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MONDAY

JAN 13
194?

i

Reg. U. S. Pat. Office

Volume 165

Number 4559

New

RAILROAD

York, N. Y., Monday,
January 13, 1947

PUBLIC UTILITY

-

-

INDUSTRIAL

Price 75 Cents

INSURANCE

■

a

Copy

MISCELLANEOUS

-

ACF-Brill Motors Co.T-'.:

9 Months Ended

Ket

Sept. 30—

/

'

ypi

1946 1945
;/
$16,108,925 $16,742,728

sales™_™-™„__„™„__:-™,.-

Alleghany Corp.—Buys 162,500 Shares

v:

■
,

of Central—

the
shares-presented by the various
stockholders will
exchange on a pro rata
basis, adjusting the number
exchanged for each stockholder to the

The

corporation, of which Robert H. Young is
Chairman, announced
7, that it had reported to the
Interstate Commerce Commission
1,593,374
*378,974the purchase of
>
>162,500 shares of the capital stock of the
>> y:;:
Central.
—V. 164, pp, 2149. 2681.
No
effect has been
'
given in
1946 period to
possible refunds of
Federal taxes on income lor
prior years under carry-back
provisions of
the tax laws.
Due to the
Allied
Net -"loss———
,■
•Profit. i'i-. •. ;V,...

Jan.

after

*

^
Bank of New York has been
appointed transfer
City for the common stock.—V.

Adams

Oil

mentioned

in

Co.,

Los Angeles—Stocks
issue of Jan 6 Pacific

our

-

Alton

Offered—As ( i^'-The

Company of '<}&j
y;

offered in Units of
d :

share of each at
$10

Because

'

•y

announced

*

,! Casmalia

celling
cities
*

And

Field

the
in

in

oil

the

for

San

Santa
use

counties

as

•;

oil

*

«

*

.

-

,

,

-

^.

•.

:

•

..

so

acquired

CAPITALIZATION,
}
'j!:
:y rV - Authorized

.

■1 :-h'v'

'■

-v

'}'£% Cum. pfd. stock, (par $10).
Common

,

►

!<f
»

stock

f

.•*' approximate

cost

at

■"

;

■.*

corporate purposes.—V. 165,

1
*

York,

up

,

;

i

a

;

-241

__

-242

—

—242
—243

-246

also

In

coats

and

increased supply,

similar

—228

as

well as

;

t

.

Offer—

7

;

Manager'—

>

SPECIALIST IN

-

'

■■■

*;■ FLORIDA & NEW JERSEY
■Vv
Municipal Bonds

if-

are

v

MUNICIPAL

DEPARTMENT

'

'
.

of

.

qAllen
,

&

accepted,

t

'

.

a

SO BROAD STREET

Telephone:

HAnover

"

2-2600




"

y

•.

,

'm

NEW YORK 4, N. Y.

Teletype: NY

INCORPORATED

.

>

'
.

•

Bell

,

.

Memberg New
'

1-573

J

45

Philadelphia Telephone
,

Enterprise 6015

new

•-rf

.

'

"

"■ Bell
Teletype' "
New York 1-576

plate
,i.

21—

I

-

66.

p.

•'

1

.

i

'

pay-r

*

other dividends

any

165,

p.

66.

'

1

,

,

,

orders

at

the

compared with

a

close

substantial

of

the

$16,000,000

at

amount

fiscal

year

the close
■

of

war

amounted

of

the

pre-

."Lv,

\

td railroads and
.',<>• • W''

was

locomotives.).'

year

was

$2,692,768, which is equal to 6.7%
sales.» Dividends
amounting to $2,374,990 were declared
and
representing $2 per share of
commop stock.
The net working
as of
Sept. 30, 1946, is
over

the

that purpose)

$25,907,111, which fs

previous

yeaf.

have

been

Certain

costs .and

its termination

^

increase

an

of

d rectly

expenses

(largely offset by

provided during the
included in cost of
goods sold

K.;. VVV
-The company
operates In

war

for

i:-.4v

V-V r■■
capital goods industry and
its business has
cycles of activity and
recessions which do
with fiscal years except
by chance.

years

the

-.iv

a

as

a

for

year

■

.7
result

not coincide
*

kinds incurred for the
12 months ended
Sept. 30, 1946,
of (which Federal taxes
'on
income were
Social Security taxes for
,$14271,428.
unemployment insurance and old
-age benefits
were $412,571
and taxes on real
estate and personal
property, State
corporation franchise taxes and other
taxes wer $521,714.
Contributions for charitable
and educational
purposes amounted to
of which were
$42,818, all
deductible for income; tax
purposes.
Claims for
refunds of
taxes
and
renegotiation rebates for
the
years
1940
to 1944,
inclusive, have been filed in the amount
of
$1,334,066.
Claim for refund
with rc-spect to unused excess
profits

$2,205,712,

"

Trading Markets

in

v

Over the Counter Securities

-

Securtty Dealers Association
NASSAU STREET, NEW YORK
5

Telephone
REctor 8-3600

York

1932.

included

as

1946.

a,"

.
,

since

stock.—V.

Unfilled

;

-

GEARHART & COMPANY

;

completion, of

Co.—Hearing Jan.

indirectly related to the war and
reversal of reserves that
had been

;

'

Company

Established 1923

of

net

capital
$21,790

■

,>>

a result
2149. '

a

The net income for the

v
,

as

p.

"v.r?

*

*

.

164,

.4

issue

common

$20,000,000

CORPORATE FINANCE
SECONDARY MARKETS

'

quarters

ceding fiscal year; ;
i
A major
portion of the sales for
the year 1946
builders of freight
cars, passenger cars and

were

:<i

•

exchange

;

Taxes of all

.

>

,

-

the

paid,

r

Exchange has

fourth

The

^

?

J

.

Industries,

was

temporary injunction filed with the New
Jersey Chancery Court
against .Ihe .company
restraining the .payment of Jan.
was lifted but
2, 1947 dividend:
is'continued as against
payment of

to

v

;

been advised that
subject to terms
:„.*T expect there will be
President, explained.
and- conditions specified in
an
a notice dated
even
greater
Jan. 2; 1947, this
availability of these items
has offered the holders
,
In the next three
company
of its 6%
months," he said.—V. 164,
preferred stock, par value
p. 2825.
$100, the
privilege of exchanging each share of
'<1
•
said stock for
11/10 shares of
its $3.75 preferred
stock, par value $100, together
t
Allen
with a dividend
Inc.—New General
adjustment in cash of 43c
■
per share of 6%
preferred stock.
;
The ex¬
Jerry J. Tobias, • Vice President,
change offer will expire at 3
and
a
p. m. (EST) Jan. 20, 1947. ■
director, has been made : / /'The
•
:
•General Managed of the
company will not, accept1 for
company, Sidney J, Allen,
x «ounced
exchange more than 600,000 shares
on Jan. 6.—V.
President, " an-. » of the 910,756 shares of
6% preferred stock
164, p. 3137. "
outstanding. If less than
all shares of 6%
preferred stock presented
for

!

.'■'•'■*?

it

pointed out, still
types of tin mill products per-

dividend of 50 cents per share
declared on the common
stock
Sept. 24," last,
year, was mailed at the close of
business on ,mn. z,
to stockholders of
record Dec.
2, 1946^ This was the first
ment on

or

America—Exchange

and the

Uses.;

r.:vV"/;.y,

•fmateriel.
*.

.247

•

Aluminum Co. of

Administration,,

sizes

•
The annual report of the
board of directors
says in parti.
consolidated net sales in
V."-V
the year ended
Sept. 30," 1946, were
$40,041,182, all for regular products.
This was 46%
less than the
preceding year's sales, which

*

.250

The New York Curb

relation.
for all

containers

The

;

,

:

metal

V-'

American Steel
Foundries—Annual Report— '•

General Corporation and
Investment News., .201?
State and City Bond
Offerings and Sales™.. 239V;
Redemption Calls & Sinking Fund
Notices. .249^
Dividends Declared and
Payable.™
;... .250 ?
The Course of Bank

—

'

can

of

.•

Production

specific

this

-

men's wear,

users

on

v

-228

,

'..r V*

fashions,

Robert W. Jackson,

metal

1947

;

—228

supply

Women's-dresses,

«re

of

The

t,

•

"n

delivery

American Ice
Co.—Pays 50-Cent Common Dividend—

*,

«

—245

now

-

f

Exchange..--™:._^
Exchange_

Clearings

during the war years, are available
again
in this company's 1947
spring-summer 630-page
being mailed to nearly
2,000,000 persons.
*
:'
Vacuum cleaners, electric
toasters, gas, coal and kerosene
ranges,
table stoves, waffle irons, electric
fans, varied home
furnishings, *
linoleum, rugs, irons and electric
roasters are a few of
bard goods items
the-many
reappearing in the semi-annual book.
tn expanded

: catalog,

,

«.

*

> Foreign Exchange Rates
.249
?
Combined Condition Statement
of
Federal Reserve Banks
.250
Condition Statement of
Member Banks of
; ; Federal
Reserve System *
.250
.c Auction
Sales---..

;.-

for

customers.

American Hospital Supply
Co.—Notes and Debentures
Placed
Privately—Haris, Hall & Co. (Inc.) Jan. 8 an¬
nounced that it had
placed privately $750,000
2% % and
3%% serial notes, due Dec.
1, 1947, to Dec. 1, 1961, and
$300,000 5% subordinated
debentures, due Dec. 1, 1966.

on

Aldens, Inc.—Hard Goods
Lines Again Available—
y'
goods lines, missing

:

call

Commission.—V. 165,

^

]

would

present

hearing Jan. 21 on the application of
for a
company
1-year extension of the time within
which, it
must-dispose of
Atlantic City Electric
Co., peep Water Operating Co. and
South Penns
Grove Realty
Co., as ordered by the

Miscellaneous Features

.' Hard

■

v

*•

-",

that

than

.

.

•

—240

Exchange
Transactions New York Curb
Exchange.

it;'

company's office Room 2018,-70 Pine
St.,
to 3 p.m. EST Jan. 23
for the sale of
$1,907,000 equipment trust certificates
series J. Dated Feb.
15, "1947, certificates will
nature in 10
equal annual installments
1948-1957. Dividend rate to
he specified in the
bids.—V. 165, p. 65.
New

other

requirements of
-,{7"

The SEC ordered

'

.^241

.

Stock and Bond Averages

,.y

65.

p.

y':-

American Gas & Electric

—240

.

f

'

Stock

yx

-239

.

for

third and

-240

Stock Exchange
Toronto Stock
Exchange—Curb Section.
Over-the-Counter Market ;
Transactions New York Stock

any.

,fit- Alabama Great Southern RR.—Seeks
Equip. Bids—
Bids will be received
at

of

business

producing" facilities;—V.

-239

Toronto

y&u

$150,000; (2) install an asphalt
plant for the; '
xefining and blending of crude oil
at an approximate cost
of $50,000;
<3) ^approximately
$35,000 to be added to the
working capital of the
company to be used for general

;

throughout 1947,
allocating shipFiggis, President,

-

-

—239

—111-

___ _

v

Edna,at

Exchange«-.w-«----iJ-w

Montreal Curb Exchange

-

of

.228

..238

Cleveland Stock Exchange.-,
Detroit Stock
Exchange____.
Los Angeles Stock

Montreal
"

•

1,500,000 shs. - - 760,000 shs.
•Before giving effect to present
financing. ;
PURPOSE—The company
presently contemplates that the net
ceeds (estimated
pro$235,000) will be used for the
following purposes: j
<1) complete
drilling of 15 wells on the proven
area

for

W.

D.

'
V'.V;.
Despite unprecedented demands for
metal
containers, Mr. Figgis
said, the company's production
capacity is«adequate to take care of
fall estimated
requirements, andr its allocation formula will be
flexible
enough to reflect any additional
plate that may become available^ in
the

-..238-

San Francisco Stock

1
4fo'&^Issuecl

metal

formula,

;

™2$8

Exchange^..
Philadelphia Stock Exchange..
Pittsburgh Stock Exchange..
St. Louis Stock
Exchange.

30,000 shs.

(par

Cincinnati Stock

:

aggregate

Civilian

mltted

233

Exchange
Chicago Stock Exchange

i

issued

company

much

as

new

'"r

t*

Boston Stock

I. Anderson :i
stock ($1
par).;..

.

^

the

meet

a

customers,

6.V

retains control over

,
"

-317

Exchangexi^Li^wil---

Baltimore ^ Stock Exchangeii.

predecessors at prices
ranging from $1.40 to $1,65
per barrel, averaging
approximately $1.43 f.o.b. the company's
rack.
loading
:
These/prices' were established before
the general increase in
■? the price of crude oil
effective in
August, 1946. " >1
1 -•••
rThe principar assets
*'.';
so acquired
by the company from its
as of
predecessors ' '
July 31, 1946, consist of the
drilling and operating rights under ;
a
drilling and operating agreement dated
Aug. 29, 1945, from Doliie
Adams.
For the
assets

Vf>-v

^».

the

The

Page

; New York Stock
Exchange (Stocks)
New York Stock
Exchange, (Bonds)v-.
New York Curb

*

Petroleum Corp. and
WrO. and J.
aggregate of 760,000 shares of the
company's common

to

all

sheet

of

announce

to

kinds of"products.".

t

Stock and Bond
Quotations

■>•■

to Southern.
California

shortage

.

to

.-

an

a

"

r

"

and

be

responsibility of making the fairest
possible distribution of an-ttcipated receipts of plate has been
placed upon the can manufacturer
;by the removal, <on Dec.
27, of government restrictions as to'
'
products
and quantities o:
of products "that could
be packed in. metal
he explained.,...v .'
containers,,
\
"
•
•
.".
'W '.i"" "
"While we are confident
that alt affected industries
will welcome
this further"
step toward a free
economy/' he said, "we still have
» to
face the.. fact that'
there remains a definite
shortage of sheet
i metal and that this
shortage will continue* through .1947 in

-

.

users of road oil within
these counties.
;v
The oil produced from the
properties, together with some
* 4t>ll
additional
purchased for the
purpose, is stored in Teservoirs
and other storage
facilities on the
properties, treated and blended to
make it suitable for
use as asphaltic
road oil and sold to
*
nearby users.
The road oil is; V
delivered to, the purchasers in
owned or leased
equipment or in some
;; cases at the company's
loading rack.
During the 1946 road
construction season, this road oil was
sold by <■
!.'l the company and its

business

.

Jan,

any

1M««

principally to road districts and
Obispo, San Benito and
Monterey

ktOther

": y

r

.

Luis

Luis

{.■

-

Obispo County, Califand the
Barbara, County,
Calif;, and treating and
road

San

of

\:'i '

present customers' requirements ft«
possible, it will be further
necessary, Mr. Figgis said, for the
to decline
company

;

.

In

on

£ci;:' ln order

.

:

•

will

containers this year to
1

v

■

there

company win shortly
ments of metal containers

tyo Of

-

to

,

for

-Must Allocate
Shipments for Lack

this

^

S.

Wi.

:•

stock is convertible
into 10 shares of
common stock; •
dividends at the rate of
6% per annum;
payable annually"'
Nor.«1,. cumulative from. date of
issuance;, redeemable at any time
;«n 30 days' notice at $11 per share and
accrued'dividends; entitled to 1
alnktog fund"and voting rights.-*i /
-r-Transfer agent,, Adams Oil
Co., Room 22Q, 215 W. 7th
SC Los;£
Angeles, Calif.
Registrar, Bank of America
National Trust <& Savings
Association, Los Angeles, Calif.
v *
HISTORY AND
BUSINESS—Company was incorporated in California
JFuly 9, 1946, for the purpose of
acquiring the business being
as a joint venture
conducted
by Southern California
Petroleum Corp. and W. O.
Anderson and J. I,
Anderson, under the firm name of
Adams Oil Co.
The business consists
of
producing oil from existing wells, in
the.
Arroyo Grande Field

entitled

of Plate—

V

.■

„

Circuit Court of
Appeals at Chicago has taken under
the
petition of
the
protective
committee for
the
3%
refunding bonds of the Chicago & Alton
RR., following a hearing on
the appeal. The committee
appealed from an order of the TJ. S.
Dis
trict-Court vesting the
powers of the
reorganization managers in the

per-unit.....

The preferred

t

65.

p.

.a.-.

RR.—Appeal Under Advisement—

batlJjrHptcy:^^e^^antfYemoylng

<

65,r.-,':;'-oY*.'

American Can Co.

-

£*: advisement."

California, Los Angeles, offered in late December
(as a
'.speculation) 30,000 shares of 6%
cumulative convertible
-preferred stock ($10 par) and
ire* ^mmob
30,000 shares
stock ($1 par). The;
? ^
securities were

•one

U.

accepted

,

165,

^

[

date,—V. 165, p.

L1

The National
City
agent in New York

the

expiration of the
exchange offer on Jan. 20, 1947, all un¬
exchanged shares of 6% preferred stock
will be called for
on March
redemption
24, 1947, at $110 per
share, plus accrued dividend to said

■

Mills, Inc.—Transfer Agent—

uncertainty of interpretation of certain
'tax regulations, it is
impossible at this time to
determine whether the
company
will receive : such refunds
which, based on the results to
Bept. 30, 1946, it is estimated would
amount to
approximately $185,000.
V. 164, p. 2953.,,;:'

be

of shares to be
nearest whole number.
Promptly

.

-r-

.

/:

Troster, Currie
.*

v

■■■• \(

&

Summers

Member? New York'Security Dealers Association

74

Trinity Place, New York 6, N. Y,

Telephone HAnover 2-2400

,

Teletype NY 1-376-377

Priuate Wires to Buffalo Cleveland
Detroit

Pittsburgh St. Louis

"I
■

if.

Monday,"! January 13,

COMMERCIAL &

THE

Total -, quanfcitfes at , year end- are, just slightly >y:v
at the close of the previous, fiscal year;
DIVIDENDS—In Jan., • 1946,1 a "dividend of $3.50
share
applying on the dividend arrears on the $6 prior preferred
stock was paid.
In addition,» during the year, the regular quarterly' • ■ v
dividends amounting to - $6 per /share we're ; paid, ; The total'of these

202

first-out'), (LIFO).i,

Armstrong

•

Co.—Annual Report—
l / l;
1946
1945
1944 \ ( 1943 . ,
$17,092,043 $10,683,258 $6,805,669 $6,558,732
: 14,538,357
8,998,858 5,624,613 J/. 5,575,114

Years

Net

—

Other

;429,245

/'■•' ■''■/—

_———

for

•of

1'

240

/.

•

v

,

Federal

which

Pfd.

v.389,433

-

»/

continued high .levels of •consumer purchasing ;power.
unmindful, however, that the index of food prices
level than the corresponding index for
modifies and, as previously mentioned, a reserve has been'
accordingly
for possible declines
in commodity prices

somewhat* higher

42,5o2

on

$505,629; $489,747-;
table to reflect •;
fiscal year ended.
Sept. 30, 1946, as the amounts involved are not significant/ •■/ v/.
»'/ In August?. 1946, the company purchased 25% of the outstanding,
shares of Lake Shore Tire & Rubber Co., Des Moines, Iowa, and now

,'',7

:,/•/,.■ ,
the principal subsidiary of the company,
chipped 802,840 Chilled iron- wheels for renewals and for new equip¬
ment during the fiscal year ended Sept.'30, 1946, as compared with
1,006,265 shipped during the previous year.
This reduction in volume
followed very closely the reduction in railroad freight traffic hauled.
There are 2,035,000 railroad freight cars (Class I railroads and private
owned since 1902. •
Griffin Wheel Co,,,

charges

?

or

;A)

from

and summer months will
corresponding period of last
crop
of pigs farrowed during
decrease in pork, will be an increase

spring
the

%,

148,500 shares of

owns

company

The

Miss.

Castings Corp., which is
issued
and outstanding.
This

6teel

,

.

CONSOLIDATED INCOME

ACCOUNT, -YEARS ENDED

..

xpenses^i—

of emerg.

Amoit.

facil.

,

312,397

Aliscellaneous income—..

Discount on sales
Loss on

:i

taxes-

for Fed.

Reserve

«i4^o Bio w 10-sap; mo
t9 978 000 tl4

Net

//—

•

Refund due from

chase price of

contract

■■■ • ; -"

1,319,991

stock of affiliate
:
receivable

termination claims

.

$2,675,383
2,374,990
.

..

. .

Investments

—

and equipment-

•

$2,752,543
M

Agency

accounts (per

contra)

—

Total

..

;■...\
30, -*1946

.proclamation/' •/,:•' •; ;/•
CONSOLIDATED BALANCE SHEET, SEPT,

v

Federal taxes on

"^Accrued

/.{TAccrued. Pederal taxes 7»n

:/

WrXeefn*°rt!fngH

hJS

1946 have
and

raw

CONSOLIDATED INCOMEIllinois SURPLUS dSTATEMENT
(Armour &3,Oct. 27/45 subsi iaries) Oct.30,-«Co. of AND and
53Nov. Fnrl .
Wks
■ 5? WrHfff
1,404,053
$
$
212,536 Sales
l,183,537,56i 1,212,961,355 1,477,$970,945/i,416,5$58,800 .;
?6?6,815/ ? Cost sales, etc. 1,049,651,026 1,119,187,234 1,356,179,586 1,307,463,218
1945

53,547,308 47,278,934
10,639,326 9,286,358

-6,873,964 8,025,6062.700,000 1,500,000
60,125,917 27,683,223

-—

55^900

16,064 ? decline

-

income:-^..-^,^ • / ^ 99,671^ •V;3 —; -(Del.)' ,$6
■ f
il'otl
■J;98-204

202.540

.

Net income v-

.

91 28ft

173792

91,288

^,5p0,000

104,404

5,401,007
23,455.932
94,890
'
>v;;.

—

157.284

17.565' • 157,284> 11,250,^|Sl4,570,8381 _

'

1/—
^

f 110,504

44,147,851

9,^2,538 '-"'

20,791,128 7n;

«

? 99,671
?

17.565

17170CK

prior

52,387

120,737

43,187,811
;%/ 960.040

..

J pen

erpst.

6.784,495 '

49,361,764
1,049,680

v/'FS

Jt Cl
Prem. pa.id upcn

-

9,796.088

1,200,960

61,253,147

1 wh.

48.127,188 a;

1,500,000

/Other income—3,127,230 /?/28,965,035 50,411,444
1,281,812
. Total income^ . 3,782,025 4,601,870 6,111,368
Int. and amortiz.
. Fed. income and
—' 04.^,.100
, exc. prof, taxes t24,07?,958
8,796,972 31,721,204
8,062 Loss sale real est.
■
819,756

80,273
8,054
1,295,374
1,439,380
59,511

■

/
•

52,686,017
11,116,485
I ? 7,127,093

1,528,282

$10,361,824 $8,220,820 Minority'dinterest
. ^de'd ebt
. *
"
TV*

^4"— '
income_n'?——T

-- ' -

-

-•
-

$3,125,339
- ''

•4

(market/."^IBalaries and wages accrued^^j^^^--/--^--?^?.;
of/?Employees- pension plan contribs. accrued-^-- /
Insur,, rentals, comipis. and royalties accrued-,- ^
General Steel I ^cC^u®'
$6,500,000), Reserves for tire guarantee adjustments™.
securities (less reserve ? Reserve for purchase of 4 4 ,0 conv. pfd.
equipment • Reserve foy agency accounts (per contra;)y ^12
for, unclaimed■'divi(iencis^^Wi^.w^v^-f».^^^/;^;>-lyj/
^ |UOiwwuimawv**piwvu«.«
deferred'
' ' oner'ations
convertible preferred stock ($50 par)— > , 2,450,050
before Sept.Of
refinancing
par for Federal
'
'
"
- ' /|;|ciass,B common stock (no par306,935 ', '306,935 /?/:?§ Charge1943, on 7% preferred resulting reduction inpar- basis.excess
t §Class A common stock (no par).
2,437,685 2,198,935 ^.-_the latter date for portiontoofthe stock on aand retroactive wage in-J
equivalent
Capital surplus —————•»— 571,198
570,247 June 13,
which
payable, $1,443,890; payrolls accrued, $907,'
- K
surplus
i
279,369 1,490,235 profits taxes
/:| Earned surplus
———2,279,369_ . $. 1,
taxes on income and for renegotiation 'of
securities?

cost

ASSETS—Cash, $6,244,687; U. S. Govt,
at
$9,655,898),' $9,647,249;,'accounts receivable (less reserve
$7,735), $5,555,442; inventories
(at cost or
lower), $7,365,878; investment in
common stock of.
Castings Corp, (cost of
148,500 shares, less reserve of
$901,375; other investments and miscellaneous
of $15,515), $269,122; land, buildings, machinery, tools and
<after depreciation and
amortization reserved rtf
652,852; patents and goodwill
$1charees to
$286,201; total $43 122 807 '
/ """ "

56,677

/: Divs. on

V

preferred

-

-

,

5,862.956 /•

-

3,197,976'> r 2,398,482

799,494

market, whichever is

'

LIABILITIES—Accounts
424;

adequate

With

' / v?/• h j-

2,374,990

.

value

?:2,272,730,
1,489,592
1,933,794
393,654

$317,778./$3,865,044
$300,393
$377,553
———————
Shares common /Stock.1,187^95 /1,187/195 .1,187,495
1,187,495 ' LIABILITIES—
Earnings per share-//.-;/,' $2.27';// $5.25
$2.25
♦Appertaining to outstanding minority stockholdings. ,? t After esti- ? t Due ton acquisition of
miated
postwar credit of • $885,115 in 1944 and $1,490,808 in 1943. ;%?i tion Finance Corp.
J After renegotiation of government contracts.- UClaims for .refund of Current account of affilliates_
f'ederal tax^ «Pd renegotiation, for Prior .years arising from accel; bue Sears, Roebuck & Co.—
Employees' withholding
•erated amortization of emergency facilities pursuant; to Presidential
$ Dividends payableSurplus

'

T

xtPrbperty, plant
Deferred charges

'■ ■ - '"//;

;

A" -•'

$6,240,034
2,374,990

$2,692,768
2,374,990

dividends

'

Crl,334,066/, ' ••/
;

profit—..

.Common

,

1-

J,

refund

and

sheep

Mahagieittent and service'-fee®

/Inventories

renegotiation—/

1943

IClaims for

ample

an

347.952 Selexpenses,&etc.__
l., adv. gen.
46,116
receivables
5,688 . 31,770 ^Ordinary taxes.
^Reimbursable;adv^nces^^ for government facilities
3,793 ' Depreciatitonempl.
/Cnrreht accounts of affiliates_„___—28,470
8,080 contrib. o ___
fecjfeivable
__
4,25o
Due
employees
17,397 11^69 . pension plan Sears, RoebUck & Co. on purBalance

C^RofxAl'
b9i,o44

394,210

Additional provision for

„v

2bn

231,671

199,369

12,463

&c.

850

encouraged

other

^ ':?n2'rt8ic2

6 970 700

271 428

33,162.,

—-

sales of sec.,

deductionsi;::i

Misc.

outstanding.

•

317,190

393,868

304,931

,4ii Sq° $12'09o3'„ol8

of sub. cos.

earns,

„

<64
$ 4!i <7in 419 AQ3 B9«

profit———j—;

Total
♦Net

1943

I—-..,-

*4107 313

profit from opel'._

Net

common stock

SEPT. 30

BALANCE SHEET SEPT. 30
ASSFT®!
'
1946
34,838,158^, 60,464,867^/;64,263,748-,74,673,144
n s/Government-obligations----^-----------1,263,644
'}2S..{-•••U. S. Treasury notes,-tax series C
' —— •
164,317
1,383,872 2,570,502
fAccounts receivable—tradel.l,:
,1,486,889 i
tn-ifiR
«(;i7Q9rt o44 «170rr339 '
509,062
$/-Accounts .receivable--Sears Roebuck As Co. (net)
Accounts/receivable—tr, s. Government—
1.944

1945

1946

less. <dis-

sales,

^CtTOSS

the past fall. Offsetting
in beef coming to market

sold ' its interest in 236 Hotel ,v com ,rflbelt feedlots. feeders hugeevnnnrt ciotpsio pipo«riin«r enernhnns
finro, Qrprl catt.P The to feed of .t f duced/in
ft*61™5 of' the total meat supply' prospect, with consumer demand
materials in lamb and mutton volume iS) not
500^^?h?res
A^
for our product likely -to be, sharply, higher than *in prewar, yfears,
' and Wlth continuity of operations indicated by recent collective bar- , ,

.-•

.

1946.

20,

•.

this .,
from?
cattle feeders to expand cattle feeding operations and
supply of gpod beef seems assured.
Some reduction in?,./
lamb marketings is expected during the year ahead but

the

in

equipped with chilled iron wheels. ,
ock of General /v^The company also owns 50% of tne outstanding shares of Armstrong
the common stock of General
equivalent toappears on the amount /, Tire & Rubber Co., Natchez,
32.52% of the balance
,,
investment
investment appears on the balance vCorp. and the fiscal year of itscompany in Worcester " Service. Station.
During also disposed the interest
The company and Lake Shore Tire & Rubber Co.-; each retain their
£heet less reserve at $901,375, which amount has remained .unchanged
.since Dec. 31,
1939..,/ The carrying value of this investment in the
Interest in Copolymer Corp; Each of the companies continues to 3ervices
receive
accounts of American 'Steel Foundries is $6.07 per share as com¬
pared with a book value of $15.14 per share shown by General Steel
Castings Corp.'s published statement as of Dec. 31, 1945. -Dividends
-InSS?^1946^ frnaddmbnal^12
of-cms$^^
stock
in arrears on that corporation's preferred stock amounted to $6,150,000
wp" / sue d u do n e x e r cise of war ran t s s ra n t e cl to the underwiitert in •
as of
Sept. 30, 1946.
It reported net income of $1,531,212 for the
calendar year 1945 and $1,864,388 for the nine months ended Sept.
i
313,182 shares of olass A common stock and 53,380 shares of class B
which 1,600,000 are

lines), of

•car

/V/ /'/'/.-••
?fi;7
not)1 expected to differ greatly /*
Pork production during the
doubtless be somewhat less than in
year,reflecting a decrease of 11% /?

ahead.
'•
Totaj meat. production in 1947 is
the volume
produced In 1946.

yerr

changes have been made in the above
credits for prior years made during the

NOTE—No

./The

/ We

is at &
other com-f?
provided '/
during the

not

are

r ; $256,787

'

from

and

$489,747

During

Leen

directory:at their ,?/

quarterly dividend of

-

•

$505,629

$299,339

—

than

a~>

596
202

income

The

.

$5,063,462.■- In addition the

1946' declared the regular

aggregating'$799,494, payable Jan.- 1, 1947.f . ■£??
employees'has resulted •/
should assure
oontracts closely
larger.'companies in the
OUTLOOK FOR 1947—Operations .in- the ye&r-ahead'should benefit
-from an adequate supply of livestock,- poultry. and dairy products

,1 $669,061*//-

$905,682
433,523

.

•

1

payments aggregated

'xmeeting on Nov. 1,

iL;

$536,446 / $1-50 per share,
380,210 /■"■ LABOR—Collective bargaining with our plant
Jn contracts extending to August,,1948—contracts which
$1,339,205/ $1,098,306 ? $916,656 / continuity of operations over that , period. / Our
,840il2,177H'Vr{,: 8o,56'f.v parallel those which are general- among the
industry.
f
,//: '
*
.-

years

Lave

447 172 ./■>

7

PREFERRED

•

$983,618

$1,131,056 •511,995 /

$1,684,400
778,718

.7? 77777/
perT*?!
;?/

higher than

Rubber

End. Sept. 30—
amount of approxi¬
the year.
sales
reduc- Manufacturing costs——
and for re¬
>
i Gross oper. profit—$2,553,686
During the fiscal year 1946 our Federal tax returns for the fiscal ;
Gen., adm. & selling exp.
759,523
1942, 1943, 1944 and 1945, were audited by the Internal Revenue
$1,794,163
Net oper. profit—
Agent.
The audit reports on life companyV two active subsidiaries;
267,031
been received, but the report on the parent company has been
Other income ——u/i-.
delayed awaiting approval from Washington of the closing agreement •,
the year -1945 under the Renegotiation Act.
This agreement, which ■
Total profit
—t $2,061,1»4
lis expected to be approved in the near future, provides for a refund
deductions —iii—
l8u,939
$715,708 to the government as compared with $500,000 provided in
Accelerated amortiz. of
"
[the accounts for the fiscal year 1945.
The difference of $215,708, less /
emergency facilities.:ithe effect of offsetting Federal taxes, amounts to a net figure of $31,278 ?
taxee—■
787,140
!
has been charged to reserve for Federal taxes in the accounts,
reserve for Federal taxes for prior years may prove to be more
Net profit
$1,085,115
ample to cover any deficiency.
" ■
'/r
/:/div. requirement—C/;
117,645
the year just ended a loss in the amount of $264,005 was ..
incurred
the sale of unimproved land in St. Louis, Mo., that had
Bal, avail, for Com./L /
$967,270

just ended will be filed in the
mately $100,000 at the time of filing th^ tax return for
iBoth of the above referred to amounts have been handled as a
fcion of the gross liability, for Federal taxes on income
negotiation on the balance sheet as at Sept, 30, 1946.
> ;v
credit for the year

1947

FINANCIAL CHRONICLE

reserve

for

Federal

>2,500,000

V

'r

ilch is

crease-

i
tax notes, at cost plus accrued InTotal
for other taxes, $554,831; operating(/I?
reserves
(for; repairs,.-furnace rebuilding, workmen's.^compensation,,.
product guarantees, etc.), $1,436,483; minority stockholders* equity in ^ ! ■.
subsidiary consolidated (capital -stock $55,050: Capital'surplus $17,326, I f
earned surplus $40^58),^ $112,634; . common >,stock/uf no; par
(outstanding 1,187,495sshares), $23,749,900; capital surplus, $4,310;194; 11.

government contracts (less U. S.
terest, $2,050,220), none; reserve

—

————

,xes.

/

X--—$10,361,824 . $8,220,820

•

that

/

n

I

,Tz---^•,
22, 1943. and $277,v1e48incomerest accrued fexchanged l as1 to
7% cumulati inte debentures rom Apri Of

.

•

f

,—

-

.

CONDENSED BALANCE
of

SHEET (ILLINOIS COMPANY)
Illinois and subsidiaries) '
46 >> Oct. 27, '45 il;

♦After., applying tl/S. treasury notes totaling $707,768;dn/1946 and ,
, .
$20?-536 in 1945 as reduction of Federal income taxes (per contra).- t
value^ISwrve•10,7J.X- in^l946 J961,262 . . - assets—•'(Armour ■& Co. of
Nov.
28,938,429
JAftertverves-for^depreciation of $1,120 397 m 19461 and
,
1,683,588
€a?rneiClurpl"s (pe?: annexed statement), $10,607,451; total, $43,122,807. ' *n 194onnd/reserves for amortization of $851,857 in 1946
tLand. ^bldgs.,cars, delivery equipt., tools,
tnach,
>
;66>//;?/
V
/^Represented by 313,192 shares in 1946,' Snd 299,380 shares in 1^45.
^frigerator
Americ^n^ Telephone & Telegraph Co.-vFurther deHRepresented -by 53,380 Shares in both years.—V. 164, P. 950.
v
------"pbTit^Talt'Tefuh^
—
tdlls
Debenture Issue--[ '•
a
War .Savin
prospectus dated Nov. 6^ 1946, has been supplemented as foliowsiAriHOUU- & Co«„ (I1I»)
AnHUSl R6pOrt GC0r^6 A>' Fort : ill), bS..and purchasegs receivable——,—v
pl yeesr account^ bonds on.-!-hand emlol 15-year-2%% coiivertible ^ebehtures,-due>-Dec. ! WOOd, President States in part:
• '
Notes
I5;t;(conv?rtible AprU 15,^authorized and Dec. -14,^^1958r Unless , 11 103 537 56I: Net earnings Total-sales'tor-the Vear equivalent' to I Intercompany
1947 through v offered to stockhold.previous redemption)
amounted to $30 291 128 amounted to Inventories
—
^So«Lrecord 0n Nov' 8- 1946 was $343,087,700,proposes toapproximately ! 1 ifld of nroduct sold.S dS of salesour operations a proved per .' Due fronl subsidiaries not
of which sell the un- uound i/10 cents on The diversity of and 5/9 of
cfent its Investments,
unsubscribed.- The company
2^947eonPthe°New Yorkd^J^eVf°m tiphUtH fi^ afte^.Ja^- /! w°rth^ total year.Juet'closed.lTtomestic/meattotal net ns/representing .;Deferred charges —
in.the aales-contributed onlv/32% of operatio .earnings. The
Total
-*—
Boat^ Chicago, Philadelphia or Wash* |
53,299,600
LIABILITIES—
' I
mgton Stock Exchange through brokers who are regular membqrs ?;balance of the bperatlons representing 39% of. total sales and cover. .
364,364,607 332,362,530
r?ceive for tlieir'services only the re8ular ;0jing shortening and oil, pharmaceutical, dairy and poultry? (soap,
$$6
prior stock, Illinois company,—
53,299,600 3,371,500
commission.
..;•.
• / ./ v/ giUe,? hair, : sandpaper, / ammonia, ;.chemical, / net earnings, >3 cents
fertilizer?/;leather. ..and
preferred stock, Illinois company——
3,371,500
(20,328.588 20,328,590
operations—contributed 68% of total
.

, .

Illinois and subsidia2,i
$
« *
and fixture equipment 118,9189,9885 120.,0604,206
etc.— 10. 44, 58 ,9 05^84
'
for
—-—' 47,566,8443 .5.-0,^274,2524
09, 82; ^ 271, 40
accounts receivable
• ----- - ?o'' c7J4w,;
co'kc1
stocks, bonds consoladvances—.. .14,231,5767 /12,662,566
and idated.
69, 28 "--"qiS
for 1stmtge. bonds.— 2,656*124 22,5573*131
2 656,124 7J,1J1

and $861,073

*

/

on

The

The total amount

called

for

$12,900,000

was

-

WiU

o

v

age

.//•

Approximately $16,400,000 principal amount of debentures was
ported sold on the New York Stock Exchange during the
ripp
10ARTh»' price range dunng this period on such Exchange
—t*5The

re-

If

The

net-

_

J

conv..

*.-7%

foreign

—earnings dollar of sales and operations amounted; to
was / on eac^ of our domestic meat
- —-*■ —
month of

-

*

;?£' i

..

'

id

Va

of

a

cent per pound

1 and

of product sold. .

.........

Common

...

stock (par $5)

-i

—

.20,328,588

4.17,826|l4

8,085,251
19,438,517

7,974,139.

Ve
4,714.080
WORKING CAPITAL—We "^closed" the-year in ,a' „ sound financial
,
. ,
and the last
-wnvkirx^ pnnii.ai
an increase -of $9,Accrued liabilities
^ 6,356,396
unit of $100
position with $150,234,294 cf: working capital, an Increase of $9,
Res, fpr general and social security taxes^,—„
4,215,025 A, 900,ODO
other Exchanges mentioned,1 561,991 over the previous year.
pany effected further ^Dividend payable on 30
.
period aggregated less than
DEBT REFUNDING—During the year the company its 2 Vt %
ing
serial I;. Funded debt due within year™,
Reserve for-Federal income-taxes^—------—25,643,197 / 3,287,479
$700,000 principal amount.
If $12,900,000 principal amount of deben¬
savings; in
annual interest charges by refunding its 2(4%
tures (the approximate amount unsubscribed) Were to be sold" at theFunded,debt
m
88,993,500 101,000,000
promissory notes, 3J/4% first mortgage bonds and 414% cumulative
closing price on the New York Stock Exchange on Dec. -31,
1946,
Reserve' for, contingencies-^.—;—---—- 4,000,000 :
4,000,000
income
debentures (subordinated)' with/ similar / issues at /interest
(a) the aggregate price to the public of such debentures would be
Reserve for inventory price decline————- v 9,500,000
rates of 2% (for $20,000,000 of notes purchased by 18 banks); 2%%
$15,367,125
(exclusive of accrued interest)/ (b) commissions paid
J Reserve/for replacement of basic "last-in, first- /; - ^
^
(for $50,000,000 bonds placed privately in July with
16 insurance 7 out" inventories ;
would be 25c per unit of $100 principal amount, or a total of $32,250,
——- £ 2,953,961
77.9,588
companies), and- 3(4% ' for $25,000,000 of debentures, also sold pri¬
and (C) proceeds to the company would be $1187/a per unit of $100
Res. for N. Y., State wprkmen's comp. ins
' ; 200,000 ; : 200,000
vately in January to a group of insurance companies, *
;
^ ,
Minority stockholders' equity in. sub. cos.-—— •/. 649,146
568,111
principal amount, or a total of $15,334,875 (exclusive of accrued in¬
terest).
On this basis the net proceeds from the sale of the entire
—c 775.000
% 769,000
IMPROVED FINANCIAL STATUS—In my reports the last several ./ Deferred income
issue of $343,087,700 principal amount of debentures, after deducting
Surplus * '7—-—--—-----^
— 115,189,894 102,646,675
expenses now estimated at $1,950,000, would approximate $343,573,000. •- years, I "traced the improvement in the
Upon the sale of the unsubscribed portion of the debentures, the
pany from the end of 1940 forward and
71 Total /-I--'364,364,607 332,362,530
■entire 3,430,877 shares of the capital stock of the company registered
• improvement. Further improvement in this
was —
with an increase ill working capital of $9,561,991 and a reduction in
tAfter depreciation reserve of $4,585,043 in 1946 and $80,749,038 in
nri tU
4 Ha rlnhA«4n
«.i11 I
_ . '' •
*
.
in connection with the debentures will be issuable upon conversion.
funded debt of $12,006,500.
This gives us an accumulated improve¬ \ 1945. tRepresented by 532,996 no par shares.
—V. 165, p. 66.
ment for the six years (1941-1946) of (1) an increase in working
tAfter depreciation reserve of $84,585,043 in 1946 and $80,749,038 in
capital of $49,544,168 and (2) a reduction in funded debt and guar¬
$503)139 in 1946 and $995,639 in 1945.—Vv 164, p, 3409.| , ; ,
American Water Works & Electric Co., Ine*—-Outputanteed preferred stock of $28,868,700.
■
power output/Of the
electric properties of this company for the
-Chairman Elected— V>
The
soundness of the policy followed, " from
the' standpoint , of
Art-Craft Briar Pipe Corp.fortifying the financial position of the company, is shown graphically
& Co., New York, N.
l??e^«ended the output of 79,319,000 92,776,000 the corresponding week
Jan> 4> 1947 totaled kwh. for kwh., an increase of
16.97% over
•in the following ratios:
'/• •, •
1946
Bl G. Cantor, President of B. G. Cantor & Co., New York N Y.t
1945
—V. 165, p. 66,'
Of 1946,
... . ;
149% : underwriters and distributors of capital issues, has been elected ChairFiscal Year—
,v.
>■>•
"•?>-1940 •
140%
Working capital (1940=100)—
100%
/A,;''.i'' man of the board.—V. 164, p. 2. ?r/;
■••/ !l':/' > ■
^
—December Sales Decreased 3.7% t Capital securities (year-end ratios)• '?.
30.1% /
;•' /?
Vr?/'
35.4%
2iM
^Xc
31~"
1946—Month—1945 , 1946—11 Mos.—1945 Funded-debt and gtd. pfd. stock,^
45.8%
25.8%
Associated Metals, Inc., Seattle, Wash.—Files with
Pfd. stock, inch. pfd. div. arrears
25.7%
—V.1647p?~3l3i*~"~"*"
$750,272 $779,285 $6,746,276 $6,807,177
7 'The company on Dec. 30 filed a letter of notification with the SEC
Com. stock, surplus and surplus
; .I
/ ; '. ,, 38.8%
•
.... .
,
reserves, less pfd. div. arrears28.5%
38.8% , ./ 45.5% for 200,000 shares Of common to be offered at 45 cents a share/
L. A.
Adams, Kirkland. Wash.; R. C. Rumball. J. S. . Kennedy, and
Fites'wUhSEC-6
100.0%
100.0%
100.0% E. M. Williams, all of Seattle; S. W. Grub. Yakima, Wash.; and J. R.
Evans. Sequim, Wash,
are< named' as underwriters. Proceeds will pe
INVENTORIES—The greater, portion of our product inventory is
"
valued on the basis of market less selling expense or the lower,.of v used for- purchase and installation of taill equipment.
cost or market.
The balance is valued .on a cost basis of "last-in,;
^
W *>
;»rt
;

$112V2

to

$119y2

per

unit of

$100 principal amount
of $li9Ve per

r

1

Was at the price
principal amount. In the case of the
the total reported sales for the same
eale

on

Dec.

31,

1946

.

•

-

.

preferred-.,-_w/.-,^? 6,006,500 1,
799,494

..

.

•

*

.

V M

financial status of the com
outlined the need for 1946
respect
made in. that
. ( •.

AAtino/iriAn

'

.

V

,

,

•

.

..,

,

'

SEC

PetroIeum Corp" Douglas, -Ariz.-'/




il

■

,

■

,

ryolume .165
r. i

if-

i-

■••

■

Number 4559

"l'*; Ashland Oil & Refining Co.
\ 'Years Ended
Sept. 30—
194(5
of

goods

exps.

and

amortization

1,950,320

<y

». other

$1,990,429

1,291,735

135,456

$2,152,571
1,078,432
ICr251,000

'

•

profit

t Reflects

$3,398,947

jrears, in

$2,570,483
•••'"

2,503,860

981,000

$1,325,139
from

$980,087

Federal

income

$771,939

ASSETS—

Cash

and

"

V

secur,

"

inventories
Invest.

&

assets-

3,668,411
466,760

5,201,556

I

""" '

977,891

779,212
6,100,030

'

'

Total

^Long-term debt

5,000,000

—-

^Reserves

'

J—i—

□Minority interest
□Preferred stock

5,604,673

141,900

«ithe

Common .stock*

....

.

Surplus

6,545,206

'Total

.

5,490,830

Vtive

built

by

announced

Electro-Motive

Division

of

General

'

Motors

Dec.

on

ihe

of

engines:

-

*

•-

,

,

896

share
Jan.

of

$383,713

C

of

the

volume

that

was

projected

The

36,426

5,230,779

□Bamingk'-per>

The

directors declared

March

1,940,472
368,225

;

1,

1947

V.

been elected

chasses in 1946

being

as

df -55

-tures

incurred

a>.

111,

in

the

The

of

used

to

construction

balance

will

cents

reimburse

and

be

to

3.

also

firm

•

of

Stein

that

bank

loans
rof

incurred

the

bank

&

L.

of

date

common

to

be

sold

for

at

the

$16.82

either

v

\

'r ]

stock,""payable
total of

a

17

share

a

of

F.

company on

164,

a

share,

Loretto

Dec

Proceeds

filed

holders

of

on

the

preferred

be

used

to

/

...

to

Borg-Warner

■

-

in

stock

;

the

plant

funds.—V.

coupon,

Hutzler,

of

new

$4,149,750.

-

Associated

.

standard-guagc

railroad

^ :irr.:.

with

.

were.received

99.281;

99.27; and Chemical Bank & Trust
Co., 99.16.
The certificates will be
issued to provide for not
•of
cost

-

—

^

November

December

*

i

-

payable
year

Alex.
more

pany and its
.Should not be
to

in

position

President,
restrained

the

sides to submit)

a

were

one

at

Brown

than

of

shares
p.

2954.

she said

class B

of

;

the

and

f

diversification,

of

the

outstanding
issuance

then

Co.

Shares

of

$1

November,
new

thefe

are

to

basis

total

will

be

the

or

36%,

in

the

common

stock

the

estimated

Co.,

Steele

Phenix

in

the

•'

■

Salesj

Mills,

N.

•

'

,i

the

1946

1945

Sell.,

♦Subject

*

p.

.3139..-

.

to

$2,848,387

combined

' /

-

..

/.

plan

for

Lewis

N.

held

20%

by officers

of

fabric*

cotton

fabrics

and

rayon

and

CM

equipment of Flint Manu¬
Mills, Kings Mountain, N.
C.,
were

acquired.

One

of

tha

STATEMENT

less

$

discounts,

returns

and

gen.

Total

deprec.__ 107,045,860

adm. expenses.-.

Federal

exc.

for

taxes

.

minority interest (Z>r)
Net -profit

Dividends

oh

Dividends

on

305,840

'•:

r

969,226

5,860,224
2,008,153

12,920,797
cumul. pfd. .stock___~ ' ;
944,494
common stock
i
4,046,448

4,980,729

497,537

114,491

—

;

Outstanding shares
Earnings per share

of

common

stk.

446,019

2,153,984

289,228

13,272,280

740,788

327,395

—

,

Cash

8

"U.

on

S.

'

2,201
3,934,938
313,195f 1,813,143

3,448,820

1,723,076

V/./:;,;; $3.47

861,688

$2.63

$4.28

CONSOLIDATED

BALANCE

hand and in banks

rGovernmeiit securities

Canadian

Government

f Accounts
Notes

ordered

Due

and

from

receivable
assoc.

*
-

securities

SHEET

Cash

value

surrender

Notes

and

accounts

Excess profits tax

of life -insurance
policies
receivable—non currents

refundable
investments
1

Sundry
,-fLand, bldgs., mach.j fixtures
Deferred charges
c.

and

*

equipment-,

Total-

/

$5,779,472
expenses,

payable
tReserve for Fed. and State taxes
on income,,
Due to domestic and
foreign assoc.
Reserve

for credit

Minority interest
preferred

companies

and other
iri

stock

3V2%

164,

2,161,093
27,489,721
1,718,781

1,076,203

$90,130,525 $55,108,648

Accounts payable (trkde) uSundry accounts payable and accrued

claims

.

133,526
45,478
464,776
3,176,775
13,220,123
'

±,,>

%ftLIABILITlES-^:\'-'''

Subs.)

*18,917,191

179,553

217,552

'

without

mining

.

4,530,593
307,185
146,076

32,679,199

(sundry, etc.),
(not
consol.)^-,,_-_^=

inventories

81,295

10,351,263
1,095,784
284,646

receivable

cos.

Sep. 28, '46 Sep. 29, '45
$12,155,437
$7,892,738
1,716,200
5,197,984
1

(customers)

accounts

Merchandising

.

charges.—V.
.•*

2,722,428
7,389,671
1,465,011

^

-

.15,958,239
1,378,017
-6,555,750
2,188,465

817,765

(net)

income

12,983,054

.•

25,643,067

profits taxes

Federal

18,329,578
3,703,918
1,642,612

15,652,399

23,894,486
.1,748,581

Prov. for foreign & State
inc. taxes
Net profit of subs.
cos.
applic. to

com¬

"

and capital

1,764,248

ASSETS-

share

a

of

22,398,954
4,982,307

8,297,245

income

93,387,417
75,057,83®

85,800,893

33,898,582'

Other deductions
Prov.

$

V

•Operating profit'

1,748,660,000

Jan.

and

141,544,442 108,199,847

exclusive of

(par

$100),,,

^

preferred

3',&%

contingencies^.,,,
subsidiary companies,,,,.;

5,762,354
2,006,284
7,218,163
y

$3,875,398
3,545,155
1,011,538
736,886

498,389

1,400,000

1,400,006

909,305

386,512.

15,000,000

15,000,006

12,713,586
20,448,348

1,723,076
14,318,056
13,112,026

2nd

stock (par $100),—^^
5,000,000
preferred stock (par $100),,.
9,945,800
iCommon stock (par
$1),,^.^—3,448,820
Capital surplus ^

Earned

surplus

,

Total

——

$90,130,525 $55,108,646

"After

reserve
for discounts and doubtful
accounts of $347,504 in
and $177,333 in
1945yfAfter reserve for depreciation
and amor¬
tization of $13,376,020 in 1946 and
$11,462,114 in 1945. JAfter deduct¬
ing U. S. Treasury tax notes of
$6,257,107 in 1946 and

..

1946

1945.—V.

164# p. 2403.

/

*'-.

$9,648,173 in

„*

(Reg. U. 8. Pa/tent
Office) William B. Dana
President; William D.
Riggs, Business Manager. PublishedCompany, Publishers, 25 Park Place, New York 8, N. Y„ REctor 2-9570. Herbert D.
Offices: 135 8. La Salle
Seihert, Editor and Publisher;
twice a week
St., Chicago 3, 111.
[every Thursday (general news and
(Telephone: state 0613): 1
as eeoond-clasfl
advertising issue) with a statistical issue on
matter Februaiy 25,
Drapers' Gardens, London, E. O.,
1942, at the post
Monday). Other
England, c/o Edwards & Smith. Copyright 1947
office at New York. N.
Csbwia. $36.50 per year; South and
by William B. Dana
Y., under the Act of March
Company, Reentered
Central
3, 1879. Subscriptions in United States
America, Spain, Mexico and
NOTE: On account of the
and Possessions, $35.00 per
Cuba, $38.50 per year; Great
fluctuations in the late*
year; in Dominion ol
Britain, Continental Europe
of .exchange
(except Spain), Asia, Australia and
♦•emirter.ce4 'or
Africa,
forei,?n




to>

1945

Sept. 28, '46 Sept. 29, '45
Sept. 30, '44

Other tincome

Passaic, N. J.,
recapitalization

on

cents

■:

the

was

□

$2,395,379 $30,079,449 $28,113,695

depreciation, amortization
•; ;

is

production

Depreciation and^amortizationiw.^
;-1.706,851

1,810,939,000 '
1,514,271,000
1,432,209,000
1,274,745,000
1,278,676,000
1,113,056,000
1,008,013,000
1,013,476,000
1,074,119,0OO
1,240^125,000
1,384,018,000

(

I

In

cotton

Phenix

Gross profit

-

a

^"SX

'

earnings

calendar

compared

■;

for

plants

C.,

v

allowances
Cost of sales,

offices

(Expressed in United States
Currency)
Period End. Nov. 30—
1946—Month—1945
1946—11 Mos.—1945
Gross earn, from
oper.,
$7,195,692
$5,672,792 $71,001,372 $59,457,476
operating expenses
4,347,305" 3,277,413
40,921,923
31,343,781
*Nct

1946

as

Approximately

company

fine

and

Rockingham,

units obtained

*

s

~

-

of

the
stock

distribupast year there was
of shareholders so
that

number

the

CONSOLIDATED INCOME

executive

Brazilian Traction, Light & Tower
Co., Ltd.

—Earnings—

the

stockholders.

of

facilities
fibers

year

Gastonia,

■Year'sEnded-*--",

4%

to

of

SEC

80$

t'';-:;'-*

split

share

common

shares

families.

the
fiscal year,
blends 6f man-made

two

||

with

^

development

expenses.

was

end

indicates an
ever-widening
stock. During the

6,453

their

in

share

per

adjusted

survey

common

fihe

Inc., Helena, Mont.—Files

used for

the

value

par

paid

$1.17 Vz

of

common

outstanding
ana

the

basis

the

recent

Earlier

,

10

underwriting. Proceeds
and other

at

\

bringing

stock
on

A

year.

mixtures.

The company on Ded. 30
filed a letter of notification
with the SEO
for 270,000 shares of
stock, to be offered at

&

stock

additional

stock

Dividends

the

one

and

goods were enlarged
through acquisitions of
going concerns and a
program of expansion
of
existing plants entered upon. In
August, the company purchased
and established as a new
operating division Cramerton
Mills, Cramerton, N. C., manufacturers of

the

r

Boulder Belle
Mining

common

of

outstanding,

EXPANSION

the

dropped. The
to the remaining
phases of the plan,
Col. Johnson the right to
purchase 50,000
for $2 a share
up to the year 1950.—V.
364,

with

contingencies.

upon
its postwar
expansion,
was provided
through the successful
cumulatlvie preferred
stock, par value
3V2% convertible second
preferred stock

through

common

share

directors

from

gave

stock

$37,099,159.
history,, with

split-up in July, the
company has
dividends of 25c a share on
the new stock and in
September declared an extra
dividend of
25c
a
shake

of Burlington's
increase of 1,700,

•currently

■

however, objected

which
of

tht*

against

of

-

tion

.•

,

briefs within. 20 days.
Dorothy Hennessey of Woodport, Morris
County, N. J., holder of five
•shares of class A
stock^. brought the action on the grounds
that the
company plan would be illegal.
i
h
,i;Counsel for the
company said that. there was no cause
for action
because most of the
plans for recapitalization had been

complainant

was

$58,363,824

company's

operational

of

tax

during

considerably

totalled

entered

year

3,448,820

the

facturing

motion to show" cause
why this
Col. Charles F. H. Johnson of
M.

this

working capital

in

acquisition*

one-fourth

3Va%

"

the

per

"calendar

a

from
submitting
stockholders, Vice Chancellor Vivian

its

both

•

equipment

net

possible

July,

COMPARATIVE

on

of

program

of

share

were

in

on

$•62 Va

16,221,145,000 15,892,307,000

After hearing arguments

to

repeal

improved
assets

a

various

applied

the

STRUCTURE—COMMON

basis

each

Following
addition

Total

—V. 164, p. 1864.

from

tax

as

"

approximately

1,771,159,000
1,619,933,000
1,459,561,000
1,331,090,000
1,177,988,000
1,100,842,000
1,031,410,000
1,100,204,000
1,163,677,000
1,297,645,000
1,397.814,000
1,769,887,000

-

Net

declared quarterly

-Monthly' butpiit—-

October

,,

Halsey, Stuart & Go. Inc. "in the
offering are:
Equitable Securities Corp.;
Harris, Hall & Co. (Inc.); Otis & Co.
US. W. Pressprich &
(Inc.);
Co.; L. F. Rothschild &"
Co,; Julien Collins &
□First of Michigan
Co.;
Corp.; The Illinois Co.; The First
Cleveland Corp.;
TCebbon, McCormick & Co.; Mason Moran &
Co.; McDonald &
IMcMaster Hutchinson &
Co.;
Co.; E. W'. & R. C. Miller &
-Ross. & Co.;» Alfred
Co.; Mullahey,
O'Gara & Co,;
Wm.
E.
Pollock &
JSchwabacher & Co.; Thomas-& Co.
Co:, Inc.;
and F. S.
Yantis & Co.. Inc.
—V. 164, p. 3410.
v:
The Commercial and Financial
Chronicle
William Dana Seibert,

all

shares
In

outstanding.,

165,

-

..

&

for

there

at

„

Bros.

$100.

two-for-one

-

corporation's

:

1946.

•
subsequently sold. Additions to present
plants approximating 375,000
square
feet
were
constructed and new
a share without- •'■i machinery and other facilities
approximating $4,750,000 were installed.
working capital.—

'

July

99.40L and immediately re-offered
them, sub¬
ject to ICC approval, at
prices to yield from 1.15% to
J2.25%, according to maturity.
The certificates mature
$331,000 annually Jan. 1, 1948 ti>
1957, inclusive, and are;
-being issued under the Philadelphia Plan.
%. Three other bid9, each naming a 2%
Salomon

shares

and .100,000

and

>

v:-

-

•!——

o--——

August
"September

with

were:

for

CAPITAL

50,000

value
a

year

common

cfepafcityr iMr. Sutton has established and
Will direct

for

in

at $1

augment

-

.

expendi-

new

bid of

They

strongest

resources

cbmmon

"

editor and war, corre¬
Relations Counselor for this

"

Cubic Feet)

□April
May..

the

,

•

the

Rogers, President,

notification

to be offered

June

Baltimore & Ohio
RR*—Equipment Trusts Offered—
•Halsey, Stuart & Co. Inc. and associates won the
award
-Jan. 6 of
$3,310,000 2% equipment trust certificates

•cost

«'/

record

16.—V. 164, "p. 2683.

of

par
on

the

concern

letter of

a

common

will

2150.

p.

30

($1 par)

March-

payable

company for

general

the

January
February

distribu¬

Of

a

in

progress

Spencer

DIVIDENDS
Consistent with its past
policy of increasing
earnings and stability
integration of yarn
spinning facilities and

$100,

or
,

announced the. purchase
of 56% of
Loretto Distilling
Co., which increases

Boston Consolidated Gas C®.(In

Boyle, who has been

;

reflects

sale

8

the

of

profits

current

company during the
program. Capital for this

& Co., Inc.—Increases Stock
Holdings—-

Jan.

on

always

through

.

■

not

alphabetical
alphabetical

near

lhe

without
loans

.

to

is

exact

as

forward

earnings,

'

;r

per

Jan.

excess

year

$21,264,665,

NEW

,

■>

$1.50 per share for

show

1; 1946.
working capital

adequate
'

•

liquidation
4

in

increased volume

Federal
fiscal

company's
Sept. 28; 1946,
liabilities of

reorganiza-

,

the

This

67; V. 164,- p. 3282.

p.

it

reasons

year.

At

current

Botany Worsted Mills—Briefs Ordered
Filed—

■

iSons,

year.

letter of notification with the
SEC

a

disbursing agent,

•

of

1346.

p.

to

effective until Jan.

The

bonds then out¬
therefore represents the

the

of

for

company's

not

in

ago

previous

provision

expansions.

the

>

Sullivan,

years

SouthvMichigan ; Ava.>; Chicago, III.—164,
p.^^ 2683

$0.30

:

General Manager of the .Pelton Water
"Wheel Co., a
subsidiary, has been named Vice-President of that com¬
pany. He has been Baldwin's
Pacific-Coast District Sales
Manager as
"well as General
Manager of Pelton.—V. 165# p. 67.
f
i
•
/
"
^
.
,

rsale.

Boyce,

remaining

loans

as

several

the

and

Bros.

John

corporation, which posi¬
for some years
previously.
during the year the corporation

Wilbur

made

27 filed

common

stock

news.bureau
at. 310

□

a

an

.

$136,27$

$0.40'..

equipping of

added

Bayway.

directors, and

1947 and
stock for

a new
high, as compared with
$108,199,840.
Net earnings
amounted
to
$12,920,797, which
preferred
stock
share on
dividends, equalled $3.47 per
3,448,820 shares of
common
stock. These
with 1945 fiscal
figures compare
year earnings of
$4,980,728, or $1.32 per share after
preferred
dividend
requirements and after
common
adjusting the 1,723,076
shares outstanding at
that time for the
two-forgone stock:
split
in
July, 1946. Improved
profits
result
almost
lower taxes, combined
entirely from
with

Boyce.

was

Secretary of the

its

par)

makes

corporation.*
>
In his new

Baldwin Locomotive Works—New
Vice-President of
"XJnit—
Wi

of

the

-TDonn Sutton, former,
newspaper. syndicate
spondent, has been- appointed Public

which

141,937 shares
$500,000 .of the net

will be

corporation,

The.company continued
reached
$141,544,442,

alter

Borg-Warner' Corp.—Public Relations
Counselor—

.

theoretically

$178,583
;

dividend

the

|i*

8,

688.

p.

.

«otal, company is selling 66,000 shares and
remaining
-are
being sold by certain stockholders. About

Clearing,

off

in

board

the/retirement:

for 34,344 shares

to

company

also

was

(no

company

The

438,637

95,000

a

of

Co., dividend

always

possible.

as

sales

served

Mr.

are

all
1

payable on Jan.
their certificates

companies

of

dividend

Burlington Mills Corp.—Annual
Report—J.
Love, President, on Dec. 31 said in
part:

<

1937.

Booth (F. E:) Co.,
Inc.—Files with SEC—

.

The company on Jan. 7 filed
a registration
Statement With the- SEC
for 207,937
shares, ($1 par) common. Underwriters, Lehman
Brothers,
♦Goldman, Sachs & Co.", Wertheim & Co. and
Burnham & Co.

to

affairs

the

elected

has

in

67.;-v.Xv-X^4X^:

Babbitt (B. %), inc., New
York—Registers with SEC

proceeds

to

partner
of

He

succeeding

arrange

conditions.—V.164,

outstanding

2,077,662

holders of record Feb. 15, 1947.
A similar
was made in each quarter during 1946.—V.
164, p. 3138.

tion

a

Blum
company's interest
•77.21%.—v. 165, p.

4,819,349

—288,583

period_Xl——

directors.

reorganization

President,

to

payment

liquidating

declared."

X

Stein Bros. & Boyce,

preferred stock.
William M.
delay was decided upon because of
current

3410.

p.

$466,765

—:—110,000

the

its

of

was

York, N. Y.—V. 157,

However, they

"after the

linal

been

to

Co.,

Terminals, Inc., the concern
supervising
Bayway Terminal Corp.
Henceforth he

v:,.-

"

for

of

New

position

4.20%

$2,820,578
231,279

inoome before^ taxes——3
federal income taxes—:

firm

dividend

that

the

has

A07"£—For mechanical

-

quarterly .dividends' of 30 cents per share

and

said the

Dec. 21, '46 Pec. 22, '45

□Net

is

&

share

stockholders presenting
the Underwriters
Trust

possible
order.

an

V 175,963

32,579

L—$4,114,565

—

Stock

Pressprich

\

/Birmingham Electric Co.—Sale
Postponed—

165, p. 67.

12 Weeks Ended—

share.

a

W.

t

usual

-

Broadway,

announced

corporation

per

liquidating
to

with

^ The company
postponed fof io days Jan. 7 a!
proposed public sale of
45,478 shares of

-*

Was opening.-rV,

year

iSales

Net incothe

since

elected

occupied by Mr.

the

This

.

1943

151,466
rv

,

factory aiArdmore, Pa;, produced 5,320

the

board

8IV4 cents on the $3.25
cumulative
paid on Dec. 28, 1946 to holders Of
record Dec.

'

Automatic Canteen Co. of
America—Earnings—

;

'

of

time

also

was

been

on

stock

$459,114

25,010

/" Adolf Gelpke, Production Manager since
May, 1944, hat
;itt
74%

full

member

shares

7.-

The

.

the Santa Fe

1944

91,871

*•

$30

Tidewater

Wilbur,
a

underwriting.

■Was

corporation

(Philip). Blum

1945

^

60

3

the

of

$1.58

cancellation at

Corp.

year, the same
paid in the preceding year.\ A
year-end distribution of 30 cents was
also made on Jan.
22, 1946.
_

(The) Autocar Co.—New Vice-President, etc.—

possible when that

the

■as

-

*,<■*■>

sub¬

of

During

;vV.V

*

thereafter,

Beneficial lndustrial Loan
Corp.—Year-End Dividend
The/directors recently 'declared a
year^end dividend of 30 bents

!., -Atlanta & West Point BR.-Earnings-

The

of

has-been

The company on Dec.

for

.

•.

Co., the

in

partner in

as

cargo planes
company's operations base, Los Angeles
Municipal Airport, on
it is announced.
Capable of carrying 20,000
pound-pay loads,
the Douglas
company confirms that the conversion job is the
most
^extensive done to- date on
exclusive air ^ freight equipment,l
65,
3>. 67.

3,676.294
4,782,639
Net from
railway—,
314,207
1,108,662
Net ry» oper, incomo-i-; ^
rf134,006
276,619
,*
'Deficit.—-V, 164, p. 2954.
/■■.;■'

Steel

on-Jan!

liabilities

the' amount
The final

for

■SEC—
v

the

railway—

the

acted

Beacon Associates, Inc.,
Providence, R. I.—Files with

JDec. 27,

*7,791

&

known

;;

senior

Chairman

completely paid

was

Air Freight Affiliate Receives
Delivery of First
dFour Planes—

\ From January 1
•Gross from

at

through R.
165, p. 67

:; ttiQn. in l937, . approximated !!,500,000.—V, 159,

switching

I

Iron

| The directors

notification with the SEC
behalf of Herman D.
Ruhm, Jr.,

on

which,

^

1

common

The repayment of the
complete retirement of a debt

for} the Super Chief,

November—
1946
♦Gross from railway^-$335,152
Net from
railway—-**488
Net ry. oper. income—

Central

handled

and

Brooklyn National Corp.—Final
Liquidating Dividend

&
as

letter of

a

broker J—V.

a

activities

his

A.

had

t

Vice-President*

filed

underwriting. Proceeds will be used
advances to subsidiaries.—V.
.165,
pool,from .which-is 1 :$%. *0:!$ y

f Santa Fe Skyway,
Inc., contract air freight affiliate of
•Railway, took delivery of the first of four modified DC-4

firm,

years

Farr

Corp.

Co., Lewiston, Me.—Files

standing.

This addition to Santa Fe's Diesel
fleet brings to 388 General
Motors
units in Santa Fe
passenger, freight and terminal

-

■.

the

/.connection 'with

locomotive
^service*

t

as

Lincoln

elected

has

/6,15^,972

Corp.,

'•/;■'

rat

31

par)

Boyce,

Announcement

..

Chief and other .high-speed
^passfenger.trains.'
"

.

of

devote

tion

30 when Fred G.
Gurley, President of the Santa
Railway, stated that six "of these locomotives had;
been deliv?red
£o the .railway .and added to the
railway's .power

•

($10

Coughlin

Treasurer,

F»3, the wide range' Diesel locomo-

□Fe

idrawn

J.

LeRoy

Atchison Topeka & Santa Fe
Ry.—Adds to Power Pool
'The first, application, of the new-

V

several

Otis,

Steel

3139.

-

$19,949,477 $21,814,992 $16,187,931
$11,651,909

■*—V. 163t P. 306.

law

Duluth, Minn., and other
important
devote his full time to the
Barium Steel

Dec.

on

elected

business

will

$2,780,556
3,750,000
1,725,000
336,619;
56,177
.1,665
■•- 1,604
969,100
971,600
964,000
964,000

1,905
4,000,000
964,000
5,856,479 "

3,983,100
965,352

the

Coughlin, formerly Vice-President

officer

62,699

,

$4,675,717

'1,115,000

1,098

-

—;

of

Owen,

Barium

the

last

the company to be
offered
over-the-counter market

Prevost

Leo

.was

$4,877,608
5,000.000

the

of

on

as'President
'Mr.

$19,949,477 $21,814,992 $16,187,931 $11,651,909
$3,453,721

the

,of

"

LIABILITIES^- > iV
Current-liabilities

Willkie,

with

'

has.been
-

/V

sold

C.

$381,940
1,467,426

7,637,296
.231,679

Irici,
p.

•New,York, acting

1943

2,974,746
4,840,717

1,703,507

for

Manufacturing

Paid—

$1,351,326

j 7,604,780
*
172*653

Property acct.—net
peferred charges

Steel

of

with

acquisition

will

now

firm

while

4.X Bay way Terminal Corp.-Changes in Personnel—Bank
Loans

;;

J1944

$4,664,121
3,102,449

2,049,308
5,749,045

'

—

other

He

500 shares

"be

$733,866

taxes,, paid

1945

$2,670,186

receivable

Works,

law

associated

Banser,

in ;the

The company

-

for

in
previous
yy'

1946

mktble.

.Accounts

the

Mr.

; SEC—

CONSOLIDATED BALANCE SHEET, SEPT.
30

i'

Iron

Bates

!

818,000

.

of

become

'interests.—V. 164,

$1,914,065
;i v 362,219

817,544

tCr85,000

excess of current taxes.

(•

Clyde

President

,1

recoveries

Banser

has

Counsel.

legal ,affairs 'of. Barium

83,994

:

r.

Net

C.

Gallagher
General

$1,830,091

.65,027

.

-

'

John

...

1,141,143

-

$3,263,491'; $2,505,436

,

162,142

.-

::V- Total
Other deductions
Income taxes (est.)

*

-1943

rthe corporation

1,974,319

and

income

■

Barium Steel Corp.—New
General Counsel—

i

sidiaries.

Operating profit
Interest, dividends

i

1944

'

■

V

<

Subs.)—Earnings—

$20,401,438 $34,812,830 $18,736,838 $17,057,808
14,356,385
27,604,411
13,356,673
12,573,469
2,104,304
1,970,609
1,582,974
1,513,105

sold

Sell., artm. & gen.
Deplet., depreclat.
7

203
(&

r-..1945

'Net sale
Cost

THE COMMERCIAL &
FINANCIAL CHRONICLE

t

subscriptions find advertisements
must be made in New York funds

$42.00

;

:•

\

per

year

.>)/

THE/COMMERCIAL & ^FINANCIAL" CHRONICLE
Burlington-Rock Island
'y/.

». •

V1945

1946

;•

November—

i

1944
1943
$250,877 >,$171,766
j 38,271
69,073
78,097
' 58,080
j .Net ry. oper. income.. /
"4,022
18,130
28,212 . v 42,321
I us:From January 1—'V*
;
..
'
Gross irom railway—/
2,924,870
2,975,795/ 2,784,842 - 2,5,17,585
Net from railway
;
608,321
1,009,029
1,037,858
932,922
.Net ry. oper. income--, - ' ' 32,021
448,633 V
547.205
560,952
^November-*-

i

Net

?4Cambria &' Indiana

»■.

:i>Deficit.—V.
^

1943
$112,012-'s
.21,60951,257
/,/ 57,851
61,596
££„
. Yl.
1,418,063
1,676,437' {1,674,774 ;
490,499
689,868 1 ' 502,511
1 540,235
601,464 "' '538,708
' //'>''/;Y;^''' 'v!> -'5

::>;■■ 639,141

'2954;'

164, p.

;

.

'/'■

V

17.-4946, show

compared with 78 cents for last. year.' Net sales
Increased to $37,587,143 from $32,479,067 a year ago.
Taxes on iniicome were down to $1,603,991 as compared with $1,972,692 last year.
Operations of the company were handicapped by dislocations growing
-.out of the war, R. W. Moore, President, indicated in his annual letter
to stockholders.
He said, however, that increased operating expenses,
the; reduction ih sugar allotments and the lowered imports of Scotch
Whisky had been ofiset by increased sales of Canada Dry Water and
greater volume in the wine and spirit divisions.- ;„y,.*/vr4>vi." Y
this

made

V. 165,

Net - sales

Canada Dry International, Inc.,

Net

.

and

income
excess

gen.

74,790 '

deductions)—----

income

122-2

Henri,

vertising

■

-share)-—representing

a

of
-proceeds

excess

CC amount of such preference over-net

'

50,429

shares_„:

.

1

>

I '"

>

—■: '-•
-

——

i

surplus

held—

-

portion

of

new

'

/...1946

.-II,"' S. Govt, post-war tax

-

Securities

wholly

s

.

receivable

U.

and

tax

___u

advances

Dominion

and

of

credits

:

i

expenses

deferred

and

Total

/■
'

—

£

charges

Earnings per

-

8.

payable

and

foreign

—

•

QC'Z
f.
'

Total

fcRepresented by

Canadian National Lines in New
f

November—
Gross

from

Net frpm
Net ry.

Net

oper.

from

railway

from

Net; r*

oner

„

^nenme...

'i-r*Deficit.—V„

*126,153 4
-

"1,155,377

;

„

2,093,900
"170,572
V *835,498

v

'



kwptw;—

1,701,700
<*420,669
"1.022,763

V :' «•*'

164, p. 2827.'-

^

$154,700
"19,474
"74,328

*

11-

„

;
>

t

.

*■ » f.

*

'•

*

,.

.

789,237 r :' 333,551

93,692
'404,359
$2.62

,

357,080

.

$1.01

;

to

officers and

:

employees

//
/

—

,*

132,755 '
32,266

RESULTS FOR MONTH AND FIRST 11 MONTHS

From January 1—:

ry.

oper.

preferred stock (par $100).
—
preferred stock (par $100)——--—
tCommon stock (par $5)

Capital

surplus

Earned

surplus

25,994,406
6,423,757

6,068,370

7,674,372

385,787

3,377,129

3,302,301

- 4,600)408

U.

S.

; .
—~—

V.

164,

p.

1205.-

Total

..

>.

i—1

3,758,292

474,979

>

——w——

Lines under yhich the) lines*

Transit Authority for $75,900,000.

■':! '/■///'

" /

..

A:

Interest in BPIC—-

Chilton Co.—Sells

.

■Y

McGraw-Hill Publishing Co.

See

,i;.

■
_

'-

on

Equipment Issue—

3,720,625

473,845

2,680,833

Y

'

^

'.A:.

V

.

York up to

C. L T. Financial
D.

M.

S.

Investment

Hegarty
Trust

and Sons,

Corp.—New Official of Unit— Y Y
been elected Vice President of Commercial
has resigned as Vice- President of E. H.

has

Inc.;

He

Inc.—V. 164, p, 2540.

■Y'-'.
'. ..YY-''
■' '■ 'Y^'
Ulun>inating Co.—Stock to Be Of¬
fered,by Parent— YV'.'Y'
//■;.'
■'

Zr/w/i.

Cleveland Electric

i

6,937

.1,354,900

^

received at company's office, room 2018, 70 Pine St;,
3 p.m. EST Jan. 23 for the sale of $1,700,000 equip¬
ment trust certificates Series K. Dated Feb. 15. 1947 certificates will
mature in 10 equal annual installments 1948-1957. Dividend rate is to
be specified in the bids.—V. 165, p. 70. .;// '%* ./>/:/;•::/
& :.."/>*.//-'Z
;"/'//■ :>//•-;:v': - ■///>'. -.vvV*-•/!/■

-

590,000

'/ lA

,

will be

Bids

New

"

below.—V. 164, p. 2828..■

h-w-'i' "

Cincinnati New Orleans & Texas Pacific Ry*-—SeeKa

Bids

558,102

;

UpJfeidjr-

Appeals at Chicago has UDheld a plan

of the Chicago Surface

reorganization plan, previously approved by Federal Judge
challenged by minority stockholders, who appealed
Judge Igoe's decision.
'
.
U The stockholders' appeal was made on the grounds that the 'rieor*
ganization plan was unfair and inequitable and not authorized under
provisions of the Federal Bankruptcy Act.
They also contended th®
plan
was
unfair because the property was Insufficiently valued.

v.;
■
: 41,050

1,750,000 ;
13,105
" 4,000,000

'

.

Lines—Reorganization Plan

Court of

Circuit

The

19,002

, • -

—w——

VII-J.!

Michael L. Igce, was

22,418

-

856,347

x——-—3,397,785

25,027,818

24,920,515
2,957,916

property is to be sold to the Chicago
/-

-,2,063,342

1,145,000

—

371,033

410,309 /

—

reorganization

Rollins

1

697,464

income—

Chicago Surface
The
of

1/

»

$250,000 / $300,000
——...1,318,174 ; 935,457

1947—

•,

P

$2,314,237

678,334

396,257

573,524 / "184,680

.

1943

24,940,381

railway

from

Net

•

1944

•Y

$2,236,282

>;V-

railway.—

from

Gross

,

income

1945 '■/
$2,490,284

v'/S''//.-1946
$2,526,556
574,197

.

from railway
from railway.:.—.

Net ry. oper. Income. —

102,900
20,129

payable—banks, due within one year—'

payable—banks, due after Oct. 31,

fi> A

..yf?v;f

%

"

$16,963,681 $10,620,699
/
"After reserves for depreciation and amortization, of $2,326,499 in
7 3946 and $2,426,651 in 1945. / tRepresent.ed. by 450,995 shares in 1946
tend
,
n:.;'V 9iJ-' 446,475 shares in 1945.—V. 363, p. 1723. -<_>■•'•• ;•<
i-i,
2 ffi
A 'V'i'-L «;■/''*.
*,*.«

V. '

was

tificates, ,They were; Salomon Bros. & JHutzler^ 10q,381 for 2y8Si;Harr!s,
& Co.' (lnc.3
100.21 for" 2,/es} and First National Bank of St.

$16,963,681 $10,620,699
' ;

.

Hall

1945

35,678

T—.—■

—-—1——

914,1|4

issued under an agreement to be dated

to be

Haul/

'«*.

'

SHEET, OCT. 31/7
•'.•■■ ' 1946
;

5%

1,598,000
"594,508
*1,199,383

2,416,696

848,592

will be issued to provide for not exceeding 75%
equipment, estimated to cost at least $1,387,400. ',
awarded on a bid of 100.5673. Bidding for the cer¬
tificates on a 1- to 10-year basis, the same firm offered 100.409 for
a 2,/a%
coupon..Three other bids were received for 1- to 10-year cer¬

Net

.;

jV;

4%

1943 /
$154,500
-"81,709
*138,928
; "

~

------

LIABILITIES—

Notes

;

:

2,570,025
892,382

and

Unearned

1944

-

1,931,500
"519,000

railway

,

England—Earnings—

1945
$140,100
"72,894

1946
$175,000
<"73,404
"128,368

railway

railway..—-

Income...
From January !—' ' ;

Gross

;

shares.—V. 164, p. 951.

par

no

1,908,598

84,655-

of new

issue

November-—-

293,354

-v

/'l

share

payable
—
Accrued payroll, bonuses, state and local taxes,
royalties, etc. ■
—
Prov. for Federal and Dominion income taxes—

$29,537,540 $26,361,962

2.——

—2—_L

common

Accounts

-

.

"

1,232,011
617,492 1

are

Gross

' $1,307,284 7- $520,869
..
33,872
, 67,745

stock—-r-——/—

Total

Notes

5,791,236

certificates

the cost

of

/;/The

'

■'•

6,449,582.

as
of Feb. 1, 1947 which will provide for the issuance of $1,020,009
par value of certificates to be secured by new standard-gauge railroad
equipment, estimated to cost at least $1,397,400.
Issuance and sale of these certificates are subject to authorization by
the Interstate Commerce Commission.

,

/

6,147,419

-206,214
,

2828.

164, p.

certificates

These

The

245,155 >7 87,624

—...

preferred

amortization

.<

.

5,543,336

railway,

rallWay......
income...

from

2,637,990

346,647

Investment In majority . owned unconsolidated
Engjish subsidiary, at cost—...——
54,418
Postwar refund of excess profits tax^
11,593
"Property, plant and equipment.ri.
^
• 2,810,201
Buildings under construction and equipment in/i //://;/ process of installation
....
r/: 677,112
Patents and patent applications,
at cost less
:</• - ••.••

-

78,388

.

?
„

•/•i.FrOni''J&ndary-

on

Advances

——-

71,493

V

238,097

3,514,867
-

taxes.——...

Deferred charges

,

taxes on income

*22,96?

,

$565,308

*8,479 ;:v

,

United States and
Notes

$563,581
'r.241,356

••

•,

$1,020,000 of 2%% equipment trust certificates
(Philadelphia Plan) to mature $68,000 annually on each
1,1948 to 1962, inclusive. They were priced to yield
1.10% to 2.50%, according to maturity,

•

'V'"

.

$520,898

132,317

railway

from

/•'•

Feb.

.

298,919

.-.i——-«r/;■/;->
-7 -'i 1

—

ASSETS— '

Cash

I

$1,517,522
$907,569
338,254
204,871
1,573,691
1,934,975
Other taxes
/
399,421/ 390,692
Salaries, wages, commissions, etc.—
—
- Z 161,001
V 188,565
Notes payable to bank, due Aug. 31,
1950
550,000 .5 200,000
Liability to customers for deposits on returnable
•
:
containers ■;
——!
2,722,383
2,402,095
"$4.25
preferred stock—
:
5,007,700
5,042,900
Common
stock
3,171,685
3,075,785
Capital (paid-in) surplus—
2,295,224
1,482,450
Earned surplus
11,815,191 10,687,282
Common stock in treasury (11,000 shs.), at cost
Drl4,530 J5rl55,223
U.

etc.—~—

payable—trade,

Accounts

/

r/./v'Y' J'

1943

Chicago, St. Paul, Minneapolis & Omaha Ry^—Equip*
Offered—Halsey, Stuart & Co. Inc. on Jan.

$5,904,270 ' $3,685,291

///'/■

3,543,196

9 offered

hand and demand deposits-———-/ $3,644,834
$926,977
Canadian Govt, obligations—
79,721
676,244
accounts receivable (less reserve)—
. 3,207,640 v 2,289,016
Inventories, at the lower of average cost or marketJ 6,277,464
*-4,459,622

84,234

10,439,836
1
595,977

LIABILTIES—

Dividends

—-

10,718,953

ment Trusts

1946

>'

CONSOLIDATED BALANCE

123,503

i>i

•

:

income

Nefiincome

•

714,466

t

27,812,134

1944

1945

1046
$422,213
■

Net? jfronji ^ilwajpu*
Net jy. oper. income

/:

•'-"

-

7,239,468

2955.

•Deficit.—V.

Central

#:

Dividends on 4%' preferred stock—
Dividends on common stock—

$29,537,540 $26,361,962

——

—

>

Li

f

2

'J"

••

100,500
13,954,770
■
1

-

i

>

,: ;S 126,053
^ *•; -

less reserves

Goodwill,

Prepaid

•

post-war

Canada

property, plant and equip.j
trademarks, etc..——

Total

Gross

Net

Subs.)—Earnings, etc.—
Cherry-Burrell Corp. of Canada,; Ltd.J

Oct. 31—

Dividends on 5%
■

not

controlled but

to

.

Exfte^..profits, taxes..;—r-4-'

.

2,396,687

income.

November-—

Income.i.———$6,203,190~ $3,923,388

Normal

^

^3,457,615
692,292

railway

oper.

Gross1 from!

& taxes

shipping and administrative expenses— deductions—interest, sales discounts, etc. v
Prov. foi? Federal and- Canadian; income taxes:

67,100

64,200

>

—•

subs.

owned

Govt,

S.

from

''

District
market

,

Other

368,569

>

and

notes

stock),

and

(mortgages

in

Invest,

...330,275

7nb°me'

Total

252,224
27,814,826
8,435,910
2,885,969

;

914,386
334,859

Chicago & Illinois Midland Ry^—Earnings—

Sub.)—Earnings—

Selling,

990,991
2,500,000

returnable by

(pst.)

accounts

V

1945 W$3,962,884

-

■.

receivable

accounts

Deposits receivable on containers

.

companies.—V. 165, p. 69.

charges

'"."'"'Vft

(net) J—

Inventories

customers

Other

t-9,001-263,797
2,227,177
1,668,931
——• -.5,797,750
5,106,681
—..—
241,363 / ; 189,458

refund.:.-

drafts .-and accounts receivable

from

Net

'/ 2

.^ojtepLTOATEP FA^AN<?EfrB®CEE^/rSEPT< 30 2

*.

,

profit

Gross

234,518
27,089,671

Income. W '.

oper.

ry.

/

'"7 1945 y;
Net sales
i.:.——
$22,877,090 $17,818,985
Cost of sales—/16,972,829
14,133,693 /

"•

485,327

railway.. .J / 24,690,807

v,

.// y

ahead? with exchanges of preferred stock of

going

Llnqluding

'

<, v

—

1943

$2,770,866

$2,491,885
$2,556,806
615,434 /
782,094

for an extensive

Cherry-Burrell Corp» (&
.£

railway

$2,577,434
"
701,909

—

;

:

••

railway-

January 1—

Net

12 Wks.
28 Wks.
*$1,190,713 $2,682,247 |/fEarned per /share on' 1,102,000 common shs. /
$0.99
- /82.227
"After provision of $1,127,402 for Federal and State income taxes.
In
arriving
at net income for the current, quarter, deductions of
$4,78,000 were made for anticipated extraordinary losses and /fo?
past,-service payments under ^e company's retirement in'come plan;

*•

ASSETS—

>

from
ry.

Net

Public Service for new common
company.
It will open bids on Jan. 27 for sale of a/7
common to provide funds to redeem unchanged pre¬

after

income

Net

- -

—

<3ash on hand .and on deposit—
$4,271,985
Dominion,-^of Canada 3% Victory bonds—;
1,200,000
tJ. S. Treasury notes, tax series C-r-at cost—^ ; u 500,000

Sundry

Net

-•

Champion Paper & Fibre Co. (&
Period Ended Nqv. 10,1946
x

/

$11,815,191 $10,687,282
"$1.07 '■'** $0.78
stock after giving effect to 3 for 1

common.share_^,_-^

from

Net

West and American

ferred stocks of the two

^

|4ptes,

York,

plants.—V.'164, ■ >p,^ V 1865, p. \ fs'
.
,
r
«
s"1 1 J
'K
*

s

..

common. ~

South
merged

the

of

li06,966

Mfclitup in July 1946.

«x

Chicago Great Western Ry.—Earnings—
':/l§46'*:^v ; 1945 '■ ■/• ■
1944
'

Net ry. oper.

company is

Central

.605,107

,

2,430,528 > 1,093,729

1,319,371

2,278,338

income—

oper.

from

November—4

..

South West

&

£7- The

145,844

747,864

'■

railway———

—V. 164, p.

:<7in the market since the plan was approved by the SEC and the
Court.
It argued that consummation on the basis of current
conditions would result in unfair treatment of public holders of

i

-

b"On present outstanding common

£

x""'~

A

7 ■/"/.-//Wri/

—

; ...■ v', i'.;;

.

RRiY-^arningsY- ■" rf/

Quincy

railway—.. 180,254,535 226,084,087 220,591,627 198,420,239
Net from railway..—
55,414,319
90,778,364 v 87,181,138: 91,207,112
Net ry. oper. income
25,609,543 27,402,167 24,955,681 36,171,403
—V. 164, p, 3283.
/•
L-. *. ■
\

V Centralt& South West Utilities Co.-—Merger Plan Up¬

203,560

^

213,954

dividends

,

ry.

Gross

products including Acoustic-Celowith new products the company

acquisition- Of existing

properties arid by

1
25,675
;)r ♦"

;

■ •:

"P:v-v

From January 1—Gross

market during the coming-year.
was further announced, is expanding its man-!./
extensively, both through additions to its present

~

-

dividends

per

Net

it

corporation

Years Ended

Earned

from

the

to

introduce

The

ufacturing facilities

■

—X
V* -

\

■..<//;/
1946
1945' ■ /
1944 t
- 1943
railway—.. $16,246,812 $17,002,042 $21,130,865 $19,604,556
4,817,567
4,835,659
9,037,921
8,647,186

from

Net

Gross

stated

advertising campaign on all Celotex
and Insulation Board, to gether

;

;

companies
'Afnount required to state preferred stock on the-^-®'
-—basis of its preference in involuntary liquida-

Balance

\

,

effective Jan. 1, 1947.
that plans are in preparation

agency,

tex

167.389 ;,

i.

1,600 50-ton all-steel box cars, 1 000
and 600 for the Nickel Plate.—V. 165.

November-.'

'

Gross

r*

Bank & Trust Co., 165 Broadway, New
surrender of temporary certificates^
.

Collins

Mr.

•

^

166,289

of predecessor

assets

tCpmmon

.

W. Collin?, Vice- President, has announced the appointment
Hurst & McDonald, Inc. of Chicago as the company's ad¬

.Henry
of

$2,256,015 : $1,559,417
10,687,282'' 1Q,215,018

—-

»

of

/>-' '

'

Co.—Listing—

Advertising Agency Appointed—

will

adjustment-—\Crl61,175(

Adjustments of reserve for valuation of cases to •;■;
amt. equal to 25% of. ledger value, of cases-i t./;Excess of cost of acquisition ever-recorded Val.

sale

,

are

& O.,

C.

Chicago Burlington &

From

22—-_—.2—-v———$12,943,297 $11,774,433^

surplus

Preferred

'/*

s

3%%

15-year

Y.r/upon

.

income■_ ji_'
beginning, of year—v..

f-'Cation.t' ($100

'*

f

inquiry
the

;/V /

available at the Chemical

N.

——
$3,698,831 $3,532,109
_J—i-ii-.V: 1,066,000 !. 672,000
tax_j„_——277,000'- -.1,021,000
excess profits taxes;
260,991 ■■! 279,692

Balance at

from

"

the
for

t

cumulative preferred stocks.—

4^4%

,

■-■

in

are

.

Corp.—Definitive Debentures Ready—
debentures," due -Aug! 1, I960; ire now

(The) Celotex

taxes.--—,-i.—

Foreign income and

net

/

which

New-.york;,N,-' Y.,i.has been appointe^

rffit

Definitive

.

profits

foreign exchange

Total

'V-,> •>',

.4

,

" "/

'

Rail Equipment—

'

the company's

__1—

income

^

\

•.1

Included
of

"

income__2_^____l.__r_-v_-__r__^ $3,624,040 $3,364,719
(less

Federal

-I

-

.

716,916

'

•

bearings

roller

c. & o..-

$7,624,000 $7,637,000 '
•'. ./" 7;
,

-

introduction

an

of

-

credits

Federal

f-f.ket

<

r

:

V"Judge Paul/Leahy in tJ7S. District Court at Wilmington, Del.,"has
denied the motion filed by the common stockholders' protective com¬
$37,587,143 $32,479,067 ;; mittee of this company' to restrain the merger of American & Public
Service Co. into Central & South West and to remit the case to the
19,776,586 15,888,975
Securities and Exchange Commission for further proceedings.
and^dm. ,exps. 14,186,516 13,225,372
The committee had contended that unfavorable changes had occurred

sold

sell., distrib.

operating

Net

1

\-y£

»'

684,833

301,020

,

!

into railroading of the first large-scale utiliza¬
in freight-car operations, this company, in a
joint inquiry with the Nickel Plate Road, on Dec. 27 invited bids on
2,600 new all-steel units of freight car equipment, of which 1,000 70-ton
hopper cars are to be equipped with roller bearings for use on • the

Beginning Jan. 2, 1947, transactions in the common stock, par value
$1, of Consolidated Biscuit Co., were recorded under the new name,;/;
."Carr-Consblidated Biscuit Co.''; pursuant to an agreement and plan of
merger between Consolidated Biscuit Co.: and J. B. Carr, Biscuit Co.,
> which became effective on Dec. 31, 1946.-^y. 165, p* 69.
•

.-'i:'-''•> W*V??

i

s.

goods

Income

j

Bids Sought on
tion

•>>. 1945 H; •'

/1946

;/■;>//■

"80,499

2955.

certificates.

As

'

-

Earnings—

y<.;

Y: Carr-Consolidated Biscuit

During the year the alcoholic beverage".division expanded thrbugh
^hup acquisition of three imported lines. , Exshaw Cognacs from France
£re .being, brought into, the country for the first time; and shipments
'of, Passport Rum from Puerto Rico are now being received. An exclusive y
agency for the distribution of Hunt's Port Wines,
announced earlier
liji/the year,/is also-active. ;
.>;;•>>:■'? v >
>>j CONSOLIDATED INCOME ACCOUNT, YEARS ENDED SEPT. .30
1946
1945'' lif
of

68.

p.
-

■«,

Advert'.,

* •'

"

'

jn 18 countries through

*901,825

'

■1,502,700

company is dhvitirig bids for the sale of $2,300,000 equipment
/ Bids will-be received at company'^ office, 3400
Tower,. Cleveland; Ohio on or before noon (EST). Jah. 23.
The certificates are
to mature' Feb; 15,' 1948 to
1957,
This/issue
will
finance part of the purchase price of new equipment estimated
to cost $2,950,220.,
; .;/■" ./;
*■■.;■../f
>

*486,265

*958,075

Co./Inc.—Registrar—*

The M^oufacthrers Trust Co.,
registrar for/the common and

some

-wholly-owned subsidiary,

"497,598

Z

,

Lr—

,

new

seven

beverages

'612,937. '

*130,035

164/p.

"••• 3,959,589

Terminal

1,223,021

•

income.l.

oper.

4,211,391

.'1,475,115

3,743,552/

<

79,545

■"■/,

\

The

trust

*100,504

*76,339

-

/y-v'

$339/933
118,880

Chesapeake & Ohio Ry.-—3eeks Bids, on Equipmeuts-r

Y;

//*61,746

<1,392,597

-

-

•

V

^

Carman &

company-owned bottling plants for car¬
headway,,;Mr. Moore reported, ,and
■several, although incomplete, are; serving as warehouses, and distribu¬
tion centers.
A new plant was completed in Havana and a second
plant purchased at "Santiago. Cuba.
* ,
.^Pending the anticipated raisihg of sugar quotas, plans have been
/jDormulated for the large-scale promotions of sweet drinks in individual
*feiae bottles, and. a training program for the expansion of the manStaff
''' V' ' ' ' ' "'
*•-'•
- •:,-v* •'.>
• ft *•'r- •/*'■ **"j«- s 'yl,
if-' At the close -of the-fiscal year, Mr., Moore said, there were 118
H6ensed
bottlers
in
operation,
with conditional license agreements
operating in 96 additional markets and others are currently under
consideration. In addition, licensees are making and selling soft drinks
of

Construction

Cost

.<

••

-

1,266,843

;

165, p. 68.

year,

-

bonated

"64,933
*112,104

End. Dec. 31—<>./.'

,<k

outstanding after the, three-for-ohe
a net income of $1.07 per common

of .shares 1 currently

number

the

-stock split of July
:.Share

—v.

ry.

"Deficit.—V.

1943.

1945
,■•'?■/■ 1944 1
$290,222 " $355,827,
19,572 / /." 104,253 '••
;
5,168
46,281

railway-.^163,724 ; ./, 720,339

from

Net

1943

...

*

2954.

p.

Earnings

Traffic

toCompany and its

Net

$107,199

f $126,092
/
*29,290

$96,902

-•

Canadian Pacific Ry.—Traffic
10 Days

•
;
•
.
' v. -' •
r"£'V
Y
subsidiaries report a net income of $2,042,061 after
preferred stock dividend requirements, equivalent to $3.21 per common
.share for the fiscal year ended Sept. 30, 1946.
This compares with
* $1,413,573
alter preferred stock dividend requirements, equivalent to
$2.34 pr common share last year.
Adjusted figures on the basis of „

port—

.

"Deficit.—V. 164,

v

Ale, Inc. (& Subs.)—Annual Re¬

Canada Dry Ginger

,

;.

railway—Uh ' $146,274''
Net from, railway.-^
/ .»- "45,278
Net ry. oper; income.j.. '. V- "98,869
From January i^;,//;;;?,Kr:/.;^
,v),
Gross from railway—i...1,566,601 •
Net from railway
*667,484
Net ry. oper. income.../
>229,419 /

J

from

•

5,907,833
2,607,317
2,034,156

p. 2954.i

from,

Gross

_

railway^:':—-Z.//V. 284,551.4

from

Net

kNet ry; oper. income

Y/i "Deficit.—V. 164,

/

from.sraiiway_^.lfi, $304,736
railway.—X 29,127
Net ry. oper.. income...
" . 10,684
./•
From January 1-^ > ;v v;/^
Gross from railway—__ $; 3,407,831
Net

129,639

*125,449

,

,1945 /" 1944i;^ •
$135,842 (; $142,299;^,
' a 47,941'
"56,304
i

-49,836
*' - « '
1
1,251,479

income:
ju/Erom January.I— < ; :•/
Gross from ■ra.lway._.: v
Net ry. oper.

.

1946

,

/Grbss

$518,228

k 182,771

V1 v ' , '
/ „ ' , ,//
/ Y Canadian
RR.—Earnings—P.11$%/5'Y>.'| ??<■>.*YNovember—^ /Pacific Lilies; in Veymdni^Earnings]>194#
%%> 1945 ■; i/fe:^1944 Y

1946
Gross from railway___V-,;A? $85,972
Net from - railway
"1,444
;'

''/*«*

.November—

.

< -

92,609
v, 245,713
5,324
71,576
'"/r;..'/://
,4,416,443
Oross, from railway—— '.,4,416,443 •:
6,132,918 s •5,554,267
2,051,152
,679,554
Net from railway
679,554
2,175,588
.,,*280,843
Net ry. oper. income..* i,.,*280,843
<-1,056,312 '• 1,095,432
income...

oper.

NQvember—

From January 1—

.

-•

ry.

1943

1945
.'V
1944 .
$441,189 Z'/!,$537,529 v

y

Net

.

| '^Deficit.—"V. 164,tp/'?954.

1946

"

;

from railway„._*«, 'v $330,728
from railway*53,070

Gross

,,$236,603 V $257,450

Gross from railway—,
Net from railway.—J—

iikivi

Western Carolina Ry.-^Earnings

Charleston &

Lines in Maine—Earnings—

V. Canadian Pacific

;Y i v <

RR,—Earnings— 1; 1"

Monday/January 13,1947

f; See

North American Co.

below.—V. 164, p, 2541.

Clinchfield RR.—Earnings—
-

November—
Gross

from

•

railway

•

Net irom srail^'ay
Net ry. oper. income...-

From'January 1—
Gross

from

Net

from

Net

ry.

—v.

railway——

raUway

oper.

income:.^

164, p. 2955.:

:.y

'.s;

:

:

1945 / ■
1944
'
1943
$928,985 $1,146,411
$954,934
.474.748
356,076
588,746 - 429,301
435,584
289,513
. 468,006
* 318,004
••'. '>
" *
•••'
" • .. ^
■
12,130,513 12,200,607 13,086,088 11,617,782
4,977,453 - 5,616,401 ; 6,875,749
5,973,4" '
'
'A, 117,262
4,590,731
5,638,535
4,740,^t
Y 'V//Y'vY./Y" r/'-V-'-." ,Y' '
■ ; Y
:
1946
$1,133,699

*

,

■

olume 165 /0 N umber;
4559
Collins

& Aikman

!THE

Corp,,-{'& Subs.)—Earnings—

,9 Months Ended Dec/1-*- %
Total income-™'Depreciation

v;

1946

income taxes.//'./..

-Net'"

profit.™.?.

1945

Earned

per

share™

*Includes $511,115 profit

.

oh

$2,210,133
$3.71

plant.—V; 164, p, 2688.

a

ended Dec.

30, 1946 amounted to
barrels

'<■*

*

<

■

-

:;

-

:'

»

'

164,

\

-

Net

-

'.t

-

-

-

sales

income after all
charges
Number of capital shares
Earned per share——/«,.//'.

t

The

-

company

reports

tentative consolidated
to

$3.40

share.

a

three

months

ended

income of $1,289,000 after
compares with $784,737 or

to

'328,609

all

!

oh

cash

Jan, 2 issued
contribution of

an

order

.

permitting the corporation

$500,000 to Atlantic
contribution
by Seaboard

subsidiary

Seaboard

and
a
like
Virginia Gas Transmission

United

Fuel Gas

Co.

of

Commdnwealth Edison
;7v

Electricity output of

excluding
showed

sales

a

to

12.4%

increase

utilities,
the

over

(a

"Week EndCd—
4

*

,

of

/

14

165,

70,

Jan.

•

&

of 5

cents

share

per

per
on

share

the

$1

and

the

usual

value

par

;

income

a

animajs

the

in

and

the

V. 165, p. 70.

expired

to

31,

of

10

j

in

1946

at

U.

$23,900,000,000,

1946

of

received.

The

cash

11%.

is-estimated at

The

of

$6,400,000,000,

'

sales

'

'

operating

INCOME
"

^

revenues.^

*46

33,054,636

Operating- profit
Interest
Other

"of

Australia- has cohtracted

300-mile-an-hour twin-engine
transport airplanes
for
approximately $1,500^000,. A. W. Coles-and

«nd. General

to

from

of

7,921,285

profits taxes

9,300,000

4,690,000

*

;
outstand-

6,720,585

2,505,097"

—

£

ASSETS—
less

Peliveries

•Plant

728,990
/•;?'$12.19

467,489

Augds^v,

' •

at

cost

.

;

for

and

Total.

basis)

SHEET

12,809,360

i

™?

21,685,467

—

charges

(incl.

debt

t

.

Drug Co.*—December "Sales

'

Pferiod Enid. Dec.

^

31--fC; 1946—Month—1945 H

®a]res

™--/$1,580,690

■j-V. 164, p, 3141,

,,

.

.

Increased

'

947,612

-

taxes

to

banks

and

others,

"

Notes

April 1
.

on

and

the

July

5%

1

to

respectively.**-^; 164,

cumulative

for-

to

holders
p.

:.'V'1-: ■. ?V

1591.

of
-

record

March

19

and

June

i'/'

'

./

•:

;'//• 'h

'

"

1947,

V-v v''ri,;

Cudahy Packing Co.
Annual Report—E. A.
Cudahy
Chairman of the- Board States in
part*-?

•

10,000,000

Increase
sales

REVENUES—Sales for the year
or
1
Vz%?compared to

$4,992,000

tonnage decreased

The
■

AND

of

year

extreme

1946

was

12%; '
abnormal

fluctuations in
periods of OPA

were

$349,901,000;'an

'previous

year.

Total
"*

in

many

volume

of

control

respects.

We

experienced

$7,482,661

6,420,527

5,670,253
$2,071,108

$2,115,840

'64,127 s?,jt 73,203

$2,353,056
—

$2,146,657

10,979

12,101

i 785,000

11,938

290,000
1,227,000

283,000
1,424,500

v

360,000 i
'

;Ml* -

-- -

*

-

Crl42;4bO

.stocksJ-!
stock™,wv-.

common

'

-

8,100

share™-^--

!

$569,668
11,148

5,078

381,596

;>

ti,

.$6.27

V-

238,385;

,

238,047

;

$3.18

;/>

market
in

(after

capital

deducting

stock

of

reserve

$2.92

(first-in,
first-out
$175,000),; $3,623,045;

of,

subsidiaries

npt

on

contribution

other

Jhan

accrued

to

taxes

employees'
income,

on

;

rent,

$93,638; Federal
contract
(payable In

income-(estimated),
of

,Fs
,

.

■

r'f *'•

-

'

Earnings

■.

t

-

v

-

\

*

«

•

Nate

S.

Shapero,

President;

on

Nov.

-

29

'

"•'!•«

t

,

stated

in~

'/Net

* *

.

■■

*

■

■1

-

3

*»oh

f

pafi

'

•

?

following

The

Schettler Drug

."/Unconsolidated

•*—V,.,164,

ir

i

common

stock

•

*

;

.

..

„

.

•

(&

Subs.)—Earnings—

(&

;

$0,197,913

Nil

1944
T
1943 ? 1
$9;637,079 ■ $5,132,255

j

184,669
514,134

-

-

$0.36

;

fLoss.—V.

226,097
514,134
$0.44

p. 680.-

274,180

-

514,134

$0,53

i64, pJ 3412. '

""

Subs.)—Earnings—.

/

the

•"■•-555;®®®"''
..ay;-n

<■,

•>

SOftOOO;;
(•

-

•:

,Jl )■''tXJ''[

-

■

v' >' k,

,

v

»

*

■

"

-

*4 ?•'- '54c

•»11

•

$2:20
"**" '"r'

-"

' ,\'

,

,.$660,809

.

/.«»J. l\ '?■&

'of

•

common

notes

improvements
the company's
plant.
Proceeds-from; the sale of--thfe-serial
notos,
together with treasury
funds, will be used to pay a short-term
note in
•the amount-of
$25,000 to First National Bank of Boston''tthd
to finance
extensions, additions and improvements-to the
company's3
properties during

■•

'/

the

plant
1948.*-V.

three*year period ending Dec. 31,

?P?J868.

.

Deep Weils, Inc., Tulsa, Okla.—Files with
The

;

for

cdmpany

240

shares

on

filed 'a Ietter

Jan."2

($100

par)

stock

to

be

of

tools and for payroll.

*

.*

•

*

i^ECJ-rr.

nbtification

offered

writing. Proceeds will be used for
purchase

of
<

at

par

with

the

without

SEC

under¬

machinery, equipment,
?

i«"

N

Deiiyer

& Rib Grande Western RR.<
-Earnings,
/November-—.
1946
; 1945,
/ ■ 1944,
///•1943-*'
Gross/from railway?™.
$4,053,193
$5,447,313
$6,054,377
$5,620,493

,

-*

Net

from

-

railway_.^__,

*191,994
•633,310

1,121.235

47,015,377
6,645,013
2,757,950

-

ry. oper. income_„
From January 1—
/
Gross from
railwayi___'

?

?

Net

from

Net

,

ry.

railwayut™.

-

income.—

oper.

•Deficit.—V. 164, p. 2956,

*

.

ahd
16^4,-

.

u

28,388

and 'soil

issue

shares

Insurance\C(>.:-v/I'?."
Proceeds from the sale of the
stock will be used to
pay off $150,000.1.
floating indebtedness incurred - for
extensions
and (

(

$168,719

capital

for

459,163:

2,035,163

v

975,670

873,360

518,848

69,7,42,076

64,217,795

64,274,386

13,213,542
*693,296

20,994,250

26,506,355

12,672,52.7

15,201,413

.

•

..

•

•

•-

-

■■■"

»•

>

•>

"

.

r

'

,

r




-i

Hyde Park Gas Co.V^o Issue Stock

,

.

■.

$1,215,869

and

livestock

-•

1946 *

30*

Association, >6,000 addi¬
($25 par)," at par and to seli
$125,000
a'term-not exceeding 15 years at a
rate, of interest not
to exceed 4% to
Massachusetts Mutual Life
v
of

share for "each share of
Cunning¬
addition to the $6.27 per share
,

v. /-

company has reOiresfced -istnthdf 1 Cy 16 f the SEC to
parent, New England Gas & Electric

to'its

subsidiaries; .in

subsidiaries—/
In

alphabetical

,

'1945'

(64,000
514,134

•

& ;T C-ii 'K \ ■®. •"
%.

Net

per

near

"

.

45,730

outstanding,

previously mentioned.

stare??—^

Dcdham

J
-

■

—-a—

""This equity Amounted to $1.27
ham

'

as^^rollows; *

■

Co

non-retail

per

■'.:

'

Marshall Drug

.The

-

1946

charges and Federal taxes.:

Net ■ income
Earned per shaTe ott^^

"

to

.

'

as

-

('Federpl ;and-.city

(a

-

the amounts shown:

'

1

in

profit for the year is after provision for determinable
inventory
obsolescence and markdowns.
The company has retained a
reserve: of
$180,000 from a previously established postwar reserve of
$200,000 to
offset possible future- declines in
prices. ' *
The aforementioned net profit does not
reflect the company's
equity
of $242,837; in'/the. undistributed
net/profits- of. the /unconsolidated
subsidiaries" for the year, attributable to
the
-

'

,,

'Profits before Federal and
city .taxes iUn. income—-

sales
for the -fiscal year ended
SeptV 30," 1946 >mouhtfcd to
$23,193,563, an increase of $2,273,394 over 1945.
Net profit
for the
year
1946 amounted to $1,197,077 after provisicn of
$1,145,000 for
income taxes as compared with a
profit of: $615,210 in theiprevious
year
after provision of $1,517,000 for income taxes.
The tiet profit
for the year amounted to $6.27
per share on the outstanding common

stock.

,

De Vilbiss Co.

163;?

+

Cunningham Drur. Stores^Jnc.®-rAnnual ReporW

'

profit

Number of capital shrs.

$79,986,OOS $68,896,829,;

—

^

'

$3,864,000

/•Net

2,968,643
9,612,699?;

deducting " reserve of-$19,T56,8"19'; in l946": and" $18,669,892
tAfter deducting U. S. Treasury tax notes of
$4,611,000.-7-%

£*35.

always

are

,,

Davison Chemical Corp.
i'? Quarter End.
Sept. 30— °"
Net sales

tional

—

they
possible.

as

,

V

30,817

V/

$2,144,311

The Marshall Drug Co.
operates a chain of retail stores
corqing to market- due?
(numbering
44 at Sept. 30, 1946) in and
decontrol.
around
Livestock producers
realized that OPA
Cleveland, Ohio, and leases have
Denver & Salt Lake* R|;*
control prices were
been signed for three additional
Earhingsarbitrarily low, and anticipating
stores. • The company
the time of
purchased twodecontrol both before June
November—
thirds of the common stock
30
1946
•
and
1945
'•?
of Marshall in
Oct.; 14, withheld
.:■:- 1944
their livestock from
1943;
October, -1944, and the T Gross from
market as they believed
remaining one-third in December, 1945,. at. a total
railway./
that on a free
/ $374,485
$270,247
;
$257,413
they would command
market
cost of $333,300.
$124,368
< Net
higher prices.? The new OPA
from railway/..
At Nov. 21,
!
1946/Marshall had-5,868 shares of $100 par value
33,415
Price Control Act
:•■■; 52,771
87,811.
became effective:
*58,954
5% pre¬
July 25, but was: not
Net ry; opef. income..-*
'•
ferred stock
applied to wholesale meats
outstanding, none of which is owned by
46,372^ ,*••*' 95,948"
Until Sept. 1,
72,674
*22,126
and to retail meats
Cunningham/
until Sept; 10.
;//.All of-the common stock and 9,004 shares
? ; From January 1—.' ?
Price, control was
permanently eliminated Oct.
(approximately 20%) of
/ the
Gross
14,
preferred stock oL The Schettler
During thhe period of short
from/railway-./-.?3 3,163,602;
3,137.570*
3,093,188
Drug- Co. "wete owned by;
plies, our business was
2,501,469
"sup¬
Net fromCunning¬
ham at Sept. 30, .1946.
?
practically at a standstill; as black
At Sept. 30,
539,133
railway./././
.733,680
' 635,783
1946, .Schettler operated 10
operators took nearly-all of the
.' 487^57
market;
drug
Net ry.:oper.'income/.-*
supplies at higher prices'than
stores, /all in the Detroit*
664,809'
916;425-^ 7835,203
mate operators were
Metropolitan/Area;- and an additibnal unit
1616,415'
legiti¬
allowed to pay under
will be opened for business
the controlled
within the next few months.
♦Deficit.—V, 164 ■ p. 2956.
price plan.?
During the periods of
?
'
decontrol, the shipments of livestock to
Because of
the
substantial minority interests
increased to such an extent that
market?
represented by the
our
preferred stock'of The Marshall
processing facilities were taxed"
Drug Co. and The SchdttTer Drug
Detroit &|Mackinac Ry.beyond capacity.',
' :■
Co.,
these two'retail subsidiaries
Earoirigs—have been excluded from
;/'■ v -J';,
consolidation/
;
?
November— :■> '■[*■ a
EARNINGS AND
In 1946, the
1946 r
r1945
property inventory; and business of a
-V1944
■
DIVIDENDS—Net pfofit for the year was
1943 h
wholly-owned cigaj;
Gross -from;
Kmountihg to ; 1.92% or- 1 92/100 -eentB
$6,720,585,
railway'—'
company subsidiary were sold and the net
$155,844
$107,872 -x"
$93,444on
each one.
$75,648
gain was included in "the
In the
dollar of sales,'3
Net. from .railway//.?.?
profit and loss for the /year 1946. The
V - 71,804
preceding year; the net profit .was
-38.774
to 25.087 / 5,554
cigar manufacturing business
$2,505,097, amounting to
Net' Try,; opef. income//-/
U.78%"' Or "73/100 centhad been entered hito
:
" 72,932
as ,a wartime .measure and
/ 17,647.
27,039 :
for/Oach. one-dollai of sales.;
164
fulfilled Its purpose
with-; the termination' of
y /-From January-!*—
*al« and profits^ of non-meat items,,, the proffi for the Eliminating the •
the war;'
t
'•
I
year- amounted
to less
Drossfrom/raiMay-ii.-: 1,284,214
;-At Sept/ -30, 1946, a' total;vol: 99
thaq ?/♦ "qent per pound'of
939,775
933.795
904,106
Cunningham' and' Shapero stores - ^et from
livestock-purchased and less-than
*h cent per pound of meats
were in operation.
-railway--?1 > • 383,812
One new?store baTs
153^517
137.026
sold, a profit which does not •
131438
been/qpenect slnOe; (ho 'close; olv
materially
the fiscal" year. -The
SNeVry.'"opef.' i'ncbme__-v
" 245,240
62,950
company has purchased two Ideations and
61,712
"35/470
ha$
—V. 164, p. 2956.
to

I

5,366,821

■.

14,024,670?

After-

1945.

—

*

V SALES

$7,741,361

?

position

2,500,000 i
.;2,ooo,poo
10,000,000-V

15,427,137'
^
3,295,685
124,985

"-surplus

Total

/

v-r

v'?/'''

.

$8,689,457

NOTE-—For mechanical reasons it ts
not
always
possible to arrange
companies in exact alphabetical
order.
However,

$6,516,000
3,812,836

::5,500^08

adjustmentsi;^-^-—-----(par $100)--—

Capi'tal-':'SUrplUs';,;i_?i?^?;J^^?*-?*?i:*---''

6%—

18,

;

::. •/

$7,293,043
189,618

...

$4,822,268"
3,456,561 r.^2,723',047
10,359,169 , 1739,034
14,000,000
14,000,000

banks

post-war

preferred stock

■; Earfied

""" *

quarterly. dividends of
stock, par $100, payable

$7,562,270
179,091

de-

996,339

—

Compiott ••stock ('Opaii.

;

$1,491,552 $14,964,277
$12,490,560

preferred

223,467

EARNINGS FOR* NINE"
MONTHS'ENibED SEPTf

—_

payable

Reserve

Cuban Atlantic
Sugar Co.—Two Preferred
Dividends
The - directors
have declared two
regular
each

$8,465,983

?

.

Net

$1.25

^

«■

$1,229,079; land
$5,500), $49,500; reserves for possible future
prices, $180,000; reserves fdr
contingencies, $168;191; common stock; (par value
$2.50
per
share), $476,995;; capital
•surplus, $492,562; earned
surplus, $4,971,011; total, $9,663,794.—V.
163,
p. 3130.

including

•

/

1944

-

'$2,268,929

(annual instalments
decline in
inventory

$79,986,005 $68,896,829

—

-ys.

4Vx'h

in

1946—12 Mos.—1945

on

or

•After

wages, interest and general (axes, etc.__
Reserves for Federal and other- income
taxes_.
First mtge. bonds, series B, 1964——

.

Crown

1945

-■

30

**'•". t

'

$23,la3,563 $20,920,169 $20,43»;381
14,727,574
13,357,899 >13,145,337

withheld from
employees, $425,920;

dis¬

Maturities o^.,long-term debt™
'..payable
'.--^-U^-v-

Acerd.

Continental Can Co., Inc.—Tp Lease
New Plants: Pur-;
chased hy
Insurance.Concern.—See New York,Life In¬
surance Co. below.—V.
164, p. 3288r
t

;-.j

1946

.-.profit-sharing plan, v $205,000; taxes,
?
$189,122? dividend payable, $47,700;

11,947,301
22,947,368
259,795
21,197,879

216,634

—

expense)

L

Accounts

v ?

V,'

•

consolidated—at.. Cost
(undistributed net. earnings t-f
approximately $434,000 since dates: Of
?acquisition have not been taken
up), $457,825;/cash surrender value
?of insurance on lives
of officers,
$57,700; miscel.aneous notes, accounts,
.and investments (less reserve of
$6,139), $68,880; property, plant and
equipment.; (aiter reserves for
depreciation of $908,665),
$2,021,506;
.goodwill, $1;. prepaid taxes,
insurance, rentals, and miscellaneous ex¬
penses, $186,784;
total, $9,663,794.
'
*
v,
4
'
LIABILITIES—Trade accounts payable,?.
$1,135,076;
payrolls ' and
amounts

' Nov. 2, 1946 Oct, 27, '45
AH>,545,497; $11,547,847
accounts.

r

Of " the

^

-

$5.58

BALANCE

: ; V

doubtful

less

or

equipment
and deferred

count

five

begin

•-

,

class A prior
pref.

investments

467,489

y-.f $4.12

.

' "V

reserve

and

Prepaid

corporation i;

ctmvair-240' to~ Trans-Australia " will
;164>: p,"2406." V
'

.• «

t

on

3,190,061

33,781,435

Investments,

on,. Jan.

r

:

:

Articles

the authorized

•8,528,117

Inventories

Lester-Brain, Chairman !

Manager- respectively- of

amend

/./J"?

13,132,047
1,090,007
323,862

stock

common

Receivables,

Trans-Austrailia
'8viThe -40»passengec aircraft; designated Airlines,-an-f
the Convair- v
240, >4vill. be used to speed
up interstate rervice in.
Australia, prlnc^Jally, •
between such points as
Canberra; Sydney, Melbourne, Brisbane, Adelaide, Hobartv fihd/penh*;'"
:r*""
^
wounceo

the

to

CONSOLIDATED BALANCE
SHEET, SEPT. 30; 1946
f; ASiSETS—Cash,, $1,951,778;r Ui S.
Treasury; savings notes (at cost
and accrued
interest), $1,205,930; accounts receivable
(less reservetof
,$12,500), $90,344; inventories—at
lower of
cost,

350,869

COMPARATIVE CONSOLIDATED

.

purchase

this

«•

Income.

Earnings per. comhuon

■

•

Commonwealth

••»>;

'■->/?'

operating

-Dividends

2,152,162

-745,092;

726,188

ing (par $30)
Earnings, per common share

CuRsetlidated Vultee 'Aircraft
Corp—New' Contract^—r

-

-i.. -•'•?.

Net. profit
Other income

;

V

613,522

income

Shares
'

1946—Month—1S45194^12 Moft?--lii45 i
-'$2,987,445 $31,629,722' $25,826,091
■»'
.

.* 'V«

expenses,- etcv

Divs.

;44

1,954,236

:
excess

stockholders

meeting

annual

profits tax

beef,

16,634,107/

J:.

-

waa-^re-

This leaves

outstanding?.,The

eliminate the preferred stock from
•;J// •''-lxi '■

inc. tax and surtax.^.
Federal excess profits
tax,_.
Postwar refund of
excess

28,240,441

.

Notes payable
i (current

-.w

the

$1,500,000.

stock

per share.

/

Net

;

cents

$3,231,369

+r-Vr

at

than

preference

INCOME
STATEMENT, YEARS ENDED SEPT.
Shapercf's, Inc., wholly-owned drug
subsidiary) <e'

,S

Other deductions
Fed. normal

pay¬

1,902,488
1,510,366

•

'charges

Prov. for inc. &

,

Sales
■

to

*,:;' Total; u-_r

11,066,039
1,542,951* 11,539,324

1,608,300

more

company;;-./-

'-"(Incl.

f

a;

10,519,562

pension fund

of

prior

stock

opening of rtdw
required: by hew

fixtures

general

the

Oct. 28,

22,683,127

and

A

Cost of goods sold

S.

r

Oct. 27, '45

11,399,375

depreciation__i._?—^
than income
taxesJ_t^4

Taxes other

to 194,200,000
kwh., compared with 177,200,000
corresponding week of fast year, an
increase of 9.6%.—

i

the

Selling, advertising,
warehouse,
livery, administrative and

349,901,504 344,909,594 419,618,928
316,846,868 322,226,467 391,378,48T

for

Contrlb. to employees'

amounted

Dec. 31-*

class

common

Net. sales

LIABIlitlES—

f'FeWod( End.

being
Incorporation

I

11%.

ACCOUNT

Nov.*2,

conditions''permit.

two

or

support

COMPARATIVE

and

Provision

Consolidated Retail
*

outstanding 6%

with only
asked to vote

Other

.

various

on

as

July 1, 1946, at the call, price of
$105

?

1946

previous
Income from

soon

.•

com¬

The

farm

previous

The sale

Selling;
advertising,', genetal "and.
administrative expeuses^^?^_I?_U

■//"/■£

?

on

company

';

1945.

the

Sattie Creek,-Mich.,

in

one

as-

CONSOLIDATED

,,S

.

Dec.

on

made

were

year-end extra dividend
dividend

just

sold

was

?

company on Jan: 8 amiouncSd that
System output of electricity
telectricity generated and purchased) for the week
ended Jan. 5,
"1947,
amounted to
209,700,000 kwh., compared With
184,400,000 kwh. for the
corresponding week of 1946, an increase of
13.7%.
Local distribution
of
for

Act

have

ever

1945;,

Cash

electricity

year's inventory

1945—an ' increase

farmers

1944

Years Ended--

Net

Consolidated Edison Co; ot New
York; Inc.—Output—
The

kwh.

this

wbich

in

Cost of sales and oper.;
expenses..

15, 1947, to holders of record Dec.
31. 1946.
A similar
year-end extra distribution was
made on Jan.
15, last year.
•<
The directors also
declared a dividend of 30 cents
per share on the
stock, payable March 1, next, to
holders of record Dec.
1946—V. 162, p. -2070.
31,
.

of

$850,000,000,
which
included
dairy
production' subsidies,
and iamb producers
subsidies, subsidies and price

common

"

25%

1 M

semi-annual

be .opened

—

**

participating first preferred stock, both

payable Jan.

?

in

.

Corp.-^-Weekly Output^output " bt electric

directors declared"

made

vegetables, .fruits, oilseeds, etc.? payments under
Sugar Act, conservation
payments, and premium payments under
the emergency
grain -purchase plan.

■

24," last^ "the

been

will

expenditure

the

capital of

the.

■

Dec.

largest

were

than

ments

Community Frosted Food Co.—Year-End Dividend—

On

has

sheep

4

Sonthchi

The ' weekly

reduction

year, and exceeds the previous record
year
meat animals accounts for
27% of the 1946
income and the income from
the livestock and the
products of live¬
stock for
$13,100,000,000 or 55% of the total farm income.
Included
in the total income are
government payments to farmers
estimated

kildwatt "hour
energy-, ofsubsidiaries
of this
corporation, adjusted to show general
business conditions of
territory served, i for the week ended Jan.
2, 1947, amounted to
273,108,809 as compared with
230,168,499 for the corresponding week in
1946, an increase or 42,94CI,310; or
18.66%.—V. 165, p. 70.

:v.

Approximately

:?-?/

Commonwealth
f

of

as

at

the

1943.'

at

ended

is

,

;

-

p.

during

reduced.-

$21,500,000,000

years

mere

1945
% Inc.
182,767,000
12.4 V
199,402,000' 181,199,000 10.0
224,480,000
204,790,000'
9.6,
214,968,000 200,033,000 1 7.5 :

.

Dec.

—v,

week

2

with

income

205,501,000

=

Dec.

:

*■

techniques

are

/

of

sales

high

week last
year.
four weeks and per¬

past

as

the

•^v-/-*//:/

bacon, formerly
requiring 35 days or more
and
ready for smoking in seven
daysV
material's used for the manufacture

corresponding

sale, of meat

1946

__

Dac.«" 28—

the

.-•'.*

/

L?/.:

the

been

Nov.

pared

corresponding

Following are the kwh. output totals
centage comparisons with last year;
Jan.

for

improved

of

,deemed

products
•

cure

-

farm

Co.—Weekly Output-^

electric

of

,

the Commonwealth Edison
group of companies,

other

amount

year
1945 and through Dec. 31 have
reviewed
by, the Chicago Quartermaster Price Adjustment
Office,
ito refund Of pi of its1 was due
the government.
FARM INCOME-—The UV S.
Department of Agriculture recently
estimated
the
cash

70.

p.

chough

the

V vf

All

»

Been

of

165,

that

year.

OPA

and

;/

below.—V.

cured
to

such

adequate.

.

See

hams and

are. now

increase in

an

previous

subject to renegotiation
Government during the fiscal

to '

Corp.

Subsidiaries Merge—

.

note

risk

All

to
its
subsidiary,
Corp., for the purpose of enabling
Virginia 1
Jto meet: obligations * incurred in
connection with its construction
pro¬
gram./; -?:/.//>/?//■ .
*
'
•

the

stores

stores, and for addiitional
inventories
;and improved stores call for an

largely
price

of

locations in Detroit And

plans, Subject;
to, availability of,; material,.and gpvemmental
restrictions, for the construction of
buildings (four in. number), mod¬
ernization and rehabilitation of
present, stores,
the

at the end of the year was
$33,780,000
an increase of £7%, due
removal

new

five

-Present

;

?/?,,?.* ■;'?

year;

RENEGOTIATION—The Renegotiation

.

the prevlpus

a

to

required

also

be

as

30; 1946,
charges, equal

quarter of l946.r~Vf 164, p. 1716.;
Columbia Gas & Electric
Corp.?-Ad vance to Subsid-r—

make

extent

the

the

current market
prices.
Due to the very
heavy live¬
stock- receipts
after -meat controls
were -eliminated' in
midiOctober,
coupled with a shortage of labor and
shipping supplies, Jt was im¬
possible to make shipments of this
product until later in that month.

$1.74

Nov.

-

\' The SEC

on
on

lease

where

■/

share

of
inventory declines because of the more"
rapid turnover
product.'./:/
\
A reserve of $3,500,000
has been provided out of this
year's income
for possible future
inventory price declines. This amount' is believed

$2.07 a share in
the quarter ended
Aug. 31.
^ :
'
Consolidated sales for the final
quarter totalled $9,850,000
compared
ivith $7,184,633 in
-

".interesting

sausage,

1945.

under

of

570,300

"

378,609

net

lesser

a

last

in

by-product prices after the

dry sausage such

the

•:
1945'

$8.62

for-the

This

k

1946

'■

to $4.12

205

consuming

bologna, frankfurts and luncheon meats,
etc.,
salami, genoa, etc.,-and many other products
-Through these now and quicker curing
processes,; the palatability of all cured meats has
been. improved, ?
and at the same time
a
and

•

**

—

-3,263,900

——

and

compared with

time

.has,

—I $29,504,000 $13,470,000

/

Net

the

.

•

:

•

hy

paid

//,

compared

with $22,948,000

process

fresh

386,495

3140.

p.

is

The

price

per

as

past years,

to

.

Colonial Mills
Ino^Earnings—.

Year Ended Nov 30—;

:

It

the

/
and

stock

hand

on

the

nor,

deducting $450,000 dividends; the
yearly requirement
stock.' profits-amounted to $12.19

higher meat
ceilings and to

'

livestock

preferred

to

production- for/ the 'four / weeks
361,972 barrels, which compares with

for the five; weeks
ended Dec. 2,
1946,
barrels for the four
Weeks ended Oct. 28, 1946.—V.

of

./''/'v.?:.■■

INVENTORIES—The Inventory

.

sale of

price
meat.

compared

$1,439,132
r
$2.31

.

Colon' Development
Co., Ltd.—Production—

461,991

!

1,027,000

Tiie: company- ' announces1
that' its

w

After
common

34,023

1,400,500

the

,4V2%

400,000

$3,330,295
'
j
$5.82

—™

„

;

1944

$2,927,574
—
427,419

2,187,000

•.

_

affect

public, for

$4,450,944
-----387,516
52,795

*$5,947,050

Provision for —t™-;400,591
pension..^;-/.?.™™.::?1 29,164
Provision for'
recon., 'etc,™.™.™ ;' __/__/
Fed. and State

COMMERCIAli* & MlSAKClAli^ttfeONidiCE

•

.

"

•

■

Net

railway

from

railway

from

Net ry.

161,813

66,467

$856,441
317,989

•-

197,397

204,072

income—
1-— < y "
railway

oper.

Earned

198,419

9,019,700
railway—-—;/ 2,967,675

Net

from

Net

ry.

—V.

income—-1// 1,678,339

1,345,332

oper.

164,

Federal

'

//•/'////••'•'? :1946 •/
1945
.'■-,—$319,025 $6,799,622
—■;—J—
* 93,039
5,457,520

.

Quartern 12 Mos. sx

Ended

.1

>

profit
TSarned per share on 42,259

"

■^Earnings

1945 V : /• 1944
Net sales—
I
it* $3,395,741 $3,125,027 $1,853,233
♦Net income————
246,89 9
222,223 .J;, 96,559
Number of common shares
p- 1848,964 * J 403,430
1393,428
'■Named 'per share—:$0.29'
$0.55
* $0.24
♦After Federal Income and excess profits taxes, etc.
fGiving effect

///v//.-''

■

1946

Sales

-

—_

,

Against

.

—

889,076

,'

plant.

plant

<128,341

——

"*<

\

'■

>

t

>

Period
«3ales

—V.

t

164, p. 3289.

i

share.
Greenburg

a

obtained warrants for the purchase of these shares
in January, 1944.
His decision to give up possible realization of about
$460,000 in capital appreciation was contained in a letter to
com¬
pany's board of directors. The letter said.
"1 feel that the interests of
both the corporation and the
Siolders best will be served by the maintenance ef prevailing equity
Mr.

and by the elimination of the possibility of
and his wife own at the present

Greenburg

Mr.

earnings dilution;"

time about 23% of
164, p. 3141.

"

Dispensers, Inc., Brooklyn, N. Y. — Securities Placed
Privately—Carl M. Loeb, Rlioades & Co. and Roberts &
Co., in December placed privately $100,000 5-year 4%
..sinking fund debentures, due 1951; $100,000 7y:>-year 4%
sinking fund debentures, due 1954; 10,000 shares'($9.50

Eastern Utilities Associates
Period End, Nov.

Operating

5% cumulative preferred 30,000 shares (150 par)
and options for purchase of 25,000 shares of
common, exercisable one year after I present offering.
Prices, $1,000 per debenture, $9.50 a preferred share, 15
cents a common share and one cent an option.
Proceeds
will be used for working capital.-—VY 164, p. 3289.

.par)

Maintenance

.185,574

Net operating revs.»«

• $164,983

l^on-pper,. inc. (net)^^

34>685

/

$199,668

$264,908

accruals

61,879

61,800

2-Cent Dividend—

Balance

and Aug. I, 2 cents each; and

•

^

income./

Gross

•yv.iv■;.;
It was announced-on Jan. 2 that there were more dividend- shares*
-outstanding; on Dec. 31,<1946 than at any previous month end in the*
14-year history of the company,.
.They were owned by oven 38,000 in¬
vestors.—V. 164, p. 146.
,
»
.
,
• y fn

amortization

&

Interest

10

/'

B. V.„

:

,

..

■

,

.

9 Months

before

Balance

Net

.

768,000 V
700,000

shares

of capital

Named per

.

share

:

,

„

/■

,

,

, -

■,■$1.27

$1.73,

income ; .after charges
-4
;*
; -——■Federal' income■; ■.

1,738,770.

'

712.725 shares ,then

'

*

represents the portion of total reconversion
-expenses for this period of $517,336, equal to the reduction in Federal
taxes on income by reason of being deductible for tax purposes.
The
balance of $314,545 was charged against the reserve for contingencies
previously provided.—V. 163, p. 2155.
charge

,v;"

5, 1946

t—-V.

per

-

•

-

-

.

-

'

Douglas Aircraft Co., Inc.—Earnings—

-

-

f

'

;

and

gales

Carry-back
Provision

1,54~6~Q0Q

Earned per
—V.

—^
—_JL——- $3,154,142
share on 600,000 shares capital stk. • »- - ■
$5.26

profit

163, p. 1156.-

<

from

railway^.-.. $3,282,518
Net from railway..'—__
1,391,082
Net ry. oper. income
713,598
From January 1—;
'
„
Gross from railway/,-.
33,178,513

Gross

•

.

Net

from

Net

ry.

—V.
.

railway—;—

;

2956.'

:
/

"

•

November—
_

r

1946

-

$294,477

61,394
33,160

39,298
,15,408

Net

ry.

From January 1—

.

from

from




-

$361,764
97,509
- 71,524

—

*

railway—.
3,863,489.
railway—342,646
Net ry, oper. income—.
.11,124
—V. 164, p. 2956.
—
•

Net

1944

1945

$387,049.

from

Gross

„

railway—-

railway—
oper. income—

from

Net

i '•:.
«,r •
*
• T

's

"*

s-;':,,*"''

A; -

Inc.—Weekly Input—
2, 1947 the System inputs
Services Inc.,

Light Co.,

*l \

-j

,.

3.834,290
3,975,642
719,525 — 913,103

480,846-

647,345

1

7,054
160,402

$10,225,725?
/

46,12*

1,360

38,792

.V, .26,948 ;
530,365

503,550

312,234

538

1,452,022

Cr27,000

516,000

129,268

..

';•/

"

deducts, from
———,

/

164,000

Net- income

i

$7,955,734:

$2,366,728 $12,329,Q2Q
'
'

$2,745,016

259,500?

-

Eiectrolux" Corp. (& Subs.)-—Earnings—
1943 /
Sept. 30—
1946
* 1945"
'1944'
$133,474
T $2,184,329
$730,996
$314,659
$0.1^ V
JEarnings per share-—:
$1.73
,$Q.59 '
$0.25
—Y .
♦After "Federal income taxes/ tOn 1,237,500 shares of con)mqn:stqck. %
Net
profit after providing for Federal income tax for the three
months ended Sept. 30, 1946 was $847,514 or 68 cents per share com-'
pared with $213,053 or 17 cents per share for the third quarter of
1945.—V. 164, p. 2543.
;'/"v
' ■'. ^
''
• '
' ' ' '
"
Empire District Electric Co.—Earnings—
9 Mos. End.

"o

the

yS

1946

& Light

,

1945

Pec. 31—*

.

;
1943

$352,508

112,253
89 848
•• * .
*
" 4,031 338
1324 976
1,054,889

361,903
106,672

.

income

Net

-

——'

share on 350,000 common

Earned* per
'

'

.

.

4

--/

.•

•-/'■■ /:/ //

.:

;

^

'

,

/

\

'

'

Equitable Office Building

■v

.

.-

/

t

. -

-

' '

'

/•

Corp^—Huling Reversed—

Court' of Appeals an Jan. 2 ruled that
the reorganizatiop plan for.this

be offered,in

,

Circuit Court

The

had

which

Pet,

denied

plan had been
<

•

offer

plan to pay¬
made an offer
Equitable.
original plan
lest July, will
Oct, 17» 1946$

the opportunity now to come forward and
a
debts. The City Investing Co. on July 11, 1946,
which" provided for payment in full of all creditors of
If no amended plan is offered, it is believed that the
of reorganization ordered consummated by Judge Knox
become effective./The City Investing Go's offer expired
has

off the

—V.

1946—Month—1945 ;
$7,240,613

,

can

.

'■»>"

reversed an order of Federal Judge John C. Kno^*
stockholders the right of amendment because the
confirmed in his Court. The Circuit Court ruling /?ras .
that the confirmation order was not a final decree.
According to the Circuit Court ruling, any responsible underwriter

kilowatt-hours):.

Inc.*—December Sales Up 31.7 %T~
, 1946—12 Mos.—1945 ;
$5,496,240 $65,673,0;$ $53,215444

States Circuit

;The' United

amendments .still

corporation,

■■■"

—-----,$255,235
shares
$0.59

;

,

,_

Amount

360,206?

—

——-—.———._

—V. 164, p. 681...

Vr

nt client oper/

*

$1,548,3261

——

v—

•

Interest/amortization, etc;

'/■■■/Inorease:'»"'4;:

170,325

Ended Sept. 30, 1946

Quarter
—

Total income.

■

which are subsidiaries of
Corp. and of

199,824
49,855

Co
Light Corp.__._
National Power Si Light Co.
Power

Power &

-operating revenues

Net

■.;

compared with the correspond¬

as'follows (in thousands of

for

Earnings

Gross operating revenues

Electric Power . & Eight

Power & Light Co., as

164, p. 3142. *

T

//

Offered—*,

Equity : Corp.—-Subscription and Exchange
corporation -is offering' to each of the holders of its common
$3 "convertible preferred stock of record Dec. 31. thQs,
right,, nontransferable, to buy at $50, 1 unit consisting of 10 shares*
of Equity new preferred and IVa shares of Equity common.
To eacli

'

:

/;>'/' ;</'

k

The

stock, and. its

^

:

Duiuth South Shore & Atlantic Ry.—Earnings—
Gross

-

~

1943

V

"

t;

♦Net profit

9 Mos. End. Sept. 30—
/ :
1946 '* 31945 '
'» : 1944 ; ?" . 1943
•Net earnings
T$2,249,528 $4,041,703
$3,721,901, $3,754,076
$1,631,516 $2,199,541',' $3,570,231.3 Earnings per share-__i M,
$1.50
$3.38
$3.11
$3.14
203,783 "
728,141
1,526 814
♦After .charges and Federal taxes.
/Includes $1,865,063
175,929 "" 380,379
531,118 - "tax credit.—V. 165, p. 72.
'
//■/;/'•'
ti
*'
~
■;T':.■ •>,>■';:>
::U;1
38,945,786
40,343,082 41,013,779
Electric Bond & Share Co.—Rights-r.
>
.
20,379,185" 21,600.563
23,620,190
11,208,593' 11,693,675
8,776,688
Holders of the common stock of record at the close of business on
Jan, 17,
will be entitled to rights to purchase/the common- stocks
-;v
" •;*_
/t.. "
^ %.
:* •; "j,

1944

,

11,085,141
periods whether;
/")

$2,816,351 $13,404,231

5,204:-

^

income

♦

'

.

.

..

'—V. 164, p. 3142.
r
• '. ' /
'
"
4
'
ife'SCrv-/// " / ■■'//": *•'". > >: ■
Electric Auto-Lite Co. (& Subs»)'—Earnings—

■;

holder

of

not

more

hclder

.

of

not

more

than 35 shares of Equity common
than 3V% shares of old preferred

and to eaclxr
stock will ber-<:./

the right to buy 1 unit.. Holders of over these numbers of shares*
carry-back
buy 1 unit, for each 35 shares, of Equity common and l unit Iok
each 3 J/a shares of old preferred stock held by them.
The, aggregate
->.■<('•;■/://.-''///:■•■>■ offer * is limited to 165,033 units, v. vf ' /
/ .><■'
'
/;)' /:/ All subscription rights will expire at 12 o'clock nQon (EST), on Jan^- ,
r/?4;-,
/:'
exchange .offers .://;;/;/• '//XW/:.:.-t//
Coincident with the making "of; the. subscription offer, Equity Isf
pf. the American Gas & Electric Co. and the Pennsylvania Power*
Light Co.,; subsidiaries of Electric Bond & Share Co./which are
Offering to holders Of its: old preferred, stock,
tha opportunity of: /
being divested by the latter company.
.yf. tendering their old preferred stock .(including all rights appurtenant;
The rights will entitle the holders to subscribe, to . 16/100ths or
j thereto) for exchange under the following alternative exchange offers,
called for convenience the "stock offer," the "cash offer" and th&i
p share of American and '/ath. of e share of Pennsylvania common,

-

8,899,786

p.

Sales

'

15,546,751

income—

oper.

164,

$8 20

Ry.—Earnings

1945

1946

.

$4,921,000 ^

.

Duiuth Missabe & Iron Range
November—

>'

&

Power

Period End.

.

Net

#

'Edison Bros. Stores,

tax

for

\

-*»■*.

ALON^S

248/>ft:r]Cr3,067,

>

Frov.r for Fed. Taxes on/

29,499
17.3
44,210 . 5,645' 12.$
Former
(02,888 .. 90,614 ; 0 12,274
13.5
The above figures do not Include the System .inputs of any companies
not appearing in both periods.—V. 165, p. 71. ■■/
'
Electric

■•3,454.142 ; ' 23,212,000
taxes--.—1,200,000
16,745,000
credit.ll..—
i-—900,000
contingencies
1
%

Provision for

/'

\

'

American

.,1946 '

1

17,730,526

•

259,500

..

than

other

taxes

income

Fund—Net Assets Lower—•"

Operating Subsidiaries of—

,

-

.

(est.)-

income

Net

31—

/ 2,148,056

/

applicable to respective

;

Expenses
Int., etc.,

$1,514,006

......

ing week during 1945 Were

1945 *
billings, ^-i—l—,r. $84,449,609 $642,514,000-

9 Months Ended Aug.

••

r

former National

.

-

*

f<

American

"^

v

•

t

*

•

/ For' the week endSd. Jan.
ating companies of Ebasco

—_——412,704
_1—■
_
$1 34

and taxes
share.

common

161, p. 766.

516,000

$3,043,736

income

Other

Stock Fund—Net Assets Off—
This Fund has reported net" assets at Dec/ 21,: 1946 <rf '$1,067,7381,
equivalent to $15.74 a share on 105,964 outstanding shares, as com¬
pared with $1,479,303 a year ago, equivalent to $16.59 a share on
the 89,157 shares then outstanding.—V. 164, p. 2407;
, l' , * « .V
v-

_1„$21,967,194

Net profit after charges
Named

Cr27,000

*>;-

3,798,886

—.

"Fed/ taxes

160,032

$1,695,932

surplus

equivalent to $26.60 a share on
outstanding.-r-V. 164, p. 2407.

Ebasco Services

,EARNINGS FOR 29 WEEKS ENDED .OCT..

Total

Eaton & Howard

r "

■:

sales-——

Net

"

•

V1---

Dominion Stores, Ltd.—Earnings—

;

26,948

530,365

——

201,38$

pared with $18,960,184 a year ago,

■

profit.—$3,126,485
shares_^__________
$3.00
special

7,054

160402

'

■

<

-

reported net assets at pec. 31, 1Q46 of $25,831,497,
equivalent to $25.45 a share on 1,015,128 outstanding shares, as com¬

Earnings per share on 1,042,644
•This

16,124
38,792
503,550"

■"

"Period End. Nov. 30— '" 1945—3 Mos.—1945 '
1946-^-12 Mos.—1945 \
Gross inc.—From subs.
;
* . :
consolidated
$3,042,284 $2,812,413 $13,398,213 $10,208,93ft>
Other ——/
J1452
3,938
6,018
T$»78|.

,

~

Eaton & Howard Balanced

-

Net

1,360

Cr3,067

INCOME OF COMPANY

-

„

.This Fund has

V

charge«_i—202,791

♦Special reconversion

X3,355435)

v

*

/■ •"•'■! "'

$30,591,610
- , 5,068,046

JNet

18.805,737

.

$1,674,037

-160,971

—V. 165, p. 71.

—/

;

-

2,597,679

—V. 165, p. 72.

.236,241

/

r

available for dividends and

-Balance

ENDED S£PT/30,' 1946

EARNINGS FOR NINE MONTHS

.

sales-AL-——

Net

income

taxes and interest-

Expenses,

Doehler-Jarvis Corp.—Earnings—

X.;

•

13,338,348:

18,799,719

'"tjf

■$£472,652.

$1,856,003

Non-subsidiary

798,371:

U ;i'J -:™..

•Full' dividend requirements
earned or. unearned.

$1,472,652

$1,619,762

981,380

2,593,741
3,938

164,000

*

22,578

l$l;619;762

700,000

1026..,:,*.;,Yv.-v. ■;1
///." /-•/■ ■' .////'//■ //''/-'■ ■■• '>'- ■■• ■ - /.

~^v, 163, p,

■

$1,495,230

23,654 '/

1,603,786

13,338,348
18,799,719
16,781
6,018j

5,204

surplus—-;;

Balance,

-

\

*■

4a9,26$/

i'V.;';.;1'/:'.>■? '</•■'■

<%

77,652

.

$886,000
-

'y

■■

248

.

--i.;--/;-;-;

Federal1 taxes"
income—--—i-i

on

.•

■

%

Associates:

Utilities

Eastern

849,000
<

•

$1,643,416

—

——

,1945"

$1,211,000

/—„„_—

profit

Number

—_il.—

Jtacome—

Taxes, on

•'

ProV. for.

/

-

$1,735?000

$1,979,000

taxes

—

$2,027,398

77,652

G. & E. Co.--.

Applicable to minority interest

>

Pepper Co. (&

Profit

'•

taxes——

Expenses

-

$^^ll068'>$i,6J2,88£

^$166,970/

V.//,.

deductions:

dividend

Preferred

.

-

Subs.)—Earnings—
Ended Sept. 30—•
' 1946.

income

«.

$103f^2'

Balance;

■

1-4 225

Ur341.88»

16,352,223:
2,215,504

•

2,593,741

4,096,154

other, than

taxes

Fed;

420,987 ; ' 435,647
19,673. ►
18,870

35,913

i

34,657

dediics—

Miscellaneous

Oct., 25*..

7,751,004

l/X XX

•■•

—

,

$203,108 / $2,161,728

.$137,789

€ cents.—

Dr.

'

$2,764,623
: 737,225

$2,903,723
"
741,995

/v

;

-

Jpr28,789

148.877

-V

if—*>

320,581

366,711

'.-■<

equity of corp. in
inc.. of >subs..vCops. /

i

$237;714 V $£537,012 T $2,444,042

27tl94 :

24,445,10?

21,384,885

:

3,177,641'
435.023

180,861

.

share,
of record Jan. 15. Payments last year

follows! Feb. 1, May 1

as

Retire/ reserve

quarterly dividend of 2 cents per

a

1 to stockholders

payable Feb.
were

declared

(incl.

;

Electric Pow« & Lt. Corf
v; 4,096,154
Net equity;(a& above)—
1,452
Other income-—-——.
v/'t///,:':;'
4,097,606
Total

7,749,770
6,810,028
557,890 " 653,233
1,930,351 / 1,894,876

/

4,677,402
400,387

•

/

.

/

;

directors have

!

inc. taxes)

Taxes

■

The

601,611
48,728
144,527

44,232

;

^

public- to
mlinterests
to

applic.

Not
-.

*

*(& Suhs.)-—Earnirigs—

$1,123,800
729,011

•

6,810,270

1,807,636

-

BrlQ4,566

;■

dlvs.

-nority

1946-i-Month—1945 ',1946-^12 Mos.—1945 r,
$1,032,580 $12,775,024 $11,802,279

,

Operation.-

common,

Dividend Shares, Inc.—Declares

3ff—'

revenues

23,872,195
572,914

•5,089,843> 28,223,944

6,406,375

1,728,973

;

Balance
•Pfd.

Other

/

•

580,531

449

franchise

to

reserves

Portion

value common , stock.—V. i65i p. 71.

par

24,217,19J5
345,000

346,882

'

common; . . rj , , .* ,s /,; .
« /,-•*
. .
• - ,,
The Association's outstanding 4 V?. % prior ipreferenccr stock will not
be
affected
by the recapitalization plan.
Under the amended plan",
the Association will have 2,500,080. authorized shares of the^^ new $10

new
;

18,383,017. 19,664,54?

5,089,394 "27,643,413

26,388

•

" ;■■■'

*•

■

shares outstanding.—V.

company's 862,856 common

the

235,545

86,250

-

6,379,987:

(net)——

income-—---;
to public

Transfers
>• <

,

outstanding common. .
The plan as originally filed provided for a distribution/of 85%" of
the new $10 par value common'to the 6%
preferred and 15% to the
Old common.
As now amended, holders of the 6%- preferred stock, of
which 374,138 shares are outstanding, will receive 79.01% , or 1,870,690
shares, of the new conmion, and holders of the outstanding 1,988,400
shares of old common will receive 20.99% ; or 497,TOO shares, of the

stock-'$

X

*

and other deducts*.*s.-.

plan

and

stock

the

.values

Plaii

Associatesh^Files Amended

|iled Jan: 6 with the SEC a number of "amendihents
of recapitalization. ;v
; .
. ,
r,
3>
r
The major change made was In the' allocation/ of the company's'
new common stock as between the holders of outstanding 6%
preferred
The company the

;

X\

interest

Net
■

Eastern Gas & Fuel

12,019,884

4,592,912

•• ;

88,245

plants

income

income

Gross

«

*.
*

to

vWmf't*•'

_;

;;:f

:

President Declines to Exercise Stock Option—
Harry Greenburg, President, on Jan. 8 announced he has decided
.not to
purchase 80,000 shares ;Of the company's common stock at
$1.75 a share, compared to the present market value of about $7.50

lease of

Operating
Other

$1.29

^

24,945,432

6,468,232 ;-.5,175,644' 27,990,295

ieyenups-iv

oper.

Rent for

8A63.905

.

$758,461
586,951

$1,375,164 *>$721,684,
597,033
590,194
' $2.31
$1,22'

$1.21

share—'

per

•

*

,

2,395,572

outstanding

Earnings

\

"•

—$2,901,577

and-taxes

-

Shares

/' 1943

1944

1945

1948

Sept". 30—

after charges

Net profit

SALES FOB MONTH AND FIRST 5 MONTHS . ,
'
End. Dec. 31—/'/
1946—Month—1945 vC? 1946—5 Mos.U-1945
$1,513,858 $1,740,951 $6,038,757 $6,045,986

\ ; "

_

stock split-up.

two-for-one

the

to

Net

Inc.—Earnings—

Eastern Air Lines,
9 MoS. End.

64,668

/

acquisition adjusta.-Prop.retirement and
j: depletion
reserve ap¬
/
propriations and depr.

*

,

«,uui/tyyv

.-

■;
for the nine months ended Aug. 31/. 1946 were
$28,497,663,
$31,210,030 the first nine months of 1945.—V. 164,: p. 1868. ^ .
»«

s

,,

10,976,268

-

f 2,836,622

taxes

utility

of

Amort,

taxes.

of

lieu

in

Chgs.

2,566,208

if}

taxes---—

Other

3,220,718

taxes;/;-——

Federal

$1.25$1.24
tAfter book

$0.38

$0.24

share—

per

889,076

889,076

889,076

•After charges and Federal and State income
loss of $113,354 on sale of company's Cincinnati

,

Quarter Ended Oct. 31—

Operation

. »

$
rr $ ■'1
127,636,327 139,010,131 "•
49,993,737 49,379,217 1
" 8,593,559
8,669,601

$
$
31,474,401' 30,904,111
12,867,129 12,212,294
2,133,699
2,159,105
3,952,940

!

Maintenance

f, 1946—9 Mos—1945 /
$338,845 t$lt113,602 $1,105,941

t!t215,065

4-.'"

revenues

availability of.
gasoline ■

use of

^
Subs.)-^Earnings—■
1946—3 Mos.—1945 •
1946—12 Mos.—1945 1 /

30—

Subsidiaries—;

Operating

J946—3 Mos.—1945

outstanding--

Shares

(& Subs.)—Earnings—

Diana Stores Corp.

Period End. Nov,

■

Eagle-Picher Co.—Earnings—-

Period End. Aug. 31—
/■■♦Net profit :
—
v..

\

Light Corp. (&

Electric Power &

'

"v'/•■',/

1945.—V. 164, p. 1591. /

third quarter of

'following

2195.

Net

'•Kv'

traffic was held due to the greater
and the'first full year of - the unrestricted
wartime rationing.—V., 155, p. 636,

increased

The

automobiles

v

-

Federal income taxes.—V. 159, p.

♦After charges and

125th

corporation, "has. reported that in 1946 its line between
Manhattan, N. Y., and Fort Lee, N. J. carried 1,434,673 motor
'.vehicles as compared with 1,141,660 in 1945.
In the same period the
Jine carried 2,814,723 foot passengers as compared with 2,779,882.
;
Street

—

..

(

The

■K

,

$225,986 $1,342,102
shares—$0.54 ' /
$3.18
For the quarter ended Sept. 30, 1946, net profit was $264,241, or 63
cents per share, compared with $263,029, or 62 cents per share for the

*.'

•

•

;
'

\

Inc.—Traffic Increases—

Electrip Ferries,

taxes "(1946, $32,750,

Ended ;
Period—
;
<
•;
V'
' Sep. 30/46 Sep. 30,'46
Sales and miscellaneous revenud-.—^«-.-^;^./->; $738,l9l;: $3,564,382
•Net income_v--i—/
r-iV
,255,746
1,149,516
"Number of capital shares—.
500,000.
500,000
Earned per• share—
• $0.51 • . :
$2.30

v

—;

taxes

after they arc

.

,

Car Co.—Earnings—

9 Months Ended Sept.30—
Profit after charges

164, p. 3412.

'

•j

Diamond T Motor

provisions for Federal

and

charges

Duval-Texas .Sulphur Co,—Earnings—

;

2956.

p.

all

1945, $25,000).—V.

8,567,563
3,912,176
2,288,745

8,241,356
3,183,403
1,904,088

7,745,345
2,556,294

frdtn

Gross

share——$0.26

per

•After

From January

further notice must be
rights. The rights will
issued.—V. 165, p. 72.
- r/- ?

for

bills

33,967
S0.15

stock delivered
accompanied by due
expire eighteen days
-- - •
' " r 4v

certificates for the

and. that all

Jan. 17 and until
the subscription

after

1945 • 1 !
>$599,049

3 Months Ended Oct. 31—

1943
$726,733
318,664

1944
$713,481
272,823

1945
$625,273

1946

November—
Gross

Duro Test Corp.—Earnings—
*'
'
4< 1946
Net sales
—$906,114
'•Net profit I——L_—'
>' 57,864
;

—

notice

further

until

RR.—Earnings

Detroit Toledo & Ironton

13, 194?

Monday, January

FINANCIAL CHRONICLE

THE COMMERCIAL &

206

./ given
may

,

-

,

,

&

v

ifpr each share of Electric Bond & Share Co. common held..)..
y
The subscription prices will be determined shortly before the offer-*
ing is made and are to be $7 a share pelow the/market" price iot.
American and $31/a, a share below the market/.for - Pennsylvania.1 :
The Committee on Security Rulings of the New York Curb'Exchange
has ruled that Bond and Share common be not quoted "ex rights"
.

privilege": ;• .
alternative exchange ^offers are ;,pn
preferred stock for
m(A) The Stock Offer: 10 shares of new
"contingent
;

The

Equity

common

stock

the basis, of 1 share, of oldt

preferred and 1W>shares or
(having under-the subscription offer;» unit

,

Volume
price

of

165

$50)

having,an

Number 4559

plus^ 1%

shares

of

THE COMMERCIAL & FINANCIAL
CHRONICLE

American

General

Carp.--common

aggregate

Eversharp, Inc. (& Subs.)—Earnings—•

*

9 Months Ended Nov. 30—

/.'"/V//•

■

(B)
able

The

cash

General

Corp.

common"

the

an

(C)

an

per

shares

1946

outstanding—

1940.

/

-

1945

/,

"///'■:

CAPITALIZATION- SEPT. 24. 1946 ■'
'-'•'/••■
Authorized
4'% cumulative pref. stock
(par $100)_
30,000 shs.
Common stock (par 25c)
">1,620,000 shs.

339;117'

common

RaZof

effect

Co.

and

'

i tAfter? taxes;

of $7

equal ''to accumulated unpaid dividends' of $4.50 and /
premium of $2.50 per share on 1 share of
the, old
This offer expires,at 12 noon
(EST) on Jan.. 31, 1947.

i'1 Export Executive Named
/ An expanded

The

poration

Contingent Privilege (optional only to; stockholders
sccepting the cash offer if they desire American
General stocks so far ash?!

foreign

with the

and

reserves,

i

/

in New Sales. Move—

trade program

has been

launched

appointment of Louis J. Skinitzero

f/v/500,000

^

,

cor¬

;
to

,

Outstanding
21,270 sh;i»
'

reserved for issuance in connection
issued and outstanding common stock of

Subscription

Vice-President

as

.

252,580 shts_

shares

chase of the
Inc., and 867,420

•»

'

by this

'

typcv

-

share__^_,^._-.—$4.90
/ $3.77
complete" absorption" of the Magazine
Repeating../.
jhcludes $786,282enet profit- from^
razor business.
' »
i,;:
to

preferred -dividends

as.a

non-diversified investment company of the closed-end
having become subject to that Act on or after
April 30, 1946.

$1,278,128
,.

/Gives

aggregate market, price on the hew
of business on Dec. 26, 1946

the'close

amount

redemption

preferred stock).
;

having

at

of common

Earnings

•

*$4,503,762
918,746

;.

:

earnings

Number

17, 1947./
Offer (subject to allotment to the extent
that avail¬
not, sufficient)! $50 in cash plus 2 shares of American

York'Curb Exchange
<b,eing

tNet
•

Cash
is

201

*

market price on the New York Curb
Exchange1'
at ,the close oi
business on Dec. 26, 1946 of $4.81
(being an amount *V,
in-excess of accumulated unpaid dividends of $4.50 on 1 share of
//old preferred stock. Offer,■ expires at 12 noon-(EST) on Jan.

shares

reserved

for

'•

warrants.

issuance

On May 1, 1946, the certificate

of

the

Fiscal

pur¬

CounsoV

exercise

upon

of

,/,..*

;

,,

with

tfcw
' /

,
,

incorporation

amended

was

so

as

increase the authorized number of
shares of class A common
stocit,
by Larry
from 240,000
cash is unavailable for
shares
to
all tenders under the cash
Robbing/ Senior/yice-President and General Sales
1,500,000 shares and so as to change tha
offer); 1 share .of/
Manager.
Mr.
class A common stock of the
American General
Skinitzero, wgs Vice-President in
corporation from no par to 25c pam¬
Corp. $2^preferred (callable at $52.50) plus 1%.
charge of "sales for Eversharp Interna-,
per! share. On Sept. 24, 1946,, tho certificate
sifar.es- of American General common
of
having an aggregate market price*.* tional, a subsidiary 'corporation, since 1944. vi'.:
incorporation wi
:v
dn the New'.York Curb
.\.) further amended'to effect the following changes in the Classes'and
/•/"During the last (wo years, we have made steady gains in the
Exchange at thd elose of business on Dec. 26,
>'■
/'. trade field," ,Mr.
foreign v amounts of securities which the
1946 of $4.81
(being, an amount In excess of accumulated ;unpaid?
Robbins said, "and the goal
corporation
is authorized to issuo:
of our new program is to '
(1) each share of 4S9
give Eversharp the
/ dividends ;t>f <,$4.50 .Qn 1 share of, old preferred stock). This'offer
non-cumulative preferred stock (par
same-leadership- and prestige in world markets that $100) wa&
changed to one share of 4% cumulative
it now holds in
expires at 12 noon (EST) on
the domestic field.
preferred stock (par $I0d); and
Jan* 31, 1947,
There is a heavy demand abroad"
(2) each share of Class A common
for American
stock (par 25c), and each sharoAll tenders of' old
writing instruments, especially iji
>preferred stock - under the -stock- offer will' be
Europe, South America, •
of Class
B
comrhon
Africa and the Far East.
stock (par 25c) was
We are
accepted regardless' of
changed to one share of
allocating a portion of our in- : common stock
subscriptions 1 under the subscription; - offer or
creased production to meet that,
(par 25c),"
r;
tenders under the cash oifer
-/-J
1
• "
demand and to establish a substantial
»'""■!
"
or the
contingent privilege. - Acceptances',;
export market for the future."—V.
BUSINESS
cf the stock offer will
HISTORY—The originally
165,. p. 72.
correspondingly reduce-the number of shares
contemplated primary
pur-"
/;/•■/v// )/•'•/■/
of new preferred and
poses, of • the corporation were the.
Equity common available for subscription under
carrying on of a business advisory
service
the subscription oifer.
F$bron (Corp., New .York—Stocks
principally relating to business problems of North American,
The cash offer will be
subject to allotment in
Offered—^^Gillen «&.
case the available cash
companies doing business or
of Equity
desiring to do business in South America/
(principally the proceeds of the sale
Co., on Jan. 8 offered.40,000 shares of convertible
and the
of the new preferred)
class A
financing of business ventures and enterprises connected with,
is, in the judgment of rile board of directors/ stock
(par $2.45) and 40,000 shares of common ;stock
trade and business in and
of Equity, not sufficient to
with South American countries.
permit the acceptance of all tenders under
/
the cash offer,
(pah 5^) In Units of one share of each at
If and to the extent that ca6h
/During the war years and as a result of trade and other restrictions
received by Equity
$2.50 per unit. // arising out of war
from the sale of new
'• *
preferred and Equity
The" net: proceeds 'will lie'
conditions, it was inadvisable for the corporation
common,- and otherwise
Used for ' the
to ,'epga^e. in
develpprheht g.hd exploita-?
./ available, Is not sufficient to permit acceptance of all tenders under
tion of a license
South American
activities
to
the
extent
.agreement- between- A. M. Ross-Smith
originally
the cash offer,- the
and General *
planned. During 1944 and for about
contingent privilege is provided and holders of
first, half year of 1945, the -cor¬
Aniline & Film Corp., dated Nov.
6, 1946 and assigned by Mr. Ross-/
old/
poration
carried
preferred. 6tock may; thereby, obtaiu American
on
a
Smith
profitable and
to
the
General stock in lieu
relatively substantial import
company
on
Dec.
20,
1946.
Under
this' agreement!
of cash. The contingent
and export business,
consisting primarily of importing quartz crystals
privilege will be subject/to, allotment - in, the-> * General Aniline '& 'Film.;:Corp.j" granted^ Mr."
;
Ross-Smith a" license ; to / ;
gventj .(believed W, be unlikely.) thatand-semi-precious; stones'from Brazil.
print fabrics by a certain
However, due to the abrupt
available-American General $2
process known as -"Ozara" in the
preferred owned by
develop¬
drop in demand for quartz crystals at the end of
Equity is insufficient to permit the
ment of which
the war, the import
process General Aniline had been
acceptance by.
previously engaged.
Equity' of *all tenders/under the
ancj export business '.of the corporation has
General Aniline
.diminished considerably,.
contingent/privilege;
/ -/
agreed to furnish Mr. Ross-Smith at cost with
all
^ - necessary
The import and export business
> Holders of. old
was
operated through Donald M.
'
equipment,
chemicaU. and
preferred/stock may either exercise their
technical
assistance
to' print •
Murray Co./Inc./a * wholly, owned
subscriptipn / fabric by the Ozara
fights or accept the exchange
subsidiary, to June 30, 1944, whereoffers, or both, as they may desire.^
process, to make available the results of con¬
/ tinuing
uppn. sucH company, was liquidated and the
AH payments and: tenders
under
import and export busine:;»
research, to indemnify and hold Mr. Ross-Smith
the respective offers should, he!
harmless
was.
subsequently carried on by the corporation itself.
rpade, to the transfer office of Equity at 1
.'••■;* -,
Exchange Place, Jersey ' against'all-patent'ihfringement, suits-and claims, and to-give Mr.
/ /Concurrently with the diminution of the import and
Ross.-Sinith terms as .favorable-as
City, N. J,
export business,
those
of
.
;
•
any
other
;/
contract
/',/:" *
if
the domestic phases of the
thereafter given, to. another party. In consideration
Corporation's business have increased id
of the.,
PLAN OP RECAPITALIZATION
foregoing, / importance.
The importation of
Mr. Ross-Smith
quartz crystals and semi-precioua
agreed to pay to General Aniline
a
royalty of 5c
stones.has been discontinued. »
/The' offers are made as, a part of a plan of
per
linear yard on
all
fabrics
\
Zw/
.
printed by Mr. Ross-Smith
recapitalization, of Equity, by
the
designed to, eliminate or decrease the accumulated
Ozara- prpcess/,
; While
it j; is intended to
"The! /jjrfeement
or; t^po years; jfrdm- Jan."
unpaid dividends/
expand and diversify the foreign trader,
1,-1947
on its old
preferred stock and to reduce its future dividend
/and continues" thereafter/ annually/unless cancelled
activities of the corporation through its.
requireForeign, Trade Division, which*
by
6 months' /
:/' ments. The first step in the plan has been
is presently staffed
"notice,".'-:'■' •■'
consummated through an,
by five of the ten full time employes of the.cpr-.
/••'
i In! addition'
;
amendment to the certificate of
to!'Jhe -stock"! being offered
incorporation of Equity authorizing *
poration, the management is of the opinion, based on various in¬
36,006 'shares' of common
the new preferred now
offered, pursuant to vote of holders of. a major-/ ! stock- weref;Issued as itollows: j
w.
vestigations of opportunities to pursue'
; v ' ;,
originally contemplated activ¬
*
ity both of its old preferred stock and common stock.--The
(1). 20,000: shares were purchased on
ities
and
on
experience
derived
Dec.
from
proceeds
transactions
that the
most
26,
1946
from
tha i
received by Equity from the sale of new
company by Richard ;"M; L6ck€Fy Vice-President -and
profitable field of 'endeavor at this time lies in what
preferred and Equity common
-Production; Man»
may be broadly
(Under the subscription offer or otherwise will be used
ager
of the company
described as an investment business of the
at 5c per share.-These shares were sold
under life pigry
so-called special situations,
to
Mr. Locke'in order, to
<pnly for the puprose of retiring
afford Mr.-. Locke an
type.. J
outstanding old preferred stock or
^
♦ <•/
opportunity to acquire a:
''//']
.
,
•
the assumed 5 % gold debentures issued
financial interest in the
by American, British & Con-/
company
in connection with the
! The type of transaction which the
employ-.
management proposes to pursue
tlnental Corp.,; now outstanding'In'the
; merit "of; Mr / Locke': by' the ^ company and • Mr.
principal, amount of $2,10pi000);
henceforth as its' primary business-is the
Locke's agreement • so
/ and called for redemption on Fob.
organizing and financing: to
serve, ', as production
1, 1947. A part of the cash require¬
manager, for a period; of: five years - at a >
of. new business .enterprises and tlie reorganizing and refinancing pt
ments of the plan will be provided
salaryl of ^$8,000 per- year. tThese share*^ were
by sales of the new preferred and
issued fot' investment
! existing'' business enterprises, including enterprises where, in
common under the
the.
;; and'not/foc^distnbutionr ?
'
subscription offer,otherwise, i ' //
•;
V
y
cpinion of tne management' of the- corporation, the correction of Sk
(2) 10,000'Shares'Were purchased on Dec.
■/'To* the .extent/that holders of.oid preferred stock .do
26, 1946 from the company
not accept temporarily unfavorable situation, through improving the organization
by-Gilleti & Co., at 5c per. share. .Such
any of the exchange offers, their shares
shares, were purchased by:
and business or
may be left outstanding or
supplying working capital or other financing should'
GiUen •& -Co.ffor. its own. accounts
/ may, at the discretion of the board of directors of
for4nvestmentr -i./
;
result in the corporation's
/
Equity, be redeemed
ultimately realizing, a profit on its invest- /3) 6,000 shares* are beings
in whole or in part
reserved : by the company ' for issuance
by the payment in cash of $52.50 per share, plus
mient. The corporation has
i to members of a
already engaged in. transactions of that
accrued unpaid dividends to the
proposed, executive committee at 5c per share,-in
date of redemption.-; Any
type
redemption
order to afford members of this
Of -the-.old
//'/;////.')//■ ////
/:/ ///.':f,;•''-•-< r;•'./•/ /•"/. ;'v ' committee
an
preferred stock/left- outstanding-will
opportunity to ac- /
necessarily depend!
quire a financial interest in - the
During 1945, the corporation acquired 96.7%- of the
;; iipon market
capital stock
company at- its
conditions, available .funds and other factors. AH shares.
inception. These
of Buffalo
shares will
be .issued
of old preferred stock
Foundry & -Machine Co., totaling 2'1,940 shares, at thfr,
On
condition
that. the
acquired pursuant to the exchange offers vyjll
recipients shall, hold *
them Akm- investment and not- for
vesthhate'd/neVaggfegalte^cost of
/ fee canceled, The .capital of Equity will be reduced
distribution.
/
'.
!
■- ? *
by the amount of.
$1,306,-170//
:/;Gri Pec; r20,r : ^946)) vths
/: capital represented by
On April 30,
/ old' preferred -■• stock now held in
1945/all of the directly owned physical "assets and
/ifs/trea3iiry / ) Ross-Smith, President and^Q^pany, ; issued a«4 delivered to A.' M. '
and acquired under the
director 90,000 shares of common
certain intangible assets of. Buffalostock..
exchange offers. There, will be an increase in
Foundry &. Machine Co. were- sold
:fin! consideration: of the, assignment
the capital of
for cash to the Blaw-Knox Co.
by ■ A; .M. Ross"-Smith *of ail of
Equity by the amount represented by the par value)of
for the sum of- $1,335,946 and,
on
his
shares of new preferred and
right, title (and interest in and' to a certain, contract
May 29/1946 (bur as of April 30, 1946) the assets of
dated
Equity common issued pursuant to the
1
Buflovak North¬
Novtf/6, *1946 '. between" himselfv* and general- Aniline - & Film
west Co. a, subsidiary .of Buffalo
subscription offer and. the stock offer.
Corp.
:Fbundry»& Machine Co., were sold;
to the Blaw-tKnpx Qo. in
/ It is contemplated
exchange for 10,385 shares of capital. stock <
tha'X'reg^rdless of the< number of shares of -&ld.<:'
of the Blaw-Knox Co., such stock then
preferred stock which remain
having a value of $279,097.*
outstanding as a result of the plan,_
Fe daers- Quigah
Upon < the-^aaleLbf the assets of Buflovak' Northwest
Equity may, as a part of the plan, through
Company,; tho
purchase of American
{
/ General $2
excess of' the' Value
of !the Elaw-Knox Co.: stock
Quarter Ended Sept. 30—/
preferred or the retirement of its own old preferred
"received over the;,
'
/
*•
19461945
stock, /
;•(

-

in

charge of export
operations,

it was announced

Jan.

on

2

■

,

,

j

,

.

.

,

,

.

.

„

-

-

.

...

.

.

v

.

^

•

-

.

.

;

•

-

.

.

-

.

.

,

.

.

,

'

,

>

'

...

.

*

.

•

-

-

..

.

,

,

.

-

~

-

.

H

,

.

,

•

.

.

CdrpJ-J-Earrtings^—

increase

to

the

of

American

General

$2

:

preferred

Equity's

in

t;Net-profitr-.-__-y.r_/^_„l.r-Z/_~t-^-/l

relation

»JEarned per. share_i_______—i.—

outstanding preferred stocks so that Equity would hold
v
Approximately, l share) of American General $2. preferred for each
outstanding share of old preferred stock or each
outstanding 10 shares
of new preferred. - Since
virtually all of the liquid assets of Equity
j < amounting, after deducting the amount required for the
redemption
of $2,100,000
American, British & Continental Corp.. 5%
gol$ deben¬
tures, to approximately $2,900,000 on Oct.
31. 1946) would be required
in order to
accomplish this result, current income available for divi¬
dends, on preferred ,stock would be
limited, assuming the foregoingrelationship is achieved, to dividends received on the American G4n-.
J: era! $2 preferred (or at. the' rate of
$2 per share for each share
of

preferred

stock

outstanding

and such dividends as
may be

General
stock

preferred

of

stock

American

and

General

each

or

received
.

the

held

shares

10

on

of

new

/Eased on); i.,2po)ooo; shares'of capital
the -5-^or-l; stock ,split, in October 1945,
V. 164, p. 1719. " '
: '
'
' '

V"-' V
a

>'

*,

'

•*'

'

''

Ero

EARNINGS

•

'f ''irt

'

*

^y,-164/p,

'

V

'7

\

A"

9

withdrawn.—V, 164,

FOR

9

MONTHS

ENDED

'

■

,

"

■

.v.;.

30,

*

'

*>-

/

*,

/

*

Can/inC. '&-

exc;

!:

rrransfer from jeserve---—^-«^H-T
;

t'
,

Cr96,096

for

reserve

postwar

-

.v...

The

of

The

to

the

in

corporation

but
the

the

41,666
part

$^14,393" ;

^

,

"V

S

279,568

$1.66

$3.27.

163,

by-The Aviation

Crosley
a

new

shares

Corp.

used

in

corporation,
the

of

of

As a condition

Corp.

,

Costs ,and

.

:A

M,V'w>;

-

\

V

-

-

9 Mos. Ended Sept. 30—
sales
—i.

jex^enses^.r

^Vvtri

^

f1

to

J

Miscellaneous
Doss

on

~

'

83,441

.

~

,
.

plant__»«_i>j«L.;«.^

■

^

7

v
'

Provision<for
'taxes.,

56,544,;-.

v

;

.■■

*

11,209

:89,633

(net)

;;*^aiming$

per

;<-•

>

£ *Qn 244,191
shares „capital ^stock.i par $5.
life insurance received."
,

>*>

"-

r

i^i?;^.pONSOJLiiD4TEb

tExclusive

ot'

C

.

>\-.-$l.3^:»

,

$293,404'

.

BALANCE SHEET, SEPT. 30/1946

*

-

T

-ivf

H

'

$1,326,126;! Dominion of Canada : Bonds—at cost •=
market; v$16,302.),. $15,600;/ trade -accounts
^receivable' and) '-'!
terminated war
contracts/less, reserves of ; $152,124),'/
$2,777,255; ;!inventories, $4,666,797;,! advances
to logging '
contractors,$19,813;. other assets, $194,658; timberlands
(net), $2,374,175; property,-^'
plant and, equipment
(net), $3,062,732; patents and licenses •.
(net),''
$120;855; deferred
under

,

charges^ $257,850; total/ $i4,615,860/
I -s LIABILITIES—Notes
payable' to? banks, - $2,400,000; ■
bapk loans nod i
Qverdrgft-r-Canadian subsidiary. $105,608; >trade
accounts payable, - $1,/^
256,258;
■

withheld

from

employees,*7

expenses; $168,682; Federal -V
State .and
Canadiaji taxes on-income—estimated",
$771,441;:. .portion of
long-term indebtedness
maturing within one
year,"$352,488; long-term'
ipdebtedheSs, ;$2,285,7T1;;- reserves for:
miscellaneous, .operating purposes,
$84,706,v capital stock* (par
$5),'*: $1,220,953; capital surplus;
$1,351,729;
earned
surplus, $4,133,491 r. total,:- $14,615,860;—v.164; P. 2017./'
.



;.

if"

U/;;

an

'

*

,

*$3,661),
Nil,.

•«*--'

,

As of' April 30,

additional'.papier mill.—:V. .165,

equip/

p.

>

.72/,

j

,

$95,708.,
1

$0.61

\

is .issuing

is

$3

and

is

Registrar &

payable,

on

or

before 3

an'

subscription price,

p.m.

(ESTi^Jan.

24

at

office

of

Transfer.Co.; Jersey City, N. J., warrant agent-.

i CORPORATION—Organizedin

Delaware

stock

oL the

the

June

26/ 1943,. under a
chaTrter: providing 'for perpetual
existence,, OriginaUy the name was
Fiduciary Counsel, 8,; A.; Inc'r On June 30, 1944, name was
changed-

iFiducjary.-.Managenjient, &.'? Ai?;Iqic/';and', on. May 1, .1946;; the,
corporatibn'adopted its present name. Corporation is registered under,
and is subject to the
provisions of the Investment Company Act o(

:

.

capital

the

of

capital

stock

\

acquisition, certain assets.;
manufacturing were trans-,
Motors, Inc.,- in exchange for

Crosley
stock

of

said

Crosley

Motors,

''-7

/

1946) with' the

Inc.

As

a

•//Z//v/

,

.approval of its stockholders, the
and outstanding shares of the
(then

known

.

as

to

of ^Fiscal

1951.

The

shaU

be

value

that

issuable, in
and

corporation

aggregate,

earnings

after

value

to

number

of

shares

instalments

each "June '30

thereof

/equal

in a number, not to exceed
determined on the basis of the

be

Counsel,. Inc.,
be assigned to

/.which,-taken, at. the
on

as

such

June

April

.^v/./ t/•//•.•;:•.

(1)

of

under

tha

of

agreement

the

shall

shares
net.

30„

Counsel,

the

after

June

InC;^corporation,^

Dec.

31,

194£t

including June 30,

1951,

per

share,

31.

as

the

earnings'of Fiscal/Counsel,- Inc.,
period; provided that the maximum

aggregate

to

and

$3

Dec.

or

Fiscal

stock

practicable

31,'to

of

of

500,000

cumulative

1946,

30,

shares

common

as

Dec.

30

the

of

soon

and

higher

from

the "net

the

case

book

be,

(2)

or

shall

may

the

for

preceding-

number

of

shares

not

exceed 500,000 irrespective of
earnings of Fiscal Counsel, Inc.,
further provided that in the event;the\

cumulative

net

prior to June 30, 1951; and
net -earnings of Fiscal Counsel,
Inc.; for any instalment period shallshow a-deficit,-such deficit shall be.carried forward to the
subsequent
such

to stockholders rights to'subscribe for

Buflovak

such

;,

period

period
;

of

The

the

t

aggregate of 867,420 additional shares of presently authorized
common.
Stock .at, the/rate of four-additional shares for each one
share ofcommon stock", held of record on-Nov.
25, 1946. ' The

to

.

•

A Fiduciary" Management, Inc.!—Stockhoiders'
/Rights—/'/'The-'-corporation7

stock

<S»

principal stockholders of Fiscal Counsel, Inc., were Jackson
Martiridell, Clinton Davidson, Raymond E. Hartz and. their respective.
families, which persons were the- promoters of the corporation andt
axe
also sockholders, directors and principal executive officers of tho
corporation.
The agreement, providing for such-acquisition provides;
that the corporation will issue to the stockholders of Fiscal
Counsel*
Inc.; in exchange for all of the- latter's-shares, shares of common

instalment"

,»',4v'*••*,• / ./;.'«•/**

of. the

a.

the

Foundry

30, 1946, after giving* :
payable in connection withi

majority

a

of

acquired all-of the issued
stock of Fiscal Counsel, Inc.

issuable

EARNINGS, FORr.9 MONTHS' ENDED'SEPT. 30, 1946
Ne/ income-after .charges
;and.'taxesj../^/—r
Earned per share oh 155,746 shares—.1'

.-^/I57;;p/1269/:V""/-'

Buffalo

of

of

Management
Planning, Inc.). Fiscal Counsel, Inc. is engaged in advising business
organizations as to the best means of
accomplishing various financial
transactions relating to the business of such
organizations, such a»
corporate recapitalize,ons. and reorganizations/It "also acts as broker
•or negotiator in the
purchase and sale of businesses,

in

Ferry Cap & Set Screw Co.—Earnings-—

,*

I-C-•'•):MS:

payrolls, payroll taxes, and; taxes
$484,731"; accrued .taxeg,. interest,. and 0,then

/ *

1945

$1Q6,368 ;
$0.65

.

ASSETS—Cash,

,v

a

s,

—

if~: Cqhoted'
claims

1946

—,—i

//Fernstrom Paper Mills Co., Pomona, Calif.
Stock
OfferedZ/Padfic: Co/ of CalifOrnia/ Lbs "Angeies, ion
Jan./
2 offered*: 2,900 -shares of' 5%
cumulative-preferred stock'
I at; par ($100). - Proceeds will be used to build
and

;

-'• -$1.31

r-

JX

s

/

.

";"c;

-,..$1.69

QuaTter Ended Sept.* 30—{

Nett; income .after/ charges; and, taxes™——.—,
Earned- per.

§hare_i.._,i/_
*'Loss.—V. 163, p. 1157. "

304,834:860,000"681,800.

r•

,

;

(

Cr60,590

share

company.—V./164, pi 132$.' "

,

.

\

$,563,938

/ Federal. Serew. Works—Earnings—

30,426"

=•<'.-

1946

T.

of the

62,699,

'■

31,

pe|p':common':Share^.-^//!.----/-.---^.-^-.-;---/^--;'- //, $1.15
R/ Lippard, President, stated that
shipment? have exceeded$14,OQO,000, and. surpass any 7peacetime record in the 36-year
history;
*

206,000
263,000

•

______

"

/».

-

,
>

10 MONTHS ENDED OCT.

*;Earne'd

v 60,04#

..

34,387

Federal' And ;forelgil^

Miscellaneous credits

; -

FOR

realized

of-this

capital

Net iKcome after charges and taxes.—

$1,258,131 ^$1;551,21^;;

•

>income'

on

-

ip,l;

?,

EARNINGS

.

1944

Inter-Co,;comm. .earned_^-._»^.—044,653

;

•

>\l*' *3/'

$1,201,586 " $1,489,119

Prov. for
postwar rehab. & contlng.
•

1

!$l4)805f843 3^1,599,5^

316,080

C

deductions

sale of

,

1945

Tfotai : PfPht,*^$749,916

interest.cixpense .d

i'f-' '

I

$633,836

income
.

;

Federal, Motor Truck Co.:—Earnings—

^...-,12,414,3&S( ;33,604,26?

T

Operating''profit'

-

1

1946

$13,048,135

j'et

automobile

Motors, Inc.,.al, ,$6,per sh^re. ">
,

Subs.).—Earnings—

r.pt

appreciation

of Sept.

as

amounts

corporation
.

profit

segregation of the Crosley Interests and in order tn
facilitate negotiations, the corporation purchased from1 The
Crosley
Corp. the aforesaid 41,666 • shares/:of. the capital stock; of
Crosley/

,

Evans Products Co. (&
•\

stock

84.8.%

owns

has

unrealized

capital

additional

Crosley Corp.

ferred. to

.———

reconversion.—V.

plant

this

corporation,

of

279,543,

------------

'.Transfer., from

The

Co.,-which: company

acquisition

2,373,150

/$463;029:"

Number of c&pitaj.sh&re§_i_-—279,598
Earned per shai'C-r
$5.71

and

•

The

,

■■.i?'..

'$1,596)542

$151,400

/ / //•//•'
during 1945, participated in a transaction between
Aviation';Corp. and" The/Crosley Corp., >' which resulted in - the

The

i.

—
^

to

/ the purchase of-Buffalp
Foundry, &, Machine Co. stock,

952,741

-

State¬

investment

consideration

359,295

* 922)000

:

$122,637.

transactions;

Northwest Co., .amounted to $495,225

'

.

■:

"* "1944■
,$1,744,465.. $3,287,543

,

prof, taxes/

these

on

Machine

<^orp(/-Earnings—Ended:Sept/3oL' i ''"'*1946/. ' '1945

after-:exp^nses/»rii^$2,422,446.

Fed. &

amounted

profits-

aggregating

corporation's

$6,965,323"

'
'

assets -sold

company expects to receive/ under the "carry-back"
provisions
the Internal Revenue Code, refunds of income
and excess

profit

1946

'

7;

the

of

such

cff

-

taxes

SEPT.

Amortiz. of emergency facllities---,

;

-registration statement (No. $723) filed with the SEC
Sept. 6.
covering 105,000 shares of cpmmon stock
(par $1)
lias, "been)
p. 1592,
'
/
»•

and

Months

Net-

* The
;

'

Federal* Mogul

-

ment Withdrawn-—
.

1082.

'

_

the shares of other American

"V*

'

Ipc.-ryEarnings—

:Net'-ihcomeiirli~---'A—•'.737,053

y

dividends, If any, on the common
by Equity (after payment of t the

*

stock' after giving effect to
tAfter charges and taxes.—'

,

"

*

^

.

cost

was recorded- on
the. books of Buflovak Northwest Co., the transaction
--being, considered.a nontaxable exchange. On the sale of the
assets/
of
Buffalo Foundry
& Machine
Co.
for
cash, Buffalo. Foundry &
Machine Co., sustained a loss, of $466,450, but'
as a result of this sale

$0.02

Sales

preferred)

Manufacturing; Co., CWcag;o—-Registration

$8.25

•:■'•••■■

Federal Bake Shops,

.

operating expenses of Equity). In conformity with its
practice during.
the past two years, .Equity is now
purchasing American /General: $2
preferred on the New York Curb
Exchange.—V. 165, p. 72.

,

$301,735, .' $27,781

.

•

7

-

.

old

hook

.

proportion

and

deducted

from

the

net

earnings

periods'. ./

or

During June,

1946,

of

the

subsequent

///•///

*

the

corporation

Woodland 'Farms," Inc. " (Calif.),

for

was

the

instrumental

primary

in

purpose'

-;

organizing
owning1

of

and operating farm lands in California, and with a
capital structure
consisting of 20,000 shares of class A voting common stock (par $10),
and-15,000 shares-of Class B (non-voting) common stock (par $10).

Corporation
common

securities

'shares
by
the

on

slock

$s140,000
df

in
of "

June- 20,> 1946,

of

Woodland"

Woodland

othdr persons

promoters

owns

and

Woodland.

cash/ such

of

Who
the

purchased

14,000

Farms/ Inc.,"

at

shaves-of the Class A-

$10

per

share,

totaling-

investment" representing 70%-of the voting
Farms, Inc. All of the remaining authorized

Farms,
are

not

Inc'.

were

affiliated

corporation.

operates about 20,000

At

acres

purchased
with

the

at

$10

per

corporation

or

sharo.
wit'ix

present Woodland Farms,: In©•
of irrigated land in California,

.

•

Monday,^ Jiatiuaryr- -13, ^i947-./^'
JP8
Foster &

.management and operation

^Corporation takes an active part/in the
jQjf this company., J.
,
. <*.u;.a-•
Directors
and ^Officers:
Chauncey B. " -Borland,

the creation of

authorizing
.
.

holders

Powel

Chicago;

O.;' Seymour H.;. Knox,
Md j Jackson MartmdeU, .Quarter Ended g
Cincinnati, O., M. T. #
Drofit

MhwaukeeV.

^vertingE.rBuffalo, Pittsburgh, William B Uihlein.
N.-Y.K Pa.; Charles A. Briggs, II, (Vice«-Pres.),
Charles
Young,
/New York and B. R. Bryant, (Sec. & Asst. Treas;) , Jersey City, N. J.PURPOSE—The purpose of this offering is to increase _thei capital

Earned

t> 3(y_

Li

$1.44

-V. 164,

p.

GM

..

reorganization 'situations

directors •. deem.' appropriatev -unaproceeds in one or more development^
such situations arise.—Vi l64,; p; ^957. 7

as
'•*

V

i'*

'.

\

1

...

h» n«prf

Earnings
'

Firestone Tire &

Rubber

underwriters./*

,,

c

Galland

72,-y

",v

WM

The

Cb.

4.

.

.

f i\

'•'&*/>■

38,569

3ri},4

;:5'131,968..Vf;u: 30,023^^;^^)
827,849;

? *Productiod affected by

;

306,436

k

GM strike whiOh began'Nov. 21,

r* o p;-

Trucks—i

and

'MP

p*

"1945,- and a ^

,

MP' g

4 ;•

. «'•

.. •' • June UIW UV«,TOV,passed the miliiont mark,"and despite
nv«* orders had ; iw wiv ytWUMVUUII miany Uliuc^
HHJ-'ejUO. U*.
filed v production has mounted steadily, and" more And* more units have been
plan.-^for.; placed>inAtheMuuids#f;'waiting^ustomOrs,:orders?in:the lastylialf of:

J.— -' .v.....

SEC Jan.

'cliiubed At;A; Steady-rate "of approximately 10,000 A

es

month.. r ^

. ...-

,

-

plants next
TTlYlflilia in the ' ^hPwbnlAf! v»okrt># fnr vT6i4Vno+lniv'
Unique
Chevrolet report for 1946, Mr. Keating'

,1*

Associates all the certifi

Bftderal tax provision.

33,266

,127,988

Trust, and; all causes—i-—.jassembly
of two new

(Net sales

fPJ

,

the /liquidation M:;;the-company.;MMMp .'MpMp'-lM .'
•- »Thd*order backlog,'.* he continued,','is - sufficient to carry through
onHi distribution, by Associates . «the year
distribution; hv-. AssonLates-i
»Th»- -mii.. h«v.irin» »► k«
,v. v.
8.% income-, f 12'/acurrent rate. 'Chevrolet's facilities will bs: expanded by producing at MM
•: the "months oti-passenger cars 15 months on trucks, the addition

Mar.;

Bsofit -after -charges—.-....—

40452

99,410
126,451

rTotal

J,^..
'
\ £
and jits-p&rbot, General Public Utilities Corp.,-;
2 a joint.application:for^^Approval -of:a

company

End
Guar. End
: -The plan
provides >tor the tmnsfpr
isna..^uar^£,na. .
.tv,0- nion .nrnwiH^e.jfor-yihrt transfer ■ and
31, 46 June 30, '46 Sept. 30,'461
to .General of, all of its assets, including -the; $18,612;700
$2,284,334 fe$2,929,290v/$2,563,242 { :%notes due,March. 1^1967,. of;Utilities Investing
545,449678,846
424,232
of action, both;legal and 'equitahle.
r
„
-207,200.257,800
General, under the; plan; would transfer; to
,155,000
cateS, of beneficial interest-:in; and ,all notes payable-,of,

Guar
yuar. End
jsna,^uar.

•Qiiar

period—

A

^WM

w*
H

»

.,

with the

^ iFirth Carpet

:v

:V

,

oa

ol<the;:414,000

1,11972,*^540,000;00r 20^dar%
4dgb^kintfes^aiie!aftly4 - t
Stock (par $100) and 1,950,834 > shares of common^ stock- r r'> OS1' $25)'. '•
.'i (par
» •
tinn '
P,

36,338

28,914

101,291

{December*

y

21,669 ;■

75,052

November ;

i

&& Total:

3®,000;000 ^debentures' due "Jan./
165,

3

adversely
into new ;
quarter

32,601

61,858

September
.

*578

41,658
62; 055:

October;-^,

v-

I

%y*o
:v

,

p«r{nrf

Slidire and accrued dividends of/250,OQ0y^^shares;'out
^
iSi^ares Of 4Mj 9J» series preferred stock presently, bptbtandingi . Capital

.mrtV• •'

175

April
May,;
June *
July
August'.-;

.;

\v.

coupox

; 4 .A'

,{

/' February
March

vT'J v>

Trucks

v>;:4,;*0
,

earnings.

-from the sale of .
/redemption at: $105 per ^

-

x

-

t-p-- 3

SEC

Issue of

i!$ttis ti Co. are named as principal
,
:
-The net proceeds to be received by. the company
■these debentures are to Be. applied to. the

ir

,,

>

v.; k

Cars

January

'

(

in

truck

Month

"

—

" 1944 •; .•

■

Truck

Chevrolet, GMC
producing for the Armed Services
Se

were

Following is GM's total car and
'

$237,036

f{jr the company states of ■ 1945. 4 third ' quarter r;y
third quarter - that the 4 : v,
The
earnings were
affected by .a,'three-week shutdown during period' of moving

Co.—Registers with SEC

on Jan. ^7 placed^•;in: registration with , the
5-year
$25,000,000 25-year debentures ' due Jan. l;: 19.72. The
^Bftte will be filed by amendment; Harriman Ripley* & ;Co.,

1945

;i

• •

Canada

GM: of

the United States:

jPori;the;buar^^br>4®4*^R^^ ti946f'net 'profit ; was $56,282 • 01;

153, p. 1425.

,vThe.; company

*After

.

*107,964

2,360,659

1941.

>$270,269
$256,575 j' -v
shares outstanding„--»^i( r;
299,129:,;,iii:29&;i29
' 299,129 p. :./;
per common share^-—i*-.$0.68;_- 1*; $0.90 - 4
$0;86
depreciation, reserve for contingencies, provision for Federal-4 s-;

income-taxes; xetc.

PYnansinmnfthp hufiiness.—V.loD, p.

in

0 Months ———; sept/BO—
Ended
profit

Net

Common

of America < at

Co.

Ktock Offered—A block of
?i»on stock (par $100) was

will

-1946

*

"■

.

Baltimore, Md.—Class A ;
750 shares of Class A com-»
offered late in December at?
$$10 a sharei 4 Unsubscribed shares were purchased by
louis Eliasberg; President, at offering priced/Proceeds,;
Finance

'■/:/r;
kX
1 GabrieF Co.—Earnings—: X„''

.

and Canada-

*IpcludedTn^thes^ totals are trucks which

Coact and

•

-

.as. the

51,772

1,186,057

Canada

of

'44
^4;

*111,382
yj 2,421'

2,439

Total XT. S.

corporation may expand; Its operations
and reorganization financing. Assuming

bonds In - such... proportions
Ultimately, to reinvest such

Coach

2153.

amount considered;

to an

33,850

Coaches

1945 M
desirably by the directors ^ ^ v Fuller Manufaetiirinc Co- Earnings—in the field. *U14er iVianuiaciuring ^ir. Earning^
.
of development
all of the
/ 9 Months Ended Aug. 31— f: ,
, '
j1946 . . . $6,259,466
i
188,805
rights evidenced
by the * subscription war-rants arev exercised, the-,);. Net sales
—
$4,717,538 296,787296,847.;
proceeds from thi sale of the shares of common stock, after deducting//> Net income after charges and taxes^-^_-~~-,.:-^• /;,192,725
$0.64
$0.65;
$15,560 as approximate expenses of issuance and distribution,, will- be;.
shares outstanding, t--—'—'——1
approximately $2,586,699. It is expected to apply the proceeds to the ; ; Earned, per share-__.__:>_i-i————-4)
.purchase of, general market securities and United States Government
: v—V. 16.1, p. 2659.
;
?:ZV /1,!,

,pf the corporation
jp order that the

316,251 1
\Z 59,572 i;

28,444

GMC Truck and'

500,000 '

/

4^,; $0.45

share.

per

........... .......

.

;

282,087
230,701

156,080

Cadillac

$226,811

4-

*320,411

114,674

Buick

1945 t

1946

-

270,147
:131,538

Truck

,

MM:

■

397,113

Chevrolet-Passenger

Oldsmobile

$721,610

'if;

Following is a comparison of GM c£irrand truck production for 1940.
!941 production; ,
! Year 1946 Year 1941
929,870

<

<®s comPare^
Pontiac

500,000

Z- * After taxes and charges.-

stock- ';x

$1,250,000 826.funded,
V. 164, p.

not exceeding

to be used for expansion and working capital,
'
(Peter) Fox Brewing Co.—Earnings—

York; • Charles R.
Hook, Middletown,
'Buffalo, N. Y.{ Glenn Li Martin, Baltimore,
,(.Pres.-Treas.), New York; Stanley M. Rowe,

New

Expansion—P.

A preferred

consents from Class

Davidson, (Vice-Pres.), New York;y; debt,
Raymond E. Hartz, (Vice-Pres.) f.v,

Ctosley. Jr.^ Cincinnati, O.; Clinton
Earle
M.
Elrick, Rio de Janeiro;

Bonds to Finance

Kleister Co.

in production

record Wolume/ attained'

the

was

Associates;?

nhlrtfA/l '• .'out.
pointed iwrti#4-'
and;' distribution ef

.certificates, are .not • to -be automotive"replacement -parts.","
*,
to be
Associatesls -nqt'to be terminateduntil,"More Chevrolet* parts were produced last yeat>thaii at ;'any. previous
pepding r!n;,Massachusetts;! toy =which Associates
finally determined, .or the. plan of: reorgaidzation
Electric As8ociation' .Co.. .is.-consummated
The4 directors on 'JarR. 6; elected us ''ViCe-Presidents "of the* corpdraUo!?" *M
Gordon,' General Manager of the Cadillac; Motor Car IMvisioii? VaV fr
Power CoV

$238,249,
to 60'S The notes, payable/are. to be caixceled.' ;.The
;Net pr6flt,i-;^r_-^^-^^^ir;;:V $269,232 , . $421,046.,
*
canceled and theexistence of Associates is not
./■Sftrned. per- shares—-r—£~•*'
—' J *
•«"- ^0.80.v <
•. 'canceled ahd the'existence of
/For the nine months ended Sept; 30,- 1946- net< profit.totaledv$l,028,-r ;/; certain litigdtion^ itiav}
587, equal to $1.84- a .common share::' Netksales for the; nine months:
is a party,. is
$7,766,866.4--V. 164,-p., 1207,
New England Gas
,

titm

1946^-Month^l945

Feriod End. Dec. 31—
•

is
Sgles
■-*#.
'■

'

Co.—December Sales Rosd 14.5 %p
1946-i-12.Mos.—1945.1

(M. .H.)/Fishiiian

-

$1,454,019.'. $1,270,056

'

Grosg

$8,415,288 $7,230,341

,

Gatlneau •
'

'

"

"

John

;T>'

SO^JIT1946—31^8.^-1949 J,

| cPeriod Efhd.4Sept.

v-

«««

Q,
♦Net

profJt;^U-.£ $2,754;667 - $2,48d,530
income _/I/_—___ ;;721,477 u :635,060
.

<

F.

Ollie

194(^'ilb$^iM5i:^S

V.

$8,349,225 ^803^07;^
2,255,7481 . 1,973,801/ 5

Badgrey" General-

Mana$er(bf the* Delco-Remy

sdefick- G.- Hughes^General ".Manager

DivlSionr Eti-i

'

Fiigidaire ;DivisionfUaitit T *5;

General'Manager, of ; the

R*.y Godfrey,

rd*

of the-N e w; Departure

Divlsioni, ¥

:

9- 3143.

Flintkote Co.(&
40 Weeks Ended—

*

-

Subs.)-^-Earnings—

General PJywood

i't

$38,721,624 $28,893,869. $28,717,532.
;LJ—,* '4,308,755 ", 2,822.619 5.3,905,178

^Wl, '-8tate.de- foreign -

^

Resvere for contipg.—--

—

-

'__

$23,368,013
~

150,000

100,000

per com.

income taxes (est.)—

$1.04

$1.09

$0.88

$1.98

Share^

Earns, per com; shareJ,
$1.44
" *'After deducting depreciation,
charges; etc.—V/163, - p. 2725.

centsy
for
3143..

fit''i

; Follansbee
'9 Mos,

Steel Corp. (& Subs.)-

End.Sept. 30—■

tNet profit
"Loss,

——rT>„

/f.s/-1945

"1946

,

tAfter*charges -and; taxes; *.-i -.

Fqr the three months* ended Sept.
after taxes and charges, compared
period of 1945.—V.: 164, p. 826.

Fonda> Johnstown

/Net rev. from ry. op.
income tax.—_
ry, tax accruals-

Eqderal
Qther

$78,047

$74,475

64,280

53,464

$13,767

$21,011

4,000

6,000

4,177

,

.

v

Earned per share
♦After all charges

$207,705
33,516

;

and taxes.—V,

charges.

after

Net

Federal

per

♦Computed

$273,124

-

The? $1

20,890

27,106

order.

arrange

to

However, they ears
as

always as near

1,041,594

*

$1.07.-4*: $o.69»

, -

5

»

'V^;.

m

electric

stock and 5%

Output—1| ||

Utilities Corp;—Weekly

output

of

this

amounted to; 130,193,013

.-$0.76
/

'

.

; v
-

corresponding week a- year* ago?—V.'. 165, p. 73.
^ * « fix ' < Hf J. hfp'i- -•(
General;Railway Signal Co^EarningS—
1944
?■'/<* 1945

9 Months Ended Sept. 30—
$. Net ptoL. after all chgs; & Fed. taxes
tBarning8 per- copnnoq share-——,
■

fOn 321/000'

M

for the» week 'erfded "Jan. 3#
kwh.j an increase of 16,496,631 kwh^

company

$793,6465^5 or 14.5%;, over the
1,040,964»
/r,
5-

- 1948

$96,981
$0.02

$2.28

;

,

v

$730,691

$842,563

^

V

$1.94

'

shares.—V. 163, p. 2156.
-Annual Report—

$273,728

—

share basis of

present

* .)

isitt

alphabetical

passible A.

General Public
1947;

-1944

' $.0^42563,863 common shares.'

share-—-—————-——~—-—

par'common

-•

position

stated in part as follows:
V
The consolidated net income for the fiscal year ended Sept. 30, 1948
after debenture interest requirements amounted to $756,117
<4ftq per
share), which compares with $615,599 (40c per share) in the prior
year. These amounts include net securities profits of $34,184^ in th©
fiscal year ended Sept. 30, 1946 and $377,473 in the fiscal year ended
Sept. 30, 1945. An unusual credit of $797,422 appearing in the con¬
solidated income account for the year ended Sept. 30, 1946, but not
Edward F.

on

,

-i

ii

ii.

it is not. always
companies in exact alphabetical

NOTE—'For mechanical reasons

possible

,

The
r;,

146, p. 3290.

66,000
39,152

'44,387

.

'

profit

Net

«;

,

■"

taxes

•Earned

.....

,

General'Builders Supply Corp; (dr Subs.)EARNINGS FOR 10 MONTBS ENDED OCT. 31,

1940—11 Mos.—1943
$858,789 - $849,409
651,084
■
576,285

-

1,874

1,041,594

capital shares

No; of

•

(& Subs.)4

.

• r..

3,491
2,291

.

,

RR.—Earnings—

1946—Month—1945>

...

*30,-'1940 ?

_v—.' );.$9oo;iOT'1- '
shares—P'J' $3.00 f*
. *
(-. ■
,
A ,;V* - i 4 .e i > ;
•*"

'Mi

Transportation Corp;
..." %
' Quarter'Ended Sept".*30^- T
1946 .5,
1945
MP $1,122,253 " $722,980
♦Net profit;
MM ■
M

30/ 1946- netof'$4/120was $398,693/
income for the like
A loss
with

& Gloversyille

Period End. Nov. 30—
Total ry.»oper.- revs.
Ry.
oper.
expenses

$636,190

*$360,15% (
. -

_

.1943

j,

1944,

f

-?-VT. 1641".p.5'2409,

$1.06 • \$1.07
depletion, "amortization, interest

General American

•

300,000 common
v:-w
, -. r. ,i- , ,.

on

;VvV:.{:V^

$1.02

Earnings— •.
.

;$140,44

$673,648

.

Net profit

cmMon shares outstdg.

yAfter, depreciation, etc.
iNet1 profIt-for-the 12-weeks .ended, Oct. 5, 1946, was $800,860,.or
60 cents a share on the common,-comparing with $332,812, or 25
» .common share for the
12 weeks, ended-Oct. 6, 1945. Net sales
til? >12 .weeks totaled $12,549,764^against $8,64.1,747.-rrV. 164, p.

Earnings per share

$5,01?,418 $2,663,773 Tb;74£938 $2,160,395
2,002,609 1,921,300. 1,982,700 - 1,385,009
$3,008,818 $742,473* # $764,238. .$775,395^
2,009,709: * 548,321
539,222
539,221

^^

■^

40,000

^'
■igrns.

.

;POR; 'QUASTER^ENDED SEPT.
Charges*: and * taxes-"

EARNINGS

Net salts

*Brofit

Corp.—nEarhlngs—

........

,

'45 - Oct

Oct; 5, '46 « Oct. 6,

cumulative convertible

preferred

Wagner,

President, on Dec. 5

of the amounts
Hotel mortgage and
parcel; of unimproved property over their March 31, 1944 appraised
43,994
Br461
43,262
Qther
income——
values. A provision for Federal taxes on income was not required for
General Motors Corp.—More Passenger Cars Produced
{/the past year because of losses deductible for tax purposes.
,
. * 1
$191,076
$145,959
$8,769
$5,786
in December—
Total income—•—«—
During the fiscal year ended Sept. 30, 1946, the corporation pur¬
25,447
-30,297
1,083
1,255
Miscellaneous deducts.—
A-.year-end .'summary of General Motors passenger car and truck
chased $993,500 of
debentures at a cost of $816,710 and at Sept.
17,745
15,572.
1,438
1,396
Fixed, charges
/ production in the United States, C. E, Wilson, President, on Jan. 6
30, 1946 it had in its treasury a total principal amount of $1,639,508
A
*' ■'■ r*d,• -;V- •. i-i'
revealed that in 1946, GM produced 827,849 passenger cars and 300,438
Which it had acquired at an aggregate cost of $1,274,070, reducing the
$147,885
$100,090
$6,243
$3,135
Income after fxd. chgs.
trucks,, or a total output of 1,134,285, .
'
• outstanding debentures to $8,908,500. By the terms of the indenture
Contingent interest on
Passenger car output in 1946 was about 45% of GM's 1941 total
under which the debentures were issued,
the corporation is required
24,857
24,857
2,259
2,260
funded debt
output In the United States of 1,818,481 cars, while truck production
to set up a purchase fund amounting to 50% of earnings as defined
about 70% of the 1941 GM truck production of 434,214 units.
vlp the indenture in excess of debenture interest j requirements, , which,
$3,984
$75,233
; $123,028
$875
Net incomeCommenting on GM's passenger automobile production by months ,
must be used in the purchase of debentures. The fund to be set up
Depreciation (way and
in the U. S., Mr. Wilson pointed out that it rose from zero in January
of Sept. 30, 1946 is in the amount of $378,099. The purchases
34,855
36,439
3,517
structures and equip.)
of 1946 when GM's automotive production was stopped completely by
/ previously made are in excess of this requirement.
>* .t 1
^-V. 164, p. 3290.
the UAW-CIO strike, to a high monthly production of 131,908, achieved/
The corporation
has continued during the year to seek attractiva
in December. 4
Z well located properties, with a view to increasing earnings and pro¬
."In the first three months of 1946 we produced only 178 passenger,
Foremost Dairies, Inc.—Takes Over Tenn. Concern—
viding for future
development, in February it was the successful
because of the UAW-CIO strike," Mr. Wilson said.
"In the second
bidder for the purchase of the 17-story apartment building known
Rale'.gh Carroll, President Af the Carroll Ioe Cream Co., of Fayette-!
as 101 Central Park West,
New York, N. Y. In May, it took title to
/land third quarters of 1946, our production was limited to 441,324 pas¬
vfile, Tenn., on Jan. 2, announced consolidation of that Company with
senger cars because it was during this period that the great majority
the
Court Square t Building,
a 17-story modern
office / building in
Foremost Dairies, Inc., whose general offices are in Jacksonville, Fla.
of the 708 strikes among our suppliers in 1946 was affecting us most
Baltimore, Md.
> 1 ' *
The Carroll Ice Cream Co., in operation for twenty years, uses the
f seriously.
4
:#/ Refinancing of the mortgages on 444 Madison Avenue and 19 Rector
trade name "Bluebird."
.
*
'
"In the final quarter of 1946 we produced a total of 386,347 pas- >
Street, New York, N. Y„ for a long term of years has just been
Paul E. Reinhold, President of Foremost, said that Foremost Willi;
completed at favorable savings in interest charges.//--v r
•'
/ senger cars, or about 85% of our 1941 average quarterly rate.Our/;
continue to serve those cities in the famous Muscle Shoals area which/,
production in this quarter was held below 1941 levels primarily-be¬
YEARS ENDED SEPT. 38
■hove been using the Carroll company's ice cream for two decades,
/ r cause of shortages of ; basic materials- which resulted from earlier
CONSOLIDATED INCOME ACCOUNT FOR
1945
v
1946 t:Z
These
cities, Mr. Reinhold said, include Florence, Sheffield, Tusstrikes among suppliers of these materials."
' -'r'"'
$824,668
$1,145,978
oumbia, Decatur and Huntsville,.
-v.;
Mr. Wilson said that the recent 17-day soft coal strike has caused a
Income from real estate operations
-626,542
218,621
Foremost now operates plants in Texas and Louisiana, in addition
shortage of materials which GM had been planning to use in its Janu¬
Income from other sources
to plants .in Florida, Georgia,.; Alabama, Tennessee, North Carolina,
ary
production, which,- together with shutdowns for inventory, . will
$1,451,210
$1,364,599
South Carolina/ Pennsylvania and New York.—V. 164, p; 3143.
V % result in output for this month falling below the rate achieved in the ) ;/ Total income • —
231,970
236,205

Not rents

(Dry^^M^-

'

Net

ry.

oper.

income-

$3,716
2,070

/Zi $9,230

stock, par value $25, was
Exchange at the business

$102,697 :$147,082

the New York Curb
1947.—V. 164, p. 2958.

admitted to dealings on

opening on Jan. 6,

included

realized

figures,

consists of the excess

in

the

above

on

the

disposal of the

^Barbizon Plaza

a

,

-

.

.*:

;

.

..*

1

.-

.

was

•

as

cars

•

:

„

V

-

-

months of 1946.
V
appears that the continuing shortage of raw
limit our production for the first' six months of 1947 to
the rate of production in the fourth quarter of 1946," Mr.
"After that, if there are no recurring strikes in basic

/ last

Fort Pitt Brewing Co.Year End. Oct.

31—

-Earnings—

/{..

Profit after charges.
Tftxes on incomeNet income

Number

of

Earned

per

w/V.

capital
share.

.

1946

$1,872,444
861,142

three

"It

1945
$1,634,415
1,223,640

1944

V

$1,530,921
k

1,136,969

.

approximately
Wilson said.
industries and

possible to increase our
production in the second half of this year."
' ) v. '< - /
-1
Mr. Wilson said that all of GM's five U. S. passenger car mann-/
facturing divisions, would be In production on 1947 models by the

more

$412,775

600,000
$1.69

t

$393,952

600,000

$1,011,302

600,000

$0.68

$0.66

materials will

now

materials become available,

middle of this

month.

it should be

Administrative
Int.

expenses

4% inc. deben.—;

and amort, of exp. on

Provision for

♦Income

before

Net

income,

♦Earnings

per

$756,117
797,423

credit which, follows
of mtge. rec. & real estate.

to earned

surplus

share

;

161, p. 985.




:, 187,500

contingencies

taxes and

Credit fr. dispos.

•

416,141,

372,276

/

t'lt*

r.

$1,553,540
'

'

$0.49

/

$615,599

•

$615,599

,'Z $0.4O

/

Volume

165

Number 4559

THE

COMMERCIAL & FINANCIAL CHRONICLE
209

Z.

i<

►

■

CONSOLIDATED

•

BALANCE

ASSETS—

•

Cash

demand

on

Real

and

deposit and

hand

on

estate

Invest, in,

advs,

to

•Improved properties
tUnimproved properties

Prepaid
Other

and

expenses

assets

est.

not

cos.

;

charges—

—

'Real

estate

Interest

•

on

346,226

As

512,535
Y7;

9,502

7V.

received

'Y'
V

7

Capital
Earned

'%

10c

,i

—

30,

-

business

$75,367,861.
Of this
business, leaving net
>19%

increase

1945

in

duced

which

615,599

mortgages

$15,910,470

payable

p. 2156.

during this

Earnings

its

153,207

of

in

1946

$15,810

V"

was

after

totaled

1946

of

15,984,926 pairs.

■

to

one.

Current

liabilities

pro¬

consisted

of

issuance

proceeds

issue,

from

thus

of

$3.50

a

which

debt

bankers

on

being

issue

rights

a

by
capital.

resulted

in

increase

an

A small building
of

in

worth

net

of

the

should

be

of

of

1947.
shoe

the

«>X

with

this

for

de

Discount
Net

Btock,

sales

on

which

for

community

is

expected

to

For

*

the

'

-

'

before Federal
Federal tax provision

'

-i——

1

2958.

taxes

1945

—

Goodrich

<■

Cuba, it

8.559,476

here.

was

———

.1,812

2,207,123

.-—

<

!

—

:

--

1
——

naH'Ioft

a??

*»08?'405

•

$j.io

———————-

„

Y

:■

Yv:.

U. S.

•

■

manufacture
the

oi

2,026,810

'

—

—

for merchandise

res.

erable

at approximate cost——
materials, work in process, etc
Capital.stocks of other companies -—a.——-employees stock purchase-accounts

2,W5,709

^secured

5,214,070

,

60,499
•

.

*

1

Sinking fund With trustee

"

-VfSTS
Property,- plant and equipment». ->571,918
Ooodwlll, patents and . trademarks----—----.;,', 7 7. 1

-,

^' '

i SUABILITIES— .*.

77..'.

;

■;•

.>

.

..V

,
v

i

taxes

—-—

————

retirement————.

on

.

.••7v:7r."

ihcome___

TPreferred

stock

stock

(99,260 shares no

x';

,

•:
-

———r-7;
par)

Ol0>85?

-200,000
35,617

v

s

debentures, due Dec. 1, 1959——T+My?.
retir. (1944), insur. & conting..«.:.

cum.'preference

37,950

—«•
f'i 5,000,000
224,389 ^^179,250

5,000,000; .;,'
,

496,300

.

,

—I

fi
*J

eur5ns.^—

496,300

,

for

•includes
tAfter

U

taix
S-

notes,
Govt,

———

$450,588 at Oct. 31,
tax

notes.

$2,397,190

i

farm

Y

7,..

„

foam

cushions?,

of

tanks

•

and; E.

A.

Doerschuk

.

,

.

{•■.

1945.
ftnd

,

„

,

.

,,v

v

as

retain,
business,, which

implement

well

as

farm
of

a

machine
number

implement

business

and

the

of other

it

after

was

'

earned

of

the

farm

a

■Y
3

,

Net

from

from

The directors believe that the
agreement

.

•2,593,274

,

1943

5,474,654

4,693,835

.

35,487,466

46,720,808

70,122,969

-21,634,501' 29,115,484

28,736,275

70 536,621
25,674,588

Corp./ San Francisco—Files with SEC

(

from

its

stock

outstanding stock

2,488,843.

2,487,902

2,587,744

512,060

534,957

2,614/516

income—146,475

94,026

/ 600,196
143,994

railway

at Willow Ruh In the

r

$238,"646

-

34,911

971,796
563,869

^

^

(Including Domestic Subsidiaries^.

<

9 Months Ended Oct. 31—i

;

1946 Y Y

: ~

-----------

after

charges;-!-™——
on
income—(

Federal taxes-

YYNet.

capital shares

Earned per

Ltd.,

a

above

1944

$3,018,829- $1,888,041

—Y—

589,142

share———-_w-~

NOTE—The

1945

$52,854,924 $43,607,893 $43,979,798
4,868,829' >3,648,038 • 4,196/868
^ 1,850,000
1,759,997,7 2,464,550

Income---—-1—/Y——i

Number of

'

-'

:

$5.05

$1,732,318

598,142

t

•

:

598,142

$3.16, y: Y- $2.9o

figures exclude operations of
Metropolitan Stores,

wholly owned Canadian subsidiary whose net
earnings expressed
States exchange were
equivalent to $1.17 a share on

United

(tin

stock

of

H.

L.

Green

Co.

in

the

the

nine

months

ended

Oct.

31,

1946,
making a total of $6.22 a share for the combined
companies in that
period, as compared with $3.97 a share in the first
nine months of the
preceding fiscal year and $3.64 a share in the

'

nine

Oct. 31, 1944.—V. 164, p. 3142.
7

Y"

Greenfield Tap & Die Corp.
Period End. Sept. 30, 1946—
7/:"7
income after charges and

Net

Earn,

—V.

per

sh.

on

230,000

165, p. 74.

„

>■

(& Sub.)

"(.'

1

months

7,

■

Earnings— Y 7
3 Mos.

"

taxes———i.
$290,625
shares-l—- '! V- $1.26
Y.? ;•
;7 \v(
.;

9 Mos.

$736,050

common
.

ended

-•< ■

.

-

$3.20

.

'

Grocery Store Products Co.-Earnings9 Mos. End.

Net

Sept. 30—

income-after

and

SaV-"

48,302
} J, '

«

railway——

•

%^1'elfect sut^tafttikl

1943
.Y 81,384

Income---,

Sales

.

the

1944
'

(H. L.) Green Co., Inc.—Earnings—

Net

$207,000
30, 1946.

1945

$194,282
21,254
*3,565

*

Y

The farm

"

$211,093
55,633
Y
18,394

•Deficit.—V. 164, p. 2958.

(

manufacture
of
the
attachments therefor

'

From January 1—

;; Gross from

been

equipment.

-Earnings—

1946

$243,692-

-

railway_____'Y. Y; 81,608-

Net ryi bperi

•

>in£s by-concentrating all automobile
production

1944

2958.

p.

railway

Net ry. oper.

crews

250,000 shares

be 21.05%. of

,

Green Bay & Western RR.-

■

aggregate of approximately
before Federal taxes In the
period from Sept. 30, 1946, to Nov.
addition to this business,
Graham-Paige will also increase
interest in Kaiser-Frazer from its
present holdings of
Kaiser-Fra2er.

\

'

1945

4,645,502

November— 'Y■
.Gross

consid¬

the

In

of

)/' vr'

$15,395,618 $14,307,894 $16,439,251
$17,303,603

"

an

7 to 1,000,000 shares; which will then

e%

-V

$1.20

997,480

an¬

'

protect

have

■»:*;

includes

"KS *

tOn

Y"

.

,

-

marketing of
items

etc.

'7

company on Jan; 3 filed a letter of
notification-with the SEC
220,000 shares ($1 par)
common
to be offered at
par withbut
underwriting. ~
'
Proceeds — *
will be used for
plant expense and
working
capital.
7

"Y'Y:" Y7- Y;.''--;7Y,-.\ 7. 7:
through a wholly owned
subsidiary, its

will

>

taxes,

$1,200,585

Ry.—Earnings—

railway
railway

Great Western

material-—

shortly

diverting

to

' ••

;

•

$20,227,103 $16,048,106

$3,206,412, at Oct.
iqdfi .and 1945. respectively., fRepresented by
50,000 shares no par.
f40c. per-annum cumulative.—^V. 1W1, p. 278. •; "
7 t. ' 7 ?. »: v*•>•<*••••)




latex

lining the interiors

H.'. Hackett

Graham-Paige
Rototiller

6,173,819. ,4.612,897

——.

-—-----

of

.

"

'

halted

by this company,

;.y. y-y\

$1.31

7 for

■

7

:::::::::

Total

resumed

was

per

1943

-

$1,310,951

$0.85

.

Federal

v-

1944

$851,707

1946

•Deficit.—V. 164,

v

•

■

Earned

:>■

i-

-Net ry. oper.
income—

7::"

The stockholders.will vote Feb; 5 on approving.Mi
agreement entered
into with Kaiser-Frazer
Corp.
V.Y'' Y v ,Y,,/ Y
;
in
brief,- the (agreement provides that
Kaiser-Frazer will issue to
7 Graham-Paige 750,000 shares of
Kaiser-Frazer common stock
and will
agree to pay the interest and
principal of the outstanding 4% convertible debentures of
Graham-Paige, due 1956, amounting to
$8,524,000.
In
exchange therefor, Graham-Paige will
transfer to Kaiser7 Frazer the automotive
assets
of
Graham-Paige, plus $4,250,000 and
certain other assets
(or cash ,in lieu thereof).
Graham-Paige will
remain liable,
however, to pay the interest and principal of
its deben,: tures in the event that
Kaiser-Frazer fails to meet its
obligations to
make such payments.
^:.Y ;/ ;

-■£^
$438,476
$486,765
?,
101,054 l
76,251
7\ V*'' 6?7,885

-Rwerves-for
>•*$3 50

,

become

>

;

•

>

————:

—

payable
for employees'

use

$1.25

.

Y

,,

Due to Officers and employees

Havana,

Graham-Paige Motors Corp.—To Transfer
Automotive
Assets to
Kaiser-Frazer^'.'xr *■»y/;fZY'1 •;' 'V': 7(,7!y; 77 ^7;

v.±

,

-7-;!

i:

-

$20.227.103 $16.048.106

Accounts payable

for

commercial

.

1,169,226

•.

(

'

•7..

leSS

...

;

depreciation,

The

for

of

oper. income
3,550,324
2,832
1,893,099
251,298
January 1—
N
...
•
Y
Gross from
railway.™ 154,346,171 188,059,301
191,699,459 181,155,018
Net from
railway

largely credited with

•Y^-Vi 164;fp; 2691» Yf> Y'-YYY
1 7-'- ,-('7;'

,,

$1,61

.

;

from

.

'

871(057

*

—

'

depletion,

•

; From

apipointed
Assistant Treasurers. Mr. Hackett
became associated with this
company
in 1930 and
formerly was Manager of the insurance and
real estate
department.
Mr. Doerschuck,
who has been with the
company for
Y 30 years, was General Credit
Manager at the time of his appointment.

<^969,807

,

5,968,314

7

at

$

Subs.)—Earnings—

1945

•

$1,607,257

Net ry.

Fiala, manager of the company's Air Cell

•

tProvisiOn

77

A.,

7YyY$y^

.

amount

Warren

;

Raw

Cubana, S.

is(Two New f Assistant Treasurers
Appointed—

.116,304

for bad debts & disc.)

5 Officers arid

Net

Net

1,784,512

/

>

construction

Being Made Again—

war—has been
9 by A. M.

Jan.

"from cuts and' bruises.

:

Finished products

liabilities

Goodrich

Introduced in1194flf 'and
"widely used for bus," train ftnd: auto seats,
foam cushions have
millions of
inter-connecting air cells which
enable the rubber to
"breathe." Early in 1942 the
government placed
restrictions on the

1945

-—--—.-—-----1

securities

Govt,

receiv.7(afte"r

same

latex

'

share__

Great Northern

in

r

701

com.

(&

1946

November—
Gross from

production .of latex, foam cushions and
upholstery

since

start

Sept. 30—

capital stock.—V. .164,
p. 2691.
" "
\
;

'' *.

'

^

postwar tire—the one that B. F.
States within six weeks after V-J

United

Y: '■

.

,

Produced

have

use.

7777:;,1946.7.

'> v'o

hand

on

•U. S. "Government

.

•After
snares of

available
that the parent
company has virtually completed its
program of changing over,
molds In its American
plants, it

division.

,

CONSOLIDATED BALANCE SHEET, OCT.. 31

\

AflflFTP

American

the

Compania

-explained.

first

$1,110,749

y

in

This means

The

-

3,174,200

82,775,372

—

first

at

Air Cell Cushion

107,020

(

started

was announced on Jan.
4.

intensive

5,770,961

306,917

the

as

introduced

Curing molds for the new, wider tread
design
enabling this tire to "outwear prewar tires"

$60,451,866 $50,726,617
46,631.778 40,501,269

—

7 3%

$0.17

Tire

Production of passenger-car- tl^es
embodying the
and

$60,369,235 $50,685,739
$2,431
40,878

„

Co.—jptfstwir

„

dividends

Common dividends.
Earned per /common share

Reserve

$1^4

$

dividend

profit--.---,---^—

tEarn. per

555,953

;

I'

the

on

9 Mos. End.

$96,109

555,953

^

A

•Net

7

$636,250

y'

yt 4

Great Northern
Paper Co.

282,902

•

design

.

income-

on

7Cash in banks arid

\

1945

^

Gttoarich

..!■

of J.

common
stock, payable Jan. 30 to holders of record
Jan.
quarterly dividend of 25 cents was
paid on Jan. 2, this year.
Payments made during 1946 were
as follows:
Jan. 2 and April i
20
cents each; and
July 1 and Oct. l, 25 cents
each.—V, 164," p* 3143.

379,011

"

$

\r

}

V.)

nounced on

Accrued

share

$4,720,979

-

,

1945, an in-

.

*30,436,965

'

$61,133,798 $51,177,678
764,563
491,939

—————-

——..

Net profit for year
•preferred

'Dividend

7
7

1,024,838
388,588

••:

$22,549/203,

of

27,750,275 212,573,788 179,559^946
To Pay Extra
$1.25 Dividend on Common Stock—
YOn Jan. 7, the directors declared an extra

a

$6,862,094

Number rif capital Shares
Yfianled Tpg'r share^i^-:^-^-.-

-r~V.

1946*

V

'M--"»„ /•'•«,

•

20.

;

Net Profit

were

;7.:

,

-

Sales.

*

taxes
;

Y

7;-

the number of directors of the
had been increased to
nine and that Louis A.
Green yand
Irving Kahn have been elected to the
board.—V. 164, p. 3143. 77/.;-Y

^

t

Sales
Profit

election

1946

30,

three months

(W. T») Grant Co.—-December
Sales Rose 9.7%— •
^'Y ~Period End. Dec. 31-^
1946—Month-^1945 J 1946—12 Mos.—1945
»;V1
■'

«efr^profif^

13 Weeks Ended October 31—

now

Nov.

company

5

Y

lncbme taxes.
mcuuiy

r

,
.

sales":—I——-I—

-Totiii

50.28

$122,045,> or 9 cents
30, 1945.—V. 163, p., 2006.
f 'i,
m 1 S
S
jvi v> N

^

Y

to

same

Spencer Weed as Chairfna'n
election of
Lansing P. Shield as President of the
company. - George C.
May, H-. J, Davern and J. K.
Davenport were
7 elected Vice-Presidents,
Announcement was also made that

$404,745

'

etc.
tAlso after a provision of $100,000
outstanding shares of capital stock.

months

The directors announce
the
of the
board, and the

1,384,000
$0.29

Cuban Plant—

1946

31—'

'

Due from

^

,s

»

some

three

59^%.yY.V:::.;; 7.
YY7/7'7,7
Elects New Officers—

299,200

$395,670

$0.30

1946^^^

$5,148,256 $67,962,572 $44,486,263

JOn 222,738

for the

of

crease

$703,945

1,391,500

.Y

ended' Sept; 30,

quarter

$660,970
265,300

$419,653

-

$0.45?

.

194S-—4 Wks.-^1945 -1946—43
Wks.-il945-

;7 compared with $14,128,001 for the

Goodall-Sanford, Inc.—^Earnings—

early

Y,,.... v...

$7,315,465

Retail sales

1943

-

1,394,000^/1,392,000

share

$1,174,018

,

7 for contingencies.

!

equivalent to 21 cents a
share, compared with
share for the quarter ended
Sept:
1

ACCOUNT

——-

Accts.

367,800

outstand..

per com.

1944 7

$787,453

$624,800

shares

$1,615,410

-

1945

y,'?After deprecia^on burbefpre^evwf»>.
ral

1

*$2,883,029

Y^ *After taxes, depreciation,

1946

■

385,000

Net profit
Com.

Earnings

7; the

.

:

$1,009,800

Federal Income taxes-^.

•

"El

—————

Provision for

~

1946

•Profit

construction

ready in the

be

Selling, general, and admin, expenses and provision for bad debts—.—Interest and expense oh debentures-.———.
Provision for contingencies

r

1,758,954

Co.^—Earnings—

$1,030,571

813,078

RESULTS FOR 3 AND 9
MONTHS END. NOV. 30
Period End: Nov. 30—*•«
1946—3 Mos.—1945
1946—9 Mos.—1945
Net earnings
,7 t$467,4l5
$216,997
$1,159,655
$539,252
Earnings per share.,^
$2.10
$0.97 $5.21
$2(42

4,110,349
3,546,502

?

Day—has

sales

Cost of

-

2,135,301

40,738

Goebel Brewing

$1,987,096

.Cr2,587,281

Sales

.

Triunfo," S. A. This company will
but General Shoe Corp. Will haVe *a majority
and will Undertake the /management of. the

.—

Total

-

9,965.32?

380,884

9,510,271
3,181,962
2,776,901

r-

Other Income

>

8,731,250

9 Mos. Ended
Sept. 30—>

$3,644,598
1,187,126
.//: 842,061

■;

and

Y Period
End. Dec. 28—

—....

>

41,851

140,000

640,000

—

,

Calzado

capital,

common

Years Ended Oct.

.

263,168

207,217

•

$1,810,571

:

/

taxes..

••>.

Grand Union
Co.—Current Sales Rose 42.1%—

-

$31,401,897
profit after charges and
taxea.'i>i—^-._.; 1,563,012
per share on combined
1,028,620 class A and class
B shares
"■
$1.49
—V. 165, p. 73.
,...

use

Sales, less returns and allowances—.

'-'

300,533

265,983

r'

/>;,>••• 347,490

tFor the years 1944
arid 1945 resulting1 from the
carry-back
and unused excess ;
profits r credit from the year 1946.—-V.
'

of-losses

•

Earnings

(B.

r

61,939

7

$2,028/947

1943

7,087,339

■

118,528

$3,992,088

•$5,470,311

■wet income-..—

/;

$884,063

31,258

income

oper.

1944

776

.

149,915

$2,591,492

);Y j

taxes
.inc.

413,111

$1,910/419

—..—-

$878,344

Net

to

building restrictions are lifted by the

COMPARATIVE INCOME

'

1945

$668,896

800,554

$3,842,173

$7,079

26,091

January 1—

from

business.

'

7

1,415,060

387,437 .7* 780,920

charges_»r_.«..w«

profits

1943

$2,460,510
130,981.

870,299

of

1944

,

•$5,953,174

165, p. 73.

$650,728

Years Ended Dec. 31

•$5,082,874

Y excess

wduld

basis

STATEMENT

1945

2,905,134

tRecovery

-

1946

*■'

adm.

Excess profits tax

:

...

and

income

Income

2,259

7 *$83,113

•$9,313

Net- sales

from

When this building is finished it will provide
manufacturing space in some of the buildings

Nacional

have Peruvian

,

14,248

$9,338

2,344

EARNINGS FOR 9 MONTHS ENDED
SEPT. 30,

"

being used for sole cutting at Tullahoma and Nashville.
The company has also acquired the control of a shoe
manufacturing
company in Lima, Peru.
This company operates under the name of
Fabrica

<

Y'vY 1917;

•$3,902

f

ry.

of

„

Nashville

additional

;

•$80,769

191

?

Glenmore Distilleries
Co.—Earnings—

has been secured at Danville, Ky., where a limited
will be undertaken in the very near future, and

available

suburb

a

Spring

,

•$9,122

•

gen.

Income before Federal

$4,910
V

such

on

$5,337,628 $41,270,284 $39,654,166
$20,601,'469
8,385,668
37,394,713
35,011,438
18,277,938

sales-

Income

21,914

Earnings—

—V. 164, p. 2958.

by the Spring 1947.
7.
-;
.'77 At Carrollton, Ga., a small building has been secured for immediate
; use
in a limited way.
Arrangements have been made for the con¬
struction of a large plant at that location as soon as government
.building restrictions are lifted.»
7
7
V';
A new sole cutting plant of considerable size is under construction

-

Other

after

■

98,350

$96,407
15,638

•$3,711

INCOME

7 $115,354

77

operations

Oct. 31,*46

,

returns,

expenses

•

■

Net

investment

company

of

Kaiser-

that

.

10 Mos. End.

33,604

31,020

continued

CONSOLIDATED

Cost

54,461

V

7/

$2,983 /
$41,894
12,360 ( Y 116,399
1,969 Y .21,902

$11,346
2,224

income..

Net

Ygoverriment77Y:.77'77 YY-Yv
::
At Waynesboro, Tehn.,; a",plant, Is.now. under
construction which

In

I

$5,005<

;

railway
from railway

shoes

arrangements have been made
of a larger plant AS soon as

4

35,277

...

_c
.
Gross sales, .
less

still

manufacture
•

from

From

Gross

% $9,382,976 at the end of the 1945 fiscal
year to $18,692,768 at Oct.
731, 1946. .Working capital shows an increase from $12,877,819 to
$16,413,681 during the same period.
7

f

1,294

railway

Also

basis

3,159

1,974

Net from railway.
Net ry. oper. income

term

sheet.

handled

which

actions

i

offered

stock

balance

41,155

(

that

,

•Loss,

after

off the long

pay

the

7/

8,253

--

Georgia RR.-

provided $2,452,169 of additional
;The com¬
also retained from earnings this year the amount of $1,560,922
further provide for
captial needs.
These financing trans-

pany
to

to

from

f 64,030 shares of common stock were
stockholders, the unsubscribed balance
;

preference

used

were

eliminating

3,422

$5,222

,

Dr)

November-—
Gross from

$5,488,403.
Inventory turnover or the ratio of net sales for the year to total
Inventories of materials, in' process and finished
goods at the end
of the year, amounted to 7.64 to one.
^
^
During June of 1946 the company undertook additional
financing.

$5,000,000,

YY 59,114

:

with

consummation

provides

® corporation to maintain its ^competitive position in the
industry and, therefore, urged the
stockholders to approve

YYY.

$234,439

until the

,

;the agreement.

•Deficit—V. 164, p. 73.

to

This

4,951

3,199

Sur. applic. to int..

$2,397,190 of U. S. Government securities against income
liability.
Cash and additional government securities amounted

/debenture

$177,440

agreement

agreement

Production of Graham-Paige will be cut back to
production in the Willow Run plant, such per¬
maximum
which
Graham-Paige will be able to
feel

?

Directors

automobile

Selling,

Dr)__

(net

Gross income

5

$1,309,947

are

$14,516

interim

total

.etc.

inc...

(net

rents

the

Yno: en^.,,

'

3,733

oper.

rents

fac.

Deduct,

common

deducting

;

x

iinance.

Taxing

Net ry. oper. deficit—

Shoes

$17,528

UnemployIns. Act,
*38

Non-oper. income

was

making

13.53

i ?Z*
the

being

of

Receivers—Combined)

5,374

RR.

Railway

1

1946

7;

op.

RR.

Equip,

current

liabilities
tax

Such

centage

>'-7

Jt.

$51,177,678.

ry.

—

ment

stock outstanding
Oct. 31,
1946,
provision
for
preferred
and
preference
dividends.
This compares with $1.71
per share during the previous
fiscal .year.
Total net profits for the year amounted to
$2,755,372.
Regular dividends were paid on the preferred and
preference stocks,
.and dividends of $1.60 per share
were paid on
the common stock.
/
The
balance
sheet
shows
a
ratio
of
current
assets
to

$3.76

were

Graham-Paige has entered into a further
aZM,r
p"
Provide for the interim period

,

accruals—

Act of 1937

Fed.

$14,234,063 of inter-branch
of
$61,133,798.
This is a
during the fiscal year
to

from

tax

and

in

revenue.

able

be

recently

Northern Railway)
1946—Month—1945
1946—11 Mos.—1945
$192,558
$192,130
$2,196,995
$1,990,172
175,030
177,614
2,019,555
1,755,733

expenses.

the

Australia.—

>•.

and

•

agreement, the stockholders of
Graham-Paige also will
to
share in the profits
from the manufacture of
both the
Special and the Frazer
automobiles or any other car that
may
produced by
Kaiser-Frazer in the future.

be

.

rev.

Federal

customers

amounted

oper.

Regular

L

ended Oct. 31,

year

customers
to

sales

on

fiscal

there

to

sales

year

share

per

for

sales
net

year

V..:,

(Corporate

oper.

Railway

$14,004,020 $13,351,062

—

of

Net

970,847

2,129,139

*
;

payable

amount

net

over

Melbourne,

Period End. Nov. 30—

9,902,000

General Shoe Corp.—Annual
Report—
W. Maxey Jarman,
President, on Nov. 26 said in part:
Total volume
of

Time

company, thereby eliminating duplication of
effort neces*
from having two
companies operating in the same

resulting

K.aiser
■

(Including-Statesboro

Railway
Railway

660,000

8,908,500
153,267

1944

•nd.$31,922 im 1945.—V. 163,

;

operations

•

expansion program,General
plants in England and

for
.

;

v

5,815

838,112

-

—

•After
deducting mortgages
$15,747,425 in 1945.
tAfter

,

company's

one

Under

Georgia & Florida
RR.—Earnings—^

211,682

15,965

advance)—

share)

per

surplus since Sept.

Total

Lafayette, Ind., where

foreign

plans

v

345,786

255,687

—

in

1,038,501

(par
surplus

its

of

-

$275,278

130,847
Y;7-~iiY:'7v 80,000

Reserve for taxes and
contingencies
4% cumul. income debentures due 1969_

Capital stock

sarily
plant.

77..-;

164, p. 2545.

137,108

■

etc.!—

(rents

part

announced

;

expenses,

income

hands of

Mid-

Division, La Salle, 111.; Seth Thomas Division,
(Thomaston, Conn.; Stromberg Time
Corp., New York; Haydon Manufactoring Co., Torrington and
Forrestville, Conn., and Western Clock
£o., Ltd., Peterborough, Canada.

;

28,750

6,458,891

taxes»-«---i—;/7 $527,741

mortgages payable——

accrued

Deferred

West Plant—

New

—$14,004,020 $13,351,062

,

Loan payable to bank
by subsidiary company
Due to brokers—purch. of mktble.
securities
Other

Corp.—Plans

The corporation has
acquired property in West
plans to build another mid-West
plant.
The
include the Westclox

LIABILITIES—i

-

Instruments

.

8,123

>—

Time

it

557,964
■

331,056
V 555,104

-

deferred

——

Total

2,377,686

$781,476

cons.Y/7 .63,500
8,355,551

——

other

:

2,278,032

receivable-———

real

1945

.

514,034

receivable—

mortgage loans

General

v

,

1946

$1,154,804
2,578,280
443,568

—

,

notes

and

SEPT, 30

\Y:'Y

Marketable securities
Accounts

SHEET,

Y.'.-.

chgs.

,J

"

1946

—V.

164,%. *21.

1945

Y

1944

1943

7

ta'ifes!--_^r^-i-—■ - %562,285
Eafn'. per NsOm, shttfe.--/'?
$1.94

- r

$218,112

'

$1.01

$290,446
/

$1.34

$173/824
$0.83

X »'<

CHRONICLE

COMMERCIAL & FINANCIAL

THE

Mondays January '13, 1947

210
\On Nqv.
of 2%%
United States
interest. The offering

of, $67,500.

(& vSubs.)-~Earnings^-u,
6 Months Ended Sept. 30—
\
_v 19.46
, 1945 >
Profit after charges
$3,498,033 $2,082,345
• -l
1,200,000 '
Federal tax provisions--'v. :'l,367,253.': r91,693
152,685
"»

'

«*

i

•

t

.

1CO

,

'

L'OC

Hercules -Mo,tors JCorp^EarningS-r30-— v>£ V'.V'v&l'V ? J&45' £"«»•'* i

*/*,

Hall JP!riiitingT Co,

(W. .F.)

Quarter Ended Sept.

•

charges_JT::_i_--^_l;_^v §$351,374* $60.7,112

"'Profit after

income, etc,-^--^..;\v-,''i';------■-

taxes on

Federal

,,

>Froyision lor

-

contingencies_£^y£;,.-r *

.

;

.

*"380,000

^

_Earned .per.

■

1,000.000
.;:,T

of

164,

-V..

provision

♦Includes

; (•

.oss^;^,-,^
§L°ss.

.

financial

states that' "the loss -fo£ the quarter .ended Sept. 30,1946, A"; v. .jn reading the .Comparative Consolidated Balance Sheet,
application nf appropriate 4ax»cwdlt-^n4.,4S'.Mt):Hhoafe-hpplyin5^.;:^'*i^v9hottid .be given to,Two Important occurrences-curing

•The rreport

-is before

U'-'

$o.*8be used primarily for investment.;Jn'~ inventories.and .receivables,'*^;'^--for" renegotiation.;£$Qn.311,100 capital; shares:^:.'■■ ■■. •„";
V-f''V
£'
>..
Nil

*;•,

"

*•$0.79

$1.98

l.OOO.OOO capital shares
.Vv^/v"<;'v ,/•" Y-*i>£. ££:

683.

Met

'^Earnings per share
"

currently .ontst^anding

on

Part

(interest.

/.-.$20,500,POO of .which

250,000

w

<J.

$790,652
388,357

$1,978,095

profit----__----^l--'li^-,^,----ri--r-i-..NUitiber of 'Capital shareS_---^-i---r^-^----i<4
Net

♦Based

18,-.definite Arrangements .ware .made .to -..sell jI-.
20-year debentures to a group of underwriters
at 98 %■.% :* of the face -value thereof; and accrued ;<.££/;:£ ■

price tp the public was fixed at,par .and accrued V.
the proceeds>,will be ;used to pay bank Joans of,
$10,067^0.0 jy^s,.borrowed, to .redeem tjhe serj&l -. *'
;
''.''/debentures.,:
,.Vv
...i'.
t,
The remainder .-will be .added.,.to the cash funds of the.» company >,tp ,§fi
.,
.
,
_
„
....

$3,591,224
*"3,115,617

if#,000 ",f

the

in
I'

Minority interest.

p.

$30,000,000

"

1944

considera-v
"
the fiscal-. £££££

'of^,*^43AUAclAs'
Uttered, ts tOfiicva..rates-bfexchange withvthe^'effeet.of decreasing by^
approximately 10%;,the vaiue of currencies of-other -countries, when'1-:".-; 'I4'
o? «l per bxi^rp.
?harp
'
5
1
Hinde & D,auc}l fap.er .Cp. (fy §UbS.)-^-E$rningS—
^vaUd in terms of ?Gin*d&it .dollars. iThis nhgnge ^
STOCK at
'
,♦
'
1Q4Iiq44
■ conversion uai.es .accounts dn part for the decreaseln nurren.t assets '
HISTORY AND BUSINESS—Company was ^cor^rated Jari/ 5,- 1946
9 Months Ended Sept. 30— ,,
m
gL $18 0^46,518,332,449.^^andjf.ab lll)ei>t Aug.! 31, >1946 /as compared with .(Aug. 31.. 1945 in-\ ',.t» , '
in New York.
The company's main office is. in .New York City^where j: ,
s-les ---------— f
t--—
• ;^ •
2'406'388
2 598,7a7|i,.b,$muoh as by Jar the greater .part of the current assets and liabilities v, .
.
inspects
warehouses and ships merchandise to the stores an
Pi ofit aftei chaiges_^
i'e20'ooo 1*700 OOO^-* «C-«: located »n cpuntnes other than Canada, principally, the1946 re- •>
United
stock in August
^nages the business, Company operates the New York office and 1 -Fed. income and excess protitsrtaxes68O,00Qv ^5^®rgstatts. a qash .raymsnfc pffW preference
Thevrcdemption jof $11,216,360 plus accrued - dividends -.and,
- -- (quired
$898,757
1

v.'iia.'-.v'.W

•

,

ixro^/i

/W~,y*a

Xr, Pn

An

of the postwar reserve, for
iov—v. 162, p. 3073.
„
any1 part

,

ward oc ^O. uu

r

£•■>•£ yyvy?

(500 par) • common

74 687 shares

rmhlirlv offered

7

i

Co.—Stock Ottered

Halliday Stores

To»-,

■

•

.

,

\

,■

ner

.

it

,

_

10,„

,

_

buvs

_

stores.1

The

in

engaged

is

company

includes women's and:
wooi and potion dresses,

Which

£::Netofprofit-;
No.common

selling women's and children's weai\
children's coats and suits as well ds

Earned

•

$2.31

'.amo.unt.

$2.12

of the current assets of a like '
' ' " ""
■,«

consequently, .resumed jn.. a "reduction

,

360,250

■360,250
'. $2.01

476,379,

shares

share—

per

$846,388

$1,101,426

-

.

\
-Tiie net re?ult iqf all-exchange adjustments*;in consolidation as at *
hosiery, beach—V.' 163, p. 780;
t: ".^V
4Aug, $1, 1046' was a (debit of $1,503,117, which is shown below ,»3
wear, .bags;, costume jewelry, furs, etc., all in the medium price range.
;
VjunieaUzocl.foreign:.exchange losses arising in consolidation,"?
t"
The stores of
the company are located in the Southern part of
(R.) Hoe & Co.; Inc.—PlansjHecaEitalizatipi)^
^
..,,.4 The assets in Great Britain are subject" to foreign exchange and.
the country. -Cities have been chosen by the management based' on
A special meeting of
company has
restrictions, .the
included
present and future prospects.
"• I'
, ,
1.. ,,
, been'.called for Jan.. 29 class "A"( Stockholders, of thisplan and con- ; , otherconsolidated balancenet assets in Great Britain as Included in
to approve a -recapitalization
the
sheet amounted to' $7,602,452.
ip,'
The method of operation of the company is one which has become
solidation of Pittsburgh Lithograph Press Corporation, a wholly-owned
these net assets were current assets of $8,213,653. Net profits attribustandard in the women's apparel field.; The-New York- office main¬
operations in Great Britain included in the accompanying
1
.table to operati
tains permanent inventory records tor all stores and makes merchandise
• sonaanon 01 ,to the Hoe eppapany.
jfi
ehipments as required by individual stores. 'Sales are ....
made fori cash, (Subsidiary, into will enable the ^dU-ectars . to place the class "A"
• ....
Tnoanh T Aur
>» 'his type of business is evaiiahle.-.
_of Ithe .program
existing government regulations th<? transfer of such profits "to" Canada
.stock on it? established basis, of $4 per ,share annually,.'and to-declare
Is" prohibited/-■■■
On Aug.
....
.
15,' 1946' Robert Best and Samuel . Schulman, .sole stock
•
-*•*— "
Regular $1..quarterly dividends on. the "A" as. jarnjng$ permit. ..Thie
_
During the year,,Hiram Walker & Sons,-Inc.', a' subsidiary company
folders, entered into a contract to buy Jrgm "Wiiliam Bookman And
recapitalization plan, submitted by the management and approved
lin ^.United States, completed the renegotiation of its war contracts
Maurice Hoppin all'of the outstanding stock of Benton Stores, Inc.
unanimously by the board pf directors, Mr. Auer explained,, provides:
applicable to the years ended Aug. -31, 1944 and 1945, on the basis M ' ■
<N,'Y.) and its affiliates.-This contract was assigned to the; company.
1. Presently outstanding common stock would continue fa be the • _that ,there were no excessive profits for those years. These settle'
in
•These corporations operate stores 1n the general area of. the company
.stock of the consolidated corporation.
v .ments completed the renegotiation of war contracts inasmuch as the
Benton Stores Inc., the parent corporation, and its affiliates are 5t*
'■the same type business and operate in the same manner as does the
—
,—
rnrivprted into
new share of clasa "A"
stock, and lour shares, of
expiration, of sthe ltenegotiation ;Act on.Dec. .31, 1945 was not sufficient

Silk,

sportswear, underwear,-

-■

-

■

v.-,-..-

_

i:

1

..

Uli

A01U.

IP,

fiug.

il_i.

J—

••

- '• -

*

''

AVVMUAV

-

\

wvvivu

common

: ~.-r*

..rr -

***V^ :

a

,

stock (no par), of
Schulman and Mr.

cf class B common

Mr.

Echulman.

"»;On Oct. 15,
tlon.
In this

iings.
their. stock holdings.
amended
1946, the. company

.

•^..Tt.e.B-

stock which would

annuai

-

..

.- . . • ■-

and/.would

stock

stock would be non-voting
price and

redemptiop

These.cash outlays - will be required. prinpipally for building up. Inyen-

.-^.^-tories

sublect

be

upon
•

liquidation value)- through the-

books of the Company

the

■---

-

-'

for Class 'A*

50

changed

stock

common

"'-Stock

JiiOn

'■

; r •»

dividend

shares
V/. .^'n;

s

the fund are

'B! stock or for:the payso .paid to reduce the
and liquidation value of the ,lB'. stock- • On

$

'

£^•200,462,845 204,841.425

-

■»;*-*-

be used for the redemption or purchase of
of dividends
thereon, any ..dividend

t mfeht

initial

redemption price

and1
ilcnorf

now

goods sold

of

■

266(845,903 254,618,161

sales

Cost

57^83,058 49,232,385
776,736
24,316,781 19,592,942
.248,018

Gross profit on sales

felling of general officers
-Salariesand.executiveexpenses of parent(company
;fees of directors of par, co. for services:as such

romnanv

There aie

0si

1945

1946

Canadian Currency—

t

o

the"shares^^arp'wfw^reasurv initial redemption price and liquidation value oi the in assets after
MiU
liquidation or dissolution, the 'B' stock would share :B\ Stock.. . On
therefore
issued and outstanding 80,000 shares
the new Class 'A' stock but befbre the Common stock.
"Thus the. proposed plan,^^ without 'diaturbing.':tlxe existing common
htll"nSnkini?1iff -154,687 sharqs. * stock, in effect and dividend fund issuance, of" 'B' stock and- creatiop
provides, thr.ough for its -benefit, a method of paya/total of
will have issued and outstanding a total of 154

thf^nrk'^tn^hp
Euock.

Each received 62,500

cents).

(par 50
|V Jvy'?-"»•••.

in

passed.

ENDED AUG. 31

(Including -Wholly-owned Subsidiary Companies)
Stated in
-Net

moneys

JhiS ipolicy/ is scund under presenfc .conditions but that
reviewed when the rack houses are filled-with whiskey

CONSOLIDATED INCOME ACCOUNT FOR YEARS

the

and would equal 50

—deductions

1

--*•

be

aqd the peak of the financial requirements has been

operation of a redemption and dividend fund. Provided, that, i»o
dividend payment on the is Class 'A' stock is fund would be. set
of
current dividend payment new provided for, this in arrears, and. the
aside

should

it

capitalization
<par

believ& Jhat

•

in reduction

.

balances of accounts
sales. The directors

of .maturing (whiskies and to carry larger
...
resulting
from somewhat increased

••
••
receivable

non-cumulative

-

,the. initial

of

the plan,

be created under

-

.

.

the directors
very
quired ln tbe immediate future they have decided that a conservative
' policy ls in tbe best .Interests of 'the company and .the shareholder^.

,

"B"

the

redemption or purchase or -to the. receipt of
dividends of 10 cents per share (to Jje applied

to

increased

amendment the company

of

.

v

i
of incornora-

_.

its certificate

*•

-

certificate

,

• *

_

paid on
has dividend -arrearages

share ift
which at present

per

stock

"A"

class

•
• . .
cash would be

'

share

a

Exnlainimr
,,i6

which 200 were.Issued to Saihuel
Best; paid. $80,000 and $20,000,

respectively, for
.

w

nf

class A common
Best; 375 shares

were'issued to Samuel Schulman; 200 shares of
(no par j, of. which 200 were issued -to Robert?

eioek

:

of $3

ctnndine

'r
-CAPITALIZATIONr—The ■ capitalization of the company originally
; consisted of 750 shares of 5»
preferred stock ($100 J, ofwhiOh
600

an

r

units.

of the

two

stock

"B"

business don*f^ T?„A
with"
,to require renegotiation. ^
■'
. ?ncl, greatA»g- 31, .Ithought by
The dividend
has
deal
.v.,.,... ^vnirafinY, «# standpolicyviewaf?obeen ai..givenDec.^rom;cash wasofnot45 ftoientre--?'-r*!" Wr
. piration.or ne Renegoti ti n Actgon esa 31. -1945 outlays9 Jq ibe the-5
suf c «:
the outin
of
substantial

,

of $20 per
3
A dividend

the parent corporation, was
affiliates presently operate five leased retail
.women's ready-to-wear-stores ■> and four leased-retail women's readyto-wear departments
at various locations. The parent corporation,
fa addition to its distribution and purchasing of merchandise, operates
through itself and its

and

.

..

2. .Each share, of PtcsenWy redemption; class.."A" ;stock wo.uld; be
outstanding
(with
organized Dec. 6,1938, 4 converted into a new initial of class "A"price and liquidation value
share
stock, and lour shares, of
share)
•

*

'company:
*>•;
Benton Stores Indi,

cniH

20,000 ' 20,000

m

713

109,546

-Legal fees interest
*£pss on.disposal of-fixed-assets
* 112,196 >-- 46, 592-m
41,383
plied by the
ment, out of future years* earnings, of existing dividend arrearages
Debenture
324,493 346,
36,621
«a' sfrtc.k
Dividends on the Common stock qan-;Amort. of -debenture .discount and expense
-29,471 1,246.587
36,
PURPOSE—Tfye entire net cash proceeds will be applied
to the purchase price of all of the outstanding stock of
on the present class 'A' ^LUUrW»JL/AVAU^iAVAO UU V*1V v/vm.-.v^;
,
...
^
$1,746
.Stores Inc. gnd its affiliates. - The purchase price of the stock
hot be. pai)i pO^lopg as (any 'P' ^tpckj$ ^outstanding-antL so (long
be acquired by the company is expectedrto be approximately $425,000.
any dividend payments on class 'A' stock; including , the curretit
-Provision-lor-oeprec. of build., plant & equip.i._ 30.517,158 >2ff,100,508
1,725,640
*Agent and 'Registrar—United'States CorpoTatioh Co.,* 160
-dividend, is not provided for."-.^'
'
_ '
/_*'-*•
"
er enarges j_
16,310
Broadway, New York.—V. 164, 0. 3L44.
'
4. %
„
, A j
- '«*'^ ■ . * '
Other_tacome^
;
,2^77^48
355,
;
;t
rr;
'
>
Has Record Orders-^
v- /'• nff0,0H

the company

hnvA

„„

outstandine

las.,art and

redempyon

of

ctnoir

.nor

36,096

r-io«

nf

company

«-

Benton
to
l

Transfer

.

,

'

•<■«««

...

««,

.

'

-

ik £ '4>

*i'*m •*-

m

contingencies

profit after charges
Earned per common share.

33.194,906
28.717.863
-17,289,804 -19,306,563£_-Crl,485,114 >
'

I'& f:

£ ££ £"«•

profits-taxes—

Ended Sept. 30— '

9 Months

,

Net

—V.

*'

.164, p. 2959.

*

"

^

^

Harborsi^e Hftrehojise Cp.,
Bonds—

Inc.—To Redeem Incpme

;>■»''

,,.i

the outstanding',40-year
called Jor redemption on

AH of

;

been

i

from .Oct.- ;1, 1946, at the rate
bond,'
'
* ' I I 4
*
'
,
Immediate payment of the' full:

,

,

• OI "CUUipiei-eiy J,UOKY»»i

,
.
J.l .
,
, f .
t ,
redemption price, plus accrued inter-

floor and its installation

rpu<"

^ank Farmers"Trust JV, arI'
Co., trustee, ,22 ,William ^Street, New York,- N. Y.
; {i .
£'c" ,
- tions
Interest ^represented by coupon No. 13, maturing on Jgn. 1, 194.7,
cylinders
est

March

to

will,be -made at,the City

1947,

12,

to the trustee.—y., 164, p.

NOTE—The
pany

Hartford Gas Po.—New

.

fed offset; and

compaiiy's proposed plan to

The stockholders on Jan. 4 ^approved
an open-end mortgage and to issue $2,000,000
bonds to finance plaht expansion.—V. 103, p. 1083.

J

•"ereate

Injdu$tdes,*|pp^^arnings~!

3 Mos. End.

,

taxes__-^__

before

Net

refund- on/ ggvera.-...;

Est,

.

-. *

...

v-. —

-

->

'

■ -

——.

Net

,<ti

1,389,912

1701,017

Net

sh.

pn

Nil

'

'

(Stated in Canadian Currency) Jk
^ 1945
^

490-13,452,445
.

-

,r.w_

Refundable

...

portion

of

,

000 ; 5,343,000

v

451,296

U. S. ex. profits taxes
,

*'

>

.14,685,598- :.15,594,499C'

SAccoupts (receivable

.

#

.-

Hiram W ?llKer-C*Qpaernam ot>

;

Report-r-

-

-

.

».

-

,

>

"

:

"Common stocks and ,other Investments without

^

quoted market yalue, .at cost,i__:^_I_'_;____
Ca?h* surrender value of life insuraiu». poUciei

President, on Nov; 18 stated in. part;
,
PRODUCTION AND INVENTORIES:
• itand' puWings, plant .and .equipment.,RefundgbiA portion of .Canadian.ex) pfts.Jtaxes
(The),Hec|lt CQ.-r-Extra Ol$tnbUtlQn of 25.CentSr— :
, produoiaun A«U A V
ftlroholiC 'bev,.i."The directors have declared an extra dividend of 25 cents per share \
During the -war-/years, and since,, the production -oi , aicoim •
t Unamortized debenture discount and expense.!
and the regular quarterly dividend of
40 cents per share on the ^ erages has^^ been .severely^^ .restricted,;ih$t because^of the 1 es- g
, prepaid in$ur.,v Iter., taxes & other misc. • chgs.
stock and the usual quarterly ;dividend of 93% cents per
of alcohol for wgr purposes £na jater hepau?®
the world wide Goodwill, processes;and trade marks
chare
the 3%% preferred stock, all payable Jan. 31 to'holders '
shortage of gmin
-»i'*ioaR" thA1. (
-vl * f,£/' .i
-■-»
1W,
cf record Jan. 8.*
1
......
,
,
K , » industry was '• permitted^-the equivalento
In the United States,: irom,,fuct,; fof only -162 'fnll.-dgys of bevTotal 1 * '
i
' -.
.Last year, -payments were made as follows
on -the common- stock: "erage operation "The situation* has " been somewhat less , difficult in V-;-T,umTmD«"
•
4&n. 31 and April 30, 30 cents ,sgch;.,gnd July.31_gnd_Qct.:.31t ,4Q pen;ts
Canada but more so in Scotland. ,,
!.
I *■/'.£.
.^nftBiLiTIES—- 7
each.—V J64, p. 2546. 1 ;;.-"is**£■" ■"■■ V
V .Throughout,this period^: largo part of the bev.erage sales of the
. Bank;
.
-- .
.... •»
C Company have of necessity-come: from inventories on .hand at the time
; (H.
J.) Heinz Bo., Pittsfeurgli, Pa.—-Earnings—
^ *
' production restrictions were imposed, Since October, ,1942, sales\of other accounts d "—T""
.

■

$14,225.—V. 163, p. 2167;,':' «
t.A

ML

^

*

*

Howard R. "Walton,

•,„.£,

£'i.

«V

common

on

•.ir""mT"T .)•

..■;-.AU-vuw.^v«wv«

,

,

.

,810,532

-

.865,287

sales

Net

income.,

aa

.

Provision

fqr

Frovision

for

Federal, and foreign incpme taxe.s_____i_-___;

............

contingencies_______________'_________--__-_ ,; ' .1,000,000

Net profit
Earnings per copimon

„ $3,047,592
—_r.—$2.(03

share—

r

inventories; While it .has
sold to the trade in

of

,3,017,601

whiskey

not been possible to;replace' air the
recent years, the gallonage pn-hand is

moderately expanded, sales program.'.It -'.is'expecteji' thjit"
u; restrictions on the . use of grain for beverage production
aopn
rAinnvpf)
Which will nermit the Comoanv to substantially
be relaxed cr removed/ which .wiU permit thp Company to pobs^antifthy
r

.ample'for
ha

r

%

a

rv

..will

(Joes not Jnplude

above

build up inventories;

(

10 Months

Ended Sept. 30—

after all charges
shares outstanding

Net. earns,
Common

(& Subs.)

* *; ;
and taxes__'

:




*

1945

r

,

*

$538,684-' ; $377,913
•255,972
.328,437
j

Earnings per share—

rV. 164, p. 3144.

1946

$1.23

r

i

:

$0:98
,

101,193.350 110,472,889

1945

3,294,639

'
f

t'-Z-Vv '

of

1,234,448
■

861,741-

-1,100,000'

-

,785',114

MPO,O.O0•' iv'aqn'iani
i2;;
;i7 33~dj[io , ii(;

farr)ed suiplus _i____;__^^ 48!l43,196 35,111,^2
££*./;££V?lhmon Shares held by a subsidiary campany y .,I>r88,565 C'iDrSa.S^
; .* •'/ £ _• . v.
-- j+,
...

Get. f 18, 1948;
"
and of expanjded'production to .build .up inventories, the directors authorized
the redemption pf the outstanding serial, debentures .and the , sale Pf
deemed on Nov).

3.738,949

t

807,797
721,537

s

—,113,775 '-21,406,849

—

-

:• 1,464,697'/.'

570.797

.

1946 and-the split became officially effective Qn
In anticipation of (larger accounts receivable-balances,

$30 000,000

.

~~—-zr--.-—-—
^Treference
'< »Dnmmnn- stock'of nonpar valub
„ •
Par,shares
-- *Common

20,

-Earnings

-

.

fnV

-

^"101,193,356 110,472,889

20-year debentures. 'The serial debentures
15, 1^4$ 4at face.^valpe of -$ 10,000^00 . plu(s

were r(e-

.premiums

Represented /fe*. 724,004 shares.1 tRepresented by 2 467-shares hald
o2
'.pH
Oct. 16.'i94fi fnr and $1,344,388 in 1945.1fAfter reserves for de--^
•$1,509,943 in 1946 rcdcmntinn en wnr-'nr -in«

^by p -16, 11946 for' redemption onUnited 15,: 1946. § After reserves
subsidiary pqmpany" in the" Nov;~ States (at cost), icalled
Oct.'
'

'

(Walter E.) Heller & Co.

.

-

;.

any

'

.

147,807

1,494,600

;6pnai peben., pay.; in U. S. cur (non-current)_ $10,000,000 -12,100 000
Foreign exchange adjustment In consolidation " £"1
£
1,545,694

credits as a result of the f ;•
CHANGES IN CAPITAL STRUCTURE—NEW FINANCING
change in the official exchange rale of Capadian currency.^ ,„•/
j .
{• :All*ofj the outstanding preference shares; 560,818, were redeemed on
Income reported in this semi-annual statement is necessarily based
Au?- 27,. 1946 at $2,0 .each plys accrued dividends.
^
,4a. part bn- approximatipns, and is jsublect io 'adjustments that"* may
;
On Aug. 1, 1946 Hie directors recommended to the "shareholders
develop in the course of the year and in connection with the annual
{
that the common stock be split pn a four-for-one hasis for the puraudit of -the
accounts..for the full'fiscal year '.which ends. April
pose of widening the ownership of the shares of the company. . This
$0, 1947.—V. ,164, p. .2018.
. _
.,
. .
. 1
" / . - ;
was acted upon favorably by the shareholdersjat a meeting on Sept.
NOTE—The

.

22,045,323

v; .1946

000.000

CONSOLIDATED

'785,908
£-425,778'S

"25,357,053
*i975;384
* : 107,177
i *1,250,457
l

-

Net

ti'tf-1

$

class '

,8nl?a for. fa* year amounted Jb ?$ W.ppO.-yq

'T

333^-

000-com! Shs—i

share on 96,000

normal, . surtax
^excess^ pfofits
amounted to $375,000 in "the fiscal^year-ended Sept.- 30. 1946.

:i- :-4 .*$68,306

profit

Earns, per

"

*

Prevision for Federal.

'

♦S279.115 ' $231,190... $237,711
' .
•
"
Nil
$0.69
$0.71
♦Loss,
tThe i-eport "shows that ($54,081 of this loss was incurred in
'rtlie 'two-'ittQxiflift ended'^^epjt;^0p«l.whQe^tii6
"

per

'These figures do not reflect
exclusively from operations. ;-

T

695.467

,,,—

t(Including Wholly-owned Subsidiary Companies)

.FISCAL. YEAR-ENDED

Sept. 30—

"income 'after all charges gnd -

Earned

*;!

lithographic presses

' '

RESULTS FOR

Years Ended

■

1944

v*-y^.MW.'>v"r^;'-v^.-,

.-'

-■

.

> i

'

contracts

ment

Federal- income' .tax---,-,

■

1946

.

'

;.^946 .rate

1945- '
♦t$68,306 \(.«'$279,115" $1,621,102

Oct. 31-r-;...

'high speed

not

.
jarring unforeseen, worjk
anticipated and we estimate

,.

first-mortgage

.

Hfyes

deducting refundable portion cf<:anidian: excess profiter taxes.
colnpanies* shafe of the earnings *of a Subsidiary toriiwholly-owned and not consolidated, less dividends received,

♦After

'

bond"'
3413.

viz., 10y2%, or $105 per $1,000
,'!*

M> .»v». WW...Q

in the customer's plant
v
i

-

preciation

of

£•; NOTE—The.

$14,059,058

companies'

in

1946 and

$14,079,286 in

1945.

•

equity in -subsidiary- company not whollypas-increased from dates of acquisition to

owned and not consolidated,

Aug.

31,. 1946, as yesult

;$909,968.-V. .164, P- 2950.

of profits less dividends by

amount of

an

v : •

;'

-

,

,

"

,

Volume

165 ;

Holland Furnace Co.—Earnings—

\

Quarter End..Sept. 30—

; Profit

1946

'

^Intertype Corp.—Declares

1945>
$930,600

1944

prpyUion—532,734

372,240

,-

;

v.1943..
$894,275 -V $1,046,683

-

before..taxes.:/—$1,401,931

.Federal, tax

.

THE COMMERCIAL &
FINANCIAL CHRONICLE
211

f
.

Number '4559

.357,73.0

,

On

;:on

418,673

•'

'Net profitPA
$869,197 /..$558,360
/,$536,565
number of cap.vshrs.__
900,884
450,442
450,442
ISarnedr-per:
"'/- - -t 59.96 ,.
$1.24,./
$$1.19
H ivFor -tbe nine naontha ended

$628,010
*450,442
!,' A $1.39

.

s> icr

$1.78

»first

,

:-16V-p^£13.6',v';

7.,.;v

v.-,>■■■'">■-

; y .-v.*

;..o

"

•

;

;v\

*9 Months Ended
Sept. 30—•»
v<«*Net profit.

-

———

1946

<<■

•

t$817,742

—

>"f Earnings-;per class OB

'taxes and minority -interests. ,-tOn
/ in" 1946
and on class B stock in

-

be

prior

v

used

for

ilncluding $3,787,266
,$666,666 [from previously

credit, consisting, of restoration oi
•established reserve-fo:; postwar
contingencies and the credit for
';tbia 1 federal excess profits taxes refundable
pn basis of
to

$3,12.0,600.—V,; 163,

3135.

p.

••

j>

'■

Hudson Motor Car

r
r,

(Including

<,

■-«;

Domestic, English

3 Months Ended
Sept. 30—•

/Net .income

.

and Canadian .Subs.)

'

,

v

>

,

1946'

,

"A 1946

Proceeds

of

;.

common

1945

.

(and

;

.

:

./■

9

,

^Earnings
♦

zL

vsfco. Federal

(

' 1

v

.

(

'

-

sliares.

SLoss

after

Net

,

-

t

-NovemhCf-^

1946

railway—!-

$5,262,000
;896,925 ?

4-3Net ry..pper.. income^-i"
«From January %—

,.">1945

./

i

/

.-1944

10,649,354

1,121,634

vl,311,789

The. company

reports, that-its

income

Inspiration Consolidated Copper €o.
9.Mos, End. Sept. 80— l'"i:i946
C ,1945
-

"Tqtal 4ncouie_.

$1,553,768

3nt.

1,420,439

y

test.)
3Prov.'"*forAdeprec,.

" J,

,

.4944

.

'

*

\

|

Net

.

^

OCT.

$270,100

$416,700

>874446

/

at

.

863,325

$1,458,482

capital stock.

-

*

—•

Jan.

1

1

-

>v

*«Net
'•ENo/ of capital-shares——
3Barned per -

-income_—^——-i—_————$611,299;
r

share——————

"

•

-

1

r

of

issuance and

.International HetirQla

'

com-

Month of

"

~

Years

Nov., ) 946

'ShareT—

-

t

1946

>

-

r

-1945

;

V 1046 ;
$2,297,893

railway*—_
railway
:Net ry. oper. income__»
7 From
January 1—
Gross from
railway—...
3Net from
railway—.
'-Net ry„. oper. -income

w

-1945

1944

-

833,217

798,527

342,507

289,502

?4,474;626

27,196,967

3,226,719

/

:

w

,

-

..

3,189,069

3,164,898

S.! Rockefeller

has

been

eleoted

ls also

director

a

.

caused

,

by

of

the

this

recent

death
.*

•>

^Aumojrity.^-V. ,164,

International

a

and

p.

a

member

2692.;"

Silver

of

A,

v..

the New
'
V
.

York

;v

.01

tools,

30^"

profit

-*Based

in

•4-for-l split,

-.y

—_

"tEarn, per share..

H

194s r/

$1,014,998

-

'

■

shares

:-'4944A;
$1.06

outstanding

and-Federal taxes.—V. 163,
p. 285,5.

Interstate Department
Stores, Inc.

Period End. Dec. 31—

after
:-

sundry receivables

-

December Sales

1946—Month—1945, 11946—11 Mos.—1945
- $6,811,476 $49,131,308 $41,613,889
■

*

■

,

.directors declared

a

dividend

.of $1.25"

per share on
'P^ejred 8tockv h^PArvyajue,;.payable: M&Mh 31, next, .to
holders
^
Ma^ch, 15i 3947' A similar distribution was-.niade .our
Sept.3 Oct. ?^°C' ^'riast year- which compares with 50 cents
2,
26 and
each on
,

rw

Dec.

22, 1915.—V.




164, p. 727.

April

cents per
gains
paid

•

"

to

distribu¬

share

in

for

tho

November
[

'

.

"

Graham-Pa }ge Motors

Net

164,

Corp.

164, p. 3292.

taxes.

fLoss

after

.tax

~j:!;•/',&

and

$1

common

7o

preferred,

of

in

4.%

preferred,

v'-

share

new

cash.

would

receive

66/1 OOths of

share

a

of
; '

•.

receive

shares-to

be

■

"

'

-

9 Months Ended

;»"

j' \

,

Sept. 30—

common

^."733,708

2,248,523
$2,959,173

(net)

929,196
—

.

1,675,304

1,198,15®

$2,029,977

$775,745 :

'

,$1.45

^

shares

and

$386,537
$Q.68

after

outstandmg.—V, 162,

■ >

$477,154
>$0.81.

dividend

require-

p4 3074.;

v

,,

:!;;

Sales

.

:; 1

^

J

r

d.*"»'•'

'
,

»

^

1946—Month—1345

..

39,664,652

-

"

'

'

ended
—V.

33,566,569 251,134,618 222,907,671

3145.

p.

•/>:,

Lake Superior &

.

'

November—
from

railway
railway....,—

—

!

from

railway
railway——

Net

from

Net

164,

p.

:

1946

115,575

11945

$187,025
-

,.

'53,782
36,751

1944

,"$160,237
/47,488

>

V

30,876

V

1943

$165,451
Zv 33,231
16,709

2,213,221

2,864,505

2,910,522

651,383

2,913,922

1,412,758

-1,432,383

377,051

1,429,823

775,192

780,521

826,681

and Federal

taxes.—V. 164, p.

828.

Bryant, toci—December Sales Increased 11%—

Period End. Dec.'31-r^
_—

UV. 164,

/

$258,230
;

2959.

/'■•After charges
Lane

operation during the four weeks
2,736 in the same period in 1945.
■•/;> / •/// ";/v/!, ;v ;//;/.//•' ,

98,397

—

ry.. oper; income.

-^•V.

;

1946—52 Wks.—1945

Ishpeming.RR.—Earnings--

ry. oper.' income.
From January 1

Gross

1946, as

56)235,373 -41,873,749 567,461,071
452,842,261

average number-of stores in
Dec. 28 was 2,621:;-as
against

164,

,

1946—12 Mos.—1945

,

1946—4 Wks.—1945

u_:

•[./-"•The

/

$1.53t

*

Kroger- Co.-^-Current Sales Increased
34.3%—

i,s$U3

$1,237,398

.900,00®

1946

The company had 696 stores in
operation during
December,
against 705 stores during
December, 1945.—V. 164, p. 3145.

:

carry-back;

$2,178,244
,1.940,846

//i 1945
"
; $1,909,90®

915,550

share-w^/.*—$1.52

t

/Period End. De.C,31-^

300,000

$9,007,236
''3,270,778
"
734,708
1-2,823,506

*

$1,897,229

(S. S.) Kresge Co.—December Sales
Rose 18.2%—?

'

$$397,808

"•>1945

:

"

-

shares.-—

Net
•

,472,712
>3,531,308

—

..now

■

'*■

1944

Qo.—Earnings-»-

&. amortization

1,387,001

.1,000,464

•'

•

income———_w——

Sales

I

1944

497,861

♦period End. Dec. 28—

,

,

1945

,1,273,606

preferred stock

Number of

Net

1946

—

on

;

$16,102,672 $14,413,147 $14,232,86»

^

Gross from

...

p.

3145.

!. 1946—rMonth—1945
1946—12 Mos.—1945
$3,991,113
$3,595,788 $45,203,666 $37,452,225

Co.—fEarnings—

-.>ahd: taxesa

sh.

old

one

Koppers .Co.r.Inc.—r-Earnings—

>

603,759
;
" • ;

300,000

i_—

•Period End. Sept. 30—
Net -.profit after ychgs
per

common

after charges

ments

\

.7 Nil: •*•••■>•
r:$1.41-

2019.

Kawneer

preferred,

'

1,508,610

to. Kaiser Ac

shares—300,000

charges and Federal
v 164; p. 3414.
■■

p.

.

4

;

$47;367,471;

share——w—i--.——.

income

of

5%

!/;■! Net' profit
; •Earnings, per ^common,,
share
./ [Based on.the 481,119 common
v

1

~

>■'•'

deductions

-

of

■

of

sales———

Net

$5,864,201

——

Income

=

common../.-.
stockholders would

Earned per

—

Earn,

semi-annual

totaling 71
capital

$24,747,$17.45

plan filed with SEC, holders
would receive:
7%; preferred, one share of new
4% preferred,
of common and
$9 in cash; !.;:v;>-(

of

share

share, of

.4,447,439

'' ''''

Interstate Bakeries
Corp^—$1.25 Preferred 'Dividend—
$he
.

„

regular

164, p. 2959.

Federal tax, provisions

Sales
"

to

to

from

>; i'

-

*

——

11 'MosyEnd. Nov. 30—

Taxes

modified

share

Preferred

;Net

$47,367,471'-

Operating revenues
Operating/ expenses
Property retirement

—V.

$29,969,603

declined

'//v.""

407,000 of the 440,000 new
issued, and common stockholders
33,000 shares,
i
Under the old plan, preferred
holders were to receive
396,000 of new
/common and common holders
44,000 shares.
The ^amount of the
cash Is increased to
$194,871 from $191,484.
A—V. !64, .p. ;3292.
t ■
■

>

Kansas Gas & Electric.

•.

notes

from

share

per

/ Kobacher Stores, Inc^—Earnings—
['^Months.Ertded Get,.Sl-^
,1946

*8,775,536

;
and special tool installations in
progress

Operating income
—

Seriest

:.*

196,313

and

^Kalamazoo. Stove. & Furnace
Co.-r-Earnings^
^9MOTllhsEhd«dSept. 30r- ; vr V ' 4946
1945
loss—.——A—: • $$290,634
$$422,729

v

decreased

value

•

2,000,000

Project.
equipment at Willow Run, Michdies, jigs and fixtures (less amortization

from

'

#

assets

asset

-share of 6%
preferred, one new share
shares of .'common, and $8 in
cash, and

common

•Net

Earned per

;

the

severe

(approxi-

.$11.2,197v-^—4——•

•After

*«

-

10,5?3,442

Corp. at cost

market. $1,250,000)

,

^V.S 16T"pT~3r44<7T"^"~": $6'844'095
t

-*>'

•

'[$474,860

$0.54

all

common

1945

$284,664

$2.54

periods en 364,792
t After
charges

,

\

net

net

each

each

Each

>

/ hew

! 58,047
10,934
>115,410
1,188,511

:

—,

Long" Beach,* Califr

•No.Haf capital

the

each

For

;;

1,029,479

!

Co^-Earnii)gs^

(Excluding wholly owned Canadian
subsidiary)
Quarter Ended Sept.

the

that in addition
"distributable income";

/ eight shares

■

.;
•Net

"

*?Net

[

$17,232,258

Jl

:

•After^'depreciation of,$78.835.—V.

;

of

1,717,833 to 1,745.619, the report comments
market decline
during the latter half
the distribution of
$1,130,529 of capital gains previ¬
of

'<$50 par),' li shares

09,2285

772,720

deficit^^^W/.—./-^.—^009,563

Assurance
City Airport

•

shares

.

;
116,128
iSundry accounts payable and accrued
expenses
1,326,678
Common Atpcki par
Capital, surplus..— "<value,-,.$l)__—4,000,000
50,466,274
Earned

a

of

amended

4

.•

com-

.

director of Rockefeller Center.
Inc., Eastern
McDonnell Aircraft
Corp., • Merchants Fire

lanes, Inc.,
Gorp. of New York,

t

31, i946———w 14,236,847

WestwillowVillage Housing

International Nickel Co. of
Canadav Ltd.-—New Dir.—

Epany, to till the vacancy in
the-board
«©f Thomas Morrison
pf Pittsburgh.

number

-

.;/i'iFra?ier:>;JParts Corp;-/./.i-.--/uL/.

.

from

For
•

^

Accounts .payable to
Graham-Paige Motors Corp

27,115,106
10,200,213
3,838,492

8,543,746

;

the

year .the

from

>>

32.601.231

.

^ i

——/

Corp

and

TxAdefaccounts; payable—:

976,809

•'

•/'

ten

_

-'-J

quoted

Advances

347,831

28,176,769

7,960,446

279,506

•

and

report

For

;
■

L>eferred,charges-^-^.-—-211,492

;1943

the

1

Machinery, equip,

$2,732,539

result

a

while

/'./Under

•

?>

6S.m,

;v - ■ A..;
'J' '*[

■*

/[■Total

•*t^Y®'oclcefel'ler

J, "J

$50^466^274

LIABILITIES—.

$2,578,534

of

company, a subsidiary of Long Island
Lighting Co., has modified
recapitalization plan to conform with
recommendations
-made by the SEC to
increase the distribution •
of new
common and
0, cash to preferred stockholders.
'
1
'
•
i
'

TOtal

*

—V. 164, p. 2959.

l

'

„

Portsmouth Steel

mate

"TLt

■

assets

Kings County Lighting
Co.—Modifies Plan—

its

$15,009,568

of

:

net

,

•

vendors

Earnings—

$2,477,180

258,720
'.5,964

"

to

Special

,

,

International Great Northeyn RR.from

'

'

Property, plant

" *Inc}iides $580,000. .from
ijsale. ,o.f real estate! not used in
:-4Based cn 4,200,010 shares
operations.;
.outstanding. t'Oecember sales /ndiqate ft figure in excess of
$5,000,000 also," C. Russell
Feldmann, President, also
"disclosed.—AT. • 164, p. 3192.
•
^
;
;

from

•«'

3

Advances

:

.

November-^.

(-i-1'--'

r

Inventories
Qapital stock

.

Ended Oct. 31-

$$5,504,140 $40,810,028 $36,244,180
250,317
• 1,012,124
p., 882.325
-$$0.21
;
$$0,.84
f
$0.77

-

^

Reconstruction; Finance.

Coj:p.--SaIes,and:Earn.ings-^;

..

9.

p.

the year

"

-

-

„

Graham-Paige Sales Corp
s-GrahamrPaige

;

'

:•

$l,485,493i

.

83.672

JnteraatlonaL^Corp./,———-w-—

;

$1,890,939

-Quarter Ended Get. 31—r
f'
1946
1945
/•Net profit^i/-—
$159,921
45®
/ Earned per sh. on 384,465 Com,.
ahWefSn——.-J
$0.36
;
Nit
After charges" and
taxes.' [Net loss!after
applying $119,637 carry¬
back of taxes at normal
rate and
excluding refunds resulting from
[.unuSed excess profits tax
credit or loss carry-back.—V.
164, p. 2547.

2,892

,

.

'

.$393,948

:|/[;KIng-Seeleyi (Corp.—Earnings—

15,023*851

.-^—'$17^65,043

distribution^-,-

*.

,

; Customers
[

.

$i;27

^

1,266,493

$556,868

The

1946_

/[Accounts receivable:
.

>'

..1,204,370

/year, the .special 'distribution of
[amounted
65 cents g ;share.—V..

r

'

$00,000

$1.02

"as

tions

141,608

,

"ASSETS—

600,000

—

charges and Federal taxes.—*V.
164^. p. 3414.

$2,751,983

.

312,050

Observing that during the

-

-

^ -

iCash-;;/,////:-—

*$762,741

$3,095,308

$705,999

.

>

'

The

$14,320,720

OF- -SURPLUS

-

Net loss for
period of 10 mos. 'ended' 0ct."

1945;

$846,872

,290,104

4$14.!8.M/':
V

;

»

;,.y,

^Balance, at Oct.;31; 1946-^

1946

$2,738,435
13,553

-$3,22^077
•

Balance.,at Jan.. 1,.1946-,.,

income

Dr2,505

.

—^r_—$14,236,847
^

1,

"y A/

■

tlnclydes" Arizona

-

$3,097,813

10,970

/Keystone Custodian Funds,
Inc.—Report—

•

/

Parts Corp

>

*. Balance at Oct.
.'31,1946—1—
Earned surplus-r-Deficit:

$1,10

$695,028

Dr588

'•••/- :•.; ;/••
X'*'\*.■' j,!
• '«
v

.$3,085,169

-

.

$1,294,534

$1,23

Sept'. 30—-'

Period—•
•Consolidated sales
"■Bet profit After
taxes

'

'

$1,461,755

13,991

Keystone* Funds amounted to mor®
i than $153,000,000 on Nov.
30,? 1946, it is stated in the
report for th»
; year ended on.
that date of the Keystone Income
Common Stock Fund
Series ,"S-2."
'

...»........;v:->
/jnon>(Stock -to;underwriters,,after
deduotii^/'
underwriting^ (hscounts- and / commissions^ i;,
•
of., $i,9J8Q.0Q0 ,and—Jess $1^00.000
/par
value) (.-allocated jto-ycommon
stock—32,670.000

?•

Expense

.813,592

$1,086,977
$0.92

164,

100,

.'

/f Proceeds f romsale of
1,800,000 shares of
'

International Cigar Machinery
Co.—Earnings-^

'

V.

1946

J

CONSOLIDATED STATEMENT

'/

•Balance

$299,500

1,266,493

$1,864,677

$847,460 '

.

i>

—

ously; realized, total

31,

produqtiohT.—-T--T-S-

,

$848,962
,$0.72

."Gross income

of

1

1—

;:'Capital-.surplus^;";>^;

29,900

T"*'

1,204,370

$383,962

290,104.
$559,355

Vl; Net incmoe

-'

expensesr:^rT^':!--T*-^-~w.K,^—2.521.053

loss—!-■

/

.

$3,229,030

•

y

>

■lAIr

\

j

,

$298,400
''{CA

and

*On 1,181,967 shares- -of
tfiax.—«V. 162,' p. 2643*

Daurance

1

,

alphabetical

near

'

—

$729,796
312,050

,j

income

/ "S-2" Fund increased

pidor to

$2,888,791

11,014

$882,766

-

.Interest & other
deduct., 1

-

406,4Q6

9 Mqnths"Ended

as

MONTHS ENDED

—-

,

-

,

-

Gross

..

-

■

'

^fet

..

Balance loss
BroporUon; .ot.-loss; applicable -to
minority, int.--of GrahamPaige Motors Corp;; in Naiser & Frazer

-1943 >
$2^45,865 .^$2,580(554
157,091 *
-«>153,295
*

A

-.Net. income, without
-^deduct.. for.;deplet.«
.••Earns, per share—A—

per

».'«•»•

-

$2,874,803

'

•

—L

■■pbsolescence

-^Earnings

' I-

•"

r

• After

-

BALANQE SHEET, [QQT; .31, "1946 •/

Cost; 9f;salea Jnpi^iiifg. -exps.
Adm^inlstractive, and^kelling

,

2692.

$J.; S. income taxes, etc.
-{'

A

i

.

'

Other -deductions---—

Earnings—

,

$1,931,223

and .bond exp/.li.
3Res. for contingencies-

V.

>

(&:> Subs^-^Eartiings-

10

CONSOLIDATED

Total income-:

:wholly, owned subsidiary,' C.bmpania

f$44,249;fpr...the-seqomt quarter<pf 1948.—V. -164,,p.

■•■

>,$.2.44

MisceUaneous;itfComeit/.ll^^-,—<

9,045,487

for the quarter ended Sept.
30, 1946",
$43,034, after taxes, against net income
of

of

^'

4,794,398/,,4,050,661

1$4, p. 3144.

TDistribuldora Westinghouse, S. A..,
net

.

$3,231,513
X)r2,483

:*

.o*'.*''-V T--'fV/!•5.-''•

EARNINGS -FOR

'^415,043,'^ "•>
124,250

-

*v»v

[-'Net' sales——

10,084,087
3,160,636

910,812

,

>

Tndusiria Eleptrica Dc Mexico,1 S.
A.—Earnings—
a

"W

•"

I

-

Net .operating
incoipe
Other incmoe
(net)

\

<•;

.^aiser-Frazer! /Corp.;

'V1943

•

>=v$886,255

.■

8,697,734

•

,2,393

v

.

railway—-

•beficitc-V^

.-showed

•'«"

always

•:

153,580

frqra .raUwayi
;2,158,306

\

$2,410,000
891,911

NOTE—'For mechanical reasons it is not
always
possible to arrange companies in exact
alphabetical
order.
However, they.,are

-

385,077
114,055

•

T^Tet ry.joper. Income—l

;

'

v

^positionjam possible.

$932,576

'-:;$753,219
;293;384 ?>•.414,440

4-:

'

y

l/i"*"

11,836,953

$718,783

Dr588

'

that

1 "

$874,539

<;

fjtJeti(^rpm;-raUway----.—
.Gross from

1'

•

[••...••

...

$883,355
>

& other deduct.

Combined

■;

Illinois! Terminal RR.—Earnings—-

3

-

t

•

11,835,926

:

adjustment to give^ffftct

.

from

'**

•

3,088,428

;
EARNINGS OF COMPANY ONLY
:
i;;; Period End..Sept. 30—
1946—3 Mos.—1945
1946—12 Mos.—1945
.Operating revenues./— • $3,790,429
$3,600,685 $14,275,573 $13,864,109
[ Oper. exps. and taxes—
2,942,969
2,905,657
11,177,760
11,125,674

credit arising; from loss carry-b^ck..

4

•

Gross income

underwriting.—V., 165,

.

-•Gross

J-

,

Subs.)—Earnings—

3,119,389

1945

company on Dec. 26 filed a letter of notification
with the SEC
) for 10,000 non-voting shares
of common on behalf of Daniel
C. Gainey,
wPresident, •to-be offered ut-$9 a share without

A
5
-::;For the quarter ended Sept.
30,; 1946, net loss was $85,233,
after
;«charges .and after adjustment to
give effect to Federal tax
credit
fr.Qm loss carry.-iback.—'V.
165, p, 74.

v

ji '

The

t$360 596

(prising

J

' .'i '

(&

:

Manufacturing c-Gq.; >pwatbnna»^

.(-■»'

Co.

——

♦.Interest

-v/-,

v

119,12a

-

——1-

J;
common

^ax

$978,000

"•j,-

A-* - $0.49
, $0.18
tlncludes Cleveland Globe
Stamping ,divi¬
;.i944,: -»the? dette;'Of acquisition- thereof,

sion-operations

v;

tOn 593,865

.

;

;■

'

$3.49

1946—3 Mos.—1945

Net operating income
Other income
i.net)——

i

$1.06

-share-lj-__—$5.58

:

'

-.v>

taxes

!'4

■

-—'!

rvy. m, p,:.«692), v.

%With'

1944.:'

Nil

-

"-After, charges and taxes,

:

1945.

-

&-§$187481:

per share-.-—

-tOn 1,- 995,016

1946

,

,

sh.-,'

com.

Kentucky Utilities

$78,583,243 $73,193,024
9,018.000
5,938,000
3,756j000
3,528,000

.

Corp.z^Eariiihgs-rf a;;

Months Ended Bept; 30—

per

will

1944

.

1946

taxes_.

.

; |Iupp;

$212,843

384,980

$243,569

-

!

$218,619

395,984

$571,058

Subs.)—Earnings—

Sept. 30—

l-

^

331,968)

$1.31
$1.14
$1.10
•Based on 150,000
shares of common stock
fiscal
outstanding at close o*
year, After, allowing for preferred
dividend requirements.—V.
3074.
162,
..'.V

-

^

1943

$6,746,663

456,299
237,680

p.

contingencies

(1945, $1,500,000 and 1944,
$3,150,000).
stock.—V. 162, p. 3074.

Johnson (&

Net Jncom^
;Numbfer :of
IJari\ed per

1944

$7,105,273

taxes——

°Earnings

$1,491,662

$0.54

!

.9 Months Ended

1945

$8,100,085
628,559

-967,042

1946—12 Mos.—1945
Operating revenues——
>$4,002,744 -$3,807,211 $15,067,439
$14,711,750
Operating expenses and.;.'.';:;::.'-,.
•

.

.

for

reserve

A.1'-

."-

;

-

/♦Netj.

1946

$11,230,304
charges—.

".Net profit———.——

.

underwriting.

$1,475,558

-

$2.54

charges ..and.^Federal -taxes

^

j

after

Federal

Subs.)—Earnings—;

—

-

T

■

sales

Net

for-working capital.-^V. J64,

income Aaxes.

charges——/t$508,-965-/;• *$534,21-3
Shares
outstanding—-.^'—,^:——..—-——— /L,8J5,783„ > 1,685,810:
^Earned per 'Share
JiJJ—
v
>$p.28' • .--.v 'V-Nil"
*Los*. ' tAfter
deducting $337,196 Federal, - State and- -foreign >
income '
>7taxes,-«vV...163l <p.-3418. '
>
'
*.

,

:

1

.without
be. accepted.

will

and

"

Sept, 30-^

^•Profit.^before, income-

<

•.

i

units

Sales

1945 *

•„!'

-

,50

obligations

~
,

*

<

L

after

■

(-.

i

,,

of

$1,518,496

^/Johnson

'■

Co.—Earnings—

Ended

(7946, $1,050,000)
";•?

"//-"

•

.

payment

per share

-"".After-

shares

.opera¬

A

; ; ,"

9 Mos. End. Oct.
31

Net

of

,

Island Creek Coal Co. (&

;

poten-

current

nt ions ".amounting

payment

a

Period End.
Sept, 30—

/•Earnings

years,

oipecial

1946,

Corp. of America,-N.-Y.—Files with SEC

$ p.>3144.

stock ;

common

of

'

£No subscription for. less ;than

$0.97

s

quarters

164, p. "2547.

-•v

•/ •- > $1.22
share——:>//'/• $0.63
;~i,. '9 Months
.0After,.reserve,ror contingenciest; Federal
income;,arid^excess;profits - '/.'•Net !
785,000 shares of

:'A

•

,

four

.•

$1,281,403

'

the

of

made'.—V.

■

1944

$1,088(909

-

each

was

The. company pn Jan. 2 ,filed
a--letter of notification with the
SEC
for 55,000 shares ($1
par)
each 30p cumulative
convertible preferred
f.and 'common- (par 50 to be
ottered at $5 a.
unit, consisting of one
share of preferred-and one
share of common

1

1945

directors declared a dividend of
30 cents per share
payable March 15,
next, to holders of record

*7

i

i

Kennedy's Inc.—Earnings-

stock,

|; >« Intra^Video

V-

JlQUdaille-Hershey Corp. (& Subs.)*r rEarjiin.gs^-'

the

8,

common

-

.

Sept. 30,. 1946, netilnconae was
$1,200,206,
share, compared with $1,500,051, or $1.66 a
share,-lor the
months
of
1945,; based on presentshares -outstanding.

a

nine

.

•;!—V.

Jan.

the

March :!, 1947. : In
"'25 cents per share

,

Larger Common Dividend

*

011,

1946—3 Mos.—1945

$229,887

291

370' common shares.
—V. 155, p. 1312.

1946—9 Mos.—1945

Lane-Wells

Co.—Earmngs—

Period End.'
<

;

$2Q,679

$542,132

♦:

$262,255

•Net

Sept- 30—
-profit:—,——,——

No. of

$0.79

$0.97

$1.86-

$0.90

capital shares—
Earned per rhare
•After charges and

1946-r3 Mosc—1945

1946—9 Mos.—1945

$253,000

$128,400

360.000

360,000

,360,000

360.00®

$0.70

$0.36

$1.63

$1.08

taxes.—V. 164, p. 1872.

$604,100

$388,400

Monday, January 13, 1947

CHRONICLE

G0MMERCIAI4 & FINANCIAL

THE

The

the limits of the field are not yet defined.
subsidiary, also has completed as a good
its sixth well in the Chance Field of Pratt County, Kansas,

production is anticipated as.

Electric Co.—Earnings—
..'-.v.". '/ ■ 1946

Lawrence Gas &
Sept. 30—

9 Mos. End.

Federal

taxes

__™__r

^

1945
$566,867
258,909

$373,052

producer
Col. Barton added.

$307,958

r-,

«!

Income

Net

*

'$577,563
.'••• 204,511

after charges

Net

in

'•

" ?

November—

—y. 162, p. 783.

v/'V.1;

substantially all obtained this year.
Contracts
foreign countries.Approximately two-thirds of
the total active, contracts
are for oil refinery construction, the re¬
mainder being for the iron and steel industry.—V. 164, p. 1873. *::
' •

.

?

$3,277,005
Net
,488,222
Lehigh Coal & Navigation Co. (& Subs.)—Earnings—
Net
'' • *74,544
From January 1—
:/
Period End. Sept. 30—
"* 1946—3 Mos.-—1945
1946—9 Mos.—1945
♦Net profit
Gross from railway™™-,42,583,700-: 41,930,967
41,612,077! 39,867,645
$828,444
$587,232 $1,892,408 $1,495,263
No. of capital
shares:—
1,929,127
1,929,127 , , 1,929,127
1,929,127 7 Net from railway™ !! 9,053,620 11,065,172 10,540,933 .•> 11,542,262
Earned per share
;/!y $0.42 !/-■:
$0.29
$0.98 . V $0.77 1 Net ry. oper.. incomfe™.
884,722 .1, 3,345,903
2,779,338 • 3,814.038
railway,™!

from

Gross

$3,809,114

.

designed. and constructed. ' This total

be

of- plants to

work

include

$3,406,570
from railway
_™"':v-;<710,934--r". ^593,361;!/ 670,273
ry. oper. income.™:
' ■ *75,771
nil,306
' 104,730

1

process

$3,351,600

$50,000,000,

above

is

? z-??--V yyy ^ :
1944
■/■;,'? 1943 Q,;

RR.—Earnings—
"~ 1946
1945

Long Island

in

cost

the

.in

,

discovered by Lion Chemical

The Chance Pool Was
September, 1946.—V. 164, p. 3415. 7 -.'

'

will, start the year with, a larger dollar volume of
than in any previous peacetime period, measured

company

contracts

•

ChemieaLCorp., a

The Lion

in -lo

McLellan Stores Co.—December
Period End. Dec. 31-—

a

7

Sales"_™_;™M_'™.r_™„_

164, p. 3145.^ ,,;:-,

■—V.

McQuay, Inc.;

,™™_™

.

Sales Rose 10.3%—; ?

1946—Month—1945
1946—11 Mos.—1945
$8,155,053 $7,392,127 $46,083,652 $40,694,997
^
,
'y.,

?-

Minneapolis—New Directors—j

-

Roy J.

.

taxes.—V. 164, p. 1329.

and Federal

♦After charges

*

'

England RR.—Earnings—

Lehigh & New

•Deficit.—V.

-

•

1945

1944

$468,910

$385,285

276,529

140,491

143,792

55,301

85,778

83,314

42,294

Net^ry. oper. Income.
From January 1—

158,886

ra,lway_.

6,213,160

5,276,469
1,259,338

5,828,733

-

-

.

1943

$501,762

2959.

5,555,414
1,982,097
1,206,737

November—

rahway

from

from

Gross

1,953,042
1,148,522

income.
-V, 164, p. 2832.

Net

oper.

ry.

2,01l;991
1,207,704

842,847

net

corporation's fiscal •

of the

Dec. 31, 1945, was $52.71,
$5 per share paid on June
V..r
changes since June 30 showed net security

The comparable net asset value on
deducting the capital gain dividend of

year.
after

25. 1946.

-.

''

Net

ry.

Net
Net

r£*

*
•Interest earned—••••
!^ 6h U. S. Govt, oblig.

*•*4

7/1946 '

7'

Other bonds

Gash

dividends
in

^Other income
Total
Salaries

- *.

u

fees

140,088
6,500

123,659
4,800

^.*.™.*™™™_

;Directors'

:

/^Contribution
to, employee.s retire.; plan-..
Manage, compensation♦Registration, etc., exps.
Prov.
lor franchise
&

*-

<

,

misceU. taxes

—

20,560

' •

62,500
34,857

——

v
-

32,562'

.

62,500
20,671

62,500
33,396

.

• '

; ;

15,765

10,612

**

.

Savannah RR.—Extension—,

190,498,169
83,182,527
23,978.143

ft
'

*

1

SEC—..

W

^

'-h.

T V ?-

,

7 ' ''Jy "

s;

«

Magnacorda Corp. of America,
;

.

for

•

'-'y';

'f

Brooklyn—Files with
'•

"

-

filed

The company 6tt.Jan. 2
(no par) stock

6,000 shares

a

letter 6f notification

Vith the iSEO

and 2,000 shares ($25 par)

stock. The

and its.

'

'

I

1

v

•Includes

'

'

1946

Calls.4%% Debentures—

Year Ended

:

'

Aug. 31—

'\\i

.

outstanding 4V*% sinking

fund debentures due May I,

redemption on Feb. 1, next, at 102 V% and
made at the Detroit Trust Co., trustee,
201 West Fort St., Detroit, Mich.
;
■ ,
Immediate payment of the full redemption price, together with ac¬
crued interest to Feb. 1, 1947, will be made upon presentation, and
surrender of said

1946
1945
1944
$18,840,495 $30,833,761 $27,519,224

sales—

Net

of the

have been called for
interest.
Payment will be

Subs.)—Earnings-

McCord Corp. (&

59,610.

All

.

Harden, of Detroit,
<
, -

1956,

estate,—V.,;165,' p. 75.

expenses

u

non-recurring

^working capital.

1945
taxes™—
♦$760,347
$202,983
" 343,000 / 343,000
$2.22
$0.59
profit of $119,877 from the > sale of real
'

Ended Sept. 30—
Net profit after "charges and
Common shares!™™
Earned per share

'

Baker, Weeks &
Mich., negotiated the loan,

Co.—Earnings—

Lytton's, -Henry C. Lytton &
9 Months

'

90,537
8,900

! '• ! 36,700 V S 32,608/!/ 28,902 '.i/28,938
*S.
'• U ■
\
•//•>
■
i—
->:Net ordinary income. ; $1,837,797
$1,324,328 $1,429,640 $1,370,976
Miscell.

7,033,637

k

62,500
29,648

; ,

of

■;./ 7/!

'

- . ,
• -—™

-—i_

'

•

'

$1,651,1091
. ,

Nil
tax

The deadline for. assenting to the plan for extending until Jan. 1,
1972, the maturity of the 5% bonds, which matured Jan. 2, has been
extended until Feb. 37 An ICC examiners' report on the extension
proposal on which hearings were held is expected soon. The issue is
now
technically in default with failure to meet the maturity on the
$1,529,000 of the bonds outstanding.
The road is controlled by the
.'Seaboard Air Line RR., although the bonds were not assumed by the
i reorganized;Seaboard.-rrV. 164, p..3293.
> v
t
..

first time in several years.,'
Facilities have been increased,, with the.

3,620

$1,677,462
• 104,583 :
6,400,

.4

close of the war has; pro¬
be Issued
in consideration giving
wholly-owned subsidiaries with improved f; 6,000 shares will of certain to incorporators the 2,000 shares will be
company control
inventions and
>•**.;
sold at par without underwriting. Proceeds will be used for working
acquisition of the /Marion
/capita).!.!■;:-•*'!7
(Ind.) plant and the expansion of the Toledo (Ohio) plant, and the £?•'
+
V
i •*
^
\
* L < »>• '-'a, y
addition of new machinery and equipment* ;
1 ; - . ;
/
.(The R. C.) Mahon Co^-Arranges $2,000,000 LoanShipments were more than 20% above the previous year and once
Private placement by thiscompany of a $2,000,000/15again establish a new high in volume.
Profits for 1946 wiU be /above
the dividends paid during the year.
year .3%% loan with the Metropolitan Life Insurance
A very substantial volume of unfilled orders insures the requirement
! Co. was announced on Jan. 9.
The proceeds will be used
Of capacity production during 1947.—-V. 164, p. 2288.
to retire the company's 4%% debentures and increase
The

$31,242
'55,294
$ 1,557,870
!! ,73,084

67,399

63,818 -

41,113-'.

$2,133,434i-'$1,610,033

Li

Income

$0.04

;

™'™™

tLoss after giving effect to Federal
$.46,000 and profit qn sale of equipment

results for the

w /

.

189,400

y.

2,050,051

part:--

Werbe,- President,-, on Jan. 2 isai'd in
first full year's operation since the

vided this corporation

'l944 !/// 1943
vg-^^
1945

.

$66,861
$32,283
$38,629
"V1 i 26,881 - !./ 43,987 ? /• 52,454
„™' 1,977,266 >1,446,848 £1,498,843
securs:!' !-! 21,312. ;
23,097
20,137

V; On

^Taxable div.

/

ENDED DEC. 31 !.

T.- C.

1945

t$140,537

;

and charges.

credit, of

carry-back

$17,158,414

Ind.—Has Record Sales—

Lynch Corp.; Anderson,

■

.

1946
$8,280
189,400

'

.

;.V;$126,453r-y,:

164, p. 2959..

—V.

the corporation's fiscal year.
!!/:./::A-y::r.x
The largest single concentration of investment's

income

oper.

22,641,858

14,407,717r 21,745,165

'

the end of

continued to be in
piiblic utility securities, which had a market value of $22,259,904. The
'next largest holdings were in the oil group with a market value of
$15,907,350, followed by securities of merchandising companies with, a

ry.

182,645,758 196,140,879
57,744,999 75,572,380

26,739,804

railway

from

taxes

which

Co.—Earnings—

share™._i._„_—

per

♦After

1943.

2,701,877 7 3,079,610 / 6,927,452
1,419,517'
1,618,6422,108,206

1—
railway...*. 155,651,086

from

Gross

was

•

-

.
• ,
underwriting group

capital shares

Macon, Dublin &

income

oper.

Earned

compared

an

profit!

Number of

the

headed

stock of McQuay, Inc.—V. 164, p. 3293.

Ended Sept. 30—

9 Months

•Net

»weeks,;.an increasa«;-of

RR.—Earnings—
' 1946 7 "'; 1945
1944 7
$14,620,048 $14,251,929 $17,862,227

railway,™,.. 7,

from

4

.

From January

during the six months period.
corporation's assets on Dec. 31,
$33,919,838.
'
*
' ' ' '
)
i "
'
'
Cash, receivables and government bonds on Dec. 31 amounted to
$15,655,539, or 15.1% Of the corporation's gross assets of $103,634,209.
This compares with a figure of 8.1% of gross assets on June 30, 1946,

STATEMENT, SIX MONTHS

November—"
from railway

Net
'

245^ or approximately $1.60 per share,
The, net unrealized appreciation of the

INCOME

kwh,.-fOK-tbe. previous 752

Gross

Government bonds.
gains of $3,119,-

ytjlde of $8,195,910.

-

..

McWillfams Dredging

.

(Ky.)—Weekly Output

Louisville & Nashville

-

corporation's portfolio
sales on balance of $4,533,567, exclusive of U. S,
There were realized, for Federal tax purposes,, capital
The

1,415,790,000

with.

3.9%.—V.. 165, p. 75.-

>.

recently

/sold 50,000 shares of common

; / :

week last year, an increase of 36.9%. Output-for
52 weeks ended Jan. 4, 1947, totaled 1,470,300,000 kwh., as

<

Dec.' 31,
Robert Lehman, President,

of Lehman Corp. on

of $52.39 per share

asset value

-7

corresponding

Corp.—Semi-Annual Report—

(The) Lehman
A

of

32,953,000

.

! ,7^'-,
Company

&

Loewi

;

the week ended Jan. 4, 1947,
with 24,067,000 kwh. for -the

this company for
kwh., aS compared

output

Electric

V.■ (

•

Electric Co.

Louisville Gas &
totaled

1946, has been reported; to stockholders by
In a report covering the first six months

.•;,/

.7

the board.--

/;;;

tf. ■
SEPT. 30, 1946

and taxes.
s—
—
$525,692
400,000 common shares™™™——•
$1.24

share on

164, p. 3415.

V.

LOewi & Company,-investment bankers,

with home offices In Milwaukee, Wis., has been elected to the board
of directors. At the same time, he announced that Robert L. Vincent
;< President
of Vincent /Brass & Copper Co., had also been added to
7

profit after charges

Net

that Mllo F. Snyder

:;

Inc.—Earnings—

MONTHS ENDED

SIX

FOR

EARNINGS

of Milwaukee, Vice President of

7/

Subsidiaries) i-

(Excluding Swiss

'

Earnings per

railway

from

Net

railway...

from

Gross

Net

\V«/?'

M

,

Lnngines-Wittnauer Watch Co.,

.

1946

$572,873

p.'

164,

Resch, President, on Jan. 3, announced

"

/>.

bonds.-—V. 157, p. 899.

tNet. profit™-»™™_™——
1487,243
609,546 , 608,192
/'♦Earned-per;;share-!u-!-*^*,w!^^/^v7:;*($1.467!->ji«>.$1^1.-;-77■^••:,$1.90:;

NOTE—For mechanical reasons it is not always
possible to arrange companies in exact alphabetical
stock as 6f Aug. 31, 1946,
order.
However, they are always as near alphabetical
ingf reports, etc. tTo cover costs attributable ;to current
after allowing annual dividend requirements on 37,352 Shares of $2.50
position as possible.
> ■ •
'-.H-V BALANCE SHEET AS OF CLOSE OF BUSINESS, DEC. 31, 1946 tvp'j
preferred stock now outstanding.
The company also has 4,422 shares
ASSETS—Cash in banks, $7,618,747; receivable for securities sold, V
of funding stock which has no dividend rights, but is convertible at
$95,195; dividends receivable and Interest accrued, $457,909; U. S.
any time, share for share,
into common stock,
tAfter taxes and i
Manchester? (N? H.) Union Leader—Loan—
Government obligations (at average cost), $7,446,157;-other bonds (at
charges,
flncludes $125,000 credit, representing reserve for plant
A first mortgage loan of $600,000 at 4%/i^r 21 years/ has/Keeh
reconversion and miscellaneous postwar charges returned to income.—
average cost)., $2,620,844; preferred stocks (at average cost), $3,714,719;
y placed with an insurance company by the Charles F. Noyes Co., broker.
^bohimon stocks -(at average cost), $46,939,769; ffiibcella'Beous invest,V. 165, p< 75.
* - , — - !*r
ittfehts and advances, $566,020; real estate investment, $1; total, $69,7'v: 7-•; 7V:/!;/;/7*'!!;' 7
////i £ The financing was in connection with the sale of the newspaper prop¬
erty of Mrs. Frank B. Knox, widow of the late Secretary of the Navy,
^459,372.y.
McCrory Stores Corp.—Dec. Sales Increased 26.56%—
and the Muehling estate to William Loeb and Ridder Brothers.
?

"'♦Registration, transfer, custody

-

.

legal, auditservices, -r

of securities,, insurance,

^^ ♦Based

on-

of

shares

270,084

common

*

^LIABILITIES—Dividend payable; Jan. .7, 1947,

■jl

$5$4,b33; payable for

?

securities purchased, $4,063; reserve for accrued expenses and
-$155,151;-deposit received for securities loaned, $642,850? capital

taxes,
stock
*($1 par value), $1,947,077; capital surplus, $80,712,982; less 300 shares
.held In treasury at cost, ,(Dr)$9,799;/net realized profit on investments
and speoial dividends paid (Z)r)$19,638,615; undistributed net ordinary
■

total, $69,459,372,
a NOTE—No
provision has been made for Federal income tax on'net
ordinary income,.; as the corporation has elected to be taxed as a
"regulated investment company" and intends to distribute during the
fiscal year substantially all cf its taxable net ordinary income, thereby
••incurring no Federal tax liability on such income.—V. 164, p. 2019.

Period End. Dec. 31—

I

Sales
The

_r

December,11945—W

in

1946—Month—1945
1946—12 Mos,—1945 . yyyy-y •
-_v;/!•;:/7J!!7!!/;:777,?!y!!!;!'!7!!v7;,!;/7^ ■, :;/■♦!/
$13.739;471',$10,856,271 $84,5.69,539 $71,282,195
Manning, Maxwell & Moore, Inc.—Earnings—.
stored ip'December, 1946,'as hgainst 199
164, pi 3145)L'- u •
?!V " %" *' / ? 5-7.!.;?/ EARNlR1^' FOR RiNE-^MdNTllS ENDED SEPT. 30, 194^1^

operated 200

company

,Net income

/Net

J

sales™.

Federal; and State taxes

—V. 164, p.

::

The

-

Chase

National

.......mi...

-7.;/ -•./

7profit^-!!-!.v!—$1,381,894•/> $824,760
capital shares
472,600
472,600
1Earned'/per.jshare™™^™.--i-. .$2.9Z*^ ;»s -$1,747

York has been ap¬
stock, $5 par value.—V. 164, p. 2288.
;;'-7•!; '7

Bank

^r

:

of

the City of New

,164,'p. 1873.

t

_

"

.

^-Xerner Stores

'

"

*

"

•

—

Corp.—December Sales Rose 10.7%— ~
1946—Month—1945 " 1946—11 Mos.—1945
$13,024,453 $11,768,672 $91,320,661 $86,081,316

'est in -BPIC—

Sales ....J.

jT-TV. 164, p. 3145.
f-j;f'' '
* r1

Life Savers Corp. (&

...

f

Federal

taxes__—
:y .-..A"

■

I

.rf-

'•»•

>:A*r

• '

700,280
$1.87

Np^of shares outstanding
per
share,.
w—v/163, p. 313.

'

: -

"Earns,

$3,646,440
. 2,789,433

-

McGraw-Hill

Chilton in
of its

;•:•

stock,,

•„

...

$857,007 '

might be integrated

a

program

9 Months Ended

"1946

Earned

6 Mos.

■

$2.47
v

$2.34

$2.87

share

.>

*

under its sole

End. Sept. 30— f

Lindsay Light & Chemical Co.—Earnings—•

v

„

?

Net.

equal

♦On 798,000

share!

*

,

interest with
majority owner

* Profit.

series of discussions
publishing activities

management.—V. 164, p. 2548.

,

$135,696 , $181,160
renovating and
carry-back re' 7 , '

Jnc.—Arringe^ for. Tobin Meat?
corporation and Frederick M.
Co., Inc., have announced
the Albany.(N. Y,). Division
of the
latter organization now provides the beef, lamb and
veal
components of the famous cooked, frozen Maxson complete meals.
Wilson C. Codling, First Vice-President of the Tobin company, directs
! the activities in Albany/for which a large unit has been Installed.
"•The Tobin company, which has plants In several places and ts one
of the large independent meat packers of the United States, cooks and
.freezes the meat portions in Albany, • wraps them in-cellophane, and
forwards them by refrigerated truck to New York, , where Maxson s
assembles them in menu form ^together with the two vegetables that
-make up a, -complete meal," said tbe announcement.—V. -164, p. 2693.
rMaxson Food

:

$79,868

profit™™..:

tAftcr strike expenses of $203,107 and after
cleanup expenses of $105,472.
{Estimated Federal tax
funds.-r-V. 1(54, p. 2959,
.
.

/•
a

*

Systems,

Raymond S. Perry, President' of this
7/Tobin, President of the Tobin Packing
'"/simultaneously an arrangement by which
"

7'

Ltd.—Earnings—
1945
!? 1944

1946 ./' !

>$3,398,901

incl. development-

♦Earns, per com.
;

'

v

,

1

™! $3,337,180

income!—•

Net' income

,

inoom.e.—V. 162, p,: 3075.

,

♦-*<..

>
an

this acquisition becomes the

2,050,257 ' 1,748,463
Tax
provision™™™™! U
326,222 !, 422,536
Depreciation
„'! / 35,004 ?0 55,550
Costs,

•.': ' 1945'
1944 K
- $607,661 h $469,479 5
213,539 .'fvi 189,539

213,539

•;

__«•

*After charges and Federal taxes on.

.;

a

per

shares

•

$613,484

i..

"Number of capital
'

Subs.)—Earnings—

Sept. 30—

^•Net. profit

.

in

Jan. 3.
'
already held

350,140 ": . 350,140 /?::!/•; ■!;;■ ' '■•/ 77 ,7.
$2.32
$2.44
Mclntyre Porcupine Mines,
-y
Gross

.

held by
publishers
Spanish and English for distribu¬

that this was the culmination of a
under which all McGraw-Hill foreign

of

V,

Cup Corp. (&

.

,

It was stated,

/■<;

'

fS Lily-Tulip

Company

BPIC, and with

■ --

• ■• •

$815,054

$1,314,761

.Net profit

g,

*" ' •

'

1944:?:

$3,444,153
2,629,099

$2,370,782
; 1,056,021

The

•

1945

1946

magazines and Buyers Guides
abroad, it was announced on

tion

Subs.)—Earnings—•

r

'

has acquired the stock interest heretofore
Co. in Business Publishers Internatinoal Corp.,

company

Chilton

the
-of

*

9 Months Ended Sept. 30—
Profit before Federal taxesiLw^i--

..

The

;

-

Inter-

Co;—Increases Stock

McGraw-Hill Publishing

rf^Period End. Dec. 31—

$974,171
$2.13

Marathon

pointed registrar of the common
£ 6 i,fi/;' -

—

Corp.—Co-transfer Agent—
The Bankers 'Trust Co.! New York! N. Y. 'has been appointed cotransfer agent for tne common stock, par value $6.25.—V. 164, p. 3145.
:*;!■• v;///--:/':1:'-/y
v-•7'-7.'7. x/.-.■■ 7"7-•'>/.■ /■/:■'••
?
Marlon Power Shovel Co.—Earnings—
.
;
,9 Mos. End. Sept. 30-!
1946
1945
1944"
Loss after charges™.™.™!..!!! 7 f$162,132 ; ♦$226,159 / *$787,651
Federal income tax,es™!.!-™^r-!; *tCr242,00Q,;
^ 90,463
, 606,491

—

Number, of

Products~Corp.—Registrar—r.;■;■■■

shs

2959, \

„

Net

g$j jpebn & Fink

aftfer charges and
440,000 common

Earnings per sh. on

,

1946 ;
1945
$10,952,848 $9,522,486
...
2,254,894
1,572,760
—873,000
, .748,000

Ended Sept..30—
L.
Profit after charges
.12 Months

-

' " '7*

^o^Earnings^--• '

?v McGraw'Electric

ipcpme, $5,061,529;

; $925,697 $1,172,352
$1.16' "
$1.47

shares.—V., 164, p. 2054.

.

?

1943
$3,575,190 $4,110,130
1,879,465 7 1,919,664
,
460,386
647,282
.
73,109 ••
81,287

i

$1,162,230 $1,461,897
' $1.46
.
$1.83

'

;

Mengel Co.

—"Jointly Owned Unit to
' 5'

Warehouse—

• -

The

seventh in

a

Open Seventh

^

chain of

plywood distributing; warehouses

will be

opened shortly at Dallas, Texas, by U. S.-Mengel Plywoods, Inc., a
: 1943 '
(Arthur G.) McKee & Co. — Has Record Unfilled
$64,994
company jointly owned by The Mengel Co,' and United States .Plywood
^ ?"??
'Fafns. per com. share™
Corp., L.
B. Olmstead, Vice President and General Manager, an$2.02
$0.75.'.'r:'"';.J $0.71
$0.86 !'<)rders^7 7 -:: ?•• •'
nounced on Jan. 2.7/
!•/7. /
, , , ■! /
, ,
,
,
vJ *After all charges and provision for taxes.—V. 164, p. 2410.
7?..? Robert E. Baker,/Secretary, said- in. part: '
. • ,
<
&.i; U. S.-Mengel Plywoods' expansion program/ which started early in
As of Dec. 20, cash and accounts receivable amount to $2,632,362, ex¬
1944, calls for additional distributing warehouses to be established In
clusive of a refund of approximately $245,000 U. S, dollars yet to be
; other
key cities, Mr. Olmsted said. The six already in operation are
f Line Material Co.—Earnings— Q
1 f •,
received from the Canadian Government on taxes paid in prior years.
0 Months Ended Sept. 30—
j ;V:r. 'V
' 1946
1945 located in Louisville, Ky.; Jacksonville, Fla,; Atlanta, Ga.; New Or¬
As of the same date current liabilities consisting of accounts payable,
Gross sales_____——;__™™™_*:—££ $16,509,372 $17,517,157
leans, La.; Houston, Texas; and St. Louis, Mo.—V. 164, p. 2960.-v. ,
:
sundry payables, advances from customers on. contracts in process,
Net profit
,
512,520 . , 541,600
funds for payment of this dividend, and taxes, excluding Fed. taxes on
♦No*.of common shares_™„__™^™_™_™.
460.314
437,912
1946 income, which are payable during 1947, amounted to $842,734.,
/
Mercantile Acceptance Corp. of
Earned per share_-„»™,„_—■;
- $1.11
"
$1.24
Working capital of $1,789,628 is sufficient in amount for present, re¬
?/: The' company on Jan. 3 filed a letter of notification with the SEC
fiH*After-charges and Federal taxes.—V. 162, p. 3075.?>:?>■■:? quirements. The foregoing figures are taken from unaudited accounts. for $20,000 5% series first preferred stock to be offered at $20 a
It is impossible as of. this date to determine earnings for 1946
■-<th
share. Underwriters/ Guardian Securities Corp., San Francisco,- Pro?
."
•••i •„
..V,
with more than approximate accuracy.
From available data earnings,
Xion Oil Co.—Extends Production in Texas— ;
fceeds will be used for^corporate purposes.
; ,
.7/ /
after allowance for Federal taxes on
1946 income, will be approxi¬
This company
has, extended production in the Dollar Hide Pool of
mately $410,000, according to estimates. -This-compares with actual
Andrews County, Texas, Col. T. H. Barton, President, announced on
?
Mercantile Stores, Inc.—December Sales
profit of $310,846 in 1945.
Profits from operations in 1946 have been
/ r Period End. Dec, 31-+-'
1946—Month—1945
Mos.—1945.;
limited by delays in obtaining materials and equipment which in turn
a-potential test, the .company's Tennie Number One flowed
have delayed progress on,
and completion of, contracts in process.
Sales '
^ • ™_™—™™ $14,379,700 $10,998,800 $96,480,400 $69,390,40®
tAu baLrels through a small choke in, 24 hours, producing from the
—v.: 164, p. 31^7-7</;!'■
'P.v.
This reduction in Volume Of prodOctidn is cqmmon to many indus¬
^pper Devonian Pay Zone. In a 168 parrels per day.frojn the choke,/
previous test,'also on a small Lowe?
the well flowed at:the rate of
tries and Is/attributable in large part to strikes.
: ,<;£• M- f-f ' • ' ' ' > J" •
•
^
t
<1 • ',*
t j
»,
»►* > *
'* >
a
Devonian Bay.
The well is Iocatdd on a 160-acre W&e and ad^i^ions^
0i>'9 Mos. End.
♦Net

income

Sept. 30—

>•!'■

1946

$134,098

'

1945

v
•

"

"1944 ; >

;

$55,551

$58,364

s:

.

f*

Calif.—Files with SEC

.

,

.

au

Up 30.7%—
1946—il

,




>

■*»

v {..•

.

Volume 165

'Number 4559

THE COMMERCIAL i FINANGIAi;
CHRONICLE
213

Mergenthaler Linotype Co.—Annual
Report—

r

ii

'ft) INCOME ACCOUNT FOR YEAR ENDED SEPTEMBER

'

ftftrft\lftft7

••

Sales

1946

(less returns and

•Operating selling,,

allowances)

ft; ft,,ft

30

',7

'

This company has a substantial but
minority interest in MinheapolisMoline (England) Ltd-.,1 brganlzed
jointly by Sale Tilhey & Co. Ltd, and

Vf.,i
1945 '

Minneapolis-Moline

•>-.

now

.ft, j $6,522,1,28. $22,816,319

general, apd admin.

exps.

y 6,486,160

according
It

.19,950,733

«

Net

'

taxes

for

years

7

\

--ft

7

•,.

.ryeara;

ft

unused.

T

-

•

Section 710

<

Revenue

Erovision,

for

possible

7

\v >■ 5

:

:*

Total

yiartimo^

Misc.

*\

Dividends

—

declared

ft/'$414,303

•

—.

and; paid—-——-.-

in*

-

4 Vis of
ft

YEARS ENDED OCT. 31

ft-J;

Ion

1,178,435

to

U.

stock

*Including provision
1945.

war

for depreciation of
$313,681 in 1946 and $333,817

tProfit..

-

EARNINGS FOR NINE

$6,214,233

$8,919,252,

5,190

7,002
710,447

28,922

13,476

<

.

73,784

ftft

.7
7

BALANCE) SHEET

ASSETS—icashi

AS, OF SEPT. 30,

1946

marketable: aecprities, at cast (market
value $4,978,827), $4,980,340;
accounts and notes
receivtfale, $2,372,657;.
Inventories, at cost, $7,227,225; other
assets, $1,350,033; estimated re¬
fund of Federal taxes
arising from (a) the ''Net operating loss" and

ry.

<b)

of

the

unused

sections

other

excess

122

and

710

investments,-

$663,295;

profits

credit

of

the

under

the

7?rov; for
Postwar
cess

back provisions

carry

Revenue Code, $2,150,000;
receivables,
$18,914;
suspense,
to future operations,
$214,683; fixed assets

$5,335,586; total, $27,591,641.
'
—„T
77- LIABILITIES—Accounts
payable, $860,121; accrued

'

due

to

unconsolidated

;

oper.

Qorp»---Eai:iiings^- 7

•

\r

3,595,360

9,830,541

■

179,400

•

749,685:1
14,118

365,212

103,898

000

*
,

sh.

shs.

com,

$1,702,597

$0.56

$1.08

$1.41

-

'

•

.

r

97.56%

—.~

Capacity passenger miles flown-:.-™.-.—
Revenue passenger miles flown^_>.—,——
Passenger load, factor,™-.———
—,

Mall and

97.45%

9,858,295
5,766,846

.

express-106

Mall and express ton miles—.
-—„——
32,263
Revenue passengera
carried—19,467
Revenue miles flown
;

OperatingMet loss

*Net

'

revenue

after

profit

creased

after

labor

and

taxes,

—t$8,505

(This

net

tnaterial costs

t

369,696
$348,347
*$29,014

loss

and

Total—-

a

Midvale

Co.—Earnings—
t945

Reserve for casualty
liability i
Reserve for contingencies and

1944

$1,796,720 ♦$6,856>600*$12,90Q,429
Credit-1945
tax—t1,159,000
Estimated tax recov,—
1,—
$1,832,000
*
Reserve for contingencies———:
313,500
524,525
Federal tax
provisions——^-—
;——_
4,440,628
9,856,373

Capital

ft Net

profit—

$1,194,280- $2; 102,'47^
600,000'
600,000

Mo., of capital shares—.
1ft-——--i.

expenses-

ft

$4.20

a
aproflt.
(Credit on 11945 income tax .and
renegotiation refund,
^Estimated jjecpyery under oarry-bacJc^
provisions of. tak; law^V.* 163,

Miles Shoes Inc.i'ifrw,
'

ft.;.

.

—-ft—

Feb. », to
1:

,

A Weeks Ended-

Dec, 28,'46

Sales—

'

,

,

^.

,

-

$1,808,000 $18,947,000 $14,736,000

■«

.

Dec.28,'46 ,Dec. 29/45

4—-—-ft--——.: $17,912^800 $14,034,000
p. JH40.
;

v-Vft;"c.:,-'

12'-

V.

,

Minneapolis-Moline Power biiiileiiient Co.
Aimual
Keport^-W. C, MacFariane/ President, en Dec.' 1ft stated
ftft/Potal,

ft;-

*

sales

compared

4or

-

31; ;l§46/,w«'e

Day

to

the

settlements

were

1945

year

effect

all

on

government

contracts

this company,
<* Cash'
receipts

further

no

renegotiation
/

;.

:*Nefcft

•-

-

'

refunds
•

„

*

are
*

'

year.

The

postwar
for

This compares

balance

losses

which

it

was

created

Profit

of

-

ft

doubtful

An

of

notes

and

accounts

amounts

receivables and is considered
ample for possible losses
excessive

reserve

for

doubtful

notes

and

$125,000,. which

accounts

excess
resulted from the reduction
cancelled and credited to income,
account.
The inventory amounted to

in

was

$16,565,276—an

over

1945;; This was due to an increase In farm
schedules, as well as inability to obtain certain machinery production
materials in

complete
for

production

normal

needs

programs

only.

time

scheduled.

as

Commitments

.;

Advance

Oct.

on

31

purchases

amounted

to

are

to

$12,compared with $9,288,696 the
year before—the
Increase occaft
cloned by the
necessity of placing orders
considerably in advance of
requirements.
' *
*
025,026,

,

ft*. The

plants and equipment
placements and additions to
amounted

to

f2,633,171.

are

maintained

plants

Operations

*

nance, repairs and normal
provision
of your
management, all of the

Letter equipped

iiistory

of
years 1941

•,

and

more

f,he

modern

good
,

the

last

have been
for

facilities

than

at

any

time

in

are

the

company.
New. capital expenditures
during the fiscal
to 1946, exclusive of
emergency facilities for war
contracts,
aggregated $7,024,798.ft
"
*'• ,»■ ,*.■
•'.'ft; " *. * ■;'ft.ft •'*•■ ft .;■• ■ /,,„■;; -; V;;,. ,
The present
plans call for further
modernization and
-

<

manufacturing facilities,

to

take

the company's present products

expansion




^

$1,532,290

'•

''

$1,466,575

the

for

unused

statement
at

balance

reported

7

390,254
$0.09

'*

excess

published

profits
forv the

$180,000, computed at.

of

the

company's

fiscal

the

-

*

since. 1920,

'

'"

"

u

1940

.

,

and

associated

has been elected
President,

share

a

Feb.

ort

.

21,

the

succeeding

1947.—V.

ft

^

the

capital

regular

stock,

164,

quarterly

nayable

2694.

p.

cash

March

dividend

10

to

of

holders

»

j:

City—-Arranges Loari-^ft

arranged by the
as broker.
The

Hammond,

the

;■'

States, Tpl^piioiie

E

-

/

^cic^ra^

Period End. Nov.30-!—

'.
1945<—Month—J945 - 1946—11
Mos.—19s45 *
Operating revenues
$4,733,938
$4,221,887 $49,841,274 $44,287)200
Uncollect,ihlfi oner
Uncollectible oper. rev "-ft* '
rev._
15,450 :
9 his
ft 191 R70
Id QOI
9,015
121,870 ft • 74,993

s

% Operating

ft'

-'ft'

'

i

*

revenues—,.

$4,718,483

Operating expenses
"■■'*<*
ft ft: 'ft ftft/. 'S
*; i ft ft "- '• / ft/ft
Net oper,
revenues-—;
Operating taxes

3,762,841

$4/212,872 $49,719,404 $44,212^207
2,815,256
38,938,166
29,588,184

$955,642
519,388

$1,397,616 $10,781,238 $14,624,023
-929,752 :. 5,202,314 ; .9,826,853

Net

.

$1,283,991
'

1,403,146

Net

1,220,676
*

—V.

"

$1,138676

1,375.145

1,375.145

♦

82,000

operating income
charges———

-

J

.

ft",

^

^ ft

>

.

•

.

*l;

-

^ '";'V

1

,

'

'

'

\

•

'

$0.95

■■

vft.- ;.,:*/

;■'

$5,578,924

319,219

$4,797,170
'3,356,384

ft//'.ft.

3,801,167:

.'' ft

Murray Corp. of America—Earnings—
INCOME ACCOUNT FOR 12

$0.83

V

$467,864
:

332,998

164, p. 3146.

MONTHS ENDED SEPT.
30,

-

v'

.

$436,254

after

k
—

railway—_r

ry. oper.

1,324,131
261,948
56,893.

railways—ft
income--'

•Deficit.—>V.

164,

p.

2960.

Net sales

'

——

1946

>

.

1,786,038

ift

538,775

on

reserve

for.

deferred

costs

of

war

290,685

ftS-./ft

production

tp income—
disposal of equipment

Interest

;

607,647

335,056

.

of

credited

1,604,484

748,763

ft 211,698

•Portion

:

—w——.

Federal taxes On income
(estimated)—'

:t

;

•■■■

$35,330,072
35,766,069
2,209,473

.*—„——(

sold.

54,484

Loss

-

-*"

—™

,

Cost of products

27,678

2,005,062

.Total* income

:

1943 ft

$143,918

f

$35,272,194
:
'57,878

———-

Miscellaneous-income—ft

*

0

'

Cr39,302
14,816
119,396

ft
ft ft ft. '; ft V ft ft
Refundable taxes of prior years
atlslngftfrom carry-back'
of operating loss and unused; excess
profits credit for
*-*
the 11 months ended
Aug: 31, 1946./—"-i.

;

•

,

,

Missoui'i & Arkansas Ry
.-Earnings^-

November—
;
Gross from railway/-—;

1945

$1,199

Net- from railway.—-—
Net ry. oper; income.

ft

1946

• *

•21;746'

>

$147,474
>

'

*23,938

-

Gross

from

'2,795*

railway./—

Net

from railway.—-—
ry.

•Deficit.

31,076ft

';ft-. ; ;

^170,786

"-

'

ft

■;-A.

Interstate

*3,188

:

2,017,157
' *47,205
*302,793

2,343,416
-568,796
177,512

ft -Net' loss

5 $178,350

*

\

24,847

.

-

.

-

-

;

'■-Vft.T--- ..Vv.v

'

ft

f1-

ft

-v'.. Kp.

secured

by

will

pledge

of

open
the

bids

Jan.

road's

14

prior

on

lien

1946.

———

.-ft—.—

:

165,000

$187,880

ta estimated reconversion/ and other costs
attributable" t5
period
($208,963) included in costs and expenses, for. the
.

amounted

1725,-vftftft;'ftftftft.ftft.ft'

y ■/■■*■
^■■yy'-yyp; ■■■■,;.■■".■•', ftft/ftft <•'•■::/
<'
ftft Mutual Life Insurance Co. of New
York—To
■

-■■■•■

-.x ?

k

Pay $15,650,000 of Dividends to Policyholders in 1947—
^ftft'""-*;7-''

/

ft

Dividends to policyholders of this
company, amounting to $15,650,000
1947, have been approved by the board of - trustees, it was an-1
on j»n.
a h" T.ewis W.
Douglas; President. Dividends in 1946
amounted to $14,850,000. ft ft ft; ft
'•

MMfMI 'ft

Missouri-Kansas-Texas RR.—-New Loan—
The/company

Cr2.717,100

.September,

————————

■ft/ft ft ft

for

pnimnPf)

.

t

of

NOTE—Provision for depreciation of
property, plant,- and equipment
to $603,400 for the
period.—V. 164, p.

1,993,439
1280,722
; > 25,988

Commerce.

P'

war

for. month

period, less applicable increase ($169,261) in refundable Federal .taxes.

-

Commission on ftJan.
3 announced
me
application, of this -company -to abandon: its, entire
365-mile line wril
be considered Feb. 10 at a
hearing before J. K. Lyle, ICC examiner,
in Little
Rock, Ark...-.■
;• ••■-ft
ft * The railroad^-y- • ' •—-•••'• ••
'
applied'on Oct/25; 1946 for
permission :tn abandon:'.its
line/ between Joplin, Mo., and

Helena,, Ark.—Vi 164.

*Equal

the

1,498

1

'

--

.

_

Seeks to Abandon Line^
..The

$243,395
35,543

*22,222

1,269,231
-;

income—>

2

1943

-

Net

oper.

:

Provision

< ■:/•.. ■:■'/;

1944

* -

From January 1—r'

in

of the.
increasing demand for
the manufacture of new
products

and

estimated

1944.

$1,307,046

Net
'

care

and

developed by the engineering departments.

.

$33,343

$0.81,'

—

Garlent, Executive Vice-President since

the corporation

"

1,379,545
^
$1.00

from

Re¬

manufacturing plants

■

the

ft,

—--96,100

Net

year

charged with mainte¬
depreciation. / In the opinion

losses

of

original

was

for

1571.

p.

— __

1945

,

-

condition.

in

,

revised

y

'

.1946

I

From January 1—.
Gross from

?;

in

equipment

company's

with

•

> $37,000

,

$315,122
390,254

———

Motors Realty Corp., Nv Y.;

for

Mississippi Central RR.—Earnings—

-

$3,045,402

been

cents

City

—

'Shafe-j—'-^-—-:^—,--<

receivables,

increase: of

ft

93;400

—V. 162, p.-3076.

V'

to 20.4%-

collection.
in * the amount

.

■

/

in

mi,,;.

f ft
A mortgage loan of
$3,300,000 for ten years on'the leasehold
estate
1785 Broadway, New
York, N. Y., known as the General .Motors
Building, has been obtained by the Motors
Realty Corp. from ftthe
Mutual Benefit Life
Insurance Co. of
Newark, • N. J. r The financing
was

$50,585,840
3,180,656

6,595,330'

■

Novemberft-^ ftftftft#
,1946
'
'1945 ■.ft /ft 1944 : ft
Gross .from /railways—
$153,900
»
$124,542
$183,855
i.Net; frora railway;./*- --H :9!:56,089v,ftftift
ft
7,132..
67,811
Net ry. oper, income
■ft
34,117'
*3,633
28,895

31, 1946, compared
with $13,280,986 on
Oct. 31, 1945, and
$11,989,001 on Oct. 31, 1944.
Receivables (net after
reserves, etc.) decreased $1,573,901
.during the
year.
The reserve for
of

,/
..m

of

ft

profit,--ft——$1,382,921

Net

,

Oct.

on

previously

t478ToOO

'■

•

2960.

<

,

In
same

i

-

/

^

$5,000,000 loan to be
mortgage 4% bonds Of

general,

Mr.

Douglas

as-for

1946,

except

in

a.

.

ft-

.

"*

/-ft —

explained,
that

the

certain
to

new

■

dividend

ft

ft//

,

scale-is. the

adjustments, have been made

w-'ntain

an

equitable distribution

ta the entire body of. policyholders.. The total amount of
dividends
'recaiUOSrii'/o'ii9%rj- fte* '
ar-.ftp t mn "tny 1946 primavlly he",cause- .of
the* "greater amount, of* Insurance
no,w% in force.r—V. 184,

rD; 3416.

-

*481,657

portion of Federal taxes on'income of

the

refund

effective

The directors have declared

30

—

1945'

'

i868.,

After'depf./depl.-; etc.ii:_^.^^ *"'T,470,321

No> of capital shares
Earned per

,

longer necessary for the
purposes
has, therefore, been cancelled and

$12,138,507

Corp.-~EarnirigH

Federal tax provision-

no

and

to surplus account.
working capital was

1945

ft $57,J95

>

Total ft income----^--..-——

with $1,033,505 net profit for the
preceding
in the reserve- for
contingencies * and

credited
Net

.1943

.

1946

9 Months Ended Sept. 30—

.

werp

of $708,267
determined

was

—

In

of

rate

$Net; loss

has

pf record

1945)

Manulacturin^ eo. ^ ^Rljs.)

profit™™—•;

,ft Mksion>

were.

$1,702,597.

"

■

after

required

.

ft;

j$l,252,269

/ /After charged and Federal taxes.*~V.
163, .p;

«
7 7
ftftft,
$34,602,132.
Cash disbursements
$37,043,845, divided approximately between,
materials, supplies,
taxes, et cet., $23,615,373;
wages, $12,626,535, and
dividends, $801,937.
>
Net profit for the
year carried to surplus, after all
charges, including
Federal, State and foreign income, and other
taxes, amounted to

the ' year

for

'

——

"health.:

L6,787

in

period.

tax

Mountain

Earnings-r^-

completed early in 1946*. « Renegotiation^
proceedings for
have resulted in a final clearance
from the government
that

1946

$996,335'
509,622
194,500

F. Harper, who was
President and General
Manager of the
corporation since its
inception in 1920. Mr. Harper
resigned Jan. 7 from
his post due to ill

$1,304,742
ft 405,057
329,000
ft 289,3P9-t-Vi *121,603 ft-124,619 '/ft 184,874
("ft-*

Miiinesota Mijtun^ &

$3l^8744i65H

cancelled

-iuay..
*

•

.

the

*

196.

,

$42,186,090 for the previous year, the
reduction - in
total sales
resulting from the ending of war contract sales
during the
Year. • However, farm
machinery division sales were $30,874,924,' com¬
pared with $26,577,610, the increased
production of farm
machinery
attaining an all-time ;high. in.. the
.history of.; the company,!. The
VJ

1944

.

;swles—$52,309,301

ended ft Oct;

year^^

with

termination

1945

: 9 Mentha Ended Sept. 30—
i Net ♦

f||^

the

$2,610,257; $1,621,794

Haryey, Braxton Co. of Nevy York
attorneys were Cadwalader, Wickersliam &
Tafi)
Motors Realty
Corp. and Pitney Harding Ward &
Brennan- f<r»»
Insurance company. The
income—ft
majority of the space in the
building is
occupied by«-th© General Motors
I From Janqary 1—i ft
Corp. under a 'long-term lease,
ft The" proceeds from the
Gross from
railway--—. 13;227;709 ,14^36.032,i
abovfi-mehtioned loan will be used in part
14,026,908 i, 13,593,678 'ft-to
Net from
redeem the "outstanding
-railwayy 1,402,412
Broadway Motors* Building Corp.' first
2,210,899
4,014,738
4,371,207
mortgage leasehold 6%
«?y.
2
bonds, which were recently called for
1,525;467 ft 3,321,430
redemp*
rX^ 1947; See y. 165, f. 76.
Deficit!—V 164, p. 2960.
*;■■•*/,/
V<■/■;> :ft ;;•/ft -ft/ft/ /ft ft/ftft /ft/;- ft
ft'-ftft;
-ft'/•;'/*./■"/■

—

in part:

Mos.—19^'

1946—9

$863,753'

Corp.—Earnings—

recoverable

Harry

Ry.—Earnings—

1946

Grosa^fropiftrailWtfiftU.^.^$1,438,2Jt77ft$^3U, 172
Net
Net Xroni;raiiwa^ftft2^ft;ft;;U60.^;ftft>178,159
ry/ oper.

"■■•

■

and

1946—3 Mos.—1945

..

":ft:"

;1

& St. Louis

.

Jan> 1 to
Dee. 29/45

Dec. 28,'46

1946

'■"[
x

»

with

2,550,926
ft 4,635,457
Br 12,017;
Brl2,017

-

the

the amount

John E.

,

-

'

in

are

1

,

320,775
.128,534
708,268
r-.

for

163,

6,244,385

treasury

$7,239,847

months

Motor Wheel Corp.-^-New
President Elected—Regular
Common Quarterly Dividend
Declared—

$29,327,427 $25,621,819

of

.November—

-.ft

Jan. 1 to

Dec. 29/45

.$2,185,000

-...

Rales

'■

.

Current Sales Rose 2Q.:9%^-

ft

;■'

.

•'

v

130,000

—

Minneapolis

.

ftyyrr.-y*- '//;

320,775

—

postwar losses—
21,8392,550,926

depreciation

11

postwar
included in

1,277,043

$5,501,379,
•/•Represented by. 100,000 no
par shares.-ft-V; 164, p/2289.

600,000

$3.50

4,296,046

surplus——

•After

and

....."

and

700,000

.

*7,332,882
P,038,639

-

surplus-——

■'Total,——

'A

:.

quarter ended Sept. 30,
by a transfer of $37,000 from
reserve for- war
adjustment to offset $225,000 cost
of plant reconversion
operating costs above, less
$188,000 tax refund resulting
therefrom.—V.

1945,

$11,000,000 $11,000,000

stock

Cost of 1,300 preferred shares
in

$2,519,531

,

|torned per share—------ft—$1.99

Earned

——■

'.*r '

^

'
.

.credlt-^--;-^ii-----^Ui.i^iiw:

normal

year.;

151,955

137,358

Mi6cella,neousvres<prveT—;v<.i

™

—«—•

preferred

:•

ft:

credit

32,761

par)—,700,000

on

■■

profit——

*Loss,5 tEstimated

the

iiiiiiii'il®

Notes<and.accts.; payable and- accrued
foreign income taxes:—
payable

5,967,615
3,261,997
1,254,112

368,577,934

December

taxes-^---——-i:-i—i-^----i--i_---—

period,

$29,327,427 $25,621,819

———

Federal and

12 Mos. End.
Sept;1946
Loss from operations-w-^———

I

132,931*

—

no

Dividends

--

1946—11 Mos.—1945. ^
651,679,855

83,232,357
for

prior years arising from,
carry-back

656,125

3.7,700

1

par preferred stock
Common, stock ($1

.

factor, the company said;—164, p^ 3415.

ft

3,194,447
13,519,875

165,215

-

-

liabilities—
t$6.50

sales

yyy

Number of capital
sharesEarned per -share-

v

1,620,545
16,565,276

policy--.
-

1946-^-Month—1945

that

credit—,,

.

Special

60,926

825,000

(net)

—

primarily* to In¬
decrease in passenger load

1,152,384

90,247

-

Federal
-Tax

1945

bonds_^--—

war

'

due

was

3,155,329

951,387

periods.—V.' 164,' p. 3146.

■:

*

1,819,982' ft 1,804,404

-i-—'

Postwar refund (Dominion
of Canada)'Deferred charges, etc.—^

17,491

496,795
$387,252

——

income; taxes—

6,157,643

2,588,588

<;

Quarter Ended Sept. 30^
Profit from/
operations
Profit after
charges

$6,063,969

i

Cash surrender value of
life insurance

105;
32,904

.

167,146
5,333,691

•After Federal income
taxes, etc.—V. 163, p.

Net

$8,160,777

—

hand—'—

Notes and accounts receivable

Inventories

>

80.35%

1943

$424,072
192,129
14,879

•

—-

Dominion of- Canada

6,606,075
.5,307,656

;;

58.49 %

...

•

1946

fProperty, plant arid equipment-—
Plant property not used--—.—
on

r

1944

$545,098
271,936

323,864

117,280,737

Motor Products

>

""

Gash in bank and

'

1945

$564,327

profit———$1,380,874

801,938

,$For d°ubtful notes and .accounts

,

;

$1.89

& Co., Inc.-^~December Sales—'

;

__™—

$1,632,406

801,938

CONSQLIDATED BALANCE SHEET, OCT. 31

1945

$1,053,948

—

Moore-McCormack Lines,
Inc.-—Earnings—

$1,313,193

$1.52 |

ASSETS—

1946

,r

;

937,531

The

-i«.

amortization of

provided In.prior years." "

Mid-Continent Airlines, Inc.—'Earnings, etc.—
Month of November—

——

:

shares.

:

.Period End. Sept. 30—
♦Net

$1,033,505
801,938

801,937

•

* Accelerated

■'
,50

30,. 1946

5,497,004
2,466,517

income—

company states
records for these

'16,846

-

Operating efficiency

Sales

300,000

of

700,stock

on

-

SEPT.

70,994

Period End; Dec; 31—

;V

emergency facilities applicable to prior
fiscal years (after
deducting related claims for refund of income and
excess profits taxes and*
renegotiation rebates amounting to
$550,532).
tProvision for possible net refund
which may result from
renegotiation of profits., on war contracts.

1946-1945
1944
Met sales—ft$793,634 $1,207,058 $2,496,798
-'Net prbfitft—ft—ft—i.—-—ft—'
•
2,743- V-f 104,465 <110,225
Kumber Of common: shares:——
205,945
205,945
131,695
Earned per share.ft.ftft-—-.:——ft
| % $0.01
2 7
Nil
$0.77
*
After charges and Federal taxes.
fLoss.—V. 163, p. 1570.
-

V

25,883

and.
(net )—

Net profit for year—
divs. paid—
per

ENDED

common

income—.

^ Montgomery Ward

585,847

93,056

—

Preferred
Earns,

530,424

Subs.)—Earnings-^-

taxes-——.

20.

161, p.. JO.

.

•

con-

facilities—

emergency

March

,

(Cr)_

amortiz.

follows:

as

v^,-

164, p; 2960,

*

31—7
ft
—ftftft-——ft

Quarter Ended Oct,

t'

on

from

Net ry, oper.

conting.

postwar loss

Accelerated

foreign

683,715

ex-.;

value-

for

(no par)

Micromatic Hone.

.

version

;

.liabilities, $567,subsidiary companies, $41,291;,
reserves, $1,658,044; capital stock (256,000
shares, no par, carried at
*
stated value of $5C
each), $12,800,000; earned
surplus, $12,450,008;/
treasury stock (20,313 shares at
cost), Dr$785,786; total, $27,591,641.
4-V; 164, p. 1211.
963;

for

profits tax

Prov.

r

>-■

t.

credit

Prov. for decline in

Internal

$381,181;-'other

deferred charges

'profits'

excess

taxes ftftft—ft/ftftft

;; '

01 Dec.
16, 1946.'
Chicago Stock Ex-'

vi
were

MONTHS

and

January 1—•
railway
from railway——— 7

Net

255,000

574,250

576,345

Stock Div.—

as

the

on

From

47,628

155,000

861,561
:

charges

November^yy 7 1946
railway$511,096
Net from
railway——"
232,863

Gross

7■;;! foreign inepme taxes-

$2,897,725;

200%

stock held

distribution

Gross from

Net

12,429

1962^,

.ftftftv

Monongahela Ry>
-Earnings-

•

of

contracts—'—

Texas-Ry.

pr.or lien 4s of
7
7 '.ft;

Dec. 24, 25 cents each.-—V.

"^82,757

|4 803,630

tProv. for possible net
;K refund.' ft ft-—ft ftft'
Prov. 7 for 7 Federal 7 and 7

.

this

ex

on

-

In

was

common

Mojud Hosiery Co.» Inc.

560,559 1 '961,286

Kansas &

RR.

76.

p.

dividend of two additional shared of

a

each

164, p. 2694.

7

165,

,

Dec. 24 paid
share of

on

on

Earned per share

72,787

acquire Missouri,

—-V,

Dec, 12, last.
~
distributions made
during 1946
cents; and June 20, Sept. 20 and

Govt.,

renegotiation

"ft

,

Net income after

$3,513,077
7: ,7-10,259

—

S.

330,459

1962.

Cash

$8,636,495

.

stock

The common

32,214,§12

7

of

Manufacturing: Co.—Pays

company

change

.

$5,883,774

The

»

5s

'

..

t

common

1945
;7 ;'.1944
1943
/ftft
$42,186,091 $42,932,697 $40,851,007.

37,048,923

J

.

to

Missouri-Kansas-Texas

1978, And

ft

♦.

ft Modine

ft;;ftft

39.007.409

■ft'

—_

paid™

Refund

$1,442,923.

471,374

*

7-- «-V 7:7

$2,815,195' $3,178,682
430,709 «: 334,395

charges-—-———.
7-7*—7'!

Interest
-

ft..ft

1946

$31,874,265

~~

proflk—-ftftft. $3,370,904

Depreciation

296,777
7. Surplus

^7.-.-^7:_77^v7,::."77

tPortioh of reserve- hot :ft •,
7;
required /ftftftftftft;
125,000
/ftftftft; yyfty ft-ftft*;

Codeft;—ftftft.ft— Crl, 119,000

losses'from-

is
market

company

thp British

and specifications of the American
company.
further additional items will be
manufactured in
the British company.

Profit from operLi-iT-Misc. earnings
ft.

ftftftft "ft

the ft;,r
profits tax credit- for the cur-.1

excess

y* rent year
undertheprovisions of
of the Internal

for

design

.ftft

attributable-to the carry back;of

The' British

-

-sales;:7-.^;.;7"•*7:77,77

income account for the current
fiscal year.ft Crl,031,000
refund of/ Federal - taxes - for! prior ft

Estimated

Co.

Proceeds will be used
first 4s of
1990, and

that

Cost "(inci.
mfg.
cost,
;
m admin., gen. and
expense)
ft.—29,059,070 -

1.350,000

prior

.

the

Total net sales—.

$1,735,697 t$3,089,701

attributable to the carry back of the
"Net operating loss" based,
on the company's,

.

to

expected

777" 7:r7i-;^:.^V.;7^7;;^v.7:7

V. 1

iossft^ftu-iaft^ftftftftftft:/—ft?ftft:

Implement

CONSOLIDATED INCOME
ACCOUNT,

;

'

Federal income and excess
profits taxes—
Estimated refund of Federal

is

England by

Loss from
Other. Incomeopbrqtiohs.ft——ftftftftft^ft—ft $1;964,Q32 ftj*$2,865,587
.7' 228,338 7.'
224,114

Power

manufacturing combines and hammermllls

1986.

Inc.—Earnings—

Namm's,

34 wks.

Sept. 28/46

Period—

sales,

tGross

sales, less ret.
goods sold;1

•Cost of

and allow—

The

•

$11,502,870
10,235,935
6,662,934

$8,684,786 $12,659,848
7,693,606
11,249,925
5,132,621
7,322,643

allow.--

less ret. and

•Gross

50,000

...The
New York,

N.

."Clients

of

$2,560,985
286,742

$3,927,281

$3,573,001

373,785

340,908

departments,—/*

75,818

121,318

131,370'

ownership

activities

$2,923,545

from sales

profits

Gross

merch. purcnases_

on

earn,

tentals of leased

profit from store

Gross

3,493,202
12,215

Operating

jii

Net income

)240,851

195,062

69,088:

1

—

$289,201

$360,843

f'$110,722

—.

.{/•;

.

•/V1'^

•

•After

profits

excess

taxes

''

profit
outstanding

irnings per share

,i

a

.

1944 - '
$3,181,650

•

;

■

$354,650
500,000

$0.71

$0.56

'

Sept. 30—

9 Months Ended

'

-

Iftd, (<Sf

Z.-_i

Canadian

and

leral

Net

1,430,392
prof, tax^ — • 578,033

& excess

inc.

953,779

paid

dividends

•After

$0.89

•$0.51

which was retired on

preferred-stock

y. 164, p.-296i;

ITEMS' FGLLOWV

BALANCE SHEET

•

Sep/ 30, *46 Sep.

Z*

1635.

164,- p.

-

, ,

'

-

v>
_

-

Z 9,284,463
:'.2,273,287-

assets

Current

,-^..."-

I Current ..liabilities,

fearned

surplus--_i

\/**Estithat6d/c6htract,!pi*lde^dUbj'e'6tvto*adjiisthf^ftt";/c0nfractS/sub*{

-

707,712 <<. 382,385
/ $2.25 ; .
$1.52

34,528 "

I—V. 163,

2160.

p,

-

■

„

'

.

National ■ Biscuit

Cot—Earnings-^

Period End'. Sept, 30-~

1946—3 Mos.—1945

*

Net

V-A■/'-■r/v/:iAiA/
»$3,275,156 t$2,299,122, $13,513,255 $10,663,335.

taxes

;

$51,328,410.—rV, 162, p. 1516.

,

,

Mfg; Co.—Earnings-**
1
1946 '

Years Ended Sept. 30^

profit after taxes-

jlEarns.

per sh. on
161, p. 1356.

outstandihg

100,000 shs.

-

i

•; '

•

'

Co.—Sales—.

Sales

—V.

:

163,

Sep. 30,'46 June 30.'46
——$4,846,099 $2,180,395
^

2160.

p.

Fiscal

.

;

Net

.-...I./.

profit

•Earned

common

per

based

in each year are
On
at Aug. 31, 1946.
-V:
shares outstartding.-

there

were

1,662,039 common

oh' preferred

the- latter date

164,

Gross * from
Net

p'. 3146.

*

Inc. (& Subs.)—Earnings
MONTHS ENDED SEPT. 30, 1946 ">
$3,152,602

National Motor Bearing Co.,
INCOME

ACCOUNT FOR NINE

sales

Net income after charges and

—V.

160, p.

226.

,

outstandIng________ ■;./
v
•

,

National Oil Products Co. (&
9 Mos. End.

1946

Sept. 30—

'

charges
'.v
taxes* t$522,427 '

and

♦Earns, per com.
-

*On

tired

215.791

shares.

debentures—V.

write-off3416.

fAfter

164, p.

$1.39

•

•-

•

1943

1944

.'S:

1943 V *

$326,132

$1.65

$1.72

for

refinancing

re-

Type Co. (& Subs;)^Earnings—
r
"
,
;
" ig46'
'
1045
pwfit after charges and' taxes'—
$421,046
$335,856
•Earnings per common. share,_,______
$5.9.6.
$,4.64
*On 64,392 common shares.—V'. 161/ p. 2663/" ' " "*■ Z7'5, *.
National Paper &

Years

Ended Aug. 3r—-

'r

Net

from

2,619,933

.

•

'

The

1943

'■<",/

railway—.y

From January

from

Net

ry.

—V,

1,971,529
506,061-

incoihe__/:/

955,037"

railway-—

oper.

164,

p.

1945

702,302

1,501,168

2961'.

1944

Gross
Net

3,177,158

127,005

2,356,238

2,741,756
1.251.859

2,499,310
1,035,946

1,912,332"

1.522.860

1,272,210

Honduras Rosario Mining Co.—Earnings
Sept. 30—
1946—3 Mos.—19451 / 1946—9 Mos.—1945 f
$235,962 ., $238,851;.,. $867,632
$556,589.
share
$1.27
$1.29
. y-$4.67
; $3.00

profit

Earnings

♦After

per

charges and

'

New York

taxes.—V. 164, p. 3147.

•* y/-v ' ;

Enters New FieldLease—Acquired Plants to Con*
-"C "
«!•
v .. - • >
(•;
completed under' which- the' New York Life

Life Insurance" Co/ —^

Agrees to Purchase'and
tinental Can' Co., Inc.—

agreement? has been
CO. will play a major, role* in'-firiancing^neW^mahufaCturing
required for the postwar expansion program of the Continental
Co., Inc., it was announced on Jan. 7 by1 the tWb

Aft

from' railway'

railway

:

:

.■

>

6,987.313
1,316,068
486,442
■ '
•>•'•

i 7,265,391
:// 887,603

19,272
;

'

•

■

c.

/

V-iVl'S" ^ »

55,601

7,717,027
2,259,253
1,049,090

7,616,719

1,691,394
690,781

*

j

Co.—Gives Rights on Cleveland Stocki—Every" 5 Shares of Parent to Be Offered One Share- of;
Illuminating Company Common at $15—Light & Power
Common to' Get $7.50 per Share in Cash—Other Utility-

Divested—SEC Approval required.

.

/.V

to the'
share of'
ratio ofNorth-Amert^-\
SEC for

of the company Jan.
6 authorized' the offering
stockholders *of rights' td purchase at' $15 one
common stock of Cleveland Electric Illuminating Co. ab the
one share of Cleveland Electric'for
every five shares of
can
stock held. The offering is'subject tO- approval" of the
which'application is beihg filed;
'•North
American's! proposal td distribute"1 shares' of the
utility is part of a comprehensive program for prompt
pliance with Section 11 of the Public Utility Holding Company
total of- 1,714,525 shareS of Cleveland Electric - common
traded-on thb New York Curb and Cleveland Stock*
yolved in the offering.
: \
*'/ '/'■•' ■ *"'• v
In addition td the* offering of rights to purchase

;

Directors

company's

" 'V :

Cleveland
and full com-*

-

Act. A<
stock/which'13 •,

Exchanges,-is in-^

Cleveland'Electric-,j

Illumfnabing: Co.'s
the winding

up of

cohlmbn'Stock,- North Aifterican's1 program includes'
North American Light *& Power-and the liquidation

.




$662,613
> 139,233
,

....

Noma"
3295r

North American

Insurance

companies"/ The it

rjii.

ry.; oper, income—
p/ 2961.'
'i*

—V.! 164,
:•*

facilities
Can

i

from

Holdings to Be

/:

r

1—

,

V"1943" "
$716,985''
209,111'
;
96,*783'

1944

...

$676,969
$571,118
82,119 ./..
77,669
• 5,761
- 22,982

r

oper*. income—^

From January

-

1,030,089

i

be used.

Ry.-^Earnings^
1-46
1945

Net

107,864

New York &

V'vi: Period End.

from

effective

promotional
products
radio, newsf;

also handles the1 advertising for
and Noma Electric heaters.—V. 164, p.

Net

$224,959

!., 163,288

wire,

railway—_
ail way

from

Net ry.

1943'/'/

202,943

Corp.—Advertising' Agency. Appointed
nanied Albert Frank-Guenther Law, Inc., Nevv*;
Heatrola Division; the

Norfolk Southom

5,471,553

,101,7.79

73,023 .' V

to possible
the carry-;
included in income
available.

effect has been given

corporation has
to

'/-November—

8,843,143

$226,933

$177,568

1—

railwayu^///.}

Gross- from

Net

59,291;:

103,107

income—

oper.

1946 ' ■*'?
/ $184,764^

/V

$1.40

.

for-1946 states that .no

"Ankoseal"

toys,

Gross
'

$0.74

papers, and trade papers will
/'Albert Frahk-Guenthef;Law

•

;

V-

$0.06

$372,975'
-237,500t

296,875 /:*: 237,500

296,875

?

,

Connecting -RR;- -Earnings-

railway

from

Net ry.

$1.51

$75,000

p.

9,045,431
5,105,983
4,157,974

.*1:

1943

1944
$331,648

handle the advertising of the Estate
K-D Lamp Division, and the Refrigeration Corp. of America,
Jan.* l.
,
,
. ?.
v
/ An
aggressive consumer and trade advertising and
campaign is planned during 1947 for the numerous consumer
manufactured; by* these^ divisions. * National /magazines;

$1,059,502

413,503-

4,129,393.

3,472,263

income—
2961.
;

oper.

<

1944

233,622 *

$0.72

/

1945
$18,079

1946 \
$218,364

share

Noma-Electric

$746,876

7,980,545

6.832,469
3,082,675:

rallway___I

EridVSept/30—Z

profit aft. Fed. taxes
of capital sha.«

York,

■»c

'

1—

November—

•

Gross

•Net

$371',874

of

income___

/New York?

'?

/ /

$354,964

$2.42

share.

'

Subs.)-^-Earnings—

Net profit after
-

267,125

Federal-tax'es__u*„^i___^^

191,780 shares

share on

Earnings per

/V"
1945
•/
- ;
$648,872 ~
'<
245,516
306,766
i 221,537
251,516 /

$448,830

$1,517,075
♦$2.26

$156,584
$0.25

.

v

Mexico Ry.— Earnings'

1946

471,191 *
314,607

requirements on 40,000 shares of $4.25 preferred >
now*out»tanding.—-Vi 163, p.; 1162,

The reoort

-

$579,908

railway^-/—'

from
ry.

—V: .164,

Net

Net

J

$0.41

$0.57

share..

•Earnings per common share
and common-shares outstanding
*

$730,519

"/'•

railway_//«//

ry.. oper.

From January

461,018

■

$990,304- '

190.'464v:
" ■ $0.70"

,

Orleans Texas &

New

Net

taxes

Income

$5,671,778
518,450

$1,742,341

1

/, /

350,803

of prior years taxes which may result' from
back "provisions, but the amount, if any, will be
for the
fourth quarter, when final results for 1946 are
—V. 162, p. 3078.
;
_
.
. ,
\::: ' V' ■-''/>'
1
/'' ''
•V".'' ■'■ ■■
; V ",'v

Bank of New York has announced it is preparedfirst mortgage bonds due as extended Jan. 1,-

November—
v
; .t
Gross from/-railway—J

923,167" /

.

—.

taxes__

V

$6,933,696.
2,446.890
1,269,179;*
929,815
820,340

adjustment

make payment of the

1947.—V. 163, p. 2996.

1945

$1,191,535

Year End-

7 MoS. End;

.
> . ,
1946—9 Mos.—1945

$9,314,727

$3,417,941" $2,419,759

Number

Co.—Pays Bonds—

Niquero Sugar

New

The National City

to

:;V;

Inc.—Earnings—
1940—3 Mos.—1945

dividend

Quarter

Net

-

Net

1946
$1,662,475
. ..
672,171

31—

charges

after

Profit

Ended Aug.

Years

Corp,—Earnings—

y*

164,' p. 2695.'

See also V.

'

X

>

;

,.

NqblBtiSparks^IbdtistrIes| Inc.---Earnings--*

*

•

charges

?

Earned per

!Net income .after- taxes——
J
Earnings per shafe on. 272,000 ^shares!#

Net .from''

National LittiOn Service

stock

July 31;'46 Dec. 31, ,'46

sales

-,

profit-: •- - $572,364
per com. share/ *$0.85

/••After

.

Period—

t

f

.

•

Mar. 31,'46
$1,458,973
'

Investment

&

i

jdcu> Inb^Eardi-ngs^

-New

Corp.) Washington,
». C.—Files With SEC—
.'
• \
The company on Dec. 27 filed a letter of notification with the SEC
for 20,000 shares of common to be offered-at $12
a share without /
underwriting. Proceeds will be used to provide financial service" to
negro business enterprises and to the negro people generally.
,? /
Finance

National

Association—Weekly- Output--

•i;

)

,

Earns,

reports number
1947 .as 64,836,154,

—165, p. 76.

Net

National Enameling &- Stamping.
Quarter Ended—

-

•'Net

■M

Power

"

$

.
.
.
....
f 16,721,974ni3,225,^720^TOO,868,759
^
~
••
«

,., .
19,423,047

/-*.:■

income

Federal

"

„

,

,

25,768,130

1946—12 Mos.-

1946—Month—1945

Period End. Sept, 30—

Net
Profit* "after

of kwh. available for the week
compared with' 58,400,910 in the
week ended Jan; 5, f946/ aft increase of 11.00%r« /
(
The comparable figure
for the week ended Dec. 28, 1946 was 63,175,036, an increase of 9.33% over the corresponding week in 1945/

.

3147.

the corresponding

.

.

Jan.* 4,

ended

30,580,156

39,126,192
35,509,698

Cd.^Dec^mber Salei XTpi46j2%--1945

Newport Industries,

6,945,461'k'wh.',/or

The-Association

■-

-

P.

•

New England

/

.

cu.

P.,78-

$2,314,736 $1,838,955
150,089/// 78,584
$1.50 { v .*,$0.79

---

■■

,,

2,201,915

......

// ;/'*

! ; 1
^
is reported at .857,786,000 cu., ft.)
or 13.38%, above production "of
ft. in the corresponding month a year ago.—V. 1'65,
'
•'
* '
■
,
- *

a

756,569,000

.* * • i '
;;-V'//u/:////r.
National Department Stores Corp.—Extra Dividend—K
.The directors have declared a 50-cent- extra year-end dividend and
the usual quarterly dividend of • 25 cents per share on the commoft
«tock, par $5, both payable Jan. 15 to holders of record Jan. 10.
A
similar extra was paid on Jan. 15, last "year.
\J ,
, % 1
In addition to regular quarterly cash distributions of 25 cents eachvS
made on April 15, July 15 and Oct. 15, 1946, the corporation in June,
last year, paid a 50% stock dividend on the common stock.—V. 164,
-V.

—>164, p. 3147/

Association reports electric

year ago.
/.
Gas output
for December, 1946,
an
increase
of 101,217,000 cu. ft.

1943

s

[Net sales
Net

^:/v;
- >

■•/.-/"VT:■

./•"/

National Chemical &

cm ft*/ or/ 31.38%'/above
koii'.///.
the corresponding week a yearv ago
•eborts electrid

For the moi,.th ended-Dec. 31,-; 1946 the
output , of? 61,803,883 kwh.
This is an increase'-of
12.66% ' above production of 54,858,422 kwh; for
•;

jnbnjth;

—c-i£:

• >
2,552,952;

3,350,708

income

-

-

52,327,000

of

increase

166,764,000 ;cu; ft. for

.

,

.

—

-

an

$0.45 ./i/.

;'

•

$2,292,782

deducting

•After

operating

MOs—1945 ; V
271,809,32"?'
*339,406'

25,763,757- 304;234.847
38,452570,527

3,702,236

-•

i

Net

990,605

28,489,561-: 25^725,305 303,664,320' 271,449,92fe
20,023,587 -17.004.351 213,472,198 168,540,554
; 4,763,738 ; 6,168,002 ' 51,065,930 72,329,211

—-

taxes

ended Jan; 3, -this

week

the

'

$0.29 //; $1.87 / /;/ ; $1.42
/Federal: incomer' taxcg* in - 1046; tAfter* >
[IFederal income taxes of $2,877,450.
'
NOTE—Sales
in
the quarter " ended Sept. 30, 1946 amounted 'to
share.

com,

per

rrns.

V'- Operating "revenues
Operating expensed

—V. 164, p. 3t47.
Electric Association—Output—
Association reports electric' output
(J. Jv) Newberry
of 12,761,704 kwh;
This fs an-increase of 1,783,900 kwh., or 16.25^'/'
above ^production of .10,977,804 kwh,
Period End. Dec. 3)for the corresponding week 6
year ago.
,///
Gas'output for the Jan/3 week is" reported at 219,091,000 cu. ft/,
,
"production-Of 'MSales^^

|Net profit' after Federal' ': '
income

-

'45 Sept. 30, '45

Operating

/

J

England1 Gas &

New

,

2,266,899
837,726

2,439,570

1946-~Month—1945 / 1946^-11

:

30—

revenues /_—- 28,566,393
-76,832Uncollectible5 oper, rev._-

-

For

5,306,689

Sfcw? YQfk Telephbjhft: C©:~-Eatttin^s*-*
PeriocLEnd; Nov,

'

X

j

,

5,255,902

2961/

—V. 164, >

Operating

'.v

41,519

1,566,075
: 571,497 •

•

"45,090?

lhcome__/

oper.

ry.

$423,03^
173,873/
70,28^-

'j

150,405

//

872,863

railway-/---/

ffom

•Net

1944

$397,713

''4,113,202/

■3,769,872

Net", after5charges---

' - '
1946—12 Mos.-^l945

,

1-

From January

Gr osstfrom^ratt way*---1* *

"$2,936;347*-$3/238;620> $2,925/24F
Net 'assets per sHafe--—$16.62
,
$17.22 ; - $15.,77
♦Gh- basisr of carryirtg^^ securities/at"quo^'^rk^; value^^

,

-k

2,315'.

Net ryj^pe^^oriiel'II •
■

KB^-*-Earnirtg^~
1943

$324,654 *
115,108'*'
-39,695'

$351,746'.

railway/i//f,.

from

Gross-

1945

1946

/: November-

•

,

.

Susquebanna &v Western

J^ew York;

>N0t-assets

1,409,275

conditions.—Vi. 164," pf.73b/7

certain terms and

ject to cancellations on

3,793,371

3,935,217

i

.

»

Fund—Net Assets—^

New England

Corp.^Operations—

*

.

Sept/30, '46 Dec. 31,

2,600,167
2,101,763
5,830,408

: 4,023^193

j Invehtdries

!

45

30^

;;

■

TO SfiPti 30;' 1946? ; y
Gross value of undelivered contracts at Sept/ 30, 1946— •$160,951,962^
Billings oft accf/bf undelivered contracts; to Sept. 30,19461
118,386,0lT
/Gross" valuev of uhcbmpleted ; Work on *uftdellvercd1 con-r
4 * >* ' .
*
tracts; at - Sept'.f 30; 1946_i;__/_/:___—
42,565,04^
killings/ for* 9 months1 ending Sept. 30, 1946_Ll.aaa_/u/_'/
39,738,32^':

.

.

$9,764,448

[Total assets -Z—^ $13,856,033
[ Cash
;7',; 2,112,250

-

STATtSlPiC8:* 017" OPERATIONS jAN/ 1/ 1946,

'

-.

[Aug. 31, 1945.

.*,

Kewz York Shipbuilding

>

1945 >
$9,374,144 $8,618,538

*

!

"share^.

pef

Years Ended

788,104

*__Z-.*_ZZ.AZfc::

on

•

Nesi;le-lie Miur Co."- (& Wh'61Ty-0wned'vSub6,)—s
Ailgust 31-^
, •
•
■ ■ - 1946 ;
- 1945
;V 1944 tNet Rrofit
$i67,693":c $i37,80i: ;; $117,293
]Nb: of class A shares^'
152,509^ .V V 148.659X; , ; 142,400
•Earned pef class A JshaiOLLi-w-_L" " "
$1.10 '
* $0.93 .
' $0.82
I *trhpa4d; dividend -accumulations ort the class A stock as of rAtig. 3
1946, amounted to $30.65 a share.
tAfter taxes, and charges.—V. 162^P.* 462. i
•
' *- " *

$466,030

profit

[Number of common-shares
(Earned per share
,.«_/

*-V.

404,696

$851,559

taxes

Co.—^EarnihgST^
f * "T
' ' . 1946-

profit after; taxes

Earnings

Earnings

Subl)

to'expand^

in helping

»-

$6,043,304 ;$45,712,267 :$38,866,434 :
1
'. •
1 , • / j:'/'
\ -t

Net:sales.

1946 — 1945 $13,715,573 $14,327,628
870,726

-

-

sales

Jet

'rofit before

-

;

Sillonths Ended Sept. 3b^ *:

/

Net

National Automotive Fibres*

"

Nekoosa-Edwards Paper

'

■

i ; $7,060;325

164,-p/3147.

~-V.

164, p. 3077.

-V.

Nfcisner* Bros. IncJ—0ecember Eales Increased 16.82%;
v 1946-Month—1945'
1946-^-12 Kios.^1945 :.

Period End. Dec.-31—

-

Sales*

2,827,000.

500,000

f,

•

"

1

$278,940

$701,619

/ • 500;000
; '
$1,40

.

i

*;
1

;/"/•.
amount' of the' AUsual "con->
will be given" /■!
regular quarterly
Sept/ 30, 1947r;
based upon the 'eonipany's ope'rations duriftg the/ye'ar." / i
/
> The present outstanding .common stock received 35 cents per share"
Sept. 25, last, while prior* to the" siX-for-one; stock split-up in July, •
1946, distributions-of 30, cents each were made on Jan. 2, April 1 and"
July 1, 1946.—V: 1*64, p. 3147.
- - - ^
. r \
i

v

-

$1,790,040
•1,511,100

438,000

|Federal tax provision
Net

1945

1946

$1,139,619'

whereby, we, as a large

: >
stated that the
demand for its' products continues at record levels, due not* only to
the'1 lifting of wartime restrictions on the use of tin containers, but*
also to- the active development work of the company's technical staff
Which has been an important factor in expanding the market.
To*
meet the .increased requirements of many industries will necessitate;
additional production facilities in various parts of the country, it was,
said.f -<
r,; -V-.A/'1/--/
•;. •
-: ■;
.-V
The new
plants will be designed by the Continental Engineering
Department and construction will go forward as rapidly as government
regulations
and other factors permit, the announcement added.-*-

.

Earnings—

National Acme Co.-

Quarter Ended Sept. 30—
rofit before taxes and reserves*/—

can

production as rapidly as possible."
Commenting on its expansion program, Continental

national

on

2695,

t$l,080,000 carry-back tax credit.—V. 164, p.

shares

274,436,333
3,065,290
$0.71

of $1,245,000. .fAfter

carry-back recovery

tax

v"v r^.vV^

.

.

121,566,012 183,050,533
f2,582,274 *2,492,639
$0.59 *
$0.58

sales

let

Jet profit after chgs. and
SGarned per capital share

:

per

of

Itf offers a constructive means
cooperate,'further with industry

postwar peribd;

share on
record Dec.
dividend basis "of "80 cents per share." " "
;"/V'■
.
Aaron Mayks, President, stated: "In determining the
dividend paid Jam 3, l94t/'the dirCCtOFS^haVe followed "its
serVative dividend policy. However, further consideration
to the payment of extra dividends, in addition to the
dividend* prior to the close of the fiscal year ending
cents

holders

1945 .1944-/

:\w/,:1946

/•

.

of Delaware, Inc.—Pays 200 Div;:company paid " a regular; quarterly dividend of
the present common stock; n'o par value,' to*
27, 1946. This places the stock oh'an annual

3, last", the

Oil Jan,
20

Subs.)—Earnings—

Nash-Kelvinator Corp.- (&
Year End. Sept. 30—

'°niS

stron^workin?
investor,

exclusive of

f

incr68,slii^4y active^ . the New York .* Lua ,,,,

iooK'*»-AOTWfl'r(l^/

i'j

h; .

;

n

'/v' National Shirt Shops

leased department's sales.. tEqual to.
14 cents per 'share on 324,000 shares of capital stock. §Of A. I. Namm
Son.—V. 164, p. 3416.
• Zv\and

•Inclusive

iif thA

I 10,919

profits taxes.)

exces.

*

v.;i

nJ,rtVl

fA

oUh„11„Vl lf ,nae

be deposited, the offer explains '
right to accept, and-pay for such

Is

It

ri£ «,*«#•

obtained

154,605

•/

taxes);

Federal income

135,668

/

first of

the

among

foiR
'^vhc1 New Yf)rlc Stftt© ItisuiducG i
Lftu in the in ,1946, Sunilar invest*
ments have* previously been-reported Gn9/CtGd merchandising-fieldC *The)//',
/New-York Life-indicated that it regarded the present transaction a$
.
the forerunner of further equity investments in the'industrial field,*^

understood the large block of 'stock, recently bought was
from; the Rockefeller Foundation., ^ ....
Vv... g
-As of
Deo.--31, 1945, -National Transit had 504,500 capital shares
outstanding ~V. 16tv p. 2335.

;

$638,869

$748,283

23,135

___iZ——

deductions
for Fed.

additinnai

99,007

129,790

I'll1 -

i- ti-i.Tr

$202,944

income

rovision for

rtr't

more
than 50,000 shares
bank's Clients reserve the

that the

is

This

holdings,;; and/ our

of

dispose

Should

-

539,861

$618,493

$188,714
14,230

ther income

)ther

of

stock, other-stockholders also may
. clients / are
prepared to
cnAh
dicnntiQit!
(• - ' /
*""/d'»(»'••
xacintaie sucn aisposais.,
....
'As agents for these, clients,
we hereby agree to accept the de-,»
posit of and pay for all or any part of 50,000 shares of the capital/
stobk of National Transit Co;,; at $1-1.60• a-sh&re. net/',;
^

$4,422,385 $4,045,280

Z—Z)

?rov.

ifc1
Paclfitf f

■/•/•''•/•i •/'-. .
such transactions'completed by a lifd

Coast,'••

this large block of

of

td

desire

ell., gen. & adm. expenses
Provision for doubtful accounts.—)

Total

., -'

Y./in behalf of clients,.-. . :
..s
ours/V said the offer,, "presently purchased from one
owner
its entire holding of 126,481 shares of the capital stock of.
National. Transit Co. at $10 a share.
Because of the transfer

.

4

>iscts.

several he#
increase

agreement provides that New York Life will purchase
plants which are under construction or will be built to
Continental's production of •container's and will then, lease the prop*
erties to Continental for a term of years.
■/ ,
,
'
The over-all amount of the financing; will probably be in the heigh*
borhood of $10,000,000, it was indicated.
The initial purchase by
New York Life under the plan was made just before the year-end,
was said, and involved a plant now under construction oft the

Co.—Holders Offered $11.50 a Share
stockholders are being offered $11.50 a share for up to
shares of the company's capital stock.
•/■■> i
;/
offer is being transmitted by the Manufacturers Trust Co.,;

National Transit.

-Years Ended——
Feb. 2/46 Jail. 27/45

End.

1947|

Monday, January 13,

FINANCIAL CHRONICLE

COMMERCIAL &

THE

'
-

If -f

T*

+

f. ' '

ft.

„.

h' ^ ^ / .<T«

/r<-

j,'W'

^Volume 165

Number 4559

ui

t-lfa

I -

-I

.

•

215
and

retirement

ject to

of

all

of

Light & Power's outstanding

approval of' the SEC,

Under

securities,

sub¬

Traditionally the first complete, annual statement' Issued in
the
industry,'v Northwestern National Life's report shows a 52%.
jump in
sales of new
ordinary business, from $50,658,491 In 1945 to
$77,240,350
In
t

this

plan,-the outstanding 109,299
shares of
publicly held preferred stock1 of Light & Power wOuld: be
retired by payment in cash1
at the liquidation
price of $100 per share1,
together with all unpaid cumulative

.■A

dividends

per share

which

of Jane

as

amounted

to

$87-

1, 1947. The outstanding 960,992 shares of
Light &
Power's common stock held
publicly would be. liquidated and retired
•by cash payment of $7;50 per
share, Remaining net assets of Light &
V Power would be distributed to North American as
the' sole remaining
creditor and stockholder of
Light & Power. "
' '■
t\>iA* third plan proposed by North American
directors-calls fpr 'the
divestment,, within one year, of the
company's public utility holding
company system. Besides the Cleveland
utility, North American's sys*
tehi

consists

<pr

Co,

of

and

Union

Electric

Washington

Co.:

of

Missouri,

Railway and

Wisconsin

Electric

Co.

.to

$3,761)436,, approximately 8%
'compared tfittt' an 11^"' increase
standing.

increased,

North

'

American

Light

&

Power" Co

and

The

appro11

North; American

North

American directors believe that
the new program will
prompt and constructive disposition of the
situation of the

a

under

Holding Company Act..'1
"
The Cleveland' Electric
Illumiri'ating Co., one of the
standing public utilities, has been a unit .of the North

tem

since

tomers

1922.

It supplies

service

to

1945

to1

out¬

sys¬

to

from

$77,431,247

bonds

$8,601,054,

.in

the

the'

of

as

Dec.

portfolio"

report

shows.

to'

ago

real estate owned

$876,865,

maining
under

supplying a, demand of 804,000
kilowatts, which will be increased to
984,000 kilowatts by a $43,000,000
.expansion program announced Jan. i"7
3, 1947.
v
*4*r.---.=v.■'1
AA'aa
1
The Illuminating
Company is conservatively capitalized, having out¬
standing $50,000,000 of- 3% mortgage
bonds, 254,989 shares of $4.56
preferred stock and 2,324,564 shares of
common stock. Dividends have

real

showed
P*'2412.

0.6%

estate

contract

further

»

of

income

year;

:

1945

1944

$2,255,348
2,212,163

$2,507,260
2,109,898

Tctai

$43,185

$397,362

160,318

160,866

102,5dU

'"$648,902

income

Interest, etc.

Net

$203,503

$558,228

$'242,5154

40,263

103,007

23,148

tEarnings

'

<_■_

com.

shr,

yt-V.

59,432

•*,.

— — r-

69,500

11,000

$389,032

$128,517

*$0,i8

*$0.39

.

stock.

,

1,373,730 shares,
Corp. since June 1,

Realty

assets,

•

'*

-

'

v

Quarters fended

"

-

*

>

and

War

contr.

fees

-Earnings—

:-1946

billing's

Dec;

of

of

as

31,

a

Wartime

year

1946;/,all-,

1945

Gross

'

from

1944

1943

.

,

paid Co. this year- Crl369,910
Cr3,668,000

cred,

Net

prof, subsid.-op.

Net

profit

re¬

Number capital

Earned

1,070,500
15,000,000

1

Sept. 30/4S Junef30,'46 Mar. 31/46
$2,517,822

in

$2,716,256 *$2,559,430

"

1946 Was 'due

to Jackrof

volume arid labor inefficiency, as well as to
shortages and work stoppages in both in
suppliers' plants
Packard plant.-1
/V
v.:;
'A-^.

the

a;- ;..--

,

u.'

(Dei.)^Weekly Output—

*

.

-

-

,

f

SNovember-^
"
November-®-<5rose from railway

*

,

from

*70,822,

|

4,638,421-

5,747,881-

*230,415

Front Jantfary 1-+Gross from railway
Net from
railway
; Net ry. oper. income.

•

•
,

1,062,908

*819,787

1944"
1944"v

r

-V.

164; p. 2961;

company*

Lignotite
®ne• Lipnotit? product line will be done at Paisley's
iiignonte
Chicago plant.

registrar

.

forOntb'' Canada

Of wood preservatives.

.

•:

Jan., 7'filed*-a

A

registration' -stateiheftt

* with' the

~

•

Cost

general and1

Sept. 30— "

1946

1945

A

Uncompl, ord. Sept. 30_

26^352,913
90,616,972

1944-

?

t

t
Quarters Ended Sept. 30—
Profit* after charges.

51,845,765
57,946,990*

;

.

8,794,940-,

Y

;

610,070

GrOss

and

von'-4%

amort,

of

convertible

debt

and

exp.

911-

27;336*;'

0>'IW1:•

-less allowance for< taxes' on incv
paid therfeonr
amortization of emergency facilities

.

for prior-year, less

t

$32,000

orf U. S. ekces*
profits tax

claim

for

*

+taX an<^ surtax-—
proiits,tax^i^^/.»».„jt^___i^
piovision- for

-

ivxcess

accounts

and

purposes,

$52,150, and

notes

to

basis
of

refund

common

allowed

for

Jan.

rS'oSa

- 147,000

doc AAA"

21;

Payments

last

of rreserve*

1

Provision for tax

Crl 002

f0r^i^^"rintmg^es
th

'

15,000

Earned surplus at

$469,828

beginning of

year

-Total

<

7"1

Pfetoium'

on

*

' "

■:

,

15,338

stock-__„___.—101,115 jredemption")f 7%+ 0um7 pfd.stbck
65,730'
,

Earned Surplus at* end
Prnv. .forAdeprec;

$128,075
"include

of- year_ 1

and,"iri' 1945,
accelerated amort., of

$801,480

^__

amort; and*
fixed) assets

sales

and

* '

expenses---^-

...

"

ASSETS—Cash'
excess

profits

tax

^

on

hand

-refund

and-

bonds,

demand

deposits,

$28,824;=

.

■

Proceeds-will be used
and

to

.

capacity.—V.

1

s—.-i

*

■

zsi

i

"

crft oftd

of-$178,485),;$977,801 "unamortized

debt

,

$1.24

the

next

1

.

..

-

-Ov

*

;-""^??^ lot confcingentieS

$206?-

1

basis)

S

*

.

T4''

v

1946

„

'

four

years,

after which

......

_

nftpv

phnrcp^

047

^5

r

^

-

-

C

"

\^ag6s/J $50,860;' accrued commissions,
$250,000

$5.87

profit

A= v

U.

S.

;

outstanding
Earnings per com. share

'

*

There-was included

afeferiil(^^^ries;';SndS®^'o^thref-H ^lfCo.,
$22,941 jr* accrued'' taxe6 -(leSs
?■'%%>

v

>>•»"-

v,.*

same

-

of Nevada)

7

$271,627; earned'sifrplus sincb'
OCt.■% 1931,.$801,480; total, $4,A6,'071i-|yV; 164, iS" 3148.' a v/'- V - " -

ri/

Net operatin'g incoiriei
l'g incom'e;_"

OtheV iricome—net

(&

•




5,815,000

-

-

1,143,000

in- preseritipg??the1
year-eridS report,y painted

in

252,328

$14.22

a

4,6Y2,000
4)921,875

V

$3.33

I

m

and- Bell TfelejfiKbhS Co.;

5y588,834-

600,080

Earn. -per

com.'

share.A A

*Decemberestimated,
month period of

a

$1.40

tlncludes

4,988,754*
5,537,188'

-

'

^

an

$902,269

V?;;" $4.33

$960,281

258,604
1 ;

243,683'

$3.49

a

V

-;

$3.87

profit for the--period, before any proitem of $1,450,911 resulting from transac¬

gross

taxes, an
Special, nature'which

are
not necessarily
recurrent.
Thiscompares with
smaller gross profit of $211,909 during the
period of 1945.—V. 164, p. 2057.

Sept. 30— ;

^

'

1946 4

1945 ;

1944''"

,

$35,774 A-V $41,554 a) A $66,936.
Uurrettt assets Sept)/ 30'__;_:-,
.1—,
1,343,205
1,429,719 \ 1,513,245**
Current liabilities Sept. 30_"—115,381 /... 114,766 > a. 184; l5o
Number 'of" capital - shares"----^-a 2,091,864
2,091,864 ■
2,091,864Earned per sh a re___
$0.02 >; y,. $0.03
a;A $0.01
1 * After - charges- and
Federal taxes, but, before depletion.- -v..
162,5
pv 139.
'

-

.

*

.

•

-

-

!Parke,* I^avis
9 Months Ended

& Cot

(^Subs.^Earnings-r'
;

Sept. 30^-V)

■Fotal

A

360,828'

income^

H
Common

A A-'i.-

23;505,000' 24)216,173^
a

3;657,000

$1.53'
estimated

19,848,000
A

$6.07

refund

1

,

$6,78

arising from
$1,052,000 and $2,686,000, respectively.—V. 165, p. 112.

=

.,

L

218,345 "

' ;

208,864

5,979,000

7,325,000
a7,:

$5,701,462-

.

■

■

on 1

.

NOTE-^-Coxripany anticipates

con

4,891,580
"

a

A

8,120,009'

$5,634,816'

-

4,890)780:"61-91$1.16

4,896,789
$i.iy

adjustments - of .contract prices oa
salek«td,U. St Government -for1 the 1946-arid 1945 petiodi. - Nd' adjustVment " of earnings was required in renegotiation of war contracts- for
calendar year 1944.
a
:
""

21,600,502 i

20,302,813 v 20,918,125

.

shares
outstanding——
Earnmgs' per shaTe-*_A_^4^;---)-- "

'

2,614,671

....

".

.

$15,381,620 $13,026,462 $13;754;816."

28;2i4,f42:1 VFed? incdme and extf. profits taxes_;

.

*

y

1946 A-T'.
1945
1944
$14,970,792 $12,808,117 $13,545,952

.y

Frofit from operations
Other income.

*v

Dividehds'

75k
1,921,721.

l 921

2,048,167

*

;

W

«.

$2,882,002

2 ma Ict

Earnings— )AAyy:;y AAi!

SubS.)-Eams.;

"9,033,926* 24,'(113,000'

'

.

$1,092,160'

—net1t-,,.'^^t^fOOO;i)r3,445,092';'1y':Dr5p8,OOpt;'£Y3;999;i969',(A'-j^1v1*"-':A

> =J.". •'-ijNorthwestern National Life Insurance
Co., Minneap- J
Total incofne
oliSi Minni-^Issues Financial
Statement—.7 •*;:
V* :;',v.,?nterest deductions ___

a

(..G. /J.v. Arnold. .President)

r5)926,000

S>2 rr? nos

$2,950,436

2,408,559

•Net' profit?

cOnvei'tible--debentures;-:$25,933|-miscellaneous--accrrials'"$16vll6;'"":f!',A';

,

<

-

f. *
,
* ,■#> *
Treasury tax notes—at cost), $298,684;=
accrued;interest)'"" Period End. Dec. 31—
dn"'4%
*1946V-3 Mos.—1945
?1946—12-Mos.—1945 'T
■
:
4%- convertible debentures,- due
$'
-' a.-a.;
April- I5r 1966,- $1,414,500; reserves for
Operating*: revenues'' ^-_ 68",134,000 65,045,771
sales-warranties/ $68,466;-reserved for-tax
265,954,000- 248;870,088 '
contingencies,<=$125,000;"-re-*1:; OpdTatiftgs ekpenseS ' _a!" 56,490,000
serve;for possible future'; Inventory?' price*
47,602,008 215,341,000-167:291,874"
decline, $85,000; common-:,
Taxes
stock no par"
value) at stated value''$l per
-15,718,000 a 8,409,837 126,600,000
53,364,072
share)1 $202,230; capital" Xk'-.*^
"
a
surplus
v

it>2 950436

2 aiui ssq

252,328
'

vision' for Federal

A" 9 Months Ended

_

i

.

'

ti roo719'-

$3,'58'8,641

Shares

l; < 396,123-

•

$3.17,

I,

'

■

Rfi7

2,259,226^

,

it

^

1876.

p.

stand-by

either let

may

; ^-''•4944:-0Va

1945

vokq 22a

r~"

Net

....

_L;

396,123

Co.

payable^;)61;627;234;^^

V. 164,

'
■'

.e*

_

'V''< 'X"VlilABILITIES-^Acriouhts:

:

company

Subs.)1—Earnings-—

19461

profit-

$1,256,000'- $i;317;700"

792,246

,

the

of $6,000,000 to
by Crocker First

may remain as a

.

'

Vv 164,'11.-730

-

_

.

_.„nr,A

nf

^a^gs p^S ^

$0.84

Federal

aa

" 1945- ; *
"1944''
$7,936,000 $10,757,700
6,118,000
8,315,000
562; OOO'
l,125,000'

4,316,000

,

:

and

amount

"

2,000,000

i

$0.96

'

"

$10,964,000

..

acceptanceSi re-

1943

in.1946, $224,937 in* 1945, $670,574 ia

Park & Tilford, IilC, (&

tions .of

-

-

1944

$0.70

ofr San Francisco. -Tho credit

q

•

f

EndedSept* 30-^"

1045

$370,911 a; $449,906 ; >$425,603

.

duxmg the ten-year period will be 1.875/c.

Pacific Mills (& Subs.)-

9 Months
ya

$0.98

...

credit

equipinent'should approximate 25,00O;-: 1
iare^^availablefort^additional' manufacturing.

.!■

■

$375,800

*'

Pacific Can Co.—Transfer
Agent$513,835" aBank- of'
the-MarihMtaw' Coriipany;, 40'.Wall
aV, !- -">v.: I-.'
St;,- Nevi' York, N. Y.,
v has; been appointed transfer agent in' New' YorkCity for the common
stock,;part yalue. $5r effective'-as. of Jan..
2', 1947.- -V. 162, p. 3079.
204;i2l-

(after:
(after reserves "
emergency facilities
expense, and premium (h"et),
.

cn

for a stand-by
bfr made- available by a' syndicate"'of banks headed
for

164, pp.' 2696 and 2551.

v.a

1946

(& Subs;)—Earnings

1946

$634,940

-

,165"

volume with initial

Space facilities

* •*' :-5 Profit ' after; charges_^__'_ "'
$1,000;3&1" U< S. : it"'""' and State taxeisL.
u: g.:;VFederal

$1,173,312; property, plant/and equipment
for-depreciation oL $526,917! and amortization of

Sept. 30—

__1

National Bank

'

notes^ and

profit

excess'profits taxes; of $302,609
1944-and $407,239 in 1943.

•

,

.1945-',

Arrangeu Bank Cre,dit~

complete

equipment.—V.

in

,

**A'fter depreciation, amortization, Federal income taxes

•

,

Koster, Inc.—Bonds Sold—The First Trust Co.

"

000-lamps,

{- 91,004

(trade),#$36,249;. accounts receivable "after, reserves pf
$1.124,420;,;inventories, .at' lower of cost (first-in? first-out

W market,

,

$635,514
>30,675:

$54,258

BALANCE SHEET,-SEPT. 30; 1946

eeivable

342),

en'nAe
59,746

.-t-.■■■■•

'.♦Inch, provision for. doubtful
accts^ and notes

\

'

3 Mos. End,

.

,

•

:

.

.

of

.v'-i"I v.:t

x

412,462
r

$983,663

Ca sh dividend: /palrif oh 4wr df Wtetf ^ tockl
Dividends on common

A

$223,052

513,835

*'

"

The corporation has/acquired the Hudson
Lamp-Co. of Arlington,
N- J-, manufacturers of
electric-lamps,1 and wilt; operate the-latter as
subsidiary.,;' Hudson will manufacture incandescent
lamps of the dec-:
orative and Christmas'tree
type-and-flashlight," panel and other mlnia- •
ture bulbs.
According to--John. A.-Proctor,-President of
Oxloi'd, HudsonE's annual

——

\

.

later

J.)—Earnings—

Paraffirie Companies, Inc.

OxfbrrK^l6:.Co^,'.Cli^

a

—

'

-

112;

.

.Cr26.1*57>*
•
15,000.•

.

contingencies™———____

:

.

$498,573
,4,702,944V.
SO.lO

A

164, p. 3418;

♦Net

-

Lincoln, Neb., in

P^

absorb costs'of

—V.

-

the

on

made

RESULT^ FOR NINE "MONTHS ENDED "SEPT,
30,
after charges and taxes.
Earnings per share on 385,138 shares outstanding.

$1,973,235,
$0.84*

$0.82

-a

payment for- land, buildings

-

'

$1,935,745

$498,573

income

record ;
Earnings per - share
Jan.-28,-,1.25;.-May l»t J . comhion stock
each.—V. 164, p. 2057. <
♦ *
'
'
i

1, $1.25
;

Oval &
Of
^

1

ventory price decline

utilized-during the period
post-war; reconversion

declared

,,

gage bonds, af par.

Fortion

$2,076,281'
$0.89"

dividend of-$3 per share
value,', payable Jan.- 27 to holders.
pf
year were- as -follows:

stock,, rio .par

...

tax

fVinwxnf

Jan. ,4

on

and Au8- 1 and Nov.

sou,boo

for post-war

reserve

fldY"

5,988.

——.

.$1,59.

*-

*1945

:$3;l37,838r

Pantasote Co. (N.

1,228,150'
8,260,000

(The) Outlet Co;—To Pay $3 Common Dividend—

The directors

doubtful

600,000
5,945,000

'

"

fli'nnA

Reduction of prior yCarS'

$3,-481,654

_i

-

r

5,Ooo

resulting therefrom-'

?

8,595.006

1946

capital 'shares4,702,944
pharelA
,
$0:67

"Adjusted for' accelerated amortization charges
and before renegotiation)—V.
164, p. 3295.

.

$8,646,980 $ll,762,89gv
166,235301,513

1,080,006
2,080,006

"""^Earnsi. per sK on.cqm.-,
8,751
—V- 1(»4- P.. 2296.

i

1,527

Additional
-

.

Earned per

*$7,784,887 $10,979,328
862,093
783,570

$800,933

A

'
-

.

and

contingencies';i ,':V(h-,':'
Federal income/ taxes—

& Net -profit

debentures

...

t

A.;u.

readjusts,

.

'

premium

SSvf !^SgotK^f^nd"^iFVl9^

.

A

$5,823,044 $11,831,894
261,390
80,613

—_

deductions

Postwar

I $800,022'

$941,691

a

,

Interest

Other
Other

3,269

income

..

■'

Total income

:

$938,422

.

Operating" profit
$4,842,869'-$10,827,605
Other income J—.
980,175/
1,004,289

7,417,415

693,156

A

$4,709,838'
1,572,000-

irtc'oine:

on

rofit
-r.

Other income

.

1943

A

65,526,934. 53,353,790
40,771,542 ^ 60,006,150>

1945

v

" Profit^ from- operations.

/

•

According to Mr;- Lenz,, tho ■ consolidation of the* Lignotite
products
PaiSley series of synthetic resin arid rubber emulsions,

Federal' tax'

1946

administrative'expensed—

"

......

ncompletedv"""."

v

$10,*26',5*8' $8,827:507

Of

•Selflng,"

of

pioneered in the development

•;

with the preseh"

•

Grderst:'b'OOked-%ii_«J^ $^2,968,427 $58,123,123
$68,961,516 $3'7,I>40,872
Orders

789,815
t

*

cdmriahj"had -been engaged iri the manufacture

casein glues since 1910.; In addition, it

.

Norwalk Tire & Rubier Co.—Annual
Report—
Years Ended Sept. 30—

The' Lignotite

-

.

,7.

,

—•'/

oni

manufacturing of
recently improved!

a/;,the
the

v^

,

a

Ctdi

~

"

9 Mos. End.

1,353,713

;

610,081
-

1636.

appointed

v

48,293
5,664,664

1,174,552

GrosS sales; less discounts, returns,
allowances/freight, and. excise taxes

our

>•

Earl C. Lenz, sales
manager) pn Deer .26, announced that (his firm
purchased the • Lignotite Co., formerly located at 882
Milwaukee
Ave., Chicago 22.
The purchase'included all
formulas, manufacturing
processe's.rteChhical and customer records and supplies. The
purchase
price and financial details were not disclosed.
All

,

i

^

3,054

20,316-

-

...

1943 "
1943'"-).SEC fpr
$466,729 *

5,656,090
A

The

—

.

'75,480

441,049/

-,

;

$489,902

'

•Deficit.

qM

•

p.,
•.

York

Ortf'YellOWknife'Gold'Mines

-

,

New

of

•

■

'

xtegisters witn
,

.

•75,561

railway^

1945

Returns

despite

seen,

*

■'-•b3-'-f-k^

'

$401)951
*13,4i5

'

Net ry: oper, income

,

a

1946 '*
$476,327"
'"4,246"

t

,

Net

.

-

VnHliwMiArn rauui
tfarnfndc
^vruiwesieiu 'pbifie Ult'*"'* -Earnm
iuaiiuiigs

Bank

vr. ; „
has been

v

,

-

r

164, p.

The National City

.

T

,

distribution.

of

has

,r

;..k
'
'
uWi
EleritW6>utput of this^■
tbtaled"^ 54,367,006'k*h.; as
"ompared vwlth " 46,506,000 kwh. for the"
corresponding week last-year, art increase of 16.9%.—V.
Ife5, p:* ll'i; •
*

office system

zone

•

^ iiPafeley I^oducts^ Inc., Chicago—Acquisition—

„

,

*

the

;

our,

,

.

*

Into

merchandising move are now being
vAA''l"AA'i'^' v 'a

production"

:

.

subsidiary

since car production was resumed in
schedules and 6.728 units were
shipped
during the month, M. Christopher said.-^V.
162, p.-3197. ;
,
•

1

Northern' States Power Co;*

sound

car

sales

streamlined

we

.October was the first month
which shipments" approximated

__

:

that

from

years,

organization

from

limited

:

..,

*

$0.22

George T. Christopher)
President, states that the company's loss of
$6,060,235 on "normal factory, operations" for the
nine months' period

railway :__"$Ll,749i729 $12,06"8,5*06 $13,368,034
$14,571)959 A
Net' from railway1—.
i^A'?:2,928,I84;!|j2^39^84;^>3;929^97'itt 6,256,302 ili Patent No. 2118888 held invalid and not infringed. The opinion was
Nty ry.oper. income
1,884,088
.2,593,637.
2,344,210
3,927,736 •! Written" by Chief Judge Learned Hand and concurred in
<
From January L-u*
by Judges;
'
•
''
?
A> N. Hand, and H. B. Chase.
1
GrossAfrom railway..
115,819,269 137,682,471 143,591,577 135,336,302
The U. S. District Court for the - Eastern District of
Net from railway
New' York*
19,885,442
34,723,861
45,982,563
50,434,994
had previously ruled otherwise.'
- "
«
Net, ry. ,oper) income:—,
12,290,931
25,215,055
21,643,421' 31,947,192
The patent in suit is for a master unit used:
extensively in the'
-*-V^165> p. '76j
'
hectograph art in the spirit duplicator process. •V.

'

3,280,131
15,000,003

$0.07

shares

share

per

"•Profit.-

of
Appeals, Second Circuit; this corporation^ wori the
Shit which it instituted against Remington
Rand, Inc. and Columbia
Ribbon \& Carbon Mfg.t Co., Inc., to have' the Lewis and
Menihaiiy

A

-

1944

64,358,312- 205,018,074 354,503,602
6,060,236
*5,473,500 *18,306,131
4,403,000
15,026,003

■

.

.

res,

sales

*\

f

tin-

194&,

Carry.back tax" credit—
$1,090,306

Sales-^A
—-

(& Subs.)"

Loss from operation
Federal tax provisions

$6,541,218

home office buildings has been sold
report states; * Loans to policyholders
from $6,092,528 to $5,846,792
-V.
164,.

decline,

J *•'<*'1

Car Co,

Nine Months Ended Sept. 30—

Sales

contingency reserves and
from $9,715,963 a year ago

as

Packard Motor

r

f

Circuit. Court

1945

$0.13

.

'

railroad

of

,

from

than

Sales"

J

.

5

fOn

Ixi explanation of the
net profit of $1,409,465
operations, he said that'"during the war

1946

$139,978

$180,694

f$0.40

1,Q0Q,000 shares, of capital
$112,743. income of Getty
164, p. 3295.

cludes

levels' lit

?

$550,754

per

22,809

',yy

75,000

"Ori

.

A

'

;y ;;

profit

material

November-

1,754,71*

$281,242

on
debs, retired.
Provv for income tax—

and. in

-

1943

$1,894,6935

A). 367,660

income

Loss

the

g Norwich
A

gain,

item

increase

an

shrank; from

total

other

deed,

for

1946;. the

Capital,

.made a'further
the end of 1946.

at

The item of

,

.31,

showed

other-surplus" funds
to-$10,202,603

more

in the
country. Its extensive electric transmission and
distfibuf
system is fed by modern- steam electric
generating plants capable

of

preceding

reflecting'the1'nation's-high"

mortgage

than, 369,090 cus?
and adjacent
territory extending nearly 100 miles'
comprising one of the most- rapidly growing industrial

areas

tion

etc.

Profit
Other

shows.

of

company

nation's

the

Nevertheless -first mortgage-loans
outstanding rose from $15,-'
in l-945-to.$15,464;988 at the end of
1U46,-the statement says.
'*■ Reserves
on
insurance policies and annuities increased •
from'$95,454,094 at the end of 1945 to
$104,938,691 on Dec. ,31,'..1946.. U.. S.
Govefrimefilt securities
.owned" increased from $70,006,804' as of the end

Co.,

American

in

iri\ the" amouhT of" insurance out¬
policyholders, aside from loans; again

living

1946.

in Cleveland

alohg Lake Erie
'rtfk

electric

depr.,

3946

$2,955)420
2,674,178

050,161

result-in

the

rising

to

than

more

$3,210,705 in 1945 to $3,641,795 in 1946, the
va\a7"." 'f-y
>;/
$5,000,000 in home loan commitments .were made
during 1946, mostly all to veterans, a little more
than half have been
actually consummated, the report states, 'due" to
delays met by contractors'arid veterans iri the'
construction of homes
to be financed*
At the samg-tirne a record volume
\of mortgage loan
payoffs wasrexperiehhed,

,

y

Sept. 30—
royalties"—.

Exps., taxes,

Although over
by the company

priate time, it is
proposed to submit to the SEO for its
approval, and
to North American
stockholders -for • their
approval, a plan for con-;
fcinuance of NorthAmerican, with-reduced; assets, ; as a; cPrporatC
enterprise not engaged in thfe
public utility field.
\
'
■' C
y In announcing the present action By North American
directors; Ed-1ward L. Shea,
president, said,1'In view of .the,-' recent- settlement; of
inter-company claims and counter-claims between Illinois Power
Co.,

'•

Payments

statement

Electric

the

At

Corp.—Earnings—

9 Mos. End.

Net, after

,

,

Power

Pacific Western Oil
!

1946;< total insurance in force increased from
$618,063,402 to $685,226,548, and total assets rose from
$126,962,632 as of a year ago
to $140,658,170 as
of Dec. 31, 1946.
A
'
f
"the report shows record' preniium income of
$18,148,981 for 1946,
compared with $16,086,223 in 1945; total.death
claims paid amounted

Net

-

as

sales in

the

first

no

nine months of

against $39,653,754 in

the

same

1946

period

amounted

in

to

1945.—V.

$47,867,701,
164, p. 2961,

exps.

Net income—

1,235

—

———

dividends

Goanmon

,

859,017

.

.,

♦Ealrns.
"After

Period Ended Sept, 30«—

jToIS

assets

"

U;- S.

Government securities

I Inventories

Y

'

idujfjcnt assets —
Querent liabilities

——--

—

su.rplys
—-—
2,280,511
Number of 70-cent pfd. shares__i-_
Number of common shares—..vi429,498
ned

—

,—.Vv 164,

957.

p.

2,179,854
'!> 2,142,975

—V.

FOR

"RESULTS

ENDED

other revenues.. iX A-rti- -iifU — U. <£«* *
Nft&iincome after charges and taxes.
Earnings per share on 425,000 shares
—Vy 163, p. 2585.
> . ,.
.

U*.

-

-

$2,539,573

$1,804,620
$2.50

7;v

•

.

).15
'

depreciation,

7?|j905:shares.—V.

a •

*

:

$1,159,758
. >
$1.60

J
1944

>•'.

and pro¬

$4,923,678

notice

in

the

>

before

delay

15

•

the

to

Gross

Net

ry. oper.

Philadelphia
Electric

.

•

..

..

Co.r is

to

•

holding

a

those

of

public

holders

Sales

i The f electric> output
4,

165, p. 112.

kwh.,

company

.

1

''

sales

'r

f

1946

^:

1943

Eamv per share
"After charges

"ffet income ____—$418,311

O^stand'g
Eftirus. per
"After

com.
com.

all

shares,
share-.

charges and

310,062

•

; 310,062

-

"v.

$1.35

taxes.—V.

$128,028

$0.64

.

162,

310,062

$0.41

$0.66

••

-

.

:

7

;

4

W.

M.

the

During the last century, this company has paid out more than $1,-;
625,'000,000 in benefits to American families according to an announce-.
m$nt made recently by John A. Stevenson, President. The• company
vaU&mark its centennial in 1947. Of these henefit payments, more than
tirade-fifths- or approximately $965,000,000 went to living policyowners,

bJWfc-the. remaining $660,,000,000 was paid to the beneficiaries of policy' V
•• ;■
When the company was founded in Philadelphia in 1847, there were
2^ policies on the books at the close of the first month and 142 at
that end of the first year. The. Penn Mutual "family" today is prot?P|ed by more than 750^000 policies.—V. 164, p. 957.

than
Y

newly

elected

a

director.

>"

.

Pennsylvania RR.—Earnings— '
Gross from

j

Net; ry.

>.

1945

'.

oper.

10,052,177

income___.

il'

1943

14,795,765

22,913,363

5,477,711

6,799,464

9,147,752

21,220,311

:

4,445,647

.

Fjrom January 1—
Gross

from. railway..^ 755,339,794 872,152,835

Net.-, from

Net;ry.

railway_____„

income^..

oper.

931,917,947 895,787,432

71,259,195 191,554,126

256,071,665

24,653,411

101,574,148 118,470,610

101,711,206

291,125,497

;i:' f>. EARNINGS OF REGIONAL SYSTEM
(Excludes L.

I. RR.

and

Period End. Nov. 30—1946—Month—1945
$

Railway

Net rev.

Orders

Net

ry.

164,

$

*

•

*

;

'V-',

income.

14,779,237

70,748,188

Pond Creek Pocahontas Co; (&

5,101,899

1,016,373

13,495,000
12,354,731

1,101,026

14,414,720

'

712,399

598,948

4,623,006

175,522

193,382

1,885,955

2,299,943

handling,;)!:

Gxqss

tions

to

necessary

railway
railway.—„»

oper.

income—_ Y

1945

1944

$630,985

••'87.520

"100,326

$814,562
80,215

"308,785

"109,573

"202,647

-

"Deficit.—Y.

164,

p.

2961.



,5?"*1t

,1*1

10,700,049

2,242,804
.

"265,744
..

11,587,350
3,046,441
527,924

Y

!:Y.

$826,838

340,000

Y

440.C

$386,838

$404,547
169,742

169,742

$2.38

i%:\ $2.28

■fxy'yv**'

■

r

'

Y1

=

,

.,>■

Y

-

YThe

on Jan.

company

2

shares ($10 par)

filed ft letter of notification "With the SEC
preferred stock to be offered at $10 a share.
Inc., Washington, D. C. Proceeds
equipment of radio station and to.

Underwriter, Rochdale. Cooperative,
will be used to finance erection and

provide operating capital.

.

5-

registration statement (No. 6582) filed with the SEC on July
preferred
75,000 shares of 5%. Cumulative convertible
(par $10) has been withdrawn.—V. 164, p. 322.

"

The

covering

and

stock

M
Pressed Steel Car Co., Inc.—New
I.

.John

Snyder,

Jr., of
164, p. 3149.

director.—V.

Director—
has been elected ,

Kuhn," Xoeb .&> Co.",

Public Service Co. of Indiana, Inc.-

Earnings—

1 1946—12 Mos.—1945
$24,885,049 $24,768,035 $27,178,812 $27,149,857
1946—11 Mos.—1945

Period End. Nov. 30—

Operating revenues
Operation—
Power purchased
Other operation
—

1,449,943

depreciation—

2,687,850

2,555,585

1,110,218
8,186,496

—

for

Prov.

for State,

Federal

taxes—

;

local &

misc.

2,023,118

8,052,216

1,661,228
2,786,423
2,064,692

2,194,390

1,921,795

-

1,625,892

1,207,041
8,927,909
1,725,457
2,923,267

1,471,877
7,322,484
1,450,134

Maintenance

'

Vf ,,u'V' :0

Inc.—Earnings—
SIX MONTHS ENDED SEPT. 30, 1946

Mich.—Registration

Precision Parts Co., Ann Arbor,
Statement Withdrawn—
*

, 4

,

;

Net
Net

„

$2,200,929
Y
$0.88

this

appointed Director of Industrial Rela¬

°

company.-

with

with
that

In

has been

Burk

H.

Atlantic

Refining

Co.

for

the

Y !
past 12

of

inc.

& ice

for

yf

Fed.

income

profits tax—
chg. for portion

—

exc.

Special

prem.

plicable

&

to

Net
Other

ap¬

exp.

long-term

debt refunded

and Job evalua¬

Y

SfSfS

in 1945

operating inc.-

income

■;SS Y:

$6,556,422
216,210

(net)

profit

per com.

"After

all

:

share

charges

;

,

!

1946
$563,659
$0.38

1945

$635,043
$0.42

1944 ! '/
$596,695
$0.40

net

Int.

profit, for 1944 excludes a

.

-V.

other

&

Net

and taxes.

non-recurring charge of
approximately $67,000 applicable to 1944 earnings in respect to sale •
of properties in February, 1944.—V. 162, p, 3080.
Y Y ' •
NOTE—Thq

.

30—

_!

,

p.

54,000

2,446,000

$6,895,410

$5,703,299

2,446,000

$5,509,871
Y

88,855

221,872

■

$6,772,633
2,037,889

$5,298,727

2,260,179

$7,117,282
2,215,265

-a—

$4,734,744

$3,038,547

$4,902,017

112;

•

•

945,106

,

deducs—

income

165,

Y

y^Y^Y

$10,200,410 $11,904,510;2,939,000
860,68*
2,524,000 Y - 312,000
2,894,527-:

$9,427,422 $10,928,871
749,000
Fed. normal and surtax '■> 2,871,000
Total

JY

•

X)r336

882,713 ;;

;

1945——.,

in

sale

of

$10,200,747 $10,959,403

gas,

prop,

periods prior to dates

of

Mr.

years,

that concern as Director of Organizations
and
position he was in charge of the firm's industrial

$9,427,422 $10,046,158

income

oper.

oper.

water

,

Glass Co. — Director of Industrial
.y'■!?'

9 Months End. Sept.
"Net

11,585,266
3,268,877
1,057,496,

Yi'.. '•

L.

serv;ed

Earns,

railway—
10,300,245
Net, from railway^—'
872.159
Net ry. oper. income—
"1,381,207

YYYYY' .'

Pittsburgh Screw & Bolt Corp.—Earnings—

$727,919
"13,115

"284,511.;

Gross from

f"

^

SEC—

Prov,

engineering, office methods, organization and policy,
tion programs.—-V. 164, p. 3149.

1943

$751,583

for

Methods.

From January 1—

-

1944

1945

>....

'Vl.ft

>:•

for 7,000

their

in connection

Associated

f Burk

101,258,789

1946

from

Net from

—-

D. C.—Files with

'

profit after charges/taxes

incurred

Samuel

Pennsylvania Reading Seashore Lines—Earnings—

Net ry.

t

-

I' jpotomae Broadcasting Cooperative Inc., Washington,

antici- V

transportation

'jjV'p

Relations—

3296.

November—

'

.,

$744,547

$710,684
339,484
$2.09

—

share
p.. 1637.

are

Pittsburgh Plate

11,722,398

'

.-

contings.—

&

inc.

on

per

Philco storage battery plant. " —Y. 164.
•'
•,•
now resulting in a con- •:

the

—

12,699,370
7,170,246

23,974,776

tax

profit
Number of capital shares
Earnings

and. a non-recurring expense
with the debenture financing
Earnings per share on 1,998,470 common shares outstanding
V. 164, p. 2325.
J

Y?

56,120,891

1.142,056

6,767,609

■

\% ;'>*> V'

Subs.)—Earnings—

1946
$1,260,684
550,000

Net

r

to

*

after charges

Federal

of completed batteries declined
backlog of orders is 40% greater

equipment

-•"v"1'

191,271,637

1,332,368

5,417,640

Coi. (& Subs.)—Earnings—. •

9 Mos. End. Sept 30—-

4

RESULTS FOR

.

Net

$

73,981,144 756,830,730 874,013,133

oper.

p.

'

59,201,907 686,082,542 682,741,496

Railway taxes
U;nemploy. insur. taxes.
Railroad retirenh't taxes
Equip, rents (net Dr)__
Joint facil. rents (net Dr)

—Vi

•

72,921,572

10,006,985
1,227,000

,

„u* / fc

.

'

Profit

34i8,\;:YYe;;Y:::yyyYy.y;;yy^:-ySYy;: #yy:/

164, p.

"'•h'-:'

.1946—11 Mos.—1945

62,914,587

from ry. cper.

$0.26

yy^YvY'^-y^yy: Y;

,y

Philip Morris & Co., Ltd.,

expenses

oper.

$65,684

Y 250.000

$0.27

profits
No. of capital shares
•Earnings per share

id part:

for storage batteries for material

materials

essential

of

'I—v.

'

revenues-

oper.

R^gway

'

$67,217
•250,000

4

Period End. Sept. 30—

total

& E. RR.)

B.

,>

-

Net

'
.

•

124,445

! i 1946—3 Mos.—1945 Y 1946—9 Mos.—1945
^
$611,305 ' $443,952" $1,391,360 $1,448,164
1,032,216
1,036,301
1,032,216
1,036,301 •
$0,59
$0.43 Y
; $1.35
21.40*
~.V.163, p.,317;;Vf ^62, p. 3080.
• ■',•,•
'

Y

production and the
interrupted operations of heavy industries, which is among the largest
users of storage batteries," Mr. Heinritz said.
•-"Any estimate of 1947 volume must give primary importance to
the available supply of lead, and there is reason to believe that at
the present price of 12.55 cents per pound the supply and demand:,
for lead will rapidly attain a closer balance.
On Dec. 20, 1946 the,.
Civilian Production Administration announced the imminent removal
of the last
of the wartime restrictions on lead, and this should be
very helpful to the battery industry.
Y- -YY-1' -?/Y:
Y "Other materials essential to the production of industrial batteries
which have been in short supply
include rubber, steel and lumber.
The situation here too is much more hopeful than it was a year ago."

1

,

'1944

additions

acquired

1947."

important,

ities

railway___> $72,819,903 $73,823,964 $82,923,368 $80,088,374

railway

Net: from

1946

.

-a; ;,,4

$190,129
Y

250,000

—.—

Plymouth Oil

y

YY1944

$206,635

"$9.82;
—
Y-Y——-:
>r-V.a62i p. j680i r) - y-y, ■«■•:,Y/yy * y\. - y,.
»*'.^
; y
y
^
^ yy1
-x

3:}( i*-*' j"-' 'iV'",

;^

•

208,602

;

.

1945
$138,812
rY 71,595

|
—

capital, shares
Earned per share •

supplies of materials, of which lead is by far the*
output of the industrial storage battery in¬
dustry in 1947 should reach at least $55,000,000, an increase
offv
about $10,000,000 over
1946 levels, according to a year-end review;
and
forecast
of the industry's prospects by M. W.
Heinritz, VicePresident in charge of the corporation's storage battery division.
"Total industry shipments of industrial storage batteries in
1946
fell considerably short of the anticipated volume as a result of scare-,VY

,

'

-

I, J

.

.

{

:

reasonable

With

most

>

,

7

.

'

~

$415,237 ;

—

tax, net ———

No.

-m and
export, requirements.»:
Techniques and material processes developed during the war have
also been adapted to peacetime use to improve storage battery quality
and
performance.
Present indications therefore are that both em¬
ployment and earnings of the industrial storage battery industry

Jpseph T. Berta was elected President of the Pennsylvania corpora¬
tion).
Since 1928 Mr. Berta was connected with the Philadelphia &
R^a^iing Coal & Iron Corp,, more recently as General Sales Manager
ira charge of distribution' of all large tonnage.—V. 164, p, 2551.
:

November—

Y.>

/1946

*

profit-——L

.

V":'V;Y

pated increasing demands

Will increase in

was

current

1945.

.completed

and

shipments

Division's
of

end

"Recently

-

although

mining t communications,

special meeting of the board of directors/held on Jan;. 7;;:it
wag. announced, that. H. Lionel Kringel has retired as President, direc¬
tor and Chairman of the board.
He will, however, continue in an
advisory and consultative capacity.
C. Prevost Boyce, senior partner of Stein Bros. & Boyce, has been
eleptcd Chairman of the board, and John S. Routh, President of the
Corp.,

Co-^—Earnings—» y;

/

;

i--_—

^

Y Net

3,432,221: ■
787,532 -;
1,444,086
1,444,086
*
$2.37 ^
: $0;54*

•

income

vY-YY

siderably accelerated shipping volume which will help meet the

,

Coal

1,444,086

-IW 1 :Y- •' $1.13- >. ■ • $0.18
snd taxes.—V. 164,' p. 2057.„

* The

the

at

facilities

a

Routh

Federal

charges

week of 1946.—

Iron .Co.«~-Earnings^s

254,551
1,444,086.

after

kwh., :aa increase^

corporation's storage battery division obtained almost
dollar, volume of industrial battery orders
as in
the;

year,

somewhat.

Pennsylvania Coal & Coke Corp.—New Officers, Etc.
At

1,661,049

•

-.

Pleasant Valley ,^Wine

the

identical

previous

oyners.

0oal

Heinritz, Vice-President,-ott Dec. 31,

1946

"In

-

-

134,825,000

to

&iki

;v r; ••": .^'

;• ■ ■;.-•>•

share

Years Ended Aug. *31--

Corp.—Backlog of Industrial Battery
Higher—v;^• ,v

Pertn Mutual Life Insurance Co.- -To Mark Its CentenThis Year—

vr

•Earnings-—..
1946 ^

-

common

per

Profit

Philco

3079.

p.

■

$205,192

310,062

$197,695

■

v:

1943

'

1,667,608

.1,802,435

-

1946^3 Mos.-—1945 - 1946—fr Mos:-^1945
'
$20,265,022 $15,794,471 $52,093,692 $44,384,8641

profit X——-- 1
No. common shares J—'

•'.v.71' '.4

'1944

'

-

other inc.—

Si

•••-iv.;;

2,545,653 "

-2,082,643

.

$1,062,088 ^ $1,571,927 . *• '$948.07l':
586,092 ■
■ 574,432, •574>432( >
$1.81 , ' "S2.32 ,
^$1.24
"After dividend requirements on preferred shares then outstanding,
tlncludes profit on sale of property and equipment of $78,004 in 1946
and $560,950 in 1945 and- after -deducting 4loss of $389,226 on sale ol
property and equipment in' 1944.—V. 164; p;:3296.;'-•'''.'

in' the., Standard Gas. i &]
■ which

the corresponding
*-»

.

,

"Net

>

9vMos. End. Sept. 30

amounted

7.7%, over
'

Period End, Sept. 30^-

;

Net

i

shares

com.

Earn,

Railways Company,
:

after

Net Income

No.

*

•

and? Its subsidiaries->for. the

of .this - company

1947,
or

Philadelphia & Reading

,..

peerless Cement Corp.—Earnings—

Jan.

V.

Qonversion of pounds sterling was made at $4.03 Va to the pound
a&dc the^ exchange value of- Bolivian currency is- approximated at 42
bolivianos to $1.—V. 163, p. 2997., - 7
:
r

ended

9,683,000

1,136,891

:

charges ;
—— i
: 1,901,119
Federal, ahd' state taxi.—-L-I.
* $39,030--

Philidelphia Electric -Co.—-Weekly; Output—

week

1,657,823

460,415

125,261

7,157,240

* '1945
'.. '1944r
revenues.U.^—J—^ $38,528,933 $34,245,773 $32,144,286
2,325,633 "1,658,46®
- '753,706
710,395

and oper.

fProfit

Railway

of

♦

Co,

of

487,618

; 273,875
'

% Nine Months Ended Sept. 30— :

should be

The investigation came about as result of a petition by. Pittsburgh
Railways bondholders who'charged the Philadelphia Co.-with wasting
;-the. Railways Company's assets and dominating it to the "detriment
of "public* shareholderSi"-4-V, "164^ p.'3418^
* , * "

f

2962.'; ;

p.

162,790

6,712,008

12,160

6,227,055

Pittston Co. (& Subs.)

'

.

.

.

system and is parent, of. the
most 6f the 59vuhderliers.
"

owns

164,

—V.

60,305'

income—.v

oper.

$562,422

208,051

-

4,365,795

railway^—. V

from
ry.

:; 13,933

;«■!

inoome.-— : •

1943

\

$607,247

$387,894

70,006

-From-January 1—
>
from railway——**

Net

"1944

1945

i:.

$447,358

«

Gross

- - *

"

1946

>

:

>

of

limited"

or
..

Nil

railway—a...

from

question of whether the claims of Philadelphia Co."should
....

i

-

railway—.

from

Net

and its 15
and in West

Court of Appenls ruled that the investigation

.

t"652,293

Nil

$0.77

miners—

an,

he'"subordinated
-•securities..

f"931,223

Nil

;

2325,

p.

Net

equitably.

more

;

Pittsburgh & West Virginia Ry.—Earnings

directed Philadelphia

5

607,352 §"1,274,752

tlncludes

November—;

!

of Dec.

1946—9>Mos.—1945
•
$41,287,012

1946—3 Mos.—1945

'

limited to lhe> relation'of Philadelphia Co. with the Railways Company,

-•

f

that
operated profitably/ff
v..'-

be

;;/

$15,932,053 $11,458,827 $37,602,143

;

loss,

"Net

'v. 164,

Pittsburgh .Railways—

on

that

company

rand

before adjustment

.1-

.

i

...

.

'

order

Court

S.

The Circuit

-

fM7expected increase in selling prices of tin retroactive to Jan. 1, 1946,-;
estimated at £37,000 net after taxes,, (equivalent to $149,000V P^s
3jj5€0,000 bolivianos (approximately $83,000).'
»Fpr the first half of 1945 profits after taxes amounted to' £300,202
(equivalent to $1,211,315)
plus 41,727,337 bolivianos (approximately
$903,508), which .included approximately £65,000 (equivalent to $262,000), representing retroactive increases in selling prices of tin ap-'
,

can

\

: i-'

$474,236 shutdown expense during May and
June, 1946, due to coal strike and $811,297 of strike expense for the
period Jan. 21 to Feb. 18, 1946. tlncludes $3,600,000 tax credit and
after $4,564,701 charge for accelerated amortization. § After $4,109,400
tax
credit
and
$4,564,701 charge
for
accelerated amortization.

\

for filing

date

the

in

sales

profit,——,
Earns, per com. share..

after such date of the hearing.
top company in the system, also

into claims of all creditors of the Railways Company.

-

.

properties, of the Northern
165,'p. 112; "
•
' 7;

Period End. Sept. 30— '

-

Appeals at Pittsburgh has rejected a request
investigation now going on in Pittsburgh; under
the direction of Federal District Court,
of the merits of its claimsagainst Pittsburgh Railways Co. be expanded to include an inquiry
U.

Third

by

l^or the six months ended June 30, 1946, the corporation reported an

p^Cgble to the period prior thereto.

i
of

present nor prospective volume

said neither the

Net

days

its security holders

Loses Plea

"

$161,133)

2 authorized this
line runs 145 miles

Jan.

on

said.—V.

ICC

Net

catenated net income after,taxes of £94,364 (equivalent to $380,759),
(approximately

railroad

the;

5,752,003

or

on

indirect subsidiaries-in the Pittsburgh area

among

•power

exchange for Bolivian currency, such settlements being subject

bolivianos

Commission

Commerce

Interstate

to abandon its entire, system.
The main
Wayland Junction, N. Y. to Hyde, Pa;;

The. Commission

.

Virginia to take the necessary steps to eliminate various complexites
in the holding company's corporate structure and to distribute voting

(eoyivalent to $262,000), representing retroactive increases in selling
m^es of tin applicable to the. period- prior thereto;; /;■. ^
'!"•
T^ie relative amounts of income expressed in sterling and Bolivian
cujfenc.Y for the nine months ended-Sept. 30, 1946, the report states,"
aff!ebased upon provisional settlements with the Bolivian Government
o/fthe amount of sterling proceeds of sales deliverable to the govern-;

6,767,590

227,036

203,091

>

traffic is enough to justify the carrier's continued operations.
"The record affords no grotmd upon which to base a conclusion

>

,i$rr $0.85

60-day

a
30

Light' Corp.,

postponemenc.

;direct and 40

Tjie corporation reports for the nine months ended Sept. 30, 1946,
ajv estimated het income, after income taxes, of £198,594 (equivalent
't^$801,327),'plus 31;858,453'bolivianos (approximately $758,534):yYYYY
YFJpr the nine months ended Sept. 30, 1945, net income, after income i
t^K^s, was £418,644 (equivalent to $1,689,229) plus 60,592,363 boliviano£ (approximately $1,442,675), which included approximately £65,000

...

&

Commission's

The

for

additional

an

requested

.7,Ifatino Mines & Enterprises Consolidated, Inc.—Earns.:

by., decree to later revision.

and

Power

i

in

Y

*
1945

Y

$4,330,000

$5,050,000

(est.)

allegations contained

Philadelphia,

of

answers

1946, $1,869,366 in 1945, $2,412,705 in 1944 andb
for Federal income and- excess profits taxes. tOri
162, p. 3079.
•
7 ;
;
V,'
*77.7

in 1943

.

6

the

to

Standard

ven of $1,030,859 in

$1|774,494

•

the hearing, scheduled for jam 21 in the proceedings. >■£.
Dec.
5 order
required the respondents to file

25

answers

parent

charges,

and other

.

-1946

i:

409,997

■■

company

from

5,752,003 Y 5,752,003
$0.88 V:
$0.75

Jan.

on

-

-

$922,222 $1,141,800
; $1.27 YY:
$1.58

.

7" ^YY;yY,'/

Sept. 30—

-

1,354,361

,

192,886

186,763

Income

oper.

165, .p. 112.;

The

f Y; Y;:>777'

days prior to the date of the hearing.
.:.'v^
•
The postponements were im. response to the tequests Of Philadelphia
Co. and certain of its subsidiaries, and Standard Gas & Electric Co.,

:

Subs.)—Earnings—
1945 77 1944
77, 1943 YY/

V '

1946

.

normal

interest,

"After

\

$1.13

Commission's

The

Parmelee Transportation Co. ,(&
I 9tMos. End. Sept. 30—
profit
t^ynings per com. shr.

ry.

406

Pittsburg, Shawmut & Northern RR.—Authorized to •,
.Abandon Entire Line—v C>'•'l:V3-J|:X.

$681,574

■

»Y<,

1,557,095 V : 1,332,593 '.'1,407,018
304,502
270,898 "
251,417

railway

from

Net

—V.

7\Y

1946

31,

shares outstanding

'■I'-

1574.

SEC

Feb.

until

63,585

outstanding—.—

1—
bross from railway

$4,960,307

$9,128,913

.

,

income

oper.

$112,326
'c. 7,959

$119,300
$120,433
$118,771
22,749
23,657 ;. 21,455
16,596 v';
15,388
' > 26,477

■,

From January

Net

' 1946—12 Mos.—1945

charges

■'Y;y')7., 77

1912.:

163, p.

their

YYY

,

postponed until Feb. 10 the date for the filing
of answers by
the respondent companies in the agency's corporate
simplification
proceedings
instituted against Philadelphia Co. and
certain of its subsidiaries.
At the same time the Commssion postponed

429,498

'

.

$608,485

outstanding
per share

The

SEPT.. 30,, 1946

_„L.

—

Sai^s and

ry.

capital

1943

1944

1945

1946

railway..

railway...

if' Pittsburgh Steel Co. (& Subs.)—Earnings—

Service, Inc.—Earnings—

MONTHS

NINE

Net

t$8.55

.

from

from

Philadelphia Co.—SEC Grants Delay to File Replies-

-

J1

Parks Aircraft Sales &

and

profit after chgs. & taxes

Shares

1,408

i-

164, p.

Net

>3,652,442

/

after taxes

income

Earned

234,084

:■

$700,000

9 Mos. End.

2,010,487
1,019,609

1,622,853
1,130,298
284.101
3,305,556
1,855,722
2,138,448
1,375
429,498

932,790
1,157,702
256,809
2,831,079
1,044,500

r

■

'

Gross
Net

.

$5,410,651

$5,081,662

$4,398,756

—-

Cash

November—

1943
$1,282,592

1944
$1,430,468
t$9.54

•Cola,. Co.! (& Subs.) - -Earnings—

1944

,■

1946—Month—1945

Earnings per share on 585,000 common
—-V;

f

t$2.39

.

RESULTS FOR EIGHT MONTHS ENDED AUG.

Net

Yfjy,

ITEMS
1945

SELECTED BALANCE SHEET
1946

}

;

'share-Y '

-

I

^
$159,037
$1.87

$61,019

Y':-S $2.34
share——.
preferred diiidend requirements. • ,;

Sales

644,272

common

per

com.

'

charges and Federal taxes.
tOn 150,000 shares of
fOn 750,000 shares of capital stock,—V. 164, p. 2696.

Period End. Dec. 31—

991
Y

1945 .
$1,356,297
J$1.81

,

—Y $1,790,864

—

per

,1946

'

Pep Boys (Manny, Moe & Jack)—December Sales Up

.

$804,300

Sept. 30—

"After

Stock.

989,000

,

986
- 644,263

$145,256

Y

33,882

,

profit

Earns,

1,763,689

$706,268

$1,005,508

-

dividends

"Net

1,827,182

income
...,:l,725,508
1,471,768
Qt&er deductions
;_u—35,500
P^e^, inc. and excess profits taxes.- 'r 720,000
730,000

mi

Preferred

12 Mos. End.

1944 .
$2,624,601

1945

$2,251,103
1,402,972

———$2,469,965
and dcprec
1,678,240

profit

Neti after

.

1946

Pascal Year Ended Sept. 30—
Gross

Pittsburg & Shawmut RR.- -Earnings—

Pennsylvania Salt Mfg. Co.—Earnings—

Co.—Earnings—

barker Rust Proof

1947

Monday, January 13,

CHRONICLE

THE COMMERCIAL & FINANCIAL

'!■

(Continued on page 253)

;.

.

107,016

$5,810,316

2,471,852

$3,338,4631

j
; /

n

Volume

165

Number 4559

THE COMMERCIAL & FINANCIAL
CHRONICLE
217
i>W'» rn»

Stock Record

New York Stock

coi

Exchange

DAILY RANGE OF PRICES

WEEKLY VOLUME OF TRADING

YEARLY RANGE OF SALE PRICES

FOR EVERY LISTED ISSUE
./-I,■-

LOW AND HIGH SALE PRICES

Saturday

Monday

Jan. 4

Jan. 6

I per share
*84

*100

110

9%

86%

*100-

9%

*47

9%

93/4

48

103/8

*33%

*53

*107

r 107

5%

92%

36 %'

.

:f

107

5%

94

*107

9

471/a

16

56

*54%

343/a
9%

35

-

92%

.

92

<

36

36%

58%

5%
29

45

*96

*92

19

•;
-

-

174

19

;

20%

'

34

34%
/ 101 .=$ 101
36%
37%

94%

*48

/

•

72

39

9%

40

/

71

29%

•77

29%

30

77

14

72

•

Z

14

6%

*133

.

63%

*90 '/a

&

*49%

;v:V

92

50

*23%

/<

155

r

23

£\ *96 %

97%

43%

■:->

187

50%

25%

*155

49%

*20-%

43%

•■46;/

6%,

6%

21%

203/4

20 3/4

23

22%

22%

97%-

43%

:

*96 y8.

44%

43%

95%

43%

-.

3,300

24%. 24%

'.

*10%
5TB

'

-

*16

5%.
6%
113% 115%
22% < 23

:

22%
100

•39

99

40

6%

63A

*48

9

*48

32%
•

106

408

*11

*103

.

2G%
*ii5y8

*13% w 14
"'

115%

26%

v

American

•115% 115%

;

I per share

27%
:

*98

-

101

*14%

'*1234

13%

*36 3 4

38

117%

5%

109

109

.

<;-■ 16

180

353%

,,

4%%
Amer

.56%
168%
36%
*158

.34%
27%

180

35%

22%

*36

57 /1.

57.

169%

36%
-34

35

■34%

:

27%

•;:
"

29

.;" 29

29

*42

44

*142%

*48%

"

<■

29

*41%

146

43

49%

48

22
37

171%;;.;

171%

172%

172/a

172 %

82%;.

81%

81%

81%

813/4

83

83

573/4

58%

154%
58%
♦117/a
i

16%
103 3,4
34

1547/a
58%'.-

122%
17-

*118

86/2
10/a

*66/2

17

.

1033%

39%

10%
70

51

*109

-

no

*49%

17%
*15

50

17 %
17

5

5

37%

38

117%

*86/2

...

<

33

118

17.3/4
106
34

993/4

102

'

88/2

87%

10%

10%
V <• *677/b

39%
50

58

*103%

34%
100

83

157

58

16%

106

34

993/4

86/2"

■:

-■

17/2

*103%
•

100

50/a

120

82%
156

-

34%

*99%

*48

%.<
;r
W 156
157%;-

/■•<

10%
*67%

70

39%

,

40%'

*49%

52

*50%

52

*109

;

17%
*15

17




110
50

17%
16

180

*50 /

"

82%
155

56%
*116%
16%
*104

27%

v

*28

j

*143

50%

227.

105

<

55

117%

16%
323%

98%

99

85%

82

157%

57

1167/a
V

<16%

*104
:

31%
987/a

39%
*49

48%
•109

10%
70

*82%

39%
51

393/4

*48%

12,400

{

35

*155

*144%

,

*51%

172%
81

82%

-81%
155%

157%
563/4

60

\£;;

12% Jan

Y%

Jan

Xl 17%

Nov

Jan

40

Nov

44% Oct

2

63

28

35% NOV

31% Dec 23
8% Sep 24
99% Jan 21

.^—1
par

■

-

Mar

109%

Dec

56/4
10%
68

Doc

5

,

47

Jan

Mar

"5%

Jan

70

Jan

9

•'

May 10
16% Jun
5
•

163

.

15

26

Jan

May 22

108

Jan

119

Nov

IB

7% Jan

28

44% Jan

flep n

14% Dec

Jan

15% Jun

22% Nov 22

Dee

Dec

4

18% Mar 30
118

93/4 Sep
9
11% Mar 12

■

Nov

38% Jan

28 1.

4

Dec

14%

Oct

41%

Dee

128

Nov

37
c

337/8

16%
*104
30

99%

98

85

*82%
1

10%
69

97/a

*66%

40
'

82%

100

;

;

3,500
300

,

16%

20,800

;

106

•

31%
98

.

86%
10%

:

39%

*109

110

100

50

49

49

17%

16%

17%

15

5%

5%

5%

5%

5%

37%

37%

37%

37%

15

5%

37%

*15

5/a

37/a

5%

.

373/4
—-

-

■

Oct

34% Dec

5

160

Jan

8

25% Dec

4

;<

Sep

38% Oct 10
138

Co_

Sep 24
47% Jan
8

100

^593/4 Nov 21

;

25

&

25

73

P

Oct

10

76% Oct

1

;100

Woolen—

1163/4 Sep
102% Sep
29% Jan

100

■

a

18-

No par
1
25

10

;■

Dec
Dee

58/» Feb

41

Aug

Z 50

DM

128% Jan

161

DM

6

158

Apr 10
67% Apr 18

200% Jun
3
99% May 21
100% May 17
174
July 9
78

&
Oil

3

70% Jun

5

100% Dec 30

182 % Jun
105% Nov

-

-

/ 65

116% 8ep
8% Jan

15% Jan

29

99% Jan
9

Jan

190% Mar

90

~5%

Mar

26%

Dec
Nov

31%
140

Dec

iT%

Dee

Dm

Jun

Nov

60 Va Jan

10

81

14

67%

Deo

9

xll4% Mar 21

43% Jan

7

x64% July 11

10

15% Oct

10

20

62% May 28'

Jan

38% Jan
24%

Jan

48

July
38% July

113

109

10% Feb

5

12% Aug
4% Jan

s.

No par

26% MSf $2

ilVt Bee

11

23% Sep

■-

•

49%

Dee

DM
wov

27%May 27.

13% Sep
4
4% Nov 21

24% Feb

5

-

121% Mar
112

49

27

■

Oet
Dee

29%

Sep

~

DM

Dee

60% Jan

Dec

■

*

91%

8

38

-■

90

161%
•9%

6

May

21%

.

•

.

Nov

51% Feb

s.

■

196%

Jan

43% Mar

:■

61% Nov

Jan

< 65/4 Jan
145% Jan

Dec

6

19

Oct 30

Sep

5

30

Dec? 4

41

-

108

Corp

157

May 28

12.50

Co

29% Jan

9

35

Aug

43%

5

64

Dec

164
29

24

Sep

Feb

31

Jun

:

•«% Dec

60% Nov

27% Jan

28 3/a Jun

7

44% Nov
111

17% Jan
22% Jan

110% Feb

87% Dec

31% Nov

May 10
38% July 11

43
*

121

11

Oct

Jam

153

Apr 25
50 Vo Feb
4

30

13% Oct 30

99

41% Apr

6

No par

Paper Co Inc.
-

Sep

No par
No par
,No par

Elec

preferred

Copper Mining

-

150

48% Oct

Corp

aaBsatttaa

'

14

prior preference

W

:

100

Dee

Jan

32
Aug
40% Jan
164% Jan

172

5

24

Dec
Mar

30%

? 17%

Apr 20

50% Feb

154

75

Apr
5
733/4 Jan 29

191

19%

Jan

15% Jan

52

7

No par

Tobacco

Archer-Daniels-Midland

■

Sep 24
45% Sep 10
165

100

preferred

Andes
A

1,700

19

13% Nov
194% Deo
95% Deo

11% Jan
176

Aug 21

108/4 July 12
20
Aug 29
33% Feb
6

275/8 Nov 22

Refining

Anderson, Clayton
Anderson-Prichard

300

Sep

No par

Co

42 3%

33

.

100

No par

$4

1,300

,

19

No par
No par

50

•

2,300

,

95% Feb 26

Anaconda Wire & Cable
Anchor Hock Glass

2,300

16

14

Anaconda Copper
Mining

500

49%

16

25 /

Amer Zinc Lead &
Smelt
$5 prior conv
preferred

17,100 ;
/
130

49%

Conv

:

I

'

—,

Feb

100

Wks

8

Feb

.100

& Teleg

6

23

No par

142% May

2% Jan
60% Jan

14% Dec 19

Nov

19% Deo
39% Nov

54% Jan

22/aJun

186

No par
No par

Preferred

"

48

1st

American

300

4,000

Z5

Water

$6

2,000

.

133% Aug 13
123% Aug

12% Nov 22

Tobacco—
Common class
B_,.
6% preferred
American Viscose
Corp
5%
preferred

100

16,300

2
3

-

Am

,

19

100

American
i

10% Sep
97% Jan

5

? 41

24% Jan
130% Jan

*173% Nov 15
27% Jan
3

Preferred

Sumatra

3

•

July 15
1
Apr 10

88% Jan

100

Steel

Amer Telep

520
;

Highest /
$ per share

Mar

% July

60

__

<31

11% Mar

...->10

non-cum

Sugar

34% Sep

—No par

Mill™.;
preferred

Stove

; Am

5,200

109%

17%

San'y

preferred
Foundries
Stores

J

Jun

—No par
No par

American

2,000

157

48

48%

com

American

900

Year 1945

$ per share

3

Jun

No par
No par

;

conv

American

.,

19,500

81%

38%
>

<

53%

173% ;< j

69

Light

45/4 Mar 21
Va Jun 24

1

Building Co
Smelting & Refg

Amer

800

/'., /

1223/4

17%

&

21% Oct 30

par
100

$ per share

No

Ship

6%

-

600

;

146

;

1,100

■/;;
;

:

/: Lowest

f per share

No

Ltd

Preferred
American Snuff

4,200

:•

42% ■«.;<

55%

32%

Power

Amer

10

/

27%
28

*117

106

Co

<

1,200

158

Range for Previous
•

Range for Year 1946
Lowest4
Highest
par

preferred

Amer

22o

*49

16

19% Nov

Jan

91

May 11
55% Jan
9

No par

American Safety Razor
American Seating Co

8,500
'

109

17%

118

Jan

Dee

96

10

:

DM

9%

20%

11

1

Fdy CO——No

preferred
Rad & Stand

4%%

300;

110

17%

il

Jan

2%

129% May 15 '
44% Apr 15

10

100

American Rolling

4,600
< ' :

169

55

1167/a

$5

Am

<640

36%

<:

$6

A5

630

*49

49%

10

in

Preferred

35%
14%

58%

&

Metals

Amer

180

105%

21%

167

;

51%

49%

r

50

49%
*15

10%
*66

15%

35

.

.

10%
*67

<

,1

,

14%

33%
V
32%
273/4 ■; i-37%
28%
•
28
42 ; -«
41%
146

:

21%

■

172% 172%
81% ; 81%

156%

106

.

42

...

„81%

31%
85

34%

.

37
158

;; 33 %

51%

82%

/

*156

33%

145

10

Sep

No par

6% preferred
American Molasses Co
American News Co

16,300
2,000
2,400
26,200

I

108%
./

*176

f

.

105%
14% :>;/-

59%

171%; 1723/g
81

15

■:*'[*;.

119

108

;

.//

36

118%

V

<

169%

37%

38

Fcr footnotes see
page

/

17/2
*15

5%

40%
51%

*49%

173/4

5%
38

♦109

50

10%
70

52

*50

110

*49%

39%
*49

87%

*142%

S

13%

169%
37

Amer

170

12%

59

36%

136

13%

169

42

Sep
Oct

37% Sep
5% Oct

new

3.90% cum preferred
/ Amer Much & Metals

1,000
3,900

/

1

700

15%

14%

14

31%

600

35%

42

32%
*27

27% Deo

;

10% Jan

'

100
18

.

preferred

Amer Mach

—

13%

35%
583/4

28%

<

14
135

1177/8

,

158

Oot

29/4 Nov

1

4,800

30%

v;

22%

<;

82

84

*156

<

109%

:

26
101%

38

<21%

<

171
84

36 %

25%

13%

15%

14/8
36

6

EXCHANGE
■

38

117%

35%

35%

23% Jun

28% Aug
8 /
14% Jan 29

3%

50

Wn

DM

Jan

'

15

1

preferred

Deo

149

30% Jan

11% Feb

4

Nov

42

156%

10

July 10

Deo

127

18% Jan

90

par

STOCKS
NEW YORK STOCiC

Shares

13%

109%
*176

22%

7%

,

the Week

39

:

M80

.

14%

:

105%

14%

300

Sales for

Jan. 10

*100

31%

<

35%

56%
168%

143
50

13%

V4'

27%
28%

42

13%

105%

*21%

-

134%

•3 *37%

15 %r

33%, 33%
27/4
27/4
28% -29%

49

48

:

;
•:

36%
159

143

134

35%

573,4

42

*142% 144%

Jun

13%

13% Oct 10

10 '

Internat Corp.,
American Invest Co of 111
American Locomotive

11,600

,

.

non-cum

Jan

112% Mar

17% Nov 21
5% Oct 10

>

Jan

67%

-

t

preferred

sAmer
300 ^;

t per share,

26%

>14%

105 5/a
.

168%

*156

27%

27%

36%

167%

158

*176

15

•*35%

37

'158

"

;v 22

117%:''
108

115%

Friday

101%

31%

117%

15%'

•

*100

107%

:

1053/4

143/4

37

•168%
>■

36%
163

1,

•

6%

14

1

/

par

Jan

27

34% Apr 22
32% Jan 28
75

.No par
No par

.

26

37% ."
13%\

13%

180

105

15

56

27

;

t per share

,

13%

*176

105 %v

*36%

i

115%

,;

/

96

Oct
Deo

Jan

110

'

DM

199

v

14% /

37%.

-

13%
117%

116%

<22%/

,.

<v,/.

conv

American Home Products
American Ice

•

100

13%

6%

,•

;:/;:;;.U,800

11%

Jan. 9

31%

38

9V8

:v;

13%
' 26%,

j

116

•,

135
13%:'

13%

107% 108%
15%
16%

22

168%
:

14%
31

*133,

2,100

*103 -110

-

I-IIZ-No

$7 2d preferred A.
$6 preferred
American Hawaiian SS
Co
American Hide &
Leather

;

100
5,200

$7 preferred-

39

Jan

17

112%

183% Jan

1

164% Jun

135

10% Aug
89% Feb

10

Feb

108

40

No

Deo
Jun

23% DM
55% Oct

'

*100/ .101
:

900
500

*ll/a

Thursday

26%

13%

'

56%

26%

15%

109%

15

9

■;

26%; 27%
116

:
,

6% .//;■

V

Inc

Amer & Foreign Power

400 ;.:,?
3,000

;

< 51/4 < ;•'
x33%
34%

,y •

13%

t per share

31%

108%
16%

105

33%

*13
,

J.

101

6%

11%

26%

37%

16%

40% Jan

41% Nov 22
5% Sep

41%
80

Jan

15% Aug
Oct

20

,.

DM
Dec

69%

;

Mar

150

10

Sep

11%

20% Jan

•

72% May 28
132% Mar 20

12
19

;

< 71

Jan

128

100.

prior preferred

28

x41

21

120
Sep
17% Oct

Jan

1

20% Sep 20
97% Dec 10

Distilling "Co stamped

35

11

Dec

21 Va Nov 21

10

Jan

43% May

106% Jan 15
/ 210% Mar 29

104% Sep

No par
10

Deo

23

30 /

No par

Chicle

56%

18

184

100

Deo

Jan

Sep

Oct

100

Inc

Deo

38%

11 Va Feb

X137

42
Nov 22
96% Oct
9

American Encaustic
Tiling
1
Amer European Sees
-No par
American Export Lines

.

4,900

*49

.

1153/4

'

•

*38%';s 39 %

6%

*11%

Jan, 8

<135

% 13%

Cable

preferred

DM

14

79

No par

Colortype Co
American Crystal Sugar

—

.

21%

„

*99

13

26

21

'•

9/8 / 9%;
*103
110

Wednesday

118

37

•,

•

35%,;;. 36%

35%

*36%

15

38

•176

105
105
<■ 14% .•14%
*21

'

•

22%

11%

*115%

Tuesday

117

16 %

*176

v,

27%

30%

conv

Fdy

30%
48%

3%

10

Jan

64% Apr

>

May 16
57/a Oct 30

Deo

104%

<

10

88% Jun

36% Oct 30

Deo
Deo

24%

16

45% Jun

129

1

26%
194

24

30

•

Deo
DM

Dec

'

2

Jan
Jan

27% Aug
20% Jan

53% Jun 11
19% Apr

Deo

42/4
108

102%

July 29

74% Dec

12% Nov 27

—No par
100

preferred

/

Nov 21-

72% Oct

.

100 /
&

•

25% Oct 30

/'

1

Corp

9

57% Nov 22

50

American

14,900

57/a

*112% 115

; ;

50

33 %

;9%
110

13

1155/8

*133

13%; 14%

117%

*9%

13%

50

m

33i/4

*ii/«

;

26%
273/4
*98
101
.

9

•

25

Car

American

,2,200
;

19-

5%

/

•

100

6%

51%

*103

11%

6 per share

13%

*123/4

39

13% V13%

9% t
110

18%

5%

'

/16%

.

31
134%

Co

15%

62% May 31 <
95% Nov
4 <
39% May 27

j

Jan
Jan

13%

30

•Jan

Dm
Jun

74

153 Va Mar

'

37% Nov 22

1'

'—

Radio

non-cum

1,900

6%

•*16

1

39%■'$39%

7-

Jan. 1

15% :

•

•134%

22.

99%

393A

33

,

101

*14%
30%

30%
136

-

*49

26%

28

*98

-

15%

*30%
*133%

■J

27%

99

6%.

115%

\t per share

27 %

5%

99

*38%

.

333/8

Jan. 6

&

Am Chain &

40

'^400

6

•112% 114%

LOW AND HIGH SALE
PRICES

Monday

Jan. 4

19

114%
22'/a

51%

9%

r

19%

$:

213/4

1.

*163

:

6

Z114

32%

& *11
■V/V 13%

7%

-

,

/>

6%
17%
19%

*16

,

6%

27%

Saturday
V

/

<11%

6%

17%

18%

.

99%

.40

*48
-

9%
108

*11 <

*16

22%

63/4

-

i?

-

18% i

21%

99%

33%

6%

6%
115%

51/a

-

32%

U/a
13 <-:<
26/a

13

5%

-

39

9% f mm*9m

.

18%
*113%

.

/

40

6/2

...

51%

3*%

17'/a

99%

£

♦39%

6%

,*16

■

18%

Shoe

39

6%
60%

Jan

22%

633/a May 27

'

6V*

■

;•.

115%

;v 22%
*98

I

r 17%

18%

6

*113

■

r

17%
183/,

171/3

,

6

.

No par

DM

Jan

91

6y8 Oct 10 // 12% Apr 25
Oct 10
75
Apr 25
'
64% Sep 20
91% May 29

Chemical-No par"

preferred

Cable

370

22

Corp

Nov

Jan

,

44

50

Preferred™

2,100

21%

—i—1

Aep

9%
17

2%

28

108

/

91/2 Nov 25
25

Jan

DM

56

/

18

29% Jan

# 30% Nov 22 <

No par

American Can
-

800

:

153

<22

Amer

/•,/ 1,800

108/4

21;

Brake

212% Juu

5V

99%i Nov 25

Cem

DM

84%

,

v

July 30
Aug
1

26

,

30

31 Ve Nov 22

-

DM

Jan

15%

1

28

113

part-29% Sep 19 *

y. 6%
preferred
American Bosch Corp-,.-,^Am

Oct

56

7

61% May 28

«

10

330
://•

154

100

Aug

8% Jan

17% Oct 10

/

No par

6%

61% May 27"
103

10

—No par

;

6

DM

'L

3

p. 18% Dec

3%% cum conv
pfd^—,100
American Bank Note

.

Jan

—.—.—100

Mfg
pfd

Petrol

5%%

■

No

conv

American Airlines

1-/10,900
•
3,500
'

Inc

12 Va Feb

Dec

Nov

122

38% Jan
98% Jan

10

913/4 Oct

—No par

preferred

conv

38

>

,

,

: :,

57s

33/a Oct

81%

Deo

17

DM
Deo

47%
84%
81%

Apr

I

Mar 30

DM

17%
88

13% Mar
32% Jan

22%

/ 29% Oct 10 ; ; 69 % Jan 28
52% Oct ,;'91
82
Jan 28

100
1

Dye

Amer Agricultural

"'*95 :< 9720
43%41%
43%
3,200

43%

:'

29,500

,

115%

* 107/2

•••;'. '

953/i

21

5

Portland

Amerada
.

'..

gtd—

Amalgam Leather Co Inc

'

67/a

152%

21%

Nov

25

3

135

90% Dec 20

/

8

8

/I

A-'

6%

&

Co

cum

Alpha

2,400

957/8

115

223/4.<22% V;

97

'

188%
49%
50 /

,

3/4%

1,200

:^|188%

156

21/2

135

6%
95/4

>

19

5

Stores Corp
preferred _—i

4%

.1,300

45%

*133
,

108%:

153%

Sep

Co

AUis-Chalmers

.

30'2,400
76%
70
14
1,100

14

25

*107%

Mills

6%

9%

44

-

Kid

Allied
:

7:1,100
1,400

/

713/4,

29%

,

115%

,25

107%
155

97%

97 %

-

107%
155

93/8

'.,71%

50%.

*114%

1

,

41

14%

50%

243/a

i;.
>;

22%

'"/•

23%

-

24%

108%

1571%

33 %

180

'r"v.

135

5

Industries Inc
Chemical

100

;;

West Ry

Allied

V:' .V; .7/3,900

*39"%

.

188 a 188%

115%

943/»

45%

,

*133

50 //

115/4

94/2

79

■

10

•/

Allied

.13,900

:

6%
*48-.53

6%» 6%
S-C 94%
95

*

37%

v77%•>/;•:„ *75%

45%

6%
188

.

114%

14%

94

186%

If

51%

*107%

*76

135
-

1003/4

36'A

6%

93A

-

100

•

Allied

H/' : 13,400

100/4

&

Allen

,

^ 2,000

323/4 :.v 33%

30% 'i/l'

46'

6%
92

:

24%

21%

*95%

H

43%

187

107%

23

V

::

158

107%

••

*133

7% X

933/8

114%

21%

23

135

-

77 %

46 r

34y4

33

72

18

114

Jan

20% Feb

21

Oct

common

•

•

Jun

9%

25% Apr

59% Apr

Nov

.,

1,900
1,600
1,300 :

/
'

v

*

<

30%

*14%'; 143/4
s

'

24 %

^♦155

•

*76

.

45%

114%

23%

21%

77%

20

;.H

71%

'

:/'■:/ 6%
z92 m

50 ■/;.

:

.

/

60

1

24% Feb

33

Min

Feb

May 28

68%Jun

104

;

Highest
$ per share

19

41% Jan 28

;

100

preferred

:

Alleg

173 Va

34/4

■<

40/4 '

9%

30'/8

•133

187

114

1083A

155

*20%

72.

29%

143/4

93%

50

24%

*107%

71%

5?"<

7

<

186

/

113//

113

72

173

79%

40/4

,

93/4

31

77%:

135

6%

91%
187

40%. 40%

41/4%

:

Gold

10

8% Dec 30

/ '

No par

19,800

/

19'/a

*19

50
.

;

102

19'/a

33V«
6%

-

79%

30

453/4

135

33
*48

71

'

14%

*44'% -45%
*133

94%

9%

*96

37%
/-/ 94% :, 94%
6%

40

'

20 3/4

36%

79%

%

•

*100

'

9% >10;<;:

VvV

Juneau

Aldens Inc

30

il

Inc

Vicksburg Ry_

.

44%

34% ■?
33% ' '
1003/4

•

4

&

Year 1945

S per share

May 13

19

19

Allegheny Corp
1
4,000
v
t 5%% preferred A.:——^-100
57'-'900 i
$2.50 prior conv preferred-No par :
44%
v
•v 1,800
Alghny Lud Stl Corp
—No par

56'%

<

,

19-

33

-.

37%

53

a

40
;

77

78

/ *13%

v

<;

10

9%

-

72

:

29%

;

102

34%

7y8

78%

38%

9%

187

*48

500

•

323/4

6%

89

38
■

■

Alaska

169
x50

24% Sep

Range for Previous
Lowest

Dec

22

441/2 Jan

35/2

'

19
•

33

94"%

'

'

■

4

'34%

,

57%

451/4

174% 175%

19

34%

36%

'•

36y8
*

203/4

101

31%

55 <•' -?'

•

18%
*33%
32%

7

•

*79

174%
-

34%

*100%

33%

37/s

44%
;i;, *96 >!'

20%
174%

34%

.

94%

*31%
<< *6%

& *19%

•100% 101
37%
383/4
943%
94%

-

./<

28

Nov

10

—

Reduction

'.f''f

8

No par

Corp

Address-Mutigr Corp

4,900

91

30/2 Feb 26
13 ya Oct

Alabama

■

v

1946

$ per share

1053% Oct 29

2.50
1

'* Admiral Corp

•<■ -•.■;

Highest

12

Express

Air

93

-.iv
.

57

45
102

*97

19

33%.

57%

44%

175

;<;;I9\<

33%

*561/4

;

20%

174

19

*33

■;

t

45%
102

*97

19

"

28

.

Co

61Apr

10

9,000
;

■

No par
No par

com

;

t per share

Co

;.,130

53/3

*92V£'

.

93
* / •"

353/4

57%

45

v''

106

51/3

Lowest

Straus

Motors

Adams-Mills

.

2,400

'

29

100

2,500

'/

35s/b

35 y«
105

;

/

;

93A

81

Steel

Adams

'

92

36%"

56%

i

\

102

174
-

Wl

fc.

55

53/8

Acme

-

2,200

35%;.',

3%

35%

,

59%.

*44%

< 107

*106

3%
■

:

:-v35%".-36:\—-

107

283/4 '283%

?

153/4

9%

Laboratories

ACF-Brill

500

55

'

Abbott

3,800

343/4

351/8
10

vY'v*

4^

56

*9%

Range for Year
Par

Abraham

'

8%

151/4

34%

U'- 5% .5%:

29%

■

EXCHANGE

1,400

48

•

36%

107

53/8

*

;;1'.,

STOCK

Shares

83

8%

48

15%

9%

-

1083/4

;; 92%

8%
48 '

34%

v

•;

STOCKS

NEW YORK

105

15%

"

3%

82/2
■>90

48 /a

*55

*28%

94

9

85%
110

■

the Week

,

t per share

,/

;;

363/8

.

29%:,;/

*92'/4

,

8%

Sales for

Jan. 10

153/4

*47

9%

5%;,. W 5%

29%

*100

/

.

33%:/.:

,

.9%

/■/'

104

56

'

30

■a

33%

9%/;

35%

108

5%

*29

*54%

/:•; 91/2

36»/4

85

•100

16

34

33%

9%

I

86

48'/3

16

Friday

J per share

86

9%

*47%

V

56

34%

9%
35%

Jan. 9

$ per share

110

9

48%

163/s

58

Thursday

87%

♦100

15%

*53

86

110

48

15%

.

85%

'■

,■•'/•' ••

Jan. 8

t per share

"

■'

■

Wednesday

Jan. 7

•

J per share

86

Tuesday

/

,

■

8

13% Nov

1% Nov
S0% Oct

:

.

•

.

'

<■

,

,v4;

yyy: ,;•» V;vfc,

i.'

.'•>..

.

+*'• *+■

v»»

.

■

HIGH SALE PRICES
Wednesday

row AND

;

*

132

*158

160

54

55

>101

105

128

*130

133%

130

50%
97%

29%

103%

*24

24%

62%

117

117

V4

/ *115

*25

*24%

27

*11

11% 7

*16%

17%

25

;-;7

7

r-

27%.

6%

6%

67/a

45%

45%

44%

45%

20%

20%

21%

15

15%

15

21%

2iy8

13%

13%

28'A

66%

67

.68 'A

115%

v

35

17%
27%

.44%.

.

25%

*51

55%:;

25

25%

53'A

23%

23%

23%

233%

18%

187/a

18%

23

22

22%

63

,

*105

18®'a

37

,

16%

*108 i

17%

106

103

33%

*32

*57%.
*35%

36

*110

49

A

'••••

5%

>

12%

12%
14%

15

34%

34%

27%

27%

58%

58%

'

•

27

107

27

%

*100%

A
,

36 AV;

*35%

A

103

46 34 -v,

5

75

*28%

29%

♦98

76

12%

101

22

23

35%

35%

18%

97%

97%

4

4

97%

75

*89%
95%

15 J

7 Va

*6%

AAvA>. 7:<

22%

•

•;• :

79

.M,A 79

*86

89

*86
.

.

22%

17%

5%

•<■*5%
17%.

*103

*103

*24

25

•.'•

•.

24

7%

•

.

7

-

105

si

*102%

.-

25% V; 4.;.,. 24%

25

99

•

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;aa
:

•:

>91

_

AA;
89.7/:..
109;

:

.6%

*86

■

7..;,;-5

!

,7-4

Buffalo

•:
*

•

Terminal i

A A;
'

-110%- Mar 18
38 Va Apr

6%

preferred

Butler

Bros

Butte

<

3,400

c:

<7

1,800

'

61

Copper

Byers Co
'

.

•

A130 k Feb

2

22 Vs Jun

14
25

45% Feb

2

7;

108% Mar 28

11
59% May 29

•'

46% Jun

T

26% July 22

•

A III

102% Aug 16

(A

M)-ii—i.AA

...

7,

15% Nov

A

95 *. Nov

59 V* Mar

May 31

98

Alio 1 May 15

100
1 .5
No par

14%

A/

3%

May 28

Saturday

:

Monday,.
Jan. 6 7 /

;

Jan. 4

# per share

'

-

f

Jan. 9 375

Jan. 8

Jan- %

.V; t per share > A 7,1 per

I per share <

$ per share

7^

Wednesday

Tuesdayv.. ;>

.<>,

share

-

Friday
Jan. 10,'A;i
I per share
.v.

:"77' •:"y:'.:i:

Sales for

the Week
Shares

.

'•'•"•

•

.

;

*

-

■

:
-

,

•

^
1

V

'

'

-

•

V*

28%

*55

56%

3%

3%

8

,7 4

8

26%

26%

'

14%

14%

121

♦120

Va

*23%

-

-

'

•

*46 Va

24

?. 24

'"*57% 7 59
14%
*13%
'

'

56%

*54%

129

*127

38%

38%

*47-;
157/a
*36%

-

51

>•'
'

<

'••

<56 ?
3%

27-

3%

: 77/a

27 -;•'•■"• 7

■

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15 y8'

,

y:::

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24

143i

*54%

123%

48

50

15%

16%. '

36ya

37%

For footnotes see page

227.




12%
-■

14%

39

38%
1"
.

A

-

.

-

48,

*23%

''

54% ! 54% "
*127'% 127% '

39

37

59
L

128 V*

15%

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13%

58%

46%

A.

24

*13%

56%

*127%

*46%

23%
12%

47%

48"

-

*57%
137/a
54

•

38%

.

•••'-

-

,

60% v :

-

•<

*13%

54%

*53

126%

x38%

49

--

38%
...

-

4

-

126

39%

37%

12%

*58

48.....

-48

'•

A

24%

.

.

:'

.59/:
'13%

54%

13%'
54

"•

-

r

38%

V

38%

Zinc-Lead

Calumet &

50'7

Canada Dry Ginger

.

27% Dec 2 3
63 * Oct

2

3
Sep V 3
6% Oct
9
20% Oct 10 ,
7 12% Nov 22 '

A—1'7A; .'

_i

Hecla Con? Copper—5

A

Campbell W & C Fdy—i__No par.

•

130

i

Ale Inc..1.66% :

1,400

•-•-•*

•«

:

'

.:

■A.
*

•7

v.

130
430

-

500
2,800

"

1,400

Co

•

43

100

Mills

Carolina

Clinch & Ohio Ry_i

Carolina

•

2,800

113' Nov 21/

No par
Ry

.

.

i_—
-i__'__No par
Capital Admini?tratjon class A_il :
$3 preferred A
i.i
;Lio
Cannon

200
100

■

Southern

Canadian Breweries Ltd——No par'
Canadian Pacific Ry
25

:

<•' 17,800
i

$4.25 preferred,

Canada

180

16

38%

Callahan

••

2,500

8,800

46 Va

15%

No par ;

p% preferred —;

'

126

46 %

43

38%

13

58%'

*13%

38%

39

38%

24%

126

128

16%

12%
.*57%

3,900

-

Caiifornia Packing

i

»" 2,500

*

? 48

*53

■/A'

/"A

7%

123%

•

7;A *23%

13

-3%

15Va

*121

A .y- 48

'

10

27

A 26
■Ay 15.

27%

15%

38%

'7 :A7%

123%

4714

13%

xl26%
*47

.*

:

4:".15%

*23%

-24%

Va

38 4

.

3% ".

'

5,300

56

-

54%

■

29

77 28%
7::*54

29%

3% ?-3%
7%

7%

•7? 15
•1*121

46 % 4-

13

•

2 7%

27%

.

•

•

4-,V

8

'

54%

3%

15%

15'

*121

121'%

121

-

.-■••28%

28%.
55

*53

•

8

14%

'

*57%

*48

.

3%

28%

>

'

15%
121

•

7Vs

'
27 A

*13%

38%

*54

3 %": A-

8

13%
59 A A

13

i3y8

13

14%

..121

48

*46

55AAV ■'
7

29

28%

4 28%

•7 ; *54
A
3%

8Va

26%

28Va

Power

Carpenter
Carrier

Steel

& Light

Corp

Preferred 4%

Co

Co—
_•

series

,100

100
__5
_io
_50

Oct

9

24
Dec 18 7
11% Oct 10 51% Nov 22

12yaOct 30
Oct 10
112
Sep 723
38 >Ai Dec 28
39
Sep 11
13% Nov 22 4
60

34 V\ Nov 25

•:■■■■

1946. A

•

Jan

v

Aug

Deo

"

Dec

28

161%

Feb

Nov,

39

;22%Mfir

Range for

A<

Highest

0.

t per

$per share
.
!

Far j

;«

r

-

Range for
;Lowest

Year

.

28

Noy

Oct

m
7%

Jan

87

112% July 11

? 40

<

27% Deo

r

A

15

9% Jan 6
35% Feb 18

81

'

Jan

105% July

£

'.,• STOCKS
NEW YORK STOCK
EXCHANGE ;

;V,:'V'..;.

^
Thursday \

Deo

7V4 Mar
77% Aug

.

'•*

SALE PRICES

LOW AND HIGH

20%

13% Jan

39% May 28

_^_No par /

Byrop Jackson Co—

<

'

13

15% Jan 29
Apr
4

21% Jun
100

Participatingpreferred.——il00:

80

Mar 22

.

119% May 27

—i_lO

Zinc-i.i..

23

25% May 31

99 7 Jun

-i._A—j.lQ0

common

preferred

4'/2%

50
r

102%

<

;Bush Term Bldg 7%- preferred—100

1,600

C

17%

7

Apr 22

45% May 28

^

;l

_ii__i._i

Apr A3

115

•

•Bush

1

May

70

•

L_1

Co_i._i._-V.

10

24%

"

7 - 38%

..

2,000

-

109

*5%

:

No par

20

7

89

A

t

1 4%
preferred
TOO A
3%% conv 2nd preferred
^^100
3% %
preferred •—^^._i_——100
Burroughs Adding Mach—No par

A

81"

9

16
53% Jan 28
42% Jun
3
20% Feb

Burlington Mills Corp com—

1,700

,

9

Dec

95

Niag El Corp $3.60 pfd—-100 /
Co
i__-j_j.__ii_.No. par A
Bulova Watch Co Inc—
5

11,206

22%

A 34% Jan

Co- common—-No paf7

Forge

8

.

Aug 12

11% Jan 23
35% Dec 31

Bullard

.

10

.6% 4

A

5% .7
A
18% 4- A
16%
38%
: 7:18%
100 Va
102% 102%
103%
24%
24%. 4 ;A' 25 ,y. 25- 444 ;

•

150

95

••'

61% Jun

107%

•

Buff

1,800

•■■■

22%

*108 4

>4

5% A

5 Va

i

93%

*78

23 4>;<; •;•:■.

7*108

1C9

*93%

•••.'.

.

—No par

Co.

9

48%. May 13
57% Apr 22

Roller. Bearing

Brass

-Apr 30

69% July

,

(assented)_-l6o

Maine RR

9

73i% Jan

112

(The)

400

14%

A

.;•

/A; 14%

79

V.
22%

99

A *97%

,,

_15:

10
10

v-Mar 26

35

A

$5 preferred __i--„i___.__No par;

'

'3

A

A Budd

14,900

18%

: 66 Vi May

A

-L-A—:

Jun

,

18% Aoig 21

?

Co__—AAs" I
preferred1 —4^—
liip.;

400

7

•

A

58

v

A Bucyrus-Erle

7i

71,600

7

79
1

28%
100 Va

30% Feb 16
33% Jun 10

A

(The)

May 31

46

$3.60 preferred 0^000jLNo"par r-

320

18% 4

14% :15%74

*86

;

17,200
.

.,

v..

95

87%
23

v;

•Ay,, 22 A A 22 AAA
34% ;
33%

.

.

Al; -

94

•'

15 •=■ 7 A 77:

A;Ay: 23
.A ?<■: *108 ' A
5%,7 ,4V/ *5 77
714 18
18%

*3.03

*97%

■A -7%:.7;V'.L:,7.yv

87%

£.. 109

"'•.;! 5%

..;

v,

,'4

19

" ..*93%

94

y, ," *79

-

18%

98%
95

,14%
V/a

23%;;
.34%-

44.434%

19% 7/

*93
:• •

.

-

23 V

.23 ;

18

25

A

'

-A;

90

*108

•; 105 lb;l:;

A

23%

22; A-

>90%

"

.

35

*97%

A7,

81

44

:

•

,

y

15

*86

18%

.4%

105

i

95

'*79

.

23%
109

98

7%; 77

:

:

7

94

•

29 Va

19%. 4 4-7 18%-

*93%
7 14%

A-;

-

A 90

*108

108

17%

<■

,

7%
79

'

23

108%
*5% V. 5Va

22%

7;

75%

4,300

•

VA

75

83 '/a Apr 10

commpn-'——A-i

Bruns-Balke-Collender

800

I-

12%

,

31% July 11
168 2 Mar 22

At -' 7%

K

123%

12'%
A;. 12%. 13 A ;•;•• :
<474%.. 7 74% -v. 777?7.4%:;
28%
7 A 29% v 29%' A
10Q
100% 100% y

52% May 10
114% July 31

3%%

;

17%

v

*122%

123%.;?'

*122 Va

22

35%

16%

17

14
112% Aug
6

2.50
preferred A—Li
—_100
Brooklyn fJnion Gas_„_No par
Browri Shoe Co Inc corn
_15

•

17%;

8

Jan

36 % May

Briggs Manufacturing—No par
Briggs & Stratton—
;
No par

1,400

.

Jan

Bristol-Myers Co common—

r 20°

.

•' 102%

■

"Apr

58

Co—No par

Corp_^_j,7^/
3Va % cum preferred A—J

•

17

37

112

A—_.A——No par

B

Co

Bridgeport

A - 280

25

35% Jan 28

,Co new
5
Airways Inc—__2.50
Brewing Corp.of America!._-_15 -

8,100

Jun

28% May 13

Braniff

4,600

3.6

*102

142

100

't 1,100

8

Mar

30% Apr 25
43
Jan 15

L„5

ii,46o

27%

-

36

.

16%

34%

22%

*90

'

*77

■

Class

Bower

s

May 23

-

110
.

Borg-Warner

t

55%
106%

27

37 .'}:i
\' 102%:
-*25:.25%^
*36%

100%

*99

A

500

4

24% Nov
73

118% July 18

'

75,100

.

May 23
3°% Feb 18

31

Aluminum &

Borden

,

12

May 16

57

(E W)

Bond Stores Inc

r

100

28

7./55%
106%

*102

1234

*28%

•

35

A

95%

14%

'

123%

75

..;••

.

99

'

97%

14%

/- .'.4

29

97%

95

v

75%

,

28%
99

187V

93

v

17 3s
<4
16%
.16%
*122%
*122%; 123% >.
13
C i.AA 12%
12%

'

27%

;

.

16%

tA

j

:35%

34%

:

35%
28

56% 7 57
*106% 107%
27%' 27%A

25%

<■:

*94

35%

27%:
.

103

*101

A

"

"

i'

<

5,500

„*9§ 7 V 98
15%
15%

41% Jun

CoLC-.—

400 a; Boston &

*s4r
loo
:
15% "*15%

.

A

.11,000

12

;

64% Aug 14

Brass./
—5
Bon!- Am/ Co class1 At.—-—No paf;

2,700

35%

.'11%

68% Jun Ml

BoeIngCAirplane.>CoL-'-AA-/i---./C5''•

180

:

May 24

30

-JVo par
C-l

A—

& Decker Mfg

Bohn

20

7

;

A

5,300

»-•

38% Jan 30
30% Jan 16

CoCiC—-AAA-A-No bar
Co-C—
J
L-l
$2.25 conv preferred—.:—No par
A Bliss & Laughlin Inc.2.50
Bloomingdale Brothers
LNo par

300

118

35%

35%
•

37

25%

7

*89

C a!

:

t

/

:35*/a

29

*36

25%

25%"

94 y4

14%

103

•*5

'

106%

27%

27%;; t:;:
36%

19ya

18%

V.

107%

*301

35%

18

106%

36%

AA

23

2

/. 47% Jan 28

'

800

'

57%

56%.

A

27%

Av
%

23

83 Va Feb

.V-

preferredi————JOO

Bliss

.

600

,

,

28

273/4

59;

*106%

•

:d

35%

V

Jan

10% ^an>

9 <4 32% Aug 14
;
Feb 16

:41< Qct 3Q

;;

18%

6»/e Nov 22

A'Blaw-ffnox

4,600

67
-30% ?
48
48'/2 $4<
,45% - 47%
*98 i -100% A.

■•

35%
12 A

1JL %

.

.

273A

*56%'

76%

A

15% Oct
.

BigelowVsanford .Carp Izul.—No par
Black

5,700

f

30%

,

45%".

35%

-

13%

*99

Nov 22.

18

..

Jan

113/

23% July 23
37% Jan 29

r

preferred——

&

7%

■■i

A

700

54%

•

*114

'!

48%"

"

<4*28% A 29

100

47%

*94 A'-.. 100
: 100 ,'"t
15%:
At A; 15%
15%
15%
35
34%
35%
34%

271/4

17%

.

,

'

123%

A •;A

*73%

18

10% Nov. 21
16% Sep 19

Jan A

60

3

Foods--—^—1 C
/ Bethlehem Steel' (DeU/C——No par:

500
.

20

54%

.

*94

58

12%.

12%

Sep

25
•

,

Sep
Apr

110

18

Best

700

A

c,

18%

19%;
»,

'

*98. A' 100%
53a
*4%

.

35%:-

11%

'."•

28 .' A

17

*•

123 Va

12%

5 Va

.

.

35%

35%.

A *122

17%

*16%
*122

.

30% July

40% Aug 13
-25% Jun 10

.

Co—-A—-——,—107
-——100

Howell,

4% %

Best

;

■7

7,600

.67 ,V'c

32

<<>.45

•.* 100% ;>

,*98

5%
36% '
12%

58

,

?4% Dep-

.14% Jan

4 Jun

y 135

'J„.
^5
/ Beneficial Indus*. Loan_——-No par
i
V Cum pfd $3.25 sef of 1946-No ^

100

22%
'45/<M&v .44
16 -4
16% .V"J
*35
37"% ( >

65%

t A-

i,

:il$

*114 '

116

31%

48%

38

*19%"" 20%"
*54%
55%

55%

65%

:■

45%

•

26%

*25%

<?•:

47%

*106% IO71/2
.27% 1 27%.
*35%
36%
*101
- 103 ' ;A
25%
25%

■

*105%

67

;

'

341/2
■

Nov 22

114

Bendix Aviation—a

1,300

-

.22%

-

16%

*35

37%
21

Bell &

'

v

116-

.

■••-•;

27%

p

>A:

"

.16%.

16%

.

Bell

AA-:

Corp

Aircraft

i

<-

800

4,200

57%
35%

•17%

*54%

.-

114

.

* 65 ■-

•«

M. *94 •. 110 a;
14%
15J/4

100

*95

>1923%
:45 I

20%

V

A

J/a

18%

*35/ >

v

55

55 T *
114

r

21%

.

35%

16%

.

32

*5%

A 12

-••

171%
38

' t

31%

*35 ir

36

36%

.

A 45

20%

:•

.58%

*35%

18%

A

49%

*98

; 100%

*5%
*35

7

33y4 Feb

V7iy4

97% Jan

X53%. Nov 22

preferred——400

4% %'

Belding-Heminwaj'—1

72,400
>

l

*57%

23%

A

46%
100%

46

v.-

Jan

Deo

113% Nov
120
Dec

48% Jan

.

2 ft 110
May 13
10 •, 34% Apr 17

r25
pfd—-—-—100

cum conv

Beck ;Shoe

: 2,800

i

:

146

5?

36V2

*35

*

^-^48%-

;

44%: 45%
*98

A

•

31%

31

*48%

?-

•

•

%

Dec

Beech Aircraft Corp——1——*-1*
Beech Creek RR——_;
50
V Beech-Nut Packing Co—-i——-205

10

>

58%.

'58%

-•

4534

*16%

~

Nov 27

i00

>

-700

1

:32 '
24%

146„••

23 Va

*34

.V.

105

Beatrice Foods Co——

90

7,000

93

0

<

?,1

n'Vf

65 --A

v

20

Jun

51% May 28*
130 Va Jun - 3

No par k

Inc new

Cigars

-AA 3%%

110

270

102

23%

;

1477

147

0: *44%

46

38

112

-

*63%

r

•

46

23%

46

22%
*54 '
551/2
*112 A 114 A 65 V<. 65 A A
'31 J%
31%:

54

:

'•

24

191/2*
241/2

.21%

•

77

•

i

1,900

;

91%

-18%;
A 22%

*35%

21%

54

■

90%

93

92 3/8

'

,31%

}

19%

A

21%
"

24%

35%

17
'

24%

18%

(V"

38%

*15%
*35

7

13% ftlar.

49% May - 9
94
May 24

.

..

-

300

77

-

37%
28 %

28%
*100
>

35%

,

yC- 451/a17 i

-iV.

Nov -,

139%
V 52%

Jan

101

25

Jun

'83

24

Nov 26

'•22% Oct

HYa%

Bavuk

2,100
-

»

106 --a:

,36

100 %

100%

58%

i9»/4

23%
46

*44%

..

36% ; 371/4
28 Va
28 Ve

At

iv'.>

147

23%

19%

19

23%

,:'.C

36 "■ •,: 36

7
;

5a%
108% 108%

.32%,

58%

A

105

*103%

25%

147

58 J/4

A

*58

/ »

58%-

Dec

•31

10
-10
preferred—50
Barnsdall Oil Cq—5
Bath Iron Works Corp—--——I

V

1,600

.:

*104

32 Va

91%

-•

.

33

A"

25

'

.

23; A:

•:'.

A

103

33

a;

33/
93

19

.76%

:

29 % May 28

<

"

.

:

18

18

28%

28%
*100

•

147 J/4' 147 J/4

147%

16%
.

37%

37

<;

28 %

91%

92

91%

147%

"38

Sep

113 ?

May 31

425

10

68

,i——100

•

\t 5,200

,

.

16%..

23%

*103%- 105

25% "26 J/4

25%

25%

37

•

;

'

18

.

108
11
li% : >'•'
*36%
39
*116,;. 126
i
,16%; ,16%
;, "16%
17% .'••■>
22V*
22V* /•> ■

126

16%

163/4
231/4

103

33

...

5

125 </•;

.17%

•

105

*100

;

A-

16%;

28 J%

27% 1 28

:. 37:

*116:

?•;

37

*35
*116

24%

37%

37%

'

'37%
*100

11%

11%

A

ft:

18%

*103

105

*103

.7

Oct

Oct

Barker Brothers.——_—;

.

~200

22.%-. >r

\

*58

1,900

*105%

,

11%

vll%

A

'

17%
23%

24%

*22

,

109

*105P/4

<•'16%

17%
*23%

•

108%
10534

11%

*16%

61%;

*60

*

108%

37

V

100
—50

preferred
1
Aroostook—A—t

4%

Bangor &

j

3,600
,;

v

.

23
18%

18%

22%

105

V-

125

*115 J/2

.

•

:av 22 C;v

54

,

22%

18%

t-

*35

123

23%

»

11%

•

11%

11%
*35

i/AliT'ANov-i

Jan
' Mar

-100

Ohio—-.

&

VAC Conv 5% preferred-^.V Barber Asphalt Corp

140

i

23%

23
54

1,100
A

'*«,

•.;

,53%

53
.

•54t.'-:

-•

23%
18%

?

62

*60 A

*53%

a

106

*105

*113

7

7-

AA

64

-

,

25

%

108

Jan

45

-13

Locomotive;Work?

t> Baltimore

5,400 A,

,l .i

13 %

13 y8
64 '

54% i"

•'■;

24%

54

*53%

V

'7 54%

,

60%

e

108 %

106

.v

60%

*

:

-

109%

"A

/
f

111

;;;-26%,Dec 31 A

conv.preferred——i 100;

/Baldwin

7,700
18,000

21%

20%

13%.
64 :

55

23

Dec

May 29

45

par

$2,25convpreferr^d—-No par

1,600

.

14%

21%

66

A

*64

22%

22%
*60

*108%

A

A13%

13%

y

18%

18%

Nov

•:.'• 10% Peo

Aug 12

10

."

•

21
.14%

20'/a

A

15

--21%

A

22%

;
2J%!
•'c 13.^

25%

-

:

23 a '8

21

1434

55%

54

23%

203/a

-

15%

14%

A

;

:

21%

20%

53 J%

*25

?

58

.12L

;. 1,900

:

;

Ja»

148

5

13

'3,600 A? Autocar- -Co——---5c.
/ Automatic Canteen Co of Amer—5
Aviation Corp of Dei (The)
—37
28,000

:c

6% ;'A■; 6% A'
44% v
43%

44%

.

27'%

M-'M

Nov
.

,

30

1,200

•■

6%

7,74.6%

6%

44%

;

.

108

11

100 i- Oct

,

^tlas Tack Corp/^—No par
Austin Nichols—•_—1"
,_No par
1,100 A; t'Conv'prior • pfd .t$l,20)A—No par

;

Jan

59%

y

.

.7 *29%

Dec

,7 78

—„————rNo par

Atlas "Powder

A 4%;

,•

200

;

26%

'23

'

24%

'

440
'

NOV

t Li.A.v.M r..:

•3

15%

65

2,800

V-'A.IO

17%

17 %

"

17%-

6%

43.%

65
54%

:

55

i?V

10%

10%

A:;; 27%:
24%.'. i:A24%.

17%

24%

s

*25 J/4

:

66

.

*53

•

27%

/ 27

:

7.7:510%; 711%

27%

117

11%

.1.0

Novf

46 V2 oep

seriostp——-f00

:3.6Q%; "preferred
.;!• Atlas .'.Corp.—

7"

60

61%

60%

-

*64'

440
-

J
'/""V

23%

233'9
>

*115%

M7

,

.

li/

6%

'

'

"8,000
•

.

125 "

1
5% non-cum preferred——.—100
Atlantic Refining J_i.———
*25
4% -conv pref series A—100

1

>

/Ct iv)
Nov 21

Aug
9
.• 32% Jun
14
153
May 21
30

Deo

127%

—

500

109 A;%
102% r,

102%

36% May 28

2d

Atlantic Coast Line RR—1—No
Ati G & W I SS Lines.,—-——

c4

800

lt

li

<

141

< f

106% Nov

Feb 18

112%

'

•2,200

36%

r

,108

115%

*24

y

27 7

A *10%

44%

•

7

29

28%

.

*66

117
:

6%

21% •; "23 <

13%

*24

43%

21%

*13%

25

24%.

*

.

y.iH 17%
7 7 ">7- 27

17%

27'

A;

25

'A y 25

61%

•;•'

*16%

27%

66

*115 V4

7

.

*10% .11% A

A
•■:

28 W- .*28%

•

27 %

>7

*24

50%

A

3,500

7

May 31

65

11
27

124% Dec

-

900

.

': :.A

117

*115%

.

!

17%

"

27

25

-

27%

*16%

24.%
r, 62

62

.10% -11%

7-

27%.

*26%

>.

49 %

*50.

37%
A A 36% : 37 :,7
36%
111% 111%-.. ,109%. 110
*102% 104 A.. ' 7 103 <; 103 7
23%
23%
24
23%
yAA
i
61% 761%
62

103%

24

62%

50%

50%

66

<

:

:

r

•

5,100

15%

•;,

15%

7;,:7

A

15;

,,..15 %

AAA

37

103%

103%

106

106

106

15%

281

.7

•

112/

112

'

95
106

7

16 7

A

Mar A;
42% July ;

I per share

4

Apr ib

7% Feb 16
12% Jan 28
740% May
18 '

147
58

29

Jan

7

22% Feb

16

21% May 29

59% May 21
137 "

May 23

39% Dec

)£

Sep
Jun

17

34
60

30
Feb
4
Jan

Deo

>/

.1%

:

ey4
20

>

Apr
Mar

113%

Feb

47

10%

Jan

48%

56 i Apr
;?4
Dec
7
9% Nov
32% Nov

.

128%

Deo
Deo

56

Jan

7 20%

7

Deo

Jan

72

Ml

Jan

v21

Dec

52

Mar

56

116% Jan

135

A Oct
i
Nov

31.

61% Jun

43

Jan

7 52%

.25% Dec 12
i:73% Apr 22

.

0 S per share

7 27%
A

July 30

May 29

Previous

Year 1915 ' A;7A!;
v: Highest -

Lowest .:

share

47% Apr
58

,

32

7 Mar

21

7 Jan

V-h'.-'A

fill

$ per share

-111

25

Jun

Nov

A 12
.1;
17

preferred.,.—_-_^_y^_'100
Assoc Investment'- Co—_-7—No par
Atch Topeka & Santa -Fe__
100
5%
preferred—100
A T F Inc_
——10

50Va

•

Jan

102% Mar

July 18

?

172

18% Dec

preferred—^^-v^——100

1st

7%

94

G"/e

y

7 130

•-*45%

50%

c

128 %

220

96 -

95%

,1,200

139

42% Sep

.

102

Corp—_—5
Artloom
Corp__—„—,„wM.Q mL
Associated Dry Goods new—_——l

,'J. 8,500

50%

*45%

110 A

•

68

36%

'

:

24

;

A

28

*61

68

24

•

63

63

28

37%

*102%

*102

131 %:

129

'

125

A

Arnold Constable

15 V8
14 7/8
16% CI 7%

ft

15%

50 Va,

%

111

•

128

50%
95%

15%

50%

29

' 367/a

v

127%

*130

*105%

106

15%.

52

A" 110

*126%

95

98 %

*

106

15%

*60

68%

110

*115%

98%

-"♦28%

36 V8

36%

17%

i

*45%

50%

96%

106

51

50%

27%

>130
*45%"

131

*.130

131"-.

*18

18%

% 15%

17%
;

100

200

•

•

6%

18% May 28

9
Sep-11
Oct 10

.10% Sep
112

preferred_/__/Vo pur
preferred—100

Armstrong?Cork Co_^..;t-A-—No pur
$3.75 preferred—par

2,200

105

, *. ; ,
• A; ParIllinois—1-5

prior

Highest

Lowest ■'

$ per share

$ per share

share

.

'7/.:••'!•

1945.

Year

;

Highest

Lowest

pep

V

1046

Range for Year
'*

AA/g

v j

Co of

$6 conv
Wo

60

*

'

18%

18%

""

•.

128

127%

128

126%

50 '/a

15 %

50%

110

V

*18

„/

53%

•

*15%

17%

130

106

15%

*60

15

17%

*45%.
96%

*

106

15

15

17%

19%

*100

105

*101

18%

16

17

18

*126%

97%

,

15%

128

1277/s

106

*18%

161

52%

•

v

>

Armour &

*\

500

130

158 %

53%

*52%

t

105

*101

130

>160
.

.

.1a

Shares

1-li
|a#
i

Range for Previous

f,

STOCKS

wtnewyork stock
;tA:.;VA-/.,;/;</■ EXCHANGE f J00-0%

:! 52.800

;

14%';

13%

>128

53%-'54

15 %

17%

18 %

*45%

'

19%

15

15 %

18

54

*18%

19

19

*14%

*159

'

the Week

■*:

$ per share

14%

14%

130
? 161

130

160

104

104

*102%

130

160

53%

54

*53%

130

104

*158
-

14%'; l'4%

Sales for

Friday

•

Jan. 10

V

| per share

I per share

160

130

128 %

-

t

-.-.A Jan. 9 y

Jan. 8

.

-

14%

14%

14%

13%

13%

13%

*123

>/

$ per share

$ per share

I per share

Thursday

.

Jan. 7

Jan. G

Jan. 4

J

Tuesday

Monday

Saturday

,/A r:-v7vA

V

Monday, January 13, 1947

FINANCIAL CHRONICLE

-A'v; 7 A-

'

'

;

STOCK RECORD

NEW YORK

;

; A;

A

-y-

<>00

i

/,,/

Ai.V..v

-

COMMERCIAL &

THE

>a",1';' -'-.'-v,-!;.v;V:-• A

:

v

••:? J.;,v

■

Nov

i'

49"

v

33% Nov

Dec

THE COMMERCIAL & FINANCIAL CHRONICLE

yolume 165 rNnmbef '4559

219

NEW YORK STOCK RECORD
LOW AND

Saturday
•>Jan. 4 ;':v

,

$ per share

W*7

'

4:. £

Monday

A

'fi&i $

■?'■

v

HIGH

■> Tuesday

:4; ;4;Jan- 7>>'
$ per

per share*

SAtE

PRICES

Wednesday
Jan-8

.

i

;

.

'

:

,

STOCKS

;

Sales for;r

Thursday
:
Friday ;,
Jan. 9
4.,"'.':.v;..ian,-T0

V $

share< per share.v

V

,

;> $

share

per

the Week

Range for Previous

STOCK

•/>.t,'.-v Range for Year 1946 ?

EXCHANGE

Shares

share

per

NEW YOEK

.

V-

Lowest

"

*35

,'.v\''r;';7. :'i: 7%"

7>A

Lewest

$ per share

30

10% Jan

.

22

2

55

Jun

Highest

per share

S per share

Jan

8

V

.

,

,

v

-

,

,

.

1,
22

81 Ve May 27 ?
23% Sep 26L<
,109'A Jan 14.

22

19

29 V ; 161%;Jan
3
38'/aJun
23
29

Jan

71

Jun

108

10

'«" 17% Apr

ID

;;

20

r

18 %

151

,

.

■

Jan

4 V*

.

'

.

,,

.

'

Jan

11% Dee

.

;T02% July 31'
ID ;.
237/a Jan 17
22.
42'/a Feb 18
3

~

■

~

'

.

.

? 25% -",25'A

•'

*110%

•

25%

111 ' r?

*15%

-

*110%

16%

25%

26 v.-

110%

111

.//16'A
-"'24

24

16

16%

25%

•

110%

*109%. Ill>

•

...

"16%; 16%.

16

-.

;.•

25%

25%

3

T

..

16%

16%,;

OS

OR

^ 53%

*6%
? 11 •• •

^P;:,63%^

OR'

-

«,oa

.

p:;>24% •; 25.

?

»•

'ok

<

11%

8'/a

9

8%

7>/8

•

•

8%

..

7%
13%

14%

;>r.''9%' 10
Z?Z*3%.Y6% f •>'4: *5% ,v> 6
^"12^, 12%- •
13%;

"9V4
;;57/a

9%

448%.

4 578

4*5%

W35%
35%
■'i 20% .20%

35

.

12%

x;;:',36.;>>6%;
;'4' 20

;

;;

>45%

24%:

-*34%v:'55%

--f

46%

24%

*54%

'•>•/*> i*%' -i**#
/

*15%

7%,:

"7%

23%

46%

46%:4

48%4-47-rP4; >'45%', 46%
23%

22 %;' .22%

1,400

55%

100

*54%;

55

4" 15

*15%

16%

*15%

6%

6%

,46%

444

29%

x
25%

108 H

';*r -29Va 29%
:4f*107% 110

108

-

«

92%

'

'

*25% >'25%
•Y<"t45Zv*45'Y'

:v"-

*40

42

89%

'/a 4

4'* ; *25%

26 V\

26

4

45 :-i

32

t45

457/e

31

•:

10% .10%
*88',".'':'>92 >•/

4-

'•,45'/a

45%,

? '. .16%

16%

:■

;•*88 ;

■

10%
4*88 ;
,4 "15%

44;

924;
16%

,*49,4

".

52

/P16V4
'

?> ; *49 I*"4 52 ?/
i"j ;■:*

3l%-3l%

4;

"

11

-10%

,

;/•'•

91 ^

";

'

10%
92

16%

4 50 4-

504

105

*170

>>*11144 111%

*110% 112

/

,-*84

,

10%

20%; 20%
1

-

43

43

'

,

*148

155

.

iu%;
'65%;
! *106% '3C7V2

26'

> :•>•

*56%
20%

37

597/2

> 36%
/.

43%
155 >

37

-4*146

36

36

.43.%',- 44

43'/4

...

.

155 •>

Jan, 4
7

>

$ pet share

>144
*900

:

—

.

*100%

T4 42%" 42%

;io3 4

*35'/2. .36.

,,

4"

*148.

■'"

*900
> 53%

54'/4.
it*
•100%: 102- •

,

44%..

44

14%

15 »/8

'19%
'14%
> 14'/a

15%

I97/8

13»%

14'A
14%
14:/;

30%

31;;

>4 31

31%

*30'/aV 31'/a

•31

31%

"5 14%

30%;
31

•

.

11%/ 11%

•

11%

"

'

•

147/2

20

,4; *36

36

117/a

11%

20%

>- *47%,

•20»A

20%

20%

80 V2

4

*777/2

•78 .4

8lfe

80

V*

48%

48

48'A

46'/a

46%

48

*148,

•

;

; 15% Sep
•

div

45%

T

Milling Machine
Corp
;
Fuel_>—

Financial

&

♦110%

1117/2

23y*
;/?3%

23%

;

500

? Cluett

Peabody

'

Sales for

the-Week

;

1017/2
43%

-

?

53%

14

•

;!

<:•

.

.

v

.

*

•

-14%

14»/2 ::

.:

::031%

,

'

40 :

28%
35%
6'A

>4v

32%?:;

*48% 08%

•>

27 3/8

27%

28%

5%

54

16'/z

16%

16%

*53
: .16
/; 27%
18
'

'

27%

28%

30
2?
18'/2
-41$%
./•? 112 7/4 1121/4
45%
'.•457/4

18'/a

„

*112'% "112%
45

45

38'A Jan 29

24% Oct

83

Deo

82%' Jan

28

Nov

Jan

17

60% Oct
25% Jan

74

43%

49%

Jun

16

54

Jan

66

Deo

19 7A

Jan

37%

Jan

59%

Oct

Dec

31

67% Jan

17

54

Jan.

64

Deo

Dfec 3i

25y* Jan

2

27

Deo

Oct

.4

36

11

21% Sep
Dec
Nov

>

207/a

1121/4

48

*.700;.
>1:

,

53

•

2,600

2

28%-

18

14

54

28

*28'A

,114
Feb
38'A July

23

48

Nov

91% Jan

581/4 Apr

42% Jan
20% Jan

9

May 10

108'A Mar

1

Deo

68

Aug

80

Dec

:

5 7

98

38'A May 11 '
71% Jan 18

?

140y*

":

44'A May 23

? 49

Jkn

170

Feb

89

Jan

Jan

9%

105

Nov

72%

/

Jun

25

Jan

Deo

■

103
109

Jan

52

Sep

10

Jun

23

997/a Jan

19
6

24% Sep

8'

10 '

Jan

May

115
?

Oct

68%

i 93% Jan

Nov

110'A

106% Nov

Apr

Apr 18

100

Jun

9

53%

Jan

59

NOV

4

34 V*

Jan

41%

36'A May 21
Jun
7

35%

Jan

53%

July
44'A Feb

1
?

?60%

2

152% Jan

44

Deo

105

V

109% Jan

-62
s.

22

205

106

;
•

23

39'A Nov

...

No par

Jan

•77
-May 20
108% Mar 5

•

3

507/4 Feb
19% Dec

■/

,'^————100'

108

113'A Jan

18

106

-

Feb 27 ?

.2

Sep

•

205?

12

165

140

May 31

Apr

v

Sep
Oct

150

Deo

Range for Previous

•
•

-

Co

cfhe)i^—

A—

.

Oct

9

?

Dec

3

■>;

42'A Feb

26

61%
-

X99

cum

conv;

,

287/4

16%

16 Va

287/2-

-

18'%

27%

$4.25'

-,

20

10'A Oct

10

30

23% Jan

1127/4

111%

45%

44'/4

44 3A

44%

45

•

?

.

;

;

,,

28%

27%

w

Commercial

.

w_

Solvents

No par

% Consol Coppermines Corp

•

N

Y

700

Consol

150

19

1

> 44%

7.000

44

Nov

5Va Oct

5

24% Oct

No par

Dee

106

Deo

Retail

Stores

Inc

14

18

Jan

28

14

•

28 y*

?;■.

Jun

50%

Nov

Jan

28

31

Mar

Nov

11%

Deo

41%

Oct

26

Deo

28

Deo

39
110

Jan

:

53%

Sep

Deo

15 y*

31

116%

Deo

Aug

'257/a

Dec

H Jan

4y*

89

Jan

124%

Dec

28%

Jan

34 y*

Nov

18'A Sep
6
40% May 13
•

26% Mar

? 89%

557/2 May 13

29%

Feb

1

36 Vs Jun

17

/10% Feb

Jan

50

3% Mar

6

Feb

24%

6

28

36

106

Oct

Nov

7y*

Dec

34 y*

Jan

Sep

Nov

Nov

109 y* May

25% July 12
23% Apr 20
60 > May 27

11% July

22

Deo

31%

Jan

45%

Deo

33% Jan

17

17%

Jan

35%

Dec

Jan

8

45

Deo

147
?' 32

11

35'A Sep

50

Jan

0

109% Jan

23

Dec

;

Nov

4%

July 15

5% Jan
132

.

16'A Sep- 24
Nov

Jan

36

Jan -24

32 % May 13

18

17

Jun

46%

Mar

59% Jun

29

xlll

46%

25%
31

123

14% Nov 22

/

Jan

14
29

•

1

Deo

5~oy* Jun

Jan

■.

9

pfd
No par
Container Corp of America—
.20

>18%

>

48

10 "

13% Nov

Deo

Jan

47

22

42 Va Jan
•'•

Nov

50%

Jan

<14

105'A Sep
4
17'A Sep ; 10

Consumers Pow $4.50

7/2

49

Oct

47

>1031/2 Dec <14

Grocers

18%

>7?

Feb

38

36% Oct 30

.

1—
No par
Corp
1.33%
1,2000/Consol ; Laundries Corp.
5
1,300i, Coiisolidated Natural Gas_——: 15
6,600 •
Consolidated Vultee Aircraft:
;_i
5,100
Consol RR of Cuba 6% pfd—100
Consolidated

111%

.

31%

34% Jan

Apr 22
20
Dec 30/
36% May 21
78% Dec ;20
106 »A Apr 1050 V* Aug 12
.36% Oct 10?

No par

18%

■"',.

Nov

101%

10

Jan

39

32 7/4 Nov 22

No par

111%

v

112

14'A '

I'SS.?.,:
1&

-

4,500

;

'

; 15%

.

187/a

111%

?

Oct

72

29

247/a Feb
41

■

: •1137/8 Nov-19

par™

com

pfd

cum

19,700 '
Consol Edison of
700 ,0? $5 preferred

•?;?;.

20'/* ;

.

183

Deo

60% July 11

-

1067/8

,20'

$ per share

May

59%

Aug 20
63% Jun
5

.98,600 > Commonwealth* &.Sqpibe»ri/_No paf
2% Jan > 2
2,200
$6 preferred .series
—:
No par. ?lll
Sep-10
;
'8,500
Commonwealth' Edison. Cq—_25
29'A Sep
4
900
Gonde Nast Pub Inc new——No par W^ 12%Nov?22"5
3,000 :
Congqieum-Nairn inc_—«>—.No par
24 Ye Nov 22
.*.....
—
Consolidated Cigar—.:
Oct
9
.r—Nd par ; >33

28% '

106 7/8

;? 53

• ■;

28%

18%

:

?

130

110

6

Oct 30

15% Oct

par *

preferred^.

Dec

>'? 37

Commercial Credit—I————1.10
~ $3.60; preferred——1100

.

16,100

3,800

11

69 7% May 20

.

V;

6%;

13%

541/4 -547/4"
>

34

63'a

;Feb

Highest

i per share

$ per share

200

Z

Year 1945

Lowest

Highest

r.$ per share

130'

—No par:
«-No par

;

/ ; ; I

Range for Year 1946

;;?! Lowest-'

.

28 7/4

27'/a'
*337/2

'

•

112%

45

Dlo

9 "

30

22

Deo

15

1

10

*

1

13%;

'

,

r

'-67/2

;

.

321/2 ^

*13V4

357/2;;
'

-6%-

28%
28%
'107"" 1071/4; :•
: ---191/a
19%; •

"161/4

1*17%:

-

287/4

14

15%

32

.

13i/a .'

*341/2
>

23%

7

.

3% ■; 37/3'
121'A 121 ya ^

1217%
•32%

1/

I071/4

'53

8
23

x23

4% Jan
29% Jan

20

36'/a Oct

<178% Sep

Columbus & Southern Ohio Elec—10

5^000
,230

.

112% 1

227/a

%

V

137/2

287/a /

*13%

May
Jan

30'A Dec

Dee

16 ;Jan

8

27% Sep

50

Columbia Carbon, Co——_—._No

100 V

46'A

.

4,400 •* (/Columbia Pictures

48'A

451/2

24'A >

1217/2

1:

,

019% >197/4

29%
.

13%

281/4

"Jan

141'
?

,t

; - 81,100 '

20%

112 «/2

•X32%

/

'33 m

35

16% Jan

25 Va July 11

-15

61/4, Dec -31

-

:>p; 4001

36 Va

*79 Y .817A

46'A

23%
;-3%-

>•

a'/a

: .1077/4

147/4
54 ■"■•/;•;
16% 5

.

y

1-

63/a ■') 6%-'--

>«:

34% Jun

19 ?

' 4%
non-cum 1st preferred—100
13
Sep 19
•
- 4 %
non-cum 2nd preferred
100 ,i 121/4 Oct 3Q
Columbia Br'd Sya Inc cl A——2.50, ? 28
Oct 30. '
? ciass-. .b
l
_:2.5o .> 277/2 Nov 26
Columbia Gas 65 ElecI——JN0 pat
8'A Sep -24

180

2,800 '.

„

321/2

.

36

*112%

-

123 VB
•

*341/2
•

28%

•

14

14'/4
54%

46 '/2

23%

261/4

>

>

6%

*

14%

54%

Z? 18%

29
35

6'/2

28%

114<-

32%

1077/2 167%;
; *107
107%;
2QH: I 4 •' 191/8
■ 19%
19.7/8}'

; /,

14%

''

13%

4 *34

67/8

,

46% Y

1211/4

l4'/a

Jan

49

v

—50

Colo Fuel & Iron Corp—No

•

350

•

li'/Y 11%

:

"

48%

1237/4
327/8

Jun

5% Jan
24

11

V 21'

Aikman————r-Nopaf

-

^3T';;i
: 1 20%
20%

'

28%

357/2/

6%

108

*16%

28 y8

;■;/ *35

> >19%

i.

30
19

No par
No par

210 /Colorado & Southern.:-—00

;;"•'

32%

32 '

■'

13%

16

59% Jan

108

$3.50 preferredi—«—No par
Collins &.

'

2,400

^

131/4 '13 V4

.317/2

11% -12*36

81'A

32%

,

25

15% July 10
11'A July 8

-'2

Par

•0. 11,300 ?

;

*78

:

V* Jan

17

?

1,600

..t

131/2' 13%

14'%:..

32% ,.32V4" ;

82-

3%

12%

14% July 11
33% Feb

19

Sep

EXCHANGE

Class

.

—

•

•

•

I 197/2? 19%
;;,;i3%; 13%

*13'/2 1/141/2-,

21

•

Jun

Dec

'

Coca-Cola International Corp No pat
5,400 t.;, Colg&te-PalmoliverPeet ;i_r_No-par

101%

'"•143. •:•;" 437/a

>14%

1>*13%
'

11%

*237/2

12%

6

•

Co_-_10>

•

260

__

lOl'/a

1

;

,

1,400;: CocftrColg
„

52 Vs

19%

361/2

*112%

247%

123

32%

141/a
28%.

28%

10

28

Dec,

10

:i 751/4 Oct

.^.5

NEW YORK STOCK
;

Shares

*63'/265

,48%.

112

,

237/2

1223i

32'/a

;;ZZ 6%
S7%

v.

312

,

Oct
Jun

37% Jan

li

No par
1

& .Co—

;

Preferred ';

*

Friday:

*900

14%

31'/*

3%

122'/a

0 *34%
/ *107

;

.4/

14%

'

W *54

':

37%

33

;
32%
Z?, 14%

>19
*14

-

23% ;

23%:.

.

4,
123

>10230

1117/2

HI »/2

58%
26

767/B Feb

>

8.50

Clev-Be Pitts RR Co 70 gtd
Special gtd 4 % stock—'.
Climax Molybdenum
Clinton Industries Inc

1,500

148 > 148%

53%

43

14%

'46%

26'A Jan

10 ■>

23

Nov 22

14.14-

LOuis.Ry CO^——ilOff

>

;?

f

*78

-

22

15% Jan
6% Mar

17?

55
-55

——>__2D-

?

155

?

46%

14% Jan
47% Mar

Nov,

34'A Sep 24

•

No-par^
;

067/8. Jun
18 Va Jan

:V;/:l

45%

11*2

45
45

.

—No par

*

x

Oct

17;

->.;■ ;6% ; preferred——u__:——100:
Clev El Ilium $4.50 pfd_
z—Nopar.
300 >:,Clev GraRh Bronze Co (The)— i__l
10 <• >: 5%'
preferred.—_*10q:

9,100

'

*1007/2

14

20%

30% Oct

;

100 '

C; C- C Ss St

►

5 _>_

t per share
-

:14'%

36

80

48%

<

^

35'%

"

65

"

31%

:

?

; ,'80

-43%

-r

;

146

*13%-

31%
31%
11%

11%

36"

,44 37:,; ;

C'I

"

36%
21'/a

.

100

'

'

*35'%
4;

Y.V

.

-■

Oct

9

'

Jan. 10

'v19%'

*137/4

;

.

Apr

:

•

180 >

?

357/2

:

; >

19%

14

*131/4 ; 14.

Dec

108%

25'A, May 20

,

>>66.,1iY:86i;>

,,

-M4-

14%

*14

17

Sep 24

109/ h

Preferred

Cincinnati

\

; 900

1117/a'112

,

Jan. 9

' ■

42%
14%

19%
<••••

Jan

32

9% Oct ^ 9
CityInvesting Co.
5;
.•,••?'57%%'' pref09 >
88% Dec 28
,? 3-.400 -: City. .StQres__-1v-^£---^----.----5:.; V15 'A Nov 22
'
800 '
Clark Equipment—_i—^_1_No pat • > 44%: Sep 40

-51 '

•: *95 •■•

< per Share

?

,10t'/2 101Vi
42'/a
14%

7.

par,

Li.—,

w

STOCKS
-

"

147/2

*17(f

;
•

Thursday

/'

-

19%

147/a

19'%

50

.

:i55>;:;.'.'

149
147% >l47%" >
65 •
r65
65 "/Pr
*900
*900
U'" "
53%
54."-

/44

14%

V

.

31

•

•

64

v

.

.

8,000

U5%015%

•

Deo

16%
33

1

} per share

.

K

146'%

64

44'

4; *14% ' 14%
4:
14 4' >14%
,

102.

per shbre

146%

1

PRICES

-Jan. 8..

■W:;l__No

Clnn Gas & Elee common_>l

:

1,100

>. .437/4

-

437/4:.; 43%

Wednesday

,

,4 .'■

V

<13% -"14 7/4

5; 30%

h t

.

...

..

44">-

..;•

147/a . 347/8
19%; 19%

;

;146

63;'/2 ' 64 7/4
♦900 4>
m 54 ;VY 55'%

65%; 55%;
'lOO1/? 102
,4

# per share

*144

144 444
63%

v

*62%

Tuesday
Jan. 7 "

■

,

26

-VP-

&ALE

LOW AND HIGH

4/v, Monday r
;."4 Jan. 6 4/

Saturday 4

•

50%

Jan

21% Mar

.

'
:;

180 y

■f;'Ji.''■■•i,*k 1.?'• >•

;-v

100

.

5,800

.

43V4
155

i-

.

.

100

•.*87

;:Tll4>lll%'"/::

'

'*148

»

1

A—25

-'

> >106 »/2 106 7/2
>*101% 102/>
*101% 102
V *56%'? 59%:
--*56%; 597/2; •
20%
20 »/s
20%
20%.

20%

Cl

Chlcagd-Yellow <Oab__i—j->No par
Chickasha .Cotton
10,

>.

;

102'

20%

■

'

10%

92

i 566%/ 66%
*106'A 1077%

-

*58%-59%£

Co

Pneuihat^Tool-i—2xNopark
-—JNopar)*

g 2,500 % City' Ice;

*170-

*106% 107 7/2

21%

Ry

$3 cony preferred
Pr; pf
($2.50) .cum

31%

>*95-

111%

*1007/a

,

Jan

7
•

15

1114

7'/eNov 21
;? 5'% Oct 10
11 Vi Oct 10

•

L50

.

i

—50

preferred

preferred

/.Chicago

I?™?

Co
;

:. 1,100 4 tdhllds bo——
•
10 ?, Child Copper Cb—
16,600 ?: Chrysler Corp_!___

XX,'

.» 9% Oct

;

L_l./
RR

Chicago .& Northwest'n

46%

"

67

Louis

A

45 v4

4/il5%Yl5%P:
;P56'4';;52'-c4/

105

*65%

v"

16%

110 '

4:25%

'

46 Va

•88

180

*111,

•lOO'/e 102'A

21%

,

>:

*111

59 %

♦56%

>214;4.37;.','
* 4/>''43W
? 4,4*148 r
;

,37%. ;

*37 "

<

*17^

105

Series

•'

100,

.

-40

Corp. (The)

'<31% 4
31%
.-•10%-- 10%.>. >; ,>.10%

92

*95

180

>• 65%

;:.v*65;: - 66 %
*106% 107%
*1007/a 102 %.

1

,7" 66

*106%; 107%
*iooy« 102%
>*56%"'59%

:

*170

,5 *95

44

•

454'29%-■:! 29%

y,;.■#,.£ ,4. v

18044

":'-*95'.";- ■105

"15 Va

?

t

Mar

33

31

257/4 Oct

30
10

•

25%

.i$y« v.i5%-

f.r

180

*95

.

10

4i47/a415%

'31%

■r.

'*50Vi'51%4-

:

*54% "4 58

% >29%

-457/8

r

31%

10%
*88

.

,

.*54 Va".

*107V4 110'>4 v.no7%

46 44 :;

31

v

16%

MO'/a'
4-4 29

M

*170

:■

42

,29

*25% 4 25% '-

■

'

;6% Y l".;:- :.6% ;' .6%
42>:4J4
40'/a •" 40Va
91%"' 4'. .88 Va
9i

6%

"

?.,;-;::.3I\z* 31,p

6,300

.

*107% ilO >4

•>

20%

Va'"V:,;V
15%">.;

*15%'

-',91 r>-

•29%

?.

54

•14%

6%

897/4

.

8,200

23%

■54%

-16%

*40Va

92%

4

35%'

5.54%'-P".

54%

15

>>' >

12%

34'/b
.19%

7

48% Oct 10
4% Oct 10

.

—____.No par,
1 3% Oct
Chic Milw St PPP vtc£-_____No par;.
ll'A Sep

12 '

vi;; 4
20% <"r
_

No par
—

'

4

43" ^Jan

17% Mar 12

•

Class

3,400

15%

?

-.10,000

'

12%
35%

^

Chic: lnd &

1

200

20

55%

>>

f: .4,800

57/8

20%-

12%

434%

•

1.25

Co—

A

.

4 8 7/s
:*

&' East 111 RR

Class:

vChicago

19%

;*14%

k' 6%;

8Va — 4,;' 8%
5%>4; -4. *3%

1

700
Chicago Great-West
£ 1,600; >: 5%-. preferred;.,

14%

12% •-

23%: >
55%:.v.

29-;

*108 >110.Z

1 Chic
1

7,500

c:

-7%

.

35%

*54%;

90

•

,7
J

9,500

.

,

Mfgl-!—1

Chesapeake Corp. of Va—
—5; •
^Chesapeake & Ohio Ry_lLi>„.--£25/:?

12%

24%

424/

29%

.

8%

•■:7r 7%

5%

105
Sep
12% Oct

Cab

20% Jun
♦0
NOV

-

400

4*

'

m

8%

•

55%

*40

8 7/a

;

6 -

*54%-'

16%

•r4'V6%k

/„,Y90.%.?:<9lZ4'
;

*23 V2

34%

•

"20Va
46V8

,

8%
14

9%:"
-

vv

6%v
42.PI

1?? 29%

^

.V

*7%

13%; 13% 74

*54"

55%

*54%.' 55y«
"•'*14% 15 >7

-

12%
-36%

,

19%

%r

47

,r

»•

"

20'/2

-

46%

./■Z*24?Y/25l;Z

i ,'. 6%
.?Y *40

r

preferred————No par

$4.50
Checker

1,600

,

/•

*24%'- 25

t

'

••>*54%-' 55%

-

-

21% Nov

50 •

■,

f. *.Y 1,700;

•?Y? 9
9%
Z
9
\ 9%-:
#v' *7%' ' 8% •4::'4,7%'-:.;.7%,
Z/*14%^;15?&
14%
14%

45%

•

54 %}

z?Z;'6%z/6%?
44 *11 % 11%

6%

.

••

1/.

'

>

Champion Pap & Fib Co new No par

16%, YYY; 800

■I'v.''V1"

'/ **83%

4,700

r

•

4 111

*110

.

16%

^

25%

25

Feb

25

'

13 <

•

25% .'.'25% v: -v
*109%, 111

Nov

24
May 9
>51'A Jan 18
257/8 July 1

24

.

,

13%

115%

_

~

«

,

11% Nov

109% Jan
/.!*' Y
■'
10% Apr

30

•

Dec

21'/. Sep
31 Ye Dec

*

22

g««s

-

25%

1 20% Apr

137/4 Jan 24
116
Jan 29

9

>17% Aug,

Aug 26
108%

Jan

26%

Apr

8 7/4

115% Mar 15
547/2 Apr 18

Jan

115

40%

Feb

Nov

'

; 1.8

18

:

18%

*102% •;108.>;:x

10

10

:

,

*5Q% > 51%
'R 10%
10%
40

>

•i;i-.*i4 a
.

;.v,

29%
293/a «'
*l02 %: 1037/41'

*187

>

■

:

38%

737/8
189
..

•:

29

40%

For

50

;.

:

; is '/4

54 %

107

v.;
'

10

107

m

9%

:50%r

10%

l10%

:•">

38%

.39'/*

16%
f
:

'
'

•-••■

9%

97/a

'

97/a

60'/a

50'A

laVz

C

18%

118%
-4597/2

•187
4%

!

*187

*104
29

40'/a
*47'/2

4%

73%

i87

-

•

39%

40

,

♦104'/4

105

t

V

291%
40%

•75%

S 190

>7% ;■ 77/a'
"4- 4'/4
4'A

105 tv.

50/

103'%

'•

7'/a

29%
t

297/4

"f".:

1031/4

73%

189 %

30

-187/a

1'19%?
69 '/a-

t 59'A

61

297%

*103 f

75'

383/4 / 397/8;
*

18%;

•-:

,

16%

lO'/a

?

>
16'A
16%;
16 »/2 >17%;

'?

49

497/4

14%-i: 15v ;
54%
54%

15 >•

*54

-

•

,

29%

"

29

~

? 59

59%.,

-

29

7A,

747/2

104

74

188 -:

7 •:

'

7%

/•"'•• > 4'A

•397/4
*104'A
29%

41

417%,

•39'A

477/a

47 Va

47%

:•

7%

m 4'/*
%

39%

105.
c

29%"
39'A'
48

55

.'1

>,

900

/

i

/'

2,900

19%,-

-

?.

v'

-

*103

;

28'A

72'A ••.'74

*l87'/4

40 -i

10^
30

-; 29%
40 *#

■7HVU.

>f>

4J/2
"

;•

41 %
49

7%:
4Va

38%.
*103 r.

•

Insu^jgce
i

Continental Steel Corp
CoOpeV-Bessemer Corp^««
$3 prior preferred
Copperwtkl Steel Co____
ConV pref 5% series—

.

:

?

Oct

-

15
1—14
No par ?: 131/4
•

—5

Nov

:

.

29 y#

.

,

39%
48

:

100% July
10% Apr

22

Jan

18

46

Jan

29

8% Jan
26% July

49% May 23
X23 % May 29

.

? 30% Feb

19

> 237/a Feb

16

•

56

Apr

189

.

.

.

YI2%Nov 3a
970
<•
Com. Exch Bftnk Trust Co_„—20 ;■.! 52
Sep 11
; 3,600" Coming Glass,-Wbrks commoniii-5 ,7; 25% Oct 30
50/ ■;' •; 3'A %
preferred—__i
uaWfG / 101% Dec 20

.,

?

r
•

-

i

4 Va

397/a
105

t
1

t

1,200

v

>

•;

600

Products Refining..

;

3%^ preferred.
Cream' of Wheat Corp1
Crown Cork

.

&

$2 preferred

Seal

58'A May

.:

*..100

;

—_25

7'A Nov

>4% Oct

67 % Jan

•

100

"

31

101

(The) ^*.—2

28

—No par
A—
Na pat

"32

47

8

Oct

30
Nov 26

Sep

ip

Oct 10
De<i 36

,

,

75% Dec

28

.2101/4 Mar 30
14% Apr 10
7% Jan 29
49% Jun 17
ll07/2 Aug |8
35% Jan 14
62
Jan 14
54ya Feb

6

17%

Deo

109 'A

Deo

50

113

17%
59 %

Sep
Deo

Dec
Oct

20

Deo

43;

Nov

28 V*

Deo

Feb

55%

Nov

19%

Deo

53%

Jun

18% Aug
52% Mar

26%

Deo

30

2l--

39%"MayJ?9
109% Aug 14 '

10

-1—il^25

—

.

23

•

:
;

-

^1857% Dec 31

——i

preferred

coty inc
Coty Internat Corp..
Crane Co common.^

ft

-

3,500:
•

?
-

5.7001

'. '-

80Q

;

40'A.
48

130/'
2,50a

:
:

(

,297A

Corn

4,500.

v

7%,

1

?

12% Jan
49% Jan

10

60

Jan

,47%

38%

-

24

27% Jan

•

Oct 31

Jan

10

1

Jan

19

12% Oct 30
50

—50-;

10

24

Nov 22

461/* Dec

03% July
Jan

37»A

-63

10

i? 337/8 Oct 30

NO par ?

July 18
?o:

537/a Jun

1137/a Mar 29
8
18% Feb

:

'8% Nov 21
10

5

22

109 Va Jan

46'/e NOV 27

1

L

Del.

1

;

.

10

Motors.'

Oil Df

?

,—5

8,400tii CorBell-Dublle? Electric Corp.*

59%f

104 •/"; 104

74'A

i-*4Va
59%

'30

9(T

,.

•

r" •-•

' Continental

400<

,

/•

>

Continental

Continental

.

4,900?

r

.

•

16,200'

:

>

331/2 Sep 19
103% Nov 26

;v 1
"

:•

287/a

'i lfio; a'A
7%!

188

'

v>

I
12% Feb 28
1101
Sep 23
»

>•»■;

;> 18%
>? 58'%
>

29%

*103'A

IO37/2'
r

19%;

19%

;■

,2,600?,;;

•

10%:
39

>..

Continental Diamond Fibre

2,600

50 ;

38%,

;16% ;

*49% ?50<

"?
"'

lO'A
k

>149%

10% '

j '''iO'/a 116'A

16'/a/:. 16 »A:
*16% U71/*
*49'/* - 50
'14'A 114 Va
54
> 54*

''

38%

?-•: 38%-, 39%

.>

.

,

I71/2f
4,500
'Continental Baking Co—T—_N6par
/-•' 108
,'
,
$5.50' preferred-^
No par
40V4..- I'. v; 14,200
Continental Can Inc—
J—20
*106'/2,. 107.%;
1/4000-. > $3.75 ■ preferred^-——
No par
16 V*

*104

:■>

40'/a'

'

♦ioeMiiotvi,;

.

' 9%:

39%

50'/a

•

40

•

;

10% >10%

;
397/2
;; 16%

••17%, 1^' '
Y>;

*104 ;;108

-

391/2

>

50%

4/ 54/;,. 54

/. 60%
29'/2
30Va
*1037/2 103'/4
.>60

7%

43/a

29

ti

>

387<a

40%
*47%

#54

73'/2

73/4

*103%; 105

9%
50%

18
108

38%

;•■

2;

18% >

•Y 4%-

y

•

108

i7%

*104
•"

'

59% 4

"Z, 7%

108

%

18%

1Q8
291/a:

is
187/4,
4
17%
17%
5
50 -v
50;;.;
:•■> *49.
*497/4
>.» >14% 1141/2. • 44 147/4 -14%

•

*18 "•

73%

40%

*16% ■n

iv59.;„v
>

38 »/2

/"/

10%

\

'

v

;

39%

14%
55 -u-;

*54

108

*103%

50%;
107/8'

"

is 4
50

HV2

108;
38% ;
lO'/a

,10

16%
'•

4

-

:vV.--,50%

40

'>>"*16%.
>•*17%

*_

'•> 38

ir-A107">;

;

*49

>'

:

18%

*1037/8

,

UP 37% ; 38%;
•107
108'/a

1

Jun

64%

101% Aug
58% Jan

108

182%

71

Oct
Oct
Deo

Oct

Jan

169

Dec

6

Jan

IS

Deo

7%

'

Jan

*>%

Dec

25% Jan

43%,

Dee

99% Aug

108%

Dee

Jan

24

37

.

Jan

49% Nov

84%

Dec

59%

Deo

63

Deo

footnotes see page. 227.




v

Nov

•

•

Dee

110

July 10

9

Dee

127
Jan
14% Jan

3

•f

Deb

48%
175

47% Jan

3

19

10

l04% May

•

.

'

5% Jan
35% Jan
152
Jan

,.

131

183

■

-

$

•

36%

.

Highest

Pur;.?:per share

■;,■■- -

l\ ;•
7"v-":; *6%
7%-, •" *6% >; 7%4'r
Carriers & General Corp__fc>»—,__1
' 6%67/8
f4 \ 900
g3/8 Oct
36%; ■ 37;-r >P>36 ,>■•> 36
Case (J IKCtx
jw 36:* '-'36/r'- .fJ-'-: 35%
>// 36% -37%
—*25 1 >8l% Nov
36 >v ■•f >""2,100
''
*158% 160 >
l
158, 4158% v.*156 V158. -.f U;/l55*:: 158
*158% 160%Preferred
——100
> >155'
158
t.5- 70 >
-153
Nov
59
;0?*59.%.>6o%/
60% >\4;' .4 60%' 61% 4j;t;;p59%-.N60%!'V.'t^-, 59
60%:'>>;58
59.
-4,200
,-Caterpiilaf Tractor.--^——No pat
54 'A Nov
//>. 20%
21
/'Zs?21-,>, 21% ;
20%f 21 % •
Celanfese Corp of, Alher hen-No par ; , 18% Nov
i '; 14,300
;420% >21 '?20%r>20%'4;;-.",'419%.,4.20.%
? *1067/8 108
•>
:-YlO0M|Z 4 *107 > 108% ;v V> 107; ' 108 -4 ; > 107,% '.107%^>\ * 106% 108%
300
)4.75 l'&t preferred-^.i4_-».*-No pat
104'A Sep
,ni *143
145/Y >% 144% 144% ••• '4, -143Viil44s
•;.144 '■ .4144K44 144 Va 146\ ->P%Vl44,:>;i45;,
"iso
?%.-2nd preferFed0-.;>——-100 '
138
Oct
30% if 30% v
?
30'/a
31 %
29% ' 31 -: X28%
29% ' - 29% , 29% ; •
I-/
6,300 •; v Celotex
Dorp--—par .. 22'/a Jan
28%
29%
21
*20%
•*20%
21.
;
20'/a " 20%
» xW,~
?nl*>
*
20%
20%
\ ' ?20%
21j >4 ' 300 ''%*'.. 5%>-preferred_/-i--1-?-'<-?;-'
-30; ,*• 20
Sep
*>'■ "'Hl 21'••'? 21%
'^21.%*' 21%;
> x '3,000 ' ; Central Aguirre Assoc—.^+-No pat V 20 /Sep
?
13 ■% 13% .;
•V12%:i3%
Central. Foundry1
( i 1
5,200;
-8% Oct
z/Yi0%' ;-ioy<, '•-"'10%; 10%
Centrali Hudson G A E' Corp.No pat ? ■ -' 9
1,200
Sep
*113 - ii4v
*113 fc 114 r
f'."W
10 .' > Central.Ill Lt 4'%%- preferred_.100110% Jun
: *90
/ £.:>;*89%'-j.:91;&3$#0 .*90
92 •. 492
91%; 91%
:. V ,y91 44 92
,92 r- ,
,(
'' 200 >; Ceht NY Pr Corp pfd^ 3t40% serHOO I. '89
Dec
.-. *9%
>
' *9%
,.; 9%
9%'; /
9%'
9%
9
' 9-;
*8%. > 9%
87/8. "
ICent RR of New Jefsey__:
r ,;
. 500
100
"
8% Sep
,.
8%
*29% - 3rr:'' **j?' 30% V 30%
t
31
31 f
*30 >v ; 31
3i :->"3L =:•>•:
*29%: •3h:V: ( 4 444/ 400
Central Violeta Sugar Col-—. ?> ; 26'/a Nov
13%
13%
13 '
13
*13%
14 'V
*13%
13 % j"
*12%
*12%
13Va Y ..S" 300
13%
'
Century Ribbon Mills___„».—No pat
11
Dec
34
34%
"34%
34% :
'•'"33%4 34% :;: v" 23%
33%
> 33%
: •;* 2,3.00
Cert'd de Pasco Copper—-^No par
33% ; 33'% ' 33%
31% Sep
20%
21 - 19%
;
20%; 20%
19 Va1 19.% :[" v - 9,400
207/8,-, C, 19%
19%
203/a
20V4
Certain-teed Products
^^114% Jan
4
i28 >' •>:; 28%- ,28 Va
27Va
28 "/■
28'/a
;*26% «27% '
>27% • 28%
*27 :)./ 28
v;:'
500
Chain Belt Co—J-1,—11—No par *
"
23 'A Nov
A-:

Year 1945

'

r;.i..'

-

iiai

mmmk

Monday, January 13, 1947
220

——

i, —<r"

.w

'

-

u-

STOCK RECORD

NEW YORK

>
j-<

"Jan.4

Monday

?■•/

Saturday ;

$ per

share

32 Va
107% 107%

32%

32%

32 %

107%
128

"122'/a

:

*20%

128

31%

91

91%, '

34%

33

33

21%

y. 20%

;

44%
99%

99%

is y4

*17%

18%

44

10%

10%
:"69

70

Y

28%

*27%

26%
s

27%

*92

Y 93-

'93

19%

17%

'

17%

;" 17%

'

113

*111%

113

20

35%;

34%

35 ••;>'

34%
113

20
19

:'18%

35%

35%

20%

20%

18%
*

*35%

Y 35%

"

38

-

Y

38 y8

38%

36

i

'■f IVa

7%

>Y 7»/e

7%

25%

25%

25%

25%

"

>58
*21

,22%

31

31%

:

31%

52

'

*174

*iii%v

112%

*111

21%

21%

21

*94%

Yv;

94%

v

97

*16%

•:

17%

*29%

Y

30%

185%

*17

185%

,

*126

■

'

17%
74

'

112;;? Y

:2o%

943/4

943/4

-

Y-

21

18

*17 V!

*17

-

188 V*

126%

126

*113%

115

115

16%

17

-188%

17

<ti 115

*17

17

YY

share

/ Tuesday

}':■ Monday r
/ r.jan. 6 Y:

/Saturday

$ per

v

$ per

;'YYV-

,

Thursday

Wednesday

/

,

share YYY

-

.

;Y:

226

*192

I

195

-

225% %-y

225

'Y>Yl95

Y..513/4.. 52%
Y 23%^ 23%
105
105/
26%

195

;

.

513/4

Y

23%

110

•

T-

110 .;-

*108%

,S8%U59% i:Zl 59,-,,

*

3%

Y'Y:•■
"

:

105

/.

110

>143:;
*48

25% Deo

9

,''33 Y Aug

Raynolds class A_.

&

Distil

-.5%
Dixie
;

2

Dr.

48% Sep

29% Feb

common. -No par

26

192

preferred

500

v

33/4 %

•

conv

(EI)

157%

13% Sep

Dee
Deo

Jan

192%

13% U

'•12%

/13'YY

18%

19

18%

18%:

>72#

-

106%

105

109%

*109%

109%

109%

.110,

.-3%

11%

y ;.

94

*89%;

*11%

11%

Y 11%

21%

21%

22

24%

253/a

/
>,

25

,

;.

,>7% Y 8

41

*7%

;

8Va

? 27%

8%

8%

i:

24%

Y *107

24%:

24

24

107

105%

1

26%

26%

26

543/4.

t

','*54
58.

543%
57%

57%

11%

11%

543/4

543A;
94 >

*92

--a

;

18'%

60

60 :y?
:r>'

35%

20%

243/a

25%

25%

41%

41%

42

(i ? 8%

24%

24

¥■

*107

108:

v

>41%

>;?

43%

*27

27%

8%:

Y 107

,

?

24

107

241/4

24%

261%
553/4

58%

106%

Y

f

106

106

V 60

60

.

15%
13%.

,

193/a

18%

19%

35%

36

35%

*106%

1073/a

*106 5/a

;

41% r
;

15%

13%

133/4

16%
13%

92%

*

26%

207/a

94

56%

39%

■171/a

173/a
22

15%:
92%

92

?-*25%

26
.

*26

263%

*25%

26%

Mar

May 21

Range for Previous
Year 1945
Y

•V

*26

25%

26%

253/4

Fox footnotes see page 227,




-

*38%

40

21

I per share

$5

Y

66

•

60% Oct

7,006

preferred

49

Jan

Y 00% Oct

Y
10A

Sep

l09%Den

106

: Aug

:

II4:

Y 7% Jan 24, ;

4% Aug

"~7%~Dec

29% May 28

3%. Jan

167

2% Jun
V

Deo

55% NOV

34% Mar

48%

3

21% Aug

29% Jan

20 Mi Mar

Oct
Oct

106% Jan
Mar

8

93

95

:

Jan
Jan

22% Jan

10
10

333/4 Apr

21% Nov 23

58 3A Apr

63% Jan

;

11% Jun ? 3

Sep

Deo
Deo
July

106

July

108

July

109
.

May

4% Nov

Jan

20% Jun
ti88
Deo

12%
68%

Jan

86

?

Deo

37

Jan

1

5% Jan 30

28
17
29
14
16
26
15

Jan

101
-

eT
107%

>100% Sep

6

23% Jan

Mar

100%

Oct

? 27% Deo
v

Sep

16

v

15

111% Mar

110

10

: 84% Oct 30
1
Oct 10

*82
103

"

•

15 v4 Oct

?

Jan 24
41% Apr
9

Oct 30

10

'£

18 Y

17
102% May 28

9% Oct 10
48

I'

43% Aug

28

90

Eureka Williams Corp

140

43% Mar 29

9

5

Deo

July 10

Jan

111

5

Deo

158

103

21% Oct

12

19%

Jan

61% Jun 25

Sep 20

i'4-

-

Y 109

56% Jun

3

102

——.

?

?

2

180% May

10

Oct

Deo

Deo

24% Deo

.

21

v

71.

Jan

»30% Feb

Oct

*13

14

?v

Sep

Deo

112

>8% May
Jan

16

100% Sep

Y

25

42%

'

Nov 22

'T04% Dec

Feb

5/Y
35% Apr
5 vti
48 3/4 Jan 24 Y

9 ;

63

.

2?
23

16'A Jan 28; t.

3% Dec 30
:■■} 13% oct 10
138
Sep 24
128
Sep 20
Y 40
Oct
8
44% Sep 20

5% pref series A_.
Erie & Pitts RR Co

,

:

80% Feb

104

tEquitable Office Bldg.
Erie RR common

8,000 /

2

Feb

Aug
27% Dec

? 123/4 Dec 13

17% Dec

Deo
Jon

Jan

10

> 34% Oct

35% Nov
220
200

115

112

Oct 24

;5 17% Oct
9 >
106% NOV 21

17

preferred
preferred

tltb'Doo

Jon

40% May 22

39
Oct
9
233/4 Dec 31
101

$5 %

■

13(

YI*% Jan
17u, July

Y

71"

113/4 Nov 22

Y Y
preferred
L
Engineers Public Service com

—

Y

Endicott Johnson Corp

■

.

5,400
-v:

.

42%

v.'

?

*46";?' 47%;:
12%

23%

105%

105%
25

Y

13%"

23%

.

>
?'•;

.

?,

57%. > Y;

J; 56%

19

24%

253/4

-

363/a
1073/a,;
?39»/2

>

363/s

35%

-35%

1073/a

*106%

1073/a

>381/2

-39%

500

17%

17'A

2,300

*21%

22%

1,000

15%

153/4

2,200

*107

-

.

,

49%

*38%

17%
22% 4
161/4

i" 14

93

26%

>26

26%

Y-24%

24%

-

36

>15%

25

3,100

■:

!

4,100
—

; *

Jkn

92

=

NOV

11% Jan

20%

Deo

15% Jan

28%

Deo

42% Jan

6i%

Nov

.??•?= .Jan :

13%

14

13%

133/4

3,100

92

92

90

92

1,700

*25

-

>26

24%

,

26

r-

26%
25%

24%
*26

<

25%

;

24 %

•ft I

700

-

26%;
25%

2,600

v

3

36 9A Feb

■

19% Jan

5
9

> 263/a Jan 10
112% Feb 13
7
•- 54% Feb

Co

4

Oct

17
9

Feb

26

45

Dec

? 9% Deo

213/4 Jun

5

26

104

-

49

Oct

51

Nov

29

52

Nov

6

Nopar
Nopar
No par

16

Nov

70% May 29
28% July
46 7A Jun

.

23

115

1 Jan

11
11
'20% Oct 10

57

Apr

105

Sep

33% Oct

20% Jun

163/a Sep

29

Jun

11% Jan

-2

21% Feb

12% Oct

10

23% May

71

10

Sep

19 % Nov 22

100
*

,

25% Sep

20% Sep

11
20

Apr

49 V2 Jan
28

Feb

35% Jan

l
5
18
18
7
20
16
9
16
17
9
28

Dec

32% Nov
18

Jan

!

Jan

107%

50

Jan
Jan

Deo

70%

53% Mar

NOV

110% Mar

105 ®A Apr

23%

Apr

63%

Jan

42 %

Deo

34% Nov

21% July
-

t

Oct

42"%

Jan

9%

103

Deo

26% Dec
110%

23% Jan
Y

7

6
Jan517

20%

Jan

253/4

Nov

86% Nov

Mar

7

83% Apr

109%

22

25% Oct 30

Feb

70

10

Nopar

Nopar

17

34% Mar 29

21

105 3A Dec

Feb

108

Sep 24
24

65
"

Jan

104

34% Aug 13

Nov 22

19% Sep

•.

25%

>12% Mar

30

10

35

21

Florida Power Corp
—7%
Florsheim Shoe class A newJVo par
Follansbee Steel Corp
Food Fair Stores Inc.j.
Food Machinery Corp
Foster-Wheeler Corp
6% prior preferred
Francisco Sugar Co

42% Jan

May 21

88

-

T:

10% Oct

.

Fidel Phen Fire Ins N Y
Firestone Tire & Rubber,
4% % preferred

Stove

24

100% Sep
.

Federal-Mogul Corp
Federal Motor Truck
Federated Dept Stores com.

Florence

21% Sep

Y 73/4 Dec

preferred

First National Stores ti.
Firth (The) Carpet Co
Flintkote Co (The) com
$4 preferred
:

1,100

19

'

>21%

251/4

58%'

$6

4%% conv preferred
Enamel Corp

500 Y

183/4

,

20? Sep

Ferro

1,000

58

Y 17%

14

,

5,400
r;

19

17%

:

V

47% Nov 25

Vn pgr

? Federal Min & Smelt Co.

800

58%

•>*57"."

,21%

.

;

-~

r

100

18%

-

:i5%,

Y 25%

106%:

1063/4

105%

105%

,..

Federal Light & Traction

.

500
2,100
4,700

?>??.;

55

54

;

50;
200

Fairbanks Morse & Co

Fajardo sug Co of Pr Rico
20
Farnsworth Televis'n & Rad Corp_l

:,

2,200

107%Y,YY

42%

;.,

2,300 ::

23%

107%-

57%

-'56%

93

i

14

V

?

Emerson Radio & Phonograph

2,600

%

>8%,?

,

56

-V 56

15%

94%

24%

Highest

?

$ per share

31% May 16

Empire District Elec Co

.

*24%

26

*25%

27

7%

105%

*105

'

13%

*26

3

/. Y 2,300 Y 5 Evans Products Co
YY 7,000 r ; Eversharp Inc
?
1,800 : . Ex-Cell-0 Corp
100
Exchange Buffet Corp,

56

23%

,233/4

23%

*58%:

171/a

17%
21

94%
;

*106%

1073/e

16%

'. 16

1946

30% May 22

Co

Emerson Electric
,

2,200

8

26% "

1

433/8

*42

106%

58%

17%

>

.

V*

22

,

<ti&

41%

55%?.

.

47%
47%
>13% ! 13%

-

365/a

403/4

*>

27%
8%

V-

133/4

19%

23

*22

60

'v

25%

*7%

107%

•107%

.48%
Y \ 48%
13%
13%
?
233/4
223/4
24%
?; 23%
105% 105%
*1051/4 1061/4 Y
25% .25%
Y 253A
253/4 >
55%
56
55 % : 55% ?/
56% vf 57%
57.%
57% ■?

105%

Nopar
Nopar
Nopar
Nopar

Light

Battery
El Paso, Natural: Qaa—

V?;: >1,000

21%

\ 41

' 24

23%

42%

42%

;

;::r

50

13

133/4

!

Electric Storage

100 Y;

<r

11%

24%

,

»

v;

543/4

11%

253A

160

ll3/a

Y 21

56:56%'

56%-

24

35%

19
?
36%

(*106 % 1073%
;■ 40
17%
17%

Feb

m

.YY#

50

•;

3
No par

•

450 ?
v

94

*89%

26,500

-V;
?.

109

?' 54%

;;

180
y

105

? 11

-Y:

' 42%.
*7% •8 Y

8

,

57%..,-'- : *55%
27%
27%
83/a ZH ;Y? 7%
108

■

*7%

7%

(TheJ

v.;Y: $7 preferred
:
$6 preferred

400 1

•

?

110%;,?
3:Y>?

3

42%

'?

,

32%

109

21%: 21%

25%,?

■

313/4

:ii% rr

11%

HVaY 11%

19

Y-40
•

r

94.

*89%

Electric Power &

.

"

104%

55%

•?" 55

*

*58%

129

Oct

2 Y -61' Jun 10
263 Y Apr 24
200% Oct 10
190 •
Nov 22 Y 209 ' Aug 28

,

preferred
Y? Elec & Mus Ind Am shares

1,100 ;

*109

3%
11%? 11%

600

.

69%

'

3

20%

263/4

8%

106%

*106

106%

*106

•V

Jan

113

tper share

? ,6%Nov 26.

Y Conv

2,600

105%

Y

110%-,

213/4

7%

28

52

13%

'

11%

56%

43%

13%

*105%

::>v

8

V *50

i 49%

?Y

18% ?

69V2

1043A
10ft%^

'109 7A

3%

.

12%4

105%

...

33'—^

*109 V4

1093/4

Y 53 %

18%

V

Y105--*
,

41%

Y*41%

•-*41% ; 43

131/4

24 ?

*107;

3

v

*ti

-'=»i».

5

Electric Boat common—

1,500
1,200"

.

19

243/4

57.'

r;

108

Y 11%
•', 20%

11%

'• -•*'♦ ,'.i

56

56%
28%

•

*241%

49%

-.

94

*89%

-'

;

y

y

41%

94

54%

109%"

1093/4

3%

Wtiti 3 Va'

3%

*89%

273%

'
Y
113/4 Y
55% Y'

110

S3
19

104 3A

; 105 ?)v

109

32

50%?

12%

13

-till

*104
v

31%:

105

;

,

53

300

50%

?

1,400

149 5/a

*148

•

*68

162%

162%

M

*18%

_109

preferred

Electric Auto-Lite

?

? 12,000;

17%

i

*

;Y 19%"

104 ..-Y

;

303/4

109%
•

: 3y8 :r

%: ?

105

1043/4

:

104

31%

31%
1043/4

1093/4

Y';

31

31 ;

*123/4?
-

500

6,100

r16%

_4
com——1

preferred

?.; Elastic Stop Nut "Co

4,900 ?

33/4

50%

*53

54;-.:Y

69

68 Y ;

;••>

105

104 %

*

.

19% .19%

72

?

,109'/a

;s

31%
109

,24%

"

*66

r

-

;VY
19 %Y

Y *19

Y19;Y:

53%

900

15%

.54%

49%

;

49 y2

12%

lls/a

,

'Y 48%

Y

4%%

hO'ti

=

100

Ekco Products Co.—

5,000?

39%

33/4 ?

4% %

Y/ Y

y

Corp_—-5

Steel

Edison Bros Stroes Inc

90

39

149

19%

-*40%

125%

5

3

Sep

19

,

'

V

Oct

3

Y 31% Jan-

Kodak Co—No par 4

Manufacturing Co_-

Eaton

;

1,500

<

'143/4

,

161%'

149

13

56 y«

?•>

161%

149

18%

ll3/a

v;

.,

160

•147

123/4

21%'

155

13

July

| 16% Nov 21

.!>

Y 6% cum preferred

5,300

,

160

148 ;

:

11%

;Jun

21

tper share

.10

Co.

Stainless

Eastern

1,500

Y

26%

25%

"I08%:.il0

40%

Eagle-Picher

*

,

Dee

34%

Lowest

Par

Oct
Jun

113

30%

20

Eastern Airlines Inc.

Eastman
m i 900
t-y-i
% 190

51%
23%
106%

3% ■" Y:>3%Y>3%>
17
" 17%
:-'Yi6%i.Yi7%f

52%

*54%

56

*39%

49%

55%

'

15%

58%;

;Y- 52%

55%

Deo

;;

>.1,500

•

.

40

*38

YY 49 %

/

,

:

V58JA Y59. Y:
15% 115%

Y

105%

.11%

;•

12

111%

33%

Mar

Range for Year

>:V'

7

•r

159%

*105

;:Y'3 Y

Apr

116% Feb

.5

Shares

,513/e

Y

no

6%

52

106 >: 106

MO93/4

Jan

271

EXCHANGE:

the Week

194

Y';; 3%.

17%

•>145

*108%

7

-i

49;;.

*66

31

110%

17

? 20% Aug

133

7

NEW YORK STOCK

|

Sales for

Deo

115

Y12

227

Dec

.

Deo

167%

58% May 28

Oct 30
3

iei
124

Apr

100%

Jan

122%

41% May 10

20

112% Oct

DWG Cigar Corp

1,700

Nov

25?

-

116

29% Nov

Mar

65

7

Jun

33% Jan

.100

1st pfd—,

Duquesne Light 5%

-50

.1

preferred

$4.50

1,700

100
No par
& Co
.20
No par

«

118 ? Jun-27

24

Y 15% Oct
9
Y 91
Oct 14
Y 15
Oct 23

50c

preferred

Duplan Corp
Du P de Nemours

111% Dec

No par

A

series

International

Dunhill

300

Co

Industries

Dresser

8,500
-

$4

-

..

Chemical

Deo

Deo

; 29% Oct

Jan

22% Jan

6

143% Feb

Dow

50

56

Mar

,18

37% May 31
108% Mar 25

,

*105

253/4

109

*108%

''14%

Y

3%

147

*18%

108%

Mar

*

3

17%

Y, 23%

106%/

25%

25%

-

48%

193/4

*104%

25%

Y,57%

16%

"

67

-67

109

17% Mar

22

191

23%

23%

19

*18 3/4

Deo

Jan

: 47

10

16% Dec

20%
47>/4
226%

52%;

52%

12%

*18%

35

Mar 19

48

10

X23% Sep

5

Corp

48

Jan

105

5

62% Jun

25% Nov 22

-No par

Pepper Co

Doehler-Jarvis

Nov

Jan

16%

Apr 24

52

16

Deo

45% Nov

July 10

30

109% Feb

28% Nov 27

-No par

A

29%

40%

34% Jan

1043/4 Nov 27

-

2

Aug 26
14

.50

100

Deo

Aug 13

24

26

143/4 Nov

2

77

Y 19% Dec

-No par

Cup Co common

Class

-

:

42
Sep 23
Y 16% Oct 10

—25

Corp-Seagr's Ltd new
preferred

"

34% Oct

No par

preferred

partic

Diamond T Motor Car Co

1,800

'

'

.52 Y;

;;

52

12%

v

*145.

49%

-

*51%

,

Bop

? Jan

4

11,800

'

15 y4
1

f»<!

192

>105

105 "

•

59%,,#
38

*189

51%

•

157

157

:

143

i

Deo

75

; Jan

87

Apr 17
; Feb 25

28

%

63% Nov

.225

230

233/4

105

•

%

.

18

17%

154

'

Jun

25%

21

-No par

21%

Y, 47
*225%
'

Y-/~Y

26%

33/8

3%

3%

.

154

•

Jun

16%

9

3,600

Y 19%

203/a

,,V19%

YY

192

5iy4

•

YYY

24

r

225,

23 y2

SPA-

38

17%,; I73/4

y,'

;

r38%

m

•-.

57%

Douglas Aircraft

,

21%

21%

21%

45%,

-

193

59.% Y Y-: 58
15%.;;::;:>:,14%

-

14%

v,44^oj143/4

■45

,-

*189

104 25%
*108%

..

>

225

23%

/

,

45 %-

190
'51%

:

.

51%
23%

Y

-

: 19%,

226

7%;Y:

/

Jan

7% Mar

16

50% Apr

100

# per share
•xy*•:\ ;#• "titi

213/4
:20%:

213/4

Y

20%

225

108 ' 106.
26% YY-;. 26- /" 26y4

*108%

„

34%

16% Jan

Y39%M*y

Y 400

$ per share *

S per share

22%Y Y

'•;

22%
22
21-Y:.: '""Y 19%
43 yB li*,'J " 45%

22 '

226

:

50% Jan 29

10

H'P 'r Y

?

•:

24

2,300

:•

Friday '
Jan. ID

t

Jan. 9 "

Jan. & ~t

Jan. 7

S per

share

->.>• 22 ,
21
21% YY/;. 20%
* 5
42%"40% >41%
22 v Y

r

,

40%

24

'jkf

-

47% May

34% Aug

2

STOCKS

SALE TRICES

LOW AND HIGH

:

39% Mar

42% July 26

& Western.

Steel Corp.

j.'.;

Y/luhiA/Y

3

31

23% Sep

1,000

.

.58% Jun

333/4 Oct

No par

1253/4 ,
-*113% 114% Yr
*125%

Y 126

Deo

10

Mines Ltd

1893/4

187,

YY;

189

188%

xl26

.

Y 114

;

20

22% Dec

Dome

31

31-"

32

*31

31

h 30%

18

Sep

30

,

174%
111% lll7/s
Y 20
21%
*94 %Y 96 Va
*17
: 18

*111% 111%
ti 21
, 21 y4
;
*94% < *96% -

34% Apr

6

9,400

173;

177

Deo

108%

7

17

,,

.

173/4

74*

Jan

113

6% Oct

Y Diamond Match

1,400

Y, 74 ;Y

Deo

28

15% Oct

,

74%

38

Jan

16% Dec

Devoe

^1,200

,

Deo

16 V*

36% July 31

34

10

200

-

Dee

27%

May 13
31% May 23

31% Dec

,

.

Y 17%

,

*111%

115 Y

*113%

16 ,Y: YY: 16%

30%

17%

'

17%
75%

; 51

•

*173

30%
191

1893A

*50

*173% 175%

Y/f 127;., 127

115

? YiYv 16

17

*16

*113%

V?

115

*113%

Y *29%

;

126% 126%

128

•

30

; 30

v

33% ','34 ,Y,

"

Y/188?189%

;

30%

34

17%

t

r

•

30

'

75

173/4
18%
Jy
74%
76
75'" •" >,* >
177 f
1 *• 1753/4 176%
112 y y >>111% 112 y
21% Y 20%
21%
y\. 96 % 97 ;
97
,18
' 18 VY
18 Y

->174 •:

50%

30
333/4

.

34%

18%

73%

177

;

313/4

33%

31%

49%

Y

50

50

;

33

313/4

31 Va

31%

*31

i

34

33
17%

*19
Y 16% v 16%
104%:/:
"104

20

19

10

19 %
Y?
600
Y 15% .16% Y;;-.
24,800 Y
*104.
104%: :y
32
32%
.1,500 "■
*50
51
Y
V
140
30%
30%
400
32%;.33%
6,900
19%

;

37%

Oct

2,300

Oct

125

=

Apr

29
July 15
98% Nov 15

16% Nov 25
Nov 22'

De Vilbiss Co

43%

*44-

19%

17%
*1033/4 1043%

1053/4-

3a

31%

•;:••:•
:••
;■

32%

*30%

75%

*105

-

•

51

51 >•

.

.

•'.'

17%

75

Y

,

32%
33

32%
:Y 17%
•

17%';
105 VB

-

45 Y

■.

-

30% Oct

■

60 t: Oct

Detroit

44"%

42 3/4

■

443/4

_

30%

25%

Oct
NOV

f

Sep

118

Oct

75%

=

18% Jan

July 18
May 20

Dec

-

24% Oct

5% Aug

v

NOV

154.

59% Jan
/

4
2

;.

Apr

23

700

-

21%:
.

Feb

102

Y

Mar;

123%

Detroit Edison

"

17%

30

>

Sep

O 56

28

>9,

Detroit Hillsdale & S W RR Co.

3,30Q

.

"

,

jan

45

17

Delaware & Hudson
Delaware Lack

>

51% Nov;

,

25% Sep

r_.

-

5,800

.

110% Jun

——

1,900

-

28

Deo

Sep 23

16 Va Nov

-

1,000

■

25% Y-

21%.

>

30%

44%

>19%

16%

*30%

44

433/4

.."18%

30%

*50%

44

43%

17%

*105 A

i

44

19%

31%

22

11,600
V

62

'

17%

18

44%

19%

Y Y *60

4

:7%

.25%

26

62

*17%;

>

44%4

16%

17%
32

37%'iY

;.

7%

*43%

20%

105 y4

.17
*105

-"'.'31%

36%

*21
293/4

is::

*20% -22
Y30%
30

31%

31

35

-Y

.38%

*43%

44%

44%
'■>19%
r

19

*21
V

18%
38

35'.

25%
"*60 •

'

62

18

18% •
f22%'?YY

'

ll

45

44%

44 v:;.

19.'

;

62

Y 18%

31%

•JJ 31%-

."'44%

•*43%

?#43%

'

*60

;;2,900

18%

37%

7,

'

26y»

25%

Y'YY;

; 3,000

34%

>38

Y"

60

:,'

20%

■

20

Y

18

*17%

35% Y
38%

ly

113

20Va

.

:

'

38%

34%

7%;YY YY7% ti 7%iy

a

*60

*60 r 62'
> 18 ,Y 18 .r>
Y 21 .>•/ 22%:

60 ,Y

•

;

19

#38 YY

38%

38%

38%
Y 7ya
'Y 25%

38%

38%

•

18%

187/e
38

35%

V"; 36,

36

....

20 y2

3,700
5,800

99%

145

Nov 22 Y

17

Deo

*150-

?

:

-

Deo

'

Jan

34% Feb

3

v

25%

12 %

18
Sep
4
91% Dec 17

L,
1?
pfd 33A% series A
—100
Davega Stores Corp N Y
_5'
Davison Chemical Corp (The)____l
Dayton Power & Light Co (The)__7
-/4% %
preferred
100
Dayton Ruber Mfg Co
50c
Decca Records Inc new
50c
Deere & Co
No par
Preferred
.1,
,
„■
2Q.
Cum

1,600

,

25 % Dec

Jan

5

Nov

29

76% Apr 29

10

Oct 20

128

100
No par

42

:

Jan 24

28

17% Oct 30

1% pfd

8

146% Feb

Sep 11

5% Oct

Corp

Dana

180

'

•

Oct 25'

111

Mar

145%

24% July 8
82% May 16 '

19

Sep

Nov 22

60

Cushman's Sons Inc

2,300
.

45

Jan
Aug

16?

Mar 25

106

16% NOV 20
10

52% NOV

,

11

Jun

66'

18

103:

Cutler-Hammer Inc

1,000,

:

•

34%

113

114 y:

-

20 Va

Y

20%

38%

37%

•

*112

114

x20%

-

;

17%:,

33%

34%

'34%

Oct

A

Class

4,400

n

ml.

is

17;;;

17%

Y

^4

;;«#;a8YY

18%

'•17%

34 Voy,

>,'vY Y 18%
Y 37

19

> 18%

36%

J'29%; v30%

30

•

34

,

,,28

94% X'fi.tX- ; 94
18%

Y: 94%

.

..

95:

Inc

Jan4

165

10

Jan

87%

8

5

Oct

preferred
Curttss-Wright _

;

Jan.

-

Nov

NOV

-

26

i

9

28% dhn-10

35

Prior

135

*27%

•

21% "Y,"

20%

;

19

36

28

4

28%

■

;Y:Y

18

-.-vr .Vv*. *112

113

•:

113

Yy

-

347/a-

>'

34

,

v-

28%Y

17%

is ,•

28

94% V

19

18%

19

18'%

/l9-%

*129

-

160

> 35%

Deo

112

124

Dev
Oct

106

46% Jan

-

9

10

30%

Jan

106%

115% July

3

Oct

•

20%

'

Apr 12

54% Feb 16.

17% Oct

22

$7 preferred

;'

12,200

5%

•

19

19%'

19

19%

"*18%

33,200

'

9

88% Dec

Cunningham Drug Stores
Curtis Pub Co (The)

i.ooo

19%

135 "

2

Inc

Press

Cuneo

i .110

J.5%

197/s

19%
*129

28%

93%

;.:

6,

5%

?

67

65

•

67%

67%

19%

V;Y.T ?.■ 28%
yy *94 .;

28

27%

'

'93%

i-y

93

120; •

*117 * •

Dec

29

•

700

10%
•=•:. 9%
*116% 119%

10%.;'.'10%.

•

*54

150

preferred.

4%%

400

}■>"":

18%

*54

135

28

28%

•; 100%.

99

;

5

10

'

-

Highest
Sper share

tper share

12

110% Feb

Sep

Cudahy Packing Co

M# >3,400?

43%

40% Apr

19

110

preferred

'7 %•

10

170

share

Oct

Sep

Cuban-American Sugar

'■3,800

y:

19%

60

6

>

19%
*129;

135

28

-

■5%

6%
19%

19%

*129

;

28

68

840

?

y

118%
68%

116'

69

3,200
v?;> 700

;■ *165
42%
vv

100y2

•Y?

t per share*

25

$4.20

:*i

400

-

33

30%

.

19%

•

5

v

'*

Year 1945

Lowest

103

preferred ?,
*
$4 2nd preferred
Crucible Steel of Amer.
* ' 5% preferred
Cuba RR 6% preferred

'■

60

,91

30%

•fc.

J

i

.

?V 18

;

*54.,Y 60 Y
Y io% • io%

■

118%-

6
1

19%
135

>

10%

io%

6%

6

*129

28

26%

69%

*68

19%

20
135

'*27%

*116

69%

57/a

5%
*19%
*129

60

118%

*116

118%

r. 91
,*31

20%

*99

18%

•

126

*17%:--is

•

,,-17%

17%'.

17%

60
11%

.

"116

"

103

*99'

103 /:

*99 "

*54

*54
V 10%

60

"54

45%

44%

45%

99%

*17%

V,

*165175
44 <f~" 44y4

44%

43%

108

126

-

!

*98%

*

Y-Y?

32 % •, 33
20

1

175

*165

t per

Zellerbach Corp

Crown

7,000
r'

Range for Previous
1 •*■•'•

Range for Year 1946
Yi Lowest
Highest

-

Shares

*

32%

*107

91%" 91%*

20%

20%

21
165 >;v

EXCHANGE

■

'

,

share

32%

30%. :-31

■.i
.

33''

*32

$ per

>

•",'127.'.\ 127

30%
90%-

90%

;
5

165

165

*155

; 175

128

30%

30 >/4

33%

;

128

108

*107

108

,

92

21N:,

43 Va

/.

20%

34

*155

Y
^

33%

32%

.

31%

30%

.'*91

92

"33

*105y2

*106

108

*123

128

"123%

30%

30%

>90%

...

Jan. 10

V

share

S per

33%

32%

the Week

STOCKS
YORK STOGK

NEW

Sales for

•

$ per share

$ rter share

32 y4

*105%

Jan. 9

Jan.8

V,

li '

Friday

V:

Thursday

.

'

32 %

"

Jan.7

Jan. 6

-

S r«r share

...

Tuesday

1

>i

.»•

.

SALE PRICES
.
Wednesday J

LOW AND HIGH

Y.& 60 / Oct
v,i

38% Deo
111% Nov

107

July

41

Jan

53

Oct

16%

Deo

18%

Deo

~6%

Mar

13%

Deo

59% Aug

80%

Jun

44%

Dec

25

Jan

25

Jan

14

Apr

/

.

,

43% Deo
27
Deo

?•-

>

'Y*

"V

Volume 165

Number 4559

«

YJ-I/SMm>* z--mnr:*cs

'■-■■■

NEW YORK STOCK RECORD
Jan. 4

,

I

;

I

Jan. 7

# per share

46%

17 %

>36%

36%.

13%

16%

17%

18

8%

14

18%

111

50%

♦108

so y2

17%

77 V a *

/'/ 13%
.7-76%.
>44%
"

t

45

28%

78

28 Va

>159

"'.<-44%

44%

44%

>49

128%

54/54%*
126 %

126'/a

v

:102%

102%

19 %•v-urf;*,;

;;/i.l6%=16%
28

28

139%

■■til" 5%:
7< 24%
>32%

33%-,

33%

*118% 119%
>28%

:
.

.

29 y4 / i:
106
i:.: >

*103

,♦35

36 <7

'

ioo.

i,

»

*3%

*4

"29%

33 y2

^

<

X31

36
>97

-

Vv-

;.

31%

103

:

103

"

7

47%

47%

*54

/

:

57

48

•54

'

57

6%

</ 103
54%

'a
107%

,

23%

r

5%:

23

5

^

>6%

J. e%4
41

<$t< 41
71^,32.-.;

ife

^

137^;. 13%'
32

>102

102%

v-y.y'®..'.'-.y:.

.13%

>

7/ ,6%/
41

31%
102%

•

f1
Jo I®
32%
102%

13%
113/

J1
13^4
317a

"•63% /
70

;>'»

13%
13%
34%
33
14 7a? JSR- .^4 %

•33.4.1
74%

13%
32

70

>63%
'■

20%

70

?'70%'

"

70

;>#;77.71%
19%; ;;*i9%.

^>'.19%'

,

.*63%

71

;

-

•* 12

%

6%

*39
1

•

/

<

6%

■

4074
137/a

32

:Z4%%
4% %

40

374%

5,000

•—.$5

6,900

:

13

74

19
;13

1 on/

y4

457# ;. 467/a

19%"

>19%

-'63%

70

73%

'74

-

*IV

20

'

•

>62

!

.

24%

25

.7%;

??

<

'

>102%103%

w*

'

>88

'

8->?=?:

89

Jii-

*88

'2%

121/4

24%

"

60%

y "'
M'v
"
t t,
Saturday
Monday.,, ;
Jan.;4, pppp- Jan. 6

60%

60%

;60%

€0%

30

Oct

104% Sep

7 36% Oct

53

Nov
Nov

22

50% Nov

Jan

Preferred

713% Dec

.,,7-

158

„7.;lOQ

55

.

Oct

Guantanamo

102% Oct

Corp..

Sugar

23% Dec

common.—1

$5 conv preferred—

No par

fi®; $5 preferred
Oil

Sep

21% Deo
33% pec
109% Nov

Jan

/ j;'.

•

'

14% Jan

/4 7-'

Jun

14 ;,v

46

34% Jan

28//'

28%

5

Jan

\

*

/ /"

til 7Apr

7

52% Apr

V

May
Oct

"86

il

Dee

'

1

■.

,x35 V- Deo

/;

22% Jan

4

13% Jan

25

108 ?

9 7

31% Oct

Jan

25

"78?»-Jan
78

10

12%

Oct

82

7

30% Jan 28
13% Dec 31

108% Mar
55% Deo

!

5% Mar

V

100

.

Ded

.,

30%

14% Mar

,

% Nov

ZZ" 75

5- < 104% Jan
,/ 26 y» Jan-

19 7
27

39

"'.;T75

52% Jan

31

7

65% NOV

•'

.

V

i' 21% Deo

•:

/: Aug

7 161% Mar
64
Jan

17

54% May 28

9% Sep 19
12% Dec 30"

56% Sep

*

Sep

14%

30

20% Dec

.

v

7

-No pat
-25

Corp..

30 ?

6% Oct * 9 7
80
Nov 22 '

par

Gulf

;"2% Aug

v<7% Nov
53% Dec

25%

105 V May 20

*

Gtllf Mobile & Ohla RR______No
par
/.Common when issued
-No

200

Jan

Jan
Jan

5%

•

26

Oct
Deo

•

.

Oct

3Q/ >

Dec

64

21 ?

63%

Nov

105

8

.

61% Nov

74%

105 y4 Mar

'July

4%

13% Dec

31-7 188% Apr
.79
Feb
15

Oct

/

Oct
Jan

Nov

40

19

3

Feb

21. Feb

;4o% oct 10 ;

7%
165%

115

7

35

7

22% Nov 22:77

Bay & West RR.
(H L) Co Inc.*

Grumman Aircraft

I

8,900

112

May

Jan

18%

19

40% Jun

.,

31 7

20% Dec

'

;

26
29

30% Feb

11,200

59% .60%

9

Nov

57

Jan

July

12% Mar

30 r<

12% Jan

Nov

Jan

107% May
y

54% May 10
27% Feb
8

12% Oct

c

Deo

104% Dec
7 39
Oct

Sep

•

48

:

7 16

9,7.:/
4

28

/

Deo

105%

47% May 14
V-25% Feb
88% Apr
3 7 ; 53
July
107
Mar
6
102
\ Apr

18

101

No par

26%

Mar

4 7;
25 y4
May 10 ? 7 52%
8% Jan 29 a / 3%
151% Jan
8 ? { 147 y4

Feb

100

Ore

Deo

59

5% Oct 10

:

111%

96

?

43

5
—

Deo

Jun

90

May 17

19% Nov 21

30% Mar

Mar

46

107

,

21

7,7 5%Oct

Deo

111

Jan

13% Mar

9

/ 77 - Apr 10
.105% Sep 73 ; 7 113% Jan
3

No par

;

;/

100% Sep 20

No par

Co...

~

38%

Aug
NOV

26

?

,

22

59 V2 Nov

•

14

27

44% Nov

56% Jan

6 7 7'
'

116

Greyhound Corp (The)
4V<% preferred.

-600 1

j

30

Dec

Deo

133% Deo

10 f

73 y2 May 19
106
Apr 13

5% Nov "21

31

Jan

105%
r

42% Apr 18
108

5

32% Nov 21
100
Oct 10

Greenfield Tap 4 Die Corp.

80

;

4 7

Jan

Deo

/

Mar

27 %

4

118

34

Jan
■

Oct

140

?,■: 8% Dec

Jan

21

14?

15

22% Jan

3%

17

Feb
Jun

19

Dec

25% Mar

60 ;

Oct

Mar

,23

Feb

123

19

46% Apr

130

Jan

\

99

111..;

20/

102 % Dec

.

10

Sep

preferred

Iron

Jun

10

i

July 10

132

May;

125

,

<49% May 21

26

32% Nov

Green

*

47

10
25

i

&

89

14

Oct
Nov

i

4,500

>

■P

03,

8

Jan

3,100

77;;r250#

"#'V?

253/4

Nor

Green

It/

Oct,

24% Oct

•7

// Great Western Sugar—

ilO.400 4

1?% ?®%

60%

Deo

:

Prop...No par
Great Northern Ry 6% pfd—No
par

280/,

?

50% ,60%

46%

300

51%

,36%*:'38%

26

-73/4---'

-

89

;r/a

-

Jan

Razor

.,

.

24%

7%

89

j2j?'

/

"-••71

36%
37%--v 36%' 37 :
..*102% .103- •
'
102%103%

69%

-

5,900

•

V?

*

' P M

lo

■'

'

.

7 Great

5,700

Iy2 v26y8 /"'7
j,.
1M

Deo

28%

Graysoh-Robinson: Stored/Inc.yi-.l.:
12% Dec 31
,/ $2.25 cum. conv, pfd._i_
No pari y. 33% Dec 31

560 ?

467a[s'

Deo

5 7

23% May 21
48
May 31
150 !
Apr 12
7 11% Feb
8 I;
7 26 V2 Jun 10

96

Steely.

Dec

7%

102 Va

City

Deo

77%

y

36 y4

29

(B F) ^om—i..No par.

(W T)

.Jan

Jan

32

Co

3% preferred.

1,900

§5^W29^i2&m:'&&
75%

Grant

50

2,500.

/•;>

7^ 3, ^
'14%

1474
47%-

*

'

62

Mar

Jan

101

convertible

Granite

4 inn

123

1%

.

preferred—No par
Hosiery.
No par
Graham-Paige ' Motors
1
Granby Consol M S 81 P
5

1,300

31

Oct

v

22%

1:
20

Co__

5 /

134

114%

14

Feb

Aug
Aug

15

105

Union

40
43 y4

14

7

Grand

May
49% Sep
66
NOV
52% Aug

7% Jan

Gotham

700

;

127

8

Jan

172

Jan

40% Jan

4% Oct. 9
20% Oct 10

No par

7

2,100

37%

6

21% Nov 21

137

/.>'.•$5 - preferred—^No 'pan
Goodyear Tire & Rubber—-No par

6%

Oct

Oct

153

20

/ /

$5

8

31

7

1,200
600
70,200

;

Dec
Dec

36

,

27% Mar

8

7 80% Feb

24% NOV 22

200
13,300

5

27%
15

Jan
Mar

Feb

Goodrich Co

120

103

19,,
13%

33

?

Deo
Dec
Deo

Apr

..No pan.

(The) 7

conv

17%
,6

8

123

30

preferred

Co

4%%

Jan

Dec

14% Oct

preferred

Glidden

Apr
Feb

.

56% Feb

,

10

Brothers.

$4.50

160%

;

29

Goebel Brewing Co
Gold & Stock Telegraph Co
Goodall-Sanford
Inc

3,700

; 3,600

607a 7

;

1007

s

Safety

conv

Glmbel

Dec

Jan

132

•

preferred
preferred

Gillette

100

7,900

109%
61%
.14%
,185%

Jan

8%

103

No par

Rubber

&

Apr

49

21

Nov

—5

Corp—

104%

24

15

ii-i 2% Oct

Corp

Deo

124% Nov 29 '

preferred

General Tire

20

"

40%
13%

12%

Shoe

Deo

24%

54% Aug
135% Jan

Sep 26

10c

10c

80%

Jan

101% Dec

.No par
.No par

100

Telephone

10

47% Oct; 30

.No par

i-

Jan

12%

30

Dec

52

30

10

Corp

182

17

Dec

114

Utilities

&

8

3"

Jun

Dec

,

7

39 Va Oct

Gen Time Instrument Corp

3,300

567/a

102%

24

Oct

Deo

58

58

16% Apr
9
90% Aug
5
7 47%
Aug 12
40% Apr 15

12

42

Refractories

General

—

'

6%

103

19

14%

1

21% July

: Nov 19,

126

Gen Steel Cast $6 preferred

<

300-

r

40%
13%

32%

>102%

.71% Apr 22
14% Apr
6 r;'<
200
Apr 29
28% Apr 27

156

Equip Corp_.

General

40

'

"

*K>6% |08
'23%
24
574
5

•

11

X35% Sep
27 3A Oct

common

General

2,800;

103%
\

Sep

10% Sep

.8% Sep
74% Dec

29% NOV
28% DOO

Jan

51% Nov

141% May 28

4

Apr

7%

48

Dec

10% Deo
19% Nov

16% Mar

May 29"

67 V2 May 29
24
May 28

4.

-

Jan

14%

15

109

.13

preferred-

Realty

Jan

17

Nov 25

7 33% Dec

Railway Signal

Gen

2,300
*

.

.

/ ;.:42

60%

;

311/2 '
* 4,300
67%,.7,800

'

Deo

Jan

Jan

5

29% Jan 29

10

<

Utilities

Adv

Precision

22% Jun

9

Dec

7

series.

Public

,2,700 ?

.

f

120

557/a

6%

4074
13%

>63% 770

;

75% ^

»

S3? 7^

13%

"

-

6%

>102%

107
107
23% 23d/4
5,
5%

,

-

120
31
66

5674

102%. 102%

32

4%

-

31
67%.

56

103%
55%

.13%

i47a^'K>V'j|
14l/af.ff*uy4

:

30%
€7%

103

13%

37% ; 38
-37% 38%;
-37 - 37%
/ 102% 103
v
-182_103 „'/ * *102 *, 103 *
24'/2 .24%
r25y2 7
*7% •• 7%/
'/-77.?%' ■ 7%, !
*7'%
77s
?//„ 89% 89 %,/ -*""*,89, -v 89!. ' ■ ,89
89
♦13% „;i3%
,

123

12 Va

4%

8

No par

$3.75

Outdoor

Gen

57

13,

*

20%

>120

Ve

>102

33%

147^^014%

46 ^

71

"

1201

Deo

16

31

?

preferred

Gen

.

10

46%

6%

NOV

0%

2

26

Sep

X170

Service

9,800

v

tl

4574

$5

Preferred

•

19

Apr

;

Corp

Public

■

•

37%

*55

.

6%

61%
38

'

15% May 28
11% Jan 29 "
21

Jan

common.

Gen

>1027/a'105

47

Mills

y/

10

?

Co

Gen

97

miA

Electric

Foods

10

Dec

Amer

700

3674''

36%

Jan
Deo

1

104

Gen

>105% 108

57

6%

41
13 %
32

159 % >

.

'

T/0

1So7^2 l°«Vh
Vlf 2lu
11?
6%
6%

47^^JO;^^574
'//; ^25%p26^;^M^.: 26*

>>f25.%'t'26
159-

•6%.
41

137 a

.-•>14%73.14% :
>^45%Xf45%f
*

47
>54

57
,

::

13%.
34%

*33%

" 5%.

:

.

■

'

?i
%/
\t
6/»

•22%/

.5%.

41

47

4
-

ioSy"

55 A

7

107

137a .713%:
3f
31 P
>102 : 102%

u

*54

31%

37%

>10278 105

««v

23 /

..

31%

37V4

July

78

f

106

97

84

35

18

./,. 13%

General Motors Corp

1,200

*106%; 108%

98

>105y2 108

IIY? 1$?
WinSv WSs^^!JIV4
182% 103%
*102%

1077a

5%
6%

31%

J®

4

iV9

10374.
56 ;, v;:

547/s

108

>22

>

64% * 657/g

55

•107

>97

#1?L/ 10An/a

120^ 19?V

.

103

* .107%

*106
>106

"
98

Jun
-

23

15

preferred.

3,400

35'/a/

36^.

,

Corp

2,900

30

>103

23

77/a Dec
3'
38
Dec 31

preferred

conv

General

,

32

,;:-v

"

t8

57

'

37

*

%

<

357a

*28%

'

106

37

.

preferred-

General

3,100

.

.

57a

-

$ per share

27% May 13
48
112

14% Nov 21

:'v 5 % preferred
8%%
conv
preferred

900

-

.

119

35

30

*103

36 J/2

'^li? 108
36%
37%

2pi/

4,ri'4
54

'

6%

>121% 124
/
7 31%
32 y,/,:

65

X.32

121%;

>28%

107%
107%

35

Highest

$ per share

3

17

Co

Container

/'General

52,700

24'/a

'*116.

35»/2

,

Jun

Oct

7

(The)

preferred.
7? 4% conv 2nd prelorred
General Cigar Inc—
77). 1% ' preferred—-.

26,300

"

Sep

7 ?' 8% Nov

4%: 1st

.

"■

*

130

r

Hear 1945

18% Sep

•

16

>23%

36%

118 7 7

35%

28%

31

^L/

471/

34%.

...

106

*97

24%

-

26

710% Sep
7

Transportation
Baking_>
$8
preferred.-;
General Bronze CoipGeneral Cable Corp^

1,060

29

5%
:-

61

3

Nov

99

General

130

4

.

>136

5V* ',

.117

-

28

V

103-

47%

•

121%

*;

\

Gen

! 13,100

23 Ya

'

Co

conv

$4.50

2,800

?

'

18

15%

';7...

139

;•

24%

•

35%
>106

200

80'

127

*37a

-

16%

57«

...

33%

*103

n

7*136

357a.;'.

28%

:

-J

157/8

,'

•

118%-

'

31%
4

.

■

98

t

,'

31

•105 / 108
,105 ;;f;
39%; 39%
/
38%
393%

•102

'

'

%

102%

-

23

4

via 29% .7:29%

5%

■35

107%

:

105

V:

:

18

Range for Previous
Lowest

$ per share

28% Nov 22

Gen Amer Investors

•:/

55%

102%
■

23%

*37a.

24%

33

v,

371/4

>106

98 t

%

138

—

57a

33V2

23%
■

29%.

.

-

.tS* 106
tS%
*103

;

|

31%

2374?'

• 29 y«
138

/

V

ll£t? HS&
35 /4
35 /a

*106 ;v 107%

; *97 ;. 98
V31%

1874

-3% 'y.^3%

,

4%%

5%%

37%

1267%

102%

16

common,

common.

Gaylord

160

54%

127"

•

45% Sep

(Robert)

3,100

13

367a

55%
?

1874

24%

33%

37%

55

7127

16

f'

Highest

I per share'

■

erred

3,000

77

160

10274

157a

139»/2
5%.
57/a

:

547/a
127

23%

29%

'18

12%
77

.162

7?36%

18%

.

*138

yy

•159

,

102%

.

,

'

-

Par

Gar Wood Industries Inc.

X10

? v ? 18

137a

.

Co

Gardner-Denver

600

1774

"17274 172% '"7

187a

18 y8

167a

,

24%

s%

14% v 14%
*108
110

77% %

102%

187a

i,

Vr***v*¥

Lowe&t

..

Co—.——
10
Malting Co lnc..l

(Thej

I*».c

ptv.

Gamewell

29,200
45%
%45V4. 4574
i3 "44% "45- >M ' a 4,900
50%
*50
51 49%
4974
'
1,100
1281/2
V .128% 128%' ■'-••'
129 7/129.
f ..." 110
120
J,; 116
116
'
♦115%'* 116
/ -7;7:;; -600

5374

yZZ;:7*i26%

187a
2374

'

,

>115%

557a

•;

,

*119% 121
;
,.35% 35%
/ 29 y4
29%
*103 ; 106/
y
36
37%

y

106

v;

*126% 127
102% 102%

,•

139%
6

120

•

1,100
3,000

44y4.744%V./7744 •>/44..V'#1,100
*29%
297/a' •'
29 /
29
7; 1,300

37

X49%

128 % H-::l * 127 :

24%.; 24%

;'T\;

'7.,34%... 34%

J

7.29 n

5%-

5%

'51

;!

•

160

369/a

45%--' .,45

54%

-

16%

Z >138

24%

;

v

;

:-4*V

29

„

*138

,

;y:24%

16 %

172?,'.

:

187a

29%/;??;

160

'.

'

44%

29

/

37 Ya

157a

24%

3%

*

* 127

f:

702%;
19%.

19

.24 '
24 Va *'*.*•*
„Z 3% / 3%

29.

m -♦115

55%
127

>126 ?•

102%

*,19'/a

-

:C:/44%

160
,

50%

H6

53%
.

28 %

36%
44%

•-

,

128%

#:U0./Z

.

44%4

200

18%

>100

&

■

-

Galvln Mfg Corp_

2,900

-752% ;,77yl 51% "v53y2 i
3,500
117a
12
1 '' i ll'/a' -ll'/a
?>'!2,900

-

-172

13% IS 7127%
7774;// 7 77 %

77%

•

i',

Range for Year 1946

....

preferred

Co

Co

6%

7? 51

-

Vb

172

13

,

16%

,y,,

109

137/a

•.

Gair

3,700

3974, '3974

14%

109

76%

v.

160

b

so

♦127

116 y*

„

12

14%

-

50

;'

/"'-i
*170

/•

„.

Gaoilel

18%

17%

*

Trailer

cum

3,800

21

8%:

7

Froeaert Grain

Fruehauf

2,400

•>16%

40

18

7v/--'

45

/■/so/-/

50%

:

.

116

.

J

y

vir'i

•

>127

50

t

12,

-W*

,•

yV i'Aftv

13%

97/8

17%
17%
>102 ./. 117

Ill

'

••

>39

14%

Vj\

STOCK

YORK

/'

4%

97/a

.

8 7/a

i8%;%7yy-17%

44

.

37

•y:

14%

■

221

3>'1h

EXCHANGE '

Freeport Sulphur

210

,

:; 7%

18%

13%

162
.

H'..'

;

17%

:: 13

17

85/a

-•

117

•108

172 ;•;

>

76%

,

/ 28%

36:%

s;-j

-?7;7

•

51%

;

V

18

<•

14

♦159

35%

50

40

17%

14%

100%

/;/■ 67a
/ 2074

10,

18%

8%

>100

.

111

>169

44%

28 y4

V,

162

.35%

/

78%

.«■;

44%

•

18%

;(Y

19

' 36

.35%

'

*16%

*

-

18

3974

//v/y 127

r

18%

\

18

114

-1874

,100%

2074

10

17:

*16'/a

;

39%

14%

20%

10

8%

17%

12 ■&:

7i 18'A
13%

is »/4

*108

171

17%
13% i

v

16%

>102

51%

12

•171'':

20%/,'

NEW

•/'

2,700
,'*1.600
; \ 3,400

"

9%.
-

1

36%

: *".vv>
13%
13%
77a".":"* *,7-71/3 t?
7%"Z;

•

'

87a

14%;,..

50%

12
7 >11%
>170
;.*72

"10%

*38%

111

-

•

-

-~101

Shares

467»

46%"

13

7 7%
:> Z * 20%

8%

117

14y8

Z

21

18%;

36
101

f per share

//.'

48

18%
'

/

the Week
.

t per share

18

Sales for

Friday
'Jan. 10

Jan. 9

\47

36

'7

18

18%

14

>108

d

100%

Yur?

7%

16%

■'

39 y4

•102

115

17%
100%

13%

lo%

"

9

39 %

17%

>100

;Z

ie%

18

39%

Thursday

/

.

46%

35%

101

21

:/

.

io%;

8%

>38%

.

10

18

1

13Va
■■><7%

18

8%

•

>100

16

18
7
11

:

9%

21

!

17%

46%

36%-' 37%

7.

7%

>20%

Jan..8

I per share

,

STOCKS;

'

'

13%

;

7

'

\< 47%

47
<

100 7/8

13%

.21

V'v': 9%
7,*15%"

37

>100

7% > 7%
?; 21

;

17%

37%
101

,.>12%
:

47 %

'• 17 '/a-

•"

t

PRICES

.Wednesday

Jan. 6

46ya * 46%

>100

Tuesday

tver share

per sftare

->17 ?

HIGH SALE

'

LOW AND

7v Monday

Saturday

m-%

THE COMMERCIAL & FINANCIAL CHRONICLE

Deo
Jun

,

58

28

May 31 ;...

Jan

49%

L

?•

Jan

.

82

Jun

61%

Doe

_

I per share

jpp f

*37

39

>17
>

'17

s

717%'

*18%

.

'

,.

187/8
? /

7*10877 no
*107

*108

'■§

7

160 -?/'■

/ 23

,*38

39%
%'&■ 9 %
99%'' 99%

'

♦87a

7t'
/■

6%

*100

31

41%

41%

>107

*63%
*165

18%

64%
/'

18%
57%

.

.

.

107

107

:•/ 64%

64

''

172

>165
?

19 Va

!

56%

%>

134

>132

;

82

>78

V

■>
29%;

>29%

131

29%
26

7

24%
36%

>25%

"

88%

27

>28

77
,7;

.7 30%

>17%
>24%

:/

25

36%

30

102-

88%

■

?'

38

16%

>18

51

;

30

51 v*

"

30

>100% 102 7'
7 87
87%.

For footnotes

see

page




227.

7?:

*165 7

>107%
?•

'i

160

tfae

pmprpp'

stdCKS

•NEW

Week

r ni

YORK STOCK

Range for Previous
Year 1945

ZZ^-Z?

Range for Ye&r 1946 '
Highest p

EXCHANGE

t/S /Lowest*

Shares

57 7

>132

;

6%
35%

38%

/$ per share

:7 7
7

7'7

63%

134

128%

>25%

27%-*

>28

29%

>17%

24% '
37%

17%

17,%

24

37

.

.

150

>63

18%57% 7

'V

Lowest

? % per share

«

//■;,/?"?;• Highest

f per share,

-

$ per share

'7-7 70;
35°

18%

800

131%

>79

„

•

82

*128 7" 131

28%

31%

>30

27%

"26

29

27%'

100

;

7':

283/i

31%

70
150
600
200

26

300

27'%

800

187/«

>24

24%

237/a

24%

700

37%

36%

,37%

3,800

37%

>17%

7%

J)

,

cum

(G

19

28

16% Jan

16

106% Jan

24

60%

20% Apr

?

x30 7;

7%
9%

101

preferred

Nov

31

103

W)
preferred

46% Sep
130

Chocolate.

76

123

10

Jan

26

Nov

i

Holly Sugar Corp

18

7

Dec

71%

92% Nov

Apr

189

Jan

170

22%

«

39%

Jan

Aug

138 Z

Dec

July

Feb

2

72

Feb

21

123

Feb

138 * 8 Deo

21% Aug

32 "v Dec

x43

May 31
41% Apr
6

:

Dec

103%

130

3

39% May 13

/ 25

■

-

Jan

>

32%

Dec

26%

Jan

17

7N0V

33% Nov

Jan

23 %

90

NOV

37% Jun 74
40

May 22

34% May 10

11

19

May

,

146% Jan

Dec 16

22
Sep
34% Sep

Mining

Apr

106
,

Dec

17

139 t,

18

21% Sep 11
22% Oct 10

Holland Furnace (Del) new
Hollander & Sons (A)

9

,72% Apr

30

/

3b

+

2/

Aug
38% Jan

<

-14
v

20% Jan
100 y4 Oct

10

Jan

192

11

Oct

26

Hlnde & Dauch
Paper Co
Hires Co (C E)
The

Sep
Nov

5

90

28

22

Inc.

Dec

105% Dec

18

17% Nov 25

$4 conv preferred

Homestake

Dec

44

61
Oct 30
169% Dec 12

MotorsHercules Powder...

Hewitt-Robins

109% Mar 26

30

41 % Dec

preferred

Dec
16% Dec

6: -Mar

May 23 7

Nov

24

51

Dec

14
104 Va

Jan

22
28 ?

Dec

Apr

43 V*

Jan

157/b .lan

Dec

155

Oct

98

Jan

29%

Oct
Apr

36

CO

non-cum

Hershey

22

Oct

110%
7

Jan

14

Hercules
5%

152

Aug 21

Sep 25

8'/' Nov 21

"

n

>17%

t

>:S?

3.65%

/
May 29 >

170

18%

Dec

121

Dec

105

Jun

;/ 43% Nov
27% Dec

103% Aug

April

109% Apr 13 ?
34% May 28

5% Nov 23 :

preferred

•

"

/ 28% Nov- 22

(H

Helme

2,400

*

.

29

:

600

7

64%

56

131%

130

Heinz

Jan

Nov

29% Oct

Co

3% %

1,900

9

8

Hayes Mfg Corp_._.
Hazel-Atlas Glass Co
Hecht

19

99

Jan

15 V*

,

119

16

33

20%

8

39

Jan

1

24

Oct 73

151% Nov

33

Aug

26% Jan

9

10

20% Sep

preferred

<40% May 13 /

1

Oct

103

Hayes Industries Inc

400

Nov
:

105% Jan

4%% preferred (modified)

172

>' " 18%
7
56

*27

37%

preferred:

3,600
1,600

42

107

>165

*30%

24%

conv

Hart, Schaffner & Marx
Hat Corp of Amer class A

7 200

7

77./?:

101%

107

"

193/4

1,600

7'

"

29;:
:

>41%

•

*25%

"

193/4

>100

63%

'
'

6%
.

/•; 7353/4

;. 29

83

>28

4%

15

17% Oct

(M A) Co $4.25 pfd
Harbison-Walk
Refrac.

3,000

132

130

28%
32%

35

Hanna

63/4
>35

172

132

7

28%

7

30

42

>81

>30%

100

*

?'7/; 1,900

^9.777 9%

Water

(WF) Printing Co
Hamilton Watch Co

:

38%

*99%

107%

18%

80 %

'

29

'"'*56%
7

38%

7

101% 7

63%

;■;?

25%

7

35%

>165

573/4

v

Hackensack
Hall

500

78%

>107%

172

110

6%:-7 67/8

35 V8
29

107

128%

7

7

300

1,300

,

•107
108%
7: 22% 7. 223/4
*153% 160

2377

39

8%

7

17%

♦108

108%

22%'

9";7.-7?;

29

38%

17

;.,'-7;'9%*?:*' 77y>9'7)'?'^9%:;
100 7 " 7*99% 100 77

80%

29% '7;
: 31%

'738%

:.7i-i8%77l8%/77i:;7;

*153% 160

39/7.7'

7 / 718% /18% 7
'

39
.

%/7 >100
42% 7 ?' 42

/; *63

■"

37

.

j

t per share

.17%
173/4
-18%
18%*108
110
•

<? 101

-77
"v:

24%

56

;

Jan

11

17% Jan
42

Jan

35
•

I- Nov

60% Jun

'

7

51;

51%

30

,17

>100%

102

*87%

90

.

17%

' 51

.

30

*

••

■

130

•'?

313A,

;>28

18

♦100

1327/7
82 "7;

,v; 25%

30%
19%

36%

;

,

7-130

29%
31

30%

16% <> 16%
>50%'/ 51
•100

'

197/a
24%

*18%

'>29

31

.•?'''■:

"106%

19%

1

'J.n *Q

7

.

57

56%
>78

; 131%

>28%
7

r31%

•247/a
30

134

38'/a

,P3S^
29 7/

63%
172

.132

22%

::/7;. 7/42'

719%
'

'

7101777;:

63%

82

*131

6%

?

134

*79

■

29%

♦165

19%
56%

>132

108%

22

♦99%

42
107

7?7

>107%

35%

107

:

110

:/ ;4 9
7? ? 6%

29%

/ 101

187/a

9%

;/:p. 41417a7//^ 41%

172

>56

.

17%

*153%

9%,'

35

30%
xlOl ',7101
/

Jan. lO

share

*37

17%

99%

.

6%

35%

-■'$

>108;

108% 7

97a
99%

.

Snlesfor/

Friday

/

*18%

.

.

39

9

*29%

7

,

110-

39

9%,
67/8

6%

f 35%

102

*106

9%, 7
99%

9

,7?

;

187/a

,

.99'

6%
35%/:'i
'

17%
•

*107%

.

('J,.

•37

2323%
*153% -160

39%

$ per

H
39

»18 %?

,

/; Thursday/
Jan. 9 /

OH

;v

n

*37

*108

23 '/a,

i /<
-K

108%

••

35%
*30

•

9

jJan.'Sq
9 per
^

*17%

'

160

39%

9

•

■

110

♦153

*t|^6dneojUyct'y

*

187/a; 7

77*18 %.
7 >107 %

108%

77:23

23

•153

37
17.

a..-./*.

Jan.
f

T37

Tuesday

f per share

'

.

.;

-

per share

•

51%

"17%

.

'17%
,

'

51

51 "•

.16'A

17%

4,900

Houdaille-Hershey

50%

51%

293/4

30%

1,500
1,000

$2.25
preferred.50
Household Finance com.... .No par
3%% preferred.....
„__100
Houston Light & Power Cq. .No

.

30%

*100%
7

873/4

307/a
102
88

•

7*30

'*100%
88

31

102
88

-

>100%
88

102

89

-

800

com.

.No par

par

12% Oct

30

28% Feb

6 ?

6

52% Apr

22

16% >Jan
55% Oct

10

35 % Jun

26

25

99% Dec 13

111% Jun

20

46
27

NOV'

Sep

78% Sep

23

,

96

Dec

9

Aug
102
Sep
66% Jan

25% Dec
63

v

Nov

29% Deo
109% July
87% No*
"7"

1947

Monday, January 13,

HCLE
FINANCIAL CHRONICLE

THE COMMERCIAL &

NEW YORK STOCK RECORD
Saturday

Monday

Jan. 4

Jan. 6

t per

33%

27

*26

27

19%

26

26

34%

35

.

36

34%

34

share

ia%

:

19%.

19 1

19%

.

;

,

'

13

41%

41%

41

17% :

17%

28%

28%
>

'". 6%

6%'

28%
>;> 6%

40

17%

17%
28%

g%

>

6%

6%

:300

0,

'

28

;/•

6%

-

*38%
*45

48

*46

94

*90

94

*16%

17%

46

4 7 3/4

*90

8%

29%:
12%

12%

>

40va

•12%

12%

*12%

40% "40 %

7

*125

;

'•

*178 ',.'•

33

26% Aug

9

34% Mar 25

14%

7%

15%

16

7%

*7%

-

*5%
•

i

10

5% Sep

9

30

.

' "A '• / 'l

4%

4%

35%

103%

103%
13%

135% r

51%

53% >

...

4

38%
16%

*16%

16%

*40%

41%

>
'

j

41

*41 %

•'•'

%••;:'

23%

*143%' 147.

39% H'T
X.

*101

101%

>51%

*51%
54
*109
1 "111 ''

7

.

53%
l

*109

111

*132%

135

*121%

>7

135

62%

*111

*130

146

C .;7% preferred;

1,600
;•

'

10-

26%

25%

27

28%

:

*111

*130

146

Dec

37.

99%

...*.1 •'

35

.-*99

28 Va

-*90

28

27%

-

,

300

.

21%
26%

26%

*50

52%

21%

*20%

*25%

*20%
*

'v

*15%

.

>

21

26
*50%

26%

16%

16%

16

>

14%

50%

50%

*41%

43%

*42

23%

23%

24

51%
>

>

108%

109

53

*52%

52%

24

23%

> 109

*20

27%

15%

;

"14%

14

21

26%

52%

16

r

23%-

203/4

27%.

16

•

16%

•

52 V4

>

85

*82

15

14%

15%

15%

16%

15%

50%

52

49%

50%

50%

51% "

49%,

44 - •:

43%

4334

*41

23%

23%

23%

*223/4

24 ;

109%

109 Va

109%

52%

*42

44
24

>

.

;

23%

.

109 %

108%

108%

108%
85

85

'

17;/

18

.7

32

>32 :>.

32

35 %

35%

"\

' r

49%

50

•'

*49

50

49%

'

50

1 '

82

50%

49%

493%

49%

49%

"

49%

84%
32 ;:x
98

*97%

100

.

350

35 %

36

49

50

49%

20

2,800

49

>

> 1,900

i't

(The)

Kroger co

1,100

49%

"..■■■'•■

/

•'/'

•;' =

v

Saturday
Jan. 4

;

,

share

i per

$ per

f per share

i per share

-1

Jan. 8

Jan. 7

Jan. 6

: •

•

Tuesday

> Monday

,;

,

Friday

Thursday

Jan. 1)

,

x

the Week

Jan. 10

'<>

I per share

8 perthare

share

Sales for

:

6%

6%

,

*13%

13 3/4

13

13

41%

4134

42 3/4

42%

*13%

14%

14 1/4

14%

*53%

57%

*533/4

57%

53 Va

53%

53

10%

10%
43>;

10%

11 y

>

42%

:■

43%'

>;/■ »."7%'

'7%

42%

.

7

6%

19%

20%

73/s

7%

7%

*45 y4

133/e

•:

•

57%

*54

24

>

V

*54%

v

2%
*28

20%

20%

8

8

45%

;

10%;

43%

.•V*7'•••

7%

.2%

•

.-

'

;

44%

07%
23/4
*28

49%
'23

21%

21%

8%

•>; 8%

9

45%

'

47 :>

v>":<>>'• 9%
46

:

.

v

8%

9%"

:

746%;'^

•';. ••"

•

46%

5,000

.

;

1,700

v

-.

•'

:

'i

'

:52%

52%
10

"IOV4

33

33

*97

98

»

>

*23%

24%

23%

233/4

51%.

52%

51%

52%

10!/a

10%

10%

10%

32%

-

>••
•

'

32 3%

> *32%
>-

33%

*97

98

98 V,
186 Va

*39%

42

*39%

40%

*45

46%

47%
46%

98

186%

187
<

96%

98%

187

*98

99%

52

52

46%

47

46%

28

185%
139 %

r

23 3/8

23%

24%

•

52

52% " -7

28%
106

47

96% '

39%

;• 41

47%

47

28%

28%

1031%

103 %

'

•'•••'•
.

•

•"

7>,

28%
*102

33%

42

*95%

51%
46%

28 %

27%
103 Vs

103 Va

19%

19%

18%

25%

25%

77

77

77%

78

21%

21'A

*21i/4

21%

21%

21%

170

167%

22

21%

21%
20%
*168

77%

78

21%

21%

21%

21v4
169.

,'

*

.

50

49%

22

21%

22

21%

21%

21%

21%

99

*97%

99

*97%

99

99.

99

footnotes see page 227.




10

'

>;

•'

46

-

:

*53

•103/4

'

•

*15%

16

•:,

•

443/a
30

30%

*102%

108

'

47

.

x 800

45%

4,400

30

1,700

17%

18%
25 Va

21%

21%

168%

76%

77%

20%

21%
21%
169

:>

21 Ve
*170

77%
21

27%

27%

Loews

.

497'a

48%

49%

21

-21

-

-

21%

*97%

•

98%

16

16

700

/
,

5,200

s

'

>:

27%

-•49%

Oil Refining Co

2,300

250

-

-

> '

21%

'

*97%

93%

; T

15%

15%

"

600

>3,100
3,500
10

'

3,200

Lone

Inc

.7%

Nopar
Corp—No par
Lumber a—
No par
(p)
Co—1—'.'-10
-

Star Cement

Long Bell
Ldrillard

preferred

Louisville Gas & el a
Louisville & Nashville
Lowensteln (m) & Sons

/

4'%% cum

Lukens

Steel

;

__100

—10

May 29
13

68

20 3/4 Sep

1023/4 Apr 22
82

y

Apr

9

17% Jan 28
.

,

553/4 May 23

17% Jan 28
5% Jan 15

•

4
387/8 May 16
151/4 Apr 15
65% Jun 14
64

18v4Nov 21
6% Oct 9
41ya Oct 10

«

83

'i.'1

93^ Jan 24

v

Apr

May 13
44% May 14

33

'> 21% Oct 10

,

22
6

28
15% Apr 15
37% Jan 21

74 Va Jan

10
10
Sep 30 ;• 102

<-

13
34

22% Jan

Jan
Jan

18 V«
35 y4

22% Mar

•_

24% Sep
x453/8 Oct
20va Nov
97 Dec
14 Sep

.

26

23

•

X49 V4

Range

"65% Apr 11

32% Jan 17
<2 a Feb 6
43 a May 7
>08 j^®
30% Jan 14

Opt

for Previous

Year

Lowest

share

8 per

Nov :
Not

50%

.Jan

37

Dec
Dec

40 Va

35~%

Mar

26

NOV

>96%

35% July

1945
■

-..Highest

i per share
7% Deo

4%"Apr

48% Deo

54% Oct
47

12

Jan
Jan

.

.

>63% Dec
72

Oct

17 Vt

Dec

44

Dec

17%

Jun

5%

Dec

29% Jan
6% Jan
2% Mar

60

36% Jan
20%

Jan

17 V4

5

Jan

35 v*

not

13%

Dec

33 Va

Dec

Dec

68'

7% Jan
f

Deo

27% Noy

51% Jan
33

Dec

54%

Jan

35%

Deo

100-

Oct

Jan

1013a Oct

Jan

May 23

;l03VaJan 24
210% Mar 29

,

11
30
21

,19

Jan

8%

72% May
28
Aug

Jan

> 88 Jan 8
Oct 31
60 Feb 13
Feb .26 . 48% Dec 23
7
23VsjNov 22
43/4 Jan 29
99 Dec 27
120 Aug 7
18% Dec 31 • 45/4jan 14
25% Nov 22 - 41 ,Apr 11
./' 64
Jan 3
94 May 31
17%. Oct 10
35. Jun 10
x20' Nov 26 ' 313a Jan 18
166 Dec 5
?§

No par

.-.50
Inc——— -1
pfd series a
100.
Co

Jan
^aa
Jan

30

14% Oct 28

-

No par
43 No par >. 273/4

Belt,Co———1

17,800

'

-•'27%
•;

..

Tobacco^-*——-25

10,800

'

•

:

-

21%
171

Lion

3

' ^8 per share

•

——————25
,•< 843/4 Sep 30
Preferred
100 ' 183
Dec 14
Lily Tulip Cup: Corp———No par \
37v4;Dec 6
Lima Locomotive Wks——-No par > ■ 44
Nov 21
Link

30% May

~

30

62% May 17
65% May 22

b

v

200

243/4

Corp——5

Liquid Carbonic Corp^
No par
3'%% .preferred _—
——100
Lockheed Aircraft Corp—.
—1

106

; Sep
45% May

101

3

49% Jan

•

Stores

Series

5

3

■' 1

Liggett & Myers

•
400
>3,900

;

54

19'/a

Fink Prod

&

3

Jun

19
26 •
19 '
21
3
10

22
20
24
Coal——No par'-0/ 2% Oct; 9

preferred
—.——.'_50
$3 non-cum 1st pfd—!—No par
; 50c non-cum
2nd pfd——No par
Lehman Corp
(The)
1
Lehn

* Jun
3

sm.j,.

j

•

Lerner

29

•46

$ per share

">

200

300

,

> ;>

43%

*42

25%

•77%

27

27%
50

16%

"

350

18%

21V4

27%

15%

97%

25

-

169

49%

15'/4

*103
-

213/8

'167
26%

00

50

.'29%
-

77%

27%

*27

•'

25%-

50

28%

•.

28%

103%

19

lfia

V

•

53
46

,

186

186

42

53

■

.

13,100

96%'

*94

47%

45%

'

i

•10%
33%

,'Par

Corp__—No par
21% Nov
Libbey Owens Ford Glass—Nopar
43 Nov
Libby McNeill & Libby
.7 ' > 10' Oct
Ljfe Savers Corp new———-—5
y 28% Oct

1,700
5,100

.

11

>>>>>:LowestHighest;

600

'

.

25%

77%

500

24

"23%
52%

52

10%

•

187

47"--

.

47

45%

47%

26

For

*185

51

52

46%

19 5/8

15'A

10%

41

:

25%

22

>52%

187

187

19%

*49%

52 %

•

••

98

186

51

53

23%
23%

33% 733%
-96%
*95
,'> 96% -•--*95*96
97%
97 V4
97%

25%

*97%

7,

33%

33%

19%

*27

.24 V
24 v4 '.

10% / 7710%

/

10%

19

*166

;

24

"

25%

v.

*23%

-

'

46%
*51%

*103%

U 23%

23%

24

'

•!

■•'

231/4

24

22% "•22%

!

Non-cum

•

;> ,7 5,600'

23%
9%

46%

23

24

23%

7

46

49%

*28

49%

' Mar
19% Jan

79

■■> i'.'- ;••>'■':'x >
^
Range for Year 1946

Light Co
4
% pid
75 Pesos Mex
(The) —yl-l—No par

Valley

90

27% Jan

S.

i

Lehigh

2,500

y'

23/4

23/4

>•■

2%

-

Bep
Jan

109

100 i Aug

43.'a Oct 10

^

6,000

.10,700

*

7.

7'/s 7

'01

30% Aug 23
1~08% Dec 31

Dec 24
Nov 22
Sep 10 f

4,500

900

;••

10%; y;

'•7. ,7

i

..

145
Not
137% Dec
Not
116 1 Dec
140
Dec
46% Not
/ 105 1 Dec

118% Aug
31
•
Jan

May 27

55

3 •

,

—

'

"-*;:•.

..

44%

43%

>.

•7%

La Consolid 6

1,200

■

*28

49%

2%

11

,

44

***
Gas

Laclede

500

5.4 K/ 7:

;'>'•' 54
; : io%

\

-

Jan

101 r

1

STOCK

r

.

7.1

600

>;

14

56 >

32% Jan

7 > 5% Sep
>>11% Dec
Lambert Co
> 38 Sep
Lane Bryant
>——t—No par ..,13% Nov
4%%
preferred ——-»——-50• r:> 52 -Dec
Lee Rubber & Tire———-,—5 >>49.....Sep
Lehigh Coal & Navigation co—-10 /
IOV2 Nov
Lehigh Portland Cement—j,—.-'-25 » • 34 vi Sep
Lehigh Valley rr ——
50 v 6Va Sep

; •'77.

41%

*54

-S

54

-10%

10%

42%

7%
2%

57%

■

.V «;

14 ••'•'•>;:;

*13%

14

t

40 % Jun

21v4Nov..22 /
108Va Dec 31/•
Feb'26
Dec . 9 •
Oct 30

V.j.:

i

:

47 ' Wot
114% May

;

109% Aug

36'"? May 31

41.1 Sep 19 ;.

'

.xC-f5 >>.; EXCHANGE;-

9,400

6%

: '

42% '7 :•>"' 41%
133/8
13% > 13%

54

43%

11 Va

;

>7'. 6

6%

*42

•

54

*53

54*

'

13%

13%
42%

13%

54%

7:

2V8

46

46

46"

*23%

13%

' •>

13%

54

49%

*28

19%

:

43

*533/4

53 ;

2%

49%

*28
1

V>

13%

6%

•

2%

2%

>'•'. 43

42%

14,

10%

42%

*13 X

6%>7 6%

6%'

;V J ]■

': i •';

'>•••->'>: NEW YORK

Shares
.

6%

6%

6%

x' •:

STOCKS

"

PRICES
Wednesday >

LOW AND HIGH SALE

^jno par:

r

13% dm

|f0t

34% Jan

,

r

-

2,000
.

19 mt

%4% Jan 17

;

5/

Dec

4% conv. 2nd preferred
100 >
Kinney-'(o r) co-.->>_—11—tl
15%
$5 prior preferred
—No par >82
Koppers Co Inc—1—!__>—-—.-10
" 2614
Cum pfd 4%
series——.
100 >96..
Kresge <s s) Co—
-10
33 ■;
Kress (s h) & CO—11—l-.-No par-;
43

60

-4t

DedlO

*

Kimberly-Clark Corp——1—-No par

'

497i'

s:-

>

32%

31%

•;

,50/;

"49 Va

84%

Dec?:,;

•v'4^A Dec

18% Oct 10 : '67 Jun 10
>45 Sep 19 ? 26% Feb 4
..' 15'
Dec 7 i > 34% Jan
. 19% Sep 19>
30'
Jan 21
">11% Nov 25 • 60% Apr 30

x

*> 600

r

17

Dec-

31

17% Oct 30 %

b—1
Kennecott Copper
No par-'
Keystone Steel & Wire co—No par

>:•.'• Class

'1,200

98

35%

49%
493/4

483/4

•

17
*82

32

V'

■i

...'

& Col—-*——'—5
Wh'l conv cl a—>_1

(Julius)

Kelsey Hayes

14,400

1093/8

109 3/8

;100

preferred!—

'+'4 %-non-cum
Kayser

500

4,200

24 ;;•'■

23%

>

•35%

.

35%

'49

43

*40

•

18

•:

*82

98

35%

53

'•'

*17-

32%

'

35%

>

;>

3,100

;i6%
51M

*97

32'

33 %
98

35%

32%

»

83%

•

*97,

33;
98

35%

98

*97

98%

35%

*17,.

17
86

*83%

•

•

*97

;
•>

14%.

17

17

17 y/%

25%

14%;

,

"

500:

.

16%
25%

;

24%

■

18

*16%

,51

16%;

24

.

4,900

26

16

<25%

26

*24%

25

■

25%

243/4

Deo

-v

116

>■:.•■'">V■v::■:

Stove |c Fum—v-10
Kansas City Southern.—
-No par

Kalamazoo

200

<

24

•

i

>>>>>/■>!:>>V'IT >■:• >>I>i>
21 :>

*20 Va

v.

-6^

.

108 - July 16
€9 % May 29
107% Dec 27
114% July 31
•115
Oct 30 j 167% Apr
9
ail ; Sep -11 > 153 ' Apr
9
44
Oct
9
63% Dec 24
109 ; May-28 ' 115% Feb 15
140
Mar 20
150
Feb 25
* 31% Nov 22
'
53% Feb 2
* 99
Sep : 4 :t 108> May 22
*
18% Oct 1q
3*' Apr 22

Co_--«u-»-.-i.«i---»--ii--,l

Joy Mfg

7,600 '

7 38.7.> 28%

*20% ,2i>-;
>26
; 26%
51%
"51%

14

de<^13
100

Jones & Laughlin Steel—a—No par
5% pref series A:—i———ilOO

14,200
*

99

y'7 99

1001/8
28 J/4

.

> 48% Dec ••

> 45 % Nov: 22 '

>' Johns>Manville'Corp coty^-No pan
«
■ ZVi%
preferred
00
>>600 .*• Johnson A Johnson .>——12%
;v
J... y >4% '2nd prefered sec A,„_-alOO
Joliet & Chicago RR stamped.^100

>>'34 7 "35

35% '

35%

IOOV2

34%

•

:99
Nov
*11% I>ec
.39% Dec
141
Dec

39Va Dec 18

141

100

146

y

14%'Nov 22

preferred^—_100

'>'-4 lA%

.

13% Wov

34% Dec

> 23 % Dec 31
> 20% Dec

V Jacobs (F L) Co_,—-.———I.
Jersey C6nt Pw & lit 4% &fd—100
Jewel Tea Co Inc—-1—^---No par

30

Dec

193

> ;i4% Nov 22

:

600

121'

*130 > 146

"■

Vr

' '7 7 .61 •> >61
•112%

61%

112%

35%
28%

131%

111% 7 f' *111 :'
••->; y *130

*111

500

52%

131%

60

">?'

110%

>> 7 >121

124'

61%

•■•••

52 '-'

>>,;

>

131%

*121

63%"

*61

,

k. 146

28 Va

v

1313/4

;

1?0

.

110 Va

4,600

10%

,: 101%"

*101

'100% Dee '

> 39% Nov 22

common—IHt
——AT5

preferred

A0

v

>, 'PpV-<

x>vy*>•>..,

H 11% Nov 30

Intertype 'Corp..'—__—l_—No.par
Island. Creek ''Coal>—

i

;

200
i

>'110%

52%f<

52%

*109

•

613/4

99%

99%

132*4

*121

34%

>

35%

*99

>

52%

"•

'

' :

8% Mar

9

■fe 95% Oct

Dept Stores_L——No pat

Interstate

f

200

•

-

107

ioy8

10 Va
101%

*101

llOVz

•132%

112%

;*i3o

143 \>

35

99%

52%

130

*111

'l0%

103/4
100%

110%

v

133%

613/4

62%
119i/o
112%

*130

r

133%
*121

34%

34%
*98

v

10%:

f.

XIOOV2

101%
53::
111 v.-:;

101%
*109

130 •:

•

..'62%

—

"">111
mi

112%

:•

v

135

> *121

130

*61 %

■e-

*51

10%

•'X>10%:

1

6% Mar

2

2aVa Oct 30

yytj

10%
11%
*101 '•> 101%

10%

10%

20 % Feb

5% .preferredv

-

International Silver

300

>24%

♦143%

;'•

37% Jan
Jan

104 %

>13% Feb 16

9

Jan >

8%

•

Dec
IOV4 Dec
57 • - Nov
!10St% Oct
12 Va Deo
> 14% Deo
19%

.133
Aug : !•
> 38% Sep 19

Co_—;—__15

Pa^er

Intern'l Tele|r • Si T«eg_lA.;—No.par
22,400
i~No par
300 f v.-. Foreign1 share ctfs;„

J

i

16%

•

£

Jun-

174

11% Mar

5

.

:

Intjr Rys'of

f

2,400

:: >> 22% -22% t
4i7.< '41

41%: -41%

,

147-•

*1433/4

*143%: 147

143% 1433/4

*' 24 Va

24%

-*22%

•

41%

-.-.-16V4-

y

May

May

166

Cent Am_L_;;_No par:
100 >101% Sep 11
>52% Sep. 18
International Salt;
;—No par
100 1
36
Ofct It)
w'——No par
2^00 a. : Intemafciontil Shoe

;

16%

.15%

•

*

113/4 May
59

:il2 -'

90% Dec

.

Corp.

Mining

preferred Vr-——No par

$4

;

120

45 V8

*38V'a.

-

-

16%"
.17

243/4

..

23%

*22%
*41%

23%

-

24

24

24 v2 ''■■■■

: *22 %*
•

41%.

"•16%.: >

16%

39

38

*16%

;

22% Feb

6

4% Oct

A.^100.

preferred

.>v>" '

'

?440»Dee';x-

^an
Feb

104%

195 ' Jan 30

> International

700

:.

57%

.

Interlace Iron

International

.

V.>

;.; pn-t/

38% v; 38 3/4
v>'£.44./.';

-

Aug

44% Jun

9

10 Ve Oct

2,600

>r ? 21,800
V
A
700

:

Ill '•:

;.7:*54::>

.

vy

45%

•

>>16%

16% ;

:

39

->45;.-'::

39

16%

17%

58

38%

:

43 %

*38

39

16% •'17

•;.*16%
> 24%

22%

22%
*41%

144

*143%

-

24%."

24%

>

45%:

£*37%

17%

*16%

23

44% f >

17%

16%

24%

24
*22 w

44%

-

-

.

39

■

110

110

58

38%

13

*

17
21
3
6
3
28
23

190

5% Dec 26

A

—No par
;v-;No.par

,__1
> > : 25,800 t. Int Nickel of Canadalxaa—.No par.
-''if- Preferred—-—100
{••>;» 270

103 Va

13

*109

4Va% preferred -—
Rubber

_

tki/P4%

50%

103%
•

151% Jun

34% Deo
>. -'

3

19;

35% Nov
105:' Aug

Int'i

;

1,500

36%

•'.•••-'49%'•

.•

1

135%

.

,

.

: ill

;.;'*54v;:

38%:

39 ,=;

*37%
-

v

tValll

»

-58

v:

*13 £

38%

44%

44%

a4%

'V 16%

*54

38%

-

104«;;%. *103%„ 105 .: •:•
*13
13%.
13%

103%

112

*110%

58 c :,•:

•:?

38

>

38

::50%

%> ■>

13

13%

751%.X

,

400
5,600

.

35 5/8

50%

52

Jun

54

7'/a Sep 19

.,

38

>

/19% Jan

22% Jan 18

10

92

Jan

Business: Machine——-No par
> 66% Nov 26
International Harvester——No par
)
1753/4 Dec 18
360 >;> Preferred *
_a———100'
•f
6% Oct ;10
,>4,500 ; ; Iht Hydro-Elec .Sy^ class 'A_;—>;25' >27 1 Sep 9
Tnternattonal Min li Chentt—-5
i

•

47/a

135%

/

135 Va :-

' Oct

\

Deo

Dec '
Dec
: JunV

28

May 2o

36

33% Sep ;19

it 13% Sep

100

Intercont'l

96
;■

135.%y>:' ,135%

'

;

-

5,000

.

29

*93%

95%

>

id

,

•8%

4% > 5/9'

5

16 y8 Jan

168% Mar 22

v

•

.

1793/4

28%

-29 %'

.36% a ...35% -36%

35%

•

'.':'8%
'

29

95%:'/, ,..*93%

18%

.

/

44

84

■

72% Jan

4

Sep

•116
•

16
28

v

11% Sep 20
36

Jan

373/4 Jan

10

^ep

40% Deo

,

4

19% Jan

99% Apr

10

<

——No par

Corp

Interchemical
>

74 %

l

74
*179%

'■£: 8 V4

8%

:..

29

135

:

■

105

*104"

14 ./

112

*54

55%

."*37%

•'

53%
104

112

113 x

55% *

*37%

36% > ;

*133%

52

8%

8%

28%
*92 1;

:

n 35%

13%

*111%

-

135%

'103%

*13%

-

•i

-90 »

-'"5

;

:

' 63% Oct

Jan

29%

47%

•2

10

23

Inc——1

Insuranshares Ctfs

300

4,900

'

ll'/a >.:•,..•

11%

74%

179%

y

6 Va

180 m

73%

-

180
■

'

£ ;

30

29%
*92

73%

72%

178

.

-

36%

*133'%

51%

135%
51%

*133%

>

179
8%

5%,.

4%

35%

"

8%

xsi

96

35%

214

.

211%: 213

212.x 212

>

Deo

<9%

>

v

15
85 > Jan 14

Sep

14 % Oct
i

' •: •

45 y3 Jan

Oct 10
23

87

Rayon
1
IngersollrRand :
——No par
6 % preferred:—
100
Inland Steel Co—_———No pari
Inspiration Cons Copper——
20

1,900
V

8%
.:• l,,
107%

*5%

:

12 Va

41%

V

215

*211"

-

•74%

:

11%

6

••

44% Apr 23

.

48

*106

107%

v.

*5%

,

v

>41

Industrial

V

>" ; 4,000

i"

•A

47

:

tJi%

-

179

30%

•

*92.

i- 96

73 '-*

'

•

9

8%

9
30

*29%
-*92

180

*106

••

6%' ':'

11%

12%

't

214

72% 'k 733/8
178%

> *734
50

46.

> •'

3% Jan

10% Jun' 24

; 31 Va Sep 11
i- lg'/s Oct
10

Lt—No par
Mex, SA-J,:.

Indianapolis Power &

2,400
.700

'•15%;

15%

16%

.

v;

40

,

'

...

107%

,

>-;• *5%

131

39%

•

3

49 Va Jun

24

—1000

A

Industrie Electrica De

.

182

*178

40: jt.

..

"

il3A

2i4>:

*211

72

179%

39%

45 V2

;v

*106

6 vs "

5. r

214

71

178%

6%

12%;

,

45

i

106

6

h%

5%

7: n% 1,11%
'*210

106

X

>131

: 182 !■!■*•

;v 7 *15%
8
•'

8%

*7%

8% i
453/4

45%

107 %

*106

107%

5%

"

130%

•:

16 £

15%

10% v:

;

'•

*7%

46 %

44%

44

42%
*106

-16

V

8%

38% i.-:,,.

130 Va

39%

>

\39

40

39%

40%

15%

15%

40 va

VC.:.38

*178

34

Jan

'

25 Va Oct

RR Co;——,—5

Illinois Terminal

■v

400-..

39%

ctfs 'series

Stk

RR

1,700

{•V,:-:

12%

39

182

Dec
May

45% May 17

Leased, lines

440:

3,700

29

29

v:

29%

8a/4

><12%

129

•;

1

12%

39% :.

39%
129

8%

; 18%

i

•k

"•>£>•

18 Va

Jun

36%

19

14% Oct

preferred, series. A———>100
i% ——2— 1QO

.'x6%

94

17%

;;i .-•':. 9

,•

100

48

(•■

Deo

8y4
23 V*

Sep

•

D«P

Jan
—Jan

10

•

Idaho Power Cp——
—20
IllinQls Central RR Co—„10O

,

8,100

*12%

i2%>;

*178

182

»9

» :,• 29 :-i

29

28%
*12%

129%

*178

182

40%

*39%

40

128%

129

129

182

h

40%

40 y4

v

129 >

*178

9%

••■'

9%

94

18%

200

23 %

■

*90

48

*90

•„

(•'>>■

*45

* 46

..

,

•18%

29v2 v

12%

'

.

48

8%

-223% •'

2'

17

Jan

25

54

Jan

•^..gM,60<>^

(

41

*38

X

41

,

23% "24%

94

*17%

18

30 f

29%

30

23%:..

*90

.<

-

:

*38

39.;";;;.,;

*45

-

•

•

94

-

*17

•

,

9 %

x9

9%

9%
30

18

17%

46

-

*90

•

.

39

23%

,

243/4

23%

25%

24%

24%

24%

41.

*38%

•;

41

*38%

41

34%

5

12% Jan 25

,

*

> 23% Dec

July 19

11'/a Dec 27

6.66%

,,Hunt Foods InC—

2,300

^

Sper share

share

12% Jan

9

Apr

47

60 V4 Feb

;

10

Oct

5

& Manhattan

$ per

30

10

Highest

Lowest

>;

•

$ per share

.24% Oct 10
30% Oct 30

,.-5
100
5%
non-cum
preferred.——100
Hud Bay Min & sm Ltd
No par
Hudson Motor Car——No par

> ;;i. 2,900 ;
17,900
17% '

27%

:

'14 % Oct

Howe Sound Co:.

1,800

2,600 '" Hudson

t

Previous

Year 1946

„

Highest

;;

$ per share

Howard Stores Corp___"_^_

393/4

> 16%
.

'

a

Lowest

.7 ''•/.„ Par
Houston Oil of .Texas v. t c„___'_25

600

:

12v8

39%

28%

6%

*34%

1

$. \>

exchange'

,

Range for Year 1946

.://

*

• -

5,500
.7: v",

5% ; 5% ; '

:•

>

17%

34

,

•,

12'/a

28% > 28%

17%

•>>

28%. :>
6%

;»

6%

6%

.-40

18

17'/a

18%
28%

.

>1

>•■>.;.

the Week

'/.-..Shards

,

19%
26%

19

,

.13%

40

7';

40

*25

-

5%: •>

v

•V

$ per share

;

34%

*5%
<12%

13%

41

39%

41 %

17%
28%

.5%
*11%

•:

'

*34

5%'

:

25%'

"•,/'

Jan. 10

>.

;;

,

,

>9%>;;

'..25%

35

*34

,

share

..'19%

25%

25%

,

12%; 12%

12%

12%

*11%

,.">•

$ per

„

18% > i9%;

;

5%

5%

5%

5%

5%

5vi

Jan. 9

8 per share

r

.

new york stock

Sales for

Friday

'•'■>

Jan. 8

'Jan.7
$ per

share

$ per

share

19%
*26

Thursday

.

Range for

stocks

,

low and high sale prices
Wednesday
Tuesday

198'
50

Mar

_

47% Jan
41% Jan
19%
29 V*

84 3a
v 60

Dec

'■ Dec
Dec

Dec

"

Jan

36%

Dec

Jan

40

NOT

—

42 %

~—
Deo

25% Aug,

37%

Dec

Jan

66%

Oct

15% Jan

32%

Dec

,—

,—

19% Jan
50

18% Jan

*32% Not

Jan

190

23% Jan

31

Dec
Not

Mar

68

Dec

166

52

•

[Volume 165

•

V

>

'•*

Number 4559

t

'

*4

'

u.«

."

'

i(

"r • -

:THE COMMERCIAL & FINANCIAL CHRONICLE

-

■

.

NEW YORK STOCK RECORD
LOW AND
*.

Saturday

Monday

Jan. 4

Tuesday

STOCKS

Wednesday

Jan. 7

Jan. 8

Jan. 6

$ per share

HIGH .SALE PRICES

Thursday

Friday

Jan. !)

.

per share

$ per share

$ per share

per share,;

:

Sales for

„

Jan. 10

k

i

NEW

the Week

>,'

$ per share

1

.

X OKA

Shares

40

145

46,

,46%

■>40%

".

,14%

*38

(40

*140

145

■

•.

46%
;

108 j,

14%

145

47%'

»'■■ 46%

:40'/a

•.

.

41%

-;39%

*107%

..;

#

38%. j38%-".v.*37.%'.

.

*140

'47 3/a.
I

40Ve

;

108

v40%>m;

;:.
200.
(.>>•> —

145

46
39%'.

„

39%,

(

\

Mack Trucks Inc—;
2,300." /Macy (R H) Co ,Inc

>

J!

__-t

19%

,

14%

/

>

.14%
14Va
14'A*
14%
>42$,./;:. 510 / <1 »»425 ' V 510

£«—

..

-—I

.

12%

*28%

13%

:

30y4

,>3%J,

>■ 4.

4 '/a

7%

*12

.;

7%

*109 %

33

163%

*34

>

35

29%

>*46% ;-47%
*104

i1

All »

,

»

50

/

*104%

>>28

;

>

52

i>iL29 >

""24%.. 24%
V "23
23%
i12 ■*:
•>

>

65

/

';■:.

♦105£ *07?:

105

/

37% ;-37%
^3lVil3S-

*149

150

14

r

v

*11%

•

••14 %

11%

>■:'/• 11

•

*9%v

*104

7
v

33%

*

23%
*51

> *51

•

12% >12%
*28%
30%
"60%

-

*125

62

>

'

v102 r

>feT9%. ',193/4'
V > 103 % ,105 %

65'
1

106%/

:i9.

no:

38

112 >

^

593/4

■

-It/?^9/4

-

•593/4

>9%

) 14%

- .,

10 y8:

23%

22'/a
•

13%

125% 125%

13

■'

29%

29%

125

-y

""

125

^2%

.61%

»

.

//

f v

>13V8

• ::

1,800

59%

6,300i

53

55

;.■>

16

»=

22%

.*'45

46

,.

15%

,

106

> •

:..

f,, y, 7 ;

14% /

: 39

60%, »^

13%
<

13/8 ,13 /4

^9^

>

13%
138'%
/56»>

,

54

*52%-;; 55 '

f

lll<
I3

•

46%;

i

\+*°~

i

56
'

v.

Saturday
> Jan,4
$ per

Monday
>

i

'

.

19

MJn

& -Mfg^I

i—>

20V4 Oct
18"

Oct

32%
——

Deo
*-,

■

43

NOV

36

Deo

70%

Deo

62

Jan

24

-

Minn Moline Power Impl
preferred——.
L

100.

yj. $6,501
Mission

>

,

105'/8 Jun

*

$3.25'preferred

5

common

3,600;

-

MoqrerMcCormack

,100

,

/

$2.50s

.A

200

Morrell

cum

Lines

Inc-j—10

77

<•.

.

„

56
^

'

^

^

v

)

.

Myers

.

(F E)

^

51

<<

K

v:,4;v;

9

j

^

^

>

62'% Jan
173

30

10

119% July
60

> 19s/8

'

:

Friday

Sales for.

;

Jan. 10

5

"!

Deo

61%

OOt

Jan

6Ya

Dec

124

Deo

37

Deo

16% Jun

Jan

49%

16% Jan

23

36

Jan

25%

Jan

^

-,

-

Deo

-

: 36

Deo

47% Jan

70

Deo

21

24%

17

'

;• ••"

•

1043/4 May 29

653% Dec

Nov 21

>
•

10

<

30% Apr >3

Deo

Deo

62

Jan

29

63% Deo

61

Deo

56

Jan

15

41

64

Deo

15% Oct 10

34«A Jan

Oct, 30

.'22»/4 Jun

'*102

- Oct
31
13% Sep-10'' 32%Ocfc 30
>108% Jun.27
9% Oct 10

49

.

\

22

Deo

Jan

>18% Deo

97% Mar

109% Nov

'

<<

109% Jun

2
20

Jan

>70

r

47%

8

553/2 Feb

Deo' 2
■>

Oct

Jan

9%

6

May

114% Jan

;33% Nov 21

v,

Deo

32%

31%

273/2 Aug 24

.

50

.33%

23% Mar

13'"

1093/2 Feb

Mar

21% Jan

•

May 31. >
66% May 29

Sep 18
.14% Sep: "O;

■.

16 '

36

34

115

Jan

13

21%

Deo

Nov

62

Deo

63

Jun 11

Jan

48 %

15

Jan

66% Nov

"*

j

•

■

"

NEW YORK STOCK

.

Jun

62%

•

19

135% Jun

13% Deo

7% Mar

.

109% Jan
22% Jan

•

Sepi 19

Range for Year 1946

EXCHANGE

Shares *

26%

Range for Previous

<"

'•

the Week

$ per share

-

?7
May 28

70
' Apr ; 8
23% July 15
45 •' Apr 22

'

Jan. 0

$ per shdre

Mar

1

.

Mar 25

>64

63% Deo

13
Aug
42% Mar

«

May 31
173/4 Jan 24

52

160

137

5

44

•

Jan

Deo

36

Dec

-

129

14% Nov

Jan

V

9

2

7%

25% AUK
36
Jan

>

263/8 Mar 18
68 y4 Apr

Deo
Jun

•

July; 1

9

66
111

37

,/

9

>14% Dec

22

Jan

106% May

18 3A Feb 16
45% May 15
•

•: 48%fiay

Nov 22

'

•

33% Mar y

•

;

20-

57% Dec.: 3
65%: Dec 10:

;..-19

& Bro——No par

^

•

.

2-

May 15

50 %

.

100

•

29% N6V

67% NOV

40

Nopar

.

Dee

14% Mar

113% Apr 18

8% Oct. 10

20

pfd—50 '

(John), & Co_

..

c

13%

..

Deo
Deo

26

64% Jan

110% July 19
61'% Jun
3

111% Sep 10;

;

27

30%

12% Mar

1(

52% Apr

•

43% Sep. 10

-

series'A—No pair

109 Ye Nov

325% July

——

Monsanto Chemical Co

•

263/4Nov >6
35'/3 Jun 10

-

3<J

Nov 21-

40% Apr 30
:

10

41% Deo

r

1.673/4 Aug 13

••^18'% Dec

>-11

Apr

104,
Sep
13% Jan
17% Jan

4"

Jun

30% Apr 22
107% Aug 26

8

Oct

>61

No pat-

.

"

Thursday

share

Jan

10

Jan

35% Apr

....

Jan. 8

$ per

Dec

65

Jan

10

.

Wednesday

,

$ per share'

h

:Minn

,

v

r

HIGH SALE PRICES

Jan. 7

I per share

19%

19%

10

1,600,',' Motor Products Corp
Nopar
1,100; Motor Wheel Corp>—;
>——^—5
1,200 v> Mueller: Brass Co__^———
I
:
; 1,400 ; Mullittsj Mfg Co Class," B-C——----1
?t
5Q' 1
$7 preferred
^———'u—-Nopar
•
700
Munsingwear Inc_
——5
5,200 ,-, Murphy Co (0;C) corn-"—-j—u
:
140
; y 4%%! preferredJ
_100
12,100 > Murray Corp of America-'
—10
'1,300
4% " preferred-*.—
-50

;.

.iU
.

*54

-

Tuesday

Jan. C

share

16%

114
Sep
65% Deo

30% Jan

69

Min .Trans

Montgomery Ward & CO—No par
'—i Installment rets 75% paid^-—->i

'

S

LOW AND

1-

1

(The)I
L-I—i—t
1st' preferredi-__a-^50

^ 12,000 /

,

>38^,: 38% >v.-'*38%'. 39
*54

Dec

109% Nov

.

Jan

56'/2 Jun / 3
108% Mar 21

22-

3,400
400/

4125

>: ,10o% 107
13%'; -13%
'
3a
39

;

a

;

'

May

63%

Jan

22

36

,

1,500

,44%.' 44%
••151/*-.15%f

*'

110 '

Deo

195

9

May 29

Oct

t

20,a19%... 19%(22% ; 22% ,

-

13%

40
110

39

Dec

Copper
^-^-5
lOVi Oct;
jMia-Continent Petroleumi-—^—10t'31% Feb
Midland Steel products-^—-No par \ 32
Nov
: 20; f "i, 8%; cum 1stpreferifedi_ii—>il00
140
Octr
1,400..'
Minneap & St Louis Ry nCw.No par
10% Nov
1,100^
Minn St P & SS M A vtc„.-No par f
9% Oct
1,300.
Minn-Honeywell Regulator
__3
>
45
Oct
2901 i i
3,20% conv opfd series A—-_I0O...»,105 % Dec;

v^

34

•"45%

»

„

106

f

22% ', 22^8
J.
;
«+ll/2 ,i5!/4*

'

16

107

>
;.

4I;;

>;

46

>

~i

20/«

22

Nov

33%

Aug

27 y4

May 27

Nov 26

22

2,500/> Miami

.

59%. s60% ( *
9-,' r- fv
rc'B1^8 ->17^8; >

"

85.

4®/f

.

203% >
•

.

15%

*1C5%

/

.46

20%,

22'

V

225/a
47

45%

■

20%

.

L?Sw

:

■

:45%

20%

L—Nopar
102
—> 20

Co-1——--^ltf

3,000
- .700

:

13%t

i

125

.

61%
jfl/

rtYt/2-

40%

48'/2 Apr

—

%

59

125%

ft?2%

2i%

53

47

21%

63% Deo
48

8% Jan

110

6

Apr

46 y4

.'•(

:

-

21%

Zir

54

43

25
Co^.__-.Nopar .k.'i-8'6% Sep 4
Merck & Co Inc.——i.--—
-1
54
Sep 12
$3.50 cum preferred--^—-No par
^7
Dec 20
Mesta Machine Co
_5
39% Oct
9
Metropolitan Edison 3.90% pfd.100
104
Nov 26
Merch.&

90

'

106iy-i

Co^__1

Mercantile Stores Co Ltdi—-No par".

800:..

-

1,000

.

—t.

Mfg

Shoe .Corp_i—

Go

5cdnv

10% >10%l >- ;
64
05 1' t.
^l3; -II3 V. J,
59 , , 59 % v •
; 1,300
10 " (v'>* ,5,900r-

-

preferred:

Melville

-40;

1,500

[

$4

v

McQuay>Norris

2,000:' > Mengei

"

■

125/4

61%

104% Sep
-

Apr -23

122

.

•-

149*'

69-«

.

*60%

21%

31

10

30.

3,100: >Mead>^Corp-l-Cl^^i.^JVopar t>18%Sep 16
'
.4 % %: preferrCd-l-^-^ill->.100
103 ' Sep 18
800:
y 4%;
2nd preferred^.—50 >
43% Oct 30

.

62%

Oct

102 % Dec
,

-

60% I '61

,

,

'

-

>51'/>V -1-

12%

♦>.•

25

y

No par ; 100'
Sep 19
Corp
10
28
Sep 10
I.r
™
►
<7
Ktl--;; 2,700/• ;'Mo-Kan-Texas RR>l
NO par •
>>5% Oct 9
'«r-'22 /4
21%. 22 % y ;
: 9,500.
preferred series Aru.100,' ; , 19
Oct, 10
??,;' ■?>)''
P
t'n>;^A00 (" Mohawk^ carpet: Mills^-^>L—->42De&.::2
l? /a v l2%^l>v>: 12%
;2%f.
4,300 i
Mojpd Hosiery .CO InC->-i——^-1.25
"11% Dec 5
Hi ' y : >29 ;. 30%; ;
• 200
MOnarcli Mach Tool
—>-L_No par
28% Dec .31

22%

> *49

'.

1

Co—-i—1.

McLellan•'Stores

;

15

:

105 > >
1Q5 'Xtlc> 105%
33%
33%
34
34
33%
>> 6% >• 6%>
'

,

y,:

Uj
-37 » 37%;'
-.SB.-Se, t i, -

r,

13/S,

-

.52

200.

l,800r

:45%';.45%c.yy:

■

7%:«

.19%t

,

11 >.
,®5,.

H '
.v.',

Electric

Mar

34% July

5

•

Mar

71

Sep 20
McGraw-Hill
Pub
Co_
Nopar
23% Sep.20
Mcliityffe Porcupine Mihes———ji-5 «' 44
Sepf 19"

12,700;

•

-

105%; 105%

w?;,

.>

ii%

111

-

>

13%

:

64% >64%

,

>

;

.

I
I

'

!jj%

,

150

*11 .'.

'

•.

>>

;

108%i

65
i
65%
*98%'10O'?'45,4444.

100

37%

Corp

preferred—,.———100

conv

22-

♦ 103 %. 105 % *

.

.

*105% 106%

..

Stores

3% %

McGraw

900;'

65%

*98%

",•',45

..McCrory

.

40

May 31

118
>

Oct

46% t>eo
24% Jun

Nov 12

V 55

Jun: 18.

111

Jan

27% Jan
223/4 Aug
176% Jan

May 10
May 13
Jun

Dec
Jan
Deo

9% Mar

18

17

11%
18%

42%

Sep

21%

5

97

Sep. 19.

109

2

Apr

.

'1123/2

9% Oct.-25-

,,:,:42

7% Mar
15% Apr
is y4 Jan

May 28
38% May 29
204Vz Nov 20
70

45y» Sep 19

iu-J*

4

23

75

92*A Dec. 28

par

39% Deo
7% Deo

3% Jan

48 3/2

.

..

.v,\:>49.^v. 49% >•
*48% <",49%f y ^
;.^.,25% u25%>>:» '25'
25
1.&.-Z

64

*105

65

30 >
30
61'/2
61% >
*125 ;> 127 ■

v

127

,

; ,12%

104

.

44 »/8

9
7

par > lit

Oct

15% Nov
32% Deo

.

>>■14%

..

Vl7>v. 5,500.

^f'62 %' -*>.

-

100%

44;

McCalL Corp_^:——

Jan

45% Feb
30% Jun

.

-'fpf-iyvyyyy
'-'vv■ :• ;■ i t.. ;..;x,uv-:M
42%-ri; > J. 42 ,: '42%L, .:,3.200:' : McKesson & Robbins Iho,.—^18 v
39% Nov

...

13%

112%

1,500,..

.

521

v,

Sep

t;

——

^v 200i;,':>: $3 preferred---*——N0
'.?'-'.20:
-X ■'$6 1st cum preferrpd-i—No

■

64

10%

23

•

<25%

1,500

C,23ya-

*97

105%

;>'

Jan

11% Feb

>24% Sep 20

4801"'.$3.40 oum pfd---—par
Maytag Co
Nopar

.'

>:•

-r27%

-...-23%.>24— V^>23% '^4
29;, ■ 29 i v
i
28%- 29

/ " *3.7'/2 >36"/>
>
-38. .i ;38

/11%

•

5

52

.

105

:

>

»'

4

I-

<

->v^3%yy.23% ;
22,%^>23 - t '
•74
.--*70 ! ,15,
t ' 70%r"'70%f :1
18% >18 »/2:
^>,18%^ 18%1>^..;'( 17 %^18 %C
45% '453/2.. .—*45' ,
48.
;

65

•

*102

s

"

*67

100%;

:;-,/34 <:■/s 34 >A-

23%

=

:4

"•;

59%

ts 7

i 23%

'

;

14%

*104

,

,

5

74

44

•

29 -'

49 3/4-

24%

♦149

>9%

v

110

33%'

-

•

49
:

'

-ll

14
24

Jan .28

20% Jan

9

27% Oct

-

Dec

625

7% May

57% Apr 24
112% Mar 25

7%

104%
100
37% -'37% *
1,800
28% *;?91.100

v>

593/4

,

9%

>

•

40

*112

>*59%>59%;

64%

:

—42%.

...

'243/4

.

.100

; *104

">

12% Oct

;48

Np par

14

3
10

Sep 11
Sep
4

31
;

r—1

-—

.

53'

—

Master, Elec Co
Mathieson Alkali Wks__ 1

26'AJan

30% Nov 22
,xl09

25%

Mar
Jun

Nov

:

—4—

,7%Dec
11% Oct

17

Dec

62

110%

Jan

425

Aug 15

> ,8

preferred,-^,.—2—_.100 / 195 1 Jan
8
I May Dept Stores,
i-.5 >. 45% Nov 26.
$3.75 preferred
Nopar
103
Dec 11

.

tV;:-.*1 ll%.:113S %->'.■

>29%

.j

—100

May
Dec

46'/2 May 31

19

{

^

*47% ;(49%' :

27%

preferred

1

72

8

.

Nov 21

4,900

';

t

95% <"

.

i'.m

4%%

„

Deo

165

16% Apr

.

12% Oct 30
26

,

39

Jan

106%

30% May 28
17% Sep 27
526

4,000

L

,

46 ''S-J47

28

'

;

1

t

l

195

*95

.

404%

.

>'19% ;u9'/2
*103% 105%

38%

,65 ;

;

> 112

112

24

•

."52

—

-

^2%'

•

58'

*104% :.1Q4%

.38'

>28%

102 >>

>>'28%

45

.

*

150

-

14%

>v6i>>64%''

■.

•43%

15%

'

■>

r

A'/1

24%

■.

45 r

27%
38

.42

»

•

20'/a

■,

> >97

1°5%

-

>38%
*149

:

243/2

*68-'

>

;

*103

A

102

•

:

-

64%

15%
.;> 37%

42%'
102

*103'/2

-

43 V£

!

.

10

8% Oct 10:

-

2,000!
Martin (Glenn L) Co—
-tt-I
2,000
\ Martin-Parry Corp_„_^_z_—No par
1,400Masonite : Corp^_
;
:—JV|9 par.

•

>&U.47%4;47%^<>vi.46%i.'47V4.

.

37%
29>>

52% -52 %

>">18%>!ff%';

100%

-

>43%

J>i$%';i5%

>

^

<;>'"23%> 24 >
?

19

*97

"

29

72

64%

43%

53

19'/2

245/a

18%

100%

29

105%
> 1/49: ■*■■■■ 4&25 /:'.U >->25
25'%

>>■24 3/4
<72 ;■>

-

"96V4
.*42%

105

37%

Jun

>?3% Sep

„

35%t ^' 400;

*187

W

>:>?47%:."S49%

27%;.

V *103

'

34

* '

.

\>46% X■>;

"

m

;/> 45 <:/'■ ■,45.
*64%

27

•

110%(.. j
33-;.va

'32% <>33

,195,-; >

->46

48

s

*

/v/ 42'/2"

243/4
: 29%

-243%

18%>T8%

J

29

52%

/ 20%

,•

■V45 3/2

<48

38%

/

1, 102

•103%/ 105 »/2 •:
49 Vi■".
>49%

49%

,

,20

56

36%

>187,

400

157/8 .-15%:

59

:

^..V„:;31 %""' 32

.-

195

i'v/K
44

> 243/4

*■.

>

110;

;

> .29%

105%

49%

58

33 %

*10%. f-113/4- r;;.>10%:fi 11

»■

*

f, 43 %

*102 /
"

■

•

.105

29

5.'-

*187

27»/2

>37%

24 Vi * '24 '%

:

♦103

29%

52'%

(31

....

38'A

ft

ll'/a

26 3/2

105'

58.

-

104%- 104%, i^ a03%>
>» 85%' '95 3% a .^>95-96%'

49'/a

29>/2

»9%>19%
*103'/a

'

-:....33.%

*16%>17%

>

-

">

Sugar Co——a———1
Mandel Bros
Nopar
Manhattan
Shirt
5

.

>>>; 1,100 "" Maracaibo Oil Exploration
44.^1
>
6,600> Marathon Corp y_i—i
„6,25
6,800
; Marine 'Midland
Corp—.:
r„5
160
< Market St Ry 6%
prior pfd
-100
; •••
7,10Q;" Marshall Field.'& Co_—4—If0 par

f

.32%

*109%

*111% 113
./♦111 3/2 na:>vV &■>Ui%>113s
40
46%' >;> 46% (47

28%

105

niio

29

•

:>>> 600

:12

33%

110%

>

96'/2

M

l

;33 ,l>

■35'/2/ -,*35%

/>'■• 45%

104%

*48

> »37'/4

42%i' 42%
*102

47

30 '//"

.

>

*51

113
,

37%

30 y>:

•

46 3/4

105

37%

/>:> !

*111%
>

v

; i

46

.

163/4- -J...

•59

*35 >/4
>

520

*1 /> 3,700'ilanati;

;

26%(.
7%.

.7%:

12%,. 11%

.:

32%

.

""109 Vi

;333/i„ ,-'J>33

> *29%

>

: V

111'/2-.
■J

7%

12%

12 3/a..

;

333/8

i,

.

7%

' 31% >32

■

30

*95

11 '/a

49%

*11%

> : ■'■; ,£ 16%
> " ! 59

195

*104

99;

-

*48,

46 %
28

■

27%

1043/4

I

36

*167

433/41; >>'45%
;

95.

34

*35%
> 30 A

•;

30% 'A

»10s/8

/

113

•<,46%:

-

25%

7%

*1093/4

5 '60

60»

195 /■>;

/, 1043/4

94%

.

50

29'%

v.

:>■:

■'•.

17 1 r 173/4

,

1

11
.

'

73/a

•

lll'/2

33%

-

17%:

;; >.45%

105

-11

34,

613/2

*187

33

*109%

35V4 '35'/4

y

195

->94%;

\

,/

29%

*187

>■

33 lA
i7--::

,

61

12'/a

! 32

t

>../'

•' 7%

*12

.

.

111%

60%

,

16%
61

113

i6%#ll%'>;'5,$ 10%

- :A

.

73/4

32'%-

111

33

>,

121/2-

.1

32

:

10% flt%», >.f

•

,,

253/4

,

•

13 3/2, >.> *13 i:'.,-; 13%,13
v
13
283/4' ">■
*27'/z
293/4
*27%
29 ••/'/
29 29
4 ; / >»>3%' >41/4"
4<>.y:4
4»J4
26%
'/>;•( 26
*26 3/8
26% .: 26%

>•>, 283/4
>/> 4 >

'

'26%

7%

/12%

;

*109%

a.

li3/4

IS'/** ■v;.,. *13

,

7%
>12

30'A

v

26%

.

f

•;/

13%

*28 3/4

4 V/

:

10%'
13%

li%

> 11% %

12%

65
May 28
111% Apr 12

10% Sep 20
13% Dec 30

,

*i_50

28% Jan

47% Jan
31 y* Jan

147

XI73/2 Nov 13

1

...

.

11%/. 11%

10

12%Sep 18

10

.

,

37% Nov 22

■■/

■=

x

Highest
$ per share

Sper share

42% May 31
160
Jun 13
76% Jan 30

30

106% Oct

Nopar ■>•

,

-

year 1946
Lowest

$ per share

Sep 11
Dec 24

38% Oct

-jc-100

19%

.

33-.
140

.

NO pat
No par.

14%

i'19%

.

.10

.*>.100

3,900

I

-4 per share

,

>>

MacAndrews i Forbes
;
6% preferred

38%. i;.;

*140';.

46%.-; 46"%..46..

..

40 3/4

145 x !;

o

;

par

>v: 1075/8 !08,>,
*107% 109 •>>>•; >107% 109
r r T
600,
j
4%%
pfd series A±
>'>•14% i 14'/8^ >v> 14 >_
14y,'.14., ! 14900., Madison Square ,Garden19% I 19.3/4>■;..,19%,., 19%. ; .:. T 18 ;; 18 •" < ,;V.
1,700 V Magma Copper-;—
v
V/:> 14'% :'/.14i/3.
143/4 >15'/4 >>>15 > 15% ,
,
,,15% -16 ; ..f .v /, 3,600;
Magnavox Co ..(The)
.*425
510 > *'>*425 v 510 > '
*425
510
>425
510
t
i >
Mahoning Coal RR CO—i

14%

19%

'

.

40-v

*137

42

*107%

19% ;■:

>37%

.

47%

*40%

108%

14%

>19

40 ;/>

145./

46%

-y

42

*107%

■

*37%

;

a *137

.

\

Range for Previous

Range for Year 1946
Lvw«»i
Hignest

.

■■"'

.

■

*37

*137

/

STOCK

EXCHANGE

Lowest

•

.

Pat

$ per share,

x

.

>Xdwest>:>>>.... Highest

$ per share

■

.

Year 1945

Highest

$ per share

I per share

N
> 15%
>
*26'%
:

16%

i6y«

16%
>♦26%

16%

--27

30

30

29%

293/4

15%

16%

14%

16

15

151/4

12%

12%

12%

121/4

>15%

15%

;*>yi2%'
>
15%
.

12%
*

15%

->'*25>' >26

>>28%
*176

"

•"

'
r".

'

29%

T'0 ll'A

'

>.

>11%

11%.;

37%

37'%

20

201/4

*39

,

17%

/

105»/4

*182

34%

*160
> 7

163

>

26%.

85%

><19%

22%
42'/,

■>>

■

37

.

*1833/2
*159 :■

163' >>
>; > 7'/4 >
>> 27'?.-/ 27 «/4 '
*7

■

>>;•

24%
153/4

11 Ve

11%

%

52%

1%>

1%

85%

853/2-

30

14%
17'/8

For footnotes

143/4

173/8

"

.11%

93
25

25

l6'/8

163/8

11%

page 227.




11%

94

's

104%

:

163

,V/z"

; *26 3/4

27

*52

:

26%

,24%

53 :>

1%

1%'

84 3/4

>*52%

14 3 8

141/2

*163/4

*93 3/4
■

2534-

%

161/4'

,,11%

ll'/a'

16

52

•> t>-

Container—.I—;—
j—1
Cylinder Gas/ Co——-1

*

>V

j.

:

,.

j'V.*

if*/

Nat

.;933/4

17%
'

93%

25%

.

;

•

fc..

17

:

-

/'
/

Nat

/

800 /

26

16%

16%

—

/

25%i',26 f

{

16

.

r

A4,-t6 ',

..ll%>;ii%

1,200

> :

93%> 93%

a

11% j/ll.%.

F7 > (—

-

;

Enam

6%'

-140

t :

n5:.

>'

100

Oil

Products

CO--—i/-4-

preferred—I'—i
preferred

4%%
National

.

.-/-4Q

conv

Tea

Co—-

:

Natpmas

i

100
10 :

i.

4^%

Co——Nojar

4.

jw.

Xl49
v-

•

Oct ;10 /

6% Nov 29
20% Oct 30

;

/".41% Sep 19

a.% Aug
Sep
25% Dec
11% Nov
/18% Dec

27

/ 75

V'

••

\

..

32% Aug

..

July 29
Apr 10

;

1

"Apr 25

25

Jan

18

32

Jan

29

t

4

,.

•

106'A Mar

2

42'A May 10
24'/b May 27
15

Feb

19%

Deo

38

Nov

Jan

13

Jan

64% NOV
,26%

108

37%

Deo
Jun

D66

24
177
;

Jan

Sep
Sep

199%

Deo

152

167

NOV

'21

Jan

35

Deo

>:

83

Jan

69

Deo

:

65

Apr

85% NOV

12

38

.

32% Deo

Jan

37
,

10% Aug 21
41% Feb
4

30

89 -> Nov 25
21% Oct 10

41% Nov

xl01% Aug

17

3 V
22 ;•
.

Deo

24% Jan

108% Jan 24

2% Sep

Deo

20%

13

14

101 y2 July

30

12% Mar

29

173

Deo

195

9

67% Jan

207

*Deo

Oct
Jan

,•*

>333/4 Jun
40% Apr

32% Deo
x34%

13% Jan
31% Apr

•45% Apr 22
34'A Jun 14
;

Deo

181%

Aug 13
.;,>, V>.

Jan

NOV

20%

72% May 17

19

/ 14% Nov .29

10% Sep

;

;

15% Nov. 21:

/

,23:

.

-

B___—

800 •" Nat Vulcanized Fibre CO.*

1,100

13%

23% Mar

24% Aug 13
383/a Dec 20

Feb. 26

/; 24
>15

&

preferred

National

:$2

J2.200

->-!.•

Nov

>45% Jan 29

.

-

Dairy
National Dept Stores-National Distillers products

.

/

'

1%
1% :
16,800
• National Power & Lt ex distribution
r$4%
85
v,r
84% - 85
r :
->3,000 i National Steel .'Corp-i25
*28%- 29%-v^iV 28%'iV28%W>V-:->100 ' NationaL-Sugar,Ref C,0__i—No par
.14% •.. 14% -'/>-•
I4%>yl4% f
>
6,000"/ National Supply (The) Pa—,-—10
16%

19%

343/8 Apr 17
373/8 May
1
2053/4 Apr / 3

:

Oct 9 /
S " ''[L
■' ' j') %"
'' ' ' ' " •"•>/ -2; ^
's ,i, ^ ^'■
Products—_i_^.__No par :> 30 / Sep 3>

1,800 /" National Linen Service Corp new__1
1,000
Nat Mail & St'l Cast CO
Nopar

26%

Dec

9 Va Mar

5

■

'173%
94

>>'*25.

>>: 52
1%'»>:"/'1%

}■■■:■:

85'/4
30 /•.;

:>> *29

26%

53% '

41%

20% May 28
28% Jan 29

No par,
19% Nov 22
Stamping——No par
31% Nov 25'•
9,00Q */.' National dypsum Co_^_i——£ -> 16% Oct .10
>
i
30
I:
$4.50
conv
preferred.-4.__N0 pa*
103% Oct 28
>3 3,900 / National Lead Co.-—1'—i—-^-10
,'-27 > Sep j' 9
380
7%
preferred
A——--i—
100
178 1 Dec 3
_'_a

16% Mar

16

National

3,100
200

2

r

;21% Feb

.National

7,100/

r ">

37%

32% Apr

^

A 53,500

;

••

26%'

'

3,200

35%,/ > s;

66

Sep 23

10

•

25% Deo

Jan
Jan

24.,

14% Nov 20
:

16% Jan
35%
20 %

34% Jan

.

25

.

Sep

«

tKt '•1>

I

; 19V2,;/20V4,/
$;g;: 38%'/ 3£%

,

•

National Can Corp——
—-10
Nat Cash Registeri—^———No par

10,900
> 2,800

17%J.;..i7%%;vV>

v

•

Airlines—————1...
Aiitomotive Fibres^InC-,iW—l

25% Jan 15
>52% Jan 16
413/4 May 31

Oct 30
Oct

27

9% Nov ,22 .
31
Nov ,22
Nat City, Lines Inc_„_—'13. ■ Oct 30,

8,600

•

-

'j

16%:;
',l '^>C'

13
,1 23

1

Co

■

^ 3,000

/'':~i;* 103% 104% f,
;
34%
35% >->■/'/ 34%
34% { ;
*186.:; 188
186 / 186 y>158162
*160: < ,163
/' >
,7%
7%
7/
7% (.

,

11%

35

/ >

.

-

"

•

18

20%

39

>103%

'

36%

16%

,'.:.'24%- 2423%

>' 186

'

25>/4

.

*371/2

■•?5>

185

l5'/4
17'/4

16

25'/4

see

-

93%

"16
...

15 y4

17'/o

>

■

;>*7

86

'28 3/2

•.

"

29,,

-

■

243/4"
104
>

*1591/2

1%

29%

*93

>'

>

53
<■:

:

V

,17%

201/4'

*103%

>

27 '

85%

17 3/2

15%

53

39

24%

7%

*28%

94

24%

53 ;
i%

26%

16% /

Nat

:

Acme

National Aviation Corp
—5 ! ; 13 Vh Dec 13
400
National Battery
Co__
-4 a
20% Oct 21
17,700 > National Biscuit Co common—i-10
* 25Ve Oct 10
f/,
-'
^100 /
" 7% • preferred^——>
—-100
/180 A Nov 30
("v^ '400's" Nat Bond & Share Corp-t—No par
22% Oct.10

12% {

3T^:'^£' 35.%-

'

-100

National

5,700
2,000

.

vl-

National

6,300

-

Corp—1—-5'

NashvUle Chatt & St .Louis

3,400

,36%;
14% ?

14%

<

23

.

36

<

.

35%" 36"% a;,

18"'

xl9%
39 ">

35'

7%

*179%. l85

"

163

*159

30%

V-f.;: >23/V

37%
14%

16

;
•'

353/4-

xl7%

>.35

104

*103

185

'

'•

'•

25%

.

30

11%

'%* 36%

16%

gf,

24

>>"11%
37.,-.

■

35%

19%

183 3/2

293/2
14%

94-,.,;

*

3'5>/2

20%
21%;
> *39
>'41'">"
24%
25' V.

.:

253%

%

15%

*24%

•

T85

14%
37

:!■> 34%

85.3/2.

f16%

14%
35%

34%

54'%
> 1%

-27%

14%

:

T'/b

11%'

>16%

> 1833/2

26%

*52%
/ 1%

11%

37'/2 .373/4'

'333/i

>184

!">23

15. >
12Y#-

15%

25

30%

*178

ir

•

34%

34%

24

14%

20 >2

105

24

15%

15%

30

29%

14%'
11%

12% ;

Nash-kelVlnator

40,400

-

27

28%
^

29%

...

11%,.

/

14'/2

V

103'/a

30 >

>35 %; .36%
; >16%
16%

.

37%

21

251/4

38%

38

36'%

24%

25'/a

*105

35%

» *39 >

42

24%

14%'/

>

19

.»

21 vV 21 '/j

h.

14'/2
34 >

17

■

39%

155/8

*241/4

•

16%-

*26

.

12>

,

15%

•

29%

14%

:■

16%
27

29%

'177/a 185 >/•;

24% '

,

>26%

'

15%

185:

24%

30

29%

;

'

24%

27

29%

30

16%

.

*263/4

25

293/2

*176

38'/2

•>

y 25
/1

185

V> *23'%

273/4,

2,

22% Aug
15

:

Jan

36

Deo

24%

Deo

26% July
102% NOV

107%

Deo

> 10% Jan

29%

Deo

10% Jan

33% Mar

14% Nov

RECORD

NEW YORK STOCK

Range for Previous

"

stocks

LOW AND HIGH SALE PRICES

Saturday
Jan. 4

Jan. 6
.

t per share

21%

22%

22

17%

16%

16%

17

108 7a

*106

>

34

»

*32%

*103%

108

108

102

*100

19

18%

18%

•:

,35%

36

*92%

94%

17

,*22%

*57'X

280

104%

104%
12

42%

242%

280

242%

242%

244

122 %

120

120

12%

31%
10

10

113%

*113%

9%
113%

20%

33%

10% > i-

10

197a

1007s

2174

20'

207/a

437a

44%

4374

4374

127a

12%

*12%

187a

177a

18%

*17%

>36%

367s

3674

36%

-

207a", 207a
44
44
>
*117a

"12

12

18 n

,18 7a

18

i

12

100

101%

'

43

-

___

290
600
500

10574'
*12
127s
*42
437s i '
2357a 237 '
*120 •; 122%-

V

'

239 C
'
122%vvv

-

v

; .A;

280

N Y
New
$5
N Y
N Y
N Y

1,000
100

•

62

°57
*232
105 74

12 7s

-

V

*120

$-31%.

-

35

Dec

37

106

Oct

109

105%

Jan

110

' Apr

20

45

Jun

27

1097s Jun

19

697a Jan

,

31

327a
VioVb

50

24,900>

317a y

-

207s
>43 7a

Aug
18% Jan

19

Sep

79

Sep 24

,

21% Opt

4

,i

3174 Oct

17

>410

Oct

Sep

110

Doc

Jan

19

5
15

129

18

Aug

117»

Oct

50%

.

Jan

258% Not

>126% Not

31% Deo
15% Deo

;
i

Jan

9%

105%
17% Jan:

11

Deo
Deo

112

Jan

May 22

36 X Jan

2* % Mar

Aug
118
Jan
i 19%

219

16

16% Feb

!

Jan

>87%

3974 Apr 20

i

X

1474 Aug

53

Dec

Mar

102%

288% Apr

Nov 20

119

Mar

18

9

223

.

Jan

41
162

2874 Feb

11% Nov 22 ;

Jun

38% Not
> 29
not
85
Not

;

19

113 Va Mar 18

14

Dec

102

Feb

Oct

Deo
Jun

75%
148

28% Jan

325 V

Jup 28

58%

35%
%

103% Jan

Jun

413/4 May 28
76
May 3

9

53% Oct

275

10

135

Deo

I 27% Deo

Jan

32

37% Feb .16

:

1674 Dec 30

Dec

45
Mar
> 21% Jan

18

Nov

88%

>

Xl6% Aug

353/4 Jan 16
61% May 29 '

i:

Deo

Nov
•

47%

32

343/4 Apr, .5

5.

100
100
10

Western Ry—

8

50

26

Corp——No par .
No par
No par.,
50
pfd—100
Corp part stk
1

Shipbldg
Noblitt-Sparks Industries

Oct

>

Sep 23

36% Oct 10
13% Oct 10

A

non-cum preferred
& Harlem RR CO
Power & Light 3.90%

50- > Norfolk &

V113

9574 Oct 29

City Omnibus
Yo-rk Dock
.

Sep

38%

^

-

...<

,,

100

X4374 May 24
1107a May 27

30

26

:

I1-19%

2074''

20%

100%

20%

100%

108% Mar

. .Adjust \%
non-cum pfd
237a Oct 30.
North American Co
9 7i Dec
4
97/a
10
i vVv8,100
• North American Aviation
1
111* Jan
3
"1078V, -A; io
115% > *113% 1157a if
*113% 115%.
^ 10Northern Central Ry Co—
-50 /16% 0«t 10
:• 19% > 19'%:' ,""•••••'• 18%
19% M ^ 10,900 % Northern Pacific Ry_——100 %
>20
'
.
,'v
*
Northern States Power Co (Minn)
963/4 Dec 17
V100% 10074 f.A *100% 101%
1007s
V 180 ;,
Cum pfd $3.60 series
No par > 18s/s Nov 21
,2074
20%
118%
20 I
7.400
-Northwest Airlines Inc————10 . .44 Oct 19
'20%
4278
43
4272
427s^
«
*390:" Northwestern .Telegraph—_—50
43%
9
Nov 22.:
-127a
1274 /v
1274' 127a
1,400 V Norwalk Tire & Rubber
No par
127a
16% Dec 13
:-*1772 ' 18%
; • >17%
"187av
r
400
/Norwich Pharmacai Co—---*-2.50 >
187a

32%

<

*113%

115%

■

43

.

104%

237

v

.122% A

32;

•O

.12

-

437a

*120

121

*113%

r

238

•

20:

20%

*99%

238

10

10 %

115%

280

104%

12 % /-•

♦42

327a

3 2'/2

31%

•12 7B

43

242

121

30%

V 62

105%.

.

>

23

1774
247a

1774
*2274

•

17%

A

23

f,

•

*232

239

122%

>

*57

*232

62

*104%

427a

42%

■

104%

12 7.
•

*42

*17%

>:

2374 >

*22%
*57

280

104%

11%

11%

*11%
*42

'

"

177a

.17

v

62

*232

104%

104%

-

23 7a

*58

280 \

*232

232

1774

17%
*22

62

Feb

18% Nov 21

—100
100

-

23

*57

65

287« Deo

103

323/4 Jan
22

*

v:

94

V

17%

-.17%

25

17"
*22

—.-1:

,

v..

43

15% Mar

109% Aug 29

30s/s Oct 10
27

\$ per share

t per share

f per share

;

4

Dec

106

.

-

,

19%

19%

%

36

——100;

/ 103%; 103% /i. *103% 104 X!AX;>;;tX90X;./'
3%% preferred—
108
*107
"•>108 •' 108 \"tX;X»107
109%^r:;;r>:it>40 ' New Jersey Pr & Lt Co 4% pfd.100
108% 108%
;
39%>::XXX 3,100 ;> Newmont Mining Corp—
10
40% -• >X 40 XX 40 ■■■M')}:•*.'■ 397a
40
* X.
397a
40
2974
30 '
28%
29%- 2,400
Newport Industries
>
29%
29% 30
A 29%
102 ixs.
100
100
*100 ;■ 102
Tv'• >'■' 10 54%% preferred—
100
*100
102
V *100
19
19% -J>>.;A"'< 19f
19%
2,700 '.'Newport News Ship & Dry Dock—1 .
197a
19 Va
19%
J/., 18%
437a>, ,?4172 -447a
437a
437a- ' 600 f New York Air
par 43
X *417a
42%
r'
187s
1872
17%
187*
29,200
New York Central————No par
17%
17%
18% /•:
18%
>»34
-35%"
34 •
34
500
' N Y Chic & St Louis. Co
36
*34%
35%':,; 7 3" *34
*937a
947a
' ,94
• 94
(
1,200 y(
6% preferred series A
95
93%
.95 ^
£ijjf
103%

Highest

Lowest

>

•

-

32%

-."f. •103%

Year 1945

-

Highest

V

.

93%;

v

1087a

32%

'

-

r

''

•:,

102

*100

v

18%

18%

.

30%

29%
:

44%.,- XX 43

*35%
.

40%

16%

'

19/:.- /

>

*42%

93

108

,40

29%

"29%

^

103%

r

39% 4."

*39

33

104

Range for Year 1946

■

.

.

22%

16%

*106 7a

1087a ' 1

*103 %

103%

2274
7-

17%

*32%

33

*32%

/>■

104

*106

A

,*106

108%

*106

$ per share

Friday
Jan. 10

;

Thursday

Jan. 8

••

22%
>

"

Sales for
;
' / NEW YORK STOCK
f./: /'Lowest ,
Jan. !>
,7/
the Week
v
' . . EXCHANGE :>X>X>XV
I per share
$ per share
X> $ per share
Shares
V// r>;>,"*XX r Par
18 3/4 Oct 10
2274
2274
2274
22% >', / ?,100 ; ,. Nehi Corp
No par
16% Dec 31
*16%-'177s
'
177s
17% ;>XXX 600 • Neisner Bros Inc ney
•
1/ 104 Dec 9
*106% 1087a"
*1067a 106%> Hx/:.-:
4%% conv serial preferred—100
257a Nov
8
*3274
33
•>•'■
33
33
500
Newberry Co (J J) common.No par
103% Nov 27

!

Wednesday

:

$ per share

$ per share

a

21%

*20%
*16%

<

Tuesday
Jan. 7 X

Monday

1947

Monday, January 13,

FINANCIAL CHRONICLE

THE COMMERCIAL A

>

..

>

■

-

104% Nor

,

Deo U 57 X; not,

Jan

t S!

12%

Jan

107%

Jan

46

XX 63%

26% Mar

3

1974 May 15
25

,

-

Apr

8%

3

85% Jan.

'■

m.

8 :

56% Jan;
■

May 23

15

Deo

<

11% Doo

:

,

Xxf >x
V*

353/4
*108 7a
24

••36

35%

21%

2274

102

;

*25

•">

161

; 23%

*23-

*21%

23%

,23%

77

102

100

.

•

767a

-77

•,.76%

!?-. 105

*90

.

.24 •■>

/

24

24;/.

„

!

77/,

fy-i.

100

76%

410

11%.

2,000

112

19

Jan

.

29% July
1
2274 Jun 14

■

Oil Co—.—

*23

11%

i

50

100

v.

77

Co_

35 '

49% Dec
2
•86% Oct 22 «

2.50
No par
12.50

-—

Glass

<180% May.

> Sep 24

;

Jan

t

;•:

Jan

t

;

34% Not
36% Dee

,=•

168

18

<•

NOT
DM

DM

79%

>

Jan

,

|

Dee

.

32%

X

22% Jan

>74:,. Jan,

6

Apr

Dec

xll8%

>.

Jan.

155'.

7 ;
17

111% May 29
100

69% Nov 26 ;•

X

Jun

i

.X119 , Not
18% Deo

X

'

>23%

2 :

39% Feb

Oct 10;

26

158

—.100

i

Owens-Illinois

2,900

s

No par

—

Outboard Marine & Mfg
Outlet:Co

>40,

.

77%.

v;

com

preferred

6%

:

200

*93

;

-

Elevator

Otis

3,600

163%:

:31

:

Jan

13%

If

;

Jan

107

i

:■

DCC

^'34%

106% Jan

51% May 22

Dec 31

25

———10

Oppenheim Collins

900

23%

;>

29%
.-.*162

v

30:

115% i

i

Jan

> 24%

Oct

112

:.x28%'. Deo

16% Aug

,

.

*115

24%
161

.

d!

87% NOT

.

,

>■ 11%

> *23%X24%
; .,*92J.» 100 77/
77%

X

-77%

17,600

103%.

30%

161..

i24 %

*23

v*92 X

<

,

;103

30%

30%
161%

300.

22% .23%.
"103%

;,115%

.

> *23%

24%

,

29%
*160

1617a

*115

>

21%.

21%,

80% Sep 80

1087s Jun 261

»-19% Feb 26

No par
X 21
Sep 251
Oklahoma Gas & Elec 4% pfd—20
X 36
Jun ' 3
187s Nov 22
Oliver Corp
No par
">>99% Oct 14 xll9% Jan H:
:
4%% convertible preferred—1Q0
t
177« Jan 18
>' ,1074 Nov 23
Omnibus Corp (The)
—.6
X113
Sep 11! ,120 * Feb 11
v".8% conv preferred A
-.100
Ohio

9,200:

23*/j

.

i-

100

preferred

4.40%

100

i

111 -

23.

;

,11%;; 11%;

1157*

24 y2

:

31%

307a
*160

;

-11%

11%

*115

245/a

23%

f: J

25

H

11%,

>115% 115%

.103,

102%

102%

102

;

113/a

'

:

23%

23%

>

Ohio Edison Co.

1,100

38%

.

*109%

21%

J 23%

161

'

*90

93
77

'

21'/a

22'/a

30%

30"

1637a"

93
V

*213/8

233/4

115%

25

26%

30 " ; 30%

*22%

21%

22%

11% '11%
*115

115%

*161

217a

v

103 V

102,

"

117a

11%

'/ 237a

21%

*213/8

22%

102

23%

24%

23

21%

2274

*115

23Va

110%'

'24%

24 :.

24%

>

*109 7a

38
*109% 111'.

*109 7a

110'v 110"

110

*37%

37%

;37
1107a

v>i.;

-■hi'-

10% Oct

■

*11%

51

•f'i' 24-V;

',..*61

v

22
'•

63/8

12-%

447a

44
6 78

-

22

*107

.„

110

:>•■

*107

A;

V
v: 32 '"V V V>

123/4,

.111%

;

>

83

-

>

107

5%

•X

*

317s

X

V-

/

1

31

127a A

V-

82%'.

;

/>

47

;•:>

45%

1574

14 7s

s;

9 7s

313/4 /
>; *30
*115% 118
21%
22-,;.' ::

*115 7a

25%

*49%

51%

*54

56

*17

vr/v 257a
513/4

>

•i'/..>*17
/ 26 •>:

2674

23

23

*85

',

*22 7a

*
•

•

110

r;

947a

v.

193/4

25%
*104

86

34

109

-

22

•

*22 7a

237a

*104

.•;>

35

,,

110

9%

$ per share

;

>

143/4

"V/ 147a

15

15

617a

60%

607a

60%

407a
v

107 7a

88

■

26%

26%

*147/a

*26 7a

1173/4

15

<:

$ per

60

*106

vxl4 7a

143/a

233/4

24%

,*93 7a

14%

? "1474
*237»

947a

233/4

*93

95

38 74

1087a

•jq

38%

*105 7a
*95 7a

98

"*25
*81

-*95 7a

■

>25 7a

84
58

*15%

1774

*3574

57%
„•

108 7a

163/4

107

13%

14

24

24%

*93 7a
40

1087a
98

25%

*81

84

573/4
16

36

*118

__

5874
16

36

'104

104
*118

947a
417a

>10574
98

163/4

27

417a

>40%

577a

573/4

1047a

'

13 7a

107

v

40

98

*257,
*81

567a
167a
*35 74

104%

■X

24 X

247a

41

•"

X

407a
*106

100

*24%
•i

84

*81

16%
36

1047a

25%
84

567a

-

417a

1087a

*96

98

257a

*17:..,

577a
1774

*3574

36

104%

105

273/4;.

2,000
v

>

1074

*97

99

*183/4

19

10%

-1074

98

103/4

*97

11

10%

>1,600
13,900

•X

4174

910

577a "•

»'

f

:

:

•'

11

107a

107a

$1
Phila

>
XX- Hi 4,900

13 ya

237a

24

947a

>•-':>

427a

■» 26,000

41%

*10S

•

v

->,f:
25%
*81
7 84 ;:X
557a ; 557a
*96

99

1774:
*35 74
104 7a

10%

&

series

A

Corp

pfd

Morris & Co. Ltd
preferred
3.60%
series preferred

4%

Phillips
Phoenix

Hosiery

"•;>'■

36

x

200

400
250

Phillips
v

57c

Pillsbury
$4

"

2,500

Mills

25
No par

Inc

preferred

Pitts

Coke

RR
—100
& Chemical Co—No par

conv

preferred

Pitts C

10%

Jones

cum

C

& St Louis

*igg

98

973/4

973/4

40

$5

19

20

19%

197a

197a'

20

20

207a

193/a

193/4

2,200

Pitts

227a

22%

22%

227a

22%

22%

22%

223/4

2274

22%

1,100

Pittsburgh Forgings Co
Pitts Ft Wayne & Chic Ry

97

*22

>199

207

>200

413/4
V/t

8

4174

For

footnotes

>

8

see

8

page

207

227.




41

42%

8

41%

*97

*1 Qh

»igg
*200

207

>200

42

98

8 7a

*198

4174
8

*198

87a

202

4174

413/4
X'

8

98

*199

*199

205

*97

'

413%
8

201

201

407a

77a

V

10

77c

Consolidation

Glass Co

:

Pitts

3,300

Pitts Screw &

Bolt

No par

Coal Co

preferred
Plate

5,000

4P/4

7%

No par
,_100
No par
5

Corp
preferred
Petroleum

v:.;.,400

•

100
1
3
100
5
100
100

Iron

Philip

210

; ■ ;

,

1774

1047a

Coal

Read

4,900

*24 7a

"

,

—No par

preferred

33/4%

200

v

.

&

Philco

20
'

1087a

,

1

1
100
100
10
~.N'o par

Jan

Feb

Dm

5% DM

;

•30% Not

Deo

30

21% JaQ

>17% Deo

6% Mar *
Oct

> 84% Mar

xl8

1057a Sep

11% Aug
* Dec

28

19 ;

Jan

tit

not

r

•24%

20% Dec
3374 Aug

14%

46

Dee

86%

Not

Jan

69

43%

Not

:

July
19Y4 Jan

X 21

,

' 2

5

19
9
16
24

23
19
30 "

3>
13
20
7
26
10
27 t
27
26

t per

43%

80
x48

May

63

Jan;

116%

26

Apr

41%

6
9

May 23

22
117% Jan 18
303/4 May
1
34 7 July 10
122
May 16
19 Ye Feb
5
17

47

Jan

102

Sep
Jan
Jun

10

Mar

Jan

13

Dm

8

Previous

Year 1945

Highest
$ per

v# per share
19% Aug
25
57

36%

115

Jan

21%

Jan

25

Aug

x

Not

122
x

Not

44%

Dec

74

Sep

113

Apr

567s July
107%

Sep

"

14%

Jan

•

8

11

44%

Jan

11

11

Jan

36

Dec

31
Feb
7

25

Jan

105

Sep

3
8
106
Feb 16
2674 May 8
May
157/e Feb

136

30

202
210

8
May 15
Mar 29

Feb

48% Jan
14.

Jan

15
30

•

<

Deo

35

Deo

37%

Not

108%
126

118% Aug

8% Mar

Deo

59%'

Jan

41

34%

15

7374 Jan

Apr

19%

12% Aug

Jan

Oct
Not

29%

•

31% Mar

Nov

Dec

29%

Jan

117

Dec

71%

Jan

'

108%

Deo

40 Vi

X

Jan

,

share

15% Not

Jan

9%

106% Aug 27

110

Dec

108

13
28

71

Jun

105% Not

Lowest

76% Jan

112

Jun

119% Not

,

share

> 1674 Feb

.38% Not

Jan

92%

X

,

Not
Not

Jan
Jan

30%

25

Dee

46%
49

37% Mar

Range for

1946
Highest

Year

Lowest

297s Sep 20
102% Sep 25
123
Oct 4
77a Sep 24
893A Dec , 6
1774 Nov 22
xl8% Dec 3
197
July 11
200
Nov 30
30
Sep 10
774 Dec 3

r

11
17
132
Jun 19
109V« Jun 17
43% Mar 18
109
Mar 12
X 14 Yb Apr 13

7

Apr
3574 Jan
29 3A Sep
5174 Dec
107
Dec
247a 8ep
27V« Dec
116
Dec
X 11% Oct
207a Dec
89
Dec
33 V4 Sep
10472 Dec
963/4 Dec
20% Oct
84
Dec
49
Feb
'
167a Dec

>>

r

36% Jan

3

$ per share

May

72

;■ 49% "Dec
17% Jun
33% Dec
30% Dec
113
Apr

21% Jan

40% Jan

Oct 11

>X13;>

DM

July

110

Dec

51% Jan

10

18

,

-

Oct

itVs
x80%

*7sy4 dm

2 y4

29 V»

37% Aug
115% July 15
27% Jan 24
47Ya Feb 16
517a Dec 31
68
May 22
115
Apr 22

Oct 10
Oct
9

2874 Sep
X

Dec

-

111

:

V

DM

>

x39% Not

r.

32%

30% Jan

ur<*1* **' ''l>'- •' v
Range for

No par

com

preference com

4.4%

70
4,200

•

137s

X

preferred
Phila Electric" Co
$6

Oct

16

•

106% Oct

> 16% Feb

V* Nov 26

14

29 •'

:•

XX-20

13% J»A
29% Apr

10674 Sep
4% Mar
56
J»a

57% Jun
45% Jan

21% Sep 19

X

^

25
preferred
50
No par

Phelps-Dodge Corp
Philadelphia Co 6%

1,500

>>•>

86

24% Jan

81'

37% Nov 25
43
Jan
2

:'• 75

No par
1

;

& Co Inc

(Chas)

Pfizer

-4,300

; >

28 :>v
117

v

100

Par

110

107
27

,

,

16% Mar
•

■>>

DM
>

"

1774 Sep 20

8% Deo

-^r

;, EXCHANGE

Pfeiffer Brewing Co

'•■r ■ .y.-v' '

8% -Jan

.

•,••'••

>110
Jan 12
207b Sep 24
25
Sep 24

NEW YORK STOCK

Shares

'

*10%

Petroleum

the Week

*116

*116

„

'/>

;

100

preferred
Corp of America

35% Aug

227« Jun

28% Feb 25

No par

Co

2nd

474%

Sales for

947a

X

*94 / >95 7a

106

v.

27

117

117: >.
14 >
133/4
>

95

58

X

*116

24

10574

28

27%

> 107
>

27

267a

13 5/a

233/4
*94

*115

X

v

2772

11774

-

1,700

:

;

X 587a

417a
*103

277s

*116

277a

25 7a

57%

267s

117

98

36

36%

27 7a
117

267a
84

*81

104

104
*118

40%

*105 74

26

*57 7a

277a

2774

9%:

14% >

1474
58

.,

X

Apr

7% Jan
48% May

,

2
674 Oct 30

100

preferred

Milk

'•

ii

100

5 %

Pet

-jp-/

share ;

'Xi'57%

57

11774

?';-

Jan. 10

:

15 >

147«
*59

413/4

*117

108

t per share

59

567a

*2678

2774

*117

200

XVFriday

Jan. 9

•X

100

prior preferred

v

12% Dec

■

5%

'82

64% Sep 12
40Va Nov 22

-33 %c

Co

Marquette Ry Co—*,,.

Pere

700

34

.•

'

407a

107

HX

Pepsi-Cola

39% July

10

Nov 21

3% Sep 19

-

_No par

Corp„

'

3
26
Oct
9
12
Oct 10
11% Dec 31

•

May

110

35% Jan

7

—

:!;• vvix. STOCKS

X:

573/4 •

267a

-

300

*105

Thursday

41%

106 7,

X

'*

87

XX, 9

2774 Oct

:

100
preferred
.No par
Penn Power & Light Co
50
Pennsylvania RR
10
Pennsylvania Salt Mfg Co—,
5
Peoples Drug Stores Inc_^
100
Peoples G L & Coke (Chic),,
100
Peoria & Eastern Ry Co

PRICES

577a

27

600

108

87 >'

93/4

40 3/4

1077a

223/4

18,300

*32

;;

587a

107

:v

27

227z

33%

/ 108

42

AX 26%

1077a

'

'

:•

95

-

58

58

100

>

108

41'

>

41

;

58

400

X
X

26 7a

110

>■: "59
'

4974

*173/a

t per share

15

X

26,100 x

>■

Jan. 8

;>

;

>

8,800

-

X > 800
95%
18%Vx T >v 200

.

Sand

Glass

Penn

-

Co

>90% Apr

52
'

10

Coal & Coke Corp

Penn-Dixie Cement

100

;:>

54

:>

19

Wednesday

;

Penn

Sep 10

105% Oct 24

1

—

Apr

14% Jan

56

_No par

Corp.

111

474 Dec 13

Jtopar

Penney

Dec

100

Utah

Penick & Ford

8
8

373/4 Jan

5%

49 74

9574

*9 7a

HIGH SALE

$ per share

31% '

X. 54

56

223/4

♦105

Jan. 7

■

'

1,900
9% XXX:
.■»'X-;> 1,800

'

Tilford Inc__

(J C) Co
3,600 x;, Fenn-Central Airlines
7,200

•

16 7i JM»

9
22
30
10
25
1
11
30
29
21
13
17
29

56% Apr

*

Jun
175
Aug
>x io 32% DM

~0

10

2074 Apr

•

Oct 10

13

..

x.

21

*30

26%,

*103

v

<['>■+

1472 5

9
X 21.X

50

*32 7a

62

143/4

*60

'•>

4.300 <

46%

467i

133A

,

217a

2274

X

9%;

AND

1

-500

500

•

Jan

;

>

160% M

5

27

46

lS%';

22

100
—1
1

conv

&

34% Apr

X12% Feb

Consolidated Mines—1
Parke Davis & Co
Jio par
Parker Rust Proof Co
2.50
> Parmelee, Transportation—No par
Patino Mines & Enterprises
5

1,900 *

12% V
X 84 >•

>83%
'

:

>

•

25%

*84'

Jan. 6

$ per share

>

Tuesday

vL>;

463/4 " i
14% 93/», ,;•

4%

21

Oct 10
-11% Dec
2

X 18% Nov

—No par

Inc—

Oct 30

W5%

-1

Prod & Ref
Cos

Paraffine

Park

2,800

21%

33%

9%

127a

26%

109

*105

f.,

13%

2574

*1574

•

Dec

5

-

—.—-.100

preferred

4%

Park

2,100

•

,i

'31

137,

2174

85

33%

109

V

17

23%

XAVX.40%
*307a

;

53,400

3% X
-42 y J-

.

25%

*54 ; :
■X 95

Dec 30
16

2
164

Vv

'

;

Not

DM
Hot
xi0% Got

>.42

•

Jan

48:

14

24

13
2% Dec 31
181% July 17
11% Feb 26

160% Jun

•

preferred
/Paramount Pictures Inc

X 1,200

■

21%

*49

27%:

85

•

Vv-

LOW

Jan. 4

•

300

*116

>

Monday

Saturday

•

X.

25%

:

947a

»■

26%

x 53

37/a

-

116

5.,;

56

17

•

::

">

-■v

> 84

>

Apr

;

> 89%

24% Jan

17

67% Jun
-48

122% Oct 30

No par
Pan American Airways Corp__^2%
Pan-Amer Petrol & Transp
~5
Panhandle East Pipe Line—No par
Panhandle

9,600-

-.

217a

51%

•':.

i

313/4

*30
*

26

94 7a

.

1974
277a

9%

'

5178

94%

217s

:

30

*54

56

,

118 iv

21%

,

513/4 V

86

9%

9%

30

110

*105

;

257a

86

*33%
V

:

26

*105
•

34

:*105

:>■

*54

957a

*94

,

97a

22%

313/4

1474

97*

217a

•••

31

;x

123/4

12%

'•/

22

-

60

28 7a >

28

,

13% /

137s

46 %

15%

,

.

4,100;
:

(

O

*71.. „* 73%
*107 X 110

:

PP! 51%

v

367s Oct 10
28% Oct 28

-

Packard Motor Car

'IOO

>

107

SVe

-

XX-

29% '

827a

,

•:r 9;- V':

8s/s

42%

VX-

X X *106

X.;

,'4

<

,

19,300

•

15% >
4374 -

y'

:■

57,000

;>vX;a2%.fl2%>;;

Ui *14%

>7 4%
41%
42%

31;

V"

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PRICES

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footnotes see page 227.




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5
Nov
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Year 1945

Year 1946
A
A/A/4' Highest;/,
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;

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130

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54 A

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.

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"

' ' 31

Range for

SALE PRICES

'

>

Jan. 6

9 per share*

$ per share

Tuesday

AAA*

A Monday

Jan. 4

19% Dec

,

V» Apr 20

.

•

Saturday

.-Jan 29

24

l

.

Jan

45 " July
A. 66% Nor
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41% Not

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112
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107% No?
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: 40 - Mar A
23. £ Deo
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Dec
v
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May 11
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56
Dec
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Feb 16
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i

,

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47

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30 y4 May
9

A' 69% Jun 18 /
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.

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28
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Jan

55% Deo

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38%

Volume 165

Number 4559
-

NEWYORKSTOCK RECORD

LOW AND

Saturday

Monday

Jan. 4

i

;-

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7%

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>7

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16% Deo

Jan
Jan

98%

11% July 22

Jan

121% Deo

July 25
1

27% Feb
7
22
Apr 18
110% Jan la
200% Apr 23
49% Jan 10*

May 14
25;- Nov 21

Sep

4

4%

24

•;••

4

Nhv 22

77% Dec"

32

46

28

Jan

54

187
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preferred

23% Aug

17

9% Jan

3-

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14

20% Apr 10

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18% Dec
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7

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77% Uee

160

55 Ya Jun

41
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Oct

176

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72

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128

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58% Jan
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9

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52

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22

50

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144%

89

NOV 30

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par
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166

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„

.--—25

Universal-Cyclops Steel' Cdrp
Universal^ Laboratories inc
Universal Leal Tip

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142

29

60% May 31
Apr 24
39% Dec 30
106 - Oct 25

Sep 26
65% get 10

Corp—eommon

non-cum

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300

•

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Jan

84

40% Oct 30 1

••

Stockyards Corp
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•StOW»^

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6% Mar
30% Mar

25% Aug 21
11% July 23

"Nov 23
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0

^9

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1,600

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44

26

36% Dec 26 •
100
Sep 25 •
48% Nov 22 '
.144
NbV 25 *

preferred

V. S Tobacco Co

700

8% '

-

.Dec

Highest

$ per share

13% Jan 29

2

9

S Rubber Co„„J___

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2,000

25%:/ .':*/. 25
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25 V

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Year 1945

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i per share

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Vertientes-Cainaguey

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Victor

Co^a
Shreve A Pac R^
non-cum preferred-.

'

30

;

39%

;.

36% /

*48'/4 .;39%

*90 / jif ,f*80.>- f -90
4l%'-"/41 %;
- i' 40%
41
; i
.1,000
i,39 ;:i;39%; ^,.;;38%-. 39%
|7 ; 600

:• t •
-

:

*36%,->. 36%; •/

160

/

r;

*148 .-160

-

-

36%|.4 |36f,. -/7

36 %

7

•

*148

100

*148

t

117% Dec 10
80

/.Jan 21

&mt*.

10

100/

145

50% Not

24% Deo

Feb

53

86% Mar

15

July
*

170-

104

Deo

103 >

Deo

Jan

24% Jan

"3%

45% Deo

Mar

8% Deo

59% Jan
118

81

Deo

124

Not

83

Sep
Jan

57

:

3

Deo

45% Jan
36% Jan

45% Jan 30
52

-

Deo

90%

May 28

,

"

,

160

22%

Jan

13% Apr

108% Aug 23
127/8 Jan 29
99% July 10
123% Apr 10
105
Apr
9

5% Dec /v 5
63% Sep 20

>

Mar

"

115

/ 53"

<

-Virginian Ry Gp-___„_
v—^-?5
; 40
- Dec
4,
6%
preferred
__25 /• .37
Sep 24
500
Visking Corp. (The) class A___^__5
•32% Nov 21
20- Vujian
Detinning Co_
130 ytfr Oct 10
100

\ ■•-#'•

36

7/,-145' / 145,, :,7'/-%il40,v.150

>i

div partife prefered.
& Pow $5 p*ef__!_-_
Va Iron Coal & Coke
5% pfd-^lOO ^

% Va El

>

■-

•*40% 141 %•

preferred

34% Dee

13

51 % Apr 30
113
May 28

83% Oct 19

6%f

.

*80:

30

91% Nov 15
36y4 Sep 12
100 k Dec a 2

Va-Carolina Chemical/-

,

901

cum

;

>

Chemical Works. "

3%%

/•

Oct

21% Jan
732

25% Apr 30
58% Apr 24
26y8 Jun 17

•

Sugar. Co_6%

Chemical

Vick8

'''SKSS

"SHy/V/.

Raalte

.

•

41

150

Vanadium Corp of Adn.
Van Horman- Co.

1,800

-

'

'

90

*140

1,700
1,700

17

.

,120

*148

;

18%

•

*37^-^38

.

*38

18%

%,

-

.

!'

*35%

.

19%

1,100

49 >/;
101'/a
6%-,r; 6%/
*70%
.72%

:

18%

;i|'l7^i--17%%;i''r:i7tt;;

38>;rHa:/38/;g38%

20%, 20% *
19%
20%
7;-4,300
'.'
:34;- --.35-;: /-i •• *34,^
>:35T.
// *8992;
*89. ' i- 92 7 " ./
f,
i; *89 >,-■>■' 92 1/
f 86
©7,
,
?86
97
•
- *86
97
i-Vj1'
*47/ r«8 %
% 47
*47% v'
-46 /'»40
1,100
i7 101%, 101% •, *100
•r
f; 101% i- *100
ilOl
30
.6%.'..• 6Vz ''-.
6%. - 6% X''' -,■
6%
/ 6
5,000
f71% 72, f*: ' 72%. 73 %7i.0iTi73y-fi 73%/
900
119%- 1207//-/.
119%120V2*118/ 120% t-v; !:/• 330.
'i *-80;-'w

92

*100

,//,

.38%
36%
;t *140 r / 150
V148 ' 148
,.,*

160

'

.

*89 /,/

71% i
*119% 120%'if 1120
*80 4/ 90 ^V.
*80
*40% • 41% ; v

.39-

35V*

37

19% "20%,
347/a : 34%

i- 48

i>

:/.71%

.

t *41

48

>

''

'

■'

*86

noa'y 101%
6%
6%

;

6%

35%

97

-

.

48

*■

.

101%

1/ 6%

'

'

■

17%

-/.-

35

;;

*20

;

19%

16%
36

35 ;.-

.

|g:j

18%

^

•'

*'

S

--

-

i

'

22

5%

v.

-V. 8%
r

21
a

*182

186.::,

,.

:31

9

;

8%
*104 :•

9%

v*

*48

■

5%
,W

9/; ,;

;

*104.'
9

5% '

•;

*20

.

•>

50

5%
-8%.

:

-•

1:26/ .,26 %
85%
85%

85%

«-

U,S Leather

500

;r, 6,900

■

401/4

-

•

'

.

9-1

*95/;,,

f

188

'2626%.

.,

/ 22%

*48

.>91/4

8%

72%

■

21%

21

%

*9f

'701/2;'>,•.«•'. *70

39%

900

!

17.'.
91/4

'

9%''

411/4

"

,'t

■"461/4
48-78%
78%".-" 79 '^/■ 70-'-'-•■'•" —*79- •
80 vr
<< 71- r-X72%"%"''>
-.72^>.-r72%
-.''-70%- 72% - {
-f 145% 145%
*145% 147
-v 145% 145% 0';

'«•

-

.'I'/v.'.

„

-

/

48

81.

145%. 145%
■■

.

;

106

'

' t :•

(40

8%

9

91/4

40%-

.7%
26%

-

*78%
71% '

•"5%

9

.

;

9

7

20
•

N

-

48 i/s

47

•

47*

5%

9%

70% "

26%

.

ii 16%

17% •

9% /

;;

\

r

i

-7%

Highest

Par

,

«

991A
22%
,v

9%'

40%;; 40%

27%.

T,.

LxJi+iJiV,

■

48

,•

5%
.

■«.

".ayy ■'..
V 99
22

■>0
22

*91/4
v

-

•

i-'",

Range for Previous

Range for Year 1946

Shares

,

..

81

27.%
*26%
17% ; "//*• 17

.

$ per share

-7%

NE\V \OJfctlV STOCK
EXCHANGE

the Week

"

71%
71% - 73 '?
144%/,/ — 144% ' 148

*••'144

.

*77%

',i'

i 40%
;. 72 %""i

*71/4:

STOCKS

Sales for-'"

•

-

Jan. 10

$ per share

.

7%

'

Friday

;

i'T<
y7-$2Vfc
*70
; 72% ;
38
;'C •.*.371/4-* 37%/Vv7.37%' 30 Cy' /':
36
37. • '
102; -1QS
" *101% 103%; v n01V2'102%; '*101% 102% t
621/4 - 533/4
51% / 531/4 "
53 -4 r 53% - y v V:51 V4
52%;
148% 1481/2
148% 149-.
149 .* 149-1/2*149 "149%
!
481/a .*491/2
46%
471/4 • -7. '•• 48
48%-;**

;; V

•;', '.v48% .' 50

*26%

■C 17%

9%

/

*70.

:Y37%- 38%":
102

Jan. 9

$ per share

7'/a..'

is%

9%
40

■

"-

; '. 52 %; 53%
-•.*- 147% 147%

48%

70..'

70%

72%

--*101%

.149

48^4
•

Y/; I

17%

41%:,-

*70/:.

S:5i>-V52%
*146

•;■ 40%

Thursday

Jan,. 8

-

.

.

'7%
,*v 26%- 27

26 Vi

PRICES

Wednesday;

i '7%

•

17% ' 18%.
,

*7© ••• •; 73;:
30
A 38%

SALE

per share

1/:.-iv;*9,J//.9.% V

40

•

7%"

261/4.

.

■

7" >'*9 -•// 10-;
--

,

yv! $

$ per share. '

..25%., 25%

-.

Jan-®

■

•''],> $ pet share

HIGH

Tuesday
Jan. 7

55

Not

-

43% Not

Apr 29
120

178 / May 11

Dec 14

Mar 29

Mar

1GB

Deo

145

Mar

173

Dee

7/7;
v

ill

">.vH

70

70

*17%

*69

17%

35

v

74.

*«9

17%
36 -if;

17%

.

*17%

75.3

*69%

18 7/7

75

*17%

'

17%

*69%
■

*

73

■

X

,

.

70%

*17%. 17%" \

i

-70%./:

; 17% :-. 17%
36 "
36%
*33%
36
35%
35%
•"'.34%. / 34%
•
104% 105% I
*104% 106 &7
;*104%.105%- • *104% 105% •.24
*104% 1053/4 : y
24% ?.;:i .24 7/ 24% i
24
24%
23%
24%
23%
24i. '
•'
;/ 12%
'23%
12%
23%
12%
-7/ 12%
13%
13%
-.12% y;%2fo t, • ,12% Il2%-:
16%
16%
".1?%
12%
7%
17%
16%
17%
16% * 16%
,
16%
16ya ' •/'
*103% 104% v 77 104% 104%
16.
16%
/
*104% 105'W
105
105
104%r 105^7
'' 10417 y»
17% '
7^17%
17%:.
104%
17 7
17%
16 16%
16%
•24
16%
:
26
25%
155/fc- 16 y4
25%
*25
26%
25%
25%
%
-25%
25%
i; 36%; 3c%
251/4' 25% m
36% ;36%
35%
36 77 35%
36 /
551/4 ,36.
26 ■?*;• 26%
05
7. 25%
-7-5'"/}
351/8
26 -•
26
.7 26-7 26
26%
77
*26%
26^4 />* j/7 26%
*20%
22
22 - i 22'% V>
25%'/;.:21%
22 »/4
I 21%
22% *
22 Va'
,*21%;-22%/:>::, *22 V
24^r 24% ..:■
25
25'
>
-25'A
25%,->
*24%
25
24%
*35
24%',.7 --• 24%
24% >4':*
36
V/ 36/7|//i *35
*35%
36
7/36 /:■ 36%,
30%
37
<V
''7/ *36% 37
■h#:'
'12%
12%
12%
12%
12 ;
12%
11% 7-1? %
12%
12%
41 :
11%
41%
12%
740%
41
/ 41%
41%.
41 -V, .41'/a
-41%
42
*87
i: *87
"
41%
'88 %
7
88
•if 36%

35%

*105%

.

:•/

107

200

Wabash RR 4%%
Waldorf System

'

300 •"'

1,600

•8'L I'--'

•

-

'.V.

'">/"
1

''/

.-///>,/>

/...

.

"://y-|.-:/
:

f

87%

■■.:&£$■%

33 %

1

>33%

■

■

"'X
■

•

f■
"-:.Y

'

400

,/

•/

33%

v;

34%

/

7/',' 33%

87%

34

.

-7*87-

7|

425/

.

88

*87

: 33%
33%
*110% 111%

88

r 33%

'

,

*87"*

77

Webster Tobacco
Wesson Oil &

Inc

111%

7-7 111%
J;

120%

,

120%

.

HlVa

*110 y»

111%

;

,

•

131%

/Y'/y/'Y

10

■

'■i«yW'.?l%3w I

.

115

Jari

■

•

>

,

35

57

Jan
2
*V 5% Sep 13
14
Sep 12
27
Sep 24

"

.

,

.

-

2

..

-

-

Oct

10

,

11% Oct. 28
26% Oct 10

>

91

,

>

.

^

Dec

r

16

.

;

98

.

NOV 27

,

/'

■

,

Jan

.

26

,

ll%

Nov 21
y6 Sep 11
30
NoV 19
5% Oct 10

81

-

•

.

..

9

34

.

47

.

-

Wyandotte Worked

"MM'
Saturday
Jan. 4

•/ Monday /,
v 7; Jan. 6:/",

# per share

Co

.13% Deo

t per share

/

•«;

Tuesday

Wednesday

i;:/ Jan. 7u

Jan. 8

;

t per, share

-

45
>16%

.19%

•f76|

-V*r7

45

45

16%
19%

16%

16%

19%

19%

66%

/

45

66%

18%

$ per share

42%

^

'i-

'i'-} '■

*

45

<

Thursday
Jan,9

r.,

?

| Friday
,

$ per share

Sales for

£s7{ Jan, 10.
J per share

JSfOCKS

'

..•

'•■

-

v

17%

65%
17%

T-r >

13%

29
13

25

Deo

Jun
19% Not

Jan

22
Deo
138% Deo

Jan

22% Jan
;

37

Not

53%

40% Jan

Deo
Not
Not

38

Jan

70

79

Jan

100

10

80

Jan

Feb

4

75

100% Not

Apr

1

25% Jun

)B

82%

67

42%

16%

16 J

42%
16'A-

19%

>-

19%
66%

19%;

19%"--

19%

19%

-

67

67%

66%
17%

66%

"

17%

x

65%
17%

18

1

•

i

per

share.

Jan
69% Mar

110

Not

84

OCt

Range for Previous
Year 1945

Lowest

$ per share

17%

18

.

7

18 V4

.

.

41%

1.5%..,. 16

.

1,900

Yale b. Towne

3,000
1,200

York

6,200

1,500

idlit

Co.

33

Corp, ->;.7T.y

Yotrng Spring/& Wire.
Yeungttown Sne.%
Tube.
Youngstown Stctfi Door.

Oct

10

13% Nov 25
to par
.No par

15% Oct 30
97% Sep 24
15,
NOV 26

61% July
v

$ per share

1

32% j«a

'

27% Jan 31

13% Jan

35% Jan 17

19% Jan

83% May 31
31 .Jan 29

39% Jan

,

,

Highest

t per share

20

Mar

47% Dot
24% OOt
31% Dee
70% Deo
37% 8op

19%
9%
*4%

•
-

—

Oct

12

26 v*

.

16

b\

■^r-

14,

6% Mar

31

Range for YeatJ.946
Highest

■-/;''

Shares

"

19%
9%

May
63% May
.74
Aug
100
Apr
103
May
106

2

Jun

Jan

Dec

'

NEW YORK STOCK
EXCHANGE
'-•*

IheWeek

42%

"'16%'./ 16% 7 ;
19% : 19%.'./

67%

17%

Deo
Jun

35

47%

LOW AND HIGH SALE
PRICES

Par.

.

.

Sep 19

84% Sep 30
87% Sep 27
75 % Dee 27
59% Oct • 7

_

18

128

43% Sep 10.

'

Oct

31% Deo

94

52

Mar

Deo

30

160

'

15% Oct 29
.142

Feb

103

jan

Feb 26

95% Sep 24

.

,

78

47%

26% Jan
8% Jan
83% Jan

5

;

Deo

107% Jan

.716% Mar
10% Jan

Nov 22

Dec

43

Jan

May 21
12% Jan 29
26% Jan 16
21.
July Id
101
July 26
21% Feb
7

12^8 Sep 19

1

,

45%

31% Jan
87% Jan
/; 21%

Oct

Oot

38% S>eo
37% May

105% Deo

181,% Aug

36

.

.

*

>

Oct

64

10

62% May 29
107% July 26
44
May 20
44
Jan 28
23% July 10
IPS
July' 11

Jun

56
35

31% Aug

11

Jan

21% Nov 22

.

:

57% July

30% July
/ 27% Feb
100

Deo

Dee

92

11

100

/

61

14% jun
37% Jun

27% July

39% Jan 30
>.63y4Jun 18
: 45% Jun 27

/ 72

7 27% Feb

.

v

14

Deo
Deo

8%

30% Jan
64% Jan
43% Aug
26% Jan

17,

Oct 23

90% Nov 23

40
115

Deo

32% Jan
47/a Jan
13% Feb

14

41% Jun

112
Deo
118% Deo

Jan

3

Not

113% Not
118% Oct

Jan

10©

17

Dec

37

,

Jan

22% Mar

107% Jan 31

36% Nov 22

Not

89% Not

101

14

Aug 20

100

38%

113% Sep

.

T 63

Dee

Jan

Apr

23% Mar

;

24

95

39 / May 7
•; 29% Nov 21
;

.

-

V

'

.

.

16%

24

16

Jun

~47%"Deo

84%

May 14
Jan

-

Deo

May

9,

Jan

32

109% Jan

32% Jan

7

21% Nov 25

.

s/.

;1

Dee

33% Deo

100%

Apr

101

18% Oct 30

Dee

50

21% Not

I

7

_—

.

"

16%

105% Deo
;

Mar

1

53% Jan

.

71:.

,

Oot

6

Jan

;/ 90%
713»/8
■-ii 32%
50%

,

Deo

30% Jan

116%; Apr 11

•

14%

14% Aug
24% Jan

16% Apr 20
43% July 11
89 Va Aug
8
45
Apr 30

117% Aug

16

Sep

Jan

20

; 119%
May 16
53 % Jun 10

8

111% Sep
•'•7% Dec

■

>

Sep 13

Deo

110%

8%

31

| ; 119
Aug
•/;. 122% Feb

4

32% Nov 22

.

,

-

113% Oct

-

,

-

'■iHI

106

.:

.

Dec

Deo

Aug

91% Oct
29% Apr

29% Sep
5
47% Jan 31

'

'

.."

39

NOT
;

"i%

\ 35 y4 Mar 14
7 34% Feb 10

■

Sep 10
Sep 25

108

1

'

?

78

Jangle

Sep 20

29

,

.

4

105

7

50

31% Sep 19
85% Sep 30

33% //^•|32%
/
333/s
111%
111%
>7 1QO
120% i
West Penn -Eltetric
*1191/4 120% / i-77'119% 7119% / 7
class A.
V • 120%
.A/119%;,i 19%'
*110
1205/a
110%
loo. /> "7%
110% 111
7*111
112
*1117
preferrfa_—
112;
*111
'_-7_.
/"/ill 7 ill :kf
115
111%
115
*114
115
/'•;i7'/ 40
114% 114% / 7 *114 77 115
6% preferred—
£•
^14 '•'".US .7*114
40
115 /' /:
40 7
40
40
20
39%
/ > 39%/.
West Penn Pbwer
40
'39% 7'-7/:39%;a39%"
4% % pfd.
40. I
112% 112%
40% ic V
1,900 7 West Va Pulp &
*112% 114
*112% 114
/•*112% 114
Pap Co.
112% 412%.
*110.
112% : / 10 7i.s 10%'6 aa, 9%
30 "7-/4% %
:'-p 9% / 10 y«
10%
preferred
9% '
9%
/v.t9%-' 107 S7.W >' 9%
9%
,
72%: 72%
it 71%
7?/ 3,700
75 Va •/ / i- 71%'
Western Air Lines Inc
72% £
71% 771%
> 69 % /
770% - - " 66
677
7 7 2,200
6%.
6%
6% v< 6%
.: Western
•61%
6%
Auto Supply Co.
/
6% ' 6%
63/4 • -6%' :■
6% '• 6%
h'-*14
■
16% fi ;' •*13%
1,400: ;/ Western
16%
*14
15%.
*133/4-. 15
14
Maryland Ry—.—
14
*14% 7 15
37%
38
38 Vz
IOO
38%
■' v 38 7'- 38%
"4% non-cum
*373/4
39
39 ' 7 39 '•'• ■•2nd preferred
100
'39 - ^397' /./
•77
7Q
79
70
•78
hq
1,100/
Western Pacific RR Co com-No
I;;/;;.,*81 ;V 84%:
:. 03%
83%
84 "
par
84
19%
7
19% ' ,-/- 19%
400>
20%
18'A
i s
19%
aieferre<* series, A
18%
19
19
19%
___„_100
18%
*11
19%
12 ;
127-/
*11%
17,700
*10
12 7
Western Union
*10 '§
10% : *10%
Teleg class A-No par
12%
*10%
33 12%
33^
32%
33%
7; Class B
323A
33
32%
32%
32%
No par
33%
32%
33%
25%
-/-^. 25%
25%
26 >
r5,900
25'A
26
m1/:
Westinghouse Air Brake
25%
25% :y25 Va
No par
25% - ,7;';: :" 7 24%
7 93%
25%
'
93%
94
21,500
94% '
' 94% •943/4. ' *
Westinghouse Electric
94'/8
*94% /Til/a
-94
95
Corp_^_l2%
:r' *51
52%
52
720
52%
50
51
7 7;
zz
*49
y/a/«. cum pfd
,3%^'cum pi a series A
52 .•:•::::/ 51% 751% :|a
51
100
*33
!
f *33%
34%
35
7 000 7; Weston Elec
34,
34,
34%.
-33
instrument——12.50
33%...34%;
'99% 100
100
/■h/7 33
f r
100%
; >700/
100% 100%
Westvaco Chlortiie Prod*99% 100%
*99% lQCt.
I
No par
77^,
100
100 7
350 :
/-/
100
100
£
350:
$3;78 preferrS //" ^
- ^
NO par
;i *61% v85|a7
65
*61%
*61%
G5
'
ft/ ...
*61%
65
<65
69
65
65
•101% 102%
20
*101% 103?
•101% 103
;
>
Wheeling & Lake Erie Ry
f
-101% 101%.
*101% 103
■
>101% 103pf
/: 40y*
7» 10
40%
/ 39%
40%
,|7- / 5%%
39%,
40
c6nv. preferred.y
39%
39%|
-39%<, 40 ■
*98 / 99%
39%. - 39%
99
;
99 7/7
1,800 -if Wheeling Steel
99% 99%
98%
99% 7/
/ 98%,
C6rp^______
'*
98%
>
987/a
90*33
34
34
130 7
*33%
*33
$5 conv prior
34
"
*32% 33%
pref_^___-—
*32%
33 Va
'
*32
32%
25%
25%
iL1/ 26%
27%
White Dental
26%
27
20;
26%
26
Mfg (The S S)
26%
25%
26%
/; *15 ;//'■
15%
2,400 j:
;/: 15»/a := 15 % 7s' ,715
WTiite Motor Co______
15%
14%
14%
14%
15
/' *86 -■:/: 90
14%
14%
*86
90
7"1-1,900 ;/>, White Sewing
*86
90.
*86
90
Mach^4jprp
*87;; 90 * - *• <87
90< ;
•31%
34 -//
34. jfi<
*31%
*31%
34
| -V f 't
*31%
conv prefer
34% : "*31%'34%
*31%
33
i-i
6%
6%
:
6V2
6% ;i.
prior preferred
."'76%
6%
/.
" 6%
: 6%:.,
6%,
/
6»'i y.
v 6%
10
--6%
t$ 1,300 ••/ J
10%
10
10% 7
10
'
10%
10
Wilcox Oil' Co/..
10V4
IOV'8
10%
"9%
10%
14%
14%
15,500
,14%
14%
14%
14.y«
•
14 Va
Willys-Overland Motors14%
5
' .14
X. *97% 101c
14%, ; ■ •• -13%- 14Va
*97
13,000 - A' Wilson & Co
99% ;
*97
98
<
Inc.
98,' 98
*97% 99.
97%
*17 T-r 17%
97%
200
*17
t
17% I
-17%
$4.25 preferred
18%
"18%
18%
<18%/;i8%
: 18%
*145 ;
18%
*145
165, t k
? Wilson-Jones
I65
1,100
*145 7 165; v.
*145
Co....
165/
*145
I65 7
;
*145 < 165
\
44
45
7/46 'v 46%
■;>
/
•40
Wlschnsln El Pow Co 6%
;• 46%
46
40yi
a 46%
46% Q ; 46%
48
47
48%
7,1,900
V.; 47%
48%
i Woodward Iron Co
47%
48%
47%
50
j
49'/a
50%
*
49%
/ *62
50%
k
64%
64
17,800
63%
/:/■';
62%;
Woolworth -(F W) Co
63%62
63% *
(62>/^ 64%
// 60%
63
*91
94
^
2,300
93%
93% /7V *91%;
Wbrtftington P & M (Del)
94%^/-/,*90:/7 94
7*9.2
: 947
-*92. :/7 94
100
*97% 100
r 7 Prior
*97% 100 Z 7.7.7797%
97%
>77 98
pfd 4%% series_„__
98 7
/
98%.;'M 7. *97%, 100
*76
79 /
f,i
300
*76
//• - -*76 77 .79 • 7 <tv»7e
v
Prior pf 8 4 Va % conv
79
series
6, 1 79
*70
79
*65%
67%
67% ■■'•if;.//67 7?
/.v'66%
Wright AeronaUtieal7__
67/
66 .'
66
67
67
"66
67 7
H
14 ;;
13%
1,800 7 Wrigley (Wmh Jr
141/4
7
14% 14% 77;/ 13% 14
13%
(Del)
13%;
7 7: 13%' 13%
1,400
*110 y4

*119

42

23% Aug 29

■

9% Sep 13"

Snowdrift.
.IOO
7//-- $4 conv prefep^ed
3,200 7 .West Indies
jjiugar Corp.

20

Jan

29% Oct 24

NOV-15

20% Oct

Jan

18% July 19
107% Feb 20

!

Sep .10

31

Sep

13%

30%

7 20 Va Jun

18% Jan 24 7.
20

64

14

Mar 26

V

Sep 24
16% Oct 30

25% Dec

21

111

12

100

22 *

Feb

Apr 29

54

■-

xllVe Maris

Wayne Knitting Mills
'/Wayne Pump Co

4,200

88.

Apr

23% Nov 25

/
,

•

86

23% Jun

"

3-

V 9% Oct 30

Waukesha. Motor Co

5.5QO

....

v.;

■

105

PefAeum Corp
Washingto^^as, Lt Co

1,100

"

t
:

•

•V 800

,

I

33VSr Dec

Bros Pictures
Warren Fd».& Pipe
Warren

.

"■■■)

Sep 11
15% Oct 10

par

Warner

500 f
7/

2,100
1,000

,

llii

■

56

_No par

4ftf

preferred

7

54,500

v

.

•

-

preferred c.„_
100
9,300 / ./ Walker (Hiram ) G &
W new No par;
6,800 // Walworth Co_
"
/ 4,700 ;/ Ward
Baking Co common
,7.149 f
5 Va %

*

;

40

7

P|eferrec|/^_.100

Walgreen> C0________-_______^0

;

'

.*-'•■■» - -T

—

T-T——fTi-4

and >»g>#Hr nrU>e? ^ei;,«atiMi/

'

"

/

ftp

.

••

tiyv.'- mwyrnffh*r
********

rt




Deo

12% Dot,

M"MI

thill; 4at

'

eeMMeptfa

\WJ

Stegi?

-

«;

♦r

•

'ru:-<:

gg& a;

ttutaMMIMML

V^-i

j

'-yyy

r'-:.

jWj, '

>'

Shares;

WeeA: Ended Jan. 10,1947

Monday.

*n«

Tu«feday
Wednesday.

■•>

Thursday.

.4,814,170

TotaL
'

*:«. ■> ?•

714,940

:*

W? 1,056,790

Friday.

■

785;650>

^

I:

Bonds

Bonds

,

'

>'>'

of
Shares)

«

186,000,
314,000

•

,

.-iiUi-,

4,757,000

i.

U'uesday<*»

Total
$101,000-',.! $10,000;$111,000
308,000 "•
; 32,000 ' ' 1* ;- $6,000 . i'-x 346,000
211,000 r,
12,000 •r
(
v.". 223,000
:225r000. r ^ : ',9,000
t«v. 4,000
238,000
333,000 !
•
15,000 ;
1 > 3,000 w. " 351,000

Domestic

>;

****

t

.

***

K

:

■» «

.

,

283,455
———

362,005

———.

;;

1,000

334,000

$14,000

$1,603,000

28,000

305,000

1,560,500J' $1,483,000 "

Total.

$37,000 $33,947,100

287,665
226,340

Thursday—
Friday——

4,216,000

-

.302,650

Wednesday

Value) )

Foreign
.
•*. Foreign
Government
Corporate.

,

'•98,385

.

—

Monday™.———,

6,304,500 '
4,254,000 .>

,

$1,109,000

Saturday—..

5,132,700

,

.

»'»»'■

i"f. '•

Bonds (Par

(Number

'£\>/>
;-.v- ::
1
• WeeJfc Ended Jan. 10,1947

$9,282,900

$37,000

;

> 210,000. \'>t
^ v 143,000
:
> , 200,000 .

4.044,000
4,614,000
4,016,000

<

v->,;

..f';. ».v

Stocks

,,

$32,801,100

,

Government

'> * $56,000 j

296,320 > $9,226,900
977,340
4,909,700
983,130 "
• 37990,500

Saturday--.

ft ■•'

Total
Bond
Sales

Uhited States

Foreign

-

"-1

TAarHf

OHM

YearlyM®^;

Railroad
and Miscel.
Bonds

v-V.-.

1

,

Daily, Weekly and

Monday, January 13, 1947

'•

u '

>•>

York Stock Exchange

Transactions at the New
Stocks'

.1

,<j!'i'■

..

,:

i.. .C t.!

"

Number of

:

„V

.

\V,

'"A,

(liU1y

$106,000

>

-

■

Id
1946

Week Ended Jan.
1947

-

4,8l4,17Q

Stocks—No. of shares.

32,801,100

Railroad & Industrial-

»y;: >■y;

TotiiTotal—

?

$73,000
.

/•

$46,207,100

30

*

»
•.the

.;(!.■

y.-'

..

,V'

;v'

^

■.

8-—L--;

c

50.57 :

January

9_i_--—1; 178.43

-> 50.48

10—.177.43

N0TICE—Prlce» are "and interest"—except,

Jan. 4 ■
k High

7

Low

•

*102.22 102.24

*106.11

1X)8.18

"

*102.9

102.11

♦102.20

102.221
;

106.12

*106.11

108.18^

*108.16

108.18

111.27

*111.26

111.28

*111.28

111.30

*111.27

107.5

112;18

,

> *112.17
*113.8

107.5

*107
*104.29

*104.15
,

*103.30

104

>106.5

113.11
114.26

*114.25

*102.26

102.28

*104.14

105.11

*105.9

105.11

*104.29

105.3

:

*105.2
*107.3

107.5

*107.2

107.4'

104.31

*104.30

105

*105

105.2

*104.2

*104.5

*104.7

104.7

104.2

*104.3

K

1043

*104.5

*103.30

104

'>

*103.30

104

*104

*104.2

104.4

*102.26

102.28

*102.26 102.28

*102.28

*106.5

106.7

*106.7

*106.9

*102.26

102.28

102.24

102.28

*105.14

105.16

*105.14

105.16

*103.27

103.29

*103.28

''*102.26

103.30

106.9 :i

*102.26

102.28
105.16

*105.14

103.31

*103.31

104.1

*106.30

107

*106.31

107.1

*105.14

105.16

*103.29

.\i

i.

>102.28 102.30

102.28

*105.14

:

105.16

102.8

*102.6

'102.8

*102.6

102.8

102.5

102.5

*101.5

101.7

*101.5

101.7

*101.5

*101.5

101.7

*101.5

101.7

*101.5

101.7

*101.6

101.8

*101.6

101.8

*102.6

102.8

*102.6

102.8

*102.6

102.8

*102.7

102.9

*102.7

102.9

*102.3
*102.8

102.10

*102.14

102.16

*102.15

102.5 "
*102.8
102.10
*102.14 102.16
*102.14 102.16
*102.3

102.5

102.17

10^.8
102.8
101.7

*102.3

102.5

*102.8

i'

102.10

*102.14

102.16

♦102.16

102.18

*102.8

102.10

♦109.9

102.11

*102.8

102.10

*102.9

102.11

*101.5

101.7

*101.5

101.7

*101.5

101.7

2'As
2'As
Treasury 2s

*101.6

101.8

Treasury

2s

«.

♦102.8

102.10

Treasury

2s

_

♦102.17 102.19

*102.18

*102.24 102.26

*102.26

102.28

102.29

*102.29

102.31
102,30

* 102.25 102.27 •

*102.26

102.28

♦102.28

>0225 102.27
*102.27 302.29

*102.27 102.29"

*102.28

102.30

*102.30 103

105.5

«105,7.,105.9
*101
*101.5

101.7

*101

101.2

•Bid

-

and

101.4

105.7.._
101.2

*101.5

101.4

asked price.

.*105.5 —105.7—
*101.1
101.3

No sales




101.7

*102.10

102.7
102.12

*102.16

102.18

*102.16

102.18

Treasury

,

Treasury 2s

102.21

Treasury

,*101.1

101.3

♦101.5

101.7

transacted this day.

a

-

102.3f$

r

'

*

2s

Treasury 2b

Treasury

5,000

Treasury

Registered bond transaction.

Nov

Apr

106

106.16 May

•

2
2

113.2

Jan 17

102.22 Jan

4

102.11 Jan

2

102.11 Jan

4
4'

6
5
107.10 Apr 12
106.15 Apr
6
109.15 Feb 18

Dec.

1967-1972
.1951-1953

106.28 Apr 30'
101.15 Jan

2

106.15 Aug 12

.1952-1955

..

_.

107.1

V..."

Apr ;

2
4

Apr 29

Oct >. 107.26 Feb

104.16 Apr

5
3

104.7

Apr

102

Apr 29

Dec~18

102.8

Dec 18.

103.9

Jan 17

103.9

Jan 17

103.22 Feb

6

Sept. 1950-1952

102.16 Oct 28
102.20 Oct 18

104.3 Mar 15
104.14 Jan PH

.1951-1955
—

103.13 May 16

103.13 May

—June 1952-1954
Dec.

-

1952-1954

102.14 Nov

29

102.22 Nov 15

1953-1955
—

1%S
l%i»

101.15 Dec

v

108.21 Nov

105.1,

;

Dec

100.27

102.26 Sep

103.28

100.18

Nov

10J.12 July

100.15 Sep

102.9

Oct

Deo

Apr

July

104.24 Jan

.104.24 Jan

102.20 May

102.27 Jun

102.26 Oct >.
102.21 July

102.26

Oct

103.5

101.29 Jan

1

Dec

103.8

Nov

..March 1950-1952

.1951-1953

—

,

108.21 Nov

100.27 Jan

102.3

102.8

Jan~~5

Feb

107.28 Dec

Dec

June 1949-1951

103.7

Feb

101.24 July

100.20 Aug

100.23

-March 1948-1950
Dec. 1948-1950

Sept; 1949-1951
Dec. 1949-1951

July

102.1

106.29

3

Jan

102.7
102.2

Jan

8

12

101.4

100.18

106.15 Aug 12

106.16 Apr

107.14 Apr

102

1

100.10 Jan '

Jan

108.17 Aug

100.29 Jan

100.15 Jan

100.30

108,17 Aug 12

1947

102.17 Aug
102.9 July

•"

.•'>>

104.22 Sep 17

1959-1962

July

103.4

100.18 .Jan

107.19 Apr

107.9

105.24 Sep
108.15 Nov

Jun

100.17 Jan

.1954-1956

—Dec.

107.25 Jun

100.28 Jan ?

.1956-1959
—June 1959-1962

107.15 Apr

.

7
107.27 Apr
2
107.4 Apr 16
107.9 Apr
9

101.16 Jan

Oct

105.19 Aug

108.4' Jun

Oc%

113.30

116.16 Dec

n

f

107.5

1964-1969

113.20 Nov

106.28 Sep

7
105.22 May 1
104.7 Nov 14
103
Jan
4
Jun

110.15 Mar

,

107.15 Jan 28

105.29 Aug 19
108.4

Jan

106.6

2

' Apr

106

:

112.21 Jan

l> 113.3 Nov 1
118J23 Feb 19

.1950-1958
.1962-1967

'•*

Treasury

103.1

Odd lot transaction,

2s

2s
Treasury 2s
Treasury 2s
Treasury 2s
Treasury

.

♦105.7 -105.9

2s

Treasury

102.21
102.29
103

*102.31 103.1
*105.7
105.9*105.8- 105.10
*101.1
101.3
*101.1
101.3
*101.6 -101.8— *101.5
101.7
:
*102.31

__

Treasury 2s

*102.16 102.18
*102.16 102.18

113.3

'

Treasury

10,000

*102.5
102.7
*101.10 102.12

*102.19
*'102.26 102.28
*102.27
♦102.30 103
*102.30
♦102.29 102.31 *>102.29

♦102.19

102.20

*102.27

,i

102.9

*102.5

118.15 Mar 12

106.11 Mar

112.10 Jan

.June

102 9

102.6 102.11
102.17
102.18

15

.1963-1968

*102.7

n02.4
*102.9
*102.15
*102; 16

115.23 Apr

Dec

.1952-1954

♦102.7

*102.23 102.25
*102.27 102.29

102.26

*102.28 102.36

5

105.8

*

h

113.12 Aug 12

107.5

1948

2y«s
Treasury 2yis
Treasury 2'As
Treasury 2'As
Treasury 2y4s

105.17
107.2

105.14 Jun y

.1950-1952

.

114.25 Dec

112.17 Aug

17

.1949-1953

105.9

*102.17 102.19

*102.17 102.19
*102.24

*102.6

;

1U.27 Apr

17

102.12 Dec

.

Treasury

10,000

Nov

111

115.26 Jan

5

-1958-1963
-1960-1965

*105.7

105.7

>*102.6

Treasury

;

104.2

•105.6

*102.6

-

106.11

*102.29 102.31

105.9

*105.4

*■

*106.9

Treasury

-

Feb"l9

112.21 Aug 23

6

2'As Dec. 1964-1969
2'As
—1965-1970
2'As
1966-1971
2'As ——June 1967-1972
2'As
—Sept. 1967-1972

102.31

111.18

109.24 Mar

109.22 Feb

2Y2S

104.5

Jun 28

0

106.13 Nov

104.27 May 16

6

Treasury

7,000

110.3

of
ntf*-

Highest

Lowest

>

108.27 Aug

2^8

*102.29

♦105.7

105.7 *

>r

104.14 July 13

.■

Range for Previous
Year 1945

1946

Highest

102.11 Dec

Treasury

-l

Range for Year

;> Lowest

Treasury

•104.3

♦104

>v*

*-sr

-1956-1959

2'As
2'As
Treasury 2y2s

X-

" ^,'..^*''>7% *, ,F;

7

•

•

•

.-1948-1951
.£1951-1954

Treasury

Treasury

*105.15

,

.1955-1960

2%s
2%s
2'As
2'As
2'As

Treasury

*107

1,31
104.31

.1949-1952^

Treasury

/.A-

104.6 >

104.2

*}05.5

Treasury

104.8

107.2

*106.30 107

*105.5

Treasury

*104.6

*107

107.1

105 6

104.9

*104.
v

*106.31

»

Treasury

*104.4

'

106.11

106.7/

Treasury

,,*104.17,104.19

102.30

104.2

107.80

.1951-1955

■;

105.3

>104.7

104.5

*104.1

•'

*107.1
S * 105.1

104.7

*104.3

.104.5

7
,

Treasury

107.3

104.9

107.61

.1947-1953

27/ss
Treasury 2%s
Treasury 2%s
Treasury 2%s

•

105.6

*104>16 104.20

*104.16 104-18

104.4

.

.

*105.4

105-5S*;

Bonda

.

Treasury

•v

$4,109,000

«$1,905,000

1 $2,651,000 '

11,000

.

107.66

93.14

4^8
Treasury 3yas

104.16

107.3

*114.15 104.17

*104

*105.3.

•

1'4,000

40

*

EXCHANGE

>

> *102-26 102.28 >
*104.14 104.16 .
*105.9,105:1'1> *105.9 105.11 ^

105.4

*

6,000

107.65

93.04

Treasury

*102.26 102;28

104.16

>107.1

104

114.27

114.27^ *114.25

*114.24

*104.14

'Mm-'

*102.27 102.29

102.28
106.8

*113.9

113.10

104.4

*103.30 104

*103.30 104

112.20

104.16

*105.1

103.29

103.29

*103.31 104.1

*112.18

104 17

*104.2

104.4

112.19

102.27

*105.9

104.31

*104.16 104.18

107.5

349.000

122,000

,211,000

107.54

92.90

Treasury 3s

102. tli>* 102.9

*104.14

107.2

104.31

*107.3

*114.23\ 114.25

:

*107.3

107.5 -I

$5,000

'

102.11 s
♦107.3
107-8xai> 107.3
107.5 :■#
*112.20 112.22 fc *112.19 112.21 •
i«, 'A: faa
Ml V V
*113.11 Il3.ian* 113.11 113.13
*102.9

102.11

*102.25

105.2

*105

*102.9

%102.11

!

$3,749,000

Total

'

GOVERNMENT BONDS
NEW YORK STOCK

Sales for

111.29 t

•

-

6,108,480

.

:

107.61

92.69

111.91

106.13

*108.16

*107.3

*104.29

*106.6

102.23

*106.10

108.18

*107.3

113.9

*102.23

*102.21

106.13

*108.16

*102.9

105.2

*103.30

102.23

*106.11

102.11

*105

*104.2

*102 21

.108.18

*111.25

*113.6
113.8
*114.23 114.25 >114.21 114.23
*102.25 102.27
*102.25 102.27
*104.14 104.16
*104.13 104.15
*105.9 ; 105.11
*105.9
105.11

♦113.7

104.39

t

92.40

"111.75

Bonds($)

High

Low

106.12

*112.16

107.5

*112.16 112.18

High v

92.55

; 111.55

the Week

102.23

111.25

*102.9

] Jan. 9
:> Low
High

Jan. 8

;

\> Jan. 10

*106.10

108.18

*111.23

Friday

Thursday }

*108.16

•

111.26

.•

Low

High

Rails

.111.52

104.33
'104.39

10

r

Utlll-'
> ties ^

Grade "

t;,

deferred deUvery sales are disregarded to the week's range, to computingare the only transactions
takes of saah sales unless they the range lot the year.

*102.21

102.22

102.22
*108.16

*111.24
*107.3

Jan. 7
Low

;

*106.10 106.12

106.13

*108.16

:

'

High

Low

-

Wednesday

104.J2

SALE PRICES

Tuesday

-

Second

In the week lh which they occur. No account'!*
case the month when the bonds mature.
;
decimal point represent ene er more 82d of a point*

Figures after

-

$1,603,000

104.06,,'li.'111.40

? 64.09

36.60

2,012,240

•.

1946

/.;■

$1,769,000'

$2,434,000

14,000

164.05 ! 111.16-

.

'37.04
7,v 64.62
J 37.067^ >; 64.71-

for Income and defaulted bonds.. Cash and

LOW AND HIGH

Monday
Jan. 6 »

Saturday

64.48

64.51

•

week, and when outside of the regular weekly range" are shottn In a footnote
7116 italic letters to the column headed ^'Interest Period "indicate, In each
*

\\i'.

:

36.96

% 49.58

-

.

.37.0764.99 *'
;

50.46

"

ties

36.95

"

51.33
::

178.06

'$]?■January

: 106,000

,

Total: ?fs?10Firsts''
65 £ Indus- - Grade,
- Stocks
X trials? > ' Ralls

15

50.87

177.49

January

■";

government-

Total-.

'UtlU--

,.

roads'r '

178.43
•

fci

Foreign

1947

4,498,630

;;

$1,483,000

10

Jan. 1 to Jan.

•

*

"1946 ■/,

Bonds

■

Domestic.

$68,886,100

^ Rail-

.

176.92
,

7

T.^

,

1,560,500

Stocks—No. of shares,
'■i

3,186,200
65,249,400 ;

20 ;..^

'

:

trials: x

*-v

;

Foreign corporate—

Indus-

■

1947

' $450,500

>

'•

Week Ended Jan. 10

,

1946

15,080,400

*

1,488,000

v

:

■;

44,646,100 ? >

$49,890,000

$33,947,100

'.

1947

6,45(0,010

'2,036,500
47,618,500.

;; 1,109,000

Foreign..

...

$235,000

V

)0

Jan. 1 to Jan.

;

11,567,180

•

$37,000

TJ. 8. Government

/.

.

-1948

.1950

16
104.26 Feb 18

104.29 Feb 21

101.14 May 17

101.31 Mar

Sep 20

.102.17 Mar

101.3

9
8

102.10 Feb
100.25 Jan

Sep
100.17 Jan

103.1

.

103.16 Dec

103.30- Dec
103.1

> 104.4*
r

100.13 Jan

...

104.6

Sep
Dec

'
Dec

106.12 Jan

106.12 Nov

Jan'
100.28 Aug

101.23

101.9

Apr

101.19 Dec

•v

•

^ 3/

Volume 165

Number 4559

ttf

"r'-w'

Vwi^tu

NEW YORK BOND RECORD

*

•'".

RANGE FOR WEEK ENDING.
JANUARY 10
M*«lMfc

■;

A

BONDS

New

Turk

Stock

i

i...i<

Exchange

rrMay

Interest-Last
ft

V. ';-

:

\
New York City.
Transit Unification IssuerM 2% Corporate Stock

Bends

Bid* Asked

-i \!

Low

■

Range, for

Bold

Year-1916

■

,

^

Exehange

Low

A 7s

Munlo

7s.

.1960

A6S

(Republic of)—1

of

3s external

1926

(Rep of)

;1947

:L

Telephone

120. Broadway,

a

■

Mow

York

-

r

NY 1-1693

•?

1947

coll 7s A
f 7s series B

f A External

s

.

1945

f 7s

Af.AteteriaUec
AExternal

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1945
1957

fis :'

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4

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20-year 3%s

Belgium

7959

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(Int reduced to 3.5^
)
pursuant to

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,

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J'D

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iii

yyy;.:

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For Financuri Institutions

FOREIGN

SECURITIES

.

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wbm trading MARKETS ;;-y!{.'{'

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page 233,
■>

FOREIGN SECURITIES SPECIALISTS

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24

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.

>■'.111

It

Monday, January 13, 1947;;

NEW YORK BOND RECORD
WEEK ENDING JANUARY 10

RANGE FOR

.■

York Stock

New

Week's Range
or Friday's fefe Bonds fefe Range for
Sold.
Year 1946
Bid & Asked

Friday

BONDS
Interest

Exchange

■*

SalePriee

Period

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-

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s...——1957
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Bonds ife- Range for
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or Friday's
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Last >
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,

(Int reduced to 2 %) ---—-2012

|

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t

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■
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.

High

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—

,

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gold——1968
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2004
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s,

.

New York Stock Exchange

.

1940

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A 6s

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.

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;

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——

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due

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1951

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•

1950
1959

due
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to Jan 1 1947)

,

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—July 1048
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Oct 1 1946) due
-i-I-July 1648
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3
Dec 1 1946) due
1995
Ref Ac gen ser C (tot at ly#%
'
to Dec 1 1946) due
1995
Ref As gen ser D (int at 1% to
V > Sep 1 1946) due
2600
Ref As gen ser F (int at 1% to
Sep 1 1946) due
xx,
1096

•'

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78
'

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109... 109%

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^ '

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17"

———1951

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«f'

stamped
—
1951
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4s

99

-

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95%

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104%

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4

-

*100; v'

1960

Bell Telephone of Pa 5s series C

98%

-j

127% 133% i
.

fe*-

07:,fe. 99 y^ 1

5

2%s———1961

Bethlehem Steel Corp—

.

Cons mtge 2%s ser I
Cons mtge 2%s ser J__-:
Boston As Maine 1st 5s A C
•

1st M 5s series n
1st gold 4%s series JJ

vfet .mtge 4s series RR—

—3960

Alnc mtge 4%s ser A-——July 1970

tf Boston As N Y Air L 1st 4s

-1955

Bklyn Edison cons M 3%s_.——.1966
Rkiyn Union El 1st gold 5s
—1950
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4s

s

f

mtge

107«

2%s—

1st mtge 2%s_1975
Buffalo Rochester Ac Pgh Ry—
Biamped modified ~ (interest at"
3% to May 1. 1947) due
1957

Buffalo Niagara El
--

For

footnotes

see

few-

• !

:

page

233.




*94%- 99

90

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,

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43

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102%

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1955
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v 101% 102%

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14
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103

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11

304% 366%

Number 4559 1

[Volume 165

NEW YORK BOND RECORD
RANGE
BONDS

Friday

New York Stock Exchange

Interest

Period

Last

tAConsol Rj non-conv deb 48-^-1954
ADebenture

4s

A Debenture

4s

Consumers

Power

Continental

1st

Baking

3s

gACuba Northern Ry

*37%

j-J

27/8s__1975

mtge

debs—1965

1st 5y«s

.

J-J,

1942

'

y».:

105%

•

.

*60%

a 6s

•

ser B

1946

deposit rets

ref-M 5s

C—

ser

-■>''. AIncome

mtge due_
Morris dp Essex division-Coll 4r 4-6s

>

Delaware

Power

&

Light

A-0

1965

tAConsol

erold

,

96%

1993

104

\

43

.

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j V- '-85

—

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t

t

106

104

106

Va

A-O

July 1952

;

A-O
Af-N

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James Frankl dp Clear 1st 4s,:

24%
53

54%
54%

52

\

J-D

101

48
48

'

92

100

5

100% 101

92

93%

190

102% 103
ft

54%

45
68

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99% 100%

s

98

163%

314

97%;

54

61

27%

54*'.
f?

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100%

J-J

96%

60%,

26%

J-J

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97%

58%

106

101%
105

100%

104 Va

45

65%

ft'

•

.

108

*

(V,

V

/>

64

:73%

5

106%

Kanawha dp Mich 1st gtd gold 4s—1990
Kansas City Fort Scott dp Mem Ry—

110%

ft

%

66

■

fot&V. 7*'/:>'7 >"ft

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45

.

46 ;

ft v./ft 48""-' '

8%

SARefunding gtd 4s_:
A Certificates of deposit-

85y8 102%

92%

102 y4

104%

105

102%

103% 104
*103

6%

29%

29%
'42%'"'76

30/.

I'M J

ft -'ft
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ft
108y4 108%

20

106y8

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ft

109

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106% 110%
:
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v J-D
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:
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53%
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: '
Jf-N > ft % 105% I 104- 105%
20
106 ' 120%
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2% ser B__1976 -7/JfrS-••
ft JW-S
25<ft 90 %
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Dow Chemical
; 98%
2.35s_„._.„i_____1961
>
M-N
< ftft, emii .100% 100% * '•""'•ft"-' •'
ft tfADul Sou
Shore & Atl gold 5s__1937
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—1965
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,

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105
107%

122

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A-O

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104% 107 %

*121

J-J

4%s unguaranteed—:
—ft.—1961
Kings County El L dp F 6sft—ftftft-1997
Koppera Co 1st mtge 3s———1964
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i

70%

5

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85 y.

71

26

103% 103%
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ft 109 y#'

105

268'

78%

ft

gold 4s_1995

80%

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A-0

ft

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78

77%

78%

A-O

—ft—_ft___'__1961
ft——
.1961

—

-

77%

Kentucky Central gold; 4s_
___1987
Kentucky dp Ind Term: 4%s__ftr_1961

f

106% '109

2

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Ji'i

ti

•

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A-0

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ft 1st mtge 4s ser A
ft.—_—_1975
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y'ft "8%ft;ftft254';ft >,-<8%
^ i'»

A-O

1936

79%

•

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57%-577/s

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■

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ft;'A-0

1965

Gen dp ref mtge 3y2s series
G—1966
ref 3».series
Detroit & Mackinac 1st lien

91%

Af-S

J-J

1

67%

47

' 42

-:

•
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r

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-1959

Jersey Central Pow dp St '27/8s_—1976
Jones ds Laughlin' Steel JMis—:-_1961

104

ftft 82

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64"
j
ft.?/ii65 %

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95

1

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1936

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A

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1st ,5s B—.-1972
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1952

106%
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85 '"r

•

53%

-

*

gold

High

19

99%

t

'

; J-J

J7---1

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100

Low

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No.

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1952

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53

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104

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.

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.

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er

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1955

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-

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.,-1950

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55%

.

45

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; Vr V.!
i
yp. 7/ ft

;___1973

.

86 Ms

44%

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1965
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1963
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N Y Lack dp Western
div

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•

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76
75

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76

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r

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42

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,

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39

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_

J-J

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Friday's

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1

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WEEK ENDING JANUARY 10

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Sale Price

.

FOR

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1964
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ser F^.^.^.1990
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2000
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> 118

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1949
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ft'ft A4s conv inc debs
1969
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1947
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114

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vftft .;ft
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1951
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1952
Ref &.impt 4V2s series C_w^.x__1979
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12

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.

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57 %

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Missouri-Kansas-Texas

Prior

r

4'5,-. ft i

lien

40-year

goid 4s.

v

1st gold 3%s :
s_
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1st gold 3s
sterling.
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ft

Refunding
.

Af-S

ft,

-1952

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.1955

1955.

'

_

Gold 3%s..——

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:

96

ft
k

>
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j-j

'

f-a

For footnotes

see

page




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168

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97

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%

A Conv gold 5y2s ___:—___.i-._-1949

'gold 5s series H-.-.1980
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'I

96 %

68

86%

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63

173

83

77
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ft ft ft ; 4 ".ft ftiog;■

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•

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;;
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66%

103

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65%

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ft *
ft:

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70

.

62%

71

,

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60

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55

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series A.—
series B—

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105

119

1017/s

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..1951
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i

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ft'

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-1953

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1951
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1966
Metropolitan Edison 1st mtge 2"%s_1974
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ser

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1955

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—^1954
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6
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„1959

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debentures

,

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33

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—

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110

Monday* January 13, 1947

NEW YORK BOND RECORD
RANGE. FOE WERK ENDING
Friday

BONDS
Inferos!

> N««r York Stock Exchange
1

••••

1

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i

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1961

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1952

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1953

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.

of

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95

95

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1998 * *
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94

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1975

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1965

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1966

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series

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102% 104%
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1948

2000

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1973

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27

v

——1965

-1974

1974

Northern Pacific Ry prior lien 4s-_1997
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1997
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ref
ref

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1949

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106%

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40%

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1948

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1971

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1974

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1979

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1977

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1981

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J-D

1985

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105

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109%
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105
105

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18

105%

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46

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100%

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53

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28

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1952

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.,1960
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s

f

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\

1948

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177

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1941

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series

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:

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1976

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1994

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1994
1956
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—1956
1996
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119

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117%

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120

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1960
Standard Oil (N J) deb 2%s——1971

102% 103%

,39

101%

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1,00% 101

28

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1966
1961

1

V*

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106

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108 y4

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98

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97

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102

101

101%

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70

98

109%

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.1984

41

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99

1986
—1998
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1960

121%

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1963

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•

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1

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1977

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1969
1981
1950

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series

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Gold

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107

107 y8

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105%

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1979
_1985

debentures

25

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,

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18

39%

Tel 8c Tel Co—

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104% 105%

,

—

Bell

102% 103%

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105

110%

13

108% 108%

—

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1955

1949

4%s_r_i

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s

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93

62
112

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1966

63

6

82

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1st & ref mtge 3s series J.

100

9

Seagram (Jos E) & Sons 2%s debs 1966
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1971

1st &

120

85%

10

106

30

%

100

1

102% 102%

1989

Nov 1989

unifying 5s_.,__1952
gold 5s series A
1990
St Paul 8c Duluth 1st cons gold 4S-1968
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1941
St Paul Union Depot 3%s B
.1971
Scioto V.&NE 1st gtd 4s
1989

108%

75

:

37%

:__,1997

ctfs

:

90

deposit stpd..—.

A w i___.

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i

73

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inc

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47

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107
103
98
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ref M

24

47%

of

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112

13
68

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90

90

97

1

104%;

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M

74

9

110

1021/4

1974

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Oregon-Washington RR 3s

ref

109%

42

23"

48%

90%

44

69%

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1st &

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108%

*

107%

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gold 6s—-_i
St L Rocky Mt A iP[»5s Stpd„

122%

69%

64

73

69%

103%

.1964

Oklahoma Gas & Electric 2%s

,

<

—

2d

127%

105

■'101%

110,7

71%

103%

.1975

2%s

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Electric

'7?

109

109

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13

1st mtge 4s ser

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&

115%
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125%
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49

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7

71

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96 7

;

48%

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4s

105%

99%
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109%

143

101 %

guaranteed

105%

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.1964

77I5ARutland RR 4%s stamped.

35%

101

mtge

110%
165

251%

7773

49

108

lOgdensburg & Lake Champlain Ry—
1st

100

107 y4

7'7;.777'

163% 163%

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1st

112%

240

*107% '

3s.
mtge 5s
ratga 8s.

mtge

Reading Co 1st 8c ref sy8e ser D..1995
Revere Copper 8c Brass 3Mis
I960
; ISARlo Grande. West 1st gold 4s
1939

7"?-.,,;7

A

108

108

108 %

V

lARut-Canadian 4s stpd

100

17

131%

102%

Ohio Edison 1st

45%
7,

15%

*95% 110% : i
♦109%

107

112113

"7/7

16

15 AR I Ark & Louis 1st 4%s,

53

102%

mtge

—

-V

102%

>

105%

:-:;

107

•

*111%

Corp—
Gen mtge 4%s series D.
'<»•''.%
Gen mtge 3%®/series B.
t,Gen mtge 3%r series 1.
Gen mtge.SMis series J.

32%

95

165 for'.

'

A 1st

75

45

J-J

(Wise)

99

100% 77

*100

;

42

10%

43%

41%

J-J

(Minn)
lst

\

r

41%

2047

Power

127

"

*118%

V

-

135% v7 133% 135%

A-O

.2047

Coll trust 4Vis
States

105%

127

■'

♦125

:7

:

90% 7 |
107 V*
'

33

,

•
7

37

'

12

XI

2047

Northern

88% 102%
'7 88
102%

127

107

Quaker Oats 2%s deb—.—

77

104; 408%

77,

impt 5s series C
impt 5s series D.

Ref &

;

91%';

91%

106
106

102%

7 88% 103%

\v; v \f;

\

106%

100%
73

735

impt 4%s series A

Ref &

103%
:

•7/7/;;,;/

North Central gen & ref 5s__
Gen 8c ref 4Vis series A_

3s

*

.

B1 Va

104%

' 993/4 105

7

7 100%TOO% "
*105 " 105%"
•*105 * 7 .^ 777
*91%" 98 7

Norfolk Southern Ry Co—

,

109

x

102%

;

I

.26%
'15%

4

75777:

*— 7, 35

7 18%

102

't;:,;*:

*102%

;7|.

111

9%

1

"

93

100

SI'

A-O

3 Vis

7'

104% 104%

M -M

Power

66%

■:

13%

:-;._7" 7: •„

Jf-N

122% 142

1

50%

106% 106%

7'^;j;7

J-J

■118% .138%
46

■}jm

81

34

P-A

SATermlnal 1st gold 5s
—1943*
ISA N Y West & Bost 1st 4Vis
^1946

Palls

&

&

.4

7;

17

ioi%

...

7 125
127%
;
107
77 m

135

7-t 7

IA Providence Terminal 4s,

1st

\

75
83

37

102% 103%

J-J"

■

268 7

106%

P-A

•

227

*73
•

30

38%

.10

102%

77

"103%

M-8

78

32

70%

11

5%

77

29 77

41.

13%

J-J

1940

55

102

M-N

__.&937~*
.1937 "

_

7

A-O

1963

S A General gold 5s

7

'

30

32

"".""79'7* :

45%

'',r>'.;

M-S

*103 "

,

134 y4

118%

—

75
75%
V
78 V:7-77'

18% 19%
77, 43%

70

J-D

-.1965

1st 3y2s

Siisq & W ist ref 5s
gold 4Vis

5 A 2d
•'•!

Corp

41%

5

40%

i't:

127

•
,

123

120%
125

..

77%

-5 .7'

38%

77

44

Jf-N

1953

N Y Power & Light 1st mtge 23/4S_1975
N Y 8c Putnam 1st cons
gtd 4s_
1993

38%

38% ,7 736%
45%

7739%:

18%

>

June 1992

4s

•

«1st

30%

42

40

7;

J-D

1954

IAN Y Ont & West ref 4s

7 39%

;■

■hi-.
:•

M-N

1957
1927—1967

"

738 " 7 38

.'•,■•

A-O

1940

.

4s

8c ref 4 Vis series of

Jf-N

>7125

..

122%

116%

124%

*118%

Public Service.El & Gas 3Vis.

33%
20 ;

38

7

J-J

*

194a

,

737

1

39%

AConv deb 6s

;

7,38 ,7/

J-J

1953

.

103% 106%

_.

*_.

127%

21

102% 105%

,

.

118

*119%

1st mortgage 3 Vis.

77'7:; 1st 8c
66%

*39

Jf-8
M-8

-

26

riO%
13

..

*109

IA Providence Securities 4s
7

'

"

.1947
—1947

*103%

9%

15

10%

*,.. - : 13
104% 104%

Fa

•

103%

76

:

7

;

,

•

9%

9%,

.'• Potomac El Pwr 1st VL 3%s

115% 115%
105 • 119%
71%' : 96

*71 Ya
75
♦79
:85

.,

107

107%
106

*105% 109%""

Jf-N

A

114

105% 105% >.

J-J

-2043

; 4Vis series B

<•/

69 "

2043

West 4s series

107

.

102Vi

1949

A.

&

98

100%

102

A-O

Purchase money gold 4s.
.NY 8c Harlem gold 3 Vis.

102

„

103

102

6

1st mtge 4%s series B—--..-^-1959.,
ftv-.'1st mtge 4y?8 series C
1960,
Pitts Young 8c Ash 1st 4s ser A—,1948
7;' 1st gen 5s series B——„——-1963
7.1 7' 1st gen 5s series C
——1974,
•*"
1st 4%8 series D—..—~..^...^.1977.
; 7 APittston Co 5% Inc deb.
,1964

.

93% 100%

31

•

'

1st lien 8c ref 3 Vis series E__
N Y Gas El Lt H 8c Pow gold 5s_

]

77"96%

,3100%

A-O
P-A

N Y Edison 3 Vis series D

*>;

95

96%

A-O

_1986

107

102% 103%

.

*

7

102%

103%

M-M

E——,—,—1975..

3%s debentures

i

108

103

31

104

V ; Pltts Steel 1st mtge 4%a,.
1950
'i:: / 1st mtge 4%s series B_...—r.1950
Pitts & W Va 1st 4%s series A-._:-1958

;w%

105% 108%

Vi

M-M

*,..

Consolidation Coal-—

Pittsburgh

'

125% 135

.4
16

104

Pittsb Coke & Chem 1st mtge 3% ■-1984

;

142%

»

' 104%
104% 104%

104%

4%s

Gen mtge 3%s ser

v;

■t;

98% 105%

5>

7

107 Va 108

JV

*

97%

73%
;■/' 3

•

95

;

4s

cons

106

*6

125% 125%

J-J
J-D

^

Series J cons guaranteed 4%s
Pgh Cine Chicago & St Louis RR—
.,
7- Gen mtge 5s series A——
1970
Gen mtge 5s .series B—;
.^..1975 ^

.y

98 %

:

»

~

1

;;

65; ;

77%

96

96;r;

—.1998*; P-A

;

New York Chicago 8c St Louis—
Ref mtge 3 Vis ser

7

•

gold 3,/2S____._1998'"

3 %s registered
Mich Cent coll gold 3.%s

.

i

1997

•

76%

75Vi

:

77%

A-O
A-O
J-J

73%
83 y2"

75 y2

P-A

I

94

83
107%

34%

3,

•r,

137

;" -

'

r

G

Series

•

103%

103

Series H cons guaranteed 4s;

,

7

37

-

•

%,L

guaranteed.....

Series

7

95%
109%

84

19

'>

•

37

V-:i7;.7;7

■

104

94%

-

A-O "

1954

•

High
106%

102

F-A

J-J-

„

-62%

•*106%.

Pgh Cine Chicago & St Louis Ry
Series E 3yas gtd gold
i
/
Series P 4s guaranteed ■ gold-

;

106

"

80

^.1964

Phillips Petroleum 2%s debs

106

83% 108

f:

95

■

-«

•:

*88%

1974

15 APhilippine Ry 1st s f 4s
..1937
^Certificates of deposit^-.....^^.

90

81% 109

V

1967 1

/ 1st 8c ref M 2%s^:—
1st andxef 2%s

,:

92%

"83

deposit
A.

111%

'

73

20

91 Vi

*"*■

.

103

84%

90%

-

1

7

-103
.

Low

-11

7 67%

67

■

M-M

General gold 4Vis series C.;.,.^.1977 Philadelphia Co coll tr 4^18...—.1981.
Phila Electric 1st & ref 2%s—.1971

108%

87

92

91 Vi

;•

•

86%

85%
<*—

104"

-

^..1974.

General 5s series B_.—j

.

.

5

105% io5%'

5 Vis..—1.1974

'

Year 1946

No.

101% ioi%

..

P-A

Phila Bait As Wash 1st

108

-

.Range for

■

Bid A AAfe
Low
High

,

Apr

Ry 3%a ser Dj—1980
gold 4s—

pere Marquette

;

118

100

105 Va 105%

>

T-A

—1950

A 1st AVis series D

:

;

—

1

7,

127%

■;

A-O

Apr 1990

Peoria 8c Pekin Union Ry

•

107% 110

'

r__^

A Income 4s

103%

".7108 Vi 114%

16

—

1956" *

of deposit

105%
7

123%
■A'mU. ;.1187

l

,

; *103^1 105

—u

~

;

L'

85

-v.

-

*107% 108 Vi

•'

—

.

A-O

of deposit
C_

series

A Certificates

'"

...

5s

...

M-J

.1947
—I960

Peoples Gas L & C ref 5a.
Peoria 8c Eastern 4s ext

k

88

19':

108% 109%,'

l-O
'

_

B_

a Certificates

A 1st

"9.

84
81 Vi

81
80%

>

J-J

INew Orleans Texas 8c Mexico Ry-lANon-cum inc 5s series A
1938

>

71

f

"

New -VXXWHUJ Great IIVI 5s A
Grleans VJJLCttV, Nor OS
N O & NE .1st ref At imp 4VaS_.
New Orleans Term 1st gtd 4s

High

106% 110%

—

.123%
123% 123%
7'__-.v."120

V

Low

•

'

1974

P> L 1st mtge 3s

k

81

'109

,

Jf-N

.1986

1st gtd 4%s series B_—...
if J Junction RR gtd 1st 4s
New Jersey

\

;
V V

J-D

.1952

•

■alePriee

Year 1946

7 No,

High

Low
*106%

—

Week's Ranga
»r Friday*! >•

•

Last. v 7

•,:

■

Rxekaag*

Sfeek

York

New

Range for

SOld

'

.

: ; /

J-D

Friday

BONDS
Bonds

Friday's

Bid A Asked

>\ ,7',.
1048

JANUARY JO

Week's Range

,

107V4

97% «.99 % <
103 - 103y4 '
101% '106—

Volume 165

Number'4559

THE COMMERCIAL &
FINANCIAL CHRONICLE

NEW YORK BOND-RECORD
RANGE FOR WEEK
ENDING JANUARY 10

.*

..v

•*.

Friday

Interest

Week's Range

Last

Period

or

Sale Pried

Friday's

Bonds

;

Bid & Asked

Low

V.'F

,

-

Friday

Range for
'

Sold

High

-

'

Low

Last

Period

Bale Pries

High

Wabash RR Co—

2019,

128%

a-*-;

,105% 105%:
,106% 107%

Texas St New Orleans
RR—.
1st St ref M
3'As ser B——_—19*70
r
1st -fcref M
3%s ser

25

.

:.102%10234
;... 98

'

98%
13014:130 ft

.

35

93

-

1

}■

102%.103%

»

.

127 7/a

41

i

Trenton Gas

St Eleo 1st

Tri-Continental Corp

103

{

Friday's

Bonds

Bid St Asked

Low

i,

6ft

*-^

,.

gold 6s—1949
2%s dobs—1961

*

33:

66

...

100

:

i

\

.

100

>

—

10.1% 109

105%

-48

:

105%

■a-.'.." 110

1017/a 1017/a

C) 4

82%
110

100%

Range for

Sold

High

Year 1946

No.

Low

High

-

j.

5fts

:

Jan 1981

;r

r,:;., 90%, 90%

•-+-

Jan 1991

84ft

84ft

1971.

3V«t-1970

97%

debs

97,;, 98„

.

a

87

102

83%

85

ioo%;ioo%..

99
10614

91

;1
i

95ft 10714

.;„

i

«

■*

106*^

—

—

103

v.

65

ioi

a,;

,Fioi%;

.a08% 108%

—

Va

103

105:
,

;

v

;

■

| jrj
Hi
.

,

i

Union Eleotrtc Co of
Mo 3%a.
1st mtgo
coll tr 2%s——
tSAUnion Kiev Ry
(Chic) 08-.
Union Oil of Calif 3s
debsa—.
v r'/.2%8'
debentures-:
a———V Union Pacific
RR— ;
;
i f, 1st Ac land
grant 4«——
rt ■; 2%s
debentures
—.
a Ref
mtge 2%s seriea Ci-—
| Unitad Biscuit 2%» debs—,—_
i U
S Rubber
2%s debau.
1
Universal Pictures 3%»
debs—

:
"

Af-N

.112% 112%
*103% 104'/4

A-O

-1945

A-6

>*—

13

109% 112%

102% 407
^ 34
3.4

34%

-1967

/-J

-no4-::^

—1970^

J-D

.-102% 102%

I

'5 va

101

105%

I

13

loi ii 104%

£

102

I

.

'•

:-40114 101
*104% 104%
97-ft- 97%

—

•;

107%.;

24
'4-> 93% 99% <> 1
', 5 '
101% 104 %
10;
;-99
101%

*102% 102%
100

100%
101% 101ft

10 a:

99%

104ft

>

Registered

■

V

»

Wheeling As Lake Erie
-

Gen-As

ref

M

RR 4s
A

■/

v'

1992

Wheeling Steel 3 ft series C
•% Wilson & Co 1st
mortgage 3s_
t
Winston-Salem S B 1st 4s„—
fr§ A Wisconsin Central 1st 4s

1970

100%
65

;

104 >

63 ft

04ft;.

91'
,

109% ::

103% 108
102ft

I960
..1949

81%

A Certificates
of deposit
8 AStf At Du divAc term 1st 48—1936
a Certificates of
deposit——...
i.
Wisconsin Electric Power 2%s_
1976

;;80% 82

■

%r65

'22ft ; 22%'
^*20 ft_^ra»ioij 101%

..a

-i,/

*100

100%

'

/;,Vandalla

RR cops;
g.4s series A—1955
Cons s f 4s series B1957
Virginia Eleotric Ac Power Cd—
/
1st Ac

»

/

.!

1

ref mtge

2%s ser E
-1975
Va Iron Coal Ac
Coko 1st gold 5s__1949
Va Ac Southwest
1st gtd 5s
2003
1$4 COn8 5s
C
1958
Virginian Ry 3s ser B_
:
1995

*103

'103%

,100-/4 100-/4
*106% 110
103-/2 103%
105-/a 106'/a

iiSIISSfSiNEW; YORK CURB EXCHANGE
WEEKLY

AND

YEARLY

RECORD

NOTICE—Cash and deferred
delivery sales are disregarded in the week's
a footnote in the
range unless they are the
week in which they
only transactions of the week, and when
occur.
No account is taken of such
eslHng outside the regular weekly range are shewn
sales in computing the
range for the year.:
In the
following extensive list we furnish a
complete record of transactions on the New York
Jan. 4, and
Curb Exchange for the week
ending the present Friday (Jan. 10)
beginning on Saturday,
It is compiled from the
whether stock or
daily reports of the Curb Exchange itself, and is intended to include
bond, in which any dealings have occurred
every security,
during the current year. /
■■
in

.._

'

?
1
<
i
..
H:•..i*'FF\'

":F"

r

^i;/'w'F?::'';r::;:VRANGE
STOCKS
New York

Curb

vFi'.

;V%Vt Friday

Exchange

Last

Vv/--.

'ar

D

F

_1

10

Co

Aeronautical

Products

Inc

Mfg

common

(N J)
Investors common

i0c

preferred

Air-Way Electric Appliance—

Alles & Fisher common—
Allied Int'l
Investing $3 conv pfd.
Allied Products (Mich)

common..

Altorfer Bros Co

common

^" Fv-

Aluminum

Co

<

•»

-1

-5

—

Ltd

Car

—

28 ft

14

1,700

26 ft

10% Nov

100

10% Dec

3

—

,

.

—

...

,4%.
—

8%

5%

—

5

5%

6ft

86 ft

87

—

-j.

4ft
—

-

t4%

35

—

''83,900
10,000
1.000

-

40

17

17ft

22%

4% Aug
84

:

Dec

10ft
350

15,
10

21
Apr
23ft Feb
5% Feb:

38
Aug
F 17ft Jaa

Dec

v

—106% Dec:
3,8003ft Dec

—

.

Oct

NOV T V

4ft

■•'F/--i'"'-/--,.'25
17

,

' 7% Dec
,

Nov

7% Feb

Oct

11

Jan

5
;

a

/

.12

Aug
May

;

Common

6%

class

Gas
A

common-

1

Industrie&~-

dep rects

Associated Laundries

Atlas

Coast

Line

•

Co

—50

Corp warrants
Plywood Corp

Atlas

Automatic
Automatic

Voting

Jan

Avery

:

May

15

Mar

(B F)

6%

1
1

Machine

St Sons

—*
—5

common

preferred

25

Ayrshire Collieries Corp

1

Feb

Feb

Babcock <fc

Jan

Baldwin

5% May

Apr

Wilcox Co
Locomotive—

Baldwin
Banco

Rubber

de los

&

Basic

—

American

Metal

Products

American

Meter

Co

Co—

25

25

Refractories

series

preferred
American Thread 5%

1

Inc

2.50

Beck (AS) Shoe
Corp__
Bellanca Aircraft common
Bell Tel of

Benson

——1
1

Canada

100

St

Hedges common—
•
Convertible
preferred
*
Berkey & Gay Furniture
——1
Bickford's Inc

common

1

Birdsboro Steel Fdy & Mach

Blauner's

1

2

10

new

Co com.*

common——

3

Blue

Ridge Corp common——.
1
$3 optional convertible preferred—•

Blum

(Philip)

Blumenthal
Bohack

7%

com

1
1

25

Class B

Corp

s—5

Inc

25

American Potash St Chem class
A—_*

Republics

1
i.

common

20

*

American Seal-Kap
common—;
Amer Superpower

A

F-

-———

Seelig Mfg—

convertible

Mills

;

1)

■

(L) & Co common
Beau-Brummel Ties com

General Corp common—10c
$2
convertible
preferred
1
:* $2.50 convertible
preferred
:—1
American Hard Rubber Co

common——

.

Bauman

American

Maracaibo Co

common
,

Beaunit

American Laundry Mach
American Light St Trac
common
6 %
preferred
American Mfg Co

Co

Andes—

shares J.
Steel Corp

$1.20

1<

>

30

American

Barlow

preferred—L.

•

J> "

•

preferred

Barium

American Fork St Hoe common
American Gas St Electric

1st

&

(S)

(H C)

&

Co

Co Inc—
Co

*

common

*

1

preferred

100

Borne, Scrymser Co

25

2

10c
*.

Bourjois Inc
Brazilian
Breeze

*

Traction

Lgt

St

Pwr

preferred
5
American Writing Paper
common—_5
Anchor Post Products
2
Angerman Co Inc common—
—1
Anglo-Iranian Oil Co Ltd-r ;
/Am dep rets ord

Angostura-Wupperman

*

Bridgeport Gas Light Co—.1
Bridgeport Oil Co
1—

British-American

reg——
—

Apex-Eleo Mfg Co new common
1
Appalachian Eleo -Pwr 4ft*
pfd—100
For footnotes

see

page 237,




Corp

Brewster

Brillo

common

Aeronautical

Mfg Ct>

common

£1

1

for Week
Shares

Low High
F 6%
7%

..F2,800

Fsft

2,300

314

Range for Year 1946

British
Am

4%,
-4%

4%

^

.

5

Low*

-

Oil Co„.—i———
American Tobacco—r

dep rects ord bearer
Am dep rets ord reg—

«1

XI

1

High
15%

Jun

Jun

3%

Oct v:'.Vjf-8
Oct
8ft

Nov

43/8

"5%

8,500

10%

/■
.

;;

112

t/
12%

10%

V 1,100

9%

Sep

111% 112
12%
12%

20

110%

Oct

'

900

11% Nov

r:

IQ%

.10%

io%

:

2,3oo

;'

114

Dec

54

r

;

Dec

Dec

6

Nov

24

6%
"? 6

',3% Feb

26 Ye

Oct

Jan

'FT3% Apr
38% Maq
,'i- 18% Jan

Dec
Oct

Jan

* 91

v

IOV2

,

Nov
Dec

Jan

16-/4

Jan

25

14% May
12 ft May

11%

'

Oct •'

10%

Jan
115% Feb
27% Jan

FF

Oct

4%

Apr

~ 11

9y» Sep
9%

5

Products

Jun.

29
.

£1

reg
of America

Associated Tel St Tel class A_
*
Atlanta Birm St Coast RR Co
pfd—100
Atlantic Coast Fisheries——
1
Atlantic

6%

10

Refining Co_j.———.1

Electric

American

48

76

i

..

Sales

Range
of Prices

•

preferred

Associated

F
.

•

Arkansas Power St Light $7
preferred-*
Corp—
2.50

Aro Equipment
Ashland Oil St

j

or-

common——*

non-voting

16
a-:-

Nov
Dec

9% Jan
133% Jan

i 111

Sep
Dec

.

Jan

207% Aug
5ft Sep

A

$6

43%

Dec

2% Nov

;

1

—

Natural

25%

Co—

B

American

—>

Jan

Arkansas

26

American Cyanamid Co common
American St Foreign Power
warrants.

American

4ft Aug

*

1,400

Jun

30ft

121
common

American Cities Power St
Light—

F 4%%

1,700

Oct

Par

,

Argus Inc

90% May

common

American Beverage
American Book Co

Class

20

-i

22

Week's

Last

common

Bantam

Class

3ft
'

—

3

v

"I'f&x

6% preferred
Aluminum Goods
Mfg
Aluminum Industries

Aluminium

-1%

Nov

13ft

'6ft

50

00

Inc.:

;

-

8

<

—r/F2%

3

—

'

-3

Alabama Great Southern
Alabama Power 4.20%
pfd
Airlines

1,700

Friday

Exchange

Sale Price

.11% Feb

Nov

10

.

J

High

Nov

It

v

10

Mfg Corp common
convertible

6%

—

—

13ft

-1

Fr
'

6%

4

-2

Convertible preferred

American

-

)■—

-5

Air Associates Inc

Alaska

F

-1

——

Ainsworth

60c

*-

?

100

11

New York Curb

Range for Year 1946

Low

5ft-

9%

j.-

6%

-1

Aero

Aireon

'

-5

Supply Mfg class B_.—
Agnew Surpass Shoe Stores

Air

9%

10

STOCKS

rFF'';;F':F-v

Shares

High

514

Acme .Aluminum
Alloys
Acme Wire Co common

ENDING'JANUART

Sales

for Week

of Prices

Low

ACF-Brlll Motors warrants

A

Week's

Range

-

■"

Sale Price

FOR WEEK

r

f 2
.

j

l

,90
,.
!
.87ft .V.J I
,20ft .56
.v}|
;
22%
51
.at
100
102 ft 41
109
110
si
98%
98ft
58

a

^

?v Wisconsin Public Service 314 s.
1971
$ Yonkers Elec Lt& Power 2%s_—1976

123

I

11
|
:

108

117

•

I

if

;;.i99ft 104

104j

105% 105%

:;

102,; '! I

•'

106%

—

v

,J|

toift 103ft

101ft 101%

67% - -67% 68%
:a.no6%->:;a4>-.
looa loo
-

1Q4

H

;V 108ft

72-— 7314

-1958

:■

I

109
108

72

; 79 ft

.102% 102%

-r

7314

1949

2%s series

,

76%

4

—$

; a- *■

—2361

:———

—

73

72'

•

80%-- 82ft
79% ,82

-

*

' '

> West Bhore 1st 4s
guaranteed——2361

"ai
io4%
a

aa;; 103

s

Westinghouse El St Mfg 2ft8—1951
2% debentures
1971

v

-1971 *
—1975

<

v

-79%
78%

1960

—

^

82F

1950
1951

|

.103% HI
-rj/f
,96 ft Heft

-

-Funding dc-real estate 4fts
25-year gold 5s—
30-year 5s

f

,{j

109ft

106

105 ft

102% 103 ft

t

104

113ft 117ft
105
107 ft

106% 106 ft
105

i

68ft;i|

101%

*113 ft 118

;

110ft"

-

56ft

|

101ft.,$C4^;'-fi

*101% 103

,

—

107

»..

-m

—

ioi

West Penn Power 3fts series 1
1966
Western Maryland 1st 4s
___1952
Western Pacific 4ft.s inc ser
A—2014
Western Union Telegraph Co—

\

103

A

ser

,

,•

> -a

-88ft 104

,

580

.

;

inc

y (subsordinated)
->-.1970
Warren RR 1st ref gtd gold 3 ft *--2000
Washington Central Ry 1st 4s
-1948
Washington Terminal 2%s ser A—1970
Westchester Ltg 5s stpd gtd—-—1950
Gen mtge ,3%s—
,—-1967

,

J

"i

4s

Ward ;Baking Co

r

f

152ft

102

—

: :98% 100
;

,

f

106

98

'1

Tol & Ohio Cent re!
St lmpt 3%s—1960

;,t"i

101

,

*102

.•

mtge

Glen, mtge inc 414s ser B
1st mtge 314s -ser B
' WalworthGo conv debentures

I

108
i■.■

Glen

-

i

100% 104%

>

>

-.-f.

109

a 105

8

>

137%

V 102%

25

,

1

C,
1990,
Texas & Pacific 1st
gold &B——2.000
Gen &c ref M
3%«
—11985
Texas Pacific-Missouri—
:
«
i v
■fr" Pac Tenn
RR of New ©rt
3%s^l974
Third Ave By 1st
ret da—
1860
A Ad J Income
5s.....
Jan I960

,

or

,

(

P,——1986
-deb-,—1^,
1965

Texas Corp 3s

,

.•F"'"

\

I Terminal RR
Assn of St
Louis—
| vRef & Imp M 4s ser
C—,—
>■
Ref & 4mp.2fts
series

Week's Range

brtwnt

Year 1946

No,

Jan

F'22% Jan

.'

28
;

'

Apr

41

May

EXCHANGE

NEW YORK CURB
Week's

Sales

Last

Exchange

Range

for Week

Range for Year 1946
High

W/a

Class

(EL)

Bruck Silk

Co

common

(PH)

30

July

15%

Sep
Nov

Divco

IV4

1%

0,200

5%

'-5%

6ye

2,000

f,'6% NOV

12% Jan

250

12%

12%

600

VH Max

19% May

common,.

13

,.■ ....

Co common

3

Cables &

American dep rets 5%

Calamba

pfd

:

'6%

i

Power

13%

Dec

liy8

20

Bep

i*eb
Dec

28

,

Canada Cement Co Ltd common— •

preference

20

Canadian- Industrial Alcohol—
non

"■

/:;

•

Canadian

voting

3s/a

37/8

2,000

25% May

Eastern

24% May

Eastern

—100
1

•

v/

iq

""

Carman

&

Products

Co

common:

.

Carr-Consol

Nov

68

Apr

NOV

122

Jun

25

July

1

Biscuit

(J W)

Casco

(A M)

Catalin Corp
Cent Maine
3.50 %

common—

of America

Central Ohio Steel Products

1%

Cony

pfd

Chamberlin

Co

6O0

of

Cities
$8

Co

Service

$6

20 V*

12%
24%

75%:

73% ?rnfc.

:

—10

155

•

Auto

5

City 6c Suburban Homes
Clark

Controller

Clarostat

Mfg

II

Claude Neon Inc

I

common

:

18

3%

3%

9%

500

3%

Colonial

.-,,117.50

Mills Inc

Colorado Fuel & Iron warrants
Colt's Patent Fire Arms
«

Vtc

ext

to

1956

$3

4V2%
4%

series

-

Dec

6%

•

io%

10%

1%

l3/4

12%

I100

•

77%

80

:

9V*

1

70%

Continental

Corp common

Fdy & Machine Co

'2,900

0%

y>':
1~ '

Gold

Petroleum

4,000

-

■'•'

/ 53/4

K

5%

105/e

/

%
13%

J3y8

4%

.;/'-4:V.

45/8

13 %

13 %

#//'/
—1
-

3%

50

common.

Convertible preferred

-

393/8

»

'24%

2,400

/

13%

200

3,700

35/a

V// 13
t 'At 3

'/

Jan

Corp

Co

common—

95% July
33

-

•

Dec

J
|

July

y

y 7%

Sep

f:i

143/4

Feb

!

Sep
•

•3%

-..

-;v

"//J
'

'

y

:/]

26 5/4

NO?///:

Feb

July

j

7%

Jan

•

14"%

Dec

Nov

>

6%

Jan;/|
:

44 y2 Aug
;

?

,7

receipts (ord reg)^l£l
—5

„

Croft Brewing Co
Crosley Motors Inc

^

;

2%.

_i

1
5

Crown Cork International A

:>-'-,2%
,11%

11%

•

—

Crowley Mllner & Co
Crown Cent Petrol (Md)

30%

30%

.j

9%

f'

9%

•

Atlantic Sugar_.

17%

;>
>

2,80
5

Lighting Inc common
Curtis Mfg Co ( Mo)

•

5%
22

May
Feb
May

900

9

Sep

10%

1,100

10

Nov

23% May

Nov

10 3%

700

5%

.

5%
2%

18

%•

5

300

2y«

26%

30

;

6,800

•

:

-5% Sep
2?, Sep
22%

May

Apr
Apr

36%

Feb

May
38% Jan

Sep
'

53% Nov

12%

—

13

/

150

.V11

Oct

*
1

5%

.

footnotes

see

page




237.

7

common

•r

(A O

common—!—

Glen

Gobel

(Adolf)

Xno common
class A-

Godchaux Sugars
Class

B

....—

36

.if-

9%

V

37

.-7%

7%

8
38
9?

37
0

31

Oct

7% Nov

34% Oct
8%

Dec ;

/

.43 V2

Jan

55

Feb

".

29%

Apr

Feb

V

39

Jun
jun

27

)■

17% Dec

28

19%

19%

1,100

17%
12%

-L_l

18%.13%
163/a

1,500

16%

Dec

:A24% Jan

2,400

13 y8

Dec'

>

15%

1
*•

//5 Va

1,500

v

.

103

70

200

/ 7,500

4

■'Feb
V

48y<

•

6,500

.

44

107 "

Se p

•:

71

"15% Oct

300
>

/

' Dec

!

•>

47y4

:'

600-

•

.,.69 - Feb

>' Sep
10% Mar

V

Jun
Feb

•

Jan

1

13,700 / •>A

••

Dec

26 y2

Oct'

24

—*.

.i -//, rio3,;/.io3//
prior preferred
—
1%
1 l'/a
1V4;
Goldfield Consolidated Mines.
i4<;. '4»«*
yi
Gpodman Mfg Co—
—
15 Va15 '/:•■ /:•.. 15
Gorham lnc class A.
■M ii2
62%.
Gorham Mfg common
10.
'/•
11%
16%
:: 12 3/0
Graham-Paige Motors $5 conv pfd-^25
Grand Rapids Tarnish—:—
—1 '~i.' / 8.
11%
i33/«12%
Gray- Mfg Co—.—T——
6
Great Atlantio 6c Pacific Tea— -^ .<•. :
100/102%
102 I/:
Non-voting common stock—
'•'136-, 137%7%
1st prafwedL—
43% : 44A
43%
Great Northern Paper.-,-.—
-26
133/4/. .15/
•/'. 14 /•;:
Grocery Store* Products common—25c

$4.50

14 %

"

12% Nov
>- 4% Sep
67
Sep

1,100

5%

13%
20

Feb

feb

•

37

Sep

ill®/.

%. 63/8 Oct

17% Nov

8

Inc

'

Jan

Dec

/

Alden Coal_

Globe-Union

Apr
May

'•'■115% Nov

52% Sep

v
f

—.*
: — 1/ •

class B_

110

rl9y2 pec

100

Jun

63/a
'

Jan

S1/*

^900

Apr

140

;

Nov

110
•

-

Gladding McBean A Co—
Gleaner Harvester Corp..

Nov

111%

Jan

23 y«

.Oct

-••.-125'

—.*.

Co—i—

85
,

Apr

109.

Jan

3
,92

—

Preferred
Gilchrist

1'
30

Apr
Feb

31%

Bep
Dec

11%

100

103/s
12 %

/

3% Dec

■'

7,600
v

' ^0?

104

30

.18% Feb
JL7 V* Feb

Dec

Dec

•

-

20

400

•
100
General Plywood Corp
1
General Public Service $6 preferred—*
General Shareholdings Corp com—.—il
$6 convertible preferred
•
Georgia Power $6 preferred.
$5 preferred—
—
—.*
Giant Yellowknife Gold Mines
—.1.
FLreproofing common
General Outdoor Adv 6% pfd—

Gilbert

8

,

-

Gypsum Lime A

For

13%

£1
1
preferred series A——10
Finance Corp

Gulf States Utilities *4.40 pf<L_

Davenport Hosiery Mills
2.50
Davidsop Brothers Inc_—
1
Dayton Rubber Mfg class A conv
35
Delay Stores t»mxnen_
.550

H

Jan

,

Aug
Jan

$3fi

Jun

*22%

46

Apr
Jan

Jan

/' /" 7%

Nov

145/a May

A -~«BV*

Dec

23%

.

■'

Jun

.

108

Sep

13%

Jun

6%
60

20% Oct
105%

May

10%
-V

Dec"

160

17/.

24

Oct

.250

106% 106%
,17

17

"300

1,400

5%
31%

25%

—•

Curtis

/ 38 ?

Oct

11%

30

5
—100

common....

2

3,900

2%,

f.-11 y Jan

*j

Jan

9»/a

•

Crown Drug €0 common-.:
25o/
Crystal Oil Refining common—
—* ■/'
$6 preferred
—10

preferred

5%

5%

24% Mar;

3,800

31%
:

Oct

?j

14V*

dep rets ord reg

Amer

Glenmore Distilleries

Creole Petroleum,—.

Cuban Tobacco

.y

Feb

44

Dec

'

17 5/4 May

33 •

100
__1

General

63A Jan

Sep

Jan

18 V* July

107% July

•

pfd-—'

"$%/ conv

.

General

1

Jan

Courtaulds Ltd—
American: dep

Jun

common.

Power

Gen Electric Co Ltd—

Jul?;:

.

Dec

Dec
/'Sep

35%

150-

40

Jan

Feb

34%

—

5%

./.;Jun//|

123/(,

Nov

3

2,100/

.

26

'

22

112% Aug

8% Oct,
Y.;V»-, %

.->v

Jan

66
22

Co.

stock

conv

preferred, ,
Gellman Mfg Co oommon—
General Alloys Co_
^
Gen Builders Supply Corp__

91

/•

«,*•;■.' ^4% Dec

2,800

141/4*

3 V*

393/8

23/4

14%

•

.4%

Sep
Sep
Dec

No?

-

8%

pfd_

Feb

:

121

y-8W:OctV'::'

•w
•

2V%
45

Stores

Garrett

49
-

71% Jan

1,800

■

1%:/

%

«

i

900

5%

10 Va

-•:

10%

1,400
350"

351/4

35

50

„

Corroon & Reynolds-

5%

conv

(Geo A)

Gatineau

Oct

^^5%/No?': y

4,800

17%

__i

Mines

Coro inc common

class A

■

"0

313/4

9

16 3/8

•

-J'

2,500

3

91/4

303/4

9

16%

•

Cooper Brewing Co

pfd

»/2 %

C $3

Jan

Apr,

^7% No?

v

550

821/4

2%

■■

2%

31%

f-'

1

Copper Range Cor—*.

Cornucopia

-

* '•
100

;

80%

80%,'

5>r
10

Cook Paint 6i Varnish Co_.

Cuban

4

Jan

/:/ 5

107% Sep

9%

A;pr

—

Apr

f 11%
.

Sep

115

140

Apr

16

Co Inc.

6c

v

9

"43% No?
900

112

Jan

Oct

Get
1% Sep

rr'"-" V.

81

Apr

Jan
Dec

109

>8%

Feb'

42

9

•!:'

y

100

w-*'

118%

117

117

:

-

;

bearer—

%

Sep

2

,// 300

Apr
Feb

39%
153%

Oct"
Nov

Apr

30%
'

'

14%
t 43

'

4% Sep

,

voting.

Simon

Franklin

Jan

48

t

Sep ;

30

350

1%

Sep

50% July

''

10%

Nov

(Peter) Brewing

Fuller

/Jan

43

Nov

%

B

Franklin

Apr

Dec

23% Nov

1,700

27

•

16% -Oct
-17%

Motor of France—

Warrants

Consol Textile Co

5%

2%

166 V* Jyiy
12% Jan

r

Dec

j

Fort Pitt Brewing Co.

-r,

Consolidated Steel

Cosden

2%

•

common

preferred

Class

17% Apr,

^

4%

rets ord reg

dep

Amer- dep rets

Fox

V*4'£<s Sep

1

Sep

100

Jan

783/4

Oct

Class A non-voting

'•>

*

23

350

•
B

Consolidated Mining 6c Smelt Ltd
Consolidated Royalty Oil

$1

34%

1

preferred series C
y

34V*

34%

/? 77 y2 Mar

68%

Ford Motor of Cansdar— /

Ford

25%

3

1,300
42,900

.

*

Consolidated Gas Utilities
•;

..'

■

preferred

Consol G ELP Bait

8,800

6%

26%

26

:

32

I_i

common

r

-

10%

1,800 V

29

5 %

.'J-':

26'A
.>

25

•

Jun

15% May
32
Jan

7% Jan

3,500
1,200

4%„:
U%

26%

5%

_

,25

;

Conn Gas 6c Coke Secur

"10%

26%

Commonwealth & Southern warrants—

Community Public Service,
Community Water Service
Compo Shoe Machinery— •;•.••/

3%

10%

II

!

Airlines

9

Jun

"50 to A1 Store

'

Colon development ordinary -■v"! •'
Colonial

58;
>

Jan

157/b May

263/4

—.10
10c
*

Corp common

Ford Motor Co Ltd—
Am

21%

U% Dec

•

.

♦

common

^7 156

Dec

50

Cockshutt Plow Co

July

Jul^i

Mar
Oct

66%

100

Jun

d8%$iay

-f"

div cum pta
Fishman (M H) Co—

2% Nov
9

66%

Clinchfleld Coal Corp
Club Alum Products Co

Jan
Jan,

104

"

$2

15% Jui%

Dec

38

11
44

42%

v

Engine A Airplane.

York

First

Jun

166

Oct

600

11

40%

May

92

56 8/4

MetallurgicaL
Fedders-Quigan Corp.
Fire Association (PhDa)

Feb

41%

Oct

1,175

H

Clayton 6c Lambert Mfg

,

/

1043/4 May

Sep
Oct

Jan

./ 8

/ Oct

3

Fausteel

3% Dec

13,100

■l-"a ^
Illuminating..!—.!•

Falrchtld

Jun

4

Sep

14

v" 900

W*

1

Apr

Falstaff Brewing.

184% May
,

9% Nov

350

3%

Feb

Fairchlld Camera A Inst Co..

May

19

Oct

10 /

300

/.: 3%

88

Oct

11-k

«00

11

Cleveland

Electric

120

Jan

116< Sep

1®

-

13%
;

16%

-

1

-

Sep

2Va

'A'\

Feb

125-

100

155,

11

1

—

"

12%

10

Co

Co,.

13%

103/s

vk:V ^ S

;v.<''

28% Jun

,

20% Oct

2,800

15 %

15%

'

29
22

Oct

137

70

159%

156

159

0.

Stamping

■„

Feb

10%

Sep

iy«

2,400
11,600 i

27 V*

25%

25%

_io

Apr

52% May

65% Sep
,12% Sep

100

148

143

147

preferred BB

City

Nov

pfd formerly $5

$3% May

,,

Dec

18%

250

M%

1%

IV*

l

—I—.*

52% May

166%

Oct

11

50

$50 :

15%

14%

14%.

—4

,

May

15 % May

v.

16% Jan

200

21

12%

1

100

B

Oct

4

3,800

4%

'

21%

.

preferred

106

Oct

•

16% Oct
Oct

4%

5

preferred

60c

-Jun

24% Mar

Dec

53/a

Elgin National Watch Co common—.15
Elliott Co common
—:
10
5% preferred
J
;
—60
Empire District Electric 5% pfd
100
Emsco Derrick 6c Equipment
—6
Equity Corp common
in*
v
$3 convertible preferred——!
Esquire Inc
1;
Eureka Pipe Line common
10

Dec

18%

.15
4%

t.r

20 ¥4

common

12

Oct

9%
15%

•
1
•

•

97% Aug;

No?

46

79

73%

12%

preferred-

Feb

May

pfd

$4.20

23% July

Sep

16% Oct

23%

22
;:

23%

Mining——II

Consolidated

65

110

Electromaster Inc

6

—10

Chesebrough Mfg common
Chicago Rivet & Mach :
IChilds

.■74%

1—5

;

45

101

preferred

$5

Sep

8%

;

——1

America

45

1O1

Sugar. Associates—

Apr

100,

101

8

"'

—100

common

Charis. Corp common
Cherry-Burrell common

Chief

"

-100

1929

Apr

1% Sep
5oy4:oct
46% Oct '

10%

15% Nor

16%

-

101

;

8%
22%:/

100

i.—

ser

Cessna Aircraft Co

101

100

ser

opt div

July

96

30

51

1B7

16%

1

pfd
Utilities

preferred—100

preferred

Cony pfd opt* div

107

Oct

54%: Sep

Jan

12

91

xoo

•Cent States Elec 6%

■

16%

.15%

•//

Sep

Jan

70

Corp.

States

y $3.50

.14% Apr

Sep

•.

preferred

Central Pour & Lt 4%
Central 6c South West

40

22 3/4

Sep

83%

89 Va

Oct

8%

8%
39

1

Power Co—

Corp common

6%

Oct

.9

m

Feb

41% May
21 Va May

22 ys

m
•

Q*

Co

34%

15%

•

;

& Co.

8%

Jun

•
•

formerly $6.
Electric Power 6c Light 2d pfd
Option warrants
Electrographlo Corp—

""""""1

Co com

Products

Castle

Co

Jan

20

M

common—

Apr

Apr

Nov,

Easy Washing Machine B.
Electric Bond 6t Share commo:

33% Aug

114

"v

•

Co

/

Jun

45

Sep

45

»

Carnation

3

Malleable Iron

Eastern

4% Jan

2% Sep

v

/ 28

Carolina P & L $5 pfd_—

28%

22%

:

11% Mar

38%

$6 preferred series B

/
164% May

164% May

Capital City

■

Feb

24%

.

Oct
Oct

$7 preferred series A

Industries Ltd—

preferred

15%

/

prior preferredpreferred

8%

Sep

12%

Canadian Marconi

13% Jply

Sep

10

7,400

13%

400

4%%

11% Bep

•

.

.

500 >•
•

East Gas 6s Fuel Assoo common.

Dec
•,

Class A voting
Class B

17% July

Sep

6% Dec
18

£1
1

13%

Duval Texas Sulphur.

22% Aug

/ 28

i

!12

•••

2,600

25% Aug

15

•/

•

393/4 May?1

Jan

ff

Canada Bread Co Ltd

Sep

Jan

4

Test

17% May

*

Harris

Power

Duro

Jan

5

12% May

;8% Nov..

in

Callite Tungsten Corp
Camden Fire Insurance

Carter

Oct
Deo

''

Jun

200

-

,

.

Feb

71/4

; v,

/

23

Dunlop Rubber Co Ltd—r
Am dep rets ord reg
Durham Hosiery class B common

6% May

3

£1

Sugar Estate-

California Electric

7%

7

Oct

Wireless—

.

6V2V0

Oct

2%

flop

fomwim

Voting trust certificates——flOo

15%: 15%
7
7%-

Aug

37

■

.

223/4 Nov

—1
A_
i
1
•

Corp

Driver

Cable Electric Products

31

18%

Textile Co Ltd.

Draper
Duke

Nov

7%

300

Jun
May

133/4 May

Jan

2 3/4

/ ■; 4,700

14%

Dominion Tar 6c Chem Co Ltd
Dominion

23%

/f 1,900

173/4

Bridge Co Ltd—*
Steel & Coal B

Dominion

100

33%

.

21
180

,

-

Sep

12%

14 V*

common

Domestic Credit Corp class

Dominion

Feb

30

1
10

*n<i

Ltd—

Corp

Dobeckmun

Feb

4

1V*
-12 %o

9%

3y4

dep rets ord reg

Am

Jun

1.400

24% ♦ 24%

Raynolda Class B——_•

ds

Distillers. Co

Jan

26%

1%

>1,700

19%

19

19>/a

Sep

11*

13%

10 /

11

Mfg.
Foundry.

Diana Stores Corp

May

•15%

1,300

12%

11%

12%

Sullivan—

6c

Devoe
50

oct

J

16% Mar

Corp Am dep rcts__.
Biscuit Corp,

Butler

35

100

Mills Ltd—

Bunker Hill

Burry

^

47 ■.'«

6c

Products

Steel

Detroit

14% Jun

6% Nov

1,400

?%

:

Gray Iron

Detroit Mich Stove Co common

*

■

Gasket

Detroit

Feb

102%

Jan

pet r'.-

,1,500

12%

Derby Oil Co common-

34 Vt Aug

'l.

7%
47

Low

12%

145

Detroit

4% Jan

K

■

common

High

debenture

8%

May

31

Sep
Dec

100

Buckeye Pipe Line
Burma

Jan

2%
17%

preferred

Brown "Rubber Co

Range for Year 1946
.>;/
High

Shares

,

11

Dennison Mfg elaM A oommon.

7% Jan

Sep

25%

16y2

Distillers

Forman

prior

Bruce

17%

4%

B

Brown

$5

4%

15%

dep rets ord reg
British Columbia Power class A.
Amer

Sales
for Week

Range
of Prices

Low

r

Cetaness Ltd-

British

Last

Sale Price

Low

High

Low

&

New York Curb Exchange

Shares

of Prices

8ale Price

Week's

^Friday

STOCKS

Friday

STOCKS

JANUARY 10

FOR WEEK ENDING

RANGE

New York Curb

Monday, January 13, 1947

COMMERCIAL & FINANCIAL CHRONICLE

THE

234

39

20%

113

Aug
Jun

Hall Lamp Co-

CO' Ltd.
Bammermill wipof - ■'
—
Hamilton 1 Bridge

/ 113

•

r goo '
v

200

.'1,400
■Ly 3©

■

-.9% /9%
.73/8: ;/7%
32%

33"

"-V--200
100

_'100'

Apr

Dee

93431 /

"

-•

Aug

163/4 July
.39

Alabastine

100

/

.

7

NOV

If ;h 147 /x July

••/' 37

Sep *
13% Jan

xlll% May
•.;/ 12% Sep

r135
;

46% Ahg
28 ¥4 May

116

Jan

k J«y4/Jun

•% iSep
Feb
sy8 Dec;/ /MlVa Feb
Nov / ;/- 523/4 May

28

j

NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING JANUARY 10
V,.

wy-;> STOCKS
New York Curb

''ptffip-'- '//-.■•
PPP;

Friday

Exchange

Last

■■■;,{

v

Low

25<;•

Con) of America

B non-vot com__l-

Hazelttne

Corp.—_
-J—■—
Dept Stores common-:—

Heam

fltclk

■

&y2
11

-

•

:v-

•

t,

Heller

-

.—.I
common—i—.

Co

5%%

4%

preferred

preferred

Henry

w

»••/•»

—;

100

15%

—

»_1!

__

common

—•

;.^:..10•'-:74%^.?

Hollinger Consolidated G M—i—
5
,HoUy States Ind^*.
——.1-Holophane Co"
Horder'st

33

10%

•

:

Feb

23%

Apr "

Dec

t

Nov

^5% Dec

18

Dec

' 8

25

i—•
Co__i.**—•;

Horn ft Iferdart

''

j

--J

common——i——
P
100

—

Hubbell

(Harvey)

Humble

Oil

Inc_*
iiMMiRefining:
iilfciiii.*
Hummel-Ross Fibre Corp
5
Hurd Lock.ft
Mfg Co_^---:^-«i-5

Hussmann-Ligonier

Co

common—22

Warrants——s——

26%

Jan

preferred——

—i—1

Hydro-Electric Securities—
Hygrade Food Products
,

:

;

15

.

9%
48

3%
.

,

y '••i'- ''.I.

'

•V.

v,;

*. '••••;

:■ '

l

tonv

60'

■

-

Indianapolis

1

Pow ft Lt A%

pfd——100'

of North

106

'

-

21%

11%

300

108

'

106%

944

i-

98

-

:

Metal

• 109%
98% 100

85% Oct
82
Bep

1,850

123

;

113

Ciga* Machine.—__
International Hydro-Electric—
; ;
Preferred $3.50
series.'——i.'——50
*
58%
International Metal Industries A
*
;
International Minerals and Chemioals—
Warrants
■
s
-r.
' ? ■'<'
■>
International Petroleum
coupon shs—•
13%
Registered shares
13%
I
( .:*■ ■>-•
y-'W-vC.
'
International * Product^.:.
i.——.10
14
International Safety Razor
B—--r—*
4
1 International Utilities common—
..—5
12%
r Interstate
Power $7 preferred.——t—*'
—>
•
investors Royalty
..i....——1
1%
Yron Fireman
Mfg voting trust ctfs—V
Irving Air Chute——i.,———1
6%
1:
I(.aH«nr finperpnurar A
1%
f.;yy;;:y ',.'y>y,-K:

20%- -21

300

20

,

58%

(

/i:

—

62

—

39

$2

h

^

2®

'

13%

13%

12% Nov
12% Nov

600

•

:

14

14%'

-

4

4%

600

29%
1%
20%

—.

29%

■'v

:-y";V

;

6

y y.-.;,y:.

,

>

stores common

19%

1
1

—

:,v.

.

v.

SYs

:

=

-

.

Products

.

20

7%

400

TV*
11%

11%

60

Dec

1

*

4%

30

15

111% Dec

1,100

•:

4%

4%
7%

300

He;

1%
-i

He

H.300,

4y* Dec

21%

•

23

10

10%

>

•

-

400

12%M^r

Lftclede-Christy Clay Prod—.—.—..5
Ltd————^

Lake Shore Mine?

Lamsoh

fcorp

ft

Machine

6ya

67/a

7%;

7%

7%'^

,

.1y;

•.

!
••■•

Realty* cqmmon

..i

;

18%

*|iw

1,

11'/a

Leonard

Oil

Development—

Le Tourneau JR
G> Inc.—
'.
Line Material Co
Lionel Corp
—.

____25

i
;•

■

Lit
•-

Brothers
•'•..*

;

Loblaw

common..
■

•"

;

l y

.1

29
;

>.

25/y
:

'

—
'

9

'y

/

!v

-

24 '

„

12%

10%
.13.

1,000 y.
y 800
;

■,

v

;

1,200

"■

ii

17
3%
9V*

36'A

——

y;

._••
—

5

Logansport DistllUng Co.'.i———^1
Corp common
10
Longines-Wittnauer Watch Co
—1

Lone Star Gas




c'--..Ky.V
:

—24%
€%
y: 8%

17%v-

-

t

„

io%

16%

Oct

v

36%

60

—*

*

01/a

A

.100

;

10%

17%

11%/..

9

/ y

*

3%

15%

,

.

iKv

7

18% Z18%
39

i'

.

20

10

Power

;

; •

9

37/a

a

Nov

yl,500?v^y9

....100

—

136% 137

.

15%

1,200

10% Dec

Jan

18% Aug
Jun

•i;. -23% Feb
.y 54 V* Jun

!

10%

Oct

22%
132 >A

Jan

6%

Feb
10% Jan
32% Apr
'160% Apr

■:

Oct

•

Sep

'4% 36

14%

Oot

200

10

Nov

400

10% Nov

200

11%

11%

common——y*/ /y—;■!

Sy'y

Oct

•

:

y;

ne#

common.———i*

^Stf'

Breweries

common...

12

~37/a

37/a
45

45

14%

14%

15

12%

12%

13

•

-

12

6%

,

6%

Jun

21% May
17

Jan

Steel

Cooker

20

40

3,000

Va

'14

Apr'

.

Car-

37% - 36%
12%./ 12 ya

•

Ltd™

f

1

11%
'

''

%

fir

4%"

conv

—————100

Park

400

•

900

9

1,025
725'

Dec

6

•

:

15 Va
;

•

,

.

Jan

,4%

Feb
Feb

14

24% Feb
Apr

10
Oct"
11% Oct

100

16%

10%

-'.93

8%

y/

——*

preferred

Arizona Land

29%

118

:

"

30

-

v22

.Jan

.119

■

67

Sep
Sep
116% Nov
•V; 6% Oct

170

14 %"

10O

667/a

67%

1,300

4ya

4%

,6,200

2%

»

4%

-.1
—•

120%/

2%

; 2%--'

>

S

35:

Apr
142
Aug
v. 16% May

■p2l
~

-

July

(81% Feb

Sep

3% Nov

?/v8 -Sep
54^1 Feb

500

—

—

■'>•

12% Oct
58

Jun
Jun

-•

25

v

12%
108%

Bep

79

v.

50

14%

1

Mining Co—

New Process Co common

9

88% "94

.

.—20

Jersey Zinc——.——.^..—28

New
'

3% Nov

^

New England Tel ft Tel
—100
New Haven Clock ft Watch Co—.
•

4%ft

3,400

12

10

Nov

21
Sep
10 Vt Oct
rl% Oct

5%

12

May
37% Sep
23% Mar
*26% May

Sep

•

11 Va

1,500

•>

16

9

preferred

2

38r

Dec

29

2,800

Vv-

l7/a

16

Associates...^..*

preferred

200

107/s '12

1%
4%"

•
'

2,550

•

class A
i'

39%

I 22% July

11% Deo

300

12%

17% Jan

Sep '•

17

2

com

Machinery

Nov
7% Dec
•■■"■'9% Apr
49% Aug

:

3% Nov

9,800

P

.

Pressure

R/19'S

Dec

6%

700

4ya.

:

11% Mar

July
Dec

95

,

NY

N Y

•

N

common—......—*

10

10

100

Y

ft

Honduras Rosarlo

——10

Merchandise———

—10

46%.

46 V2:
2i ya

550

45

'j/18% May.

8% DeC
11% Aug

46
21

City Omnibus warrants

Y

N

Auction Co

'

;

150

>

19

19

Sep

it

64%

Mar
Jan
Feb

X35

Dec

N Y Shipbuilding Corp—.

.

i.

.

Founders

\

shares

1

—

10% Nov

N Y State Electric ft Gas $5.10 pfd.100
N Y Water Service 6ft pfd
—100

54%',

Niagara Hudson Power common—..1
5ft 1st preferred
.—100
5ft 2d preferred——
—...100
Class B optional warrants———.

10

120%

—

Jan

51

•

Z

55

9%
10%
120y2 123".
114%

114'A

'•

1

1

46

:;/320

15

Niagara Share Corp class B com

.

'

9%

Jan

Sep

123%

Feb

Sep

120

Apr
Feb

5,300

Nineteen Hundred Corp B

Niplsslng

.1

Mines.—«—.

.......

u'
-

Noma

-

I

i2ya

•:

3%

12 Sep

r

11

Va f

2

-

1,900,

18%: 20 Va

2,300

Light ft Power commonu-1

8%

8ya ?9%
168
174

41,>.00

j

■

•*,

Dec

•

i;- '

11%

Dec

-.1% Dec

.

i

,,

^

'

^

13% May
26 V*

Feb

20%

Apr

i'5% Feb
K

18%

2.

Sep

11%

3,500
/.vioo.

-.1

$6 preferred. ——'

8%

900

...

/'/' ;-fc'

"•

Electric

North 'Amer

;vl

97/a
13

-ii%
114

12%

Feb

23% Apr
22ya July
12% Dec

5

Niles-Bement-Pond

May

8%

480

1%

Jan
Jan

112 %

1,025

'

i72Va

.

1

575

Feb

26
95

Dec

100

25,300
'

112

.

111

104%' Nov

.100

105% 105%'

,

30

-•

Feb
Feb

210%

Sep
Dec

7% Sep

yyso

$2

_.•4
33
Sep
32% July

Jan

yy.

'6

20

"

17%/

6 %

41% Jun
S3
Aug

y-'V T/'

7.700

Jan

Sep

20

23

»

20% May

Nov '

yf, 5

.

17%

! ' * .r- t -V \* j ,'*1 $
New England Power

Sep
Apr !
Jun

26%
:

Pi.

May

37%

•

common

1

Jun y

56

Mar

-

17

:,'.y

ioy2

Dec
Dec
<

Apr

20%

"y

-

24% May

'

\

180

30

//•' 25

22

y

Apr

:

35

45
'

4%
11%

1,900

39

Dec

x27A

900

v

8%"

Nesle Le Mur Co

14% Sun

27% Oct
13% Nov/

ry/

87

-

■{ Jan

9Va

1,600 Vy

15%

187% 189

>

20

2,700

5

:

103% Oct

1,400

3

15%
—

'

4%-y;
'

*

Sep

300

■

9Vk. 10

4%:

•

28

v

Jan

6

Dec

900

29% Aug

..

19% May
50
July
11% Jan
107 % Feb

Dec-"'

30'/a

'

;.

Nov

27/a

6%

50

9%'

y

28

9%

'

yyy 8%

■C.i—''V

28

<

yy

1,400

Jan

14% May

•

17% Deo y

100

1,800

—

•

Transif.——-i-i—-—-.12.50
Mine? common
1
National Union Radio.—————..30o

30% Dec

.

y26% Feb
^
'■
,-25% Mar
25%'
> f200
v
23
DecV "
9%:

•

:{ 10% Sep

Jan

Feb

9%

;

Feb

21

Dec
Jan

(

A

4

f.8%::;

;7'S--y

•

3% Nov

1900

/

I

35
47

y

Nov

28

V

/.40O

17

National

15% Feb

Doc.

29% Mar
9%

■

W 300

>

8%

National

23% Peh
14

37% Jan
iy« Dec

900

17%W-.

8%

-

9% Jan

—

•

13

20 y* Apr
.-6
Aug
yv 31% May
>;
9% Oct

6% Nov

y

•

r

•

25% Nov

igf 3
t 8%

National Tunnel &

14%! Nov
*

Npv

4,900

1%

25

$0%

900

29

7

7%*

29%
4%

4

-<•

Malllnson Fabrics—.. ....I
National Mfg & Stores common
...1

JUtt^

.;,6% Npv :/-i7%. Nov

12

VA

Sep
Oc$

.

.—

11%

28%
V 28%
17% yv-17%

5

10

j

Groceterias, class
*.
Class B
i
•^
Locke Bteel Chain—

.:

—

1%'

100
100.

15%

Prior'preferred>——y—-

Nov

1? '
6%
6%
.14%
.y

30

15%
y

5Q0
.400;

y

30

12

2,800

15%

v

__

•

v

Lipton (Thos J) Ino 6% preferred—.25
•••I

15%
*„

j

.

B————-1.—•
Lanston Monotype
Machine.....—.—5
La Salle Ext University.
I
5

i'

10

1

Producers
States

-

200

4,900

*

6%

Class

Lefcourt

13%

34%

.——.5

of Delaware.

common—---..1 /
Langerdorf United Bakeries class A__*

■

13%
13%

:

8% Jan
15% Oct

-

800

New Mexico ft

!

—

13%

8,400
25

:

1,500
1,900

New

1

—

Lane Wells Co

,

■

■7%
preferred—l-U^.~-25
National Fuel Gaau——

>.1L
Foundry

29

Namm's Inc commomNU—!1
Bellas Hess common
1

^ ••^4;

-

y 24% Apr

N

2% Feb

''y
•

Dec

Aug

W®y

"% .18
:
Ty .y yy

u

^

2 %

Nachman Corp

r^'7'y^24.Vi.8ep..y«y-.'7-43^:: Apr_i:
17^ S0T
34% Apr
300
19% Nov37%^uy
900
10
Oct
18%

—

,

1

-

"

,

—

—

Qo—4--w———1
..

.•:

;;
21%

—

21%

7%

.• ;• 'y:«a;/-. /

(Herman) Corp.—...——5
Neptune Meter common
5

Sep

9

y

Jun :)

6% Nov

t

Oct

.177A Jan
v
.5% Jan
>14% May

Nov
Oct

14% Oct :

*{:'■ y. V.y j

—

Mountain States Tel ft Tel

May
94- Apr
82% Apr
-28% May
9% Feh

•

2%
9

•

3,000

7%
.it''

'

—

li

5%

Mountain

115

12% Oct

2,200

*i%

'

—

4%

20%

;

Nelson
1

comiqon——-—.1.
Kobacker Stores r——.1

Lakey

3%

205/a

Utilities——...—5
Ward A—u
•

Mountain

17% Jun
124% Jun

Dec

50

...

--

•'y

2%

National

130

109%

14%

^

3%

y .18'

6%

15% Jan
29% Jan

460

14%

&

18

2%
8%

Nov

69

•

/'

100

9% Feb

'

u-;

i

10% Deo

85

t

1,600

i

5%

6

150

1.100

78

•

13%

—50e

National

v 63

y..'-

-

12

12

18

Mountain City Copper common...—6o
.

32% Jun

69

109

1,000
1,200

:

18%

Feb

85

'

ii 600

2%

?}% Apr

ti

8

10%

2%

Montreal Light Heat ft Power,—.——•
Moody. Investors partie pfd———
Morris Plan Corp of America—lOo

19

109

Lake G M Co Ltd——
l
Klein (D Emil) Co
common
Kleinert (I B) Rubber
Co———10
Knott Corp

Brewing

..

Oct

nv-t'

2?,/

-

.

7% Deo
121
Sep
18% Jan

—

100

Petroleum..;

Krueger

40,100

.........100

Kirk land

!,

Dec

,

Mar

62

Dec

i 5%

i- 800

:

6

9'A

National

7%

..

5%

Nov

VI

J;

Nov

5 >

Jan

12% Jan
May '
11% Jan
14% May

112

Tit

.

7-—^

24%
•

2,100

10%

Montana Dakota

National

6%
—

50

02

May

7

_5% Dec

pfd B——100

preferred

D_.
King Beeley finrn

I'

;

■

..

Ki^%%Iyprefeired0^ir

KlTby

1,100

26

8ya
26%

Dec

Sep j.
! 6% Dec
109 • Sep
4% Sep

9%
!:7.y 2% y;:

Molybdenum -Corp—*.—...—«...I
Monogram Pictures common-!——— 1
Monroe Loan Society A———1

National Rubber

Kings Co Lighting 1%

Kingston

1,400

24

i

Kniser-Frazer Corp
1
6%
Kansas Gas ft Eleo 7% pfd—i——.100
;
Kawne?r Co——
Kennedy's Inc
5
Key Co common^..—
:
Kidde (Walter) ft Co.
—j——.5
11%

8%

6%

12% Rep
5% Dec

900

16%

18

5%'

8% Apr
Apr

7

14%

100
y .;y

Muskogee Co

2,900

7%

•

y

.

5% Sep

600

57/a

.

conv

Montgomery

Feb

Feb

; 2%

y:

:/'• y(is'-

13% Jan
.3% Apr

1% Dec

—"

-i

*

'

Dec

.

6 V*.

5%

-

:

500

r

^';-lly>.5';

y

>

.

P & L 5%
pfd
Missouri publlo Service common

7 y---

20%'

'

9%

16
'

—

.

32

1,000-

(

Murray Ohio Mfg Co——
Muskegon Piston Ring——17%

^?y .■■:•-

17%
6%

—

...

;

6

-1 n |||||j-: :y
I, m■!■■■ HI..

P|.:
v

2,500
2,300

A

3% '•

i

6,000

••

y:;.

—

Oct

9% Nov
25

:.yy v yyviy'-r

1

Minnesota

63^ May

Nov

.

19%
4%
18%

Sep
Oct l'V:

9

500

18%

dividend share*—

x?

1®% May.

^

Products-?-

|

x-"

••

1

■

19

t-r"~ 5%

Abrasive^...—^>...50

.

Class A preferred
•
Julian ft -Kokenge Co.—*
i

6%y
1%"
'V'-'

^JaP.y-

■

Jeknnette .'Glass C6
eommon——.1
Jefferson Lake Sulphur Co
Jim Brown

-i--.

^200

12%

1,300

5%

6%

1 /'C..-

preferred..
Mining Corp of Canada..—

••

"'r

——

(

~

i

•
^

;

;* 6cp
27% Nov

200

f

20%

1%

^

>

4%%

.

24% Jap
24% Jan

May

6% Mar
Jan
Jan
Apr
22% Jan
47
Apr
24
Apr
87% Apr

V;

1% Dec

40O

V 110% 110%'

H"

-y'—

Corp.—...1

Midwest Piping ft Supply com

*lYf Au*

2% Dec.
11

17%

*•

Mid-West
Refineries
Miller Wohl Co common

'

10% J»S

3,200

12%

.

-

.

600

■

11%

,

,

"■

'■

177/a

Co common——.——-•

.

.

\■

'

'

•

■

^

v

Oct

60

y

■

5%
3%

—.——10

c—

non-cum

Midvale

Jun ;

■-■2O:v--5^«-.s-80O:»^aO-'•y;Oct:7>fy.35.
13% 14
8,500

.

•

^

-

l,10O'-:

33

'

•t-.;

■■■*%■<«>■

^

t

v

/•..'

-

'•''■•'

:/^V<y<~V. :$•':}c>

Midwest Oil .Co.A.^^ mi..fen., km mi,»■

73% Apr'

.

34

4% Oct
!--7% Dec

1,700

11%

32

5%

25o '

West

Mid - We s t

33% Jah, y

Oct

•

.

v

17% ;
15' '

11%

32

B

w

4,000

■

36

•

:,l

200

• •

2

14%

pifeferrecL——..—. 14 '
:.'s'o

56 % May

Dec

■

9%

14%
-'1yyy

——i—

————■

Midland Steel

-

—

common

Corp..
.

0% Jan

2% Oct
17

500

/ '

4%:'

:

;

1%
17%

'11%,/y

Corp common
Midland Oil Corp $1, conv
pfd

jan

l-'W-L;

1,200

k

—

Class B
Middle

-

"

'

26%

-v.y

.v

De6

9

r/

v-

Micromatic Hone

International

{

1%

Middle States Petroleum elass A f t 0.1.

.

Deo ;

112% Aujf
109% Jun.

;

Textile

Preferred
,

4%

a

9

1

—

——

1,300

207/a

—

Michigan Bumper Corp
—
1
Michigan Steel Tube——w.-..—2.50
Michigan Sugar Co w
eewUww iw'

30% Jan

107% Sep

120

; 107

99

-r

15% Ang
Apr
Apr

117

21% May
40% Jan

•

A preferred..
.........100
Iron Co—.——————I

Messabl

\lil% Jwiv".;,/.
-I:*/" i

'79% Deo

9% Sep

;

Mfg Co

-y,-. Participating
Fc 'l'i',1'*}:,vV-?,

15% Jan,^.
15% Jan ;;

;

^

-66

Apr

111% Jan
14% Sep

100

4%

20

y

:'

y,

•

Chapman ft Scott—

6 % %

.Ma?

18% Bep

400

:

y

Apr

108

io

/

•

y/'S.
—1

——•

«►

-l

12% Jan

100

...II

y':.•

■■

Warrants

Apr

23
19

-

Sep
Sep

11%

21%

*

Menasco

-.....

5%! Oct.-.^

1,300

.

13

'51

—

America.:.—10

:

-300

117

5,800

v

17%

3%

,

,

I

—

Dredging

;• v;

Merritt

39% Apr :
'.'11 ; AP?

,

preferred—-106'

Insurance Co

<

^14% Nov

~ y

—

13

:i ^

Indiana Service 9%'
preferred——.100
7*

—

'

'

,

Ireland..iJlr—£i

;

:

Sep :?•.
53% ?N9
15 ^ Oct '.'

/:vv.yy

Memphis Natural Gas

7

20 A

ri,300
3,800
1,050

6%
6%
11% ,12%,

--

-13

Imperial Tobacco of Great
Britain ft

■

7% Apr
54
Pec

•

11%

<

T——L—•

Imperial Tobaccp of
Canada.!.—....5-

*

19

Oct
Oct

:

o

Mead Johnson ft Co

:

•'

"

4,700

18%

Iff

.

...

61

•

17

Am

dep'rets regii
».
t
L\ S^.
Imperial Oil (Can)
coupon—i-—•
Registered

'.i.-'.-f

29%'

113

u

17%

20%
i

*

——

"

-

28

Dividend arrear
ctfs_l——
i—• 17%
£IlUnosi ZinQyCo^comman
U-.U,—1118 ;
Imperial Chemical-Industries—

McWilliams

July
July

59

.

:

■■

'v..'■

common—28%
preferrtdi:::—50^
-80 j

12

22% ^an

„

jy

,

Ltd——....

Massey Harris common
Corp common
$2.50 preferred

■;^'^3v :;Vv:'';
-V':

|

.....

Illinois Power Co
i

900

v
r.->

Oct

37% Oct,
3% Sep

100

Co

Power Shovel

Mass Utilities Association v t

21% Jun

175

-

3%,
-49y2

1
•

Iptema^ Marine

Communication
Marion

50% Mar

10% Oct,
6

70
65

350

.

>12% '13%

3%

common

Co—y°/,—

Marconi

Jun

Dec

1,^00

'

Stores

(The B) Co
Mapes Consolidated Mfg

15% Jim

.

45

,

.y:

1

Mar

6% Nov

High

3%

Aug

•

113

Sugar optional warranto

Mangel

75% May
27% Dec

150

11%,

8%
46

42

•>

100

10%

•

10

500

•/

13

17%

McCord
,

82

.1

Manischewitz

33% JUtt

k

A8% Jan

90

1

M

Aug

24%; ;;;y400:''; ::18/rOct/./l/. 37

1

-42%

;

'

80%

11,200
'v'" 175

■

87% Jutt
...17% Feb

Sep

87

glVa

Manatl

Y2%

10,100
^

> :47

^

v

'

;

250

-

-8%V
"•

47

•

__

—8

,

27

8

46

.

♦.

60%y ;- 2,600

22

8%

•

f

30

lVt

87

—

,

.;

—

59%
25%

•

10%

Huyler'scommonL-w-i-i,:———_1
1st

—

30

•

59% :
" 26%
; ; -8
i :

.

-47

<7om Stk: purch'

■'

—

—

ft

'

Low

Nov

.-32% May
25% July .
35%' Ssfc'.y//„'■ 45% July
_-r. * 140
Fsp - -170
May
150
38% Oct
47% Jun
112
May
115%Mar

40% x41%;

v

1

Light $0 pfd—«—*

'

preferred,™

'•::

1

Lynch Corp.

^ 45% May

ti^4^5$^53

—*

Range for Year 1946

High

t

.

Louisiana Land ft Exploration
Louisiana Power ft

Inc—tPPpp4'" :r^v^">::--;l9%VScpy..,

„Hormel (Geo A)'ft Co
common
Horn ft Hardart
Baking

Low

Shares

May

Oct

"y

'VV".-23% Sep

far Week

of Prices

Apr

' 113
92

Sep

J

Apr
Jan

16%

10% Oct

Sales

Range

:

.

19% Feb
48

;

2,000

*

V Sep.
;-10%y^ 2,500 "*v/9r Oct
5%
6
1,500
6
Nov
25
-26% 4
1550 ■"•"•'22 V&ep.

10

:

'5%'

•

:/':80

73

Jan

26%

"103%

-

'

7% Jan :
14%

Dec

19

100"'
200

Long Island Lighting Co—
y. Common ctfs of
dep—
7% preferred A Ctfs of dep
preferred B ctfs of dep

.

Dec

11% Sep

'

•

10

—

21%

r

'

150

—

31%

3% Sep

83

—

—

.1

& Co class A—

13%

9% May

*6%

1,200

-

,

f- r
15% N*'
12%* : '

Deo

13%
10%

y'

-1,600

24 :

3%

•

400

■

11%'

22%

t'

;

15%*>-400

12% -13

■

1,200

'*;Y 105% 105%'

—

100

,

Holt & Co common

(R)

2

-.1

w W__™

Heyden ,Chemical

8%/'> 8%

—■

'PI

w—

3%f;^;:300 .'/A:

Week'*

Last

Par

'

72% Jun

.

Friday
"

Salt Prlee

High

y

;j f

Oct

60

4%;

11-

<

*

Class-Ail

100

3% -V

-

STOCKS
New York Curb Exchange

'

Low

-

4%

Mining Co—250
12% *>P 2i Pi-

Helena Rubinstein

Hoc

>'

65

-15%
5

V:

'-i'<Mtange for Year 1946

High x/CpPzP-P'*

641/a

l>1; - y 4%;
Co.^.!—-i—1 PppPi

Hat

;-.:Vv.PX'pJp-'"v

for-Week
.Shares

ol Prices

PPlfP

Par '

Sales

'Range

Sale Price

Hartford Electrie Light.
Hartford Rayon
voting trust ctfs
Harvard
Brewing

'

Week's

16

Nov

6% Sep

132

Sep

35

'.

Jan

42% Mar
167

Dec

•

V

"

-rv.

NEW YORK CURB EXCHANGE
"

*

WEEK

RANGE FOR
1*

ENDING' JANUARY i0 ~

*

Friday

Exchange

New York Curb

Week's

Range

Shares

■-

Sale Price

Class

North

B

common

Airlines

Northeast

RR

Penn

Co

3%

.j

3.%/, ..V

.

13

13

Nov

62 y* May

Feb

12%

Jan
7

106:

.llflf--" llO^r'b1^- 25'
' 57
.58 Vf/'Z 55Q.
40 V«
Z 37'/a
42
v" "4,500
8
•
8
83/8;-- 2,400
>-i 1 1
31-j/4 "31l/4fc ;tTOO
v'

7%

Dec

10

Savoy Oil Co_A—

•1

Schlff

Co

Schulte

Apr

46 '-

29% Sep

Steel Co

Ogden

„

Corp

Old

*

Polndexter

Copper Co Ltd Amer shares

0 okiep

va • 8. •»
■;
12%
12 y8 .

— 100

14%"/15%r

11%,
14%

Securities

■Overseas

600

20

600

"

.,

T

v

22 r Jan

Oct

'14% Dec

26

6%

.29% Oct')
4% Sep,-

100

19% Nov

I

Oct

/,

Sentry

2%

t

r

Corp

BOO.'
1%*;" /'. 100..

*

9%'-.

'

Pacific

Can

Co

Pacific Gas & Elec 6%

5%%

1st

Pacific

Lighting
Public

38% Sep

1,400
35%; 36
f.:. 200 <•
•104% 104'/47.0
40%

40%

40%

.

preferred—'

$5 preferred...
Light 1% pfd

Pacific Power A

Pacific

pfdZ

1st

300

11%

11%

x:tVA

common^.

.26%

3

Airways warrants

7 Paramount Motors Corp
Parker

Pen

/

Penn-Dixie

Cement

.

.

8
11

,

77%.

43%

Sep

9

7'/a

Nov

Sep

9

112 Va

Governor

40.

Ltd

; •

-

?
.

Oct
Jan

Southern

13%

Oct

"2%

Sep

5% %

6% Mar

5%. Dec

corns

9%

Nov -

44
;

/Nov

8

common
:

5%
15%

common

May

10

Sep

Jan7 ?

Power Corp of Canada

;

\i.

Dec

//V 28 y2 May r

Sep

■m

/ 10

common

100

1st preferred-

££7

.1

■i[* Premier Gold Mining
>•:<

PrenticerHall Inc common
Pressed Metals

/

of

Producers Corp

;

.19%

X-

79% /10
71,400
1 %'
2/// 2,700

Prosperity Co class B

1%

29

$5

1
/

Pyle-National

—

122^ 'r Jun

"

4:>109%

10^%

,26%

_

27

s

Va\

300

;£ l,300

;

XlO%

—10

Q
91%

-

90%

•

Apr

Sunbeam

23

Feb

Sun

95
161 / :

.

'

.

189

4%.'

common"!""
;
1_•

Raymond.Concrete Pile

.

37%

Roller Bit

Reed

Co

Engineering.,—II57

Reliance Electric &
Rice Stix Dry

Goods——

Richfield

Corp

Oil

,

Rio Grande

■

.

.

;

A

Roeser

Am

Rome

Pendleton

Art

-

Sep
Nov

49
:

5%

Oct

6%,A 6%*/

y/pZ

' "/ 2%

-3,800

..

-

«

26%

106% 106%
26
26%

/

U 25%/.

25;y8

,'*V!■*%'

14%

■

.

14
'

v

Jan

>

Aeronautical Co
Consolidated Petroleumj

I_

page




6%-. 6%.-,
6"
7%.:
.

4%

A Haynes common,
see

11%'

11%

Ryan

;

,

>

IP £ Feb ;

}

////$%
/'•

10V4 Nov

Jan!"/

-22V#. Jun /

-

Feb'

;/ 25

1%

Dec

3% Jan

14%

Dec

'iy 17% Sep

Oct

-//• 49% Jun

200

28%

450

;//

/

Apr>

• •

r

48 ' Jan
too;-/ 28 • Jan /- i/ 62 V* May
17% Nov/-/ 34% Jan
19%. 20%/ ,1,475 //
; 3% Dec./ ft'/ 6% July
' 3%
3% 1
w 500
;
11 y. Oct
' 26% May
.

27

800 /..

V4 Oct

.

.

'

.

Inc.*

16%

15%
119

-119

9%

/

j

V«'

'• j '

.-r't

■

t

.12% May
37 ./Jan •
29.,
Apr..
123

II6V4 Sep

20

'■

12%

13 Va

/

7,400

35%

Sep

7%

1,600

; 35%

100

...—

•

Nov

14 4

3,900

,

.

NOV

6%

29% Sep

400

y;

9%-

-

/

100

8%:
/ 33%

8%
33

common.
7# pfd^

13%

4%

26 %

17

:

•( 263/v July

OCt

9%

Sep

*

10% May

;

Jan

Dec

4%

.

,

8>9QQ.
800

'■r/,

63

Toledo Edison

/

7% preferred
Tonopah Mining of

/

6%

Trans Lux Corp—*

i >

Trunz

111

—

1%-

Nevada
i

4

1

150

59

Now

100

11%

Dec

Oct

3%

2%-// 3,100

!

111
iy8
■

;•// 4«/«

('

;

May

i
:

105%

•

"

Nov

112% May

109%

Dec

117

2,600

1%

600

3%

Oct

5%-

1
,

-

5%

.

34

Jan

May

5% Oct

14 %

Jan

'

10% Nov

17%

Jan

,

17%

Jun

-

1,300

10%

-

'

Feb

5% Feb

'9%

Dec

2%

Aug

;4% Feb

Sep 1

2,100

-

--

.

165

30

■/'!

3%'

10%

Feb

Oct

1

Inc

Feb

-

95

280

20

Tung-Sol Lamp Works
80c convertible preferred

May

14%

1%

Apr

700

Aug

6%

Oct

11%

Oct

44*% May
19% Jan
15

Dec
.

L'i
-5,. :. .Sep.

3% Dec

72

63%

2%

warrants

22% July /
7% Oct

;'/■ 6% Dec

400

100% 103

preferred

26

11%//

•

1%

Todd Shipyards Corp——

2,600

7

11%

U

9% May

4% Nov

5%. Oct

,,..4.00.

Brewing Co—
A Allied Stocks.
Trust Co Ltd
Amer dep rets ord regis
Amer dep rets def reg

Tivoll

,

11%

100

'6%

48

Jan !

-

13

-

July /

Oct
Oct

16

-800

••

■

Sep

17%

-•A

:

33

.

30% Aug
21

i) Dec
.

-22%

fy
15%- 17 % /'••

21

Construction

f

Feb

110% Mar

.'Oct

':"'V

Tishman Realty A

r

4ya May

"

"

Ryan

For footnotes

...

500

common

19%,
3%

31

:

13Va Nov

....

Tobacco Security

Jan

13% Nov

1,200

Co

Ftusseks Fifth Ave

.

A Light

Tri-Continental

21% Oct

26%
..1,100
15 -I:., 1,200
700

Rotary Electric Steel Co
Royalite Oil Co Ltd—.:
4-?

/

:

y-

■

32%*;/,.
34

3Q%;

./ 33

Tobacco

'

•/.

Dec
Apr

105
15 "
7:14

Worxs—a

Dec

2,900
/ /■ 275

34% Jan

A

:

1% Sep

20
400

Roosevelt Field Inc/

Ryerson

37%

Dec

"

7,300

'

!

>

//v.
/ ;

13,100

;j

Jun

?;/

.100

pfd F.

Ihc_

Inc

:]/ Tilo Roofing Inc:

Aug

Dec

2%

3%

1,800

i%/p%;~
30

.:

Thew Shovel Co common

29% Jan

r

Corp,; common—.j
Metal

Petroleum

r

Nov

..

%

%

.

Root

44/
60

•
,

8% Nov

30,000

%

■

dep rets for ord reg_
Cable

30
53.

1

.!

.•

13%

Feb
Feb

84

.25% Sep "."/'i

-

f.

■

■

Royce Ltd—

Ronson

55

•

4%

:

Dec

1/r 6%/

1

7

Valley Gas Co—'■ 77vtc.

Rochester Gas A Elec 4%
Rolls

.

12

>

(Texas Corp)
1

:-.10O.

18%|

37Vz, .38V4^/., 400

'%

Richmond Radiator—1

17%

18%"
;■

Texon Oil A Land Co
Textron

./'///'/x'ir-"+
*■ >,/;/.
V"- 23% 23% •
100.. . 721%
14%
/;/ 18%; £ 16%. 19
; . 1,600.
723%
30%
28% .32%'7.. 1,900

warrants

6%

Jan
Dec

*

35% July *"

'P

Dec

18 Z
X

4 ':1:
11%'12%;

Portland Cement,

Technicolor

5

Jan

24

;

>'/ 15

J;!!325-!
55

,

>/;-

94% July

•

30,500

7. 1%

;

'8% Jan 'v.'.-

5% Oct

-"23%

Jan/

Jan,;/
/•••'/:: 9%' Jan. {

V. 3% Sep

600

May'//;

'

,18%

12%

7 3/4

160

23%

9% Oct

400

pX.i.- 3%'.

Corp—-

Texas Power

5%

,4%

convertible preferred

Raytheon Manufacturing common—..50o

/

f

r-

'

/

Apr

/

18%
Voting common
__/__lo
Railway A Utility Investment A
1
Rath Packing Co common
ios /..28%,
$3

Products

Corp common
Tampa Electric Co common

—

■i!'

'

May

?

r

Oct

.

7V.May;/'

Nov

3,000

■"v23
- 2*"A
28.-/
27% .28

Taggart

option warrants.

Oct

,

V;34% Aug '

;

Jun

114

640 *
mya Sep
20 '7.158
Oct

20

161

11% Sep,;;

irV'-

IR//7
Railway A Light Securities

-

24

A CO common

Ray Drug Co_t

Superior

J

Radlo -Keith-Orpheum

Feb

3

'•/

.

27% Aug
/

''

n

tnmon««;—a—.
Quaker Oats common
6% preferred
10O
Quebec Power Co

'8%

8% Feb

,

Oct

2%

/v

Apr

45% Apr i"

Sep

24%

//

•

45%

'

-

Feb

3% Feb

'

3% Nov
19%,

<

;10

Jan

12
16

72% Oct

Superior Tool A Die C01
Swan Finch Oil Corp

:;X;

*

/

;/•/

Oct
28% Sep

'

,

17%

: -

Feb

13%

;

?;i% Nov
•

/

19% May r:.

;
».*•

Dec

700

•

Stop A Shop Inc
Stroock (8) A Co common-

20 V* May

Sep

<

400

10%

7%

/

(J B) Co common
(HugoV Corp

27

,9% Dec

6

7%

•

9,400 /

4%;/ 4 %

'

Sep

^

"/

•

" 3,3(00

29%

3'/*',*%r

/

.113%-May

103% Sep >
18
; Sep /;

.

225
10% " 11%./// 200
)%'11% ""** 20C
14

14

14*

5

common....._.i

110%^"

26%

'

Manufacturing

-

Stinnes

-I

'

10%

Sterling Engine Co.

1

.111% Feb

prior preferred
Puget Sound Pulp & Timber

:!l:

106% Jan

50

*

Feb

i

Brewers Inc

Sterling

10% Jan

Nov

91

3%

18% Apr

/

6%

,

(A)

Stetson
108% 108%

_ioo'

preferred—

p. Puget Sound Power & Light—

k// /'/'.i/i1.; f

;

/

Dec

/

10% /10% >//// 400

Sterling Inc.

Public Service of Colorado—
y6%, 1st preferred—*^^100
1st

j : Pyrene

\

Sterling Aluminum

Feb

3

Oct

8% Sep

|h

Co

„.

Oct

13%

700

17%

17

j v Providence Gas

j

Stein

773.7* Sep -7 7' 95 7" May
20% Jan
8% De"?
„

<U' ''*

31% Jan

165
Jun ;
/,: 7 Vi Nov ?

r

6

B.

class

■

Oct

29'A

140% July

750

28%'-

(The) Corp
7^
Steel Co of Canada
•

X. 700

10% cr

Starrett
£,***« •'

50

4

20%

;

/

Jan

:/•> 43
Mar //
Jl% awn //
i. -if
51
Feb ■•/
39% Oct
32% Feb /,
30% Apr < ■;

2,700

.35

'35

//," 3%

'

America4

Aug

-

y 60 v Apr t
^ 69 V

2%
:sep^_;3i%: Feb

.•7, -.1.

of Nevada

1M

:. j.

35% Sep
3Jx% .Sep

.

600
3,800 v

23%

20

'

;/: Preferred
Standard Products Co.
Standard Tube class B_.

15% May

/; July//

i':£■/,^

150 ~
46% :/, 4672 -47
ioo
1%'i
I l%w 11,100

Pratt A Lambert Co__

v

'•

common-

preferred

(Ky)

Oil

// Common

,

400

-

9
2%

2%

>y4

Forgings Corp.

Standard

Jan

Dec

15 y8

'

8

7%

.

>2<T

-•»

7%

,

Standard Power A Light.

Mining Co
.
11 Powdrell a Alexander common..

.

10

'

?

10%

4%

| 'p Polaris

'

<

,

:

27%

Sep /

'

7%

$1.60 convertible

Standard

41%

41%

Feb '

7V*
14lA

".

/'
31% Sep ;;

,

Co.

Dredging Corp

Standard
:

.

1,700
30

.

,

-i

-

Oct.'/
iV/'U0% Jan-it-:
; 39 /' Aug
/

5

" 600 .7

32%- 33%V
34% 34%

•

preferred..

;,// Convertible

,

78% Feb S
7/ 15% Feb 7

Nov

'?

Jan

15 Va

! Dec

6

/.

_

81%
: 31 % '31%/
' / *700 >
/-A../';./..30%-. 30%;-,
/'600y
.//.fc_ ///' 143 % 143 %; V: / */ 10 *:
6%
'6%
6%
' 300
7
7'A
200

Standard Cap A Seal common.'

/ Jan

47

Mar

50%

1,100

•

v

Stahl-Meyer Inc.
Standard Brewing Co

/sr 15% Feb
*-fM4% Jan

Feb

29% May

.

;

Corp

Spencer Shoe

shs

Jap

!;

•;/ 108

14%

Pipe Line-

Southland Royalty

37% May
30y* Jan

j£ Pleasant Valley Wine Co.
Pneumatic Scale

&

Feb

Pitney-Bowes Inc

Pitts Bess ALE RR__
Pittsburgh A Lake Erie
Pittsburgh Metallurgical

:;

Sep ?

V/

•

* 7

6

£

w-

11%

Nov-'

9%

'

-

6%

7%

8%

v

Edison-

preferred

5% original
>/

Apr

7%

7:102% Nov

.12% Nov. ,J 7
Nov V
/; 3%-/; 3,700;.; >/. 3 r Nov v ;

3

:

Southwest Pa Pipe Line
Southern California

f.

v.

>/32%

South Penn Oil common-

-

JunT

\

374Jan

4% Sep

,

\/4,000
1,200

15%
7% - 7%

3%'

20%

8

Am

•/,• 12

Sep

~

13%

13%

Co.

preferrd B
preferred series C
Southern New England Telephone
Southern Phosphate-Co new com

63%

15 %

Ltd

jf ; Piper Aircraft Corp

9%

.Nov

"

Jan
Dec

51%'Aug

4 Oct

37

-

common

Johnson

86 y»

^

Va Apr i

49

Nov

—

Corp common.

South Coast

12% May

r

»

7?A Dec

..

.

Pharis Tire & Rubber com

Pinchln

117 1

Oct

5y* Dec
.7.62.7,Oct

250

•;

Oct

6

230

—

Manufacturing common-

Boss

Jan
Jun

24% May

// 180

304

xyxx

Sonotone Corp

7? 7 21% Jan

3l/a

/ 13% Nov •/

:

13% Nov

Jan

-

43%ii._.

.

31

/

100

7

8%C''.

.

43%
43

43%

56

Dec

..

600
:5y». 5%'
.69
* -ivy 'A'- 550

7%«

7

Co.

.

64'A

Mfg Co.

NOV

6%-. Sep

..

Philadelphia Co common
Phillips Packing Co
Pierce

^£1

*

>31% May

12% July

2,900

7% 7

298

.100

.

Solar Manufacturing

May

43%
:28%

n

..'7

800

.

112% 112 lA

pfd.
.66%

,/ Pioneer Gold Mines

,

115% Aug

x

'

*

7%

m

Elec Co—
3.90% preferred.
Smith (Howard) Paper Mills.

L

July

K 600

3%.

3%
"7' sy».

Circle

dep rets ord regis—

Amer

J,169% Apr

,;
Sep
Sep
25% Jan

Sioux City Gas A

Jan

84

.,.

200

.10 %7

8%

warrants.

7 Penn Water & Power Co
7 Pep Boys (The)..,
Perfect

24

28%' 728% •% 7 150
8,200
5%
6

Penn Power & Light 4%%

?Z

v

39
.1

Singer

59% Aug

52% Nov

40

Manufacturing Co.
Singer Manufacturing Co Ltd-

16% Jan

-

•

Simmons-Boardman Publications—
$3 convertible preferred.
Simplicity Pattern common.

>

12% Jun I

.115
•108

y

Jan /

20

600, /. ,l4y«-Nov

.

' *51%"

51

Penn Gas A Elec class A com

* Pepperell

'

.13% Mar

Sep

OCt.

*

Oct

Feb /
Jan

5%

;

...

i6%";::: *400

15%,

"

'

Jan

'i 14

Dec

S

15%;!
*

31% Jun 4:

v

10% Jan /
Oct /V
»/:,
24 »• Dec-;/
^19
Sep A/
9% Dec / ■/. 19% Jun

.

Silex Co common—

> <

11%

iv'-.

Dec

Sep't-'V

;.

,

;,k 3%

_

_

,

4

Ltd

Solar Aircraft Co.

7 Penn Traffic Co___^___

>,

H''',,

37...

Breweries

Sick's

28% July

?

Nov

1,8%

300 A;>v

i.

59% ,59%>

Pennroad Corp common.
;>

S

15%' 16

preferred....

cum

.

36%: 38

Peninsular Telephone common
$1

Jan

,3

24,100
32,400

w7

uf'. .*•

Co_—______

Parkersburg Rig & Reel
Patchogue Plymouth Mills.

k

12%

11%

Pantepec Oil of Venezuela Am shs

/

3%%;

I

;

preferred
Sherwin-Williams of Canada.

"

-

.100:

16% May

Jan

27

.25

common

4%

:. *

-11%. Jan.

Service...

American

•

:7 41% Feb /
102V4 Julyl%\ 109
May ;
.108 -f Nov
;il7% Apr :/
35%. Dec

yy' $1.30 1st preferred
XX Page-Hersey Tubes common
Pan

,

Feb

35%

,

Nov

1%

200

_

.

1

Sherwin-Williams

19%, Jun '
46y8 July

.

,>,'i::29.-r. .Jan •
Dec...7.

3%

v-

4%
4%j.
600,
;
23% ; 24
.1,500
10 ///// 10
7 10%, / .400
142%,
142 ,143
t
,_5Q0
4%

k

Power.

Sheller Mfg Co_

.10%. Nov,,

5

)

111% May ;

•

1% *'■

5

A

'

July
7V» Feb /

30

Sep;

..^,2oo;.ii .10%

,13%^;/.
4
;

3%

.

class B.

Water

Shawinigan

-*-3<

Jan

7

;

104% May, :."

.200

9%

common-

Shattuck Denn Mining

'-.y./•/'*,^',*7/)
fVf'%

7'i

•

,

30May

.

14% Sep
82 .'..Oct.;.A.

Seton Leather common

P'

9% Jan

.

.,.,55% Sep

4,500
1,650

^

Nov

21

50

Jan
May ;

..

22"'

>

-

85%

Control..

Safety

Serrick

,

•

18

11%

Sentinel Radio Corp

.47

'

,,';i{84%:/

84

Semler (R B) Inc

*

46 Va Aug /
9% Jan :

f

,c ;

3% Nov

Allotment

Apr

.

3%

•

16%

prior stock
certificates

$5.50

:

Dec

12

2%

common.

/

:16% Jan *

8% Oct
12% Jan

1,900

-

40 •
Dec. 7
/ 18% May 7

Dec

,

Jan

118

„

49,000

23,,A

23

SVi July,»

v

100

4

.

;10% Jan;-/

■

29% Sep
11% Dec

-

,

Dec *

15% May !

.12% Jun

•

>

..300

<

Dec

38

;

,

T

1,700

...

'20%
: 4%.

%

3%

9,700

_

;.i

4

4

Selby Shoe Co
Selected Industries Inc
Convertible stock

41% Jun

;
.

778% Dec

"50

12%.
11%

12%

36

moo

~ v-i2%-*ia%

—

;

Nov

..

Feb

6

Dec

113,;.. Dec

200
*

-37ya;"

36%

va ■;

Distillery

Oliver united Filters B
Omar Inc—

-

"•*

.

._

30

150

32V4

113% 7"

113'

113%

Oklahoma Natural Gas new torn

v

1,300

2%

:31%.

32%.

class B.common
preferred.

4%%

Power

Ohio

2 %

common

Ohio Brass Co

■■

2%

36

11%' "11%

common

General

A Hardware

Segal Lock

;

I'V

200

:

5% '• 6%«
35

Seeman Bros Inc.

O

-32

32

common

(D A) Inc common
Manufacturing.

Securities Corp

5:/ Oct;'-

1% Nov

..4.600

Scovill

"

>

i .7

,3Nov

2V4*-v—1,709.

—

9%
"

f Oc t.

.8%'Oct

4,7.00

Brick Co_

Sayre & Fisher

21

j

12,600

4%

commpiL,-1

United Corp

Sculiin

Corp./—--—J,--.

Novadel-Agene

'[/?". 1
Sep !

5%

+

4,800,

•

7% 4,-.

1

Salt Dome Oil CO—

69% Jun
73% May
15% Apr

'

4

37%4,625,

conv

Regis Paper common

St.

"7 Apr

111

Sep

"

*.'

Class A $2

Samson

26%. Oct

,

■

108% July

; ,44%.Sep

"/ /

*

'10,800

9% *■'

Oorp Ltd
pref_

Lawrence

St.

Oct
21% Jen
13%

Dec

.

■

Dec

6%

3,700

7%

8hares- £'*v*_ '//Range for Year 1916
"-yv-'-ryX), ;
Lowy"-f':^;,'XHigh >:

;

High

May

-

8

s

for Week

of Prices

Low

3%

400 ;
'200

,

:

6%/

-

,

Z57%

——I

Northrop, Aircraft Inc

34

63

Nov

100;' Nov

,-j.*—20
A—.1—25

Natural Gas**^-.
Northern States Power class

Low

33%

1

600

39^/4

•39

r.'
6%,

5% pfd.100

Northern Indiana Pub Serv

Northern

400

*tZ'

Sales

Range

Last

High

•

-3%

■

40%

i

Week's

Friday

Exchange

York. Curb

Range for Year 1946

*

;
'

39
.

x

——8
1
—^-50

Central Texas Oil-

;

•

39

'

Securities.—*

Utility

American

Northern

North

39
;

'

New

-

f

Sale Price

Highv

Low

Par

class A

North American Rayon

,A

for Week

of Prices

"I

Sales

Last

STOCKS

$ •%'

/"—'?"7"
yy
STOCKS
*

i)1,.,"1;'. it

.

♦</

<

10%

Apr

Sep

Feb

Union Gas

8% Jun
9y» Feb

Union

T^rds of Omaha—.

.100 i

9%

9 Va

9y8
9 Va¬

.

9%.

.1,400

.

10Va

1,800

3%

3%;

3%;

of Caaada.
Investment Co.

Unlon Stock

11%'

il %

Udylite Corp.
Dlen Realization Corp..
unexcelled Chemicals Corp:.

9% 1

.

2

Z

1,000

400

..

8%
-

,

;.

Oct

Oct

7 V8 ..Nov:.

5%

5% Jan

,.

19% July

Nov

Oct'

>55% Nov

.11% July
,

8%

Feb

63%. Apr

'237.V*
h

&..1T

•

1,'

' h'.l*HW*4XLM

"

.

'/"X

'

;\f! ft'"'

'

%

Jl

''

*

*■

■PAVLiTOfma tAmtAm*.*\tJT..-vcr>,><■

1

.

b-rt

'

'

M

';!,Volwme
i

165

Number 4559

THE COMMERCIAL ^FINANCIAL CHRONICLE

f-

V},X:£;*■

v»h.•

STOCKS,
New York Curb Exchange
'

>

.

■'.<*

,

■

/'

t

v >

United

Aircraft

;'■\<

:

Products

United Chemicals

•;

'

common.*—.

'!

7

6%

BONDS

Shares

_

-

-

16%- 17

.

._7

26%

•>■

;

100

:

rrrX"*'10

100

F6b

A6%S series C

60;' May

Oct

Jan

95

105

-

a 7s

,

(Dec 1

A 7s

Dec

■

(Aug

series

A7s

-

United Molasses
Amer

r

Co* Ltd—

United NJ RR St Canal
United Profit Sharing

lV''-J.

_

100

-

10% preferred——
United

Shoe

United

1:;.

U S Foil Co class B

-

^-1

U S Graphite common

US

and

$5
U S

Securities

Radiator

;

21% '

:•

•

preferred with warrants
common

...1

.

f

LZ

■

250

-

-

8

:

Y

12%

16%

V-15
V 86

15%—;, 3,500
'

1941

17%

F—

;•

Oct

3

Nov

United Stores.common

<—.—5002 "V: 3.

Universal Consolidated

-

-Universal
v

•

O0—,

Insurances

Universal

—.10 'f

*-~V

10

25

common

Utah-Idaho Sugar
;
Utah Power St Light common-

>

5

.V'

r

-

—•

---800

--

f 22

:

-I-0^>
25;

4%^,
22.

Power

j-j

25%

?Oo

4%
21%' 2214

j

..

>

common

j-j

-1969

J-J

-1970

J-J

.2022

Gas

to..

Light

j

A

.

Amsterdam

Gas

5s

? ?

.....r-

11%

117

•

2,300

:

1

■

'•

Apr

.53/4

5%

6

;

.

3,300

'3

X2%

>.

Vogt Manufacturing—

12%

2,400 :,i

12%

100

2%

Jan

'.

f..

Jan

4% May

>r'£!"

w

24

Apr

y

•

3%

Wagner Baking voting trust ctfs ext—•"
7 % preferred.—
100»
Waitt

Si Bond Inc

Waltham

Watch

(new)—

12%

v,, / j,

"3%

Ward

1

>:

-

—

2%

8%
■—

West Virginia Coal St Coke
5
Western Maryland Ry 7% 1st pfd—100
Western Tablet Jk Stationery com
•

>

Westmoreland

Coal—

—

Williams

(R C)

10
-•

...f:

Willson

Products

—1

preferred ww
Winnipeg Elec common

Industries

100 j

Woodley

10

(F W)

tmml

>-,-•)

V-*

,g-..

>

«_

«v

40%

v

""

Feb

"

i

5s %

6%

£1

14

> 32%

Sep
Oct

13

275

Dec

fc

17

Spalding (A G)

\

:

29

-

l

AStarrett

Jun

-

Stinnes

,

mm

■

f

.

3%

800

10

■800I-

.1961;

\yrltlng Paper 6s

Elec Power 3%s—— .1970

J-D

or

United

Appalachian Power deb 6s

.2024

4%s

.1953

J-J

5%s A—

.1955

no;

M-S

Assoc

Electric

T & T deb

^

Atlantic

Utah

City Electric 3 Vis

1

.1964

Telephone of Canada—

17% Mar
7'
■

>

Bonis

1st M 5s
6s

Power &

;

Bethlehem Steel 6s___.
Blckford's

1998

Inc 6Vis

103

Boston Edison 2%s

.1970

104% ii

'

#v

•V'-'-i1 —£■' X

J-D

.1948

J-J

/

.1954

Jan 1966

Oonv deb 5s

:

.1950

Af-s
F-A

Debenture 5s—

.1958

.1969

A-O

Consol Gas El Lt & Pwr

1st

ref mtge 3s

1st- ref

Consolidated Gas
Gen

V

ser

A

1st

ser

B

mtge 4s

Eastern
Elratra

&

Fuel

Water Lt

Finland
5s

Gas

&

Residential

Trunk

West

RR

6s

series

Indiana
:

Af-S
Af-S

"

110

115

108%

121

-

489

r>'

4

;

67

K:

67

A20-year

-

k.

A.

:

103%
101%

*Ist lien St ref 5s—^

Indianapolis PAL 3%s




107'

48

30%.

48

A-O

92 y2

2

•

J-J

104% 104%

4

J-D

106

6

106

"104% ,107 %
106

v

110;

-

^

;; 4io3ya 104%

-

103 ;

>106 %

—

1952

—

1043/a 104%

104%

109%

111% 111%

111

116

Light Co— •'

Hotel—

111%'

M-N

—.2022

,i

,

5s

'

'

"

1954

68%

71%

1964

J-D
A-O

105% 105%

1960

——

:1.: $115 y2

J-D

-

> '

v

58%

91%

107%

110%

106

109

>.$109% 110%

2030/

:.

i

■

115..

126

100%

106%

,

F-A

1959

102% 102%

/

103%

Interest

105

106-

■

102%

104'A 1053/4

2

62

>$273/4

29'/a*

-

104

r$__

'

—'

'

23
—

^

6

A Lima

J-J

•

1

130,

Bend*

Bid & Asked

108%

Interest

••

A7s

A7s

Range for

Sold

Year 1946

:

F-A

81

24

to 2%s

49%

y4

124

130

75

$17;

xjz

,;r;:

Ji'-

,

;■?

;>•

85

-

>*

91

993A

»

97%

•-

;

17

32

23%

XxXXXx. >'13 y

■

Y

1947

.

52
mm

$21%
95%

V 95%

■

; X..Z

30%

$52

xx ' ' ■

'■•V

1931
1972
,

:.V-

■■■XX

52:'/'

K

.'

r

6

•.-.'.A

xXjiX

t'.'

V

—»

'

36
52

50%;
-

?

V

53

20 Va

-

;; Y

95%

•

50%

>?;■?• Xs\
Y

V" •'

30%

)

27%

90

99%

37%

41

,31%

44

5

j

2%s

$~

2008

Government

1919

>

y

-

6%s

$31

33

>

'

V';.

3'

2012

1

43

v

*:

1921

*

Y''-

••

45/a

'

4%

4%

54

4

14%

4i/2

—

4%

43/4

35

4

14

92

.A5%S

:

-

...

1948

J-D
J-J

1963

$75

78

'

'

$62%

'

•
•

-

60%/ 62%
1033/4

J-D

104% 1043/4
106 % 106 y2

J-J

$65%

,65.

104%,

109%

g

•No

70

value,

a

Deferred

75.

ABonds being traded flat.
Jan 1949

A-0

$107%

A-O

$1033/4

1950

J-J

1970

110

106%

.

102% 102%

F-A

104

104

M-N

108

107% 108

104

y4
-

2

11

7

102% 104
104

•

■

•'

j

105% 108%

e Odd-lot

sale,

f Ex-distribution,
*

■■X VV-. .7

~
-

Abbreviations used above—"cod," certificates of deposit;

_

105%

d Ex-Interest;

rCash sale, x Ex-dlvidend. yEx-righta..
sales being transacted during current w—*

{Reported In receivership..w

"

"
,

—.^—1963

105%
105

*

__

sale,

delivery

$ Friday's bid and asked prices; no

,
.

par

Ex-stock dividend.- -n Under-the-rule sale.

1043/4 106

live; "conv," convertible;. •WV mortgage;

>■

•'

"

7

numula

»ntn

"n-*/* tiOh-voting stock; ''v t c," voting trust certificate*:::

"wi," when issued; "ww," with warrants: "xw," without

"V'1"

"cons," eonsoUdated

~'M

warrant*.
•

'

"

\

31%

21

i

!

■

„

~:u.

is

83%

"":88%

3

-

30

30%

•

'
1947

Rio de Janeiro stamped (Rlan A)
Interest reduced to 2%
ARussian

•

>Z:': $30

2008

1

1073/4

98

$12%

1951

1927)
(issue of Oct. 1927)

to

■

~

91%

76%

2

High

;

(issue of May

Interest reduced

XXX

,/ .1 •'

XiZf 'XrX'- X-.-X

(Plan A)

reduced

>

■;>

f

Low

76%

'■■

23

> 90

90

1952
6%s stamped 1958

(Peru)

--

$91%

;

;

'

n

$21%
'

■/>;:■■

NoXX

High X

$76%

XXXXrXX

M-N

1953

AMortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s
Parana stamped (Plan A)

126

55%

City

"Low

■■■■J-

1955

AMedellin 7s stamped
Mortgage Bank of Bogota—

,

102%

Vr

77.

'

105%

^

A-O

—1948

Maranhao stamped

103% 106%

>>61

,■■■

5s

-

104%

110

117

7s

(Col)—
April 1946
Jan 1947

Danzig Port & Waterways— -v
,l!
AExternal 6%s stamped _i

109%

121

Last

-

Sale Price

;•

•>

107%

37

: 6

Week's Rang*
or Friday's

Friday

York- Curb ! Exchange

Valley 7s

Extended

107V4

1

Jan 1949
5sz

106%

78

102

91%

*

1958

3%s_

99

> > 101-

''

73 v

51

>

108% 108%;

105%;.

M-S

1950

ser

108%

,109

!

:

-1949

Danish 5%s

112

104s/a 104% :

>•

—

'>V

107%

108

,;j
,'

J-J

(see Mortgage Bank of)-

Bogota

I. ACaxtca

110%
•

50

47

102% 102%
105% 1053/s

,

103%

108

..

—1968

—

—

103

103

T

103% 103 7/8

/>:. IX:

108%

105

32

1946

——

Agricultural Mortgage Bank
A 20-year 7s

'

-

8

843/4
64

10314

"

J-J

1956

4s

Power

B

Service

A--

$119

Mtge Bank—

ser

165

\

1965

5s_.

Guantanamo St Western 6s

Hygrade Food 8s

165

V

" ;

1993

3%s

AGeneral Rayon-Co 6s
Mountain

*

t

85

104 , f 104

A-O

X-

1013A

105%

iro

,

1961

Grand

-

—;

1993

:

stamped

Green

•

..

.v-y:"'-

126

98

993/e 99 3^
107% 107%,

A-O

>y:j't

Division—

1st mtge 4s
•

1981
1954

N J

: 82%
573A

4

(Bait City)—

Western RR—

Lackawanna of

J-J

107%

120

-

V:,;108

M-A

110%

1

105%

J-D

1976

mtge 4%s—

Delaware Lack St

"'

106

9

;

1969

Q

ser

4..

!

103

,

125

'

1946

BONDS

(Bait)—

P

ser

2%s

ref 2%s series R_

1st

-

mtge

•

4102 %/

A-O

Debenture 5s

X 82%

■' '

v''

$120

Foreign Governments & Municipalities

108

111%

-

,110

61 ■:.
y.

104

155,:. 172%

104%

.

;>:VvC 82%
-

"1593/4,. i

^ 107 107'A
hMioXz/XX

J-J I

1950

Penn Traction 5s

111%

105

105% 105%

82%

M-S
Af-S

!

110

:

'XX** >/ K-

lAChlcago Rys 5s ctfs (part paid)..1927
Cities Service 5si.

180

105%

f

'

101%

102% 106%

106% 106%
$114% 115%

'''--'mm

■

J A Central States Electric 5s

105 y4,108

-

.

.$106;.) 107

F-A

1989

Penn Electric

124

99%

$165

A-O

159

:

104%

118

,

108% 108 y4

Q-F

.1962

107% 107y«

: U02%

i;>:

*

\

105% 105

High

100%

108%

108%

Af-N

107

A-O

■

1971,

,/>A Sis income debs/—
;—
Wash Water Power 3 %s—...—

<6% Feb

Low

102 % 103

J-D

.1960

—

103%

'

;il593/4

•

Period
.1957

;

109

--

1970

Railways (Maine)

Waldorf-Astoria

1-Feb

>'

B„

series

series C_

iOB%

Year 1946

-

No.

_.;V-v

103%

■■

10a

107y4

Range for

Sold

High

$119% 120%

MS

91

105%

■''X

.

Debenture 6s series A

New

Bell

106%

,'76 >v

1073/4.

>

..

(Calif)—

6s series A——.—.

Apr

Feb <

2% Oct

vi

1023/4
*•

-

A-O

Light & Power Co—

United Light &

Jan

16

109 s/8 110

A-O

Associated

Af-S

,1st lien & cons 5y»s

Apr
Jun

17%

411% Oct

Friday's

uoiy4

:y

J-J

109 y4

102

--$107

J-J

1970

United Electric N J 4s

May

11%

Sep

Bid * Aakod

Low

Appalachian

104%

•

:'

Week's Range

v.":

Sale Price

Amef

107%
■

_

47^
109%

Jun

112

Dec

:t;V.'8% Nov.. J

.

' 7,700

Friday
v.'-'i: Last

/

f8%
106..

$107

,

M-S

Western Newspaper Union—
6s conv s f debentures

BONDS
York Curb Exchange

..t.

A-O

Corp inc 5s

West

,

103%

(Hugo) Corp—

West

New

105%
107%

109

103% 103%
V : t76y4 91:, i"

J-D

1965

Toledo Edison 3%s._"

Apr
Jun

3F
20

Dec

>5%

COO

;

33
15-

:

9% Sep

7

213

•'

105

105%

-■

/

?■;

,tA7-4s 2nd stamped

-,

J. 38Jun

Dec-,.-

Sep

t'i > 106

ioo

,14/"* 'ivX.7.,1

3

J-J

1951

7-4s 3d stamped
Stinnea (Hugo) Industries—

Jan

,

v.

—

Af-S

5s

108%

101%
101%

$105

v

^

•;"f.

FtA

3s

A

Jan

<55 ;

,,

Dec

73/4
19-»;

,

;

• r

:

f'

Mar

24

c,16% Nov

..

600

,

..

13%

14%

A-O

1952

_

101%

':'49%; 10% >

'
,

97%

100%

$102%

—

Apr

v

49

*

'

1013/4
101%

105 %

•

105% 105%.,

'

—

105%

97

97

103% 104

iV-.108%

3y48

Gas

Counties Gas

1033/4
,

r t
.

3s—...

78

108%

!

r

•

.

1st mtge 3s
Southwestern Gas & Eleo 3 Vis

■'

"X 24% Feb

1,300

'•'

|,

•

California

Southern

16% Apr
155

Nov

300,;-

6% > 6%';>
13%
10% 103/4

'

;

55

.

.

.

,

1964

California Edison

Southern

K

X'i

3

Nov

350.;

—

...

; 14:..

10 %

American

deposit receipts
preference—
Wright Hargreaves Ltd

,

26 Va

300

•

f Sep

.

-1949

Steel inc mtge

Southern

•

j ;

>

.

16

20%./

'21^

i

|

1

Ltd—

i

18

1,100

,

4%s B.

6% perpetual certificates

Scullin

7
May
11% July
.115
Apr

•

Dec

» 4 28

150

:

,

»

———2

Petroleum

Woolworth

J

•

Inc

27.

21
"

50

175;.:,,;

173/4.-

83/4

•

;

Wisconsin P St L 4%% pfd—
Portland Cement

8% Nov

%f.

8%

y

25

Wolverine
Whodall

33%..4,:

1.8% "19%

;

f-

1

common

5%

■

31%
'•

j,•f^y'''■■$

Inc.

Brothers

31%

16%
26% :;<":-24-v
16
13%.
1.8%
**'"
>
mm-'

;/.v

31%

(Can)

/, San Joaquin Lt & Pwr 6s B

9% Jun

-'.v..

Dec

114

>-vV

-

Wilson

1,500

'

'

1

& Co

Sep

111%

■'~X-

.9%

31%

:

1

Whitman (Wm) & Co
Wichita River Oil Corp

-py

Oct

7

...

a-o

Queens Borough Gas St Electric—
5%s series A
;
1952

7

24 Va May

.

-

31%

>

10

—

Oct

2

•>''

.103%

,

Corp

104

102

$107 y8
:
1-101 ®/8 102%

i

j-j:

1970 :
..1959

107

102%

100%

+

J-J

St

Public Service of New Jersey—

/;

Feb

114% Aug

"

-

20

——

Westmoreland Inc

■

-

80°

Power

111 Va

,

100%

102

Af-N

,

ii5y4

10554

100 y4

.

;

1971

Public Service Co of Colorado—

19% Jun

v
;

4% Sep ■/

;

100

.

9%

.,

Dec

:

8

5,650

2%.—

Dec

IV.''XX

2,000

'•

■ mm

;>v

?'/a

—

:

>8% ^•8%-v-;
**>•■

Weyenberg Shoe Mfg

s

•

1.25

9%' 10%
7%
7V4

.

>7%

Wentworth Manufacturing
West Texas Utilities $6 preferred

v"i' 108

2,300

;
.

100

100%'>100

A-O

;_1968

.1st mtge 3%s

,11% Oct

300
-

1 %

Baking Co warrants—..
Warner Aircraft Corp

.

"3%:
9%

3%sJ;

Sinking fund deb 4s

3%

•

1"

Co

100

:/3%;v
12% ^3%::. I

M-N

'

stip

33/a

Jf-N

3%s_._.__ .1964

112

103 y4

100

.1954

———1

Power
;•

„

Aircraft Co

55%

105%

•109

;

'..t/ 103% 103%
100%

.1948

'

iv;.vv. A

Waco

J-D

.1961

i

1st mtge
3s_

3%s

,

1,;:

1

.

:
'

Light 5s—
1955
;Park Lexington 1st mtge 3s__
1964
• Pennsylvania Water & Power
3V4s.l964 '

-M
,

27

104%

573/a '

103

?

'

"Pacific

Jan

12]4

Oct

11% Sep

I:

'■

5y2s

57

M-S

.1950

Elec & Gas

1st mtge

;

.

2%.

12

$102% 103%

103%

4

13%
145

Sep
5% Sep

60

101%

{"

J-J

-

.

■

98

30

85J/a

'106% 106'/a

A-O

;,N Y & Westchester Ltg 4s_.
-—J .2004
North Continental Utility
Corp—
A5y2s series A (90%. redeemed). 1948

■

.> 8% Sep

.

63

'98% KKJVa

2

__

$111% 1153/4
110
110%.

.

,s

;

Af-S

.

.1948

5s_—

Debenture

-

f'y-

j:

30

1

'

Venezuela Syndicate Inc.

'•

deb

-Ohio Power

10%

L17

25ys

Gonv

*

..

—

.1948

.NY State

-

t

.

37%

:

60,,

.

32

49
-

65

'29 /■,

3

;

88

35

106%

.1947

.

1"/

A.

-

Sep

363/4

59%

32

19 0
'4'"

»

40'

$107%

.-

F-A

.1967

:; New England Power 3 y4 s_._—
New England Power Assn 5s

34% Aug
7% Jan

l-

•'

100%'101%

37%

M-S

.1963

4%s

Eng Gas St El Assn 5s

,

Feb

•

65

28y4

■.

1

'

—1958

New

■

10%

-$4 convertible- preferred—
Venezuelan Petroleum

19%

-

--

'

Sep

37%.

.....

-

87%

J-D

New

Apr

28

Oct

•-

4%

r

-ly-700

— -

V
X:

20

5,100

~

.;
■

27

Feb
Sep

.

20

-

101%'

-1963

>

'7% Jan

»-

; w

34%

••"•137

7J

—1952
Ji,

37

'

•34%

—1957

i

Extended at 4%

•

Dec

High

29

1

34%

..1952

5s___

Superpower 6s

Milwaukee

'

4%

.

>

Valsper Corp

2%

„v-'

.10-

—

Products Co

Y<r 2 Y 3

Rangcfor
Year 1946
Low

NO.,J

34%

.

Sj

..1952

5s
-

33

-1968

Feb

-7% Jan
100 •' Aug
20% May
8% May

Oct^

37

1957

coupon)

McCord Corp deb 4y2s
Midland Valley RR—

Jun

Mar

y 11%

300"

Apr

30%

2% Sep--

•

50

24%

Oct

High

'37

KA

1957

Kansas Power St Light 3yas_._
Kentucky Utilities 4s

Apr

'

2,600

Sold

Low

J-D

Electric Power 3%s...
Kansas Gas Electric 6s

49% July

.10% Oct

Bonds

Bid A A«ke#

;

1955

—

Kansas

Jan

84%

Sep

87

3%

Feb

Sep
Dec

1514
'loo
3%---1,600

:

-

A Italian

Jan

46
••

Week's Range
or Friday's

Last

Sale Price

Aug

4%

67%

530
500

23%

9%
294

Jan

<

1% Nov

1,175

13

87
i 14%

i

8% Jan
284

1,400

10%

-

15%

mZX.

3

i
-

+J;.
20

..

-

46y2

21%

3

* •+.

US Rubber Reclaiming

:

i27/e

-»i

71

4614
12%

^-5V';,15'%1^ 15%

International

1st

:•

,

X

•

2

-70

70

25

common—:

290

1%
10%

25

common

:

.

Specialties

290

i%

<

10

Machinery

Preferred

290

25c

•'.»'

-,•

,

coup)

...

Debenture 6s

'

dep rets ord regis

1941

(July 1941 coupon).,

Interstate

•"

1959

—

JA7s .series E—

.

,

A6%s

v

Dec

Mar

95

Interest

Jlnternatlonal Power Sec—

21% Apr
37% May

47 '-

s

*

i

Friday

Exchange

'i

214 Jan

13% Sep
20%

Curb

Period

; Oct
34% May

Sep

32

850

-

^1,400

v

26%-27 %'•?', 7,200

.

100

U

York

;

8

23l4 Nov

7,200

,

10-.

v'

-

,% ~-w%.; .15,-"
^
413/4 42Va "

*

High

<

;; '5% Nov

4,800

-

:

New

Range for Year 1946
Low '

v

-7%

_—*♦••'

,

<

.

:K

50c

United Gas Corp
Ufaited Light St Railways
fciu
United Milk Products$3 participating' preferred-:

,

Balea

for Week

''■:'Par'^-,:],;;r.'u'y\;:LoiD^High^:

com

United Corp warrants.

.: '

"Range '

of Prices

United Elastic Corp.*-—

■

Week's

-

Last

Sale Price

.>

■

•.

Friday

■-

THE COMMERCIAL & FINANCIAL CHRONICLE

238

Monday, January 13, 1947

OTHER STOCK EXCHANCES
FOR WEEK ENDING JANUARY 10

RANGE

^

V

Friday

Baltimore Stock Exchange
Week's

STOCKS
Lart

Range

r

Corporation

Arundel
•

Preferred

-

Consol

vtg

41

.■

160

Deposit Co
Guarantee Fire Corp
America class A
Guilford Realty Co comtnoti

40

Fidelity «

'

;

-

40

I Nov

38

'

Feb,

160

7'

31'A May-:;
13% May
7, 55% May .,

I'm $ep.

20'

11

18

15

: > r.
?

40.!'
18

"

"

i
*

16%

Jan

188

$«P

Brach

/!,

com

44

44

44

18

Week's

58

May

54

Apr

42%

45

Mar

American

39%
■41%

—

American

ft,/Tel—————10U
173%
American Woolen
-*/// 30'A
Anaconda Copper
——.-50 .>,/ —

Jan

Prior

lien

•

;*?'*'

•

V, •'

-

A. Son Inc

•

39%

i:)///:

:•

pfd_.T—100

Bigelow-Sanford: Carpet
Bird

•

—

<16%

Boston

37%

194

—

>

2^647

A

High

Nov

52%

49

•-

50%

15

Boston

77
>/'//

Traveler Corp——"
RR— / 7/' y

Maine

Si

—loo
ri 5% class A 1st preferred———100
Stamped
100

37

prior preferred——

1%

class B

7%

Class C lfit pfd stampede——100

Boston- Personal
Calumet ft Heola
Cities Service

Associates—;

—

65%

16%
7%

'

.

JUn

153

Apr
55
July
86% May

'

45

'445

7%" •77..

Dec;
Nov

20%

Jan
Jan

Nov

21

Jan

;

%7
Nov >;
6%L pec

—7/

70c

97 -A

250

93

67/ ^

132

53

4%

5
? ■/
306
99% ; '//765 :.

124%

35 Vz

37

A/7-7

•
1

,

Electric
—————m '■$
Gillette Safety Raror Co
i

Hathaway Baking

common—1--.—-—1

*

July

4%

27

$

Feb

,

Kennecott

i-slL—

Loew's Boston Theatres

Maine Central RR

preferred

5%

common———100
100

Alkali Works

Mathieson

.

J

^

—

/

:

31%

1

Assn Inc

Marragansett RaCg
Nksh-Kelvinator

1

—1

National Service Cos

.

:

22%

:

6%
30

40

32,

52y4

-L

17%

l/

45c

15%

45c

24%

153*

Fits

Simons
Co

■;

v-A V-V

Oct

;

-

120

Corp class- A
Util Corp

A Connell

"'■ '**.-■

■

Sep

47

England

5%%
North

Butte

Tel

49

25

U

46

/

Dec
Jan

42%

.

11

Deo
Oct

.a'.

♦

B

Sep

./

60%

k Jim

Dec

22%

Parts—

Motor

: /v.: 14%
56%

9%

*

Sep

Mining

Northern RR

j/'V'"
Inc common

Stores

Material

Line

123

123

1

—*

,

vto

—

t

.

Quincy

30%

29%

31%

50
25

RR

Mining

Co

American Car

Mar

Northwest

Aug

Northwest Util 1%

Feb

Dec

143

16

25%

25%

26

3%

:

29%

Oct

24%

Oct'

47% Apr
47% Feb

1,811

3%

150

•; "i2% Sep

Bancorp

Fleece

Corp

,i—*
10

Stone

———

Assft

13%

*

Folding Machine

Shawmut

14%

„

Webs^fcr Inc

&

Stop & Shop Inc—

——- —

•
1

1%

15%

':7

13%
1%

200

■13

150

■

"-1*

14% '

80

y

6%

210'

15%

16

15 Vi

15%

35%

35%

44%

45%

28%

28% "■

46%

49%

Dec

Apr

Mfg

Bpaboclv

Jan

4

Coal Co

233/4
f 16%

Apr

■'•••

.'■ 87

34

210

37

May
Oct,

Sep

Union

United-Carr
United

—

i

Fastener

Fruit

Drug

—*

5
25

Inc

Shoe Machinery

*
5

44%

•

i

Oo

Unlted-Rexall

United

'

—

Drill

Twist

common

U S

Rubber

Smelting Ref & Min com

50

10%

70

S

71

5lVa

53% <

46%

46 Va

49%

Warren

Westinghouse Electric Corp

9%

161

17%

17 V4

Switch class A

61%

61%

61%

24%

24%

26 / : '

•

(The)

(The)

-

-.v

'

v

Schwitzer

'

•"•V.-

(/■{•

23%

of Prices

66

39%

Low

AdmirafjQprp comqpon.

9%

Advan<wfflum Casting?

....

Armour

A

Co

common

pfd—]

100
—,100

:

ft

—

Jan

8'Hhoard

On

Automatic Washer

^

For

common

I

*

S3 8

y

—3

footnoted see page 248c
"

19%

120
—

13%

01

Corp

1




±5

119

125

172% 172%

=K

13%

Range for Year 1946
87/6, pes,

20%

33

600

30%

5%

20%

Feb

Deo

8% Sep
Sep

17

90

110

29

200

20

21%

1,600

15

3,700

15%

17%

183/s
623/a

500

27V4

24%

/

Jad

Sep

14% Feb

Corp

A

5,800

1,200

2% Oct

11%

11%

550

4%

4%

4%

550

9% NOV
3% Dec

6%

6%

300

6% Nov

10%

Sep

19

Dec

103

May

37

May

21%

22

Dec

32

Feb

Oct

184

May

30

19

Sep

^

rr—

73/4

8%

*

29%

Jun

9
23

.150

20

1,500

40%

44 /A

,

A 53/4
'

20

29

A

May
May

16

May

bet

36

170

Sep,

25

Nov

(The)

20% Jim
8% Jan
14% Feb

9%

50

33%

Jan

Sep

24%

Jan

49 %

Apr

11

.

9 ^;

850

35% Deo
8
-Sep

28%

900

24

12

12Vs

400

10 7 Oct

16

16%

800

15

8

100

7% Dec
25% Sep

800

8

8

15

15

15

A 600

31%

34

170

31

31

/1

50.

3

-

Feb

A Sep

8%

/

Feb

'

25

27%

.

:

Oct

12%
20 V4

Oct

/

Jan

11% Aug
69% Aug
39% Apr
45
Jan

.

Nov

30

Jan

20%

Oot

14 V»

Jan

A 37%, July

.

10

4

: 4

:

stock—

common

2
com—"
•

—t

4

A

:

/■*■; 3% Nov

500

41%

'

413/i

300

37 V»

i83^

600

14

Oct

32%

50

27

Oct

v

'>*<

22

35%

303%

26%

27%

51'

51%

72%

72%

25%

—

21

253/4

"

—
..

-: 27%
/
/

„

,

200

—

800

;

®e^

41

900

21

Sep

40

250

%.

31

47% Oot
65%

300

; 600

13 V«

11'

...700

3%

4
16

700

--

-

Oct

7% Oct

Feb

May
61 % Majf
97% Feb

21% NOV
12 / Sep

700

12%
10%

.13
11

49% May
26% Jun
45
July
34% July

?

18% Feb

;
'

/

;:.8% Feb

Feb

32%

41a/4
32%

*

25

A

183%

;

•

Westinghouse Elec & Mfg com
12%
Wisconsin JBankshares common•
Yates-Amer Mach cap—————5

39% Jam
19
„

;"

Jan

13% May

Unlisted Stocks—

American

7.% Feb

24%

A 47% Feb
4 52
July

] 4% Oct

880

15% 15%
37 Va
38%

14
65

20
:

50

53/4
30

-

153,4
; > 37%
^,
8%
27%
12
:
16%

:'

Dec
Dec

38

2,050

A;

/■:

6% Oct

I

100

25%

:

7

3,600

38

JB
*23

i/A

—

3%

Alleghany Corp

18% May
,

Oct

May

130

.38

common-—5

common—

capital

199% May

'

19

19% Mar

50L

Dec

14%

573/4 Nov*

•

Apr

31

,31% May

190

24%
165

21%

/

18% Deo

50

American Radiator ft 8t San com
Anaconda

Mill—;
Coppei Mining—
Rolling

Atch Top A

.

r

3% Oct

^i6

15%

Vi Oct

80

~

-23%

29%

40%

1,360,

104

.

Bethlehem steel Corp common—•

Columbia Gas A Electric—-—-.

42

1% Oct

Santa Fe By com——100

Certaln-teed Products

92

1% Oct

15 Ve

•

10

193/4

15%

20%

20(

ll3/i

11%

lot

Jan

94% Jan
15% Oct
8%

Oct

,

May

57%

14f% Sep

<

400

59

27%

24
'■

Sep

6%

450

-

May

.

Apr

25%

Machine Tool common—5

25% May
134
Feb

160% Nov

15% Mar
41

iidv

200

jun

23% July

5i% jun
.15% Apr
35% May
f
68
Apr
?/38%- Apr

jan

:v

Feb

50
100
1,000

>

/V\; A V'-'-.'-.vatg/i

3%

3

Co

common-—Lad capital

208 South La Saile Street Corp

14%

3

*

;

Aviation Corp (DelawaMft—.

^

850

9%

19%

A

Trane Co

6%

Asbestos Mfg Co common

Athey Products capital

6

5%

0%

capital

Public Service

American Tel & Tel Co

r

;

B 10

-

far Week

400

5%

8

:

1

Dredging

U 8 Steel common—

9%

19%

___

Aetna Ball Bearing common-.
Allied Laboratories commohAmerican

9%

High

/ /

11% Mar
35
: Feb

V

Jun

'

May

Standard

Sales
Shares

200

c

Jun

36% July
30 ; Hat
17

.:

/ Oct
" Nov

*

,

%\ %' bify
/

Jan

10

10%,

Jun

Chicago Stock Exchange
Last

19

'/''45

1,000

'{.■■■■

Swift

Sale Price

1
—*

Apr
Feb

79%

Sundstrand

Week'e
Range

;

July'

.

.-i'-c-jf;

v':>

1
South Bend Lathe W^rks cap (new)—5
Spiegel Inc common
2
St Louis Nat Stockyards cap—
•

Sunbeam

Friday

•••

Curamings capital

•

83%

•

950

■w V 10

15%

8

dSoofety Brand Clothes common

Oct

686

A

'

10%

160

——^-—10

Binclalr Oil Corp

Nov

108

A 300

13

21%

*

Apr

41%

16% Oct
49
Sep
21% Nov

10%

:

; Sep

9

A28/'g

—1

common

Retth Packing pommon

Stewart-Warner

STO 0<H8

Co_-__——

•

49%

95

250

-If

—.

50

85

Dec

.300

75

':

A:/(!

"6
Oct
13% Dec

12V# Aug

/

A ?A •.:?!?

20%

—

——10

1
•

Jun

Jun

425

17%

class B

53% Aug
18% May

Oct.
Nov/

13

200'

120

5i

59

(new)
com
-..-..-IT

Serrick Corp class B common-—
Shellmar Prod Corp common—

46
52 3A

95

•
12%

(S D) Co

41%

125

Sep
Jdn

-20%

>

Signode Steel Strap Co com (new)

130
1,951
1,200

•

Waldorf System Ino_.

,

11%

70%

10

U

48

•

:

20

Mar/

35^ Jan
25% Jan-

33% Aug

.55% Jan/,
5% Sep/

1,400

71

?8 ; jun
20% Aug

„

210

300 '

f

20%

/

/

'Dec '

100

com

Sears Roebuck A Co capital—

'

Torrington Co

Potter Co

1

Oct

:

r

17% Apr16% Jan

"31%

Jan

Feb

Dec

,9ML Sei)./
17

300

9%-

18

'

.2%

Pennsylvania BR capital

19%

14%

,'

400

22%

A''A.¬

—«4.*gL-l

common

Elec

Penn

Oct

14

80

common

preferred—

Parker Fen Co (The)

Feb

-17%

1% Dec

-12%

/

i7% NbV

-150

v

Feb
Jan

May
■

Perfect Circle
Reece

16: '; Nov

150^

•

Feb
•

42% Apr,
30 Vi Jun
3

siyX,

26%

20

Nunn Bush Shoe common

Oct

10q
550

53

53

•
100

common

132

2%

Dec

10%

17%

142

129%

Jan

13

50% Nov

"

22

31%
29'

;

24%

14V4

20%
:

,16%

100

ri.%

Dec

/

47 '

j

r

^

(new)—•
•

Oct

Jun

Dec::

7%

200
\

77/8

B 3/8

*'

Modine Mfg common

Jan

Feb

A'25%

17% Dee'

14 V4

'

; 8%

V ; V/
22%
*

A 37

Sep/':

14%

A

1**

.

—•

,,

J,'

'■9

79"%

69 V2

1

A 8% May r

'

100

-/v

23%
16%

10

Jan

ii

Feb

Oct

20%

7%

•

A 19

Oct

"i

0%

<16

8% pec.*

48

9%

22

_

-

Feb

May

-1

;0

**■

23%
21%

6

—•

—.1
>

34

A 30% Apr

1,150

4-

68%
'

15%

75c

115

;

la

.99

69 V2

:

450 :

14%-"

> 97/s
A 9%
' _L
/
.21%
/ 20% A \ 20 3A

10

common

Join

8%
1-

1,300

50 Vi¬

18%

50

3,800-

^1%

19

—

Inc

May/

16Y»

Dec

—

8%

>

preferred

A Hart

prior

Apr

'

37% May Z

Nov

.150

.7%

■

—1*

Mickelberry's Food Prod
Miadle West Corp capital
$1

Jin

25%

; 38

18% Oct

m§

18%

'

common—5

116%

140

7/

4

•

Pacific Mills common-——:

Pennsylvania

3%

100

*'•

'14%

20

1

Marshall Field A Co common

'

100

(N H)_—

RR——

Colony

3
13

—

54% ^55%

.-• /
23
J1-,../ 16

$3.50 preferred —
—
Lindsay Lt A Chent common/

Oa*

Old

,

Jan

.50

Sep

200

9%

it

19

•
.

«

Jan

2Va

26 '

400

/ 56%

——/I};.>A: 7%

Brown

'

Oct

1,900
'

31%

Li.——L—*

: Apr

1,850
21

May

'

4i%,jun

•

.11% Dec

600

18 3/4

9.V'

56 %

Cumulative preferred

Feb

30

17%

200

9% / ,l*'^ 15%'"'

1 -i.v

Jan

-•••

95%
140

Oct,

29% Sep
30.
Feb/

20.

.

...

:9%

/•/• V/^

"-f> /

37% May
79% Apr

Nov

/

A

20

18%

Jan:

4

.

1%

76

13%
34

18

3 -29-

;

Libby McNeil A Libby common——7
Lincoln Printing Co comrnom
1

Mar

Dec

250
2,700

.

A 3% £. 33/4

--v>.
54% •

Leath & Co common—

Feb

Sep

Dec

Oct

A'--

Kellogg Switchboard common—

Apr

253A

f

12%

/{;i6 /
.■;/.//

1

Refrigerator Co common-.

Werner

;/•

38%.

193/4

-.■■

^10

Katz Drug Co common

Feb

Oct

60

1%

23%
33

i

Nov

'

4%

65% May
27% May

Dec

.21%

jun

-14%. jun
.

7%

May

28%

•

Jan

69 Vi

-

200

Feb

July

173/4

76

30.

.

Oct

59

26%../-. 200

34

18 v?/

"A :-rw"

Dredge A

Warrants

Apr

Oct

310

1%

A

32;
37%

1,3%
0

Indep Pneum Tool (new)—
Indiana Steel Prod common—

:lj. 223/4 July

Nov

6%

;19
Oct
7% NOV

L25Q

8

75

23%
«

r/

Bartlett common——25 "
Hupp Corp common_L————
:_1 ;

Feb

51%

124%
211

200

91%

.■

26%

'

-23%
30. A

.•

Hibb Spencer

Feb

35e

100% 102

7%
70V4
91

.

•t

63 A

Feb
Feb

15 Vb May

Sep

850

'

Apr

5%
25

8ep

-50

.

Oct

110%

1,300

f

Jan

160

1,430

7%

Ku-S-i.'?•>!■'£ Ar;;;/?.:-*

A'•

Hein

Apr
705/fe May

13 %

118% 121

a

1%

280

-

.

24%
' 9%

V

-

ia•.■:.•(

/.

r

Razor: common—
Inc. eonunatfc^._):___i_"Goodyear Tire A Rxrbber cohrr_-i_i„*
Gossard Qa (H W> common—
•
Great Lakes D k D common—
-•

Jan
■

•

15% Nov-

100%

208...

.: J'.■ ■':

41%

713 '

119

1%

^

—

Goldblatt Bros

North

•
100
2.50

preferred

New England Tei &

6Va Nov

63

Gillette Safety

& Elec Assn—■

Gas

1,100

8%

.

Montgomery Ward & Co
New

3%

Apr

/

May

25

50V2

13% Nov

21%

/

—

.Corp'"c6mnion__--—-l?;*'

General Finance

Jun

350
■':

100

118% 119%

;GeneraK-Caaidj^!Class^^ri^--i;«—-—5

Jun

145

175

,

100

204

——,-5"

Flour Xfilla' of>America.Inc—^

0% Apr

Dec

39

^

-v; '■'*

-

-

common——

■'"•"v

Miller

AA/

2%
15%

8%

.

Hammond Instrument Co common—J.-1

1% Dec.

130

«:

16%

40c

4%

28

100

56%;

16

15

•:

305
77

1%

18%

41

A',/ -5'
•'A 100

;

V

2%

205

31%

1%

17

100

7
51%
16 •/ ;:

6%

9%

7.935

.

; v.

;

7%

^-

Harnischfeger Corp common.———10
Heileman Brewing Co G capital
»i

Aug

33%

2%

31%

—

"

—

245

18%

16

A/A;.'

913A May

Sep
21% Oct
61% Nov

-X.201

*

56%

*

1

Mergenthaler Linotype

16

77

10

.

3(04 % May

26

84

734

2%

49%

vtc——V:

Util Associates

Mass

*
25

Copper

9%

.

2,025

32

1S%

- ;

»-

'■& 27/«

—-w45

Copper——;

37%

30 3/8

-

Corp

Seji

Jan
/

'/'!7 "113

59%

203/4 Nov

8%

6%

:

,

A

Sep
/

115

fe84

32%

35%

v 10

10

Int'l Button Hole Mach Co^—_—

Roy ale

..

'A A

22
30

'

31

57%

577/s
36%
30%

General

Isle

20%
29

/

v;

/

•

Stores

National

First

2^

SS Lines Inc common——.—• ;

-

Credit

Domestic

'

Eastern

sh vtc A~

par

Electric Household

-r

Employers Group Assoc___i——
Engineers PubHc Service

Jan

a..^'

,

Gibson

Oct,

95%

7/ 60

«

33 Va

General Motors Corp common—-—10

12% Feb

100

98%

common—

Elgin Nat Watch Co new. «nnv *,

Jan

20% May

«

5lC,/ I':

122'

•:

•

■.

r

preferred B—.——-——-—100 -7/—
preferred adjustment-*——-100 - • —

250

t/—

23

dep

14

61c

—-100

1st pfd series A

6%

-•

22% Jan

6% Oct

"•

35

22

i

40

podgo Mfg Cojrp common new,^--^TlQ;v::'; 13% ,"■

Jun

91

6>/a

7/.; 28

18

38

......

May

6

6

' 7/

Nov

—5 ;v; 23%
—*

Coleman

25% May

150

Dec

35-

77/ 10
7-:/ 264

6V2

15 %

*•

t

6%
5%

''

2,300

Cltifs Service CO1 common—i.-i——/-10:

70% Jun
51% Feb

34% Noy ;

60
123

-

130

66%
06%

preferred

Corp- common-

FouivWheeLDrlwr Auto-^
'

26%

.ja/"
Sfi
66%

-

•''*
J—100

Common

7;

;\

/;

y, 7

6%

:

Ry-^

Mass Street

38%
0

26 V4

•

prior preferred--—7—7-i_l00
preferred _———100

Eastern

7

■

<

4%%
6%

65/«

T/;—

A—iiui—_—--10

Eastern Gas ft Fuel

?

.

10 /

^

Co—

Boston

:i 6

PropTrust——,—- 7 —-f
iUii*———5
-7—77

—-

A;

37

6%

1st pfd stamped—100

8%

East

:

36% ;.37%/

;

Jun

20

;

(

May

18%

II8V2
,,205%

•

States Pr A Lt

Dock

Boston1 Herald

66 :

20%

V, 19%

A

Consumers Co com

Mar

44

651

'

Sep

"400

"

(SMteV Co Ip«——5 *
Commonv^^th Edison common
.20

Oct

,

Nov

23

2%

Feb

Sep

120

/ 1,502

•

A: 69%

66

265
218

7:

,

-

23
Feb
59% May

; Dec

15%

Jun

Dec

Aug

410

."

30

"850

11%'V

Jan

10

-

22%

I

—

Burrell

Doehler-Jarvis
140

a

17%

'

26%

'f 17% Feb
30% July

14% gep
U% Nov:
37

22%

-50c;

58 3A

Nov
30% Jan
34% Oct

504

140

500
700

A""1' A

Oct

'•

—

2003/b

19% Ma*

159%

--349

'

40%

131% 133

RR—7-100 ;
132%
Mdlaoxi
—
25 ;// 49%
Elevated Ry
100
:: 69 %

UotiWU

';

140

*17'A

————,?

Low

140

42%

'./■iuill

Chicago Towel Co som capital—. v

■

Alb&hy

ft

Boston

40%

400

12%,
: 47

150

—*

preferred
—

Chrysler Corp

Range for Teasr 1946

J

170% 173%
29% 34%

Tea'

American

,17%/

-

......

10

Umcago uorp common
Convertible preferred

Shares

High

7

2 ■»;.

__

1 /■

commpn—

Convertible preferred
Central S W UtU common-^—4

far Week

•<

14% Dec

Chicago A Souteern Air Lines-—%:■ 7%

Bangs
of Prices

P«r 7//;:7/
Agri Chemical Co————♦ 7
Sugar Refining common—100 /•■/— :«/

./ !. ,!7 >' *'"//

12% Mar

450

'

Jan

Sales

Last

k-;.[

800

153/4:

;

Exchange

Friday

14%

-

'

Gherry

Sale Price

\ 17

20 Z

ilii/ 45
i

•r-5

—

Central

stacks

250

19%
14

/

:,'y. High
A. 49% May

/

♦:

Dec'

,

15

.

-10

Carr-Consolldated Biscuit common
Castle A Co (AM) common-

Dec

40% Oct

1

t>0»

:..29

Jan

Preferred

Boston Stock

l new)— -2%

common—L-_

Central HI Secur Corp
38

46%

Mills coin

Range^fot YCar 1946
•;,V.

250

14%

(E J)

Sons

&

-

15%

—

313% Aug

Dec

.19%

capital
1
jBurd Piston King CommonButler Brothers eofhmon-—--—^. —10"

Aug

58

■

Mar

30

38

45.%

National Bank.

Western

inc

1 36%

••

High

35

AIo

common——.

JBorg IGeorge W) Corp———.

')
46

Fldeittv

8

Co

Bliss &. LaughUft;

19% Jan •*;;

y

Dec.1'

38

300,
17%

100

90 ;,

Nov

159

-

150

20 '

A Guar—-

Mt Verhon-Woodbury
rr

Mfg

Shares

Low

Berghoff Brewing Corp
JBmas Mig Co capital—

am

4% Feb

.

12^'n,"
316

18

4mm::-

21

665
800 f

8i;1

315

Finance* Co of

205

Year 1946

Range for

Sales
for Week

Range
of Prices

*

...

Co, common^—-

Borg-Warner ^COrji

81

Fidelity A

;

i/o 7

7ii %

11%

^

24%
V 9%

;4Q

Power coih-

Sugars Assoc com v t, c.

Eastern

7

..

9

400 '

Betden

Shares

High

24

t c_.

■———&

E L A

Gas

24 ya

.—

common *

Transit

bait.

Low

Bastian-Blessing

for Week

'or Prices

sale Price

Far

f

Par

Sales

Week's

.

Last
Sale Price

/rAf-AA".• -»Tde.KS-::.

vt>

Adg
51% Feb
Uo
Jan
106

25% J®
13% May-

.

Volume

Number 4559

165

THE COMMERCIAL & FINANCIAL

-

CHRONICLE

239

OTHER STOCK EXCHANGES
RANGE

Friday

■

n

of Prices

10%

Curtiss-Wrlght

10%

5%

5%

„

5%

400

Farnswortb Television At Radio.
General

Electric

34

Motors

Corp

Iron

>

5

Laclede Gas Light..

Apr

; Nov
%, Dec

Rfchman Bros
S

Steel

Van

Feb

20%

5% Oct j

.

U

yl3Vt Jun
v

Warren

&% May

Nash-Kelvlnator
New York

15%

capital

Packard
Pan

Motor

18%

200

30%>:337/a

Central RR

North American Co..

16%

177/8

Corp

; 300

Car

Amer Airways

2%
com

new

12%

287/a

31

Oct

37

100

.

>•'

11%

*

•

23%

common
:•'

1

-• ■

.

•

.■

..

{'■?

23%

.

"*500

"

Oil

of

J

N

111

65 Va

Oct

125

20%

Nov

I'f.-."

20

—.
..

310
80

a65% a67

34

al7%al7%

;

3%

a267/a a267/a

-v

60

-

*,

3%

27%

28%.

300

14%

143%.

15%.

1,300

69 %

70

: 206 *

21%
"8

22

25

£

1
——1

common

••

1

/:?!'•£

a.

8

,3%

28

Oct

(>-

40%

Oct

;

187/8

New York Stock

July

13%

^

Jun

i 18%
7%

900

14%

>

Apr

Detroit Stock Exchange

Ford

2,600

;

38% May
14
May

Oct

,

3% OCtf:

6% May

rv

66% Jan
12% Sep

300

86%

VI

Apr

Detroit Stock Exchange

20% July

*

Week's

Friday

Sales

'

Last

Industries

American

Launary

American

17%"'

———*

Products

—20

Mucninery

17%

Cincinnati Gas

•

20%

common.u....i..^8.50,

Preferred

Telephone
Cincinnati Union Stock

T

t——50
*'

98%

22%

*_i——*

—.——

_.J.

Gibson Art

—1—

r

Hobajrt clqsa

68

..i.,

i

,

106%

Oct

50

Gamble,

*

8% preferred
Randall .class
Rapid
—-—

5 lid

g'•

/
•

815

3Tfe
13%-15-- r

•"

U, S. Printing—

44' -v"45

51

50s;:

100

f

■;

,

Feb.

,

.7^, ,Apr251

May

Feb:

8%

1,004

13%

50

32%

Jan

..•-•••-•'--57JUtty "

.

10

49

Nov

;^

Dec

is

'Nov;-;

53% Mar

—

—

—

'General Unioni"V.<;
Oil

Pure

Timken

'

'■,,

i

—

,

i8t;

,.10,

Roller Bearing—

Kinsel

,50

V:-:

•

'

>

-

:

:

'

■

■

-STOCKS

-

Friday

,

Jan,

ft

;

BalePrloe

.

gli>V«|

«f Prices

-

American Tel At, Tel— ,— ■■.■■■ ...,■■■—100
Apex, Electric Mfg.—.-1
?

common
Metal Products

Prudential

Investing

—

*J"*

Controller

1

—

—

Elec 111 common

Cliffs

Corp

Consol Natural Gas
/Eaton

*

Mfg

——5
(Un)—15

X

93"

26%

U

93

81

29

V

4,208
51

a51% a52%
all%all%
19% 20

:
j.

,20:

,

(Un)— 25

(Un)?.-..1.—»*.—1

uenerai Electric

(Uni

General Motors.

—1—

Glidden Co

common

^

*

common
Goodyear Tire A Rubber common

Drugstores

* ;•;>:
^a66% a67
*
> J-' ;Vfei a54% a55%
*
21%. 21%

;* :

-,*. ■.-■*'' /

•':

Industrial

Rayon

.

>

•

.

S

Radiator

/• ^

:
"

£e«ey Island

>

1*

National

Tile

*
*

"*

:•

.

Ohio, Brass

20
83%

Ohio Edison
Ohio

Oil

*

4

*«»' *•

•%.:

A

r

i.

..

For footnotes

—

..

(Un)




r

'9%

6%

7J/»

-:

4M|

.10-

-

10
''

a.'

8

page

13

,

25>

-

.•>'<»»

--

65
450

-

50

246.

-

31%

Nov

Los
"

Aireon
i

Mfg Corp

Bandtni

Barker

Bros

y-y

Consolidated

•

1

45

95

25

•••*

-54

Jun

20y4-Feb

;

45%

Feb

35% Aug
53% Feb

•«,•

-

i7y4

Jan

17%

Feb

-

-19

•

f

x

;

-

-3%

2,000

5'.

y.

Jan

/

May

12% Feb,
7% July

,

47%

Jun

7

Dec

Jan

4% Jan
6 %, Feb

'

Oct

3%: Dec

.

Jan

21%. Jan

.

Sep

3

<

,

Jan

5

'

650

8

6% July

;

Dec

10%

960

93A

Dec

4%

4%

160

33/4

7

ll'/a

12

Jan.

19%

Jun

Oct

6%

13%

10

.

9%

Jan

V-

5

1,000

>

ioy2

>318:,

:

225

14

14 "

14%

15%;

15%

:

>8

Mar

,

995

11 Va

r17

Oct

*

9ys Mar

Oct

750;

Sep

;17

2

450

2%

Jun

207/a Mar

Dec

> '

::2

487

2 Va

2%

1

23% July

13

15%

2'/a

4/-

Jan

Sep

Aug

6% May

•V4

Apr

29% July

A

Week's

Last

Bales'

Range
fer Week
Prices: Shares
High

Range fog Year 1946

2%

4

3y*

23 y4

Low

,

A4S

90c

5%

2%*
77/8

885

Jan

6% Jan

: 41
Oct"
?
1.78
May
V
6%
4»A Nov
6
2%. Dec :
9%
6% Feb
;
8V4
^ 5% Mar
17%
13Va Dec

5% >;>•-• 650.
. ;.
356

r

17 y8
-

,

26
60c

2,400

7%

7%

' :

1,575

2%

._

2

24%

85c

•.<

23

v

Bid*

.■ ;•••

5
Nov
3% Sep >

836

3%/'>.!>,-: 800

Jun

Aug
Oct
Jan

Apr
Dec

47%

*
.——100

Corp common

Central Investment Corp

1

Chrysler Gorp
Colorado Fuel &
-

> 28%
22*

Preferred

8
•> V

Iron common

—20

•

ConsolidatedSteel Corp new. com
Creameries of America Inc

31% ;
23

Co.

!

Ltd d iss A

Tele & Radio

Corp

:Fitzslmmons Stores class "A".-

45
I

.1.

31%.
25

a21% a2iy2

...

13%

' 1.80

;

L•

100-

a8 ; ;

-

Nov

31

'•

20,325
180

-•

Apr
Jan
Feb

Apr

Jan

f

20%

Feb
Apr

2.70

May
7% Deo

8

Aug

16

60c

- -

.

I

Dec

.9

-

--

-

33 y4

12% Nov

420
,

Jan

May

98% Apr

<•

-16% Nov

700

14y2 -—--785

13

—

-

20

.

2.05
a8%_

67

-

Nov

32% Dec

16V4 Nov

410r--'-20% Nov

15-

8%

1.80
a8

—

r/.

f - 4,370
----

14

8%
;

375

a74%a74%%v<

13% ;'

730

185

•-

.

28
Dec > v> 45
33
19
Dec
25
16
Oct - ?.
136%
76
Oct
23%
10% Oct
24
16%-Oct

229

230

31

—

—-

Electrical Products Corp
—X ,a
Emsco Derrick & Equipment Co

'
^

23

.

Douglas Aircraft Company Inc—j
*>••.
Dresser Industries
—~—500, >

'

.

,

2,630.

14%
14%'
al9%al9%

i.

i

287/a

13,650

22
> 22
?. 20% 20y»
a89% a92%

al9%

*,

7%>
14y8

25%

>■

Products Corp

Certain-teed
-,

13Vk

14

.

Jun

19% Jan
16

Jan-

Dec

V

41% Jun

__

Sep

;

lL'-y7%'4> 7V»

Corp

California Packing

32% May
Nov

19% Feb

a25% a25%

9

1;;

Co...

Apr

15

Nov

7S

8%

1

77

■'i'"* t

•*"'">)

8

3% Jan

3y4 Nov

>»

Jan

Apr

Exeter Oil

-3(1

425

V/a

4!/a
7%;

4%

•

common.

—

Oil

Chlca

Farnsworth

•

>•

Oct

36

1,340

Friday

Bolsa

Apr
Jari

»"*-»

4y«

Broadway Dept Store new common

Dec

»v-4't

4

:

Janr

8ys

Deo

4

45% May

Oct

6

800

__

Gay Furniture

8

a24V'a a24Va

-

Berkey &

6% Nov
-

-

5

;

>

•

110

4%

;;:

Jun

a-- Nov

9

:

2%Nov

/ 600

6

9% Feb

Angeles Stock Exchange

Blue Diamond Corp

Feb

8-' -Oct

150

100

41%

50c > 7>: 3
Company^.——1/ " ■

Corp

Barnhart-Morrow

987-

-•

16

620

37/a

...

Petroleum

2,030

--r

5%

„.

:

-88%

/10% Oct

a36%a367/8

:

*

-

'■

1,

80%

>

Mar

a32% a32% -"--1^1.-.%
;

see

28

6%„

•

<■

class B.J

se1/*

Dec

3%

•

'

Oct

154?

6%

14% Jun
•

Nov

.

Jan

34

.

■/ :

oct; >

li

;r

Oct

Oct

6

300

Low

Apr

,v.;v:

32

13%
2%.

Mar \ w^ao%-Jun

Sep

600';; ;/2

4,610

•(

Oct

52

36'■> Sep

-

'10'/a

9
'

•

3%

.

B_—

common

RR

:

9%; *
6%

.

1

70i

38 > 35%
a35% a35VS

*

■

*•■■■

(Un)___

Pennsylvania

;

.

*—r

-

50.
265

Sep-

1 ;f-

Aircraii common

Warner

yX

^15% May

Dec

Deo

12

2

34_

* .v;

common

common

STOCKS

Feb

23% Jan

Nov'

12
32%- 33%

13

Paving Brick...
& Mfg_.l

class

10O

a39%-a40%
al2

x.

32%'

—.—10 ;;

Nestle LeMur class A..'
•'

..

Lime A Trans.

Sessions.—,

Metropolitan

-

800

100

12%,
V/»

May

.71

35, ;; 59%. Nov
r"; 156
- - 58%
Oct
>;
180 ;; 20y8 Deo

14%

Oct,

Y

34% Feb

36% Oct

>

4Va

2%

>,

^

July

60

^---82 —1 47% Oct

-■75

10O

Jan

263/+ Jun

Nov

4%

200

4^.-^:44.—^..———1'
'

Jan

50

Oct

33%

7

iv2.1%

10 s;
1

Wayne Screw Products new com

104% July

10% Sep<

208

'

v-

i__

Jaeger Machine
Jones & Laughlin Steel (Un)J__
Lamson &

-lOG-"--

-

;

(TJn)'

(Un).—.
Steamship _.—

Interlake

14,%

*

hiterlake.Iron

••

a47% a47%

Griei Bros Cooperage A

'

13V*: 13%
a36y8a37%^
a53% a54%

-

—

10-.

(Un)

Goodrich (B F)

Gray

'

'

p—,

14%

2%

common...—.—1

Basin Oil Co

Gabriel'Co

'*?■-17%

-

.

9% Oct
.17 v,Nov,
51

Jan,,

32

.

84% Oct
> 38
Mar
*'
19
Sep
<42% Jan

37

235
915
290

:

9% Feb

153/4

:"

-

19%r

;

i

common

44% May

Deo

39

Dec

• ; ;

9% Sep
tr'+'sS1"**, cu,',
V

,

30

Dec

18%.

2%

Jan

8Ya Jun
*

-

200% Jun

\

14

.

50.
610

a56%-a58%

•

—

(Un)
*
..V
Faultless Rubbe? ^..i.^—....—.../.I,
Firestone Tire & Rubber com

26"

12

-

8%

"< 25% May
35% Nov;

27% Sep

7

a52%a537/»

Z—1..^.^,.—4

Mfg- —l-li

—».

11>'

'<

sy8

1:
2 a

;

ii

^.4..
United Shirt Dist

6% Sep
-

Oct"

21%

1,707.

41%

;

—

:

new

J Udylite

5

Sypy'5 a43% a43%

Railroad

Erie

'

al6% al6%

—

Cleveland Cliffs Iron pfd^—.w—.I—*
Cleve

"

a31% a31%

Jan

80

A;.v,,%■&*&»■• •'>v

Scotten-Dillon

j&Jft'

31% Deo

-63/4 Feb

<•

f. 5% Dec

200

5»A
25%

1

(H W)

Standard fube B

159%' Nov

250

-

Nov

4%

2,825

6%

35%

;

—

Co
River Raisin Paper

'

Jun

'
r:

Oct

493/s

1,347

-

6%
•

2y8

2

Peninsular

Range for Yeap 1946

7Gf 1

6%

35%

10,,;:

Parke, Davis

-

174
70

55%

4%

1 -V;;-

1

28%May

3%,, Oct
12
Sep

1 {■■■

*

Motor

Tivoli Brewing

50
200"

,

,

al72 al727/«
a8% a8%

•" '•*:^

y

a4

a32% a33%

'

City Ice & Fuel—.
Clark

.

13%, 13%k

-1,

American Home Products com(Un).-l'

■'"!

a4

•

.13%

2

8y8

>1

Oil common

80% Aug

-'

Aug

21

11 "Oct;

:

19%

Cay————*,
Park Chemical Co—
—1

Rickel

Dec

5

4% Mar

XOV2

1

Walker & Co

Alleghany'Corp (Un) —t——<•——X
Ajmericanj Coach A Body
——5

Deo

100

25%

10

comujotu:^..—<^^....10 >'

53% May
65% Jan

.

3

1,925

16%

Screw Prod common

Packard

.

Last

V,

<>

19 %

:

Corp >4——
National Stamping

Exchange

Wedt'e;
'8ale«'"
Range
ferWeek

..

May

Dec

16%

100

,3J% '

1

Drug

Sheller

Glevelanit Stock

Apr

17

2%;;;

1
—

Mat

20

28

May

14

9% Feb

Sep

5 Vaf

6V4

...

Products.

Kresgq. (9 S)

Oct

Sep

,.X

Murray

Jun

42

t

2%

Car

Motor

16% July

5%

LaSalta Wines common———.—2

Aug;

41%

%

£4.Wi

Bearing-

Hurd Lock & Mfg common

Kingston

13%

54

1

Hoskins Mfg common
Hudson

23

23% Jan

Dec

2%

1

:

:■ r •';WV;■

:■

Casting

34% Dec
39% NOV

62

*

—

Oct

Sep .j4.

47% Oct

167.

»

42

R7% Sep,

-

-99&-/• 8%

.

Brands..

Standard

*>■

L—

—

22%

75/

*i

City Ice & Fuel.———
Columbia Gas

Die

y
&

McClanahan

,55.^ja7St Jan.;
11

...w._>10

Brewing

Masco

3>

Motors

•Hoover Ball

Nov
Oct

5%

;

—

Michigan

Feb

17%

1,564

4%

Brewing

Gerlty

Feb

Jun

10'

200

13%

May

5

21%

L'Vf

;

Ale

General

Oct
NOV

2,100;

>

4%

53

2V8

7%

18

.——

y>"

: Dec.

'.V'•>

American Rolling Mil! L±*m
Cities Service
—:

Inc

Oct

31%
13%

1,095

12y8

18"

——

\

Goebel

^ 'r 65% May
>%.14-;UApr::.

''

■

%

:

^

51

Corp

26

Oct

5

7% Feb
15 %* Oct

100

6%

6%

digA

--

Oct

Dec

400

v

11%

,

Dec
.

380

<

8

'

270
; 400

V

107/ff

25%
.

Graham-Paige

; 3% Nov

•

Steel

Friars

Mar"

"v'l5

.

43% Oct
8
" Dec

250

Navigation..
common

Federal Motor Truck common.

Jan

70

Cleve

Edison

Detroit-Michigan Stove
Detroit

*<

7%

Frankenmuth

56'% Mar

«

53% Oct

'39

.

Jan

Dec

til

25"

g

.V -3%

37

20

10%

2%

-

450

2%

20

:'''' '/-V

29% May

Dec

57

125

65Vv

July

43 %;

25

249% 250

—100/
.* •:
—*

.Preferred —-———i

-

62%

•

;

:

May

"22

"

JV.

Motors

106

•; 15

18% Sep,

;

50

-

Mar

10% Apr

t

v

May

86

35

Machine

Motors

Electromaster,

Feb

20

35%.

■2%

common

15

Detroit

Dec

'115

;r

35

•

lS'/a

147/s

Detroit &

Oct ■•;

30%

Oct

11%

i4ya
14%
49% 'SOya-

.j

121

13%

15%

Davidson Bros

25% Dec

Sep.

101

69

^

42% -42%.

t.

22

1,722

-

22%j

,

Mar

ho*

900

—2

Continental

Jan

6

>13% May

,r?
3

Consolidated Paper common..—,

Apr

Range for Year 1946

High

Low

575

Mfg

Brown, McLaren

46 y<

.

-

12% Jan

52*

24

^

22% Oct

',•>40

13

Eagle-Picher .—.—.10;

Jan

160

99%

'

13

Formica

Dec

1%

5% Mar

270

,

Yards.

-31%

24%

Shares

1

Burroughs Adding

•

107% 109
13%' u:~y '

50

Cincinnati

'

y'

Dec

6i

21%29%,

29%

100

—

.

dnolnnatl Street

285

V

-4

^

•':"25%»25%';

Fifere hew^-ii.i.*■
;

is

50

4

.

v.'':)*1,;,"

Champion Paper; &
Churngold

Range for Tear 1946

High

32 % ";<.. 33%--

.V

——,—*
—1;

Balcrank

Briggs

Shares

tilgh

fer Week

"400

Products,—.

Metal

Range
•f Prices

..—1

i

American

for Week

of Prices
Low

—L.

Products

Allen Electric

Sales

IX Range

Sale Price ;

Par

Aeronautical

Last

Far

;;

Exchange

Week's

Friday

4'." \

Jan

Telephone: Randolph 5580

22% May

Oct

=

Cincinnati Stock

;

Nov

DETROIT

Building

\

Procter

Jan

83% Mar
31
Jan

Chicago Stock Exchange

-

Sale Priee

Meteor

15

5%
44

-

Sep

New York Curb Associate

Exchange

78% May

v-

11% Oct

T- '— V

v

3%

62% Feb

.

•vi'.-y:
..

'

•ii-:':10-;-;-Jan.

-

STOCKS

Kroger

Oct

57Va

WATLING, LERCHEN & CO.

Feb

25-

;

200

common.

common

1

i'

83/a

14%

3%

Co

Aluminum

3%

21% Nov
'

' July

30

28% May

15 y» Oct ;

400.

.■

27%

United Corp

'■

152

20

Aug

*

'

Oil Corp

Rubber Co

:

15

Standard Steel Spring

StudebakeT Corp

i

97% Feb
34% Feb

449

a707/8 a71%
.

Jan

-

Members
14%

•

Standard Brands common

Wilson &

Jun

a24% a24%

.

—

•

(Un)

63

Aug

i

.67

$ 0' ,"';Nov

^14%:

14%

Socony Vacuum-Oil Co Inc

U 8

-

■'

■

Radlo-Keltb-Orpheum
Republic Steel Corp common..

Sunray

32
38

37% July

,,

Feb

20

Radio Corp of America common—.

Standard

Door

Feb

49% Sep
20% Mar

'

(The)

•'k

>

Dec

21% Sep
54 i Deer

Pullman Incorporated

Pure Oil Co
r

Steel

40%

10%,May

28%;' Oct

,,400

33%

:

Youngstown

19

Oct

Jan

5% Oct

2

Nov

446

52%,

9

24%

"

__1

Tube

&

51%

High

55
150

,,.w

Apr

35

Refining & Chemical

Low

a9%
a28'/a

—

Range for Year 1946

High

a9

0

Motor

Shares

a28

..

•

Works..

Sheet

Low

r

10

common

(Un)

common

Youngstown

Jan

24% Sep

-

14

25%

-

12%

1

Corp

Pepsi-Cola Co

.

& Jan.

r.lr 44

900 :

6%

6%

Paramount Pictures Inc

1,000

32% Sep
13% Oct

K

_•

Dorn Iron

White

Martin, (Glenn L> Ct> common..

(Un)

Standard OH of Ohio

Feb

51%

,

Nov,

•
•

Corp of America,
Republic Steel (Un)

,

■

10%

common

Oct
Feb

16%

<:'7% Dec:

Co.

Graham-Paige
Interlake

Radio

20%

ef Prices

\

Per

12%

Oct.

Bales
for Week

Range

Bale Fries

•

High

v

10y» Dec

200.'

>

V

Low,

,

stocks—

".

Week's

Last

-

Range for Year 1946

Low,'High

Continental Motors

10

Friday

for Week
Shares

.

ENDING JANUARY

V

Sales

:

Range

•/-

Sale Price

'r

'

,

Week's

Last

t

STOCKS

WEEK

FOR

Feb

2 '* ' •
General Motors Corp common
16
—,
Gladding McBean & Co.
*
—
Goodyear Tire & Rubber Co com——*
a56%
Garrett

Corp

(The)—

-1

9%

OV2
'

55
30

-

-

55.
3f

a55y8 &56%

..-

1,900
-.5551,100

135

.

..

9Vz Nov
49
Oct
25- Sep-54 Va Dec

2oy2

Jun

79% Feb
-

38%

Jun

76

Apr

,

OTHER STOCK EXCHANGES
JANUARY 10

RANGE FOB. WEEK ENDING

f

Week's
of Prices

Stock Exchange

Listed

York- Central

North

American

Oil

17%

177/s

t

,-alO

May

35 Yb

14% Oct
9% Dec
Sep

Jan

16% Jan
36% May

y

24%

1 19%

Feb

1,090

5%

Oct

12%

340

6%

28%

28%

1

99% May

; :

29%

Oct

36% Aug

50

6V2

A'

85

51

Nov

115

a23% a237/a

30%

;':i

—

—

Paramount Pictures Inc

005

-

V.

a32 a327/0

4

*

i,

Car Car

18%

alO al0'/4

.„10

Company,,,,,
Motor

Packard

SCHWABACHER & CO., SAN FRANCISCO • J

|'

ALLEN & CO., NEW YORK

;

Ohio

V'

Direct Private Wire« to .'

''

•

RR_.

Co

■'

Jan

57%

360

-

,

High

47 '•

240

42%

a59% a62%

a59%

•

Aviation: Inc.,—

American

North

•

In*.——

Montgomery Ward & Co.

Unlisted Issues

r~

'42%

44,—.

& Robbins Inc

McKesson

FACILITIES

Range for Year 194(1,

Z'X Low

1

New

Member Los Angeles

Shares

Low1: High

.

'

BROKERAGE

AND
v

for Week

'

Sale Price

COMPLETE INVESTMENT

FAIRMAN & CO.

Sale*

Range

Friday
-V" Last
STOCKS

,

..

29% July
Feb

"

West 7tfr Street

2IO

Pennsylvania Railroad Co

.50:4 H;:^4-;:25%V 25%

Phelps Dodge Corp

LOS ANGELES 14*—TRinity 4121

—

-26 I

Oil

Pure

Friday

STOCK S

-

Par

,

Foods

Hunt

Ino

—*

Company

28

—10c V; 75c
——10c->
*—1 >
6%

Kaiser-Frazer Corp

—

\

1
Co,—lOe

Wells Co

Lane

Petroleum
'.ockheed Aircraft Corp

1

Angeles Investment

•

*

—

90c
3%
60c
1.15
30c

1.20

Petroleum Company
1
Oil Mng & Dev Co,—;——1
Occidental Petroleum Coirp
,
1

'

-1

yceamc.Oil CO,—

common,,,,——*
a41% ' a41% a42%
6% 1st' preferredwi_,u—*4-,'——25-,
40 x40%
5%% '1st preferred——25
'
35% 35%
Pacific Indemnity
Co————-r—--10•
.
52c52
Pacific Lighting Corp common,——•
a62% - a61% a62%

Pacific Gas & Elec

„

)

,1. / IdYa
preferred——,50
lj]

Rienubllo Petroleum Co common,

5%%
Richfield Oil Corp

*

—1

6%

.

Feb

•

::

i

'

*

.*M

P

i-/

-r

1

I

•*

^

^

??■§£(■$'. !%&■*■&

6%

5%

6%-pfd—,25^-

Southern California Gas
1

-6%

—25^
•
a43%
•
> 56.% •
——; 8

preferred -class A—

4

Company,——

Pacific

Southern

Oil Co of Calif

Standard

Oil Corp,;,.....

Sunray

Inc,-—i,4,^„44,—_i.,4-—50c

Textron

37%

*'

.:

Transcon
;•

■,

^

United-Rexall Drug Inc

:

■

■;

,

States Steel; Corp——:

United

25
8% '

Universal Cons Oil Co——..——10. 4Western-Air Lines • Inc———,1:

.

.

Corporation

Woolworth

V-

361

'

Jan

—1

(F W)

Company

—10

Mar

%

-

Oct

15

13

■ -

-

Sep.

'

1.80 July
20% Jan
26 % July

Oct

American; Tel b

July I'

90

4 Sepv 4

68

Apr i
Feb

29c

j

89% July!;
32% Feb-

■

38%

69%

Oct'

42%

Feb

-7%-Oct

Jun

69% Aug
14

-

-4

25% July 4

4

11% Dec

21% May

13 Yb Oct
19% Dec

.

?

May.v

v"T-[ 5f'..v x-'r'-t. t-:

Oct ;

27%

■■

^ -'Z'X')+.'5 ',

.

20% Nov

(

28% May;

•

11%

Dec

96%

Feb'

9%

Oct

65%

Oct

19

Oct

27% Apr

8%. Dec

•

,33%. Jan

-

,

20c 4 Jan
2.80

Apr

8c

Jan

Jan'

24c

Budd

Refining

Co

Corporation

aviation

--—;

-■

97
a36%
6%

—
,_

6Y2

Baldwin Locomotive Works vtc.

13 '

20%

Barnsdall Oil

_5
5

44—

Bendix

Company

Aviation

;

Corp

Boeing Airplane Company
Borden Company

Borg-Warner
T

(■"•••-'??'

5
15

370

al97/s a207/«
r
* ' a48y4 a49y8
—-4^ 46% 46%
:iu'SyA- X:
V

>•''<

'

Co

Service
Gas

Si

Solvents

Commercial

10

t

Electric

Corp,—

•

Corp,,

.

**'•'.

.

' v*-. •'

"

*

"

'

-

*

'

l,

I'

Commonwealth Sc Southern Corp,
Cons Vultee Aircraft Corp
;

•
l

Continental Motors Corp,

1

Continental
Crown

Oil

Co

Zellerbach

(Del),—4—

8
1-

Curtiss-Wright Corp

General Electric Co

General

Foods

Great

^

^

Northern Ry Co

Iron

International

*
4

•

International Tel & Tel Corp

•
7

Loew's Inc




•

;•;

^

•"

-

.

16%

*

al2

Jan

30%

159% NoY ;

1,487
245 r;

21%'

•

25% Dec

•*

12%

13

91%;

*

572

48

y8
-

•>.;

;

11K*

5%

•

"

6

2,734-

47%

Feb

370

;.y 7% Deo

y 51%
9%

Dec

100

12

NOV

49%

51%

Philadelphia Co
Philadelphia Electric Co common
81 preference common

preferred
Insulated

50%

8%;:

serie"s

A

Co

preferred

112%

73%

Aug

52

62% Jan

54% May

22% Feb

';l2V,0ct.

130
50

.37%

40

59%

Dec

Sep
23% Sep
8% Oct

196

1,000

20

200

155

16 V2*

•

^'.'v; .A'j

:

101%

;

Oct

12y4
60

•

61% Sep

;

1%

69% Aug

Oct

%

150

A

4%

4'A .Feb

Deo

32%

769 *

-

3%-

32%

.

;

Oct

■

|

!

782

*

V

'

3% Feb
5% May

3 % Oct

44%

.45.

;•

51%,

:

3% Sep

1,900

.

'

July

78% Jun

t

Oct

49

10

24V4

Jun

*

200

•

Sep

33% Feb

Oct

1%

23%

13%
——20

18% Oct

;

100

27

V;

Sep

,

7%"Jan
56 Ve July

•

30% Apr47% Mar

Pittsburgh Stock Exchange

78% May

L»8t

4'4;-

'

■

Jan

LoiO

4

Arkansas Nat Gas

.Co pfd

—100

Co

Columbia- Gas

h'slectric—

10%; 10%

;

—

4>:-,w4- v::-: 18%

* -.

195

15%

35%

Nov

■

'

Dec

10 Yb

Apr

35% Sep v

50

27

32%

Jan

35%
>

40

.

Sep

..

Mountain

Fuel Sunfrly

12%

33%

Apr

51%

Feb

■: Dec'

Nov

53% May

3%
5y8
a46
a46
al2al2y4
35% 35%^

1,700

5y8

Dec

15%

50

43 Ya

Oct

60 J/2 May

100

10% Oct

20%

295

29%

42

National

Radiator, Co

4 ;

Oct

Jan

J&n
May

SSS,

1,418

10% Jan

13% 13%

100

16 "

—

->

oii&nG£re'e-rre±::—^ !1' 6l% *1*

Rentier

Standard Steel Springs

31%

41% Sep

60

Apr
15% Apr

Vanadium

40%

Westinghouse

Deo

26% Deo

Apr

; -

1%

1 41 v

,

01"common'™?1 til™™-—-*%

14% Nov

10

—

7%

1

8an^Tov Mining""77,1

-

•

Co

90

Feb

10; - - 41%

Pittsburgh Plate Glass,
Pitts 8crew & Bolt Corp;

,5-45
.4.75

20% ^

16%

Joo,

»

nay

M May
17% Aug

,

.

.

u/s Aug

Feb

26

Nov

14

Feb

43

493

£

f14

,

S'
"&££' '58

-f 16%

,

8% Oct

708

22%. 22%

,

..

4 Apr

Oct

5%

30

v; ::v.v4'4

--

HarM,on_Wa.kerRe'ractories....-,;

Jan

18% Oct

750

225

Oct

8% May
23%

V

25

19

11%, 12

11%-

-

:

-.•^-•.'-4bo*-:"y • 4'r High'•
25 ~ 10 Oct
11 Jan
80 7 16% NOV ;
31 .Feb

- -4

31% May

Mar-.:

2% Jan
-

(Or Week X'A-".
Shares >: ^ Range for Year 1946

Range
ef Priees

SalePriee

Jun

13%

S»le»_ XX'XZ-X

Week's::

V"I
XaX'

513/a May

;4 41
-

30% Sep

.

200

loy2

a24% a25%

5%

40%

■182

50%

;

950

al6% al6%

Dec

17% Sep

10

;

65

3%

-

Aug

i.'i

3%

16% ;
36%

89 %

3%

;

$3

33% Mar

52

"

46% Jan

fg

25
25

common

preferred
United" Gas Improvement:
Westmoreland Coal

Dec

1%

—

United Corp

20%

40 V

49

65

Apr

23

70
80

71%

121% May

Dec

118

'2

Transit Invest Corp common—
Preferred

114% Nov
17%

94%

47%

33% July

20

20%
7%

73%-

4, '.r,

;

36% May

Dec

26%

20

94%

7%

Dec

,

20%
^

*7%

;

24% Sep

1,218

24%

94%

——

Tacony-Palmyra Bridge—
Class
A participating;
Tonopah Mining

•

3

17%

23%

23%

common

Feb

Jan

33

110

.

27%". ;•

17%

11% Oct

.

3,289

27%:

;

15

.

117-

117

-100
50
Salt Dome Oil Corp——
i„,l,
Scott Paper- ———>*•—*
3%

Reading

11%

,

26%

—3

Philco Corp common.

Apr

87% Nov

310

a24%^

26%

•
•
~—100
*

Wire

9% Jan
Jan

: 27%

Sep
37% Nov

24%

11%

Jan

2% Sep

Sep

20 y»

4,727

■

Jan;

17
;

6% Oct

-

1,327

26'/a

49%

—,1

17%

Oct

1% Sep

232

■

25%

8%

Jan

May

"

6%

50-.

25'A

Pep Boys

70

,

10% Nov

424

21 Yb ■" 22 %J

-21Vs'

Manufacturing—10

80%

-

34% Nov

'

7V*:7Ya
1%
1%;

-7%i
:

55% Jun

40% Oct
Oct

--47%

3,578
59 *

<■•

*

10% '

10%\

"

■+.: a

4

396

50%.
-55 Y* a

38% -39%.

126% Apr

19% Oct

1,283;

24%

-

54

54%

;

26% Jaij

10% NOV

547

fjtyf-t.**..,■■ r.

;:4 5% •

Pennsylvania Salt

10%

26% Jun
140% Jan
y 7% Sep

Oct
Dec

6

10-

5%

9%

76%

i mvh r

42% May
200% Jun

38% Feb

17% Nov
9% Oct

4

495

89%

-

s

'

a49% "' a49% a50%10 Yb
10 Yb 10 Yb
a24%

-'•629

:
-

-

Apr

Nov

.

; a33
l".
'
Vt

4

22%
29%

34

•

27%'.

20%

•24% •; r ; 24

Power Sb

Power & Light
Pennsylvania RR

14% Feb

125

*

;

••

Range for Year 1946
-.-.-.•tOIS.v,.

38% Jan

Oct

20

~

Oct

Share*;''-:.

;

173%

: 171
;

H; :

""i

Penna

May

50

907

"4

•' y

Pennroad Corp

Jun

80

'4

Jan
60% May

"

Sales

*

High r

27%

Feb

a44% a457/a *

*

']

i

:

*

—

iiV :

Lehigh Valley RR,
——50
National Pr & Lt ex-distribution
•

18% May
119%

0y® Nov

19

Feb
Jan

26 ya

Nov

for Week

5%

,1

common,.

Lenigh Coal & Navigation

Aug

i

51

;

Oct

215

a39% a39% v
a32% a32%
6
6%-'?
al9% al9%

36%,

•

Kennecott Copper Corp.—,

Libby, McNeill & Libby

15%
10 y2

Z

♦

of Canada

,

3%

—4

X

preferred

Corp
Nickel Co

•

4

—

*;

:

.

—

4

'

-

^

•—

m

Corp

Graham-Paige Motors Corp
Interlake

;

5

Electric Bond & Share Co

^23%

"

,*•

1

Class A

a23%

V;V» w
4" 3% "

5

Corp___

•

"»

a23ya

Commonwealth Edison Company,—,,25; y
'

:vV

=

45

a26y« a26y4
li y2
12 ;r

a26 % ;

•

l2%

,89%

Light
—13%
Electric Storage Battery^—-•
Genera! Motors^
.:
10
Gimbel Brothers common
5

53% Sep

,31% Nov

250

9%
61%

202

Week's
of Prices

.

198

>1Q Ya Sep

,,

v

20%

I

•

Delaware

Vij

.

85

400

;

Pacific'Railway ,Co..y,'ya,■ 26]->;
&12%Al3
Case (J I) Col,—
4-^" 25 :'>:4r—v 836'% a36Vs
Caterpillar Tractor Co
*
>
a59 Va a59 Yb f
Cities

;

45

Canadian

Columbia

.3.

220

97
a37
6%

val9%

5

Corp

' r.' f.

v

;

-

Brewing Co-,

Cooper

68% Apr

".35% Oct

.297

20% 20 %
a23y2 a23Yz"Z
a36% a37ya
92
92 ?•?:

'

•'

Bethlehem Steel Corp

,

a39a40%

:

51% Oct

17

14%. 14% 4

100
25
*

Atch T & 8 P Ry Co.——,—
Atlantic

1,203

160% Nov

-

51%
39 Yb

2iy4 Nov

1,162
y 450;

;,y 4 Range

173%

13
r

Co

Curtis Pub Co

Feb

23

47% Sep

...

j■"■ }:'■ ■ ■' i--

a39

9

13% Nov

.380
4
44

—'
15% . 16 ?
a58% * a56y2 a597/a fc
r *173 ;
171 -173 *
i: 4, 4 a58% a58 % Z

'

60

Friday

.109

Works vtc

Feb

18c

i:4; ;4

Co...:

(III)

Oct

'

;,_25c

j"i

& Co

Oct

18%

-

v

T 22% Aug

17

247/a
26.
10y4 10%
a47% a5oy8

Jan

; 76% May

570

'-

Jan

36%

Nov

-55

-''27%";

TeL

Baldwin Locomotive

:v

4 31% Jan
29 y2 Oct
"Jan 5
■•'•x-41%' Feb' y •*42'
37
Sep ; 4. 42 y4 Jun

-

51 y4

54%

17%

16%

a50

—

Chrysler Corp

4

!'.V4'

30% Sep
30% Mar-

Stores

American

7

.v,;'

Dec

Sale Price

Unlisted Stocks—

'■

Apr

: 28

Aug

119% Apr
160% Apr

,16% Nov

y; Last

Bun; Oil 4 >*——;

Armour

160y4
; 20%

al8% a20%

#..

8TO OKI

-

68

25c

Anaconda Copper Mining

10

232

a53%a53%

.4

k? 24

Sep

615

24%
-

92

19%

a237/a a247/a

—

-

48% Sep

417% Nov

190

a94% &96%

al8%

.12%

-

-

al27%al27%

5

Inc

Motors

54
325

20

r/i*

34% May ?■

Co
.,,10
Cardinal Gold Mining Co,—,4,
1
Cons Chollar G & S Mng Co__—<
1

Smelting & Refining Co
_•
American Tel & Tel Co
————100
American Viscose Corp——
14

Jun

—

Feb-

49%

.

.

Jun

sc

-19C

_

-

NOV-

-

53%

: ;

■v

Black Mammoth Cons Mng

Amer

Aug

60%

53

50

20

4

18%

4% May
10

44: Mining

RAd ic 8tan San Corp—1—.*

July

67

May

4.4%

Amer

41

Mar

a24%

-•

Co A

Tel

Union

Western

'

Ltd

Sep

a59% a59%
a52% a52%

;

—10

Philadelphia

Imperial Development Co
Zenda Gold Mining Co,

33%

a36

5

Westinghouse Elec & Mfg Co,

20 y4 May

-Nov

,f

21% 22%
10%
11
72% -72%
25
2ft
9%
10

21%
10%

4_25
,4,-——* ^

of California—

nfcion* oil

:

-i

76% May
38 . July

55

a36

Aug

55

-

Oct

22

Nov

,

ll% May4

:

-

6

18%

22

,

July

65

13% Oct
% Dec;
■

49% May

590

20%

Low

13% 15%
20% 20%

:

68

Oct
Nov

-/ 52% May

Sep

—

10

Warner Bros Pictures Inc—

Jun

<yr,J7'; -,V W?S

50

Jan
Feb

64%

;

40% July

:

57% NOV
7%

Jun

July

45% July V

vv Nov-

52

57

47%

—

.,100

Lines Inc.,

Air

United Aircraft

Jan 4

45Va

;

371/4 -Oct-

;

al2%-al3% -S

■

-

-

Corporation—a .13Ys_
& Western Air Inc
5
—"

,4

Pacific Railroad Co

U S Rubber Company

2.70 F?b

Oct

Nov

38

—

——•

Union

1.50 Jan

Oct

39%

-

a43V8
56
.
8

.ranBamerica

Tide Water Assoc Oil

wiiivs-overland

37%-37% I
-a46,*
51 Yb $.
-8Y* -

-

—:

Jan
Dec

75c

1,10 Dec

38Vi-:28V2

s

,

Dec

387/a

} 80

4

70

—

*
10

Union Carbide Sb Carbon Corp..

.

33% 343A ^
31%- 3IV2 30% 30% f

•

-

8% Jan
97%c July

1.00 Jan

^

' ^1

m

Co Ltd com,—25 ' 33%'
preferred class B
—25 i 4;' w_.
class "C"
25:.^

Southern Calif Edison

Feb

37c
30c

15%

Jan

July

85

'

——25

Jun ;

1.75 Apr

Dec

2% Dec

18%

159

,—,1 \';4 20%'

Texas Company
Texas Gulf Sulphur Co

Umtea

87%c

40

Oct

a69 Va a697/a

a69%

Company,———————25

SWift 4 Ss

Oct

13%

,

,

'

Oct

233

.'Co30"";v4i 4
.
•erra.Trading Corp4^——25o
12c
11c ,13c
Signal1 Oil
Gas Class A,4,—444,—^4 * 85
: r 85
; 85 :
o*gnal Petroleum. Co Call!—4——.,.1 ■ ; -90c • 1.05 "Midair.Oip.'COm,-^..;..,,,
*4;;16% ; 16Va ..
Solar Aircraft .Co——„i—1
1 ,* ' 13% 13% \
;

11

V

18%

25%

105

Jun

; 2.30
4 42%

-a23 *
37 % -• ::39 • $
55% 55%<

—•• a* 37% '

.Roebuck. & Co—i

42c

y

Dec

7

a22%

Security

'7

1.55 Feb

Dec

20c

6%; '

•

(Ind)

28% May

Nov

a41% a415/a

&36%
:
,4

28

Standard Oil Co (N J)—

10%" §

■

6% -

■

a22%

Inc————1—„—5.

Safeway Stores

4

|4

a49% a49%
al4%
al5 .«
%- * %

■

,

9c

•

common,—,——al4%'
4-/

-.

Ryan Aeronautical Co,':

.f *

May I

V? 207/a Jan

■'

'

50

5,045

1.35

3%
v—

Mt Diablo

«a*rs

Oct

62 %c

95c
3%
60c
1.15
30c

■

—

Merchants

Warrants/

25%

;•

2,000

15%
1.30 1.50
,;ial8al9%
a225 a225

1.20

Oil Company„1_-_^^-w—~.,1
Menasco Manufacturing Co—
.1

'

Standard Oil Co

—15%

Mascot

■

f;>;

2,800

75c
20c
0% *7%

-

Mar,;

i" 4 Btudebaker Corp

67%c
* 20c

1.30
'• al8
—

Co,,,,—.—100

Lincoln

Los

195

33

Feb

-

722

a47% a47%
a36%
37%

,4

25

Inc___1,•

Oct

-jl'V':**•

V-;-"'-;-''1

'i!

b4r;v i, standard Brands

"14%

210

14%

;

20%
9

130

9%

-

46% May
52% Sep

311

-

Feb

47

Sep^
Oct

.

130

a28% a28%

a28%
-r 15

f-Z: Southern Railway Co,—*,--*>

> Jun' (
1.95 Jun >

1.00. DeC

9%

*
19

Republic Steel Corp
Bocony-Vacuum Oil Co

v:

100

Sep

80

/

2.800

:

1.35 ,

17% 17%
'
28
28

f

Intercoast Petroleum Corp,,
Jade Oil Company,;

-.784;

8?

.

1.25

v

—

.,,6%

common,

82

1

Co,——1 t >'1.30

Motor Car

Hudson

*

Oil Co A common,

Hancock

Holly Development

,

:

High

Low

High

Low

■

,<

.

194G

Range for Year

Shares

4.

Company

Corp of America.

Radio

for Week

Range
of Prices

Last
Sale Price
'

v-V

■'■■■3

Sales

Week's

•

;

33%
52

170

,

Nov

25

,500

a40% :;.;a40% a41%
a54%
a543/a a553/a
-•4 ;
a,v a23% a237/a
—*

Incorporated

Pullman

15c
13%

.

41 % 41%
7% 7%

;226

" 1% 1%
15c 15c
13% 13%

-Zn

400

60

4,600
50.

;

7Yb uct
1% May
15C Sep
33 Oct

>

_

120
.,

94

217

14Ya reo
2% Feb

' 60c Jan

24/a Feb

^^

^

"

Steel—35% 35%
—---*
-32% 33 /a
Electric Corp com—12%
25
25
26 ,

Alloys
Westinghouse Air Brake

48% Jan

32% Sep. „

32 Dec
gj ^
21Y4 Nov

;

46 Jan
J J J
39 % Jan

•

Volume' 165

Number 4559

THE COMMERCIAL & FINANCIAL
CHRONICLE

OTHER STOCK EXCHANGES
RANGE

FOR WEEK

ENDING

JANUARY 10
VrW1"

kv.

..

"

.

Friday

v

:

-

'

..

Magnavox

'•••'•

i

Par,

Co

"y

r,
J

s

t

:

-y.
*

y&i&Wi

1871

'

New

York

Louis

Stock

Stock

■..kk>- v■;
Exchange
j4k.:;-k4.vy.

.kvrk:}ikk"

Exchange

Phone
CEntral 7600

■.>.'yyVA'y v"V

Chicago Stock Exch.

Chicago Board of Trade
New York Curb
Exchange Associate

Q?

Bell

•

4k

Last

683

common...

Low

American Inv
common.-.—j£.
Bank Bldg Equip common.
Brown Shoe common

American

Oil

Burkart Mfg commons
•

;

7

'

'

'

Elder

•

-

Mfg

?•'

\

Brewing

General

•

Shoe

\4»

"•

.-V

-

7%" '

^

*;'■

r', Preferred

International

Shoe

r:

Knapp

Shoe

Monarch

common—_

<

17%

15

NOV

24

uv*
23 Va

Gas

68

'

25

2 Va'

Laclede

Steel.-common.....
Cement

Pub

,6erv"A"

39

Oil

.

•

y 32

5%

yy: 27

Oct

Sep
Oct

;

100."

10%

1

10%

70%
y 27%

5

28%

y

25

y:.:: 20 y/v

717/e

10

170

Jan

-"

1

•••

100
31

•

yi8.y..

18

42%

40

.

46'/a

16

.

.

1,389

Nov

jij't .-{.J,

Jun

•'! ■'

7

36%

common.

.25

y~328
1,179

55% /

19 Va

19% i

/

.25

•

3t%-

53%

.10

L.

American

33%

34% Dec

-'

48

33 Va

'•

50

'48Va

Jun

f • p.I -76 ;

"

-

; -*

;

»

,

\

.

Friday
lXt,

*'

•'

»•

-

t

'

\.

'
Corp

Aireon

'

»

5

*

Packing

Preferred

Caterpillar Tractor

Co common^

800

4%

Dec

17Va

5%

35

5% Oct

12Va

Feb

36

1,584

IIV2

6,454

11

10%

240, •240.,,»

10

.

200

^200

VU5^4 i '
95 Va

! 95%

•

.

It

95 Va

28%

1}
28J^

55

55

59

59

59

"

78c

11

78c

a88%

' 1,220

,.

,v.

57

.

..

80c

1,600

a88%*a92%

'

70c

335

29

30

325

28

10

27

common.s—-—'-*
—;
—
20

hi4 y<

19%

•>') '

'

7

t

/

32%
107%

108

.

^126

A 71

„

100

J

vl.'

v

1

W.J

Di Giorgio Fruit Corp A common——5
common..——

Doernbecher Mfg

Oil Works

Preferred

30 Va

32

616

8Va

8"%

*

24V2
46%

48%

8,

,

j)2%

15

15

Metals

General

Motors

u

Greyhound
Hale

Bros

Hawaiian

Holly

Corp
Stores

Pine

;♦

Inc.,

Co

Honolulu
Hudson

Motor

Car

Foods- Inc

Co.

*

&

Libby

Aircraft

footnotes

"

;'V23%
'

19'/4

17Va

■

?

258

..

37

page 246.




.

'

:

1.35

43%

19%

'

,

-

.

V

40

'

Viscose

28%
66

-

'•

Nov

Aviation

98% Apr
11%

Jun

28Va July

19%

1.25

1,450

6%

77/s

7,676

34

34%

35

35

'"

10 V*

18

19

625

y 270

35%

10 Vs

18

•

.

"

Oct

57

May

V

Sep

-.

'

;

58

May

-

19

Dec

I6V4

Nov

31V4

Jan

26

fe!;-'

Nov

50

1.00 Dec

7%

Jan

'jiv

11%

Jan

29%
36%

Jan

48% Mar

Feb

42%

Jun

Sep

45

Apr

Sep

•.•42%

Jan

'**■

45;.;, 7

.

1.10

Oct

69%

Jun

Nov

37%

Jan

150

15

Nov

39 Va

Apr

y

i"'''

Ov

••

y

,'

Air_____5

>

y

•_••......

20
.13%
a21%

.

20Ve

y

'|4 ;i

ly

22

y

Oil.y.4-—

102 y:,35
22
120
23 Va
23Va
:
289
a7l V4 a72%
325

Va

.

a7lV4

100 yy

330

1

,—

T

_L> 34 Va

325

a83% a83%y
II.' 11%

II

;

'

Nov

;

;

Feb

24% Aug
Feb

47%
96

,

y Feb

.

y,yi9 r

oct

27%

Apr

9.

Sep

•13%

Jan

Nov

376

Jan

•

: 320
30

Sep.,.

7:19%
10

44% May
',40
May

■y a._

230

y

_

■

108 y

Jan

805
50

T

28% May

Dec #

65% Oct

;j

y V.

23% TV

Apr
21% May
63 Va Jan

20 Va

117
341/8;y-«r -300;

22

24

-

20

950

330

33 Va

•-*.

___50: y 23%
100 Va83%
1 y"-

11 Va

11

<

L

ryocty

21

.

257, r200

25

'i

Oct
Dec

;■ 101:

...

.

25

y. 59% Aug

Nov

20%

i;

5 V4 July

Feb

.7 13

v.

" *~3,535' 7;

227/e

Oct

,

355y 7 17%

22

V>

10

42

.*

.102

22

23

:

.

y,y 102
v

1.05

2,014

.

13%
15 .y.;; 2,954
a20% a21% y y
75

22

y

.

'V-

20

,

71
.

-.

y y

,

..12%
jlo

nov /

a—

...

7 17Va Jun

Mar

:

r

a5%

May

.

y.;

10

13

.

59%

57Vs

al72%

3 V ;

6%

1,584

160%

Sep
Nov

50%

Oct

140

36

925

10 Va

85%

Oct

115%

Jun

6Va Nov

14%

Feb
Jan

...

,

;
.

15

a93%

220

,,

352

y

770%
200 Va

...

69 V2

Jan

5J Va

Feb

Sep

18 V2 May

Nov

37

12%

Oct

30

Sep

29% July

30

Nov

55%

y90

Nov

4%

Sep

111%

RaifWdy—-.a--—--25 ^:

&

'■•

ylll3^i 111%
al27/a

al3

Jari

125

y

'

a26l/4 a26%

yy

-11%y..

H7/a

24%

yC' 3%

'

24%

11 %

y 3%

40

,.

y

•:

12

309

Va

a52% a54Va

a26V»
,

a 13

:

a52%

..10

Southern...:

Edison

Co

of

N

■

Y_

*

27%

Consolidated Natural Gas Co
capital. 15
Continental Motors Corp common
1

a52%

50

54

26%

.'

?.;.y

22%
64

40%

Sep

y 12% Aug
31% May

Graham-Paige Motors
Nor

Ry

non

6%

%——5

23%
al6%

a55%

*

common

common

cumulative

common

Kennecott Copper Corp
Inc common

Marine

M

J

&

M

&

M

4V4

5

6c

36%.

y

*

,4

—5

Jan

Nash-Kelvinator Corp

Dec

National Distillers Prod
N Y Central RR
capital

32

36%

2.85

Feb

10 %

Oct

23%

Jan

5%

Oct

12%

Feb

Nov

28

Jan

26%

Jun

y:

a49Va

y

24 ^
8
18C

2^

>

y

:_;y;
•<

y

785.

y 74%

Dec

16

Oct

58% May

415

y 3%

,

;

•is

Dec

;y

600

yy

2.70

Dec

5%

280

;

29%

Oct

42%

16

43,

Oct

260

yy

42 V:

160

25 %

Dec

41

__

700

8

130

20c

2,600

._

Sep

•

2.40

•

,

59%

Apr

36%

Oct

51

Apr

37%

7 Vs

Sep

12

17c

Nov

381

58 Va

Nov

400

62%

31
C

23 Va

18

25

60 Va

51%

Nov

5 Va

47

' 2.40

Dec

51%

45%

:.i,

r

;

2.40

Oct

34
•

y;y;;25

/,y

/4

.>■;

20c

13 Va

800

212

a52

60 V4

*

.'158

36/4

a24% a25

8

.

-1

Jun

.

,47>y
.I.——,'kk

Co........

7%

2.89.

al5% .5 al5 ,4 al6

a247/a

y

Copper——5c

34%

6

2.85

'

—*

Cons

Ward

City

47%

21%

37 A y

a46%. a46 %

7

5

Bancoij)oration

Montgomery

Feb

Feb

410

al7%yyy

37

..

;

—a51Va
__'_*.

Matson Navigation Co.
McBryde Sugar Co___!

Mountain

Aug

35%

47%

1,192

y

25%

a55% a55 k

.1
4 V4
pfd——a46%

"Holly Oil Co——I—————I
Idaho, Maryland Mines Corp—1
International Nickel Co-Canada——-.*
Inter Tel & Tel Co

5 :

*

42
125

10%,

5%

25Va
al6%

;.'V

Co...——*_—..—37 ;y.

Goodyear Tire & Rubber

3

25

V

.kiy'p\h
-i—.—*

Electric Bond & Share Co.

'..General Electric

10%

'fkikl

Jun

Oct
Nov

450

yy

Feb

July

9 :•••;

2,140

3%

Jari

Oct

19 V4

180

27%

y a52% a53

5%,
.v.

Jun r

113

Sep

•

24%

7

310

-

24 k

273/4

10%

Curtiss-Wright Corp
,

Jan

Jan

107% May
10% Jan

Dec

16%

,

,

'

Consolidated

Jun

-

.

Pwr^'j^' pfdy27i,100..k 111%

Columbia Gas & Electric common—.*
Solvents
—-*

Commonwealth

Apr

Sep

18%

a91% a93% ,:kk.
140
5
5 Vs y._... 5,203
18%
19 Va
V
155

■

Jun
Feb

22 V4

165;

...

y y y .100
;yt *75

a36% a377/s

—ly tt ' -S
2V/2
19Vs

25

163

21 Vs."

15

a23Va a23%

;V a36%.

common.

4;:

..

6 %•«•;.,

;20%

a23%

5

common....^.-

47 V4

22
22%

i

x

6%

15

.-5

Mv-k

Nov

a95Va a98Ve

^OV4

:

—100

Sullivan

•,

a55% a55%
a39% a40'/4
y
14 14%
:

y,

Jan

Sep

;

4,440

.

yy al71 al72% y;:
-

113

Oct

10%
13

59%

100

Vy

10

y
-'Vy,■■:
—^———14 ; -a55% '
Mining—
50
a39%

5%

400

155

y'"15

Corp.——

Pacific

13

■

•

Inc capital
&

.a5.%' a5%

13
15

•

2.15

Sep

^9c
103

J

May

5%

Feb

Nov

25%

Jan

Nov

32% Aug

Dec

6

5

44

Feb

10

Oct

15 Va

Apr

Northern

19 Va

Dec

45

Jan

Oahu

Pacific

Sugar

Railway
Co Ltd Cap

.

;,16%

16%

*■['
_______—*

255

Sep

38

Jun

34 V» May

19 Va

—* \

845

31%

38

:

28

1,482

..y,** •Vj'/VV
«y•••'/, '}

38

28'/a

'

35% Dec

.

366

.

Dec

38%

10

common

17%

-

Dec

307/8

44 Vi

494
„

.

Loew's

i.io Decyy>: 1.90 Jan

10%

Dec

Va

Jun

261

..2

North American Aviation
North American Co common

67

.

'

Jun

Jun

Jan

1.10

lOVs

Jan

30'%

40

;:

' 35

6%

1

79%

Sep

Dec

.220

30

Jan

22%

1,331

Nov

15c

85

.1,599

May

^:.yl,56&

7

24

.

May

18

30

•,

Sep

Feb

22

.20% May

,

.

a22

common

-■;

Steel

Hill

:

19% Jan

,

Nov

Sep

31

7.19

38 Va

30

;•

;

495

.1

;/

*..10

capital—100
20

419/2

18%

10

18 k

;

40

32 V4

;;

32 k

19Va

19,4

18

»oi?

455

13%

2,261

20 Va

451

/4

150

15

9%

;Sep
Dec

35%

Jan

32

/4

21%

:

16%

25

Oct

37

Apr

*415

19 /a

21%

•■■;:'

16%

?i-,/

16%

Sep

35%

Jan

110

15 Va

Sep

26

.1

226

,

Jan

45V2

Baldwin Locomotive common.^.——*,13

May

54

1,720

•

44V2
'

'Commercial

-

50

|y

30

y

Sep

y; - 487
60,000

,

20c

38 V2

11% May
37% Jun

,

Dec

1,050

.

22%

43V4

38 Ve
; :

14

Apr

109% May
32% May

,19% Nov y
45

19

; 16c
38 Va

Oct

Jun

Aor

27

Nov

7%

Apr

72%
39 y

l

Sep

33 %

,

815.

45 %

yl8%
22%

20c

y

Corp

Copper

.1 Cities Service Co

Dec

Jan

1,200

y

y

common

y;h'■
California Oregon

'".Nov

9%

Dec

29

30

:

Western

Blair & Co

' Hov

40

Jan

Dec

25%

17Va

.y

j'y \

...

Bethlehem

Apr

34%

27%'..

34

*•'r."

Jan

16V8

'V; l,240

24

"15

15V2

Jan

340

1.25

30

*

>

Dec

29:

14%

"

17%

10

1,405

57%

Jan

25
•

227/a

•.'> 15

Nov

800

..

al.00

Bendix

411

.

28V2

41

1,962

1

V

;

149%yApr

48% Nov

1,555

' 30 <i
35V2

1.30

#

T1 27%;,;.

21%
;

..10
::

Corp....

see

V

•

Feb

40
Apr
109% J)eb

,

,

15

.21%

Sep

89

288
...

21%

"tjt''

Jun

90 Va

Jan
Jun

17 Va

100

•

.

May*

,

28% May
160

Sep

55%
33

1,720

36%l.....

45%yy44%

58

80
590

27:,,-

36

'

17

Jan
Dec

243

92"

T

Jan

26 Va

123%

•

Jun

May

5,000 ^

33

.

15V2

Baltimore & Ohio RR common
Barnsdall Oil Co capital

35%

Oct

26%
•

1,620

■

pesos

V

Leslie Salt Co—...

For

20

.6.66%

—

28Va.

1.35

Co——

common

"37

28V2
24

Mining Co——
——2
Corp common..
Langendorf United Bak A

Lockheed

k

—1

Kaiser-Frazer

Liooy McNeil

35

——*

IXL

Class B

30
34%

55Vs

20%

30

,

Corp capital—1—-l—_—*. 42%

Plantation

54Va

37

—*

Ltd-—>.

Development

Honolulu Oil

Hunt

common

54%

125

,

32

56Va

26

Sep

7% Dec
73% Jan

10

15

36%

Armour & Co (111)
common.*.—>—y—5 ; ; 14%
Atchison Topeka & Santa Fe
100 : a95Va
Aviation Corp of Del
—;

Gt

21V2

Gladding McBean & Co
:
—'
Golden State Co Ltd
common.—.—*
'

28
•:

11

109"

44

....

42Va Mar

Sep
.Sep

6

74

al.OO

23%
,

Sep
44% Nov

273

2%

74

f' 18%
fy 22%

Chesapeake & Ohio RR_—.25

400

2%

a57Ve a57Va

15V2

28%

19

1.355
>

g

>*

a23% y a23% a23%
10 %
10
10%
:

IIV2

1;

355
140

92

-

450

28

127

-

■* yal.OO

May

32

14% Jan

140

13%

28

124 Va

92

.

102% July

60

y

66 %

a207/a

Canadian

9

13%

28

-

37% Juiy

Mar

44V4

Jan

"14%

1,695

8%
92%'

28

Corp capital-—-—2%
Corp common——10
General Paint Corp common————*

General

882

Aug

Jun

..2

Dominguez Oil Co——:

7^

..28

"

48%

92%

8

,

25

—

•"

24%,'

8

-

32

40%

Dec

Jan
Jun

11

a21%

Apr

465

.

.

^4%

Farnsworth Tele & Radio common—1.
Food Machinery Corp
common.—,—10
Foster & Kleiser common.——.2%
■

30%'

32

8%

■>

.*

Emporium Chpwell Co common—

"1

30%

—5

Co——w—* 1

Dec

26%

_*i

Lines Corp,

';;~v

i<

Anaconda

136V^ Jan

Dec

„

Aug

18 Va
19 Va

'

..1

33%

,

Jun

45%

,■*.!: *' _J'

31

J,

47 %

Sep

y:' 26Va

5

Dec

.

Oct

38%

yy 2%

*

-

Dec

107

37

1,740

125

pesos

15V4

.25 V2
103

t?>

'

30V2

3,023

40%

/

■

20%

148
"14

-

'

y

v

Apr
May

2.15

28V2 Dec

v\

^nl2,007

108

6129
«

4

'

325

140;
71,700

32%

al26

K '

'

42Va

40

,,y^3% y;
■>••

15

Pacific RR preferred—*

American

Oct

Bunker

°1

£3%

58

.

May
.

41%

57

L10

American Tel & Tel Co...—>4..

-

Jun
<

80

16% Oct

;

.

Sep

31%

1

Refining

'
12Va May
?• 1 47%; Apr

Jan

11

335

;

30%
32%

22%

32%

-

'

30%

23

:

.

2nd;preferred—..——i.—*
1

100

19%

3232y4
' ••'
15%
15% ;15% ;

of Amer Inc common...—1
Zellerbach Corp common
.5
Preferred
i—-——*
»

V4 al4%

i9%

30%

Crown

•

al4

Oct

Oct

6%

-

35

„

Nov

HO

v

.

Sep

25

27%

,

240

79% Oct

29

"Creameries

El Dorado

Mar

27%;Dec
54 : Aug
54% Nov

'459

.

10%

10%

362

-

168

American Power & .Light..—y.—.—*
^ American Radiator & Std
San—
I^
American Smelting &

May

V ,4Vi Octi,.. .7%

27%

'

26.

-

29%..

100
100

7

525

Unlisted.Securities—-i
:American & Foreign Power,common._*

A5% May

-

Dec

50.-,* 82% Sep.-..100
,^9. VJSep

25

I

\

"

•

,

55

.•

Columbia Broadcasting Syst ct B—2%
; Commonwealth
Edison .—^—^—.25
Cons Vultee Air Corp common
——1.

B

Oct

9%

-

11%
11%

7

270

_^_1

Yellow Cab Co common

Jan

100

31

11%

62

1

—

& U

Jun

36

Galifornia-Ui---—--2^

Bank

Jan

17

32%

—25

;

Co

80c

Sep

3fi

1y^vu.." ' i'

Consolidated

Dec

9

11%

C.al—»b7V4

•"••,.

28c

32%

___5

Feb

High"

3% •"*

,

.Chrysler Corporation common
—^—5
Clorox ChemicaL
Co..3V3

Preferred

i

-

-

5%
-

Co

-7

Universal

•

Central Eureka Mining Co common—1

Coast Counties G & E 1st
pfd.—
Colorado Fuel & Iron

J

---*

Lota

y"'T 880

61%

"...l

——

•?

J

Victor-Equipment

Rarige for Year 1946

"2%

50

—

—

-

-

Shares

5%

35%

Corp common——•

——

forWeek

2%

Calavefaa Cement Co common^V—1—•

■

'•

'. Western

High

1,630

^3

7.50^'$'y>;;33 ■'?.«

Sugar common.iL.-.
Western Dept Stores oommon

"

240

Preferred ——J——100
1 California Cotton Mills
capital—^—.—5

v

''.**■

> i,-

Pacific

Wells Fargo
West Indies

*

V

California

RangeLota

Engine——2.50
Bank,of California N, A————100

.

'.'

•

United Air
U S Steel

|||"

-Sales

of Prices.

Par:

.

——
50o :
Alaska Juneau Gold Mining Co—10
Anglo Calif' National Bank
——20 ^
Atlas vlmp Diesel

.

Week's

yyy-La»t
=
Sale Price

...

Exchange

30c

,12Va

36

common

...

kktykk

yy

•: 27c

'

62

100

Vy, Class A preferred..—.—
■;, Union Sugar common**

y;.

San Francisco Stock
'STOCKS

,::'y.

(■

May

-

40%

_

Oil common..

Corp

J

46

30c

Sep

—y
74
*
a57Va

Inc common.^

Union Gil Co of

> 73% July
y:;;24%Jun
Sep f/y 33 3A July

'

.7

27

*

Nov

24

y

785

...100

—

I Transamerica
Corp
Transcontinental &

;

Oct •y

16%

19

•

30

32%

^

y Tide Water Ass'd Oil

--

'"

Jan

29%

27%

41%

r

T common.....^—*

Standard Oil Co of

1 /■■$. r.v -y/yijK'f /A 7 f-.p
common.

102

103Va ->103% 104%.

Sperry Corp common...;
Spiegel Inc common
!
Spring Valley Co Ltd

y19% Oct
•>" 49% May <

,

34% Nov

•••'

■

Southern

Jun

-

Oct

7

Southern; Calif Gas pfd series A——25»

:v.-: I,y;y ;y:' y

?y

.

Jan

80

*

.;Soundview Pulp Co common*.,

Jun

46% Jan
16% Aug

Dec :y

65

y. .' '.'..95 :7 18%

Union

Feb

50

25

common

15

87

11%

i__*

& W Fine Foods Inc:

Shell

30% Jun

Dec

?

Bros

20% May

Sep'

11%

-

common..'—_♦

Co

Oct

9%

25

—

...

ySan Mauricio Mining
j—i-lO
■Sears, Roebuck & Co capital—

Jan

30

v

:

common

common

Petroleum

Oct

10%

86V4

•

25

common

Safeway Stores

,

7 Jun

9%

.

19

.

175.

32

v

)s

JaA;

••y-..yi5"'yoct^
f-

J

25

-

preferred

V Roos

:

'S'.'t'V-ryV'

common—50c

Jan/'l

50

Dec

19

82

p

,

-

y.yy::52%"Janr.

Dec

12

435

21

tk-'-"-

Motors

•

Houston

Dec

yyyy yyy/

•

125

23

21

common...

yRheem Manufacturing
Co_y——1_.
Richfield Oil Corp
common—

' Jan

"••'-•'-y' 8

Oct

14

1,520

-6%..

23

32

36% Oct

14

.unlisted—;
Electtfc-

2%

25

11

«%

;
v

Apr

28

7

14>/a

14

20

22

:

$2

Republic

12 y4

25
170

10%

5

Ray Equip & Realty Ltd pfd
Incorp common

fj>;

--Feb

"

1,185

-

..

10%

86V4

——

P &

12%

2.90

-

30

____5

:

Rayonier

•

-

115

88 y

14%
; 11:

com..—25

Scruggs-V-B Inc common
Sterling Aluminum common.—;
St,ix, Baer &,Fuller com new.
Wagner Electric commot

General

'.,155/,;..

.

&■*%%$$$

38

100

Rice-Stlx Dry. Goods common.—;
St Louis

General

25

31

;

„5

commonr—.

"-Missouri Portland

North

33%

12

all% all%

,

: Dec

'

10%

__5

com

Phillips Petroleum Co capital—
Pig'n Whistle conv prior pfd___;

26% Aug
41% Jun

55

*

com.-

Laclede

Light

13

12

all%

"

...

yPuget Sound

26%
•
160
3%—-3,-155-

12%

dividend

Paraffine Cos

Feb

'

.1

Rights

Feb

—,

.y

Jan

10

American Fisheries

Pacific Tel & Tel

Feb

UVo

(new)—__

Laclede-Christy Clay Prod

6% Nov

'

35 Va

33 Vt

•

common...—

com

Jun
July

24

10 Va

r

Johnson-S-S

Aug

45

•

A.

——:—-——100

'

10

',
;

Nov

—;

*

com

■

•;

24

23%

1

...

8%

Filters., "B",

Pacific Public Service
1st preferred

^

common...—__—_—.1

>'•;.*/->

15% July

' i.;

Dec

26 Va

*,

common

Mar

33 Va Dec
15 1. Dec

7%

$5

High

26%

Hyde Park Brewing common*,....——4
Hydraulic Pressed Brick com.—.—100

v

97

145

:

tf:

*

•

36 Vs

16%;

Jun

Dec

;

Petroleum

United

5% 1st preferred
Pacific Lighting Corp

•

17

—1

Griesedieck-Western 'Brewing

•

•\

10 ;

1

common

Falstaff

•

'*•

11

7%

35 %

Brewing; common—.———-5

'. 1

27.

i6%

Century Electric, Co..—.1
Coca-Cola Bottling common

Columbia

Low
'

1

;<<

Range for Year 1946

75

29%

100

Cons.

1st preferred
5%% 1st preferred

**'

V

Sep

:__1

common.

6%

Htah

Jun

23

100

Pacific G & E Co

Shares

42%

•

Invest

preferred

Oliver

for Week

of Prices

Oct

,

American

Occidental

Teletype BL

Sales

Rang*

Sale Price

29

3%

North

Exchange

Week'a

Aug

800

26 Va

common

Pacific Can Co common
Pacific Coast Aggregates

Friday

19%

33

3%

.yy.,

St. Louis Stock

Apr

32%'\

26%

Pacific

STOCKS

13

10

6%

High

335

.1

y

Low

15

33

North

.;

,.

Range for Year 1946

15

5

National Auto Fibres
Natomas Companv

•'•

Shares

High

15

Menasco Mfg Co

300 North 4th St., St. Louis 2, Missouri

t

'/}■':■:V.-!'■Members
St.

Established

:

for Week

of Prices

L010

.;

.

Calcul Machine
Meier & Frank Co Inc....

Co.

&

■

1

Marchant

Edward D. Jones

Range

Sale Price

.

•

Sales

Last

8TOCK8

St. Louis Listed and Unlisted
Securities

Week's

m

[THE COMMERCIAL' &
tVeek's

Sales

Last

Range

for Week
Shares

of Prices

Sale Price

Week's

Sales

Last

Range

for Week

Sale Price

of Prices

Shares

Friday

Friday
STOCKS

Monday, January 13,-1947

FINANCIAL CHRONICLE
jt- -

stocks

<.

Par
Ohio

Oil

Olaa

t;-a23%I

common—

Sugar

Packard
Pan

Co

Co__:

Motor

American

2.5d

Airways—_____

Pennsylvania RR Co_.

—L.

3%b
__25

12%
30%

315

30%

245

a26

445

Co

—

26Va

27%

483

Pullman Inc cap —i—-

:

Pure Oil Co common...

133

65 55%
a23%a23%

214

.

•

a23%

j—

Westates

West

-

/,.;.V:,-/i•

■.•

;

30%

30%

High

Low

-4 34'
-34'
a31% a31%

-

Sep

.

39 % Jun

30% Apr

32% Feb

Mar

31% Jan

30

30%

—25

Petroleum

5

1

common-

f. Preferred

Republic Steel Corp commoiLi.
Riverside Cement Co A
Co

34-"

Warner Bros Pictures—

Corp of America
Radio Keith OrphCum common.

v:/7...

;

Utah-Idaho Sugar Co common-—

lOO

Radio

ShastsC Water

.,

a31%

Range for Year 1946 V

30

United Aircraft Corp tommon,.wa.i.-5
United Corp of Delaware
i
l
U S Industrial Chemicals—
——

405

40% ,.40.%
1%
-. 8 ?

-.20
"7%
—55 %

S

•;

High

Sterling Drug Inc common————..5
Studebaker Corp common.—————.1
Swift & Cb capital:
—25

12%

40%

i

Mill

.

$25%

>

.21%

—.

Pioneer

w-ii—

Low

•

preferred__———_25 f

5% %

585

--25
._25

common———

6% preferred

E

Standard OH Co of N J

30%

a25%

Pepsi Cola Co___
Phelps Dodge Corp—,

Sb. CaV Ed Ltd.
.

200

6%

6%

12%

1

—50

Paramount Pictures common—.

135

a23% a24%

6%

V

common.—.

*,

5

20

.

__

Co

High

Low

"

,,

-l

Coast Life Insurance—

5

Western Union Telegraph AiL---—i—*■
Westinghouse Electric Corp com—12%

_______

Sinclair Oil Corp——'—;
—.
Socony-Vacuum Oil capital--.

Woolworth (F W)

Coinmon-

-——lO

CANADIAN LISTED MARKETS
„7„ i'

RANGE FOR

/WEER ENDING JANUARY .10

-

i '

,,.

<

Montreal Stock Exchange
Funds

Canadian
:.'

'yym-

'■

Friday

.-

■

•

-

.■

blOCKS—

Week's:/•

Range

Last

■

Safes.

...

-

for Week

^

Range fi

Shares

of Prices-

Sale Price

y;00yyy.':yyyhyyy y,-yyoi^-y0ty

LOW '/■:

,
-

i*

Abitibi PowercomL—

"

preferred
—20
$2.5ff prior preferred——
20
Acadia^Atlantic Sugar A—
;£*
5% preferred
,wi.—
100
Aleoma. Steel
Aluminium

ftrimmnft

:

—

24%

Electric

199

27

27
15

15
8%

; 6%

:

y-:/;;,/

■

8%
1.90

2

27%

28

£

Mines-Ltd—

23%

-i*
ForCst Products—•

Columbia

*

Bruck

611k Mills—

Calgary Power
Canada

cnmrnon

!_■♦

^

•

30%
26ya

23%

19
19

*

__

10%
15 "
48
25 %

ld%

kq

48

,

Canadian Breweries common—

;•

25%

Canadian Car & Foundry common

,*

14

Sep

77

48
26-"-

•'

50

"

July

Jun

14% May
;'

•

22%

4,53.
t

185
483
62

29

98l

•

Feb
Apr

16

-

Oct

29%

4,425

14%

Jun

31%

270
865 '
305

15V4

Feb

25%
'

23

^Sy
85
25

-

19

14%

4,015
--*635/,.
60

45

19

—15

Sep

May

45

77

19

Canada-Northern'Power Corp.1

jan

2%

.•

23% Jan

19

Canada Steamship common—
5% preferred

21

315
110

u*

common—

...

20% sep
2% Sep

1,683

515

——*

Foundries

Preferred

Oct

31%
16V»

Class'B—45

Canada-Iron

Get

10 y2

19 %

30%
26V2

83%
30%
26Vi

—100"

Sep.

i76

-275

75
20V4

75

;

^

preferred
^
1u.Canada- Forgings class A—

Dec

sep

29

16%

100

—____.

.

Cement

3i%

__5

$1.30

'

29

;•

Sep

23

575

3

Sep

6%
1.15

285

3
28%
31%

-3

•

-

Biilldiht Products elass A——
Bulolo; Gold Dredging-—i..

15

13,160

29%

29

—

.;-.-;Class.B.-—

26% July

150

23%' 23%
3%
4

■

4

British Columbia Power Corp A-.

Sep
Jan

130

456

12%

188
12%

Brasiti&n Trab Light ft Power—
British

16

18%

22%
189

21%

22%

1&8%

—_*

Sep
Jan

103

1,316

A; Paper class A——*

Bathurst Power

Sep
July

■'

19%

250

<*

•«ai • TWephon#.:Irilf

35

445
10
920

27%

v

15%

1,495
114

1.90

Cnrp

Bralorrie

f

,

21 '

__

*

Warrants

Akbeatda

30

6,820
50
325
-20

202

199

-pfd—29

Corp

common**

Argus .Corp
^

—

22%

■

..—t>v

Ltd

Alumlhtim Codf Canada 4%&
Amalgamated

19% 5

,

«

-

,

49% 2d%
19%' 19%
37% ; 37%•/22% 23
105
103%
.23 •
24%

19%

$1.50

20

Class A

Canadian Celanese

7%

Preferred

18%

—

59

•

common

'

42%

13%

'

100

Canadian Converters class A pfd—100
/
Class B common—-———
.*

17
13%
40 '.

—

17

*

19%
60

42%
17

.

31

Canadian Foreign Investment—35ya

35%

35%
15Vt»
14%
35 Vz
18%

945
1,331
125

14y4

common-—:

Prefei-red

;

__25

^

31%

14V4

I4yj

•

14'/4

14

Canadian Locomotive

*

35

35

Canadian

.*

—

Canadian Ind 'Alcohol

common

.Class B
Oils, common.:

Canadian Pacific

Railway—L—i

18
13%

-

13%

29

44y2 May

/

2Q

60
,485 7

13.

13V*

88

,42

42

42Va

t.

30%

30%

11%

11%

26% May

25% May

/

18% Dec
24%

Feb

19

Apr

102%

280
315

Class "B

—

class

—__

Distillers Seagrams old common

17%

—*

Preferred

-

100

Jun

Dominion Dairies common.*———
Preferred

Preferred

100

Dominion Tar & Chemical

27% Sep39% NoV

51% July
41%

31%

35%

Feb

37 y2

Jan

Feb

'

42

35%
14%

15
767

37

12% Mar

23

May

26

100

21%

28 y*

May

14

" 26

'

.

Nov

Jan

Jun

32% Feb

26

26 %
26%

675
1,485

—

25y4

25%

1,090

26

May

»

93

93

.598

120

May

184

184

94'%
184

preferred—100

—

100

—

20

Electrolux
Enamel

Heating Prod—

A

1

20%

—
.

.

;

Power common———..

11%

General Bakeries

General Steel-Wares _•

18

*

Goodyear Tire pfd inc 1927^_
Gurd
(Charles) common

Gypsum, Lime & Alabastlne—

;_50

..

.

*

I3y2

•

11%
18%
25%
18

16 y«

15%

8

Bridge

Howard Smith Paper common
Preferred
i
T_—

100
Hudson Bay Mining As Smelting—'——*

1

..

42%.
12%

Imperial Oil Ltd
•
Imperial Tobacco of Canada common_9

:

14

■12%
7
14

34

Jan

Feb

14% Jan
105%
110

Cutika Funis

Jan

;:v-

:.Jan

Glove Works
'Atlas Steels Ltd—
Auto

1,072
60
i; 185

Industrial

£1

—

Acceptance Corp com

*

Bronze

Preferred

common:
—...

—

*"

For footnotes

see

page




246.

__

.

v

—

8

-

Belgium Glove & Hosiery com
Brand & Milleri Ltd A_i____—
British American Oil,Co Ltd—.—
British Columbia Packers Ltd ci A.

,-490

1

1

30%
106

26

521

8,

30%
106

26

.

'

^"

lO ;

37

38%

110

36%

37%

4,930

Class B._—i--A-«-r
British

61
' 10

•

II

g%

8%

10%

Columbia Pulp & Paper Ltd

-•-.•Preferred
Brown

'

Company

Preferred

-_i

common
—

Butterfly Hosiefy Co Ltd

——

*100
2,850
10

11%

5%

"

Co .Ltd. class B—•

Bathufst Power & Paper class B—.

/

4,622

/ -

14*.'

38

25

International Nickel of Canada com—♦

'

^

100

Preferred

International

__

'<

-_

5%

•

:

'"""7%" V
11%
3
27

.7
7%
11% 12%
2%'
3
*

26

2.7

Range
Lou

High

,

■

Preferred

Fabrics

,

Lid——.

Shares

of Prices
L6H

Acme

/Sates f.

for Week

Range

Sale Price

STOCKS-

■.

.Week's

Friday
Last

3% Sep

350

8%

13

16

22% July
v.

2,520

29% "J >'
53
53
42y2 44%

,

Apr

May

5
150

.

27 Ve

28

•

'

.22

7,7.75
1,045

-

Jan

22 % Aug

90
20'

16%

Aug

24

19%

180

;v

Jun

107

25
595
95

-

,

%

184% Aug
;

255

17%
:

5%

__—

.

110
110
110
110
'4%
5%
17y2
18
55
55 v
13
13%

110
—

18

25

18

•

—lOO
100

18

28

85
25
2,587
495

,

■

18

11% '

Famous Players canad Corp.
•
18ya
Foundation Co of Canada.—25

5%
preferred——,
5%%; preferred—

18
21

17%

.,

,

25

103% 104
20% 20%

20%
17%

'

•

—^

conv class
Corporation

Hamilton

.25
230 '

26

••

—

Eddy Paper

Gatineau

155

33

i—.100

Paper W/0

&

32
^

26

^

Dryden Paper

Jan

Jun

14 y May

Dec

9

35%

26

Dominion Textile common——

Bros

13% Mar

26

—

Preferred

45 Va

23

Oct

31

Jan

41

14%

—

Preferred

Donohue

119

10'A

33

■'

—.25

common

—

Donnacona

Feb

July.

;

Dec

106%

90

1,085
265
2

Jun

16

30

Sep
Nov

~

32

'

100—

—_——

11

16

33%

Jan

10'A

32
—

Dommibn Steel A Coaf class B
Dominion Stores Ltd
>

VtC

'

—

35

&

Dominion Glass common
«

_*

Steel——*

—

Foundries

33%
—

May

50

29%

15,831

17
19
107% 107%
33'A 34
15% 16

—

Dominion Bridge
i
.•
•
•
Dominion Coal preferred——29

Dominion

-

May

f, 46

.

■

610

A——*

Davis Leather Co Ltd

♦i

Jan

53

-

983

11,^'*'r/

Jun

31% Aug

210 7

86

'

*

July

49

50; :

86%

■

Jun

14

6

25

Consolidated Mining & Smelting
8
Consumers Glass—.
———♦

Cockshutt Plow

Aug

78

3,279

Cottons

Jan

22% May

25

13%
40
31%

Canadian

Jun

20'A

•

.14-

Jan

y2 Aug

r^

l;128" "465
.2,625
650

for

tear 1946
Hid*

Volume

165

Number 4559

THE COMMERCIAL ft FINANCIAL
CHRONICLE

CANADIAN
RANGE

Frlday

Week's

Last

STOCKS-

Sales

Range

Sale Price

•

Canada & Dominion
Sugar

Canada

Canada Northern Pwr .7% pfd
Canada Packers^Utd
class A_

Co

'

:

'

'

V

03";,

-,--100
1

Canada Vinegars Ltd——
Canadian' Dredge & Dock. Co Ltd
Canadian Fairbanks-Morse

'.39>V

-*t

;

7%

preferred

_

•

15%-

180

37.

;i 20

Marconi

—100

16%

16%

J.

21%; 23%

i

190

>

Company

'

•>'

v

*

f'A.yv

•

65

Canadian Western Lumber
Co
"Westinghouse Co; Ltd

27/e

2

2%

'

178

.

12%

51

Ltd-—T—«,

—1
—*

Corp.—

May
Jan;

20c

Pato

Apr

'

575

4'%
44

.44; f

•

Rochette

Apr

40

*

40

37

13%

17%

.

"4"X
4-:r;;*C.xi
^'*?\
Eastern HteeL Products
*Ltd...^—
Mills Ltd preferred—20

v; .295.

37

13%

18

*

:

Dec

45

i

.15

July

L

6%, convertible

24%

6V*l/c

Preferred

A4

9

jr.?.

lr

f

,12%'.

r

103

6%

:.—10 .fc-;--l—
Paper Co—
0

14'/2

■1,165

70

12%;

350

Southern Can Pow 6%

pfd—!—•
Southmount Invest. Co. Ltd,

% Thrift Stores

United
United

Fuel

Inv

A

.

Aubelle
'

*',

60

115
24c
.14

100

*

.yj

.

Mines

19%q

Cheskirk'

28

Jun

Dome

Mines

1

East

Elder

3,000

27c

Canadian OIL.——

Sullivan
Mines

.1
1

Goldvue

Ueva

43

*'

"

—Mc£

For

footnotes

'

7

•

9c

5,500
1,000

3c

4,000

y

1.00

9.25

•

10

May

1.85 Aug
25c

Jan

54c

Jan

1.03

4,900

9.25

1.20

19,000

12c

Apr

May

•27%

18,000

90c

•

Dec

2.40 Aug

Oct

38 Vic Apr
1.36 Jan

f 90c
Sep
8.00 July

530

: 1.03

Feb

26

103

230

1.00 July

13 %c

2,500

9.05
.

.

99
"*Aug
129% Jun
26% Sep

17,983
:

1

^—

10 %C

•

7%c

7%c

8c

3,700

...1

53o

53c

55c

2,700

13

13

•1

Nov

8%'

Feb

1.95 Jan

VVi

45

1.60

1.90

1,688

X

26c

1
.■

90c

UC

Hardware class
-

28c

13,900

5,000

15%

19c

19c

30c

32c

"

45,300

15c

Oct

Jan

Apr
3% Feb

Mar

20o

Jan
Feb

102

Oct

68c

395

23c

30c

—-—

85c
12

•

•

Dec

9%c Dec
12% Mar

Mar

24%
-

1.00 Dec
22c

Jan

23c

Oct

92
-

,30c
,

Nqv !/i

6% Nov

13,600

92c

|1C

88c,

July

ff 9

4

-

Astoria Quebec Mines.

Mines

25c

10 Vic
14%

-

•

July

6c
48c

;

850

95,

7o
r3

500

8%

93%

—-1
A——
-10

Mines———

Mining
-

13

8%
93%

•

;L80

Gold

—

10c

X

—m. mm—

rn

Yellowknife

r'

55c

"

62c

Jan

Jan

18

Apr

87c

Feb

1.70 Apr

July

a

'

? 25c

Mines

Steel—

Atlas

229,300

f

25c 26%C

11

——

Aumaque Gold Mines—
Gold

Aunor

Auto

Mines

:

—

29c

16c

10,900

11%

2,125

8%

.

Fabrics class

if 28,900

25c

75ci

20,000

50c

Apr

55c

;

.,

Oct

4.80

2,426

12

,12

5%

,

5%

Dec

Jan

10% Nov

,

46c

.5%

,

;67c
4.30

67c
4.50

—

Class. B—

-

9%

30c

AUbelle Mines Ltd

t'yt

Mfties

54Q

35c"

:.

Dec

11

1.55 Feb

iff 5

7.25 Feb

Oct

"650

;

1.02 Apr

7:v

July
3.80 July

10

;

1

7C

Dec

12% Aug
.•< 6% Aug

13c

26%

.38%

:

43

Beatty class A—'—,r——

Class

Deo

July
Deo

26c

Aug

4,000

3.50

420

1.60:

3.40

4.65

-77c
34c

■

75c

52,400

1.09: 1.11*

'IZj'y}

17%

-200

•

780':,

3,850

340"

.

Dec

July

2.25 July
-

2,000
500

••

B

class

—1 J"

A—.———*
———_*

Jan

49c

Bidgood

Dec

49%c

Biltmore

Jan

v

43c

.

;

70c.
32

3,300;
13,600

...

1*85
5

Kirkland

61c

Hats

common

60c

Sep

1.45

Apr

390

33c

Dec

75C

82c

r

;.1,500

58c

VV1.36

1.45

Jan

13

14%

75

12

Jan. '

14%

Jan

,..21 Vi

22

100

21

Dec

24 %

May

-^13%

58c
2.05
35c

1.15

American

Oil

Forest

$>.;■ Class B

July

45c

Nov

;

Jan

10

Sep,

10

55

Sep

61

-.14Vic

6,416

13c

Nov

30c

———

39c

'•>.3-:>
23%

12

'23c

2%
23%

27

=

25%

•

3%o
15%

*

7%
29

23c

2%

27

r'.S

30c

Sep

■

Jan

Dec '

18% Feb

Jun

30%

Sep

26c

Nov
Jan
Aug

28%

Jan

5c

Jun

25

1,310

3%

Sep

2%c

Sep

150

13%

Sep

a

120

6'A

Oct

29%

>•>•585

-

Aug

39 %c Jan

15c

>5,960

15%

Feb

20V*

6,000

4c

f

Dec

July

10V*

,2,010 7
/> mi
1,315
24 H
1,570

,

55c

July

7c

10c

2,000 f
16,200

12%

21c

•

30C

1,500

9c

8c

14c 16Vic

12%

—*
—

14% Oct
Nov

5

59

9c

British Columbia Power class A

•

British

•

16c

1

41c

-—1

1.34

*

4.50

Dominion

OIL.
Broulan Porcupine Mines, Ltd
Buffadison Gold Mines

Apr

90c

Dec

Feb

Buffalo

Canadian

65c

Apr

Buffalo

Red

3Vic

3,115

3%c

Dec

9c

Jan

Building

7 Vic

Burns

450

16c

May

1.04 Dec

15c

14c

Jan

19%

2,900

72c

July

4

13%

^;4vf.38c'

1

Jan

Sep

81,300

8

Dec

47c

'7 17% Jun
7.11% Jun

;

Mar

Sep

13o

Dec

42c
•

59

15c

*

Columbia

Dec

90c

23 Vi May

v

22

•

—

Columbia Packers class A—

10%

9c

Feb

1.45 Jan 7

13%

—"

1——

British

Brit

26c

87c

-

*

W Brewis

3.500

1

Dec

Jun

15%
,

II,400

Brazilian Traction Light ft Pwr com—•
Red Lake Mines
1

Sep

6,720

I

17%

Dec

Aug

22c

1
.'

11%

3%c

7Cc

May

21c

common——-—--———*
preferred———————50

26c 27 Vic

10%

7.50

v>

216

Oct

21c

.*."

—

.

170

200

:

Bralorne Mines. Ltd
Brand & Millen class A

Jan

Dec

July

2.65

11

Bonetal

Oct

49e

Nov

May

46

Nov

10,700
45,100

Gold—

Preferred

Feb

Dec

Aug

51

Jan

32c

47c

Boycon Pershing Gold Mines

Dec

6c

Jan

31

:

97c

Bonville

13c

11c

8,200.

39 ;

30

1.64 Jan

4%

Jan

32c:

20c

Jun

7% May

Sep
July

89c

Feb

Sep

500

Jun

21

Sep

Dec

28c

42 %c

;

Nov-

5,100

39

Feb

43c

Idooje Mines Ltd......:

50c

16c

Apr
July

97c

Aug
Feb

99c

25c

40

1

Mines

Dec

45C

:

Jan

Oct

Feb

32c

:

Feb

27

1

—

Gold

British
15c
86c

43

43

4%

—1

River——;—-—

Berwick
13c

•••

4

57c

170

12c

'

>18

25

71.750 |

18.

-

Bertram- & .Sons

NOV

58c

-24c

Jan

July

7 VicJun

155
y:

77c

18

Dec

,10c

30q

7

100

Class B

July
July

:

22

21
7'Oc

32%

1,100

11c

19c 19 %c

;

22

70c

78C

22c

20,390
15,000 f

510

3,500

8.25

2,500

:

40

7%c

78C

124,300

18c

295

8.25

23C

15C

39

21%
32%

'

jBeauueu' YeUow toiie—

Sep

'446

955-

7Vic

*.

12c

1,899
"

38%

——.—-i

Hear Exploration ft Radium

NOV

-117,700

38%'

40

of Toronto—10

14c

26%

Berens

5c

5c

13c

25%

15 %c July

15,300

Bellcterre Quebec Mines------"——-—-1

13c

1,400

21c24%c

Oct

44c

1.60

"f:

■;

23c

10

Bevcourt Gold

5%C7

28c

f/fi;

———X




16

1,310
i.

Dec

20c

38c

246.

25

I,328

190,100

page

July

"42

;

Nov

189

30c

9c

25C;; 31c.

16c.

iz

see

Apr

Apr
Jan

"107

Jan

July
Sep

187

16c

—

,

Dec

19c

Hell Telephone of Canada———100

23c

.

28

92c

f 10c

275

300

22c.

82c

Mina«>———
Jollet-Quebec Mines Ltd

1.13

Warrants

Athona

Dec

15c

jLiaae

1.00

?•

Blue Ribbon

26c

f

Zollinger Consolidated Gold--—
-I
Hudson-Rand Gold Mines
Ltd——1
J-M Consolidated Gold
Mines Ltd——1

$

•
1
—

*• —

Ashdown
.

May

July

50c.

Ltd—.

Gold Mines

21

40%
24

*;

Sep
Sep

103

-

11,200.

9c

19c

Ltd——

Mines

Sep

:.

43

37c

526.

Mine*..

Mines

•

High

22% Jun

Sep

19%

1,650

i

39c

3,000

5%C

Pound Lake Gold—
Ooldbeam

23

15

35%

,

;

"

Mar

6,500

12
23c
••

41

10,500
1,000

9c

Forinaque Gold Mines Ltd

Goldora

24%

12,

-15-

35c

9c

9Q

Ltd--———.—1

Fontana- Mines ,(1945)

20c

-

19,700

—

——

Arntfieid

'

.1

Ltd---—

14

-65

1.35

106 106%

41

9c

*

Eldona Gold Mines Ltd—.
El Sol Gold Mines

32%

1.25

106

•

370

39c

33%c33%c

——"

Mines-—

Range for Year 1946

440

1.34

—

Armistice Gold

Dec

19c

•

1

25

23

Class B—---_--_i.--V--.--r'-**'-'*"

30c

39%C

A

Ltd——:—-r-~'

37%

22%

16c

Base Metals-

37c

3c

...

Ltd-;

Donalda! Mines

19%

37%

1.84

Arjon

22% Get

Oct

53c

——

Jun

>

3,777:.;
3,045

1.57

Bank

35c

9C

Ltd-

—

19%

Bank of Nova Scotia-——-^—•——.10

8,000

22c

.1

Mining

19%

20%

15V2C

Bagamac

23<?

9c

1

Mines

1.00 Aug

Lou

19%

1.60

May

19%C

9c
„'

■

Cournor

25% Jan

Shares

1

,

May

5%C

Cortez Exploration

lie

Oct

for Week

1

July
May

Jan

80c

30c

1

Centremaque Gold Mines Ltd—
Century Mining Corp Ltd

Dec

Va c

14

LowHigh

Corp Ltd common
•
Preferred ; --,^,.4.—100

Jan

2;300

—I"

Mines

Sales

Range 'j.

19%

Argus

Dec'

*1.33.

37c

Cartier-Malartic G M
Cadillac

Dec

4

400

Atlas

1.30

Brazil Gold & Diamond Min
Corp—1

Central

Feb
Mar

50c

of Prices

Sale Price

27%

ArGfl

25

——1

—:

32c

/

Week's

26%

Jun

54

1

Bouscadillac Gold Mines Ltd^

■

26%

Ansley

60

*

——

'OuuUUw F**«l "

100

Bankfield Consolidated Mines—

———1

Ltd

Nov

3.50

Jan

>

Gold

400

1,000 '
m 325

630

Anglo

5

Mines Limited -—--1——-^—!
v - *, - '*•
rJ " ^

Bonville

15

230

Bath Power "A"

Bidgood ' Kfrklahd Gold

fV

69c.
5 Vic

15

I

102

■

Yellowknife Gold Mines^—1

Beaucourt Gold Mines-

69C

—.

199

Anglo-Huronian
Anglo-Rouyn Mines—

-S'Dec *

6

Beatrice Red Lake Gold Mines Ltd—1
>

8c

;

.

1.49 Jan

July

20

—*

Band-Ore Gold Mines Ltd--

,6,500

102

"■

*

1.52

'

125

——"

Quebec Mines Ltd

7C ;f: v8C:i;f::

199%

>

Mining Stocks

.

Astoria

Aug

-L

—

Bank, of Montreal

Akaitcho

36o

Amalgamated Lamer Mines

mW

1,649

Lid——~u,—^

Aug
July

American Yellowknife

>

200

Securities, Limited-—i.-—--100

Windsor Hotel Ltd

10c
64c

8,400

,

'

2,605

preferred-—-—-50

Westoel Products Corp Ltd
Western Grain Co

Jan

•

v':

July
Jan

112% May
60
May
,;15
' Apr

Sep

Amusement Corp Ltd cl A—"
United Distillers of Canada
Ltd-,-,—"

78c

' ;''8c

•

——

Jan

•

25%

Jan

—.——*

Jan

1.45

7,586

19c

,

2.65

—100

Apex Consolidated Resources—....
Aquarius Porcupine ..
—

15

Jan

20

*

17c
72c

2.34

,72c ^
2.39

Gold

Apr

U

'Aug> ;;
108% Sep ; ;
46

United

;.

•w'14%

11

100

Ltd—

Union, Gas of Canada

Nov

150
-

re^ pfd—10O

Band Storejf——
—• •
Sangamo Co Ltd new_,—_-.u———"

•

,

16%

"285

Co. Ltd—w,v—V—W
Pulp & Paper 77#

r

Sep

3.65

Dec

•

,

1

16%

Sep
.Feb

v.-25\.

Flour Mills

uiueoeo

60c

Jan

50c

22%

Consolidated—

Pacific

80%

Sep

9

25

50

Dec

1.07

4,950
2,500

20c

-■■■

Ltd common
Aluminum of Can pref

Aug

25c

11% Jan

50

Service Stores—u
—•
Power Corp of Can 6% cum
1st pfd,20
r
6%
non-cum part 2nd

24c

1,100

v

*
♦

mtmmmmmrnm—

Preferred

18% May.
27% Mar

.

Nov

175

12%

Pauls

Purity

$6

250

;

11%

Sep
,

35-

104

.

14% Dec

*108

10%

22
;

9

-

Aluminium

J an

47% May
17 % Feb

Sep

16

85

12%

10

Jan

Jan

;55c

.Last

common

Mines
Algoma Steel common
Algei

Dec

15

Jan

"20c

♦

pfd—-

.

'

13% Aug'

July

25

18%

70

"

5"

101% July
6% Oct

20c

12%

•

Orange Crush Ltd—

65

20C

Jan

17%

125

6%.

14'/a

90

25%

200

18%

.■

Feb

13

200

29

'

2.23

23c

38c

12,100

".30c; :

Dec
Nov

July

60

8% Jan
ll1/* Hep...:

810

Alberta

53% May

v;::".;V

14%

28%

Dec

-

14

Jan

34

102% 102%/

——'

Ltd——i
Enterprises. Ltd.—T.'.

50

900

„

—

,

,

•

41%*

14

'20'
:

52%

192

13'%*

.Jun

9% Dec

4;;

25c
2.20

8c

10c

32

....

—-

14

s

Apr

25

Sugar

Preferred
Agnew Surpass—
12

10

12%

41%

20

Royal Rice Mills

9

42c

Nov

3,500

13,500

"

;

.

108

90

13c

1.000

8c

11c.

50c

18c

^

•
20

Acadia-Atlantlo

360

51%

Dec

5%e

I $2.50 preferred-,™

Aug'

35

30

"90;
10

Minnesota & Ontario
Island
Power————f—— *
Moore Corporation
Ltd-—'-—■_—*
Mount Royal Hotel *Co
Ltd_^^„,
•

Moun

:

Jan

21%

F«P '

AkfllltOhO

51%

•

pfd

26

643A

20

i'fu'''

Montreal

Nucle

"

24%

87o

12% July

'

1

Abltlbl Power ft Paper new com
$1.50 preferred

'

Oil 4%
pfd
100
Melchers Distilleries Limited
com——"

v\"

50

1

20

-

12 %c July

SC

*'

Company Limited

V'

'

MacLaren Power ft
Paper Co—
•
Maple Leaf Milling Co Ltd com—
•:
Maritime Teleg & Tel Co Ltd com—_ 10

•

:'

64 '

Inc——.—1
Lown?y < Walter M) • .CO; Ltd*i——

Ltd

•

Feb

Aug

300

flic

<

—

1

1944 Ltd

7.80 May

1,500

55c

,

32c

Sep

14c

30o

.

1

1":

Jun

4.60

14c

«.«

-—50c

Ltd—

13c

14c

Friday

May;

99«

20

preferred——,—50

Massey-Harris Co
McColl-Frontenac

1

46c

21%

Ltd—___———.

.

■

Investment Foundation Ltd
com_i—'•

'

20

*

Lake Bt John Power As
Paper——
Lambert' (Alfred)

14c

Aug

20%

14c

.22% July.
5% Jaij

M,

—•

t#i '■■

;

1

8.85 Jan

8o

Toronto Stook Exchange

■;

Inc

500

STOCKS

*

—

de .LaSalle

5.20

1.76 May

Jun

n

Ltd-——4——•

A preferred

Hotel

5.20

Mines—;—1

Jun.
Oct

—•

class A

1.70 July

Dec

19 y2
24

•

Products Mfg Co
Great Lakes Paper Co

1,900

1

Homestead Oil ft Gas Ltd—

Ford Motor Co of
Canada cmaa A-—*

99

2.22 May

2.08

64%.May;
37

Deo

Ltd—.A—5
Aircraft———'i-"

"99

2.05

9,200
3,000

14% Feb

Freiman/IA* J) Ltd
4%%'pfd---Y100
Vr/if >_> -v >; <t
-'>'•>••

,1.00 Sep
1.09 Jan

Gaspe Oil & Gas Co Ltd-———.rl '

Jun

Dec
:

Fairchild- Aircraft

».

7.50 Jan

1,500

on Stocks

Apr.
July

7%

Esmond

Foreign Power 8ec Corp Ltd——
Praser Companies^

9,350
4,600

2.50 July

1.10

1.80

.

14c

Royallte Oil
V

4.80

4.25 Sep

—

Sullivan Cons Mines Ltd
1
Westville Mines;■-.-1

Jan

15%

Jan

17c

Mines Ltd

Mines

43o

1.00 July

_

1.10

*

—

Nov

>13

2,138

Btadacona

Jap

July

1,400

1.78

1.10

20%

-—i

12c

4,000

■

13c

Ltd—^

Mines

Feb

17c

Soma-Duvernay Gold
'

Jan

19% stfan

:,

Mines

Mines

Mines
Sherritt-Gordon

Siscoe Gold

Jan

90c

Dec

37

15
426

,

Gold

Gold

Santiago

Nov

8

31

Crest

1.41

1.80

.

-*
Gold

Aug

14c

Mining—

Feb

23

r

Feb

84c

17c

-—

Quebec Yellowknife

75

Feb

.41

Mines

Quemont

•

6% Aug

60

Gold

2.90

26%

1

Dredging Ltd—

Feb

3.80

Oct

15%

50
;

Pitt

Gold

Jun

Sep
Sep

—1

:

Jun

"16%

;14% .Deo

90

4%

%

4
,

Cons

-15c

4.40

High
42c

13%

300

1

Jan

16 V4 Mar

Nov

Mines

Jun

23%
-

Dec

50

,880
6,858

*

woollens & Worsteds
Donnacona Paper Co Ltd

Jan

V':.

1,800

Linoleum Co. Ltd—"

General

4.65

1

Pandora Cadallic Gold Mines Ltd

18%

Mar

15

"17'

♦

Dominion

&

1

Paramaque

62

11% Jan
16

"

fc-Frere, Limitee class B—
Dominion
Engineering Works. Ltd

&

Dec

100

;

Mfg

Ltd

Dredging

Cons

14c

19 %c

450

1.17

15c

;y;

Low

9,500

15%

1.17

———.

Apr

174

-2^ Hep

35

*

David

Fleet

Mines

——1

14%

—

Range for Year 1946

High

2.90

;i>f

Shares

30c 33 Vic

14%

Ltd——:—1

Jan

5%
4%
18-%
43%

Jan

45 ,<ii

.

Ltd com.♦it

Lithograph—
Corp Ltd—

Domin Oilcloth ft
Dominion Snuare

Mines

70

Red

22,350 :
,105

——'*

consolidated Paoer

I Crain

Gold

30c

1

15

Feb

98

75

—__100/

Consolidated

Ltd

Normetal Mining Corp Ltd
O'Brien Gold Mines Ltd

July
Aug

195

i-

_*

■;

-Jan

-lO-^Sep

120

.50.

Ltd—I

Alcohols

Lake

Macdonald

Feb

25

1-75 Jan

■r

; .100

.

..

Claude Neon General
Advert

Commercial

Mines

Llngside Gold Mines—
Louvicourt Goldfields

Nechl
18

19

~

109.,

...;;;

common—1
Catelli Food Products
Ltd common—_i"
>5 %' preferred'-

!/<f. preferred

May

30 •••"• May
42
Aug

Dec

-

Shore

Lingman

0 19% 'Apr1
•

62
Mar
9.-: >9,. v Dec 1,530
2% Sep

Cassidy's Limited

Wines

Dec

50

9

2%
>

-

Canadian

Chateau-Gai

-

14% Sep
Sep

...

—

i

•

34

•

635

.

•

9

ft Pap Inv Ltd
com—".
preferred' —-—i
*
Canadian Vickers Ltd common...——•
i i 7 % ■ preferred
100

-4

44

13% Hep
22

-

2,485' '
2.',

190

65

i

Canadian Pow
:

■

;

.-Nov

Lake

'

100

...

63
Aug
113% May

Jan

Low

1

—

for Week

of Prices

Par

Lake Rowan Mines

Sales

Range

Sale Price

•:

Feb

Week's

.-*1"■ -<>•; Last:

.

•

—

Canadian Ingersoll Rand Co
Ltd—«,—•
Canadian Light •& Power
Co.,
,-100
Canadian

38

29%

Jun

109-

1

STOCKS—

High

.

Dec

55--'

r

■.

'i. 25 #

25%;

37

Loto y

20

r

i.-V.v,. 45

^'ut.cao-

24%

;24%;',

'■'.>

2,515 •:

,15

*',

Ltd—*

:

?

...

63

^Friday

'

Range for Year 1946
"i

112% 112%
' 39% 39%

^
V'f ' V-0
Canadian Gen Investments
Ltd_
*.
Canadian Industries
common———
.

21%«

—

MARKETS

JANUARY 10

i

-Shares

High

20%

20%:

-

Malting Co Ltd

LISTED
WEEK ENDING

for Week

of Prices

Low

'

FOR

Dec

1.15

Feb

July

2.24

Feb

Buffalo
'

Class

Ankerite

Gold Muies—

Lake Mines

Product#

&

Co

B

class

16c

f

1.40

4.45

4.75

•

22C

20c

23c >

30c

30c

34c "

30%

*
*

•

•

15

■

55c

Jan

July

72c

Jan

95c

15%

15c

..

25

92

July

45c

Jan

15c

Jun

97c

Feb

85

Jun

32

Dec

17

Dec

23% Mar

40

,

1.64 Apr
11
Jan

July

3.85 July

2,500

'V 7,000
v
23,495

29

15

May

Oct

40c

32,

29

35

Jan

13c

8,800

9,600

44c

1.30

28

13,300

16c

41c

-

1
*

A

V

29

•

22%

Jan

HV2

Sep

•

.

i

,

THE COMMERCIAL &

I"

^

^

it*

•

**'•'* 1"'**

*f

"

"

,

k

•'

71;

't;

•

.

■'

1947

Monday, January 13,

FINANCIAL CHRONICLE

V

•

:' ■' '

■

CANADIAN LISTED MARKETS
RANGE FOR WEEK

'T'"
'■

.--I1/.

-

">')>/;

STOCKS—

Sale Price

.-aA."'"

of Prices

Linen

common—_

''XLow

30c
12% A v'LV't

,...

—

,

1•
Campbell Red Lake.
-l.v, 2.45
Canada Bread new preferred—X—lOO "/x ;-"i
Canada > cement common
•/" 2314'
"

Calmont

Canada
Canada

class

Foundry
Malting

y

A_.—,

.

.

i

Canada Packers class A

10%

*

.—i_;—:

17%'.

',</ W'••' "»'«»*ucuv. Mortgage———*uu

-195

•

17

■.

'-195

'

Canada'Steamship common-',—.««.„»•' ,% " p ^
Preferred

Canada

„Z

A.

85

i'/KPi/P.

Cauacua*.

Canadian

canners

: .25%
26

•

common

preierred
Canadian Car 85 Fdry enmmnn
x Class 'A'
'

,

60-

Cetenese common—5

Canadian

l—_——a

Preferred

—100.

——

\

22'%

Dredge __'
/ 25
i<00a Froauct&cowwuu—*
15
Class - A ——.—«£—i-—.„_*"/' •
20

Canadian

/■

Ca unman

Alcohol

industrial

•

A

com

r

Class B

14

—*

Locomotive—-—.

Canadian

35%

Canadian MalartiCi.—,

Oils

Canadian
New

1■
100

com—-

preferred

^Hnaoibn,

? i—

;

-

Utilities preferred-^
100 *'
Wirebound,Box—s—1'_*

Canadian
Canadian

Gold

Patricia

Central
Central

Mines—-..

Cheskirk

;

1

i

.yl /,x^

:•

Gai

.:',x

Chimo: Gold

Chromium
Circle

Mines—

1

60c

.

Bar_^_

Coastal ■ Gils

l"
<xoid

X

:

110

•y

£05

::xy,,r;

,

' 13

«

570

4,450

•''

.

\

1

>

'4

'i

•

24

115

10c

Conduits'

*

Consolidated

1

—

Mining

Consumers Gas
^nnwest

;' ,r'7%

x>^Z

1—5-'-- ^

Smelting

da

36%

a

173

:

•

«

97c

I x'
___C—XL/wC-L'1

.

Crestauraum

Cminor
Crown

Pershing Mines

Mines %

'X.,-

j

j

—.

Davies Petroleum

x_i__

;

Class

Mines
Oemson

Nickel

:

1.02

1.05

8,300

1.20

1.25;

•

I3%c

,v

v-

1.60

Preferred

_

Mining

Mines

Dome

Ltd

:

•

74c

100
,

1.12

Bank______;

10 x.

Dominion

Coal

25
*'

preferred

g9

Dominion

Oct

class

Steel

1-

B

Dominion

108

"12,500

115

■

30

C

Elder

Sep

39

x"-15
109

Dec

3

Nov

40

x: :.y 140

Jan

20

ax;.v 530

27

Nov

>

23

12% Mar

ry' V 481
195x

23

Nov

370

13

Jun

May

x**%

Jun

28% July

Dec

•

July

1.85

Jan

2 40

8ep

20c

19%c

24c

II,100

18c

Dec

; 58c

May

53c

50c

53c

26,200

30c

July

62c

Feb

13c

Jan

.

14

.>•;' 6c 'x^ 5%c
i ;;:
2.02 ^ 2.02
1 a 3.55
3.40

11%

-

*
20

_>

;

-

xc

10%
14%
20%

21

1.12
74c .:.

1.06
72'/2C
29c
24% uX 24%

1

Mines

-

i

Mines.

30c

>

' 7 V" •

r;'Class'.B—

7

i ' 12%

12%

—______23

-

2.20

7,135

4.60
x

f

"10,000-

6%c

219,175

12
14%
21
-

-,

-

15% Aug

'

22% Aug
1.38 Sep

Sep

July
Dec

29c

5%

75

4 .80 Jan
14% Jun

"

23

60

23

,

Nov

37c

18,000 ;

7%

20
83c

33,500

13%

3.35 Jan

8% Nov

164,050
:A.

x

"13% OctT

355-

24%

Oct"

2.30 July

.

106

1.13
88c
35c

5c

10

1.45

> 71c

Jan

moil#-' Players

new rommon_

Fanny Farmer Candy Shops

Grain

Federal

class

Mf«

Fleury
roxa

—:

&

A______,
Aircraft.

Bissell

#

'

Townsite-;

T

Me A

■' -■

-i(

»

,

For

Gold

preferred——_^__

footnotes see page 246.




"1,595

12

'

Mines

Luz

685

43%

Sep

65

5%

Jan.

11

90

7,530

90
7c

Jan
Dec

_•

^

•

'

_100 '

21%
30c

•

'

12
4%

2%
21%

1%

Apr

3,282

18 %

30c

32c

13,500

25c

Dec
Dec

100

10

99 '

Dec

100

'

50

5,910
200

11% Oct
3% Dec

May
-

134
24c

Sep
Aug
Jan

13 % Aug

5% Nov
3

Nov

32% Jan
75c
Feb
101

July

-

Nov

3bc

July

A

35c

Jan

Ale

"

Jun

A /4c

-

*

.Aug

34%' Sep

50

15

Dec

16"

Jun

9%

/ 80% Aug
X

" 17%

13"

Dec A,

157/a

Feb "

19c

Dec a"

80c

Jan

12%

NOV

62c

Jan

>

A"

7.790

"35% May
106

Sep

101

29 V/ Oct xx-

.

:

•j.j.-fit /
;?41P> Jan 4

A

v4

39,600

95<f

266 x";

A

2,160
V

38,700

"

:

•■

:^15,610

75c
33c
15%
35%-

-

a:

-

Madsen

-

3,800

2,320

Magnet

Lake Gold

Mines,—

■

Rouyn Gold
Martitn-McNeely Mines——

Massav-Harris common,

preferred

Jan

11

4.55 July
A

62c

May

1.46

Jan

Oct

<x"26%

Mar

'/ /. 1,000

13

4.25

Dec

2Ro

500

.

:">X.r.

30,

9,700
7,900

/

57c

;'

71c

:Z

Dec

23 %

v

Dec'.,:

Hep/,")

15c

•

Dec"..

19 ix Sep

2%c

Jan

20c

July

12c

.,;,6i5

3.90

8.75 Mar

5.55 July

16,400

Feb "

8.00

Dec

129,800

July A

37 x;

29% Jan/

7'/2c

3,000

18

43c

Jan

\

39% Jan

16,500

i ■■■

Apr

r" 8%c May
25 % Mar

25y2 Mar

,1.20 July
18a July

A,

1.5u Jan
Jan

37c

;

Feb

.1.50

Oct

3.45

Jan

-,l ,765

27%

Jan

36

Aug

245

•

1.46

8,065

V

26%

34.900

68c

July

"

19c-

4.45
8«C

July

2,500

X-

30c

Dec

2.70

4,416
26,960
17,800
13,050
-

.

50

21,680
8,400

A

Oct

■x

35c

-

SepMr

2 45 July

Dec

1.50 July

2.25

10,500

3c

3%0

12,700

3c

July

Apr

Sep x
Apr

Feb

45c

Jan

7.50 Jan

"

Oct*"

1.50 July

14%

!•

5.00

*••■

2.50 July.

15c

May

34

Jan

9,700

-

f

1.02 July

35,000

xx

-

Feb

July

35c

"

3.75
19

F«b

July

" 5 48 Jan
Jan

95c

3.75

Jan
May

10c

17% May

*

Marlon

McBrine

/

55c

A;

24% Mar

> 2,02
■3t

l

Feb

Dec

2.90

z

1VP

'.14

14%

660

13:

.1

Gold—

«>^»><«rrert

.*

17%

44c

-

;
"

87c

87c

93c

5,200

60c

July

19c

19c 20 %c

58,200

18c

Dec

A

-

Maple Leaf Milling common.:
Marcus

43C

1

-1

;

July

25

24c

3.50

3.65

Z-l

•>

Dec

July x"

1,700

2.15

.18

11% July

Dec "

-

1.76 Apr.".

45c

"

—

Eastern

22C

1.90

/
-

i 18

*

59c
"

23c

5,100

4.80

23c

Consolidated Gold
ft

4.30

30Jan

"

5,500

3.60

1.95

—1

4—-

Malartic Gold Fields—
Manitoba

3.40

/•"•

25,900
•X

"

**»•

37c ' Jan

Dec A'
-Dec

1.16 Sep
/■••/•lie x; Dec

25 - V

Jan

2.25
"

73,438 Z/x

.

4/15 -

4.60

(H R)

Red

A Nov

37c
26c

21c

■

35c

12,300
/.

25% . 25% /
6.10
43cf

.,A;

'Feb-

"9c'Jap'
•

Dec

Qc

23

106,116
..-7,800

X.

;;

■

_

MacMillan

-

190

x

"

July - -pec."1'

'./>

,'

X.

•

3o

Jan A

May

lie

f; 65c

45a/july/v

57,220

•x.

;■/" 6c
ty

*.

-

41c
-

July-1

,-a 36c

;

Feb

:/x"'A

'0^.*,y

3y2cDec

;

Apr

2.30

v/;/: 1.36 Sep

2,466

Feb
Jan

2.09

Dec A.

48c

.

Mar A

.

47'"/,
27%

•A

13% Nov

II,000

/ ' 400

A

Oct

45c'

v

,Oc|}A /

26

-

Aug

40

30c A Jan

-

Jan

1.65

Oct A

34

A

Jan

"15% July ax

v/; 9% Jan"

200

3c

Oct

;

-"Jan

26

Aug

20%

Jan
f:V.

•vf

Jan

110

Jan

17

May

SOC

Sep

" 95

3,200

8c

Sep
Feb

73c

.

z:a5a/7o July. /•/''
9% Oct "A/

4,955

4c
4c
44 %c A50C

Jan

53%

52% July
/30e

-

400

3.45

iv<icT^nrt-concsr.utt Gold Mines

125

Apr
Feb
4.40 Jan

A19%

Nov

"

,

Macfie Red Lake

9%c

■•

i;ooo

.•6.35

Dec

20

4%

s

,,

1 x

Lamaque ■

13

-22% July

Sep

2.35

15

4.15 4.50
6.25 6.50
Lapa Cadilac
■<
■;,/.: . • 9c 9%c
uapnska Mines
/
:— ip.:37c
37c
41c
Larder "U"
1 >/(
13c
14cl6%c
Laura
Secord Candyx^.1——
3- ?r/-20%,vV:' 20
21.
r^bei Oro
^3%c -.3%c
Legare
preferred___A_'_—_—
—25 A'7/ • — '
25
25
Leitch Gold Mines, Ltd
1
1.32
1.32 1.40
Lexmdln Gold
JL
3lc
29c 30c
/ Lingman Lake Gold Mines—1.15 x
1.13 1.22
Little Long Lac Gold Mines Ltd—,
• r\: 2.05
2.00 2.20
Loblaw Groceterias class A
—• . ' 33%
33 33%
;>a; Class B
*
•
X'l/;i/,x'A,f: 30y2 31%
Louvlcourt Goldfields
—1—1 /
2.75
2.75 3.00
Lundward Gold Mines-;.—
__1
32%c ;/ 32V2C3 36c
Lynx Yellowknife Gold
26c
26c 28c
La

x

Jan

Mar

27

88,300 k. 6%c Dec
-'9c f" 15c /.
P 5,000
I2c > Dec
14c 16%c

5.75
5.75
1 >/ >37%x:yX 37c
Lake
.w/JiL___l '>•.
72c >
70c
Lake Rowan_________——...x
—_1
30c
30c
Lake 'Shore.
—~1
14%
14%
Lake of the Woods common——
_* aAa>35%.

Dec

12
4

-

;

; ''>"•• i'i •'

;

MacDonald Mines

8%c

,9c

common__^__,l__^

Co of Canada class A_

Freiman

/

J

-

-wAur

«

Jan

Sep vX'Z

6c

19% Nov

1,355

/ / 41c x
38c A 42c
—
t'AA1.48
1.45 M.60
—__1 • A 18c.
17c
18c

Oct

Feb

14%c

"

4,728

1

Gold Mines
Dufault Mines Ltd__

Macassa

6.35

NOV

-

Laguerre

Jan

3.85 Nov

Dec

25c

,10

165

;.;X

Jan

Dec

A

103

16c*

Jan

3.60
92c

995 '

i'-p..

*".XX^

Mining ft Exploration

Labrador

/

Jan

1"

69c

Sep
Oct

./•.:

,8o
8c
x3c.<
" 3c.
82c A." 81c"

■

r

..

X ■/■:■•

;

■

36

2%

—1

Kirkland

Fittings

'

.

common

Preferred

Federal

4.30 4.40
9 ' •';'18%';;-VJ.18%. '18%
:_j'
53
52% 53%
l^,
- ^9
9%
100 /'* 123
122
125
•

Falconbridge Nickel

■

-

Jan

15c

69,100

37%

36%

30c

51c

*

*

Apr

A 2.70 Jan

July

1.18

.10* ;

38
42c
30

•

j

19C

8,900

14% aa:14%/'"14%
r.- 51c.
50c
55c

.

3,375

8C

Oct

.

Lake

■

13

Dec

45c

Dec

Jan

31c

July

96c

-

1.15 July

1,690

,

■'

~

16% Mar

i.

Dec

16C

17,900

—

July

20

Sep

12c

4!/acDec

'

50 %

Feb

14,500

17c: ■' 14%c"; 17c
*
;V:< 25 %
26
1 *
50c.y
48c
55c
Mine8__/____.__^—.—.i_lx/xA 40c X:
39c\V 42d
Gold Mines
J
1374 AV 13% i 14

Labatt"(John). "

Feb

103 %

'

■•'-/■

Kirkland

July

7

15

Feb

1.24 Jan

Dec

9c

103 103%

U "

36%

:./

Golden Gate

Kirkland

Feb

-7%

60

-.3

Kerr-Addison

Jan

Jan

35

July

—

Life—

310

Jan

6.00

Jun

16,200

..ZuL-l'" :3

fCenville .Ck)ld

Jun

60C

*

"

Equitable

*y x ""20 *

Jan

10C

21V2

9,500

'

B2c /

Co

Kelvlnator

Nov

85c

1

Electric class A

EnPlish

27-

19%

A

365

U

'
-

—_1

Kayrand.

Jun

8%

.

30

Nov

13,900

:

Gold
Gold

Sol

NOV

Mat1

113,400

Mines__

Mines

Eldona
F1

j:-5r
26

18c

NOV/

■9%

6,3*»

29%

7bc
38
42c
29%

__u_—46c

Kelwren

Jun

1.58

Steel

Paper

uiV

,13

Jun

July

49c

50

ioc^

!,

■

1.40

Washing.:

Easy

; 9% Mar

Apr

18%

12 V2

15,300

__T; JL- 16c.-'
l j . 4c

*

Jun

1.49

Malartic Mines..
Sullivan

x"

/

July

1.50

Crest

Eastern

30
." 23

Jan

59c

'

24c

-x.A,

,

u

Consolidated
Joliet1 Quebec;; '

32% Feb

A

13% Mar

lA' 1.41

Amphl Mines

East

17% Dec

Jun

70

18 -1 Dec

lO/lhlV
'

13
14%

-x-V? ;"y//l'

Walte

Kirkland

'

Jan

35% Apr

Zr,

6% Sep

6,000

23c

v,8oc
25 . .
' - .
1
30 x

J M

Apr

i

Co

Mines

Gold

;

25

44

26

i

'10'

-

14

" 26

J

24%

"

92
y

&

V s-.

Jellicoe

30% July

^

;—

Mining

''

■,'.26

<

14% A

Mines

Duquesne

East

___*

1.48

; i x

..Jacola Mines
-.;4e«srm Mines

126 '.x Jun
LIS Aug

7D$4J.un;

■yjt 7,490

16%
10% ;

14'

Ac,-

x

»x

Jun

21c

.

.

July

4c

4.10

Jun /

22,,

r

,

Oct

*

Jack

1.90 Jan

N6V

12%

i./' 25'% Oct

Jan

.

5c

"2,000

23c

,

100

Mining

Uranium

Jacknife-•■-'/

Nov

80c
*

Dec

Iff

i k
'1

May

26
14%
1.62

ctfs

Woolens

Lionaiaa

,"14

26Vz

Dominion Tar voting trust

East

v

-

"

105

43'A

_J

>

25

>."r 60c

495

"

Stores

Pomio'on

Duvav

.*

i__—_„__________50

Preferred
Dominion

—

T

Oct

1.00

■

37,000

Electhrome~

Fabrics common

xx' 19c

Mar

57 /.,. Aug a A:

x

Nov

9c

a

%p May

; 125 .A May

Nov

15

12%

Mountain',—-50c416c

Island

3G5 Feb

x30c

Mar

/"

Jun

84

16

,

-A

it

273

,

12%

—*
I.

Petroleum.

iXTM

8ep'

9C

i.j:

4%%, preferred

.

Trv^rnational

20%c Jan

Ll" 29%
'/>t 12%JaA 12%

International Nickel Co common.—*
International

'

">—50

A

Sep

;x:A^^:po';Feb..

Sep

40,100

* 10%
x 10%
! -w
5'/a
5%
'
il4
14
2nd preferred_wi___^____—29
29.
Dominion Foundry_-n_-___-___L-—__*
32'%
32 33%,
Dominion Magnesium
* .
__
9% "9%
Dominion
Malting
pfd
__100
—,
104 % 104 %
Dominion Scottish Investors com_'
_1 ''i;'-:";-" 4
" 4
4
Dairies common.,..

Dominion

Dominion

Mar

—

Bronze preferred—

1.27 Nov

1.50 Oct

102,700

i 700

/

A '

12% 3

-6 pppk

Min <te Devel

International Coal & CokeInternational Metals class A

1.75 Sep

Dec x,v

1.25

14%

86c

-

"20

50
12%//
' 110
110 '/A/X/Ax/X 5
50
20% 20%

__

.

m

"

(John)

►"••Diration

International

'105%

29% Jan

.

Inglis

Feb

Oct

T 82,684

18% :20%
28% '29%

Uf—0.^18%

Dominion

xx

>

«12%

,

,100

l

Jun.

July

32

"

5,100

Jun

13c

lie

.____10O

Lake

Feb

ibc

r

Dec

3,855

.

1.22

.

8c

500: •-H 11

84c

•

A

I,000

lO'/s

74c

-

Seagrams commoni-^'—..*

Diversified

>

" 17%'
17
x ^.?{106%.

Discovery Yellowknife
D^Hlers

Nov

i4c

:

Apr

22%

A'

Oct

^1.20 Oct

>;

3.5 '/2

55 V

12%

Imperial Oil
•
imperial Tobacco of Canada ordinary.S

Jun

1.95

Xi

Dec k

-

Sep

51::: 51 /
37c. 41c
43 44% >

12

preferred-——

Indian

188%

•

Oct

P-. 78c

2,000

:

1.85
2.10
9c l4,/2c'
57c 64'Ac"
1.50
1.66 *
.

58c

Lake

Dickenson Red

'

;

i.x

■■

1.00 July

38,400

A

ll%Vx

11%"

: 1.85

>

28C "

23c'

■

Feb

•

•

B

Imperial" watiir'v-::,/V- A,/'/'1'

Feb

P- 103 >;

Oct

102

July

10 %

2.85
11c
14c
5c 5%c
49C
54c

,

11 %c

8% Mey

2.75

40c-

>■

52 y2

Jan"

1.18 Apr

./.;
;r

,

Dec

35c

> 12

Mar/

35

'/

V

Dec

99 y2

"400

17c
22
11%
2.95 / /

21Va
10%

Smelting—a—43

Huron & Erie common.-.—,

Apr

2.85

20c

100

,

Class

t', --'1.27 Nov

x

_

Hunt's /Ltd A

1.38

Dec

26
-

-1,000

X

6

^ iqc
12C
30%.'> 30% " 31

_i

;

Mines.'.

Lake Mines:

Detta Red

;

Mine*

Dec

"

8c'

8c
22

10%

Hugh Malartic

1.05 Jan

-

0 .A Jan

•

,

x

1

——_•__—

17,

30c

103

class A
-r• xx
B_—"u_y.x

'

•19

_

Oct

87c

r

4j/2c

x 195

15c

8c

preferred-,-—50!, 1.
,
: ;/-.x._.:..A:x/rir,A-xr| >
37c '

Paper

Bay Mining ft

Feb

5.00

^

Smith

Wudson

Jun

„

2.95
1- '• t 11c
1,,
5%c
I
49c

—.

Gold

nowey

35c" Jan

Ded

; 164
•

7,700

' 23c

Leather

De«*t«

"

47c

Dec

7by8

-

5,550

x

*

<

30% ,200

53C

1,03

■

~

25- SU.;

1.50

;Aircraft__^_^i^-^Cx_^f x^^^x^x
D Aragon

y

Dec

1.25
63c

15c "

,,

x

6

Gold Mines

Hosco

Howard

'

x

Nov

1.75

A

'' y 103

l'

>■>:

3,780

X-40

x

_______100

Gold

Patricia

A

I,000

"A "150

Feb

Jan

79c

3.45

July
July

33c

9,200
A

10c

8c

,

": 'A ''/•• »

Homestead

Jan

-.AUg:.

8c

-

,

■

-

*

Womer. Yellowknife

20%

i-,300

30
fvv ,\!y ' ,30c
50c
45c

1.44

1

Trust___X__.____

Orrw^ho-e

.

■-

x^'x. 17

Corrugated Box
*j
17
Cosmos:.'.•'] 30%
Coax nor

1.90

-

•

108,200
72c
.-—1,07186
y
131
172 174%
5,300
96c
1.07

72c

100

(Toronto)

Exploration

x

Dec

67c

.

Dec

6

1_

Home Oil

X';X>25'

Oct

24c

150

1;80
"1.41C

.

—

-'Consolidated Beattie

-39C

-

-

-

~-7/200

1

HoUinger Consolidated Gold Mines

-

4,180
50c
35c •::> 28,100

iw

•

■'

Jan

**• Wi .•<

• 'v.;-

Mining

Highridge

Jan

Vv/j.,1'

l

J,

4,oniarum'

Deo

12

Oct

2.00

18,050

:.':'iix V.'

Dec

1.90

.

2.40 July

175

-

Jan

l 4.70 Aug

Dec

i

25c

1.30

"

15%

16

_.._,.l>;P

Highwood

x

July

10c

A

1,000

—-*.1;

;—1'_

Hinde & Dauche

r.

Jan

9,000

11V700

__

*

Jan

V 35c

Dec

18%

Dec

219
A. 42
Jan x
65-.
30VaC July
45c '■?. P 6,700
bep / '
2,065/ / 13
16%"

63
42c

64%

'

;-^v •>

Y-)*.

j

Jan

"A

,

Nov

70c

85-

,' \p,

-p

-

A16

Jan x

50c

v-*•

:> 50c

• •

1.41 Mar
-

Jan

67c

44%c Jan

Sep

-.

43c

-

y

60c-'
' 23

-

3.00

21'/2c Nov

41,800

1

Goniagas

7

Feb

25c

'

juiy r:

150
Xr"

6,100

13%-

4.40 Apr

July

:15c

150

69,000

-

May

pi 1.85 July

1,500
*

Dec

30

."

2.80 July

A

13,400

--

104

Dec

102

59c'

43c
29c

45c
29c

/

«

Nov

10
55

Feb

87c

,

Jun
>24% Feb

Oct

12%

Dec

107%

Feb

105

80

May

,

1.35 Feb
18%

Jan

13%

•

Coin. Lake ———1
Colomac Yellowknife Mines-———-1
,*

46

July

50C

4.30 *--5,257

12%

Oct

23%

39c

Dec

July

—

May

26

rr

Hallnor'—

May

27':

Nov

'12%

•

s.^

3.00

adLuUeb—i

1

Nov
•

11 %c
13c
I4c:'»14d
2.95
3.20-

12c
•

—i—..

Plow, c*n

Cock8nutt;

x^_

-

wiuano

13 V2

,

31c

.

4.05
53c
60c
21

53c

*

______________

'

4.10

1:

Ditalam-.^—
••

675

Nov

nc

2,200
4c
4c
x
125
5.00 5.00
500
Hamilton' Bridge
8
8%
Hamilton Cotton
'
—' "
•
18 : 18, !'■)/''/'■■ 50
7,840
Hard Rock Gold Mines
I
55%c
55%c
65c
>
200
Harding Carpet'
x
iii'10% •'••10% f."
3,300
Harker. Gold Mines
x._
_1
16c
15c
17c
37,600
Harricana Gold Mines
J.7V2c
17c > 19c;
8,589
Hasaga Mines _w_—_!
11.25'
1.16 1.31
2,500;
Headway
i
__1
" *
12c 13 %c
.1,500
Heath Gold
:
_1
31c
30c
31c
39,350
Hedley Mascot
i- ' 1.16 *
1,14 ,1.401
108,500/
Heva Gold netf. —
_a——1-.
75c
72c " 86c

ao% Jun
24
- Jun

.

17% Nov

X

Gold

Halcrow, SWayze --:--_-A_i-»
Ftalliwell
,'

30% May

Dec

21

16c
21c

84,450

He
27

10c
26

10c

.£,a>:

"

;

-

8,530

21

x

Feb
Jan

6,700
48,550 "

11V2
24%".;:

24%
21

__

,

Gypsum Lime at Alaoastxne
'i:*>

Jun

-/

-1
•
•
f

—

common—i

Preferred

v

Aug

44

".•lav Jan

620

65c

•

24 % c

*

Feb

178

'

-39% -Sep >
■x

.

60c

60c

Jan

Bousquet____.

Lakes Paper

oreat

22%

;

54% Nov

5,400/

Graham

;■'/

xv-,

class A

Co

,

Feb

88c

Nov
Nov

11,200

113.

11%

25c

22c

Sep

5C
54c

55%^ /xx:..

__

;>1,/-

class A_
—

&

Gunnar

625

,.

Jun
Jun

x

20%

Sep
Nov

655

,

t

——

12%

18%

6,578

Mines——SS % c

v-xiesiturvdle Larder Lake Gold Mines

32

Graiton

x-'.-.;,'

50

.

10c

2,000

16c v
40c
4%c

110 > s 110
54%

common

MJELay

Class B

Jun

32

Jan

-; -75''

■:::x

,

Jan

22%

2.20

•

/tHKeMfun

25

'

26

2.05

2.05

32%

335

Gordon

29% Aug

Tire

Preferred

Deo

24%

r-

Sep

230

Goodyear
•"

Jan:

22%

■

Goodfish

" Jun

30

Nov

';

•19

yX 20- " Mkr

1,200

,

19

*

'

' 14c

:

14c

38c
37c
_____—4%c

Mines

Goldvue

53
Jun
99July

Dec

41c
3.05

1 ! -k

Goldora

Feb

23

r.

'V

' Sep

365

'
!— "
23c P 26c
i22c
22c
\^nes_ii^--4^--------*-' ^
8%
9

Porcupine

Pffntremaniift

Chateau

85

''y:'V:-r-'■ x./:>'•: ■i,"'"-^
2.90 ,1 2.85 2.95

1
—1

Gold Quartz

Cariboo

Nov

13%
47.

'82

1 "

Mines--

Manitou

Golden

Mar

205

'

175

26

26

26

x

r,•
:

-

>x

,

:

teo

/

39,200

74c/
49c
3.25

68c

45c
3.10

->

l

:

Feb
Jun

d.7S

Dec

5.05 July

45,800

Apr

20 %
108%

,,.

-

68c

1

Golden Arrow Mines

Apr

21 %

Jan

178

Eagle Mines

Goldhawk

1A 44 % July

Jan

Dec'.

700

.

♦

1
1
1

7%

.

21% Aug

"15% Sep

,105

.Julyx„:H'

111 "
.

10% Mar a'

'9,664

Feb

14%

Nov

167/s

390

105% 105%
13% 14%,^
101% -105

14

am

Ry__',

*M.nfic

18

■•••

Gold

>36

1,320
3,100

15%
'
>>. * '20 ;•
15V*
"""14
14 i
*
35 35%
' 80c
85c •
.18 18%

•

Aug

150

15
'. 19
15

Canadian

64

434

60%
43*

59
42%

Mar

i

Goldcrest

:

Jun' •:/

:

'

Jan

3% Dec

;•A ".r 7od X
a-> A' ' 20 x
x-

'20.

p

:Vx,'

High

5.55 Feb

j

Jan

105

/

X X 65

15V2c
18c
5c S'/ac.
;
57c 61%c
" 19c
22c
23c
23c
27c
15 %c
14c
18c'

l

;

MlneB Ltd

Lake

(jrou s

6.20
: 18c
r 5c
> 59c

>

>

___*

Gold

oct

'

2626*

Lake-Porcupine Goxa

Glenora

Jah

9%

■ff: 15'
y

Guxxes

Jun

31%

Oct

-

23

Mines——_1

Gold

Yellowknife

Jun

18

'__'_A^-_'l^i_____^U-_--._l00/:x.>,';A''"L_

Preferred

>

♦

common—

Giant

53

46*

29
28 % 29%
25'%
' 25'%
26
id. x
14 '14% "
/h ..19'"
18% ' 19 '?

:_20
•
, *v
•'

preferred

Conv

?

22%.
,25%'
25

v

30

550

23%'

21%

22 %.

common"

Breweries

canaaiHij

1st

10

Commerce..

01

i>tiuK

Jan

Wares

Steel

2.75 Dec
14 x

3,710

.

20

'
' /*

class A-'

Goldale Mine

160

85."

!

•

General

Nov

30

25

15*
48%"

14
47%

•

.

—

Class

X

0U

„___50,

.

.

class

Wire

Products Mfg

'

4%
5 %:
..'20
20
17% "~-i Id
?/:?" 107
107'
6.15
6.50

5

".V'.'i'-

Low

i

14,350
3.00 3.25
18 < 18;; x/A."1/ 260
45
110 110%:,

•

Range for Year 1946

x

Shares

High

Low

«

.

Bakeries

25

10

198:''

"

Jun

25 Va

Par

.

for Week

of Prices

Sale Price

,

Exploration

General

Jan

3.60

.

?/', > • *'

General

108 % July

Jan

75

-

•4.

Jan

14%

loo "

■,

Sep

"

i.72' «epx-

•102%

15

May

56c

Nov .;

c;

i

j.

3.05
Gatineau Power common
„„»fo >• 18
5.%
preferred—___^x._A______i_100 .110

41c
J

1,765
—r

v;

Oct

20c

y

33%
2.95

'

5,200
'•>

:

•

*,-

,

Froblsher

19 '/a May

Nov

"lie.
•

40
17%':

39

39

1.55

x

6,125 '

25% 61%10%:

25%
61%

:

•:

16,225

31

30 '

,

*

_________

Class B

25%.

100
V

_______—_

Power

Norch

canaua

Dec

25c
29c
2.30 2.50104'A 104'/a'
20',/a 23% A

—

__——a---—_20A"-""""

prelerred

'•i New

Jan".

16

——_1""'11%cx/"a'; llcll%a

Flon

Fhn

Callinan

Jan

28

50

'.

;

>

Feb

44o

15

11%

5

t;xry;/ 5
11,400

32
2nd' preferred____4_^i>-^r^^4<W-:-~-'**.>'.fe',ll.1lV'V;-«™' ;•/"• 16 ■'•
16
Cax6*rj:..ol e-amonton:
_•
1.80
1.75 1.88
1st

t

:

July '*

19c

39,500

:

High

fx

Sales

x,y '/-•> Friday
Week's
V" '""Last "'■■, /Range

;>

'x

STOCKS—

-•••

Range for Year 1946

Shares

Hivh

Low

Gold——lm 25e ^
25c
19 .V
—12%

Calder Bousquet
Caldwell

Range

/x'/'/.i"'";P\

v;.'/A::'"

.

for Week

Last

'■

'■l*'1; 'pp/P ;,,.u'i>
''''•■-/VA',-:
'' '
■

1

Sales

Week's

Friday

'

ENDING JANUARY 10

" 51c

Feb

1,200
8,565

9c

Dec

45c

Jan

lO'/zC-

1——i

—.—/

19

.20

"

29y4
17%

18%.
29

17%-

-

12c.
19
29 y4-

17%

-

-

12%, Nov

2.20

21

Jan

'

Apr

JanJ

130

25

Sep

35%

175

17%

Oct

207/b July

,

Volume 165

Number 4559

THE COMMERCIAL &
FINANCIAL CHRONICLE

CANADIAN
RANGE

LISTED

MARKETS

FOR WEEK ENDING JANUARY

10

Friday
Last

STOCKS-

i

Friday

Sale Price

Week's,:

STOCKS-

Macabe

class

McColI

A

__„__*

Frontenac Qil

Preferred

Simpson's

common—— I*
;

—

...

«

Segur_.
*
Mclntyre Porcupine Mines—_—5
McKensle Red Lake _y_—
—

Red

Lake

Gold

Southam

McWatters

•

Model Oils
Modem Containers
Preferred
Modern Tool—.

new

L— i.:

*

Digm

Montreal

1

Jbteat

at

eowti—

«*t.eeo

-

Moore Corp common

,_»

Brass_

National Hosiery
National

Mills

5

»

20

Petroleum___y_;._;
A_

Nib

2.10

j

,: y i5c

^_*

9'/aC

;

^

—

•

1

83c

16c

160

]
—

8C

8V2C

1.76

1.89

I

]

26c

Mines

9c

<

65c

74c

'

5%

5%

;

40c

45c

Northern Canada.
North Star Oil common

Rouyn M/nes

1_>_J

>

Okalta Oils

Union

Gas

Mining—
^United Corp class
Class

«

Orenada

Gold

1

i

Osulake

Eastern

.1

Pacific Petroleum

'51c

.

-•

-

Paramaqua Mines

.1

;

Malartic

.1

;

Pen-Rey Gold Mines
Perron Gold
Plckie

Gold

V ,12c
-1 7; 3.05
U

-

-1

Pressed

Metals

Preston

East

Dome—

'

1.66

common

10

1.66

__

54%

.71-''

Quebec Manitou

._i

Queenston Gold Mines

_1

:

Tex

i._s

;

92c

•

2.15
1.25

7 V*
65c

93/4

class A.

11c 7

He;

24%
93c

-•

—*

Cotton

Roche Long
Rochette

34

.

■*;.

—*

———

Lac

—1.

Royal Bank

.•

j,

7

14%
7

38c

,

;

51c
24%
14 Va

24%

_IO

—

Royalite Oil
Rush Lake Gold Mine
Russell Industries new

:

common—_

STOCKS
Andian-

Sep
;

Apr

7

W.

Feb

25 -"

12%

•

1.19

16

—•7779%

9%

-50

7 37%

37%

Canadian
Canadian
'

118

Nov

Saginaw

Power

San Antonio

Sand River

Bannorm

preferred—

Gold

Mines

100

Ltd

—

__1

Gold

4.25

7:

9%'

4.25

21c

__1 77 56c

56c

Sherritt-Gordon
Sick'"

Brew

new

Brewery class A—

—

Silknit

Ltd

Silver

Miller

7 13%
7,- 13%

preferred

-4077

—

I

—*
;

1
_

see

page 246.




:*

.___*

>-

—

38 Va
-

47c

11%

'-.■;

.7
-

13%
:

.

13%

13%

13%

9.00

9.25

38%

38%

43c

47c

11%

11%

§Va

7
16%

16%

I

7::;77

—*

7

67c

Feb

39c

y

Jan

18

July

.

:y

54

21Va

23

28

148

t

:

405
210

a

3%
*..7.7/:-7

.7

—

3%

•

.7 7-41

327;y

2.20

__

••y'!il9% ;7

19*/e'

2.20

"

32

34c

34c

37c

100

7- .165

.165

165

33

34

Oilcloth.

*

33

—20..,

r—

•

•

95

'717%
.,7'17% :'T7%

c_—

*_•

•

';/■.,

100

24
24 %

"

;____*

\

25c

4 00

51

;

Nov

15

July

45%

Mar

51

Apr

:

559

July
May

24
..

17%

:

40

■

—

U

24

' : 24

24 %

24 %

i

/;..•;

225

-

-

51%

54%

18%

18%

18%

3.15

3.40

2,005.

21

1,700

3.20

._*

'

7 ?
.

20
—

——:——1

20

20

75

1.75

1.75

100

47Va

IOV2C

4,290

47%-y

10%c 10%c

7

Y

50 :

2,500

1.50

77 20%

200

.

".••■•

Jun

—

Oct

.

;Y 2.15

O^t

/

Oct

739

Sap

2.15

17.
1,75
9c

'

July
(.

.

Aug

5

;
;<

Apr

2J^May
5 00 F^b
Mar
.

f
4
>

Jun
Ot

,,

Oct

v

29

N-v

>,

Jan

59

P"0

46

Feb

39

25

S*d

16
7

V

Jun

118

33c

Feb

:

i

7

;

Jan

17-s

July

91

Apr
Jun'

85c

Apr
Nov

7

Jan

23%
32

;

Nov

'

31 ~

.Jun

(4'*''*'
3.80 Feb
f
61% Feb

39

•

ordinary4__7l*__*
—

Oct
Jan

45

51% ••::•

—*
__*_

.

Dpc

50 7.

1

Paper

•

.7

■

Oreille

173
.

15% July

118

?

,r.y;■'■ R 7yF»b ,7:;
Sep43% Jun

Sep

—.

_♦ :•./

Reliance Grain

July

1.35

7

,

Aug

25

21

r

.

Humberstone Shoe
—x
International Paper common
Minnesota & Ontario

42

V/.77''••,■•■•:-:■'•'-■.■-L'V;,-'p--.r
2.10
1.90
2.10 7
1,900
*

Hayes Steel

'

Jan

Sep

45

100

.,.10

18

17%

25"-'

50

71:7

7

/18

2% Oct !

•

155 ;

38

95

__7;
*

,

Sep

26

6,600

7^.4141
38

common

Paper

7

104% Apr
7,29,
Feb

Dec

135

75

7

Apr
Apr

Apr

-

8%

19%

20

t-

78
185

34

19% 77-3,995

30

-

.

1*

Mar

7r7 2% ,Fer»

10,200
•

>

Sep
67% JJep
20 * Dec

630
-

41

Sep

7 13

30

152
3%

;

345

! •

Oct

Jan

.;

35

4

2-,100

:

3 77^7

———*

Stop & Shop
/_
Supertest Petroleum

,

m

;7;7:.

38 7*7:

r

46

,

^

ami,23

..

Sep

160

100
950
335

21V*

__

24

75

;

84
15%

pou
' 14.. Dec

175

161 .y;"7
5

32

common——.

i

7';7

.

100

-s

.7;

37 Va

7 28

100'

*

.—

Temiskamipg

__

22%

5

—

Foothills OH & Gas

Pend

82

21^
21
-vy-'..— 7'-:15

'

*

„:

Glass

Dryden

V4

1.33
2.28

1

footnotes

13

1.30
2.10

—•

Preferred

For

13'/8

1.33
2.10

.-7

——a.

Class; B
•

13%

1

Silverwood class A
,.

•

,50c

Mines

common

V T C
Sigma Mines
....

1

...

.

'

*■'>•

.

•;<*-?v

Press class A

Dominion Textile

.

i
Gold

1

Oil

Donnaconna

4%

-

..

;2% 77. 2%

*—'.

Lumber

.

82

•

preferred
Bridge

Dominion

4%

^

common

Western

27Va

*

common

Dominion

,;> 25%
24% 25%
17 :;7
7- 7 n 40c 40V4C

Shea's Winnipeg
Sheep Creek

common

Dominion

.„*

Shawxey

Vickers

27Va
77:7752 7; 7 54
100 /, - 161
,• 7
160

_*

——u_

deHavilland

64c

Shawlnigan

:6.55 Feb

Dec

Dec

•,

High
14

j—*

Consolidated Paper
Dalhousie

23c

Senator Rouyn Ltd

Sugar

Marconi-*.;'

Consolidated

4.50

22c

'7/77:7.7/.

14

——__100

Westinghouse
Coast-Copper

9c;'. 78VaC 7' 9c

—IVy-..

Mines

7 Mav

Range f or Yea^ 1946

Low

.

Canadian

105% 105%

..

*_

Industries

Canadian

-Jun

77:.:.';;

——-

cf*'

120

preferred

XSMI

common...^.*

Preferred:*--*—

:Jan

38%

7 119
'7 77

Paper

Pulp

Fairbanks

Canadian

25% July

15':

.100

Lawrence

29

13% Dec

•

Oo common—.

Canadian

1.57 Mar

25
57c

St Lawrence Corp common
Class %A

Apr

-

43c 7 Jan

Oct

19c

.

Par

:

Canada Vinegars

Feb

64c

;

12

105
r

10c

7
.Last yyy/:- Rang*
7gof
WaA7''-7y,^7>y7v'.
8ala Prlea
at Price*
Shins :
•
"

National^7———————7*

Preferred y__
Canada & Dominion

Jan

38c

-

Preferred

Brown

Dec

Jun

;

'

..

-

Asbestos Corp
British Columbia

Apr

22c

43c

47c

% Mav

Oct

7 2.95

15:

v

Exchange-Curb Section

-'y

7"

May

16 % May

1.03;

49c

"

Oct

Jar

Nov

•

Jan

13c

30c
41c

94%

-12c

15

V

R»»»

22

3.40
26c

11c V

I

'

7

>■/•/:7'v7v^^777:77y7>77■•.•■,•:.

Jan

•

•

—

-

c

49

:

St

■

i

1QC

12%

__1

24

14
10c

•

7

25c*

'

7 11c

118

fc

39% May

21
42

10c,

39c
73c

.35

13%
10c

-,10c

.

.

42

-IOC

,

34

21

-

14

—1
:

.

'7
:7;7'7^V7
*

'

Rouyn Merger Gold Mines
Roxana Oils Co

•

10%

40c77r-40c '■•■47c

—*
common

73.15

7r

:

Dec

67c

-7

11c

QQ

16C

7i7.t77-.-7;/^-sb77,7y.7'7777 77/i7Frtdv-'-^:;.;WMikV:,i.; Sales

Oct

8

1.99

.

—177'

Class B

.

23 Va

1.40

974

,

14 %C

777.7725 %725%.!
3.15

Toronto Stock

Feb

.

1.14

57o

'

QQ

lie
•

_y__—

Dec

7%

-

—I

lf>

Dec

■

36% May
108% Feb

—_i—.

Apr

1.24

1.25

29c

Dec

37
::

Nov 7

ll%c July
23c
Dec

7 13%. 13%

Jan

Dec

39

Oct

Mar

Mar

1

21%

20

63c

-»

UchI ;6s

..

'

1.17

1.01

25c

55c

30

Oct

34%
103%

Jan

60c

'

Oct

25

105

■

Knitting common——

,

—

—1

Richmac

Robinson

v

Dec
Nov

33 %

Feb

Nov

1.69

,

1.041 j.

90c.

-

-1

1

Gold

Silk

25c

14%

—.

25c

,7; 15c 17%c

v

5.10

31,

Dec

16c

30."

105

"

7 18

35%

287

■

"i 16c

i———

u_-_

Ymir Yankee

13% 13%i
54Va ' 54% -

20

,

._*,

Reeves Macdonald

Riverside

35%

29

40(5

3.R0 Julv

38

7

; loc ijan

24% Nov-*
48c

22c

*

"

D~ec

7; 18c

BONDS—

1.92

96c.

Quinte Milk

Robertson

36%

i.——:

-.

f/-WA

1.07

Quemont Mining

Winora'

York

;

13%
18C

90C

common___

*

28%

^7

Wright Hargreaves Mines.
.

17C

.40
——y—«—--

■

13

13%

13%.

-

Quebec • 'Gold..—7—•-

Reno

28

36%

■

"'/acJan

"JO p'b

°Ct

500

24c'

21c

:

common

Wool Combing

.

-1

-i

.

Ltd

•;1213

58c

/ 22c

.

—

Winnipeg Electric
77.'preferred

V;

Apr

^May

AfSS- ,:;..JS*.S2

;■
'

4.60

7

"«

:

85c

12

11

'

Rentrew

25%

52c

28%

—1_;

com

—

1.00

1.25 >1.40
50 % 50%
9%
10%

10%

—

Preferred

32c

71C

':7:-77

.1

Proprietary

Regcourt

20c

__7

—

new

20c

56c

Consolidated

class A—
Preferred

y:

1 80 Jan
26

7

25%

4.50
■•7:7:25

4.50
25%

—

New

34%

88C

,

-1 ;
1.25
1 00 7! 750 Va

;

—

29C

85c

—

;___

vPurdy MicaPurity Flour

V

Jan

105 y" Julv
M»y
21%
^

Dec

"

Mav

39c

,

4,600 -7850 J'llv

22c

25

J

,

47^-7:

■

3.25

34 V4

95c

...

-*

Gold

Trust

Mines

|

~
25%

Preferred
—._—^___—__li
V J:Wlltsey-Coghlan Mines
Winchester Larder

.

-.-U 17737cI - 41c.„;„
34 Va

-•

Corp.

Premier

—

—,—S

it—

Gold

"

>

14c--.

3.00

32 c

——

Premier

Lake

Westons

29c.T
1.26?

7;y3.55, .7 3.557-3.757,7

_1

—

Power

f

56c

12c

v

I

._,

-

West Malartic
Western Grocers

y

x?l' feb
18
Jun

Oct

9 25

'

B C

ol

Porcupine Peninsula
Porcupine Reef—
Powell River
__i
Powell Rouyn common
Voting trust certificates—

.

1

'

-I

Mines

Pioneer Gold Mines

;

52%C

"26%C 17 25C

,■

'

I2c.;7

ioc

-y?77vT.18i">:7l.l5;.
—

Crow

.»•:

.preferred—

Oils.

Wekusko

5%c v-:l

53c-

Jt

Mines

Piccadilly
7

lie 13 VaC

.

7;

^7775%^

Paymaster Cons Mines

Wasa

17VaC..'22c

•

v

33% May

vv

9 25

fWaite-Amulet Mines,
litd--—^--—

7

]t
13

Dec

13% May

■

•'S9*%
?'375 '7
°?ec
2i| f 15:£5::7|33JS

i.

Walker * (G & W)

1.70

18c-

77-

.1

—

1.53

13»/aC'

.1

;

8%c"^'

18%c

1.60

.

51c

7':$3V7:;-> ■32<vy:33>?7

'

Parbec

—2

7c

50c

175

l?11

%"e

—__

Dare

Vulcan

.1

Page Hersey
Pamour Porcupine Mines Ltd
Pandora Cadillac

Partanen

Canada..!

;Virginia
.

" 14c

nls ■''•■•'00 "r',13

A

7/; VUibona
7c

r.

•••"•»"

■*

«

as/'

■;

Anr

47% Dec

-

___•

•:: Vicour Mines

-

•

inn

2,500

,

AS??f

*

:

.Steel_____„__.L__^—

Facalta'

•

_^—

Ventures, Ltd

Mines

*21% *21%
v*L

nn

OV*

Jan

Jan
11'/a Jan

»??'••"£ *»
13 '104% Jan
'

.>11JV

2-40 Feb
6-^c

■

Upper

Mines

'

Pacific

B

1

•"7

United Fuel class "A"_
Class B
!—
United
Oils.;:.————______
:United

•

:

Orlac Red Lake Mines
Oslsko Lake

•

'

18c

21%

't

v

Ill
20c

,

2n

Dec
,

Mav

1.25 May

1,10 Dec
142

Dec

80c

15I/<S! Dec

1??

PPb

145
<

-

Dec

5.35

Dec

20c

3°?

'

12 Va

- ;

Oct

'

'•1
85

/

™ Aug

'"

125 Aug

44c

,

V

?«

54% Are

Dec

37c

•'

l'?on

175

1.95 Jan

27Va Ma*

:

3.05 JulT

'3

•'

2n

at

101/10

•

11

37,000

»

in'1

1

n

111
7.1

—

*v,'.'.

Dec

4 10 Feo

Oe®

' ' <,?* °Ct

25

"

Zg"aoi/C '1 y'x 4,380

'>175

191/ "

Co

V

•/''dTo

■:{

City common_.i+_—

.110

lov TS?P

5.377
180

10

i.

v;

TronscontihentaV Resources.

-•

,

'

—

;

O'Leary
Omega Gold Mines
> Omnitrans Exploration
Orange Crush common

60c

10c

122

—*

v

'

fa

-

""

Mortgage_;-__7_i.___—__«._10C

Jan

5;-'" 52% July

,

'

,

^

48c

•;
18

vie*/TV*

1•

Traders finance
preferred__-iU_:i__ilO(
'r-V.-Class A' rights.
Twin

Jv

/? '

o

?

'

,

?1S 3.65 L35
1.35

:.

General

Union

'O'Brien Gold Mines
Ogaraa-Rockland

°

K

—.

.

1

j

ca

54'.:®*

54VI.

1

12%
o

x

a

9c

May

<•«"»

: 98

;^ " 2.15 July

5

-7; Class A—

29c

<

Norzone

50

Tombilt^_6i_'*_—^-—*

Toronto

203

20

f-;

827' *'2?"" 3'522 " ^ 80c

,____*

:=; Towagmap

12 Vac 15 Vac

North Jnca

.

——___i
Carson com

~

Northland

?d

W%~>S'v-£

Trust—
100
Toronto Iron Works
—_______J____*

•;

•i1o7;;1''S

_____.i__.i__*

GOld
Canadian

Toronto

«

Norgold
Normetal
Norseman

:

65c

»»•

1

common

I Toronto Elevators

50%; 57%

•;

50o

-

&

24

I*4'

'

■

,

2.10'

'

S

9?/*° $ >S ;
■;'I SH£5
/sc. 3™. 1?:^?. » - 1SS
?
2,7° >: 6'400

-lis

1

Tip Top Tailors—*

9%c

2; 10

.

Gold

J

9c

8c
'v

s?':

Preferred___________i.___4_-_____100

1.40

9c

n

ss

|, iwSf
iot"21

> v-io

-100

i Thompson-Lund Mark
Gold Mines——*
Tnurhois Mines

: 15c 16 Vac

ft

—

Norbenite Malartic Mines
Nordon Oil7

v;

Mines.

Preferred

Texas

S

17 6 Nov

J J4 '

Teck-Hughes

2.25

1.35

9c

River

Jun

Jg*

'

•

—

Taylor Pearson

11 %c 12 %c

1.38

y—

Nlpissing Mines !
Noranda Mines

2.02

11 Vac

Yellowknife

Nicholson

15c

'••7

31%; 31%
!.y 24 24%

24 Va

1

set

•

Mines

Consol

Tamblyn (G)

12%

12c

•

New Calumet Mines.
Newnorth Gold Mines

Taku

12%

i_25c

Bidlamaque

1

common

100

cons

Inlet

40

%*Jan

^i°o

-

ioi:

1

19'/a

29%'- 29%

Negus Mines
-New

iron

Sylvanlte Gold Mines

13% ■13%

A—?

National Sewer class
National Steel Car.

2

Surf

19

class

•

Contact-.

buiuvuu

101

A?§7'I : bS" »«

rr?/

nu

*

River

Sudbury

Mosher Long Lac_—_1
Mylamaque Mines
I

National Grocers common
Preferred

Rock

Sturgeon

l

National Drug & Chemical
preferred

*

Sterling Coal
Sterling Trust

Locomotive

Morrison

___•

Co

Steel Co of Canada
aieeloy Mining Corp

__100

Porcupine

■A

^

Starratt Olson

33is

,

,.*■>

Class B

___100

'

•

Stanley Brock class.
A——

*

common

Monarch Knitting common
Moutreal

a
__*

Standard Radio class A

1

;

—

27% Jan

ifo

Mines

Preferred

Mining Corp

V-JSS

20

Springer Sturgeon

Milton Brick

11

28%

1046

Low

1

Standard Chemical common
grandard Paving
common

Mid-Continent Oil & Gas

HloK

'

.

Co

Ohaaauutib

•<

100
..

Slater.

1

Mercury Mills

Moneta

A...

MHIW.

'

Range for Year

*

.:

,

ni«0«b

for Week
Shares

of Prices

Low

A

Class B

Preierred
Siscoe Gold Mines

McDoUgall

McMarmac

class

Sales

Rangev

;

ce

f;

Monday, January 13, 1947

•

THE COMMERCIAL & FINANCIAL

CHRONICLE

OVER-THE-COUNTER MARKETS
Quotations for Friday, Jan. 10

Reorganization :Bai(s--;V1'".
Rails

Investing
■

Bid

Far

Funds—,

Mutual

Aeronautical

1%
Amerex Holding Oorp
10
American Business Shares
1
American Foreign Investlng.lOc
Oil shards

Axe-Houghton Fund Inc*
Axe-Houghton Fund B-

—J

Beneficial Corp

1

Blair A Co

of America——
Boston Fund Inc
—B
Broad Street Invest Co Inc—.
Bullock Fund Ltd..—
-1
Tr

lnv

Boud

6.09
4.56
35
4.01
9.16
- 7% ..;
7.54

.

*

Bid

Far

■

ed)
V(When, a* and if issued)

Ask

iCont )-

•

;

.

Series K-l
Series K-6

19.15

20.98'

21:52

23.64

Series S-l

6.69
4.96
37
*
4.39
8.94
8%y
8.15
< 15.90 >. 17.28
/:/" 6%
6%
4%
5%
99.58 103.73
22.45
24.14
17.81
19,25
18.0}
19.74;

...1

Becuxltlss

Affiliated Fund Inc.

As«oc'ted- Standard

;

Keystone Custodian Funds

v

-

'

Ask

26.50

29.1Q

14.73

Series

8-8

Series

S-

Knicke,-bocker

Fund

4.50
5.20
30.74
33.05
14.62
15.82
Christiana Securities com—100 2,880
2,980
Preferred
......——.—100 148
153
Commonwealth Invest——.1
5.88
6.39
Delaware Fund——
—>
16-38
Dividend Shares
—*JB« , 1.50
1.65
lnv Fund Ltd—.—1
Century Shares Trust—*——**•
Chemical Fund—.
—1
Canadian

'

Income, 4%a

2018

61

1993

89 ;Vv

>

shares

14.15

15.25

10.47

11.32

25.17
15.49

24.12
Financial Industrial Fund, Inc.
1.98
First Boston Corp..—
10
42
First Mutual Trust Fund——8
5.66
Fundamental Investors Inc
2
13.94
Fundamental Trust shares A—2 *
5.85
General Capital Oorp————*
4288
General Investors .Trust........<#»■*.'., ' 5.69

7.75
5.40

Aetna Casual & Surety.

6.82

7.61

Aetna

6.92

7.61

Aetna

series

series

3.95

-

4.46

•

Securities—
i ' Y
Agricultural shares——— ■

Group

?

j

,

7;

Agricultural

——-

————

6.50

6.14
8.82
6.94
Electrical Equipment—«.
10.01 ;
Food shares——————
5.45
Fully Administered share*—7.72 ;

Building shares
Chemical shares
:;

8.14
7.00
9.98
Investing
—
——
8.16
Low Price Shares
——
7.09
Merchandise shares.
9.21
Mining shares
—
*—*;;••/ 5.28
Petroleum shares————
6.57
Railroad Bond shares———
2.71
RR Equipment shares——...
4.57
Railroad stock share*—.,
4.56
Steel shares——
-—A 5.15
Tobacco shares——
—;
4.72
General bond shares

Industrial Machinery

'

shares—

ntllltv

Huron

Common

6-90

7:59

8 .61

11.47

9.63

—

9.88

10.86

Boston

8.19
9.73

10.70

9.96'

10.95

—*—

Oils

10.78

-

B-4

28
.10

I

National

A

(Geo)

Empire

Federation

North

y 20% '

75.;

Northeastern
Northern

•

5

%

-

Fire

-65%

Federal

3,98

-

Firemen's^ of

2%

69%

Preferred Accident—

54

Providence-Washlngton

5

12.38

82c.

90c

44.50

47.50

Hanover

89c'

Hartford

23.16

Hartford Steamboller mspeet..lQ •V 3ftr

25a
series A.***

Fund

80c
22.46

O

.

:

.

7.22

f

19.21 i

—*,

6.53

Seaboard Surety

20%

Security New Haven

53-

8%

11.45

Bond

34

50%

Globe & Republic.
5
Globe A Rutgers Fire com— 15

Glens Falls Fire..

*

106.20

>

36'!/3"

,

(Paul)

10

Fire

Paul Fire A" Marine

67;;.7ov^:
^ 53 %;

•

.'I 50%

\

'29%

31%,

■

104.10
6.60

.*-/11%;;
,

4% ;;••• o;%.
26%
29%-

10

iTexas)

•

Revere
St

10

*
Selected Amer Shares———2 M»
Sovereign Investors.—*——I
Standard Utilities
10c
'

Republio

14% '

.

'' 34,

2nd

Springfield Fire & Marine. —25

109.'^ 1.13%;

Standard Accident...

v

.27%

89

k:

*****

Fire.

—.

—

...

28%
26%

0 8 Fire—

'41-

'

-

4

0 S Guarantee..,

113%

108%

605

-

48%
78

10
2.BO

Westchester Pire—

,

/

:

•'••-45%%:.' 47%

0 8 Fidelity A Guaranty Co.. 2

.24%

16
(ft

:y-

590

Traveler*

>

26%

■

30 %'

*

;

fAiA-ArJ

24%.

V

85 j

18

preferred

'

9% :

21%

-

'

53%:
60

>

8 "10%

10

Oorp-(NY)

23%

:

.

;,31 *•
Gibraltar Fire A Marine^— 105
18%

it 3%

Reinsurance

100%

96%
13%

,-21%

.

.

86

'

58 y,

B

*

-

> -

■

%

.

%..98;%

50%

10

166

.80

-

";"94:';'V

10

5

,—5

Newark-.

Fire—.J

Franklin

'}?kA

28

r

1
:•

f 55 '>

Fireman's Fd of San Fran. *—10
16.68

3.62

Clark

Scudder, Stevens A
Fund, Inc

50

-23%

•

6'% ;.^7%-

1* HQ

Employers Reinsurance

158

21%..

.53% :

■

Fidelity-A: Deposit of MA
20
Fire Assn of Phila—
,——10

12%

2.50 ;

—

8.87

12.81)

<

i

53 •,•'- :

50%

8

River.

8.56

100.

Pomeroy

'

51%

-,:;;

33%

84
"

36%

21.00

7.14;
<; 0.10:

Fund B—

8.38

Preferred Stock Fund——

20.95

22.90

-1

18.17

19.83

2.50

6.80

7.75

Independence Trust Shares.*.**1*

2.5?

-2.80

v

Diversified Trustee Shares—

29.35

North Amer Trust share*—

'
27.93
18.83

10.35

D

Series 1956—

3.39

Bond*—'

2.90

—;

'v;:-■

21%

'-IsV

Ss—*——1966
87% : 88%
Australia 3%s *.——*——196ff.-k.*'
.
—
Calif Elec Power 38—^.*—1976' 104- '104%
Electric 2%8*-*—1976

1970

Banks & Trust Cos.
441/4

42%

103%

100%

Guaranty

100
*100
10

—

Trust

Irving Trust

133

128

Fulton Trust—*———100
Grace National

382

367

Bid

Par

28%

City P A L 2%s
1976
Kans Okla A Gulf Ry 3%s_108O

Kansas

Monongahela Power 3s
1975
Montana Power 2%s—
1975
Ohio Public Service 2%s
1976
Pennsylvania Electric 2 %S—1076
Philadelphia El Co 2%s
1981
Philadelphia El Pow 2%s__1975
Portland Gas & Coke 3%s_1976
Public Serv (Okla) 2%s
1975

.100 1,770
4u—25
49
20 f 55%
Morgan (J P) & Co Inc
100
266
National City Bank
___V2% ;/ 43%

Kings County Trust

39%

Lawyers Trust

44%

46%

Manufacturers

43%

; 45%

37%

,

Trust Co

New York Trust

Public Nat'l Bank A Trust_17%

-50

95

10

22

24

Sterling National
25
Title Guarantee A Trust——12
United States Trust
100

$

38% ;• 41%
10
1,665
*—.100 1 ,605

'

102%

100%

•

v

r:

Monongahela Power 4.40%—100
Ohio Public Service 3.90%
*

—

104%:
106%
102%
102%

101%
102%
103%
104 "
101
102 99%
100
102% %103
,

101

99%; 100%

-v. fi'. P-N. '4 I'M
'S.-iyi''*'• ^ *■'" T'f'
Preferred'dtocks—ij;;v. Fa* ■'

■<%

A

.

102%

Pennsylvania. Electric 3.7039—
Serv
(Ind)
3.507#

Public

Ruppert (Jacob) 4%%
—.100
3cranton Electric 3.357#—
Scranton

Spring Brook 4.10%.

Oil

Dnion

(Call

Westinghouse
Willys

101'

102

100%
95

■.

104%

.106

92

100

95

;.

62%

>

102

102%
102

101%*

3.807#

4%%.

'

:io2%
: 96%

a

101%

$3.75

Elec

Overland

\*

108110-

.

53%

.

99 %

25

19%
60%

90

•

103%
105%
102%
102

1965

Laclede Gas Lt 3%s—

180
200
333
17%

.104%

*—1976

101%

102%

A Light 2%#.1975

103

100%
102 -V

Yonkers El Lt A Pow 2%s—1976

103%

104
101% •
104
99
'

1976

Power

Utah Pow A Lt 2%s

(Ask

102%;

Transm 2%s—1966

Texas

-

102%

98%V, 99%:
104%
102 V'4

1961
1976

Pub Serv 2%s

Iowa

101%
10314

2%s—1976-

El 2%s*—1975.

Tenn Gas A

,

Paso

Brook

Sioux City Gaa a

Bid

Far-

•'.

.:;.'

Scranton-Spg

aa

American Airlines
;v

';.'Ask

;'%&v Z'A' i

'Ask

Bid

:

Far

——1
1
U S El Lt & Pwr Shares A.
Series 1955

r

18%

Bank A Trust

'

23

Fire

Pacific Indemnity Co.
Pboenlx

';V-

General Reinsurance Corp..!

58%

Fiduciary Trust
First National Bank

York

New

*

;;•

*

yNew Hampshire I Ire...—.. 10 ;

Pacific

15.51

Bank A Trust_20
—*—

6%
66%

31%.

Crum As Forster Inc.—

»7

a ■;

_

'31% "

:

Bank & Trust—10

Trust

A

51%

.

i: .;

—

5; 39

•29%;

-7

20

Trading.
Fund..

30.53
14.08

27%

20

Trust Co

Continental

5
10

87-

;^28.;v>-",

26

.

Casualty

'28%

8.06

Republic Invest Fund.
3choellkopf Hutton and

Commercial National Bank A

Corn Exchange

^63%;

,

.18%
■-72

y

21,
•r

27(Detroit)—10, t25..-v*
National Pire..:
_io ; '52%; r.54%;-:
National Liberty
:
1
M ■«%:
147
; ; 157 ANational Union Fire
20
New--Amsterdam Casualty.——S ,
27 %<
20%r
New Brunswick
—.10 ;•! 24 y'r,
26 ,t

National

'18 -:

.68 ;.v

City of New York.....
..10
Connecticut General Llfe—___10

55%-

82%,

>

34 %.

,
"

Employees Group.

13.27

7.78

Wellington Fund

Bid

15
10

Bank

Chemical Bank A Trust.

,

21%

Continental Casualty__

^ 11%';,

SL-j Unit Type Trusts—

New York City

Chase

-v:

^39

%

' 19%

Merch A Mfre Fire N Y

-

6.98

11.71

_——-

Petroleum
Putnam

20%

62%

;

2%s

100
Central Hanover Bank A Trust 20

,

15 %-••.

*

5%

Illinois Power Co 2%s—

Brooklyn Trust

27%

;i02

53%

..———.-

Massacnusetts Bonding..
12%
Merchant. Fife Assur,
^—*—8

,;ni%.

64

—

preferred

y,"Convertible preferred

6.03

——

——

Tobacco

—

Gatlneau Power 3sa—^

PAAAP >: ^ar
Manhattan Co.—10
Bank of New York
100
Bankers Trust
10

Ask
■

Casualty common'—;.! A 10%

6.34

-

Railroad equipment..
Steel

Prior

12%

•18%,

60%
36 V:

.

0

E1

Bank of the

34 i

Fire.

5.47

Utility

Railroad

Union

28.02
25.49
17.16
9.43

,

20

Maryland

...34

>1'

16

.10

;

Camden, Fire..

9.46

12.08

—

.Public

Series

B-3

Jersey Insurance of N 7

*

11.86

8.60

*

B

B-2

74

;;f

31%

9.01

Common Stock

Series

4

Bankers & Shippers.

13.06

Union

B-l

98%

20 %

Baltimore American.

12.78

Trusteed Industry Shares

'

10

71

_10

State Street Investment Corp—

OustC-lan Funds—

insur Co of North America

•49% y

American Surety...
Automohlle
y

11.89

—

—...

Securities Ltd-—
shares——
Bank Group shares—
Insurance Group shares—....
99c
Stock and Bond Group shares.
14.28
Investment Co if America—10 4;; 28.08
Investor* Fund CL...
»1
13.78

Series

Reserve

11.63

Metals

Aviation Group

Series

American

Fund*.

—

Machinery

Institutional

li-%

13.86

_

Series

,

10.59

12.62

——

Merchandising

———.

10

47%

Casualty—..:

Speculative—*
Electrical equipmentInsurance stock,—

7.80
10.12
5.81
- '7.23
3.00
5.04

Bid

25%

t56

'10%
.0
B : 16%
American Fidelity & Casualty.#. V10%
19%
American of Newark
8%
American Re-Insurance..—L10
31%

9.47

10.44
—

Equipment.

Diversified

8.49

Par

Home
Homestead

:,

American Equitable..,—

10.62

'•■•;

..—

Cl.amical

Incorporated investor*..

Keystone

9.66

stock.

Bank

6.00

••;»:

51

-49/

—4

87.

53%

Automobile.—.*

American

.16.55

Business

Foundation PUnd Inc

Income

American

-6.36

Building supply

5.02
:. 5.67
5.20
;5.62
6.19

—

Holding Corp—

4.05

5.73

Aviation

8.95

.

3.64

15.43

England Fund—

Automobile

7.70
10.48
f 8.97

-

Alliance;—*«.*

Stocks Inc—
Agriculture

11.00

—

share*—

Institutional bond shares

-

American

New York

7.63

r

16 ••

com.

Ask

84 y

—25

—

4.36

Stock series

7.15
6.76
9.69

Autortioblle shares
—
Aviation
shares—.

Grande

•

65

..

8.99

Speculative series

7.82

At' Rio

Preferred

—10

Life

3.92

—

Diversified Investment

-.7.11

,

,-"lQ

8.14

New

'

Bid

.4.10

—

Preferred stock series

25.97
2.17
45
6.31
15.28
6.74
48**
6,10

Fidelity

—1

—

Fund
1
Fund Inc.———;

,

""

'

7.05
4.88

Low priced bond series
—
Low priced stock common-

26.91
16.56

Stock

Denver

63
1 91

-^LV3Q

28

100 ' A 62.:
-62

Insurance Companies
Par

Selected series

A Howard—
Balanced Fund

**♦"
—*

—

J:

—

14.21

—

Industrial stock series——-

Eaton

Paclfio-

*

preferred
0preferred

12.24

National Security SeriesBond

-

'

National Investors Oorp.

Income

•

Securities-

Nation-Wlde
Balanced

Common

27.58

25.65
11.38

*-

Chicago Rock Island ds

•'

>

Ask

*

8.72

7.93

1
.1
Mutual Invest Fund Inc——10
Investors 2d Fund

Mass

Stock*

,

' 107

-

>;
.Bid

49:70

48.71-

Mass Investors Trust—

/.>

,

"r';'V::-rar>

.v '..v 85

1st 3-4S incomes.

j,;.

105.15

Loomis Sayles Second

Ask,-

•

.

'■

Denver At Rio Grande-A ", - r

6.05

5.46

—

Fund—*
Fund—10Manhattan Bond Fund inc— ':
Common
ICc

Loomis Sayles Mutual

n.

:

5.16

4.67..

1094 : • 104
2019 : 82

4%s_—

:

. ,

.

1st .4s—*———*,

Conv?income

13.11

*

Bid

Chicago Rook Island A Pacific^
v

16.21'

*•'. 11.93

S-:

Series
v

'

Par

Bonds

^

v

43

68
15%
715

United States Treasury Bills
Bates

quoted are for discount at

purchase
A Mr

Obligations Of Governmental Agencies
Par

Bid

1950-1948
—
l%s May 1, 1950-1950
1 %s Jan. 1, 1953-1951..,**—
2V4S Feb. 1, 1955-1953
l%s Oct

1,

Par

Ask

Federal Home Loan Ba&ks—

federal Land Bank Bond*—

1%S

Apr.

100.10

100.6

99.2;
99.24

Other

99.6

99.28

15,

1948

Bid

Ask

Jan.

Isuiet

Canal 8s——1961

126%

23,

128

Bbb.

{March 15, 1947—.
15 1047—

1%%

Bid

100.2

.1%%
AVt%

100.13

1947.

{Sept. 15, 1948.

.1%%

100.26

fSept

ffUnrt

15




*

1947-*,

13,

Mar.

b0.375

1947-—;

Feb. 20,

represent one or more 32ds of a point
Maturity—
Dollar
100.3
Certificates of Indebtedness—
100.14
t%s Feb. 1, 1947
100.9
t%8 March 1, 1947.
100.27
April U 1947.........
—

100.8

A«k

t%8 June 1. 1947-

•'

{%s July 1, 1947*——
*%s Aug. 1, 1947-no. «i— *****
t%S Sept, 1, 1047—*
**—
4 r>•' t%S Oct. U 1947****—*
iVoS Nov. h 1947—*
.

a

Frfee 100

Bid.
.0078
.0145

lot sale

-

Mar.
Mar.

Apr.

0.35%

1947-———
13, 1947
—...

0.357#

Apr. 10,

0.347#

0.35%
0:35^#
0.357*

0.35%
6.35%

1947:.--:—bQ.375

'

.

1

1

1

*

f,

a

(not included in year's- range),

J,

bBid yield price,

:

,

\

*?

.

1

U?

d Deferred delivery gales

yearls range)., e Ex-Interest. :'f Flat price.Vk Removed to> Stock Exchange. rCash
(not inoluded; irr year's range). tEx stock dividend. . (Un) Unlisted-issue, w dWhen delivered,

\

(not included in,

I

sales

.0120

w

.0198

.0241

1 When

Issued,

»Ex-dividend, y Ex-rights.'7a

7;

'

♦'* '.w...1.-,

*.

-

* \

'

'!.

.0327

.0358

—

l'/is Jan. 1, 1948.——.—.

,0141

1„ 1947

Odd

Plus
Ask

.0282
.0301

.0355
.0266
.0233
.0266
.0298

V/bB Dec.

t

1

Figure* after decimal point
Int. Bate

*

1947;***—*—*;***'' bO:375:
b0.375
b0.375
20, 1947
—
b0.376
27, 1947————
bfl.375
3^ 1947^^;;*;;—;;;;;;;;.;bo.375:
27.

6.

103.6

103

Qnetatiens For U. S. Treasury Notes
Maturity—

.*.! b0.375- 0.337#
b0.375 0.33'/#
'* b0.376 0.337#
—'• b0.375
Q.347#

1947—*

J|ni. 30, 1947
Feb. 6, 1947.
.

Panama

Mar.

16, 1947—

Jan.

;•;*#■■■
99.31
100.2

Feb.

X ' ■
b0.375 '0.287#

TreMury bill*—

♦No

.0394

.6465
.0392
.0376

.0425
.0474
.0333

;

dividend.

par

Value/ tin default,
(;

'-v.

.

{These boftds are subject. to. all Federal taxes, lEx-iiquidating
A\
■ (7"
»

•v.

Volume: 165

Number 4559

THE COMMERCIAL A FINANCIAL CHRONICLE

THE

COU RS E

O F

B ANK

247

CLEARINGS
V {
,
...

Bank

:

.

clearings this week show

witty/

decrease compared

a

.

ftig foregoipg will

f

l#.aspd upon

from which it is possible

0.6%: below ■!;those for

year?

))^

the

this

center

there

day "of 2.8%.

follows:.

is

loss

a

week.in

for

the

week

1945/

ended

are

totals

Saturday and the Satui Jay figures

In

the

ended Jan. 4.

For that week there

2~i

rl^'4s tL

$5,706,925,421

Chicago,.:,——525,846,222!
Philadelphia..,«. 1
649,000,000
Bostpn—
Kansas City.

' 457,013,270

:

Pittsburgh

+

.<•

'X

+ 22.5

+ 40.4

176,377,474

148,776,750)

Wepk Ended /an, 4

+

s

^

$8,590,952^631
2,007,389,410

$8^43^309^320^
;i,830,416,390'

10

—1—

live days.

+12.4

9th

Minneapolis

$10,276,725,716

+

2,590,115,666:

,City——i——-rr-—

3,7

$12,866,841,382

12th San

Exchange is appended.

The

*

Description*-?S|;ock, number ol
I Shares
—

'

'

r

■

"

•

■

"

r

1946

.

;

29,833,682

1945
34,150,731

•'

1945

.

Railroad & misc.

bonds

,

$120,544,500 ?131,328,800 $1,264,521,Q00 ??,147,723,400

i——

Foreign govern't
bonds

Tptsl bonds

-

.

6,743,600

.—--

p..$. government
.boi^is.
-

-

9,357,00.0

80,587^00

744,800

.19,066,150

—

Cleveland

106,153,160

264,650

8,108,550

.

Month of

$127,552,750 ,$141,430^700 $1,364,174,159 .$2,261,985,lip

Tjie yolume of transactions in share properties on the
New York Stock Exchange for the twelve montiis of 1943^
r.l-X;))"
'

Month

C

;

FSAO ;l
No.Shares

|

No. Shares

No. Shares

17.811,394

17,100,772
27,643,038

18,032,142
24,434,084

111,266,707

.March

,

99,100,023

62,555,204

-Fii«0 Quarter
\

April
May

.

31,426,715
v

Quarter'

.)j5)y f01pnths

/

19,977,030

—

20,807,082

21,714,249

"

84,852,398

4r-~- 279,672,501

October

—

November

St. Louis

serve

.

Min¬

the

City

increase of 15.0%,
and the

San Fran¬

•■;";

1944

-

*

:

462,755,111

•<<

6,586,512,495

'

742,777,905
A..
</:

713,071,097

.

445,938,805
640,914,093
287,018,013

»,%*■

+15.0

-

-

,

.435,531,753

_

674,445,853

v.;,.

<.310,564,475
.230,699,912

293,313,159 A'-•<

,

-

166,225.078

-

+19.8

298,563,964

...

189,906,549

:<:<+•'6.3
:

1945

309,931,191

+ 27.5
•

346,868,623 i

•

168,280,911

/;:/< 513,298,984

<:■')+) 5.1-":<V
+14.9

v

_

562,266,902.

.

11,008,958,612

11,532,339,001

4,716,209,354

District -.by

.

5,167,401,272

.

18.9%

25.7%..)) In

and

-

in

the

the Chicago Re¬

Reserye District of 29.7%-and in the;

Minneapolis Reserve District of 30.2%.

Reserve District registers

an

The Kansas City

expansion of -38.2 %,

the

Dallas Reserve District of

30.1%, and the San Francisco
T6.4%.;^;/..::< )/.;<
..)•'.<))
f.

Reserve District of

,

V

Inc.

or

r 1S44

,

Veq. %

$
:

+

36,023,962,309

1.4

3,390,082,469'
•

1,483,553,531

+ 18.9

+25.T

4,552,268,090

+ 17.7

1,588,058,858

J-

!

+ 30.2

1,766,642,497

+ 38.2

1,421,455,210

+ 30.1

6.6,007,244,046

161,415,497,739

*26,24?,580,250

r

'1943

;;

:>•

1.808,187,938
2.4,943,882,698
3,176.627,064

•

•

992,294,910

:

+16,4

31,509,992,691

"*«<«•

1,451,433,907
2,007,595,608
4,690,765,859
446,586,672

+ 29.7

1,112,305,294

t

3,190,499,918
3,065,883,732

<;

+15.9

2,153,466,552

'

K

2,077,513,891
30,556,334,640

+ 16.0

2,989,623,122

*••

-

4.5

T-

2,253,480,236

2,680,599.571

—184 cities

—

•;

District the totals record an
improvement of 17.7 %,

1,849,298,932
<3,119,851,645

—19.;

>

"

Reserve

2,441,577,501

Qut^lde N. Y. City—^

3,015,563,051
1,290,558,487
1,892,478,443
4,482,193,392
1,399,095,056
1,041,740,846

1,657,634,044
1,295,196,766
2,563,917,914

*1,145,752,162

7.5

54,995,657,861

48,307,975,682

I +20.0

25,271,443,693

24,202,377,392

+

1,716,462,865
2,395,433,680

30,383,870

26.324,332

We

14,251,976
15,945,982: 14,985,690

66,826,195

■

append another table showing clearings by Federal Reserve Districts in the twelve months for four
*{

/A<.-i.

;

•'

•

•

•*

*},:*<

'■

'

Federal

267,530,924 196,261,532 227,046,416

Reserys plstricts

<

1946

7

:

<

'

17,533,817

13,922,67$

40,^05,573

18,246,0ii

1st

34,150,731

31,259,050

19,526,660

2d

84.036,811 110,032,651

66,812,486

51,695,349:

18,61^,019

Boston -r
New York

v
-

.ll.cities
.14/ ^

—
—

*

Twelve Months

194?

.

iU

;

Tyvelve Months
Inc.

:<<:

or

25,475,838,863

344,130,911,099

42,068,244,256

+11.7

22,805,785,448

376,793,239,782

36,269,082,305
33,738,930,780

+

16.0

+

The course of bank

7.3

Cleveland

——

.17

M

5th

Richmond
Atlanta L

+ 16.6

16

18,811,055,293
27,949,126,328

1:16,135,479,617

——

23,058,225,298

+ 21.2

7th

clearings at leading cities for the

Chicago

__—.—

31

57,210,644,251

51,981,362,693

+ 10.1

month of December and the twelve months ended
with?

8th

St.

9th

36,203,336,925

8

Minneapolis

December in each of the last four years

10th Kansas City
llth Dallas

Louis

shown below:!

<

1943

20,649,344,216
257,143,184,165
33,909,713,332
31,325,719,792

:

14,086,930,417
/ 19,040,165,727
;-48,238,541,687
14,496,406,959
10,588,863,445
^"18,162,567,145
12,027,997,017
25,630,466,455

19,818,159,868

16,523,154,342

l'.; 12,132,612,601

+ 26.5

20,306,522,233
14,965,001,756

+ 21.1

28,849,058,671

+ 14.7

696,275,043,441

620,896,126,843

+12.1

560,024,469,837

505,299,900,357

330,210,265,793

—IZ!Z—il

12th San Francisco

'.;i{^CLEARINGS AT LEADING CITIES IN DECEMBER
(000,000:' •—Month of December—— f
-——+Jahvl to Dec) 31———

*

15,344,855,341
24,595,026,326
18,915,631,229
33,089,884,979

286,463,473,180"

+ 15:3

273,675,469,988

256,740,113,979

—

-

is

21,268,459,948 '
295,634,593,622
34,551,834,423
33,340,998,527
14,937,431,258
K 21,502,728,044 '52,419,340,783
15,652,439,316
11,049,294,538
18,841,824,932 <
13,457,831,898
27,367,692,548

9.5

+

.

"

4th

——363,709,312 377,563,575 263,07^,018 '278,741,765,

•

'

•

Dee.%

.16

'

Twelve Months

:4/;/rI?44^ "'/A'
<■)<)<a ));))):<;.

■

Philadelphia

3d

years:

'

Twelve Months

64,918,607 v 55,561,998

^5,476,347

'

19

+19.9

+ 26.4

'

r

omitted)

1946
«•*

New Y<n-k-

'

'

1945

g

1944
■

34,497 35,166

1943

1946

g

*29,724

'

g,

24,105 366,064

Chicago-'

2,999

2,591

2,217

Boston

1,987

1,934

1,533

Philadelphia

2,734

3,235
1,130 l> 917

3,043

40,138

819

1,154
1,705

1,073

1,234

1,504

1,268

11,261
12,822
18,254

St,

Louis__

Pittsburgh,
San

Fran.,

Baltimore,

31,913
21,539

•

846

7

736

690

Cincinnati-

.703

7

583

49T

Kansas City

Cleveland-;-

1,296
1,254

Miuneapplis

959

1,046
V" 733

506

7,

,

.N. Orlearis,

915

424

9,317
13,469

14,834

12,960
12,659

10;856

5,562

4,664

4,027

334

-4,782

108n

336 V

321

~

7

93

<2,361
3,444

3,291

4,571

«

\

r

covers
t

i

^

*>

the clearings by months since Jan. 1,1946 and 1945;
l/

•

:

^

,

r

;

,

»

*

'

.

-

"

r- v

'y.'

f

/

*

"

'

-

»

'

,

CLEARINGS

4,333

3,707

57,592,838,206

3,501

—

902

>
.

Total

lst,Quarter.

'

•1,878

3,074

2,491

53,673,338,763

2,412

•

i:
+12)4

+

9.1

+

".. .Total

•

2ncj Quarter,,,

1840

Clearings Outside New York/ixfc:' X -.vi;, 1945

Inc. or
Dec.

%i

9.3

24,987,200,588

+

6,4

+ 10.5

)

26,715,645,414
.23,150,349,683
26,591,372,184
76,457,367,281

...70,891,611,144

+

7.9

I" 22,997,145,805

+ 12.1

24,730,186,706

+

B.O

21,174,223,850

'

+

9.3

46,954,704,831
ir.

I)
:

\

)

+

21.1

:) 25,779/113,057

51,709,917,677
59,338,531,534

le i'

vi

g6,671,442,506
169,843,264,176

"

151,761,570,196

'

:

52,686,757,947

-

7167,715,169)341
56,312,980,626

—™-4-

Jyne

1,734

) 3,386

Inp. or
i pec;%

45,401,473,486

IrXl.
'
I

56,858,841,344

April-

866

1,944

Total All—
1945

1949

60,325,652,392
49,796,678,743

February
March

17,458

3,742
3,735

-•981-

Montha-r

January——

7,056

3,312

'
'

252

.

I

10,784

19,071
'

3,968

"

1,165

197

.275

compilation
'J
H

9,801

7,366

'

16,472

222

4

-Clearings,
-

•

4,704

Milwaukee-

P^uL-i."

10,065
1L239

11,529
10,364 ' 8,196
15,108

Buffalo

»

5,412

-

472<«

Omaha
.Providence,.

>*»

MONTHLY

7,543

5,860

»

13,267

-7,921

6,305

The following

12.623

15,743
8,315

Outside N. Y, City.

8,627

374

1,369 ; 1,173

—184 Cities

Total

1943

,

9,723
12,978

•

9,215
7,161

1944

^
^
.' V,.. *.
334,432 286,348 248,559
27,279
25,710
23.622
19,589
17,767
18,288
34,710
33,028
32,515

483

Detroit
Louisville-

St.

V

1945

+

8-9
4.5

26,296,977,710
26,507,504,386

.<"'+' 7.5

78,583,595,153

73,149,648,325

+

7-4

155,040,962,434

144,041,259,469

+

7L6

—

158,003,154,042

.

402

315

'4,236

Indianapolis

204 v

2,628
2,299

162

2,085

1,678

1,557

1,553

Richmond

524

412

July

5,437

4,518

4,178

3,861

August

3,655

?.6J9
4,763
1,562

2,450

2,239

September—,,,,,

4,624
1,454

1,445

Total 3rd Quarter.

174,131,375,556

870

832

800

Total 9 Months—

511,689,809)073

454,290,348,308

60,796,475,038

53,199,569,300

-November,,—

57,791,515,304

51,990,711,496

December

66,007,244,046

61,415,497,739

Total 3rd Quarter.

184,585,234,368

'■ 166,605,778,535

+ 10.8

Total 12 Months,,

696,275,043,441

620,896,126,843

+ 12.1

/
*

"23,973,433,771
26,179,068,749

-<i'+
.

+

9.7

+

1.3

4,592

Denver

,y,

Memphis
Seattle

_

_

,,,

Salt L. CityHartford

—

Tot. 27 cits.
Other cities

Total

425

*
r

434

213
99

282
406

;

4,671

164

2,000

'

83

1,057

2;973

r

2,812

57,382 55,379 49,421 43,137 617,908 556,960 501,289 451,963
8,625 16,036
5,574
5,170
78,367
63,936
58,735' 53,336

all— 66,007 6X415.54,995 48,307 696,275 620,896 560,024 505,299

Out. N.Y.C,

31,509 26,248 25,271 24,202 330,210 286,463 273,675 256,740




"

Re¬

Kansas

595,428,622

•r

"

:

+ 20.7

i

:.

-11

-Total

;

23,819,359

Quarter/—

\946

Year

an

in

The

42^,519,393
6,493,192,777
;< -646,271,848

,.<<■.

*

+17.0
+ 14.4

,15

_l_„

San Francisco

.

+ 17.1

6th

-

and

27.5%.

$

9.8

+

in the 5,t. Louis

2,059,662,126
1,448,018,047

•;i:K.

29,833,582

December

Fourth

Chicago

■

Atlanta Reserve District
by

13,464,419,023

Minneapolis

20,752,920,

rSeptember vi i 43,450,216/ 25,134,916

"

20.7%

-

6.9

+.15.1

1945

37

14

10th Kansas City--

33,553,559
23,415,845

28,219,705

)Nlne Months
.

the

-

; v

the JRichmond

an

jg

1
■

68,787,721 ' 92,020,949

20.595,100

Third1 Quarter

;

101,604,706

—-

August

'

f'

; 83,553,396

13,846,590

In

-—f94,820,103 200,704,729 131,342,920171,484,410

July'
I

—

8th

1^,228,380 ."35,051,545
37,712,751

was

1,763,817,196
2,706,826,148
5,356,049,124

9th.
,

llth Dallas

28,270,442
32,024,018

of

or

,"^L-

*

Chicago

J^th

41,310,246

District

+

:

5,167,187,840

2,354,339,385
35,509,434,819•? 3,933,950,100

Richmond

36,997,243

21.716,872

in

gain of 14,4%, in. the

a

of

Dec. %

<

1946

Atlanta

79,463,469

.

30,409,809

)

June

Second

51,510,197
34,092,745

.

'

District

Inc.

i

:

14 cities

7th

1943 v:

) 26,663,765

"

V.

J

I:

...

12,440,983,577

larger by 15.9%, in

are

December—r1

Stft

38,995,195
32,612,585
27,492,243

February"—

'

<

:

clearing houses of 7.5 %^

fteserve Dist. the totals

6th

M944

:

11

.clearings, having been $66,007,244,-

New York
Philadelphia :<-y—_y:;;
Cleveland -

4th

)

No.Shares

v

of January
'

J945

2d

,•

460,970,396
743,223,732
326,572,880
220,591,487
320,580,992
202,098,662
524,275,758

v

,-s

clearings for

For; that month there

Boston

3d I"

1946'

,

766,755,220

'

13,077,678,281

Federal Reserve Districts
1st

following:.

'

tX^

'.

<o ljM6 ia-ipdicated in the

Reserve

15.1%,

'

y

.

17.0%.

:

$61,415,497,739. fn the New
York Reserve District the totals show a loss of 1.4%,
but in the ^Boston Reserve
Pistrict there is a gain of 4.5 %
apd in the Philadelphia Reserve District of. 16.0%. In the

'

1377,563,575

w

of

totals show

Reserve

617,493,608
308,803,076

-

046 arid the 1945 aggregate

—-Twelye Months-—-^

1946*
|63,709.312
Ronds;■/.iv:..:./;,,
.

:

:

5,934,747,043

the 1946 aggregate of

*-?~-Month pi December-r—

.

•

"

City.

increase lor the entire body of

v

■

",

—Ill cities

the month of December.

re¬

follow:
'

6,

We also furnish today a summary of the

sults fori December and' the 12) months of 1946 and 1945)
f'''

the

Reserve

488,555,993
7,461,061,773

.

394,181,975
281,321,848
368,711,029
214,926,486
627,928,996

•

10

,

•

850,618,830
J

..

" '

w.

<'

-

710,586,335
361,484,914
539,304,111.•

"

10;

Francisco

Outside N.

0.6

pifr usual monthly .detailed^statement of transactions
New York Stock

improvement of

an

Reserve Districts:

—17.7
Total

Total all cities lor Week— $12,790,010-449

the Philadelphia

Cleveland

cisco Reserve District of
19.8%.

840,150,820
.

" f<

7

-

11th Pallas

^10,658,342,041

"

"

.10

1947

522,367,809
7,366,095,128

"

6,

——

6th Atlanta

"10th Kansas

day.—2,131,668/40$

"

7th Chicago- ———ju--17
'•
■H'- 8th St,' Louis—4-——4;.

1.8

+

District

$

cities

ClevelanA^-w-.--——r/r...--—7

''

5-_

Louis

; ;i

>t.

._12

—

5th Richmond

9#
•

cities, five days—

-

*
^

,

3d : Philadelphia
'4th

■

Ten cities, five days-

in

the

Reserve District has to its credit

by Federal

summary

—L——12

2d \ fNew York

+ 17.3

135,356,253

;

a

FederalReserve Districts

•

1st Boston

2.6

+

show

and

In

the totals

NUMMARY OF BA^K CLEARINGS

+ 10.5

203,233,695

208,931,505

Baltimore,—.

©ft the

District

We group

3.1

274,244,000

•v

208,484,928)

Clevpland^—

'

serve

Outside of this city there

In<the following we furnish

8.3

161,300,000

303,024,000

week in 1945.

'

cities,

increase of

an

neapolis

J

+

203,958,048

226,500/00.0):

•

Bap Francisco—-

+ 15.

.

354,391,483

249,944,350

Total ell

Reserve

center haymg recorded a decrease of 1.8%.

2.8

—
.

599,000,00.0

365,519,45.5

*

lanta

St.

same

totals

9.6%.

the Dallas Reserve District of
6.3%

Cent

$5,872,435,103 "

the

(including this city)

larger by 6.9%

are

the week

—

vttr

if'

ii-r^'V. X '1947

New Yorki

All cities, dne

was

District

the Richmond Reserve District of 17.1% and in the At-

5.1%, the aggregate of clearings for the whole country
577 in the

Other

District

able to give the final

are

York

Reserve District by

having amounted to $13,077,678,281, against $12,440,983,-

CLEARINGS- RETURNS BY TELEGRAPH

.

we

and .complete results, for the week previous

At

}
T^v,

are

elaborate detailed statement, however, which

present, further below

we

Fri¬

:

smaller by 1.3% but in the Boston Reserve District

the

Our comparative summary for the week

./)

located and from this it appears that in

are

not avail¬

ends

petals: gtpnd; at; $l^,TO,ftlQ;449
same

Which they
New

corresponding week last

against $12,866,841,382 for the

'•

'

able at time of going to press • Accordingly, in the above
the last day of the week in all oases has to be estimated.

obtain weekly clearings will

to

issue of next week.

our

'

v

according to the Federal Reserve Districts in

the

Saturday^

clearings) froi$ all % citties?iof thp ' JJulfed State?

11,;

"n

appear

the cities

We cannot furnish them todvNy> in as much as the week

telegraphic advice^ from the chief. cities of

the country, indicate that for .the week ended

be

Complete and exact deU'ls for the week covered by

v

I; -Total 6

Months——

337,558,433,517

I

"

:.

+

309,764,724,238

9.0

'■ h

<

61,831,796,515

X-—.—.—

'

<;<

•

•

October

;—

55,676,082,669

50,488,979,360
;

46,724.282,971
47,312,361,739

!

'

'

+22.5

■

+ 17,7

"28,013,784,302
28,238,211,019
27,407,666,765

22,179,164,191

+ 2316

+ 20.5

83,659,662,086

67,793,702,57.6

+

+ 21.2

144,525,624,070

,

56,623,496,372

:

-

)

+

12.6

238,700,624,520 "

+

7.5

23U

+

24,159,436,405
24,220,494,480

+

28.7

+

21.4

26,248,580,250

+

26.O

91,509,641,273

74,628,511,135

+ 22.6

330,210,265,793

'286,463,473,180

+ 11.2
■

+ 21.2
+ 25.5

211,834,962,045

+14.3

-

23,116,102,919
22,498,435,466

■;

30,603,860,383
29,395,788,199
31,509,992,691

-

115,7

+ 15.3

statement showing the figures for ea

We now add our detailed
/•'ft /-ftft/ft'.ftft
Clearings atFirst

ft '/ft

,

"46

;

Foruund

>

Mass—Boston

)t

~ "

Holvoke

~

Lowell

-

—

t

'ft' 3,602,418

-

Bedford—

8,603,288

:

•

————

28,160,302

'

SDrin^fleld
Worcester-

v.

—

Haven

99,285,655

:

--

——

Waterburv——

V: '

Providence

*>

j

H-.—Manchester——-

—.

■

—

ft- 7,057,178

.

.

District—New York—
—
59,555,610
11,582,198
336,950,542
- ft'.'ft,'''
6,486,890

Federal Reserve

V—Albanv

Binehamton"!

-

Buffalo

-

'■

52,709,429
8,724,942
275,411,461
4,791,377

!

;

v

^

'

Bvracuse
Syracuse-,-

-

"" ft—ft.—■

£ jl~MoXlair

"T il-.

"

IT

51,763,155
3 130 582

1>

Oranges—-1-T1

"ft

8,023,990

v

:
>.

8,735,022

981,836,600
ft/ 43,712,066

+ 18.7

21,653:300

I

20,801~800

+ 34.5

1,126,385

883,594, 886

-ft 121,158,462

3,312,366,

3,444,823,111
•ftft' 66,601,593

58,609, 259

,
,

334,432,653, 663

366,064,777.646 V
817,900,525
481,414,414
95,028,103

16.4

702,6x8, 963

+ 33.5

77,081,,181

423,623,,237

+ 20.9

*•{•34.0

1,549,557, 023

+16.6

38,235,382

2,087,151,,467

10.5

50,969,910

,/ft

v

>

ft

.+

Total (14 cities)

.

—

36,023,962.309

35,509,434,819

.

9,650^740
;

776,478"

•

•

1,940,457

75,211,000

1,016,796

District—Philadelphia

vjV

-——

v-,

+ 14.3

Bethlehem

1.8

+ 12.7
+ 28.4

;

9,187,368

+

;

——

J,

Lancaster—

•'+• 8.7,/7:>

^.033,631,,
1 'Bs

.

"

Lebanon-

.'+ 27.0

Philadelphia"

-Z——

Reading

^

>

+15.4

3,734,000,000
12,537,027

—

—-

;

+ 42.6

.:•*5,7oo,idu

Korristown

18.3

+

BO^

"

'

Del.—Wilmington
N. J.—Trenton

: 1,174,511

-

•

.

:1.4.:

,

.;•/•;•

.'X,, V

"

'

'

_

Cincinnati

cleveland

703,107,842

-

-

—

110.622,900
5,502,059

-

'

-

V?Sn

"
""""-1—'
Mansfiirdl TlT
:
Yo u nest own——-—

i

3,779,133
16,728,145

23,985,216

r-

NeS

tt::L

-

Pa.—Beaver

'

ciy"""TTT---

21,467,711
27,544,795

-

:

-

W." Va.—Wheeling——

94,275,500
+155,201
2,088,770
13,294,697
19,907,204
14,013,654
i •'
46,082,561 ■
y ;• J; 1,676,710.

.ft)

r-y

•

};

+

11.5

:

45,143,540

+ 27.0*

:|

+ 142.5

742,391

+

.7.6

+

1,073.133,812
'■> 15,274,014
fvi 15,761,504
2+852,608
: V
13,779,631

21.7

+ 14.0

-

840,150,820

V

Mongomery

Miss.—Hattiesburg

;

™'n22

;>>.
.

c

36.2

+

—

Grand Rapids—
Jackson

Lansing—

-

—

112,222,091
V 441,252,000
5,437,136,571
>149,598,163

34.7
21.4

+ 27.2

v

Indianapolis

32.3

+16.4

3,140,134,008

——

Wis.—Madison
Milwaukee
Oshkosh—
Watertown

,

Manitowoc

'

^22,010,453
139,833,925

+ 74.5

+ 22.3

2,694,427'

+ 27.9

3,149,073
5,413,660

2,575,844

213,034,524

3,925,338

+ 37.9

3,663,305

,

"

+ 24.4

—

5.

Ufi''

Chicago
Decatur
Peoria..

3,518,186

49,554,432

'

Bloomington
:

—-

^

;

4,313,447
2,999,110,088

7

13,113,280
43,258,448
18,694,668

rf—■

—

—

:

-

Rockford

Springfield
Sterling

—
—

Total C31 cities)—




'

^

'■ -

'**

2,097,849.
.3,897,270

V,

1

243,016,995

1.2

'

'

l"''

•

~7'u

1

/

''i

...

.154,358,574

1.7

245,064,044

305,517,18?,.

+ 15.1

247,200,048

595,428,622

713,071,097

+ 20.0

—

+ 18.5

141,468,516

+ 24.3

:.

710,586,335

7.3

+

79,153,676
/>* 364,199,000

•

126,907,121

+17.9

>'''

.•

2,019,139
7,018,000
91,573,941
2,770,771

175,947,481

150,79+490

63,320,261

+ 20.3
•

•

2,422,965
8,344,000
107,928,782
3,521,425

+21.2

4,518,251,913

>•

1

+41.8

5+626/735

+

27.1

+10.8

2,499,266,709

+ 25.6

/

+

16.7

+ 28.2

1,539,762

1,451,503
7,986,000
89,440,295
2,610,527
165,382,279

18.9

+

+ 17.9

+ 38.7

201,798,351
8,315,468,297 ?-/
30,434,550

+ 16.6

+ 15.9

\'V 13,748,417

10,984,080

83.898,149

42,673,199
182,000,000
3,546,370

+ 27.9

■y'y,

*;ii +14.0

158,182,611
44,806,152

298,563,964;

■■•'■•'

256,821,435

1,759^751

+ 10.8

61,644,638

/■; +13.7
20.6

54|32l7624

+ 25.2

5,444,671

60,975^185
4,C93,846

106,876,788

282,273
92,411,054

539,30+111

25.7

+

•

64,498,524
5,606,098

2+1

396,693

336,185

+ 15.6

95,185,042

88,094,014

445,938,805

435,531,753

+

460,970,396

350,182

18,220,975

2,752,888
1,953,722
54,484,045

-

2,132,156
52,791,401

73,530454
5,876,208

5,562,696,408

11,439,666
41,466,610
164,900,000

3,126,861 //

+10.0

70,070,021

276,196,676
143,746,764
176,660,000
310,180,043
62,629,165

"

179,300,000

*1,9507000

3,852,015,013

2,457,290

/

14,814,573
38,425,784

+

7,680,000

>,'

309,931,191

34.3

•

43,060,587

+17.1

// 361,484,914

14,751.444
54,596,355
207,400,000
3,900,959

167,056,696
ft 137,463,307

+

-

-iT.v:

:

9.3

+

183,655,066

2,153,466,552

16,009,200

,

•

>■■:>

+ 76.5

9,886,400,000

jJ+62.9
+16.7

'

:3,968,701

'

37,393,681

59,267,387'

+91.0

100,899,121

2.2

65,685,103

52,373,096

+ 25.4

177,343,013
33+037,836
1,678,568,476

+ 26.0

+23.2
+21.9

:

7,123,084

+

6,018,552
17,109,650

'v.

+46.7

223,364,568

30,737,734

:.';; + 28.1

409,553,270

+26.1

2,085,160,157
220,951,731

162,235,722
17,864,097

:>

+33.0

v;

172,905,215

2,361,036,031

1,944,632,373

+

+12.5
+25.5
+ 39.1

; '

5,545,860
857,415

'

:

//

73,302,683

,V

+

'.

3,245,558
12,170,803

i

8.4

+ 24.2

>

21.4*

8,822,203

4,701,803
10,661,870

50,"l06~366

46,957/761

3,421,381
26,215,431
10,774,171

3,098,667
24,000,347
8,476,587

94+103

958,218

44,577,792!'(

2,759,843
19,183,179
8,252,842

8,843,270 ,?

l:

+ 46.0

+ 20.4

+20.3

152,574,863

123,671,052

+ 23.4

85,150,290
36,301,512

+ 30.0

1,135,120,839

863,510,027

+ 31.5

36.5

519,754,585

415,053,542

+ 25.2

1,213,552

+

35073~073

33,650T000

5,038,389
11,707,081

36,380,000 >
4,794,476

+ 28.2

28,412,433

12,881,417
34,210,337:

43,049~000

32,895000
3,779,370
10,505,451

+ 14.0

57,197,006

4,491,154

3,899,351

6,114,359

+ 36.6

33,490,300

38,186,079

+36.9

+ 23.7

+

+ 29.9

;

+ 20.4

7.3

12,430,175
197,764,989
2,757,176

4,085824

+ 27.8

9.2

557,760,012
/ 126,56+378

6,075,089

3,"989/395

20.6

+

598,382,982

V -

+

+

+ 12.6

5,416,323

+ 44.9

+ 29.1

202,252,018

49,349,621

*

8.3

"+31.0

15,307,641

V
159,796,095
;/ 407,086,152

+40.1

.837,850:

+ 58.5
—

63,461,090
249,403,733

"

'

1

>

16,472,970,864
V 110,248,757
315,301,524
52,623,035
195,080,110
83,806,994

15,108,420,153

705,082

+ 102.9

;

t*'

1,173.582,121 ://
:>
10,607,683
29,886,250
/
4,515,865 /j •:

6,151,342

1,896,527
5,204,876

111.—Aurora

261,763,137'"
/

+ 23.7

696,204,414
2,651,450,704

849

110,730,298

—

118,115,475

f

17,227,900

+ 19.7

133,077,470.

.

111,739,379

35.2

''

V'' >*> -

4,770,979

210,820.518

•

+26.7+

f:\ '■*.

W.

+ 23.4

3,567,729,662

14,642,891

Ames

•

>

'

■

4,219,049

'■■■'■'

'

-

>

Iowa—Cedar Rapids

City

-7

17,727,200

16,135,479,617

:

742,777,905

...

.

23,974,300

1,483,553,531

6,958,053

Sheboygan

4,597,700

4,703,300

646,271,848

.

-

23,765,367
55,554,069
16,148,687
222;457,890
3,773,623

Des Moines

9.6

+18.8

275,759.475
9,215,940,421
39,012,564

10.6

+ 14.9

i

South Bend

Sioux

+

+ 42J)

•

25,104,053
39,370,727
204,596,982

Terre Haute

766,755,220

4.250,010

33,738,930,780

+

District—Chicago—
-•—
- - 6,466,870
^4 1,369,588,023
—
14,863,106
36,820,882
5,503,846
—
29,229,155

—4

Gary

11.4

123,600,985
218,214,183

175,777,256

506,928,996

^—.——•' :,■■■ >>■'

Bay City
Ind— Ft. Wayne

5.9

+

6,059,014

jv

2,706,826,148

Muskegon———————•
•

.

+

276,475,431

182,937,010

27.5

+

1,503,000
2,596,405

fc'-

■'

152,497,862

9,571,125
12,978,668,219
156,481,369
,..191,525,107

t

—

Detroit
Flint

I.I+T—

9.8

+ 20.4:

16,891,406
12,822,081,942

^193,611,049 *
209,400,924/

S'SrI'oSI

Orleans———————

Seventh Federal Reserve

-j

*6,300,376
5,127,442

.;

966,773,500
/V: 47,923,331

•

£

30,022,849

'

—

Mich.—Ann Arbor

■"

jjxtiu .J-'

1,693,808 '■
2,093,455

+ 68.5

"+20.1

^-362,569

>

*
;

—

Total (16 cities)—

;

423.3
425.3

388,42,.^;

j.a,—New

?

+ 13.6

6,305,149,014

18,493,472

+43,438,114,

wwwwtiii'tfii''

'>

wn'i 1 H'I.'+'l:

*7,202,642
5,709,633

36,269,082,305

}■ •* 503,592,857

+ 10.8

+

:

-

Vicksburff

1,749,533
3,282,123

,

'

*-■

,+21.7

287,004,000

■

r

/vt+28.5—'

22,206,080

+ 24.4

rU^^ne^::.-=,.

■

724,OOOTOOO

1,797,890
3,116,407

--T-

+ 26.2

,

41.4

+

11,385,146

630,874,453 '

".mesa

Meridian——~—

629,0007000

I-,,

2,093,270
2,367,755

101,141,541

{164,078,601

33.4

^9.300.000
lfiS77 324

-

„

Augusta—

;

2,053,371

1,088,072

,

'n i.ji'n

,„■»i./lr

.-88,963,386

.

38,405,731

2lS:l?l:lll

i—:

Ga^—Atlanta——XT—

■

1,902,982

M ■-

4,128,997
2,641,558
3,990,773

+

80.9

+

1

DistHct—Atlanta—.

Jackson

"+2976

fvlC'

+ 34.0

227,590,441

57,364,040

+

1,763,817,196

A.a:-B,rmlngnam

2,185,769

.1,276,490
-

•••p

+ 54.3

11,529,428,883

—30.4

2M 739

Total (8 cities)

...

v

"+"975

274,104,099

+

-*

■

3,537,557
Z9o,322^+

c.—Washington—.

federal Reserve

y'^

3,082,487

295,776,677

173,980,052 ;
.272,382,763

13,750,585

,

Frederick——-————*-——

■: Sixth

-

2,087,801

7,161,137,224
12,659,390,495

20.5

Md.—Baltimore—84®-g84,73»
P.

I

748,000,000

1,148,663,800

+

JaSSnSftR

.

C.—Charleston
r

I,,

,

*3,221,493

v

42,068,244,256

+ 25.8

«,662,000^

Va.—Norfolk

Columbia—-

1

+ 32.5

.

—-

in

2,831,815

>

Richmond

■' 'in

815,000,000

359,859,752.
327,205.000

17.3

+

District—Richmond—
*
Va:—Huntington^——
f
IS rao noo

S.

•

£!?;! 'Xi

+26.2

'.1 58,012,095 ' iii .'

+ 32.4

+

Fifth Federal Reserve
W.

739,890

164,256,838

2,989,623,122

3,464,419.023

— •

32!0

+ 19.8

.

17,574,710

—-

Total (17 cities)-—

555,309

+ 24.0

+ 25.0

14,456,930

20.4

.

ui8SJ

Kv—LexingtoT---

+
+

n'JoO 000

——

—gh
ou

6+469,368

.

County-

Greensburg

v.

15,626,895

•

:

——

20,344,349
583,777,093

"

1,046,463,422

1.254,173,976

-

--—

/SaSnn

26,862,240 V

V

:

Vrniumbus

668,807

+ 31.1

>>:>■:>.;>■,

Besefve* District—Cleveland—

fourth Federal

-

'

631,211

+ 70.7

623,293

+ 15.6

.

t

+ 16.0

nhi/v—Tanton

r

'•'lr

-.1/

437,180

.

3,933,950,100

'

—.—•

32.1 '

+ 26.4

.

(

772,927

34,710,000,000
101,040,266

?

,

6,586,512,495

6,493,192,777

1.3

—

750,218

'

+28.7
,

471,204

30,927,330
50,137,659

29,506,097/
46,887,277: ; :

/>...

/ 573,198"

>

4+831,000.,

———

Total (16 cities)-

/

+
.

39,403,141-

■

104,426,587

+ 20.9

—-— ;

/

33,462,687

>5:142,98+676

:

+ 38.9

Q3Q 298

37

40,861,898/

6.9

'

7.8

v.+12.8

5,058,805 ;>

"V

Hazleton————:—----

2.5

105,288,757

126,295,494
207,359,247

■

110.5

+

r

+

nS

+

+

163,530,602

■

40,138,000,000

+ 34.2
+ 29.5-

Wimes-sarre

216,069,258
135,46+731
42,294,597
52,190,680

+ 20.9

7,468,517

.

477,526

+ 34.5

+ 3+6

7,461,061,773

,

1,280,426

+47.5

'

3,859,852

—

Harrisburg

8,210,121;

7,432,128

+ 17.7

/■7,;'v

46,058,467

V

43,664,350'

+ 18.0

3 859 852

Chester-

:

-

.

35,765,359

52,743,853
47,223,006

+ 95.2

4132 617

1,383,075
1,163,203 \
6,364,937,729
15,214,051

v-.f'!■>•/■
1,173.527 ■
6,292,749,158
/
14,611,412 /

+ 39.3

50,248,091

/

3,605,522

62,249,000

—

577,284
29,058,147

1

..

.

27.783,084

25,962,031

••:•■''

Third Federal Reserve

7:

427,519,393

,

Pa.—Altoona

1,070,710

+ 10.0

^200"47+

-

1.4

—

■XX;

462,755,111

v

+ 19.4

59,017,,420

■

ft';

7,366,095,128
;

-18,1467700."

+ 23.3

25,391, 953

34,035,065
1,806,264,823
2,306,206,274
70,445,582

+

J7,168,291

I

+ 20.2

,

360,578, 023

ft 512,343,844 %

t

.

6,536,821

—17.6

•

9.5

+ '

,

24,496,137 '

^7:7W7l7|o97|400
/>77/>/.;V828,649

+ 80.8

9,865,879
3,489,169
59,621,656
.1,284,031
/> 1,167,215
1,649,873 ,/• s
', 1,184,451 %■142,931,238 - '.■ 7,273,795,737
17,334,451
15.385,251
10,875,117
8,468,419

...

6.9

+

'

2,826,628

+ 13.6
+ 19.3

—1 + 2 ;

1,268,321

71,073,518

4.0

+

65,826, 100

r

ft 78,537,060

,

662

"+"*378

488,555,993

17,837,762

+ 30.5

,

•

ft

,

522,367,809

+• 1.1

92,841, 262

893,703,218

,

'ft +11.7 ft

■-

4.5

+

'v.

.3,478,164
;

17,845,308

+ 28.0

>', * 18,384,116

23,528,686

% 9,128,683

;

5,286,289 *
3,648,102./

+ 18.8

&

1,220,218
5,792,018

1,345,355
■

+ 16.1

4,501,158

+21.5

'ft+10.9
6,023,429 <
; + 16.9 •

7,041,385 .ft:ft,'

——•

„

; +24.5

12.1 rft

ftft. 15+692,355
223,532,648 .ft/ft 201,596,487.
173 360,167

.

No7thern"N"jlTll

:

32,492,233

5,347.229

;■«

ft+24.3

•

—1.9 ft
.+16.1
+39.1

ft 66,953,087

5,777,978

6,709,385

+ 26.7
'

|

s!', "742/768.

+ 18.0

1,165,560,900
58,788,611

U" + 10.5 .ft
?ftftft 36,234,268 : f +42.9^
2,891,338 ^fc+ 8.3 ft

8,863,984

-

sTamfo'rd

r«nn

77 727,629
45 183,256 —

■

—

ft- + 23.2

22,805,785,448

937,052
•\.V7T'.7

"+12/7

94,488,900

ft

//1,100,612

~ 572~076

ft/ 361,774,827

25,475,838,863

+025,537
394,590,143

1,416,514

117,646,100

7.8-'

+

-

£■'

1,087,373

3,865,181

64+723
>

ftft 449,643,882

-'1,057,563,984

'.1,007,773
368,337,656

1,671,532

+ 26.2

;

_."

• ■

+ 30.9

1,377.022

,

,

$

5.8

+

•

+ 24.6

181,194,390
870,180,672

229,524,651

+13.0
+32.8
+22.3
ft/ +35.4

,irXj^^^^K^-:^3+497,251,355-,v^ 135,166,917,489" '•

" I

York

Rochester"

35,831,562

+ 3+7

;

7.9

+

•

1,802,134

+ 30.8 ft

30,831,752
ftft 28,400,110
ftft 73,043,501
258,105,721

91,000,368
317,912,000

.V

+10.0

.

61,444,007

41,53i,100

*

■'

;

19,589,725,425

80,346,999

S,

+34.9,:,,

9

6,500,424

7,005,418
New

3,910,473
445,296,957

1194+

;; ■

%

+ 15.4

1,429,574
3,395,145
420,837,267

1,542,322

+18.8

-ft. 2,253,480,236 ' ft ftft- 4.5 ft

—-

-

Flmira

5,232,824

•

2,354,339,385

cities)

Total (14

+ 48.9

177,549,334

21,539,922,510

38,906,112 +■
+ 4.5
11,065,400 ft>. / 'ft 9,893,700 .ftft +11.8
108,828,300 vft'ft.
93,177,200
* + 16.8

'

53,498,143

210,891,672

+19.1

83,361,129

:

Dec.

1945

;

Inc. or

-<

ft/". 79,674,524

ft\

—Week Ended Jan. 4-

1946; ,■>

Dec. %

■

40,642,558 -ft'VV

■

—

H.

Second

d?c.' %

.

21,425,420

.

Conn—Hartford---—-T

n

7,386,806
4,093,992

'

—

——

—:

Inc. or

1945

ft
>:

Jan. 4 for four years:

ended

the month of December and the week
-Jan. 1 to Dec. 31

5,83+150
.
+29.5
16,900,756
+11.8-9
1,934,698,286 , ft / + 2.7:9;
ftftftvv 5,858,738
V; +26.1
-ft.ftft- 3,339,542 /, ;.. + 22.6 , ■ >■
2,783,243 9
+29.4 ,
: vj\''
6,936,263. -.ft +24.9
v ;
26,478,353/ .!
+ 6.4 ft
..ftC; r 20,079,940 ,;ft.+ 6.7 9/

7,554,244

,

——ftft" 1,987,674,907

-

Fall River

New

^45 '-ft

'/>ft- 18,898,917

-

-

ch city for

—

Federal Reserve District—Boston—

Me—Bangor

New

Month of December

Monday, January 13, 1947

FINANCIAL CHRONICLE

THE COMMERCIAL &

+ 39.8

18,853,295

13,120,882

+

10.4

+
+

9.2
27.1

2,313,114
15,752,493
7,226,940

710,227

672,418

+

13.6

50+523,101

520,570,000

+

36.1

+

31.8

+ 23.6

2,118,039
6,318,983
2,552,627

1,861,172

+

14.7

1,872,199

6,340,05T
2,572,950
2,152,937

+

14.4

640,914,0.93

674,445,853

+ 43.7

+

•

4,372,106 /

+

19.0

55,341,195

•42,218,437

+ 31.1

3,164,954

+ 36.3

46,555,954

35,051,363

+ 32.8

+15.7

3 +913,597,103

27,279,588,024
111,869,151

+17.0

2,59+299,807
8,795,640
33,109,326
13,552,528
11,156,183

1,584,984
5,356,049,124

142,253,416
438,151,829

+ 27.2

17.7

372,220,283
«

+

131,548.000

+ 4+9

+ 37.9
-

186,669,912

+23.2

14+363,802

16,454,154

115,340,891
12,295,922

+ 22.6

47.7

+17.7

57,210,64+251

5+98+362,693

+ 10.1

+

1,073,495
4,552,268,090

49.1

+ 30.7

+

'

'

•

660,242,323
2,895,080

9,059,906
4,102,320
3,097,275

581.324,205
:

2,127,533:
6,875,322
3,318,831
2,700,228

,

+ 33.8

850,618,830

743,223,732

■

Volume 165

Number 4559

THE COMMERCIAL' & FINANCIAL CHRONICLE

J.-

'1

249Clearings at—

-Month of December1946
:
-1945

;r.>-v-V*

$
Eighth Federal Reserve
District—St. Louis— '
Mo.—St. Louis—

1,130,498,388
\';y 10,015,053

,
,

~ ;

.•'• yy
"""" ■

.

Tenn.—Memphis.:
III.—Jacksonville
Quincy

V

Federal Reserve

b

v'V'

;

.

Falls

;

>

...

4

D.—Aberdeen.—
Sioux

'*

Falls———.

Huron

"

-y

Mont.—Billings

l.

-

/

rr•
.

;

v-

V

•

City——
Joseph,

..

•

£

Carthage_J<-.»--rJ,^—.
1.

:

y

+ 19.9

<;

+ 21.5

71,820,373

76,b83,925.

+ 37.3

44,481,275

48,372,550!'

UMTuo

394,181,975

;

"

+

326,572,880

y. +31.8

•*

-

'

+

55.8
:

38,237,000

y

„

+64.8
-

4472

"

+31.9

\l,386,409

•

2,441,577,501

.

.

El Paso—-——

*.

'
'

106,196,717

+28.2

'

361,802,016
'

+56.8+ 30.2

^

.

U
;

*

+"1178"

4273067768

59,252.56 On

5,668,849

.4,563,962

+ 24.2

3,507,753

3,721^1 V

1,747,801

+ 44.6

1,601,581

1,684.5764-

+ 21.4

2,528,085

+ 26.2

*12,126,048

-

r

+ 39.3

" i :

.

16,317,395

2,631,109

1,988,418

32.3

1,422,554

1,418*955;.

6,9187338

5,8357231

"+1876

3,9767447

5,32611987''

281,321,848

220,591,487

+ 27.5

"

189,906,549

248,878
B:' 346,477
4,445,415
72,127,692

8,302,432

88,267.145,.

+ 26.1

2,257,841
.7,224,737

15,567^14^'

"+Ti75

198,0097337

225,
,072*680-

41.7

6,627,957

+46.1 v

+ 26.5

7

■

394,699
: 387,626
5,635,875
92,776,611

:

^ ;-v u»l -m

i

262,274

+ 50.5

436,826

—11.2

4,188,721
77,577,751

+ 34.5

,

vl

'•50,959,548
10,856,496,778
338,655,156
11.436,062
821,791,304

-

15,277,498

4,764,839
.9,330,455

'■ 389,122,272

;

+ 19.6

>

3,521,532.

•;

8,735,5711

f

:

•/•: L———

218,634,276
6,166,810

243,852,562

'

+ 35.3'

LV

7,401,411

"

Arthur.
:-V Wichita Falls

928,693,617,
83,346,466

64,686,564

4,236,435,499

—.

3,299,325,563
54,612,927

73,557,776;

24,595,026,326

Wash.—Bellingham.

+

:

Seattle^..
.Yakima;
;

.

+

1,336,684

"'+21.1:

1,051,909 "

174967107'

20,306,522,233

773397482

368,711,029

+

—,

©re.—Eugene;.-—

,

+ 29.8 '

+ 37.9

3,072,011
28,267,275

+

+ 27.1

320,580,992

967,104

+Tl".7

-

1,057,721

+ 15.0

?

9.2

+

-

rioaTm!

293,313,159

+18.9

:

346,868,699-

*—

~

+63.9
^

;

+26.3'
+ 14.0

;

Pasadena—

——

Riverside—————
San Francisco

;

Stockton—
Total. (19 cities):

•Estimated.

+47.1

,V

+13.9

+28.4+

26,248,580.250
;

'

v,

.

18,945,248^."'

.;.7;

16,573,539
3,771,000

4,305,000

+28.5

5.6-

•2,400,000

2,108,953

-7,055~47+

214,926*486 5.

202,098,662

* *

.

'.+•

'i

-1

v>

*,

^1"^

16.4.:;

v

\

v,

92,014,380

V.

4,012,892

.

*+51.8

1947 TO JAN. 9,
Noon

44,070~372

6.3

81,625,415
2,739,987

BANK

+ 24.4

31,411^451

■

+ 42.3

5.9

—

123,132,399

7,827,646

+ 23.2

5,981,543

.

+30.9

•

8,712,396

+11.9.

;

+ 45.5

290,484,813
85,197,298

5,299,260

OfflciaL.;
Free—

>297733*

/-••••

.

'

+ 28.3

15,743,086,582

15.9

+

383,052,777

+ 27.5

125,196,638
:

\ 5,977,578

6,686,693

+ 39.1

289,946,914

364,048,521
9,689,131
3,297,127

+ 26.4

;

-

314,913,012

:

'•

6.883,745

y

+ 15.6

7,110,179*
2,651,872:
5,472,581

"

:

-

294,237,000
:

+36.3

•

".■,::-+.24,3

:r+14,7:

627,928,996

+ 12.1

286,463,473,180

s

524,275,758
12,440,983,577

5,934,747,043

5,167,187,840

j

*u

TARIFF

'

v

v

i .V'■■■

5.1

11,008,958,612

4,716,209,354

.

Jan, 8

including

.297733*

.297733*

.297733*

.251247*

.251247*

.251247*

;V .251247*

3.211616

3.211616

.022791

.022791

.022791

.022791

.022801 %

.054403

.022791

.054404

.054404

.054404

.054405

1.000000

1 000000

1.000000

3.211616

5,167,401,272..

1

imi».

those

called

under sinking fund provisions*,
redemption or last date for mak-v
ing; tenders, arid the page number gives the location ^
which the details were given in the "Chronicle.".
The date indicates the

,NOTICES OF TENDER*

*
,

f .297733*

4054177

1

.

.251247*

3.211600

——

.,

Poli-New

$

3.211116

|:

Company and Issue—
Date
PaganEngland Theatres, Inc.—
771st mtge. bonds due: 1958——---.-—^————-Jari 22
'7.I34191;
Roberts & Oake, Inc., lst
mtge, 6s, due 1954
—-Feb
6
*
Shenango Valley Water Co.—
'
*
,
'
'
'1st mortgage 4s, series B,. due< 1961———
———Jan 12 ••
*7
"Tennessee'.Coal, Iron & RR. Co.-^-r v
■,,,
;
General mortgage bonds, due 1951—
—-Jan 27
; * ;■

Jan. 9

$

,11.532,339,0011

.

V

Notices

<

Jan, 7

11

«—

n'

* i.u

Below will be founcl a list of corporate bonds,
notesj
preferred and common stocks called for redemption),

1930

'

iii

'm*

Redemption Calls and Sinking Fund

-

OF

ACT

—r~

l.i 562,266,90a..

yV 512,699,084

+14.9

+

6,127,4577
2,551,247"
v4,191,706(

2,340,702
5,48Q,775 7#);. 1,7'

',

+19.8

y

13,077,678,281

+ 15.3

•

UNDER

320,51.8^93?,:

.

7,285,287

;

•

*+25,8*i

-

.

*;-i:;.-„...5,84i,83^(

••

,

11,519,359*"

7;iyv»

V'S ;•

28,849,058,67i;
620,896,126,843

.

.297733*

.251247"

Australia, pound
Belgian, franc
Brazil, cruzeiro—

V

*

;;

TREASURY

$ '

76,746,601:

33,472~7i^

;

+ 42.6

483,774,179

:^

Jan. 6

$

7:2,527,848)-

■

1947, INCLUSIVE

Jan. 4

98,769,12^'

■

74,166,711

"+4+2

+ 45.7

164,693,562

^

TO

;

"

330,210,265,793

*

$

168,280j»iT;

166,225,078

+ 20.4

-

30,530^547

.

Jan. 3
J

v

;; 1,685,93.77

-t"—A

•

;;:7L862^9^,

+ 17.1

+ 28.0

Buying Rate for Cable Transfers In New York
Value in United States
Money

Country and Monetary Unit

r,797"670

v

15.2

93,341,782

1,562,306,561
399,492,150
145,047,507

"357,970,845 :

\1 v

FEDERAL RESERVE

JAN. 3,

3,660,009* •

-

+ 10.8

76,426,533
3,349,619
•1

3,830,124,004

v

-

696,275,043,441

+ 20.0

.

CERTIFIED BY

w

i|M18.67|

+36.8

109,333,600

33,089,884,979

7.5

1.9 S

+ 24.8

>

RATES

lMHSJir

i

3,042,000

+ 30.9
—

Foreign Exchange Rales

EXCHANGE

139,ib5ToOO.S;

1G,420;174
:

r+"L8

+26.4

3,018,313:,

'it;
134,335,000- '•V

.

+ 13.8

7,"l837l59

+22:7

Pursuant to the requirements of
Section, 522 of the Tariff Act of 1930, the Federal Reserve Bank is
now cer*
tifylng daily to the Secretary of the Treasury the buying rate for cable
transfers in the different countries of the
world. We give below a record for the week
just passed:
r

.

+ 14.3

——

POREIGN

3,711,561
;

r

+ 14.2.

+21.1

^

'

*

,

1.8

+

"> r -

: +21.5

49,362,448

109,300,846
18,254,462,722
488,306,290
174,188,845
V, 366,524,263

-

+18.6

+

1

f

+ 13.3
.

..

2,680,589,571

.

;

119,178,258

•

455,394,163: ;
179,170,228

+ 37.5

,27,104.781'•

31,509,992,091

+

167,480,000

••

■"•

151,615,376

206,391,959
234,862,404
J

+17.6.

,

61,415,497,739

tNot included in total.

>

+20.4

46,639,513
4,763,385,910

582,135,173

+74.9

3,119,851,645

—

,

+46.1

66.007,244,046

Gran4 Tjotal>,(184 cities)
Outside New Yolk-

34,797,326.,,

i

*+29.7

V

2,000,035,781

! + f :V+.':'3/5y

.

San .Jose—
Santa Barbara

'*+24.7
•

v

163,087,694
74,932,000
i,412,420,131

+41.7"

y

«

.

Sa

+29.9
s

.

;

'

4,671,366,464 ^
189,177,152 :

•

+2C.0

"A-

4,383,648

-

.

Modesto—

5,109,691
■■t-'i-; i'

176,889,000

+ 30.1

14,965,001.756

60,824^419

-

+:6.8

?

•

Berkeley-^...
Long Beach

5,204,079

+10.9 ;'
+ 31.0

-

18,915,631,229

-

Calif.—Bakersfleld

3.210950

-

,

,

,

Canada, dollar—

,,

.

,

,

,

Official—
^

1.000000

1.000000

.950781

.950468

■

.951953

Colombia, peso
Czechoslovakia, koruna
Denmark, krone
England, pound sterling
France (Metropolitan) franc
India (British), rupee

.571400*

y

571400*;

4
*

.020060
&

.208693
-

r

-

;

;

.

1.000000

_____

Norway, krone

;;

Portugal, escudo

.205862

,

Switzerland, franc

3.224000

.301617

-.205793

1

201612

i

.201612

,040501

.040501
.091324

.278185..
4.005000

-

.233629

^?,(B583'00*
,!y: .562716*\'

y;

v;

".658300*
.562716*

v

.233629

-

.091324

-

iv.y

.278192
.233629

4.005000

4.005000

.278192

4.005000-;

y;"'!;
.

.'

'-

.658300*

...562716*

.658300*

,

;

•

.562716*

i:

.233629
;*••*

.

,

.

.658300*
.562610*

■

.

bonds,

mortgage

1st

mortgage

3 %s,

2%s,
SVas,

E, due 1996-Feb
.

-

,

bonds, series D, due 1962

1

#9;'•"'

>

.

Mar

1

11295$

,

,

series E, due
series G, due

Union Terminals

1st mortgage
1st mortgage

ser.

RR.—

1969————Feb -1
1974_u—————Feb
I

Co.—

K 29557

••'12,908}-

series A——

—Apr
1
7
'70*;'
_—_—Apr
1, ^
VO>!
/f; 1st mortgage 4"As, series C—
Apr
17(hCornell-Dubilier Electric Corp. $5.25 pfd.
stock, ser. A__Feb
1
H34l2tii •
Food Fair Stores,
Inc., 3 "A % debentures————Feb
1
7A
Lefcourt' Realty Corp., prior
preferred stock
—Jan 15
11329^;
Little Company of Mary Hospital—
v1
1st refunding mortgage serial
bonds, ser. A due 1955_Jan 15
$3292-;
McCord Corp., 10-year 4"A%
debentures, due 1956—
Feb
1
75-4
Missouri"Telephone Co., 1st mtge. 4"/4S, ser. C, due 1961_Mar -1
7i^
5s,

series B__

—:

—

/.040501

..091324 ?

v

y.562716*;

v,201612

-

.040501

.

-

iU'

3.223833

•Vy;a201612";.yt-, :
-...

.233629 A

y

*v

mtge. iV*%

1st

Cleveland

.945625
i i

3Va%

Cincinnati Union Terminal Co.-*

vy-yw

1.000000

.

3.224500

;;

.218192

;

.658300*
i

i'-.y •'

and improv. mtge.

1st and ref.

.377893
r$.;:

.945833
'

.040501

I: .091324

4.005000

yy:;,,,;.y
S

4

y-278192

,

: ?;
•

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.

'

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4.005000

y;

y

>040501

.278185

Ref.

Chicago & Western Indiana

;

'

.

J

1.000000

.

.947500
; 3.224500

.201612

:

.;

.

Date

;-»,:Page«'
Algoma Central Terminals, Ltd.*—
'
'
''
5% 1st mortgage debenture stock & bonds, due 1959_Mar 15
H313T
Brooklyn Borough Gas Co., 1st mtge. 3?/2S, due 1970—Feb
1 v
" Mr
Bush Terminal Buildings
Co., 1st mtge. bds„ due 1960—Jan 15
A3139;
Chesapeake & Ohio Ry.—L

.205793

.377893s

"

*

.

.008408

.301642

* *'

-

:

4.029921

.008408

>

1.000000

.

3.224500

,

J.




.205823

.947916

y

S- .208693

'

4.030625
..

•'

.377893

1.000000

.948125

3.224500

•

.

.233629

Union of South Africa, pound

.948125

*

-

.301517

,377893

.

; .377893

,091324

,

Bpaln, peseta—
Bweden, krona

rate.

.;

fCoftipany and Issued

.020060
;

PARTIAL REDEMPTION

'

-y >571400*

.208693-

.008408

.

,

.301517

1.000000

.949375
r

.,_

.208693

4.030625

.008409

-

;r\.yy;.,-y s-

Free^

New Zealand, pound

Uruguay,peso—

4.030625
,

.301517
.205879

,377893

;

-

•

-

.948203
.020060

.571400*

.020060

.

.208693

.008409•

-

y

.205879,
.

4

■

.208693
•

.301517

Netherlands, guilder

,

,

yy.571400*

.020060

4.030625,

.008409

,

.950000

.571400*;
'

.020060

y:•■'.»

4.030156

peso

Newfoundland, dollar—

:

1.000000

:

Free—,

•Nominal

1,09575f/7'"

-

-

Salt Lake Ctiy

Ariz.—Phoenix

Controlled,—
NoncontrollecL

; .7 ,193,pb3

-t-

.

409,802,003 « "
324,480,108
11,270,352 ; 9,889,912
213,891,733
164,669,516
55,844,128 -39;424;510
25,893,320
'
;»-14,807,490
•^•••i-24,319,547.
16,643,812
:
38,114,258
36,827,631
16,602,093:
12,071,984
y , 32,128,139
27,331,653
10,669,863
7,251,823
1.705,085,148
1,504,838,570 •
i. -44.112,343
y 37,194,599
17,138,581
15,040,987

Utah—Ogden——

31.0

+ 30.1

12,591,746

;

+ 69.6
;

,

'

"

If:'+44.8 '

■

-

"

+'31.8

1+29.9

f

"5

172,913,467

f: 111,634,557

.

.

y.;4i643,646
)
4,253,431
434,342,474 'i; v y 406,520,288
18,152,074 yy V;- 15,273,074
15,861,617

123,853,619

;

+ 35.8
;
■

f

::yy:7;l83.oooy-y-«;-

:

8,688,884,984'
6,634,513,795
> ; 785,480,728V: ;;
603,983,310
1,017,172,518
t U815,509,313
"217,707,000 :
167,896,000
7,204,760,494
5,982,318,015
53,340,956
43,887,046
120,594,419
"'93,821,333
43,138,081 '
35,152,982
367,348,459
303,371,938

+44.2

1,421,455,210

Frandsce-r

293,349,971
V

+27.7

.

y

Official

3,089v59«,,

-

+ 36.2
-

8,506,221

,

42.tf

+

9,629,511

661,452,567
59,452,832.
73,312,206
16,073,000
539,647,743
3,740.232

1;849,298,«32
n

;

.

.

Total <11 cities)—

Ida.—Bol se____

18,301,612

99,526,695
21,188,1)00
700,912,396
4,855,384:
11,730,542
"4,446,82937,024,107

.

Texarkanai^u—_
La.—Shreveport

Mexico,

272v8IO»»
356(000,.
4,845,847^

>■;

—

.

■

+ 38.2

+ 35.6

.

<^'408,253,806

V

230,699,

•'

fy■

*

1

69,601,842'

,

vjfr«?■

..224,478,872
3,968,187,454
14,047,356
;
14,749,392
185,948,461

12,960,205,572

?; - '

f'/-

12,031,524

21,537,780
14,307,206
258,544,699
454,828,658

-

/

+

+28.5

•

;

•rV 12,132,612,601

271,872,724.:
4,782,245,788

f

"

5,638,536

.

85,754,610

——..

Port

'

4,475,49^.

154,82Q;62L

+ 45.0

-.272,113,896 ..-.,+'33.0
■

15,344,855,341

+ 43.5

1,766,642,497

•.

56,487,939

i.

.

76,345,272
y -6,565,624
,319,281,557.
;

4,535,094

132,556,952

+38.3

17,192,922

'

*

:

0.8

+ 34.7

+

:+ 38.5

96,453,746
>82,639,496

134,313,446

+43.1

>••'••

4,669,776

145,298,360

"

24,922,096

■.

1,

26,089,123

yyGalveston——-.1.
[i Houston.——

■

•

"

.

+43.8

1,477,562
1,078,267
.19,219,276
1
32,500,098
■'4\& 5,378,445,1
915*007,059
.30,939,155
1,069,932

r

13,112,288
844,658,952

Worth.

Argentina, peso—*

310,56474757

•_

-

♦%

1,3087*MO<

287,018,013

.

631297219

•

27.2

27,783,502
93,285,349 KWi
165,462,836

i?1

*

208,857,769

+ 34.2
.

1334,746,465

.

.7,425,326
402,654,520
y 6,401,605.

■
J
.-yy ...
Beaumont^—-

v

771167365

.

Eleventh Federal Reserve District^ •Dallas—

Ft.

184,200,000..

+45.7

31,485,000

38,788,481

129,049,652- '

.

*7L2O46S?L54

.

Li"

<f5'$IUes)i+L.

T»r«»—Austin

•

169,600,000

+ 20.7

•-•,.;//+ 19.9

195,061,030

■

•

-

4,705,170

195,741,058

+25.2

6,607,865 y;
+

>"

-

26.5

+40.2

•

•

30,709,230

9,626,294
248,040,446

-

'

.v

2,628,484,727

?

+18.6
+

34,008,823

..

yy -36,805,442

»

.

>

246,742,338

8,196,279,409
v:

3,291,215,972

+56.2

,

-••

292,748,507'
10,364,448,478
47,676,977

••;,:*;+ 34.0

1,209,994

:

,

dr; ^eblo^.^i-a.-rl-^^.

;

75,842,569
51,271,201

v

1,"671,519

+ 15.4

"jttvi &;

102,051,077,

Colo.—Colorado Springs.
y' Denver^——

,

+ 16.0

"

:

,

+26.2

+

•

," 1,112,305,294

-.

"

Okla.—Tulsa

\

"

•

1,777,925
10,142,659
6,725,348
28,180,423

-

:

24,125,329.
44,332,404.
6,368,020,
1,296,436,531
46,164,007
.1,562,868

;

Kansas

:•

;

26,797,121
472,018,826
2,116,982

.

Mo.—Joplin—

i

I

198,300,000

92,123,627
•70,386,829

+ 39.5

16,523,154,342

fc, ,L

,

Topeka—

'* ■■■■; '

1944

$

+36.1

61,588,903

:

19,818,159,868

+12.1

r

...

Wichita—

Tbtal

1945

Dec. %

•

+16.8

.•

Lincoln—-_1
Omaha,—

•v-,

.

230,000,000

+ 45.6

Pity—*'

y Parsons.—.

■

■

1,736,47^

Kans.—Manhattan.:

.

'

'•1,448,018,047:.

't Hastings——

v.

Week Ended Jan. 4Inc. or

1946

+ 40.3

9,389,583

71,061,616

+30.8

2,983,088
632,030
18,908,732
2,645,000
2,291,665
7,759,006
16,362,830

;

9,625,514

Neb.—Fremont;

St.

;

+ 29.7

36,122,384 V y ,v
1,292,815 :
4824,355

Total <16 cities V.

.'

1947

$

4,027,814,182
2,619,917,061

.

13,670,867

;■;••

3,205,220K y * + 27.8
252,350,854 ;<::>yv+27.6

-

*Tenth -Federal -Reserve

,

i;..'

+ 47,0

.

23,921,897
733,594,262

J

Le wis town.——.l.

1

5

;

:

14,586,219

Falls—-__
Helena—;

v

or

+ 15.8

.

10,823,457

4,704,192,696
3,655,102,172

v

.

+51.6

.

9,723,814,872
69,806,284

,

14,725,766

+ 29.2

-"*

-

Great

•

'

+49.0

+ 50.4

1,588,058,858

26,819,454

D.—Fargo.i—,—

"

v,

5,297,539

•

Minot
•.

/

+43.0

/.

282,701,893
965,305

^

959,682,5544,096,607
321,905,028
-3,7.63,542
987,179,
25,328,249
3,486,000
3,569,512 •
12,787,846
21,579,423 '
*
2,385,721 '

;

<

11,261,483,960
97,922,791* ;"

•

-

966,635

; ; y

Grand Forks

>

Inc.

Dec. It

*

.,

,

.

Paul

Fergus

N.
'

$

■

District—Minneapolis

Minneapolis

Winona

+ 23.3

374,000,010

2,059,662,126

Rochester——-J..;
r

1945

■;

"$

:

"

>

7,785,754

*/

■

St.

-

1,440,388

Y

J.

4. Total (7 cities!—.

.

1946

Dec. %

.

917.123,320
'
7,004,156

"

483,165,876
425,293,230
• '»1,463,437

4

—

Minn.—Duluth

Inc. or

$

__

Cape Girardeau__,
Independence—
Ky.—Louisville

Ninth

-Jan. 1 to Dec. 31-

,

.

Northern
1st

Stales

mortgage

Power

3"As,

Co.

due,

(Wis.)—

Washington Terminal 'Co.— *"*
1st mtge. 25/o c/o
bonds, series A,

Feb
•

due

■'

-

1964———

1970

1

..

11)

«.•:

Feb

1

I333J9-

1947

Monday; January 13,

CHRONICLE

COMMERCIAL & FINANCIAL

THE
250
ISSUE CALLED

ENTIRE

Eastern Ry., 1st mortgage 5s—
British & Continental Corp.—
:
5% gold debentures, due 1953—

—w

Algoma

Page

Date
Mar" 1

and Issue—

Company

A1325

^_

American,

day, Jan. 8, 1947:

II2281
Als?a°nd refunding mortgage 5%s, series A, due'1957_Feb 1 113138
Aspinook Corp., 6% 1st mortgage bonds, due 1948—
Feb 14 113282
Broadway Motors Building Corp.—
• * ■.
•
1st mortgage leasehold 6%
bonds__^^.__—-__-i.--_u._Feb I-,.
68
Butte Electric & Power Co., 1st mtge. 5s, due 195lL.wA.ny time
112142
Cumberland Gas Corp.—
General lien 6% income

'

,

1st mortgage

Distillers

• •

1(3292

1

1955—u—Feb

notes

8,

R.

F.

for

fund

j

.k,\

t>

v

-

loans

520

—.

——

securities:

2,866
36,174

+

21

—

15,129,335
7,494,512
355,300-

————

<£/':*• •

~K,'i-ry

Condition Statement

-V

\

United States

304,352

+

4-0,'563,146

1,500

—1,315,999
—1,179,800
-4' 193,502

—

466,710

95,381

:

6

4,419

Federal Reserve notes——

$319,000,000 at' al! reporting

Total

'

;

.

000.

-

.

A summary

Capital Accounts—
paid in
Surplus (Section 7).
Surplus (Section 13b)

<

1

^

of the, assets and

trial

make

to

+'

.5957931

>

•
■

9,370

+

790

81,468

+T;

■"

*.254'"

r-jr-

45,175,863
"
.

R7
43.1%

-

0.4%

—

A

'J"'- -g V;,* ;g
0.9%

+

gg

1,229

+

7,776

+

:

0,565

+

78

8,231 r

loans

Dec. 24,

and5 Investments—total

'

56,153"

*

.

16,694;.

.

20

Name of Company

226

—

10,269

loans'

to

brokers

dealers for

and

4

434

'

i

+

certificates" of lndebtednessir.w— '5,202
3,039
Treasury notes.
U. 8. bonds- (Including: guaranteed .
26,'902
obligations)
3,430
Other securities.
Reserve with-Federal Reserve Banks*——.. 10,111
Treasury

banks...

.

468

iff

588

241

319 r.

:

4,997'

25

—

50*;

;+?• -14*"
—

—

+

2,234'

378-

+
+'
—

24

+

114*

—

Liabilities-

Demand deposltr adjustedi—
Time

deposits
;
t.B. Government deposits.
Interbank deposits?
Domestic

banks—

—

—

9.442T
1,271
6

; Borrowings
to* demand deposit accounts* except
interbank, and U.
S.
Gov't accounts;

Dec. 24

18,395

figures revised (New York District) 7




555

155
46 ;

106

29V
361

+

2,9i5

+'

1,018

(quar.)!..

common

(quar.).

Clayton & Co. (quar.)
—
Anglo-OanEadian* Telephone-Co.— *
*
"
"
4V2%
preferred (quar.)
...
Art-Craft Briar Pipe, pfd;: (initial quar.).—.
Associated Telephone, 4%!% preferred (quar.)
Atlas Powder, 4%
convertible pfd. (quar.).!
Atlas Steels, Ltd., new com. (initial quar.).
Ault & Wiborg Proprietary, Ltd.—

Aviation Corp.,

aiiw

Barber-Ellis Co.

+
„

+

+
—

—

67'
249
196
•: 1'

277

—14,848-'
—

1,650"

+

88-

—

226"

Seelig

(A-; S.)

„

'

-45©

2-20"'

2-

1

2-14

1-15

1-15^

:'2-*"lv
*

2'

I

1-20

2-

1

*.:i:T-204r^

1-29

1-17*.

2-1

5*?1
12-30

1

2-

$25©*
- ■■ ^ •

*

2-20

•-

(s-a)

$1- *

I

1-20 *,

2-

1

1-20 K

1-31
2-

•1-15,**,

1

I 3-15

3-31

3-15

3-21

1-31

1-15

_.__

>

1-15

1

1-15

$1.50
50c

2-

1

1-11

I
V

1-15

.f: 1- 4

T

140C
t$li70

3-

1

>0-**i

3-

1

1-17'
1-20

Inc.,

preferred

Linen

3-10

37%©'

3-

4' 2- 8

2-

1-17

25c

McGraW Electric

-

1-17

3-

2-15

-87%C

3-

2-15

;■■■■ si

2-

1-29

25C
*

Co
7%

:

1-27

$1.75 -*/

.1-15

2-

$1:50"
U5c

.

—

$50'Ac

250

-•

•

3- IT*

!

vg

lOe'

*

2-15

1-14V.

:>g6%-'. pfefeiredf '>(quftr.)
Midland' Steel. Products,

•

-

Mills,

•

'$1.

2- 1

t25c

.

2- 1

1380- '2-1$20ev
f$l,50 *■••* 2- 1
J$1.25
2-15

-7

1-15

k

!

1-15

fi-

1-19 \

2-1
3-1
2-

;

.

i

Corp.

"'•

National Liberty

(quar-.) :*

New
"

of' America (s-a)

g

Nu-Enamel Corp.

Outlet

■.Pacific

1-15

•

1-151;

.

1-15

*

•

•?vl-15'

-10c

2-15-

1-10

V ;
!

3+

t"f-

1-15'
12-20

"2-

.

./*
.

+•1-2*)

•

n

1-15

1-30

$15 +
32 %c

1-10"/'

11 7

: .*

'

1-20

1-13-

1+30

-

,

A*

12-31'A
•:"

3-15

-

1-16

1-15

1-31'

:■

i-3l'

12-31*.;

! 1- 1-15
'j 2- 1

$3' : / 1-27

Company^-(year-end
Coast Mortgage (liquidating).
Service Co., $1.30 pfd. (quar.).
Corporation (quar.9

20©
"15c

v

v

-1--2-

4

-

l-3'lg!
;

x>' i-5C"; f' "•;' 2-15

>';•

Si Tilford, Inc; (quar;)—'.
Perkins Machine": VSf Gear._ ——!!!—:'!..1
Portland Gas & Coke, 7% preferred (accum.) ,
6%
preferred (accum.)
—+-—

Park

•"i'-io!A

•Vi 15©

Pacific Public
Packer

JM-IS*"*'

50©

(quar;

Industries

A

1-31

>1+15

$1:50-4"

,

Olin

:

«-

2-21

3-10;

•

"

Railroad of New* Hampshire (quar.) g
Northwestern Fire & Marine Insurance (s-a)i

1-13

1-24

30c-

$1*-

Northern

'•

>

h

-25©

Edison'Light Co.- (quar;)
•';•-•* 50© >
'.ZZZZZZZS!*:
37%©'
$1.50 conv. pfd. (quar-.) v.

Nunn-Biishi Shoe Co.

'

iK

3-11

25c ,' ,1-31
$1.18%- ' :.%'-* I*

Northern Illinois Corp.,

j

lr, ;• 3-if

> 1-15
,

v

50©
-J
:'t

Fabrics (quar.)__^—
4%%, preferred (quar^)—

Bedford Gas &

Extra

l

$12%©
•,,

National Mallinson

.

1

4-

•

f

1-15

Extra

Neisner Brothers,

1-15

2-

- -

50c

(quar

Insur. Co,

+-1-15

1

-

Ex tr a

1- 0

1-10

$i.6(+

-

*

J,

'1-15'-'

I

•' •0-

4-

—

Royal Rice Mills, Ltd.-(quar.)
National Department Stores- (quarr)_-!w_i.-~+

l2-3l:

1-17 X

2-1

'-

$1.50

$1.50

:

Wheel

Motor

1-17

1

2-1

$1.75^

•

v

1

2-

> Mount

? - *,

(quar.)

1

..

40c.

common«xs!!~!«'!:c,;+

preferred (quar,)
Monongahela' Power, 4.40%- preferred8%

Mlg

2^15. , v'-'1*-3L.
2-15
1-31 '

^ $$l;75'i'g 1-15

!

2-1

•.

50c

i

t

f

1-17

1

2-

75©

(quar.).

f;

2-

87%©

.

.:u''gfV

(s-a)——

4%

4-

Maytag Company, $3

"1-207*

2-

125c

..

pfd. (accum.)
preferred (quar.)
g>. $6 1st preferred (quar.)
!v-_•—
.McCabe Grain Co., Ltd., class A (quar.)

'J

1-31
2-

34%c

Power Shovel,

Marion

l-14*g

'

Mfg;—

Shoe Corp.—

Typograph

Ludlow

1-22

.

:*;

2-, 1;- A 1-25 V,

■,

20c

(quar.)

**

g'gr.-5e
Ltd.— r

2-26'

*

V3-. 1-/.

1

4-

,

common

t

1-31

2-28
-2-

,7%o

Mclntyre • porcupine. Mines, )!td.rJEquar.K-.+,
1-17
'
* ' • • * ; Melville Shoe Corp.,- common (quar.). .g.. .
$562- 1 "g^rl^lff': g:• g4% preferred*; (quar.).._!..g..!g—
g ' 8%<T ggl-15 ^ l2-3f •
Michigan Gas .& Electric-Co.—•> • <*.
"■
22%o
2-1
1-15
7%
ptior lien preferred- •(quar.)««'-jr^iBA»"■ $I-gg 2- 1 g^r 1-29*
$6 prior lien preferred (quar.l!g!.!!!^.!.-,
> $15c
! 2- 1
1-16
$6 •■ preferred (quar.)
!'.!.i'!.»J./

SkPfita- *: 2-1

—•

of' Canada,

-

1-25

2- 1

$1.25
Iritertype Corporation (increased)
—
-30c.
Irving Air Chute Co. (resumed)'
25c
Irving (John) Shoe Corp. (quar.)..a.——.
•
15c
Kings County. Trust Co.. (Bklyn.) (quar.).. *
$20*Stores,

.

';*:'V-1>18- •'•'

•

t.S

/

Ltd.,-common (s-a)__
$1»50 1st preferred (quar.)
80© 2nd preferred* (quart)!._!_._!__
Calgary Power, Ltd.,. 6%
pfd.* (quar.)___..
Canadian Utilities, Ltd., 5% pfd, (quar.)
-

1-28'
3-

300
50c

■

;

*•>1-18

■

3-15

.25c,
$1.12% g
. 68%o:
: : -lOViC'.
5©

Resistance Co.—
preferred (quar.)
...
Interstate Bakeries Corp.', $5 pfd. (acCum.).

—

Bullock's,

1-28

$1.25

convertible

6%

*
1
' '
Common (increased quar.)
-g: 40^- + 2-1 .1-22 :
43A%
preferred -(quar.)
$1.18%,
3- 1 <
2-15
Belding-Corticelli, Ltd. (extra
'
t$l
3-1
1-31
Belleterrer Quebec Mines,»Ltd
(s-aHi_.^.!. 1: flOc'
3-15
2»28-:Beneficial Corp. com.
!__!.I;__..z_!__ :!V':+ 8c'^1-31 • • *' Ji-lS*'
Birtman.Electric (quar;)!:
-250
2-1
< 1-15'
Bloomingdale Brothers, - Inc. (quarg
g 56V»o . 1-25
1-18'
Bon Ami, class A* (qtt&rj
' $1*
1-31
li-15'!
Class B
60%O' : - 1-31
1-15
Booth Fisheries Corp., common
L...1
250 • 2- 1 ;> 1-20
4%" preferred (quar.)!
-.g.
$'U > 2- 1 ' 1t2'0
Boston Fund Inc.
160 v 2-20 • ; l+3l*
Brockton- Gas Light
z
25c
1-15 s . 1- 6

Beck

1-20

2-15

.

Co., Ltd.—
(quar.)
preferred (quar.)..s.
Lang (j. A.) & Sbns, Ltd. (quar.) !.—....
Holder<
g Lehigh Portland Cement!
'
of Bee. : Lincoln Printing Co., common..—. —...
'i,
$3.50 preferred - (quar.)
..
1-15
Liquid Carbonic COrp.,, common (quar.)
ggi 3 % % • preferred -'(quar.) .!._-.g!g—.!!_!'"
1-13

2-1*
$1.50
1- % g
t
20c
2- I
•r:' iocl '' 2- l1
'g '
30cv ' 2-^ 3*' 1 '
50C
0- 1' V.1
-' ' $1.25"*' 2- 1"
400
1-24 i

(quar.f

American Insurance Co.

>;<*: 7%. preference
Barlow- &

pfd.

When

27V20

America-(quar.)!

$2.25 conv.

Extra

CaldWell

Debits

week:;

—

Co

5-.preferred

Baltimore

1-18

1-30

*75C:g

-

1.884"

-

Foreign banks.

39,981'
10,421'

...

875*

6,928

'52

r

639'

vault

7".

18'

+

Stove

....

(monthly)!......

'T;847^'- ^;':'5%-%^ pref.-:(quar;).u—
Automatic Canteen Co: of

116

2j302'' -'
886

Treasury bills

■

16':

67 '

-

—...

963

+

1,563-*'

estate loan»i.^_w.w-—

Loans to banks
—

3,0*20;

+

i5r

684 'v

securities

loans^_i^.

65
im

428-

■

carrying:;
U. 8. Government obligations

Balances with domestic

;

J-i 941>

Other loans for purchasing or
Other

v

Products

Anderson

:

pur-

chasing or carrying:
U. S. Government obligations..
Other securities:

Company.—

American-Viscose Corp.*

804

+

S.)

American

v

...

preferred (guar.)
Markets, Inc., 6% pfd. (quar.)_

Home

!

1-10

: 1-18

1-27

56V4C

7%

Share Payable
$l.l2Vi
1-25
*'

'

convertible

American

—11,795

1-31
1-27

v; ;75c

Common'

Abraham & Straus, Inc.
Acme Aluminum Alloys,-. Ine.-^

1946 *

1946

—

2-1

1-20

l..01:25

(increased) i.........

2-14

2-1

Lake of the Woods Milling

this week' arA:
Per

Jan. 2.

l-io -

2-15

'leg.

Kobacker

The dividends announced

Albers Super

31,
1946:';

1-17

"•- 3-V1

50c'

Hardartl(N; Y.)..!i.._

i-17

;

2-15

25c"
20C'

.....

.

1-17

0-i; ;

(quar.)_$$ITAT,--75c'

(quar.).!

1-15
1*-15

■

,

1-31

J$1.25

•

;

,

1-31

'

1-16

lg.

International

are

declared.

(A*.

1

2-

J 20c

dividend payments in many cases are given"
;gg$l;37%": preferred (quar.)—x—
in our "General Corporation
Kokomo Water Works, 6%
pfd. (quar.).—.
Laclede * Steel (year-end)
and Investment News Department" in thd week-when-

Aloe'

2-

1-31

,

1-17
1-15

!

1-24

12 %c
62%©

under the company name

*

2-*i; g.

25c

.....

lfc15

1

2-

t^'^c

'

1-15

?:2g. l';:

institutional Shares; Ltd.—
g Stock and bond group shares
..!
25'c"
interchemical Corp; (increased quar.)!...+.
506
4%% preferred (guar.)..
$1:12%
Inter-City Baking Co.,: Ltd; (extra)-.—$$L

ord of past

$1.10

1-18

1-18

+

50©

■>

*

:
.

1-15

.

f$"i:i2V2

Hydro-Electric Securities Corp.—
.5% preferred B • (s-a) —
Idaho Pdwer Cog vcommon* (quar.).awU.'..-

grouped in two sefparaiO tables. In the
first we bring together all the dividends announced the
current week. ; Then we follow with a second table* in
which we show the dividends previously announced, but
which have not yet been paid. Further details and rec¬

1

.

1-30

1-30

'$3*

g!g:4%g.preferred:- (quar.)—^......—

DIVIDENDS
Dividends

i-iy

Extra

'

Border's Inc.
Horn &

7,776.

1-30

(quar.).

Heidelberg Brewings Co.

.1-10

1-28

15c

;Extra*:

.■;,•

6

I-

1-15

68c
25c
.

.:

1-15
■'

$1"

n

Harshaw; Chemical Co.; common (quar.)....
g 4% %
convertible preferred (quar.).-..—.
Hartford Elediric Light (quar.)
....

1-31

.

8

1-10

Gr6en, (Hi

27-

+

1~302

+

2-

$3*

Grayson-Robinson Stores, $2.25 pfd. (quar.).
L.) Co.; Inc.: (quar.)
^.■..^
.?*' Extra!4..^*
........ '

'

2-25

*I-lir

Inc.

preference

,4%

I-2rf

'1-30V

87%©* *

•

conimon

Gorhazn, Inc., clask A* (ihitiair_.:v Class B (initial)
Grant <W. *T.) Co. (D«.)^ (extras

■"

+

25,614

Goodyear

167,358

i-n

12-31.;

(quar.)_.._!._..A-.._.^.
Tire & Rubber Co: of Canada—

Globe-Union,

1

2-

1-31

:

(s-a) -!--

(s-a)'..

Company

in- 5

1-8

>

(s-a)

5

8-

11-15

1-15

(quar.).

& Marine Insurance

S'gV
g*

8-15

I0c*.

.

(quar.)

preferred

Gilchrist

3,044

+

5%

Gibraltar Fire

indus¬

V

$6,000,-

Commercial, Industrial, and1 agricultural.

*

%

^

and F.

deposit

Commitments

.

Loans—total

during

+

187,620
439,823
.27,455

—

note liabilities combined.

liabilities of reporting,

Assets— •:/.

Cash In

44^405,351:

Contingent liability on bills
purchased for foreign- corm
respondents,
ii—

member banks de-g

Dec.

-

to

serves

Increase ( + ) or

Other

10,057'

665;

g

2-5

5-15

$1.75*

.

347,172

+

—152,308
+

61,952

—

gold* certificate re**

Rathr of

Decrease (—) Since

.

-w

Other capital accounts

(In millions of dollars)

Real

470,739

>1-20

;

2-15

150*'

•

!,

g- 4%%.. preferred'1 (quar.)_...
Froedtert Grain &! Malting. (quar.)
General Shoe Corp. com. (increased quar.)_
'g $3.50' preferred '(quar.) !.
I
...
General1 Steel Wares, Ltdg common (quar.)

,4

/

member banks follows:

v-

:

:

Total liabilities & cap. accts.

Holdings

$277,000,000 and on Dec. 31 amounted to

Loans

82,122

+

1-31

-

:

Borrowings of weekly reporting

Loans

258,498

4,647

+

1,867,588'

Capital

000,000;
clined

+ 139,718

•'

$213,000,000 in New Ydrk
City, $60,000,000 in the" Cleveland District,. $59,000,000
in the San Francisco District, and $57,000,000 in the
Philadelphia District. Time deposits increased $67,000,000.
United States Government deposits increased in all
districts.
Deposits credited to domestic banks increased
in nearly all districts and the total increase Was $196,-

-

^

principal decreases being

the

356,420

17,824,140

deposits"

Total liabilities-

adjusted declined in most districts,

Demand deposits

8,529

?

1-20 ■%

1

2-

quar,)i2%cv

;

*;:2- 3 Ay

,2-15

20c$2

.

(irreg.)_^!tt!u.-!^!«!i;!i^uii.!.«+

gFranklin Stores1 Corp,
Freiman (A. J.), Ltd.,

6-18

1-11

g! - 3%%: preferred-^ (quar,)^:-!'
Fitchburg Gas & Electric Light (quar.)
Foote Bros. Gear'& Machine Co., common

—si—-yj.

of indebtedness and of United"
States Government Bonds, declined $52,066,00(1; and $50^.
'

635,088

41

318,285'

availability items
Other llabs., incl. accrued dlvs.

of Treasury certificates
000,000, respectively.

317,845

'

Deferred

District, and

member banks.

—

308,667

+

+

16,456,723'
401,398°
647,734).

Other

1^ -r*

$65,000,000 in the- Chicago

Treasurer—gen;

Foreign.

■

increased $217,000,000 in

Holdings'fof Treasury bills
New York City,-

bank—reserve acct.
acct;

Member

Uv S.

-151,738

24,793,566.

,J

3-19 ;

ll

(quarJ

Convertible !;preferred
Franklin Fire Insurance

Deposits:

purchasing or carrying other

$151,000,000.

686,542

+

A

Clas^

.

+169,450

45,175,863

"

■.

-

,

,

—

2-15

2-

Fenton United CleaningDyeing Cp^"
;:'g';7%;: preferred * ('q&ar.)___!.^_
Ferry Cap & Set Screw Co
Fidelity & Deposit Co-, of Maryland (quar;) *
First Boston; Corp.', common (lrreg.)

Liabilities-

$65,000,000. Loans , to>brokers and A
dealers for purchasing or carrying United States Gov¬
ernment securities increased $81,000,000, and' loans to"
securities declined

44,030-

i-

'

.

15,645

32,400

-

g:-v 3-15 g*

1

7-1+

25c

-.a.!!—:

V

member* banks was

and dealers for

•

—

Total assets

Commercial,, industrial, and1 agricultural' loans de¬
clined in most di^trict^ and the1: decrease at all reporting

brokers

premises

3,106
281,386
976

+

—336,823

2,262,751

Items

Uncollected

l6"671'

+

174,056

,

'■TT
+'

2-25;

(quarj01.26'"

.

gFedderS-Quigan. Corp;^^

!

A-> 1

50c '
506'
;
500*:
-58C
t$l;25"
25c•
$30<r Eastern Theatres, Ltd.
(interim)
f$F
g Exeter St Hamptoh' Electric (quar.)$2;50

++126,155

4-

loahs

1-15 +

•

^.T-15 ••'■

1-20

Michigan Stove, 5%
pfd. (quar.) •
preferred (quar.)g!—
5%
preferred (quar.)..>._.._A._.A:__-!.!j•'
5%' :preferred •'(qua'r.)-__g_!_..___„_-._!-M._.w'*•
g, Distillers Corp.-Seagrams, Ltd., 5% pfd„_._
'Divco Corporation' (quar.)
..........
: Dominion Bridge Co.,- Ltd.
(quar.) A
'
5%

1

3-

Detroit

>

W

1,,

r

(initial

'

1^ 6

.

,'i 1-13

2-

class A

Detroit Gasket & Mfg.

-

1-28

!

4-1

"

$1.25

pfdg

stockf (quar;)

Debenture

•

Co.,

Mfg.

Dennison

;

32,127
1,353

+382V852

Bank

(quar.)
Press, Inc. (increased)
preferred

1-1$

3-15

t$1.25
$1.25

,

3^ 5

2-1

: 93%c

(quar.)

Davenport Water Cov, 5%

I-

23,980,033
'
102"

of weekly

,

1

23,732,537';

of Member Banks

Government deposits.

■

U.S.'Govt, securities1—,

Other assets'

reporting mem- ::
ber banks of the Federal Reserve System in 101 leading
cities shows the following principal changes for the week
efided Dec. 31:' Decreases of $226,000,000 in loans, $378;-"
000,000 in reserve balances with Federal Reserve Banks,
$555,000,000 in demand deposits adjusted; attd $277,000;000 in borrowings; and an increase of $249*000,000 in
condition statement

The

ill

and securities
DUe from foreign banks^
F. R. notes of other banks

;

preferred

1-22

1

'"•2-

:

25c

(interim) !!_■!■/

common

(quar.) +

A.
Cuban Atlantic Sugar, 5% preferred (quar.)

;

26,516
: -

-r

753,390

Bonds

M

+

83,888

.

*i

■

Total

Co.,

5 %'

487,544

+

246,967

•

BillS

162; fin Vol. 164.

'i < i
^ g
*'*•#! \ .'• VTv.W?>'*!V

v,

,}t

'^.'}*$■>.

*''.V

1

10,926

+ :

4-

18,378,427
304,064

Certificated',^..—

Total

Can

preferred

$3.75

Corrugated Paper Box Co,, Ltd.—

476,618

+

:_»!_i-! - 37 %o
_gg 37 'gc

g.Clas3 •- A ' (quar.)!i!_!!!!^>„._
Class B (quar.) L__

,

:g;

1946

+

—

'

,

■

.

:

Chemical Industries,' Iiic.—

Consolidated

Jan. 9,

■Hlft. ft

U, S. Govt,

K2450

*

'

Deer. Since—

21,999 ?
4-19,133

813,249

and advances

Industrial

"Notes

t.

.

$1.50g

"(quar.) '

■

1-17

'

gl-l5g* ;giwev •'•
1-15 2 I- 61

goc

Continental

;

J-n

1-31

2-

1-18 ; »■

■*

1-27-

$5cl

<

Electric, 0o:,\6% ' pteferred

;Concord

:g

1946

17,565,178'

gold ctf. reserves-

Discounts

12490

tin Vol. 161. §In Vol.

or
Dec, 31,

Co".

g\;; Common

Cuneo

cash

Other

Hardware Co.—
.
< *
7% preferred stocks
._■
i—w—Mar 15
A""„
Silverwood Dairies,- Ltd., 41)-cent preference stocksua.^.Apr
1 H2835*
60 Park Place Office Bldg.—■
1
* ' r
* ' '
4
1st mortgage fee & leasehold bonds—a. w——_«a.^itoi_Feb
1.
*15'/
Texas Pbwer & Light Co.—
.
.
/ !* ;
6% gold debenture bonds, series A,- due 2022—zz--z~zJuly 1
Toronto, Hamilton & Buffalo Ry.—
' >"
. *
;
Consolidated mtge; 4 % % bonds, series A, due 1966--Feb
1

' v

j

.

—

Total

$2.50 and

♦Announcement iff this issue.

■ ■ --

5%

Redemption

Segal Lock &

':

■

. ■

-

,

—Incr:

*

certificates'

Gold

113

1

25

.

-^

^

thousands'of dollars)

(in

Assets—

§2822

5% debentures,-due

-

1947

113294
J3294
,12960

17

•

Jan.

Building, New York-City—
, '.
.
Stamped 1st mtge. fee and leasehold bonds, due 1949_Jan 17
1st. mortgage fee: and leasehold bonds, due 1944—~—Jkn
Nebraska Power Co.—
;
, ■_
.
'
v. ,
*
6%; debenture bonds, series A, due 2022
—Sep' 1 v..
Northern New York Utilities, Inc.—
>
1st lien & ref. 6% bonds, series B, due 1947———Any time
Panama Power & Light Co., 20-yr. 6%-debs., due 1947-Jan 16
1(3295
Seaboard Finance Corp.,

'

i

Feb 15
Feb

—,
• -

-

Reserve Banks Combined

1(2287

due 1956

'

"

' $30© '
J -

•

2gv.

1-15

1

2-

$1*

-•

1-

-

'g i; Railway, common (s-a)
,
$5
5%
preferred (quar.)^__
;
g $1.25*.g:> 1-31
2-15
'Colgate-P^lmolive-Peet Co, com. (quar.)
50c ;
3-31
ivgv:; $3.50 ■preferred (quar^i!^!!!^!!!;^!!!!!?.;!>
1-27
Colonial - Mills (quar.)
——25c .
2-15
Columbia,.Ga8 & Electric (increased quar.)
,
15c..
1-15
Commodity Corp.;
__!„«„.»
4
9c

Statement of Condition of the 12 Federal

July 1

Tower

National

■ >

6 per Share

/

:

-

1-15"

:

40c

r

preferred (quar.)
Chateau-Gai Wines, Ltd, (interim)
Cleveland,, Cincinnati, Chicago^ & St; Louis

Common wealth: Edison'

1

•

'

-

r

1(2548.

July 1

•

($25 par)

John C. Clark Co,

80
-f-

71
71
72

'

.

STOpKS

-

113413

1973_Mar 12

•*4%%

.

Shares

Lofland, Philadelphia, on

&

Barnes

Transacted' by

Wednesday, Jan. 8, 1947:

_

•,

Feb 20

convertible debentures due 1956
—
Great Northern Ry.—
-A '
414% gen. mtge. gold bonds, series E, due 1977
Harborside Warehouse Co., Inc., income bonds due
International Telephone & Telegraph Corp.—
4Vi%

debenture bonds, due 1952
Kansas City Power & Light Co.—
1st preferred stock,
series B
Mahon (R. C.) Co., 414% debentures,

r

-

1
1

stock__.__Feb
1950x.—_—Feb

Corp.-Seagrams, Ltd., 5% preferred
Co., 2Va% debentures, due
Public Utilities Corp.—

Electric Auto-Lite

General

•

*

-

___._..._Jan-30

($100' par)"..—

Sagamore Mfg. Co.

102

1-20 g;

'T

'4%

"

2-15

1-31

75c

(quar.)
(Texas)-—•

Central Power & Light

2-28'

30c

Light & Power

Ohio

Central

'

6 p^r share
—1—*
,95Mi

STOC&3

'

Shares

113141,

Feb 1

bonds, due 1946

Terminal Co.—
bonds, due 1947-1959.,

&

Dallas Ry.

—Feb 1

;

,

Wednes¬

Day & Co., Boston, on
' 0 r '

Transacted by R. L.

•

Payable of Rec.

Share'

gvName of Company
g;,7V»:j- gg gg' i.g; i;
•.Caterpillar Tractor (quar.)_____
g Central Electric & Gas Co., (increased s-a)

Auction Sales

-J + */

Holdere

When

Per

*1.
'

1-15 "

1

.*'

50©

1-15

1-1O

.

75c

2-

5

1-23

50©

2-

1

1-20

*

$1.75

$1.50

.

,t*;.2r
1

2-

...

1

120

1-20

•

•'

Volume 165

Number 4559

THE COMMERCIAL & FINANCIAL CHRONICLE
Pt>r

'

x

Name of

Pure

.

Oil

5%

Company

Co.,

preferred

(quar.)

(quar.)

Insurance

conv!

pfd.'(quarZ)

4%%

1

$1.25

"4',

34-

1

(111.),

preferred

lOlffcSS

'

Tobacco
Ek*

W

m

Co.
U

—

—

JZ Z

.American Shares

(resumed)

(quar.)__

Extra ■

._'

Fine

Foods, Inc.,

common

4-

1

3-12 '

2-

1

1-20

1

B.i

1-31

1-20

77

15c-V

1420*
2-

1-13 Z

P. h

1-15

-

26C

::

t30Ci

:

1-15

1-

2-10"

1-20"

$9

1-20^

$1

.

2-

9%%
convertible preferred (quar.)
ijj $1.37% •
White Sewing Machine Corp., $2
h 500 *
prior pfdil
-1 ,$4"- conv.i
preferehcei____u——c
50c
WUbur-Suchard Chocolate Co., $5
pfd. (quar.)
$1.25
Wisconsin'Public Service, 5% pfd.
(quar.)__
S1.2&
.Wood/ Alexander
James,. Ltd.—
7,

1-25v

z

1

2-

1

2-

J'
.

7%

lst_; preferred

(accum.)

J:

$$1.73

WoolWorth (F. W.) Company.(increased
quar.),.
Extra'
J4j_xx4 xx.~_

WorcesteriTransportation

Associates

;

1

2-

.

1

I

3-

1

2-10
7 2-10':

20c

(quar.) 1

(Thomas) Orchids <irreg.)__
Yuba Consolidated Gold Fields
(quar.) _jj-v
v- cExtra"t_
ZeBere. Ltdo common (quar.)—
*■'-

1-10

1^ 6*

$1.50'

1-16

2- 1

5c

<

$ 2* 1

1- 8t
£ .1-38"''

$250

2-1

$25c
i 6%"

preferred

(quar.^______u-__^__Jr__-_j^

1-15

•.(

Below

2- lr-

$37 %C

(quar.X__l

5% preferred

$3iy4C

1-15-

2" V-

we

giWthe dividends aimotmced ln pPevloui
weeks and not yet paid.
The list does noft include divi¬
dends announced this week, these
being given in the
preceding table.
Z
^

,

"V"ftt
.Name

Company

-:

,

Carrier

Corp,, 4%

Catalin
Catelli

When

Corp;
Food

At tA F. -Co.v (sedond ' liquidating)^^
$5- '$ 1-15
Affiliated Fuhd,
Inc.4c1-26
A4f * Reduction Coj lnc.
(quar.)J.__1.^-__^_Z
1-25
-25cf",
Air-Wky Electric Appliance Corp.j^____^
;
10b
1-14
Alabama Mills, ;.IxiOi'<'
20c
1-15
-

of

40(f:

All- Penn

common'

(year-end)
(quar.)

Oil & Gas Co,

5

2%o

Allied
Stores
Corp.w;
Aluminum Cot of 'Canada, Ltd:-M

'.4%
preferred
(quar.)
Aluminum Goods

Sugar,5%

Petroleum

(extra)

25c'

(quar.)

12%c

2-

SOC

.

2-15

1-251-25

12-27*

$1.-12%

''1-15

Fork

&

Hoe,

4'/2%

pfd.

(quar.)__

American Machine &&
Foundry—
13.9%
preferred * (quar.)
American

Mall

American

Maize-Products,

American

Metal

American
American
"

•-Extra

Line,

Ltd.

(year-end

».

t

$1.23-

$2.25

Smelting-— 1 • '
(resumed)- ^
Amoskeag Company, common (s-a)______J
Common-

S'p-

Corp.:

(quar.)
Ltd

• we*»

4%%

Electric

preferred

eel

w

Armstrong

com.1

1-21'

2-

.

i

2-

1

1-15

Ltd.,

„common-

1-17

77'

(E.

1-31'

I.)

1-15

1-12

1-10^

62%o

Power—

.

J

Cork

Co.,

non-cum.

common

preferred

$1.12%7

(year-end) _s.*..4

::

Consolidated

; 1-20'"-:

3-

80oT

1

1-

1

(s-a)___

:

Electric; 4% preferred (quar.)
Refining Co., 4% pfd.- A (quar.)Z-u
-

2'2-

90c

Nichols

v

2-

1-15

Z7

2-1'
1-

1

1-21

2-15

1-15

$1.25

3-1

$1.25

6-

2

2-15

30c

2-15

2

9-

$1.75

2-1

5-15

preferred

&

.

7

1-15

11-

1-31

1-15

1-31

1-15:

277

1-15

1-13

12-30

12-14'

Group Associates

_j_j

'

3- 1

1-15

$1.25

2-1

k

;

Extra

—

2-

&,Co,, Inc.—
•7 CWnv.
priof preferred
(qUfif.)_tL„_j_'_ZZ ^.V
35c '
BkldWin Rubber;
Co::•i'! 'i7%c "

12-27
^

1-

'

6'^

^ Corn

Products

Refining
77 '7% ^preferred (quar.)

i- e-5-

com.

2t

l'i'

1-20

1-21

(year-end)1'




v

40e

-

1-20"

1-15

1- 2 *

Crum

:
«■

8%

&

Fonster,

preferred
(j

•

■

'JHi7

(increased)

<V\"V

..

■

7.',j■'*.
■-

}*
• •

;vi

•»
■

'

v".

'i

;Vfl«L"

C

-

_-.Ji.JJa>'
■ 4

v:*t

7;

'':/>'

■

•

$1.31%"
J

v...'

V;Z •'*•<<!

2*
:

7*

•

-

1-15?

"
-

i'U[,..

•,

30c

1-13

Z

3-31

12-20r
•7

3-14r?v

771- 6'*
8 "

4-15

4-

8

7-15
10-15

; 7'7-

8

5%

.

7>

.

4

10- 8'

30c

•'

12-311*

1-15

30©

?;

7

1-15

12-314

4

1-15

12-30

1-15

$1.50

1-15

1-

6'

12-31?'

(Syra- 7
$2.50

;

4-

1

50c

2-

r

50c

___x,

5-1",

3-15"

50C

8-

1

7-15"

11-

50C

v

"4

1-15
4-15

1

10-15 '

25C

1-15

1- 6

50c

■Z

4

4

1-15

12-31

i

1-15

12-31

.'

$17

.'"1-15

$1.50
$3c

i

12-31*

1-17

6t

1-

:

^
'

$1.50

^
;

•

2- T

'7

1-16

77

,-$1

1-15

12-31*

20c

■

1-15

' 12-31C

shown

Fund_

of

Co.

Drive

50O

■•4
:4

Quarterly

&

preferred
&

Malting
(quar.)

.

Gar- Wood
General

-

1-20

1-15

30c
'

quar.)—

150 '

$500-

common"

1-30

(quar.) JJ jJjJ

7

1-20

1-20 :
1-25

4
-

^

1-10?'
12-31,1

lOo

2-15

2-

14

5-15

5-

1 r:."

8-15 4

8-

1'-':.

12 %C

1-31

55c

industries -'4% %- pfd-J (quar.) x_J

1-

12-314

:10c

.jj

Z;

10c

Co. com;__-x-__-J_

?

1- 4

1- 5

1-15

;

12-314
f

12-31i?

1-17

:
.

?•

10c

$350

1-31

Schmidt

-Baking Co:,-

1-15

ZZ1150

(initial

—j_x_x_J_t

Grain

1-15.'

60

inc.—

Canada' (quar.)_.
Auto

Sr Co.

Z'
si";

75c

7' 7';

Brewing (special)—
Fyr-Fyter, class A (quar.)i
:
Gabriel Cbrapany, 5% conv." pfd. (quar.)ZxGardner Denver CoJ- (quar.) J_x__x_
Gardner Eleetric -Light Co.; -commonr_j_Jx—

.1* '3Z'..,

*

Trust

Brothers

Fuhrmann

1- 3

:T-1'5

1-17 \

1

15C

(qUar.)__
Brewing (quar.)__

Wheel

$2.20

1-17

1v

1-25

1-31

1-15 7 J. 1-

10c

Cos., Ltd.
(quar.)xx-_x_x—ix-xa.
Friedman^ (Louis) Realty Corp.,.com, (quar.)
; Quarterly.
_—x,
—J.
■:—

V

17"

Four

FOWhes

j'Z7V:-J;'7v'v

7,:l-y

'.

2-

-

750"

zW'}

70o

.

_—

(quar.)_u-^-_---f

"• *'vV

1-i

1J 2'"
12-23 i-

1-17*

>

•42-

15c

4*

1-17

5%

Fraser

1-2

"145?
2-

>

Froedtert

(quar.)—-

(quar.)

r

7

$i;r..:
25c

1-

1- 4*-

744714

preferred
Pitt

Foundation

?12-31

1-15*

20©>

■\L-

-

,

common

i

12-314

.7, $1.75:7

Cornell-Dubilier Electric—
$5.25 series A preferred

v:

Z

5%

12-301

(quar.)

,

.

common-

12-10?

1-15;

,

Hydro-Electric,,

1-24"

Fort

Corn: Exchange Bank Trust
Co;-(N.* Y.)"
Increased
quarterly

■'lw 6'"'

1

,$$!•'

'

41-31

5%

.

__—_J—

Fieming-Hdir Tobacbo Co.,

25b

4

7 12-27*'

1-15

250

•

Fibreboard Products,* Inc.r—
6 %■ prior
preferred
(quar.) _x___Jxxx-.ja
Fidelity-Phoenix Fire Insurance (s-a)_____.

12-16

u

1-15

4:1-15

$25c
J

6
6

12-27* •:

'

J*—jjjjj_jwx--jji^-x-—v

1-15

-.ZvZZ'*::

(quar.)

1-15

25C

(quar.)

—

1-10

11-

1

50c

-

Flfst'Mutual

15o

2-

60c

7

12-18?

:

1-15

1-15 v
■

-

1-15 H. 12-27*1

■

70c

'•

12-31

1

2-1

15C

Works

1-15

1-15

2-

.

3-20

2-1"

$1

j:

6-20' "
9-20

1-15

$1.05

Firemen's Fund Insurance (San Francisco)—
7J Quarterly : i
x_xrx_xx_Zx--:
Firestone Tire & Rubber™

1-10 V

■"'15^:?

25c

87 %C

■

J

2

..

1-6?

1-27'

10i

3-207

VT4*T '

1.12%

above; was 7
incorrectly reported last week as a* $2'
j'-Zi; ..V^ payment.
"
*■
Fllene's (Wm.) Sons Co. (quar.)__x_x—xx *

12:31

7-2.7

2'-'

30c

J

-

The regular: dividend

2-15

$1

i±

:V

25c

25c

:__'«._r.xJ—_____J«ja'

Extra

1

■L

■t: 25c

(quar.)___

quar.)

<• ?'
'K.-»

(J

'

.

-

'

2-

4-13 i
}'•'

6%' preferred (quar.)
.Jx_____x__
Federated-; Petroleum, Ltd.j-_—j—.j——.

12-3 J

2-15

/

2

If.:'

1-15.;

stockholders.

common *

6- 2
9♦12-

2- 1
5- 1

J*.

*

it.':

3-

9-15

■

25c

—^_____—___—

7-

12-31

1

*

$6.50

—a.

;

Federal Screw

12-31

3-

1-17

6-18 *

.

$6.50

jjx

Inc.,

3

M2-15-

$1.50

-A.fi?

1-16 i
12-31

3-15

$1.60

•

«...

—

1-25
2-

7

1-15si
1-17

1-15

$1.50

j

_

1-15'

1

"

$1.50

(quar.) jJl_—wj 7

-

Quarterly
Quarterly4".
Quarterly •

■

1-15

2-

1-31

20c-

-

xjj__

x-x_——i—
(extra) x'____J-_—x—
Federal Services Finance, common (quar.)

12-31

12-31?

1-15

1*

12-31

■

-

1-1.5

1- 2-

1-15

7

—;

Phonograph

-

1-15-

1-15

V-

&

■

■

1-15

1-15

$1.12%
$1.25-

a

cuse, N; Y.) (qUar.)
Fashion Park, 7 Inc, j (Initial

:

12-16f
"

"

$15c
:A 170

1st pfd.

Farmers & Traders Life Insurance Co.

j

I

2-15

$IZ

"J.

Z

Rj Corporation (italtial)-x
_-_J—
Fabricon Products," Inc. (irreg.)——
Fairbanks-Morse, Ltd:; preferred (quar.)

2-7

$$1.25
$5c

2-

•

$$1.12%

xx—

J

Eversharft

i- q ;
u 7

1-13

1-15

$200

30c-

(quar.)

j

r„

r:

-

$1.75

(extra)

Company

$$I.73i

(quar.)_

Supply^(quar.)_x_xx_,J

Extra

v

Extra

2-1

(s-a):_'__

■%

1

(quar.)_
par value (quar.)_
par value (quar.)

of the common

8-15?

•

■

-

1-3*

12-20?
1- 2

Esmond Mills, Ltd.; 5% preferred
(quar.),—
Espey Mfg. Co., common (initial) j
J
Preferred" (stock; dividend)
x,_-—
Preferred
(stock dividend);■ Preferred
(stock
dividend)
Preferred payments subject to the
approval

,

.

1-3

1-20
2-1

par value

no

Bond

••7.7 Extra

1-18?

$250

Co.

1-31

1-31

$25c*

-

.

a-1

$1.25

.JJj?

'

1- a

preferred

HmployerS

3-1.
12-28*

$2

(year-end)

12-31*

b

1

'

2-

$8

Inc.—
(quar.)___

2-

75c

(quar.)

Emerson Radio &

1

$10c

Royalties,

Cook Paint1 ^ Varnish
Coon (W. B.)

1-31 i

1%
1

v:

i-ron-s

2-1

$11
$$'•

B

1;

3

3-

Paper,* Ltd.

'

*

2-

_

—

Continental Insurance Co. ..(N.
Y;)
Converse .Rubber, 5%
1st preferred
2nd preferred
(quar.)
^___

12- 6v

1- 7

1-24

$2.50 1

-

preferred

12-31

$250

Share, $3.50 pfd; (quar.)
preferred (quar.)x
Ely «te Walker Dry Goods, common (extra) _J
•7%? lst preferred (S-a)_______jx—
6%fc 2nd preferred (s-a)'j___Z___—xj_x—

3-26

.$250-

•

1-31VZ

1-23

;6%

Consolidated1! Textile

Z l-3l^

1 =

1-18

^ -7 $1.50: J

r.

'

6

12-27 W

2-1

(quar.)

-—

$$1-

Consolidated
23-

./<;.15c
common J

Atlantic City

preferred

2-117'

,,'j' .rZr-*'i

.

(initial$10o'
(quar.)_^^_j_^J-Jl-$$1.12%

Constable

1-20'S

12-27 '

1-15

f 1-15

$25c

$4.20

35c

Extra--

:

12-27

fc

Rstdfng ASsdclbtibn;1 Inc.—

4%%

'

2-15

t$1.25

1-15

$30c

6%t lsfc" preferred B (accum.)

>

Electric

3;

250

Semi-annually

12-31

1-15
1-15 v

(s-a)j

(quar.)
_J7
Eastern Township Telephone
(quar.)
Ekco Products, common (increased
quar.)__

12-31

4- 1

250

1-15

2-1

$$1.25

lst*'preferred"A (quar.) Jajaaj.wx--ZJaZ*:

$1

40C

common-(quar.)

2-1

$35C

x-i-a

i

12-31-

2-1

•

$25o

B

■

■

■

de Nemours & Co.—

$2 par and no

1-10

1-

$1.50''

1-15

$400-

u

common

(quart)

Metals

^$2 par and-

12-311

1-15

$1

12-27

$25c-

common

$2 par ahd-no

71-10^:7

1-31'

1-15

50"

12-30'

1-31?

$75c

(quar.)

(quar.)

2*T

1-30'

$20C'

;V

(quar.)
7
(quar)Jxxxx.x_xxxxxx_i.J

Eastern

11-26?

2^ 1

10c

2-15

*•

$37 %c

1st preferred -A (quar.)__
1st preferred A "(quar.)
1st' preferred B (accum.)

6%

67 "

1-

20o

(s-a)

12-30 ^

12-30-

$440

Ijaaoiis

class

1-11

1-17

1-15

$370

6%

.

12-31

40c

(quar.)

12-31

1

$1

15c

&*Coal. Ltd.,
.

•

25c

$27%c

:

Chemical,

6%

1-10 V

1-20

%o

;

1-10"

1

15c

30bi;

$5 preferred
(quar.)
Consolidated Grocers Corp.,
■

'

Corp; (extra)
Equipment Corp; (resumed)
Topeka & Sante
Fe'Ry,,

.Barlgdr

1-20

2-

13c

h

u

k

2-

$lOcr

Steel

1-15

8-15^
6-201

1

2-7

"*

___

(yfear-end)

Co.>

1-25

8-25
7-

t$1.26

Corporation*
Eaatern Massachusettei Street
Railway—
6%
1st? preferred A (quar.) __x___J_xx__J/

12-12

1-15Z

Consolidated Mining &
Smelting of Canada—

1-Z 12-31"

a-

25C

(quar.)_

Atchison

A,ustin

1-siV

$$1'

(quar.)

•

3.60%

-

s

1
Co.' (year-end)

Eastern

5^12-34

•

2-10

$1.18

Connecticut''River Power 6%-' pfd:-(quar.)
Consolidated'Car-Heating Co; (quar.)
Consolidated AEdison Co. (N. T.)—

6-27.

$$1.50

w)

ArgUS Corp., Ltd., common.
4%% conv; preferred

Atlantic

6-27 ?

U 2-

12-31

*

1-15-'
8-15 1

7%

(quar.)

Duquesne^Light Co., 5%

12-20'

25c r

i—

1-15

1-25

Ltd.—

Crucible

-$4.50 preferred

"

1-15

37%c

common

2- 7

!

(Interim)

xx__:

duPont

6-31
1-17 f

256

'

—

1

8-25

$1-

■

Appalachian

,.5%

7-

7-' 7

s IVboTj
W<

Ltd.,

Concord Gas. (New Hampshire)
;
7 % £ preferred(accum.)_•

.

Inc.—

preferred

Trap Co.vof America,
preferred (quar.)__

Arnold

12-31*
12-16 v
12-17

2" 7
J"

75c

Extra
Animal

■

:

1

1-31

$250

(quar.) i.___J—

Common:

1-27

$ii
$1.50-'

Coal,

DUcominun

2-28:

7- 1

50c

—

6*;

$2.25

(s-a)

Post Product's,

prior

1-

1-15

-IOC

,

12-20 ^

12-31

4- 1
2-

$1.12%

Enterprises, Ltd.— v

preferred

3-

•

1-15

30c

1-10*

1-10*'

$1

Dupian Corporation

20C*

j..'

1-10*

1-20

10c

(s-a)___a-a-__—

$4 preferred A^(quar.) _x—
Dryden Paper Co/* (initial)____.

.

Community Frosted Foods—1st 1 participating
preferred
v
Year-end •

i -Z- -r'Vr

3-: f-1^157

1-15 *

$1.25

—^

1-20

75C '

6%

Aluminum Products-———

•

Dow1

712-27

2* L

(quar.)
(quar.)

1-20"

1-20

25o

-

1-29^

1-31

$l'f

—

,

$2!5G

'

25c

Alcohols, Ltd., common
(quar.)
Commonwealth & Southern Corp.—
;
.$6-preferred (accum.)-

12-20

2-23

$250^7.

56

1-31'

*

iZ

Dominion'Woolen^ & Worsted. Ltd.
Donftacona Paper -Co., Ltd.—
j4%% conv. preferred (quar.)

-7-:^p f£

'

12-27

20o

_

preferred

VCommoU' VTC

1-29'

$i5b :;

(extra)

Commercial

12-16<>

1-15

1-10"
'

50c

com.

1-15

12 %c

Dominion Textile Co.j Ltd.—»
1 7%
preferred • (quar.) .J-*-—.ou—ws

l-ilO'<

2-1

$$1.75;•

■.

12-20'

'

Dominion-Tar & Chemical,
<

2-1

120

Z.

Terminals,

com. (initial)'—
(quar.)

12-18

1-19

.

$7507

Ry. (quaf.)

8%' '" preferred

1-15

25C

(quar.)
J
American Telephone &
Telegraph'Co.-(quar.)
American Zihc Lead &

5%

1-21

1-15

Extra

2-28

^

Collingwood

new

Corp.-Seagrams,

Dominion

12-26f

4- 1

$75C"

City Stored, common (quar.)——
Class A: (qUar.)
Clinton Water Works' 7%
pfd. (quar.)

Combined"

1-15

'*

,

'

1

''

(quar.) j

7,1. Preference, (year-end)
.

1-157

-

250

preferred

A'nglin-Norcrbss

1-14
'

$1.12%

i._._

■

25C

82%c

Extra

preferred

150

''

...

12-3V

1-21

:

Club

1- 3 -'1-10 °

2-

$ $1.5 (R

—

12-31•

1-15

5

7

3-31'

-

preferred

preferred

-Mfg.

Dominioni Oilcloth* &" Linoleum

12-20Z

6

1-

1-15

30c

u..a4

preferred (quar.)
Malting, common ;(quar.)
preferred (quar.)__

,.5%

12-20

2-22

—i_

1-10

1-31

Co.—

(Joseph)

7%

12-30

1-25

$25e«

.

1-10

1-25

40c

Dominion

1-31

;

1-27

(quar,)_^;
(year-end)

City of Paris-Dry>Goods-*
7%r 1st preferred (quar.)

12-31

1-15

.

25c.

American
Rolling Mill Co., 4%% pfd. (quar.)
American Safety Razor;
Corp. (quar.)
American Sugar
Rfefining—•
Common (year-end)

■O

•

250

Z

1-23*

1-15

& $1

com.
fquar.)___i
Co., Ltd. (year-end)
Molasses Co.
(quar.)
News Co., com.
(bl-monthly)__^_

12-31

4-15

97 %0'

12-31

.

1-25

25c

(quar.)

Dominion Glass
7:';Z7 Extra'- a*

%:■ 1-31

2-15

$18 %0

(quar.

5%-'

12-27*

1-15

30C-

50c

*

1-15
2-15

$2(Sc-

_s.^

75c

1-16

—-a-

Ltd., 6% pfd. (accum.)a__Dairies, < Ltd.—
5% non-cumulative preferred
(quar.)___w
Dominion Fabrics,** Ltd. com.
(quar.)J
fist pfd:
(quar.)
Ja.a_-..fc4*saJ
2nd pfd; (quar.) as
._a__a_a__aa-__s^_

;

1-15?

12-31'

preferred
America

Products, Ltd.,

5%

50 c

,4%% :preferred(quar.)-i._Z-»--''-w«-^--W--»-'\;$ 1.12%

6%

12-31

500

American

;

1-16*

30o

1

12-31

$50"o->
$11.25 J

(quar.)_
Chicago Corporation (year-end) a-—i.—7
Cincinnati Gas
ElectricZ—
Cincinnati Jriter-Terminal RR7 Co.—
4% preferred (s-a)
Cincinnati New Orleans & Texas Pacific
Ry.—
5 % preferred (quar.)

1-15* '

1-15

2-

>

$$1.56
37% 0

Chase Candy Co. (increased
quar.)..—______
Chase National Bank (N. Y.)

1-17

m

.Extra"

Anchor

-

Distilling (quajr.)__fc__Li__^-^_^

American

$4.25

:

1

1-31'

25o

,

.

bzii

1-31

"

preferred

(quar.)

Aiuerican Asphalt Root Corp.—
Increased ..quarterly
Extra
American ;Can Ca. (quar.)

5%

ia-2$-

3- 1

$25c:

,

Manufacturing Cor

Amalgamated
Amerada

1-10

1-20

1- 3

1-31

250

Co;; Ltd.—
deposits receipts

Dominion

12-31
1-11^

1-15

—

1-15-'

50$

1-11*

v

1-15"

—

Certain-teed /Products—
4% % prior pref.- (quar.)
Chain Store Investment
Corp.—
4% % conv: pfd. (quar.)

';T-is'^.

1-15

10c

(quart)
Dome Mines, Ltd.

1-11

1-29

37 %c

•

1-28

3oo- '"2- t

1-29

>

1- 3

933/4C

20c

Dodge Cork Co.
Dodge Mfg.. Co.

1-15

$1507$$1.75'

jv-V ■ • Common■ (quar.)i. JJ_—_ZZ-, Z
Central Kansas
Power,-4%% pfd. (quar.)
Central Republic Co.
(year-end)
T- 2*
Central Ohio Light & Power
(quar.)—
12-14

2-15

12-28

1-15

(quar.)._^.JB_rf

Stove Co.

5%>■ preferred

1-15.

1-13

1-10-»

■

Additional

••••■••

$1.50

Central Aguirre Associates
(quar.)__
Central Hudson Gas & Electric
Corp,—•

12-30S

•'*

AliianceWare) Inc.*

77: >5 % •' pfdi

Holdert

Shaft1 Payable of Bee.

_

1-31

62 %c-

"A^ (quar.)

Carolina Clinchfleld' ftZOhio
V Carolina Power &• Light com

Celotex Corp. com.
-

Aro'

Breweries^ Ltd. (quar.)—,-,

v

partic.

Dixon

3

37%C5

6%

,

:--v

1-

$1.501

(quar.)

Canadianu pacific ;Railway—.
4% non-cum pref. (final)____Z_
Cannon. Mills Co.- (extra )__>___—v

1-15 '

*

12-23?

-.

1 v

1-31

7

$1'*

73©

(quarv v__j—

1-15

;

2-

1-81
$1.75 7 E? 2- 1 7;

Canadian - <fc Foreign Securities
Canadian General
Investments, Ltd. (quar.)
Canadian Industries, Ltd. com.
(increased)
7 7% preferred"

-

•

1-15

$$3.50

Quarterly

7

12-31

1-15

Dominion

.

1-24

1-15

4o

25c

„

(increased)

Distillers

>•

2- 1

iZ

$2

Co., Ltd:—
prbferbnee (quar.)Canadian Foreign Investment
Corp J Ltd.—»
V
QimirtqWy7^.,r
7.:.;.:'.
r

5C

,

1-17

$3

$1.75

Canadian' Converters class
Canadian' Fairbanks-Morse

1-13"?

3-

50c

Young

Distillers

7

90c

•

-

11-15

2-1

~

12-31:

.

.

50C'r

'

.

12-31

1-15 ii

'

v

2* I-

&

"

12-31

$1.12%

a_._

B'

1-13 V

90b '

;
'

5 %
preferred
(quar.)
Canadian Car & Foundry
Co., Ltd.-—
Common-"' (quar.).Z. J—
; Class A-1 (quar.)
j——' '■

l-2tft
1-211

(quar.)

1- 2

$11*

B

,.v

40b?

Canadian ^Bronze Co.;ZLtdl—
Common:, (Increased - quar.)

1-21

'1-20'*

1-15

A

.Class

8

7;

$250l

(A.

Canadian

-

'

v-Wv4

1-

Amer.

——

1-21

1

2-

-1

6

300

"

$$1.50

—

^7%-; preferred' (quar^'TZL-^JiLJ...--^-—
Canada Southern Railway
'(s-a) _1Z._

:?

1-

participating ptefferred (s-a)__——_
Dictograph Products Inc. (year-end)
D1 Giorgio
Fruit, Class A (inoreased)_—__

at

Class

S.) Co., common (s-a)ii__t—_
Northern Pbwer, common
(quar.).-

Canada

1-10
■

1-

2-25

$40C

California Packing Corp., common
(quar.)_
•••..;5% 'preferred 1 (quar.).—_.iJ——_—

a-io".
r

1-16

72%%'

7

(quar.)v

.«

V

$1.06J/»

1-20

(s-a)

Diamond Match

12-31

Ltd.—>
—

—

Campbell

1

25o

..Si

Class

(quar.).
(quar.)i——
$3.60 pfd. (quar.)

6% -preferred (1927" series)

4v:

2-

Co.__

Do Vilblss- Co.

ordinary

preferred -(quar.)
6 %';preferred
(quar.)

1-25
'

93%0

Co.

Shoe

Extra

.;

1-15

1-15

2-15

6%

«7 %\ -

3-15

2-101

•

(quar.)_

Gas

1

Lines

Edison

Detroit-Miohigan

"

vS 1- 4?',

$3

J

Wheeling 8t Lake Erie Ry. Co.—
"14%: prior lien (quar.)

1-10

1-13!

$1.12% j
-

1-15:

i2* 1

.

(quar.)

_i -.u__ J_

1-14*

20C

400

'

l-31i

■

7%cr

.

Company,
preferred"^(quar.).
:
Burns & Company, class A
(initial)—^
ClassB(inltial)__—
7
Buttserfly Rosiery -Mills, Ltd.—
7 7%ypreferred (s-a)j^_——
Byers (A. M.) Co.,v7% preferred (quar.)—-i
California Electric Power,
$3 pfd. (quar.)
?
California-Oregon Power;.Co.—
-

;l| 1-14

:15c

Ry. Co.,
(s-a)

"

1-15 }

2-28

2-

1- 2J

87V2C

,'isiaay.

Detroit Gasket

>

12-20;

$35c

1-15

dextra)—

Air

Detroit

12-20I

—

$3.60

2-1

$1.25

Washington Gas Light, $4.50.conv..pfd, (quar.)
,$4.25 preferred (quar.).™___x_.4_.__'JxJ_
"Well! i(Raphael) & Co\ (annual
J

Brown

1-13

Z

Union

3-* 4

1-15

ClaSS AI

Delta

2'

1-15"

00

Elec.

preferred'

3-20

,

for

Brooklyn

1-15*'

1-

50c

$1.12ya

Delaware Power &* Light Co._
Monte Propeftifes

1-10'

1

:

receipts

I-I3:

Z 1-31

1-16"
2-

$12 %Q 7

Brompton Pulp & Paper Co., Ltd,

$25c>

•

Columbia

$2

6-18

1-15

common^.—

Del

4't

$32 %C

(final)

prior preference

6%'2nd

•

;>

(quar.)

1-25

;$38o* * 2-15 :j

Co.,-5%

Ltd.

12-11 \

2-15

.

'i

3

1-157
1-

: :

■

3-18

1

30c

_______

Ltd.—

deposit

1-

'

VI

1

7-

$1.75

Dayton Rubber Mfg: Co.—
/Common (increased
quar.)

2-26'

1-14-

Corporationj'

3%% preferred series A
Davldson Brothers, Inc

12-31

20C Z

Eritish Columbia
Power, Ltd., class A
British - Columbia Telephone Co.--.- -

12-11 i

1-10.

Celanese

registered

.

British

v

1-10

'

25c V

10c

[5% noiv-cum. class B
Walker i Hiram) G.> & W.,

1-20

,y

Dana-

4-

^

(quar.)___.

common

$4.50
participating . preferred
Cypress Abbey Co.^w

60c

_

participating'preferred

American

;;

5*4

150.

cl. A pfd: (quar.)
preferred (quar.)!__

7

4-15
2-

>

'& 2-17 V

194/3C::

(irreg.)^^1

3% %

2-

$5".

Co.v.-Xquar.}——

Roller

British

2-15

20c '

—

6

7

12-27:

1 1

Holdert

Payable of Bee.

$1.75

(quar.)

_a

12-31

3-

'.j;-710c

(accum,)<* o

'

1-21

•

1-15 ;■>

150*7

:.7"

,i

12-16

!

1-15

;

$25c 7
V,

1-15V

1-17

$10c

;

Bearing-:——,Cordage, Ltd., com. (quar.)—- ,<
preferred ^(quar;)i^.-:_"_—
j.—
Brantford ' Roofing;, ..Ltd.-. .(interim)
. ?
Bridgeport -Hydraulic Co.. (quar.)
Bristol-Myers Corporation—
.,

2-261

,

1 7 ;-

2-1

37 %c

"

1-17

2

$1.30

.5 %

-{Class B)(lrreg.)^_t^^-»,-ilwl^t^-ii-^i
Winding Co._jj_,___r
Utility Appliance Corp

Extra

5-

:<}. 2-15

50b

Universal

;;

3-12 1'

IOC

Class

Sciver (J:

1-

400

.

1

2-

Brantford

li

*;'

1-15

•$!'-

United Drill As Tool
Corp. j class A (quar.)_ x

2-

30c -s.

>

60c

—

Edison

Bower

1-15 2

15c

Ui St- Foil,- class ^

2-

1

25C"

Oilshares, series

;4

Borg

1- 4

j

1

3-15

i". 40c

United Coyp.,;
Ltd.; $1.50
Class B

Van

1

25c

50c

!'

—

(Philip) & Co,__—
(H.- C.)1 C6:» 7% - 1st pfd.
(Georgh W;)^ Co. (quar.)

.'Boston

i

4-18

1-15

2-

J4 4

1-

—

A' (quar.)—

Bohack

.

1-18}

4-30

3-

37%c

1-17 1

30c

______

Foods, Inc. (s-a)
Hats, Ltd:; common (quar.)

Blum

l'i

$19c

'•

class'Altquar.)^--•
:(quar.)_____i_;i__£___i______;____

3->

2-

(year-end)

^Manufacturing
7 Blair i &
Company
(year-end) —_—;

1-m

'

-Special
Trustee Standard

1Z:

1

7

1-15-

Blnks

>.

2-

_________

;

3

87 %c

Standard .Silica Corp.'
(quar.) !x_1_xxx_„.j4- •
Stott" Briquet Co., $2
preferred (quar.)'
44
"SWff.fr- International Co., Ltd!— \
1
"
4.Deposit certificates, (quar.
Torrington Manufacturing Co. (quar.)

1-31

(s-a)

1-30 ;

r-

preferred

4V2 %
preferred
(qftar.)___
Cuneo Press, Inc., 4%%
pfd. (quar.)j_-a___
Cunningham > Drug StoresCurtiss Candy Co.*-Common
——

1a

1-15

Biltmore

1-31" >Z 1-lRv

25c

%o

1-

1-31

$20c
41

)A

2-

$$2

Shoe

'

)

1-17

&

Berland

Loan

1

When

Share

-

7%

w

—

Hedges, $2 preferred (quar.)_».—
Stores .(year-end)—

i

preferred

$6

Corp.,

3-

Company

Cudahy Packing Co.,

$3

(quar.)

Benson

1-13 T

1-15:

•

12-31*

35C

4-13 >

42*.L* ■r v 1-14:-

.

12-31 1

1-15

--t-v

Industrial

2-15

\ 50c

-

*

Corporation (quar.)
Telephone Co, of Canada

Bell

12-311

1-15

$25c

Baystate
'■

1-15

(quar.)

Beneficial

25c >

._

&

Class A

1-25 z

z

50c

$5
50' >

Per

Name of

Cuban-American Sug&r Co.—
7 %
preferred
(quar.)

$$1.75

«,■

Beneficial

1-15

13c'

.

:_x_x

Bathurst

>1-25

1-22

$1.05

(quar.)__--

(accum.)

Canada, Ltd., 7% pfd. (s-a)_
Co.,. common (quar.) i
Power
Paper Co., Ltd.—

5--I* J.

5c
-

preferred

2-15* J"
2- 1

:

Share

7

"

"j

.

250^

:

,

Brothers

Class

floutham Company, Ltd.
(quar.)(.____u_^___ v
Springfield Gas Light-Co. (quar.
-Squibb tE. R.) & Sons
___"
$4 preferred (quar.)-j_
J__4

{Extra _4x_x
Tjrane Company
Transame ?ica« Corpi (s-a)

partic.

Bartgis

1-15"

2-15

Company

Securities Corp.—

Barber-Ellis of

1-15-

'i

1-20

22c>,

preferred (quar,.)_______^_„_^_-_i
'4%* conV; preferred
(quar.1l__J_____l.___'
Banger Brothers, Inc.- -(quar.)
Segord (Laura) Candy Shops Ltd.
(quar,)I_ "
Segal Lock &> Hardware
'Co., $2.50 preferred Sharp-& Dohme, $3.50 preference A (quar.)_

•

-

Best

__:.i__;_____:_::ZZZZZZ:ZZZZZZZ^

j4$>- cony,

1-17

50c

Rockland Light
Power
(quart>xJi4-jZxj4
Rutland & Whitehall
Railroad (quar.)S &i-W

1

v! 50c 7

- •

Insurance Co. (iff VT)--i"
Z-.x.isx-xj _Jj ■ r —? 4:7
!4Z

j.^Quarterly 4

2-

35c

y-44._--.__j
yROdn- Antelopfe Copper MlnesZZ""-"""""'""""
Rbchfester.' American'

12-31

35c

"

Klce-Stix Dry Goods
Co., common
:Quarterly'' J_. j_I^j ,'V 4 • 7'4

2

25o '
7v

'''

1-

7%c

com......

'AM*

1-31

%o;.

___

'

%0

87
(quar

6%

3-10?

■

When
Holders
Payable of Rec.

Per
Name of

Bankers

5

25c

(quar.)_.

com.

(quar.)_
Republic Drill & Tool
Co., 6% pfd.
Reynolds Metals
(resumed)
Reynolds

2-

35c

56

(quar.)_

Manufacturing

~3%%

25c

_________

£a,<Jfu^d i?' M,) Grocery,
Reliable Fire
Reliance

when
Hdldera
Payable of Bee.

Share

common

IOC
"

50c

12 %c

1-15
1

1-20
1-15

15c-

.

12-31

2-

$4

56VxC

1-15 v;

1-15 i
12-

25C'
.

•

1-21

2-15
2-

1

2

1-154
1--3"

12-31
2-

1 W

1-17

General

Company

Electric

*y*->',1;" .' 40c"

.

5%

(8-a)

preterred A

(quar.)/*/.*

com,

_—

*.**

Mills,

General

5-24

1

•

1-6)

2-

1 C

1- 6#

3-12

1-15*

Lit

Mittle: Miami RR. Cu^—

2..1

12-31

dividend

Stock
•

Gornam- Mug:

-?

1- 8

2-1

1-

Crandview Mines (s-a)
Graton & Knight Co,

—

1-31

1-22

1-14

1-

1-25

1-10

40c

American

Insur.

$1
30c

1-15

12-20

3- 1

;

5%% convertible preferred (quar.)*,
—.
Griess-P.leger Tanning :/****/
—
Guarantee Co. of North America (quar.).*—

2-14

Extra

/

*.*

$50c

1-15

12-31

1-17

12-27

60c

1-15

1- 8

$1.12Va

(quar.)

pfd.

1-15

12-311

1-14.;

12-10

4>/2% pfd. (quar.)
,$25c
Ltd. (year-end) '** *. WW*-* •»•'*•» •&>1 f»
I 14'/2C
Hartford Electric Light Co—
.*
$1.12y2
Hat Corp; of America, 4y2% pfd. (quar.) —
15c
Havana Lithographing Co., common—
37V2C
6%
convertible preferred (quar.)
50C
Haytdan Corp. of America-———.
40c
Hecht Company, common (quar.)
25c
;■- Extra; **_***;.///**/«,j*//***/
93%c
3a/*7c
preferred (quar.)
—
$1.25
Hercules Powder 5% pfd. (quar.)
.-*•
Co.;

Battery

.

Corp., common (quar.)*
:\$4 convertible preference, (quar.)
*/—
""v'
Extra ***
—
#**-.***——■/*—
Hibbard Spencer Bartlett (monthly) __*___*
Chocolate

Hershey

preferred
(Edward)

.

Hines

1-21

1-15

$1.25

2-

f.

6% preferred (quar.)
Hunts, Ltd., class A (interim)

Class" B (interim)Hutchins Investing, $7 pfd.

1-25

lc j:

12-31

2-1

12-31*

2-

:

1-27

10c

$1.50
5c

3-1

1-15
1-15

12-20

"

1-15

$2.25

(accum.)

62yac

;

of un-

Morrell (John) A Co.

1- 4

2-

Extra""/—

—

9%

12-31*

1-15

12-27#

^ 1-15

12-14-

$37»/2c

1-15

12-14-

650

1-15

12-16

25c

t8%c

; 2- i

1-2

$2.50

1-14

pfd.

1-15

Knitting Mills, com. (quar.)
preferred A (quar,)—-——

Jantzen
5%

1-15

12-16
12-31

r;'.

4% i 2nd preferred, A (quar.)

,

$1

2-1
2-1

—

Southern Ry., 4%

preferred (quar.)
Inc., common

Kennedy's,
-i;;

Year-end

". 1-15
2-15

2- 1;

1-31

1-7

-Common

1-20

90c

1-U,

-43CV

Kroger

2nd preferred

JLabatt

Ltd.

(John),

St.

John

Extra

Lamaque
Lane

(quar.)
& Paper

Power

1-13

2-15

37yac

j-j;-—
Ltd.—

;

:

1-15

12-23

C;

;

-

Class
Lanston
Latrobe
A

Electric

Steel

Co., common^

Special

-Lebanon

Machine

_

Valley Gas,

56y4c




" 2-. 1 "f

North

" 50c

■

(quar.)*

lrl5

12-31/

25c

—

;

1-15-

12-31*

2-28

2-18

30c

1-15

1-

-

50c

25c

$2/:
75c

1-20

1-20

i'2-1

8

v

;

12-16/
1-15

Boston

common

$3
-

12-16t

•

dividend

.

Lighting

Properties—

(irrfeg.)

preferred

—

.(quar.l t—;

j

Northern-Indiana-Public
5%
preferred (quar.)*

12-31
12-14'
2- 5

Samson

2-15
2-15

:
1-15
12-20
1-15
12-20
1-15
12-14
2-T,/; .1*15"'
2-; l;./ .1-15" "
2- 1 "1-15"
2-1
1*15,

1-15 ' 12-14;
2-15
1-15

1-15
1-15

12-30

3- 1
2-1

;2-"l-,"/1-15"

1-15
1-21 ;

50c
2-1
15c2- 1
.150//. >2- 1;

3-153- 1.
1-15 ' 1- 4
$l:75:""-l-l5/::"vl*'4j;/

$$LQ6y4

*—..—

pfd. A (quar.)**;

13%c
2- 1
• 20c*
1-15
25c
1-13
50c • " 2-10
: IOC - 1-25
25c
1-15
Extra ,;/**/-*/**-/**«**—*—-***——*^—-; : ■ /Xl-"/ 1-15
Schwitzer-Cummins Co. (year-end) *_//_//*
SOc.' -1-.16 '
Scott Paper Co,. $3.40 Preferred (quar,)-** ^
850 •. 2- 1

1-15

preferred (quar.)i**-/~*-« "

A Electric, com. (quar.)—;*
preferred (quar.)
—
Schenley Distillers Corp. __***————
Schulte (D. A.), Inc; (initial)*—/--**/—r •
Schuster (Ed.) A Co., Inc.—**—**«*.—•—r r

•:

.

5

"t/75c^^ 1:15.'-^.12-31'
1-15
l-"2?
1-15 # 12-31
3-10
2- 3

1-14 " 12-31

A-Hflpar.)/-./":—.-$i -

Co; (N. Y.) (quar.) —*

" 12-31

San Diego Gas

.

5%

Scovill

.

$3.65

Manufacturing Co.rpreferred < (quar.)

Scranton
„
•

'•

"12-31
" 1-20 *

•

Electric

;

—

91V5iC

25c
pfd. (quar.)/* " 62yac
(Texas)*/****///-'"" •" 15c
A Powe* Co. ^increased)"" / t30c
America,., com.: ;(quar.)/i """.10c

Co.

(quar.)**___—*_//*

Segal Lock A Hardware, $2.50
Seven-Up Bottling Corp.
Shawinigan Water1
SMeraton Corp. of

-

-

1-11

United Corp.—

"" "65c convertible

,*

I:
" v 35c /
1-15 /12-31'i

.**__**!—"*** ''•'- $125

12-31

1-15
1-8 •
1-1$ " 1- 6;
$1,25 " 1*12#12-16/
* ■< J,
%
4% class A preferred (accum.)
——
$250
1-15 12-23
St. Lawrence Flour Mills, Ltd. com. (quar.)
.
$40c
2- 1
12-01 .
,7% preferred (quaf.)
——.
$$1.75
2- 1 12-31"
St. Lawrence Paper Mills, Ltd.—
,
•
'
... " *
,
/
6%
preferred (accum.) «*___—*.———*
$$1.50
1-15. 12-23
""St" Regis Paper, 5% 1st preferred—*
11 l/10c
1-17
—*

$30c
1-20 ,1* 6
937/sO
2- 1
1-16
13c - 1:1$'
12-31
r 15c ;
2- 1: ; 1-20

Service—\';

Service-class

(quar.)

gt. JosephsLt. A Pow. 5%
St. Lawrence Corp., Ltd.—

'
: .
■ 97'/ac
2- 1.v'/ 1-15
/ $3.75" .. 2- 1*
1-20
5 : 5%
2-20 " 2- 1'
25c - / 1-20
1- 6

—_*—/j,

12-31

.

12-31

7% prior pfd. (quar.)
<-7- $1.75
*
Northern Central Railway Co. (s-a$2 <•
Northern. Liberties Gas,
—
60c..
North Penn Gas,

$1.25

1-15
1-15
2- 1
8- 1
3- 1

Royal Typewriter Cov com.. (Increased)^*—' 25c
7% preferred (quar.)
-**
:
Russeks Fifth Ave., luc. (quar.) ——**.— ... -25c
St, Croix Paper Co. (year-end)*—***——.♦
.$1.50

"5

12-20

1

1-21

.

•

1-21 12*81"
1-21," 12-31"

50o
5o

SOc

—

—————

preferred-(quar.)

,4(4%

Norfolk A Western Railway—
V
f
Adjustment preferred (quar J_*
***"\":>;i' $1":" 2-10
1-15
North:American Acceptance.Corp..(Pa.).—
, ;
"
, •
'> > '■ - f . i". J
Class A (quar.)
**—*_*——*•_'5c (;V;l-20-../': 1- 4/

1-15 ■" 12-23

1-15

;

(quar.)'——————*'
(quar.)—
'

6Vo- preferred

/

•«.

(quar.)——

———1'_

$$1

$2yac^ / / 2-

A (quar.)
;
———
B
(increased)—————
—*

Monotype

8.90%

Cash

1-10

1-11*

12-31
12-31

1-15

1- 7*
12-31.

1-15

1-15

1-21/
-———/.i*****-**--**..****--*...**'*^*,.,:',
Rio.Grande Valley Qas Co.**-.—^——v^*.v - . 5c.
2* l; ,1-10;
Riverside Cement Co.V $5 pfd" (quari)//-//" P $l,25 ; ,,2* 1> ; 1-15"
Roberts .A Mander (initial) **——*#
.,
10c . 1-15 .12-30n
Robinson Cotton Mills, Ltd. (interim)—*/' . , .$10c . .
2-l.v/:..l*.
Rochester.Button Ca. (quae.)————. S0q;"//1-15" i
Rolland Paper Co., Ltd. com. (quar.)—*—.
$15c
2-15
2-1"

'3-15

1-15
2-15

2- 1

Extra

■

1-11*

1-15
1-15

preferreid

Richmond Insurance

1-15 ;

1-31

$2.

,

,

•

York Power A Light Corp.—

'

12-30"

1-15

$50c

(interim)
preferred .(quar.)——,

United Bakeries, Inc.-—

/

York

preferred (quar.) *_—;
-**—
Niagara Hudson Power, $5 pfd. (accum.)
Noma Electric Corp. (stock dividend) *—--'*

1-15
1- 9"

1-16

Mines

Bryant'4^%

,

,4zoc

j

Co.,

2- 1

■

—
—

Merchandise——

New
New

l-,2;

ij

"Rhode Island Public

12-31,
1-15
l-l?:.

Corp.—

Ordinary
-*******-—-***-*-*.
Newberry5 (J. J.) 3%% preferred (quar.)
New Brunswick Telephone
(quar.)

1-6

2-25

$1.75

$2 class

*,

12-31
5

IOC

:

•

Gold

Langendorf

Leath

1-15

:

$1
150

—

Quarterly z
v

"" 12-31..

Company—. -

(quar.)—
Krueger Browing Co. (year-end)/
Lake

1-15

-

—l

12-31

1-15

4c

—

12-31

/ 1-15"

$1.50

$1.25
25c
17yac
$1.10
95c
50c

pfd. (quar.)—
90c
Potomac Electric Power, 6% pfd. (quar.)—
$1.50
5ya%
preferred "(quar.)—————. $i.37ya
Power Corp* of Canada—
e: " "
6%
1st preferred (quar.)
$$1.50
6% non-cum. partic. preferred (quar.)**.
$750 "
Preston East Dome Mines, Ltd
;
$iyac
Public Service Co. of Colorado, com. .(quar.)* .
4iy»c
"7% preferred (monthly)**
" SdVat %
/, 6%
preferred (monthly)
—
50c
5% preferred (monthly)*.———.———
41%c
Public Service Co, of New Jersey—
6% preferred (monthly)/.*-/—*///——*60c .
6%
preferred (monthly)*——;/—*—«
" 60c
Puget Sound Power A Light—
$5 prior preferred (quar.)*
$1.25 .
Purex Corporation, Ltd.*—
/**—*.''
15c '
Purity, Flour Mills, Ltd, com; .(initial s-a)—
$25c
/"Cum. redeemable preferred (quar.)—
$62 Vic
Quaker Oats Co., 8% preferred (quar.)/—/
'$1.50 > '
Quebec Power Co.- (quar.)
$25c; ;
Radio Corp. of^ America, com. (year-endl//* <
.
■ 200 Railroad Employees Corp. com. (irreg.)*/_*
.
25o ...

1-15 ,12-31
• "■ -

1-15

12-20:

■

4- 1

Low priced bond series-——_—*--"—***—
Speculative series
—
.
13c
Low priced common stock series
——
"
2c
National Steel Car Corp., Ltd. (quar.)*——
$37y2c
National Tea Co., 41/4,& pfd. (quar.)
53V8C
Neon Products
of Western Canada, Ltd.—v
1

1-15

12-30
2-7
1- 3
2-28 " 2* l"
2-15 :
2-25 / 1-16 .
12-31 /
<1-29 ' 112-20/
12-31 ;
1-20 i 12-31
■""Clasf;^r.(irreg.).///5/*/*—,—******/.,"25oi" , 1-20 (12-21
"
80o preferred (quar,> —*.***——*——*
20C ' 1-20 12-31'*
- 5
Railway Equipment A Realty, com. (quar.) :
" 25C v> r i-25
12-31
2-15
t6%11st, preferred; (quar.) /***/*///*l**,/- t . il.SO.1- '?: 1-85 'it 12-31"
5-15
Reed iv. A,);Ctf"$3:Class A; (quar.)//**/*/:
50c : 2-T ";"I-20^
8:15
Class ;B**—
—^*_**—**_...
25o ,2-l.;i-20
1-20
Reading Company, common (quar,)/**'—** ' ;
25c ' < 2-13;
1-16'
12-31
Red 'Top- Brewing .Co.' Clas$
^';*'T2Vicr;;"T-13",";.2"72/,'
12-31
vClass;1 F:/"i-;*ii/l//*/-*/**—*/*"***//i///*"":12~ "8
12-311?
'Reliance Electric A Engineering— - ; • ;. J",
.
Irl5
$2:10 ;convertible 'preferred " (quar.)52Vic .
2-1 ' ' T-n,*
#; 1-20.
Reo Motors, Inc. (extra)****—**/-—'-—//- "
$0c * 1-15v 12-12'v
1-20*""
Reporter;"Publications (initial)"?.*/****—: IQc;t-15 •" 1--8 /■
Republic Petroleum- Co. com.*^***-**i**//s.s.~ ~ 12 Vie • - 3-20
- 3-10
1-10
1-20 ":"'-5VSi %■ - preferred" 'A.;• iquar.)***■*«.*——/***; •';• ?■ 68%c>/.2-15"--7''5h
:;vRevere Copper A Brass 5'/»% pfd. (quar,)*" $1.3lVi
2- l " -1-10 *
12-10*

$1.50

(quar.)***-*--**—**,'

$5 preferred (quar.)
Edison 3.60%

1-8

8c
10c

preferred

•

81

1-25
12-31
2- l -" -1-10 /
.
2-1
1*10 >
1*20 "
8
$1.25 * 2-i 1
1-20
s v 37%c: ■ > 1-15
2";
4% preferred (quar.)
—
; $1
2-1
1-15
$3.60 preferred
(quar.)
90C
2-1
1-15" .
Pick. (Albert) Co.,. Inc., common—
20c .
1-16
12-81
5%:preferred (s-a)—.*————***—
$2.50
1-16
12-31"
Piedmont A Northern Ry.. (extra)
$1.50.
1-20
1-0"
Pig'n Whistle Corp. com.
**———*'
20c
2- X" >• l-16f :
; $2* conv: prior pfd. (quar.)
. 50c
2- 1
1-16
Special preferred (quar.)
——30c
2-1
1-16
Pillsbury Mills, Inc., $4 preferred (quar.)
" $1
1-15
1- 2
Piper Aircraft Corp., 4'/2% .preferred (quar.)
liy<c
1-15
12-31
Piomb Tool Co. '**—**
*—*
——
37y2c ; 1*15
12-31"

12-31,
12-31
1-13
3-15 '

r

3-15 "
2- 5/
1-15
1--2•/ ;

2-15

$$1.50
$1.06y^

Potomac

12-16
12-26
1-11

2-1
2-1
1-13
1-13
2- 1 •
4^; 1 ;

60c

Bond series

/

1-11

3iy4c

.

National Securities A Research

1- 7

1-20

-

(special)'

6%. prior

12-31.

1-31

Kingan & Company, 4% preferred (quar.)_.
Knudsen Creamery, 60c"pfd. (quar.)—

:"t>

$1

Corp.—

2-1

: $1.12</a

—,_*>———*—

National Pumps

f;

.

£ Series "S4"

•

2-15

30c

Extras.
—
^
cbnvertiblfe preferred- (qqar.) —
6% pfd. (quar.i——
Keystone Custodian Funds, series B-3——

r

2- 9

$1.25

——

(quar.)__

$1.25

7%

4(4% preferred (quar.) *-———_—*—*_—
National Manufacturers A Stores Corp.—

12-18

•

15c

Kentucky Utilities,

■

1-2

35c

/ '

pfd.

non-rum.

Kayser (Julius) & Co. (extra) ———
;
Keliogg Switchboard & Supply Co., com.__„

'r

,

2-15

75c

$3; preferred B_-u._i_i—_——

Kansas City

5%

1-16

1-15

'

«t;>

;

City Power A Light—

■Kansas

■

1

1-15.

$1.50

Joplin Water Works,' 6% pfd. (quar.)-1*—tnc
Journal PubL Co. of Ottawa,: Ltd. (quar.)— ;
W*
5c
K.
W.
Butery (quar.)
i;
>»:

1-31

1-31

29%c

—*———

25c
25c
National Iron Works—'—
3c
: -Extra
*
*J_——
3c '
National Lead Co., 6% preferred B (quar.) $1.50
National Linen Service Corp., com. (quar.)— ;*
10c ."

1-11

2-1

2-

$1

,

(quar.
Extra————————*——/-

1-18

87y2c

2- 1
2-1
30c
1-15
i $5o :; 1-15 f
15c
2- 1
80C
2-1
7V2c .2-1

.(Del.)—~

preferred (qiiar.)

4%%

1-15*

18c
30c

•

:

National Distillers Products

i-io"

$1.06 y»
':,v:'$4':

8c-

37yac ^ 1-15
56y»c
2-1
-: 20c / 2-1
70c
2-1

*

—

National Container Corp.
r

8- 1
6-1
9- 1

A Milling Co.—•

1-15

,.3-1-

$1-25

.

25c
2- 1
10c 1; 1-15

.

Battery- Co. -(quar.)****—*-***—*

2:25

2-1

15c
V

$1.75

National City Bank (N,-Yr) **-*—**—*—
National Company (year-end)**_
—*

1-15;

1-31

$1.75
$1.75

—_*—-jlj—.—•

National Biscuit Co., common.
——*—*
National Bond A« Share Corp*-(quar.)-—**National Chemical A Mfg. - Co, (quar.)

1-21

—
——

*—

1-20

1-26

:';'$i;58/^/;l:15v'

(quar.)_i__—_*J—

National

12c

Light—
5
4% preferred (quar.)—i
Jewel Tea Co., 4Vt % preferred (quar.)
^John&-Manville Corp., 3J/a% pfd. (quar.)
Johnson A Johnson, 8% preferred (s-a)——

Extra—

.

3- 3

.
.

A-Telegraph—

National Alfalfa Dehydrating
Common (initial)
_*

a

62V2c

Jersey Central Power &

45c

2-1

;62y2c

12-26

$75o«

(year-end—
(F. Li) Co., 5% preferred (quar.)—«
Mutual,, Inc.

(increased)

■ -**—*****-———.

12-16

$35c

.

Jacobs

'i

2

1- 2*

1-15

50C

,

1-

(quar.)

Mutual System, Ino.i qommop -(resumed) -•-6%
preferred (quar.)************_*—-—•*
Narragansett Electric, 4y2% pfd. (quar:-)_*
Natlian Straus-Duf>arquet * (quar'.)*-.:—-—-*

12-12

$1.25

(accum.)—*
International Railways of Central America—
5%
preferred (accum.)———L—i
Interstate- Department
Stores
j
Investment, Foundation, common (interim) _
9%: convertible, preferred 1 (quar.) ——1,*'
Investors

12-31

1-15

2-1

lc

*—

*—

8%: preferred

Mutual Investment Fund

p

vl\ 7%, preferred (quar.)
————.
preferred ($5 par) (quar.
5%

:

$1
t$L75

:

1-31
"

4-1
2-15
2- 1
2-1

Plymouth Cordage. Co. (quar.)
*
*
Employees stock **———*——*
Portland Gas Light com. (year-end)**

12-16

1-15
1-15

12-31""

*

1-13
1- 2
5-10

-1-15

66^0

preferred series A-(quar.)*———*
Diablo Oil - Mining & Development—

,;:^Quarteriy_-*^***i*' ;•••
Mullins Manufacturing Corp.—
>
>$7- preferred
(quarJ
*-*i-.
$7 preferred^ (quar.) *_*—_**_**_—*—_**
/£^$7*preferred; (qtfar.) J*—_!.****-—■******—■
Munising Paper Co., 5% 1st pf<L (quar.)*..

12-31*

1-15

$20c*

preferred

Paints.

:•

1-15

.

com.

•'"f" 7%

International

3-10

(quar.) _________**
(increased quar.)—*—

Mountain'States Telephope

lrl5
5- 1.

50c

(year-end)

Powders, Xtd.,

i,

*

-l- 2*
1-14..

1-15

'

1- 2 '

2- 1
1-15
6- 2

Plan Corp; of America—

Quarterly

$1.25

International Harvester Co.", common

International
International

2-

(quar.)

Mountain 'States Power Co.r com.
:

,

imci

(quar.)—
(quar.)
Milling Co., 4% pfd.. (quar.) —
Nickel Co. of Canada^ Ltd.—*

participating

1-2

15c

Industrial; Silica, $'A % pfd. '(accum.)*—*'
Insurance'Co. of North America (s-a) ——
.

1-

1-15

10c

Industrial Brownholst; Corp.*—'__*—*/*_**

Extra., "—/*;**»***>****///:
Intercontinental Rubber Co.

8

2- I.

35c

'

$2.'25

Mount

;;; 1-11-

%

18c

**/*<'

com.

.

12-31
"

$1.62Va
50c
$1
$48c
62y»c

Telegraph. Co.

Montreal

12-30

"2-1

Morris

Light; com. (increased)

international-Bronze

$6

Extra—*—————

:

(initial) /./—

Terminal RR.

Co.,

Montgomery Ward A Co.,

'„/ Dividend arrears certificates—

Illinois

Power

Montana

12-20

$20c

Illinois Power Co., 5% preferred (quar.) —

Indianapolis .Power A

preferred

1-31

r

12-20

1-15

;;^$L75

1%

2-13

$20c

1-20

t$6

*.

preferred (quar.)..
class A (quar.).-.-,
Monsanto Chemical, $3.25 pfd. A (s-a)

1-14

$1.50
—

"^Instalment of. $1.50 for each $20
"l"t"- Pai<l arrears ■.***—

20c

._**_*

Monroe Loan Society,

*_,

—■:

,—•*.**.—*_'**—.—

,

T-15
•

12-31
1-10"

12-31

—

1-15
12-20

(quar.)*-^^**^^*.*-'**.-^

t 1-14

1-27

"

20c

Year-end

6% 1st pfd. (accum.)
Monongahela Valley Water Co.—

Moir's Ltd.,

1-15

1

2- 1
1-20

1-14

$1.50
10c

'

'

„

.

.

$1

12-31*

1-15

40C

933/4C

1-15

1-15

25c

—_*_—.,—_—

v

Milliron's

;__*

Mississippi Power A Light—
$6 1st preferred (quar.)
Mohawk Liqueur Corp;
*

10c

/—

Hummel-Ross Fibre Corp.—

12-27"
12-20

2-1

(s-a) _i

5 % preferred

(D. J.),

1-15

;

1-15
1-15
1-15

25c
$1
15c
15c
25c

—

Miller

12-27

1-20

25c

Corp., common (quar.)*
preferred (quar.).
~——.
Houston juigOb <v Power, $4.preferred (quar.)
Moving Corporation (initial) —

$1. prior preferred **—....—*
Piping & Supply (year-end)
Manufacturing, class A (quar.)

Midwest

1-15

r

1-15

25c

-

1

2

1-

.

12-30
1-15
1-25 '
12-20
12-31
1- 4
1- 7
1-3
12-23

1-20
2-1
2- 1
1-15

$1.37ya

50c
25c

1-2

$1
'. $25c
20c
10c

(extra)*******

Company, common

-

*

t75c

25c
1-31
1-15
50c
1-31
1-15'
$1.75 v- 2-15 ' " 1-31

Mercury Mills, Ltd, (quar.)
Meyercord - Company (irreg.i —**i_**i;i.—
Mfeh'fwftn /Bumper Corp. (resumed) ******
Mid-Continent
Petroleum com.
(special) __

1-31

1-15

.

**__

1-25;

;

75c
$$l

2-1
2-1
1-20

$3

•

pfd. (quar.)***—

Merck

65c

12-31
12-31
12-31 '
.1-15
12-31

^(quar.)*.***

Mercantile Stores Co., 7%
A

1-15
1-15

$1

1-25

2-15

30c

*

i._*_*—.**„**;

Extra

8

4:

#

(quar.) ——*—:

Extra "—.,/.*/*/****-__

12-

1-25

,; 8%%

;,v

McLellan: Stores

1-8

•.

1-31

1-21

—

Holly Development Co.
Holly Sugar Corp.
Household Finance

1-31

2-15|

2-15

.*

Corp..

Radio

Hoffman

(quar.)

1-15
12-21 1

62%c '

River RR.

Peoples Gas Light A Coke tauar.)*———
Pere Marquette Railway— 5% prior preference (accum.)**—*_—***
Pep Boys (Manny.-Moe A Jack) (Initial)
Philadelphia Company, common (irregular)*
Philadelphia Electric 4.4% pfd, (quar.)—
; 3.8%
preferred '(initial) ***—*
*
Philadelphia A Reading Coal A Iron—-*—
Philip-Jones new 5% pfd. (initial)**——
Philip Morris A Co.,. Ltd., common (quar.) *,

12-31

1-13"

-

Companies, 4% preferred (quar.)*
<
$1
A C0._—40c

Telephone Co., com. (quar.)
"$1> preferred (quarO**//****
Ltd., common (quar.)__
.6% preferred (quar.)*—
/—*/-._
Pennsylvania Power Co. $4.25 pfd. (qua*.)*

*

(quar.)

preferred

$4

1-8

2-15

—

——

1-31

1-17

15c
75c

Pennraan's

1- 4

1-16
/"l-25~

Davis

Hudson

12-31

' •

11

$1.50

Peninsular

12-20
12-20

50c
10c

Parke,

Paterson A

Power: A

McKesson A Robbins, Inc.—

6-10

-

-

1-31

1-31

—

(quar.)

Lumber

12-31

1-15
6-27

12V2C

Higbee Co., common (quar.)

U

1-6

:

$1
$1
,

1-15
1-15

—_

Light 'Associates—
.' $2 • preferred
(accum.)**
***_*****___.*
Massachusetts Utility Associates—
/ 5% partic. pfd.1 (quar.) *-—*_***
Massawippi Valley RR, Cor (s-a)——*
McCall Corporation
(quar») ******
McCoIi-Frontenac Oil, 4% pfd, (quar.),.——

:

150

Extra - "/**/****/—_

$20c
$17%tc

Paraffin©

1-15

$1.25

$5

Pacific Telephone

12-31
1- 4

Products: *******—*******

Screw

Massachusetts

i

•

<y*' 5%

1-20

75C

MasCo

1-16

•

2-1

..

.

-

1-15

2-1

Lighting, common (quar.) __/*/*_**
preferred (quar.)
./
A Telegraph-—
$6 preferred (quar.).
******
;***
Penn Traffic Co
Panama Coca-Cola Bottling
(year-end)**—
:

2- 1;';T-15';'
-I
/ 'f :#

• ;

$1.12 ya
1-15 "1- 1 ;
. >■ 50c / -1-15 :. 12-30*
75c ;
2-15
1-2Q

Pacific

1-15
12-31^
12-31
-1- 2
12-27
12-27
2-14

1-15
1-15
1-15
1-15

*—1

Machine (quar.) *-_**
.Telephone A Telegraph, Ltd.—
Common
(quar.)
**_.__.
7%:preferred (quar.)
*
Marshall Field A Co., common (quar.)

12-31

$2.50

Harrisburg;Gas Co.,
Hart

1-15
2- 1
1-15
1-15
2-28

.

■

$1.23

;

(quar.)

Inc.—* •;;; •
convertible preferred (quar.)
_**
Pacific Gas A Electric (quar.)**——*__**-_ •

-

50c
8c
4c
37J/aC

(quar.)

C.)

46c

Coast- Aggregates,

4 ya%

Maritime

12-31

1-15

/_:
/**„w
pfd. (year-end)*

Co. $2.40 conv.

Brothers

1-15

-

Gulf Mobile A Ohio RR. $5

Halle

$$1.50

i

1-15

-

*

Marchant- Calculating

$$2.50

;

—

(accum.)

preferred

7%

■

.*

Realty Co." of Canada-r-

Guardian

(R.

Extra

;

1

2-

2oc

$1.15

(year-end) '*

pfd.. A- (quar.)**

Co. $2 Class A pfd.
Manhattan Bond Fund, Inc.—

Mahon

12-16
2-12

2-1

$1.06y»

$1.50
$1.06"/4
Mading Drug Stores Co., common*—**i»*
20c
550
preferred r(quar.)
»*_i*
'
13%c
Madison-Square Garden.*.**.***
*__._—*
20c

1-15

34%c

Y.) (quar,)*

(N.

Co.

-

5c

i.***

(quar!)

preferred

6%

:

Macy. (R. H.) A Co., 4 V*%

2- 5

.

2-15
1-15

preferred

.5%

Pacific

1-15 " 12-31r
1-15 ; 12-31;
2- 1 -,

$12yac

i-*__—

u

12-14

2-15

Griesedieok-Western Brewery—.; V

$1.25
3iy»c
37lAc

MacAndrews A " Forbes Co., com.-

1-24

$1.75

—

(quar.)-L.-**-**:

(Walter M.) Co.
Luscombe-Airplane Corp.

1-17,

1- 2 :
12-31

1-25

1

1-15

2- 1

.

1-15

$2
37yac

Lowney

:..:"2-'3-'

1-15

lc

*—*.

($100 par)

preferred

.

'
1:15 ■ "12-31

•

90c '
50c

.

1-15
3- 1
50c
1-15
75q- ' • 1-15
15c
-1-21
$2 * 2- 1
75o
20c

Lowenstein

1-15

1-31
2-24

1

'

" '

- ; 1-20: ' 12-31 £
l.feO ' /1-2Q' ; 12-31 .

$1.75
-

4* 1; 1 3-21
37y2c y 2-28 * ; 2-13 "
-20c
1-15
12-31)/;
50c : 2-15 ;' 2- T" '
#4%% preferred- (quar.)*****—*•=.-****—*
59%c
2-15 * 2-1/
2-24 : . Okonite
Company (quar.)/
'$1
2- 1 "1-15
- 2-24
Oliver Corporation, 4ya% oonv. pfd. (quar.);
$1.12ya - 1-31
1-15
»1«
Ontario Beauty Supply Co., Ltd.—
•
' *
' 1
12-13
Participating convertible preferred (quar,) /
$25q ;; ; 4- 2 . 3-20
2- 7Z;.
Oppenheim Collins A: Co. (quar.) **—_/*—
50c
1-15 * 12-30 '
; 12-28
Otis Elevatop Co.' (irreg.)
j***^ .
25c-1-29 /T- 3'" .
12^28 Oxford Paper eo., $5 preferred (accum.)*/*
'' •''$!' v;:' 1-1$ '*) 11- -6
.Pacific Finance Corp.,' (Calif.)—

3-10
3-10

$1
50c1

-

'
"

-

-

'•

$6.50

,

common***

(Ky.),

1-15

-1-311

$1
50c

Electric

&

Gas

1-15

r

^

(year-end)*^

1

500. <

.

(accum.)

Northern Pacific Ry.

1-15*;

,

.' Share

;

Northern States Power (Del.)—
- • * *
1- 2 :
;•
-7% /preferred (accum.)__•
*•***_->*-**--*
1-15- . 1- 3
.****/«*
5
1-15 .
1- 2- rh '6% preferred (accum. )_•_*■_
.1-25/. ^1-18/ : : Northern (States Power (Minn.)—
$3.60 preferred- (quar.)*-*
!***_-*-*_.5
2-1 : - 1-15 I •
2-1 . 1^21 , ■ Northwest Engineering
4-i"l; /; 2-15 ; ; Northwestern States Portland Cement—
•Quarterly.':/*/***-***-/'***;*
____******* •••
3-.1 ; r2»;l<. Norwalk Tire A Rubber Co. (year-end) *****
<
3i>.1 ; 2-1.
Oklahoma Gas A -Electric 4% preferred**—
1-15
12-31
Oklahoma Natural Gas Co. new com, (initial) -'

..

5%;preferred ($25 par), (quar.)*,—.—«
(M.) & Son com. (quar.)***
*

;

;;;

1- 2

2-1;'

35c

•?:

6

preferred

.

(quar.)
(initial)
Luzerne County Gas A Electric—
4 ya%
preferred
(quar.)—

1-15

$2

*_•_*

5%

,

1-15'v ;V: 1-2"'
12-26
1-15

25c

jr

(quar.)

Great

LouisvlUe

2

50c

:

com.--——

preferred

•

33y3%

& Cold Storage
Cold Storage
(year-end)—■*,*
*_».

Co.

Union

•7%

1-25

Warehouse &

Grand Trunk
Grand

15c

1-16

Warehouse

Terminal

Grand

5-27

x

$1.12 Vi

—

_"*/——

(year-end) ———
(quar.)

vo,

12-31 i

1-15

:

Hosiery Co., Inc.

Gotbam

1- 2

1-15

.1-31

(initial quar.)

———

preferred (quar.)—
I
Gladding McBean A Co. (resumed)
Golden State Co., common (quar.)

1- 6 "

I $1.25

(quar;)*

-$4.50

;

12-31

6%

Little

;

50c

<

Gimbel Brothers Inc. new com.

t-'::

2«.

1-16 '/

Brothers,

Original capital Special guaranteed (quar*)
Schuylkill Navigation RR. A Coal Co.; Semi-annually
'i.******_***j****
Loblaw Croceterias, Inc. (quar.) *
Locomotive Firebox Co. (year-end)-^**-*—
Lopghorn' Portland Cement (year-end)***--.-;^
Longines-Wittnauer Watchr common-(quar.)
Lord A Taylor, 8% 2nd pld.-(quar.)
Los Angeles Investment (quar.)

12-31

2-1

5-30

.

***C—--**-**_***i.w_>

12-27:

12-21

;;

*

Gillette Safety Razor Co.-* common
$5 preferred (quar.)

.Extra

12-27'

-

1-15;

,,.25c

(resumed)-.

Co.

;

1-15.:

.

(S. A.), preferred (s-a)

.

1

2-

"

>

Refrigerator

2-18^

>

2-15

$1.37^1

Gibson

:

2- 1
.1-22.

,

37yac
37V2C
7c; . :
96^c ' v
;12yac
$2.50. ,
~ 50c
.

Corp., prior pfd. (quar.) _**:
Lerner Stores, Corp.
(increased)-**;
**<.*»'
Le Roi Company, common^***-.******;
Less; (J.) A Sons,;3.85% pfd. (initial-quar.) Liberty Loan Corp, 30c pid. iquar.)^*^***** Linen Service Corp.; of Texas,. $5 pfd. r(s-a)Link-Belt i Oor
(quar.)
*
;
.

1-10*

1

2-

•

50c
10c

.

Letcourt Realty

2-

.

(quar.)_—*L„__*

Leece-Neviile Co. I__*_«

933/4C

tquar.)
,—./**
25c
General Outdoor Advertising Co., common¬
$1.50
er preferred (quar.)-.—**-*,
General Products Mfg, porp., Ltd.—>
"„t50c.
,»Clas A (initial)--***/*-*/*//****.*/**_.—;.,
*50C
." Clas3 B (initial) ******_.,.**.^,**
.***_*»■
"■"■5% preferred (s-a)
./*
-/-" ;$$3.50
General Public Service Co.-r*.
$4' convertible preferred (quar.)—***—*
#$5.50 preferred (quar.)**
.;
.*/,$1.50
$6 preferred (quar.) *—.
.**,****.
■
\ $1
General Tire:A; Rubber Cov (extra).—
$1.75
Georgia RR. & Banking Co. (quar.)
*_
10c
Gerity-Michigan Die Casting (initial)—
Gerrard

.

37'/2C

Motors,

preferred

$5

1- .2 -.,

5-10 J

*

; $1.25

In<"/_*_//*.-*-**---*~.-*-.--*3.75 pfd., (Initial quar.) **;

General

1-15

Name.of Cdmpany '

.

; Holden
Payable oi «ec»- :

Per • ■' When

.fi./■■j.v-t,:!. /""My/:':;
r

Companyshort jPayable 0/ Rec.i .f

Lee Tire A Rubber Corp.

12-20

1-25

.5c'

25C'?:',

'

General Finance Corp.

Name of

Payable of Rec.y

Holden

When

Per

Holder 1

When

Per

Share

-

Name of

13, 1947

Monday, January

THE^COMMERQIAIi $ "FnJA&CJA^

252

Extra '
.

Mtoes, '.Ltd,;-

1-17*

"3-1"/ 12-14

/•' 2-;T"- 1-10 c
1-15 / 12-31'"/'1-15 s" 1- 5

\Sf-2-25J"": 1-16 ""/2- 1
1- 2 -

f" '.2--1 ',1-10"
r'"." $20c ;'./ 2- 1
1-10.

(ye'ar-epd)i."^/"*^*^**./^""^2dc/;V;^i:28"iT2;28/

Silverwood Dairies, Ltd;* ,40c 'partic*.
Pattern 5Vs % cpnv, pfd,-

./ Simplicity

1- 2 -

l~ 2
1- 6 -

of Canada,' Ltd-.^/""/:;""/",
(increased quar.)
:*/>
; 420c

Sherwin-Williams Co.,
Common

1-6

-

pfcUl'mj,^.v.W'$20Q *, »;,4V 1
(quar.) ,>

■ /-/n/i 12-31

Volume 165

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4559

253

-4.

;■

i>

Name of Company
Oil

Slater

(A.

'•

v

—.

Ltd. (quar.)__
Corp._____
Smith (Howard) Paper Mills, Ltd.-—
Common
(quar.) -___
:
V
4%
preferred (quar.)_

-

& Co.,

,

i

Manufacturing Corp,-*-*

55c

_

South

Rico

Porto

Southern

..

California

''37VaO--'

0 16%

Power-—'

Southern

"

—

Colorado

-

Co

4.8%

preferred

W

1

:,-v

preferred

1-14 (

Standard
'

Dredging Corp.—
convertible preferred

$1.60

40c

tPayable in U.

Works

V ,1-31'

Phosphate

1

756 V^c

2—1

93%c

(quar.)

1-15

S.

&

«

Steel

.50C

^

Co.

of Canada, Ltd., com. (quar.)
preferred (quar.)
Stetson (John B.) Co., common (year-end)
'■*<8%
preferred (s-a)
Stevens (J. P.) & Company—

•8%

prior

'

1-15
1-15

37&0*

Mfg. Co. (quar.)___
Traders Building Assn. Ltd.

3-20

2-15

2-5

1-15

1-

■

Extras

United
*

1-15

50c

:

1~

2-1

company

11 1/lOC
11 l/10c

2-

1

1-10

>

1-15

1-30

11-19

Earnings

..

..

»ii

I..I«.

The

V (> '

3-20

1-10,

2- 8

1-15

on 2,000,804

3-1
2-1

53c

3-1

50c

2-

50c

3- 1

U.

S. Rubber
8%

U.

(initial

period End, Oct. 31—

$

'

(accum.)

^ ^

7

^

and income

$8.99

*

Net

V.

Total revs; and. 4nc.^«

1* 2

39,394,636

expenses

taxes

Int. and disc,

2* 1

1946

*'1945

.

;

1,702,08G

—

on

*$545,360
$2.66

2-1

1-15*

2-

1-15*

1

•Rail

1946^10 Mos.~**t$45
^ r.'tr s "
<|» ^ r .3l'

1

*'

•Payments
p.,3296.

to

.

,1-15

12-28

1-15

16,246,537

62y2c

net

and

rail

1,103,184

for

1*15

1-25
1-15

1-10?

.

1-

,

2

1

1-16

1-31

1-15

2-

1-17

2-1

$2

4->,.i-

3-20

7-1

6-20

60o

..

-i—-——4—:

Virginian Railway, 6% preferred (quar.)—

2-

1-21
1-15

1-10

50c

.

.

—

5c
t9c
50c

•

1-15

1-10

1

3-15

assets

are

Federal

37y2c

6 %

preferred

preferred

(quar.

——u—

25-

1

8-

1

1-15

1

3V/aO

:37yao

(quar.).--4—«4—.

,6 %

1

4-15

;

.';,7-15':

1-15
2-15

'

13V4C

iir'-':Monthly—i

3-15
1-15

,

5

viM 4

2-15

2-

5

3-

3-15

.•

2-

3- 5-

.

5,802

128,984

.

»

<

83,634

13,364,723

85,803,020 136,675,650

,

1-20

1-10,.

Warner

1-15

-;;.":1- 2'

class

$1.35
Class

A

30c

*

(quar.)

,

-

•

■

■"/ 333/4C

—

2-

1

1-15

62V2c

2-1

1-15

37yaC

2- 1

1-15

$2.50

; 6- 2

5-15

(quar.)
v $1.25
5% preferred (quar.)____4>_V_'„>._„_
i
$1.25
Weatherhead Co. $5 pfd. (quar.)
"$1.25
Webster Tobacco Co.
(stock dlvidend)"-,___ ': K 10%
Wellman, Engineering Co. (year-end)
',
•
,15c
West Penn Electric, 7% pfd. (quar.)^.
i $1.75

:. 3-1

;

(quar.)„.

Gas

Washington. Railway &
\ 5% preferred (s-a)

x.;5%

S_ 6%
West

'

4-

Lights--——

i

Electric—
>

preferred

preferred
Penn

(quar.

Power

Western Breweries,

Co.

:
4»/2%

Ltd.

iluT-*

pfd. (quar.)—
(quar.)„__




$150
"$1.12%
v
120o

$218,388

$630,219

1944

$694,691

4X

'

? >„fL

1945

1-f.•

1943

$469,992

$84,506

lk

3080.

p.

sales——.—
income

before

for

Subs.)—Earnin^-^"* 7* '^

MONTHS ENDED SEPT.-30,

taxes—

income

v.:

'•

;

-■

taxes—

v; •

5

1946

$13,027,736
1,634,788

—

-655,606

•

1

'-'•$979,183

1,137,149 shares of

on

sto-4c___

common

for

Refund of State - franchise

$0.86

<

taxes, cf prior -years.—V. 16$,

Net

*

1946

1945

1944

$1,960,027
'745,000

$3 055.999

$4,181,61$

2.200,000

3,300,000

—-

$1,215,027

$855,999

$881,616

shares——__—*

483,316

222.855

222,855

$2.41"

$3.66

,$3.7$

profit
common

Earned per common share

>

I*-

cf

as

Oct.

$50,

par

based

on

income

Reo Motors,

1946,

showed

on

—V.

per

the

in effect since Oct.

1947, is being
Exchange.
1

.3,

$2.94

terminated

continued
'

company has

effective

by

the
.

at

the

close

Committee

on

of business

Listings

•

of

•

"1945

1944

'

-

.

—...

Federal

plant
in

on

profits taxes,
income.
JAfter

readjustments

which

fAfter

for

reserve

charges to

rmeiot'nt'on

reserve

abnormal

represent

and

of $1,454,973

costs

for

incurred

fdr

to

conversion

peacetime production and resulting from delays
machine tols, equipment and raw materials; also after

of

credits

of

$475,000,

of Sept. 30,

As

renegotiation and prior to provision for Fedenil

excess

taxes

receipt

tax

the: ;

for

reserve

post-war

Jan.

"

1946, the corporation

had

backlog of $77,608,000',

a

of which $29,810,000 was in firm orders for Reoubl>'« R^rhow
transport

ap¬

planes and $47,798,000

was in government orders for J-84 jet
fighter^
XF-12 reconnaissance planes and other military proiects. In add'tion,
the Aircooled Motors Corp., a
subsidiary, had a ba-klog of $7,715,000;
of which $3,810,000 was for business other than with the
parent conq-

i

■

...

*

_________

.

informed the Exchange that it intends to file

'

1946

24.414,650 17" *39 973 210.671,R4l
'•Profit after charges
1,450,257
•6,565,288 *14,943,944
tNet profit
f 1,479,716
fl.313.288
t2,506,721
Eo, of capital shares——.
.982,406
982 408 X
982.40$
Earned per -share...
$0.49
$133
$2.56

1945, by order of the SEC, and which

16,

30-*'

Sales

income and

for an additional listing of its shares in the latter part
January, at which time the question of reinstatement of the issue
to dealings will be considered, according to the announcement.—V. 163,
■

$3.64

Republic Aviation Corp.—Earnings—

.

of

659.

$3.40

$2.41

3943

$1,369,230

.

163, P. 2013.

9 Months Ended Sept.

>

plication

p.

1944

$1,695,168

unrealized. appreciation. ■

Co.—Suspension Terminated—

Commission has

The

1945

$1,651,082

share—

com.

a

Red Bank Oil

has been

k*

1946

$1,160,492

Net profit
Earns

market quotations and are before any allowance

taxes

Inc.—Earnings—

9 Mos. End. Sept. 30—

31, last, of $10,210,593, equal to $2,552.65
bond, $152.28 per 4% cumulative convertible
and $25.57 per common share.
The above

The New York, Curb Exchange announced-btt' Wiig. that ihq- sus* ;
pension of dealings in the $1 par-common stock of this company which

■

*-;'v'■

pany,--.

Red Owl Stores, Inc., Minneapolis, Minn.-—Stocks Of?
fered—As mentioned in our issue of Jan. 6 a syndicate

5-15 f:

6- 2

:i-i5

1-

2/.

PURPOSE—The
be

$1,982,000.

2-15

2-15
■

Of

net
>

proceeds

such

^ approximately $800,000 in

net

to

be

received

by

the

company

will

expects to use
reduction of its bank loans, and expects to
proceeds

the

expend

2-14?

and

; -1-17;
1-17

for
N.

"'1-15'

'12-20 *

of

'1-15

12-31

of

for equipment of its general
office
being constructed at Hopkins,. Mihn.; $300,000
equipment of the warehouses at Green Bay,- Wis., and Fargo,
D.,. which it expects to construct -in the future; and the balance
the
proceeds will be used in 'the modernization
and" expansion

approximately

$500,000

warehouse building

:^ts stores and for?;additional working

•capital,--^-syr:^t)l1rV%'-'-v-:-.;-'.

-

registration

statement

(No.

filed

6778)

covering 100,000
shares
(par $50)
withdrawn Jan. 3.—V. 164, p. 3296,

w't.h

convertible
;

-

,

»

:

the

SEC

preferred

Oct.

stock

9

was

,

Republic Investors Fund, Inc.—Net Assets—
Net assets

.

the
'

p.

}

''■»

of Sept.

as

stock,

common

2449,"

company

'

1-15 '

•

The

Jaffray & HopWood and J. M. Dain &
Co., on Dec. 27 offered to the public 15,000 shares of
4%% cumulative preferred stock, series A (par $100) at
$104 per share and div. and 50,000 shares of common
stock (par $3) at $10.50 per share. Further details follow:

"

3-"l

Registration Statement Withdrawn-

headed by Piper,

2-15

B

Washington

413,350

$195,304

"

1-15

,

1946

^

Number of

164,
■.

-

^

■

5

12-31

$4.50 pfd. (accum.).——$1.50
Vulcan Detinning Co., 7% preferred (quar.) >
$1.75
Corp.,

(year-end)

$631,738

'

348,000

Reliance Mfg. Co. of Illinois—Earnings—

"•

.

Visking Corporation, class A (monthly).
;
- 13yiC
Monthly
;
f-' 13y»c
Monthly; 13Y4C
/: Class B (monthly)-i-.-—• l3y»o
Monthly
—4——
13yi0

$543 304
•

$218,742 '

9 Mos. Ended Sept. 30—
Profit after chargesl

While the net
decrease during the year to $10,210,593 from $11,586,433,
the company points out that approximately $581,283 of -the
decrease
resulted
from
the premium and
expenses' incident to the
retirement of the 6% preferred stock and the issue of the 4% preferred ^
stock.
Also a distribution of $244,710 was made to common stockpolders on. Oct. 28,, 1946, from capital gains realized on sales of
securities.
Capitalization as at Oct. 31, 1946, in the hands of the
public consisted of $4,000,000 of the 3%% bonds,. 40,785 shares of 4%
preferred stock and 163,140 common shares.—V, 164, p. 3149..
assets

1-15
1-10

;-|j 3-

328,976

charges, but before Federal income taxes.: -V. 162,

•Before

-.Quarterly ——————.—4 "
Syndicate, Inc.
Viceroy Mfg. Co., Ltd. (lrreg.)—
V
Vicksburg Bridge Co. (year-end)

6,270

■

provision of $1,000,000 for replacement of "iast In-first ouK'
inventory of the company and three subsidiaries at estimated Sept. 30;
1946,
replacement costs.
Also, net profit includes $101,205. special

1,067,729

carriers—express' privileges.—V.

other

'

shares,

net.assets

12-20

2-1

10c
50c

———15c
l5o

$638,009

27,208

Co.—Earnings—.

Net

13,636,531

107,688

11,222,811

rev-

collateral trust 3>/a%

per

12-27

•

1-15

$1
50c'

$832,433
613,691

26,65$

..

P

-

Railway & Light Securities Co.—Annual Report—

12-27

1-15

.

$770,255

$570,513

v

—V. 163, P. 2013.

1-10

1-20

$1

.

61,712

$611,359

Jj(f

"-After

12-20

1-15

'87VaO
HMjC

(quar.)

28,414

inc.

profit^..:
Earnings per share

,,

1,373,072
,

4,667

.

transport

preferred

-

$894,145

RESULTS FOR THREE

funded

111,193

12-27

shows

——.

$798,670

Federal tax provision

12-27

1-15

————

Company

46,341

Reeves Brothers, Inc« (&

1-15

1-15

$1

$4 convertible preferred (s-a)

"Warren Brothers Co.—

32,152

«

$441,279

profit

36,993,598 353,358,605 368,156,302
22,142,313 250^70,880 216,692,758

26,353,879

w-_-

-debt

»

•

<

4——

Venezuela

Vulcan

$524,171

Quarter End. Sept. 30—

Vertientes-Camdguey Sugar Co. Of Cuba^—

v

3,355,285

$861,992

income

•Net

'"i'v/2'^

k

...The company, in its report for the fiscal year ended Oct; 31,

Universal Leaf Tobacco, common (quar.)—
Universal' Pictures Co.
(quar.)—
'

D 4

19,663,492

4,546,984

———

Reed Roller Bit
;

;V

Express

1-2

1-15

20c

United Transit Co., 5% preferred (quar.)—
Utilities & Specialty Corp.

'.'Class

26,062,314

5,280,244

165, p. 112.

—

36,524,247 348,249,771 364,104,254
"
469,351
5,108,834
4,052,048

568,673

revs,

Operating

-1

1-15

10%

United

Inc.,. (quar.)—

' " •

Other

25c

——

—

Valspar Corp;.,
Velvet. Freeze,
> Quarterly
-

1

3946—Month—1'945

2*15,

:

25c

•

,

dividend).

quar.)

pfd.

-

Net

Chgs;;foif transpbttatidh: 38,825,963

,

Wallpaper, Inc. 4%

30,345,429

3,119,361

Ltd^Earnings-;^^

C

1-15

S.

United

18,593,935

'

taxes on

Provision

BOc'T^l^l *M"t*15

—$1.75

Smelting Refining & Mining—►
Common (resumed)
:
-1% preferred -(quar.) v —^
United StockyardSj 70c conv. pfd. (quar.)__

,

•

^

(quar.)..

-~r

rr
*

160, p. 2188.

Other* deductions

v

declaiming—>'

prior preferred

i

"1"'v

v

Sept. 30-w

2-15

.

1

I •('«

:■

""

.

——Fiscal Years Ended——

12,214

income

for

credit

35o

'4,000
'

Railway Express Agency, Incj. (Incl. Subs.) -^Earnings

$L25>"7-- X

,50c

* *

1,200

STATEMENT

before taxes

inc.

on

taxes

i

-1.

.

5,000

$786,455

charges

Net

1*15

25c

common

26 Wks. End.

6,000

1,500

INCOME

" I—

10,000?

1,800

1946

•

_ii.V
———

12.500

'

3,000

:

__

totaled $8,572,000. For all of 1945, it re¬
net income of $3,558,336 or $1.76 a share.—V, 164, p. 3296.

a

•Net income.—V.

1-15

-

12.500

3,750
'

St

•

^et/loss^^^4---.44^4i4i^-.-i—-^4,^ i' $130,772
E»tns.,c per sh. - on 137,500 common slis, routstdg>;> ~
—

2-15

53c

,

3,750

Company

1

Net

58 %c

I ,i * SI t'S). r

;-i:;T»
Common
t

-

Preferred

$22,499,752 $36,487,666 $31,133,671 $23,630,137

■4

2- 1

Extra

New

&

w*

.

number.

:

outstand.

common shares

Railway Equipment & Realty 4gon<

12-19

58yac

JJ. S. Industrial Chemical Co. (quar,)-.--—

'

Dain

Cost of goods sold, ihci.
warehousing exps.
Oper. exps., incl. selling,
general' and admin.--*

net profit of $11,989,662 or $6.02 each on
outstanding for the six months ended on

a

shares

when

9 Months Ended

1-15

1-15

50c

25c

United States Plywood-—

Net

•After

V

12-31

2-.t

87%c.

common

1946,

12-31

i

—

follows:

as

•

the

"

—$31,510,537

showed

company

30,

ported
/m'Tv'

1- 2'

1-15

1-15;...

•

10c

4

Extra

v

are

;;

underwriters and

retail

13,159,000

per share

June

12-31

4-1

25C

4.—4.

(stock

M.

,

i..4™4—JJ&L $18,351,531

1,952,004

1-15

25c

carry

the agency operator

_.

before taxes

Net income-

: ■

12-28

2$1 ;?

;___

nine

in

and

cash

a

\

,

of the
/

Woodard-Elwood

Prov.

1-25

,

communities

on

corpdr"

company

1-31

1

62 %c

;

being*

were

the

Sept. 2, '46
Mar. 4, '46 Feb. 26, '45 Feb. 28, '44
sales—_____ $16,456,972 $27,247,352 $23,268,494 $17,416,293
Wholesales sales_„_v 6,042,780
:< 9,240,313
7,865.176
6,213,843

Net

1-31

2-15

62 %c dsr 2-

(quar.).

V, S. Air-conditioning: Oof p.—
7%
preferred A
(quar.)_
U. S. Fidelity & Guaranty (Bait.)

purchased

shares preferred

10,000

Provision for taxes

«

common

various

entirely

The Milwaukee. Company
Kebbon, McCormick & Co
Kalman & Company, Inc.->!

Other

2-15

'

$1.50

(quar.)

Profit-Sharing Corp.—
10% preferred -(accum.-)——-—
United Shoe Corp., (s-a) —

Co.,

and

CONSOLIDATED RESULTS FOR NINE MOS. ENDED SE^T. 30,

jV

.fa—m _

Lines

<.

names

(Including Paco Tankers Inc.)

Net profit

60C

United

S.

'

•

be

Other income

1-10

7$1.15

Extra

to

Net operating profit-

12-20

25c

U.

in

arrangement whereby

CONSOLIDATED

7

1

<

(s-a)

;

$1)

(par

^

•

;=

18, 1946.

J.

1947, totaled 217,967,000 kwh., as compared
180,912,000 kwh. for the corresponding week last year, an increase
of 20.5%.—V. 165, p. 112.
"

1

15c

1940,

a specified part of his food product requirements
and its subsidiaries.
Agency stores totaled 371 oit

company

shares

V„'

„

Electric output of the operating companies served by this corporation

2-

.

4

contract

a

purchase

the

■'

with

2-

$1.50

prior preferred (monthly)
<
prior preferred
(monthly)-;
:
€.36% prior preferred (monthly)..
6.36% prior preferred
(monthly)
'
6% prior preferred (monthly):
j.
-6% prior preferred (monthly)*—,
United Merchants Sc Manufacturers—y>
«ov
i f> %
preferred (quar.)—44.-.'
"Q-'l 5% preferred '(quar.).—
——4-;.'.

•'

stores

almost

Piper, jaffray & Hopwood_„

1-17

7%
i1%

'

>of

for the week ended Jan. 4,

4

: $5o

,

stores

141

':v:

letter of notification with the SEC

a

24,700 shares common stock

$1.75

.

(quar.)

(:

j

to

agrees

from

Corporation and

Jan. 7 filed

on

12-18

light & Railways Co.—

United

>

Public Utility Engineering: & Service Corp.-*-Output—*

1-10;
1- 4

-

1-20

$1.25

Cigar-Whelan Stores Corp.—
convertible preferred (quar.)

$3.50

food

operate

3-20

2-1

►

250

(quar.)

Street Corp.

Share

retail

Publicker Industries, Inc. (& Subs.)-r-Earhings—

United Fruit Co. (quar.)

v

;V

$1.12%

;

California

of

&

assistance- under

funds, less

_

1

Corporation
Co.

1

7%C

Tuckett Tobacco Co., Ltd.—
1
-7 %
preferred (quar.)

Bond

1928,

the name of "Red Owl
Agncy." To tnese stores the com¬
furnishes sales information, advice with respect to store layouts
bookeeping. methods, advertising material and other necessary

pany
•and

■::,■ <

"4' V4

dividend.

(par $10). The common will be offered at $1 per share and the pre*
terred at; $10, 'per share without, underwriting, „PrQceedsr. will, l?e used
for' working capital",:

'1-10

:•

siy«e

(quar.)

4 Towle

Oil

for

2

4-

-

25C

Co., new com. (initial)
preferred
(quar.)
Thermoid Co., $2.50 conv. pfd. (quar.)

Union

2

1-

1

$2.40

Udylite

'yj;--'1

■

this

.

The

4-

—

Tacony-Palmyra Bridge Co.*** v
5%%
preferred (quar.)
Taggart Corp., $2.50 preferred
Teck Hughes Gold Mines (interim)
Texas Power & Light, 7% preferred
$6 preferred (quar.)

United

tax.
for

Public Industries, Inc., New York—Files with SEC—

7

i-io:

1-25

25c

Thatcher Glass Mfg.

4

1.

1-31

50c

Inc., 30c pfd. (quar.)
Sun Oil Company 4%% Class A pfd. (quar.)
Superheater Co. (quar.)
Super Mold Corp. of California (quar.)

208 South La Salle

1-

$1

Sun-Kraft,

'

in

Ih
1937, the company commenced ooeration of a. merchandising'
plan whereby independent grocers are licensed to operate retail grocery

7-21

;l

1-^ 7

1

2-

50c

—44

preferred

preferred

$1.25

12- 3

(Continued from page 216)

'

quar.)

(quar.)«
Struthers Wells Corporation—
>

7-31
1-15

218

which

4V.'1".:'7'y;f

1-10

if'

775C

____

_

(initial

37%c

Investment News

1-10

2- 1

775C
•

_

Common

closed

General

3- 1

3-10

k-2*. i -

$150
410O

"

7%

Stix Baer & Fuller
(extra)
Stokely-Van Camp, common

and,

18,

UNDERWRITERS—The

1-15

2-

60c

class A' (quar.)

(quar.)

thereafter

In that year the assets and business of the Minnesota
were
sold to the company.
As of Nov.

operating
states, all of

Nov.

Acid

(quar.)
B

name,

were^opened

Ibasis.

15% Canadian non-residents' tax. funds, tax deductible'at the source.
Non¬
resident tax 7%. • a Less British income tax. / / -r t v

'

Class

income

not

12-31

3-

.

preferred A (guar.)
Standard Steel Spring, 4% conv. pfd. (quar.)

Stanley Brock, Ltd.»

4-19

15c

outgrowth of a single reta'1 store established
in 1922, by the company's predecessor under
organized
as
a
Minnesota
corporation-.
Additional*
an

Minn.,

;?,;\vas

Canadian

in

2-17
1-15

3% %

Wholesale

Jamaica
books

^Payable

3-1

similar

ration

1-21

(quar.l
—i

of*

{

• •

operated.

1-20

4-30

:

is

company

Rochester,

a

'

(quar.)

Standard Fuel, Ltd., 4%% preferred
Standard Oil Co. (Ohio)—

Standard

The

^
1-31

*

•

87y2C

stock, series A;

.

2

37'/2C

,

preferred

390,620 shs.

conv-arsion

upon

similar

'stores

rf4.

1

-

(quar.)

preferred

resident tax 15%;

,

—--.i.

19-11

25c

cumulative

issuance

1928,

in

,

1-15

7 $1.25;

'

30%

•Transfer

1-14

2- 1

40c

.v$l

1-15

1-15
2- 1

for

stores under

Less

x

■

__

1-31

(quar.)

Corporation

1-13

r

350

1-10

1-

(monthly)

15,000

•750,000 shs.

reserved

is engaged in the sale of groceries, fruits, vegetables, meats
food products at
retail and wholesale In the States of
Michigan, Minnesota, Montana, Nebraska, North Dakota, South
Dakota, Wisconsin and Wyoming.
*

Av

:

series A_._»_

shares

">i:«

"r

1,000,000

1

t.Iowa,

12-31

h 1-15

convertible

York

1-15

and

•

$1.50

•

17,

1-15

'

25,000 shs.

(par $3)_..__„_

120,000

Outstanding.
$300,000

?

HISTORY AND BUSINESS—Company incorporated in Delaware, May

•.n

1-15

FINANCING

,;•••

■

$1,000,000

issuable in series

15,000 shares of 4%%

1-21

12-31v

1-15

"

-

convertible

convertible preferred

6%

Company
4~4~*(E. R.) & Sons, $4 preferred (quar.)
Chemical, Ltd.—,,
~r ,r
(quar.)

Company—
preferred

6%

Standard

5%

Cab

6%

1-15

2-

$1.50

>

Spotless

1-20

Yellow

12-31

$1.20

Southern New England Telephone (quar.)
Southwestern Life Insurance (Dallas) —

Squibb

•

the

'> ■'

1-2

1

2-

preferred

(quar.)
Wrigley (Wm.), Jr.,, common

■'■<[[

J,

(quar.)

2-15
1-15

'

12%C

.*•;

12-20

1-15

$$1.50
& 125c
».

__

Power

4V?%

•

Southern Indiana Gas & Electric—

•

12-31

whioh

1-10

1-15

1959__.-_

($100 par)

Common stock

$2

.

•

:

>

^

stock

1,

t;.v4?/4% cumul. pfd. stock

,{'$1.75

,

<.t

Pfd.

1

^

1

2-

$1.25

(quar.)4.—;

Co.—

preferred (1897)
(quar.)
Wisconsin Gas & Electric Co.—

12-31

1-15

Power

2-

PRESENT

-

1

2-15

25c

preferred (s-a)
Water, 7% preferred
Electric

2-

notes, due Nov.

'

-

(quar.)

4%

1-15

t

2-

—93%c

6%

12-20

1-15

6%

Wisconsin

12-13

2-15

5c

$5 pfd.

TO

3%;notes,-due*$100,000 annually Nov. 1 •''■

12-13.

1-15

•;

4:

:

—

1-15

;

Products-r-

(quar.)

EFFECT

Authorized

.1-15,-12-13,

75c
$1.25

v;

Wichita

1-20

37%o

•

Chlorine

Wilbur-Suchard Chocolate,
River Oil Corp

12-20
'

(quar.)

<quar.)__^

preferred

Corp.

Co., common

Wichita
•v

37%c

•

wi-.- v

participating preferred (quar,)

Common

;•

•

1-15

(quar.)

$3.75

12-16

1-15

37!/2C

.

preferred A

Whiting

2-17
v v^'
2-15

Ltd.—

........

1

lr 2

1-15

35o

Pacific RR.

Westvaco

1*15

.

(quar.)

Southern California Gas Co. 6%«<pid.
Preferred A (quar.)
w____

Canada

2~

1-31

-

$1.12 Vi

—i;

Edisoft Co.,

(quar.)
original preferred
•«'> 5 % % preferred. C

^Southern

100-

.Sugar .(special)j—• '

5%

2-15

13%c

:

.

Common

.

■

;

;
•

.

Western

$5

>

___

Coast

Corp. (resumed)
South Pittsburgh-Water Co.'—
4%%
preferred - (quar.)

-

*'

12-31

-

CAPITALIZATION GIVING

Payable of Reo.

Grocers,

12-31

• •

::

J50c

6

1-

Holders

When

Share

1.

1-20

-ri-16

1

2- 3

•

~ >'
- .•>
.::Vv?' 725c

■.

.

-

pref. A (quar.)-..

conv;

South

"

-*

„

.:

,

Company

Ltd., class A (quar.)._4.
$37y2c
$1.40
preference
(quar.)
^ ' J35c
7% preferred
1
}$1.75
Western Light & Telephone Co.,
Inc.-—
.•- 5%
preferred (auar.)
■
31 %c

2-

25cT

*

Western

It 15

1-20

730c

O.)

-•

Solar

25c .,^' 2-15

-

Per

Name of

Payable of Reo,

Share

.

Corp. .(quar.)

(N.)

Smith

>

When" Hoidert

1

"-r"'-

,i

j.

Sinclair

'

30, 1946 were equivalent to *3.64 a share on

against

$5.59

>
7

*"

a

share on

Sept.

30f>,1945.—Y. 164,

f

4

Y.

V

-

.

'

'

"

1

*

'*

'

^

P; Reynolds Metals Co.—25-Cent Distribution— f
r

The

the

directors

common

amounts
a

were

total* of 75

p.-3149

*

have

declared

a

stock, payable Jan.
disbursed
cents per

on

dividend

of

25.-rents

2,- April

share in 1946,

c-'nr;'

as

,

if

1'^

(

—'£r

per

20 to holders of record Jan.

Jan.

7 ■

•

tjvl"' '

v

share
15.

ori

Like

and net. 1, last year, or
against $1 in 1945.—V.' l64i
1

t:.

.•

■ •

*• •• -•

-

'•

:

■

- 1946
V
>.$6,274,983

Sept. 30—

9 Mos. End.

^Root Petroleum Co. («&

Inc.—Earnings-

Brass,

Revere Copper ,&

t

1945

i

.

1944

Total income __—I/™.-

6,565,078

charges—

133,677

150,315
1182,683

§2,110,332

$15,195,666
17,230,840

$7,648,128 $14,244,030
*8,433,400
15,161,294
109,080
116,170

after

Profit

expenses—

Miscellaneous

of ..war

Interest, amort,
facilities,, etc.

____—/

Depreciation & amortiz.
Prov. for contingencies-

§2,061,245
695,000

•;

10,840,000

4:4,880,400

vi

$0.61

//(

J

Ended Sept. 30:—

,

-

.

9. Months Ended

$6,640,521

•7.381,650
.789,696

and.iadministrative expenses—

Excess

tax
profits tax
reserve

Net

—
■«'*--"r
adjustments—

:■

30,792
CrlO.221

Cr583,469
;Cr3,4W

Net

-$962,377

—_

St. Louis-San

payable—trade

chgs.--

income .aft,j

Federal & State

normal'

2,450,000J

surtax
Fed.(-excess profits tax_
&

tax

income

$1,610,920
:
$5.40

$2,824,773 .$1,212,442
$10.39
$3.80
Earns, per com. share./
-tV. 164, p. 2325.
♦In xeapect pf prior :years
for

Profit

year—

v

::>1946 *

Net

from railway
from railway

Net

ry.

Gross

•

oper.

income—

u
23,631,651 30,380,131

1,965,420

2,596,216

Net ry. oper. income
—V. 164, p. 2963.

.

on

company

The

INCOME

Net sales and

1

Income

profit before taxes on

Net

Net

Moore

Frank

B

transfer to

'

V.

...

'

A.

stockholders' clkims, are, jnot .5atisfjied

The company

on

letter of notification
common to be offered at $7 a

20,

Inc.—Offers to

Roberts & Oake,

':'

$5,320,255
3,896,220

on

6%

bonds

due

their

share. Under¬

It

.

Rochester Telephone

Operating revenues

.

-

—

Operating expenses

Operating
..

taxes

—V.

$695,914
580,978
>73,280

164, p.

3335.




$620,408
436,654
97,307

„n<.»ui.-i.

..«■■■'j»

.

,Net operating income
Net after charges

i]

T;

>

4,092

7,134

..

.■

$7,340,414
• 5,350,415
a,084.240
H A-1 -——tr—

$41,656

>3.$86,447

$905,759

15,773

53,619

578,250

stock, as/,compared with th«
a share on a ■ 3.600,OOO1-

shares outstanding on

subsidiary,

its

outstanding

the

ENDED AUG. 31 (INCt...

/[.'/A/.;]/.-

profit, on sales
advtg., distrib.,

Gross

$

,

to:

Chemical Bank

149,955,493

123^618,477 96,238,638 54)095,612
26,402234

103,925,165
- 625,499

89,054,916
619,676

69,836,404

Total income
104,550,664
Interestvcharges
920,689
Prov. for Fed. inc. and
Capital stock taxes^, §53,500,000
l,QOO,0OO
tAppropriation

89,674,592
1,311,958

10.227^31 ;35i092,245

•

[

Profit from opers.™

Ir

St IiOuis-.Sftn
.

;•

Francisco & Texas

Net ry. oper.

$6,676,590
: 4,443,532
*1,121,437
.

■ c.— .i ju.""

Net

ry.

.87,386

>7,890

.19,658

'24,906

Income-^

from

$1,111,621

72,848

Gross • from
Net

755,293

lr—
2/188,128
railway^,.,^
y 520,800
railway^-.™
:/v ;. .,84,031
oper. income—

-From January

•Deficit.—V. 164, p.

1944

1945
$268,066

24,435

;

2963.

•

!,

;[

$288,186

911,015

,1206,699

t23;749.59®]

15,317;203

;9;235,760

23,941,200

.

•

5V2%

-cum,

,^000, POO

pre-

-.stock -1

' ierfed

-i

.

On common stock

Shs.

com.

Earns,

§§711,296
6,119,382

stk. outstdg—

3,600,000

charc_

>;t$13.64

per

com.

y

-839,714
,859,535
V-2.834,733 ",2,519.762
• 1,890;000
rl-,260,000
-**$7,66
'/tt$6.65

773,377
3,779,643
2,520,000
*$9.19

shares of $2.50 par value. ;-]tlncludes -excess
profits tax (less estimated-debt retirement credit of. $2;210,0<]K»/ $19,896,000.
tAppropriation for-reserve for contingencies and ;postwar
♦Based

on

..v._.

2,520,000
.
..

adjustments.
§Includes excess profits tax.
tlIncludes-excess q>rofits
of $51,298,550 (before-estimated postwar refund and debt retire¬
credit of $5,127,614),.'■ **Based on 1,890,000 shares of--$3.33 Va

tax

ment

.

$446,313
245,212

123.035

3,472,019

,:3,576,'582

3,931,148

1,220,541i314,216

(1,472.555
,366,830

,2,014,148
.974,871

ttRased .on
paid
premivra/j'$185.119f
/
,-vj

value./itBased ,on 1,260,000 shares of $5 par value.
3,600 shares of $1.75 par value.. §§Premium and accrued dividend
par

redemption of preferred
charged to capital surplus.

on

stock, le?s portion of

AUG. .31
T946 .]•"

.GONBGWPATED BALANCE SHEET,
-.U " v
:/" ':/ /■"// "

• < • i \ - ■■//ASSETS--*:^

Ry.—Earnings—•
11943

34,087,39®

0,004,643

§63,535.000: H5d °^.4t3
086,434
2,000,000

49,129,975

Net profit v
On

"

^$265,079

J946

November—

..Gross from railway---,.
Net -from railway—

291,227

.

Cash dividends declared;

require a period of,

.

30,008.215

34,563,561

I.:/. '

Other income (net)-

bond¬
surrendering
.exchange agent, .165

112.

"

$

46,030,328

admin/ and gen. exps.

'

& Trust Co.,
' •
may normally

,1943

v

643,867,348 561,657,181 386,634,991 223.183,680
493,911,855 438,038,704.290,396,353,169,088,068

iCounts,.etc.
goods sold

Cost Of

Belling,

-

SUBSIDIARIES.>

1944

1945

dis**

vsturns

less

Stiles

Ecker an^

New York 15/ N.
expected that' exchanges

ended
sales

for the year

and
increased
the
'

■1946

David Roberts, Jr., and J. W. :

.be^pbiftt^ed from said Aepos/taries.—*V, .160, _p.

Cprp^Earnings*^-

,^,t5C^BS5SWT5^"7*3r^W?**,

operating revenues

,

vl946^Mpnth^-1945 >51946^11 Mos.t-1945
$695,914
$620,408 $7,347,548 $6,680,682

Uncollectible oper. rev,_

common

1946, as against $561,657,181 the year-before. Total
the report Included new record® Tor Schenley whiskies
for'The products /. of' -Blatz-Brewing • Co., a subsidiary/ and
sales for several wines/ cordials -and liqueurs recently added to
company's line.
In January, the Pebbleford Distillery Co., with a plant atr Newport,

.

days after surrender of bonds to the ex¬
~
'
'
.
, l^•
Holders of-certificates .of deposit for bonds apd: holders of bonds
In respect of Which assents jue on file with any mf the bondholders'
committees .must surrender such certificates of deposit and bonds
to
the depositaries for such committees accompanied by letters
of
transmittal in the forms provided by such committees. Such letters
of transmittal are being mailed to,ail such known holders .and may

exhaust the %
amount

Ferlod End. Nov. 30r~

bonds
is

accordance

program of

31,

INCQMB ACCOUNT, YEARS

approximately 8 business
change agent.

May 1, 1954, to an amount sufficient to
at prices not to exceed the-unpaid principal

^

of

amounted to $643,867,348

Consolidated net sales

Ready-—

Broadway,

Repurchase Bonds*—

,

established by' this ;por-

acquired for the aggregate sum of $4,481,760, .with Schenley
The Geo. T. Stagg Co., each -purchasing 50^
stock, and in July, Schenley .acquired all-of thb
outstanding stock of Dowling Bros% Distilling Co., wRh a/distillery
at Burgin, Ky., for $12,347,500.

reorganisation

_

interest.—V. 161, p. 2597.

shares

3,600,000

on

Aug.

of

'Frisco's Fort Scott bonds and

John W,

with the SEC

of $103,930,

sum

eorp.-^Annual RepQrt-7-

records for earnings and aales were

share

and

Stedman, James H. Brewster, Jr., Frederic W.
Lockwood, reorganization managers under .the plan of re¬
organization, .on -Jsn. 2 /announced ,tha t the plan Of
has. been consummated ^nd. naw securities and t cash .in payment of
interest on
pld bonds ,p,re now .available for ^distribution. /Bond¬
holders
(except holders of certificates of deposit -for bonds or of
bonds in respect, of which an assent is on file .with any of the
holders', committees) may obtain such new securities by

,

.

rehabilitation, expansion of- world trade, extension of employe®
benefits and intensification of research and product development. • ,
Net profit for the year after all taxes, charges and a special con¬
tingency reserve of $1,000,000, amounted to $49,129,975, or $13.64 a

principal and $35.02 interest,

New Securities

'

plant

Stedman.

$1,424,035
382,250

Vice--

Ky., was

hy.the

trustee, was directed to make payments
'Frisco's prior lien and consolidated bonds. The

Clark;Hungerford, vR.- 0./McClihtock,

■

First National Bank of

thereof and accrued

:

^

on

will be

of rtbe;foliowing

shown .in

consolidated, 6s.
,The 17-rman .board of directors/ which awas nominated by the- re¬
organization managers on Dec. 10, 1946, and subsequently approved
by Judge .Moore," consists of the followipg: D. (K. Catlin, Gale John¬
ston,«R.: J. Lockwood, J. R. Matthews, ::I/. H. Orr,? F.rC.' Rand and
F. A. Thompson, all of St. Louis. Other directors from various other
cities, -representing groups
of security 'holders, are: E. L. Bruce,
E.
M. Doobs, F. W. • Ecker, S. Hall, H. L. Harrello, B. S. Reddens,

Chicago/Trustee, 33 So. Clark St.,.Chi¬
cago, HI., will until 3 p.m.. on Feb. 6, 1947, receive proposals for .the
sale to it, for account of the sinking fund, first mortgage sinking fund
The

ftna-xi.jmj, soww.
The

Inc.-rNew ,yice-Pres-

$27.28 on the

Proceeds will be r used - for

Dempsey-Tegeler .& Co., St, > Louis.
additional working capital.
writer,

:

: /

March, 1946, the number of shares of common
from 2,520,000 to 3,600,000, $nd the par value
changed from $2.50 -to $1.75 per share.

.which will bring the
bond of the St. LouisA, and $24.56 on the
series B, ion. account pf.accrued .interest; $24.80 per $1,000 bond of
the /St. Louis-San • Francisco By.: consolidated - mortgage vA^s, .and •

Mo^—Fhes with SECt—

Jan. 2 filed a

#or 42,500 shares ($1 par)

'

Aug. 31, 1945).
In
stock was increased

interest up to Jan. 1, 1947; $23;04 per $1,000
San Francisco Ry. prior lien mortgage,^ series

<>

h

-York-^Stock Ahction-^-

previous year's earnings of $23,941,200 or $6.43
share basis
($9.19 a share on the 2,520,000

Thompson,

will be applied on

113.

p.

consolidated

$45.06

.

Rit^point Co., St. Louis,

?

according to
operations .since

its series A and B prior lien bonds and series A and
bonds. This distribution, which is to be made along
with the new
securities under the plan, when the latter goes into
effect, consists- of the following: $80.08 per $1,000 bond pf Kapsas
City, Fort Scott & Memphis Ry. Co. refunding mortgagees, of which

;41»P41;785
The reserves, if any, allocable to-thisr period have not yet been,
determined by the board of directors.—V. 164, p. 1637; V, 163, p. 3423.
V.Vft '
.v; '
'
V
^ " J-/
•

■

*416,152

.*45i, m

*529,051

poration for the fiscal year ended Aug. 31, 1946,
company's annual report.
In its first full year of
the end of the war, the report stated, Schenley produce in
with its government grain quota, and undertook a broad

of bondholders' claims

pointed out that $119,000,000

of $3,804,841

$4,192,609

tp 8urpIu$_^nw--.,—--v.-i.-. ; $4,045,471

Balance transferred

v

2963.

Schcnley Distillers
New

V

;

165,

Richard J.
.

2,472,703
4051,91?
/719

•

same

priprityiover
present plan.

sum

-

$4,045,471
p:.A

income———

Interim

the

carry

Judge

Nov. 2,'46 Nov. 3,'45
$37,021,243 $30)443,316.
$6,727,971
2,682,500

2,701,487

2,382,051
121,416

The corporation announces, .the.appointroeot

/

'fo]/

.will be wiped put.

44 'WEEKS

ACCQUNT FOR FIRST

cervice charges---——^—•

:8t/Louis, Secretary and

,

which take

record Dec. 5.
•

4*284)59'

Max Wes.tphalL Washington Liaison; Gert Meidell. -.Amer1icap-^candinavian Relations; Ivjark Maidel; Operations, .and' TheQdore
P.:Gould, Traffic and Sales."
-, ' ;
Mr/Westphall will have, offices at 1025 Connecticut Ave., >Washington,;D. C.; - Mr. Meidell and Mr. Maidel at 270 Park Awe.,-New York
17, N. Y., and Mr. Gould at 630 Fifth Ave.,, New York 20, N..:Y.—;

.baerL.,
Louis,'"Vice(Vice-

order Turns over .to the new Frisco railroad, which
name as the old company, all claims, property,
rolling stock, franchises and assets of the old company. The road's
capitalization will be reduced from approximately $480,000,000. to
$247,000,000, and the claims ;of; stockholders and unsecured .creditors

Corp., N. Y.—Pays $1,75 Year-End Div.
Dec. 27, lasVpaid a year-end extra, dividend of

44 Weeks Ended—

'*2(0,267

Presidents:

.

will

issue on Sept..14, 1946, which
25 cents on Dec. 14.
second quarterly distribution of $1 per share on the $4 cumu¬
preferred "A" stock was made on Dec. 14,. last, to holders of

lative

/the

time. Judge Moore

plan obsolete.
Judge Moore's

258,714

commonstock/to holders: of record Dec.

2,633,213
; *11,980

Scandinavian Airlines System*

.

Riegel Textile
The

railroad and

issued an opinion and order re¬
fusing to send back the Frisco. organization plan to . the Interstate
Commerce Commission. This was asked by an .attorney for * the .old
Frisco
corporation and unsecured Creditors^ pn
the ground that
changed economic conditions have made the present reorganization

1,542,865

$1.75 per share on the
"An initial of 20 cents was paid oh this:
was followed by a quarterly .payment of

,*10,954

snares ox ciass a common srocr

District Jut^e George-

At the same

.3,540,273

2,948,821

p.

$237,569

32,916

/

UatL

14-year-old bankruptcy of this

I

1947.

33,832,124
19,735,759

34,641,275
18,157,669

10,560,248

7,045,270

railway-

from

Net

-

^

164,

4943 :

,4944
$282,458

21,471
*21,388

Savoy-Plaza, Inc., -New

«MJonsummaM©n order- and final decree in-the reorgan¬
ization of the railway company, approving the 17 directors proposed
,to his. Court, earlier that week and setting the time for the railroad
vTo epme out-ot bankruptcy-andrtgo on its vown as 42^>l^'in.^Jan.4/W

totaling $7,997,450 on

*

I From January 1—
Gross from railway

1,739,774

t V * ,

^

$188,697

*107,093

railway-'-—/

•Deficit.—V.

2,396,965
1,389,366

3,374,693

1—

United States

v

$3,031,505
*

$9t!982;266^$9j245,435 "

rs'v^f

4945

s

*63,186

Net.'froni:: rail way]-^---:
" Net- ry/pper. income--.

^944^ ^4494^3:4

; 4945

2,175,977
1,119,060

i

'

X946 >
$179,813

•

From January L—

Gross from

«Dec.42. signed

1943

$2,443,092 J2,883,885 :
1,309,359
989,797
203,241
195,760

$2,009,081
'>484,403
-i 60,149

* i

A

Uvalde H& JGlulfJlR^EapnlngSr

railway

Gross from

337,638

Assistant Treas¬
urer;. R/M. Culp, St. Louis, Treasurer and 'Assistant Secretary; ,E. R.
Belt, 1 St, i. Louis; - Comptroller; and -E. G. Nahler,: St, • Louis General
Solicitor.
<
,
|

•Earnings

1944

V1945

.

78,104,365 , 59,406,623 344.^0.999; 664,623,382
the end of .4946 -were 2,416.i.agatnst ;2,440s

Net,; fron) railway.-]-™
Net ry. oper. income—

$8,589,574

647,283

-income.—

President; L.O. Rlumphreys,

,

RR.

Fredericksburg & Potomac

Richmond
November—

i

-November—

•

Sales -31*47% Higherv^a946^r&2,Wks^—1945.

yiear .before—V,. 164,'

»$*>$■. '

San Antonio

:

of -the -Western lines- of the Southern .Ry. Go. > h^d
President. Other officers are: M. G. Roberts, St.
President and General Counsel; C. ~W. Michel/ New York City,;

$1,720,880
$5.56

<

4,328,833
(, 551,128

named

3,820,000

I -~2' 45,0*000

credits

♦Adj. of postwar

railway—___

oper.

operation at

reported ,in operation

32,701

4,718,964
373,069
80,384

Manager

530,000

500,000
3,600,000
CY83.059

$4,819,791

$4,044,435

,

1946—4 Wks.-^1945

•

—

Storeisf in/

•

vsconcluded

$5,627,861;* $6,070,880

400,000

Sales

restoring: the property to private pwnerphiP i.were ;
at
Guaranty Trust Co. of New York, on Jan. 2 when Frank,.A-. Thompson, v
of St. Louis, trustee/ turned oven the road - to M. ] C., Roberts, VicePresident and General Counsel of the reorganized company.
Mr. Thompson,
who has served as trustee of the property for the
last 3Vs years and for 10 years prior to that was Counsel for the
former-Trustees-of a the-property had been elected Chairman - of the
board. Clark Hungerford, for the last eight months Vice-President of
the .Association
of American Railroads and prior to- that General

1943

1944

1945

*$833,543

.

•

Co.-^Common Stock Placed on a
Basi^-rEarned $10.39 per .Common

$4,062,771

1946
$7,632,220
1,100,207

Formalities ending the

payable,-$149,873; liability
dividends, $685;

1946

$598,349

-

etc., $319,037;

quar.

$5,274,773

$7,618,247
2,798,456

406,451,455 97,951,421
The Shetaton Porp: of America wilt'Offer^ifif public/auction Von:
Gross from railway,
.33,694,200 ,. 33,308,436
20, a block of 1,944 shares of class A common stock and-27,350. shares
Nef rv°^ner^irmome~
4 666 857
14 034 978
15 896 5B2- 2o'a77'46R
zu- a Dl0CK OI
;Net, Ty,,,pRer4
^4>bq,007 44,0J4,948^^07,^468 / [ i , 0f (3iass r $tock,pL the company.' The ; coOTtt,osd^r .,pprnAWna
has] set an Aipset, price of $507,708/fpr -ithe/stocks An earlier /pourt .
order, applying to ].a eale ;planpedt.fojr/,Sept.i20. A»4>^et a,;minlmutn :
Restored to Private Pwner,§hipTr-BahktuptcY :-Ehded
pripe of $^6X,863.—V. 164, p. 3420.
- •;■■>;
,
v
Jan. 1—

the /following

•

2,779,162

3150

p.

84,051,738 104,012,342
9,737,673
27,171,519

]distributions yWere -made: -Feb. V1 -and
Sept. 3, 75 cents each; and Nov. 15, a special of $1. In 1945, dividends
of 75 centS.*:fifUCh |)y,ere pyd; qptEeb. 1 .apd,;.^p,t. 1.
;; RESULT? FQR YEARS: BNUEP '.NOV.' 30
During / 1946,

Net

ry.

From January

have

The directors

'

from

Net

placed the common stock on a quarterly dividend
basis, and in accordance therewith declared two dividends of 50 cents
per share, the first payable Feb. 1, 1947 to holders .of record. Jan. 15,
1947, ^ and the second <.payable - May .1,^,1947 to, -holders.>of record
April' 15
1947k .-./.-..j.
,-•••/.:• >•/••>' '■
• •..••.-•''••.I. •••!'.-V • r'-*•••* •
>■v>

■

^

55,596

Francisco Ry. -Earning^

railway

from

Net

Rice-Stix Dry Goods

$3 Annual Dividend;
Share in 1946—

railway

oper.

November—
Gross

on
income,
exclusive of
capital surplus,
$6,07.1,162.—Y, 164, P. 2058.
"

from

ry.

railway

1943 :

*S

*134,556

295,95®

instalments to May 14, 1952),
additional assessment of Federal taxes
-interest, $152,514; capital stock $1 par),
$1,099,285; earned surplus, $435,079; total,

$296,000;

$6^23,597

37,963;

-

,

256,569

Period-End. Dec. 28—

•

securities at cost, plus
at cost (market $9,517),
$7 032' Note receivable—employee, $2,000; accounts.receivable, $914,898;
•Federal tax refund claims/;$583,469; r,advances for. travel . and., branch
plant expenses, $5,380;- inventories, $1,517,744; other assets, $181,756,
land, improvements,, buildings, machinery and, equipment (after- reserve
for depreciation of $1,737,572), $1,882,141; patents/trade marks and
goodwill—at nominal yalue, .,$1; deferred' charges, $286,224; . total,

notes payable (due in equal
$1 187 500; reserve for proposed

$7,183,623
434324

*255,008

V.2A.P26:

;

3,32.4,32^

$6,487,157
-.336,440

*$616,498

Stores, Iuc.^Current

Safeway

$426,201

y 9,345

;

4,681,190
203,802

Net

BALANCE/SHEET/SEPT. ,30, 1946

2VZ%

^

l-^

4,696,262
488,991

Net

/C35,081

1944

$440,372
41,833

*31,974
*71,415
I
- • \

34,338
*24,8.72

^

income—
*234,090
♦Deficit.—V. 104,,p, 34?0.

*$280,079

$6,071,162.
i LIABILITIES—Notes
payable, $2,053,333; accounts
and sundry, $372,231; accrued wages, taxes, interest,
payroll] withholding and miscellaneous taxes
to employees for bond purchases,
$5,626; unclaimed

162,096 > 2,01.8,857

:

.,..$.854,918.

Net income .
*
Deficit.—V.. 164,

.

$8,5Q6,014 $10,507^47

.

*$578,535

.183,586
$829,892.

inc.i—

$8,162,J$72;.$JL0; 138,701
3.43,342
- 369,245

.

.33,304

i

$1,013,478 '.,*$454,402

Deducts, from gross inc.

V.?;rt-$2,.78.
$2.27
consistJo©jO(t«.35,0()0--shares of $4.50
shares. ,tAfter; Federal, and State
V: '

1946
f1945
$432,666 V; $368,681

railway

railway
oper. .income--

from

Gross

ASSETS—Cash, $640,102;. U.B.. Government
accrued interest, $50,417; marketable securities,

:

taxes.—-V. I64,sp., ?J58.

From January

■;^..■

;■/■'/

CONSOLIDATED

share

common

from

Net ry.

>Cr401,210

»

•■♦Profit/-/:

.

NoH-pperafemg .injcome^.-

133,200

v $1*254,787'

present capitalization

on

Gross'from

1,885

inc. under

i)Snd!^

-

-

1.3I$vfKJO ;;l,288.843

*$487,706

;;$978,657
34,821.

_

Net ry. oper;

935,000

,199,000

—.

November—

.

.—

—

——

v.

-Rutland RR.—Earnings-

.

59,631

adjustments- *

expense

:■

revenue

,61,194

',5.4^64

]

Internal Revenue Code

,

loss

Net

$45,792
28,333

•—

—

"carry-back" provis.. of
prior period tax find

;

v

$1,494,893

*Based

2,097,404

preferred stock and 500,000 common

$106,986

,—

-—,-•

Renegotiation refund (net).-.——
Claims for refund of Fed. taxes on

income-

oper.

-

'

;

income

ry]

1945

*223,896

425,699». .942,000'

-I;—

♦Earped per
■

-912,407

723,520

^115,684

•

•

';:Net- 'inoonie

v

;

$1,530,825
735,932

—-—W—

,—^—

taxes-)

:Ry. operating incomei (.

:•

$1,530,825

.'

expense

Contingent
'

750,744

"

TOtal liet
Federal

1945

--

(net)———

Federal

..973,430
14,674.687

107,543
1109,339

81,184

Fed. income taxes
Other

34,025,307

$27,075,667

350,306

;

^vAd:-ivaiorem--'taxes-i^-;
v:

Mos.->1945
$6f,100,974

$452,696 $12,484,483

$1,525,831

;vNet re,v.-fr.' ry^-opers.
Railway tax * accruals—

Total. ,ry.oper, ipc._
< 4946
$16,576,009, $16,897,388
Deducs. jfrom ry. .oper.
2,464,183 ?j?2,166,995 i 4
income
2,546,883

Sept. 30r-

charges

Income

$6,027,651
*
5,383,894

—

income

[Interest

1946

•

-Gross: Joss

Other

expenses

oper.'

Gross income

—

—

general

,Selling,

Railway

..Other

tNet: sales-__ii--i--—
Operating profit
:
Tptal income587,161.,

[State .taxes

■

.

sales

of

V

...

Ry;—Earnings-—

1946—Mpnth—1945>
1946—H
$4,078,460 $42;376;393
2,723,675
3,625,764
29,891,910

$4,249,506

revenues

336,045 V$0.94

;

$1,00.

>

13,1194.7

■;

.

Railway-,?oper.

$351,872

336v045 <

'

Subs^-^Earnjirigshrr. >.

(Jacob) Ruppert (&

$0.62

Federal income taxes—

sales

;i

t

Co.—Earnings—

Reynolds Spring

Cost

Period—
5

231.

wr—V,• 163,c.p.

^/,2p08,/^

Net

outstanding-.—^

Earnings 'pen share

refund of Federal
profits tax.
^Reconversion, expenses pf
;;previously

Vears

i;

,

$363,325

.$403*048 ".
>336*045^::
>^$1.-19

Net profitCommon shares

•On 1.286.916 common shares;; tBefore. post-war
profits tax.
$ After post-war refund, of excess
including amortization pf war; facilities. '
il85.000 ..werecharged /against reserves
••:■":':v.
•

-

,

u 1946

$1,270,907

$1,262,048

$1,094,102
$0.57

I—

excess
a,

30^b ; ';

;

||$3,198,103
,$2.20
♦Earns.Vper com. 'Share
-profit

Net

916,904
§1,286,311
1,000,000
12,600,000

:193,921

232,398

2,200,000

••^Federal tax on. income

156,718

.

St. Louis Southwestern

Subs.)—Earnings— :

»1945 «-• '> 11944 m .
^_-^--^ r$6,463,668r .i$8,863.401 J, $6,990,194 :
Profit before taxes
——;—__
628,281* ,1,303,965
,1,264,657
Jucpme & cxcess prqfits taxes (net) '
^22423^»/ ,940.640'' : ' 902i785'

^onths Ended Sept.
■Net sales
•v9

1943

■'

Monday, January

EINANCIALiCHRQNICLE;/

SHE COMMERCIAL

254

;

Inventories

securities

Miscellaneous: investments /
Prepaid expenses .and deferred
tLand, buildings, machinery, equipment,

0,368^877
,

40
ao6
^175,454,075
234,551
. 1 4^,440
~

charges__/.r„r^:.'}%■£05

Brands, trademarks,-,

Total

—

/ /

.;>$" ••"•"- '
•

Cash in -bank and/on.
U. S. Govt, certificates of-Indebtedness/
♦Notes and accounts receivable
™_™™'
Marketable

^

'

] ' *f.i3i94S

etc

goodwill, ctc,™T-^_w.ff,

—

—

/; 42:"07,996
1.270.073

489,370
/EO.660,138
37,093,564

91,523,153.
1,456,000
,

'

:08{),75O

2,632,830
20,768,863
,,.,433,438

278.474.222 187.047,00*

COMMERCIAL & FINANCIAL CHRONICLE

Number 4559

Volume 165

—

j' '.J.LU'J'IL.I.U

.j-'.'1

■r "ji >1

•*r

►

r—

o

V '

H"

stock : (par, $100)-,'1C--—

preferred

S%%

'Accounts

Uabilities™™

payable' "and/accrued

14,061,400
6,300,000

R,3QO~OQO

1

corporation, -.prooessor of quick-frozen fresh fruits <and vegetables, accordingv:to >an ,>announcement by Theodore U. Delson, President.
Dr.
.Fehmerling formerly was .with the U S. Department of Agriculture in
,2,314,703
charge of ihe. Philadelphia office, covering Pennsylvania, New Jersey,
8,000,000
Western Maryland, West Virginia and part of Delaware.
Previously
2,000,000
!;:he was a processed foods inspector in, the Department's production and
59,043,436;,.
marketing .administration.—V. 164, p. 3420.
'
3,025,470
77,749,503

14,386,737
V 165,844

..Dividends

2,929^379

-

57,000,000
§3,000,000

^Reserve; for conting. and- postwar adjustments'-;

profits taxes-LLu-;..: 54,426,798
2,840,351
/Capital, surplus ■__4_i._l_-_.H_ww-.jFederal" income

and

excess

,

^Earned " surplus
'

,1__ 120,048,800

1

_1

LJl

November—

____™

Ohlyt

|i

rf.'-r" .V..j.44

;l•■■■y.>■*'

Net

v"

-

after" charges
X
Fed. inc. & exc. prof._tax

Net

•V

of

per share
164, p. 3150.

%

■'

J

^

$6;010,159

i

...

-

->*

j;

-

\

r

,

t-

K

1

,

between

■Railway coper..?revenues.
Railway oper.. expenses..

-

$4,000,00a and

trust, certificates

ment

X65,

«

p.

* »

5

Mtimatedy coet:

iv'
-

*) I *\^'

rt,

/

'

v

,V/-

•*

State,

Officials Promoted—

Net

research

ously,

391,616,951 407,012,928

*120,061'

55,093,113

it

;

7,409,568

.6,998,054
7,580,253

655,182

.

8,645,466

he
Mr,

1,172,242 i-' 1,668,497
13,306,538
Cr5,713,305 Cr6,056,727Cr31,570,997
11,000
Cr5,191
Cr56,883
(net)

1,722,794

1,771,744

165,209

81,978

4,951,977

1,158,650

Crl48,481

300,540

1,887,925

5,252,517

3,046,575

45,030,569

52,960

53,089
2,383,617

.Reeves

Total.Cfijced charges—_
conting.

724,569

1,664,001

,

'

Seeger Refrigerator Co.-rrEarnings^3 Months

22,297,022

^

(Dr)

Other income

'■■

——

■.)

^

>- Ket' loss;

$45,98$

L—

I

,...

Luis

.

—V.

1,316,940

1,922,860

"174,805

-

740,338

4,042,666
RR.

Co.

of

24,003,244

York

of-1950,

plan

been

14,

are

Carlisle, a Vice-President
has been appointed Associate

R.

In

addition

Development

Sweeney

since

his

to

1936,

and

.duties,

pew

1929,
Carlisle

since

company

Mr.

.V-...

(500 ,par)-

letter

a

of notification

stock,

common

,

■

■

the? SEC

with

offered

be

to

for

Curb

Exchange

with

received froip

income of S.

P.

33,023,407

at

par

and

acquisition

ex¬

of

from

earnings

from

from

From

cd

"•

v '

>

$864,760

Taxes

(other

Prov,

for

inc.

than

Earnings—

:

Net opsr.
Other income

595,642

578,048

785,832

36,502

90,224

65,685

*14,254

758,075

3,259,587

4,745,501

4,853,393

326,895

1,635,814

*301,071
•

splus accrued dividends, which will amount to 41% cents on the $2.50
cumulative and ,to. $52U5 on the 7% cumulative preferred. This will

4,997

705,422

1,982,203
988,573

20,356V;:

8,66.6

-

-

.

3,931,491
1,714,065
1,062,391

1

2964.

p.

$299,183
Or 906

1,994

$298,277

$4,184,055

1946—12 Mos —1945

':

$985,633 ($13,232,083

,$7,820 530

(The

highest

estimate

net

of

profit "for
share of

per

taxes

the

Dec.

ended

year

stock after AH
share.
v

common

will exceed

$3.50 per

.

the year 1946 the company paid cash dividends of $1,043,378

$1.75

pet; share

ta

common

.stockholders,-

dividend

additional

An

11.—V. 164, *py-31&l-fa .r;

'%l; y

■

\f* t-'

%

Stix, Baer & Fuller Co.—Earnings—
9 Months Ended Oct.

31-L-

1946>

1945
$3/965,00(1 ,$3,465,000
,2,400,000 - JL,063,000
•-'■
$3-.95 ..$1,J55;

.

Net profit before

$4,182,060-. $4,274,300

$4,277,287
.2,75.8,874

ilJlLOpl

the

V

2,986

deductions

1946—Month—1945

*$1,490,779

During

Net profit

after ?

♦Earnings

-Vii-..'

■

income--.

164,

sales

~or

A,810

$344,573

>;K

-t,

.Gross
Income

;_

NOTE—Preliminary

814,311

397

$344,956
.Br383

..

railway

\A of 75 cents per share was paid on Jan.

7.74,061

61,968

425 :;V

'

.end $l07v35.
:
..
7
Ijr lieu of redemption, each share of - the $2.50 '.curalative .,preferred
Vpiay rbe
cinverted into ten shares of common stock ,on».or before
''
March 15.y Holders of the 7% cumulative preferred, in.Jieu of .reAdemption; have a choice,of two, options-L;to Exchange. (eachAhare .for

59,012
♦227

'

charges and Federal income

;

•

1943

$392,943

•i 31, 1946, indicates that earnings

.

64,867

758,280

..^v

v ;

1944

$378,733

previous month's sales by $179,518.
fy highest annual sales volume in the history of the company.

,1946—12 Mos.—1945

40,952

7,4,022 A

retirements

Amortiz. ,.of -franchises-

Ry.—Earnings—

~

'

January 1—

from

♦Exceeded

S$DO,007;«*-3;968,B09 ■*-"i>4;077';91'!J

.82,664

1947.—See V.

1945

Period End.'Dec. 31—

$767,377 $10,289,218 $10,523,443

<

►

334,411'*1

of

$273,304

railway.._____,

from railway_^___,_
income™

Net

•

v

J

1946—Month—1945

Maintenance

corporation's vol¬
April 1,
1946;
164,

as

31,

Jan.

Sterchi Bros. Stores, Inc.—Sales—Estimated Earnings
1945

1946

$6,024,329 $273,003,561 $332,262,747

,1

to

1946

the

$325,546

Net ry. oper.

-——Jan. 1 to Dec. 31*—

165, p. 113.
)

31,

}"y;' ;'V..';/ .1946 ■"

.

railway

♦Deficlt.^-V;

1945

$5,994,100

secured

3420.y-':^C"v:•v;;

Gross

solely controlled affiliated. companies included
but not charged against

.Operating revenues
Operating expense

share

Dec.

that the time for
income bonds,

advised

5%

the

to

Staten Island Rapid Transit

Net

Transportation System

1946

has been

respect

April 1, 1950, pursuant to
exchange of securities dated

due

extended

.November—

Mexico.

Southwestern Public Service Co.

"wiil>

'.make the redemptionv value for .the two classes. respectively $55.41%,

to

k

.124,000

vr-

'

Period End. Oct. 31—

cumulative preferred-stock and 1%
of March ^ 15 next,; whichwill :'leave

a

directors

of

p.

1,953,560

76,000

174,805

(Excluding S. P.

» h

$353i507

^nothingStanding ahead.of the- common /Stock..!•
;;j' BQth classes of preferred stock will be redeemed ht $55

the

filed

3

Jan.

on

Net

loss.

net

Gross

,

as

29,876,907

•867,623

JO-Days End. Dec. 1

of its outstanding $2.50

stock

23,024,006

♦44,335

■'"r

—

Period—

"-v.*

Segal,vPresident, ioh .Jan, 46, -announced ithat the.ucompany

.Xiunu&tive preferred

,609,868

.surplus by paying, companies.—y. 165, p. ,113.

Segal Lock & Hardware CoJ—Calls Preferred Stocks—

.retire.all

Dr.

dividends
in

11-

The name of the .company, formerly Seeger-Sunbeam Corp., wds
changed at the annual stockholders meeting on. Nov. 19, .1946.- -V. 164,

-

an¬

and

114.

p.

Not ;ry. qper. jncome___

*Net

58,283

.rX'.y

r. '

1937,

165,

acceptances

series

terest

411,790

N

with

(Representing in¬
on
certain bonds of solely controlled affiliated companies not
credited
to income of S. P. Transportation .System.
§Representing

1

$2,283,6Q4

82,918
36,965

^

been

shares

New

filing

.1,081

332,304

^.945

.

a

company

The

Southern Ry.—Gross Earnings—

1946

Jersey),

Starrett Corp.—Exchange Privilege Extended—

552,458

3,535,556

(Cr)

adjust.

$

$6,715,531

(New

Vice-Presidents

(

has

cos._

adjust.

>;

Ended.fiTov. 30-^

sales'

Operating loss

affil.

tConsol.

198,396,921 134,983,927 1,560,612.544.993,453,028

reports that $ales for both December and the
month period in 1946 are the highest op record--—V. .164, p. 3420.

William

underwriting. Proceeds will be used
ploration of certain mining properties. ;
•

P.

S.

SConsol.

par

company

<Jros8

controlled

.

*

,Th"e

of

Transport. System.
(Net
income
of
solely

SEC

45;5%

$

$

$

^ales -

that

Jersey Standard.
director of S. O. D.

since

150,000

52,727,469

-

21,281,429
.564

charges.

income

Net

.

,

1946-1-11 Mos.—1945

1946—Month—1945

Period End. Dec. 3l—;-,;-

•

Co.
new

'

Consol. net income

Increased

Oil

three

without

Gross

Sales

of

of

has

1930.—V.

The

for

43,830,583
8,896,886

7,421,548

,

.. ^

Roebuck & Co.- -Dec.

Sears,

Standard

Starlite Milling Co., Reno, Nev.—Files with SEC—

/v

22,169,944
824,211

37,609,021

Miscell...deductions

'

•i

4,918,820

50,046,306

1,274,397

.

remain

Asbury

since

14,044,269

18,476,003

(net)

income

oper.

will

Mr.

:

city

Total income

;

Cpiisol. Mining & Milling. Co.—

->

10,130,128

3,770,775

who increase the number

announced

Counsel

untary

jmih.

of

election

the

6,

officers,

was

General

145,345,139

605,806 5

767,562

Other income

spl^, publicly during July, 1946.—V. 164, p. 2449.

jphrchase of

organization
Jan.

on

The ;new

41,019,035

>3,735,638
658,158

_w.T

ry.

Total

The company Oh Jan. 2 filed ja letter .of motlficatlou with the
for 2,500,000 shares
(100 par) common stock to be offered at
fwithout underwritingv';#«y^Jia:^

7,654,293

2,140,379

\

p. .2964.,

C.
Asbury, who will be in charge of contract and patent
activities, and E. Duer Reeves and Dr. William J. Sweeney, who will
direct the company's .work in research and development.
Simultane¬

!"V:'-T;*i?-

<

f v.

5,459,326

Willard

$

■

40,898,974 446,710,064 552,358,067

.5t

Federal taxes

(Effective ;Oanl!iv ^^> ^ ^S. Glaxon-^was( advanced^ to -the -position
.of .Executive Vice-President of the company-and Robert S. McCahan
has been named Vice-President in charge of Glaxon Meat
Gp., ,a
division of the Seaboard-organization.
^Sylvester Cintell, President, announces that these promotions are
jin accordance with the firm's expansion program, begun- when a stock

Searchlight 4Ney.)
Files with SEC—

21,775,026

help meet the
requirements of
an
expanding
research
and
development program, Standard Oil Development Co., central technical
nounced

36,212,688

Miscellaneous taxes

Li

.issiuc

and

county

taxes

V---V"'-'-/i-ivv (•Equipments rents
/J r%r. .
'
tJoint facil. rents

"i

147,589

23,764,203

Standard Oil Co. (New Jersey)—New V.-rPs. of Unit—

and

39,948,326

.

Federal, retirement taxes

equipment already on order.

•%

'

•

Seaboard Fruit Co., Inc.—Two

i

-

422,526

-

23,564,041

and director of the Development company,

k

secured by

to be

*»«:. y

i'

;f

$4,500,000.

.668,356

•

$2,044,456
698,719

To

''

-

798,353

2,567,324
1,304,480

■

income.^

1943

$2,192,635

247,021

rallway_____"_

oper.

:■>;.♦Deficit.—V. 164,

1946—11 Mos.—1945

.1946—Month—1945

-

Net; rev., fr. < xy> .opers..
Unemploy. jnsur. taxes-

T
'
-The board also authorized the asking for bids lor $3,000,000 equip¬

Qf

ry.

s,'

Air Xine RR.—To Buy Equipment—

locomotives and. ws yoars Tor phosp^kte pt ian

tdiqsel

SYSTEM

TRANSPORTATION

OF

$

IThe! directors- have ^Authorized the. purchaae> of 500 hox cars,: 10.

;

EARNINGS

>.•:

.

Period,Epd. Nov. 30—..,

f,

1

y

from

Net

-^..(Incl./separately operated solely controlled affiliated companies)

-

4

1

Net

162,881,210
36,001,661» 53,422,510

30,425,836

income___

oper.

1944

1945

*537,755

directors.

$3,962,622

.

ry.

104,649,255 139,059,288

36,255,564

23,792,278

oper.

!-"•

•

1,0.00,000

250,000

3,479,495

....v■

.

$1,454,593

From January 1— '
Gross from railway—17,390,621

'v ^.^peficit..^

2,520,000 :1 1,890,000
1,260,000
.$5.38-.x,v - .$5.32.4$3,07$2.9.7,;

_w_

.

Seaboard

.

-

ry.

shares -11 3,600,000

com.

Earned
—V.

250,000

$19,385,665 $13,415,695

.profit

Number

,

$34,165,665 $29;465,69& $23,095,505 $18,183,622
13,580,000 .15,8.00.,000
16,835,346
13,221,000

etc.., 1 1,200,000

jProv. for conting.,

Net

;

Net

1943

2,112,632

1946-—

railway____
$1,706,435
railway327,023

from

$31,096,943 $32,130,243 $40,127,309 $40,859,755
*2,201,556
10,578,018 .14,184,452

191,753

.

from

Net

; v, 1,640,724

railwayw--'lncome___'

from

■Net

.

1944

1946—12 Mos.—1945

$8,993,167 $109,481,497 $70,756,389

■

November—

Gross

:

.

1945

income^-, 3,233,665

oper.

.

$11,684,638

164, p. 3151.

Spokane Portland & Seattle—Earnings-

From January 1—• •■''
vGross Trom ,railway-w; 352,868,876 441,668,257 453,527,140.425,057,087

>

'Profit

1946

,

from- railway

Net .r-y-

i.jjfe

RESULTS FQR1 FIRST -QUARTER OF-FISCAL 'YEAR :
(Quarter End. Nov<304- •' >1946
: -1945 '• X4
1944 „
,1943

;1.

,;v

.

rGross. from .railway_w

-

,

Southern ^Pacific Co.—Earnings—

/

.

'!?

—V.

1946—Month—^1945

',

Sales-

.11

.278,474,222 187,047,094
•'4.:Af ter reserveS'fo-r-bad-debts-.of $671,000 in-,4946 and 1945.
,tAfter
v
reserve for depreciation of- $18,359,300 in 1945-and $20,260,215 in 1946.
< JRepresented
byi 2,520,000. shares, of $2.50. par .value ip 1945 and 3,600,contingencies
Total

Spiegel, Inc.—December Sales Increased "29:9 %—
Period End. Dec. -31~~

f,

928,89.4

(Sundry taxes payable and accrued„_-__--_u^i
".Unsecured bank-credit "expiring Aug. 1, 1955—

Appointment—

Jr.. has been appointed chief chemist' of this

Dr. Q. B. fFehmerling,

\

255

np-

:J

^Southland Frozen Foods, Inc.—New

;;v, 1. .f,r

*

-LIABILITIES—'

-■

'

,

/

•share__________™___.._

per

•♦Based Jn

taxes_____"

each

case

Extra Dividend—

>

•>'•■

:

,

-

shares

584,792

on

presently

^

„

outstandings

/

,

.

-

Net income

$2,473; 004
249,141

JiW,717

-$1,239,635

.

v

Balance

4ope share pfi the $2.50 cumulative preferred .plus ten . shakes rof .com- ?
stock,; or .tp'. exchange- each .Qf theif preferred shares Jior ctwen|y
shares .of common^tock,—<V.'164#,p, Jl%2,
r.
• »
;
^

—V.

payment

ending

164, p. .333.6.

fiscal

<

Marine ^division

I

registration .statement ;(No. 6800) filed; wlth .the .3,EC .;pct.'.28 ,and,
-covering 280,000 shares of common stock ,(par r$,l)
was withdratYA
Jan. 2.—V. 164, p. 2325.

revs.—

Aug. 31, *46

Sept. 1, '45 (Sept. 2, '44 Aug. 28, '43.

;t

Gross

JBankicshccessbr^^JtruBt^ <PorUahdv Me.,

Other

will until noon of ^fan. 13, 1947, receive hids for the sale to it of-first
fmpxitgage 4% -bonds, series B, .due Oct. .1, 1961,. to an amount sufficient
to exhaust the sum ,pf $19,454, now held in the sinking fpnd.—yJ58,
SP.-U78; - "
■ "
'
'
' '
■' " ' l*
;■V.

profit

$6,019,654
117,976

.w—

income

$4,637,680
355,177

-

$9,165,436
-487,194

The

i

1

t

$7,093,112
73,715

Prov. for bad debts

-

oi

.;: 'Ml

;

<

*Jt c*,

<

Net

«

f-

»*•'

163,

p.

.

(

: ""

-t

.

$329,069

-

capital' shares
Earned-per share
1
—V.

150,083

310,103

.L:

».'ii ri'

profit—

500,000
$0.66

-

<

-

•

.Profit

1944 "
$9,888,647

$278,234

$639,172

Number of
'

2,424,262

•': 602,761
5,972,008

.

'
'

•

$128,151
: 0 • 498,800
$0:25

j.

——:—

s,-' T '

^

Balance, surplus x.—:^

$420,868

$1,081,533

$627,991

611,055

611,055

611,055

.

X 509,213

-

:

J $4.24

1

The "company'.ori Jan. ^3-filed-a letter-of

*•

!
.

:

v'.'.

«'

.*.• "

'Other

:- ^

•

.--*r*■

Sputliern Bell Telephone

'

Period End. Nov. 30—'

V
r

r

v

1946—Month—1945

—

-

r 15,862,617

■9,404,823

3,963,949

4,296,998

-2,324,826
/ 184,344

3,760,858

-:;

"

U.

-•*'

S;

836,864
16,975,671
X 2,112,081

3,400,000

Treasury tax notes______

.Accounts re<^ivable

-^-_-x_----_-i

.Deferred-, charges

1

1946—11 Mos.—1945
$ >•'■: '•
$

1946.

'Ji

L*

'

V1

t

value

par
\i

S

$ J

1

*

**

♦

k

t

1

165,

'

,

.

1945 *

1946

»

,

ap¬

stock.—V.

common

.1,261,000

sales

Jr., President, commenting

on

;13,602,000

.the current position of

inventories,

and mon-seasonal

stated: "Substantially all of
that have been packed to date

Items

Even

though -this corporation is less -vulnerable to
many other canning companies because of
of non-seasonal items packed, Mr. Stokely em-

than

proportion

figure of $59,808,000 for the six months ended
30, 1946, should not necessarily be regarded as representing oneof the estimated sales ,for the entire fiscal year which will end

f; May 31, 1947. Mr. Stokely further stated that he expects that total
sales

for

the

fiscal

(ending

year

31,

May

1947,

will

exceed

for

sales

the previous fiscal year which amounted to $88,969,162.—V. 164, p. 3152.

Spn Oil .Go., PhiUdelphia^Chang^s in .Personnel—-v

'153,421

•4(517"2.37
'

201,666

John

$36,123,030 J3.3.434.814; $35,548,693

Glenn

(Jack)

has

Pew

elected; Vice-President

been

in

charge

of production and Francis S. Mcllhenny, Jr. as Secretary-Treasurer.
Jack -.Pew, ..who "has 'been '.associated with
oil field.-operations in

Texas, Oklahoma and Louisiana for almost 25 years, .succeeds his
father, J. Edgar Pew, who .died Nov. 22, 1946. He has been a director
of -the company
and assistant to the Vice-President in charge of
production since 1941.
•
*
'
Mr. Pew has also been elected President of the Sun Pipe .Line Co.
•
•
X :■
;.
also -been -named a director, succeeds Mr.
after serving as Secretary-Treasurer
years.—V.. 164, .p. 2591.
:
^

a subsidiary. J
Mcllhenny, who -has

(Texas),
Mr.

for

.

who

more

died

than

Nov.

40

25,

.

.

1946

45,038

LIABILITIES—

12,263,197. 142,188,542-130,332,599
v> '20,486
x 285,402
226,218

13.536,926

Net

operating

: Net' after

—V.

v

9,254,588 117,761,369

"

'

795,387

(Capital
Notes

$14,700,000 $14,700,000 $14,700,000

stock

payable

income

1,719,092.

11,370,951.

Accounts

--

payable —
Long-term bank loan

130,096,381

91,821,687

Accrued

21,361,573
>

.1,229,385

cnarges__:J^_-

165,-p.

12,242,711 141.903,140

11,512,154

Onerating revenues

Operating expenses
! Operating -taxes-.

v

983,969

1,269,031
983,205

12,770,820
9,555,802

.16,91-3,121
10,662,297

113.

taxes

LI

interest

Reserves

410,000

.11 4,154,983
3,600,000
.116,972

—------

payable
:—___T
Fed. inc. & exc. profits taxes
Dividends .declared
_
Accrued

Earned surplus

'
7,527
1,808,905
274,975
2,082,617

"8,967,057'

410,000
1,449,025
4>010,000

—,

4,920,000
2,502,281
820,000

152,051

; 274,975
1,676,880

4,410
3,438,326
274,909
1,574,731

7,590,504

7,25.7,627

3,162,197

Electric

output of this Qompany for tb© .week;ejadec}.;Jan.14, .19.47,

.coinpared with ,2,058,080 kWb. for Jbe
responding week last year, an increase of .15:6%;.—,V. 165, ,p. ,113.

totaled

>

2,380,000 kwh.,

The




Total

'■ i

'

j

$36,123,036 $33,434,814 $35,548,693
,and .$8,917,4.98in ,19,44.

depreciation ;.pf- $8,560,998 Jn ,1945

' tftepresented by 611,055 shares (no par) .—V. 164, p. 2735. - : • :>

stockholders

subscribe

.on

or

of

before

record

Feb.

Jan.

10,

16,

1947 Will be given the right to
shares of

1947, for 500,000 additional

15 .Argentine j?Qld pesos per share, on-the -basis
of one additional deposit certificate (representing bearer share certifi¬
cates.)- for each three ;heki.
The subscription price has not yet been

stock,

capital

par

"•'•'/
• '"'v '
a dividend of 40 cents per share,-the
six-quarters, payable March 1,' 1947 -to
stockholders of record Feb. 17, 1947- All shares issued and outstanding
oh- Feb. ,17, -including the new shares to .;be offered, .will be entitled
to this dividend.—V. I64;.p, 3152.> •
:

^determined.'
same

/'♦After

as

(Compania Swift Jnter-

S.A.G.) — Rights Issued to Stockholders—De¬
clares 40-Cent Dividend—

56,411

9,183

Swift International Co., Ltd.

nacional,

The

Southern Colorado Power Co.—Weekly Output—
■

J

t

fluctuations

large

Cross,

■

'

10,

on-.Sept.

■

Uncbllectible' oper. rcv._
•? t# tt.• r::' »*; «•>»."' *.,.!?•* * _N

:.i

.

137,000

telegraph <C,o.—'Earnings^

•

Operating, revenues —13,581,964;

:

.

3

Assets li—_X
of exc, profs, tax

'

j

J

cents

50

phasized that the sales

7..

,

137,000
187,440
701,566

174,000
243,263

Post-war refynds
Inventories

••

>

-r--

and

C<C, New York, N. Y>, has been

for A5

with -respect to

sold."

been

Nov.

$2.93

:

$13,370,038 $11,392,707 $10,668,174,

United'States savings bonds

notification with the-SEO

x

.

;

Aug. 31, '46 Sept. 1;'45 .Sept. 2, '44 -

♦Plapt; and ptoperty

•;'

•

shares ($1

p.-:1764;/-r-

-

«'•

par)-common stock, to be offered at $23 a share.
.Underwriter; >E. H. .Rollins and Sons lnc;, -New York-. Shares are - being
sold on behalf -of trustees under--will -of Agnes M. Llndsay.-^V, 164,
for .4,300

<

$3.54

$2.-49

previous

,$2.78-

FMer £9'> ^c.^F\l^s "with
.

the

865,662

COMPARATIVE BALANCE-SHEET

,SEC~

(

have

$1,493,653

ASSETS—-

.

seasonal

>$1,1494,051

the

,

,

Manhattan

Government

the

half
i

a

■

for

'

$59,808,000 $40,291,000

.697,872

8,5,02.113
'*•'>

$1,386,534 ; Com. shs. outstandings
. ,498,800
?'^Eari}Si';:per'; share; v—,

,

1946,

10,

agent

r" ^

W. B. Stokely,

4,409,258

1,079,291

the

""

v,

company

$2(160,824

:

;

,

the

1,099,899

i,099,899

1

„

»Including

400,000

$1,520,767

$2,593,930

*

.Cash dividends

3424.

.Southern ] Advance FaS! ;«&

Vvr

seasonal

19.45

-••1946

-

,

Profit after charges
Btate and Federal tax prov._i;^

•

.737,934

1,197,879;

;

June

on

co-transfer

^

r

^

of

Bank

136,044

■

smith Corp;:<&.Suhs.)^Earnings-

Quarter Ended Oct. 31—
'

267,037

for 'thei fiscalyear

cents

•

30,000

.400,000

209,893

400,000

-Red. 4m?ome tax

Rsd.^Xc.tRtQfs, ta* (net)

$7,166,827

50,000
100,000

-234,776
.1,711,026,

.,

,

>$9,652,630

—

prov,-for /contingencies
Interest ?paid

.

/

.SheratoiipCorp: of America—To Sell Savoy-Elaza Stock
vSee gavoyvpfaza,- "Jtnc. gbftye.—V. .164,.JP. 2590.
.
I

$4,992,857

50

*Sales

.

$6,137,630

cents

Six Months Ended Nov.'30—

,

.

share

per

with

Stokely-Van Camp, Inc.—Sales Increased^—
T

Total income

$1.18%

•--Ml
<
r->
common shares' received

;

par

37y2

pointed
J

Shenangp galley Water Co.—Tenders—
The1 Rrst^Portland:^jatlbnai

of

compared

as

Co-transfer Agent—

Total
;• $74,846,683
$73,445,835 $94,356,755 $71,168,207
CostiOf sales As 0XPS._-/.68,827,029 ,68.808,155
85,191,319
64,075,095

~

total

a

1947,

,

1946,

$74,776,208 $73,363,081 $93,745,793 $70,047,313
'70,475
82,754
.
610,962
4,120,894

The

>

$5

make

31,
-

a" dividend .of 25. cents on :
Dec. .10, 1946, while the $10 par shares outstanding prior .to the twofor-one split-up in September,/ 1946, received 50 cents on Jap. 25,

Spencer JKellogg & Sons, Inc.—Annual Report^-

^ears.,End«dr-rV';
Net; sales

will

Jan.

year.

" The

,'

ir-Shatterproof ipflass Corp., Detroit, Mich.-^-Registration
.->;.fitat©paent ^WitUdrawn-^
' 4
.

'.The (directors at a special meeting held on Dec. -26 declared a yearend.extra dividend of 50 cents per share on the $5 par value common
Stock, payable Jan. .25, L947 to holders of-record Jan. 10, 1947. .This

$1,518,413

.$2,223,862

.___

Acerged -dividends cumulative preferred stock—

;

",

•

-

;•■.

directors

as

.s

in

the

have

;-rr;

■

,

declared

preceding

'

i

f'L

■

$

^

..

II,

contract

Pacific

Taylor-Colquitt Co.—Annual Report—

;

1945

Sept'. 30— 77'j1946
Operating profit before depreciation
$539,264
Other income
—;
47,106

deduction———

deductions

Other

for

Profit

•

63,948.

tax

Income

;

42,876
>;

year—

$396,305
74,833

7

Dr5,325

to

transferred

Earned per share

Cash
u.

,

151,255

538,411

509,245

profits

tax_

Total

v.

$2,441,364

Accrued

income)

than

(other

taxes

tReserve for taxes

payroll

accrued

^Common stock (par $5 per share).
*

Capital

surplus
surplus

Earned
Total

i_.

__

,

$2,305,255

$282,000

$475,COO

167,333

77,719

'

■

■'

*

■

'

■'

.

■

.

'

-

11,676

for

268.816

268,816

943,927

$2,411,568

$2,305,255

"Q
c.
:

:

*'V'--

V

.,

7

'

' ':i;.'

-

' v'• : v';t

Liquidate-—

—V. 165, p. 115.
v.;".. -■■ .■>7'.7

'

Net

from

Net

ry.

—V.

;

RR. Co.—Tenders—
'
trustee, • 70 Broadway,
New York,
N. Y., will until noon of Jan. 27, 1947,' receive sealed
proposals for the sale to it of an amount of general mortgage gold
bonds due 1951, sufficient to exhaust $54,040-now held in the sinking
fund, at prices not to exceed 105 and interest.—-V. 163, p. 233.
Central

The

'

;

•\

Texas Mexican

Ry.—-Earnings-

'

1944

1943

$144,061

$163,194

"11,361
•51,700

74,007

.49,417

2,026,763 f ! 2,136,479

1,850,219

"

7
Net

from

Net

ry.

income

"

-

._

.

-

781,853 i

683.266

345,000

281,883
,

•Deficit.—V.

.

19,884

.2,239,680
$ 642,941

,

'

53,336

Prom January 1—

.«

■

$165,393

$190,150
67,737
52,814

railway-

oper.

1945

1946

November—

V

i

828,699

519,596

377,112

,

i>

164, p. 2964.

"Texas & New Orleans RR.- -Earningsrailway

Net

railways

from

Net

ry.

2,094,913

income—■-

oper.

1943

68,768,732 $11,458,874 $11,482,013
5,664,294
2,081,495 7 5,180,605

$8,851,383

from

1944

1945

1946

v'7 "7

November—
Gross

1,251,636

966,897

1,713,312

1,679,508

from

Gross

from

Net

railway-——

railway

ry. oper.

—

income—

93,841,188

18,837,549
13,816,743

Gross

■iNet

the

«nd
'

declared;

semi-annual

usual

a

■

W '

dividend

of

25

cents

-

■

.

.

„

ry.

1944

1943

'$99,187

Net

the
Jan. 13.

railway—____

"25,565

income—

49,605
25,706

12,809

"32,315

Transcontinental &

I—
;
railway___w

Payment
Adjust,

1, 1946.

77 r

on

of

"Net

$326,220

224,900

211,081

$90,282

$129,768

$94,304

6,996

adjustments

before deprec. & mtge. payments

14,461

principal of first mortgage-.:

accrual

for

estate

real

taxes

before

mortgage

depreciation-.'available
payments on...

4,053

.
' 7 ,
$118,719

income: bonds...

—V. 164, p. 326.

4,022

prior
•

income"

9,591

$127,346
2,422

'

and

15,266

;

12,584

S 8,417'

■;

for interest and sinking fund

5(4

;

.

1943

$373,247

.

expenses

periods

$79,843

"

Wailes-Bageman, Inc., Vernon, Calif.—Files with

SEC

Dec. 31 filed a letter of notification with the ,SEO
par) -preferred and 20,046 shares of common
stock. Preferred shares will be offered at par and the common at $1
a " share Without' underwriting.
Proceeds will be used for payment of
obligations.—V. 164, p. 998.
,
•
The company on

for

2,475

shares

($10

,

,

ry.

oper.

Years Ended
J:,;

■

Other income

285,761

213,130

(net

M

1945

141,093,779 119,174,823
333,958
311,145
;

——

Lease cancellations
Losses

inVeSfnients

3,150

•_

—

and writedowns

estate

■:>

177,169

124,734

Federal

Federal excess

280,422

127,826

real

on

and

estate

real

110,000

and surtax

Utica, N. Y*—i
and Increase

leased

3,598,729

—

for

1,750,000
2,820,000

3,530,333

invest.; in affiliated company:;

applicable income

Reserved

$2,500,000 of Preferred Stdck

2,520,000
730,000

income tax

profits tax

of

107,131
230,486

16,433

(net)

Balance

Gain on sale

.

Mohawk Cotton Mills, Inc.,

&

.——

income

after

Plans to Sell

1946

'

*.■»•>% j

y-

141,427,737 119,485,967
♦Cost of sales and selling, occupancy & admin. 132,816,120 109,809,198
752,736
Depreciation of buildings and equipment—
714,395
Prov. for contrib. to empl. retirem't pens, trust
668,000
485,000
Improvements "to leased properties^
215,719
-36,275
Total

1,289,022

39,555

3003.

p,

30—
;

Capital stock, State income and franchise taxes

1,208,653 '

138,248

164,

^ept.

y,..\

Net sales and other store income.—

Normal

income—

■Annual Report—

Walgreen Co^ (& Subs*)

'

23,858
8,563

''

11,226

1,412,5911,345,239

railway.:

"Deficit.—V.

-

year.—

v.-

-

on Jan.

ACCOUNT FOR SIX MONTHS ENDED OCT. 31

operating

Net Income

$117,239

oper.

from

yi-;:
Western Air, Inc.—Meeting Off.—
.

Jan. 1 paid lVa %'Interest on the 5% mortgage
months ended Oct. 31, 1946.
This compares

.

1945

$161,673

Utica
•

on

Net income

organization through¬

1946

from

Net

V. 164, p. 3337.
„

37,393,974
10,778,17a

for the six

Other income

FromJanuary
Gross

share on

per

capital stock, par $2, both payable Jan. 31 to holders of record
amounts were
disbursed on Jan. 31 and July 31, last

8,267,600

Total extraordinary expense8_______________.
Total interest;

Acquired Castle

$102,072

railway—-

from

from

Net

Special Distribution—
special dividend of 15 cents per share

Uke

33,482,489

8,221,818

1946

.

'cjU November

Transamerica Corp.—15-Cent
"The directors have

29,177,089

6,034,922

Total operating income__„___,_

world.

Utah Ry.—Earnings—

110,689,812 123,119,310 121,146,705
40,695,885
54,452,629 ■<61; 461;618
13,404,747
11,892,072 '23,079,731

'

.

87,084,799' 87,549,507

.

—V, 164, p. 2964.

j

734,301

695,229

.

>

$7,998,037^
3,323,413
901,774

Chi111.—Pays 1V2 % Interest—Earnings for First Six

INCOME

retains its present functions, organization and
present personnel for the production and distribution of home and
non-theatrical pictures in 16 mm. and 8 mm. silent and sound.
All
present Castle Films dealer and sales outlets throughout the world
will be maintained, it was explained,
Mr. Castle becomes-a-Vice-President and a-member of the board,
of directors of United World Films, Inc.
Harry J. Spiess, formerly
S Treasurer of Castle Films, will also becomea Vice-President and
a
member of the board oftUnited. World Films, Jnc.
Murray .Goodi'mah, SaleS Manager of Castle Films, remains in that capacity and
Don Hancock will continue as Production Manager.
*
'
'
,,'
Through the recent acquisition of the BelJ <Sc Howell Filmosound
Library and its coordinated program with the J. Arthur Rank Organi¬
sation in Great Britain, United World Films, Inc., has already launched
a
world-wide program of providing outstanding non-theatrical films
for schools, colleges and other institutions, eventually leading to the
establishment of a "film encyclopedia for the-home.M
James M. Franey is President of United World Films, Inc.
Other
Vice-Presidents are William F. Kruse, Edmund L. Dorfmann and
E. L. McEvoy.—V. 164, p. 2737.'

From January 1—

Net

73,062,457

13,503,51G

railway-,
income—

1945 and % of 1%

Castle Films Division

\

$8,069,319

2,051,311

:with iV4%.. paid on JuIy l, last, i% on Jan. l, 1946, ;lVi% on July l»

Films, and Matthew Fox, Chairman of the board of .United - World
•Films, Inc. '
'
Castle Films Division, it was further announced, will continue under
the management of Mr. Castle, maintaining all of its present functions

being formulated, for augmenting its

$6,847,253
.

84,609,282

oper.

The corporation

.

'

with plans

1943

771944

.1945

^

railway— ' 73,325,047

income bonds

United World Films, Inc., a recently organized affiliate of Universal,
succeeded to the business of Castle Films, producers and dis¬
of
home
and
non-theatrical films,
according to a joint
announcement made on Jan. 2 by Eugene W. Castle,
head of Castle

out the

;

Months—

tributors

iBank & Trust Co.,

Hanover

24,660,102
11,328,823
6,853,210

Wacker-Wabash Corp. (The Pure Oil Building),

has

Tennessee Coal, Iron &

>'

11,300,133
6,571,110

611,440

: >

164, p. 3193.

cago,

Films—

165, p. 114,

Jan. 6.—V.

8,091,548
6,554,688

.1,737,637
798,417

oper. income;
From Jan. 1—

Gross, from

1

:

593,326
27,036,248

$7,320,688
,

Net ry.

Dividend—

T;

109,959
■

7-

1946

railway!--

from

•Net from railway,

the SEC
25 cents

7': '.-7:-vf-'n

-

1,028,910

Wabash RR.—Earnings-

Total
•,

164, p. 3003.

$2,360,131

909,235

26,296,587

254,746

1943 '

7 7'

$2,456,616

•

•296,649

'
22,711,962
6,307,754
4,272,716

:ncome___

1944

1945

.

$2,238,423

,

292,064

November—
Gross

a

Universal Pictures Co., Inc.—Affiliate

oper.

"Deficit.—V,

United States Gypsum Co*—Rights to Subscribe—
common stock of record Jan. 4, shall have the right to
subscribe on or before Jan. 31, 1947, at $60 per share, for common
stock, ($20 par), to the extent of one share for each three shares held.

■

11946
.

railway
railway__

from

Holders of

a

shares In 1946 and 200,000 no par

par-

$1,750,232

income___

oper.

ry.

{■

dividend of. 15 cents per share on
the class A and class B common stocks, both payable Jan. 20 to
holders of record Jan. 15.
Distributions of 20 cents each were made
on
these issues on Jan. 2, April 1 and Oct. 1, last year, making a
total of 60 cents in 1946, as against 65 cents in 1945.—V. 164, p. 1767.
have declared

directors

no

f

from

Net

will be used to pay debts and

United States Foil Co.—To Pay Smaller

V';,"' Jan. 10 to discuss and possibly adopt such a plan of action.
An auditor's report read at the hearing established the company's
-assets at. $1,161,346 and liabilities at $2,702,485.
77t7\
Public sale of Cleveland properties of the corporation has netted
- approximately
$250,000, according to Court records, it was reported
on

-

.

railway____

From January 1—

Salida, Golo^-^ilOs' witli ^

company on Jan.

The

-reorganization plan for this corporation was ruled
out at a hearing on Jan. 7 before Carl d. Friedbolin, Federal referee
to bankruptcy at Cleveland, Ohio,-and preparations were made for
some program of liquidation of the company's holdings.
A
hearing was scheduled to be held before Judge Friedbolin on
Possibility of

from

ry.

Inc.—New Direc¬

'

2,407,729

$6,193,094

164, p. 466.

from railway

•

V a share without underwriting. Proceeds
for operation of mill and ore mining.

426,000

1944.—'V. 163, p. 695.

Taylorcraft Aviation Corp.—May
.

by 207,300

Net

3 filed a letter of notification with
250,000 shares ($1 par) class AA common to be offered at

The

102,116

1,016,418

i

■: ;■

■

SEC—

1946, $782,850 in 1945 and $813,Treasury tax notes of $175,000 in

of $827,985 in
tAfter deducting U. S.

■

■

7

5,843
245,157
426,000

426,000
268,816
-1,147,799

1946, $100,200 in 1945 and $30,030 Jh
■

-

t

57,521-;

*After depreciation

Gross

Net

i p United States Fluorspar, Inc.,

"

$2,441,364

...

$7,435,572

.

'

7

1,069,984
3,124,659

.

surplus

November—

B_.

-

"

1,952

Virginian Ry.—Earnings-

p

an

7..,;

503,706

surplus

"Represented

"

% $375,000
159,807
'vt
6,421

:

:

1944.

$2,411,568

income—:.—.;

on

11,656

13,699

7

777 liabilities—
Notes payable
Accts. payable and

136~809
404,041
>

22,930

33,173
377,204
79,714
2,500,000
701,334

credits

reserves, miscellaneous
—(net)——
_i._j.__——,

shares to 1946.—V.

Lavan has been elected a director of United Factors
affiliate.
He is General Counsel for the company and
senior
partner', in the' law firm of Stroock & Stroock & Lavan.
Mr.
Lavan .is
also
a
director of American Securities Corp.; Henry
Rose Stores, Inc.
(wholly owned affiliate of Sears, Roebuck & Co.);
United
Merchants &r. Manufacturers,
Inc.; Winter & Co., Inc., and
William Sellers & Co., Inc.—V. 164, p. 2736.
I.

Peter

Corp.,

3,304

.

-

&

Gross

tor of Affiliate—

87,500

318,653

1,202,792

and equipment
7*
Deferred charges and prepaid items 77

and

taxes

Total

personnel.—V. 160, p. 1565.

United Merchants & Manufacturers,

$143,805

assets:..—171,452

other

in amount of Federal excess

profits tax postwar
Accruals

Accrued

$93,943

$144,021

payable

Net

117,500
406,060

plant

*Property,

accounts

for conting.;

Res.

Capital
"Earned

A.

by the same local

908,677

excess

and

Investments

Current

-•Capital■ stock

United Fuel Gas Co.—Acquisition—

-1944

77

1945

1,021,982

'

refund

Postwar

117 in

"

_.

Inventories

:>

$2.01

$179,291

Savings Bonds——.—147,500
receivvable
487,244

s.

Accounts

'

'

—

._

$2.12

"■

1946
$174,380

-

"-'i'

$166,386

vv,

sheet,' sept. 30

balance

^77--777/-

7

assets—

'

$208,811

$3.12

—-

.7

.

Cr28,243 7

1,141
$267,701

surp.

——

i-.v:
"7

earned

;

and

16

Wallace, Jr., President, announces that on Jan. 1, 1947,
this company acquired the Point Pleasant Natural Gas Co.
;
Both of these companies are
subsidiaries of the Columbia Gas &
Electric Corp., and the transaction is part of a plan inaugurated by
the parent corporation, providing for a simplification of the corporate
structure of its subsidiary, companies. - The consolidation of these companies will make no difference what¬
ever in
the policy or plan of operation of the business as conducted
by Point Pleasant Natural Gas Co.
Gas service in the area will
continue under the same general management and will be directed

$171,711

$180,568

Jan.

Harry

,24,361

.

Reneg.

Amt.

fi,t

125,400

:;:,■ 33,240

■

2 $266,560

refund on 1942 Govt, contr.
Adjust, for deprec. and deplet. for
for prior years less taxes——

31,170

266,000

212,986

*

$365,135

$540,945
61,137

$586,370

'

:

;

$493,859
47,086

.

Depreciation

1944

j\|:;

LIABILITIES—

Air Transport Command on or
and ground personnel who have

operations for the
that both flight

C
been assigned to those operations during, the more than four years 7
that they have been conducted as a militay project will be available
.for the new commercial service to Hawaii.—V.' 165, p. 115.
about

Years Ended

•

Monday, January 13, 1947

FINANCIAL CHRONIcLB

THE COMMERCIAL St

256

»«-

,Jlt

future

taxes.

cost

improvements

of

properties, etc._:

Cr577,000

—

to

400,000

-k-——500,000
'

.

Common Shares—
v ,Net
profit
—
$3,675,729- $3,130,333
The meeting of stockholders, previously adjourned three times from
k; The stocxholders on Jan. 28 will vote on increasing the authorized
282,359
[ Preferred dividends
—i—
260,000
its original date of Dec. 23, again was adjourned on Jan. 6 to Jan.
capitalization from 260,000 shares of common stock without par value
Common dividends
t——
2,067,976 "2,067,976
13 at Wilmington Del.
•
to 500,000 shares, consisting of *60,000 shares of preferred stock, $50 $2.20
; Earnings- per common sharejJ-—:
$2.64"
•The meeting
had been called to approve an increase in thevau*.
par value and 440,000 shares
of common stock without par value, c
*Including in, 1946, addition, of $500,000 to reserve for inventory
1 The new preferred will be convertible and entitled to quarterly divi¬
■f thorized common stock to 3,000,000 shares from 1,000,000 shares. Ab^
losses.
''v
: *
'
sence
of the proxy for the 46 % holdings of Hughes Tool Co., conk;
dends, to be fixed by the directors.
'
'
CONSOLIDATED BALANCE SHEETS, SEPT. 30
trolled by Howard Hughes, was the reason for the adjournments^..4
The company plans to issue and sell $2,500,000 of the new convertj
ASSETS—
'
^
19461945
: ible preferred stock to finance most of the $3,100,000 estimated
cost
;
Cash
Agreement Reached With Hughes Interests—
———k——$9,503,906 $8,641,027
of completing the modernization and expansion of the company's plant J
U. S. Treasury tax notes and bonds
3,404,376
7,001,393
A convertible loan of $10,000,000 by the Hughes Tool Co. was part
fat Seneca, S. C. It is planned to manufacture Mohawk wide sheeting,!;
Accounts receivable, less reserves:
1,093.132 t, 697,900
«f a financing proposal adopted on Jan. 9 by the directors of Trans¬
sheets and pillow cases at Seneca.—V. 164,- p. 1128.
•
Inventories of merchandise
19,413,804 '14,851,753
continental & Western Air, Inc., Jack Frye, President of TWA, and,
; Prepaid rent,
insurance, taxes, etc
827,644
736,899
Howard
Hughes, the company's largest stockholder* announced.
Virginia East Coast Utilities, Inc.—Proposed Loan—.
Investments and other assets
' 1,980,559
1,016,393
It was considered probable that
the Hughes Tool Co. will have
The company,
a subsidiary of East Coast Public Service Co.;. has
certain of its nominees added to the TWA board of directors.; > No
:
—^.! 4,957,026 " 4,489,788
requested authority from the SEC to borrow $200,000 from Baltimore!; ! •Fixed assets j
Goodwill, leaseholds, leasehold.improvem'ts, etc...T > - < l'
resignations of the present board members are expected.
National Bank for a period of six months, the loan to be evidenced
VMr. Hughes had been conferring since Jan. 7 with TWA's directors
by a promissory note bearing interest at 21/a%»
The loan will be ;; ' t Total
$41,180,448 $37,435,152
>y«n plans to raise $40,000,000.
The conferences began after a two"
guaranteed by East Coast Public Service Co, . Proceeds will be used.,
week's deadlock during which he blocked, efforts .to, convene' a stockto retire Virginia's present loan of $150,000 from the same bank and- ; : LIABILITIES— ^
V%■■■",
7.:
j;'
bolders' meeting to vote on the proposal of the directors to increase
for property additions.—V. 143, p. 3015.
; Trade accounts payable
"
1—_ $5,310,397 $3,312,23a
authorized stock from 1,000,000 to 3,000,000 shares; c Previously, he
.Provision for Federal taxes on income—-—
3,705,8384,847,315
was reported
Veeder-Root Inc.-^-Earnings—
to have been advocating raising needed money through.
Accrued expenes and takes and other liabs..
3,309,577
2,268,723
Jan. 1 to
Jan. 1 to
borrowing, rather than through selling additional stock.—V. 165, p. 115.
Reserve for future cost of improvements to
•
*
«,
-

—

—

"

•

•

'

.

——

<

.

.

-

•

—

.

.

Nov.

p6rj:0d
;
.

Twin Coach Co.—20% More Coaches .Delivered—:
During December,

this company delivered

i' Earnings, of parent corporation before Federal
income taxes and provision for contingencies

120 urban type coaches,

4 according to H. C. Arnot, Vice-President in charge of sales.;, -This was
an increase of 20%
over November,
when 96 coaches were delivered,
This total, representing combined production of the company's Kent,
Ohio and Buffalo, N. Y. plants, consisted of: 40 34-passengen models;
«3 38-passenger models; 17 44-passenger dual engine models.—V. 164,
v

Provision for

150,000

contingencies--—

•,

Dividends received from

,23,360

.?->:;.v;;

important

The
Bapids,

Iowa,

.

Federal income taxes

Add to Service—
Balance, surplus
——-industrial cities of Milwaukee, ' Wis.,"' and Cedar k Dividends' pald'-.u-»«*.*.s-.«T.^.--wi-^^-^f--—

have

"

result

,

,

of

a

Civil

been

added

Areonautics

to

Board

'

United Air
decision

system as • a
down Dec. - 30,;

:

Surpius for period—

■

1
-v

Route to Honolulu in April—*

"

^

The corporation has announced that it-will open service in April
over its new 2,400-miie route between San Francisco
and Honolulu,
thus to provide one-carrier passenger, mail and cargo flights between
the Hawaiian Islands and cities all along Unlted's nation-wide system.
W.
A.
Patterson, President, said that inability to obtain proper
•equipment; has held up United from starting service to Hawaii since
the route was awarded the company on July 2, 1946.
-

,

-

Mr. .Patterson also,

.

v

U.

S.

Notes

$1,018,618
7.7,407,300

$708,211

283,381

7

$424,830
300,000

;

—.

•

_-

Fixed

$1,630,501
800,853

:

Government obligations—^———™
accounts receivable—,';,—
—

assets

(net)---.

—.———-,—

.Investments iit subsidiary
Postwar refund of fexcess

companies,, cost——
profits tax-«t.-wtrw-Bs.

855,259

-

1,863,891

_————1——-___—

Other -assets
•

$124,830

$611,318

7

Earned

,

surplus

.1,500,000

6,500,000
—

6,500,000

ll,484ill2

8,870.524

—

.

7,522,771

$41,180,448 $37,435,153

Total

. »After reserves
for depreciation of $7,021,417 in 1946 and $6,198,023
.In 1945. VtRepresented by 1,292,485 shares of no par value.—V. 164,
7B*: 3I93,;;;!<:i;;
• ;•}'!777' 7 ■-

fr

1,776,534
440,431
668*103
;

Washington Railway & Electric" Co.—Deals Appyovecl
The SEO on Jan. 2 issued an order approving Washington Railway's
proposed (a) to purchase from Washington & Rockville Railway, for
a
cash consideration of $132,500,
19,250 • shares of the outstandirig:

•7.
'

capital stock

;

COMPARATIVE BALANCE SHEET ;

and

^Inventories

pointed out .that United is terminating its trans- :h «>




»

ASSETS-k."'i-'NOV. 3, '46.
cash

;

.

$1,629,699
€11,072

Lines'

handed

bringing to 64 the number of cities certificated to be served by the
company on its coast-to-coast and Pacific Coast route. United officials
have not yet indicated how soon flights to the two cities would start.

To Operate

'■p':

2,000,000

11,484,112

(par $100)_

tCommon stock

;

^

V

United Air Lines, Inc.—To
v

leased, properties, etc.—
\% cumul. preferred stock

;

$708,211

K

subsidiary companies--

,

[ P. 3460;- ,};■

,

$1,606,330

Balance

4,45

$812,783
104,572

$1,756,330

<

;r

Nov.

3,'46

NOV.

4, '45

$939,108
•

1,011,237
314,541
1,626,145
1,649,483
411,205

7
v

.•

f

Potomac

.

proposes

to

,
7
! •
lend and advance to Braddock, from time to
in the aggregate $14,000,000)
temporarily the ^struction

time, funds in the amount (not to exceed
necessary to enable Braddock to finaiice

208,203

$3,172

$7^435,572 r $6,1^3,094

(the

holding company system of Washington Railway.

*

.

4

of Braddock Light & Power Co. -owned by Rockville

remaining 50,000 shares of the total 69,250 Shares of outstanding
capital stock of Braddock being owned by Washington Railway)' and
(b) to sell to Potomac Electric Power Co.' 69,250 shares (all of the
shares outstanding) of the capital stock of Braddock, for a cash con*
sideration of $632,500,
representing the cost of such' stock to the

facilities which will be used "priln'arily for - the Mrpose
meeting! Potomac Electric's anticipated future ^uli^iHefltS. fti Con*

of generating
Of

Volume

165- Number 4559

sideration

of

Braddock

will

promissory

payable

ea6h:ioan

notes,

bearing

oh December

I

and

execute-and

31

THE COMMERCIAL &
FINANCIAL CHRONICLE

advance,

afid

deliver«'■to

interest
of

in

the

Potomac!

amount

Electric

at the rate of 3V2 %
year.—V. 165, p. 115.

each

thereof*

Western ;Maryland

its "demand
per

Period End. Nov. 30—-

annum,

.

Operating
""Oper.

Washington Gas Light Co. (& Subs.)—Earnings—
;:

v.

12 Months Ended Nov. 30—

Operating
Operation

j-—.

Maintenance
Provision
of

\ 1946
" 1945 /
$14,660,794 $14,278,975

revenues •

1—*

9,734,616
898,905

«;

operating charges deferred because
conditions-,.,..—

war

.*/"

Net

and

excess

948,378

I..

inc.

836,798

150,600

'' J-i.■5"

$2,091,497

$2,212,701

,

16,729

rents

Prll,419

:Drl2,861

Net

ry.

$397,136

(net)

" $634,157

$4,585,229

32,720

"*[■' 207,587

$666,877

$4,792,816
2,865,002

.

income

oper.

16,107

income-,

($413,243

"

$105,966

$2,211,914

,

$1,061,520

accounts

—

2,696

_____

85,243.

i' ^

.

^

$855,098

"

l:'~'

•/l.

Washington Water Power Co.—Earnings—

:

;

,

Net rev.

rtnn

Vinp.6fn<>
income
All

fr.

tfiv
tax

;$5'S«1

^

7,;^ r

income—

oper.

fac.

^'65,039

'"$772 ,615'

142,720

lnc._l

*

;

$302,301

$3;482,634

•Extraordinary• tnon-recuMing

tax

540,015

H .' 622,518
$1,734,923

"Equally21arge; 8ains=?*mrje-made

*"

*

"

total

seat

miles :for

^

from

ini other

.1946

i^irticipation

traffic- phases

against

as.

-

SlI";;®3'tte'"EARNINGS
-November—
*
Gross'from railwav

*

$

with

r*ec
Net

"

OF

COMPANY

'1946

,

-Increases

of

were, also

reposrded

in

for this

10,600^328

-

total

-

is

r

4,516,337

434,034
total miles "flown.
the

*

»■

*

.

>"

$4,271,976

tniles marks

tons" and
r

/The

air

'increase

an

air

*

for

record

*

Net
,

just been

carried

1945,

in

a

new

522

but

a

1945

with

a

J,^

wide

mark

Of

63.44%.—V.
;;

chasm

as

development this year. Only 12 tons
were
recorded in .1946. Air freight

yeard 6284.
81.47%

1946

165,

p.

—-

-

,

c.

^The statements
elusive, haVe been

526;295
——

-

$6,263,801. ■.? credits

ooa

holders

old

the

of

common.-—V.
"

•

.«•

eltfc;.
184,

\

•

.v.

-

32,964

.

13^8

9,448

$25,302,669 $22,173,781
$17,281»I3ft

MQ;826il69:
tn"

'22,531,831- 20,764,137

f

,

i

^

of

27,501

.

to

during

reflect

the

,

k

income, for the

revised

to Income

16,505*m

45,002

27,501

$297,942

$340,315^
,>'«>
v
60,25»
.

''""V'

the

fiscal

45,123

^

fiscal

1943

years

1944

"* '

43.37*

to

1945,
to those year®-tut

allocation

year

for

'A?. oo^-P^s-Mixed-fee

1

*

'ffr v.'V*

*

'

2,181,819

^

-1,377,238

recoverable

costs

contracts,? charges

:

of

i

10,829,597

tq»

companies

in

is

it

as

alwaya
alphabetical

Alabama—Earnings—-

from

"

•

$369,104

-

~

or markets, $1,276,929; cash

ieceiv«blfe:$rbm
former

285,566

;

164, p, 3193.

334,086

..

'1943

Western Union Telegram

to

115.

^

>'?:

the

pew

good

will—at

LIABILITlES-r-Trade

arising from
companies,

guarantee

acquired

liabilities

of

$53;392; misceliaho«i%.

cost

(after

for

reserves

depreciation

cost

(less amortization
amortization of

(less

oP

of

$28,944),

on

accounts

and

provision

for

renegotiation

preferred

iJ'S"

and

wages

-

•

% from

613,125

\

dividend

stock, payable Sept. 1,
1946, $31,260;
salaries, $108,374; pair roll "taxes and
amounts
withfeftNL
$69,844; accrued interest and
miscellaneous
taxes,
$14,732; Federal and state .taxes
on
income
(estimated),• $183,230;
"mortgage payable in quarterly
installments of $3,125 each
t by real estate
(seciwcdi
having a'net carrying amount of
$323,850),, $87,309;
." mortgage
payable
(secured
by
real
estate
having a net carrying)
amount, of

4,892,030
2,097,219

..

employes^

..

$272,378)yv$45,000;

.

high

.

5%a cumulative

convertible, - preferred
common'stock (par value.
surplus, $137,543;
earned
surplus,
164, p. 998.
A'.:r;

stock, .(par value $25 per- share),
$2,500,000;
" $2 • per share), $800,000; capital

"$1,661,828;:.total, $6,851,891.—V.

communications,

-service;
-service

(less reserve - of $24,343*,
(first-ln, first-out metlmd)
insurance, $105,439; '

^

-.on
Jarii.
8
opened
speed customer-to-customer oable
service,
known as.-.-International Metered
Communications or IMCCL'vi'^"
" For the first time in the" history of written-record
new

^

■

$11,
$705,447;
^erred ,charees (P^Paid taxes, insurance, and other expenses)
$66,793; total, $6,851,891,..
y,.'■
-* - •=..

51,242

Co.--Opens IMCO Service---

" Mayor "William j? O'Pvyer i.Qt„ New_. York.
Dity
Western

1

(at cost phaat
Federal taxes oo.

of

-

-$189,001;

"

!

.

refund

receivable, investments, and deposits,
$14,754; travel ach
vances> and accounts receivable from; officers
and. employees-$4,KX);*
property, plant, and

"$464,889
174,21€

488,895,

,

in escrow

Stockholders of

accounts

"

-

for

surrender Value of life

equipment

$442,047

5,128,806
1,859,598

900,370

funds

AUG. 3r

United States
Savings bonds
claims

$560,024), $1,802,397; patents—at

3^972^

4,733,641

number of

income, $59,383;. trade accounts
receivable
j!"$li344,889; inventories—at lower of

v'V,

•

2"'. 118,329

-

x,

interest),; $58,808;

>212,590;

3,510,455

_

ASSETS—Cash, $1,139,917;

XAX: \

^railway—324,617

Deficit.—Vi

-" '•

i;
I946^'J-'*'i945^*":rVl944?"

ry. oper. income

one

alphabetical

near

,

cost

not

exact

„

iBhares of common stock;
tTom *300*000, to; 400,000
by the issuwioo*
as a. stock split-up and adjustment
of capital structure.
^additional share for each; three shares outstanding. Dividends.
years-prior to 1946 have been
adjusted on.tfeo.<
shares
outstanding at Aug. .31, 1946.
V;>.:

accrued

■

,=from'?railwayA^ia^''^;"-^»7O6l;^%l09,665
" 20,80?
"* ^35,087

Net

,u

Ihc,fiscal year1946 tlie;

CONSOLIDATED BALANCE SHEET,

.7,735,742

Net Ty. oper. mcoiUe-%1

tNet

.

'*

i^' '"**

reason*

However, they-axe always

Union's

for 4945

1047'

.

"•

,": V, From January
j. Gross from railway

express
ton
738.4 express

miles for this year were 185,152; for'last
The overall weight load factor dropped from

ton
-

447,538

over,

ton miles."' "
'freight i comparisons reflect

freight has

were

the

over

carried

306.565- express

1945-1946

.

tons

29,287

TiT
$11»
,140,246

income'

1?®on^e

•

fund,* interest

-1044

-

6,504,995

..

'November-"^
from
railway—$318,362

-

express

the

the

"

;

Gross

-.

.1102.8

to

of
.

pre^Nld

first mortgsige
shares, ($12pwr).

./''•* 56,319

<:'~yX

cargo

'total, of

*VA

——

and reconversion

182 306

-

503*537>

6^

_

arrange

*

1945

a

order, i

to

Western Ry. of

,

division
the mail tons carried dropped to 18179
figure of 3347.4.- During 1946,.; 695,323 mail .ton miles
were'flown while 1,120,184 mail ton miles* were totaled in 1945.
-?
from

Total

'A.°

-

}^peaitim^syposail^y;;:XXA<:XX^0XkA^XA}A^AhJ'^Ah

<

"

In

.'»

•

that It will

ari

3Va%

common

$6,972,402

^180 794-^

466
1,406,624

*

NOTE-—For mechanical

pMsrfc/e

i.

t:

miles, flown, with a
miles flown were

revenue

year.»-Non-revenue

; I'-**

ff.

percentage of non-revenue miles flown to total* miles
6.37."-The" statistics -for 1945 were 7,279,009 revenue miles,
non-revenue'miles resulting in 5.63%
of- non-revenue, miles

to

,

ONLY,K

1945

•

rauway^r-r«

,

675,130.'- The
flown

.»

It:

file

'»1944
• "
*19^3 V
$11,110,959 $25,269,705 $22,164,333
$17,267,Wt*

sales

otoerinr^"^^

UMier "icome

$3 886155 ~$4-4M 768

ralfway11 383'574
4,383,574

irom
from

with. 311,? - *
miles for.;

038,852,497

3945"' Revenue"'passenger"4nlles tdtal "220,597,000 for 1946 and
107,105,887 for 1945;
Non-TevehUe -passenger miles for the same "years
respectively are 3,523,000 and T,3€9,026.
These figures result. in a
passenger "load factor of 70^5%" for 1946 and 64.34% for 1945.

figure

90%

holders

i

to

Woodall Industries Inc.
(& Subs.)—Annual
Report;
31—^ ; 1946
i ' *1945 U.

2,466,586

..

"

to

-

: •

.

ffe&fc

...

an

?A379,000

>\

Fiscal Yrs.'End.
Aug.

Net

"'^T'78*534

$4,956,307

$61:?5I 'tB%S

♦Amount available for
contingent charges, i.e., capital
requirements on general
mGrtgager 4Va% income
and other
corporat

doubled scheduled2miles INet ry.
oper. income—_
total passengers carried, as compared
with21945,., yet main-.
;V.- 164, p.*3194.
operating efficiency of 96.08%. The scheduled'miles flown
v,
V
In 194Bnneffibef""00,S04^980;rtbtal
passengers number -565,794,

.

132,800

810'28.■

poration reported -that la 0.946 at-more than

tained

early date and

and

.,

flown and

"

an

structure of $1,750,000

the

whlqli

=$2,357,441

942,619

Manufacturers Trust Co.
that Wisconsin plans

notes

$l,750,800t

of

$625,41$

epurposes.

—'C.'$97^464

of

informed

was

'
00848
,,.,1,-78,534.,; " Prov. ^d'^^^-^
t
jfpr Fed. taxes on

1,303,683J

222,614 "

$829,578

Dividends' appHcable. tn pfd.-'stock fqr periQd-.<

v

by

institutions

consummation

508,800

>147,
V200

inter.'

^

controlled

upon

$1,033,247

oih"

charged to "con* ^v

exemption from competitive'
to

company stated that this is

reorganizatl®n4,

3194.

p.

an

proposed' sale

ga®,e bonds" -The
proposed

■'

msco 3in

tii-r

; Net:: Income.

'

resP®ct to its

m

a

;

,

a request for

10%

2,408,362:
971*933 *
971,933,

46,947

r struction

2,820,039

20,594,574,

3194.

p.

c^!??on 4i' ^ be allocated
stock and

$10,185,409 $21,679,887

acquisition,'
Other

5,593,329

1,539,381 >

rents

."^^^SSSLSSSr^iTs:.

Ambrf/iof

Interest

<• 937,674

^11,629 ^ 1,230,381 >;. 1.234,559 "
^
nio

404,912

.

111,157",

Net ry. oper.

'

"

4,223,956

...

.reorganization plan, at

*•-

J-—111,987

Jt.
Dr)

>f;*

19,634,962

ary^onrt Commission
amended

.

!$li400,67i:iaiki;3521635

Opels.

ry.

other

Ry.

"vvGrbss income
Intfest on1

step

$4,643,153 $41,734,624 $57,366,215
3,290,518
31,549,215
35,686,328

2,727,552

.

Tax Accruals— •''

Payroll

(net)--i,^;

i?
in;

Subs.)—Earnings—

$4,128,223

I' Ry.

Peridd Endi'Nov. 30—; M:1946—Month—1945'
1946—11 Mos.—1945
revenues;
,-Jk $1,057,158
$981,072 $12,371,563 $11,578,528

183.984

2,732,919

w;

01/«

$3,296,453

Ry,' and Tidfewatef Southern Ry.) 1946—Month—1945
1946—11 Mos.*-1945

•A

450,798

4,255,843

railway
Income—

oper.

wJit^„COnJPuny kas" fiJec*

2,989,357

(Incl. Sacramento Northern
.Period End. Nov. 30—
,

1944$1,774,404

*407,561',.

-

.

Competitive Bidding Rule—*

$6,285,810

""".29,467*

1945
$1,735,565
*151,707

461,834

466,553
•

.

bonds, T^nn^apt^!
$250,000 3 to serial

Ry. operating revenues,.
operating expenses-

^

,

p. 3194.

Western Pacific RR. (&

i

X

$617,490

—V. 164,

1946

$1,937,563
■

Wisconsin Hydro Electric Co.•Seeks Exemption From,

$5,949,885
335,925

$1,927,814

.=,
...

_

^Deficit.—"V, 164,

#

»

railway.--—u.,' 20,853,868

from
ry.

Drl72,416

Ry.—Earnings—

,••••,

railway-

Net

Cr886,428

470,015

—_

'"-l-l"-"—

incomb

$5,235,873

♦Inch amort, of defense

$1,325,113

stock—444,030

* $373,581

.'

Net ry.-oper, Income
From Jan. 1-h
..;
Gross from

4,726,000

.

-

railway^.—

.longer be

886,801

;

from

Net from

$9,961,873

$4,057,994
Cr660,307
J3rl33,072

293,296

Operating

her

*

'

307,277

Net income

;

$7,629,994
3,572,000

November—
Gross

Net

Dr787;<

deducts,; incl. special charge1,046,706

164, P. 3193.'V

$532,306
Crll4,712

Fixedcharges——

,

f

$339,003
Cr69,552

Other income.———

:•

Balance

facil.

Gross

•>"* Net

-V.

""

927,813

income$2,108,226

income
Dividends on preferred

227,000

615,940

—'•

,' Gross
Int. and other

$759,306

285,000

Operating income,
L
Equipment rents—

.

856,785

f

profits taxes„_

operating revenues————————i—
income.

'.$624,003

i

43,813

:

Fed.

for

revenue-

;

Joint

General taxes

Other

886,783

,

Depreciation
Prov.

8,735,140
•;

for

oper.

Taxes

Wisconsin Central

1946—Month—1945
1946—11 Mos.—1945
$2,538,918
$2,575,828 $29,144,904 $31,662,568
1,964,915
1,816,522
21,514,910
21,700,695

r^vehues'__l-

expenses———:

,; Net

'

•

Ry.—November Earnings—

permits
the
permits.-^ the businessman in New York
having * a * •> + (P'W) Woolwnrth
his office to correspond
fin1
T)o/>omkoi- q0i0„ T»,r.».^oa«url
directly- over - a submarine cable -"
j-a.-with a businessman in
with
-iq nA
>
^
*
Sales, Increaseo*
London whose office i« similarlv couinnpd
Period End. Dec. 31— ; • 1946—Month—1945
' 1946—12 Mos.—1945
office is
■
Itf.t)/o
>
similarly equipped.
.<
'
'
•VV-. ; $
Through an adaptation of the Varioplex
$
system, invented by Western
Period End. Dec. 31— I
Union engineers and used
Retail -sales^i.^—
7 634.000
1946—Month—1945
during the war by the United States and
4,695,000 58,592,000 31,414,000
1946—12 Mos.—1945 ;
British
Governments,
Wholesale sales—
this first
4,358,000
direct
2,553,000
49,036,000
:: $
27,396,000
customer-to-customer cable
Sales-v»"—
service was made possible.
'
86,093,208
71,751,196 552,355,364 477,131,870U
\
>
—V. 164, p. 3194.
=
Known as "metered" service because
Combined sales
an automatic
7,248,000*107,628,000 58,810,000
—'" 11,992,000
meter connected
with the circuit registers the
number of characters
Retail units in
transmitted by
operation at Dec. 31, 1946, were
243, compared
the operators at each customer's
Zenith Radio Corp. (&
with 235 last year, and wholesale accounts were
office, the service is on a
1,696 and 1,515, re¬
monthly
basis at the rate, of two cents
per character.—V. 164, p. 3338.
^
6 Mos.. End. Oct; 31—
spectively.—V. 164, p. 3193. "
1946
1945
%
1944
1943.
tOperating profit——.

•Western -Auto Supply Co.—December Sales
ucsiciu xsu.
*»f
J

Up 65.5% ""teleprinter

m

December

.

...

...

.

.

,

(

.

^

^

,

B1K

.

Subs.)—Earnings—

„

.

^

Western Light &

•

Telephone Co,-~-Earnings-~

11 Mouths Ended Nov. 30—

>.

>

.' '

•

The

Net

operating

incoir

$984,307

Interest

•

$989,684
and

other

available

deductions.

r"

/

Dividends

on

dividends-

$810,142

173,646

Balance

-1

.;

•Including
p. 2738.

for

provision

—$636,495
" $636,495
for

income;taxes

-

"*■

,

Ruled Unconstitutional

"
1

-

Holding
Petrillo"

tional,
t

the
law

so-called
to

be

"Anti-

unconstitu¬

Federal

Judge Walter
La Buy at Chicago dismissed

s'Dec.

J.
on

2

governmental charges of
"violation of the Lea Act, its more
formal
C.

title,

Petrillo,

filed

against James
President
of
the

American Federation of

$672,034
„

211,411

$460,623
164,

f "

Gross

■

V';

pel broadcasters to hire

Net

from

ry.- oper;

more

em¬

per¬

.

La Buy,
advices, said:

"The court holds that the
ute here involved in the

stat¬

applica¬
sought to be made vio¬

the

cause

of indefiniteness and

Amendment

its

!'
Net

263,382

,

.

-

:

sification

3,289,234

*
•

,

•

"

23,091,768

♦Loss,

be¬

uncer¬

a

crim¬

the

First

restriction

1943

t

263,466

Zero

9,798,159

mon

common

Woll, United

States

prosecuted
action against Petrillo.
\

the
.

'

Wilson Resigns as
Chief of U. S. Secret Service
Frank J,
Wilsony Chief of the
United States Secret Service
since
1936, and for 26 years a Treasury

guished

com.

share

career

has

'■)

■

'

■

1»

,

;"3,466,390>
■

for

$90,049

Nil

After'depreciation,

but

excise

stocks

i

'

i

taxes

and

Foods
19

2,072,78?

$2.92

«f

!

.

ni

MI

%

.

164,

Co.,

filed

p.

reserves

(including

1%

2593.

Inc.,

with

ift

Bremerton,

Wash«-

letter of notification with the
SEC'
5% cumulative preferred
and 200 shares of
.rom.*.
be offered
at. $100 a
preferred share and $250 a
without
underwriting. Proceeds will be used fcr wfcp-*Y
business.
•' =.
•"
.= • >:■>>v. 'iv ., .

the

a

.

Depart¬

Wilson has been

on

temporary de¬

tail to the Office of Chief
Coordi¬
nator of
as

Enforcement, serving first
Assistant to Elmer L.
Irey, the

Coordinator; and since Mr. Irey's
recent
retirement, as Acting Cc*~
ordinator. Mr. Maloney has been.
Acting Chief of the Secret Service'
during
Chief

to succeed Mr. Wilson. Mr.
Wilson

Chief

period.
be

60

when

Revenue.

In

Mr.

1,

The

retiring?
old next

years

May.

began his Treasury career in 1920
he was appointed Special
Agent of the Intelligence Unit,

this
will

•

•

Maloney, who will become
of

1947,

the
was




■■

$2.64*

will

contributed

Internal

•

^ C'li/-.',.

share

At the
same
time, Secretary
Snyder announced that James J.
Maloney, Assistant Chief of the
Service, is being appointed Chief

of

,

price reduction and
renegotiation on w**
provision for Federal taxes,
JOn 492,464 share*

greatly to
enforcement, not only of those
laws within the
jurisdiction of the
Treasury, but to the cause of law
enforcement generally." • " •

Bureau

"

.

$1,437,722 ? $1,300,121:

$0.19

-

voluntary

before

Frozen

vestment

ment

'■

*$649,649

The company on Dec.
for 1,94.0 shares of

3,551,555

other

279,113
'

"■"""

*

Files With SEC-

24,362,065

employers

•

:

$1,795,107
533,293

2,991,489

.between

■

capital stock outstanding.—V.

23,112,281
8,266,994

Judge La Buy's ruling will be
directly to the United
Supreme Court, according
Albert

4"

of

»"•"
—

reserves

4,910,279

States
J.

v.

1

appealed
to

Crl,549,304
V-, ■'

$4,904,112 ;'$3,372,908^«

V

.

2,664,251

and employees
and as to
communication industries."

"

1944

f "

"

as

/

:•

.

$369,162

profits

.

X

tEarnsvper

Jtjq ,.v.-

exc.

profit

contracts)

$2,070,125
771,331
j
227,288

Attorney, "who

v

lates

income.^u

164, Pi 3460.

""x""
opinion, Judge
according to the same

>

$1,695,738
324,104

382,914

January 1—1 "" " *
railway.—
19,516,483
Net from railway.—— '"'
4,837,463

of

"v 1945

$1,868,017

From

form actual services.":: ":
In an eight-page

by

1946

railway

railway^—552,159

Net. ry. oper, income—
>

ployees than they "needed to

Fifth

,'V

&

Secret

Service

Jan.

appointed Assistant

Chief two years ago upon the re¬
tirement of the late Joseph E.

accused'of violating the act
by upon freedom of
September, 1936 he was trans¬
speech by peace¬ Department
calling a strike at a Chicago radio
law enforcement offi¬ ferred
from
ful
Special
Agent
in Murphy. He is 50 years ; old, a
picketing; violates the Fifth cer, will retire on
" station in support of a demand
Dec. 31. Secre¬ Charge,
and Thirteenth
Intelligence Unit, at native of Binghamton, N. Y., and
amendments by its tary
for
hiring '.additional ' musicians
Snyder, in announcing his Cleveland, Ohio, to
restriction upon
Acting Chief for 12 years before his appoints
employment of approval of the Chief's
whom the station
contended were
request of the Secret Service, and he was ment in 1931 to the Secret
labor;- and
violates- the
Serv¬
Fifth for retirement on
>, unnecessary. The law was enacted
Dec. 10 said:
appointed Chief January 1, 1937. ice, was a law enforcement
Amendment by an
officer"
arbitrary clas¬
"Mr. Wilson's long and distin¬
Since May of thisyear, Chief in southern New York State.
■

•

from

from

*-r—V.

Amendment

bee^ ap¬

stock, series A,
cumulative preferred stock, series
B, $100 parj—

". November—

Gross

Musicians, tainty in the definition
" AFL, Associate Press
Chicago ad¬ inal
offense; violates
vices stated. Mr.
Petrillo had been

qm

has

inc.

taxes

1945

227,441

depreciation.--V;

tion here

the City of New York
cumulative preferred

Wheeling & Lake Erie Ry.—Earnings—

by Congress last spring to prohibit
compelling or attempting to com¬

Anti-Petrillo Act
-.it,--

and

of

3V2%

_

8,02?

$899,477

179.541",

preferred stocks.

Bank

the

164, p. 3338.

Net
Net

National

registrar of
and 3.80%

par,

" $891,449

.5,377

Gross

Chase

pointed
$100

;?

V.

Non-operating income

Fed.

Westinghouse Electric Corp.—Registrar-

,

}9,\5aAr>

,

Operating-revenues
•Operating expenses<tf0

-

.

*$2,198,953

.

" '

COMMERCIAL & FINANCIAL

THE

258

99115634— * .—
•

Gross and lie! Earnings of

United States
Railroads for the Month of September

earnings were the third highest recorded in the
current year, and the net earnings were less than in January, July
and August.
5
; ;
The gross earnings for the month of September totaled $660,401,991, which was $18,476,865 less, than in September last year, and
equivalent to a 2.72% decrease. Operating expenses were also less
than in the preceding September. For the current year they were

%

Amount

Operating

(Net

560

—

18,476,865

620,967,538

91,169,039

(80.22% )

(91.47% )

to earnings—

.

$57,911,318

$130,603,492 ~

earnings

.

regions

came

by the New; England

from a low of 1.60%

The. decreases ranged

earnings,
there

one

The Northwestern and Great Lakes regions
with advances of 28.73% arid 4.99%

ing table is presented a complete picture of

"

District and Region

*

.

footnote appended

P%0,il946'

i Eastern District—

Great Lakes

Total

23,276,709

Southern
" ,.l

*****

wwr

1918—

1919—-

+

>

+

84,791,183

^86,887^839^

:

"34,968^960

t*

118,758,985

119,760,143 Y

•?

3,097,814

+

1932—

;.+.

1,001,158

+

19.84

-

5.12

79,200,523

83,470,720

142,371,140

164,880,613

22,509,473

-13.65

53,429,494

59,444,961

6,015,467

-10.12

Northwestern region

(16 roads)—
Central Western region (14 rds.)
Southwestern region (20 roads)—-

roads)_^—„1

all districts (129 roads)-.

^Total,

307,796,294

660,401,991

;

32,795,137

678,878,856

275,001,157

Total (50

.18,476,865

-Net

District and

Region—
Yy;.Y YYyYY-^-Mileage—•l••

Inc.

1945

< + ) or Dec. (—)

'

"

$

2.72

Earnings%

$

1946

1945

-6,541

3,617,738

4,741,184

—

14,074,472

+

669,018

+

4.99

—

712,583

—

2.94

Eastern District—
New

Y; 1946

5

—10.65
—

-

$

,

-

1,123,446

■

—23.70

region

25,429

6,563
25,555

Cent. East'n region

23,880

23,880

23,555,568

13,405,454
24,268,151

55,850

55,999

41,247,778

42,414,789

1,167,011—2.75

England region

Great Lakes

Total

.

Southern District—

1,387,113

8.67

Southern region—*
Pocahontas region-

37,231

37,319
6,Q14

14,617,852

,6,042

11,542,306

16,004,965
6,500,578

5,041,728

477.56

Total —1—

43,273

43,333

26,160,158

22,505,543

3,654,615

.+ 16.24

_

^

>>v.

-

,-Western District—

'

Northwest'n'regionL
Cent. West'n region

.45,587
54,512

45,675
54,663

Southwest'n

28,473

:

21,397,103

.

-

Total —;—* 128,572 129,923

,

63,195,556

:

16,632,409

♦7,009,014

4,774,769

+

•40,263,757

12,005,077

+

16,622,334

29,793,376

28,585

region

—

—17.59

242,341

243,322

—117,073,774

—25.08

242,815

242,593

77,612,781
23,446,244
16,643,258

—22.20

242,292

242,143

8.62

240,992
238,977

239,904

5.70

31,408,547

+ 11.41

237,431

238,819

+ 16.34

236,686

236,918

lint and

1.68

235,304

235,886

on

—11.13

234,423

235,308

+ 18.13

233,378

234,236

0.37

232,708

233,373

+ 27.99

+ 11.28

232,110
230,532
229,218

232,137
230,442

2.93

+28.73

70,057,133

50,080,594

Total, all dists,- 227,695 228,255
""Deficit.

.

x-,

Y :• Y

,

6,005,266:.'

58,381,250

—

i

,

% New England
__

New

,

1937—

line

a

from

and

line

a

Chicago

through

"

89,398,733

thence to the southwestern

vO; fit? IBOUtj3.,.;Y.*-";•

''/'V

-[

St.

•

V;'*

corner

^:

Southern

Ohio

the

Region—Comprises
River to

point

123.785,757

of

east

114,280.071

a

'•

+

Region—Comprises

...•

.

the section

'

adjoining Canada lying

west of the

north of a line from Chicago to Omaha and thence to Portland,
the Columbia River to the Pacific.
Y-.Y Y Y
Region—Comprises the section south of the Northwestern Region
Chicago to Peoria and thence to St. Louis, and north of a line
to Kansas City and thence to EL Paso and by the Mexican boundary
'
"
•

Central Western
west of
from St.

to

a

line from

Louis

the Pacific.

Southwestern

Boutn of St.
and

Louis

Region—Comprises the section lying between the Mississippi River
and a line from St. Louis to Kansas City and thence to El Paso,

by the Rio Grande to the Gulf of Mexico.




cotton

—24.12

18,026,891:

L

193,233,706

13,799.429:

178,647,780
178.800.939

183,486,079
147,379,100

55,161,214

92,153,547
83,092,822
92,720,463

11,129,616

1

90,537,737

40.76

11.32
+ 8.48
t

36,255,079 £

277,964,935

-

j

57,984,402
130,603,492

active

vember, 1945.

'

9.83

—

+

20,938,789

—22.58

,

f

16,564,585

+22.88

•7,480.143

129,871,715

—

+

+

r—

54,296,709

121,348,284
A,
378,395

176,739,349

+

298,087,633
298.501.103

—

57,911,318

of the Philippines,'
reported;
to have stated in course of;

Rddre^^:ori^•.ltov.^0v.4tot^•e;:bRVfi^•^
an
agreement with the United^
,

States

•; +44.35
-.

+ 68.66
+

—

20,536.168

0.13
6.88

—79.14

—219,980,533
+
72,692,174

277,964,935

5.76

+

riianufacturing industries increased to

*

v

Says

President Manuel Acuna Hoxas,;

13.39

19,749,522''» ++22.21
7.57
8,226,506
9.82
9,859,213
+ 43.44
39,328,587.

+

Roxas

—37.43

125.52

Earnings Rise in Sept. labor Dept. Reports
Weekly earnings in

Have Bases,

U. S. to

—19.74

v

9,060,608

122,441,917
V

21,524,396

.

90,543,128

176.738,626

tober,

7.13

•r-

;+: 0.86
1,711,331 •'
^••+vl>46
2,612,246

100,396,950
;

were

+

14,996,918

72,390,908

88,955,403

298,087,633
298,466.028

$45.10

permitting her to establish '
(Manila) for the raut

here

bases

tuapriefense ©tour two countries,".'
although ho ahnouncoment to,
effect had previously been made, ;
in Washington or Manila^
according to Associated Press rid+'•
vices from the Philippine Islands.' i
On Dec. 2, the same advices con-*
tinued, Mr. Roxas, amplified his'
earlier statement by explaining
that;. while " it was agreed that
bases iwould he established, the
either

$4 above a year ago, according to pre¬
liminary estimates released by the Bureau of Labor Statistics re* question of their exact locations^
is ?tilpundef riegotiatiQp.vThe Aa^v
cently. Retail prices of consumers goods rose about 13% over the
spciated Press added:
V
same period,
|
,
"From high United States Army
The Labor Bureau's announcement added:
advisory sources it was learned
present bases at the;
The rise in weekly earnings, evidenced in both the heavy and that the
mouth of the Pasig River and at '
light industries, reflects an .average increase in hourly earnings of
other strategic points along the'
13 lk cents over the year which more than offset the effect in weekly
waterfront and in. metropolitan'
ManUa are not necessarily perma» j
earnings of^^ hour reduction in ther:aveTa|e Workweelc.
nent.
'
a■l'.'X.':.5'-l'-'
Preliminary averages for September are as follows;

in

September 1946, more than

.

"President Roxas said that the

Hourly

—-

Durahle

matter of base sites

*

U2.3
119.7"

104.7

40.2
Final figures for August show that 18 of the 20 major manufac¬
turing groups had higher average hourly earnings than in July.
42.15

^

,

the^ dominant factor in effecting
while the payment of prenrium" rates for a large?, number

Additional wage rate increases, were
these

gains

of overtime hours was a
•

Average hours

40.4 in^^ August, the

Great Lakes Region,

and by

9.53

10.41

k +22.34

30.137.287:;:

cotton
November, .
compares with 21,753,942
spindles active during Oc¬
1946, and with 21,136,373 '
cotton spindles during No¬

which

+

+

•

spindles active during

2.79

—16.08

'

public storage jmd

1945.
There

+

159,216,004
176,936,230

,

30

'

8,905,693
11,372,524

+

109.232.938

On hand in"

6.22

+

.

on

gt' coippresses on Nov. 30, 1946+;
there were 6,212,240 bales of lint ■
and 60,507 bales of linters/ whiclv ;
compares with. 5,887,999 bales of *
lint and 45,412 bales of linters on
Oct. 31 and 10,613,299 bales of lint:
a nd: 50,444 balekof linters oh
vi «,

19.90

—i

3,190,550
18,828,861 :

—'

117,131,459

'M 93,423,391

122,391,572

1943—

i.Y'".

of

Northwestern Region—Comprises

,

Mississippi River

the

the section east of the Mississippi River and south
Kenova, W. Va., and a line thence following the

WESTERN DISTRICT
.

and

.•

'

+

0.82

+
•

2,105,694 bales of;

consuming establish¬

Oct. 31, 1945.

—

Nondurable

near

by the Potomac River tp its mouth.

—

-

'Nov. 30, 1946,; which ;
compatcs with; 2,618,941 bales of
lint and159,10& bales of linters ony>
Oct. 31, and 2,204,910 bales of lint,
and 258,412 bales of linters Ah

+ 11.24

<

40.1
40.0

the southern boundary of Virginia to the Atlantic.
the section north of the southern boundary-of
Kentucky and the Ohio River north to Parkersburg, W, Va.. and
line from Parkersburg to the southwestern corner of Maryland and thence

Pocahontas

+

12,572,543
7,699.654

J$45.10
47.95;

boundary of Kentucky and

eastern

Virginia,
south

a

5.20

18,546,361

+

129,871,715

1940—1

of Maryland and by the Potomac River

'•••A

6.64

—

72,692,174 +125.52

+

t-

Louis

1.48

+

(cents)

■

to

+

748,914

+

.N©-

199,247, bales of linters

hand in

ments

Earnings

SOUTHERN DISTRICT

'*i
,*

Peoria

+ V

93,181,915

•

4.36

—

•.

,

111.875,296

.

;

+ 15.84

$12,505,314
4,116,532
+
1,321,815 i
+
6,035,612
5,153,067

+

—

V00,842,946
98,000,260
91,274,033

1,

|

Decrease (—)

94,307,971

Hours

and north of the Ohio River to Parkersburg, W. Va.,

Ohio, River,

Year

$78,939,440

Weekly

®rea* ^akes Begion—Comprises the section on the Canadian, boundary between
England and the westerly shore of Lake Michigan to Chicago, and north of .a-line
'
*
,
©f

Increase (+) or

Preceding

-

ago.
k'kT:' ■
There were

228,255

Weekly

EASTERN DISTRICT
Region—Comprises the New England States.

the mouth of the

to

228,615

Earnings

-.Central Eastern Region—Comprises the section south of the Great Lakes Region
east

.18,476,865

70,204,570

from Chicago, via Pittsburgh to New York.
■

229,050

228.494

227,695

;

1

All Manufacturing

r

_

228,551

+

y;, :Yr/Y-v-Y'Y Y ^

Y:

232,749

2.72

+

ending

of linters, which: compares
2,941,881 bales of lint and
,331,352 bales of linters in the
corresponding period of a year

—15.02
—

'■*

';•'

bales

•

—27.82

grouping of. the roads conforms to the classification of the<Interstate
Commission, and the following indicates the confines of the different

and regions:

groups

+ 42.71

4,627,332

57,911,318

130,603,492

+

1,426,422
106,947,169
+ 208,817,153
+
78,746,806
+ 22,741,652
—120,051,247
+

/

with

240,563

- —

note—Our

commerce

V

■

+

40,346,921

"

■

+
—

88,910,238
,108*659,760
100,31*5,949 t > 108,622,455

1946—

15

241,447

99,634,540

29,046,959

1941—

4,270,197

239,499

241,704

37,441,385

1942—_

^Western District—;
;

237,854

240,693

—

-'-.

.

consumption was
3,482,650 bales of lint and 344,8J2

235,977

238,814

+

9,812,986

+

91,858,924
134,911,897

:

v

months

4

236,587' vember
30, cotton

236,779

147,231,000
02,217,886
i 83,092,939
94,222,438
71,781,674

193L-

9,72

„

'

1.76

—

.liutcrs ;in

the

In

1.77

9,980,689

181.413.185

1930

**.2,09W58>'*—i ^2.41

+

31,871,146-

'

24,192,009
26,058,156

4.28

■

180,359,111

1928—

+ 5.28

236,752

+

179.434.277

1926

13,317,114

235,640

■T. 4.51

-1945.'

236,525

^235,178

120,428,552

177,242,895
191,933,148

1925_„.

378,032
— 1.60
7.977,658
J340
5,717,488: + 4.40

+

235,205

235,611

arid

October

of lint; and 83,869
: Novembofi

bales
of

4.42

165.049.184 *

1936—

roads)

(27

98,603,683
130,065,153

'

8.91
0.94

+

24,381,004

—

129,300,309

1923**—

<

region ,(23 roads)—
regionJ~<4 roads)—— *
V
JW
V ';/ > • v'$m

"

Total

-

..

—'

?®5^40,69t:LL^?52,323,577

roads)—

(52

23,654,741

106,581,341
135,782,641

Southern District—

<

92,847,193
92,022,947
111.728.276
124,447,839
116,086,103
117,470,621
98,302.598
102,329,084
120,604,462
01,381,593

1929—.

<23 roads)-!

region

Pocahontas
■

96,878,558

1917—

(+) or Dec. ( —)

0.35

'1,723,772
44,549,658

L: 90,720,548

,«i m fn* •* m

1916—

$»

.

Central Eastern region (19 roads)

,

■

region (10 roads)—

New England

Gross Earnings
1945
Inc.

-

bales

...

1915—

OP SEPTEMBER \

SUMMARY BY GROUPS—MONTH

.

234,559

5,116,223

$91,444,754
1 90,191,439

1924—L

,

743,225

235,155
235,280

776,487,330
799,228,982
678,878,856

1914—

thereto.
*

23.68

—19.55

322,055,751
380,437,002
382.028.588
488,975,758
697,792,911

1913—

these results. The group¬

ing of the districts and regions is explained in the

113,783,775

in

linters

of

;

lint and 79,244

of

931,229. bales
bales

362,454,728

1912

Southwestern region. In the following

Of 27.82% was recorded by the

36.16.

224,922

+

-Year Given

1911—

respectively. The largest decrease

+

-Net Earnings-

1910—

followed in that order

243,027
232,349

——.

1909—

with 77.56 %.

247,466

245,148

232,378

+

v of.

Of the remaining

deficit of $40,263,757 in net last year.

was a

regions the Pocahontas again showed the greatest gain

248,156

10.24

amounted

877,461 bales of lint and 82,321
bales of linters as compared with

226.955

Month

region came up with the largest gain in net
of $70,057,133. However,' this is due to the fact that

+ 13.10
+

1946,j cotton consumed
to

232,772

356,449,463

660,401,991

243,463

239,050

232,186

275,158,450
306,552,878

679,177,735

+

+ : 1.90

+

566,461,331
466,895.312
349,662,649
272,059,765
291,772,770

*———,—

946^5™--^—^:

that this latter

note

——

———

238,698

6.43" 245,132

7.88

—120,753,579

564,421,630
556,003,668

776,539,717
944C._L»*,**-ri—799,228,982

It is interesting to

region to the Central Western region's 13.65%.

—

235,140

4.50^ 242,386

9,252,922

590,102,143

380,437,001
381,863,424
941
488,975i,757
942—697,792,911

and. 4.40% respectively.

with: increases of 8.10%

up

—

564,043,987
554,440,941
565,816,654
466,826,791
349,821,538
272,049,868
295,506,009

939—*.—*————

The Great Lakes and Centra}. Eastern

by the Pocahontas region.

—

226,526

237,591
3.56*.242,097

0.02"

+
+

33,901,638
129,367,931

+

540.062.587 •, +
564,756,924

940iu——-—w-*>^

of 9.72 % being once again indicated

tember with the largest increase

—-

+

229,161

230,918

+
»>

12,857,844
17,783,141
38,555,541

544,970,083

934—275,129,512
935—!*_*_*_***--.. 306,566,997
936—" 356,633,472
937—._***—r—
362,454,729
938———————
322,107,807

regions showed increases over last Sep¬

In gross earnings three

—"

933———

;
J A geographical subdivision of these totals will indicate how much
the-various districts and regions cpntributed to the consolidated fig¬

ures.

111999237458—
931

2.72
—14.68

' 72,692,174 +125.52

+ ;

539,853,860
564,443,591
588,948,933

930—

0.25

—

529,798,499

expenses

Ratio of expenses

228,255
$678,878,856

r

.

earnings

Gross

227,695

$660,401,991

Mileage of 129. roads_*___.,

496,784,097

498,702,275

923—544,270,233

(—

Inc. ( + ) or Dec.

1945

9194203—
921.

higher than last September, which represents the greatest
percentage increase in net earnings of any month of the current year
when compared with its corresponding month of 1945. These results
aire shown in tabular form in the appended table:
\
1946

594,192,321"

922—L

125.52%

September-

——

217,277

12.11

+

39,801

285,850,745
276,458,199
294,333,449
330,978,448
357,772,850
485,870,475
480,408,546
617,537,676
496,978,503
499,720,575

220,205
233,428

4.1fr

+

report *

showing

Preced'g

Given

(—)

Washing¬

issued its

17

Dec.

on

cotton consumed in the
United States, cotton on hand and
active
cotton
spindles
in the*
month of November.
'
In
the
month
of November,

Year

•Year

(+ ) or

19,891,032
9,805,231

275,244,811

285,050,042

— —

920—;

$529,798,499 as compared to $620,967,538 in September, 1945,, a de¬
crease of 14.68%.
The net earnings of $130,603,492 were therefore

+

ton

-Mlleage-

$10,148,617
25,593,110

+

—

272,992,901
294,241,340
332,888,990
917—1———^364,880,086
918—487,140.781
919—*__«
495,123,397

,

l

(

Dec.

Preceding

Given-

$252,711,515 $242,562,898
211,281,315
910
236,874,425
249,014,235
911—249,054,036
252,318,597
912
272,209,629

909

The gross

Month of

Inc.

..v Year

:-■ 'i'CYear

Sept.

gross

months.

9922345678—
of

The Census Bureau at

-Gross Earnlngs-

Month
?

earnings.

Consumption:

Oct. Cotton

sumfharies back to

furnish the September

1909, for both the gross and net

and net earnings of the United States railroads were
less in the month of September than in either of the two preceding
The

In* the following we

13; 1947

^Monday, January

CHRONICLE

contributing factor.

worked

per

,

>

:-

weefc; -in ^ riianufapturlng

dureblevanA hicai^rahl^^^g^

.

.

"

increased to

still was under

by the ;vtwcrs go^vernments^
although Agreement had : been
reached on the basic principle of

study

permitting: the

t

United States .to
Philippines
defense of both

establish bases in the
for

the

mutual

countries..
i.

::•;.•?;

"Under one American

'.;,•?
plan,. unr

agreeable to Mr?i
mountainous Mariveles
area
of Bataan ; would bev con¬
verted into an atomic bomb-proof

derstood. to be.
Roxas, the

base with extensive underground5
installations. •.^ •. V.:.;; I ••;;

Authorization for such a base

workweek./ ThiS' is the first time this year that would necessarily have to come
from the United States Congress
the average hours worked in the; durable: goods group has been as i°hg.
and r its cost, rwouid l run- in v the
I as. in the nondurable and is th© first Unie in, four, months that the
neighborhood of a" billion; dollars;
average for the heavy industries has been over the 40 hour.mark. The
Mariveles area would be
The lengthening of the workweek in the durable goods group in¬ leased to the U. B. for 100 years.!
-'
"Spine American officers, how*
dicates that some of the reconversion ^ifficulties and materiai short-.
ever, > favor pulling out
of the
ages have been ironed out.-:y'•. ;........•'-.;.•,v
,
Philippines entirely and building
l
■
Weekly earnings in all major • manufacturing - groups averaged entirely new atom bomb-proof in^
stallations in the Western Pacific
over $34 in August with only five groups averaging less than $40. Of
islands, where there would be no
the 20 major groups nine (lumber," furniture, stone, textiles, apparel,
question of their authority or -ju-.
food, tobacco, paper, and printing)-had^ weekly earnings which set risdiction.".
new high points.
.■
-J•. Am•*:
^'-.'0
■>
?\~
eraging the same

■

259

State and

W*.

City Department

BOND PROPOSALS AND NEGOTIATIONS
Nuveen & Co., and Paine, Webber,
CALIFORNIA
Jackson & Curtis, both of Chicago,
Angeles County Sch. Diets.
jointly, at a net interest cost of
Alabama (State of) .
(P. O. Los Angeles), Calif,
3,06%,' a price of 100.204, as fol¬
".
Bond Offering — C. E. Sauls, >
Bond Sale — The " $1,355,000
lows: for $144,000 maturing $6,000
Director/ of the Department of
Inglewood- City School
District
Jan. 1, 1950 to 1973, as 3s, and
LState Docks, and .Terminals, will
bonds offered for sale on Jan. 7—•
$30,OOQmaturing $6,000 Jan. 1, 1974
receive sealed bids until noon oh
v. 164, p: 3004—were awarded to
to 1978, as 314s
Interest payable
Feb. 5, for the purchase of $3,000,the 4 syndicate
composed of the J-J. Dated Jan.
1, 1947. Denom.
©00 State Docks expansion bonds.
Bank of America National Trust
$1,0Q0., ' T
ADated Feb.- 1,- 1947. Denomination
& Savings Association,"" Blyth &
.$1,000. These bonds are due Feb. Co., Weeden &
Co., all of San Tulare Local Hospital Dist. (P. O,
.1, as follows: $75,000 in 1948, $76,- Francisco, and the William R.
Tulare), Calif,
.000 in 1949, $78,000 in 1950, $80,Bond Sale
The $480,000 hos¬
Staats Co., of Los Angeles, as 2s,
©00 in 1951, $81,000 in 1952, $83,- at a
price of 100.675, a basis of pital construction bonds offered
*000 in 1953, $84,000 in 1954, $86,- about 1.93%. Dated Feb. 1, 1947. for sale on Jan. 6—v. 164, p. 3339
©00 in 1955, $88,000 in 1956, $90,■were
awarded to the Bank of
Denomination $1,000. These bonds
©00 in 1957, $91,000 in 1958, $93,are due Feb.
l,;in 1949 to 1968. America National Trust & Savings
©00 in 1959, $95,000 in 1960, $97,Association, of San Francisco, as
Interest payable F-A. 'V
*
000 in 1961, $99,000 in 1962, $101,The following school bonds 214s, at a price of 101.63, a basis
©00 in 1963, $103,000 in 1964, $105,amounting to $575,000, also offered of about 2.06%, Dated Jan. 1, 1947,
©00 in 1965, $107,000 in 1966, $109,for sale on Jan. 7—v. 164, p. 3004 Denomination $1,000. These bonds
©00 in 1967, $111,000 in 1968, $114,•were
awarded to the Bank of are due Jan. 1, in 1948 to 1968.
000 in 1969, $116,000 in 1970, $118,-;
America National Trust and Sav¬ Interest payable J-J. The next
000 in 1971, $121,000 in 1972, $123,ings Association, and Weeden & highest bidder was Paine, Web¬
©00 in 1973, $125,000 in 1974, $128,Co., both of San Francisco, jointly: ber; Jackson & Curtis, for 214 s,
000 in 1975, $130,000 in 1976, and
at a price of 100.42.
..
$400,000 Citrus Union High School
"$93,000 in 1977.*Rate of interest
District bonds, as 2s, at a price
%o be" stated" in multiples of }/\ of
CONNECTICUT
of 100.86, a basis of: about
1%.
The unqualified approving
1.915%.
Due Feb; I, 1949 to
Connecticut (State of) '
!
"opinion of Chapman & Cutler, of
A: Bond% Offering — George
1968, incl.
*
A.
.Chicago, will be ~ furnished.
A
175,000 Azusa City School Dis- Maynard, Secretary of the Old
certified check for 2% of the face
: : trict bonds, as 2y4S, at a price
Lyme-Old Saybrook Bridge Com¬
A: amount of the bonds to be sold,
mission, will receive sealed bids
toayable to the Department of State '(•$ of 102.022, a basis of about
2.055%. Due Feb, 1, in 1949 until noon on Jan. 23, at the State
Docks and Terminals, is required.
Treasurer's office, for the pur¬
to 1968.
'
chase of $6,000,000 Old Lyme-Old
ARIZONA
tiated'Feb. 1, 1947." Dehorriination
i -n -■< t - ■
*,
:
Saybrook Bridge coupon or reg¬
*
'Maricopa County, Madison School $1,000. Interest payable F-A."
istered bonds, to bear not exceed¬
The $200,000 Hudson Elemen¬
j District (P. O.Phoenix), Ariz.
ing 3% interest. Dated Dec. 1,
Bond Election Pending—An is¬ tary School District bonds also of¬
1946. Denomination $1,000. These
fered for sale on Jan. 7—v. 164,
sue of $298,000 construction bonds
bonds are due June 1, as follows:
will be submitted to the voters at p. 3339—were awarded to R. H.
$125,000 in 1950 to 1954, , $150,000
«ri election-td be held in the ncfir Moulton & Co., of Los Angeles. in 1955 to
1957, $175,000 in 1958
Dated Feb. 1, 1947. Denomination
future,
ATAA
to 1962, $200,000 in 1963 to 1966,
ARKANSAS
$1,000. These bonds are due Feb.
$225,000 in 1967 and 1968, $250,if in 1949 to 1963. Interest payable 000 in 1969 to 1978, and $300,000
Fort Smith, Ark.
<r •'
F-A.
in
1979.
Principal and interest
Bond Offering
It is stated by
(J-D)
payable
at the
County
Paul Lile, City Clerk, that he will Los Angeles County,
Temple Sch.
offer for sale at public auction
Treasurer's office or the HartfordDist, (P. O, Los Angeles)/ Calif.
Connecticut
Trust " Co., Tor
the
on Jan. 21, at 2 p.m., a $750,000
Bond Offering — J. F. Moroney,
Guaranty Trust Co.,, of New York.
issue of 1%% .municipal airport
County Clerk, will receive sealed
General obligations; delivery on
improvement bonds. Dated Nov. bids until 10 a.m. on Jan. 14, for
or about Feb. 14, at place of pur¬
1,^ as follows: $20,000 in 1949 and the purchase of $150,000 school
chaser's choice. Bidders to name
1950; $21,000, 1951 and 1952; $22,- bonds,' to bear not exceeding 5%
the rate of interest in multiples
000, 1953 and 1954; $23,000, 1955 interest. Dated Feb. 1, 1947. De¬
of Vs of 1%. The approving opin¬
and 1956; $24,000, 1957 and 1958; nomination
$1,000. These bonds
$25,000, . 1959 and 1960; * $26,000, are due Feb. 1, as follows: $5,000 ion of the Attorney-General of the
State and of Masslich & Mitchell,
1961 and 1962; $27,000, 1963 and in 1949 and
1950, and $10,000 in
of New York City,- will Be fur¬
1964; $28,000, 1965; $29,000, 1966 1951 to 1964.- Rate of interest to
nished
the
purchaser
without
and 1967; $30,000, 1968 and 1969; be in
multiples of
of 1 %. Prin¬
A
certified check for
$31,000, 1970 and 1971; $32,000, cipal and interest (F-A).?payable charge.
1972; $33,000, 1973 and 1974, and at the County Treasury. A certi¬ $100,000, A payable to the State
Treasurer; must accompany the
$34,000 in 1975 and 1976. The fied check for

W

V ALABAMA

■

Los

'

purchaser without cost. A certi¬
fied check for 2% of the principal
amount of the bonds, payable to
of

Board

the

Public

certificates has been ap¬

revenue

,;

/

An

—

of

$250,000 2%% electric
Tight plant and system refunding

Instruction,

required with bid.

is

Mascoutah, III.
Legality Approved

Bond
ssue

.

,

County, Palm River
Sch. Dist. (P. Q, Tampa), Fla.
election will be held

Certificate

.

.

*

.

•

.

.

3% of the bonds bid

bonds

will

bear- interest

the

at

above rate, but are convertible at
the

option of

1

bonds

the purchaser into
bearing a lower rate, on

such terms that the

ceive

therefor

and

city shall

re¬

thereon
substantially the same amount of
money as upon 1%% bonds sold
at the price bid, which shall be
pay

not less

for, payable to the Chairman of
the Board of Supervisors, is re¬

bonds

bond counsel

approv¬

ing their legality will be furnished
and paid for by the purchaser,

together with the

expense of cer¬
tifying the bonds. A $15,000 cer¬
tified check,"payable to the city,
is required with bid.
•«

.

held

on

Jan.

17

in order

the voters pass on the

to

have

issuance of

$50,000 construction bonds.'

•

Santa Cruz

County, Freedom Union
Elementary School District A

■V:.

(P. O. Santa Cruz)i Calif.

J,

Sale

|f Bond

maturing

1944,

said

to

bonds

Jan.

$7,500.

are

to

-

1,

1970,

Holders

present

of

them

for payment

on and after redemp¬
tion date, at the Commercial Na¬

tional Bank of Little Rock..

—

The

$100,000

Dec.

15, 1957 to 1966, as 2s.. Inter¬
payable J-D. The next highest
bidder was Pajero Valley Sayings
est

Bank,
2s, at

a

'•

.

,

^

©lection

;

have

,

the

voters

approved

the

are

said

issuance

$75,000 hospital bonds.




Watsonville, for
price of 100.283,

a

$100,000
net in¬

terest cost of 1.973%.

r.s; Siloam Springs, Ark.
"V
Bonds Voted >- At.' a
recent
to
*

of

thereof and accrued interest to re¬

demption date, together with a
premium of 6% of such principal.

be

at the

ers

payable

Manufacturers

the

at

Trust Co.,

Interest

ion will be furnished

to the pur¬

Trust Co., of

price

City, is re¬

ized

Refunding Bonds Ready for De¬
town's bondholders

and creditors

National

Atlantic
Palm

Beach,

Bank

Fla.,

as

Bond

to
deliver ;; refunding
exchange for the out¬
standing indebtedness. The ex¬
changes must be completed prior
prepared

in

bonds

Oct. 31, 1947, or the indebted¬
ness
becomes cancelled. Any re¬
to

quests for information concerning
Diis exchange should be addressed
to Willard Utley, Harvey Build¬
ing, West Palm Beach, or to Gib¬
son
& Gibson,209 South Olive
Ave., West Palm Beach, Fla.
:

New Smyrna Beach, Fla.
— The
$125,000
electric
revenue
certificates of¬
;

Certificate Sale

Torrance, Calif.

Bond. Sale —The

$174,000 Mu¬
nicipal Water District No. 2 bonds
offered for sale
p.

3339

—

were

Jan. 7—v. 164,
awarded to John

on

r

1950; $72,000 in 1951; $95,000,

were

author¬

tion

to

the

An

voters at

to be held

Cook

—

County

on

Jan.

price of 101.779,
1.335%.

Dated

a

?

basis of about

,

Oct. 1,

1946. Due
Jan. 1, as follows: $5,000 in 1948,'
$10,000 in 1949 to 1952, and $37r.T
000 in 1953 to 1967. Legality ap¬
proved by Ross, McCord, Ice &
Miller, of Indianapolis. The next
highest bidder was Shields & Co.,
Coffin & Burr, and City Securities
Corp., Indianapolis, jointly, for
1V2S, at a price of 101.392.
Albany, Ind.
Bond Sale
The $37,500 fire
equipment bonds offered for sale
on
Jan. 7—v. 164, p. 3461—were

,

.

—

awarded

:

AT

A

to

Raffensperger,:
Hughes & Co., of Indianapolis, as
1V4S, at a price of 100.035, a basis
of

about

1.2447%.

Dated; Dec.

2,

1946. Denomination

$1,000, one for
$500. These bonds are due July 1,
in 1948 to 1962. The next highest
bidder was Kenneth S. Johnson,
.

.

issue of

sub¬

the elec¬

21.

J

Township High T

Sch. Dist. No. 204 (P. O.

sale recently, were awarded to the
Boston Corp., as l^s, at a

First

New

construction bonds was

Election

;works district bojidsuqffered .for-v

'

Buckley, III.
Bond

k-rft

■[./■

Sale—The $600,000 water

for

V/2S, at

a

price of 101.583.

;

1

of

issue

An

—

mitted

and

1,

Dec.

Evansville, Ind.

exchange

tion, for the purchase of $2,250,$1,000. Dated Jan. 1, 1947. Due on
1, as follows: $68,000 in 1949

a

Jan.

INDIANA

West

at

$8,000 water bonds will be

Jan.

2s, at

due

Nov. 5, 1946.

on

agent fo»4he^bove town, is now

Jan.

Denomination

are

Mayor Paul H. Dunbar, that the

13, by A.v S. • Edwards, County
Superintendent of Public Instruc¬
bonds.

Dated

bonds

general election held

being advised by

are

.

school

the

at

Northern
as

livery—The

,

on

the

to

Chicago,

1,.1948 to 1965," and

Lantana, Fla.

$138,000

a.m.

Is*

date called.

102.799.

of

1947. " These

Special Tax Sch.
approved at the election held on
O. Pensacola), Fla.
Dec. 28.
>
*
Bond Offering—Sealed bids will

be received until 11

awarded

were

charge. A cer¬
tified check for 2% of the amount

the

on

Mor¬
rison), III.
Bond Sale—The $400,000 bridge
bonds offered for sale recently,

chaser without any

bid, payable to
quired,

ceases

Whiteside County (P. O.

New York City. Legality

approved by Chapman & Cutler,
of Chicago, whose approving opin¬

Dist. No. 16 (P.

000

Bond Call

amounting

deliv¬

will

ered to the

No. 68, III.

A

has

purchaser or purchas¬
Peoples Savings Bank,
Lakeland. Principal and interest

certificates

These

Bonds' Voted

Escambia County

Trust

on
Jan. 21, for the purchase of
$1,750,000 light and water revenue
certificates. Dated Jan. 1,
1947.
Denomination $1,000. These bonds 1645, 1702, 1916, 1979, 2076, 2200,
2223' and
2328
are due Jan. 1, as follows: $125,000
amounting
to
in 1951 and 1952, $130,000 in 1953 $29,000. The holders of said bonds
and 1954, $50,000 in 1955, $150,000 are notified to present same, to¬
in 1956, $160,000 in 1957 and 1958, gether with all interest coupons
$220,000 in 1959, $240,000 in I960, maturing on and after Feb. 1,
and $260,000 in 1961. Bidders to 1947, at the above Depositary, and
name the rate of interest in mul¬
they will be redeemed by pay-"
principal amount
tiples of one-tenth or Vs of 1%. ment of the

Sale —The

FLORIDA

&

Bank

Depositary,

as

funding
bridge
revenue
bonds,
maturing Feb. 1, 1970, Nos. 132,
239, 263, 355, 487, 532, 556, 618,
734, 850, 901, 965, 1079, 1136, 1195,
1241, 1313, 1368, 1460, 1501, 1598,

a.m;

.

Special Sch. Dist. No. 7, Ark. school bonds offered for sale on
The above.District
Jan. 7, were awarded to Blyth &
is calling for. payment on- Jan.. 1,
Co., of San Francisco, at a price
at par and accrued interest to that
of 100.10, a net interest cost of
date,A/; the
following
refunding
1.907%, as follows: for $25,000
bonds: Nos; 16RB through 18RB,
maturing $5,000 Dec. 15, 1947 to
3%%, dated Dec. 1, 1940, matur¬
1951, as 11/2 s, $25,000 maturing
ing. Jan.' -1,
1970; Nos. ' 127RB
$5,000 Dec. 15,-1952 to 1956, as
through 134RB, 2Y4%, dated Oct.
l3/4s, and $50,000 maturing $5,000
•

10

National

selected by lot and calls for pay¬
ment at said bank on Feb. 1, re¬

Press-

bids until

Island, III.
The Continental

—

Co., Chicago,

.

,

Paris

sealed

Call

Illinois

Darien, Conn.
fered for sale on Jan. 2—v. 164,
$200,000 tax p. 3340—were awarded jointly to
The Security-First? Natl Bank anticipation notes offered for sale
the Crummer Co., Inc., of Orlando,
of Los Angeles, was associated on Jan. 8—v.; 165, p. 116—were and
Barcus, Kindred & Co., of
with the above named in the pur¬ awarded to the Home Bank &
Chicago,, as 3Y4S. Dated Jan. 1,
chase of the bonds as 2s, at a price Trust .Col, of Darien, at a discount 1947.; Due
on Jan. 1, in 1950 to
of 101.01, a basis of about 1.88%. of 0.50%.
Dated Jan. ? 10, 1947.
1968, Interest payable J-J.
ATAAT
AT: V A A A;
These notes are due May 15, 1947.
Sacramento County, Fair Oaks
The next highest bidder was the
ILLINOIS
•Grammar Sch. Dist. (P, O.
National City Bank, New York,
.Sacramento), Calif. <
Amboy Central Grade Sch. Dist.
at a rate of 0.65%.

»

recognized

Rock

City Clerk-Comptroller, will

receive

1946.

Bond

•-

Note

quired.

than par on the basis of
bearing 2^% interest. The
purchaser will have the privilege
Bond Election—It is stated by
of naming the paying agent and
the bank to certify the bonds. The the t County
Superintendent of
Schools that an election will be
printed bonds and the opinion of

.

bid,

Offering—L.

to legality by Charles

Trauernicht, of St. Louis. Dated

Dec. 15,

Lakeland, Fla.
grove,

as

Feb.

on

4, to have the voters pass on the
issuance of $200,000 construction
bonds.

.

:

&

Bond Election—It is stated that
an

—

„

proved

Hillsborough

>

i

Pine

Township School Township
(P. O. R.R. No; 2, Michigan City)
A;T%TA-'AT
Indiana
Bond
Offering — Alfred

Schlundt,

Trustee, ; will

receive

for the

purchase of $101,000 build-?
ing bonds, to bear not exceeding41/2% interest. Dated Jan. 1, 1947.
Denomination $1,000. These boncte;1
are

due $3,000 on

July 1, 1948, $4,-,

Jan. and $3,000 July 1, 1949
1952; $100,000, 1953 to 1957;? $105,to 1958, and $4,000 Jan. and July
000, 1958; r $122,000, 1959; $125,ing coupon bonds offered for sale 1, 1959, to Jan. 1, 1962. Rate of in¬
000, 1960 and 1961; $130,000, 1962
terest to be in multiples of Vi ail
on Jan.
8—v. 164, p. 3461—were
and 1963; $135,000, 1964 and 1965;
1%.
The approving opinion of
awarded to the Harris Trust &
$140,000, 1966, and $150,000 in
Savings Bank of Chicago, as l%s, Ross, McCord, Ice & Miller, of
1967 and 1968. Bidders are invited
Indianapolis, will be furnished to;;
at a price of 100.889, a net interest
to name the rate of interest in
the successful bidder at the ex¬
cost of 1.446%. Dated Jan. 1, 1947.
multiples of % of 1%, which must
Denom. $1,000.
These bonds are pense of the Township. A certified
be the same for all of the bonds.
check for $1,000, payable to the?
due $15,000 Dec. 1, 1948 to 1966.
These bonds will be sold at not
The next highest bidder was the School Township, must accompany^
less than 101.50, and accrued in¬
First
Boston
Corp., for $90,000 the bid.
terest. Principal and interest pay¬
IV4S at a price of 100.16.
able at the Ceneral Hanover Bank
IOWA
-A.:
& Trust Co., New York City. Of¬ Hampshire Sch. Dist. No. 26, III•
Sully, Iowa
Bonds Voted — An
issue of
fered subject to the approving
opinion
of - Caldwell,
Marshall, $350,000 - construction bonds was -Bond Sale—The $6,000 city hall1;
Trimble & Mitchell, of New York approved at the election -held" on bonds offered for sale on Jan. 6,'

LaGrange), III.
Bond Sale—The $285,000 build¬

A Aa

sealed bids until 8 p.m. on Jan. 20,

000

.

;

City, which will be furnished to

Dec. 21.

'

:

.-rV:-."

were

purchased

by the

^'

Kellogg

THE COMMERCIAL &

260

received.

1

•:r-

municipal securities, are
making free distribution of the
39th edition of the booklet giving

lowa i

/-//

•

Salomon
Webster
Moseley &
Co., the Lee Higginson / Corp.,
Paine, Webber, Jackson & Curtis,
all
of New
York, Schoellkopf,
Hutton & Pomeroy, of Buffalo, the
First of Michigan Corp.; of New
York, Braun; Bosworth
Co./
Inc., J.. M. Dain & Co., of Minne.-;
apolis, the Milwaukee Co., of Mil^
waukee, Laurence M.> Marks &
Co., Charles Clark & Co., .Wm. E.
Pollock & Co., Roosevelt & Cross,
all. of New York, and Harold /E.
Wood & Co., of St. Paul, as IV2S,.
at a price of 100.4406, a basis of

■'Bond Offering—Rex M.

Welder,

up-to-date financial statistics of
Auditor,;will receive the Commonwealth of Massachu¬
Jan. 20,
setts, its counties/"cities, towns
.for the purchase of $300,000 con¬
and districts. This latest edition
struction
court
house
bonds.
contains an outline;/map of the
'Dated Feb. 1, 1947. Denom. $1,000.
Commonwealth, showing all its
These bonds are due Nov. 1, as
political subdivisions/; *'V
V"
follows: $9,000 in 1948, $14,000 in
Other statistics given show pop¬
1949 to 1952, $15,000 in 1953 to
1955, $16,000 in 1956 to 1958, $17,- ulation, assessed valuation, gross
000 in 1959 to 1962, $18,000 in 1963 and net debt, net debt-ratio and
and 1964 and $19,000 in 1965 and^ per capita tax levy, tax collec¬
tions, tax titles, and a comparison
1966. :; Principal and interest pay¬

County

sealed bids until 2 p.m. on

-

1%.

'

about

1.425 %: •

/-

-

opinion

approving

The

of

/

$140,000 bonds./The

;

Sale.

building

The

—•/

offered

bonds

Dec. 30—v.

on

City'Council

$.<;

Fergus County Sch. Dist. No,
(P. O. Lewiston), Mont.

Bond

Each bid must be for

furnished;

^

1'
1

Dorsey/ Colman/ Barker, Scott &
Barber, of Minneapolis, will be

Securities Corp., F. S.

in

ers

County (P. O. Creston),

Union

MONTANA

designate. Rate of interest to be in
multiples of J/4* or one-tenth of

syndicate composed of

Fenn. & ; Co., *
Bros. & Hutzler, Stone &

Municipal Financial
Statistics
1 Revised—Tyler & Co., Inc., deal¬

'* / *

-

(

a

Phelps,

No other bid

vat a price of par.
was

auction to

/■//

■'Massachusetts (State of)

2M>sr

'Savings Bank, of Kellogg, as

13, 19f7

Monday, January

;

FINANCIAL CHRONICLE

^
$300,000,
lor sale

164, p. 2741—were

separate¬ awarded to Piper, Jaffray & Hop-?
These bonds were voted at the wood, of Minneapolis; as 2 % sg at
general election held on Nov/ 5/ a price bf T00.193/ Dated Jan. X,
1946, A certified check,for, $2,800^ 1947. These bonds were authorize^
payable i to the. City Treasurer/ at the; election held on. Nov. 5.
must accompany, the bid,/
' -> The next highest bidder was State

will not award the issue

ly.

Land Board, fo^ SVas; at a
V-/

//:?

•

v

NEBRASKA

Jackson,

Partial Award—Option on Bal¬
ance—J.

j

R.

price o|

part////; ?

MISSISSIPPI

.V: '

City Clerk,

Skinner,

has announced that of the $2,500,-

Geneva,^ Neb.

$,// //''/

recent elec¬
said to have

Bonds Voted—At a

/

the

tion

voters

able in Creston.
Legality to be of tax rates/ Copies may be se¬
000 public improvement bonds of¬
$630,000 storm drain bonds. Due
heavily approved the proposal to
approved by Chapman & Cutler,? cured from Tyler & Co., Inc., upon
from Feb. 1, 1948 to 1957, in- fered on Jan. 7—v. 164, p. 3462—
issue $10,000 - park improvement
/
of Chicago. These bonds were au- request. //'■;,
elusive/yyyyyi i a block of $500,000 was awarded bonds.
:
// /T -: TV?;- it;
thorized at the general election
to a syndicate composed of the
Westborough, Mass.
820,000 fevblving fund bonds.
held on Nov. 5, 1946.
A certified
Bond Sale—The $232,000 water
Capital National Bank, Deposit
Neligh, Neb.
:
: Due from Feb. 1,1948 to 1957,
Check for $6,000 is required.
bonds offered for sale on Jan. 6—
Guaranty Bank ' & ' Trust;/ .Co.,

/

are

:

.

inclusive.

165,

v.

KANSAS

:
»,i '

r

.u

..

Price Paid—The City Clerk now

<•:> y-

.*.•«.

v-

-■

: ■

'
.

Salina,

Kan.

*

,

•

1 ;•

//-

-

400,000

Hornblower &
Weeks, both of Boston, jointly, as
l^4s, at a price of 100.1545, a ba¬

■

about 1.23 %

im¬ sis of

states that the $59,973.78 \

park bonds. Due from State National Bank, and the 000 aviation field bonds was fa¬
Feb/1,1048 to 1957, inclusive. Commercial Bank & Trust Co., all vorably voted at the election held
\
'
300,000 refuse destructor bonds. of Jackson, at a price of 100.025, on Dec. 24, 1946/
Due from Feb. 1,1948 to 1057, a net interest Cost of 1.89%,* as
Omaha Public Power District/
follows: $50,000 maturing $10,000
inclusive.
(P. O: Omaha), Neb.
400,000 public relief bonds. Due Feb. 1, 1948 to 1952, as 3s; $100,Bond Offering—Karl C. Brown,
from Feb. 1, 1948 to 1957, in¬ 000 maturing $20,000 Feb. it, 1953
to 1957, as l%s, $280,000 maturing Secretary of the Board of Direc¬
clusive.
tors, will receive sealed bids until
650,000 water works bonds. Due $70,000 Feb. 1, 1958 to 1961, as 2s,
11 a.m. bn Jan. 21, fot the pur¬
from Feb. 1, 1948 to 1967, in¬ and $70,000 maturing Feb. 1,1962,
of
the following / bonds
as
Interest payable? /FrA. chase
clusive.
The
same;
syndicate, has been amounting to $42,000,000, not ex¬
Additional
Sale
The = above
granted a" 10-day option to pur¬ ceeding 4%f interest:
syndicate was also awarded the
chase the > balance of. $2,000,000 $22,000,000
electric revenue ? of
$3,310,000 coupon refunding bonds
1947 bonds. Due Feb. 1, as folbonds/ at the same rates and price,
offered on the same date-r-Vi/164,
i
The next highest bidder was
a
l6ws:r $950,000 in 1950, $1,000,p/ 3341—as 1.40s,; at/a pride? of
000 in 1951, $1,050,000 in 1952
Syndicate? headed by the First Na¬
100.3806, a basis of about 1:32 %.
and 1953, $1,100,000 in 1954
tional Bank, Memphis,'- at a price
Dated Feb. 1, 1947. Due $331,000
and 1955, $1,150,000 in 1956,
of. 100.001, a net interest cost of
from Feb.11,-1948; to 1057^ inelur
?
$1,200,000 in 1957 and 1958,
1.98%.
sive. Second best offers for the
/ '
$1,250,000 in 1959 and 1960,
two issues were > those submitted Jackson
County, Pascagoula Rural
$1,350,000 in 1963,: $1,300,000
by a group headed by the North¬
in 1961 and 1962/ $1,400,000 in
Separate Sch. Dist. (P. 0.
ern Trust Co;, of Chicago; and the
1964 and 1965, $1,450,000 in
Pascagoula), Miss.
Chase
National ' Bank,
of New
Bond Sale—The $125,000 school
1966, and $1,500,000 in 1967.
York, with a bid of 100.437 for the bonds offered for sale on Jan, 6*—
20,000,000 electric revenue of
$3,200,000 as l^s, and* 100.38 for v. 164, pi 3341—were awarded to
1947 bonds. Dye Feb, 1, 1977;
the $3,310,000 as 1.40s.
r
White; Hattier & Sanford/ of New
Dated Feb/i, 1947/Denom/$1,«/
/Bonds Offered for Investment— Orleans, at a net interest cost of 000. * Bidders for said bonds may.
Dated Feb. 1/1947. / De¬ specify any rate or rates in mul¬
The purchasers immediately re* 2.38%.
These bonds tiples of % of 1%/ Both principal,
offered the above bonds for gen¬ nomination $1,000.

117—were awarded to

p.

Coffin & Burr, and

,

Dated Jan. 1,

.

*

1947/ Denom. $1,000. These bonds
are due Jan.
1, in 1948 to 1962.

provement bonds sold to Beecroft,
Cole & Co., of Topeka; as noted

'

jhtere—v, 164,* p. 3461—^were pur¬ The next ,highest bidder was F. S,
chased by the said firm at a price Moseley. & Coand Robert Haw¬
of 100.53, a basis of about 1.12%.; kins & Co./ jointly, at a price of
Dated Sept. 1/1946. Due oh Sept. 100.139/
MICHIGAN
in: 1947 to 1956, inclusive'.
In¬
'

.

payable M-S.

terest

'

Norway, Mich.
Offering Scheduled

~ It
that Jan. 28,
Cueydan,' La. ' *
/
:
as a tentative
Bond Offering—-It is reported date for the sale of $250,000 elec¬
that sealed bids will be received tric power planttpurchase^ b^
Until Feb. 4, by the City Clerk, for
Royal Oak Township, Oakland
the purchase of the $20,000 not to
County, Mich.
Cekceed
4% ' semi-annual
water
Interest / Payment / Scheduled-^
works and electric plant revenue

^

LOUISIANA

1

Bond

lilt®

has

been

reported
has been specified

1

-

bdnds, approved recently by

,

The holders of bonds and interest

the

refunding certificates of indebted¬
ness
of the above township are

Voters.

m

Bbiids/Voted-r-An issue? of i$X0,-*;

■j

*

Rapides Parish Sch. Dist. No..
1 :
(P. O. Alexandria) j La(. :

1 being advised that all injunctions
having been dissolved, the towpi'Bond Sale-—The $275,000 >cou¬ ship wili pay interest due Oct. 1,
pon school bonds offered for sale 1946, on $6,720 Series A bonds;
©n Jan/ 3—v. 164,/ pi 3196—were
$32,100 Series B bonds; $17,245

,

f

Bank & Series C bonds, and $5,999.40 in¬
of Alexandria, at a price terest refunding certificates of in¬ eral subscription; the refunding
| of 100.036, a net interest cost of debtedness, payable at the Na¬ bonds, at, .prices' ^ lo .yield .from
about 1.74%, on the bonds divided tional Bank of petroit/ Saralr F. 0.75% to t35%, while the various
Bradford is clerk of the town¬ purpose bonds were offered at
as follows: $130,000 as Is, due on
Feb. 15; $15,000 in 1948 to' 1953, ship.
prices to yield from 0.70% to
and $20,000 in 1954 and 1955, the
Sealed Tenders Invited—Sealed 1.60%, all according to maturity.
remaining $145,000 as 2s, due on tenders will be received until 8:30
St. Louis Park, Minn.
Feb 15; $20,000 in 1956 to 1959,
p.m. on Jan. 16, by Sarah E. Brad¬
Warrant Sale — The following
$22,000 in 1960 and 1961, and $21,- ford, Township Clerk, of Refund¬
sewer ; warrants
totaling $20,400,
000 in 1962. Dated Feb. 15, 1947.
ing bonds, Series A, B and C,
/Interest payable F-A. Second best dated; Oct. .1,/ 1936, due Oct. 1, offered for sale on Jarr. 6-^-v. 164,
p. 3341-^were 'awarded: to 'Kalman
bid was an offer* of 100.10 for
1966, and Interest Ref. Ctfs./ dat¬
$275,000
as
2s, -submitted
by ed Oct. 1, 1937, and, maturing Oct. & Co., and Jurah & Moody^,1 both
of Stv Paul/ jeihtlyr*■*
Seharff & Jones, Weil & Co., and
1, 1947.
The amount ori hand
the Rapides Bank & Trust Co., of available 4o?^the • retirement- of $3;5Q0 storna sewer district No. 13
Alexandria, jointly/
; - - - / / -; Series A'and B v bonds is $79,100.
warrants," as l.80S, 'at a price
of 1O0.2O2, 8 basis of about
The ariiount oh hand available for
awarded to the Guaranty

•

are, due/Feb. X, in 1948 to 1967.
The next highest bidder was the

Trust Co.,

-

.

:

//.'-,

./

■

'. ;

..T.I

^

i—-

IV-. '■•>'

■

the retirement of Series C bonds

Rcmgor,Me. •> '/>// y// // is $48,225, and the amount on hand
/ 'Note Sale—The $7001)00 tax an-; for the retirement of Interest Re-

•a?v

ticipation-T notes offered'for sale
Jan. >7, were- awarded to the
Eastern /Trtist; &, Banking -Co:,
Merrill.Trust Co., and the Mer^
,

©n

fhndin^ Certificates Is $8,16082// '
.■'/Tv':-.:'/
•"

;'v'

.r"''

St. Clatr,:Mich: •
Bond; Sale—The $99,000 bonds
offered Jan. 6-r-v/ 165;- >h^ll7'%
chants National Bank, all; of Ban¬ were awarded to
Braun, Bos worth
gor, jointly J at a rate-of 0.64%.
& Co., Inc./ of Toledo, at % price
These- bonds- are due on Oct. 6,
100.012, a net interest cost of about
v..
1.223 %, as follows// *, \
// ] ■/
''

;

■

'

■

$32,000 water bonds: $9,000 Is; due

MASSACHUSETTS

on

t

(P. O. Salem), Mass.

Essex County

•

-

///••Note Sale—The $450,000 tuber¬

1949

are

payable Jan. 10, 1948, at the
*
National
Bank,
in

Salem, Mass., or at holder's option,
the National Shawmut Bank

at

/,'J?"

of Boston.
•

incl.; *

$49,0(50 l^s. due

'

on

discount of 0.58%. Dated Jan.

Merchants

t

,

sewer bonds: $18,000 Is,
due on Dec. 1 from 1947 to

notes

10,
These notes

from 1947 to 1949

67,000

Were

1947. Denom. $5,000.

1

1 from 1950 to 1956 incl;

culosis hospital maintenance loan

offered for sale on Jan. 7,
awarded to the Cape Ann
National Bank, of Gloucester, at a

Dec.

incl.; $23,000 l^s, due on Dec.

^

Dec.

1

1950. to 1956

from

incl.

All bf thq bonds are dated Dec.
1//1946; " Second • high' bid was
100.666 for $99,000 1Y2S was made
by Halsey; Stuart & Co.
'■"■J.'y

*

.*

-

/v.v/i/

••

i\':

/./t

;<«'•
■ '<;■>r/;/ •'/./v.//*)/*,

/

ilotes also offered for sale on Jan.

Vermontville, Mich.
Bond Option Exercised — Mc¬
Donald-Moore & Co., and H. V.
Sattley & Co., \ both, of Detroit,

7, were awarded to the Beverly
National Bank, of Beverly, at a
idiscount of 0.52%. Dated Jan. 10,

jointly, have exercised their op¬
tion to purchase at 95.50, the issue
of $130,000 water revenue bonds

"/'The

pital

„

1947.

tuberculosis hos¬
maintenance renewal loan
$400,000

$5,000 each. These
due April 1, 1947.
The

DenOm.

for

which

no

bids

were

received

Marine

Bank, Pas¬

a

.syndicate:

Stuart & Co.,
Inc., of New York, as 2%s, * at; a

headed by Halsey,

price oLl00;l80,^basis; of^^ about
2.3658%. Dated Feb.
1,/i 1047.
Denom. $1,000.
These bonds ma¬
ture $375,000 Aug, 1, 1964, Feb.
and Aug. 1, 1965 to 1967, $375,000
.763%/- /Due^50O?/:=Jah?#T5,
Feb? ahd $400,000 Aug. : 1;<1068,
—;
1950 to 1956:"
and $400,000 Feb. and- Aug. 1; 1969
■-11,900 storm sewer district ;Nd
and-l?7p.;
■
•//??,//•"
/;; ',*■ 14 / warrants^ as / L90s^ ?atr/a
/
Other members of the success¬
.price r of 100.194, a" /basis; of
ful/ syndicatewere t a&/ifolk>ws:
about 1.843%.:Due Jan. 15, in
Blair & Co., Inc., Goldman, Sachs
*

v

&

>awarded/ to

were

-

"

and interest on the bonds will be*

payable in New York, Chicago or
Omaha, at the option of the hold*cagoula, and Associates, at a net er, and the bonds will be registerinterest cost of -2.66 %. able as to principal only on books;
to be kept by the District at the?
Mississippi (State of)
pffices/of /the: paying Agents? Its
Bond Sale—The $5,000,000 high-;
said cities. The approving opinion
way revenue, 12th series, bonds of
Wood, King & Dawson, of New*
offered Jan. 9—v. 165/: p. 118—
York will be furnished. Enclose a
Merchants

check

certified

face of the

for

the

of

2%

bQndS;/payable: tpftbe

District Treasurer.*

v ;

:

''

p~

%

'

*

,

.

»

*

1949 to-1960.

5,000

&

sanitary.sewer/district No".

Co.;v Hemphill; Noyes

Franklin, If: H.
'

Note Bale

The $150,000

loan notes offered for sale V
6ri
an/ 8r^. were" awarded to/ thB
First National Bank; of. Boston; v"

porary

at

a

discount of 0.70% ; Dated Jan/

9, 51947// Denomination
$25,000; .
These notes are due Dec;:,I5, 1947/ '

& Co.,; Thb:i^xt1highe9t%''M<Mer:?was' thd

Hornblower & Weeks, Second National Batik/ Bostcrn; at ?/
all of New. York, Ri S. Dickson & a rate of 0,729%. -/ ,/•/ A///; //
^
r ".'v. "
4*;
,
^
v/price/ bf,^?10O.208;i? a .basis of
Co., of Charlotte, First of Mich¬ Grafton
about 1.865%. Due $500, from
County1 (P, .Q; Plymouth) /i/
igan Corp., of- New York, Scharff
\
"»
New Hampshire
>,
Jan. 15, ,1049 to 1958/
& Jones, of New/ Orleans, ^ Hay*
Note
Sale —The $100,00€/ ta*
Dated Jan. 15, 1947? ; The next
den, Miller & Co./: of Cleveland,
notes offered for sale on Jan. 3,
highest * bidder was the -Allison^ Julien Collins & Co., of Chicago,
were awarded/to Kenneth B,.Hill
Williams Co./for $20,400 2y4s, at A. Webster Dougherty & Co., of
& r Co., of Boston, at a / rate? of
a price of 100.02.
' '
Philadelphia, ; White-Phillips Co.,
0.79%. : Dated Jan. 3, 1947. These
of Davenport, Kebbon, McCormick
Shako pee School District; Minn.?
ponds are dues Dec,/X8,/1947^ The
& Co., of Chicago,/ Leftwich
& next
highest bidder was the First
/ Bond
Election*—. issue of
Ross, \ of Memphis; Cruttenden &
$294,000 building bonds will be Co.,-of Chicago, Weil Si Arnold, National Bank, Boston, at a rate of
0.85%,
./
;
:•submitted to the Voters at the
of New Orleans, and Neuhaus &
election to bp held on. Feb. 3.
.NEW JERSEY
.
Co. of Houston;- Second high bid
of 101.01 for $2,850,000 2V2s and
\ •?'.
NeptUne City, N,
?J
■Si/
/ Tracy, Mtnn.
Bond Issuance Approved—The
Bond Offering—H. M. Algyer, $2,175,000 2%s, a net interest cost
of about 2.38%, was made by a State
Funding Commission
ap-t
City Clerk/ will receive sealed
bids until 2 p.m. on Jan.. 15, for syndicate headed by Blyth & Co.; proved recently the issuance of
Inc;
-/f■/
the
$38,000 refunding bonds.
t\\r
purchase/of the following
,;./rv '.y:'}Y•'/
MISSOURI
'V*■:> •*?• -?•'■/-'
/- /*•?
■
bonds totaling $140,000,; to bear
•///?'/^ v'Z Passaic, N,\ /•' '/v /'■■/ /•
not exceeding 21/^% interest: - ;:
Sweet' Springs>/ Mo. /*'„ J; /
Bond /Issuance
Pending — The
$50,000/. swimming / pool bonds.
/Bond* Sale—The $112,500,. gen¬ Board of City Commissioners is
/;■;:/ Due $5,000 Jan.
1,/ 1949 • to eral obligation bonds offered for said to have approved a program
IK' warrants,

Otis & Co.,

1.90s, r at*- 8

as

.

.

'

-

.

.

,

s

,

v

1958. S :

.

.

,

,

,

.

;

/

.

^

90,000 sewer bonds./ Due Jan. 1,

:

sale
were

on

Jan.

4—v.

164, p. 3341-r-. of public improvements for 1947
which will cost $1,110,000, involv- /

awarded to the City Nation¬

$5,000 in 1949 to al Bank & Trust Co., of Kansas ing the * issuance ,of bonds to fi*
in 1959 to City, as 2X/8S, at a price of 100.636, nance the cost;//-///?/
•//;/ 1962. Optional at par aild ac- a basis of about 2.061%^ Dated
MINNESOTA
Teanech Township Sch. Dist. (P. O,
erly National Bank, Beverly, for
Jan. 15, 1947/ Denomination $500.
:
Minneapolis, Minn. -t j//i; qrued interest on Jan.: 1, 1957?
Teaneck), N. J:i ???/•"-'•?>
$450,000 notes, at a discount of
Denomina* These bonds are due Jan.' 15/ in
Bond Sal e — The following / Dated Jan. 1, 1947.
i Bond; Offbringj--John*H. Ranges} W
1950 to. 1967. / The? next/highest;
0.59%,• and Cape Ahn National
bonds aggregating $3,200,000, of* tion $1,000., i Principal and inter¬
District Clerk;/will receive sealedl /
Bank, Gloucester, for $400,000, at fered for sale on, Jan. 3—v*, 164; est (J-J) payable at any suitable bidder was Stern Bros. & Co.; for
bids until 8 p.mi.-?bn;l Ja^ij 22/(ibd
2V^s/at a price of 100.80. /?C/;/':;
;a discount of 0.55%>/./;,^./V'?/ ?.//' p. 3341—were awarded/ at public bank or institution the bidder/may
notes are
liext

highest bidder

was

the Bev¬

on

Dec,

9.'

)

Kh

v

: -

v

'V

■.

S

C? as follows:..

,

1958, and $10,000

J:/:■/
'

"

»,

«.

'

.

fji'.y

i

>/>•-'<

i-i;

-

I."*

y




4-:

if

iVpluriii^ 1,65;; KTuniber 4559

THE COMMERCIAL & FINANCIAL CHRONICLE

r

261

■I

i the

purchase of $205,000 school'
or
registered; bonds, to■
bear not exceeding 4% interest.'
Dated Feb. 1, 1947. Denomination
;
$1,000. These bonds are due Feb.;
1, as follows: $20,000 in 1949 to
\1952, and $25,000 in 1953 to 1957.
Rate of interest to be in. a multiple
of % or one-tenth of 1%. Princi¬

il

empstead Union Free School DistA

coupon;

No.

16

Bond

Offering—Louise Hinkel,

way

he

coupon

bear

Hvdi

of
for

Education.

Board of

certified

A

$4,100, payable to the
Education, must accom¬

pany the bid.
^

Bond

cessful bidder

Offering

Wilbur L. R.

—

nfCe

-

^Gardner, Borough Clerk, will
sealed

City.

bids until 8 p.m.

re¬
on

w

*

a

f i p1 H

Ill^^^o^ination
are due July
15> 1947 payable at the First Bank

&

30.^ The approving

of

opinion

yed b

Hawkins, Delafield &

urnished

the

to

without

Check

successful

cost.

for 2%

A

the

of

bid-1

bidder

will

be

furnished

the

approving opinion of
Hawkins, Delafield & Wood, of
Hew York, that the bonds are
valid and legally binding obliga¬
tions of the Borough.
Enclose a
certified check for $1*760, payable

to; the Borough,
;

.

f

NEW YORK

;

.
j

Arcade (O. Arcade), N. Y,

Bond Offering — L. W. Ham.
Town Supervisor; ;; will receive
sealed bids until 2 p. m.
(EST), on
Jan.

16, for the purchase of $9,airport coupon or registered
/bonds, to bear not exceeding 5%
500

interest.

*

Dated Dec.

nomination

$1,000,

These bonds

are

1, 1946. " De¬
$500

be in

multiples of
or one-tenth
of
1%.* Principal
and
interest
<J-D)
payable at ? the Citizens
Bank, of Arcade. The approving
opinion of Vandewater, Sykes &

Columbus County (P. O.

bid

^Without

bid."

; v

due May 9, 1947

"

....

w

,f

V.

•«

bids until

2 p.m. on Jan. 21* for
purchase of $209,000 munic¬
ipal biulding, park and water cou¬
pon or registered bonds, not ex
ceeding 4% interest.
Dated Jan
1, 1947. / Denom. * $1,000. These

the

Hawkins,

due Jan.

Delafield

& Wood, o
City will be furnished
to the purchaser without cost.
A
certified
check
for
2%
of ; the
bonds
bid for,
payable to the
District, is Required.

1,

$35,000

June 1 in 1961 and

Sale—The
,

,

,

T

o

bonds^offered Jan. 8

AV

about 1.241%;

innne

Other

eluded the

for

w

in-1

1.40s

following: R. D. White

& Co., 100.208; Francis I. du Pont
& Co., 100.128; Bank of Hunting-

y4

or

l/10th of 1%. Principal and inter
payable at the West Hemp
stead National Bank, West
Hemp
est

stead, or at the Bank of New
York, New York City. The bonds

tion of the successful bidder at the
office of Hawkins,
Delafield,, &
Wood, of New York City, on or
about Feb. 3, 1947. The bonds wil

legally binding obli

gations of the Village.
opinion

of

The ap
Hawkins

Delafield & Wood, of New Yor'

City, will be furnished'.
certified

check

for

-Enclose

2%

-

of

the

amount, of the bonds bid for, pay
able to the
Village.
/'Y'A:




Randolph County
boro),

(P. O. Ashe-

C.
Bond Sale—The $50,000 road
and bridge refunding bonds offered Jan. 7—v.'165, p. 118—were

& Arnold,

l j of Raleigh, as l%s, at

#

a

price of

par.
Dated Jan. 1, 1947.
Denom.
Otto, Dayton, Persia, Leon and J $1,000. These bonds are due
$25,Napoli, Cattaraugus Central f 000 Jan. 1, 1954 and 1955. Second
Sch. Dist. No. 1 (P. O.
;
high bid of 100.102 for $25,000 2s
Cattaraugus), N. Y, '
| and $25,000 l%s; was. made: by
Bond Sale—The $35,000 school
Equitable Securities Corp.

bonds

offered

165,

v.

p.

1.10s, at

as

for

sale

on

Jan.

6|

a

1947

to

1951

The

.,

D

pi1

u

w

_

p

^ond °ffenng — W i;. Easter^ Secretary of the Local Govr

$1,000,1

15

,

„

Co., of New York,
price of 100.032, a

Dated Sept.
1946. ■; Denomination
These bonds are due $7,000 from
Sent

D

118—were awarded to

15,

ernment Commission, will receive
bl.^ untl1 ^ a'mJ?' ?iL,
purchase. _of $40,000
er^ C0UP°n bonds, to

cem

next

bear

highest
ers

& Co

100.179.

will be delivered at the office of
the successful bidder or at the
op

a

nailt

.

j awarded to Kirchofer

r

basis of about 1 085%.

of

dated Dec.

are

New Albion, East Otto, Mansfield,

$4,000 in 1972.

multiples

|

f

net cost of about 2.847%, was
made by Fox, Reusch & Co. of
1; 1947. ri
.

ie*
Dated Jan.

bids

June 1

j 1946 Second high bid o£ 100.009

Denom. $1,000, one for $700. These
bonds are due July 1, in 1948 to
1958.

on

for ^20'000 3s and $25,000 2%s,

tff

Kocic

o

All of the bonds

i

&

^

21/2S, due $5,000

10,000 general bonds as;2%s. Due
June 1, 196lTtOv,I967^c

water

$32,700

1962; $25,-

from J963. to T967,incl.

.

,

to

Rate of inter¬

road and bridge bonds:
$10,000 2%s, due $5,000 on

3 ton), N, Y-A0M
Bond

follows:

as

118—were awarded to Breed &
of Cincinnati, as fol-

|

Hunting

est

proving

issued

are

to

the

under

provide for

•

Harrison
lows:

000

District (P. O.

and

be valid and

certificates

Philadelphia Plan

.

.

Huntington, Greentawn Water

R. D. White &

in

White

Bond Sale—The

p.

;

$12,000 in 1948 to 1952, $10,000 in
1953 to 1962, $5,000 in 1963 to 1971
be

43,000 fire alarm and equipment
bonds. Due Jan. 1, as follows:
;
$2,000 in 1950 to 1959, $3,000
•'
in 1960, and $4,000 in 1961 to

;he revenues of the
City Transit
System and from moneys in the
replacement fund of the System
o
the extent available.
These

.....

ton & Trust Co., 100.Q91.

Bond Offering—Lael Von
Elm,
Tillage Clerk, will receive sealec

are

r,v

New York

improvement

Hempstead, N. Y.

bonds

in

*

,

,

'"

and

I967.;ii-m;fitt:iirt;^i

th?

the Town

anticipation notes offered for sale
recently, were awarded to the
County Trust Co., of White Plains,
at a rajtp.pf 0.61%, plus a premium
of $3J)0. n Dated
Jan.
10,g 1947
are

1951,

in

•

Harrison (P. O. Harrison), N. Y
Note Sale — The $300,000 tax

These'*^otes

to

guarantees payment of the certifi¬
cates and dividends thereon out of

Due

$1,000
$2,000

The

City, through its Transit Board,

;

"

the

payable to

anust aeppmpany

bonds.

;

-

purchaser
A 'certified check

cost.

for $19Q,

sewer

L i

1,'as follows:

1952 to

and Dec. 15, in 1947 to 1951.

1957, and $20,-

more than 50% of the cost of new
vine), N. C.
$22,500 coupon
equipment consisting in general of
Dated Jan; l j 1947.
Denom, $1,- trackless
school building bonds offered Jan.
trolleys
;and
motor
)00. Principal and: interest"
(J-J) coaches.
7—v. 165, p. 118-—were awarded
;u
Payable in New York City, t Gen¬
to R. S. Dickson" & Co., of Chareral
Fitchville Local Sch. Dist., Ohio
iotte, at a price of 100.066, a net aboutobligations; delivery on or
Feb. 4" at place of purchas¬
Bond Sale Details—The
interest cost of about 2.138%, as
$60,000
er's choice.
Bidders are requested
follows:
Duilding bonds awarded on Dec.
to name the interest rate or
Jan. 14, for the purchase of $9,rates, 19, as 2s, at a price of
$16,500 214s. Due on Dec. 1 from
100.098, a
in multiples of Vi of 1%. : The
500 fire apparatus coupon or reg-1
ap¬
basis of about 1.99% — v.
1947 to 1960 inclusive,
164,
proving opinion of Masslich & p. 3463—were sold to J. A.
istered bonds, to bear not exceedWhite
6,000 2s. Due' on Dec.«1 from Mitchell
of New York, .will be &
ng 4% interest.
Dated Feb. 1,1
Co., of Cincinnati, and the Wil:1961 to 1963 inclusive.
furnished.
Enclose
a
certified lard ; United
1947. Denomination $1,000. These
All of the bonds are dated Dec;
Bank, of Willard,
check for $20,060, payable to the
bonds are due Feb. 1; as follows: I i, 1946.
.The Branch Banking &
jointly,; Dated Jan. 1, 1947. These
State Treasurer.
bonds are due from Sept. 1, 1948
$1,500 in 1948, and $2,000 in 1949 Trust Co., of Wilson, second high
to 1952. Rate of interest to be in
to March 1, 1972. The next
bidder, offered to pay 100.005 for
high¬
NORTH DAKOTA
est bidder was
multiple^
or one-tenth of $12,500 2s and $10,000 2y2s, or a
Stranahan, Harris
1%. Principal and interest (F-A) net cost of about 2.327%.
Mountrail County SchA Dist* Nos 8 & Co., Inc., for 2JAs, at a price of
100.441..
'
'
'. *
payable
at the First National
,:\A(P. O. Van Hook), N. D.
nr
r
Bank, of Bellmore. The bonds will
% Bond Offering —T. W. Kamps Fresno Local School
Bonds Anmoved
The Citv
District, Ohio
be delivered at the office, of the
Bond Offering — Dent
Council is said to have unmoved District Clerk, will receive sealed
Thomas,
successful bidder or at the option
bids until Jan.; 17, for the pur¬ Clerk
of the Board of
rercntlv
teuance of S126 000
Education,
of the successful bidder at the
chase of $2,000 3% school bonds will receive sealed
bids until Jan.
office of Hawkins, Delafield
Denom, $500. These bonds are. due
27, for the purchase of $75,000
$700,000 improvement project.
Wood, of New York City on or
iiLlO. years.
2y2% semi-annual building bonds.
about Feb. 1. The bonds will be
Montgomery County (P. O.
These bonds were voted at the
;
OHIO
valid and legally binding general
Tr°y)> N.'C.%rV;
general election held last NovemBond Sale—The $45^)00 refund
obligations of the Wantagh Fire
Bedford City School District/ Ohio
District. The approving opinion o
ing bonds offered Jan. 7—v. 165
Bond Sale Details
The $95,
Indian Hill

Heckler, of New York City, wil
to

i i 1949

of New

.

.

for

one

due Dec. 1, as fol¬

lows: $1,500 in 1947, and $2,000 in
1948 to 1951. Rate of interest to

furnished

Vandewater, Sykes &
York City, f

Jan.

NORTH CAROLINA

certified

amount

.

with

*

freckler,'

$1,000. f These bonds are for, payable to the Board of Edu- j
(<3ue Jan. 15, as follows: $4,000 in
cation, is required.
19481; to 1957, $5,000 in 1958 to
\.
;1963, and $6,000 in 1964 to 1966. Hempstead, Wantagh Fire District
Rate of interest to be in multiples
m (P. O. Wantagh), N.Y.
,of V4 of1 % i. Principal and inter¬
Bond Offering—Harold J. Frit-1
est
payable at the Washington scher, District Secretary, will reTrust Co., Washington.
The suc- ceive sealed bids until 3:30 p.m. on
,

35,000 storm

IhW'''^1& Trust Co., of Utica.- Legality apabout
Jan.
der,

cessful

000 in 1954 to

000 in 1958 to 1967.

$50,000. These notes

registered bonds, not exceeding
6% interest.
Dated Jan; 15, 1947.

p;

,

Wood, of New York City, will be1

Denom.

sealed bids until

"

Jan. 23, for the purchase of $88,000 general improvement coupon
or

ernment

,

I

x.

Hawkins, ..Delafield

par and
Principal and in*nerest
(J-J)
payable ; at
the
County Treasurer's office. The
approving opinion of Peck, Shaf-^
::er &
Williams, of Cincinnati, will

■

|

sue-

option of

to be for less than

accrued interest.

■

Rant

at the

or

bid is

N. C.
Offering —W. E. Easter-

,

mp!
Thicp bonds wii^ h^I
These LnHc will be

rnv

delivered at the office of the

Washington, N. J.

•

ceive

ri rw!!' EaS

Vnrir
York

Wilmington,

^

Bond

and snow removal bonds offered
for sale on Jan. 6—v. 164, p. 3463

,

check

;

'

Sale—The

-

ing, Secretary of the Local Gov¬
Commission, will receive
11 a.m. on Jan.
•—were
awarded to the Citizens 14, for the purchase of the follow¬
National Bank, of Port Henry, as ing coupon bonds totaling $1,003,- be furnished to ;■ the
purchaser
iy4s, payable J-J. Dated Jan.; 6, 000, to bear not exceeding 6% in-; without
charge. A certified check
1947. These bonds are due $2,000 terest:
> :r':
'(yi'v i
' for $425.43, payable to the County
from July 1, 1947 to 1951. The
J5325,000 water bonds. Due Jan. 1, Measurer, must accompany the
next highest bidder was the Lake
as follows: $6,000 in
1950 to
Placid Bank, for 1V2S, and Tilney
it 1959, $10,000 in I960;1: and
A ■/-Cleveland,.Ohio
/•
& Co., for 1.90s.
it $15,000 in 1961 to 1977.
Certificate, | Issuance. Ratified-r300,000 'sanitary v, sewer bonds, farris, Hall & Co.,, of Chicago,
Utica, N.. Y.
completed negotiations on Jan. 4,
Note Offering - Thomas J. ii- Hue Jan. 15, as fololws: $5,- for
the issuance of $4,000,000
000 in 1950 to 1955, and
1%,
$10,Nelson» City Comptroller, will re000 in 1956 to 1982.
iy8% and iy4%, equipment trust
V
ceive sealed bids at the First Bank
of 1946, second series certificates.
300,000 street improvement
& Trust c° ' of utica> until .noon
bonds. Due Jan. 1, as follows: Dated Dec. 15, 1946. These certifi¬
j
14
|or
purchase of
^ -ftn 000
t'
$10,000 in 1950 to 1953, $15,- cates are due $400,000 on June
anticir)ation notes

District Clerk, will receive sealed
ids until 2 p.m. on .Jan. 16, for

'

Board

Henry, N} Y.
$10,000 highyconstruction, * maintenance

Bond

purchase of $1,185,000 school
or
registered bonds, to
not exceeding 4%;;. interest.
Dated Jan., 1, 1947. Denomination
pal and interest (F-A) payable at SI,000. These bonds are due July
*
the
West
Englewood
National"
as follows:. $35,000 in 1948 and
Jlank, West Englewood. The suc¬ 1949, $40,000 in 1950 to 1969, and
cessful bidder will be furnished $45,000 in 1970 to 1976. Rate of
with
the
opinion
of
Hawkins, interest to be in mutiples of y4
Delafield & Wood, of New York
Snir
City, that the.bonds are valid and ?t
legally binding obligations of the
Park New Hvde Park or at
/

Port

(P. O. Elmont), N. Y.

1

Palatina

Bonds

Bridge, N. Y.

Offered

—

David

in 1960 to 1963. Principal and in-

Z.

M.

Risk,

Village Clerk, v received
sealed bids until 2 p.m. on Jan.
,10,
for the purchase of $19,000 building

$2,000 in 1950 to 1959, and $5,000

registered bonds, at
not exceeding 5% interest. Dated
Feb..II, 1947. Denominations $1,coupon or

te.rest (F-A) payable in New York

C^y
Bond Sale—The

$10,000 refund¬

[ng bonds offered Jan. 7—V.-165,
118—were

awarded

to

the

■

Branch

Banking & Trust Co., of
000 and $500. These bonds-are due
Wilson,, as T34s, at' a price of
Feb. 1, as. follows: $1,000 ip 1948
100.521, a basis of about 1.688%.
to 1954, and $1,500 in 1955 to 1962. Dated Jan.
1, 1947. Denom. $1,000.
Principal and interest (F-A) pay- These bonds are due Jan. 1, 1956.
1L

a1

D#vw\1r

able at the First National Bank of

Canajoharie; The bonds
eral obligations.. " V ?.
.

are
.

gen¬
.

;

awarded

on

Dec.

Ryan,, Sutherland & Co., •' of
Toledo—v. 164, p. 3463—were sold
as

follows:

vow*

'SiL

.

Local Sch. Dist. (P. O.

20

to

Madisonville, R.R< No/
iCincinnati), Ohio A
B

d

o n

Offering

> <

>

.'.^7
Sealed bids

—

will be received until

i,

noon on

Jan.

$22,000 site • purchase bonds, - Sis: 16, by W. E.:
Stevens,. Clerk of
2%s, .at. a price of 100.85, a; the Board of
Education, for the
basis of about 2.66%. Due Oct.
purchase of, $514,600 3% school
1, in 1948; Iter 1967,;
u
bonds.
Denom.
$1,000, tone for
^24,000 improvement:hnd furnish-' $600,; Dated Jan.
15, 1947. Due as
ing bonds,; as 2%s, at a price folows:
$11,600 on April 15, and
of 100.862, a basis of about
$11,000 on Oct. 15, 1948; $11,000
■r;:L 2.656%. Due Get. 1, 1948 to on
April and Oct. 15, in 1949 to
1967.
1962; $11,000, April; 15, and $12,49,330.18
judgment
bonds, as 000, Oct. 15, in 1963 to 1970. Bid¬
13As; at a price of 100.176, a ders may specify a different rate
i

basis of about 1.70%. Due Oct.
L in 1948 to 1952.

of

interest in

multiples of % of
No bid is to be for less,than
/
Dated Dec. 1, 1946, Interest pay¬ par and accrued interest.'
These
able A«-Q.
bonds were approved' on -Nov.
;
' 4
-'<•
.
& •
1%.

■

and

are

^BfOoklynLocatSch.Disti(PrOA

payable from

unlimited

taxes.;/ The approving pinion "'of
Peck, Shaffer & Williams, of Cin¬
Bond Offering —Opal E. XJmcinnati, will be furnished the puirt.
phrey^o Clerk-Treasurer of
the
chaser, at his expense. A certified
Board of Education, will receive
check for 1% of the bonds bid
for,
sealed bids until 2
p.m. on* Jan. payable to the Board oi Educa¬
28, for the purchase of $225,750
tion,- is required* : %y
Aipv
7

*,

<?iiQ{Cleveland), Ohio

-

2% construction bonds. Dated Feb.

■

1, 1947. Denomination $1,000, one
for $750. These bonds are due Dec.

>

;
*/

Bond

r

,

■

■

••»"»i'

Jackson/ Ohio

.

-

t

/

Sale
The $350,000
firs£
1,-'as follows: $10,750 in 1948, mortgage water works revenue
$11,000 in 1949 to 1953, and $10,000 bonds offered for sale on;
Jan.; $ f
in 1954 to 1969., Bidders
v.
may bid
164, p. 3342—were awardedt

for

different rate of interest in

a

to

a

—

syndicate composed of Stran¬

multiple of
of 1%. The ap¬ ahan, ; Harris
&
Co., Inc., of
proving opinion of Squire; Sand¬ Toledo, Braun, Bosworth &
Co.,
ers & Dempsey, of
Cleveland,; will Inc., and Widmann & Co., of Cine- ■/
be furnished the successful bid¬
cinnati, at a price of 100.0308, a /•
der. Enclose a certified check for net interest cost of
2.391%, as fol^
1 % of the issue payable to the lows: For
$211,000 maturing Jan.
Board of Educations •• vv ^
15, $9,000 in 1950 to 1954, $10,008
J ;
in 1955 to 1957, $11,000 in 1958 to
Butler County (P.1 O.' Hamilton),
1960, $12,000 in 1961 to 1963, $13,-;
EWMohio

a

will

be

Offering
received

; Sealed bids

until

noon

on

Jan. 17, by Thomas A. Feltz, Clerk
of the Board of County Commis¬

sioners, for the purchase of $42,543.90

2%%

water

and

sewer

000 in 1964 to 1968, $14,000 in 1967
and 1968, as 2y4s,
and

$139,008
maturing Jan. 15, $14,000 in 1969.
$15,000 in 1970 to 1972, and $16,
000 in 1973 to 1977, as 2%s. Dated
Jan. 15, 1947. Denom. $1,000. The
next
highest bidder was Weil,
>

bonds.
Denom.
$1,000, one for Roth &
Irving Co., at a net inter-*
$543.90. Dated Jam-1,* 1947.
Due est cost of
2.42%;//,;/7
^
ft
on Dec. 15:
$2,543.90 in 1948; $3,000, 1949 to I960, and $2*000 in : London ' Exempted Village Sch. ;
Second high bid of 1Q0.375 for 1961 and 1962.
Bidders may bid
Dist. (P. O." London), Ohio, •
l%s was- made by R; S. Dickson f orA a-; different rate of interest
Bond Offering —/ Sealed bids
C*

—

t_ • -.1.

& Co.v

1.

•

1

_

/»

-i

;

AA

•

-

o

-;-.

v

>

;

Aa B o n d

Washington Public Sch. Dist., N. C.

p.

330.18 bonds

J-.

in

multiples of y4 of 1%, but no will be
/■V

received until

noon

ofc

JUWMHWIW

ijtiwiilti^ wiiis^'XC^*J {w^Vi ."Wj ii tiyJ5.-£W3ji'ii

THE COMMERCIAL &

262

of $287,000 3% school
$1,000. Dated Jan,

purchase

offered

bonds

bonds. Denom.

for sale

on

Broken

f
•V

must

Education,

;

bid.

Bond

by

purchase of $50,000 4%
swimming
pool
coupon
bonds
Dated Jan. 1, 1947. Denom. $1,000
These bonds are due Oct. 1, as
the

for

follows: $3,000 in

V

J.

for

the

Jan. 20

sealed bids until noon on

194s, at

a

price of 100.782.

sewer

—

The

street improve¬

Bidders are to name

the rate of interest

City

in

a

multiple

the

of the face amount
payable to the Dis-jy
Treasurer, must accompany ; '
bid. /; 7-.7V7. ■';S:
v .V-- ^7 •

check for 2%
of the bonds,
trict

1%, and the rate must be
same for all of the bonds. De¬

of S4'„of

ttiak-tbe $98,000

Oklahoma

Edwards, Inc.,

the

*W\¥

.

sanitary

25,000

C. Iffland, Village Clerk
purchase of $38,000 21/2%
bonds.
Denomination $1,-

7V:

sewef

system

bonds, taking $14,000 as
due from Jan.

214s,

1, 1952 to 1958;

remaining $11,000 as 294 s,
due from Jan. 1, 1959 to 1963.

the
1

1, 1947. Due on
follows: $3,000 in 1948
and 1949, and $4,000 in 1950 to
1957. Bidders may bid for a dif¬
ferent rate of interest in a mul¬

nomination $1,000.

City, as noted here

..

Dec. 1, as

1948, $4,000 in

$35,000

SOUTH DAKOTA
Dated Feb. 1,
1947.. Due on Feb. 1: $2,000 in
'■{Z-z:Z':' Brookings, S.
—v. 164, p. 3463—were purchased
1949 to 1952; $3,000 in 1953,rand
Bond
Sale—The $165,000 air¬
by the said firm at par, as fol¬ $2,000 in 1954 to 1965. Principal port bonds awarded on Jan. 6 at
lows:
and interest payable at the First public auction—v. 164, p. 3464—
$65,000 Water works system bonds, National Bank of Belle Vernon. were purchased by the First Na¬
taking./ $45,000 as 294 s, due Registerable as to principal only. tional Bank ",of Mihneapp^
■$$1 $5,000 from Jan. 1, 1950 to No bid for less than par and ac¬ Associates, as 1.40s, at a price of
7 1958; the remaining $20,000 as crued interest or for less than all 100.47, a basis of about 1.321%.
214s, due $5,000 from Jan; 1, of the bonds will be considered. Dated Jan. 1, 1947 and due on Jan.
i
.77 1959 to 1962;:: V
"
Legal : approval of Burgwin & 1 from 1949 to 1958 inclusive. The
of

Dated Jan.

000.

Details

bonds sold to R. J.

Sylvania,
■
Bond Offering—Sealed bids wil
be received until noon on Jan. 15

receive

will

Clerk,

Village

er,

the
.."I-y

Lowellville, Ohio
Offering—Joseph R. Fish¬

::

V;

accompany

,

.

for

Arrow, Okla.

Clerk now states

—v. 164, p. 3342^were awarded to
$6,000 on Nov. 1, 1948,
$6,000 on May 1, and Nov. 1, Braun, Bosworth & Co., Inc., as
in 1949 to 1971.
A different rate 194s, at a price of 100.889, a basis
Dated Jan. 1,
of interest may be specified in of about 1.35%.
multiples of 94 of i%.'No bid is 1947. Denomination $1,000. These
bonds are due $20,000 from Oct.
to be for less than par and ac¬
crued interest.
A $5,700 certified 1, 1948 to 1957. The next highest
check, payable to the Board of bidder was Halsey, Stuart & Co.,

and

Sale

Bond

Jan. 6

May 1, and

of

ment bonds.

O. Cleveland), Ohio
Bond Sale—The $200,000 school
(P.

of the Board

chase

OKLAHOMA

Dist.

Heights City School

Shaker

by H. P. Beathard, Clerk
of Education, for the

Jan. 15,

1947

Monday, January 13,

FINANCIAL: CHRONICLE

8,000 street equipment bonds as
21/4s. Due from Jan. 1, 1952
to 1959.

'

:b-.
th

■

"'t.
ft-

■Zi $

Pittsburgh, WilP be hext best offer of 100.469 for 1.40s
furnished
to
purchaser without was made by the Northwestern
!
charge.
A $700 certified check, National Bank of Minneapolis.
payable to the Borough, must ac¬
Jerauld County (P. O. Wessingcompany the bid.
ten Springs), S. Dak.
Bond Sale—The $35,000 hospital
Bethlehem Township (P. O. R.D.
bonds offered for sale on Jan. ?—
No. 3, Easton), Pa. y
Bonds Sold—An issue of $15,- v. 164, p. 3008—were awarded ta
000
funding
and
improvement the Bank of Alpena, as 1.20s, at a
Dated Jan. 1, 1947. bonds offered for sale on June 1, price of par.
Denom. $1,000.
These bonds are:
was purchased by the Easton Trust
due Jan. 1, 1957*
; 1
Co., of Easton,, as 194s, at a; price
Churchill

of

.

1

in 1951
Interest payable J-J.
$4,000 in 1953, $3,000 in 1954, 4,000 in 1955, $3,000 tiple of Va of 1%. No bid is to be
Cashing, Okla.
in 1956, $4,000 in 1957, and $3,000 for less than par and accrued in¬
Bond
Election —- An issue of
A $500
certified check
in 1958 to 1962.
Bidders may bid terest.
$200,000'; municipal
hospital of 100.179.
for a different rate of interest in payable to the Village, must ac¬
Interest, payable J*J.
Lennox Independent Sch. i)ist.\;
bonds, to bear not exceeding 3%
company the bid. "
'
multiples of 94 of- 1%. Principa
No. 65, S. Dak. ZpZ:;Z;^:
interest, will be submitted to the Brentwood CP' O. Pittsburgh), Pa.
and interest (A-O) payable at the
Bond Sale—The $25,000 refund-^
Bond Offering—Fred H. Appenvoters at the election to be held
'7
Van Wert, Ohio
Lowellville
Bank.
Approving
Bond Sale—The $11,000 traffic on Jan. 21. These bonds will ma¬ rodt, Borough Secretary, will re- ing bonds offered Jan. 7-^.7164,
opinion to be furnished by Squire
ceiye/sealed bids until;8.30 p,m, p. 3464—were - awarded to the
signal bonds offered for sale on ture in 20 years.
Sanders & Dempsey, of Cleveland
on
Jan. 21, for the purchase of Farmers State Bank of Canton.
Jan. 6, were
awarded to J. A
Temple, Okla.
at the expense of the Village.
A
These bonds were authorized at
White & Co., of Cincinnati,
$300,000 park coupon bonds. De¬
as
Bond Sale—The $50,000 water
certified check for $500, payable
These bonds the election held on Dec. 10.; Sec¬
194s, at a price of 100.672, a basis works extension and improve¬ nomination $1,600.
to the Village, must 'accompany
are
due $10,000 Feb. 1, 1948 to ond high bid of 100.408 for 194s
of about
1.39%.
Dated Jan.
ment bonds offered Jan. 7—v.-169,
the bid.
*
"
1977. Bidders to name the rate of was made by the First National >
1947. These bonds are due $500 on
p. 110—Were sold to a local "in¬
interest in a multiple of Va of 1%. Bank, & Trust Co., of Sioux Falli
March 1, and on Sept. 1, in 1948
Minerva Exempted Village Sch.
vestor as follows:
$12,000 294 s,>
The^ purchaser will receive with¬
to 1958, inclusive. Interest payable
District, Ohio
ZZ['*''. y'y::
Viborg, S. Dak.
' Z- ■
due from 1950 to 1953 incl.; $20,out charge the opinion of Burg¬
M-S.
The next highest bidder
Bonds to Be Sold—Oscar Shaw
I Bond Salei
The $10,00^ Water
000 2%s, due from 1954 to 1960
win & Churchill, rOf Pittsburgh, bonds offered for sale on Jan. 6—
Clerk of the Board of Educa- was Seasongood & Mayer, for l%s, incl., and $18,000 2s, due from
.that-the bonds are valid, general v. 164, p. 3464—were awarded to
/y77;
y tion, has advised that the $50,000 at a price of 100.70.
1960 to 1966 incl.
These bonds
obligations of the Borough.
En¬ J. G. Wolff, of Viborg, as 2,40s.
stadium bonds authorized at the
were
authorized at the election
close a certified check for $6,000, These bonds were authorized at
Washington-Bloomfield Local
election held in November, 1945,
1949, $3,000 in 1950, $4,000

7 $3,000 in 1952.
.

•

,

be placed on the
the near future. 1

may

Mt. Pleasant

:

market in
<.v

Local Sch. Dist.

O. Dillonvale), Ohio ;y
Bond Offering — Sealed bids
(P.

SchoolDUtrict

held

(P.' O.

on

Dec. 17.

an election held last August. The
payable to the Borough Clerk.
O. Tulsa), Okla.
next highest bidder was. the Se¬
Drumore Twp» Sch. Dist. (P. O.
$280,000 bridge
curity National Bank, Viborg, for
DrumorC), Pa.
bonds < offered
for
Clarren/ Clerk of the Board of construction
z Bonds Voted—At a recent elec? 294s.
Education, will receive sealed bids sale on Jan. 3—v. 165, p, 119—
,'TEXAS
/
'
tion the voters are said to have ap¬
jointly to Stern
until noon on Jan. 20, for the pur¬ were awarded
proved the issuance of $29,425 ZZzzZzZZ;:
chase -of
$25,000
2%
building Bros. & Co.j of Kansas City, and
Bellaire, Texas
school bonds by a wide margin.
Bond Election — It is reported
bonds. Dated Jan. 1, 1947. Denom¬ Braun, Bosworth & Co., Inc., at a
that an election will be held on
ination $1,000. These bonds are price of 100.07, a net interest cost
Pittston Township (P. O. Pitts*
Jan. 25, in order to have the voters
due $1,000 Dec. 1, 1948 to 1957. of about 1.824%, on the bonds di¬
ZZZZz^ZZz
ton), Pa; \V0z
Bidders may- bid for a different vided as follows: $225,000 as l3/4s,
Bonds Offered—Kline, Lynch & pass 7 on the Issuance of various
civic improvement bonds totaling
rate of interest in a multiple of due $15,000 from-Jan. ll, i950 to
Co., of Cincinnati, are offering an
Va of 1%.
These bonds were au¬ 1964; the remaining $55,000 as 2s, issue of $25,000 394% judgment $1,000,000.
f
'
thorized at the election held on due $15,000 on Jan. 1, in 1965 and funding bonds.
Dated Nov. 15,
Brownsville, Texas 7-.?
7
Nov. 5. Enclose a certified check 1966, and $25,000 in 1967. Dated 1946. Denom. $1,000. These bonds
Bond Election
The following
for $250, payable to the Board Jan. i, 1947. Interest payable J-J. are due Nov. 15, as follows: $1,000
revenue bonds amounting to
$1,of Education.
Among the other bids received in 1947 to 1961, and $2,000 in 1963
750,000, will be submitted to the
\ 1 '•
y
!•
-V * 'b
r';
was an offer by Halsey, Stuart &
to 1966.
Principal and interest
voters at the election to be held
Westerville Sch. Dist., Ohio
Co., of 100.01 for $165,000 as l3/4s, payable at the Minets Savings
on
Jan. 18: $1,250,000 light and
Bond Offering—Leona D. Kel- and $115,000 as 2s, giving a net
Bank, Pittston. Legality approved
power
system;
$400,000
water
ser. Clerk of the Board of Edu¬ interest cost of about 1.90 %..
by Townsend, Elliott & MUnsoh,
works system, and $100,000 sewer
cation, will receive -sealed bids
of Philadelphia.
system bonds.
;
.
OREGON SliiBI®
until - noon on Jan. ~13, for the
7 '77:TZzz.77
ZZ'Z0;Z. ■ ■ ZzZ- Z
' *■ f:;
Reading, Pa.
purchase
of : $250,000
building
Dallas, Ore. >
■ *7;:
Clarksvilte, Texas
'
~' '
Bend Sale—^The $1,500,000 gqpbonds, to bear not exceeding 3%
Bond Sale Details-^—It is now
Bond Sale — The $17,000 street
eral
and
water
improvement
interest. Dated Jan. 1, 1947.
De¬
stated
that
the
$75,000
water
paving bonds offered for sale on bonds offered Jan. 8—v. 164, p.
nomination $1,000.
These bonds
Jan.
6, were awarded
to ;the 3200L—w;ere awarded to a syndi¬ works and sewerage bonds sold
are due $5,000 on June and
Dec.
United States National Bank, of
cate composed of Harris Trust & jointly to Rauscher, Pierce & Co.
1, in 1948 to 1957, and $6,000 on
Portland, as 1^4 s, at a price of Savings Bank, of Chicago, Equita¬ and the Red River National Bank,
June and Dec. 1, from 1958 to
of Clarksville, as noted here—v.
100.12. The next highest bidder ble Securities
Corp., R. W. PressJune 1, 1970. Rate of interest to
was
the
First National Bank,
prich & Co., Reynolds & Co., Phil¬ 164, p. 3464—were purchased by
be in multiples of Va of 1%.
En¬
Portland, for 194s, at a price of lips, Schmertz & Robinson, and the above at a price of 100.313, a
close a certified check for $2,500,
net interest cost of about i 2.31%,
100.123.
Moore, Leonard & Lynch, as l%s,
payable ; to, the Board of Educa¬
The bonds are dated Jan. 1, at a
price of 100.659, a basis of on the bonds divided as follows:

Iberia), Ohio
7', *'
Bond Offering — Dwight Mc9 '

,

Tulsa County (P.

Bond Sale—The

.

will

•

received

be

until

on

noon

by Ann E. Denger, Clerk
of the Board of Education, for the
Jan. 15,

purchase of $54,000 school bonds
Interest rate is not to exceed 3%,

payable J-J. .Rate to be in mul¬
tiples of 94' of 1%, and no bid is to
be for less than par and accrued
interest.
Denom. $1,000.
Dated

Z

1,' 1947. Due $1,000 on Jan.
1, and $2,000 on July 1, in 1949 to

Jan,

These bonds were

1966.

approved

by the voters on Nov. 5, 1946. A
certified check for $600, payable
of

the Board

to

accompany

Education, must

the bid.

77

^

.

—

-/

,

,

,

.

Newark City School District, Ohio
Bond
Sale
—
The
$265,000

for

sale

164, p. 3463—were
the Harris Trust &

7—v.

Jan.

on

offered

bonds

building
awarded

to

Bank,
of : Chicago, as
1%b, at a price of 102.039, a basis
of about 1.566%, Dated Jan. 1,
1947. Denomination $1,000. These
bonds are due in 1948 to 1972.
The next highest bidder was HalSavings

-

tz

Stuart & Co., for l%s,
price of 102.01;
sey,

Salem
Bond

at a

City School District, Ohio
Offering—G eorge
F.

Koontz, Clerk of the Board of
Education, will receive sealed bids
until noon on Jan. 29, for the

purchase of $750,000 2% school
coupon bonds. Dated Feb. 1, 1947.
Denomination $1,000. These bonds
are due Nov. 1, as follows: $38,000

in
in
in
in
in
in
in
$37,000 in 1963, $38,000 in
$37,000 in 1965, $38,000 in
and $37,000 in 1967. Rate of
$37,000 in 1949, $38,000
$37,000 in 1951, $38,000
$37,000 in 1953, $38,000
$37,000 in 1955, $38,000
$37,000 in 1957, $38,000
$37,000 in 1959, $38,000
$37,000 in 1961, $38,000

in 1948,

■

1950,
1952,
1954,
1956,
1958,
1960,

1962,
1964,

1966,

interest to be
of

Principal

1%.

(M-N)

in multiples of

and

interest

payable at the legal de¬

positary of the Board
The

tion.

Va

approving

of Educa¬
opinion of

& Dempsey, of
Cleveland, will be furnished at
Sanders

Squire,

the

certified
to

District. A
check for $7,500, payable

expense

the

of the

Board of Education, must

accompany

the bid.




4

•

.

•

<

>

.,

,

tion.

ffz

Bond

Willowick, Ohio
Offering—Wm. E,

Village Clerk,

man,

Dett-

will:receive

fol¬
and
1950 to 1959.7 Principal

1947, and mature Jan. 1, as
$1,000 in 1948 and 1949,

about 1.283%.

$1,500 in

due

lows:

Dated Jan. 1, 1947.

$1,000.
These bonds are
Jan. 1, in 1948 to 1962. Second

Denom.

at the City high bid for 100.461 for l%s was
sealed bids until noon on Jan. 27,
Treasurer's
office.
Net income made by Wood, Struthers & Co.
for the purchase of $50,000 3%
///ZZ-ZZ iZZZ 7 Z'iZ-Z'Z' Z
basis of about 1.433%.
village hall bonds. Dated Dec. 1,
: Sayre' School
District, Pa.
1946. Denomination $1,000. These Klamath County, Klamath Drain
Bond Sale—The $100,000 school
bonds are due $2,000 from Dec. Dist. (P. O. Klamath Falls), Ore.
bonds offered for sale on Jan. 2
Bond Sale—The $100,000 drain¬ —v.
1, 1948 to 1972. Bidders may bid
164, p. 3464—were awarded
for a different rate of interest in age bonds offered for sale on July
to Moore, Leonard & Lynch, of
a multiple of Va of 1%.
The ap¬ 27, were awarded to Juran & Pittsburgh, as l%s,:at a price of
proving opinion of Squire,. Sand¬ Moody, of St. Paul, as 2y4s, at a
100.183, a basis of about 1.34%.
ers & Dempsey, of Cleveland, will
price of 96.25. Interest payable Dated Feb. 1, 1947.: Denomina¬
be furnished.
These bonds were J-J.zzz:Vp:,r^z:::zz}z
tion $1,000. These bonds are due
V,-.;:
'.7
' <.. • ■
•/,
■ ■
authorized at the election held on
Feb. 1, in 1949 to 1956. The next
Oregon (P. O. Salem), Ore.:
Sept. 10, 1946. A certified check
Bond Sale—The $1,000,000 vet¬ highest bidder was Blair & Co.,
for $500, payable to the Village, is
erans' welfare bonds offered for Inc., for 194s, at a price of 100.698.
required.
• < •'/•'
7•
sale on Jan. 3—v, 164, p. 3199—
Upper Dublin Township Schoot
Wooster School District, Ohio
were awarded to the First Nation¬
District, Pa. ':[z*:zZ'
Bond
Sale
The $695,000 al Bank, of Portland, as Is, at a
Bond Offering—Edward L. Lee,
building bonds offered for sale on price of 99.0598, a basis of about
Secretary of the Board of Direct¬
Jan.
8—v.
164,
p.
3463—were 1.10%. Dated April 1, 1947. De¬
ors, will receive sealed bids until
awarded to the First
National nomination $1,000. These bonds
8 p.m. on Jan. 13, for the pur¬
Bank,
of Chicago, and Fahey, are due April 1, 1957. The next chase of
$300,000 building coupon
Clark & Co., of Cleveland, jointly, highest bidder was the State Bond
bonds.
Dated Jan. 1, 1947.
De¬
as l3/4s, at a price of 102.289%, a
Commission, for Is, at a price of
nomination $1,000.
These bonds
Z:zZJXi'::.:-ZZ-*Z^
Dasis of about 1.544%. Dated Jan. 99.055.' Z:ZZZzVZ-i y:-;Z"\
are due $12,000 from Jan. 1, 1948
1,
1947.
Denomination
$1,000.
PENNSYLVANIA
to 1972. Bidders to name the rate
and

interest payable

$16,000 as 294s, due from .Jan^ 1,
1948 to 1955; $28,000 as 294s, due
from Jan. 1, 1956 to 1959, and $31,000 as 294 s, due from Jan. 1, 1960
to 1964. Interest payable j^J, 7 7
Eastland
Z

County, Morton

Community Sch.

Dist.

'

Alley

No.

4

;

(P. O. Eastland), Texas
Bonds

Not

Sold—D. D.

Frank¬

Secretary of the Board of
Trustees, reports that the $15,000
school house bonds, to bear not
exceeding 3% interest, offered for
sale on July 11, were not sold.

lin,

.

.

El Campo,

V",*.

Texas 7' "7

Bonds Sold—An issue of

was

<

sewer

bonds

totaling $300,000
purchased on Oct. 25, by R. N.
Co., of Houston.
7

revenue

Eddleman &

—

•

These

bonds

are

due in

1973. The next highest

1948

to

bidder was

3raun,
Bosworth .& Co., Inc.,
Ceylon E. Hudson, and Merrill,
Turben & Co., jointly, for ia/4s,
at

a

price of 101.132.

Belle Vernon, Pa.

El Paso, Texas

Bonds Voted—The

(]

City Auditor

states that at the election held

i

on

Jan.

4, the voters approved by

very

heavy majority the proposal
$2,000,000 track underpass-

a
>

to issue

bonds.

'

1

-

-./v;7;,

.

-■!

7

Henderson, Texas
'
Sale—The $275,000 street
of interest in a multiple of Va of
water, sewer, city hall and park
1 %.
Theapproving opinion of

Offering—Sealed bids will
be received until 7:30 p.m. (EST), Townsend, Elliott & Munson, of
on Jan.
13, by John A. Reppert, Philadelphia, will be furnished the
successful
bidden/ A
certified
Borough Secretary, for the pur¬
Bond

W;kzz,

Bond

bonds
-v.

offered

164,;

p.

for

sate

.Jan. 3
awarded

on

3464—were

to the Dallas Union Trust

Co., of

1

Volume 165

Dallas: Dated Jan. 15,1947.

These

bonds were authorized at an elec¬
tion held in December. The next
■

THE COMMERCIAL & FINANCIAL* CHRONICLE

Number 4559

•

highest - bidder
Southwest Co.

$1,000. These bonds

rate

Jefferson; County Drain District
No. 4,
[

Bond

(P. O. Beaumont), Texas
Offering —W. • W. Pat

Kent, County Judges will receive
sealed bids ' until

10

Jan.

on

a.m.

20, for the purchase of $350,000
drainage coupon bonds; not ex*
needing 4% interest. Dated March

1,

Denomination

1947,

These bonds

$1,000;

due March 1. as

are

follows:' $7,000 in

Denoirt.

1948 and 1949.

or

rates

named

Gas

and

due Feb.

are

1, in 1948 to 1972.
Principal and
First interest payable at the place de¬
signated by the purchaser.
Any
'V

the

was

Dated Feb, 1; 1947.

est.

must be

in

Tobacco

Tax

Break Records

Revenues' 1, $25;000 in 1949, $35,000 in 1950
and 1951, $40,000 in 1952 to 1954,

Both State gasoline and tobacco
tax collections for the first
10
months of 1946 exceeded totals for
all of 1945

263

according to the Fed¬

multiple of V& of. 1 %. ; The Dis¬ eration of Tax Administrators.
trict will furnish the approving
Though gasoline tax revenues
opinion of McCall, Parkhurst & for October were 7% less than for
Crowe, of Dallas, and will deliver the preceding month, collections
the bonds to the bank designated up to Nov. 1 totaled almost $935
by the purchasers without cost to million; *$85.3 million more than
them.
It is anticipated that de¬ the -amount collected during all
livery can be effected within ap¬ of 1945.
October
collections
proximately 60 days.
Enclose a amounted to $100.3' million.
certified check for $12,000, pay¬
During October, State tobacco
able to the District.
~
tax collections increased to $22

Fremont County (P. O, Lander)
Wyoming
Bond Sale — The $110,000 me¬
lVgs; $165,000 maturing Jan. 1,
$40,000 in 1955 to 1957, $45,000 in morial hospital bonds offered for
1958, as iy4S, and $270,000 matur¬ sale on Jan. 8, were awarded td
ing $45,000 from Jan. 1, 1959 to the First National Bank, of Cody.
1964, as 1 Mj s. Interest payable JtJ. The. - next
highest
bidder
was
Dated Jan. 1, 1947. Denomination Otis & Co.
$1,000. Second best bid was an
offer of par for $490,000 as l%s/
and
the remaining
$160,000 as
1 y4s, submitted by F. S. Moseley
Canada (Dominion pf)
& Co., Hornblower & Weeks, and
Booklet on Canadian Govern¬
Lyons & Shafto, bidding jointly.
as

-

CANADA

ment

WASHINGTON
Franklin

County,

Kahlotus

and

Municipal Statistics —
Gundy & Co., Inc., have

Wood,
Cons,

just prepared

booklet of concise

a

statistical information regarding
$8,000 in 1950," $9,000 in 1951, $10^
million. Revenue from this source
Sch. Dist. No. S3 (P. O.
Rosenberg, Texas
000 in 1952, $12,000 in 1953, $13,the financial position of the Do¬
for the first 10 months of 1946 to¬
Bonds Sold
Beecher Coch¬
Pasco), Wash.
000 in 1954, .$14,000 in 1955, $15,minion of Canada, its nine prov¬
taled $197.3 million, $32.9 million
Bond Sale
An issue of $29,250
ran, City Secretary, has Announced
000 in 1956, $16,000 in 1957, $18,inces and 14 of the larger cities.
more than for the entire 1945 cal¬
that the following bonds amount¬
building bonds offered for sale re¬
—

—

000 in 1958, $19,000 in 1959, $20,000 in 1960, $22,000 in 1961, $23,000 in 1962, $24,000 in 1963,
000 in 1964, $28,000 in 1965,
000 in 1966, and $30,000 in

ing to $300,000 and authorized at
the election held

Dec. 21,

on

have

$26.- been sold:
$29 $100,000 street bonds;; T ; iv /
1967.
35,000 sewer system bonds. / :
Principal and interest payable at
i 25,000 park
bonds.
^
the
County
Treasurer's
office.
85,000 water works. r eve n u
The bonds are the general obliga¬
tions

of

the

District.

final

The

Unqualified approving legal opin¬
ion of Chapman & Cutler, of Chi¬
cago, will be furnished tq the suc¬
cessful bidder. Enclose
check

for

a

certified

$7,000, payable to the

County Judge,

*

.

:

sewer revenue

bonds?

Postponement' -V

e

-

.'-Son Ajitonio, Texas
Bond Call
Olive D> Hodson;
*

City Clerk, has announced that
the electric and gas revenue bonds
Nos. 33,554 to 34,945 amounting to

>

Mc Allen Indep. Sch. Dist., Texas
'Bond
Offering — Lewis H.

•

Said

bonds

are

to

redeemed

be

presentation by the regis¬

upon

Moore, President of the Board of
trustees, will receive sealed bids

tered holder thereof. If registered,

until

bearer

8 p.m. on Jan. 29, for the
purchase of $600,000 school house
bonds, not exceeding 3Ms% inter¬

the holder thereof; if of
form, at the Chemical Bank
New York City. In¬
terest ceases on date called. 33'
by

or

& Trust Co.,

was

cou¬

pled with drain on available funds
to pay higher wages is forcing
of major public
postponement
works pro j ects in an increasing
number of U. S. cities according
to the international City Man¬

1947. Denomination $1,000, one for

$250. These bonds

are

due

from

Jan. 1, 1949 to 1953. Interest pay¬
able J -J. The next highest bidder
was

Richards & Blum, for 2s, at a

price of 100.726.

'^Terferai Public Housing Authority

,

•

i

Local Units Offer Temporary Loans — Eighteen Local Housing
Authorities will receive sealed bids until Jan. 28, for the purchase
6f a total of $32,357,000 of their temporary loan notes. These notes
Will be dated Feb. 19; 1947, except the Puerto Rico notes, which wil
be dated Feb. 25, 1947. The various issues are described as follows
A

.

'

Local Authority

Amount
3 $193,000"

*

Rrownsville, Texas
Chicagb, 111.

r.—
-333. 18,471,000
Clackamas County, Ore.526,000
Contra Costa County, Calif.———
M 919,000 '
Fayetteville,; ■ N.' G.i3-.33-33-.3~333V347,0OQ"
Fort Smithj Ark.—*3659,000
——

King County/ Wash.3^.
33"'3;165,000'
New Orleans,
a : 3,080,000
Providence, R. I.—~I——^ 214,000
Puerto

Rico—.

Richmond, Calif.'

-

Richmond, Va.
Rock Island, 111.-—^
San Bernardino County, Calif.-—

368,000 ?:

\

.-i-..-™..--

-

640,000

1,381,000

—

-3 -1,017,000
1,239,000 >

:

Maturity
Feb. 24, 1948
"Aug. 26, 1947
Feb. 24, 1948
Feb. 24, 1948
Feb..24, 1948
Feb. 24, 1948
Mar.
2, 1948
Feb. 10, 1948
Feb. 24, 1948
Feb. 24, 1948
Mar.
2, 1948
Feb. 24, 1948
Feb. 24, 1948
Feb. 24, 1948
Feb. 24, 1948
Feb. 24, 1948
Feb. 24, 1948
Feb. 10, 1948

are

.

Of 17 cities recently surveyed to

provinces,

as

collections

and

well

♦

become^rohibitive.?

•' A 'similarv
report comes- from
Grand Junction, Colo,, where bids
have
been
rejected
on
much-

needed

waterworks

because

for

total tax
capita debts
of the cities. All statistics given in,
booklet

the

are

in¬

flation has put construction costs

as

per

in

terms

of

Ca¬

nadian dollars.

;

Sold—An issue of*

Dated Jan. 10,1947 and due April

'V^-TV'

11, 1947.

BRITISH COLUMBIA

."V

British Columbia (P. O. Victoria)
British Columbia
Debenture Sale — The

$5,000,sinking fund debentures
sale
recently, were
awarded to a syndicate composed
of A. E. Ames
Co., Dominion
Securities Corp., Wood/ Gundy &
Co., Canadian Bank of Commerce,
all of Toronto, and the Royal Bank
of Canada, of Montreal, at a price
of 99.31, a basis of about 2.795%.
These bonds are due on Jan. 15,
1967. The next highest bidder was
Mills, Spence & Co., and Asso¬
ciates, at a price of 98.50.

000 2%%

offered

for

ONTARIO

^Ji^nr-refuMingv bonds,; lq,,he|n
not-exceeding^ 2 % % interest
Dated Feb." 1, 1947. Due Feb
¥
1, as follows: $70,000 in 1951,
•'
$89,000 in 1952, $164,000 in
V: 1953, $170,000 irt 1954, $176,000 in 1955, $182,000 in 1956,
$188,000 in 1957, $195,000 in
1958; $202,000 in 1959, $209,000
o
in 1960 and - $216,000 in 1961.
Coupon rates bid shall be in mul¬
tiples of J4 of 1%. Principal and

$75,000
Jan. 9,

treasury bills was sold on
at an average yield of 0.399%.

.

station have

included

penditure of the Dominion and the

Bills

'

UNITED STATES

tables

,

Seattle, Wash.
Bond Offering — W. C. Thomas,
City Clerk, will receive sealed bids
determine effects of rising prices
until 10 a.m. on Jan. 13, for the
on
municipal
operating
costs, purchase of the following revenue
nearly all
are
curtailing con¬ bonds amounting to $8,361,000:
struction of capital improvements
$6,500,000 series LR-7, issue of
because
of
100%
increases
in
1933,; municipal
light
and
building costs. At the same time
power bonds, to bear not ex¬
immediate necessity to pay higher
ceeding 6% interest. Due Jan.
wages and extend some city serv¬
1, as follows: $70,000 in 1949,
ices regardless of cost has stimu¬
$90,000 in 1950, $80,000 in
lated the already almost desperate
1951, $100,000 in 1952 and
search for new sources of revenue.
1953, $149,000 in 1954, $199,Muskegon, Mich., is cited as a 1
000 in 1955, $250,000 in 1956,
typical example of public works
"$303,000 in 1957, $356,000 in
curtailment.
Work on the city's
1958, $410,000 in 1959, $464,new sewage
disposal plant addi¬
000 in 1960, $519,000 in 1961
tion has been suspended because
:
$576,000 in 1962, $634,000 in
at current prices it would cos ;
t
1963, $592,000 in 1964, $551,$900,000 fpr construction planned
000 in 1965^ $533,000 in 1966
last year to cost $500,000. Bartlesand $524,000 in 1967.
ville, Okla., may have to ration
water next summer because costs
1,861,000 series LS-4, issue o
1946, muncipal light and powof constructing a new - pumping
agers'Association,

Two

awarded to Foster &

comparative purposes relating to
Marshall, of Portland, as 1V2?, at
the debt position, revenue and ex¬
a price of
100.094. Dated Jan; 1,

'

Bonds Voted
An ; issue' of $1,392,000, are called for payment
on Feb. I, at the principal amount
$350,000 drainage bonds was rati¬
thereof plus accrued interest, plus
fied at the election held on Dec.
a premium of
$50 for each bond
: 14gj946
redeemed.
Dated Aug.
1, 1942,

1

cently,

Inflation Forces Public Works
Inflated construction costs

bonds,

55,000

endar year.

Ontario (P, O. Toronto), Ont^
.

:

Debentures Offered for Invest¬

ment

—-

An issue of T td' 2% % de¬

bentures

totaling $50,000,000, is
being offered for public subscrip¬
tion by Wood, Gundy & Co., of

beyond municipal budget limits.
Toronto. These debentures mature
Berkeley, Calif., recently adopted
in 1948 to 1977.
a policy of rej ecting
bids out of
line with normal price levels on
QUEBEC
virtually
all
but - "emergency"
Bedford, Que.
projects. Austin, Texas, is post¬
Bond Sale — The $50,000 3%;;
poning construction of new mu¬ semi-annual interest payable at
nicipal buildings for which plans the Washington Fiscal Agency in semi-annual improvement bonds
New York City or at the City offered for sale recently, were
already were completed.
awarded to Wood, Gundy & .Co.,
j The same dilemma prevails in Treasurer's office, at the option
..

*

>

,

other cities. In Long Beach, Calif .,
construction of new fire stations

of the holder. Said bonds will be

and

the Canadian

Bank of Com¬

York merce, both of Toronto, jointly,
Scranton, Pa;
* 501,000
and libraries is being postponed. City, Chicago, Boston or Cincin¬ at a price of 102.35, a basis Of \
Seattle; Wash.
.——3.———t-!-1^414,000
High Point, N. C., also is curtail¬ nati, at the option of the pur¬ about 2.76%. Dated Jan. 1, 1947.
Tuckahoe, N. Y
—
105,000
ing public works
construction. chaser, and shall be registered as These bonds are due, in from 1
to 20 years. The next highest bid¬
! Local Housing Authority Notes Washington County Housing Au¬ Budget increases in both these to principal. Legality to be ap¬
der was Rene T. Leclercj Inc., at
Awarded by 11 Units—The tem¬ thority, Pa;, notes, at .88%, plus a cities are attributed to municipal proved by Wood, Hoffman, King
& Dawson, of New York
. V
;
City, a price of 100.19.
pay increases and extension of es¬
~
•
porary
loan: notes
aggregating premium of $11.00.;
whose favorable opinion will be
Salomon Bros.
& Hutzler, of sential services to new residential
$27,444,000, offered for sale on
Montreal,, Que.
i
delivered to the purchaser free
districts.
;
Jan. 7, were purchased as follows: New York, were the successful
Debenture Sale — The following
Other cities postponing work on of cost.
The Chemical Bank & Trust Co,, bidders for the $2,000,000, Thirty:V.^£
'■'i C'*' '4:^'.-"v !
pf New York, and Associates, were fifth Series, St. Louis Housing Au¬ planned capital improvements in¬ Yakima County, Selah Sch. Dist. debentures amounting to $34,077,the successful bidder for $1,781,000 thority, Mo., notes, at .88%, plus a clude Ashtabula, Ohio; Newton,
000 and offered for sale recently,
(P. O. Yakima), Wash.
Bremerton Housing Authority, premium
of
$23.00;
$1,500,000 Kan.; Roanoke, Va.,; and West
awarded
to
Bonds Voted — An issue of were
a
syndicate
Palm Beach, Fla. Despite curtail¬
Wash., $925,000 Little Rock Hous¬ Twenty-eighth Series, Allegheny
$20,000 construction bonds carried headed by the Dominion Securities
ing public works construction,
ing Authority, Ark., $2,558,000 County Housing Authority, Pa.,
at the election held on Dec. 14.
Corp., Ltd., of Toronto, and L. G.
St. Louis Housing Authority, Mo., notes, at .89%, plus a premium of more than half the 17 cities sur¬
These bonds are due in 10 years,
Beaubien & Co., of Montreal, ^ at
$7,331,000 San Francisco Housing $23.00, and $1,000,000, Thirty-fifth veyed have found it necessary to
Au'thori ty,; Calif.
San
Francisco
Housing increase tax rates during the
(City and Series,
a price of 99.11:
VIRGINIA
past
County), and $152,000 Santa Bar¬ Auth orit y, Calif.
(City and
Cabell County (P. O. Huntington) $4;050,000 1^% refunding bonds.
bara County Housing Authority, County), note's, at; .90%, plus a year.: Three cities lowered tax
W.Va.
Due Nov. 1, 1948.
rates in 1946 but increased prop¬
Calif., notes, at .90%, plus small premium of $19.00. *
2,466,000 21/4% refunding bonds. ;
; Tenders Wanted
Boone B.
.The
premiums.
valuations
generally
in¬
Bessemer;;-Trust,; Co., of erty
Due Nov. 1, 1951.
Arthur, President of the County
The Central Hanover Bank & Jersey City, was the successful creased total
property tax rev¬
9,416,000 2 J/2 % refunding bonds.
Trust Co., of New York, was the bidder for the $786,000 Winne¬
Court, will receive sealed tenders
enues.
Due Nov. 1,
as follows:
'3',
until Feb. 1, for the purchase of
successful bidder for the $1,292,- bago County Housing Authority,
$4,114,000 in 1953, and $5,302,*
toll bridge revenue bonds, dated
000, Twenty-seventh Series, Alle¬ 111., notes, at .88%, plus a premium
VERMONT
000 in 1954.
/
;
Aug, 1, 1940.
'
j
gheny County Housing Authority, of $2.00; $697,000, Twenty-second
6,259,000 3% refunding bonds.
Pa., notes, at .85%, plus a premi¬ Series,, Norfolk Housing Author¬ University of Vermont and State
Due Nov, 1, 1960.
WYOMING
Agricultural College (P. O.
um of $7.00;
$1,000,000, Twenty- ity,. Va.> notesr. at .89%> plus a
979,000
3%
refunding
bonds.
Burlington), Vt.
sixth
Converse County, (P. O. Douglas)
Series, Allegheny County premium of $2.00, and $175,000,
Due Nov. 1, 1963.
Bond Sale
The $650,000 dor¬
Housing Authority, Pa., $986,000, Conway Housing Authority, Ark.,
Wyoming
10,907,000 3% refunding bonds,
Twenty-fourth
Series,
Norfolk notes, at .90%, plus a premium of mitory revenue bonds offered for
Bond Sale — The $20,000 me¬
f
Due
Nov.
1,
as
follows:
Housing Authority, Va., $500,000 $2.00...
%j;.sale on Jan. 7—v., 164, p. 3464— morial hospital bonds offered for
$7,522,000 in 1968, and $3,385,R. W. Pressprich & Co., of New
Thirty-first
Series,
St.
Louis
000 in 1969,
'
sale on Jan.. 4—v, 164, p. 3464—
were awarded to a syndicate com¬
Housing Authority, Mo.,
notes, York, were the successful bidders
,

-

delivered

in

Seattle,

New

,

;|||1|;WEST.:

,

,

—

-

at .86 %, plus a premium of $7.00 -for the $1,000,000, Twenty-third
each series; $1,007,000 Charles¬ Series, Norfolk Housing Author¬

on

posed of Roosevelt & Cross, G. F.
Childs

&

Co., Mackey, Dunn

were

purchased

as

0.75s. Interest Dated Jan. 15,1947. Principal and

& payable F-A. Dated Feb. 1, 1947. interest. payable in lawful money

ton
Housing Authority,
S. C., ity, Va.,.notes, at .79%, plus a
Co., and Tripp & Co., all of New Denomination $1,000. These bonds of Canada. The next highest bid¬
$979,000, Thirty-second Series, St. premium of $28.00, and $1,000,000,
are due $10,000 on Feb. 1, in 1948 der was the Credit Interprovincial,
Louis
Housing Authority,
Mo., Thirty-third
Series,
St.
Louis York, at a price of 100.031, a net
;notes, at .87 %, plus a premium of Housing Authority, Mo., notes, at interest cost of/ about- L43%, as and 1949, The next highest bid Ltd., Montreal, and Associates, at:
$7.00 on each series, and $775,000 .84%, plus a premium of $28.00. follows: for $215,000 maturing Jan< was for Is.
'
a price of 99.02.




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