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vO^
MONDAY
01944
JAN 1
&mmetCLdL an
Reg. IT.
Volume
159
RAILROAD
Canton
Akron,
Youngstown
&
PUBLIC UTILITY
-
Ry.
—
of class
Northern Ohio Railway—
[■ V-.-jVJ.--V.:The ICC on Dec. 27 "approved the consolidation' as contemplated in
the plan of reorganization by the Akron, Canton & Youngstown Ry.
and
the Northern
Ohio Railway of their properties and franchises1
into one corporation, to be known as the Akron, Canton & Youngstown
RR., for ownership, management and operation of the properties htere- ■
tofore in "separate ownership.
■'.'Y'v;/"//'• :Y;i
\
the
authorized
Commission
The
Akron,
Canton
&
the
INSURANCE
-
preferred,':
"B"
"
preferred,
79,797
common,
Ben-Burk,
Inc.,
Holdings—On Nov.
Etc.,
6,
1942,
the
com¬
pany purchased all the outstanding
capital stock (14,000 shares) of
Ben-Burk, Inc.,, Boston, Mass., for cash in the net amount of $11,752,286.
In addition to the purchase price the company made a capital
,
of
mortgage series |A and
series
B
bonds
in
amounts
necessary
to accomplish the exchange
provided in the plan; (d) not exceeding 22,038 shares of 5%. preferred :
stock (par $100);
te) not exceeding 22,987 snares of common stock
(par $100);
if) scrip certificates for fractions of shares of preferred
and common stock in amounts necessary to accomplish'the exchange
provided in the plan; (g) not,exceeding 6,227 class A conditional wargrants of pro rata participation in the future issue of all or any part
of
about
3,020 shares of common stock
(par $100), and (h) not
exceeding 15,000 class B conditional warrants of pro rata participa¬
tion in the future issue of all or any part of about 2,037.17 shares Y
of common stock
(par $100); and
(2) to assume obligation and lia¬
bility in respect of la) a purchase money mortgage dated Dec. 29,
1941, ori the A. C. & Y. Building, Akron, O.; to) an equipment pur¬
chase lease dated Sept. 1, 1939;
(c) agreements, four in number, of
conditional sale of
equipment dated Aug. 2,
1940, Sept. 27,. 1941, •
Sept. 29, 1941 and Jan. 9, 1942, respectively;'and '(d)
such -other
contracts, claims, liabilities and obligations of the Akron, Canton. &
Youngstown Ry., the Northern Ohio Railway, < and their trustees • as
are
to be assumed by the new company under the provisions "of the
plan of reorganization.—V. 159, p. 1.
. ,V'
■.
'?■•; ';'vY
: •
consolidated
$5,747,817
-..
York
New
Baltimore
Curb
133
138
_
Exchange.........138
Chicago Stock
Exchange ......J.
138
139
Exchange.........
139
Exchange
Cincinnati Stock
Cleveland
Stock
Y
1
139
140
Philadelphia Stock Exchange
140
Pittsburgh Stock Exchange
140
St. Louis Stock Exchange
^
140
Montreal Stock Exchanger.
141
Montreal Curb Exchange
141
Toronto Stock Exchange
wi—141 "
Toronto Stock Exchange—Curb Section.... 143
Over-the-Counter Markets
143 ;
Detroit Stock Exchange
2.
_
_
_
^
The
issue
awarded
was
on
bid
a
of
Other
bidders
Miscellaneous Features
1945,
Feb.
to
both inclusive.
1954,
1,
were
To be issued under the Phila¬
plan.
,
will be issued for not more than 75%• of the
standard freight equipment and will be unconditionally
guaranteed by Henry A. Gardner, trustee of the railways and property
of the Alton RE.
The Issuance and sale is subject to approval of
the Interstate Commerce Commission.—-V.
159, p. I,
of
cost
Combined
new
directors
the
on
common
15.
record Jan.
on
Jan,
Coal Co.
American
..
Allegany
of
• /
The
has
stock
capital
Exchange,
Stock
sidyiary company and
,
been suspended from dealings
conifiany has been merged
The
System
Reserve
on
the
with
;
1943)
29,
Co.—Moxie Co. Purchase, Etc.—
fiscal year ended Sept,
30,
1943
(dated
showed
"30,
continual
a
1942.
On
Nov,
the
of
improvement
over
the
1943,
that for
gross
the
year
sales
form
of
ended
.
for each
Sept.
The
Moxie Co.,
facture
and
sale
a
Gross
of
non-alcoholic beverages,
engaged in the manufor the sum of $762,500
the Old
Colony
Trust Co.,
Boston,
Mass.," and subsequent
to
of
2,977,276
11,778,231
11,827,432
revenues...
10,579,693
12,135,603
41,679,851
36,840,871
114,717
99,378
336,039
10.694,410
12,234,981
42,015,890
37,027,160
3,867,608''
3,952, i00
15,650,757
15,687,299
6,826,802
8,282,881
21,339,861
public...'
1,786,149
1,79^,945
26,365,133
7,155,036
__4_
5,040,653
6,489,936
19,210,097'
14,168,106
14,496
19,721
5,026,157
6,470,215
f
■
Net
reserve
Net
,4
appro.
oper.
income
.7.
,
from
deductions,
int.
Net
other
♦
to
$7,437,294
:
for
other
before Federal
Fed.
income
1,911,723
taxes
on
$5,525,571
_
income-
168,175
..
$5,357,396
taxes on.- income—
income.4,024,012
,
"Reduction;.in, reserve for
whisky sold but. not delivered.
tlncludes
estimated
profit
;
■
.
>
t
'
'"
*
'
,
■
ij
^Includes' provision
$198,994--in
income."
»*
1943
for
*
excess
profits taxes
.
and
Assets—-Cash
$94,200;
.
■insurance
.
notes
^Jn
in "the above
deducted
*
Balance
*
Distilling Co., would have 45.25%
Of voting cbntrol based upon its
Nov'. 30, 1943, holdings.
The conversion privileges- are as follows: '
was
.
Sheet
banks" and
and; accounts
a-nd .taxes, oil: bulk
..
Sept.
*v"'
(
-
* **
t
.
contingencies.
Expenses
'Int.
16,934
.
14,124,676
86,735
65,443
.
.
.
78,437
465,086
686,921
2,646,180
92,192
134,131
289,441
surplus..4,228,244
5,587,710
15,844,009
deductions
dividend
"Full
,
Y
-
.
.
as,
,
American Express Co.^—New
President, Etc.-^
/
Reed/ Executive Vice-President, has been elected .Presi¬
company and its
foreign subsidiary, the American Ex•press Co., Inc., :to succeed Frederick P. Small, who will become Chair¬
man of.the Executive' "Committee:
The appointment became ""effective
Jan, 4.
"
?■
.'
■
Y In this new post/Mr. Reed will continue as a director and member
of the executive committee of American Express Co. and the American
Ralph
dent
of
T.
this
,
,
'•
Express Co., Inc..,.
.
determination of net,
Other
Smith
1943.
others, .$58,9pl;.'other
i'Y'
359,201
10,675,460
requirements applicable to respective periods whether
tax is shown in this position in, the
unearned.w tlricome
or
374,440
2,781,020
;
required by the system of accounts and regulations pre"scribed for registered public Utility" holding companies.—-'V. 159,. p. 1.
-
;
19,244,724 ;T4,190,124
633,787
;_.4'_—
—:
changes
has
Treasurer;
stored for
•19,157,989
6,470,215
6,487,199
& other
statement
-J
30,
14,124,676
5,058,066
103,843
———
Balance,
in 1943
.
19,157.989
,
31,909
,
fIncome taxes
$1,736,587
600,000
■•"
43,430
J
-
.
5,026,157
;t
income
Total'
as
been
A
,
,v
in
•
officers
elected
of
•
•>.
1
these companies follow: Howard
Vice-President; Olaf Ravhdal
Executive
A
as
Dennis Harmon
John Groome as
Frederick A...Small as Assistant Treasurer;
Vice-President;'.of.,. American
Vice-President
on 'hand,
$1,093,282? special deposits)
receivable,; $1,800,576;' .accrued ..storage;,
whisky
t-
& Light'COj—
of. company
4: (as .above)
:
depreciationYamountiiig to $146,902 in 1942 and
Note-^-ProvisiCn for
4
Power
.equity
Other
$2,029,270
292,683
.
52,108
..,
.4
'
'
to
of subs.4—J
income
Amcr.
$3,437,968
1,408,698
-
7.171,755
applic4to mini
1
*
•t
.Net
1942 ' 4;.
$3,229,068
$139,149 and
V •
.
equity, of. Amcr."
pwr
& Lgt. Co. in
f
,
' "
in 1942 for bad debts of
doubtful receivables pf $B4;865. Y
186,289
Net
$1,136,587
and storage on bulk
provision
provision for
.
interests
'
-
to
,
and
—
—
divs",
Portion
L.L—^ . $1,333,384
for_ year!*—
public
deductions
Balance
(
Net
4
-
operations'—^.4-...//
less
•
(net).
income
Gross
"208,900
income..__v.
income
tProv.
the
Each class A snare may be convened into seven class B shares and
1943
15,851,778
and deple,
Other
' 9 Mos,
v.
$7,437;294
warehousing..
sales and
-
•
reserve.
profit
Income
American
2,930,036
retire,
earned
Net
equal voting rights.
On the basis of shares outstanding on Nov, 30,
1943, the American Distilling Co. has 50.55%
of voting control, ': In"
4he event all conversion privileges are exercised then jthe American-
v
in
Adjusted
Distilling Co.-'s- fiscal year these shares Of stock
were
delivered.
In addition, the latter company has .acquired, since
t,he close of the fiscal year, .4,014 convertible preferred shares and
3,438 class B common shares of.the Moxie Co. at a cost of $44,706.
The Moxie Co. states that all shares of outstanding stock has presently,
'close
on
(Selling, admin, and gen.' expenses.'..)—.
payable only if said shares were tendered and delivered on Oct. 28,
1943.
Pursuant to the provision of these agreements, the company
deposited $50,000 on account,of the purchase price of said shares
with
profit
Reduction
share
Massachusetts corporation,
Subs.)
Period Ended Sept. 30—
•,
_
of
9,834,142
%4____
,
.
((Inci.
Account
Income
12 Mos.
■
,
V "
' • '• '
1943, the directors authorized the redemption of all
outstanding shares of 5',; cumulative preferred stock at
$10.25
10,139,634
merchandise
merchandise,
of
Consolidated
12,
then
price
2,166,840
'.4____—'4
147 4
Compania Ron Carioca Destileria, Inc.,. redeemed
class B non-preference stock at its par value .qf
$10 per share.
Subsequent to Sept. 30, 1943,/this company, redeemed
at par the remaining 6,000 shares of -its class B non-preference stock
held by the American Distilling Co!
'
•
,V ; » ' ;
; ■ 4/
of
thereof, plus the sum of 7 cents
per share in full of all dividends accrued thereon from Nov. 1,
1943
(the last preceding dividend date)
to Dec/-20, 1943 (the data fixed
Tor the redemption of such stock).
:
Moxie Co. Voting Control Purchase—On or about Sept. 1, 1943, The
American Distilling Co. entered into certain agreements to purchase
23,808 convertible preferred shares and 97,798 class B common shares
the
2,375,561
—..——4
taxes
Exchangei4__4^4 427
1,500
tjiis
company amounted to
Inasmuch as this was the first
complete 12-month period since the company adopted an accounting
year ending Sept. 30, no comparison with gi*oss sales for a similar
period,can be made.
Excise stamp and rectification taxes - reflected
approximately 53 % of the gross sales. The business of the company
30,
50,494,191
19,246,834
48,056,746
1,985,146
?
During the year,
shares-of its
"r-:
Sept,
$37,757,794.
fiscal
the
For
12,170,748
-5,206,973
taxes
Prop,
.
report for the
said in part:
year ended
annual
The
Dec.
122,440,969
13,501,006
-
credits and cash aggregating
$16,176,540.. Also during the year under review the American Distilling
Co. sold 7,500 shares of the capital stock of Ben-Burk, Inc.r having
an
unliquidated cost of $1,165,175, for a: net amount of $1,370,431,
with a resulting profit of $205,256. '
4.^,
'
the
1943—12.Mos.—1942
$
$
31,435,613 133,338,741
"Pfd.
,
■
34,593,269
New
sub-
a
•
•
1942
1943—3 Mos.—1942
t^
Other
of->f'
—^
purposes.
Federal
,
.147
military
Operating - revenues....
Operating 4expenses.._.
,;r-' Balance
the new securities nre not listed.—V. 158, p. 2246.
American Distilling
■
-___.__-_.__4_---——-.2
for
coatings
Subsidiaries—
i
•
.
protective
Period Ended Nov. 30—
/
.V.;""-
Y\'%
■
.
County—Suspended
from Dealings—York
4
127
Stock and Bond Averages_44_"_—_ 127
General Crop Report XL S. Department of
Agriculture for 1943. —149
stock,
Previously, the company paid 50 cents per share each
...
2573.
p.
American Power & Light Co. (& Subs.)—Earnings—
.
Transactions N. Y. Curb Exchange-———
declared a dividend of 75 cents per share
no par value, payable Jan. 31 to holders of
'
Banks
-147
...
Transactions N. Y. Stock
4
quarter.—V. 158, p. 355.
158,
According to the Calco statement, the new unit will be
known as
United Color & Pigment Department, Calco Chemical Division, with
no change of management, personnel or policies contemplated.—-V.
158,
p. 2461.
.V/V
V4
Statement of Federal
Condition Statement of Member Banks
Federal
The
Condition
Reserve
Dividend Declared—
Amerada Corp.—Larger
Rates
Foreign Exchange
.
certificates
These
,
company
located in Newark, N. J4 The United Division, with manu¬
facturing facilities covering, eight acres and employing' spvne 500 people,
been
a/ majorl factor^ fir;production< of '-orgarn-jfiv(lapd^ - indi^anic
chemical colors. In peacetime their products-'^b td'aiHtj'pes; bf/coloPconsuming industries and since the outbreak- of war they have also
been supplying heavy demands for pigments, to be used in camouflage
has
Investment News. 105 ;
State and City Bond Offerings and Sales... 152 '
Redemption Calls & Sinking Fund Notices.. 145
Dividends Declared and Payable.—
145
The Course of Bank Clearings...—
.144 V
Inc., and associates, who bid 98.884 for 2»/4s
and Salomon Bros; & Hutzler and associates, who bid 98.807 for 2lAs.
The certificates mature $367,000 annually
each year from Feb. 1,
delphia
that he
State of Ohio, reports
Co. division
General Corporation and
99.321.
vr/,"
liquor vdirector for the
Fisher,
Commission.—V.
and
Co.,
&
Stuart
Halsey,
,f
of
The company's Calco
Chem'cal Division on Jan.; 4 announced the
purchase from the Interchemical Corp. of its United Color & Pigment
.
______
-
■'W
■
State
American Cyana-mid Co.—Division to Expand—
...
Miller & Co., McDonald-Coolidge & Co., G. H. Walker & Co., Kebhoniv
McCormick & Co., Martin, Burns & Corbett, Inc., and, *
Wheelock & Cummins, Inc., on Jan. 4 offered $3,675,000 '244% serial equipment trust certificates (first equip-,
'ment trust of 1944) at prices to yield from ;1% to'-2.50%
■
■■'4.:
Purchased by
Be
pre¬
...
YThe Illinois Co. of Chicago, Hayden,
■
department,
cumulative
.
.
according to maturity.-
5%
($20 part, $5,000,000;
$4,207,906; tola., $18,-
bring their whiskey into this State,
the
Los Angeles Stock Exchange.
Equip. Trusts Offered—Harris, Hall & Co.,
Inc., AG. Becker & Co., Inc., E. H. Rollins & Sons, Inc.,
I
Treasury
and that a ruling may be made
In the very
near future.
The main problem is to dev,se a method
whereby the State monopoly system can benefit through the purchase
of
whiskey direct from stockholders. A substantial number of the
company's stockholders are believed to live in the State.
;
The chairman, of the Michigan State Liquor Control Commission
announced; that a stockholder of American Dlst'llmg Co. may br ng
in his whiskey and dispose of it through the State Commission, but
that it; is doubtful if the whiskey could be sold direct to a bar or
tavern.
Inasmuch as the liquor- would be personal property, however,
the exact, legal s'tuation has not yet been detenn'ned. It Is understood
plans are be.ng worked out to handle whiskey owned by small stock¬
holders in one large lot. In this case it can be easily handled through
117
Exchange...
S.
working on plans which would.perm.lt stockholders of this
to
; Page
Exchange
Stock
Stock
Boston
Yy.
Stock Exchange...!*..;....
U.
Ohio—,:
is
Quotations
-1:".- YV'C■:
New York
by
$1,908,520; earned surplus,
:'4
4:44';"■/.4'
surplus,
Don
'.
determination
iinal
"Whisky" Dividend May
;
Stock and Bond
wages/ in¬
salaries,
accrued
taxes
reserve
for contingencies, $342,000;
($10 par), $1,576,380; common stock
$4,118,746;
311,098.-
Railroad—To Acquire
Akron, Canton & Youngstown Ry. and Northern Ohio
Ry.—See Akron, Canton & Youngstown Ry.
.
^
"
to
subject
taxes,
' In This hsue
■
-
$803,654;
payable;
and other expenses, $283,190; war'bond pay-v
roll deductions, $7,7C1; provision for Federal income and excess profits
capital
; :•;
"> 1■1: %,"v
;
premiums,
surance
ferred stock
& Youngstown
Canton
owned
Liabilities—Accounts
in
.
Akron,
receivables,
whisky
$i&,311,098
cash to Ben-Burk, Inc., making a total
investment in that company .of $17,500,103, Subsequently;
a
plan to
liquidate Ben-Burk, Inc., was: adopted, and during the year under
review
the American Distilling Co. received liquidating dividends in
contribution
$270,32,5
(including
doubtful
bulk
in
' V:\Y;
•
1,768
shares; convertible
.158,465'/a shares., ■
Copy
a
due from affiliates), $643,317; reserve
Dr$327,753;
inventories, $10,669,744;
equity
by .others, $76,105; deposit under stock, pur¬
chase agreements $50,000;
investment in affiliated companies, 8291,888; bond and warrant secured by mortgage taken in settlement of
part of sale price of former Philadelphia plant of American Com¬
mercial
Alcohol
Corp.,
$900,000;
fixed
assets,
$2,621,783/ prepaid
insurance
and
taxe;,
$224,l3o;
deferred
charges, $114,917;
total,
receivables
Moxie Co. shows as of Sept. 30, 1943,
class issued and outstanding exclusive of
each
its Treasury:
in
class
Reduces
of
Cents
60
MISCELLANEOUS
-
for
the
statement" of
A
held
shares;
its creation (1) to issue and exchange pursuant to the plan: of
reorganization (a) not exceeding $1,500,000 of consolidated mortgage
series A 4%
bonds .due Oct. 1, 1988;
(b> not exceeding $2,173,000
of consolidated mortgage series B, 4Vzfo
bonds due Oct. 1, 1988; (c)
certificates for fractions of
B.
Class; "A"
upon
scrip
INDUSTRIAL
-
following shares
shares
RR.,
Youngstown
Price
each share of convertible preferred may be converted into three shares
with
Merger
Office
York, N. Y., Monday, January 10, 1944
New
Number 4245
.
Pat.
S,
of.-the
American
Express
Co.,
and
Inc.
also, made;
Express Co.,
The'-.following'appointments:were
-Assistant to Executive Vice-President;
Roy
F.
Hillmer as
T. R. Clark and J, J. L. Dennen
f
•
I
X
Pfsutz
S.
L,
and
Vice-Presidents,
Assistant
as
,
continues as Vice-Chairman
companies.—V. 152, p. 3332.
Lynde Selden
both
of
1943
30—
1942
,
Valley Ry. & Power Co. first
Scioto
$0.3.4
2461.
The
the
Open account indebtedness (bearing interest gt, the rate of, ... '.X
;. ..6%.. per year when earned)-—455,000
.
income
tCharges
in
Net
28,258
$644,537
286,859
$1,845,884
842,661
$1,647,553
866,605
$724,690
274,294
net-'——
income,
Other
,
;
of
tion
—
to
proposes
acquire from Ohio-Midland
stock of Atlantic
mon
84,650
also
Co.
all of the latter'S holdings'of 580 shares of com-Utility Service Corp.; for a total cash consideradollar.—V. 158, p. 2462. '\.XXX'
XX ■ ;.\XX%
,'XVX.X'
Power Co.
Light &
$1,562,893
$616,280
Electric
Associated
$1,758,593
87,291
$695,286
29,404
income..---
oper.
■
322,500
107,500 4
:
taxes
come
preferred stock
series first
$5 series preferred stock (no;
345,700.
204,979
202,759
taxes..
lieu of in-
aggregating.-.X ; 2,325
(pat $100.)-.;--—l.QOQshX
par)'-_-^--_^-——4^2-—1,975 shs.
Class A stock ,(no par)-l——--.-el— —
3,774 shs..
Common stock
(no -.pat) LA-—-——-A-'—X—1,640 shs.
thereon
interest
Accrued
$6.50
.
♦Federal
interest
Accrued
one
of
deducts.
other
and
Int.
-------
shares at $1 a share under a new and a former
management contract and to certain officers, directors and personnel.
Of the total, 775,000 shares. may be acquired at any' time during
the life of a new management contract between the company and
Canadian American Truck
Co., Inc., while 100,000 shares may be
acquired by holders' of the former management contract; Investigation
.& Development Corp., during the life of the new managemetn contract.
An additional 75,000 shares may be purchased by Horace S. Vaile,
President and General Manager, for a term continuing" until 60 days
after the end of the second consecutive calendar year in which operating losses are determined.
•
•: ;
'••
'• ,•, '■
-Xtie' remaining 44,890 shares under .option will go to an operating
management pool for the benelit of the
operating personnel and
certain of the directors for a term continuing r until 60. calendar days
after the end of the second consecutive calendar, year in which oper¬
♦Federal
taxes
income
ended
.
common
determined.—V. 152, p. 2060.
Electric
x'"-''■'$*■ ■
■ • ■'
/• ■.
tThese charges represent amounts equivalent -to additional income
taxes which would have been payable by West Texas Utilities Co. in
the respective periods if that company had not had
the benefit for
tax purposes of deductions for discount, call premium and expense
resulting from
the refinancing of long-term debt in 1943.. These
amounts have been credited to unamortized debt discount and expense.
tFor purposes of comparison, earnings published in 1942 have been'
1942.
Act of
Revenue
.
adjusted.
Statement
Only)
(Company
Income
of
30—
1943—3 Mos.—1942
1943—9 Mos.—1942 %
—$326,620 ,,, $196,557
$719,939. , $589,609
Gen.
and miscell. exps.
5,314
2,028
10,754
7,459
Taxes, other than Fed.
1,007
617
,
2,099 '
10,152
Federal income taxes.23,259
24,766 %';;•' 56,200
47,384
Period Ended Sept.
Total
income—.
.
-V.
,
$169,145'
$297,040
income—
Net
$524,614
$650,886
Rights Approved—'
offensive
to
turned
"
•Boston Acceptance Co., Inc;—Preferred Dividend—
.
.
1943
1942
$547,639
Net
oper.
ry.
.
income—
'
March
,
;Mayv
June
Net
Average daily toll conversations hit a new high of 3,900,000,
gain of nearly 500,000 completed conversations a day over th| 1942
Long distance messages handled over the wires of the A. T. &
T.
Co.'s long distance department
totaled 150,000,000, as, compared
with 115,000,000 in 1942.
X %X " ^
/
.r
"Because of the shortage of materials, only 4,000 additional long¬
distance circuits could be added during the-year, instead of the 17,000
oper.
ry.
.
1,843,005
509,855
income™
♦Deficit—V.
1$8,
p.
.
;•
■
1943
of
end
224*.
''•
Western
.
able
This brought the System total 'to'a new high of more
than 21,000,000 telephones.
The figure for the entire industry in the
United States passed 26,000,000.''—-V. 159, p. 2.
•
;
;
a
Bank .of the City of New York,.
Street, New .York, N. Y.—V. 158, p. 156.
..
■
Chicago, 111,,
11
Broad
;xXX\X%x
Corp.—To Expand.Plant—
design and construction of an-expansion to the Front
Royal, Va., plant of the above corporation, - which will more than
triple its production of rayon tire cord, has been awarded to The Rust
for
Engineering Co., Pittsburgh, Pa., it was announced on Jan. 5. \
V>
Construction
has
already begun. The new facilities, consisting" of
modern mill
buildings designed to match the'existing plant, will be in
operation this year; S. M. Rust,. Jr., Vice -President of The Rust
Company, said in making the announcement. V - •. ,,•> ^;-X..,
.This increase in
rayon
productioh capacity is being Undertaken
at the request of the Government in order-to provide Rayflex, . one'of
American Viscose Corp.'s high strength rayon yarns, for synthetic
tires for war use.
■
X ■>.••<.,' ■■'••■«
<•
The Front
Royal plant is the most recently built of the seven plants
the manufacturer of Crown rayon.
It began
of American Viscose Corp.,
production of rayon yarn in August, 1940.'—V. 158,
p.
2357.
American Water Works & Electric Co., Inc.
on
Order
—
: x;.x.., x.v'
Effective—
The SEC
•••*'"••
•
-
31' issued
Dec.
an
order permitting to become effective
declaration regarding a donation of capital in the amount of $441,000
a
to
Commonwealth
the
monwealth
the
Water
American.
to
thereof
amount
&
Light Co. by means of the cancellation of
in
indebtedness,
account
open
to
like amount;
capital surplus.—V.
by
Com¬
such cancellation American will add
investment in the-common stock of Com¬
Upon
its
monwealth and Commonwealth will transfer
to
ovted
now
a
corresponding
158, p. 2574.
:
Net sales
■
the
fiscal
compared
ended
year
Nov.
30,
1942,
Associated Electric Co.—To Sell Securities of Subs.—
A.
hearing will be held Jan. 13 and Jan. 26, respectively, before the
SEC on the following proposals:
•„
Associated
Electric
Co.
proposes
to sell
to Malvern
Hill,
a
non-
affiliate, for the base price of $720,000, all of Associated Electric Co's
interest in its subsidiary, The Lake Shore Gas Co.
The securities and
indebtedness
to
be
sold
First mortgage 5Va%
standing)
consist,
of Sept. 30,
principal amount
account
of 6%
as
bonds, due Nov. 1, 1950
Accrued interest thereon
,
Open
indebtedness
per year when
1943, of the following:
($599 000 out¬
$154 000
;
aggregating__„_»^.:__yl_ir_~
.
Associated
Gas
Co.
interest
(bearing
interest
at
Electric
all of
the
the rate
earned)
1 270 000
thereon
Co.
also,
proposes
latter's holdings
3529
.
aggregating—.,.
Z1ZZ
Open account indebtedness, non-interest-bearing
*,
Common stock (no par) 100% of the outstanding issue.
Accrued
\
The
dividend of 15 cents per share has
common stock, par $1, payable Feb/ 1: to
been declared on
holders; of. record
to
acquire
of 550 shares of
from
'■
6*400
50 000
6.000shs.
Lake Shore
common
stock
of
the
sale
the
to
of its outstanding 7% cumulative pre¬
this purpose will come from the separate
sinking fund1 set aside by. the board of directors and consisting of 10%.
of the net earnings in excess of the dividends paid during the year
on the preferred stock for the fiscal year ended Sept. 30,
1943.—V. 158,
X'','''';;;
p. 2464. v'X-.■
VX;
■
";x xKv/^.i'X''V'V'v;:-x:%
;
Feb.
1, last year.—V.
Calumet
157, p. 216.
X X
;
Equipment Trust Certificates—
The
ment
Co.,
p.
tion
Beatrice Creamery Co.
profit
•
share—
Earns, per com.
♦After
excess
interest,
and provision for Federal income and
tOn 401,729 shares, fori 381,866 shares.—-V. 158,
depreciation
profits taxes.
1526.,
v,
-
.
1943—12 Mos.^-'1942
$1,869,307 $1,664,973
t$3.56
J$3,16.
$325,061
l$0.55
$270,665
t$0.43
' •"
Beaumont Sour Lake & Western
$733,835
*203,434
9,696,818
4,958,444
929,184
1941
37,284
6,900,953
Net ry.
oper.
income-—
1—
Gross from railway
Net from railway--—
-
oper.
income—
♦Deficit.—V.
••" $388,762'
374,112
158, p. 2247.
2,253,383
1943
1942
1941
1940
railway——.
$157,575
60,003
$140,750
21,609
61,596
$151,874
65,565
93,664
ry,
oper,' income..
-From January
from
Net
Net
158,
;
X
• ,■
208,929
142,376
502,511
€9,502
14,168
•
,
3.323,796'
1,533,907
877,632
2,504^79
1,000,791
415,538
1,922,593
;
.
538,708
income-,
1,705,640
"?
693,804
864,852
692,909
796,408
:
X'-X
2248.
1,426,706
510,534
859,155
■
Canada Cycle & Motor Co., Ltd.—Stock Div.—
The company has applied for the right to increase its capital by the
"issue of 100,000 additional common shares, and when authorized the
100,000 new shares will be delivered to the parent company, Russell
;
Industries, Ltd., as a dividend.
A cash dividend of $140,000 was
All
.
the
common
directors
the
paid on the common stock in 1942.
except one share each held by
Russell Industries, Ltd.; who acquired the as¬
3389.
■.X'.,,-; X
stock of the company;
is held by
1916.—V. 151, p.
sets in
Canada Northern
Power Corp.,
Ltd.—Earnings—
1943—Month—1942
Period End. Nov. 30—
earning;? . ———
Operating expenses
$339,423
earnings
.
$364,817
138,297
1943—11 Mos.—1942
$3,860,028
'■ 1,483,905
Net
123,732
taxes.—V,
158,
p.
_______
$226,520 $2,376,123 $2,512,352
do not include income and excess profit
expenses
2464.
y
Canadian Converters
J
M
Mackie, President, on
Co., Ltd.—Rejects Offer for Stk.
Dec. 27 advised shareholders in a letter
had been received for all or part' of the
Mr
Mackie said the company had been offered
•Llessrk1 Flood & Co., Montreal (Canada) .brokers,
-that an offer
'
-
•
He
of the
s#«d he was
activity of the
.
$4,141,888
1,629,536.
$215,691
Gross
$218,053
,
45,035 X
'36,870
1,674,774
p.
48,585
_
railway.-,
oper.
ry,
—V.
1—
railway——.
from
Gross
1940
From January
Net ry.
from
Net
■
3,746,227
RR.—Earnings$112,012
Note—Operating
1943
Gross from railway—
$1,152,827
-Net from railway-—697,743
November—:
V-'X:';-;.';"-r.--•• X
•
.
Ry.—-Earnings—
1942
%:'.'.v
railway—.
from
Net
(& Subs.)—Earnings—
1943—3 Mos.—1942
Period Ended Nov. 30—
♦Net
•'
NovemberGross
>
in connec¬
X;V -
2153.
Cambria & Indiana
Dee. 30 granted the company 'authority to assume
liability in respect of. not exceeding $3,097,0001 equip¬
trust series M certificates,
to be issued "by the Girard Trust
trustee, and sold at 100.057 and accrued dividends
with the procurement of equipment.—V. 159, p. 2/ %
the
.'%■ ■;■'•'
provides that whenever a dividend on the company's stock
is declared an amount equal to that dividend on 50 shares of stock
is to be disbursed to each employee.
All workers .participate.—V. 158,
and
as
,,
this company, which was
reinstated and extended
company's Wolverine Tube
The plan
-
ICC. on
obligation
1
and Extended—
simultaneously- to cover workers 'In
Division at Detroit, Mich,.
; •;■' -":-X
increase of 29,881 over
with 149,114 loaded on
an
X
Copper Co.—Profit
profit-sharing plan for employees of
several months, ago, has been
The
discontinued
x'
amount was made on
X"
Vv
Consolidated
Hecla
&
Sharing Plan Reinstated
■
December, 1942, when the total
line and, 110,893 received from
connections.
For November, 1943, the total • was 315,657,. comprising,
182,749 loaded on line and 132,908 received from connections. During
December, 1930, the total was 214,301 carloads handled with 142,369
loaded on line and 71,932 received from connections'• I;',V'.:••'!•/'
was
260,007
2)'of 25 cents
payable Feb. 1- to holders
per share on the no par value common stock,
record Jan, 15. An initial distribution of like
of
Baltimore & Ohio
was
Dividend No. 2
declared an interim dividend (No/
The directors have
.
directors'have declared an
;.:•
xLx:'.'XX:X:X;';' '"•/ X:":.X;
Caldwell Linen Mills, Ltd.—Common
Wickwire has been
:;•
•; ; X
Purchase Preferred Stk.
company
funds for
The
stock/
ferred
dealings
3.
until hoon^ ,Feb. 1; 1944, receive bids
Treasurer, will
Frank G. Love,
for
'
p.
Transit Corp. were suspended from
Exchange Jan. 7, -1944.—V. 159, p.;
Stock
York
New
(A. M.) Byers Co.—Offers to
X
old -common
158, p. 288;
Transit Corp.
the Brooklyn-Manhattan
both
of
stocks
common
the
on
Baltimore
This
x
and the Brooklyn & Queens
RR.—Gain in Cars Loaded—
Carloads handled on this road during the year 1943 totaled 3,631,699,
•consisting of 2,125,982 cars loaded on line and 1,505,717 received from
connection^ This was an increase of 210,084 over the year of 1942,
when
the total number of cars
handled was 3,421,615, comprising
2 066 721
loaded on line and 1,'354,895 received -from connections,
During the year 1941 the total was 3,113,054 cars handled consisting.
of 2,012,361* loaded on line and
1,100,693 received from connections.
The'total for the year 1930 was 3,257,082 made up of 2,144,580
loaded on line, and 1,112,502 received from" -connections.
V///
For the month of December, 1943, the total was, 289,888, "consiting
of 172,057 cars loaded on line and 117,831 received from-connections.
.
Broadway-Trinity Place Corp.—Takes Over Harriman
60-Cent
Basis— _'• '
American Insurance Co.—Extra Dividend—
extra dividend of 5 cents per share
and the
usual-semi-annual dividend of 10 ce.nts per share on the
capital stock, par $5, both payable Feb. 15 to holders of record Feb.
1L
Extras of 10 cents each were paid on Feb. 15 and Aug. 16, last.—
%
^ \
declared on the common
cents per share has been
50
Brooklyn-Manhattan Transit Corp.—Off List-
company
M.
'The
v.
of
Building Corp—See latter corporation,
.
'.
2246.
(1)
'
Corp.—New Vice-President—
%
named Vice-President of this corporation
ahd
also has been
appointed President and a director: of Mercury
Clutch Corp., of Canton, Ohio, a subsidiary,X it was announced-on
Jan. 5.—'V.
158, p. 2463.
■
X/VX;' 'VX '
1
dividend
stock, par $5, payable March 20 to holders of record March 10.
Pay¬
ments during 1943 were as follows: March 20, June 21 and Sept. 20,
50 cents each; and Dec. 20, $1.—V. 158, ,p;-2463. -X"X>X>%7'
%%;:.
Automatic Products
A
with
Chicago,
from
profit before Federal income
taxes and special charge was $2,846,509 and net profit after taxes
and charges amounted to $372,309.
("Wall Street Journal.")—V. 158
p.
share
for the fiscal year ended
dispatch
have
hold¬
Co.—50-Cent Dividend— X
Bower Roller Bearing
stock of no par value, recently split-up two-forpaid 30 cents per share each , quarter from Nov.; 2.
to and including Nov. 1, 1943; 50 cents per share each quarter
Aug. 1, 1941", to and including Aug, 1, 1942, and 37% cents per
in preceding quarters.—V. 158, -p. 1438.
1942
.
Nov, 30, 1943, were approximately
$7,684,661 in the previous year, according
111.
Preliminary....figures indicate that net
profit for the year, before provision for Federal taxes and renegotia¬
tion of war contracts, will be approximately double that of 1942
For
to
Plywood Corp.- -New Stock Placed on
Llie
the
from
)
.
<Tlie) Aro Equipment Corp.—Sales, Etc., Higher—
$14,000,000
new
one
amount
-
14,790,687
158, p. 2358.
A
at The Chase National
or
American Viscose
Contract
and Maine Central railroads
of the Northeast stock, reducing their
quarterly
UOn
has
-V.
11
^
said Boston & Maine
Annual Dividend
:
called for redemption as of Feb. 29, 1944, a
total of $150,000 of collateral trust 6%- bonds, series A, dated Nov. 1,
1934, at 105 and interest.
Payment will be made at the Continental
Illinois National Bank & Trust Co., trustee, 231 South La Salle Street,
corporation
1,644,770
1,186,253
1,326,034
1,605,329
..
Atlas
use.
American Utilities Service Corp.—Bonds Called—
■'11
••
a
-
the
The
*"*.
30% interest to '10%; and Laurence F.« Whittemore, As- :
sistant to the President of Boston & Maine RR,, has resigned as a
Vice-President and director of Northeast.,, ,
%
■'v '
:
.' X'
Mr. Solomon added that the question of railroad control of the air- v
lines—if there was a question—had now been disposed of.—V. 159, ,
ri
9
v -1
t.'
\ .■
'' J
•. .'•,
I-v.. •
' '•'
p. 2.
fill service
to
v**.
Xv'''1-'"..:' x' ■'
"■
-.
disposed of 100,000 shares
ings from
of available facilities, the Bell Systfm companies
requests, resulting in a gain of 1,200,000. tele¬
"By effective use
were
phones in
Civil
a
...l1'
; Mr; Solomon
year
of
5-at
Jan.
air service^
witnessed further expansion of the .war production
Electric Co.,. the Bell System's manufacturing
branch, and continued emphasis by Bell Telephone'Laboratories on the
development of instruments of war.
••-■/%.. : ;
. .r ,
- X'
"During the first three quarters of 1943,
the average speed of
service on long distance calls was 3.7 minutes, as compared with 2,3
minutes in 1942 and 1.6 minutes in 1941.
:
m ^ i"The
facilities
in Northeast Airlines, Inc.;
and now holds a controlling interest of 90,President of Northeast Airlines; Inc., stated
Aeronautics Board hearing; on Boston-New York
has increased its holding
The Atlas Corp.
Bell telephone companies.
history—were employed by the
" 1.240.585
■ V 1,344,681
-
Total
by 50,000 shares of stock,
000 shares, S. J. Solomon.
936,050c
1,056,671
-
November
Northeast Airlines—
V
1,108,765
.XX 15,618,842
October
Corp.—Acquires Control of
Atlas
on
largest in
185,000 operators—the
of
force
a
X 1,031,798
August
September
*225,087
972,397
■;•. 999,749
December
■
1.011.022 ' ;
1,051.838
a
July
3.135,566
-286.117
5,442,494 ,'• 4,269,931 ^
1,415,992
.955.123.,
389,807
221,936
6,569,934
railway
from
Net
1,215,393
«•
railway-—^
from
.1,357,694
1,195,351
1,120,554
1,358,757
-a :._X ,X vX.
-
"
1—
From January
Gross
•
April"-' X
1,422,110
1,526,970V
'
36,540
*16,266
:•
1,441,749
iL-'-'--:
Fei)ruary';
'
69.001
♦ 14,486
130.301
*19,851
♦33,529
% Increase
1942
1,551,222
1,653,787
-January
$298,193.
$374,651
■
33.871V
railway A—;_L!
from
Net
railwaj'
from
Gross
c.
1940
:
1941
$577,615
November—
1943
ItR.—Earnings-
a
required.
■
.
2.5%—
problem.
the
'
S. District Court Judge Vincent L. LCibell on Dec.-21 * acquiesced
The company ,on Jen. 3 paid a dividend of 17¥2 cents per. share on
sale by United Coach Co,, a subsidiary, of its Reading, Pa.,
the 7% cumulative preferred stock, par $10, to holders of record Dec;
transit operations
to the Beneficial Loan „Society, Wilmington, Del.,,
17. *The previous, payment; also T7Mi. cents per share,> was; made on
for $750,000.
Previously it had been announced that the. Reading,.Pa.,
March 31, 1942. - Arrearages now amount to $2.10 per. share.
traction properties would be sold to George A. Stevens, Chicago, 111.,
for $640,000,-but a representative of the - trustees 'of Associated said
that the higher price and the new purchasers resulted from,, competir X
x Boston Consolidated Gas Co.—Output Up
•
■; >
tive bids.
The United Coach Co; may take1 out,.- ih the form of diviX/i
; -The company reports • output for .December, T943, 1 of 1,644,770,000
dends, the entire earned surplus, as adjusted,-of; the Reading, Street;/;
Cubic, feet, as compared with 1,605,329,000 cubic feet for December;
Railway on Dec. 31, 1943, the trustees' announcement said.—V. 158,
an increase of 2.5%.'
■
"
X-;.,;
p. 2462. ■
, •% v; xxxxx.;-;■•■•.:'.xxxx-x
x%x
xXvx 1942,"-'Output in cubic feet compares as, follows ,<>:
(000 omitted)
',rM
the
in
average.
"At
'
■
phone System the heaviest load in its history.'/.'T
'•
X "New records established in the previous year toppled before the
mounting tide of official war business and attendant civilian activity.
The crowded condition of long distance lines remained tfie Number 1
circuits
•
Production Award was presented on Jan, 5 to 2,600
the Thompsonville (Conn.) plant' of this company. '
The
company
is the largest, single, producer of blankets: for the
armed services and to date more than 1,000,000. of these blankets have
been turned out by the Thompsonville plant alone, it was announced.
This plant is also making large quantities'of cotton duck and ordnance
material for'the Government.—V. 158, p. 2574.- ,
'J':A
u.
..
Bell Tele¬
warfare in 1943, gave the
:
The Army-Navy
-
.Xx'V!VXx'vX'
„
.
.
employees of
of Coach Tran¬
Associated Gas & Electric Corp.—Sale
sit
Atlanta Birmingham & Coast
Telegraph Co.—Wires Carried
Record Load in 1943-r-' 2;"''" xxxxv "XXs'V
The company, in an Announcement, says, in substance as follows;
nation
units, or 5.6%
7,064,850
American Telephone &
"A
31,
ago.—V. 158, p. 2.
1933.
158, p.
report ;,lor
Electric Corp.
1913, net electric output of the
Group "was 132,332,639 units (kwh i.
This
Dec.
'
•.
,
Bigelow-Sanford Carpet Co.,' Inc.—Award—
.
the1 week
Associated Gas &
is an increase of X
above production of 125,267,789 units a year
y.
■■■r'r/-;}IxXXXX ■'%X;;X:'
The Trustees-of Associated Gas &
■•
$357,679 $1,003,224
. $780,948
have been computed in accordance with the
$450,396
income—;———
Net
Electric Co.—Weekly Output—•;
Associated Gas &
has .granted
1943,
ating losses are
income
Gross
at
of
1.005,110 common shares outstanding
options to purchase an aggregate
had
which
company,
close
994,890
Power Co. 6% gold notes, due March 1,
'
amount
—-i—355,000;'
thereon aggregating.-t—
——X. v'". 1,775'
principal
.1932,
"f:
Co.—Grants Options—
Berkey & Gay Furniture
gold bonds,
mortg. 6%
June 30
Payments during 1943 were as follows: March 31, $2;
and'Sept. 30, $1.75 each; and Dec. 31, $1.—V. 158, p. 2463.
Scioto Valley Ry. &
Service Co.—Earnings—
(Including West Texas Utilities Co.)
-41942
Period Ended Sept. 30—
1943—3 Mos.—11942
1943—9 Mos.- ,848,751
$5,624,511
$1,805,322
Operating revenues —$2,231,419
,444,792
2,793,631:
545,218
Operating expenses
1,082,639
383,895
404,088
138,847
Taxes, other than Fed...
'143,234
457,170
American Public
dividend of $1.25 per share on the
a
last.
1943, principal amount—$844,000
interest thereon aggregating——-.2-.-uj..:—.
16,800
Accrued
paid
stock, par $100, to holders cf record Dec. 31.
This compares
$1.75 per share each paid on March 31, June 30 and Sept. 30,
With
1,
due June
3i
Dec.
on
company
common
.
consist of the following:
sold,
be
to
are
$79,187
profit after charges and taxes
t$121,764
♦Earnings per share—,——~— '•
$0,53;.
•♦On 231,400 shares.: t Subject;, to.renegotiation,—V. 158, p.
The
Electric Co. proposes to sell to Joseph B. Wilson, a
the base price of $1,885,000, in cash, subject to
adjustments, all of Associated Electric Co.'s interest in its subsidiary,
Ohio-Midland Light & Power Co. As at Sept. 30, 1943, the outstandingsecurities and indebtedness of Ohio-Midland Light &t Power Co., which
of Pa.—Pays $1.25 Dividend—
Bell Telephone Co;
total cash consideration of one, ;
for a
.
Associated
non-affiliate". for
of the board, of directors
Net
Corp.,
Service
'
•
(2)
Socket Co.—Earnings—
American Forging &
3 Mos. Ended Nov.
dollar.
,,
,
Utility
Atlantic
Assistant Comp¬
as
troller.
Monday, January 10, 1944
& FINANCIAL-CHRONICLE
THE COMMERCIAL
106
company's shares.
$40 a share by
and that it had
making the explanation to shareholders in';view
company's -shares- cn the stock-market.—V. 155,;
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4245
159
107
4reached
Canadian Pacific Railway—Earnings—
.
earnings—.
Working expenses,
Income
Net
sales
Gross
5,590,640
earnings,,
'
Week Ended Dec. 21—
Traffic
V.
ilL
Net
1943
mineral
Cost
of
1940
1941
deprec.
$248,109
$503,363
$406,468
120,972
196,701
312,543
234,889
33,079
51,400
88,563
77,444
profit—
$102,257
$94,135
$0.08
$0.07
"Loss.
The
——-
,
!
.
loss
net
after
V.
S
"$39,067
share—..
per
for
Including
charges
158,
months
nine
the
for
$107,898
143,334
dividends—
67,745
67,745
68,099
68,720
401,108
445,500
378,033
Oct.
356,540
Consolidated
Balance Sheet,
Oct
and
receivable
(trade)
less
,
Federal
to
on
war
$1,671,430
356,306
400,900
1 ,987,082
Lovett
B.
2
2,995.396
8,729
107,847
114,374
19,850
19,427
1
•
1
,944,092
contracts.
charges..
employees.
—
in a majority owned unconsolidated
subsidiary, at cost less reserve..
'
Post-war
refund
and
profits
excess
tax.
11,912
signed
has
S. District
order in U.
an
annum."
mortgage
per
patents
2
applications,
at
Liabilities-spayable
■■
.
Unearned
3
5%
Judge Lovett's order said.Earnings for
58,277
from
Net
from
Net ry.
from
Gross
Net
from
Net
ry.
—'V.
999,121
26,584,344
9,375,005
6,922,546
1—
•
railway—13,320,862
incomes
748,801
p. 4.
"
Total'
239,889
expenses
417,221
amortization
128,000
Deprec.
&
General
2,034,764
income
Fed.
ihcome
-V.
Int.
par)__—
,
500,000
3,492
17,130
1,354,900
par)__—
856,200
1,223,100
158,
1
—
3,713,958
Divs.
on
p.
52,994
59,270
661,583
$1,435,286
501,606
$9,424,206
$9,214,112
1943.
approval
Feb.
of
bonds,
1,
41,800
41,800
Net
from
ry,
1942
1941
to
$2,156,566
$1,583,890
and including the callable
required will be $4,658,522.—V. 158, p. 2041.
total
$4,375,000,
premium
158,
Gross
334,086
;
,;
52,100
170,511
29,667,772
11,197,464
sum
its office
29, 1944,
at
company
noon
Feb.
on
mortgage
bonds
From
Gross
3,337,811
14,197,291
3,003,271
715,188
1,748,481
directors
&
Easton
of
Western
Co.,
Ry.
a
Changed—
subsidiary,
have
Central RR. Co. of Pennsylvania, it was
announced on Jan. 5 by William Wyer, chief executive officer of the
parent company.
The Easton & Western line serves an industrial
area in and around Easton. Pa.
Mr. Wyer said the change of name is
preliminary to plans, for setting up a separate organization to operate
Jersey Central's Pennsylvania trackage and properties.—V, 159, p. 4.
ry.
directors
the
dividend
a
of
cents
75
per
share
15.
$1 per
stock,
In
of Jan. 3, 1944,
the following shares of class A preference stock at $27.50 per share,
plus accrued dividends to April 1, 1944:
Certificate No. AO-131-5;
AO 195-3; AO 209-2; AO 23; AO 115 and AO 73.
Payment is being
made at the office of the corporation at Waterloo, Iowa,—V.
129, p.
recently
corporation
for redemption
called
3°15.
is
as
Nov. 7, '43
12 Weeks Ended—,,
profit
"After
*
share
common
charges
For'the
-
-
and
_
provisions
for
Federal
$533,887
$0.75
taxes
Nov.8, '42
$936,921
$1.48
(amounting
to
1943.)
in
net profit was $1,198,221,
equal to $1.66 a common share. Federal tax provision for, this period
amounted to • $2,749,314.—V. 158, p. 1344.
.
weeks
28
ended
Nov.
7,
1943,
Cherry-Burrell Corp.—Annual Report—
■
In
the
report issued Jan. 7 for the fiscal year ended Oct. 31,
annual
distributor of dairy plant
equipment and supplies,
reports net income of $580,976
after all
charges, including Federal income and excess profits taxes.
This was
equivalent after preferred dividends to $1.15 a share on 445,675 shares
of common stock outstanding and compares with net of $600,618 and
.1943,
the
$1.20
a
corporation,
common
The slight
234,868
244,106
106,081
12,071,994
10,594,368
9,844,288
manufacturer
share for
the
4,608,427
3,511,138
3,436,033
3,185,433
2,324,606
1,996,442
annual Midwinter
Sale Book of Aldens Chicago Mail Order
in the hands of its customers, it- is announced...
complete distribution of this book on
event brought about by the premature falling off of holiday
an
Prices
and
previous year.
the
liberalized
allowed
Price
many
cases
much
as
The
25%
as
its
further
announcement
monthly
states:
payment
"The
the
on
:
.
in
has
and
it
is
expected
that increases in produc¬
1944.
reviewed
Adjustment
its
Board
Cola
.
and
158,
passengers
were
is
engaged
in
for
operations
cargo
the
2359.
p.
Court has ruled
beverage is now
Supreme
of
name
a
of Chancellor
contended
Par-T-Pak
that
the
word
generic
a
"Cola"
and
name,
W. W. Harrington against
as
sus¬
Coca
Corp.,
guilty
were
manufacturers of Royal Crown
of unfair competition by using
»
Harrington's original decision
the
gave
Nelii
Cola,
"cola."
p.
decision when Coca
same
handed down
was
in
1939,
Cola appealed in 1942.—V.
158,.
2465.
Commoil, Ltd.—One-Half Cent Dividend—
A
dividend
one-half
of
cent
share has been declared on the no
25 to holders of record Feb. 4.
Feb. 27, one cent; and Aug. 23,
per
value common stock, payable Feb.
Payments during 1943 were as follows:
one-half cent.—V.
The
weekly
corporation
158, p. 386.
for
earnings
of
the
for
Army
The Commercial and Financial Chronicle
the 1942 fiscal year
Air Forces and has
kwh,
the
of
show
to
ended
week
with
of
Southern
&
output
adjusted
Corp.—Weekly Output—
electric
energy of subsidiaries of
this
business conditions of territory
1943, amounted to 224,260,416 as
general
Dec.
207,025,090
17,235,326
for
30,
the
corresponding
8,33%.—V.159, p. 5,
or
week
in
1942,
ar»-
,
Consolidated Cement Corp.—Bonds Called—
The
total
corporation
of
will
be
has
$140,000 of
income
made
trustee,
231
for
redemption
outstanding
due
the
at
called
its
bonds
South
Feb.
1,
Continental
15-year
Salle Street,
La
Chicago,
of
as
1st
at 100
Illinois Bank
Feb.
1,
1944,
&
Trust
111.—V.
Co.,
158,
p.
corporate
2359.
will
company
Co."—V.
Jan.
on
announced
5
that
Corp.—Acquisition—
Weinstein, Chairman and President oi this corporation, which
owms
and operates 14
laundry, linen supply and dry cleaning units
in
the Greater New
York
area,
announces
the purchase on Jan. 3
by Consolidated of the New Jersey Toilet & Towel Supply Co.
of
Newai'k, N. J., one of the largest independent linen supply service
companies in the State of New Jersey which serves thousands of
.
commercial customers in
transition
of
The
York
New
Newark
and
vicinity.—V.
p.
2043.
the
of
$3
shares
of
common
prior preference stock,
henceforth
be
known
Aldens
as
Chicago
stock
par).
(no
company
Mail
Order
Earnings,
10
Net sales, after provision for
Other
income
Ended Oct. 31,
Months
1913
est. adjust, upon renegotiation $32,735,557
!—
..
33,575
—
158, p. 2359.
Childs
':
Co.—Filing of Claims—
Cost
Judge Edward A. Conger has directed all proofs of claim
by indenture trustees and others must bo filed cn or before March 1,
1944, with the trustee, John F. X. Finn. Objections to any claims, the
court ruled, may be filed on or before
May 1.—V. 158, p. 2465.
November—
from
Net
from
Net
ry.
429,301
„
income—
oper.
Net
from
Net
ry.
$687,669
457,342
505,009
317,018
10,094,592
5,973,407
6,560,588
4,740,656
income—
5,342,610
-
%
Chicago, Rock Island
&
;
before
income
1,195,719
—68,151
._v—-----—.X
taxes—;
and
$4,606,836
surtax—
profit tax
other
240,000
—
———:
——•
—
L.j
3,470,000
Cr347,000
excess
contingencies)
33,000
and
422,000
—
309,659
Balance,
surplus
—
$788,836
—....
dividends
Preference
5,896,267
7,685,920
3,985,508
4,926,972
3,270,098"
Earnings per common
—V. 158, p. 2198.
Pacific Ry.
-
$32,769,133
26,898,426
_
———,
profits tax——
Provision for State income taxes, estimated.
;
Special charge (provision for post-war adjustments
:
2249.
p.
Profit
Normal
367,455
11,302,892
•
■
railway
158,
1940
$916,923
648,448
.
.318,004
railway..
oper.
1941
$1,066,064
11,617,782
January 1—
from
——-
—
Estimated post-war refund of
1942
$954,934
:v-
products sold
Selling, administration and general expenses
"Excess
1943
railway
railway
of
r.-,r,—,—
Interest expense
t
—V.
158,
Exchange has authorized the listing of 64,878
cumulative (no par) and 263,437
Stock
shares
heretofore.
as
Federal
Gross
elec¬
M.
Total income
Gross
of
output
System
(electricity
Consolidated Laundries
relisted
•
offer
Chicago Mail Order Co. as announced last Fall is com¬
pleted in this sale book and to its customers throughout the country
the
company
2,
150,607
dividends
Common
131,719
share-..
$2.38
New
—
Records—
.
greatest freight tonnage and the largest-number of
in the history of the Rock Island Lines were
passengers
handled
by that railroad in 1943 according to J. D. Farring-
Chief
ton,
Executive
issued Dec.
In
29
to
Officer,
in
his
New
Year's
pointing out the
road's contribution to wartime
portation, Mr. Farrington also stated that cars
heavily loaded and moved greater distances than
and
that
much
materials
of
of
war.
WE
message
the
vast
volume
of
traffic
trans¬
were
ever
than
in
4,490,000,
and
men
was
Woodford Matlock
more
HAS
that
loading,
BEEN
ELECTED
A
an
increase of 75%
more
than
VICE-PRESIDENT AND DIRECTOR
the number carried
over
OF THIS
CORPORATION
carried in the first nine
were
1939.
Revenue passenger
nine months of 1943
and
,
■
1942, and 300%
of
ANNOUNCE THAT
TO
before
Passengers carried on regular trains, exclusive of suburban
trains, during the first nine months of 1943, totaled more
months
WISH
employees.
great
with about
the
miles of
were
increase
five
in
1,732,000,000
times the
traffic
the same
the first
during
movement
in
1939,
BROAD STREET SALES CORPORATION
handled
by heavier
equipment that was available
was
'*
war.
65
BROADWAY,
NEW YORK
6,
N.
Y.
-
During the first nine months of 1943, carloadings showed
increase of 82,064 cars, or 10% over the loadings for the
an
The
railroad
1942,
29%
and 49%
over
carried
over
1942 'and
over
1939
while revenue
121%
over
32,280,000
tons
ton
freight
volume
in
of
the
the
first
nine
the average car miles per day
p.
months-of
corresponding
1939
this
period,
BROAD
car¬
double
10%
more
carloads.
This Was made possible by increasing the
average
freight loading from 23 tons per car in 1939 to
30.2 tons per car during the current year, and
increasing
the
GENERAL
DISTRIBUTORS:
1939.
of revenue
STREET
INVESTING
CORPORATION
year,
in
NATIONAL
but
January
7.
INVESTORS
CORPORATION
1944.
from 45 to nearly 63.—V. 159,
4.
(Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Spruce St., New York 7, N. Y., BEekman 3-3341. Herbert D. Seibert, Editor and Publisher;
President; William D. Riggs, Business Manager, Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on Monday]. Other
Chicago 3, 111. (Telephone: State 0613), in charge of Fred H/Gray, Western Representative; 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith. Copyright
1944 by William B. Dana Company.
Reentered as second-class matter February 25, 1942, at the post office at New York, N. Y„ under the Act of March 3, 1879.
Subscriptions in United States and
Possessions, $26.00 per year; in Dominion of Canada, $27.50 per ^ear; South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia,
Australia and Africa, $31.00 per year.
NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
William
offices:
Dana
Seibert,
135 S. La Salle St.,
a
mortgage 6% cumu¬
interest. Payment,
and
1950,
generated' and purchased) for
the week ended
1944, amountng to 219,400,000 kwh., compared with
157,200,000 kwh.
for the corresponding
week of 1943, an increase of
39.5%.
Local distribution of electricity amounted to 208,600,000 kwh.,
compared with. 152,400,000 kwh, for the corresponding week of last
year, an increase of 36.9%.—V. 159, p. 5.
Jan.
from
load
with
in
continues
company
before
directed by the War Production Board to operate under a revised
production limitation order which allocated to Cherry-Burrell a large
program of dairy machinery production.
This order, known as L-292,
been
revenue
Cooper-Bessemer Corp.—Listing of Stocks—
cut
are
was
be
earliest
lines.
The
reduction, in earnings was due
company
equipment
the
Chancellor
He
..
increased
will
the
.
period in
since
20,553
is flying a greater number of miles daily than it did
with only two-thirds of its former equipment.
The
earlier ruling
an
word
I.
completely
miles
The
1943,
Department
during the months of July, August, September,
of this year due to shortage of equipment.
1,090,900
same
has
Cola
2,572,981
income...
2359.
p.
mainly to the drastic gov¬
ernment
limitations on the
production of dairy machinery and the
conversion of plant facilities to war contracts, some of which did not
get under way until very late in the fiscal year, John W. Ladd,
President, told stockholders.
*
Mr, Ladd
said that in Sept.,
1943, the dairy machinery industry
tion
of
Traffic
time the
.8,625,809
now
The
Champion Paper & Fibre Co, (& Subs.)—Earnings—
$1,272 008
$798,466
363,107
represents
staple
; v%. "
'
Earnings per
$948,578
390,993
291,846
oper.
158,
From
Iowa—Calls Portion of
Preference Stock for Redemption—
*Net
$1,041,653
333,471
Clinchfield RR.- -Earnings—
Chamberlain Corp., Waterloo,
The
$1,206,306
income—
Chicago Mail Order Co.—Midwinter Sale Book Ready
on
no par value, payable Feb. 1 to holders of record
preceding quarters, the company made distributions of
share.—V, 156, p. 1414.
common
Jan.
declared
have
November,
in
1942.
first
Cola Co.—Cola A Generic Name—
to
The
1940
530,974
The 55th
Co.
Cerro de Pasco Copper Corp.—Reduces Dividend—
The
miles
Cola Co.
its name to
change
in November, 1943,
Chicago & Southern
1943.
passenger
and
its
Delaware
tricity
1941
railway....
railway-
from
Net
—V.
1942
January 1—
Net
to
Central RR. of New Jersey—Name of Sub.
The
railway.
railway
from
name
voted .to
of
carried
November,
November,
space
company
lative
21,523,867 116,941,021
7,109,435
4,436,140
3,521,563
1943
oper.
business.
at 165 Broadway, New York City, will
receive bids for the sale to it of first
an
amount sufficient to exhaust the
of $25,191.85 now held in the sinking fund.—V. 158, p. 1239.
The
these
2249.
from
from
record,
Central Pacific Ry.—Tenders Sought—
until
passengers
over
revenue
in
November
peacetime,
applied
357,531
383,257
income,
p.
ry.
This
''
refunding
secure
armed forces.—V.
$1^,362,852
817,173
November—
.
has petitioned the Securities and Exchange Commission
the proposed issue and sale of $4,300,000 first mort¬
A, 3Va%, • to be dated Feb. 1, 1944, and mature
The bonds are to be offered for public sale by com¬
totaling
same
in
Consolidated Edison Co. of New York, Inc.—Output—
The proceeds from the sale, together with treasury cash, will be used
redeem and retire all the company's first mortgage bonds presently
outstanding
company
the
Included
1940
208,324
railway
oper.
Net
series
1974.
petitive bidding.
3,017,052
2,247,306
compared
January 1—
Net
2248.
Central Ohio Light & Power Co.—To Issue Bonds—
gage
The
in
increase
1,001,499
from- railway—.
Net
for
revenue
Commonwealth
$2,830,141
.
income
cper.
From
Gross
$1,428,456
501,606
The company
of
and
balance
709,608
$210,870
stock....
to
October
Consolidated—Obituary-
1943
.
railway
railway,.
from,
ry.
$2,138,064
$2,096,869
$270,140
$183,130
$130,135
pfd.
158,
Louis,
of
a
unable
472,512
2,285,214
—
Chicago Indianapolis & Louisville Ry.—Earnings-*V.
18.56'X
for
system op. rating from Chicago
Memphis and Jackson, and from Mem¬
report made public for the
the line announced that a total
of
3,713,958
472,512
2,441,906
—
from
Gross
941,400
—i'
Income
Net
the
30
64,085
1,354.900
Gill, President, died at Westfield.'N. J., on Dec. 30,
p. 2249.
r.
,
Net
1,177,854
875,500
deductions
other
&
($100
S.
Net
1,530,000
205,613
287,613
——
450,000
158, p. 1633.
—V.
Gross
against
In
420,479
-
—
November—
1,173,768
taxes...—
303,004
and'Dominion income taxes
Chicago & Eastern Illinois RR.—Earnings—
1,536,000
128,000
profits tax,
excess
as
the
—
Robert
•533,857
1943—12 Mos.—1942
taxes
Fed.
$449,918
State
etc—.;.——.—,
Chesebrough Mfg. Co.,
$978,007 $11,556,307 $10,951,810
374,253
4,670,368
4,288,990
$1,015,964
—
revenue
St.
via
number
total
served
1943—Month—1942
Period Ended Nov. 30—
Gross
$9,214,112
•$684,433
—
-V.
115,497
Central Illinois Light Co.—Earnings—
Operating
of
miles."
passenger
Nov.
against
.
34,371,239
railway—
revenue
through
as
increase
an
par
15,036,212
-
oper,
159,
20,127,680
5,604,823
3,867,512
1,368,523
72,465
income
$9,424,206
$1,414,598
1,156,877
railway—
oper.
From January
$1,937,009
355,850
187,579
$3,029,507
$3,138,652
railway—
was
increase of 28,97%
an'
a
Coca
commissions,
royalties,
($5
surplus
surplus
Earned
1940
;
bonuses,
stock
stock
Capital
Novembe^ and Year to Date
1943
: 1942
1941
This
Orleans
The
,
income
preferred
Common
November—
Gross
pay roll,
local taxes,
Reserve for Federal
executed in New York where the legal rate is 67c,
was
26,366,531
January
passengers
passengers carried over the
total
Coca
!
—
Accrued
and
flew
less
cost
——.U———L——■
Accounts
from
/■
The
New
flew
from
revenue
1942.
are
tained
Total
Ga.,
mortgage
months
2,226,258
55,227
plant, and equipment.
Emergency facilities, -at cost
and
3,677
,003,421
317,740
...
Property,
was
reducing the interest rate on bonds of the
7% to 6%.
The Court said a previous
order setting the rate at 7%
is "hereby corrected so as to read that
the said bonds should bear interest after Feb. 19, 1936, at rate of 6%
Savannah,
of
figures
to
the airline
the
75,976
period
1,715,640
268,021
—■
charges
English
Georgia Ry.—Bond Interest 6%—-
Judge A.
at
consolidated
when
During
carried
shows
1942
$1 352,705
res.
amortization
Court
period,
The
Investment
•
-
notes
demand deposits———
and Can. Victory loan bonds
accounts
deferred
Patents
Central of
Up—
R. L. Heinlnger, General Traffic
Manager, on Dec. 31 stated that
"Chicago & Southern flew 32,568,143 revenue passenger miles during
the first
11 months oi
W43, an increase of 23.52% over the 1942
31
1943
hand and
S. Treas,
Other
1527.
p.
3,019,965
v 748,297
347,352
Inventories
$78,986
depletion.—
31, 1943,
depreciation, and
ended
1,126,376
458,884
$604,963
Advances
Net
Earnings
3,699,853
1,059,502
$779,024
Deferred
:
3,597,688
406,495
$600,616
on
Notes
and
deple, & income taxes
1940
$13,822,805 $13,481,296 $10,664,757
Assets—
U.
production—-
for
Prov.
1941
profits taxes
dividends--.
Chicago & Southern Air Lines, Inc.—Passenger Reve¬
nue
>
phis to Houston via Little Rock and Shreveport.
taxes & mint
$114,984
for
3,266,719
987,471
—
Comparative
Cash
;
profits
$580,976
Ltd.—Earnings-
Gross income—sales less
charges
of
81
income—:—-
Gommon
3 Mos. Ended Oct. 31—
Oct,
1942
$13,479,517
Inc. & exc.
$7,802,000
$8,780,000
1942
Ended
taxes.-
before
Preferred
Cariboo Gold Quartz Mining Co.,
adjustment
no
Years
1942
1943
.
—-X-—-,—..
earnings
159, p. 4.
42,993,378
44,193,918
5,269,455
profit
inc.
Net
Net
involved
Account
1943
22,414,905 269,824,963 232,340,753
17,145,450 225,631,045 189,347,375
27,461,492
21,870,852
which
agreement
an
year.
$
$
$
$
Gross
that
1943—11 Mos.—1942
1943—Month—1942
Period End. Nov. 30—
THE COMMERCIAL & FINANCIAL CHRONICLE
103
operating'
Crosley Corp.—Features of V-Loan-—
The
Two
"V"
novel
loan
•'One
ing
and
novel
Smith, who, with Lewis M. Crosley,
the agreement for the
Secretary,: signed
and
Vice-President
Executive
^
said Mr.
agreement,"
capital
of
Treasurer
the
of
Cleveland,
of
Bank
President
for the corporation through the Federal
according to George E, Smith, Vicethe corporation.
\
features of this credit is an accelerating work¬
arranged
recently
Reserve
corporation.
"The
of
in the $30,000,000
financing features are incorporated
war
'v ••'.■•
.
_
agrees to increase its working capital each year
amount of 50% of its net profits after taxes and
Crosley Corp.
the
loan
the
by
whichever is the lesser,
;
"With
this
accelerating
working capital agreement, there is no
restriction on the amount that can be spent for capital improvements
as long as this working capital, is maintained,"
...
all
charges, or $1,000,000 a year,
line
said,
he
credit,
of
used:
be
will
(1)
working capital
as
It Is not desirable
stock.
or
while
merger
^
This
this time permit
at
the
the
a
referred
benefits
tax
this
and
,
,
out of war production contracts, plus 90 % of the
aggregate dollar volume of its inventories, plus 90%
of the out¬
standing amount of advances and progress payments made and of
termination payments made/plus an amount of $3,000,000 or 5%
of
the monies to become due on unperformed and uncancelled war con¬
ceivable
arising
Gross
credit which
It is antici¬
off the $11,000,000 "V"
Corp. previously had an $11,000,000 line of
been used to provide working capital for war business.
The
had
Crosley
that the company will immediately pay,,
pated
by drawing funds against the new agreement.
•
"In
addition, it will be necessary to increase present borrowing
for immediate working capital requirements," Mr. Smith said.
"Our
loan
expanded
line of
the
necessary
Net
went into
war business
with approximately
working capital," he pointed out, "and will do,
approximately, a volume of $80,000,000 in 1943.
"
■ 1 <■
'.V J
"In other words, the company will turn over its own working capital
som<>
twenty times during 1943.
Few companies in the country have
turneel
over
their working capital to such an extent.
"At the present time, The Crosley Corporation has over $150,000,000
"The
of
unfilled
of
Corp.
Crosley
$4,000,000
its
own
orders
books."
its
on
agent bank.
of Cincinnati,
Trust Co.,
Union
participating
banks
are
Cudahy Packing Co.—Annual Report—
The
158,
1635.
p.
-
,
s
,
the
of
excess
submitted
authorized
the
to
arrears
that
at
$35.88
by
of
Air
Jan.
old
the
in
received
than doubled
in
increase
an
for
The
The
to
Coll.
trust
the
in
'
\
for
the
1943,
an
71.5%.
year
11.4%
1943 mounted
over
last
revenues
1943
315
was
In
of
expenses
Maintenance
366
was
miles.—V.
miles,
158,
16.19%
a
gain
1439.
p.
Federal
and
—Allen & Co., New
York
Jan. 6 offered 91,577 shares
of common stock (no par value) at $18 per share.
The
stock was awarded to the bankers Jan. 3 on their bid
of $15.50 per
on
/
The proceeds of the stock offered
Ogden Corp., parent, and not by
Derby Gas & Electric Corp,
;
share.
received by
be
to
are
,
Transfer
The
Manufacturers
agent,
Marine
Midland
Trust
Co.,
Trust
Co.,
for
Prov.
for Federal
profits
.
York.
New
Registrar,..
Net
New York.
—V.
Purpose
offered
Offering—The
of
issued
are
the
for
and
of
account
the
91,577
shares -of
stock
common
outstanding shares and are
corporation.
The shares
by
Other
being sold by
part of its plan to dispose of its public utility invest¬
the Public Utility Holding
Company Act of
1935.
Ogden Corp. will pay all the expenses in connection with the
registration and sale of these shares.
: v. ;
;
v
- v':"
Ogden
Corp.
ment?
in
159,
as
accordance, with
is
21... This
Feb.
licensed
to
do
business
Corporation is
shares
Co.
of
(the
a
stock
formed
the
in
in
States
Delaware
of
Delaware
28,
and
1926,
Nejw
is
Jersey.
registered holding company and owns the outstanding
of Derby Gas and Electric Co., Wallingford Gas Light
operating companies), and Derby Gas and Electric Corp.
(inactive), all of which corporations were organized
Connecticut.
All
ture dated Oct.
62.46%
of
the
outstanding shares of the two operating
directors' qualifying shares
pledged under
Corporation is informed that Ogden Corp.
1, 1941.
wholly owned
Utilities
Corp.
subsidiary
&
Power
in
turn
investment
Light Corp.,
is owned
by
Atlas
in
owns
of the
Corp.
and
company.
through
a
wholly owned subsidiary,
the
and
American
•
a
first
'
•
corporation
to
be
organized in-1926, to hold the stock
On Jan, 4, 1937, Utilities Power
Light Corp. filed a petition for reorganization under Section 7 7B
the Bankruptcy Act, alleging its inability to meet its indebtedness
the
it
two
operating
The
matured.
until
Nov.
companies.
parent
was
continued
in
possession
of
its
of
as
property
1937, from which time until Jan. 2, 1940, successive
and
operated the parent's property.
A plan of
of Utilities Power & Light Corp. was proposed by Atlas
Corp. providing for the organization of a new Delaware corporation,
Ogden Corp., which was to acquire the assets of Utilities Power &
Light Corp.
and issue new securities in exchange for such claims
3,
controlled
trustees
reorganization
against and securities of Utilities Power & Light Corp. as were entitled
receive such new securities.
That plan, as amended, was approved
by the SEC and by two-thirds of the creditors and stockholders entitled
Power
The
&
&
Power
above
219,742
203,6J3
132,851
,
to
thereon
vote
and
confirmed by the U. S. District Court for the
Illinois, Eastern Division, on Jan. 2, 1940.
is not an operating company and its present inten¬
was
Northern District of
The
tion
corporation
is
to
stances
and
continue
make
its
two
it
as
a
possible
operating
holding
and
company
desirable to
subsidiaries
into
until
such
consolidate
a
time
the
Connecticut
as
circum¬
corporation
operating
company.
The corporation
combined
inability to
as
to
and its two operating subsidiaries have not been
single Connecticut operating company because, of the
meet the desires of the P. U. Commission of Connecticut
into
a
the amount of indebtedness to be placed on
the
new
Connecticut
the
of
out
a
company),
total
of
300
Statement
SI).
for 9
the consummation
Upon
will
Inc.
~
•
.
be
wholly-
a
%
.
Ended
Months
Sept.
30, 1943
transactions)%777
$4,247,735
'
3,038,396
'
829,044
$380,295
$395,809
amortization..
and
taxes
based
before
net
income
159,850
interest----/----—-7--7-777-
for
the
158,
Jan.
on
■
this
Pittsburgh,
Coif'
Pa.,
a
■:
■
v:/
The
\7'■ •••77,7■; 7"'"' 777" 7'- 7-'7
*''
Dividend—
Associates—Extra
Group
acquired
old wholesale
7 J;//;,-7":t;
100-year
7-7:/
'7:%%■=■■■■
:
21 233
M&sAcquis.
has
company
2579.
p.
v">•':
*
that
3
7,408
$152,196
-
—
,
-rj
$144,783
to minority interest—.
period
stock—-
preferred
on
91.171
— —
income.
on
minority
announced
17.
A
157,
p.
made
was
131.
Jan.
on
/
30,
last year,
Assistant
7-\;
the
$5,114,304
*
1943—12 Mos.—1942
$4,520,168 $59,037,424
1,950,281
$50,600,395
income
3,453,217
443,165
5,396,758
5,234.937
925,325
12,223,924
9,025,548
380,883
361,728
4,703,020
4,327,772
$987,707
-.r--
18.059,732
3,764,320
979,116
taxes-
21,387,729
272,161
450,105
7
1,542,186
366.212
$975,594
$11,561,674
$10,499,189
Dr31,229
46,441
Dr325,934
'-
'■
316,611
amort.-—
315,787
3,864,640
3,774,443
$675,225
and
Interest
$944,365 $11,608,115 $10,173,255
$991,836
$628,578
$7,743,475
$6,398,812
$208,543
:
-
div.
'
2,154,566
$4,244,245
16,715
18,554
$5,582,149
minority interests—
Amount applicable to
2,144,611
$5,593,865
—\
requir..
Balance
$4,225,691
••::•
Bali'applic. to Engineers Public Service Co—
Amort, of disc.
eppl. to bonds of sub. owned
.
672
parent,"deducted above—
•
from subs. incl. as deductions above:
Earnings
'.'77'
,
of
Interest
'
47,187
182,916
$4,515,382
——
470,039
413,497
$5,449,070
$4,101,886
interest.
and
taxes
63,650
$5,919,109
sources.——
———w-—
Expenses,
58,917
223,310
———
from/other
Earnings
client
declared—,—49,9°9
dividends
Preferred
Total
inputs
System
4,129
income—net
Balance
President.- -V.
the
to
v^/h-V'
1943,
.
1943—-Month—1942
operating rev-
Other
Official—
Co.—New
10,
distribuLon
extra
1942.—-V.
31,
taxes
Net
dividend of 50 cents per share, pay¬
d.strlbutlon to be made on the stock,
'■
m'lar
s
Jan.
on
Eclance
Ebasco
Light
■
~
..■
———Increase
1943
Corp.-%jnot
include
1942
Amount
187,180
92,432
94,704
Light Co.——
Light Co.——
do
Balance
Co.,
—
158,953
79,519
84,540
28,227
12,913
the System
,%
17.8
16.3
12.0
10,164
inputs of any com¬
Divs.
applic. to stocks of E.. P, S. Co
for
Earnings per
common
common
2,256,084
stock and surplus.-/—-
$0.97;
.1943
$4,018,316
:—
revenues
$1.67
(Parent Company Only)
/./'/• ';
'
12 Mos. End. Nov. 30:
Total
$1,845,801
/share^//^-,/-.—-/^/----' ,vy.
Comparative Income Statement
/
2,256,08.4
$3,192,986
P. S. Co.,
pfd. stock of E.
on
Balance
-H:
Expenses
1942
$2,792,6
245,642
income taxes.——«—*%_*—•/
211,234
taxes——'—.—.13,102
Interest
*•«"---■
'
61
279,1
131,0
Federal
panies not appearing in both periods.
For the week ended Dec. 23, 1943, the system
inputs of client oper¬
ating companies of Ebasco Services, Inc., which are subsidiaries of
American
Power
&
Light Co., Electric Power & Light Corp. and
National Power & Light Co., as compared with the corresponding week
during 1D42 were as follows:
"/
'
: ' %
,
Other
;•/ 3,1
-
.
/^.
Balance
—_
$3,548,277 '
$2,379,104
2,256,084
2,256,084
surplus——-
$1,292,193
$123,020
stocks
$0.68
$0.06
dividends—
Preferred
'
Thousands of Kilowatt-Hours-—-
to
"
by
held
par)
Studios,
•
7.
32,500
—jrr——j~,'/
$310,553-
$375,082
appointed
Dec.
Light
figures
Vogue-Wright
7
V'7 249,784
:
.
American Power &
being
(no
declared an extra dividend of 25 cents per share
regular quarterly dividend of 25 cents per share on the com¬
stock, no par value, both payable Jan. 31 to holders of record
Federal
:
•'
National
the
of
subsidiary,
$623,680
:•:
Operating Subsidiaries of
Electric
acquisition
company's
15,
Depreciation
of
&
shares
stock
stock.(par
common
Maintenance ;
1,617
$733,930
,
the
caused
such
Operating "revenues
Operation
■
Stove
been
&
Power
num¬
■."-'v.
Engineers Public Service Co. (& Subs.);—Earnings—
Services Inc., which are subsidiaries
Electric Power & Light Corp. and
National
Power & Light Co./ as compared
with the corresponding
week during 1942 were as follows:
\
•'•/''
V'-''•••': —Thousands of Kilowatt-Hours—
of
com¬
total
^/—//Z^——
paid
Preferred
of
companies
operating
the
the
7,200
of
the
,
authorized
in
of
notice
the
Other
$703,560
$271,697
V .sJ-V
ended
listing
official
stock of
income
for
was
Jan.
$622,032
7,047
246,253
;'..'7
week
.
(250 shares being held by the company).
transfers, the company proposes
to issue
:
Employers'
Services, Inc.—Weekly Input—
Ebasco
For
7
;
■/V:."
deducting inter-company
7'v7:
117,586
;
$726,832
.Br3,433
—
the
has
plus
pro¬
i.-—
132,773
^85,224
1440.
p.
com¬
inden¬
an
of the voting securities of the corporation and that 75.9%
voting securities of Ogden
its
are
158,
Kaiser
A.
the
upon
minority
Ely & Walker Dry Goods Co., St. Louis,
of
Connecticut
panies except
Fred
(1,000
Period End. Nov. 30—
:
$709,933
62,770
Detroit-Michigan
1943
•
interest
155, p. 2006.
bv
July
26,
common
Income
income
Dividends
—V.
,
Corporation—Corporation
its
its
Consolidated
mon
1931.—V. 157, p. 1842,
s.nce
the
126,378.
—
income
Net
87,538
171,560
declared
have
directors
The
able
$1),
(par
of
Proportion of net loss of sub. applic.
97,246
$505,967
%;.,•
par
now
:•
(including sundry taxes and other deductions)—
Provision
Cleveland Navigation Co.—Resumes Div.—
&
institutional
an
outstanding
of
(after
Depreciation
'
■j
2578.
p.
Detroit
which
income
Total
.
116,233
125,553
130,239
—
or
of
of
Operating
1940
102,770
:
3,464
tax_
being
offered
not
are
with
826,345
$502,503
income—
under
authorized
has
stock
stock
transaction,
Expenses
excess
tax
$2,-
forward
go
/ ' v
subsidiary. •'•',
Cost of sales
$1,750,780
120,254
■
—
inc.
Fed.
Prov.
Nov.
on
and
shares
such
and
973,634
93,000
deductions.—/
Income
for
Arbuthnot-Stephenson
1941
100,830
income-
income—
Gross
stock
of
company
the money by acquiring at
of debentures, which the company
acquisition
outstanding
Consolidated
misc.
income————
preferred
be ready to
may
agreement
an
Exchange
minority
house.—V.
$2,055,414
85,600
%
/
taxes———
Operating
Other
company
common
applied
shares
Net sales
Derby Gas & Electric Corp.—-Common Stock Offered
"■
the
*
Ap¬
\7?.■•= 77
y: y
cumulative
by
To
company
in
Outstdg.
1,140,945
'
'934,448
—
————
local
State,
of
consideration
It
$2,223,986
$1,716,383
for depreciation-
Prcv,
in
Curb
Amount
-Years Ended Dec:. 31
1942
retirements—
for
5%
the sale
Weaver
The d'rectors have
•
Operating
J /l7j>',:77j7.;;:7.:.
approve
E.
Holders
158, p# 2360.
thereof
and
50
owned
V
.
York
directors
7,200
Sabs.)
(Inch
Income
"
in
and
;
—
the
the
shares
shares issued
—
9 Mos. End.
Operating
J.
'
directors,
159, p. 6.:- '•"•
shares
issued
$3,500,000 *$2,675,000
— 300,000 shs.
146,606 shs.
1944, by operation of the sinking
1,
Sept. 30/43
which'was
1942,
. .
Authorised
-
Statement of
Consolidated
Prov.
haul
figure
fund.
•
1949-/
par)-
$2,600,000 on Jan.
to
all-time
new
a
(no
."
series due
3%
debs.,
stock
^Reduced
'■
President.
of
subsidiary, Vogue-Wright Studios, Inc., making the
The
paying
Amount
'
#.
board
Vogue-Wright Studios, Inc., Chicago. ; Such minority interest comprises
500 shares, of preferred stock ($20 par), out of a total of 1.500 shares
shares
'•
-
118,463.
passenger
when
factor
carried
passengers
106,336
average
1942
over
of
load
and
■
88.76%' for
averaged
the
over
33,357,957,
-:
■
factor
load
24.1%
number
The
year's
company.
system
year—from
last
over
common
of
the
Vice-President.—V.
a
•'
t?
17,
that
lend
will
New
of
remaining
Capitalization As of Sept. 30, 1943
'--
'-
-
,
Common
30.4%
of
of
,
increased
the
increase
.''/it'
1943
104.9%, with a total of 230,928,859 pound
miles for 1943, compared with 112,667,773 pound miles in 1942.
Delta
Air Lines flew 43,500,567
revenue
passenger miles
in 1943,
high
for
and
91,577
.The
offered.
office
of
Stores, Inc.—Preferred
resulted
have
outstanding
the expenses of
of common slock, the
preferred shareholders
stock for each share of preferred.
stock,
preferred
Ogden
being
now
profits
excess
ber
Ogden Corp. in reduction of the $5,000,000 of indebtedness owed to Ogden
Corp.
In exchange for the remaining $2,250,000 due on" open account,
for
all
the
old
common
stock which Ogden owned, for its 14.7%
reorganization,
$310,184
and
pany's
.
interest
$310,090
income
Chairman
the
elected
been
order
issuance
the
made
advances
represented
$38,815
Electrographic Corp.—Additional Listing—
share.
1937,
hold
to
to issue.—V.
The
Corp.
13,
197,717
include
not
elected
interest $2,000,000
additional
originally by Utilities
Power & Light Corp.,
Ltd., a subsidiary of Utilities Power & Light
Corp., the predecessor of Ogden Corp.
Such advances were applied
by the corporation to the retirement as of Feb. 1, 1937, of the first
lien gold bonds, 5% series of 1949, outstanding under a trust indenture
of Aug. 1, 1926.
>
•.
-"•' ' v-;
Under
the
plan of simplification, as • approved by the SEC and
declared effective Oct. 21,
1941, the corporation, as reorganized, has
an authorized capitalization
of 300,000 shares (no par) common stock
(of which 146,606 shares are outstanding)
and $3,500,000 collateral
trust debentures 3% series due Oct. 1, 1949 (of which $2,600,000 are
outstanding).
As collateral security for such debentures there was
pledged all of the outstanding capital stock of Derby Gas and Electric
Co.
and
Wallingford Gas Light Co. excepting directors' qualifying
shares.
Corporation
sold,
for the full principal amount
thereof,
collateral trust debentures in the amount of $2,750,000 to the Equitable
Life Assurance Society.
The proceeds from the sale were paid to
.,
537,594,140.
express
time
Ogden Corp. in the principal amount of $5,000,000 on open account.
This indebtedness which bore interest at the rate of 5% per annum
from
$507,961
197,176
corporate
20,000
per
Ogden
been
Jan.
on
that in
poses
to
31, 1943,
compared with
1942, Delta Air Lines reported on Dec. 30.
:,\y
Mail pound miles (flying one pound one mile)
totaled 1,355,881,897
for
the
12
months
of, 1943,
an
Increase of 152.2%
over
the 1942
total
these
of
assets
All of the outstanding • common stdck was
which also owned. 3,064 shares of $7 dividend
preferred stock and 93 shares of $61/a dividend preferred stock or a
total of approximately'14.7%
of the outstanding preferred stock of
both such series.
Corporation had no funded debt but was indebted
stock
held
$507,266
post-war program at the right time without placing any strain on
financial position, the board of directors feels that $2,000,000 of
additional long-term capital should be obtained.
He stated that nego¬
10, 1940, the corpora¬
simplification.
The
consisted of 50,000 shares (no
for
plan
a
received three'shares of new
more
express
net
'•>
1943—8 Mos.—1942
its
Ga>—Makes New* Re&ird—
Atlanta,
air
and
the
to
'
•.
its
share of both classes of preferred stock had a voluntary
value of $100 plus dividend arrears.
As at Sept. 30, 1341,
the $7 stock equalled $38.67 per share and on the $6V'2
on
stock
Air Lines,
of
value
:
of,3%% sinking fund debentures/due Jan. 15, 1959.
letter to holders of the 5% preferred, *Harry
Edison,'President,
a
said
Each
stock.
•
mail
book
has
Bros.
held
be
In
v
and 50,000 shares
(no par) common.
There
shares of $7 dividend preferred stock, 1,500
dividend preferred stock and 50,000 shares of common
$61/2
of
liquidating
President of the Manufacturers & Traders Trust
Co.
of Buffalo, N.
Y„. has been elected to. the board of managers,
succeeding Carl P. Dennett.—V. 159, p. 6.
f
'
Delta
books of
stock
preferred
outstanding
shares
SEC
capitalization
pari
were
Lewis G. Harriman,
Air
the
Reorganization of the Corporation—On Sept.
tion
.
.
in
do
special meeting of holders of the
000,000
operating companies.
two
.
bondsf
2467.
p.
continue
investor
Delaware, Lackawanna & Western RR.~New Member
of Board of Managers—
A
accrued
$3,431,454.
V.
amount
the books of .the
on
the
$61,269
22,454
$33,415
Bond Issue—
prove
Will
tiations
:4<V)
reports net earnings for the year ended Oct.
company
In
will,
probability, be subject to amortization out of future earnings.
This represents a gain of $79,172 over the fiscal year
ending Oct. 31, 1942.
Earnings per share of the common stock were
$6.10.
In' 1942 earnings per share of common stock were $5.93.—
of
carried
now
as
1
interest
Rolling Mill Co.—Election of Officers—
Edison
such
it.
placed <bn
be
158,
Downey
companies that any regulatory body would permit The Derby Gas and
Corp. of Connecticut to set up on its books would, in all
follows:
as
and
which presumably would be
Commission of Connecticut,
U.
P.
value
Any
Bankers Trust Co., New
York; First National Bank, Cincinnati; Cleveland Trust Co., Cleve¬
land; Continental Illinois National Bank & Trust Co., Chicago; Bank
of the Manhattan Co., New
York; New York Trust Co.,- New York;
Central
Trust
Co.,
Cincinnati;
National City
Bank of Cleveland;
Indiana
National Bank
of
Indianapolis,
Ind.; Mercantile-Commerce
Bank
& Trust
Co., St. Louis; The Union Trust Co. of Pittsburgh;
Mississippi Valley Trust Co.. of St. Louis.—V. 159, p. 5. • Other
into
A.
Electric
'Vvyy.;.
.
would
companies
'
.
of
,
25,311
expenses
Treasurer, has also
merger has been
Connecticut acquire
two operating com¬
companies
operating
;
accrued
surrender
upon
$58,726
earnings----..-.;'.
Eastern
J.
Derby Gas and Electric Corp. of Connecticut at a value approved
the
the
.
is the agent bank
on
this credit agreement, which became effective on Nov. 15, 1943,
and runs until June 30, 1C46.
Sterling B. Cramer, First Vice-President
of
the Fifth Third
Union Trust Co., signed the agreement for the
Third
Fifth
The
The
the
merge
of those
assets
the
event
then
and
panies
obtained
1943—Month—1942
,
Note—Operating
or
companies could be merged.
such a consolidation
Gas and Electric Corp. of
corporation the capital stock of the
Derby
at. the New York Trust
price and
2578.
p.
expenses—
taxes.—V.
a
accomplishing
The
the
from
the
in
increase
present $30,000,000 figure.
the
to
made
has
production
war
credit
of
two
have
by
lower."
is
whichever
tracts,
the
as
be
may
earnings
Operating
vehicle into which
One of the proposed
alive
kept
methods
to
so'that it might be used
operating
is
,
158,
savings.
tax
portion of the credit is 3% per annum.
"The borrowing formula is also a novel arrangement/
he pointed
out.
"The Crosley Corp. may borrow 100%
of its net accounts re¬
borrowed
date
Period End. Nov. 30—
the
At
redemption
redemption
East. Kootenay Power Co., Ltd.—Earnings—
/-
present time the corporation carries
its investments in
subsidiary
companies
at
an . amount
equivalent to approximately
$2,540,000 in excess of their book net worth, as adjusted,'', at Oct. 21,
1941.
The Derby
Gqs and Electric Corp. of Connecticut was formed
war
of the
payment
the bank,—V.
to
unless
continue
to,,above
would outweigh
which
arise
production; and (2) as insurance against tying up company
working capital due to contract reductions and terminations.
The
commitment commission on the loan is btpe-quarter of 1% per annum
on
the unused portion of the credit,
and the interest rate on the
for
interest. Payment will be made
100 Broadway, New York City.
consolidation
effect any transfer of assets,
to
circumstances
additional
on
and
trustee,
Immediate
Connecticut operating company.
If
such amount is less than the principal amount of the debentures of
the corporation outstanding at the time any such consolidation might
be proposed after giving effect to the interim reduction in such prin¬
cipal amount made through the operation of the sinking fund and
through redemption of debentures, any differential in the amount of
debt might be retired at that time through the use of cash then on
hand or might be permitted by the Commission, to be retired over" a
reasonably short time out of future earnings.
'•■%
>
.To the extent that such differential cannot be retired by either of
such methods, the necessary reduction in debt would have to be made
by funds raised through, the sale of preferred or additional common
might
101%
Co.,
known
is not
It
at
and because of certain tax benefits which accrue
through the filing of a consolidated Federal tax
what amount of indebtedness the Commission
company
corporation
return.'
issued the following statement:.
has
company
the
to
:,
Monday, January 10, 1944
'
•
/
_■
Operating
Subsidiaries
American Power &
Electric
The
&
Pwr.
National
Pwr.
above
Light Corp—
&
Light
figures
1943
of—
Light CoCo—
Increase
■
•
203,782
101,530
105,690
32,563
19.0
17,143
'
10,309
not include the system inputs
both periods.—V. 158, p. 2579.
do
panies not appearing in
Pet.
Amount
1942
171,219
84,387
95,381
of
Balance
20.4
for
&
stock
Earnings per share of common
—V. 158, p. 2361.
.
any
com¬
(The) Fair,
A
Service Go.—Bonds Called—
Feb.
r-.ll
Al!
cue
of
the
Anni
outstanding
1949.
have
refunding mortgage 7%
been
called
for
gold bonds, series A.
redemntion
as
of April
.
10.8
dividend
cumulatioins
Durham Public
//
common
1.
1944.
1
to
Chicago—$1.75 Accrued Dividend—
of $1.75 per
on
the
7%
share has been declared cn account of accumul. preferred stock, par $100, payable.
20.
Payments during 1943 were as
holders of record Jan.
TV/Tr.™
OA
Volume
v
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4245
159
effect upon
Firestone Tire & Rubber Co.—Annual Report—
Jchn
of
Proceeds
Thomas, Chairman,
contracts.*
war
Ti'V
■■
During the year,
a
and
since
Rich¬
Tex., and an ordnance depot at
and Port Neches,
said.—V. 158, p. 1033.
together
General
-
;
:■
■
!
:
-
increased.
of $55,000,000
Public
investment
of
armed
the
of
be
1,
1944,
dated
The debentures
to
are
12, Noon
to
the
(EWT)
Jan.
on
rate.—V.
coupon
159,
bid
Each
10.
for
the
bonds
shall
of
specify
;
at
:
stock
A
dividend
of
$550,000 will
declared
be
approval by the stockholders: of
lowing
after Jan.
by
the
charter
a
amendment
fol¬
shortly
1, it was recently announced by Charles E. Becker, President.-
dividend is
stock
Consolidated
■■
our
declared
1943
'
•
J
v;
-
J
'
■
and
there
-
The
York
Stock
shares
of
number
has
9%.
taxes'.—V,
158,
$540,809
•
Profit
Other
from
oper.—
of class"A common "stock
executed
(no
796,597
1,039,106
58,360,073
36,949,831
income————
stock,
William
to
the
at
H.
said
agreed
value of
Total
income
fProv.
Frov.
•
:j:\
• ——»■
:
792,644
i«
'
——-
is
announced
2,131,870
'158,607
86,141
19,162,461
14,262,604
Federal
6,650,000
1,500,000
11,262,428
8,652,608
3,000,000'
,
—
income
profits
cess
Other
12,481,130
profit ^i--i-I^-- iil5,183,383
6%
preferred dividends v 2,724,774
Common dividends
3,872,829
Net
——
of
$3
shares
30,000
quarterly,
of class A
share, for the
per
Dec.
15, L.
Federal
for
'•
in
$8,599,287
Sheet,
Balance
v/;;;
-
'
$
Customers'
Other
"Total
etc._v—
contracts,
Government
assets
Deferred
——
63,049,712
contra
3,476,495
9,096,336
.——
Division.
and of
series ~A—_—45,412,900
stock,
'
'
Minority stockholders' interest
in subs.iA*-—••
.
loans..——-—
Advances under Govt, contracts, contra
bank
Accounts
payable
Accrued
—
accrued
payables,
unfilled
items and
deposits
become
Sloan
of
directors.—V.
•145,400
5
31,847
1,855,228
•
•
*'tl•'
•J. 59,194
income.--'— v.- $119,092
$142,496
$1,339,546
$1,336,805
277
7,272
Or 1,108
$1,346,819
$1,335,697
527,540
Capital
surplus
Earned
surplus
$142,773
43,896
44,756 :
'
In
1942.
tAfter
of $51,435,333 in
$30,601,500 U. S. Treasury
be
Jan.
on
of
operated
'
133,671
$685,607
of
Kurz,
the
Company
has
of .450,000
filed
a
shares
i
.
——
Harriman
It
is
Ripley
&
Co.,
Inc.,
underwriters.
of
the
Natick
shares of G%
Provision
that
and
Otis
&
Co.,
G-E
planes
of
Board
&
Box
has
Co.,
acquired
are
Dec.
1,
Natick,
cumulative
retirement
through purchase
41/2%,•■•series, preferred stock
to
in
1944.
—V.
159,
The
p.
public
7.
;
price
will
for
be
each
year
supplied
by
A
and
Blodget, Inc.,
on
Jan. 5 offered 18,000 shares of
cap¬
ital stock at $25.50 a share, with a concession of 75 cents
a share to
dealers.—V. 158, p. 289.
/
A
proposal to issue and sell $16,500,000 of first mortgage bonds and
$4,000,000 of 3 »/4 % series debentures was filed by corporation D?c. 31
with
the
Securities
Commission.
The
debentures
will
be
sold
to
John
Hancock life Insurance Co.
-The financing is part of a
refunding program which will be put into
of
charge
dis¬
Committer
Administration
President of this
Vice
as
15," was
will
announced
continue
as
corporation,
by Alfred
Jan.
on
member
a
5
of
the
board
>
-
Rubber Co.- -Listing
of 4 V2 % Cumu-
Exchange has authorized the listing of 65,000
cumulative
preferred stock
(par $100)
which are
158, p. 2580.
(Including Statesboro Northern
'
Ry.)
1943—11 Mos.—1942
1943—Month—1942
$1,630,543
1,337,111
$19,480
$407,925
$293,432
9,233
104,552
100,124
65,418
60,782
oper.
from railway
rev,
$32,885
10,347
accruals,,:
tax
debit
rents—net
9.307
.
4,201*•
'
■
of
Co.
from
which
in
turn
$1,000,000
America,
$500,000
is
a
to
a
Net
1,987
ry.
Gross
subsidiary of General
of the Gen¬
$224,787 "'r $123,135
,
330
$11,994
4,726
$4,633
328
applic. to int.,
$220,061
;
12,105
8,678
$4,963
$12,322
Deduct, ;fr,om income,,,
856
■
$111,030
$216,109;
;
$4,107
1,077
income
.inc'ome
21,496
21,846
1,939
.
$11,245
income,
oper.
Non-oper.
subsidiary,
and
$1,000,000,
•
3,672
/
subsidiary
a
$1,200,000.
to
rents—net
facil.
Surpl.
$119,463
.
'
7.
p.
to
35,000
which
feet
fighting
enables
more
or
into
the
and
Graham-Paige
bombing
is
substratosphere,
A
activities
research
and
contributions
its
holders
$100
..
•
control
zero-center
switches
158,
p.
consists
of
a
rheostat,-coarse
required
variable-voltage
and
capacitators—all
indicating
instrument,
conveniently
are
fine
in
control
located'
on
transformer,
-balance
mounted
the
.
a
rheostats,
control
portable,
knobs,
front
and
of
steel
the
the
case.
neces¬
panel.—•
2580.
General Gas & Electric Corp.—Asks SEC to Approve
of Holdings of the Tide Water Power Co.—
Sale
The
corporation
115,789 shares of
of
•
of $10 per
ties
action
of
Division.
General
General
the
sale.
represents
a
.
victory for the SEC Public Utili¬
had
planned to sell the stock to Bell for $55,000 and the transaction automatically would have been exempted from
provisions. of the Act and the Commission's Rule U-44 which require
a
public utility to receive approval of the Commission in sale of prop¬
except in case of transactions where the amount involved is less
erty
$100,000.
Division, asked
the Commission to remove the exemption in the present case, contend¬
ing that the rule was promulgated by the Commission to relieve it of
the burden of considering small transactions and was never intended
to cover the sale of control of a $13,000 000 corporation
The Commission held an oral argument in the case some weeks ago
and subsequently removed the exemption which made it necessary for
,
I.
Bursten,
counsel
for
the
Public
Utility
by
stock
preferred
7%
stock
maturity
no
The
has
board
the
asked
are
to
been called for Jan. 12 to
of directors under which
extend the maturity of the
stock
a
would receive three shaves of new $50
and $25 in cash in exchange for each
new
class A preferred shares would
The
but
date
would
be
callable
share
RFC
of
held.
on 30 days' notice.
has: extended the maturity
$970,000
from
Jan.
10,
at
par
premium
plus a
'
:■
' ' '
date of the company's
1945,
to
•
.:
1
present
1947, and has
loan, according to
10,
Jan.
more favorable terms for liquidating the
Hodgson, President.
Arrangements also have been made for a $4,000,000 regulation VT
bank loan, he declared.
.
,: - As
of
Oct. 1, 1943, the preferred stockholders' claims against the
assets
of
the
corporation
totaled $778,497,
or
$180.50 per share,
granted
Ray
.
according
to
claim
all
and
has petitioned the SEC to approve the sale by it of
stock of Tide Water Power Co. to Warren W.
applicable to
advanced
class A preferred stock
of
of $2.50
(if
Mr.
Hodgson.
The proposed plan would liouidate
stockholders accept it) for $107,825 in
preferred
in class
$646,950
Green Bay &
Wilmington,
are
stockholders
of
preferred
7%
par
5%
share
common
N. C., for $55,000 in cash.
The stock has a par
share and represents the entire issue of common stock
outstanding;,'V
"■1
/ -p "'i..' >.
General Gas states in its petition that it believes Section 12-D of the
Public Utility Holding Company Act of 1935 and Rule U-44 of the Com¬
value
of
Corp.—Exchange Offer—
Motors
meeting
plan
a
present preferred shares to Oct. 1, 1949.
■
V.
Under the proposal, holders of 4,313 shares of presently outstanding
to
a-sensi-
comparator
the
sary
•
on
loan
tivity
V.
special
vote
have
David
Refunding—
in
Motors
1,478,322
magnetic comparator for controlling the quality of ferrous
of the same size and shape, has been announced by the Special
Division of the General Electric Co.
The
than
! Florida Power Corp.—Plans
General
125,093
?
announced that the capital
Dec. 30
on
'
,
new
parts
The
Offered—Stone & Webster
of
155,766
par
mission
First Boston Corp.—Stock
has
years.
revenue.
Wash.—Subsidiaries
Announces New Magnetic Comparator—
for the
value; of
commencing
amendment.
mem¬
charge of sales for the Chevrolet Motor
debit
an
The
;
Vice-
a
.
Stock—
operations
,
(cumulative)
offering
•
fund,
as
retire
Stock
4y2%
v y
Equip,
-
1943,
turbosupercharger,
ascend
history, ' its
named as
of $1,200,000 par
redemption,
or
retirement
15
continue as
$1,886,246
Ry.
158,
progress.
Bell
annual
Jan.
•.
$144,574
Mass.,
'
.
Casualty' Co. of America,
America,
American
■
a
that
$188,651
Net
attractive, new 32-page bulletin (GEB-132) recently
by this company.
Entitled "They're Turbosupercharged," the
publication :»is., the: latest
addition
to
a
series
describing. General
the
for
made
of
;
issued
cumulative preferred stock.
is
•
2580.
p."
issued and outstanding.—V.
the
division.—V.
Board
Seattle,
Corp.,
Corp.,. from
the subject of
vvv:;-";
Inc.,
prudent
Railway oper. expenses.
company
&
Box
Natick
as
this
National Insurance
of
as
General
Co.
America
The
proceeds .from the, sale of the new issue,
together with additional funds of the company, are to be .applied to
the redemption on March 1, 1944, of the presently outstanding 454,129
planned
of
as
will, however,
corporation's
He
Period Ended Nov. 30—
ferred cumulative stock.
principal
New
—-V; L59,
statement with the SEC for an
par value) of 4l/a%'
series pre¬
registration
($45,000,000
foreseen
now
1637'.
p.
General Electric Co.—Issues New Publication—
Registers. $45,000,000 Preferred Stock with SEC—
:
will
Grant
in
Jan.
&
York
175,245
,
that
3
Vice-President;
First
and
issue
158,
The
$734,609
219,056
*
.'
increased,
1943 and $45,976,467
tax notes.
H.
,H.. Grant
on
Chairman.
Preferred
Products
"After reserve for depreciation
the officials
a position to
be in
158,
will
contemplate
not
165,165
12.360
$86,516
9,065
/
business
and
that
263,673,195
——
—-
do
amount,"
may
authorized."—V.
the
of
R
effective
Jr.,
General Tire
shares
$120,311",..
_
Electric's
28,317,370
the company
funds-
additional
that
of
directors.-
lative
2580.
will
Insurance
24,030,103
18,470,736
taxes..-—— tl5,457,353
plans
present
"
>'•
announced
Felix I'.
433,526
2,865,531
273,970,591
1
AJH'
_
p.
2252.
stock
13,348,765
——
'.Total
1,219
:
Increase Capitalization—
18,463,873
14,608,499
2,365,070
56,366,071
local
State and
net^„—_
V-vh.
.
22,
fund
435,922
649,539
■
19,308,110
2,769,270
—————————64,951,850
Federal,
of
its
excess
directors.
The retirement of
539,182
837,167.
49,926
General, America
on
orders—--_—_———
be
that R.
member
a
P.
.
Jan.
sinking
,
43,000,000
410,504
2,384,124
3,476,495
27,447,696
in
Vice-President
later
719,679
1,045,802 :
•
45,412,900
19,458,960
46,000,000
————
$10,000,000
and
corporation.; He
its board of
Joint
3,193,914
17,884,061
•
debt
that
He. was executive
.
to
64,554
2'/4%
10-year
Vice-President to Retire—
1943—12 Mos.—1942
*.
it
authority on all matters
served the corporation
He was instrumental
in developing the corporation's position in the home appliance field,
particularly in the early development of what is now the Frigidaire
2,916,532
$66,489
declared—- __—j,—
was
eral
Reserves
Foreign
t
property
p.
273,970,591 263,673,195
stock
of
to sales and distribution and
capacities for more than 20
various
$6,161,739
income
which
.
preferred
Long-term
capital,
Bullis, President.
stockholders to be he'.d on
A.
is recognized as an outstanding
Grant
"Mr.
Division;
tribution,
10.6,089.
plans to raise
is announced
corporation
new
opportunities for expansion not
themselves, directors believe it
any
the board of
$8,935,372
.
present common
Motors Corp.—Official Retiresthis
of
>3,857,627
income
158,
It
82,985,396
13,185,423
85,725,659
47,690,454
24,030,103
6,862,240
"r
this
of
Harry
$20,000,000
debentures
309,847
taxes——
was
—
Common
Other
•
2,735.996
—
—_—
charges
Liabilities—
6%
accounts,
notes,
under
held
of
present
announced
is
ber of
common
(Robert) Gair Co., Inc.—Acquisition—
$
93,766,250
——————_L_——_ ———;-i.
in
General
it
Railway
1942
1943
equipment-
rV,
j
77,334,494
and
order that
in
of
may
President
the
and
remaining $90,000
ex-'
the
Georgia & Florida RR.—Earnings—
Subsidiaries)
(Includ.
31
Oct.
of
sought.
believes
"However,
$607,940
—
that only
by Virginia under the plan
holder
as
expansion,
debentures
335,443
deductions
Net
$26,910,000 in
and
1942,
profits taxes.
24,511,307
Inventories
••'.-
•••->..
Dividends
and expense,
debenture discount
•;-■
Assets—
•Land, buildings
Cash
A-
1,936,393
$3.02
1.937,026
$4.37
1.930,811
$5.04
-
tlncluding
1941,
in
excess
Consolidated
.
;
amortization,
$4,402,142
tIncludes
1,945.896
$6.40
.
issued
Gas
$20,000,000
requirements,
of
'
3,927,601
6,063,545
6,831,503
be
to
preferred
issue
$755,951
Depreciation
Income
shr.
common
per
"Includes
1943
1,929,403
2,403,279
Gross
8,585,780
$101.—
par
■
the
of
advantage
$20,000,000
p.' 2580.
1943—Month—1942
fund of $1,-
escrow
-
v.
post-war
an
■
_i
and
Other .income,.
2,795,604
'
stock
General
possibly
company
which
but
W. Klein was elected Executive
William H. Miller was elected
Dec. -29,
on
director.—V.. 158,
an
the Commission's determination
Bell, Chairman,
of
pertaining
on
that
a
taxes-,
Operating
•
shares outstdg.
Common
Earns,
2,895,725
.
period—.
for
Surplus
2,795,604
2,753,896.
;
its
and
present
take
■—f-rt
''
to
2361.
p.
'^1-—;:'
Maintenance
3,824,056
j
158,
issuance
in
that
and
revenues
51,992
.
Virginia bonds and that
over to Virginia.
disputed
common
meeting
a
state.
Galveston-Houston Co.: (& Subs.)—Earnings—
Operating
Operation
72,283
1,035.883
taxes
for- contingenciesfor income
s
V 114,253
37,450,000
3,000,000
deductions
Miscell.
t2,057,639
89,994
iCr 1,690,807-
-l
also
new
finance
the
•
Period Ended Nov. 30—
Ipterest
Minority.-"-interest
no
allocated
be
"The
15,
New Officials—-
Vice-President
16,232,808
Co., in which proviVirginia's preferred
also
debentures will be be
making the total
par)
payable
annum,
per
Miller
purchase price.-
Vice-President, .and
15,440,164.
34,824,290
2,448,864
the
cover
Dec.
contract
a
interest at' 4%
bearing
issuance
of
34,151,576
672,714
35,910,725
Pcwer
claims' of
.
30,000
applied bfor: 299,129:
shares
corporation
each
It
57,563,476
„
and
had. asked a rehearing and leave to adduce additional
the SEC's deterrriinatibn that Virginia was not indebted
Gas
approval
of
furniture, fixtures, supplies, current files and records are
to be purchased for $240,000, payable by $75,000 cash, two unsecured
notes of the. corporation of $37,500 each, one maturing on or before
March 15, 1944, and the second maturing on or before June 15, 1944,
306,475,692 225,228.857 164,487,560
12,409,015 *10,307,083 > 8,711,394
7,281,568
~
„
Electric
equipment,
selling expenses—s. 475,417,111
Depreciation
including General Gas' claim to the es-.
by the merger of Virginia into Engineers'
regulatory
should be paid
of
At
*
the listing
will
added:
settlement of the
for
$1,200,000 of
$10,000,000
authorized
Has
Exchange
order
General
Gas
on
for
To
575.
p.
sale
General Mills, Inc.—-New Financing Proposed—
1943, with William H.
Miller of Cleveland, Ohio,
an
individual doing business as Interna¬
tional Metal Hose Co.,. under
the terms of which it will acquire all
of the assets of his business,' except land and buildings and cash on,
hand
and
accounts receivable
as
of Nov.
1, 1943.
The machinery,
■'-•
;>
•
it
General
1942
1943
:v.
-
divestment,
a
of
operating
,l
Commission
should
$557,263
income
made
Subs.^Earnings-
(&
Co.—Listing—*
New
additional
v
adminstr; &
Virginia,
Virginia
necessary
165,166
Since January,
$20,0ii0,000."
earnings
Federal
Gabriel
The
187,209,292
sales545,389,601 352.693,500 268,091,826
Net
Manufact,,
in
followed
Stock.—V.
i •jjj.
$
of
It
to be
by James F.
1940
1941
1942
•
- •
Gas
.General
to
keep the company's capital
to
expansion of approximately
asset
an
being
relation to the rapid growth of the business.
business in force has increased $70,000,000
proper
Before
Subsidiaries)
(Including
Account
Income
*
confirmation
upon
Participation in Virginia Public Serv-
subsidiary,
evidence
'
Years Ended Oct. 31—
comply with terms of
to
100%
stated that if the proposals were approved by
bodies and were consummated, "the plan of*
longer be necessary'' to effectuate certain proVisions of the Holding Company Act.
"
;
preferred stock.. At the same meeting, an
stock from $10 .to $25 .per share •
approved.'--v%v.
was
to
that
number
moot."
recapitalization will
capital will be increased from $1,100,000 to $1,650,000 by transfer
of funds from surplus.
In his report to stockholders, Mr. Becker said:
01
the par value of common
In
increase
and
questions
fund,
The
directors,
The
'Consolidated
outstanding 6%
presently
all
would be
the
"
10 Months Ended Oct. 31—.
•••'
/
■
,
Water
the
stockholders."
>
a
Tide
reduce
General
sion
Springfield, 111.—To In¬
Capitalization and Pay Stock Dividend—
crease
subject
dispose of its
Securities and
crowed
Franklin Life Insurance Co.,
1940,
will be neces¬
of expanding our tire man¬
transaction
to
"Engineers Public Service Co. has announced in the press and infor¬
mally advised us of proposals looking to the purchase of the interest
7.
p.
the
•
v
been
special, meeting held Dec. 15,- 1943,,
authorized $60,000,000 of new preferred stock.
Under suitable mar¬
ket conditions a sufficient amount of this new preferred stock, with a
dividend rate not to exceed 4»/{.%, will be sold to redeem all of the
stock
common
to
existing
in
tire building capacity
facilities.
of
Holders
•
in
Commission
render
1979.
the bonds and for the debentures will be received
at Room 2033, No. 2 Rector St., New York 6, N. Y., up
by the company
made
Exchange Commission granted Dec. 31 to General
Gas a reargument In the case of the'Virginia Public Service
Co., whose
plan of recapitalization has been approved.
The SEC said it was not
setting a date for the reargument, since it had been advised informally
"that there is being formulated a proposal
which, if carried out, would
for bids for the purchase of $45,000,COO first mort¬
Fruit of the Loom, Inc.
and we have embarked on a program
sary
ufacturing
able
The
;
1,
and
ice
>
and are to maturq Jan. 1, 1974.
1, 1944, and are to mature Jan.
Jan.
Act
■
-
Separate bids for
.
more
the
subsidiaries under its con¬
trol and eliminate a non-revenue
producing investment,
Representatives of an independent banking group had asked the
Commission to reject the sale and open it up for competitive bidding
to permit purchase of control by local Interests.
due 1971 and $10,000,000 sinking fund debentures
issued by the company,' The bonds are to be dated
series
hks been
1979
Jarii
rubber in the United States continues
forces,
the
be
.
needs
under
U-44 which covers the sale ol properties,
In its petition General Gas stated it desired
,/
Light Co.—Seeks Bids for Purchase
of Securities—
invitation
bonds,
gage
due
"Our
to be
critical.
However, in 1944, the production of synthetic rubber in Gov¬
ernment-owned plants will be ample for all military and essential civ¬
ilian needs.
This remarkable improvement in the situation was brought
about through
the splendid cooperation of the Governmnet and the
rubber, petroleum, alcohol and chemical industries.
The Firestone or¬
ganization played an important part in this tremendous task.
."
Now that a larger supply of synthetic rubber is in sight, the Gov¬
ernment. has authorized the production of 30,000.000 tires for civilian
passenger cars in 1944.
Since these tires will be in addition to the
file
to
Rule
with
To Reargue Its
Florida Power &
--V
shortage of natural
debentures,
treasury funds, will be used to redeem $11,000,000 Florida Power
pany
..
;.VV.';
The output of. life belts and vests, inflatable boats, pontons and other
flotation gear increased as did the production ot Bofors 40-millimeter
anti-aircraft gun mounts and carriages, barrage balloons, gas masks,
and tracks and bogie rollers for tanks and other military vehicles. The
manufacture of plastic products, such as gun stocks, helmet liners and
also
and
.
"Flying Runway" and many others.
'.V-''
addition to operating for the Government synthetic rubber plants
in Akron and a bomb-loading plant in Nebraska, we began operating
for the Government during the year synthetic rubber plants at Lake
The
bonds
due 1966, and $1,685,000 of 3serial debentures;
of Florida Public Service Co. 4% series C, due 1955, and
$2,300,000 of 41/2% debentures.
The new bonds will be offered at. competitive bidding.
Simplification of its corporate structure and reduction of the inter¬
est rate on its funded debt will result from the refunding, the com¬
In
lenses
the
of
$5,148,000
the
Charles, La.,
mond, Ky.
sale
series C bonds,
4%
plants throughout the world were
our
the
from
increased our production of war mate¬
greatly
we
other
operating at full
capacity, it became necessary to secure more manufacturing space.
Additions were made to a number of existing plants and two cotton
mills were purchased, one at Port Worth, Texas, and one other at Bennettsville, South'Carolina.
We purchased G & A Aircraft, Inc., with a
plant at Willow Grove, Pa., for the production of a number of new
aviation products including gliders and rotary wing aircraft.
We also .
leased for limited periods plants at Santa Ana, Pasadena and Compton.
Cal.; Atlanta, Ga'.; Zanesville and Coshocton, O,; Indianapolis, Ind,,\
and Dallas, Tex.
)• :■? '■■■ i
'./v
Much of this plant expansion was made necessary by the greatly in¬
creased business of, the Firestone Aircraft Co. in such aviation products
as
airplane tires, tubes, wheels* and''' brakes,- wings' for giant cargo
planes, bullet-sealing fuel and oil tanks, shatterproof oxygen cylinders,
pilot and crew seats and cushions, Air-Spring struts, seadrome markers
and buoys, gun turrets for bombers, a new type of landing gear called
rials
consummation of the merger of Florida Public Service Co.,
and Santa Fe Land Co, into Florida Power Corp. •
Gas Co.
Sanford
states in part::
The volume of sales was by far the largest in our history amounting
to $545,389,601 compared, to $352,693,500 in 1942, an increase of 55%.,
After providing for all expenses including $12,409,015 for depreciation
ahd amortization and $51,957,601 for taxes and after adding $3,000,000 to the reserve for contingencies, the net profit for the, year was
$15,183,382.
Provision has also been made for estimated retroactive
price adjustments which may arise in connection with renegotiation
W.
109
A preferred
Western RR,
from
Net
from
Net
ry.
1942
1941
1940
$238,646
$196,064
$161,490
81,384
i'ailway___
33,933
24,110
$162,316
50,429
20,472
railway
oper.
-Earnings-
1943
November—
Gross
that
cash
stock.—V. 158, p. 2468.
4,802
*4,444
2,094,722
1,837,861
34,911
income—
From January
Gross
Net
from
from,
1-—
railway—,—
.
railway,—-—
2,614,516
971,796.
563,869
614,026
4
543,037
284,094
252,753
Guantanamo Sugar Co.—Plan Held
.
»
i;604,082
443,702
204,096
Illegal—
Net ry,
oper.
income—_
'
"Deficit.—V.
158,
Vice-Chancellor
p.
2252,
James
F.
Fielder
of
the
Chancery
Court in Jersey
4 ruled that a recapitalization plan of this com¬
and invalid"
and enjoined the company from
putting-it into effect.
The company proposed to issue $40 of debentures and 14 shares of
new
capital stock for each share of preferred stock, eliminating more
than $1,000,000 in arrears of dividends.
Common stockholders would
City,
pany
N.
J.,
was
on
Jan.
"illegal
two-fifths
received
have
28.000
capital stock for each common
of new
share
Vernon
company
surplus of $2,609,346 would have
Vice-Chancellor, in his opinion,
$4,050,000 to $810,000 and a capital
created, it was declared.
The
been
while
that
held
stock into
the
stock
common
stock;
capital, and that the plan favors common
the preferred stockholders of their preferred
the
preferred
Gross
revenue
stockholders and deprives
status.—V. 159, p. 8.
Net
ry,
Operating expenses-,..
(Deprec. <fe amortization
General
Federal excess
income
Divs.
I
14,066
14,065
171,875
$16,370
$423,695
$357,558
Net
from
Net
ry.
1941
2,358,164
277,128
"110,962
.
331,946
1,540,229
326,373
5,831
Net.ry, oper. income
"Deficit.—V.
"10,386
43,815
12,496
SEC
117,278
the
"179,954
(39 Broadway), N. Y. City-
Act.
The
"Trust
Co.
of New
The
new
first
Dec.
31,
will
to 4Va%
bear interest up
Net
if earned.
annum
per
of
the
new
Place
Broadway-Trinity
Corp.
3rd and Simon Newman.—V.
Carroll Dunham
oper.
Hooker Electro
be
to
are;
Hope Natural Gas
suit
contest
a
varying
over
with a
Court was
The
divided on this issue,
,
;
with Justice Douglas delivering.
opinion fend separate dissents1 being read by Justices,
Frankfurter, Reed and Jackson.
.
In his lengthy opinion, however, Justice Douglas made no particular
distinction between rate-making theories and did not choose or indi¬
the
majority
.
.
preference for one over another.
■
upholding the Federal Power Commission action, which had
effect of lowering the company's rates by $3,600,000. a year; he
cate
166
1,980
p.
the
peated the expression in an earlier court opinion that the FPC is "not ;
to the use*of any single formula or combination of formulae in
■
bound
$1,874,895
is
"It
not
1,120,569
50
991
31,280
37,669
450,894
393,442
$38,898
$441,613
$420,345
287,253
277,874
28,953
49,802
Dis¬
the authorized capital
to increase
have voted
•!
capital, $595,611.
the
of
"V-Loan"—
merger
Net
Court decided in
The
ry.
1942 $2,226,645
977,017
158,
1940
$973,28Q
166,413
go
-
3,838,492
capital.—V, 156, p. 1233.
1
*
Hotel Canterbury, San Francisco,
Minerals
Chemical
&
into
that of the past year,
Seven-Fifty Sutter, Inc., below.—V.
C.
Nickel
•
y'■>>
Ltd.—New
Canada,
of
Co.
Di¬
.
Utilities
period Ended Sept.
Operating
Oper.
member of the law. firm,of Osier,
elected a director to fill the vacancy;,
been
recent death of Britton Osier, K. C., who had been a
company for over 21 years.—V. 158, p.' 2581.
.
<, •'
/
the
of the
Kentucky
■
(&
Co.
$3,494,900
and taxes...
2,732,331
revenues
exps.
Subs.)—Earnings-
1943—3 Mos.—1942
30—
1943—12 Mos.—1942
$3,491,507 $13,380,176 $13,410,484
2,566,911
10,295,303 10,236,361
,
Net
oper,
Other
$3,174,123
$762,569
$924,596
$3,084,873
1,067
Dr483
481
1,080
*$763,636
366,331
$924,113
$3,085,354
3,175,203
381,631
1,508,626
$397,305
$542,431
$1,576,729
114,016
114,016
456,066
456,066
94,681
94,680
378,722
378,722
$188,608
ineome.-
$333,734
$741,941
$800,283
income
■
-
■
-Total
2839,
■
Net
A
which
Was
12
Bankers
the
old
Judge
of
Life
the
for
Dec.
by
Circuit
stock
Judge
of
this
Julius
Association of
former
of
H.
on
Divs.
on
6'/
pfd.
7'h
jr.
stock
pfd—
;
1,540,130
$1,635,071
Miner,.
company's predecessor, Illinois
Monmouth, 111., to recover funds from
officers of the organization.
The suit
the
Miner found for the former policyholders
new
company's stock, with proceeds to go
.
deducts-
—V.
...
158, p.
and
to
to
convert
ordered sale
approximately
was
1172.
Jacobs Co.
consideration.
cents
share
per
p.
26,
on
Similar
and
1943,
on
1533,
1941
1940
$162,627
75,233
45,186
incomes
16,398
40,875
46,028
20,043
I, : 2,810,801
'
1,055,415
3,127,368
2,043,761
1,568,239
1,444,708'
824,636
525,424
266,579
411,594
370,155-
230,146
1—
railway
income
2254.
have
declared
quarterly dividend of 25 cents perstock, payable Feb. l to holders
company made
distributions of
share each quarter.—V. 158, p. 2582.
the
no
Jan.
value
par
14.
Paramet
a
common
Previously,
the
Corp.,
wholly-owned
a
subsidiary,
has
acquired
the
assets,
operate the business of that firm under the name of Paramet
patents
158,
goodwill
and
2047.
p.
the
of
Chemical
Paramet
Corp.
.
Star Gas Co.—Completes Integration Program—
completed its program to comply with both the
and corporate simplification provisions of Section 11(b)
Utility Holding Company Act. ..It is .said to be the first of the
integration
of
the
such a program.
the sale by Lone Star Gas Co, of
a non-affiliated»
company.
It will use all but $33,000 of the $2,700,000 base proceeds,
to reduce its outstanding long-term bank loan notes.—V. 159, p. 9.. .
major holding companies to complete
final
The
its El
compliance
step of
Paso
on
Casting
Both
hardware.—V.
(Mich.)—Acquisition—
Dec.
31
Co.
concerns
155,
p.
that
of
this
Detroit,
engaged
2230.
in
company
Mich.,
the
-
for " an
manufacture
undiclosed
of ■ auto¬
'
1
«
City Bank Farmers Trust Co. has been appointed, effective
1944, as transfer agent for 750,000 shares of the class A
The
1.
stock.—V.
common
159,
S.
p.
RR.—Earnings—
Long Island
"
November—
from
Gross
Net
from
Net
ry.
1943
.
railway
488,222
railway..
;
1942
"
$3,277,005
L
$2,934,092
204,948
-
--
1940
1941
$2,085,748
376,993
"72,653
$1,966,257
422,281
...* "17,171,
23,203,807
'6,007,390
753,966
"208,845
"302,849
32,016,242
railway...-,..
39,867,645
11,542,262
8,205,000
24,708,079
6,625,573
income...
3,619,309
2,030,061
"775,846
income
oper.
From January 1—
from
Gross
Net
from
Net
ry,
railway
oper.
158,
p.
2254.
&
Louisiana Power
Capital—
Light Co.—Changes In
order permitting to become effective
declaration with respect to the following transactions:
:
Electric Power & Light Corp. will make a capital contribution, of
SEC
The
a
the
to
$6 second preferred capital stock of Louisiana
(being all of such stock issued and outstanding)
Louisiana Power & Light Co. will acquire such
take the following steps:
Co.
company.
and
stock
of
an
the
of
Light
latter
issued
31
Dec.
on
shares
&
Power
it
to
30,000
the
Cancel
above,
as
shares of its second preferred stock sur¬
and reduce its capital stock liability by $3,-
amount of the claim on liquidation of such shares;
Credit its capital surplus account with the $3,000,000 reduction
(2)
the
"
stock liability and charge thereto a balance of
classified in its plant account which it has been
eliminate therefrom; /
! '•
.V-"-J '
in.
$3,000,000
ordered to ;
-.M;>
outstanding 60,000
capital
presently
(3)
capital
stock Lability on its
preferred stock at $100 per share or $6,000,000 its
its
State
shares of $6
(first)
liquidation, and its capital stock liability on its outstanding
1,200,000 shares of common stock, at $5 per share or $6,000,000,
../' Louisiana Power & Light Co. >n addition proposes to amend its
certificate of incorporation, such amendments to provide in substance
claim
on
'
•'
-■
■
authorization for the issuance of second preferred
authorization for/205,000 shares
of $6 (first) preferred stock shall be reduced to 200,000 shares;
(2) In the event that accumulated and unpaid preferred dividends
at the date of any annual meeting shall aggregate four full quarterly ;
dividends a majority of the preferred stockholders, voting as a class,
shall be entitled
at any annual meeting to elect a majority of the k
The present
'7(1)
($6) shall be eliminated, and the
stock
.
-
board of directors;
(3i
.
mortgage
Any
or
pledge
Of
fixed assets
•
•.
(other than to refuncf:
existing mortgage debt or to take action required to be taken under
the existing mortgage) shall be first approved by a majority of each
class of stockholders present and voting at a meeting called: for such
purpose;
'
.
.
'
.
change in the provisions set out in paragraphs
be approved by two-thirds of the preferred
Any
,.'
,
(2) arid (3>
,
-
stockholders
above
shall
voting
class;
The provision permitting transfer of all outstanding stock to
corporation in return for the capital stock of such new corpora¬
new
tion
a
as
(5)
a
upon
shall
be
vote" of stockholders required to dissolve the corporation
a
eliminated.
Commissioner
dissent
I think
order
has purchased the
was
properties to Southern Union Gas Co.,
gas
Long-Bell Lumber Corp.—Transfer Agent—
..
Jan.
ing and
announced
Continental1*-Die
motive
75
and will
entries
(F. L.)
It
of
and Oct.
Libbey-Owens-Ford Glass Co.—Acquisition—
The
I
Balance
the
three-men had been involved in bribery
association, a mutual, into a stock company.
that
company
appeal to the Appellate Court.
last November as the result of a suit brought
policyholders
of. three
21
capital
.
income
Divs.
shares of
an
ordered
former
estate
alleged
the
pending
sale was
2.000
of
scheduled
was
canceled
The
by
sale
courtroom
etc.,
2
$190,217
directors
on
(4)
income
Interest,
Illinois Bankers Life Assurance Co. of Monmouth, III.
—Stock Sale Cancelled—
Aug.
physical
Calif.—Sale, etc.—
p,
1,
1942
37Va cents per
Corp.—Record
Toronto,
of
has
Harcourt,
by
director
dividend
a
Feb.
on
101,430
record
that:
Mockridge,
F.
&
caused
,
137, p. 1250; V. 135,
declared
made
railway.;
rendered
to Louis Ware, Presi¬
according
;'.,yyy-"y
2253.
158, p.
International
H.
.
Lehigh Portland Cement Co.—Reduces Dividend—
(1)
■
:?v\'rV
exceed
Hoskin
Real
$256,655
oper.
The
share
shares
'
'
See
ry.
1,215,765 y .,r."63,914
4,974,220
.
rector—
the
than
from
Net
30,000
■■■■■'■■
Mines and plants. in all divisions of this: corporation!operated ' at !
capacity during 1943 to produce the largest .volume of potash, phos¬
phate,' fertilizer and chemicals in its history.
Production in 1944
,
the light of its pronouncement not to
Net
26,892
95,524
2469.
p.
International
dent.—v.
of
1734.
p.
61,863
"Deficit.—V.
'1941 ;i
$1,245,118
224,261
Output—
should
President
as
Bureau
1943
from
v'-y'- '/•'yvv-.-yy--.
19,560,576 - 12,760,426
10,352.088
6,807,802
2,685,811
1,328,345
10,200,213
income...
;
793,430
income...
347,831
1—
v.:;
railway.... *27,115,106
oper.
post
the
$210,459
oper.
000,000,
the firm's financial integrity and noted that
question whether the Commission was in error in refusing to add
to
the company's rate base some $17,000,000 in well drilling costs
which were incurred many years ago and charged to expenses rather
have
were
—V, 158, p.
■
1943
"Deficit.—V.
a
,
,
Gross
;;-.v, y.'/,''Vy;":
$2,732,539
railway,.—
railway......
from
new
of
years.—V, 158,
The. company has
Completed—25-
Corp.—Merger
Detrola
oper.^
Net
"seasoned enterprise" having markets in populous
areas and a supply situated nearby.
'
*
! :
>
,'v
"In view of these considerations," the Supreme Court said, "we can- p
pot say that an annual return of $2,191,314 is not 'just and reason¬
able' within the meaning of the act.
Rates which enable the company
to operate successfully, to maintain its financial integrity, to attract
capital and to compensate its investors for the risks assumed certainly,
cannot be condemned as invalid, even thcugh they might produce only
a meager return on the so-called 'fair value'
rate base."
company was
ry.
Lone
under the name
Jan. 3 by C. Russell
from
Gross
'
director
railway______
2363.
above.—V. 158, p.
Cyanamid Co.
railway-—976,809
from
instituted
stock, payable Feb. 1 to holders of record Jan. 15.
From January
f
Corp.—Sale of Division—
From January
unjust
portance of maintaining
the
Net
by issuing 2,340
dividend.
;
November—
ry.
assumed his
been
1, Aug. 1 and Oct. 26, 1942.—V. 158,
from
602
•
;
-
has
November—.: -.. ;'' ;....
from railway
'H
of
....
Net
and unreasonable, judicial inquiry under the act is
:Vt> '•'.''■'2
.,■*':>> •v''"'-"--'.'
\
"The fact that the method employed to reach that result may con¬
tain informities is not then important;
Moreover,, the Commission's
■order does not become suspect by reason of the fact that it is chal¬
lenged.
It is the product of expert judgment which carries a pre¬
sumption of validity,
•
"Nor is it important to this case to determine the various permissible
•ways in which any rate base on which a return is computed might be
arrived at.
For we are of the view that the end result in this case
cannot be condemned under the act as unjust and unreasonable from
the investor or company viewpoint."
The Court noted that the Commission fixed a rate which would per¬
mit annual earnings of $2,191,314 and in doing so had stressed the im-"
be
to
at an end.
Jan..!
on
He
the City of. New York, for six
directors
Net
'
2253.
Net
Justice Douglas
said
1,060,506
92,293
Corp.
from
on
filed
and
Commission
Lehigh & Hudson River Ry.—Earnings—
y
■
102,011
Dividend—Pays
Gross
rates,"
;
theory, but the impact of the rate order which counts,",.
said.
"If the total effect of the rate order cannot be
determining
corporation.
of
International Great Northern RR.—Earnings—
re¬
statement
amended,
as
The
Lee Rubber & Tire Corp.—75-Cent Distribution—
1,831
$2,014,067
a
In
registration
a
1933,
1943.
$320,000
to
working
Tool
6,
of
and
company
(d) of the Act to determine whether
against the registration statement and the
withdrawal or this registration state¬
issue
Thompson Smith
this
Feb.
/ >
:.;
*/;.
of Detrola Corp. into International Ma¬
International Detrola Corp: was
announced on
Feldmann, President of the com¬
bined businesses.
: yj>' '-.
Mr.
Feldmann
also announced that the directors of International
Detrola
Corp. on Dec. 30 voted a quarterly dividend of - 25 cents,
payable Feb. 1 to stockholders of record Jan. 15 and that on Dec. 31
repayment in full was made of a V-loan of $2,400,000, which had been
a
Detrola obligation.
:•
A V-loan of $5,500,000 of the International Machine Tool Corp. had
been
paid earlier and the
most recent action clears :International
Detrola's
books of
all bank
indebtedness.
The corporation has no
Government advances.
All of the outlay for expansion and improve¬
ment of plant facilities and equipment has been made from the com¬
pany's treasury. International also retired during 1943 the remainder
of its outstanding preferred stock.'y y yy,y:-L•'
...
Participating in the dividend, International's seventh, consecutive
payment of that amount, will be 152,000 additional common shares
Issued to effect the exchange of Detrola stock.
The total of common
shares, only outstanding capital issue, thus became 490,000.—V. 158,
valuation
property
Dec.
on
withdrawal
Lawyers Title Corp. of N. Y.—New PresidentLee
of
$1,876,726
$2,016,047
$169,076
Steels, Inc., Cambridge, Mass.—Stock
International
preferred.—V. 158, p. 87.
theories of
thereto
to
the
of
1943—11 Mos.—1942
k'K
chine
Statement
v;:',
Dec. 29. requested
158, p. 2363.
ment.—V.
2469.
American
See
consenting
upon request
proceedings.
order
on
Corp.—V.
Co.—FPC Upheld—
rate-making purposes.
for
Corp.—Earnings—
$168,910
—
Interchemical
Lee S.
order
an
(2-5256)
stop
order should
stop
company
The
$63,593
a stock
first nine
net
Registration
p.
proceedings pursuant 'to Section 8
a
the common
stock
additional shares of $100
: V ''
* ■
For
the
months 1943 the company had a net profit of
$169,315.
The balance sheet ended Sept. 30, 1943, shows total assets
of $2,234,144;'current assets, $2,191,956; current Labilities, $1,596,345;
Supreme Court on Jan. 3
was
of
on
Nov. 18,
1943 filed
under the Securities Act of
S-2
amendment
to be
expenses
180
"
value as
and
—
158,
now
50
$86,000
Vice-President,—V.
;V: •;
a
Corporation
an
Estate
$196,934
.
__
.
stockholders
The
from
par
reversed the Fifth Circuit Court.
of Appeals and, upheld the Federal Power Commission in its suit against
the Hope Natural Gas Co. over the firm's natural gas rates.
.
\ •
The
fees, and
the
of
$197,114
rev—
income____
155; p. 361.$;Vv,.., ICent
conducting negotiations
bonds and $9S8,000 6%
$2,522,000 of 35/s%
S.
the Holding Company
issue of $4,000,000 to
tribution—Earnings—
Chemical Co.—Financing—
understood
is
company
U.
estimate
Telephone
income
p.
Corp.
issued
31
Dec.
on
discontinuing
Form
yy
banking group for the sale of $5,000,000 new preferred stock proceeds
'from which will be used to retire outstanding preferred and bonds.
At the close of the fiscal year ended Nov. 30, 1942, the company had
The
in
1943—Month—1942
taxes
Completion
The
revised
a
revenues
Industrial
bondholders
old
SEC
The
the
give
only the sale prices *of the bonds
not
_____
-V. .158,
President; Carroll Dunham 3rd,. Vice-President; Simon
Newman, Secretary; Samuel Davis, Treasurer.
- ■'}
"
The directors kre; Miles S. Altemose, Lee S. Buckingham,
Samuel
"•
stating
expenses
Buckingham,
Davis,
delay
requirements under
also covered an
SEC
Associated
oper.
elected
been
Oil
registration- statement
changed when it was found
leaching agreement with the
were
period
the
has
Withdrawn—
refunding operation—V. 158, p. 2581. ;.p
stockholders.
of
officers
The
also
to
plan
Carvlin
M.
Krupp-Flaherty
issue of
of in¬
the bonds
•'
'/
2470.
group
for
lease of oper.
from
prop.-
will also receive all of the
capital stock of the new company, at the rate of two shares of stock
for each $500 of bonds.
As stockholders, the old bondholders will be
entitled to vote at the annual meetings of the company to be held on
the
fourth Tuesday of December in
each year, and at all special
meetings
the
revenues—
Operating
'
the
but
in the
Operating
Net
ments..
Under
a
to
way
indefinite
amendment
an
notes
Rent
York.
bohds
fiscal
1943,
/.i
Koppers Co.—New Vice-President—
Gross
of the company will comprise the period from
April 30, 1944, and, subject to the new mortgage
indenture, the available net income for that, period will be distributed
to the bondholders as interest in multiples of
*4 of 1% on July 1,
1944,
Thereafter
the
available net income will be similarly dis¬
tributed as interest semi-annually on 'January 1 and July 1. subject
to certain discretion in the board of directors as to the Jan. 1 pay¬
The
this
in
accounting
decision
•Operating
$4,595,500 of 20-year income bonds, to be exchanged
of old bonds outstanding.
The new mortgage
has been qualified with the SEC under the Trust Indenture
trustee under this mortgage is Sterling National Bank &
indenture
to
$10,
par
■
might be
Uncollectible
amount
same
stock,
2470..
p.
$65,000,000
a
price obtained
property
issue of
the
sell
privately
Div.—
a dividend of 20 .cents per share on the
payable Feb. 1 to holders of record Jan. 20.
Quarterly distributions of 15 cents each were made on this issue on
Feb. 1, May 1, Aug. 1 and Nov. 1, last year, and, in addition, a yearend payment of 20 cents per share was made on Dec. 1, 1943.—V. 158,
Jan. 6 approved an ap¬
on
to
bonds
that the
is
company
Period End. Nov. 30—
.
for
Inc.
Indiana
Reorganiza¬
the
the
to
trust
,
declared
The directors have
common
distributions
reorganization of 39 Broadway was consum¬
was transferred to the new company,
Place Corp., pursuant to the plan of
reorganization dated July 24, 1942.
The new company executed a new mortgage on 29 Broadway, secur¬
ing an
SEC
and
Broadway-Trinity
as
authority
for
condition
financing
its
In
Operating
1943,
title
and
known
Exchange Commission
Rule—
$5,000,000 of serial notes to be sold to commercial banks.
Having filed a registration statement the company must
1,185,242
-.
31,
Dec.
On
mated
Kalamazoo Stove & Furnace Co.—Larger
12,295,683
collateral
the
certain
on
Act,
Company Takes Over Property Under
tion Plan—
for
there
incurred
Harriman Building Corp.
New
& Co.,
Plans
that
2469..
158, p.
89,943,569
20,727,789
18,789,854
company
and
of
name
Stuart
"41,261
694,249
30,207,598
be changed to Illinois Power Co.)
company had originally planned to invite bids from investment
bankers under rule U-50, which requires competition for all bond is¬
sues
of companies subject to the Public Utility Holding Company Act
unless the SEC grants an exemption.
A registration statement was
filed late last year and an invitation for tenders was expected early
in
1944.
Two strong banking groups had been formed to bid on the
bonds, one headed by The First Boston Corp. and the other by Halsey,
1—
railway——.
54,268,771
23,647,432
satisfactory to the Commission.
$148,231
2,271,596
and
the
companies on
(The
1940
$117,862
~
last, and $3 per share on Aug. 15, 1942.—V. 158, p. 891.
The
66,156
1942
income--
railway—
from
from
Net
is
of
mortgage
surance
$291,402
$250,847
73,145
38,589
railway
oper.
From January
Gross
66,156
$357,539
1943
railway—.—
from
5,513
$10,857
$245,341
87,843
56,131
November—
Gross
65,870,104
29,567,155
Dec. 31.
of record
;
The Securities
first
RR.—Earnings-
Gulf & Ship Island
8.
p.
.
.
income
160,710,830 110,816,451
the 6%
George
2252.
p.
1,237,976
2,974,900
192,846.176
.
railway-
plication
$31,789
5,513 '
$8,783,253
2,520,819
1,769,414
Illinois-Iowa Power Co.—SEC Waives Bidding
$525,814
168,255
r—
158,
V.
$595,570
$26,276
2,556,902
railway-
oper.
—V.-159,
290,494
$45,856
Balance
—
.
563,699
$30,436
pfd. stock!
on
ry.
194,382
166,231
profits,,.
*—
from
Net
208,119
90,833
other deductions
&
Net
>
63,894
income
Gross
Int.
255,968
tax
income
.1940
1941
1942
per share has been declared on account of accumu¬
preferred stock, par $100, payable Jan.' 6 to holders
This compares with $6 per share paid on Aug. 25,
A dividend of $3
lations on
222,083
265,000
18,750
taxes
Federal
oper., income-i
from
Net
1943—12 Mos.—1942
$255,505 $3,703,681
$2,758,677
115,485-: 1,857,212
1,317,784
1943—Month—1942
1943
Structural Steel Co.—$3 Dividend—
City
Kansas
Miner's
Jahuary 1—
From
—--
Association.,
decision.
Life
Judge
$17,065,848 $15,438,229 $10,581,518
5,763,967
5,299,346
2,341,162
railway-..
railway-
from
Gross
$351,950
215,449
26,750
Bankers
appealed
RR./—Earnings of Company Only—
from
Net
-Earnings—.
Period End. Nov. 30—
Illinois
of
estates
NovemberGross
♦
Gulf Power Co.
three
the
Loucks,
Illinois Central
right. to change its preferred
it may not destroy the cumulative provisions
that the company is not in need of new
has; the
company
policyholders
for
R.
attorney for the 12 policyholders, said the case
is now in Appellate Court,1 and.' probably will not be decided before
summer."—V. 158, p. 2362.
contended that the plan was fair and that the stock¬
holders would benefit.
Capitalization would have been decreased from
The
former
Counsel
owned.
share
of
Monday, January 10, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
110
of
it
Healy
for the
dissenting
reasons
stated:
stated in my memorandum
of April I,
1940.
is particularly
regrettable that this case did not go to hear¬
was no explanation in the record of several book
made by the applicant after the Oct. 20,
1943,
that there
which
the
were
Federal
Power
Commission.
Of
particular interest
<•
among
of account 107, pure write-up,
was
charged off against reserve for property retirements.
I question *
whether such an entry actually eliminates-the approximately $1,500,000
of write-up on a net basis,
I question also whether, if this retirement
such
items
is
one
whereby
$1,552,509
Volume 159
THE: COMMERCIAL & FINANCIAL CHRONICLE
Number 4245
ning • Jan. 4, . 1944, must
coupons.'.'; " ,'l
created■,by accruals • charged, as, operating expenses ,and
through rates paid by consumers, it is fair to the consumers
be'used to absorb a write-up which has been created
'to balance some other item, such as common stock.
If this approximate.
$1,500;000 of write-up is part of. the. water against which stock was
issued, why should the retirement reserve .be used to retire it?
Why
should not such a reserve be used to retire property and not pure
write-up?
These are important, questions but in the absence" of: a
record I do not care to hazard an answer.—V. ; 159, p. 9.
reserve
was
.recovered
that
the
Interest
t
reserve
V.
In
stores
in
the
same
tions of subsidiary companies.
In connection with the .refunding;" in¬
stallments aggregating $110,000 were paid, leaving a balance of $595,700..
The refunding was accomplished on a 15-year basis calling for
and, subsequent
•'
■
,
York.—
annual amortization of $35,000 for first 10 years and
approximately
$15,000 annually lor the succeeding five years.—V. 158, p. 1174.
cents per share has been
15
declared on' the
National Liberty Insurance Co. of America—Divs.—
common
An extra dividend of 5 cents per share and the usual semi-annual
dividend of 10 cents per share have been, declared on the capital stock,
"par $2, both payable Feb. 15 to holders of lecord Feb. 1.
Extras of
10 cents each were paid on Feb. 15 and Aug. 16, last
year, and on
Feb. 16 and Aug. 15, 1942.—V. 158, p, 292.
'
Mississippi Central RR.—Earnings—
1943
Novemberfrom railway™
operated 201 stores, as against 203
month in' 1942.—V. 158, p. 2363.
Central
'
x
and July 15, 15 cents each!
Net
.
ry.
.
railway—
■
1940
•
$87,639
: 22,043
40,660
33,144
10,381
National
$96,003
67,827
27,678
oper.
1941
$157,416
'
54,448
income—,
•X From January 1—' "
Gross from- railway—»
Net from railway—
RR.—Earnings—
1943—11 Mos.—1942
Period End. Nov.: 30- -7:'
1943—Month—1942
Qperating revenues$1,606,463
$1,400,071 $17,232,971 $15,851,992
Operating expenses——
12,217,203
10,883,088
1,231,886
893,332
from
1942
$143,918
Gross
Net
Maine
1944,
Montreal,"New
stock, par $1, payable Jan, 15 to holders of record Jan. 3.
During
,1943, the following payments were made on this issue: Feb. 1, April 15
and Oct, 15, 30 cents,—V. 158, p. 1640,
;
company
'.
1,
of
,
1943—12 Mos.—1942
1943~-Month—1942
duly
of' Bank
office
an
dividend of
A
$9,784,095 $10,464,483 $67,351,069 $62,613,293
December, 1943, the
the
carry
,
.
159, p. 10.
»
.
McCrory Stores Corp.—December Sales Off 6.50%—
Period Ended Dec. 31—
Sales—
payable "at
Michigan Bakeries, Inc.—15-Cent Distribution—
-
\
is
111
oper.
ry.
The
1,604,484
1,494,676
1,080,792
607,647
593,086
300,519
Retire
Co.- -To
Light
Preferred
340,958
155,529
•
4 was permitted by the SEC to retire on
Jan. 31 at a liquiating value; of $100 a share plus unpaid dividends
the
remaining 12,000 shares of, its $6 preferred stock outstanding
with the public.—V. 159, p. 11.
68,195
290,685
*38,556
income—.
&
Stock—
751,361
-
Net
Power
29,013
company
Jan.
on
-
"Deficit.—V.
Net oper. revenue-
Taxes
:
$374,577
246,434
—
.Equipment rents
17.
Cr7,350
23,142
19,505
236,912
; ' $92,368
income,
oper.
pther' income
2,502,163
Br18,579
:
Drl2,633
$301,076
$2,258,114
X 646,964
Joint fac. rents—X)r
Net
y
$4,968,904
2,099,400
Dr40,332
;
234,381
$5,015,768
$506,739
193,508
.C
..44,441
.
50,995
National Supply Co.—Reduces Bank Loan—
1942
company, which recently arranged for a $20,000,000 VT (Vic¬
tory Termination) loan at the rate of 2Vafk with a %'/b commitment
fee, on Jan, 6 announced that it has paid off half, of the outstanding
1941
1940
$168,947
$108,740
$112,964
29,978
8,734
6,917
13,919
to
*12,728
*5,383
on
1,553,937
1,241,107
1,100,306
305,084
November—
1943
Gross from railway—_
$178,350
:Net:from.railway___^_
24,847
Net ry. oper. income—
1,498
.From January 1—
'
..Gross ?from. railway—2 ■ 1,993,439
.Net' from'■ rail\yay_-_-.-^.
280,722
-Net, ry. oper; income;— ;
25,988
588,759
This
♦
Missouri & Arkansas Ry.~ -Earnings-
;
$2,594,791
k;
158, p. 2255,
234,375
218.432
49,799
*48,292
' 57,360
:
•balance
>
.
Gross
income
deductions
$136,809
7
-
183,175
————.
$2,905,078
$3,183,550
.154,436:,' 1,723,227 " 1,737,757
-f $352,071
a
.
•
.
-"Deficit.—V.
■
income
Net
___■
"Deficit.—V.
-V/-
$197,635
*$46,366
$1,181,851 > $1,445,793
-
V'V:; \ x/xX
159, p. 9.
.
V,;X,;
..
Period End. Dec. 31—
-
,
1943—Month—1942
V, 158, p. 2363.
■
X; ■ •'•" ,X7x
v
Manhattan
Bond
;The directors -'on
rof
Fund,
-
'
■
■ ■ ■
X/£'■' )/!■:'• y!..:
■
lO cents
oPrecord.
$5',413,266
$4,536,172
195,259
2,774,087
income
448,500
427,000
[568,722
36,119
97,818
\ 346,557
558,938
335,354
[287,530
150,605
taxes__
'/During 1943, the following payments
and
quarterly and, three cents!extra; April 15, 11- cents quarterly and • three ; :■"> .-.Net inqome
,.cents extra; July :15, 11 cents, quarterly and seven cents extra; and • ,' Divs. on' pfci.vstqck.-.-.Oct. 15, 10 cents, quarterly and 15 cents extra.—V.i58, p. 2363.
-a;
1
$80,440
>
deducts,*
other
10 * cents,
Jan. -15,
!were 'made:
„
Int.
f
income
Gross
'
■
.
Dec. 31— "
1943—Month—1942
—v.,——.—
—V.
$5,409,120
.
'
$85,178
7"? 7 $54,227
$987,868
• •
26,212;
23,257
290,703
'
1943—12 Mos.—1942
$5,467,388, $37,333,671 $33,143,326
,
:
$61,921
;
20,693
Net
ry.
Net
from
Net ry.
—V,
37,122
38,619
13,045
33,729
29,056
642,597
680,831
298,508
181,781
375,602
642,014
291,986
,311,963
160,289
income—
152,841
158, p. 2256.
$68,218
i/'V.
-
,
618,087
.
railway
oper.
$59,388
21,994
,
38,073
:
1940
$49,145
'
.
:
^.1941'v
1942
$64,003
36,229
income—
oper.
From January 1—
Gross from railway-—
.
248,316
.1943 -;
railway™
railway,-'—-
from
$661,556
248,316
■.
Ry.—Earnings—
from
Net
279,700
$697,165 '
20,693
;
November—
Gross
,$941,25.6
:
158, p. 2364.
Nevada Northern
ordinary
an
2472.
2,123,017
36,000
Fed. excV: profits taxesr
7
distribution ,(No. 22) •
pershare onthecapital stock/ payable Jan. 15 to holders"
;x:f X :'/x
XXX
Dec. 30 declared
$414,256
37,500
General. taxes___„-'_—'
Inc.—10-Cent: Distribution—,
Sales
330,073
for- depreciation^
yFederal
^
1943—12 Mos.—1942
$484,132
i'Operating^ expenses ssllProv,
End!
Period
1943—Month—1942
'Gross1'-revenues; il.:—
$6,115,657 j $5,646,492 -$35,273,694' $39,552,567
-I————
158, p.
■
has no long-term debt other than the
It retired its first mortgage bonds in
Neisner Brothers, Inc.—December Sales Off 1.1 %—
'
.
Bales
1942.—V.
pV;22551 *
158,
Period Ended Nov.>30—
/
1943—11,MosA-1942.,
■
.
Up:8.3,%—-
The National Supply Co. now
ten year notes.
balance of the
Mississippi Power Co.—Earnings-
,
■
McLellan Stores Co.—December Sales
of its $6,000,000 2% ^ ten-year term loan due serially 1942
1952, with the Manufacturers Trust Co, of New York. The payment
the term loani which had a previous balance of $5,625,000, leave3
balance of $2,812,500.
V,
',
•
•
i
,
247,604
V.-;\
•
.
:
Balance
'
—V,
-
$33,534
158,-p.: 2255J
$413,240
$448,849
New England Gas & Electric
•
:
•
$41,228
■ '
(Glenn,L.) Martin Co.—Pension Plan—
%
*
A
for two
under
plan
years
or
will participate has been; announced by
more,
Glenn
Effective Dec.
31 i
1943, Foster W. Doty has resigned
trustee under the indenture
.
Martin, President, following approval by theXU.S/ Treasury Depart-:
ment.
Retirement income for which the company will pay the entire
dated Nov.
1, 1931.—V.
L.
■cost.-is
provided
Life
General
by
Group
a
of
Co.
Insurance
has
had
the announcement Mr. Martin,revealed that the company
several years. It .pro¬
vides a retirement 'income
size of which depends
oh earnings prior to retirement. Should an employee die. before having
-received'the income-for at.least ten years, payments will be continued
'to his beneficiary for the remainder Of the ten year period.
Should
he die before reaching retirement age -his' beneficiary: will receive the'
total of payments made by - the company into his annuity fund up
to the -time of: his death,- plus- compound interest of 2
Premium
for
such
first
the
expected
p.
•
.
at
a
plan
amount
first
15
made
;
be
'-
Operating1 revenues
Net'
—V.
-
J\
since
1943—Month—1942
6,343
,
corresponding
week
a
in
"The
.;
-'',x'■
current
payment
of $1.50 brings
the year to $5.75.
total dividend
'
payments
for
"Despite wartime difficulties, this eompany is now serving 79,000,
more
telephones than a year ago, and is handling 9.6% more long
•
1943—11 Mos.—1942
■;
Robinson, President, in a statement sent to stockholders with
dividends, payable Dec. 31 at the rate of $1.50 per share, said
part:
distance calls and 3.6%
local calls each day."—V. 158, p. 2583.
more
.
$3,031,791 $36,464,443 $31,084,191
$3,463,934
■:
forthe
31
J.
their
9,825
i03,545
67,257
;
New
Jersey
Service
Water
Co.—Bonds
Placed
Pri¬
2,434,81f X 2,023,987
,K 639,52^
589,768
159, P. io.
:
24,115,562
.
$383,2531
:
Income-:——___ /
vately—The company on Oct. 29, 1943, sold privately to
Massachusetts Mutual Life, Insurance Cp. an issue of
$3,021,966 $36,397,186 $30,980,646
$3,457,591
.
20,344,803
7,618,989;
$408,211
6,190,266
;$165,500* 3V4%
1st mortgage bonds, dated Aug. 1, 1943,
due Aug. 1, 1968. Proceeds were used to retire outstand¬
ing 5^% bonds due 1951.
$4,445,577
266,955.3,081,509
267,881
$4,662,635
2,938,433
,
,:
The statement: follows:
near future
we expect to
;
X
-
: ■
1943
■'
these
•"
■
Nash
Division
Motors
15,
$194,43?
366.998
income—
1—
1,501,168
49,498
162,540
railway-L.
5,919,523
2,803,945
railway——
8,843,143
5,471,553
"3,254,352
1,059,249
3,177,158
2,641,892
1,033,403
ry.
Gross
Net
from
from
—V.
.
49 010
49,373
,
2,143,556
579,783
;
655,593
158, p. 2256.
New York Athletic Club, N. Y. City—Files Determina¬
has advised its
expiration date for
has been set as.the
oper,
1942
From January
Nash-Kelvinator' Corp.
;of
1944,
operation-of its "monthly income plan" inaugurated- as a
aid: to : wartime dealers shortly after Pearl Harbor.
When
tion of Net Earnings—
pioneering
originally
announced on March 16, 1942, the program was to run for only one ;
Metropolitan Fire Reassurance Co.—Pays, 25% Stock ? ^year; 'However,? it proved; to' be such a: practical! approach to the un)■': precedented situation confronting- wartime automobile dealers, that .it
Dividend—
was extended, for an. additional year..
Basic arrangements of the plan
Thii companyv a wholly owned subsidiary of the Northeastern Insur-,
were adopted by at least one competitive company and sometime later
ance
Co. of Hartford, Conn., has increased? its capital from. $400,000
.: by
the Reconstruction ; Finance. Corporation in attacking the same :
-to $500,000 by: stock dividend as of Dec.
28. The sum, of $100,000
problem.
/'■ r;■
was taken
from surplus.
The par value of the stock was increased
In
essence ,1 the
dealer
monthly
income plan,. provided a
means
from $25 to $31.25 per share. "■x/' ;-vv' -;.:
twhereby; Nash' advanced monthly intex'est charges accruing' to dealers'
The. year-end, statement will show ■ this company with a capital of.
.on
their new car inventories, without delay, thus
relieving financial
.$500,000 and a surplus of approximately $740,000 after this action.
pressure on individual dealers.
Specifically, the Nash dealer "monthly
Surplus at the. first of this year was about $700,000.—V. 138, p. 2418.
income, Plan" ;provided a; method whereby the- dealer could receive
as monthly income ,in; ..cash; the appreciation' value
(approximately $10
i Mexican Light & Power Co., Ltd. (& Subs.)—Earns. -per caf) on bis new car inventory, instead of carrying this increasing
.
$361,979
301 609
railway—
from railway—
Net
Nash-Kelvinator
dealers, that March
1940
$648,731
702.302
from
Net
Corp,—Report? Results In Terminat¬
ing Dealer Income, Plan—
.
1941
$1,059,502
Net ry. oper/ income—
will' pay to : its policyholders, in 1944,. dividends on the
"same scale as in 1943according--to announcement! made on Jan. 5
by Lewis Wx Douglas, President, following a meeting of the board of
trustees., The total dividend provision for 1944, he stated, Is approxi"mately $13,200,000.—V. 158, p. I860.-
the first
take
New Orleans Texas & Mexico Ry. -EarningsNovember—
Gross
: Company
joint merchandising program of Plywood and
companies. : The: major expansion will occur
the
accumulated
have
payment .into account, arrears as
$48 per share.—V. 146, p. 3961;
Mutual Life Insurance Co. of New York—Dividends to
•
.
definite step
allied products
after the war
"ends, but our confidence in the outlook will be .shown byour. action. ;
"We are not waiting for the end of'hostilities to begin this expan¬
sion, which will in no way interfere with our full-scale concentration
on
production of war supplies, towards which practically the full
capacity of both companies is engaged."—V. 158, 'p. 2192.
x/X/\ :
the
"Within
<
in
dividends
be Unchanged in 1944-^- •;7-7',x
A.:
of
f
kwh.
10,829,655
ago.
'
2048.
inaugurated.
;
to
:h-;•-
.
''Net oper.', income/-.
reply- to
'
amount
Operating-' expenses iuOperating taxes_^__1.
y
^tock, no par
inquiries, a; statement issued on Jan. 8 in behalf of
Volt,:, President of this company,: and Lawrence Ottinger,
'President: 'of the United States Plywood Corp., revealed that the joint
post-war plywood sales expansion plan, of these companies-will shortly;
-Tn-'
.
will
;
'
.
(The> Mengel CO.—Post-WaT' Sales Plan— \
Alvin
1943
of
Association—Output—
this Association reports electric output
increase of 498,255 kwh, or A.60%
an
New England Telephone & Telegraph Co.—Handling
Increased Business—
Mountain States Telephone & Telegraph Co.—Earns.—
>
:
which
on
Taking' the -present
•
Period End. Nov. 30—
of 75 cents per share on ac¬
of,-accumulations on the $3 cumulative preference
p.
shares,
3.
'
value, payable Feb. i to holders of record' Jan. 14.- - Distributions, dur¬
ing- 1943 were as follows:
Feb. 'T. ' 25 cents; May 1 and Aug. 2, 50
"cents each; and Nov. 1, 75 cents,
Arrearages after- payment of the
-current declaration will amount to $2 per share, according to reports.
V. .158,
1935*.
.
is
week is reported at 155,621,000 cu. ft.,
an
increase
of 19,445,000
cu.
ft., or 14.28rfc
above production of
136,176,000 cu. ft. In the corresponding week a year ago,—V. 159, p. 11.
account of arrears, payable on
This is the first payment to be
on
-
'
Maytag Co.—75-Cent Accumulated Dividend—
count
Jan.
Operating
revenues,—
..Uncollectible oper. rev.-
The directors - have declared1 a dividend
.
record
y. 145, p. 122.
.
.
par)
end ,of
production
This
Gas output for the Dec.
share on the 6%
dividend of. $6 per
a
($100
these
on'
."'.of-- the
kwh.
y;-;/
.y..;'have ^declared
shares
holders of
to
Jan.-1,
:
to reach $2,500,000.—V.
year
preferred
Jan.
$1,300,000 and it is
158,
to. approximately
end of. the second
2582;
j; The. directors
consideration, for
for employees, the
under
year- will
the
year*
1605.
Moirs, Ltd., Halifax, N. S.—To Pay Dividend on Ar¬
"
In making
above
individual
as
150, p.
"
rearages— \
x-;.
-
.
.
of .11,327,910
.
the Connecticut
with
Annuity contract
Hartford, Conn.
For the week ended Dec.. 31,
;
(The) Mohawk Yalley Co.—Individual Trustee Resigns
which all employees of the above company
"and its subsidiaries, less' than 65 years of age and regularly employed
pension
.
'
-»
•
Company on Jan,' 4,
Co,
of
York
New
1944,
filed with the
Manufacturers
arid
7;/
x'-''''-"
Continental Bank
Trust Co., as
trustees
& Trust
Under
its
accordanceXwith the plan
'of reorganization, as confirmed by order of the U. S. District Court
for the Southern District of New York on Dec. 9, 1935, a determina¬
tion, declaration",and statement-of its net earnings for the fiscal year
ended
Nov, 30,
1943, it was announced on Dec. 29, last.—V,; 158,
px 2256.
x,7
;7,7:;'7',7-"'x'/7. ■■
7,7-;;x ' 7x'7
first
and
second mortgages; .respectively,, in
.
New
Central
York
,
Court
RR.^—Supreme
Overrules
*
ICC—
-
•
The
,
•financial
Period Ended Oct. 31—
-
-
1943—Month—1942
1943—10 Mos.—1942
,
$956,506 $10,175,078
676,999
7,266,056
—$1,055,955.
Oper. exps. & deprec.—
792,988
Gross earnings
anteed
$9,433,914
6,366,907
Net
$262,967
earnings—-
$279,507
-
$2,909,022
Micromatic Home
$3,067,007
toward
shares
of
common
stock,
fAdjusted.—V.
158, p.
$0.65
tOn 127,335
.
1939.
:
November—
Gross
from
Net
from
Net
ry.
railway—
$1,304,742
.
$1,204,971
income—
■
184,874
.
317,937
.
^
1940
-
$864,804 / $793,580
422.444
•329.000
railway—
oper
;
1941
1942
1943
157.049
77,420
Net
'—V.
railway
ry.) oper. income—
158, p. 2471.
13,593,678., 12,273,629:
4,371,207
3,779,699
'.2,731,21?
3,321,430
9.876,934'
1,373,168
,
.
,
■X
2,216,533
Changes in Personnel—
Sault Ste. Marie Railway-
4 Months Ended Oct. 31—
the
1,. 1944,
will
dealer
be pressed
as
Gross
plan,
per
common
"On 270,000 "common
x
Net
,.
-1943
taxes-
'
share-^—
income—:
From January 1—
Gross from railway—
Net from railwayV.
guaranteed
first
refunding
$0.31
-•'.
payable
Jan.
quarterly, distributions of
15
to
l2»/2
holders
cents
of
Jan.
10,
made
on
record
each-were
steam railroad
'• ;-7
' -;
'"'x/
The
directors
have "authorized
anticipation
1941
103,334
1940
$229,477
108,909
1942 x
.$235,354
107,864
$257,373
184,564
127,005
107,997
.82,904
169,141
2,499,310
2.664,292
4,009,069
2,375,325
1,035,946
1,272,216
1,345,293
1,622,017
.2,899,363
1,622,347
2,723,922
1,277,119
income—.,
2256.
X
■
;
in full
of notes payable
of subsidiary companies amounting to $360,000.
The board also approved the refunding of bond and mortgage obliga-
Majestic Corp.—Earnings—
.
1942
$31,981
6
—V.
151, p. 3569.
;
New York Life Insurance Co.—Divs.
The
15,
Obligations of Subsidiaries Refunded—
.
p.
-Earnings-
Months to Sept» .30—
1943
Profit before income bond interest—$19,866
Regular
April
'
.
oper,
J58,
New York
■7
,
July 15 and Oct.. 15,.last year, with no extras.
mortgage, 5Va%
geries B bonds, due 1978, is being paid.
The Exchange directs that the
bonds be quoted ex-interest 2%%
JanX4, 1944, and that the bonds shall continue to be dealt in "flat,"
'and .to. be a delivery in settlement of Exchange contracts made begin-
"7;7.;
$82,589
$0.19
$224,959
railway-
railway——
Net ry. oper.
1942
$52,062
shares.—V. .159, p, 11.
from
from
Net ry.
■
1943
November-
-
on
■
New York Connecting RR.-
Nash
-•
.
income after, charges- and
stock, both
The New York Stock Exchange "has received'notice that the interest
Jan.
part of general
appointed a Vice President and General
Manager of the. New York Central System, with headquarters at Cin¬
cinnati, Ohio. He succeeds Gustave Metzman, who was appointed re¬
cently a Vice President at Chicago, 111.—V. 159, p. 11.
National Department Stores Corp.—Extra Dividend—
extra dividend of 25 cents per share and the usual quarterly
dividend/of 121/2 cents per share have been declared on the common
Interest—
due
a
John J. Brinkworth has been
An
(
electric., railways not
X;7-:-
•
1,212,519
.
Minneapolis, St. Paul &
interurban
or
system was applicable. : "
of
of .the-discontinuance of
."Earnings,
8,898,387
2,381,688
result
Net
From
Net. from
X:*>x.>•;
well satisfied with the
National Airlines; Inc.—Earnings-—
.
'
January 1-^Gross from* railway-—
,
•
the company will continue
'to guarantee the .advances • representing the value appreciation of cars
in unsold inventories.- The dealer will
simply assume responsibility for
,interest charges after March 15, 1944.—V. 158, p. 1350.
•
:
;
7
180,153
68,394
-
xx,-x
the Assistance
income plan was placed in operation."
In order to insure -further that no
a
Minneapolis & St. Louis RR.—Earnings—
:
dealer received
1
and provisions, for Federal income and excess profits
$215,304 in 1942.
The
,
1942 : '
;. %$82,229;
•
.
"After charges
.taxes amounting to $389,553 in 1943 and
was, sold.
;
--'' 1943• ■
•Net profit:u-?''1 $149,888
^Earnings per common share—
$1.18
■
car
contribution, it has made
Nash dealers through this plan," said L». F.
Skutt,; General Sales Manager, in announcing the final termination.
■•-,,•
"Although Nash originally committed itself to maintain the plan in
;
operation fori only/ one year, it proved to be such a desirable and
^practical,., program- that we extended it for a second year. We are
announcing the final -termination -of the plan sufficiently well in,
advance so that those dealers still .utilizing the; program will have
:ample time 'to make local financial arrangements now readily avail7- able, but, which were .not. .available to them at, the time our monthly
Corporation—Earnings—
31—■!"'''■''*■
the
regular financing source/Nash guar¬
.advances and paid the interest or finance charges on the
"The .'.corporation is
158, p. 2254.
Quarter-Ended Oct.
the
until
from,, his
monthly advances.
.
.
-V.
burden ..himself
..•the monthly .advances
S.
Supreme Court has, set aside an order of the. Interstate
Commerce Commission authorizing the
road to abandon its electric;
branch line running from Van. Cortlandt, Park Junction, New York
City, to Getty Square, Yonkers, N. Y;
The way was left open, how¬
ever, for reconsideration by the Commission.
7
7 7
The Court held that the ICC neglected to decide whether a provision
of the law denying the Commission jurisdiction, over street, suburban
.
!. (Expressed in Canadian Curreg
v
,'-.
7
U.
directors
have
voted
maintain
to
the
Unchanged—
same
scale
of annual
company's policies in 1944 as was applicable in
1943, it was announced on Dec. 30 by George L. Harrison, President,
The amount of dividends payable to policyholders in 1944 is estimated
dividends
to
be
the
approximately
Interest
arising
under
will
from
be
$33,600,000.
allowed
matured
in
1944
life insurance
on
funds
and
held
annuity
by
the
company
contracts and
on
the
with,
left
rate of 3%
the
per
annum,
company
.
J
$716,985
$726,377
$452,344
209,117
270,635
90,454
111,882
1—
From January
Net
158,
—V.
2,259,253
1,049,096
income—
2256.
oper.
ry.
p.
.
.
Operating expenses
other than Fed.
212,431
income
"Fed.
profits
exc.
taxes
155,300
450,300 y\
'$960,832
12,554
497,000
10,839
income
Gross
City
Ohio
Bell
"Federal
and
income
the
1942.
Act of
\
'■•v
v
JFor
been
adjusted.
companies
subsidiary
of
income
Statement
income
j
1942
1943—3 Mos.—1942
Federal
income
taxes—
Int.
notes
on
;
,
of
7,605
836,264
$5,809,300
rev._
„■
$802,935
$9,167,112
823,249
765,316
8,762,518
/
$155,419
- ; ---
..
:
31,
1944,
The
York
New
shares
of
Exchange has authorized
stock (par SI 1.
/
Curb
common
for
9
Months
Ended
Total
-
,
Net
expenses
than
other
to the date of redemp¬
each share of $5.60 series, 58 Vb
to
Co.
Power
:
(&
.
Deductions
Provision
gross
Federal
income.—
40,857
—V.
159, p.
Life
%
$45,215
$181,296
7
'
158,
,
,
p.
J.
—____
$48,293
$45,215
1Q4T
38,632
:
;
K.
have
taxes
-
will
sale
.
1475.
Gross
from
Net
rv.
rallway.i-^-
from
Net
—V.
"
1941
31,947,192
on
Jan.
4
Wade's
1176.
1940
*
'
\
•
1,325,615
-
headquarters
in
be
will
Jan.
on
3
repor+ed
a
record
1942,
in
320,530
Total
of
as
and
as
brings
of
Dec.
assets
the
the company's total
31, 1943, according to
increased
preceding
to
77,258,816
62,820,309
23,480,886
the
be
with
Traditionally
■'
of $1.25 per
ard
try,
the
first
increase
in
insurance
after
80,824
at
gain of $17,346,565
insurance in force to $544,a
surplus also increased, to $7,871,331
the end of 1942.
the report reflects general life
'
;
as
an
-.
indeoendent business
Wilkes-Barre, Pa., and with the same officers and
of its operations.
Jesse A. Bloch will become
of
Penn
Tobacco
while
T.
F.
Flanagan, Presi¬
will join the board of Bloch Brothers.—V. 146, p.
used
construction
for
1887.
1
Equipments—
on
the
in
railroad's
own
shops of 18
approximately $5,200,-
500 box ears at a test of
159,
the company.
Hankins
Frederick W.
ef
and
Assistant
as
insurance,
Vice-President
announced on
was
12.
p.
■
company has
to be known
T.
10
charges
common
common
1.
published
Months
Ended
Oct.
31,
/
t
.
in
insurance trends with
the
an
indus¬
increase
the
making
In
The
trust
$388,728
taxes........
and
sales
new
Beale
that chemicals used in agriculture are rap¬
2474.
p.
■
Ry.—Seeks Bids on Equipments—
company
will
bids
open
certificates, due in one to
Jan. 18 on $2,200,000 of equipment15 years. Bidders are asked to name
,*
100
46.
y.;
7
.
V'/.-'y
•
-iV-'■
Philadelphia Electric Co.—Weekly Output—
electric
The
week
ended
this company and its subsidiaries for the
194|r amounted to 126,126,000 kwh., an increase
output for
Dec.
25,
yof 11,154,000 kwh., or 9.7%
preceding year.—V. 159, p. 46.
corresponding
the
over
period in
the
/
Philadelphia & Reading Coal & Iron Co.
/
Net
vV
i
other
and
sales
"Net
%
loss
oper,
•
<'
depreciation,
interest,
etc.,
taxes,
but,
(& Subs.)—
/:■■'.'■ ■-.-
/%:■. ' .yy/;
1943
1942
-1941
$51,006,664 $42,033,627 $37,169,590
$1,670,432
521,334
278,944
income-,-
—
"After
depreciation,
158,
p.
Feb.
in
895.
:. •
••
"1943
taxes,
before
etc.
tNet profit after interest,
provision for the undetermined
in wages.—V. 158, p. 2474.
12
'
Mos,—1942
$
$
-35,857,000
30,483,326
130,956,000
112,605,753
9,041,679
t47,445,000
34,410,946
5,954,000
■6,031,073
25,638,000
23,977,198
92,000
Dr217,103
Br814,000
Dr705,543
45,356,078 204,039,000 170,993,897
'
operarting income
income—Net
to
each
of
Corp.—$1.75 Accrued Dividend—
$1.75
holders
quarter
of
per
7%
the
on
share ha's been declared on
cumul.
preferred stock, par
record
Jan.
during 1943, and,
in addition, an additional
last.—V. 158, p. 1381.
6,046,000
deductions
5,813,970
748,000
<24,824,000
23,271,655
' 878,372
J
dividend
per-share was paid on Nov. 1,
Pierce Mfg.
Co., New Bedford,
Stockholders—
Share Made to
'
.
3,420,000
Mass.—Offer of $1 A
*,,J
C
dffered. $1 a. share for stock of the
above company,' whose-plant has been-inactive for several years and
has very little, if any, machinery left in it.
The offer was to have
expired Dec. 10, but it is understood that it has since been extended.
Up to Dec. 20, over two-thirds *of the stock had been deposited with
'the First National -Bank-of New Bedford, .Mass.
The- total-capital is
Andrew
Pierce,
G.:
Jr., recently
or 6,000 shares + of .$100
par
Reporter.'')—V.; 142, p. 1653. .
$600,000,
income
account of ac¬
$100, payabTe
was made
similar distribution
A
20.
-Earns.
til,089,000
52,900,000
1
of $1.75
(& Subs.)
"1943—3 Mos.—1942
f
dividend
cumulations
$1.94
share...
shares.—V.
^
Interest
a
rate.
Phillips-Jones
...i...
Total
organization
announcements Mr.
to the fact
A
expenses
Other
its
Agricultural Chemicals Division, said Leon¬
the
importance for the company.—V. 158,
1943
...
Taxes
within
established
as
President.
Beale,
Pere Marquette
Ohio.
Toledo,
.Cotton
value. ("American Wool and
- ,tr-V >■- •; '
3,107,016
.
,
4
Pittsburgh & West Virginia Ry.—Earnings—
:
.Net
income
5.298,000
Dividends
i4,935,598
5,537,000
"Month
December
of
estimated.
21,404,000 $20,164,639
4,306,563
fFederal
20,303,000
taxes
have
during 1943 at rates imposed by the Revenue Act of
of
reservation
post-war
the, 10%
of
of
1942,
accrued
and
post-war refund of excess profits taxes.
income
refund
19,687,500
been
made
excess
in
Dec.,
profits
tax
1942,
in
for the
respect
year
of
reflect
$Before
the
1942.^-V.
10%
158
n,
American-Grace
Airways,
Inc.—Operations
Net
from railway-——-
Net
ry.
-
•
1941
1940
'
$513,594
.186,005
154,963
$460,362
198,024
189,727
$341,941
2 00,220
90,512
,5.886,382
2,050,653
1,617,227
4,849,937
1,741,361
1,481,695
3,826,517
1,017,546
835,415
162,790
oper.
from
Gross
Net
from
ry.
158,
railway—
p.
all
this corporation during
categories
in the
1943
exceeded
by far its
eight great republics it
serves
on
1942'.
1—
railway—
oper.
125,261
income—
From January
income—
2258.
7,157,240
2,545,653
1,667,608
Pittsburgh Coke & Iron Co.-
Operations of
in
''
$562,422
from
at
Recordrecords
iv:
railway——
—V.
Pan
1943
■■'' '
November—
Gross
Net
2473.
the report,
statement
'
»
.
.
will continue to operate
•12 Months Ended Sept. 30—
revenues
deduction
1942.
$103,048,866, compared with $93,777,557
the Dec. 31, 1943, statement shows.
year-end
:■
Privately—The
called attention
.
Operating
11,992,329
year-end,
$7,147,995
■
-
Board
retirement
5.—V.
.division
•
Operating
15,393,571
18,617,205
Capital, contingency reserves and
compared
75
<•
charge of real estate, purchases
Jan.
Cement Co.—Earnings—
$
.
company
15
liability which may result from any increase
Period End. Dec. 31—
(Del.)—Weekly Output—
force, or 2Vz times the increase recorded in
The
increase of $45,776,454 compares
with
and July
cents;
Official Retires—
The
in
the
''-v
dividend
quarterly
a
Pacific Telephone & Telegraph Co.
1,580,367
Northwestern National Life Insurance Co/ Minneapolis,
The
50
the
1673.
p.
income
"On
>
Minn.—Results for 1943—
in
15,
par
no
new
Earnings,
of
output
Jan.
■
Bids will be received up to 1 p.m., Jan. 12, and bidders are to name
dividend rate.y..
y ,y/.y/yy.ry-y y ;
■ v.y-: — v'-7.y.%;/
/
%
President of Libbey Glass Co., and H. S. Wade, Presi¬
Pacific
Coast
Co.,
have been
named Vice-
Mr.
Pacific Portland
-
this company for the week ended Jan. 1, 1944,
totaled 39,705,000 kwh., as compared with 38,621,000 kwh. for the cor¬
responding week last year, an increase of 2.8%.—V. 159, p. 12.
Electric
Pay-
"
Owens-Illinois
158,
Net
States Power Co.
common
Jan; 8.
p.
with
accordance
in
computed
declared
stock,
common
158, p. 2257.
Northern
-y-
;
000, the balance to be furnished by
$5,834,324
1,328,764
37.379,173
24,954,440
50,434,994
income...
oper.
"
the
cn
Equipment securing the issue will consist of 12 freight Gcomotives,
composite flat cars of 70 tons capacity and 100 gondolas.
Aggre¬
gate cost of the equipment is expected to be about $2,812,483.—V. 159,
Outlet Co.—To Pay $1.25 Common Diiv.—
;
$7,696,100
1,801,262
railway..^. 135,336,302 107.400,405
declared
been
cash
steam locomotives and
.
$187,652
$12,256
$6,584
been
1942.—V. 158, p.
Wright,
of
—V.
;
1—
From January
has
15 to holders of record
$29,056
V
168,800
$10,437
"Earnings, per
1Q49
railway.™. $14,571,959 $11,749,419
6,256,302 , 4,783,366
Net from railway
Net ry. oper. income.^.
3,927,739
3.036,819
from
Pay 50-Cent Dividend—
share
158,596
$181,056
37,856
Both subsidiaries became divisions of Owen-Illinois Glass Co. on Jan,
Net
November—
and
The road is inviting bids for the purchase of $1,155,000 equipment
/.trust certilicates, series "O," to be dated Feb. 1, next, and to mature
in 15 annual installments, the last being Feb. 1, 1959.
Proceeds of the
Dr 4
deducts.
income
the
on
dent
Northern Pacific Ry.—Earnings—
Gross
April 30 and July 31, 30 cents each;
follows:
■
•
Youngstown Ry.—V.
'
of New York, it was an¬
2, has purchased through Stifel, Nicolaus
Earnings— ' v
$80,436
_......_y——____
Canton &
Akron,
con-
2194.
per
as
■
in- charge
$187,656
DT 239
Owens-Illinois Glass Co.—New Vice-Presidents—
54,000
.
Northern Ohio Ry.—Merger Authorized—
See
Mr. Roig said,
Insurance. Co.
in
sum
dent of Penn,
value, payable Jan. 26 to holders
of record Jan. 21.
Distributions during 1943 were as follows: Jan. 25,
$1.25; and May 1, Aug. 2 and Nov. 1, $1 each.—V. 158, p. 1476.
48,467
...
12.
■>_
of
44,924
$48,256
directors
The
$182,902
taxes
profit——
post- "
Pennsylvania Salt Mfg. Co.—Sales Division—
14,715
-■
36
other
Presidents.
Net
were
.'
personnel
...
income
Pangara's
68,725
11,960
income
share
—$90,012
92,891
income
year
7.
The
73,517
taxes.
income
(The)
' 529,609
;
—_
from
for
last
Chairman
1943—12 Mos.—1942
$1,038,467
$1,212,180
742,796 * ; 9.10,874
17,278
income....
Revenue Act of
1943
30,
;
income
These plans,
idly growing in
____
income
"Federal
expenses
non-operating
30,
158, p.
with headquarters in
Fed.
17,718
income
and
Net
of 500,000
the listing
revenues^^^...—$'619,621'
Gross
Jan.
cents
50
Penn, it is said,
.
Subs.)—Earnings—
1943—3 Mos.—1942
$261,854
$297,453'
183,918
220,243
profits.
exc.
oper.-
Gross
Int.
operating
Total
far advanced.
the
at
y'y:j
Brothers Tobacco Co., it was announced Jan.'1 has arranged
purchase-the 144,405 outstanding shares of the company for an un¬
to
T
,
"
operating
operating income...
y -
that
Bloch
v--
may
revenues
and
"Federal,
Total
Net
completed
was
recently
Stock to Go to Bloch Brothers—
f
Co.,
Dominion
oper.
inc.
Total
;
to
& Co., St. Louis, Mo., acting as agent, $1,100,000
Zl/z%^
sinking fund debentures, due Oct.'■ 1, 1958. The issue
represents a refunding of a previous 6% issue in like,
amount and will be unconditionally guaranteed as tot;:
principal and interest by Bloch Brothers Tobacco Co.
of Wheeling, W. Va., which has recently acquired the
165 Broadway, New York City.
tender their certificates for payment at any time
company,
whereupon prompt payment of the redemption
trust
Operating
by Atlas Corp.
Sept.
of
nounced Jan.
/
Statement
Ineome
dividend
ments
at
respect
with
cents
Period Ended Sept. 30—
'
/
follows:
as
were
cents.
1
Curb—
building-
c-'v.
Pennsylvania RR.—Seeks Bids
of the preferred stock $6.60 series,
been called for redemption and will
the redemption price of $115 per
shares
series, have
Jan.
55
Trust
Old
r
$96,101
above.
on
Zone
*
the
Listing of Stock
Canal
8,363,683
respect to each share ot $7 series and 60 cents with respect
share of $7.20 series.
Payment will be made by. the Chemical'
&
Other
See latter company
office
disclosed
stock, no par value, payable Jan.
•
-
$8,637,940
plus- amounts equal to accrued dividends
the
to
158, p. 1175.
Northeast Airlines, Inc.—Control Held
modern
a
President,
Penn Tobacco Co.
$812,095
$7.20
on
Stockholders
836
' $23,429
and
being
Bank
$96,936
70
payable..
Peru
Roig,
Pelham Ilall Co.—To
1943—Month—1942
.
outstanding
the
each
to
4,369
6,571
.;~y-
$28,499
$36,264
i._—f
income..
Net
—V.
$650,000 1st
Edison Co.—To Redeem Preferred Issues—
redeemd
Taxes,
Income
Gross
the
in
price will be made.—V. 159, p. 12.
3,939:
-
;
income.
series
tion,
$155,419
1,465
'2,081
1,486
other than Fed._
Taxes,
8,093
In
J.
30, 40 cents.—V.
A
cents with
1M3—9 Mos.—1942
$173,161
$120,413
6,197
12,537
•
$40,138
2,566
exps._
from
year
Parke, Davis & Co.—30-Cent Distribution—
1943
Co.—Earnings—
Telephone
income...,.—.'
::j.
158, p. 2473. ■•■■;;;
share
Only)
(Company
$40,315
—
admin.
and
Income
of
Period Ended Sept. 30—
Total
y
Proceeds were used to retire
\
"
-
oper.
oper.
All
distribution to
of dividends
-; '
available- for
not
with
A dividend of 30 cents per share has been declared on the common
stock, payable Jan. 31 to holders of record Jan, 13. Payments during
,
$5,153,037 $61,295,926 $54,140,870
3,013,733
36,043,168 32,427,629
1,336,369
16,085,646 13,075,301
be
because of restrictions affecting the payment
the common stock of certain subsidiary companies.
Gen.
1769.
p,
7,354
$7
respectively,
$275,O0B»
company
on
v'//-'.:/
revenues$5,801,946
expenses —•/ 3,399,665
taxes—_i
1,590,186
Ohio
1942 nine-month's
and
$335,000-' ahd
approximately
includes
—V.
■
.
,
1943
the
in
income
net
Note—Consolidated
periods
earnings '
comparison,
of
purposes
Net
Net
surplus.
,
/ '
figures published in
yy
V. yy
accounting, were credited to earned
previous
plans are already
war
Bonds are dated Aug. 1,1943,
1, 1968.
revenues—I-
Operating
$574,677
represent
charges
ciples of
net
Harold
disclosed
amounts equivalent to reductions in the
required provisions for income and excess profits taxes, due to cer-,
tain deductions (not related to current operations) permitted by
the
Revenue
Act of
1942.
These deductions were of such a character
that
the related
tax reductions,
in accordance with accepted prin¬
tThese
the
above.—V. 158,
Co.
Operating
$397,861
profits taxes have been computed in
excess
Revenue
the
airport at Limatambo.
„
i; 1943—11 MoS —1942
$5,157,991 $61,366,949 $54,242,733
4,954
71,023
101,863
Operating
$2,965,077
2,567,216
$3,134,943
2,560,267
$118,109
$193:298
—
with
accordance
have
^
■
(of Mass.).
Period End. Nov. 30—
Operating
income
Net
1
Colombia.*
:
•
Oct. 29 last placed privately with the
and mature Aug.
$2,933,643
58,856 T" ■ 31,434
853,563
frequen¬
possible
thus making the 5,400-mile run the world's longest allcommercial air transport operation.
In Ecuador, Aerovias del
Ecuador-Panagra extended operations north from Quito to Ipiales in''
Sewer
Insurance Co.
920,690
$3,076,087
$971,672
$1,037,535
844,237
—
deducts.
other
and
and
as
DC-3s
new
Penn Tobacco Co.—Debentures Placed
Uncollectible
Int.
much
as
three
cargo
City Water Service Co.—Bonds Sold Privately—
existing 5V2S.
income——
income, net-
•
Balboa
fares
of
Lima,.Peru,
Service Co.—Bonds Placed Pri¬
vately—An issue of $380,000 1st mortgage 3V2% bonds
were placed privately Oct. 29 last with the
Massachu¬
setts Mutual Life Insurance Co. and State Mutual Life
125,669
165,800
$1,024,981
,811,815
41,769
—
—
oper.
Other
..
& excess profits
come
Net
•!
■
■
Mohawk Valley
Ocean
;
in¬
of
lieu
in
tCharges
,792,787
780,200
307,218
300,600
tax—
{f
1,768,350
673,619
592,812
.v
1942.
inaugurated
...
;
bonds.
1943—9 Mos.- -41942
2,320,848
2,654,613
584,620
taxes.
Taxes,
-,-i
the year
miles as
permitted'
and Lima, Peru-Santiago, Chile,
'services and to operate extra cargo flights of importance in stimulating
'the economic life among the west coast republics; '
^
>.
,
In February, Panagra extended to Buenos Aires the 'all-cargo route
mortgage %lk% bonds, dated Aug.;1, 1943, due Aug. 1,
1968.
Proceeds were.. used to refund existing
51/2%
210,266
7.637,528
in
1,600
increase schedules
Individual
of
tual Life Insurance Co. (of Mass.) an issue of
$4,389,278 $14,386,084 $13 ,081,603
$4,932,546
year
y %
during 1943, to
to pioneer new routes, to reduce
the equipment
available.
Acquisition
Panagra to increase its trans-Bolivian
Massachusetts Mutual Life Insurance Co. and State Mu¬
-Earnings-
1943—3 Mos.—+1942
Period Ended Sept. 30
'■Federal
to 2,500 from
rose
Panagra continued,
Mutual
Operating revenues
the
home
Co.^—Resignation
Utilities
The company on
4,170,144
781,680
705,327
(& Subs.)
Utilities Co.
North West
1,317,644
5,101,143
7,300,991
2,561,108
1,190,691
'7,717,027
railway—,
from
Net
railway
from
Gross
96,782
nel
cies,
of
including
owned,
estate
real
■
NJ
PA
The
See
$385,290
•
for
the year previous.
It carried 69,000 passengers as
compared with 56,770; 2,000,000 pounds of express as against 1,330,000
280,000 pounds of mail as against 242,000 pounds.
Person¬
v
34,859
income.;—
oper.
ry.
of
Trustees—
86,27(5
34,352
railway—
from
Net
railway
from
Gross
estimates
...
,
■against 43,000,000
Oct.
1941
..
/pounds;
•
NY
1940
1942
■,
.
had
office building, %. ;■ template the use of four-engined equipment as soon as it can
continued
the downward
trend of recent years, showing a further ; -Four engined equipment, Mr; Roig pointed out, would make possible
:
full night operation not heretofore feasible for passenger-service oh
shrinkage to a figure of $2,014,774, or 27c of total assets.
Appropriate provisions have been made
Total
death
claims
paid during the year
were
$2,912,271, while i. much of Panagra's routes.
for this in Panagra's: new,
extensive radio installation and arrangepayments to living policyholders amounted to $2,706,602, making a
}ymentS'for meteorological facilities • and airport enlargements and im¬
combined total of $5,618,873 paid to policyholders and beneficiaries
provements.-—V. 158, p. 2473.
;
■
during the year 1943, the report shows.—V. 157, p. 258.
item
The
Ocean
1943
November—
Net
..
Power
Southern RR.—Earnings—
Norfolk
;as
.
matter.
..
..
1Q40
QfW
Commission ordered the write-off in 1942 after
proceedings in which
it determined the actual legitimate original
cost of the company's property and directed the company to restate
its accounts on that basis.
The company appealed the Federal Power
Commission
ruling to the Federal Circuit Court of Appeals
which
decided against the company.
An application to the U. S. Supreme
Court for review of the decision was recently denied.
The Niagara
Falls Power Co. had an earned surplus on Ott. 31, last, of $5,195,313,
The
steps contemplated,, if the necessary #lhorizations from other
regulatory bodies are obtained, would leave the earned surplus of The
Niagara Falls Power Co. intact.—V. 158, p. 2050.
r
.
'
this
in
Federal
•■
piled up a total of 4,700,000 plane miles during
compared with 4,030,000 in 1942; 57,500,000 passenger
Panagra
at such a
volume of
loans: against their
policies, reducing the company's outstanding policy loans from a total
of
$8,516,663
as
of Dec. 31,
1942, to $7,506,260 -as of -the end
of 1943, according to the statement.'1 ">
1;. iy {■>,
/•;
•' y,'" ■;;
Northwestern's holdings of United States bonds-climbed from $34,^
047,883 as of the end of 1942 to $42,774,-744 by the-end of 1943. 1
:
The report also shows moderate increases in the company's hold¬
ings of railroad and public utilities bonds.
Railroad mortgages and
equipments stood at $7,354,750 as of the end of 1943, compared with
$6,064,197 as of the end of the preceding year; public utility bonds
■totaled $15,597,882 as of the end of 1943, compared with $14,487,748
a
year previous.
Total, amortized value of bonds in the company's
portfolio was $71,729,105, or 69% of total assets, as of -Dec'. 31, 1943,
compared with $60,033,329 as of the preceding year-end.
policyholders
by
pay-offs
of
rate
accelerated
South (America,, preliminary
of
Coast
.disclosed.
,\.Y
•
.•
loans made during the year,
the . total, outstanding
actually revealed a slight shrinkage, from $18,174,705 as of the end
of 1942 to $17,658,113 as of the end of 1943.
< ;
■
"
>
A
similar reflection of high war-time incomes was
shown in the
Restate Value of Stock—
Earle J, Machold, President of Niagara Hudson Power Col'P-r. Par®"t
company of
The Niagara Falls. Power Co., has announced .that the :
latter
company will proceed immediately
to petition the New Yoik
Public Service Commission and the Securities and Exchange Commis¬
sion for permission to restate the value of its capital stock., Th s
step is consistent with an amended ruling of the Federal Power Com¬
mission received by the company.
The order fixes the amount of the
charge-off at $14,500, which may be made against ^capital suipluv
rather than $15,500,000, which was originally ordered to be ^charged
to
earned surplus.
The order must be complied with and . sufficient;
capital surplus created by March 1, 1944. This order hy^he Commis¬
sion settles ail the questions at issue between the company and
the •i
The
from
mortgage
new
■
Niagara Falls Power Co.—To
Commission
West
to $68,800,852 in
Premium income
in" 1942
$43,349,541
from
$11,892,991 in 1942 to $12,959,231 in 1943.
Pay-offs by home owners on their mortgage loans were
record high rate during
1943 that-despite' a" substantial
increased
.
;
business
new
of. this increase was ih group insurance.;
Most
1943.
or
of
Sales
in
•
to accumulate at interest, at
at the guaranteed rate, if higher-.
The action taken by the board of directors is subject to the usual
February ratification by the board after the final results of the opera¬
tions of the year 1943 are available.
.
New York' Life has been a mutual company since it was founded
in 1845.
It pays dividends to policyholders only.—-V. 158, pp. 1536, 489.
dividends
cash
Monday, January 10, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
112
1942
the
This
sold
its
blast
-Sells Furnace-
to a Youngstown. Ohio,
furnace at Sharpsville, Pa., to the Hetz
company,
according
d'.^atch, vas
Construction
'
Volume
Co.
It
that
added
was
furnace for
Coke & Iron Co. will operate the
present stock of ore and other raw
Pittsburgh
few months to
a
THE COMMERCIAL & FINANCIAL CHRONICLE,
Number 4245
159
use
up
made on
was
.
to
July 25,
1938.
$30 per share.—V.
Arrearages
158, p.
at Jan.
as
1,
1944,
113
The
amounted
294.
R.'.Hezt, head "of.-the' Hetz
Russell
either be
be
sold
to
other
dismantled
the furnace .will
in
Regent Co.—Dividend Resumed—
operate it independently
will
re-erected
be
concern.; said-
*
interests which
to
or
this
of
section
other
some
dividend
A
no
country or possibly in South -America.-—V.
158, p. 2258.
Robert
J,
Calvert
and
and. Assistant
Pollak
Kenneth
respectively.—V.
Neb income
after charges
Earnings per
common
Note—L.
Pollak,
tiation
L.
for
1942
and taxes--—
—_
said
payment
no
$4.48
,.
158, p.
gressing— Sells Stocks of Subsidiary— /
This
,
the
for
Co,
agreed
stocks
properties,
ernment
take
by
The
ber,
being
received in
the
"just
steps, to
July
Administrator"
Court
placed
the. Capitol
full
property.'.
Bonds
the Gov¬
of
N
Aug.
1941,
Union
the
the
on
Jan.
1,
the
Co.,
last,
45
Beaver
Jan.
on
bonds
Street,
,^standing
There
.7't
5',w
refunding
also
are
preferred
the
of
Id last
Dee.
Porto
Rico
mortgage
bonds
outstanding. $834,000
$3,000,000
and
of
Power
of
at
Co.
105
and
gold
6V<)
retired
delivered .to
which
at
on
15,
City,-
bids
is. owned by International
"Fihancial Post."—V. 158, p; 2259.
its
out-
Approximately
Power
Jan.
date
15,
the
payment
1944*—V.
Dec.
This
no
1937
will
(cover¬
"
An
dividend
a
value,
par
payable
Operating
company
be
of
stock,
of
15
on
157,'
of
cents
made,
or
on
and
Net
will
the. outstanding
98',fc
South
208
Salle
La
15
50
cents
March
1
111.—V.
158,
declared
a
preferred stock, payable Jan.
Norvin
Period End. Nov. 30—
H.
Rieser
share'and
per
have
been
the
10,320,855
Operation
Maintenance
local
and
Fed. taxes
Feb.
record
last year,
1,
10,016,725
1,272,425
1,221,027
2,697,040
v
2,429,536
.
2,641,567
2,042,669
taxes-
1,941,969
2,175,980;
21.
ry.
1,152,000
1,831,645
2
Net
of $5 per share on the class
holders of record Dec. 23.
to
this
of
surtax
and
The
shares
of
5%
common
($100
par).
$5,288,30b
$5,894,260
$5,901,050
1,328
90,512
Dr 11,275
—v.
$5,394,488
$5,289,628
$5,984,772
$5,889,775
2,369,254
2,525,382
2,630*503
long-term debtof
debt
disc't,
Amort,
2,311,671
.
shares of
•335
500,350
521,994
547,907
Cr21,592
Cr74,878
-
Cr26,592
44,332
49,935
47,251
v
Cr72,721
47,668
*
577,209
-
Net
income
158,
—
$2,60.7,521
—
$2,375,640
; $2,936,427
$2,661,405
2474.
p.
holders
Certain
the
the
of
resident* ih
stock
common
severally agree to sell
stock
common
distribution
of
retain .the
to
.
the
to
such
several
shares.
It
shares not sold
Funded Debt and
.
1st & ref.. mtge.
.
Series
Puget. Sound Power & Light Co. (& Subs.)—Earnings
Period End. Nov. 30—
Operating
•
revenues
.
1943—Month—1942
Rochester
have
underwriters
is. the
and
Operation,
—
.Federal
Other
141,178
—,
tax.
174,304
1,859,033
125,745
1,416,067
•
116,878
——
income
Series
of
$24,389,562 $21,507,007
703,237
8,335,1*78
9,224,521
883,385
Maintenance
Depreciation
88,377
153,589
1,013,384
130,107
2,669,923
2,578,029
Net
operating
$651,536
$722,965
revs.-.
8,163
19,648
$731,129
$671,184
206,368
$524,761
$8,206,632
"Int.
and
——_
_
7,078
amortization—
280,551
2,925,929
payable
__
$390,633
$5,287,781
Common
stock' ($10,
and
Deprec!
ry.
the
plan for recapitalization.—V.
159,
p.
Net
from,
Net
ry,
A
distribution
Feb.
1
to
nounced,
of
is
cents
12
stockholders
derived
of
entirely
share
per
record
Jan.
from
has
15.
dividend
and
company expenses,
In
been
This
declared
Other
<
.
income
Inc.
charges
for
1943, the corporation made the following distributions
per share:
13 cents; May 1, 8 cents; Aug. 2, 9 cents; and Nov. 1, 8 cents.—
158, p. 1538.
""Fixed
charges
Nov.
November
30,
Net
Approp.
Radiomarine Corp. of America—New Award-r—
A
-
.
second
representing
another
six
months
of
The
"E"
flag,
it
was
announced
on
Dec.
star
added
was
the
to
flag for continued production effi¬
ciency.
In addition, the corporation, in March, 1943, was presented
the Maritime "M" pennant and Victory Fleet. Flag in
recognition of
its
production
V.
158, p.
in
record
supplying radio equipment to
deductions
1941
i
to
Operating
&
income
30,942,432
16,189,361
expenses
Express taxes
Interest
funded
Other
&
Subs.)—Earnings—
1943—10 Mos.—1942
$
$
revs.
(&
1943—Month-r-1942
$
$
'
discount
25,574,396 287,627,353 207,389,265
12,447,578 149,258,994 115,206,735
829,840
10,183,946
7,771,983
100,097
95,843
990,581
949,441
on
_
and
deductions
transp.
5,778
5,799
147,953
64,324
13,565,751
"Payments
p.
revenue—
to
rail
and
12,195,336
127,045,879
84,396,782
other
carriers—express
privileges.—V.
159,
'
Railway Equipment & Realty Co., Ltd.—Accrued Div.
The directors have declared
,
of
accumulations
'Jan.
25
to
a
oh
the
holders-of
6%
record
July 25 and Oct. 25, last.
a
dividend of $1.50. per. share on account
first
Dec.
preferred,
31.
Like
stock,
par
$100,
amounts, were
'The previous payment, also $1.50
payable
paid on
per
3,032,918 f21,936,387
24,205,089
1,141,657
423,438
657,785
617,737
,
$1,978,555
.
$1,810,020
period Jan. J.»
665,690
635,952
from
$1,025,286
Dr 4,269
$1,027,239
$1,084,275
321,-137
* 326,994
$.706,102
75,000
1,514
75,000
estimated
taxes
income
compared
witli
$9,245,135
*
Only
$5,099,727
1,442,801
1,132,505
2,851,556
$4,231,688
53,769,568
$8,453,935
3,380,147
1,389,366
income.
1940
1941
1942
2,396,965
.__
railway
Net ry. -oper,
42,062,887
1,046,920
.
822,485
From
-
January 1—
from railway-'.
Gross
97,951,421
77,127,080
33,308,436
27,375,990
15,076,057
7,614,388
income.
20,577,468
22.719,093
11.558,059
4,439,042
oper.
ry.
.__
railway—
from
Net
625,465
$1,082,761
$704,104
for
159,269
259,842
$.1,032,147
Dr4,908
'
*
1943 and $692,420 for
1943
414,155
.
$1,021,017
320(235
$757,281.
$700,782
employees',
$629,104,
is
the
75,000
75,000
$631,102
$682,281-
Hearing on Reorganization Plan—
A
Feb.
■The
.hearing has been, set by. the Interstate Commerce Commission for,
16 to consider revision of the reorganization plan for the road.
date was fixed as the Commission ordered reopening of the re¬
organization proceedings.
The original plan was
rejected by the U. S. District Court in St.
mainly on the ground that the Reconstruction Finance Corpo¬
Louis,
ration and the Railroad Credit Corporation rectgved
ment.
Subsequently the .'Frisco trustees arranged
the
to
the
of
claims
ICC
Government
further action.
two
for
preferential treat¬
to purchase the
the plan was sent back
The hearings will be held before Ex¬
agencies
and
Joseph V. Walsh and Director Oliver E. Sweet.—V. 158, p. 2621.
aminer
$625,782
present intention, of the
of directors- to
per share on
common stock,
or about April 1, 1944, and, subject to changes in earnings
factors affecting dividend' policy,
to continue to declare
dividend
on
Company
of
20
board
the new
cents
Business—Corporation
and
St. Louis Southwestern Railway—EarningsPeriod Ended Nov. 30—
Ry.
oper.
revenues
Ry.
oper.
expenses-—
Feb.
25,
1920
rural
The
serving
share,
is
an-
telephone
a
independent
operating
the State
telephone
wholly
business
within
company
of
New
con¬
other
Federal
factors,
and
the
-..
to
Commission
that
the
New
York
Tele¬
in connection with the interchange of toll
facilities and matters relating to pensions and
Co,
<*..
and parts
Company has
employees..
-
Company's service
ties
$980,925
24,269
$692,459 $13,624,203 $11,150,705
28,392
327,597
283,766
inc.—
$1,005,194
323,102
$720,852 $13,951,799 $11,434,471
366,103
3,837,979
3,489,460
income.
income-.
$682,091
6,949
$354,749 $10,113,821
7,734 ■'
120,151
$7,945,011
97,345
$689,040
$362,483
$10,233,971
$8,042,356
315,484
259,034
3,122,939
2,781,652
$373,556
$103,449
$7,111,032
$5,260,704
income.
oper.
ry.
Net ry.
oper.
oper.
Non-oper.
Gross
income
fr. gross
Deducts,
inc.—
area
—V.
one
.
of Genesee,
Ontario,
Steuben
and Wyoming
Counties.
158,
p.
2366.
■
.
,
St. Regis Paper Co.—Extends Offer—
The
on
•
includes all of Monroe and Livingston Coun¬
income
Net
subsidiary, Rochester
Telephone Realty Corp., which is wholly owned and which owns certain
real estate property not now used in the telephone business of the
company.
income—
oper.
ry.
power
telephone
benefits
1,061,870
Deductions
Che U. S. Supreme Court sustained a finding
Communications
York' Telephone
other
16,771,233
83,110
Ry.
to control the functions of the company.
Company continues to have several contractual relationships with- the
had
Co.
921,197
1,400,000
105,707
Other
without
and
the
phone
87,476
1,849,099
York,
competition the City of Rochester and the adjacent
area.
Prior to Aug. 26,- 1943 the New Ycrk Telephone Co. had a sub¬
stantial financial interest in the company.
On the basis of such in¬
terest
889,023
9,006,883
858,368
99,186
income taxes-
Other Federal taxes—
Federal
Total
company
ducting
$4,335,351 $58,489,317 $43,185,442
2,072,306
26,110,814 21,280,463
Railway tax accruals: ad
in
area.
1943—11 Mos.—1942
1943—Month—-1942
$5,668,826
2,633,909
valorem
incorp.
was
Company was formed
to take care
predecessor company,
Rochester Telephone Co., and that part of the. properties of New York
Telephone1 Co.. situate in the same general territory, thus providing
a
single telephone service for Rochester and its tributary suburban
traffic
*
<o
174,633
November—
1,196,469
fund
other
Ne'w
48.
-
1943
30,
Net
regular quarterly dividends in this amount.
of
"Rail
Nov.
Gross from railway.".
income
payable
and
1,081,445
debt
172,770
in month, and $600,000 in period last year.
957,088
began, operations on Aug. 1, 1921.
over
and unify the properties of a
3J.—
33,386
and
1943
1940
$5,577,919
New York and
Railway Express Agency, Inc.
40,878
Earnings of Company
before,
Dividends—It
declare
vessels.—
cargo
2620.
Period Ended Oct,
Total
Net
.
31/
corporation's
first
24,379,727
pro-
original Army-Navy "E"^ pennant was presented
I to the company and its employees-in- December, 1942.
In April, 1943,
*
the
to
pension
continued
.duction achievement has been, a.warded this corporation for its ArmyNavy
'
star
22,109;157
U,509,497
627,979
_____
173,434
3,066,304
Years-
fixed
fund
188,733
for November
632,307
318,509 "
income
pension
24,206,294
21,920,424
$2,234,116 in period Jan. 1 to Nov. 30, 1943
and two-thirds respectively of estimated retro¬
increases of operating and non-operating employees, tAfter
of $567,479
in November 1943 and $8,183,952 in
period
active wage
;Jan.
Feb. 1,
V.
-
51,803,307
for. repairs, of flood damages^ also includes $1,106,831
1943
651,146
9;
$
81,123,609
fixed
—
to
in
$1,022,613
avail,
$
102,955,755
5,271,547 *67,091,360
3,050,752
15,553
income__
from
"Includes $28,237
/
770,651
charges
_
1943—11 Mos.—1942
1
1,550,377
—
avail." for
Bal,
$1,032,097
Dr9,484
(net)
$
8,890,418
18,045
oper.
Deducts,
$1,238,000
5,000,000
330,123
Non-oper: ihcome
19431943—Month—1942
income
Total
.Net
payable
1,399,522
9,770,281
1,002,615
$2,027,960
distribution, it is an¬
interest income after
■
1942
345,000
4.
2,032,893
1,718,810
Outstanding
•
-
-Calendar
$2,147,748
income
2,443,741
9,167,689
1,532,332
727,414
oper,.
5,285,278
2259.
p.
income-
Net ry.
500,000 shs.
778,616
Net
158,
$5,881,886
State, local & other taxes
122,191
6,422,486
representing one-third
438,632
Quarterly Income Shares, Inc.—12-Cent Dividend—
•
195,694
7,096,539
1,726,.907
income—
1,063,308
:_
390,459
11,094,373
$
22,826 shs.
1,320,607
taxes
172,927
SL; Louis-San Francisco Ry.—Earnings of System—
1,200,000
438,744
income
$575,410
280,722
1942
8,005,534
railway—
oper.
662,010
Balance
1940
$761,044
615,376
*561,824
Period Ended Nov. 30—
public
22,826 shs.
1,405,304
Fed.
1941
$1,121,738
15,133,028
railway
■'Deficit.—V.
sellers
1,350,000
Gen.
47.
•
income,
1—
oper.
$6,224,067
misc.
to about $125,000.
run
$1,449,976
1943
1,062,959
—.
would
737,463
railway——
railway—__—
from
of
1,838,344
Commercial
550,000
reorganization costs
_
From January
of the
purposes
1,938,344
—
expense
and
said
*7,098,052
for
unddr
...
Ewen.
$6,495,381
...
-
'
July 31, '43
Maint.
giving them authority to proceed
was
262a.
from
Gross
/
par),—,
—„_i_
Court.
expenses—_
5,000,000
12 Mos. End.
-Current
have asked the ICC for approval .of
the line under a plan endorsed by a
managers;
reorganizing
in
oper.
Summary of Earnings For- Stated Periods
"Exclusive of dividend of $2.50 per share paid Sept. 13, 1943, in order
reduce arrears, such payment having been made in accordance with
to
the provisions of
*94,539
Total
500,000 shs.
—
9
$3,164,417
* $584,375
204,206
232,785
revenues
a
to, trustee,
payable
stock ($100 par) 4.V27o.
A
Traffic
Balance
3,233,988
419.926
of 380,000 shares of
$1,238,000
fund—
to banks—.
notes
Series
3,348,030
Prior preferred dividends paid——
3,459,848
751,258
561.324
oper.
Authorized
86,074
$6,512,448
3,945,786
337,638
Total
into
Capitalization (Giving Effect to Capital Changes)
$6,426,373
$8,213,711
.
4,328,833
—
pursuant to said contract,
employees'1 pension
Oper.*, revenues
Balance
*28,377
opposed by John'D. Babbage of Washington, who
not opposed to appointment of Austin, but did object to
was
$100,.000
Other income—net
854
vicinity.
present intention
bonds;
(4%)
cumul. pref.
1st
„
1,201,610
191,890
taxes
note
Demand
1,426,894
1,539,519
64,542
contract
entered
aggregate
an
E—27/s%, due Oct. 1, I960
F-^3y2%, due. July 1, 1961—
Demand
1943—12 Mos.—1942
$2,144,675" $1,938,521
—_
*5,007
32,701
1
request
from
.
-V.
$264,991
17,154
income--
158,. p.
Gross
owned all the second preferred stock and
by certain individuals
"
Misc. int. & other deduc.
1940
$288,279
78,904
551,128
railway
step
Net
stock, the balance' of the"common stock being
common-
whereby they
etc.,
(net)——
Int. chgd.
to construe,
1941
$367,318
55,596
St. Louis Brownsville & Mexico Ry.—Earnings-
the entire issues of secpnd preferred stock and; common stock were
."-changed into 500,000 shares of new common, stock of $10 par value,
on
1942
$426,201
November—
After July 31, 1913. certain Rochester business men
acquired all the
company's stock so1 owned, by New York Telephone Co.'
Subsequently
—
above.—V. 151, p. 1734.
1—
Mr, Atwater
said
At
78,180
income
687,329
F. Atwater, William C.
Ewen and Warren R,
Jr:—sought authority to solicit the railroad's creditors for de¬
Atwater
■
(participating) pref. stock
stock
$5,316,308
date New, York Telephone Co.
owned
■
and. 1,000
par)
281,084
2,067,800
Gross
707,331
three—Herbert
he
said
•
Ownership.—At July 31,-1943 the company's outstanding capital stock
of 22,826 shares of first cumul. pref. stock, 4V2%' Series A
.19,100
;
88,522
1943
District
Their
"
2,784,016
—
65,876
posit of their claims, thereby
the District Court plan-.
;
'
155,900
income
$985,869
"
•
reorganization
Austin,
stock (par $10)
common
operating income
Net
Int.
shares of
2,067,800
Other
$1,009,652
railway—
first
Federal
2,530,816
profits
904,311)
$115,183
lncome___
oper.
ry.
the
corporation.
taxJ
Excess
3,780,219
Reorganization—
dividend
($100 par), 48,140 shares of 2nd cumul.
($100
Normal
,
from
-Net
consisted
taxes—
*
4,030,196
$93,646
railway—_
oper.
Net
1,206,816
Charges in lieu of Fed.
®inc. and excess, prof,
,
•
1,076,911
railway
from
Gross
An
Feb.
on
The issue has been oversubscribed.
Inc.
2,112,209
1,690,645
—
350,443
Cycle & Motor Co., Ltd.,
From January
common
Jan.
and
from
quarterly
the
on
underwriting
group headed by The First Boston Corp. and including
.Union Securities Corp., Smith, Barney & Co., White,
Weld & Co., George D.. B. Bonbright Co., Goldman, Sachs
&. Co., Kidder, Peabody & Co., Merrill Lynch, Pierce,
Fenner. & Beane, Stone & Webster and Blodget, Inc.,
F. S. Moseley & Co., Tucker, Anthony & Co!, Sage,
Rutty
& Co., Inc., Lee Higginson Corp. and Little & Hopkins,
misc.
—,
Federal, income
11,274,536
1,118,305
2,475,000
—
from
Net
offered at $15% per share Jan. 4" by an
was
1943—12 Mos.—1942
9,130,730
1,196,122
—— _
Depreciation
State,,
1943—11 Mos,—1942
$5,670,393
Rutland RR.—Earnings-
Net
usual
declared
holders of
to
15
President
is
—An issue of 380,000
$25,572,415 $23,284,540 $27,949,002 $25,448,279
revenues
6,845
$6,116,759
$521,361
55,735
-
Canada
The
Public Service Co. of Indiana, Inc.—Earnings—
Operating
$5,677,243
4,600
Russell Industries, Ltd.—To Receive Dividend in Stk.
See
of
Rochester Telephone Corp.—Common Stock Offered
;
1862.
p.
30
"96,903
income_—_
oper.
159, p. 48.""
share
per
holders
to
(N. Y.)—Extra Dividend—
cents
share
,per
The directors have
A
"H"
Chicago,
Street,'
*
1943—11 Mos.—1942
$6,121,359
*
371,261-
income
Rieser Co., Inc.—$5 Class A Preferred Dividend—
*.-'
5%% notes dated Feb. 1, 1940,
have been called for redemption as of Feb. 1, 1944, at 100 and interest.
Payment will be made at the City National Bank & Trust Co., trustee,
series
7,500
"Deficit.*
(The Bishop and Trustees of)—To Redeem Notes—
of
$561,810
-
Ne.t
•
All
7,500
*
Ended Nov,
$521,361
.
taxes
—V.
171.
p.
Months
II
rev.
November-
of
1942.—V.
and
$561,810.
.
par $5, both payable Feb. 1
like amount was paid cn
.."extra
12,000
380,000
1943—Month—1942
expenses
Operating
with 75 cents per share paid on Oct. 1,
Feb. 19, 1943, and on Feb. 2 and Oct. 31,
897.
p.
dividend
extra
dividend
.
Protestant Episcopal Church in the Diocese of Chicago
<
Month
revehues__
Operating
196,
p.
20,000
.4
25,000
—_
oper,
20,000
'
"
trust
158,
-
L__
revenues
25,000
compares
cents each
158,
declared
30
stock,
15.
and 50
Dec.
on
Richmond Insurance Co,
Ltd.—Toronto
Co.,
Pierce,
,
and
25,000
Beane
Uncollectible
Gross
interest.
accrued
25,000
Co.—,
"Webster
for
Chester, N„ Y.) to an amount suf¬
approximately $15,000 at prices not to
of
be
to
are
York
receive
debentures,. $1,000,000
stock.
common
common
all
Co.__
Period Ended—
,
On
&
Operating
New
15, 1944,
dated July
...
1944,
common
1942.—V.
company
gressing.
Lynch,
Fenner
Port
at
sum
interest
directors
,
then filed an appeal with the Court of. Appeals in"
Joston, Mass., and the'settlement, mentioned above, was arrived at.
Arrangements made by the company toward self-liquidation. are pro¬
25,000
Co.
&
_____
30,000
,
New
Jrhe
Blodget,
Inc.
F.
& Moseley & Co
Tucker, Anthony & CoSage, Rutty & Co., Inc.—
Lee Higginson Corp.—__
Little &
Hopkins, Inc.—
40,000
Merrill
Sought—
Shares
40,000
Corp
Goldman, Sachs &
Kidder, Peabody &
distribu¬
last year, and,
year-end dividend of
1943, paid a
mortgage' 5'/<>
Theatre
31,
bear
the
record
company's
the
Securities
Stone
&
common
Similar
21.
follows;
as
78,000
—
Barney & Co
Weld & C0._
George
D.
B.
Bonbright
Rice-Stix Dry Goods Co.—To Pay 50-Cent Div.—
on
Novem¬
proceedings
were
then commenced
under the
Second
War
Powers Act, 1942, but the expropriation under the new legislation was
upheld by the Courts.*
Boston Corp.
Smith,
and Nov.
2
interest.
accepted,
to
The
property
deposit with the
the end of
restoration
1,
(EWT)
noon
first
and
par
before
of
it
exhaust
to
exceed
Trust
o'clock
ing
ficient
the
for
on
this decision-and at
ordered
First
15,
the
expropriate
authorizing
compensation
was
12
sale to
cease
deemed
May
1,
.
,
took
Feb.
on
Manufacturers
until
the
Railway, Light & Power
Resources'authority is to
Water
Government
appealed
company
1942,
**will
possession.
$6,250,000
15,
are
Shades
15
Jan.
Earnings for
■
of
the Federal Works
Court.
S,
holders of record Jan.
to
1
Rhebem Theatres Corp.—Tenders
Rico
month.
IJ.
order
court
a
to
The sum
the
Puerto
Rico
-Puerto
this
the
1942,
in
sum
Jan.
since
Jan.
On
share has been declared
per
addition, the company on Dec. 29,
1 75 cents per share.—V. 158, p. 2474.
.
of International Power Co.,
neighborhood of $10,000,000
subsidiary
a
a
securities- of
the
to
effective
June,
is
Ur accept
and
Transfer
become
In
which
company,
payable
payment
,
Self-Liquidation Pro¬
—
cents
30
made
were
The
Porto Rico Power Co., Ltd.
Ltd.,- has
first
made.
was
in
through renego¬
1673.
went
company
required.—V.
was
of
payable Feb.
tions
386,640
$3.22
538,450
—
share.
dividend
stock,
1942
: $19,874,214 $12,081,149
:
President,
and
distribution
the
Reliance Mfg. Co. of Illinois—30-Cent Distibution—r
v
;
1943
:
similar
a
is
of the several underwriters and the respeo
common stock which each has
agreed to
the
White,
A
Manufacturing Co.—Earnings—^
sales'
voting trust certificates,
This
8.
names
shares of
purchase from the several sellers,
stock,
common
paid. 50 cents per share.—V. 147, p. 4065.
company
resigned as Con¬
159, p. 47.
9 Months Ended Sept. 30—
Net
the
on
represented by
Jan.
tive number of
.
share has been declared
per
Swanson, have
O.
Controller,
$1
record
of
when
1942,
of
value,
par
holders
to
Pittsburgh Steel Co.—Resignations—
troller
comprises approximately 2,300 square miles and, based
has an estimated population of 530,400.
Federal census,
1940
Underwriters—The
"
will
served
area
the
on
materials.
company
Dec.
at
$5
at
3
has extended to 3 p.m., Jan. 31,
1944, its offer,
made
15, 1943, to purchase shares of common stocic of Taggart Corp.
per
share.
p.m.—V.
The original offer was to have expired Dec. 31, 1943,
158, p.
2621.
called
been
railway
from
Net
$237,569
railway——
from
Gross
Net
$117,668
1,422
1,272,487
77,906
Net
" 18,528
*277,905
*350,344
railway-*—_■*
from
Net
ry.
551,919
income™
710
*260,363
oper.
Deficit.—V.
158,
:
15
follows;
Jan.
as
were
Savoy-Plaza,
be
-•Net
revenue
profit
11 S\
55,475
- .
_™4—
it
1383,
trust
price $300,000.
Old Colony Ti'ust
chase
The
.
„
the Old Colony Trust Co.
between counsel for
discussion
&
and the
Receivers.
In addition to
of public relations matters.—V.
ji
s
-
I
.•<
*
'
•'*,.!1
11
■
sales
L—
_*_™*
the
V.
benefit
130,
303.
p.
income and
taxes
$217,138
$2,501,377
78,520
920,833
136,621
10,612
18,313
*>__
/
income,
$73,468
Dm
6,518
income—
Gross
Retirement
Income
dividends
Common
—V.
158,
104,163
'$74,606
$51,123
$574,480
::
99,693
$545,044
210,000
J*„
**„
210,000
280,127
*—
dividends
3,13,742
2621.
p.
—
the
to
Quarter Ended Oct. 31—
Operating
65,274
158, p. 492.
Net
operating
income
381,156
■
Interest,
that
Est.
Co.—Mails Midwinter Flyers-
8,627
■_%—.!***;*—_;*—
etc,
Fed.
normal
and excess
Federal
ican
and
650,000
,
,
state
&
income
profits taxes—*__—*_
8,611,635
8,556,883
61,357
—*****—^——**„**
$1,229,178
$1,413,243
$1,382,688
income
■
V
Mos! Ended Oct. 31—
6
y
profit —*'——*—****:
***_i.*„2_
2—*_*.**/'
*'—*
tEarnings per common share*
v.
all
"After
1942
in
stock.
—
*
—
——
~
$$514,974
of
$0.97
.
.
sum
.
in
of
principal
$1,444,800
The
corporation
Vance
added,
J
of Debentures—
"Net
asking
Calif.)
them
to accept
a
equal in cash
sum
to
of said bonds, plus interest thereon at the
for the period from Aug. 15, 1943, to Feb. 15,
1944, in full satisfaction and discharge of said bonds, and in full
satisfaction and discharge of all accrued and unpaid interest on said
bonds.
* •"
■„
'
the face amount
of
4%
of
the
Should
be
proposal
above
accepted by
the
holders of
75 %
and
released.
■■ '•
.
'
■
Rowan Hardin.
and
Vice-President,.von Dec. 24, stated in part as follows;
presently $410,700 principal amount of these bonds issued
are
all
outstanding,
bonds
which
of
bear interest at 6%
per
become
annum,
approximately $34,46-1, will- likewise become due and payable.
impossible/Jo?/ the company to, pay these bonds upon their
maturity or the accrued interest thereon, .and it is, therefore, apparent
that either some reorganization or refinancing plan will have to be
to
will
be
out
worked
at
or
Rather
directors
feasible
The
ment
bonds
than
might
permit
the
property securing the bonds to be sold
permit the property to be thus sold at a forced sale,
in a substantial sacrifice to the bondholders, the
been
company
the
attempting for
has
plan.
now worked
some
time
past
to formulate
bondholders
which
The
of
has
sum
interest
at
accumulated
to
be
1943
tons
and
.
sales
of
Operating
9 Mos. Ended
1943—2 Mos.—1942
$288,744
$273,044
$577,306
$547,276
102,696
86,979
."201,127
share™*™
.
1941
I
$623,486
$0.29 j
,
j
depreciation, Federal taxes, etc.
••'*■■• / - ■ /
On consolidated basis, which would include Superior Oil Corp; (Del.)
merged in October this year, net quick assets approximate $3,500,000,
against current liabilities of $1,100,000 of a ratio of better than
"After
__—__
common
j
*
1942
$599,098
$0.27
$635,525
$0.29
!
profit
Earnings per
/
1943
Sept. 30—
."Net
Ltd.—Earnings—
1943—Month—1942
I
,
Corp.—Earnings—
Oil
Sunray
in the same
expenses—
171,742
earnings
Gross
11,681
was
Net earnings
—
Note—Operating
taxes.—V.
$186,048
expenses
$186,065
$376,179
3
depletion,
to .1.
'
The
ij
I
I
I
•"
,
1943—Month—1942
Operating
expenses****
365,555
$544,446
243,081
for
depreciation-
43,446
41,652
General
j
tayes—)
taxes
income
Federal excess
barrels
daily.—V.
wells
158,
with
p.
net
of
production
1676.
do not include income and excess profits
$652,900
revenue
Federal
12,000
Higher— ,,/
Super Mold Corp. of California—Sales
Period Ended Nov. 30—
Prov,
producing
1,200
has
company
approximately
48.
159, p.
South Carolina Power Co.—Earnings—
Gross
$375,534
Period Ended Oct. 31—
V
Net
1943—12 Mos.—1942
$7,154,456
3,766,175
2,715,190
527,568
468,235
155,700
sales
_*-■*'
158, p.
$439,867
$98,545
$135,126
646,570
Tampa
Period Ended Nov. 30—
198.450
:
749,197
■.
■•' .'■'
5
1943—Month—1942
1943—12
M0A^a942
$566,589
Operation
revenues
*
™*_i__'_*
$494,069
$6,637,911
$5,695,183
290,882
Operating
'
Electric Co.—Earnings-
''
672,552
201,626
$287,793
1540.
•:
705,773
124,990
profits--]
—V.
'
1943—3 Mos.^1942
1943—Month—1942
$5,894,710
in
paid
the
cash
over
rate
the
of
a
plan
100%
of
which
the
will
par
permit
value
of
life, of .the
bondholders will
be
bond issue.
derived
from
$1,204,116
$1,193,712
52,953
652,260
653,578
$66,074
$51,059
$551,856
239,486
3,283,386
2i729,018
39,317
31,018
400,009
pay¬
171,438
171,438
$51,787
pfd.
——
stock
$36,773
$380,418
.
—V.
158,
p.
335,959
60,800
41,867
782,191
535,093
2260.
oper.
This
on
company,
Feb.
bonds
of
in
the
to
29,
an
at
165 Broadway,
New
157, p,
173
York, N. Y., will until
noon
Net
543,083
520,430
$128,926
$1,629,239
$1,574,685
net__™
200
333
4,933
3,445
$132,547
$129,260
$1,634,173
$1,578,131
35,833
35,833
430.000
430,000
3,225
6,286
19,196
$93,487
$87,140
$1,184,977
res.
accruals
deductions
income
Preferred
Cdmmon
—V,
.
52,769
$132,345
13,799 j
,
1944, rpceiv b ds/or the sale to it of 1st refunding mtge.
amount suffie'ent to exhaust the sum of $12,553 now held
sinking fund.-—V.
income-
income—__—
Income,
Interest
,
43,242
taxes
Utility
Retirement
proceeds
ex¬
profits taxes-**-i
Gross
Southern Pacific RR. Co.—Tenders Sought—
1
and
$368,695
cess
Other
Balance
income
$540,133
14,286
Federal
Other
on
securing
$104,013
,52,835
their
/
the
$118,909
14,286
——
deductions
other
income
Divs.
of
proposed sale of the Canterbury Hotel, which is the property
the bonds, plus such additional sums which the stockholders
the company have agreed to contribute volutarily as will enable
a-
&
Net
out
income
Gross
■Int.
some
4% per annum for the period
Aug. 15, 1943,
to Feb. 15,
1944.
In other words, bondholders will
receive full par value for
their bonds, plus the current interest as
aforesaid, but will waive unpaid interest at the rate of 2% per annum
plus
November
Period Ended Nov. 30
reorganization
to
\
,
result
have
$1,77
Maintenance
sale.
foreclosure
which
else
1942.—v.-
Southern Canada Power Co.,
due on Feb. 15, 1944. These
but during the life of the bond
only 4% per annum has been paid, and accordingly on Feb. 15,:
1944, accrued interest at the rate of 2%' per annum, presently amount¬
ing
$981,466
$1.41
$0.08
taxes.
15,110 tons and sales of 15,325 tons
158, p. 2475.
r
1
tons, against
in
■
and
for
Note—Production
11,548
month
issue
It
^
'
a
There
.
share-*
charges
.
deposit agreement, dated Dec. 15, 1943, the Anglo California
National Bank of San Francisco has been designated depositary.
Under
$804,545
$50,568
$0.11
1943—11 Mos.—1942
:
all
"After
in
amount of the bonds outstanding, the bonds will be deemed
discharged and the trust indenture securing them will
principal
satisfied
be
annum
per
$65,013
:
income
Earns, per com.
dated
Francisco,
100%
1943—Month—1942
Pericd Ended Nov. 30—
■
rate
into
:
has now completed its program of debt reduction,
having Retired all its 10-year 6% debentures which
,
San
J
1
debentures which the cor-
amount 6%
matured' Jan. 1. 1945., In all, $4,412,700 of such debentures
was paid off
in 1943. '
,
'
As a result of the "debenture conversions during the past year, Mr,
Vance said that as of Dec. 31, 1943, the corporation had outstanding
2,305,490 shares of common stock, compared with 2,223,178 shares a
year earlier.—V. 158, p. 2296.
'
Soundview Pulp Co.—Earnings—
Sutter, Inc., San Francisco, Calif.—Offer
Made to Bondholders—
has submitted a proposal to holders of first mortgage
Feb. 15, 1932 (secured by the Hotel Canterbury,
,
the last of. which
would have
Seven-Fifty
bonds
Mex¬
on
* t;;
-
-
payable in four yearly instalments,
September, 1947.—V. 158, p. 2476.
is
due
be
Out
Mr.
v
;
y
poration called on Jan. 3, 1944, a total of $993,400 was converted
stock, H. S. Vance, Chairman of the board, announced. ■
charges and provision of $1,355,458 in 1943 and $1,194,047
taxes on income.
tOn 317,851 shares of common
;
(Del.)—Payment
of Calif.
.
common
Federal
for
Co.—Weekly Output—
the
Studebaker Corp.—Conversion
$323,796
$1.57
i:
ISubject to renegotiation.—V, 159, p. 48.
■
1942 '
1943
V,/
^Net
.
company
j
'
%
3
company, on Jan. 3 received a
this
will
*
The
*
check for $1,913,997, representing '
#the first payment
on
a
settlement for its interest in Mexican oil
properties expropriated by the Mexican government in 1938, it was
announced.
•
'■
'
The total settlement with this company amounts to $3,589,158, plus
3% interest from the date of expropriation, it was said.
The balance
of
1943—12 Mos,—1942
t$994,163 t$l,828,236 $1,052,846
Outstdg. com. shares*.*
1,726,926
1,726,926
1,726,926
1,726,926
Earns, per com. share*;
$0.43
$0.58
$1.05
$0.61
After Federal taxes and all other charges, but before renegotiation
in 1943.
tAfter giving effect to year-end adjustments.—V. 158, p. 1076.
.income
i
Electric Co.
&
....
f$753,878
profit
/-
.
the company
:
Jan.
Property Received—
The
"Subject to renegotiation of Government contracts.—V. 158, p. 2367.
.
1943—3 Mos.—1942
Period End. Oct. 31—
announced that
4
on
Electric
Gas &
output
Solar Aircraft Co.—Earnings-
"Net
Jan.
Commission
Trade
Standard Oil Co.
110,384
.173,288
adjusts,
■
Net
Servel, Inc.—Earnings—
-
on
.
Expansion— V
public, utility operating companies in the
system for the week ended Jan. 1, 1944,
totaled
195,402,000' kwh.,
as
compared with
170,008,000 kwh. for
the corresponding week last year, an increase of 14.9%.—V. 159, p. 49.
$1,444,045
little over 6,000,000 copies of this
a
President,
Adams,
Electric
$1,435,419
$10,014,101 $10,730,510
_
for post-war
rehabilitation.
company's
90-page Mid-Winter flyer—featuring household furnishings, seasonal
wearing apparel, and shoes—are being mailed to its customers.
Prices of many soft line items in the book show a reduction from
those listed in the big Fall and Winter catalog.—V. 158, p. 2475.
announced
A.
Standard
259,801
11,563
98,245
**'/■
income
Reserye
Sears, Roebuck &
■;
...;• •-
,
'
$1,695,220
.
321,892
,
$9,915,856 $10,718,947
*_
*-i.**™.*—/*
income
Total
.
1941
1942
«1943
$10,297,012 $11,040,839
—
—
it is
2296.
p.
Standard-Gas
Other
of $50,000 was
the' year 1943.
the
income
Depreciation & amort, of prop.—
provision for Federal income taxes amount¬
1943, $236,000 in 1942, and $30,741 in 1941.
third quarter of 1943 a refund
Federal Government on shipments for
Note—During
Smith Corp.—Earnings—
(Including results of wholly-owned subs.—Smith Meter Co. and Sawyer
-l94*
$1,516,749
80,355
—
in
:
on Dec./ 20 authorized the purchase by the company
of ,the
and franchises of the Gales Creek & Wilson River RR.—
.
6.)
(A.
..'/Electrical Mfg. Co.)
1942
$2,212,480
158,
.
•
166,520
167,021
8,288
2,626,530
1,133,135
,
$811,259
13,918
V
8,686
.*_***'*/:_._
income
Preferred
$96,813
13,974
deductions
-
Net
accruals
res.
f
$73,783
2,802,077..
charged company with
falsely advertising the therapeutic properties of Fieischmann's Com¬
pressed Yeast, a product of the concern.
:
;
% !
•
J
j
In its complaint the Commission declared that Fieischmann's Comj
pressed Yeast is "not an effective treatment for the ailments-or con- '*
ditions enumerated in the respondent's advertisements."
The ailments
mentioned in the advertisements Include colds; nervousness, irritability
and poor digestion, the FTC charged.
y
./.■
•
'
:/' ; .
The
advertisement held, according to the • Commission,"that these
conditions indicate a deficiency of vitamins A or B, and-that the de¬
ficiencies could be prevented
or corrected by daily administration
the yeast product*
Contrary to other company claims, the vitamins
in
the vitamin B complex are not difficult to obtain as represented,
I
but are readily available In whole grain cereals, enriched bread, lean
j
meats, leafy vegetables, beans, nuts and other items In the ordinary
diet, FTC holds. /.
-./- -./ /. - ,
'
<; Regarding Standard Brands advertised survey of the diets of city ^
workers, the complaint alleges that the tests Indicated that less than
25%, and not 50%> as represented, had diets deficient in the minimum
daily nutritional requirements of vitamin B'.—V, 158, p. 1943.
>
3,129
$845,665
■
4,726.141
6,503,665
187,704
.
$808,129
$839,146
$96,893
315
net
9,127,405
.
Misleading Advertising Cited—?
252,065
254,323
19,777
; ■-;
8,842,875
■
principally in processing, packaging and distributing cheese
cheese. spi$a,ds, with manufacturing facilities at Green Bay, at
Nashville, Tenn,,; .and at Dallas, Texas.
Frank T.'Lewis,
Vice-President of Kingan & Co., Inc., for many
years,
has been elected President of Shefford Cheese Co., Inc., and
Charles,,L. Nye ha§the.en elected Vice-President and General Manager. ,
The Shefford'organization
will remain intact and the company will
be operated a:s a Subsidiary of Standard Brands, Inc., Mr. Adams said.
Mr. Adam's also announced the purchase of all the stock of Strong
Cobb & Co., Inc., of Cleveland, Ohio, one of America's oldest pharma¬
ceutical manufacturing houses, established in 1833, as a further step
j
in Standard Brand's
expansion in the drug and pharmaceutical busi- r
ness.
Strong Cobb
&
Co.,
Inc.,
whs
instrumental
in developing
vitamin tablets, which are sold through drug channels by Standard
Brands, Inc.
George Miller/ President of Strong Cobb & Co., Inc., will
j
remain
at the head
of
the company, whose organization also will
remain intact, Mr, Adams said.-.
,
y':/ ^
r';:|
447,997
,350,452 ■:
-
12,041,594
'
4,924,830
ICC
The
36,600
357,445
10,136,138
income—*
/
$883,918
384,640
175,581
and
ex-
taxes-***
railway—**
1940
■
$1,169,037
17,979,566
.704,729
engages
120,367
%
1941
1942
$2,073,945
1,194,717
894,041
$2,044,466
•
951,323
11,334
10,321
.
1943
:
income
153,599
1—*v-.,','vrv",
oper.
James
$2,579,884
78,812
■/.
,
all the outstanding capital stock of Shefford Cheese Co.,
Inc., of Green Bay, Wis., formerly wholly owned by Kingan & Co.,
Inc., of Indianapolis, Ind.
■
Shefford Cheese is one of the largest companies in its field and
1943—12 Mos.—1942
1943—Month—1942
-
,
had acquired
■■
$217,516
'
>'
Standard Brands, Inc.—Further
liquidation trust agreement known as
of depositing bondholders who are now
trust.—V.
said
_****__—
profits
Other
charges and
all
to $170,800
made
for
31,719
.*
Purchase of Road Authorized—
The
property) was in
by Chicago Title
on
acquired
$298,565
21,775,036
properties
'
:;yj ■';<.;
.
84,168
1943
$2,053,612.
30—
profit
'AAfter
—v.
now
was
$554,382
expense—*
railway***!.
"
trustee binder
Utility oper. income-
! ';■;/.f- "V
.
Corp.—Earnings— .■/•/',: ::.;/■
9 Months Ended Sept.
"Net
(not
Title
412,296
preferred stock
railway-*—
oper.
from
Hotel
j.
.
issue
bond
$4,800,000.
-.**;*—**—
ces3
stamps are furnished separately.
are! Samuel L. Fuller, Chairman;
Binnicker, Marshall F, Dancy, Win. Fulton Kurtz, and Chester D.
Seagrave
ing
of
revenues
committee
the
of
Pugsley.—V. 158, p. 2621.
Net
of
purchase
$742,581
412,296
34,358
stock*-**,
of
railway
from
ry.
and should be sub¬
be for cash
,
mortgage
as
30872,
may
members
The
ry.
Net
States documentary tax
United
J.
Co.
Federal
1
j
obtain their deposited All Florida Bonds by sur¬
rendering their certiiicates of deposit at the .office of Bankers Trust
Co, depositary, at 16 Wall St., New York 15, N. Y„. accompanied by a
letter of transmittal which may be obtained from the depositary, and
by a payment calculated at the rate. of. $11.74 for each $1,000 depos¬
ited bond, or at the rate of $11.24 fpr each $1,000 deposited bond if
R.
the
for
offers
must
231,408
$966,678
From January
Gross
committee,
*'
Depositors
first
Maintenance
acting under the Deposit agreement
Jan. 23, 1931, has elected to terminate the deposit agreement as
dated
from
.
Chicago.
70,440 sq. ft.
The building,
including 10 floors of typical living
Operation
.v;:.--*
:>h
/--■';;\V/?-
bondholders
The
of
offers
17,946
$131,7S4
34,358
—**l*i*„
from
Net
approximately
amount
Trust
Other
Terminated—
All
21,659
$1,027,197
284,616
Spokane Portland & Seattle Ry.—Earnings-
Sierra Pacific Power Co.—Earnings-
Agreement
Railway—Deposit
Florida
Seaboard-All
Co.),
Hotel
766,316
$1,198,086
$149,740
$89,607
,-,
158, p. 2260.
Gross
of the Superior Court of Cook County, 111.,
Period Ended Nov. 30—
159, p. 48.,;;/■■<v
charge
have
will
(Shoreland
572,425 *
391,932
1,540,331
deducts.
November—
currently
invitation
Operating
Re¬
W,
special, assignments, Mr. White
-Anderson,
the
beneficiaries of
appointment of Warren T. White as Special Assistant to
ceivers was announced on Jan. 4 by L. R. Powell, Jr. and Henry
The
—V.
734,853
394,811
141,177
Balance.
,
Net
$47,330.
were
Trust
Appointment—
Seaboard Air Line Ry.—l^ew
is
principal
Scollay.. Building .Trust
New
the
approximately 99% occupied,
increase appreciably the present earnings.
in Chicago.
Original
(Gerald D. and Reginald
Boardman) it was agreed that the United States Trust Co. would pay
$50,000 additional.
("Boston News Bureau?')
-%?/////
the
of
is
pfd,
on,
Amortization
the Chicago Title & Trust Co.,.as.trustee,
to
land
1942
an
the
after
of
219,604
income
Divs,
,
entry of foreclosure on Dec. 2, 1943, and at,the foreclosure sale
property was sold to the United States Trust Co. on its highest hid
of $250,000 but
the sale was subject to approval of the court .and
trustees
depreciation
763,416
$67,948
other
and
Net
completed in
1926, is 14 stories,
space, lobby,
mezzanine, working quarters and elevator superstructure/ The building
has full basement and is reinforced concrete, fireprqof construction
and contains 677 guest rooms.
.
V
Gross
income for fiscal year ended
July 31, 1943, was $958,578.
October, 1943, occupancy was over 95%.
Average daily rate per
occupied room for October was $2,65.
Real estate taxes paid for
:
,
,,
hotel
Shoreland
authorized
The
the bondholders, made
for
trustee
Co.,
Int.
,
total pur¬
additional $50,000, making the
an
pays
company
for
taxes*..
income——*_*
Gross
69 West Washing¬
ton Street, Chicago, 111., prior to Feb. 15, 1944.
Offers must also be
accompanied by an earnest money deposit of 7% of jthe offering price.
Any offer accepted by the trustee is subject to approval by the bene¬
ficiaries of the Shoreland Hotel Liquidation Trust, but should be first
reported to Judge Graber.
*
.
*
'
An advertisement contains the following:
The Shoreland is located
at 5454 South Shore Drive, Chicago, 111.
Mass.—Foreclosure Salejudge Charles C. Cabot of the Superior Court has entered a decree
approving the foreclosure sale of the Scollay Building at 40 Court
Street, Boston, to the United States Trust Co. fotf $250,000 provided
the
the
impossible to
Shoreland
Scollay Building, Boston,
-
since
and
is
has
1143,368
'./vj''..v-\
■
deduction
no
Judge Joseph A. Graber,
on
p.
depreciation
that
2,050,176
62,261
exci'profits taxes*
Fed.
Proposed Sale—
corporation on Jan. 5 paid a
158,
the'five
for
2,721,680
63,741
611,105
income
Net
dividend of $1.75 per share on ac¬
count of accumulations on
the 7% cumul&tiye preferred stock, par
$100
to holders of record Dec. 20.
A similar? distribution was_ made
Jan. 5, April 3, July 6 and Oct. 5, 1943,, add on July 3 and Oct. 3,
1942.
Arrearages as at Oct. 15, 1943, amounted to $82.25 per share.
—v.
basis
accrual
an
and
(The)
y
Inc.—Pay^Accrued Dividend—
Stores Co.,
Schaffer
The
on
amounted to
after
observed
mitted
:
1942,
$5,542,901
186,997
taxes*-
Federal
the 6% interest per annum required under the terms of the
indenture, of which only 4% per annum has been paid. It will
tions
mqifig
158, p. 1675.
INet loss.—V.
taxes',
and
charges
"After
—
31,
$7;229,431
249,652
Deprec. and amortiz.***
General
1943—12 Mos.—1942
$540,177
$622,606'
revenues _*■**
Operating expenses
the
Co.—Earhings-
1943—Month—1942
Period Ended Nov. 30—
Gross
building and
equipment has been made in the above computations.
In view of this earning record, it is obvious that no funds have been
accumulated for bond retirement and there are, therefore, no funds
available to pay the principal of the. bonds when they become due on
Feb. 15, 1944.
Rents in the hotel have been frozen under OPA regula¬
$595*466
Oct. 31—
Quarter Ended
Operating
and
but
furniture
V
.//'•■'/,■■;//'■
Inc.—Earnings—
■
operating
trust
A dividend of $2 per share
payable
Southern Indiana Gas & Electric
plus
1943,
15,
meeting
Schenectady RR.—$2 Distribution—
has been declared on the common stock,
to holders of record Dec. 31.
Payments during 1943
Jan. 15, $2; and July 15, $2.50.
V, 156, p. 166.
Saratoga &
of
property.
profit of the hotel
ended Dec.
ment,
*15,637
./
2259.
p.
Aug.
$74,107 before deducting bond
on
the buildings and furniture and equip¬
including maintenance and rehabilitation charges.
Therefore the earnings have been approximately $8,033 less than the
total amount of interest paid to the bondholders during the five-year
period at the rate of 4% per annum and have been $49,103 short of
1,085,435
1,638,076
181,729
2,472,703
period
the
for
market value
The
*44,372
1—;
from railway:
their bonds,
value of
par
annum
and
$83,660
*33,010
*28,059
oper. income™
ry.
From January
Gross
$141,557
17,677
*18,588
"10,954
—
per
company's balance sheet as at June 30, 1943, reflects the value
land, and the depreciated value of the building and furniture
fixtures, as $264,676.
This figure may or may not indicate the
interest
1941
4%
true
1940
1942
of
rate
1944.
the
years
1943
•
full
bondholders the
the
15,
The
of
Earnings—
Gulf RR.
San Antonio Uvalde &
November—
Feb.
to
for
the
at
interest
redemption as of Feb. 3, next, a total
of
$112,000 of
1st mortgage sinking fund bonds, 4V2%
series due
1979, at 103 and interest
througn -operation of the sinking fund.
Payment will be made at
the New York Trust Co., trustees, 100
Broadway, New York, N. Y.—V. 158, p. 9^,
have
to
payment
Corp.—Bonds Called—
Safe Harbor Water Power
There
*
Monday, January 10, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
114
49,583
dividends
dividends
158, p. 2622.
_*__;
i
-
956,420
$1,134,332
70,000 i;
1,016,188
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4245
159
St.
Regis
Co, above.—V,
paper
cost,
2622.
158, p.
Tennessee Central Ry»—Earnings—
November—^
,
109,358
21,023
44,969
"3,207
50,058
21,492
4,461,051
3,663,649
2,690,755
Net
948,676
715,585
569,671
/
income-*.Prom January 1—
ry.
Gross
Net
Net
oper,
from
ry.
-
,
income—*
"Deficit.—V.
The Central
•
263,708
377,262
456.885
766,054
,
"After
Coal, Iron &/ RR. Co.—Tenders—
City,
depreciation and, income taxes.
Net
Co.—50-Cent
Texas Gulf Sulphur
Distribution—
directors
3 ' passed
Jan.
on
resolution changing
a
meeting day from the first Monday of the
15 to holders of record March 1.
Texas Mexican Ry.
-Earnings"
Net
railway*—
from
.
*.
railway—.—
from
from
Net
ry. oper.^
$128,190
57,374
55,250
.1,567,099
519,596
railway*
/ 437,337
income—
599,037
'
—V/158, p. 2296,
,•
$96,137
20,990
13,421
1,276,094
'464,604''
"Net
$528,694
Tybor Stores
were
Net
iV
/
V
\tT
"Net
"After
Tide Water Associated
Oil Co.—Buys Wells—
./
has purchased for $2,-
Metal
/;/ ;
Cincinnati RR.—Merger— '■:.//'■•:
Toledo &
•■/;'/.'A;'';/;";//
'
Net
SEC
$1,415,250
$1,497,185
taxes
$1,016,745
$1,019,656
381,231
$638,425
395,594
432,086
;*—
$3.55
interests in
"/•, /■
company's
/.;'
■ -
United States Gypsum Co.
Nil
$2.13
steamship
companies.—V,
../• ■ /
;
1943
$3,873,089
/
$$2.89
profit—
Earnings per common" share*
tt l942
1941
$4,252,148
$5,045,658
t$3.21
"After depreciation,
depletion/ Federal income and
taxes, etc.
tOn 1,196,373 shares of common stock,
shares of common stock.
ttRevised.-^-V, 158, p, 1385.
t$3.88
excess
$On
$303,834
ton" 104,000
'■
/:. /
/ •
•
1943
-
as
has
profits
excess
engaged in the personnel activities of the Goodyear Tire &
of Akron, Ohio.—-V. 159, p. 51.
Co.
.
$174,697
;
taxes,
United States International Securities Corp.—Earns.—
;
v
and'
income
based
9 Mos. End, Sept. 30—
2297.•■'•/■/•'//'./;■ / i/--';/.// -/../
etc.—V. 158, p.
been
Rubber
1941
$164,681
/
The corporation announces the appointment of Bernard F. Gerpheide
its personned director, .effective Jan.. 3, 1944,
For many years he
"/
1942
/
/
U. S. Industrial Chemicals, Inc.—Personnel Director—
158,
•>•'/
(& Subs.)—Earnings—-
30-:: /
Federal
shares.-MT.
common
V/;;/""//'-'/'/ ///
;
Cash
Corp.—Listing—
1943
1942
1941
1940
$916,624
$879,433
$969,676
$977,927
94,211
79,347
66,153
71,784
1,891
13.229
16,485
2,413
'
$972,727
i $972,009
$1,052,314
$1,052,124
•*_*—****.//';.
1,343,984
141,951
298
.505,368
:_—*—**—*/'**./ $$371,257
$830,058
.$1,052,016
$546,757
dividends*./.****—
"Other
?
"
Interest
.*/__***>•
■■
income—
Curb
Statement, 10 Months Ended Oct. 81, 1!)43
;//.
loss
realized
vestments
:
1
in-
on
-■
Total
$50,933,605
—
Cost of sales A*_**._*_*—37,136,927
:; Display advertising,
Income/*—
Total
Cap. stk. and other tax.
Prov.
sundry commissions, etc.—*/*—_*.** Crl.165,851
for ,Fed.
Other
inc.
tax
Profits
9.612
50,000
56,000
103,225
received
$$534,093
$660,599
17.352.
105,754
——,*^*_ ,
"Securities
./
7,705
.
;
expenses—***
taxable dividends*
as
14,460
39.000
,
15,500
109,862
■
.139,703
$377,087 :
$885,802
.
$Loss.
/' A.
-
*
all indebtedness
The Baltimore & Ohio RR. owns
roads.
of
the other
of
the Toledo & Cincinnati and has been the beheficial owner of all
stock since about June 26, 1917. Under an agreement of that date
its
;• Note—The
approximate ; depreciation from
of securities owned was: As of Dec. 31,
operations, before deprec. and
/
amor.
66,886
operates and manages
integral part of the
$2,454,35$
*
Provision
for
Dividends
2323.
integral parts of its system.—V. 144, p.
/•/'■ •/'■
'
November—
from
Gross
Net
from
Net
,
railway
ry.
railway
oper., income—
From January 1—
;•>
Gross from railway*—*:
Wet
ry.
—V.
oper.
158, p.
869,307:
2,173,113
income.**
2296.
768,512
311,575
,
The
share
holders of
,
made
9 Months Ended
Gross
profit
Sept. 30—
—-■
547,703
375,121
Expenses and depreciation*.:
Other
income
Total
•
Fed.
—
$459,725
Dr45,292
15,637
8,003
$2,121,348'
,—*—/—'/*/—/—
profits taxes
income
income
$1,555,647
**;—:**——
&
1,824,000
excess
9 Mos. End.
.
$2,166,640
Operating profit after deprec,.
$467,728
$1,571,284
1,280,000
300,000
Cash
profit/—-*-_*/—*r-*—-•,
of capital stock, ■;
"On 134,965 shares
Fof
to
50
$291,284
$2.16
$297,348
$2.20
share*——____—**
per
/
15,
preferred
Total'
Net
.
of
like
.
,
the
stated
as
reserves
1943. It points out that
1942 annual import provided for such a con¬
which
in
began
in
1942
and
loss
1941
1940
$1,021,065
$1,075,041
115.166
122,554
17,750
23,010
3,396
$1,159,241
$1,200,991
1,893
§35,763
$1,095,994
§205,127
478,736
$1,132,868
$617,258
"V
war
,
profit*
——
Prov,
for
Fed.
inc.
12,741
tax
108,900
,V
Tubize Rayon
.
40,000
V.
76,000
125,783
Profit for
the
$403,832
$901,227
period
$967,418
$968,566
Balance
gProfit.
fCash
received
authorized the listing of 705,282
stock (par $1) all of which are outstanding.
JShares
of
Tubize
common
Corp.
Rayon
Tubize Chatillon Corp.
changed its name to the present title
Nov. 17, 1943.—V. 158, p. 2088, 2518,
receivable,
(cost)——
Sept.25, '43 Sept". 26, '42 Sept. 27, '41 Sept. 28, '40
'♦"Net income
/
$116,872,388 $44,907,895 $33,483,247 $34,938,269
Oper. exp. & amortiz *
86,504,942 34,695,254 28,449,476 33,520,068
Special prov, for lorgn.
'
assets
'
*"Cr2,350,000
3,150,000
2,200,000
—
1,804,989
fDeprec, & interest—
-
Minority
income
taxes
/ g 18,545,427.
interest
profit Nat'l Thea/tres to July 9, 1943—
206,638
217,205
117,400
40,500
per
sh.
"Portion
of
^ Earns,
that year by
on com.*
for
reserve
^ 5,748
' 89,266
1
—„
/'
gCommon
$3.49
foreign assets
$1,549,164 t$l,075/611
$3.57
at Dec,
conversion of sterling to U. S. dollars,
$0.30
27,
Nil
1941, liquidated
fNot including de-
that pig iron production was begun on
$180,000,000 steel plant near Prove,
51.
p.
.
Earnings—
shares
p.
of
ccfmmon
9
sales
Sept.
—
—
30-— (M/7/n'
'
$27,736,741 $30,203,360
.-ti U L -t
u,
l'/mi
£~ —'4*
1* w'
*•
—
share*/*/:/*—^_* j/_.
:
.
50,000
.
shares
50,000
of
common
4,950,000
4,950,000
98,500
98,500
28,700
1,007,953
4,369,688
afad accrued expenses—*
surplus**—
—*
—/
*
to second
§985,000
:**__*—*
—*
162,300
1,007,953
Profit
after
6,702,707
State
and
(no
par)
$27,736,741 $30,203,360
$6 cumulative dividend.
(no par) $6 cumulative dividend.
reserve
.
138.953
$0.48
fob Federal income and excess profits,
In 1943 and $12,500 in 1942. tOn 207,391
stock^V.1158, p. 779/•
Universal-Cyclops Steel Corp.9 Months Ended Sept. 30—
,
Total
$0.35
$2,083,133
taxes amounting to $104,000
$17,231,900 $17,231,900
surplus**
Operating
$2,545,901
112,564
common
1942
1943
\
•
—*—___
taxes
common
"After all charges and reserves
—„——
stock
for
"$1.85
*$0.87
•Earnings—
i
"Net
profit
f Earnings per
$1,015,508
1655.
Months Ended
Net
1
1941
; $478,256
1510,000 shares of
stock.
Kr
95,722
29,031,741
-•
t$0.68
common share——
550,000
1942
1943
$349,327/.
1*-**
Earnings—•
*
Reserve
Capital
at Geneva
new
Universal Laboratories, Inc.
/ /,
*/*—_—*
preferred, stock—
tGeneral reserve—*
/
{General
$7,256,004
.,
"1st preferred stock***^**
f50,000 shares
$7,187,098
1
"172,319 shares
1,009,916
1,820,016
'
—
$1,040,732
35,164
1126,292,570
accrued,
f2nd
,
UNet
Net profit
etc.—
;_*—**— ***
interets
*_.
Liabilities—•
253,312
5,100,000
Corp.—Blast Furnace
///.,'
announces
Government's
ktock.- -V. 157,
1942
'
$1,349,156
not delivered-*—_*_/*—:
and.Internat, Securities Corp.—
""Inv* in U. S.
Total
39 Weeks Ended—
Federal
1943
;
Securities
"On
.
from
kTwentieth Century-Fox Film Corp. (& Subs.)—Earns.
(Including Wholly-Owned Subsidiaries)
v*
159,
Earnings per
'
sold, but
;
;
the
at
■
Net income—.*/
Sheet, Sept. 80
Assets—
Dividends
Corp.—Listing—
Steel
683.
p.
9 Months Ended Sept. 30—
.
received
''
1941
$938,312
*
$2.43
150,802
as/taxable dividends.
In settlement of. Reichsmark balances, net.
fSecurities
,
$561,631
$1.46
with the. blowing-in of the first blast furnace.
This plant is
operated for the Government by Geneva Steel Co., a subsidiary.— ;
42,535
66,000
115,107
Cash.
The New York Stock Exchange has
States
158,
United States Truck Lines, Inc.-
Securities
'
3
■
Utah,
$1,236,754
62,665
,32,319
110,000
—__*i
Expenses
$204,064.—V.
/ The corporation
§39,666
$1,197,015
/
and Federal and Canadian income and excess
tOn 385/603 shares of capital stock.
J Includes a post¬
of
United
Jan.
Net
1942
1943
J$939,942
/
$2.44
depreciation
refund
Plant Brown In—
■
receiv.
secur.
"After
profits taxes.
in-
on
—**i.
.
$41,762,979 $44,503,745
par
no
Sept. 30—
profit--——**
fEarnings per common share***—*
Earnings—,
115,905
107,113 /
$927,741
July,
tingency.—V. 158, p. 1180.
239,200
United States Playing Card Co. (&. Subs.)—Earnings—
,
instalments
monthly
by
/"Net
share in
'
—
——
*
was
H
$962,339
$820,628
*/_**,—
realized
1,132,559
$5 dividend-shares.
tReprqsented
by 100,000 no par $5 dividend shares.
tSet up out of amount paid in
cash
by
subscribers
to
second
preferred
stock.
gRepresented by
2,485,543 no par shares.
ttDeficit,
IIAfter deducting $777,400 divi¬
dends paid on first preferred stock.—V. 158, p. 2518.
.
amount
1479.
p.
.1943
Sept. 30—
*„***_—-*—_**
vestments
9,346,831
tt513,589
surplus——*
Total
stock,
initial distribution
An
1943.—V. *158,
Cap. stk, and other taxes
cents a
September, 1942, quarter- Federal income and excess profits
taxes for the September, >1943, quarter were $465,000, against $555,000
In like 1942 period.
/
,
,
The report states/that renegotiation for 1942 has been concluded
and net
refund of $215,000 is being paid to the
Government in.
a
Jan.
1,
24,855
$8,263,012
,
surplus***
Operating
dividend "of $1.183A per
payable Feb, 1, to
quarterly
a
fOther income—_*—/*_
$167,728
$1.24
quarter ended Sept. 30/ 1943, net profit was $67,743/ equal
share on the capital stock, against $69,821, or $2 cents,
the
declared
cumulative
.
dividends*
Interest
Cash
Net
"Earnings
Capital
24,855
stock*****—
"Represented
United States & Foreign Securities Corp.
$834,846
510,915
/*
_—*_;
$2,103,350
reserve*****
9 Months Ended
1941
1942
1943
$2,677,555
;.
,
record
Nov.
on
$104,500
23,920,000
•
have
4%%
$93,700
expenses*
500,000
Earnings-r-
Forgings Corp.-
Transue & Williams Steel
the
Mt,762,979 $44,503,745
accrued
9,475,000
;
directors
on
81,771
42.763,391
9,475,000
.
United Drug Co.—Preferred Dividend No. 2—
2,180,350
and
taxes
preferred
fSpecial
$2,043,889
159, p. 51.
860
69,483
40,236,610
-
29,041
384,286
/ '
.
-V.
"
etc,***/.
——
interest,
—
500,000
$2/439,401
-395,512
Earned surplus
$201,149
73.851
,
4,393,584
2,507,156
railway*——
from
Net
—_-**/*//____***i____*_*—
preferred stock ($6.25 per share)——/—*—*.
on
$1,657,723
23,920,000
1,249
I
for
§Common
Total
:
,
1942
.
stock—;
1940
1942
,1941
$350,875
$251,603
188,083
$21,776
158,458
41,586
../
2,874,002
2,614,414
1,192,053
1,109,586
1943
$403,079
216,320
' 182,495
retirement of company's bonds*—
■
Dividend
"
;
$2nd preferred stock**.
•1st
"■
accrued
cost—
.Total'_*/—**_—_—*;
Reserve
$2,438,152
■
Profit derived from
.;•:■
Liabilities—
1,635,030
,
/.-.
Western RR.—Earnings—
Peoria &
Toledo
•
at
$803,121
1939, to Jan, 1, 1943—.
/.;Total surplus —*—/*—/*/—/—w/*/_*/„__*//**,_/.*
■
•'/'./.'
1943
Sept. 80
// •■/,'•
*
operations—^—/———*—//—/*//.
Earned surplus from July 1,
receivable,
Securities
taxes-
contingencies—
Profit from'
/
.■Cash' ■(.*—i.*K_-:_**_^_-——$1,450,555
Securities sold but not delivered—__*_/_„_****
-6,331
Charges; less other income/**///—*
Depreciation and amortization—*/*^*_/,*
Interest on 5'// sinking fund bonds*—
.
property of the Cincinnati & Daytori Ry,
•.»' The Baltimore & Ohio RR. owns all the outstanding stock and all
indebtedness of the Toledo, which owns, in turn, 2,649 shares, 97,62%,
of the subsidiary company's stock, and all its funded and other debt.
The Baltimore & Ohio operates the properties of both companies as
Balance Sheet,
'••/;,
Assets—
;
Other
Provision for Federal income
■
indicated
the
1942, $17,250,400; as of
Sept. 30, 1943, $10,103,567; difference, $7,146,833.
•
t'S
...Total profit
in
cost
value
amortization***-A;/-*****/***/**/*.**/***/^,/
Profit from real estate
the /properties;', of all of the .above roads as
an
Baltimore & Ohio system; and under this
agreement, it is not required to account to the owning companies for
the results of. operation, and does' not collect interest; on their obliga¬
tions while the agreement continues in effect.
The Commission also approved the purchase by the company of the
It
profits
1,196,772
$2.92
agency
•
158,
,
(& Subs.)—Earnings—
9 Months Ended Sept. 30—
approved the merger of the
27
Dec.
on
$1,440,302
423,557
profits taxes
excess
1941
/ 511/211
"Net
properties of the
I Gross profit and other store operating income—*—— $14,962,529
Bowling Green RR., Columbus,. Fihdlay & Northern RR., and Piqua
Sltore, depot and agency operating and general expenses,
& Troy Branch RR; Into the Toledo & Cincinnati RR., for ownership,before depreciation and amortization*
12,575,057
management and operation.
V
The Toledo & Cincinnati is the beneficial owner of all the out¬
//Profit from store/and agency, operations,; before "deprecia: "
standing stock',- and owns all the Indebtedness, funded or otherwise,
tion and
$2,387,472
The
1942
$1,065,099 t$l,016,745
Federal
this
1181.
p.
Net
"
$0,30
1943
'$2,008,396
before
certain, of
.
$3.24
operations:'
/ ■/.
'■■//,." /",/
sales after deducting stamp and sales taxes^
and
85,091
$0.01
299,566 shares of common stock!
tDoes not Include • a loss of
approximately $2,387,000/resulting from the sale; in October, 1942, of
Exchange has authorized the listing;'of 63,657
shares of cumulative $5 preferred stock (no par),
" /
/
Store
$1,323,139
14,322
"On
1943—9 Mos.—1942
,
taxes,
vConsolidated Income
J.—New Name—:
Jan. 1 that the name of the Titeflex
Hose Co. of Newark/N. J., has been "changed to Titeflex,; Inc. announced on
was
York
New
and
$41,965,511 $38,660,047 $38,095,969
39,957,115
36,680,719
37,219,745
"Earnings per common share**,.
$337,404
$45,711
;
$0.44
/
United Cigar-Whelan Stores
The
.
stock
158, p. 1181.
$758,971
$0,05
—„
Net.' profit—*'
$104,630
$1.01
'-/;//;••
depreciation,
be
$30,-
Aug. 29/42 Aug. 30/41
$1,197,921.
25.633
Sept. 30—
etc.
Fed. income and
1943—3 Mos.—1942
profit—. $211,020
the present law,
second'preferred
Aug. 30/43
>
—
_*_■
—
—
Profit
Corp.—Earnings/
of
In 1943 and 1942.—V,
revenues*—
Profit
$3.48
Sept. 30—
shares
Depreciation, ordinary taxes, etc.
$2,552,226
734,300
$1.55
charges and
- /,
/■•-,
"After
on
..
Titeflex, Inc., Newark, N.
734,300
United Chemicals, Inc.
the Mid-States Oil Co.
/ /•••••• '
': '■
• '■'/•;.
The Mid-States Oil Co., it is understood, will uSc- the. proceeds for a
drilling campaign on its properties in the/Haynesville pool of/North
Louisiana.—V, 158, p. 2296, 2197, 778.
//'./:-''./' v;/-'
It
2,469,862
$1,139,082
.9 Months Ended Sept.
"Net
This' company, it was announced on Jan. 5,500,00 cash the 58 producing wells, owned by
in the East Texas field.<' • /; ■/.,/ /.. • ■ /■•'*//. /,
444,675
$1.89
1385.: •••:
p.
George P. Thongs, President, on
-
449,824
5,196,670
734,300
per/com. share
could
to
Expenses;,
135,532
$1,385,699
*—/*—/—
income
{Earns,
Div.
$5,466,763
.—*—**/*;/:•
Union Wire Rope
Period End.
93,788
Jan. 7 announced a dividend of $1
per share on
the common, stock/ payable this month (January) to,
stockholders of record Dec/ 15,1943.
The previous payment/ also $1
per share, was made in July to stockholders of record June 15, 1943.
$6,785,576
Gross
,
;
securities
excess
9 Months Ended
—
share*
(which should not
the
United States Freight Co. (& Subs.) -Earnings-
,
1941
stock*——__
/
common
per
which
charges and Federal income and
profits taxes
$15,365 in 1943, $5,145 in 1942 and $37,867 lit 1941.
ton 240,000 shares of common stock,—V. 158, p 2297;
,
September quarter, subject to audit and year-end adjust¬
ment, a net profit of .$524,345 after all charges, including Federal
taxes of $1,695,416 was reported, equal to 72 cents a share on 734,300
shares of capital stock.
This compares with a net a year ago of
$502,237 after Federal taxes of $900,504, equal, to 68 cents a share.
The company states that the 1943 income is subject to the renego'tiation provisions of the National Defense Appropriations Act. Reserves
were
provided in 1942 which cover the renegotiation of 1942 which
has been concluded.—V. 158, p, 1078/,
/'
' 4 Hi
FaTr^$l
Pittsburgh,
of
for
all
amounting
$5,331,231
taxes
1942)
profit**——
"After
,
For- the
194,996
1
,'•0
J
profit
Shares
*
436,405
«S? excess profits
Fed.- income
Earnings
1942
3,971,881
*_.
in
common stock
sales**———j.—
•Net
$3.04
$5,793,985
—*——/—./<—*
income—
indicated value
an
amount
Quarter Ended—-
$22,615;
,
$5,700,946" $6,654,336
93,039
131,240
Depreciation
893,217
'314,748.,/
tV
'i
Thomas Machine Mfg. Co. of
'
38,622
40,073
1,850,219
828,699
railway——•,
from
Net
1940.
1941
,
$139,856
49,417
ry. oper, income—
From January 1—
*
Gross
!
$163,194
74,007
,
■,
Net
•
1942
1943/
/'•■/..
November—.
Gross
Total
:<"V-
distributions Of 50 cents per share each quarter during 1943, the company last year oh Dec, 15 paid an;,additional dividend ■
of 25 cents per share.—V. 158, p. 1772. '
;
A;
addition to
In
■"
the
as
they could be
*"94,900 (94,500
1,987,653 shares of
(& Subs.)—Earnings—
1943
expenses—/———:
income
Other
the regular
month to the third Thursday
of the month.
•/.'/'
•••■'
; In view of the above change it was thought advisable to declare a
dividend which ordinarily would have been declared on the first Mon¬
day in February, and accordingly the ;board declared a dividend of/
50 cents per share on the capital stock, no par yalue, payable March
The
after'
either
which
{Earnings per common share
the five months ended Nov, 30,
Underwood Elliott Fisher Co.
investments owned had
for
or
repurchased) of approximately
776,993, which was $4,484,421 more than the. above book values.
„
9 Months Ended Sept. 30—•
.
underlying* assets, securities without quoted market prices at
$713,030, and all other securities at market quotations^ securi¬
construed
sold
with $417,997 in the like period" of 1942.
is the former commissary department of Central Aguirre Associates,
—V. 157, p. 1773,
"
;
be
it of general
to
on
cost of
ties and
1942.
compared
as
trustee, 70 Broadway, New
Bank & Trust Co.,
Hanover
1943
Earnings per share****————$4.23
will Until noon on Jan. 24, 1944, receive bids for the sale
mortgage gold bonds, maturing in 1951, to an amount
sufficient to exhaust, the s»m of $54,040 at prices not to exceed. 105
and interest.—V; 157, p. 1752. ■
-■ •
>•< '■
'-//,/
York
based
UNet
United Paperboard Co. (& Subs.)—Earnings-
Quarter Ended Sept. 30—
Note—Retail sales for
Tennessee
$1,799,416.
/"Net earnings —*—/*_—„—,j.——$31,436
2296.
158, p.
of
Tybor Stores, Inc.—Earnings—
.railway—-
oper.
,
refund
profit of National Theatres Corp. and its subsidiaries to July 9, 1943,'
on which date that company became wholly-owned.
The. 1943 figures
Include, earnings Of .National Theatres Corp. and subsidiaries from
July 9, 1943 to Sept. 25,' 1943.
Figures on former years are without
any earnings or dividends from National Theatres Corp.
* "Includes
income from sales, rentals, dividends/ etc.—V. ,158/ p. 2088.
•
2,372,317
from -railway—1,458,427
railway—
from
Net
'
$205,961
$244,197
$358,487/
$450,083
139,914
67,708
railway*—
from
Gross.
1940
1941
1942
1943
,
post-war
deducting
SAfter
{Loss.
,
and equipment absorbed in production
studio buildings
preciation of
Taggart Corp.—Offer Extended—
See
US
A
set up out of $5,000,000 paid
preferred stock.
(1,000,000 in 1941)
.
shares
no
in cash by subscribers
k
par value.
HCalculatlng the inyestments in U. S. and International Securities
Corp. and in Credit & Investment * Corp. at their indicated values
profits
charges*/*/
Fed.
taxes—
inc.
•
*
and
1943
{$4,498,017
1942
1941
$6,061,632
$3,307,369
4,971,000
2,229,500
excess
*—*-—-
+3,680,000
,
$1,077,869
'"Earnings per common share/*
$2.15
"On 500,000 shares of capital stock.
{After deducting a reserve of
$500,000 for post-war adjustment of inventories and other contin¬
gencies.
{After deduction of post-war tax credit of $360,000.
It
was
recently announced that an agreement has been reached
between the Government and the, corporation under which the com¬
pany will pay the United States $3,288,000, less the offsetting tax
Net
profit—
_/_**_—*—
$818,017
$1.64
$1,090,632
$2.18
and
credit
on
As
as
for
profits
net
.
profit
•Net
Earnings
preferred share——__
accrued storage and other charges on grain in
stocks of grain and coal, $7,378,822; prepaid'expenses,
sundry loans,' mortgages and agreements of sale, *$7,151;
memberships and investments in trade organizations, etc., $158,412;
funds in hands of;trustees for bondholders,.$110,000; amount recover¬
able under the provisions of the excess profits tax act
(estimated),
m
store,
advances,
$23,701;
$12;953;
t$54,649.
Nil
$795,253
$13.11
$1,319,442
$5.16
-
—
per
$45,231;
;
Oct"; 17,'42.'Oct.: 17,'41
Oct. 16,'43,
.
charges and Federal income and' excess profits taxes after
allowing for post-war credit in 1943.
t Loss. /On 255,808 shares of
$7 cumulative preferred stock.—V. 158, p. 991.
yf After
profits of $1,753,/
originally reported.
In 1941, the company had net
043, or $3.51 a share.—V. 158, p. 2198.
Co.—Earnings—
42 Weeks Ended—
after adjustment for income
to $1,223,545, or $1.81 on the,
$2,128,545, or $4.26 a share,
1942,
post-war credit, are reduced
shares of capital stock, from
and
500,000
1
,
Ward Baking
profits
result of the renegotiation of
a
•
the
result,
a
taxes
post-war credit,,
contracts.
war
Monday,, January 10, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
116
$21,743;
fixed
assets
Utah Ry.—Earnings1943
$117,239
$115,456
November—
railway—;—;
from
Cross
16,454
profit
■"Net
railway—J—
23,858
29,969
Net ry. oper. income—
From January 1—
8,563
10,143
railway-
1,289,022
1,226,703
817,557
767,644
for
railway—yy-,.
income—
158, p. 2297,
280,422
296,885
134,552
134,410
capital
127,826
155,571
58,146
——
,
.
loans
...
(secured),
outstanding,
counts
54,496
Net
from
from
Gross
Net
ry.
—V.
fEarnings per common
21,805'
oper.
Ended—
♦Net
profit--
,
,:
F.
$295,223
$650,622
$498,893
—
Total
for
seven
$774,229
companies-
$2;840,821
profits taxes
—
•
*sr,128,386.-y
.
earnings
:
Dividends paid
Net
'
share
surplus
♦Earnings
per
:—'
.
200,000 shares of capital stock (no
-On
1943
figures
subject "to
are
'
.
of
John
are
'• ;'"A" Ay'
yv'
■—jyA'-~L—-A—A——AyA//':$8,478,384
' V
Liabilities—
Net
$108,687
$692,789
82.000
41,600
273,367
54,000
$67,087
$419,422
Customers'
A_A——.
taxes
Capital stock
•f Accrued
52.
'
Capital
Earned
A,*—. ».
——-
surplus
surplus
:
;
——
33,558
2,500,000
701,334
2,379,585
——
$0.14
$1.01
$0.14
V *
: •
'
share-L,
common
Verdier
capital
of
shares
158,
stock.—V.
all
of
and
charges
Paris
control of
owns
Chronicle."
Francisco
Co.—"San
Goods
Dry
firm
The
23.
v' ''.; "'
'• ;
'
1943
operations^-——$1,410,162
4,860
Interest
^
),
1942
Net
Net
ry.
Net
611,440
from
ry.
—V.
railway-
24,660,102
income
25,201,413
13,807,599
—V.
■
,
Va
of
128,809
"Real
250,000
of
corporation
the
'$308,710
(less cost of sales).'—
"After
;;
,
of
$227,279,
y
any
$3,208,052;
37,613
,;:
25%
I
Balance, '75%
mortgage income bonds.———
Add, interest accrued out of available net
Pension
and bills
reserve
—
^
Total
.
of
amount
Oct.
31,
Interest
bonds
Interest
available
income
net
1943—j
payable Jan.
outstanding
carried
be
for
>
1,
1944,
J/2
forward
'
60,000.
$^.413,000
2,205,700
p.
(4 of 1%
$8,555,104
-
revenues'—
expenses
•
Z
>■'
•
General
Net
;
operating
income
837,870
Md.,
.
P-
2519.;
other deductions.
12,327
$2,051,496
926,748
•Net
Income
■Other
on
on
direct
common
865,436
Directors'
charges....,
Balance
on
Note—Included
€75,
in
operating expenses for
currently credited to
313,360
Profit
637,524,
Prov.
206,214
—
—
a
reserve
account
Cieferred because of war conditions.—V.
158,
the
as
p.
Crl,352
$158,291
$236,528
current
year
provision for
2397.
houses
■
■
■
■
•
is
y
,
1942
*i8~075
.
profits
$677,585
$466,424
$539,006
160,280
163,200
163,200
—
239,442
238,279
236,874
650
650
850
1,075
Cr2,115
033,367
017,725
Crl9,250
16,600.
$95,280
$78,670
14,700
42,100
14,700
42,100
44,000.
$124,246
14,700
10,525
14,700
21,050
•_
;
post-war
refund
investments.
y y
y
-
.
'-y",y
1943
$61,655
'
32,509
474,576
6,054
—_y-j
;
4
,
:•
807,585
74,894
Deferred
of
Consolidated Balance Sheet, July
banks,. $96,414;
receivable
(after
29,605'
191,764
13,399
536,358
21,218
~45~038;
excess
22—2,—— L~i
goodwill—
472,784
12,806
11,385
y' 1
charges and prepaid expenses
and
1942
y
$209,590
37,658
8,985
refund
'
.
30
—_y—y—j—.
other———
'
$2,036,958
loans,
Dividends
Accrued
Social
within
due
one
1.
$1,532,564.
capital
security
stock,
taxes
State
taxes-—
local
arid
'Wages—A—
115,809
14,200
95,000
100.000
22,660
23,935
taxes
9,286
—_'_^y—
Employees' funds and taxes withheld
■
3,675
income_—
on
and
$50,000
170,841
—
,_y
—
Federal
$422,222
year———y—
payable, trade—
payable
—__ 1———
liabilities:
Federal
t
Additional
54,000
51,400
$105,447
$142,242
81, ,1943
cash in hands, of ..paying, agents,
providing for doubtfuraccounts), ^
conipensation,
—j
-——
6%
38,422
12,000
.
Total
preference stock
stock
and
(par $20)
"Represented by 42,100 shares
11,520
no
3B13
187,500
245,t>00
796,474
———.
(Continued
~
198,611
—
surplus——I.
——
3,686'
31,741
245,000
—y-
loans, -due -after one year-—y——■
class/A
1L465
31,246
—_
officers-
Miscellajneous
Bank
28,274'
18.534
18,450
Comparative Balance Sheet, June
.
Patents
Crl,504
$53,300
2,400
,
30~500
profits tax
4,000
Plant and equip, at cost, less reserves—517,657
excess
189,841
9,025
'
-3,750
56,000
"84,153
$88,409
.
Post-war
6,881
$127,800
38,829
V 25,914
'
446
—
$176,246,
•
"l2.188'
stock
marketable
Salaries
07,062
accounts
.
Uncompleted manufacturing orders
Guaranty Trust Co. of N. Y„ blocked sterling-.
disposal of fix.
Assets—Cash .in
$83,638;
10.562
"
5,000
Inventories.
234,182
—
(est.)
41,588
.$13,906
tax——'
deducting
163,200
taxes
1940
1941
32,115
Accounts and notes receivable,
$597,477
profit
,
$221,953
'
*15~200
3,750
profits tax--.-
pfd.
"Common
Net
$1.26
Liabilities-
July 31—
&
*.
;
,
30,869
:
,
income
011
Accounts
aft. oper. exp.
investments
294,011$1,36
'298,525
$349(043
•
insurance, cash surrender value——
Accounts receiv., trade, less reserve-—__1 ——
1940
from
298,525
- $1.77 '
•'
sale————„
income
excess
Bank
1941
for inc.
$189,•«
expense?
•
Investments
1942
fees
940,890
~5~908
taxes-
Assets—
-■
;
assets
$1,186,060
,637,524
$401,625*
Life
threeBalti-"
throughout
1943
Depreciation
423,468
...
stock..
distributing
'
.
interest
$1,425,497
...
preferred stock
■„
,
Net profit
'
Dividends
539,265
$375,550 i
.
1943
dividends
Cash
,
j
Years End.
Bond
$2,352,245
local
cap, stock tax_
security taxes-
on
r.
(Including Mutual -Grain Coy Ltd.)
$2,039,169
.
.1
891,674
of excess .profits taxes of $4,000.tOf London branch net assets at May 31, 1941, based on the price :of
£25,000 ^converted to dollars at rate of $4,025 to the pound sterling,
necessary
698,965
20,472
1,267,224
-Earnings-
30—'
-y—
"After
Western,Grain Co., Ltd.—Earnings—
815,030
766,485
$2,331,773
to.'numerous
,
-1941
$8,5*42,687-
depreciation,, provision for foreign'contingencies,'etc.—V. 158,
and
Net
work to, adapt these buildings to war production will'
will
be started as soon as. possible and the company estimates it
will be able to begin partial operations early in 1944.
Full operation
will not be attained until some time later due to the time required
to obtain machines and tools for installation in two units.—V. 158,
Loss
Dividends
addition
in
country.
;y
1,593,723
-j—-Zl—$527,657
Common
745,581
862,910
profits taxes
revenues....
income >
Interest and
exc.
•
'—a
Gross
-Earnings-
y..j;.„d
taxes
Provision for Federal inc. and
Other
the
,
17,494
-Fed.
value. /Represented
manufacturing
more,
price:
,y
■
2,121,380
taxes
profits taxes
23,852
Federal
has grown'beyond present facilities, which include
plants at Chicago, 111., Kearny, N. J., and
added,
at the office of
York, N. Y., at;
redemption
Adjustment _jy_y„i_—
buildings leased are the Buick Service Plant at 245 13th Street,
and the Hardy Funiture Co. building at 745 R .Street. The expansion
of Western Electric Co.'s war production responsibilities, the announce¬
main
"
,1942
$9,714,570
41,083
%^/y/'/'v;
-
;y
New
1943
53,593
State
The
y_..y..___ $13,662,059 $12,324,587
8,863,021
8,025,842
—ij——
Depreciation '■
31.
tOn
:
made
be
Amortization
$8,032,450
1872.
p.
will
Wall St.,
59
$302,699
$Of
tion, it was announced on Dec.
448
1942
stock
Co.,
___y
Divs.
ment
1943
&
Development expense— *
in 1942 and $1,895,542,
depreciation of $1,697,083
shares of $100 par.—V. 156,
The
Washington Gas Light Co/ (& Subs.)
income
excess
income
Western Electric Co., Inc.—Leases Additional Spacefeet of floor space in two indus¬
trial buildings in Lincoln, Neb., which will be devoted to war produc¬
2,808
$2.05,
taxes.
yy yy.:,
'
.125,000 ..125,000.
—601,052
292,342
tl35,000 shares common stock of no par
1943.
$927,973
profits
excess
y
,,
Depreciation y„___^._y.—
company has leased 200,000 square
.
12 Months Ended Nov. 30—
Operating
Operating
and
.
30—
Wico Electric Co.
Net
,
for
1941
,
1385.;v.'/.
Cartridge Co.—-$20,000,000 to Government—
Edgar W. .Taft, Treasurer, said that "unanticipated profits over andabove original estimates- made, possible the voluntary return of $20,000,000 to the Government," by his company.—V.155, p. 1223, ; y
29,283.
for bonds outstanding—
$1.72
income
stock.- /
the called
Sept.
Years Ended June
272,800
—
1,803,000
y._vt—n_k_y—" *_n_—_yy
2,563
payable.
832,130
868,046
50,000
50,000
916,223
1,412,000
'
next
157, p. 262.
1942
$1.61
'
Outstanding common shares—:
Earnings per common share—
71,352
$8,032,450
_'
reserve
Subs.)—Earns.
$803,935
date of redemption, at the
1, 1944.—V. 158, p. 683.
• •
Feb.
profit'
Social
by
29,732
1% -on $5,856,700 .of
„k.,
—'
succeeding period,
of
to
Net:
Loss
interest
•
—
to
being less than
—V.
cumul,
-
Federal
Federal
"After
income of prior
....
$0.83
.
$12,648,986
and
"57" 360
taxes—a——.
—
Total
(&
Corp.
'
$26,924
—
$1.02
$759,867
;
sales
before
180,000
—-
—
Products
Harriman
to
"Profifc
^n
—
$2,413,000
—
2,205,700
,
—
and
Months Ended
Surplus
.
<
unpaid
heretofore
periods,
$1.10
y
.■
.
.
or'before
on
dividends
Income
8,975
of net income available for interest on 5%
270,657
$405,y86
2.484
-
13,488
—
', 587,330
$512,413.'$480,544
1943
common
Payment of
Brothers
time
1,602,142*
———; $8,555,104
.
:
overdraft
Accounts
35,898
of net income.———
223,138
corporation has called for redemption as of Feb. 1, 1944, a totalshares, of its $4,50 cumulative preferred stock at 100 and '
2,188,123
*
stock
for income
loan
10,567
of net income .of-————
payments
"9
Net
Western
Sinking fund
$899,780„
(S. S.) White Dental Manufacturing Co.—Earnings—
862,684
48,463
profits tax_—.
excess
-
Bank
$35,898
Distribution
1941
•
1.130
and
1
.',Z.
preferred
fCommon stock
191,889
9,055
depreciation—I
1943
1942
$2,537,590
$1,305,900
246,520/
'238,026
share——
common
per
1,998,723
—
refund under
Liabilities—
$49,386
before
(& Subs.)—Earns.;
1942
725,171
—
Victory Loan bonds-
2%.
Canada
.'Total.
,
income
The
of
'1943
$3,098,902
—_
——,——
$6^%
in
Net
Feci-"
for
yv:>
•
Partial Retirement of Preferred Stock—
•
Special wartime inventory reserve.—————4,
Net income before depreciation and first mortgage paym.
Payment on principal of first mortgage^;.—jj—.———.—
$0.38'
.
1943)
;p. 1774.
158,
(est.)—_ v 1,328,657
';;y;y
charges
"After
$260,898
—
$2,555,113 -in
>
$1,192,285
$0.25
.
:
dividends.-
$216,562
trade marks and goodwill,;
and bills receivable—
Patents,
Accounts
Post-war
-■
all sources
Income from
56,000
..
Consolidated Balance Sheet, July 81
Deferred charges
report to the trustee:
Operating, administrative and general expense
Extraordinary expenses, including war damage insurance
Interest on first mortgage and special assessments——yy.—
profits tax
353,132 shares of
125,000
memberships, misc. inestments, etc.—
Dom.
■
1943.
following is a summary of
(of
taxes.—V.
: )y'
.
profit
2,384,339
62,144
5% mortgage
period ended
Jan. 1, 1944 on the
for the six months
paid
was
profits
1941
$809,989
119,569
57,102.
'
Cr 180,000
Bank
Corp.—Interest Payment—
1%.
provision
and
excess
2159.
p.
fEarnings
152,333
y.-'y'yy '7y;y: ). • •.
estate, buildings, etc
Reserve
ol'
and
-.1942
$1,107,729 '
$0.35'
9 Mos. Ended Sept. 30—
122,789
"j—-L--—|—
;
,
Trade
8,789,842
7,799,946
6,799,810
1943
•
:
——„I—
excess
157,
Brown
12,875,600
6,853,210
2,245,173'
earnings
Earnings per common share.—.
2,250
,
53,865
portion of excess prof, tax
Net -profit
Investments
23,407,094
12,186,073
4,249,041
4,242,210
—
♦Net
133,426
Assets—
2397.
p.
bonds
31,
24,427,454
11,328,823
_
6,966,277
9,675,363
Sept. 30—
depreciation
4,120
5~1*925
.954,821
for
Refund,
; y
673,051
__
14,935,450
Westvaco Chlorine
117,513
depreciation-—
for
'
Wacker-Wabash
The
804,649
income.
oper,
158,
Interest
Get.
585,916
income—
Net
1941
—
loan—
-profits taxes—
special war-time in v. res.
excess
1,209,868
income.,
January 1
from, railway-
Net
1,205,009
oper.
From
Gross
$2,304,704
1,006,959
470,047
16,755,563
10,829,597
railway—
income
Income,
for Pro v. and Dom, inc. and
Prov.
$2,205,261.
$2,103,598
1,028,910
railway—
from
426,309
21,705,062
operating profit
Depreciation i.—„„y
$589,111
:.t
officers
executive
for
bank
1940
$2,360,131
railway-
from
Gross
767,964
34,574,577
9 Mos". Ended Sept. 30— ..."y
Subs.)—
1,238
in
Provision
v.;
1941
1942
1943
>666,618'
771,127
Net
$0.04
4,755
■
Virginian Ry.— -Earnings-—
November—
»
$1,762,213
815,231
(George) Weston Ltd.—Earnings—
1941
$16,662
$913,655
.
Remuneration
the City of
\
■
$2,332,437
•
200.
p.
(&
Ltd.
Co.,
Mills
Flour
Legal fees
:
Dec.
on
1,996,574
1943
': 1942
' " ' 1941
;profit„-i4;-——■$549,625
-$501,951
$713,584
fEarnings per common share
$3.42
"S3.12
$4.44
"After charges and Federal income taxes and after post-war adjust-,
ments (amounting to $202,400 in 1943).
fOn 160,683 shares.—V. 158,
provision
Directors' fees
corporation had declared and paid, all accumulated dividends
on
the first preferred stock of $33.54 a share and an additional pay¬
ment of $3.30 a share on the second preferred -stock
arrearages, it
announced
1940
1941
$3,885,781
.
Years Ended July 31—
,
The
was
■
1942
:
.
45,727,799
21,407,922
1—
railway^—
oper.
"After
stock outstanding,
capital
Earnings from
dend Arrearages—
.
p.
'•
"Net
tOn
taxes.
Federal income
p. 2298.
for
.
Earnings—
;
Divi-,
San Francisco—Pays
Ltd.;
Associates,
to.
158,
■
9 Months Ended Sept. 30—
1942 .1941
$131,099
•' $174,900;
$0.33
$0.44
$252,161
$0.63
y
provision
and
(& Subs.)—Earnings
1943'
'.
j—;
Western-Canada
cash reserved for tax payments of
1942,—V. 158, P. 1182.
Vy.
notes and
deducting tax
(After
$2,427,953 in 1943 and $270,500 in
.v
.
$5,750,992t
————j—$8,478,384
Exchange.—V.
y
1,377,238
profit
eral
for Federal taxes.
fOn 409,954
tlnciudes $243,409 non-recurring
profits from sale of equipment to the Government—V. 157, p. 1095. ■ V.
Prov.
Total
1943
-Earnings per common share
■
;
Curb
.
the
aocording
'
depreciation
♦After
shares
57,038
403,794,,
2,500,000
-701,334
1,776,555
y ;,
York
New
22
outstanding com¬
share,
a
158, p. 2298.
♦Net
$85,589
$0.29
share.
Western Air Lines, Inc.—Earnings—
Sept.-30—
1943
7;
1942
profit
$124,308
|$502,835
fEarnings per common share——ji, ; .:
$0,30
$1.22 ■■
210,082 >,
miscellaneous——Y-
reserves,
$17.50
$4,646,686
income—
oper.
3 Mos. Ended
-
$139,589
9 Mos; Ended
<•~
594,809
deposition contracts.—.^wAy-—Ay ..AT—
and
has extended to Jan.
purchase all
at
Westinghouse Air Brake Co. (& Subs.)—Earnings—
!
1943—9 Mos.—1942
$204,749
•
•
„
to
Co.
RR.-—Earnings—
"
•
railway
from
ry.
—V.
Inc.—Earnings—
1943—3 Mos.—1942
*Net
$102,189
$269,098
2,000,000
payable-A—yw*.j—;~~y-——banks———-i_-—2— .
payable,
Accruals
-/'A
«
Current, accounts,
Notes
$5,750,992
*
the
railway——
Ne** from
A'A1
■
—
Total
:
From January
Cockley & Reavis is
Day,
from
Gross
E. L- Ferguson, Treasurer,
and
Jones,
A'
from
Net ry.
Vice-.
Cox,
R.
$122,749
p.
profit
400,000
Government
S.
firm
y
$401,153 ' ;
obligations.—-—'—1,023,505
719,912
Notes arid accounts receivable-—1,616,643
571,342
Inventories
-——Aw—-.,1,676,679y 1,590,800
Fixed assets, net
—~—_ii—1,936,323
2,018,356s
Other assets —y-A-——----' ' 256,729 '
241,226
Investments in subsidiary companies, cost——
208,203
208,203.
Post-war refund of excess profits tax
178,075
u-:.
;lf.
y
com.
fEarnings per
Oct. 31,'42
_yi—-A^A-AA—■-$1,582,227
„L1-—1.1.
law
charges—
per
13After
Nov. 7,'43
Assets
Corp.
its offer
Grocer
at
1656.
p.
Weston Electrical Instrument Corp.
*Nefc
renegotiation of war profits.
'
the
T ,y
Quarter Ended Sept. 30—
Comparative Balance Sheet
Cash'
of
Co.
West Virginia Coal & CokeGorp.
$2,47 y-
V
par).
Net
•
.
Note—1The
charge of manufacturing,
'
—V." 159,
$3.56
.
3
Western. Pacific
subsidiary.
a
Weatherhead
the
profit
Earns,
$193,901
( $590,510
-—
——..
in
of
Federal income taxes
■.
Jan.
on
November— ;
300,000
taxes—178,075
profits
of excess
refund
& Kenny
Western
156,
(Iowa)—Purchase Date Extended
.'....
\
Gross
.
Reavis
after
Net
Post-war
the
Period End. Sept. 30—
$193,901'
j——A—A—$412,435
Balance
years
W.
Products Co.,
'
$493,901
provisions of the Excess Profits Tax Act
$11,443,080.—'V.
date under
of
filed
.•2623.
Hardware
American
Webster Eisenlohr,
'$„ v"
.303,688 '
$712,435
300,000
—
notice
""
■-
Cleveland
as loan officer and Vice-President,' and is already a
Weatherhead Co.
'
A'/
Secretary.
Profit
Net
■
,-•=
director and a member of the execu¬
Co., and is General "Manager
Vice-President,
of
Screw
officials
President;
John
_
23,360
5,840
;
'"-v..,-.-.
.
total,
Warner
Sprague,
purchase
shares
mon
Bailey has-been with the National City Bank of
of
director
Nov. 7, 43 Oct. 31,. 42
$2,834,981
income
Federal income and excess
Corbin
Henry F.
Veeder-Root, Inc.—Earnings—
is
committee
the
of
Other
.
^
the
under
$21,743;
company
I, Lewis
H.
tive
completed whereby $1,100,000 will be refunded. •
The effect of this refund will be to reduce net profits for the year
1942. which were previously reported as $1,145,065, or $4.77 per share, ,
to $837,065, or $3.49 a share.—V. 158, p. 1286.
; , V .y.
™
44 Weeks Ended—
The
final
I.
H.
is one of the world's largest manufacturers of fittings
for automotive, aviation, and a wide variety of industrial equipment.
The
profits has been
Earnings of parent corporation
Dividends received from subsidiary
by
the
over
■.
by A. J.
created position of Executive
Lewis, Hartford, Conn. Henry
position of Vice-President in charge of
filled
be
will take
Bailey
finance.
fEarnings per common, share
$2.08
$2-7V , « $2.48.
!
" After charges and provision of an 80% reserve for Federal income-,
and excess profits taxes,
fOn the 240,000 shares of common stock. y
J. Y, Scott, President,
states that the renegotiation of company s
1942
will
Canada
Western Grocer Co.
The newly
President.
Jr.,
Vice-President
of
contra,
per
vice-presidential posts were announced on Jan. 4
new
Weatherhead,
Oct.11,'42
Oct. 9,'43 • Oct. 10/42
'
minion
"v
" ;
2260.
p.
(The) Weatherhead Co., Cleveland O.—New Officials
Tool Co.—Earnings—
\
war
Stock.—V.' 157,
Two
40 Weeks
of
renegotiation
..
Van Norman Machine
and state income taxes but without provision1
contracts for 1943.
tOn 400,000 shares of
Fed.
charges;
".After
"
from
Net
.
2,641
,
.
$5(013,011;
cash tickets, orders,
$770,903;
accrued taxes
(estimated), $200,235; ac¬
payable, accrued liabilities and customers', margin accounts,
$353,378;
bonds,
$2,563,200;
6%
cumulative -'redeemable
preferred
shares ($100 par), $1,900,000; common shares (200,000 shs.), $775,229;•
deficit, account, jDr$154,620;
estimated amount recoverable from Do¬
etc.
1942
$152,383
$0,38'
1943
$224,388
share-.—$0.56
depreciation of $2,013,866),
(less depreciation), $9,957; total,
for
reserve
•
Liabilities—Bank
;y y,.
"
-Quarter Ended Oct. 31—
$102,276
37,655
$87,495
Co.—Earnings—
Motor
Waukesha
1940
1941
1942
(less
$3,495,057; furniture and automobiles
$11,443,080.
par
745.415
$2,036,958
$1,532,564
;
value.—V. 156, p. 1424.
on page
147),
'
■
M
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4245
Volume 159
Stock and Bond Sales
DAILY
aalea are dlaregarded In the day's range,
NOTICE—Cash and deferred delivery
«»
New York Stock Exchange
WEEKLY
-
117
v
YEARLY
-
unless they are the only transactions of the day. No account If taken of such
sales In computing the
United States Government Securities on the New York Stock
Below
furnish
we
a
current week.
Jan.7
Jan.6
Jan.5
Jan. 4
Jan. 3
Jan. 1
Daily Record of U. S. Bond Prices
Dally Record of U. S. Bond Prices
Treasury
2'/as, June, 1964-1969
f High
Treasury
\ Low
.(Close
4Vis, 1947-52
Total
(High
V
:K-i.:.'-'
Total
.
'j.'-'n
100.25
100.25
100.25
100.25
100.25
\ Low
(Close
Low
(Close
100.25
-•
' ■ff,-
■
2s.
(High
( Low
1947—
—»■
JbOW
Close
Total sales In $1,000 units
—*
"High
2s, Dec. 1948-50
Low
•
(Close
,,
[nigh
,i
,—
Low
(Close
■
Total sales In $1,000
[High
•'..
:
-
2s, June, 1949-51
(Close
1103.11-
...
Total sales in $1,000
103.11
-{ Low
•
- -
Total sales In $1,000 units—-.—
103.11
-'
2s,
[Close
2s, Dec.,. 1949-1951
(High
:"
—
) Low
Total sales In $1,000 units
..
/'
March,
1950-1952-i
(Hign
\ Low
23As, 1956-59———
Close
:
—
%
—
sales In $1,000 units
f.: ?'-.-rHigh
2s,
'
(close
.
(High',
•
:
Low
1951-55—-
251
Close
units
(High
2s
1953-55—-.--—————f Low
(Close
Total
—
sales
in
$1,000 units—
[High
—{ Low
f:V
1 Low ft
1%S
:
1948
(Close
•f.::
(Close
*
Total sales in $1,000 units
(High
j Low
2%S, 1949-53
Total sales In
—
;
if?,;:-'
106.17
—
,
106.16
106.17
—
$1,000 unit§
106.16
106.17
(Close
106.16
Total sales in $1,000 units—
2
Federal Farm Mortgage
.
,
-
;
1
[High
( Low
.
yyy':,
T;:
\■
(High
— ■'f,
( Lou HOLIDAY
■
1
2%S, 1950-52
r„;
Total sales in
i—
'
.
(High
3s, 1944-1949
Low
>
Close
in
Low
Home
Owners
>
3s,
f High
-
Loan
'•
100.3
100.2
1963-1968
Low
100.3
100.2
:
(Close
100.3
1
Low
"
:
••
units
'
-
(High
Low
100.2
Total
sales In $1,000 units
.
—
5
•
Total sales
1
♦Odd
NEW YORK STOCK
Saturday
Monday
':■!
Tuesday
i-
Jan. 3
Jan. 1
;
$ per share
f per share
59%
60%
♦110
♦59%;
112
♦47
48
r 53
♦HO
53
10%
"'f:
30%
;
60 %
% 60%
•
111
48
53'
53
10%
48
29%
*28%
19%
19%
19%
40
40 %
♦68
:
♦53%
54
*53%
11
6
6
124
124
Friday
Sales
Jan. 7
t per share
60%
*110
60%
48%
1,200
10
%
10
20
19%
19%
1,100
41%
41%
41%
5,000
Air
6
125
73
*69
6%
126
73
6%
*70
6%
'
6
126%
*124
126
300
6%
14,400
80
26%"
9%
147
31%
footnotes
see
14
147%
14
32%
page
9%
146%, 146'%
148
♦13%
127.
31%
14
32
*13%
31%
9%
148%:
14
,32%
9%
9%
*147%
14
31%
*69
9%
'
2,600
700
73
9%
149
149
150
14
14
14
31%
31%
32%
48% Jun
29%
Apr
61
..10
67
■
•
Jan
3% Jan
-
600
7,500
Chemical
&
Dye
-
.100
5% Jan
13
„
1
76% Sep
3
7y8 Apr
128% Dec
6
3% July 14
32 Va Sep
25
3%
2
25
3%
25
2
9%
16
.
v.
11% Jun
4
165
July 15
3%
118%
Apr
103/4 Jan
8
14% May 22
10
May
4
37% Nov
17
Apr
Oct
Nov
.17
.
.
Jan
73%
Feb
7%
.
Apr
9
%
6%
.22% Jan
Nov
19
Feb
6V« Nov
Jun
57%
11%
,
May
hfcay 26
Nov
-V
Apr
45% Sep
Oct
4
94%
Apr
31% Sep
Jan
16 V* Jan
69
<
«
2
140% Jan
par
Dec
16%. Dec
41% Dec
,
69% July
A Jan
—5
T
Jan
26%
1% Mar
28
Jan
Nov
Mar
7
Dec
8%
Jun
par.
1
No
Allied Kid Co—
Allied Mills Co Inc.—
5 Va Jan
18%
28
25
& Jan 11
—
—
Jan
7
Dec
.48%
-
Jan
.100
Min—.
7
38 %V
26%
73
8
a
Allied
37%
26%
73
*68%
38% Jan
1,100
38%
26%
68
*9
10
par
1,100
37%
26%
9V4
8
32% July 13
21% Mar 30
31 % July
37%
26%
2
._10
25% Feb
14% Jan
75
37
*38
Par
Apr
15
37
•
13
Jan
9,000
-11,500
25%
%
9 %
ft
64
2%
25%
24%
51%
5% Apr
7% Jan
All eg & West Ry 6% gtd-—
Allen Industries Inc—
2%
24%
25%
*
39
11
2%
25%
23%
26%
18
41% Jan
11
2%
24 V*
24%
73
43
57% Sep
May
Sep
Jan
2%
24%
24
f
31
18 J/8 Jan
2%
24%
23%
25
3
52
5,800
2%
24%
♦68
113
July
23
85
2%
72
Gold
Mar
par
Vicksburg Ry—
Juneau
May
.100
Albany & Susquehanna RR1
Allegheny Corp—
.100
5%% pf A with $30 war—
.100
5Va % pf A without war—
$2.50 prior conv preferred. No par
-No par
Alghny Lud Stl Corp
23%
25%
Alaska
$ per share
37
63% Mar 12
115 % Sep
.No
Reduction Inc———-To
fv
Highest
104
9
No
«...
Adams-Millis
Alabama &
75
126
23%
37
Adams Express—
%
I per share
29
4
Nov
35% Jan
.No par
-25
Acme Steel Co———.
Abraham & Straus
19%
29%
1C8
$ per share
5
5lVaJan
.100
...
41
29%
2,100
2%
24%
preferred
41%
11
24
♦68
4%
40%
10%
300
24 V*
♦36%
No par
Abbott Laboratories
Year 1942
Lowest
Highest
I per share
Corp—
Address-Mutigr Corp—
*69
'
Range for Previous
Range for Year 1943
Lowest
29%
53%
bond.
.
EXCHANGE
29%
20%
29%
11
registered
STOCK
NEW YORK
54%
11%
29%
53%
of
Shares
112
*47
for
21/4
.
tTransaction
RECORD
the Week
23 V'a
♦23%
sales,
201/8
"
72
6
60%
112%;;
10%
^
29%
124
57/B
124
60%
♦110
48%
40%
72
60%
111
*47
18%
39%
♦68
S per share
48
10%
♦28%
Jan. 6
$ per share
112
■■■%;, *47
Thursday
Jan. 5
f per share
in $1,000 units
STOCKS
Wednesday
Jan. 4
lot
[Close
•1
i
LOW AND HIGH SALE PRICES
For
1944-1952-
1V2S, 1945-1947
(High
Vis,
series A,
Total sales in $1,000
Total sales In $1,000 units
2
5
[Close
-I Low
IClose
2yas, 1962-67
•"
(High
sales In $1,000 units—
.
100.28
$1,000 units
Close
Total
100.28
.[Close
-
Total sales
100.28
Low
•
-
sales In $1,000
2yas, 1956-58—
[Close
$1,000 units——
*
High
Total
3V4S, 1944-1964—
•.
(Close
Total sales In $1,000 units
2yas, 1952-54
250
100.6
Low
(High
•
100.6
-
'Total sales In $1,000
—
units—-:
1948
100.5
*i
100.6
(Close
—
Low
(Close'
100.5
i
f-y(High
2s,
ffeSfof
—.
1945
100.5
111.12
?v
Total sales in $1,000 units
111.12
111.12
3
(High
-Toial sales in $1,000 units
,.
tyi
100.21
1
O
,
100.21
100.21
in $1,000 units
Total sales
—
100.21
100.21
Low
(Close'
,,
2s, 1951-1953———-—
( High yc>
\ Low
y t
100.21
I High
|
,
—
sales in $1,000 units—-
2'AS, 1960-65
i
1950-1952
■"
Low
(Close
2%s, 1958-63————
Sept.,
%y
(Close?,.
2%S,
Low
■
f?.
v-
Total sales in $1,00G units
>:%y-y■ yfy
sales in $1,000
[High
'
.•
2s,
(Close
Total sales in $1,000 units-
Total
Low
Close
y% ,:v;:i•.y--f
2%s,
(High
—
2%s, 1951-84
Total
units
?
Close
^
l-V<
(High
•[ Low
1949-1951
Total sales In $1,000
■■
Low
Total sales In $1,000 units
Total
Sept.,
1
—
High
.
Low
■
—
—(.High
2%S,. 1948-51-———---^
units
—
.Total sales in $1,000 units——-ai-'v.:
(close
'
—
High
2s, March 1948-50-
—-
' %?1
,
Total sales In $1,000 units
y—
Low
23As, 1943-47
—
(Close
(Close
W'JX'.r:
—
—
,
Total sales In $1,000 units-
.?
—
(Close
r:,
(High
1955-601-—-——
1
•
—
f High
1 Low
Total sales In $1,000 units—
—
Total sales In $l,000 units——...
3s, 1951-55-.-
Low
—
Low
(Close
'
,
—■:
Close
$1,000 units
-
—
(High
■
j
yy.f:
—
units
2Vis, 1954-56
—
—
(Close -.f
38, 1946-48
1
fr
—
(close
■
.
V-'
Total sales In
Low
J
-y
.'
'
Total sales In $1,000 units—-—-
%
—-
:(High HOLIDAY
,
—
High
—
'■
Total sales In $1,000
—
"
>•
30
Low
2%S, 1952-55
Low
Total sales In $1,000 units
\
i
High HOLIDAY
Close
VV-:v;;
13
,
—
—
2%s, 1951-53
*2%
sales In $1,000 units
3y8S, 1946-49
2%s,
100
—
\
Total sales In $1,000 units
6
[High
.
100
—
K
100
—_
(High—
Vis, 1944-46
-
100
100
,
—
$1,000 units
-::
106.9
units
■
in
2Vis, 1967-72
106.9
1 Low
3y8s, 1949-52
10
100
(High
{ Low
"J QJ'Qgg
•
(High
106.9
(High
;
100
—
.
[Close
Total
100
100.1
Jan.
.
100
100
100
Jan. 6
'
3'As, 1946-56
3
;f(-.-
I '
Total sales
units
Total sales In $1,000
'/s ■' f
V
(Close
.
sales in $1,000
100.1
100
r
—
the New York
Jan. 5
100
Low
[Close
5
2yas, Dec., 1964-1969
| Low
on
\
Jan. 4
f High
_(
bonus
coupon
Jan. 3
Total sales In $1,000 units
sales In $1,000 units
4S, 1944-54
Jan. 1
year.
Exchange
in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation
Figures after decimal point represent one or more 32d of a point (See note below).
daily record of the transactions
Stock Exchange during the
for the
range
Dec
149
12 Va
,
Jan
Jan
..16% Nov
Monday, January 10, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
Range for Previous
STOCKS
Jan. 1
Tuesday
Monday
Jan. 3
Jan. 4
■'
97
96%
96%
15
15%
10,900
97 Va
96 %
96 %
500
38 Va
38 "a
39%
39%
39%
38%
39%
9.300
18%
600
"2Va
;;/%■ 500
40
37%
Va
18%
18%
18%
18%
18-%
*27%
29%
18
2%
2
2
2 Va
*2
83%
84%
85
30%
30%
59 %
60 '/3
83%
83% ; .83%
30
30
30
59%
59%
59%
,
18
17%
17% :
17%
61
61
-
60 %
60%
8%
39%
8% '
8%
83%
83%
172%
172%
171
34%
34%
69
68%
69
23%
34 Va
*68
23%
23%
,:■•:•
*23
112
111 Ve
*9%
14%
102
*101
110%
•
49%
2%
2%
8 Ve
*7%
9
*7%
?5;
25%
5 Va
26
25%
-
5%
5%
70%
16%
61
61
62%
35%
36
35%
36
70%
72
70%
71
2,100
17%
16%
17%
16%
17
8,400
63.%
*62%
62%
62%
35%
35%
35%
63%
35%
35%
3%
*3%
3%
3%
*62
;
?
3%
■
v
*40
41
*40
41
*40
67
*67
68
68
y
41
67
68
*6
7%
7%
:•
6 V4
*6
y *45%
16
*80
15%
16
16%
80%
80 %
81%
82
14%
14%
8%
8%
14%
14%
8%
8%
2% :
467/a
45%
47%
47%
41%
42%*:
42%
.43 %
9%
9%
.■>
9%
9
9 1/8
166
*163
12 Va
12%
12%
62%
63
63
64
14V4
14%
.
64%
411/4
41%
14%
147%
148 V4
24%
16
156 Va
28
57%
"
::
43%
Y 6%
*83%
6Va
6%
6 V2
6%
::%7%
69%
'
67%
67%
*43%
46%
*45
24%
V
'
26 Va
*26
*20
*114
*114
2%
85
86
46 Va
46 Va
26%
25%
26
26%
26%
26%
20%
*20 V8
43
*
:
43
88
88
-
81
90
90
*37%
38 %
9%
9%
*9%
8%
*8%
8%.
8%
*101
102
102
"
9%
102
38 Va
38%
*9%
*101
102
102
12%
12%
12%
13%
91%
92
91
92
85 Va
86
86
86
86
*86
*37
39
*37
39
*37
V4
4.000-
13%
13%
91
92
420
*86
88
70
39
*37
39
33%
90%
13
90%
50
104
88
13%
90%
12%
700
,2,500
9
%
:
7
~40
106%
105%
105 %
55
55
55%
55
55 Va
55%
56 Via
83
83%
83%
83%
83%
8212
83 Va
82
83%
26%
27
27
27%
26%
27%
27%
28
29
28%'
28%
29
29
29
29
27%
28
83
25%
'
*
60
*60
60%
25%
25%
*109%
110 Va
11%
11%
11%
*53%
54%
*53%
25%
25%
56%
109%
12
11%
54%:
16
61/
60%
*58%
26
*25%
110
*110%
300
61
25%
2,600
111
100
7%
71%
*74%
75%
16%
7%
7%
73%
-
75 %
;
*15%
7%
74
12
12
5,400
Atlas
53%
53%
200
6%
57 Va
57%
58
390
114
*15%
16%
114
7%
*114
40
116
3%
19%
20%
20%
20%
5%
5%
5%
5%
5%
6%
9%
9%
9V4
•9%
4
4%
7%
74%
74%
100
1674
874
*15%
7 Via
*73 Va
7%
75%
3%
16%
2,100
Corp
—
preferred—
.
5%
conv
No par
.-No par
Atlas Tack Corp
Nichols
Austin
$5
prior A—4——No par
400
4 Va
44,600
Aviation Corp of
20%
20
20%
21,400
Baldwin Loco Works v t c,
6 'a
6
6%
,14,600
10%
7,700
Del (The)
6%
50%
52
113
7%
2%
28 %
3%
No par
preferred——100
75 %
4%
.
Atlas Powder..
4
77
106
.',—3
Mar
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Nov
3%
Dec
74%
Dec
Apr
Mar
176
Oct
20
May
33
Jan
1
55% May
73% Jan
Y Y.
20 Va
Jan
.: 16
May YY
105
/•
7
July 23
May
110
Mar
Mar
103
Dec
69 a
=«
7%
3% May
■
Dec
Jan
14
Dec
22%
May
100 V4
Dec
7% Mar
16V4
Nov
15
27
4% Jun
Dec
92
2
547/« Dec
10
10
Apr
%
9
..
-
16 %
16
18%
.
Jan
49
I V2
10%
1
25%
Dec
Dec
Jun
70
■Y
6
22 / •
66% Sep
1 Va
2%
7% Feb
2
Oct
Oct
27
47
Nov
7
Jan
Y
"
',40 V4 Nov.
:Y
6%
Jun
1QV4
9%
•
Apr
12%
Dec
7%
Nov
82% Sep
15% Jun
1
10 Va Jun
4
4
May
7
16
Apr
Feb
Jan
15
27% Apr
125% Nov
113%
1
Oct
29
36
Va
48% OCtr 29
Oct
Apr
"
12 Va
23% Mar
3%
26%
23
Jan
(3
Jan
26%'Jan
--
---
Apr
142%
Jun
9 % May
16% July 14
52%
69% July 24
Feb
119
1
Apr
8
45% Oct 29
11% Jun
173
- ■
21% May
% Mar
4% May 10
2'"'-
Dec
5%
v
35% Mar
6
17% May
May
37
Apr
4%
Oct
Dec
2
Mar
U
Jan
56
Jan
25
20
9 Va May
Oct
3%
36 Va
Sep
X36% Apr
YjY
May 27
35
2V« May
5
May
5
'
32 V2
-
Dec
8%
Jan
36% Apr
V4
42%
Jan
17
4V2 Apr
Dec
Dec
2
July 14
407/a Jun
Nov
Jan
78% Jun
26
Nov
7%
25%
Jun
a"
May 10."
87% Jun
3
Jan
3 % May
.5
29 % May 18
4
2
3
2
2
6
5
1
Feb
159
July 10
128
22
Jan
6%
Noy
165
Jan
Jan
12
-V
Va
59
Apr
Oct
15% Apr
8
4% Mar
9 Va
Nov
18
4 Y-.;Y; 6% Feb
14 %
Dec
May
161
24
1
Dec
29
33
9%
2
17%
49% Sep
121 % Aug
,?
9
Jan
Jan
Apr
50%
Jan
143%
Apr
33%
Apr
1%
Dec
116%
Jan
4
Nov
Apr
39
12
Jan
Y 7% Nov
,v
108% May
.
4
May
88% Nov
Aug
49%
Apr
22
2
;•
23
134%
3%
20
V
Jan
Apr
120
1
12% July
Y 97 Va
Jan
34%
146% July 23
Oct
21% Jan
Apr
33 Va
65% July 14
Feb
Y12
101 %
63% July 15
Nov
12
Jan
78% Mar
32% Aug 11
Oct
Mar
21%
Mar
158 % July 22
-
144
Jan
7%
Aug 31
Jan
Nov
36 V4
Jun
15
Jan
43
148 %
Jun
16%
24
Jun
35%
.
Apr
136%
17% July 15
115
May
132% May
Aug 18
45
Apr
3
151% Aug 31
29% May 29
16
May
35 Va
>■..
32% Mar 23
47% Apr
70% Feb
Aug
8% July 16
3%
Dec
5%
Jan
79% July 21
51%
Dec
76%
Jan
7
3 Va
Apr
5%
Jan
54% Mar 30
38%
Jun
7 % Apr
Sep
84
Dec
17
Jan
112% Mar
May
1
12%
.
4 Va
Sep :<■:
4
•15% Jun
Jan
42
Sep
67%
Feb
40%
Oct
66
Jan
21
'
Jan
2%
5
Oct
Dec
36
Apr
2%
Oct
1% July
Mar
•
33% Dec
5% Mar
10 % Jun
28
110
Jan:
27%
26
6% Sep
75
30
7% May
10% Jun
.
Jan
Dec
107
40% Jun
'
Jan
28%
12% Mar
23
20
18
31
5
47% Sep
50
24
14% Apr
7
3 Va Feb 27
1
Y
22% May
8
29% Apr
7
23% July 15
116
Mar 18
31% Apr
Jan
5
Jan 11
Jan
2
Jan 2
18% Jan
25
100
5
50
Refining—
pref series A
1 Va
Jan
130%
Apr >;
Apr
56%
Oct
33
Apr
120
4
104% Jun:
:
8%
May
Nov
4%
Apr
79
Oct
82
v
July
Apr
6%
61% Mar
Y V 77 %
4%
97% July 21
Jan
Jan
94 Va July
22
53
' Jun
83
Jan
39% Oct
20
20
Jan
28%
Dec
30
81%
Jan
100%
67% July 24
27%
Jan
53
Dec
'Oct
90 Va July 22
60 Va
Jun
72%
May 26
19%
Jun
34%
Oct
36% Oct 26
I6V3
Jun
34
Jan
20
28% May 27
33
45 Va
Jan
23%
Jan
108 Va Nov
38
24% Nov 29
19
Jan
8
44
Jan
4
preferred-——100
non-cum
23
Aug 18 Y
.
__I
I SS Lines
W
Nov
11% May 6
18% Feb 25
Jan 20
Jan
2
Jan 9 j
Jan
7
Feb 27
Jan 4
Jan 11
59
Jan
7
29
Jan
5
100
Jan 4
44% Jan 7
66
Jan 2
No par
4% conv
57%
.:
114
3%
:"5%
Atlantic
12 Va
'
3%
G &
54%
12
*
*15%
Atl
500
7
*53%
12 %
54%
*flO
61
25%
109%
26
57%
,
-.
Atch Topeka &
12,200
■
110%
56%
57
106%
108
*53%
114%. 114 V'
114
16
60%
1
25 y4
*109%. 110
56%
*110
*106%
..No par
preferred..
;
100
Santa Fe—,.—100
5% preferred—
100
Atlantic Coast Line RR
100
7,200
54
49
6 Va
,V
112% May 10
8
1%
34
3
46
49
30
6%
4%
92
- 6%
72%
5%
1,200
25%
53%
*106% 108 v
108
Oct
Apr
3% Mar
5
Assoc Investment Co—
54
*106%
9 V4
38%
8
80
16 % Jan
5
preferred
No par
7% preferred
———100
Armstrong Cork Co
No par
Arnold Constable Corp.—...
5
Artloom Corp.—
No par
7% preferred
100
Associated Dry Goods
__1
6% 1st preferred——.—100
7 % 2d preferred
:
100
800
97 a
9
Jan
30
24% Apr
111% Jan 20
8% Dec 14
$6 conv prior
410
"
38%
9%
85%
3%
119
5%
Nov
116
6
of Illinois
& Co
58 Va
9
,12.50
No par
_20
—5
Daniels Midl'd
Apr
4
Paper Co Inc
Armour
5,500
18% Jun
45% Jun
Jan
Mining
Copper
P W
Archer
500
38,400
9%
>.:s
90
39
107
105
;
6V3
88 Va
9
9%
'
85
83%
38%
38%
38%
9%
102
44%
5%
6
5%
5%
80 %
38i%
56
*43 Va
44%
*43%
5%
77%
:
A
300
Dec
Jan
25 %
13
Sep
9% May
24
$5 div preferred..:
Andes
2%
Oct
Nov
24
91% July 15
24% Nov
Anchor Hock Glass Corp
40
10%
2%
5%
600
20 Va
70 Va
185% July 29
Jan
.No par
Anaconda Wire & Cable
18%
42% Jan 11
preferred
320
|,
.
50
Smelt
Jan
Dec
Mar
134
5
7
3% Jan 2
55% Jan 5
•>37/b Nov 30
Anaconda Copper Mining
25,400
1
116
2%
$5 prior conv
1%
11
43% July 14
25
—
Amer Zinc Lead &
100
•
.
26%
*9%
10%
8%
60'
*114
*9%
*9%
*28
20
20%
*2%
2,400
26
*26%
26%
Preferred
H Aug
9% Apr
3% Jan
53% Jan
No par
Nov
43
61
No par
No par
—100
1
Elec
1st preferred
Woolen
$6
American
2,800
..
48
25%
114
114
116
*46%
.
19%
8
18% Dec 31
115% Jan
32
Jan
Apr
7
34
6% Jan 14
100
Water Wks &
Am
'3,406
4%
46%
*37%
*37
.'"vs. 4v4
■4%
2%
*85
74%
*101
4%
4%
100
10
^.4--..
preferred
5%
100
16,500
6%
69%
10%
77
2,200
4
7
,
Type Foundries Inc.—
American Viscose Corp
——14
86
68%
*9%
42%
4,900
43 74
6%'
-
preferred
Jan
Jan
30 V8
14%
76% July
Feb
Jan
Jan
Jan
Jan
Dec
36
Dec 28
144 % Feb
1
35% Jan 2
141% Oct 11
19% Jan 6
11% Mar 9
•,
12
Jan 2
17% Jan 14
91
Jan
5
21% Jan 14
127% Jan 2
, 42% Jan
2
43% Jan 2
129% Jan 2
——-
6'7o
*
6Va
154
10 Va
54
8%
12%
25
Nov
81
29
2
"*"""18%'Jail
16% Jan
——
Amer
118%
70 V4
70
70%
*2%
75
2,300
6%
2%
5
*
•
Yy 777 670
97 a
6%
10%
42%
v
5Va
74%
2.400
7-
7:
43%
•
42%
61
400
;•200
77
7t.: 10,000
V 139%
*84%
*9%
>
-
5
6%
V
*1-14
116
Co
No par
Light————No par
$6 preferred——————-*No' par
$5 preferred
No par
Am Rad & Stand San'y,..—No par
Preferred
—100
American Rolling Mill
-25
4V2% conv preferred
.100
American Safety Razor
18.50
American Seating Co
—No par
Amer Ship Building Co.——No par
Arner Smelting & Refg
No par
Preferred
100
American Snuff
%—25
7% non-cum preferred-——100
Amer Steel Foundries-.——No par
American Stores
————No par
American Stove Co——
No par
American Sugar Refining—;
100
Preferred
4
100
Am Sumatra Tobacco——No par
Amer Telep & Teleg Co..
100
American
Tobacco
:25
Common class B
—25
News
American
Amer Power &
-
*20
20%
v.;
th>"'
28
6%
*2%
10 %
*2Va
j
2,700
59%
9%
7::;
7
1,100
156%.:
60%
86
6%
25%
•
'
156 V'4
139
*45%
26
*27
-
118%
6%
:
6,300
712,400
77
111%
111
n;
9%
/ *84%
i' y
.
30%
59%
4%
25%
*20
21%
116
*9%
42
24%
25%
25 Va
70
4%
46%"
4%
4
4
YY
88
6%
:
6%
'//•30%
119
*118
_
6%
25%
43% •43%
43%
119
800
•1574
08% .19
140
9 Va y
'
•
■r/
150
S:. 25 Va
/
60%
60%
139 Va
600
:/■• 15%
7'
5.9
58%
9%
*84
88
28 %
200
14,300
42%
41%
156%
156
60%
6%
7%
h'. *83%
88
•
140%
*118
118%;
111%
*27%
58 %
43%
43%
43%
*118
119
30 Va
*30:
111%
111%
9%
9
8%
8%
43 Va
*117%
*
: ■;
156%
% 139%
139%
139%
139%
8%
30%
60
59%.
59%
59
57%,
25%
900
;
-77/
.
148
147%
*140%
150
16 V4
28%
14 Va
4
149
:18 Va
1,600
38%
42 Va Y 42%
18 Va
.7
27%
•:
16%
57%
57%
14%
37%
38%
*147
2,550
wi i:
*27%
28
.
25 Va
28%
-
139 %
137a
18%
156%
•.
■
156 %
57
13%
16 %
*110%
111%
*27
156%
56%
30%
156%
66
26%
*16
17%
*109%
27%
•
*147%
•
111%
27%
65
14%
14%
38 Vs
,
11,100
13%
14%:.
28
t
20
165
13%
30
16%
*109%
18,400
165
17%
25%
15%
x29%
13,700
9%
65 %
*14
41%
25%
25%
15%
// l? ■*
"11,200
42%
13%
64%
.
150
*146%
24%
17,.;
v
148
41%
40%
150
:
32
47 %
9 Va
165
13%
14%
38%
38%
38%
;7
16%
7/.
9%
14%
*146%
46%
42
'•
42%
9%
27 %,
*
.V 31%
■'
14%
40%
■
150
47%
42 V4
II,300
—100
preferred
6%
1,470
2%
2%
2%
.
.
-
34
33 %
•
26%
:' 148L
148%
148%
122
*120
34
46%
•
64%
14 Vis
36%
37
*146%
•
26 %'
•
36 Va
'
24 %
24%
24
123%
*163
14%
261/4
Amer
13%
26 %
13%
13%
1,200
.
166
13
14%
14 %
Amer
9
preferred —7——,———:100
Mach & Fdy Co
No par
Mach & Metals—
No par
Metals Co Ltd
—No par
7%
,
-
*163
'
12%
26%.
Amer
2,200
2%
48%
42%
166
2,900
9%
24
.2%
41%
Y:
14%
34
2%
9
14%
*121
2 %
*162
14%
34
46
y;y
1,500
124
2%
2%
26,300
34
33%
x33
35
34
16%
81%
9
Locomotive^—.—No par
American
16%
81%
9
preferred——,-50
5%- conv
46%
14%
24%
24%
*4c %
15
•; 200
16%
8%
?
"6%
*6
-
82 Va
*122
124
*121%
124
100
1,300
1
..No par
American Export Lines Inc——1
Amer & Foreign Poweri——No par
$7 preferred—
No par
$7 2d preferred A.,,,——No par
$6 preferred
No par
American Hawaiian SS Co——10
American Hide & Leather—..—_,1
6 % conv preferred.
1——50
American Home Products——-1
American Ice
——-—No par
6%non-cum .preferred
—100
Amer Internat Covp_
No par
American Invest Co of 111.,———1
European Secs^,
Amer
16%
14%
8%
2,700
,7 7.
7%
,
6%
July
Apr
31% Oct
Jan 26
Dec 30
Jan 27
Jan 8
Dec 29
Jan 2
6% Jan 8
22% Nov 8
1% Jan 2
46 Va Jan 12
7
Jan 6
39 f Jan 6
30
Feb 23
7 2% Jan
4
3,5
Jan 5
53% Jan 7
2 ■ Jan 2
37% Jan 1
4% Jan 2
5% Jan 5
39'% Jan 2
7% Jan 7 2
68
Nov 8
12V* Jan 7
7% Feb 11
20 % Jan
4
116% Jan 29
x26
Jan 4
A Jan 2
Tning_.
Encaustic
American
81%
:Y:
-14%
•
24%
23%
23%
•23%
*121%
Y"
1,000
62
7%
46 Va
'
4%
4%
■
*61
6 %
16%
81
15 Va
v.:/
67
7%
yYY 6%
*45%
46%
1,800
| 500
41
V
62
7%
500
k
3%
67
4%
4%
:
6%
*6
46%
*45%
46 Va
*45Va
6%V
:
7;-;': ;Y
3574
,
*40
68
*61
8
7%
8 /■:
67 %
62
*61
62
*7%
/
41
*40
4%
4%
4%"-
4%
*61
8,300
72%
63
4%
5Va
3%
17%"
6IV4
700
,*17%
71%
17
4%
100
25%
5
5%
1,100
20
22
86'/2Jun
6%
13%
97%
15%
42%
1%
Co
Stamped —7———
1,700
72
71%
61%
10
9
conv
10
American Crystal Sugar
—10
6% 1st preferred————..100
Am#1"
Distilling Co
—
20
6,500
274
2 Va
Cable Inc,—No par
American Colortype
i
50
49%
48%
2%
5
*3%
7
114
114%
49 %
25
16 V8
3%
113
8%
70%
3%
113%
preferred.—_LlOO
non-cum
preferred—,—
—100
American Chicle———.—No pur
3,600
103
2%
■
25
4%
.
112
102
48%
8 % "
25
102
No par
& Fdy__,
330
;
15%
*101
102
'
-
11
15%
ICO
500
112.%
*10%
J-
——-
Chain &
Am
-
2% *
*7%
5 Va.
*111 Va
15%
*2%
'1,%
900
5%
112%
.111%
11
8 Va
;
2,100
111
15
112
71%/
23%
23%
—
Car
American
7,900
100
1
25
;
Radio Corp
Can
Preferred
290
36%
71%
•
/'"
.
*110
10%
*101
173
—No par
preferred
conv
American
Corp
Co
Shoe
Cable &
Amer
1,800
110%
10%
2%
25%
111
;
23%
23%
5%%
110
;
13,400
35%
70%
70 V2
*110
15%
*7
4%
35%
14%-
*2%
*25%
35%
10%
48%
*48%
50
49
Y,
172%
23 %
/
172
171%
:
: 7:
8%
Y. 84
84%
Bosch
Brake
Am
80U
.
.
84%
£'8%
8%
8%
84
132
*131
132
*131
,
64
2% July 22
47
Jan 5
4'/a Jan
4
27% Jan 7 2
12778 Jan 4
3% Jan 20
71 Va Jan 2
7 168
Nov 30
24% Jan 6
59% Nov 29
18% Jan V 5
107
Nov 1
v7 96
Feb 4
50
1
i
Jan
2
Dec
43 %
52
Jan 27
8% Jan
5
10
Note—
preferred
American
6,200
8%
38%
23
10
Inc
18
July ,10
23% Sep 21
$ per share
Apr
97
Jan 14
x6'7
Agricultural Chemical-No par
6%
160
,7" •
■
7.7
8 %
*111%' 112%
114%"
113%
18
61
*37%
36%
70%
*110
102
*101
115%
Bank
10%
14%
'
American
17%
60 %
:>
18
14%
*10
10%
14%
3,600
60 %
60%'
61
V
8%
172
70
112
112
i
Airlines
38%
Y. 23%
111
*109
V
111
*10.9
3,000
American
60%
8%
35%
35%
Amer
8%
84%
:;•
170%
172%;/
I,100
17%
,y
132
84
84
84
30%
38%
8%
8% '
8%
Y
132
132
132
132
*130
30%
8%
*38
37%
2.700
38%
8%
9
8%
37%
7%
86%'
.
60%
60.%
39
:
86
30%
'
60
18%
60%
17%
30
*28
86
30%
83%
2Va
2Va
No par
Alpha Portland
No par
Amalgam Leather Co Inc-,
__1
6%conv preferred
50
Amerada Petroleum Corp—No par
Highest
S per share
4
I6V2 Sep
6% Jan 2
73% Jan 7
26 Va Jan
7
17% Jan 7
% Jan 13
13 Va Jan 20
100
Mfg
Allls-Chalmers
$ per share
t per share
No par
Corp
preferred
5%
30
*27 Va
30
*27%
18%'
18%
•
2Va
2%
•
28%
*27'A
29%
59 %
18%
Stores
Allied
16
15%
-
Year 191:;
Lowest
Highest
Lowest
Par
*96 %
97%
Year 1943
Range for
-
EXCHANGE
#
Shares
$ per share
share
$ per
' 15%
*96 %
■
the Week
Jan. (»
STOCK
NEW YORK
Sales for
Jan. 7
39 Va
15%
*96%
15%
15
15%
15
Friday
Thursday
share
$ per
share
$ per
v
per share
$
t per share
SALE PRICES
Wednesday
Jan. 5
AND HIGH
LOW
Saturday
68
7
16
4
Oct
14%
13% May 29
6%
28
46%
57
14
9
Sep
123
Jun
Dec
31
9% Aug
4
7
Jan
Apr
51
Dec
May
70
Jan
111-
24
16
109% Feb
Sep
43
68% July 14
12
7
21
Apr
99% July
13
113% Sep
Mar
Oct
May
7
•
116
Jan
9V8
Apr
1%
Y
Apr
Y
Jan
3% Dec
•
85% Aug
15%
2%
Jun
9%
Jun
2%
Jun
4 %
Jun
4
Apr
22
Jan
31
Apr
8
31
7
14% Apr
6
12% Apr 29
63 % Dec 17
9
4
6% Apr
5
Dec
4 Va
Jan
b
19%
9%
20
*9 >8
9%.:
9%
10
20 V4
6
10%
10%
10%
1074
9%
9%
9Va
9%
9%
61%
61%
60%
61
*60%
25
25
24%
25
12%.
12%
12%
12%
61
61
60
60%
24%
25V4
24%
25
*11%
12
12
12
12%
*45
46
45
*44%
17
17
15%
15%
♦25
9%
"
45
-
12%
45
*44%
17%
17
17%
16%
17Vi
15%
16
15%
16
15%
*25%
26
*31%
33
109
*1071%
26%
*25%
26%
*25
33
*31
33
*31
32%.
*107
109
107
107
*107
11%
11
11%
11
31%
*29
31%
*30
*110
115 %
*111
109
11%
32
115 Va
*107
11
*30
*112
11
,
Barker Brothers
100
5.300
-
4,500
preferred
5%%
Oil
Barnsdall
Bath
Iron
Co
.5% Jan
2
/
50
No par
*_i
J.50
•
..—5 '
—
...1
Works Corp
Inc—No
"26
31%
100
—.——25
$4.25 preferred.
—No par
Beech Aircraft Cprp——
1
10%
'32 t
*30
115 V8
*113
20
109
11 Va
3,000
,
"
10%
*10%
10 %
10%
1074
*10%
10%
11%
11%
11%
11%
11 Va
1174
12%
13%
34
34
34%
34%
34%
35%
34%
'357 a
34%
35
500
16,900
Creek
RR—
Packing Col
Belding-Hemingway—
4,500
Bell
Aircraft
Bendix
par
Creamery
Beech-Nut
115 Va
10%
Beatrice
Beech
32
Cigars
Corp.—
Aviation..
6
34%
12,
5%,
30
12%
13%
100
10
preferred
Asphalt Corp
1,200
2
31%
.
11%
8%
Conv
Jan
20 Va Dec
2
2
-100
-
Arooistook—
&
Bangor
Barber
3% Jan
Bayuk
10Va
127.
preferred
10% Jan
200
10 Va
For fo'otnotes see page
4%
13
100
Ohio—.
26
II1/4
&
90
&
Baltimore
2,000
15%
*31
115 Va
.
,
45
17%
15%
*25V4
*110
*44%
17%
15%
26
11
45
17
"
*30V4
700
611/4
25%
,
•
10
6
9
Jan 13
Jan 4
Jan
14
15% Sep 21
47
Sep 20
19 % July 19
28 % July
Feb
Jan
Jan
;
2
7
23% Jan 7
24% Jan 16
105% Dec 22
7% Nov 30
50
Jan 25
9% Dec 3
9% Nov 29
33
Nov 8
20% Mar 22
x29
.
.No par
—■u_l—5
"
May 27
33% July 24
Sep
14% Sep
33 Va
114
93
,
'
xllO
25% Jan 25
.——20
Apr
July
Aug
11% July
9
24
13
28
1
14% Jan
4Va
■6% Mar
Jan
7%-Jan
-
-
6%
Jan
36
Dec
13%
Dec
Apr
-'6% Nov
24% Aug
33% Dec
12% Dec
4%
8%
12 Va
Jan
Jun
15%: Apr
20
23%
Apr
Jun
64
Apr
6% May
•18
Va Jan
X23 %
Nov
26
Oct
30
Feb
110% Jan
9V8
Dec
20% Mar 16
.
9% May
17%
Nov
6
28 Va May
397/a
Jan
39% Apr
Volume
159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4245
LOW AND HIGH SALE
PRICES
STOCKS
Range for Previous
'
Saturday
Monday
Jan. 1
$ per share
•/
f per share
11 Vo
Jan. 4
..
V
S per share
17 %
*55
57
35
35
15%
15%
$
17%
17%
*55
,
*34%
'■
15%
56%
56%
56%
*115%
118
38%.
16MB
16%
7%
"••'/ 8
16%
16
*14%
*91
94%
14
14Va
*44%
92
*45%
116%
116%
39%
39%
39 '/a -'39%
16%
17
17%
17%
17 y8;; 17%
8%
8%
8%
*15%
16%
15
15%
15%
*15
*91%
94%
94"%
94%
14%
14%
14%
14%:
47%
94%
'
14%
:
46
47
92
*90
46%
47
47%
48%
34%
34%
341%
34
29
29
34%
35
3%
*3%
•>
28%
29%
29
,'34%
35%
35
/
3%
3%
3%
38%
*38
38%
38%
12%
13
14%
14
14%
43
*40%
9
40
40%
%
43
*40%
43
9%
9%
9 y4
9%
28%
273%
273/4
*40
41
^
:/•"
*40 3/a
42
41
\.,;
%
*40 3/a
42
42
*41
%V
42
%
"
5,600
*
1
1
W>:
*14%
15
>38%
41%
*17
17%*
8%
•-':
1
--15
:/;•■•/
41%
17%
42
100
42
.
400
%
4,600
I .:/•
8,500
15
15
15%
143/4
143/4
41%
*3974
41%
*393/4
17%
17%
*17%
17%
8 3,4
8 3/4
8%
■'•'
118
,
874
8%
116/ 117
874/
118
.
6
6
*96
100
*97
100
98%
48
48
4874
48%'/;
./•/;--
6%
:7A
67b
6
6 Vs
6
77b
7%
*1674
1774
17
18%
18%
18
3274
106%
6
98%
99
49%
49 %
V 49%
;■
,
7,500
54%
'"
33%
33
2874
28%
33%
/•
287b
2874
109
*106%
12%
I
A
120
3,300
•
.
100
.
33
>
,
12%. .13
67%
67%22
21%
3%
473/4
4774
9%
50
13% -13%
.
13%
76
2174
76%
,
*
77
3%
-13%
77
22%
2174
5
251
July 15
8
Dec
:
8% Nov
8
4
Jan
16
July 14
26
37% Jan
7
44% May 21
30
ft Jan 13
% Oct 27
ft Mar "2
22
22
par
No par
7%
12
20%
Sep
Apr
5
7%
Jun
9%
Nov
7
1574
Jan
21%
Nov
Jan
35 74
Nov
Apr
43
Jan
174 Mar
28% July
9% Apr
104 Va Jan
12
*10374 Mar
3
Jan
76% Jan
2
8
118% July 27
9% May 10
116% May 10
Nov 30
54% Aug 17
No
43
e% Nov 30
5
10% Apr,- 1
18% July 16
Nov
8
29 V4 Apr
24"% Jan
20% Jan
6
2
3172 Jun
7
May
1
109 74 Oct
No
par
,—1
100
—
105
Burroughs Adding Mach—No par
9V4Jan
4
Jan
6
,—100
1,100
Butte
•2,200
A
-
250
2,400
•
Copper "&
21'% Jan
Zinc—;
75
27a Jan
49
35
Jan
14%
Oct
874
>
Dec
Jan
112% Jan
274
Apr
374
Dec
47%
Jun
85 74
Dec
7%
Oct
-
5
5 7a
-
7
674
3
*0
Oct
16
18
~9%
Apr
Jan
4%
6
\
Deo
Oct
Feb
Nov
2474
Apr
Oct
674
Feb
27s
7
374
44
Sep
19%
1
2
25 Va
20%
Jan
27a
Oct
26% Nov
Sep
83 % Apr
Jan -9
15% Mar
25
Jan
4
May
-18 7k July
65 Va Nov'19
16
vV. 5% Sep
11% Sep
1674 May. ';
1974 May
14% May
10% July 15
2
-
1 9 Va Jarr
pur-\
Participating preferred—,—.,100
Byron Jackson Co—
No par
6
May
29 % Nov
20% Jan .2
_5
'.
Byers-'Co- (A M) ————No
•6 3/8
6
10
,30
15% Jun
6
5V4 Jan
preferred—100
:
preferred—,
conv
41
5
35V* July 19
4
2% Jan
1
—:
7
•
26
Bulova Watch
i
7
5
14'A Jan
par
——1
preferred
74 Jan
1% Jan
10% Nov
Apr '
Apr '
20% July 10
10% May 6
Wheel
6%
1
1
No par
—100
preferred
,3174 Nov
ft Apr
42VWuly23
Burlington Mills Corp__
70
May
18% Jun
par
'——No par'
5Vo
.
44
*15
2
Buffalo
5%
Nov
12 */2
30 Va Jun
4
Mfg
preferred—
$5 preferred
Budd
45
8
(E G)
7%
7
Mar
5
preferred
Budd
:
1
25
13
Jan
'
6% Jan
-No
-
•
14% Nov
9% Jan
293/4 Jan
No par
*
Bush Term Bldg 7%
-
No
8
Jan
33
par
22
3
,—'—100
,
Butler Bros—;
22
No par
No
Bruns-Balke-Collender—
Bucyrus-Erie' Cvo_„
500
75%
Oct
16
Bush-Terminal
13%-A:
75'%
Dec
374
20% Jan
1
6% Apr
3874 Dec
7,900
,
Dec
28%
Briggs
2,020
3%
22%
1174 Nov
—5
Jan
Jun
28% Jan
—
Feb
40%
Jan
Bearing Co.!
—5
Braniff Airways Inc———
2.50
Brewing Corp. of America—
15
Bridgeport Brass Co—
No par
Briggs & Stratton
Bristol-MyerS Co
tBrooklyn & Queens Tr„
tBklyn-Manh Transit—,
Brooklyn Union Gas
Jan
9574
1V4
Oct
July.14
20
Dec
Dec
19%
30
par
43
Jan
39
No
2174
1774
2
Manufacturing.
'
137a May
18% Mar
9
3,100
«
15
13
2,900
.
35
2% Jan
RR
16
V
Jan
75
22% Jan
Corp
Maine
!i.Kv
v
12
58
17.
•«
:
Jan
Apr
July 24
38% Jan
(The)-.
1474
8
No par
Jan
Jan
Jun
1174
21
85
1,100
'
Jun
No par
No par'
•
2174
Co
&
'
A: 4 3 1/4
1374
/•
100
1
9%
283/4
*3%
Brass
283/4
9%
2874
374
19
7%
5
17
26% Jan
>v;A
:
53
•
'
123/4
13%
68% :•■ 72
2174
4%
54
*28%
•
123/4
'•>
41/a
;;' 9%
:;•
2874
26
Forge Co—
Bullard Co——;
;
3,000
.
28%
103
12%
,
474
54 '
47%
"
9%
*28%
■:•
374:";
3%
49%
9
2874
,
54
58
47%
9
*28
374
*54%
•
•
*107
1274
*4%
474'/
9% Jan
2,800
18 5/8 '18%
.
109
12%
12%
4%
49%
8%
->
*10674
109
127b
•7'v
47b
46
9
28%
•:• 3%
7%
33 74
33%
28%
par
Jan
Sep
July
13 7# May
25
May
72
May
30% Apr
19% July 14
Deo
1974
5
460
-
17%
j! 28%
33
54% / 56
47%
28%
73/4
*171/8
18%
1874
I?%
%'/«
•;/;/:/
54%
:•.'■• 9
774
18%
18%
'
44
'
;■
17%
•
*17'/a
18%
*106%
4
17% S
50
'
12%
4
774
774
•/
■//v *17
28%
-
109
12%
7%
17
3274
2974
•.:•,
•; 774
liytJun
Jan
Apr
15
4,600
7"
'
33%
29
7%
&
Brown Shoe Co
'
49
2
5
July
Apr
29
(assented)_100
600
6'/a
99
/. 99
1,000
*115%' 117 f
.
98%
48
47%
Borden
41%
1774
17%
/:•.
118
5%
:
it
15%
•/':•>
8%
*117
1 ,'•
*3974
17%
8%
;
118
•"
n
15%
>*39
8%
*116%
IS
6.% Jan
13% Jan
5
Inc—
Borg-Warner
73,600
•
18%
14%
6
par
No
class A
Stores
13%
27%
%
Bond
;'V 19,700
9%
40%
1934 Mar
Bower Roller
28%
41
4
5
Class B—,—_—
2,200
300
9%
%
*
-250
37%
28%
Jan
9
Boston
9%
667s
Nov
800
13%
4972 May
105
24
56% May 6
96% July 29
Co
4,300
14
*40%
43
16
Dec
13
Ami
10,600
13%
'■
Dec
4J% Jan
Bon
3%
37%
8%
2174 Mar 30
29%
39
Dec
29
35%
374
Jan
87a
69% Apr
6
121% July 20
40
No
2474
28
8
Jan
Sep
Apr
ll3*Nov
29
■■■•
1
54
Nov 30
110% Jan
4
54
17%
9
35
3%
Jun
5
1574 Nov
467a Mar
3
Jan
35%
28%
28
40
40%
.// %
*40%
43
8%
28%
39
V:
17
8'% Jan
t per share
974 May
27
76
Bohn Aluminum
30
48%
July
Boeing Airplane Co
500
34-%
Nov
38
Blumenthal & Co preferred——100
29'A
.
3%
38%
9
*
48 %
34
57
No par
Bloomingdale Brothers
9,300
92%
34
29
27%
47
*91%
54% Feb 23
22% Jan
7
Highest
I per share
17% Sep 20
27% Jan
Bliss & Laughlin Inc—
10
V
;
100
100
*■
S per share
No par
Co—
Lowest
13% Mar 17
par
No par
200
14%
47
92%
(Del)
preferred
Blaw-Knox
3,500
98
14%.
47%
92
M'
—No
Bigelow-Sanf Carp Inc.,
Black & Decker Mfg Co
2,000
16%
*92
•
46%
34%
*40%
*47
92
>
P.%,
15%
7%
600
*
Loan
Pr pfd $2.50 div series '38~.No par
<fe Co——
No par
Foods —
;
1
1,500
16%
33%
3%
V
8 3/a
16%
Bethlehem Steel
117
*16
46%
■
28%
12%
1163/4
8%
16%
34%
*38
117
*15%
46
33%
:
58%
58
-
39%
*90
4714
33%
59
58%
Indus
Year 1943
Highest
$ per share
Best
8,900
15%, ,15%
58%' 583/4
Por
Best
4,400
*35%-: 36%
15%
8%
14
45%
*90
36%
15%
117
*
Beneficial
,
35%
16
Range for Year 1943
Lowest(
;
1,100
57
35%
16
*91
;■
*55
ST
2,300
39%
c
14%
14%
57
STOCK
EXCHANGE
Shares
18
17
*16%
7%
*55
57
17%
39%
39%
*15Va
17%
NEW YORK
the Week
per' share
$
15%
58
115%
38
share
17%
"
Jan.7.
35%
15%
115%
17%
*55
57
35%
$ per
per share
Sales for
Friday
Jan. 6
Jan. 5
,V
17
/
Thursday
Wednesday
Tuesday
Jan. 3
Feb
21% July
37b Jan
674 Mar
*
10%
Nov
697«
Dec
95
Jan
10
May 20
Jan
17
Deo
'
24%
25
*53%
2474
11
6%
25%
2574
25%
V 25%
25%
*53%
54%
VI
54%
*53'/a
5474
*53%
5474
*53%
n
74
U
Vi
11
'
6%
6%
15%
15%
15%
25
■;:•
25
*33%
874
*43
\
*7
874"
43%
?•'
7%
"*4374
44
•
/■:
25%
26%
*33 Vz
3574
25
1
97
*2874
29%
>
29
*4
4 74
874
874
44%
*43'/a
*7%,
3674
37%
*145%
i?
.
•./:■
*7%
44
/ 44
:
2,400
25 y4
25%
3334
•
■
46
46
46
36%
36
1,200
4,600
99
12,300
300
Cannon
Mills
Capital
Administration
474
36%
99
390
283/4
500
Carpenter
600
Carriers & General
2874
38%
37%
146
38
373/4
37%
>
150
*146
474'
*474
:
*146
150
/
v
46
45%
45
37%
37%
45%
*113
114
114
114
114
114
114
115
.V 7.600
24%
7%
*107
*17
23
;/
11%"
11%
11%
3,900
17%
17%
171/4
17%
360
19%
19%
19 %
•19%
19%
201/4
2,800
2 3/4
2%
800
Central
'107 s/8
108%
240
9%
e%
10%
2,500
24%
24"%
24%
25 •;;.«/
*6%
7%
*61/2
7%
7%
*6%
115
59%
115
59%
37%
"•*17
23
18
'?
108
34%
;•••
<
'
*17%
23%
>23
>108%
28
45
44%
5%
6%
7%
115
115
16%
16%
*38
'
16%
39'
*47
48%
*13
14
*15
15%
1%
1%
*25%
80%
14%
5%
61%
60%
18
*17%
23%
29%
12%
12%
12%
40%
28%
1,000
:
45%
8,300
Chesapeake & Ohio Ry—
65/b
6 3/4
3,100
Chic
127/a
13%
4%
4%
4%
4,600
18%
18%
18%
16%
3,500
17%
> 17%
17%
16%
17%
17 3/a
181/4
3,800
17
17%
1,500
383/4
383A
300
39%
*13%
*15%
14%
15%
1%
1%
*1%
26%
26%
80%
81%
14%
14%
104%
64
*142
*74
*39%
14 3/a
200
300
Chickasha
1%
*1%
1%
500
tChilds
40%
78
115
*39%
28
*27
27%
30
81
81%
9,400
14%
15
15
1,400
104%
104%
62%
623/4
*6%
,
104%
62 »/4
148
63%
1,310
6%
300
36%
600
148
79
*74
114
114
148
*114
40%
40
40%
*107
108%
*107
108%
*92
92%
*92
92%
55
*53
55
*53
55
90
*6 3/a
37
*74%
104%
36%
6%
*35%
92%
*53
30
81%
*143
148
*74
,Av
48
14%
•
7
*471/2
8i%
64%
36%
17%
39
47;
*27
r
:
79
*
10
10
114%
42%
*40'A
180
300
,,"*107
108%
*92
92%
-
*53
r
r
55
..
Chile
Cotton
C.
14
2
32% Jan
8
16% Nov 29
C.
,
Jun
2%
Jan
1674 Dec 31
474
Jan
par
15J4 Jan
par
36% Nov 24
par
48
par
11% Jan 12
13% Jan
4
6
1
par
100
5
Dec
7
123
Mar 17
67
Feb
2
109% Jan
4
28% Jan 22
Co-,—100
—100
No par
Clev Graph Bronze Co (The)——1
5% preferred-,
,100
Clev & Pitts RR Co 7% gtd
50
$4.50 pfd,
stock
Mqlybdenum—
22
88
Jan
61
Dec 28
64
63%
24
*106%
27
27
27
27
27
*111
114
*111
114
*111
*15
16
11%
11%
12%
*11%
12
*26%
26
For footnotes
see
-
-63%
62%
233/4
107%
27%
23%
107
27%
27%
62%
250
23%
3,200
107
20
Class
—_—No
A
Colgate-Palmolive-Peet
$4.25 preferred—
.
Collins & Aikman-
16%
16
16%
16%
17
1,300
12%
13%
13%
14%
13%
143/8
1,110
JColorado & Southern—
127/a
14%
14%
15
14
14%
1,580
4%
non-cum
12%
13
13%
14
14%
100
4%
non-cum
*111
*14
114
14%
*111
„
27 3/a
114
5%
conv
26%
26%
26%
27%
27
27%
27%
273%
3,900
Columbia Br'd
25%
26%
26%
26%
26%
26%
261%
263/4
1,100
Class B—
127.
T
No par
1774 Jan
4
108
Jan
7
13% Nov, 8
preferred
——100
Corp__
No par
1st
2V4 Jan
—100
Aug
17%
Apr
393/4 Jan
July
18
Jun
3% May
2
153
123
68'A
25
10974
28%
July 14
Oct 18
Dec
8
July 17
July 15
114% Oct
6
19% July 14
19
Sep 25
15% Jan/ 6
2.50
15 J% Jan
2674 Dec 31
3V2 Jan
3
Jan
2
,
2
2
Jan
1174
Nov
Jun
1374
Feb
1
Dec
20
4
Sep 21
Jan
8%
10
32Va Apr
9
85% July 15
15% Aug 18
106
Sep 27
63J.4Dec 30
8% Jun 25
3974 July 7
145
Dec 11
74% Jun 7
116% Aug 10
427a Dec 27
Jan
52
1174
15% Apr 30
2.50
-
Jan
Sep
7% Nov
12
19.74 Sep 25
17% Sep 25.
26% Dec 31
preferred—100
2nd preferred—100
Sys Inc cl A
4
36% Jan 11
X103V2 Dec
6
Colo Fuel & Iron
114
26%
i
1,500
16%
26
page
par
12%
12%
par
*iNo par
12%
*12
*11%
27%
63
23%
*106%
16
15%.
*12%
63%
24
107%
(The)—
May 13
8% Nov
47
54
Sep 13
4874 Mar 30
40
July 20
No par
—
v
33
May 27
50
Feb
6
3374 Nov 18
33 7-4 Jan 12
-50
No par
7
•>
Deo
0
Apr
108 Vs Dec 29
92% Sep 29
84
2%
41% May 20
Jan 23
10 1 74 Jan
36% Jan
54
23
Dec
24% Jan 30
67% Jan
7
10V4 Jan 2
96% Jan
4
27
Feb 10
2% Jan 13
32 y8 Nov 30
No par
Special gtd 4%
Oct
1374
Coca-Cola
24%
•
Jun
142
106%
Oct
9%
Jun
.-100
64
Jan
18%
1%
100
>'
Oct
100% Nov
8 3/4
I 25
5
No par
-
Deo
Nov
19
Apr
574 Apr
2 74
274 Jan
*143
23%
Sep
14% Jun
93
13
Oct
Jan
32% Deo
•774 May 12
2
21% Jun
7% Jan
148
106%
15%
v
Jan
10% Jan
*143
24'%
2374
3%
Apr
Apr
No par
106
35
1% Apr
%
Climax
63%
104
Jan
Jan
3% Nov
27%
Cluett Peabody & Co_,,
Preferred
94
Apr
July
July 23
2,400
*105%
July
Dec
3%
18
974 May 11
1774 May 13
preferred
Co
6
8
50
2,700
600
19% Apr
2% Nov
110
Jan
82
72% Oct 29
2
2% Jan
36%
115%'
Jan
27
8
4
Apr
7% Jun
July 22
35%
*114
Deo
23%
*
Jun
274
Sep 21
41
34
351/2
115
115
333A Jan
——10
—
Dec
8%
Mar
1%
1
13
y,A 35%
114%
8V4 Nov
24
353/a
■
9774
1% May
Dec 30
109
36%
114
Deo
120% Jan
Aug"1
Apr
11
8
35
114
16
90
5
36
148
674
Aug 27
5
8 % Jan
.
C. & St. Louis Ry.
El Ilium
Apr
Deo
97%
Apr
77
29%
Apr
3% Mar 12
111
Jan
18
;
82
110
7
99% Jan
40
No
No
No
No
Copper Co
5 %
Clev
Mar 19
Jan
—No
Chrysler Corp__,_
City Ice & Fuel
6J/2% preferred
City Investing Co
City Stores
Clark Equipment
98
35%
114
Dec
42% Dec
July 16
7
148
*112%
130
50
5
Oil
Co.
25.
July 22
128% Sep 14
120% Sep .27
14% Apr
5
Jan
36%
64
15
40% Jun
108
3
35
113%
Jan
Apr
Apr
2
35%
'
Jan
37a NOV
30
Jan
35
113%
89
2874 Nov
117
25
35%
*143
Deo
274 May
lB Ys Jun
35
148
77
Feb
4% Nov
387b
2274 July
6
22
4
35%
*140
Dec
2
35%
148
31
37%
Feb
Apr
Apr
54% July 19
Jan 12
3
35
*143
13A
32
Deo
Aug
7% Nov
3% Jan
29% May
39% Dec 20
147
23% Jun
34%
-
5% Apr
12
34%
-
33
21
Jan
5%
153/4
/
2
3
:
—
153/4
104%
*114
109
*92
■•
*143
78
114%
*107
55
7
36%
148
114%
92%
62
6%
36%
A—
*13%
14%
*104
65
6%
82%
1574
Dec
Mar 31
174$ Jan
Chicago Great West RR Co__-—50
1%
.
Apr
38
11% May 7
47% July 2f
9% Apr
6
/ 46 y4 July 22
97% Jan
,
No par
Co
14%
47
28
81%
14%
104%
36%
40 J/2
28
(i
RR
,15%
1%
/;
Class
East 111
*13%
16%
*38%
13%
&
"15%
17%
15%
—
preferred
Chicago Mail Order Co.
Chicago Pneumat Tool
$3 conv preferred
Pr pf ($2.50) cum div
Chicago Yellow Cab
39%
97s
2774
277'4 Dec 16
16% Jan
No par
100
—5
25
Champion Pap & Fib Co
6,400
4%
18%
15%
109
*53
45
1
8V4 Jan
No par
*27%
6%
17
Nov
16% Nov
16% Nov 26
100
preferred
Checker Cab Mfg
4%
76
*92
96 7a Feb
x33
67* prior preferred—
6%
4
1
Chain Belt Co
20
7
26
Jan
No par
Products-
45'/4
6%
13
115%
26% Jan
—100
—
3,300
18%
39
7%
Jan
13
24%
:
109
4%
150
*107
18
23%
28%
44%
48%
6%
Preferred
Nov 30
95% Jan
119
—100
Cerro de Pasco Copper-^
Certain-teed
650
*17%
6%
*47
64
40
No par
160
60 '/a
*108%
12%
17
Jun
11%
97% Dec
16
Foundry Co—
1
Lt 4%% preferred—100
tCent.RR of New Jersey
Central Violeta Sugar Co
1,700
18%
39
5 3/i
7
31% May 29 '
21
—No par
7,300
5%
4%
*16%
36
76
18
23%
45%
14%
115
*28
Jan
7
9% Apr
19% Apr
7
327a Dec
100
-100
35
5%
60 'A
61
6%
48%
6%
preferred
Century Ribbon Mills—
18 %
.,*47
105
prior
118
34%:
..••,
109
*108%
81%
*141
23%
109
26%
63
*115
35%
5%
45
v"
12%
4%
16%
36,
115
34%
5%
3,100
18
4%
18
*104
•
3574
28%
6%
11%
5
59%
v
108
27%
*
2%
108
•
25
Nov
174
8
12772 Jan
Central 111
9%
2474
Dec
537b
Jun
8
—100
,
No par
2%
25
22%
Apr
74
1
3 7a Jan
—25
-
Central Aguirre Assoc
*107%
24%
Jan
50 34
Mar 27
1 % Mat
25 y4 Jan
-—,20
274
4%
12V4
Jan
Corp.
108%
4%
4%
x85
1
Corp,
preferred
9% S 93/4
44%
11%
5%
274
23%
*17%
V
Celotex
108%
5%
//
11%
17%
9
44%
H"
1174
17%
37
28
Ry—100
:
5
Ohio
Co—
Co new
series
2%
108%
28
I)
108%
115
18
U
108%
25
7% prior preferred
7 % 2d preferred—
90
11%
60
59%
<J
5%
10
140
17%
36%
4%
4%
-:
11%
*6%
112
36
&
Steel
Preferred
9
•
16%
56
•••••
3 08 %
24%
*6%
104
Case
20
19%
2% fe
2
Jan
No par
100
113%
9%
4% Jan
40
Celanese Corp of Amer
124%
2%
A—1
a
—,-10
4,200
1241/4
108%
21
38
124
••
par
36'A Jan
104
123%
*9%
9
37%
104
124%
*2%
23
*103%
37%
*103%
123 74
108
13
No par
124%
*17%
Clinch
13 7
Jail
Caterpillar Tractor-
104
,,*19
class
$3 preferred A
Carolina
Xl334 NOV 30
6% Feb
33,00
*124
11%
17 :
17 %
19% •'19%
15
307/2 July 13
'
297'a Jan
453/4
104
11%
No
100
124
;
Ry
170
124
11
Pacific
8
*103
113
2
.
'
146
*103%
Canadian
44
28%
474
36%
7
24
% Jan
67'e Dec
50"
25
50
9%
X99
98%
28%
38%
104
2 2 % Jan
523/4 Jun
par
——1
Calumet & Hecla Cons Copper
5
Campbell W & C Fdy
—No par
Canada Dry Ginger Ale
—5
Canada Southern Ry Co—"L—100
44
■V
4%
4574
No
—.—1
Zinc-Lead
43%
43 %
/./:•• *774
8
98%
4%
46
Packing
preferred
Callahan
333/4
•'
874
'
7,200
'•".-V'-' y
36%
California
6%
•2,000
6%
153/4
44
2974
;•
150
674
•'
,
'44% ;••>■': ...'••?
98%
38%
*146
ie-
'VV;; 1574
874 :■/
*2874
V
4
37
148
8
44
:
29%
-
4
3574;/
83/4
••'
98
*
'26%
*33%
*43 y4
43%
97%
253/a
543/8
-
~
7%
43%
97%
25 74
674
li? 74
43%
/:• 7%
•
674
1574
3574'
8%
43%
674
1574
247/a.r
*33%
-
•
6%
"1574
15 %v
2474
3574
874
674
•
May
2% Feb
25
Jan
4374
/■■■.
■'
Jan
9
Jan
May
,99
Oct
I34
Apr
3
Jun
92
32
2
74
28
Mar
Jun
120
Dec
67%
Apr
107%
Jun
22
May
953/4 May
70%
Dec
1074 Aug
Aug
3974 Nbv
125
Dec
72
Mar
112% Nov
31%
102
Dec
Deo
77% May
84% Mar
47
50
May
3274 Apr
2574 Apr
139
44
36%
Jan
Jan
Jan
Jan
149
Nov
56% Mar
92
NOV
55% Jan
11% Mar
97 Va
Apr
10% May
90
May
13% May
% Apr
1
May
7a July
6374
Jan
1774
Nov
107 Va
Deo
1874
108
1874
Oct
Deo
Jan
4%
Sep
5% Sep
5
Sep
8%
Apr
16%
Dec
8%
Apr
16%
r**
RECORD
NEW YORK STOCK
AND HIGH
Tuesday
LOW
Monday
Saturday
$
$ per sliart
S per
-
76
76%
76
72
72 %
72
72
37%
42%
14%
'
72%
17%
500
40 y2
17%
17%
17%
40%
40%
38%
*40
38%
39%
38%
38%
38%
42%
42%
43%
43%
43%
43%
14%
14%
14%
15%
14%
15%
14%
n'
%
% c;:
79%
80
83
82%
83%
81%
24%
25%
25%
25%
25%
25%
9%
9%
22%
22%
21
21
106
'
*105%
'
'
23
22%
..
107 ,r,-
21
107
3%
3%
3%
■;
v- 3%
..
22%
22%
22%
103%
103%
10
Dec
30% Jan 11
25% Jan 14
104% Jan 19
29% Jan 15
9% Jan
2
a* Jan
2
36% Jan
2
——No par
Consol
25%
17,100
11%
11%
11%
11%
12%
11%
12%
11%
11%
11,400
Consolidated Vultee
11%
18%
19
19%
19%
19%
19%
20
19%
20
2,100
*12
12%
12%
13%
13%
13%
13%
13%
13%
14%
7,400
Aircraft——1
10
Consol RR of Cuba 6% pfd—100
16%
16 Ve
16%
16%
16%
*16%
16%
16
16
1,800
Consolidation Coal Co
16
17%
17%
7%
7%
26%
24%
j.\
——
17%
17%
17%
8%
8%
8%
8%
107%
*106
V 21%
•
8%
8%
'
102%
22 1
102%
20%
i.--:' Y
tjt
108%
34%
3,200
--
12%
12
12%
11%
11%
2,300
45%
45%
45%',
45
25
25%
"25%.
•
45%
5%
5%
5%
5%
10,400
31%
31%
31%
31%
9,000
26
25%
26
*25%
26%
*25
":
10%
10%
50%
49
"11%
11%
*49
12
50
49
v,
11%
,Y.
*49
19
19%
18%
46
45%
45%
45%
45%
45
55%
55%
56%
57
57
,57%
*174%
175%
16%
18%
5
5%
5%
,
175%
5%
•
5
•
20
18%
45%
-
.
19 %
19%
...
105%
i:yy;y
440
-1-19% .19%
«
1,900
2
2
19% .,.19%
V
21%
21%
21%
,
21%
21%
17%
17%
19
18%
18%
28%
28%
*28%
28%
28%
28%
29
29%
45%
*45%
45%
45%
45%
45%
45%
16%
17
16%
16%
4,200
17%
'
•
i6
*98%
*27%
68%
20%
12%
*113
•105
*22%
*22%
*99%
22
12%
12%
107
23
23
101
101
104
1
6%
23%
24
22%
*100%
^*101%
103
1
6%
6%
6%
112% '113
112%
45%
46
6%
6
■■
16%
16%
16%
16%
1: *23%
227/b
6%
■
t
%
24%
23%
114
.*
46%
46%-
6
6%
16%
16%
6,000
■'
103 J
Cuneo
115
•"
46%
preferred
-i —i—.
Prior preferred-—
16%
Curtiss-Wright
21,400
8,100
*112
117
*112
117
*112
150
*130
150
*130
Class
150 '
22%
22%
6%
*22%
22%
6%
22%
22
21%
6%
1
pfd——100
——
——
———No par
600
y
—No par
Cutler-Hammer Inc
1,300
6"%
A-
preferied
$8
22%
-
—
Cushman's Sons Inc 7%
20
117
*130
No par
No pur—1
9
Jan
Jan
3
t Oct
8%
Jan
9
;
Nov
May
96%
Jan
16%
5
Dec
Apr
103%
Jan
Apr
28%
Dec
Sep
8%
Jan
Apr
'2%
Dec
4%
Nov
17
Ap*
27%
Dec
50%
Apr
21% Nov
8%
Apr
12%
Jan
Mar
51%
Jan
2% Ma>
Jan
8
2
116
Dec 27
45% Sep 17
9% Apr 8
24% Mar 29
119% Nov 8
140% Oct 28
26% Jun 29
Dec
58
Dec
179
Apr
42%
159
Oct
3% Nov
2% May
51 Apr
.
%
Nov
10%
Apr
14%
Dec
85
..
.
Jun
98% Noy
Jan
16%
Dec
9%
Dec
■„
12%
6% May
"
14% May
20%
Nov
32
Mar
41
Jan
10
Apr
12%
May
23% May
88%
Jan
39%
Nov
Nov
77
,
Sep
Jun
84
8%
Jun
13% Jan
5
Jun
9
88
Jun
140
?
Jun
74Va
Jan
95%
Dec
8% May
13%
Mar
19%
63
25% Oct 26
1% Jan
3?%
Apr
Apr
23%
May 21
Sep 2
26% Jun 10
107
Oct 19
7% May 10
Oct
Apr
45
8
14% Nov 30
§6 Feb 26
84
Feb 10
15% Jan
4
Jan
57/s
Aug 20
Apr 7
4
-
Jan
% Nov
30%
i;
5
Aug 24
Apr
Jan
.
Nov
94
21%
4
28
20
6
15
2
30% Jan 2
17
Jan 2
' 5% Dec 10
—No par
(The)
16%
Apr
77
100
.-100
i
preferred
Apr
Jun
2%
10% Jan
.
Jan
11% July
18
.
5
—
—
$7
2,800
6%
Inc_
Curtis Pub Co
33,900
■M?
440
30
Packing Co
Press
4%
ioo
■
'f-
5% %
Cudahy
600
i
'
6%
-
Nov 30
9% Jan
7
7% Jan
9
' 105
Feb
1
.92% Mar 20
Dec
Feb
7%
Apr
82
31
Oct 27
47
Oct 2
17
Oct 26
99% Aug. 6
38
July 15
82% July 20
22% Aug 11
14% Jun 11
115% Dec 14
106'AJun 10
14
Dec
12%
4%
23% July 27
x66
100
—100
Sugar— ———10
preferred —,——100
conv- preferred.
100
7%
.
24%
150
*130
22
107
117
*112
150;
*105
103
6%
6
16%
16%
107
6
44%
5%
*103%
————
preferred
6%■
KK
Cuban-American
118%
111
v
Cuba
22,300
13%
*114
■
preferred
5%
6,620
i
118%
45
110
44%
117
%
6%
6%
110
114 *
12%
12%
300
22%
No par
Jan
97%
A 3% July
6 May 17
2% May 22
6
4
2
27'A Dec
—
Amer_
oi
29
30
11
27
22% July 14.
5 i: 108% Aug 19.
4
23% Mar 12
37% Jan
11% Jan
81% Jan
"
-
Jan
3%
18%
1%
Jan 15
9
•
No par
Corp..;
..
23%
-
7
18% Jan 12
No par
$5 conv preferred
Crucible Steel
5,900
69%
'
-12
22%
*100'/a
'
21
*114
24%
22%
r
22%
12%
23%
22%
22%
23%
57/b
22
69"%
*69
21%
! 107
*103
23%
43%
*130
v
■•-7
118%
*113
'
107
*103
5%
16%
23%
12%
12%
,
118%
*113
118%
43%
115
69%
22
;:
yy
29%
29%
'
21%
20%
6
113
29%
69%
.69
69
■
29%
29%
28
28 %
*67
98%
29%
69%
987/b
29%
Jan
16% Jan
2
.-No par
5
No par
Zelierbach
Crown
,.,l 95
Jan
Sep
%
2
(The)
preferred-—-
$2.25
220
•
98%
98%
;•
98%
98%
98%
98%
99
17
16%
16%
16%
16%
18%
18%
14% Jan
100
preferred-.*--..——
Crosley Corp (The)Crown Cork & Seal
600
45
45%
25
——
Cream of Wheat Corp
2,500
A 600
45%
17%
Co-i.
"5% "tony
3,000
28%
16%
:
Coty
Crane
Jan
44%
-
110% Sep 24
2
2
Oct
Si
Apr
4
11%
78
'
Dec
10%
-
9% Aug
11% Jun
27/a Jan
U Jan
Nov
34
-
r 83
7
Jun
Jun
Sep
May
July
July
105%
12% Apr
x
23% Jun
1
1
:
"*
420"
*28
/.
Mar
Mar
Aug
Dec
Dec
1
Oct 25
7
2
107
6
7
5
—-
—
8,800
:
105 % 5
105%
21%
>
—100
>
Oct
.Oct
29%
-
17% Apr
1% Jun
47% Dec 27
6
Inc
Can
Inc
Internal Corp
Coty
2,200
39%
—,19%
•
105%
105
105%
105
20%
20%
70
5%
5%
2
2,400
177%
177%
■■
5%
1%
57
-
-
105%
20%
107
2%
*2
2%
2
19%.
56%
177%
*175%
175%
5%
:
175 ja v
175%
2
2
105%
21,500
'
5
:„.a9%
•y
60
Y;v
18%
45%
55%
15%
3,200
50
45
19
16%
45%
55 %
800
s.
11%
11%
11%
50
*49
:
Co__„„No par
21'/a
27%
16
18%
35
21 % July
';
19'A May 12
8
Sep 1
29% Oct 27
20
26% Jan
7 ; ^ 36%
"Continental Diamond Fibre—-—5
■; 7
Jan
2
15%
Continental Insurance
$2.50
40% Jan
7
^49%
Continental
Motors
1
4% Jan
8
7%
Continental Oil of Del
5
25% Jan
8
37%
Continental Steel Corp.
No par
18% Jan
2
27%
Copperweld Steel Co
5
x9% Jan
7 >15
Conv pref 5%
series
—50
45
Jan
6
53
Cornell-Dubilier Electric Corp—-1
13% Dec
3
17%
Corn Exch Bank Trust Co——-20 >: > 37
Jan
2
47
Corn Products Refining
25
53% Jan 20
61%
Preferred
<--—100
173
Dec
8 - 186%
Continental
2,100
5%
31%
49%
*10%
-i
5%
31%
•■■■?-?)
5% "'v
11
16 0
Jan
16
Jan
x4% Jan
96
Jan
20
-
-
18
29
29
89
par
of America
preferred—
Q%
300
34%
46
25
Continental Baking
*107%
45%
31%
5,000
34%
46
5%
8%
8
'
108%
-ri2
31%
Container Corp
34%
12
5%
1,400
*106%
11%
31%
380
21%
34%
11%
5%
102%
*21%
Nov
Nov
Nov
Jan
Jan
*
33% Jan 24
—:—-50
$4.50 pfd—-No
Pow
Consumers
24%
9'A
17%
4%
7
10
3% May 12
7% Jan 11
2% Feb 10
•
7% May
a#a Jun
July 24
105
'/a Jan 11
-
.
25
preferred
$2.50
400
v
102%
;
33%:;"!; ^34%
45%
.
46
v;
Preferred
'
8
107
107
+
33%
30%
21%
45%
:
107%
34
11%
•
:
'
7.
14
10
6% Apr
5
11%
20V4 Jan
243b July 15
5
-
ii,6oo
21%
103
102%
8%
;4'V 8%
33%
•
*45
45
45
9 V
~
8%
106%
:--i
>
400
17%
24%
25%
25
46
*44
45
103
20%
20%
8%
'
1,100
3
*2%
3
V'"*2%
26%
25
26
45
103
20%
■
„
17%
8%
103
45%
45%
17%
8%
7%
25%
■
17%
<
*17%
103
'■v.: 2%
".u:
•
preferredi
Consol' Film industries..:
•$5
2,400
•
3
2%
3
*2%
2%
•
20
1
24% Nov 23
109
Sep 2
7-
15% Jan
91% Jan
v
18%
103%
103%
3% Dec
>
No par
No par
«i-l
$2 partic preferred
No par
Consol Laundries Corp--——5
Consolidated Natural Gas wd——15
103%
103%
103%
103%
7
Jun* 5
25
-
24
Jan
16% Jan
91% Apr
July 20
Jun 12
27
11
2
6 ;
10'A Jan
90
Jan'
.-5
Corp
of N Y-.
Edison
■
Mar
5% Jan
July 9
Jun
Sep
Jun
16
July
1% May
82
Dec
-
»7
17% Jan
No par
100
preferred
prior
41
44
107%
<44%
< v
21% Jan
2
"• 2% Jan 13
—25
No par '
-
Consol Coppermines
6,000
103%
84%
No par
6%%
•
24,500
22%
103%
51
Congoleum-Nairn Inc
500
;
:':%•'
3%
3%
37/b
3%
4
23
22%
23
22%
22%"
-
*
'
Jan
98% July 15
19% July 14
79% Jan
, 9
Jan
Consolidated Cigar
-
1,700
21%
107
Jan
45%
13
7
Co
Edison
Conde Nast Pub Inc.
2,200
v
54
par
preferred
conv
Commonwealth
9,900
9%
30% Sep
29
Sep
-No par
10
100
$6 preferred series
5,800
23%
22%
*105%
-
3%
.
*21
■
107
*105%
l
77% Sep 28
73
Oct 18
——No par
Commercial Solvents
:
No par
Commonwealth & Southern—No par
v16,700
25%
9%
21
21
v
'
•
■
•
23%
23%
20%
*105%
21%
*20%
106
9
9
9%:
*87/b
"
22%
4%%
82%
25%
83
25
2
2
Comm'l Invest Trust
11,700
82%
79
22% -.22%
6,700
share
2% Nov
Sep
1
2
No
Credit-
Commercial
2
1% Jan
par
—
9,000
%
U
%
n
24%
9%
Pictures
Highest
I per
t per share
40% Jan
37
Jan,
—No
preferred
$2.75
•400
15
■
*8%
1,700
<-r.
43%
v4
3/-
Columbia
5% Jun
1943
-—IOO
100
Co
Carbon
Columbian
106%
*103
106%
*103
106%
*103
42%
"
»
$ per share
f per share
y
< r
No par
Elec
preferred series A
5% preferred—
6%
"
"
is
u
'
180
89
89
par
.
Columbia Gas &
2,400
73%
.
..
43,000
45
17%
17 %
■
•••;•
4%
77%
-4%
•
89%
40%
38
106%
37%
-
73
89%
40% '
*103
111%
42%
*106%
72%
17
40%
39'%
37%
39 ya
90
16%
16%
167/B
:
*'87%
88
88
..
77
4%
77%
91
72%
*88
Shares
*72
4%
77
76%
'
Range for Year 1943
Lowest
Highest
v
EXCHANGE
the Week
$ per share
share
76%
4%
4%
4%
76%
4 38
4%
$ per
t per share
share
4%
share
ver
Jan. 7
Jan. 6
Jan. 5
Jan. 4
Jan. 3
Jan. 1
STOCK
YORK
NEW
for
Sales
Friday
Thursday
Wednesday
Previous
Range for
Year
Lowest
STOCKS
PRICES
SALE
Monday, January 10, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
120
.
13;.
Jan
Jan
Sep
Dec
Feb
100
Jan
*13% May
2
Oct
32%
Nov
00
•
51
.
.
12
Jun
20%
Oct
5% May
9 %
Jan
18
Jun
25%
Jan
80
Jan
95
Oct
44
Jan
81
Nov
l2Vf Jun
18
Oct
D
'
6%
>
*6%
*20
14
;■
6%
6%
*20
24
14
'v
13%
6%.
*20
14%
24
*111%
24
.'
14%
..
24
*20
113
.
aJ,
*20
24
^
preferred
5%
————
Chemical
Davison
2,600
14%
Daytou Pow & Li 4% ft
*111%
112%
22%
21%
22
21%
22%
21%
22%
22%
22%
2,500
Decca
Records Inc
39
39'A
39
39%
39%
39%
39%
40
39%
39%
3,300
Deere
&
*
34%
34%
*33%
34%
*33%
34%
18
*17%
17%
17%
6%
6%
*33%
111
113
34%
'
112%:
17%
17%
*17%
17%
5%
6%
5%
19%
19%
*17%
;•>
18
"
V: 'i
17% '
6%
19%
50
*43
50
*28%
29%
*28%
29%
*31
31%
31%
31%
*38%
39%
*38%
18
39%
*43
,
29%
113
34
34
'
17%
100
Delsel-Wemmer-GJlbert
-
18%
19,600
tDelaware & Hudson—
—100
6%
6%
6%
15.100
Delaware
18%
7,300
18
32
*31%
Devoe &
31%
31%
400
Diamond
39%
100
13% '13%
13%
14
13%
13%
14
14%
13%
13%
29%
30
29%
29%
29%
29%
29%
29%
99%
99%
*98
99
99%
*98
15%
15%
*15
15%
*15%
*43%
33%
34
23%
h
44
23%
48%
106%
107
*11%
■:
107
28%
9
12%
*116%
139
*124%
120
122
125%
•116%
139
44%
34%
34 %
35
34%
35
23%
24%
24
■
'v
120
2,800
.
Distil
,
300
5 %
400
100
Dixie
15%
I?
35
Y
-
44%
35%
3,900
Doehler Die Casting Co
23%
24
8,900
Dome
6,500
129
1,000
Dow
107
107
1,700
12%
*116%
1
120
106%
106 %
29%
29%
29%
1,900
Dressei
*8%
9%
9
9%
1,000
Dunliill
12%
*11%
12%
12
*116%
122
125
120%
Y
-
140%
*123%
125 Y
120%"
*119
120%
20
*119
11%
11%
11%
11%
37%
36%
37
6%
7%
7%
7%
7%
7%
163
*161
163
181
181
181
181
4i
163
.
139%
125
37
*161
122
141%
11%
7%
*116%
140%
124 %
141%
125
*119
122
100
12
163
*162
*180%
182
182
'
7%.
\
3,200
Eagle-Picher Lead
1.200
e>aMeiu
7%
7%
5,100
Eastern
162%
193
300
163%
183
^
42%
40
1,900
41%
42%
42%
43
42%
42%
42%
18
18%
18
18
*18%
18%
*18%
18%
400
37%
37%
37%
38%
38%
38%
38%
38%
38%
3,500
10%
10%
10%
10%
10%
10%
10%
10%
10 %
10%
3.000
*3%
3%
3%
3%
3%
3%
3%
3%
*37/s
4%
39%
39%
40
57%
57%
*57
102%
102 %
102
8%
87
89
*93%
9%
87
89
94%
8%
90
footnotes see page 127.
No
preferred
Eaton Manufacturing Co
Edisoni Bros Stores Inc„
Electric
par
-100
—
4
—2
Auto-Lite
(The)——
5Electric Boatr——
-—3
Elec & Mils Ind Am shares
Electric Power &
—
Light—
-VA Jan
No par
5
4%
4%
4%
4%
4%
6,900
84%
86%
83%
85%
4,300
$7
84
82
82%
81
81
400
$6
40
40
40
39%
40
600
Electric
Storage
Battery—No par
33% Jan
2
400
El
Natural
Gas
3
23% Jan
7
•
29%
*29
30
*29
30
29
*56
58
*56%
58
58
58
9%
101%
9
A
102%
102%
8%
9%
88%
89
88%
101%
9
88%
-
200
102 %
430
9%
14,300
preferred
preferred
Paso
Endlcott
5%
ft
No par
preferred
Corp—
RO
new
——100
89
520
Public Service
$5 preferred
i
1.
Engineers
90
91
90%
91
550
$5% preferred-
95
95
94%
94%
120
$6
1,200
49 % Jan 0 5
101% Dec 27
Johnson
95
%
31 % Jan 20
28 % Jan 20
No par
!
90
89
*93%
95
102%
9%
88%
90
ft
For
Co
cbm
88%
29
89
*93%
5
Mills—^
86%
*39%
102%
88
6%
31% Jan
4
—
3,700
4
58
29%
30
Kodak
Eastman
9% Nov 30
13
3% Jan
2
146% Jan 20
xl73
Sep
2
35
Jan 19
11% Feb
8
30% Jan
4
' 8% Nov 30
l%Jan
4
—L_10
Co
Inc
Rolling
xl06% Dec 31
16
Jan
8
5'A Jan
5
9
Jan
4
11$
Jun 24
134
Jan
5
124
Dec
1
115% Dec
7
4%
>
84
30
Airlines
100
8
13
2
18
20
20
30
84
4%
87
40
1st pfd
Duquesne Light 5%
9.600
182
& Co__—20
No par
11%
163 %
100
—
(E I)
Nemours
preierred
36%
18
86%
de
11%
38
*83
P
$4.50
1
No par
*36%
42
.
Du
No par
No par
:
International
Duplan Corp
8<&
preferred—
500
*17%
4%
Mfg Co
Jan
Jan
Jan
Feb.
Feb
Jan
Nov
20
122'A Nbv 26
—No par
$4 preferred series A
107%
29%
par
No par
Cheime.pl Co
106%
141%
♦
125%
52%
9%
*11%
122
51%
29%
36%
84
No
Douglas Aircraft
129
52%
11%
87
No par
Mines Ltd
131
36%
4%
par
51
11%
87
par
No
131
9
1QO
No
52
36%
*82%
_
Co
131
29%
21%
83%
10
38%
22%
15'A
44
par
A—„
51
11
,
No
preferred—
Cup
Class
270
131
29%
8% Jan
2
4
Ltd—'
Corp-Seagr's
par
—25
Diamond T Motor Car Co
130% ;
36%
'
3,100
•
.
No
preferred—^
44%
24%
23%
31%
Match
partic
'
44%
140%
*124%
120
43%
9
*11%
139%
29%
No par
'
*15%
43%
i 51
•"<130%
9%
15%
'
6%
Raynoids A
107
49
29
*8%
-
23%
131
*28%
34
49
*130%
15%
44%
*43%
-
100
*98
15%
Y
20
Detroit Hillsdale & S W RR Co—100
520
*38%
31%
39
39
50
Lack & Western
Edison
Detroit
50
31 'v-
30
30%
29%
39%
18%
*43
50
*43
*31%
'
-
19%
18%
50
*39
100
20
,10
17%
17%
6%
1
Jan 11
Jan 12
29
Jan
5
12
Jan
2
8% Jan
2
3JAJan
2
16% Jan 12
40
Mar 1
17% Jan
7
26
Jan
6
37
Jan
6
10
26
par
Preferred
20O
3% Jan
5
> 17
Jan
9
12
Jan
2
108% Jan 20
1
No
-
17%
30
.
100
pid-;
—
Co—
17%
*17%
'
19%
19%
19%
*43
*111%
1
(The)-
Corp
22%
*111%
8
.25
Davega Stores Corp
:.r,
14%
14%
14%
14%
6%
preferred
tEquitable
No par
.1
.;
Office
,_No par
Bldg
No par
-No
par
.
Jan
57% Jan
62% Jan
4
7
4
5
% Jan
8
2% Jan
54
7% Oct
2%
Mar
15%
19
19
Jun
116
Jun
4%
July
17% Dec
Apr
Apr
25% May
20% May 19
30
1CL% May 10
22% July 14
Dec
-
12% Nov
18%
24% Sep
36% July
*
17%
Mar
102
43
Apr
Jan
Aug
8
Oct
Jan
110
10%
Dec
27%
Dec
30% Nov
9%
Apr
13%
7
Jan
11%
Oct
2% May
4%
Jan
18%
Jan
14%
Apr
Nov
30
37
Oct
37
Oct
35% July 12
14
Jan
21
Jan
33 % Mar -8
18
Apr
27%
Jan
33%
Apr
39% Aug
48% Apr
42 % Nov
17
35% Oct
100
15
May 10
Dec
26
31
9%
Feb
6% Aug
16% Mar
22%
Dec
70
87
Nov
Jan
-
9% Dec
16% July 15
7% July
45
July 12
32% May
29
Dec
34
Dec
16%
Apr
26
Dec
11
8
Apr
16% Dec
4
51
May
70%
Oct
May 28
107% Dec 29
95
Apr
134 %
Dec
25% Sep
73% May
22
153
35% Jun
1
10% Dec
17
13 V« Mar
2%
Apr
Jan
Feb
13% Apr
8
8
122% Oct
29
112
159% July 15
130
Aug 11
121% Sep
2
11% Dec
16%
Dec
Oct
7
10%
Nov
120
July
102% May
144
Jan
120
127
Nov
118%
Dec
Apr
111% Mar
17
44% July
8
8% May 28
34
Dec
16%
Apr
2%
Jan
4%
Apr
151 %
Dec
180
Nov
170
May 19
108
184
Jun
8
170
45% July 15
20
Mar
May
NOV
36% Dec
J an
11
Oct
15
2
20%
Jan
30% Dec
Mar 30
9%
Dec
13%
5% M»V 10
6% May 20
4
19
Sep
39% July
14
20
Jan
Feb
1% Nov
Jan
1%
Nov
Nov
19
17%
Apr
35 % Jan
88 % Nov
19
15
Apr
32% Jan
42% Sep
20
29
Jan
34 %
Nov
Sep
9
19%
Apr
26%
Feb
58% July 17
39%
Apr
49% Dec
1%
Apr
92
X32
103 % Dec
23
9% Sep 30
66
73
40
92% Sep 27
Dec 11
46
Sep
96
1% Mar
1
3%
Apr
July
47% Apr
27
92
A
Dec
L'J
.
Jan
Jan
Jan
Jan
% Oct
Voliime
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4245
LOW
$ per share
'
„
•'
U-i""
"
$ per share
*10
'
'
,
•■■'•■.: 9%
46%
*76 Va
■;
'';
.
10
9%
-w"''
■
82
7%
V".
10
9%
46%:. 47
'
Jan, 5
Va
-47%
82
7%
,
*76%
.
:
7%
'
V
$
10%
82
*76%
:
23
11%
11%
11%
21%
21%
22
22%
23
22%
23
*2%
3
*2%
3
*2%
3
.
*2%
'
3
33%
'
33%
33%
34%
34 Va
35
22%
23%
23%
23%
23%
23%
9%
10V4
10V4
11%
10 Va
9% ; .10
15%
♦100%
101%
v;'-:'
5 Va
22%
94
94
-
'101%
V
101%
>
5
'
—
■■
100%
100%
100
20%
1,000
18 V*
5%
Fairbanks Morse & Co..
18%
'
23
23
93
94
£3
>
18 Va
94%
Federal Motor Truck—
1,300
Federated Dept Stores—.
No
4%%
conv
preferred-.-.
'
1
•
"■v..;,
17
'
17'A
•
—'••>••'*48%
•
"'iXW:
105%
■"T~'v
105%
•
—
.
36
'
"
'■,
—
•
v
35%
17 Va
48 Va
49
40%
40
105%
106
105%
36
-
20
20
34%
>34%
24%
24%
26
35
1
;
48%
'
39%.
39%
'
'
35
800
Enamel Corp.
,
l
Fidel Phen Fire Ins N Y——$2.50
Firestone Tire & Rubber.—.——10
1,100
35
:
2,000
*34%
35 y4
series
A..
Jan
42
.
Jan
Deo
1% Jan
4% Apr
70
Dec
20
4%
U
Sep
7y«
Dec
28%
May
Oct
Jan
1% Noy
27% Apr
37% Jan
19
Jun
29%
*6
Jun
T%
69% Sep
19% Deo
93
Jan
24%
Jan
,8
Apr
13 %
Dec
3
1
19% July 13
105% July 27
29% Apr
5
18% Dec 24
Jan
Jan
Jun
4%
Feb
117a Apr
74% Nov
7% Apr
18 Va
Jan
87
Jan
50% Jun 28
29%
Apr
43 Va
Deo
43
July 15
13%
Jan
26%
Dec
112% July 12
87%
Apr
t) % Apr
6
25% July 14
98% Nov 22
19% Jun
8
$4.50
(The)—
25% Jan 14.
104% Jan" 6
5
1 ' 31% Jan
7
15% Jan
97% Jan 11
—100
National Stores—.—No
Flintkote Co
80
26
preferred
First
2,700
106%
*25%
^
6%
700
20
19%
106
100
Oct
44
.2
14%
Dec
•
36%
36%
.
108
Ferro
par
Oct
10
Jun
;
May 27
11% Nov
1
17
10%
Jan
70
,
"
5
Mar 26
42
;
3%
28
Feb 18
13
4
3% Jan
Jan
2
15
8
78% Jan
12% Jan 27
No par
4,200
r
.
105%- 106
'
19%
"*108
35
17%
48%
:
35%
:
19%
20%
111
*34%
■
.
106
35%
36
'
"
*107
,
240
*17%
: '
40 Va
110
19%
•♦105
34%
■
s
17%.
48%
40
-
105 %■
35%
19%
110
"
93%
93%
17%
17%
48%
'
40
*105%
•
'
17%
48%
x39%
36
19%
*105
'
*+-*■
-
•
—
■
,
Im.*,
17%
39%
—
,
48 Va
•
49%
39%
:
94:
94
,18% Deo
Federal-Mogul Corp——,.——5
3,200
•
■
3% July
I per share
V
32%
29% Mar 30
8"% Nov 29
6"% Jan, 2
Jan
7
86
$6 preferred————No par
2
4% Jun
4
4
52% May 19
78
ftov 24
9% Jun
8
14% Jun
30% Nov 30
Nov; 29
2f
20
Federal Mln & Smelt Co.——
700
"
5VB
5% ; '•
22% V 23 ■'.•,
5%
,
23%
.No par
4
5% Jan
20
Nov
8
% Jan 19
Highest
f per share
16% May
;
2
•
Farnsworth Televis'n & Rad Corp .l
Federal Light & Traction
—,-15
1,100
;
*20'/4
18%
5%,:
5%
15% '
Year 1942
Lowest
share,
16% May
18
3% Jan
.
Fajardo Sug Co of Pr Rico—
2,200
9
Jan
68 % Jan
Exchange Buffet Corp..
40,800
20%
22%
23
*22 V4
15%
;
•
IOIV4
20%
18
18
5Va
''
11%
9
8
$ per
39% Jan 12
.
v:v 1,900
24%
*
15 Va
101
20
20
18
*17»/a
5 Va
22%
.
•
35
11
8% Jan
—
Ctfs of benef Int.
5% pref series A
Erie & Pitts RR Co—
Eureka Vacuum Cleaner,
Evans Products Co
Ex-Cell-O Corp
1,900
'•.—■
.23%
•
11%
$ per share
•>,
Erie RR common
1,200
3
34%
23%
15%
15%
19%
19%
18
17%
••
"
'
101
101
;
■
•
20
*19%
15%
15 Va
*14%
15%
'
:■
ll%
23
*2%
35'.;
34%
22%.
'
—
—
y
'
82
"..,
7%
3,100
,
7%
11%
21%
:
'w-.
7%
11%
Range for Previous
Range for Year 1943
Highest
Lowest
; ' EXCHANGE
v; /
20,800
1,400
*76 %
82
11%
:
10%
48%
7%
.
'
c.-,
10%
-
1,700
11%
8
11%
Shares
48%
48%
7%
Sales for
the Week
10%
10
10%,
48%
%
STOCKSNEW YORK STOCK
,
,
S per share
10%
10
11%
,
' '' Jan. 7
:
share
per
'
■
Friday
Jan. G
49
10
10 Va
•
Thursday
:
1
10%
10%
10%
47
*76%
7%
•
$ per share
$ per share
10%
r:
PRICES.,
Wednesday
.
Jan. 4
Jan. 3
Jan. 1
AND HIGH SALE
Tuesday
Monday
Saturday
par
No
par
No
par
—..—No
par
preferred—
•
300
Florence Stove Co
400
Florsheim Shoe class A
25%
39 % Jun
"29%
16
22Va Jun
Apr
2
9%
July 29
86
36
Jun
10
15
Jun
11
18
9% July 15
Dec 23
109
7
NOV
39%
Jan
Feb
16%
Dec
96 Va
May
28
Jan
105
Jan
Mar
27%
Dec
21%
Feb
3
Apr
May
5%
Jan
28
Aug
36% Mar
'
-
6%
■
^:
7
■V
50
•
6%
■
50%
■
,
7%
7Va
:
.
49 Va
50
49%
6%
7Va
3,500
49%
7 Vb
50
49%
560
11%
12
12%
12%
12%
12%
55
53%
53%.
54%
54%
53%
53%
16%
17 Va
17%
17 Va
17
17
17
17
20 c
20
20
20
20
20
20%
20%
15 %
Follansbee
*11%:
11%
54
*53%
•
19% Jan
3% Jan
Steel
63
Food
3,200
12
*52 Va
No par
Corp.—;
10
preferred—
—100
30% Jan:
Food Fair Stores Ind————-'.19% Jan,
Feb
54
Jan>
19% May
21
May
5%
160
*11%
•
,
7
7%
26
*25%
26
26
50
49%
•
•
Vv
26
700
conv
13% July
'
••
•—
16%
16%
*19%
20
'
"
•
14%
14%
' •'
15 Va
14%
15%
14%
15
14'/a
14%
.
700
*61
70
—
109%
70
31
31%
30
29 Va
31%
109
30 Vb
30 Va
2,200
30%
>
Trailer
Fruehauf
2,100
.
*108%
109
2%
3
2,200
Gabriel Co
2%
3
2,300
13
28
28
.—1'
Co_<
Galr Co Inc
12%
109
:
32
32
Jan
Jan
Feb 16
Dec 30
17
Jan ; 2
96 % Jan 12
prior preferred
Francisco Sugar Co—..——No par
F'k'n Simon & Co Inc 7% pfd—100
Freeport Sulphur Co—
10
70
*61%
37%
30%
30%
109%'
*109
109%
70
*61%
31%
30
30
*109
.
:
70
*61%
30%
30%
103%
-
*61 Va
:
30%
■
39%
10%
16%
5%
50
29 %
10
10
25
...
Corp.....
6%
'
'-•?
Machinery Corp
Foster-Wheeler
2,600
20
5%
,
conv
preferred
——100
„
'
Dec
8% Sep
27%, Mar
7
27
9%
4
11%
42
Dec
Jan
14% Sep
1
12%
18%
Nov
5
Jun
10%
Sep 23
38
Oct
45
:38% July 10
31% Jun 10
27
.15% Dec 21
75
110
Jan
Apr
Apr
15 % Apr
85% Apr
Aug 23
Feb
May
38%
Jan
18
Jan
97
Nov
G
2% :. 2%
3
•;.■■
■
,'-2%
-13%
13%
27%
29
29
*28
13%
51V ":..■•
*9%
:
10%
:
13%
*50%
10%
10 Va
*10%
10%
; 10%
10%
*105 VB
107 Va
*105 Va
107 Vb
*105 Va
107 Va
*145
43%
44
*44
7- 8
147
*145
7
6%.
8
*145
>
8
147
6%
106
106
8 Va
8
26%
44%
44
,
8-
8'/a
147
77
44
V
7%
•7
7%
4%
4%
4%
47/a
12 %
12%
12T/b
*12%
81%
83
83%
83%
84
:84 V4
84%
*26
*145
.
27
41
41%
41 >
41%
117
2%
*128
130
,
52%
120%
102
102%-102%
i.
*128
■
52%
130
52%
:
36%
129
*37
38
4%
5 Va
5Vs
19%
20
20
6%
6%
*106
7
1%
7Va
108
*1%
*106
'V-,
128%
20 Va
.
20%
<
7%
1%
1%
190
7%
cum
Jan
6
Jan 11
Jan 12
5%
400
preferred—...—*^
General Motors Corp..—
21%
21%
21
20%
113%
*111%
1%;,
*50 Va
"
113%
1%
1%
1%
21%
20%*
22%
22%
22
1% Aug
2i%
21%;
*111%
1%
22%
7
53
*50%:
$6
22%
15
15%
14%
15
15
15%
1514
15 Vs
15 V4
3,400
85%
85%
86
85%
85%
85%,
85%
84%
85%
820
22%
23
*23
23%
23%
23%
22Tb
23%
22%
22%
1,000
'*18%
19
*18%
20
19
19
19%
19%
700
*110
*110
115
I
21
7%
-*67%
■
11%
85
*18%
*68 Va
8%
*69
70
*11%
70
11%
••'*82%
8%
7%
•
21%
21%
21%
21%
♦110
115
11%
*82%
84
84
':
11%
18%
18%
18%
*46%
47%
46%
18%
20
,
>110
115
21%
8%
21%
8 Vb
4,700
*110,
115
21%
22%
115
•
21 Vb
8%
2,100
8%
14,300
70
69
69
70%
1,000
12%
11%
12
Xll%
11%
3,600
*83 Va
85
X83
85
86
8 Va
70
•
19%
19%'
20
19%
19%
46%
46%
46%
47
47
IVa
1 Va
1 VB
400
7,900
90%
Feb
32 Va May
148
Nov
39% July
1
Mar
102
87
Nov 30
7
% May
2
131%
Feb
Jan
44%
Dec
122
4
conv
16% Jan
4
24 Va Jun
15% Jan
4
4
14% Jan
14
par
4% Jan
2
preferred——...A'o par
.-No par
60% Jan
July
47
1
■
1
1
•
2%
2%
85%
85%
*85
43
43%
43
98
1
98
2%
2% >; 2%
87—
43%
44
98%
98%
99
37%
38%
37%
♦104 %
"
38
104%
105
8%
102 Va
1%
1%
38%
105
*2% :
38 Va
43
43%
99 %
38%
105
.9%
*102%
1%
1%
7.1%
,
2,500
2,000
80
89
i
43%
43%
6,300
98%
:■
98%
700
38%
7,700
38 Va
105
9%
104%
1%
1%
9%
*102%
*87
38 Va
105
9%
102
1%
2%
2%
•
87
98%
r
1 Vb
2%
87
102%
8%
9
*99%
;
87
43%
*98
/
27/a
87
104%
...
*1
1%
600
*104 V4
9%
9%
103
10V4
104
1%
400
105
8,500
130
104
1%
1%
19,300
■
4 %
4 Vb
4%
4»/a
4%
*15%
16%
*15%
16 Vb
*15%
16 Va
*15..%;
10-'
10%
10 %
•10%
10%
*10
*4
■
•
•
32 Va
10
32%
32%
32%
33
4%
41/4
' : 4Vb
4
16%
•
,
10%
10
,,
25% Jun
34%
*24
24 Va
14%
14%
25%
26
26
26 Va :
26%
26%
26%
27 Va
27%
25%
>25%
24%
24%
148
25
25%
150
25
*148 Va
150
%
*148%
*58
*58
*49 Va
19%
.
49%
25%
*11%
11%
4%
49%
50%
20%
20%
20%
A 11%
11%
*4Vs
50
20
'
11%
3%
11%
11%
'■
v;
4%
11%
11%
11%
11%
•,
*148%
150
4Va
138 Va
138 Va
123%
127%,
126%
129
6%
6%
6V2
6%
6%
7
49%
20 Va
11%
3%
7
49%
'
20%
11%
11%
11%
V
4
129
6%
28
25%
'"4.129
,
2,400
■
V.?4914AJ>0
1.600
.
j-.ftl'l %.'• d 12
8,700
900
-
11%
"i'i hi ^
2.400
5,300
:
7'<il30:7vl30%
7
33
33
33
33%
34
33%
34%
7
45%
45 %
46
46%
46%
46
46 V4
'•,'7:45%
r.-"34%
14
12
3,400
Corp—
Oct
Jan
Oct
44
Feb
1% July
6% Apr
7
July 13
Jan
Nov
82
Feb,
13
Jan
27
Dec
56
Jan
83%
Dec
10 V4
Jan
27
Dec
60Va
Jan
90%
Dec
2% May 10
17
m
Jan
73
25
2
1% Jan
x58
Jan
-fs Sep
4
.
6
Sep
Mar
:
4% Nov
81%
Dec
l'/a Nov
5% Jan
8%
Dec
jan
5
17.
7% Jan
9
13% May 29
3
37
15
26
July
23
18
Apr
13%
Dec
18%
Oct
19%
Jun
25%
Feb
21% Jan
23 % Nov
7,
19
Sep 22
2
1
32% May 10
273/iJan
11'
:
Apr
22 Va
May
July
22% Apr
Apr
2
154
10
130
65
Jan 27
50
50
Sep 27
25
14 Va Jan
21% Dec
Jan
4
'
Dec
8
Jan
13 Va July
1,6
10 Va Nov
17% May
5
2% Jari
Jun
160% Jun 12
10'/a May
5
25% Jan
41% May 12
44% Nov 18
July
Apr
10% Apr
10
4
11
11
.——.—25
.
6
57% Sep 10
31% Jan 19
138
3% Jan
Oil
Jan
16
6
11
11
81% Jan
Gulf
102
Nov
5%
65%
% Jun
97% Aug 25
45% Sep 20
Jan
preferred..—————100
3,400
61
4
50
41% July 17
108% July 14
P% Apr 29
101% Dec 27
8
9
13% Dec 14
West RR——100
Green (H I) Co Inc_.
1
Greyhound Corp (The) _——No par
5% % preferred
——10
Grumman Aircraft Corp..
1
Guantanamo Sugar
—..No par
8,700
Nov
29% Feb
24
Dec
Gulf Mobile & Ohio RR—No par
*5 oreferred
No
457/e-
Jan
4% Jan
:
pfd—No par
"73/a
5 Va
6
3% Dec
Great Western Sugar——No par
Preferred
-——
—100
6%
13
q
Prop—No par
35%
,
45%
500
Dec
Jan
*40% Mar
4
Jan
—
20^7720Vb
77
Jan
80
City Steel...—
(W T) Co—
Great Northern Ry 6%
15%
3
Jun 22
1% May
3% May
Feb
Jan
37% Jan
90% Jan
Granite
Ore
Dec
7 Va
48
Jan
25 VB Jan
:
Graham-Paige Motors...
——1
Granby Consoi M S & P.—..—-5
Grand Union Co—No par :
Nor Iron
Jan
16%
22% July 16
83
Green Bay &
11%
,
16,500
.'
33
♦
14%
♦148% 7150
*58
49%
20
25%
150
*58
14%
20
110
Apr
May
12 Va Sep
73% Sep
24% Jan
preferred——
—No par
Goodyear Tire & Rubb———No par
$5 conv preferred——.-No par
Gotham Hosiery
No par
Preferred
——100
Great
34
24%
14%
Feb
Jan
9% May 10
85% Oct
:
5%
1,700
33'/a
>24 7
14%
*24
10
79%
Jun
May
101% Sep
May 20
14% Sep 17
——1
Brewing Co—————-1
Telegraph Co—100
Goodrich Co (B F)
No par
tGoebel
Gold & Stock
2,600
33
24%
14%
24%
Jan
11
74
Jan
No par
Grant
.—10
5% preferred—...*———.20
14%
*24
19%
41
No par
(Adolf)
Nov
14% Jan
preferred——,—50
,1,500
14 Va
33
24%
Gobel
conv
Oct
31%
28
Jan
Jun
%
Mar
13 Va Mar
10
Jan
Jan
14% Nov
55 V4
23% May 29
Dec 11
113
59
.—No par
10%
%
14%
*24
*
2,400;
16
4% %
107%
14% Apr
8*/4 May
'
47:
Apr
Apr
% Mar
9
5
Glmbel Brothers—
$6 preferred—
Glidden Co (The).—
10 %
15Va Dec 22
108
Va
23
91
Jan
109 Va May
Jan
4
2
5%
Sep
101
•
Jan
14% Nov
A
Sep 17
23% Mar 4
2
Jan
Gillette Safety Razor—..—.-No
l7/a Jun
Jan
3 '/$
99 Va Aug
59
Jan
9% Jan
60
Co——5
3%
July
30
10% Mar
8
112% July 15
128
Apr
13% Aug
1% May
Nov 13
% Jan
Corp———————1
preferred^-No par
& Rubber
8V4Jun
112
2
5
Oct
Apr
30
9:
15% Jan
Jan
Jan
122
Mar
31% Jan 28
1%
July 13
56
2Va May 10
25 Va May 20
■
par
.
Oct
40% Jan
116Va July
Apr
111% Apr
01
X104
100
..1
Telephone Corp——20
Corp——No par
Tire
Nov
30%
64% Apr
12% Jan
par
preferred———I—100
General
132
x23%
44 Vb July 15
Dec
21% Nov
120
3
2
Gen Time Instru
$5
16% Apr
:
Apr
21% Apr
4
5
General
:
Oct
Jan
3°2 Jan
Gen Steel Cast $6
6%
21 Vb
3%
9%
4% Jan
103% Jan
General Refractories—...—No par
7
4%
6% Sep
66% Nov
24% May 29
General Shoe
Dec
2% July
2
Sep
5
25
Signal—.——No
preferred
Gen Realty & Utilities...—
$6 pref opt div series-—-No
140
Apr
107% Sep 21
137
July 23
14
Feb
57/a Nov
8V+ May 19
9% Jun
13% Jan
6%
Jan
46%
18% May 20
98% May 19
2
Gen Railway
22%
106
Aug 23
par
1,100
5,100
Sep
3% Jan
6Vb July 23
21%
104
119 Va Sep 23
3
Dec 30
Gen Public Service——..—-.10c
1%
151
Dec
7% Nov
33
3
131% May 6
39
Nov 18
1,400
53
2
% Jun
7
1%
1%
Jun
9
19
...—No
63
Mar
120% Dec 28
44 Vb Jan
General
*50%
51
2VI Jan
2,100
115
98
17VB Jan
Common.....
Feb
3% Apr
Aug 31
107
Jan
3%'.Oct
10l/4 Feb
"Apr
8%
61
2
20
125% Nov
2,300
21%
11 Va Dec
par
preferred
20%
*111%
1%
1%
53
7'
115
14% Apr 26
53% Apr
Jan
21
8
; 128%
Gen Precision Equip
85
*19
1
Sep
Jan
11
Sep
16
May
2% July
30% July 13
6% Jun
2%
2%
8
83% Jan
...100
—10
...No par
Gen Outdoor Adv A ...—No
2,400
22%
15 V4
V
21%
1%
*51
52
*51%
52
*111%
1% Jan
1% Jun
93 7. July 28
■
•111%
4% Jun 10
4'/a May 17
1
14% Oct
Corp—No par
Printing Ink———1
preferred—..——.—No par
$5
800
5Va
1% ;
77
: 113% Jan
General Mills.—.——No par ;
160
13
7
300
24,400
Jan
;
ptjr^
;
*103
1%
34
General Foods Corp——.No par(
$4.50 preferred,
—~—No par
Gen Gas .& Electric A.——No
Jun 15
Jan
4
30%
7%
71%
20 Va
: 130 Va
.
100
preferred
7% 7 7%
109%
7%
—No par
;
r-$6 conv preferred series A .No par
37 V4
20
109 va
*1%
7
•
A
7 10
128
5%
Class
134
4%
2%
7% preferred.
.........
100
General Electric Co—.—No par
16,700
53%
737%
20%
7%
.
21%
115
2
Jan 29
Jan
Jan
Mar
Jan
Jan
Jan
Jan
Jan
Jan
Jan
.
7
130
5%
*103
109%
,7
.—.No par
General Bronze Corp—...
-i
5
General Cable Corp.:
—No par
preferred
General Cigar Inc.—..—No par
2,000
104
xl28
38
Amer
50
42%
53%
Gen
No par
300
77'
20,600
130
128%
*37 V4
640
>
37%
X104
.
6%
4,800
XU4% 114%
2%
/2%
>118%. 120
53%
5Va
21%
1%
53%
5%
20 %
..
129
128%
38
5
5%
19%
6%
♦106
108
1%
;
;
129%
*37 Vi
3
Transportation——5
General Baking—---.5
3,100
2,100
146
7>42%f
115%;
2%
•
54
129
129
37V*
:
43'4
$6 preferred—.———No par
26%
26%
37 V4
*118% 121
106
>104
129
53%
Jan
9% Jan "li
100
$8
85
"
1,700
3,000
12%
146
37%
115%
.
3
120%
*127%
■
-1
53%
128%
128%
.
7
37%
42%
;
116%
2%
3
121
•102
101%
>101
116
.
2%
26%
146 7. 147
43
118 Va
-
1
26%
,
-
37%
42%
t
*116% 117
v,
3 ":>,■'
:
>118% 120
148
37%
37%
■117
27
*26%
*145
149
,
36%
^
61
6%
102
37
43A '
4%
12%
26%
par
—1
Gaylord Container Corp—..5 >
S'/2% conv preferred——
50
7%
7%
4%
37
.—A0
(The).:
Gen Amer Investors
147
12%
149
Co
Gar Wood Industries Inc.
110
7
8 Vb
*146
147
600"
.
7
44%
:
8
8 Vb
*145
7%
——20
preferred—
Gamewell
1%
9Vb
19%
3
900
13%
53
*51
..
4%
36%
«
44%
:
52
52
82 Va
>145
-
-'•12%
6,000
2% Jan 11
(The) cl A—No par
(Robert)—.———1
"
*13%
11%
4%
82
-
13%
4%
'
I3%52
7% 7
7%
4%
12
43^
*11%
>
^ *9%
44%
43%
52
4%
110
,
10%
v*50 Va
106
*105Va
,
4%
13%
v
28%
4%
4%
6%
1,200
4%
"
13%
51
•
12%
12%
13%
4%
V
12%
2%:
3
2%
.
12%
28
27%
4%
3
3
13%
*12%
28
4%
7
3
2%
2%
2%
2%
2%
3 Va
.
.
Mar
9 Va May
1% May
48%
,
Jan
2Va Jun
18
Jun
9% Nov
32
Nov
25
Feb
28% Jan
143
Jan
63% Nov
33 Va
Jan
14%
Dec
11 Va Aug
14%
Jan
3%
Jan
86
4%
Sep
Oct
33T i Oct
50% July 26
H
*26%
29
*26%
29 ;
*36
37
*36
37
*15%
13
*106
For
footnotes
see
16
*15%
13
*13
106%
page
127.
*106
16
14
106%
*26%
36
15%
,
,
*13
>1C6
29
*26%
29
*27
36
*35
36
*35
36
Hackensack
29
16
14
106%
16%
*13
106%
16%
.
14
106%
1G
'
13
.
106%
'"16%
13
106%
20
7%
Water
—
preferred class A
700
Hall
200
6%
Printing
Co
preferred
35
Jun
12% Jan
—No par
...
—100
1
5
9% Jan 18
10
Hamilton Watch Co.
-40
22% Feb 11
23
——25
.
104% Mar 13
28 Va
38
18Va
15%
110 Va
Sep
3
Apr 13
July23
4
July 28
Jun
19% May
25
Feb
29
Apr
35
Deo
8% Mar
13
8
Jun
95
Mar
Aug
11% Nov
106%
Feb
LOW
$ per
S
share
16
*136
142
106
104%
104 %
*104%
106
7
*104%
6%
67/a
6%
7
6%
6%
*6%
2%
2%
2%
105%
106%
105%
67
*63%
V"V
67
25%
63
63
*114
115
20
20
2%
2%
2%
16,300
105%
105%
170
Hazel-Atlas
400
Helthe
*61%
10,800
*63
81
Hercules Powder
*62%
Y
*114%
115
*114%
115
115
V *114%
6%
40
65
115
'7 7-'
:
preferred
cum
100
No par
No par
*
Hershey Chocolate
200
$4
rr--
conv
preferred
%
3% May 10
Apr
10 %i Apr
51
21
f/
21
V
*20
*20%
21%
*20%
21%
*20%
*21
39%
38
*37
39
*38
13%
13%
*13%
14%
*13%
13%
14
13%
14%
14
.
; • 38
13%
14%
*
*115%
*42%
42%
14%.
14%
14%
55%
55%
108%
108i/2
66 Vs
65%
Jan 6
Jan 18
Jan 21
7%
31%
1%
•;^v
7%
32%
1%
1%
*1%
6%
6%
*6%
25% '
25%
25%
9%
26%
1%
9%
;
%
.
.
25%
25%
■'
h fy9
1%
1%
y r 9%
1%
■
91/4
-;.1%
9%
1%
1%
9
1%
,
,
*6%
1%
v' v:k-
1%
Hudson
400
200
.
5l!o
.
&
2,800
Hupp Motor Car Corp
26%
1,800
26%
iilii '
26%
26%
26%
26%
26%
26%
10%
*
26%
10%
10%
10%
10%
11 Vs
11
11%
11%
11%
25%
25%
25%
25%
26%
1,500
25%
25 %
25%
24 %
'
xl6%
16%
73
73
73
10%
10%
11%
*7%
8
*7%
34%
*111
7
7%
7%
6%
6%
6%
173
172
172
73
173
73
1%
'
14%
:
-
65%
,*63%
4%
4%
4%
14%
14%
14%
68%
68%
68%
68%
68%
68%
8%
8%
8%
69 VA
70
40
*39 %
40
35%
35%
36
56%
60
*59
60%
60
60%
12%
11%
12%
12%
17
17
*28%
29%
12%
12%
12%
12%
39,800
13
12%
12%
17
17%
1,700
*108'%
110%
*109
110%
15%
15%
15%
15%
29 %
29
29%
*29%
*28%
139
*136
140
*136
13%
13%
13%
*13%
13%
13 34
30%
30%
30%
31%
*30%
108
20%
66%
..
21 %
21%
58
58%
59
68%
68%
68/4
68%
68%
11
10%
10%
*10%
*10%
11
*10>/2
10%
21%
21%
,■/
,200
..
*58%
18%
18%
.
18%
18%
*18
*123
*123
'
■
19
*18
18%
18%
*121
—
140
6%
6%
20%
*19%
14
14
*101
104
20%
*20
13%
13%
7%
21%-
21%
14%
19%
17
113%
/v;'
7
*13%
*101
17
*16%
*109%
6% :
*13%
104
T-"
".■/
102
18
17%
*109%
112
*20
*109%
21%
14%
102
18
112
20%
13%
20%
13%
20%
*13
.~7%
13%
7%
7%
14%
Xl4
14%
103%
.*102%
18
18
18
*109%
112
*109%
21%
20%
20%
12%
13%
13%
*114
V
*114
*114
_
7%
21
21%
21%
*102%
'
i1
*114
115
*113
-
31%
30%
30%
30%
31%
31%
32%
31%
31%
19%
19%
*19/4
19%
i9%
19%
*19%
19%
19%
32%
*31%
32%
*31%
4%
*4%
32
32%
4%
4%
55
23
55
23%
*53%
*31%
22%
5
32%
5
58
58
58%
23
"
23
23
32%
*4%.
5%
5%
57%
56%
23
23
*7%
7%
*7
*5%
7%
*6%
7%
*6%
7%
28%
28%
27%
28%
27%
28%
28%
29
32%
32
32%
31%
32
31%
31%
32
Jan
163%
Dec
74%
Feb
8
8% May
12%
Jan
8% July
1
5%
Apr
6%
Feb
38% Juiy
6
18%
Oct
23%
100% Aug
111%
Feb
10%
Jan
78% July 24
8
15%- Apr
6% Jan
27
21% Jan
28
-
21
9
Jan
2
.
6
% Jan
-
5
67
3% J an
5
Nov
5
24%
Apr
6
July 14
126%
Jan
2
14% Dec
24
7%
Dec
36% Apr
30
138
preferred
1
No par
Co
•
.
9% Jan
12
Feb
19
78
Kalamazoo Stove
Chicago
RR
,
22
1,900
300
14
'yy
20
18
800
112
•"
,'
400
21%
13%
•
•
•-,{
31%
v
•'''*•««.
—
—
24,300
10
No par
City Southern—
Class
B—
Kendall Co
i
$6 pt
1
...
pfd A_
No par
Kennecott Copper.;
No par
700
•
Keystone Stebl & Wire Co—No. par
800
19%
Kimberly-Clark\Corp——_No
300
.
23
Kinney (G R) Co....
210
4%
57%
prior preferred
Kresge (S S) Co..
3,500
/
<
par
1
No par
10
$5
Nov
Jan
7%
Nov
6%
Jun
10%
Nov
Apr
95*
Jan
2
7%
Apr
11
3
24%
Apr
32%. Jan
Jun
'
16% July
127
5%
8
136
122
Jan
Jan
129
Jan
Dec
Nov
-I Aug 28
17% May
6
Apr
5
53%
82
6
61
19
Nov
33%
73%
65
xl2% Jan
10%
50 % May
26% Apr
'4
Nov
107%
9
8% Jan
Dec
138
May
85
27
July 21
•
Jan
18% May
July 14
92%. Sep
Apr
/
Apr
12% Jun
7% Aug
25
19% Sep
Dec
May
24%
Jan
64
Jan
79%
Jan
11
Jan
121
5%
19
7%
8% Jan
102
28%
15%
25
Jan 29
Jan
7
Jan
2
Jan
7
1%
34%
18%
2%
Jan 13
Jan 12
Jan
2
Jan 11
23% Jan
4
24% Feb 26
Aug
Feb
Mar
8
29% Apr
5
117
23
9
10% Apr
6
127
17
Sep
Nov
13%
Dec
17
Sep
20
Dec
124
7%
Oct
Oct,
29% Nov
May
6
Apr
11%
Feb
Dec
100%
Jan
Jan
11%
93% July
12
115
Jan
16
13
104 :
2%
103%
Dec
14%
Dec
81%
V
13
7
..
.
10%
24% May 11
Apr
Sep
Jan
9
Dec
May
105%
Jan
8
20% July 15
26%
Jun
37%
Jan
11%
Apr
15%
Dec
July 15
24%
Jun
29.
Jan
6% July 26
1%
Jan
4%
16% May 11
Apr
113
100
24
35% Apr
34
:
24 % Sep
22
".
17
Feb
2%
Sep
40%
Feb
Mar
30%
58% July 29
2%
22%
Jan.
Jun
3%
Jan
2,200
Kress
32 Vb
1,600
12%
280 '
170
l
Kroger Grocery & Bak
No par
& Co.
No par
10% Apr
3
32% Sep
30
19% May
27
32% Nov
6
22%
Apr
29%. Jan
167/s May 21
Oct 19
73
7%
Apr
13
4
21 %
Apr
41%
7
11%
Jan
18
7
29% Jun
Dec
11% Jan
29%
32%
(S H)
2
88%
7
Nov
54
Oct
21
64% Dec 29
19 % Jan
39%
17% Jan
Kresge Dept Stores—
7%
29
•:
7%
*
777#ii
& Ftirn
City P & L pf ser B__._No par
Kansas
1,800
•'W—
Jan
79
Aug 16
Dec 23
Jan
2
4% non-cum preferred——100
Dec 13
Kaufmann Dept Stores.
1
Jan
5% conv preferred
100
83
Jan
Kayser (Julius) & Co__
.5 A 11% Jan
Keith-Albee-Orpheum conv pfd.100
103% Feb
Ilelsey Hayes Wh'I conv cl A
1
14% Jan
Kan
■-
Oct
1%
34
—100
5,700
104%
109% Aug 19
stamped—100
Jones & Laughlin Steel
No par
5% pref series A——
:_100
5% pref. series B conv
—100
Joy Mfg Co
1
'
7%:y-
May
145% Jun 10
300
10%.
94
5
July 14
;
5
13
1,100
Feb-
26
5
200
68 %
Feb
32
Jan
Dec
500
48%
27% Jan
125
10,800
59
Jan
Mar
May
May
32% Apr
21
&
Jan
111% Aug 26
14
Jan
"Preferred
OctDec
15%
26
115
70
Manviile Corp
30%
136
39
Apr
18
26
Dec
Dec
4% Nov
44
38% July 26
GO
Dec "30.
99% Mar 30
100
4%%. preferred!
Johns
Joliet
18%
1
—
Jan
Jan
4
135
%
12%
571-
Nov
18% Sep
*
Dec
i; July
3%
16% May 10
$6
Jan
61-
166
60%
7
No par
1
151%
46%
7
10% Jan-
Jan
8
Oct
6% Jan
90% Jan
Jan-
Oct
9% Jan
—
Dec
••
1%
Teleg——No par
;
No par
No par
—100
7
Feb
35
30%
20
11%.Jun
16% May 10
70
21%
43% Mar
Oct
16%
•
li
69% Dec
4
11
7
Foreign share ctfs
Dept Stores
4%
71% July 12
2
>3% Jan
37% Jan
45% Jan
6% Jan
Intertype Corp..
Island Creek Coal
Apr
Dec
—-No par
1,200
1%
8% Jan
15
Preferred
Apr
25
102 % Jan
Intern'l Telep
t
Mar
42
V* July
3% May
129
50
Interstate
Apr
May
38
2
6%. May 11
July
.
100
.100
.
40
147
19
8
7
Jewel Tea Co Inc
88%
5% May
•
4% May 10
Mar 25
5
11% Jan
Apr
109% Mar
July 27
Jan
Jarvls (W B)
112
'
v Sep
24
74% Jun 28
177
9
Jan
5%
177
56% Jan 20'
162
;
i-'9 * Mar 29
: 9% Apr
6
144% Jan 20
Apr
.
£ 54 >
/ Mar 29
115
Jan
Nov
:•
'
*56%
22%
100
Apr
5
36
1,000
33
May
Juiy
4
1,200
104
74
153
Jan
31
'
Y
7
July 23
168
July 16
14%
*123
—
100'A Apr
28
77k
*121
Sep
May
7 21
39
20
100
58
67%
66%
400
30
*80%
100
'■//.
129/4
21%
10%
28
55% Jan
Silver——
Oct
44% Jun
100
1
preferred
Nov
23%
Jan
May
—No par
International
9%
Jan
2%
13
——No par
50
;
15%
129%
129%
129%
*80%
88%
89%
89%
21%
*57%
*65
100
*80%
*108
108
108
58
20%
57%
129%
*128
100
*80%
100
89
88%
129%
129%
108
*106%
.
87%
*57
10%
-
30%
87
129%
20%
139
140
*106!'2
86
*80%
29%
13%
108
*128
*14%
*29 %
13%,;
30%
86
109
108
preferred
o%
6
19'A July 24
Jan
Salt
9,400
17%
Apr
13
Jan
.—15
-1—100
No par
.—100
Co—
of Cent Arn
preferred
:
7%
12%
1%
b
International Shoe
;V
16%
15%
*136
140
117
*107
1,200
63
117
17%
110%
*28%
*62
*107
12%
*109
15
61%
600
Nov
ft Jan
9% Nov
—No par
—100
—-
Paper
International
•V'.-'1
13%
15
*14%
61
conv
5%
5%
Jan
.
12%
12%
17
■
36
ry
40%
36
36
36
5%
Jan
32%
25
Inter Rys
500
12%
12%
12%
,
*39%
41%
1,400
,
.
*17%
11%
17
110%
117
*107
117
*107
117
70%
70
69 %
*39%
■
Preferred
International
Dec
3%
5
'
—5
.
Int Nickel of Canada.
■
2,100
8%
69
20,000
•
68/4
8%
*35%
*106%
14%
8%
36
13/4
14%
68 %
*35%
*29%
260
23%
10
62
100
International Mining Corp.—
3,300
Apr
48 > May
M—No par
No par
No par
Chem.
&
Min
preferred
/ 4%
19,900
4'A
27
131
68%
69%
140
27
*130%
8
8
40
108%
4'A
27%
130%
14%
14%
.
Int
International
300
130%
4%
27%
27%
*130'%
*39 %
;■
8
107
65%
,,'Y.
Jan
31% May
Jan
6
Hydro-Elec Sys class A
3,900
15%
65%
ib% May
Jan
106
———_
3.800
2
15%
*63%
4%
27%
27 Va
130%
131
1%
2
1% Aug
5 % Aug
Jan
2
17
International Harvester——No par
310
170
170
—
Preferred
2% May 10
100
Machines.
Iut' Business
'300
3,500
72%
15%
*63%
14%
67%
69
1%
15%
26%
14%
67%
*38%
2
16
130 y2
26%
130
8
1%
7 ;
71%
Interlake Iron
4,100
175
*171
171
169
15%
65
7
7%
73%
72%
171%
7
7%
Feb
%
2
86% Nov 29
No par
Corp—
preferred—
Intercont'l Rubber
.700
7
175
*171
73 %
6%
Oct
34%
16%
158% Apr
1
10
Sep
~4%
32% Nov
20
Interchemical
700
7%
7
174
33%
113%
*111
106
May
11% Jan
No par
Co—
Inspiration Cons Copper-
8,500
Dec
Apr
11 % July 12
4
——100
1
Insuranshar^s Ctfs Inc__
8
33%
■>:
Steel
Inland
700
11
*7%
preferred.
6%
30
73%
10%
34%
,
*6%
7%
73%
166%
7
1%
4%
4%
4%
26%
,
?
73
•
113%
15%
*62%
65
130
33%
*111
1%
15%
*62%
3,000
8
*7%
"
15%
1%
15%
J
169
168
169
168
174
73
72%
1,400
91
162
11%
113%
6%
*6%
-7
6%
10%
35
*34
112%
74
8
*7%
8
*33
*111
34%
111
111
73
11%
11%
*33
162
73%
73%
10%
39%
90%
"
161
Oct
11% Nov
44%
Apr
29% May
2
18% Jan
-100
1000
Indianapolis' Power & Lt—No par
Industrial Rayon.i.
—No par
Ingersoll-Rand
i
No par
4,000
39%
2%
2% Jun 18
10% Jun 17
29% Mar 30
37
ctfs series A
RR See
Feb
Jan
96
7
8
■V
Leased lines 4%
210
1,650
17
.
39%
90%
*156
162
161
*71 %.
9'A
161%
39%
89%
;
46%
17
17
39%
90
89%
*156
162
*156
16%
39%
39%
••
89%
v
8%
8%
17%
17
46%
9%
46
46
9%
8%
39 %
89%
89%
88%
46%
46
1,
16%
39
39'A
*38%
'
8%
8
8%
*8
1644
46
46
46
*45%
Jan
—20
A—.——100
preferred series
6%
Dec
38% Feb
8% Jan
Jan
——iOu
JRJEt Co.
Central
jumuns
•
115
.
Idaho Power Co———
10,700
25%
■
7%
18%
'
Oct
30%
7
8
-1
Nov
27
4% Jan
-
Jan
>.
Dec
17
21%
% Jan
4% Jan
?
15
Dec
20
2
22
30
22'A Jan
preferred-100
Sra Ltd.—-No par
Motor Car
No par
1%
1%
Sep
July
July
July
Jan
29% Nov
Dec
9% July 13
41% Apr 5
/
2
4
-100
Manhattan
non-cum
Hudson
7',. ;:
9
3% Jan
30 % Jan
*
Hud Bay Min &
10,800
-
5
5,200
9
:
Howe Sound Co
.;
7 %'
25%
25%
Houston Oil
3,200
33
*1%
7%'
of Texas v
8,500
8%
32%
,;Y
6
Oct
Dec
102 %
Jan
110
Dec
48%
Mar
.121/4
114 July 12
68% Nov "1
105
Mar 10
59% Aug 31
Co.
No par
t c—.—25
Houston Light & Power
11
17% July 12
17 * Apr 8
115VS? Jun 9
42%
45 ,
17 «
57%
75%
Mar
14%
Nov
134
12% Mar
V
Feb
14%
Feb
79
40% July 2
5
2
9% Jan
44
Jan
No par
preferred—-i-—100
5%
130
'1,300
;
—
Household Finance.—.
•500
65%
7%
7%
32%
7
25%
25%
9
7%
,32%
1%
7%
25
7%
31%
7%
1%
:.*6%
:<■>•
2,800
109
65%
preferred-
Houdaille-Hershey cl A———No par
Class B
No par
300
7:;
57
109
7%
31
14%
*55
66
66
31%
7%
7%
31%
42"%
57
109%
66
Homestake Mining
7%
14%
•
.
6,600
/
30 % Mar
21%. May 10
25% July 13
Jan 6
12% Sep 8
115
Jun 22
31
Jan 5,
36% Jan 12
—6
No par
100
12.50/.
Holly Sugar Corp..,.
40%
42%
7
(Del)
Hollander & Sons (A)
,300
14%
16%
28%
7
10
1
10
(C E) The
3,900
:
--
110
*55
55%
109%
66
66
*1%
42%
*53%
108
65%
40%
*108%
54%
54
108
•;
14%
40
29%
14%
t
7v
13%
*115%
—
.41%
42%
:•*
14%
14
14
13%
43
*42
43%
*42
300
Holland Furnace
14%
„
39%
39%
39
40
39%
*115%
115 %
*115%
Hires Co
22
38%
*13%
14%
'
'
100
Co
Hinde & Dauch Paper
22
/Y ••:,7
14%
14%
10c
38%
22%
38 %
14V4
22
*20
/
22
*20
21%
*37
>
158
Apr
125
71
July 14
118 1 Aug 16
Dec
58% Oct
May
141 %
'
*20
-v.:
1% Jan
94%
Apr
45
9
5
Jan
Jan
49
100
Dec
May
8% Nov
Jun
79%
6
71'; Apr. 2
Jan_ 5 /172
Aug 23
Jan
8
29% Dec 28
Jan 5
87 «.Jun 2
Dec 23
136%"Aug 26
152
/ 12%
73
128
Jan
4%
88
Jan
5% May
56% Jan
■
No par
-No par
.
1,600
130%
65
;V
66
non-cum
16% Jan
"
110% July 23
1% Jan
25
100
-
preferred
Hercules Motors
J,
■
*129
130%
*129
65
W)
(G
1%
26%
*79%
81%
7
__
25%
26%
80%
81%
129
129
65
*114%
25%
27
67
*163
*163
81%
81%
■
*64
63%
:'A<:
67
2
93% Jan 20
2
——-25
Co
Glass
Jan
146
3% Mar
80
10% May 28
.
Apr
12%
104
*126
144% May 14
7% May 29
109% Oct 11
Feb 3
4'A Jan 5
86
Jan 2
6
Dec 14
135
100
1
100
1
Corp
Hayes Mfg
105%
26%
130
*129
129
2%
105%
*163
81%
81%
81
129
27/a
*64'/a
18% July 6
Hayes Industries Inc
1,300
105%
26%
24%
26%
7%
2%
*163
*163
*7
107% Sep 13
6
i
preferred
of Amer class A
•6%% preferred
10
106
*104%
6
13% Jan
I per share
Apr
Apr
98
99% Jan
Hat Corp
300
.
share
per
Highest
I per share
No par
Refrac
6%
6%
V $
I per share
Year 1042
Lowest
-No par
Co $5 pfd
(M A)
105%
3
105%
*63%
.
Hanna
Harbison-Walk
3,300
142
*6%
6%
6%
16%
*135
142
*135
6%
d-;r'
Par
20
106
16%
16%
*6%
6%
6%
106
*104%
*105%
106
16%
142
*135
142
*136
6%
*5%
*105%
*105% 106
16%
16%
16%.
16%
16
Range for Previous
7.
Range for Year 1943
Lowest
■
Highest
*' a'.'
'
EXCHANGE
Shares
S per share
t per share
$ per share
106
106
106%
106%
the Week
'•S
STOCK
NEW YORK
Sales for
Jan. 7
Jan. 6
Jan. 5
share
$ per
share
per
Friday
Thursday
Wednesday
Jan. 4
Jan. J
Jan. 1
STOCKS
SALE PRICES
AND HIGH
Tuesday
Monday
Saturday
Monday, January 10, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
7
19% Jun
18
11%
Dec
39% Oct
30
Dec
20
Jan
-A— L
11%
11%
11%
63%
63%
29
29 %
29
29%
18
*16%
-
12%
*12
12%
66%
*65
66'%
65
65
28%
65
12%
66
12%
63%
12
29%
29 %
29%
18
18 "a
18%
39%
39%
39%
29%
29
18
*17%
*17%
18
38%
8
38%
38%
*38%
39%
*38 %
8%
38%
8%
8%
8%
8%
8%
23%
23%
*112
114%
23%
23%
*112
114%
4%
4%
1%
1%
*1%
17%
17%
22%
*112
1%
17 %
17%
4%
4%
4%
1%
17%
23%
114%
5%
1%
18
'
29%
29%
*
30
18
18%
37%
*36
*37%
6%,
footnotes see
.
43
42
For
30
*18%
*38
%
18
6%
7
*37
39
page
127,
30
3,200
30
5,700
(The)
Lambert Co
Lane
100
;
Bryant
27
Lehigh Coal & Navigation Co.-No par
25
Lehigh Portland Cement..
8 % Dec
29
9
July 17
July 20
1%
conv
& Tire
preferred
1%
1%
1%
2,300
17%
17%
17%
2,300
30%
29%
30%
5,000
_
Jan
4
.100
107% Jan
27
120
50
.
29
2% Jan
2
Lehman
18%
18"%'
38
38
38
42%
42%
43%
37%
*37%
42%
42%
42%
7%
*37%
.
300
7%
7%
39%
*37%
7%
39
■
400
5,200
'
22,000
4
26% Jan
Rubber
1%
.
Jan
5
Lee
17%
30
9% Jan
35
preferred
5%
Lehigh Valley RR
Lehigh Valley Coal
3% conv preferred
37%
7 %
22%
5%
42%
39
8,900
8%
114%
18 %
7
700
•
5
*18%
*37
400
113
18%
7
.-
5 Ys
18%
39
.
114%
4%
37%
.
22%
22 %
22 %
*112
18%
.
42
30
8%
8%
1,600
..
Laclede Gas Lt Co St Louis
.
—No
Stores
Corp
1g Jan
par
50
11% Jan
24
5
14% Jan
par
—No
2
23% Jan
Jan
Jan
Aug
104
2%
113
Jan
Jun
4
Jan
1%
Jan
II Dec
8%
Jan
15% Aug
Apr
25
11%
Apr
14% Aug
8
18
Apr
26%
Dec
12
43% Dec 31
6
5
Jan
2
3
30
Jan
4
.
Dec
23%
17%
31
Corp
18 % May
28
5
Libbey Owens Ford Glass. __No par
7
Libby McNeill & Libby___.
Lite Savers
8% May 19
1
2% Jun
Apr
July 14
22% Jun 26
38% Dec 23
6
Jan .12
1
Corp (The)..
Lehn & Fink Prod Corp
Lerner
20
8% Mar
15%
May
Sep
20% Jun
32
Jan
33%
Dec
17
4
Mar
5%
Jan
July 26
20
Mar
8% Jun
41
Dec
20%
33
Jan
Volume .159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4245
Jan
Jan. 1
S per share
1
,
$ per
27
•'
'
.-,'•
20%
21
21
21
21
20%
21' 77'
15%
16%
16'A
16%
15 Hi
16 Hi
58 Hi
58%
59
60 Hi xx
60%
60%
59%
60 Hi
44%
45
45 Va
453A
46
45 Hi
45%
>
8 Hi
8%
8 Hi
8 Hi
8 Hi
29%
16%
58%
44%
£•'
'■''•v:
7*
28
;■
28
17 Hi
f *150 '
"
28%
*20H4
*28%
18
17%
18
153
151%
X
X'x'x
16Hi
.
xx
x
21
16
153
151
70
'
21'A'
17 Hi
'
x
29
Lily Tulip Cup Corp—.u.
1,500
18 Vi
151 %
•:
':
152
.
72%
73%
27
26%
*133%
Lorillard
21 Va
*21
7%
180
■;
26%
138
5,300;
300:''
73'%
*26%
Loose-Wiles
>
•
21 Hi
73
1,000:
x
7/ 1,400'
•
28Hi May 27
44
May 27
16Hi
Apr
23 Hi
22 Vi
Jun
32Hi
Feb
25% May
37 Vi
Nov
Jan
7
ID
43
July 20
4
21 Hi
July 27
6
21 Hi Jun
Louisville Gas & El A— —No par
Louisville & Nashville
9 Hi
.
74 Va
Jan
177
Dec
Nov
Jan
12 Hi
Oct
11 Hi May
14Hi May
16%
Dec
253a Mar 29
24%
Jan
46 Hi
Dec
26
64'% July 24
37
51% Jan
11% May 10
31% Jun
2 Hi Mar
18 Vi Jan
13
31
15
16% Oct
7
148% Jan
12
13 Hi Jan'
6
22% July 19
11%
Apr
18%
Jan
59% Jan
8
79
65 Va
Sep
76%
Jan
15 Vb
Apr
23'A
Jan
x
,
i
—100
preferred
Apr
37% Jan 11
■
6'A Nov 27
i
10
Co.
Jan
Apr
4
42'A Jan
73%
50%
164%
15 Va Jan
...No par
—25
Apr
4
12% Nov-29
Biscuit——
(P)
73 Va Jun
Highest
1 per share
182 % Aug 19
2
12 V'aJan
—.No par
Lone Star Cement Corp— —No par
Long Bell Lumber A—
Dec
50 Va
July 15
34% Jan
1
Loew's Inc..
3,100
71
24
Lockheed Aircraft Corp...
> > 2,500;
1
t per share
22Hi Jan
par
Refining Co- —No par
No par
Liquid Carbonic Corp—,
■
$ per share
share
Dec
171
Lima Locomotive
13,900
■
' xx
21 Vi
72%
71%
"'7"
29
•
27
21%
21%
70
29
17%
153
*150.
70
8H4
"
29%
18 7>.
77 17%
>
21%
69%
8%
*28'A
153
*20%
.
20%
'
No
Year 1942
Lowest
,
62'A Nov 30
—100
"
8%
■•x"'x
8%
7
17%
•'
:x
20%
62
25
—
Preferred
V>7 3,400
44
20%
38%
25
—
Lion Oil
37
20
;20%
I per
800
37
20%
*37
Par
600
37 Hi
20%
,;7.
Range for Previona
Range for Year 1943
Highest
Wks—. —No par
Link Belt Co——
...No par
37%
*'' 15 Hi
x
Vfm^
'"J-
4014
."
20%
8%
a.
39 '
37%
58%
• -7"
39 Hi
Hi
•
1'1 x.'
39%
.i
'
::Series B
7 77 200)
7' '«'•• 2,100
27%
•*
Lowest
Liggett & Myers Tobacco.
220
20%
'•
■w""*
40
"'*25%
x
'* L''
<
2,700
7 '7'
37
20%
v.-"''
•
27 Hi
7
70
175
20%
4^7
..
*25%
39 Hi
'
70
-
STOCK
EXCHANGE
500
69 Vi
175
175
NEW FORK
Shares
;
37 Vi
44
■
39%
"/> „'
70',
69%
.
*68%
69%
175
27%
*25%
f per share
37%
'''' vf':
—
39
70
the Week
'*19Hi
.
;X ' V '
•i'
38%
69 Vi
175
175
28
*26
38%
■
27Hi
69
69 Va
69 Va
$ per share
per share
69
175
*174
:
S
69%
69
68'A
175
/
Sales for
Jan, 7
Jan, 6
Jan. 5
share
*68 'A
68%
68%
,
*174
•
Jan 4
..
shore
per
67%
;/
7
Friday
Thursday
Wednesday
Tuesday
3
.
STOCKS
AND HIGH SALE PRICES
LOW
Monday
Saturday
7
-100
.
7
6
28
Oct
21% Jun
Jan
128
163 Va July 22
July 24
Jen
Deo
Mar
■
7%
19%
Nov
Apr
16%
Nov
11%
5
42%
x
Mar
153
Dec
M
.26%
"
pm-m
■
J?Ji,
/
••(A^'*7..;--
35
*133%
138
*133%
34%
35%
35 Hi
36
>35%
35%
35
27% 7"
27%
28
27%
28%
28%
28%
28%
28%
14%
14%
14%
14%
14%
14%'
14%;
'
■
6%
138
*133%
15 -,,:x:.x;
138
*14%
MacAndrews
300
35
,
7" 27.%
.j./ 777715 >>
7 *15%
>.*286 <7
P.
*26
26%
138
0133%
V;'
7-7 26%
26%
z:
Macy (R H| Co Inc
77 16 Hi 716%
*286
: 330
16%
330
17
16%
16%
*286
330
*286
16 Hi
*16%
17
:
*286
315
315
7%
'LI.
7''
i'L" v;.y
"1—L
•
b
-V
7
19%
;.7f 2%
12% >/
16%
7%
8y8
L 7
:X
L
: >.:7/7,:
-
.i
'';
'•
4 Hi
*26
x
:> ;xx.
/LAI'
16%
10%
*19%' C 19%"'
197/a
28
.
2i;::
>
21
5
■■
.v':5Vi'
L'L '.v-v*-7^L
'
:5%
35%
•
12
Manhattan Shirt
25
14% Jan
8
19% Apr
Maracaibo Oil
14%
13%
14%'.
14%
14%
14%
14%
•4,000
17 Hi
17 Hi
17%
17 Hi
14,200
5%
7 '"'5%
5%
3,800
38%
38 y4
800
Masonite
28
300-
Master
Marine
Market
5,050
Midland
St Ry
&
"28%
17%
5%
5%
-38%'
28
27%
28
21%
■
,
21%
rv
"21%
:
Martin
(Glenn
55 Hi
55
prior pfd —100
4Ha July 14
11% May
% Mar
2
634 July 13
2% Jun
5 Hi'
5%
5%
35%
*33 Hi
35
..
5 Hi
.7
35
••
5%
1,000
23% 7
.10%
*112Hi
20%
20
16%
167/a
16% .16%'
•x'xv:
29
20%
*106
112%
*106
5Hi
.No
'"
it'LLX
•
7
70
*29 Hi
29 Hi
70
"
•
1,600
16%-
*106
1,800
112%^
29%
23%
22Hi
29 Hi
10%
lOHi
114%
.
.
7 *112 Hi
114 Va
Vb >'■
8Va
8 Hi
8 Hi
827;/
82
77
*79%
70
'7'
:
70
*33Hi
-
10%
i
*112%
8
8 Va
70
70
371
:
"LL' % •
L'L
LL "i
>27
'• LL'
•
>
29%
"*28%
;
!
•
37
>
29
'
7>; 27%
,
27%
3% Jan
pat
,x
7. v/-'LL ''
xx:'-.
22
-No
Wks
Alkali
43*4 July 16
8%
38 % '.,39 29%
29%
•
*±.
165
10
37
preferred
LL
'
LL
■''*•
6%
>7 26Hi
27%
27
29
*27%
28%
'.
*V.L L :••• '* V:7
108
*109%
74%
'••'/ '
28
'
.
>
*74
108
xx
*92
—
117
108
4
36
Jan
9
110
1234 Jan
16
11% Jan
7
17% Sep
21
Jaa
7
113% Oct
2
21% Feb
100
104
2%
x'Vx 9%
.9%
8 Hi
9%
9%
••-29%
29%
29%
30%
78%
78 Hi
29%
78%
xv.
77%
77
117
118%
108%
107%
108 >4
*107%
109
46%
108%
'*$
'-V-
45%
-
21%
is y2
15%
?/ 16%
•
16%
35 y8
*35
22%.
22
16
26%
15%
16 y4
17
15%
27%
46%
17
17 Hi
28
27%
28
i
15%
.
17>-:
.,
":
28
.*27
■
4% v.: 4%
72 "7
'
•'••-■
4%
4%
4%
4%
72
*70%
72
*20%
21%
21%
22
'
76%
*74
114%
*114
9%
114 %
*42%
*%
■
117 '
1
;>•> 4 Hi
77
43%
Dec
Jan
conv
101
Feb
24
94
Apr
2,600
Mead Corp
6
Jan
4
10Hi Apr'
6
x5H4
Nov
67% Jan
9
89
26
64He
Oct
78% Sep 27
34H4 July
8
72
Feb
'7 20%
Jun
32
Jan
4Hb
Dec
6
Oct
Oct
8%
6%
preferred——100
———No par
$6 preferred series A——No par
$5.50 pfd ser B w w—-—No par
Melville Shoe Corp—_—u.
—-1
50
.
90
34 Hi
1,200
Mengel Co (The)
3,500
r
39
5%
100
preferred
1st
conv
Merch & Mln Trans Co
100
28%
2,000
Mesta
Machine
6 Hi
2,500
Miami
Copper.
27%
6,200
Mid-Continent
Petroleum
28%
700
Midland
Products.——No
1
—'
Co
Jan
Feb 9
4 He Jan
25
Jan
xv
119
12 % July
4
42
5
21
7
Feb
19
Apr
113'% Feb
21
Nov 20
4
2
8 Ha Jun
10
1% May
Minn Moline Power Irapl
1
July 23
67
Mar
July
1(7
;7, 8% Apr
14%
Nov
4
ig
Jan
1 'A
——100
3% Jan
4
11 Hb Apr
6
1*8
Jan
4%
30 3
5
12%
Feb
1%
Chemical Co-i
series
10
——No par
preferred-
Preferred
—No par
B
7,000
7,670
Morris
$4
Essex—:——
&
15 Hi
1,100
1,400
Motor
Wheel
Mueller
17'% Jan 12
> 75% Dec
1
76
-' 76 : v
,
117
*114
-•
.9%
*45
44%
*75
46 y2
3,500
xx
class B-.
i
$7 preferred.
Munsingwear Inc—
/
100
20
9%
45
45
Mullins Mfg Co
250
76
9%
■
Hi
114
114
x
9%
4
72
92% jun 30
66
24
119
Mat 19
110
29
121
Apr 29
112
3,800
Murphy Co (G C)
4 % Vo ■ preferred——
Murray Corp of America
300
Myers (F E) & Bro
'
100
Nabco Liquidating
'
.
106'% Nov 26
a
Oct
Oct
18
Oct
91
Jan
117%
120"
Oct
Apr
110%
Ja n
23%
July 14;'
May
May
May
102'%
114% Aug 24
50
Jun
Apr
34%
Dec
48 Vi Mar
Feb
33% Jan
14
31% Jan
8
39 % Oct
6
28 V2
Dec
13
5
27 Hb Jun
7
Jun
5
,7 12%
6%
Dec
17
Jan
11
Oct
18H'b Apr
7
9H'b
Apr
12%
Nov
20% Aug
2
Sep
25Hi
Jan
3%
Jan
Jan
9% Jan
7
11 Vb Jan
12
21% Jan
8
1
No par
No par
No par
100
10
Nov
Dec
—50
i
Co
4
116% Dec
113-
1
Corp
Brass
x
No par
5
Motor Products Corp—
17
■
i—20 V
preferred series C——No par
Montgomery Ward & Co
No par
Morrell (John) & Co———No par
21
Oct
Dec
3Ha Mar
150
x
57%
3%
Oct
98
118%'
f
111
25
109
4%
108
2
*107%
72"
Jan
17
$4.50
*20
103 y2
x107Hb May
13
*117
x/'x'
Dec
Jan
% Jan
Monsanto
500
110
Oct
Nov
59 %
35%
6
13% Jan
350
28
Jan
3
76Hi May
23Vi
108 Vi
64% Jan
No par
—
1,700
-xv:/": 27%
,x
16 Vb May
88 Vi Apr
July 19
Corp——.———,—10
preferred.
79%
15%
58
128
Mo-Kan-Texas RR————No par
.78%
.(*116
//416%
Dec
30% Sep
31Hb Jun
■
107
1,500
23%
19Vi
8
107
30%
36
Jan
6
938 Apr
8
preferred series A
Mohawk Carpet Mills—
'22%
Jan
7 Via
34 % Apr
4
Feb
34,600
*34%
Dec
"7 Apr
12 Va Mar
30%
5
13
No par
j-100
:_100
$6.50
"x V 46%' •46%
Oct
24
Jan
100
Mission
-
33%
preferred
1st
cum
100
.•
Apr
4
3,200
=
29
21
7
4% conv pfd series B__^
4}/*% preferred series C
6,000
x
22% Jun
6
8%
Mar
1
18Hs Jan
10
77
3
20 Vs Jan
Steel
Jan
7% May
July
106 y2 Jan
10
"
'Dec
108
32 H4 Mar
5% Jan
26-
5
55
6
Minn-Honeywell Regu—
400
108
■7
Feb
par
200
'73%
18
115% Aug
4
2
23% Sep 24
No par
29 Vb
15
60
27
——1.x
—50
<
9%
22%
Nov
7%
19 y2
72
*21%
9%
43%
'4%
:
*70
v;
XT':
117
7>x9Vi'
9%
*42%
44
*75
*114
76%
9
8%.
V:
72
*21%
Dec
9%
Jun
—1
2% Jan
■
72
24 Vi
Vb
15,100
15 Hi
>16%
Jan
5
94%
'
Sep"30
16 % May 19
108%,
11% Sep
Hi
36 :>•
Jan
99% Aug
14
Apr
13
2
xi 25%
.
14
6% Jan
Co———1
Stores
2%
x
May
McLellan
18%
i,
Oct
10
1,000
■
,
?v, 46% V 47 Hi
21%
22%
■•■".it:-..
>
47%
*34%
35
*33%
22
•
.<
Deo
12%
Dec
9%
78% i 78 y2
*116
*117
Nov
Mar
15Hi
30%
117
29
19% Jan 13
22
101
9
Jan
94%
*
*116
*116%
120
108%"
;45%> 45%'
107%
29% '■ 30
;
120
*116
*116
10
13Ha Sep
76
Jun
9 3A
''
x
7.
28
6%
•'
22
25% Jun
6 Hi
7'
Oct
Sep 29
22% Aug 18
27
*110 x.
'
7% May 29
14 V2 Jan
•V 8 Hi
108
,
'<
18 y2
2%
8%
*74%'
Nov
Jan
Mclntyre Porcupine Mines—.———5
73%
94%
18%
2 Hi
*20%
3 Hi
■
McKesson & Robblns Inc————18
.
114%
117%
6%
*93 y2
18 Va
2%
:
•<
94%
18H'8
*26 '/a
Jan
IV* Jan
.
1,400
28 Hi
$
wV>
18%
'■'• 2%
*93
94%
2%
35
46 Vi
176
39
39
/
6 Hi
18%
21%
Apr
Oct
:
8%
.
6%
6 Hi
2%
*33 Hi
fApr
31
Jan
:/•, *27%
-
•' 74
*110'
Xx;
8 Va
»
162
13
Sep
6%
McGraw-Hill Pub Co—;
'
29%
*107
108
*107
18%
*116%
Jan
27%
/xx'1 28'A'
74
74%
mo
6%
6 Hi
95
X*.77>';7
29%
8
10%
/> 'x'T/6%'
-x../ 27 x
'X' 27Hi"
116%
117%
2%
'
60
7
Dec
19% July
Aug 23
176
2
Jan
Nov
50Hb Apr
71
6Hi
'29%
29'%
18%
129
5
Jan
7
6 '/a
25 Vb
7
85
28%
6Hi
27
27Hi
VI
*116%
112
..*109%
6%
*92
Jan
2% Jan
x
1
McGraw Elec Co-
1,400
23%
8Hi
38%
'29 %.
'
6%
7
74%
*107
112
%
116%
75
*107
.
7
116%
7
117%
75
27*/a Mar 26
.
734 %
Aug
11
» 71
:
8%
38
6 Hi
29
L":LL•
x;
7
July 17
8Va Jan
;'X> 34%'
34%
.
*28%
>28%
28
6%
27
•
*116»/a
19
73a Jun
I
11
19% Nov 26
*
:»k''"-v.yLL
Jan
38V4 Jan
»x> 85
71
34%
8 Hi
27
:
Jan
>48 Hi
*112Hi
?>
>8%'
71
.
34 V*
*28
LL
Jan
32
5
31% May
:
'
6%
6%
6%
>
*27
'
27 r
:
Oct
12 Hi
26Vi
May 27
No par
•i."' 10%.
85
8%
8'/a
114 %
*83
83 >;X
*33 Hi
34%
8%
37
*36%
..'""X
11%
Apr
July 14
24
200
22%
.
•
—L•' L Lx' 'si '*•"
Jan
2,200
15
V 48%
'
"LL>
Jan
V
*14%
23
10%
'
107/a
■■""x
■
48 y4
23%
-
-14%
23 >' '
.
io%
-
8%
*7%
LL
3%
Jan
X17
9
—
-—No par
No par
No par
McCall Corp
:
——
*
McCrory Stores Corp
1
59c conv preferred w w_:
—100
10
20%
.
7 >16%
30 *
14%
48 y4
14% '14%
48
*112Hi
•34v*
*33%
r".^LL
LL
:7
'
*79% 782
;"'?lLL
LL
23
;
>7:
8 ;■
8
.
Nov
8%
2
par
—i. .No
Corp__-
Co
Maytag Co
1
$3 preferred
$6 1st cum preferred
4,500
.' no >:/
20%
112%:
'48%
15
48
*14%
114%
7
L'L.
"L-* '-'7
•
,f >10%
,
2
4%
15
5
May Department Stores—.
200
*108'
19%
112%
29 777
>V: 77 48
48
*23
Deo
16Hi
17'A May
3'/b Sep
22 % May
18 % Apr
Jan
9H4 Jan
9
par
1
Co
par
100
7%
,
*108.116
110
*108
17
>7 28%
15- X
•
'
5
M434 Dec
-No
Co
L)
Corp
Elec
Mathieson
'•
55
•
Martin-Parry
i;eoo
21%
*170 >' 175
175 "V:
55%
55%
*2 7 Hi
"21 Hi
,*i7ov
175 XT':
>55%
38%
28
19 Hi
>*106
28%
48
.
Sep 23
3 Vis Jan
Corp
6 7o
Marshall Field
-
"8HaJun 11
;
1% Jan 27
1
Exploration^.
'
;
Jan
2
13
V
14%
.
38 Va
110
77 16%
:1LLv
4%
*6%
6
Mar 15
2
51,800
5%
35%
*108
7 .16% 716%
*106
112%
-
2Ha May
5
May
320
29
x> 6 Hi
7,13
315
Nov
6%
38%
5%
*33%
•
f
*14
Jan
6% Jan
6%
77 ;7? 21%
*170 7
.175 7:
*19%
•'(
27%
3 % Jan
6%
16%
55
19 Hi
LX*-V" /•/iL'L'L".
Dec
par
6%
14%
17
—*..*1
6%'
21
55
110
no
LL >}£:y/':LL. V7 .'•
Jan
19
Jan
\r,
5%
110
'
13 Hi
.No
'
:
Nov
Bros
500
12%
28
*170
.55%
.
i' 7;77; *33%
-JiV/ 'JL
Jan
9%
Sugar Co
2%
•
Si*, x' ■
21%
Maridel
r>*2%
5%
Vi"; ;7' 21 x
.C: ' X %y.
■
Apr
Mahati
2 Hi
38%
*27%
x-'..
175
55
17%
200
.
*19%: ■; 19 Va
NOV
—50
Mahoning Coal RR Co—J
23,666'
10%
2 Hi
16 Hi
.
77; 38'%'
..,38%
*170
LL'-'-X.
Jan
35%
'
i7-
5%
*38 '
"
.
131
Dec
300
,
8%"
7%
10%
.
2%
13%
14%
"
•
*10%.
..
15
'
—
Deo
26%
2434 Mar
4
Jan
122
8
30H4 July 15
15% Dec 31
2
10
6
28
37*4 Jun
,2
_10
Copper__
2%
■
14%
127/a
14%
16%
11
19%
-
'
6%
14 Vi
V 77
8»/a
8
*10 Hi
11
2%
'2 Hi 7
:
777': 12 Hi
•
LL''
LL
8%
7%
7
6% 7 77" 6%
2Hi
6 V
'L-L'L
8%
77*10% .11 77/
*10%
*18%::;,19% 7, .*18%
7
Magma
1,400
'
•
*.!,:v7x';,-
Jan
19% Jan
Madison Square Garden____ ^.No par
800
29
May
138% Nov
8
July 22
281
'
,
J J,'
133
No par
.No par
Inc
'
—-
20% Jan
100
-
Mack Trucks
2,000
x
10
Forbes
&
preferred
4,200
35%
2
31
7
Mar 29
Jun
3
4
29 Hi Mar
53
Jan
7
77
50
Jan
63
Feb
15
Jan
5
23% Jun
26
11%
Jan
17
Dec
62
Apr
13
79'% Sep
22
49
111
July
5% Jan
34% Jan
No par
3
2
12
117
Jun" 25
Aug
4
May
108 H4
11% July 19
Sep
4% Jan
27
30% Jun
44
Feb
69% Jan
113
Deo
6%
Nov
39 Hi
Feb
N
•% >-. 1
■
i
12%
12%
12%
28%
*27%
28%
13%
12 Hi
12%
12%
12%
12%
20,300
28 y2
29
29 %
30
30 y2
850
14%
14%
14J%
14%
14%
9%
9%
9%
9%
9%
*10%
11
*10%
£>■'9%
9%
20 Hi
21%
19%
19%
10%
10%
10%
300
10%
10%
10%
4,600
■y.' 21%
.21%
10,700
National
170
*18
19
171/
*18%
19%
100
*18
8%
8%
8%
28%
8%
28%
19%
*18%
28%
8%
8%
8%
-
8 Hi
28%
29 Vi
29
29 VB
12%
12%
.12%
12%
.
2,800
National
3,000
Nat
12%
12%
12%
*12%
12%
*12%
12 Hi
500
12%
.12
12%
12y2
12 y8
12%
*12'/a
12%
1,200
19%
19%
19%
20
20
20'%
20
20%
20%
20 Va
6,300
13%
14
13%
14
14 VB
14 Hi
14
14%
xl4Vi
14 y4
4,500
12%
32
12
11%,
11%
11%
11%
*11%
i2y4
300
31%
32
31 Hi
32 y8
31%
31%
31%
3 2 Hi
11,100
26%
26%
27
27%
2 7'4
27%
300
9%
9 Hi
27
*25%
'V
*11 Hi
32%
*11%
9%
9%
*86%
20
*87
89
19%
*27%
27
9%
9%
*86%
88%
*19%
"19%
168%
168%
168
168
*167
168
144
144
144
144
144
144
19
19
*29
,
:
90
>:
19%
'
19%
18%
29
29%
29 y2
6%
•144
6%
6%
58%
59%
12%'
123/s
26%'
6
VB
59%
12%
6 Hi
60
60
12%
26
79%
79
Hi V so y2
84
84
5 Va
5%
220
180
6%
60%
84
"x
'
'
5%
5%
Corp
No
6%
26%
26%
1,800
81 Hi
82 y3
550
83%
85
130
.
9%
14
*21%
9%
14
9%
22
22
22
100
*96
*96
*54%
56
56
56
110
*108
7:
#00
*108
110
9%
9%
9%
14%
14%
15%
*22
23
*22 y4
23 %
*96
98 Hi
*96
98%
*54%
*108
58
•*55%
58
110
*108%
110
29%
29 Hi
29%
29%
29%
30%
29%
30%
17%
17%
17%
17%
17%
18%
18
18%
13%
*96
For footnotes see
13%
97
page
13%
*96
127.
13%
13%
14
97
97
97
13%
*97
14
'
97%
7
100
30
30%
3,600
18
18%
13%
13%
3,100
.9,300
97%
97%
200
145/a Jan
2
21% July 23
12%
Apr
,15% Aug
15% Sep 20
4Hi
Jan
6% Jan 13
26
Sep
29% Sep 30
14'A Mar
18
Nov
4
3% Apr
12
Dec
3
x25 % Jan
36
Dec
14
17% Jan 15
6
Jan
12
7 Hi. Nov
17
8Hi May
17 Hi Apr
7 9% Mar 16
11% Jun
9%
6%
60
Jan
72
11%
Apr
16%
Nov
Dec
Jan
13
137
Jan
6
150
HVs Jan
13
22
May 27
13%
Dec
17H4 Ma'r
Nov
17
36
Jan
4
29%
Apr
36
2Hb Jan
2
7 % Jun
7
..25
52
1% Apr
43% May
54
(The)
$2 conv preferred
Pa——-10
——
-40
22
*55%
1% ""Dec
160
Nehi Corp.———
*108%
Sep
preferred A———.100
.100
preferred B__.'—
Nat Mall & St-T Cast Co—_No par
National Oil Products- Co———4
National Power & Lt—
No par
Natomas Co
57
6Hi
7%
6,300
110
14% May 10
6%
2,300
300
4
3
5,700
Hi
Dec
9% Jan
10
6%
98%
20
90 Ha Nov
9%
*96
Jan
Jan
20% Dec
15 Vi
9%
Nov
3%
11
13% Aug 23
2
par
22%
6y8
9%
141/e
14
5H'b
9
20
5%%
6%
'
*9%
'13%
Deo
10% Sep
prior preferred———.100
.100
prior preferred——
National Tea Co
——No par
6%
16H4
29 Vb Dec
15
'
Apr
12 Vi
4
8,800
83%
24
Jan
12%
81%
Oct
21% Jun
14
National Supply
26Hi'
Oct
Jan
70% Jan
National Steel Corp..—
81%
9 3A
16%
Co—————..10
2,600
83%
May
166 %
5
preferred....—No
National Lead
60%
12%
6%
May
3
preferred—.—.—:
Products—No par
Nat Enain & Stamping...—No par
1
National Gypsum Co^———.
Dec
May
'4
Nat Distillers
Nov
8%
13
Oct
12
5'A
Jan
140
5%~Jan
..10
300
60%
12
Apr
5 Hi
14
18% Jan
Co___——...1
Nat Dairy Products——No par
National Dept Stores———No par
12,200
:
16% Nov
7
Oct
3
July 16
176
Jan
19 Hi
Sep
23
15% Jan
162
par
National Cylinder Gas
6%
.
137/B July
8 Vb Jan
':
„10
29%
1,600
par
Register.————No
19%
13
5%
Share
29%
'
5%
&
18%
•
'
26% >
26%
79%
84 ;
5%
7,300
12%
79%
26%
19%
168%
.100
".V 6%
19%
30,
;
6%
—5
National Container——:—--...I
V
8
Corp_
Can Corp
Cash*
1
11'A July
$4.50 conv
144
168
*143
-
60%
12 Hi
84
26
144
18%
60 Hi
79%
'■;
90
"v19
'
84
26
4 *87 %
90
12,600
10
168
•
*29%
:
-
9%
•
20
*167
•
19%
29
19 Hi
'
-6%
•••
*87%
20 ya
19%
.
31
"
10
9%
Bond
8%
:
28 Hi
'
*12%
Nat
Oct
Nov
19Hb Apr
Dec
12 '/a July 14
preferred———
'28Hi
8 Hi
'
'7.''.28%''
7%
100
19
*166
7
29 Vi
13
16Vi May
13 Va May
5% Jan
..10
3Ve July
29
8 % Feb
Biscuit Co-—
Dec
40% Apr
1
...
1:
3Hi Jan
..10
Aviation
National
21%
11'.
7
2
preferred—*
conv
10%
'
■
6 %
Acme
1% Feb
15 V8 Jun
23% Jan
—1
Co——
Nat Automotive Fibres Inc
21%
*166
Louis—.100
2,300
10%
-
St.
2,700
21%
168
6Ha Jan
9%
9»/a
10%
168
&
% Nov 29
par
.—5
National
21%
169%
No
Co
Corp—
14%
14
/ 10%
*10%
Chatt
Nashville
10%
*168
170%
10%
10%
Nash-Kelvinator
21%
9%
21
*166%
1
12%
14%
9%
*% 4
%
::9y4
14
9%
%
7
28
12%
*27%
>
————No par
27
53% Jan
14% Jan
28% Jun
57
Jan
80'A Jun
62
Jan
88
6
10'A Apr
Jan
Neisner Bros Inc————....1
4% % conv serial preferred—..100
par
.100
16
2
9 Hi
Nov
Jan
Oct
May
6%
Jan
Jun
16Hi
Feb
63
Feb
May
70
Feb
2% Mar
4
5
4%
Oct
Oct
9Va
Feb
5 Hi Mar
9%
Dec
11
Jan
17
Dec
25 % Oct
11
106H'4 Mar 31
1
10
70 Vi May
75%
Sep
57 3A Sep
17
28
Apr
39 %
Dec
5
104
Mar
110%
Dec
114
Aug
2
37 % Apr
8
10'% Jan
12
19% Oct
25
Newport News Ship & Dry Dock.
12%Dec
1
qa3/0 Nnv
4
3 Vi
45% May
26V8Jan
par
Jan
51
1
No
Jan
146
1
1
preferred—
168
Mar
2
..10
$5 conv
May
129
8
Newport Industries.—...—
Newmont Mining Corp.—
Jan
145-
98% Nov
Jan
Jan
28
19% July 14
743/b Jan
37
Jun
7% May
2% Jan
9Vb Jan
No
Jun
64% July 14
15Hs May 28
Jan
No par
Newberry Co (J J)
5% preferred series A.
178'% July 13
Mar
8
Apr
30 Vi
7%
Apr
11T Jan
15%
Dec
Jan
93 Va
Dec
22 Hi
109 Va
Feb
Jan
Monday, January 10, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
124
NEW YORK STOCK RECORD
Jan. 1
t per
Sales for
NEW YOIWK STOCK
Jan. 7
the Week
EXCHANGE
Jan. 6
Jan. 5
Jan. 4
Jan. 3
Friday
Thursday
Wednesday
Tuesday
S per share
I per share
« per share
36%
36%
37
37
*37
37%
15%
15%
15%
16
16%
16
16%
16%
16%
28,100
19%
19%
20
20
20%
19%
22
21%
21%
2,400
63 %
62%
63%.
64 %
62 %
66 %
65%
67.
62
62
24%
24%
24%
*24%
24%
*24%
400
24%
24%
25
24 Ve
share
12%
12%
*12
13
*11
13
400
15%
•
V
37%
*36 V«
*19
7*f
13
32%
*31
*11%
*30'/a
%
183%
*118%
120%
16%
185
121
121
15,200
53%
*53
53%
100
*52
52%
*52%
52%
8
8%
8%
8%
113%
*113%
113%
*113%
113%
80
18%
18%
18%
18 %
18%
2,400
1,600
Norwalk Tire & Rubber—
7
40%
*39
*13%
13%
"
17%
18 Va
46
46
13%
13%
13%
13%
13%
V
18%
18%
18%
47
47%
473/t
18%
463/4
9%
9%
■•
9%
102%
102%
•/.a 101 %
9%
*8%
*8%
"
193/8
19%
34
*61
64
v
/V
*150%
"
34
*33%
:
:
58
58%
11%
11%
9%
10%
*
>-i
*61
64 ;v.y:
19,600
60
104
*
8%
19%
*150'/a
•
300
.
153
35
64
>
20
*61
/■■:>
6,500
;
300
64
/.'■ ' /
.
58%/:/ :::•■• 58%
preferred A
Oppenheim Collins
8
%
conv
Co
5
par
—
Co——*12.50
Glass
1,600
Owens-Illinois
Pacific Amer Fisheries
2,780
.
Pacific
26% July 23
17%
Feb
74% July 24
35
Dec
51
Feb
26
May 22
10%
Jan
157/8
Jan
13
27
5
May
6%
Dec
Apr
16%
Dec
4
:
Dec
21
32% Dec
14
12%
132
Dec
20
60
132
Nov
1
80
Feb
Dec
110
May
109
Feb
Dec
54
Jan
%
18
23%
1% Mar
3
%
Jan
%
26% May
7
19
v
Jun
30%
Jan
July
9
15% Apr
23%
Dec
Dec
54
38
192% July 14
143
Mar
4
108
Mar
122
Jan
Nov
,
39
Apr
Jun
39
14% Apr
9
56
11%
Nov
52% Jan
:
:
Jan
8%
Nov
53
Apr
%
Dec
Jan
14
Apr
96
4%
18% May
Jan
77
Jan
7 100
Apr
110%
8
116% July
Apr
17%
Apr 7
38
23% July
31%
41% Aug 18
Sep
Dec
Mar
3%
Dec
July 22
6
45
1
Jan
7
20
Feb
34
Oct
Sep
10%
Jan
Apr
7%
14% Oct 28
2%
,
Jan
Jan
79
Jan
Apr
4%
Jun
11% Mar
7
2
154
Dec
6%
59'
7
21% Jun
Dec
30%
Jan
17
July 2
Dec 31
Dec 9
10% Jun
12%
Jan
6% Apr
July 19
2
'
Jan
-116% Sep
785%
Dec
101
Oct
192
v
6% Mar
V 18% July 21
56'A Jun\ 4
Jan
3% Jan
100
preferred—.
Outboard Marine & Mfg——,
12%
Jun
15% Jan 8
142
Jan 5
28'A Jan 15
46
Jan 22
54% Jan 12
No par
Otis Elevator—
Jun
29% Jan
par
(The)———6
—100
No par
Omnibus Corp
2,200
■
No
Equipment
Farm
Oliver
Oct
6%
11 %
May
11% Jan 13 7 21%
6
50%
3% Jan 2
10%
69
Jan 2
105
No par
Ohio Oil Co
Outlet
58%"-.:
No par
50
2.50
—-
—
Norwich Pharmacal Co„
6%
36
58
<
58%
8%
'
35
*34 Vb
35
2,000
"
153 •//•/•
150 Va
12,600
A
••
9%,
*101%
20'/a
19%
20
58
58%
10%
58
9%
9%
153
>: '61 '
64
*61
.
193/4
19%
<
104%:);
*101%
-i
9%
9%
•
152%
*150.
34
*323/4
9%
19%
•
152 Va
*150
104
*102
102
47 %
:
9%
S%
700
18%v/
18 3/8
•
93/4
9%
9%
Preferred
13%
47"
9%
■'/
13%
Telegraph——50
Northwestern
4%
40 y4
47
18 5 8
18%
47
-,•••■•..
4%
*39
40%
13%
*39
16,300
40
*39
4%
4%
4%
4%
40
*39
40
*39
'
40%
10
u
101
*100
101
*100
16,600
Feb
5
20
Jan
Jan
7 8
Nov 29
91% Jan 6
*2
7% Jan
2
107
Jan
19
15% Jan
6
36
Jan
x3% Jan 14
31 ' Jan 15
. 8% Jan
6
6%
5%%
'
18%
4 V4
4 %
*39
14%
14
40
*39
4%
40%
13%
101
*113
113
9%
49%
48%
-
10
13%
9
lfif'A
non-cum
North American Co
Highest
32%
23% May
44% May 29
2
12
27
162% Jan
pfd—__100
Adjust 4%
13%
8%
%
13%
112%
18'A
16%
16%
RO
10% non-cum preferred
—50
N Y Lack & West Ry Co———100
tN Y Ontario & Western
100
N Y Shipbldg Corp part stk
1
Noblitt-Sparks Industries—
5
Norfolk & Western. Ry———100
Harlem RR Co
N Y &
'
$ per share
t per share
t per share
4
2
7
22
6
ft Jan
4
12% Nov 30
23
Jan 5
preferred series
—50
preferred series
50
North American Aviation
1
Northern Central Ry Co—
50
Northern Pacific Ry——
100
Northern States Pow $5 pfd-No par
Northwest Air Lines
No par
*100 Va
100
312%
40
*4 Va
*39
16%
*53
52%
13%
18%
*39
16%
53%
13%
113
113
*18
16%
16%
*52
8%
100
137/b
xl3%
160
*52%
8%
101%
*100
350
121%
*120%
53%
17
*52
8%
700
36%
186
185%
185%
120
*52%
8'A
200
5,500
36
35%
7 '35 7
186
120
16%
53%
52%
%
14%
52%
16%
53%
*51%
34%
185%
120%
*118%
470
%
15
14%
•
10% Jan
11
Jan
31% Jan
14% Jan
6% Jan
16% Jan
63% Jan
101
Jan
28% Jan
preferred series A
:—100
N Y City Omnibus Corp—No par
New York DockNo par
$5 non-cum preferred-—-No par
14%
%
.*%
■
77.%'
j
27 % Jan
Year 1942
Lowest
Highest
t per share
6%
~40
;
•
„
100
Co
N Y Chic & St. Louis
'
53
53
53%
186
184
184
%
130%
York Central
New
*123
53%
15%
34%
33%
33%
34'A
*33%
15
14%
,/•
%
Ik
U
%
14%
*
14%
•
*
14%
"■
54
52
52
52
52 %
52
32%
130%
;
No par
No par
Brake
New York Air
300
.■>' 10.800
*30%
132
*123
*123
*123
*123
V
33%
*130%
132
*130%
130
*31
33%
*31
33%
a
130
130
*126
7
13
*12 %
Vs
7
37
...37
'
.
Par
shart
share
per
■
.
Year 1943
Range for
Lowest
,
■
Shares
f per
I
Range for Previous
STOCKS
PRICES
LOW AND HIGH SALE
Monday
Saturday
17%
Dec
2%
132
Sep 15
143%
Mar
Apr ;
42
Sep
27%
Jun
xl6%
38
Apr > 8
67% Oct 18
64 July 2
48
Dec
Mar
57%
43% Apr
Dec
p
7 io%
10
8%
7
20%
717%
*12%
30%
39%
"
*148
13
13
7;
32
*9
10
77
"
*104
24%
64
64%
61%
1%
1%
1%
1%
30%
31
•
'
7
19
30%
*18%
7
7
7
323A
10
2%
;
45%
45
105 7/a
*104
61
105
'453/8
•7103%
104
7/730%
30%
18%
*183A
7
303/8
30%
30%
.7 *18%
*
18%
:
■f
'
5%
19%
7:'7 18%
55%
54%
9%
9%
2%
2%
10
10%
2%
*36%
40
*36%
17
*16
10 %
23%
7* 22%
*33%
39%
17
*15%
17 7
*4% 7 5%
*10%
55%
*32%
34
28
51%
7*26
5%
10 %
51%
51%
10%
•
33%
10%
7%
7%
7%
8
Peoria
553/4
55%
56
1,100
36
36%
1,800
5%
26%
*26
26%
8
8
2i%
:
22%
213/4
22
49%
49%
49%
90
89%
89%
170
21%
20%
21%
7,500
24%
24%
26 Va
263/a
85
85
21%
21%
49%
49%
49%
49 %
493/4
49%
89%
89%
89%.
89%
88%
88%
*88%
21%
21%
21%
21%
21%
213A
21%
24
24%
24%
24%
V 24%
2 4 3/8
243'a
24%
24%
25%
25
25%
25%
26%
25%
>26%
83%
83%
83%
84
85
85
84
84%
*109 %
111%
*109%
111%
109
109%
*113%
115
*113%
115
45%
*113'?
100
105
46%
45%
109%
*113%
115
46%
101
102
47
45%
.
•
470
4,700
•22,200
7
115
*113%
*12%
13
500
*100%
102
90
47
46%
13
■
46% '
6,900
1,400
10%
10%
10%
*10%
10%
10%
103A
10%
11%
146 Hi
146 Hi
146 Hi
146 Hi
146 Hi
146HJ
146 Hi
146 3A
*23%
24%
23%
24%
23%
24
*102%
120
*23%
24
*23'A
24
*104%
120
*104%
120
5%
5%
5%
65
64'A
69
12
*
186
*48%
49
11%
48%
9%
*11
9%
70
69
70
13
13
12%
177
*170
185%
43/4
4%
5
,
/'
89
90
90
7
49
49%
49%
50
51%
52
59%
11%
*165
9%
93/4
934
87%
;
*61%
,62
11%
IVU
' 176
9%
86%
74
74%
74%
74
87 %
18%
18%
18%
19
*73
74
18 %
19
•»
11%
93'e
87%
%
114
9%
113/4
11%
'■v.
18%
*19
9%
11%
19
12
26%
*36
37%
36
56%
56%
56%
563/4
56%
119%
119%
1183/4
118%
13%
13%
13%
133/4
.
*118%
119
13%
88%
13%
89
120
13%
97 %
IO434
104%
114%
114
114%
117
117
117
38
37%
127.
98%
105%
97
.
37%
37%
98
38%
105
89%
99%
106
88%
85 conv
,
& Iron Corp
preferred
50
12,300
'
1,460
.90
IOOV4
2,200
770
114 V8
114 Vs
113%
117
117 Va. 117%
38%
1
550
7
.,.
100
100
—
5
Plymouth Oil Co
Pocahontas
Creek
& Co
class B
-No
110
8,300
conv
conv
.1
—5
50
1st preferred
5%
2d preferred
Gamble
Procter
5%
&
pfd
tser
$5
No
of Feb 1 '29)
Pub Serv Corp of N J
par
No par
-
5%
106 %
114
(The).
Co.
par
100
_..No par
preferred
No par
100
100
8% preferred
—;
;
100
Pub Ser El & Gas pfd $5—No par
6%
preferred
1%
preferred
Pullman Inc
—
*
No par
Jan
Jan
9% Feb
168% Nov 3
Jan 21
Jan
4
4% Jan 13
59% Jan
5
24
Jan 13
56
Dec
8
7% Jan
2
150% Jan
4
13A Jan
8
29
Jan 30
20
Jan 28
14 % Jan
2
18
Jan 18
4
Jan
7
63/8 Jan
6
6% Jan 14
24y/4 Jan
4
48% Jan
4
114% Apr
7
lP/o.Jan
6
175
4
100 '
Pressed Steel Car Co Inc
2,900
5
59
No par
—100
—100
pfd__100
Jan
3% Feb
34'A Jan
1st ser conv pr pfd—100
Young & Ash Ry 1%
Poor
100
102
No par
Pittsburgh & West Va
Pond
4
8
8
6
25
14
4
Ry„_„_10Q
100
class B
preferred class A
preferred
'
18
1
preferred
Pittston
Jan
18% Jan
No par
Pittsburgh Forgings Co
5%%
70
No par
preferred
99%
373/4
preferred-
B
104 Va
117
38%
6%
A
12
'
38
100
Pittsburgh Coal of Pa
Pitts Coke
73/4 Feb 17
_25
100
100
100
—
Class
■
89 %
89%
973/8
104 %
!■
Preferred
Fillsbury Flour Mills
Pitts C C & St Louis Ry Co—
6,200
36
56%
Phillips Petroleum
Pnoenix Hosiery—
1,000
11%
*11%
56%
79% Jan
5
42% Nov
9
3% Jan 16
Class
600
.
9%
12%
*11%
No par
100
No par
5
Phillips Jones Corp
7 %
preferred
70
•
:7
;
37
1
104% Nov 29
109% Jan
7
410
7.7
19 %
11%
12
series—100
6%
3,100
■
*35
*116
117
9%
9%
113%
113%
page
18%
19%
series
4V2%
7%
.;
.
*11%
88
.
104%
37%
76
4%%
Pitts
11%
13%
13%
104%
*116
'19%
87
*73
24% Oct 28
7 133/4 Jan 14
71
Feb 20
—100
i.
Pittsburgh Steel Co
1,800
"/'-'
10
*86 Va
Corp
Preferred
140
230
11%
119
120
86
"
9%
88
10%
No par
3
—10
preference com—
Philip Morris & Co Ltd——
3,340
,
56%
.
56%
97
96
9%
12-
*34%
*34%
13%
*19
P3
*19
,
7
176
11%
11%
37
*118%
93/8
■
*11%
11%
*11
56%
19%-
*19
93/b
co
*165
75
9%
•'
87%
11%
11%,
$1
Philco
Nov 30
37
Jan
4
68% Jan
2
183/4 Aug 23
No par
com
preferred.Pitts Screw .& Bolt
63
62%
62 '/a
176
*165
8%
8%
Electric Co.
Phila
5,600
54%
7%
20
Corp—
25
Philadelphia Co 6% preferred-—_50
$6 preferred—
——No par
4,300
9
89
5
par
Phelps-Dodge
1%
'-•.•7;7
4%
4%
5
8
85
23
Feb 20
6% Jan 4
5% Jan 12
No par
No
Co—
Pitts Ft Wayne & Chic
.
8
•
430
1,500
185%
*183%
,
>
85
73/4
11%
86
19%
177
*170
177
*183%
43/4
7:
13
185%
74
*8%
7%
1,900
*69
'
*19
1,600
7%
*183%
176
*AO9
88
*86
63%
73/8
*170
59%
*58
11%
173
13%
700
•
63%
85
7%
*83
59%
*58
*165
170
43/,
7 Va
70
12%
5%
5%.
5%..
1,360
2,600
64%
185%
*183%
4%
7%
120
177
177
*183%
82 Va
69%
3/8
64%
7%
7%
12%
*170
4%
*5
5%
64
69%
11%
82 Va
64
*104%
120
7%
*67
*7'/a
5%
5%
7%
69
12
*104%
.
65
63%
7%
*7%
,•
:
Corp of America
Brewing
9
Preferred
140
145 Hi
10
146%
1,000
.
109
*107%
115
19,600
101
*12%
*12%
13
12%
*102
Pfeiffer
7%
21%
11%
3,600
8'A
Petroleum
7%
49%
109%
6,100
9%
9
l3/4 Feb
100
100
100
-
.,
Jan 4
Jan 6
Jun 18
Jan
2
Feb 9
Jan 9
28% Jan 6
5Ve Jan 6
34% Feb 18
19
Jan 27
1
Pet Milk Co.-
./;
28
*26%
•.■•■•■
9
9
33%
13%
108%
7 23 %
7 17%
463/8
—100
Co
Ry
prior preferred
preferred
5%
35%
22%
104
1,900
11%
Eastern
&
Pepsi-Cola Co
Pere Marquette Ry Co
55
22
see
300
200
5% preferred
Pennsylvania RR
34
9
par
No par
No par
$7 conv pref ser A
55 3/3
8%
8%
No
Cement
Penn-Dixie
34%
7%
8%
No par
1
10
Corp
Coke Corp
&
10.500
•
8%
Coal
Penn
55%
*26
28
8%
Penney (J C) Co—
Penn-Central Airlines
52
11
11
No par
10
No par
-
7 6
56%
513/a
52%
Ford
Penick &
700
'■
23
/ *5
Jan
7
Jan
7
Jan
5
Nov
8
Dec 11
Jan 11
14
Oct 13
3% Jan
6
l3/4 Jan
6
27%
16
1%
16%
51%
80
2.50
Parker Rust Proof Co__
100
50
Peoples Drug Stores Inc—
5
Peoples G L & Coke (Chic) —100
56
'
2
No par
& CO-.-
Davis
Parke
33%
">
54%
54%
5'A
5%
_30
17,100
27 %
*22'A
56%
*4 3A
10%:"
*33
233/8
56%
1 Va Jan
—1
10
No par
Pan American Airways Corp
5
Pan-Amer Petrol & Transp
5
Panhandle East P L 5.60% ,pfd_100
Panhandle Prod. & Ref.——
1
Paraffine Cos Inc_—
No par
4% conv preferred
100
Paramount Pictures Inc
1
Park &, Tilford Inc_
1
Park Utah Consolidated Mines—1
Packard Motor Car—.
Penn G1 Sand Corp
■
111%'
111%
113
'23%
23%
51%
17
600
40
26 3A
56%
7
39%
*15%
27'A
26%
55
*54%
*111%
27%
'7 23%
23%
10%
38'A
700
2%
*2%
2%
26%'
26%
50%
11,700
2%
56%
26%
••
10
*111
*111
5%
2,600
10%
2%
*16
26%
55
14%
38%
17
56%
97%
ic
2%
40
*16
10%
2,000
96%
7 14%
7
z
Corp—;
Parmelee Transportation
200
14%
97
%
preferred
Pacific Western Oil
15
5
4
2
25
28
2
4
2
20
16
2
2
12
22
12
22
Patino Mines & Enterprises—
54%
5
23'A Jan 5
14% Jan 13
Mar
23%" Jan
7 33
Jan
i 19
Jan
7- 91% Jan
147
Dec
3% Jan
9
Jan
2% Jan
23 Va Jan
7% Jan
105% Jan
.77. 2
Jan
35% Jan
100
Jan
15% Jan
17% Jan
par
Pacific Tin Consol'd Corp
7,100
18%,
*54%
14
51%
3,300
13% July
13% Apr
10
100
100
2,400
5 % :•
5%
18%
55%
*2'A
footnotes
•
4%
19%
9 %
For
•
4%
v 96
45%
■
7- 100
19
*54%
14%
11%
1,900
.19%
9 7'A
102
*
4%
14%
7:21
71,600
63
55%
96
7 *25
GO
22,700
24%
30 %
*1%
14%
10%
200
1%
' i% 71%
95%
50%
1,900
45
1%
7.
19
TV
;••:.• 3
3
7%
60%
14%
-f.
'7.100
•
60
'7/24%
95%
«5
S%
110:
,i5>; 60%
96
f
11,700
32%
*9%
110
60%
14%
*55
18,700
/
243/a -•24%
24%
60 %
!
95%
*22%
600
32
.
2%
45 7?
2%
14%
v
!T 5,700
No
Pacific Telep & Teleg—
6%
43/a
133/e
3% 7 4
"
25%
Mills
149
19%
*4%
*111
Pacific
4%
110
19
19
18%
54%
Pacific
13%
4
*9%
Pacific
1,400
80
*54%
4%
4%
18%
54%
9,500
•>'2,000
118%
2
5
771st preferred non-cum—-No par y
2nd preferred non-cum—-Wo par
(Cal)—-—10
Gas & Electric———-25
Lighting Corp—
No par
41%:.
*148
7% Jan
7 6 % Jan
8
10
Inc
Co
Coast
Pacific Finance Corp
7
25%
45/8
f~32
30%
*18%
30%
118
*109%
24%
•;
v
64 %
16
41%
13
3%
9%
110
2%
*45
105%
23%
24
23%
149
4%
13
7-
12 ri/4
-
7
45
*104
105%
*104
*109%
3
*43%
43%
*148
323/4
9'A
1
110%
*2% '
2%
2%
10
*9%
?•■■■■
118
:
4-"7
32%
32%
'
*103%
118
4%
390
3,790
*
253/4
40%
•7.25%
13%
3%
30%
•
46%
21
30%
*
26
149
4%
10%'
19%
7
16
40 3A
"
26
*13
3%
31%
31%
7 110%. 110%
40%
*148
7"'
4%
9%
44
20%
'30%
30%
7:
19%:
7*12%
119
14
3%
3%
3%
4%
*12%
16
40%
148%
7
4%
•7
20%
11%
7
44
43%
•
30%
118
4%
46
118
*117
148%
*148
9%
26
118
7117
9%
*12%
26
26
26%
26%
10%
11%
11%
19%
130%,. 30%
140 •v 40%
31 7
39%
7
16
*12%
16
11%
*44%
7
21
19%
11%
9%
7
48%
46
48
44
,
11%
••■'
75% Jan 20
85% Jan
2
96% Jan
4
108% Nov 30
113% Nov 18
263/4 Jan
2
8% Jan
6% Mar
6
6%
Oct
'/a
Apr
: >
Apr
253/8
9%
Apr
16
Oct
7
Jan
21
Nov
20
15%
Apr
24%
Nov
7 45 Va July 20
22%
Apr
34
Nov
28% May 24
29
4
July 23
25 V3 May 20
16
551
16% Jan
31% Dec
20
1
-
Oct
133/4
Jan
19
Oct
119% Sep
9
74
Apr
101
Jan
Oct
11
121
Apr
148% Nov
160
1% Mar
43% July
11% Oct
7
Oct
27
Dec
Dec
8%
Jan
106 Va
Dec
Jan
2%
2
Dec
101
Nov
July 10
113A
14%
Oct
2 3/4 Apr
8
1 Va
Jan
May 20
19Va
17% Oct
Apr
17
Apr
32
22
/
Jan
17
2Va Jan
29%
13% Aug
6% May 22
ft Mar
19 % May
Oct
38
20%
90
Apr
Mar
4
July
Oct
Sep
723A Dec
30
Nov
1
6%
July 12
45% Dec
106
3
101
113% July 26
4
9
Jan
113/4 Apr
7
Jan
1%
8
Apr
4
5%
6% May 10
17% July 15
5
'
Dec
17% Mar
1%
Nov
May
6
133/8
Jan
29%
Oct
60% Mar
4
44
Apr
60
Dec
56% May
82
29
100% Sep
20
20%July
,
Dec
8
4
Sep
Jan
2
Jan
29
32
Jun
44
Jan
173/4 Mar 26
V 11
May
15
Aug
18
104
May
108%
Feb
9% Oct
1%
14
45
113
Jun
Dec
Apr
1%
7; 33/, Mar 26
18%
32% Apr
61% July 14
25%
Nov
23 V8
Jan
36
20
Jan
16% July
5
24 % Sep
Apr
47%
Dec
Jan
2%
%
7% Sep
27
593/8 July 23
16 Va May 18
153% Mar
58 Va May 20
413A May 20
26% May
19%
30
Oct
Dec
Jun
7%
36
Apr
51%
Feb
18
May
29%
Jan
4
.
Jan
Jun
27%
Jan
10 Ve July 19
4
Apr
6 Vs
Dec
28
5
Mar
6
Jan
29% Mar 29
22
Dec
32%
Jan
Jan
8% Jun
8
x51% Sep
30
28%
Apr
40 Va
91 % Sep
30
49
Apr
763/4
Jan
Dec
23
Jun
*14%
Dec
22
23
26'A Jun
1
25% Sep
90'A Jun
113
3
July 30
4
1173/4 Jun
14
July
1
July
7%
55%
79
Apr
98
103
Dec
107% Mar
May
Jun
110
9
6% May
Nov
Jan
3
65
May
80
Uct
26
10% Dec 24
30
Apr
46
Dec
31
7
8
43
7% May 20
3
100
50
Apr
146 Hi Dec
26
102
May
Jan
68% Dec
9
27
Mar 30
77% Jun
5
153% May
7
l3/4
3%
Feb
65
May
Dec
Nov
26%
Jan
19%
Oct
May
15 Va
4%
Sep
38%
Apr
563/4
68
Apr
Jan
103/4
Dec
7%
Oct
6% Jan
43/8 July
Nov
170
Jan
9
165
Feb
165
Feb
182
Aug 31
7
165
May
175
Feb
G% Jun
10% May 11
90
July
8
33/4
4
52% May 12
Mar 31
58
75
16% Mar 29
168
Nov
17
103/4 Dec
6Va
153
Jan
Apr
62
Oct
Jun
33%
Jan
70
Feb
Jun
Jun
July
v
10%
153
Jan
July
17
Dec
21
74% Dec
.
Jan
6%
May
47 Va
20
5%
Dec
22
92
213A July 16
HVs
Jun
14%
5
15%
23% Apr
13
Jun
1
13-% May 29
Jan
Jun
18%
Oct
3% May
5%
Jan
5%
Jun
8 Va
Jan
Jun
4
6 Va
July
83/4
Jan
40% Jun
3
17
22 Va
Jun
29 %
Jan
42
Feb
523/4
115
Feb
;. 9%
Jun
14 %
Jan
62
Mar
86%
Jan
Mar
13
58
Sep
13
17% Apr
5
96'A Oct
5
123
Feb
122
Oct
Oct
107 '/a July 20
73%
x99 Va
Jan
114'A July 20
79% Mar
AH
Jan
129% July 15
99 !
Mar
123
Jan
Aug 18
111% Mar
116
Oct
1
203A July
122
40 Va July
28% Nov
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4245
159
NEW YORK STOCK
LOW
Jan. 1
$ per
Jan. 3
/
Jan. 4.,:
.
f
/ I per share
pliare
per
16%
16%
16%
1111/?
*109%
*101%
103 >/2
1031/a
20%
—
16%
20%
*20%
20%
13%
13%
13%
13%
111
109%
109%
104%
104%
20%
104Va
2Ci%
*13%
13%
/"/■ 13%
,
■; ■
103 '/a
104%
.
21
13%
•
*109
NEW
YORK
Pure Oil
11,500
110
(The)
7:7/ loo
6%
300
5%
conv
20 'A
.1,900
13%
300
*13%
preferred—
Bakeries Corp.—
Purity
i per share
Jan
14
per share
19% July 19
7
Hlsrhest
$ per share
No
Quaker State Oil Ref Corp—
Apr
11%
Dec
100
preferred
105%
20
II
Lowest
104% Feb
3
114% July 22
90% May
106%
Dec
100
__
*104
I per share
No par
Year 1942
Highest
92 % Jan
2
80%
par
13% Jan
2
107% July 23
22% Nov
5
10
10% Jan
4
15
92%
Dec
9% Mar
14 7%
Nov
8% Mar
July 26
Jun
10%
Oct
P
S\
9%
9%
10
69 Va
70
9%
2h. '
70%
8%
8%
99 Va
100 V»
I,i
28v4
28%
'S***
13%
13%
13%
13%
13%
*29 V4
29%
29%
29%
*29 Va
15%
15%
V
•
.
^2
22
9%
69%
2
22'.' 2
22''
.2
,
m.2.
v
V
'
9 V4
70
70
'
10 Va
9%
9%
8%
8%
100%
100 %
101
*28
,28%
28 %
13%
:13%
13%
30
29%
29%
16
16%
16 V*
•
*27% '28%
9Va
10
70
70
70
8%
99%
■/•..//
51,800
70%
,■
8%
9 ■■■■.
8%
100%
100%
99 Va
100 Va
28
V*
/Radio Corp of Amer
No par
$3.50 conv 1st preferred—No par
1,300
,
8%
>
!
2-~-:-
/
6%
300
r
'22^,2
<
-••'•V-i'.V*"-
■•••/
22'
7
*31 Va
15%
34
15%
/ 16
33%
34
*33
13%
*32
28
*26%
400
16%
•
v:
■
;/
*25Va
!////'■
;V'
'
>•'22
%
.
*26 Va
28
v.
VV..V
6%
6%
6Va
28
•
6%
6%
;
*80
■■,
"22-
27%
27%
90
/ ;s
54%
54
58%
60%
*12
12%
*12
12%
*12%
12%
*12%
12%
*18 %
19%
*18 %
19%
*18%
18%
*18%
18%
15%
15%
15%
15%
15%
15%
87%
*85%
87%
86
86
71%
•71,';." 7!
70%
71 Va
9Va
17%
,
•'./ V"
15 Va
V ''
'W*'"
*
K86%
72%
71
8%
■
8%
/'
,„
16%
87
87
'A i
:
•
6%
6%
83%
*61%
63
63
10%
II:.
7%
10
*81
85
;:
17%
102
:, 88
'• /
88%
7%
7%
63%
10%
u
10%
:v 87 %
87%
9%
•
>•/.'
'
•
7%
V
*85%
65
,
100
10%
*86 Va
£.}[
88
87%
28
V
U-y
8%
8%
•»;
'•
39
13
:
'•;
.
87%
'2
•
13
6%
■
18%
y'2—:;
.
19
9%
,
29%/
28%
*36
39
13 :;■/.
9%
11
11 yy
87%
86%
,110
6%
19
19
19
*18%
26%
25%
25%
14%
14%
14%
14%
47%
46
46
22; •1 y;
„2;
:\2'2.2
,
'
'7'
,
>
•V
%:••-';
%
*3%
>5%
'■
5
.,•
%
■
'46
30%
Va
,
•7
7/
4%
*6
7
46
717
*4%
5%
4%
7
7
>
/
22/2 2 222.:
~
/
•"
40%
2-+
'•
'
22-:': '-■'.'■■'2**. 'K-i
89
16%
17
-
'7
?
,22''\/'
'
*48 Va
26%
•'•
,
26%
+.2
25%
25%
10%
38%
7
;~22-'.
22*''■
2
,
2:
7"
'*-
..
"**
.
2J.
<
■$,2
v:' 22-
.
7"'"
'
22
;
;
yy
22"'r*
17%
7V 31%
31%
r 07
*31
32
31
31
24%
25 7/777
25
25
25
25
12 V4
12%
12%
12%
12%
3%-
,
*28
23%
7
*14
I
24
;
3%
3%
*28
/:■;.
29
29
*141
'7
%
23%
> 14%
/'.v;
7
14%
28%
28%
141
23%
24
28%
141
*141
24 Va
*14
24 7
77
77
14 7/
24%
24%
24%
21
21%
21%
14%
40%
41
41%
42
41%
42
: 55
*53%
55
*53%
55
*5
4V4 '7 4'%
4%
775%
29%
26%
5%
55
26%
*37
*50,.
38
Z7 ':"
5%
55
29%
26%
7
26%
x38
38%
*56%
4%
*5%
7.-
29%
59
77
59
*52
4%
4%
5%
4%
26%
5,700
.
10
31
26%
>6,600
4% ■
5% 7;
5%
200
57
7/7;
30%
31
..yy ;> /
7
27%
*37
38%
*57%
;
59
4%
*52 .7
57
30%
27%
38%
77
5% 7 77/
*5%
*52
30%
38%
*57%
43% 7
54. .7 ; -
59
-
27%:.-.
26%
*37
38 Va
7/ *57%
59
900
6,800
300
-
6 Va
6 Va
6%
6%
6%
9,100
54%
54%
54%
54%,-
54
Va
54%
54%
55
54
54%
460
35%
35%
35%
35%
37%
37%
*36%
37
37
37%
600
*111%
111%
*111 v4
111%
*111%
111%
*111%
111%
10
*59
■59%
60
61
61
61%
600
114%
114
114
*113
114%
20
—w,;.
6
6% 7
6%
6%
6%
'
[22--.yj
.
22
:
*59
•
*113 Va
114%
110
-
2*
I—
:'r:';7
*59
114%
*114
1C9 Va
109 Va
*108%
29%
111
*110
60
*113 %
110
29%
''
:7
61
29%
*110
i*
fa
29%
111
29%
111
:'v%
2%
2%
2%
35%
35%
35%
41%
421/4
42
37%
37%
2%
109%
P"
108%
30%
111
111%
108%
30
30%
*109%
%
112
%
111%
109 7
fa
14
421/4
May
Dec
y/.;
100
No
par
8% Jan
7
8
No par
31%'Jan
4
57
Oct
17% Jan
14
29
Jun
-5
5
5
Apr
No par
16 y8 Jan
2
28
21
2
No par
No par
Oil
Corp
15
—
Jan
6% >
6%
25
7.50
20% Jan
21 Ve Jan
15% Jan
35% Jan
42 Va Jan
12
No par
Spear & Co
1
$5.5 J preferred
No par
Spencer Kellogg & Sons
No par
Sperry Corp (The)
1
Spicer M€g Co
No par
$3 conv preferred A
No pur
Spiegel Inc
■—2
——2
Conv $4.50 preferred——No par
Square D Co..—————
-1
5 % conv preferred
100
Squibb (E R) & Sons——No par
$5 pref series A
No par
$4.25 preferred ;
No par
Standard Brands, Inc
No par
2% Jan
6
tr
Sparks Withington
—No par
—No par
65%
12 Va
11%
121/a
12%
12%
12
10
10%
ioy8
10%
10 y4
15%
16
15%
15%
*15%
11%
97/a
9%
*15%
16
9%
*15%
8Va
8
14%
8
14%
*57 y8
123%
51/4
v
5%
60%
*58
125%
*123
*122
51/4
5%
5%
5%
18%
72
72
20
211/4
30
21%
*29%
*8%
91/8
27%
27%
127.
14%
5%
8%
31
65%
65%
15,700
12%
12%
Starrett Co
2,300
500
8%
8%
8y8
8%
3,900
14%
14%
14%
37,500
58
58%
58%
200
*123
125
123%
40
'
5%
5%
X123
5%
5%
8,700
6%
6 %
6%
4,000
18%
18%
18%
is y3
18%
1,200
*72%
73%
74
74:
21%
21%
2iya
21 Va
5% ;
*29%
8%
8%
27 %
27%
27%
6%
31
9%
27%
6
*29%
*9
27%
..
'■
31
9%
27%
*74
21%
*30
*8%
27%
76
21%
31
9%
27%
700
2,100
100
100
5,500
Stone
&
Webster
Studebaker Corp
Sun Oil Co
—No par
Dec
31%
21%
30
Sep
37
Mar
Sep
20
49
Mar
60
Jan
8% Sep
22
2%
Sep
4Va
Jan
13
29%
Sep
45%
Jan
July 14
116% July 13
27%
108
Jun
38%
Jan
5
Jan
2
7
64
33
Jan
6
42
109
Jan
28
49
Jan
10
70
July 31
112% Nov 17
117
Aug 20
Dec 30
3
...
Swift & Co
25
110
Sep
89% May
110
Nov
29.
Sep
27
7
115% July 30
A Jan
2
2V4 Mar 13
l%Jan
4
5
38% Dec
21
44% Dec
20
6
40
May 8
38% July 14
60
Sep 21
20
Jan
10% Jan
2
4
28
25
Jan
4y4 Jan
2
2
3% Jan
58% Feb
% Apr
6% May
2%
Oct
11%
Jan
Apr
Apr
47
Dec
25%
Apr
40
Nov
5
Dec
34%
Jan
Apr
Jan
62
Dec
14
1
7
July 12
Sep 29
7
Dec 31
6
Sep 29
Oct
7% Apr
6Va
3Va Mar
~4 .■'
3%
43
1
3% May
11% May
17%
27% Nov 19
20
1
2
Jan
8%
Nov
4%
Jan
~6%
Nov
6%
Nov
55%
128
Jan
Dec
18
32% July 23
33
July 24
12% Jun
5
4
Apr
Apr
116% Apr
May 28
20
Dec
30%
May
4% Feb
Jan
Tec
29
Apr
22
14% Jan
13 %
29 %
'
82
2
Oct
Mar
18
23
26 y4 Jan
22% Jan
%
22%
130
2
Ja~n
Sep
42
May
14% Jun
15 Va
4% Nov 30
12% Jan
A
66
63% Mar 30
Apr
Jan
31% Mar 31
10% May
5% Jan
122
45 % May 26
1
Dec 30
xl7
14% Dec
49% Jan
17
6% Mar 13
9% May
Jan
Feb
113
107
9
114
Apr
109 Va Aug
100% Jail
31% Dec
Dec
40 Va
./ 25
5% Jan
Sunshine Mining Co——
10c
Superheater Co (The)——No par
Superior Oil of Calif.:
;
.25
Superior Steel Corp
100
Sutherland Paper Co
—10
Sweets Co of Amer (The)-.,
12%
60
35% Jan
48 Mj Jan
pfd (4%% cum)..,—100
Sunray Oil Corp———.—1
Feb
35% Mar 15
May
1
Class A
3%
44y4 July 24
56
—No par
(The)..
Aug
18
32 y4 Jan
'■
14%
'
Stokely Bros & Co Inc
1
5%
prior preferred———20
1% Nov
Oct
3
23% Nov 30
5% Nov 29
12,400
16
Apr
Nov
58% July 30
7Va Jan 12
10%
1%
July
1
Stewart-Warner
50 % Mar
59
—No par
.10
Corp—.
—5
L S
12%
58
5%
Spring
(The)
Sterling Drug Inc.——
60%
125
Standard Steel
Jan
24
Dec
3,000
18%
8%
.
65%
15
'
xl.8%
72
page
8%
14%
5%
is y8
!
%
14%
5%
18 Va
8
*57%
58
123%
9%
16
,65%
Feb
39
34%
Apr
58,100
65%
Nov
18%
Dec
37% Jan
7%;
Jan
18 Va
17 Va
■46'/a Jan
29%
12 Va
Jun
31
25
7>/a
Apr
18
25
*29
9%
12% May
23% Jun
10
11
Standard Oil of Ohio
7%
Nov
Apr
17
Standard Oil of New Jersey.,
29i%
Jan
21 Ve
14%
Dec
15,700
7
Jan
Nov
5
8
*29
26%
144%
17%
6% Sep
12
7%
Jan
Jun
122% Nov
35
28% Jan
29%
Jun
61
28y8Jan
.
2%
15%
Apr
6
25
.
Apr
5
6% Jun 30
Dec
1% Mar
14
4
No par
No par
preferred
5
66
Nov
10 %
Jan
Standard Oil of Calif
7'/8
49% May
,
5
5
Jan
15%
2% Jan
Standard Oil of Indiana.—
$7 cum prior
6
11
20%
Apr
6% Mar
9
21% Jan 26
33
Standard Gas & El Co——No par
$4.50 preferred
Apr
14% Sep
9
ctfs.—100
stk
6
Apr
30ya May
30% Apr
7
2
15% Jan
8
25
10% Jan 13
No par
8,100
*29
30% Sep
2
6
16
149% July
15
9,300
7%
5
10
29 % Dec
2
Jan
132
Railway 7
No par
non-cum preferred—,
100
Southern
Ohio
Oct
1.
11
7,100
65 y4
Nov
30%
16% Jan
&
Dec
Jan
27
.7 2V4 Jan
5%
4%
Apr
1
Mobile
Aug
18%
19%
:;
Co
35
Nov
Dec
,15% July
Natural Gas
Dec
Nov
7%
17
15% July 15
Southern
9%
66
Jan
11% May
20% Aug
25% Jun
37%
291/4
Jun
39 Va July 16
34
6%
2%
2
2
43%
64
30% May
10% Apr
2
33%
*29
Apr
Apr
4% Mar
19
37%
29%
4%
64%
Jan
19
42%
64%
10% Nov'
60
10 Va Jan
Southern Pacific Co..
.
Dec
Apr
Dec
15% Jan
California Edison
11V*
Nov
8
15
10
Southern
62.%
62
par
Corona Typewriter.No
38 Va
64
Dec
3% Mar
24% July 19
23% NOV
34
3,500
5
15% Nov 30
43%
41
43% May
4% Jan
22
22% Aug 16
33%
54%
45% Sep
20
Iron
&
37%
40%
Dec
17 Va
Xl3% July 14
No par
Steel
42%
54%
May 29
27 % Nov
.
10% May 21
11
28% Jan
38
41
113 %
7
43%
54%-
Jan
30
2%'Jan
$6 cum prior preferred—-No par
40%
Dec
20
15
Pen Co
Oil
$4 preferred
54%
39
116
25%
17% July
6
73% July 26
iey4 May 5
73% May 8
10% Jun 11
20
5%.Jan
1,300
lVa
Oct
Apr
109 Va Aug
106% Jan
25
•
13
64% Jan
2,400
41
Dec
98
18% Sep
10 Va Jan
No par
36%
54%
21%
30
No par
2%
rl
Jan
Apr
May
90% Dec
59% Jan 12
No par
pref ser A
(Frank G).
35%
41
Jan
Jan
19%
Apr
7
2%
54%
12%
78
44
110
Dec
33%
u»
Nov
Sep
7% Sep
10
Sep
Dec
1%
37%
1
A
1%
Apr
10%
4
36%
40%
Dec
Jun
*9%
1
Jan
2%
54%
Jan
104
10
33i/4
29
Jan
4% Jun
37%
-
Mar 23
Jan
9
Jan
26% Jun
33
r 32
Jan
34%
May
4
Jan
36%
40'/4
54
Nov
8
9
2%
'541/4
112
Jan
Nov
5
1
16
14
Oct
27%
13%
29%
17
Feb
43
Jan
5%
47%
Jan
2
64
No par
No par
36%
3
17
115/ Feb
■
8% Jan
85%
21%
2
?•.
107% July 24
4
Jan
Feb
16% Jan
5
2%
>■ 42%
105
No par
36%
36
*29
see
36% Dec
Sep
44% Dec
12
111
8
12% Mar 26
15
37%
3i
30
5,600
'...
2,900
40%
40%
*20
430
30%
112
1)4%
-54
72
19% Jan
96 / Jan
32%
32%
For footnotes
109%
30 %
*110%
114
74
23
5% Apr 29
6% Nov 30
"
57
30%
42%
—;
16
47 V* July 24
7
Oct
129% Mar
Nov
Jan
105% Jan
7%
Jan
Nov
Jan
Mar
Jan
86%
9%
A
13
Deo
6%
Ve
5
No par
.No par
Apr
1
7
19
100% Mar
Apr
3% Mar
14
Dec
Nov
5%
7
May
34% May
9
36% Mar 30
24
71%
49
Jan
Greyhound Lines
5
South Porto Rico Sugar..—No par
v
8% preferred
-100
500
23,400
21% "v 7 15,400
54
%
6%
2
Jan
Feb
6%
1
5/8 Dec
Dec
7%
3%
% Jan
35
Deo
31
1% Mar
100
Southeastern
2,900
■
31% Nov
6
SVe Jan
—100
;
Apr
8S2 Jan
5
South Am Gold & Platinum
4,700
3
*20
9% May 8
21% Dec 28
27% Nov 30
100
—.1
conv
Smith &
25
21%
Jan
22
/'.
6% May
Apr
3% Mar
12
July 19
171/4 May 4
2
-
__100
Socony Vacuum Oil Co Inc
10
14
24%
21'/a
.
14%
24%
'
24%
20%
14% Oct
2
May
75%
11% July 13
8
100
—No par
.100
$1.20 preferred
Smith (A O) Corp
400
24 Va
No par
;
Sloss-Sheffield
6,1'\>
149
J
.
Skelly Oil Co—
800
29%
...
pai
Simonds Saw & Steel...
2,500
-
No
Sinclair
23,700
30
54
'•
93% Jun
.
7
Jan
5% Jan
No par
700
3%
7 Va Jan
9
10
200
7/7
12%
3%
9
Silver King Coalition Mines
Simmons Co
200
32
29
12% Sep
(The).
Shell Union
5,400
25%
■
1
Sheaffer (W A)
20
*24%
-
15% July 19
1
2
7% Jan
80
—No par
Steel Corp
$3.50
13,300
17%
31%
20
39% July 21
Sharpe & Dohme
3,800
vi/V
23%
18
Feb
4
Inc
Shattuck
12%
3%.
29
29
149
23%
23%
3% »...'
3%
29 7 7
*53 V4
*57%
■
17%
Feb
70
34% Feb
$5 conv preferred
1,100
26%
*22%
98
59% Nov 29
Dec
41/4 Jun
78% July
7
20
10
Corp
"
29
20 Va
;.
7
.
7:|.
12%
41
y'y1
22
y;22.''?-\:v:
.
42%
6
70
28
32% Jun
Sears Roebuck & Co
900
11%
40%
55
-'
:
11%
39%
23%
>
20%
*28%
.
•
11%
17%
23%
*50
•
•'
22-
25%
11
39
23 V*
29
4% ;7
>.
'.7'V:'77.
mm
25%
11%
41
7.7
•
•'
-.
*25
;
77
39 %
88% Oct
9% Apr
76
Dec
Sep
Nov
70
*
Sharon
:/77
'7
27
11%
*53
!
iy
22r.
22
26%
27
38%
149
14
27 Va
27
Seagrave
400
26%
3%
4
2
Seuboard Oil Co of Del
200
800
50%
3%
73% Jan
25% Jan
$4.50
Servel
.v
257/a
Jun
10
Scott Paper Co
250
9%
*48>/a
Sep
*94%
2
s
3,200
75
*9
13%
101 % May 24
f
2,000
7
25% 7:
3% 7
3%
17%
29
14
50%
25%
23%
*141
23%
-
*48 Va
.
3%
27%
*25%
*73
9%
17%
:
20
■
50%
•
12%
7
76
*23%
29
23%
12%
12 Va
9%
20% July 14
6
:i
5% non-cum preferred
Safeway Stores
7
5% preferred
Savage Arms Corp.
Schenley Distillers Corp
5 y2 % preferred
350
.
Jun
2
Jan
preferred
$4 preferred
Jan
2%
Jan
100
Joseph Lead
6.300
66
38 %
.
95% Jan
No par
Louis-San Francisco
6% non-cum preferred—.
JSt Louis Southwestern.
50
,
14%
65 V2
23%
.
149
*141
7fV'
17 Va
14%
;'/v
12
25 Va y
V
17%
17
7
*23 V*
7-
12%
*28 V4'
2m
•
27
38%
17%
7
3%
j«
...
14%
*73
9%
;
25%
,
:.4
11
38%
12%
*.49
■
•
26%
10%
7.7,; 3% 7 3%
29
7;r:
*28
)■
;'■
—rm
*23%
,
25%
-
12%
7
'122'-,'S'-
2^
26%
31%
30%
'
25
V;i*,2:
}■
26%
23%
23%
22 ;
7
3%
17% 7,
>77; 17%
;
.22''
r22;
48%
25%
3%
38%
"22
.
48%
17 Va
66%
6
100
tfit
7,
400
/• 6,100
89%
88%
14 V4
75
9%
V
90%
27
23
10% Apr
1
500
%.
Oct
74% Dec
28
1
3
93
4
2
Oct
100
22%: 7/
*65%
75
9%
110
...
*2%
4
5% Jan
23%
3%
•;
Jan
Dec
28
77 22,600
May
1%
13
50% Aug
r.
.
20
7 Ve May
*55
Mar
18% Jun
5,700
Nov
5
19% Jun
20
4
St
Feb
Nov
28%
Dec
6
1,800
r.Z
'
15%
23% May
>■
26%
16
7
2,100
-
23% July
11% Apr
Dec
4% Jan
.7
Dec
Apr
100
Co
Co
Dec
6
—
Mfg
12
11
Tob class B
(R J)
Jun
10% Mar
42 Va Jan.
14
Dec
7%
■
6
May
11% Jan
38%
21%
2%
7 16%
14%.
66
>
112
*109%
.7
22
90
12 Va
73
.2 25%
■
11
22'2'^
2
22''
•7
%
•22:u2.:t.
-"'•
iy;
:w-i»
22;'h
3%
Z
V'
■
;
•
:■
.
2M ;
25%
3%
222
•
12%
9%
50%
25%
'2J.
■'■■'iij:
m.2 '
>22 ' v2:y '2'2-
12 %
77 77 73»
109
2%
17%
14
7*65%
38%
*111
-
Jan
22
86% July 27
13% Sep 20
43
30
106%
12
Jan
20
69% Jan
No par
v$2.50 conv preferred.
20
42 %
40%
38%
109
91%
7%
.,
*105
112
*21%
2%
7V4
"
,
4
19% Dec 31
111%
-V
40%
38%
22%
■
.
105
112
109
17
-
7/
39
90
17%
14
64%
9%
9%
7
■
12%
73
*72
,
16%
105
-
5
15%
23
20'/a Jan
-
V
*110V4
7 %
7"; 40
112
2%
.:
63%
■
39%
*38 %
90
7%
106%
*111
111
8
Jan
54»/4
100
Rustless Iron & Steel Corp
4,000
45
44%
Jan
6
1<*V8 Jan
Dec
Jun
Jan
Nov
ttuberoid
800
1,200
/
8 Va
45%
111
7%
7%
39
7:',:
44%
111% 7
::
*104%
'
2%
77 13%
13%
:77
46%
108%
.7 108%
22 7.7
*21%
88%
63%
12%
•
22;;
/
22\-'
108%
v-i:
.
13%
63%
22
2~>. ;
,22
7
,
39%
7 112
*21%
89%
222.
40.
I/Z *2%
2%
22
;
■
7
7.7,
22
*2%
22-'
■
+.2 '■
22
*111
108%
*20%
222
22;
*111
106%
*38%
112
'108
'22'' vCv:
22
39%
♦111
12~>--:^&:
38%
*105
106
39
77
22
■■
L 2: •:
41%
*104%
I*-:
45%
%"
•
T*4-*? '!-
■
45%'
44%:
111% 111%"
111% 111%
7 7%
:.7;7 7
v
7Va
J;A,
22
44%
44%
20
par
Dec
34%
39
80
!
>
7;
4%
7 7
.
'
5
24
8
Ritter
^;.r 7- -2,100
2,100
-Vi \
.7
' %
Jun
6% Dec
14
Company
No par
Roan Antelope Copper Mines
Royal Typewriter.;
1
110
31
*%
•
30
3% Jan
66% Jan
Dec
3%
100
Richfield Oil Corp
46',1
31
77
•
5
2,000
/
19
Nov
5% Jan
Rheem
600
26%
15 ';:%
5
35
5
59%
Apr
2
Aug 24
1
1,800
15
22% May
—No par
Spring
Common
222
.11,100
6V2
6Va
'
32
1
1,100
9%
14
18%
30%
'Z
%
14%
26%:
>
ih y.7 %;.y
.
%
3%
77-7.7/ .:■:
/y
30%
;
y
4
:
47
,
30%
Hh
>T«
%
r
77 *3%
>;7 *5%
7
•
30%
Si
,
/ '; /
:
18%
26%
14%
; 29%
29%
■
3/<"
f,
.
6%
26
*47
%
'%■.
22
*13%
18%
*14
47%
'29%
,
'?$.
/ 9%
25%
14%:,
.:-r'v>47n-:'
13%
9%
*6%
6%
6%
'
*13%
13%
13%
1
6
25
prior pfd ser A
Copper & Brass
Reynolds
Reynolds
6,600
39
9%
•■.•y
-
29%
v
*36
13%
13
9%
14
*13%
,
29
•
39
.2,800
■
26 % Jan
100
Saratoga RR
Inc
7%
preferred—;
5%% preferred
Reynolds Metals Co
5 % % conv preferred...
3,800
9
8%
/
29% •29%
*36
■
13
9%
:/
14
6%
25%
/
.
13
*13
6%
25
'•}■£•
28%
9%
%t
/ 8Va
,
39
13
9% ■/
13
85/a
V
*36
13
9%
•
,"s
8V4
://:■ 28%
28%
*36
■i/it/-
;Vi'-
26
1
conv
Revere
60
'
mni
&
Motors,
6%
'
■
15% Jun
10
Republic Steel Corp.
6% conv preferred
60
'
;
No
Preferred with warrants
Rensselaer
Reo
500
;
-
7
100
(Robt) & Co 1st pfd
Stores Corp
Mfg Co
Remington-Rand
5,900
...
87
11% Jan
100 ;
Reliance
20
89%
7%
11
%
9%
4,000
.
*62
;
r
I
7
1st
Reliable
103
89%
85
65
86
11
87%
:
.
*100
7%
84 Va
*63%
10%
64
17%
'
:-y-
88%
7%
85 y
*83
63
17%
102
102
.88
'
9 %
9
18
102
87%
v
9
17%
17%
6%
*80
8%
102
87%
f
Z;
8%
v*10O
v
.
.
:2'i+:
■
.
71
71
17
102
16
*84%
86%
8Va
17 Va
*100
V
15%
15% '•
*83
72%
*83
29% Jun
22
'
■J. T*;1;3:
2
22% Jan
'~22~
••
Jan
25
Preferred
Rels
!•:
v
21
2
'''
•.
;
,-y
•
30
No par
——
non-cum
3,520
'
101% Dec
.
20
14,400
.
7
•
14% Jan
3,400
58%
59
54 V* Jan
100
;
7 26% Jan
350
9Va
51
■
•
46% Mar
1
50
10
18%
12%
*18%
61
1,800
.
90
2% Mar
2
10% Jun
Jan
preferred——50
4% non-cum 2nd preferred—_50
I Real Silk Hosiery
5
100
.
6%
6%
90
*80
I
6%
V
'
*80
■
■
52%
i>U
'L
1'*2
-..V.
*26
6
^1.
-
50%
22
■22.
2->
27%
.
5%
*80
preferred
4%
'
'22
4
71% Oct
1
preferred
Reading Company
100
.
conv
$2
1,600
.
12% May
2
1
Raybestos Manhattan
Rayonler Inc
2,400
■
33%
16%
*32
33 V*
33%
30
*29"%
.
./f.:
13%
2
4
3% Jan
Radlo-Keith-Orpheum
5,840
28 V4 ,28%
4% Jan
59
,
23,800
-
'
,
Range for Year 1943
Lowest
Par
:
■
Range for Previous
STOCK
EXCHANGE
Shares
16%'
16%
for
the Week
$ per share
16%
20%
*109%
111
share
per
Sales
Jan. 7
16%
16%
;
16'/a
'
■
t
$ per share
share
41109%
".Wi.
STOCKS
Jan. (»
Jan. 5
,/■»
Friday
Thursday
VVednesday
Tuesday
Monday
Saturday
RECORD
SALE PRICES
AND HIGH
125
~57/a
Jan
15 Va
Jan
16%
Dec
26 Va
Dec
7
9 % May
Feb
3Va May
Sep
4% Aug
25
Jan
r i'
Monday, January 10, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
Range for Previous
STOCKS
AND HIGH SALE PRICES
Wednesday
Tuesdtfy
LOW
Monday
6aturdaj
Jan. J
Jan. 1
$
per
share
30%
30%
30%
32
31 Va
31%
31'/4
30 74
30%
3i%
31%
31%
33 V4
31%
6%
6%
6%
'
6
6
6 Vb
6 V's
_
Par
Shares
$ per share
share
$ per
f per snare
$ per share
I per share
Jan. (>
Jan. 5
Jan, 4 \
1,200
Swift International
32
32%
4,000
Sylvania Elec Prod's Inc.
6%'
4%
5%
5
35
15%
15%
4874
5 Va
5%
35,
v
10
18%
> 17%
13%
13
13
13
51
51
51
*12'/a
51
*5%
5%
*5 '/a
7%.
7%
4
*11%
11%
*1174
12
33%
12
33%
*4 Va
33%
34
2
13%
13%
13%
100%
100 Va
100%
13%
*3274
2%
137/a
25 %
25%
25%
2574
26%
26
48
43%
47%
48%
4774
48
18%
8%
8%
i2%:
12%
12%-v
*12%
12%
22
21%
29
287/a
20
*5%
6
22%
2274
30%
29%
2974
9%
51%
5174
'
2,700
360
•
V4 Dec 29
41% July 14
28
5
May
K-10
ft 87a Jan
•
5
18
7 74 Jan
-—.— I
7
13% July 14
6 74 Jan
Jan
5
274 Jan
53% Dec 22
8
July 12
6
95
-ft- 4
Jan
•7
33% Jan
5
10
4
15
2674 Feb
5
34% Dec
par
10
2,400
Jan
2 Va
July
3%
Sep
5%
Jun
9%
Dec
1774 July
27%
Jan
Mar 18
,
10
4
12
15% July 14
8
•4
103% May 26
85
34% Mar 31
22
1%
NoV
Nov
v
; Jun
14
674 Jan
50
i
July
1074
Feb.
Mar
97
Dec
May
34 Va
Jan
43%
Jan
€74
Dec
•31% May
7
10 Va May
-
40% Jan 20
5
Feb
1574
% Ai Mar
8% Jan
Jan
4
■
Jan
>
-
15% Jan 27
25% July
8
774 May
18%
11% Jan
1674 Apr
6
8%
12%.Mar
5
V
174 Jan
69
Jan
4% May
25
7 2 74
5674
71
Jun
Dec
Nov
Nov
7Va Aug
4
5%
Jun
24% July 15
7V«
Jan
16
34% July 14
19%
Jan
26% Nov
9% May
Jan
99
Jan
% Mar
8
May 25
90
„
6% Jan
-1274 Jan
Nov
Oct
101
Oct
13
4% Jan
9% Jun
1
1%
Jan
*6
;Jan
77% Jun
18
21%
Jan
78% Novv
6% Jan
11% Jun
10
67
Co——^.1.
Under Elliott Fisher
Dec
34%
2374 Dec
•
Mar
Jan
9474 Jan
.
ft'
3
474
30
31
26% Jun
Jan
;Jun
52 Va
974 Jan
16
Oct
9%
Apr
July 23
•3
2
174 Jan
2474
42
Jan
374
6% May 24
8 74 Jan
Dec
2 74 May
May 27
2
Dec
8%
Nov
41
4
18
Jan
vft 3
par
Oct
-9% Sep
49
Oct
8%
•
Sep
3474
Dec
3% Nov*
37%
Jan
5
8
42%
Apr
774
8
28
Jan
Corp
2,300
Oct
4%
52
fti-l ft"
Axle—_—
14
12
35
.100
—
July 22
2774 July
16 74 Nov 30
Roller Bearing——-No par
Twin Coach.
974 Jan
Apr
ft 33
par
)Nov
/ Oct
4
Apr
preferred..——.No
1,300
Union Bag &
'
'9.-
874
:
':
7074
-
,
300
''
674
6%
•
-
70
9
874-
9Va
874-
10074
100
-
V €9%
69
69%
.
6 74 '
6
•
6%
68%
100% 7 "
*100
OO
5 VB
-
;
6,200
•
35
Apr
2
—-No par
20th Cen- Fox Film Corp—No par
81.50 pi ••ferred—
No par
$4.50 prior pfd
——-No Par
Twin City,Rapid-Transit____No par
Tfo preferred.*—
100
•
11,400
22%- V
2974
68%
*87/a
9
9
22%
30
30
.preferredTransit Corp...No
Truax-Traer
2,100
Y
77% May
53% July 14
—2
Inc—.—,5
Transue & Williams St'l——No par
Tri-Continental Corp——
1
$6 preferred————No par
30
'
•
9%
13% May 29
Transcont'l & West Air
11,400
v
•
'
89
22747
10074
.6
68%
69'%
*68
ft
100
100
100
#
974
9
874
Apr
Apr
l'/a Mar
—6% July 14
Trar.samerica Corp..
1,400
300
374
3%
*87
88%
*87
v.i-
29%
22
28% '
6
1274
,Y;:
374
374
•7-:
8%
'
12%
■13-
*12%
;
'87
874
»
1974
.
32
8
Co.——
Detroit
Timken
Timken
.-"5,400
8%
a
874
19 3
22%
21%
*99%
37 a
3%
8%
8%
8%
*86
85%
85
86
8%
3%
3%
3%
3%
86
-
2774'
4774
4
3
Apr
2
par
$4.50 conv
1,240
V 8,200
1,600
26 Va
19%
19 Va
1974
4,500
,v
-
4774
•;■;
8%;.
8%
•
8%
19
'
*11%
'
19
;
19
\C
8
•
8%
'•••-
101
26%
48%
600'
24
5% Mar 16
45
2
(J R)
—
No par
Thompson' Products* -----.No par V"
Thompson-Starrett Co.
N(
par
$3.50 cum preferred.ii.—
-10
Tide Water Associated Oil—
]■" 900
'.
14
100%
100%
48%
19
274
9
Thompson
19%
14
13 74
25
8%
400
•:
800
19%
2%
19
100%
100%,"
-'A
1274
34'%
300
Nov
2
par
"ft
Avenue
Third
34
19
1374
13%
100%. 100%
*12
2
19
4%
v.'' r
5%
8% Jun
25
3 74 Jan
preferred.
$3 div conv
45
4%
:
6,800
.
12%
34%
.-'Y'
2
19
">
*43
4%
8
Jan
4174 Jan
.No
...
The Fair
Preferred
Thermoid
Dec
5%
v-'v": 874 Jan
Land TrustCo.
conv
25%
3% Aug
Jan
100
S3.60
1574 Aug
Jan
par -'ft : -ft
60
700
8
8% May 20
3
Thatcher Mfg Co
■720
94
774
45
12
34
34
19%
*18%,
%
19
2
2
2%
*2
*18%
.:
6%
674
: kv.:
8
:
*4 Va
%:Y
4%
51%
51%
*93%
35% July
2
5% Jan
Texas & Pacific Ry
•
.
Nov
8
.
—25
—
Pacific Coal & Oil—j
Texas Pacific
V,.
8,900
n: : ' ■3,400
,' 1,700
6 —
*43
45
*43
13
IOV4
97V
93 Va
774
..V-;
8
774
4%
•.v
4%
4%
93%
*91 Va
45
*43
12
'574
93 Va
7%
7%
45
*42%
57/a
1974
13
7
51%
*50 Va
52%
*5%
93
1874
,
18%
13
13
*50%
5%
93
93
*91%
974
29 74
5
_i_
Sulphur.
Texas Gulf
Texas
6.5UU
1674'
■
i6%
19 74 Mar
35
Producing..—ft'. No-par' A-ft~
Texas Gulf
' V;".V 2,600
34%
34%
•
10%
10V4
18
13
9%
574
(The)
Texas Co
share
22
5
Corp..
Tennessee
2,700
'
18
9%
18
49.%
1674 ''
7 16%
:
17%
9%
9%
*17
300
4%:
49«/2:— — 5,500
1.40O
574 ••''•••"•
-
35
34%
35 Va
■
15% '"I6V4
15%
15%
.5 %'-■
.
"
-!
.
$ per
35% Apr
50
...:,9
———-
partic preferred
Telautograph Corp——
$ per share
8
227a Feb
,
Highest
Lowest
Y
S per share
share
47a Jan
5%%
20
11% bll%
"
par
III,
T
Talcott Inc (James)
200
•
,'••43
4%
V
49%
5%
35
•34%
34%
4%
11%
49%
v-V:-
:7
-
:■
*41
1174<
1174
49 V4
5
5
iY,' -7
'
11
49 %
48%
48%
48 %
v,
474
;Y-:
43'
*41
43
*474
11
11
11
7'
*674
-7
*41
4%
ft.'? 4 74
-4%
:
11
' .:
7
•
42 %
*40%
42
42
7
*6%
7%
-No
Gould Corp——
Symington
-5,400
•
6%
'
*6%
Ltd
30%
6%
Highest
27 74 Nov
30%
.31
32% '
per
Year 1012
•
Range for Year 1043
Lowest
EXCHANGE
the Week
Jan. 7
STOCK
NEW YORK
for
Sales
Friday
Thursday
Nov
7% Nov
5 Va May
U
*113%
*112
*113% 115
112%
*111%
*
115
112%
19 Va
19 Va
93%
94 %
19 V8
19 Va
112
94%
9474
9474
9474
ft
94%
93 '/a
93 Va
*93
9474
27
27 Vs
27 74
■
*27%
27%
27%
27%-
27
2774
27%
28 V
'
28.74
29%
283%
2974
10374
104%
103%
104
2474
24%
24%
25
102 3A
102% •■■':■:
*101%
ft
21
Va
*112%
115%
.'*112%
V
21
*20%
*112%
115 Va
63*74
6374
*64
66%
64%
22
*22
23
23
23
174
1%
3374
34%
3374
-
''-ft
1374
1374-
9574 7--
95%
'*
,
274
29 74
9974
99%::-
974
*74
4%
474
974
9Va
974
9% ft'
9974
*167
170
15%
16%
16
73
74
75
75
170
*167
170
*167
V
"•V
9
*8%
36%"
36
.,36
*4%
*4%
5%
16%
16%
16 Va
6VV
6%
6V8
31%
40%
1%
1%
ft
131
131
56
71
'ft
5074
51 %
23
23
45
274
*2%.
274
2%
'.'ft'
1474
75
147a
374
ft'ftft
*3074
•■
71
71
*166%
18%
974
974
37
*40
*6074
.
118
ft.".:
*45%
47%
*45%
3
3
3
2%
3
3
2%
2%
27«
*71%
'ft
15%
37
.'."ft
71
.
*40
*6074
—
2174
*21%
474
--
65%
*2174
—
*60
474
474
5274
•
5274
5274
117
*115
40%
*115
4074
34%
—
—
40%
*3974
34%
110
*102
--
40
*143
*3478
18%
*974
934
600
7174
*36%
43
*40
43 " ft ft'
"41%
4174
63%
*6074
63
*6074
63%
67
*62
67
*62
2174
*21%
21%
474
4 74
4%
54
5374
11774
11574
40%
*39%
55 %
115%
'ft
*3974
*3474-
102
*102
*143
—
*143
'ft
2174
21%
200
4%
4%
4,700
5474
116
116
a
5474
115%
130
4174
*3974
4174
397a
*39
3974
343i
3474
3474
*3474
35
*103
108
—
^
■
'
*108
.
*103
,
———i-—_-No
preferred
108
200
Iron
■-
-
10
Co.'—,
pfd
^
preferred.
;
Vulcan Detinning Co——
1674 Oct
4
574 Apr
6
13% May
2
99% Dec 23
8
19
974" Jan
,
Preferred
181% Apr
Apr
4Va
Apr
May
Feb
11%
Jan
64
40 % May
159
Dec
87
6% May
17
Feb
574
•
Dec
174%
Dec
6%
Jan
574 Jan
17
1074 Oct
29
4%
Apr
17
44% Nov
1
3474
Jan
41-
Sep
30
Jan
4
x423,4 July 14
24 Va
Apr
•34%
Jan
4
Jan
8
7% Apr 26
197/8 Afir
8
274
Apr
7
Jan
99
Jan
;
1374 Jan
100
1
108
Jan
4% Nov
6
16
974 Jun
2974 Jan
13
42
Jan
15
44 Va Jun
Jan
2
2574 Jan
5
Jan
8
July
4
62
1 May
13
74
Nov
47% Jan
8
125
1% Jan
5
56
5
6
Oct
74 May
74
4
Oct
27
75% July
165% Nov
12
Dec
41
7.
27
July
12
■
7 May
142
14%
Jan
71
; •
Jan
•5674
Jan
11974
Jan
24
Jan
46%
Jan
174 Oct
:
1
Oot
€0%
Dec
Apr
3474 May
2574 July 15
:4
Dec
51%
■i 39% Mar
2
674 July 2
40 V* July 16
16
27%
103%
Apr
20% July
,5974 Jan 15.
1574 Jan
Jun
3
274 Nov 17
13
Jan
74 May
15%
88
3074 Nov
150
Apr
44
'
Jan 23
13% Dec
•'
58
3% July 19
6
% Jan
-
7
1
107%
Apr
50% Aug
4274 Jan
Mar
July 19
29
74 Nov 18
4
20
Mar
37% Apr
5974 July 15
7
Jan
Dec
1
-
1374 May
54
Dec
30% Aug
3274
Apr
% Aug
20
Dec 29
Jan
112
'20
46% Sep
130
29 Va
May
2674 May
9
2
3% May 10
6474 Jan
*46
Oct
Jun
114
22
3774 May 25
101
1474
10
13
32
4% July
874 July 19
8
Aug 23
9
7
114 Oct
'2974 Jan
par
100
—
2%
77%
July 13
7574 Oct 20
Dec 15
par
25
25
.100
6
4
•
39% Jun
par
100
Feb
30
100
,59 .'Jan 29
15% Nov
61
Oct
Apr
152%
Dec
Jun
2074
Jan
774 Jun
11% Mar
874 Janv 7
1274 Feb
25
2574 Jan 11
V -37% Oct
21
Oct
5
44% Oct
6
30
May
42
Aug 28
50
July
,55
Jan
6
55
Sep
60
Nov
25 Va
Jan
115
Mar 15
'120
40 74 Dec
29
51
Jan
22
65
57
,
Feb
15
67% May
26% Feb
2074 Nov 18
674 July
'
274 Jan
100 ft
6 %
Sep
Apr
168
4
Jan
5
39
115
-No par
Goal & Coke 5%
: Virginian Ry
400
6%
35
Sep
Apr
4% Jan
par
'
Jan
50
-
"274
.»
100 : ft
5
dlv partlc preferred.^
374 Mar
11%
2.50
—
374 Nov
Apr
33% Aug
5
29% Dec 10
Dec 23"
6
31
5
Chemical Co—
1%
3
2% Dec
16
Dec
—No par ;
preferred.;—
24
July
-72% Jan
9
84% Jan
100
....
Dec
Jan 30
9
374 Jan
No par
4.——
Va El & Pow $6 pref
Va
20
,
-"
*143
*143
6%
2,600
3974
Dec
8 Va Dec
4% Apr
22
Jun
-
'
11474
ft.
ft Oct
18
48%
.5
50
Vlcks Shrave & Pac Ry
100
5 Ye non-cum preferred—
100
Victor Chemical Works
—5
Va-Carolina Chemical .——No par
,
•
474
*3974
41%
•VLck
;
V*
8%
7% "1st
100
-
ft
•
40
■
•
.
2174
54 3
Jan
July
76% Sep 21
conv
Van Raalte Co inc
60
-
74
55
Feb
23% Nov 30
—25
preferred—.
Van Norman Co.^..
.
300
.
118
*U7
900
21%
4
non-cum
Vanadium Corp df Am
4,200
ft.
37
118
a7a
11
Oct
20
Jun
—No par
.Universal Leaf Tpb—
V
io
■•
38
37
*117
*61
.
:
V.v
37
Jan
Dec
25 74
99
No par
100
—
,
Preferred
150
,
974
118
118:
•
20
19
16
.\n974 Jun
16% Jan
^
.1
_5
preferred—.
No par
Universal-Cyclops Steel Corp
.1
Universal Laboratories Inc
.1
$6
,1,800
3%
,
18%
:
3
Jun
58%
8
'
974
May
35
United Stores class A.
75
17%
4
2 74 Jun
United Stookyards Corp
900
35
7174
1874
974
102
—
'
'7%
•'
*164
19%
67
34%
3%
*32
71%
ft-
*62
40
71
:t
*164
"
*3974
*16%
3%
33
113
37
66
4
50
a—..
U S Tobacco Co_-——
10,300
*40
63%
6574
7174
*36%
42
6374
17%
9%
118
42
*71
19
37ft
118
*71%
33
33
*164
1874
*60
.
Y
15%
*374
3%
75%
.
Min
—
Preferred
10
?-
2%
76
104% Mar
1
60% Mar
10
100
80
;
Steel Corp..——
U S
2,300
•
V
2%
'
2,700
y.
47
*374
9%
9%
23%
47%
Preferred
.23,300
53 Va
23%
17
11
96
v
5 74 Jan
20
10
preferred
U S Smelting Ref &
2,900
1217a
23 Va
*3074
166
17%-
ft
37
118
71
166
18%
—
——'
'ft
166
52%
23 %
8% non-cum 1st
700
700
121%
53
Rubber Co—,
U S
9,700
v
73
23%
15
3V4
31
31
*70%
121%
52%
4
33
57 74
121%
53 %
122
*72
1474
3%
71
Get
974 Mar
Jun
1574 Sep
.
7
38% Jan
1
-—No par
Plywood Corp——■
4
.7% Jan
10
;
„—
,U S Realty & Impt
.2,900
43%
274
3
*71%
75
70
'-U S
400
"
•»
Va'
56%
Preferred
|-,U S Pipe & Foundry—i—
j U S Playing Card Co
;
100
•
131%
56%
Jan
2074 Deq
-
22 % May 12
94% Dec 27
,
f
42%
*45%
274
2%
2
23%
45
*274
*3%
122 '
23%
46%
*14
52%
5274
122
122
121%
55%
71%
*70%
100
1,700
131%
132
57
56 %
<4,400
9 Va
38
.
•
30
41%
43 Va
131%
700
3,700
32
*2
Mach Corp
5%% conv preferredj
U S Industrial Chemicals——No
U S Leather Co-_—
-No
Partlc & conv cl A
..No
Prior
preferred—
—
«U S Line? Co„—
—
—.
600
*37
Apr
69% Jun
114
2% May 10
5
U S Hoffman
10
'
.
•
*40%
774
8
30
tt Dec
X26
•". 274 Jan
,•.——No par
Co.:—————20
preferred—
—100
7%
V
41%
2%
43
43%
133%
71
*71%.
2
43%
71%
*45
38
2%
*131%
71%
22%
38%
2 Va
43%
56
50%
38%
ftft
132%
5474
121
41%
3174
Feb
10474
35% Sep 29
v
S Freight Co—
1,100
6%
,
9Va
Feb
Apr
Jan
U S Gypsum
,1.000
17%
32
81%
89
3
17% Jan
5Ye
3.600
•
170
38
*40%
*4074
43
54%
.
2
31%
32
*131
43%
43
31%
38
2
6
6%
9%
*9
9%
1
41%
38 '-ft
38
*37
6%
%
6
■'
113
*111
par
preferred——J——100
United Faperboard.
10
U 6 & Foreign Secur———No par
$6 1st preferred——No par
r
240
5%
17V4
17 Va
V
■ftft
4,500
37
*5%
5%
ft.,
42
*3674
Jun
•30
8
1874 Jan
Engineering & Fdy__—5
-——No pur
United Gas Improv't ex-distribtion.
United Merch & Mfrs Inc
_1
200
474
9%
42
43%
111
111
113
6 Va
31%
*40
■
*9
974
3174
31%
40%
674
*974
9%
*9
*111
16%
16%
16%
16%
*111 -ft 113 ft:
113
*111
5%
-
74 Va
y3674 Jan
•
2
United Fruit Co
•
-
74%
*974
9%
37
37
5%
5%
5%
.
*41%
37%
37%
36%
*167
ft:
Nov
Jun
16
United
•
ft:' •ft 1,200
'-,100
16%.
16 Va
Jan
55 % Jan
'
' 900
9774ft ft":'
*74
170
9Va
43%
*41%
43%
*9774
Dec
85 %
2374
tV Dec 30
par
par
1674
Jan
10
21% Aug
33% July
109 % Jan
par
Jan
May
6374
May 27
114% Jun
4
93 V2 Jan
16
Dec
108
40
17% Jan 20
•
——100
Electric Coal Cos,
United
46,800
•
10
974
75
'
9%
9 "
9
*41%,
43%
,*41%
8%
ftft- ft:4%;
16%
V
15%
73
14%
73
14%
*167
14%
73
27«
9974
100% Mar
Jan
113% Nov
28% Mar 30.
24 % Jan
preferred 'i-—No par
Dyewood Corp———
1
Preferred
•,>'.
1,600
29 74
9774
97%
97%
97 74
97%
97'/a
99
*97
274
2974
vfti *99
474
United
*1,400
ft:. 1,300
76 Va
7574
974
-"ft 9%..
974
:■
$4.75
100
;ft
2774
V-
X24% Nov 30
Co-i—5 '
Drug
200
t
,
8%-ft
*2734
274
*4%
4%
*4%,
ft- 6%
51
8%
99%
United
3,900
ft ft:.
'
•
50%
2974
*99
;ft
'
,
19
Dec
9%
83
ft'"':
95%
*94%
*674
'
7674
76
■
-
6,100
•
Carbon Co
May
102% July 16
Oct 20
97
80 % Jan
preferred^——_—100
—No
United-Carr Fast Corp——_No
United Corporation
—No
$3 preferred
*—:
S—No
200
ft
conv,
United
'ft 38,700
13 74 *: 1374
i'-
29
2%
2 74
29%
C;
-,
874
29%
2%
29%
99%/.::
474 /"ft
9974
ft'ft
98%
2%
29
ft"
2774
7574
7574
1%
5'#
•
600
•
2474
51%
8
29
274
2%
29
51
6674 j-ft • :
174
fv"
9574
•
20
108
22% July 14
-79% Jan
United
200
Apr
29
Apr
114% Oct
•
15% Jan
Rights
—u.—,———
Biscuit Co——.—No par
439,300
3Sa
■
.3374 '"•34 ft ftft.;
*6% •ft 6% ft ftft
1
28
27%
;Y,!
,
21
*2274
-
.ft
'ft:
1374 •U'4
■
ft:":ft
•
1,500
14,500
115%
*65
$,374
*9474
-
874
874
7574
75%
76
75 Va
'
i
674
51
51
27
27
28
*27
'
674
- -■■■■
8 %
8%
874
*8
51
50%
51
*50
14'
'9574
*9474
674
*5%
674
*574
>1374
95 74-,'
14'
14
*95
74
"21
1%
l'/a
3474
ft
-ft::
*
Sep
58
46
Jan
774
86% May 27
105% Jan
—No par
Preferred $4.50 series
California
2874
X118
Jan
*
*112
21
*2074
1%
3374
34%;'
3374
25 74
67
1 '/a
1%
1%
10474
2474
July 2
11% Feb 26
X76% Dec
.113
-
13,200
59
18
Jan
—25
Union Pacific RR Co—
—100
4% non-cum preferred
—100
% Union Tank Car——
:—No par
United Aircraft Gorp_—
5
% 5% conv preferred100
United Air Lines Inc
;
10
500
-;
ft
29%
'"ft".'-"
ft
67
ft
Jan
8
Union Oil of
'ft':?;' 200
27
*103%
113
113
68
22
'
94%
•'-
.
42
V
3,400
7-
2874
247a
*22%
21
21
10
5,600
96
■'"'27
ft-
44
ft
115 74
3°2
33
—
V:
:
.
2374
3
,•
%
*20%
1027V.
2374
2374
23
•ft-ft
,
19'/a
94%
94 74'
*93
10
.
95
ftV
27
*93
'
.
112
4,000
-ft
•
116
X1874
1974
94%
93 Va
19
■
8274
1137a
112%
*112
112%
*
>
974
8174.
115
115
19 Vs
1874
974
82 Va
82
115
113 %
52%
974
8274
*112 •:
•
•974
52 Va
V
5374
9%
81
v.
•
52%
53
974
80% :-r
80%
81
A
52
9%
97a
-9%
974
79%
''
Co——No par
Paper
No par
Union Carbide & Carb
No par
Union El Co of Mo $5 pfd—No par
"
'
5174
51%
-
6874 July
112%
.
26
274
40%
Oct
110% May
117%
Dec
Jan
21%
Nov
31%
Jan
14
45
Oct
1
14
-Jan 14
40
Oct
r
24
Apr
8
26
May
Jun
Mar
2
35% Sep
Dec
Jan
22%
X123
29 % Jan
Dec
116% July
Jan
1
1
Aug 30
Jan
1874 May
15
17
Mar
Dec 30
2074 Jan
27
.
19
80
Jan
8
110
Aug 18
70
113
Jan
26
150
Nov
22
120
Dec
11
29%
Oct
Oct
96 Va Mar
138
Jan
W
40%
40
*10%
10%
41
*10%
26%
17
26%
*105%
108
*105V4
For footnotes
see
page
127.
41
10%
26%
106
42
10^8
43%
43
43%
43 %
44%
3,500
10%
10%
10%
10%
10%
900
27%
1,100
*2634
27
*105 Ys
108
27
*105%
27
108
27
*10574
108
Wabash RR 4%f«
Waldorf
100
24% Jan
4
40
.——No par
-No par
7 Va Jan
11% May 29
20% Jan
5
2
Feb
10
preferred
System—
Walgreen Co__„_—
iV2% preferred —
—100
103
2874 July 15
109
Jun
10
21% July
6% Mar
30%
Jan
774
Nov
20%
NOV
.:
16
Apr
97%
Jun
102 Va
Oct
Volume
THE
Number 4245
159
COMMERCIAL & FINANCIAL CHRONICLE
127
NEW YORK STOCK RECORD
LOW
Jan. 3
Jan. 1
t per
$ per snare
,
Jan. 4
■'■V
$ per share
share
*48%
17% •: 17%
17%
7%
8%
87/e
•
7%
8%
8%
9
9
1%
1%
1%
V
i%
46%
*24'A
24%
24%
24%
*24
24%
500
22%
*22
23
22%
22%
23
23%
.'400
18%
19%
18%
19%
17%
18
18
18
23%
23%
23%.
23
23%
23%
23%
6%
6%
6;%
22%
22%
*23
22%
78%
:
19%
19
85
97%
87 Va
97%
96%
85%
86%
87
117
:
16%
16%
31%
3%
3%
87%
86 %
86%
V
86
*117
117%
16%
32%
31%
V
17
3%
37/a
17%
106
30%
8%
8%
43%
437/a
43%
44 Va
23
23
23%
23%
24 Va
23%
23%
23%
24
22 %
22%
22%
22%
22%
22%
22%
22%
i
94%
94
95
*129
95%
131
,
:
95%
96
,K
95%
94%
95%
*
26
24 Va
6%
: 2,700
107%' 107% 5..V *107%
V:.
.
.
:
*55
■
59%
'
*55
97 »A
97'A
?.&■
26
108• 108
108
:
,
.
'59%*
*
97%
26
*24%
108
*55
59%
'55.
98
*96%-
97%
•
20%
'
,r,
67
/
■
;*
22%
217/a
66%
66%
*66%
67%
18%
18%
18%
21%
7%
5%
5%
:
21%
21% '
*7'A
—V-;^
-7% :
*60
'
.
8
»
8
■
80 %
*10%
•
4%
,
■
7
-
.
8 Va
8%
80%
80%
V10%
10%
80'A
10%
36%
20%
8 Va
81%
*10%
*121V
22
*20%
37
*104
102
*94
*.
102
22
*94
A
*47
>
y /i
48
21%
109
*104
»94
*47%
102
*94
.
V
800
:
7
40,600
84 Va
.
f '
14%
'
;
' "
V
300
14%
96
13
♦Bid
29%
v
:
•
.V 37%
30%
*30%
1
——
Wilson & Co Inc
$6
—10
—No par
preferred
:
No par '
_
i
: v
10,100
pfd
9
Woolworth (F W)
85
10
'68
69
100
700
48%
500
49%
48%.
'
;
400
15 Va
1,700
37%
37%
8,500
96%
,96%
40
13%
13%
2,500
Youngstow'n Steel Door—.
35%
4,900
Zenith Radio Corp
3,000
Zonlte Products Corp..
96 -
96
13%
13%
13%
34%
34%
35%
3%
35%
4 A
35'A
3%
3%
Jin receivership,
a
w
35
4
3%
..
Deferred delivery,
Transactions at the New York Stock
4
n
New Stock.
r
Cash sale,
Stocks,
Railroad
Number of
and Miscel.
Shares
Bonds
:
\
-
::k
W
Week Ended Jan. 7,1944
wd When distributed.
Foreign
Bonds
Bonds
Total.
Week Ended Jan.
$7,776,000
10,746,000
198,000
303,500
11,247,500
1,157,120
843,670
16,618,500
572,000
12,000
17,202,500
10,744,000
636,000
5,000
11,385,000
365,000
$2,165,000
7,1944,..,
Shares)
Saturday
$276,500
4,083,210. $61,680,300
—
-
6,000
Monday
Apr
83
Deo
109
Aug
127
Jan
9
23
Apr
32%
Deo
29'A May 5
112% Jun 23
22
Mar
51%
Jan
60
Apr
Oct
of
shares
Bondsi
U.
S.
Railroad
industrial
Total
3,620,256
50
Apr
93
Jan
24% July 22
71 Va July 14
17%
Dec
27%
Feb
58 Va
Dec
69%
Jan
12% July
15%
Deo
Jun
5
22% Aug 11
.10% July 26
7% Oct
12
Jun
3
Mar
1%
1
86
Apr 30
40
27
Oct
15%
1
6% July 19
.9% Jun
:
the daily
Jan
5Va
NOV
3Va
Jan
53
Apr
Jan
22%
May
Jan
1 Va Apr
1% Aug
2%
2%
Oct
4%
Apr
8%
Deo
3%
28
-.14% July 14
9 % Sep 20
86 Va Oct
2
Sep
6%
Jan
Jan
51
Sep
73%
7
107%
Jun
24% July 2
42 V8 July
3
25% Oct 28
16%
Dec
Deo
110"%
11% Apr
121
6
Dec
Oct
24
31
21% May
14% Jun
Jan
Deo
21%
Jan
149
Sep 20
117
Nov
125
July
134
Sep
106
Nov
117
Mar
54
Jun
1
54
Jan
57% Jun
42'A
oun
18
44
Jun
Apr 20
80
Jun
104
Jan
70% Sep 29
39
Apr
62
Jan
31% Sep 10
17% July 13
41% July 14
28 %
108
2
18
57%
15% Jan
5
Nov
12
78
7
37%
Jan
7
May
37% July 13
87
lVa May
x-Ex-dividends.
y
Jan
Oot
12%
8% Feb
4% May 10
Oct
7% Nor
Jun
16% Jun
98
Jan
23%
Apr
Jan
20
Deo
2% Jan
Ex-rights,
Bonds (Par Value)
Foreign
Domextio
Government
140,800
167,085
Friday
—
■
Total
$728,000
58,000
1,103,000
23,000
725,000
27,000
896,000
$4,140,000
Jan. 1 to Jan. 7
'
1943
1943
1942
Stocks—No.
278,741,765
970,565
of shares
Total
.7
$15,000
688,000
247,630
196,735
\ 218,315
—
—
Foreign
Corporate
HOLIDAY
-—.
Wednesday
Thursday..
$64,448^300
-
$743,000
753,000
$7,000
3,000
1,129,000
23,000
26*000
945,000
$146,000
$36,000
$4,322,000
1942
598,335
752,000
Jan. 1 to Jan. 7
1943
71,374,283
1942
22,315,690
125,685,298
$76,000 $3,130,112,600 $2,181,064,200
2,165,000
2,511,000
120,413,100
61,680,300
61,789,400
4; 192,025
$4,140,000
Domestic
123,881,200
6,533,850
$64,448,300
are
15%
f
Apr
Foreign government
146,000
—
36,000
Foreign corporate
$4,322,000
$64,376,400 $3,254,717,725 $2,311,479,250
$3,617,000 $217,167,000 $171,053,500
381,000
12,564,000
4,886,000
1,315,000
765,000
$3,999,000 $231,046,000
1,000
$176,704,500
Stock and Bond Averages
Below
Oct
Dec
July
80
Bonds
$603,000
-
&
42'A
108%
20
970,565
;
-
Government—
Foreign
1942
4,083,210
100% Jun
25
Week Ended Jan. 7
Stocks—No.
63 Vb
6
99
—
Tuesday
16,837,300
$603,000
Week Ended Jan. 7
1943
Feb
1
of
Sales
$394,000
16,466,300
Oct
19%
13% May
3
(Number
»
.*<'
$7,105,500
833,180
V
-
732,280
-
Jan
30
Stocks
Bond
1
516,960
Wednesday
Thursday
Friday
Jan
8%
Feb
Daily, Weekly and Yearly
Total
Government
HOLIDAY
-
3%
Apr
4Vb May
23 Va
Transactions at the New York Curb Exchange
Exchange
United States
Saturday
Monday
Tuesday
5
July
19% Jan 12
2
Jan
2
-r—J.. •:
Special sales,
s
9% Jan
Dec
Jun
21 Va Jan 13
7% Jan
4
Jan
6
82
Jan
4
._No par
Daily, Weekly and Yearly
,
.
2
Jan
July
40
30
No par
20
100
9
104
Mfg. Co..
23
Young Spring is Wire.
No par
Youngstown Sheet & Tube—No par
5%% preferred series A
—100
15
96
this day.
30%
30%
30%
13%
4
49%
8
Feb
18
104 Va
Sep
12% May
136
27
Jan.
30% Jan
2
16% Jan 20
Deo
7
100% Oct 4
44% Jan
9
46
Jan
9
78% Dec. 3
58% Jan
4
Yale & Towne
102
•
•
Jan
17% Jan
—10
*83
i,6oo
-
"115
—100
Sep
Jan
8
2
2
6
2
4
——^-10
Co
Woodward Iron Co
21%
2% Jan
2VaJan
8
Jan
4Vi Jan
57'/a Jan
——1
14%-- 15-
*95%
on
10%
«
113%
97
24% May 29
3% Jan
5
2% Jan
8
40
Jan 15
x20%Jan 19
5 ;•'■./
—,
--
37%38'/a
13
no sales
Jan
Jan
27
24% Dec
2
38 Va
34%
and asked prices;
Jan
93
3
49% Oct
9
13 % Jan
Wilcox Oil & Gas Co
Wilson-Jones
109
*94
48%
85 V;
96
3%
6% Apr
11% Apr
2
Jan
Nov
91
104
16% Oct 29
2
5
18
10%
Apr
34
Sep 22
31% Dec 30
2
Jan
7% Aug
Jan
Nov
,41% Apr
110
Jan
2
Jan
5
Jan 12
15
Co
—10
Woythington P & M (Del)—No par
7% preferred A_w--—..—100
6% preferred B
—100 "
Prior pfd 4% % series
—100" :
Prior pfd 4% % Conv series—100
Wright Aeronautical
No par ';'
Wrlgley (Wm) Jr {Del)
.No par
•
V*6SV V69'V
69
147/8 .15%
■
,v
13
34
*3%
.
.
*95
V
13
33%
..
*67%
36 Ve '. 377/a
2
14
preferred
preferred
Wisconsin EI Pow
38%
38%
*48% j 49%
48
conv
22
*21'A
102A
*83
29%
V''-
37
5
———1
--.V;
•
*104
84
14%
14%
36%
*"94%
M,
5
Jun
Feb
20'A
May
Jan
Willys-Overland Motors.:
6% conv" preferred
800
10%
83%
•,
$4
Prior
15,100
:>
48
*28%
29%
29
—
102
58% Jan
260
>
21%
49%
69
3
119
8
Nov
X71%
Apr
85
i—1
No par
,.-20
-' 8%
*20%
49
*67%
36
81
120
31
No par
3,100
22
109
5
-
:,\
6%
*10%
47%
69
11
2
Jan
.
'
69
87% Oct
Jan
—No par
20
White Sewing Mach Corp
'■!
11
84
47%
14
(The S S)—
White Rock Min Springs-
13%
82 V-
49
*48%
*83
Oct
106% Jan 15
52
Mar 13
3,300
W;8%
8%
4.84
49%
83
*47%
Aug 20
99
22% Nov 30
2,000
"
V:
85
37VoOct
8
22
Nov 15
15 Va Jan
4
12.50
V
*13JA
-
37%, 38%
22
*104
70
*121
*20%
37%
'"21%
.
109
31
15
May
59'A May
20 % Dec
No Par
prior pref—
White Dental Mfg
25%
.
5
;■
v.:-'-
*121
37
.
21%
109
•l 7%
13'A .-13%
8Va
10%
4%
67/a
14
13%
80%
:
4%
4%
7%
,
13%
,
3
19
Jan
2'A Jan
5% Jan
—.50
-50
t
5%
*67
*25
*.:W
$5 conv
,
2
No par
-100
White Motor Co
70 VI
v;
.
21%'
5,400
25%
*20%
36%
36%
20%
I
7%
*67
*121*7
22
*104
21%
V."; v7%
5%'
*25
:
10% v
i£;. *121 V;
=>20
21%
8 Ve
110
V,
26% July
70% Nov
4
.,
„
,21%
26
;
'
'
—
r
70
8
.
Vv
*79%
5%
*68
7%
f
21%
4
103
...100
Wheeling & Lake Erie Ry
5 Va % conv preferred
.-100
Wheeling Steel Corp
.—No par
no
3,000
100
*25 V*
12%
"
;
8
109
Jan
11% Jan
__No par
!
$4.50 preferred.^
A
71
6%,
-
,VV
-*:&
100
Instrument.,
18%
26
•'.:.* 4% V:5
6%
13
'160
Nov
4
No par
67 %
'-r
*24
5%
6%
8
5%
•
Elec
1
4
57
Auto
67 Va
65 V
;
26
13
22 Va
7%
5%
pfd
preferred
Weston
Nov
50% Jan
67% Jan
100
,
4 Va %
8Va July
Jan 21
69
6
8% Jan
1
Power
*17%
v
July
July 23
W,.
21%
7%
•
5%
'65V"
*23%
.
•£
21%
,
5 'A
5%
•
20%
V-7%.
-
22
21%
-
•
—100
Westlnghouse El & Mfg—U1st partlc preferred—
400
-,
97%
3
17% Jan
2,300
I
■\
59%
,
97%
21%
*18%
-
ft!
i: hi-.
18%' V
*18%
.
%;V
67
...: 67
-
18%
*18
21
21-
20%
67
;i'
A.-4-
;
98
preferred
preferred
Westvaco Chlorine Prod
107%
*55
59%
97%
'
X107
Jan
Westlnghouse Air Brake—.—No par
26
.107%
*24%
34%
1%
—No par
Class B___
30
*33%
33%
33%
Nov
par
6,300
132
33%
*24%
*33
26-
*24 Vs
-v'v.
*130::
131
131
131
*129
32%. V
32
Oct
18
Indies Sugar Corp.
Western
'
33%
14
Jan
Nov
Jun
% May
30
26
—No
West Va Fulp & Pap Co
100
;
22
23 Va
22%
131
Jan
11%
20% Dec
5
8
Western Union Teleg class A-No par
8%
44 Va
94 Va
12
4
1,500
8%
43%
*32%
19
12% Jan
1,900
8 Va
43%
*129
Jun
17% Jan
2% Jan
v
*7%
42%
/
Jan
13%
5
f 5,600
7%
42'%
8%
39Va
Oct
5%
2%
1
Supply Co—
10
Western Maryland Ry_
100
4r/o non-cum 2nd preferred-—100
7%
v
21
—-1
preferred
West Penn
1,300
r
42 %
8
.6%
2,300
Deo
32% Apr
23 Va Sep
■i,
4
3%
••
V
1
31%
7%
,10
i
8%
4
West Penn'Electric class A—No par
380
117%
17 Va
31%
31%
West
260
86 Va
>?
29%
Nov
16 %
Apr
2% Mar 29
15% Jan
-
Eisenlohr—
conv
160
Feb
4% Apr
24% Oct
41 %
3 Va
July 6
15% July 15
7
Dec 21
par,-
No
Wayne Pump Co—
27,800
V
16
Apr
13% Mar
May 29
22
Wesson Oil & Snowdrift——No par
98
106
106
106
37/a
3%
4
:/V3%
16%
105%
31%
106
v
*117
117%
"117
16%
105%
16%
*105%
31
98%
98
56
Jan
31 Va
27
par
Waukesha Motor Co
100
20%
.:
4
20
4
% Jan
1,200
85
98
13
54% Oct
7% Jan
Webster
78
5
26
5,400
19%
85
97%
Pipe
Washington Gas Lt Co
500
18% May 25
9% Jun
5
—5
6%
85
19%
*84%
Warren Fdy &
$ per share
2
par
50
Pictures
23%
*77
87.
118
106
31
•
'
*117
.
19
19%
84%
98
97%.
*16%
77
84%
V
23%
23%
77
18%
83
*105%
23%
77%
84%
19%
6%
7
23%
23%,
*77.
78
*77
6%
7
No
Bros
Highest
share
per
153,a Jan
4% Jan
4% Jan
par
preferred
t per share
12
No par
$7
Lowest
38% Jan
No par
Baking Co cl A
Warner
2,600
r
preferred
Class B.
17,500
24
Div redeem
Ward
400
12%
(Hiram) .G & W——No par
Year 1043
Highest
$ per share
No
400
12%
6%
117
1%
1%
.
Par
■'
;
Walworth Co
400
*21%
18%
;
9
46%
!
23%
18%
•
12%
23%'
83
4,500
47
23%
22 Va
22%
200
7 Va
12%
23 Va
*77%
17%
..
*8%
Walker
1,700
47
12%
6%
51%
Range for Year 1943
Lowest
y.
12%
*47
48%
12
'
,18%
t
Range tor Previous
"
STOCK
Shares
48
*46
12%'
*23
7%
*17%
7%
NEW YORK
EXCHANGE
12%
46
11%
*21%
*17-Va
7%
17%
1%
*1%
1%
*1%
46
r-
17%
*17%
7%
8%
t per share
49%
49%
50
.
the Week
49%
49'A
7%
17%
7%
;lxk
*8%
Sales tor
Jan. 7
v'
$ per share
$ per share
49
49 Va
49%
STOCKS
Jan. 5
-
Friday
Thursday
v Jan. ft
Wednesday
Tuesday
Monday
Saturday
HIGH SALE PRICES
AND
closing averages of representative stocks
and bonds listed
on
the New York Stock
20
Date-
January
January
January
January
January
January
Rail-
trials
roads
1_
as
compiled by Dow, Jones &'Co.:
10
10
30
Indus-
Exchange
-Bonds—
-Stocks-
IB
Utlli-
ties
Total
10
First
Second
10
65
Indus¬
Grade
Grade
Utili¬
Rails
ties
Stocks
trials
Rails
Total
40
Bonds
HOLIDAY
HOLIDAY
3.
135.92
33.45
21.74
47.01
107.09
102.14
67.46
110.16
4.
137.15
33.94
22.30
47.58
107.17
102.14
68.02
110.22
5.
138.65
34.23
22.45
48.05
107.15
102.74
68.48
110.15
97.13
6.
138.34
34.42
22.38
48.02
107.36
103.09
68.66
110.19
97.33
7_
138.08
34.53
22.30
47.98
107.36
103.23
68.93
110.24
97.44
96.71
96.89
THE COMMERCIAL
128
Monday, January 10, 1944
& FINANCIAL CHRONICLE
fM
Bond Record «» Mew
FRIDAY
wrvrirr
w^ek
the
phcm
"and
are
WEEKLY
-
YEARLY
-
;
Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions of
shown in a footnote in the week in which they occur. No account is taken of such sales in computing the range for the year.
>
indicate in each case the month when the bonds mature.
'y
.... • :,yy ,
and defaulted bonds.
interest"—except for income
th"
Subside
of
regular weekly range are
in the column headed "Interest Period"
and when
The italic letters
York Stock Exchange :®§
I).
I
3%s_—_
3'As..—
Treasury 3%s
3%S
3s
3s
2%s
2%s
2%s
:
2%s
2%s
2%s
2%s
2Vis
2 Vis
2Vis..—
2 Vis
2ViS
2Vis
2Vis
2'/2s
2 Vis
•—:
2 Vis
2Vis
2'As
...
2'As
2'As—
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
..1947
,
2s
Treasury
2s.
Treasury
Treasury
2s
Treasury
2s_.
Treasury 2s
2s
Treasury
1948-1950
1948-1950
1949-1951
1949-1951
1949-1951.
1950-1952
1950-1952
1951-1953
1951-1955
—1953-1955
June 15 1948
r.Mar
Dec
Jun
——Sep
.
Dec
March
...
Sept
Treasury 2s
Treasury 2s
—
2s
Treasury
2s
Treasury
Treasury l3As
Federal Farm Mortgage Corp—
3s
1944-1952
—1945-1947
us series A
M
series
l%s
York
New
1980
Corporate Stock
3%
111.30
103.4
103.7
a
114.1
106.3
'
a
100.27
103.3
J-D
*105.17 105.19
105)21
106.30
J-Q
"110.6
110.8
110.13
110.27
J-D
"105.9
105.11
105.15
106
M-S
"111.3
111.5
m-9
"111.23 111.25
109.9
107.3
107.10
111.12 111.12 i
111.29
112.20
106.20
m-9
"103.12 103.14
103.6
104
J-D
*100.13 100.15
100.10
107.4
'
6
100.2
100.21
100.1
23
100
100.22
43
J-J
101.25
Cuba
102.13
J-D
*106.23 106.25
106.23
*104.7
102.2
10T5T
102.T
104.8
104.20
104.20
100.26
100.28
■
'
Rica
;K
*101.1.3 101.15
100.14
A-0
,.1952
1953
J-D
100.30
>
.
loan
4 Vis
external
4
U-N
30%
100.2
501
100.6
100.5
100.9
-
*100.8
100.10
100.12
100.29
*104.28 104.30
103.16
103.16
100.9
101.12
*100.15 100.17
100.25
100.25
100.28 100.28
101.11
102.28
101.10
*101.8
21%
100.10
101.4
*101.2
AGtd
sink
tund
6s
iKlng of Norway)
coll 7s A
(Dept)
AAntioquia
AExternal
1968
1945
4s
43
1083A 109'A
3
(Republic of)
-■
69
47%
74
73 "
45 :
73
42%
67%
69%
87'/a
*71%
F-A
68%
67%
<
72
86'/a
85%
72
88%
86%
72
42%
18%
.
85%
M-S
J-J
V
extl
Free State
Irisn
j-d
York Stock Exchange
0
X X-X-
—
»-•*
•
v;
18%
■I
'US)
5s of
extl
of 1899
5s
4"
231/4
92
82%
98
1
..•
^X
NY
A
external
A Sec
1-1693
AMontevideo
-
.
'XX
yyy v:: 5
{17
X:J
y
11%
*11%
14%
'•
s
1957
series
1949
6Vis
,1955
—1955
f 6s
External s f 7s—
South
'
'18%
.vXX'
'■
S
14
■y'Xr; /'
AExternal
s
s
35
92
92
J-D
92
A-0
(City)
Brisbane
93%
f 5s
s
5s
15%
J-D
l
16
2
16 :
5.9%
...
',[■
■
100%
U-N
92%
92%
84%
84%
85%
100
A-0
84%
94
M-S
—
*100
V
.
Sinking fund gold 6s
Buejtfbs Aires (Province of)—
J-D
"*100 '/a
J-D
53 Vi
51%
A-0
51%
48%
•
54%
51%
120
1
93%
34
49
51%
50
34
54%
43
34%
£2
92
1
87
£2
92
9
83
97
—
92%
1961
1977
,-1976
-.1978
—1975
f $ bonds——+^1984
m-9
77%
77%
80
F-A
77%
77%
30-yr 4s_—^1960
A-0
Canada
(Dora
of)
25-year
3s—
30-year
iil961
—,1967
1968
3%s___
30-year
3s
'1
U-n
3s
—Jan
15
1958
J-J
(Rep)
s
19*2
A6s
A Extl
a6s
assented
sinking
1961
A Extl
A 6s
of)
J-3
Af-N
assented
AExternal
A 6s
For
_t
38%
33%
102
footnotes
page
*7%/ 38
1967
J-D
*7'%
83%
83%
A7s
ASao
municipal
loan
Fe external sink
Paulo (City of Brazil)
A 8s
extl water loan
107%
A 6s
extl
104%
§ A Secured
dollar
A 8s
1
secured
series
100%
105 V.
24%
1961
J-J
,
19%
26
25%
19%
26%
18%
?*%
48%
29%
48%
33
33
3
28
46 Vi
58 Vi
58%
5
55
72%
12%
15
19
10
20 '
12
15
39
11
3%s-4-4'i8
($
1901
M-S
Sep
1961
http://fraser.stlouisfed.org/
(
Federal Reserve Bank of St. Louis
.
•
—
18%
18% '
19
29
J-D
*10%
J-D
*10
14%
1955
,1948
18%
19%
Af-N
,1964
Af-N
X
'•
*87
•—
bonds of 1937)—
68%
69%
25
87
78
88
85%
88
64
72%
1979
Af-N
1979
Af-N
*57
63%
61'%
69
3-D
*60
64%
60
68
1978
1978
F-a
70
1984
J-J
1958
F-A
U
11
1
1958
F-A
10.%
10%
2
3%-4 Vb-4extl
conv
25%
4-4%-4Vis extl
3 lis extl readjustment
A Warsaw
25%
84
■
*86
95
conversion
25%
18%
;
85
■
98
13%
readjustment
19%
-
—
14%
9%
„
External
18%
7
*88
F-A
•.'
External
•
2
20%
19%
*93%
F-A
—I960
19%
11%
14%
fund 6s__
13
a-o
A-0
19
18%
M-S
1962
18%
36
.—1958
(City) s f 5Vis
AExternal sink
i
1958
18%
18%
32
15
1962
7s
136
'
5
36
15
extl
icy
3
41
35%
15
of)
AUruguay (Republic) extl 8s
AExternal sink fund 6s
„•
39%
M-S
Af-N
(Prov
Sydney
53
52%
J-J
1962
extl
25%
X
32
Af-N
sec
26
18%
33
4
(Kingdom)—
external
B
26%
19.
39
17%
•yy 31
58%
19%
^X
83%
18%
•'
A-0
18%
18%
.
-
35
73%
41
J-3
3
18%
—ip
1
33
1968
19
-25%
3
38
41
1940
18%
'
35
17%
31%
Iy 33
Is
A4'is assented
'
33%
;;•
Af-N
.,1956
18%
18%
40%
i8
J-J
loan
Serbs Croats & Slovenes
Silesia
20
17
't--.XX'X*
1936
8s
external
A 7s
$
37%
32%
1950
(State)
Paulo
IA San
60%
111%
18%
*35
•
A 7s
18%
J-J
8s_—,1952
83%
Af-S
Af-N
102%
1957
18%
f-a
F-A
1964
fund 4s
A6Vis extl secured s f
A
'T
371%
18%
1901
132.
17
41
U-N
105%
•
1901
1962
see
41%
33%
1966
18%
1961
sinking fund 6s
39%
30%,
v
18%
-V
(State ol)—
■'
54
16%
35
31
.■
38
36
90%
4
102%
3Q%
'17
V
30
-
33
-
17%
2
-
external loan of 1926,
103%
*>•
Feb
assented
54
20%
;
17%
6
'
17%
14
11
37%
..
23
10%
'
A-0
41%
16
21%
i
■
F-A
yfr
X'-
11
._..■
36
102
102%
F-A
i
38%
34%
'
;.
y
;
■
15
13%
*^2%
'••:,\'xx
-
16
A-0
104%
18%
23%
1940
8s
of 1921
97%
31
23%
13
3
13%
J-D
97%
101% 102%
12%
i"
X'.
-
1953
101%
-
24%
',',.IvXX f
*11%
"
'
34
13%
12%
38%
.»VV.: XX:
92
104
83
X
1968
101 %
a-o
Sep
sinking fund 6s
JA
3-D
1952
1947
8s„
*11%
J-J
J-J
89 Vi
73
104
14%
20
20
*22% '•■vX
,--
I
3
20
1946
101%
■
Jan
assented
12%
..■.y,-
73
11
•Xfc,'
11%
1
20%
*12
•
A-0
1950
gold 8s
•
a6s
''»XX'
...
87%
70
■;
wX'VX
35
19
';.y
A-0
1966
(City
48%
.
12
20
*17
Jan
6s
f 6s
19
6'is
103V4
102%
Feb
fund
s
20%
19%
A-0
1963
107%
—
21
*103
a-0
I960
assented
external
u-n
55%
u-n
1960
f 7s
20%
J-D
■
25
•
external sink fund gold
Santa
80%
101% 101%
X'-.
J-J
1942
External
assented
Janeiro
sec
*i.i27/a 103%
J-J
A 7s
de
A8s extl loan
79%
71%
101%.. 101%
101%
J-J
1953
70
15
*104% 104%
101%
1948
XX
79%
108% 109%
•-
J-J
15
AExternal' sinking fund 6s
M-S
1960
•
90
72%
2
■XX
A 6s
78%
79%
71
72
—X'"
90
1959
7'/2s
Rio Grande do Sul
80
69%
*53%
—
109%
J-J
15
A Chile
.'
78'/a
78%
J-J
Jan
195*
..
95
ItX
■
90
34%
A-0
9«»'4
96%
80%
X—'
*1.05
n_1961
1940
1958
■'
.
■
•
88 34
90
.1947
,
85
90
90
1968
fund
(City of)
Alegre
A Extl
'
Jan
8s
.
*77%
Af-N
2 Vis
(City)
68%
5
*95
A-0
3s
A Carlsbad
A Rio
100
18
78
external s
Af-N
A-0
Wo
77%
25
■
A7s
i
*£5
f 4'A-4'As
External readj 4%-4'As
External s f 4VA-4%s
3%
;--».X
':XX-■
Af-S
(City of Greater) 7Vis
Queensland (State) extl 6s
94
87
V
J-D
External s f 4%-4%s
stamped
ser
7
14
94%
■
J. '
J-D
1947
7s
f 6s 2d
s
c
101%
100
''
Af-S
APrague
95%
F-A
sink
AExternal loan
53%
r
(State of)
3
96
85
95%
.82%
wX;'
wi
98
*87
1963
Vis assented
A Porto
85
95
82 Vi
/
■
'
98
'
.
'
,1967
A4Vis assented
51%
51%
,
■
94%
1994 ,
to
ext
Stabilization loan s f 7s
A4
52
51
53%
'
t 5s ser A-1963
s
56
A-0
m-9
94.
100
96
'v 96
;
Af-N
(Rep of) external 7s...
loan extl s f 6s 1st ser
AExternal
101
J-D
Jk—
Refunding s
A
100
36%
ill
extl
A Nat Loan extl
~
97
——
'
'
91
X 84 X
.
100 Vi
96%
•
''
■
m-9
Aits
83%
^'.I-.Xw•
A-0
iRep of) gold 6s—
A4V?s assented
94%
96%
*100'/a 102
J-J
94%.
79
42
108
1955
.
J-D
1A Poland
85%
82
32
111
90
89%
.■.
A Nat
,6;.;
34 ;.,;i
89% -93
■—
100
■
F-A
1970
ref 3Vis series B_„
sec
A Peru
85%
79
,1963''
loan
3V48
mod
Stamp
Ext
94
78%
14
94
93%
93%
Af-N
•
101%
84%
53
94%
M-S
96%
34
/
85%
J-J
f
11
94%
F-A
Af-S
'
X.«
A-0
(Rep»
APernambuco
Vi 1C0%
U-N
1956
1965
AStamped assented 5s
23%
42
:
23%
17% v.
57%
4Vis
iCltyt sink fund 4V2s
A Pa nam a
23%
18
*50
1944
6s
lund extl
sink
Oslo
24
18
18
♦92
F-A
fund 4%s
Municipal Bank extl s f 5s
17%
A-0
A-0
1957
Ry)
Sinking fund gold
15%
22%
*17%
A-O
I;;'
4s
24
34%
18%
43
:
*84
F-A
—1958
iund
External sink
24
—1957
f 6'As of 1927
(Central
A 7s
15%
16
' '■
—1952
1957
1958
1950
f 6'As of 1926
AExternal
.
18
18
J-J
X" 5
"18%
50
35
33%
M-S.
1957
5s
sink
External
62%
24
119%
"
(State)—
external
Norway
54%
15%
17 »/4
X-4
-
.XX'vv'-X
32%
34%
M-S
■
62%
10%
10%
1X11%
I
'
V'Xw
■
f
12%
:/'X: .nX'Xx*
*12%
U-N
f 5s
s
18%
16
-
■
9,
XX'"-'-'
■/yy-y
*14%
P
1959
Wales
s
External
53
2
I
18%
1941
external 8s
(U S of)
i A Brazil
.-'
18%
25
AExternal sec s f 7s 2d series—1957
AExternal sec s f 7s 3rd series—1957
A Antwerp (City) external 5s
1958
Argentine (National Government)—
S f external 4Vis—
1948
S f conv loan 4'As
1971
S f ext.) conv loan 4s Feb—
1972
S f extl conv loan 4s Apr—
1972
Australia (Commonw'lth) 5s of '25-1055
External 5s of. 1927
1957
External g 4%s of 1928
1936
External
46
*63
18%
f
Belgium external
*50%
44
—.
C~,——1945
1945
s
1st
A-O
''If -
•
-X
AExternal
7s
54%
*50%
M-9
16
y&;
vr'':'X ' Xw"//'
X;'
14%
1
w-
J-J
1959
series A„
External
10%
13 1/4
"12%
VylXX: .%'•
11
■
'
X'XXW
1958
^1952
7s
12%
'
f 6 Vis
s
(City)
V;
9
10%
12%
;
'
1
I-XX •.'■■XV'l
J-J
1933
iStalet —
Sec external s f 6V2s—
X':
38
''-rX''.X*XV
T
;
20 ? :-
*16%
'
17
X
•"
11%
*9%
^ '.1'v *• ** w- 'I'y*
J-D
X
—1945
1 PIassent, i
11%
'
agreement
1910,.
lATreasurv 6s ol
15%
Q-J
—1954
1904,^
it
nf
4s
.
'K
Q-j
X'-
20%
17%
*91
•tXXX'-'.
1945
2,1945
97
*17%
vX»?
U-N
agreement
1899 fc
70
X 11
*13%
'.X'X'I
J-D
1954 ;
85
185
Ivf-'K-'XX1
Xx
24
68%
18
15
a-o
J-D
.1943
.—
23%
12
V
:
assented
y
'
57%
18%
80
•'.*97%
99
101
15%
10
:S:>2 :(
*60% '.'wXr v.X
A-o
7s—_1'*57
readjusted
4s
(Prov)
; ' ,97
yw-,-
17%
75%
>
75%
;
U-N
1954
Irrigation—
stamper)
y»;
•
18V4
:
A-o
31
X"
;
'
;.S60
6l/2s
XX:'
■
1
100
17%
1968
(State Mtge Bk)
iColomblat
"
<""XX
'
Teletype. X
89
,
89%
►99
*101
;$•
—1964
—
f 5s
s
*20
M-S
1949
y Greek Government—:
\v
A7s part paid
...
:<
' A6s Dart paid
110%:
*80 V
Assented to Nov. 5,1942, agreement
18%
f 7s series
■:
"
'-Mlnas Geraeti
18%
f 7s series 11
60%
30%
69
A-0
v
1942
unstamped,——.
Assented to Nov. 5, 1942,
18%
s
61
'
'
..1967
1945
1949
7s_
extl 6s__.
stamped.
(Republic)
AAssenmtP
*17%
s
139%
"38%
61
'
Assented to Nov. 5, 1942, agreement
J-J
External
A
106%
1
60%
60%
A-0
AJueoslavla
J-J
AExternal
107%
*57
A-0
7s
101
103%
'
•
1945
f 7s series B
s
100%
103
139% 140%
J-J
1942
1955
—1962
(Republic) s f 0s series A
1952"
Helsingfors (City) extl 6Vis
—,1960
J-J
103 %
72%
53
100% 101%
'
Akershus
102%
102%
'103%
A-O
Haiti
F-A
101%
"102%
'102%
:101%
A-0
»
1969
Finland
~y/;y
1947
1948
29
100
J-D
1.1945'
2d series
French Republic 7s
i00.25 102.27
BAja.dway, New York
(Colombia)—
58
19
32
104%. 104%
1969-
New
6s,
60
39
J-J
5Vis 1st series
.
A Estonia
'
*100.25 100.27
,
A6s
lund
38
i*: 40
A
H J-D
5 Vis
1;
Wertheim & Co.
Mtge Bank
38
30%
17
'100
-a-0
;
sink
37
'
(Rep of) 8s ser A-1951
Assented to Nov. 5,1942, agreement
AGld
64
48%
: 34
36
22%
—1940
Customs Admin 5Vis 2d series___1961
A Assent itte
Agricultural
64
52
57%
■\'-22
■
: f-a
§A2d series sink fund 5Vis
\
Foreign Securities
Municipal
25%
52
*80
AAssentlng
&
■
38%
43
57%
-V!p -A
1953
5 Vis
10
40
'
.m-s
.,1977
Assented to Nov. 5, 1942,
Govt.
:
•:
is
60
*84
A Mexico
Foreign
23
36
Af-S
A4'^<!
120
16
:
59%
A-0
Mendoza
2-2300
i:
6
61
*33v.
60
.—1940
Mexican
Telephone
•'
1949
.;
§ A 1st series 5 Vis of 1926
AMedellln
REctor
22%
r:;'
42%
*33
'
-Af-N
1949
debt
iADominican Rep Cust Ad 5Via
J-D
Members New
V
17%
,
J-D
109
24 V'e
2
59%
Vi
*33
"
U-N
•!
58
42%
42%
■
f-a
1951
7s„
gold 5Vis
External gold 4Vis
101
1UU.9
of)
External
101.4
100,23
10.1.2 ; v
ioc.21 100.21
7.
28%
17%
*
,,1947
1948
—1947
J A Denmark 20-year extl 6s
101.2
100.15
*101
J-D
24%
•
16
'
--
59%
*
J-J
ASinking fund 8s series B_i„—1952
.
*101.10 101.12
J-D
24%
17%
A-0
u
(Rep
APublic wks
J-D
v.
A-0
.,,,1970
(Republic of) 5s of 1904—,.,1944
A Czechoslovakia
U-S
Af-N
*20%
Sinking fund 5Vis
104.9
*101.19 101.21
Af-N
j-d
External 5s of 1914 series A
107.8
J-D
&-S
1951
5s
1961
106.10
J-D
17%
1961
A Costa
\
•
*106.8
m-s
17%
Oct
4 Vis
M-S
M-S
Jan
External
-Af-S '
-16%
1928
105.7
J- J
16%
1927—
101.4
104.8
M-S
!
24'% ' '
17
37
17%
i:
;
17
(Republic of)—
100.6
*102
24 Vi
18%
17%
of
104.30
J-D
24%'il
.
17%
of
100.10
•
*101.22 101.24
Af-S
18
17
18
17%
A 6s
100./;;
V
J-D
'"
,
17%
>
1960
(Hukuang Ry)
*100.10 100.12
100
j
25
19
17%
...
25-year gold 4'-is
100.3
100
25 Vi
3
17 Vi
17%
Atis
101
J-D
»
3s external s f $ bonds,,
AColombla Mtge Bank 6Vis
v
' A Sinking fund 7s of 1926
ASinking fund 7s of 1927,
Copenhagen (City) 5s
104.20
u-s;
A-0
..I960
.
107.23
103.24
J-D
A-0
1961
;
*103.22 103.24
i
I
18%
11
*
V
J-D
i
sink fund 6s
iy
High
26
Af-N
-Colombia
107.6
"106
*107.2
J.OO
,1961
,,1961
v,".
U-S
100.2
J-D
Af-N
/
U-S
J-D
_
19
17 Vi
'
106.16 106.17
3-D
:
,.1962
AChinese
*106.11 106.13
M-S
Low
18%
J-D
•
1943
year
No.
!
,,.1962
v
*1.03.13 103.15
'
Range for
Sold
High
.18%
'
J-D
assented
A 6s
A 7s assented
111.26
108.26
111.4
*111.2
109.11
108.15
"111.12 111.14
J-D
m-N
..1957
1957
.,1961
A Chilean Cons Munic 7s_:
I
Low
•
108.21
*109.2
J-D
_1963
assented,:.—
6%s
AGuaranteed
.
1
109.4
J-D
6 Vis
Bonds
Friday's
19%
".J.
"■ A6s assented,,
"1
112.23
108.10
M-S
-
or
Bid & Asked.
Jlf-N
■
Vis1
assented—
Mortgage Bank 6
A6%s assented—
,y.y
104.26
*106.20 106.22
.
1963
AGuaranteed sink fund 6s
103.17
103.11 103.11
M-S
-
Sale Price
—
A Sinking fund
111.28
110.6
U-S
.
Last
Period
'
t
•
el00.25el00.25
4-0
J-D
7
External sinking fund 6s
A Chile
106.9
106.9
(Continued;
(Rep)
;Atis
City
Issue—
Unification
Transit
106.9
Corp¬
Home Owners' Loan
No.
High
Chile
High
Low
,*111.24 111.26
V
.
1944-1964
...1944-1949
3 Vis
'
"103.5
m-9
—-—1958-1963
1960-1965
1945
19*8
.1949-1953
1950-1952
—1952-1954
1956-1958
1962-1987
—1963-1968
June 1964-1969
—Dec. 1964-1969
1967-1972
1951-1953
.1952-1955
1954-1956
Treasury 2s
II
3-D
—1944"^!!?2
.1946-1949
1949-1952
1946-1948
1951-1955
...1955-1960
.1945-1947
——1948-1951
—1951-1954
.1956-1959
try
<
•/
4-0
1947-1953
1944-1954
1946-1956
v
Ended Jan.
.Week
;
Interest
Stock Exchange
New York
;
1
Low
4s
Treasury
Tree
c
Range for
year 1943
Sold
Bid & Asked
Sale Price
Period
"
Bonds
Friday's
or
Government
S.
Treasury 4%s
Treasury
Last
Interest
-
Week's Range
Friday
BONDS
Week's Range
Friday
BONOS
York Stock Exchange •
Week Ended Jan. 7
New
(City)
A4M?s assented
readjustment
external 7s
*55
70
60%
66
72%
52%
5
6«
10
13
10
13%
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4245
Volume
Last
Week's Range
or Friday's
Bonds
Sale Price
Bid & Asked
Sold
Friday
bonds
York
New
Week
Interest
Exchange
Stork
Jan.
Ended
7
•
Period
■
High
Low
Railroad
and
Industrial
AStamped
Low
Week Ended
Friday
Exchange
Jan.
Interest
7
*98
1953
J-D
_1953
J-D
70
M~S
*104%
1907
1947
64 %
—
Low
1949
J-J
1965
M-S
Clinch
&
Ohio
4s
Carriers & Gen Corp 5s w
w____^_1930
Cart & Adir 1st gtd gold 4s
.1981
767/a
102
Celanese
104%
102% 102%.
102
103
104'/8 104'A
102%
J-D
Corp 3%s debs
Celotex Corp 3%s debs.
103'A
106
A Cent
105%
—
99%
10-year deb 4'As stamped
1st
F-A
1946
3'As ser A
M-N
Alabama
Power 1st mtge 3'/2S
_1972
Albany Perfor Wrap Pap 6s
.^..1948
with
*103'A 104
101 %
J-J
_a___1967
:
*107% 108'A
107
A-0
A-O
6s
assented
warrants
62
90'/2
—
*84'A
,.1948
Albany & Susquehanna RR 3%s___1946
3'As registered—
_1D46
62
9 0'/2
-
94%
101'/» 101 »A
101'A
M-N
107%
Branch
U
100'A
AMobile Div
1955
J-J
'
-
.
Central
4.
{5s modified
J-£>
:1949
modified
.1950
5s
*•?
*
.1950
.1998
debs
.1951
.1952
87
89%
f-a
4s
M-S
A 5s
income.
.
Allis-Chalmcrs
Am
&
G
1st
.2030
m-3
.1949
Corp conv 5%s___..
1949
j-j
-
V 107
r*
90
69%
106
110 ■'
4s
98
::•••■'
!
:V- V;:/
106% 107
78%
8
■
103%
104
3'As
3'As
3s
Am
debentures
Tobacco
1966
Co
deb
Wks & Elec 6s
Wat
J-D
116
115% 116
A-O
104%
103% 104%
110
108
M-N
A___1975
series
AAnglo-Chilean Nitrate deb
1967
Arbor 1st gold 4s
1995
Ark & Memphis Ry Edge & Term 5s 1964
Armour & Co
F-A
sink
1st
(Del) 4s B__
fund
1955
(Del).1957
Fe—>,:;
__1995
Conv
-
4s__
gold 4s of 1909
Conv 4s of
Conv
J-D
*110%:
J-D
*110
J-D
*107
J-J
Atl Knox & Nor
1st gold
Atl & Chart A
1st 4'As
1st
Atlantic
.
5s_______1946
111%
J-D
; 70%
91%
M-N
90%
J-J
J-J
tr 5S----J-1959
Refining deb 3s
4%s
204
126 ;
74 %
39 'a
22
32%
8
29%
'
;J,33% 34%-
'«3
/
,83%
110%
__
85
30
60
29'A
27%
22
.,
85%
18'/a
40%
295
16%
38%
29%
29%
■
58
.■
__■■
16'/a
20
9"
34
106'A
231
111
83
100%
36
71%
438
55%
74%
34
65
76
100% 101"'A
,98
21
92%
93
'74
77%
75
77%
76%
'
96 %
•
M-N ■'
:
M-S
;
36
'
■
100'%
; ;4 96%
112 '/a
71
238
33%
32
'
100 %
102
132% 133%
45
130%
137%
M-N
107'4
106% 107'4
30
102%
108%
F-A
107'4
106% 107'4
46
102
108%
U8%
121
115'4
120
—1946
J-J
1989
J-J
gold 4s
J-J
1949
A-0
40
J-J
104%
104
'___
92%
102%
100'4
96%
105
97%
;
104%
102%
_1958
series
M-S
98
99%
188
81
,_1977
F-A
86%
84%
87%
142
65
_1971
A_
31%
93%
F-A
94%
W 92 %
94%
143
73%
!
99%
:
inc. (conv)
mtge
__1997
J-J
'
52%
M-N
&
5s series A__«
gen
'
53
152
.
99%
85
92%
'
76%
77%
24
48%
47
50
53
so
53
47%
45
•
VV-/1
50
J-J
'■
;:}{■
:s" '•
v
M-N
•J-J
38%
48%
14
31 %
58
71
31'A
53%
23
29%
49%
12 %
4
118
6%,
87
6%
50
66%
93
402
88%
'
15%
108
12%
''
■r/;
\
77
34
46
10 Va
v
49%
124%
66
51
t:
; 10 Va
12
./"A /:'// 12 %
J-J
"32
118
*124
•'
J-J
_1966
48%
•
/
...
J-J
A 1st & gen 6s series
B__w—May 1966"
Chicago Ind & Sou 50-year 4s.:
-1D56'
107
15%
1949
J-J
A 1st
105%
104
52
102%
102 Va 102'4
A Refunding gold 5s series B____1947
ARefunding 4s series C___.
1947
,
28
J-J
J-J
;
1,609
1
,
AGen inc mtge 4%s
A
2038
JAChic Ind & Louisville ref 6s A__1947
'45%
24%
'
AGen
73%
21%
1949
4s
:
5s
*117
24%
1949
Division
ref
*121
1989
3s
Chicago & Erie 1st gold 5s
__1982'
Chicago Gt West 1st 4s series A___ 1988
90%!
■100%
;/~3 if
105% 105%'
•*112""
M-S
registered
1st &
93%
70%
,
37%
1992
Chicago & Eastern 111 RR—
/
110
67%
224
-
91%
M-S
——--1953
92
20
•
1st & ref 4%s series B
103%
: 37
33%
Atl Gulf & W I SS eoll
gold
General 4s
:
104 %
j.69 "89%
39(4
J-J
-Oct
114%
107%
A______j.^_1964
gold 4s
108
102'A
*92
28
*23%
1949
4s
111%
;ic2
M-S
27
32% :
J-J
1948
Illinois
111%
104
J-J
1952
Atlantic & Danville Ry 1st 4s-'—i_1948
Second mortgage 4s_——-—1948
Atlantic
105%
105
'.:
J-J
,_._1944
5'As A
Illinois division 3%s
3'/2s registered
107
112'A 112'A
4s—IJuly 1952
cons
—
57%
85
v
^
tAChicago & Alton RR ref
107%
—
35
V;'__
__
■'
19%
58
28
A-0
;__*_'i__„19C6
19%
6 Vt
/
J-J
_^_^____._1942
Prod
2d consol
120'A
96%
95%
-
__
1
V.
111 Va
2
19
J-D.
A—j_1944
B
unified A'/2s
coll
& N
series
1st
Coast
General
L
L
30-year 5s
106%
114%
1st 4s_—_1958
Trans-Con Short L
5s
Potts Creek Br 1st 4s____,
R & A Divi 1st cons
gold 4s
107 %
1960
1955
.
J-J
Banking—
6%
*55
''V-V ' ...' '
1987
1
impt mtge 3%s D
.____1996
impt M 3%s series E:
1996
Ref &
102%
108%
—1955
1905—
gold 4s of 1910—
202
A-0
gold
&
5 A5s stamped
78%
103%
58
14%
F-A
Ref &
103'/2
118% 120%
13
.100
General
12
106 % 107
14'/4
100'%
74
71
106'A 1.06'A
107
50
A-0
J-J
Chicago Burlington & Quincy RR—
"
M-N
23%
84
F-A
Certam-ieed
■
Nov
_1995
:
134
14%
.107% 107%
110
113%
113
^113%
^,.rjl20 %
AO
,__1995
Adjustment gold 4s
V2
102
23
91
40
J-D
Chesapeake & Ohio Ry—
105'A 105'/2
^'.105%
$
'(VA*//
../.General 4s__—
61
51%
105% 105%
J-J
C
90
*102%
A-0
4s series
Atchison Topeka & Santa
V
M-S
debentttre?^^i^A. 1978
7s Income
Stamped
Q-J
57%
68%
/
117'A
2
69
78
76'A
78
•'
30%
33
■
13
Guaranteed
105
36
110
*66
Jan
Ann
49
18
82
1987
110 %
107
100%
171
53 %
14%
Through, Short L 1st gtd 4s___/*1954
110%
107 Va
17
108%
-.108
108'A
M-S
1962
3s__,
107'A
32
107% 108%
108%
.
..1958
debentures
conv
Amer
A-0
—1961
102'/s
53
J.07%
Telephone & Telegraph Co.—
debentures
100%
39%
1987
60'/a
105%
5
81%
a"-0
Central RR
American
107%
48
53
■
1962
107%
14
91%
101
102%
A-O
1987
110%
4
80%
37 %
1961
106%
107%
30
Central Pacific 1st ref gtd
gold 4s_1949
106
...
54'.4
101'4 101V*
,
62
5
4'
M-N
,
Light 3%s___„___1966
Central N Y Power 3%s___i._
: •'
,
High
w
16
105% 106
—
,1
F-A
.
registered
'
—
J-D
___1946
.{• «, ,1 •
V.
.
102
101
••
103% 104
62
:
105%
105'A
88%
m-n ■:/■-t■'
94
Illinois
gold 5s
;V'>**-i
1A Cent Nev^ Eng 1st gtd 4s_
XACentral of N J gen gold 5s
5s registered
:
AGeneral 4s
95%
53%
:■•'.
106'A 107%
89'A'"
5s_____-
conv
41
69%
*105
106'A'
100%
■•■--.70
T : 160%
29
90
/
69%
5%s______
deb
Pow
Chem
Internat
Am
Mfg conv
Foreign
Amer I
.
115
•--•
92
91
,
A-0
Alli,ecl Stores Corp 4As
91%
A-O
Alleghany & West 1st gtd 4s_
100%
1C0 VaV
,
/
P
.•/*"*•
i:-
Alleghany Corp-—
year 1943
AO.
99%
52
J-J
ARef & gen 5%s series B
1959
ARef & gen 5s series C
____1959
AChatt Div pur money gold 4s__1951
101'A
93 V2
101
101
A-O
-/I
110
90
90
A-O
Range for
Sold
109% 109%
107'/a 107 Va
F-A
1962
1st gold 4s
1948
(Central of Georgia Ry—
A 1st
mtge 5s
Nov. 1945
SAConsol gold 5S
1945
Great Southern RR—
intge
Bonds
High
98
109%
.
Alabama
Friday's
Bid & Asked
'
71'A
48'/2
10
71
or
"Sale Price
High
J§ ACarolina Central 1st gtd 4s
..1948
Week's Range
Last
•—
Period
Carolina
1
_____
New York Stock
%
,
Express coll tr gold 4s
Coll trust 4s of
Vo.
:
Companies
JAbitibi Power & Paper—
§A5s series A unstamped____
Adams
BONDS
Range for
year 1943
'
15%
fChicago Milwaukee. & St Paul—
AGen
/
4s
series A
May 1 1989
AGen gold 3%s series B__May 11989
B
1st
July 1948
gold
mtge
(lnt
due
•
1
Oct
1946)
1. 1946)
Dec
:
>
1
Dec
to
series
73%
:
73%
75
-257
60%
£',42%
J-D
^
48%
M- 3
41
42%
.
43
ti
41%
43
31%
"•
34
79%
78%
76%
78%
229
45
78%
79
77%
79
199
45 %
79
/
/
1,533
18'A
47%
Jan 12000
adjustment 5s:
47%
A-O
12%
11%
12%
2,325
4'/a
16'A
65%
/
52 Va
57
'/ AGeneral 4s
/32%
52%
V
■;
M-N
1987
1987
'
registered
64
M-N
65%
64
M-N
^.1987
67
65%
M-N
1987
AStpd 4s n p Fed inc tax____1987
4%s stpd Fed inc tax
1987
j
^
65%
t
F-A
33%
7
66%
65%
66%
68%
105
32%
52%
AGen
1987
M-N
69
67%
24%.
37%
A4%s stamped
1987
M-N
67%
67%
1936
M-N
82%
81
83
J-D
51%
50
Fed inc tax
Ref
gold 4s extended to
1
64
66%
66%
134
51%
70
69
72
157
40'A
62
46
61'A
J-J
59%
57
59%
—1959
J-J
59
56%
59
43
,
»-v-
65%
51%
129
23'/a
50
22%
50
23
50
Bell Telephone
2'/4s
Loan
—
Consol
mtge 3s series
Consol
mtge
1944
1st
v
•-■."/■.
series JJ—
—1960
July 1970
1955
(ABoston & N Y Air L 1st 4s___
mtge 4%s ser A
105
■.
"l
V/:: ;>A,. •';••:
v/:
a_
:■:>—
101
;/r;
84%
54 V-
F-A
44%
Debenture gold 5s—.A———1950
Stamped
.7 7o
.:••■
series C_—1967
J-D
A Certificates
Bush Terminal
•
'•
A-0
1,629
1934
A-O
38%
8
128%
132'A
1952
M-S
./'•• "V 42%
;.
1960
M-N
;
.•
1951
J-D
''/■
101
105%
103%
106
191^4
103
78
94
92%
1
A.
__■•.■■■■: ;■
80
42
73%
54
88
39%
Income
44%
31
23%
...
1952
1960
5s
Bldgs 5s gtd—_—
J-J
'
109
/
!0
-•
108%
•
1st
94%
95%
W 17
106
83%
'
22.",v;,
__
99
Cincinnati
1st
96%
1st
66
,<: 110%
35'A
95
91%
./
72
18
86'A
87
10
11%
St L Div
Cleveland
88%
f
Canada Southern
3V2s
cons
gtd 5s
Canadian National
gold
Guaranteed
Guaranteed
4s__
__1968
aT_""1962
.
1969
1970
;_._Ii955
%s__________l956
gold
4%s__
___1951
Canadian Northern
Ry deb 6%s___1946
Pac Ry 4% deb stk
perpetual..
5s equipment trust
ctfs
'
1944
Coll trust gold 5s—
i
1954
Can
__
Collateral
For
trust
footnotes
4%s_____^
see
page
_1960
132,
109
1969
1993
&
5
108%
111%
118%
32
106%
109
1
113 %
118%
113'A
118 %
106% 106%
116
J-J
*11.5% 116
F-A
.16
41
53
54%
40
38
59%
62
47
28%
59'/a
26
107%
110%
111'A
*108% 110%
110
90'A
M-N
83
82
106% 106%
16
; ___1948
M-N
3s
J-J
1977.':
___1981
4%s series
ref
Line
1st
gtd
.1950
4%s__
J-J
*106'-.-'
1961
s
1st
s
f 4%s series C—_____
gtd
1st gtd 4s—.—_
1977
85%
76%
A-0
4%s
.
(stamped
modified)_______1980
E
deb 5s—...May 1952
Columbia
G
&
Debenture 5s___-____—i._—_i.__*.1961
M-N
M-N
gold 4s__ 1948
4s___—1955
F-A
ACommercial
101%
95%
105'A
100 'A 100%
13
91
101%
t
105
106%
109 Va
108
108
108
105
«
•
8
15.
.29
rt: ■u
85%
_
_
;i:'/.75% .77
45.
^
106
"T~5
i/Vi 83T-"ft85.I£
71
99
75%
94%
64%
59%
' 87%
103%
-».»■_/.■■ _./
•■
56
-
V'..
-
Columbus & H V
Income
deb
1st extl
80
78'A
104
93%
1st
52
109
88
103%
1
109
*113 Va.
_„
53%
46%.
.
109%
110%
10
109
109.
•■
•
92'A 104'A
85
.
103% 103%
95
30
56'A
:103% 104%
103%
107%
111
112%
112%
'■
Mackay Corp—
w—__——-Apr 1 1969
Commonwealth Edison Co—
-
r
104%
M-S
extl
10
83%
>-
-•
;l, 84
A-0
3'/4S_____1970
1st
25
65
__•-'••*••*-
92'A. 92%.
__
i'i-... /
J-J
Ohio El
104%
58%
26
Southern Ry
Tol
101% 101%
61
46
■'V:'
Colorado '&
Sou
104
90%
15
95-..
s
A-O
&
104%
89%
'
A-O
A-0
5%s____.—_1972
f 5s series B gt.d__.____._i_1973
Term
*106
&
101%
71
46%
■•>"
*108—•__•
F-A
Columbus
j.j
110%
113
105
F-A
Columbus
88'A
112
108%
&
114
113%
68
'85%
1990
1970
118
71 %
:
coll tr gold 4s
119%
111%
202
90'A
*91 Va
56%
83%
111'A
6
88%
;
53%
110'A
77
97
109%
__
56%
113%
86%
14
110'A
.
J-J
9
84%
•
*112
96
J-J
M-S
56%
1991
20
111% 111%
105%
55%
1st 4s—
117
86
105 Va
94% 105'/4
97
259
115% 115%
11
.
59%
111% 111%
117
19
«31,
57 '/4
m%
J-D
104'/4
59%
117
A-0
F-A
116
79
110%
100
102%
J-J
109%
9
56%
107%
31
108% 108%
J-D
24
J-D
62
55%
62
A-O
96
116
49
104% 105
J-D
._1945
> 95%
J-J
31
__1977
Colo Fuel & Iron 5s inc mtge__—.1970
"116% 117
J-J
61%
59
-
54%
J-D
—1993
Coal River Ry
A-0
*
75
!*_i
.
—
105
J-D
M-N
F-A
102%
J-J
gold 5s—_____July 1969
Oct
102%
109
A-0
4 %s______l957
gold 5s_.__
Guaranteed gold 5s
Guaranteed gold 4%s___
Guaranteed gold 4
Guaranteed
A-0
1966
_
71
62%
Ry—
Pittsburgh RR—
Series C 3%s gtd___
Series D 3%s gtd__
75
\;
& St Louis
Cleveland Elec Ilium
22 'A
58
1st
A-O
M-N
F-A
1st
Power
53%
2
109%
■■55%
—1967
;
M Div
&
A-0
1st gtd 3%s D___1971
gold 4s
Cin Wab
92
77
Chic
General
Gen
Power
75
8
104
M-S
1966
General 5s series B
i
'/ Ref & impt 4%s series E_
23%
11
:■
314s
mtge 3%s
Cleve Union
Elec
92%
67
••:.
109
:
__
J-J
1957
& Elec
Gas
Cleve Short
California-Oregon
13 Va
70
72%
59%
109%
1952
General 4%s series A
California
/
■
.1943
mtge gtd 3%s series E
Cleve Cin
50%
81
■
69
41
4'/8
'
65% -
>50
1952
5s
Cin Union Term
115%
109
/
__
4
64'/a
61%
1962
deb 5s
Co
ADebenture
105 %
110
'■ ■•■ .■;'V"
22%
21
*88
•
.1963
4s__
(AChoctaw Ok & Gulf cons 5s
109'/a
183
•./;) :
—.£•
V
;/■' /
.
72%
J-J
J-J
1963
mtge 3'/as series F
(AChilds
105 Va
104'A
23%
V'.
65%
—
1st & ref 414s series D
111
103%
21%
A-0
-
V,
289
91%
61%
20 %
935
9%
.
64%
38
,
Chic & West Indiana com
101
1
46%
22%
?\x
Dec 1 1960
guaranteed 5s__
of deposit
Union Station—
'1st mtge 3%s series E
86%
101
•'
• A 44%
23%
A-0
1955
:
42%
90%
77
19
3,359
; 46
v
*111% 112
V,' 46%
39%
*71
33 Va
35
39
9
46%
>
,--■'■ S':>' ■'
36%
9'A
^
66
' "
24
822
76%
61 %
91'A
J-D
M-S
A Certificates
Chicago
•
:58
*109
<
65%
J-D
I960
Chic T H & Southeastern 1st 5s
101%
91
*
■
'.
15
103
102%
:;.iv
mm
101
75%
v
.
J-D
1951
Gold» 3%s
1951
100%
10
4
4
"
102%
,
AConv gold 4%s_
Chicago St L & New Orleans 5s_.
•'.-.
103%
V
1
\
100%
98'/a
8
99%/
84%
105
•
__
v/'
deposit—
1st 4s
Consolidated
Bush Term
13%
stpd
99'A
'
:
v
M-N
—.1934
of
11%
5s
82%
(Burlington Cedar Rap & Nor—
§ A 1st & coll 5s—
12%
___1949
1st
Railways
„•
6'
A
105%
<:
at
...-1957
due
M-N
AConv 4%s series A
F-A
108% 109
■
95%
M-N
F-A
(interest
modified
1946)
to
85
J-J
3
'
Niag Elec 3%s
100
50%
:■
103 % 103 %
•
J-D
1957
1981
1st lien & ref 5s series B—
Buffalo Gen Elec 4%s B
Buffalo
50%
49%
1927
521/a
109
M-N
A—
92%
*103% 104'/8
M-N
6s series
ref
49%
50%
.1988
41%
F-A
—1947
&
50 Va
J-D
49
83%
r
M-N
—1950
v
*92
M-N
Bklyn Union Gas 1st cons gold 5s_1945
lien
J-D
May 1 2037
76%
103
92'A
.
__
J-J
.
Bklyn Edison cons M 3'As———1966
1st
4%s stpd
4%s C
May 1 2037
ref
76%
v
''/2M/ A
106
;
A-0
Bklyn Union El 1st gold 5s__
104% 105
102'/a 102%
M-N
4s series RR—
mtge
Alnc
r
100'% 100%
105%.
M-S
—1955
I
105% 105%
J-D
—1967
—1961
series II—
5s
ref
&
6
1001/2 100 y2
^ ,105
^>A
Big Sandy 1st mtge 4s
1st 5s A C
129% 129%
F-A
—1965
'■59%
'
J-J
—1960
G
3'As series H
1st gold 4%s
&
45'A
99
f:Ti
A-0
—1959
mtge 3'As series F
Consol
May 1 2037
60
•
.'i; 27
:
'
_-;•.•■'■■■
a-o
—1952
Beth Steel 3%s conv debs
1st M
:
98%
••
__
J-D
1950
...1956
debentures.
Boston & Maine
S '.—i. \.
A-0
23
75'A
*48%
■;'■.•
•
A-0
—I960
of Pa 5s series C_
Indus
'■';.: 73%
r
'
1st 3%s__ --1951
75
74
J-J
3-D
1st gtd 3s__1989
Beech Creek Extension
Beneucial
J-J
.__1951.
...1951
stamped
4s
Battle Creek & Sturgis
2%s
.'.O, sy.Jv
gold 5s
(SAChicago
ref 4s
Con
i
& Aroostook RR—
Bangor
67%
81%
A 1st
v
33%
35%
39%
A 1st
__—1950
due
1947)
Toledo Cln Div ref 4s A—
67%
5
■
ref
;
60 %
64%
95
/•>/
A 1st &
/
(int at 3 Va %
S'west Div 1st M
to Jan
M-N
1951
32
33%
34
4
67%
140 >
6%S—
64
65%
68%
595
5s stpd
64
30%
66%
§ASecured
—_1996
Feb 11960
Pgh L E & W Va System—.
32%
33%
M-N
-
;
65
73
142
65%
67
M-N.
AGen
43
70
44%
45%
35%
to
M-S
40%
391
-
46%
32%
141,-
.
74%
67
78%
F-A
243
?
43%
71 ' '
76%
1975
203
43% J
46%
AConv
4s
2000
Sep 1 1946) due
ser F (int at 1%
41%
48%'
Mtge gold 5s series A__
.
77
69%
78%
J-J
•
74%
71
J-J
May 1 1989
(Chicago Si North Western Ry—
:
AGeneral gold 3'/aS
3%s registered
v'4- O
£
3-D
F___
76%
J-J
J-J
77%
a.
—1995
4%s series
E_
J-J
;
May 1 1989
May 1 1989
tChic Milw St Paul & Pac RR—
75%
i,
A-0
due—^—1995
D (int at 1% to
due
59%.
109;
A
(int at lVa%
Sep 1 1946) due
73%
70%
to
Ref & gen
.AConv
73
A-o
1946)
Ref & gen ser
v ;;
4%s
.
4% to
—July 1943
due.
f, Ref Si gen ser C
r'
at
,
Ref & gen ser A .(int. at lty
i,
C
AGen
Stamped modified bonds—
••
series
RR~
mtge gold 4s
lst
4V2s
,':-AGen
Baltimore & Ohio
AGen
w
mtge 3%s series I-,.™——1968
Conv debs 3%s——
1958
May
J-D
j-j
112
115
,
110%
115
18
54
114
110% 110%
1.6
108%
111%
109% .110%
1.3
108%
115%
■'
/
)
130
•:...
:
,•
'
■
..
.
:■
..
■■
Monday/January 10, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
•
NEW YORK BOND RECORD
Ended Jan.
Week
Sale
Period
7
Ry Si L 1st & ref 4'As..
1951
River Power s f 3%s a„—-—1961
No.
Conn
—
—1948
1956
3'/as
1958
1951
deb 4s
1954
debentures
3 %s
3 %s
debentures
3%s
debentures
Consolidated Oil conv deb
t AConsol
Ry non-conv
A Debenture
1955
—1956
—1960
4s
ADebenture
4s——-.
Consolidation Coal s
Power Co—
3'/2S
3'As—
Consumers
1st
mtge
1st
mtge
3'/aS
3'As
mtge
1st
f 5s—
•'"»
mtge
1st
108
;
3
;./
,
106
109%
103%
105%
46%
8
46 %
19
46'A
46%
46%
7
31%
;
■■■7'
108
103
106'A
4:',
98%
46
46
98%
1
40
11
53'A
53%
41
■/;
•"'"w-i
---
103%
51
97%
v;, ./
.
J-J
111'4
93
41
;
109%
101
%
1
38%
;
-
:
---
■
41
531/4
44%
51'A
Internat
20
1st
39%
lien
1st 5s B——1972
1947
60
43'/a
56%
82
99%
'".
4
■/: 45'4
24%
47 %
108%
108 %
11
104%
106%
101%
102%
2
102'4
104
49%
206
247/e
527/0
17%
16%
17%
137
6%
24%
44%
V
43%
44%
68
23%
48%
43%
44%
36
58
102%
44%
v.
48%
,23'4
70
59'4
87
387/a
104%
104%. 104(4
40
102%
105%
107
106% 107
6
104'%
107 7/a
58%
92
101%
"3
95%
102%
J-J
77%
76%
78
284
63'4
80%
F\A
82
81%
82%
270
66%
85%
1
1%
103
.
•
3
3
MS
1951
99%
*97%
103
F-A
deb gold 4'As—1952
——1955
♦Alowa Cent Ry 1st Si ref 4s.
%
47%'
M-N
%
5s—
Debentures
47%
147
98%
'102
M-S
ref 6%s
&
Int Telep & Teleg
80
49
J-J
A-O
J-J
1955
Urn*
62%
102% 102%
106'A
V A-O
#
'
;
106% 106%
102%
J-J
1956>
—1944
Paper 5s-series A & B
1947
77
:»;
'108%, 110
A-O
J-J
gold 5s series C„_
Int RyS Cent Amer
48
101
96%
;
1st
Ref Sink fund 6s series A_—
40%
26%
7
A
54%
44
45'4
A-O
;
65
i,:.;.;
587/a
98%
T-V A-O
-
61
152
■
57'4
.
MS
Intemat Hydro El deb 6s
42
'/:.
100% 101
A-O
40
27 y4
,''r'/Z'"
'
40
98%
45%
.36
*51
J-D
J-J
J-J
:
u
80
52%
1950
30
3
:'
61
47%
67%
*77%
'
42
—Z.
.Zr
*87%
?•'
54
38
41
39
Vn-vJ
68
48%
■ •, •
63%
1
//
—Z
*61%
>
.
78%
1
60
'
54'4
97
8
79'4
72%
*57%
67%
42%
85
60
58'/a
1952
1947
jAInter-Great Nor 1st 6s series A.1952
A Adjustment 6s series A_„July 1952
A 1st 5s series B
1
1956
304
79'4
J-J
Inspiration Cons Copper 4s_
Interlake Iron conv deb 4s
High
66%
97
72
',Zr-4>rr
J-J
F-A
/
48
50%
48%
J-J
:
1943
year
Low
NO.
67 7A
67'4
F-A
-1956
Range for
Sold
High
*95
J-D
27
1
'<■'
50%
J-D
32%
,
*51
J-D
67%
J-J
J-J
Indianapolis Union Ry 3'As ser 5*-l986
Inland Steel 1st mtge 3s series F—.1961"
112%
108'/a
108
109%
103
:
Bonds
Friday's
Bid & Asked
.
M-N
F-A
J-D
196!)
gold 4s
fAInd & Louisville 1st gtd 4s
111%
109
110
52
108%
98%
,
1963
Ind 111 & Iowa 1st
110
108,
2
■/'
„
112
111
V
'
1953
40-year 43As
1966
Cairo Bridge gold 4s
1950
Litchfield Div 1st gold 3s—:
1951
Louisville Div & Term gold 3%s-1953
Omaha Div 1st gold 3s.—
1951
St. Louis Div & Term gold 3s
1951
Gold 3'As1951
Springfield Div 1st gold 3%s—1951
Western Lines 1st gold 4s
1951
1st & ref 4'As series C
108% 108%
*109%
111%
or
Joint- 1st ref 5s series A
103
\
Week's Range
Sale Price
111 Cent and Chic St L & N O—
51 '4
92
r-
108%
51%
32
:'
;
51'4
33
45%
45%
J-D
receipts
---gold
——1952
Deposit receipts—
A7%s series A extended to
1946
ADeposit receipts—
--A 6s series B extended to
.1946
ADeposit receipts
Curtis Publishing Co 3s deb
.1955
108%
5
108%
'
A-O
J-D
RR 1st 5s
104%
46%
M-N
A
104%
107'4
46%
A Deposit
A Cuba
100%
103%
6
105% 105 Vs
105%
M-N
mtge 3Vis—
—
105% 106%
108%
M-N
M-N
1965
1967
102'4
4
'•
,v
,
Refunding 5s
11
101% 101%
104'4 105
106%
J-J
1966
—-J969
Crane Co 2Vis s f debs.
1950
Crucible Steel 3'As s f debs
1955 v.
s a Cuba Northern Ry 1st 5'As-.—-1942
1st
101%
105
J-D
/ J-J
J-J
J-J
- .7
2
111
'
a-O
A-O
A-O
-—1940
debentures
3'As
/■''v.
110
110
F-a
Consolidated
7
Last
Interest
Period
Exchange
Jan.
LOW
114
108%
'
—
//J-J
Conn
Stock
Week Ended
Illinois Central'RR—.(Continued)
113%
100%
*113%;
J-J
Cigar 3'4s s. f. debs_1953
Consolidated Edison of New York—
Sold
Hiah
Low
New York
Range for
year 1943
Low
High
Bonds
Last
Interest
Stock Exchange
Friday
BONDS
Week's Range
or Friday's
Price Bid & Asked
Friday
BONDS
New York
6
D
i970
J-D
1936
j-j
;
45
50
.1935
Dodge 4s ctfs
Edison 4s series F
Gen & ref mtge 3'As series
series H
& Mackinac 1st lien
Detroit
gold
-
M-S
V...
1995
M-N
1950
M-S
1962
j-j
109'A
24%
25
■
f
.
:%•••■■
51
26
34
85%
17
99%
106
m-n
J-J
148%
.1950
J-D
.1970
a-o
06%
;
102'4
:
I
i:
&
Southern Ry 1st 3s_—1950
5s
:
Apr 1950
77%
98'/a
Z-: 86
i-"
262
61%
91
:/,4Z;
61
89
'
71%;" 74
69%'
A-O
J-J
Kansas City Term 1st 4s__
>—1960
>
J-J
Kentucky Central gold 4s————1987
J-J -/
Kentucky & Ind Terra 4Vis—
1961
J-J
Stamped
———1961
J-J
Plain
1961 /•%; J-J
4%s unguaranteed-—
1961
J-J
Kings County El L & P 6s—
.-1997
A-O
Kings Co Lighting 1st 5s—
—i954
J-J
1st & ref 6%si-i——
—1954 ;;
J-J
Koppers Co 1st mtge 3'As
1961
M-S
Kresge' Foundation 3% notes.
1950
M-S
tAKreuger & Toll 5s ctfs
1959
M-S
Kansas City
99%
72%
77%
«
69% >70
76
72%
■
75
impt
^
60
69%
78'/a
13
105%
110 'A
111%
118.
75
108 %'; 108 'A
*114%,,
*52'A 62
-V;
.
,
46
61
85
'■/
93%
*91%
75
62%
93%
——
106'A
;'V
v*93%>->.\
———
—
95
93%
109
105
z
107
108%
105'A
—
108%
100 7/a
104'4
1%
4%
1
/109
*106%" 108
1
103%.103%
*3%
106 7A
—Z'Z-'1'/
'■*
*106%
109
175%
170'4
_.
v.
88%
83
*170
4%
■
151%
100%
'
/
*§AK C Ft S & M Ry ref gold 4S.1936
ACertificates of deposit—
*98%
A-O
A-O
gold 4s—1990
111
148
MS
.1965
67
04
108%
1C3
106
' ;
■
107
110% 111
.1995
■
:
33'A'
lll'/a
107'4
29
.J
■
: v.
109
22'4
>:/
;•
.
102'4
a-o
.1956
:
V.
.
102 % 103'A
:• 106 (A
109% 110
.1948
i-
112%
.
25
46%
37
66
K
Kanawha & Mich 1st gtd
Ref
1071/2
40
;'V
99
:
112%
103%
*102% 102%
109%
100%
5
*108'4 108%
j-j
1965
C|
4/: 15
•
42....:.;:
98%
r't;
/I
20%
89
27
58%"
95% ' 96%
1
-
45
109'A
10
/
Z 105% 106(4
A-O
1937
20
.1 *41%
••'.•j-'. '-i-
lay*
—
^
1961
3»4
18 '/a
6%
110% 110%
105%
j-D
95
-
111
111
-ZD
;•'/• •' '•
:.,'4
j-D
12'A
64%
96.%
50%
3%
280
4%
*181/4
.-.vv-'v'
49'A
22'A
36
-
45
*100%
v;
j-D
1995
4'/aS—
& Tunnel
Term
'
1970
ASecond gold 4s
Detroit,
/
1966
G.
4Va
j.j
A-O
21'/a
49
79
J-D
—1961
Laughlin Steel 3 'As
&
J-J
4s—-1959
James Frank! & Clear 1st
Jones
__
5%
407/a
44
MS
1965
& rer 3s
Gen
;
.1947
4'As—
Val 1st gtd
JADes Plains
Detroit
.
i'
'
80%
74.:.
607
51 '
5
iv'.ij'.' 4%
a-o
1978
JADes M & Ft
5'4
108%
103
v.,
;v-
50
.
46
f-a
F-a
1955
105%
49
j-j
/
.1936
104%
497
81'4
,
/■::
A-O
1973
' 79'A
*105 'A
81
-
103
•:»
*103
M-N
1963
106 '/a
*105
j-j
.1965
'
.1965
stamped—
5s
80
•
/
37'
80
80
64
-
80%
98%
991/4
53
85'/a
99%
20
85
99%
93%:
21
83'4
93%
80
89%
f-a
99
99
f-a
J-D
99%
93%
93%
ref
&
Coll
ref 5'As
&
1960
series D
Lake Sh & Mich Sou gold
registered——.
Ltd—
3'As
1953
3'As—^,.1997
———1997
*87%
J-D
89
101
J-J
102 'A
J-J
65'A
.1947
M-N
*i_.
1971
m-s
103% 103%
66'/a
64%
55
65'4
107%
106'A
106
r; 99 ;> 104'4
;
a
103'4
92%
108
1017A 103
.1995
.2015
1st
1973
1954 A
67 M
24
52
98 Va
97'A
98%
43
78'
98'4
97
98
27 ; "
75
98
1954
1954
—1964
100%
% A-O
M-S
1st & ref sink fund 5s——
?
M-N
.1958
•;
of
Certificates
J-D
.1974
5s.
*102 V'4
J-0
.1959
t A Florida Cent & Peninsular
.1943
102'A 102'A
102'A
M-N
m-s
deposit—
>
—
60
76'A
99
44
99
19%
44 'A
*33'A
13'/2
v
38 Va
20
44
*12'A
i;
5s
1st
99
42'A
stamped
_i.
1st & ref sink fund 5s
112
83
98'A
43%
' 5s
103'A
102%
v:
120
*111
105.r
9f
40
F-A
f-a
93
73
64
74%
63% •73
Z'Z
—
89%
67%
65
67%
24
61%
71
1954
f-a
58
56
58
38
44
4%s ext
1950
J-J
64%
64%
52%
75%
357
29%
42%
ZZ
28%
40
133
32%
45
31%
'
66
15
41%
.——1974
Leh Val Harbor Term gtd
Lehigh Valley N y
*65%
..
71%
6
65 »4
.
83
Zw
5s
stamped.—.
■
85
4
101%
96
87
-
84%
75"
65%
—1974
ref Sink fund 5s—
&
5s
86
84%
*65%
f-a
>;:TC
95%
95%
1964
stamped—.^
.
94%
100% 100%
Lehigh Valley Coal Co—
F
.1961
73%
63%
J-J
1965
1945
Lehigh & New Eng RR 4s A..-—.
%
99%
67
Dec
J-J
1954
mtge income reg
Lehigh Coal & Nav s f 4'As a
Cons sink fund 4'As series C
Lehigh & N Y 1st gtd gold 4s
A
•
"
Lautaro Nitrate Co
Ene
101
2
:
99%
A-O
5'As series' C
Coll
100'4
98
15
-
100% 100%
Laclede Gas Light" extd 5s——1945 v
82 '4
65
9
100'4 100'/a
100'A
■■
85
82%
85
J-J
.1962
3'As.
Empire Gas & Fuel
Railroad Co—
102'4 102'/4
102'A
a-o
"y
__
■
64%
fFonda Johns & Glover RR—
.1982
(Proof of Claim)——
ACertificates of deposit-
§A2-4s
m-n
A
J956
j-D
.1956
m-n :
4%
4%
98%
2'
103%
80'A
8
14%
102'A
13'A
98%
13
*103
28%
15
99'A
Lehigh Valley RR—
4s stamped modified
M-N
2003
2003
—2003
38
Lehigh Valley Terminal Ry ext 5S.1951
gtd
1965
5s
1949
1949
Ala Ry 5s
Oct 11945
f§AGa C'aro & Nor 1st ext 6s
1934
Goodrich (B F)
1st 4'As
——1950
Gotham Hosiery deb 5s w w
1946
Grays Point Term 1st gtd 5s—,—.— 1947
Great Northern 4'As series A
1961
Gas & Elec of Berg Co cons
Steel
Gen
Castings 5'As
f AGeorgia &
General 5s series C
General 4'As series D
General 4'As series E
General mtge 4s series G
Gen
mtge 4s series H
Gen
mtge
3%s series 1_——
West deb ctfs A—
Debentures
ctfs
23'A
50'A
48
50'A
17
13
J-D
MS
»
103
98
30
J-J
101 'A
J-o
99%
103
1962
J-J
103
109
112(4
102%
1st
&
ref Term M 5s
10
92'A
108%
101'A
18
83'A
102%
99%
273
83%
100%
Louisiana & Ark
33
99%
105'/a
Louisville Gas & Elec 3'As
30
93
193
103%
99
stpd—.
92'A
91
Lou
15
J-J
90
J-J
14%
89'A
15'A
15
90
27
42
67'/a
66
J-J
*97
A-O
105
M-N
111'A
Hudson
Co
Hudson
&
1st
Gas
s
f 5s
1st
series
1937
M-N
85'4
1954
M-N
1051/2
gold 5s_„_—1949
Manhattan
1st
5s
69%
9
15%
1st
&
ref
94%
1st
&
ref 4'As
69%
1st
97%
■
J-D
'
^'Z,::
109%
58 »4
M-N
125
80
105% 105 '/a
4
\ 103
58%
93
85'4
56
86
*117
56%
571/4
A-O
28%
27'A
29
'
'
J»J
61'/a
121
19%
31
footnotes
see
page
132.
1231/4
106
107%
ZZ'V''
103'A
105
105
99%
13
103%
98'/8
6
104
104
75
Z'Z;-'
;
104%
98%
104%
104'/a 104%
6
120% 120'/a
3
120
122%
102%
21
101
102'/-
102
48
78%
94%
109'A 109%
1
108%
111'4
102% 102%
94%
1
102%
104'A
93%
109%
95
J
2003
•
102
O
nN r—( O C3
*99%
J-j
15
101'/a 104%
97%
*97
a-o
*97
__
92%
'96
100%
97
59%
59%
2
60 %
60%
63%
36
51%
65
M-N
■61%
60%
61%
102
47
61'A
58
59
22
43%
59%
62
119
46%
62 n
60%
85
108
105'/8
100
95%
95%
53
3
102%
105%
106% 107
8
106 'A
109%
103
1st gold 4'As
South Ry Joint monon 4s
1945
1952
1955
1945
*94
J-D
"
v
103
1
103
zz
96'/8
78'4
■
■
104
107
105
95
105%
94
t-
103'/a
110
19
103% 103%
"111
104%
111%
M
Maine Central RR 4s series A
Gen
mtge 4%s series A
i960
J-D
M-N
M-S
M-N
.
Sugar 4s sink fund..Feb 1 1957
Elec RR & I.t s f 5s
1953
4s
1959
t§AManitowoc Green Bay & North- •
western 1st gtd 3'As
1941
Marion Steam Shovel s f 6s
1947
84%
94
52%
12
47%
59
68%
70
49
49%
90 7/s
(Stamped mod)
ext 5s
...
73
1
73
*101
102
.
97
__
97
*93%
*16%
110
39
70
103
IOO
102%
89%
99'4
;
105'4
106%
IX
111
113%
2
97
*103% 105%
110
70
56
50
100'4
*101
A-O
Q-A
A-O
M-S
A-O
F*A
-
*26
45%
50
:
*52%
A-O
,
8
52
90%
68%
J-J
Stamped
1945
McCrory Stores deb 3%
.....1955
Metrop Ed 1st 4 (As series D_
...I960
Metrop Wat Sew & Drain 5%s—1950
t§AMet W Side El (Chic) 4s_._.__1938
62%
61
88%
Market Street Railway—
63%
M-n
94%
61
94'4
f-a
97
MS
58%.
103%
72
107
103% 103'A
95%
Mob & Montg
AManila RR (Southern Lines)
J-J
J-J
100%
MS
M-S
J-J
M-N
Louis Div 2d gold 3s_
8
105%
99% 100%
107 :•
104
105%
J-J
J-J
1946
series B ext.-..!
1950
I960
1980
mtge 3'As series a ext>.
A Manila
A-O
"""""{952
109%
121'4
118%
46%
1952
Purchased lines 3%s__
Collateral trust gold
4s_I_IZIIIIi953
104'/4
7
•
"
A-O
A-O
A-O
A-O
..
2003 /'
62%
116%
iqci
Refunding 4e_
ZZ'"'
M-S
T<
2003
—
series C__
Paducah & Mem Div 4s
Manati
isZZl
107%
88
I
SiSsZIIIIIII'iSSi
105'4
105%
40%
I
For
5s series B
Unif mtge 4s
111%
93
__
57'4
iqsi
3
50
133'/a
127
*130% 133
F-A
1st gold 4s__z_
106% 106%
104% 105
A-O
J-J
M-S
1945
'
ref 4s series D_;
&
Unif
102% 106
111'A 111'A
Feb 1957
1st gold 3'As
Extended ist gold
1st gold 3s
sterling
Collateral trust gold
/.
1966
Louisville & Nashville RR—
69'A
54
97
__
105
A—_.1957
AAdJ income 5s
123%
*105
Atl Knox & Cine Div 4s
J-J
A—1962
115
55%
93%
H
1999
f§ AHousatonic Ry cons gold 5s
Oil 4'As debs
;
1
*107%
M-S
1969
1st 5s series A
Jeff Bridge Co gtd 4s_
&
75 %
St
Houston
123% 123%
35%
'
M-S
F-A
...1963
—
58
*62'A
;■"
Hocking Valley Ry 1st 4%s—
90
'
J-J
Feb
1952
1961.
_1969
Gulf States Util 3%s series D
Coal
debentures
•
'
1949
—1951
Lorillard (P) Co deb 5s_„—
3s
:
1949
1949
1st & ref 3%s series E__J._.____2003
Gulf States Steel s f 4'As
Hudson
4s series a
stamped
4s
& Ship Island RR—
Gulf
gen
Long Island unified 4s__
Guaranteed ref gold 4s—
112%
102% 103
53
65%
A-O
M-S
20
98%
43%
64%
M-N
Long Dock Co 3%s ext to——1950
99%
27
102 '/a 103
42 %
121% 122%
101%
111% 112'A
100
43%
•104% 106
Little Miami
105 Va 108
J-J
5
55%
97
*99
112 «/2
-
'
106%
109
103%
110% in'A
J-J
39
36
F-A
debenture
5s
35
65%
J-J
A-O
1951
1955:.'?%
Liggett & Myers Tobacco 7s
34%
19
99'/a
5101% 102
J-D
Feb
mtge inc 5s series A
37
22'A
106% 107'A
:
J-J
1975
2015
20
101'A 102
23'A
j-j
1946
1946
-1967
B
Gulf Mobile & Ohio 4s series B
AGen
102
J-J
AGreen Bay &
A
J-J
J-J
1952
1973
1976
>1977
General 5'As series B
—1944
Libby McNeil & Libby 4s—
J-D
35%
37
36
A-O
Lex & Eastern 1st 50-yr 5s
•
*32
;
:•
33
35
M-N
%.
M-N
A-O
2003
>.2003
;,•>*. 4s registered..——;
r
4'As stamped modified—'—
4'As registered
Ss stamped modified—
1
84
96
._
—
6%
15%
Volume
Number 4245
BONDS
New
York
Stock
THE COMMERCIAL & FINANCIAL
V
,
Week's Range
or Friday's
i
Last
Low
Michigan Central—
Jack Lans
1st
gold
Ref
'
■■'
M-S
1952
i
M-N
impt 4'As series C,—.i..l979
Michigan ConsOl Gas As,—
:._1963
j § A Milw
N J
Agconsol ext 4'As,..
A
Ref & ext
§ Alst
4s
cons
§Alst
13
104 y8
55
v
M-S
J-J
M-N
1
:V
V 27%
7%
Q-F
7%
3%
7%
.
,...65
9%
4
8%
2%
J-J
A25-year
M-a
5'As
__1949
Alst & ref 5'As series .B
t A Missouri-Illinois RR 1st 5s„
Mo Kansas & Texas
1st
—1978
16 'A
52
15%
2%'r
73%
,73%
496
24
V
7
=#•
1
76'A
58%
56%
57%
31%
7%
64'%
95
.
Alst mtge
77%
.
Missouri-Kansas-Texas RR-^» y-v,
Prior lien
40-year 4s series B
-;•■
>,
Northern
5s series A_—, 1962
b
J-J
*•' ■}
«r'\
■
v •' >
•'
.
A-V
J-J
.
,
'
-V 55
J-J
1962
._i
Prior lien 4'/2s series D-——. 1978
adjust 5s series A
Jan 1967
/..-A Cum
64%
A-d
b
40'A
7
,
b
■■ ,v
58%
.
•y
.,
68%
54
55 '/2
57-
68
58%
56
-7
;
%
,592
67
33%
54%
35%
,
.
■'
118
41%
36
40%
5.7 >A
i
i
ACertificates
AGeneral 4 s,
).;!
Alst & ref ,5s
-•v'.b
ref
of
of
ACertificates
M-S
1978
M-N
'' '
,/X': 58y4
of
,
58'/a
r
M-N-
1980
A-Oi.,'
'J
"
:
.
59 Va
.--11
607.•
35%
:•—
M-S
1081/4 108%
8
108%
110%
108% 108%
1
108%
112%
104 >/4 104%
102%
106
J-J
A-O
F-A
b ; F-A
1981
;
343
5%
v.
58%
'
•
36 »A
b
F-A
C
36%
58
-
/;
I960
1965
■
/W
r,\
;
b
M-N
1968
3'As_
';'•■■
114
114
95 y4
•
51%
.
;%
'
..%■
49
7
O-A
M-N
bjb:..
7
■
45
by'
1974
M-3
3y2s
"121
A-0
J-D
106'A
104%
■
.,
,1949
M-S /'<■••-:
M-3
1965
A-O
,.1954
107
,1948
110
;
b
•
b
103
/
7
107%
:•
■-99%
■;'
37 y2
31%
5
54%
,50%
46
108%
1997
b
Q-J
84%
■
82%
-
105% 106'A '
'
104'/8 104%
:
84
84%
.
lOJ'A
,'ci;
A-0
1983
:y:7
,,
■
%
,1935
.-■
5
,j.~"
:'
J-J
80%
82
.2047
J-J
68'A
67%
68%
12
55%
681/4
2047
J-J
68%
67%
68 y4
107
55%
68%
impt 5s series C,„,
series D
States
103
bb' ■'
77
1956
96
62
b6i%,
74
b
12
'
F-A
71
621/3.,,"
,1967
-
1972
Elec
3%s
debentures,,
71%
74
F"-A ":.b
;b
A-o
—
„,7
70%
.
74%
80
H
A
Transmission
1st
5s
1st
76%.
i
^
i.75 V
J-J
•
A,
■'•
■
"103%
1st & ref M 3s series K_,____
;
'■
59
63%
58%
1,233
63
65%
707
88%
87
89
M-N
•245
83%
86
78%
81%
72
69%
72 V'a
65
67
F-A--"
F-A
F-A
1978
67
64%
gold 4s._
63%
62%
"59
'
'
—
:.
v
A-0
N Y & Erie—See Erie RR
gold 5s„,1948
J-D
Mtge 4s series A
."
V.
■"
"■
78%
■
by/
109%
—
-2,
;
•
I
50%
ANon-conv
deb
lAs—1947
3y2s-___„__,—.1954
deb
4s—
1955
.—,1956
M-S
-
108
70%
"l 77%
■'■■
64%
100
106%
65
86
71
71%
107%
77%
•
110'A
/■ 102%
46 y2
47%
104
47
46 •;
>•
45%
46
•
17
60
b
48
V
'
159
...
'146
':
"106
31%
49%
33
32%
16%
19%
176
8%
21
49%
284
36'A
55
86
75
31%
363
37%
.
416
102%
105
v
2
99
—
67
•■■'■'•; 3
86
57'A
98%
115 'A
117'A
101%
103%
106%
109
101
107%
104
106
102
109%
9
103%
106'/8
4
106%
109%
39
98'A
H 0 CO £
2
108%
110%
108
-.
110%
•
M-N
102 % 103 %
"105'A
15
—
109%
-j.
106 V'a 106%
—
108% 109%
.
108% 107%
107y2
.
,
•
1960
,,,1965
A,__
108'A 108%
108%
F-A
J-D
B—,,—
1968
1970
99%
98'A
121
J-D
H6y4
121
109
110
216
99%
110'A
6
88%
62
101%
17
115% 116'A
108
49'A
85
12
90%
254
89%
98 'A
37
96%
106'A
1984
J-J
106%
105% 106 %
42
95%
106 y2
99% 100%
393
90%
100 •/«
mtge 4'/4s series E
deb
3y4s
'
—1952
>
A-O
&
Eastern 4s
—1947
ext
100»A
M-S
112
A-O
Apr 1990
.1974
Apr
■
Marquette 1st series A 5s_.—1956
series B_
5
112%
55%
56
12
44%
23%
23%
33
5%
*105'% 107
96 y4
M-3
J-D
gold 4y2s
series
1974
B
41
72%
96%
88 %
16
64%
88%
83
58
57%
84%
106% 107
106%
12
104%
107%
97
"128% 134%
J-J
Electric
coll tr 4'/4s
124
118%
5s
106% 107 y4
21
110% 110%
10
1961
J-J
1967
M-3
1971
J-D
.,1973
J-J
43Vi
M-3
19%
—,1962
M-N
"105
M-3
3%s
stamped
:—
deb 6s
debentures
of
,—1963
s f 4S—-1937
deposit
1st
125 Va
J-J
110%
"102
./•
■
103
38%
17%
—
96
•
107 y4
43%
972
19%
515
110%
112%
102
,
104%
20%
8%
43%
19%
106%
7%
7%
3%
9
6 Va
47a
7%
1037/8
:
104%
6V8
7%
;
106 Va
"104y2 104%
—
104
105%
104
107
__
Pittsburgh Cine Chi & St Louis—
Series
4s
D
guaranteed
1945
M-N
—.•;
.
'
3eries E 3J/2s gtd gold—
F 4s guaranteed gold
—1949
Series
G
4s
Series H
1
Series I
Series
J
guaranteed—
cons
cons
cons
Gen mtge
J-D
1957
"112 V2
•
F-A
guaranteed 4y2s__1964
5s series A
mtge 5s series B
—1975
4'/2s series C
;
J-D
A-O
...1977
J-J
,,
.124
—
,
123%
119%
HG'A
106% 107
123'A
105%
"115% ii6y4
116
114
119%
.
113y8
112%
.
■>119
—
116
113
111%
"113'4
M-N
1970
Gen
:
110
—
"113
F-A
1963
4y2s—
M-N
1960
guaranteed 4s
"104
F-A
,1953
Seri 58
117
13
105
117
3
100
107%
104
41%
58%
1
109%
111i/2
1
104%
108%
1st mtge 4y2s series B
1959
106
109%
1st
1960
2
129
111
124
124
1949
1st & ref
58 Va
24%
107
87%
F-A
,,1977
series C
ii2y4
82%
96%
--
82%
>
106%
1st gold 4s—
5s
1
6%
111
23Va
J-J
1952
112
56
'
J-J
1980
3y2s deb
conv
'
F-A
1956
26
.
/
1960
4s—.
Pekin Union Ry 5Vis
&
4
81
117
98%
56
10%
110%
103%
f§APhilippine Ry
49%
62%
99 'A
119% 124%
97
4
107
"
,,
A-O
52
107
.,■,
106% 107'A
J-J
1970
10
''10 TVs 108 y2
"101 Vz 101%
"109
M-N
10
110% 110%
V
•
55%
J-D
•
,1.
F-A
Gen
t A Harlem River & Port
Chester—
111%
106
106
3s
53
48%
M-N
/
1
M-N
Philip Morris Ltd deb 3s
52
49%
132.
110'A
108
98%
Aref
49
31%
82
page
10
86
98%
"116'A
F-A
^
1st & ref mtge 2%s—
^Philadelphia & Reading Coal—
'
85
see
series
Philadelphia CO
52
A-O
footnotes
107
104
-ir
80%
34
69
•
48
J-J
106%
106'A
i06y2
74%.
1940
For
series
General
'
55%
2
46%
J-J
1
7
104
80
„
:
.
J-J
1948
gold 4y2s
'Phelps Dodge
105 V'a
51%
Rys prior lien 6s stamp______1958
N Y Steam
Corp 1st 3'/2s
.,,1963
108
112%
103%
103
A-O
AIncome
112%
100 •■
''
14
77%
46%
M-N
112%
A-O
Peoria
110%
•
47%-
A-0
99 y2
112%
110
109
3
22
110%
10
•
■
46'A
M-S
92%
109'A
-
1981
AConv
••
•
45%
1992
86
'
J-D
"
May 1 1948
si«king-fund 4y2s
General
107%
\ 2
103% 104
•" '
.
4s____
3%s serles C
mtge
Conv
79%
.46%
N Y
gold
sterl stpd. dollar
Peoples Gas L & C ref 5s
100
45%
,,1955
N Y & Putnam 1st
cons gtd 4s____1993
N Y Queens El Lt
& Pow 3l/2s
1965
V
'
115% 117%
46%
1954
4
110
104
102 >A
101
50%
—
•
14
105%
"106
F-A
1969
•
gold 4%s series C—
46%
4s
Consol
Peoria
5
.~3
'
110%
47%
J-D
105%,
110%
108
M-N
1974
4s
51%
1957
110'A
99 y4
.
'
debentures—
1st
J-J
JAN Y Ont & West ref
gold 4s
AGeneral 4s
Light 3y2s
1st
1948
Alst & ref 4'As series of
1927—1967
110 y2
106 Va
■
108% 109'A
__
J-J
__,__1968
97%
6s
4s
Power &
D
ser
87%
AConv
ADebenture
109%
108
Gen
66%
J-J
6s
108
General 4y4s, series D—
61.%
certificates 3'As_—1956
§ A Collateral trust
98
V'a 111'/a
105
A-O
J-D
I960
6s____,
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'/;■
66
18''
108% 109%
J-J
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•■■
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105%
:
3%s
5s
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;
ref
&
General
1
,
A-0
y
.v
'
111
"110
.
F-A
ACertificates
ANon-conv
1966
4s
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48%
"115% 116
; '•
M-N
3
1
J-D
1963
Phila
M-N
M-8"
3
108%
109% 110
J-D
Secured
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■87%
1
105 % 105%
1947
107 y4
105%
"97
,,
111%
J-D
V
1981
JN Y New Haven & Hartford RR—•
4s__..,__
■
.
1955
Pa Ohio & Det 4%s series B__
86%
72
100
110
1973
104%
106'A
"
^
2
J-D
,1960
T
29
V-
78%
100
108
108
'
J-J
4'As series B
deb
Phila Bait & Wash
78%
F-A
1973
110
104%
5
^
103% 104'A
—/
M-N
61
4
..'■
105% 105%
M-N
_____2043
106%
102
,-'."■
33
J-J
^1966
f gold 4%s
s
3y2s trust ctfs D
67%
•;-.
J-J
West 4s series A__
107% 111
'
•
■
108
J-D
4s
74%
310
101'A 102
105%
1949
2043
.'- 'b
.'
108
1952
4%s
67%
;
60
2000
•
19%
105
V,
69% •'82
.
Purchase money gold 4s_
Y & Harlem gold 3y2s
6
'^•-.-
•"■,>.■'
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1944
Pere
A-0
''
12
'
w-4 r—( 0
0 OO
108% 108%
1971
Pennsylvania Glass Sand 3%s^
"67 V.
53
88%
'
1965
109% 109%
•
A-O
4y2s
48
97
A-Oy
,1966
■'
M-3
Trans
Guaranteed
75%
47%
87
A-O
3'As series E
111
110'/a 110%
1944
1st
52%
67
95%
F-A
109%
108
108%
1955
70
36
64
87%
1947
& 111 1st
General
47%
63
97
A-0
—1951
3'As series D
106
3
110%
Paterson & Passaic G & E cons 5s_1949
64%
:■•
A
A-O
.
1963
notes
7
51%
r;
146
M-S
1947
21
J-J
Parmelee
"
".■ ■"/ 516
56%
81%
C
76
J-J
Paramount Broadway Corp—
1st M s f gold 3s loan ctfs
75
62
1974
deb
112%
101
"
.
79%
Z
■'
85%,
1st mtge 3%s extended to
N Y Connecting RR 3%s A
4s
110%
110%
16%
.
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47%
65%
1998
1st
Co
Pennsylvania Co—
52%
"
70
58%
1998
"•
J-D
72
50
:2
A-0
Ref
deb
108%
101
."
71%
A-O f
1998
16 y4
fi-
J-D
611/4
F-A
York Chicago & St Louis—
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ANon-conv
58%
105% 106 %
J-J
1
97%
49%
:
J.—
F-A
registered.
ANon-conv. deb
12
,,
'
%
1
44%
•'
J-J
„
ANon-conv.-deb
66%
28
.
'
1961
v
58
75
1997
gold 3y2s_—
registered
Lack &
84
%■'? 10
.
1998
registered
Mtge 4s series B_____i-_
433
J-D
1962
mtge 4V'2s ser A—
ref mtge 3%s series H_i
Cons
New
N Y
62%
81%
'
,1964
75%
51'A
.y
69
j-j
Mich Cent coll gold 3%s
N
71
69
73% .76%
:'b
.—
7
—.1997
Lake Shore coll
N Y Gas El Lt H & Pow
50%
42
107% 107%
'<•••.
.
M-N
con
Panhandle East P L 3s B,,
50
47
2013
3.y2s_
Coast
&
lst
Gen
1952
16'A
105%
\
J-D
—1945
Pacific Tel & Tel 3%s series B,
48
j,
',*.7
2013
impt 4%s series A
impt 5s series C_
Conv secured 3'As
ref
334
__
M-S ".■•■'
•Pacific Gas & El 4s series G
108
%
441/a.
11
1998
Ref &
&
56
62%
111 V'a 112
"
.
108
41
6
313
74'A->.7
69
'r
•
——
Newport & Cincinnati Bridge Co—
General gtd 4'As
i
1945
1st lien
40%
J-D
; •' Ref mtge 3%a series C_
97
104
"
•
25
V'iy,
> ■•
72
72
v-.;>
1st
•'
j-j
—1966
:
•
61 Va
b'bJ>.V ■••■'"■'
,1956
Dock
4
108%'109
109
-
M-N
mtge 4s
,,1948
111
103
44
96%v
_
Y
.320
J-J
gold 5s
83% "96%
104
72
•'
'
F-A
b
Conv 5%
81%
J-J
Pacific
*
5s
N Y Edison
55
51
61%
62%
M-S
125%
73
23
94
103% 104%
96%
A-O,
_—,
N
3
53
51
'
J-J
■v-.A-A .-/bC
series
55
-
Power Co—
Paducah
106
95
■
!
"
"103
■•
4'As
89
.,2047
impt 6s series B.„
&
118%
1221%
r ■•■'/•■
108%
94%
"93
A-0
3%s
69V
J-J
Otis Steel
86
•85
116 Va
-12
''''''
3%s
94%
:2047
119
7C%
10'
...
100 y4
70
•
V..-. :V
ACertificates
3%s
88'A
69%
72%
316
'
f,v ""1st & ref mtge 3'/2s series I„,
1966
1st & ref mtge 3s series J
,..,,1970
105
95
116
204
"
7.
105
103 Va
■'
J-D
b
84%,
"107
•
95
A-0
,1953,
River
94'A
65
50
Q-J
Q-F
gold 4s,..—1946
Ore Short Liny 1st cons' gold 5s.
,1946
..A Guaranteed stpd cons 5s_,
1946
1961
Oregon-Wash RR & Nav 4s
108%
101%
;
4
r;^b7'!*7
85%'-/';
117% ,'
124% 124 y4
84 -.-b'
"81%
J-J
,1955
b
84%
..
? /•: *;b'b
J-J
J
,1952
Hud
■
-
1
Q-A
/Oregon RR & Nav
105 %■■ 108'/«
102%
:-■'
-117
117
F-A
,1952
17
//< 76
; ;10
•:
j-d
1986
V
189
p
■
M-N
&
94
48
70
92%
-/;■ :■';
112 V*
68%
.•
104% 105 -rob
85>/a
j-j
Cent
70
88'A
V
,2047
&
Ontario
110%
111%
-
"iooy8
j-j
1952
N Y
114%
72%
■■:
Ref
4s
100%,
35 y4.
/
113%
96 %
/A 89
-:0
103
105
j-d
1945
&
123
113
122%
,,,1997
mtge 3%s
Oklahoma Gas &
114
103%
6
123
'■
'
Ref
132%
can¬
1st
109
,-V 124
7;
110
'
82
84%
M-N
3s_.
series
124%
119%
P
F-A
.,1949
3'As sinking fund debentun
RR 4s
129
40
Jan 2047
Ohio Edison 1st
V; 1st mtge 4s
7
161
••■
.
Vv;
"111%
,1960
Central
129
"125
N
Y
129
85%
49
O
65
/'
,'.•■
4
49
43%
7110
ivr4':
,1978
N
73
29%
34
%
:
7
b: 43
/
51%,,;
47%
b' 44%
U
101'/a
7
r
"b
'■>
:
95%
48%
:
j-d
1947
\hf. 2
-
ib .105% 106
95%
J-D
M-N
1955
Alst
97'
M-S
59
45
100'/a lOO'/a
1955
mtge
57
39
1974
59%
38
.
7;
113
114
M-N
2000
61%
106
"■
555 b 7 35%
Vrybybb
i-J- hi—V*f- "111
:
v
b;: v'
58%
.
104'A 105% >7
'b;
.
b,'
A-0
J-D
1958
\
*.<
A-0
b
7
-J,
"57%
-■
'V-'
.1951
1st
83 %
37%
"37
597/a
56%
'
'b
M-S
.1966
Steel
82 y4
15%
190
"57
—
National
83 %
?§AOg & L Cham 1st gtd gold -4s_1948
1
10 y8
58 y2
."57
deposit
...
Prod
90
22%
58%
57'%
VH
9
>
1966
Distillers
18%
111%
'
Monongahela W Penr. Pub Serv1st mtge .4%s„.
6s debentures—,—
Nat
16
108%
8%
1st & ref mtge 3y2s._.
1967
(Wise)- 1st mtge 3y2s,—_
^,1964
Northwestern Teleg 4%s ext.,
1944
59%
83
A-O
(Minn)
58
36%
,
87%
;
Northern
597/a
35%:
11
226
9
3s
Ref & impt 5s
■27%
■b 35%
774
•
59%
35%
v
56%
58%
y
35%
.3.'.
58%
10
:
121 C;
57%
56%
57%
deposit
& T
23%
56%
:
56 y2
22'/8
7
58% ;
1949
,
5s series -I—
States T
22%
■
58% V-
56 %
.
56 %
1991
Mountain
,j.7-(
deposit
of-,
ACertificates
M-S
b
56%
58%
V
—
G,,»
gold 5'As
ref
:
1977
deposit
series
Alst & ref gold 5s series H
Alst &
F-A
■
v•
7
series-P-i-wf—
5s
ACertificates
AConv
1965
*
I975
ACertificates
Alst &
;
of, deposit—:
15
impt 4y2s series A
Ref &
•
Alst & ref 5s.series A
19%
11%
1945
Ref
^Missouri Pacific RR Co—
...s,.
registered
45%
12
575
deposit
Gen lien ry & Id gold
3s registered,,,
38
br-19
'•.
4s
31'/a
2
2iy«
1961
guarantee)
of
20%
2014
Pacific prior lien 4s
•
216
of
ACertificates
FItgh
58
18%
M-N
.
Ry 1st gold 4s,1996
59%
Low
"109
1998
gold 5s (stamped
cellation
.'100
year 1948
No.
37!%
"85%
J-J
& Western
Range for
Sold
11
il'/a
M-N
,1946
1st 4%s
Central gen & ref 5s_,
Gen & ref 4y2s series A
tNorthern Ohio Ry—
10
41%
177
1943
Bonds
High
18%
F-A
North
30»/2
1%
Friday's
34
'
J-J
30%
-
4>A
2%
100. / 100'
J-D
16
5%
"5.
j-J
4s.b———1990
12
30
."2%
j-j
1959
1;
30
30 %
29 %
J-J
J-J
30%
30
___1938
1940
,
,1967
Norfolk
29'/a
30%
J-J
1938
5s
gold 5s
F-A
A Gen mtge 5s conv inc
t§ANorfolk Southern RR 5s A
,8
Sault Ste Marie
§ Alst stamped 5s gtd as to int„1938
Alst & ref 6s series A___
1946
or
Bid & Asked
37
„„.1937
Norfolk Southern Ry Co—
1st mtge 4'/as series A
30%
2%
4y2s„,i,_i.-i,_.
J-J
Niagara Falls Power 3y2s,-_,.,,,-.1966
Niag Lock & Ont Pow 1st 5s A-,, 1955
Niagara Share (Md) deb 5J/2s
,,1950
59%
61
•?
49
28
"3%
M-S
1962
77%
•27%
gold
1937
t§AN Y West & Bost
38
60
Sale Price
N Y Telephone 3y4s series B
96
60
Last
Period
ATerminal 1st gold 5.s_„
109%
65
77%
§A2d
§ A General
78
63
60
V
;
,
49 'A,
77
Week'# Range
Interest
tSAN Y Susq & W 1st ref 5s
102
2
99
"58
,—1949
97
59
77%
J-D
1934
stamped
consol
57%
99
1941
50-yr 5s series A
13
Friday
Exchange
Low
92y2
74%
Stock
Week Ended Jan, 7
;
High
78
3
..'■55
55
J-D
1947
gold 4s
tMlnn St Paul &
Low
104% 104%
104%
A-0
._1939
1st'gtd
ref
No.
_-■'■
■
73
74
M-S
1st ext 5s—,1940
tAMilw Spar & N W
4s
t§ AMilw & State Line 1st 3%s
t A Minn & St Louis 5s ctfs
1st &
High
New York
1943
year
102% 102%
102%
J-J
& Northern 1st ext 4'As—1939
A
"■90
195X
&
tSAMidland of
Range for
Sold
/■"■'. ■'
&.Sag
3'As—,
BONDS
Bonds
Sale Price Bid & Asked
Period
1
-
«
Friday
Interest
Exchange
Week Ended Jan.
CHRONICLE
12%
7
Pitts Coke
Pitts
Steel
1st mtge
& Iron
1st
conv
4y2s As
mtge 4y2s
1952
M-3
—1950
Pitts & W Va
,1950 \
1st 4y2s series A_„_1958 '
mtge 4%s series C
'
J-D
"103
103
J-D
103%
61
103
98%
103%
103
59%
2
103%
98%
103 Va
38
55
64
58'/2
A-O
A-O
95
102% 102%
J-D
4 y2s series B
60
60
25
53%
63%
58
60%
26
53%
64
Monday, January 3, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
132
NEW YORK BOND RECORD
Week
5s series B
gen 5s series C—
1st 4%s series D
1st
gen
1st
A__-1948
J-D
$A Providence
X L Providence
Public Service
1972
2037
2037
111 3Vis—..1968
1st
&
rel mtge
1st
8i
rel
mtge
3s.———
5s
1st
&
rel
mtge
8s
Public Service
of Nor
&
Gen
124
.2000
ref
series B
5s
A-O
Rand deb 3Vis
Republic Steel Corp 4 Vis series
Gen mtge 4Vis series C
Revere Copper & Brass 3Vis—
Remington
"lll'/e
81%
79%
82%
94
82
80%
82
76
67%
108%
110%
95%
"97
.1964
102 Vi
1st ref 4s
Ave Ry
AAdj
M-S
J-J
71% '
71
72 '
A-O
31%
30%
32%
96%
99
1960
ja
income 5s
•
■ry.:
15
J-D
Af-S
"116
1953
J-J
"«•
106%
...
"222%
:
1971
(Chic)
Oil of Calif 3s deb
111
"18
1959
1967
F-A
103%
103% 103%"
J-J
103
103
103
1947
1970
1971
1980
J-J
108%
108
A-O
103%
M-N
103%
102% 103%
J-D
110
109% 110
"
*§AUnIon Elec Ry
Union
97
99 %
75
88%
94
95%
249
78%
95%
94%
95
78
95%
41
102%
28
101%
19
101%
106
41
106
105% 106
105% 106
101% 101%
101%
18
108
58
49%
295
27
81
44%
49
%
deb
mtge 3%s series A
Cigar-Whelan Stores 5s
United Drug
124%
RR & Canal gen 4s
U N J
109%
108'A
"109%
42
187
22
12
48
9
14%
14
11
9Va
15%
2.05s
H
•
2.15s
2.20s
...
2.40s
199®
fSt Louis Iron Mtn & Southern—
A §Riv & G Div 1st gold 4s
*;"•
1933
ACertificates of .deposit.
4s stamped
——1933
Certificates of deposit
St L
Louis-Southwestern Ry—
1st
4s
bond certificates
bond ctfs
34%
33
34%
19
32%
33%
3
18%
37%
37%
268
20%
41%
20
40%
•'
36%
37
"35%
-V',.'-
36
i,';.
85%
21
65%
49
46%
40
123
27%
92
5
85
92
6%
22%
43%
43%
102%
46
21%
28%
Pac
(Cent
4s
Gold 4 Vis
Gold 4Vis
Gold 4 Vis
—
San
South
Pac RR 1st
Southern
—
14
29%
1
17 Si
F-A
100%
75
;.
31
...
gold 5s
Southwestern Bell Tel 3Vis
1st & ref 3s series C
Southwestern
B—
...—
Pub Serv '4s'.-—:..-
99%
"100% 101
F-A
"52
A-0
"104
102
1st
102
57
Penn Power
'94%
J-J
A-O
82%
Af-S
110%
80
A-0
107
123%
107%
V
109%.
T23
V
107%
"107
105%
J-J
105%
123
106%
>,;• rv
7'V
105% 106
'
105
V
100
72%
86
8
Apr
70%
108%
111
60%
•56
102
37
A-O
83 %
89
100'A 102
68
70%
Apr
J-J
44
68
34
56
26%
37
„
27%
37
97%
98
13
38%
40
16
'94
F-A
\
31
V;
'•
120%
108%
V:V'-. 6
110%
106
112
17
109%
112'%
157
84%
--i
'
"110%
112
J-J
104
118%
109
98
104
104
'100 •'
109
Af-S
45
88
102
99%
"118%
J-D
36
TOO
91.
"99
F-A
35
25%
...
Q-Af
35%
26%.
...
"37%
A-O
100%
91
214
61
112%
97
M-S
70%
-
66%
67%
67%
65%
West snore
91
54%
69%
55
68
'
677
102%
93%
417
52%
.
66%
'
68
87%
101%
611
101% 102%
-91 %
94
70%
80%
77%
80%
V
Af-S
80
77
80
85
92
A-0
96%
73
73%
75%
207
68%
94
42
87%
98
96
97%
55
92
101
5
M*N
102
84
100%
41
89%
99
88
111%
M-S
87'/«
102%
83
102
55%
59 %
60
53
55
56
41%
56'%
1
102%
104%
10
109Vi
111% 111%
91%
92%.
Af-S
44
92%.
"116 Va
J-J
—
60%
57%
61
18
16%
143
18%
15%
101%
88
111 Vz
93
16
100%
101%
116%
47%'
67%
47%
deposit
Af-N
•
102%
61
43
U4%
29
101% 102
A-O
86
.:
8
65
14%
26%
15
23%
112%
1-
109
2
107,' 108%
102%
7>
101%
101% 101%
223
95%
110
A-0
110
J-J
3%s__.._1971
102
10
102% 102%
J-J
Wisconsin Public Service
77
84
154
55
J-D
Wisconsin Elec Power 3%s_—1968
.
77%
107% 107%
v
;
103%
.23
36%
102%
58%
1949
36%
95
101 Vi 101%
J-J
JAWisconsin Central 1st 4s
113
V.'
94
102
95
V 40
103
102
J-J
Va Pulp & Paper
102%
102'%
V
2361
of
102
102%
.
Af-S
SASu & Du div & term 1st 4s—1936
ACertificates of deposit..........
-
,100% 101%
J-D
2361
1st 4s guaranteed
ACertificates
81
100% 101
101
7
106%
106%
105
102 V'a
Af-N
91%
82
92%
75%
A-0
Af-S
3s
..1954
Wheeling & Lake Erie RR 4s
..1949
Wheeling Steel 1st 3%s series B_..1966
Wilson
Co 1st mortgage 3s.__._1958
Winston-Salem S B 1st 4s
I960
West
101A
~
106%
J-J
:
1951
I960
.1951
Registered
66%
53%
67%
93%
A-0
99%
68'A
J-J
J-J
91
98%
1950
Westinghouse El & Mfg 2%s
68
69
i
65%
M-N
J-J
88%
98%
.1946
5s
98
577
71%
69
M-N
A-0
90%
J-J
1946
A
Teleg gold 4Vis
25-year gold 5s
72%
326
95
"90%
69
153
97%
95%
J-D
M-S
A-0
1977
Western Union
109%
J-J
101%
.1964
J-D
111%
111% 112
110%
112%
.1968
J-J
106 %
106% 106%
3
105
108%
.1972
Af-N
110% 110%
3
107%
111%
:¥
54
54
41%
102%
104%
3s.4-4i-i..—
.1981
J-D
105%
105
105%
32
104
107%
41.--.
.1953
J-J
105%
105
105%
4
Studebaker Corp conv deb 6s_.
.1945
J-J
104%
102%
102
M-S
M-N
3.01%
103%
-iy56
M-N
"105% 105%
.1961
ar-N
"103
a
Deferred
not included In
delivery sale
not Included in the
n
d Ex-interest, e Odd-lot sale
included In the year's range, r Cash
year's range,
Under-the-rule sale not
.1944
"119
F-A
.1953
J-J
.1950
F-A
V'vmjjtvuy
.1959
A-O
debentures.
.1965
Af-N
^
i-
^
.
91%
106%
106'A
3
91 Vi
30
91%
105% 106%
105% 106 %
105%
110%
105% 105'A
125
102
104
"111% 112
J-J
.1974
119
123
"...
J-J
113 Vi
103%
105%
88
94
18
104%
106%
54
105%
107
not
sale
the year's range.
represented is the dollar quotation per 200exchange rate of $4 8484.
bankruptcy, receivership, or reorganized under Section 77 of
tThe price
Accrued interest payable at the
^Negotiability Impaired by maturity.
.1951
103%
101%
106%
103%
1948
1960
3%s series D
111%
103%
1st mtge s f
105%
100%
Youngstown Sheet Si TubeCon v deb 4s———
Included in the year's range,
110
Vi
63
1952
Maryland 1st 4s
1st & ref 5 Vis series A_.
v,! A Western Pacific 1st 5s ser
'•>ri A5s assented
,.
104
3s
...
91%
92
__
82%
110% 111
—
"50
...
1st 5s E
3Vis series I
mtge
Western
105%
104
12
103
106
A-0
103
J-J
'Vv
101%
101%
.'"V
104
1—
104
"110% 111%
F-A
61
40
.
1
105%
Apr
Superior Oil 3Vis debs.
8wift Si Co 2%s debs
gtd
mtge 3Vis
Gen
F-A
debenture———..
79%
'
F-A
.2013
2%
91'A
"90%
M-S
1st ref gtd gold
Westchester Ltg 5s stpd
West
ASpokane Internalist gold 4 Vis,
.1968
Stand Oil of Calif 2%s debs..—.
Standard Oil N J deb
110%
112
56%
,
98%
21
100% 100%
J-J
4s series A—
1956
Devel & gen 6s^—-———-1956
Devel & gen 6Vis
.1998
Mem Div 1st gold 5s——
.1951
St Louis Div 1st gold 4s_—
gen
114
M-S
•
44
.1956
Ry 1st cons
Devel &
111
109%
J-D
245
49
Il994
108%
"110
1950
1967
...1963
1966
30%
49
J-J
Stamped
_-K'
"112
40
15
46%
1950
108%
'108%
F-A
1,865 ".
15%
.1955
ref gtd 4s
103
F-A
Washington Central Ry 1st 4s
90
1940
secured 3%s—
Fran Term 1st 4s
10-yea.r
103%
93%
M-N
1955
3%s—2000
1948
Washington Term 1st gtd 3%s_.
1945
1st 40-year guaranteed 4s
1945
Warren RR
53
1977
1968
1969
1981
A
102
102
102%
102%. 102%
A-O
Walworth Co 1st mtge 4s
29%
45%
1949
(Oregon Lines)
,
97 Vi
30% 1
30%
Aug 1949
coll)
registered
"102
A-O
30-year
1st 4 Vis
M-N
101%
.
"37%
50
42%
,
1952
4s
"101%
"38%
13%
46 %
Southern Pacific Co—
102%
F-A
14%
27%
1979
103%
101%
Af-S
27%
53
1941
debentures
101%
"101% 102%
A—1975
1970
1978
.*.1980
28
V
45%
1961
3s
103
101%
"101% 103
1971
1981
1991
mtge 4s
233
31%
30%
1962
"101% 102 Vi
M-N
series A
264
22% :
20
F-A
1963
102%
__
101%
M-N
49%
M-S
1964
101%
M-N
104
1939
1950
"101%
f-1
102%
M-N
f 4s series B
28
/
43
21%
31%
J-J
102
__
JAWabash Ry ref & gen 5%s
ARef gen 5s series B
ARef & gen 4%s series C
ARef & gen 5s series D_;
106
126%
1933
1954
s
AGen
101%
1
,•
46
'
1939
101%
M-N
1951
4'As w w...
,AGen mtge 4s
i
32
123
21%
....
101%
M-N
'101
series A.
inc series A
mtge inc 4%s ser B.
1st
1
22%
M-S
101
W
4
103
104% 104%'
P'V
A-0
'
"101%
Wabash RR Co—
24%
17
404
32%
30%
103
11
98
"126%
:
M-N
...
50%
104%
rH-
M-N
100%
72
30%
32%
'•
101%
101%
84
60
92
A-0
*'
"101% 102%
"101
:
98
70%
57 %
"21
A-0
101
102%
"101
39 y8
40
'
102
39%
19%
1,062
29%
97%
A-0
~r—
19%
30%
-70%
Af-S
M-N
1959
—
90%
60
J-J
J-D
J-J
F-A
1950
677
Cons
100 Vi
73
.
28%
:<
M-N
1950
91
28%
30%
: 29%
__
102%
101%
OK
1955
1957
Va Elec & Pwr 3%s series B__
1968
Va Iron Coal & Coke 1st gold 5S..1949
Virginia Pub Serv 1st mtge 3%s^,_1972
Va & Southwest 1st gtd 5s
2003
1st cons 5s—
1958
Virginian Ry 3%s series A
..I960
38%
33%
•■'V:
,
Vandalla RR cons g 4s
78%
1
J-J
1949
91%
89%
unifying 5s
—1952
gold 5s series A
1990
St Paul & Duluth 1st cons gold 4s_1968
tASt Paul E Gr Trk 1st 4Vis
1947
tgASt P & K C Sh L gtd 4Vis
1941
St Paul Union Depot 3 Vis B——1971
Schenley Distillers 4s s 1 deb
1952
Scioto V&NE 1st gtd 4s
1989
§ A 4s
:V
89%
Af-S
1989
Ry—
37
98
Vi
5 A 1st term &
A Gen & ref
tSeaboard Air Line
•
J-J
mm
108%
94%
100%
96
5
J-J
105 Vi
63
102%
102
105%
104%
m
95%
91%
44 £•
" ■■■' ■'V
98
J-J
4s inc
'V
.
78%
89%
'v , 81%
J-J
106%
97%
8
70
:
81
—Nov 1989
2d
95%
A
United Stockyards
Af-S
Fr pr lien 4s A
1950
ACertificates of deposit
APrior lien 5s series B
—1950
ACertificates of deposit
A Cons M 4 Vis series A_.
1978
ACertificates of deposit stpd
A
95 %
95%
J-J
19
62
77%
96%
95%
67
61%
"95%
V
2.65s
55%
62%
V
109%
97(8
97%
M-N
1 1953
May 1 1954
—Nov 1 1954
May 11955
2.60s
107%
105%
"62
V-"-
j A St L-San
4St
106
Af-N
108
99
106
106
Af-N
1948
1959
1955
N W 1st gtd 5s
1st mtge 5s
Rocky Mt & P 5s stpd
jASt L Peor &
St L Pub Serv
106 '
J-J
J-J
A-0
1947
-1990
107%
24
M-N
NOV
■
2.55s
4s
5s—
14
26
101%
V
May 1 1953
2.45s
2.50s
Adir 1st gold
gold 6s
108%
101% 102
102
F-A
May 11949
Nov 11949
May 1 1950
NOV 1 1950
May 11952
NOV 1 1952
.
2.10s
,
Lawr &
104%
Af-S
Serial debentures
40
39%
11%
13 %
Steel Corp—
States
United
<•
2d
100%
•
41%
A-0
105%
1
106% 106%
*
A-O
...1958
1944
3'As debs__
110
19
102'A
102% 103%
A-O
—..1955
1952
Biscuit 3Vis debs
United
11%
Af-S
j-J A
J-J
grant 4s
United
54
124%
—
Ref
9%
19
RR—
land
35-year 3%s
86
110
"125%
: "111%
„
&
34-year 3 Vis deb
102
100
85%
85%
1st
105%
104% 105(4
Pacific
Union
106%
105 %
debentures
3s
99%
95V4
95
2.35s
St
112%
149%
112%
U
A-0
M-S
M-S
M-S
M-S
4Vis.—1980
107%
109%
111 •••'
A-0
117
105%
14
5s_,__._1945
102 Va
116%
S ' !"
::
117'A
Af-N
101%
91
100 Vi
■'
■
107
107
100%
87%
'
5
:\V
222%
108%
.
„
"llOVi
37%
108
145 Vi
220
"147%
76
21%
101% 101%
101%
107
112%
•
•••'•
"106% 106%
109'A
62%
312
"101% 103 '
1949
■:
148
'
•
•
19
A-O
97
91
5
110
99
J-D
1950
.1946
1st 4s.
20%
r-
—
110
"
.1960
Louis & West
85%
112
103%
4 '
112
112
.1960
Third
13
17%
85%
67 Va
J-D
*
Saguenay Pwr Ltd 1st M
St Jos & Grand Island 1st
88%
A-O
.1980
—
17%
J-J
Grande West 1st gold 4s„1939
A 1st cons & coll trust 4s A
1949
Roch Gas & El 4Vis series D
1977
Gen mtge 3%s series H
1967
Gen mtge 3Vis series I
1967
Gen mtge 3 Vis series J————1969
f § AR I Ark & Louis 1st 4Vis
1934
JARut-Canadian 4s stpd
1949
}§ARutland RR 4Vis stamped
1941
68
.1979
Tol St
J-J
F-A
Af-N
Af-N
f §ARio
15
C
series
2
102% 102%
102%
J-J
J-J
.1950
B„1961
1956
1960
81%
D
5s
Tex Pac Mo Pac Ter 5 Vis A
109
109
"''
A-0
1997
1997
81%
'
ref 5s series
107%
'
105% 105%
'
Af-N
J-J
J-D
A-0
1951
High
116%
4
ref
100%
90
1943
year
Low
101 C4
No.
Hiah
&
105%
R
4s
Sold
&
Union Electric Co of Mo 3%s
Reading Co Jersey Cent coll
Gen & ref 4 Vis series A
Gen & ref 4Vis series B
Range for
Bonds
Friday's
115% 115%
115%
J-D
.1977
Pacific 1st gold 5s_
Si
Texas
4
35
99% 100
99%
M-N
Af-S
J-J
.
or
Bid & Asked
Gen
J-J
P-A
J-J
Securities 4s——1957
Terminal 4s
1956
El & Gas 3Vis
1968
118%
—
Sale Price
Gen
J-D
M-S
J-J
1977
i
Gen
C-
"121
Last
Period
7
Low
107% 109
—
F-A
J-D
Elec 1st 4Vis
.1960
1st 5s extended to
1950
Potomac El Pwr 1st M 3 Vis—.—1966
1st mortgage 3 Vis—
1977
Pressed Steel Car deb 5s
1951
Portland
6107 % 108%
—
Week's Range
Friday
Jan.
High
Low
No.
High
Low
15)43
year
Ended
Week
Interest
Stock Exchange
New York
Range for
Bonds
Sold
-
Bid & Asked
Sale Price
Period
——.1962
—1974
& Ash 1st 4s ser
Pitts Young
Last
Interest
Stock Exchange
Ended Jan. 7
BONDS
Week's Range
or Friday's •
Friday
BONDS
York
New
pound unit of bonds.
in
securities assumed by such
tCompanies reported as, being
the Bankruptcy Act,
or
•Friday's bid and asked prices; no
ABonds selling flat.
sales being
companies.
transacted during current
week.
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4243
133
NEW YORK CURB EXCHANGE
XNOTICE—Cash
in
the week
1
and
to include every
Week
:
Curb
V
>
Jan.
Aero
Co
Class
Air
Aircraft
Air
'
(N J)
Accessories
Investors
:
5 J/2
Jan
9
July
1,000
5
Jan
9'A
2'A
1,100
1%
Feb
2%
600
13A
Jan
4% May
33/4 July
Jan
3
3
1%
Jan
3%
300
10
Dec
353A
(H C)
Electric
Appliance
Alabama
Great
Alabama
Power Co $7
$6
..3
Southern
50
4.
•
Allegheny Ludlum Steel—
1% preferred —;
Allied Intl
Allied
Inc
102
1151/2
20
105
—
Jan
72
105 »A
150
8%
100
$5
8%
110
pfd
conv
•
(Mich)
4
,
1%
10
Dec
28% Mar
Jun
29
29%
Dec
35% Nov
106%
Jan
115% July
Jan
18%
Oct
Jan
11%
Sep
100
A
conv
6%
common
^preferred
Aluminum
30V4
4,000
Industries
Aluminium
0%
Ltd
110%
1,050
•
76%
100
Book
;■'
100%
.
100
Dec
120
;
class
Corp
1%
100
%
Jan
28%
29%
200
20%
Jan
1
6
1,200
x4%
Nov
5%
-
6
: v
33
A
Convertible
Class
&
Power
9'A
—;
x40%
39
X40%
37 J/2
1
A
25
25
class
2'A
400
15%
373A
750
15%
35JA
Jan
114
1%
200
3/4
Jan
2
2,200
11%
Jan
1,400
7%
Jan
2,500
2%
Dec
Sep
20
18%
10
20
9%
3
10
3%
/
10%
2
~7%
—*
1%
8'A
1%
6,900
2'A
2,600
rt
44 Va
Jan
90
850
12%
100
American
Class B
&
American
Pork
American
Gas
900
2 Va '
39%
40 3/4
10
37 Va
3,300
41
36%
1 '/a
1%
Oil
dep
Co—
Columbia
Ciass
15%
15%
15%
18% July
143A
jan
—£1
12%
Jan
—£1
11%
Jan
17
—10s
1%
class A..,
Class
A
Dec
2'A
4Vb July
1
preferred.
3%
3¥4
100
1%
15%
15%
100
11%
Sep
19
20%
5,700
71%
78
.I_ 1
20
*
-
IIIi
common
Buckeye Pipe Line—;
(E L)
1%
51/4
—10
27%
26 3A
27%
—100
107V*
47% July
3>A May
17%
19J/4
6,000
Electric
preferred
Jan
Jan
29% July
93J/a
Jan
3%
Jan
Jan
Burco
—25
•
preferred
Hill
Inc
Sullivan
&
—2X50
1,100
Corp common.—10c
$2 convertible preferred
1
$2.50 convertible preferred
—I
preferred
6%
Mfg
Co- common
100
Preferred
Maracaibo
American
Potash
American
17 Va
173/4
17 7
11,200
Seal-Kap
American
Superpower Corp common
•'
'.V.'W—
26%
125
—.
28
26%
Apr
Jan
39% May
Jan
89%
Oct
Voting
Jan
1%
Oct
Jan
26%
Sep
43 3A
Dec
57%
Jun
11%
4,000
5%
Jan
13% July
.V 3%
100
2 "A
Jan
5 Va May
J/2
8,900
3*2
Jan
Jan
12 May
105% Oct
Canadian
2%
Jap
J17% July
Canadian
3%
$6
1st
•
•
•
_5
•
American
Thread 5%
American
Writing
preferred
Paper
common
Fence
Post
;
Aagostura-Wupperman
American
Calamba
Callite
A
'/a
4 J/4
400
21/2
Jan
2%
23/4
27/a
500
2
Jan
Art
-
;
•
Equipment Corp-new
•
Ashland
Oil
Associated
&
Co_„
Associated
Electric
American
dep
Tel
Atlanta Birm
Atlantic
Coast
Atlantic
Coast
Atlantic
Atlas
Plywood
Automatic
Jan
5
•
111
134
Jan
5%
llA
Jan
6'A
2,100
8%
Jan
881/2
Apr
900
6%
Nov
10'A Aug
300
5%
Jan
10
8%
8
6
•
,
8% :
7%
:
6
.
'
•5
10
RR
Co
47/e
100
Jan
•
$6
7
Dec
Feb
69 %
Feb
3%
Jan
9%
28%' Jan
40 V4
9%
3,800
31
v'
1%
Corp
;
—1
*
i.1%
5%
300
xll'A
xll%
11%'
Machine
5
5
25
1
6c/o
Jun
(A
Nov
Jan
8%
12=
Hudson
Apr
200
33A
Jan
6
Jun
300
4 ja
Jan
U
July
50
16%
Jan
23
Sep
10%
200
5'A
Jan
J"10'
New
Ohio
Dec
Chief
$6
B
•
l'/o
Barium
Barlow
$1.20
Rubber
Co
Stainless
22 Va
2214
22
-
6%
&
30
;
common
1
Steel
1
Seelig. Mfg—
convertible
Basic Refractories
Baumann
71o
common
preferred—
Baldwin
Beau
for
warants
(L)
A
:
I
1,500 "
19%
Dec
714
14,600
2%
Jan
39%
350
29%4
Jan
26
&
1
For
15
600
4
Jan
6V4
614
200
x3
x3
3%
130
see
Jan
Oct
,
6% July
614
Club
Coal
Colon
_1
1
,
page
137.
2%
•
preferred
14%
44%
*
6%
.
14%
2
12
7
Airlines
15'A July
Colt's
July
Columbia
20
115%
Jan
136
Apr
800
1514
4,000
.2'A
Jan
45
Nov
5%
Gas
Jan
Jan,
9% Mar
Jan
10%
Jan
43%
44
250
10%
11'A
200
37Va
6
Jan
Jan
Apr
914 July
16% Mar
3
50
Apr.
Jan
116
Aug
10
102
Jan
112
Aug
108 J/2 108%
50>A
18 J/4
Oct
Jun
1,700
13%
7%
Jan
7
Feb
200
'6'A
Jan
13
Jan
21
2%
Jan
6
Jan
10
July
114%
13%
Jan
116
Aug
843/4
Jan
99
7%
Jan
—<5
10
10
Va
3%
4%
8%
9
4,600
X', 500
x97
98%
•
100
9 3/a
x97
500
8%
102
%
6%
6,300
fs Jan
Jun *
Oct
43/8
Feb
Oct
9% Mar
112
Dec
1% May
7
3,400
4%
Nov
.8
100
4 J/4
Jan
350
4%
Jan
7'A May
100
9%
Jan
14% Aug
6%
8 ->
"7 %
Apr
8% July
8
7%
13%
13%
98 J/4
97
98'A
250
80
84
82
84
500
641/2
Jan
200
5%
Jan
,
6 J/2
6 J/2
J/4
JO
18%
17%
18%
375
14%
14%:
15%
20,300
94%
92'A
95'A.
83A
Jan
2,000
7s
9
98%
99
8
Sep
Jun
July
3/4 May
26% Aug
18'A May
98 »/4 Jun
Jan
11%
Jun
Jan
96 'A
Jun
76
Jan
993/4
Dec
73
Apr
99
30
99%
■
843A
Jan
80
99%
105
Sep
43/4
100
48
*
Jan
9
51 J/4
3,650
8%
Jan
Mar
33/4
10J/2 May
'
Dec
4 J/2
Jan
8'A May
6 J/4
100
7%
7%
Feb
8
Jun
Jan
22
July
May
July
15% July
13
%
3A
%
.
\\
3 6 3/4
NOV
V,
25
13%"
900
V
12,"
300!
ln7%
3
3%
10
5%
8%
2%
.100.
.
!'•?s.
,
6
6,500
2,500
'2,200'
*■
Pxt.
700/'.
Jan
Mar
8
■
■
:
Jan
Mar
yj
100
;J.%.
1*
42
44
5/a
lh
51/4
8 J/4
2%
—25
Arms
Apr
;283A May
37
131/4
12
100
—1
51/4
37
13%
•
—
1% July
Apr
'..
—,.*
warrants
Jan
5J/4
■*; boo,,
1%
Jan
,;3%; Feb
1%' Jan
'39
/ Dec
24
Jan
19% July
14
July
3% Dec
11%' Jun
7 J/4
July
10% July
4
July
55%
Feb
Electric—
preference
&
——.—;
Southern
100
Service,,
25
1
60
Sep
58
56%
58'A
850
A
3X2
1,000
20%
20%
20%
200
It?
%
300
10 J/4
10 J/4
100
1/2
Nov
26J/2
Jan
32'A
4%
900
2%
Jan
5'A
1,000
56%
Jan
67
116
67
116'A
Jan
121
106
106
warrants-
Public Service
Community Water
10
Jan
]| Jan
7%
1063/4
:-V"
a3a Mar
1/64 Jan
Jan
14
aV Jan
22
July
l'A
Apr
Compo Shoe Machinery—
l'A July
13% Aug
6
&
—
Co
—
Fire
Patent
Commonwealth
42 ' * Jan
5,200
23% May
151/4
13'A
50c
ordinary,—
Development
25
Mar
.
Nov
10
115 X.
5% Aug
100
1
1
common
Colorado Fuel & Iron
3%
12
6%
Corp
Utensil
Co
Plow
Colonial
5
%
2% May
13%
Jan
*
*
10
Inc—
Sep
Nov
6,600
100
108%
Mar
Oct
150
381/4
10
Co
Lights
Aluminum
Community
1
115
1
$7 preferred
Jan
110
*
*
*
Dec
33
%
Oct
100
100
Mining
P & L
Neon
Cockshutt
3% Sep
55
214
130
Oct
5'A
"7%
47
9
10
5
25
5
——4
Jan
22
•
& Lambert Mfg
4
Cleveland Electric Illuminating
•
Cleveland Tractor common,———•
Apr
35
■
12
pfd
Utilities
Oct
U
9%
4,600
Clayton
% May
3,100
•
& Co
footnotes
Feb
7%
1
_
convertible
(S)
Apr
Jan
21% Mar
common
preferred
(E W) common..
Ridge Corp common
optional
Jan
4%
3%
Aug.
5'A
48'/a
7%
47
1
preferred
Clinchfield
100
common
„1
Birdsboro Steel Fdy & Mach Co com—*
Blauner's common
;
•
$3
9%
4%
30
Canada
Hedges'
Blumenthal
3Va
10
.
Bickfords Inc
Blue
Jan
1 %
Berkey & Gay Furniture
Bliss
Jan
7/a
16
1%
1%
•
1
West
Controller
Claude
„
1
convertible preferred
Bellanca Aircraft common
Convertible
33A
100
—
Ties
$1.50
Benson
100
2,600
common
1st preferred
Brummel
Tel of
6Vs
2%
7
140
1%
4
pfd—100
preferred
preferred B
preferred BB
; Clark
Dec
'39% Nov
6Vs
2Va
5%
Co
Consolidated
23
■;
Jun
714
2%
-X
_,1
Beaunit Mills Inc common
Bell
39%
,
5
common
Inc
6%
Jan
preferred_100
Products
preferred
City Auto Stamping—.
City & Suburban Homes
"
L
—
com
$6
Baldwin Locomotive—
Purchase
3
1
Elec
&
Power
Steel
Service
6% July
10
Corp common
Cities
Jan
Dec
1
Cities Service common
$6
Wilcox Co
York
& South
1 %
Jan
*
America
Gas
A'rcraft
Childs Co
60c
Babcock &
5
•
Power 1%
Maine
Charis
Nov
97/a
A
Cherry-Burreil common
Chesebrough Mfg——
Chicago Flexible Shaft Co,
Chicago Rivet & Mach
5% July
5
4%
Chamberlin Metal Weather Strip Co„5
2% July
10%
5
*
of
7%
3%
1
& Co
M)
Jan
•
Co common
Corp
7
1%
5%
100
—
/Central Power & Light 1%
8% July
22 %
/
Corp
Jan
600
4,000
5%
20%
Light $7 preferred—*
•
common—
1
(J W)
X.Central
May
Jan
3%
5%
•
Products
Cessna
10%
22%
Apr
Aug
Oct
preferred
Central
Dec
22'A
—
31/4
•
Central
80'' --'May
•9%
■
.
Apr
3'A July
Ltd—
common
Central
Sep
■
——
(BF) & Sons common..
preferred—
;
;
Ayrshire Patoka Collieries
:
Avery
1,000
Apr
DA
•
class
Co
Co
Castle
Vc May
2%
Jan
4%- Dec
-
23A
1
&
Catalin
'
%
1,200
5%
.
8
41/2
«...
:
1%
5
common
300
..
1
Corp
Voting
8%
11/4
Dec
,
Products
Central
Feb
31
Jan
25
Alcohol—
voting
non
Casco
July
Va
8%
4'A July
51/2 Mar
1
preference
Industries
City
Carrier
Jun
17% Nov
1 Va
I
Jan
Carolina Power &
'
50
Jan
Feb
7,000
5
6%%
Class B
Dec
614
Co
4
100
Assn—
Ltd
voting—
Carnation
10% July
Jan
12%
pfd—100
3%
%
pfd
Foundry Ltd—
Corp—
Co
&
Carter
900
3%
10
preferred
Carman
Jun
97,1/a
*3
7%
Jun
5,200
97'A
A
Capital
Aug
900
374
10 J/4
3l3A May
l3/4 Jun
2%
*„
Industrial
Class B
Jun
3%
9%
Oct
Apr
1
Power
Canadian Marconi
15%
33/8
9Va
Dec
99%
13J/2 May
£1
pfd—
Insurance
Car
Canadian
2 "A Jan
;
3 J/4
-
Class
Sep
May
•
Products
Automatic
97%
Fire
Cement
Participating
May
5%
—•
Fisheries
Forge
260
—,;x:
warrants
Drop
108%
4
/:■
Jan
X
•
£1
Tel class A
Line
Rayon
Atlas Corp
Atlas
Jan
8%
200
•
reg—
Coast
&
/
17'A
Jan
50c
Estate———
Electric
Tungsten
Camden
Industries-
rects
Si
;,;Kl%
500
3%
8
1
Associated Laundries of America
Associated
' 'y-
2%
8'A
5
Canada
Refining
Breweries of
X
13%
108
97 Va x
2.50
Metal Works common
60
1,900'
2%
/■- /
108 %
10
Arkansas Power & Light $7 preferred.*
Aro
X
13%
':
preferred
6%
25
15 'A
(I
•
non-voting
14 >/4
-
dep rets 5%
Sugar
California
Canada
Jan
4
1
Arkansas Natural Gas common
class
3J/a
41/4
v..
105'A 105'/a
*
pfd—100
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4'/2%
Common
14%
2
preferred
$0 series preferred
Anchor
3/a
Jan
Jan
9%
Wireless—
%
.
103A
82
150
2,200
50e
certificates
trust
&
20 Va
/-'X
12
15
common
Cable Electric Products common
Cables
'
3/8
17%
99 Va
11%
Sep
Feb
400
:.;v;
Feb
Mar
Jun
.3,400
•
Dec
6'A
10
July
19%
x
l'A
11
16%
99
12
12 %c
233/a
■':v'
16%
99%
—25c
(PA)
1 Va
ll'A
—-
v
'
Jan
Jan
25
Butler
23 %
-'/•
"■
25
'
Jan
25%
200
37 x;;
l'A
2
common
23 V4
Jan
13
3,200
■
22
Jan
Nov
42% Aug
Jan
80
a
35%
10
American
600
26%
♦
Chemical
&
Jan
13 J/2
50■
•
27 J/4 vA
•
Republics
American
15
May
7%
preferred
Burma Corp Am dep rets—
.July
33
'
:
26%
1
Co
Meter Co
American
•
15
Nov
2
38% July
112
201%
•'
-
^
150
35%
26 3A
20
25
.25
100
Laundry Mach—
American Light & Trac common
American
American
35 J/2
25
Rubber Co
American Hard
,
29%
84
14%
$3
Burry Biscuit Corp
General
American
Jan
5
preferred
1st
Bunker
6'/« July
28'/2
500
108
107
$5
Dec
July
Niagara & East Power—
$1.60
Jun
15
Oct
75
400
9'A
9'A
;
Aug
7jt Jan
20
1%
5
Co common
22
Jan
*
common
prior preferred
Buffalo
5'A Aug
Aug
2
Brown Forman Distillers-,
Bruce
Feb
Aug
Sep
22
Bruck Silk Mills Ltd
Apr
July
18
-
reg
Power
3% July
Jan
%
50
1%/
Dec
12% May
33
B
Brown Fence & Wire
July
V 83
Jan
200
18%
18%
reg—
Ltd—
.-42% July
37% Oct
45
7'A May
1% Apr
Feb
„.
ord
rets
Celanese
Jan
Jan
Sep
Oct
Aug
Tobacco—
Jan
12
6,500
•
comjnon
Hoe
&
TS
—A
Power warrants-
Foreign
&
'
,
10
non-voting
American
43A %:
class A—
Cyanamid
2
12'A
10% Mar
"
:
12% May
7% Mar
119
Jan
1%
7Va
81%
88
Feb
Apr
Mar
22%
Jan
2,700
Dec
23% Jun
.
Jan
61
9%
•
30 J/4
Brown Ruboer Co
A
-
Class B
%
9
12%
American
British
Jun
10'A
■
Jan
common
Amer dep rets ord
Light—
Jan
2%
"loo
American
$5
Cities
American
Jan
6
100
—
—
dep rects ord bearer
Am
Mar
100
A
6%
10%
B
British
2Va July
23
10%
113/4 July
82% July
28'A May
Apr
221/a
preferred—
Am
Oct
46
i
British
Mar
109
150
29
Mar
Dec
73%
1,600
W
100% 100%
iv8
100
Mfg
6
73%
'-V
_1
Co
Central
v;4jo
V,
—
•
common
common
American Beverage common
American
noy»
'A
..
preferred
American
30
100
„
Mfg
—
*
-.
.
Goods
Aluminum
25
common
new
190
88
V
10%
—1
British
Class
Aluminum Co
80
Pi?u
3*A Feb
.—100
Brillo. Mfg Co
Class
A
Dec
Apr
13%
23%
low
600
.....
6%
-1
common
Aeronautical
Class
23%
.
23%
29 Va
—
10
.—*
;
Preferred
Oct
•
3%
Range for Year 1943
High
8%
100
Bridgeport Oil Co
Apr
Oct
I
Bridgeport Gas Light Co
Dec
22%
■/.
10
Corp
110
"" Apr
3%
Shares
7» Jan
;
preferred
Brewster
Nov
Sales
for Week
Range
common,
Brazilian Traction Lgt & Pwr_—
Jun
Week's
of Prices
low
9%
•
Inc
2d
Brill
/
—
1
*■
—
1st preferred.—
105%
Jan
Par
,
,
-25
7%
114% Nov
Jan
91%
y
"lOO
Bourjois
3% July
94
<•
Sale Price
Co common
Bowman-Biltraore
Dec
■
common,
Investing $3
Products
40
115'
"v
100
—
Fisher
&
1,500
8974
89%
*•'
preferred
preferred
Alles
3
;
'Last
7
preferred
1st
Breeze
Air-Way
' '•
Friday
Exchange
Jan.
Borne Scrymser Co
'A May
100
9%
2
„
5
7'/a
27J%
2
3%
9
2'A
.
Sep
7 %
2%
50c
preferred
22'A
July
' •»." '
Bohack
7'/e
.
.V-;
.Oct
26
Curb
Week Ended
High
Feb
3%
•
—
9%
common
Convertible
:
_1
Corp
Low
20
33/4
5
common
Inc
X
17
,
—
1
Mfg
Range for Year 1943
30
22
;
STOCKS
New York
Shares
High
22
/—/•
1
B
Associates
shown
on the New York Curb Exchange for the week beginning on Saturday,
compiled entirely from the daily reports of the Curb Exchange itself, and is intended
is
for Week
Range
of Prices
low
10
common
Supply Mfg class A
Ainsworth
It
1944).
7,
Sales
Week's
East
Sale Price
7
Par
Wire
Acme
(Jan.
Friday
Friday
Exchange
Ended
are
furnish a complete record of the transactions
we
present
the
security, whether stock or bond, in which any dealings have occurred during the current year.
STOCKS
New York
extensive list
ending
when selling outside the regular weekly range
which
in
In the following
Jan.
WEEKLY AND YEARLY RECORD
■■
delivery sales are disregarded in the week's range unless they are the only transactions of the week, and
they occur. .No account is taken of such sales in computing the range for the year.
deferred
and
footnote in
a
V
t
Conn
$3
c
extended to
Gas
1946——
& Coke Secur common
preferred
Consolidated
—
Biscuit
Co——
1
734
•
*
'—1
4
J/2
4
Jan
'
Consol G E L P Bait
4% %
4%
common
series B preferred
preferred series C—
Consolidated
Gas
Utilities—
*
66%
—100
100
1
4%
66%
4%
4%
11% July
% May
Dec
Jun
July
Jun
60
111
20
1031/a
Jan
110J/4
Jun
2
Jan
5
Jun
1,800
THE COMMERCIAL
134
Monday, January 10, 1944
& FINANCIAL CHRONICLE
NEW YORK CURB EXCHANGE
Week'a
Sales
Last
Curb Exchange
Week Ended Jan. 7
Range
for Week
5
-1
Ltd
Mining & Smelt
Consolidated Retail Stores
Textile
Consol
Co
1%
9%
Cook Paint &
Jan
10%
4'/a
Sep
8%
200
36'4
Sep
1,250
4%
Jan
Jan
11%
%
Apr
Jan
Jan
90%
5%
200
1%
1%
86%
86*4
10
2 >4
2%
1,300
1%
"2%
79
13%
Crowley Milner & Co
Crown Cent Petrol
(Md)
International A
Cork
Crown
Co common
Crown Drug
$6
preferred
Cuban
Atlantic
Tobacco
common
Curtis
Lighting
Curtis Mfg Co
Inc common
(Mo)—
Gilbert
(A C)
Gilchrist
u
2%. May
Godchaux
Class
Jun
26% July
Jan
9
July
Consolidated
Goldfield
15%
Jan
30 >4
200
2%
Dec
10% July
3*2
Jan
lit Oct
$3
Sep
'
-
Jan
4% July
4%
Sep
Great
10 Vb
Dec
Mfg
Gray
Jan
Co—
Pacific Tea—
-
t
preferred..
1st
7%
2*4 Aug
14
Jan
Jan
25%
Sep
Great
V«
Jan
1 %
Apr
Feb
15%
20 Va
19%
3'/a
3 %
6
50
11%
20%
3%
11%
Apr
Feb
227/a
Jun
1%
Feb
3%
Apr
174
Sep
3
July
8
Dec
10
200
(30%
'0
134
■:•••7 x-r
—
^
+.
X
3%
■
50
P
Y'
■
y:,Y 350
27%
400
5*4
300 X
Oct
5%
Apr
9
1% Jan
:
Dec
July
31%
Oct
Jan ;>'
y
Oct
5%
56
22% Jan
37/« Jan
Feb '
85% July
67% Mar
140
July
Jan
36
Mar
Jan ;y
10
Apr
127% Mar
'
i
4
ty.v3%
"■
-
4% May
~X'X\
Jan
114
Sep
107% Mar
'v'. X- /■
[XX
33%
Jan
y
Jun
Mar
% May
Jan ■
July :
1%
300
7*4
7y
12%
108
Jan
ia
75
31
v: ,29%
Jan
96
_! Y
134
132
v
v;,
30%
July
yy
800
84%
84%
Apr
40
450
:;0;0 '■00 I 7 .Y';:1
v
18%
Jan
27
5
84*4
Jan
100
31
4%
Sep
May
5%
ZiiXXS
•
Oct
13
31
•57%
56.
-X,
-'
.5
Apr
12%
.
400
■
Nov
52%
10%
1,300
y'.Y Y
v;
26%
3,400
;&'*<
11%
Jan
Feb
11
—
125.
f'l-''T*
XX'
Nov
Jan
45
X.X ''t::-
XX' i
Sep
Sep
100
Jan
4%
■■'^XXXX' ■■'XX xti x
■
Dec
112
116
Nov
102%
—
Mar
11
11,700
Greenfield Tap & Die—.
89%
—T
,
10%
.
--Xx
X<xx^X\
.—25
Paper—
Northern
20
4%
X**- 4
—*
Grocery Stores Products common—25o
Gulf States Utilities $5.50 pfd*
-
10
July
9
43%
•
14%
.
Aug
76
Jan
-
.
39
'
'
100
.
Jan
''-.XXy'
y'y.!
i
31
200
.
■
14*4
VY
10%
•
100
stock
common
Jan
;':XX
•
•*'X~
Atlantic &
Non-voting
Jan'
3%
'jxx'x-**'.''
XXX
Y'.
_•
10
1
-5
Mfg common
Rapids Varnish.
5274
100
XX '*
37*4
14%
50
preferred
Grand
Jan,
2% May
50
42%
'
;i;
a-
;
:
19 %
2
2
V.'.X: -0 /X**
xx
■,x+ -v'.;
——•
Gorham
674 Mar
200
2,000
^
Mines
*4
'
100% 100%
.—-*
•
1
Mfg Co
Inc class A
Gorham
600
,,112*4 112%
-•
Sugars class A.
B
May
76
75%
41%
•
—
2
__
:
;
3,100
10'4
Coal
preferred
$7
3 Vb May
Jan
Aldeu
Glen
Dec
% May
1%
1%
i'i
•
Gladding McBean & Co—
1 Vb
10%
:.
,.;v;. v-■
•
*
Co
—-i» '
.
vt.—
Dec
4,000
.
common
Preferred
75
—~
<v
■
*
—*
•
—*
-
Georgia Power $6 preferred—
$5
preferred—
2%
5
*
2.50
Sugar—
Cuban
■h Apr
34
2%
.%
•
10
Crystal Oil Refining common—
preferred
82
Jan
xx
•
!.
•
common—1
Gen Water Gas & Electric
Jan
30
'
xi~',
High
LOW
61
40
83
83
■
Range for Year 1943
•
—1
Corp com
preferred
convertible
$6
pfd
■
77/a May
2'/a
27
26*4
2%
25
preferred
convertible
Apr
Shareholdings
General
Goodman
27
-1
"
*
—•
25o
41
Jan
725
25 ;■•■■■■
24%
25
•
Co
Brewing
Nov
39%
5%
General
15% Mar
3*2
8
Petroleum
Liquidating Co
Croft
13
Jan
100
8
(ord reg)—£1
dep receipts
American
C W
Jan
8%
50
Dec
9
800
15 Ve Mar
5%
preferred
convertible
Dec
103
Jan
76
90
13
5%
General
$3
Courtaulds Ltd—
Creole
Jan
—100
Public Service $6 preferred—*
Rayon Co A stock
*
Outdoor Adv 6%
General
Oct
Aug
12 %
3914
39%
—1
*
1
50
& Reynolds
preferred A
Cosden Petroleum common—
$6
5%
5%
3 %
13
*
Corr von
2% May
1%
600
900
——5c
Inc d—
Coro
Nov
12'/a
•
•
—•
Cooper-Bessemer common-.
$3 prior preference
Copper Range Co
Cornucopia Gold Mines
112
Jan
1,200
100% 103 %
9
9Va
———1
•
Varnish Co
7% July
Jan
1%
■
3'/a
3%
100
prior preferred
Continental Roll & Steel—
3%
Mar
Sales
for Week
Shares
High
Low
Par
9%
3'/a
1%
9%
Continental Gas & Electric Co—
7%
400
107
10
*
10c
Royalty Oil
Steel Corp
Consolidated
6%.
6%
6%
100
preferred
8%
Consolidated
275
41
Jan
31
32 &
32
Sale Price
7
Ended Jan.
Week
High
Low
High
Low
Par
Consolidated
Shares
of Prices
Sale Price
Exchange
Curb
York
New
1943
Range for Year
Week's
Range
of Prices
Friday
Last
STOCK'S
Friday
STOCKS
York
New
$6
preferred
Gypsum Lime & Alabastine
XX.
J•
—%
•
—
>4'
'"•<
0:
6%
4% Mar
0.0X0
Sep
—5
H
D
15%
33'/a
35
33*4
& Mfg
Gasket
Detroit
—20
class B
Hosiery
Durham
Duro Test Corp
Duval Texas
Jan
3%
3*4
3%
•
•
Apr
19%
Apr
4'/a May
Jan
2
21%
Jan
22
'
1% Mar
% Jan
14*4
0X> "
.•
'•
Sep
Sep
30% Mar
10% Mar
10% Mar
1
9
Jun
,14
3%
Jan
7
Jun
500
5%
Jan
11
Oct
2
;v
Jan
'0-i
0
.
5%
11
10%
'
■
—
21%
v<.;
;
Class
A
~9%
•
Horder's
Co common
—.—
(Geo A)
& Cc common
(A C)
& Hardart Baking
&
Horn
Jun
5%
Apr
Mar
4
Jan
x
100
-
Jan
8
3
;
•
July
11%
Apr
Hubbell
(Harvey) Inc
Humble
Oil
&
prior preferred
4*4%
■
ZIoo
56%
57%
33%
725
•
■
4,300
35%
37%
700
10%
37*4
1,525
10*4
Jan
37%
& Share
Bond
Electric
1
35%
•
Hummel-Ross
8%
$6
preferred
preferred
1
v-
104
Inc
Eversharp
1
common
—
Jun
15
Dec
Jan
>
89
Dec
43%
Jan
':
90%
Dec
1
8%
32
X -.'
—1
201/4
.
Feb
105
Nov
43
Nov
12%
Jan
Jan
Jan
1% July
35
May
6
"22*4 Jan
Dec
2*4
Jan
25%
•
Jan
34%
Sep
Jan
21
Dec
7
400
20%
19
9 Vb May
Jan
A
6,200
''1
Sep
6%
■
350
'
July
31
•
Mar
8,100
5%
4%
.
xx
32
31%
;
5%
Feb
9
Jan
4%
July
2% May
88
*•'
1%
62
Jan
29
110
—.
-
5%
26
6,800
"l%
...
■
25
'•
y
A
•'
•
■
30%
9*4 May
Jan
7
100
——
1
7%
2*4
4,100
Jen
Jan
■
Brewing
Falstaff
.
•
Metallurgical
Fansteel
15%
5%
200
3%
—
Association
5 '/o
Power
rets ord reg
of Canada-
dep
Am
non-voting
Class A
Zinc
Motor
Co
.
—
dep
Fox
rets
(Peter)
Franklin
Co
bearer
Co
Brewing
Ireland
,.
1
preferred.;
7%
Insurance
Co
Grain
& Malt
common.....
-1
(Geo A) Co
$3 conv stock—
Fuller
•
11
B
Class
~X,'
$1.75
$3.50
6
May
3%
Jan
15%
Jan
21*4 Sep
38
Jan
22
:
Y
X~i
Equipment
Hosiery Mills
Home
Iron
Fireman Mfg
Mar
42
5 %
Jan
9
4% Mar
20%
15
Sep
Mar
29
Jan
44
Apr
45
Jan
64
July
General
Gen
~~
•
~~
Electric Co Ltd—
5%
rets ord
For
68%
—
Elec $6
footnotes
common"!
,
%
-
preferred B
page
"2!"*
137.
14%
14%
—
'
—"
100
Sep
20
Jan
Jan
35
Dec
Jan
20%
Jun
Dec
42
Dec
7%
500
400
38%
900
5% Mar
Oct
8% July
3,300
4%
44%.
10%
11%
Jan
x,
8
Jan
}■:"
1
10*4
4*4
Jan
X 5%
•"
Jan
4%* Jun
3%
Jan
9%
Dec
5
Sep
A
•x"
■
9%
10%
115% Aug
3
150
XX
Apr
Apr
1474
22
X~:-
27%
Feb
23%
2,900
Y
Mar
108%
2%
6%
Dec
4*4 Aug
105
10
4*4
4%
44%
r
43*4
9*/2
11*4
10
.
*
—
-
.
;
—
•
2%
Dec
22*4 Jun
4,600
—
;1
Jan
2,200
25
Jan
45%
14,500
3
Jan
10
Oct
9%
Jan
16%
Apr
250
t
1,500
12*4
12*4
9
300
X
'y/.yv
300
—
—
-.1
—•
Air Chute
A
.y:
—
45%
Oct
20*4
Jan
48
Oct
Jan
1% July
15%
Jan
38% July
69%
Feb
87*4
Sep
12*4
Jan
16%
Jun
2%
Jan
11'4 May
1%
Jan
8*4
Jan
600
500
y.
7'4
3%
3%
5%
5
Jan
July
21
9%
Jun
1% May
21*4
Dec
A Jun
A Jan
Jan
26
32
Jan
45%
DeC'
Nov
3%
24%
Jan
7*4
—• •
is
18%
7%
I1/**
1,
Jan
1
7
1%
18*4
10% July
21*4 July
% Mar
7,500
100
—
i7ec
17%
4 7%
1
—
6%
3%
.
.- v
May
Jun
Jan
14
5
14*4 July
Nov
6*4
13%
200
4 300
46
.7*4
,
1,600
9,200
!
—
46
—
__
Sep
Feb
1,100
is
...
;
—
—
Aug
y Jan
20
600
—
%
:
—
112
91
*4
1%
1%.
1J4
10% July
24
50
7%
19*4
18
8*4
7%
17T4
17*4
8*4
Dec
Jan
900
—
7*4
19
8%
70
__
•
15*4 July
120
.
*
•
preferred
15% July
9%
340
108%.110
,-\43*/2 46
49'46% 49
109%
.
7% July
Jan
Jan
10
16"%
—
"I
:
Oct
5*4 Mar
:
' ; 11%
12%
9
'12
Jacobs
2%
Jan
1% May
9%
Jan
Jan
Feb
Xl3%
Sep
90
1
I
*
Aircraft Engine Co.
Co———
Jeannette Glass Co—*.
Jacoos
(F L)
& Lt 5*4% pfd—100
I
..100
Jersey Central Pwr
6%
2*4
88
preferred
preferred
Dec
21%
400
500
100
400
Feb
1*4
Jan
y4
Feb
14%
Jan
21
Dec
10%
-
7
10*4
Jun
Oct
A July
July
Apr
2
Jun
Dec
6
July
Jan
6*4
Jan
2%
400
Vb
Jan
3%
94
Apr
13 74
Jun
Sep
4% May
8% July
16%
120
■
.
600
2%
5%'
6,900
2%
Jun
Jun
200
1
25
66
Jan
89
88
Aug
69*4
Jan
97
94
30
Aug
79
Jan
13%
Jan
115%
Jan
2*4
100*4 100*4
100
.*
—
Col.
130
102% Oct
19%
Sep
K
82% July
7%
..
1
•
10
Dec
2
.
io
common
see
—
11%
Nov
225
39%
21%
July
Dec
Jan
1
£1
reg
Fireproofing
las &
'
~.
preferred series A
General
—
common—»
General Finance Corp
Gen
100
Alloys Co
Amer dep
6%
•
common
preferred—
32*4 July
Jan
29%
,
X—" ■■v
Aug
Jan
7%
Gellman Mfg Co
Jan
6%
16
■
1
voting trust ctfs.—1•
Italian Superpower
Julian & Kokenge
Gatineau Power Co
Jun
Jun
Jun
2%
■
15%
24%
Jun
3
ll'/s Mar
50
Jan
Dec
103*4 Mar
HI',#
2%
2%
*
__*
1
preferred!
prior preferred
Interstate
400
38
Y
;'(/■ 4 :
X'X"'.
*
Royalty
750
14% July
15%
•
26%
25%
—*"•.'
—
Power $7
11%
27*4 July
Jan
'
" 10
...
XX
•
111
22
shs—*
coupon
International Utility class A—
Interstate
10%
100
preferred—
convertible
4%
International
Interstate
100
Jun
9*4
Jan
Jan
:
-
39
4%
*
———10
Safety Razor B.
*,
Oct
800
XXX '
■
Xx-
International Industries Inc..
International Metal Industries A
International Minerals and Chemicals—
Investors
'-X
33
;V
'
27% 28
81*4 r.;' 80 < 81%
•
15% v 14% 15%
•'
50
* 7%
7*4
7%
1 \v 3J4
3
3*4
*
—
y*;':• —'
...
International Cigar Machine
International Hydro Electric—
Preferred $3.50 series...
Nov
1,700
4
11% May
3%
33
—.—100
of North America
.10
preferred
7%
Dec
18
Jan
20
250
39%
100
1
—
Industrial Finance v t c common
71%
18
11% May
6
600
15*4
XX"'--C
£1
109%
15
•
Froedtert
July
6% Jun
24
29%
1% Mar
3%
XX'-'
Apr
Jan
22%
700
'
—
Jan
.
Distilling
160
900
26 vY
Indianapolis P & L 5*4% preferred.100
Indiana Service 6% preferred.
100
Jan
-Xx
XX
,
200
14%
XX'^00
.£1
——*
Registered
J
*
Imperial Tobacco of Canada..
:.5
Imperial Tobacco of Great Britain &
Nov
■
Amer
Nov
20%
20'4
X "...
July
,
6%
'
Imperial Oil (Can) coupon
81*4
B
"9*4
26
10*4
i-L'ffv
*
—
57%
of France—
4% May
46
0:1%
9
li>4
'9%'
XX*''';'':'
Imperial Chemical Industries—
Am dep rets regis
Irving
voting
B
Class
X
Mar
4%
4%
4%
•
Ford
3
13%
16%
-£1
:
Jan
Motor
Ford
;;
May
T
*33 *4 May
■i
'Jan
4*4 Jan
800
"9*4
1—■
preferred :———50
conv
20
109% 109% •'
•
.
1% Jan
31
10
3.300
':6%-"i
Tf; 10*4
: 14%
Dividend arrear ctfs.————
625
60
60
•
& Light $7 pre/erred
Ford Motor Co Ltd—
Florida
•
Nov
2%
6
■tiv
——*
Illinois Power Co common
29%
Warehouse Co_ .25
.10
(Phila)
Federal Compress &
Fire
Jan
10
2,200
5%
15
15%
5
Mfg Co
Fedders
1
10% Mar
Nov
1*4
800
1%
\v. 2
6%
7%
7%
7%
——
& Airplane..
6%
10*4
Registered shares
International Products
Engine
Jan
600
3%
•?*
11*4
Warrants
Fairchild
19%
900
30 X;
2/ 42 f 42
21*4:22
25% 23%
*
—1
1
*
--5
Co—
International Petroleum
Fairchild Aviation
Jan
7*4
...
500
>'X
103*4 104
1%
,,50
Line common
6%
Jan
42
■-
1
Pipe
„>;•
.--n'.
-lOo
Inc
Eureka
Apr
48,700
8*4
8%
.100
.
30%
—
Equity Corp common..
$3 convertible preferred
42
Jan
Jan
3,700
•'■
«*-*'■'>
.
Empire District Electric 6% pfd—
*
Empire Power participating stock.
III5
Emsco Derrick & Equipment
Esquire
-
15
Co
Dec
Apr
49%
48
•;
1
Elgin National Watch
Emerson Electric Mfg
V:
XlY;*
Corp
Electrographic
Dec
36
2
88%
89% x91
•
Light 2d pfd A—
warrants
Option
36%
*
800
8%
87*4
90
•
Power &
Electric
8%
87%
5
common—
•
$5
Jan
3%
Jun
12
•
1%
200
—*26
____—*
Fibre Corp...——5
Ligonier
Hussmann
Illinois
31%
2%
2,800
5
5
:Y
5
V.
625
37%
300
Jun
Apr
1 *4 May
Jan
35
2%
"Y
July
26
.
Jan
35*4
0
1
1
1
•
$7
59%
38*4
Jan
Jan
35%
Corp
States
preferred series A
$6 preferred series B
Eastern Sugar Associates—
$5 preferred v t c
Easy Washing Machine B
Economy Grocery Stores
19%
20
■■
*4
*
Eastern
0^
X '
,
May
700
-
2% May
Jan
Jan
42
725
33*4
57%
25
Malleable Iron
Eastern
13
600
2
2
33%
preferred
8%
X
•
2
,!!-."
Refining
Hygrade Food Products
•
,•
*
preferred
Hydro-Electric
Securities—.
Fuel Assoc common...
A Jan
1%
v-:--3%'
-
100
5
Hardart
1st
Gas &
May
-'-v
_•
Co
preferred
Huyler's common
East
50
<
—.1
Co common
Horn
Aug
Jan
Jan
29: /-frvr 29
—
•—
8
-*
•
.*
Inc
Hormel
78
1*4
42
.5
Consolidated G M_
Holophane
76
2*4
10
47-
-5%
L—2.50
10
& Co class A
(R)
Hollinger
31*4
200
,
Hoe
Jan
200
47-
*
A
4.
Rubber common.—.
Heyden Chemical common
Jan
'
9%
9%
———
Henry Holt & Co participating
Hewitt
66
25
y;'.-
2% •• •;
2*4
9% July
25
•:v2%
—*
2
25
common
Nov
5-
Dec
Feb
•• 1
1%
11%
—
Co
Preferred
July
7
Jan
4%
17%
'I'.Zjt'M-».
Rubinstein...;.'—:
Helena
Jan
b6%
200
3%
3%
Dec
50:'.
5'-;"
50
5.'-
—
24
50
1
77
77
Oct
200
29%
3%
6*4
6 % May
21%
Jan
4*4
700
6*4
5%
:
Ltd—
:
Horn
•
6%
Co
,
2ViV f it
*
Hammermill Paper—1.——
10
Hartford Electric Light.
25
Hartford Rayon voting trust ctfs—..l
Harvard Brewing Co.
:J.—-—-—1
Hat Corp of America B non-vot com__l
Hazeltine Corpji.'i.ii
—.
*
Hearn Dept Stores common
—5
6%; preferred
—50
Hec.a Mining Go—u_.
25o,
Nov
700
•
i
5%
57/a
71
—
Jun
13
Jan
Mar
££•
v.: 1,500
6%
common
79%
'
100
6>4
8
i
.
18
-Y"'Y
29
common
Sulphur
62*4
%
70*4
Duke Power Co
Nov
Lamp Co
Hamilton
Bridge
Heller
10
•
•
1
—*
Co
Mar
Jan
%
—*
.
Driver Harris
July
6
Feb
40
0
—
72
111
Jan
50
1%
73%
—*
Chemical Ltd
Corp
Draper
Jun
1,800
25
Coal R—
Dominion Tar &
Oct
4*4
X8%
Foundry
Steel
6*4
Jan
1
—
Dec
Jan
Jan
140
"5% "fi
73%
35
24%
110
1
Detroit Mich Stove Co common
1
Detroit Steel Products
10
De Vilbiss Co common
10
7 °/o
preferred
10
Diamond Shoe common
—-——*
Dlvco-Twin Truck common
1
Dobeckmun Co common
1
Domestic Industries class A com
♦
Dominion Bridge Co Ltd—
•
Dominion
Jun
1.1%
65
*
preferred—
6%
Detroit Gray Iron
v
Nov
19%
v
■
-
~5%
5%
*
Derby Oil & Refining Corp com
A convertible preferred
!
■
65
—100
debenture—
'
x
24
Jan
2-y,;. 3*4
0:0 \
-•
'
l
Jan
11%
50
33%
■
1
Dennison Mfg class A common
5
$6 prior preferred
——,——50
Dejay Stores
8%
15
350
16*4
15%
Oct
20
Jan
>4
8
2,100
19%
'0* ;• S-
•
1
Class A convertible
17'
19*4
8
Darby Petroleum common
Davenport Hosiery Mills
Dayton Rubber Mfg
Hall
7% preferred
Kennedy's Inc
Ken-Fad Tube & Lamp A
Key Co common
Kings
5%
Co Lighting 7%
preferred D
Products
Petroleum
Apr
Kirby
:
i
Kingston
Dec
pfd B
:
5
*
•
100
,100
1
1
9%
11
700
May
Jan
10
Dec
5%
Jan
14%
5%
100
123
6'4
v
Kansas Gas & Elec
Sep
5%
Apr
Sep
Nov
2
Vt
56
10
45
July
32
56
63
Jan
49
Nov
Jun
3
2,700
1%
Jan
4
?%
4%
1,300
174
Jan
5% July
4*4
3"
Exchange
Curb
7
Ended Jan.
Week
Par
Klein
(I B)
Knott Corp common
Kobacker
15%
—
—
convertible
Kress
preferred
Brewing
Oct
Nebraska Power 7%
Apr
12
Oct
Nehi Corp
'
4%
—
10
Feb
Jan
102% 103%
July
Feb
105
.
Nestle Le
New
Co
12%
12%
1
-
,
Jan
4%
200
8
preferred
$2
114
Sep
Nov
86
Nov
Jan
6
Jun
86
■
—
3%
500
7%
7%
7%
1%
49%
47%
•
■
—
—
9%
Nov
5% May
53% July
Jan
18
Jan
87%
7.
60
105% 106
7
Jan
25%
1,150
Dec
11'A May
Jan
1
'
■
49%
28%
Dec
6
:
'w-7
•
Tel & Tel
England
Feb
—.
•
preferred
New
.
100
__
Jan
104%
■
«
class A
Co
England Power Associates..
6%
Sep
14% May
87A Nov
12% Mar
100
12%:.;
8
•
—
.
85
.
Mur
12%
30
'
„
High
200
•
'
'
•
Neptune Meter class A
Range for Year .1943
Low
27%
112% 113
y
s
Corp
(Herman)
Shares
Hiah
27%
113
•
1st pfd
for Week
Low
27%
100
preferred—
Dec
10
92
—
220
Nelson
9% July
Jan
69
'.
102%
100
10
special preferred
(S H)
Kreuger
Co
Sales
Range
of Prices
Par
,
•
16
Week's
Last
Sale Price
7
y-,
Apr
'
1st
Oil
Friday
,
Exchange
Jan.
..
9%
Kresge Dept Stores—
4%
Sep
_•
Jan
..--*3.
—
—
100
preferred
Koppers Co 6%
Va
Navarro
13%
100
15%
15%
♦ 3—
Inc
Stores
;;:"3;\
Curb
Ended
%
*
10
1
Emil) Co common
Rubber Co
(D
Kleinert
High
Low
1
Kirkland Lake G M Co Ltd
Week
Range for Year 1943
Shares
Hiah
Low
York
New
for Week
Range
of Prices'
/3yy'33
;
STOCKS
Sales
Week's
Friday
Last
Sale Price
STOCKS
York
New
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4245
Volume
Jan
Sep
110%
Oct
9
Jun
'
New
Haven
Clock
•
Co—
New Jersey
L
57%
Zinc
(N J)
Lake Shore Mines Ltd
Mexico
&
•
Oil
—
,
(R G) lac
Co—1
Material
Lionel
—•
Development-
Le Tourneau
Line
Lit
8%
Jan
14%
Apr
N
Y
City Omnibus warrants
1%
Nov
Apr
N
Y
&
Dec
6
Mar
N
Y
Feb
105
11% Jun
N
Y Power &
2IV2
N Y
500
9%
100
common—
19% May
Corp
% May
Jan
32% July
Y
Service
Niagara Hudson Power
5%
1st
2d
Class
A
Class
B
17%
Jan
24%
Oct
100
77 %
Jan
18 Va
Oct
18%
Oct
Niles-Bement-Pond
15%
150
12%
Jan
16%
Jun
8%
6,400
7 6%
Jan
Apr
Nipissing
.1%
2,000
1V
Jan
'
525
21%
Jan
■
20
"
Jan
5%
Jan
;
Jan
18%
Jan
15%
'
517
53
52%
49
52%
1,150
7
7%
2,600
110% 110%
10
27%
'i
2% May
optional
Class
A
preferred
A
27%
27
103
200
9%
1%
2
1,300
7277
*
Marine
munication
Com¬
'y
■
7.
•
Aug
29 Va May
Jun
Massey Harris common—
""%
Mead
%
35
&
Co
i
———
—
Warrants
*
—
Jan
;
7
25%
-Sy-s
A.
Jan
4%
Jan
8%
200
•
1%
Jan
47/a May
Jan
3%
300
3%
<
1 Jan
2% Jan
125
60
140
138
140
21 -3
!;•
100
Messabi Iron Co.
—1
Metal Textile Corp
25c
Participating preferred
—15
Metropolitan Edison $6 preferred——*
Jun
13% May
xl50%
Sep
4%
,
Jun
Oct
52
Jan
Michigan Sugar Co
——10
1
Middle States Petroleum class A V t c.l
v
class B v t c
i
—-1
Middle West Corp common
5
Midland Oil Corp $2 conv preferred—*
800
,
8%
:3"5„7;.. Jan.
"1%
1%
700
200
v;
2,300
3A
3
Jan
112%
*ov
2Va
Jan :
I
5
"7/a
7/s
3.3;:6:'3
"Qiiii' "•
Midwest
71%
!1/128 Jan
J.
%
5%
1 % May
Dec
,7 4% Mar
900
6% Apr
V
Jan
1,900
3,500
x3V2
73333' :37"'-3
Abrasive—.
Midwest
Piping
&
7,200
1%
$6
Mid-West Refineries
...
IIZi
15%
y,:,. 8
Mar
:
100
17:'"
Jan
103
Dec
29%
300
22%
Jan
34
North American Rayon
Class B common
class A
Penn
7%
15%
1
9%
Voehringer common
Molybuenum
Corp—
—
Dec
Dec
10%
Dec
97/a
_
Feb
Montana
Dakota
Montgomery
*
•
Ward A
& Power
Montreal Light Heat
Ohio
Brass
Edison
Ohio
6%
Mountain City
Mountain
States
6%
Co
•
:—,—2%
*
100
common
preferred
class
B
•
;
7%
7%
a
8%
Ltd
$3
7%
,
1st pfd
Jun
98 M
Jan
.3. ' .7 r
112
Jan
7/a
:;3;
70
3y
73
"v '
Jan
Dec
■'•'Aug
9%
18%
18%
1%
■
6
18%
15
3
-
♦
14%
1%
*
—
19%
18%
1
_
Pacific Gas & Elec
5 % %
y,
$1.30
1st
Service
107
98
-
Page-Hersey Tubes common
Pantepec Oil of Venezuela Am shs
Reel
Rig &
96%
$1.40
4
Penn
7%
& Light
Power
A com
Jun
I'8%
Penn
Traffic
Penn
Water
$7 preferred
Jan
33% July
Mfg
Circle
Phila Electric
Co
4%
4%
.4%
Pierce
Aug
Pioneer
Nov
Pitney-Bowes
Jun
Pitts
20
132%
15%
10'A
Dec
14% Mar
200
4%
Jan
10%
67
30
Jan
69% Mar
12%
12%
12%
50
50%
50%
51%
11%
11%
12
$3
convertible
National
preferred-
4%
Mfg & Stores common-
4%
Gold
Bess
Power
&
98% 101
National
7 —7
Steel
Car
Ltd
15%
pfd..:
~A
%
National Transit
National
Tunnel
National
Union
Mines
Ltd
Postage
E
Inc
127
31
31
2
Sugar
Sep
Powdrell
Power Corp
Nov
Pratt
&
28%
Nov
Premier
Sep
Prentice-Hall
common
31
For
11%
~3%
footnotes
see
page
137,
3
July
69
July
Jan
104
21%
100
125
Jan
7%
400
4
400
5
Jan
Jan
30
13% Jun
23
24%
2,800
12%
12%
100
8% Jan
Jan
1%
3,100
2 V,:.-
44%
Inc
Feb
54
July
8%
Jan
12
Apr
Producers
100
2%
Mar
Sep
Prosperity Co class B—
4%
Pressed
Metals
of
7%
Jun
42 V2
Jun
55%
56%
870
47% Jan
11
11%
350
10%
400
84% Jan
•
96
96
,95
Jan
Gas
Jan
102
July
10%
700
3Va
Jan
12
Dec
6%
1st preferred
11
300
6%
Jan
13
May
7%
1st preferred
Nov
12%
19%
20
1,500
9%
Jan
21
Jan
11
Jan
Nov
May
8% Apr
11%
11%
13%
Apr
1%
100
1%
Nov
2%
Feb
3%
3%
2,300
%
Jan
4%
Apr
Public Service
1,000
Jan
4'A
Jun
Jan
14%
Nov
2%
2%
10%
—26%
1
II
.
6%
26%
.
3% Feb
6,000
11
5%
0 '
26%
$5
—
prior preferred
Puget Sound Pulp & Timber
Pyle-National Co common.
Manufacturing
Pyrene
%
7
Apr
Dec
x9
Jun
.Jan
30% July
% Jan
liV Sep
34
6%
3% Jan
100
%
Jan
3,200
Aug
7% July
7
•
7
Jan
Mar
8% July
Jun
8% Mar
Apr
109
Dec
109
300
% May
4
104
7
_100
.100
—
114% 114%
IOO
,
—10
10%
10%
10%
9,400
_•
94'A
93%
95%
550
•
5
10
43
7
aV
&
*
———*
Puget Sound Power & Light—
Common
6
1
Dec
Jan
19
200
10
43
Sep
2'A Nov
5
,
4,300
43
15
11
4%
600
25
Jan
A
,
3,600
Apr
115
Nov
of Colorado—
.•
Jun
Oct
98
2%
■A 32%. Mar
2%
11
6'A
Corp of Nevada————,—1
10
65% July
14%
8%
3%
3%
3%
•
America—
Sep
Jan
Jan
11%
5
*
July
2%
6
56%
g
common
9% Jun
38
.GOO
'7%
7
—..—...5
Gold Mining—
July
4%
10
Co..
9% July
34
Feb
1,200
7%
1%
>
Sep
34% Sep
7% Oct
31%
50
32
8% Jan
2
,
Jan
9%
6%
7
Jun
Jan
51%
450
10
25
1
7.50
;—
Sep
%
Dec
Dec
1%
.12.50
Mines
July
%
500
127
32
25c
Alexander.
13%
Sep
173
9%
of Canada.^—
& Lambert
100
Jan
—50
Scale common
Jun
Jan
7
7%
•
Mining Co
105
Jan
74%
50
common
40
Dec
1% Apr
2% Jun
1
Meter
RR
7
30c
—+
&
Radio.
Nov
•
Pittsburgh & Lake Erie
35
250
400
Nov
41
Jan
I
common
10%
20
68
Jan
1,800
65%
64%
•
5,400
10
Jan
'
125
25
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Pleasant Valley Wine Co
Nov
10%
;
Sep
150
'A
•
common
11
National Sugar Refining
National Tea 5% % preferred-
5%
76
100
95
.
2.50
Co
87%
10%
Apr
Jan
Aug
%
920
90
99%
I 95
♦
Power 5%
& L
Mar
700
Light $6 pfd.
National Refining common
National Rubber Machinery
32%
200
Apr
Providence
National
Oct
Nov
44
75
%
%
%
100
Securities
18
_•
City Lines common.— —50c
36
27%
65%
65
65
20
Co
Governor
35
—25
Candy Co.—
National Fuel Gas...————
5,400
37
Jan
3%
100
34%
Jan
28%
30%
•
50
Co
Packing
Phillips
400
National
19% July
28
•
7
National
—
9% Jan
1,300
17%
17
34%
__
1
May
Oct
Apr
Nov
Pharis Tire & Rubber...
25
July
9%
26'/a
*
& Power Co
Phoenix
*
Sep
19% Aug
86
3% Jan
26,100
9
Feb
Jan
Jan
Philadelphia Co common
Jan
Nov
5%
14
Sep
ft Jan
Oct
99
6%
Jun
23%
10
110
Jan
Sep
•
common
Co.—
Apr
common
preferred
200
57:
•
Sugar Prop
$6
2% Mar
500
Jan
Jan
3%
6
180
Jan
Sep
15%
8%
Apr
Jan
33% July
72%
1
Penn Gas & Elec class
Penn
Nov
Jan
36% July
73
120
'
•
♦
25
preferred
series
July
21'AMaY
;
$2.80
Penn
15%
13'A
14%
Jan
102%
120
*
Perfect
5,300
Feb
Jan
31
1,300
98
5
•
1
Plymouth Mills
Telephone common
preferred A
67/s
1%
Jun
._1
Corp.*
Co
Jan
14%
7%
Jan
10
Motors
Parkersburg
Polaris
1%
Jun
3Va
200
107%
107
♦
preferred
Pneumatic
14%'
May
8
8
8%
•
.
Pepperell
.
117
Jun
28% Jan
100
preferred
7% pfd
Nov
57
Oct
Apr
55% July
Feb
7
35%
35
35
l7/a May
-
19%
Jan
3% Jan
7
6YB
—
25
25
.
& Light
Public
Pacific
1st pfd
6%
preferred—
1st
8
9
July
15%
110
60
"*l7•■•
•
common
Jan
163
Oct
112
Dec
48
i':WM
—
'
118
16% Aug
1,000
112% 1X3
112%
115 %
Jan
5%
'
•
7-.
Dec
Jun
Jan
103% Mar
'
-
Jun
110%
107
90
109
5%
22% May
.
106%
■
->•
National Breweries
Jan
£
Co
Can
Jan
100
64
67
Hess common— —-1
Bellas
Jan
80
'■
7
"3
Securities
Overseas
1%
12%
'8% May
27% May
Jan
220
19
—
4%
13%
6%
Nov
2%
115%
-
■
United Filters B
Oliver
600
IIV4
Aug
112
91
114
108
'73''
Omar Inc
1,300
13%
Dec
104
17%
114
109
1% Mar
112%
7
83
Jan
480
115
7,M
•"••'•
Nov
50
100
Dec
275
110%
—
preferred
Salt Mfg
Dec
20 Va
■
—
83
102% Mar
4'A Jan
3,700
3
19
18%
109
3
5
5%
.
37,
Jun
}'
8%
xl4% Nov
3,300
100
—100
common
preferred
Potrero
National
8,400
4
3%
109%
19
preferred
4%% preferred
Pennsylvania Edison Co $5 series pfd.*
13
'
Apr
6
16% Jan
3%
Pennroad Corp common
Sep
59% Mar
Jan
100
Mar
1%
Feb
3,400
2%
Nov
N
Corp
7%
common..
$6
Oklahoma Natural Gas common...
Plough
Nachman
7%
2Va July
Apr
4%
>-3;3
5%
Muskegon Piston Ring—
Mar
2,600
1%
Murray Ohio Mfg Co
Muskogee
:
1%
common
19
9%
168% 170%
169
5%
Ppwer
7%
•
-10
•
—100
Mountain States Tel & Tel
Jan
100%
1%
53
4
100
4
Patchogue
13 %
9%
Producers
4%
25
Peninsular
3
"V.
common.——5o
Copprr
Mountain
4%
1st preferred
Oilstocks
Jun
Jan
—
34
Feb
82
4%
•
Public Service
Apr
1
450
Jan
51% Feb
%
pfd.100
100
Corp
Co
Ohio Power
Apr
8
3%
23%
July
July
100
50
RR Co.
Ogden Corp common..
87/b
:
18
Jun
% May
O
2V2
3,650
3%
1%
4%
j
~~%
1
—i—
—
States Power class A
35 'A
49
•••..'
% Jan
3% Jan
!
100
28
28
*
5
preferred.
Jan
90
"
17%
3;
7
•7 iA
*
Moody Investors partic pfd
Mtge. Bank of Col Am shs
3
3%
—1
10
Utilities
3;
:
-
3-21 y July
15%
9
.0.
1
Pictures
common
Monroe Loan Society A—
Monogram
14,
''
*
Monarch Machine Tool
28%
29
*
Central Texas Oil
Dec
5%
*
2.50
8,600
50
.
Airlines
103
no
•
prior preferred
American Utility Securities
Pacific Power
2 %
1%' Jan
700
•"73-
Oct
Apr
9% July
1% May
Jan
Jan
,y
14
75
12%
Nov
ail
6Ve
300
3sb '
Jan
8
52'A
1%
300
l%
54%
100
Mock Jud
3
2%
itf
' 3
22
'
150
*,—7' '
pfd
Missouri Public Service common
Mississippi River Power
'7-
54 %
';
54%
3 157/a Jan
'
550
16
i' 1
A
'
7.7
y-r-'v- 7.7 3
•
8%
2lA
;3 2%r:
'
Mining Si Mfg.
Minnesota Pwr & Light 7% pfd
Minnesota
A,
8%
8%
,.;A
Canada
Mining Corp of
•■—3 3,'.7_:'>
■'
104%
3,350
Pacific Lighting $5
9%
.
4%" Jan
15,200
10%
6% May
Jan
8%
7,700
11%
U May
Jan
110%
7% Mar
Jan
25% CM to
25%
—10
Supply——-
10%
11%
•
3%
91
1,800
6% July
;■
Jan
2%
v/
—50
—
iV Sep
3
10
105
105
100
——
800
5%
% Mar
9%
•:
9%
10 %.
"I*
Co—
76% July
tV Feb
3,900
Parker Pen
common
Oil
Jan
5%
111% July
Jan
4% Jan
1,700
V:
6
8%
1%
f
1
■
5%
1
Mid-West
42
■
-
Sep
Apr
A
Midland Steel Products—
dividend shares
;
320
:
i«
Paramount
Co
75
37/s July
40
Jan
108
,,
100
5
%
7
—
$2 non-cum
83% July
5%
Pacific
Micromatic Hone Corp—
Midvale
Jan
Jun
y Jan
-a
Apr
lVe May
1% Mar
28
50
110
%
.
1
:
10
36
110
i
%
98%
2%
1%
36
110
%
100
102. y
2%
2%
300
%
7/e
102
—2.50
——
*
Michigan Steel Tube
-
6%
■
-
1
Michigan Bumper Corp
Preferred
6%
6%
•
A preferred
6 % %
54
Dec
6% May
2
Apr
700
;
7%
.
3%. 33%
,
i—•
———,
1,350
73%
Mar
600
7%
:
"
& Scott
Chapman
83%
5
$5% conv prior preferred
Merritt
jun
82%
Jun
4
Dredging
Johnson
3%
7%
Northern
Jan
,
8
7%
•
——-*
*
Memphis Natural Gas common———5
Mercantile Stores common——
*
McWilliams
Jan
l0ff
Novadel-Agene
3 Jan
3'A Jan
_—*
—1
—
Dec
1%
■
16,800
4%
Ohio
McCord Radiator & Mfg B
Sep
70%
7%
Sep
f
11
50
26
26
*
Mass Utilities Association v t c
111%
Jan
li¬
Jun
6%
90
Ltd
Co
2%
f Jan 3
2
Margay Oil Corp...
Marion Steam Shovel—--.
Jan
36%
3 %
3
7.;.'
7.7
May
Nov
102%
.
July
110
57
-
23
xll
90
820
75
5%
9 Va
'
26
;A
July
7%
Oct
2%. Jan
convertible
105
1
52%
% Jan
"
Nov
Feb
Light & Power common..1
preferred
•
North
■
Mangel
International
66'A
100
,
Nor Indiana Public Service 6%
Consolidated Mfg- Co
13
109% 110%
66%
North Amer
M
Marconi
95%
113
Mines
Noma
Aug
2%
Northeast
h.'apes
200
13% July
Jan
Electric—
Apr
55
6%
optional warrants—;—Stores.
——,
1
preferred
•
Manischewitz (The B) Co
*
24% May
1
5
Northern
$5
13
;
.
warrants
Niagara Share class B common
North
Manatl Sugar
Jan
102
10
83'A
Nineteen Hundred Corp B__.
•••
102
3Va
preferred..
optional warrants
Jun
Nov
533:
5
Feb
Jan
4% May
8% May
10 V* Mar
—
50
102
10
preferred
13,
..4
■
112% 113
112%
109 %
common-
12%
■
July
Feb
18
250
•
pfd.100
100
pfd
Dec
8;
7; |
4
31
2%
'
125
22%
--
100
6%
Jan
'/„•'-j.v%
21%
1
shares
Water
7%
Il%
1
_•
common
Founders
"1% "1%
:
i.
preferred class A
6% preferred class B
Louisiana Land & Exploration
Louisiana Power & Light $6 pfd—
68% Mar
Dec
Jan
2%
.
7%
7%
•
11%
SI
15%
7%
preferred
200
778%
*
—i—100
100
Jun
Jan
1%
1
5
—
Jan
37^
21%
Light 7% preferred—100
400
.
•
/
53
28
.—10
11%
11
■
.'
II
200
■
10
Rosarid.
10%'- 10%
10%
,
1,600
2%
21%
Shipbuilding Corp—
5%
Corp new common—10
Long Island Lighting common
Honduras
Merchandise
N
A
24%
200
27%
27%
—
—
59%
*
7%
N Y State Electric & Gas $5.10
Feb
•
*
A_.
Steel Chain—
I
11,700
-
common
Dec
28%
12%
7
Co
NOV
2
Mar
/
Sep
5% Mar
Feb
2%
•
.*
Class
4%
Jan
6%
;
300
21
''u\
5
Jan
Nov
800
.-V-
1
*
—25
1
——
-
Groceterias
Lone Star Gas
Lynch
4,300
$6
..
—
Brothers
Locke
Auction
21
10
Lipton (Thos J) Inc 6% preferred—25
Corp
Loblaw
Y
•
common
Convertible preferred—;.
Leonard
N
:V
B
Lefcourt Realty
3
Jun
9%
Langendorf United Bakeries class A—*
Class
39 %
,
1
"• '-v"'
.
Jan
13%
2%. -2%
••
'''.77"
«
20Va
5
—100
Lane Wells Co common
•«
1..;.
—
Jan
13%
—
2 %
1
—;
4%
100
*
common...
520
12,
13%
1
Lakey Foundry & Machine
Lamson Corp of Delaware
Lane Bryant 7% preferred
1
Land
Arizona
.7 39 %
: 37
38%
100
RR
200
19%
57%
'
•
6%
19 "2
2%
';
'
New
New Process Co
Lackawanna
6%
•
New Idea Inc common
:
8% Nov
92% Nov
12%
120
Sep
Aug
7%
Jan
13%
Apr
8%
Jan
Feb
15
Jun
7%
9% May
THE COMMERCIAL & FINANCIAL CHRONICLE
136
Monday, January 10, 1944
NEW YORK CURB EXCHANGE
Friday
STOCKS
Week
low
High
Low
Par
of Prices
Low
Shares
Range for Year 1913
High
Low
5
%
11%
Sep
12%
Jan
13%
Jan
(Hugo)
Stroock
50:';
75
120
154
152
146
Feb
156
Feb
13
71 %
74%
92
July
13
(S)
Corp
•
Co
Sullivan Machinery
Mar
Jan
July
70
High
Jan
Stokely Foods Inc common—*—50c
.100
preferred
Power Co——
6%
Sales
for Week,
Range
'
Sale Price
7
Par
Q
Quaker Oats common
Last
Exchange
Jan.
Ended
High
Stinnes
Quebec
Curb
York
Week
Week's
Friday
STOCKS
New
for Week
Range
Last
Range for Year 1943
Shares
of Prices
Sale Price
Curb Exchange
Ended Jan. 7
York
New
Sales
Week's
Sun
Rav
Druar
Co
Sunray Oil 5%%
Swan
Finch
13
50
13%
100
53%
100
77/s
43
Jun
Jun
13%
Oct
52 Va
Oct
15
v
Jan
8% Mar
—15
Oil Corp
Jan
Sep
21%
20%
•
12% Mar
•
Cement class B com
superior Fort
1,000
18
51%
--1
——
preferred.
conv
17%
18
*
-
1% July
11%
Sep
:0% July
..
R
Radio-Kelth-Orpheum option warrants& Light Securities
Railway
Voting
10
common
Railway & Utility
Holler Bit
Engineering
Aviation
Radiator—
Grande Valley Gas Co v t c
Rio
Elec 6% pfd D
Pendleton Inc
Field Inc
Petroleum Co
Roosevelt
Root
Corp
common
23 %
100
21%
Jan
29% July
11%
.300
10%
Jan
13%
3%
5,200
2%
Dec
12'A
1,200
7
Jan
Russeks Fifth
.
11
A
•
Nov
1%
Jan
4% July
2a
1,100
IB
%
Jan
Apr
190
•
.
91%
Jan
108
Jan
17
Apr
10%
U%
400
7%
Jan
12
Nov
2%
2%
200
2%
Jan
4
Mar
5%
5%
5%
3,500
49%
5% July
18% July
3%
200
Dec
85
Feb
Apr
8
Nov
A
Jan
3%
400
2%
Dec
5% Mar
5%
5%
400
3%
Jan
6% Mar
1%
1%
2,100
ft Jan
2% May
3%
1
5%
——•
1
•
Power
&
Light 1%
Tilo
13%
117
6%-
pfd
Texon Oil & Land Co.——
.
Tobacco
dep
Amer
regis
3%
6%
6%
200
1
1 %
Va Jan
Shipyards Corp
Edison 6% preferred
preferred.—
Tonopah Mining of Nevada
Trans Lux Corp.*
——
Feb
Jan
1 %
Nov
July
3
Jan
67
53
220
59%
59
59
•
100
100
1
:
1%
5%
Jun
Jun
Mar
109 %
Mar
116
Nov
Oct
—
ft
Jan
1
Feb
2,200
1%
Jan
4%
Dec
2,600
6%
Jan
20%
Dec
aa
Jan
'A A A
'
10
A
4%
.
4
-AAA;
,
.19*
4%
21
'
800
;%
warrants
m
17%
3,100
1,500
1%
10^
700
6%
Dec
9
17%
Jan
Jan
16%
10%
—l
*
1% July
7% July
14% Dec
4%
16%
:■ 4%
1
Tung-Sol Lamp Works
80c convertible preferred
May
107
1
Corp new..
11% Aug
102
—
Inc.———.———
Tubize Rayon
8% Sep
Jun
62
2%
;
—
Apr
2%
,
Jan
43
Dec
July
7
22%
A 4% Jbn
A
--
115%
Jan
600
Jun
26% July
115% July
Jan
1,300
•
Toledo
Trunz
Mar
102
17%
6%
6 }/a
*
Todd
Tri-Continental
Jan
6%
dep recs def r^g
rets ord
50
117
117
6%
Ltd— A
Tobacco. Security Trust Co
Amer
'
*
Exports
Product
,
5%
3% Mar
17% Mar
4,600
6%
1%
1
Roofing Inc.
100
800
13%
—
Tishman Realty & Construction———1
Tobacco & Allied Stocks
*
Transwestern Oil Co
22
16% Nov
50
18
V-8'AAr
8
Jan
Jan
2%
16
18
100
—2
Thew Shovel Co common————-5
Texas
5%
24 %
12%
—
•
Technicolor Inc common
'
Nov
13
L05 % 106
105%
2%
Ave
Aeronautical Co
Ryan Consolidated Petroleum
Ryerson & Haynes common
Dec
1% ,Nov
900
9
%
*
Ryan
Apr
5% May
10%
A * %
"2%
"2%
'
Typewriter
Royalite Oil Co Ltd
Royal
Oct
11'A
20
convertible preferred
$1.20
3%
23'A
-
7-—*
&
Cable
Rome
4,400
Jan
5%
23%
5%
—1
-•
-
Tampa Electric Co common
Mar
51
14% July
Jan
%
,3%
12
100
*
5
5
Roeser
2%
Taggart Corp common——:
Dec
Mar
3%
—1
1
Rochester Gas &
38%
19
11%
23'A
Goods
*
Richfield Oil Corp. warrants.——__—
Ricnmond
A2%
2%
2 %
Dry
Stix
Rice
Dec,
46'A Nov
—1
>-
Jan
Jan":
.
Jun
14% July
% Mar
Jan
13 %
47,800
12%A18%;
18
—1
*
5
Co
Reliance Electric &
Republic
7%
%
Manufacturing common—50o
Bank Oil Co
Reed
500
*
convertible preferred
Red
16'A
16
16%
•
Raymond Concrete Pile common
$3
250
38%
10
:
2%
Jan
12.000
IV2
Investment A—_•—1
Rath Packing Co. common—
Raytheon
'1%
13%Av 12%", 13%
1%
Dec
5 Va May
11%
Oct
A:A,;feA
U
Ltd——J
Class A $2 conv pref———5C
' '
—.
—
Bt Regis Paper common
———5
" * 4%.
4%; 5
7%- preferred
——100
147
147
147
Bt
—
Salt
Oil Co
——1
United Corp common
—1
Mills
Sanford
Savoy
Oil Co———
Schiff
Co
*
—
—
__
~ 32%
3
—*
—
common
15'A
2
53
; 27%
-1
Convertible preferred
.-25
Scovill Manufacturing.
—25
Scranton Electric $6 preferred
—*
Bcranton Lace common
•
Scranton Spring Brook Water Service—
(D AL common:
Schulte
$6
preferred!—
Securities Corp General
53
27'A
•;{
——
24%
-
72
-
10% '
u~
-
—
•
—
7
40
;A
Aug
A
A
3% July
16% July
Jan
2%
Dec
22%
Jan
55%
Jan
A-
32
July
17%
29% Nov
Jan
United
x3%
Jan
—
29%
—
Jan
A 46
-
Feb
%
100
'7
8V'8
Products
A y
9'/a
-
->13% Mar
./•'«!: 17
Ay
h
% Jan
1% May
10
Jan
3
51%
Jan
52%
'.
vir
———1
Safety Control
Sentry
Serrick Corp class B
% •>■* %
1
Seton Leather common
•
Shattuck
—5
•
25
—100
Mining
Denn
Shawinig in Water & Power.—
Sherwin-Williams common
5%
pfd series AAA
cum
Sherwin-Williams of Canada
Silex
Co
$3
convertible
.
7
2%
•
__
94
114%
preferred
•
Co
Singer Manufacturing Co Ltd—
Amer dep rets ord legis
Sioux City Gas & Elec 7%
pfd
__
237
234
—
..
Co
__
Amer
Profit
United
lOVe
Machinery
Shoe
.-10
25
—
common
'
£1
100
——————1
Soss Manufacturing common—;
1
South Coast Corp common
1 VA__
South Penn Oil
25
__
preferred B
5%% preferred series C
6%
Colorado
Southern
7%
Jan
96
Power
—:
class A—.25
y
100
England Telephone—100
preferred
Southern
New
Southern
Phosphate
Southern
Pipe
Brewing
Standard
;■'«
Mar
109
Dec
:a
6
1%
Jan
Nov
Jan
49%
Dec
32
6%
110
600
200
A'■ '
4% July
Jan
44%
Sep
Nov
33
pfd
28%
Feb
32
Sep
%
2
Jan
20
:
-
Nov
129
Mar
23
May
72
Aug
115
class B
A!
12
1
Starrett
Tube
class
Jun
Apr
1
%
Jan
100
2%
Jan
500
%
Jan
% May
5% July
27/a Sep
%
Jan
__
__
Equities common
priority stock
AAr A
A-A :;> ,'v-A>"V>:
A-
Stein
(A)
&
Co
Valspar Corp
6%
1st
5%
preferred
Venezuelan
Vogt
—1
Stetcnn
(J
For
B)
Co
common..
footnotes
see
page
•
137.
I
Feb
39
July
Feb
93
July
%
Jun
4% Jun
3% Mar
.
Feb
250
260
Aug
—
ft
Jan
Jun
2%
Feb
Jan
6% Dec
73 % Sep
Sep
47
.'•'A
6% A 6%
69
72%
.A —A,
72%
44.
44
9%
2%
Jan
6 Va
2%
Jan
83/a July
50
A.7%
Va
11
Jan
Jan
July
Aug
1% May
A
Jan
60
'A' 325
79
80 Va
Jun
2%
.
&
400
1% Jan
3%
Jun
1%
2%
.
July
4
100
900
1AA
%
78%
42%
220
2,900
5%
9%
A
63
1,050
A
4%
5%
%
A 150
44%
4%
1%
100
1 %
2%
Feb
%
800
2% A "5,200
2%
A
,
Dec
9/a Aug
ft Jan
A Ts/a
r: 10
3
Jan
Apr
13 A
Dec
Apr
4%
•
19
18
19%
7'A Jun
Feb
2% May
7,900
22
July
19% Nov
Jan
.15
16-
600
18%
Feb
1
Aug
Oct
15% Aug
19%
14%
19
Jan
21
Oct
Feb
3
May
52%
51%
52 %
1,200
42%
4%
1,000
74%
74%
4%
Jan
49
Jun
2%
Jan
2
25
68% July
Sep
•.
%
4
4%
1% •'
,
v
1%
1%
27
9%
9%
500
290
28
1,400
105
119
1,000
9
9
100
3%
May
Sep
76
Jan
3%
100
1% July
Jan
■
Jan
4%
44
7%
12
113
Jan
July
32
Jan
Jan
18
10
Sep
Dec
-
July
1
May
6% May
19% Oct
Mining
Co
10% July
A*pr
97% Nov
Feb
15% July
150
15
7%
%
14%
Apr
800
Jan
July
Western
Air Lines Inc
Jan
17%
Oct
Western
Grocer Co
18%
Maryland Ry 1%
ft May
200
3%
800
2%
Jan
4%
Oct
Jan
110 %
Nov
4
Jan
6%
Apr
5%
Jan
9
Apr
18
Dec
320
67
Jan
95
May
50
21
Jan
July
26
13
Feb
15%
Sep
5%
3%
Jan
97/a
Jun
5%
Jan
9%
Oct
3%
15
Jan
Dec
Sep
Western
1.25
...
15 %
98%
15
5
Wentworth Manufacturing
2 Va July
"A ft
:
11%
-"ft "ft
1
Mills
Knitting
Wayne
Dec
Feb
•
Class B
Walker
5% Mar
2%
5%
86%
•
Jan
25
ft '
%
Jan
110
3
114
Oct
West
Texas
West
Va
A May
Jan
16%
Jan
Western Tablet &
Oct
**7%
400
6%
Nov
11% July
&
1,200
i1*
Feb
ft May
1%
!qo
1.
1%
1600
1%
Dec
{s Jan
5%~5%
100
July
Jan
2%
"I
7%
iq«
8%
........
3%
1Va
6%
Jan
100
,
Jan
700
"914
3%
Jan
Feb
1%
Jan
1-100
8%
100
,
.
•
H
2%
Jan
Jan
•
5
...
Westmoreland
1,200
1
8%
8%
8%
500
90
84
90
14%
23% ' 23%
rl20
10
1
Oil Corp
C)
5%
Stationery com—.,.*
Weyenberg Shoe Mfg
(R
5%
1st pfd__100
Inc
Wichita River
"5%
—20
Westmoreland Coal
64
&
1%
Utility $6 preferred
Coal & Coke
ft May
Jan
500
200
„,
Jan
7%
~q
61% Oct
«
Co
13
109
'
Jan
V4 Jan
W
Aircraft
12%
35
*
•A 21%
•
119
Manufacturing—,
1,100
17%
9
1
.5,500
9%
Jan
54
20
SZZl
Sterling Brewers Inc
61%
*
1
10c
.*
Petroleum
2%
ft
"5%
%
2
Virginia Public Service 7%
•12%
50
preferred
"III
Sterling Aluminum Products—III
400
58%
59%
27%
50
1
ZJlZZl
2d
14 May
A
2,000
oaa j"
1,900
•
Sterchi Bros Stores
July
IS May
Jan
-%
:
::--AAAAA;A
common
18%
"•
common
4®/«- Jun
123
Jan
A
Jan
13^
(The) Corp voting trust ctfs_.l
Steel Co of Canada
Jan
•
May
ft
AA
1,000
—
Wagner Baking voting trust ctfs ext..•
1%
preferred
100
Waitt & Bond class A
•
ft
B_..j..1
Dec
ft May
'
16
% Jan
-.
115
v.650
—5
—
Light $7 preferred
Products
$5.50
Williams
Standard
•
%:
2%
Dec
40
7%
1
A
f,
13,900
118%
118
2%
Waco
500
X'
:
—
A>
Jan
~2%
Dec
%
%
—
•
—
July
67/a
4
2%.
•
_
1
Sugar
Radio
'ft Jan
•
Universal Products Co
Utah-Idaho
2%
2%
6% July
9% Sep
Apr
Jan
1%
109
July
;
1% May
Nov
.
—
17%
100
common..
Aug
63
__
__
17%
Pictures
6%
18%
__
Insurance
Universal
A,;
;
29%
40
•
100
6%
45
v4
6
>
■
:
Jun
,
....
Jan
Jun
ft
"v.
Universal
Jun
2%
4
2%
'
10
Co
5
A
Jan
(Ky)
Products
Apr
37%
1%
2.78
Standard Silver Lead
241
%
Preferred
Standard
2% Aug
A
100
600
.....
Oil
Utility
3,200
Standard Power & Light——.—u
Common
'
4% May
9%'10
—
50c
2
-10
—•
—*
8
1
B
Class
Jan
6%
Co
(Ohio)—5%
Nov
%
25,000
3*3
f
A A, A';
—•
Paper
Universal Consolidated
2%
6.%
44
•
•
Wall
United
Utah
10
,,
with warrants
Reclaiming
Rubber
Utah Power &
.—1
•
1
preferred——.—10
Standard Dredging Corp common
1
$1.60 convertible preferred:
20
Standard Oil
28
Jan
Convertible
Oil
Oct
Jan
44
S
4% July
7%
,
Securities
Radiator common
5% July
6%
«,
U
common
1st preferred
$5
U S
Jar.
5%
Standard Cap & Seal common
Standard
15
500
■
■
Graphite
and International
Jan
—A
Co
(AG) & Bros
1st preferred
Spanish & General Corp—
Amer dep rets crd bearer
Amer dep rets ord regis
Spencer Shoe Corp
Stahl-Meyer
Inc
Spalding
S
U S
2%
10
10
S
Co
Line
Royalty
Southland
13% July
V;
2%
__
__
U
2
900
200
1,300
43
43%
31 %- 32%
29% 30
1%
1%
-
25
Voting trust ctfs—
Dec
3
1
31%
Av:
28
2%
43
A:
100
July
119% Jun
:
__
,-.-23
25
25
original preferred
Jun
43%;
,
10
'•
-
Dec
Jan
California
Southern
5%>
Pipe Line...
Edison—
Pa
Southwest
3%
2%
1
A
21% May
50
.
3
,
A
Apr
175% Jan
__
109%
2%
3%
2%
3
3%
2% A
>
-
..
108
-
Corp
Sonotone
Jan
A 1
120
•-•'
—1
—1 AAA 5%
—5
9%
•
1
•
79
—1
—:
Foil Co Class B
S
12.100
•
a;
Preferred
U
>1% '
Jan
80
.
*:
regis
preferred
United
Apr
16%
,
—
,
i—
100
Sharing——..—...25c
rets ord
dep
Universal Cooler class A
__
__
237%
4
,
10% Mar
.
1%
>
United N J RR & Canal Co
United Stores common
—
.—1
1
Co
Aircraft
Dec
111%
Jun
8% July
Jan
83
300
190
4%
Jan
2%
% May
7.
-A
Sep
5
11%
25
''AAAA. AA.
"
1
1
100
...
Singer Manufacturing
Manufacturing
i
300
14% A
14%
►.'.
Simplicity Pattern common—
Solar
3%
—
12%
•
Solar
ft Jan
200
500
800
—
7
2%
;
60
—-•
United Molasses Co Ltd—
July
17
Jan
—
preferred
participating
United Specialties common
*
common
Simmons-Boardman Publications—
,
%
•7%
2%
12% 12%
93
94
114% 114%
—
—
•
73
Jan
57%
29%
•
;
-
—
'A 6%
100
61
Dec
July
14% Mw
1,100
12
2%
A
—• A
preferred
1st
United Milk Products
May
72% July
Jan
1
class B
Common
Jun
May
3
—
$7
$3
A-A
8%
8%
61
10
•
preferred non-voting—*
•
Option warrants
*
United Light & Power common A——•
July
1% July
*.
:?•
A ?:4%' Jan
Dec
Corp——-————•
United Gas Corp common
$6
7% July
July
——,N —
& participating
United Elastic
>"'44;>r Apr'1" aI 70% Dec
7% Jan AA'./T6% July
4%
Jan
_
United
A
3% May
6
;A
Dec
-
3% May
Jan
Dec
2
Chemicals common
cum
1st
1
1
11%
2,800
.——•
•' 7%
6%A -7%T?A-l,400
Selby Shoe Co
——
—*
• —
- •
—
Selected Industries Inc common..-.-—%- : l'/a800
Convertible stock.—.——
•.—
5
<
7% •
7%- • 7% -'•••; 6QO
$5.50 prior stock
—-—
25
68%
67
68% ,fVv
500
Allotment certificates
—
69
69 'AvA;
50
Segal Lock & Hardware.
Seiberling Rubber common
Jan
A
—
—1
—1• A — A
pfd—
_•
61
•
Cigar-Whelan Stores—*.—10c
1%
Cbrp warrants—.
—
-A
&■
United
$3
Aircraft
United
Apr
Jan
1
-'
Oct
2%
36
25 %
1,100
40
■—,A
~
.
—J
Investment common
%
420
-
Union
12%
10
10
Dec
Gas
11%
Jan
% Jan
'
.
70%- - 69
a 10%
-
A:' 148
■ft Jan
—•
26 '/•."!**
26
—
'
•
Jan
Canada
of
Union
Jan
2%
900
4%
Manufacturing
Dec
4%
Jan
2%
15 'A
300
2 A;1,500
54
325
27%
3,500
1%
—
1
—
Bros Inc—-——
Beeman
14
*
*
Steel Co common
8cullin
—
2%
4%
Unexcelled
--
—
2%
4%
Ulen
iAA 16% July
115
125
—
2%
Co——10
———*
•AAA 2% Sep
Dec
2,400
1,100
[ 50
,
Corp.•*sa ss my*** 9; at b»sw 10c
Apr
1%
39,300
9'A
9%
2%
2%
32' * 32 Vz
9'A
Dome
Samson
' ;
.
.
Realization
1%
1%
1,700
2%-
—————1
>12%
-
Lawrence Corp
4,400
3
2%
2%
Udylite Corp—..
&
9%
10
Co
:
700
10
11 Va July
19
97/a July
7% Mar
•
Sep
May
2% May
1%
Jun
56% Aug
13% Oct
5%
44
12
1 %
10%
Wlllson
Products
Wisconsin
Power
Wolverine
Portland
Oct
Nov
May
Dec
Woodley
&
American
Wright
denosit
Preferred
*
1%
Cement
Petroleum
(F W) Ltd
Woolworth
6%
Lignt
~6
4 % Mar
Jan
12% July
Jun
500
,
pld—lOO
110
Sep
3 Va
10
~7
1
~7%
200
7%
300
Nov
4%
4
Jan
8% July
Nov
-
7%
receipts
,
Ltd
—
A.
*
6%
2%
"2%
!;'
4,100
10
Jan
5
£i
—
Hargreaves
5%
Jan
108
1
Winnipeg Elec common B
Oct
1%
9
Heating
Inc
Sep
12% May
4%
Oil-O-Matic
Williams
Aug
2
Jan
.
Jun
5
Aug
4
Apr
Volume
COMMERCIAL & FINANCIAL CHRONICLE
THE
Number 4245
159
NEW YORK CURB
.A
Exchange
Curb
York
New
Week Ended Jan.
Interest
Period
'
7
or
Gas & Electric
2%s
f
s
High
No.
Lou?
s
f
debs
3%s
s
f
deDS
Amer
Amer
deb
Lt
&
Pow
Writing
5s
104%
2
79%
80%
Week'* Range
Friday
Last
Interest
•
7
Period
2004
Bid & Asked
J-J
Utility 5%s_—1948
Continental
J-J
109
1945
—
$115%
■
88
104
Elec
SAssociated
&
Gas
Elec
Co—
'
13
,:
Ohio
1st
mtge
3s
Ohio
80 Va
46%
Power
.1st
Public
3%s
mtge
1968
Service
A-O
1971
—
4s
:
deb
4V2S
1948
M-S
AConv
deb
4'/2 s
1949
J-J
F-A
10
108% 108%
F-A
109
A-O
F-A
MS
;
j.—_1968
--i
ADebenture
5s
AConv
5VaS_
deb
Atlantic
1964
v. /
105% 106%
1979
M-N
25%
175
12%
26
$ 107
MS
51
25'A
24
■V*
Power
'
1st
M
Pennsylvania Water & Power 3%s_1964
92%
109%
Philadelphia
Elec
99%
101%
Philadelphia
Rapid Transit
3%s
C
Steel
Bethlehem
Bickford's
1962
—1968
—1998
6s
Inc 0%s
Birmingham Electric 4%s
Boston
Jl(-S
1960
L
2%5
Edison
116%
Potomac
117 %
121%
4%s
$150
180
102%
109%
$104'/8 104%
102'A
106%
101%
104%
85%
100 %
105%
102'A
102
102%
Corp
Canada
Northern
Central
111
El
Power
3%s
Gas
&
V ,-M-N
1964
i
J-D
1948 ..-'A J-J
1953
5s
-
...106
1
106
1954 A
——
gAfchicago Rys 5s ctfs————1927, i,/1
St Ry 5%s A_„_*
19521.or
—1955
B
5s
deb
Conv
37
38%
81
37
38 %
82
13
100% 100%
4
100
,f; Debenture
5s
Debenture
Cities
.
1958
1969
1952
1949
1951
5s—
—-•
P & L
Service
5'/2s—
■
5V2s
—
Connecticut Lt &
El Lt
Consol Gas
,?
& Pr
series
3%s
mtge 3s
ref
1st
A—
(Bait)—
7s
Pr
P—
ser
2%s ser Q
Consolidated Gas (Bait City)—
ref mtge
1st
75%
,
75%
*
46
\
1944
& RR 5s
137% 140
A-O
100'A
1979
J-D
perpetual
certificates--
78%
103 Va
San
A———1969
1953
1948
3%$
Co. 6s ser A—
Georgia Power & Light 5s—
105
Scullin Steel lnc mtge 3s
1951
AGobel
1978
1950
1950
1963
stpd
Mountain Pow 33A-
Nor
Green
Power 5s
101
a-o
98 Va
Sheridan
84%
99
South
85
101%
Southern
California
86
101%
Southern
California
117
.'20%
Southern
Counties
Houston Lt & Pwr
109%
-■
-
104
105%
122
1
121
123%
2
100
131%
Standard
99
-
91%
,100- 7:
.
90%
A-164 £
-
82%
11 '
99%
79 A
16
91%
103% 104
•
93%
94%
91%
101
6s
>
104 %
106
106
% 58
1st
&
5s series C__.
ret
&
ref SVas series
1st &
International Power Sec—
series
A6V2S
A6Vis
(July
Power
Interstate
—1952
1952
1957
1952
1963
coupon)
5s
6s
A.- Debenture
A Italian
1941
6s
Superpower
1965
Jersey Cent Pow & Lt 3 Vis—.
Kansas Electric Power 3Vis
—1966
2022
19fi9
Electric 6s
Power & Light 3Vis
Kansas Gas &
Kansas
1970
196b
Kentucky Utilities 4s
Laae Superior Dist Pow 3Vis
Louisiana Pow & Lt 5s_
1957
!l948
1947
1971
stamped
Co conv 4 Vis
Metropolitan Edison 4s
Mengel
4s
Midland
E
1967
1978
1955
ref
5s___—
—1957
1951
Mississippi P & L 5s_——
Mississippi River Pow 1st 5s
& Suffolk Ltg
Gas
$102
104
A 102
102
1
105% 106
37
$
30
A 5
104 Va
M-N ;i
J-J
94%
102
20
94%-
93
94 %
M-N
103
96 Va
80%
8
•108% 108%
17
94%
F-A
104 Va
94%
101
93%
-
•
5s
96
80
105%
25
26
109
8
26
18%
Debenture 5Vas
Orleans
A Income
N Y State
fis
series
:'i; 7
23
107 %
~8
96%
86
87
18
62
87
86%
*'
89
117
64 %
88 Va
103% 104%
.'""-A ;
:A
88%
;A 87
.A 88%
■
A
94
65
88 Va
87
89
56
65%
89
lA
87Va
88%
16
65%
88.
f-a
88%
86%
88 Va
157
65%
88%
f-a
87%
88%
14
64%
88
a-o
33
35%
24
23%
34%
12 Va
32
•
'
88%
■
v.;
■:
:■ •
-
89
•
/
;
,
$22%
J-J
>
:
■;.■'
■
27
»
23%
| A-O
1946
V-
22%
,23%
13%
17'
•
1956 ; i
-.—2022 V
Light 5s
&
•
A—
1979
5s
Power
1952
5%s
-
25
4
97
y
108%
106
116%:
90%
103 %
107%
1'
109%
85
35
97%
109 Va
111
'"4
108% 108'%
; 97 ';
J-D
105 Va
117
102% 102 Va
F-A
J-J
v
13
107% 107%-
"$116.
J-J
;
1968
3'As
105 Va 106 Va
106 Va
J-J
M-N
—1960
Electric
United
J
N
1949
1959
$110% 112%
J-D
A-O
4s
97
110(4
Light & Power Co—
1st lien &
cons
United Lt & Rys
5%s
(Delaware) 5%s_1952.
(Maine) —
107% 107%
1
t
109fit;
106
50
96%
104%
114%
103 % 103%'
103%
A-O
112%
117%
United Light & Railways
A
——1952
A
series
6s
•
•
$115% 115%
F-A
•
M-N
2022
series A—
Debenture 6s
/ •-:
112 % 112'A
2
96
112%
Waldorf-Astoria Hotel—
1954
dibs
income
West
Penn Electric
West
24%
25%
M-S
33
25%
4%
30%
J-D
$107% 111
108%
109 %
J-D
$108Va 109 Va
108%
110%
2030
A-O
$109% 110
102%
110%
J-D
$116
Traction
Penn
Western
A
5s—
Power
1964
Elec 4s
Water
1951
3%s
Ry &
Wash
1960
5s
>
V.
110
118
118V4
Newspaper Union—
unstamped extended to 1959
6s stamped extended to 1959
1A York Rys Co 5s stpd
AStamped 5s
;.
-
100% 100%
F-A
F-A
J-D
J-D
6s
1937
1947
63%
85
85
97%
97%
•'iv; 98
100%
85%
84
75
100
'73%
98
100
35%
23
•:-77;9
16%
33%
26
.'...4
19
35%
23
7
■
■16%
25:7
':'.V
2
23
J-J
25
23
17%
35
J-J
90
89
61%
60
1
•
90 Va
j-j
Vv7
62
j-j
-
V
64
108 %
121
J-J
112
107
108
$106
J-D
108%
104% 105'A
105
107
108
121
123
2
111
113
106%
1C8%
107 Va
'
109 Va
^
-
'■ 7
■•7
::;;
104
a; 17
$99 Vs 10O
f-a
M-S
101'A
110%
109%
M-N
'
86%
100%
i;- :'
109% 110
102 Va
5
102% 102%
15
102'/a
106%
--
99%
112
Week
•if
62 Va
63%
63%
49
107%
J-D
•
107% .107%
15
105 Va 105%
•
•
.
•
107% 107%
M-N
'
109
6
103
2
105% 109
104
104%
20
110
f';-
J-J
llOVa
6
A 20-year
7s
Bogota (see Mortgage
ACauca Valley 7s
Bank
106%
103%
5%s
Danish
Extended
113
$109% 110V4
„■-
J-J
$112'A 113 Vs
M-S
73%
72%
73 %
65
49%
J-D
73%
V 72%
73%
33
50%
Af-N
73'A
72%
73%
103
117% 118
4
.'V
City
(Peru)
$107
109 Va
50
105
A Issue
A Parana
de
ARio
ARussian
23 Va
62
44%
64%
60
42
V
60,
33
10
20
J-J
1958
1951
of
Oct
18%
11%
.20%
•il:VV>r$35
38:.'•
20
36
$19
...20.....
16%
24%
32
37 %
.$17%
M-N
J-D
stamped
7s
% $20 Va
1927
!
(State)
1947
M-N
1931
1972
...
J-D
J-D
._
$33.,
1
„
A-O
;
■
V
6V2S
Government
—
A;
-
32
„.;
38
18
20%
$.55...
'.-■v-
22
CO
45
GO
1919
1921
-
33
7
22%
35%
J-J
J-D
1959
Janeiro,6%s
$33 %.36
$17.
__
'
35
M-8
—1958
7s
•
35% .35 Va
4
17
36
4'VV
54
2%
9%
4V4
61
2%
9V»
J-J
4
"4%
3%
33 Va
•
79%
79
'
79
109
M-N
A-O
96%
95%
96%
145
76%
96%
J-D
98
97 Va
98%
59
82%
98'A
1949
J-D
1102% 103%
102%
106
M-N
$109
109
112
110'A
14%
114%
1954
Nov
54%
17%
60
M-S
AMortgage BaDk of Chile 6s
A5Vas
112
54%
46
•
62
62
F-A
1952
Mortgage Bank of Bogota 7s
Alssue of May 1927
117%
114
High
52
■
17%
J-D
M-N
6%s stamped_'1958
7s
AMedellin
110%
107
1943
year
Low
No.
$51%
■__
Range for
Sold
High
$51%
■
102%
28 Va
Bonds
Bid & Asked
Port
'
■
A-O
J-J
1953
5s
& Waterways—
AExternal 6%s stamped
Danzig
107%
108
12%
25
Sale Price
Jan 1947
of)
1948
1955
Mortgage Bank of Denmark 5s
100% 101
F-A
Last
Period
-
64
105%
•
J-D
7
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1946
AMaranho
M-S
Ended Jan.
Low
102%
100%
12
--
Interest
Exchange
Curb
Week's Range
or Friday's
Friday
BONDS
York
New
110%
107
101%,
$107 Va 109%
M-N
Foreign Governments & Municipalities
110
106%
1
13
;
112
A-O
44%
;.-V ^
121
107 Va
67
16%
108%
M-S
J-J
36
'
108
'/..'V;;'V-'
74% ' 94
29%
$105
108
M-S
J-D
$28%
74
:
98
Elec & Gas 33As„——1964
108%
88
1946
5s__
♦No par
r
Cash
sale,
value,
x
a
Deferred dellverv sale,
d Ex-interest
y $8 liquidating dividend paid.
e
Odd-lot sale,
n
Under-the-rule sale,
Ex-dividend,
$Friday's bid and asked prices; no sales being
A Bonds being traded flat.
gReported in receivership.
Service—
A
75 %i
106%
35
25
F-A
5
—1961
1948
.
—
Public
107%
38
17
J-D
1948
1950
—
England Power 3148
England Power Assn 5s
106 V*
52%
f-a
A-O
>
.
1947
—
5s
"
47
75%
102%
93
104% y108 Va
99% 107'A
$102% 104 %
741/2
.1950
Service
Edison
A 5s
-104
103
$103% 105 %
105%
109 Va
-1957
6s
City Rapid Transit
Twan
111%
91
-..105 V4 106 %
102%
105%
;
J-D
inc 5s
Wash
Va
11
1957
Utah Power & Light Co-109
1948
5s—
New Eng Gas & El Assn 5s_—
deb
Powei
Water
Toledo
VV44 VA 66 V;
5
6
...—
New
2
65 Va
110
104%
•76
$107
(Hugo)
series
6s
111
97 V*
26%
ctfs—1978
Nebraska Power 4Vis—J——1981
:
6s series A—
—„2022
Amsterdam
Texas
/
106%
78
110
106
107
104% 105%
7 108 Va 108%
1966
Industries—
7-4s 2nd .stampede——A-S
A
102 %
91 •<:
'
105%
:■
1951
1
—Dec
—
(Hugo) Corp—
Stinnes
100'A
98 Va
65%
104%
105%
103%
100
108%
65%
100%
103%
v.
A-O
stamped-i
Certificates of deposit
102%
90 Va
57
F-A
J-D
M-S
1943
5s
ANational Public Service 5s
New
93%
<
f-a
May 1948
May 1948
3d
7-4s
98%
105
108 Va
$108
'
J-J
P & L 4Vis
New
•
—
A-O
4%s
Minnesota
Conv
-
97'A
105'A
1
74%
M-S
gold debentures
Standard Power & Light
ALima
Gas Light
New
1
38
99%
110
85%
100%
106 Va
$103% 105%
v $98
A
A-O
J-D
M-3
1963
Vis
to
Milwaukee
Nassau
.
70
2
10
.
6
' 'li'A
,
M-N
6s
Tide
102% 103
103
;
Valley RR—
Extended at 4%
&
58
f
United
.■£
—1965
-1943
G—*
series
Middle States Petrol 6
1st
107
Radiator & Mfg—
McCord
6s
Stinnes
97
102
99%
$96
90
Ufi <4i
-.1955
1955
1957
F
series
A7s
106 Va
91%
18
/;
coup)
coupon)——1957
(Aug 1941
A7s
A7s
C—
1 1941
E
series
A7s
■£
(Dec
AStarreit Corp
101%
105%*
102
;
..
.
A-O
1956
B————1957
Indiana Hydro-Elec ,5s
1958
Indiana
Service 5s
1950
1st lien & ref 5s—
—1963
Indianapolis P & L 3'As.
1970
1st
124%
63
A-O
Light Corp—
ref 6s series A
—1953
i
131
68
'
3
105%
f-a
1989
6s„
6s*
93%
103'A
7104% 107%
98%
*104
99%
J-D
Power &
Illinois
-98
*
A
—
j-j
stamped
Debenture
••51
-■
66
101% 102
;:
—
J-J
Jan 1549
3
■A-
58
6s
Debenture
Texas' Electric
J-J
F-A
3-D u.
—Jan 1949
—
-
Conv
103
,
$ 104 % 104 Va
101% A
A
-
B__
series
6s
4
106
■
105% 105%
A-.i A-
(Calif)—
(stamped)——
103
1
.
7 v'
Electric—
&
87%
7:7 67
-
1
74
114
127%
128'
104Va 104%
•
8s__———2022
L
&
P
Gas
123%
—
7106% 106%;
M-S
1966
79
$123% 124%
M-S
:•
245
95
■-102% 102 %
102%
•
A-O
Spalding (A G) deb 5s
104
Southwestern
•
' :A99
79
108%
8
104 Va 104%
m-s
1970
Southwestern Gas & Elec 3%s__.—1970
103
102
-
12
"A/A
109
101%
Gas
122
100
1965
1971
1951
Gas
103
102
3s
Edison
1st mtge 3s—
i
Indiana" Rys 4s
112%
7
4
106% 106%
-
J-D
3'/2s
Hygrade Food 6s ser A-^—
106%
156
104% 104%
j-j
Southern
--
100'A
90
104%
J-J
6s
53
Power
89
110%
$109
106%
A-O <;
J-J
-_1945
West 6s
&
3uantanamo
102%
135%
128
a-o
1947
1957
3%s
Coal
Wyoming
Carolina
143
100% 101
3-D
J-D
—^1958
Products
Grocery Store
;,
4s_
Grand Trunk West 4s——.
Great
110
3
$70
v.-
a-o
89
99%
99
:d
99 VA
M-S
1965
(Adolf) 4%s series A.——1941
Coal
Alden
Glen
95%
106%
44
109% 110
M-S
1951
6s
83%
$117% 120
J-J
.
Estate
Real
84%
J-D
•
1952
Joaquin Lt & Pwr 6s B
ASchulte
25
•
1954
L—
4%s
165
100% 100%
M-N
—
Power
—.
99%
100%
M-S
•
Pub Ser v'5s
77
3
104% 104%
98%
100%
F-A
M-S
2030 •;
,1956
District El 5s———
1952
Federal Water Service 5%s
1954
Finland Residential -Mtge" Bank—
6s-5s stamped
i1961
Florida Power Co 4s ser C—
1966
General Rayon
112%
5
108
140
98%
$97
M-3 V;
Empire
General
112
110%
Jersey—
97%
-
MS
1956
Eastern Gas & Fuel 4s ser A,
Electric Power & Light 5S
Gatineau
101%
110
1
93%
108
1C4%
-
Florida Pow & Lt 5s
•
93%
''
7
J-D
Shawinigan Water & Pwr 4%s——1967
1st 4 Vis series D
;-1970
J-D
1955
3%s
Water Lt
"
97%
110%
111'/a 111%
.
M-N
New
99
3-D
J-D
J-J
1971
1969
—1976
Cuban Tobacco 5s„_———
Elinira
'
108
4
J-D
of
Service
98 %
M-S
J-D
mtge 4l/2S
1954
A-O
A Consolidated Textile 5s stmpd—1953
M-N '
Continental Gas & El 5s——
1958 ?*}-■?. F-A ^
Packing
105
■,,77 2
,
$110
..'7
•
M-S
1959
.1964
1949
103
1
101
101
A-O
M-3
M-N
J-D
M-N
.
45%
$104% 105%
Gen
Cudahy
a-o
llOVa
117
101%
100 Va
152
76%
$102% 102%
A-O
~
1966
1950
„„Jan
5s—;
Service
Cities
106%
100% 100%
106
—
109'A
105%
Queens Borough Gas & Electric—
5 Vis series A
1952
46
13
37%
F-AVV
A-O
Cincinnati
■
106
111
Colorado—
Sinking fund deb 4s
6%
Safe Harbor Water
series
* A*
108%
107 Va
38%
MS
J-J
1953
Central States P ft L S'/aS—
6s
j "j
39
107
105
<
.
ACentral States Electric 5s—
A5%s
70
99% 100'A
*
M-S
105%
30%
102%
116% 117
116%
m-n
L
4%s B
(Can)
101%
.
$105% 108
.1956
£
5s
19
Kv'V7
$106% 109
1950
mtge 3 %s
Public
300%
111'%
106% 109
100% 103
41
Co—
F.
Public Service Co of
1st
J-D
F-A
1962
6s
.
130% 103%
J-J
1961
Edison
series
Power
$104% 107
3-D
1970
1
114%
120'/a
120
& Coke
stamped extended
114% 115%
J-D
M-N
Q-P
A-O
-1957
B_
—
103%
1970
5%s
Power
■
103% 103%
1972
'
a 5s
Canada—
series
5s
series
5s
5s
——
Portland Gas
Bell Telephone of
Light
72%
15
108 Va
-
$102
-
-5s
1st
26
14
&
Lexington 1st mtge 3s
106%
86%
.,.85%
107%
1
$106% 107%!
Penn Central Lt & Pwr 4 Vis
24
85%
J-D
——1947
warrants—
$38 Va
M-N
Park
26
(B. P.i—
without
5s
1955
City Eiec 3 Vis—-
& Sons
Avery
1-1977
5%s A—
Assoc T & T deb
y
F-A
J-J
1977
Pacific
26
13%
23%
-1950
AConv deb 5s_^—„
110
107
108
1964
26
13%
'
107
4
109 %
108
108
1955
14%
72
243
.'•'.V
108
105
F-A
25%
25%
91
104
1
A-O
'
24
115%
54%
38
104
1948
23%
24%
108%
115 "a
Aug 1955
25%
24
High
103%
$105% 107
A-O
1962
Oklahoma Nat Gas 3%s B
-•-24%
$24%
AConv
,
Low
10
89%
Oklahoma Power & Water 5s
Associated
1943
year
No.
__
88
104
M-N
Range for
Sold
High
104% 104 %
J-J
19.64
5s
Bonds
Friday's
or
Sale Price
127%
105%
Westchester Ltg 4S
Ogden Gas 1st 5s
109
137
81
&
North
100
124
2
127
105% 106
105 Vi
A-O
J-J
88%
106%
Y
Debenture
106 Va
96
44
99%
99%
126
J-J
1953
:
108 Va 108%
>';■• 3-D
1956
4'As
Lt
&
Pr
103% 104 Via
104
7
80
J-J
1961
1970
_2024
6s
Pow
108 Vt 109Vi
1
Ftchange
low
105
108%
107%- 111
18
106%
106
106%
Curb
Ended Jan.
High
103%
6
103'A 103 Vi
M-S
2016
3JAs
Appalachian Pow deb 6s____.
Arkansas
Low
York
Week
1943
year
N
6s
Paper
Elec
Appalachian
New
Range for
Sold
Co.—
.—J-J
-I960
J-J
1970
J-J
debs___
3'/as
BONDS
Bonds
Friday's
Bid & Asked
Sale Price
AAmerican
EXCHANGE
Week's Range
Friday
Last
BONDS
137
,
-
„
transacted during current week.
\ '
,
.
,
,
. ;
, ;
.
^
"cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M." mortgage; "n-v," non-voting stock; "vtc," voting trust certificates;
"w i," when Issued; "ww," ^vith warrants; "x w," without warrants.
*
Abbreviations
used
above—"cod," certificates of deposit;
7
■
Monday, January 10, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
138
OTHER STOCK EXCHANGES
Slock Exchange
Jan. l'to Jan. 7 both
Arundel
Corporation
4
1—
—
*
Traniit Co com v t c—
Bait
Preferred
Fidelity & Guar Fire Corp.—.„_10
66%
120
57%
7%
100
6%
35%
Jan
25
44
44
Houston Oil of Texas
:;//
9%
44
D)
Advanced
Jan
Mfg
Allied
Laboratories
38% May
27%
27%
350
22%
Jan
29%
50
24%
Nov
28%
75
81
62% Mar
Jan
15
Nov
100
6
Jan
40%
Nov
200
2%
Jan
6!/4
Apr
,_5
,4%
.
.
,11
150
13% Aug
Jan
*
■
12%
17%
13
18%
250
12%
Jan
18 y8 July
38
12%
Co—*
39%
/'/-v 700
25 V2
Jan
42% July
YY,V:
110
110
Preferred—100
5%
,5
15
Jan
111% July
128% Jan
158% July
90'%
10
200
156% 156%
100
...
High
Low
4%
capital—
common-,
Jan
10
.
Jan
3
8,900
6
6%
Jan
1% Mar
Sep
i
Athey
Wheel
Truss
%
400
1%
1
:
com—,1
capital————4
Feb
71
Tel
&
Co
51%
20
14%
Asbestos Manufacturing Co
Dec
29%
Tel
&
Armour
100
11%
common-——
Manufacturing
American Public Service
Dec
60%
14%
Bearing .common----——1
Chalmers
Allis
60%
60%
High
11%
Castings-,.
Range for Year 1943
tow
*.
common
Aluminum
Ball
Shares
—1*
common
Co
Aetna
Feb
29%
27%
6% pfd vtc-:—25
(J
American
Jan
20
14
32%
32%
r.
Adams
for Week
of Prices
Par
common————*
Laboratories
Adams Oil & Gas
Jun
67% Aug
Jan
4-
■
12%
Jan
7%
--
-100 :j
2.95
Aug
,
66%
•
Georgia Sou & Fla 1st pfd
8
333
...
66%
'
1
Assoc com v t c__.
10%
7%
■>
Consol Gas E L & Power common
Eastern Sugars
9%
10%
t c
v
Abbott
Mar
19
1.00 Mar
810
1.75
1.50
Y'vv'T/TV:■/:■ Y: v'Y■'Y
High
,
Jan
16
820
17%
17%
■
Low
High
Low
Par
Sales
Week's
■
[ Range
Sale Price
STOCKS—
Range for Year 1943
Shares
of Prices
Sale Price
STOCKS
compiled from official sales lists
Friday
Last
for Week
Range
Last
Jan. 1 to Jan. 7 both inclusive,
Sales
Week's
Friday
Chicago Stock Exchange
w
official sales lists
Inclusive, compiled from
7
July
4%
50
;1%
1%
500 1
3%
4%
2,150
20
20%
150
Jan
23
15%
15%
200
.13% Jan
17
■8%
8%
800
5% Jan
34%
35%
400
8%
8%
650
4% Aug
8% Aug
200
26% Jan
38% July
;4%
2% Jan
i:
*
Moore
Mills pfd—,
Vernon-Woodbury
Mt
25
Distillery..
(Tom)
YY--Y;Y'Y
-100
U S Fidelity & Guar
36"
,50
,
85
28%
44
Belmont Radio
,
Corp.—*
Aviation
Corp common—5
Bendix
Warner
Borg
101
Aug
51
51
4,000
49
Mar
56
Jun
59%
59%
3,000
1975
5s series A__.
55
Mar
64%
Jun
90%
$900
100
100
-1975
Transit Co 4S—
Baltimore
Jan
Brach
Co
Low
Par
American Sugar
_50
Anaconda Copper
Bird
&
Inc__
Son
Edison
..
prior preferred
10%
Providence
4%
5%
_100
„
.—pi'/!-'.'
Co
Jan}/
./20
Dec
:
T100
5
—
.._j
32%
Common
1%
8
Jan
.Jan
2
7
May
321
1%
Jan
8% Jun
135
2%
Jan
8%
Jun
8%
Apr
39
30%
28%
6%
2%
11%
Jan
23
Feb
35
6
Dec
9%
Apr
3%
Jan
17%
■
6%
5%
27
15
14
5%
380
5%
4%
May
7"% May
Jan
T' -V
\-v\
-10Q
1%.
1% ::
33%
Jan
2% May
59% Nov
19%
Jan
37%
%
83
57 %
33%
33%
Jan
124
4%Y
15
124
Oct
70
Dec
92
30
93
56
56
15
25
Jan
.100
13
13
50
6
Jan
24%
•
Eastern SS Lines Inc common
General
Association
Service
Capital
•
4
Bakeries
$7
Kennecott
5%
o
pfd.
conv.
—
-TV
—25
v
Cos
—1;
.,100
.100
12%
~
■
Y?
105%
-50
RR
•
S.
Inc
9%
Sep
35%
31%
184
36%
39%
Jan
26.08
Co
Twist
Union
United
JUn
30%
Jan
136
4%
Jan
100
37%
7%
8%
■
40
July
9% May
51
78
v
1%
Jan
37
Mar
75c
1,085
82
1% July
32
258
28%
Jan
35%
Apr
16%
16%
294
14%
Jan
17 %
Dec
23%
24%
75c
49
8c
9c
Jan
Jan
450
3%
■—
/
27%
Apr
July
Oct
14% Jun
lc
Feb
10c
July
110%
Oct
86
Jan
480
40c
24c
Jan
78
Jan
23
85c
100
.
Apr
July
12c
12c
100
10c
Dec
1% July
26
no
19
Jan
28% May
25%
27%
490
23%
Jan
32 Va
1%
12%
12%
8%
U
26i/2
761/s
Machinery Corp...—
23
preferred ————25
Rubber
S
33%
!%r«—
Co—.
United Shoe
6%
21
——
Waldorf
System Inc———
Warren
(S D)
Co
V.
& Light pref—*
5
12%
306
;:;
Jan
66c
.
1% Mar
:
Jan
5% Jan
8%
164
33
33%
180
251/a
27
13%
15
761/2
339
60 %
14%
Sep
For footnotes
8%
200
3%
Apr
10
Oct
350
9%
Jan
14
Aug
2
Jan
13
'
5%
-5%
8,850
July
6%
s
Oct
950
38% Jan
49%
Oct
*
82%
100
65% Jan
84
Dec
15%
2,750
3% Jan
18
May
45
46%
:
82
14%
•'
3%
3%
150
25%
5,400
21% Jan
Consolidated Biscuit common.—---—X
4%
,;'4%
4%
500
/ 2% Jan
common———ilit—25
19%
19%
19%
100
14% Jan
22% July
95
93%
95
20%
21
15%
16
♦
;Y
5% May
Co
pfd—100
2%
cum
Stores
Drug
y
1%
3Vz
Feb
Dec
c
Dayton Rubber Manufacturing com—,1
Decker < Alf) & Cohn Inc common—10
&
Oeere
Co
27
S
.
July
1
5%
5
8%
Elgin National Watch Co—-i—,15
Eversharp Inc common
——1
29%
Domestic Industries-Inc class A-
;
:
V
■
•
120
Jan
100% Aug
17
Feb
23'/a July
;
250
Y
83
200
11% Jan
19
f
•
50
75%
10% May
1970
Electric Household Util Corp
100
2Vz
39%
100
26%
Jan
421/2 July
5%
600
1%
Jan
6% May
8%
350
3% Jan
J 5%
common
Fox
(Peter)
;8
•
20 %
Finance
Corp
Corp
12%
50
10%
100
4Jiyr
100
13%
50
40%
5
:
13%
3%
331
Brewing Co capital—
Spencer Bartlett common
class
Brick
Illinois
■
' K
500
3% Feb
6
550
4% Jan
91/8
Jun
Jan
7%
Dec
Jan
13 7/8
Oct
'
100
'-Y'
;'2
T
4%
10
501
20
600
1%
9% Aug
25
Jan
371/2 Aug
100
12%
13%
1%
Jan
11% Feb
13% May
150
37
G
77
9%
12%
10
17
100:
4%
4%
4%
50
1%
Jan
4% Nov
10%
11%
1,500
7%
Jan
16% May
20
19%
20
Oct
23% May
17%
17%
50
100
Co
(W B)
73%
73%
13%
13%
50
—1
,*
4%
4%
100
3y8
Jan
6%
6%
100
5%
10%
10%
50
4%
Tube
&
Lamp
com
*
$3% preferred
48
150
■"
McCord
Rad
&
;Y
class A
Mfg
25
*
%
n
16
25
Field
Mickelberry's Food Prod common
West
Midland
Corp
United
Midland
14%
*
common
capital
14%
6
1
5
10%
•
20
9%
14%
10%
5,750
20
20%.
&
7
155
25%
46
July
10%
10%
2OV2
20%
5
94
961/a
80
70
stock
v
t
*
c
2%
2%
2%
300
46%
45%
47%
600
28
28
Jan
7%, Jan
16
.
80%
*
Nachman Corp common—
43%
11 % May
Oct
Jan
21
Jab
99% July
$8,500
401/8
Jan
571/2 July
National
Cylinder
Gas
i——
-.14%
*
July
Sep
27% May
16% July
Jan
Jan
Jan
T:
6%
Dec
10 Va
Dec
8%
Jan
2
Jan
21
Dec
11%
Sep
1
Jan
National Standard
cap
stock
North American Car
33
35%
cap—.5
common
3Va July
50
Sep
T; 100
25
Mar
29%
Oct
250
10
Jan
15%
Sep
14% July
Nov
12%
150
9%
Jan
12%
100
4%
Jan
14%
33
150
26%
Jan
38
36%
650'
23%
Jan
37% July
19% Sep
33
33%
July
18
,20
Northwest Bancorp common.
Jan
12
10
Noblitt-Sparks Industries Inc
15%
33%
12%
common—_1
National Pressure Cooker common—2
—„*'
17%
18
100
8% Jan
16%
17%
300
1Q% Jan
240
56
Jan
103
430
9
Jan
23
Oct
10
114
Mar
124
Dec
Jan
10
Dec
100
95
25
lien pref—100
preferred——4——;
—100
Omnibus
2
20
Hart—
Common
Apr
42 %
Jan
4%
300
Muskegon Mot Spec class A
Sep
Jun
3% Feb
200
6%
Sep
July
8%
10
700
6%
15
74
Sep
Jan
13
700
6%
100
76% Sep
47
48%
Util—
prior lien
Jan
Jan
Jun
Jan
Co-
Dec
42Vi Sep
Jun
14%
%
350
-
Marshall
8%
Jan
9% Jan
110
22%
Nov
Jan
1,000
15%
iv
*
—
July
5%
41
7
Lincoln Printing Co common
47%
48
Kentucky Utilities jr cum pref——50
Llbby McNeill & Libby common
16
9% Jan
5
Kellogg Switchboard common—
Ken-Rad
July
78% July
Jan
A—*
Katz Drug Co common
19
11%. Jan
63
*
___
capital
Co
18%
500
'
3
capital
71/2
63 Via
July
2% May
11%
251/4
175
Jan
U Jan
10
Montgomery Ward & Co common—*
671
21% Oct
17% Jan
300
Jun
.
Inland Steel
7%
Dec
8l%
13%
Indep Pneumatic Tool v t C—
•
Indianapolis Power & Light com—*
Jarvis
14
100
capital
Co
Nov
10% Jan
4% May
8
37
1%
—1
Illinois Central RR common
■■
37
43
56'/« July
13 y4
9%
9%
Jan
Mar
Jan
19 %
20
*
B
.
8
—*
;
common
Houdaille-Hershey
8
6%
44% Jan
13%
1
—25
Feb
721/4
\
Sep
Dec
13
July
141/2 July
Jan
9
15
600
54
4%
—
10/'
31
20%
Feb
5'A
52 y4
8%
common.—_—*
Goldblatt Bros Inc common—,—
*
Gossard Co (H W) common
*
Great Lakes Dr & Dk com
4—
•
37
44
,
8% July
1,650
3%
3%
53%
common——-1
common..
10
Gillette Safety Razor
Inc
Y
Jan
6%
150
12%
——5
class A
Motors
Horders
•-->
10%
10%
General Outdoor Advertising com—1*
Heileman
23
500
30%
19%
—10
Auto—
Brewing common,.—
Candy
General
;
29%
—
General
Miller
691/4
53%
Jan
Connell Dk & Dredge
Simons &
Fitz
July
44
52%
Dec
8%
39%
i
36
72'/4
10%
8%
<
Jun
! 8%
39%
—*
common—
22
100
26%
17%
Dec
Sep
'
Gas
Corp
&
Elec
7%
common—.:
pfd—100
125
125
9%
6
143.
Oct
61
24%
Oklahoma
page
113
Jan
25%
»
see
1 y4 May
Jan
26
.'3%
7%
series A—
"...
99%
30
25
Jan
29%
& Maine RR—
mtge 4% %
fg Jan
330
14%
46 % •:
—
North Western Util prior
Inc
]
Nov
Mar
c»m_—
Co
Edison
Convertible preferred A
9%
BONDS—
Boston
93
v
;
2,400
61
12%
5%
Jan
common—
Uten
Aluminum
Club
Commonwealth
Middle
1%
,
Apr
44
10
*
Westinghouse Electric & Mfg.—
Y,
Nov
,,10
*
May
Jan
240
98
8%
Apr
6%
2,300
105% 106%
1%
50
Jan
310
12%
33'
Jan
12c
30
7%
12%
12%
1,104
6%
Jan
35%
599
.
49
7
2%
45
3%
13%
Drill—:—
Fruit
■
10% July
•"
111
■7%
common--.
Oct
25%
■
•
•
(The).
Drug Inc——„.
United
•.
Dec
/8
IC
58%
8%
»3«
"•
•
Torrington
Nov
July
29%
Jan
69% Jan
2,000
5/_
U
I
111
59%
32.78 July
Jan
1,013
31.20
■
98
--
-25
Assif.
Webster
2% Jan
33c
•>
•
Quincy Mining Co
Stone &
7%
.2.50
:
Mills
Pennsylvania
32
75c
,,100
Colony RR—
Shawmut
23%
5
—
North Butte Mining
Pacific
8%
3%
—1
New England Tei & Tei
Old
Apr
30%
'V '
;:'T
...
(NH)
34Va
1%
—
Nash-Kelvinator
RR
78
t c- —1
Narragansett Racing Assn Inc
Northern
Y
.100
preferred
Massachusetts Util Associates
Service
32%
7% Nov
27% Jan
78
.100
common
Mergenthaier Linotype
National
8%
•
RR
20%
370
%
—*
Hupp Motors common (new)
Theatres.—^
Central
Maine
32%
40
36%
*
Copper
Boston
Loews
Sep
11% July
20
31.20
—
Royale Copper—.—
4
1
Corp
Cities Service Co
Hibb
Safety Razor Co—1
Hathaway
Isle
36%
.r,—
Corp
'
8%
w—Y.Y;
.1
„
.
8%
8%
*
General Electric
Gillette
94%
Nov
92
.100
92
Jun
9% July
Jan
2%
.100
First National Stores
92%
Chicago Corp common—
Convertible
preferred
General
4%
common— .100
42
102
:'T
56%
■
preferred B—
Group
93%
Jan
5% Jan
250
*
,
1,000
common-—.1—5
,1
i—-*
Chicago Flexible Shaft common—
5
Burrell
Cherry
^
Co
1st preferred series A—
Public
•
Jun
Jan.
6%
Employers
9%
9
'*
Power
19 Vt
23%
28%
16% July
127
V
270
287
5%
14
14
6%
Engineers
39% Mar
Nov
12% Jan
250
28%
—
Four-Wheel Drive
5% preferred adjustment
Apr
15% July
24
8 % May
5%
6%
■
I100
Street Ry
Sep
9Vz
13
9%
West Util com—_50c
preferred
Cunningham
5%
5 /.:•
—Y, "!•; Y*
10
:—
Eastern Mass
lien
Cudahy Packing Co "7%
5
30%
;
—
prior preferred
6% preferred
33 %
Sep
11% Sept
1% Jan
——1
——
Jun
8
Eastern -Gas & Fuel Associates-
4%%
16
150
28%
pfd
$6
Serv
Pub
Apr
Jan
Jan
5
,
4———
3% :>■
3%
'
5%
,_100
1
Range
69% Aug
8%
240
♦
Copper
Apr'
2
15
_100
RRL—.
Service
Jun
200
30
34% July
Jan
14
1,035
3%
Trust
Calumet & Hecla
Cities
255
27%
26
26%
_100
&
Jan /
62 %
Jun
13% Nov
102
July
Jan
24
657
20%
20
..100
Boston Personal Prop
6% May
.300
,10
__
& South
Preferred
Crane
pfd
1st
68%
67
81%
298
2,976,
3%
i——
Boston
Jan
33%
stamped.
class D 1st pfd stamped.
1
C
9
.100
-
1st pfd—L
B
600
97%
68%
Nov
"]• '
,i——
—.—
class
12
31%
Nov
96%
.100
i-
class
24
11%
»
1.
class A 1st pfd
Stamped
477
32%
23%
—
Central States
>
158% July
Y-
Maine RR—
1%
5 'la
!7o
26%
33%
100
Elevated Ry.—
87o
Jan
24%
12
327/a
Jan
97%
Boston Herald Traveler Corp-;—
:i'
17%
127V8
Too
& Albany RR
Stamped
10
1,588
v
High
LOW
31%
_25
Boston
Boston &
i-
■UY-
•
—*
—
Boston
Boston
156%
Y
Range for Year 1943
High
31%
100
j3%
common..—————5
(E L)
Illinois
Prior
<Y;:.
155% 156%
100
Refining
Tel & Tel—...
American
3 Va
3%
19%
16
1
Brothers
Central
>
Shares
of Prices
Sale Price
STOCKS—
2%
16%
:*
pfd—*
4—
Common
for Week
Range
capital
35
Central Illinois Securities Corp—
compiled from official sales lists
Sales
J)
(E
& Wire class A
4%
,3
convertible preferred—
Central
Boston Stock Exchange
Week's
Sons
&
5 %
Last
1
_—
common—,,
Common
Butler
Friday
Corp
Brown Fence
Bruce
Jan. 1 to Jan. 7 both inclusive,
Corp—
Jan
i
Conn-
Coast Line
Atlantic
Berghoff Brewing
%
•
Dec
20
Bastian-Blessing Co common—
*
Co common—10
Belden Manufacturing
YYi/Y-Y'/
Bonds—
4%
3
I
Oct
Jan
.3
common—,,,
Dec
Jan
35%
2,755
37
36
Jan
22
Washer
Aviation Corp (Delaware)
Nov
77
Y
70
25%
200
Mar
27
71
81
81
25%
2
Amsterdam Casualty
New
Automatic
'
V
125
9%
150
4%
i
Volume
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4245
159
139
OTHER STOCK EXCHANGES
Last ,'
Parker Pen Co
Penn
Gas
Electric
&
Pennsylvania
RR
--
A
common
capital
—
v
,
50
—_
27
Peoples Gas Light & Coke capital—100
Perfect
Circle
(The)
_*
31 Va
...1
2%
Co
14%
25 >/a
Jan
2%
100
Jan. 1 to Jan. 7 both inclusive, compiled from official sales lists
High
LOW
24
3%
3%
80
80%
11
2G
27
56 '/a
56 %
31% 31%
24
(The) common.—10
1
Ranee Since January
Shares
High
Low
Par
Cleveland Stock Exchange
for Week
of Prices
Sale Price
Peabody Coal Co class B common-,.-5
67c preferred
———100
Sales
Week's
Range
Friday
"rV'V,
1
STOCKS—
Feb
Nov
250
50
Va Jun
1 % May
Jan
50
950
Jan
33
46%
Jan
61 %
July
Apex
City
&
Potter
Co
Co
Pressed
class
Steel
Quaker
Oats
'
common—
Car
Co
1
common..;.;
:
Manufacturing
preferred
Rollins
71
—•—/'
Hosiery Mills common...—..4
Sangamo Electric Co
Schwitzer
Cummins
capital——i_—i.1
:
A
147%
1,750
2%
100
5
Mar
21%
50
A19
Jan
'■<
South
•
Bend Lathe Works capital—
Spiegel Inc.
2
common
*'
.
.
.*■
*
„
'*■
Dredge
Oil
tttanuara
common—:
Indiana
ox
...
2%
1
3
SwtH
&
International
Co
Thompson
(J R)
8 %
Sep
Jan
50%
Jun
3
July
200
28 %
Jan
38% July
1,600'
14 %
Jan
18% Mar
22%
Jan
27%
35 Va
7
28
31
-
7
•
-
8%
200
15
Feb
:
Van
Dorn
Carbide
United
Utah
capital—_5
24%
*
Radio Products
1
common
A
•
Walgreen Co common——————*:
Westinghouse El & Mfg common..
Williams
Oil-O-Matic
Iron
Apr
Unlisted—
Woodall
( Wm
Zenith
Radio
capital
Co
Corp
Unlisted Stocks—
Martin
Pure Oil
Co
3'A
Jan
58'%
Jan
30
Jan
36% Mar
14'/a
Jan
18 Va Mar
14%
2
6 %
6'A
19% Jan
100
6%
Jan
11%
7
Nov
11%
Jan
15
July
32%
A'A,
-..
33
763
23%
Feb
34% July
18
9%
Jan
20
85
a40% a41%
P5
H lO
A/.
H CO
V*
96
96
1,088
00 C5"*
CO n"
—
103
96
;
A
Dec
313A
common
A
6%
950
5%
Dec
*
common.—..
15
•10
a40 Va a40%
a40 Vo a40VB
—
Rayon
.
A
..
112
a37% a37%
Iron
Central
Oil
common.;
Ohio
Republic Steel
U
S
_*
common—.—.
York
RR
a38%
*
common-.———.
a7
~
—
a
common
*
a
A..._•
80
39%
90
a7%
Va
15% al5%
77 K
al7% al8%
—
—
common,.—
Steel
a
17%
-
37%
200
30%
Jan
90
24
Jun
1,050
10%
20
May
1,000
-15%
30
July
9%
16%
15 "A; Dec
250
1,500
15%
16%
450
10%
3,350
5
17
17%
450
15
850
Telephone: Randolph 5530
19% May
14
14%
17%
•
16%
9%
16%
DETROIT
Ford Building
Hay
15
17%
12%
24-i A; 24%
*
Chicago Stock Exchange
39% July
6%
16%
16'A
New York Curb Associate
Detroit Stock Exchange
May
A
Jan
12% May
Jan
2m4 July
15 ^8
5%
Detroit Stock Exchange
Dec
Range
Sale Price
8TOCKS—-
Atlas
Jan. 1 to Jan. 7 both inclusive, compiled from
;rl
Friday
-
Sale Price
STOCKS—
Low
A
—.—8
-
100
—
Low
108
—
Cincinnati Gas & Electric preferred.lOO
Cincinnati Street
Jan
11
20'A
Jan
28 %
Cincinnati
8%
"
-
35
91
Sep
-
10
Mar
6
5
110
Dow
,
Drug
A
—
...
Art
....
—
Hatfield
"A"
Hobart
Kahn
—
Magnavox——'
U.
U.
S.
S.
102%
61
81 Va
Jan
103
7%
Jun
9
Jan
5%
150
...1
11
29
29
*
Card———1__.10
Printing——H———* 'A.
501
A
129
,
_
Detroit-Michigan Stove common...
4%
—.
18
Trailer
common—...
...
1,681
100
200
3%
18%
V4
*
.7.1
Fruehauf
75c
18'A
225
5%
...5
Mogul common,—
4,600
19%
3%
-1
Federal
100
18%
18%
—5
common
530
3%
75C
.20
common.
Iron
5%
300
2%
3
600
3
29%
4%
4%
202
29%
4%
1
;
5%
.
30
:
2%
6%
Sep
Jan
4%
Jan
1
Jan
3
Jun
Jun
July
4
Jan
68
7Vt May
30%
15 Vi
Jan
75c
8% Apr
Jan
•
83% July
7 Va May
A'1 4% July
5
Apr
22% July
17%
Jan
70c
Jan
1%
Apr
2
Jan
4%
Apr
17'A Dec
13% Mar
3 Va
6Va Apr
2% Nov
Jan
1 Va Mar'
17
Sep
28
Jan
July
12
Dec
1% Jan
32%
25
6%
Brewing
common..
common—.—
Ball
&
514
3%
3Va
10
40%
48%
50
20
8%r
"
48%
Jan
2% Jan
30Va
Jan
58
4%
42
Jan
56
Jun
July
53%
53%
53%
348
2%
2%
2%
2,000
Jan
3 % May
1%
1%
1%
1,600
83c
Jan
2VaMay
53c
Feb
1
Jan
6% July
Bearing
Jan
•
1
—1
...5
common.
;
6
1
-.A
1
250
6
6
100
19
mil
14%
55c
55c
150
19
14%
..10
0
"B"_
Hurd Lock & Mfg common
Dec
43
Dec
Lamp
Hoover
44.'/a
6%
Jan
.1
.10
—
common
Houdaille-Hershey
3%
...1
common.;
common
Valley
970
100
900
56c
1%
4%
14%
9%
46c
Dec
Jan
20
July
16% Jun
Dec
83c
Apr
Jan
4
Jun
Apr
May
Feb
24% Feb
19
Motors
Brewing
Graham-Paige
Grand
'jan
A37
Goebel
Hall
Jan
l% .Jun '
General
Dec
13% May
103 Va
Jun
20
23 Va July
—3
Gar Wood Industries common—.
Oct
Jun
Oct
1.
Kingston Products common
Kinsel
Drug
Kresge
—
Sep
Oct
July
4
3
Jan
10
Oct
12
38
Jan
54
Nov
/
2%
2%
10
81C
—-
i—10
1
Motor Prod common—
Murray
Corp
Chemical
Park
Packard
Motor
Co
Feb
75c
19 Vs
Jan
23% Aug
26c
500
*
1 Va
28c
Jan
5Va. Dec
Apr
2%
Feb
Jan
,
Jun
1% May
7% Mar
6%
5
6
720
16
130
lOVa
Jan
16%
175
5%
Jan
11% July
9%
3%
1
*
common—..
460
13c
62c
5%
16
common..
855
6
ZIIio
Car common...
100
1%
81c
6%
3%
30%
Davis common—;
*
Peninsular Metal Products common—l
Brewing
49c
225
1%
Parke,
Pfeiffer
100
23%
75c
—
common——
70c
25c
'
26c
Silica common—.. —1
Sugar, common
—.
Michigan
Preferred
2%
1%
70c
—
"MlcClanahan Oil common———~ —.i
Michigan
400
23%
1
common——
(S S) common—........
Micromatic Hone common—
56%
40%
8%
■
r—50
5
56%
,
__
—
21
102
308
A '40
Jan
A 7% jan
10
30
2% A 6%
—
;A>-
Playing
32%
21
__
-
12
31%
32%
2.50
40
12
,
Jan
..
7%
100
A
3%
,,;A— ./• A39%
60
350
.AA;y
29
3%
—
*
''B''
105
374
A11%
105
"
—56% :'
Preferred
A- 74% July
9 V2 Jun
2% Jan
105
A
'Jan
9%
;
V
Nov
245
A 5%
5%
...—^-*
—
—
Procter & Gamble.—
Randall
Feb
9% Jan
'
—
4%
200
——*
Lunkenheimer
Feb
A7 10
........
Kroger
2%
Edison
Gray
common—10
Dec
8%
*
1
Detroit
Nav
137
5%
3%
—.—*
common.
82 %
5%
5%
.1
common—i.
Cleveland
82%
——5
common
Motors
Milner
&
Detroit
Dec
11%
72%
A
;
—
r
24
Jan
18%
10
'
Nov
72
8%
100
...
Nov
7% A 7%
__
—*
Nov
5
11%
135
A.
.
3
102
—
'
*
^
Preferred
Gibson
Yards..
.
Eagle-Picher
1:3
A*'-
v,
105
24%
11%
JA —7^,..,.183'»
Stock
Un
Corp
July
100
23%
7%
50
Telephone.
Cincinnati
Crosley
Corp
Continental
Crowley,
A Sep
5%
75
108
11'A
A'
—A
—50
——
24% A;
—
Crank.—a————.5
Ball
-
High
•
■A.V
_*
Churngold
Cincinnati
Biscuit
Chrysler
100
A
27'A
8%
—
—
& Fibre.'—A.
Champion Paper
500
Jan
21
262
4
Dec
4%
•
100
4
High
Low
5%
500
28%
12%
Detroit
Preferred
6%
28%
12%
Burry
Range for Year 1943
AA'- AJJ A
9%
A. 27
27
.
•
Shares
High
Industries —..—9V2
Laundry Machine——.20
100
Machine—
—8
common.
——12%c
Adding
Burroughs
for Week
of Prices
77; AA'A^'AA-a/Av- :A;AA;:'. AA A,;/'-; Par AAA A A
'6%
1
6
Sales
Range
'
common..——
A
High
!
Briggs Mfg common...—*
official sales lists
Week's
AAA'A'r■:Last
Drop Forge
1943
Range for Year
Shares
*
6
..,5
Baldwin Rubber common
Exchange
for Week
of Prices
Low
Par
Cincinnati Stock
official sales lists
Sales
Week's
Last
„—
71
Members
Apr
9 %
Friday
.
16
131
a 17%
a51% a53V«
__
Jan, 1 to Jan. 7 both inclusive, compiled from
Baldwin
Sep
150
al9% al9%
__10
common__l
New York Stock Exchange
12%
♦
■,
200
5%
6%..
69
54% Nov
58%
56%
.
1
Aluminum
May
9%
,
Apr
•
American
A Jan
7
100
Jun
24 Ya
36%
,
•
common,—.
(The) common
'.
2Va May
Jan
203
37% July
750
17%
12%
Studebaker Corp
•
Apr
1%
13%
70% Sep
9%
26%
25
—5
of America common
Republic Steel Corp common
■
1
13 Va
33
•
76
125
100
2
.
'
650
58%
—1
—.r—
Radio Corp
.
Jan
93
25
A.6% Apr
650
;
9%
1
common
Corp
Pictures
Co
•
68
35%
—•
York Central RR capital
New
Paramount
'
■
New
Oct
50
5
68
25%
*
Co
L)
4%
I
A 8%
Jan
Industrial
Interlake
99% July
4% Mar
Jan
Feb
5%
''
common.
Graphite Bronze
General Electric
July
A'A 34%
50
—
(Glenn
A. 200
7
Jan
4
210
5%
37
16
Watling, Lerchen & Co.
Curtiss-Wright
Nash-Kelvinator
1%
com—*
Copper Mining—
Bethlehem Steel Corp common
Electric
A 80%
150
3
28
Feb
Dec
43A May
Jan
Mul
;J-
American Radiator & St San
Anaconda
General
94% A AA-50
8%r. 8%
•
common
20%
,
H
Mar
90
35%
14 %
Firestone Tire & Rubber common—10
Jun
59'A July1
Jan
?Jan
2
400
5
—
A
A
27%
—
*,
6,900
94 "A
27%
A
S
■
<
2A
Industries common
Wrigley
Jr)
'A'
50
4% A
26%
27%
common-——*
53%
-
-
47%
Feb
Jan
16
::
:
*
"
Addressograph
32% July
Jan
fe Dec
16%
A
2,200
—450
5%
85
30%
72
36 Va
,A
__
25
Works..
'
225
Dec
July
•-86%
Nov
76%
350
fe
3%
4%
common——*
Bankshares
Wisconsin
24%
%
-52%
A 52%
•
—
—
'
300
■
82%
23%
■
__
common
8214
capital—\
i
w
Steel
tf
Carbon
Air Line Transport
Rights
U
&
5
32
5%
37
■
Weinberger Drug Stores......
*
Youngstown Sheet & Tube pfd—__100
Cleveland
Union
80
13%
...
Apr
44
.
....
18% July
32
;;A—_*
Richman Bros.
22Va July
71
Jan
90
1
;
Jan
Jan
10%
90
Tile
LcMur
13
59
1,052
a21% a21%
*
Cement————*
Acme
14%
sftl% a42%
32
Sep
Jun
25
19
63
a38'A a38%
.
.
>A
*:
"B"
"
■
a38'A
.
——*
...
Standard Oil of Ohio
1%
Jan
■■■
preferred...^.100
Patterson-Sargent
300
11%'12
:
Nestle
Apr
Jan
G)
Portland
National
2,350
27%
'
.«
42
18%
30!%
27 %
'".30% 7
.25
common
3
160
27%
-
(A
National
A? % 500v A 27% Nov
17%
15
capital—,
100
May
13 Va July
Jun
July
2%
3333 A
25
capital—..
10
43
2
17% ;
Jan
20
)
McKee
Medusa
Sep
4%
450
•
.
14
90 %
*
Rubber.-————*
Lamson & Sessions...A;A-
*•'
'
39
A—
_2i>
capital
•
A
39
Sundstrand Machine Tool common—_5
8wift
/.-A-'
■.
7
■:
Sep
Oct
Jan
59 %
A 350
■
11%
22%
6%
10%
-A;21%
; A; 6%
5
St Louis National Stockyards capital—*
Standard
11%
.■<■■■
7
24%
.
;
Lakes
15
98
135
19
14
14%
High
:
Jan
88
201
al43A al5
)9
—5
7
;
Jan
6'A
125
A•:-'
97
63
1
_
&
Tire
a!5
Range for Year 1913
Low
10
10
*
Shares
High
97
preferred———.*
Towing
Interlake Steamship
Jones & Laughlin
Apr
Jan
7%
800
100
3%
Mar
100
11.
90%
3%
883A
3%
•
Great
Low
par :
pfd—.100
.
Iron
for Week
of Prices
Body...„_.5
common.,;.......
Mfg
Goodyear
14% July
Jan
Cliffs
Corp
Eaton
Mar
Mar
Jan
1%
•
Sinclair Oil Corp
Feb
2,850
A? 11
•
89%
92
155
Jan
70
40
;AAA
Sales
Range
Last
■'
;■! Sale Price
Controller..
Cliffs
Jun
13%
&
Week's
:' 'Friday
-A
■'"•■
A; "
Coach
Cleveland
2% May
Jan
6%
110
153
1
Sears-Roebuck & Co capital———*
Serrick Corp class B common
Xi
1
Jan
p;
Jun
127/a
Jan
%
loo
72
'
21%
*
common
11%
12%
4%
5
-
-
4%
250
.
17'A
3%
4%
6% ;::;;7
17Vi
common—50o
100
2%
153
100
Raytheon
9'A
--A;.11%
common
Preferred
6%
9%
2%
B—l—
(The)
/ ;:
*"
■
■
,
Electric Manufacturing
Ice & Fuel—.
Clark
Poor
'
STOCKS—
% A''AA;A.'':
American
Jun
34
Jan
22
50
-
A-
May
100
A
23 Va
-v;: A'
' -•' A, --''A'-'K
A,A
A'AAv A-;.A
■;[' AA•>
Jun
5
86
Feb
70
'-'iA
A a.
,
1%
;
9%
3%
4
200
2,609
30%
566
1%
1,000
4% Mar
6>/a July
Jun
3Va July
1%
Jan
2Va
Jan
5
Jan
32
May
28
76c
Jan
May
1% July
8Va July
8
8
8
100
5%
Jan
3%
3%
320
1 Va
Jan
3% Jun
11%
3% "3%
550
10 Va
Dec
14% Apr
Jan
4% Jun
Unlisted—
American
12
Rolling Mill——25
-:
262
13 Va
10%
Jan
16% July
River Raisin Paper common———•
3%
common—10
Sheller Manufacturing common—1
Simplicity Pattern common—..—1
Standard Tube class B common-.-—1
11%
Scotteh-Diilon
City Ice &
Fuel.—1—,.
Columbia Gas
General
Motors
;;
——
15
10
;
4%
*:
;
'
30
4%,
447
-15
52%
53%
300
29%
53%
30%
77
2
.
Jan
15% Aug
Jan
10%
5% Jun
44%
Jan
55% July
25
Sep
31%
Brands
•
■
Dec
U
S
Invest
Radiator
Universal
Timken
Roller
Bearing.:
For footnotes
see
page
4.7%
143.
47%
48 Va
51
41%
Jan
49% July
"B"
Cooler
"A"—,——
.A.———
6%
300
1%
Jan
2% July
1%
100
1%
Dec
2% May
2%
100
1%
Jan
2% Nov
5%
250
2%
1
2%
1%
5%
;
100
2%
2%
common...—_
common.—
11%
2%
3%
7% I
Tivoli Brewery common——
Union
Standard
■
2%
500
1%
Jan
2%
Jun
6%
6%
500
3%
Jan
7Va
Jun
1%
1%
500
Jan
2Va May
3%
68c
Jan
5'/a
Oct
,
Monday, January 10, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
140
OTHER STOCK EXCHANGES
inclusive, compiled from
Barker Bros
Consolidated—
Corporation—.
Barnhart-Morrow
Diamond
Blue
Chica Oil Corp—
Bolsa
common—0
Byron Jackson Co..
"
California Packing Corp common——0
Central Investment Corp—
100
Cessna Aircraft Co——————1
:
Corp
America
of
Creameries
;——
*
Aircraft Co Inc.—
Douglas
4
Farmers & Merchants Nat'l Bank. .100
General Metals Corp—
—2.50
Gladding, McBean & Co
0
Goodyear Tire & Rubber Co—-*
Hancock Oil Co common A—-—*
Honolulu Oil Corporation————-0
Jan
50c
2
Jan
Baldwin
Budd
2.05
Jun
7%
Jan
15
Dec
1%
16 %
Jan
24% May
Budd
a 50%
Nov
Jan
81
Sep
6%
Jan
10%
3%
Jan
277
■
48
Oil
Standard
California
of
Co
34
Jan
50
Apr
27%
Jan
Jan
11%
Motors
40c
National
13% NOV
9% Nov
24% Mar
Dec
1.80 May
87 %c
4,500
10
5c
Jan
8c
9c
Jan
36c
Jan
60c
Mar
4%' Jan
100
6%
572
23%
Jan
31%
415
30%
Jan
70
26%
Feb
393
34%'
Jan
5%
6%
500
2.10
Jan
6%
Feb
34c
9%
172
7%
Jan
3
Nov
\
a45%
a44% a45%
145
Jan
Sun
a26%
a25% a26%
3%
35%
Jan
42
17%
Jan
27
2c
t: 2,000
lc
Jan
a38%c a40c
100
22c
Jan
32
95
36%
36%
'
,..'72
;:S
all% all%
54
Jun
Jun
40 %c
!;
13
Jan
7%
Jan
21 %
Jan
29%
Nov
481
37%
Feb
32
Jan
Paper
Jan
39% May
1%
Jan
/!.
19%
a
6%
Invest
10
1,743
83
19% Mar
Jan
9% May
26
1%
Apr
155
3%
Jan
2
Apr
8% Mar
6%
50
2%
Jan
4%
1.302
3%
Jan
26
27%
2,912
24%
—25
—100
0
15%
19
16
Mar
20
33%
32%
25%
Commonwealth
Edisoif"T?&
Commonwealth
0
—25
a8%
20
6
Jan
10
—•
•
Corp——
.1
Corp.
Jan
200.
3%
Aircraft
Vultee
•
3
.Vr'
',
Iron
Blaw-Knox
(A
Clark
(D
L)
14% Nov
22% May
Jan
34% Nov
22%
Jan
30% Mar
38%
38%
50
36%
Nov
43%
58'%
18
48%
Jan
63% Mar
1%
li%.
640
11.
Jan
2% Aug
2% May
35% Sep
16%
1%
1%
1%
33%
•
33%
Oil Co
*
—
America—
Republic Steel Corp
Sears, Roebuck & Co
Socony-Vacuum Oil Co.—
———*
—
*
15
0
(Indiana)—25
Standard Oil Co (N J)
.—25
Stone & Webster Inc
——0
Standard
Brands
Standard
Oil
Studebaker
&
Inc.—
—
Company
Corp
Gulf
Water
Pacific Railroad
United
Corp
(Del)
25
4%
2%
2%
2%
15'%
5%
Dec
6
%
17%
Jan
39
128
35%
Jan
42
'>■'■'■*.
•;
Feb
Range
for Week
1
1,000
Nov
27
70
100
6%
Jan
27%
415
25%
Dec
12%
40
6%
Jan
31%
320
7 Vs
500
5
10
54
Apr
6%
8%
LOW
•.
45
High
18% Jan
220
26%
''
;
Jan
13%
13
•
-
31%
10
60
Jun
'11% Jun
,
Jan
17% July
7%
7%
150
8
Nov
4%
4%
.785
6%
W2
Jan
•
Jan
5%
Jun
14%
14%
189
8%
Jan
—
3%
3%
8%
8%
8%
1
10
Supply—
;
1'/.—
6%
■
♦
Corp...—„
•
J: 14% Nov
•
4
Dec
1,355
"C7;:S
1%
Jan
1,303
v
8
Nov
9%
5%
Jan *
8
July
Mar
740
,,
x
...
Jun
50c
50c
300
25c
Jan
95c
95
25
96
145
84%
Jan
98%
•
Oct
330
4%
Dec
6%
Apr
4%
4%
Co '
Shamrock
80c
——
Springs
...
7
....
;;
Westinghouse Air Brake
;
i;'
500
80c
3%
7'/4
25c
Jan
90c
Aug
2% Jan
5% Nov
9% May
.308
V:
22%
22%
'
i9o
15% Jan
24% May
250
3%
7
■**
Oil & Gas common
Steel
3% July
St. Louis Listed and Unlisted Securities
Edward D. Jones & Co.
**
7
6%
;
*, ;
•
.
Established 1922
.
North 4th St.,
300
St. Louis 2, Missouri
Members
63% July
a
36
.
8%
Jan
%
Mar
Chicago Stock Exch.
Chicago Board of Trade
Associate Member Chicago Mercantile Exchange
Apr
Jun
16%
805
10%
Jan
2U%
8%
335
8 %
Dec
95
10%
Jan
a
70
12
Jan
21
May
'-'"n-
July
5
I :
Associate
Apr
18% July
al8%
New York Curb Exchange
Phone
CEntral 7600
Postal Long Distance
Bell Teletype SL 593
14
a 16%
"
'
New York Stock Exchange
St. Louis Stock Exchange
16% May
35
Dec
29%
Jan
8%
15%
4
3%
18%
4
a23% a24%
Jan
2%
2,560
135
27%
15%. Jan,
430
24
a21 V'a a22 %
185
20%
Nov
a38%
a38% a38%
50
33%
Aug
16%
al6% al6%
75
12%
31%
Jan
a22 %
Jun
27
26%
10
27
9%
10
23%
35%
19%
17%
230
14%
Jan
a887/a a90%
214
59%
Jan
al2%
a
12% al2%
210
10%
Jan
17%
Apr
St. Louis Stock
Jun
Apr
Aug
'
89%
15
Nov
STOCKS—
Nov
29%
Coca-Cola
36% July.
a29% a30%
65
29%
a33% a34%
189
28%
a54%
a54 '/a a54%
53
4 /%
10
7%
Feb
14%
Dec
27%
Dec
a8
J
Hussmann-Ligonier
9% July
Feb
Low
'
Sales
for Week
Range for Year 1943
Shares
Low
High
23%
23%
12%
80
High
;
17%
10
12
Bottling common.—„__1
Falstaff Brewing common
—■)
n
of Prices
Jan
26%
Sep
7%
Jan
13
Nov
Nov
a30%
a8
Range
Sale Price
Par
Julv
Week's
Last
:■
Dec
Apr
from official sales lists
Friday
July
a33%
•
Exchange
Jan. 1 to Jan. 7 both inclusive, compiled
12% May.
20% July
Tan
5
758
a89%
48% 048%
25
42
Tan
50%
Aug
*
a34%
a34 % a34%
36
34%
Dec
34%
Dec
a!3%
a
50
9%
Jan
81%
Oct
84%
pfd
l
'36—50
ser
Hydraulic Pressed Brick pfd
International Shoe
12
5%
Oct
6%
7
7
6%
.100
7
200
3%
Jan
36
210
28%
Jan
35%
35%
16%
16
16%
43
•
common
120
.
43
16
7% July
7%
Oct
38% July
,
7%
5
Jan
600
15%
Dec
43
100
38
Jan
45% July
16
100
14%
Jan
20
110
12%
Jan
16% Aug
50
Apr
15% July
a
13%
a25 %
a28%
-
50
a92
a24% a25Va
a28% a29
45
100
a
52%
Laclede-Christy
Clay
Laclede Steel common
Prod
McQuay-Norris com
Piping & Supply
18%
$>q
Jan
24%
NOV
52
Missouri
Portland
Cement
39% May
2 % May
National Bearing Metals
National
500
25
33
Mar
45
Sep
215
48
Jan
59
6
com—.5
20
—
Midwest
'
1%
common—0
common—25
6
14
18
Mar
Mar
14
14
15
15
11
Jan
16%
32
32
32%
200
14%
Jan
40
Sep
11
12%
500
6%
Jan
10%
Dec
50
Jun
Julv
1%
a51% a53%
12
12
Jan
.
15% July
St Louis
Scruggs-V-B
Jun
Stix.
4U"/8
Jui,
Wagner
48%
82
82
10
37
410
Jail
35%
Dec
Goods
common
Bank Bldg Equipt com
Oct
Jan
35 % Aug
41
2%, Jan
Drv
8%
45
common
Candy common
frme-Stix
322
Woolworth Company
37
7%
738
a94
7%
250
Jan
a95 %
a43% a44%
a95 %
1
Apr
75
a95
a42% a42%
*,
—•
a
a81% a82
*
5
13%
a44%
Range for Year 1943
High
26%
'
—TO
Nov
6%
50
143.
Shares
of Prices
Low
'•
v
Sales
14%
_
—
2% May
28 % Aug
1%
official sales lists
Week's
*
_
__
Oct
100
page
Renner
Standard
July
al6V2
5
(F W)
common.
Gas
Apr
Dec
31%
10
see
9%
15
5%
5
Western Union Telegraph Co...
Oct
Dec
31%
Westinghouse Elec & Mfg Co
Willys-Overland Motors Inc
footnotes
180
16 %
100
24%
._
Dec
Oct
559
134
—
2%
25 %
0
Electric
&
Fireproofing
Apr
.10
United States Steel Corp
Warner Bros Pictures Inc
Jun
25
7% May
Nov
809
,
1%
20% Aug
7,469
'
23
23
■—
Candy
Fuel
1 % May
20%
Jan
25
14%
U S Rubber Co
For
26%
Jan
27%
.
Jan
Jan
Dec
16%
,*
Company—100
Corp
oa
17%
Apr
15% July
Nov
14%
—
324
230
11% May
39 %
Jan
%
10
75
27%
Co
1
34%
45
Jan
14%
Lines Transport
Aircraft
Dec
42% Nov
27%
Union Carbide & Carbon Corp.—
Air
6%
39%
150
a58% a58 %
—25
Oil
Feb
Dec
i
,
Co_._
Sulphur
Associated
United
35
—25
(The).—
Corp
Texas
Sep
Feb
Jan
Jan
—_—
Company—
Texas
29 %
29%
37%
26%
*
of
28% Aug
20
•
all%
a
:
,
*
i.X
Pittsburgh Screw & Bolt Corp
Sep
16%
a26% a27 %
a24%
110
Dec
a
1%
al8%
S
26'/a
1%
•
Pittsburgh Plate Glass——
July
a42 % a43 %
—
.
15%
a5%
a
6 %
Inc.
—
Dec
22%
RR
Co—
13%
52
1
*
1
*
Ohio Oil Co
— *
Packard Motor Car Co—
•
Paramount Pictures,
Inc
;—1
Pennsylvania Railroad Company..—50
Phelps Dodge Corporation
25
Pullman Incorporated
*
Central
American
69
200
37%
—.——
26% Jun
38%
p
Brewing—
Star
National
38 Vs July
9%
al6%
Canada.—*
...——0
Kennecott Copper Corp
—
*
Libby, McNeill & Libby——
7
Loew's,
Inc..—
0
American Aviation,
20%
Nov
110
6%
North
Feb
Nov
%
%
all% all%
a27%
Jan
62
—
common
Gas
Mountain
Apr
12%
•
.■■■'.
8%
a
6%
55%
15%
Corp..
North
Nov
33%
10
14%
Lone
Jan
175
100
a
a42%
34% July
13%
•80
*
-
Co_^—_————
M)
Columbia
July
64% July
555
45%
45%
a5%
0
3%
a24% a25 %
*
30% May
6
45
20%
a35
a35
31%
Jan
48
170
.
2,575
4
a38 % a38 %
International Nickel Co of
Corp
Jan
8%
8%
International Tel & Tel.:
York
Dec
3 %
f 120
al6%
Graham-Paige Motors Corp——
Great Northern Railway Co
Interlake
24%
100
;
a28% a29%
45%
Corp
Foods
131%
490
6-
30
37%
General
627
25%
14% al4%
a35
*
Electric
358
33%
Sale Price
Allegheny Ludlum Steel
156% July
20%
Co
General
120% Aug
27%
16
Friday
43% July
Feb
a56% a58%
Curtiss-Wright Corp
:
39% Aug
3%
Corp——-—5
—1
i
1
Zellerbach
Dec
26% Aug
Jan
27%
Last:.";,.
Jun
45
a54 % a56%
a
11%
Jan
a38%
6
a35
6%
315
25%
11%
22 %
Apr
114%
'
33 %
r
Par
Mar
9%
156% 156%
.1
Contlnental Motors Corp.
Class A
,::v
a38
6
a
Apr
23%
690
it
26%
_
8TOCKS—
May
4
9
& Southern
v
27%
-25
-
'/J?" ,yt\
Duquesne Brewing
a1,5 %
102
.
33%
26
—*
;
Jun
3%
U.
Jun
5% Sep
32% Apr
Pitlsburgh Slock Exchange
Stocks—
—
7%
■
Jan
16%
2,382
116% 117%
116%
23%
1,879
22
24
Jan. 1 to Jan. 7 both inclusive, compiled from
V'
r
22% Julv
;
1,332
18
& Std Sanl Corp
Co.—
J I
4%
208
•
24% July
Jan
V
19%
1
Caterpillar Tractor Co
—
Commercial Solvem^Corp---—
56 % July
:
Jan
1%
20%
';/?
24%
20
j:S;.; -Sf
■'/.^ -y
May
6%. Jan
a8%
a 29%
Sep
f; 44
4%
26%
21
3
Corp preferred
[f
Sep
18
5
43
.
Sep
19%
5
Jan
1,029
8%
Sep
15
Sep
33%
6%
,
4%
—1—50
common—
30 % May
28%
500
38
16
1,923
25
28%
1,410
29%
23%
1.25
—
45%
205
■
Jan
32% Aug
Jan
—-—
7% May
1% Jan
16%
Sep
25% July
20
85c
Co
If-
42'
138
9
2,525
29%
58%
July
4% July
Jan
24%
24%
a
85 %
July
2%
-
230
23%
a35
Jan
5%
8%
'1%
:
6%.;V
50
50
Westmoreland Coal
.
Sep
„—
Apr
67%
Nov
a31 % a31%
24%
a55%
Mar
4% •;
8%
United Gas Improvement—
'
Ex-stock distribution——-
Oct
Borg-Warner Corp
Canadian Pacific Ry—x
United
52%
—100
_
United Corp common
$3 preferred —
May
4
200
1%
3c
7c
Borden
Union
common
•
2c
a38%
May
10 %
May
7
Boeing Airplane Co—,
Tide
53%
Oil
Transit
46% July
25c
Jan
Bethlehem Steel Corp—
Swift
40%
50
*
—*
.
preferred
Fort Pitt
Radio
39%
1
preferred
Scott.
■
5% Mar
9%
Feb
*
Amer Smelting & Refining Co———0
American Tel & Tel Co
—100
Anaconda Copper Mining Co—
50
Armour & Company (111.)—
5
Atchison, Topeka & Santa Fe Ry—100
Aviation Corp
-3
Baldwin Locomotive Works v t c—13
Bendix Aviation Corp—————~—5
10 '
105
NOV
57%
1st
11% Jul.V
3%
425
1,000
31c
31c
'
2c,
Unlisted
Pure
40%
-*
Corporation
2nd
Jun
3"%
Amer Rad
New
6%
—50
Reading Co common—.—.
44% July
10
Chollar G & S Mng Co—
Jan
Feb
6%
97
43% : 46%
1 %
...
preferred
Philco
Dec
40%
.
Mammoth Cons Mng Co——10c
Crown
5%
46%
Philadelphia Electric Power 8% pfd—25
Mining Stocks—
Gold Mining Co
3
83%
45.
May
9
Corp
preference
4.4%
May
35c
$1
Feb
100
40%
California
Juneau
-'
82%
'5%
Light——
Pennsylvania RR
Byers
Consol
200
'A.-5
7%
80%
,_*
Philadelphia Electric Co common.
Jan
a29% a29%
.
Case
&
Power
Pennroad
Feb
Jan
,370
5,300
a 18%
Cons
6%
98%
7%,
81%
——*
Lehigh Valley RR———
Jun
2,700
2
Black
5%
98%
10% July
Jan
36% Aug
30% Oct
25
Weber Shwcse & Fix 1st pfd——0
Western Air Lines Inc.
1
Yosemite Portland Cement pfd—
10
Alaska
Dec
Dec
20
8c
1
Corp
of
Lehigh Coal & Navigation—.
Lehigh V&lley Coal————.
General
July
48c
Transcontinental & Western Air Inc.-5
Oil
20%
Oct
16
Dec
6%
8%
Union
Battery—
Mar
30c
8%
Transamerica
Jan
10
Electric Storage
;
—;
„
55% July
450
4%
1.15
5%
Oil Corp
11%
*
common—,
14
100
5%
Sunray
Pub Co
Feb
41
10
6%
*
.*
230
5%
5
*
—*■■
;
Jan
8c
25
Pacific Co
Sep
20%
20%
.
Jan
9
::780
33C
—"
preferred C
5% %
158%
—
44%
Jan
16%
Ryan Aeronautical Co
Southern
Jan
„..100
405 %
30c
a31%
127%
20%
Co_„——
Prior preferred
Oct
26%
30%
1
Safeway Stores Inc....—_—
*
Security Co
—
30
Shell Union Oil Corporation——15
Sierra Trading Corporation
—25c
Signal Oil & Gas Co "A"
0
Sinclair Oil Corporation
——*
Solar Aircraft Co
u—
—1
Sontag Chain Stores Co Ltd———0
Southern Calif Edison Co Ltd—
25
6% preferred class B
———25
12 %
46c
;
334
11% Mar
66% July
Jan
4,292
31c
35%
Corp common.
Dec
48
100
.
13
c
preferred
Wheel
156% 156%
156 %
(EG) Manufacturing common..4
Curtis
Sep
210
30%
Oil
8
3,058
■:
9%
35%
Richfield
1
',65
.
10
J.6%
;—*
common
t
663
27%
1.10
v.
2,865
49%
27 %s
10
v
15
a38% a38%
9%
Locomotive Works
7%
53%
10
100
854
12%
25
Electric
&
High
52
%'
Oct
460
53%
11%
1st
6%
Low
16%
15
16
•
Chrysler Corp
10% May
68%
12%
460
Sep
1,860
a 52%
12
53 Vs
5
'
Jan
70
7%
460
Range for Year 1943
1
High
Jun
585
200
9%
7%
-
28%
19
100
a8l% a82
9%
23% Mar
20
6%
6%
Jan
75c
500
45
45
Corp——1
Company—;
1
Gas
Jan
595
preferred———x—25
5%
1st preferred
-25
Pacific Lighting Corp common——*
Republic Petroleum Co common
1
Rice Ranch Oil Company
!
1
Pacific
1.35
200
1.85
a25% a25%
a52J
Shares
Oct
218
Petroleum
Pacific Clay Products—■
American Tel Si Tel
10c
1,000
1.35
Company —
Co—
Oil
Oceanic
205
Jan
5%
16%
Lockheed Aircraft
Occidental
American Stores
15
15%
Petroleum
Lincoln
Oct
Jan
1.35
1
10c
Cof^—-—
I Magnin <fe Co common———,——0
Menasco Mfg Co—
1
Nordon Corporation Ltd
:
1
Lane-Wells
Jan
7
35c
—"
Hudson Motor Car Co—,
3%
Low
Par
■
a21% a22 %
16%
a2J %
Products Corp———
Electrical
500
12 %
*
1
Consolidated Steel Corp—.
4%
1.85
5
—
Feb
35 c
Broadway Dept Store Inc
Chrysler
1.80
12%
*
1
2
i
Corp common
750
4%
Company
Petroleum
STOCKS—
2%
for Week
of Prices
Sale Price
4% May
2
%
—
Sales
:
Range
Lust
Range for Year 1943
Low
High
Shares
High
Low
Aircraft,Accessories Corp
Week's
Friday
for Week
of Prices
Sale Price
compiled from official sales lists
Jan. 1/ to Jan. 7 both inclusive,
Sales
Range
Last
STOCKS—
official sales lists
Week's;
Friday
Bandini
Philadelphia Stock Exchange
Angeles Slock Exchange
Los
Jan. 1 to Jan. 7 both
Baer
Inc
common
& Fuller
Electric
common
common
0
»
0
__3
2%
5
18%
10
_15
9
%
31%
2%
18
9%
31
3
Nov
18%
254
8%
Jan
17
.Dec
9%
300
6%
Feb
10% July
31%
110
24%
Jan
34
2%
100
2
July
Oct
Montreal Curb Market
Stock Exchange
Jan. 1 to Jan. 7 both inclusive,
£a£
STOCKS—
;v
Last
Par
High
Low
High
Abitibi
'
Acme
Steel
Aluminium
13 %
13%
Co
Can
7%
Feb
14
Jan
Cum.
9
9%
Feb
11
July
320
88
Dec
133
May
Bathurst
98
100
46
99
Dec
103%
8%
92
pfd———100
Ltd
Beauharnois
Feb
100
6%
Power
Belding-Corticelli
Ltd
Corp
Associated
Bathurst
Bell
Electric
Corp
Breweries
Power
Telephone
&
of
tsritish
Pwr
Jan
22'/a
Dec
Calgary Power Co Ltd 6%
&
365
12
Nov
15'A
Feb
Canada
Malting Co Ltd—
87
141
13%
July
13%
'i
&
British
153
Jan
158%
Sep
Canada
Northern
22%
24'A
2,657
14%
Jan
28'A
Sep
Canada
Vinegars
:•
23
•23
22%
Dec
29
.
Building Products class A
375
100
2
16
10
13
Mar
July
Canadian
5'A May
Jan
15%
15%
•
23
3 ;■'.'.V 3
ifr
Canadian
Sep
17
"A"
Canada
Northern
Power.
Steamship
preferred
Canadian
Jan
20
Feb
26% July
81
85
CO
Feb
83
Nov
12
July
5%
225
8
8
107/e
10
10%
1,300
32'A
31%
32%
340
API
Foundry
Preferred
■_
1.45
Jan
6%
27%
Jan
42'/a
--t'
iK
25
—
_J
9
25
.25
u
;9%
8%
25%
■
1,020
-■ AA:
26
.
27%
Dec
24
390
Frere
Celanese common.........
Canadian Converters
00
36
•
36
40
24%
25
■
AAA-..;'
Jan
39%
Sep
Fleet
17%
Jan
43
Dec
Ford
125
•
:
27
155
:,A-
Alcohol
Ind
Class
"B"—
—i
—£
Canadian Pacific Railway—
—.
5%
A
5 A:A/ '5-':A
25
Feb
33'A
Apr
Limitee
6'A
Nov
27%
29%
;
10 %
'A''.sA-A
_*
1
11
v
'A
^25
11
3%
Jan
?%;
7,680
27%
Feo
A
Consolidated Mining
Consumers
"I&
Smelting—
Glass
11%
11%
-i
39%
39
39%
•
—*
——.
28
._*
35
£
Aircraft
Dec
:
:
A/A
28
13%
Nov
46
Motor
of
•
Dominion Bridge
Dominion
Coal
•Dominion
—.
—
Glass
13
13
118
.25
29
Class
July
41%
s
Jan>
99a__ —22
>
580
.
Nov-
-
11 %
118
:
%■%
—100
common—
430
.
23% ,—24.-"
.
preferred.^.:,
37
.
118
Dominion
Steel & Coal B—
Dominion
Stores
Preferred
6 %
8A
*
9%
9%
8
8
—
100
105
105
,—
—
8 %
1.074
11
96
271
Mar
Apr
i
6%
Jun
Quebec
105'/a
85
72
Nov
81
156
AAf 10
153
Mar
156
Nov
8%
2,685
££
73
5%
Ltd
Foundation
_*
Canada
Co of
4%
4%
*
15
15 %
A
preferred—
5 Wo
.£
15%
preferred
3
£ "7
Jan
14
330
A
Gatineau Power common—*
5'/o
A
25
Nov
7%
N
Power
9
535
85
85
75
72
92
10
86
Mar
92
——100
:
C
part
Steel
Wares
Preferred
Gypsum, Lime & Alabastme..
Hamilton
Howard
Smith
i*>
Hudson
1
Mining
Bay
Imperial
Preferred
80
*
14'A
14'A
10%
International
•£■ Preferred
Bronze
:
International Nickel
of
International
Power
Ltd
Co
10
82
May
Feb
10
10
%
30'%
1.075
21
A
28
22%
Jan
17
22%
1,375
20
21%
525
6
82
98
Jan
23
23%
375
19
Jan
14%
14'/2
24
Jan
112
23
Feb
39% Mar
Nov
111
Jun
23
'
Jun
13
:
Oct
90
>
20% Mar
29
(John A)———*
Lang & Sons Ltd
Jan
93
7'A May
Jan
75
21
*
common———•
the Woods
7
13
12
—.100
—
Jan
21%
22%
—*
common.—
_—£—
Preferred
30
Canada com..*
Petroleum
International
July'
550
12
Oct
107
17%
A 75
7
3% Mar'
4,685
920
95
2'A
Nov
4%
Jun
Va
4
A£ 505
A 2%
Nov
6%
Jun
24%
25
290
19%
Jan
24%
Oct
40c
80
75c
Oct
3
■
f.
I
•'.[
•'
■.
40c
.
19%
19
19%
19%
20
16%
22%
23'A
35c
2,380
17
18
£ 300
18'A
225
/"£.
'•Ifl~'ml''
A
A.'«
£
r
—
Jan
25c
200
20c
,
15
>/?<>
*
14
585
16%
;
1,031
I'u*
18
_*
*
pfd.—20
15
■'
!■
15
35.
Mar
/
May
12'A Jan
20
July
20% July
16%
Dec
12%
Jan
19
Nov
Jan
22%
Dec
15c
Jan
75c
Jun
10
Jan
15%
Jan
3'A
104
10
20
19%
cum
7
18%
1,075
•
Sep
14%
7 'A
16'A
47%
.
4
45
95
3
Dee
7%
Dec
87
Jan
,
Deo
7
AA
90
36
36
25
38
"A"—*
4%
4%
40
4
Feb
_*
12
12
100
7%
104'/a 104%
25
"48%
pfd. 100
May
97
July
45
'
/A/A
common.*
1.85
59
61
A
5
5
1.85
1.85
AAA'A 5
4
4
„
; .A"
Ltd.
July
A
Feb
Mar
106
Oct
4% Aug,
4'A
Nov
Jan
Jan
2.00
47%
Jan
65
10c
£ 280
61
Jan
4
25
3%
25
,
V A
1.25
,A A'":. 25
A
Dec
102
Oct
7
•:/
Feb
cum
July
105%
Va Mar
175
4
90
A
preferred——50
common
Apr
22
Jan
Jan
£25%' Feb
76
:
7'A
'46%
~rt
1st pfd.lOG
Corp
July
•
y'r£''
Ltd.——100
pfd———25
■
T Jan
11
98
15
104
20
.
"
*
Ltd
■
Jun
21c
Aug
Jan
62e
Aug
Gold
Dec
Dec
26%
2,000
40c
500
12c
11.25
100
8.85 Mar
68 %c 68'/aC
500
40c ..Mar
Mines
£I:
—*
Mines
A'iu..
Ltd.*
Ltd
.,
r
A- A
3c
A/ A
.;
.
4% Dec
May
Dec
A
—_.*
29
29
Al
1.17
AA
15%
Feb
4c
Jun
2c
Apr
6c
Jan
19%
80c
Jan
160
11%
Feb
O'Brien
!_1
3.60
3.60
Mining Corp Ltd.—...—*
83c
83c
200
1.38 A 1.49
4.615
Gold
Gold
Perron
Ltd
Mines
Cadillic
Pandora
Mines
1
—
Mines Ltd
Gold
Gold
Ltd-
Sladen-Malartic
Sullivan
Ltd
Mines
Exploration
Towagmac
Oct
Sep
1.16
Sep
63 %c May
1.45
Dec
3c
5,300
1,500
82c
500
Jan
July
66 %c
Jan
38c
Jan
6%cNov
1.09
Nov
1.04 July
65C
7 tic A..
1,500
36c
Jan
68c
1.68
1.75 /A
5,420
68c
Jan
1.80
1.72
Nov
Dec
Nov
16c
16c
500
12c
Jan
16c
Feb
3.15
3.15
200
2.60
Jan
4.00
Apr
3.35
3.50
700
20%
20%
25
A..
Ltd
—1
Ltd—;—*
Co
1.60 Aug
3.75
Dec
75c
100
55c
Apr
29% Aug
16%
££ 72c
£v£
1
Hargi eaves ' Mines
"Wright
77c
53c
—1
Ltd
Mines
Cons
1.03
77c
\
Ltd ——i——....—1
Mines
8c
1.00
1
L—1
/Ltd
Mines
8C
"-.—''A
1
,
Sherritt-Gordon
Siscoe
1.66
100
—
Feb
800
'•
Goldfields
Sep
lc
200
..
1.25
15
Ltd.—^
68c
1,500
2c
Ltd—1
Mines
Mines
9.30 May
4,000
3c A
2c
I
Mines Ltd—...i
Ltd
Mines
'0r~
■
■
Oils-
July
21%
112
Gold
Gold
Lake Shore
17c
43c
Mines
Ltd———.—.
Gold
Dome
17c
11.25
Ltd—
-—*
Ltd———1
Corp
Gold
Malart'ic
Normetal
12%
22
Aug
7% July
7% Dec
Jan
36
Products
"B"
Cadillac
Malartic
Jan
12
1,159
A-
Jun
10'A Mar
2,148
10%
Apr
30
7%
A
cum
Power
Central
16Va July
Feb
3
Aug
36%
Jan
•
7% :
5%
Cartier-Malartic
.
Oct
27
21%
■
—25
Sep
Oct
32%
940
225
AU~
—_.*
cum
6%
2nd
Mines
12% Aug
Jan
93
*
common—.
————
98%
15-
4
16
,22'/a Mar
24%
Jun
May
6% July
-r
Bralorne
Jun
8
Jan
12
14%
.
7
—100
:
7%
,
8.90 Jan
22
•
110
Jan
30%
10%
£1
,
108
29%
—
preferred
Lake of
130
Acceptance-;Qorj£coni£££:?y
Industrial
5%
11%
4%
3%
Feb
45c
2%
Ltd
Copper
Eldorado
108
—•
common—5
Can
—
470
U'A
14
—-
of
Tobacco
10
6%
.100
—
Imperial Oil Ltd—
6%
e
180
*
Brewery
Kirk
Bidgood
Sep
14'A
Jan
125
29
Jan
11
85
24
.' l>
*
Ltd
Mines—
Aldermac
Sep
100'/2
Jan
5
6%
11%
common....^-"
Preferred
94
a£
...
Paper
8
260
13% £• 14
•
6%
•
—•
Holllnger Gold Mines———
5
Bridge
1,785
11%
——£—100
16
24
3%
Feb
3
29
Paper Co...
Co
Clay
Fuel
Walkerville
July;
94
Jan
A2%
109 109 %
12%
common..——
—;
15c
140
12,502
Nov
15c
Apr
2 lA May
350
6
16
Paper
Oil
and
Grain
Canadian
General
2%
7c
Jun
11 %
Jan
57
9c
>1"
*
Corp
&
&
Co
Tel
United
16% July
Jan
8%
100
7c
Apr
July
July,
.2%
A
Walker-Gooderham & Worts
Enamel & Heating Prod
5
Jun
7% .Apr
34'A
Ltd
5%
Utilities
Aviation
Standard
8% July
Feb
48
'■
.5.00
Southern Canada Pow 6%
Mar
156
73
Jan
2 % Mar
15c
*
Ltd—;
Paints
Power
Reliance
Nov
7%
—*
39 %
5%
1
Noorduyn
July
•
Preferred
Dryden Paper *
77
15c
"A", pfd.—*
pfd
—100
pfd-100
-'.Melehers Distillers Ltd preferred—1(1..
Moore Corporation Ltd—
_—*
9% Juiy
—100
Dominion Textile common—i.
Jan
350
■
lO'/a
Jan
6
Jan
50
48
,
lO'/a
Jan
3%
25%
pfd—100
cum
Corp
McColl-Frontenac
Aug
7%; Nov
325
25
___
48
\
2
115
A
Oct
Mar
3 % May
Jan
131
A,A; 25,
7
45
2%
Maple Leaf Milling Co Ltd
Jun
126
5%
100
common.—*
Ltd——
& Chemical
Tar
/
5'A
169
Jan
85c
Nov
9%
Apr
148
700
5%
*
Power Corp of Can 6%
Dominion
A A"
■
■
*
B
MacLaren
Oct
16%
£ Dec
'.
7
40
m..
A
2.13
Nov
104%
I
Jun
31% July:
—
Jan
156 156%
1.85
■in
7%
Canada
Massey-Harris
Distillers Seagrams common
Sep
*
Limited
Power Sec
International
July
27'A Mar
10
Jan
26
152
9%
101
"A"——,—*
Ltd
International
12% May
37%
125
11%
Jun
8%
22Va July
Feb
8%
25
U5
,
,
Feb
Jan
101
11
:
5
•
common
Ltd
Aircraft
Lake St John
Cockshutt Plow
Oct
91
—*
Ltd
Linoleum.
&
Companies,
Voting trust
'■'H'iiff '£ Nov
Jan
12
960 "
-
Jan
3%
A
500
44
common—*
Paper Co Ltd
Dairies
Foreign
180
:
5%
5 '/a
«
-i—1-
Locomotive
Canadian
_»
common—
Jan
..
■■"
Ltd——*
"A"—
Corp
Fraser
Canadian
22% Aug
36%
92
Jan
5'A
17%
.
'
Donnacona
Eastern
July
150
36%
36%
Ltd
Sec
Oilcloth
Pairchild
Canadian
Advert
Alcohols
Dominion Woollens
Oct
31
27% »Nov
25
27
27
July
12
Jan
17% Mar
515
5A
Dominion Engineering Works Ltd——*
Dominion
''•'•
7%
&
David
Nov
50
common
;
preferred
Commercial
Oct
22
•
General
Neon
Paper
11,120
515
43 'A
.
*
Div
41
20%
_*
Consolidated
5%
•
Ltd
Consolidated
34'/a
50
•
Wines Ltd..—:.—
14'A May
41
5%
106
I.
Claude
May
50
340
9%
80
11% July
87% Aug
•:•••■ 5
90
—.100
Westinghouse Co
38
''AA >>YAA 34%
..
common...——*
Jan
20'A
'
•
■■
■
-
9%
Sep
106
A"-
Chateau-Gai
Nov
_*
£
:_1
common
Ltd
preferred
cum
Jan
9
30'A
A.
Breweries common-,,-
Canadian Car &
Old
',7%
"
Preferred
Canadian Bronze
New
Canadian
92
50
—50
—_
Dec
153
81
common
—
106%
1,380
common—_100
5%
./7%
20
£»
Iron
Canada
Sep
20
Forgings class
Canada
Vickers
8%
; 7%
".V
July
95
A
9%
—*
Oct
4
90
90
"B"_
122
Nov
7%
*
Ltd
62
Dec
2*A
43'A
J-
pfd—.100
Ltd—.
Feb
109'A
22%
,
•
12%
10
A'.,
7 Va
43'A
Company
—1
Canadian Power & Paper Inv Ltd pfd_*
Jan
106 106%
6%
Canada
_•
4%
•
4% July
32% July
Jan
22%
'•f
—*
High
Jan
5'A
25
10
90
pfd-100
65c
85
59
110
'
•
22%
cum
Low
2%
10
Marconi
.Canadian
Canada Cement common———!•
Preferred —1
;
—1-100
57
110
.2%
10
Sugar Co
Industries
2,465
'
'
w
•
7%
30
100
Ltd
Power
9,390
wl*
'
Ltd—5
Vancou
Co
Dominion
24
156
—
of
Oil
155
"B"
Foundries
Distillers
American
_*
.
Columbia Power Class A
Class
105
15
.
100
Canada—!
&
25% July
8
21
Brewers
21 Vis
•
Paper class A
Co
11
Dec
25
325
:
3Va
27%
29
'A
*
Ltd
Oct
9
;
21%
22'/a
-*
common
Brazilian Traction Lt
21%
•
22
22%
£'V 9
0
„—
Corp———,
High
2%.
3 A
",
pfd..—-100
cum
Paper Co Ltd "B"_*
Canada
Amalgamated
Asbestos
I
'
,
—100
Power &
Range for Year 1943
Shares
Low
•
Pfd
Aluminium
92
75
Paper common.,.
preferred
88
'
&
6%
Jun
1*
■—_
common
of
11%
15
7%
———•
com—
Ltd
Aluminum
5'A
common-———-*
Shoe
Agnew-Surpass
Algoma
5'A
Feb
3
200
common.—---.*
Works Ltd
Glove
Power
for Week
Range
of Prices
Sale Price
Range for Year 1943
Shares
of Prices
tow
Par
Sales
Y^eek's
Friday
STOCKS—
for Week
Range
Sale Price
?
Jan. 1 to Jan. 7 both inclusive, compiled from official sales lists
lists
Sales
Week's
Last
'
:
compiled from official sales
Friday
y>.yA> A'
Canadian Funds
Funds
Canadian
v
141
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4245
Volume 159
■
Oil
Home
Ltd.——
Co
—*
£-
:'
*
Oil Co Ltd——;—.
Royalite
2.66 Jan
20
Nov
4.00 July
26
Apr
Jun
100
12%
Dec
16
Aug
9
3,235
5%
Jan
10
July
8'A
150
6'A
Jan
'
5^.^.
Massey-Harris
Oil
McCoil-Frontenac
Mitchell
—
«
(Robert)
Montreal
Cottons
8%
9
8V4
£•
£
_^. A-
\
8
17%
'
IIlOO
common-.—
.
A A
72
v
Toronto Stock
9% July
17%
245
16%
Jan
22
July
72
A.,A 35
68'/a
Feb
72
Jun
4,467
18
Oct
27%
Jun
A
Canadian
Exchange
Funds
■
Mont
Light Heat & Power
Montreal
Telegraph
National
Breweries
National
Steel
#,.
Cons-
Corp
:',;V
new——
'
—
19%
20%
a ^4
35
35
37
33
33
33
282
•
common——
Car
20
13140
>—
Niagara Wire Weaving
'
*
«
.
14% A-
13%
<•;
Feb
34
Jan
36 A
:*
26
12%
Nov
15
25
15
Feb
18
1,095
40
Jan
£ Sep
3,735
■
I
A15%.
15%
48 %
Sep
49%
49%
—
52
Aug
Abitibi
•
Ogilvie Flour Mills commonsOttawa
L.
Aircraft
Car
H. & Power common—
Penmans
23%
4%
7%
common—
50
22
Oct
Feb
4
Jan
6'/a July
Acme
175
6%
Jan
8% May
41
43%
Feb
50
v
:
25'A
53
Sep
Price
of Canada
Corp
Bros
Ltd
Co
&
—
^
7'A
19
20
93
93
12'A
•
common
i. 1,145
6'A
13
126
3%
2,195
19%
15
1,090
11% Feb
,
preferred
llioo
—
Quebec Power
93
+.
...
::
6
5,370 "
'
5%
Class
Corp
.100
3
13%
..50
preferred
A
3%
common-
A':,
.
50
•:
Jan
Aldermac
48
46%
•
Anglo Canadian Oil—.
Jan
19% July
Jan
93%
Dec
12
Nov
16
Jun
4
July
18% July
47'/a Dec
; :
48
375
15%
15
15%
1,225
Southern
Canada
10%
10%
10%
75
9%
Steel
of
63
63
63
25
59%
Jan
72
66%
Jan'"r
76
Apr
10
Dec
Lawrence
Co.
Paper preferred—
Power——
Canada
common-
69
69
50
common——*
10
10
2
City Rapid Transit common—.*
6'A
Preferred
32%
Feb
14
Oct
19%
Jun
Dec"£ £' 11%
Jun
.
2,535
3,070
5
100
58
10
16
Apr
of
Canada
Gold
Gold
Aunor
Twin
Brothers
United
Weston
Steel
Winnipeg
—
Electric common
Preferred
Zellers
common....—...
—
Ltd
Preferred
6'%
21
9
5
Dec
A
4
4'A
75
*
15
,15
60
—.*
17%
17%
100
6%
7%
6,354
2%; Jan
62
66
s
M.
17% Aug
*
100
:
400
3%
13
21
Jan
9% July
6
Dec
Mar '?
"
Apr
15% July
19% Mar
•
■
8%
July
63 '/a July
common————_...—*
19
19
15
13
Jan
19
Dec
25
27%
27%
75
24
Jan
27%
Dec
————————
of
132
17
129
Jan
144
Aug
For footnotes see
page 143.
102%
Feb
47c
Jan
84%c
Jun
—1
60c
65c
9,000
6.10
6.45
2,055
60C
57C
62c
8,000
20c
Feb
68c
July
Dec
33c
July
Oct
10c
—1
3.30
.—1
——
13C
18c
57,150
42c
53c
127,800
35c
July
60c
60,100
2%c
Jan
1.35
Jan
3.40
All %C 13 %C
_100
233
>!>
85
Mar
3
Nov
110
21
Feb
42
Dec
Beattie Gold MinesLtd———
—1
1:79
1.53
1.84
21%,
21%,
Gold
Bralorne
Ltd—
152% 156'/a
Apr
17%c July
10c
Jan
49'/a c Jun
27,707
70c
Apr
7,000
1
147
Jan
160
Mar
Brazilian Traction Light & Pwr com
135
135
34
132
Jan
150
Aug
British
Oil———
Sep
Feb
24
Oct
Jan
160
See
70c
Jun
1.00
200
36c
44C
201,175
10
10
10
50
45
45
45
50
1
CVac
8 %c
9%C
2,500
—1
156
1.87
15
140%
45
50
21c
403
.
336
1.00
9 %c
Jan
4% Feb
1.10
63c
8%
Sep
Aug
Oct
2S%
Jan
43%
Dec
8c
Jan
12c
Mar
24
24c
Aug
22%
22C
20,207
9%c
Jan
11%
——,
156
American
155
8Vac
26,200
,
>*
Mines—
Mines,
,21%
-1
—
Oct
200
11c
—————
255
2%
40c
Ltd——.
Mar
39%
37c
.-1
Jun
259
2%
10'Ac
common
Nov
161
Jan
39%
'
37c
Bidgood Kirkland Gold-—
19 %c
Aug
227
Dec
10 %c
100
■
230
IIIi
»
5
62
Metals
■
May
150
25
A
Sep
Sep
19 %c July
3.50
235
233
ExploratloV&Jtadium—
Beatty Bros class "A".—
Bell Telephone of Canada—.
Berens River Mines.*—A.
4c
13,150
•
237% 237 %
-50
Mi/ling—,
87/eC Jan
14,050
16c
—
Oct
14c
13,390
3.20
157
■>
7.10
14c
/.A
14c
——
Jan
12c
156
Mines
3.00
8'Ac 10 %c
18c
50c
.100
_
133% Mar
Dec
6.40
.100
Montreal
Royal
132
Dec
99
Bear
Bonetal
.100
—
89
14c
Mines
Aug
287
206
Bread common—
Rib
21c
Jan
9c
Sep
93'/a
Base
Blue
July
99%
156
Preferred
Feb
1,60
88
III
Bank of Nova Scotia—_—
Bank of Toronto.
Bobjo
Banks—
6,500
14c
Jan
13'Ac
60
64c
Ltd
Consolidated
Preferred
Commerce
18c
July
Jan
Jan
98
Montreal—a..—— .100
,_ioo
Barkers
";ar.
Nov A
*
Corp—
(Geo)
Wilsils Ltd
new
16 %c
33
98
!
■■'A.
Tooke
1,000
.—1
Bankfield
Bank
1.18
Jan
92
!
Mines
Bagamac
1.11
4'A July
Jan
6c
1,000
1.18
—1
7%c
17C
Mines
Mines
58
7%c
pfd. -100
5%
Anglo-Huronian Ltd—
Aquarius Porcupine Gold Mines—
Arjon Gold Mines——
Astoria Quebec
58
—*
—
Co.
62
9'A
3
29%
———
Aluminum
Shawinigan Water & Power—:—
St.
...
Co
Gas Co
Ajax Oil &
Armistice
Lawrence
St
:
Oil
&
10% July
1.75 Jan
7
•
2%
27%
Copper
—
Ltd common
~
"
Power
preferred
Gas
Aluminium
—
3
29
common—
High
Low
High
70c
preferred
7%
50
7%
Zioo
■
Ltd
246
25
4%
25
'?
±
—
Low
Range for Year 1943
Shares
100
& Paper
Power
for Week
of Prices
Par
Jun
Sales
Week's
Range
Last
Sale Price
STOCKS
6 %
Ottawa
Friday
Sep
''
—
Noranda Mines Ltd-—---—
••••".
14%
'•*
24
•
Jan. 1 to Jan. 7 both inclusive, compiled from official sales lists
12
2,173
7.40
Jan
11%
Sep
22%
24Va
3,801
14Va
Jan
28%
Jun
1,860
17 %
Jan
22%
Jun
20C
22%
22%
)
I'
THE COMMERCIAL &
142
24
"
—I
-*
Buffalo Ankerite Gold Mines——
•
Buffalo Canadian Gold Mines——-—*
Building Products Ltd.
•*
22
74c
89c
Columbia Power
British
Oil
Dominion
British
Oil
——
Mines, Ltd
Broulan Porcupine
Brown
Corp
„——*
9c
16
Preferred
——
of
Canadian
Bank
Canadian
Breweries common
Preferred
l%c
9%
180
9%
10%
10%
15
1.90
2.15
27,625
22c
24c
3,320
6%
60
3
Feb
20
40
May
1st
6%
preferred
43%
44
Convertible
Canadian Car
common
preferred
New
Preferred
25
348
67
20
Central
Ggi Wines———————*
Chemical Research Corp-—--—_—_1
Chesterville Larder Lake Gold Mines—1
Chromium Mining & Smelting
—_*
Cocnenour Wilians Gold Mines
—
Cockshutt Plow Co.
-*
Coin Lake
:
—1
66
Jan
63
128
Nov
5%
5%
140
23
145
19
Jan
24
455
10'A
Jan
14
July
8%
9'A
1,115
7%
Dec
11% July
; 28
28
135
26
Sep
36
24%
25%
150
24'A
Dec
27% Aug
35%
36%
A 147
Corp
Dairy
1,015
50
20
5%
5%
27%
28%
265
65c
73c
17,700
19
20
160
15
50
Jan
Mines——
Dome
East
185
11'A
21c
Eastern
Steel Products..—
Gold
Power
Jan
46
—
130
22
5%
100
18c
10,000
2%C
3,500
2%c
Dec
37
520
25%
Jan
49
AAA
37
12.3
25
Oct
1.50 Mar
5
Dec
•
29
18%
2,090
4%c
,
Jari
142%
22
24c July
Jan
10c
Jun
23
23
790
8'A
905
7
10%
7%
A .V
Jan
20%
-
16%
Jan
30
Nov
11%
100
,
11% July
Jun
470
5%
Jan
8'A
810
6%
Jan
105
105
;A'7 A.£ 5
90%
Jan
104
Dec
4
4'A
400
2%
Jan
8
July
11
V
10
7%
11%
9c
35,525
13
9
3.50
32%
1.30
3.90
24%
24%
28%
29.
5%
88
12,311
3%
3%
24%
25
Dec
Nov
Apr
1.64 Aug
Dec
32% Mar
Mar
Dec
24%
35c
9'A A
—
General Steel Wares———
2%c Jan
50,300
33c
39c
8%
9'A
84
85
95
A 95
25
12
12
80
6'A
Oct
Sep
11'A July
Jan
100
85
May
101
8
Feb
77
35
Jun
24%
39 %c
Aug
Sep
14%
;A
Sep
9c
July
5c
5%c
6,000
3c
Jan
3%c
4c
4,500
lc
May
5'Ac Nov
Jan
29 %c Mar
Goldale Mine
—
18c
17c
Gold Belt Mining
"—
2%c
Gold Mines—...
Glenora
God's
1
——_1
Lake-Porcupine Gold—..
Gillies
Lake
Mines Ltd
—
*
.
———
_.—1
Co..———_—.—50c
Gold Eagle Mines
—
—.1
Golden Gate Mining
:—.—-1
Goodfish Mining
— 1
12 %c
A' —
Goodyear Tire & Rubber Co com...—*
Graham Bousquet Gold Mines;.
..1
4c
...
Mines
Grandoro
Great
V
Great
preferred...
c
Lakes
•
—■■
...
Mines————1
3c
Gold Mines Ltd
—1
18'Ac
Lime & Alabastir.e
* .A 67/e
Swayze Mines——
1
7c
Grull Wihksne Gold
Gunnar
Gypsum
Halcrow
Mines
—
Col
Gold Mines
Class
Huron
20%
.....
Bay Mining & Smelting
Hudson
Hunts Ltd class
"A"__
paid
Imperial
Tobacco
10c
Apr
19c
Sep
500
12c
Jan
21c
Oct
3%c
9,500
2c
July
9'Ac 12 %c
84,400
3C
Jan
1C
Feb
2c
1,000
90
40
3'Ac
4c
5,000
3,000
2c
7%C
5%
5%
21%
Jun
3%c Nov
5c
May
3
14%
3
May
Feb
July
5%
5%
180
19%
20%
585
16% May
2%C
3%c
3,500
2 % c Jan
17c 18 %c
13,400
7
8'Ac
ll%c
Jan
5
Jan
3c
Apr
195
7c
23,600
2%« Nov
For footnotes see
143.
July
7
Oct
23
July
7%c Mar
24c
7%
24c
Aug
Jun
Nov
7%c Jun
9,100
1,753
5%
6
220
Jan
8
Jun
15%
50
15
Dec
17
Nov
3
May
40C
Mar
4% *4%
820
1.06
1.15
22,350
4c
4%c
3,900
8,955
2.50
.
4%
2c
17c
Jan
4.00
4% Dec
1.15 Nov
6c Aug
Apr
Jun
Nov
44c
Dec
East
Preston
Dome
Reeves-Macdonald Mines—.....
Gold Mines
Senator Rouvn* Ltd
Sheep
Creek
Gold
Fherritt-Gordon
Malartic
Sladen
South
Mines—;
Mines
Petroleum
End
....
Co—
_—
Nov
United Steel
Sep
Toronto
50
Oils
UDDer Canada Mines
Ltd
Ventures, Ltd.
12%
Feb
Vermilata
10
NOV
Vulcan
Oils
Oils—..A
a——
•
1
*
1
....1.
Jan
6
Jan
58c
Dec
Nov
Sep
Dec
Dec
4'Ac
9c
4'Ac
2,000
9c
13,700
.
20%
3c
2%
13%
3.50
-•
5c
43'%c
35
.
46c
69
:
•
21
2%
2c
132% May
35
325
14%
19
33,800
110
52'%
._
.
..
,
•
6c
—' 3%
Feb
4.00
A'
Sep
9%c Jun
Sen
Nov
19'A
Jun
-
Sep
1.05 Mar
67c
Jan
1.04 July
95
-8
Mar
85
A A-
10
Feb
95
86%
Jan
9
Jun
25
Dec
106%
Dec
31,750
39c
Mar
64c
Nov
92,050
29c
Jan
69c
Dec
3'Ac Jan
8c
Jun
77c
5,500
20,300
54c
Nov
19
10
10 ;
Jari
•
<
Jfily
18% July
85C
4c
A/A 100
'A
190
19%
Dec
Aug
1.10
Jan
3
July
59'
'%
Jan
73
Apr
66
69'%
50
Jan
76%'
Apr
2.25
34.555
1.51
Jan
2.65
Oct
2.10
225
1.46
Jan
2.40
2'%c
Jan
5c
Sep
65C
Jan
1.80
Nov
3'%
Dec
1.000
4c
1.75
20,500
3
150
83%
49
1 % May
65
2.29
3,195
1.38
15%
230
10 %
Feb
Jan
Jan
85
Sep
Oct
2.25 Aug
.15%
3.45
Dec
Sen
3.40
10,620
1.85
Jan
.30
20
23'%
Jan
31
Oct
52%
10
50'%
Jan
55
July
82
68
Jan
90
"
.84
84
15c
47c
6% ' ' 6%
•
— A " 12
—33
6c
4%
3%
1.98
1.98
6.40
6.00
13%c
11 %c
20c
20c
A 26% July
:-v
28,519
77c
64
Apr
Dec
62'%c
70c
2%
9'Ac
150'A Aug
1,710
57C
-19
Mar
Mar
18c
13
Jan
Sep
May
•10c
Jan
1.86
2'%c
48c
50
12c
Mar
12
600
68c
—
Jan
13,895
;;
■
Jan
1%
5c
109
53c
67c
4C'A..,;
4c
Af
Nov
2c
3.65
..
.
19%
Sep
35c
May
Jun
July
30
Jan
3%c
7,000
14% 14%
99c
A' 99c
75c
71c78%c
—A
8%. 8%
25
• 25
■;
July A
25c
123
3%c
,
11
Dec
3c
28
10
1,000
136
Jan
31c
450
11C
A. 135
A
'
20c
18c
Sep
Feb
16C
;
3,500
10C
Jun
52C
49c
_—
50c
1.45
78c
55c
70c
-
1.50 Nov;:
78,124
L*
...*
,
Apr
106
82c
1
1
1
52c
■A
9.50
1
,"
j
"B"_.
United Fuel class "A"
■.
2.85 Sep
Jan
Apr
' A.
9.00
81 %c A - 75c
/ lie v;
A 6°
_A: V 35
—
20o
..50'
Mortgage Co
Sep
2.10
1.25
9.50
^^____50y
Towagmac Exploration
Transcontinental Resources
Nov
Dec
2.24
1.38
■A
__
Preferred
A:
■'
Aug
1.10
100'A
.A
53
9,500
1.45
39c
8.25
a
.
700
/
.
4%c Aug
Jun
1.28 May
13,257
AA'
■
110
Dec
1.41
6%c Nov
17 %c May
74c
Aug
103
477
2,48. "?'•
common...2%
Steel Co of Canada common
64
A' 62
Preferred
:—
,————25
^
'6R%
Steep Rock Iron Mines
—
*
2.20 " 2.15
Sudbury Basin Mines....——
—*
2.00• 2.00
Sud Contact Mines—
,.1
A.; '" 4c
Sullivan Cons Mines——.
A
,—1
1.68
1.65
Supersilk Hosiery class "A".——*:
' _A' ■
■ 3
Preferred „——
—
:
.100
83'%
Rvlvanite Gold Mines. Ltd..J.A
2.20
'A.2.00
Tamblyn Ltd common—
._* ■
1.5'%\
15
Teck-Hughes Gold Mines —A
...1,'
3.30
3.20
Toronto Elevators common
A*.
30
Nov
' 9%
1,500
2.05
Standard Paving
13
Apr
.
*
Chemical
Standard
185
8
Nov
1.25
1.15
i00
Springer Sturgeon
Apr
50
1.25
2.50
preferred—__._—*
Mines..
Dec
9%
Feb
A
Dec
Jan.
.
;
Gold
United
9%
A. " 9 c
Dec
Jan
Mines.——...50c
Preferred
Siscoe
Dec
Mar
Dec
47c
1.72
"A"
Simpson's
73%
10
2%c
68c
108,455
—1 A.
....
Gold
Silverwoods Dairies
Jan
750
Nov
Apr
2.53
Shawinigan Water & Power..
55
10%
.1
1
Mining—
Sand River Gold
Oct
10%
7
2%
65,
1,100
...—1
—
17%
141/2
10%
Sep
16,379
AA; 245
AA
...1
9c
Royal Bank of Canada
—_—100
135
Royalite Oil Co
;
_.__* ; 20%
St Anthony Gold Mines
— 1 A 3%c
St Lawrence Corp common
,.
___.*■ •
Class "A"
:—
50
14%
San Antonio Gold Mines Ltd.
J
3.50
Reno
Jan
17% July
Oct
64c
7
.1.33
AAA 7
96c
Roche Long Lac
7
Jan
*
100.
1 •
—
Co..
United Corp class
6%
—
Mines—AA—
Estate Loan
Union Gas Co..
11%
.A: :78c
97C
,s
Mines..—
Dec
Jan
8,400
A
47c
3c
108
1.36
.1
..
Quemont Mining Co...
Real
Nov
155
—.1
Premier Gold Mining Co——,.
32% Mar
1
-(;A 110
Gold
Rouyn
17%
41
,
1
1.38
Voting trust—__A__ A; 1.33
Power Corporation
,*
1 -7
Powell
Jan
5,040
1.45
Mar
38c
2.30
1.97
,
preferred———A,———100
Rico
Porto
Jan
161
A"
blc
16,500
3%c
A
1.00
„.l
,1
Gold Mines of B C—
7%
14%
AAA
Nov
8'% c Jan
7,600
26,415
1.82
2.20
Pioneer
Mines.—
Gold
Pickle-Crow
26%
11% '
28,220
70c
47c
A 1,00
Gold
Perron
17 %c
11
1.48
Oct
Sep
5
3% May
300
9,000
25
161
4%
4%
Sep
1.10
18,200
2,875
14'A
1.16
2.00
Apr
65,000
15,500
15
1.00
250
•
34c
11
11
'
v
1.06
30c
72
Apr
28c
30'/2
72
20c
31 %c
1
Mines.—.1
)l
72
100
100
4%C Aug
May
; 1.31
65%c
45c A , 40c
6%
, 6%
Paymaster Cons Mines Ltd;.
29
25
74c
Sep
A 52% Aug
Ja'n
2%c
Sep
1.95
Jan
40
2,000
64c
67c
\A 1.05 Apr
8,545 I:
%
Oct
167
Jan A
Feb
35c
May
27c
Sep
Oct
2c
Jan
31c
Oct
15%
4c
Nov
Jan
22
Nov
-Aa 7c
3c
28c
Oct
Jan
125
1,147
78c
60c
1.20
29
11%
15,170
82c
A 62c
Jan
12
•'
8,350
2.00
5%c
Dec
10
25'%
2,804
49'A
Dec
1.75
Jan
A
2.65
30%
100
49% Oct
Mar
6
100
18%
"""
Jan
25c
Jun
27
.Oct.
,44%
:
Apr
80,
46'Ac Nov
Jan
28c
A: 18
A
500
1
.65
A
Jan
6.600
July.
Dec
Mar
Jun
3.55
6c
Sep
3
Jan
3%c
4.10 July
••17
Dec
4%c
98
Oct
2.29
Oct
3c
3.30
__
Jan
Nov
3
48'A
;
Nov
9% July
24c
...
57c
3%c
3.45
I
Sep
1.22
Sep-
25c
Feb
88'%
8.50
12%
Jan
160
673
Jan
Nov
1,258
11%
16'A July
8c
7c
11%
Mar
Apr
18,375
11%
14
Nov
1.35
140
~
1.55
98'%
46c
'
J an
i? 15
5c
«—•
——•
Dec
58
Dec
1.845 A
•
9% July
•
A 105
4
"136
72c
A
July
Jan
1.28
15%
*
*
^
page
6% July
23
3c
»
Imperial Varnish
Nov
,
3c
July,
Feb
11c
5,350
A168c
Oct
6c
22
.
Jan
18 %c
15
•
14%
s 47c
9'A Jun
AA 10
6
49
•
A
AA
Jan
25
1.99
—
Jan
5c
90
;
7% Nov
83c!
it
800
72o
'A;
6
3,536
-
A;,
6%
Sep
3'Ac Aug
A
47
323
28"
65%c
3.75
92%
11,350
60c
A—:
A 1.40
AA
Jan
14% Jau
10.300
1.20
A' -1,63 Dec
;
.
Jan
5%
600
87c
Sep
2.40
.
Apr
4%
15
160
„
4.00 July
2%c Mar
360
9%
28
18%,
13%
Oct
22% Oct
Ltd—.—* — 1.35
Pandora Cadillac Gold Mines.—_,_1
__
Partanen Malartic Gold Mines
—1
4c
15%
5
ordinary
9c
3.85
100
.....
July
3.50
11
;
Aug
3%c Aug
95
2c
180
6%
15c
Jan
62
45
20 %
4%c Aug
9%:
.
Nov
%c
2,022
2.00
1.07
Ai—
4%
4,300
;
Sep
■.
Jan
1.65
55
13,750
Dec
24%
A
Jan
1.51 Mar
650
A:
Oct
4%c
,.
.
Apr
70c
7,500
A-A
14
1.27
Jan
2.30
56,020
1.52
7%c
21c
1.75
Porcupine Mines
Pamour
41c
"B"
& Erie Mtge
Imperial Bank of Canada
Imperial Oil
r
;
8,050
21c
39,300
goo
1.89
..i.l
Petroleum
Page-Hersey Tubes
15%
5
•
1
;
Oil
Homestead Oil & Gas
Howey
45c
;
Hollinger Consolidated Gold Mines
Home
1.07
4'/2c
1
...
Paper
4%
.1
—
17c
15%
3.75
—
—
Hasaga Mines
Hinde & Dauch
14c
21c
2%c
1
Hallnor Mines
———1
Hamilton Bridge Co Ltd—
*
Hamilton Cotton
*
Harding Carpet
—*
Hard Rock Gold Mines
1
Halliwell Gold Mines
Harker Gold
2,900
6%C
5%
21%
*
——.
Preferred
19c
89
;—*
.
common....———*
.——*
Paper
——— *
Lakes v t c
t
3%c
12 %c
18c
20,065
1.75
160
«
Queenston Gold
Dec
2.50
6
6%
22 %c 22 %c
_—_A——3%c
Dec
3%
1.45
" 7%o
19c
,
Refining———————A*■ A
Pacific Oil &
Pacific
■
5
8,455
■
Sep
9%c Feb
Jan
lc
;S7% 58%
■
..A,
Orange Crush preferred
Pacalta Oils
6.10
;3%c Jun
9%
Sep
26 A. July
.:
AA
Jan
3.65
335
9% A
—1
—
Proprietary Mines———————
Jan
7% Nov
225
A
Gold Mines..—....:
Sep
May
19%
18c
Omega
Mar "A;..Af
22
-
3.65
1.80 A • 1.85 11;94
-16%/ A 16% 16'A
Av''
3
; 3
74%AA 74'% 74%'
40%c
37%c40%c
i
Mines
Oils
Sep
1.40 Aug
16%
10'A Jan
.1.
A;- Aa'75
22%
.
*
Gold
Okalta
30
7%c Aug
"
,
5
Preferred—
O'Brien
13c
Sep
May
2,210
._,__*
common
Sep
Nov
3
25
755
■AA'
Star Oil
Dec
8c
—*
•
Corp Ltd
Northern Canada Mines—,.
Sep
95c
A 40c
770
19% 20'%
8
8%
A ' 104 104'%
22 %c
—•
Mining
10 Is
Jan
1,000
A
_1
-A
—A
Jan
Jan
4,900
■
3.75
1%'c l%c
?.
: A'7%
7'%
6% '
6V2
6%
i;
••••>'5c
6c
8 % ;, 8 %
8% :
1: ;
.5
Noranda Mines
AAA 2 %c Aug
%c
55c
25,650
' A3.45
100
Norgold Mines
Aug
4.75
aA
Car——._A-^,.A-AAA-^*A ;A 14%
Trust: Co
9c
:i
Jun
'
•
Nov
53
18
'
North
■
Oct
29c
19% Feb
——*
"A"—.—.
Negus Mines
Nipissing Mines
Normetal
A '
142
7,693
67c
,.,.20
:
Pipe
26
77
l%c May
17,210
common.—1.80
Jun
Dec
74
23,049
3 %c
Jan
Power^,^1%^.203^AU-;80- 20%.. A—,880A;
480
—A.
47% " 46%A 47%
4.80
Jan
3'A
560
5c
9
34
21
9,355
4
77
Jan
22'A May
535
4%0
Sep
Jan
3.10
10
A
Sep
20
1,460
A
1.82
16%
80c
95
3.40
21 %c July
Jan
20
13,875
20
Nov
Feb
A 3%
35
19%
11c
1.09
200
1.15
i;
14% July
12
100
A 29
Jan
Feb
4'Ac Jan
10,500
*1.84
■
13
I;27
•—
8%
11 %o 12 %c
1.66
July
10
4c
365
17,000
10c
9
*—-100
————.—100
Jun
July
.9%
—
—
July
22%
—
Mines.:—————*
common—
—*
preferred
5% %
preferred
167
156
——
5 %
Oct
29% Aug
22%
1.80
—*
Apr
41'%
155
—
1
Dec
"
28
4'A
A—....*
Jan
20 A
-230
,
% July
136
Oct
■
Sewer
National
Nov
15%
Nov
9%
190
505
v
13c
■
common
National- Steel
Sep
'
12,596
AAA 550
1.59
Feb
10c
July
23
National'Grocers Co Ltd common..—*
Preferred
Sep
1.74
15
2 %c
10c
Ford Co of Canada class A
Gatineau
1.45
Jan
40
—
—
Francoeur
Mar
Mar
Corp
National
Oct
16c
80c
9,750
1.59
34%
——A—
Fanny Farmer Candy Shops
—1
29
Federal Grain class A common——*
4%
Preferred
—1
84%
Federal Kirkland Mining——.——1
—
Fleet Aircraft-.
—-—-——*
'—
Players
Famous
26c
A
Dec
,85c
IJght..Heat &.
Muirheads Cafeterias
Jun
19c
17c
ll%c
Gold Mines
13%
21%
8%
Easy Washing Machine Co——-—?
Economic Investors ————
25
Eldorado
Jan
Nov
128
8'A
——*
English Electric Co of Canada
Faiconbridge Nickel Mines
9'A
13 %c
15
—
•
i
:
Oct
38%
37
29
—1
:
Oil
Malartic Mines
2.09
1,700
1.35
1.52
Moore
2.65 Aug
Jan
\75c
Porcupine
Montreal
2.14 July
Dec
1.51
1,500 7
21c
1.25
Moneta
May-
Jan
65c
lc
.
1.48 1 "
i00
—1
Preferred
Nov
--47c
]0%c-Jan
Monarch
Aug
5
2 'A Mar
4,500
98c
:
—.,*
common—^——.*
Knitting common...—.—100
Jun
Apr
"
Jan
58 ■
Containers
Modern
60c
Oct
60%c
*
————
Nov
4%c
29,000
Mines—>
Gas.A
Mining Corp of Canatja
A
.
Sep
14c
6%c July
■
37,300
20
Co—
Mining
Crest
Eastern
.122
16c 17 %c
—
Duquesne
7,000
4%
34,955
2%c
Chemical common...*
Preferred
——■.——;—A—
100
Dominion Woollens & Worsted com—*
—
12,390
9'Ac
5%
Tar &
Preferred
1.75
1,95
11%
—-—-*
Stores
Jan
1.00
Gold
Mills
—»—-1
Mid-Continental Oil &
1.35 July
1.75
Mines
Graham
Dec
20c
800
1,000
36,550
,
1
1»
Mines—
July
23
1.26
Mines.——^—5
Red .Lake
McWatters
Mercury
Dec
1.59
Jan
1.89
■ —
Dominion
12% July
Jan
E4c
4%
22%
Dominion
•
95c
100
——25
preferred..
Feb
200
1,225
1.62
—
McVittie
Dec
1.63
8%C
1.57
McKenzie
Nov
T;10
common
Mclntyre Porcupine
A 23% JulV
138
Frontenac
24
2%C
20' v 20%
*
8
.100
104%
Preferred
Jun
■
1.00
40
128
Dominion
.<■
70c
Mar
7%
13,903
26
Jan
1.63
—
McColl
6»A Nov
Jan
10
36c
12,360
Foundries & Steel com——•
Dominion Steel class B—.—
—2a
Dominion Coal
:;
A—2,000 -A
——100
Bank
Dominion
.
20c
*
*
.
3%
110
11
10 '/a
Dec
Jan
'
133
133
July
A
Dec
39%
Jan
2c
A.10,
—„
Nov
410
common.—A-
Preferred
July
Mar
.
A 6,200
,
(1.,
—1
common,,:
Massey-narris
Oct
19
53
Jan
112
-
14%
22
Leaf Milling
Mines
preferred
Leaf Gardens
Maralgo
Oct
151
Feb
133
10
15%
Maple
Maple
July
39
Jan
'147
1.60
-1
Mines
—
Corp—Seagrams,common
Denison Nickel
Distillers
27%
15
Petroleum———————* a— 17c
Davies
-
48
*
common—
AA A 400 A
1.40
—100
Mills——/—.—-*
Imperial
Cosmos
:
•
•
100
6
27%
A 1.18
AA 90c
v-A A. 22
22% A
22%
3.45
3.40
2.40 \'A 2.30
Ltd
Mines,
July
>17
132
14
.
Oct
12%
17c
(Toronto)
Consumers Gas
9% July
12
3.60
:■
Oct
6%
385
5,435
A A 4,960
23%
.
Oct
17
'
7%c
1.24
95c
Nov
6Gc
-A
A
Jan
i,603
i
MacLeod-Cocxsfcutt Gold Mines——1
Madsen Red Lake Gold Mines
,1 "-A 1.69
Malartic Gold Fields——
1 A A 3.65
Manitoba & Eastern Mines...
/
l'/2c
42% ' Nov
22%
1.35
Class B
Macassa
90
6.20
2%c
•
*•:
Jan
6.15 V 5.95
6%c
6'/2c
13%
13%
•
Ltd
class A
Groceterias
23%
__
—1
1
;
:
Gold Mines, Ltd—.
Loblaw
142'A Aug
Jan
Mines
Lebel Oro
Leitch
Sep
Jan
6%
*
common-
Little Long Lac Gold Mines
Sep
93
Jan
28
1.92
11 %
17'Ac
Bakeries —
——*
Mining & Smelting——5
Consolidated
6'A
Jan
1.35
155
8%
2%
2,205
41%
>
Jan
5
1.30
„"Af:
Mines
Coniaurum
Consolidated
24
103
1.32
.—•——5
—
17% Aug
'10
5
91
8%
\ —
* .,'•••
'
———
Mines
Coniagas
Oct
19
40%
_
—.
_
Commoil Ltd
68
132 132%
'■•■:■„ —
*1.73
9c
Chateau
Jan
59
Milling
Candy————L—3-A
Laura Secord
May
38
30% Nov
Shore
of Woods
Lamaque Gold Mines—'
Lapa Cadillac Gold Mines.,
1
Jun
14%
Jan
5
—A
Patricia Gold Mines—-——1
Porcupine Mines
—1
Central
8"%
Ltd
Mines.
Lake
Lake
.Jun
32%
——
.
150
124
10
91
48
Canadian Industrial Alcohol A
*
5%
Canadian Locomotive
——--*•* '••127%
Canadian Malartic'————
72c
Canadian Oils Co common—————-*
—
Preferred
—————100
133
Canadian Pacific Rv—,
—
25
10%
Castle-Trethewey Mines
Jan
Kirkland Townsite
Oct
2,380
—
—
Lake
Lake Dufault Mines Ltd..
Dec
98
148
■
.-1
1
44
19
1* A'A/.,
.——100 •
;•••—
* — 15%
Cariboo Gold Quartz———
Feb
Jan
67
25%
Products-—.——-*
Canadian Food
36 y4
79 %
10%
Dock—
&
65
31'A
common
———
Dredge
July
'A
■■
28
_—A——...
Celanese
Canadian
Canadian
—25
;
Oct
27
9%
,
——
„.
9
107
Dec
'.148
'
Preferred
Jan
Jan
19
Lake
Kirkland
Sen
4
92
900
'Wr
;
91
90
Kerr
Nov
60
10%
1,210
.1
5c
lc
i„l
' :'y'lc '-'.A
lc
9.60
i ■
9.20
8.90
10c
i,_l
lOc
10c
95C
1
94c
92c
—,_1
I0%o
i0%c 10%c
.-1
—
81c
95c
115%
14% 15%
:
—
Consol——
M
3%c
23c
8%
Dec
Mar
26c
10,100
Kerr-Addison Gold Mines—*.,—
Oct
10
20
A-
7%
60C
15
99 99%
29% 30%
20% 22%
23
- 22
30c
30c
5c
5c
3c 3%c
25c
23c
5c 7%c
—
1 A '
—
Mines—
Jellicoe
J
Jun
35c
Feb
Mines
Co
6%
660
7%
16'A
•
1
—„—_———,i._l
Mines
Jason
Oct
2.60
Jan
1.15
21c
40
••
'
107
20
_—100
Range for Year 1943
Low
High
Shares
High
7
57c
16%
99%
29%
».
common—
Mining
Waite
Jacola
11V2 Mar
Feb
9%
Jack
11% July
660
7%
■
106%
132
5%
41
8%
—.—
AA
59
59'
*
—20
—
preferred—12%
& Foundry common—9'A
Canners
Canadian
6%
——-—
7%
58c
22% .;■■»
International Utilities "A"—22
Class
"B"_——-——J
1 •
Aug
Sep
4c
Dec
A9
—6
1
!_*
Petroleum,.
International
Dec
17
Jan
:
Preferred——
International Nickel
for Week
Low
y'-i Par
„
2,000
91
—wm
10 %c
Mar
13
750
3%c
19
.
*
Jan
3'Ac
25,000
V...
"
July
Jan
i.uu
'
3%c
—
•
Feb
i.ou
7,038
4.10
8c
,
.
„—
common———*
100
Commerce^
100
Dec
13c
46c
2,000
15%
A'/—;
-—Ay
Cable "A"
B
Class
85c
89,537
7C
3.55
pfd——*
"
2.15
1
22c
Canada Bread common
—* —, 6%
Class B
——.50
—
Canada Cement common—
•
7
Preferred
—.—--—100
107
Canada Foundry class "A"
*
■—
Canada Malting Co——
—*
44
Canada
Packers —————
-*
90%
Canada Permanent Mortgage .—100 •«;;/ —
Canada Steamship Lines common——
10%
Preferred
.—-•■
50
32 %
Canada Wire &
Mar
4%c Jan
42,247
90c
July
,V'UA
:V:.V'.;
V:
Inglis (John) —
Inspiration Mining & Dredge^
International Metals common A_:
Nov
75c
—
Canadian Bakeries
77c
83c
Corp Ltd
<te Edmonton
Calmont Oils
Jan
67c
*
Bunington Steel Co.—
Caldwell Linen Mills 2nd
29
6%C
■
3.75
8'%c
*
Nov
21
19%c
•
Calgary
90
Oct
27%
17% Apr
459
23
——
Extension Mines
Bunker Hill
24
23
—■*
class A——J*
British Columbia Packers——
■A
High
Low
Hiah
Low
Sales
Range
of Prices
Sale Price
Range for Year 1943
Shares
of Prices
Sale Price
Par
Week's
Last
STOCKS—
for Week
Range
Last
Friday
Sales
Week's
Friday
STOCKS—
Monday, January 10, 1944
FINANCIAL CHRONICLE
10,800
35o
Apr
6
Jan
7'A
Jan
Dec
37
Feb
10c
Jun
6
Apr
>
1,373,A
7
"
13
374
33
83
6C
500
4'A
1.625
2.05
37,275
32
5%c. Dec
3%
95c
Nov
Jan
Jan
74c
Jun
9
July
16
July
2.05
Dec
7.25
Sep
6.45
2,647
4.40
15c
71,100
9%c
Jan.
3fic
SeD
20c
800
20c
Dec
36c
Feb
Volume
Walte-Amulet
Mines, Ltd..
Walker-Gooderham
&
Worts
Fife
Canada
Flour
Preferred
Western
Preferred
—;
Cogh
Winnipeg Electric
25
Dec
5
5
100
3
Jan
9
620
40
Jan
91
Sale Price
Jlin
Oct
Sales
Range
for Week
Last
STOCKS—
of Prices
Shares
Range for Year 1943
Oct
78
Funds
Week's
Friday
Dec
74
*
12
100
Bonds—
Ucbi 6s.—
94
Jan
107
Dec
20
52,300
l%c May
2,122
3% May
66
608
60
;
3.05
2.95
3%C
4VaC
'
'
*
Par
Canada
Vinegars
Coast
______————*
Marconi
Canadian
Co,,
5c
July
8% July
2.50
Corp
Paper
de
Apr
Disher
12 Vic
Dec
Foothills
Pend
•
—
10
2.00
1,120
1.05
Feb
45
Feb
26
$1,500
*
5%
1.25
1,475
6
11,763
36c
850
5%
_*
Oil
Steel
Oil
3
preferred—*
Gas
&
Oreille
Supertest Petroleum
1.20
1.80
Dec
Jun
3
Jan
29c
Jan
3
Dec
6Vi
Mar
10
Sep
14Vi
Nov
1.75
Jun
1
1.30
2,800
15c
21c
12,100
714
1.50
1.50
1,500
27
27
27
20
6% July
47c
Jan
78c
20c
1.50
*
Corp ordinary
Nov
3% May
5
12 Vi
1.25
High
10
Jan
Jan
1.00
a
—1
Metals
&
6%
85c
10
3
12 '/a
•
*
1—
Mines
-
36c
—*
:
Construction
Osisko Lake Mines
32
Low
914
1.85
2.00
—5
Havilland Aircraft
Oct
Jan
2Vic Dec
34,500
Consolidated
Dalhousie
4.25
63
Jan "
20
!
32
High
9%
1
—
Co.,—_—
Copper
Low
*
6,795
3.20
3%c
1
July
6c
•
Yankee Girl Gold Mines
17
107
—*
Wrlght-Hargreaves Mines
Dec
Feb
6%\ 7%
7
•
common,
11%
12
4c
5VaC
1
—
—
..
106
100
—_
360
15%
14
600
12%
15
Jv.;
.
15 %
—•
Preferred
Ymir
Canadian
21% Aug
Jan
Jan
5
—
Wiltsey
19
77%
.
common,—
64%
Jan
47
19
4,215
Exchange-Curb Section
Jan. 1 to Jan. 7 both inclusive, compiled from official sales lists
5.80 Aug
Jan
100
—
Products
Ltd
25
■
Toronto Stock
common.'
Mills
—_
Steel
Westons
25
440
J.
21
21
21
100
Insurance
61
59
61
•
Wellington
Western
'
•
com
Preferred
3.40
5,115
1,435
4.85
4.50
4.70
•
143
High
Low
High
Low
Pat
Range for Year 1943
Shares
of Prices
Sale Price
STOCKS—
>'
..V
for Week
Range
Last
•■/• % V .%■
Sales
Week's
Friday.
i
v
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4245
159
25c
Apr
c
27
Jan
18
Sep
1.90
Jan
1.05
Jun
Jun
Nov
over-the-counter Markets
Quotations for Friday, Jan. 7
insurance
Investing Companies
Bid
Par
Aeronautical Securities—
,1
6.39
1V4
x3.32
27.39
28.72
Scries
B-2
26.24
28.78
3.32
3.64
Series
B-3
X17.70
19.46
Foreign Investing.lOc
AAmerex
13.41
14.55
Scries
B-4
9.25
10.13
16.12
17.66
Holding Corp
10"
.
American Business Shares
American
_2
Stand Oil Shares
Assoc
Axe-Houghton Fund Inc
A
Common
Basic
Bond
Inv
of
Tr
1
S-2—
4%
5V4
Series
S-3
Series
S-4
', 3.60
6.46
90.50
Fundi
10
Iiic—
37.63
38.04
———,10c
8.10
8.91
—10c
4.20
4.62
1
20.44
21.98
Fund,
1
10.04
10.80
Inci
10
10.85
11.31
•
3.60
voting shares,,—
25c
1.23
1.36
National Investors Corp—
1
6.87
7.43
Loomls Sayles
Inc.—5
V 27.08
29,23
Loomis
16.04
Manhattan Bond Fund
1
'14.64
—1
Ltd
" x3.05
Fund
Mut Fund,
Sayles Sec
27.72
29.80
Maryland Fund Inc
9.46
10.24
Mass
Securities com—100 2,310
100
mod
.
mod.
—
%_
2.60
(Md)
■
.
Low
—
:
,
r'* Income'
28V§ "
v
111%
"
1
17.74
i
3.50
2.50
-5.40
6.15
25c
1.20
1.32
1
X20.26
21.76
1
X12.19
13.09
28.76
Equitable Invest Corp (Mass)-5
31 %
Equity Corp $3 conv pfd
1
17.79
Fidelity. Fund Inc.—.,
•
,1.75
Financial Industrial Fund, Inc.
First Mutual Trust Fund
B •1x5.14
30.92
Metals
32%
oils
19.16
Railroad
Dividend Shares
Chemical
-
Fund
Balanced
Fund
Stock
10
Fixed Trust Shares A
Fundamental
49%
Casualty,5
11%
12%
(Detroit).,10
23%
25%
55%
58%
15%
Monarch
Fire
51%
54%
National
Casualty
American
Reserve
10
14%
16%
American
Surety
25
Automobile
58%
61%
National Liberty
10
37%
30%
National Union
6%
%%
New
25
81%
86%
New Brunswick.
^
Bankers & Shippers
100
Fire,
5
;
19%
North
42
Northeastern
38%
41%
Northern
31%
35%
Pacific
Fire
Indemnity Co
5
Employees Group
Employers Reinsurance
10
58%
62%
Pacific
10
40%
44%
Fire Assn of Phila—
10
60%
82
86
Firemen's
Newark
of
__5
Franklin
46
St
18%
1953
26%
.62 %
Standard Accident
8
26%
28 %
U
24'A
26%
10
100%
,96
42%
37%
131
125%
62%
59%
4.92
4.77
36%
38 V«
Fire
46%
49%
U S
1
Fidelity & Guaranty Co.,2
U S
Guarantee
—10
67%
72%
28 VB
Westchester Fire
45%
28%
■
51%
35%
...
Travelers
S
2.98
2.88
48%
16%
'
5%
28%
•.••24%,
30%
29%
8.56
10.70
Hew York
8.35
6.68
5.04
Bank of the Manhattan
7.36
Bank of New York
5.79
6.38
;'39%
Bankers Trust
City Banks & Trust Cos.
Co.—10
100
—
Fulton
21 Va
20%
393 ?:■:
Trust
48 %
100
-
85 '
90
95 '/a
99
145
155
306
314
Irving Trust
Kings County Trust
Lawyers Trust,,.;
10
13%
14%
100 1,435
25
13.55
35%
37%
Manufactures
10
Chase National Bank
Ask
100
„100
Guaranty Trust
405
50%
,10
—
Brooklyn Trust
Bid
Par
Ask
Bid
Par
'
:
Central Hanover Bank & Trust 20
.
xl;97
—
10
HU -22%
Marine
67%
15
com,
—
Fire
—
Haven
63%
Rutgers Fire Ins.
10.98
i'K'*--j'
&
35%
3%
Springfield Fire & Marine..—25
9%
8%
5
Paul Fire
15%
33%
2
Seaboard Surety.
Security New
48%
88%
14%
Fire..—....
45
43
93 %
110%
46%
(Texas),.
.Revere. (Paul!
10
&
4.57
!
Republic
»,
16%
Globe & Republic—,.
9.99
L
27%
42%
Hartford
%
V-
5%
89
84%
5
S
Marine
&
6.69
j
-25%-
14%
23%
'
105%
10
General Reinsurance Corp—
6.07
shares
12.50
Providence-Washington
Reinsurance Corp (NY)__
13%
12%
...
Hartford Steamboiler Inspect.,10
Home
5
*
4%
Preferred Accident
64%
10
29%
47
;
21%
.Phoenix
1.49
1.43
Fidelity & Deposit of Md—20
7.40
—
River
17%
40
9.64
—
13%
Fire
10
8.77
.
44%
26%
27%
York
10
Glens Falls Fire,
7.59
24%
10
Hampshire Fire
New
Connecticut General Life
Continental Casualty
191
2
5
New
City of New York——-
Hanover
——
Trust
21%
7%
181
__
_
Casualty-
7%
5%
6%
Fire.
Amsterdam
22%
5.60
5.35
.
5
Ins
2%
:
Baltimore American
9%
6%
Y__
N
National Fire
Gibraltar Fire
9.73
Fire
14 Vb
10
7.17
8.98
Mfrs
&
2%
Re-Insurance
6.64
7.78
Merch
Casualty
American
9.45
;
—
Amer
Series
46 %
American
,
l
Steel
23.19
4.71 '
8.16
stock
—
North
5
Great
■
North Amer Bond Trust ctfs
"•4.10
21.16
1
2
Inc
Invest
5.71
3.55
201/0
•74%
71
—5
6.41
Railroad equipment
9.24
•
Shares A—1
Foundation Trust
77%
5.82
equipment—i_
Insurance
1.92
73%
preferred
I
;
—.
Electrical
v
.12%
18%
Massachusetts Bonding
Merchant Fire Assur
2nd
Building supply—
& Howard—
Eaton
1
stock
Bank
9%
11%
6.72
Machinery
;
D
8%
11.00
Aviation
41%
8 %
1
13.11
r
38 %
5
10%
American Fidelity &
American of Newark
Globe
:
20
Y—
Knickerbocker
Maryland
12.15
:
82%
22%
American Equitable
6.47
1
15
79%
Fire
20%
American Casualty
Camden
Ask
13%
10
Jersey Insurance of N
36%
34%
10
25
—10
Alliance
-10.01
Automobile
Diversified Trustee Shares—
c
7.38
!
Inc—
Agriculture
19.18
Life
Agricultural
American
X6.03
\
Fund
New York Stocks
„
Aetna
Bid
Par
Homestead
54%
8.59
New England
30%
—
X4.57
Fund——
Delaware
3.17
4.25"
series,,—_
Low priced bond series.,1—
Preferred stock series,-
•
—
28%
100
—•
X2.79
X6.71
r
'•
1.18%
shares——10
B
preferred
%
Cumulative Trust Shares
series
52%
Fireman's Fd of San Fran
priced stock conurfon—-
Bond
?
10
Insur Co of North America
147%
Federal
National Security Series—
■
2.60
100
shares!
139%
Boston
Securities—.
series B
(Colo)
Forster Insurance—
&
A Common
A 7
2.17
v2.17
.
Forster common—a10 "5c26V4
&
8$ preferred—-
Crum
—
Fund
Invest
Nation-Wide
5.01
2d
Investors
Mutual
38
2,31
1
1
1
1
AA
ACrum
5.. A
36
1
Accumulative series
AA
x4.61
Trust—
Investors
Mass
*
148
1
*
Series ACC
2,410
143
1
Investment Trust
Series
,
1
Corporate Trust Shares
•
Common'
3.65
r
—*
Commonwealth Invest-
Series
4.45
5.89
88.69
17.88
Preferred
'
10.33
*
i
Knickerbocker
16.63
Century Shares Trust
Chemical Fund
Consol
13.40
X4.00
!
99.45 ,103.59
5
-
Christiana
18.90
25.90
12.18
9.38
Series
10
:
Fund
Inv
Canadian
17.16
23.59
S-l
3%
America
Ltd
Fund
K-2
Series
Series
3%
5
Inc—
Broad Street Invest Co
Bullock
14.28
-
—i
1
preferred
Industry Shares,—
Fund
13.28
i
K-l
Series
6%
%%
%
—
A6%
Boston
6%
1
Bankers Nat Investing—
Series
3.64
24%
23%
10
Aetna
1
Affiliated Fund Inc
Companies
Ask
Aetna Casual & Surety
Custodian Funds—
B-l
j
Keystone
6.95
Bid
Par
Ask
Bid
Par
Ask
47%
49%
preferred
.——20
(J P) & Co Inc
100
National City Bank
12%
Trust Co
com,,20
1,485
37%
34%
45%
47%
'
,5.31
Fundamental Trust Shares A—2
4.58
*
4.12
•
1
31.60
33.98
5.11
5.55
B
—
General Capital Corp
General Investors Trust
Series 1955
I
1
X2.63
Chemical Bank & Trust
Series
.
1956—
L_
1
X2.54
Series
1958—
——'
Plymouth Fund Inc
(Geo) Fund
./'• V'.V,'
.
/
5.96
5.75
6.33
6.52
7.17
5.67
6.24
Selected
Amer-Shares
8.82
% 9.69
Selected
Income Shares.J
4.69
5.17
Sovereign Investors
•
6.77
7.45
Spencer Trask Fund
...
7.10
7.81
State
shares-
6.21
6.83
Super Corp of Amer
6.25
5.80
Chemical
shares—
Equipment—•
shares
•
:
bond
shares—
shares——
Industrial Machinery
Continental
14.22
Corn Exchange
i
Investing
X89.48
X9.25
Merchandise shares
5.98
6.61
i
1
*
X13.78
14.67
•
78.83
84.71
AAJ.
1
X2.31
C
!!,
1
shares
Petroleum
D
'
1
5.79
RR
shares
:—
1
$ 6.48
4.29
4.12
% 4.54
shares
3.93
4.33
Trusteed
4.38
4.83
Union
Tobacco
shares
Utility
;.
Class
1st
25c
43c
25c
71c
Fund
Bond
series
—-1
Foundation
Income
Common
Fund Inc
10c
Incorporated Investors
5
Independence Trust Shares
•
Institutional Securities Ltd—
Bank
Group shares
1——
of
Co
5.86
Union Preferred Stock Fuhd
16.77
76
87
88%
Stocks
Akron
1st
mtge l-4s_.—1989
gen
inc 4%s—1999
conv
Rio
&
2018
3-4s income————1993
St Paul & Saulte Ste M—
income 4%S
—,1971
Gen
City
1st
1991
4s——
mtge
Sioux
&
83
Denver
85%
86
Minn
48%
49
2.19
2.41
B
—
Free
June
15,
1
15.79
&
1
12.14
12.41
AFlrst
1
Boston
1%
2%
10
Corp
24%
25%
4s
3%s
100.5 '
.
100.7
11%
U
0.75%
ions
—V
3s
I.
S
Apr
Ask
Corp—
100.2
15. 1944
100.4
.'—Feb
notes
Other
100.1
1,1944
Issues
,
103%
105 <8
105%
1956-1946
——
1963—,
3s
-
—
1973
102
102%
Public
104%
105
Mar 15,
106'/a
,
.
U S Conversion 3s„
Sep
tSpot.
15,
1944
15.
1944
15,
Mar 15,
tMar
1
%
34%
1
1944
%
3s__
—1947
U
S Conversion
Panama
Canal 3s.
100.4
,
tSep 15,
i05
•
1961
100.6
100.16
100.18
$%s Feb 1, 1944
993!
100.1
$7/8S Apr
100.19
100.21
t%s Mav
100.14
100.16
1945
tMar 15.
1946,
J
♦rw
1Q46..
1'/2%
%%
%
103%
Ask
104
—
Service
(New Hampshire)
;—1973
3%s series A
;
1972
Diego Gas & El 3%S—1970
4%s
99 J/4
99%
105%
105%
San
108 %
103
South
Carolina
Elec
&
1972
Southern Colo
Lt
100%
100
Power
West
Texas
Util
Corp.
109%
110%
■107% '
108%
101%.
102%
3%s—,1968
102%
102% :
—.1973
102%
102%
104'
104
Power 3%s__ 1968
&
Utah
105%
107%
Gas—
3%s
102
101%
107%
107%
4JAs
3V8s
,1958
%
105%;
106%
107%
130
132
United States Treasury
Rates
Bills
quoted are for discount at purchase
Bid
Ask
24, 1944
b0.37
0.33%
2,
1944
0.33%
9.
1944—
b0.37
b0.37
b0.375
b0 375
b0.375
0.35 %
1
1944
1,1944—
100
100.2
t%s Aug, 1, 1944
?%s Sept. 1, 1944
l%s Oct. 1, 1944
100.27
100.29
f%s Dec. 1,
99.23
99.25
1944
—
Ask
b0.37
b0.37
b0.37
b0.37
b0.37
b0.37
0.28",
Mar.
0.30%
0.32%
Mar.
Mar.
16,
0.32%
0.32%
0.32%
Mar.
23,
1944——
1944—
Mar.
30,
1944—
Feb.
Treasury billsJan.
Jan.
Bid
100.22
Ask
100.24
Certificates of Indebtedness—
100.5
3/4%
tDec, 15,
—
1%%
1947
%%
1945
is
100.3
1%%
.
1945
15,
54
-'-»s.yv>,
—1946
Figures after decimal point represent one or more 32ds of a point
Int. Rate
Bid
Ask
Mafurltv—
Int. Rale
1944
53%
Puget Sound Pow & Lt—
100.3
Quotations For U. S. Treasury Notes
Jun
25%
(Indiana)—
series E
3%s
Bid
Maturity—
2
25
—
Light
Gas
Service
103%
York
Housing Authority—
j;}
103 U.
■-1041ft
1, 1956-1946
Mav
103
li!
103 A
103%
3s Jan.
common,,—
101
101
1955-1945
1955-1945
7%
1%
c
103
1963
El—
—-1973
Central Pow & Lt 3'/8S—1973
Delaware Power & Lt 3s—1973
Iowa Power & Light 3%s—1973
Northern Indiana Public Service
3%s
—1973
Panhandle Eastern Pipe Line—
2%s debs
1953
3s
Bid
1%%
1964-1944
3%S
3s
18%
32%
Bid
Public
Air Line—
Atlanta & Charlotte
Atlanta
Ask
Reconstruction Finance
b0.90
J
18
31%
7
c__
Pacific
n
;
45%
M—
Ask
Bid
Co
Bank—
1946-1944,
20
45
Recent Bond Issues
17.36
!,
Corporations
Federal Land Bank Bonds—
4s
com„__
Ste
Investment Banking
91c
83c
ABlair
1944—
t
v
Western
Sault
&
63
19%
1.80
..j—
Wellington Fund
Bid
0.85s
Grande
'—
Paul
St
Preferred
10.84
24.94
Loan
Rio
&
Preferred
28
61 %
15.90
L
Obligations Of Governmental Agencies
Home
27
82%
100
95%
Youngstown—
—
Blackstone Valley Gas &
Federal
&
Optional v t
1965
—
94%
—
Canton
49%
Pacific—
4s
.2014
49
•
Ask
.
4%s
5% preferred—,—
—
Chicago & North Western com—
5% preferred
57%;:
57
Grande—
4%s
Bid
Pacific—
Common
100%
100'
.
mtge
'
22.95
Commodity Credit Corp—
11 Va %
Feb 15,1945
6
1,305
18.33
U S El Lt & Pwr Shares A.
Union Stock Fund B
America,,,10
—
1988
InC
75
6.41
1.53
21.61
1.15
Investors Fund C
7.83
1.40
xl.05
Insurance Group shares
Investment
L'
20.10
9.89
Group shares
Aviation
C
20.75
7.16
:
23.92
18.98
B
Series
28c
16C
80c
23.19
A—
Series
AHuron Holding Corp—
Minn
s-=
&
Income
1st
!'
Industry Shares,'
B—
Western
A—,——-———1988
series
2d mtge
Trusteed Amer Bank Shs-^-
3.89
shares—
Equipment shares
Steel
A Series B
3.52
3.19
100 1,260
Bonds—
Ask
Canton & Youngstown—
Denver
'
Railroad
Trust
United States Trust
Chicago & Northwestern—
2.20
—1
A Series A
6.57
5.97
.93%
36%
5%
Guarantee &
Title
(When, as and if issued)
Bid
Bonds—
Akron
4%s series B—"1
Trustee Stand Oil Shares—
5.25
-
89%
34%
12
York Trust
New
Reorganization Rails
4s
2.30
A Series
6.61
6.01
4.77
——25
Public Nat'l Bank & Trust—17%
1,590
100 1,450
Bank
National
First
3.97
'
Mining shares
46%
75%
10.09
,1
A Series
-
237
19%
227
53
221
35%
91.28
2%
-
Price Shares
Low
17%
44%
71%
100
51
211
33%
3.64
Corp:
Investment
St
6.82
Trust—10
&
Bank
Empire Trust
6.20
3.31
Morgan
Bank & Trust_20
50
—
53
13.22
Trustee Stand Invest Shs—
5.27
—
Electrical
iH 7.34
6.67
>
shares
Administered
Trust
48
*.
..'•■/••■'v.-i
y% 5.41
—
shares
Aviation
Fully
'
*
5.68
Automobile
General
*f' t.:',
.
X2.21
L—,1
Quarterly Inc Shares
L—lOo
Republic Invest Fund
•
1
Scudder, Stevens & Clark*
Fund.^Inc
•
shares
Building shares
Food
~'r
-
1
10c
,
Putnam
Agricultural
Conv
Commercial National Bank &
bO.15%
b0.52
0.48%
b0.53
0.50%
b0.72 0.70%
b0.75 0.73%
b0.76
0.74%"
b0.77 0.75%
13,
1944,
—
1944—
20,
—
27, 1944
Feb. 3,
1944
Jan.
Feb
Feb.
1944
10,
17,
•No
1944
par
value,
—.
a
Odd lot sales,
b Yield price,
-
—
Ex-liquidating
0.34%
0.35%
0.35
b0.375 0.35 %
April 6, 1944——;
c
—
dividend
of $31.50 a share
payable Nov. 30, 1943, to Adams Oil & Gas Co. stockholders of record Nov. 23, 1943.
d Deferred
delivery,
r Canadian market,
s Cash sale—not included in range for year.' x Ex-dividend, y Exrights.
tin,default. tThese bonds are subject to all Federal taxes. AQuotations not furnished
by sponsor or issuer.
THE COMMERCIAL &
144
Monday, January 10, 1944
FINANCIAL CHRONICLfi-
Week Ended
BANK CLEARINGS
THE COURSE OF
Pre¬
liminary figures compiled by us, based upon telegraphic advices from the chief cities
of the country, indicate that for the week ended Saturday, Jan. 8, clearings from all
cities of the United States from which it is possible to obtain weekly clearings will
be 34.0% above those for the corresponding week last year.
Our preliminary total
stands at $11,648,872,054, against $8,696,018,705 for the same week in 1943.
At this
center there is an increase for the week ended Friday of 44.7%.
Our comparative
summary
1944
Chicago
450,395,636
":> *575,000,000
\
351,499,370
____
Philadelphia
———
———
—
Eoston
—-
'___
-___
—
.
________
_________
Pittsburgh
'
_
Cleveland
_________
__
Total
days—
cities,
All
,—
fiv3'days_ i-U,—
cities,
all
•
Total
.
+
21.1
Districts
1943
'
,
'
'
$
,
Week Ended Jan. 1
3d
+
33.1
+
38.5
$8,696,018,705
+ 34.0
v
•
-------
—
r:"''y: ~'X
•
1941
1940
$
Dec. *4
,
623,277,968
275,524,676
4.1
549,651,890
356,766,257
4.0
280,051,'425
599,340,000
280,978,652
568,869,061
5.4
•<V 572,126,480
280,061,099
0.3
173,103,747
9.2
235,873,528
146,192,857
242,338,050
6.2
121.306,370
115,578.797
495,223,519
ri
183,990,655
!
457,300,184
4,323.825,382
225,486,842
7.9
>
■*i" 483,297,489
200,993,109
109,593,960
181,086,057
114,169,857
150,819,104
80,432,669
7.7
361,065,876
277,182,520
+,
5.1
8,036,256,819
+'
.
1.0
3,859,884,928
6,925,558.391
3,055,387,209
+ 6.8
J; 366,455,949
396,512,760
Ended. Jan.
——i
$
••
:
789,829
•
3.751.495
>
'•
833.612
__________
541.683
>:'■/ 387.324
______
4 630.306 7
——
973,102
tj
1,179,863
—
4,575,974
,
3,339,137
2,585,393
18,600.661
18,522.624
5.546,384
6,822,292
v;
•
19,260,700
(12 cities)
■
? 19,972,500
540,798
Island—Providence
Hampshire—Manchester
Rhode
Second Federal Reserve
3.937,037
336,437,640
900,849
314,078,202
—i—
Haven—
593,965
Dec. %. ~,
.
1940
1941
$
District—New York—
>
61,228,000
953.359
1,024,2.'.4
5,163.358.709
12,894,597
Buffalo
Elmira
Jamestown
York
Rochester—..
5,385,390
6,199,719
479,434
___•
—
Connecticut—Stamford
New Jersey—Montclair
3,497,532
2,209,487
—
9.3
328,724,916
278,878,357
*
7.5
1,052,860
851,869
+
532,810
443,270
—28.5
21.2
944,756
848,311
1.2
4,782,464
4,132,596
+-
3,495,064
2,672,663
19,605,821
—18.7
18,111,642
7,306.997
—
3.6
21,087,700
15,807.800
—
8.0
940,352
711,854
—22.6
•
0.4
—
6,118,593
+
Peoria—
2,434,339
176,658
135,742
64,286,722
46,524,524
280,051,425
210,584,261
*
——
*
-
■
.
1,766,115
;
2,876,593
29,562,000
24,291,000
4,323.611
3,237,021
3,035,878
■
9.3
9,063,769
6,886.802
1.4
29,327,074
24,864,586
1,405,366
1,471,812
12,951,407
13,948,466
—
—
■i: 14,745,091
+13.6
'
6,180.311
.
2.0
+
4,823.635
444,732,983
528,265
339,671
459,538.195
7.0
-+
3,663,111
'
—13.3
445,297
387,297,238
1,807,467
1,115,638
'
—31.7
J.,847,065
4,276,518
2,004,327
4,692,171
1,798,546
599,340,000
(17 cities)
3,955,192
I
2 219,961
+ 45.5
9,740,721
34.294,405
6,301,025
386,012
475,713,186
1,260,662
568,889,061
Springfield———
329,450
4,452.779
3.7
—
1,694,293
...
720,808
-
+ 11.1
5,390,082
——
——
<"
—22.5
3,733.766
1,724,538
.———j——
i
8.1
43.3
+
'
2,465,070
—
9.4
+
—
1,692,623
16,752,807
;
—
Rockford—-
Total
457,226
4,966,252
30,629,000
——
8.9
—
1,829,229
.
3,774,193
4,842,604
U 1,718,895
9.6
2,013.202 *
4.1
1,669,744
1,602,421
5.4
572,126,480
483,297,489
5.7
139,900,000
106,800,000
+
—
+
Eighth Federal Reserve District—St. Louis167,600,000
158,600,000
69,058,767
43.437.885
882,000
48,581,674
280,978,652
280,061,099
Missouri—St. Louis
Kentucky—Louisville
Tennessee—Memphis
Illinois—Quincy
Total
—
(4 Cities)
4.1
59,218,158
44,971,541
-10.6
3o,962,370
28,673,516
2.2
793,000
641,000
+
0.3
235,873,528
181,086,057
+
71,977,425
-
902,000
-
Ninth Federal Reserve District—Minneapolis—
Minneapolis—
:
5,536,462
173,103,747
29,962,110
3.8
2,857,996
2,309,661
5.4
1,068,356
5.3
886,351
764,723
—17.8
941,714
72,697,629
37,4^1,418
+
1,182,917
3.335.446
96,887,768
+
2,720,256
991,898
4,550.723
188,990,655
St, Paul
North Dakota—Fargo—
South Dakota—Aberdeen
114,887,768
i.l
+
3.618.082
?' 44,216,548
1,247,296
—_ —
33.5
+ 13.9
4,829,269
130,814,406
43,708,849
2,848,214
Minnesota—Duluth
Montana.—Billings-——....
Total
*
——
^
(7 cities)
,
——
Tenth Federal Reserve District—Kansas
Nebraska—Fremont—.—
i V: Lincoln
:
'Omaha
...
3,735,522
3,915,558
9.2
146,192.857
114,169,857
—
333,195,502
6,841.250
—20.5
6.118.040
1,506,938
+ 10.9
1,620,014
3 550,784
969,392
^
——
Kansas—Topeka
54,100,000
3.7
890,640
,,
—22.2
1.357.290
1,141,338
8.8
4,176 371,891
1,316,977
4,744.435,593
+
—
V--
St. Joseph
;>■
'
10.5
12.205,501
0.2
6,337,858
6,438,630
' 8.9
5.691.291
5,113 388
5.9
552,526
465,986
1.0
24,948,941
24,745,189
'
11,668,521
5,394,895
5,691,233
452,850
+
—
+
+
38,536.256
+
4,895,659,204
45,905,518
50,937,473
48.5
Total (9
4,014,718,004
403,035
830,997
1,503,042
—41.4
1.475,275
903,141
524,312
72.3
514 277
1.393,100
1,500.199
610,000,000
572,000,000
990,056
1,788.134
2,170,568
2,576,357
+
—
Reading
—
1.081,763
■
599,086
1,886 027
1,386,471
6.6
605,000,000
470,000,000
—44.6
1,534,343
2.180,758
—15.8
—
—
Philadelphia
927,035
490.341
454,836
——.
+
7.1
' 1
York...
Jersey—Trenton-
—-
3,257,592
—14.9
1,379.696
1,747,840
2.224,969
.—28.5
2,092,965
1.915,295
3,071,800
;
1,364,796
1.589.785
Wilkes-Barre
3,010,959
1,162,071
Scran ton
6,471,100
—52.5
5,391,600
8,304,200
622,616,354
(10 cities).
590,355,944
+
5.5
622,775,333
491,400,040
3.682,542
*3.000,000
106,820,000
—
—
———-
12,800.300
2 261.504
2.077^864
2,800.550
-
...—:
231,587,430
14.629.700
Cleveland
Columbus
105,140,802
220.179.404
2,730,352
isylvania—Pittsburgh
203,162,165
265,941,220
(7 cities)—
G48,535,885
623,277,963
+ 22.3
29.2
295,717
760.510
665,117
+
242,338,050
+
2,144,509
>
6.2
i
~y
3,708,989
248.041
1
* +158.2 a
3,320,487
105,740,742
...3,767,526
14.3
V
2,751,040
31,765,744
148,126.011
+ 30.8
4.770,279
107,996
:
4,615,852
1.8-
.257,289,421
382,029
752,202
697,568
/
150,819,104
200,993,109
—41.1
3,496,414
1,687,158
2,865,783
99,174,000
93,062,329
+
6.6
86,248,212
*11,000,000
Fort Worth
10,830,292
+
1.6
9,463,351
54.5
+
3
if;
v
1,598,919
65,469,133
5,736,304
-'/
Galveston.
2,879,000
1,864,000
+
Wichita
1,025,099
1,135,685
—
9.7
1,676,079
1,196,016
5,541,113
5,820,708
—
4.8
5,364,904
3,847,297
121,306,370
115,578,797
+
5.0
109,593,960
80,432,669
Falls—
Louisiana—Shreveport
Total (6 cities)
Washington—Seattle
1,753,551
>
City
California—Long Beach.
1,450,320
72,212,959
73,617,477
27.260,523
.
Utah—Salt Lake
27,344,560
7,140,868
,
Pasadena
6,540,780
•;
3.345,000
/,
2,585,000
2,639,642
+ 20.9
3,240,222
1.9
5y,150,661
23.080,150
38,590.038
5,246,250
' 'i '4,136,259
V 3,808,724
—
0.3
+
9.2
3.089,060
251,385.000
+ 44.7
—13.5
3,682,753
4,210,099.
—J.0.1
Total
1,930,286
—18.0
1,872,813
4,024,453
(10 cities).
Grand Total
157,591,000
3,133,076
1,050.244
1,533,223
Stockton—.
20,763,209
'
3,784,191
Barbara-i-.'+ij^.i&..>
988,390
-
1^98,305,414
'
San Jose—__—
^13,070.275
59,824.352
0.3
+
—
290,685,000
4,468,793
1/
San Francisco
Santa
83,444,250
83,686 623
Yakima
Oregon—Portland
2,911,677
+. 38.2
2,613,017
7.7
1,937,742
■
s;
„
y.or'■
•
3,233,807
j'.
361,065,876+B 1277,182,520
457.30u.184
495.223.519
9,487,284,091
9.024,338,050
5.1
8,036,256,819
6,925,558,391
4,323,825,382
(110 cities)
Outside New York
4,279,807,118".
1,0
j,oo9,884,928
:3,055,3ur,209
—
Week Ended
Canada—
1943
Toronto
117,629,065
....
Winnipeg—;
St.
2,355 605
7.0
—
57,845,169
42,235,705
+
37.0
23,772.326
...
...
Ottawa—
23,228,682
+
2.3
43,539,583
+ 65.3
$
118,983,676
110,662,205
116,946,701
38,154,668
17,013,827
43,211,706
18,847,634
39.415 505
43 959.127
—
4.3
4,842,747
4,568,827
3.9
2,o3w,2i.6
2,i2i,6l4i
7,101,772
1.4
5,828,665
6,086,261
6,198,999
5,583,960
5,249,558
3,151,067
—
+
+
2,593,621
+
21.5
2,028,017
1,555,466
—;
5,373,081
7,003,872
...
—...
1,535,755
+
1.3
*2 OOO.OflO
2,687,070
2,389,480
+ 12.5
2,842,070
+ 52.4
2,429,230
% 122,166
+ iM
3 - —
g n^r» (\o*j
~
8,494,709
Regina—
—
+ 24.2
5,572,257
4..-UR 1«0
6,491.010
BrandQn
i
489,256
Lethbridge__l_rT^'
-
+
924,126
650.1.24
8.9
+
ba^.ojd
1,563,160
900,970
Jaw—5^.^.....,
+
449,240
2,168,460
—
Saskatoon.
1
713.062
5,rod,130
878,883
419,177
1,249,431
1,566,204
3;;. O
+ 38.7
1,945,888
V,
l,tX
I
767
+
38.6
+
7.1
♦1,300,000
—
1,227,896
976,511
949,067
Hat
...
—
Peterborough
6.3
930,049
721,677
Westminster—,—
1,182,280
978,550
—26.3
t)£;o, JlO
7b (,ad3
403,904
323,789
+ 24.7
269,743
324,242
1,056,120
William—
886,207
1,107,971
Brantford
Medicine
110,692,507
7,696,273
..^
Edmonton—
New
1940
$
3,156,455
'
Fort
3941
5,601,891
i_
...
John..
Moose
30
3,280,101
_i—
Halifax
126,469,527
—12.1
71,992,281
Vancouver-.—
Quebec
Dec.
^ Dec. %
150,580,385
132,306,792
i
Montreal
$
Inc. or
1942
$
707,681
+
49.2
573,912
590,184
20.2
+
982,462
943,653
1,115,759
+
4.1
1,148,549
1,389,338
5,577,193
—
1—
:
781,582
3,161,993
Sherbrooke
Windsor
District—Cleveland-
Ohio—Canton——
Cincinnati—
+
98.478
2,497,231
39,219,343
1,568,425
+ 53.8
+
~
Eleventh Federal Reserve District—Dallas-
Kitchener
Fourth Federal Reserve
1,724,772
5,041,898
763,554
cities)—
London
+ 12.9
—
—
167,012,235-
6,514,885
6,241.679
.......
Hamilton..^
Calgary
4,341,131,465
+ 9.1
District—Philadelphia-
Bethlehem..
+ 11.8
Colorado—Colorado Springs
P>. Puebio
v
7.3
59,167,811
2,652,681
:
Wichita
f
+ 479.3
3,475,823
66,125,590
5.994.127
3,870,171,182
11,158.538
+
—
Chester
184,398
1,068,268
Missouri—Kansas City..169.938,606
•
671,138
989,972
5,342,882,500
Pennsylvania—Altoona
•
.
1,612,970
19.4
41,300,000
51.291,221
+
> 3,223,648
Victoria.—
T)tal
356,766,257
—
.
391,314,004
—
27,533,498
t
Jersey
(12 cities)—
825,341;:
926,451
4.7
—
27,005,196
57,244,784
Newark
Tei*
2,910,129
0.4
0.1
4.0
213 .159
Twelfth Federal Reserve District—San Francisco-
—31.9
-
5.437,624
1,671,474
York—Albany—.___
Toungstown
9.2
—
1,725,310
2,402,967
.
8.7
407,484,719
371,854,910
-
Blnghamton
Mansfield.
4,754 ,989''
2,894,003
—
Rapids
Texas—Austin
1
Inc. or
1942
-538,209
r-
Connecticut—Hartford
1
27,491,619
„
—-
Chicago.
Decatur'_;_;--—
210,584,261
'v
5.0
440,804,421
470,675,565
Worcester—
Total
38,259,194
5,986,179
8,790.103
33,815,465
,-V
Dallas
District—Boston—
Massachusetts—Boston.
New
2.2
29,481,000
Illinois—Bloomington
407,744,961
180,468,927
r-
r""
9,024,338,050
4,279,807,448
9,487,284.091
32 cities
Maine—Bangor
Portland
Lancaster
+
'
72,646 052
Des Moines
491,400,040
———
Third Federal Reserve
40,835 ,613
.
_—
Sioux City—
333,195,502
Clearings at—
Total
25,959,000
*500,000
4,565,303
2,424,794
;
Haute
Iowa—Cedar
4,014,718,004
$
Northern New
1,351,027
29,212,000
'
Wisconsin—Milwaukee
>;.■
622,775,383
1943
Syracuse
1.410.199
+ 24.8
■/>>
391.314,004
y
11
10
_____________
New
+ 27.3
342,454,629
^
Helena.—..
the figures for each city for the
New
—24.4
4,318,393
_
Bend-
Terre
4,341,131,465
1
—A-_—--110 cities
Total
2,680 654
*1,550 000
38,380 ,972
+
Seventh Federal Reserve District—Chicago—
South
342,454.629
11
6
York City
$
.We now add our detailed statement showing
1 for four years:
>[[>/
Week
New
(10 cities)
Indianapolis
Districts:
Inc. or
1942 •: 1
"
'
week ended Jan.
New
78,700,000
232 290
Indiana—Fort Wayne
i
.J--.
<1
9
Francisco.—
Springfield
I0d,50u,000
72,719,420
Rapids—
Lansing
257,289,421
II
•
7
11th Dallas ;
River_
5,082,014
21,180,636
—19.3
41,748.777
_____
Grand
253,734,551
4
10th' Kansas City
H
'
648,535,865
II
17
Lowell
;
New Bedford
6,308,379
26,585,177
151 300 000
122.100.000
*
2,027,636
Michigan—Ann Arbor—~
5.5
II
10
8th St.
Fall
+ 21.4
8.4
—.
Total
"
+ 36.4
9.1
««
6
First Federal Reserve
1,443,151
1,972.549
45.6
+
622,616,354
—
6th Atlanta
Canada
—
10,049 .981
34,354 837
12,198,285
Mobile
8.7
«
Total
180,468,927
Mississippi—Vicksburg—
590.355,944
7
Outside New
£25,486,842
Louisiana—New Orleans—
407,484.719
4.895,659,204
10
I2th San
7.9
+
47,904,347
42.3
19.2
by Federal Reserve
•
371 854,910
M
12
■_
275,524,676
29,082,806
37,252,932
;
21.5
5,342.882,500
cities
12
Louis——
9th Minneapolis
29,763,078
_____
+
+
BANK CLEARINGS
SUMMARY OF
7th Chicago
92,669,468
38,132,597
—
+
/■■; :
following we furnish a summary
Richmond —
- i——41
.121,254 855
5.5
~t—18.7.
—
,
2d
6th
—10.0
253,734,*551
.
Alabama—Birmingham
and in the
'
-
161,431,082
+ 29.1
.0'
,
Federal Reserve
51,412,345
2,194,225
U-
Macon—
Minneapolis Reserve District of 9.2%. In the Kansas
City Reserve District the totals record an increase of 6.2% and in the Dallas Reserve
District of 5.0%, but in the San Francisco Reserve District the totals register a de¬
crease of 7.7%.
'
1
In the
(6 Cities)—
Augusta
1
-
4,347,000
57,550,124
—37.6
<
Florida—Jacksonville—
for the week covered by the foregoing will appear
cannot furnish them today, in as much as the week
ends Saturday and the Saturday figures are not available at time of going to press.
Accordingly, in the above the last day of the' \yeek in all cases has to be estimated.
In the elaborate detailed statement, however,,which we present further below
we are able to give the final and complete results-for the week previous—the week
ended Jan. 1.
For that week there was. an>Jjncrease of 5.1%, the aggregate of
clearings for the whole country having amounted, to $9,487,284,091, against $9,024,338,050 in the same week in 1942.
Outside of this city there was an increase of
1.0%, the bank clearings at this center"having recorded an increase of 8.8%.
We
group the cities according to the Federal Reserve Districts in which they are located
and from this it appears that in the New York District (including this city) the totals
show a gain of 9.1% and in the Philadelphia Reserve District of 5.5% but in the
Boston Reserve District the totals show a loss of 8.7%.
In the Cleveland Reserve
District the totals are larger by 4.1% but in the Richmond Reserve District the totals
are smaller by 7.9%
and in the Atlanta Reserve District by 4.0%. The Chicago
Reserve District has to its credit an improvement of 5'.4%7"!n the Sti'LouiS" Reserve
[
5,425,000
6.8
2,758,943
145,226.317
30,679,709
—.
Georgia—Atlanta—
Complete and exact details
in our issue of next week.
We
District of 0.3%,
:
Columbia—Washington—
Nashville
+ 27.5
1,402,174,295
$11,648,872,0
_
' +, 'Si
* Estimated.
•
■
Total
8.2
$7,294,187,778
1,401,830,927
1,941,478,665
one
ail cities for week
159,048,108
126,800,000
228,89^,000
187,810,465
157,036,177
$5,892,013,483
$9,707,393,389
—-
'
"
v
135,745,523'
Other cities, five
District of
+ 14.8
+
105,136,616 -'
.
$8,035,750,887
1,671,642,502
days____.
cities, five
[
Maryland—Baltimore
Tennessee—Knoxville
324,7^9,033
267,202,791
228,595,511
-
Baltimore—
Ten
6,568,000
74,718,080
■:
South Carolina—Charleston
;■
833,885
930,041
1,124,568
5,339,000
_
.
Richmond
1
501.000,000
.'l
278,187,000
—
Francisco
San
$
+ 16.4
965,765
1,721,308
Virginia—Huntington
Virginia—Norfolk
+ 21.0
192,622,052
" 161,700,000
'
——- —
—
Louis
St.
1940
1941
Dec. %
60,643,649
West
+ 44.7
_______
City
Kansas
%
.
'372,227,566
$5,394,803,004
•
-
1943
$3,72.9,328,518
'
York---—I
Jan.
Inc. or
-
$
1
■V?-VV
'
Week Ending Jan. 8
New
1942
1943
Sixth Federal Reserve District—Atlanta-
by Telegraph
Clearing's—Returns
•'
™
'
Fifth Federal Reserve District—Richmond—
follows:
for the week
V
.
'/.'
increase compared with a year ago.
this week will show an
Bank clearings
~
...
3,291,108
+
69.5
4,242,506
4,476,030
+
24.1
939,544
634,257
Prince Albert
1.6
92,113,889
68.963.182
4.9
183,054 023
140.504.543
+
14.3
13,939,100
12,658,600
+
8.8
2,417.784
1,986,734
Sarnia-
+
2.6
3,567,013
3,094.694
Sudbury..—.'——
+
12.1
252,920,439
4.1
549,651.890
407,744,961
Kingston
...
:
596,273
386,309
413,022
967,904
972,698
19.5
624,600
721.760
+
962,233
712,757
Moncton—
941,120
2.2
+
510.936
26.5
178,181,603
..+
+
—
600,756
Chatham
—
475,000
439,927
679,138
'
Total
781,244
(32 cities)
•Estimated.
I
—
—
450,215
+73.5
*500,000
440,051'
1,098,058
—
894,1.54
+ 22.8
1,042,963
1,346,454
470,675,565
440,804,421
6.8
366,455,949
396,512,760
+
Volume
COMMERCIAL & FINANCIAL CHRONICLE
THE
Number 4245
159
Redemption Calls and Sinking Fund
Name of Company
California
Electric
Power,. $3 pfd. (quar,)—
Canadian Investors Corp., Ltd. (quar.)
When
1.
1-15*
$10c
2-
1
1-5
$$1.50
3-
1
12-31
2-1
1-15
25c
2-
1
1-15
$1.50
2-
1
$1.75
2-
1
1-15
$1.75
3-
1
2-19
Southern
_
75c
2-
1
1-15
4.8',t>
pfd. A (quar.)
$1.50
2-15
1-20
$1.25
2-15
1-20
$1.25
2-15
1-20
$ VaC
Corp., common (quar.)
5%
preferred (quar.)
Central Power & Light Co., 6% pl'd.
7% preferred (quar.)
bonds, notes,
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date formak-
12VaC
(quar.)
Century Ribbon Mills, Inc., 7% pfd. (quar.)
Cerro de Pasco Copper Corp. (reduced)
'.Columbia Gas & Electric, 6%
in
ing tenders, and the page number gives the location
which the details were given in the "Chronicle."
5%
preference" (quar.).*.
Cumulative preferred 57o
Ltd.
Commoil,
Page
(irreg.)
——
series
(quar.)**
4—
Co.
British
American,
due
1953
5%
& Continental Corp.,
Service
Corp.—
1
;
Pacific Ry.
Chamberlain
-
-Feb
1st refunding mtge. bonds
class A preference stock
Corp.,
Chesapeake & Ohio Ry.—
Ref & impr. mtge. 3 '/a %
;
$5
1-15
1-
'
.•V-.C'
^
-1st
mortgage 3 V4 %
,
$4
1
mortgage
dated
6V2S
Deep Rock Oil Corp.
Public
Durham
Ref.
-
Eaton
>
2359
$5
1
debentures due IS
_Jan
14
debentures———.
..Feb
15
_Jan
28
-Feb
_Jan
-July
1966————————
serial
notes
•
~
*
Corp.,
.>
2363
General
Steel
Wares,
2582
Gordon & Belyea,
2583
Class
«
31
_Jan
7;7i''
31
:
•
5%
*
Feb
$46
1
1
1
19
2619
Houston
7%
$6
1
2620
6%
$48
1
bonds, series
Tennessee Coal, Iron & RR. Co.—
1948———-Feb
due
A,
1
Loose-Wiles
Lowell
1920—'—-Mar
dated
1
$50
?!
of
Temple Baptist Church, 1st mtge. bonds—Feb
1
7% preferred stock
—Apr
1
Twin State Gas & Electric Co., 1st & ref. 5 Vis, ser. A—Jan 29
Corp.,
$4.50
stock—Feb
pfd.
Corp.—York Ice Machinery Corp.—
1st mortgage 6s due 1947—
$50
2088
$50
Volume
preferred
issue,
$In issue
of Jan.
3, 1944.
All others
DIVIDENDS
which
Then
we
follow with
a
second table
National
Investment
declared.
News
(Win.),
Bros.,
6Vi%
6%
Northern
^
are:
A'A; $1.50
Per
4.7 Name of
;
All-Penn
Oil
Amerada
Petroleum
&
American
Home
American
Gas
States
■'*
Company
■
Corp.
(increased)
Quarterly
75c
(monthly)**
(Indianapolis)—
_:
—
Anchor Post Fence,
20c
prior pfd. (quar.)
Anglo-Canadian Telephone—
5Va c'o preferred (quar.)
Apponaug
.Co.
30C
.
6%
Atlas Powder,
Ault &
American
(s-a)
Ami
Boston
Bower
Y.)—
1
1-10
12-31
15c
2-
1
1-10
31c
2-
1
7%
Bearing
Gas
Light
Bros,
2:
1
2-
1
2-15
2-1
2-15
2-
***:_*__
_*___
7
22VaC
1-25
1-15
$1
1-31
62V2C
preferred
(accum.)*
(irreg.)
1-
1-15
3
12-17
3-20
15c-
$1
1-15
1-31
17V2C
50c
—
1
> 3-10
1-15
7
.1-15
1.
6
1-
5
$25c
2-
1
1-15
$38c
2-
1
1-15
$20c
2-
1
1-15
Ltd.—
preferred
Parker-Young
Pelham
Hall
*_*7
$85c
4-
1
2-15
5%
Co.,
Portland
A
Edison
Co., 6%
(quar.)
I
2-1
2-1
1-
1-
1-
—
15
25c
1-10
22
3c
1-15
31
25c
1-15
25c;:
1-15
31
12VsC
1-15
■'5
25c
*!
5%; preferred
1-20
31
2-
15
*
12V2c
tquar.)*
31
1
$1.06V4
1-15
25c
1-15
20
5c
1-15
•20
75c
Insurance
2-15
-20*
(quar.)
2-
1
Metal,
Ampco
'
4
2-1
1-15
1-15
1-10
1-15
2-15
5C
2-15
1-10
$1
1-17
Inc.,
$1.50
2-
1
1-
2-
2-
1
1
25C
(s-a)
3
1-29
Co.
31V4C
^_**
1-
3
1-15
75c
4-
1-
8
1-15
12-28
$1.50
2-
1
1-11
$1.75
2-
1
1-11
12C
(irreg.)
V 3-15
$1.25
2-
1
1-15
10c
1-25
12-31
Edison
1
12-14
1-15
2-
1-
8
$6 pfd.
*
:
—
.
—
1-
5
12-31
1-28
2-
2-
$1
12-30
1
1
1-21
'
1-5
1-15
r;.'"'l- 5
:,i
1-15
Canada,
Paper,
1%
class A
1-15
t$i%
pref. (s-a)_
(quar.)*—
12-29*
1-15
$1
12-31
1
2-28
J$2
3-
1-15
12-23
50c
2-
1
,1-10
2-
|25c
;
1
1-20
1-21
12-30
1-15
12-31
15c
2-15
12-31
50c
2-
50c
—
50c
$15c
(quar.)**—
(resumed)**—
,
'
*
(quar.)
1
1-10
$20c
(quar.)*—
Ltd.
1-15
12-20
1-15
12-20
$lVa
3-31
3-24
$32 Va c
1-15
12-20
30c
1-15
12-31
Power,
class
A
(quar.)
$1.75
1-12
—
+50c
1-15
*
preferred
Pulp &
$1.50
(quar.)—
Paper
Broulan Porcupine Mines
(quar.)
.
,
1
1-17
1-15
12-27
1-20
—
.
1-10
lr31
$1.75
2-
1
1-15
$$1.50
2-
1
common.,*..
1-10
$1.50
1-15
12-31
$1.50
1-15
12-31
12-31
—
$1.75
1-15
37V2C
2-15
6 2 VaC
2-15
1-31
1-26
12-30
$15c
1-25
12-20
$$1.75
1-15
12-20
$50c
—
preferred
(s-a)*.
Canada Southern Ry. Co.
i
10c
Corp._____**—*
Canada Northern Power Corp., com. (quar.)
7% preferred (quar.)_____—*——
Canada Starch,
1-10
1-17
2-29
40c
preferred.(quar,)—*
(A. MJ, 7%
2-
75c
$4V2C
Tungsten
3
$25c
—
(interim)—*——__
Callite
1-
12-31
Telephone—
1-15
$$3.50
2-15
1-31,
Co.,
*
1-
8
2-
common (quar.)
8
1
5A
preferred
(quar.)—
2-
1
1-21
2-
1
1-17
Canadian
50c
2-
1
1-17
Canadian
3-
1
2-15
25c
1-15
1-7
5c
1-15
1-
Fairbanks-Morse, 6%
General Investments,
pfd. (quar.)
Ltd.—
Registered (quar.)
Canadian
Industries,
Canadian Pacific
—
7%
(quar.)*
non-cum. pref—
preferred
Ry., 4%
Capital Wire Cloth & Mfg., $1V2 pfd. iquar.)
2-
1
12-28
$37i/2C
2-
1
1-10
2-
1
$$1V4
Ltd.,
*
+$11/2
$50c
Bronze
(s-a)
$1
7
1
1-15
3-1
$2 V2
v
(accum.)
Canadian Car & Foundry,"partic. pfd. tquar.) *
Canadian Celanese Ltd. (founders rights)**
'Y.)—
2-
$1V2
(quar.)
50c
——
12-28
SI
30c
-----
12-15
1-25
$1.12V2
*—____
1-21
12-24
50c
3-10
1-21
Corp.—
Co.
Mines,
2nd
Canadian
$14
3-30
10c.
common.
Ltd.
Columbia
7%
$1.50
6-24
——*
v
12-27
1
6-24
6
Calgary Power, 6% preferred (quar.)*
California-Oregon Power, 6% pfd. (,quar.)_
6% preferred (series of 1927) (quar.)
7%: preferred (quar.) *———
*_—_*
California Packing, common (quar.)——***
5r'o: preferred
(quar.)—
1-15
50c
A
Hats,
Columbia
_Byers
1-20
1
2-
6
7-
75c
Brooklyn-Manhattan Transit (liquidating).—
Brooklyn & Queens Transit (liquidating)
i
2-15
1-14
7-
—
1-21
32 Vac
12-15
1
■
Aircraft
British
12-28
1-15
1-15
75c
•
4——
of
British
6%
1
5*
12-31
2-
Telephone Co.-of Canada
Brompton
2-
1-
1-15
$2.25
-
Corp.^ Class A (accum.)—*
Cordage, Ltd.,. $1.30 pfd. (quar.)
Bridgeport Hydraulic (quar.)***
Bridgeport Oil, 7% preferred (quar.)
1-31
$1.25
12-15
2
$1.25
Brantford
1-31
1-26
1-14
2-
$2%
:
—
Brandon
1-15
12-29
5
$10C
1-31
$1.25
1-
'
Boston
1-15
1-29
1-15
$1.25
——,
Co
Blair & Co., Inc.
12-31
20c
;—
3
Securities
Bralorne
1-15
1-
1-
$2
(interim). n;
partic. preferred
Biltmore
1-13
1
1-15
$1% >'
—:
(quar.)
(resumed)—*
Benson & Hedges, $2 conv. pfd. (quar.)
Bests Foods,
Inc
1-15
1-31
•2-
1-15
12 VaC
Beilanca
3
25c
$1.50
1
'
1-15
50c
:
2-
Rubber
Bathurst Power &
1-10
1-15
1-15
37Vac
2-'1
Barber-Ellis
1-10
1-20
1
2-1
Bell
1-14
1-20
1-13
2-
common*——————
Ltd.
Inc.
>
12-28,!
1-15
30c
$1.50
6"'o
1-14
$1.62 Va
i
;*
5
'
Bankers
12-31
1
1-
1-12
25c
$1.75
—
Baldwin
1-15
2-
12-31
62 VaC
12-31
1
!12-15
1-10
1-15
—
——
Topeka & Santa Fe Ry.,
non-cum.
preferred (s-a)
5'}'e
12-15
2-
1-15
15c
$lVa
(quar:)
Atlantic Rayon Corp., $2.50 prior pref. (quar.)
Atlantic Refining, 4% conv. pfd. A quar.) —
1
12-31
1-10
30c
(accum.)*
Atlantic City Electric,
2-1
.2-
1
2-1
$L25
(quar.)*
common (quar.)*
Atchison
1-10
25c
;
$lv
Appalachian Electric Power—
1-20
.
2-
37V2C
—
4V2preferred
(quar.)—
Arlington. Mills
(quar.)*
1-15
1
(Va.)
Amoskeag Co., common (s-a)
$4V2 preferred (s-a)—
6
2-
& Casualty
preferred
1-
75c
——
prior
1-8
$^1.75
(quar.)**
(N.
2
1«25
*
_______
American Telephone & Telegraph (quar.)
Zinc Lead & Smelting—
1-10
$6
(irreg.)
1-15
American
1-15
37 Vac
(quar.)
Insurance
conv.
Anheuser-Busch,
}
(quar.)
-1
$1
750
Corp.
•
Products,
Anglo-Huronian,
$1.18%
*
Service.^class A (quar.)
Rice-Stix Dry Goods
Rochester-American
Comnaniet
Inc.*.**—****_*****_*;
(bi-monthly)
Mill—
preferred (quar.)***
3
$1
preferred
Miscellaneous
preferred (quar.)v
Co.
12-21
12 Vac
(quar.)__
Co.
and
Sugar Refining, com. (year-end)*
Telephone Co.
(Abilene, Kans.)—
preferred (quar.)—
:$5
3
1-
Maize
3
25c
Co.
Public
The list does not include divi¬
—
5r.'o
3
75c
(C. A.) Co., $2 pfd. A (accum.)—*1*
Regal Shoe, preferred (accum.)„
—
Manufacturing
12-30
week, these being given in the^
Furniture, 7% .preferred (quar.)
& Traction, com. (quar.)
preferred tquar.)
4V%r'o
1-14
1-15
$1.75
Reed
Rhode Island
1-10
American
1-18
60c
pfd.
IOC
1
2-
this
*—
(initial)***—
pfd.
1-15
American
.
2-
10c
Railway Equipment & Realty Co.—
$6 preferred
(accum. V
$2
3-14
15c
A
Light, $5
preferred
Reliance
1
68 %C
Quarterly Income Shares, Inc.
^Regent
1-14
4-
50c
(irreg.)
Gas
2-15
A2i"l
American Rolling
7
A'.AA
*
12-23
i
American News
5
—
preferred
-1-25
3
the dividends announced in previou*
Extra
1-14
1
50c
—
(quar.)——
(quar.)
$1.30 pfd.
1-25
1
1-
$2.50
(year-end)•*._*
common
(increased)
Alliance
American
1-15
1
1-
—_
Pittsburgh Bessemer & Lake Erie RR. (s-a)_:
Quarterly
(quar.)..,
1-25
E6V4c
A
Service,
Stores,
•A-'6Vo
1-14
—
(quar.)*.
1
2-
$1.25
*
Mfg.
$3
(quar.)„
(quar.)
2-
50c
A
American Light
7
2-
55c
Public
7%
1-
2-
58 Vac
Lighting" Corp.
50C
$1.25
•:
-
^—
$1.50
Co.
Potomac
Mills, Ltd,, com. (interim)—
$1.50 1st preferred (quar.)
;
80c 2nd partic. preferred (quar.)—
$3,40*convertible
1-13
1
preferred
$7.20
1-10
;
American
1-11
$1.25
common
Pacific
1-15
1
2-
preferred
:
^
Breweries,
2-
25C
(quar.)
Pacific
1-20
5c
Caldwell Linen
Canadian
i;
60c
preferred '„*__,
1-10
10c
•
(quar.)——
Acceptance,
Roller
12-20
1-
1-11
4
'
Brothers
12-28
$1.75
.
Pacific Finance Corp. of California—
5%
preferred
(quar.)*—*
.
,**
Co., Class A (quar.
B
Brockton
Bunte
(N.
•-*,
'
Bloomingdale
Class
Insurance
12-15
1-15
":A
Fire & Marine Insurance
Shoe,
Ediscn,
Outlet
1-21
1-20
2-
$$1.37 Mi
preferred (quar.)
Ohio
12-27
1-
Wiborg Proprietary, 5Vs% pfd. (quar.)
Extra
12-22
1-13
——
Hampshire
(irreg.)
1-25
1-25
1-15
******
American Fork & Hoe,
preferred
American Fruit Growers*——
1-20
$1.50
———
pfd.
preferred
New
(accum.)
•**___
(quar.)
American Fidelity
12-31
7':4
2*1
Orange County Telephone (annual)
1
25c
$1.25
Common
$6.60
20C
J—_
Baltimore
Bon
5%
$7
1-14""
1-31
$68%c
(quar. )__*__
City Sewerage (quar.)*__,__u____*,7
Atlas Plywood Corp. (new common) (quar.)
$1.25
preferred
(quar.)*
-___*__*_:__7:
of
preferred
1-15
2-1
1-
$1.50
Atlantic
5%
1-10
1-31
4
RR.
Nunn-Bush
of Rec.
1-15
v
Illinois
Northwestern
Holders
Payable
2Vac
Corp.
Insurance
When
Share
(irreg.)
Products
1
6
75c
(annual)
A
2-10
2-10
lc
'
2-25
55c
(accum.)
Northwest Engineering
Companies
7
1-
50c
7% prior pfd. (quar.)
Corp.,
common
Gas,
convertible
Northern
:
1
10c
(accum.)——
preferred
Penn
Class
$1.25
1-15
Investment Corp.—
preferred
5V2%
North
A
The dividends announced this week
preferred,
1-18
$1.12'/a
American Can Co.
1-15
1
'42-
25c
30c
Corp., $1.20 preferred——
Ltd., 7% preferred quar.)-__
Inc., 43A%
North American
Department" in the week when
.
','4 1-20
1
25c
(quar.)
New Bedford Gas & Edison Light Co. _(quar.)
Newberry (J. J.) Realty Co., 6% pfd. (quar.)
which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are
given
under the company name in our "General Corporation
and
Money
Neilson
12-23
________—
3-
$1.50
—
————
Neisner
in
show the dividends previously announced, but
we
A.:
———————_—
Extra
12-29
____—
Reduction
American
Liberty Insurance Co. of America-
Semi-annual
50c
*
.American Cities Power & Light—
Conv.
A
optional dividend series
(stock
2- 1 -r7 1-15 4:
♦dividend l/64th sh. of class B or cash2-1 7
1-15
American Discount Co. of Georgia, $2 pfd.*
1- 3
12-15
American District Telegraph (N. J.) —
1-3
12-15
~
5%
preferred (quar.)
2- 1
1-15
2-
20c
25C
grouped in two separate tables. In the*
bring together all the dividends announced the
we
2-
$3V
X
.*•—
—
12-23
4%
Straus,
Brass
-
10c
:
'
Department Stores (quar.)
National
are
current week.
2-10
$1.50
(quar.)
.
first
*/
*—***_
Insurance
Life
12-29
preferred (s-a)—
Corp.—
1st
Amalgamated Sugar,
a
(quar.)—
1-15
25c
■
American Airlines, Inc., $4.25 conv. pfd. (quar.)
1-12
1
&
Allied
1-15
$1.75
.
*
Narragansett Electric, 4Vz% pfd.
National Battery
National City Bank (N. Y.) (s-a)
National
Dividends
1-27
2-
25c
Mick.elberry Food Products, $2.40 pfd. (quar.)
Miller (I.) Sons Co., IncM 8% pfd. (accum.)
2198
1
158.
V.K. '
25c
25c
;
(irreg.)—
Fund
1
tf
Akron
12-29
(quar.)***
—
$1
Monumental
in
Light
Bond
1
2-
•
—.
(irreg.)
1-18
2-
$1.18%
(quar.)
Extra
1-15
4
a
1
—Apr
——
this
1
1-
$1.25
Maytag Co., $3 preferred (accum.)
$6 1st preferred (quar.)—:
Michigan Bakeries, Inc. (irreg.)
$7 preferred
(quar.)—-
York
in
Electric
Air
8
2-
$1.50
*
Biscuit Co.
Electric
Manhattan
bonds
1-
30c
preferred A (accum.)
Co., 6% pfd. (quar.)
&
'
12-24
20c
—
—___Jan 24
Chatillon Corp.,
■"Announcement
1-15
Lazarus (F. & R.) & Co. (quar.)
37 Vhc
75c
Valley Gas Co., 6% pfd. (quar.)**
W*. 25c
Lehigh Portland Cement Co., com. (reduced)
4fk convertible preferred (quar.)
$1
;
Coal Co.—
Products
1-3
60c
Works
Gas
5%
Affiliated Fund
3-15
'-$1.75
•
Water
Lawrence
$49
*
mortgage.bonds, due 1951—
Chlorine
l*
—
(accum.).
2-1
Addressograph-Multigraph
1-17
4-
.
Mfg.
Kokomo
1863
*.
1-17
7
3-15
(quar.)..!._
common
15c
class A
preferred
Laboratories,
Abraham
1
Lebanon
Feb
*
20-year 6%
Westvaco
1-24
'
(quar.)
preferred
Kermath
1675
Tubize
Knitting Mills,
1-15
(quar.)**
preferred (quar.)***
Industrial
4-
$1.75
(quar.)
preferred
6%
$
Standard Public Service Corp.—
1st iicn B'/o bonds, ser. A
4
50c
,
pfd. (quar.)
I*—.
1-31
2-15
Corp.,
announced
Abbott
V 25c
(monthly)-.
Kansas City Structural Steel Co.— i
2621
refunding mtge. bonds—Feb 29
Springfield City Water Co., 1st mtge. 4s, ser. A, due 1956—Apr -1
Trustees
12-24
40c
Tool
(quar.)
Kobe, Inc., 6%
20
1st
1st lien 6'fo
3
;
Light, 7%
2-15
If38c
1-21
1-
(N. Y.)
Machine
1-31
$1.25
(quar.)
Public Service
1-21
1
•
(quar.)———*
1-15
preceding table.'
13 %c :;v
new
1-31
1-13
1
(quar.)_*—
Detrola,
preferred
5%
Southern Advance
money
1
2-
.
4
1
1-15
50c
Kalamazoo Stove & Furnace Co.
?
1-31
$$1.5C
.
Line,
dends
12-20
1-311
2-
.>
Lighting & Power Co.
Jantzen
f
2367
;——Jan
3
2-15
'
2-
1 Q«ar.
—
1-22
2-15
weeks and not yet paid.
"
64:'7
$$2
7% pfd. (quar.)„_.
Co., $2.40 conv. pfd. (quar. )
Iowa Power «Ss
1
1-
$40c
preferred (quar.) —
preferred (quar.)4J__„
International
15
Mar
■
1-
$$1.75
.
(quar.)*
2-22
25c
*
class A
Below we give
''
15 c
(quar.)
International
H'fH'
—
12-31
8
1-15
25c
.
3-
$1.12 Va
ts-a)
$4.75
preferred
"5
1-19
1-15
40c
(quar.)
12-15
of Missouri—
Wolverine; .National ,'Gas
1-29
1-
63c
.
1-17
Jan.
1-19
.
——.
1
3-15
1-20
68%c
$47
1
6
1
1-29
.
Cooper & Co.,
Horder's, Inc.
5%
(Texas)—
7%
Horn & Hardart Co.
1
1-
•
2-
$1
*
2-
,
Mar
Wisconsin
1-14*
1-15
.
■-'/, 70c
$47
15
Purchase
s-a)f
pfd. (quar.)—_,
Co.
Brothers
Wilson
1-17
37 Va C
'
$1
10c
Corp.
convertible
$4
$1.75
class A, common——.
Corp.
7
1-6
50C
$2 prior preference (quar.)**.
Wiggin Terminals, 5% preferred (quar.)****
1-17
>
1
2-18
12-24
A
Storage, common***
_*_*i_
partic. prior preferred (extra)__*
1-31
12C
•
preferred
Griggs,
A Halle
$46
i.
U. )
1-31
1
1-23
tld
Corps., Ltd.,
2-
■:>'
$2.50
;•
.
'
5Va %
$48
General
12-10
$1
1-15
3-
"White Sewing Machine Corp.—'
12-20
25c
12-24
*
Washington Gas Light, $5 pfd. (quar.)*..**.
$4.50
preferred (quar.)___
Westgate-Greenland Oil (monthly)
1
(quar.)_-_—*_4—
1st preferred
(H,
1-15
1
Corp, (s-a)__
Extra'
1-15
1
2-12
25c
3
40c
Cold
4Vo
1-15
1
2-
common
Greyhound
1863
Tennessee Consolidated
B
preen
112
2365
1
lien
preferred
1
2-
•
1-15
1-
*
S.
7'" v
4
2-
(quar.)..^.^. .,$1.06%:
1
Oil
American
U.
1
'
1
Class' B
1-25
3-
'
3-10
2-
(quar.)
preferred (quar.)_*_*_**
preferred (quar.)
V United Drug Co.,
2-15
;
(increased
1
-JL: 7:7:
-Feb
1
1st
Bank in Yonkers
Corp.
_
-
preferred
convertible
Shoe
1st mtge 4'/aS due
Co.,
4(4 %
Metals
—Feb
——
(quai\)__
preferred (accum.)
Inc., com
General
Salmon River Power Co., 1st mtge. 5s due 1952
Feb
Shell Union Oil Corp., 2%% debentures due 1961——Jan
RR.
7r/o
$8
3
Pacific
Hampton Electric
(The),
//
2-15
.
1
of Chicago
Bag & Paper Co., Inc.—
1st mortgage 4%s due 1955——
A
Co.
6%
1979——Feb
Ry., Light, Heat & Power Co.-— ■»'.<(
4Vis due 1947
__^**
—4—
-Feb
Southern
&
Line
12-20
1
Mines
United Drill & Tool
1-15
1-
5
Manufacturing Co.
Electric Co.
Union
$5
$1.25
First Mutual Trust Fund Shares
St. Joseph
.1st
Pipe
Gold
V United
i-75c
.
General
—
1944-1955
Ltd.
Machine
Toburn
12-27
7"
14-
40c
$1.60 pfd.
preferred (accum.)_*.*.
Sulphur (quar.k.**:
Transamerfca
2-
c
$1.37 Va
Products,
General
—
Episcopal Corp. of Ottawa—
due
$37 V2
Dredging Corp.,
Gulf
Thomas
"
2-
;
$75c
.
.
Fitchburg Gas & Electric Light
-Feb
1-15
;_4■
1134
-Feb
15c
'
$20c
(quar.),^-^
1134
Republic Steel Corp., gen, mtge. 4J/aS, ser. B, due 1961_-Feb
Rhebem Theatres Corp., 1st mtge. 5s, dated 1937
—Jan
Water
,
notes dated 7 77 47
(Board and Trustees of) series "H" 5Va%
Harbor
•"
$25c
Exeter
$8
7;
2-21
(quar.)
common
Federated Department Stores,
2469
50c
.
(quar.)„——
Fair
" '.v"„ ■:
2nd mortgage conv. debs., due 1957—
Protestant Episcopal Church in the Diocese
4%: bonds
Steel
Eureka
■
k-
j\
4%
Safe
Fabrics,
1st preferred
1-31
1-15
.
-
.
1
Price Bros. & Co., Ltd.—•
Cutholic
(quar.
1
Poli-New England Theatres, Inc.—
,
,
1st mortgage bonds due 1958—;————Jan
Roman
-
Stores
■V
50c
17VaC
•
.
.
2253
-Jan
$7.20 preferred stocks—Jan
**
&
Home
$8
"
!'47-';
4i4
Philadelphia Electric Power Co., 1st mtge. 5 V2S due 1972_Feb
Phoenix Hosiery Co., preferred stock——4——1——Mar
V 1940
I
——
7% -preferred (quar.)2_—
Cleveland Navigation (resumed)_w
Co.,
1
1945-1946————
due
(quar.)
$1.75
t$1.75
Manufacturing
2nd
$4
Texas
12-31
.
$4Va
25c
common1
5Va% preferred (quar.)—_
Employers Group Associates (quar.)—
*'
'
Pacific"Western Oil Corp., 3Va% debs, due 1949———Feb
1
Park & Tilford, Inc., prefened stock————
i
Mar 20
3Vn%
A
Vilbiss
..Feb
..
City Gas Co. 1st mtge. 5s, due 1946——.
Lexington Ry., 1st mortgage 5s due 1949——
Monroe Coal Mining Co., 1st mtge. 6s due 1947—
National Power & Light Co., $6 preferred stock
■
1-15
Manufacturing Co.,
Rubber
-Mar
Kansas
College—
1-31
Dayton
LMar
1st mtge, 4V2S, ser. A, due f,
& Light Co., 1st mtge. 4s, due 1968
Southern Utilities Co. of Delaware—
Pennsylvania State
1-11
First Nat'l
Pwr. & Light Co..
and
1-21
1
$6
4
Power
$6.60, $7
1
2-
Egry Register,
\
Iowa
Co.,
2-
$1.25
(quar.L—
pfd.
.
ref. & terminal 5% gold bonds due 1951
Irrigation Co., .Ltd., 6% bonds dated 19(
Edison
1-15
12-31
preferred
(quar.)——
Dow Chemical Co., common.!..
5% preferred (quar.)—*—.—
2360
Iowa
Ohio
1
1-15
Eastern
1 7/ ;?'4:
-Apr
Co., Ltd., gen. mtge. 5s due 195
due
2-
l
A i
—
debentures
712-24
2nd
;47' $5
-Feb
Va %
5
Dominion
1
1st mtge.
; 4
1-
6c!c
International Rys. of Central America—
1st lien & ref. mtge. 6y2% bonds 1947—.
Iowa
.
_Jan
Co.—
12-24
:A Detroit
$4
1
L'Feb
due
Gulf & Ship Island RR. Co.—
Hawaiian
7-
1
bonds, series A, due 1949
(T.) Realty Co., Ltd., 1st mtge. 4s due 1951.
Great Lakes Power
:
1
5Va%
12-yr, 6%
Service
2249
._Feb
——-
6s,
7%
mtge.
%
,
1928
Continental Telephone Co.,
1
-Feb
.f.
1st mtge. inc.
5
Dixie
bonds due '196G__L**.i__
Cement Corp.,
1-
Class
..
mtge. 3%% bonds, series E, due 1969-———
Cloverland Dairy Products Co., Inc.—
1st
5
De
'1st
Consolidated
6
1-
Davenport Water Co., 5%
:
Cincinnati Union Terminal Co.—
1-
5
1-15
$1.80
Suburban Electric Securities Co.—
6
1-15
1-
1-15
12-28
10c
Stearns
10c
1-21
3
(Lex., Ky.)—
1-15
$1.50
1-
$1.20
2-
*
>
,_Mar
;*_■
____*
1
$2
1st
Standard
2-
2-1
$2.25
preferred (accum.)____
Springfield Gas Light (quar.)**
4
1
'
(quar.)***:
Southeastern Investment Trust
60c
■
■
-Feb
I—.-,
._
preferred
Electric Co.—
2-
v
1728
3
bonds, series E, due 19S
Chicago & Western Indiana RR.—
-rlst & ref. 4V*% bonds, series D, due 1962.4.4
Cincinnati Gas & Electric Co.— ■
'4- • /
(quar.)—
Indiana Gas &
of Reo.
1-21
2-
13c
Power.' (quar.)
"
Russell-Miller Milling, 4lA% pfd. (s-a)
Saratoga & Schenectady RR. (irreg.)
Schaffer Stores, 7'M preferred (accum.)*
Sherwin-Williams
(Canada), 77c pfd. (quar.)
Light &
Holler t
Payable
15c
15c
Rockland
1-15
1
share
-
;
(quar.)
Extra
•
$1.50
preferred A (quar.')__*———
7%
r v $1.75
preferred
(quar.)—
Consolidated Cigar Corp., 6Va% pfd. (quar.)
$1.62 V2
; ■
Consolidated Royalties, Inc., part. pfd. (quar.)
i5c
Corn Exchange Bank Trust Co.
(N. Y.)—
?3
-
29
_Jan
_
Co.
Y.)
2-25
6(/o
-
Company,
(N.
60c
,___*
preferred (quar.)
(C. G.) Co., Ltd., common (quar.)—_
Conn
A,
—
-
Central
series
bonds,
6%
6%
1525
1
.
dated 1934__—Feb 29
Brooklyn Borough Gas Co., 1st mtge, 4s due 1965——-Feb
1
Byers (A. M.) Co., 7% preferred stock—_*___*—_—-Feb
1
California Electric: Power Co., v 1st trust mtge.
bonds
>■
due 1956
i
Apr
1
trust
Collateral
Electric
Concord
debentures
-Feb
_****_*_
—
Utilities
Insurance
35c
—*4___
Edison
Commonwealth
Richmond
'
American
Name of
'
2-
Celotex
Company and Issue—
of Rea.
75c
"
Capital Transit Corp. (irreg. )*___**_*_*___*
Below will be found a list of corporate
Holders
■■
share
;
'
■.
.
When
Payable
Per
"
.
145
2-
1-10
1
1-10
$53c
1-10
12-21
$$1
3-15
12-31
$$1.50
1-15
12-31
$15q
1-15
12-31
1-15
12-15
2-
12-31
:$i%
Ho
$37c
1
1-28
12-
1
.
,
THE COMMERCIAL & FINANCIAL
146
Aguirre Associates
& Coke, 4% pfd.
beneficial
of
certificates
L™™_™
Co
Republic
Central
(year-end)
Cotton Oil (quarterly).-.—.——
•
Central West Utility
Chickasha
2-1
1-21
1-15
2- 1
1-15
1-15
1-14
J;" f
i*""*
1-10
1- 3
-.1- 5
12-14
4-14
3-14
25c
25c
25c
Quarterly
Quarterly
Quarterly
Cincinnati
Orl.
New
(quar.)-,-.—-.——
5% preferred (quar,)
.
6-1
9- 1
12- 1
preferred (quar.)—
>
5% preferred (quar.)—
Cincinnati Postal Term. & Realty—>
■
6'/2% preferred (quar.)
—
$1.62'/2
Clinchfield Coal Corp., 7% preferred (quar.)
$1.75
Clinton Water Works Co., 7% pfd. -(quar.)-,$1.75
Cochenour Willans Gold Mines, Ltd—-——
$3c
Columbus & Southern Ohio Electric— j) '
Q1/.2%
preferred (quar.)—
X™
$1%
Commercial Alcohols, common (quar.)——
$5c
8% preferred (quar.)—
$10c
Community Frosted Foods—;
X-V'.-XX'-XxV--': '
1st partic. preferred (s-a)__
—10c
5%
•
Common
6%.
Extra
:•
___;—
preferred (accum.)
Passumpsic River RR.—
Connecticut &
preferred (s-a)—
6%
1-15
$1'A
12-31
2- 1
$l7/a
A_—50c
Continental Insurance (N, Y.) (s-a)
™_
80c
Extra
20c
Corn Products Refining,
common (quar.)-65c
2- 1
preferred
$5
(quar.)_—
Co.,
Baking
——_
(quar.)—-:
$7.50 pfd.
Consolidated Laundries,
Continental
-
(quar,).--
preferred
7%
Inc.
Coro,
:—
——
*
Package Mfg. (quar.)— _—__™™,
:
Utility Banking, class B (quar.)——■ .',
Creamery
Credit
Crowell-Collier Publishing, 7% pfd. (s-a.)
& Forster,
Crum
preferred (quar.)
Drug Stores (quar.)__:—
Cypress Abbey ____
Detroit Edison " (qtiar.)
Detroit Gasket & Mfg.—.i—
—
Tunnel
River
(s-a)
Corp.-Seagrams, Ltd., 5% pfd. (quar.)
Cork Co._
—
Distillers
Dodge
Ltd
Mines
Dome
—
Extra
——___t
____
5(4% pfd. (quar,) $$1.37'/2
Dominion Textile, Ltd., 7% pfd. (quar.
$$13A
Dow Chemical, $4 preferred A
(initial)—
y; 59c
duPont (E. I.) de Nemours & Co.—$4(4 preferred (quar.)
——
$1(4
Duquesne Light, 5% 1st preferred (quar.)—
$1.25
East Pennsylvania RR. (quar.)———
$1
El Paso Electric (Del.), 6%
pfd. B (quar.)
$l'/2
Inc.,
Extra
C.),
common
Fenton United Cleaning &
Extra
Indemnity
Firemen's
Fund Insurance
Firestone
Tire
H.)
(M.
Fishman
Foote Bros.
5%
Co.,
common
6%
Wheeler,
Foundation
Fyr-Fyter Co
(quar.)_,
(quar.)————
Gardner Denver,
(quar.)—————
common
(quar.)
preferred (quar,)
Gardner Electric Light, common
$3
.
(quar.)
& Malting Co.
class A
,
(quar.)
Canada
of
Co.
Froedtert Grain
y;
'
conv.
Baking
General
—
_—
Foods
Corp.,
(quar.)
i'
.-i.-.
(quar.)
(quar.)
General Motors'Corp., $5 preferred (quar.)_
General Outdoor Advertising, 6% pfd. (quar.)
Brothers,
preferred
$6
(quar.)
Grlesedieck
Co.,
1"
3-20
2-
5
12-31
12-31
.
1-10
12-31
12-31
12-31
12-31
1- 5
12-31
1-21
1-31
12-31
1-15
1-15
12-31
25c
75c
$4
15c
1-20
2- 1
1-15
2- 1
1-25
1-15
2- 1
2- 1
2- 1
1- 7
2-15
2-1
1-25
1-25
20c.
1-15
$1.75
25c
w..--,
7%
2- 1
1-15
1-15
1-15
5c
t$1.75
/
Western Brewery—
3434c
preferred (quar.)—_______
5j/2%
1-
J35c
20c
$1.50
...
(quar.)
preferred (quar.).
Great American Insurance fquar.)
Great American Investing Inc. (Initial quar.)
Great Lakes Power, 7% preferred (quar.)_.
Hosiery
Gotham
1-
1-15
1-15
$iy4
(quar,)_
common
Golden State Co. Ltd,
1-
7- 1
10-2
$iy2
1- 5
1-4
3-15
6-15
9-15
1-20
12-31
1-18
12-28
1- 3
1-10
1-10
1-10
2-1
1-3
1-10
1-10
12-31
1-13
12-20
12-20
12-31
2-14
6%
preferred
(A.)
Harrisburg
Hartford
Harvill
Hat
Gas,
Corp.
z
Powder Co.,
$4 convertible preference (quar.)________.
$i
1-25
1-25
$i
2-15
1-25
70c
15c
1-28
1-18
1-28
1-18
_____
Hibbard
Spencer & Bartlett
Monthly
(year-end)
—
Holly
(initial)
Development
20c
participating preferred (quark)_____r_:
Massawippi Valley RR. (s-a)
McCall Corp.
(quar.)
—
—_
McColl-Frontenac Oil Co., Ltd.—
\
Common (year-end)
_________—
6% preferred
(quar.)™—
McCrory Stores Corp., 5% pfd.Aquar.)
—.V?
McKesson & Robbins, $4 pfd. (initial quar.)
McLellan Stores, 6% preferred (quar.) ______
Melchers Distillers, Ltd., 6%
partic. pfd
Mercantile Stores, 7%
preferred (quar.)™_ ,7
Merchants Refrigeration, 7% preferred-™-5%
.
States
Middle
certificates
Stock
Voting trust certificates A (year-end)
Piping & Supply (irregular)
Creek <fe Mine Hill Navigation & RR.—-
Power,
States
National
System,
Biscuit
Co.
National
National
National
$3
Cash Register,
Chemical
preferred
Quarterly
Quarterly"™™
Gas
25c
/
$1:75
2- 1
2-1
1-15
1-15
1-15
12-31
15c
20c
1-10
1-10
1-10
12-31
12-31
12-20
...
30c
5%
conv.
6%
1-31
1-13
30c
12-31
12-30
1-7
:
1-10
,—
______
(quar.)
12-10
24 5
2-15
1-14
1-24
1
12-15
1-15
12-21
1-25
12-31
2-
1
1-10
12-31
1-15
12-30
__
2-
1
1-17
2-
1
1-17
$1.75
2-
1
$32.37
3-
1
$1.12Va
2-
$i.0Gy46
1-20.
25c
1-10
12-30
12-15
$1
1-10
1-20
1-10
15C
(quar.)
1-15
12-31
$lJ/2
1-20
12-31
™/
"
$1.50
Electric Power, 6% pfd. (quar.)__
$1.37 V2
preferred (quar.)
Canada—
•
6% 4xon«cum. partic, preferred (quar.lis-- -—$7566% 1st preferred (quar.)_
t$V/2
5 V2 %
3-
2-15
1
3-
1
,,
2-15
Preferred
Accident
Premier Gold Mining,
X,
Procter
1-20
*
&
Gamble,
dividend)
for
1-21
shares
(initial
Common
12-15
X '7
^_^__™
1-15
12-15
class
1-15
12 24*
12-28
12-31
5%
50c
11-27
1-20
1
2-
1
t'25c
2-25
1-25
20c
X
2-29
1-26
12-17
$1.50
22-
1-20
1
$15.50
1
1-20
20c
1-20
12-31
25c
2-10
50C
1-13
1-13
12-23
*
\
$1.25
VXXX;
$5
$1,31'A
.
1
X 1-20
1-15
12-30
2-
2-
1-10
1
$1.75
1
1-10
2-
1
1-15
siy4c
^___™—__
2-
37 '/2C
2-
1
X 1-15
8c
(quar.)™_
(s-a)_—_
1-10
12-27
2c
W.)
(H.
Extra
1-10
12-27
25c
1-20
37'/2C
3-1
2-19
15c
2-15
2-
,
$1.50
1-31
1-14
1-15
2-
$l'/2
preferred (quar.)—„____
preferred
Button
Rochester
Co.,
(quar.)™_—
(quar.)—™™™
common
preferred
conv.
(quar.)_——
Rolland
12-31
2-15
$1'A
Investing Corp., $7 pfd.
Rickel
12-30
12-15
$1.13
(accum.)™
Revere Copper & Brass, 5'A% pfd. (quar.)™
7% preferred (quar.)™—™_________
Rheem Mfg., 6%
preferred (quar.)_____„_
12-31*
1-14
& Engineering—
Reliance Electric
$5 convertible
1-15
50C
2-
of N. J.-—
6%
preferred (monthly)
6%
preferred (monthly).
Puget Sound Power & Light, $5 pfd. (quar.)
Purolator Products, $4V2 preferred (quar.)
*; Quaker Oats, 6% preferred (quar.)_,—
Quebec Power (quar.)-™_™_™™™™__.
Radio. Corp. of America, common—________
Radio-Keith-Orpheum, 6% pfd. (quar.)____
6% preferred (accum.)™________^^™____
X Railroad Employees Corp., 80c pfd. (quar.)
Reading Co., common (quar.)™
________
'•
2nd preferred (quar.).__
Reserve
1
41'Ac
X X
1-14
1-21
1-31
held___
quar.)__+_____
Public Service Corp.
12-31*
$5c
$2
of Colorado—
Public Service Co.
12-31
1-4
1-15
shares of class B common
thiee
100
each
&
A
12-20.
1-18
(quar.)___
B (stock
preferred
8%
class
Co.,
Prosperity
12-10
(quar.).
East Dome Mines
1-15
20c
(reduced) ______
Ltd.
Preston
12*20-
XV-: $1C
(extra)___X_i'
Insurance
US
Paper, Ltd., common
preferred (quar.)_
1-10
5
1
2-15
1
1-15
1-15
12-20
1- 3
1-15
$1.75
1-15
1-31
Royal Typewriter, new common (initial) _____
7%,preferred (quar.)__
St. Croix Paper Co., common (quar.);_™™_
1-15
1-15
$1
1-15
62y2c
1-15
12-31
$3
35c
2- 1
2-1
12-31
J15c
t$iya
$1.25
1-31
1-15
2- 1
12-31
$1
1-15
1-31
1-17
$1.50
$30c
$1.75-$:■
2-15
$1.75
6%.
12-20
7 %
1-20
1-
15c
12-27
t35C
2-
1
12-31
2-
1
t25c X
r
Scott
12-15
1>31
1-28
51c
40c
1-28
1-15
7%
1-14*
1-14*
1-
preferred
(s-a)
Security Storage
Shakespeare Co,
5
—
Sheep
1-13
2-1
1-15
12-22
$1.75
1-15
1- 3
Sinclair
5c
2-2
3- 1
2- 1
1-20
Sherwin-Williams
12-15
Southern
12-27
1-20
1-3
$1
1-10
1-, 5
12-31
Extra
5%
12-31
1-15
25c
37V2c
2- 1
1-15
1-20
1-15
2- 1
2-1
2-1
50c
75c
50c
2c
25c
$1V4
$1
1-15
1-15
_
2- 1
2-1
5-1
8- 1
12-31i:
12-10*
12-31
12-30
1-11
1-15
1-15
Common
6%
•6%
Power,
Canada
partic.
Southern
preferred
New
Southwestern
Quarterly
4-21
7-22
10-20
1-15
2-1
1-15
12-31
1-21
1- 3
1-15
12-15
1-10
1-15
12-31
11-20
12-24
12'/2C
2-15
(quar.)
„
—
common
England Telephone (quar.)__
Insurance Co. (Dallas) —
(quar.)
1-15
12-31
1-15
Standard Brands,
Standard Oil Co. (Ohio), 5%
Radio, Class
(quar.)
Standard Wholesale
7%
Co.
3
12-17
3-
1
2-15
$1.75
3-
1
2-15
37'/2c
1-15
12-20
1-15
12-20
2-15
1-20
37'/2C
1-15
12-31
1-15
12-31
$20c
2-15
1-20
1-15
12-20
$iy2
1-15
12-31
1-14
1-12
35c
A
1-20
75c
1-15
1-
5
75c
1-15
1-
5
1
1
1-15
(quar.)
„—:—
2-
3-15
$1.25
1-15
12-31
1-10
12-21
$10c
pfd. (quar.) —
$1'A
$1.06'A
$1.12'/2
tlOc
—
2-
1-10
12-21
Phosphate & Acid Wks.—
40c
3-15
1-15
3-
1
3-
4
..1-
7
—
of Canada,
preferred
1
—
Common
Steel
1-
1-10
37'/2C
—
—
common——--
quar,)™
$4.50 pfd. (quar.)—
1-1.5
3
25c
X
2-
(quar.)
Squibb (E. R.) & Sons—■
$5 preferred series A (quar.)
$4.25 preferred series B (initial
1-22
1-
$$l'/2
12-31
t$l'/2
(quar.)„
(quar.)—
preferred
Class B
1-15
1-15
1-20
Life
preferred
Standard
1-10
12-23
1-25
—
Splcer Mfg. Corp.,
$3
1
1-28
$2c
Southwestern Public Service—
6 V2 %
1-22
2-
$30c
37'/2C
pfd.
6%
1-15*
10-30
2- I
2-10
$15c
37'/2c
(quar.)_
preferred A
Southern
12-31
343/ac
—
(quar.)
California Gas,
Southern
1-18
1-15
.
preferred (quar.)—
preferred C (quar.)—
5y2%
12-31
4
1-14
2-25
12'/2C
«•
—
California Edison—
original
12-31
1-20
,
Process, 7% pfd. (quar.)
Greyhound Lines, com. (quar.)
Franklin
Southern
1-
10c
$3c
$1.12'/2
(quar.)
preferred
Southeastern
3
1-15
25c
Aircraft, 50c conv.
Pittsburgh Water Co.—
4%%
3
1-
87'/2C
_——
1-12
South
1-20*
1-
$23c
pfd. (quar.)
pfd. A (s-a,)_
12-31
1
1-15
——___—
Solar
1- 3
1-13
1-20
30c
15c
25c
15c
Ltd._;
(quar.)
2-25
12-10
2-
1-20*
1-15
________—_—_____——
Corp.
12-31
1
$1
Rayon, common—
Smith (Howard) Paper Mills, 6%
1-31
1-15
2- 1
37V2c
62V2c
Oil
1-20
1-13
2-
50c
(quar.)™:
—
Canada, com. (interim)
Premier Mines,
Sllbak
1-15
of
2-10
$l>/8
50c
Mines
(s-a)
Sigma Mines
12-31
50c
Skenandoa
'
1-15
1-15
—™—__
——
Gold
Creek
12-31
$1.25
"'X
Shawinigan Water & Power (quar.)—7;
12-31
12-27
1-15
25c
(quar.) —
(Wash,, D. C.)
12-31
1-15
20c
—
& RR. (s-a)__
Paper Co., $4'/2 preferred (quar.) —
$4 preferred (quar.)
_______
Scythes & Co., common (s-a)_™
Schuylkill
2-
75c
Paper Mills,
Distillers
Valley Navigation
Schenley
4
1-25
5
1-15
$$1.75
A
(quar.)
prefe.rr-ect
Lawrence
1-
12-15
6% pfd. (accum.)
X San Diego Gas & Electric, common (quar.)_
5%
preferred (quar.)—
—
—
St.
1-3
3
$1.25
Joseph Ry., Lt. & Power (quar.).
St. Lawrence Corp., 4% conv. pfd. A (accum.)
St. Lawrence Flour Mills, common (quar.)__
1-15
12-31
—
$6.50 preferred
Brothers,
St.
2- 1
& Stores
Norfolk & Western Ry., adj. preferred
7
12-31
1-10
3-
preferred B
preferred (quar.)
1-
1-15
Power Corp. of
12-31
:x
1-12
1-10
Potomac
1-10
X. ' 1- 5 ' ;
1-4
75c
(quar.)
preferred
Cordage
Plymouth
12-31
1-15*
1-25
1-15
$2.50
6%
Tool.
Plomb
X 12-31
v
1
$2'/2
$1.10
(quar,)____
''Semi-annual
XX
1-14
;
1
2-
Pittsburgh Cincin. Chicago & St. Louis RR.—>
X .1-14
:;>
20C
j.fd.
1-25
2-
2-
(quar.)
»' $1V2
(year-end)
15c
National Steel Car, new common (initial)™
25c
New Haven Clock, 6J/2%
pfd. (accum.)
$1.62,A
New York Central RR.
(irregular)
$1
Newport News Shipbuilding & Dry Dock— '
(quar.),
$$3y2
(quar.)
(quar.)
Manufactures
12-31
$l'/2
-
National Fuel
12-31
12-31
1-15
$1%
2c
_____—
2c
—™—:—__™—2c
Quarterly
Lead,
'
—:—____
National Distillers Products (quar.)__
National Electric Welding Machine (quar.)_
National
Co., 7% pfd. (accum.)
Dairy, common (initial)™..,
preferred (initial)
Houston Light & Power (monthly)
(quar.)
(quar.)
12-31
80c
common
City Lines, class A
conv.
—_
(quar.)
Mfg.__
&
1-25
Home
(quar.)™_
;
lc
Holt Renfrew &
:
$1.50
——
5% 1st preferred (quar.)™
Inc., 6% pfd. (quar.)__.—,
National Bond & Share
1-15
1-15
$1
(quar.)__™_
25c
$1.25
(N. Y.)_
RR. (s-a)_
——
Tel & Tel.
$1'A
$1%
preferred (quar.)____™_____„_____
preferred -(quar.)—
Phillips Jones Corp., 7% preferred (acciim.)
Phoenix Hosiery, 7%
1st preferred___™____
Pick
(Albert) Co., common (year-end)
Pierce Butler Radiator (irreg.)
2c
common™.
preferred (quar.)__
National
...
Bank
Carbon & Port Carbon
States
Bottling„______
(irregular)
1-15
Roos
(quar.)_i™_:—34%c
Montana Power Co., $6 pfd.
(quar.)—,—
$1.50
Montgomery Ward & Co., common (quar.)—
50c
Montreal Light Heat & Power Cons, (quar.)
$38c
Montreal Telegraph Co. (quar.).
——
}43c
Moore Drop Forging, 6% non-cum. A (quar.)
$1.50 X
Mountain
12-30*
12-20
preferred
Industrial
1-15
1-15
XX:
4'/2%
$1.50
_
Monongahela Valley Water Co.—
7%
preferred (quar.)____—
Monroe Loan Society, class A (quar.)——:
Plan
2-15
50c
XXX 4'A%
$1.25
1-5
...
;XX;
Semi-annual
Mississippi Power & Light, $6 pfd, ; (quar.)
Moneta Porcupine Mines
(s-a)
Morris
1-15
2-15
(quar.)
Philip Morris & Co., Ltd., common (quar.)
4
1-8
12-31
51c
Midwest
1-15
(quar.).....
1-
,
;
Mill
5%%
l-.l
25c
Extra
(year-end)™—____
A
-1-17
Philadelphia & Trenton RR. (quar.)___
4
Pecroleum—
75c
...
Holly Sugar Corp., common
n% preferred (quar.)
(quar.)_._
Co. (quar.)
1-
Massachusetts Utilities Association—
1- 6
1-25
12-31
1-15
12-17
1-14
2- 4
Higbee Co.
—___
Field &
1
t$l3A
Co., common
Philadelphia Electric, 4.4%
1-10
3
1-17
2-
}25c
(quar.)
& Co.
1-
r-50c
:
Philadelphia
1-28
I
3-20
(quar.)__™_
preferred
f
;•
1- 3
1-10
7%
Davis
Parke
1
1
Associates (quar.)__™___
Products (quar.)
_____
Panama Coca-Cola
X
1-29
2-
Pacific Tel.
12-31
3-21
4-
t4c
Lighting, $5 preferred (quar.)__
& Tel., 6% preferred (quar.)—
Pacific
4- 1
*
25c
17'Ac
17J/2c
Marshall
12-31
40c
__„_™
$1.50
Pacifia Gas & Electric
12-27
Corp. (quar.)
Maritime Tel. & Tel.,-common
1-20
2- 1
1-15
2- 1
,1-11
2- 1
2-15
1-15
"
(N. Y.)—
Oil
Munising Paper,
2-15
2-15
2- 1
1-15
1-15
1-15
1-15
2-10
1-15
Mountain
75c
....
12-20
1-10
50c
•
50c
37'/2C
12-31
$1.50
Extra
6%
pfd. (quar.)
preferred (quar.).
2- 1
-
preferred (quar.)„
Marathon Paper Mills, common (quar.)
Marchant Calculating Machine (quar.)___—
Margay
Ltd. .(year-end)
.
convertible
12-31
Hershey Chocolate, common (quar.)___.____
Hercules
6y2%
$2
12-31
1-15
(quar.)
preferred
1-10
12-31
1-10
12-31
$1.25 'X, 1-10
2-, 5
50c
3- 1
3-15
- $1%
.X ,4- 1
1-15
$l»/g
2- 1
75c
1-15 X 12-17
2-11
15c
2-25
12-29
12M?c 7X1-15
9-30
20c
1-15
50c
1-15 I 9-30
12-31
37y2c
; 1-25
$1.25 X
1-15 X12-31
12-31
31'Ac
1-15
preferred
5%
Mutual
Corp. of America, 6ya%
2- 1
1-15
1-15
50c
25c
Link-Belt
1-15
$1.75
$1%
683Ac
10c
$1.62y2
$1 '/a
62y2C
$1.30
87'/aC
7?' 10c
V
& Tel., class A (quar.)___.
(quar.)
—
B
$iy2
(quar.)
7% preferred (quar.)___
7% preferred (quar.)
5y2% preferred (quar.)...
& Co.,
Times,
Class
1-15
Harbison-Walker Refractories—
Harris
(quar.)
Lincoln Tel.
J$2
—_—
preferred
.•
.
.
Sole & Heel_____
J$1.50
:
Extra
;
_*
Lexington Telephone, 5.2%
5%
Guarantee Co. of North America (Montreal)—
Quarterly
(increased)
Common
Mount
3-1
4'/a% preferred (quar.)™.
Lerner Stores,
.
1-
4-1
2-15
15c
$5 preferred
Safety Razor,
Gimbel
1-
1-15
1-20
1-15
1-15
1-14
4- 1
5c
$1.12Vb
$1
$1V4
General Mills
Gillette
12-31
1« 6
35c
_________
$4.50 pfd.
General Finance Corp.
General
(year-end)
Co.™
Electric Co.
General
12-31
50c
(irreg.)—————
6% prior pld. (quar.)—
prior preferred
prior, preferred
6%
12-31
37'/2c
37'/2c
__
Fort Pitt Brewing
Foster
12-31
37'/ac
pfd. (quar.)
conv.
Gear & Machine,
_™__
—
________—
Manufacturers Trust Co.
1
I-
1-15
20c
1-15
2- 1
1-25
75c
Tire™_n_
&
1-15
3-11
3
1-10 A
1-15
1-10
Rubber
1-20
$1.25
Colony Trust
..7%
'1- 4
1-15
7.1-15 7Xl- 5
12-31
2- 1
6c
Leece-Neville
.
2- 1
1-17
2- 1
50c
3-18
12-
1-25
1-15
1-18
1-31
1-31
1-20
1-15
1-15
1-15
1-15
(quar.)
Co., common (quar.)—_________
preferred (quar,)_
—™_ n;;:
Liquid Carbonic Corp., 4%% pfd. A (quar.)
Little Schuylkill Navigation RR. & Canal (s-a)
Loblaw Groceterias, Inc., common (reduced)
Loft Candy Corp. (year-end)
Loomis-Sayles Mutual Fund—
Loomis-Sayles Second Fund (quarterly)
Louisville Gas & Electric Co. (Ky.), com...
5% preferred ($100 par)
(quar.)X\„_____
5% preferred ($25 par) (quar.)™
Luzerne County Gas & Electric—
5'A% preferred (quar.)
—_
$1.3iy4
MacAndrews & Forbes, common (year-end).
50c
6% preferred (quar.)
™;
$1.50
MacWhyte Co. (quar.)™
25c
Mahon (R. C.) Co., $2 pfd. class A (quar.)_
50c
Maine Central RR., 6% prior pfd. (accum.)
$6
Manischewitz (B.) Co., 7% pfd. (quar.)„__
$13A
1-
1-15
40c
60c
75c
37'/2c
$1.25
25c
5c
(extra) __™—_
(Calif.) (quar.)—»
Rubber—
&
12-30
12-27 :
2-1
1-15
80c
(s-a)
—
'
(quar.)™™™--™'_L'™
Lima Cord
12-27
1-15
1-10
Lee
12-31
$1.31 Vt
(quar.)„
Steel
4
1-20
—
Ontario
12*31-
Liberty Loan Corp., $3.50 pfd. (quar.)..™;™
2- 1
:——$13A
$10c
B
1-15
^1-15
50c '6
$1.50
*2c
1-10
Dyeing—
preferred (quar.)—
Fldelity-Phenix Fire Insurance
Fund
12-21
25c
4- 1
3c % 4- 1
;
_—™
7%
Firemen's
2-10
1-15
$2.50
25c
—____
(quar.)_
7:->
12-28
1-15
preferred
preferred
1-
Class
Old
i
,
..7;25c
Mines
Lamaque
-"•"Class; A
Co.
12-31
i.j,
1
(Minn.) —
XX Extra
;
,
Dufault
Okonite
2-
$ 1.12 V2
1-28
1-28
17y2c
$1.75
(irregular)_™.__„._
preferred (quar.)__„_
La Plant-Choate Manufacturing Co.—
•'
$1 conv, preferred (quar.)
7%
Bryant,
$1
12-31
—
•
.7 $13A
Krueger (G.) Brewing
Lane
1-25
'
Supply, common..__
Kroger Grocery & Baking—
7% 2nd preferred (quar.
8
12-15
25c
_
—
_
.
Farmers & Traders Life Insurance
D.
1-
1-15
1-15
1-15
1-15
Falstaff Brewing
6%
12-30T
•
(quar.)—
,„A™™*
Corp., 6% preferred (s-a)_
Co. (quar.)
Federal Electric, $1.50 class A—
———_
Federal
Services
Finance
Corp.
(Wash.,
5%
12-31
■
(quar.)__—30c
common
Stores
.
15c
5%
preferred (quar.)
$1,25
Kennedy's, Inc., common (irregular)
50c
$1.25 convertible preferred (quar.)„__™_
3iy4c
Kentucky Utilities, 6% preferred (quar.)_
$1.50
Kingsburg Cotton Oil, common...
in'.
2c
Knapp-Monarch (special)
' 40c
Kellogg Switchboard &
1$1V,
10c
15c
(quar.)
Department
Gold Mines, Ltd. (interim)______
Langendorf United Bakeries, 6% pfd. (quar
1-28
2- 1
preferred (quar.)
j- :}■; $1.25
Ely & Walker Dry Goods, common (extra)—
$1
7% 1st preferred (s-a)
'_
—___
$3.50
6% 2nd preferred (s-a)
—
—
$3 ;;
Emerson Radio & Phonograph
(quar.)——
15c
Brothers
12-31
50c
Parker (S. C.) & Co., class A (quar.)_
V 1- 3
___*
2- 1
X' X 10c
40c preferred (quar.)
> 12-11
1-12
X:.
$1
Parrafine Cos., 4% preferred (quar.)__„___
2- 1 7 1-21*
'•■XV.
$1
Patchogue-Plymouth Mills
12-24
:'
1-15
"7 $1
Paterson St Hudson River RR.
(year-end)
1-15
2-1
Paymaster Consolidated Mines, Ltd..(interim) XVViXtlC
1-15 X 12-15
35c
Peninsular Telephone, $1.40 cum. cl. A (quar.)
1-15 : 12-15
XV
15c
7 Penn Traffic Co. (irregular)
2- 1 I' 1-18
$1'A
Pennsylvania Power, $5 preferred (quar.)__
r
1- 3
1-15
$1
Peoples Gas Light & Coke—„™„i™___
1- 3
1-15
(accum.)
Lake
$13A
& Share,
&
Kable
12-31
1-25
50c
pfd.
1-10
1-29
1-28
$5
Eversharp,
3
$1
$1.75
3-17
$1.50
(quar.)————.
$6 preferred (quar.)
preferred A
7%
5
1-
2-1
1-15
Dominion Tar & Chemical,
Electric Bond
2-
2- 7
$30c
$30c
(quar.)—--
Dominion Oilcloth & Linoleum
;
7 \
1-24
3-1
1-10
75c
15c
6'A%
$1(4
10c
$40c
7
1-
1-25
1-15
-
.
(s-a)— i__I*
participating preferred
6%
Dictagraph Products Co. (resumed)
—
Distillers Co., Ltd., ordinary (interim)— __
3
1-
2- 1
25c
$4
__™__
Alkali Co.—
Diamond
1-
2-15
1-15
$2
3-31
25c > 1-20
3c
1-15
30c'1-15
8%
3
12-31
30c
Cunningham
Detroit
1-
I"17
1-10
1-10
43%c
common-..—-..——___
7*
12-31
1-15
y )
$3.50
—
preferred (quar)-.—._/
7%
Drug Co.,
Crown
$1.75
$1
37'/2c
25c
1-
12-31
1-10
1-25
——
..
—
1-15
1-22
1-10
common
;
Kaufmann
of N. Y.—
Consolidated Edison Co.
y
2-15
preferred
$5
O'Brien Gold Mines,
1-10
2- 1
2- 1
1-15
of Canada—
Kokenge Co.„____
Julian
12-31
3- 1
rv.'
-
$50c
International Utilities Corp., $3.50 pr. pfd..
87y2C
Interstate Department Stores, common
V
25c
7% preferred
(quar.)
v $1.75
Investment Foundation,. com. (initial)™.
J25c
6%
preferred (quar.).
$75c
Jewel Tea Co., Inc., 4'A% preferred (quar.)™
$1.06y4
Joplin Water Works Co., 6% pfd. (quar.)..
$1.50
4-31
2- 1
1
i$iy2
7%
12-31
$3
■
12-31*
J$iy2
preference
preferred (quar.)
International Paints, 5%
1-14
tl2c
(accum.)
(accum.)
X Northern States Power Co.
v
convertible
International Nickel Co.
12-31
1-15
2-15
convertible
6%
12-31*
1-15
preferred
preferred
7%
12-10
1-15
„
Ltd.—
(quar.)..
preference "A" (quar.)__
(International Milling, 4% preferred (initial)
6%
12-31
$1.50
■
——
pfd. (quar.)—
Connecticut River Power, 6%
1-15
;
...
Metal Industries,
International
1-15
12-15
1-15
12-15
1-15
Y---2-.^
5%
1-28
1-14*
50c
1-15
12-20
$23
2-15 2-28
International Match Realization (liquidating)
1-15
6%
20c
37V2C
(quar.)..
'
1-14
Northwestern States Portland Cement (quar.)
V
preferred
partic.
1-14
common...
(Del.)
Northern States Power
5
$2c
(quar.)
Stock dividend
1-15
1-15
5c
75c
—————
,
(N. H.), 7%
Concord Gas
1
1-
$1.25
(s-a)•
International Business Machines—
"
2-
3Uc
12-31
$1.75
preferred (quar.)
Northern Pacific Ry. (year-end)
Powders, Ltd.—-
Bronze
Power,
1-10
2- 1
1-15
$1.25
International Harvester Co., common (quar.)
1- 6 v.
1-20
1- 3
12-20
1-15
2- 1
1-15
1-15
America
Ontario
Northern
12-31
$1.50
5 V2 %
6%
Extra
9-14
0%
1-15
$1.37j/2
preferred (quar.)_
preferred (quar.) ___________
preferred (quar.)____—
7%
Corp.—
...
of North
Ry.
6-10
7- 1 '
$2
(s-a)
gtd.
...
International
(
,
2-15
12-30
50c
Resumed
Insurance Co.
2-15
5-15
8-1511-15
3- 1
4%
$5 preferred (quar.)..
,;
Indianapolis Power & Light, common
Inspiration Mining & Development Co., Ltd.—■
n~i4
10-14
$1'A
SI1/*
$1^4
$1'A
•
——
12-31*
3- 1
1-15
$1
.
••->X
Indiana Associated Telephone
Pacific Ry.—
Texas
&
s—
™T
—
preferred
5%
—————
—___—_
....—...
pfd. (quar.).
(accum.).
of Ree.
Payable
$2
(s-a)—_—
Northern Indiana Public Service—
Northern Central
12-31*
1-15
1-15
$1
$iy4
$iy2
(quar.)—
Holders
When
Per
share
Name of Company
of Reo.
Payable
Share
.
Investing Corp., $7 pfd.
Leased Lines,
12-31
$1
$1.18
$1.25
15c
$1
25c
.
/
Illinois Central RR. Co.—
17c
(quar.)—
(quar.)—
Power, 4%% pfd.
Central New York Power, 5% pfd.
Kansas
common
preferred (quar.)..
5%
Hutchins
;
_™_™„__
7
Hummell-Ross Fibre Corp., 6%
1-15
$5.07
interest™——
Central Hudson Gas & Electric—
Common (quar.)
Central Investment Corp.™™^_
Central
1-10
12-31
1-20
1-15
of Company
Household Finance Corp.,
(liquidating)
Coal
Central
$1V4
37'/2c
(quar.)—
Clinchfield & Ohio .Ry.
Carolina
Central
"
Payable of Reo.
share
Name of Company
"
hume
Holders
When
cer
Holdert
When
Per
Monday, January 10, 1944
CHRONICLE
common
(quar.)
$75C
(quar.)
,
—
2-
1
$75c
2-
1
l->1
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4245
159
Holden
Per
Stanley-
(John B.)
8%
Co., common (resumed)
2-15
50c
$1
50o
12%>c
1-15
1-15 "
2- 1
1-15
2- 1
1-28
1-28
1-28
1-15
1-20
-
__
(accum.)—,,;..
St.ott Briquet, $2 conv. pfd. (quar.)
preferred
Sun
Industries
Glow
Sun
Oil
Extra
6%
;
$1.12!/2
(quar.)_—_
—
—
—
preferred
■
(quar.)
Co.,'1'/a% class A pfd.
SUn Ray Drug', common (quar.)
.
Payable
3XV4C
Works. TThe), 5% preferred '(quar,),.
Stetson
When
thare
Name oJ Company
(quar.)—'
Superheater (quar.) —_
!——__—
Super Mold Corp. (Calif.)
(quar.)—•
Sylvanite Gold Mines (quar.)—————i.
Tacony-Palmyra Bridge, 5% pfd. (quar.) —
Tech-Hughes Gold Mines, Ltd.• (interim)—•'!.'"
20c
20c
37.Vfcc
25c
./ 50c
1-15
2- 1
2- 1
2- 1
2-15
1-15
1-15
2"J°
' 1-15
13c
$114
tlQc
Water, $6 prior preferred (quar.)—__
$lVa
Mfg.; $3.60 preferred (quar.)—90c
Towle
Manufacturing
(quar.)——_——
$1.50
Texas
Thatcher
Tuckett Tobacco,
Oil
Union
United
&
preferred (quar.)
Ltd., 7%
California
of
Bond
United
Share,
'
(quar.)
$$1.75
25c
t35c
•
.
.
(irreg.) __—.—1*.-
Ltd.
Cigar-Whelan Stores—
(accum.) ———A;.—- ■.
Fruit
United
Co.
United Light
•7%
(Del.)—
(monthly)
—r
(monthly)————
prior
preferred
7%, prior
preferred
1
1
1
1
3- 1
'
„_
.
.
,,
Foil Co.,
U. S.
preferred
7%
*514%
*
Extra
——
Convertible partic. class A (irreg.)
U. S. Plywood Corp.,
U.
5-15
1-20
50c
SOc
;
•
v
preferred
(quar.)
—$1.25
•
7-15
6.4%
5-.1
37Vic
8- 1
common
Warren Brothers, $2.50 class B
(s-a)——
$1%
—■
•$1.35 class'.A (s-a)-,—————.—i-
v
!_—
Washington Ry.; & Elec., 5% pfd. (quar.)_i_
preferred (quar.)—,
:
5% preferred (semi-annual basis)-.——-,
7% preferred
Co.—«.
7%
West
1
7%
Manufacturing
preferred
414%
drocers Ltd.,
Western
preferred
preferred
(quar.)—
Western Pipe &
(quar.)—
'
6%
Stock
Water
Wickwire
Spencer
4. Stock div. of
l
$6
preferred
Winters & Cramplon
Other
Total deposits
conv.
7%
conv.
preferred
preferred
7%
conv.
preferred
(quar.)
Capital Accounts—
6%
(Wm.)
Jr.
teller's
Ltd.,
Extra
:
6%
Co.,
30%
Jamaica
$Payable
-
in
1-15
resident tax,
15% ;
+
—170,944
,-•'«
62.4%
,j. 1-
+
.
.1%
71
EXCHANGE
RATES
CERTIFIED
14.8%
2,384
—
BY
Time
,
a
2-15;
;
159,
p.
Debits
•Net
1-15
2- 1
2-1
-
1-19
"
*Dec.
2-
$3714c
•"'•••
_
50
cents
1-15
42
+
5,638
514
—117
549
+
824
114,
v
—
14
89
17
113
except
accounts,
accounts
Gov't
12,183
1
(Chicago District).
/
1-15
...
.297733*
.297733*
.251247*
.251247*-
3.228000
3.228000
3.228000
.060586*
.060586*
.051275*
.909090
.909090
.909090
.895468
.896875
4.035000
4.035000
v+"! .301215
.301215
,205820
.205820
.205820
.909090
Y?Yl:
•
.909090
.909090
4.035000
.301215
4.035000
HOLIDAY
■
.572766*
.572766*
.572766*
.572766*
.051275*
.909090
'
.897656
.896953
.060586*
.051275*
.051275*
.
•
.060586*
.
Y. V.;J;
-
.301215
.205820-
<
:
.909090
.892500
.895000
.894375
.892916
3.244203
3.244203
3.244203
3.244203
1.980000
Africa, pound-
.894375
.244203
pound
3.980000
3.980000
3.980000
3.980000
'
'
.658300*
.658300*
.658300*
.658300*
.529520*
t
.658300*
!_.
;
.529520*
.529520*
.529520*
.529520*
....
rate.
on
the
cumulative
$4
convertible
preference
stock,
25
no
in addition to the usual quarterly dividend of 50 cents per
$2 prior preference stock, par $20, both payable Feb. 1
to holders of record Jan. 25.
Like amounts were paid in each quarter
the
on
during
paid
Dec.
on
Dec.
on
28,
1940.—V.
16,
1942, 20 cents
158, p. 2397.
on
Dec.
23,
1941,
and
15
-
preference stock amounted to $50
Arrearages on the $4
1943.
cents
cents
value,
share
share as of Nov. 1, 1943.—V. 158, p. 1579.
Woodall Industries, Inc.—EarningsYears Ended Aug. 31—
1943
profit from sales of manufac¬
tured products
_!
$17,308,444
1942
1941
Gross
$1942
Dividend—
,
1941.. '
$133,821
* $132,576
$72,906
$0.07
$0.15
:••>
'%V
.
39,256
The company on Dec.
the common stock,
on
Distributions
of common stock.—
of
156,
25
p.
share
1943.
22, 1943 paid a dividend of 15 cents per
par
2312.
to
$5,
each
cents
holders
were
made
of
on
record
June
Dec.
and
30
15,
Dec.
22,
■•,"'••■•!/
'•''!.■•■>
Vi:
Wickwire Spencer Steel Co.—Officials of Subs.—
L.
D.
1943—9 Mos.—1942
$$35,473
$350,223
Nil
Nil
$0.53
Granger has been elected
Corp., a subsidiary,. G. H.
Vice-President of American Wire
Greveling has been appointed as
Secretary,—V, 158, p. 2623.
1942
after
the
company
common
Portland
on
Dec.
$794,742
334,510
$846,195
Operating profit
Profit
$161,380
$460,232
Total
other
——J
for
31
Cement
paid
a
155,906
179
■
,
,
$153,202
$616,317
55,000
237,750
$98,202
30,000
$378,567
45,000
$0.75
$0.33
$1.26
46,966
post-war reconversion
plants
•Provision
and
—
expense
Provision
of
1,845
$859,453
income—
income
Interest
13,258
sales of purchased merch.
on
Miscellaneous
50,000
—.—
for Federal income taxes
—$533,050
profits
taxes
Miscellaneous deductions
excess
—
3,934
Z5
1943
charges and taxes__„—"
$68,413
$64,177
tEarnings per common share
—$0.26
$0.24
•Includes, provision for Federal taxes amounting to $64,000 in 1943
and $88,000 in 1942.
fOn 263,000 shares.—V. 158, p. 1678. 1774.
profit
Wolverine
account of
Co.—Earnings—
Quarter Ended Nov. 30—
•Net
$3,856,552
3,695,172
BrlO,023
16,462,249
admin, and gen. expenses—
—
Wilson-Jones
The
share has been declared on
Selling,
.
$94,565
$0.31
shares
$
«
.251247*
■
3.228000
.909090
•Nominal
per
$
.297733*
.297733*
.251247*
.205820
Noncontrolled
par
Jan. 6
Jan. 5
'S, .V.
.
income tax.
1930
New York
Jan. 4
Jan. 3
.301215
(British), rupee.
Controlled
.'V
$118,219
45,313
;
Bapk is now cer¬
in the different countries of the
$
.895000
...
Free
$26,340
652
435
—
-.290
8,592
—------
.909090
New Zealand,
Nil
per
S.
.060586*
...
—
Official
Accrued Dividend—of
8
—
527
+ ;
•
Mexico, peso
depreciation, interest and Federal income and excess profits
sand after deducting 21,952 for wage adjustments as ordered by the
War Labor Board retroactive to April 5, 1943 for the
1943 quarter
period.
tOn 346,742 shares.
$Loss.-
dividend
9
923
Newfoundland, dollar—
•After
A
deposit
U.
figures revised
Jan. 1
.035000
.1-15
1
2- 1 '
••"
Less British
$Ofi 247,500
-
22
.572766*
India
1- 4
1943—3 Mos.—1942
■'
—
RESERVE BANK TO TREASURY UNDER TARIFF ACT OF
INCLUSIVE
FEDERAL
England, pound sterling
|$33,706
!_
and
week
during
.228000
:
Free...!
Fabrics
Sept. 30—
179
—
31, 1943 TO JAN. 6, 1944,
Colombia, peso.
12-31
1-15
' 1-20
..
profit
12
40
Canada, dollar—
1-15
|
2- l
$20c
1943
tEarnings per com. sh/_
demand
to
Interbank
Wliite Sewing Machine Corp. (& Subs.)—Earnings—
Period End.
—
—
139
—
.297733*
:
Treasurer and Franklin Baldwin as
;
~l
+
-———
.051275*
Official
77,862
52.
4,658
—
+
,
..
Foreign banks
.251247*
-
;
Free-.—
1942.—V.
.v.
3,792
551
+
•'+
...
Borrowings
!■•>■ $
Australia, pound
1-31
4-29
7-31
5-15
8-15
1-31
$210,438
taxes
tRevised.
+
7.
6,155
Brazil, cruzeiro—
$1.1214
$$1.75
50c
dividend.
9 Mos. Ended Sept. 30
charges.
+
13
+
548
"••, 7,295
—
■
Corporation and
...—
94
—
33,895
-
—
banks
Domestic
Whitney Blake Co., New Haven, Conn.—Pays 15-Cent
•After
deposits-adjusted
deposits
U. S. Government deposits
Interbank deposits:
'
Dec.31
Canadian non-residents' tax.
tax deductible at the source.
Non¬
Net profit
'tEarnings per common share—
—
—
Noon Buying Rate for Cable Transfers In
Value in United States Money
Argentina, peso-
White Rock Mineral Spring Co.—Earnings—
V
—
securities
Uruguay, peso—
before .taxes-
—'
40
—2,786
Reserve with Federal Reserve Banks
i.—
8,776
Cash in vault
601
Balances with domestic banks.
2,163
(Continued from page 116)
Federal
bonds..
Obligations guaranteed by U. S. Government
5,472,235
Country and Monetary Unit
Investment lews
♦Profit
S.
....
10
180
21
+
3,238
8,750
4,720
17,643
1,758
indebtedness.....
certificates of
91
+
—
—-1,347-
Treasury notes
8
accumulations
general
174
—
—"48
63
requirements of Section 522 of .the Tariff Act of 1930, the Federal Reserve
DEC.
tax.
7%.
+
25
+
556
1,108
—
—
;.+i;^;
9,509
FOREIGN
1- 3
$20c
resident tax,
478
—
....
tifying daily to the Secretary of the Treasury the buying ratd for cable transfers
world. We give below a record for the week just passed:
,
this
+
purchasing or carrying
banks
to
Treasury
136
12,037
—
133
65
518
Foreign Exchange Rates
1-10
1-15
25c
funds,
•
+
estate loans
Other
1-10
$114
for
+
,V.r
3-22
2- 1
2-1
4
18%c
—18%c
pfd.
closed
;
49
Treasury bills
27,686
„
indus¬
Pursuant to the
12-31
1-15
—
Canadian
+
$290,000,000 in demand deposits-adjusted, and $117,000,000 in deposits credited to domestic banks, and an in¬
tPayable in U. S. funds, less 15%
;
136
30,758
+
—
Official
income
not
+
weekly reporting member
banks of the Federal Reserve System in 101 leading cities
shows the following principal changes for the week
ended Dec. 29: Decreases of $158,000,000 im total loans,
1-12
(quar.)——__——1.'^
books
27,686
+
34,081,123
-
6,437
1,328
—.JDlher. .loams.
188,097
26,965
60,151
accts.
for
securities
Loans
.1H936.
+8,265
+
12-30-42
and agricultural
industrial,
loans
Real
The condition statement of
1
4
'Transfer
to
Other
+5,423,769
—216
—158
brokers and dealers in securities
Loans
Condition Statement of iembsr Banks
Union of South
xLess
'
12-22-43
10,839
•
J
loans
-';•' 2,174
12-29-43
49,734
;
—
Commercial,
285,494
+
-169,006
t
Liabilities-
2- 1
■>
preferred
+
4,781
demand
to
dollars)
millions of
investments—total.
and
Loans—total
Demand
1-17
1-17
12-20
4-1
^'';,$1%
(ouar.)_
common
Assets—
Loans
405,449
+
71,304
—
debits
of
Increase ( + ) or
1,197
—
and
Decrease (—) Sine#
;
12-15
12-15
•
common,—,
Machine
of the principal assets and liabilities of
(In
..
make
to
Free
-
summary
member banks,
deposit accounts, follows:
578,007
+
33,650,974
advances
Official—..
(quar.) —
Wood (Alexander & James), ,7% pfd. (accum.)
Wrigley
trial
1-3
preferred (1897) (quar..)-—
Yates-American
Commitments
1- 3
(quar.)—
&' Elec., 414%
A
reporting
688,222
+
24,327
—126,223
5,375
in—-*«««
Surplus
(Section 7—
Surplus (Section 13b)
Other capital accounts
1-25
Wisconsin Electric Power—
Wisconsin Gas
v
—
+
—131,932
—
1,422,817
accrd.; divs.. >.
Capital .paid
;
,
1-15
1-15
't. 18%c
(quar.)_
availability items!
1-25
J
banks.
861,977
—
197,469
+
15,314,673
...
Total liabilities
—167,433
371,025
-
$1
(accum.)
7%
.••'4
961,279
1,380,613
Foreign
shs. held. '8%
Corp.—-
-+4,730,652
U. S. Treasurer—gen. accts..
"
..
(year-end)
Steel
33,302
+
12,601,756
1- 3
1-19
2-15
2-15
1-15
:i
$1.75
(quar.)—
sh. for each 1214
+5,472,235
16,908,109
.
5-15
$3
preferred
7%
Co.,
Wilson & Co.,
,
••
,
(year-endi
preferred
Wichita
Yards—
-170,944
34,081,123
—
F. R. note liabilities combined
:.2-14
35c
$114
$$1.25
$114
5% pfd. (quar.)
Weston (George) Ltd., 5% preferred (quar.)
Westvaco Chlorine Products, $414 pfd. (quar.)
Union
assets
Total liabilities & cap.
4
5-31
t$1.75
— _.—,
Steel (Calif.), 7% pfd. (s-a)
Western Tablet & Stationery,
Wichita
1
'
tl5c
—
27,911
+
Ratio of total res. to deposit &
.2-15
5-15 £
5-15 >■
' 2-29
$1.50
$1.75
$l'/e
(quar.j——_
common
4,079
3,268
62,108
U.
1-31 ;.'"^;i-15
1214c
(quar.)—
preferred
27,908
636,934
3,120
+
;
$139,000,000.
was
,) $1.75' ,,8-31' ' 8-15,
—
(quar.)—
West Penn Power,
7%
6%
6-
^
$1.75
$1.75
•'
(quar.Lu,-,-——
Penn Electric,
5,751
...—
1-25
1-25
M
7% preferred (quar.)—
>
Wentworth
2-1
2-10
2-10
3- 1
6- 1
$24.59
preferred (quar.)——-,-'—
7% preferred
2-1
$1.25
$1.25
$2.50
(accum.),
4-10
1-15
1-15
1-15
2- 1
37V2C
$1.25
$1.1214
—
:4 5%
Grape. Juice
banks
Deposits credited to domestic banks declined $45,000,in the Chicago District, $40,000,000 in the Kansas
City District, and $117,000,000 at all reporting member
000
95,153
Member bank— reserve acct._
3-10
4-20
\
$114
6.7 $C.
'
Welch
+5,642,534
89
88,437
F. R. notes in act. circulation.
1-1,2
1-15
3-20
$114
(irreg.)——»
Webster-Eisenlohr,
+5,618,361
34,139
$53,000,000 in the Cleveland District, $44,-
City,
Chicago District, and $290,000,000 at all reporting mem¬
ber banks. United States Government deposits increased
in all districts and the total increase at all reporting
^Liabilities—
7-15
•
35,642
+
2,103,305
—,
assets
Total
4-15
•
+6,009,424
35,200
Items
premises
Other
5-25*
37'Ac.
Washington Gas Light
$5 preferred
(quar.).
$4.50 preferred (quar.)
43,221
136
of other banks
notes
Uncollected
.
Virginian Ry.| 6% preferred (quar.),
6%
preferred (quar.)——
:7% preferred (quar,)
000,000 in the San Francisco District, $41,000,000 in the
securities,
foreign banks
from
F. R.
12-30
Co.,
+1 436,300
11,691,500
Other liabs., incl,
6-10
40c
preferred A (quar.)—v—:—.—
Stockyards Corp.—
'.
conv.
Vulcan Detinning
York
667,159
70,150
7,713
11,650,531
Deferred
1-15
2- 1
2- 1
70c
and
160,204
1,000
+
677,900
6,862,954
—
S. Govt,
•,
preferred (quar.)——
——
17VaC
Universal Leaf Tobacco, common (quar.)—-; y
$1
"'Vertientes-Camaguey Sugar
,
' 20c
x
——
U.
12-31, :
12-31
1- 3*
4- 3*
7- 3*
,
4-15
United
•
2.477,300
member
1- 5*
•
,
-
—
;
;
2,142
.
,
guaranteed
Due
.
1-15
(quar.)—:————/!y $1.25
'--$5
—
direct
.1 1-20 v<•••• 1-15*
:.y 1-15*
12-10
4-10
i 1-10
preferred
$5
.
Total bills and securities
Bank
■
2- 1
50c
_
Smelting Refining & Mining—
S.
Common
Bills
"Total
31
+
1,632,377
Certificates
26,315
+
all districts, the
+
:
12-31
(reduced)
1
!—50c
.'1-15
7% 'preferred .(quar.) —r—. •• X": 8714c+X 1-15
U. S. Sugar Corp., $5 preferred (quar.)—$1.25
1-15
1
Bonds
Notes
69,812
—
10,169
V
securities
principal decrease being $24,000,000 in the Atlanta Dis¬
trict; the total decrease at all reporting member banks
was $94,000,000.
Demand deposits-adjusted declined $75,000,000 in New
Deposits:-,
_
common—
30,800
direct
Govt,
cates of indebtedness declined in nearly
28,855
.+
2,540
discounted
securities,
and guaranteed:
12-20
1-10
class A (irreg.)
U. S. Leather Co., conv. partie.
S.
69,812
—
in
in the Chicago District, and
$40,000,000 at all reporting member banks, and declined
$38,000,000 in the Cleveland District and $20,000,000 in
the Kansas City District.
Holdings of Treasury certifi¬
803,240
discounted—
Total bills
U.
12-31
2- 1
2- 1
30,800
dealers
and
New York City, $24,000,000
23,585
—
.
Industrial advances
-
,
(quar.)—
:v25c
..———:Y.. : 25c
U. S. Industrial Chemical, common
•
$1.75
'
>
,
(quar.)„.L;
preferred
conv;
bills
Other
3-15
6-15
1-15
68%c
(accum.)
Hoffman Machinery—
S.
U.
25c
—
————_
—
*'
47,551.
—
219,043
—
by U. S. Gov't obli¬
gations, direct & guaramt'd
3-15
—,
20,100~437
reserves
Secured
^
.
"Extra
21,838
brokers
to
$57,000,000 in New York City and $65,000,000
at all reporting member banks.
Holdings of Treasury bills increased $63,000,000 in
998,698
+
32,796
-f
Bills discounted:
2-15.
.3-15
1-15
,.2-15
—.
—102,185
+
Total
2-15
3-1-5
1-15.
-
4- 1
*;f 2- 1
.',3- 1
,6% prior preferred (monthly)
:•
- 50c
* 4- 1^
United Merchants & Mfrs.—
\!:'v-'
5% preferred (quar.)__„„ A——„——— •
$114
4- 1
.5% preferred (quar.)——————————
$114
7- 1
United N. J. RR. & Canal (quar.)—^
$2'/a
1-10
U. S. Fidelity & Guarantee (Baltimore)
" "" 25c
1-15
;
19,512,580
cash
Loans
declined
Jan. 6,'43
and
336,566
1-17
12-23
2342-
58V3C
58'/he
.
.
hand
on
251,291
""
7%, prior preferred (monthly)58VhC
6.36%
prior preferred (monthly)-^——?—
53c
'6.36% prior preferred (monthly)
53c
6.36% prior preferred (monthly)—
53c
6% prior preferred (monthly)
:■• 50c
^6% prior preferred (monthly)-4———-—!:••;'!!
50c
.
certificates
Other
1_1?
& Railways' Co.
ber banks.
(—) Since
due from U. S. Treasury
Government
States
industrial, and agricultural loans de¬
$20,000,000 in New York City, $11,000,000 in the
Chicago District, and $49,000,000 at all reporting mem¬
Dec. 29,'43
Redemption fund—F. R. notes
United
Commercial,
Increase ( + ) or Decrease
Goid
in
clined
dollars)
Jan. 5,'44
Assets—
•
(year-end)
thousands of
(In
$139,000,000
deposits.
Reserve Banks Combined
12-31
2- 1
1-15
$1.25
75c
preferred
$5
1-29
12-30
12-30
1-20
12-31
1-10
1-15
1-15
1-15
1- 5
; 1- 4
11-15
,
12-17
12-31
1-17
■
1-31
1- 8
12-31-
of
crease
Statement of Condition of the 12 Federal
of Reo.
147
Co.—10-Cent
dividend
of
Distrib.—
10 cents per share on
stock, to holders of record Dec. 28.
This compares with
Net
profit
Dividends
-
paid
—.
—
on
common
stock—
$225,501
150,000
Earnings per share on 300,000 shrs.'
common
stock
($2
—
$92,150 in 1941 for Federal excess
tAfter deducting $45,450 for post-war refund of excess
•Includes' $454,500
profits taxes,
profits tax.
par)
Note—Provision for
in
1943
and
depreciation amounted to $84,991 in 1943, $71,069
1941.
in 1942 and $57,524 in
J—
V
y-v
Balance
6 Mos. Ended
savings
bonds, $58,208; trade accounts receivable (less reserve of $6,000), $774,204; unbilled costs and fees, $2,883,394; amount receivable ffom De¬
fense
Plant Corporation, $60,323; inventories, $466,154; investments
and other assets, $140,925; property, plant, and equipment (less reserves
for depreciation and amortization of $464,544), $702,585; patents, $1,
prepaid taxes, insurance, and other expenses, $102,493; total, $6,936,535.
Liabilities—Notes payable to bank, $2,500,000; accounts payable and
accrued
expenses,
$2,162,324; Federal taxes on income (est )
(less
United States Treasury«tax notes to be applied in payment, $225,375),
$422,341; reserve for post-war reconversion of plants, $50,000; common
stock
(par $2), $600,000;
capital surplus, $137,543; earned surplus,
hand, $1,748,248; U. S. war
$6,936,535.—V. 158, p. 2298.
$1,064,327; total,
YVieboldt Stores,
c
Years Ended
Operating profit
rent, and other income
General
34,365,800
.
refinancing
of
Amortization
deductions
Other
;
—
Federal normal income
common
•:
Cr6,785
$263,148
219,773
131,755
:
—
—
378,624
18,142
43,954
,,,
$201,051
Earnings per share on 263,510 common shares.
$2.48
$0.52
♦Including provision for depreciation and amortizatioh of $162,968
in
1942
and $325,671 in 1943 and including initial contribution of
$125,000 in 1943 to the Wieboldt Employees' Retirement Income Plan
$460,299
—
-—
-
'
Fund.'
•<
July 31
•
^42
$697,199
56,300
Assets—
Cash
bonds
War
S.
U.
$987,968
banks and on hand——————
In
and stamps
——;
indebtedness—'200,029
Accounts receiv. & installment contracts (net)
896,628
1,029,789
Merchandise- inventories ————————
5,907,467
6,437,035
Investments and other assets
—- • $ 390,736,/!,
226,428
U.
equipment—-—
property and
♦Store
charges'
Deferred
Total
'
certificate of
Government
S.
8,049,377
267,186
8,197,750
—
300,117
—•
$16,880,694 $16,763,313
—
——
Liabilities—
■
banks—$1,200,000
•
1,784,140
$1,550,000
1,526,803
62,000
385,891
254,305
115,000
366,073
519,011
2,665,000
2,675,000
—.—43,167
———,
," " 18,201
$5 cumulative prior pfd. stock (no par)..——
1,454,800
6% cum. conv. pfd. stock (par $50)———
2,931,125
Common Stock (271,443 no par shs.j—.
3,391,538
75,452
28,276
1,564,400
2,931,125
Notes
to
payable
payable
Accounts
Dividends payable
—————_
Accrued Federal, State
First mortgage note
Long-term
Reserves
(net)——
L
(current).
indebtedness——
■_
—'
———
—
75,000
.
Deferred
income
..
3,391,537
.■■
145,610
156,795
surplus2,551,241
surplus—
Capital
Earned
Cost
and local taxes——.—
taxes on income
Federal
of capital
2,090,942
■
Drl32,507 • Drl75,920
stock in treasury—————
$16,880,694 $16,763,313
—
♦After reserves
p.
of $3,697,807 in
960,085
68,974
1,267,795
72,580
617,004
70,185
,
Brake
develop,
post-war reconversion of plants.
written
1——
paid
Loss
uncollectible
on
r_.
of
mileage during
Consolidated
Cash
in
and on hand——
officers.
from
of
.
materials
Prepaid expenses
Security investments
U, S. securities
1942 and $3,836,503 in
1943—V, 153,
supplies
■___
_
51,454
38,026
,
refund of
Goodwill
and
♦663,472
excess
permits—:
$4,911,254
—
—
,
of
1
1-_
1
:tiabllitieis-»r:•
payable
'
Accrued
Accrued
Canadian
$1,400,000;
debt,
taxes
184,004
—
!——
income
_
$16,017,373.—V.
than
taxes
on
for
reserves
—
—-—
158, p. 2298.
profit
(Earnings
♦After
for
1943
E.
165,000;
2,534,290
secret
——————„n_
♦After
112,788
10,407
$3,545,230
duced
1944.
year
Yazoo &
Gross
Net
Net ry.
—
railway—
oper.
income—
From January
$2,012,146
533,393
1,026,281
599,486
307,883
31,975,705
18,075,818
6,479,153
4,156,360
13,997,583
1,497,869
>
12,135,155
;
a.
.
.
public acceptance of the company's recently intro¬
Hearing Aid has justified the management's
Radionic
war
through
the
Zenith
been
its
a
hearing aid,
hearing aid.
organization.
are
for
submitted
the
78%
over
have
not
®
herewith
company's progress
figures
of
radionic
afford
to
is marketing its hearing aid to optical outlets through
distributor
regular
extent
low-cost
able
The company
The
15,786,046
,
states;
high rate output of vital and highly
Additional orders are being received for this
its
place
the
effort
heretofore
1—
33,722,580
Net from railway—12,906,641
Net ry. oper. income—.
5,184,528
—V. 158, p. 2397.
'I i
to
after
chased
$1,414,497
832,730
$3,284,856
railway—
from
1940
" 1941
1942
1943
$2,907,672
1,030,925
226,613
$1.53
—
this important instrument on the market now instead
as originally planned.
The benefits accruing to the
the introduction now of this hearing aid are con¬
sidered highly important.
Many people are now being employed after
being furnished with our hearing aid.
Of the people who have pur¬
of
Mississippi Valley RR.—Earnings-
railway
from
from
low-cost
decision
war
November—
$2.14
in
the
out
158, p. 1079.
for depreciation -of $1,337,650.—V.
reserve
$2.64
a large part of which has been developed In whole or in
the company's own laboratories.
It is expected, if the war
continues, that the present rate of production will continue through¬
part,
$4,911,254
$754,533
excess
continuing
equipment.
war
$1,055,706
equipment,
—.—
■
is
company
395,540
$1,300,121
taxes and reserves, but before provision
profits taxes., (On 492,464 shares of
excise
and
$1,150,073
954,403
share,
common
income
McDonald, Jr., President,
F.
The
\
per
depreciation,
$2,010,109
2,072,787/
———
Federal
re¬
stock
total,
1941
1942
1
■
$3,372,908
profits taxes-.,
capital stock outstanding.
/V
$31,968;
-
31—
exc.
The enthusiastic
Total
amount
$967,622),
(& Subs.)—Earnings—
profit——
Net.
236,844
*
of
insurance,
compensation
and
.
119.979 !'
———
surplus
Earned
(less
notes
income
bank, $2,000,000; trade accounts, $1,192,15, 1943, $408,658; salaries and wages,
on income, $193,586;
miscellaneous,
income (estimated), $26,263; long-term
♦Operating-
349,400
1,100
_
_
—
Capital surplus
on
taxes
Zenith Radio Corp,
9,849
35,035
" 1,925
Reserve for self-insurance—165,000
Common
stock. ($50 par)
2,742,700
Treasury stock —Dr222,910
Deposits (tenants and employees)—
1943,
1013
post-war reconversion of plants, $150,000; capital
shares no par), $5,439,967; earned surplus, $4,485,460;
(408,658
95,131
,
allotments for U. S. savings bends.
23,736
Liability for unredeemed cab scrip
—34,146
Reserve for Federal inc. and exc. profits taxes f
1,356,452
Employees'
Deferred
taxes
in
in 1940.
tax
Treasury
$448,056
to
81,
July
for
serves
$186,387
45,813
$164,394
104,984
salaries and wages—-—,
Sheet,
Federal
for
Federal inc.
Accounts
408,658
$1.19
1943,
Canada
other
6 Mos. End. Oct.
i—1
Total
$488,158
204,329
dividend payable on Aug.
taxes,
$3,545,230
_____
__
balance unamortized—
Commission on sale of capital stock
Franchise,
Dominion
$180,851;
1,370,618
208,515
225,000
profits tax.—_
liability
amounted
and $229,716
S.
U.
$3,432,179;
from
1941
Balance
in
$14,947
of
depreciation
for
$386,936 in
1942,
$507,877;
900,983
114,500
1,370,618
192,778
* 225,000
equipment—
plant and
Property,
Post-war
.
408,658
$3.35
408,658
$1.15
deductions
Liabilities—Note payable to
742;
41,783
12,900.
27,250
1,082,138
13,850
28,206
•
—
$1,368,248
408,658
—^
^606; investments and other assets, $52,554; property, plant and equip¬
ment (less reserves.for depreciation of $3,532,869), $5,464,862; garment
hanger patents,
$73,750; other patents and good will, $1; deferred
charges, $476,017; total, $16,017,373.
-
41,297
24,862
.
life insurance policy—
deposits——
other
and
1942
$409,565
,
'
Cash -surrender value of
Insurance
'
30,784
2,003
249,671
,.
—
i—.
—_
(net)
in
deducted
223,950
'
„
_
.
and
——i
Cr8,911
bonds, $90,771; trade accounts receiva¬
ble (less reserves of $67,099), $3,086,148; amounts receivable for plant
facilities acquired under war contracts, $626,106; inventories, $2,680,-
1943
$858,999
48,263
/
—
—
198,682
—
.
$470,710
408,658
$2.03
par)
Consolidated
July 31
Sheet,
Balance
receivable——!—
Inventories
(no
miscellaneous
Note—Provision
$493,272
$34,378;
,
banks
Accounts
Due
K 162,294
the basis of antici¬
on
.
$827,727
408,658
Assets—Cash,
taxicabs is provided
their estimated life.
Note—Depreciation
34,206
(1,058,517
252,025
.
——
share
per
post-war refund
profits taxes of $114,500.
of excess
pated
158,409
'
§997,396
etc.
tax,
<
;
65,842
.
$5,102 in
1942, $7,217 in
1941 and $9,366 in 1940.
(Includes excess profits
taxes of $475,406.
§Includes excess profits tax of $300,000.
♦175,000
(After
$53,900,
of
—
'
profit*..
paid
Earnings
$235,897
-
122,033
;
taxes
profits
excess
4,859
650,000
$335,306
...
Shares of common stock
15,737
$246,698
(1,210,500
paid
♦Includes
Fed.
for
(Includes
____________________
—
^ >!'•///^
on
outstanding
■
150,000
■
.
Dividends
and excess
taxes
profits
635
'
;
expenses
off
Foreign exch. adjust.—
$431,494
15,737
2,394
accounts.;.—
1,780
—15,737
•••"/•
•••
disposal..-- of
equipment v
Loss
$348,006
84,01483,488
franchise-..
of
Amortization
95,517
•.
for
$829,057
$913,071
charges
Prov.
Net
Gross
Total
,.
$1,500,943
»- 64,774
$1,565,717
„
.
Sheet,
Balance
7,778
$1,365,119
301,943
i.'
Assets—
Balance
32,097
$3,867,189
197,980
incoms
Total
Dividends
411,773
$902,887
91,060
stock
342,812
255,396
Net -income
year—Cr43,550
profit
——
$5 cumul. prior preferred stock dividends
G% cumul. conv. preferred stock dividends--—
on
75,770
$1,751,794
(Interest
3,703,768
273,114
15o'cic
Net
Dividends
$748,842 v
$2,367,312
expense--—2,685i
1,312
1,352,767
prior
397,578
licenses-—
profit
income, net—-'.
Other
$650,133
98,709
and excess profits tax—r
Overprovision of taxes for
6,420,142
395,118
472,222
Operating
$14,275,213
13,625,080
$2,124,527
242,784
—
___
31,751
Prov.
_—
______:—
6,775,312
___
expenses
and
'
1941 :
$4,824,812
1942
$8,368,214
Depreciation
;——
income
Total
income———
$3,835,092/ $1,357,341
$1,676,024
profit
—;— $22,276,720
Selling, shipping & gen.
'•administration
exps._
20,206,081
(& Subs.)
1943
$9,358,991
'
cab operations—
from
Revenue
Operating expenses
Prov. for Federal income
Interest
(Consolidated)
'
July 31—
Interest
Interest,
Other
stock.—V. 158, p. 1774.
common
Yellow & Checker Cab Co.
6 Mos. End.
dept.)—— $36,490,328
(inct. sales of leased
shares of
profit from
7 Mos. End.
July 31, '42 July 31, '41 July 31, '40
July 31, '43
sales $22,244,969
Gross
Year Ended
Year Ended
Year Ended
Period—
,
'.—Earnings—'
July 31, '43 July 31, '42
goods sold & oper. expensesr_____
of
_
Total
Taxes
Year Ended
"O;
sales
♦Cost
-
common
per
depreciation,
(On 409,573
:
Period—
Net
profit
♦After
Inc.—Earnings—
-
-
♦Net
(Earnings
Account
Income
Consolidated
1941
$434,772
$532,196
share——
$1.01
$1.19
interest, Federal and state income taxes, etc.
1942
.7, $146,424
$0.25
1943
Sept. 30—
Subs.)—Earns.
(L. A.) Young Spring & Wire Corp. (&
r
'
(Rudolph) Wurlitzer Co.—-Earnings—
1943
Slieet, Aug. .31,
Assets—Cash on deposit and on
Monday, January 10, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
148
to
believed
set
fairly
forth
the
They are, however,
price renegotiation and verification by our auditors when
they make their annual examination at the close of our fiscal year.—
4,193,363
subject
1,783,876
V.
the period.
to
158,
1580.
p.
2397.
Stevens & Co.,
9iiUV)VUV|
American
The
Red
The quota for
Inc.
not yet been fixed
but it is expected to be about 10%
of the national goal.
the
city has
Freight
Increased 8.5% In Nov.
Ton-Miles Of Rev.
of
Railroads
I
Class
in
the
United States handled about 8J/2%
Cross
War
ton-miles of revenue freight
more
goal for 1944 has been set
$200,000,000; the largest in his¬
Fund
in
at
handled
it'was revealed on Dec. 18
by Norman H. Davis, Chairman of
the organization.
Mr. Davis said that the 1944 ob¬
order, and
of
28,108
New
Dec.
which
according to a
preliminary estimate prepared by
tory,
order
month
of
the
1942,
On
Dec.
had
roads
387
1,
894
which
on
and 525 electric and
368
last Spring in behalf of 406 local
hospitals,
health
and
welfare
agencies. This was announced on
Dec. 17 by Arthur A. Ballantine,
President of the Fund, who also
made public a report to the 7,375
on
steam
Diesel.
which
annual
three
locomo¬
the rail¬
1942,
sixth
its
campaign
locomotives
included
of
result
a
as
1,004,
steam,
Diesel
614
and
order
on
totaled
year,,
included
eiectric,
tives.
in
this
has been received to date
groups
by The Greater New York Fund
locomotives
1,
1943,
than
was
corresponding
November
Dec. 1, 1942, a total
on
cars.
was
launched
said
on
men
and women who served as
the Association of American Rail¬
The Class I railroads put 26,433
approved the War roads.
members of the Fund's 1943 so¬
'
new freight cars in service in the
Department's Canol oil develop¬
liciting organization, t •
jective "represents the minimum
In the first eleven months of first eleven months of 1943, com¬
amount
required to meet ^con¬ ment in Canada, telling his press
Terming
the
campaign
"the
1943, Class I railroads performed pared with 61,220 in the same pe¬
conference that at the time it was
stantly increasing demands from
most successful in the Fund's his¬
approximately 15% more revenue riod last year. Those installed in
the Army and Navy for Red Cross started he would have approved
tory," Mr. Ballantine declared in
1943 in¬
1on-miles of service than in the the eleven months of
services."
He explained that of anything to get a new source of
the report that the $4,306,158 now
same
period of 1942, 54% more cluded 13,933 hoppers, 8,464 gon¬
the total, $140,000,000 will be re¬ oil in the Alaskan and Aleutian
than in the same period of 1941, dola, 2,446 flat,
194 automobile- on the Fund's books, represents
quired by the national organiza¬ area.
an increase of some $900,000 over
and 119% more than in the first box, 1,342 plain box, four refrig¬
In response to a question as to
tion to finance its national and
eleven months of 1939.
erator, three stock, and 47 mis¬ the total of $4,203,877 reported for
whether he knew the cost of the
international
85%
about
for
activities,
services to Amer¬
in the fighting forces.
men
The
rest
of
the
.
Roosevelt
•
of which
will be spent directly
Red Cross
ica's
President
Dec. 21 that he
national
goal,
$-30,000,000, represents the ap¬
proximate aggregate of the
amounts required by the 3„756
or
thought he was
of the cost when he sup¬
national campaign will be
directed by
Leon Fraser, President
National Bank of New
following table summarizes
ton-mile statistics for the
President said he
revenue
aware
first
Mr. Roosevelt's
position was in
support of the opinion
Army's
Services
Forces,
REVENUE
months
of
1943
TON-MILES
(000
OF
and
FREIGHT
°!o
-v:
headed
by
Walter S.
Gifford,
of the American Tele¬
President
phone & Telegraph Co., who was
Chairman of the 1943 Red Cross
the
man
venture
of
on
the
Dec.
16.7
4.8
(61,800,000
463,804,788
62,160,196
56,958,793
668,146,588
583,013,777
14.6
541,346,588
Of
Oct..
♦65,000,000
Mo.
of Nov.,
11
mos.
8.5
War
(Preliminary estimate;
defend
Production
Class'I railroads
had
on
Dec. 1, 1943
freight cars on
order, the Association of Ameri¬
can
1942
for
this
appeal.
He accounted
pointing out that
by
$800,000 of earmarked funds was
included in the 1942 total.
months
which 380
were
Diesel.
261
installed
in the
totaled
year
were
of
this
of
steam, 15 electric,
New
same
668
of
36,253
new
Railroads announced
on
Dec.
year,
locomotives
period last
which 273
steam and 395 were electric
and Diesel.
locomotives
on
locomotives
20
new
order
in the first eleven
year
on
53 new
Dec. 1,
installed
months of this
by other than Class I
riers. This brings the
locomotives
"In
appraising 1943 results," he
said, "it will be recalled that so¬
liciting of earmarked funds from
partnerships and privately-owned
business
The ODT also reported
and
♦Revised estimate.
20.
Board; Harold L. Ickes, Secretary
of the Interior and Petroleum Ad¬
ministrator for War; and Frank
put 656 new
locomotives in service in the first
Inc.
1942
1943
1st 9 mos.—
Mo.
Jointly
opposing completion of the proj¬ Freight Cars On Order
York, while a special committee
ect are Donald M. Nelson, Chair¬ On Dec. 1
Again Increased
to solicit corporate gifts will .be
of the First
The railroads also
and
Omitted)
'
Tot.
the
cellaneous freight cars.
eleven
eleven
1942:
ported it originally.
of the War
Department, The Senate's war in¬
chapters for work in their local vestigating committee which has
communities, the major part of been conducting hearings as to
whether
the
project is
worth
which is for assistance to service
completing,
heard Lieut.
Gen.
men
and their families.
Brehon Somervell, chief of the
The
The
approved it, the
project when he
on
order
the
was
first
placed this year for
with
time
the
Fund
car¬
contributions.
the
on
Dec.
1,
installed
in the first eleven months to
676.
partici¬
only overall
accepted
undesignated
contributions
the
same
total of new
to 1,057 and the number
our
pating agencies. From this source
source
received
in
Of
from
194^, about
$800,000 was in earmarked funds.
If
this
amount
is
now
obtained
,
directly by the agencies in the
campaign.: The drive Knox, Secretary of the Navy.
25." Of this number, there were
The Canol oil project embraces
form of direct gifts, as from pres¬
will get under way in March.
11,277 plain box, 2,969 automobile Greater N. Y. Fund
The 1943 campaign had a goal the development of oil fields at
ent indications it appears it will
Norman Wells, construction of an box, 5,197 gondolas, 14,095 hop¬
of $125,000,000 and this was ex¬
Receives $4.3 Million /
be, total contributions for 1943
pipe line from the pers, 1,200 refrigerator, 200 stock,
ceeded by more than $13,000,000. eight-inch
A total of $4,306,158 in contri¬
will exceed those of 1942 by some
The General Chairman for the fields to White Horse Canada, and and 1,315 flat cars. On Nov. 1, butions from
public corporations,
erection of an aviation gasoline
New York City drive will be John
1843 there were 34,092 cars on private
business and, employee $900,000."
P.
Stevens,
President of J. P. refinery at the latter pomu
War
Fund
v
Volume
The
-
THE COMMERCIAL & FINANCIAL CHRONICLE
Acreage anct Production of Crops
General
-
•'
Number 4245
159
Crop Report Of The U. & Department
Of Agriculture For1943
19
public
Dec. 17 its Report of Crop Acreage and
on
in 1942 but nearly 5% more than
in any
previous season. In com¬
parison with the average of the 5
moderately favorable crop sea¬
Produc¬
tion, for the United States, from reports and data furnished by crop
The report in
■
part follows:
Production-
——Acreage Harvested-—
•<•'
<
Durum
;
•
(bu.)
Other- spring
.2,561
35,979
-11,120
Barley (bu.)
Rye ,(bu.)
Buckwheat
/Flaxseed
3,293
•
424
(bu.)
(bu.) ; ;1
Cottonseed
3,076,159
836,298
277,726
306,692
44,660
233,066
270,488
38,449
14,702
2,777
1,018,783
375
505
7,029
6,636
8,830
5,867
1,500
14,226
41,053
52,008
70,025
150,724
:
■
4,424
1,450
.
243,373
47,334
100
*90,603
61,294
766
•
954
21,874
1,015
-
27,'718
22,602
(tons)
68,754
Hay, all tame (tons)
56.649
12,105
60,121
12,528
61,016
13,401
9,675
606
v'; 718
1,148
1,087
1,110
1,280
151
89
101
335
218
179
500
787
814
460
437
.394,
694
(bu.)^_-__^_
(bu.)^,____
clover seed
82,952
73,277
74,417
72,649
(bu.)
Sweet clover seed
(bu.)—
Lespedeza seed (lbs.)
■
.
;
-
Timothy seed (bu.)
Beans, dry edible (bags) 5,_\
Peas, dry field (bu,)_w__i_
.
1,706
,
239
159,920
19,035
'238
494
2,617
2,948
10,008
1,305
10,820' -i :»'! 51,571
947 : >■;: 6,846
187,155
Cowpeas for peas (bu.)___-_
10,370
7,408
Soybeans for beans (bu.)i,
1,500
21,799
■
Peanuts
.; (ibs.)
1,310
;
picked & threshed
7,283
3,439
3,949
1,214,777
2,211,535
2,109
1,884
1,948
i-,' -V862
750
775
2,706
3,322
363,332
370,489
889
69,291
65,508
1,377
1,462
253
222
205
1,349,896
14,472
1,408,717
13,772
72,572
1,403,275
273
317
322
5,105
119
129
20,818"
18,610
954
552
9,834
11,674
3,131
(bu.)
potatoes (bu.)
Tobacco (lbs.)
Sorgo syrup (gals.)
r
'
Sweet
.1
833
.
.
;
Sugarcane for sugar
134;
Sugarcane syrup (gals.)
Sugar beets (tons)
;
833
—
**11,279
32
§§5
18
Flax-fiber
(Greg.) (tons)—,.
Hemp fiber (lb.)___
:
§§3
'
'•
—
§§8
146
§§2,901
48
'
•
;
:V
.
tt27,938
Crapes,.total M.itons)^Cherries (12 States) (tons)
(2 States) -(tons)
Prunes,
used
fresh
■
States)
'
:
■
■/
(2
Prunes,
f3
dried
2,190
tf 122
2,402
-', 47
...
;
;
Jt79
'■
M
States)
\V/48
24
States)
:
'
(tons)
tt24,511
ttl96
"tf77
;
JL—'•'
___w——t.--
215
.V
177
;
206
.
89,316
.
V96,290
50,481
66,764
Oranges (5 States) (boxes)_
;
88,086
i
<3
(tons)
Prunes,. canned
19,223
tt69.
'
;;
134,251
•
49,187
Grapefruit (4 States)
(boxes).
;
■
29,310
i
'
r
Lemons
.
(Calif.)
Cranberries
(bbls.)
—
/".wl-u—
(boxes)
(5
Pecans
-
For
.
*
'
,f.; 610
(12 States)
Commercial
14,940
10,146
■.
States)
.
.(lbs.)
.91,113
,
~2~999
1,662
1,560
1,968
686
market .'<25 crops )—
1,902
~
Total, 52-crops***..--
.
*Short-time
-
330,034
347,498
338,081
JGreen weight.
tDry weight.
average.
■
'■«./
—
100 founds
§Bags of
(un-
The
'IIAll
purposes.
**1,000 trees
tapped. : ' ttlncludes some -quantities not
harvested.
§§Short-time average, ,-illlProduction includes-all grapes for, fresh fruit,
cieaned.
Juice;
.
wine
and
raisins.
***Excluding crops not Ixairvested, minor crops,
.
strawberries
and other
Crop and Unit—
■■/>
,
All
/.
Other- spring
Gats
Flaxseed
'■Rice
14.3
11.4
;
(bushels)—
i;
'^y,'
(bushels)
——-
(bushels)
'(bushels)'
Alfalfa seed
—>—————.
Alsike clover
seed
.Sweetclover seed
-
.
-
/,
:
;."\-
(pounds)
Flax fiber (Oreg.) (totts)_
Hemp fiber (lb.)——
Hops
.
-'
—
Hemp seed ( lb.)
*Shurt-time-
———
:—J
:—
:
average.'
———
JDry
equivalent sugar, .per .tree.
-
-
2.36
2.86
2.56
3,81
on
promising
weather the
very
average
the
At times
moisture and
of subsoil
for
of water
Fruit production in the season
of 1943
(including citrus fruits
for the
harvesting season of 194344) is the smallest since 1938, the
index showing 12% smaller pro¬
duction than the record-high of
1942,
Yield per acre, as indicated
by the composite of 10 major
fruits, is 11% below that of 1942
but is a fourth larger than the
1923-32 average.
of 4 tree
Combined
pro¬
duction
nuts (walnuts,
almonds and filberts) is
slightly above the previous highrecord
year
of 1941 and 14%
larger than in 1942.
pecans,
The
1943
season
featured
was
by exceptionally small crops of
apples, jpeaches, pears, cherries,
apricots, and strawberries. Winter
and, spring injury by freezes and
unfavorable weather during polli¬
nation were largely responsible
for
the
smaller
crops
of tree
A drastic reduction in the
fruits.
of strawberries and light
acreage
yields
per
acre
resulted
in
the
smallest
strawberry crop since
partially offsetting these
small crops are the largest crop
of grapes on
record, large crops
of plums, prunes and. figs, and a
record-high prospective tonnage
1920. But
irrigation.
over
wide
a
threatened
the
of
bean
frost.
also
acreage
This
area.
',
corn
to
and
mature
soy¬
before
The dry summer and fall
enabled
most
farmers
to
complete the tremendous harvest¬
ing job so that only a small acre¬
age of potatoes and other perish¬
ables was caught by the early
snows.
The lack of rain, however,
greatly
reduced
in 1943
for
the amount of
and in the ranges
and wheat fields of the
West, thus
accentuating the local shortages
of feed and dimming prospects for
next year's crops.
The acreage
was
exceeded
of
crops
harvested
about 347,500,000 and
that, harvested
in
1942
more than 9 million acres or
nearly 3%. The increase was ac¬
by
complished under difficulties, for
wet weather prevented planting
some acreage, not all of the acre¬
destroyed by the floods could
be
replanted, and there were
some
losses from drought,
The
total area of crops lost was about
age
duction probably wilF be the third
largest crop of record.
Total
tonnage
commercial truck
of
important
in 1943,
props
for marketing fresh and for pro¬
cessing,
in
was about
1942, but
10% less than
was greater than for
any previous year
except 1941.
Both fresh market and processing
showed
crops
substantial, reduc¬
tions from 1942.
Aggregate pro¬
duction of 6,508,000 tons for the
fresh market in 1943, while less
than for any year since 1937, was
only 7% less than the 7,013,000
tons for 1942, and was about 4%
greater than the 10-year (193241) average of 6,275,000 tons. Ton¬
nage of 11 crops for processing in
1943
4,981,000 tons—14% less
1942, but 50% above the
and higher than
was
than in
1932-41
average
for
any other year except 1941.
The reduction from 1942 was off¬
set at least
partially by increased
vegetable production in Victory
gardens.
Combined acreage for
marketing fresh and for process¬
ing, was 5% below that of 1942
but
was
' greater
other year
There
than
of record.
has
been
for
any
•
downward
a
trend in acreage harvested for the
fresh market since 1940 and the
harvested
acreage
the smallest since
for
1943
1933,
was
Loss
of
planted! acreage from freezes and
floods in some important sections
accounted for a part of the reduc¬
tion
this
year.
The aggregate
yield per acre for these crops, on
the other hand, was near the
level,
and
other
1942
higher than for
any
year since 1929.
For
the season, the major crops for
which production was greater in
1943
snap
than
was
.
in
beans,
1942
were
asparagus,
carrots,
and let¬
tuce.
Kale, eggplant, honeydew
melons, escarole, and beets also
increased..
Other
crops
were
than in 1941, but
643
649
796
796
since 1934 but far below produc
than
sharp reductions.
136.9
139.9
tion, in
1933
..
planted in
,18.1
5.6
5.1
92.4
81.7
1,023
960
62.0
:
•
"
,
12.2
.
112.26'
1,297
2.05
1922.
.
1.67
960
er
920
364
weight,
lower
278
1,016
396
SAI1
purposes.
in
other
decades.
years
Sugar
13,500,000
more
than
in
acres, nearly 2,000,000
in 1942, slightly more
substantially less
of the years from
any
through 1940.
Unfavorable
weather substantially reduced; the
sugarcane
11.8
112.43'
339
be
acreage harvested in New Mexico
for sugar shows the and, there Was some reduction in
second highest production on rec¬ Oklahoma; in the 8 other Great
ord the tonnage of sugar beets is Plains States and Missouri the in¬
21.4
149.1
;
^
earlier
not
and production
production will probably be a lit¬
tle
below
average
for
while
-
57.4
18.4
156.4
-
than
substituted for
could
season
larger
was
,
was
that
oats
some
1,367
18.7
.
Buckwheat
884
,
1,500
*1.51
•
than
and west of the Rockies,
areas
lighter than in 1942, with straw¬
berries, cucumbers, onions, cab¬
bage, and watermelons being the
more
important crops showing
987
-
-
■
more
cause
feed in pastures
berries.
196.5
-3.84
,
fGreen
-
.89
216.6
:-
weight.
1.55
2.83
-
*898
:
—
265
1,169
.92
.
now
production, excluding
drought seasons, includes wheat
oats, tobacco, sweetpotatoes anc
various less important crops such
as maple sirup, prunes and cran¬
1.43
-
also
crop
from usual
1.34
.
.
——
5.25
252.0
1,45
.92
——
,——.
6.58
1.60
(bushels),—-2.16'
2.81
(pounds)
1.31
1.04
.
(pounds) —
———
180.5
Timothy seed (bushels)
3,21
Beans, dry edible (pounds) ——
837
Peas, dry field (pounds),
——_
1,098
Soybeans for beans (bushels) ,—,16.7
Cowpeas for peas (bushels)
—-———:
.5.3
Peanuts picked and threshed (pounds) ——/
733
VelvetbeansS (pounds)
820
potatoes (bushels) —_——
116.9 .
Sweet potatoes (bushels)
—
83.2
Tobacco (pounds)
1—'878
Sorgo syrup (gallons)
57.1
Sugarcane for sugar and seed (tons)———
18.5
Sugarcane syrup (gallons) *—
—154.2
Sugar beets (tons) /
—
—11-8
Maple sugar-and syrup (pounds) _——.
H;87
Broomcorn
15.5
1.53
.79
—
■
show
grains, all grains as
group,
all hay crops combinec
and
vegetables
for
processing
The list of crops that are not far
1,505
272,4
.
1.20
1.29
Lespedeza seed
'
46.7
.
1.73
,'■'./
1.69
—<—1.16
(bushels),-—-—r-
8.9
44.5
.
:
(bushels)
Red clover seed
-
17.5
9.3
■
18.2
2X7.0
(bushels)
1-lil
17.7
1,638
—
all (tons)
Hay, all tame, (tons)
.Hay,-wild "(tons)
Hay,
to
usual share of anxiety.
hums
21.9
14.9
'"•>
'v-',
."
(pounds)
Cotton, lint
seemed
production of oranges and of al
citrus fruits as a group should ex¬
ceed past records. Crops or groups
of crops which have been ex
ceeded only a few times in pas
years include corn, barley, sorg¬
29.8
25.5.
.
16.6 /./
-.7.3"f1
orange
is
with
,
18.7
35.6
-:
21.4
11.4
-.'
•
17.0
•
trees
and
18,5
20.0
28.1~
the
15.6
•
20.2
/
11.7
—-
these
substantial part of the ef¬
fort to increase food production
was devoted to livestock; and
§s
result the production of live¬
stock and livestock products dur¬
ing 1943 will be exceptionally
iieavy.
Present indications are
hat the aggregate production of
sheep, cattle, hogs, poultry, eggs
.
The
tuce.
16.5
"■v'v. 19.7 V
...
':48.4'
Popcorn (pounds)——-t—v-* *1,269
Sorghums for grain (bu.);
———■——
13.1
Sorghums for for-age ( tons)t--—:• 1.26
Sorghums for silage (tons)f
.
5.02
;
19.8
21.2
;—
(bushels)
Buckwheat
:
:.:;r
_>>-a
32.5
'
'
13.5
/Barley .(bushels)
Rye (bushels)
■
'V 35.2
'24.9
(bushels)
Durum
* ■
1943
1942
1932-41
..
*:
;
(bushels)
spring
.:'
—
Average
-
.
«.
Wheat, all (bushels)
Winter (bushels)
■'
1943
production
of potatoes,
beans, peas, soybeans, peanuts,
rice, and various minor crops, in¬
cluding nuts, hemp, and somes
commercial vegetables, particu¬
larly snap beans, carrots, and let¬
fruits.
■
,
Corn, all (bushels)
record
duplicated
-Yield per Acre
""
'
,
for
estimates
'.
seed' acreages,
addition to producing
crops a
But the heart of the Corn Belt
this country has ever had,
in part because it was the second and the eastern half of the Cotton
Belt had enough showers to pre¬
season in <■ succession with muchserious
above-normal rainfall in practi¬ vent
damage
and
the
cally all of the low-rainfall States. warm weather enabled nearly all
--r--
-
,
nearly offset by scattered
increases, chiefly in the irrigated
demand because of the war.
In
Elsewhere there
sorhe
were
years
V-4 For processing />/';
(11 ;■ crops)'
country, some seed crops af¬
fected by the weather, and rye
and cowpeas which were exten¬
sively displaced by crops more in
been
small decreases
in crop acreage since 1932,
chiefly^,
in the industrial areas, but these
crop
114,749
77,200
.
3,462
1,723
:
crops—
~3~630
1,276
truck
14,274
'/./
800
eastern half of
in the
frosts
i;he
weather
tt42,060
tt2,354
T1150
.
Plums
:■
late
have
ly than ever before. Town people
have helped where they could. delayed farm work, particularly
the planting of corn and soybeans,
Imported workers, prisoners of
but brought about a heavy growth
war, soldiers on furlough, and city
of hay crops.
June brought more
volunteers have all helped to meet
floods in the lower Missouri Val¬
emergencies. Shortages of equip¬
ley but'also brought good rains
ment, parts, gasoline, tires, and
in the spring wheat States and
packages have threatened break¬
enough dry weather east of the
downs at times but in the main
the tractors, harvesting machines, Mississippi to permit farmers in
most areas to catch up with late
and trucks were .kept rolling, apd
July and
the near-record crops have been planting and haying.
August were mostly hot and dry;
put under cover. *
pastures and most late crops suf¬
The results of these efforts have
fered and severe drought devel¬
been all that could be expected
under the conditions that existed. oped in two areas—one centering
in Arkansas and extending into
No efforts could have offset the
effects
of
the
less
favorable surrounding States and the other
extending from New Jersey into
weather, compared with last year,
Virginia.
for 1942 was one of the best
20
10,660
11-55,392.
——
f,
V
tt128,273
ft66,365
tt30,717
V-
'
(bu.)
42,297
■:
-//t '/"-; 37
13,922
_ti' §§121,641
J.—
'
Peaches; total (bu._
32
/"•./
tt37,992
12
29
k
(bu.)
crop
33
.14
■
578
2,555
39
35,153
40
35
'
654
2,534
230
6,516
2,915
800
**9,28.1
234
**9,347
303
**9,281
**9,847
**11,279
Maple sugar (lbs.)
Maple syrup (gals.)_
Broomcorn (tons)
Hops (lbs.)
6,904
19,240
:
fruits, great droughts.
The estimated
Then late frosts of citrus fruits.
;an
to
reduce
prospects for production of oranges for the
per week and more Sundays than
fruits and early vegetables.
May 1943-44 season is the* largest of
in any year known to this gener¬
tremendous
rains
and record, the grapefruit outlook is
ation. Much of the extra help has brought
floods from Oklahoma to Michi¬ for a crop second only to the rec¬
been unskilled, but farm oper¬
ord crop of 1942 and lemon pro¬
ators have worked more efficient¬ gan, and continuously wet
11,760
5,840
Farmers and
their families worked more hours
"
and "seed (tons)
than
better
human endurance.
464,656
709
1,537
Potatoes
Pears, total
2,561,610
1,648
—.—__—
VelvetbeansS (tons)
Hemp seed (lb
Apples, commerc.
195,762
4,841
.
r.j.
•
51
slight¬
deciduous
the
were
(apples, peaches, pears, apricots,
and cherries) reduced chiefly by
the
production of major crops
sible, producers faced shortages of
seemed threatened but records of
skilled
men,
of
supplies, and
rainfall and the condition of prin¬
equipment, and vexatious delays
cipal crops at harvest time indi¬
from wet weather and floods.
cate that growing conditions were
Considering the difficulties en¬
probably a little better than the
countered, much of the credit for
the size
of the
increase must, average of years for which we
have records. In the early spring,
therefore, be given to the united
efforts of all to push, production prospects seemed favorable be¬
cause
the western half of
the
towards the limits fixed by acres
of land, hours of daylight, and country had an excellent supply
458
-
the
Although these conditions
helped to make the increase pos¬
1,143
170,500
1.678
1,601
14,325
a
vest.
87,264
12,279
1,115
252
95,564
-
11,478
5,116
99,543
625
':
-
■
5,011
1,026.
319
909
'
10,993
967
1,218
•
1,929 j
1
"
:
103,168
12,817
5,717
105,295
92,207
13,088
5,549
•
over
due to
tion
average growing
progressive improve¬
farming practices, to
changes in the Agricultural Ad¬ and milk will be 8% above
pro¬
justment program, to deferment duction last
year, 31%' above pro¬
of farm workers, and to prices
duction during the 1937-41 period
and programs which encouraged
and more than 31% higher than
farmers to buy more fertilizers
in any earlier year.
and improved seed, and to plant
The crop season of 1943 brought
larger acreages than they were
the, usual
disappointments
and
sure they could care for and har¬
30,781
13,564
6.677
10,717
3,921
12,474
increase
9%
crops,
9%. Part
season,
to
ment
in
322,187
160,901
106,770
7,863
6,637
8,414
ly
1,143,867
64,549
98
-
principal
was up
year average was
36,204
57,673,
38,589
this
of
529j606
'
1,349,547
429,167
8,363
'
(bales)
clover seed
,
161,240
(tons)
Alfalfa seed
;
26,992
5,871
<•72
U
Hay, wild (tons)
Red
3,131,518
974,176
696,450
978
Cotton, lint
Alsike
738,412
550,181
188,231
4,508
(lbs.)
Sorghums for grain (bu.)__.
Sorghums for forage (tohs)1
Sorghurri'S for silage (tons)$
Hay, all
2,349,267
50,554
33,952
16,602
2,130
14,472
1,804
Rice. (bu.) ■
Popcorn
94,790
11,655
13,781
(bu.)__—
including fruits,
1943
37,878
16,850
3,860
16,342
.Oats (bu.)
duction of the 53
1942
,
89,021
49,200
35,436
13,764
2,109
".
38,229
-
(in thousands)
,
1932-41
1942
94,511
54,572
-
,
Average
-v
1943
..•
.
1932-41
Winter. (bu.)
U.
All spring (bu.)„4w-.A-:
i
■
(in thousands)
•
Average
Crop and Unit—
.
'
i-
•
'
Corn, all (bu.)
Wheat, all (bu.)
1937-41, the acreage of the
principal crops harvested was up
4j/2% ; yields per acre were up an
average of 5% and aggregate pro¬
sons,
and cooperating State agencies.
correspondents, field statisticians,
3
Crop production in the United
States in 1943 was 6% less than
Crop Reporting Board of the U. S. Department of Agricul¬
ture made
4
149
ITotal'
„
than
in
any
year
since
The cotton crop was small¬
than
usual
but
there
is
no
creases
8
from
million
crease
the
1942
acres.
totaled nearly
With
this
in¬
of crops harvested
States this year was
area
The acreage of processing crops
harvested in 1943 was about 3%
less than In
1942, but 49% above
The aggregate yield per
acre was down about 11%, largely
because of drought in important
areas of production during the pe¬
riod from late July until Novem¬
average.
ber.
Production
was
less in 1943
shortage of supplies.
About the in these 11
than in 1942 for all processing
only other crops that were ma¬ still 13 million acres below the j
(Continued on page 150)
terially below average in produc¬ peak reached in 1932 before the <
>-w?i4i}^y*y4Mf«»<4^'- iV'\
'-ffiSKv^
;
v. vtm
''
•"!
'/>■*
<
..
a
ISO
caused
and
General Crop Report Of The U. S. Department
Of Agriculture For 1943
grain.
In the important produc¬
ing States, however, most of the
acreage reached maturity by the
time killing frosts were general,
(Continued from page 149)
except
crops
beans
snap
at planting time.
In some States,
particularly in the northern part
of the
country, planting inten¬
tions
were
not fully
realized.
However, the need for feed over
and
beets.
of
Production
the
principal
6
and clover seeds was about
405,000,000
pounds, the lowest
since 1937, but much above all
earlier years except 1935.
Sup¬
grass
The 1943 crops of alfalfa
red clover seed were
and
seed
encouraged
planting of late corn, as well as
replanting of corn fields damaged
by wet weather and floods, even
though in some cases, the opti¬
mum
date
for
planting
had
plies are not critically short but
some substitutions may be neces¬
sary.
country
the
of
most
in 1942 while alsike passed. Some late plantings and
clover, sweetclover, lespedeza and replantings were made as late as
the first week of July.
The 1943
timothy were smaller. The sweet
larger than
7%
still
particularly planted acreage, while about
compared to recent years, above the 1942 acreage, is
clover seed crop was
.small
of
Production
seed fluctuates
slightly under the 10-year average.
, "
; v ; y,,;.
, /
*
clover and grass
greatly, dependent
the weather at blossom time,
affected also by relative
needs for hay and
by relative
upon
I
is
but
More than half of the cOrn acrethis year was- planted with
hybrid seed. Most of the importage
ant
have better
90% of their acreage in hy-
Corn Belt States
prices. Because of restricted im¬
than
ports, increased domestic needs,
and
demand for export under, brid corn,
Lend-Lease, prices of these crops
relatively favorable, I
and the acreage saved for seed j
has been relatively high in recent;
been
have
though
in
vegetables, aggregate yields were
124%
of
the
1923-32
(predrought) average, compared with
136% in 1942 and 114 to 122% in
of the late
start
tained
corn
con¬
for
During the last half of
and
October
November,
through
was very
rapid.
farmers in Illi¬
(especially those
mechanical pickers)
had
By Dec.-1
many
Iowa
and
using
completed
harvest
On that date,
harvest.
two-thirds
about
was
while below those of 1942 in the
somewhat
important producing areas, were
heavy
well above average.
green
Durum wheat
slow
moisture
much
too
caught.
were
the
the rate of harvest
nois
was
corn
operations
because
cribbing.
bushels
17.0
P
Minnesota and
Wisconsin held
up harvest,
but
farmers were getting back into
whiie the planting of
hybrid in surrounding Statesrand
in other parts of the northern
half of the country showed a substantial gain this season.
Heavy
in
snows
the fields
as
conditions
permitted.
The 1943 yield per acre for
most
average—the prin¬
States is above
d
t i
u c
bushels is
below the 1942 yield,
increases
were
of
acreage
y
•
■:
•
Y'Yy
harvested
rye'
that of any year since 1936, being'
below a year ago and
about 28%
16%
below the 10-year
The Important
average.
in all the
common
Y
one
for grain this past season is below
being
States more important States.
V.
''■'■■■ '-\f
V-;V' :Vr "V.!Uyj;
was
the
most
• <*sii
severe:
Arkansas,
Oklahoma, YYY^YY-r'Y Gats
The 1,143,867,000 bushels of oats
Maryland, Delaware, New Jersey
and Pennsylvania. - Except in the produced in the United 'States ;ih
Pacific Northwest and in Wiscon¬ 1943 is 12% more than the TCM
exceptions
where
drought
Rye '
The
.
the
14,472,000 was 24%
greater and largely accounted for
the record crop.
Large acreage
cipal
from
were
below
to ten bushels above average.
one
of
acreage
bushels
v'.'v Y
spring wheat. Although yield per
acre
at
18.7
bushels
was
1.3
bushels
States.
average;,;
in the northern Great Plains from :
270,488,000
,
was
North Central States from
nine
to
record for other
new
a
at
o n
and
damage
seeded acreage
per
Dakota
South Dakota.
r o
Oklahoma
Ohio to Minnesota and Iowa yields
than
offsetting declines in
smaller acreages of Minnesota
and
Ohio
was
moving ; slowly because the
moisture content was too high.
in
shocks
North
in
increase
more
three-fourths finished in Indiana.
from
In the
in
any other year.
Acreage of du¬
rum wheat harvested was 2,130,000, 1% more than in 1942, with
the
jn
Drought
heavy in several Eastern
1942, but was greater than
of
the
Harvesting
Texas.
4.2 bushels below the record
was
and
reduced
yields in
Green bug damage
heaviest
was
Dakota,
rains, hot winds,
bug infestation, and winter¬
damage
other States.
acRe, the yield
per
North
in
summer
kill
production of 36,-
204,000 bushels was from a slight¬
ly larger acreage than in 1942. At
completed in Nebraska and about
r
'■
of
Minnesota
and
(1932-41)
States
rye
the
Dakotas
harvested barely half of the pre¬
ceding year's
rye acreage
although
Nebraska harvested within 5%
much
in
as
1942.
as
Rye could not
acreage
the
competition of more
profitable war crops. The acreage
of rye, which had for the past
several years been expanding for
average
production -from soil conservation purposes, this
sin, yields in all the northern year
States were below those of last 1932 to 1941, though 15% beloW year was reduced toward the level
of acreage usually grown on the
year.-Production set all time rec¬ last year's bumper crop. ' Yields
thinner soils.
This is true except
ords
for
Iowa, Minnesota and per acre this season were, general¬
for a few States, mostly in the
Wisconsin.'.''*'
':■
Yn;,':'YY Y1 Y ly a little above average, and the
38,449,000 acres of oats harvested South,; where rye acreage contin-;
Y/;"' Wheat
ues
to expand but is still very
was the largest acreage since 1935.
The estimated production of all
Yy
'
YY-'-YYy r'.Y
During recent years the acreage small.,
wheat in 1943 is 836,298,000
largest
els, 14%
-With
a
smaller abandonment
The tremendous Expansion
in lespedeza seed has beei? largely than average, although somewhat
responsible for this high level. In larger than last year, the acreage
1943 the season for setting seed of corn harvested for all purposes
is the largest in 8 years. Acreage
was not favorable and yields were
losses were mostly due to floods
relatively low.
Crop yields in 1943 were mostly and wet weather in the Central
lower than in 1942 but they aver¬ States and droughts in the midaged a little higher than in any Atlantic, South Central and Great
Significantly, the
of the years 1937-41
and much Plains States.
higher than in earlier years, Com¬
bining all principal crops except
and
Husking
to
generally favorable. The season but about 32% above the 10-year
developed with soil moisture con¬ average.
In general, the growing season
ditions
largely
satisfactory
for
both yield and quality of the crop, for barley was poorer in 1943 than
particularly
in
Minnesota,
the in 1942, but better than average.
Dakotas
and
Montana.
Yields, Scab and blight reduced yields
soft corn resulted
Missouri, where
some
Illinois
some
years.
f
of quality
loss
some
of silage, forage and
and weight
Monday, January 10, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
harvested for grain is the
since 1933, y6t the per¬
centage of the crop harvested,for
grain is smaller than in either
1941 or 1942. "The increased acre¬
devoted to silage and forage
this year reflects in some meas¬
ure
the salvaging of corn dam¬
age
-
meet
•
■
■
bush¬
less than the 1942 crop
of 974,176,000
bushels, but 13%
greater than the 10-year (193241) average.
This year's wheat
crop is larger than either the 1939
or 1940 crop.
It was generally of
of oats has been
expanding in the
Southeast, and in the States ad¬
joining the Missisippi River from
Missouri
south.
Oats
plantings
the
<
have also been expanding in
Dakotas,
Nebraska,
Kansas,
generally lower than
those of a year ago but are higher
than average in many States. Re¬
ductions in rye yields from those
of a year ago were greatest in the
Dakotas, two of the most im¬
portant rye States.
The shifting
of are acreage from the
better
'
Yields are
and
Potatoes
the
States
west' to
the
Pacific
140
good quality. The yield per acre
Coast. In all these States the oats
bushels per acre, the highest re¬ aged by frost and drought, the in¬ of 16.5 bushels was exceeded in
corded up to this time.
Corn creased use of livestock for pas¬ the past quarter-century only in acreage harvested this year is well lands, together with a poorer sea¬
above the
10-year average, al¬ son, are responsible. These lower
yielded 32.5 bushels per acre and turing and hogging off corn, and 1941 and 1942. It was 3.0 bushels
though the acreage this year is yields resulted in a production in
spring
wheat
18.5,
exceeding a fuller use of the whole corn or 22% above the 10-year aver¬
less than last year in Alabama, Minnesota and the Dakotas this
yields, in years previous to 1942. plant to augment hay and rough¬ age.
Acreage of all wheat har¬
Scarcity of labor vested in 1943 totaled 50,554,000 Georgia, Florida, Arkansas, Iowa," year only one-third of last year's
Cotton, tame' hay, soybeans, and age supplies.
' Yy• •'
tobacco yields were exceeded only for husking also encouraged pas^- acres, slightly more than last year, Colorado, Idafio, Montana, Wash-, production.Y;:Y- yv
in 1942 and a few othet^ years. turing and hogging off corn fields, but 4 million acres less than the ington, and California.
In
New York,
.yy-Yy '
Buckwheat
' Yly
Pennsylvania,
a
more
widespread use of 10-year (1932-41) average. Win¬
Yields of most other crops are in but
The production of buckwheat,
line
accounted
for
two- Michigan, and northern Ohio the
with
the general upward mechanical pickers permitted a ter wheat
trend
except
as
affected
by larger acreage to be harvested for thirds of the harvested acreage; planting of oats was seriously estimated at 8,830,000 bushels, is
weather or by the rapid expan¬ grain than would have been pos¬ durum for 4% and other spring hampered by excessive and pro¬ substantially above average and
the
5 years.
previous
yield ■!.' of
average
an
gave
,
sion
into
meet
.
Feed
shows
producing areas to
new
needs.
war
Few
production
crop
a
sible otherwise.
in
1943
large total, but it is not
corn
eral prospects
evenly distributed geographically
RelativelyYY
and is not large in proportion ,to
the
numbers
of
livestock
and
Planted
poultry now
on
the farms.
The
^1.943 total production of the 4 feed
grains totaled 115 million tons, a
quantity exceeded only in 1942
r
"
The supply per unit of
and 1920.
livestock
in
now on
hand is less than
started
have
with
out the season
as
gen¬
poor
and yielded as well
the
as.,;
late,1 the
1943
crop.
in
crop
the
northern half of the country was
retarded by cool,
wet weather in
May and during the first part of
June and made a slow early sea¬
growth. Further setbacks re¬
sulted
from
heavy
rains
and
son
floods in many important produc¬
other
year
since the ing States. Replanting of flooded
but not far from the and poorly germinated fields was
average during earlier decades. It widespread
jthroughout .the im¬
is sufficient for normal feeding if
portant drainage basins of the
closely utilized. The hay crop is Mississippi's tributaries.
Then
the, second largest produced and with warmer
weather, corn ger¬
is sufficient for normal feeding minated
quickly and grew un¬
per unit of livestock without ma¬ usually rapidly in the Corn Belt,
terial reduction in reserves. Local
although by July 1 dry weather
shortages
of
both
grain
and had already begun to cut prosroughage are reported from some pects in the Sousth Central States.
areas, particularly in the South-] jn
August, corn began to show the
any
drought
■
,
where
west
the
.
,
,
of
pioduction
sorghum for forage was reduced
by drought and in sections where
farmers
having difficulty in
making their usual purchases of
are
concentrates.
corn
Y.r-'ycrop—second
largest on record—totals,, 3j076i159,000 bushels.
This isYonly ,55
million bushels below the revised
estimate
for
the
of
corn
ed
and
a
3,131,518,000 bushels
1942 Ycrdp.
The
record
downward
revision
in
the
1942
production estimate reflect¬
smaller acreage harvested
a
somewhat lower yield than
shown by
the preliminary figure.
This year's crop for all purposes
silage, forage, hogging,
etc.,—is nearly a third larger than
the 10-year average.
—grain,
The
Was
Atlantic States and in part of the
Great Plains.
Deterioration con¬
in
Corn
1943
below normal rainfall in the mid-
in
the
States, but
■
The
j effeets 0f high temperatures and
tinued
largest acreage since 1937
planted to corn this year,
despite generally adverse weather
the
Central
South
excellent
progress was
central
and
for the
wheat
.
crops
In
main, weather^ was rea¬
sonably favorable to trie wheat
crop.
The loss of planted acre¬
age was
considerably less than
average and
yields well above
average.
Nature imposed some
winter-killing injury, a bit of
insect
and disease trouble, and
damage,
but
lightly nevertheless.
Winter wheat production was
529,606,000 bushels, with the yield
of 15,6 bushels per acre on 33,-
limited
drought
frowned only
longed
rains
Because
during
this
of
the
plantings of oats in this
less
than
usual,
and
States the
the
area were
in
these
of oats harvested
acres
this year were
spring.
weather
wet
800,000
less
acres
Yields per acre also
low and the oats production
than in 1942.
were
the
for
four
States
combined
is
nearly a 100,000,000 bushels below
last year's big crop.
Over
the
the
the
of
rest
yields of oats
per
country
acre
were
generally better than average, ex¬
The har¬ cept in Oklahoma and Texas, and
11% below along the Atlantic Coast in the
952,000 acres harvested.
vested
acreage
was
the 10-year average
below
While
the
of 38,229,000. States from North Carolina north,
yield of where growing conditions were
record
19.7 bushels in
was
1942, the 1943 yield
1.3 bushels higher than the
less favorable than usual.
of 20.6%.
Seeding of winter wheat for the
average
1943
der
crop
curred
reductions oc¬
producing
North
Dakota
Acreage
average.
in
States
all
main
except
with
and
Montana.
age
has
conditions
Barley
greatly
expanded
the
Great
at
acre¬
Plains
States
but
and
were
Great
ture
crop,
Plains
reserves
but
South
beneficial
very
and
soil
helped to
West of
mois¬
carry
precipitation
below normal.
Central
was
the
still
%e Rock¬
ies the crop was held back by cold
weather in the early part of the
season
but
made
good
progress
during September. Killing frosts
during the second and third week
of September in the most north¬
ern
States
acreage
of
caught a fairly large
immature corn, and
sulted
and
Acreage losses re¬
yields were reduced
the acreage reductions and
below last year and below
yields
aver¬
age.
resulted from the spring floods in
fluenced
the bottoms of the
Ohio, Missouri,
their tribu¬
Central
Arkansas Rivers and
Western
taries.
1943
In
areas,
important
seeding
ed, and a total of 505,000 acres,
was
harvested,—well above the
375,000
and
growers
States
States
barley
an
and
to
the
due
The acreage expansion
for the most part to the
spring which to some ex¬
prevented planting the in¬
tended acreage of the usual feed
late wet
tent
crops;
"<■-
',
y
,
;y
Generally good growing condi¬
prevailed during the sum¬
tions
mer
and early fall.
Moderate sea¬
and dry weather
favorable for maturing the
frosts
and for satisfactory harvest¬
The yield of 17,5
bushels per acre nearly
equals
last year's yield of 17.7 bushels,
crop
ing conditions.
bushel above aver¬
and is about a
Dry weather caused the loss
of some acreage in East Central
age.
States, but in general loss of acre¬
light, as
was
age
the late
even
Tobacco
?
Post-harvest acreage
surveys
now
and yield
point to a 1943 to¬
of 1,403,275,000 pounds.
not materially different
bacco crop
is
This
from the Nov. 1
with
pares
harvested
year
age
last
(1932-41)
tion of
forecast and
1,408,717,000
year,
com¬
pounds
and the
average
10-
produc¬
1,349,896,000 pounds. Acre¬
is 6% more than last year and
yield per acre of 960 pounds this
North year is below the 1,023 pound
last
year.
The
10-year
several yield
in
reduce
acreages
1942,
10-year average of 424,-
000 acres.
was
harvested in
acres
the
weather.
Competition from such crops
as flax, rice, dry edible beans, soy¬
acreage that was harvested.
Siz¬ beans, and corn—crops for which
able winter wheat acreage losses war needs have increased — in¬
also, owing to the spotted charac¬
ter of the winter injury on some
aver¬
is
Washington.
States
and
a
(1932-41)
10-year
is 7,029,000 bushels* The larg¬
since 1931 was plant¬
very
the
brought relief to the
age
est acreage
planted acreage was aided to ma¬
turity
by
the
favorable
fall
tp the large acreage of late corn.
Moderate temperatures in
Sep¬
tember were helpful to corn in
tember rains
'mid-Atlantic
limited sections were affect¬
the
and
in
low level in Iowa, Illi¬
Michigan,. Wisconsin,
and
ed by dry weather in the fall of nois,
In the North Central
1942. Winter-killing was heavy in Minnesota.
southwest Kansas, in most of the States, where one-half of the na¬
eastern Corn Belt States, in some tion's barley is grown, production
adjacent acreas including Penn¬ this year is almost one-third less
than the 1942 out-turn—owing to
sylvania, and in Montana and
Belt.
since 1934. Produce
6,636,000 bushels,
tioh in 1942 was
were
Barley
seedbeds over most of the
important areas, although
more
some
accomplished un¬
favorable
good
Corn
was
is the largest
sonable
Although
The 1943 barley production of
the
acreage
not harvested for
grain during the past season was 322,187,000 bushels is one-fourth
10.3%
of
the
planted
winter less than the record crop pro¬
wheat, well above the 6.9% of duced last year, but almost a third
1942, it was only half the 10-year larger than the 10-year (1932-41)
10-year average yield.
Moderate to generous Sep¬
eastern
remaining 29%.
the
below
their
last
(1932-41) average yield per acre
pounds.
With marketings nearly com¬
is 878
The acreage finally har¬
spring
wheat year.
vested this year is 13% below 1942 pleted,
conditions were
the
flue-cured
tobacco
c
crop
now
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4245
Volume .159
appears
slightly
leaf
more
and
weight
yield
turned out 934 pounds
024
oming and both flood and drought Mr. Wright will go to England to
taking toll of the crop in the bring back the Kitty Hawk plane
other five States.
Production in to this country.
to have turned
than was ex¬
pected earlier in the season. The
present
estimate is
790,878,000
pounds; last year's crop totaled
811,690,000 pounds and average
production is 739,244,000 pounds.
In many sections the plants grew
rapidly
and then ripened
too
quickly
because
of
hot
dry
weather.
This resulted in light
out
the 30 late
aerie
per
pounds in 1942.
of 385,-
386,000 pounds is 12% above the
1942 crop and compares with the
average
Planting
tended
322,486,000 pounds.
burley tobacco ex¬
of
of
over
an
long
unusually
The text of the President's
mes¬
crop); is sage, as given in special Wash¬
placed at 363,543,000 bushels com¬ ington advices Dec. 17 to the New
pared with 286,099,000 bushels in York "Times," follows:
ing the California early
"Forty years ago today a little,
intermediate States noted event at Kitty Hawk, N. C.,
substantial increases in acreage marked the beginning of a new
age. On Dec/17, 1903, Orville and
were made in 1943, but yields per
1942.
.
In the
seven
got
the
first
due to Wilbur : Wright
some of power-driven aircraft to take to
these States.
Production in the the air successfully.
"Today, man's imagination has
seven
intermediate
States
was
34,774,000 bushels compared with difficulty in keeping pace with the
acre
were
variable
in
conditions
against l;i : drought
The burley tobacco crop
potato States (exclud¬
since
large
increases
in
broad
highway of the skies
Orville
Wright and decency throughout the wbrld
dispute with have rendered valorous service1
Smithsonian
over
whether
the far above and beyond the call of
Wright Brothers or Dr. Samuel duty.
Langley had produced the first
"Under repeated fire form the
air-worthy plane. It all started
skies, Malta stood alone and un¬
when Smtihsonian tacitly credited
afraid in the center of the sea,
Langley with being the pioneer one tiny bright flame in the dark¬
by exhibiting his plane and label¬
ness, a
beacon of hope in > the
ling it as the pioneer flying ma¬ clearer days which have come.
chine.
Subsequently, Smithsonian
"Malta's bright story of human
removed the label, but/Orville
fortitude
and
courage
will be
Wright never relented.
read
by posterity wtih wonder
"Mr.
Roosevelt's
message
did
and
gratitude through all
the
not say definitely that the Kitty
ages.'
t>.
Hawk plane would be enshrined
everyday achievements oi flying.
In
most
of the
early potato The gift to the world by Orville
States (including the early crop and Wilbur Wright has made a
California)
when
sent it after his bitter
31,165,000 bushels in 1942.
in
1928
151
over
■
■
"What
at
acreage
,
Malta-"
FDR Visils
.
"FRANKLIN
is
estimated
now
at
17,604,000 pounds, compared with
28,120,000 pounds last year and
the average of 28,518,000 pounds.
Both
the
fire-cured
out
turried
dark
air-cured
of
classes
less, than
and
tobacco
last
year:
Fire-cured production is now es¬
timated at 68,523,000
pounds com¬
pared with 71,510,000 pounds last
year, while dark air-cured pro¬
The
Dec.
23%
of
some
injury and the poor veloped airplanes and men to fly
potatoes. In them in numbers we would have
starch factories are ab¬ thought unbelievable.
frost
condition of late-dug
with
started
season
early
prospects
favorably,,
for
yields
British Museum.
welcome it back
The nation will
as
the outstand¬
well
above
average
.
-363,332,000 bushels. Yield
per acre
in
1943, at 139.9 bushels, is the
highest of record.
J
Planted acreage in- 1943 for the
.
.
United
his
pro¬
won," Mr.
listeners.
"But
will1 stand
we
shoulder
with
the
British Empire and our other al¬
lies in making it a victory worth¬
while,"
..
..
//\
.
v.
;
•
ing symbol of American genius.
/
and
ap¬
"Our heritage from the Wright
proaching
the
relatively
high
however,
consists
of
During July and Brothers,
to be the largest of record, ex¬ level of 1942.
more than
the first airplane.
ceeding the 1942 crop by 25%, August, yield prospects were re¬
"They trained our first fliers. It
in
practically all sweet
The crop of 1943 is estimated at duced
is particularly fitting, therefore,
464,656,000 bushels compared with potato areas by hot, dry weather, that the Collier
Trophy,/.awarded
and some acreage was abandoned.
370,489,000 bushels in 1942 and
annually since 1911 'for the great¬
the 10-year (1932-41) average of September rains in most States
greater than that of 1942, produce
tion of potatoes in 1943 turned out
to
is
war
that
than
shoulder
will
States
the
told
"When the war is won it will
high acreage and production. But
despite harvesting difficulties the be our obligation to convert to
United States would stand with casion"
and that it was a day
acreage
actually abandoned be¬ peaceful pursuits, the gains in the
field
of aviation that war has the British Empire and other al¬ they would never forget.
%
cause of freeze damage was only
lies after the war to make it "a
a
small percentage of the total brought.
They are indeed many,
We
have established air
routes victory worthwhile."
acreage
planted.
It
appears,
Heads OWI News Bureau
The
following
regarding the
however, that storage losses will about which we would otherwise
visit was reported in Associated
Dowsley Clark has been named
be heavy in these States because still be speculating. We have de¬
The
acreage
United
until
more
advices
Press
of
Dec.
Valletta, Malta:
10
\
Mr. Roosevelt
was
from
Chief of the News Bureau of the
Office of War Information to
/
accompanied
-
harvested
scroll
the
was
Roosevelt
,
a
it
"The
ceed
.
On
dated the
the day
before his visit,
second anni¬
versary of the United States en¬
try into the war.
t/
Maine,
"The great, capitals of the world by Gen. Dwight EU Eisenhower,
sorbing only a portion of the "offpounds against 35,245,000 in 1942.
Admiral William D. Leahy, the
grade" potatoes and, substantial will, with the dawn of peace, be
Although
late
rains
benefited
President's chief of staff; Harry
:
quantities
placed
in
makeshift as accessible by air as any point
these tobaccos,: they never fully*
Lieut,-Gen.
Carl
A.
storages probably will be frozen. in the United States is now by Hopkins,
overcame the damaging effects of
rail.
Experiments which would Spaatz, commander of the north¬
July and August drought.
west African air forces; Rear Ad¬
Sweet Potatoes
V'M'/ have required decades will have
The production of cigar tobacco
miral Ross T. Mclntire, the Presi¬
The 1943 sweet potato crop of been accomplished in a few years
is estimated at 108,312,000 pounds,
dent's
personal physican; Major
72,572,000 bushels was 11% great¬ and, if we will, we can use all of
or about 9%
less than last:-year's
Major-Gen.
these advances for a lasting peace. John Boettiger and
er than the 65,508,000 bushel, crop
crop. This reduction is the result
Walter B. Smith, Gen. Eisenhow¬
of 1942 and 5% above the 10-year God willing, we will.
<
j
of a decrease of 11% in the filler
>
"All of these achievements and4 er's chief of staff.
(1932-41)
average
of 69,291,000
class and 9% in the binder class.
The | unprecedented
visit fol¬
bushels.
The acreage harvested all of these hopes stem from the
The
wrapper
class -of tobacco
lowed
one
by Prime
Minister
this year was 25% greater than first Wright plane, whose basic
/shows an increase of 6% from 9,who
had
called
at
in 1942 and 7% above the aver¬ principles still govern flying. That Churchill,
242,000 pounds produced last year
Malta en route to the Cairo conage,
but lower per-acre yields quaint and fragile machine should
to 9,827,000 pounds estimated this
ferenees.
:: j,;;. / >/
partially offset the increase in be enshrined in the Smithsonian
year.
There was some acreage
Addressing himself, to
Field
acreage. Practically all of the in¬ Institution for all time, and I am
abandonment ■> because t of
hail
Marshall Gort, the troops and the
crease
in
production over 1942 glad to be able to tell you that
damage in the Connecticut Valley
Orville Wright is going to bring people of Malta, President R6ose-:
came in the South* Central States,
and drought and early frost in
velt said:"'
v'/";//•>/,;•,
/■.' ■'
with Louisiana, Texas, Alabama, the Kitty Hawk plane back from
Pennsylvania..
"Nearly a year ago the Prime
and Tennessee leading the way.
England, where it has been in the
V.
President
7,
because
Replying, Lord Gort said the
brief address to the troops and people of Malta were "very sensi¬
ble of the greatness of this oc¬
people of Malta, declaring that the
duction is estimated at 32,422,000
Potatoes
ROOSEVELT.
D.
"President, Dec. 7, 1943."
People
,
Production
island
lived and died to preserve
civilization for all mankind.
1
were
Gives Scroll To
'
this
in
have
made in 1943, and which time and distance are cut
:
;
;'/v
with near-average growing condi¬ a hundredfold.
"It is our duty to keep these air;
and in part to the fact that grow¬ tions prevailing for the group, the
highways free and open, in order
ers
spread the harvest so they crop was one-fourth -larger than
1942,.
Production
in
these that alL peoples of the world may
could
utilize available labor to in
and
more
become
these
States
reached
good
66,339,000 more
best advantage.
The long plant¬
President
Roosevelt, en route
neighbors—better neighbors—and
ing season caused an uneven ap¬ bushels, compared with 53,225,000
that the instrument of flying shall from his historic conferences in
bushels in 1942.
pearance of the crop throughout
the Middle East, visited on Dec.
Because of the large production serve to keep the peace once it
the growing season and made it
8 the British island of Malta in the
has again been achieved.
dififcult to appraise the probable and the lateness of maturity in
"Orville and Wilbur Wright did Mediterranean and presented to
some
areas,
considerable diffi¬
production. Leaf appearing on
not labor and toil to create an its people an illuminated scroll,
the markets is heavy in relation culty was experienced in getting
the potatoes fully harvested be¬ instrument of war. Knowing them citing them for rendering "val¬
to size.
Yield per acre this year
orous
service far above and be¬
weather
set in. as I do, their inspiration was not
is 976 pounds, compared with 981; fore! 'freezing
was
acute
in a destructive weapon.; The impel¬ yond the call of duty" during the
pounds last' year.
;' J This b; difficulty
period when the Island was under
Maine?] and
Idaho,/ where
fa- ling force which drove them on to
Mainly as a result of severe;
repeated bombings.
yorable growing conditions con¬ ultimate success was to make a
drought, the Maryland tobacco
Mr. Roosevelt, who travelled to
tinued into the late season and contribution to the progress of
crop
is the smallest on record.
the Island by plane, also made a
!/.:/■//';/■*;;!//
delayed harvest / of the record- man.
period this year, owing in part to
an
unfavorable planting season
done
was
Smithsonian, but he left the
maintains all the highest tradi¬
implication that the institution
and Orville Wright are about to tions of gallant men and women
who from the beginning of time
make peace."
were
beneficial,
and there was
from the effects of
est1 achievement
in
in
aviation
America, the value of which has
been
actually demonstrated by
the drought.
Yields were lower
actual use during the preceding
than
for
1942, however, in all
States except Louisiana and Ala¬ year,' should on this occasion go
some
recovery
,
Minister
blanca
and
in North
I
told
were
at
and
American
Minister
Prime
the
whole
of
the
"For many
ed
on
of
the
people to pay some little tribute
people,
to this island and to all the
both civil and military,
of
active
who dur¬
ing three years have contributed
so
much to democracy, not just
States
totaled
3,430,000
to one of their early pupils.
here, but all over the civilized
which is 5% greater than bama, where the 1942 season was
■/■ V-V-"
"Many distinguished names are world- •.
less
favorable than
usual.
The
the Department's goal for
1943
linked with this awafd, .including
"So at last I have been able to
and is the largest planting since crop, for the most part, was har¬
come.
At last I have been able
our guests of honor, and I know
1935.
Acreage abandonment in vested under favorable weather
he
will agree
that the present to see something of this historic
conditions.
1943 is placed at 3.1% of planted
recipient is fully worthy of the land, and I wish I could stay,
■acreage in
1943 compared with
honor, since it goes to Gen. H. H. but I have many things to do.
3% in 1942.
Harvested acreage
"I may tell you, though, that
Arnold, U. S. Army, for his or¬
totaled 3,322,000 acres in 1943 and
ganization and leadership of the during these last three weeks the
2,705,500 acres in 1942.
Army Air Forces throughout the Prime Minister and I feel we, too,
The 1943 season was featured
have struck strong blows for the;
world.
by potato growers' successful ef¬
future of the human race, and sp
"No
worthier
selection
could
forts in meeting the increased
in this simple way I am taking
have been made% History will re¬
acreage desired and by the un¬
the opportunity to do what all the
President Roosevelt hailed on veal General Arnold's true worth
usually good growing season in
American people would join with
when
it
withdraws
the
cloak
-major areas of production. Record- Dec. 17 the 40th anniversary of
me in doing."
the first successful airplane flight which now surrounds his activi¬
high
crops
were
produced
in
After this
talk
the President
ties.
The heroism of those who
i-Maine,
North
Dakota,
Idaho, by Orville and Wilbur Wright at
serve with him
is written in the read the follQwing from an illu¬
Washington, Oregon and Califor¬ Kitty Hawk, N. C., saying that it
minated
scroll
in
a
handsome
nia.
In most of the other surplus marked "the beginning of a new skies every day and every night.
"In closing, I can think of only wooden case which he said was
....
.producing States production was age."
one additional tribute to
General "a citation from the President of
The
President's
message
was
considerably larger than in 1942.
the
United States
speaking on
•Of the 30 late potato States only read at a dinner in Washington Arnold. Will you please ask Or¬
ville Wright, the greater teachqr, behalf of all the American peo¬
Nebraska, Ohio, Indiana, Illinois, honoring Orville Wright, the sur¬
to
act for
me
in
Z
handing the ple":
and
which Gen.
Jowa, West Virginia and Wyoming viving
acres,
announcement
.
has
>•.
.
had
25
r
years
newspaper
experience
Minneapolis
the
on
"Tribune",
Anaconda
"News
"Standard",
Dulutli
Tribune," and Superior
-
(Wis.)
"Telegram". For' 12
he served
years
Assistant
Managing
Managing Editor of
Minneapolis "Tribune"! On
Editor
the
the
as
and
Anaconda
in
"Standard"1
Butte, Mont., he
City Editor.
Since 1941, Mr. Clark has been in
Government
Director
was
service
of OWI
Regional
as
in
Minneapolis
and
Chicago, and recently as as¬
to the Regional Director
of WPB in Chicago.
^
sistant
Allen leaves to resume his
Assistant
as
School
1
American
The
21.
Clark
of
of
Medill
Journalism
of
"
and
Dean
Research
of
North-1
Evanstoii,
University,
has
been
leave
on
of ab¬
which expired September
sence,
months I have want¬
behalf
Mr.
111. He
Malta.
suc¬
effective
-v-- ••'>
western
Mediterranean
and that then I would go to
Dee,
on
states:
Director
some
Allen,
1, Palmer Hoyt, Director for
Operations,* announced
Mr.
day we would once more control
L.
Domestic
position
troops
Africa, and at that time;
the
Jan.
Casa¬
shortly after the landings
British
by
I
Charles
ceed
which
and
extended
was
to
January 1 at the request of Elmer
Davi3, Director of OWI. During
the year he has been with OWI,
he has served in the capacity qf
Consultant,
Chief of the Rural
Press Section, Assistant Chief, and
for the past several months as
Chief of the Bureau.
/
v
FDR Hails
Anniversary
Of First Plane
Flight By Wrights
,
,
brother,
at
had smaller crops than in 1942. H. H. Arnold, head of the. Army
Yields per acre were lower in Air
Forces, was presented the
each
of
these
States,- with an Collier Trophy .for the outstanding
early frost injuring the late crop achievement in aviation in 1943.
in western
Nebraska and in Wy¬
Mr.
Roosevelt
revealed
that
Collier Trophy to
the great pupil."
General Arnold,
i
In United Press
"In
the
advices, Dec. 17
from Washington, it was stated:
"The plane has been in England
the
name'
United
of
States
the .people
of
America
of
I
salute the Island of Malta and its
Benjamin Rush, Jr., Vice-Presi¬
of the Indemnity Insurance
Co, of North America, has been
appointed Chairman of the South¬
eastern Pennsylvania Chapter bf
dent
the American Red Cross. He
bee,ds' Harry I.
/Treasurer-' of
suc-
Lauer, Assistant
the
Pennsylvania
/Co:-,;1 who recently resigned be¬
cause/of business
Rush,
pressure.
Mr.
as' Chairman of last.year's
Red Cross Fund,
actively directed
the campaign, during which $4,043,749 was raised for Red Cross
activities on the fighting fronts
and
at
home.
jvected to
Rush
Mr.
serve
as
is
Chairman
ex-
un¬
til the 1944 drive shall have been
completed next March. Recently,
he
was
made
a
member
of
the
Red Cross "Gallon Club," because
of eight donations
in
justice Cross Blood Bank.
people and its defenders who
the cause of freedom and
Rush In Red Cross Post
to
the
Red
THE COMMERCIAL & FINANCIAL CHRONICLE
152
State and
Monday, January 10, 1944
City Department
BOND PROPOSALS AND NEGOTIATIONS
1.95%.
(State of)
Connecticut
Balance
Cash
Fund
General
and in¬
decreases
Off—Revenue
creased
expenditures are appar¬
ently reflected in the monthly re¬
port of State Comptroller Fred
R. Zeller. As of Nov. 30ttie cash
balance
in the
State's' general
fund was $2,033,971 as compared
with $3,703,379 on the same date
a year ago, a decrease of $1,363,.408.,
'v,%
General fund income for the
first five months of the current
the
,V,-
low
as
as
State
;v 'V'77
■■
to do it themselves and not run to
in
Washington for everything from
bonds
old.
due $396,500
which interest
on
in
payments
ment have not decreased propor¬
city hall down.
The
the
bonds
new
that
stands
collections
record.
He
but
cash
Of
there
not
was
funds stood at $20,778,702 as com¬
enough honey
highest
;r.r
that
reports
from all
or 1.2 %, of the
tax rolls had become
$216,992,
on
on
$20,215,537.
and
State-wide levy
a
w./;;
Three counties
Y
•—Bradford, Un¬
Collier—had
quent tax certificates.
on
on
;
of the 67 counties showed
one
ion
the.
were
delinquent
at
State
all
in
Collections At
7
said
that only
total tax
as
available
Tax
to them.
that Florida's 1942 real estate tax
of refunding bonds
and shortcompared with $5,- term
gas tax anticipation certifi¬
263,139, an increase of $974,472.
cates sold to pay debts of seven
The Comptroller reported that
counties that were due for which
total
we
was
reported recently
by J. M. Lee, State Comptroller,
week, but a suit to drop the deal
highway fund shows some is
pending in Circuit Court.
increase as compared with a year
No savings were estimated by
ago, reflecting suspension of all the auditors on
$1,254,200 worth
It
Washington
and not
Peak—It
The
work.
a
A continuation of
means
us
Real Estate
sold last
were
policy
dictates to
tionately.
construction
.
off before they were
future would
have
amounted
to
$276,805 if
they had gone to maturity.
The figures include estimated
savings on an issue of $700,000
worth of refunding
bonds and
fiscal year has been less than that
proposed outright retirement of
of the same period in 1942, and
$181,000 worth of old bonds for
expenditures for State govern¬ Monroe County.
$6,237,511
Federal Government
sales taxes, 6h. gasoline, alcohol,
nor the
will, in our opinion, be in etc., also are off.
7
Over the years to come before shape to extend much help to in¬ 'r'. 1943 Crops Nearly, $369,000,000
the debts are paid, the interest, dividual communities, which will —Georgia's 1943 crops are valued
savings will run to nearly $2,- be a mighty good thing. Qur pres¬ at $368,930,000, a gain of 36% over
ent form of government can't ex¬ last year and the
500,000.
second; highest
The Board also used gas tax ist without local self governing in the State's, history, D. L; Floyd,
funds on hand to call in and pay units and it is time they learned statistician for the Georgia, Crop
to
there
from
down
CONNECTICUT
no.
delin¬
Only one
county, Hernando, had more than
5% delinquency. 14% of its taxes
reviewed
Jacksonville
recently for
"Times-Union"
the
first
operations
of
the
son
year's
Administration.
Board 'of
State
This Board is
the
set up by
which is
refinancing
county
r o a d 1 and
bridge debts under the recently
adopted
constitutional
amend¬
ment pledging 2 cents of the gas
tax to support the SBA refunding
legislative
bonds.
an
agency
enactment,,
■
,
Board
State
of
/
Administration
auditors, writes Mr. Johnson, fig¬
ure
$2,725,310 in future interest
payments has been saved by re¬
financing or early retirement of
$3,665,000 in county road and
bridge debts during the Board's
first
year
as
a
constitutional
agency.
Most of
the
has
from
saving, $2,447,528,
refunding. New
bonds to replace old ones were
sold on competitive bids at much
come
lower interest rates than were be¬
ing paid
on
the original debt, then
funds from the sale
pay
used to
were
off the old bondholders.
The
have
bonds
new
a
ready market, with dealers ready
to
interest rates which are
name
generally lower than
in
fore
tory.
any
time be¬
State's, financial his¬
the
.
The
Municipal market.
The
approach of the year's end has, as
usual, slowed business down and
trading in the dollar bonds has
been
light.
well.
Prices
are
considered
are
holding
up
thirty days, as for example, Lake¬
land Refunding Utility bonds and
various
vey:
investors.
From
will
present
indications
another
be
big tourist
»
this
year
for Florida. All sections seemed to
share
in
the
influx, despite gas
and inadequate train
rationing
tween
The main difference be¬
this
crowded
to
pleasure.
are
While
in
pour
are
and
former
Florida
make
traveling
Suitable
a
accommoda¬
hard to get.
tax
to
money
tax
continues to
collectors,
there
conditions
aren't
going
indefinitely.
communities
As
or
near
war
to con¬
training
cut
down,
them
feel
because
50
for
years
will
be
there-( Fortunately, the cities and
counties are finally
waking to the
them, plus a Su¬ fact that post-war
projects are
preme
Court
ruling that the necessary to cushion the blow
property
taxing power
of the when hostilities cease. Heretofore
retire
counties
tax
gas
to
pay
can
be
fails to
called
on
produce
if
the
enough
off.
Of the
21
issues
of
bonds
re¬
funded by the Board, none had an
interest rate of less than 3% and
many
On
of them
new
ran
bonds
as
high
sold
them five issues bear
high
as
3%
and
the
to
as
6%.
replace
interest
rest
as
scale
should
a
a dispassionate sur¬
recognized authority
be
whether
made
the
determine
to
Atlanta
and
Fulton
County schools should be merged
whether one public educational
system should be created for the
entire
He
metropolitan district.
said
the
bond
issue
would
clared
devotion to
public
the
de¬
purposes
"Since all public control for the
perpetuation of the public
peanuts and tobacco, in that or¬
der,
were
the
principal
cash
crops.
•;
■'/'
j;/ ■\,;;:77;'
_
.
■
/
State's cotton crop
The
ued
•
''
is val¬
removed
property would be taken and used
would, be
a
private purpose for
pecuniary profit and not a public
price
higher
little
thai!
last
^7.' .V
high production of
peanuts and considerable increase
in price gave; that crop a total
value
of
$64,616,000,
or
58%
above
last
year's record.
The
State again led the nation this
year in peanut production.
a
season.
record
A
in the
crease
local
Civic Federation
,
tax
v
at all.
purpose
at
$107,258,000 for lint and
seed, an increase of 7% over 1942.
Production was slightly less and
with, the
the
:
"
the taking
7
"The law authorizing
of private property
for a public
of just com¬
pensation therefore does not per¬
use
upon
mit
the
payment
taking of private prop¬
,
erty for' private use.",
."7
-
The court pointed oui
that
7/
en-
fonperp^nt of restrictions iir the
deMsTQl sale would be wholly in
the bands of private owners.
Passed
two years ago by the
Legislature, the Neigh¬
borhood Redevelopment.. Act ;was
designed to enable the assembling
of large tracts of land for housing
projects in blighted areas.
The
act- granted powers of condemna¬
tion to privately financed housing
corporations operating under mu¬
nicipal regulation.'
■i Judge d; Miner's
decision
was
given in a suit brought by John
F. Zurn, an accountant in the real
estate firm of Edgar D. Dunning
Illinois
&
Co., Chicago, which sought to
the expenditure of $1,000
appropriated by the city to meet
expenses of the municipal super¬
rate, the. visory
commission
established
said in ..a
state¬
block
under .terms of the act.
;
:
7
ment
*
extensions. after; the war,
result
in greater
which, would
overhead
6,
the
to
$2,000.f
value: of
face
,
and
constantly increas¬
Dated June
1, 1940.
Due Feb. 1,
The bonds with all matured
1960.
ing. local taxes," the statement,
and unmatured interest coupons
by Douglas Sutherland, ex¬
attached should be presented for
ecutive secretary of the federa¬
•payment at the
City National
tion, said. "It would be. foolhardy
Bank & Trust Co., Chicago.
In¬
for our local governments to em¬
terest ceases on date called.
7
bark on a great expansion of fa¬
cilities
program,
when we are
Metropolis, III.
/
Bonds
Authorized — The • City
having difficulty financing the
facilities we already have."
Council is said to have passed an
read
-
provide a comprehensive and co¬
educational high school on the
north
Henry
Large Revenue Drop Forecast—
signs here and there that
tinue
the
years,
its
to insure
uses is
completion of
redevelopment area, the grant
Higher prices
and increased of the power .of eminent domain
production both played a part in becomes the crux of the entire
the increased valuation. : Cotton, act.
The purpose - for which the
side,
improvements
for
;
If deferred repairs and reha¬
Grady School for Boys, bilitation
are
necessary
in the
when traveling was unrestricted, additions to Girls' High School, immediate
post-war years, the in¬
is that the tourists won't be able construction of new junior high creased costs should
be offset by
schools and general improvement
to move around the state as
much,
reducing park expenditures along
of the plants.
will stay
other lines, it was suggested.
longer in one place.
Gasoline is out for pleasure trips
Georgia (State of)
Danville, III.
and trains
and busses
are
too
service.
.
used to
by
or
they the difference.
Ship building will
are
backed by a
constitutional be one of the first to
go, in fact
guarantee that 2 cents of the tax the
pinch is already being felt
on
every gallon of gasoline sold
in
Sutton said
.
Refunding Road bonds
sold by the State Board of Ad¬
ministration, have brought high
prices and have sold readily to
y
the prop-;
over
presented at the Chicago
Johnson City Township High Sch.
park district public budget hear¬
;
District No. 204, III.
f
ing oh Dec.. 27.: ,v .•.
■;•'v ■;■
Bond
Call — C.
B. ; Stanley,
tem were recommended to the
"Specifically, we do not believe
Treasurer of the Board of Educa¬
Atlanta Board of Education re¬
that plans should.be made for a
tion, calls for payment on Feb. 1,
cently by retiring Superintendent
great program; of Chicago park;
Willis A. Sutton.
-v.
iW.
41/2% refunding bonds Nos. 5 and
district
New issues offered the past
camps are abolished
securities
investments
prime
a
Florida
tions
found
merger of- facilities should be
undertaken, and an early vote on
a bond issue of from $6,000,000 to
$8,000,000 to complete the build¬
ing program for the Atlanta sys¬
There is little to report of par¬
interest
as
regards the
ticular
extend its control
erty after it has been condemned
,
1941 and 450%' above the de¬
pression low of 1932, is the high¬
est since 1919, when the figure
was placed at $578,000,000.
v
~
'
First-Year SBA Bond Refinanc¬
quate consideration, the law must
year
,
ing Reviewed—Malcolm B. John¬
without his consent,, even for ade-,
and uses.
Reporting Service, reported on The present statute does not meet.
Dec. 24.
7;7-'y:/:, 7.7;;: the requirements and is unconsti¬
The valuation, 99% above the tutional.
/ 7 7
'■>
hand to pay on the" due dates.
pared with $30,622,618, a decrease
However, interest rates on these were unpaid. 30 counties reported
of $9,843,916.
bonds were even further below less than 1% delinquency.
7;':-S7
"While it is generally expected
the old rates for the debts than
Percentages
of
delinquency
.that revenues from the corpora¬
they- were- in -the ease of - refund¬ among, the.. larger. counties were:
tion business taxes will remain
~r
Dade .26, Duval 1.94, Hillsborough
ing prior to maturity.
ILLINOIS'
~"~r
next year at the level of the pre¬
Altogether, the Board has refi¬ .41, Palm Beach 1.47, Polk .61,
ceding year, decreases in that
Pinellas .70, Escambia 1.64, Ala¬ Champaign County (P. O, Urbdna),
nanced $4,919,200 in county road
source
would
substantially re¬
and, bridge debts and has paid chua .63, Putnam 1.78,; Leon .30,
u.:\'■
duce any possibilities for surplus
Bond Election—It
is reported
off $396,500 before it; was due. Marion 1.76, Orange .49, St. Johns
similar to that of the past two
that the voters will be called upon
Fifty separate bond issues of 19 .11, St. Lucie 2.40, Sarasota .75
years.
Volusia 2.26, Lee .58,. and Mana¬ to approve an $80,000 county bond
counties
were
involved in
the
Surpluses of the last two years
7v'
issue at the April election.
transactions.
7'-[■'}■ v; 7; ■■■ tee .94.
have been adequate to provide for
Municipal
Market
Activities
the retirement of the State's di¬
GEORGIA
Chicago Park District (P. O.
following • com¬
rect debt, and the $4,000,000 bal¬ Discussed—The
Chicago), III
,
Atlanta, Ga.
*
ance
therefrom
has
been ear¬ ments are taken from the Decem¬
Post-War
Extension
Program
Educational
Merger
Surveyber issue of the monthly bulletin
marked for post-war uses.
Deprecated — Post-war planning
Bond Vote Urged—A survey of
on municipal
of Chicago's local governmental
bonds^ published, by
FLORIDA
A. B. Morrison & Co., Congress educational facilities of metropol¬
units; should start from, the prem¬
Florida (State of)
itan Atlanta to determine whether
Building, Miami:
ise that there shall be nn in¬
,
"But to justify 'the taking of a
private property from the owner
;
The
State
duced
to
budget
be
re¬
essentials
for
must
absolute
1944, according; to State Auditor
B.
E.
Thrasher, who - estimates
that the State will lose approxi¬
mately $6,000,000 Tn 1944 through
its policy of allowing deductions
in personal income tax statements
of
calling
bonds.
an
or¬
the
incomes. Now,
the
Government
takes
so
much more, this law
costs us a great deal."
we have heard
He pointed out that only six
mostly talk of a
general nature, now we are begin¬ other States in the Union—Iowa,
ning to get some constructive Kentucky, Missduri, North Da¬
plans. But some of the counties kota, Virginia and West Virginia
and cities are
going to find fi¬ —allow this deduction, though
nancing harder -than they ex¬ two
others, Massachusetts and
pected and rates higher because Wisconsin, allow a partial deduc¬
of homestead
exemption cutting tion. ;
out tax levy for bohds on the
Adding to the financial woe of
most desirable
property. Neither the State is the fact that State
however,
since
!
f
Monsanto, III.
Bonds
;,7
Approved — Legality
•
of
\
^
Illinois
issue
been'
funding
'
■
an
sewer
15, 1943.
issuance
judgment
$114,000
for
decree
was
Mt.
Bonds
Vernon, III.
Authorized
—
The
City
Council is said to have^passed an
ordinance
(State of)
Slum Clearance Act Ruled In¬
entered
at
unconstitutional.
The court
cision restrains the city or
tion of individual
issuance
create a
Dec.
dinance
taxes then took such a small porr
.
to
received for consideration
Chicago on Dec. 27 by Circuit
Judge Julius H. Miner, holding
that the Illinois neighborhood re¬
development corporation law is
was
$20,000 bonds,
working cash fund.
of $140,000 2% public
improvement bonds
has
approved
by Charles
&
Trauernicht Of St, Louis. Dated
passed sev¬
eral years ago, the State suffered
no
great
loss,"
Thrasher
ex¬
plained, "because Federal income
"When this law
of
Bond Ordinance Pending—At a
recent meeting the City Council
valid—A
for Federal taxes.
ordinance, calling for the
de¬
of
Calling for the issuance
$20,000
general
obligation
bonds, to create
fund.
a
working cash
."/.v
■
Normal, III.
:
77-
Bond Sale Details—The $35,000
bridge repair bonds reported sold
in v. 158, p. 2625, were purchased
the
Redevelopment
Com¬ by C. E. Bohlander & Co., of
using any of the Bloomington.
appropriated by the City Omaha Township (P. O. Omaha),
Chicago
mission
funds
Council
from
to
finance
its
functions.
III.
While
admitting that the rede¬
Bonds Voted—An issue of $10,velopment corporation law was a voted at the election on Nov. 26.
genuine attempt to "promote and 000 road improvement bonds was
finance the sorely needed Clear¬
ance
and
and
rehabilitation
blighted
of
slum
Palatine
Township
High
District No. 211,
School
111.
in our cities,
and is beyond any doubt a laud¬
able purpose of paramount im¬
District Treasurer, calls for
portance," Judge Miner added:
ment at par and
areas
Bond Call—Frank J.
Oltendorf,
pay¬
accrued interest
•,
aa,:
Feb; ilj. refunding
on
The substantial gain in the ex¬
bonds. Nos; 7-
led by continuing
high level collections from amuse¬
ment and cigarette taxes. Losses
'and unmatured, interest coupons among the license taxes are gen¬
attached should be presented for. eral. In the road group, motor
•payment-at The Northern Trust transportation taxes are ahead
cise
12, to the face value of $6,000,
"Dated Aug. 1, 1941. Due Feb. 1,
1961.* The bonds with all matured
to
1/
is
group
,
Chicago.
of
Co:,
call date. ?
:on
[.■>"'•. u.".;'
MASSACHUSETTS
Auburn, Me.
Note Sale
loan
porary
The
—
(P. O,
Taunton),
Mass.
Note Offering—Ernest W. Kil-
for
sale
,y\-
on
$1,000,000
month,
a
12%
is
be¬
1942,'v:-i'V'
municipal building bonds sold to
Co., of Chicago,
Mercer County (P. O. Harrodsas 2 V2S, at a price of 101.026, as
burg), Ky.' ^;V;
,•
reported in v. 158, p. 2625, are
Bond Sale Details—The $39,000
dated Nov. 1, 1943. Denom. $1,000.
school building revenue refund¬
Due Nov. 1, as follows*. $1,000 in
ing bonds sold to Stein Bros. &
1945 to 1959, and $5,000 in 1960 to1
Boyce, of Louisville, as 2V?$, at a
1963.
Interest payable M-N.,"
price of 102.50, as previously re¬
Rock Island County (P. O, Rock ported
in
these
columns
are
due
1
July 1, as follows: $4^000
Island), III.
1944
and
Bonds Authorized—The Forest in
1945,
$5,000
in
Preserve Commission is said to 1946 and 1947,. $7,000 in 1948, and
have authorized the issuance of $8,000 in 1949. Bonds maturing in
hind
,
.
,
159,
p.
54—was award¬ roy,
and
1949
1950," callable
and
1949 at par and inter¬
est, in inverse numerical order.
on
after Jan. 1,
Zion, III.
Bond Sale Details—The
$10,000
Trimble County (P. O. Bedford)
Barcus; Kin¬
dred & Co;, of Chicago, at par, as
"reported in v. 158, p. 2406, were
Bonds Publicly Offered — Stein
"purchased as 4s, and are dated Bros. & Boyce of Louisville are
'Nov. 1, 1943. Denom. $1,000. Due offering to public $31,500 3lk%
on
May 1, as follows: $3,000 in coupon school building revenue
1964 and 1965, and $4,000 in 1966.
bonds, to yield from 1.25% to
Interest payable M-N.
i
2.75%. Dated Jan. 10, 1944. Prin¬
water bonds sold to
K
cipal and interest
INDIANA
East
Warrant
.
able
Chicago, Ind.
Sale,
The
$200,000
time warrants offered for sale
Jan. 4
—-
v.
158,
awarded .to
of
Bank
p.
2625
First
The
—
on
were
National
East
Chicago, at 1 J/4%.
16, 1944. Due on or be¬
Dec. 31, 1944.
Dated Jan.
fore
Madison School
; V
City, Idd. :
Sale—The $40,500- build¬
Bond
.
ing bonds offered Jan. 5—v. 158,
p.
2625—were awarded to Fox,
Cincinnati, as Is,
at par plus a premium of $41,
equal to 100.101, a basis of about
0.978%. Dated Jan. 15, 1944 and
due as follows: $3,000 Feb. 1 and
Aug. ,1 from 1945 to . 1947 incl.;
$2,500 Feb.-1 and Aug. 1, 1948 and
1949V" $3,500 Feb. 1 and $3,000
Aug. 1, .1950; $3,4)00 Feb. 1, and
Aug. 1, 1954. Second high bid of
100.51 for i%s was made by the
City Securities Corp., Indianapo¬
Reusch & Co. of
;
lis.
::
"
Dubuque, Iowa
Bonds Authorized—An issue of
$130,000
site land pur¬
approved by the
City Council at a recent meeting.
airport
chase bonds was
KENTUCKY:
Kentucky (State of)
Trend of Tax Collections Sum¬
marized—The
following informa¬
tion 4s taken from
the Dec. 10th
issue of the State Department of
Revenue Monthly report:
State
"
of
,
1
tax
revenue
collections
the first five
months of the fiscal year are 12%
below the corresponding period
a year ago. November collections,
except for license and road taxes,
held up unusually well. General
$18,888,450. for
Fund and Road Fund tax
ues
for
the
10%
and
year
to date are
behind,
"Other"
while
12
respectively,
funds
ahead of last year.
The breakdown
by
1
reven¬
are
.15%
sources, July through November,
sho ws that every * source, except
for the excise group, continues to
behind. / However, the prop¬
'•
run
pay¬
and
Loan
The fol¬
and Stites of Louisville.
lowing information is taken from
the statement of the offering:
The
refund
are
the
Holding • Company
bonds of the Trimble County Edu¬
cational Corporation, which
bonds
were
originally issued in the
amount of
$40,500—the balance
having been retired. The proceeds
from the sale of the original bond
issues were used to defray part of
construction
of
cost
through
0.483%.
payable solely
by an exclusive
gross income and
derived by lease of said
pledge of the
revenues
yearly
basis
to
the
Trimble
County
Board of
Education by the Fiscal Court of
Trimble
County at an annual
properties
on
a
sufficient to pay
all interest and principal
bond issue when due.
on
this
In addition
this, the Trimble County Board
of Education will pay for ade¬
to
quate
State
are
'following anticipated- levels along
with the import tax.
The income and | death taxes
are
down 10% for the year chief¬
ly because of a marked drop in
the
final
installments on 1942
corporation income taxes. Death
taxes ar.e
year.
-
'
slightly - lower, than last
-
■
11943^116 Municipal Finance Offi; cers Association reports,
of the following report
Perusal
.
ton, under advice of Ropes, Gray,
Best, Coolidges & Rugg, and all
legal papers incident to this issue
-
:
,
Maine
(State of)
Bonded Debt
Controller
22
Dec.
on
J.
Reduced
J.
Allen
that
indebtedness
-
—
State
will
estimated
Maine's
be
filed
where they may
bonded
right
of
$24,305,000 as of
June 30 this year, the lowest at
the end of any fiscal year since
1931, would be reduced by $3,314,000 at the close of the current
fiscal year next June, bringing to
$7,117,000, the total net decrease
and
■
,
,
,
is
bids
to
reject
city treasurer set a
record—100% collection of
accept
July,
1943, tax roll. The personal tax
levy became due July 19 and was
100% collected before Nov. 30.
any
In
addition, 97.7% of the
property tax levy
collected by Nov. 30, 1943.
;
In addition, Lansing was
Essex County (P. O. Salem), Mass.
Note Offering—Lena H. Green,
11
a.
was
ex¬
tremely
active during 1943 in
purchasing war bonds and other
Federal securities, and the mu¬
Temporary County Treasurer, will
receive sealed bids until
cur¬
real
rent
V> Vy..
.,
new.
per¬
sonal property taxes on the
any
to
and
and will be
The
bank,
"be inspected. The
reserved
all
assessed valuation
paid off entirely by 1945.
I
said
with
part thereof.
since June 30, 1942.
m.
nicipality now has more than $5,633,000 invested in Federal bonds.
Employes of the city, also, bought
more than $100,000 in war bonds
ecutive council said net reductions
$900,000 Tax Anticipation Notes,
of $1,939,000 and $1,864,000 were
Due Nov. 8, 1944. Issued in •last year through the city's payroll deduction plan.
recorded at the end of the fiscal
anticipation of taxes for the
Allen, in his
Gov.
(EWT)
annual
Jan. 11 for the purchase
$1,650,000
temporary
loans
report to of
Sumner Sewall and the
on
divided
ex¬
as
•
follows:
.
.
years June
30, 1942 and 1943, re¬
spectively—a total of $3,803,000.
(EWT)
bids
J an.
on
chase. of all
until
11
or any
for
amendment
pur¬
of Balti¬
thereof. This
re-
payment.
23/4%
voting
machine
loan bonds, due $100,000 Aug.
1, 1945 to 1947, and $133,000
350,000
1962.
plan is on an actuarial re¬
basis requiring a 5% con¬
tribution
from
policemen
and
firemen; the old plan was on a
'
;v;v
cash disbursement basis
*
■
Hospital
Tuberculosis
.a
1
111,
»-
and
Acts
in
amendment
,
^
4%
'
Each issue is dated Jan. 15, 1944.
Payable
at
Merchants
National
National
as
Shawmut
fol¬
Bank
of
amendment
providing
for
a
for
to
the treasurer
con¬
serve
secutive terms.
public
310,000 4% borids divided
Second, they approved a char¬
single assessor instead of three,
beginning in January, 1946.
Third, they approved a charter
amendment
allowing V the
city
treasurer to succeed himself; up
to now it has not been possible
thereof and in addition thereto..
requiring
2% contribution.
ter
15, 1945. Issued under authority of General Laws, Chapter
Bank, Salem, or at the National
buildings Shawmut
Bank, Boston. Delivery
loan bonds, due $114,000 Oct.
on
or
about January 17, at the
1
1945 to 1954
1,140,000
Re*
serve
Maintenance Notes. Due Jan. |
Aug. 1, 1948.
772,000 3% fourth water loari
bonds, due $193,000 Nov. 1,
1952 to 1955.
;
:
575,000 3% public buildings loan
bonds, due $115,000 Oct. 1,
Firemen's
and
new
funds to be assessed for their
$433,000
•
Policemen's
tirement plan to replace the un¬
sound and costly plan which has
been in effect for six years.
The
by statutory limitations as to
the date of original issue, and
not by reasons of failure of
serial coupon bonds:
1958 to
.
newal issue is made necessary
a.m.
the
city officials in making sev- s
improvements in municipal
administration,
the
association
said.
First, they approved a new
-
part of the fol¬
lowing: $4,200,000 City
more
11
Voters collaborated last Nov. 2
eral
Notes.
$5,000.
Due
April 1, 1944. Issued under
authority of- General Laws,
Chapter
111,
and
Acts in
Agent Offering $4,200,000 Cou¬
Bonds—Baker, Watts & Co.,
of Baltimore, as agents, will re¬
v
with
Hospital
Renewal
Denominations
pon
sealed
Tuberculosis
■
Maintenance
Baltimore, Md.
ceive
[
1944.. iV'./.:
year
400,000
MARYLAND
lows:
Michigan (State of)
Bos¬
Debt
to be Paid
.
Off—The last
insurance
imposed
constitution
of
and
coverage
and
the
properties.
upon
it
»
•
4%
public
without
bid must be
Each
cost.
notes
will be, authenticated
as
are
13
bids.
at
Central
National
to
Water town,
Notes Offered
Bank of
—
The
and
Expenditures
Town
received
sealed
bids
until 3 p.m. on Jan: 7, for the pur¬
$51,034,673.28,
total
or
89.82% of the
Included in
is
$14,293,-
V
Detroit, Mich.
because appropriations
'
sion fund, the balance of $36,741,319.66 representing the total ex¬
nue—Detroit passed an ordinance
purposes, or
since
the regular session early this year
that a special session would be
made for only a single year
of the diennium due to the finan-
annually the budget of the Trim¬
ble County Board of Education.
payable pended for operating
■
ever
were
New Source of Municipal Reve¬
service
had been known
necessary
and pen¬
debt
It
MICHIGAN
appropriations.
these
expenditures
for
*
three weeks.
chase of a $300,000 temporary
Summarized—During the eleven loan. Dated Jan.
7, 1944. Due on
months of 1943, the city has ex¬
Nov. 15, 1944.'
pended for all purposes a total of
the
in special mes¬
He expressed the wish the
session would be brief, suggesting
adjournment should be feasible in
sages.
353.62
While these bonds are
only the necessity for making ap¬
propriations for the coming fiscal
year in his call, explaining that
he would submit. other matters
Mass.
Board of Education must approye
,
Summoned to Spe¬
Session—Michigan legislators
were called by Gov. Harry Kelly
to meet in special session on Jan.
31. The chief executive mentioned
Legislature
cial
Treasurer
Revenues
has
for consideration
and delivery
to be made at 11 a.m. on Jan.
Payment
Baltimore.
bonds. The State alretired a $30,000,000
soldiers' bonus bond issue of 1921.
ready
.
all
v
highway
1
accompanied by a good faith de¬ genuineness and validity by the
Second National Bank of Boston,
posit in the amount of 2% of the
under advice of Ropes, Gray, Best,
par value of the bonds bid for in
the form of a certified check pay¬ Coolidge and
Rugg, of Boston,
able to the Agents.
Agents re¬ whose opinion will be furnished
the purchaser.
serve the right to reject any or
the
State
loan Issued in anticipation of taxes for
the
year
1944. Payable at the
Second National Bank of Boston,
Legal opinion of Wood, Hoff¬
and delivery will be made on or
King and Dawson will be
furnished
the
successful bidder about Jan. 13, at said bank. The
of
The
library
1, 1962.
man,
by
statutes
Kentucky.
$285,000
loan bonds and
bonds due Oct.
These bonds are
from and secured
sumer's'tax, arid
taxes
re¬
Corp., at 0.48%, plus a premium genuineness and validity by the
of $8.00; E. H. Rollins & Sons, at National Shawmut Bank, of Bos¬
favor of the bondholders.
duties
consumer
will
85,000
162.120
soared, particu¬
larly in the distilled spirits Con¬
beer and wine
Treasurer,
including all future additions, in
major schools of the
County Board of Educa¬
tion School System, and have an
enrollment of approximately 758
pupils
against
a.
total enroll¬
ment for all the county schools of
about 1,050. These bonds are. is¬
sued in,accordance with Sections
off for the year but Novem¬ ;outstanding agrees to perform all
19 %; .gaiPnOyer
County
162.300 of Ken¬
tucky Revised Statutes, and a sta¬
tutory mortgage lien has been
created on the land and buildings,
the
are
Trimble
collections
registered. .The
:
municipal achievement during
ton-.
The notes will be certified of
general obligation bonded debt,
third
water as
to genuineness and validity by
which in 1925 totaled $80,000,000
$85,000 public the
National Shawmut Bank of
is scheduled to be paid off in 1944,
library loan bonds due Oct.
Boston
under
advice of Ropes,
D. Hale Brake, State Treasurer,
1, 1958.
;
Gray, Best, Coolidge & Rugg, of declared Jan. 2. He also said that
370,000 4% bonds divided as fol¬
Boston.
the State Legislature would have
lows:
$285,000 third
water
to appropriate some $500,000 to
loan bonds and $85,000 public
Plymoutth County (P. O. Ply¬
reimburse the sinking fund for
library loan due Oct. 1, 1959.
mouth), Mass.
Note Offering—Avis A. Ewell, previous bad .investments, to pay
370,000 4% bonds divided as fol¬
lows:
$285,000 third water County Treasurer, will receive off in full the $11,071,000 worth
1
loan bonds and $85,000 public sealed bids until 11. a. m. on Jan. of
highway bonds outstanding.
library loan due Oct. 1, 1960. 11 for the purchase at discount of The last installment will be due
From 1919 to 1925 the
85,000 4% public library loan $300,000 notes. Dated Jan. 11, 1944. Nov. 15.
bonds due Oct. 1, 1961.
I Denom. $25,000. Due Nov. 16,1944. State issued $50,000 worth of
ber
a
*
.
and im¬
proving Trimble County High and
Graded School at Bedford, and
the
Trimble
County High and
Graded School at Milton.
These
41 %
November. 1942, is
are
unusual,
an
,
to be used to
of
erty group has exhibited Consider- > maintenance
The Trimble County Fiscal Court,
able stability.
r;
;v :
The alcoholic beverage group is so long as any of these bonds are
;
City officials
upon
.
proceeds from the sale of
this bond issue
rental which is
aggregate
(J-J 10)
Bedford
the
at
Deposit Bank. Mature $2,000 Jan.
10, 1945; $2,000 in 1946, $2,500 in
1947, $3,000 in 1948, $3,500 iri 1949,
$3,000 in 1950, $3,000 in 1951, $3,500 in 1952, $5,000 in 1953, and
$4,000 "in
1954.
Denominations
$500 and $1,000. Callable on any
interest payment date in inverse
numerical
order -upon
30 days
published notice on and after Jan.
10, 1949, at 103 and interest. Le¬
gality to be approved by Stites
the
':: IOWA
—
back
and almost unprecedented record
of
■
ed to the First-Auburn Trust
.
$90,000 property purchase bonds.
Record
looking
i
Bristol County
$425,000 tem¬
offered
City Sets Unusual Accomplish¬
ment
by. the
Co., ceive sealed bids until 9:30 a. m.
City Comptroller of the communat 0.45% discount. Dated Jan. 3,
(EWT) Jan. 11 for the purchase at
ity of 80,000 population shows
1944. Denomination $25,000. Due discount of
$300,000 notes. Dated
1 ■;
•;
on Dec. 4, 1944.
The next highest Jan. 12, 1944. Denom. (10) at $25,- why:
Lansing ended 1943 entirely
bidder was Goldman, Sachs & 000,
(4) at $10,000 and (2) at J
free of any overlapping county
Co., at 0.46%, plus a premium of $5,000 each. Note is payable Nov.
and school debt; its own bonded
>$i6.oo.;'V'^-;:c:^^
14, at the National Shawmut Bank
debt is very small
$215,800,
Other bidders were: Goldman, of
Boston, and will be ready for
Sachs & Co., at 0.46%, plus a delivery on or about Jan. 12. Said [which averages out at $2.75 per
premium, of $16.00; First Boston notes will be certified as to the capita or $2.02 per thousand of
Daniel F. Rice &
,
MAINE.-Kl^;■
,:Y
Lansing, Mich.
I
■
The gasoline tax, which appears
to be stabilized at a little above
-
Bend Sale Details-^The $35,000
■
$55,814,701.56 for the same period
\, Of 1942, and $56,419,066.60 for 1941.
the
Jan 3—v.
-
Park- Ridge, III.
•
school
age
residing in
County and other income.
of
153
and license taxes are even.
Interest ceases
.
FINANCIAL CHRONICLE
THE COMMERCIAL &
Voluble 159' v v:Nu\hber^4.24'5/;
levying
nues
a
20% tax
on gross reve¬
of privately-owned gas and
The tax is ex¬
solely from the above rental, the 86.86% of the operating appro- electric utilities.
following is given as a matter of j priations.
This compares with pected to yield between $10,000,and
$14,000,000
information only. Trimble County^2.65% for 1942, and 86.50% for 000.
annually
cial uncertainties of
war.
To
ex¬
pedite framing of the budget for
the
fiscal year beginning
next
July 1, Kelly revealed that Senate
and
House
finance
committees
,
.
Board of Education derives its in¬
come from taxes and annual per
capita
.
u
payments from the State
c-
-aueation ror
each child
which will be set aside to.finance
1941;
post-war improvement program,
during the
National
this year totaled •the
Association
of
as compared with Assessing Officers reports.
Revenue collections
11
months
of
$57,182,732.11
a
would convene
Jan. 5 to conduct
budget hearings and prepare ap¬
propriation bills for introduction
on the first day of the session.
Gas Tax Collections
October—Michigan
Down
gasoline
for
tax
/
THE COMMERCIAL &
154
not
Co., of St. Paul; Bigelqw Webb &
Co., of Minneapolis; Park-Shaughnessy
& Co., Juran & Moody,
Greenman & Cook, Inc., all of St.
Paul, and Geo. C, Jones & Co., of
Minneapolis, as 1.40s, at a price
of 100.112, a basis of about 1.361%.
Dated Feb. 1, 1944. Due $675,000
on Aug. 1, 1956, and from Feb. 1,
1957, semi-annually to Feb. 1,
in¬
1963.
basis of about 1.687%.
1, 1944.
Due. $1,000
July 1, 1945 to 1954 inclu¬
The next highest bidder
collections in October for Septem¬
of 100.35, a
$2,163,156,
October,
1942, a decrease of $738,503,, or
25.45%, according to State tax
and inspection figures. Collections
Dated
gallonage totaled
$2,901,660
in
ber
from
against
the
in
first
of
months
ten
sive.
Certificates Approved—A reso¬
Total number
October
for
filed
lution was
was
$267,1942
month, a decrease of 506 claims,
and $54,990. Total number of re¬
fund claims paid for October was
police department fund, and $5,500 health department fund.
Due
1944.
under the
provision of the income* tax stat¬
ute which provides "in substance
opinion
it
said
came
that all taxes except income
may
"No
what
matter
ceive
>
Co., Shields & Co., John
F. Childs & Co.,
&
Illinois
worth
CO., Chicago; Braun, Bos&
pp., First of Michigan
Milwaukee
Co., Martin,
& Corbett, and Midland
Corp.,
Burns
National Bank & Trust
Co., Min¬
neapolis, for 1.40s, at a price of
100.029,
income,"
V
•
$$$$
County (P. O. Macon), Mo.
Bond Sale Details—The $56,500
m% Public Hospital bonds sold
G. H. ; Walker & Co., of St.
to
Louis,
reported in
as
are
in
for
159, p. 55,
$1,000, one
v.
of
Pontiac, Mich.
Tenders Wanted
man,
ceive
Oscar Eck-
—
Director of Finance, will re¬
sealed tenders until 5 p.m.
(EWT) on Jan. 11 of
Phelps,
$35,000 series Co., of Milwaukee,
Fenn
as
&
Co.,
Definitive
change; of definitive bonds of the
above
Commission's : refunding
issue for outstanding
temporary
bonds is
ed
Royal Oak Township School Dis¬
trict No. 7 (P. O. Royal Oak),
$2,480,000 refunding, at a price of
100.35,
a
basis
of
about
&
Savings Bank,
Wanted—Edward Par¬
kin, Secretary, Board of Educa¬
tion, reports that he will receive
sealed tenders of 1937 certificates
of indebtedness
and 1937 refund-
iiig bonds, Series A, dated Sept.
1, 1937, until 8 p. m. (EWT) on
hand in
the various sinking funds are as
follows: Refunding bonds, $1,000;
Certificates of Indebtedness, $20,000. Tenders should fully describe
the securities offered, including
serial numbers, their par value,
and the amount for which they
Dec.
be
will
The amount
30.
Board
sold
to
the
Education
of
on
The
the
district.
reserves
right to reject any or all tenders;
.to waive any irregularities in said
tenders; accept the tender or ten¬
which, in the opinion of the
Board, are most favorable to the
district and to purchase additional
bonds and certificates sufficient to
exhaust
the
amount
of money
ders
^available for this purpose on Dec.
30.
Offerings should be firm for
two
same.
denom.
Commission's
Prin.
and
int.
Unexpended
Gas Tax Revenue
Continues to
experience a decline in gasoline
inshipments and gasoline tax rev¬
MONTANA
Reed, supervisor of the
Essex County Board of Freehold¬
ers, reported on Jan. 1 at
,
.
<
No.
128, bonds Nos. 5 and 6.
terest
ceased
;
In¬
bonds
these
on
on
,
.
.
,
,
Started—A survey
ployees'
pn
—
The
$10,000 street
bonds offered for sale
Jan. 4—v. 158, p. 2626—were
to E. J. Prescott & Co.,
Minneapolis, as l%s, at a price
awarded
of
Vice-President,
.Executive
ber's
said that the
Commerce.
Jr., the Cham¬
purpose
of the sur¬
is to develop legislative pro¬
posals for placing public pension
systems on a sound financial basis.
The
survey
is, being made by
Department
o£
Chamber's
the.
.
Governmental Research under the
The
direction of Alvin A. Burger.
will not cover the 190 local
police «and
firemen's
pension
survey
funds, as these were the subject
of a study made by the Chamber
last
vThis
year,
disclosed
in¬
study
that many of these funds are
,
{indebtedness
fered
for
&
Co.,
sale
of¬
4—v.
158,
on
Jan.
Louis.
v..
RFC
Green ville, Miss.
Bond
Refunding
;
ities
New York; E. Lowber
Co., of 'Philadelphia;
Northern National Bank, of Du&
Decision in the case was on ap¬
Co., of, that excess profits taxes it had
St. Paul; C. S. Ashmun & Co., and paid the Federal Government were
Woodward-Elwood & Co., both of not deductible items 011 its State
Minneapolis;
Caldweil, Phillips income tax return.
luth;
which
the
resulting
law
now
re¬
be met by deficiency ap¬
quires
propriations would cost New Jer¬
property owners more than
$250,000,000 in additional taxes
sey
the next 35 years.
over
-
of
unsoundness
"The
*
..
of
most
"Jersey's public pension sys¬
presents one of. the gravest
confronting>our,
officials, our public "em¬
ployees, and the taxpayers," Eaton
fiscal
■
peal of the Tri-State Transit Co.
of
Louisiana from the holdings
deficits
the
that
tems
NEBRASKA
Adopted
Lehman
of
Stokes
and
New
;
Corp., Eastman, Dillon & Co.,
solvent
registered.
all warrants
B. J. Van Ingen & Co., Bacon,
Co.,
Sale
of
A. Eaton,
,
MINNESOTA
Bond
by
Chamber
Charles
vey
systems is now
the New Jersey
pension
made
being
State.
•
porations are exempt from the
Ste¬ State income tax, the Mississippi
Supreme Court ruled on Dec. 20,
venson & Co., Otis & Co., all of
Mich.
New York; Alexander Brown & in reversing findings of the State
Bond
Offering — Charles
K.
Tax Commission and Hinds County
Sons,
of
Baltimore;
Hemphill,
Hart, District Secretary, received Noyes
&
Co.,
and
Campbell, Chancery Court.
sealed bids until 8 p. m. (EWT),
.The far-reaching decision on
Phelps & Co., both of New York;
on
Dec. 30, for the purchase of J. M. Dain & Co. and the Allison- which the court divided four to
$12,000 not to exceed 5% coupon Williams Co., both of Minneapolis; two, is expected to affect mate¬
school bonds. Dated Nov. 1, 1943. Kalman &
Co., of St. Paul; Piper, rially the $9,000,000 collected in
Denom.
$1,000
and $400.
Due Jaffray & Hopwood, of Minneap¬ income taxes by the State since
$2,400 from May 1, 1944 to 1948. olis; Newburger, Loeb & Co., of corporations included excess prof¬
Principal and interest (M-N) pay¬ New York; R. S. Dickson & Co., its taxes in their returns and now
able at the Ypsilanti Savings Bank.
of Charlotte;
Mullaney, Ross & may obtain refunds. The refunds
Co., of Chicago; J. R. Williston & may go as high as $2,000,000.
and water
of New Jersey
municipal, county and State em¬
,
Dasset, Minn.
an¬
organization meeting that the
county ended the year with an
Anaconda Special Improvement '
unexpended
balance T of
$422,Districts, Mont.
178.49.
In the last ten years, he
Bond Call—The City Treasurer
calls for redemption the following said, the county bonded indebted¬
ness had been reduced from $46,bonds: District No. 124, bonds Nos.
:
v
56 to 71; District No: 125, bonds 990,275.38 to $22,731,739.86. '
Nos. 37 to 43; District No. 126,
New Jersey (State of)
bonds Nos. 18, 19 and 20; District
Municipal
Pension
Inquiry
G.
■:
'
the
nual
Bros.,
Kidder, —The City Council and the Port
Fremont, Neb.
V',":
No. 7, Mich.
Peabody & Co., Phelps, Fenn & Commission, in a joint resolution
Bonds to Be
Sold — The City
Tenders Accepted—In connec¬ Co., Blair & Co., Inc., Goldman, adopted on Dec. 28, are said to Council will offer for sale at pub¬
tion with the call for tenders on Sachs & Co., Stone &
Webster have concurred in the proposal lic auction at 7:30 p. m. on Jan.
and Blodget, Inc., F. S. Moseley advanced by the RFC, to refund
Dec. 30, of 1937 certificates of in¬
18, $140,000 not to exceed 1 !4 %
& Co., R. W. Pressprich & Co., all $127,000 revenue terminal bonds semi-ann.
debtedness and refunding, Series
refunding bonds. Pur¬
of New York; First National Bank now held by the Corporation.
A, bonds dated Sept. 1,1937, Ed¬
chaser will be required to pay all
of
ward
Minneapolis, First
National
Parkin, Secretary of the
expenses,
including advertising,
Mississippi (State of)
Board of Education, reports that Bank of St. Paul, Northwestern
preparation of bonds, printing,
Excess Profits Levy Deductible
the Board accepted $1,000 refund¬ National Bank of Minneapolis, E.
registraton and attorney's fees.
in State—Excess profits taxes paid
ing bonds at 99.00, and $20,000 H. Rollins & Sons, Geo. B. Gib¬
Grand Island, Neb.
bons & Co., Inc., Equitable Secur¬ the Federal Government by cor¬
certificates at 95.00.
:
;
Ypsilanti Township Fractional Sch.
District No. 2 (P. O. Ypsilanti),
Reported
Balance
Ernest A.
Howard Speath, com¬ Jan. 1, 1944.
missioner of taxation, reported on
500,000 public relief, at a price
Missoula, Mont.
Dec. 21, when figures for October,
u of
100.36, a basis of about
City And Improvement District
1943, were compared with Octo¬
v:
1.033%. '
.
,
Bonds Called—The City Treasur¬
>•'
194,768 special street improve¬ ber, 1942.
er called for
payment at his of¬
October inshipments totaled 46,ment, at a price of 100.29, a
fice on Jan. 1, 1944, the following
364,327
gallons
compared ■ with
' basis of "about 1.045%.
' i f, f
city
and " improvement
district
Dated Feb. 1, 1944. Due on Feb. ! 50,012,548 gallons for the same
bonds
and
warrants.
Interest
period last year. Revenue showed
in 1945 to 1954 inclusive.
'
ceased on Dec. 31, 1943:
a
decrease, with the November
The next highest bidder was:
Improvement District No. 75,
collections, based on October in¬
Northern
Trust
Co.,
Chicago,
shipments, totaling $1,707,432.30. bonds Nos. 144 to 189.
Chase National Bank, New York,
Refunds of $98,803.38 leave a net
Improvement District No. 76,
First
National
Bank,
Chicago,
interest only.
v."•
figure of $1,308,628.92. Net collec¬
Bank of America National Trust
tions for November, 1942, were
Improvement District No.; 77,.
&
Savings
Association
of San
bonds Nos. 4 and 5.
$1,569,470.30.
:.
Francisco, and City National Bank
Lighting Improvement No. 7,
& Trust Co., Kansas City, jointly,
MISSISSIPPI
bonds Nos. 13 to 15.
^
for all 1.10% bonds, seeking $2,Lighting Improvement No. 8,
Courtland Consolidated School
048,000 at a price of 100.35; the
bonds Nos. 12 to 14.
District, Miss.
$500,000 issue at a price of 100.36;
Lighting Improvement No. 9,
and the $104,768 bonds at a price
Bonds Sold—An issue of $1,500
bonds Nos. 7 to 10.
of 100.19.
'
3% school bonds was purchased
■.y'V..":;''/'';''
Sidewalk
and
Curb Warrants
recently by the Bank of BatesMinnesota (State)
Nos. 592 to 609.
ville, of Batesville. Dated Oct. 15,
Lighting
Fund .Warrants, all
Certificate Sale—The $9,450,000 1943.
Legality approved by
warrants registered.
Rural
Credit
Deficiency
Fund Charles
&
Trauernicht
of
St.
"Maintenance
Fund
Warrants,
certificates
of
2521—were awarded to a syn¬
dicate composed of Halsey, Stuart
days.
Higginson
enue,
p.
Royal Oak Township Sch. District
Lee
Drop—Minnesota is continuing to
1.035%.
Mich.
Tenders
follows:
as
being made by the
now
$500,
the
follows:
1.10s, divid¬
B bonds.
J>
Commission
Joint
River
fiscal
agent, • the
and mature Feb. 1\ as. Land Title ' Bank • & Trust Co.,
$10,000 in; 1945, $15,000 Philadelphia.
Chicago, Chase National Bank,
The
principal
New
York, Chemical Bank & in 1946 and 1947, and $16,500 in' amount of $37,000,000 '2.70% bondjs
1948. The county reserves the op¬
Trust Co., New York; First Na¬
were
sold to replace the Com¬
tional
Bank, Chicago, Bank of tion of paying all bonds maturing mission's
4V\PhiladelphiaAmerica National Trust & Sav-, on Feb. 1, 1948, on Feb. or Aug. 1, Camden
Bridge bonds called for
ings Association, San Francisco, 1947, by v publishing, a call < and redemption on Sept. 1, 1943;
Salomon Bros. & Hutzler, Blyth giving said bond holders 30 days'
Essex County (P. O. Newark), N. J,
& Co., Lazard Freres & Co., Mer¬ legal notice of its intention to pay
Trust
Harris
Corp.,
Spencer
Trask & Co., Paul H. Davis & Co.,
Stone
& Webster and Blodget,
L. F. Rothschild & Co., Hannahs,
Inc., F. S. Moseley & Co., Paine,
Ballin & Lee, City National Bank
Webber^ Jackson & Curtis, the
First
of Michigan Corp.,
all of & Trust Co., Kansas City, and
New York, J. M. Dain & Co., of Iiayden, Miller & Co., for IV2S, at
a price of 100.659.
Minneapolis, and the Milwaukee
of
m.
(P. 0, Camden), N. J.
Bonds Ready — Ex¬
•
Macon
Bond Sale—The
posed
a.
NEW JERSEY
Delaware
MISSOURI
pon
$10,000,000; for 1945-46, $12,000,000; for 1946-47, $10,000,000, and
for 1947-48, $8,000,000.:
11
rer
of taxes
sort
(F-A) pay¬
$3,084,768 cou¬ cantile-Commerce Bank & Trust
able at the Boatmen's-National
semi-annual bonds offered for Co., St. Louis, R. H. Moulton &
,.
1 - .
sale on Jan. 4—V. 158, p. 2626— Co., Stranahan, Harris & Co., Inc., Bank, St. Louis.
propriation for 1944-45 would be
Coffin & Burr, Weeden & Co.,
were awarded to a syndicate com¬
$8,000,000
already
appropriated
post-war purposes. The ap¬
until
bids
sealed
H.
•
Laightqn,, City Auditor,, will
"taxes measured by
New York; Harriman
Nuveen & Co., C.
•
-for
■
Portsmouth, N. H.
Offering — Remick
Note
taxes
return."
be deducted in the
the
Hall
Bankers
were:
Co.,
tional Bank,
25, 1944. Denomination $50,
multiple thereof/Principal
and interest payable at the City
Building Pro¬ Treasurer's office.
gram Envisioned — The Michigan
State-Planning Commission pro¬ Martin County Independent School
District No. 77 (P. O. Truman),
poses
legislative approval of a
Minn.
five-year
building
and repair
Bonds Offered—'A. M. Hinton,
program
"for
State Institutions
District' Clerk, received sealed bids
that would cost $55,275,000.
;
Auditor - General
Vernon J. until 8 p. m. on Dec. 30 for the
Brown states that the State may purchase • of
$31,000 refunding
expect surplus revenues of $15,- bonds. Dated Jan. 1, 1944. Denom.
Due Jan. 1 as follows:
000.000 annually for the next five $1,000.
years, in addition to the $50,000,- $3,000 in 1945 to 1953,; and $4,000
in 1954.
Principal and interest
000/post-war fund it will have at
the end of June, 1944.
(J-J)
payable at any suitable
Legislative
approval
would bank or trust company designated
place $10,000,000 in the building by the successful bidder.v'.-•
fund
for
the
current year,
of
Minneapolis, Minn.
which $7,800,000 would be part of
majority
purchase at discount
$200,000 temporary loan..'notes.
Dated Jan. 11, 1944. Due Dec; 4,
for
11
of
Ripley & Co., Inc., Smith, Barney
& Co.', First Boston Corp., North¬
ern
Trust Co., Chicago, Harris,
bidders
New York; National
City Bank, New York; First Na-'
June
Large Five-Year
expectancy," Justice Ju¬
ited life
lian P. Alexander in;the
Jan.
sealed bids until 11 A. M. on
(EWT) on Jan. 11 for the pur¬
they are deduct- j chase at discount
$300,000 notes.
ible unless they have been paid as.
Dated Jan. 13, 1944. Due $200,000
income tax return." .:
Sept. 15, and $100,000 Dec. 15,
: ; In refusing the
company's peti-' 1944. Payable at the National
tion seeking exemption from the
Shawmut Bank of Boston, and is¬
taxes in question, the State Tax
sued in such denominations as the
Commission based its position on
purchaser may desire.
.■
!
the
that
contention
they were
Trust
or some
13,154.
Holding that the excess profits
"a war measure with lim¬
tax is
have been paid,
Other
debtedness, divided as follows:
$9,000 road and bridge fund; $8,000 fire department fund; $2,000
14,697 for
$212,463, against 15,203-for
454
in
the
corresponding
passed on Dec. 28, call¬
ing for the issuance of $24,500
to exceed 4% certificates of
V}"'.
of refund claims
'
.■
y-
Mankato, Minn.
1943
$21,044,491,
period;.
Kalman & Co.
was
and
were
24.83% below those for the 1942
totaled
Jan.
Monday, January 10, 1944
FINANCIAL CHRONICLE
Bond
Sale
Details—In
connec-.
stated
ment
Island,
v.
at
*', •••."
:
*•■' '•
c-
•
on
v. vc *
• •
$735,990
Receives
State
U. S.
rian
.
* * '
*
from
Bayonne Terminal—Pay¬
of $735,990
to the State by
the Federal Government for
ripa¬
Termi¬
being used by the Navy,
rights at the Bayonne
nal, now
was announced Dec. 8 by Director
Holmes of the State Department
Navigation. :•••,>
the payment was
of Commerce and
Holmes
tion with the sale of the $125,000
1% refunding bonds to the Over¬
land/National Bank of Grand
problems
public
the
said
largest single sum ever re¬
by the State for riparian
ceived
J,- ;;■
in rights.
The money, he said, would be
bonds
held in a trust fund pending set¬
follows: $20,000
par,. as
reported
.
158, p. 2626, we learn the
mature Jan.
15, as
in 1945 to 1949 and
tlement of what he
$25,000 in 1950.
minor
described as a
phase of litigation involv¬
Wahoo, Neb.
i ing payments for the rights. On
Bonds Authorized—An issue of
conclusion of the case, the $735,,-
2%
$35,000
refunding bonds has.
possible additional sum
$35,000 will be turned over to
cil. Dated Jan. 1, 1944. Denomina-; the
State
school fund, Holmes
tion $1,000. Due Jail. 1, as follows: said.
$2,000 in 1945 and $3,000 from
He
gave
this outline of the
1946 to 1956 inclusive.
Interest Terminal's history:
' .
been authorized by the
990 and a
City Coun¬
of
.
J-J.
Lo?*v
lin,
project was undertaken in
Central District, Inc.
The City of Bayonne later. took
over the project, on which WPA
and PWA funds were spent. Then
The
NEW HAMPSHIRE
Harold E. Wood &
Nashua, N. H.
Offering—Alfred O. Pou-
City Treasurer, will receive
the 1930's by
Volume
the Terminal
the Navy by
THE COMMERCIAL & FINANCIAL CHRONICLE
Nuhiber 4245
159
condemned for
was
the Federal Govern¬
ment, which built a graving dock
the
on
of
tract and
made other
the property.
V
Holmes said Governor
former Secretary
use
^
Edison,
.
of the Navy, in¬
terested the Navy in the Terminal.
•
The money
paid to the State by
Federal Government, Holmes
the
represented
the
amount
which Bayonne would have had to
said,
the State under its agreement
for purchase of the riparian rights.
Pending actual purchase, Bayonne
pay
the State an annual option
$5,000.
The options* total
paid
of
fee
$35,000, the additional sum which
the State may receive when Fed¬
eral Judge Fake signs the Jinal
decree,- 'v : .'V/yv'i/- „. ^
A Federal Condemnation Com-*
mission fixed - the Government's
•*
principal payment, Holmes said.
Constitution Revision Attacked
—A dispatch from Trenton to the
Newark "News" of Dec. 20 stated
•
part as follows:
in
attack
court
A
the method
on
being used by the Legislature to
revise the Constitution will be
Supreme
• \
attack is in the form of an
by
Thursday
heard
Court Justice Porter.
The
.
application to the Supreme Court
to
review
the
legality of the
;
i
method.
.
.
.
•
.
application was filed in a
The
surprise move today by William
Evans of Paterson, who said
W.
he
John Borg,
representing
was
Hackensack publisher.
State
Chairman
Lloyd Marsh, who returned Sat¬
urday
after visiting Governorelect Edge in Georgia, said of the
Republican
action:
,
rate
which
at
a
accept¬
legally
is received. As be¬
tween proposals at the same low¬
able proposal
real
estate
canal
used
separately
for
railroad and
in the Town and
purposes
not less than the principal
amount of
$59,000 and accrued in¬
terest, and to accept therefor the
least amount of bonds, the bonds
Revised
known
Statutes,
and
"second
as
commonly
class
railroad
be furnished with the opinion of
accepted being those first Reed, Hoyt & Washburn, of New
maturing, and if two or more bid¬ York, that the bonds are valid and
ders offer to accept the same least binding obligations of the Town.
amount of bonds at the same low¬
Enclose
est rate of interest then said bonds
000 payable to
certified check for
a
$12,-
the Town.
will be sold" to the bidder or bid¬
ders
offering to pay therefor the
NEW YORK
highest additional price, which
New York, N Y.
price shall not exceed by more
Net Funded Debt Reduced $97,than $1,000 the par value of the
y
bonds hereby offered for sale.
In 000,000—
The City of New York effected
addition to the price bid the pur¬
a
reduction of $97,011,224 in its
chaser must pay accrued interest
at the rate borne by the bonds net funded debt in the fiscal year
ended June 30,. 1943, according to
from the date of the bonds to the
of
date
payment of the purchase
price.
In the event that prior to
the
delivery of-the bonds the
income received by private hold¬
ers from bonds of the same type
and character shall be taxable by
the terms of any Federal
a
new
438, or 33%, has been effected. A
progressive improvement in cur¬
whelming majority and we owe it
to them to fulfill
date
tax
rent
the mandate."
in
Runnemede, N. J.
Released From State
Board Jurisdiction—In a bulletin
Borough
public from Trenton by G.
Secretary of the Lo¬
cal Government Board, it is stated
that
the
release of the
above
made
C; Skillman,
the
a
collections
indicated
is
record
following
of
per¬
sinking fund for the
of Indebtedness cut
27, and it was noted
a
release
with, and in addition
Supreme Court Justice Donges by
Order indicated that the borough
There¬
eligible for release.
was
fore,'
a
resolution
was
proposed
has
tax
in
been
collec¬
evidence
betterment
in
cur¬
rent
West New
Bond
Town
sen,
York, N. J.
Offering—Charles
Clerk,
sealed bids until
19
for
will
11 A. M.
the, purchase
of
Swen-
receive
on
Jan.
$600,000
2%
registered temporary refund¬
ing bonds. Dated Feb. 1, 1944. De-
adopted stating that the Local
Board
constiuting
110ms.
as
cessful
Due
sion
the
on
flat tax
rate
tax
rolls
instead
of
of the
the
deci¬
mal rate,
and $6,596,846 of unen¬
cumbered balances of appropria¬
tions for 1942-1943.
is based
on
levied.
It
ment
is
the total of the taxes
should
McGoldrick
This, however,
says,-
made
up
be
noted, Mr.
that this state¬
on a modified
basis.
accrual
Thus, the tax levy
billed to taxpayers has
Feb.
.
.
.
cipal and interest payable at
Continental
New York.
Bank
Trust
Town
the the
Co., pal
General obligations of
has
fund which
purpose
established
can
a
reserve
be used solely for
of paying the princi¬
and interest on the bonds and
which is to consist of all
moneys
York
000,000
Post-War Use
1
"is
time
not
on
new
there
104
are
current enrollment
a
and
transfer
In
that
in
men
session.
the
annual
our
tinue
the
other
in
for
"At
to
child
proposed
the
to
the
Joint
Assess¬
on
without lawyers
or
-y;v
;
Grouping numbers of
cases
of
different property owners into one
action.
3.
Requiring
the
about
be
information
more
basis of assessments to
supplied by the
to the
assessors
taxpayer.
De¬
4. Preventing numbers of prop¬
erties
from
makes
ceiving
and
assessment
sponsored by local war councils,
municipalities and boards of edu¬
5.
the
more
arbitrary-
encourages
practices.
of
expenses
years
out
under
which
a
way
actions
Making the taxing uhit
when
cation, are now deductible on in¬
come
tax
returns, , it
was
an¬
nounced on Dec. 26 by the State
lumped
in
certiorari
costly
^
being
assessment
one
re¬
financial assistance from
the New York State War Council
and the Federal Government, and
be
the courts,
2.
j
sub-!
centers
will
experts..
|
care
re¬
1. Provision for informal appeal
to
ductible in Tax Return—Contrib¬
utions
of
Costs
The proposal will include:
bodies'
Centers
Children's
to
Aid
Court
mittee_£i}airman.
alleviating
the
extent
to
conditions
these
not
ing, it was announced on Dec. 19
by Senator William Bewley, com-
later
a
honorable
for
will
Legislature.
in
Legislature
by
Legislative Committee
message
increasing
and the
Urged
1944
made
reference to certain municipalities
recommendations
re¬
public, Mr. Capes said,
they are submitted to the
ments
order that the post-war
of highway construction
be carried out.
the
a
duce the cost of court proceedings
for
lowered
real
estate
assess¬
in
rto
and
Realty Appeals—New laws to
program
mit
The
decline
a
recommendations
Cut
their functions in this
State and acquisition of rights of
financial difficulties.
session.
values
estate
Governor
an¬
on
Governor's
of
made
until
plan, a broad revision of the
business corporation tax laws so
as
to encourage business and fi¬
nancial corporations to locate and
The
committee
real
ence
tion
may
the
series
a
sultant decrease in municipal rev¬
enues after the war.
The Confer¬
Other recommenda¬
tions included a post-war educa¬
way
the
at
year.
carry
at
municipalities anticipate
be
reduction
25%
laid
was
for
real estate problems
policies designed to meet
them were major topics discussed
Dewey recom¬
Legislature con¬
that the
Groundwork
«
•
Gov.
tax,
Wil¬
measures,
Capes, Executive Secre¬
Post-war
the personal in¬
come
com¬
and tax
financing
works projects is also
With regard to
mended
said.
new
lage officials during a State-wide
tour made by Mr. Capes.
for sound
•'
parley.
| regional meetings of city and vil¬
The State can do its part,
believes, through the PostWar Public Planning Commission
public
P.
program
he
provided.
the
proposals, virtually all
are
liam
ities.
of
18
which
of
plants have a right to ex¬
that the State has done its
part in helping to create employ¬
ment opportunities for them upon
their return to peacetime activ¬
means
of
approved
program
prises
to
pect
the
and members of
Committee
pre-legislative
The
our war
if
1944'
opening of the
Officers
Advisory
Conference met in Albany for the
forces and the workers in
armed
of
Conference
State
villages were drafted
for
presentation to
Dewey and the Legis¬
tary
said
Plans
28
at the
lature
making this suggestion, the
Governor
and
Governor
Post-War Recon¬
a
York
Dec.
on
this
at
Legislative
Recommendations
—
Mayors for legislation affecting
cities
$140,000,000.
the
of
pay
court,
appeal,
within three
assessors,
court action, and with¬
a
changed conditions, raise the
assessment.
the basis of re¬
Senator Bewley said it was the
cent decisions of the New York I
State
Tax
Commission and the committee's hope to give the small
United States Treasury
Depart¬ taxpayer a chance to go tq court.
"In the past," he said, "the ex¬
ment.
I
pense of lawyers and expert wit¬
The State Tax Commission ruled
War
Council,
on
.
that contributions
viduals
were
net
puting
made
deductible
income
in
the
for
the
pur-,
with
that for the
of the State franchise tax
on business corporations, contrib-.
utions
by business
corporations J
purposes
The
recourse
of
our
committee
not
in
accord
conceptions of
our
of government when any
taxpayer must pay excessively to
secure
what the
be tax
justice."
He
said
the
courts
first
program
affirm to
aim
was
of
the
to help
improve the original assessing, so
the Federal income tax
!
Treasury ruled that for the
is
it
best
committee's
deductible to the extent per¬
mitted by
that
the
system
all contributions, and
law.
this
large taxpayer,
thinks
law, subject to the gen¬
eral 15% limitation applicable to
were
made
little value to him. But, even for
com¬
tax
come
has
nesses
by indi¬
posek of the State's .personal in¬
there
will
plaints
as
not
be
so
many
com¬
heretofore, and, second,
to set up a means under which
of the Federal personal j
the administrative branch of the
law, such contributions ,
shows
that
the balance' in
the were deductible/ subject to the government can review and cor¬
rect its own mistakes.
General Fund at June 30, 1943, provisions that all deductible con¬
As a third safeguard the com¬
was
$341,075.
In other words, tributions are limited to 15% of
that, while the estimate for the the taxpayer's net income com¬ mittee will recommend that the
fiscal
year
was
$184,700,000, the
$185,041,075.
purposes
income tax
receipts
Fund
1942-1943
the
were
for
the fiscal
year
Comptroller stated
be
puted without the benefit of such
courts
deductions.
facilities to act
It
contributions
1941
spend
New
of
this -fund of the entire surplus of
tions
year
to
Fund
struction
General
the fiscal
three
in
State
Map
1944
the
or
At the time of his estimate of the
to
for
For
—
ours
of taxes levied for any
higher than the lowest prior
$140,-
Retained
Declaring that a
New York State surplus which he
estimates at $140,000,000 on April
bonds and representing collections
rate
the
Mayors
Urges
Surplus Be
ited ad valorem taxes. No propo¬
sal will be considered for bonds
a
pro¬
of 3,035 children.
Six more are
being organized for the enroll¬
(State of)
Dewey
actual
at
area
ment of 310 additional children.
New
Governor
received after the issuance of the
fiscal year
enrolled
centers with
analyst of financial reports.
Village payable from unlim¬
the
City
1,463 children in
with 100 additional
opened this month. In the
of
rest
shown in the report, designed for
the taxpayer, the investor and the
presently possible."
The report shows a surplus of
$7,043,821 in the budget operations
of the fiscal year 1942-1943. This
surplus amount is composed of the
gain of $446,975 in the exten¬
York
centers,
centers
time," he said, "I propose to
'
computed
for
care
children
amounted to
Government
one-tenth of 1%, and must be the
same for all of the bonds.
Prin¬
34
respect to
the capital
improvement budget, the city's
debt, its sinking funds, etc., are
in the State which have for some
designated
bidder.
with
budget,
time been experiencing
by the suc¬ actually
been included as a revenue.
A
1, 1945.
Redeemable at the town's option part of. this levy may prove un¬
the
Municipal Finance Commis¬
at
any
time prior to maturity, collectible, provision is made for
sion as of Dec. 27 cease to function
future losses first, by an appro¬
upon written notice delivered to
in the Borough of Runnemede.
the registered owner at least five priation to the Tax Deficiency Ac¬
V
South Orange, N. J. w-'-Vy days prior to the date upon which count as shown under Expenses;
and, secondly, by transferring to
Bond
Offering — Howard S. such redemption is made. Princi¬
the same account the surplus real¬
Watkins, Village Treasurer, will pal and interest payable in law¬
ized from the operation of the
receive sealed bids until 8:30 p.nb ful money at the Town Treasurer's
budget, mainly savings in appro¬
(EWT) on Jan. 17: for the pur¬ office, or at holder's option, at the
the
Hudson
County; National Bank, priations. /The surplus in
chase of $59,000 not to exceed 6%
City. In addition to the budget is required by law to be
coupon or registered trunk sewer Jersey
applied against the Tax Deficiency
bonds.
Dated Feb. 1, 1944. Deno¬ price bid, the purchaser must pay
Account, and this was done by
mination $1,000. Due Feb. 1, as accrued interest from the date of
resolution of the Board of Esti¬
follows: $5,000 in 1945 to
1955, the bonds to the date of payment
mate Nov. 18, 1943.
and $4,000 in 1956. Rate of inter¬ of the purchase price. To secure
The
Comptroller's report also
est to be in multiples of
V4 or the payment of the bonds, the
and
statements
expense
1935, when only 83.67% of
levy was collected, the Comp¬
troller said.
The 1942-1943 levy
constant
of
the
since
the
result
a
vides
the
ceived.
precedent to
appeared to have been
that
in
91%
that the pro¬
complied
tions
trend
1940, 81%; 1941, 84%; 1942,, 88%,
collections, the amount re¬
ceived on delinquent account "is
named borough from the juris¬
diction of the Municipal Finance being reduced. Income from this
source
in .1943 was
$812,629 as
Commission was considered at;a
meeting of the Local Government compared with $996,987 in the
earlier year, or a
reduction of
Board, constituting the Municipal
Finance Commission, held on Dec. $184,357.
visions of the statute
improving
and
for 1943. As
tailed
New
The
year.
Summary, consolidated and de¬
ed creation of
Comptroller
Joseph D. McGoldrick. The gross
$483,940,316 and col¬
lections reached $443,562,825.
In
1935
only
$392,707,506
of
the
year's levy of $469,370,548 was re¬
centage payments during the past
six years: 1938, 72%; 1939, 77%;
for the next fiscal
income,
tions.
a
assets in the
by
.
that
all, the people voted for
Constitution by an over¬
carryover
as
limited to 5% of the
net
without the benefit of such deduc¬
there
funded debt at June 30, last, stood
at $2,963,706,129 and accumulated
issued
*
"After
that
be millions of dollars
recently
income
$24,207,107 and since
reduction of $8,081,-
contended
are
corporate
to give away in the remis¬
taxes," but belongs "more
the men who are fighting this
war," Governor Thomas E. Dewey
in
his
annual
message
to
the
Legislature on Jan. 5 recommend¬
redemption
tax
law
hereafter
enacted, the the net " figure on that date to
successful
bidder
may,
at -his $2,381,141,363. On June 30, 1942,
election
be
relieved
of
his the gross and net totals were
obligations under the contract to $3,034,484,944 and $2,478,152,587,
purchase the bonds and in such respectively.
case the deposit accompanying his
The volume of temporary obli¬
bid will be returned. The legality
gations outstanding on June 30,
of the bonds will be approved by
1943, reflected an increase of $2,Caldwell, Marshall, Trimble
& 800,000 over the aggregate at the
Mitchell, of New York, whose ap¬ previous June 30
date, the figures
proving opinion will be furnished for the
respective dates being
to the purchaser without charge.
$85,060,000 and $82,260,000. How¬
Enclose a certified check for 2%
ever,
the temporary debt out¬
of the. par value of the bonds,
standing at Nov. 30, 1943, was de¬
payable to the Village Treasurer. creased to
$60,610,000 as compared
with $73,160,000 on the same date
Trenton, N. J.
*
in 1942, or a reduction of $4,550,Debt Reduction And Improved
Tax Conditions Reported — The 000. The extent of the city's im¬
city
reduced
its
gross
bonded proved fiscal position in the past
amounted to
subject to the
provision that all deductible con-'
tributions
to
.
lost.
ble to corporations,
at
sion of
,
been
would
the annual report for that period
"Naturally this move comes as
a surprise to me, and I have not
had; an opportunity to see the
decade may be judged from the
papers.
My first reaction, how¬ debt by $1,608,675 in the past year
fact that on Dec. 1, 1933, its tem¬
ever, and I shall discuss it with and recorded a further improve¬
party leaders is that our legisla¬ ment in current, tax collections, porary debt, representing borrow¬
tive revision program will pro¬ it was disclosed in a report filed ings against anticipated tax col¬
ceed as scheduled. If the courts by C. J. Muller, City Comptroller, lections, amounted to $183,814,000.
rule against the revision program with the Mayor and the Board of
j/;.i.The city succeeded, in collect¬
and .a lengthy court, fight is in Commissioners. As a result of the ing 91.66% of the taxes levied
view we will have lost nothing. debt
decrease,
the
aggregate during the 1942-43 fiscal period,
On the other hand, if the program amount
outstanding on Jan.
1, this representing the highest rate
is sustained in the courts we will 1944, was $16,125,648, as against of collections in the past 20 years,
have a draft of a new Constitu¬ $17,734,323 on Jan. 1,. 1943. The Comptroller McGoldrick reported.
total
on
Jan. ^ 1,. 1936, It reflected a continuance, of the
tion ready and no time will have gross
(
ganizations
taxes." The successful bidder will
be
to
small bal¬
a
left in* the General Fund
and assessed June 30, 1943. Some members of
provisions of .Subdi¬ ihe Council and of various or¬
rate,
to pay
there would be
ance
valued
the bonds will be sold under the
to the bidder or bidders offering vision II of Section 54:21-1 of the
est
that
155
were
Federal
also
made
,
agreed that
by corpora¬
deductible
income
tax
under
law
the
applica¬
final
resort
needed
case.
equipped
to
as
with
whenever
decide
added
the arbiters of
an
they
are
assessment
w
a.—A
Urges
River
ballot by
constitutional amendments on the
proposal to place
petition was supported on Jan. 2, by the
rnadp public the rest of its program of
Construct
Petition
River
510,000
_
... ...
*
_
750
75,000
1
_
635,000
6,350
475,000
560,000
_
4,750
:
storm
Construct
road
4
River
from
Brook
Blind
control
water
Grasslands
Union
provision very unlikely."
under this
/
•
Number of
•
<
reapportionments to provide
Legislature fails to act.
\
'
alternatives suggested are
appointment of a special reap¬
*
The
•
Valid and legally binding general
obligations of the County, all the
taxable
real
property
within
V" State
suggested basing of reapportionments
third gubernatorial election
figures for citizen population.
census
Public
Works
Approved—At
Plans
meeting the said Commission'-also approved the preparation of plans
following 16 State projects to be constructed after the war:
Est. Const.
''
-
,
V;'
'•
Project and Description
CLINTON PRISON—
,
Cost
,
''
1
Replace Steam Tunnel
CLINTON
735,000
PRISON
DANNEMORA
AND
HAWTHORNE
DANNEMORA
Separations—..^
PARKWAY
a
combina¬
meeting
recent
approved
\
,
.
v
of outstanding bonds of
County, and pursuant to the
approval of the State Comptroller.
the
The bonds to be refunded pursu¬
ant to the approval of the State
all
.
that
In
v.
Improve dirt road-*
COLUMBIA COUNTY—
Mills
•
.
>
*
1,300
.
MONROE COUNTY—
;
.
.
.
25,000
12,000
...
\
500
120
/
,
1,400
65,000
County Garage Building—
SCHENECTADY (Schenectady)—
-
,
'
.
■
-
Nott Terrace
High and Vocational School....
Washington Irving Jr. High School
Improve McKinley High School—:.
32,300
8,000
7,200
1,800,000
400,000
350,000
Improve
bid will be returned.
Construct
SUFFERN
bridge.
new
(Rockland)—
/
^
-
r
reservoir
Construct
6,000
_%•
*_
120
10,000
300
j.
4
..
....
SULLIVAN COUNTY—
Reconstruct
SYRACUSE
conduit
Skaneateies
from
Lake
360
-
500,000
1,058,525
31,000
105,000
30,000
•
7,500
50,000
J.-*
i_
sewers
apparatus repair shops..
Construct
Boat
1,470
30,000
to
Syracuse
Repave city streets..
Replace
'
98,000 h
*
(Onondaga)—
Extend
■
...1?'*v
road_-._____.-_.......
dirt
Machine shop and garage...*—.
!Fire
.....
building for plant operator
house
—
Replace sewer in Oneida Street—
Extend storm water drainage system.....
TONAWANDA (Erie)—
29,000
i
-
3,125
5,293
116
2,100
600
150
113
580
Pumping and filtration plant————v—
road
Widen
1,000,000
from
Harmon
R.
R.
Road
Construction—Mamaroneck
Road
and
Station
20,000
to
Bridge Improvements
Ave
over
34,000
200,000
200,000
....
Ave.,
Hamlet
.161,000
'
road
Manor
i
t
Construct
Repair
1
Ossining
Section.
Eliminate "S"
*
—
—
curve
access
pavement
Road
..
—
......
at Palmer Ave
near
Yonkers Ave......
Yonkers
400
1,200
Briarcliff
....
drive at
250
20,000
60,000
Valhalla
Widen
1,680
125,000
of
2,415
112,000
road—Columbus
Construct
510
3,000
3,000
Hutch-
River........
inson
"
City
Water
Works
.
.
25,000
375
Reconstruct
52,000
200,000
—
J
t
!
-
Construct
access
drive
Marble
Mill River Parkway..—
-11
.
Utica, N.
SCHOOL—Construct
additions
to
jto Finance Hous-V
ing Unit Announced—The State's
housing program advanced an- •
other step toward meeting ware¬
housing needs with-the Division
of: Housing's
announcement
onDec. 27 of a State loan to provide
a
150-dwelling unit project for.
118,500
two
306,000
>
Utica
"
Buildings..._.
Ave.
to
_
Saw
25,000
260
;V
less than all of the bonds and
no
in
$5,000
actihg
Housing, also
tion of
Trust
A.
&
New York, at 1.10s, at a
100.14, a basis of about
Dated Jan. 1, 1944. De¬
nomination $1,000.
Due on Jan. 1
as
follows: $40,000
in 1949 and.
the bidder offering
I;
suant to
Section 8 of the General
Municipal Law, with the consent
5,000 and approval of the State Comp¬
troller,
to
refund
outstanding
500 bends payable in 1944, No bid for
Bond
Milton
offering—It
L.
Burns,
of
Michigan
Blair &
C.
F.
&
stated
County
New
Corp..
York.. 100.11
100.08
100.07
—
Co., Inc
^hilds & Co.,
Co., jointly
and
Bonds
100.05
1
i
Co.,
St. Louis
Goldman; Sachs & Co
E. D>White.& Co\;- and Hornblower
&
Weeks'
Salomon
100.17
-
Bros.
&
Hutzler
and
County Trust Co., White Plains..
A.
G.
100.28
100.20
&
Becker
100.18
Co'.—..—100.09
Hemphill, Noyes 6z Co., and Gruntal
Co.
—
For
by
Graham,
Treas¬
Allen
&
114%
Parsons &
Co.
Bonds
Co.,
100.06
,
and H. L.
——
——
100.10
that he will receive sealed j Charles E. Weigold & Co..
—100.08
100.02
bids until 1 p.m. (EWT), on Jan. J Kean Taylor & Co..*.--—:
For 1.30%
Bonds
1
for the
purchase
of $200,000
;
Mercantile-Commerce Bank & Trust
urer,
13,
•
Sherwood
—_
1.20%
For
contract
&
is
National'Bank,
Ch£t;;e
N. Y.
the highest
Bonds are issued pur¬
.
Bonds
& Co., and
Francis
duPont '& Co., jointly.*..
100.14
First
multiple of one-tenth or 14 of 1%. of sale and entitle the purchaser
The bonds will be awarded to the to the return of
the amount de¬
bidder offering the lowest rate of
posited with the bid. Enclose a
interest
without
reference
to certified
check, for $5,400, pay¬
premium, and where, two or more able to the City.
•'
'
bidders offer the same rate of in¬
Suffolk County (P. O. Riverhead),
terest the bonds will be awarded
to
Price
1.10%
For
1
obligations
the
follows:
as
Glore; Forgan
purchaser relieve
of
were
Bidder—?•:
-
/
purchase of $270,000 not or otherwise, subjects to a Federal
to exceed 3% coupon or registered income tax the
interest on bonds
refunding bonds. Dated :Feb. 1, of a class or character which in¬
1944. Denom. $1,000. Due Feb. 1, cludes these
bonds, will, at the
as
follows:
$75,000 in 1950 and election of the
terms
Other
1950, and $20,000 in 1951,
the
the
Co.,
bidders
of
under
The
1.074%.
Co., New York. The enact¬
the purchaser from his
—
price of
ment,
1951, $90,000 in 1952, and $30,000
1953. Rate of interest to be a
Sale
$100,000 re¬
funding, Series ;.0, bonds offered
for sale on Jan. 5—v. 159, p. 55—
were
awarded to Halsey, Stuart
Rott,
in
:;,V
White Plains, N. Y.
at any time prior to the
delivery of the bonds, of Federal
Finance, will receive legislation which in
terms, by the
sealed bids until noon on Jan. 12
repeal or omission of exemptions
H.
post-war
a con¬
construc¬
an
Bond
.
—
of
announf^fl
expansion of war industries. Re¬
cently the State Division of Hous¬
ing was requested by Utica offi¬
cials and civic groups to make a
survey of war housing needs.
valorem taxes as may be necessary
lowing: Adams, McEntee & Co., to pay the bonds and the interest
0.80s, 100.175; Charles E. Weigold thereon without limitation as to
& Co., 0.80s,
100.15; (for 0.90s) rate or amount. The opinion of
Bankers
Trust
Co., New York, Reed, Hoyt & Washburn, of New
100.388; Harris Trust & Savings York, to this effect will be fur¬
Bank,
100.359;
First
National nished to the successful bidder.
Bank,
Chicago,
100.26;
Paine, The bonds will be delivered to
Webber, Jackson & Curtis, 100.22; the purchaser on Feb. 1, or as
Marine Trust Co. of Buffalo, and soon thereafter as
delivery may be
R. D. White & Co., jointly, 100.219, effected at the Chemical Bank &
Offering
Rob-:
Utica due to the acceleration and
1948; $30,000 in 1949;
1950 and $36,100 in
Schenectady, N, Y.
S.
adjacent project for 350
low-income families.
Both proj¬
ects will bring about substantial
replanning and rehabilitation of a
downtown blighted area.
New
York - is
the
only one
among the 48 States which has a
housing program enabling it to:
relieve
the
grave
shortage
of
homes in production centers like
issue, and these included the fol¬
Bond
Ira
Commissioner
the
for
tract
ly binding obligations of the City
and the City is authorized and re¬
1951. A considerable number of quired by law to
levy on all tax¬
other bids were submitted for the able property in the
City such ad
in
workers.
war
bins,
267,800
—*—$4,211,300
:
Y.
State- Loan
•;
HUDSON—Con-
Sale—The
premium.
pavement north of Hawthorne
Traffic Circle
Construct access drive from McLean Ave., to
Saw Mill River Parkway........
-
AT
$103,100 cou¬ bid offering to pay less than par
pon or registered general refund¬ and accrued interest will be con¬
ing series of 1944 bonds offered sidered. The purchaser must pay
Jan. 6—v. 159, p. 55—were award¬ accrued interest to the date of the
ed to Tripp & Co., New York, as delivery of the bonds. Principal
0.80s, at a price of 100.198, a basis and interest payable at the Chem¬
of about 0.767%.
Dated Jan. 1, ical Bank & Trust Co., New York.
1944 and due Jan. 1, as follows: The bonds will be valid and
legal¬
for
Albany Post Road..
Road Construction—Mamaroneck Ave........
.
GIRLS
cottages to replace Cottages 1, 2, 3 and 5
STATE
Poughkeepsie, N. Y.
Director
WESTCHESTER COUNTY—
•
four
AGRICULTURE, ON LONG
heating plant........^;
central
FOR
The approv¬
ing opinion of Vandewater, Sykes
& Galloway, of New York, will
be
furnished
to
the' purchaser
without cost. Enclose a certified';
check for $4,000 payable to the
County.
f
•
1 •
-250,000
Total.
$32,000
>SCHOHARIE COUNTY—
j:
SCHOOL
Infirmary
Bond
'
Curbs and Walks—
■
c-:c
3,000
150,000
,
—
'
ROCKLAND COUNTY—
r.iv'
struct
2,500
200,000
—
Infirmary
County
,
v
holders
type and
_
.
COUNTY—
PIERMONT (Rockland)—
V
Grade and pave streets
;
800
OF
same
law, the successful bidder may, at
election, be relieved of his'
obligations under the contract to
purchase the bonds and in such
case the deposit accompanying his
4
Improve parks...—.
NIAGARA
v
INSTITUTION
to
his
new
—
ISLAND—Construct
WASSAIC
LANCASTER
.....
Building
TRAINING
Municipal Buildmg___*__-_-*c---C--_-_-_--_.
50,000
(Erie)—
...
'
' J
Firehouse and Community Building—35,000
;
,
980
\
FORT PLAIN (Montgomery)—
Music
STATE
V. ♦,
' '"30,000
...
butcher shop
1,
prior
character shall be taxable by the
terms of any Federal income tax
Assembly Hall
and Chapel Building ; 200,000
building including bakery
250,000
1943,
fiscal
Nov.
that
event
received by private
>'
POTSDAM STATE TEACHERS COLLEGE—Construct
j•:
,
of
Storehouse and cold storage
and
6,150
410,100
—-
bridges near Greenport and Glenco
—-i~*
I
Improve
Construction
V
CHENANGO COUNTY—
r
MIDDLETOWN STATE HOSPITAL—,:
commenced
the
from bonds of the
,
(Putnam)— ' •
1
/ " *
Improve town road——.
_
.
$200,000 $3,000
Six miles of Sidewalk--—37,300 > • 186
current
the delivery of the bonds the in¬
.
CARMEL
in;the
mature
year
.
w
or
issued
amount
'
,
rate
are
Municipal Law, for the pur-;
of refunding a like principal
pose
.
,
to
as
bonds
pursuant to Section 8 of the Gen¬
come
630,000
;
HOSPITAL—Construct
STATE
24,000
__—****
CIRCLE ' 'TACONIG ' STATE
Grade
The
amount.
1943.
HOS¬
STATE
..._.
the New York State Post-War Planning
tion kitchen, mess hall and ward building with south
applications from 16 communities, involving ■;-"K connecting corridor and service connections
370,000
54 projects.
The estimated construction cost of these projects is INSTITUTE FOR MALE DEFECTIVE DELINQUENTS,
$12,132,425, and the State's share of the cost of the plans, comprising
NAPANOCH— r
one-half of the total planning cost, is $163,053. These allocations are
Construct
new
cell
block; additional power plant
in addition to those made at the previous meetings.
J
facilities, including service connections......
■
516,000
V
Construct root cellar.........**..—.....
The following tabulations contains the projects approved at this
6,500
meeting, including their estimated construction costs, and the State's LETCHWORTH VILLAGE—
share of the cost of the plans:
Dormitory for young children..
—T255,000
"
1
*
Est. Const. State's
Addition to bakery and storehouse...100,000
•
.
• 1.
'
*
Cost
Share MATTEAWAN STATE HOSPITAL—Construct additional
;
'
' f
^
Est. Const. State's
housing and enlarging and remodeling of present
■; >
V;-:';v Cost
Share
kitchen, female group, including service connections..
175,000
At
Commission
limitation
out
Comptroller, dated Oct. 26,
$7,500
.
PITAL—Incinerator Ji1—
—Construct
Applications Approved—
Post-War Public Works
Local
■
the
on
Post-War
% $992,411
the same
;
for the
the votes cast for Governor in every
instead of
j; $72,364,105
1,381
New Cell Block "H"iL
also
Union
Citizens
The
.
Share
$574,181
418,358
eral
of the way."
"full quotient out
on
—
State's
\
*
Cost
$38,010,683
34,353,422•
which will be subject to the levy
ad valorem taxes to pay the;
bonds and interest thereon, with¬
of
1
-
whose, representation is more than a
representation of any county
'
631
New York City..-^—750
'
portionment commission. One-third of the appointments would be
made by the Governor, one-third by the temporary president of
the Senate and .one-third.by the Speakervof the Assembly.
Another alternative would be court action to increase or decrease the
Est. Const.
-
Projects
alternative methods in the event
future
the
Upstate..
?
Principal and interest payable at
450
Including the allocations previously made by the Commission,
the following summarizes the municipal program to date:
Among the other suggestions in its program of proposed state
legislation the Citizens Union submitted a plan for reapportionment.
This would involve a change in the constitutional provisions for
of
multiple
a
j the
Moreover, an
New York City
in
in
be
1,100
30,000
55,000
.......
Construct Central Maintenance Building
to
County Treasurer's
office,
5,600 i with New York exchange, or at
the Irving Trust Co., New York.
Saw Mill
to
Road
interest
j 14 or one-tenth of 1%, and must
j be the same for all of the bonds.
Hutchinson
control
■
...
.
Construct
prospect of forcing
water
storm
*0
j 1953, and $90,000 in 1954. Rate of
Beaver
Mamaroneck
control
water
coupon or registered general reI funding bonds. Interest rate is
!
River
-
initiated measure would require separate majorities
and in the rest of the State, which, the Citizens
statement said, "would make any partisan or sectional, action
storm
*
_
control
water
River
through a measure on a wave of
temporary enthusiasm, the minimum time required to force a -Ques¬
tion on the ballot would be three years under the Williamson bill.
To avoid the
,
Construct
refused to submit it 01 de¬
people if the Legislature
clined to offer a satisfactory substitute.
storm
Swamp Brook—
Construct
Legislature and the second would bring
the
before
it
....
_
Construct
proposal urged by the Citizens Union was introduced
last year by Senator Pliny Williamson, Westchester Republican,
would actually require two petitions. - The first would
<m
875,000
Rivei^
Sheldrake
control
water,
storm
Bronx
]
9,650 I not to exceed 4%, payable J-J.
8,750 j Denomination $1,000. Dated Jan.
i 1, .1944.
Due on Jan. 1 as follows:
5,100 $20,000 in 1949 to 1952, $30,000 in
965,000
-.*—
control
water
storm
Construct
Tne reform
amendment before the State
;
Construct
Citizens Union-, which also
proposed state legislation
200
10,000
building Cook Avenue Playfield—_
storm,
water
control
Saw
Mill
Construct
York (State of)
Constitutional Amendment
Nciv
Union
Citizens
Monday, January 10, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
156
Coffin
'&
Burr—**——
100.07
.
Volume 159
NORTH
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4245
award when the war
CAROLINA
is
nounced
recently by Governor for sale on Jan. 3 were awarded
Oklahoma, he will file to Charles N. Tripp Co., of Port¬
suit in the State Supreme Court land as 13/4S, at par. Dated Jan.
1,
in the name of the State, testing 1944.
Denomination $500. Inter¬
the right, of the Grand River Dam est J-J. Due $500 July 1, 1948 to
Authority to issue revenue bonds 1957. The next highest bidder was
to provide funds for construction the First National
Bank, Portland,
over.
Kerr
Works Program Set
Washington Public School District
Up
This city has $8,000,000
(P. O. Washington), N. C.
worth of plans and, specifications
Bond Offering—W. E, Eastercompleted
for post-war. public
ling, Secretary, Local Government
works program. The council has
Commission states that he will re¬
recently authorized the; issuance
ceive sealed. bids at his office in
of $1,800,000 worth of councilHaleigh until 11 a.m. on Jan. 11,
manic bonds for certain city im¬
for the purchase of $10,000 not to
exceed
6%
refunding
bonds. provements and plans and specifi¬
cations.
It
is
understood that
Dated Jan. 1, 1944. Denomination
$100,000 will be set aside from
Due
Jan. 1, 1953. The
Post-War
$1,000.
on
157
of
of another dam
on
the Grand Riv¬
as
2s, at
price of 100.60.
a
Markham Ferry and to make
Fort Gibson dam a
power project as well as a flood
control project.
,
•
' ■
PENNSYLVANIA
the proposed
The
Governor
has
conferred
Altoona, Pa.
City Official Advances Refund¬
ing Proposal—The Altoona "Mir¬
ror". of Dec. 28 carried the fol¬
primarily Tor the pre¬
with four of the five directors of
paration of blue prints for the the G
highest price,; not less than par
RDA and it was agreed the
lowing article of interest
program which will be available
and accrued interest, offered for
directors will pass a resolution
nicipal bond circles:
by January 1.
the lowest rate of interest bid up¬
will
bonds
at
awarded
be
this
the
sum
authorizing the issuance of
in
multiple of % of 1%.
Principal and interest (J-J) pay¬
able in lawful money
in New
York
City; general obligations;
unlimited tax; not registerable; no
option of payment before matur¬
ity; delivery at place of pur¬
on
Columbus, Ohio
Bonds
Sold—It is stated
a
rev¬
bonds for the two purposes
enue
Through
whereby it
a
to mu¬
plan
will
of refunding
be possible to
by named.- ?vy-yy;?!7 ,?•
■'ViV
save the city
approximately $13,Governor Kerr said he will then
Howard, City Clerk, that
000 a year during the-ensuing five
the Sinking Fund Trustees have file suit asking the Supreme Court
years and more than $5,000 an¬
purchased at par the $100,000 to en j oin the GRD A directors nually
during the following five4% Port Columbus Airport im¬ from issuing the bonds. Randall
year period, City Controller Ward
Cobb. Attorney General, will rep¬
provement bonds. Denomination
B. Morrison today outlined a pro¬
chaser's choice. In the event that
$1,000. Dated Jan. 20, 1943. Due resent the State. It probably will posal
which, in his judgment;
prior to the delivery of the bonds $5,000 from Nov. 1, 1945 to 1964 be early January before the suit
should receive the early consider¬
the income received by private inclusive Principal and interest can be filed.
'
\
ation of the incoming city admin¬
holders from bonds of the same
The suit will be so drawn that
(M-N) payable at the City Treas¬
istration.
type and character shall be tax¬ urer's office. Legality approved it will bring before the court the
The refunding would be ap¬
able by the terms of any Federal
by Squire, Sanders & Dempsey of constitutionality' of two acts of
plicable to the $551,500 worth of
income tax ' law, the successful Cleveland,
the last Legislature creating the
y yU
?y y;
special assessment or street pav¬
bidder may, at his election, be re¬
Columbus City School District
' University- of Oklahoma and the ing bonds still outstanding and
lieved of his obligations under the
Oklahoma, A, and M. housing the $300,000 loan of 1924, on
(P. O. Columbus), Ohio
Contract to purchase the bonds
Bonds Sold—W. V. Drake, Dis¬ authorities,, and, authorizing those which there is a call date for re¬
and in such case the the deposit
authorities f toi Tissue
obligations funding in 1944.
trict Clerk-Treasurer, reports that
On the special
accompanying his bid will be re¬
against j self-liquidating projects.
assessment bonds the city is pay¬
turned. The approving opinion of the District Sinking Fund Com¬
missioners
have, purchased
the Putniari City Cons. Sch. Dist. No. 1 ing 3% and on the 1924 loan bonds
Reed, Hoyt & Washburn, of New
41/4%.:
TT
(P. O. Oklahoma City), Okla.
York, will be. furnished. Enclose $160,000 building alteration bonds
Mr. Morrison asserted that now
Bond Sale Details—In connec¬
a certified
check for $200, pay¬ as 2s, at par. Dated Dec. 24, 1943.
is the accepted time to refund.
Due $16,000 from Sept. 24, 1945 to tion with the sale of the
able to the State Treasurer.1
$15,000
1954. '
Principal1 and
interest building bonds to the Small-Mil- Never, he asserted, has it been
OHIO
(M-S) payable at the District burn Co. of Oklahoma City, noted possible to get money at such a
Clerk-Treasurer's office.
here last March, it. is now report¬ low rate of interest as at present.
Cleveland, Ohio
ed by the District Clerk that the He said that he has received in¬
Coshocton, Ohio
Large Post-War Public Works
issue
Was
sold
at
a
price of quiries lately from those who
Bonds Authorized — An ordin¬
Plans Completed-—Samuel F. par
make a business of loaning money
100.143, divided as follows: $7,500
ance calling for an issue of $20,303
vid, City Service Director, re¬
to municipalities and he is sure
as 2s, due $1,500 from March 15,
3 % special assessment street im¬
ported recently that the city has
1947 to 1951; the remaining $7,500 that it can be obtained at 1 lk %,
about
$8,000,000 in plans and provement bonds was passed by as
IV2S, due $1,500 from March perhaps lower.
the City Council on Dec. 13. The
specifications fully completed for
On the paving bonds the annual
bonds are dated Dec. 1, 1943. De- 15, 1952 to 1956, giving a net in¬
a post-war public works program.
terest cost of about 1.65%
Dated saving would be $8,250 if they
nom.
$1,000, one for $303. Due
He is also quoted as saying that
should be refunded, or $41,250 for
March 15, 1943.
another $3,000,000 of public works Dec. 1, as follows: $2,000 in 1945
.:-y *; ■^ a period of five years.
The con¬
to 1953, and $2,303 in 1954. Prin¬
plans to be instituted after hos¬
troller said he would suggest to
OREGON
cipal and interest (J-D) payable
tilities are being rushed to the
council that, in refunding, serial
Hood River People's Utility Disat the City Treasurer's office.
blueprint stage.
bonds be taken with final matur¬
; trict (P. O. Hood River, R.F.D.
The $8,000,000 worth of plans
ity in five years.
He expressed
Lakemore, Ohio
■
Helen T.
•
.
■•■■■■
j
are
for the construction of sewers,
.
Bond Offering—Sealed
street openings, paving, and for a
number
of proposed
public
buildings to be used by the City
Service Department.
Mr, David
declared the plans have been pre¬
pared by the City Engineering
Department during two years. If
the war should suddenly end the
city is prepared to. go forward
immediately with a substantial
public works program, as soon as
contracts could be let, he said.
Meanwhile officials of the City
Commission
asserted
Planning
that only about $1,000,000 worth
of completed blueprints are fin¬
ished for its
post-war
new
works
Dated Feb.
1
event
.
primarily for
for
Planning Commission's?1 Six-year
$160,000,000
program 4 will
be
planned in detail during the next
.year. - '.y,
■■••yj -yy?
Completion of blueprints for
'The
one
Ohio
problems ■< before
Cleveland's
Post-War
major
on
index
bonds,
,
of
1.40%
which
on
is
%7?'-
$174,000,000
revenue
bonds to finance the purchase of
the Pacific Power & Light Company—v.
158, p. 2306—reads as
;
7,
f
follows:
the:
belief that
most of the money
to meet the year
by year matur¬
ities would be collected from the
assessed
property owners.
The refunding of the $300,000
bonds of the 1924 issue would ef¬
fect
a
;y. "Shall the Hopd River People's
annual saving of $5,250, or
an
in interest of $52,period of 10 years.
total saving
500
over
a
a
moving ten
year ma¬
Service Director David declared
that the engineering
high of 1.38% reached on Oct.
20 and Nov. 3, 1943. As of Jan. 1,
1943 this index stood at 1.83%.
a
department,
District, Pa.
Certificate Sale — The $5,500
certificates
of
indebtedness of¬
and without the boundaries of the
of $27.50.
District
in 1 year.
may
said Board of Directors
hereafter determine to con¬
struct
pose
as
or
of
ditions
acquire, and for the pur¬
building extensions, ad¬
and betterments to said
OKLAHOMA
Oklahoma (State
,
sale
for
on
Dec.
9
were
awarded to Bessemer State Bank
interest, plus a premium
at 0.50%
Dated Dec. 1, 1943. Due
Borough Township School District
(P. O. Vanport) Pa.
Bond
Offering—John
T.
Legislature makes' general ob¬
ligations of the City,
The
ordinance
Mur¬
fads
1943,
states that
Issue
of)
is re¬
V
Silverton, Ore.
Bond Sale—The $5,000
ing
improvement
bonds
which
offered
was
The
assessments,
city
secured
test
by
was,
case
,
proposed to determine the valid¬
ity of the act as well as the ordi¬
nance.
The city proposes to refund these outstanding certificates
and replace them with general
issue bonds at
2.%.
less.
or
,
interest rate of
an
7/?'/7/77
v
;
Pennsylvania (State of)
Surplus
Indicated
by
Large
Revenue
Receipts—Tax receipts
in thm first six months of the
State's
will
biennium
current
.
that
cate
substantial
a
available
be
to
indi¬
surplus
the
Martin
Administration for post-war prot¬
ects or new State tax reductions.
Actual
Nov.
from June
revenue
1 to
exceeded
30
budgetary es¬
timates by approximately $7,000,000. General fund receipts totaled
about
$65,700,000, against
an
es¬
timate of $61,700,000. An addition¬
al transfer of liquor store profits
to the general fund brings the re-
ceipts to
If the
the
.
than $68,000,000.7
more
trend continues for
same
remainder
of
the
biennium;
which closes May 31, 1945, there'
will be a surplus of at least $28,-
000,000,
However, it is antici¬
pated that ;heayy corporation net ?
income tax returns in the
spring,
surplus.,
Reflecting the shortage of sup¬
plies in the State stores, returns
will add to the
from the
10% emergency tax on
liquor dropped more than $500,-'
000, a loss of about 13%. It had
been estimated that receipts from
this
source
would
be
$3,762,000.
Actual returns totaled $3,215,000^
Despite gasoline rationing, re-1'
ceipts from the liquid fuels tax
exceeded estimates by $2,500,000,
although they' were about $2,000;-'
000 under collections in the
same
period in the 1941-1943 bienniuhL
The State had anticipated returns
of $3,300,000, while actual colled-'
tions amounted to $5,800,000. *
Returns
all
from
"consumer
taxes" with; the exception of- the
liquor
over
impost
estimates.
levies
on
showed
-
>
increases
Included
malt
are
beverages
the
and
cigarets.
77" 7'77-r7:■ '1 • 771 ' ' 7
At the- suggestion of Governor
Martin, the 1943 Legislature re¬
duced State taxes about $45,000,000. Abolished were the mercan¬
tile
taxes
the
and
so-called
imposts on personal
property, bank and trust company
shares and corporate loans.
emergency
s
Philadelphia, Pa.
Large Bond Redemptions Plan¬
ned for Next Decade—The
City of
1933
heavy inroads in its
burden of gross funded indebted¬
for the purchase of $18,000 build¬
ness, will reduce it by nearly a
ing bonds. Dated Feb. 1, 1944. De¬ fourth in the next 10 years during
nomination $1,000. Due $1,000 Feb. which it will redeem $117,476,400
1, 1945 to 1962. Bidders to name of its outstanding bonds..
the rate of interest in a multiple
Beginning with 1944, the city
of ]/4 of 1%. Principal and inter¬ Will pay off $13,870,000 in matur¬
est (F & A.) payable at the Beaver ing' bonds.
Of this amount $9,Trust Co., Beaver. The bonds will 010,900 is held by the City Sink¬
be sold and delivered to the pur¬
ing Fund Commission.
The bal¬
chaser only if and after the pro¬ ance will be made up from cash
ceedings authorizing the issuance appropriations by the city to the
of such bonds have been approved Sinking
Fund
and
$2,500,000
by the Department of 7 Internal which the city will have coming ;
in from interest on bonds.
Affairs. The approving opinion of
In
1945, bonds amounting to
Burgwin, Scully & Churchill, of
Pittsburgh, will be furnished. En¬ $5,895,000 will mature. The Sink-,
close a certified check for $500, ing Fund has $952,300 of these
phy, Secretary Board of School
Directors, will receive sealed bids
until 8 p. m. (EWT) on Jan. 11
Philadelphia,
bonds.
McKeesport, Pa.
Bond
suit has
Pleas
filed
in
heaviest
payment
A
Common
Court
.
on
the
in 1946,
when there will be $18,755,000 in
10-year period will
Legality Contested
been
which, since
has" made
bonds
maturing.
occur
The
city
now
testing the constitu¬
tionality of an act passed by the
State Legislature in 1933, and a
subsequent ordinance of the City,
providing for the incurring of in¬
$4,521,900 of these bonds. A
balance of $14,000,000 will be ne¬
cessary to meet this obligation.
This amount, city officials say,
debtedness by a
arrives.
The
bill
$400,000 bond is¬
of
complaint was
filed by City Engineer. L. F. Sav¬
age and his wife, B, Estelle Sav¬
sue.
refund¬
on
the
in the amount of
for
ment
The
of
$53,000 revenue bonds requested
by the State Department of For¬
estry, to acquire land in Clatsop,
Klamath and
Marion
Counties,
Was
approved recently by the
Approved—An
passed
May
is
$400,000 on certificates previously is¬
sued by the Council for street im¬
provements and sewers, the pay¬
17,
payable ot the District.
ported.
Test Suit on. Authority Revenue
Scheduled — It was an¬
ready for contract Bonds
fered
Oregon (State of)
State Board of Control, it
sonnel
Bessemer School
mine, in an amount not exceeding
in the aggregate $175,000,000, for
the purpose of purchasing,, con¬
structing, condemning or other¬
wise
acquiring
electric
public
utility properties located within
the 20
turity each week; compares with
Jan.
computed
its work Jan. 1.
fied would be
:
'
posal to submit to the voters on
■ '
the basis of the bkLSide of the
market for
Planning Council when it. begins
although suffering by loss of per¬
leaving for military serv¬
ice, is working daily on a tremen¬
dous post-war public works pro¬
gram which he said he was satis¬
Ore;
properties, and for the inter-con¬
Ohio (State of)
necting of said properties where
Municipal Market Higher—J. A, deemed necessary or advisable,
White & Co.fc Cincinnati, reported such bonds to be, payable solely
on
Jan. 5 as follows: The Ohio from that portion of the revenues
municipal market continued to derived, from the District by the
improve somewhat
during
the sale of water, water power and
past week, and our index of the electric energy, or any of them,
yield on 20 Ohio bonds declined or any other service, commodity
trom 1.41%
to 1.40%. The yields or facility which may be pro¬
on 10 high grade and on 10 low¬
duced, used or furnished in con¬
er
grade bonds today stand at nection
therewith, ; remaining
1.23% and 1.57% respectively. The after, paying from said revenues
spread between these two groups all expenses of operation and
was further narrowed during the
maintenance, including taxes, of
week to only .34% which is the the
particular
properties
con¬
smallest spread We have recorded structed
or
acquired
and im¬
showing the difference in market proved by the proceeds derived
level between these high grade from the sale of each such series
or installment -of said bonds?"
ahd lower grade bonds., :
barely a million dollars worth of
plans completed, it appears un¬
likely
that
even
10% - of the
Greater
.
,
,.This $100,000 should be avail¬
the
be
to
bid.
specifications. It is under¬
that $100,000 will be set
post-war public works will be
of bonds
amount
issued for said
improvement shall be reduced by
cash payments by property own¬
ers pursuant to option included in
the assessing ordinance, such re¬
duction shall be accomplished by
reducing all of the serial bonds
specified so as to retain substan¬
tially equal annual maturities. A
$410 certified check, payable to
the Village, must accompany the
able to the Planning Commission
before
Jan.
1.
However, with
of
the
that
required
for certain city improvement and
sum
No. ■■ 3,
'■
Bond Election Details—The pro¬
,
program
the preparation of blue prints
the program.
" '•' '■
1, 1944. Due on Oct.
$2,000 in 1945 to
follows:
•':>
Bidders Utility District issue Revenue
Mr, Morrison stated that the re¬
v offer
a
different rate of bonds from time to time in such
funding cost should not exceed
interest, in - a multiple of lk of series and installments
> as r the
1 %. Interest payable A-O. In the
$1,000.
Board of Directors shall deter¬
300 worth of councilmanic bonds
stood
as
1963, and $3,000 in 1964.
in its 1944 budget has asked for
$3,000,300 for planning and for
acquisition of property in connec¬
tion with post-war public works.
The City Council recently also
authorized the issuance of $1,000,-
aside from this
Jan.
may
for the next six years.
The City Planning Commission
plan
bids will
on
noon
17, by Adelbert P. HUnt, Village
Clerk, for the purchase of $41,000
3% sanitary sewer special assess¬
ment bonds. Denomination $1,000.
$160,000,000 proposed
public
until
received
be
cil to refund bonds which the act
of
indebted
at
er
taxpayers, against the city
to test the right of the City Coun-r V
age,ms
owns
Will be
available when the time
The following year,
than
1947, more
$13,000,000 will be needed to
$16,975,700 in bonds that
meet the
>
The
mature,
to
scheduled
are
Sinking Fund owns $3,571,40.0. In
1948 $13,395,000 in bonds will ma¬
ture.
The city owns $4,259,400.
In
Monday, January 10, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
158
1949, $15,894,700 will come due,
owning $1,774,100.
Demands on the city in 1950
with the city
will
be
not
Only $2,-
great.
so
will mature that year,
$1,175,200 now held by the
Sinking Fund.
;
The following year the matur¬
448,000
with
month, beginning today.
the rates increasing % of 1% each
payment
and accrued in¬
at par
State
general revenue warrants to
(1942-
Bond
Allegany, Pa.
Sale
—
for
fered
sale
on
calling for payment at face value,
1943), which includes all warrants
issued
prior to
and including
April 23, 1943. This call is for
$2,648,070.35.
7, y'.Y
General
revenue
warrants,
against deliv¬
of the bonds and all unpaid
at
coupons
2%
bonds of¬
$15,000
The
semi-annual refunding
and
ery
Port
terest will be made
Bank & Trust
Interest
price of
a
on.call date.
;
: r.
Jan. 3—v. 158,
,
TENNESSEE
2524—were awarded to Singer,
Deane & Scribner, of Pittsburgh,
about 1.59%.
Central Hanover
Co., New York City.
ceases
p.
at
the
102.31, a basis of
Dated Jan. 15, 1944.
including No. 430,282
On Bash
Basis
The city on
began functioning on a
"pay-as-you-go" basis and will is¬
Jan.
1, 1941, are
now
void because of the State
statute for two years' limitation,
dated
Memphis, T enn.
—
1
prior to Sept.
Possessors ' of
these
warrants
$1,000 from Jan. 15, 1946 to
.1960, optional on and after Jan. sue np more bonds "unless emerg¬ should make arrangements with
amount; to $6,011,the State Representative of their
15, 1951. .■
encies.-., arise,''- Mayor
Walter
000, of which the Sinking Fund
Other bids: First National Bank,
district to have them presented to
Chandler said on the eve of the
now holds $455,100.
In 1952 an¬
Port Allegany, 102;1 Moore, Leon¬
the
General Claims Committee
beginning of his second four-year
other large amount of bonds will
ard & Lynch, 101.08; S. K. Cun¬
for special appropriation at the
term.
be maturing and the city finan¬
next session of the State Legis¬
ningham & Co., 100.88; Phillips,
At a special session Dec. 31, the
ciers will close out $15,342,000. Of
Schmertz & Co., 100.76.
lature.
Out-of-State holders of
City Commission passed a resolu¬
this sum $5,656,500 are presently
such
warrants are requested to
tion creating a "permanent im¬
held by the Sinking Fund.
In
PUERTO
RICO
notify the State Treasurer's office.
.7'
" V'i":
provement" fund of $500,000, tak¬
1953 $8,895,000 in bonds will maOther
than
general
revenue
Puerto Rico (Government of)
en from a general fund surplus to
fure.
'',7
7*77Y;'''
RFC Sells Bonds—The Recon¬ finance
warrants, all State warrants are
future
The gross funded indebtedness
city
permanent
cashable when issued and should
struction Finance Corporation is
improvements.
of the city at the present time is
be presented immediately for pay¬
The Mayor said only $1,300,000
$478,620,500.
The Sinking Fund reported to have sold 42 issues of
and revenue in new bonds was issued during ment. Prompt presentation for
Commission holds $126,605,900 in general obligation
payment of these warrants will
bonds
of
the
Government
of the
bonds.
The net debt is $352,014r
past four years and $300,000
greatly appreciated by the
Puerto Rico
and its municipal¬ of this has not been used. During be
600.
The 10-year program will
State Treasurer's office.
ities to agencies of or to the gov¬ the same
reduce the gross indebtedness by
period the city retired
Due
ing bonds will
",1m.
;•
'
i
<
v
housing;
trends
'transportation;
(7)
location
in
(8)
residential
of
areas, business, and industry; (9)
7
special problem areas.
"In addition, of course, infor¬
mation must be gathered and an¬
alyzed about the various social
services
-—
education, recreation,
sanitation, health, etc.—as well as
any
other
particular problems,
such
as
floods or
earthquakes.
Taken
together these facts are
the points from which the over¬
all planning starts.
r
7
"In Syracuse, N. Y., this ele¬
mentary procedure has been and
is being followed.
Currently the
planners and local officials, and
to an increasing extent the pub¬
lic, are digesting the results of
the
economic
social
and
surveys
•<
made
the past six or seven
over
months.
"A
the
general reconnaissance of
community showed its im¬
.
The
ernment.
24.7%.
is
a
par
$3,541,500 and the RFC
of
value
Airport Closed in
Safety Ruling—We quote in
Municipal
issues have
understood to have received a
total price of $3,721,049 in selling
'
part as follows from a news re¬ the bonds.
;
port which appeared in the Phila¬
RHODE ISLAND
delphia "Inquirer" of Dec. 23:
Philadelphia was reduced to less
Rhode Island (State of)
War
_
"signal stop" on the Na¬
tion's airways last night by an order closing down the Philadelphia
Municipal Airport to all trafficprivate, military and commercial.
The order was issued by the
Civil Aeronautics Board, in Wash¬
ington. It closed the airport at
12.01
o'clock this morning, and
stated that the shutdown was a
than
a
Tax
Revenues/Decline In Cur¬
rent Fiscal
nues
of
were
first
State's
$1,559,327.15 smaller in the
months of the current
fiscal year
than in the same per¬
iod of the preceding year, and
total revenues from all sources
Rehearing
Case JSought
,
had
been
Commissioner
■
TEXAS
1
(P>0.:Ananuac)f
c'y Texas
• r
Offering—Guy C.
Jack¬
son, Jr., County Judge, will re¬
ceive sealed bids until 10 a.m. on
Jan,
10, for the purchase of $100,-
000 Road District No. 2 refunding
Dated Feb.
bonds.
15, 1944.
Due
declined
Weaver Baker, chairman
of the State Board of Control,
which
has
supervisory control
over most of the State's institu¬
investments,
■
'
7Y-YY/YY%4Y./Y'/Yv:'
....
Washington it was said
closing action was taken
the
of
cause
safety condition which
a
six months;
had arisen in the last
a
condition which is directly con¬
nected with the war.
.Y-YV
'
remained that
continue
possibility
A
Army planes may
some
reported
a
year
ago.
Federal
a
"hazard to public safety."
The action automatically elim¬
Philadelphia
inated
of
stops
31
and cargo planes a day,
passenger
operated by Transcontinental and
Western, American, Eastern and
United Air lines. It prohibited the
landings and takeoffs of planes of
the
All-American
Air
Lines,
which carried the airmail.
Federal
Numerous
Employees
Pay Wage Tax—The Philadelphia
"Inquirer" of Dec. 29 Reported in
part as follows on delinquent city
wage tax payments:
Approximately
5,000
Federal
employees in Philadelphia have
appeared at the Wage Tax Bureau
on
the
of the
10th floor
Market
Street National Bank in the last
days to beat the deadline on
delinquent city wage taxes, which
two
expired at midnight last
according to Receiver of
night,
Taxes
W. Frank Marshall.
At the
time Marshall
same
es¬
timated that about
30,000 Federal
employees had failed to pay any
wage
The
tient
from
tax.
city, he said, has been pa¬
with
now
the
on
"it
delinquents
is
but
going to get
tough."
Penalties
wage
and
are
20%
for
1940
taxes, 14% for the 1941 tax
8% for the 1942 tax, with
These
and
miscellaneous
rev¬
combined with taxes, gave
the general fund a toal five-month
income of $8,463,591.08 in the cur¬
rent year against
$10,694,798.06
for the same period last year.
enues,
The
drop in total tax revenue
brought about by decreases
gasoline and inheritance tax
was
in
held
less
the
takes
court
action
some
by Dec. 31, the time for recon¬
sideration will have expired with
In the meantime, as previously
reported, a suit based on Tom
Green
County bonds has been
filed and it is expected that other
suits are in preparation and will
be filed
in the
near
Warrants
Authorized
—
It
is
stated
by
J.
A.. Belger,
County
on
Texas
Work
City Manager, is said to have been
authorized by W. H.
Maunsell,
CityController,
to
negotiate
a
of a high
degree of
stability of population for tiie
next generation. Important popu¬
lation changes will be about the
same
as
those expected for the
U. S. generally: (1) an increase
in
the
(.2).
of
number
larger
a
older
persons;
of smaller
number
families, and (3) more persons of
native
birth.
"There
will
is
and
33
counties
in
groups
Urged
Now
struction
—
to
for
With
Lay
probably
Con¬
immense
of post-war construction
virtually certain, U. S. cities and
amount
towns need to undertake over-all
loan from banks to finance a
wide range
(out of 3,050) in the
have
each
some
of
the
representa¬
20
industry
included in the Census of
Manufacturers.
.
distribution-of ' land
appears to be fairly logical,
although there is overcrowding in
use
some
and the
areas
land
city
itself
claims
there
is
very
While the
sparsely used in others.
have
no
considerable
to
are
the main business cen¬
ter and elsewhere that are
blight¬
ed. There is room,
probably with¬
in
the
present city limits, for
plenty of good housing. But there
is too little open space in some
areas, and the need for either out¬
right redevelopment or rehabili¬
tation of certain neighborhoods is
urgent.
"There has been from the out¬
set in Syracuse a very
acute un¬
of the necessity for
the public about the
planning.
A questionnaire
re¬
vealed not only friendliness to the
idea of planning now, but even
willingness to be taxed now for
post-war spending to carry out
derstanding
consulting
the plans.
planners know that the
of public participation
merges finally into the problem
of ways and means," "Fortune"
explains. "Even when convinced
"The
Ground-
Post-War
an
a
working pop¬
Onondaga is one of the
U. S. that
tion
now
continue to be
areas near
United States
Houston,
future
"Extended surveys indicate the
slums,
future.
Travis County (P.O. A ustin), Tex.
Cities
•V,
the
to
likelihood
"Present
the end of this term of court.
Dec. 28.
Temporary Loan—John N. Edy,
look
ulation.
as a
$15,000,000 bonds, divided as $1,000.
Principal
and
interest
airport; $1,500,- (F-A)
payable
at
the
County
$6,000,000 street Treasurer's office.
These
war¬
opening and widening; $1,000,000 rants will be sold as needed.
water improvement, and $1,500,000
street
UNITED STATES
paving bonds, were
election
can
with confidence.
of skills among the
a
000 storm sewer;
the
rich agricultural area.
geographical viewpoint
a
a
friend of the court
and carried permission of the At¬
torney General's Department. Un¬
presented
for
the
at
From
C. Mann. This second motion was
motion
follows: $5,000,000
voted
heart of
7 7
a
.
the
use
out.
rehearing
filed by Attorney General Gerald
ruled
Auditor, that the county has au¬
thorized an issue of $150,000 214%
road and bridge warrants. ?v The
months.
bonds sold as 214s (not 2V2S), to
Revenues
from
licenses, fees Mr. E. S. Emerson, of San An¬ Warrants, authorized by the Com¬
missioners Court on Dec. 15, are
and sales and from Federal grants,
tonio—as reported in v. 158, p.
however, have dropped sharply 2627—were sold at par, reports due Feb. 1, as follows: $8,000 in
1945 to 1947, $9,000 in
this year. Licenses, fees and sales Burch
1948 to
Carson, County Judge.
yielded only $801,991.23 this year
1950, $10,000 in 1951 to 1953, $11,Dallas, Texas
in
000 in 1954 to 1956, and $12,000
five months,
a
decrease of
Denomination
$403,550.30 from the $1,205,541.53 ; Bonds Voted—it is reported that in 1957 to 1959.
field, but it was as¬ grants returned $1,177,454.08 this
serted
that inspectors had
de- year, a drop of $277,053.59 from
cided that combined military and the .$1,454,507.67
figure of last
commercial use of the field was year.
to
.
that
be¬
which : are
among
large holdings of bonds affected
by the Cochran County ruling.
The
Court has already
over¬
.
In
other boards and their
tions and
and
State. Official— Syracuse
by
A
,
.
tion.
County
Cochran
of
made by
paid.
Chambers County
Bond
C.
D.
$2,231,206.98,v according $25,000 on Feb. 15, in 1945 to 1948.
to the monthly report of General Interest rate "to be named by the
matter of "military necessity" and
Treasurer Russell H. Handy, made bidder in multiples of 14 of 1%.
"public safety."
.
yY7,;,.- • V.;'YYY
Delivery of bonds will be made in
The direct result of the order public on Dec. 23.
The legal and printing
Tax revenues for the first five Austin.
was
that the city was deprived
expenses
will be paid by the
of all cargo
and passenger air months of the current fiscal year
county.
Legal opinion oj* a na¬
transportation, and even of ade¬ aggregated • $6,425,656.48 against
$7,984,983.63
in the first five tionally recognized firm of bond
quate air-mail service, which has
attorneys will be furnished with¬
involved
upwards • of
1-25,000 months of the preceding year. out cost to the successful bidder.
Last year, however, the State col¬
pieces of mail.
lected taxes of $1,398,107.11 from The county reserves the right to
The closing order, to all prac¬
reject any or all bids and to waive
tical purposes,
wiped Philadel¬ public utility corporations, which
irregularities. A certified check
as yet in the, current fiscal period
phia off the air map, since the
for $1,000, payable to the County
Northeast
Philadelphia Airport, have not paid the levy on their
Judge, must accompany bid, • - •
in
project in Torresdale since gross earnings.
The decrease in tax revenues
Culberson County (P. O. Van
spring of last year, is incomplete,
for the current year, aside from
and the-old Central Airport, in
Y7r>.;-Y;" Horn), Texas '
YYY;y77
the gross earnings tax, therefore * Bond
Sale Details—The $36,Camden, has been declared unsafe
amounted to $143,220.04 in five
for commercial transport opera¬
000
road
and bridge refunding
.
Y
request that the Supreme Court
Miller reported 96.5% of the 1943. of Texas reconsider its ruling in
city taxes of more than $6,000,000 the Cochran County case has been
general fund
five
in
Finance
Year—Total tax reve¬
the
city's
bonds.
The
bonded debt is $10,000,000.
$7,700,000
as a crossroad for travel
transport," "Fortune" points
"It is set, moreover, in the
portance
problem
that
evilsY could
be
eliminated,
baffled by the thought
But people of urban
communities can, if they will, un¬
many are
of the cost.
$1,~ planning now to make sure that
404,000 water program which the' the right kind of building wil be
derstand the difference between
City Council approved on Dec. 1. done in the right places, "For¬
the levies on pari-mutuel betting.
master planning and blueprinting.
tune
Magazine" declares in its When that difference is under¬
7 Odessa, Texas
Motor vehicle taxes, at $323,' Y ;
January issue. "Fortune," which
212.22 for five months, were down
Bond Call—L. L. Anthony, City
stood, it becomes evident that
is making a special study of ur¬
only $3,922.71 from last year, but Secretary, reports that the follow¬
long-range planning goals can be
ban planning in the "characteris¬
reached
gasoline tax revenues decreased ing 414%
by
successivCT stages,
bonds are called for tic American
city" of Syracuse, without the necessity at any one
$242,257.44 from $1,363,969.57 to payment on Feb. 1: City hall and
N. Y., uses this study as an ex¬
time of raising impossibly large
$1,121,712,13
Financial
institu¬ fire station, Nos. 36 to 70; street
ample from which to point out sums of
money.
'
tions, which last year by Novem¬ improvement, Nos. 26 to 50. Dated
that master planning (as opposed
ber 30 had paid an income, tax Jan.
"The master plan as a whole,
1, 1939, optional Feb. 1, 1944. to
patchwork attacks upon blight¬
of $55,243.07, had paid only $1,- Said bonds are to be presented to
of course, is much more than a
ed areas) must begin with a study
251.71 by the same date in 1943.
the
Central
Hanover
Bank
&
It
of the particular community in map of streets and buildings.
Trust Co.,
New York City, for order to erect a framework of has to do first with long-range
SOUTH CAROLINA
payment.
policies and objectives and second
facts. '
Y
'
;
with
specific construction pro¬
In this article/the second of a
Westminster, S. C.
Tarrant County, Castleberry Sch.
series
"Fortune"
Bond Call—It is stated by Mary District
explains
that grams and schedules. It must be
(P. O. Fori Worth), Texas
"there should be surveys and an¬ thought of, particularly where the
Grace Whitmire, Town Clerk and
Bond Sale Details—In connec¬
community is large, as something
(1) the" community's
Treasurer,'that the following 6% tion with the sale of the $25,000 alyses of
like the direction of a prolonged
bonds are being called for pay¬
building bonds to the State Board probable future in relation to its business operation.
State or region, and to the na¬
ment as of July 1, 1944:
of Education, as reported in v. 158,
"The great value of having the
Water, dated July 1, 1924, ma¬ p. 2524, it is now stated that the tional or world economy; (2) pop¬
ulation
trends;
(3)
community goals of master planning indicated
turing in 1926 to 1964.
bonds were sold at par and ma¬
industries and resources; (4) the on maps, and clearly described in
Sewer (all outstanding), dated ture
$1,000 April 10, 1944 to 1968.
present layout—where the people other ways, is that every specific
July 1, 1924, maturing in 1926 to
Texas (State of)
live and work and play; (5) pres¬ proposal to change the physical
1962.
In accordance with the call pro¬
Warrant
Call — Jesse
James, ent land uses compared with ac¬ aspects of the community can be
vision contained in said
bonds, State Treasurer, reports that he is tual needs and suitability; (6) quickly and simply tested to see
receipts which more than offset
gains in other tax sources, notably
•
.
Volume, 159
if it
THE COMMERCIAL
Nurifber 4245
constitutes
fact
in
the desired: direction.
Streets
step in
a
While the goal
roads.
or
held
Dec,
$46,000
13, the proposal to
issue
dustry so located that the people
could walk to work, there would
enue
1943,
water
on
would be to have business and in¬
'
•
.& .FINANCIAL CHRONICLE
of
system
rev¬
,
"Fundamental
ning
the
are
land
use
shall
much
master
to
plan¬
problems of
twin
which land and how
—
be
used
for
for the exceptions.
room
se
to 41—v.
159,
p.
the
three-fifths
attain
56—but it failed
major¬
transportation,"
"Fortune"
"In the light of what is
happening to cities and towns to¬
day, in view of the fact that by
and
large
they now grow- by
spreading out over the country¬
Bonds Approved—An ordinance
neighborhoods, separate d by
green belts and varying in char¬ calling for an issue of $12,000 riot
acter and density of development, to exceed 3% semi-annual swim¬
From the center outward, inten-, ming pool bonds was
passed re¬
side
rather
their
population, there
ously
two
.
than
sides
by, increasing
are obvi¬
to
the
task
sity of land use will be lower and
lower until the urban complex is
planning and guiding their future.
"On tlie
hand is the trans¬
one
city
adapt it to modern conditions,
to improve its layout and organ¬
ization; so as to relieve present
to
»
where
there
too many:
now
are
that is the maj or; problem
guided, it will not only result in tion besides."
repetitions of present conditions;
Local Housing Authorities Sell
it will also, involve the danger of
$45,753,000 Notes t— Of the $45,throwing out of gear any general 753,000 notes offered by various
transportation system that can be local housing authorities on Jan.
devised,- Vvf./vv-VV,« ->s * J-'ri56—v. 158, p: 2627—the Chemical
subdivision
or
the
light of good living condi¬
tions, convenient transportation,
accessibility
to
raw
materials,
a
Trust
growth guided to keep the devel¬ grand total. This group purchased
opment of residential neighbor¬ the following issues:
;.,
r
hoods in balance, either with local
$8,100,000
Chicago
Housing
employment needs or with em¬ Authority, 111:, notes due Aug. 1,
ployment opportunities that will 1944, at .50%; $4,000,000 Chester
not
overtax
the
transportation Housing Authority,, Pa., $455,000
the
of
whole.
community
as
of
our
a
y
*
t
"The interiors
cities
.
are
beset with problems at once more
numerous
and
enormously
more
Long Branch Housing Authority,
and $368,000 Meridian Hous¬
N. J.;
ing Authority, Miss., notes,
at
.57%; $9,950,000 Chicago Housing
Authority, 111., notes, due Feb. 27,
than those of the sub¬ 1945;
$943,000 < Contra t> Costa
urbs," 'Fortune" continues. V,;;V.V County' Housing Authority, Cal.;
"The goals are: (1) good dwell¬
$172,000 King County Housing
ing accommodations for all who Authority, Wash;;' and $8,533,000
wish to live in the city proper;
San Francisco Housing Authority;
complex
<:
(2) location of residential neigh¬
so
as to
provide easy
access to
places of employment;
(3) a co-ordinated transportation
system; (4) arrangement of roads,
streets, and parking spaces so that
all private automobiles (or heli¬
copters or hitherto undiscovered
borhoods
gadgets) can be used with pleas¬
ure
and safety; (5) ample cultu¬
ral
and
recreational
facilities
within easy reach of all
who want
to use them; (6) property values
that 'J/, will
remain
reasonably
stable.
"In
■
'
rearrangement of
short,
a
interior
the
is
wanted
that- will
the voters
Feb.
on
permanently in a position of com¬
petitive equality with the; .sub¬
urbs and the countryside.
/
"Something like general agree¬
Vote
Local
Urged
council
Plant
finance
committees
commend
beep reached
spectively,; All .plus small premi¬
*
ums.
•The
Trust
Central
,
Hanover
Bank
&
Co., of New York, was the
successful bidder for the $990,000
Galveston, ••• Housing
Authority,
planners on the proposi¬
that: the interior as well as Tex., notes, at .55%; $578,000 Mad¬
ison County Housing Authority,
the suburbs should be reshaped
to form neighborhoods.
Contigu¬ 111., notes, at .56%; and $710,000
Fort
Smith
Housing Authority,
ous to them, perhaps to some ex¬
tent
intermingled
with .* them, Ark., notes, at-.61%.
would be
the various kinds of
VIRGINIA
industry
providing
employment for the working pop¬
Neighborhoods
would
be separated from each other and
from such heavy industry as needs
to be segregated by main trans¬
ulation.
lines, speedways, railroads,
other heavy-traffic arteries.
port
or
"Ultimately the
zones
trees
much
should
be
and
shrubs
as
possible
gardens.
Each
s e p a r a
t i n g
planted
and
for
with
utilized
parks
as
>■;:
vsiW.
schools, churches, local ^shop¬
ping centers and other public fa¬
cilities, to minimize the need for
people to cross heavy-traffic
-.
Wise, V a.
'
Bond Call—Blanche
adoption of
a
22
to
valuation in :the
tax
Electric
The
Co.
include
an
improvement
debt.
a
perma¬
question
closely
fund,
in
such
In
1932
the
favorable
not
only
000
to r
a
$137,000 negotiating
estimated at
and
expense
$200,000.
Voted
Plans
finance
The
Home Owners'
(P. O. Kelso),
'A-Wash.
Bond
Proposals
now' stated
that
at
Fail
the
—
It is
election
be
dated
Dec.
incl.
1953
Prin.
and
int.
WYOMING
condition
Laramie
Curb
No.
Redeem
To
and Gutter
District
X Wyo.
Bond
The
—
city
bond
No.
149
Sparta, Wis.
:
Offering—Harry L. Beck- Gutter District No.
City Clerk, states that he still outstanding.
Bond
man,
of
City
the
and
which is
Curb
1,
Common
mended
judiciary
Council
com¬
have
a
the Madison
Gas
The total bond is¬
& Electric Co.
would
provide not more than
$137,000 negotiating expense and
$363,000 for immediate plant ex¬
tensions and improvements.
The
program envisages post-war addi¬
tions and betterments at a cost of
sue
Investments, State Annuity and Investment Board, reports that
$1,005,000 of various municipal bonds recently offered by the
Board, and described in detail further below, were awarded as
the
follows:
Chase National Bank also purchased
at
City Nearly Debt Free
fund
109.33; No. 8, 111.34; No. 9, 115.56.
No. 10 at 116.416.
John
the
until it
established
fund
soon
in
, has
accumu¬
will equal the
outstanding bonded
In his
debt.
statement, Mr. Wendt as¬
delinquent
serted that "it was the
and deferred installment taxpay¬
ers
who have built up the
zation fund.
18
Co.,
were
of 124.08 and 127.65,
&
Hornblower
Chicago, obtained item No.
amorti¬
Weeks, New York, paid 121.01 for item No. 19,
of item No. 20; Harris Trust & Savings
Bank, Chicago, purchased $25,000 balance of item No. 20 at 118.08
and also purchased items Nos. 21 and 22 at prices of 120.16 and 121.88,
respectively; Hornblower & Weeks, New York, bid in item No. 23 at
123.85.
v
,•...
.
r
.
Shields
Co., New York; purchased item No, 24 at a price of
&
107.61.
previously noted, the various items included in the
as follows:
YY'V-
As
described
.
1
Rate
2
3
4
Chicago Sanitary District
100,000
4
-V.y,
■;
v.
600,000 interest from the invest¬
ment of these monies," he said.
contributions
have
averaged $268,000 a year for 20¥2
years."
Mr. Wendt stated that, exclud¬
city's
ing the bonded debt requirements
for the two years, the 1944 bud¬
get was $2,700,000
1-
,
1-55
6
35,000
15,000
20,000
7
8
9
10
80,000
25,000
11
10,000
12
10,000
10,000
10,000
10,000
9,000
25,000
16,000
75,000
49,000
51,000
64,000
36,000
50,000
13
14
15
16
17
18
19
20
21
22
23
24
Delivery will be at Madison, on or before Jan. 5,~ 1943,
to date of payment.
Shipments will be
will accrue
1-44
9-
Ohio, unlimited tax__r-_- 3 ¥2
Ohio, unlimited tax------ 3M>
Ohio, unlimited tax___--- 3 ¥2
Ohio, unlimited tax-_.
3 ¥2
Cleveland, Ohio, unlimited tax-—-—
3 ¥2
Cleveland, Ohio, sewagae disposal--- 4
East Bay Municipal District, water.5
Effingham County, 111., S. D. No. 22— 31/2
Effingham County, 111., S. D. No. 223V2
Effingham County, 111., S. D. No, 223 ¥2
Effingham County, 111., S. D. No. 22—
3¥2
Effingham County, 111., S. D. No. 22— 3V2
Hammond, Ind., City Hall.
—
4 :
Hammond, Ind., City Hall-——
4
Hammond, Ind., City Hall
4 ;(
Los Angeles, Cal., School3¥2
Los Angeles County, Flood Control—
4 ¥4
Los Angeles County, Flood Control—
4¥4
Los Angeles County, Flood Control—.1 4¥t
Los Angeles County, Flood Control-4¥t
New York City, general obligations—
Cleveland,
Cleveland,
Cleveland,
Cleveland,
20,000
10,000
5
9-1-45
9-
1-46
9-
1-47
9-
1-48
9-
1-49
I-
1-48
9-
1-52
9-
1-53
9-
1-54
9-
1-55
9-
1-56
7-30-50
7-30-53
7-30-55
1-56
1-
5-1-50
1-51
5-
5-1-52
1-53
5-
7-15-52
and inter¬
made for
:
'
ing 6% sinking fund bonds, ma¬
turing Feb. 1, 1947: $12,000, Series
Denominations $1,000; $5,000,
Series
B
Denominations
$500
balances and the
"The fund itself has earned $4,-
1-56
Opt. 1945
A
remaining
ments.'
1-56
Opt. 1946
purchasers and charges billed.
assess¬
1-
3 ¥2
Chicago Park District
225,000
gregated $5,500,000. Of this
amount $568,000 represented in¬
terest received on security invest¬
installment
5-
Opt. 1946
Since 1923 the city's
$4,932,000 from inter¬
delinquent and extended
and
deferred
street
im¬
Maturity
3V2
Chicago Park District-
$50,000
est
on
sale are
-
Interest
and Purpose
Name
Value
contributions to the fund had ag-
est
16 at 117.82;
sold to Harriman Ripley & Co., Inc., at prices
respectively.
118.08 for $24,000 block
and
—
1923, to assume the city's bonded
eventually.
Starting
with
lated
&
Nuveen
17 and
Items
Par
debt
$398,000,
of New York, took item"
Harriman Ripley & Co., Inc., New York, purchased
following items at prices stated; No. 11, at 118.33; No. 12, 119.93; No.
13, 121.27; No. 14, 122.50; No. 15, 123.71
.
was
following additional items
prices indicated: No. 4, at 102; No. 5, 104.69; No. 6, 107.08; No. 7,
Item
Milwaukee, Wis.
The
1 at a
item No, 3 at 103.34.
approximately $1,000,000.
;
Bank of New York purchased item No.
National
Chase
price of 106.08; item No. 2, at 105.21, and $50,000 of item No. 3 at
103.34; Harris Trust & Savings Bank purchased $50,000 balance of
recom¬
resolution
calling for a referendum at the
April 4 election on the question
of the issuance by the city of $11,500,000 bonds in connection with
proposed municipal acquisition of
the facilities of
tor of
Merrill Lynch, Pierce, Fenner & Beane
Madison, Wisconsin,
adoption of
Wisconsin (State of)
vrri;';:
Sinking Fund Awards $1,005,000 Bonds—Albert Trathen, Direc¬
1
Utility Issue—
on
and
mittees of the
"The
County
will
Treasurer reports he will pay
a
$11,000,000
purchase
bond issue of $11,500,provide not more than
price, but
provement
Water District
to
stabilizing the city's tax rate at
least for four-year periods.
will
minimum
of
Cowlitz
bonds
city
according to Mr. Wendt, that he
has suggested the possibility of
referendum
authorizing
taxes
WASHINGTON
The
15, 1943. Dehorn. $1,000. Due $10,000 annually on April 1 from 1944
(A-O) payable at the Bank of
stopped issuing bonds/ and since Sparta,
or
at
Monroe
County
has financed improvements on a Bank, or at the Farmers National
cash basis. With the 1936 tax levy Bank, Sparta. A certified check
as a
base, it was decided that, as for $5,000, payable to order of.
the levy, for debt purposes de¬ the City Clerk, is required. Sue-,
creased each year, the levy for cessful bidder to pay for legal
the permanent improvement fund opinion and cost of printing the
would
be
correspondingly
in¬ bonds. City reserves the right to
creased. This levy will be $3,035,- reject any or all bonds and, in that
000 for 1944, and will hereafter be event, to
immediately offer the
bonds at auction.
$3,800,000.
The city's financial program is
resolution
resolution
amended
to 105, Series 1937, to the amount
Dated March 1, 1937.
Due March 1, as follows: $2,000
in 1976 and $4,000 in 1977.
Pay¬
able at the Chase National Bank,
New York City.
10
14, for the purchase
of
$100,000
Beaver
Creek
im¬
provement bonds.
Jan.
on
purchasing the Madison Gas' and
ments and bank
$6,000.
will. receive1' sealed bids until
.a.m.
1
has
also
re¬
calling for a referendum at the
April 4 election on the question of
Craft, City
Recorder, calls for payment on
March 1, refunding bonds Nos. 100
neighborhood
to
judiciary
Dec.
reduction
"
and
would be largely self-contained as
the
and
voted
of
Common
—
.
among
and
Purchase
on
Utility
a
\
now
Madison, Wis.
Mil¬
waukee will soon be probably the
N. J.; $6,225,000 Jersey City Hous¬ only
large city in the United
ing Authority, N. J.; and $203,000 States that is debt free, according
to the annual summary of Wil¬
Montgomery Housing Authority,
Ala., notes,
at .70%.: All plus liam H. Wendt, City Comptroller.
The 1943 tax levy, just adopted
small premiums.
'V
Salomon Bros.
& Hutzler,
of includes $300,000 for bond prin¬
due in 1944..
When that
New York, were the successful cipal
amount has been paid, the public
bidders for the $1,157,000 Twen¬
tieth
Series, * Chester
Housing debt amortization fund will be in
a position to assume the remain¬
Authority,
Pa,,
and
$1,485,000
Memphis
Housing
Authority, ing outstanding bonded debt. The
fund will pay $1,859,000 of prin¬
Tenn., notes, at .57%; $830,000
Eighth Series, and $720,000 Ninth cipal due in 1944, and thereafter
both principal and interest as it
Series, Seattle Housing Authority,
becomes due.
:
Wash., notes, at .65% and .66% re¬
Cal., notes,'at .59%; $334,000 Asbury
Park
Housing Authority;
tion
business
1.
WISCONSIN
•
put the city itself definitely and
ment seems to have
The
000; additional power line and gas
main replacement and extensions
of
Co.,. New York, Bankers
Trust Co., New York, ; the New
labor supply, markets etc. If the York Trust Co. and the Bank of
master planning has been skill¬ America National Trust & Sav¬
fully enough done, the new sub¬ ings Association, was the success¬
urb can be blueprinted and its ful bidders for
$39,283,000 of the
,
by the City Council.
bonds are to be dated
Co., New York, as
nationwide group of
& Trust
head
rate.
bonded
$363,000 for plant extension and
improvements, Post-war improve¬
ments would include installing a
20,000 to 25,000 kilowatt turbo¬
generator at approximately $700,-
Bank
suburban
possible in
system
cently
was
,
allied with the elimination of the
banks, including the National City
Bank
of
New
York, Guaranty
"The indicated location of each
town must be the best
new -:
VIRGINIA
McMechen, W. Va.
of in-;
congestion and to achieve stabil¬ terior replanning. In certain very
ity and order. On the other hand large cities it can be accomplished
is the development of the suburbs. only by -further draining off the
In rapidly expanding communi¬ working and dwelling population
ties^, it is the more immediately into
suburban
areas.
In. many
urgent problem.
•'
places, however, it is more likely
i "In
virtually
all
cities
and to be a matter of redistribution. In
towns, there is every expectation the great majority of communi¬
that the spreading process ndw in ties there appears to be plenty of
evidence is going to continue. The space, somewhere within the city
actual carrying out, of the master limits, for most of the business
plan, therefore,' should start with and industry and for really good
suburban or satellite growth. For and spacious dwelling accommo¬
unless the spreading 'process Vis dations for the working popula¬
iv
WEST
.
formation of the heart of the
of .assessed
nent
May 1, 1944.
merged into and- mixed up with Denomination $500.: Due on May
1 as follows: $3,500 in 1945; $4,000
open country.
■ VV~> '«:./;*'":3
"To reduce the number of peo¬ in 1946, and $4,500 in 1947.
This
ple living or working in areas authorization will be submitted to
( of
but there
$1,500,000 in the total city levy
1944 and of $2.03 a thousand
Milwaukee
is
states.
for
ity required by State law.
realized, the entire community
will be made up of a number of
distinct
but
closely
integrated
and
of 53
vote
a
to
.
"To the extent that this pattern
what—
bonds received
159
Canada (Dominion of)
Bills
Treasury
Sold—A
said
30, at
Dated
been
have
to
an average
Dec.
March 31
31,
sold
$55,-
Bills' is
000,000 issue of Treasury
on
Dec.
yield of 0.411%.
1943.
Due on
1944.
NEWFOUNDLAND
St. Johns,
Bonds
to
Newfoundland
be
Redeemed—The
Co., Trustee of
the Sinking Fund, has drawn for
Montreal
Trust
higher than for redemption
on
Feb, 1, the follow¬
Series C
Denomination
bonds will be re¬
at
par
with
accrued
interest
to
Feb.
1,
1944,
at
any of the principal offices of the
Royal Bank of Canada in the
cities of St. Johns, Montreal or
Toronto, upon surrender of said
bonds with coupons due on Feb.
$3,000,
$100.
Said
deemed
1, 1944, and with all subsequent
coupons
appertaining thereto. In¬
terest ceases on call date.
THE COMMERCIAL &
Monday,. January 10, 1944
FINANCIAL CHRONICLE
STARTING JANUARY18™
IT'S UP TO YOU!
STARTING January 18th, it's up to youto do them¬
working in
plant to lead the
men
selves
and
women
proud by helping to put over the 4th War Loan.
Your Government
are
your
picks
employees
can
else to know what your
and should do—and you're their natural
leader. This time* your
meet a
for this job because you
you
better fitted than anyone
definite
Government asks your plant to
quota—and to break it, plenty!
■
}
If your plant quota has not yet been set, get in touch now
with your
To
State Chairman of the W ar Finance Committee.
meet your
plant quota, will mean that you will have
to
hold your present
at
their
Pay-Roll Deduction Plan payments
peak figure—and then get at least an average of one
EXTRA $100 bond from every
That's where your
worker!
leadership
comes
in—and the lead¬
Keep Backing the
This space
This advertisement prepared
ership of every one of your associates, from plant super¬
intendent to foreman! It's your job to see that your fellow
workers
see
are
that
sold the finest investment in the world. To
they buy their share of tomorrow—of Victory!
That won't prove
difficult, if
you
organize for it. Set
campaign right now—and don't aim for any¬
thing less than a 100% record in those extra $100 bonds!
And here's one last thought. Forget you ever heard of
up your own
6T0%"
as a measure
Bonds under the
of
a
reasonable investment in War <
Pay-Roll Deduction Plan. Today, thou¬
sands of families that
formerly depended
upon a
single
enjoy the earnings of several. In such
cases, 10% or 15% represents but a paltry fraction of an
investment which should reach 25%, 50%, or more!
wage earner now
Now
then-Up and At Them!
Attack!—WITH WAR BONDS
contributed to Victory by The Commercial and Financial
under the auspices of the United States Treasury
Chronicle
Department and the War Advertising Council
@FedFRASER