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$ 1
MONDAY
Reg.
Volume 161
New York, N.
Number 4351
S.
U.
PUBLIC UTILITY
-
Abraham & Straus, Inc.—87 Vz -Cent Common
The
the
common-stock;
75
cents
87%
share
The
The
on
25 to holders of record
Aircraft Corp,—-Initial Distribution—
share on
per
2753. /
;
-
:
'
■
Dec.
on
an
Aetna Casualty &
directors
The
have
Vice
that
stockholders
to
recommend
to
share
held
be
to
payable March
directors
The
be at
will
the
considered
be
plan
from
equipment.
also
dividend
close
the
on
new
Activities
will
of
the
new
in
worldrwide
be
export
company,
L.
scope.
A.
Hull,
New York
Curb
(Stocks)
New York Stock Exchange (Bonds)
V
;
Stock
Exchange
.
il
_1
Exchange
Baltimore Stock Exchange
Boston Stock
_
_
_
_
Exchange
__
_
Stock
Cleveland
_
!___
Exchange
_
Stock Exchange
_
Detroit Stock Exchange
_
Los Angeles Stock Exchange
according to Mr. Adams,
Vice-President of Air Re¬
_
279,236
229,390
profit from operations
Admin, and gen. office exp.__—__
$1,716,041
$2,075,978
$2,385,259
/
Toronto
gases,
utilisation.-
-
Curb
Stock
213
company
common
each of
Jan.
on
10
paid
an
extra
Exchange—.
Investment
'.:
Completed—
_
_
_^—__
-
The
Course of Bank
•
" V .//>//■■:
eral
V.
District
161.
p.
Court
Final
arguments
7
Balance Sheet,
All American Aviation, Inc.—Calls
233:
234
234
234
235
Federal
Reserve
deferred
due
;
• 7 k.-,
w
7 ^7 ./•
.,
-
-7
236
237
239
corporation has called for redemption on Feb,
and
interest, $1,652,000 of outstanding 3*4%
The
102.65%
vertible notes,
nental
York,
Bank
N.
due April 15,
&
Y.—V.
Trust
160,
5,
next,' at l
secured con¬
Payment will be made at the Conti¬
New York, trustee, 30 Broad St., New
1954.
of
Co.
p.
;
announced that it will reduce passenger
6%%,,..effective about March 1, next.
in making this announcement, stated that
his line had developed improved operating methods and greater effi¬
ciency, and had attained a much higher utilization of aircraft than
formerly;
Despite the highest wage levels and materials costs in his¬
tory, American felt it should pass these economies along to the public,
according to Mr, Kemp.—V. 160, p. 2753.
The
A.
249
Aluminum
Co.
been
court's
Curb
with
a
P.
Corp.—Subsidiary Cuts Stock
Commission
S.
has
wholly owned subsidiary,
Commercial
is
authorized
to reduce
the
Commercial
the par value of its
the
of
the present corporate set-up
than $18,000,000 and the stock
unearned surplus for the elimi¬
and to provide for certain adjustments ordered
Cable
sheet
balance
a
nation
deficit
Co.
deficit
designed
came
into
of more
create an
to
proceeding,—V .160, p. 2537.
of
its
suit
for
dissolution
of
the
company
•
>
as
American
producer
the
of
metal,
and proper business practices.,
was
the legitimate
Hardy
has
Jr.,
been
whom
appointed
he
will
Assistant
in
assist
to
the
Vice-President
field
result
Tuckerman
of
*
-
American Express Co.—New Vice-President of Unit—
7
-C, R. Merrill, Assistant Vice President of the American Express Co.,
a Vice President of the American Express Field Ware¬
has been elected
housing Corp., it was announced recently by Ralph T. Reed, President
of both'companies.
Mr. Merrill has been a director of the American
Express Field
of
Charles Fahy, Solicitor General,
•
Warehousing
Corp.
since
its inception in May
year.—V. 161, p. 105.
Banks, Corporations and Individuals have found
us an effective market place for large or small
Offerings
Unlisted Securities
Brokers,
Dealers,
Institutions,
BLOCKS of SECURITIES
Corporations
which
j
are not
readily marketable.
INQUIRIES INVITED
•
■ -•
,
|
INCORPORATED
Members
Established 1922
•
45
N. Y.'
Bell Teletype: NY 1-573
New
York
NASSAU
I
Security Dealers Association
STREET, NEW YORK 5
Telephone
Philadelphia Telephone
REctor 2-3600
Enterprise 6015
Bell
public
was
an -
,
sole
J.
reecntly released by the Navy Department,
;where he had served in the Third Naval District and as liaison officer
overseas,—V. 161, p. 1.
Mr.
W.
Smith,' counsel for Alcoa, and Timothy N. Pfeiffer,
attorney for Aluminium, Ltd., its- wholly-owned Canadian subsidiary
contended
that, their clients had operated
independently, efficiently
and legally.
Alcoa does not have a monopoly in the aluminum-pro¬
ducing field at present, Mr, Smith pointed cut, ,and its former position
as
Tuckerman
Arthur
relations,:
of America—Decision Reserved—
Bids
qALLEN&CO.
Co.,
write-down
223
_i
York
New
The
223
Exchange... 223
Kobbe, Gearhart & Company
HAnover 2-2600
of
capital stock from $25,000,000 to $5,000,000.
has been reserved by the three U. S. Circuit Judges who
hearing argument on "the Government's appeal from a lower
dismissal
For
Telephone
Jan. 9
on
President,
FIRM
DEPARTMENT
NEW YORK 4,
average
Kemp,
American Cable & Radio
The
Cable
Decision
had
Municipal Ronds
30- BROAD STREET
an
Charles
FLORIDA & NEW JERSEY
,
corporation
N.
American Car & Foundry Co.—New Official—*
SPECIALIST IN
MUNICIPAL
under terms
Airlines, Inc.—To Reduce Fares—
by the Commission in a recent accounting
legal
2393.
annual .installments
in
payable
agreement dated Oct. £0,71941, $1,175,000;
compensation
insurance,
$73,312; reserve
illegal monopoly.
Called—
installment
agreement,
notes,
tariffs
201
242
Stock Exchange...
Stock and Bond Averages..
William
Alleghany Corp.—$1,652,000 Notes
credit
(long-term
$275,000; accounts payable and sundry accounts,
Federal excise and other taxes accrued, $140,081;
State income tax accrued, $620,339; Bankers Trust Co.—
1945),
1,
property,
of revised
reserve for work¬
for contingencies,
$200,000;
deferred
credits,7 $8,162; 5%
first preferred cumulative
stock (par $10), $6,735,968; common stock (par $1), $690,549; capital
surplus,
$383,432;
earned surplus,
$2,885,157;
total, $13,815,486.—
V. 158, p. 2573.
7/,-,? v '
;•'/^
7/.7: .7 77/:,.,7 .,.;;-
,
total, $13,815,486.
payable
credit
Preferred Stock—
^
charges, $99,721;
Aug.
men's
.
160, p. 517.
$678,576; investment in U. S.
2%%
238
243
System
Transactions New York
corporation has called for redemption on Feb. 16, 1945, all of ;
Its outstanding convertible preferred stock at $27.50 per share.
Each /
preferred share is convertible into five shares of common stock on or H
prior to Feb. 6.
Payment will be made upon presentation of the
certificates-at the office of the company, Wilmington, Del., prior to
Feb. 16, and thereafter at Wilmington Trust Co., Wilmington, Del.—
Sept. 30, 1944
notes,
235
236
The
V.
578,491
$10,000; accounts -receivable (less reserves for
losses,
$20,000),
$1,312,768;
notes
receivable, $13,221; inventories,
$2,997,253; advances and expenditures pertaining to cost of processing
1944 crop of beets, $655,155; stocks, bonds, contracts and miscellaneous
investments, $266,416; post-war refund of excess profits tax, $50,720;
fixed assets (after reserve for depreciation of $4,394,337). $7,731,656;
Condition Statement of Member Banks of
heard Jan. 6.—
J
$999,083
474,908
243
i_
Transactions New York
were
•
$752,267
474,908
deposit and on hand,
on
tax
Treasury
Combined Condition Statement of Federal
' //
/
Boston.
at
105.
930,087
$756,494
—7,—_
Assets—Cash
232/
240
Clearings
Foreign Exchange Rates,
'
Testimony in the action brought, by the SEG against the company
whereby the SEC seeks removal of trustees and liquidation of the
Trust, was""Completed Jan. 5 before Judge George C. Sweeney in Fed-
968,441
pfd, and common stock
228
Redemption Calls and Sinking Fund Notices 242
243
Dividends Declared and Payable........
Suit'
SEC
in
Trust—Testimony
140,570
525,718
warehouses and freight
company-owned truck included in. marketing expenses.
Federal and
i
—
Exchange
Reserve Banks
Aldred
21,954
-
on
charges for
224
Miscellaneous Features
*
///:;'// -V
Crl,658
taxes
income..
$528,487;
General Corporation and Investment NewsState and City Bond Offerings and Sales._
dividend of 25 cents per
161, p. 1.
$2,228,197
158,457
291,967
$1,903,448
160,788
^
the
the 19 preceding quarters.—V.
income
for
American
regular quarterly dividend of 25 cents per share on the
stock, of no par value.
Similar distributions were made in 7
and
47,884
$1,572,521
"Arising from charges for storage in overflow
.238
Over-the-Counter Markets
Besides supplying indus-.
the Airco group produces the equipment for
;-// vv /.;;/••/'/;/,' //V'.
Pays Extra Dividend of 25 Cents—
The
84,449
$2,185,097
43,101
charges———
non-recurring
Net
1
share
200,162
$1,488,072
inconie__._w.___~
.236
—
Toronto Stock Exchange—Curb Section
approximately. $100,000,000.
medical
and
their
220,415
$1,855,564
income——...
_236
St. Louis Stock Exchange
Montreal Stock Exchange..,
Air Reduction subsidiaries operate a total of 185 plants,
from Maine to California, with which are combined laboratories and
sales offices.
Gross sales of the Company and subsidiaries for 1944
trial
227,969
operations....—
profit from
Dividends
In America,
to
from
Gross
Liabilities—Notes
Philadelphia Stock Exchange
Pittsburgh Stock Exchange—
Montreal
-
-
______
Chicago Stock Exchange
Cincinnati
_
7,729,045
$1,796,682
Income
Page
of the board of directors
of the new company, and H. R. Salisbury, formerly Executive Secretary
of
Air
Reduction's
Post-War
Planning
Committee,
and previously
Philadelphia district manager of Air Reduction,
has been named
President.
Airco Export Corp. will have offices and display rooms
at
33 West 42nd St., New York, N.
Y.
A complete line of Airco
exportable products, including gas welding and cutting apparatus,
calcium carbide, ■arc welding machines and supplies, anaesthetic and/
therapeutic gases and apparatus, and hospital supplies, will be on
display there.
7/7- '
■/■.;./,
amount
8,917,692
profit from
Total
,
duction Co.;.-Inc.,' has been named Chairman
will
$2,155,869
$10,271,122
70,011
$1,353,429
362,612
Issue
7
Unit—
$10,455,404
8,658,721
$9,884,915
sugar sales_'__
auxiliary operations-
Prov.
greatly
a
$9,814,903
sold____.—
sugar
Gross
Stock and Bond Quotations
intensified foreign market following
Jfne • W4U, this company on Jan. 8 announced through C. E. Adams,
Chairman,
a
major expansion into that market by the formation
of Airco Export Corp. to consolidate and direct the export business
of Air Reduction's subsidiaries. The Ohio Chemical & Mfg. Co., Air
Reduction Sales Co., Natiotoal Carbide Corp., Wilson Welder & Metals
Co., Inc.;
and Pure Carbonic, Inc.
In addition, arrangements are
being made for the new company to act as export agent for other
companies manufacturing chemicals and allied products.
of
$10,246,133 $10,395,669
24,988
59,735
sold—.
sugar
Other deductions—j.
year-end of $1 on
Air Reduction Co., Inc.—Forms Export
of
Other
This
In
from
Balance
Cost
will v
stock
return
Net
"Differential
Net
New York
anticipation
7'
Net
present stock.—V. 160, p. 721.
In
.
ICC,
13.
each and a
dividends of $1
.7 •
the
with
filed
The
17.
v.//-/-'"//':/'
in common stock.
and $353,000
Louis & Chicago RR. and its guaranteed stock- ;
$1,750,000 in common stock.
.• /■ ;
the sale of the first mortgage bonds would be used
the 7
and decision on further distributions
of each year.
In 1944 the company
year,
the
at
quarterly
four
paid
the
to holders of record Feb.
the
that
announced
of $2.50 per
rate
1
these proposals on Feb.
the
with
St.
capital be Increased to $6,000,000 from $3,000,000, that the increased
capital stock be paid for by transfer of $3,000,000 from surplus
account to. capital stock account, and that the directors be author¬
ized
to
declare a stock dividend of one additional share for each
stockholders-will vote on
filed
has
company,
get
purchase new
The
President of
Surety Co.—Stock Dividend—
voted
the
7; 77:7 7;-:,7-7;
/■''
:/;/'/;
proposed to be effective Jan. 1,
1945,-wguld reduce the capitalization of the Alton system from $98,927,376 EoZ$74,387,379
and would cut annual fixed
charges from
$1,693,530
to
$700,000,
with an
additional $900,000 of contingent
interest charges.—V, 161, p. 105.
.
7 7. ,• ;/'• •/
to
the Detroit Harvester
Co.; heads a syndicate which announced on Jan. 5 the purchase of
the Aerovox Corp., manufacturers of electronic condensers,
formerly
Owen,
Myron
City,
would
Proceeds
Bedford, Conn.—New Control—
Aero vox Corp., New
of
income bonds
Kansas
holders
W,
MISCELLANEOUS
-
RR.—Reorganization Plan Filed—
trustee
000 in
;.s-it,
V'v
•
paid
30
INSURANCE
-
,
initial dividend of 10 cents
the common stock to holders of record Dec. 28.—V. 160,
corporation
Copy
a
and
Lawrence
S.
Apsey, special assistant to the Attorney General,
7
retorted that Alcoa
had eliminated all possible competition in this
Federal District
country,—V. 161. p. 105; / ; - k:
::
Court, Chicago, a reorganization plan for the railroad and its leased
lines.
The plan proposes a new first mortgage/of $15,000,000 of 4%,; ,
Amalgamated Sugar Co.—Earnings—
;
50-year bonds,. $20,000,000 of 4V2% income bonds and 349,768 shares
Years Ended Sept. 30—
1944
1943
1942
($100 par) common stock.
'/ ;/
::////;/.v'''''' 7'■■V .v
Sugar
sales
$13,652,761 $13,703,777 $13,208,417
Holders of $45,000,000 refunding 3% bonds with .unpaid-interest of
Federal excise tax on sugar
1,224,488
1,256,405
1,239,451
$5,782,125, would receive $18,340,000 in income bonds and $32,792,125 ]
2,082,524
2,051,703
2,154,062
in new common stock.-/
-'/'•*'"/7/7r.7-.,v..-,. Sugar marketing expensc~_.__v.__..
Paymt. to Commodity Credit Corp.
99,616
______
______
The Joliet & Chicago RR. and its stockholders would receive $1,356,-
Alton
Div.—
cents per
1521).—V. 161, p. 105,
/., Aeronca
p.
of
value; payable Jan.
par
no
dividend
a
Payments during 1.944 were as follows: Jan. 25 and April 25,
each; July 25, $1.25; and Oct, £5, 87Ya cents (see V, 1159,
15.-
Jan.
p.
have declared
directors
Price 60 Cents
and Investment News
INDUSTRIAL
-
!;,
Office
Y., Monday, January 15, 1945
General Corporation
RAILROAD
Pat.
&
7
HILL, THOMPSON & CO.,
120
Teletype
New York 1-576
Broadway, New York 5, N. Y»
INC.
of last
THE COMMERCIAL
202
Funded
Socket Co.—Earnings, etc.—
1943
1941
$2,725,757
$998,277
$860,210
$541,977
2.304,603
787,780
736,274
514,960
American Forging &
1944
3 Mos. End. Nov. 30—
Fales
tGross
"Cost
of
sold—
goods
income
$210,496
12,202
$123,936
8,901
$222,698
$132,837
1,310
859
(due
deductions
269
Fed.
income
317,612
99,625
52,791
$119,971
(est.)
inc. ..taxes
Net
——
$121,764
of
Sept.
1944,
1,
$25,615
Net
sales
for reneg.
tProvision
Hornblower
$6,447,620
40,000
2,590
—$6,490,210
Cost of products sold——
5,455,397
Engineering, selling, & administrative expenses.
283,468
Provision for post-war reconversion of plant—
60,000
Loss on disposal of machinery and equipment..
15,111
Interest
2,881
f Normal income tax and surtax (.est.)
150,000
Proceeds from insur.
Miscellaneous
life of deceased officer.
on
income
—.——--————
Net
Cash
Provision
Becker & Co., Inc.—
Sachs & Co.—_
5.2
Hemphill,
Ripley &
in
that year;
in
provided therefor from profit,and loss
amount
after credit for applicable taxes, was $36,000
earned surplus in the year ended Aug. 31,
overproyision,
credited
profit
that
a
favorable
more
losses
Years.
the year
settlement
the years
for
;
should
ended Aug. 31,
./>'/ vz/'/.".'
/.
.
be
^Federal
obtained.
at
fiscal
-'h-:•'/V
z -
fiscal
26.
deduction
:
of
■.
to
1, *44 Aug. 31, '44
$1,311,755
Payments
372,978
-
400,310
69,750
/
34~410
tecilities).——41,743
uor
6'5.,yio
"
554,411
40,05.9
assets;./—65,855.
p.ant ana e^a-ipm—i——,
' 4^.0,440,/■
488,629
fjcropervj,
-C-—/A/'-——"'.'/..%//' f- 1
Patents'
1
34,479
26,273
$3,300,728
$3,005,998
$451,057
$386,852
81,311
Deterred charges;
Total
'
—A AA-A----
Liabilities-—
accounts
Payroll
Lease
Federal
xor
lor
Reserve
113,730
taxes-
renegotiation^—
James
Accrued
compensation and xiabi.it/, insuranceemployee
vacation
Reserves for
post war
Reserves
for
current
Common
stock
($1
bonus
Federal
value
20,742
231,400
231,400
i-Av.r
A/,—A—~.—
410,000
410,000
598,026
506,981
L.
plus
cost,
accrued
counts of $2,000.
and
Interest.
tAfter
at
$236,143
31,
tAfter
1944.—V/160,
p.
$3,005,998
doubtful
for
allowance
for depreciation of
reserve
Aug.
Home
blower & Weeks
ac¬
$275,845 at Dec. 1,
Products
Jan.
on
9
Corp.—Stock
announced
Sold—Horn-
that the
offering
98,535 shares of capital stock (par $1) had been sold.
Subscription warrants for these shares were issued to the
holders
of
the
capital
stock of the company and upon
subscription warrants 92,690 shares
the exercise of such
issued.
been, sold
The
remaining unsubscribed shares have
by the underwriters.
Corporation,
organized in Delaware Feb. 4, 1926, is
en
operating and
holding company which, with 56 active subsidiaries, is engaged in: the
manufacture and sale of products falling principally
classifications'/
/'
(1).Ethical
drug
preparations
of
the
following
in the five major
r]
,
types:
medicinal,
dentifrice
advertised
medicinal,
pharmaceutical,
vitamin
products such as floor waxes, polishes,
cleaning preparations, mcps, lubricants, cements and dyes.
(_4) Food products such
as baby foods, soluble pure
blend, prepared baking mixes and broth powder.
and
toilet
.
coffee,
in
its
own
materials
Since Gctober,
operating
in
1942,
the
wide
a
which
used
the corporation
raw
purchased
has
chemical
organic
.
acquired
and
the
and
from
are
manu¬
many
certain
sources.
subsidiaries
dairy
products fields,1
of supply for certain of
primarily for the purpose of obtaining sources
raw material requirements.
The principal customers are retail stores,
wholesalers,'.physicians'
supply houses and at the present time U. S. Government agencies.
Domestic
sales,
are
sales
throughout
the
each of
made
direct
to
such
customers
through
the
Foreign
organized
operate
and
States.
distributing
warehouses
maintained
is considerable' competition in
There
major fields in which the corporation operates.
activities are conducted in some countries by subsidiaries
or
licensed
directly
under
the
laws
of
the
countries
in
which
they
through
branches, and in certain other countries
through agents, distributors and licensees. The most important foreign
foreign markets in 1943 were Latin America, England and Canada in
the
order
named.
Purpose—Net
for
or
proceeds
ijts general corporate
will
Necaro Co.,
be
purposes.
added
to
working
At
the
3%.
the
working
capital
and
used
earnings
each
on
the
In
of
the
sales
of.
dollar
previous
and
1/Gth'
both
in
/':"/•
capital,
strong financial position
increase of $6,526,614 over
a
an
end
the
;
/v/",;.;,,:
;
.
its
funded
fiveryear
of
of
$15,000,000
current
further
]:\ /
companv
structure.
7%
no
made
(:
notes
guaranteed
issue
an
debt
installment
the
had
company
Costs—During 1944 the
call
by
in
year
year's
$65,000,000
1964
and
Series
E
3fq%
$10,000,000
semi-annually to
In
1943; in
of
first
;
January
in
issued
Delaware
first
preferred
mortgage
the
con¬
rtock,
20-vear
sinking
1954,
in
order
fund
due
mortgage
Serial Notes,
2V*%
Sept.
the
to
at
bonds
rate
of
refund
$61,365,000
sinking fund bonds due in 1955 and
.1957
respectively, and the above mentioned $15,000,000 dollars of
D 3%%. first
mortgage sinking fund bonds..;. This financing
a
material saving in annual interest
charges and i» addition
extende dmalurity
dates./z;-;;;//.//■>■//''/'///; v. /
"
effected
and-0eorge R.
Inc.,
President,
Jan.
on
'
•*
•
/.
■j1
Jtl;•• ^'n.**f*<*• fOTJq...
;
j
of
Jan.
electric
the
of
properties
this
over
161,
kwh. for the corresponding week of
the output 'of 83,198,400
are
1944
1944. ;/
Holders
RR.—Coupons Ready to be
%
Attached to
first
present such bonds at the office of the company, 33
N. Y., for the purpose of having annexed thereto; ;
July
due
bonds,
4.%
1,
1395,
been
have
of
attachment
for
for
coupons
interest
additional
become
to
voting
of.
50%
ing
the
of
an
Dec.
on
of
in
of
all
resuit
tributed
directly,
in
the
capital
the
to
the
present
respective
tificates, ;'were.issued.
of
stork
record
amounts
this
company
for
ever
by
to
Insurance
Title
The
business"
13
Jan.
on
bonds
fund
sinking
$23,888.'
•-
&
to
Trust Co.,
co-trustee,
to
will until
it of
sufficient to
■'
amount
an
%"■.'/"/ '■
the
the
cer¬
than
the
then
in
hands
the
of
the
undersigned
and
vet
other
up
and
1943.
the
accomn'ishments
profitable
a
separate and
We
new
...
and;
most
and
/ ' ;
/,
Profit and Loss
its
Allies
( Armour
expanding
di'Unct
and
us
will
$177,206
110,463.
'
Int.,.
$166;199
&
etc.-—a
Gain
on
$82,698
—
of
retirement
13,815
15,067,
6,822
bonds—
$63,160
$73,762
Profit
Bond
to
in
which
■
—
of
Amortization
bond. expense,
Federal income taxes
27,487
1,956
2,159
;
For.
/
Nov.
Assets—Cash
under
terms
interest
$6,034;
of
and
in
bank
trust
and
indenture,
retirement,
commissary
(after
reserve
ferred
charges,
for
hand,
on
Co.
of
111.
and
etc.,
supplies
for
$76,262;
and
depreciation),
$56,572;
total,
pavment
food
of
Oct. 31/42
accounts
(at
$976,773;
cost);
prepaid
insurance, bond
receivable
(trade),
$916;
fixed
expenses
readily
;.
1/41 /■/
$
>;■/'"/
926, 236,109
9,327,544
6,936,050
49
O-m/631
8. 651.925
,
6 665,102
1,500,000
1,200,000
'900,000
900,000
43,187,811
28,771.306
26,107,801
960,040
1,468,420
1,721,958
50.411 ,444
44,147,831
30.231,726
27.829,750
6,111 ,368
5,401,007
f31r*»g'
est—
4,035,649
123,45"
819 ,756
debt
10.tV "ig
(
94,890
'
3,640,420
7,2r4 9«7
-.782,303
155,058
22.176
59,580
202 ,540
17 ,565
157,284
transact.
ttCrll9,862 tfC?"311,414
realiZ——
1.752,812
288,663
$6
on
"
Income
flncludes
excess
realized
earnings
taxes
profits
in
U.
deferred
the
cumulative
Sept.
22,
1943,
1,943, on
latter date
ttUnrealized
7%
for
7%
net
$15,924,549
liability
to
2,338,482 ;
799,494
S.
in
and
after
currency
the
paid
1940
on
preferred
deducting
in
and
the
1941
Armour
stock., all of
&
post-war
1942
fiscal
fiscal
credit.
years;
Co,
which
of
was
year
retired
interest accrued from April
income debentures exxchanged
preferred stock on a par for par basis.
and
on
Delaware
$277,148
cumulative
7%
on
or
1
to
as
of
dividends
on
shares called for redemption Jan.
1,
'
fllllW
Liabilities—Accounts
/
gain.
tflncludes $11,352
1942.
799,494
taxes,
♦♦Represents, dividends
13,
15,111.410
3,690,538 $.13,757,002
■
.
2,398,482
5Q6,935
Hfll4.802.607
.
♦♦3,125,339"
■•' "
-
292,800
14,570.838
./—_'
prior:.-'
♦Other than
Juno
467,900
11,250,348
preferred
nCrl.501,087
—-
income
Divs.
1,413,394
defd.
7% .pref. dlvs. (Del.)
de¬
payable
(trade),
$6,909;
accrued
liabilities,
$11,874; guests' and sundry credit balances, $2,437; taxes payable or
accrued, $41,319; bond interest—payable from funds held by co-trustee
(212 % )> $26,443; deferred income—unearned rentals'and lease deposits,
,
.■:/'//
•/,
Nov
53/278.470
income /—,r—l—„
Miscell. deducts—
assets
and
$1,137,142.
v.
1,200,795,646 834, 874,650
6,784,495
interest—/
exch.
before
taxes,
/;/
subsidiaries)
Oct. 30/43
9.796.088
amortiz—
real
guaranteed
by co-trustee
full
1,049,680
Transfer from
$34,972
•'
cash held
that
49,361.764
flAmount
80, 1944
$20,584;
honed
•Foreign earnings not
2,068
$42,344
be
48.127.188
___
z—
fy
funded
Minority
5,513
$32,881
surplus—
to
paid • upon
fd. retir. of
skg,
foreign
Balance
is
52,686,017
income-—
and
Prera,
11,259
17,000
etc.
——
products,
empl.'s
—
F*"*./p—
28,675
11,325
'
11,290
a—„
it
11,116.485
—
plan
Loss' sale
$76,975
26,393
interest-*.-———
Depreciation
$88,829
$89,520 i'
i—-——
in
meat
new
7,127,093
taxes
103,039 /
103,444
v,
our
gain victory over pur enemies, your
its important role as a' supplier of one
Oct. 28/44
Income
Total
'
$193,161
a———
——;
fottv
several
counting on our research activities
profitable operat'ons and our po/t-war
of
Other
Nov. 30/44 May 31, 44 Nov. 30,'43
income
Gross
Expenses
from
of
on
business
z/'/-"•""/'*//>'$ .■z;;'//':"•■:$'■/•'/
z.—i*,----—-_1,477.970,945 1.416,558,806 1,300,00^016
Balance
the extent of the moneys
available for the purpose of
Statement
field
essential
.
pension
of
./'■
Six Months Ended—
th»
attention
Consolidated Income and Surplus Statement
Contribs,
to
■■
are
and
will continue to play
expenses,
(
'/■„
,
■■
'
.
"
th
as
of
utilization; of bv-pro»tuctc! thvough; research and finally
of manufacturing activities.. '
Depreciation1
retiring bonds; provided, however, that the co-trustee will not accept-•
tenders at any price or prices which in its opinion shall be higher,
than the price at which such bonds may be purchased at that time in
the open market.
%
• •
y
' /
The company on Jan. 1 paid to the holders of the above mentioned
bonds
2Va%
interest for the six months ended Nov.. 30. 1944.
A
similar distribution
was made
six months ago for the preceding/six
period.
These
amount,
importance
in
your
sales/etc.z-l,356,179,586 1,307,463,218
Sell,,- adv., and gen
any
months'
..
net
a
/
Increases
I have directed
which is before
vear
♦Ordinarv
.
1943.
year
munitions—meat—and, while rendering
satisfactory service will continue to improve its. position.,
Cost
will be opened on Jan. 15, 1945, and the co-trustee will
lowest offers submitted, if at a price or prices not higher "
redemption price of said bonds,
fiscal
expansion
war's
'/"
;
sum
''/'y';
Armour's
which
52 Weeks End.
close of
the
the
government of
.
income mortgage /
exhaust
for
the
inseparably linked with the development of
nation
Sales
receive bids for the. sale
to
the better
and
tenders
All
accept
open
In the
of
cer-
:Vv.
v.'''/
7"*
Sought—Interest Payment—Earnings—
to
1942
years
increasing demand'.
also
50%
433
Tenders
Re¬
this field is being increased as rapidlv as we can
nece'sary equipment' and '.important new outlets are providing: an
planning I-,
/
certificates should be forwarded to Title Insurance &
South Spring St.,
Los
Angeles 13,. Calif. " Stock
will be ready ior issuance at any time on and after Jan.
Co.,
its
the
our output in
rtc«e,',
enmprnv
-/.'V''.',.;;
.■
agreement
refunds
fiscal
meat.
spheres related
cbtsin
excess
holders of participating
which such participating
an
for
ocpsion«-rgive promisee of
bur
Participating
Trust
into
through
"sink- «'
i1./ '/-'i'/zy
will be dis¬
" ;■//■
of
taxes, of $110,512 and $146,569 respectively.
These
charged to profit and loss prior to October 28,- 1944,
ach's—an activity to
19,
executed
the holders
by
and
company
provision
re are
principal amount of the outstanding income mortgage
in
a
stock and
issued capital
fund bonds.
as
Nov. 1," 1934, was,
instrument in. writing
participating certificates representing in excess of
of
holders
amount
in
dated
agreement
pursuant to
reached
provided
were
livestock
(Arcady Apartment Hotel), Los
trust
terminated
The
the
mnkirg to expand our activities through research which
will enable greater utilization of the
products resulting from converting
the i
heading of this company in the "Chronicle" of Jan. 8,
and 'carrying
a
sub-heading entitled "Reorganization
Plan Filed " refers to the Alton RR. Co. (not to the Ann
Arbor RR. Co.)
See V. 161, p. 106.
The
Act.
renegotiation
considering:
efforts
Correction—That part of the item appearing under
Arcady-Wilshire Co.
contract
_lPost-War planning—This outlook
/: /'.//;//'■'//.
//'•/;//./.'
coupons.
the
general basis
payable quarterly April
1, 3.945,' and thereafter to and including July 1, 4995.
;V!■ /;/;/:
•/';/
The warrants attached to said bonds are required to be surrendered
•.
to
the
company
and must
accompany
the bonds when submitted
202
'/>/,.,/
z
the company's operations
arid /regulations such as: the
war,
substantial amount of business under contracts
a
to
settlements for the
New York,
of
sheets
the
proceedings have not, as vet. been entered into with
respect to the fiscal year 1944,
The management does; not expect flint,
the re-u'fs of renegotiation for the-fiscal
year 1944 will be mate.,
and provision, therefore, was made on the s°me
.
of
mortgage
in
the
profits taxes, and this
.'/
/
■
on
account
Renegotiation
'
'
-
•
to
requested
;,Pine St,,
haye done
similarly
amounts
Atbor
early
excess
into
1943///In January 1944 the companv and
sub'Hiar^fs reached an agreement with the Government as to-the
renegotiation of such contracts for the fiscal year 1942 and in
October
after
Ann
/',;
subject
agreements
Bonds-—'
and
taking
discount
its
106.
p.
income
on
unamortized
negotiation Acts of 1942 and
the
tor
company
1945, totaled 87,153,000 kwh., an increase of 4.75%,
6,
of
after
been subject ztp various new laws
Renegotiation Act and the Price Control
Which
output
write-off
$1,016,392
have
subsidiaries
Power
to
charged to surplus.
Renegotiation—Since
American Water Works & Electric Co., Inc.—Output—
week ended
and
amounted
amount has been
irO^tiS
^
premiums
redeemed
effect of the transactions
2514.
p.
redemption
issues
the acquisition
announced
8
cor¬
five
the
offices
United
of
the
pries B and C 4% first mortgage
160,-p. 2283,
semi-manufac¬
its
poration's
the
of
Balance
■
variety of
are
,
soluble
preparations.
plants,
being
dollar
as
Total
over
317 % sinking fund bonds,
thereby extending what was other¬
pomparalively short term maturity.
Iti September the company
in
Net,
Substantially all of the products sold by the corporation
factured
tured
and.'
insecticides,/
1944.
net
cent
a
but
business
in
product—unbelievably small margins
/-/: ■''"■//;/,/;-/■. :/.'^-/..-' "
closed
improving
of
with
$500,000
the Daystrom Corp. of Olean, N. Y., and Daythe new ownership the Olean plant will maiiu-%
laeture
chromium and
plastic kitchen and dinette furniture, while
the North Carolina unit will make plywood.—V. 160, p. 2394; V. 159,
preparations.
(3)'Household
Cosmetics
each
on
of
product.
.
pharmaceutical, biological, yitamin and nutritional.
Publicly
due
Under
C.
certificates
529.
of
(5)
Jones,
Roy
N.
18,; 1945.
American
President
Carey.
tiiicates
$3,300,728
cent
company
history
$61,412,145
had
of
of
the
its
D
a,
issued
•
17 to holders" Of record Dec. - '
follows: March 15 arid June 15, 25
and Sept. 15 and Dec. 15, 50 cents each.—V,
Thomas
Strom,
the
120,000
438.465
1
were
Reduces
refunded
wise
by this cornoration of
:
1944.
120.000
..
Total
coffee
were
Dividend-r-in
Angeles, Cal.—Voting Trust Agreement Terminated—-
350,066
plant——
taxes
Earned surplus
(2)
nection
dividend of 50" cents per share oo the
as
were
as
structure.
record
of
we
to .-TUhs
pound
per
in
volume
new
a
'volume
immense
equivalent
a
set
period
bills
financial
increase
an
cent
year.
in
$15,000,000
<
of
50/383
2,195
—
—
of
conversion
years
par
Capital surplus
were
progress
American Type Founders, Inc;—Expansion—
750,000
41.543
taxes other than income
1944
project.—-V. 160,, p,: 2754./
previous
and
28,926
—
Accrued
♦At
//7;
/
182,837
7aU,000
Dividend payable
Accrued
1944
this
tax
company's
tonnage
were
earnings
Refunding
the Detroit
a
net
heaviest
of
l/9th
$136,058/452
the
payable Jan.
value,
•/..••..■■•
trying circumstances
places and,reduced man¬
fiscal
1944
strengthened
borrowings from domestic banks.,
"
.taxe*.-—A-v—
■
in
,
On
Which
.Working Capital—We
200
—„A——
deposit
Reserve
payable/——..
withheld
and
declared
par
seemed
obligations
most
market
the
$1,477,970,945,
per pound of
/•/., z/v,/'/ :• :/,•
with
contemplated the major, pqftion of
Edison Co. common stock
is
it
a
and
and
the
the
the
and
dollars
to
under
In
Pound—The
cent
a,uthor-/j,
Crosby, general counsel, have been elected trustees.—-V. 161, p. 1.
———
150,150
xi-,,
vendors;——J——/_—X
.
have
no
—V.
150,000
z.
;
Inventories
Traue
'■/%1(;r.'*/;'//'';■:// ;;/■'/
in
volume
war-time
and; Exchange
,
'
Dec.
*
Treasury savings notes, series U
accounts'" receivable
S.government
•Other
stated
the
of
Vv.v
Sheet
Balance
■'
,z
Government bonds—.
Advance
XJ.
also
Light's investment
its
Series.
■.
,.-V
$1,421,566
S.
Securities
the
American Surety Co.—New Trustees—
:////z V
post-war reserves.
V
•
Comparative
S.
application
cents each;
,
an
year.
Assets—
fTrade
by
the Federal Power Commission for the necessary
The directors
Aug.
in
*>
*U.
heard
;
capital stock,
31, 1943,
(which requirement amounted, to
1944) and that it will not pay cash dividends in
amount greater than 60% of net earnings for
For the purposes of this agreement, net earnings
after
both
or
year
"years.
series
Aug. 31,
year
shall be determined before
U.
$70,006,000 natural gas pipe
Per
year.
sales,
,
V.v%/
;'o; :
new
American Meter Co./lnc.-^-To Pay 50-Cent
.
taxes
company
earnings
$477,213
jsuch
will be
company
The
,
any
of
Hearing
Line
1944,
has entered into a VT loan agreement which
provides for bank credit in the maxximum amount of $1,000,000 for a
period expiring March 1, 1947.
No borrowings had been made under
the agreement as of Aug. 31, 1944.
The company has agreed, among
other covenants, that while any of the credit is available to it, it will
maintain net current assets of not less than $400,000 plus 25%
of
Note—The
net
"//•/:•; •
,
company's proposal to form a
American
and Aug. 31, 1943f?were
by approximately $51,000 and $75,000, respectively, because
and unused excess profits credits carried forward from prior;
reduced
of
statement for
loss
and
income
on
■
.
Co.—Pipe
record
'./z/y:
year's
fulfilled
at
plants.
improved
l/9c
in
market
receipts
payrolls
an
amounted
previous
Traction
&
wLl be /utilized in financing the
1944, but
1943 has been revised to
snow
Cue
eixecc
of
tne. uverpizvi: ion as
an
increase of. $36,000 in
net profit for the year.
For the year ended Aug. 31, 1944, provision
for renegotiation has been made on .the basis ox
the final settlement
for the preceding year, but the management of the company believes
the
sales
cash
huge
heaviest
measured
2.0
Redpath
v
Light
mission and to
. ,
Tne net /,
which has
to
the
Earnings
Auchincloss, Parker &
5.2
the
even,
.
packing
2.0
Commis¬
sion on Jan. 12.
The company's petition stated that detailed plans for
the construction and its financing have not yet been completed and
the purpose of'the present application is only to obtain authority to
create a separate entity which will then be able to apply to the Com- ;,;
line
44,619
$0.73
39,539
$1.75
_
the
Adamex Securities Corp.-*.
izations.
:—
daily
put of
m
emerged with
has
1943,
settlement
been
The
tRenegotiation of war contracts for the year ended Aug.
been completed and the company has made a final
the amount of $40,000 which was $60,000 1ess than the
"Revised,
31,
Set—
Cr777
of
equipment
plant and
property,
a
power
4.0
—'
Weld
that
company
our
$11,250,348,
American
60,000
164,000
Earnings per common share
.
/
of
& Co.—
Curtis
White,
5.2
2753.
nation's
met
5.2
Brothers
p.
the
4.0
5.2
—
160,
of
growing
H
Co.—
Noyes &
Paine, Webber, Jackson &
Co.,
great
year.the
principal food supply; agencies.,
A substantial
output of principal food items went to the government
jor the anped Joyces or for xeixu-.iease>
LxKCwise the company; rendered
a
real service to the nation's livestock
producers by aiding in main¬
4.0
Corp*
so
:///:.. :,./y
the
amount
;
4.0
Eastman, Dillon & Co.—_
G.
was
Inadequate.
taining;
5.2
A.
10,684
amortization
and
Securities
Union
5.2
221,977
./—/—$248,853
$168,578
—.d.—————.2115,703 ;.; 28,926
depreciation
for
population
one
5.2
5.2%
5.2
—V.
.
dividends "
Smith, Barney & Co.——
Lynch, Pierce,
Fenner & Beane———../'
(est.)-—305,000
of excess profits tax.——
;.Cr30,500
refund
(not
Mellon Securities Corp.—.*
7.0
,
Merrill
profits tax
.profit
4ie,J*sca*
year. ended Oct/ 28, 1944, company produced more
product than at any time in its 77 years of
operations, but the demand
for military and lend-lease
purposes and from a fully employed civilian
z'1
severally
,085,947
—-
Post-war
''
/V
5.2
1,697
———
Excess
'
agreed
Co.—
&
Boston
Inc.
------
—
'■
v.
11.8 (
Weeks
&
Davis
H.
First
Lehman
Total
Co..—Report for 1944—George A. Eastwood,
President, in his remarks to stockholders/ states in part:
During
Kidder, Peabody & Co.—
,710,409
——
z
/.••
have
'/y
Armour &
the
for
Goldman,
$3,708,712
Balance
issued
were
Harriman
40,000
750,000
*1,083,893 shs.
Corp.—
Paul
The
$3,748,712
adjustments note A
'■
underwriters
several
Glove, Forgan & Co.
Blyth & Co., Inc.—
* 1943
$7,197,620
—-
—
shares
.
$13,958,000
capital stock."
;
,
1944
$15,000,000
1,500,000 shs.
.•
Underwriters—The
31
Years Ended Aug.
Account for
7C0:
Outstanding
-
-
,
jointly) to purchase from the corporation, in the percentages set. after
their respective names, so many of the shares of capital stock offered
to stockholders as shall not be subscribed for by tne holders of the
depreciation.
"Selling, administrative and general expenses, including
tAfter deducting returns, allowances and discounts.
,
Income
'
$5,212; income mortgage sinking fund bonds, due June 1, 1949, $1,057,capital stock (par $10), $12,680; deficit, $2.7,430; total, $1,137,142.
160, p. 114.
/.'Z'
'
/ / '.
/; '
:1
Present Financing
to
—V.
additional
6,888
Monday, January* 15, 1945
acquisition of the entire issued and outstanding stock of The Marietta
10,978
$79,187
—
—
Effect
.
—
Dyestuffs Co.
income
Total
Other
Giving:
1956)
*As
$36,862
1,350
Capitalization,
sinking fund debentures
Capital stock (par, $1 per share)
9,846
$438,933
15-year 3%%
$27,016
17,779
———
and
Authorized
_
$421,154
Operating profit
Other
Debt
FINANCIAL CHRONICLE
&
profit
by
the
reserves
deferred
for 1942 of $14,802,607 was revised upwards
addition of $1,121,942, representing adjustment
and
income.
net
earnings
from
Brazil
previously
to
of
transferred
TT>T
1
■'■
T/'*; "/;'■/:"
-
■
Assets-—7*
■*-
<
't~
■■■
'''
i
>1 '
''
1-
1. v.
.7
$ ■'
.
Net
Oct. 30/43
>*:>Oct. 28/44
-
Years Ended Sept.
...:/
subsidiaries)
(Armour & Co. of 111, and
''7, ■'-ij'.
Cost
$
^
goods sold
of
•
65,027
..
TT:'<'V;.:;
■
SS/Sfits tax postwar: credit .est.) ; 3,802,167 - 5,537,937
1,663,000
1,601,358
,
Deferred charges
Income taxes (estimated
12,275,184,
advances74ll^-, ; 13,140,107
stocks, bond and
Investments,
818,000
'
nWat
Total
-
$1,103,909
$772,216
$734,154
Net profit
-
$733,866
,v;
'
•'• ///
:'r
-'ft
stock. Illinois company—^-,-—
53,299,600
"7% preferred stock, Illinois company—•——__
3,371,500
Liabilities—■.
J$6
conv.
:
prior
Common stock
$5)—
.par
Rotes
payable
Accounts payable
3,496,811
18,761,091
;
—
—
Accounts
17,510,714
Inventories
20,328,593
——
—
Consolidated
53,299,600
3,371,500
20,328,615
19,683,725
Dividend
9,760,834
10,786,364
28,950,782
debentures
Deferred
"last
basic
4,840,717
3,668,411
2,774,841
779,212
466,760
350,098
5,604,673
5,578,497
62,699
43,083
assets——
charges
6,100,030
in,
...
P
W After
depreciation reserve,
1943.
49,236
336,619
—
1,875,000
the
1943.
and
A
portion
the
of
balance
In
are
$16,187T93L $11,651,909 $11;141,809
Years Ended—
Sales,
/
;
-./
, *
"■
Associated Gas & Electric Co.—Weekly Output—
bonds
''
Company and a subsidiary, Missouri Southern Public Service Co.,
granted Dec. 28 by the Securities and Exchange Commission' •an:r,
additional two months in which to complete the sale of Missouri South- )
'
Cost
ox
Barry, McDonald and Newton counties, Mo., to
Cooperative, Inc., for a base cash consideration
The extension will expire March 2.
$170,000.
Oper.
in
hearing
hefll Jan. 19 before the SEC
will be
on
WW;
Sell.,
company's pro-
'
Gross
Int.
George Shaw, of. Long-Island, N. Y., ;/
of $100,000, all the outstanding shares?
of stock of the Portsmouth Gas Co., consisting of 4,000 shares of common
stock (no par).
In connection with such sale, the Portsmouth
>Cfas Co; proposes to refund $480,000 open account indebtedness to AsAQCiated Electric Co. (in the total amount of $1,050,000 at Oct. 31,
1944) by issuing and delivering^
note in the principal amount of $480 00(>
said
«^e to to donate to
vtba i*dta r\t
AsftAuifltpfi Kmr.trif* Co. DToiiDses ^a^int,eres^ i;
at the rate of 4%; and Associated Electric Co
Proposes to aotiate to
the Portsmouth Gas Co. the balance of such open account indebtedness. *
The agreement of sale also provides
that the purchases shall have
the option of acquiring from Associated Electric Co. the said note in
the amount of $480,000 for cash, and the exercise of such option shall
-entitle the purchasers to a reduction of $25,000 in the base purchase
price proposed to be paid them for the common stock of the Portsmouth
shares
$368,597
1,316
8,049
..v
31,220
.
:
$33,557
$376,646
15,452
28,479
.231,450
, «•....
Chester
be
be
t
/•" $12,011;/
$12,011
$117,767
>$145,196
$5,078
■
first mortgage 5%
•
.
«—
-■
.
.
Center, Vt., trustee.
Bankers Securities Corp.—$2
directors
The
21
Dee.
par $50, payable
in 1944 were
as
ments
declared
on
Jan.
which
on
Co.—Annual Report—
This
was
with $733,066 for the previous year.
Net
stock were equal to 75 cents per share after
payment of dividends on preferred stock.
Regular dividends aggregating $385 600
equal to 40 cents per share, were paid on common
stock; $337,858 was added to earned surplus.
The company's principal expansion during the past year has been
in its crude
oil producing department and especially in exploratory
Expenditures for leases, drilling, and the equipment of new
wells amounted to $1,655,631, of which $509,735 was charged against
earnings. ■.•Of the 146 wells drilled during the year. 99 proved to be
drilling
*
.
•
-
follows:
a
dividend
$2
of
per
1944
^
Production
.Refining
$78,752
1942
1941
v.
On
Jan.
15,
$1
per
A
Miscellaneous
were
the last two
during
,,.
.
8
Quarterly Dividend—
■Bond
Sales
~~y.
509.045.'
208,308
54,072
:/V 17
350
r——-
'
$1,894,266
■■■
■ ■
-■■■
•u
35.254
10.473
161.
p.
life
insurance
15,4"44~ 2 77
policies
316,807
151,124
li,900,171
12,312,267
receivable—other.—
accounts
of
excess
investments
Sundry
Tot?
Liabilities—
...
and acceptances
Accounts
(trade)—
payable
3,372,380
Divid/nri,
852,834
'oSe^contingmicies''-"
and
1944—Month—19431
$6,372,587
160; p. 2642.
v..
Maine
&
4,920,000
560,582
1,400,000
11,754
1,400,000
6,185,200
6,500,000
861,688
870,288
14,976,566
11,266,649
14,850,009
9,272,458
16,924
,
v. xou, p. xao*.
''"'T■
777,448
3,002,971
4,920,000
for Fed. and State taxes on Income-
/credit
$3,774,919
2,828,805
$3,710,955
Sundry tt,,lJulJLa payable and accrued expenses
accounts unv,
declared
uuiiuiv
g.
829,391
1,037,233
——$50,560,997 $45,771,433
Total
S^.: preferred stock (par $100)—
Common stock (par
F;:
•
! r
_
74,250
52,330
958,349
283,310
fLand, bldgs., mach., fixt. and equipment-.—Deferred charges
—
—
Capital "surplusT.—
aEarned surplus
A '
_
After
reserve
V.
for
of
notes
in
of
161, p. 3.
do'ubtful
of
accounts
$119,299
in
tAfter reserve for depreciation and amor¬
1943.
$9,299,088
tax
and
discounts
$100,909 in
Treasury
1944—12 Mos.—1943
:
$50,560,997 $45,771,433
romi
Stores,/Inc.—December Sales—
Boston
■
1944
and $7,543,965
$6,686,197
in
and
1944
$After U. S.
$6,718,360 in 1943.'—.
in
1943.
"
•
$5,456,929 $51,425,054 $45,594,256
Butler Brothers, Chicago—Calls 5% Preferred Stock—
....
RR.—Legislative Railroad Commis-
par
Adeauate Boston Port Aothnritv—
vors /vuequate xaostun Rort /xuinoriiy
-The Special Commission to investigate railroad transportation facili-
$1,365,796
of
profits tax——-.—
106.
—
vor<?
$1,249,906
value
102,686
35,905
and
Post-war-refund
sion Would Divest New Haven of B. & M. Control—Fa- v
•■■■•■;■:■-———
$1,208,754
5,129,328
137,316
—
:
inventories
surrender
All
(
3,177,395
145,187
534,845
17,511,752
(sundry)..
!
(not consol.)
cos.
assoc.
Merchandise
-
receivable
accounts
and
from
Oct. 2/43
$6,324,343
5,000,000
acceptances receivable^—
and trade
Accounts
Due
and the program tstoaed primarily upon
..
andt
of
Sept. 30/44
-j
Bendbt Aviation Corp.—Suit to be Tried May 14—
.
allowance
$9,874,165
5,000,000
i
in banks
hand and
tization
■
$533,659 in 1943
1943.
certificates of indebtedness—
years.
-----
$4.68
t After
contingencies,
1944,
debt-retirement
deducting
after
also
U. S.
Cash
paid
1942;
659,969*
$3.97'
-
for
reserve
229,473
Comparative Consolidated Balance Sheet
787,348
16,736
to
on
1944 and
$23,674
478,942
profit
; Assets—"v
-
938,551
_.
Total
an
firms.—V.
$48,957
12,547
net
of
Cash
and
Federal'Judge Thomas F. Meaney, -at Newark, N. J., has set May 14
for Tnal of -a: Government -anti-trust, suit against the corporation,
charging conspiracy with foreign aircraft accessory and instrument
•
274,159
155,273
$4.20
on
«
Notes
"
-
..
$438,917
v
1,056,670
861,688
/reported
share;
stockholders of record Feb. 15.
share over the regular quarterly
v
$1,145,896
—i.—
323,092
1,745,893
870,288
1,813,149
stk.
share on
payable March -9 to
increase of five cents per
Period End. Dec. 31—
1943
<
common
in 1944 and $285,662 in
"Until additional revenue from these expenditures has been received,
iT 580,199
-
—
.Marketing
is
in
$74,752
regular quarterly dividend of 20
on
durtar fhejear ^1944
Capital Expenditures
Transportation
$3,372,388
313,195
—
■'Appropriation
Accrued Dividend—
purpose ana continue to seeK additional new leserves.
'
$3,934,938
$3,778,457
Earnings per shareJ_i.-,_uiv^w--^-'--»-
Man;-rv
In December, 1943 and 1944, after declaration of regular dividends
during the year aggregating 60^cehts per share, an extra dividend ofj20
.
cents per share .was paid after the results of operations for the
respective years had been determined.
.
:
: /
The company, in its announcement,-further states:
;> "An extensive drilling program is-projected for-the year 1945, for
which the company has ample cash funds on hand. The company
.:.' through its organization discovered substantial new oil and gas reserves
,
expenditures for capital investments
■over a period of four years, it will be observed that prior to this past
Year the company's principal
expansion was. in the construction of
transportation and refining facilities.
Those Investments were considered of such importance
to the war effort That certificates of
necessity, permitting 2Q.fr- per year amortization for tax purposes,
were pbtained covering facilities costing $2,466,791.
Having completed
the greater part of that-program, it was early in 1943 that principal
•emphasis wast put on the development of oil producing properties.
$4,372,388
1,000,000
shares of
Outstanding
participating preferred
holders of record, Dec. 29.
Pay-
.share,
a
dividend
fhedcompany?liLreased TO'/i'vltlrlng tii7year from"122barrels per
iay To 1865-barrels per day. An'even larger drilling program is
planned for the coming year.
From the table below showing
5,58*
$3,778,457
j
Dividends .on common_stocl^__™^
1959.
Jan. 4 declared a
The directors
cents
compares
common
536,301
jDr2,535
$3,934,938
to
—-——
Net profit
Arrearages as at Jan. ly 1945,
$30.75 per share.—V. 160, p. 2396.|-;
amount to
,
•earnings
1,999,477
469,039
2,008,153
;
appiic.
cos.
before special charges..
outstanding
the
15 to
Barnsclall Oil Co.—Increases
$771,939,
subs.
^Special charge
t
i
"Paul G. Blazer, Chairman, Dec. 30 stated, in part, as follows:
;: Consolidated
net profit lor the year ended Sept. 30,
1944,
of
Net profit
t
9
Notes
Ashland Oil & Refininff
1,400,038
497,537
Dr2,201
profit
Dividends on cumul, pfd. stock
1,
bonds due Aug.
15, $2 per/share.:
July
to
on
accumulations
of
account
Electric Co..also proposes to acquire from the Portsmouth
all of the latter's holdings of
of common stock of Atlantic Utility Service Corp.—V. 161,
.
taxes
allowing for post-war credit of $552,384 in
the total consideration of $1
106.
—
prof,
exc.
income taxes.
■
•
J
'
Factory Point National Bank of
• >
T"
The
at
at
$13,272,280 $11,468,620 $13,213,173
876,325
969,226
925,620
15,423,097
(4,802,933
15,860,224
Prov. for State income taxes..:
$117,767
.> $145,196
$5,078
>
in^de
made
,
deductions.—
for Fed.
for Fed.
have-been called for redemption on Feb. 1, next, at 100 and interest. "
will
"wiil
1,408,920
$l2,y83,054 $11,326,038 $13,132,749
289,226
142,582
80,42*
r.■
.
Pro v.
«
payment
1,619,323
1.642,612
■:::
income-^.
Other
Ball & Langdon, Inc.—To Redeem Bonds—
r
.
292,868
deducts.
the outstanding
•••■.
818,329,578 $16,688,339 $17,663,017
3,703,912
3,742,978
3.121,347
.
$410,635
.
All of
Sept. 20,'42
WW
.
.
/Total
$379,415
$27,463
'Net: income
'Net: income
—V. 160, p. 2642.
^Associated
|J.
105,940
$32,241
369
incomel-.
corp.
*
other
&
Stock,
490
122,308
.
.
Oas Co. for
..
7 1944—12 Mos.—1943
• $1,611,913
l;368,562
1,232,498
$138,181 'V: $1,737,159
$27,094
taxes—
income
income
in
'
w. w
gen.
Operating profit
Other .incomeviti--wi.;/^l5.
'/ Net
jposal to sell to A. L. Klees and
non-affiliates, for the base price
>
oper.
Non-oper.
-
'A
&
exps.
Net
payable
are
Oct. 2/43
TV • //.v.V-
of ueyfec.—
profitand adm. exps,_„/_.
Depreciatioii and amortization.
:?
'
V > ■>/
142,*
the cor-
Prov.
,
Portsmouth Gas Co. Holdings—
Proposes to Sell
bo
$93,387,417 $97,641,326 $83,096,803
7o,057,839
80,952,987
65,833,786
•
$149,402
redemption
Sept. 30,'44
exclusive
sates,
Gross
to
(& Subs.)— Earnings
1944—Month—1943
Period End. Nov. 30—
Operating revenue
for
and
W allowances
responding periocLlast year.—V. 161, p. 106.
-were
•
will
company
(& Subs.)—Earnings—
returns
.
of
Ltd.—To Re¬
'
Associated Public Utilities Corp.
Electric
called
•
discounts,
less
& Electric Corp. repoi't that the
of the Associated Gas
The trustees
clectrie output,, foxv the .week ended"-Jan. 5, 1945, amounted
124,038 kwh., an increase of 6,406,320 kwh., or 4.4%, over
'Associated Electric Co".—Time Extension Allowed—
properties
this
of
debt
the
Burlington Mills Corp.
1'
'
collection1 from employee^ in payment thereof amounting to
^1,285,184 in 1944 and $1,243,879 in 1943.—V. 160, p. 1179.
/
'
New-Mac
funded
or $486.86 Canadian funds,
principal amount of 500 French francs.—
"Globe and Mail")—V. 161, p. 107.
the
(Toronto
TP.1730:
ffAfter
.em's
& Power Co.,
Subsidiary-
consolidated
sterling at the principal amount of £100,
.
-
Represented by '$32,996 no par' shares.
1
■M
in
April 1, 1945, with the redemption of $400,000 to $450,000 of
outstanding bonds of a subsidiary.
The bonds drawn for redemp¬
tion are part of the 5fr 50-year mortgage bonds of Rio de Janeiro
Tramway, mght & Power Co., Ltd., 01 wnich there were outstanding
$12,916,836 expressed in terms of United States currency as at Dec. 31,
.
i
.
106.
the
Minority interest
—1,665
1,604 '1,531
Preferred stoclc (par $100),——
969,100 /.. ...971,600
971,600 7;
Common stock (par $1.)
964,000
964,000
964,000
Surplus
——_w—
5,490,830 i 5,152,972
4,853,287
351,499,099,363,784,B24
of $74,768,123 in 1944 and $69,761,947 in
,,
ownership of shares of the holding company and recom¬
legislation affecting the rights of such ownership, I believe
exceeding the scope of its powers and is suggesting
may eventually
prove to be a most unsound policy."—V.
161,
Reduction
$2,427,155
56,177
.
———
Total
:1
.
.•
duce Funded Debt of
.
Reserves
82,812,638
91,499,919
/ ' /
.
interest.
The
independently
facts
own
Commission
the
public
the
Powers
Brazilian Traction, Light
-
liabilities T;..—A* $4,675,717 ,$2,780,556
debt ' L-u—:.r, 3,750,000
1,725,000
Current
Long-term
;
*———
Liabilities—
v
Surplus '—_^__4—4444-:^^—~^44_444-4-«—4—__
#
"
141,900
———-
——
I-',/ ■■■';
(deficit),
its
affected
579.743
1,787,551
Reserve for N. Y. State Workmen's comp. ins.—
200,000
200,000
Minority stockholders' equity in sub. cos.——
288,326 f »-333,746
Deferred income 4^.—44444-44-,i-44^___v-^4—836,770
2,211,922
inventories
out"
first
other
and
p.
$16,187,931 $11,651,909 $11,141,809
6,900,000
4,000,000
6,900,000
4,000,000
—
.
of
840,051
Property account (net)_—
28,516,485
sinking fund on
and
$1,555,239
799,494
4—J—-T
Reserve for contingencies
Reserve
for
replacement
$381,940
1,467,426
———
„
with
armed
plan of reorganiza¬
are reorganized
they
Commission is
what
$1,351,326
—2,974,746
—
108,199,600 112,268,000
—-4——-44
payment of -int.
Reserve
—---■
prior preferred stock
$6
on
debt
Funded
receivable
■■.'figure
audited in
be
be
if
critical figure of losses.
a
critical
course,
should
and
mending
1942
1943
securities—4
marketable
and
complete divestment
final
Colony roads,
escape clause
this
of
of
and Old
the
dealing with
30
1944
Assets—(
Cash
Investments
interest, wages, Fed. inc. taxes and
.general and social security taxes-,-———-—
■
Sept.
$1,103,605
the
Accrued
Reserve for Federal income taxes
Sheet,
Balance
and
Minority Report
of Boston, in a minority report, says:
T am unable to concur that a liquidation of the Boston Railroad
Holding Co. be required at this time,
or
that the company
be
required to trustee its stock for all purposes.
This Commission was
created to investigate transportation facilities in Massachusetts.
In
304
.7
mat it believes
an
gathered.
;■/■'■ **-''-;
bT;''''''
■'''•/"•
Representative J. E.
156,929
288
$771,939
Minol,itv
351,499,099' 363,784,824
7 J
will contain
correctness
linai
deterred lrom
states
Haven
New
"We wish to reiterate,"
under no circumstances
opinion,
our
manner."
some
states/ should,
Commonwealth
'
*^
the
of
The
in
Commission
together,
2,045,000
'"Air 277
Plofit before minonty interest^
interest m subsidiary,74.
.
„
$1,914,085
361,931
control
tion
"that in
states,
the Legislature be
The
$3,305,838
817,267
981,000
:
of
51,227
.
commission
should
$3,254,611
83,994
;
.$2,570,483
~~
the
11,468,517
1,242,415
787,190
$1,830,091
$2,505,456
Operating profit
4
Interest; dividends <te other income
776,854;;;;;
7,290
54,688,687 61,638,906 ;";; T.-;;*
231,834
637,958
ntipr
ployees' purchase
v/:Rotes and accounts receivable———.—
Intercompany accounts. ■reeeivable-.-.L.^-TTi^.
12,573,469
1,513,105
1,141,143
13,356,673
1,582,974
1,291,735-
^
of the New Haven control
of the Boston'& Maine would be accomplished.
1944
1943
1942
$18,736,838 $17,057,808 $16,752,733
*
admin. & general expenses
Depletion, depreciation & amort.—
,
•'77
30—
;
Selling,
/TLand, bldgs,, mach. and fixture equipment™ 121,351,904 123,9»6,515
Refrigerator cars, delivery equipt., tools, etc.T/ 10,050,720
10,018,047
Cash
24,641,440
19,0.13,944
fiVt S. War'Savings bonds on hand for em'
'
sales
Holding Co., tile same result of termination
Operating Statement
Consolidated
(Illinois Company)
Condensed Balance Sheet
V.
203
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4351
Volume 161
;
-
of
$30
the
per
outstanding
share,
shares
of 5fr
cumul.
have been called for
conv.
preferred
redemption on Feb.
stock,
9,
1945,
Payment will be made at
the Guaranty Trust Co., 140 Broadway, New York, N. Y., or, at the-
at $31 per share, plus accrued dividends.
option
at The First National
of the holder,
Dearborn St., Chicago,
111.,
Bank of
Chicago, 38
So.
Payment of the redemption price will be
ties in Massachusetts on Jan. 5 filed, its report in the House, recommade at either of the two aforementioned banks at any time upon
mum production of aviation
mending that the Legislature do whatever is necessary to bring about
presentation and surrender pf said stock certificates,
the Government entrusted td the operation of this company.
> vTV/-'/:final termination pf the New Raven control: o{. the Boston & Maine. /'.
The stock so called for*: redemption is now convertible into common.
The new plant has been in operation since July and is receiving as F'-One means cf .doing this, the report states, is by dissolution of the
stock, $15 par value, at the rate of Pfr shares of common stock for
its raw material approximately 9 000 barrels per day of semi-refined
Boston Railroad #iolding-vCo.: and another by having Boston <te Maine
each share of convertible preferred stock.: Such right of conversion
petroleum products from the company's adjucent No
1 refinery, *1.
stock .held by the. holding company transferred to public trustees who
will cease at the close of business Feb. 9, 1945, or upon earlier sur—
,*The first consideration of
obtain maxi-' •'
gasoline from the $16 000 000 plant which
the entire organization is to
furnish the required quantity of semi-refined products for the
plant
its requirements being larger than originally anticipated,
capacity of the No. 1 reiinery was raised to-approximately 22,00U
barrels per day
effective in October.
This increased capacity which
compares with
16,737 barrels per day throughout, averaged for the
To
mew
the
ineal
by
covered
year
through
the
elimination
this
of
repart,
was
bottle-necks'
accomplished
and- with
little
principally
additional
the
volume
increased
of
production in its own No.T refinery,
the company
derives some additional profits, although these are ex¬
ceedingly modest, since the requirements of semi-refined products
lor the new plant are supplied at prices lower than would be received
if
sold
civilian
for
Directors
Martin
R.
D.
are
consumption.
follows:'
as
Paul
G.
Blazer
(Chairman),
James
L.
(Vice-Chairman), James H. Combs, C. S. Evans, C. W. Freeman,
Gordon, -W.
the
deprive the New Haven of the chance to recoup some of its investment
in Boston. & Maine stock.
•' ;
-it
also
has
^ may
have
Keffer (Vice-President)/ J. Howard
McDonald
(Secretary-Counsel),
E.
F. Wells- (-Vice-President),
H.
•(President),
E.
L.
<Treasurer)
and
E,
S. M. Burnam fs
Marshall II
W. "Seaton
Assistant Secretary and transfer agent, and Edward
Emrick Jr. is Assistant Treasurer and transfer agent.
Second National
Bank, Ashland, Ky,, is registrar.
.
been
benefit
bought
Commission
capital . investment.
From
New Haven, by its counsel, the Commission reports, urges that ;
holding company should not be dissolved because this ^tep would -
-The
.
deplores.-
urged
that
dissolution
recent purchasers
not
should
occur
of holding company
y;
v,
•
.*.
0r
because
shares, who
to convert
their slmre?oFconvertible
preferred
stock into shares of common stock should forward their certificates for
the Guaranty Trust Co.: conversion agent,
Brothers, Randolph and Canal Sts., Chicago, 111. f
convertible preferred stock to
low prices in anticipation of speculative gains.
The
says
there has bean some such speculation, which, it "
at
^sharehoWe^S^
Butler
Transfer
books
for
the stock
so
called
for redemption
sliall
be
per¬
manently closed at 12 o'clock noon, C.W.T. on Feb. 6, 1945, and no
transfers will thereafter be made.—V.
';"",■*.
161
p.
1
107.
(A. M.) Byers Co.—Renegotiation of Contracts-
Commission does not believe, that the State should attempt to
the
equities between the public . holders of the preferred:-:11 ' ^he 'ebmpany reports the Government recovered $78,816 after tax
shares of. the: holding company on the one -hand- (they having bought
credit, through renegotiation of war contracts for 1943, 'which was
on
the faith of the lien and on the New Haven guarantee of principal'* ' paid in instalments on Nov. 29 and Deo. 5.
Net effect of the refund
and dividends on their shares), and the investors in the New, Haven
was a reduction in net Income for the year from $1,147,113 to $1,004,securities on the other hand, who, by the reorganization proceedings, '
525.—V. 161, p, 107,
•
.
!'■"'■
have been freed of the- obligation of\the guarantee, as well
as the
burden of claims and,.equities subsequent to their own.
•
;
.
California Public Service Co.—Dissolution
"It seems clear to us/' the Commission states, "that the Legislature
The Securities and Exchange Commission has approved the dissolu¬
must decide what is necessary and wise in the public interest and
tion of the company and. distribution of its assets to Peoples Light &
follow that course."
,■"
•
.' '
Power Co., its- sole stockholder.
"The commission points out that if the Commonwealth should exorcise
In
connection with the dissolution the Commission approved tha
its option to purchase all the B. & M. stock held by Boston Railroad
The
measure
Approved
.
,
■i
;—
■„
U. S. Patent Office) William B. Dana Company, Publ ishers, 25 Park Place, New York 7, N. Y., REctor 2-9570.
Herbert D. Seibert, Editor and Publisher;
President;
William D, Riggs, Business Manager.
Published
twice' a week [every Thursday (general hews and advertising Issue)
with a statistical issue on Monday]. * Other
offices: 135 S. La Salle St., Chicago 3, 111. (Telephone: State 0613);. 1 Drapers' Gardens, London,. E. C., England, c/o Edwards & Smith.
Copyright 1945 by William B. Dana Company. Reentered as $econctfclass matter February 25, 1942, at the post office at New York, N. Y., under the Act of March 3, 1879.
Subscriptions in United States and Possessions, $26.00 per year; in Dominion of Canada, $27.50 per
year; South rind Central America, Spain, Mexico and Cuba, $29.50 per "year; Great Britain, Continental Europe (except Spain), Asia, Australia and Africa, $31.00 per year.
NOTE: On account of the fluctu¬
The
Commercial
William.
ations
in
Dana
the
and
Financial
Chronicle
(Reg.
Seibert,
rates
of
exchange,
remittances for foreign subscriptions and advertisements must be
made
In New York
funda.
u
••
)
J
..
THE COMMERCIAL & FINANCIAL CHRONICLE
204
fornia
Gas
The
phia for $521,500 and
bonds, series B,
and accrued interest.—-V.
gage
160,
104
at
1628.
Marketing
a
fill
to
the
.
Robinson, Saint John, N.B., has
Operating
Other
Traffic
—v.
161,
Net
*****—
Divs.
1942
President,
19,
Dec.
on
production:
of
Arrobas
applic.
$4,408,000
in
ground
of
the
of
invert
-
bags——.—Production of sugar for syrup, bags
Product,
Yield
blackstrap
cent of
per
'1.
Interest
the
on
the
at
unpaid
,
1 % - per
principal
of
...
U.''S.'Currency, representing:—
annum from July 1» 1943 to June 30, 1944
balance of all outstanding bonds, or $9.54
$500 bond.
;..
purchase money mortgage has been reduced by a payment of
amortization
to
$43,889.
The company has made all interest and
per
The
required *by
the
:■■■•% v
contracts
of
Cost
price
molasses
and
syrup
two
order
in
producing,
selling
$2,973,012
The
Net
_--*
operating
income
appeals
District
__
charges
A
Provision
for
Cuban
income
Redemption—
the
of
ment
State.—V.
the
January.—V.
through
holders
for
the
road
the
War
contingency reserve-—*.
Bal.
carried
'Indicates
to
See Colonial
back
In
of
deficit account—
have petitioned
for
against
of
•
owed
$105,346;
(at
1944
banks
hand, at sales contract price less $18,583 estimated
(after
expenses
hand
30,
on
sugar
shipping
Sept.
in
Assets—Cash
on
Sheet,
Balance
,
sales
and
hand,
on
advances
contract
price
$559,749;
accounts receivable,
of $1,394,031), $146,205; molasses
less $1,308 estimated shipping ex¬
$409,060; advances to planters, $19,655;
amortization, $212,984; cultivation costs,
future crop, $86,106; investments in subsidiary ■ (at cost), $420,000,';
property and plant
(after reserve for depreciation of $3,150,97.0).,
; $4,310,812;
deferred charges and non-current receivables,. $61,4p2;;
total, $6,581,975..
.;
[yic-niU
$250,656;
pense),
growing
inventories,
cost
at
crops,
less
■
Liabilities—Accounts
payable,
$88,286; accrued salaries and-iwages,
I $10,494;
accrued interest,
$7,566; other expenses accrued,. .$28,547;
[provision for Cuban income tax for 1944, $200,000; mortgage payable,
:
$43,889; first mortgage bonds, $2,916,932; war and other contingencies
jreServe, $300,000;.7% preferred stock ($100 par), $1,500,000; common
[stock '(157,414 no par shares), $1,486,262; total, $6,581,975.
^otes—At Sept. 30, 1944 Manopla Investment & Trading Corp. liad
$13,511,957
and
sales,
later
the Third
"
years,-
provided
railroads
by
the
for
1944,
<
Bank
V-Loan
new
in
Wichita,
line
this
of
V-Loan
contract
credit,
at
agreement
which
will
Sept.
During the
authorized, at
authorized
; shares
the
amounted
1944,
until
funds
Dec.
of
company
*
■ >
.
Gross
sales, less discounts, etc
$30,112,521 $27,049,942 $19,373,388
goods sold
19,365,108
16,072,589
10,952,155
Selling, admin, and general exps.__
3,803,700
3,105,802
3,011,828
of
Cost
Hn..;
V—
Profit
Other
from
$5,409,405
$7,871,551
92,835
83,986'
91,998
Total
Loss
on
Prov.
***4
income
$7,036,549
82,580
paid
disposal of property
for
additional
.
! miscellaneous
inc.
and
Estimated
for
Company
stock
from
board
500,000
shares
directors
of
share of
one
common
($1
June
on
reserves
It
set
the
fiscal
for
the
the
is
up
therefore,
in
reserves
$1,586,030
period.
presently
and,
aside
set
aggregate
Net
sales
opinion of
are
adequate
to
the
1942 and 1943
providing funds for
management
the
meet
Fiscal Year Ended
Total
income
Sept. 30
additional
sible future
invent,
res.
880,000
900,000
share
Note—Provision
4
depreciation
and
540,000
-
$863,625
486,775
$1.77
Income
for
the
<In
$912,609
851,836
$1.87
amounted
477,372
83,625
82,506
—*—******
and
surtax**.**
166,897
198,897
2,714,393
profits tax
7,484,111
tax
59,009
21,549
conversion
from
to
war
peace
831,568
.*_/
to
of
warranty and
500,000
capital
stock
dividend
paid on
due
to
accounts
settlement
by
as
350.000
35,282
*
1,205,746
of
period
result
of
226,995
$1,247,446
$1.57
a
end
$1,205,746
280,000
of
—
Balance, Sept. 30. 1944
per share outstdg.
$3,891,560
of
common stock
;
adjustsments prior years
Earn,
'Reduced
result
1,750,000
renegotiation
prior years
-
$4,483,192
as
dividend*:.
and State tax
Adjustment
101,870
—■
*
to
of
issuance
1,183,146
policy
.*_____;
surplus
Transferred
Cash
unaffected.
3,279,283
for
reserve
Sundry prior years Income and tax" adjust
i
1943
$1,102,039 *$2,208,414
surplus
adjustment
/
report to stockholders It was pointed out that certain
1942 business, not Included in the original renegotiation for that year,
might also be subject to such renegotiation.
The renegotiation of this
business was completed in 1944 and resulted In the company making
a
net cash
refund, after allowance for Federal tax reduction, of
$16,252.
However,
as
a
result of further State and Federal tax
adjustments, on this and the original 1942 settlement, the actual cost
to the company was $3,462
This completes the renegotiation of the
company's 1942 business and the net earnings, as originally reported,
remain
841,953
3,704
income
Previous
Total
amortization
430.944
292,000
Restoration
$302,660 in 1944, $274,638 in 1943 and $266,526 in 1942.
57,485,585
1,769,164
*——
excess
State
486,725 L
$1.70
shares of capital stock.
for
assets
Federal
Net
4 $828,969
34,247,181
___**__
depreciation and amortization of
normal
for pos¬
income
1,294,883
146,537
.
:v—*__,
for
Prov.
price declines
302,992
$40,617,938 $71,032,393
Interest
,
V
1943
$70,729,401
**'.'
expenses**
charged off
deductions
430,000
con¬
from
"1944
.*
administrative
and
fixed
the
of
further
$40,385,571
i
Manufacturing costs and other plant oper. chgs,
General
that
demands
not
are
Other income
Federal
In¬
taxes
come
a
common
years
of
purpose
price adjustments)
3,737,000
5,685,000
370,000
refund
Massachusetts
and
5,400,000
Cr525,000
declared
232,367
(after
Sundry
.
-
1944,
increasing these reserves
the operations of the fiscal year 1944, just
completed.
1,555
•
1,500,000
to
par)
7,
stock for each share of
common stock issued and outstanding, which was pay¬
Aug. 10. 1944. to holders of record as of July 25. 1944.
has
transition
version
18,240
:
*_____
to
year
1944,
the stockholders
of
the
company
special meeting held June 6, 1944, an increase in the
a
common
able in cash on
Provision
,,,
_'
profits taxes—
excess
$5,501,403
25,727
—*
reserve
investments*!
post-war
Wisconsin
$7,955,537
51,185
>
credit for taxes paid from the net income
previously reported for fiscal year 1943.
as
(par $1). The
Bad debts
Interest
event
proper
—
$6,943,713
operations**.
income
includes
ber of shares of
'
-'4
and
in the
■■
stock, held by stockholders of record June 15, payable on June 30, 1944.
In addition, the board of
directors, at a special meeting held July 12,
1944, declared a dividend of 40 cents per share on the increased num¬
^
1942
as
to $3,500,000.
1946,
31,
the
■
Income Statement,
1943
of
acted
fiscal
stock dividend of
108.
.
group
Agreement,
30,
extends
protect
terminations.
decrease, after
earned suVplus,
(& Subs.)—Earnings—
1944
Agreement,
a
Kansas,
In Nov., 1944.
The renegotiation, agreement provided that an
additional refund of $4,335,689 above that shown in the annual report
for fiscal
year ended Sept.
30, 1943, be made.
This resulted in a
Corp.—Acquisition—
above.—V. 161, p.
approximately
the War Price
upon
with
1943.
company retired its V-Loan
of credit of $15,000,000 with
National
a
agreed
was.
year
ment
instal¬
in the
operating
the
line
a
determined
was
as
fiscal
poviding for a line
$10,000,000 and carrying a 90% guarantee by the War
was entered into with practically the same banks,
and
National Bank in Wichita acting as agent.
Borrowings
of
new
which
Years Ended Oct. 31—
$914,990
59,455
140,643
$564,893
parts
;
•
53,685
*$37,700
of $26,873,613
comprised
was
airplane
Renegotiation proceedings for the fiscal year ended Sept. 30, 1943,
were completed with the Price
Adjustment Board of the War Depart-
.
restrains the Treasurer
meets its'obligation in
several
unconstitutional
taxes
Utilities Corp.
$15,985
$518,741
1944
year
and
the
Fourth
July,
Fourth
This
for
which
credit
with
108.
Chain Belt Co.
70,768
loss.
.
•
—
and ppgine cowlfng for the latest
Invader, the.'use of which has been
<
' ' *
1 • -
provision
1944,
provided
request
taxes
owes
declared
paid
$714,893
150,000
twin-engine trainer and
cargo
major component
assemblies
for
gear
A-26
settlement
31,
March
Department,
161,
of
for
agent.
the
■:
.
Central Vermont Public Service
per
:
complete
a
of
of
-
airplane
Board
for
the
'Earnings
*$37,700
the
This refund
basis
same
Adjustment
$16,000,000.
took
also
of
161. p.
Dividends
.
all
to
v\ v.
and
Acts
payments
28,460
200,000
contract
$3,375,000.
Appeals at Philadelphia to dismiss as "prema¬
the State of New Jersey from a District Court
claim against the railroad involving taxes of
by
railroad
$886,530
$668,741
150,000
——
landing
volume for the fiscal
prime
Federal
profit
manufacture
manufacture
recently. "*
very
banks
Renegotiation
Net
the
the
which
which to exchange
In
Jersey Chancery Court injunction
accepting payment unless7 the Central
The
$447
tax.
time
New
from
full.
15,538
*
Report—
sales-of : subcontract items and
sundry sales, aggregating a total
sales volume of $40,385,571.
This sales volume has been adjusted to
reflect a provision for refund on war contracts sales
amounting to
mortgage 4% gold bonds, due Aug. 1,
refunding bonds, series A, due Aug. 1, 1974,
Pacific Co. announce they have re¬
trustees
of
Court
30,792
_
further
for
offer
State's
$939,509
_
income
% The
of
Co.—Partial
-rr
'On 486,775 no par
Total
Other
108,054
announced
Southern
exchange
$908,717
income——
_*_*
$904,458
108,054
to
alsq.is supplying the
234,759
$734,088
Treasurer James B. Sautter announced he had returned to the railroad
two checks
totaling $3,082,195, which had been offered in payment
of back taxes owed for the years 1932 and 1933.
1,610,107
135,109
1,190,687
135,958
1,926,900
137,395
expenses.-
income
taxes, $385,035;
dividend
renegotiation of Government business,
credit
tactical
bomber
airplanes.
Company is supplying most of the tail
group and the wing leading edges for the famous Boeing B-29 SuperFortress, as well as a number of other vital assemblies. In addition, it
under consideration.
The State of
New Jersey
contended two tax laws which provide
for tax
"settlements" by railroads for less than the amount owed
have since been declared unconstitutional.
In Trenton, Acting State
Net
Other
232,853
$36,956
from
airplanes
refunding
and
the
$14,000,000
Approp. of
and
shipping
admin,
and
Depreciation
1942
X.\
$1,327,091
$2,631,746
sugar,
and
the
between
Fed.
.1943
1944
of
produced
date.
to
Sept. 30
Statement for Years Ended
Income
Sales
moratorium
Cuban
first
first
new
reorganization
ture"
2,177,964
12.58
1,110,436
> 13.18
the
payments
19,124
$76,271
Power
requests
Circuit Court
S.
Provision
Transitory
to
/
'
amortization
7,820
$1,139,217
transition
Pacific Ky.—Extends Exchange Offer-
this
The
960,918
original face value of $1,000.
;H:.;6V
2. A principal payment of $44.72 on" each bond of the original face
value of $1,000.
This pavment reduces the principal of the bonds
outstanding to $2,916,931.60, or $909.41 per $1,000 bond and $454.70
bond
each
on
9,795
$966,941
20,146
108.
U.
of $174,009
sum
253
.
..
of the 1940 Constitu¬
tion of Cuba, the company deposited in Cuba in June 1944 with The
'First National Bank of Boston, as trustee for the first mortgage
bondholders,
$1,131,397
$56,080
Massachusetts
1944, $121,694;
L. Wallace, President, states:
During this fiscal year just ended, company has effected
4 Central RR. Co. of New Jersey—Trustees Ask Dismis¬
sal of New Jersey, Tax Appeals—
*'
1942
27,562,948
220,464
18,205
1943
15,004,260
110,012
40,351
2,738,097
-12.28
ground
the
$957,146
under
Dwane
provisions
at 100 was
1,345,769
gals.
molasses,
cane
$55,827
$96,417
Pacific
into
opened
p.
stated in part as follows:
gal.
molasses,
with
accordance
In
$95,856
'561
to pfd. stocks for period.
2643.
company
One
sugar,
Production
37,793
.
response
Central
Report—
1944
32,411,392
272,375
Sept. 30—
cane
p.
Central
'
Production
14,937
2?;%,
1945,
16,
balances arising from voluntary
reductions
in
previous
billings,
$909,867;
other
accrued liabilities,
$480,900; reserve for possible future inventory price declines and other
contingencies, $1,310,289; capital stock (486,775 shares no par), $3,946,527; paid-in surplus, $267,958; earned surplus, $4,196,860; total, $14,012,145.—V. 160, p. 1291.
There have been called for redemption on Feb. 2, next, at 108 and
interest, $104,000 of first and general mortgage 3Vi % bonds, series L,
due Oct. 1, 1970.
Payment will be made at the Old Colony Trust Co.,
trustee, 45 Milk St., Boston, Mass.—V. 160, p. 2755.
started grinding-operations Jan. 4, 1944 and manu¬
following products which are compared with 1943 and
Years Ended
3,132
and
Government contract
Cessna Aircraft Co.—Annual
_i_*
Central Maine
company
the
Wisconsin
payable Nov. 25,
493,007
1,073
Jan.
of
competitive bidding.
Caribbean Sugar Co.—Annual
Borden,
491,408
charges
—V. 160,
anticipated.—V, 160, p. 2755.
E.
37,250
maturing
("VT"
accounts
Douglas attack bomber,
.<
The
for
limited-term
Net income
District of
Columbia.
The Commission and the SEC previously had rejected the
company's application to.sell the issue at 97'/a,-stating they were not
Satisfied with the results of competitive bidding.
The Alex Brown &
Sons group bid had been the only one submitted.
The company informed the PUC that as a result of negotiations with
this group an offer to pay 98% upon certain conditions had been made.
The proposed reoffering price would remain 100, the same as previously
factured
41,300
payable
agreement
$375,000;
425,763
income
Interest
1944
^Application to make the sale, for reoffering by the group
filed Jan. 5 with the Public Utilities Commission of the
W.
of
Gross
■
instead of the 97»/2 offered at
credit
loan) for $3,000,000 expiring Dec. 31,
payable (trade), $459,794;
accrued wages,
salaries and commissions, $377,106; accrued general and social secur¬
ity taxes and amounts payable for taxes withheld, $341,645; reserve
reserve
oper.
1949,
'
453,514
revs—,
Other income (net)_
Capital Transit Co.—Competitive Bidding Offer—
The company has negotiated an agreement with an underwriting
group headed by Alex Brown & Sons to sell its proposed new issue
of $12,500,000 first and refunding 4%
bonds to the group at a price
of 98V2
Liabilities—Notes
1946,
641,389
33,532
$3,279,283
renegotiation
$6.31
settlement.
Balance
Sheet, Sept. .30, 1914
^
VAssets—Cash, $2,225,363; U. S. Treasury Tax Savings Notes, $200,000;
S.
certificates
of
indebtedness,
$5,950,000;
accounts
receivable
(trade), $3,279,651; inventories, $2,839,260; accounts receivable, $65,664;
U.
the company's 1943*business was also completed
close of the fiscal year.
In accordance with
The renegotiation of
in
1944
but
the
after
the
findings, the company made a cash^refund, after allowance for
Federal tax credit, of $439,471, which was charged to the reserve for"
the
of government- business.
In addition, the post-war
reduced by $294,541.
Further tax credits, however, reduced
renegotiation
-refund was
t^e !bet cost
to
approximately $712,000.
were.not affected.
Since ample provision has
renegotiation, the net earnings for 1943 as reported
been made for this
■
'irbjjje
company's 1944 business is subject to renegotiation at some
during 1945 and it is believed that adequate provision has been
time
made for any
.
refunds which may eventually be required.
ferred
and prepaid
charges
$9,515;
post-war
refund
of
excesa
property,
plant
amortization of
profits
and
equipment
(less reserve
$2,133,741), $2,353,878; sundry
expenses, $88,846; total, $17,145,979.
for
de¬
Liabilities—Notes
payable, banks, $3,500,000; accounts payable, trade,
salaries and wages, $101,324; Interest, $8,620; income and
profits taxes, $3,094,614; taxes other than income, $299,668;
price adjustments on war production contracts.
$3,635,558; sundry,
$2,914; employees' war bond deductions, $43,858;
sundry liabilities,
$17,510;
reserve
for conversion from war to peace-time operation,
$1,451,080;
Oj&r $1), $700,000; capital surplus, $1,457,357;
$1,247,446; total, $17,145,979.—V. 160, p. 324.
$1,586,030; capital stock
earned
VT-Loan
.
receivable,
excess
'/>
.
interest
accrued
taxes.
$133,802;
depreciation and
surplus,
,
no
liabilities,
and
receivable,. $921,
in
and
deficit at
The
Interest-on
accrued
or
Provision
which
assets
first
were
cash
mortgage
of
$198,425,
bonds
of
accrued
Caribbean
interest
Sugar
Co.
principal amount of $368,311 after amortization payments to
the
date.
its
Sept. 30,
funded
debt
1944 was $26,203.
and
amortization
of
principal
have
been
at Sept. 30, 1944 in accordance with the Transitory
the Constitution
of Cuba
adopted June 4,
1940,
by
paid
of
,$he. interest rate has been reduced from 8% to 2Va % on the
to l%on the bonds. The mortgage principal
mortgage' an& from 7%
which
1965
being
V.
became
as
due
in
1932
is
being
amortized
over
the period
1942-
provided by law., The bonds which matured Aug. 1, 1941 are
over, the
period 1942-1970 as provided by law.—
amortized
160, p.
1965.
►
mortgage
bank
3,048,402
1,108,079
life
oh
$820,459; total, $14,012,145.
$5,777,751
3,400,022
72,224
securi¬
reserve
from
drawings—at
On
1945
■
107.
p.
$6,425,106
287,295
32,997
investments
Elected—
*
earnings_ii:—
$489,260
proceeds
$3,797,210;
$4,832,921), $2,325,060; trademarks, patents, patterns
record value, $1; .deferred charges, $188,900;
real
and miscellaneous investments
(less reserves aggre¬
gating $21,021), $9,255; estimated post-war refunds of Federal excess
profits taxes (including refund bonds of a face amount of $84,054),
1944—12 Mos.—1943
49,223
1944
of
and
estate
the
297,386
appropriation
been appointed a director
$4,423,000
$
-
in
Traffic Earnings
of
Return
Week Ended Jan. 7—
effect
$517,835
taxes
Amort,
•'
,
1944—Month—1943
revenues
Prop, retirement
occasioned by the death of Hon. Henry Cockshutt.
vacancy
put into
were
.31,
Oct.
hand, $2,307,254; U. S. Govt,
and accounts receivable (after
on
of
assets,
a
Operating expenses
Federal taxes
of New York has been appointed sole
for the $4.25 cumulative preferred stock.—V. 161, p. 4.
Canadian Pacific Ry.—New Director
Howard P.
r.hanges
left
value
amortization
Central Arizona Light & Power Co. —Earnings—
which is to carry a $4.25 annual cumu¬
cording to the directors.
"The Guaranty Trust Co.
agent
important
Period End. Nov. 30—
Stockholders Underwritten—
Balance Sheet,
and
deposit with insurance companies, $257,418; sur¬
life insurance policies, $89,974; sundry other current
$121,683;
fixed
assets
(after reserves
for
depreciation
and
render
$839,471;
of common held.
Rights to subscribe will expire at 3 P.M., Jan. 25, 1945, and any
shares not subscribed for will be taken up by an underwriting group
headed by Union Securities Corporation
and Hornblower & Weeks.
Other members of this group are: Goldman, Sachs & Co.; Harriman
Ripley & Co.* Incorporated; Lehman Brothers; Alex. Brown & Sons;
Eastman, Dillon & Co.; and Merrill Lynch, Pierce, Fenner & Beane
The directors also announced that the preferred stock is convertible
through Dec. 31, 1949, into common stock at a price of $40 per share
for the common, and at a price of $45 per share for the next fiveyear period."
Conversion privileges will cease after Dec. 31, 1954.
,,'The preferred is callable at $105 for the first.five years, at $102.50
Jor the five years ending Dec. 31, 1954, and at $100 thereafter,, ac¬
transfer
insurance
$31,251,354.
Also, as of Dec. 1, the Procurement Division of the corporation was
merged with, and'became part of, the Manufacturing Division.
John H.
Holton, Works Manager, will continue as Vice-President and will serve
in the capacity of Assistant Manager of the- enlarged
Manufacturing
Division'.—V. 160, p. 1732.
preferred for each 12 shares
of
is
1944,
banks
cost, $2,032,479; notes
$117,250). $1,765,372;
inventories,
of
of this corporation with a view to placing the
position to make the most of its opportunties post-war.
1, 1944, George R. Auld became Vice-President in charge
of
the
Manufacturing Division.
He
formerly was associated with
Frigidaire where he was in charge of production and related activities.
50,429 shares are to be offered to common stock¬
Jan. 11, 1945, at $100 per share, on the basis of
record
of
share
1,
in
ties—at
Division
in
company
dividend rate,
holders
one
Oct.
figure
Consolidated
:
Assets—Cash
activities'
its
on
As of Dec.
authorized preferred,
Of the
report
during the. 11 months ended Septv 30, 1944, totaled
After
deducting
$4,055,659
of
terminations
and
cut¬
of
As
.
Offering to Common
*
lative
"
.;/•
;
interim
an
This is 26.4% larger than the
total of orders booked during the first 11 months of fiscal year 1943.
As
of
Sept. 30,
1944, backlog of- uncompleted sales amounted to
$21,762,986, or 9.9% less than the same date a year ago.
special meeting held in conjunction with
the annual meeting, on Jan. 8, approved charter changes increasing
the
number of authorized preferred shares to 60,000 from 30,208,
and of authorized common shares to 1,000,000 from 850,000.
A total
of 367,712
common
shares or approximately 61%
of the 605,157
common
shares
outstanding
approved the proposals, while 10,989
common
shares were voted against the proposals.
1
R. W. Moore, President, explained that the company wanted to raise
the money now in preparation for a post-war expansion plan.
at
stockholders
The
in
15
booked
$35,307,013. :
backs, the net
New Preferred Shares to Common
poses to Offer 50,429
Stockholders—
■
Dec.
on
part as follows;
Orders
Inc.—Stock Increased—Pro¬
Dry Ginger Ale,
Canada
p.
corporation
said in
Service Co: will
Co. of Philadel¬
will redeem its $574,000 outstanding first mort¬
1964, which are held by the insurance company,
preferred stock.
California Public
sell the stock to the Provident Mutual Life Insurance
Electric Co.
&
Gas
;
Carrier Corp.—Interim Report—
by California Public Service Co. of its electric properties to Cali¬
Oregon Power Co. for about $470,000, and the sale to Pacific
& Electric Co. of other properties for
14,000 shares of Pacific
sale
Monday, January 15, 1945
Arrangements were
concluded
In
October,
1943,
for
a
VT Revolving
Credit
Loan
under which
the company might borrow
any amounts
up to $7,500,000 for the purpose of providing adequate working
capital during the war and particularly during the interim between
needed
the cancellation
of
war
contracts
and
the settlement
of
them.
Subse¬
quently, $1,350,000 was actually borrowed, of which $375,000 remained
unpaid as of Oct. 31, 1944.
In view of new legislation with respect
to
the settlement of cancelled
war
contracts, enacted in 1S44, the
management and board of directors felt that so large a line of credit
is
no
was
ing
longer necessary.
amended
as
of
-
Consequently, the arrangement of Oct. 1, 1943,
Oct. 28,
1944,
so
as
to reduce the maximum revolv¬
credit to $3,000,000 at a standby interest
than provided for in the original agreement.
rate
somewhat
lower
Cherry-Burrell Corp.—Annual Report—
Oct. 31, 1944, corpo¬
dairy plant equipment and
after all charges, including
Federal income and excess profits taxes.
This was equivalent after
preferred dividends to $1.3.1 a share on 445,975' shares of common
stock outstanding and
compares with
net of $580,976 and $1.15 a
common
share for the previous year.
<
" In
the
ration,
The
annual
reports
slight
proportion
crease!
report for the fiscal year ended
manufacturer
supplies,
of
taxes
net
and distributor of
income of $562,414
reduction
war
and
in
work
earnings
with
a
was
smaller
substantial increases
in
due
mainly
margin
of
the cost
of
to
an
gross
increased
profit, in¬
producing
dairy
.
machinery without corresponding increases in selling prices, J. W.
The Securities and
/Income Account Years Ended Oct. 31
•
.
//v'V'.'
:
■
Net sales
Gross
profit
&
Inc.
401,108
k 445,500
406,495 '
;
$580,976
"
V
64,745
dividends
Common
$779,024
67,745
$600,618
67,745
356,540
745,709
$562,414
—
dividends
Preferred
■
profits tax.
exc.
Net income
:
356,780
Oct.
71!;'Comparative Consolidated Balance Sheet,
.-:Assets— y
'•'■■■■■■ /.v/ k'vk;'''-'/,
Cash
.356,303
1,987,082
2, 106,974'
Inventories3, 821,146
Notes
receivable
accounts
&
Deferred
less
(trade)
res._u
charges on war contracts
Other deferred
to
Advances
employees—
in
Investment
103,981
19,850
1
1
—:
:
majority owned unconsolidated
a
at cost less reserve
and excess profits tax
refund
55,213
facilities, at cost
Emergency
and
Patents
_c.
_
46,787
_r_.
Liabilities—.
■_
local
and
Capital
surplus
Earned
surplus^
of
Freight
Revenue
C.
Loaded
from
Received
and
kilowatt
corporation
hour
output
adjusted
company
1
Ox*iginated
Rcvd. fronj
for
Jan.
on
kwh.
of
announced
10
15.9%.—V.
for
161,
the
that
output
of
Scofield
A.
Sales
He
160,
Rcvd.
671,280
26,768
27.219
342,908
353,689
trol
67,827
68,833
834,772
828,051
manufacture
of
20,195
20.086
260,479
Retail
35,961
.-411,205
399,368
Distribution
53,024
56,027
671,684
167,018
2,883,579
Products,
installation
Inc.
148,745
.156,310
1,926,800
296,192
323,328
4,010,379
3,936,653
the
year
and
paid
equalled
iiowever,
Total
majority of
the
approvals were received
662/3 %. needed to put the plan into eiiect,
■Y
The plan is expected to
the next week for
within
Michael Igoe will
number
A
3JA
and
details
of
is
Milwaukee'
holders
^
.
;
bondholders, 100%; holders
Milwaukee & Northern consolidateds,
99.39%;
Gary first
mortgage bonds,
93.56%; St. Paul
generals, 99.20% ; Milwaukee 50-year bends. 99.25%; convertible adjust¬
ments,
87.88%.: holders of all other claims allowed by the court,
Northern
notes
secured
of
99.82%.—V.
first1 -mortga ge
assigned
161.
RFC,
to
100%;
108.
p.
'
'
|
>
divuiend
oi
1944.
in
paid
were
Robert
Jan.
American
of
January,
1941,
Inc., joined
Airlines,
income_____.
Ended
Sept; 30,
1944
and
*Net
_•
J.
Beck,
has
been
have
neer,
announced
appointed
been
Jam 8.—V.
on
and
directors,
160, p.
,
*•!;.»•: •I
'♦.L
-
%
H
share
per
holders
the
on
previously paid
The
on
to
declared
stock,
This
23.
quarter
each
dividends
extra
11
common
Jan.
record
of
Jan.
on
>
follows:
as
par
addition,
Aug.
quarterly dividend
usual
March
record
of
of $1.06'A
6.—V.
160,
the company in 1944 paid
and on Dec. 22. $1.
25 cents,
15,
share was also declared
par value, payable March 31
254C.
per
the $4.25 cumulative preferred stock, no
holders
dividend of 25 cents
value, payable Feb. 15 to
with 12% cents per share
quarterly
compares
In
On
no
>t
1
a
p.
22,500
60,000
______
■
.
1,751,800
t66,898
1169,616
$2,180,909
$2,079,310
$2,063,850
_:
reserve
_______
$488,500
A.
for
in
depreciation of $385,050 in 1942;
(Deficit.—V. 160, p. 1524.
Co.—Acquisition—
Colorado Milling & Elevator
company
standing
stock
Involved
was
ff
■'
r
•
Cudahy, Chairman of the board,
has announced the acquisition of substantially all
the Updike Grain Corp. of Omaha, Neb.
The
but.
announced,
understood
was
S1.00Q.OCO.
The
Updike
Western
p.
K
-
company
Ry.
operates
terminal
1757.
V
elevator
Council'
at
t1 lT
boou
.
t.
On
had
Oct.
entered
Corp.
$2,383;
ment at
3%
rate
of
to
102
16,972
at
cost,
cash
surrender
value
and
fjxtxures,
$7,845;
total,
of
$2,030,842;..;
in
used
operations
and
old
notes,
Sept.
-
1,
opened
and
sales
a
poultry
the
of
and
$132,825;
•
President of
Container Co.
the
subsidiary, has been elected
charge of the paper container
in
Co,, Inc.—V.
160.
a
The
ent
the capital
par
value
number
of
of
the
vote
to
shares
shares
Feb.
structure
amounting
21
of the
of
operating
directors
cents
per
share
on
Jan.
15
share
4he
to
Dec.
and
the
present
holders
disbursed
on
1943.—V.
160,
10
Jan.
p.
of
usual
record
and
Dec.
July
622.
Oct. 31/ '42
366,935,001
391,378,487
expenses
402,218,288
344,075,052
26,629,121
22.859,949
11,066,039
•' / V t
.
;10,168,483
10,906,890
1,794,454
1,822,531
'
.
.-
of
extra
dividend
1.0,
,
of; $2,50
30.;
An
>
1944,
value,
par
of
like
Jan.
11
extra
and
on
both
and
134,335
12,507,021
8,261,668
1,146,149
323,862
Cr254,S36
"8,528,117
8,184,354
3,768,171
3,190,061
3,431,454
3,352,282
467,489
467,489
per
taxes
(less
________
share.
common
Federal
and
income
credit
result
a
$5.58
______
State
post-war
as
of
of
debt
taxes
$797,000,
notes
of
j
^___
15,549,597
3L698.122
22,174,406 ' 22,584,846
—359.865
discount
and
294,322
July
10,
Reserve
$9,429,000
payable
and
accrued
First
Colonial
30,
of
as
159,
-
advised that this corporation
were
with
Central
Vermont
Public
Federal
income
mortgage bonds,
and
other
288,918
11,039,573
taxes
tl.OR^g.Tt
reserve
series B,
274.82J
due 1964_____z.
14,000,000
3,500,000
for
the
principal
amount thereof,
such
1944.
20,
stock
New
and
note
Howard
duly
were;
delivered
and
paid
for
The' Sharon
G.
R.
Water
Utilities
Co.
to
a
Corp.
resident
sold
of
all
Sharon,
received in payment therefor the sum of $17,500.—V.
of
the
on
.
capital
Conn.,
160, p.. 2644.
7.%: preferred
Wascher,
previously
/,
in
charge
of
,
.
,
Crown
and
.
Co.—December
Drug
Period End. Dec. 31-^-.
...
Dec.
11,
.the
r
store
2,000,r 00
6,550,500
.6,550,500
v
14,024,670
14,024,670
2,968,643
2,968,643
9,065,682
6,796,343
—$72,014,916
$74,163,985
_______
%V'*After
064,493
reserve
in
Dallas
1944—12 Mos:—1943
for
depreciation
tAfter
1944.
U.
S.
of
$22,088,827
Treasury
notes
of
deducting. U. S. Treasury notes of $8,100,000.—V.
Sales—
1944—Month—1943
74,893
—2,000,000
—
_____
surplus
Park
demption—
A total
$1,158,022
company's
2,000,000
72,809
_______
surplus
Earned
3,937,500
>_
2,000,000,;.
;•
-
manufac¬
$1,128,461 $11,222,422 $10,487,483
in- Independence...Mo., was com¬
pletely destroyed by fire. However, a-temporary location in: independ¬
ence
was
being opened on Jan. 6.—V. 160, p. 2644.
:
On
1,1950
company
($30 par)______________
Capital
,,^1'otal
foreign
subsidiary
457 f "9
17,007r500
adjustments
in
stock__
Com»hon,stocK
turing; has beeirelected a'Vice-President.—V. 160, p. 1966.'
Sales
Colonial
"
post-war
interest
•®^;'Mer'red stock—
.'
Vice-President—
for
Minority
to
subject
„
1944,
Cony, sinking fund 4% debs., due Sept;
Reserve
__l!__!^
"
,
Special
Service
the capital stock ot Vermont Utilities, Inc., for
the $50,000 note of that company owned by
Corp.
—
15 the smallest.
such State, and Federal regulatory and administrative
ftad jurisdiction.
These approvals having been obtained or
On, Dec.
stock
agreement
an
of
.f-
Co.
Offering —A
special offering of 6,052 shares of common stock, (par
$25) at 60 V\ per share, with a commission of 75 cents
was made on the New York Stock Exchange Jan; 8
hy
Merrill Lynch, Pierce, Fenner & Beane.
The offering
was completed in the elapsed time of 30 minutes.
There
were 47 purchases by 23 firms; 800 was the largest trade,
bv
as
waived,
nil
well
Utilities
approval
bodies
into
as
Iowa..—V.
Refining-
5,794,213
" 288,918
payable to banks
Sinking fund payments, current
Fii-st mortgage stock fund bonds due
Sep. 1, '55
.
sum
/
Bluffs,
Products
$10,335,5^9
7,075,124
exppnses_____
payable
for
Employees' pension fund
,
'
payable
Dividends
was
'
,
359.079
20e!82i
$72,014,916 $74,163,983
r__
payable
344,522
232,534
expense_______
charges
Accounts
413,284
.
Total
Notes
$3,007;'713
13,641,611
•
debt
is
Oct. 31,'43
$9,858,640
(net)_..________.
assets
Unamortized
20
$779,000
$7,173,244.
.
___________—24,954,020
499,518
:___
insurance
exgfess
Slieet
______
receivable
_
Deferred
which
of
$5;93
and
Oct. 28, '44
and
Investments
"Fixed
467,489
-
$1,354,873
retirement)
Balance
:
______
Prepaid
_____
$6.10
of
Assets—
Inventory
1,141,215
outstanding
__________
the
of
amount
/133,560
#
Capitalization
increasing
,2,025,603 ',K-1,734,525
13,132,047
stock
com.
par)
Accounts
by
genei;^l /arid
Consolidated
semi-annual dividend of 80 cents per
stock
capital
an
at
428,847,409
same.
lastgr declared
cheese factory
.
,
currently available
ViceContinental
.
the
21,
increased
of
care
new
a
Oct. 31,'43
.
a
stock/from $2.50 each to $10 each, the
to. remain
on
take
to
open
28.240,441
.%<•:
Liabilities—
The
over
419,6.18,928
revenues__
for
Earnings
company
$20,000,000
will
we
income
($30
approving a proposition to
by changing the pres¬
on
charges
1,090,007
Shaves
VvX -*
$5,000,000. to
enlarged
was
—
Net
Ohio,
Wert,
and
of
_
will
stockholders
capital
plant
charges
;—
Prov. for inc. & excess profits taxes
by Increasing Par Value of Shares—To Pay Extra Divi¬
rearrange
fixed
•t'
Oct. 28,'44
,
Other
Cash
Continental Insurance Co.—To Increase
in
construction
early spring
advertising,
profits
of Van
director
division
$219,000
Interest
2182,"
p.
ot'
to
Operating profit
Continental Can Co., Inc.—New Director—
Eggers,
;V
;
result
a
%,
&
..
"Includes
A.
as
'
>
••
in
wholly-owned
of
depreciation_:;__;_:J_
1,539,324
Taxes other than income.
taxe^/_,_: ;H;, i;152,i 62
Contrib... to employees' pension
fund,/.,.";, 350,869
.
Hans
company
debentures.
administrative, expenses
furniture
depreciation),
(less
...
Provision
reserves
interest
minority
saving
and
of
operating
sales
Selling,
charges,
(banks),
1946,
the
aggregated $1,128,000.
covered replacement of present
dairy and poultry plants.
During the past
cheese factory at Culbertson, Neb., poultry and' egg
items
additions
In
„
invest¬
$59,700;
deferred
<
$39,268;
bonds
Tenn.
Cost
for losses, $99,808;
subsidiary,
$43,442;
7%
cumulative
preferred
stock,
$74,600;
common
stock,
$240,310;
earned surplus, $464,021; capital surplus, $451,560; total, $2,030,842.—
V: 157, p. 2039.
-• •
V
due
income,
loan,-, of
seven-year. term
a
to
construction
new
and
we
dairy
Net
$395,000;
insurance
payable,
$3,609;
other accounts
payable
and
accruals, $12,318;
reserve
for
taxes, $41,391; reserves for dealers, $32,689; subordinated 4'/2% prom¬
issory
and
accrued
deposit
,
payable
1964
v
Years Ended—
.•
(less depreciation), $143,143;
and.automobiles
Liabilities—Notes
$82,560;
as
Comparative Income Account
-
(on
insurance,
life
in part,
investment in
business.
loan
in,subsidiary not .consolidated,
in
annual
?n
the
net
Lafayette.
4,806
obligations
Govt,
S.
6 stated,
Jan.
on
packing plants, at Ssterjing, Colo., and Harvey, N. D., a hatchery in
connection with our poultry and egg plant at Coffeyville,
Kan.;,- and
began cheese processing operations at Neosho, Mo.
Our Rushville, 111:,
<,$29,784
Sept. 30, 1944
Sheet,
life
year
with
of $95,000—contra)—at cost (market value,
notes receivable, $1,479,465; other current receiv¬
U.
due
..
/;% /
advantages
princiDal
$8,006
Balance
bonds
following
■
^/
preceding year amounted to $70,206.
$3,639;..Jand and office building
Corp.—Selfe/ ££rt of Holdings—
the stockholders
1944,
sell
to
$462,000,
Dec.
4.
out¬
approximate
the 2,75.Q;000-bushel Chicago & North
v
Colonial Utilities
to
1943
a
B
facilities
$29,886
7
r
$152,107;
collateral
as
Corn
of
not
$436,121 in
1944.
Notes
The
3,432
operation, namely, the total funded debt was reduced $3,945,000,
our principal debt was extended
approximately io years .at a lower
year,
J
•
directors
75,000
20,000
60,000
______
conting.
properties, plant and equipment as of Oct!. 28,
1944, amounted to $22,174,000, as compared to $22,584,000 at the
previ¬
ous yea-. end.
Depreciation provisions of $1,539,000 were made for the
24,100
% ■'
:
income for the
$100,070), $100,600;
Colgate-Palmolive-Peet Co.—Increases Quarterly Pay¬
The
77,45.1
64,000
1,751,800
;3,432
The
__1.
:
dend of 20 Cents—
ment—
25,854
100,233
<
1,751,800
•;y.
L.
2537.
customers
3,432
the
13,216
155,692
•
taxes___^___'iij_
dividends—,
President
*
L. McCoy, Chief Engi¬
William J.
Sinek, President,
Vice-President,
Assistant
31,882
t48,106
and
.
t\
Consolidated
Can
T.
with
war & post-war
_
$222,894
•
-'v..
Assets—Cash,
bank
staff
became General
"
192,736
$114,862
99,534
expenses.
stock
The
10,773
:
Balance surplus—
a
City Ice & Fuel Co.—New Directors—
$84,693
$208,468
105,782
$3,500,000.
$209,572
2,550
1
^
;
dividends-
Common
the company's legal
Assistant General Counsel
1942.—V. 161, p. 108.
as
in December,
Counsel,
General
and
Secretary
accrued
surplus
this
income
Preferred
Carleton Putnam, President, announced on
who
succeeds Amos Culbert,
now
a
Vice-
Bolander,
Mr.
8.
Counsel
Jr.,
Vice-President,
President
in
Bolander,
H.
a
for
series
'
-
Year
for
stock
a current basis.
The
consumed most of the
two cents per share was
Net income, before minority interest in -profit of subsidiary
profit of subsidiary'!^--
deferred
Chicago & Southern Air Lines, Inc.—New V.-Pres.—
elected
&
refunding operation during the year ended Oct. 28, 1944,
the
company
replaced
the
outstanding . $17,007,500 first
mortgage
series A 334%
bonds maturing in 1955 and the $3,937,500 4%
deben¬
tures maturing in 1950 with an issue of $14,000,000 first mortgage
and
Minority interest in
ables,
securities
of
on-the
vote
•
be
the plan.
plan by the various classes
showed, the .following percentages of approval:
--The
will
Corporation
Finance
Reconstruction
the
with
loan
paid off prior to or after consummation of
$2,063,850
:
.
payable
Through
on
now
borrowings___„___
consummation
transfer
400.000
31,809
$2,079,310
Cudahy Packing Co.—Annual Report—
,
settled before the final
be
must
1,089,999
41,626
follows:
Y.), which is engaged in the
equipment.
preferred
years
Account
•:'0;
be sent to the U. S. District Gourt in Chicago
confirmation, and it is expected that Judge
thereafter.
confirm it soon
1,041,846
42,869/
—
$2,180,909
"After
.
plan, such as appointment of reorganization managers, trustees
agents.
There is also the question of whether the $10,-
the
of
from
198,253
998,534
______
charges
Total
the corporation acquired con¬
(N.
stock
small
a
Income
__t
of
Net
securities
more than the
poll of the various classes of
that
reported
419,382
120,149
154,477
200,019
surplus
(formerly Automobile
the
on
Provision for State and Federal income
;
Approval of:the plan of reorganization by a substantial
holders was announced Jan. 10."
/••% '/'Y-'k; ■
holders,
307,503
209,778
(net)___
assets
Reserve for
securities
a
320,496
(net)
bottles
and
containers
1944—12 Mos.—1943
charges and interest earned-.
disposal of treasury common stock___
on
Miscellaneous
RR.—Plan Ap¬
proved by Majority of Security Holders— V
conducted
______
178,670
interest
1,898,699
Cost
which
$204,258
50,000
Capital
Capital
Operating expenses_i_^____:
ICC.
1942
$283,838
125,000
10-year 5% sinking fund debentures
4xh % purchase money mortgage...
for
Manager
finance
Profit
161, p. 4..
The
receivable
cases
Res.
industrial
of
dividend
Consolidated
Net
Chicago Milwaukee St. Paul & Pacific
1943
$305,562
taxes
E.
1944,
paid on the common stock Sept. 30,
2,037,954
;
______
$38,783
Sheet, Sept. 30
hand
on
Accrued
$2,158,745 $21,811,420 $19,824,782
Corp.
arrearages
income,
653,664
147,447
■
60,000
$102,717
payable
Accts
,
1944—Month—1943
$2,589,324
dividend
during
net
Roads-
connections
______
$104,042
surplus
1944
and
notes
Stores, Inc.—December Sales—
Commercial
and
the
of
full
254,296
32,829
Total
$38,783
Earned
Transfer
Heat
entire
_ _ _ _ _
3
from
Rcvd.
-V.
1,181,740
1,177,680
connections
for
Total
$162,717
post-war conting._
earned
Total
appointed
was
During the year ended Sept. 30,
Total
&
to
hanks
"Fixed
and
Continental
Road)—
Originated
3,600
$104,042
year..,.
&
Finance Co.)—Annual Report—
Marquette Ry.-^—
from
for
war
Deferred
2644.
p.
2,101,249
Originated:J
11,139
1,429,969
,1,480,192
96,052
9,627
80,071
taxes
Inventories
\
>.
was
________________
—V.
680,823
94,595
for
Barrels,
decrease
a
*
8
Period End. Dec. 31—
Connections
2,161,015
______—1
Pere
Cr3,560
Liabilities—
Jan.
on
Consolidated
All
Total
$48,450
•
6,950
Treasury ctfs. of indebtedness
108.
p.
formerly General
the three companies.—V. 161, p. 108.
51,516
from
Rcvd.
& State
Accs,
elec¬
General Sales Manager "of
Consolidated Edison Co., Brooklyn Edison Co. and New York & Queens
Electric Light & Power Co.
He will be ip charge of all sales activities
in
the companies under the direction of Nils T. Sellman, Assistant
L.
connections
Originated
profit
Notes
171,249
Plate
$116,639
Cr64,167
3,631
'
___________
(Nickel
195,144
105,735
$181,810
Balance
Inc.—Output—
System
week of last year,
corresponding
Official Promoted—
48.089
'
Total
143,164
Assets—
the
148,573
connections
'
__—Cr5,933
for. Fed.
Balance
(electricity generated and purchased) for the week ended Jan.
1945, amounted to 186,000,000
kwh., compared with 230,100,000
212,400,000
1944—12 Mos.—1943
119,733
232,647
133,046
331,232
profit
of
show
to
<fc O. Ry.—
100,484
227,467
^
expenses
income
Net
'j >.
»
1944—Month—1943
Period End. Dec. 31—
Operating
Other
corresponding week of 1944, a decrease of 19.1%. Local
distribution of electricity amounted to 178,600,000 kwh., compared with
:i--';it;-/Z.v^^
r/i'Si
$576,795
207,322
•
,
Deductions from income__
Prov.
weekly
this
kwh.
Chesnpeakei & Ohio Ry.—Carloadings—
Carloads
4.5
Consolidated Edison Co. of New York,
$10,831,789' .$9,424,206
t-i'i
to,
3.0
Prov.
Vice-President.
jl
1,791,588
$689,654
■
11.8
199,358,000
tricity
2,586,291./»2,441,906
—
187,964,000
203,690,000
Cash in
3,716,458'* 3,713,958
473,012
' 472,512.
Total
2,027,541
$864,194
207,988
Fed.
profit
operating
Administrative
electric energy of subsidiaries
general business conditions ot
territory served for the week ended Jan. 4, 1945 amounted to 264,224.478 as compared with 246,780,772 for the corresponding week in 1944,
an increase of 17,443,706 or 7.07%.—V. 161, p. 108.
5,399'/.,3,492
stock'/$I00; par)'_L:____._!—1,354,900 '1,354,909
—V. 159, p. 107"; .'."fi •? ,
,./• /%>.!:■;•
* .'?«<••3 .vY.-,-*
195,470
$2,368,383
•-./ '
tax)—
-
161, p. 108.
The
7,
($5
217,459
$2,717,194
'!
2,761,053
(including
243,451
Selling expenses _________________
Shipping expenses
1__
Commonwealth & Southern Corp.—Weekly Output—
$624,748 ./
727,322;
$684,433
'
518,659
303,004
825,000
' 450,000
Federal
stock
Common
210,138,000
209,898,000
208,424,000
incomP-'—_—
preferred
5%
4.0
16-______-__4____
$9,424,206
royalties, e,tc.__;___—u& Dominion income taxes
taxes,
for
sold
U. S.
payable—bank, Regulation "V" loan____ ~
Accounts payable
Accrued
pay roll, bonuses, commissions,
State
Unearned
186,799,000
23_____;1:__A__—
55,227
Notes
Reserve
goods
revenue
Gross
% Inc.
1943
.1944
Dec.
pec, %
"
:
; %
194,310,000
The
Total
of
eral
less
cost
;_—
'
$3,625,246
_________
a
317,740
—
at
amortization
2,003,421
4,999
J $10,831,789
(nct)__
applications,
patents
11,912
1, 970,297
Propertyv/plant and equipment (net)—__——
of
30
of
English subsidiary,
Post-war
year.
four weeks
107,847
20,554
.
output-
tax
sales
Cost
the Commonwealth
Edison group of com¬
to other electric utilities, for the week ended
4% increase over the corresponding period
Following are the kilowatthour output totals of the past
and percentage comparisons with the previous year:'
last
—V.
Net
and
268,021
,
charges
Electricity
panies, excluding sales
30, 1944, showed
Dec.
2,944,092
.
discounts
Massachusetts sales
Dec.
$1,352,705
S. Treas. notes and Can. Victory
U.
1943
allowances
1942
$2,563,853
"
1943
$2,934,654
1944
$3,868,697
Returns,
Co.—Weekly Output—
Week Ended—
-
Sept. 30—
Sales
■.%'"
.
Dec.
i%
1944
on
Commonwealth Edison
31
deposits—•• "<$1, 836,522
865,315
loan bonds
hand and demand
on
68,099
hearings
of
Brewing Co.—Annual Report-
Years Ended
Exchange Commission has set Feb. 6 for the open¬
corporation's reorganization plan. For outline of
plan see V. 161, p. 4.
3,699,853
1,126,376
347,352
987,471
1,308,123
,,
3,597,688
1,059,502
458,884
3,266,719
3,826,792
__
before ,taxes__
inc.
Net
ing
1944
1!943
' 1942' '
1941
$18,067,052 $13,479,517 $13,822,805 $13,481,296
'
-
Croft
Columbia Gas & Electric Corp.—Hearings Set—
Ladtl,
stockholders.
told
President,
205
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4351
Volume 161
tion
on
of
Feb.
Apartments,
"
:
1943'
and
Miami,
-
.
$23;-
lAfter
*
2756.
Fla.—Partial
••'! ;'/!
,
.
j
Re¬
-
$21,300 first mortgage bonds have been called for redemp¬
3,
1945,
at
the office of J?mes Donn,
at
in
$7,000,000.
160, p.
par
and
interest;
Pavment
wilr
be
trustee. 2790 N.'W. 17th Ave., Miami,
the First Natiortal Bank'of Miami.—y; 159, p. 348.
;
" 1
made
at
Fla.,ror
THE COMMERCIAL & FINANCIAL CHRONICLE
206
The following schedule shows the total net^assets of the fund, the
the company both along present routes and for. proposed routes now
number of. shares outstanding, and the net assets per share on Dec,.
pending with the Civil Aeronautics Board in Washington//
>•//
End of the year founcj Delta's total number of passengers up 51.7%
31, 1943, and Dec. 30, 1944.
over
1943, and the 1944 total showed a 4,080% increase - compared
// /S' /'///%:>'/■:>/////1///// . Dec. 31/44
Dec 31, '43
with the year 1935, with substantial gains for each .of/ the 10 years,
/ Total net assets—:
___
jt»ivb£i/3Ul
$6,541,607
Shares outstanding-————/
438,798
323,911
Earnings for Four Months. Ended Oct. 31-/! us/ '«?•?• 1944
1943
Net assets per share—>...
$23.05
/; $20.19,
Net profit before..taxes/../.,/-///--% $514,975 ,v,$270,447
__V. 160, p. 2645.
■
Income tax,
Manufacturing Co.—Common Stock
offered Jan. 10 at $23.50 per
share 60,000 shares ($1 par) common stock, of which
50,000 shares are authorized but unissued.
The remain¬
ing 10,000 shares, already outstanding, were purchased
from J. A. MacMillan,. Chairman of the Board, and his
Rubber
payton
Offe
vJ:ered—Lehman Brothers
wife... '
/■*"':'••.•.////;;.■/•/;/;'
;'•
'/•/
.■
,
.
-V.
sinking
serial
3%
March
/'
"
1946_
1
'
eight
160,
sales
Net
14,682,891
2,826,663
$1,959,981
128,700
{Bell., admin. & gen. exp.
'
Operating profit
charges (net)-.,
Income
Net prof.
$1,720,369
115,614
and excess
1,677,000
22,752
$983,927
—V.
respect of 1942.—
Prov.
for
contingencies
160,
be
stock
and
Corp.,
has
V.
^
V
.
:
J
...
i
_
A
_
'
•
voted
to
to
'
I
This
Underwriter- -Lehman
Brothers,
Consolidated
Profit
from
the
up
*
,
York,
New
dividend
no
last,
of
1
payable
(trade),
which
like
amount
followed
was
National
City
Guaranty
by
This company
of
the
Bank
Trust
is
of .New
of
Co.
Oil
&
for
income and
Net
profits taxes—
excess
addition
of
for
the
for
way
Delta
Air
the
less
Sept. 30, 1944
payment
..
1
,
York
The
of
its
Lines,
dividend,
on
holders
meeting
no
value
par
loans
Liabilities—Bank
Courts &
new
of
such
and
income
for
serve
Oct.
on
Dec.- 18,
par
Co.. of Atlanta
for
flight
equipment,
of
#,-•;•••
any
"
no
profits
excess
Corp.
into
Agent—
subsidiary,
announced
the
issue.—V.
same
160,
p.
Utilities Associates
10
plans
to
calls
for
payment
two outstanding
at
as
shares, and
which time it
value
and
put
1944—Month—1943
Jan.
10,
595,369
Operation
44,378
inc.
voted
102,424
to
at
38,918
:
%
revenues!/.
$210,595
26,340
27,729
$236,935
one
change from
new
shares
on
sale
will manage the underwriting group for the
of
ground
the
new
facilities,
issue
will
and
the
be
used
gene'ral
for
purchase
expansion
of
j
160,
2401.
p.
Bank
Trust
&
creditors
Co.,
Distribution—
distributing
as
stockholders
and
Electric
of
agent
Power
a
the
for
Associates,
final distribution
cents per share of common and class A stock represented
surrendered for cancellation.—V. 149, p. 4028.
by
the
for
of
for
2070.
Renegotiation Completed
completed
renegotiation
proceed¬
a
net
books,
has been charged against the reserve for contingencies
this and other purposes so that the net profits lor the
reported to stockholders will not be affected.—V. 160,
as
(
J
/Period End, Nov. 30—
/,
Operating revenues
Operation
$7,776,278
1,601,331
2,092,291
26,725
303,600
296,698
142,399
100,965
1,472,831
1,155,520
146,655
138,002
-1.793,349
1,604,183
$300,438
$290,535
$2,789,392
$2,627,585
19,638
1,380
187,653
32,230
$285,214
$2,601,738
$2,595,354
_____//
Taxes ••_____-•-
revs
oper.
and
Exploration
Balance
>
devel-
opment: costs
Other
1944—12 Mos.—1943
$7,960,504
25,062
Depreciation
Net
(& Subs.)—Earnings
(Del.)
1944—Month—1943
$725,346
$728,401
110,790
172,111
Maintenance
*
•
j
,
Gas Co.
Paso Natural
El
..
—
has
1943.
The agreement reached resulted in
in excess of the amount provided on the
yesr
$35,690
1943
year
it
that
amount
provided
p.
reports
company
*
______
$280,800
J
Drl4,447
income
/
:
26,985
53,240
$2,628,724
$2,648,595
298
$266,352
deductions
Income
Pfd.
div.
stk.
33,859
31,035
400,919
406,052
$258,428
$2,227,804
$2,242,542
require-
8,631
103,579
103,570
$249,796
8,631
Balance,' surplus—:__U.
Note—Provision
461,608
„
1,784,668
;
$213,008/$2,350,094
tax is
1,829,708
$2,124,225
$2,138,963
/
Federal
for
follows:
as
$223,861
income
tax,
and
surtax
profits
excess
-
•
.....
Period End. Nov. 30—
inc.
Fed.
$2,376,957
Fed.
353,761}
/.v304,636
tax &
161,
1944—12 Mos.—1S43
1944—Month—1943
surtax.
profs,
exc.
—V.
$2,654,730
$2,730,718
'63,260.^
747,430-• •?765,145
/
57,425
Income
$179,510
_______
amortization
&
$99,976:
$91,121
21,076
tax.__
$1,192,533
16,899
$1,965,573
472,035
490.122
per
384
18,309
21,543
the
/•/
90
.,,
$1,907,300
40,657
1
Pfd.
div.
$142,200
deductions;
B.
V.
G.
$136,435
&-E.
'
$1,416,956
Co.„
77,652
'
$1,453,908
77,652
'
declared
Balance
to
U.
E.
Utilities
Eastern
$1,376,256
$1,339,304
:
minority
to
interest-—v
of
dividend of
a
$1
$1,319,407
income
232,368
.
.
$1,356,183
213,004
__11
income.
Total
$1,551,775
■
available
Balance
154,675
and
surplus
from
-subsidiary
Fall
El.
t
.
232,368
213,004
''
-—
Expenses
taxes)
-
87,667
•
Interest
Common
dividend.s_____
dividends
—V.
to
160,
■
. „
oper.
from
ry.
$1,278,209
1,234,157
1,131,306
$94,886 "...
$146,903
.//
B.
3,288,223
year
cents
fund
with
1944
numer
the extra
will
be
$1
(taxable
purposes
fund
showed
and
20
the December distribution.
with
cents
of
this
of shareholders,
four dividends of
will
mailed
be
to
paid
in
1943.
dividend
as
a
It
will
be
long-term
furnished
in
shareholders
the
is
increase
an
in
net
cents
Total
before the
that
of
shares
an
per
1,144,079
1,415,183
2,292,193
1,388,347
145,228,787
122,207,099
97,806,82!)
45,329,122
r
income.....
51,369,761
17,327,879
44,908,949
22,671,544
32,846,606
17,852,716
20,062,251
'
formerly
of
while
goous
full production
devoting
extra
out¬
Trust Co.
Union
of
Pitts¬
b;
:
.
.
,
%
.
fund
the Eureka Vacuum
to war materiel,
conqlt,ions permit so as to assure maximum post¬
men/and
for
women
have
we
spot
who will be released from
the
H. W. Burritt, President, told a conference
dl"tributors. at Chi"°go on
(".mrninv
Jan. 3.
authorization
for
production
of
cleaners
BurriU saia, "prouuctidn programs ior war materiel have
being
reviewed and stepped up,
our's included, and
are
or
of
con'•i',edition we must and will
armed services."—V, 160, p. 2645.
other
pnv
responsibilities to
of
50
the
Federated Department
$1.30 a share
January.
the
is readying plans for limited resumption of consumer
soon as war
as
employment
war
of
Fred
approximately'47
the
with
meet
our
share.
a
report
end
2,433,751
Eureka Vacuum Cleaner Co.—Post-War Plans-
been
"capital gain divi¬
information for
tax
as
Exact
annual
in
value
and
dividends of
designated
gain).
asset
each
estimated
1941.
$8,932,212
4,453,708
145,231,658
income___
Townsend,
"Although
paid
::
,.1942
3,517,185
headquarters at Cleveland, Ohio.—V. ,161,. p. 6.
V^ordV'-«?
the
The
1343
1944
.
railway...:
and .11 o»io, '
For
~
company
railway
oper.
Gerard
2541.
Eaton. & Howard Balanced Fund—Results for 1944—standing, in
and Nov. 25, last.
on
to
each
cents
burgh, has been named Assistant to the President of Erie Railroad with
20,998
$1,329,042
paid____
surplusjL___)_i___^._____^__-i__^_
p.
25
common
the
armed forces and war work,
Balance
of
railway—— $12,123,083 $12,836,823 $11,300,969
Cleaner Company
for
distributions
92,820
>
19,687
Balance
1, Sept. 1
par
railway
from
Net
40,®S\
39,366
income
Quarterly
$1,432,884
$1,475,762
(including
ry.
$1,219,880
'
CoZ_____
Light
29.
1943
$1,243,394
companies_______r_!
from
cents
New Official Named—
1944
Dividends
Taxes
$1,414,512,
$1,405,056
70
From Jan. 1—
Gross
(Eastern Utilities Associates Only)
Dividends
River
from
Net
dividends
for
Comparative Income Statement
from
Net
' $1,569,137
146,720. f
of
share.—V. 160, pp. 727 and 8.
November—
Gross
the com¬
on
dividends
RR.—Earnings-
Net
2
$25
share
per
the usual semi-annual
stock outstanding before the two-foralso paid quarterly dividends of 25
share, and, in addition, on Jan. 15, 1944 disbursed an extra
per
$1
Erie
..
Non-subsidiary
to E. U.
r
preferred stock and of 60 cents per share
stock, par $20 each, all payable Jan. 15
Dec.
split-up,
per
■%-•./■'"': /-•
•'
Associates—
Earnings of subs, applic.
old
the
stock
cents
$1,319,407;-:$1,356,183
A
record.
made on June
On
of
20,073
19,896*.:.
$20,- and
on the first
second
preferred
were
K
par
share
one
Applicable
230,577
"
,
directors have
stock,
mon
holders
Balance
$1,103,273
247,279
•
6.
p.
Ely & Walker Dry Goods Co.—$1 Common Dividend—
$177,476
37,220
Miscellaneous deductions
.
,
'
Gross
1
$289,513
$232,493
income
Net
•:
The
"
income
Gross
$240,736
oper.
..
stock¬
directors.—V.
(in
ings
cost,
u"
'
532,631-
,
167,634
150,787
Retirement res. accruals
The
call for
a
<
1944—12 Mos.—1943
taxes)
(incl.
Balance
the
of
25
will
*
.
*
Elliott Co., Jeannette, Pa.
$945,494 $11,492J394 $11,079,368
525,935 *' 6,825,3011
6,411,095
issue additional
authorized
was
the
on
of Jan.
was
11 '
'
adjourned the hearings, but reserved right
Investigator Orr decide to call additional
SEC
161, p. 6.
Chemical
which
Sub;)^Earnings—
(&
$1,001,129
•____
*
Jan.
''
should
Bryson Wiegers, Vice-President, Secretary and Treasurer, died
at the age of 42.
He was also a mgmber of the
of
The
York has been appointed registrar
1524,
'•
i '■
^
12 Months Ended Nov. 30—
its
,,
.
liquidation), has been authorized to make
Trust Co. of New
Period End. Nov. 30—
after giving effect to the
corporation
i.V
certificates
City Bank Farmers Trust Co. has been appointed sole transfer
42,500 shares of 4%% cumulative preferred stock
Operating revenues
value.
par
Hearings
America—SEC
,
$203,506;
taxes,
Eastern
registrar
for
them
of 8 3,10
company,
The. Guaranty
16'C/
/.;•
agent
of
Corp.
Inc.
$170,000;
interest
Dun & Bradstreet, Inc.—Transfer
The
dend"
the
inputs
109.
p.
for
mortgage
by
compare
from
•
agent for
Registered—Stock Dividend—
post-war expansion, the Corporation, oper'4';
additional
$3
•
Woodbridge, N. J.,
an
31.—V.
appointed
Nut
i
Examiner MaeCullen
The
other taxes payable and accrued, $8,655; 6%
sinking fund bonds, $959,000; bonds purchased, and
$36,000; capital paid in, $4,420,415; capital surplus,
$194,300; earned surplus, $256,549; total, $6,332,803.—V. 157, p. 218.
first
held
An
July 31,
stock issue.
Proceeds
t>t
to
system
161,
trustees
accounts payable and
accrued on bonds, $10,590; re¬
taxes, less payments on account
(secured),
liabilities,- $145,788;
Applicable
market.
the
the
include
competitor.
a
refund
at
\
,
.
accrued
the common
2645.
which
for every
99,192
not
x :/
hearings on registrations of the corporation were concluded
12 days of testimony .presented
by company officials-,
engineers/ bankers, accountants, Army Air Force officers
reopen
board
7.
issue and the dividend will bring the total of outstanding
400,000 of 500,000 shares authorized in Sept., 1940.
stock
do
l.S
;/
'
••
;•/./•, v::'-v.. "...
figures
Stop
witnesses.—V,
effort.
company's $3 par value common stock.
issuance
' /;.■ /i//;.-:.'.-;'
5. alter
Trial
to
•
transfer
as
and
^
equipment
of $2^3,367), $1,975,221; miscellaneous
depreciation, $118,731; total, $6,332,803. '
new
additional share
above
,
The SEC
$889,664;
depletion
Taxes
change Commission in Philadelphia for the marketing of 102,424 shares
The
1,766
industrial
accounts
and
bills receivable,
less
reserve,
$263,855; investment in bonds and stocks, including accrued
interest, at book value, $185,217; unexpired insurance and prepaid
taxes, $16,015; cash in banks, $7,150; refundable portion of excess
profits tax,
$2.7,015; properties (alter reserve for I depreciation
of
$1,020,674), $2,(149,935; timber limits at bock values (after reserve for
after paying a 50% stock dividend to its old stockholders.
C. E. Woolman, Vice-President and General Manager, said a prosper
tus and registration statement was filed with the Securities and Ex¬
of
98,191
Jan.
:
Balance Sheet,
Assets—Inventories,
stock,
shares to
'99,967
and tractors
trucks
logging
.is included in operating expenses.
Delta Air Corp.—Stock
as
Co.___
Pet/
$85,813
of
depreciation
Total
Paving
18.G
& Lt.
Elastic
•
for depreciation Shown above,
the provision
to
$25,194.25
Maintenance
this issue on
on
.—__
profit for the year___
amount
$754,338:
made
Refining
Derby Oil Co.—See V. 160, p.
ating
14.(5
17,756
Pwr.
Ended—*'
—21,398
~
242,443
66,277
depletion—
by the com¬
1944
York has been
New
stock of
the surviving
Derby
1-8.618
Note—The
88,874
Provision
to holders of record Jan. 2.
was
similar
a
334,313 shares of the common
merger
Amount
96,402
$504,805
/•.■
Expenses, taxes and interest—,...
the
1944
180,023
88,643
7,968
Derby, Oil Co., Wichita, Kans.—Registrar, Etc.—
The
1945
171,405
Lester
—
depreciation of plant and equipments:
is estimated
p. 2069.
and
Kilowatt-Hours—•
Coi^)._
in
——
for
Net
share has been declared
payable Jan, 31
of
of
companies not appearing in both periods.—V.
at a
from
:■__/_
,
for
accounts
cents per
25
corresponding,-
the
/
—Thousands
i
.
& Lt. Co.__
•<'. '•
$496,837
Provision
miscellaneous
value,
par
distribution
with
compared
as
Lt.
-
,
Provision
Delaware Power & Light Co.—25-Cent DistributionA
Co.,
Subsids, of—
Pwr.
tDecrease.
Ending Sept. 30, 1944
income
Total
miscellaneous ac¬
counts
payable, $1,342,854:
notes payable (portion due within one
year), $150,000; notes payable (due 1946), $150,000; 4% sinking fund
debentures, due March 1, 1958, $2,550,000; reserves, $632,575; class A
$2 preference cumulative stock (par $35), $1,628,130; common stock
(par $1),
$438,622;
earned
surplus,
$3,078,081;
paid-in
surplus,
$150,511; total, $10,875,112.—V. 161. p. 5.
'
initial
Light
Electric Bond & Share Co.—Official Dies-
Ltd.—Earnings—
investments
Deductions
Interest
•Stock,
&
Electric Power Associates, Inc.—Final
Y.
N.
Sheet, Oct. 31,
Balance
$1,161,377;
Liabilities—Accounts
Power
;
,
operations___„_
from
Income
receivable (net), $2,022,414; In¬
assets, $361,588; prepaid values and
deferred charges. $81,355;
investments, $189,265; fixed assets (net),
$3,704,654; intangible assets, $1; total, $10,875,112.
:/■■■;
Assets—Cash,
ventory, $3,354,458;
&
&
appointed
is subject to approval of
action
Income Statement, Year
"
during the last three years was used or useful in the war
pany
-
Inc.—Weekly Input—
Pwr.
Jarvis
B.
W.
been
capital stock
autnorized capitalization
split
the
increase
Dryden Paper Co.,
C
-
-
6.
p.
Note—In
r<
r-
and
two-to-one
4
to 2,400,000 shares.
161,
175,000
in 1942, 46% in 1943, and 42% in 1944,
It
considerable additional percentage of products sold
a
also
the
stockholders at the annual meeting in Cleveland, Ohio, March 19.
'
"These
steps
were
taken to provide added marketability of the
stock,"
H.
N.
Mallon, President, said,
"and
to provide additional
shares
for
the
possible acquisition of properties in the future."—
company's program
the completion of the
for
Jan.
on
Non-oper. income, net__
that
suchi
of
'■•.v-; V
Natl.
Ohio—Proposed 2-for-l
Split-Up—To Increase Capitalization—
directors
of
ratio
:
37%
1941.
Doehler-Jarvis
of
date
to
Jan. 4, 1945, the System inputs of client oper¬
Ebasco Services Inc., which are subsidiaries of
Light Co.,
Electric Power & Light Corp. andl
of
Oper.
appointed agent to handle
for
The
years,
contracts
been
exchange of stock of Doehler Die Casting Co. and of
Stock
company's total consolidated net sales during the past four
dollar sales of products under prime and known sub¬
with the Government amounted to approximately 2%
in
the
Of
fiscal
has
Co.
interest
••'•■'
Elec.
Dresser Industries, Cleveland,
Business—Company is engaged in the manufacture and
sale principally of specialized mechanical rubber goods products and
of pneumatic
tires and tubes for passenger automobiles and trucks.
During the fiscal year ended Oct. 31, 1941, approximately 57% of the
company's consolidated net
sales consisted of sales of mechanical
rubber goods and
the balance .consisted of sales of tires and tubes.
Of
the mechanical
rubber goods sales, V-belt sales constituted the
most
important
part,
the
balance being represented by sales cf
rubber and synthetic rubber parts for textile machinery, various types
of rubber and synthetic rubber covered rollers, and sundry mechanical
rubber
parts.
During the last fiscal year the company produced
products of the same character as in 1941, and also producedjbogie
wheels for Armv tanks, life rafts, pontons and flexible oxygen hose
for use by the U. S. Government.
Sales of the latter products during
the fiscai year ended Oct. 31. 1944, amounted to approximately 23%
of the company's
consolidated net sales during such year.
Of the
balance of the consolidated net sales during sych year, approximately
54%
consisted of sales of V-belts and other specialized mechanical
rubber goods products, and approximately 46%
consisted of sales of
tires and
tubes.
Under present conditions substantially all of the
unfilled orders on hand at any one time are scheduled for completion
within
a
six-month
period
or
less.
Such orders for mechanical
rubber goods for the Government are generally for shipment over a
period of from three to six monhts,r those for civilian mechanical
rubber goods being
generally for a shorter period.
Orders for tires
and tubes are for from 30 to 90 days, and orders for special products
for the Government are generally for periods of six months or less.
As of Jan. 6.
1945, unfilled orders of all kinds aggregated approxi¬
mately $4,485,000.
Trult
and
Increase
principal transfer agent of the consolidated company.—V. 161, p. 109 t /
and
*
$2,862,379
•:/
$3,516,314
:
Co.
and Waynesville, N. C., plants.
Dayton, Ohio,
History
$736,687
100
.
.
week during 1944 were as follows:
the
and installation of additional
at lis
receive
,.
% 1944—5 Mcs,—1943
■
Chemical Bank &
The
its Dayton, Ohio, plant and for the acquisition
machinery and ether productive facilities
of
Sales—V
-—-----
300,000
used
expansion
2645.
p.
■
———
$620,622
$781,716
__
will
stock
the
will
ended
Power
Amer.
$521,054
$710,292
Dividends have been paid on the company's common stock during
the
last
seven
fiscal
years
beginning in 1938 (arrearages on the
class A stock having been paid up in 3937) as follows:
1938, 50 cents
per share;
1939, $1.25 per share; 1940, $1 per share; 3941, $1.25 per
share; 1942, $1 per share; 1943, $1 per share; 1944, $1 per share.
Purpose—The net proceeds from the sale of 50,000 shares of com¬
for
week
the
companies
ating
Doehler-Jarvis Corp,—Exchange Agent—
$1,311,835
*
.
in
mon
and
_
1,010,227 /, 426,543
961,381
——
Renegotiation
Net profit
shoe
American
1944—Month—1943
Sales
•
f
credits)
;
settlcm't
post-war
chain of
National
(less
taxes
Beck
S.
—
Stores Corp.—December
Diana
$1,417 714
105,879
$1,831,281
$1,604,755
$2,458,716
bef. taxes--
income
profits
the A.
1945,
Ebasco Services,
$2,976,109 $30,246,456 $29,375,470
2645.
p.
Period End. Dec. 31—
600,000
Fed.
1944—12 Mos.—1943
For
160,
those of
sales include
above
Note—The
$14,063,151 $11,748,728
7,989,951
9,915,295
13,378,282
—«
2,341,063
2,187,875
2,793,985
$2,584,446
125,730
saies__-U---__.
of
Cost
22,
surrender.—V. 159,. p. 6,
.
$20,094,000 $17,892,636
______
-
1944—Month—1943
—$3,309,478
Sales
1941
1942
1943
/ (Yukon Territory excepted) of the Dominion Bank, Bank of Montreal
ii and The Royal Bank or Canada./Homers of any of the called bonds •
may surrender the same for redemption at The National Trust Co./
Connecticut' and/one in Vermont,—V.
/
/'V '/ "''''//V///''//" V'"/:/ / Ltd., trustee, 20 King St., East, Toronto, Canada, at any time prior to
in
lumber yards
p.' 2541.
'
X
:
stores.—V.
scrip for fractional shares are to be delivered
upon surrender of outstanding certificates for shares of the old pre¬
ferred stock, old priority common stock and eld Class A common stock
for exchange under the company's 1934 plan of reorganization.
Results of Operations, Years Ended Oct. 31
1944
100
has purchased the entire capital slock, of the Con¬
Building Materials, Inc. of Hartford, Conn., which operates
retail
Period End. Dec. 31—
and/or
shares
full
for
at
Jan.
shares
999
have been called for redemption on Jan. 29, 1945, a total of
of outstanding first mortgage 4% bonds, series A, due 1951,
and interest.
Payment will be made at any branch in Canada
There
,
Diamond Shoe Corp.- -December Sales-
for which certificates for full shares
and/or scrip for fractional shares are to be delivered upon surrender
of outstanding certificates for old preferred stock for exchange under
the company's 1934 plan of reorganization.
$50,000 shares now offered
are authorized
but unissued and the remaining 10,000 shares are now
issued and outstanding.
^Excluding 168% shares held in the treasury,
but including 657% shares represented by outstanding scrip for frac¬
tional shares, and also including 2,289% shares for which certificates
including
also
and
Co.—-Acquisition—
company
solidated
$300,000 shs.
—_______—„___
Diamond Match
The
t46,318
§176,671
"Issued under a bank loan agreement dated March 17, 1943, whith
provided for an aggregate principal amount of $450,000.
Of this
amount $150,000 due March 1, 1944 has been paid and $150,000 due
March 1, 1945, included above, is treated as a current laibility in the
balance sheet.
fExcluding 200 shares held ir. the treasury, but includ¬
ing 665 shares represented by outstanding scrip for fractional shares,
(Par $1)
stock
Common
•
-
_
_
••
$300,000
l^;'
•
46,518 shs.
pref. class A stock (par $35)
$2
■:////
$281,000
$2,550,000
$2,550,000
fund debs, due March 1, 1958
notes due March
1, 1945 and
161. p. 109.
(T.) Eaton Realty Co., Ltd.—-Partial Redemption-
$156,129
$149,975
income
Net
,
Authorized Outstanding
4%
,365,000^ ■,..114,318
reserves_____i,_i4,__^_T—_______—
-/./•'
at.Oct. 31,1944
and Capitalization
Debt
Funded
Monday, January 15, 1945
which
Edward
C.
Jr.,
a
post of Vice Chairman
child, another director,
p.
109.
.
Stores, Inc.—New Pres., Etc.—*
director, has teen elected President, succeeding
Blum, while Edward C. Blum has been elected to the new
Lazarus,
of the board of directors. Walter N. Roths¬
has been elected a Vice President.—V. 1G1,
'
'
'■
•
.
i
Number 4351V
Volume 161
Fire
Fidelity-Phenix
Co.
Insurance
Increase
To
—
Capitalization by Increasing Par Value of Shares
Pay Extra Dividend of 40 Cents—
y; yO;.;
cumulative preferred
v
stock
To •
""-.t-
—r
approving
tin
election
Operating expenses
$3 460,919
-
Dr.
1,770,793
636,008
C.
retired
G.
"Tire
789,200
799,428
$211,932
$233,600
$338,991
$2.36
$2.53
$2.58
$340
$1.29
$1.55
i.:y293 ahrs. c ass A stk.
shrs.
414
V.
a
of the company's research laboratory.
Dr.
oh, Dec'.: 31 is. Vice-President and director
a
Otlrer
Coolidge
research
W. D.
of the
stk.
B
$1.26
$1.18
„
$194,250 in
served
by H.
L.
Andrews,
the Pennsylvania
by
,
Operating
.
(net)
1,174,269
later
457,107
1,650,788
146,734
Gloversville RR.—Resumes Div.
has demared a dividend
of 50 cents per share, payable on Jah. 20, next.
This is said to be the
first payment to be made on the. stock in 31 years.
The stock on which the present dividend will be paid was issued as
under a plan of reorganization put into effect last June, terminating
a
10-year trusteeship, and is held by former bondholders and stockrecently announced thai the company
was
holders.—V., 160,
p..
Mr.
-(
,
.
.
States.
•
y
increased the annual dividend- rate on the $1 per
50 cents from 20 cents, after giving effect to the;,y
recent
two-for-one stock split-up, by declaring a regular quarterly,j
dividend of 12V2 cents a share, payable Jan. 19 to holders of record
Jan. 10.—V. 160. p. 2183*
directors
The
stock
common
to
Inc.—Earnings—
General American Investors Co.,
41,947
bonds---—~
1941
$1,340,110
41,840
1942
$1,100,500
94,698
$1,147,885
$>3>,483
214,790
-.tucks...._
•Dividends on
Interest on
$1,1^1^7
1943 '
$1,107,937
1944
Year Ended Dec. 31—
deductions from
Other
^
,
income—
income
.
income
—V, 161,
Nej;'income
'.$492,140
Interest
on
Interest
on
bank
47,897'
debentures-
out of capital surplus, with the permission of
Exchange Commission, amount to- $599,900 for
stock
Securities
and
Certain
$1,3819*0
127,557
Aniw.v.
on
of
tody
"1,452
73,205
24,145
78,513
13,727
old
-i .>
expenses
29,331
33,847
33,557
130,101
140,503
172,419
$51,283
•Including
in
the
81.
/
.1944
1943
' : 1942'
y1'';
$181,682
'<$210,935 ' $211,716
y"V;,y\'■''
DrlQl
during year.,—..2,783,946
750.879
on com, stock-,*- Dr2,826,434
Dr780,132.
«
tProfit on
-
i/t $373,8831
previous balance-..-—
•Net: profit on securities
sold
tDivs.
Profit
on securs.
sold-
$210,935
$211,716
337.908
^85,067
23,125
178.993
911,940
948,803
$1,249,847 : .$1,256,996
$1,113,950
>
1 Excess
Net
of
3,592
provision..__
inc. for
Dec.
343,759
balance^
Previous
31
who
963,692
-
'
Total
$1,311,043
Unamort.'
discount
on
(less
.
386,000
.
399,000
520,088
,
■520,088
606,734
"
11,467
43,389
49,941
Cr4,690
':
•354,976
•290)460
•620,968
$317,305
271,014,
taxes-
$447,292
271,014
$492,071
$462,294
271,014
271,014
*245,153
Cr4,695
------
$539,520), $693,718; trademarks, $5,249;
■.'yV'-VV-T^'''!'■:!"
$4,062,972.
■>,'y'"
>
,.V"
payable—trade,
$182,434; dividends payable,
commissions, taxes and expenses,: $114,392;
accrued income taxes, $377,601; deposits by employes for war bonds,
$10,554; common stock, (216,811 shares, no par), $1,042,895; canital
surplus, $1,341,967; earned surplus, $884,723; 'total, $4,062,972.—V. 160,
Truck
of
Morgan
Coach
and
Douglas
D.
Division
was
as
General
announced
$108,406; ' accrued
Manager
of
6
by
Jan.
on
Douglas
general
been
has
y
Division
parts
since
1923.
and
He
accessories
also
Graham-Paige Motors Corp.—Will Produce 'Rototiller*
of
manager
wages,
1400.
p.
;
been General
1933 and dilator
parts distribution.for General Motors war-products.—V. 161, p. 110.
Motor
Chevrolet
the
has
corporation has acquired manufacturing rights to Roto tiller—farm.machine which does the work of plowing, disking and
in one operation—and will produce the machines as the
first of its line of special farm equipment! as soon as materials ar&
..y
This
versatile
harrowing
General
to
the
President.—V.
44
years
160,
p.
a
J
2542...
y
Exclusive
and
/'
.
t.
General Tire & Rubber Co.—Renegotiation—
■■■
:
has completed
companv
year
ended Nov.. 30. .1943,. resulting in a refund
160,
p.
1862.
•-
.
Inc.,
this
type,
models,
farm
of
T'V'i:yy
Troy,
"y'.
license rights to manufacture
walking and riding, road-
including
Y„
N.
were
secured by
which
:'.!'-"y 'T
"
,
will
the company
to build
continue
attachments, Mr, Fraziex*
'yyy''
; y--
plans to utilize the
that Graham-Paige
revealed
outlets
of
11 by Joseph W. Frazer, Chair¬
American
wheelbarrow-type model and various
said.
He
South
and
heavy-duty
and
Rototiller.
Small
dealer
on Jan.
y'Tryyy!
board.
North
machines
sell
making
a
,
renegotiation of war contracts for the '
to the Govern-!;.:
meat of $1,489,497. Adjustments in the company's statement to reflect
the
setfleihent showed a reduction in sales by that amount and a
net" increase
of $86,692 'in
profits
after taking into account the •
$5,175,000 provided for?Federal, income taxes and renegotiation refund.
Net as-originally reported by the company aggregated $1,740,085,. or
$2:75 a share: en;, 526,862' common shares, after preferred dividends.
fiscal
the
of
man
Vice-President, retired on Jan. 1,
in that position by Herbert Chamberlain, Assistant
for
it was announced
available,
Railway Signal Co.-^Retirement—
Winthrop Howe,
end was succeeded
y
distributor and
by the Troy concern and to expand these
company's line of farm machinery.
j
Switzerland the farm
implement was introduced tobuilt
organization
handle the
to
Invented
in
C. W. Kelsey, President of Rototiller, Inc.,
the Swiss company, the Societe Industrielle
Rotatives, and has been responsible for many
fifteen years ago.
America
obtained license rights from
Machine
De
Agricoles
improvements in adapting the tiller to varied American soil condi¬
.y''y'wv >yy;y.y v., /
■ ■.> 'yy ■
>.
Frazer
said that Graham-Paige also plans to manufacture other
tions.
General Precision Equipment Corp.—Listing of
tional^Capital^^ Stock-^
Addi¬
special farm
equipment, including a
110.
tractor,—V. 161, p.
1
^
y y*!;
yy—u:-v 'yy'—y—yy 86,328
retired—y-i'h—i,.
paid—li t
374,000
divs,
dividends
Common
57,373
for depreciation,
reserves
total,
rThe New York Stock Exchange has authorized the listing of 15,000
417,500
additional' shares>of capital; stock (no par) upon official notice-'of >
325.055.3 issuance under a certain 'option granted by the corporation to Earle ''7
G.
Hines,
President, on March 18, 1940, making the total amount 1
Total tmdistrih. inc.-■'?■■■'$330,308
' $343.759y <' $337,908
>$285,067
applied for 601,087 shares. '
"v''.
Or.
March
Total capital surplus;
18, 1940; the board of directors adopted a resolution
$16,585,574 $12,809,944 $13J)69,544 $14,069,944
authorizing the granting to : Earle G. Hines, the President 'of the
+Less dividends paid' therefrom.
fA dividend' on the common stock
corporation, of an option to purchase at any time or from time to • y
of* $1 per share was paid, viz., .60 ccnt3 front 'profits on
securities
time, during a period of five years thereafter, all or any part or parts
sold and 40 cents from net income.
SFor .capital 'stock tax in 1941
of'15 000 shares of capital stock.
At the time the option was granted,
over
amount
paid in
1942.'.- *After State 'and
municipal taxes of
5 '/<■ } debs..
Preferred
8,624
91,680
,
exch.,
paid
Manager of the General Motors Parts Division since
—V.
ended
above)_„
year
(as
1,220
y
income
Dividends
'934,957
$181,682
$139,134
1
Undistributed Income-
$1,170,413
.
Wilson, President.
Mr. Douglas will succeed Irving B. Babcock,
recently resigned.
On Jan. 8, Mr. Douglas was elected a Vice-
The
Drl62,172
$746,376
profit
from
sold,
securs.
1941
.
$673,501
the
previously published figures for the 1943 period have been
for comparative purposes—V, 160, p. 2542.
appointment
GMC
E.
C.
$934,957
and
$948,803
•
in 1943, $31,099 in 1942
securities received as dividends.
$37,232
1944,
of Surplus, Years Ended Dec.
Statement
'
$911,940
$963,692
for year-
income
Net
$33,»o0 in 1^41 market value of
47,082
prior years'
for.
of
Other
56,806
1,607,667
$1,080,727
89,686
'
in
Net
$802,859
$699,294
taxes
for
'
■
$711,179
$616,695
Liabilities—Accounts
Mr,
39.059
137,796
au-.t. and report expsv:
in
Prov.
$2,318,845
insurance- &
benefit taxes
age
income
Fluct.
1941
1942
$2,427,837
$2,776,200
•'': y"V'- "yv.y- ■ y;
■
1,728,543
1,695,474
1,720,512
income,
Unemploy.
President of the corporation.
legal
sec.,
30,277
sales.
on
profit
charges
Depreciation
General Motors Corp.—New Vice-President—
The
debs.
debs.
paid and accrued
regis, fees, cus¬
Taxes
y
oiac,
oi
.
$2,056,772
.
Income
'
or
...
exchange of 5%
1943
1944
.
Earn, per sh. on 216,811 capital shs„
$2.13
the
$1.64
$2.06 • ■ !; $2.27 "
12 months ended Sept. 30, 1944 and $299,950 for the 12 months ended
•Includes excess profits tax.
'
y; V;y').'Ay!i;;,;;y-'7:
'
Sept. 30,
1943.
However, all such dividends were paid only on the
Consolidated Balance Sheet, Nov. 30, 1944
32,102 shares held by the public.
The remaining 27,888-shares are
held by the Trustees of Associated Gas & Electric Corp., who agreed
Assets—Cash on hand and In banks, $736,387; accounts receivableto
waive
receipt of these dividends pending further order of the - trade (less reserves for losses, trade discounts, returns" and advertis¬
Commission.
No dividends were declared on the $6, $7 and $8 cumu¬
ing, $86,714), $640,341; inventoried, $1,407,419; cash surrender value
lative preferred Stocks during either of the periods covered by the.! ;: life insurance, $105,667; government bonds at cost,
plus interest,
'statements.
Dividend* arrears on these cumulative preferred stocks,
$347,271; notes, accounts and interest receivable, $10,856; unexpired
as
at Sept.-30, 1944, ,were, respectively, $42,921,427, $1,792,485 and
insurance, leasehold expense, factory supplies, stationery, advertising
$1,246,034.,
'
and prepaid taxes, $61,499; total investments, $54,565; fixed assets
preferred
loan—
re',"mntion
Exn
'
earned surplus,
$2,351,973
1943
1944
adm. exp.,
discts.
Total
reclassified
$1,154,274
income-
Total
$223,281;
$414,803;
Jan. 1 to Dec. 31
.
$49,224
$2,337,207
profit from sales
incl.
Notes—Dividends declared 011 General Gas & Electric Corp. $5 prior
,
ma¬
110.
p.
Sell.,, adv. &
52,677
.
1943
1944
$44,400
Years End. Nov. 30—
Gross
CJrl,478"
$752,094
-y—y—^/'
y-—
$832,349;
$266,173),
(H. W.) Gossard Co. (& Subs.)— Earnings—
!:
.
32,360
of
reserve
10 Days End. Dec. 31
/.Vy:
131:267
taxes___l„_^__!i_
(less
(less reserve of $1,574,937),
and goodwill—less reserve, $24,383; de¬
paid-in surplus, $4,209,018;
par), $6,014,870;
no
Operating revenues
'
Provision for Federal income
(less
notes payable maturing'after one year,
income, $9,092; miscellaneous reserves,
to
Period—
$670,084
—
receivable
accounts
refund, $566,096; deferred charges—prepaid
$20,843,234.
\! y-.'
total,
$657,356;
credits
Redact,
Gross
customers'
Georgia & Florida RR.—Earnings—
;
1943
$833,362
157.401
1,355
113,383
.
buildings
trademarks
Income credits
$897,837
—'
$155,51.7;
$3,522,233; total, $20,843,234.—V. 160, p. 2757.
»
1944
$1,076,439
149,878
1,390
27,334
depreciation-.—
for
Prov. for taxes other than Fed.
Noel & Co.. has
by Albert Ruben-
prospective stores in the Southwest and the initiation of negotiations
for
additional leaseholds in that region.
The new Franknn outlets,
he announced
will be opened in Tennessee, Kansas and Oxlahoma as
soon
as War Production
Board reguiatmns permit, and will augment
the 50 stores now operated in
the Central, Southwestern and North
Central
'*
and
$220,248;
Operating
Total income
General, expenses
V
'
'
i
conclusion of leaseholds on three
Executive Vice-President.
Rubenstcin also announced the
stein,
■
to
shares
$1,787,220
-
year,
minority interest in subsidiary companies, $3,373; capital stock (586,087
2,690,734
Statement of Income (Parent Company)
,
Provision
director,
a
Add
Director—To
Jr., partner of Van. Alstyne,
it was announced on Jan. 5
Alstyne
Van
elected
been
,
one
patents,
deferred
stocks.
preferred
12 Mos. Ended Sept. 30—
Corp.—New
Stores—Dividend Increased—V David
and
banks
and en hand,
$5,189,218; cash—employee's
War Bond
purchases
(contra),
$29,635;
customers*
includ. Instalments in the amount of $14,104 maturing
Liabilities—Notes payable, $107,942;
trade creditors, $559,430; em¬
ployees' War Bond savings (contra), $29,635; provision for Federal in¬
come
taxes
and
renegotiation—estimated, $4,849,151;
provision for
other taxes—estimated, $243,051; other accounts payable and accrued
■yy 131,267
$2,132,501
1944
land
expenses,
Note—The! earnings of The Dover Gas Light Co., which was sold
on
Dec.
15, 1942,; Eastern Shore Public Service Co. and subsidiaries,
sold on Aug. 27, 1943 and Virginia Public Service Co. and subsidiaries,
sold on May 26, 1944, have been eliminated from the" above statement
of consolidated, income for both periods.
The earnings of Tide Water
Power' Co. have been omitted from the above statement; of consoli-1.
dated income from
1944 (and also 1943 for" comparative purposes)
due
to
the
institution
of proceedings against
the Company under
Section 11 of the Public Utility Holding Company Act as a result
of which
it
is expected that
upon recapitalization General Gas &
Electric Corp, will hold only a. minority of a new issue of common
stock which will take the place of the presently outstanding common
830.
Stores
Franklin
■
Sept. 30,
Sheet,
$328,774), $3,355,087;. other accounts receivable, $101,577;
receivable, $75,500; inventories, $5,465,195; investments, $4,-
liabilities,
ii3,383
■:
439,461
Balance
ferred assets—post-war tax
,
$4,609,221
2,311,451
y
income
Net
Liabilities—Accounts payable, etc. (including liability for merchandise
transit), $636,419; payrolls, salaries,-salesmen's ■ commissions, etc.,
$258 825;
accrued taxes, $165,969; Federal taxes on income (est.),';,
$709,000; stated capital, $2,818,535 class A stock (consisting of 245,470
shares no par and class B, 327,414 shares no par); earned surplus of
$7,552,921; total," $12,141,669.—V. 160, p. 222.
in
Consolidated
of
$715,861;
104,675
$4,557,335
250,000
$807,118
....
112 569;
$4,504,540
-
—
$12,141,669.
profits
chinery, equipment, furniture, fixtures, etc.
1,573,719
$4,410,601
2,279,700
in
S.
than
reserve
1,083,416
585,794
7,483
341,094,
—
dividend
1,873,435 t,- 1,868,633
u
—
213,951
;
__
net
notes receivable,
$17,762,301 $16,592,938
7,552,215
6,552.674
507,7l6
552,842
revenues
Operating expenses
Electricity purchased for resale
$3,891,8b
™
paid by parent company™,
savings—U,
1943
1944
'
1,168,630
tax—estimated
Assets—Cash
(& Subs.)—Earnings—
'
$3,564,867
326,995
income
Dividends
and New York Central railroads.—
30—
J,-
!—__
,
Condensed
12 Mos. Ended Sept.
$4,733,506
expenses
operations_1..\.--_-!_-i^c.^_:_^_i^s-;-s.-
Consolidated
•
It
15,724
W
profits tax (less post-war credit of $253,300)—est.
Provis, for renegotiation and adjustment of Federal taxes
Public Service Co. and Subs., Dover Gas Light Co.,
Water Power Co", and Eastern Shore Public Service Co. and subs.)
Tide
administrative
from
deductions
161, p. 109.
V"!y;V.:Balance Sheet,' Oct. 31, 19-14 .''/yy:.y;vT;^^
Maintenance
.Assets—Cash in banks and"'dn hand, $2,354,545; ;XT.. S. Treasury
Provision for depreciation
certificates of indebtedness, Treasury bills and notes, at cost, $3,000,'- !
ProV. for Federal income and excess profits
142; accounts receivable (including $192,800 current accounts of affili- ., prov. for Federal excess
profits, taxes
a fed
companies),
less reserve, $1,298,701;
merchandise inventories,
Provision for other■ taxes-—
$3,171,791; post-war 'credit; on' 'Federal excess profits tax, $99,050;' 1
miscellaneous receivables, securities, etc., less reserve, $16,427; invest¬
Operating..income
ments
in
and- advances
to affiliated companies^$1,017,450; t sundry
Other income
notes receivable, secured by pledges of capital stock of affiliated com¬
panies, less reserve,
$41,062; due from employees for purchase of ,
Gross income
class A shares of company's capital; stock, $12,810; company's capital
Deductions from income:
stock (class A)
purchased for resale to employees (1,200 shares), at
Subsidiary companies.—
cost,' $33,200; fixed assets (less reserve for depreciation of $467,355),
General Gas & Electric Corp
$1,075,907;
advance
traveling
and
other exnenses, $20,583; total,
Fonda, Johnstown &
LU,-::
v-—
Excess
The plant
Vice President.
trading.!
income
Normal
(Excl.* Virginia
$643,500 in 1943 and $505,700 in 1942
in 1943 and $9,300 in
1944,
post-war credit of $18,250 in 1944, $71,500
1942) and $149,000 in 1941 excess profits tax.
(less
$4,717,785
•
„
Total income
Refrigerator Plant—
it was announced
be
and
Income
position he has held since 1S40.
{General Gas & Electric Corp.
327,-:,
on
class
•Includes
frdm ;
233,-
on
Earns, per shr.
Profit
1,090,985
___
from
General
director of the research laboratory,
Vice-President, and in that capacity will be in
company
units,
will
Surplus,—
Earns, per shr.
Lawrence W. Mattson, Si\,
Byrne.—V. 160, p< 325.
y^!1/
12,085,220
'
manufacturing and selling™
Interest and discount fees earned on instalment notes.
Gremse,
30, 1914
__
Profit
has exercised options on approximately 100 acres of
land i in Ashtabula, Ohio,-where it will erect a post-war plant costing
between $4,000,000 and $5,000,000 for the manufacture of refrigeration
$1;238.739
899,749
$1,031,770
798,170
dividends—
Common
Mr.
William D.
9 Months Ended Sept.
$17,893,990
of sales
Selling expenses
assistant to the
Suits,
Build
To
506,OuO,
970,700
$144,937
profit--—
.
sales
Other
26,585
*
$1,011,360
.
the board,
of
recently - elected
charge
$1,831,324
23,336
1,108,500
$344,137
•Ifederal taxes—
Net-
$2,025,805
——
—.
any
Consolidated Income Statement,
'
Cost
^General Electric Co.—New Vice-President—
$3,502,202
;v
$1,888,021-. $1,731,410
'
137,185"
99,914
$2,119,860
$1,630,145
income^_„„_^.
charged^,—-
all or
Net
officers; Edward S. Gremse. President and
following
Chairman
laboratory,
Total
Other
i
.
-1941
1,572,298
$1,850,734
269,126
$1,233,680
296,465
'Operating profit—y
the
Houghton W. Clark and
1942
was
Other income
that it had acquired the
the General Aircraft Corp.
oy
,
against
.
$3,500,478
■ 1,649,744
profit—$2,937,3.97
1,703,718
Grpss
of
Jan.
1943
1944
operavocr
deemed to have any practical
presently purchase for invest¬
payment of the purchase price
now
may
obtain delivery
of the shares covered by the option, subject to said
shares being listed on the New York Stock Exchange and registered
under the Securities Exchange Act of 1934.
\
announced
Dec.; 23
on
iuimt.*,y
uj.vn.w-,,..
not
optionee
the
therefore
Delaware.,
Orr,
.Florsheim Shoe Co.—Earnings—
Years Ended Oct. 31—
corporation
and
and may
of,
10, 40 ; Treasurer; Lawrence W. Mattson, Sr., Vice President and General
625.'.V'-'Vw'.-- VV'VVv-.V;- '7;-::.-, Manager, and K. Ian Deane, Secretary, New directors are: Walter S.
10, 20 cents.—V. 160, p.
and July
'X--.;•Vv--'.,
follows:
conditions are
Mpst of the
ment,
(N. J.)—Expansion—
It also has acquired - the Delaware company's interest
in Tennessee Aircraft,
Inci/'of Nashville, Tenn.
The Dfelaware cor¬
poration will continue to mp nufneture cario gliders.:
The General Aircraft Corporation
of Delaware has announced the
of
Jan. 15 to holders of
the present capital tsoclc par $2.50, both payable
reeoid Dec. 30.
Extras paid in 1944 were as
cents;
The
Sk,,.i~rer
of 40 .cents per y
cents per s i are on
of 80
dividend
next
2757.
p.
effect
a
#.
semi-annual
usual
and The
160,
General Aircraft Corp.
21 declared an extra dividend
directors on Dec.
The
share
21
Feb.
remain the same.
to
shares
of
vote
will
shares; $18 per share for the next 3,000 shares; $19 per share for the
3,000 shares; and $20 per share for the last 3,000 shares.
no par shares), $3,100,000; common
$1,479,840; surplus, $16,055,017; total,
stock (62,000
(1,479,840 no-par shares);
$20,782,448.—V.
proposition tp
rearrange the capital structure of the company by changing the pres¬
ent capital amounting to $3,750,000 to $15,060,000 by increasing the *
par value of the shares of stock from $2.50 to $10 each, the number
stockholders
The
207
THE COMMERCIAL & FINANCIAL CHRONICLE
(W. T.)
Grant Co.—December Sales-
.
Period End. Dec. 31—
160,
.
1944—Month—1943
$26,471,122
Sales.
—v,
p:
2543.
1944—12 Mos.—1943
$23,518,805$174,188,167$163,888,288
.[.'
:
J
'
„
,
Great Northern Ry.—More Stock
Listed—
.
$6,200
and
and
Federal
tax
Income
$1,775
of
in
and
1943
municipal taxes and $470 Federal income taxes
Balance
.*
Sheet,
Dec.
31,
1944
$20,000 State
";"■■■!,
in* 1944.
!
*
dividends receivable, interest accrued, etc.,
sold, $13,643; U. S. Treasury securi¬
securities (at cost),. $16,995,798; total, $20,-.
! ' ' '
'
.
>!'■;'."
Assets—Cash, $1,234,216;
$38,790;
ties,
receivable
$2,500,000;
782.448.
.
for
other
y '
Liabilities—Dividend
for
securities
securities
.
on
purchased,
preferred
$11,591;
Stock
reserve
.
payable, $93,000; payable
for taxes, etc., $43,000; $6
shares
New
of
York
the
capital
stock
Stock'Exchange at
the • corporation were quoted 011
approximately $12.25 per share.
of
the
resolutions author-?
izing the issuance of the shares subject to the option upon payment
of the purchase prices/therein specified.
The option gave the optionee the non-assignable right to purchase,
at any time'or. times during the period of five years thereafter, all
or any part
or parts of a total of 15,000 shares'of the corporation's
authorized
and
unissued capital
stock • at the following prices: $16
per share for the first 3,000 shares; $17 per share for the next 3,000
On Dec.
1.1, 1944, the executive committee adopted
The
New
147,064
York
shares
of
Stock
Exchange
preferred
reported
stock
of
the
Jan,
6
that
company
an
had
additional
been1 listed,
bringing the total to 3,108,978 shares:
The increase reflects the con¬
version of bonds, called for redemption on Jan. 1,/into the preferred
shares.—V, 161. p. 110.
;
^
j
(II. L.)
Green Co., Inc.—December Sales—•
Period End. Dec. 31—
Stores
the
same
1944—Month—1943
$10,621,725
Sales
1944—11 Mos.1—1943
$9,527,097 $64,138,155
operation in December, 1944 totaled 149, as
month in 1943.—V. 160, pp. 2072 and 2646.
in
$62(138,499
against 151 ir&
THE COMMERCIAL & FINANCIAL CHRONICLE
Gross
from
from
Net
••\
.
1944
«
•..
;
•
$196,064
$161,490
33,933
24,110
34,911
4,802
2,587,744
:
600,196
.income-*-.
143,994
♦Deficit.—V. 160, p. 2543.
;;
railway—railway——-
971,796
563,869
v
1944'
mfg.
cane
operations.
$1,126,864
Other deducts; (net)*.-
34,053
196,065
*
Oper. revs,, electric—
Operation '.*!*!,.!*!_. _
1,372,145
129,052
and
$490,588
Cr47,692
$1,382,523
Cr94,31i
Deprec. of mills, etc.—
Amort, of cane plant'gs
118,592
25,278
$1,476,834
230,000
151,747
36,795
171.458
540,000
36,000
125,425
30,004
Prov. for income taxes.
100,000
.
$718,940
$250,502
$748,293
457,783
1,206,076
All
$294,070
207,282
Fed.
other
The
1,300,000
income,
250,000
..
f Also includes taxes
freight, commissions, etc.
*
Includes miscel¬
and selling, general and administrative expenses.
laneous credits of $170,985 in 1944 and $50,896 in 1943.
tProfit.
-
Sales
365,919
3,906,797
4,250,380
328,264
114,068
104,899
1,329,439
$391,776
939
.
—V.
$4,263,815
3,402
$4,120,686
19,488
net
Int.
,
$392,715
$4,140,174
mortgage bonds
debt discount
on
transfer
*
,
1944—Month—1943
1944—12 Mos—1943
$32,519,084 $29,986,4i4$216;456,482$206,040,377
—
1607 p.
2647.
(S. II.) Kress & Co.—December Sales—
;
6,164
$368,344
Period End. Dec. 31—
80,208
80,208
962,500
$4,269,979
962,500
126,300
126,299
income
155, p. 1014.
1,266,539
$364,942
...
*„*.!'*
Gross
Bank & Trust Co. has been appointed
capital stock.—V.
no-par
Period End. Dec. 31—
income
v.r-'':
♦After, deducting sea
the
(S. S.) Kresge Co.—December Sales—
operating revenue
Other
$1,206,076
$457,783
$207,282
+$511,658
Sterling National
agent for
1,500,146
Deficit
$105,•
Income
1,300,000
108,333
108,333
profits taxes
taxes..
Over
Growth in combined assets of the ten Keystone Funds
ha.s continued
at a rate in excess of
50% for the second consecutive
year, it was dis¬
closed by this corporation in making public the annual
report of the
ap¬
properties
for
excess
Net
Keystone Custodian Funds, Inc..—Funds
-
year
reserves
as a
accelerated
of
of
use
Prov.
&
year.......
the
deferred
result
36,752
Previous-deficit—-—_
.Profit :.for
;Vl \
'
and
mainten.
repairs
$538,280
res.
*_!*_*_**
propriation
for
553,841
renewals
depr.,
replace,
Prov.
$505,931
S
Common Stock Fund Series "S2."
The total now amounts to
more
than $105,000,000,
a
new
high record, which compares with
1944—12 Mos.—1943 ! !,V;
y $67.100.000 a year
ago and $42,000,000 in December,
$1,652,386 $20,063,692 $19,007,060
1942.—V. 160, p. 1527.
■■
V- r .'.-'Vi/
.:•
6,802,122
7,097,921
585,534
1,467,787
1,715,266
133,580
King Edward Hotel Corp.—Transfer Agent— ■
$1,636,155
■**__**.!!
Maintenance
Amort.,
$1,092,811
._
2199.
'1944—Month—1943
Period End. Nov. 30—
$1,862,732
+2,186,584
1944
title
to
of :
reports an increase in surplus during the year
to $636,290 after charge-down of $25,000 from its
company
J Houston Lighting & Power Co.—Earnings—
■'
$701,996
-
The
from $635,466
plants.
Its title insurance reserves increased during
$102,230, making total capital,
surplus and insurance
$1,134,961.—V, 160, p. 2757.
• :;v ■•,./* /■!!■ ! .v.; ,! ■
:p;;
$3,569,106
+1,748,111
profit
1941
1942
+2,689,339
on
252,753
and
shipping" expenses —;
Profit
.
1,837,861
549,037
284,094
'
1943
,
.
,
p.
Co.—Earnings-
Guantanamo Sugar
Years End. Sept. 30—
of
614,026
,
♦Gross sugar & molasses- •"!J.-v.':
!!
sales
__**$3,816,203**$2,450,107
Cost
Secretary to
ests in capital stock and surplus of subsidiary companies, $71,961; 1%
cumulative first preferred stock (par $100), $74,600; $5 cumulative
prior preferred stock (par $100),. $2,786,300.; $2. junior, prior preferred ;
stock (par $10), $278,630; common stock (20,248 shares, stated value
$10 per share)
and surplus,
$1;206',369; total, $5,611,923 —V. 159,
Home Title Guaranty Co,—Results for 1944—
: 2,094,722
2,614,516
from
ry oper,
elected a director
*4,444
-[■■■.
■
Net from
to fill the unexpired >
• deceased,. and
also .has beep .elected as
succeed Edward W* t>avid, resigned.—V. 161, p. 8.'
John: G;\ Magee. has been
term of Robert K. .Cassattt
-
81,384
Prom January L—
Gross
1941
.! :! 1942
1943
•
$238,646 >;
$194,292 .
21,254;
*3,565
railway*...!
railway*..*—
Netf ry. oper .income—
Net
(Charles E.) Hires Co.—New Director^—
Bay & Western RR.- -Earnings-
Green.
November—
■
Mortdayi January 15, 1945
■
.
Sales
—V.
1944—Month—1943
"V;r
I.'1
-V$.
•.
S
■
17,969,363
—.—......
1944—12 Mos.—1943
'J''''«^
..i ■;
.
-'''i ' ■,
"■* v
18,160,575 1 27,955,060 124,021,970
160, p. 2648.
Amort, of
'
Balance Sheet,
and
Sept. 80, 1944
hand
on
Other
payable and accruals, $185,332; provision
income for year ending Sept. 30, 1944, $230,000; reserve
on
taxes
of
Jan.
on
3
J*ftn F. Burke, who
of a proceeding for
Francis
obtained
an
llanchett
Manufacturing
of
1962.
Period End. Nov, 30—
be
received
to
used
vertible
5M»%, bonds,
common
stock;, out of
details
by
retire
the
Net
Net
rev.
16,738
revs.__
$10,882,485
—
taxes__
16,434
2,202 080
174,131
182,577
,
$1,006,856
$12,131,989
785,368
9,687,157
Net
Hanover Fire Insurance
This
in V.
offerings
of
and
p.
:
Mr.
and
Sammons
Vice-President
was
Hubbard
Mr.
will
Y.)—Tenders—
companies..
It was
elected
!,■'■
■■
-
director,—V.
a
be
to
;
;!v.!
S.
31
holders
to
per
share
of
record
made
was
Jan.
company
the
of
since 1902,
board
!,■!!'■''!'
.
10.
the
on
.
was
of
June
followed
by another
161, p. 110. <
company
on
Jan.
11
$1 Dividend—
29,—V,
Nov.
160,
initial
An
stock
common
''!"! !•• ;!v■
distribution
on
Huffine
W.
End." Nov.
Operating
July
of
31,
has
Vale
Manufacturing
Co.,
of Hercules; R.
subsidiary
of the
Bankers
of the
firm
Trust
of
Messrs.
Co.
it
is
been
elected
Vice
creating
a
Oxley,
New
manager
York;
Linklaters
&
of
the
$750,334
314,728
$801,285
Paines,
tfJX
trves
30,993
590,454
of
66,667
r 68,667
802,000
125
1,500
oper.
$196,166:
1,238
$2,259,182
protective coating*, and.-ether; industries,
cncinicali>.
13,182
$2,279,135
1,078,887
$2,306,401
960,335
$1,200,248
520,784
$1,346,066
(net) _***
2,401
income...!——
$176,810
$197,404
86,156
77,956
income
Divs, applic.
—
to
,
.
$90,654
.
.
$119,448
.
.
.
.
.
pfd." stocks for period-!**!—.
Prov.
Gross
cess
profit
other
on
than
1942
1943
-*
V $1,352,274
$1,700,559
Erith,
share,
regular
pavable
Dec.
Jan.
19
monthly distribution of
12, -last., is
also
Other
'!'
■*
payable
on
:
286,763
11,844
2543.
p.
year-end dividend
of
of
.
record. Jan/
1.6.-
A
cents
per share, declared on Oct.
TotaT payments for the fiscal"
amount to $2.50 per share, the same
Jan.
26.
year endihg Jan. 31, 1945, will
paid ih the previous; fiscal year.
asf
A"
.
year-end distribution of 70 cents
Jan, 28, 1944.—V. 160, p. 1736.
*
*
*
per
share
was
also
disbursed
Ended.
1942
1943
2941
21.218,404
16,401,337
17,501,736
60,782
$4,018,084
57,546
$2,323,764
32,265
452,910,574
24.640
$5,242,557
$4,075,630
$2,356,030
$3,035,214
13,692,708
+2,583,697
250,000
inc.
•:;.■!*!—!_.>,.m-
:
tax.
..*.***_*
989,-050.
+563,211
250,000
+1,061,265
150,000
$1,299,849
$1,241,934
$1,144,765
$1,482,954
543,395
543,395
543,395
563,521
241,509
241,509
241,509
241,509
$5.38
$5.14
$4.74
$6.14
_-!*..*
$5)_*!
Earnings per share*,.**
6,261
12,834
90,549
for
tificates
(at
discounts
94,259
106,105
224,747
$519,140;
,!
$463,418
199,757
50,572
30,079
$263,661
$386,819
$417,816
$447,895
,
Sheet,
Oct.
31,
1944
"
Assets—Cash,
$569,340; U. S. Govt, securities, $366,000; accounts
receivable, $778,101; merchandise inventory, $2,594,171; life insurance—'
cosh surrender value, $160,985; post-war refund of excess profits taxes,
$52,787; plant and equipment (less depreciatioh of $1,949,378), $1,044,530; sundry investments, $14,342;
prepaid insurance
and expense,.
$31,668; total, $5,611,923.
Liabilities—Accounts
■
•
cost)
31,
(less
1944
VV-;
U. S. Treasury cer¬
and accrued interest, $4,214,085; notes and accounts
reserves
for doubtful accounts $191,279 and cash
$2,003,313; inventories (less valuation reserve of
post-war refund *of Federal excess profits tax,
investments,; $137,636; property, plant and equipment (after
depreciation,^of $3,782,068), $3,519,258; charges deferred
to'future
.
profits tax, less* post-war refund.
Balance
.
$3,972,582;
for
reserve
29,952
187,003
taxes.
$33,629),
♦679,387
$437,391
income
Consolidated Balance Sheet, Oct.
Assets—Cash in banks and on hand, $4,925,973;
'
operations,;$54,098; total, $19,346,085.
Liabilities—Accoufits payable, $790,102; . accrued expenses And with¬
holding taxes payable? ($993,191; provision for Federal and State in¬
come
Consolidated
state
33,183
31,637
,
;!♦ After all discounts and allowances, +Includes $1,765,589 for excess
profits tax after post-war refund of $197,885, also $54,657 for State
income taxes,
tlncludes $13,405 excess profits tax in 1941, $327,166 in
1942, also $30,206 for State income tax in 1942.
Ulncludes $2,828,279
for excess profits tax after post-war refund of $314,253, also includes
$450,000),
f.-
>562,520
•
-_w_.!—*
(par
receivable
Net profit to surplus*.
Preferred dividends*
4.
excess
Years
V
$5,181,775
:
paid
standing
$91,963
.
charges*-!-!*,,
Surplus
70 cents
Subs.)—Earnings—
22,266,643
(net.)—
Fed.
for
1944—12 Mos.—1943
:
profit.!.—;
203,544
ex¬
—
miscellaneous
♦Includes,
a
stockholders
15
160,
*
general
income
■
& Co.—Year-End Dividend
declared
26.to
England."—V.
goods,
Dividends
$1,059,678
237,518
sales.*—***
income and
profits.—:
Interestcharges.* ***^-.***!*!!!!-«:'
!
vacancy
$2,605,840 $35,117,261 $29,683,910
Account,
1944
Net income
520,784
.
1944
Years Ended Oct. 31-
Taxes
the
$27,448,418 $25,236,489 $18,725,101 $20,412,310
....
Contingent reserve
'Net-'Sales_-w_!*.*_!4._-*_*.**_;*,!*!s:-^. $11,419,918 $12,217,211 $10,492,600
10,067,645
10,516,652
9,432.922
Cost of sales and oper. exp.*.!!*.
.
fill
Shar.es capital stk. out¬
a
and-(■ paper
■.
of
Total
(Geo. E.) Keith Co. (<%, Subs.)—Earnings
branch
social
-^217,'-- V;;r'
1944—Month—1943
expenses, etc.
'■'AH
member
Cornelius
to
director
a
Klfrie.—V. 159,
Consolidated Income
..
Operating
—V. 160, p. 2647.
'
and State
2648.
Federal excise taxes
Gross
Net
v
at
Hibbard, Spencer, Bartlett
on
elected
$2,293,219
19,953
$174,409
revs.
income
Federal
$32,173;
t
been
has
$3,111,245
p.
♦Net sales
on
"Manufacturing. operations of, the Hercules Paper Makers Chemical '
The directors
Cahn
Other income
Net
Other
...
continued
property, plaht and equipment
in 1942; $20,578 in 1943. and
on
$20,576
Sheet, Oct. 28, 1944
v..-'-
$808,700
be
1941;
Lee Rubber & Tire Corp. (&
1,500
$1,398,041
will
in
1944.
D.
160,
:
817,833
125
*—...
—
$1,148,124
the
$1.41
fAfter miscellane¬
profits tax.
$20,245
limited-term
Net profit-'..——-*——:—*
oo-s!?11 n* °"ice will administer the company's English^ btiqinP5?!{T* Provision for depreciationl.*..*****
i +^US Qm "IkSTTand ,IocaI distributors with data " and> technical.."Income and excess profits taxes!—!
,,use of ^er,<ru\e.£i .products,,. These include cellulpse deriva- '• Aprrop. to reserve for con ting... !*
for lacquers and plastics, terpene and rosin
chemicals,^synthetio^ ()'U •.
for
$3.30
State and local taxes accrued,
Cost
Sundry income-**!..***-!—!***—
makers
Oft
$8,663,712
3,290,681
1,652,283
!
608,196
45,423
Department
per
1944—12 Mos.—1943
$9,574,142
3,647,194.
36,453
>
Cr31,172
■resins
$3.21
67,747
of
34,614
,,J
67,873
$2.84
Period End. Dec. 31—^
1944—Month—1943
30—
—__—
appropriation
'
London
Cole,
solicitors, and
charge
Cr30,702
,
72,000
Lane Bryant, Inc.—December Sales—
Cr52,463
,
72,000
security and unemployment benefits taxes, $24,222; employees' Federal
withholding taxes accrued, $38,348; provision for Federal taxes on
income; $203,000; common stock (par $5), $360,000; paid-in surplus,
$1,142,246; earned surplus, $900,513; treasury common stock (7,084
shares at cost), Dr$72,982; total, $3,558,791.
•
—V.
2,273,812
30
B. Rutteman.
!
The corporation's announcement further went on to
say:
"Hercules has been selling chemicals in Great Britain
for 25 years,
and throughout .the
period its technical representatives have been
assistant distributors- and customers in the utilization
of these chemicais.
Mr. Rutteman has been the
company's resident representative
in London since 1939,;; •
"...:
T
$95,700
$209,833
v"'.v 65,447
$216,827
64,926
72.000
Sales
139,655
investments
subsidiary,
Kenneth D.
in
244,049
last,
share
President
279,582
Amort,
director.
Cooke, manager of Holden
Lancashire,
a
partly-owned
H.
"
$184,328
New Director—
Prop, retirement reserve
Thomas H.
Haslingden,
H.
of
year..
(par $5)
share
created by the death of Sol
1864.
p.
revenues
Other taxes
payment of 30 cents per
'.r:v
announced
are
3,846
§33,334
excess
to
Morton
119.
p.
Federal taxes
managing
unit
f
22 paid a dividend of $1 per share to common
19, 1944.
A similar distribution was made
Operating expenses.—
Co.. Ltd., for the distribution of technical informa¬
tion on
its chemical products in Great Britain and Eire.
Offices
will be maintained at 140 Park Lane.
London, England, and will be#
under the direction of Cornelius H. B. Rutteman,
new
1944—11 Mos.—1943
Kansas Gas & Electric Co .—Earnings—
Powder
Directors of the
.
In 1943, the company paid 75 cents on June 29 and
29, last'.
on
Period
both
Hercules Powder Co., Inc.—Creates Foreign Unit—
The
Hercules
6.485
11255,621
Balance
$5,366,183 $40,149,120 $38,948,115
$5,844,128
Interest and charges—
which
Oct. 31.—v.
per
$21,125 in
2544.
p.
Kenneth
The directors have declared a dividend of 30 cents per share on
th# common stock,
par
$15, and the usual quarterly, dividend of
$1.06y4 per share on the 4 %■ % preferred stock, par $100, both payable
cents
160,
engineering.—V. 160,
(The) Ilecht Co.—-To Pay 30rCent Common Dividend
Jart
244
**256,328
Note—Provision for depreciation
Johns-Manville Corp.—New Vice-President—
McKeel, Vice-President, has been
1133.
p.
1944—Month—1943
*
—
The company on Dec.
on
'■'.i-
that Ben
158,
873,397
2,417
deducting ail discounts and costs of sales.
amounted
stockholders of record Dec.
:V
member
a
>;
also announced
914.871
Co.+f^New President, etc.—
director.
a
stk
$143,000 for
and
Investors Telephone Co.—Pays
$1.25
associated with the
and
continue
+849,561
income of $8,713 in 1944 and $5,612 in 1943.
JIncludes excess
profits tax of $86,500 (after post-war credit of $9.5001.
Including
$826 for prior year, and $2,000 for declared value excess profits tax.
tIncludes $1,621 for prior years and $155,000 for excess profits taxes.
**After adjustment applicable to prior years of $3,672; also includes
076;
—V.
its
been
has
$1,006,277
+1,029,171
+193,500
they are offered for sale.—V. 160, p. 2185.
Period End. Dec. 31—
Sales
affiliate,'Ane Fulton Fire Insurance Co.,
announce that F. Elmer Sammons Ms, -been elected President of both
companies, succeeding Fred A. Hupbard, who has retired at his own
request.
**!;;;;*;./■
company
Nov. 1, '41
$1,393,803
Assets—Cash, $173,863; U. S. Treasury tax notes, at cost and accrued
interest, $353,709; receivables (after reserves of $79,313), $709,664;
inventories, $1,822,096; expenditures pertaining to spring 1945 business,
rector$33,221; supplies, prepaid insurance, commissions, etc., $94,782; sundry
Hugh Knowlton, a former partner and present associate of the
investment, $1,800; post-war refund of excess profits tax, $12,682;
banking firm of Kuhn, Loeb & Co., has beer, elected a director.
property, plant and equipment (less reserves for depreciation of $553,Mr. Knowiton is also director of research and planning of Eastern£•,. •
983), $356,971; trade marks and good-will, $1; total, $3,558,791.
Airlines. Inc., and a member of the board of directors of that company.
Liabilities—Notes
payable,
$500,000; accounts payable, $187,017;
—V. 161. p. 110.
employees' deposits on U. S. War Savings Bonds, $19,923; accrued
salaries, wages- and commissions, $141,255; accr. advertising exp., $83,Interstate Department Stores, Inc.—December Sales—*
bonds,
2543.
Oct. 31,'42
$1,315,966
ous
16 Wall St., New York, N. Y„ will
agent,
as
refunding
Oct. 31,'43
International Telephone & Telegraph Corp.—New Di~
Offered—Offer¬
160,
with 3,007 stores
of 3'c.—V. 160,
-decrease
taxes..
profit for
paid'
cap.
Earnings
10,416,055
lowest prices at which
-nil
t
coriiparetf
a
Oct. 28.'44
expense
income
Shrs.
improvement bonds, due Nqv. 1,
1962, up to Jan. 25.
The bonds will be purchased for cancellation, in
an amount to be determined at a directors meeting on Jan. 27, at the
in bank
issue were;givere
regarding, the
period,'
exps,,
Dividends
$13,058,494
944,835
International Ry. Co .(Buffalo, N.
gen,
Federal
p, 2543.
The Bankers Trust Co.,
A, and>l$7,200 shares of $1 par value
total authorized -issue of 300,000 shares, Further
2,903
was
$1,409,415
and
,
profit
Interest
$1,133,141
income
oper.
160,
receive
series
a
Kroger stores in operation during the four
1944,
etc., less miscell. inc.
$10,247,452 $117,975,327 $109,461,614
8,224,034
82,405,314
76,607,591
1,016,562
23,438,024
19,795,529
7,547,264
exps.
income
—V.
company
$225,000
30,
corresponding
(B.) Kuppenheimer & Co., Inc.—Earnings—
'
be
to
will
Dec.
1943
1944—52 Wks.—1943
33,227,729 447,286,830 422,427,610
2758.
♦After
from the sale of these
loans outstanding, and
the balance will be added to working capital.
Upon completion of the present financing, the outstanding capital¬
ization of the company will consist Of. $450,000 first mortgage con¬
bonds
the
Years Ended—
$10,263,886 $118,157,904 $109,635,745
$10,899,223
oper.
Operating
Operating
priced at 99% to 102 %, according to maturity.
Proceeds
ended
♦Gross
1944—11 Mos.—1943
1944—Month—1943
—
revs.
;> Operating
.
A, was made publicly Jan. 9 by P. W. Brooks &
Co., Inc.
The bonds mature serially from 1945 to 1964
are
5s
Operating
series
and
company
number of
average
during
p.
1944—4 Wks.—1943
37,874,482
......
Thie
Illinois Bell Telephone Co.—Earnings-
84, p. 158.
Co.—Bonds
2403.
p.
Uncollec.
ing of $450,000 first mortgage convertible 5% %
Sales
315,078
Admin,
10 shares of sto^k for each $1,000 bond.
operates about 63 miles of franchised bus routes
in and between Buffalo and Hamburg, N. Y.—V.
stocks—..—
recently reported to the New York Stock Exchange
principal amount of its lirst mortgage sinking
series A, for sinking fund purposes.
The amount
outstanding on Nov. 30 was $21,492,000, as compared with $23,256,060
preciously outstanding.—V. 160, p. 1863.
-
poration in the ratio of
now
$3,114,702
purchases of $1,764,000
removal of
pending before Supreme Court Justice Alonzo G. Hinkley, was brought
N. Y., owner of $10,000 of bonds.
The reorganization plan provides for the organization of a new cor¬
poration to acquire from the bondholders' committee the assets of the
receivership purchased at a foreclosure sale.
The new corporation
would be capitalized as 8,000 shares of $10 par. non-cumulative 5%
preferred stock and 10,000 shares of no-par-value common stock.
Of
the $750,000 of bonds outstanding, $732,000 face value is deposited
under the bondholders' protective agreement.
The committee proposes
to exchange the deposited bonds for common stock in the new cor¬
receiver
160,
The
by Thomas Fitzgerald of Fredonia,
The
Kroger Grocery & Bakery Co.—December Sales—
66,478
$2,939,714
380,939
weeks
Maloney, attorney for the receiver,
adjournment to Feb. 15 at 2 o'clock
Mr. Burke as receiver.
This action,
J;
$298,280
111,660
,
Hudson Coal Co.—Reduces Funded Debt—
..
with State Commission—
by
$274,182
applicable to pfd.
fund
A plan for reorganization of this company's properties, in receiver¬
ship since 1920, has been approved by the bondholders and is being
sent to the New York
P. S. Commission for final approval, it was
stated
_**__*___
—V.
Hamburg (Elec.) Ry. of Erie County, N. Y.—Files Plan
of Reorganization
3,702
Divs.
cumulative pre¬
(404,948 shares,
$4,050,000; deficit, $511,658; total, $6,932,475.—V, 160. p. 2757;
par),
10,525
3,429
■
Period End. Dec. 30—
prior years and contingencies, $226,784; 8%
stock (par $100), $1,728,700; common stock
ferred
no
10,525
*
and
Net income
for
for
Liabilities- -Accounts
taxes
int.
advances
(less
deduct.
expense
.
received on account from
Commodity Credit Corporation on sugar contracted for of $638,821),
$90,527; estimated amount receivable for molasses delivered to or on y
hand for account of buyer, $50,148; accounts receivable, less .reserve,
$142,753; Cuban Sugar Stabilization Institute, $46,000; United .states ■;
Treasury bills, $999,552; cash in banks and on hand, $697,049; miscel¬
laneous
assets,
$851,016;
deferred charges, $19,284;
investment in •
Guantanamo RR.; $452,770; fixed assets (less reserve for depreciation
of $1,379,092). $3,583,375; total, $6,932,475.
Assets—Sugar
payable and accrued items, $837,122; reserve
for taxes* $107,041; .reserve for contingencies, $250,000; minority inter-
taxes
and
Federal
excess
profits
tax, v $4,006,961;
workmen's
compensation insurance, ^144,683; miscellaneous reserves for -claims,
etc.,
$121,995; reserve, fob; contingencies,
$1,250,000; capital stock
(par $5), $1,500,000; capital surplus, $5,364,384; surplus, $5,995,206;
reacquired capital stock (58,491 shares, ;at cost) Dr$820,437; total,
$19,346,085.—V. 159, p. 1556.
:
;
.
,
Lehigh Navigation Coal Co., Inc.—Production—
The
company
increase
of
announced
14%
h"
in* 1944 produced 4,664,602 tons of anthracite, an
over the
4,092,675 tons produced in" 1943, it was
Vice President and General Manager.—•
Evan' Evans,
V." 159, p, 2417*
•.
Cu.j
THE COMMERCIAL & FINANCIAL CHRONICLE,
Number 4351
Volume 161
McLellan Stores Co.—December Sales—
Lehigh Valley Coal Co.—Merger Approved—
stockholders on
The
Jan.
8 voted
approval of
with Northern Field Coal Co.,
pany
stock,-of
the Lehigh Valley Coal Co. are
Corp.,
Delaware corporation.
a
Principal
Sales,-a—
bear the
to
-r-V,
Valley Coal Co.
All the outstanding stock of
99.6554>■: of the certificates of interest in the capital
and
Northern
the merged company
effect
of
with
indebtedness
the
owned
refinance ■ a present demand
long-term note and to elimi¬
preferred stock and a
JTMs%
the first step in
Minneapolis Northfield & Southern, Ry.-—Note Issue-—
1944—11 Mos;—1943
The
the
on
of
the
011
a
company has been authorized by the ICC to issue $300,000. of
irtstalment notes dated March-1, 1945, to help finance redemption
of series A 5%, iirst mortgage gold bonds due on Sept. 1,
1956.
The bonds will be redeemed at 101'7o
of par.—V. 155, p. 1015.
Forbes
&
Co.—60-Cent
J;
■
37*
of
"
,
,
Dec.
Common
record
Minneapolis-Moline
21
Dec.- 30,
Distributions
of
35
each
cenls
a
Repdrt—''
'Federal
recently
Defense
profits
Madison Square Garden Corp.—Earnings—»
Lerner
1944—Month—-1943
Period End. Dec. 31—
$81,545,944
$280,023
—_
$291,793
.
Federal
income
and
$136,444
$1.22
and
$138,558
$0.60
160,
1738,
p.
Maguire Industries, Inc.—Further Expansion—
amount
profits
being-
taxes
proceeds
gross
charged
.
taxes.—V.
excess
the
and
to'
the
of
W.
■
D.
Kyle,
"in
said
share
one
President,
value
in
a
letter
of
4
voted
stock
a
stockholders
to
substance:
directors
The
dividend
1944,
Jan.
dated
the
on
V
corporation has acquired for an undisclosed sum in cash certain
977* of the capital stock of Columbia Machine Works,
Inc.,
currently producing electronic devices lor -the Navy, it was announced
2,
for
scrip
tional
settlement
receive
full share., This requires
certificates directly to the bank.
the
per
of stock acquired under the
arrangement land not used per the following paragraph may
be
purchased by the company's Profit Sharing Trust or offered to
.the officers of the company on the basis of $15 per share.
It
-is.
that; the;: shares
contemplated
Cost
Co.
of
Commission's
transaction
was
Light
'
Heat
Pittsburgh—Ac¬
:
of
four
160,
The
in
fiscal; yeaT
the
were
;
Sales
above
*
improvement
.predecessor;
a
were
past
over
$29,856,031,
1943.
art
the
Greensboro
Long: Island Lighting Co.—.Chairman Resigns—
The
company
directors
24%
on
;
Long Island Lighting Co,
action culminates
The
the
1910.
the
is
He
retire? from
35 years
of continuous service by Mr. Phillips
since its incorporation in New York State Dec. 31,
last member of the original board of directors to
company
Years End. Oct. 31—
participation in the affairs oi the .company.
Net sales
New--York
The
S.
P.
Income
Commission has
determined
original
the
of
Net
relative
to
claimed
a
$8,396,627. ::
A.
Is
In
only
(old.
more
$4,471,77-1-
or
*11%
over
plan has
of
been post¬
Emerich &
Ames;
and
Arnhold
roeder, Inc.
Atwill
Parker &
Bass
Bernheimer. Co.-,
Baum,
Smart
&
Starkweather
Stern
Biddle, Whalen & Co
Co
Biorcn/ &
Blair
Wm.
Bosworth,
—
&
Co.—
Brooke,
Stokes
Brooke,
H.
Stix
Inc.
—
_.
Caldwell,
E.
Temple
&
Tyson
100,000
H. C. Wainwright & Co.
100,000
Washburn
100,000
Watkins,
250,000
Weeden
C.
250,000
Weil
& Torrey-——i
Collings & Co., Inc.
Cooley & Co.—*
C.
Cruttenden,& Co—
Dallas Union Trust
R.
Day & Co
Dempsey & Co.
——
in¬
clement A. Evans
.
Inc.
&
——
Field,
The
Corp.
First
Co.__
Morrow &
——
*
—*
& Company—
Wertheim & Co.
Weil
——
150,000.
Wcstheimer
c
600,000
4
Inc.
i
Co.—
'
i
400,000
The
Wocdard-Elwood
Woolfolk,
200,000
&
Co._
Wyatt, Neal & Waggoner
200,000
F. S. Yantis & Co., Inc.-
150,000
Wurts, Dulles & Co.—
1944—Month—1943
$11,017,542
v
and
and
1944-as
for
Other
*
68,443
4,630,114
500,000
bonds,,
war
62,684
2,694|540
.
indebtedness—.,
receivable
720,438
2,497,606
2.765,465
9,980,345
(net)
138,799
the
253,724
206,008
4.110
par
preferred stock__.A_-_,___i,7^ $11,000 000 $11,000,000
($1
payable
par),,,,.
ancl
foreign
current
for
700,000
accrued
income
casualty
700,000
4,335,668
42,281,410
expenses,,
taxes
liabilities
$2,634,319
1
424,414
708,268
1,150,000
4
surplus
Earned
surplus,
now
?
-•
-
notes
savings
9,890
,
sso'qpr
2,550,926
3,880,617
$26,465,376 $25,340,167
depreciation
amortization
128,534
13,666
4,391,872
J—--r—
.
2,861,468
'355,032
128^534
liability___,_
reserve ~
Capital
200,000
and
125,753
?
443,744
219,981
Reserve for contingencies and
post-war losses,,
"Menasha
name
607,826
^
and
Reserve
'
1944
for
surrender
value
($7,000,000)
cash
Canadian
of
100,000
$4,770,708
no
in
1944
and' $4,612,616 in 1943/
i'After 'U. S. Treasury tax
shares.
par
of
$2,025,150 in 1944 and $3,760,000 in 1943.
$790,197-in 1944 and $441,463 in 1943.—V.
160,
of
5 Minnesota Power & Light- Co.—Earnings—f
of
issued
(less
intangibles,
Period End. Nov. 30-
SAfter
569.
p.
taxes
U.
notes
payable,
annual
168,507
189,894
151,878
165,669
2,261,859
1,715,631
78,525
886,405
949,249
62,500
750,000
750,000
574
6,926
6.88G
$286,120
$315,446
$3,275,581
$3,578,659
7 '
58,420
'
62,500
investments
Net oper. revs._^_„_»
Other; income—J.-
Treasury
$4,875,000), $638,017;
$19,000;- 3%% sinking
•
Interest
it'
\} 1.152
Gross income___
,
sinking fund payments-
$5,000,0G0; paid-in surplus,- $598,956;
total,' $29,780,724.—V. 161, p. 10.
has
been
elected
President.
Eugene
/.
:
$287,272
chaygesj.
Chairman
Beeh'cr
Dividends
$2,118,847
oper.
expS-,^_»_—
1,676,724
248,108
Rents
133,645 i;
applic.
to
pfd. stocks
12,202
9,628
$3,588;287
134,808>
for
$181,480
1,613,149
1,546,978
$1,674,634
$2,041,309
period
7'"7:7V:7''':
'
has
,of
the
retired
board
and
First
Vice
as
Hearing of objections
organizatiom for
income—^
$194,017
(pet)
20,890
•
$5,461,826
-
10,6Q7
-
$5,236,401
135,543
•
112,999
112,134
-
117,867
$224,089
charges
18,159
1,351
interest-
'•■Deficit.—V. 161,
$673,262
232
.
p.
105,678
518,841
$5,710,368182,660
now
to
the
is
denied
4,243,545
.
111.
$116,328
$136,262
$962,130
*$597,101
The
motion
by
on
Objection to
ICC
has
aoproved the
plan and
protesting committee for
the proceedings dismissed on
a
seeking to have
that'during the 12" year's of
financial
conditions
fully capable of" taking
court
had
care
7
indicated
of
claim filed
•
reorganization
pre¬
the
proceedings
the
improved- to the extent that it
of its obligations without recourse
•
,
it would hear
$18,000,000.—V. 161.
arguments during this proceeding
by the trustee for the Missouri Pacific
p.
112.
.*
Missouri Telephone Co.-—Partial RedemptionThere .have
and
,
Hearings
against New Orleans Texas & Mexico Ry., a subsidiary, for recovery of
advances allegedly made by the
parent company from 1922 to 1933
amounting to $10,500,000, which, plus accrued interest, now totaled in
245,048
5,818,455
a
reorganization,
The
$5,466,402
317,033
"
987,313
claims for treatment under the plan of re-railroad has
been
opened at. St.; Louis before
stockholders
company's
2,575,622--,1.592.607
197
9,182.
income-,
income_„—1-—_
Moore
grounds
1944—11 Mos.—1943
$662,458
985,952
■
by the court.
Judge
ferred
$2,407,630 $27,817,328 $24,045,988
1,595,495
19,779;880* 17,216,980
149,677
-t
■
or
Federal Judge George H. Moore.
the matter now awaits action
in connection with'a
income__-._T_____.'
Contingent
1,789,434
$3,287,783
•
Plan—
:
1944—Month—1943
revs—______
Other
842
$316,288
Net? income_„$153,627
,
—V. 160,'p. 2649^
earned
(Excluding Wisconsin Central Ry.)
Rwy
-
2,401,264
,
-
S.
par),
157, p. 642.
•
RVvy. oper.
$9,475,492
reserve
appropriation
$530,882;
total,
wS.Vv
(less
;
1944—12 Mos.—1943
$8,896,402
Amort.vol' limitea-term
accrded liabilities, $316,015;
income
■
$812,608
578
Prop, retirement
for
-
$723,003
Federal fcaxes__„_:Z_A_
Otheq taxes
and
including
reserves
1944—Month—1943
Operating revenues__„„
.Operating expenses
domestic
and
equipment—at.v cost,
securities
oper
Fixed
against
of
value, of life insurance policy,,
of Federal excess
profits tax
tRepresented-by
$8,370,396;
Wisconsin
Period End. Nov. 30—
$9,784,130 $71,324,471 $67,351,104
company operated 203 stores in December,
in December, 1943.—V.
160, p. 2758.
1,445,197
13,048,527
stock
Federal
Minneapolis, St. Paul & Satilt Ste Marie RR.—Earns.—
Net
The
201
plant
Misc.: deducts, from inc.
1944—12 Mos.—1943
Canada
accounts
no
excess
__
$4,753,183
1,063,200
$26,465,376 $25,340,167
Accounts
31,- 1946, :$10,000,00OT
($12.50
O'Brien
Total
—
$5,575,856
refund
.
Period End. Dec. 31—
hand.—
on
certificates
1943
^
.
and
$1,113,114;
Rwy
150,000
McCrory Stores Corp.—December Sales—
Sales
from
at
Liabilities—
for
100,000
750,000
Co.
-
$230,048;'cash
Rwy.-tax accruals—"—-.
1,950,000
&
changed
.
account
less
Hirschland
*.
100,000
Forgan & Co...—.
111.
:
200,000
Glore,
p.
H.
Frank
Huggins &
Shobe
income
1944.
,
81,
earmarked
of. long-term
$6,518,973;
•President.—'V.
100,000
100,000
Parsons
$9,000,000
from renegotia¬
^
Missouri Pacific RR.- -Court
150,000
100,000
above *-consolidated
charges'
Common
Metal & Thermit Corp.—-Changes in Personnel—
F.
100,000
500,000
and
t$6.50
mort¬
capital
5%
stock
surplus,
1,950.000
■——
in--the
Total
long-term notes payable,
due
current
maturities,-. $136,000; • minority' interest
stock and surplus of Menasha Printing Ink Co.,
cumulative preferred stock: ($100
par), $5,000,000; com¬
1952,
in
$60,560;
'
Marshall—
161,
Federal
May
to
mon
150,000
&
—V.
etc.,
and—rights,
securities
$9,000,000;
maturities
(4S%*)
100.000
Wood & Co.—
—
and
Cash surrender
tax series, and certificates of indebtedness;
White-Phillips Co.,
Inc.
of
*After
Liabilities—Accounts payable, $1,193,203;
1944
300,000
Foster
Graham,
-V
White, Hattier & Sanford ■200,000
200,000
$2.05
used_:_ J-,_^_-_;_____j^_^
not
bank
Treasury
Investments
Wheelock & Cummins,
and
$1.34
::1944'*
Post-war
refinancing
received'$10,899,594.
■:
provision for
200,000
Co.
Co.,. Inc
included
Deferred
■
&
$1.41
net; refund which may result
war "contracts.
reflecting-rates of exchange at Oct. 31,
Miscellaneous-
name
fpnd debentures; due June 1, 1959 with
150,000
Arnold
Harold E.
Michigan Corp.
Nolan, Inc
timberlands
current
200,000
.
Co
500,000
Cleveland
_—1
of
Folger,
,
Co.,
—
Richards &
First
—
Co.J.
L.
•400,000
200,000
•
&
operations,
Government
beginning
150,000
200,000
Cohu
S.
notes-,
250,000
•
Co.^
&
,
•..
400,000
—
Co.—
Co.__
Carroll
B.
C.
first
to "Marathon- Corp."
new
641,550
stock
on
property
Notes
its
of
$29,780,724.
150,000
Co., Inc.-
F.r Cassell & Co.—
City Securities Corp.—
John
changed
$2,077,065
1,283,100
Consolidated Balance Sheet, Oct. 81
S..
discontinued.
acquired in 1927
depreciation of $7,272,586),
Dabney &
.
in
policies of a^face amount of $610,000, $126,006;
.bal¬
premium deposits with mutual insurance companies,
unexpiredinsurance, etc., $207,257; investments and. other
receivables, $605,146; ■
Tucker, Anthony & Co._ 1,000,000
Wachob-Bender Corp.—
200,000
150,000
was
been
150,000
Co..
are:
Domiuion
current? position;
made under the
$1,581,536
801,933
Inventories
required
reserved
$1,632,406
52,990
Results
—
Cash .in
U.
construction,
construction and have expended $1,775:769
1944,
the balance of $123,825 being
our,
$1,682,176
Corp.— j
Thomas .&
Townsend,
1,000,000
C04-
Phillips
H.
W.
specifically
SI,313.193
801,938
...
$1.08'
profits
plant
Company retired the
money
of
name
has
construction,
600,000
Thomas
v
during
250,000
American
new
226,994
700,-,;
com.
Assets—
insurance
ance
100,000
Co.,
&
life
-
timber,
Swiss
T.
Co."
loo.ooo i
Leach—
& Co.—i—
200,000
-——
Cahn
&
above
the corporation was
to 400,000 shares ($12.50 par)
corporate
U.
Walter Stokes & Co._
1,000,000
—
The
300,000
—
-
150,000
Tindall & Co.—
B.
■
stock
($25 par)
300,000
100,000
Co.—
&
200,000'
-
Co.—
250,000
Co.—
Co., Inc..:
Byllcsby &
M.
Frank
&
Monroe
Burr &
InC.
Chanute,
Loughridge & Co.—2
Braun,
Agee
States
mill
purchases,• logging
100,000
Co—
&
program
70,767
300,000
^Property; plant and equipment-^
^Emergency facilities
—j
—.
.
.
v ,25,883
,
;
Stiiel, Nicolaus & Co.,
500,000
—
&
Brothers
Sterne,
,100,000
100,000
Co-
Wagner—4
1,950,000
1,500.000
&
500,000
—
&
the
Balance -Sheet,'Oct.
100,000
Co,„
Simon
.
the
for
.103,898
;
(net
par)
of
assets)
Assets—Cash, $2,396,280; U, S. and Canadian Government obliga¬
tions, at cost, $238,713;. receivables (less reserves of $91,238), $2,060,983;
inventories, $4,701,899; advances and expenses on pulpwood
1,000,000
Co—
I.
Co._'—
Stearns
&
Hill
A. G.Becker <fe Co., Inc.-
Bear,
shares
;
250,000
Heller, Bruce & Co._
&
Canadian
common
loss
and
•
500,000
Inc
Ballin & Lee-
Stone
expansion
Company-has
temporarily reflected in
200,000
M.
the
on
Products
100,000
Co
amount
all sales are being
200,000
Co.—
&
Hayden,
the
leaving the total of
Co- 1,500,000
&
and
*
,
financing
necessary
$15,012,500 received from
100,000
350,000
500,000.
100,000
.
Leary. &
M.
Hannahs,
plant
500,000
Inc.
Ira Haupt & Co.——
Whipple & Co.—
Barrow,
Hallgarten
100T00
Redpath
Bacon,
Gregory & Son,
250.000
Co—
&
Auchinclbss,
Jack
150.000
——.—
Co.-—-
&
Aub
E.'
A.
Cook,
the
315,000
Cr70,000
in
value_-^_-
conting.
shrs.
Note
plants,
Canadian and United
$500,000
——u.—,
&
1 '.
transportation,
provide
Canadian
The
Ellis & Anderson
Greenman
to
.
of- operations of foreign
subsidiaries
(net profit
$37,561, whereof Canada, $38,681, and Argentina
loss, $1,104, after
providing Sl03,898~for decline in conversion value
of„their net current
Assurance
Of' this
Marache &
Lord
Green,
200,000
Co...„
Bleich-.
S*
water
expense of $77,015,
■
Granbery,
C?'585,847
decline
tProvision for possible
$5.06
-
preferred stock amounting to $1,198,701, the- 3%%
gage and collateral trust bonds of
$2,837,190, and incurred
mortgage 3%%
The issue was immediately
Halsey, Stuart & Co., Inc.$2,560,000
Allison-Williams Co..—100,000
of
order
the
purchase from the company are as follows:
to
profits tax-_,__ : Cj-365,212
for
1.no.
machine;
Out of the
105.88
at
$5.60
:
old 6%
and interest and quickly oversub¬
scribed. The names of the several firms or corporations,
and the amount which each agreed, several (not jointly)
reoffered
5,830,541
for
000
Company also sold to a4 syndicate headed by Lee Higginson
Corp.
50,000 shares of 5% preferred^-stock ($100 par) at a price of $100.25.
ates; of $53,835,000 first and refunding
104.66.
3,595,360
excess
,
$6.08
811,079
•r,- ;' •
682,715
on
company made an arrangement with The
Equitable
Society of the United States for the sale to them of
$10,000,000 3%% sinking fund debentures due Jun'e 1, 1959;
Jan. 4 to Halsey, Stuart & Co., Inc., and associ¬
bonds, series F, at
,574,250
»
$7.50
.255,000-
'
t:
$1,204,515
com.
786,259
1,587,000
-.
paid
1941
$1,193,047
61,068
ancl
Earns, per shr.
when
domestic
Life
Louisville & Nashville RE. — Bond Issue Oversub¬
scribed—Mention was made in our issue of Jan. 8 of the
on
$1,286,137
412,148 '
51,822
47,628
Preferred divs.
1942
67,027
571,387
13,476
155,000
Net profit for year^t-
aggregating
year.
tion
.
710,447 "
net
Federal
post-war
Statement
1943;
8,694
:
of
possible
conversion
"
ample room for the installation of a second "
required;
additional
manufacturing
and
warehouse
and harbor facilities for .the haidling. of coal and
pulp through
use
In
•
poned until Jan, 15.—V, 161, p. 110.
award
previous
'7,002
5,190
28,922
..„J
excess
stockholders
$1,603,016
basis)
paper
space;
•the
hearing to hear argument on the
of the Securities and Exchange Commission to restrain the
consummating its recapitalization
of
$3,796,378
803,630
U. JL .Govt/
for
Prov.'
April,
machine,
United States Circuit Court
application
company from
,
$4,814,458
Post-war credit for Fed.
.
"
Court Hearing Jan. 15—
The
r-._
218,954
$8,919,252
profits taxes
years
1944, company obtained-by an agreement with th? Hdskin
Paper Co., its entire plant and harbor facilities located ;at Menominee;:
Micb.HThrough this acquisition company secured the Output of one
Arkwright
:r:
,
share
Stock
.
George
taxes'—
$3,577,423
303,637
__T
refund
.
$29,856,031 $25,381,260 $21,852,832 $18,080,990
5,978,644
'5,008,058
3.971,164
2,012,037
4,375,628
3,721,921
2,778,117
807,522
profit, after tax.
Net per
based upon recommendations of
who conducted an investigation
the company's books, accounts and records.
The company
book cost of the utility plant at the end of 1943 of
Commission's determination
taxes
$4,510,821
282,757
charges-_
Prov. for Federal
excess-profits-taxes
Income
to
amounts
property used in the public service by the company at .$4,256,323 as of Dec. 31, 1943; The company serves numerous communities ;/
in Nassau County, N. Yt
The
and
1944
„
—
before
cost
the
Commissioner
—
Net profit,
Plant Valuation—
of
income
of
$8,636,495
.330,459
and
foreign tax
with $3,721,921 .for-the
Summary
19,932,960
$5,883,774
oper
paid
Prov,. for
.
years'-operations.
increase
to common
,
25,334,899
contracts
tprov,
:
were-equivalent, to $3.75
per share on the present stock outstanding,
or
$7.50 per -share on
the basis of the
old
sto.c.k of $25 par value, which compares with
$6.08 per share for the fiscal-year 1943."
1
with
compared
1941
32,214,512
earnings..
1 renegotiation
on
war
,
Frov.
provisions-for
as
31
1942
"
•
yjj. Profits available
meetings of the respective boards of the subsidiary companies of the
at
after
$4,375,628
resignation
the
1943
.
profit
Refund
:
earnings available to the: stockholders amount to $1,603,000 '
compared .with $1,286,000 for 1943, an increase of $317,000 or
as
Jan. 8 announced that at a meeting of its board
of Ellis L. Phillips as a director and
Chairman of the board had been accepted.
Similar action was taken
of
contingencies
and prior years.
1943
$6,214,233
from
Interest
Gas
Net
♦
in
was
year,
37,048,923
;—
Depreciation'
by,'a mergel' of'the subsidiaries—the
;consolidated net sales the highest but the resulting profits show
decided
a
for
reserve
last
up
sales
gen.. &
Miscellaneous
'
Co.,
1944 : has: been one of. the Jmost-successful
history reports D. C. Everest, President.
Not
company's
to the
set
cost,
receivables
on
Total
.
1296.
p.
rnanuf.
miscell.
to acquire all facilities of
subsidiaries of the Columbia
Marathon Corp.-r-Annual Report—
stockholder desiring to purchase necessary fractions to make
up a full share should
contact Harris Trust <fe Savings Bank who
will
sell
fractional
scrip certificates on the basis of $15 per share
to the extent the same may be obtained from other stockholders.—
V.
■;%. Profit
Pittsburgh)'," has received
above
Any
refund
income
reduction
$255,000
authority
and
arranged
&
in
Federal
$42,932,697 $40,851,007 $29,845,720 $23,510,383
(incl.
Int..
formed
the
amount
Consolidated Income Account, Years Ended Oct.
;
.
admin.,"
1148.
p,
this
Of
charged
was
for
the- agreed-upon
to
1944
Co., Manufacturers Gas Co. and Pennsylvania Fuel Supply Co.—to form
the new
company,
which entered into an agreement to acquire; the
Fayet'te properties, also-part of the Columbia system;
'■
The Commission alfeo"authorized elimination of
$21,33^,000 from:the
gas plant accounts of the new company." ''
1
on
frac¬
sending of
Power
Manufacturers
Trust & Savings Bank
company has arranged with the Harris
holders of fractional scrip certificates to
basis
The
$15
The
the extent of the stock dividend.44
the
Federal
Heat
corporation
new
County Gas Co.,
Gas & Electric Corp.
been
agent, stock and scrip certificates, to
159,
deduction
renegotiation
provided in
Total- sales
*
the Fayette
obtained aird accordingly stockholders will
from the Harris Trust & Savings Bank, Chicago, 111., transfer
of
Light &
'
Company-(a
the
has
approval
receive
Russell Maguire, President.—V.
quisition—
.1
Commission.
This
by
Manufacturers
par
value common stock per 40 shares of $5 par
stock, payable to stockholders of record on Dec. 11,
receipt of approval from the Securities and Exchange
upon
10
$5
common
1944,
Jan.
on
basis of
the
Supplemental
with respect-to
•
<
expense).
1,
after
for
$441,732
and post-war losses
4,
Dec.
with
Sixth
amended,
.
notes-and
Co.—2V2 % Stock Distribution—
proceedings
the
of
as
contracts.
The
Line Material
403
Act;,
applicable
war
reserve
balance
the
Section
contracts for the. year ended Oct. 31, 1943.. The settle¬
for an aggregate net refund of $696,732, to the Gov-
this
•
$0.58
-
on' war
provides
•ernment,
including provision for esti¬
profits
excess
ment
-
1944—6 Mos.—1943*
$70,562,166
2646.
p.
profit
mated
1944—12 Mos.—1943
L—$12,133,958 $10,268,268
160,
«Net
1944—3 Mos.—1943
Earnings per-share—*
$1.23
*
After- depreciation and other charges,
Stores Corp.—December Sales—
Sales.
—V.
Period End. Nov. 30—
concluded^ renegotiation
under
Appropriation
■■
.
Co.—Annual
-
Government
National
Implement
Farlane, President, states in part:
Company
on
Power
;
W. .C. Mac
made
were
stock 011 April 15, July 15 and Oct. 14, last, while
dividend of 50 cents was paid.—V. 160, p. 1738.
common
$407,000
Div.—
declared a dividend of 60 cents .per share
stock and the usual quarterly dividend of
preferred stock, par $100. both payable Jan. 15 to
on
6%
Jan. 15, .1944,
payment'of dividends
$6,105,888 $38,318,957 $35,263,924
$10. par; common
holders
This is
program directed toward making possible the
ultimately to stockholders of the parent Dela¬
ware
company.
Recapitalization of the Delaware company will be
necessary
and will to.low in due course after consummation of the
revamping of the capital structure of the Lehigh Valley Coal Co.—<
V. 159, p. 1765.
4:
the
only
2648.-
p.
directors
the
011
profit and loss deficit of the Lehigh Valley Coal Co.
nate
The
•
,
to
is
160,
$7,056,273
——
MacAndrews
Lehigh Valley Coal
by
_
merger
1944—Month—1943
,
Lehigh
the
of
name,
Period End. Dec. 3L—
this com-4
of
merger
a
209
due
interest,
been
Bank, trustee,
called for redemption on March 1, 1945, at 105Va
of first mortgage 4V7 % 25-year bonds, series C,
Payment will be made at the Harris Trust & Savings
$7,000
Sept. 1, 1961.
115 West Monroe St., Chicago, 111.—V,
1£3, p. 2379,
THE COMMERCIAL & FINANCIAL CHRONICLE
210
Mohawk
Inc. ■—Special
Mills,
Carpet
Offering
r
period End. Dec. 31—
Sales
-
The
the
fee.
addition to the distribution
'•:e;
.
Des Moines, Omaha ' and Oklahoma
in the Seattle and Portland-exchanges.
D7 C., Minneapolis;
ington,
50%
and owns a
interest
City,
Interest
record
8%
at
Arthur
1947,
31, 1944.—V.
to
(including bank.loans and notes payable):
Nov. 20,'44
of--wholly-owned: ^ubsldiary__i————————
$66,968
5V2% notes payable to bank (secured)
———--.
^
850,000
%% notes payable td banks
200,000
6% - obligation to bank - (secured) assumed'i
32,083
6% obligation to bank (secured) assumed-——1--—-—
90,000
Contingent liability as guarantor, of an outside pro¬
ducer's notes payable to banks, due June 18, 1945,
Notes
March
on
1,
1945,
second
on
145,
p.
mortgage
614.
speed
civilian
Nash-
needs,
basically the
as
same
the
.
reconversion lies primarily in the responsi¬
reconversion unemployment at a minimum,Mr.
keeping
Government
take
to
and
second
in
industry.
rank
Permission for pre-conversion activi¬
to war production needs is especially
only
/■//•.'"-'v'/':
of
to
utilize
the
same,
of
Government
domestic
plants
their facilities
time
conversion
of
policies
which
would
machinery
wr
rapid
permit
and
free
fully
during
producers
of
the balance
peacetime
quickly."
gap
of the
products to
at
and
war,
the
close
re¬
;;.y
produced
and
recently delivered
to
the
Air
Army
Forces the first helicopters built under automotive
assembly line meth¬
ods and quantity production is now under way.
The company, which
has become one of the world's largest manufacturers of aircraft
propel¬
up
lers,: produced its 100,000th
unit early in the year.
Hamilton
v
Standard
hydroinatic propeller
*
•
.
:
High-altitude two-stage supercharged 2,000 horsepower, Pratt &
Whitney aircraft engine production continued to increase.' Production
of
propeller-equipped bomb fuses reached peak during the year and
when the contract was completely fulfilled, it was
Immediately replaced
by orders for urgently needed rocket motors of 'the "Mark 9" type.
Diversified output of other war items,
including propeller governors,
parts, for jeeps, tanks and trucks, trailers, ships and submarines, was
y
income con¬
continued.
1945 to holders
-
...
Renegotiation is not expected to affect profits and no refund pro¬
made.
The War Contracts Price Adjustment Board
1943 fiscal years that the company did
found for both the 1942 and
'
Sept. 30—
profit on sales...
Selling, advertising and
admin,
not
v';:
1941
$518,067
$497,795 v
$450,141
.
1942
1943
1V44
.
make
$418,832
.
338,143
327,135
interest
$159,652
.
4,209
'
Depreciation
,
Amortiz.
5,678
5,845
...
4,624
5,061
*"
receivable
banks
in
(after
Balance
Sheet,
,
$113,765
and
hand,
on
doubtful
for
reserve
Sept.
30,
256,584,865
168,777,567
;
1941
82,061,475 122,045,258
69,032,763
98,934,725
.r-■:
:
:
.
$403,590;
notes
6,076,108
14,073,843
10,085,243
6,952.604
9,036,690
income
1,118,638
890,715
1,643.121
1,042,973
f-i Total profit
10,835,349
10,975,958
8,595,725
10,079,663
145,378
1,305,831
95,758
f940;835
1,680,000
1,905*000
438,951
1
....
1
1
$40,028
Int.
accounts
of $7,848),
and
commitment
on
VT loan_.__.
fees
Prov.i for.
:
$44,371;
hand,
(after
6,073,553
9,716,711
and
and notes
8,134,757
Operating profit
J
$88,775;" bottles and cases onproperty, plant and equipment
inventories,
investments, $2,050;
$74,648;-
goods sold
V
--
1944
accounts
1942
of
Selling, advertising and
4,624
4,624
■
$72,062
.$92,619
,
1943
184,933,362
Other
Net Income
.
$■
274,436,333
/admin, expenses
18,425
•;
/'Vb'-V'
v,
•
54,315
taxes..
t
-
,
sales
Cost
26,652
v./'/
;
Income
-
i 21,099
22,111
appraisal
appreciation
Federal
6,539
.
:
21,116
—
of
•
Net
$77,149
$163,592
<
,
Income-Account, Years-Ended Sept. 30
1944
V.!
$123,006
opers
profits.
341,683
354,475
.
excessive
.Consolidated
V':
expenses
Profit from
Assets—Cash
Funded debt
redeem
Moxie Co.—Earnings—
: Years End.
The
Completion of Present Financing
to Jan.
up
J.
declared
has been
of Dec.
Gross
tion, expire in June, 1952.
•
voted
December
bonds of this corporation, payable Jan. 15,
as
under exclusive long-term franchise agreements which, with one excep¬
Funded-Debt and: Capitalization,'.Upon
Buy Stock—
New York City, tit The First National
Boston, Mass.—V. 160, p. 11.
1,
of
y\ "~;v' s
material, con¬
dies, essential machine and other tools and advance order¬
ing of parts and materials, would greatly reduce the amount and length
of unemployment," he stated.
"It would also be helpful if Government
policies were established which would permit early return of specialized
war
production, particularly in the-aircraft field, to those companies
normally specializing in the field.
This would permit these companies
price not exceeding $75 a share.
Sealed offers
either of the company's transfer agents, namely,
in
fulfillment
visions have been
do so
remaining 21 exchanges which distribute the company's pictures
for
"Establishment
16 Wall St.,
;
pictures are distributed, in the United States through
a national exchange system- comprising.30 exchange offices.
Company
owns • seven* of
the-exchanges, viz., New York, Philadelphia, Wash¬
The company's
ties
a
by
Sept.
on
vertible 8%
company
,
in
at
Co.,
the
desirable.
:
secured convertible bonds, series
Morris, President, recently an¬
nounced.
These bonds were issued in September, 1937, in the amount
of $4,500,000,
and there are now outstanding about $2,400,000, the
issue having been reduced by operation of the sinking fund and by
voluntary retirements.—V. 158, p. 2583. " >
>
■
,
/
',V
;
//:■;
■/>/ .Vy■: ■
' v /" ; "i"
of
has»produced for it by outside
producers.
The negatives of these pictures are also owned by the
company
and they are generally produced in the company's own
studios
and largely financed, by the company.
For the producer's
services in supervising production of such a picture he is paid an
agreed fee and," in addition, participates in the profits of the picture.
(c) Pictures distributed by the company for others for a distribution
fee based on a percentage of the gross, film rentals. • The company
does hot-own the negatives of
these pictures and does not usually
participate in the financing thereof, but generally shares in the profits
which
both
Mount Hope Bridge Corp., Bristol, R. I.—Interest—
-"■
:;
Pictures
which
of
declared.
"The extent of such unemployment depends largely
the promptness and thoroughness of reconversion preparations by
upon
will purchase these shares, to the extent possible
in the sinking fund, at the lowest price at which-they
directors
due
directly by the .company or its wholly owned
producing subsidiary, the negatives of; rt^hich are owned by the con/(b)
$73,260,776,
Mason
to $1,000,000 of-the corporation's 6%
A,
(a) Pictures produced
pany..
Trust
and
models.
Nash-Kelvinator
.
.
employment
need
bility' of
Morris Flan Corp. of America—To Redeem Bonds—
•
'
of
pre-war
"The
15
on
Bank of Boston,
fall into three categories
•
to
struction of
will receive offerings of its class A shares
company
Bankers
cost motion pictures.
.Muu-t '
terests
last
::;
Feb..
with the $43,368
are offered;
but
will be. accepted
Busiuess—Corporation was organized in Delaware Nov. 4, 1936 under
the name Sterling Pictures Qorp.* to engage in the business of produc¬
ing
and .'distributing', motion pictures..
Company's present name,
Monogram Pictures Corp., was adopted Jan. 8, 1937.
The studios and
general offices are located at 4376 Sunset Drive, Hollywood 27, Calif.
The general character of the. business done by the company and its
subsidiaries is the production and distribution of low and medium
;
amounted
assets
Kelvinator's, first post-war products would be
company
23, and
preferred stock is convertible into common stock lit the initial
conversion: rate of .2 V* shares of common .for each share of preferred*
Preferred stock may be redeemed in whole or in part at the option of
the company or through the-sinking fund at any time upon 30 days'
notice.
The redemption price is $11.per share unless the stock is re¬
deemed through the sinking fund, in which event the redemption price
is $10.50, plus dividends accrued and unpaid in either case.
;
1944—Month—1943
' 1944—11 Mos.—1943
$76,467,705 $69,294,023$617,886,061$598,458,710
Moore Drop Forging Co.—Offers to
The
distributed by. the company
current
Discussing preparations for post-war, Mr. Mason said, that the com¬
pany • is aiming at a substantially larger share of the market % both
the automotive and home appliance fields.
The corporation's research
activities are well advanced, he said, but pointed out that in the in¬
clearance
The
follows:
; Total
reported.
$35,163,178 is in bash and Government securities.
io.
p.
and Straus & Blosser.
The pictures
Co.,
filed an answer to Government proceedings in Federal
Court, Chicago, calling Army seizure of its properties in seven cities
"unlawful" and asserting there was no constitutional power authorizing
the President to seize a plant such as Ward's.
;
;
The answer and supporting affidavits by 21 company officials denied
that the labor dispute behind the seizure affects prosecution of the;
war
and contended that the sole purpose of the Government seizure
action was to give War Labor Board directives effectiveness.—V. 161,
The
Corp.—Preferred Stock Offered—
Offering; of 100,000 shares of 5Vz% cumulative convert¬
ible preferred stock (par $10) was made Jan. 10 by a
banking group headed by Emanuel & Co.
The stock is
priced to the public at $10 per share plus accrued divi¬
dends.
Other members, of. the underwriting group in¬
cluded Buckley Brothers; Hirsch & Co.; Johnston, Lemon
as
Trust
Company Answer to Government Proceedings—
Monogram Pictures
& Co.,
the Guaranty
161, p. 10,
Montgomery Ward & Co., Inc.—-December Sales-
with a commission of
offered by R. W, Pressprich
was
at
'
70 cents. The
& Co. The sale
was
completed in the elapsed time of one hour and
three minutes.
There were 40 purchases by 22 firms;
500 was the largest trade, 10 the smallest.—V. 160, p. 629.
issue
made
140 Broadway, New York, N. Y.—V.
trustee,
share,
$37 per
will, be
Payment
Interest.
and
A-
special offering of 4,000 shares of capital stock (par $20)
was .made oh the New York Stoclj: Exchange, Jan. ,5, at
Monday, January 15, 1945
5-year
1,114,366
war-
ranty on refrigerators
Loss on disposal of cap.
assets.;
reserves
depreciation of $348,573), $343,117; prepaid expenses, $15,720;
patents, trade marks and goodwill, $655,925, total, $1,628,197.
for
»■
117.828
.
Sundry income deducts.
_
taxes
145,692
"450,000
1,650,000
taxes...
14,410,000
Other deductions
v'.Liabilities—Accounts; • payable (trade), $17,128; customers' .credit
balances, $6,687; accrued liabilities
(taxes, payroll, interest, etc.),.
$25,804; mortgage notes payable—installments due within one year,
$5,000; 5% mortgage note payable (installments due within one year),
with interest at 6% per annum
$73,750; convertible preferred stock (46,017 shares carried at $2.50
—
112,500
per share), $115,043; class "A" preferred stock (1,755.shares no par),
Capital stock:
;
5%%
cum.
conv.
pfd. stock (par $10)
(authorized *
///■/ $26,717; class "B" common < 258,008 »/2 shares no partf $173,474; ca#«
100,000 shs.)_
I—
100,000 shs.,/'.. tal surplus, $583,059; surplus available except for dividends on class
"B" common stock, $283,409;
appreciation of land and building by
Common stock (par $1) (authorized 1,000,000 shs.)
*493,439 shs.
appraisal
(unamortized), $135,030; earned surplus, $183,095; total,
•Exclusive of 225,000 shares of common
stock reserved for con¬
Fed,
& State
Excess
inc.
profits
48,753
*600,000
1,380,000
$5,310,000
2,1O~0"66O
:
1,500,000
Taxes provided in prior
,
years
-
.
the
SV2%
cumulative
convertible
and 6,561 shares, the balance reserved for issuance in accordance with
subscription, agreement.
11
The transfer agent and registrar for the preferred stock are Guar¬
anty Trust Co. of New York and Bank of the Manhattan Co., respec¬
tively.
The transfer agent and registrar for the common stock are
Guaranty Trust Co. of New York and Continental Bank and Trust
Co. of New York, respectively.
$1,628,197.—V,
PurposjOrfCqippany will receive from the sale of; the preferred; stock
proximately' $§5 i ,340 in cash,which will be added |o working /capital.
present intention
to ^4e £bc^ &^ditional wprking: capital for the
reduction, oj-trside, accounts payable., and/or taxes by .approximately
a
.
$300,000.'. arid the balance in the; production of its motion pictures.
,1944—Month—1943
Operating
revenues
$3,645,876
\ 4,906
—
Uncollectible oper, rev—
,
name of
has agreed
$6,464,443
67,257
,
taxes
Operating
Shares
5?
Net income
—V.
■
$383,253
* 1261,951
26,7,881
$4,419,317)0^4.669,635
2,919,066
•
£)3,081;5Q9
160, p. 2545.
(F. E.) Myers & Bra. Co.—Earnings—
Years Ended Oct. 31—
Shares
-
-
Blosser..—
&
10,000
5,000
Cohen, Simonson & CoHopkins, Harbach & CoSinger, Deane St Scribner
Bond
St
Goodwin
Kirchofer St
Ira
10.000
Johnston, Lemon'. & :Co.
Straus
Courts
12*000
Hirsch & Co..
Taussig, Day & Co., Inc..
12,000
Brothors-.i>^
Buckley
5,000
St
Co
-1944
'
1943
1941
1942
.
Si
Inc.—
I
Total
-Fiscal Years EndedJune
Income:- Film
rentals-
Profit from sale of
Total Income
of
—
9 Wks. End.
$2,147,848
$2,534,853
$4,234,898
Sept. 2/44
$784,582
38,244
32,333
65,729
27,745
27/42 June 26/43 July 1/44
——-
$2,186,092
$993,509
$2,567,187
$1,136,973
outside producers^ .re¬
450,294
selling, adm., adv. and
gen. exp;
—509,498
Studio operating exps—
24,659
Frov, for depreciation—
4 10,204
$812,327
$4,300,627
$1,854,766
510,126
717,591
-
Profit
for
—V. 161,
p.
179,181
1,116,129
195,567
i
127,270;
:
67,831
56,205
1,700
8,400
331,875
37,800
$157,104
$99,144
/ $177,823
$20,643
;
10,814
43,300
(less
30,758
5,360
Cr81,779
7,253
10,000
-
,
the period
111.
Montana Power Co
Operating revenues
Operating expenses
$1,555,428
$1,829,206 $21,421,161 $21,689,421
555,818
5,857,786
5,866,685
439,616
123,693
1944—12 Mos.—1943
,
'
570,012
94,845
5,394,105
5,545,641
1,787,532
1,579,646
and
.;depl,., reserve. -appro p<
170,885
171*418,
2,046,835
38,436
$1,138,464
$1,987,484
.
59,323
76,812
82.342
i
26,096
58.343
tProv. for Federal taxes
829,400
2,551
438,250
income
income
„
—.
Depreciation
——Other charges
•
$1,100,028
for post-war ad¬
justments and con ting.
1,004,536
^ 85,561
t
12,178
582,613
$437,113
$6,542,789
50,000 /
Net .profit
Common dividends
Earnings
—
share
per
$700,673
600,000
12,685
81,831
156,641
$499,116
200,964
$449,798
207,274
$6,624,620
$6,579,390
2,454,563
2,525.200
'Net Income.'.-.;./.-^
$298,152
$242,524
Dividends applic. to pfd. stock for perlojd....
$4,170,057
957,534
$4,054,190
pthef ,income (net)——
income——
charges—
:
.
957,534
Partial Redemption—
The company
■
v
■
■•;
„
'
.
'
222),, $11,413,762; patents and goodwill, $2; prepaid taxes, insurance,
advertising and miscellaneous expenses, $523,744; total, $90,804,604.
; Liabilities—Notes
payable to banks, $15,000,000; accounts payable,
$15,052,372;- accrued expenses, $707,756; Federal taxes on incomeestimated,. $7,484,964; reserves for five-year warranty on refrigerators,
$2,093,934; reserve for warranties, operating, and service requirements,
$144,210; reserve for post-war reconversion of plants and re-establish,
ment^of civilian business-, $1,200,000; reserve for contingencies, $1,000,capital stock (par $5). $21,455,550; capital surplus,: $6,438,441;
surplus, $20,227,376; total, $90,804,604.—V. 160, p. 1739. . <
000;
earned
Nathan
250,000
400,000
600,000
$1,090,069
800,000
$2.85
$2.96
$5.45
$570,851 v, $592,263,
$3.01
•After deducting cost of sales, including materials, labor and manu¬
facturing expenses,
tlncludes $432,000 in 1944, $2,500 in 1943, $563,905 in 1942 and $153,500 in 1941 for excess profits tax after post-war
refund of $43,20() in 1944 and credit of over provision for prior years'
taxes in 1942."---
Straus-Duparquet, Inc.—Transfer Agent—
has called for redemption on Feb. 9, next, $465*000 of
bonds due Dec, 1, 1966, at 102 Vz
first and refunding mortgage 3%%
The Manufacturers
the
common
and
Trust Co. has been appointed transfer
agent for
preferred stocks.—V. 161, p. 112.
: : - ? ; :
National Airlines, Inc.—Earnings—
is
Period End. Nov. 30—
:
Operating, revenue
Total
oper;
1944—Month-^1943-
$259,276
expenses..
252,390
;
$149,784
141,413
/
;
Net
revenue./.
oper,
$6,886
-
1944 and other current contingencies/$25,000; accrued
taxes other than
income, $21,304; Federal taxes on income-estimated, $900,433; reserve
for post-war adjustments and contingencies, $317,151; stated capital,
$1,000,000; earned surplus,: $3,731,529; total, $6,221,208.—V. 160, p.
1405.
-'^y«
: ■."" .'-v- i'.■■■;.
'
Nash-Kelvinator Corp.—Annual Report—War
Output
Up But Profits Drop—*
war products by the
corporation reached a record total
$274,436,332 in 1944, an increase of $89,499,970 above 1943, and
$192,374,857 above 1942, but profits decreased, George W. Masoh,
President, states In the report prepared for stockholders.
..
Net
profit
for the
capital
was
was
increased $1,769,541,
661*162
..
154;
.
...
$8,370
1,469
*$9,296
2,454 U:
*$6,842
$32,172
7.319
'
'
Gross income
$7,041
Deductions from income
Prov.
for
Fed.
taxes on
&
$39,492
'
352
■
•
8
'
595
State
income
3.900
Net income
$7,041
15,750
$5,579
*$6,850
$23,14'
•Loss.
Balance Sheet, Nov, 30,
1944
Assets—Cash, $524,582; working funds and special deposits, $4,966
short term securities, $1,000,000; accounts receivable, $231,506; airlini
accounts
receivable,
$124,489; net balance receivable fron
agent's, $18; materials and supplies, $72,621; motor fubl"Inventory
traffic
$2,276;
lubricating oils, inventory, $2,252; other current assets, $45
investments/affiliated companies, $4,631; other special funds,. $35,000
operating property and equipment (less reserve for depreciation o
$396,662), $689,612; deferred charges, $54,485; total, $2,746,483.
Liabilities—Accounts
from others,
payable, $115,952; taxes collected or withheli
$48,072; airline traffic accounts payable, $72,981; accr.uet
bringing the total to $35,015,684
wages, $74,373; Federal- and State income taxes accrued
$24,949; other accrued taxes, $11,196; other accrued liabilities, $23,402
deferred credits, $70,182; common stock ($1 t>ar)/ $500,000;.
capita
surplus,,$1,478,209; earned surplus, $327,168; total, $2,746,483,t
'
.
$3,065,290 against $4,115,550 in • 1943,
.Mr, Mason said, with* the decrease resulting largely irom continually
reduced -prices to the Government for
corporation war products, and
the rise in income tax rates during 1944.
At the same time, after
disbursement of $2,145,794 in dividends for the fiscal
year, working
year
t $693,335
1,054,782
salaries and
of
:
income
-.tin-.' =
Liabilities—Accounts payable including payroll and net "renegotiation
for 1943, $225,790; provision, for net renegotiation refund for
refund
1944—5 Mos.—1943
$1,045,485
$9,831:
;
■
-
1
"
Other
.
Balance'Sheet, Oct. 31, 1944 ;
Assets—Cash, $1,924,819: U. S. Government securities—at cost, $1,350,142; U. S. treasury notes—tax series—at cost and accrued interest,
$201,080; accounts receivable—trade (less reserves of $34,313), $514,678;
inventories (less reserve Of $58,002); $1,289,369; post-war refund of
Federal excess profits, tax.—estimated, $58,275; sundry receivables and
investments, $5,685; property, plant, and equipment (less reserves for
depreciation, $770,231), $827,885; deferred charges, $49,275; total, $6,y".rv
Deliveries of
■
; •
on
200.000 shs. com., stk.
(no par)
$6,422,749
Gross
.
$heett Sept. 30
Prov.
2,066,814
$488,224
10,892
Net. oper.. revs.---—
Interest
.
Balance
$15,930,942; yUnited States Government securities, it
plus accrued interest (aggregate quoted market price $19,056,999),
•^18,994,222; United. States. Wa^-Bavings Bonds fob, sale tot employees.
$238,015: notes and accounts receivable, including billings for costs and
fees on cost-plus-fixed-fee contracts (less reserve of
$39,338), $21,882,103; unbilled costs and fees on cost-plus-fixed-fee contracts, $11,871,556; reimbursable expenditures for production facilities, $135,023; in¬
ventories, $4,208,917; investments and other assets, $5,606,318; prop¬
erty, plant, and equipment (less reserves for depreciation of $11,710,-
$1,770,422
60,063
Earnings—
1944—Month—1943
'458,265
Other - taxes—il'S—^-i-
.
.
,
Assets—Cash,
$1,757,094
;
13,328
..
221.208.
$1,680,683
Federal-' taxesi—
retirement
statement.
'
15,450
Cr46,912
20,425
Crl41,801
98,739
37,137
—i
Period End. Nov. 30—
Prop,
the above
Consolidated
994,612
$1,615,491
$370,471
678,263
39,453
Crl4,991
fac.
Normal tax and surtax-;
Excess profits taxes
credits)
.
'
film costs
own; prod.
Other deductions
884,438
—-
Operating profit
Other
Share of film rentals to
Chgs., to
paid; $150,000 for provision for post-war reconversion of
tAfter credit of $490,000 in 1944 and $590 000 in 1943 for post¬
-jy-:
•
;
refund.
$1,153,257 in 1944,
$1,203,231 in 1943; $1*247.983 in 1942 and $1,288,418 in 1941 has been
ac¬
cessories, prints, etc.-
Amort,
-100,000
—
1,072,906
Note—Provision for depreciation in the amount of
$2,751,706
$1,974,641
12,843
.
Total
4*500
4,000
sell,
expenses
5,000
Arnold, Inc..
$2,859,080
Admin.,
Co—3,000
White & Company
3,000
Carlton M. Higbie Corp.2,500
Newburger & Hano__•—
2,500
R. H. Johnson St Co
2,000
Haupt
profit$2,455,246
$1,861,933
and gen.
: '.V> >>;! '
761,906
—899,813
4,000
•Manufacturing
3.000
12,500
4,617,053
2,145,804
cost
$391,802
.Net .operating income^
: -
'
Emanuel St Co.
plants,
Co.—Earnings
$3,457,591 $39,550,278 $36,397,186
2,434,812 27,366,521 24,115,562
639.526 7j?77,764;440
.7,618,989
3,828,755
2,145,794 / 2,145,799
•Provision for post-war reconversion of
plants,
tlncludes $750,000
for revaluation Qf automotive and refrigerator inventories;
$40,835 for
1944—11 Mos.—1943
$3,463,934 $39,954,434
6,343
44,156
3,065,290 ^ J 4,115,551
paid
deducted in
453,640,970
2,574,143
675,025
Operating revenues..
Operating expenses.
follows:
as
Cr478,347
profit
Dividends
war
each underwriter and the number of
tp find purchasers for or to purchase
Underwriting—'The
each
>
;' ■ Net
interest
Mountain Stales Telephone & Telegraph
■
It's
are
quired
•
p.»2298.
160,
Period End. Nov. 30—
'
shares which
re-
,
preferred stock, 55,000
shares reserved for Issuance upon the exercise of outstanding options,
of
version
ionger
no
he
/
'-"
Passenger Traffic Up 56%—
According to fe. -S. 'Park'er* Jr., Vice-president,
which
with 6,074 in
161, p. 112.
■
compares
-
■
the company's plane:
of December, 1944
the same month of 1943, or a gain o
carried 9,498 revenue passengers
56%.—V.
;
during the month
Northern States Power Co.
Redeem Part '
Stores Corp,—To
Department
National
Electric
...
of Preferred Stock—-.
6%' preferred
of
shares
The*
stock
totaled
the redemption of 40,000 shares
15, 1945 at? $12.32»/2 per share.
; March
on
Co., 16 Wall St., New York, N. Y.
-V",
r ,-<%
%%;'
Following 'the redemption there' will remain- outstanding: 37,817 ;
shares of preferred stock, excluding 13,548 shares held in the treasruy.
•
'v The
'
directors
have
declared
-
per;
cents
50
share ,was
Jan.
s
O.
.
miums
has been elected to the ad¬
ditional position of Treasurer, succeeding H. J. Lofgreiy who- recently
resigned as Vice-President and Treasure* to enter business for- him-,
self.—V. 155, p. 1412.
>
paid
"
Operating
$959,277
revenues—;.-.
taxes______„__
taxes_„....i_:_
j 71,710
Federal
Other
/
'461,876
151,629
-Operating expenses
*
-
limited-teim
of
•'
•
investments
vs._r
Interest
750
f, '9,360
73^
- •
284 '
•
——
11.
161, p.
from
—V.
160,
2545.
p.
•
—V.
160,
2650.
p.
"1
1
to
resulting from its various War Loan
by far the largest portion of the company's
was
in U. S." Government securities, ' total
'
'*
,
-
in
complying
lieps
As of
-
shares
'
$17,658,113
reflecting
year
a
high
first
of
week ended Jan.
the
For
kwh.
12,168,142
This
is
increase
an
of
end
its
1
ago.
corresponding week a year ago.
ft. in the
: :>:/■;>.//.
*
112
and
Dec.
ended
1944, the
31,
-
*:
-
.
Association
a
V.
reports
*
the week
for
,•
160,
number
.*»
Chesapeake
Ohio
&
V-'y*
V-
-
vf
York Telephone
New
above.—V.
Ry.
v'.v
•
Co^Earnings-— ;'
:
;
1944
p/ 112.
161,
'J W.'-
^A'.: iy
*<■'!»
^
'
•
from
*
■
t
admin, expenses
-
operations
for
;
-
Net
Net
Operating
6,776,336
5,036,002
k
taxes—.
for
S.
income
oper.
income- •'$2,698,954
$2,804,302
income
2,268,138
2,297,608
Net
—V.-
160,
2650.
p.
;
$29,244,063
24,752,195
$556,657;
'
368,000
232 '
k
}
'
"
32,779
'
v
been
manager
v-of
Co.,
discounts,
in
„;$322,000
•
North Texas Co.
Operating
of
Note—Provision
> 1942,
$357,626
in
cost
>
161,261
155,304
•
in
in
57,629
General
Fed.
He has
surtax
Fed. excess profits tax.
Savings from filing of
consol.
tax
61,762
8,335
316,252
amortization
46,700
•>
% stock
and
-
$0.62
$0.65
f
for
profits
excess
in
$32,200
i
■
•••
Operating- income
r
18,676
Other
income
Gross
(net)
notes
less
9,'292
$29,370
874
$410,248
$28;496
.
;•
,
1,987
$48,982
V
He said
is
,,
.
:
of
Other
' /
%,
accruals.
receivable
r
;
%%>
51,173
passengers
paid.-
1530.
p.
The
•
its
third
full
out"
"all
of
year
production
war
saw
*•
that' business
done 'in *1944
-
will
Exceed
>
requirements. at-$10,000,000 in -capital expenditures.
adequate-funds are-available but-"will, be thus used only
needs
and
have
proper.",
been-reduced1
to
point-where
a
,
;;
-
such
war.".
timing
•>:
-
he .declared,, reconversion -plans-have been
stored back in. the top-drawer while, we.concentrate
('rolled
up
on
winning,
>v-;>'1 ■■■..
/ ••
,
(trade),
war
Christopher
effort
He
•
Packard
for
vital
motor:
to
outlined
planning, however,-that can parallel the
by preserving the nation's automotive
Government'.approval already /granted program of building car-replacement
parts
and Astrengthen
transportation.
■
a
told
necessary
car
it
maintenance.
Production -lines
.
have
been, estab-
•;v
"
payable,
accrued,
$7,277;
$536,845;
$15,619;
accrued
accrued
for
reserves
salaries
and wages,
.
sales
surplus,.
earned
profit
on
:
%■- ' ' 1944 '
Airways Corp.- -Stock Split-Up
Voted Upon Feb. 23— *
*
t
.
The
;
1942 "
operating
profit——
$1,271,232
10,298
has
underwritten
Stockholders
$1,065,611
—Sells
4,658
10,816
$1,507,203
paid
and other
Contributions
to
misc. Chgs;:!:-
Nunn-Bush profit-
and- retirement
sharing
23,157
;'
,
fund^y.&rti
199-.010
1
refund
Post-war
of
excess
Net
for
for
the
year—
•
-
inventory
price
deadjustments, %etc.,
$335,497
'
74,911
-
transferred
to
special
43,981
;
V
' '
;
Cr4,600
i
transf.. to earned surplus
Preferred dividends:--^^^-—
T-
75,000
$260,497
•
:65,660
not
100,000
.
-
66,809
,
.Common-
out
dividends_i.--u—,^.-tii..
Earnings per
:
i
common
Note~-The .provision
mcnt
was
$60,477
*.•',•% 137,088
share_'_-.^_^-v> $1.13
for depreciation
in 1944, $57,457 in
%•
.169,330*
$1.19
>
$249,865
>
• 68,512
• 135,456
,e-•
ments.
t
-
$1.07
of property,, plant, and equip- >
in 1942,..'
v
1943 and $58,503
of
Jan.
to
approving a proposal to
increase the. authorized
preliminary.::to,"the,offer¬
purchase additional stock.
Atlgs Corp
offering to-the extent of $25)000,000.
will
20
Stock
be
entitled
Central
in
in Honduras
these countries,
to vote
at. the
meeting.
American
and
Costa
The
Rica.
;t is understood, will have
and their nationals will
-
of
units
:
($2,500,000),' of
pesos
nationals.
available.
these
.
proposed
being established
of all
Details
$349,865
75,000
$266,836
.
on
and
Affiliates
Minority Stock Interest in Mexican Subsidiary
a
Mexican
%
\
vote
one
a
own.
govern¬
20%Unterest
the
otljer 40%.
Pan American has just sold a 45%. interest in
its-important Mexican
subsidiary, Compania Mexicana de Aviacion, S.A., to-Moxican arationals.
retaining the other 55%.
Capitalization of the Mexican, company is
1
\
reserve.^-, 1
•
$341,836
'
the
record
40%
12,500.000
clines, post-war
cf
in each of these companies
154,351
204,600
Cr61,300
Cr57,000
income
Approp.
ments
-profit*tax
(est.)
for
corporation, has taken a 40% interest in local airlines fdrmcd in
and Nicaragua,
and will receive a similar interest in-other
carriers
-
306,300'
46,562
57,397'
JI"
taxes
•
The
will
23
two
be
Panama
'
15,771
•
r.
150,043
625,000
.;
taxesyi'J^V-v..569,000
Federal excess profits
15,062 %.
% ->
390,000
;.
154,469
Federal normal taxes.,
State
$1,070,269'
Feb.
to
These steps are reported to be
^126^711
$1,496,387
income^—$1,281,530
income-:-'—-™:
on
stock
common
ing of rights.-'to stockholders to
\
$3-182,322
$3,533,875
2,037,488
1,973,990
stockholders
the
capital stock.
1943
*'
$3,245,222
sales..—•
American
Pan
.
$400,333
'96,943
mis¬
$479,252;
taxes,
the
but
■ were
there,
which
*"•'
the
of
it is reported
established
and
5,500,000
pesos
at
American
American
the request
by
of
companies
arc-
representatives that
the
respective*
govern¬
Rica has-yet to approve formation of
the ;Honduran
-
Central
by Pan
are iheld
i-v.
„
formation
The Congress of-Costa
established,
company
1
has not
yet
been
a
finally
.
"About a year ago Pan-American sold a 42% interest in its Brazilian
/subsidiary to Brazilian .nationals.
Other-sales to ..nationals may take
'plate later. .'The Brazilian Government *-row requires that! a 40%
;
•
about
lished, he said,' and car parts are now being-produced to refill depleted inventories.
He said parts shipments had beCn 22%
greater than"'1943,—'V;'i61,
p- 12.
::
';;>'A'.
;•
par), $202,230; capital surplus, $271,627;
total, $2,594,008.—V. 160, p. 632.
(no
Total
-
of Chicago in 1944,
compared
with 28,593 passengers in
1943, an increase of approxi¬
mately 79%
over the previous year.
Flights operated out of Chicago,
during 1944 .totaled 3,098.—V." 160, p. 2651.
carried
160,
then,
company
Northwest Airlines, Inc.—Operations—
share.—V.
per
Packard
war
right
-this
■
,
,
2759.
The-corporation
Jan.' 26,:. 1944 $1.25. was
compared
that
Until
$164,138),* $918,681;
of
reserves
Balance
.
on.
also $4.25
was
.
estimated
and equipment
(less reserves for depreciation and
$481,610), $516,996; deferred charges, $17,407;"total,
Years Ended Oct. 31—
Net
223,355
$379,534-
-
while.
year,
Christopher <estimated
Holds
50,468
declared
160, p.
*
$450,801
30,714
'
'
r
r
Dividends
;
Gross
■■■;4,413
578
23-.
of
'
in
$8,000
and
1944
80,
and; acceptances
(less
Selling and administrative expenses
$446,388
;
•
'
•_
Balance
—V.
.
--Int.
$50,969
Vv'^ 857
f
income
Interest
:
516,978
■'
$400,956
-
$50,392
value,--payable Jan. 27 to holders
Payments of $l~each were made on May 1; Aug. 1
par
no
at the year-end still, approximated $700,000,000."
Present personnel lor the Detroit-and Toledo
plants totaled 33,161.
To reestablish itself in automobile manufacturing,Mr.- Christopher
'
>v:
1 •
r,
«
declared\a quarterly dividend-of $1.25 per ;
books
;
.split
CY65.000
,18,761
•
$28,513
6
stock,
Mr..:Christopher.explained.:.*: "The/changingVneeds of -war strategy developed aTound -the engines we build' also brought •production-cutbacks.
Certain; contracts'' .were 'extended; however, sod-that business on .our
'$0.55
tax,
and
1943
Mr.
1944,
Sept.
director.—
a
to .around-«$.341;000;000vfor the year • before. ■ /
He said that .the company,:expects 'its/Federal incohie taxfes- to top
$19,000,006; ''He figured thls :to -be -abod't^Ive'.times" anticipated earn-.-cings, which: may..be'even'less thanHhe ;4943-"I f • -M
""This is'due toTeduced fees/and 'Closer pricing fof':our war-products,"
amortization of fixed assets
$54,267;.. 1943, $56,158;
and
expenses,
Sheet,
receivable'
commissions
$412,462;
607,451
Cr62,900
,221,159
'
*
541,940
-
■108,324
1944 ship 57% more PT-boat marine and Rolls-Royce
engines .than the /previous: year's peak outputvand;-through
>$450,000,000,
i '
*
Jan.
on
1, 'last
r
warranties, $55,527;
reserve for tax contingencies, $90,000; post-war contingencies reserve,
$60,000; 7% cumulative preferred stock (par $50),. $438,200; common
'
Cr6,000
$172,504
115,348
Co.—New Director—
common
paid in 1943
'when
depreciation
sales
$380,972;;
accounts
: $2,594,008.;;
352,315
.
$175,095
J
Fitch,
Jan.
Nov.
!
inventories, $688,303; postwar. U. S. excess profits tax credits, $71,649;*
291,631
240,033
Cr5,200'
10,313
::
.
;
.
1,729,120
30,200
34,200
returns—
Depreciation•
I
1,963,572
805,663
72,780
taxes
normal and
$16,288
the
aircraft
% $142,351
' 34,588
80,892
1942
1944,
v%:;
Assets—Cash,
cellaneous
20,100
Maintenance
619,400
.204,624
1
.
27.297
Operation
$20,948
Completion
'■ ■ y
for
of
'$53,071.*'.
$140,368;
1944—12 Mos.—1943
$4,102,239
$4,426,674
$365,454
290,899-
■
this company* in
50,000
$162,166
-
30,675
v
$33,000
Balance
26,268,235
(& Subs.)—Earnings—
revenues.—
646,050 *'
*
3
21,671
Packard Motor Car Co.~Has Record Output—
: >80,892
8t'6'ck__^»j
$200,000
1943 -and
credit
included
$31,553,371
Assistant Controller.
1944—Month—1943
1,247
$996,528
'
returns,
1942.;y
from 1935 to 1942 and with the Philadelphia
Waterhouse & Co. from 1925 to 1935.—V. 160, p. 2759.
Period End. Nov. 30—
.'
•V 15,830
directors
record
and
n
^
Nuim-Bush Slioe Co, (& Subs.)—Earnings—
>;
56,153
V
59,251
-1 ;
,
Philadelphia,
of
office of Price,
$
$1,112,044
$94,112
Vice-President, • has been- named
145.:VV-
on
% total
>
-
of the tax aud audit departments .' of the Niagara
Since 1942 and was associated with Henry W. Breyer
System
.
_l_
A.
161. p.
share
freight, allowances and excise taxes, tlneludes provision of $25,939. in 1944,-.$23,676 in 1943 and $19,213 in
1942, for doubtful-accounts and" notes.,'-^Includes $330,000 in 1944,
•Less
-
Hudson
$997,775
$1,113,395
1,351
.116
24,441 v
2546..
p.
Edward
V.
.
Liabilities—Accounts
an
,1944—-11 MOS.^1943
$94,228
income___-
oper..
The
'
10,000
Earnings per common share
Powel( Corp.—Official Promoted—
Howard has been elected
,.V-: "" vV'::
.
20,459
:
stock^L_w__%_l_^. '
common
$24,970;
Herbert S.
.
119
revenues-/: V •; $104,640
Otis Elevator
v
''288,000
363,800
"
*-"$156,142-:-<
oH- -preferred
Dividends
;DiVS.*-on
.
Niagara Hudson
of values.
prevent sacrifice
to
Ifp
:
lowered costs to the Government, increase its sales and ~billing& only
.32%:; according. to" the 12-month preliminary figures announced on
Jan. 9 by- Geo. T. Christopher, President and general manager:
$477,648
"Last year ended, with the 55,122nd. combat engine Packard has built
■
3,3(j)3
since the.*start of our war production job,"/"stated Mr. Christopher,
v
."That represents a dotal * of "84/356,900 .preeislon-built -horsepower.
It
'$480,951:
is more: than* enough; to power all the cars Packard' turned out in Its
601"
;,vcntire' 40 .years of-cftr production^'.1/" •
;
;
\ *;%>- *
; 5
•
$554,301
,
2,356
and
contingencies
tax
property,- plant
Net
'
1944—Month—1943
rev._
income
—v. 160,
383,782
.
,
4,832
'
U.
'•':'rN^ ji)irofit'
$232,635,366
149,367,958' 145,056,214
66;880,340
56,025,781
13,990,503
and'2,228
1943
in
16.
p.
$104,759
revenues
expenses
Mr.
13,640,966
.
160,
if necessary
taxes
1942
$4,003,471
3,142,041
425,635"
..$561,754
.
est.
profits taxesAl-lil--';;-,'.. " "
Provision
/•-
$21,830,807 $245,492,361
$23,116,256
Operating revs;...
common- stock
it at public auction of 54,000 shares of its com-
/
Operating
A
5,004,928
$555,648
6,106.
:
Total income -
excess^
;
'-^.FerWd End; Nov. 30—1944—Month—1943
1944—11 Mos.—1943 r
$21,868,895 $245,800,039 $233,101,442
Operating 'revS.-l!'.*.. $23,147,073
Uncollec. oper..' rev.
30,817
38,088
307,6781 *
466,076
Operating exps.^L,-
of
1044.—V.
"2299.
p.
Operating
%
%
$5,984,863
5,343,771 ,
.
460,171.
Other -deductions
post-war
Co.—Earnings—
shares
V
i
1943
—$6,359,590
&
gen.
,"$Prov.
Commission
..y-( New York Chicago & St. Louis RR.—Carloadings—^ fc
Seo
Bonds-—
-
-PfoVision for pbst-war donting.;i_i
Exchange
160,
Operating
%
on
.
Other income
'ia'>
and
$4,936,036
$11,929 in
1943.
dAfter
of $961,329 in
1944 and
(The) Outlet Co.—$1.25 Common Dividend—
Co.—-Calis
redemption
for
^
postponed Jan. 5 until
Feb. 6 a hearing on the amended plan of reorganization of the-com¬
pany.
The hearing was originally scheduled for Jan. 9.—V. 161, p. 11.,
Securities
"The
J)r28,021
"1,089,488
Dr74,471
,
leaving 67 farms still owned;
been disposed of,'„the report
also
sales
of
tSell,,
NewEngJand Public Service eo.^Hearing. Postpone
•
called
2005.
p.
sales
•Gross
ended
.■iiv*-.
84,132
1,166,754
__w
corporation has asked*;the Securities and Exchange Commission
Operating
'
v
Norwalk Tire & Rubber
Cost
65,740,685 for the week ended Jan.
161,\ p..112.
$5,921
stock in
Uncollectible oper.
the
employment,
'
1944,
has
-Years Ended Sept. 30—
•
of kilowatthours available for its
Jan. -6,- 1945,-us 62,938,248, compared
8, 1944, a decrease of 4.26%.
Comparable figure for the week ended Dec. 30, 1944, was 60,834,611,
decrease- of
0.45%
under-the
corresponding ^eek J off 1943.—
The
territory
has
company
Profit
with
438,165
,
Ohio Associated Telephone Co.—Earnings—
low of $6,679,748,. compared
new
Northwestern Steel .& Wire
-
111.—V.
Association—Output Off 4.26%—
New England Power
during
residential property
159, p. 112.
Association
J
11.
1943.
common
Period End. Nov. 30—
March 5, next, $96,500
of Northwestern Barb' Wire Co. first mortgage 5Va % sinking fund bonds
due Aug. 1, 1945% at 102 and interest.' Payment will be made at the
Northern Trust Co., successor trustee, 50 South La Salle St., Chicago,
reports electric
output of 55,910,388 kwh.
This is a decrease of 96,411 kwh. or 0.17%
below production of 56,006,799 kwh. for the corresponding month a
year ago.
-v: -y.•:.•'>>
Gas output for December, 1944',
is reported as 709.552,000 cu. ft..
an
increase of 20,228,000- cu. ft.,-or 2.83% above production of 689,324,000 cu. ft. in the corresponding month a year ago.—'V. 161, pp.
month
the
For
375,000
-1,314,300
438,165
-
•
-
.,
universal
nearly
and
wages
124 were sold
1943,
The
„
499,000 cu.
V450.000
1,311,700
,=
■
(par $100)
$5,250,769
purchase of the shares
—V.
totalled $16,538,845,
loans
states.—V.
v' v :
.-f ;•,
::
Gas output for the Jan. 5 week is reported at 158,927,000 cu. ft.,
an
increase of 10,428,000 cu. ft., or 7.02%
above production of 148,-
/
of
city
.all
.V/.'.
■/:
ago.
•
•
the
kwh. or 0.26%
week a year
31,831
'
19!),010
ad-
post-war
mon
stock which remain unclaimed by persons entitled to the stock
pursuant to the plan of reorganization of Utilities Power &-Light Co.,
predecessor to Ogden.
Ogden also asked the Commission, to. approve
shrinkage
production of 12,136,311 kwh,. for the corresponding
above
/'*804,700%.- '• 870,000
83,798
approve the sale by
Real estate owned, including home office building, showed a further
to a total of $1,551,109, or less than 1.4% of total assets,
statement showed.
Of 191 farm properties on the books at the
;
,
reports electric output
Association
the
5,
" 234,522
Ogden Corp.—To Sell Stock—
to
by home owners on ' their
mortgage
loans dropped to a
to $7,506,260 at the end of 1943.
Electric' Assfwilatlon-rOutput-—;
New EnglandGas" &
V
in
of
The
.
.
and
standards
insurance
with
prepayments
31,
Dec.
company's policy
i
-
$604,900
-
retire-
reserve
of $10,713 in 1944 and
for depreciation
and amortization
$924,413
during
continued^ heavy
compared to
■
r
" "
..."
—
'After
reserve
among
scarcity
to
mortgages.
1944—Month—1943 - 1944—12 Mos.—1943
$15,715,445 $14,606,512 $95,865,634 $91,020,429
.
'
•
■
'
•v.*
f *,",te«r
a " *'
Sales
$4,936,036
■
,
* ^ 350,881/"
;
:
Total
■v;"
in 1943 to $14,744,221 in 1944. •
'
members of the armed forces, including deaths
and from accidents, were responsible for less than
$12,959,231
Also
Period End. Dec. 31—
1
'
"
-
and
■
: 22,311
natural causes
partly
partly
(J. J.) Newberry Co.—December Sales—
•
■ -■.
,
Sales—
■
-
1
• >
*
surp]us_^_^___.___i__-_^_._^___JTreasury stock
11% of death claims paid by* the company in 1944; the report shows
claim payments totaling $3,372,624
in" 1944, as compared to
$2,912,271 in 1943. - Payments to living policyholders, aside from loans,
increased from $2;706,602 in 1943
to $2,967,807, making a combined
total of $6,340,431 paid to policyholders and beneficiaries during 1944.
purther shrinkage occurred in holdings of first mortgage loans, due
$5,933,050'
sales
(
"
others),-. -$473,782
Earned
•death
1944—Month—i943
1944—12 Mos.—1943
$5,408,704 $38,215,777 $37,333,255
Period End. DeC. 31
v
Net
^*;>v
Capital'Surplus
-
■
does
subscribed
Casualties
...
-
/_
5% -cumulative preferred stock
of the total assets in the statement.
The $55,-.
not include
an
additional $2,600,000 in> bond
60%
nearly
figure
for
from
-
■,
Neisner Bros., Inc .-—December
l,
•
Common
-
1,707'
.
Nuim^Bush' profitrshanng
Special reserve-for .contingencies,
Justmcnts, efc.„,
\ ■'
•"
1944
65,900
646,482
1" ■;-'
630,731."
•-
1,447
%
^1128,100
v
t
•
.
$5,250,769
ment /..fund
i
increases
in
-
,
998
——
'Due. to
r
by agents-''rose 12%i in 1944, totaling $45,953,198,
compared with
$40,962,352 in 1943, according to the report.
Premium income increased
;
$1,712,781
499,100
$1,627,442
499,100
$115,231;:;;; $182,648
applic. to pfd. stocks for period
Dividends
f
Total'
"etc.^:'A'-*_-_-J Provision, fob laxes on dncome__:^_%..j_:_.^_i__
.
$2,790,448
1,096,406 ; i;077,667
90,781
98,055
charges..
6,473
_...
further
127,694
62,787
: •.
- .*.«
•
Accrued swages, salaries-,- taxcsf
the Sixth War Loan drive and reserved
for the company for future delivery," Arnold stated.
% Exclusive of revivals and increases, sales of ordinary life policies
$2,723,848
$273,429
'-v.:;'
^
compared-with $544,320,530 'a
.
during the-year,
520,792
$2,788,741
-
v/
.
investments
purchases
10,061
$2,717,375
,,
$213,286
income—
Net
.
income..
Gross
—V.
..
$273,145
$212,500
re
Other income__l>L„__-.oper.
%
-
"
-134,794
"62,663
,
holdings of which increased to $55,520,792 as of Dec. 31, thus account¬
t
760^
.
..
'Net
:
•
Co.j 'Minne- *
preceding year-end.
Capital, contingency restood at $8,730,770, compared with $7,871,331 a
surplus
Reflecting
new
730,000
v
ago.
"pledges
ing
730,000;^
60,800
insurance-::—-^
-ft:; ^-.Liabilities-*-: Accounts
payable.-(-trade-creditors-and
.
the
of
as
and
""
'
60,800 i
appropriation
Amort,
"year
$897,742 $llil54,517 $10,326,347
455,495
-5,389,894 '. 4,951,342
32,166
1,363,081
921,188
75,386
944,807
925,015
Prop, retirement reserve
160, p. 2005.
1943
'
$383,915
-1,080.100
742,703
.
1,655,871-, -1,802,4%
-
1——
-•
•
*
receivable—740,890
--win-
to >$6.75
total insurance in force stood at $586,696,979 as of
to its. annual" report,
31,-according
sei*ves
1944—12 Mos.—1943
-
securities-^-^„^-%—1,343,940
Cash: surrender value, ot life
.
$103,048,866
■
and
Contributing to the-gain was a further reduction in the
lapse ratio to a new low,-reflecting ability of the average policyholder
to keep his. insurance In force, Mr.' Arnold pointed out.
■
.
Total
assets *of
the
company
reached $114,220,589
compared to
V
1944—Month—1943*
Oct. 31
Investments
year-ago.
tl
Period End. Nov. 30—
•Accounts
1
,
President, on.Jan. 1 reported a record total of pre¬
in by policyholders during -1944,' a
record increase in
$42,000,000 rise in insurance protection in force.
The corporation's
Dec.
Vice-President,
Nebraska Power Co.—Earnings—
Balance Sheet,
>i,.Invcntories
J.-Arnold,
assets, and a
Deming;
Consolidated
.
1944
U.; S. sGovt.
Co.—$96,500 Bonds Galled— ;.\'T
Northwestern / National
-
National Surety Corp.—New Treasurer—
Clifford *E.
stock
7%:
Life Insurance
-apolis; Minn.—Results for 1944—
;
-
,
the
oh
Co. below.—V»
-See Northwestern 'Ste'er & Wire
'
•
tion-r*/<'■■>
The corporation id hegotiating to acquire the cooperage facilities of
the, Motor Wheel Corp, at Nashville, Tenn., but so. .far no agreement'
has been reached, according to a report, from Louisville, JCy,'("Wall
Street Journal.")—V;. 160, p. 2076,
'
" V '
;
,
..
11.%:% ."•y/.;;v;■ V.v.;'?.'°':-V:^ -y=-^' ,y; -prepaid ■expenses_--u___-__-_.-___u_-___—19;897>
stock.—V. 161, p.
Northwestern Barb Wire
f
Acquis!^
National distillers Products Corp.—Proposed
the 6%
on
to $7.87%
amounted
dividends
1944
15 to holders of record
extra distribution of 25 ;cents
made.—V.'160, p,1298. .'
' '
V
-!
par common stock, both payable
Jan.
10;
On Jan. 15-, last year,
an
no
per-
of
dividend
extra
an
J
..
hand and in banks.—,.$532,884
on
.
dividend of'12'/a 'cents per share On the
the Usual quarterly
share and
t"'.
Cash,
.;
> • Notes, receivable from employees for -sale of own •
y. v To Pay Dividend on Account' of Accumulations^—
common
y%The directors on Dec. 21 declared- a quarterly dividend of $1.31% -/ /
Due
from
U. j S.
vper share on .the 7 %"cumul. preferred stock and a dividend of $1.12 Va
Govt, (post-war refund of
per/share on the 6%> -cumul. preferred stock, /both payable Jan.^^ -20 ;
cess profits taxes):
to holders of-record Dec. 30.'
Like^amounts were paid in each of the ,- JProperty, *plant- and ;equipment»;*.-:i-—i—.-u
four quarters,-during 1944.y Arrearages after payment of the Oct.;20,:' % Lasts,, dies and patterns,>trade-marks and good-
:
•
Extra Dividend of 50 Cents—. .v
Dec. 30, "1944,
i„
Assets—.
6, 1945,
for the
totaled
43.635,000 kwh., as compared with 39,705,000 kwh. for-the
corresponding week last year, an increase of 9.9 % .—V. 161, p.\ 11.
%
Trust
To Pay
corresponding;week last year, an increase of 10.6%. ;
..Electric output of this company for the week ended
'
1..
t
(Del.)—Weekly Output—
of this company for the week ended Jan.
kwh.- as compared with 41,547,000 kwh.
output
45,966,000
'
drawn
business Feb.
Close- of
■
by lot irom stock outstanding at the;
1, 1945. Payment will be made at the Banker's
be
to
are
I;,'
-■
4 authorized
?The directors on Jan.
•-
211
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4351
Volume 161
interest in any. air line uperating.in the country be owned by
( "Wall Street Journal.")—V. 160. p. 2759. * 3
-
nationals.
} '/.
j. <".
•
•
THE; COMMERCIAL & FINANCIAL CHRONICLE
212
Parker Pen Co.—Civilian
locomotives;
.
Output Still Restricted—
;.
"
The needs of
Armed Forces for munitions has led
our
this company
voluntarily
WPB
the
.
pens,
.
Navy.
commercial-considerations
"No
•
the
1
rocket
this
or
for
for- civilian manufacture," the statement con-'
manpower is available
tinucs.
The'company
Parker estimated
Mr.
pany's
current
•
by
producing
over
of
under
that his Com¬
impartial"
It will supply dealers on a "strict and
quota rationing system.—V. 159, p. 2525.
y%" -:
y:",
1,
"bonds
will
The
See V. 101, p. 145.
share
V
28 declared a year-end dividend of 5 cents per
of 12Va cents per share on
Payments in 1944 were "as follows:
25, 12 Vi cents.—V. 160, p. 2759.
15.
respect
outstanding
The
holders of record
On Jan. 24, 15 cents;
the common stock, par $2.50, both payable Jan. 25 to
Jan:
of
which
of
such
stock
capital
aggregate
an
or
liability
company
Jan.
on
formerly
solicitor.—V.
Of such'
-
1944—12 Mos.—1943
$60,546,726 $535,319,371 $489,888,091
$69,848,003
—
2651.
p.
the
of
of
161.
The
Jan.
Pennroad
145.',
p.
Goodrich on
file a motion
Hei'bert
Jan.
F.
Gibbs
10
Dec.
f
i., v•
^y/y'/:;v/yy'ya yyy
subject to approval of the Interstate Commerce
all
consider
26,
of
$24
a
its
accrued
of
•
New
The
pointed
stock
from
directors
disposition
agent.
company
Estate
the
fixed
of
Malcolm
of
business
the
stock,
believing
the
it
wiser
company
;;
for the
plan
no
from
period
Walnut. Streets,
Tfust
70
Co.,
-
Philadelphia
at
order dated
Dec.
act
shall
1944,
21,
-
"when-issued"
of
J
and
1939
trading
when
the
became
61, p. j.45,
bond^ of
in
Jan.
on
the
under
filed
indenture
effective
the
6,
,
Oper.,
to hold
and the
Report
11,775,412
10.187,736
9.203,021
$1,951,756
$1,770,183
$1,507,347
143,100
143,100
143.698
143,548
1,032,671
860.929
655,051
122,825
134,729
148,443
96,122
113,342
—
Federal taxes
etc.
assets
on
bds.
own
4,460
400
1,395
10,014
13,288
Net
income
As
of
dairy
Sept.
operating
Materials
mobile
this
Since
sale
$842,486
484,008
)
and
of the remaining
subsidiary, the following is
'
Co.'s ice
cream
disposes
presented:
body & Co.;.Lazard Freres & Co.; Salomon Bros. & Hutz-
481,908
inter-company dividends,
1944, the Tech Food Products
sold.
19,772
■
$795,086
30,
plants
acquired the assets and business of
Molded Materials, Inc., Ridgway, Pa., which is now known as Molded
$679,375
-
481.208
of
983
;■
18,493
-
481,208
$683,332
——_
paid
•Exclusive
39.683
5,101
pur.
•Dividends
371,108
" 150,215
„
disposed
destroyed—
or
Prem.
lines.
allied
14,065.287
Closed plants expense—
Furber
—
1941
1942
$11,957,919 $10,770,368
$2,088,464
debt—
on
and
on
Produces Co.)
1943
*
expenses—
-
Acquisition of properties—During the year, the company, looking
toward post-war conditions, has strengthened its position by acquiring
additional plants to increase its regular line of products and to ob¬
in
etc.,
Depreciation,
Loss
Food
$16,153,752 $13,727,168
earnings
Interest
161, p. 12.
Tech
1944
all
earnings,
sources
Marshall, President, states in part;
In
the
cover
and sub-agent, respectively.—
a^ent
automatically
Act
(Including
of
underwriting syndicate include
against
Trust
Years Ended Oct. 31—
Net
Pharis Tire & Rubber Co.—-Annual
greater, diversification
as
Kirkpatrick
•
removed
were
on
"the board has
See Chesapeake & Ohio Ry. above.—V.
-a
to
made
Pittsburgh Brewing - Co.—Earnings—
G.
close
the
these shares
pending future developments of
general trend of business."—V. 160, p. 2652.
tain
Y.,
H.
amended
an
SEC has announced.—V.
State
'
be
.
Indenture
/Sales
of
will
Legal Prohibition Against Bond Trading Removed—■
the
|
;
statement declares that
other
or
N,
William
agent by
as
such
as
1944, as the, record date for determination of the stockholders
proxy
bonds
York,
Judge
Sachs & Co.; Harriman Ripley & Co., Inc.; Kidder, Pea-
Co., Inc.; The First Boston
&
Blyth
Corp.;
Goldman,
for
ler; Stone & Webster and Blodget, Inc.; Union Securities
Corp.; A. G. Becker & Co., Inc.; Drexel & Co.; Eastman,
W.
Co.; Hallgarten & Co.; Hemphill, Noyes & Co.;
Hornblower & Weeks; W. E. Hutton & Co.; Lee Higginson Corp.; Merrill Lynch, Pierce, Fenner & Beane; F. S.
Moseley & Co.; Paine, Webber, Jackson- &. Curtis; R. W.
jpressprich & Co.; E. H. Rollins & Sons, Inc., and " White,
Weld & Co.
'
"
•
bids, both naming
314%
a
qoupon,
were
are
dated Jan.
1,
1945; due Jan.
dated
to
indenture
passenger,
be
July
1934,
1,
dated
Jan.
.
1,
and
Feb.
1945.
1,
The
1936,
and
general
at the
became
for
.
,
the
.-
With produc¬
bonds,
ordered
study
added.
plans
voluble of
"
for
Series
,f>any, as
amounts
wotice,
F
whole,
a
will
Bonds
or
be
redeemable
at
the
option
in part other than for sinking fund
of
the
purposes
in
not
on
less
Jan.
than, $1,000,000
1, .1946,
or
Jan.
1,
1," 1963, at 104!/2^i
Jan.
1,
1958,
at
105%,
at
or
on
any
date
int.
any
time,
45
.
day's'
thereafter
to
and
incl.
thereafter
to
and
inch
one
int., date
on. any
upon
int. date thereafter to and incl.
or on any int. date thereafter to
and incl.
Jan. 1, 1983,. at principal amount plus a premium equal to
>4% for
each year or part thereof between the redemption date and July 1,
1983; or on any-interest :date after Jan. .1, 1983, at principal amount,
in each case with accrued interest, to the redemption date.
'
at'1047/
1968,
or
on
any
1943.
for
*
of Series
F
per
per
year.
1944
amounted
Renegotiation
additional
reserves
for
are
to
$453,646
Account
of
-
Bonds
will
be
redeemable
for
the
$11,830,520
goods sold—-
Oct.
and
'—'•■■■
7,512,988;
949,235
Operating profit
no
1942
First
$936,325
1,161
$937,486
-$349,992
Loss on dispos.
Miscellaneous
equal
and
interest
to
to
the
redemption
excess
of equip.
inc.
64,334
New
The
-Net
3,192
1,864
60,000
140,000
proceeds
to
be
received
by
the
Series F
company
bonds, together with additional
company,
will be deposited immediately
trustee
under
the
funds
from
to
the
sale
of
•
be
provided by the
with the Girard Trust Co.,
dated April 1, 1930, and will
company's indenture
applied by such trustee to the redemption on April 1, 1945, of
$50,000,000,
40-Year
454%
gold' debenture bonds issued and out¬
fee
_1-
Shares
>
of
■
period preceding acquisition.
by
other
companies.
The
as
Jjouisville, Ky.,
serving
Trenton,
N.
J.,
the Ohio River, to St. Louis, Mo., on the Mississippi
among others, the important industrial cities of
Harrisburg, Pittsburgh and Wilkes-Barre, Pa., Wheel¬
on
also,
ing, W. Va., Columbus, Dayton, Canton, Akron and Youngstown,. Ohio,
Indianapolis, South Bend, Terre Haute, Ft. Wayne and Logansport,
Ind., Grand Rapids and Kalamazoo, Mich., and Peoria, 111.
•
Assets—Cash
of
December
31,
1943,
the company had in, or available for,
service the following equipment,, including equipment, leased froni the
trustee of equipment trusts: 4,448 locomotives, including .287 electric
in
for
220,000
$0,54
less
banks
amortization,
Balance
and
on
Sheet, .Oct. .81, .1944
hand, $787,884; accounts receivable
$42,128), $1,610,623; inventories,
total,4 $5,674,670.
payable,
expenses,
(current),
$111,000;
accounts
$432,770; payments due under
payable,
total, $5,674,670.—V. 160, p.. 2759.
The
electric
ended
output
Jan.
6,
for
1945,
the
company
amounted
to
and
its
—
on
*-.
bonds
deposits
Federal
—
and State, taxes.
2.981,125,
2,385,000
154,182
;
26,617
47,700
22,081
-
...
♦
$3,007,550
-
2,385,000
168,902
——
1
withheld
47,700
,
683.310
■
$602,459
.
i 536,399
401.869
2,220,317
211,170
2,422,441
211,170
$12,531,738 $11,971,929
by
shares,
par
declared a dividend of $1 per share on the
stock/par $100, payable Jan. 25 to holders of record
like amount was made on April 25, July 25 and
25, 1944, and on April 26 a.nd Oct. 25, 1943.—v. 160, p. 1868. v
A payment of
Pursuant .to
•
,
.
order
made
Publicly-.
Dec.
19, 1944, by the. U, S. District
Court for the Western District of Pennsylvania, all of the publicly-held
Pittsburgh Terminal RR. & Coal Co. first mortgage 5% 40-year, sinking fund gold bonds, dated July 1, 1902, have been called for payment
an
en
the full face value thereof, with
interest therecn
to Feb. 1,
1945.
The Union Trust' Co. of Pittsburgh,
Pittsburgh, Pa., the necessary .funds;
to pay the principal of all of said bonds and interest thereon to Feb. 1,
1945. 'Immediate paymentwill be made upon presentation and sur¬
has: been
Avenue
render
of
and
deposited
Grand
the bonds.—V.
with
Street.
160.
p.
1022.
/
;
*
.
.
■
Co.—Special Offering.-^Shields -& Co.
successfully concluded, in 15 minutes, Jan. 10, a special
Plymouth Oil
offering of 20,000 shares of common stock (par $5) at $19
a
share, less 45 cents selling commission. ..Bids, were
received
made
on
received
for
a
a
total of .53^323
basis of 37 V2
through 42 firms,
'4,045 shares;
shares.
Allotments,were
A total of 146 orders
was
The largest allotment, was
the smallest, 40 shares:—V. 160,. p. 2652.
All of the $*1,188,500 outstanding
subsidiaries for the
134,990,000 kwh.,
of 2,569,000 kwh., or 1.9%, over the
corresponding week a
V. 161, p. 145.
•
•
Portland (Me.) RR.—To Redeem 3 Vz % Bonds—
Philadelphia Electric Co.—Weekly Output—
■
week
*
2.981,125
container
no
6.
Fifth
terrns of
compromise agreement, $20,107; reserve for Federal taxes on income
(net), $291,073; other current liabilities, $16,651; 4% note due Aug.
1, 1954, $889,000;' minority interest in subsidiary company, $5,213;
capital "stock
(par $1)
$220,000; capital surplus, $608,180;
earned
surplus, $2,276,869; treasury stock, 10.000 shares—at cost, Dr$81,080;
accrued
3,887
307.862
895,765'
Held 1st Mtge. 5% Bonds—
at
/
refund
$4,789;
Liabilities—Note'
$884,886;
*
$3,007,550
Pittsburgh/Terminal- Coal Corp.—To Redeem
220.000
$1.06
-
doubtful accounts of
post-war
-
preferred
Oct.
$234,633
33,000
$119,028
66,000;
of excess profits tax—estimated, $4,371;
cash surrender value of life -insurance; $17,492; Investment, $10,004:
prepaid expenses and deferred'icharges, $68,422; property, 'plant and
equipment (less reserve for depreciation), $1,399,285; patent at cost—
.
As
reserve
896,758
%
•
.
—
There
Michigan, to Detroit, Mich., Toledo, Sandusky, Cleveland and Ashtabula, Ohio, Erie, Pa., and Buffalo, N. Y., on Lake Erie, to Rochester
and Sodus Point, N. Y., on Lake Ontario, to
Cincinnati, Ohio, and
River,
220,000
$0.95
.
excise taxes,
1943, $134,588
in
1942 and $117,730 in 1941;
tlncluding depreciation of $4,886 in
1944. $2,772 in 1943, $2k783 in 1942 and $2,609 in 1941. ^Allocated to
(less
204,296
5,260
280,920
.
—r-
bonds_!
payable —
for
Jan.
deducting discounts, allowances and Federal
tlncluding depreciation of, $216,205 in 194'4, $154,573 in
$1,771,802;
—
surplus
6<;
^After
31,
principal lines operated by the
owner/lessee, or otherwise, are located between and' serve
the Eastern cities of New York, N. Y., Jersey
City, Newark and Cam¬
den, N. J., Philadelphia and Chester, Pa., Wilmington, Del., Balti¬
more, Md.> Norfolk, Va., and Washington, D. C., and extend therefrom
to Chicago,/111.,
Gary, and., and. Mackinaw City, Mich., on Lake
company
66,000
210,000
$1/96
outstanding —
Consolidated
Dec.
1943, the company operated 10,133 miles of first
track (including 671 miles of electrified lines), of which 2,866 miles
■were qwned,
6,813 miles were operated under lease or other form of
operating contract, and 454 miles were used under trackage rights
granted
$209,992
$412,661
standing.
As
.100,000
412,628,
' The directors on Dec.; 27
•
——
-—r-.
,
Earnings .per -shares
1,463,990
120,302 shares (no par value). -tRepresented by
iAfter deducing U: S. tax notes owned: 1944,
-$483,000; 1943, $425,000.—V. 159, p. 47. • /
.-v
76.000
-■
interest—117
Dividends
the
1943
$7,686,744
Pittsburgh Coal Co.—Preferred Dividend of $1—*
6,728
income
.
York
investments-
on
stock
interest
11.9.245
.
opinion of counsel for the company, the Series F bonds will
savings banks under the laws-of the States
and California, and for savings banks organized under
the general laws pf Pennsylvania.
legal Investments for
of
condi¬
These
—112,837
receivable..
mortgage
Total
*
•
; $317,927
3,775
3,519
In the
t>e
the
to
$7,314,458
—
Surplus by elim. of inter-co. stock ownership—
$317,927
$184,084
——._
453,646
profits tax etc.
Minority
necessary.
'
Earned
&
Profit of subs.—;
date.
plant would be
stock
Reserve
/
508,655
'
—
Z ;■>•;.
5
charges—
Fed.
for
Prov.
profit
1,085,402
•Represented
incl. Jan. 1, 1982, at principal amount plus a pre¬
147/ for each period of three years or part thereof
between the redemption date and Jan. 1, 1983, and on Jan. 1..1983,
and Jan. 1, 1984, at their principal
amount, in each case with accrued
mium
1930, but
$120j0Q0. The
$12,531,738 $11,971,929
/'Customer
$7,626,220
6,799,638
'451,041 %
2,848
—
net
a
v-.—rJ——J972.680
interest
Accrued
1941
'■'
$347,144 ': -$184,084
___%
income
cream
(Jess depreciation)
accounts
Federal tax
,
4,564-,214
583,683
income—
thereafter to
and
-tCommon
sinking
Total
over
been
has
deposit
100,000
obligations.—984,628
8.
Accounts
31
$8,443,815 ' $5,199,940
9,944,960
Miscellaneous
aggregating
1944,
Total
annum,
bonds.
31,
Consolidated Balance. Sheet, Oct. 31
1944
,
•^Preferred
,
Ended
1943-
tSell., gen. & adm. exp.
fund upon 45 days' previous notice on Jan. 1, 1946, and on
any Jan. 1, thereafter to and incl. Jan. 1, 1955, at 1021/2%
or at the
initial public offering price, whichever is higher, and on any Jan. ,1
sustained
Oct.
% ( Liabilities—
•
practically completed
been
Years
1944
Net sales
tCoSt
been
to
'Other assets
for all taxes based On"
compared with $140,000 in
provision
1943 has
required.
/v.
*
venture
Investments,
:
Income
together the personnel and obtaining
the prohibition era.. The Tech 5 Food
.
_
renegotiation—Total
,
sinking fund of $600,000
redemption
$100,000
and
Taxes
to
thereby utilizing • three
permit the company
1.675,553
Accrued
purpose.
than
income
payable only out of the net
income of the company, will be provided, to be applied to the purchase 1
■or
this
in
the
approximately $1,850,000 up to Oct. 31,
Inventories
•
.
Jan.
A
for
less
through
on
earned
and franchises
Notes
of $1,000,000 of 47£ 10-year notes issued by the company
These notes are to be retired at the rate of not
purchase
com-
carry
to
was
business,
storage
holding
plants,
remodeling the ice
.
plant expansion,, the directors authorized the company to enter into
a
contract with The Mutual Life Insurance Co. of New York' for tire
registered bonds to be interchangeable.
Interest payable January
July 1.
Girard Trust Co. and William R. Jones, trustees.
The
sold-to
was
incorporation
Cash
U.
and
1
Nov., 1920, and
Pittsburgh Brewing
incorporated
was
$700,000
and cold
cream
this
of
the
losses have
-Assets—•
!
$1,000. denom., regis terable as to principal, and fully registered bonds
in tienom. of $1,000, $5,000, or any multiple of $5,000; coupon .bonds
and
'
to
then
Plant
Additional ! Finanoingr-+The purchase of Carlisle Tire and, Rubber
Co. and Molded Materials, Inc., required an outlay of about $500,000.
To
finance these j acquisitions and to provide the above necessary
an aggregate principal amount of $60,000,000,
will be offered for sale to the public and $8,218,000 will be issued and sold to Pennsylvania RR. System companies
and funds, or .be Held in the company's treasury.
Coupon-bonds in
profits
Time
been
of-which
ice
of
tions and the fact that the sale loss would be largely offset by■> income
tax savings, were considered in negotiating for the sale of the plants.
arid
Series F, will be issued in
$51,782,000
company's
Co.
Pittsburgh Brewing Co. of $1,731,955 in addition to the rentals received
for the closed brewery realty.
In order to operate profitably in antici¬
pated post-war competition, it was estimated a large capital outlay
specifications
prepared involving an expenditure of about $600,000 to increase the
mill
room
capacity by addirig additional manufacturing space and
equipment. The program also Includes dipping equipment to properly
prepare both cotton and rayon fabric for tires. New and improved
tire
building machines arid considerable new mold equipment have
careful
a
the
of
issue
brewery
result
.
'
after
the
Products Co.
nearly 100% of GR-S (synthetic rubber) It
increase mixing and curing capacity to offset
longer time necessary to mix and cure the same
of
Products
purpose
since
products.'
Directors,
stock
The
enter
use
to
entire
/closed
and. camelback.
been completed for plant expansion in Newark whereby
on
Food
Co.
bicycle tires,
and
properties
Tech
,
purchased the controlling interest in
Co., manufacturer of inner tubes
company
were
the
'"
t
The
Tire and Rubber
truck
necessary
much
end
supplemental
mortgage
.
lining for auto¬
making brake lining
brake
molded
equipment
1944, a new organization was organized at Parkersburg,
(Pa.)
have
based
tion
general mortgage dated June 1. 1915, as supplemented by supplemental
indentures
makes
plant
adding
$he mixing, capiacity will be increased by nearly 40^.
To be issued under
1985.
1,
is
1944,
March,
Carlisle,
Plans
'
Bonds
This
Va., known as Paikersburg Products Co.]
In
United States,
$9.5799.
company
and
June 26,
fo(r
sale.
They were Equitable Bile Assurance Society of the
99.675, and Halsey, Stuart & Co., Inc., and associates,
competitive
Division.
trucks,
the
'
.
received
1944,
passenger, pars.
the
other
Two
January,
fOn
Dillon &
.
debenture
special
a
common
share.
a
com¬
.
Pa., as general
,
called
deben¬
new
issued, oral
instructions
to
Drexel
Co.. not to pay to Girard Trust Co.
any
cash provided by the plan of reorganization for distribution to holders
of certificates of deposit for the 5%
bonds,' due 1973, until after a
hearing has been held to determine whether Girard Trust Co.. ap¬
meeting of stockholders for
proposal of the directors that the company buy
has
The
of
addition,
Federal
Pere. Marquette Ry.—Carloadings—
Com¬
mission.
'
$1,000
•Bi-oadway,
entitled to vote at the meeting.
reissue
Pennsylvania RR.—Bonds Offered—A banking group
headed by KuhiyLoeb & Co. on Jan. 9 was awarded an
issue of $51,782,000 general mortgage 3Vs% bonds, series
F, on a bid of 100.609.
The bonds, dated Jan. 1, 1945,
and maturing Jan. 1, 1985, were reoffered to the public
at 101.68% and accrued interest.
Sale of these bonds is
Other members of the
to
shares
at
The
•
,y y ;y y:;.
18
100,948
Corp.—Respite Granted in Suit—
granted the corporation 60
days in which to
for rehearing in the Third Circuit
Court at Philadelphia on a decision rendered on Dec, 28, which re¬
versed the District Court's award of a judgment of $22,104,155 against
the Pennsylvania RR.
The extension will expire on March 1.—V. 161,
Judge
corporation
convertible 6 %■
In cash; $125 principal
shares
common
1, 1944 to March 3, 1944.
Payment will be made at Drexel & Co., 15th and
Philadelphia, "Pa. and at Central" Hanover Hank
145.
p.
12.5
and
t
amount
the appointment of Howard W.
Pennsylvania State Supreme Court
the
of
bonds
Jan.
$658,387,700.
announced
lo
judge
a
income
interest thereupon to Jan. 1, 1945.
payment of $22.50 per $1,000 principal" amount of
bonds will be made covering interest accruing for
the
first six months of 1944, and payment of $10.42 per $1,000 principal
is
company
of
of
each
In
every year
Shares at $24 per Share—
'
,
:-
amount of 20-year
1949 will be paid $76
1,
refunding
Peoples Drug Stores, Inc.—Plans Purchase of 100,948
■
160,
company;
$1,000 principal
due March
..Legal prohibitions
*
Sales —:
new
principal amoupt of general mortgage 4%: jjonds
due Jan.
1, 1997 of Reading Co. and The Philadelphia <fc Reading
Coal" &i Iron Co. .will be paid $1;250 in cash plus payment in cash
(J. C.) Penney Co—December Sales—
—V.
fund
each
bonds
For
has
the Court of Common Pleas of Washington County,
and
1944—Month—1943
mortgage
of/refunding
$1,Q00
pany;
not been assumed
companies, $101^280,577 are
value
par
paid to the shareholders in
Hughes,
and on July
Period End. Dec. 31—
the
amount
-New Solicitor Named—
the usual semi-annual dividend
and
•
of this company are being notified
for the reorganizatiori of the corpothe following settlements which will
of bonds
proceedings
has, approved
presentation of the bonds:
:
original principal amount
upon
each
For
13,167,754 shares
A cash return
since 1847. Duririg the
past ten years, including the current year/the company paid the fol¬
lowing dividends per share to its shareholders:. 1935, $0.50; 1936, $2.00;
xy37, $1.25; 1838, $0.50; 1939, $1.00; 1940, $1.50; 1941, $2.00; 1942,
$2.50; 1943, $2.50; 1944, $2,50.
Penn Traffic Co.—Year-End Dividend—
The directors on Dec.
in
(par $50)
has been
accrued interest to Feb. 1, 1945, upon presentation at
Illinois National Bank & "Trust Co., trus¬
Salle*St., Chicago, 111.
Court
gold bonds due Jan. 1, 1973 will be paid $165 in
$270 principal amount of income bonds; and 27,common shares
ture
and severally with other railroad
the company and various affiliated companies and funds in
the,Pennsylvania Railroad System.
;
the office of the Continental
tee, 231'South'La
of
issues
result of
sinking
/cash;
owned* by
1953, .at 102 and interest, it is announced that the said
be accepted and paid at any time at the full redemption
price including
made
/.
three
of
a
the
For
5%
1944, has assumed contingent liability
guarantor or otherwise, in respect
obligations,, issued 'by companies owning railroad
jointly
the call for redemption on Feb. 1,- neoct, of all
sinking fund 5# gold bonds/series A,
connection w.ith
/
'
of the outstanding-first mortgage
May
be
:
endorsement as
assumed jointly, and severally with other railroad companies.
v
♦Pcabody Coal Co.—Prepayment Offer—
;In
as
ration,
:
of Sept. 30,
as
by
or
principal
obligations
due
Holders
tjhat
properties essential to the operation of the-company's railroad: system
and in which the company has an interest, aggregating $548,562,577.
Such liability, in respect of* $165,167,000 of such obligations has been
satisfies "less" than
civilians
lease,
the
of
for
pens
organization—
*
The company,
above
8.8%
'
the basis of unfilled orders
on
production
of the demand.
10'/«
is
currently
requirements.
contract
munitions
away from
to edge
us
from any other munitions we produce.until
munitions is substantially decreased, or more
program,
requirement
induce
could
Philadelphia & Reading Goal & Iron Co.—Distributions
Authorized to Bondholders by Court Under Plan of 5 Re¬
5,068 units of work equipment; .and 338 units of floating equipment.
^
company's total investment In transportation property; as of
Sept; 30, 1944, was $1,589,893,456, and its investments in. affiliated
companies and other investments amounted to $716,775,394.
'Such
investments, together with investments in special reserve funds, miscel¬
laneous: physical property and other investment items totalled $2,317,694;850." The bonded debt of the company as of the same datd was
$568,504,978 and the amount of equipment trust certificates outstand¬
ing, issued by the trustee of equipment, trusts, the principal of and
dividends on which are payable out of rent paid by the company for
the use of the equipment, was $84,274,000.
y,%yy y
S: The
continue restrictions on its civilian output in spite of
order removing limitations on the manufacture of fountain
it was-recently announced by Kenneth Parker, President. The
company, which has-had-a part in the development of rocket missiles,
manufactures- rocket-fuses and other war material for the Army and
to
units of passenger equipment; 225,331 freight cars;
5,605
Monday, January 15, 1945
■
an
increase
year
bonds,
100
1st consolidated mtge. '3V2%
ago.—
:
gold
due *1951, have been called for redemption on July 1, 1945, at
int.
Payment will be made at National Bank of Commerce
and
(Continued on page .246)
,
.
>
Volume 161
::-THE
Number 4351
COMMERCIAL & FINANCIAL CHRONICLE
213
United States Government Securities on the New York Stock Exchange
Below
furnish
we
daily record of the transactions in Treasury and Home
a
Figures after decimal point represent one or more
week.
Jan. 9
>
Jan.10
Owners' Loan
Jan. H
Daily Record of
Jan.12
U.
8.
Total sales
[Close
3
1
[Close
C
(High
2KS, 1952-55—
J
—
Total sales in $1,000 units
111.4
[High
(High
2 Vis, 1954-56
111.4
Low
Total sales in
8
units—
112.31
112.31
{ Low
[Close
113.9
113.9
(High
2Vis
10
10
Total sales in $1,000 units
1956-59
101.1
{ Low
[Close
-
101.1
2
High
[High
2s,
1947——————;
Low
■
Close
[Close
Total sales
Total sales in $1,000 units—
*
In
$1,000 units
r
I High
1
-
[High
—j Low
2s, March
1948-50
l-ow
[Close
[Close
•
(High
-
(High
2s, Dec. 1948-50
—j Low
[
Total sales in $1,000 units
112.10
(Hign
[close
112.10
[Close
Total Bales in $1,000 units
1
units
A/
[Hign
2s,
| L°w
—
j Low
Sa,
Total
10
1950-1952
{ Low
[Close
2s,
——{Low
[Close
Sept.,
$1,000 units
(High
{ Low
(Close
1950-1952
Total sales in $1,000 units
Total sales in $1,000 units-.
107.4
[Low
—
107.4
Total sales in $1,000 units
;
Total sales
4
—
[High
in
\\
v
•
A
6
(High
1981-55—————j .Low
2t>'
(Close
Close
Total sales in $1,000 units
•
■a';'
Total sales
Total sales in $1,000 units
,,
Total sales
Total sales in $1,000 units
:
(High
(Close
\ Low
100.22
Total
1
t High
100.16
100.16
100.15
100.16
100.16
100.16
10
100.16
50
100.16
8
100.16
42
1
|High
In $1,000
units
100.20
in $1,000 units
sales
100:20
LoW
| Close
100.16
100.13
1948—{ Low
[Close
1%S
100.22
units—
100.15
{Low
[Close
—
100.22
(Close
100.15
100.13
(High
(High
Total sales in $1,000 units—
-
Home
Loan
Owners
100.20
High
Low
1%S, 1945-1947
—
(High
100.20
100.24
100.21
100.25
{ Low
2Vis, Dec., 1964-1969
/: 17
100.13
Low
—J
$1,000 units
/
1953-55—
Total sales
units
{
in
V'
2s
[ t-OW
2Vis, June, 1964-1969
100.18
(Close
Low
[Close
1963-1968
100.20
100.18
units
1952-54—
2s, Dec.,
SVfes, 1956-58———————[
1KB, 1962-67.-,
in $1,000
[High
f High
■
(High
j Low
(Close
'
2s, June, 1952-54-^.-—-—
{ Low
—
[Close
Total sales In $1,000
100.29
$1,000 units
-
[High
IKS,
100.29
(High
Total sales in $1,000 units
Total sales in $1,000
100.29
{ Low
[Close
,
2s, 1951-1953—-——
:
107.4
[Close
V,
—
'
(High
1Kb, 1952-54—m.
Low
[Close
sales In $1,000 units
Total sales in
f High
SVfas. 1949-53-
Hign
\
■
(High
[Close
*
1
March,
2s,
Total sales in $1,000 units———-
1948—
units
1949-1951.;
'
•
[High
2%0»
\
113.11
——) Low
1945——
Dec.,
'
units—
Total sales to $1,000
In $1,000
r
113.11
(Close
2%s,
[High
{ Low
—
113.11
I Hign
2%S, 1960-65
1949-1951—.
Total sales
Total sales in $1,000 unitsv.
Sept.,
(Close
[Close.
»
[ High
_■! Low
2s, June, 1949-51
112.10
—.—\ Low
2%s, 1958-63
Low
[Close
[Close
Total sales in $1,000 units-—
Total sales in $1,000
-
Total sales in $1,000 units-
Total sales in $1,000 units-—
2%S, 1956-59—
101.1
Total sales in $1,000 units
\ Low
2%8, 1945-47
[Close
$1,000 units—
113.9
112.31
[High
.
{ Low
111.4
[Close
2%s, 1955-60-——
Low
[Close
[Close
Total sales In $1,000 units———
:
-—1
[High
,
3S, 1946-48-^—-^—Low
2%S, 1951-54
100.30
Total sales in 41,000 units—
,
—
100.30
(High
| Low
:
8Vis, 1951-53
Low
[Close
2%S, 1948-51-
1
[High
| Low
units
.
\
Total sales In $1,000
100.21
100.30
[Close
Total sales In $1,000 units
3s, 1951-55—
100.21
[Close
•
| High
ViS, 1949-52
100.21
$1,000 units————
Total sales in $1,000
,
1
(High
...
2Vis, 1967-72
\ Low
$1^000 units
:
100.22
100.22
'<
[High
3%s, 1946-49
in
Jan.12
100.22
1
^
8
Jan.11
100.19
Vis, 1966-71
103.25
Total sales In $1,000 units
Jan. 10
•
Low
i
2
:
100.19
$1,000 units
103.25
103.25
{ LOW
[Close
S%«, 1946-56-
Total 'sales In
in
_
[High
Jan. 9
100.19
{ Low
[Close
Total sales
units
Jan. 8
fHigb
[Close
Total sales In $1,000
Jan.6
Frioes
Bond
Treasury
2 Vis
1965-70
\ Low
1947-52
bonds on the New York Stock Exchange during the current
coupon
point.
a
[ High
Treasury
4 Kb,
Jan. 8
Jan. 6
Daily Record of U. 8. Bond Frioe*
32d of
100.20
100.24
100.21
100.25
100.20
100.24
100.21
100.25
[Close
Total sales
*Odd
2
2
5
Total sales in $1,000 units—
Close
in
$1,000 units
I
lot sales.
NEW YORK STOCK RECORD
LOW AND
Jan. 8
-Jan. 6
WednBsday
Jan. 9
Jan.10
;
*62
63%
62%
62%
*111%
112%
♦111%
112%
65%
*62 %
65%
*62%
10'/a
ny4
63
*111%
*62 Va
11 Va
*62
10
10%
77% '77%
14% i 14%
'
A *75
*32% .'33%
♦23
'23%
40%
♦97
>
4Q%,
100
6%'
6%
♦175
176
1
1 per share
S per share
$ per share
62V4
♦111%
112%
*62%
66
11
11%
*73%
75 .V*
61%
♦111%
66
74%
65%
*60
11%
11
11%
75
.
14%
23
40%
14%
15
14%
34
*331/4
34
*32%
34
♦32%
*23
23%
22%
23
22%
14%
41
4iy4
6%
6%
6%
176
176
41%
100
6%
7%
176
179
*176
•
40%
-
100
♦97
100
*98
14%
41%
41%
100
♦101
71/a
6%
176
t
f}
500
♦176
76%
.
-
*74%
77
33.300
,
700
180
41%
41%
102
•98
71/a
67/8
♦176
181
380
33.000
60
3 1/4
3%
3%
3>/a
3%
3i/a
62.400
391/2
40%
38%
401/a
391/8
40%
38%
39%
26.600
61%
62
61
61%
60%
61%
60
60%
2.200
29
29
29
291/4
29%
29'%
28%
29%
29%
29%
29%
29%
23.400
*90
95
*91%
94
91
91
*14
13%
13%
156'4
17'/2
*32%
32%
For
footnotes
14
14%
13%
141/4
13%
.1581/4
17
17
17
17
,.17
32%
32%
32%
32%
32%
♦13%
159
17
157%
see
157i%
page
223.
,
158 %
1591/2
/.
33
157
-
Acme Steel
Adams
14%
159
3
*91
94
14
*13%
*158%
17%
17%
17%
25
32%
33%
321/4
500
Express
Adams-Millis
Alaska
&
l
No
Corp.,
Reduction
Alabama
-
No
Inc
Gold
5%%
pf A with $30
$2.50 prior conv
war
Allied
Allied Kid Co
32%
4.700
Chemical
&
..Allied Mills Co Inc
66
Nov
115ya
Sep
35%
Tan
Jan
13
25 %
Feb
14%
•
Jan
41%
7%
3
14
Dec 15
33
Dec 30
24% Oct 18
Nov
63 % Mar
Jan
32% July
21% Mar
52
:
July
57 y8
"jSep
Apr
371/4 May 18
43
July 15
38%° Jan
48%
Jan
13
100
Dec 26
67
Jan.
76%
Sep
5% Apr
18
7% July l3
181
Nov 21
Jan
7%
Apr
Jan
128%
Dec
100
1
„100
No par
100
1
Dye
3
108
12
64
Dec 13
10% Dec
2
Highest
t per share
75
10
Allen Industries Inc
2,300
2,100
Jan
10% Jan 27
26% Jan 31
19i/2Jah
6
Jun
Jan
par
preferred-No par
Alghny Lud Stl Corp
Alleg & .West Ry 6% gtd
53
114
51%
100
Min
Albany & Susquehanna RR
Allegheny Corp
•
Par
—10 A.
Vicksburg Ry
Juneau
17%
160.
-
20
2.50
Co
Air
7
40%
*16%
47
Jan 24
8'/a Aug
8
Co—U
7,900'.
41%
62%
156 V4
108 '/a Nov 21
Motors
Address-Mutigr Cerp
3 %
*91
100
No par
ACF-Brill
1.100
62 Va
93%
64 Va Jun 23
23%
38%
♦91
$ per share
11.100.;
3%
94
I per share
52 % Feb 21
Par
V200 "i
105
Lowes tv
# per share
No par
;,
t
14%
*22%
Year 1943
Highest
Abbott Laboratories
34%
62
•
Lowest
14%
23%
Range for Year 1944
STOCK
34
38%
3
*
14%
61%
31/4
v
34
38%
3
'
631%
11%
23%
14%
*32%
61%
113
NEW YORK
AEXCHANGE
4% preferred
Abraham & Straus
'
61%
62
*111% 113
*62%
11%
Shares
t per share
t per share
for
the Week
Jan.12
Jan.11
>
Sales
Friday
Thursday
'per share
♦61%
/V
1121/2
75
77
STOCKS
HIGH SALE PRICES
Tuesday
Monday
Saturday
No
par
5
No par
124
Jan
3
Mar 29
2
23% Jan
3
37
Jan
4
24% Apr 19
70
Jan 21
9 V4 Jan
3
3%
85
3% Dec 16
38
& Jaa
Dec 20
Dec
7
29% July 5
91
Dec 20
15% Oct
7
157
Dec 16
5y8
13
62
-
32 y4
45%
Sep
Jan
31% July
64
Jan
75
7
Jan
140%
Jan
8
10%
Jan
29 '
35 y4 Mar 27
A16%
Jan
Aug 15
Sep
18%
16% Feb
Apr 26
3% July
Jan
.Jan
13% Mar 18
141
Jun
11%
165
May
Jun
July
14% May
37% Noy
Monday, January 15, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
214
Jan. 8
Jan. 0
*101%
115%
115%
23%
23
2374
24
116
115'A
24
23'A
4 7o
2.000
'2,500
.
'
44
43%
*42
44
4
4'A
*43
44%
116%
2974
2974
30
29%
29%
30
45
45
45%
44%
45%
44%
4474
44%
21%
22
22'%
21%
22%
2174
23
2274
73%
18%
*72'A
73
72
Amerada
Amer
44'A
7,900
American
Airlines
2274
6,500
American
biniK
9
73 %
17%
18'%.
17%
17%
46
46
135
135
12
12
11%
17%
,
-
184
39%
39%
40%
97%
97%
96
98%
27%
27 V2
27%
27%
125%
125
.
19
*107%
33%
3%
14%
14%
19'%
33%
*
28 %
2%
2
21%
21%
<
5%
50
*47
69%
*6%
*47
270
98%
1.1,100
277a
2774
•'•277a
27%
1 4,000
113%
*111%
113%
12474
12474
%
2774
*111
113
•
124
124
12474
1474
1974
14%
18%
14
1874
109%
33'A
3474
20
•
27 %
6
1
27%
2774
2%
274
98%
*49%
99
22%
22'/,
93'4
94
93%
41%
4174
42
41%
41%
574
574
6 7
5%
5%
50
4874
7074
7074
5%
*47
70
707 a
X;.»: 674
6%
4974
5374
t
71
X70 Va
70%
7%
71%
6%
6%
*70
9%
974
974
974
9%
9%
9%
9%
8
8%
8%
8 74
874
8%
8%
8
8
49%
*49 Va
27%
287a
W 27 %
108%
;;
108 7A
:: 49%
:
22%
13 %
26%
*42%
2%
50
50
50
50
*49%
20
r
22%
22
29%
22%
14%
14
1474
14%
14%
14 Vo
25
%
2574
26%
*129%
131
131
131
77%
77%
*18%
*18
65%
677 a
65'/a
6574
65%
65%
65%
66'/a
61 %•
5974
60%
60
60%
60%
61
12.700
12%
1174
12
11%
12'%
179%
1674
66%
15 %
8%
*100 Vo
'9
5%
*60%
54%
Dec
4'A
Jun
No
17
182
180
*179
.
17%
36.400
12%
12
i
/
17%
17
preferred
preferred
;
Rad & Stand
Am
■
10
73.100
American
Preferred
San'y
American
18%
18%
18%
18
18
18 Vs
13%
18%
18 Vs
American
Seating
166
X--:.'
44'%
156
v
43%
37 Va
,
37
38%
38%
39
1.350
43 74
43
43%
42%
43
15.600
Amer
167
43%
*152%
43 Va
29
18
18
18'/a
52%
52%
130
30%
■7
,
163%
164%
15%
6674
67%
1474
4874
*11874
119
119
32'A
163%
66%
67%
68
6774
149%
349
4874
48%
•"48%
119"%'
52
164 V4
149
15 74
4974
48%
119
'119
9
8%
8%
874
8%
100%
100'/a
10074
*100%
100%
9%
9%
1074
1074
11%
11174
111%
113%
109
109
5%
574
6
1^
•
44
18'/a
129%
32%
16374
164%
68
67%
147%. 149
1574
14%
"67
147'%
800
18
23
237a
American
1.700
American
Stove
3,000
American Sugar
J
2374
/,
52%
51%
1293A
128'%
128%
800
32%
33 %
3,000
33
52
16374
164%
677V;
677a
.68%
67 Va
6774
14974
149%
5.100
6%
;
9.ar>o
15%
14%
14%
49%
X4874
*117%
119
9%
9
9%
99%
100%
>99
100 Va
500
12%
11
1174
70.500
113%
V 6.100
114
674
113'/a
116
5%
63%
6474
6
Wks
Woolen
75,500
Anaconda
1,610
Anaconda
Wire
13%
13%
14'/a
4%
4%
4%
4%
*53%
53%
7%
7
*112
113'/a
*112
113%
141%
V»
14
5
14%
1474
574
53 %
55
*112
113 %
V4
5'/a
14%-::
5
*54'A
5574
7 74
7'A
*112
5%
5
5
55
55
55
Andes
A
?
77%
7%
7%
1,300
4,200
1474
1474
115
116
120
119
120
10474
105%
111%
110%
110%
15,600
4574
45'A
45%
45%
45'A
2,900
*113
115
115
115
114%
114%
*102%
103
103
103%
103%
103%
104
45%
44%
45%
*
410
*11%
11%
*11%
11%
11 Va
11%.
*11'/a
11%
11 %
11%
10%
10'%
10%
10%
10%
10 Va
1074
1074
10'/a
10%
10%
18%
18%
19
187a
19
18%
1874
1874
18%
1874
1874
*110
112
112
112
44'%
112
v
*106
114
115
112%
112
*43
1077a
44%
*43
*106
44 % y
*43
107%
115
115
115
115
*43
*106'%
V
10774
*106
11%
11%
;:
V/e
250
112%
170
45%
*44
84
83%
103%
103%
54%
54%
54
5474
5474
5574
53%
55%
17,200
38
38
38
38%
38
%
38%
3774
3774
37
37'A
37%
37%
.32%
*112
*112
113%
16
•57%
57'%
161%
;18%
3374
112
15%
*57%
57%
60%
62
61
33
112
112
15%
16 %
103
75
74%
3374
3374
33%
*112
11274
15%
16
116'%
*116
19'%
*19
19%
18%
17%
6 Va
6'%
•"*
81
17'%
62%
62
116 %
116
20
26'A
,
.
•
12'4
82%
18
6%
116'/2
20
11%
116 74
*116
20%
21
1174
1274
30
116
•
4%
Atlas
-
'
5 %
conv
Atlas Tack
Austin
1.250
$5
80
80
80'A
81
•> 17%
18%
1774
18 %
15.400
674
6%
6%
6%
112.500
26%
26%
27 Vo
26%
27'/8
26%
14'/a
13%
14
6
69% July
8% Jan
15% Apr
18% Sep 30
7
19 Va Dec
18
12%
Jan
37% Dec
f 9
25
Dec
32% Mar
43 % July 10
165% Dec 29
*; 36
Dec
47%
36Va Jan
147
Jan
13
3
13
Apr
144%
Feb
f61
Aug
5
35%
Jan
45
Apr
9
45% Dec
Nov
10
152% Dec
19
141%
Oct
151% Aug
22% Jun
10
28% Dec
12
19%
Jan
29% May
Jan
20
J 9%
39% May
146
15
16% Jan
25% Dec
3''"'
16
11% Mar
July 20
Dec
Jan
12
14
17% July
Jun
Aug
39
17%
Jan
33
Dec
22
91
Jan
115
26% May 17
31% Jun
16
21%
Jan
6
166% Dec
13
127'A
Jan
158% July
7 75
July 14
42%
Jan
63% July
75
July 11
6
43 Va
Jan
65% July
'129%
Jan
146% July
6%
Jan
11
56
Dec
Jan
7
132
156
Jan
56% Jan
3
57% Jan
3
Jan
7
132% July
8% Jan
3
15% Dec
20
39% Apr
19
Jun
28
139
116% Apr 26
6% Jan
84% Jan
10
6 % Jan
49
67% Jan
3
Aug
12% July
49%
Sep
121% Aug
Jan
9
May
10 % Aug
12
3%
Jan
Nov
23
53%
Jan
9% Dec
3
par
32%
Jan
32
115%
12P Va July 11
3
par
13
3%
Jan
8% July
13
55'A
Jan
79% July
100
Dec
107
88%
7%
Nov
Apr
Jan
3
5
3%
Nov
Feb
16
65
Dec
10
42%
Jan
54% Mar
24% Jan
44
6 Va July
31%
29%
23'/a July
111%
Jan
8%
Dec
1V4
par
par
par
112
;' Nov 17
9% Jan
;;
2
Jan
14% Dec
10
2% Jan
28% July 20
117% May 27
3
42
6% July
14%
Apr
Jan
3%
Feb
Jan
47%
Sep
5
3
Jan
6%
Sep
9
46
Jan
4% Apr
19
9
107% Dec
Jan
3
:i9
Jan
1
49
35 % Apr
18
46% Jun
28
30
<••
9% Feb
17
par
8% Jan
3
1
12% Jan
4
19% Dec
19
100
90
Jan
3
113
Dec
30
85% Jan
3
113% Nov
100
100..
100
100
RR
84
De<
40%
Jun
Jan
10%
Jun
4%
Jan
Jun
Jan
15%
Jun
Jan
97% July
59
.
10%
6»A
72%
,:
Jan
94% July
6
29
Jan
39%
Oct
19
108 % Nov
17
100
Jan
108%
Nov
3
83% Dec
20
44%
Jan
7
106% Dec
11
66
Jan
90 Va July
25% Jan
3
Dec
20
24%
Nov
38
Jan
82
45% Sep
May 19
Feb
24% Jan
14
18
25
Jan
67% July
May
38% Nov
7
107% Feb
55
15
100
pref series A
Jan
Jan
53 % Jan
33
100
25
preferred-
Sep
103% Jan
59% Jun
1
—
75
6%
27
No par
Apr
Mar
34
<
Jun
T 74 % Jan
83
116
Apr
16
12
4% Aug 30
57
17% July 10
13% Juri 28
5
3
19
36%
Oct
Nov
29
44
Jan
68
Oct
18%
Jan
28% May
76
32% May 17
114
Oct
9
106
Mar
113%
Sep
5
11% Jan
3
17% Dec
7
0%
Jan
13% May
53% Jan
7
57'/a Oct
2
50%
Jan
57
50
.No par
52% Apr
19
Jun
12
52
Jan
113
Jan
100
No par
preferred
Corp
No
Nichols
prior A
Co.—
(The)
112
62
120% Aug 14
May 26
20
■14% Mar 31
Dec
22
7
Jan
25
13% May
8
66
Apr
19
84% Mav
9
.^5c
14% Dec
3% Jan
Sop
68% July
123
Jun
16
Dec
7 Va
Jan
2%
Jan
9% Aug
28%
>
Jan
85'A Aug
15% Nov 28
7
3
.
...
of Del
Corp
par
No po.r#
—
Autocar
Aviation
May
13% Feb 21
26% Jan
100
Line
18
Oct
Jan
Corp
Powder..———
5.900
1874
16% July
Jan
Jan
preferred—
1,200
80%
Jan
Nov
No
SS Lines
I
conv
Corp:
6%
1174
674
10 Va
54
'
20%
1774
17% July 10
77% Dec 11
16 '/a
Refining
11%
12%
22
173
Feb
24
preferred—
20%
21
6%
*80
y
960
5774
62%
81
6%
62%
57%
62
17%
18%
25%
79
.17%
*56%
57%
154
Feb
No par ■■■:"
Co
non-cum
Atlas
400
60%
Jun
24 Va
No
Coast
Atlantic
5,800
57%
Oct
11%
30
preferred
As W
G
5%
50
16
61
11%
12
6%
11%
.78%
11%
79%
Wo
112%
-
57
5774
116 Va
Atl
13,700
.
45%
Jan
30
...
200
157 a
16'/a
2d
Atlantic
1,000
3374
33 %
*112
112%
•!
75 '/a
*73
7474
'
*116
116%
*116
33
*7474
74%
16%
*57
62
74%
113%
15%
,15%'
84%
8574
10374
33%
32%
32%
83%
10274
79
*74'%
79
*73
104
•
84%
104%
83 %
84
103'%
Jan
6 Va
39 ;•'•• Dec
preferred.......—
Atch Topeka & Santa Fe
5%
preferred
1,800
55
103'%
16%
27% Dec
5%
18,000
85'/a
103%
54
82
82%
103%
Jan
Oct
29
29
.......5
Assoc Investment Co
54
81%
3
12% Aug 2,1
180
Aug 14
14
7
Goods
Dry
1st
7 %
20
53%
*103%
60% Dec
Feb
Jan
24
No
Corp
6V<?
.
45 Va
106
106
48%
111
...100
Cork
Constable
Associated
116 Va
Jan
26
preferred
Armstrong
Artloom
112'/2
18%
9
par
20
5
Illinois
of
Co
7,600
112
107
&
4,400
*115
115
Jan
29
3 Va Aug
Jan
No
Midl'd
Daniels
Arnold
700
103A
*18%
Corp
>7, $6 conv prior preferred
■
4474
*0
66 % Dec
6
40
163
4'A May
10
21i
Jan
Mining
Paper Co Inc
Armour
110,200
7
115
Jun
20
Copper
W
P
Archer
800
7%
Oct
2
44% Feb
par
^.50
Cable
&
Glass
div preferred..
$5
113%
113%
1474
Hock
Anchor
ii 4,100
25%
Nov
36
25
Copper Mining.
40'/a
25%
Apr
125%
Jan
2 12.50
3374
3974
2574
27 '/8
Jan
x26
No par
32%
2574
Jan
116'A
21
1
42
2574
20'A
31
par
...25
preferred
$5 prior conv
33%
25'/a
15
Oct
Dec
par
100
Preferred
41'A
25 74
Dec
43
13% Jan
No
33
,
26
130
3
No par
preferred.
42
25
15
3
No
Elec
&
33
25
Feb
20
62% Jan
100
17% May
115% Feb 18
Jan 21
32
12'/a Jan
Amer Zinc Lead & Smelt
1.600
•
par
..100
41%
4:%
!
Jun
'
1st
$6
American
20.000
6 Va
6474
6 ,"y
k
Water
Am
52.600
8 74
W
64%
*13 %
,
Sep
Jun
10
—„14
preferred...
5%
800
12%
J.
Type Foundries Inc
American Viscose Corp
9,500
Oct
10'/8
—.25
Amer
49%
119
47
15'/a
12% July
16
4
100
i
31 %
44%
Nov
Sep
Feb
Feb
—————100
preferred
42 %
107%
Jan
7%
7%
8% Jan
25
class B
Common
1.670
31%
112
39%
•
Jan
100
41
*43
Jan
7%
par
50
100
30%
*106
5»A
12'A
No
40
*110
10
5
Tobacco
American
1.900
.
9% Aug
9 '/a May
15
Telep Si Teleg Co
Amer
v
6874
150
64
115
May
Jan
24'/a Dec
;
30%
115
5
66%
Jan
4%
29
Refining
Tobacco:
Sumatra
30'%
*114
Jan
37'A
7
14% Feb
No
Co...
39 -r
•
2
5
82%
-No par
Preferred
Am
19.300
164
12
46
25
Stores—
62
45%
May
68 % Nov
No
30%
45 %
70
15
—
Foundries
38 %
45%
Jan
Apr
13
—
preferred
nou-cum
Steel
Amer
3.800
63
7%
Jun
Jun
100
18'/a
-X
9% July
6'/a Jan
No par
No par
American Snuff
6%
63
7%
40%
18
25"
18.50
Smelting & Refg
46.300
6
7
19
Jan
53%
23
7% Aug
79% Dec
10
Apr
35
28 V8 Dec
111% Dec
No
Co..
30'A
29%
V
63
53%
Jan
4%
4
Preferred
200
& *152'% 156
y
30'A
23%
52'%
3174
44
f
167
44%
156
17%
130
130
3174
67
67
66%
52'
53
130%
167
167
2974
23%
*23
23%
23
30%
*152'/a
2974
17%
130'%
441%
156
29%
:
conv
Ship Building Co
Amer
29
23%
900
16674
166
136
y,
377:-
*36
42%
4374
*152%
;
28%
53%
Jan
36%
4
Safety Razor
*53
76% Oct
'
Jun
Feb
Jan
2%
9
7'/.i Apr
—160
preferred.
4%%
1.900
*112
4
61
25
3,550
5%
113%
Mar 27
Nov
46
78%
10
100
38%
*112
30
18
Jan
Jan
...
20
25
29
6% Aug
5-
14% Feb
Rolling Mill
81%
■
*61'/a
25
40% Dec
3
'
30
24 Va
19
65
Nu par
No par
No par
No par
Light.
20
107%
5%
63
39
80% Jan
No
Co—
News
>/, 80
8%
107%
13
par
—100
19%
9
94 % Dec
39% Mar 31
—50
...No
81%
100'%
8%
101
8
—100
preferred
$5
v
..y
Jun
July
26
Jan
!
Power &
May
87%
5
par
No
preferred
$6
9
Jan
v Apr
3% Jan
109
5% conv preferred
American Locomotive—.
American
Apr
29% May
Jan
25% Apr
Corp..
—No par
Co of 111
1
19%
48%
5
10
Invest
79%
*119
1%
46 Va
5% Mar 16
Jun
10
.22%. Nov
Mar 22
29
102
Jan
Jan
15% Jan
1
2-2
1974
15'%
15 !'4
33
preferred
7974
66%
10
10
Products
Ice
27
19
'
—.—50
preferred..
11% Dec
26
Jan
59
1%
6%
4% Aug 17
6
25
Jan
68
Leather......— 1
&
Apr
1% Oct
23
No pur
-
19 74
146
8
15
Aug 18
20% Dec
7
Mar 10
2% Mar
>/
No par
No par
No par
78%
66%
66%
146
9%
107%
Dec
19%
164'%
164%
119
119
42'/a
79 Va
30 %
48%
48
Feb
Jun
16
18%
*130
66
66
145%
18%
36% Dec
Interttat
Amer
11% May
14
78%
52%
53
112% May
21% Sep
18%
17% >18%
30%
116% July
Feb
100
Co
78%
165 74
164 %
12%
*179
16%
I6V3
16%
16%
12
17974
182
*179%
182
165%
130%
Nov
96
104%
conv
American
13.400
59%
42%
52%
820
14.800
60%
42%
130%
?
Apr
107
29
Jan
14
No par
66%
42%
*29%
115% July 24
131 Vs Nov
Jun
July
Dec
Ltd.:
2%
22%
24%
45%
Jan
Metals Co
43%
41
22%
Jan
6%
6%
2%
41
22%
80
18%
13%
Amer
;
42%
40%
18
5
Nov
97%
so
•
26%
131
*129%
2%
37
17%
10% Jan
Jan
59%
27% July 15
1
24 %
30
6
5.600
14'A
14
26%
26%
131
42%
28
168
42% July 14
Aug
107 % Dec
10.100
14%
26%
2%
44%
14
134
99% Dec
•
18
No par
42%
*152'/a
183 % Nov
: Nov
10
Fdv Co
2%
36%
27%
1
108% Feb
—10
Metais
42%
30%
44 %
107
par
&
274
37
156
Jan
&
42%
*35%
27%
185% July
Mach
274
166
Nov
Mach
4274
'
166%
91% July
—100
18%
18%
-
Jan
Mar
23
No
18%
■
9% May
71%
82
26
77%
19%
Jan
Amer
2%
;
Jan
3%
Amer
42'%
16
27%
127%
14,800
2%
*179
15%
18
25
July 12
95% July 13
j 1,000
64 '/a
182
Oct
Sep
14
22 V4
42%
12%
46
133
21%
;
43% July
14
7
Hide
American,
j
Jan
Apr
12
7%
59'%
'
12
15%
*43%
22%
*l29Va
27,700
Dec
Nov
9%
Jan
May 12
par
.No
Inc
Foreign Power
Amer
Jan
37% Jan
109 '/a
2%
2%
64%
*152%
26%
131
28
27%
18%
61
Jan
4'/a
126% Apr
108%
109
42%
43
59%
163%
28%
108%
22
26%
26
131
58%
*179
108%
27%
:
28%
109
22%
13%
13%
26%
63%
11%
109
22
22i%
131
*130
>27%
*108%
108%
*108
8%
47
par
4
Amtrican Home
i 1,000
50
6
"
9%
.
July
101% Feb
6%non-cun._
8
27
27
18
preferred
6%
2,600
>
Sep
stamped..
20
Encaustic Tiling..—_.l
American
71%
9%
*49 '/a
19% Jun
■American Hawaiian SS Co
400
9%
50
3
15
preferred.
$6
I 4,200
*70
'
Jun
34
26
734 Jan
68% Jan
$7.2d preferred A-
9,100
*50
■.'& 7
7 V*
73
*71
72
72% Dec
1st preferred
$7
V 1,300
i
Oct
86 Va
27
23 %
14
33% Apr
Distilling
Amer &
4 1.300
,
45 % Dec
7
25
European Sees
No par
American Export Lines Inc.. ... . 1
28.000
94%
•
40
Amer
800
| 5.600
33 V,
21'A
93
31%
Jan
Jan
13%
Apr
-No
preferred
American
11,900
2174
Jan
23
14
170% Jan
Cable
Ac
conv
Amer
f 3,300
100'A
Sep
2% July
x67
13
31% Jan
par
FdyX
&
American-Chicle.
|3,600
2%
23/a
"
42% Nov
110% July 17
May -17
100
Chain
-XX 5 %
7 4,400
27%
Am
v6%
'
26%
-
7,900
2834
27%
2%
99
12
82 ;.i Mar 29
1
Crystal Sugar
»
23%
Jan
6
Jan
Colortype Co..
1174
11%
Jan
%
5
4% Dec
4
preferred:.——100
Car
non-c'um
American
4
3%
2774
9874
'4i
50
%
4
11%
17%
July
Dec
Preferred
-7%
<
American
92
57a
*70
v
374
*1174
43% July
26 r
25
1,300
2174
-
42
70 Vo
'.V
%
98
927-8
5%
4 '
1174
2%
2%
97%
22
' 374
*11 A
28 Va
*47
67/o
72
*70
.
Jan
16
!
»
•
Dec
26'/a
100
t 4,200
34
33%
Sep
97
5
60
Corp
Can
American
•;
160
109 '/a
Jan
28% Jan
_5
No
Radio
&
18%
*14
34'A
i
p
Corp
14%
18
*108
*108
109 Va
34 74
185
8%
9%
*8
American
2,900
i
98%
18%
11%
42
:
70'/a
6%
6%
72
*70
184%
9974
14
4
3%
11%
-^91%
491%
;
69%
69%
184%
»
*98%
99
*108
34%
21%
5% %,5%
■
#:-■
2'%
%•
92%:
41%;-
41%
41%
.5%
93 74
16 %
Jan
-10
Co
Shoe
Cable
Amer
<14,000
*124-
96%
22'%
>92
41%
9274
41 %
*111
.7
27%
■■
:>•;
2%
*
,'97
21%
,r
'
93
*91
%
96%
97%
V..V
:i
28%
,,28
2%
33%
9374
Jan
-73%
24% Dec -: 6
>
I per share
6%
7
—50
__1
:
preferred
.
3%
3%
10% -11%:.
27%
*96%
'6
34%
$4;
3 Va
14
93
Bosch
Brake
5 74%
65,000
41
27 Va
18% ,19
*108
109%
109'%
*107%
109
11 %
*11
13%
14'%
18%
1374
4174
27%
125
19 %
913 %
1274
4074
27%
113
20
18474
*98-
125
1274
118
19
19
S2(
par
(new)—.
Note
preferred—
American
Am
2,500
t
12'A
74
?
No
Corp
Apr
t per share
—
Highest
20
July
40% July
103
17% Apr
M
'
10,500
74
4174
98 %
i * 111
46
135
*133
92%
40
98%
,
18
45'A
135
184 %
41 %
112
*124
v
40%
-
125
112
112
*110
•
184'%
184
184%
184%
17 %
46
*133
92%
*
184 %
*39%
12
1874
74
45'A
46'/a
135
1
50
Petroleum
105
Agricultural Chemical.No par
6%
220
184 %
93%
92%
-92%
91%
93
"91
18
18%
,
12 Va
12%
12
12%
45
*133
135
*133
135
1774
46%,
45%
46'%
46
"132
73
74
74
74 %
72
'.-V."
preferred
1,600
2,400
*71
100
No par
.;V.
•
2274
72 74
>.
6% conv
200
%
' ;•'.< *."•
,
30
2374
22%
29%
44
117%
24
Amalgam Leather Co Ine__
8,700
y
33 Va Apr
No
Portland Cem___
••
43%
4474
44
29'/2
J,
4
3
par
22%-Dec
27
96% Jan
Mfg
29%
2974
115
<29%
.
X11774
118
115%, 116 74
.114'%
116%
115
115
43%
44
*42'/a
44
<■42
"113 %
4%
4
4 %
4
4
*3%
3%
4
14% Jan
100
preferred
conv
Alpha
t per share
-No par
Corp
preferred
Allls-Chalmers
Year 1943
Lowest
Highest
$ per share
Paf
Allied Stores
9,700
23%
Lowest
P.pp\ ■■*■■■■■"'
j
3%
Range for Previous
Range for Year 1944
STOCK
YORK
EXCHANGE
5%
11574
2374
NEW
7,100
*101% 102
40%
4174
115%
,
for
Shares
21 Va
20%
4174
41
.
115 '/a
115
4s
2174
10174
41%
40 74
115%
23%
23 %
102 %
*101%
41'/a
21 Vo
*101%
21%
21
the Week
$ per share
I per share
t per share
102
40%
40%
115
23%
*101%
40%
t
Sales
Jan. 1$
Jan.11
Jan. 10
21%
21%
102
"lOl'/a
102
115
23%
21%
Friday/
Thursday
Wednesday
jr
t per share
share
21%
21%
40%
40
■"114
Jan. 9
$ per
S per share
21%
Tuesday
STOCKS
SALE PRICES
IiOW AND HIGH
Monday
Saturday
3
6
Dec
30
"3%
Nov
6%
Apr
i
:
"25%
26
-
26
26%
*
:
t 35.500
'
99.500
113%
13%
13 V*
14
13%
14%
13%
14Vi
13%
123%
23
22%
24%
24
25
24
24%
23'A
24V8
2 3'A
23%
46.600
14%
15
14'A
14%
14'A
14%
6.70C
jU'A
*70 %
130%
14%
14%
15'A
14%
15'A
70%
70%
71
71
71
70 *
70 V2
*69%
70%
69%
70 V2
31%
31%
31%
31%
32'A
31%
33'A
32%
34'A
32%
34%
117%
17%'
150%
51%
17%
*50%
17%
17%
17% -
17%
50%
50%
51'A
51'A
17%
17%
51
,
.
17%
17%
51'A
*50%
51%
240
18.700
1.800
17%
*50%
'>
:
:
70
preferred———
& Aroostook
Conv 5%
preferred
Barber Asphalt Corp
17%
17'%
18
17%
18%
18'%
18 %
18%
19
Va
"19 >/8
19%
56.300
20%
21 '/a
21'A
21'A
21
21'%
21
21%
21%
21%
15.100
Bath
33%
33%
34
34
34
33%
34
34
34
33%
*33%
34
*.37%
37%
*37
108%
*108
*108
(13%
137%
*116%
I'
,
a
Oil
Barnsdall
20%
;
14
14
38'A
120
*37%
*115
*37%
37%
108
110
14
14%
37%
38'A
120
*116
For footnotes see page 223.
,
-
37%
108
14%
37%
117
*37
37%
37%
*108
108'/a
108%
14
14 Va
13%
38 Va
*37%
*37%
117
117
115
37%
110
14'/a
39
11s
37'/a
*108
•
13%
*37%
115
37
110
600
Va
:
60-
Beatrice
$4.25
10.200
Beech
39
50
Beech
115
3"0
14
Iron
Co—
Inc
Creamery
preferred
Aircraft
Creek
20 Va
Dec
26
3%
Jan
10
Apr
9% Jan
3
23 V8 Dec
23
6
Jan
14%
Apr
3
14% Dec
14
5'A
Jan
12%
9% Jan
63'A
Dec
18
Apr 24
t
68% Dec
14
34 Vt
16
12
Feb
28 %
July
21% Apr 25
33% Dec
Jan
15%
30
Jan
47
Sep
Sep
12 Vs
Jan
19% July
60
Jan
5
Corp
RR
Beech-Nut Packing Co
12
Jan
4
18
July
50
;
43
Jan
24
53
Aug -21
5
1
No par
.25
No par
1
—.50
20
Apr
4
Jan
No par
vWorks Corp
Bayuk Cigars
Jan
13% Dec
50
100
10
preferred
'17%
10%
3
100
j.
Barker Brothers
5%%
15
3% Jan
—13
;
4%
Bangor
.'20%
1.600
Ohio
26% Dec
—100
Works v t c
Baldwin Loco
Baltimore &
14% Sep
13
18% Mar 17
5%
9
19% Dec
29
13 Va
Jan
14% Aug
15
34% Nov
18
23'/a
Jan
25% Feb
11
38
Dec
5
24%
Jan
Jan
24
111
Oct
11
Dec
105% Jun
105'A
7% Jun
8
14% Dec
29
Jan
11
111% jun
12
31
31
38
121:
Dec
5
Nov
6
20% Mar
x29
May
33% July
xllO
Sep
Nov
14%
25%
Jan
33 Va July
93
Jan
7 V*
-
t!4
Sep
Aug
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4351
Volume 161
215
NEW YORK STOCK RECORD
LOW
AND
HIGH
SALE
Monday
Jan. (J
$ per share
I
Tuesday
Jan. J>
Jan. 10
$ 2)er share
sMare
per
S z>er
$ per share
snare
12 %
12%
12%
12%
15%
15%
15%
47%
49%
20
12%
12
15%
15%
15 >/8
15%
15
49 j/B
49%
49%
493/a
20 V;-.
*19%
20%
20
56%
*55%
56%
55%
39
39
40
39-%
:
20
20'/a
20
19%
20%
55%
55%
55%
C:
40
40 !:••'
Y/ 39%
17%
Y-' 17%
20
>
-i
153/4;/
49%
12'/a
12%
12%
20
■
Y
%
12%
■
/.Y'Y-'Y.Ya Y ;
■
Bell
12,500
'
Bendlx
a
•—5
Aviation
17
9 Va
13 ' July 6
15?4 Jan 11
49% Dec
4
38%
17%
17%
67?%
68%
'127%
*
*55%
55%
40
40%
:
18
18%
17%
18
17%
70
70%
70%
69 Va
71%
*127
127%
17%
17%
68%
■
V
40%
129 %
129%
129%
129%
*55
71% :73%
3 29 %
129%
50
49
49
49
49%
49
49
49%
49%
23%
23%
23 3A
24%
24%
25
24%
25
24%
24%
14%
14%
14 %
14%
14%
14%
143/4
14%
14%
14%
..,.*21
21%
21%
19%
*107%
19%
109%
19%
19%
*19%
19%
19%
19%
*107%
109 %
*107%
109 %
*107%
20% Dec 11
13% Mar
17%
8>ep
56%'Jan 24
54%
Feb
57
Nov
No par
1
33% Jan 28
41% Oct 21
22%
Jan
38
July
17
Jun
69 %
Apr
No par
Loan.
19%
20%
20%
19%
20%
19%
20%
19%
•20%
50%
50 Va
51
*94%
96
*94%.
96
*53%
55%
44%
44%
45
*112%
114
34%
■
114
50%
50%
503/4
96
96
96
54
54%
55
45
45 %
44%
45
*
114 %
115
Y,
34%
34%
38 %
39
%
♦114%
115
115
'
34%
34%
34%
34%
38 %
39%
39
39%
6%
6%
7%
7
7%
45%
45%
45%
45%
*45
45%
V
45
45
i9?8
19%
20
Y
19 %
19%
50 %
'
Y 19%
Y
19%
*47.
50
11
*47
;■
19%
*47
50
lY
7
i
50
.11%
11%
11%
11%
39%
38%
39 %
39
39%
41%
41%
41%
41%
41'%
42
52
52
*47
11%
38%
I;-.
7%
11%
.Y
11%
42
*50%
52
*50
22
22%
?2%
22%
'44
45%
45
45
y
24%-
24%
,
'25"
•:
22%
51
22 %
45
45-
25 Va
»
25%
V
51
*50
;
2.100
500
•
v -..'
*47
25%
13%
io%
75%
10%
%
75
11%
45
45 ¥4
45%
24%
24%
243.4
24%'
-V '23%
233/4
Y
*45'.
•
>
13%
13%
13%
123 %
124%
123%
123%
10 "a
11%
10%
11
v
103-4
11
74%
75%
75V'a
76
H
75%
13 %
v
24%
13%
*123%
124%
~
•;
123 %
Y.Y
i
48', a
;
76%
75%
10%
10%
10?i
10%
10 3/4
10%
10%
:v\io%
233
a
23%
23%
23%
23%
*22Va
23%
20?a
20%
20%
20%
20%
20%
20%
20%
48%
48%
48%
49
48 %
49
49%
45
47%
43
46%
44 Va
45%
443/4
*107%
113
14%
8?'a
15
Y
>:
*107?4
~14%
14%
14%
14%
•YY 8%
9%
8%
8%
;'s
82 Va
80
80
71%
70%
71%
69 %
70
14%
14%
14%
14%
14%
31%
*31 a'a
31 %
31,',
31
•31
31%
3%
3%
3%
3%
3%
3%
;>v 49
'f
*107%
15
3%
3
3/a
69%
143/4
15
;
8034
69%
33%
33/4
16
16%
16%
17%
16%;
16%
16%
!
94
94%
95
95
94V-2
Deo 12
Dec 13
13%
Jan
Oct
7
76
Nov
9'
23%
24%
23%
24%
24
24%
24
24
24
Jun
.—5
2.50
15
Inc
,
34% Jan
3?a Jan
5%
*7,200
Butte
48
24
July
Nov
38%
Jan
Jan
22%
21'A Mar
Jan
85
preferredByron Jackson Co..
Jan
4,000
56% May
22 y4 July
.1
7*
Dec 13
Jan. 3
„
81/2
18
Dec
Nov
Nov
12%
Jan
30 'A
33
Jan
44
37%
Jan
443/2 May
18»A Jun
Jan
Jan
13
Jan
42 »A
Jun
July
205A July
10 % May
Jan
Jan
Jan
Apr
July
1183/2 July
9% May
(
43
Nov
6% Nov
54 3/4
Aug
103%
Apr
14'A
Jan
18 % July
16
Nov
293/4
24%
Jan
20%
Jan
35'A July
313% Jun
>.
•
^
30
105
May
9'A
Apr
1093/4
Jan
Oct
15 3%
.
Jan
2%
30
Jun
6?a May
41
Jan
213/a
Jan
53/4
Jan
10% July
20%
;
Jan
29'%
Nov
5 Va
Apr
3
2% Jan
/
3% July 8
17% Dec 19
96
Dec 16
.25
Sep
1
3
45
3
Dec 29
Dec 21
Jun 30
31% Nov
25
18
14 ye-Nov
104%
6 t. 83
Dec
4
25
70'% Dec
9
4
15?» Dec 12
►-8
38 'A
6%
9
9?'a Dec
Apr
20%
Y
Dec
Va
Jan
.9'/8
•'29%
223%
20%
493%
4034
111?8
15?'a
Jan 25
Apr 17
Jan. 3
July
6
20
;
Dec
8
Yll% Jun 29
May 12
Obk
39
Jan
>.
Dec 30
Dec 16
Dec
6
July 8
Dec
Deo
30
11% Nov
4
■
Sep 19
July
July
28%'Jan
3
25?s
.14
129
*2%
773%
Jan) 4
Jan , 3 :
Apr 19
Jan , 4
51
'
49% Dec
4
3
6
96 '4
35
-
Jan
2%
•
53
Oct 31
1234 July 5 " Y
44?>Aug 23
1'
50 Y July 7
53 % Oct 23.V
Jan 13 ;Y
,
Oct
45
Jan 16 Y
Jan
Jan
Jan
,
No par
26%
21% Aug 25
Feb
1
Jan 4 :
Jan 28 .•
Jan 14 ■
Jan
4
Jan
Apr
Jan
28
Feb
Y ' 2% Apr
12 % Apr
67% Jan
20
Apr
,xoO
Y
41% July 17
7% July 3
-
—5
L-No par
Zinc
&
Copper
Participating
480
:
Jun
100
17
Y 371/2 Jan Y 7
;12% Jan. 3 :
•
•
30
preferrpd
conv
Byers Co (A M)
5,700
../•
19
Jan
41 Va
8
3
3 '
•
16%
19'A July
Jan
'/a
C 11% Nov
27
Dec
6
7
V
-
95
24
953/2
* 24, ■'
•9
55% Sep 29
109% May. 8 Y 117
Oct
2834 Jan
334?i Dec
—....
3 3/8
163%
95
17 >/8
93%
.
5
Roller Bearing Co.
Bower
Braniff Airways
;
(assented)-100
Maine RR
&
Boston
lb
;
Corp
Borg-Warner
1,200
93%-
.
YY
8%
*79%;
'■
(The)
co
40%
Bridgeport Brass Co—,—...No par
8%
'•13.400
Briggs Manufacturing
No pai Y 27'
6,300
:
Brlggs & Stratton
No par Z
39 *
2,300 '
Bristol-Myers
Co
;—5
1; 40%
300
No .par
.
14%
14.300 t, Brooklyn Union;,Gas—^..
Brown Shoe Co
No par
39 %
800
No .par
Y * 3.800 V Bruns-Balke-Collender..
-;:'17%
5
Y. 8'%
11.500 * Bucyru«-Erle Co
•7% preferred
:100
116
20
Budd (E G) Mfg
No par ,Y;- 5%
29.900
$5,preferred
No par ■ ; 47%
-1.900 '«?.■
Budd
Wheel
—No par. ■■ .t-7'%
11.300 'Y
1—1
17
600 i I Buffalo Forge Co..—
—No par
165%
2.700 / Bullard Co
;—No par
y 31
"3.200 <• Bulova Watch..—;
Burllhgtcm Mills Corp
1
27%
:
7.800
5% preferred,^
100
107
Burroughs Adding Mach—..No par
::,12Va
23.500
/ .14,400
Bush
Terminal
1
Y' 4
6% preferred
155 s
100
541
'Y
Bush Term Bldg 7% preferred—100
830
;
43'%
,-10
y
8%
.'13,200 Y Butler Bros
io
*94%
16
Dec
19 % Mar
11%
21
•
113
8%
70%
15 vtf
94%
15%
40
Jan
98
4
"
443/4
Y6 14%
.
:"•?,
8 3/4
*79
Boruen
i-
•
•
'
49%
:•> 43%
100
preferred.1
,
('
•
20%
45
14 3/4
82
Y
49%
6934
14%
Y
•Yi 20
so y8
*80 >
70 34
14%
3%
113
14%
9%
*80
70%
14%
*107%
•
14%
8%
82
70%
113
14%
v
8%
82
*107%
113
;v
16
>'
121'A JuIy
Jan
Sep
,
IO34
23%
*107%
*31
•
'
76 %'
23%
44%
Jan
19
52V'a Jun
18
333% Jan 26
;
•
10'/a
10'4
.49
V-14.?:;
?Y
8%
'
1233/4
10 34
•:
4'/a%
;
--1
Inc
..
w
14
23%
'
»
Stores
88 lh Apr
46% Jan
-
46 %
20
Y' 43
Jan
6%
Dec
15
Jan 26
45
1
.
••
'
-24%'
i.—No par
r~No par
•
'■
50% 4
23% '
-
;
—5
Brass
Brewing Corp. of America
•38%
38%
*49
23%
13%
*
3
Jan
Nov
27%
130 . Dec 18
513/2 Oct
5
25 Ve Aug 30
16
Jan
4
22'%
14% Mar 14
20
933/2 Mar.14
109
.12%Jun 5 / 193a
j
.5
Co class A
Amt
Bond
300
J 1.800-
f
50
-v
23 Va
20
■>;
10%
*•
75%
10%
*22
Y
124'%
10%
10%
75%
%
13%
*123%
125;
*123%
Y
13?a
13%
8'/2
54
IIO1/4
-
'
r-
■
'
.•V
-7?4 Jan
5
Class B
-11.700
*"•••*
20
.Y'Y 42% '423/a
50%
23
Bon
Aluminum St
Bohn
V
4.900
yv:
45
.
/*"•'•■ 11 %*
45 <:••'•
•
i
"
■
42%"
50%
&
>
5.300
38%
•
19%
39 %
;
60
210
'
343/8
;
••
1134
11%
5.300
/
>-"•
114
*431/2
'
5C
38?%
' '
6% % 7
•••
...
45%
22%
'
66% July 11
1153a Feb' 2 i
37 3/+Feb 24
163/2 Jan » 3 !
j.00
Airplane Co
Boeing
34.000
:
■%
42%
v:
1
-
'
S-'i
20 V4 July 15
4
•
Bloomingdale Brothers—;—No par
,
Blumenthal & Co preferred
55
:^34%'-
-20%
*47
370
45
Y\ 383/4
S
7%
19%
■/
39%
:v :
20
56'4 Jan
t
100
preferred——
Blis? & Laughlln Inc_r
400
1
96'%
"'
s
114
•>,
38%
*44
42
■
35
r/r 7
*
38%
-V
i
■
52
■
*94
:•« 44%
>
343/4
20
>51
•
% *53
38%
38%
'
•
■-?.
114'/a
114%
6%
15 ?a Jan
—No par
(Del)
Bigelow-Sanl Carp Inc;
No par
Black & Decker Mfg Co_;—No par
Blaw-Knox Co.^
.-No par
3,100
18,800
Foods
-.7%
/
193/4
1093/a
•'.•19%
■
44%
443%
•/•.
21 %
xl9%
55
50%
•
1
*107 %
•
51
96
53%
45%
;Y
50%
96
53%
*94
34%
*38
21%
53%
53%
24%
•14%
Co
Bethlehem Steel
1
Apr
4
Best
800
-
■
20Mar
39%
53% Nov 30
Best;<fe
V
46,000
'
14 Va
109 %
.*50
Pr
'
1,600
49%
21%
,*21%
19%
109%
20%'
'•
72% ;•'.
24%
22
213/4
21%
19%
*21 %
3,300
4,700
-
129%
49%
-
200
11% July
Nov
Nov
*
*107 %
21%
• •
17%
129
49
:
39%
71
129 %
55%
•
t per shrre
Deo
9Va
33
•
15
Highest
t per share
pfd $2.50 div series '38_No par
Indus
Jan
Lowest
t per share
10% Jan. 3.
10% Apr 25
-'"-33% Jan 13
—Nopar
Corp..
Aireralt
Beneficial
1,100
-
,
Year 1943
Highest
.
t per share
Par
Belding-Heminway
900
14,500
-
/■■
>
Range for
Range for Year 1944
Lowest
EXCHANGE
Shares
r
49 %
12%
15%
'ft 48%
35%
per share
*
16
12%
16
48
;,y,•■>">•
STOCK
YORK
NEW
the Week
49%
'
47%
Sales
Jan. 12
Jan. 11
;./!r
for
Friday
Thursday1
Wednesday
Jan. 8
YSaturday
STOCKS
PRICES
75
>
Y
May
49
Oct
93/a
Jan
18% July
653/a
Nov
83%
16
Jan
25% May
Apr
'
0
::rS
28 ?a
28%
28%
28%
28%
28 'A
*54%
55%
*54%
551/2
55%
55%
*54%
1%
55%
*54%
1?«
•
1%
1%
1%
7%
8'A
21'A
20%
21'A
33%
33%
34
1%
7%
73/4
*2Q?«
203/4
33'A
7% YY8;;::Y;Y
34 I
/ 20
33 3A
,
33'A
*45%
.'•'••
47
*48%
50
11
11
-
21
34'/a
.
■
•
12%
11%
12'A
12 VB
4914
49'A
33
11%
11%
22'A
22%
22%
63
63
63
54%
15,000
-49
11%
'
Canada
Dry Ginger Ale
Canada
S0ut"hern Ry"*CoIH
135,100
r,>"
12%
1
-
240
49,900
;v
300
50%
*49
54?i
54%
54?a
55 :•'?./■
-
*54%-
113A
•62
*5%
53A
5?4
36'A
36D/a
36%
-•
55
*54%
117'A
117'A
117'A
33%
33%
33%
33%
33%
*33%
33%
22%
22%
22 >/8
22%
22%
22? a
21%
1
>
22'A
117
117 :.;/••
154
51
51
38%
117
.117
15'%
38%
38? a
1053A
105 34
127%
127?4
18%
;•
•
70
Carolina
470
21%
21'A
12'%
•105
127?4
16%
15?8
19
19
19
22
22%
22%
4%
111%
111%
111%
12%
13'A
28?%
29%
11%
</
123/s
12%
29
51
49
50
3,500
•
YY. 33%
33? 4
33%
7»/a
7
22
213A
115
'A
129'4
22'A
28?/a
29
28%
*114'A
•
115
*114%
43
42
42'A
*41
Y/TVY
22
22
.
34%
7%
Y 129%
129
29'/2
*28 3A
'lHiA
34 y4
:vY/Y'"/7 /■;
129%
129%
*11%
43%
14%
14%
52%
52%
53 %
52
'■'<
7?a
17
7%
7'%
17'/4
7?s
17 Va
a
111%.
111%
37%
38'A
105%
127%
X151/4
'A
?
xl83/4
4,200
v
/;
*1051/2 .105%
Y' 127 3A
■
700
23 »/4
-
15%r
24
,•/"''
•
127%
340
'
YY
Y
-
15
15%
'10,100
18%
19'A
19%
2,010
Y
23 ?'a
22%
4%-
•r-4%-
,
111 ? a
13% Y
12%
IIIV2
13'A
29 3A
29
29%
12%
12'A
12%
35
35%
34%
7%
7%
129'/a
130
*22
22'%
28 3%
28?o
114
115
43
43 3A
14%
14'%
14%
53%
53%
53
7%
•<
18 *
111%
47/a
.
7?a
177/a
133/a
131/a
•
14s/a
29%
29 '
29%
*11%
12'A
36'A
"
,
22%
35%
36%
7'A
73/a
129%
129%
24
23
.
7'A
129
23
28%
^8%
114 %
114V4
43
43%
43 :Y;
;;
143%
43V4
•
22.500
-
Certain-teed
17%
18 'A
7?4
7%
7%
-
273/4
•
-7 V4
27
43%
■
52%
533/4
29%
29 'A
30
62'A
61 >/2
62%
20? a
20? 4
20 %
22'/4
21%
22
21
Y
*49V4
49%
49 ?4
soli
*531%
54
54
54
15? 8
16
16'A
17%
16 ?B
16%
16%
4?a
4%
4?'a
,
22
71/2
7%
12.200
17%
16 '/2
16%
16 %
183%
14.800
*94 •:
.95
.
16%
16%
4%.
:.36'A
152
150
21%
21%
21%
22'%
22%,
22%.
353%
36
371/2:
37
37%
*98
99%
*99
100
10?8
50
50
:
993/4
10%
99%
*
10%
49%
10'/a
"Y" " 36
49%
94
*90
94
*90
110
185
135'/2
137%
G3
44 3A
*108
*176
185
-94
*53i/a
56%
*53%
56%
*53%
34%
35%
36%
152
137
*135
35'A
36 %
•Y"
34%
107 %
34r%
343/2
*1063/2
35V4
35 V'4
31%
32%
28%
29%
*35
35%355/8
For
%'
31%
96%
113
11
-
32%
351%
323A
32%
331/2
34%;
34
35%
29
30
footnotes
...
35%
36%
36%
*35 'A
35%
35%
35%
see
page
223.
■29%
31
%
35
47 Va
>
.-
36'a
Clev
95
Clev •&
7%
Pitts RR Co
35%
8,900
Climax
36%
4,100
36?'a
*150
135
631/2
63 %
Coca-Cola
300
63 34
,
Class
350
34%;
34 %
*106'/t
35%
353/4
115
*110
A
34%
107
,
36%
115
Colgate-Palmolive-Peet
3,500
70
5%
10
conv
24?8
25
23%
24%
9,600
Colo Fuel
36
361%
35%
3 6 V4
4.200
Colorado
35
3534
34
35
4.140
32%
33
32
32'A
2,000
36-
36?'8
'
32
'Wa
35%
35 3%
*25%
35%
353%
par
par
35?4
1,500
..
preferred
& Iron Corp.
<fe Southern.
35'%
400
Feb
120%
8'A
Jan
14 ?4
16'/2
Nov
21
1%
Jan
97%
Jan
-Sep
3
Jan
Jan
23s/s
Jun
3% Mar
111
Aug
18%
Jun
25
Dec
8'A Nov
41
Apr
7%
32V2
Jun
72%
Oct
163A Nov
Dec 16
Jan
19 3A
Apr
18
Dec
July
50?a Dec 16
33 3A
50
J
18% Mar 25
31V4Dec
13-
Jan
4
4
3
23
6% Oct 25
30
July 5
98'/a
253/8
31?8
963/2
Jun
July
Dec
Oct
lOVs Jan
51
Dec
185
Jun
90
Jun
115% Jan
45'A Jun
6?a^Jan 12
35%" Feb 17
148 'Jan
7
76
Jan 1 3
110 * Nov
6
37% Apr 20
106
Mar 27
92
Jun 16
52% Mar 22
307/a May 3
34% Apr 20
ill
par
-
Feb
59.% July 17
_Y
23 % Jan
6
-
109
96
Aug 11
53% Oct 17
/ 38% Mar 15
39 % July 12
,
100
„
-
103%
25%
109%
143/4
152
/
July 11
146V2 July 11
67% Jun
1
33%
Dec
16%
Jan
Nov
22
Apr
41'% May
48
>
Jan
15 V8
36%
Deo
54
11%
Jan
15%
Apr
13%
Jan
18
Jun
Dec
1
24%
Jan
3% May
32'% Apr
67%
Jan
85% July
IOV4
Jan
15%
Aug
8%
Jun
2% Jan
32% Nov
123
Mar
67
39'A July
145
74%
Jun
Jan
116%
Aug
28%
Jan
42'%
Dec
IOI1/4
Jan
108'%
Dec
84
Jan
92i%
Sep
50
Feb
54
33 Va
Nov
Sep
48i% Mar
Jan
40
142
May
153
88
Jan
123
33'A
' 30
inc cl A—2.50
26'A Jan
27'A
4 ' :;/"35%
2.50
25% Jan
4
35%
July
Sep
July
Oct
7
*103%
Dec
17%
Jan
109'A July
28% July
Jan
114%
29
4
4
Dec
Feb
109%
Dec
23
29%
May
68 'A
Dec
3
Jan
,
25
Dec
Apr 19
11% Jan
13
6
7V4 R
21%
Deo
1
12.% Jan
Jan
Jan
Jan
30
100
2%
10%
16»%
Dec
116
26 V4
100
17 '/a R
61
Feb 29
1st,preferred
9% R
Jan
28
108 % Jun
Sep
38
2nd preferred
Jan
7%
1
Dec
Mar 2
Apr 25
non-cum
Jan
July
2%
.
______
par
19
3
12
26
10
16
22
5
3
19
' Jan 12
18
Feb 26
7% Mar 22
25% Mar 22
303/4-Nov 28
65VaJulyl3
21?8 Dec 15
213/a July 12
49%'Nov 10
57
Nov
9
19'/4 July 10
17 Va Jun
24
May 29
77% Feb
7
14%. Jan
5 /
'25?'a Nov 16
95'
Nov 9
,
8
9V'0Mar25 '
3^
_
145
::
163%
Sep
Apr.
July
24
non-cum
;
96'/a
34
A%
Class
Dec
109
4%
.
Columbia Br'd-Sys
Jan
Dec
54'% July
40 3A Jun
Jan
l3/g Jan
par/
100
26%
Apr
11% Jan
;
par
No par
Nov
5?&
39%
147
Jan
par
3
Jan
Jan
,—No
;
Deo
40
.
14% May
par
10
No par.,
No par
"•
35 3 a
par
par
Jan
19 Va July 5
23
July 11
? 43% July
5
23
4% Jan 3 *
18
Jan 1 4
Y. ; 21V2 Apr 25 : 43% Sep 14
153's Feb 24 '
16% Jan 3 Y
38% Jan 7
47
Jan < 6
100
5
—No
33/a
32J/a
1273/a
17
16
29
15
15
Mar 20
28?fc Nov
1,
'T2% Dec 28
37Va Jan
4
9
Jun 27
134
Nov 21
»
—No par
Collins & Aikman
15
July 10
114
r
par
-No
preferred..
$4.25
'2,200
Dec
8'/a
--—No
(The)
313/4 May
99%
100
Co
973%
44
Apr 19 •
5% Sep 14
•
50
50
stock
4%
463A July
Jan
Jan
Jam 4
114% July 13
27% Jan
4 Y 46% July 10
11
Feb 18 '.
.143.8 Dec 26
.
Coca-Cola International Corp No par
*1050
106%
Dec
Mar
Jan
2
15 Va Jun 27
108
1
Preferred
152
*132%
gtd
Molybdenum
40
25 V4
129% Nov
2
3
17% Apr 13
23
Jan 3
—100
gtd
Jan
*85
Apr 24
40 % Jan 24
Jun
9 Y 106
Dec 22
Jan
Jan
> 30J/2 Feb 15
4% Apr 19
/ 57
May 1
.
Dec
Oct
Mar
Dec
Jan
4>/a
Dec 29
Dec
2
54
12
7V4 Jan 15
>
.100
(The)
Cluett Peabody & Co.
36%
152
135 %
Special
Jan
Jan 31
83/a Apr 22 '
20?4 Apr 19 '
pfd_——No par
Graph Bronze Co
preferred
9
Dec
333/8
22?'a
65
53A
39
1523,4
6%
363A
15
119
107»
100
Ilium $4.50
Clev El
5%
Louis Ry. Co:
56%
*110
36%
32%
...
220
44'%
& St.
preferred
300
111
*94i%
5%
30
109
35?'i
25
33
*44
/
C. C.
35%
34%
115
243/8
28
32
'
35%
*110
*110%
*108%
106%
353/4
25
94
63%
34%
115
<tQ7
O.
-
*53i%
36%
108 *
24'A
30
preferred
Equipment.—L
Clark
4;
Jan ' 4
44
50
50
No par
100'
5
No par
Stores
City
361%
*1050
115 >
24 ?4
'
32%.
32
118
24
185
134%
63 %
34? a
95
53/2%
10
2.000
900
56'%
*150
136%
107%
34 'A
35
44%
,Y
Ice
35 34
37
*1050
107
34%
*1061%
34%
*115
■
111
109 •
No
& Fuel
ruty
City Investing Co hew
51
10%
YY
Corp
2.300
Jan
97
Apr 19
143'% July 12
25
3
Copper Co
Chrysler
4.400
■
*176
Y
Chile
510
15.000
No
Co
*53%
152
63 %
63'/4
"Y
:Y
tChilds
Oil
Cotton
*94'%
36
♦ISSV'a
136?4
35
34'A
24 ?{,
36%
*150
63'A
*1050
—
107%
118
35%
36%'.
136%
63%
63
35
152
*150
34 «/4
24
a44
*108'4
56%
106'A
115
*110i/4
111
>10 %
50 ?4
IO1/2
51
94
Y
44%
*44
*108% 109
44 ?4
*94 Va
*1050
*34
*1103/4
110
109
99 34
in 1/8
50'%
94 Y'r
95
63 %
1050
Y
110
443/a
:■
Chickasha
1.800
15.100
35?4
*176
36
6
21 "2
185
*150
5%
5?'a
36'%
*94 %
.
17 y8
YY 21?a
95 :;.
34;% .,35
•3 b'A
16%
95%
5 '/a
95
*53% >56%
163/4
500
36
.*941,8
.
2.800
95
*98
109
90
17'%
34Va
*175
44i%
55%
17
96%
175
*108
52%
*16%
55%
35
110
45
52? 8
*5434
54
'
17
95 %
*90
110
•
*54%
34
175
109
10.000
96
x
>
27 Va Jun
6
18% Oct 27
4
40
—
preferred
.1
Chicago & Northwest'n w I—No
5% preferred wi
Chicago Mail Order Co—
Chicago Pneumat Tool
—No
$3 conv preferred.
—No
Pr pf ($2.50) cum div
-No
Chicago Yellow.Cab
No
2.000
22%
*51
v
'
108
20V4
22%
33
49%
94
20%
23
9434
10'A
175
20%
A
5%
17.300
31%
Y 100
10'/a
Y.:Y 493A
*44'%
11% May
47% July
9% Apr
563% Nov
100
Chicago Great West RR Co
58.200
621/4
47«
21%
49%
301/t,
62
Y' J 29 5/a
Products
Cab Mfg
Class
25.100
95 3 i
35%
10%
109%
11% Dec 16
54Vs. Dec 20
,
No par
100
—5
5'
25
16.700
7%
26%
62%
26'%,
31%
4%
*31
21 Y
*98
100
7
Y
4%
94 ?a
°9?a
•
50?4-
17?a
.
551/2
17 ?8
95%
*491%
*90
50? 4
34
32?u
%
*54?4
55
7%
27V4
30%
22i%
62 rV':
172a
53
94%
YY
Y 29%
61 Va
17
Y 49'A
•;(.54%
31%
*31
31%
95
■155
12% July 12
51% July 14
Feb
4
Chesapeake Corp of Va
Chesapeake & Ohio Ry—;
Chic & East 111 RR Co—No par
700
20%
201/s
21%
*98
3
No par
Checker
21,000
? '7%
>M
15
29%
28%
58'%
21'A
38
,
No par
1
Champion Pap & Fib Co
6% preferred
1,700
61%
30
28
32
Jan
100
Chain Belt Co
1.700
*141%
18%
18
73/a
26 V a
58'A
21'A
^29%
—
6% prior preferred
»840
.*
53%
53
.7%
18 >/n
57%
4?4
Dec" 18
6% Feb 10
43% Jan, 4
No par
Century Ribbon Mills—
Cerro de Pasco Copper
14%
14%
,53%
73%
27%
94%
7
20 ;
17 1 Jan , 3 Y
—No par ,;••> 19
Nov 27
1
a
2% Jan 13
Central -Violeta Sugar Co
1
*31
27V4
100
JCent RR of New Jersey
..
2,600
vY- 110
291/a
1141/4
27 ?s
20?'a
-Y 21'%
Apr
19 3A
Jam
Foundry Co
Central 111 Lt 4%% preferred—100
5.600
:
29
71/2
21%
Apr
Mar
8% Jan
No par
—
Central
>1.300
23
114
26? a
20%
9»A
Nov.
100
11.000
7'A
59'/2
7?4
*20%
Dec
13%
25 Y;,y 33
—
Central Aguirre Assoc
340
23,100
36
1291/4
1141/4
273/a
'21%
6J/8
*13%
1
ii'J.
Co
preferred
5%
„
25,300
■"J.
HOI/2' lllS/8
•
'
7%
7%
25%
*16'A
I)
/
7% 2d preferred
Celotex Corp
>21,800
5?8
12'/a
12%
29%
.12
130
25%
7
7
25%
13% Mar
13
353/4 Dec 30
—No par
Celanese Corp of Amer...—No par
$4.75 1st preferred
—Nopar
'
*14»A Y141/2
7?s Dec
21% July 10
Caterpillar Tractor
•
1
9
3
'
11%
56
Jan
g. 42% Apr
f
5
10
50
preferred
(J
Preferred.;
10
38 ?4
24'/a
4? a
4?
303% July
Jun
33% Jan
,100
Case
160
38%
"
15%
18%
4%
jan
8
|
par
Ry
Carriers & General Corp—i
*156
127%
127%
15%
4%
3/2
%
15% Jan
A..1
-10
—1
Co
3,000
158
1053/2
105%
22% YY
V;'Y 4%
12 ?4
28%
Ill's
38%
4%%
800
Ohio
&
2,200
5%
50%
51
18%
•
-No
'
111%
28
*156
16
V/15'/a.
18%
100
class
37
5%
36'A
>
4%
'111'%
158
5,900
65
*63
53A
371/4
5?8
37
Clinch
Carpenter1 Steel
Carrier Corp
1,300
-
'
18?4
4%
63 3/2
63
53/4
38'/a
38 ?4
105%
■
15%
20?a
,
63
37
50'A
51
127%
38%
•;
5%
*155
1051%
1?7%
63
36%
*127'%
38%
105%
127''%
50 3A
'■
5%
37
158
*155
50%
50%
105%
5%
367a
157
*155
154
Y
■'
63
63
5%
37
22
52%
23V4 Feb
.-25
Canadian Pacific Ry
Mills
Cannon
Capital ^Administration
$3 preferred A
3,400
-
22
;
"
11%
11%
34
*116
Campbell W & C Fdy
6,000
May
6
V
30% July 5
57 < Nov 24
l'AJun 28
'
% '
49
■'
5
.No par
5
3,500
Y
V.
•.••'/iV••.•:'%•
24% Jan 3
53% Feb 24
% Jan
4
1
Cons Copper
& Hecla
Calumet
•YVv/';:t -v'KC-<-'■ ***
50
preferred.
Callahan Zinc-Lead
bfa: 43,000
21
49% >49%.
111/2
55 =
83/a
32
Y'
12?8
33%
'Y
"'20%
49
11%
116%
l3/a
par
5%
10
11/4
-
49 ?4
33'A
■
Y'Y
48 'A
49
*48
'
-
33%
33 '
V
,vf
"
49
'
20% >21%
.'
12 Va
34
*33
Y
\
"
1%
8%
11%
116%
117'A
47
55
Packing
California
2,200
81/4
'.-•'
'
21Y
.
,
•49%
Vn
*54'%
55
*54%
>116%
V
1%
8'A
1%
8'A
8
12'A
49%
*10%
■
*54
55
49'%
11%
11%
Y Y: 1%^
33 ?a
„,_•'••
*45 ?4
,47
11%
y
28%
28%
'
•■
'
f'i'X''V-'
28%
:
vV
-No
'■*
28 Va
28
28
•-
108
13% Nov
2 Vi
3'%
Jan
Jan
Oct
19% July
19
19%
SeR
Sep
Dec
29
Dec
29
*Jan
17%
Sep
Dec
12
15%
Jan
26%
Dec
27
15'%
Jan
26%
De4
Dec
3
Monday, January 15, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
LOW
Jan. 8
Jan.6
t per snare
"
4ft
474
4»/8
4'A
4ft
91%
9074
88 ft
88 ft
89 ft
89
97
97
97
*21 ft
48 ft
39%
88
87
96
9674
96%
99
99
2174
22ft
39'A
17 ft *
17
17ft
44
43%
17V4
16
16%
16%
.
tt
%
U
74
\h
92 Va
93
ft
92
92%
91ft
92%
2974
29 ft
29'A
29 ft
X29
29'A
29 Va
22 ft-
22 ft
2274
2274
23
♦22%
23
22
29
29 ft
29
29 ft
29 ft
29 ft
3274
33'A
32 ft
3274
32
10174
101%
*101
2874
29 Va
29 Va
31ft
32
33
32 ft
33ft
102
102
4ft
317s
207a
21ft
277a
27 ft
■
;
.,<•
8ft
107 ft
5%
*5Va
1.900
v
•
87a
400
29
/
4.800
14
13 ft
1374
1374
13%
-
7.800
Consol
31ft
31%
3174
32
32 Vb
32 ft
32%
33
32 ft
33 Va
9.500
Consolidated
Natural
217B
20 ft
21ft
2074
2074
20 ft
20%
1974
26.300
Consolidated
Vultee Aircraft
277b
27 Va
27 ft
27 ft
27 ft
27 Va
27 Va
26%
24 Va
25 ft
21V8
21ft;
■
21ft
}
109 Va
2974
874
87a
,
117a
1174
467b
4674
.
21ft
5374
110
q
2974
3074
29 Va
3074
29 ft
29 ft
87a
8ft
8'A
8ft
8%
8ft
y
*110 Va
■
397a
117/b
oC 1174
4674
47 f j
*109
112 Z
,111
v
395/b
4074
12 Va
1174
q
48 Va
4774;
;:■
974
110
110
111
12
11%
48 ft
48 ft
9%
9ft
9ft
9ft
97b
9ft
974
32 ft
32%
32 ft
3274
32 ft
327/a
3274
33
30 ft
30 ft
30 y*
30 ft
31ft
31 Va
32 ft
1674
17
4974
4974
*50
17'A
17
17 ft
48'A
48
48
1374'
-
13 ft
13 ft
5074
29
50ft
7
llYa
12'A
ft
4774
48
33 V*
48
Continental
1.500
17 ft
18
49 3A
49%
14
14%
14
14%
50
50
*49 ft
140
170
>■
2074
2074
V 60
60 Va
60 ft'
20 74
2074
i
55 Va
55 Va
i
60%
6074
*18274
183 f "•'/
183 '
183
55
55 (
54 ft
547a
547b
183
207a
2074
6074
6074;
183
183
2174
20%
56
*5574
61
184
60%
184 ft
Oft
3%
6%
3%
V
6%
v
184 Va
•"
160
674
-6 ft
6ft
674
".'V 31/2
374
3ft
6'/a
3%
2574
2574
110
26 ft
109 ft
109 ft
26
,1097b
f
r
2574
26ft
26 ft
109 ft
108%
2474
25
2474
317b
32
32'A
3274
3274
37ft
38
38
47 ft
47 ft
21ft
217b
21ft
21ft
10374
10374
103 ft
103 Vb
'
90
28 ft
.29
3774
90 Va
9074
2874
19%
19 Va
145ft
2774
27 ft
2774
27 Va
31ft
31'A
*31 ft
108 ft
*106 ft
108 -
*106
*106 ft
,
9ft
*130 ft
131 Va
60
60 ft
9ft
974
132
60 ft
97B
9ft
132
597b
6ft
6ft
6Vt
19%
19 ft
19 ft
674
130
130
*123 ft
27 ft
*2678
•V
-
6ft
26ft :
1974
38 ft
91
91ft
91%
29 ft
28%
29
*145Va
27 ft
31ft
*
10874
27 ft
31ft
»
106 Va
9Vb
974
61
y
w
95/b
20ft
6 Va
-.
2,400
'38,700
,
;
.
12 ft
*12 ft
17
167b
v./
11074
*110
•
34 ft
42 ft
4274
V
36 ft
36 ft
23 ft
23 ft
3774
97B
3874
10 Va
21 Va
127a
I *12 Va
12%
,-,12ft
24 ft
V*23
24 V*
*23 VB
*
1674
167a
11074
*110
33 ft
33
42
y
21ft
.
427b
42 y4
37
*36
.
•
•
38%
107a
21%
72
V
*68 ft
r -
40
lOVa
,2174
72
39
39
:
72
*68
42%
42%
6 Va Jun
.
367/a
23 ft
23
23
;
39 %
37%
38%
f,
q
v
2ift
2174
*68
72
37
10 Vb
-
10%
9 7/a
10 ft
21%
21ft
21ft
3
20 Vb Dec
23
25 Yb Dec
22
24
Dec
29
24
Dec
19
45
53 ft Dec
18
Jan
4
5
15
-
10
73A Oct 30
105 Vs May 5...
112% Aug 31
10
;
May 24
49 ft Dec
19 ft
44 ft Jan
183A Feb
20
Jan
3574
36 3A
41ft
41 Va
41%
17%
17%
"
40%'
16 ft
4074
39 ft
38 ft
♦104ft
H--
17
*•
108
i,:."
39
4074
*10474
r
107
v:
40
1774
407a
*105
f
41 ft-
39'/a
107
*10574
4074
107
♦105%
41ft
-
4074:
39%
f
13.300
i
Distil
1974
1974
4774
*47
1974
22
::
23
23
U;
70
69 ft ;
■
12374
12374
*11174
•i
'v.
21%
23
247a
2374
24 ft
23%
11274. 113
13 ft
2374
1577a
24 ft
(v
158ft
127
127 :
11374
11374
159 ya
:
*1267/8
128
■i
*113%
114
10.700
24
23ft:
233A
18.800
: 23%
70%
71%
71 ft
126%
126%
126%
113
113
113
137a
ft
13
24 Va
,■
*23%
r
159%
1257a
12574
11374
•
55
159 ft
23 ft
159
'
>
114
58
*112%
13
'
57 ft
»:•
12 Ya
13 V4
•
4.800
■
-2.300
♦24
24 ft
24 ft
24 ft
160 ft
159%
160 ft
1257i
-•
125%
*126
11374
*113 ft
11374
'126 ft
1
7.000
7
113%
90
-
f
de Nemours
Du P
Jan
37 Ya
lift
Jan
Dec
Vv 31
17
Jan
99Yb Aug
Dec
38
16
*66
Nov
1
9ft
Jan
30
7%
Jan
Dec!
105
i
:
«
30 Yb Dec
20
18
Jun
Dec
Jan
100
14 Va
115 Va
<
Feb
15
109'/a Nov 12
.
July
-82Ye Tuly
22% Aug
Jan
10ft Jan
11 Ve Aug 31
July 11
140
l3/4
Jan
17
127
Jan
7% May
116
Dec
45ft
Sep
9ft Apr
>
24 Va Mar
96
Feb
119 ft
Nov
15 Ya
7
20
Jan
26Y4
Jun
1*7%
30
17
Jan
19
Mar
16ft Oct
20
12
Jan
19
Jun
113ft Apr
12
Jan
116
41Va Oct
3
10
Jan
24%
457/e Jun 27
3 6 Yb Oct
3
26
Jan
43
29
Jan
36 ft July
223/4 July
;
29
23 ft Oct
18
12
Jan
20 Va May
17 Yb Dec
3% Jan
V
108%
5
97/b Mar 22
3
16 Ya
21ft Dec 29
-
Oct
65
41ft Oct
42
»
v
1
Sep
17 ft July
5
387/b Dec
105
;
>:
48 ft
Apv
17%
Jan
35 ft July
Jan
33 ft Mar
37
•
;;
:
-
Jan
42 y8
8% Jan
21%
Jan
Nov 22
V: 38 ft
Feb
July" 12.
:
May
35%
Jan
i
v
Nov
17
Jan
10
9
20
49
Mar
83ft
Dec
20 Yb Sep
5
r
.
30;
Jun
Sep
July
28
7
29
Oct
10Y4 May
22Ya July
Jan
40
18
35 ft Dec
5
8
v
8% Jan
3ft Jan
37% Dec 26
Feb; 3 I
Mar 31
Jan 11
Jun
.Oct
13 ft Nov
Jan
4
Mar 17
Jun 12
Dec .1#
Jan
Nov
28 ft Dec
Oct
26ft
107
Jan
30ft
'
.253/4
.
Nov
Jun.
Oct
81'/a
14 Ya
12
'
27 ft
10
5
Oct
-
:/4Tr< Oct
4
19ft Nov
6ft
19ft
13V8
109ft
Aug
23 Va Mar
.23 ft July
Jan
15
Aug 21
29 Va Mar
.,27%
-
72 ft Nov
47
May 13
1143A Apr 26 1063A Jan 7
28JA Jan: 7 5
8V» Apr 19 •
117/b Feb 11
-137
Feb 7
, 123Yb Jun
,6•«
113
Dec 15
100
Jan:
113
Aug 30,
-
5
58 Y4 Dec
30
143/b Nov
9
20 y4 Dec
,
15 ft Jan
44
2
131-
*.
& Co
1st pfd
18 Ya
29
144
9
21 Va May 12
—No par
DuQuesne Light 5%
108 ft
Oct
100
Dec
16 ft
July
45
July
—
No par
20
(EI)
$4.50 preferred
22% July
.
Jan
.,
6May
2ft May
Dec
43% Jan
—1
;
Duplan Corp
9
:
19Vb Dec
x273A Feb 29
95
Apr 14
15ft Jan 3
:
1
International
Dunhlll
Jan
>•"
'>95:: Jan
10 Va Jan
5ft
57/a Jan
No par
Dresser Industries
500
126'A'
«113ft
128
113%
$4 preferred series A
500
14,000
56 ft
:
>
Apr
61.Vb May
186%' Sep
Jan
10
18ft Jan
par
—No par
Jan
il
14 Va
.3
89 ft Dec
17
No par
t
v?
Dec
297/a Dec
18
17
No par
I
..47
Jan
2%
28
Dec 30
Jan
f
Oct
111"
:
1
Aug 18
Apr
Aug
17% Aug
53%
7ft Nov
17 ft Jan
—5
Dow Chemical Co__
13 Va
.v:;.: 160
2474
161 ?
Douglas Aircraft
37
173
v
20
32ft Apr
•
.—No par
—
>
15
<37ft Nov 22
4..
36ft Apr
No par :
;
—
1,400
•
114
*112%
114
Cup Co
Doehler-Jarvls Corp
Dome Mines Ltd
5
105
4
3
10
25 :
4
25
11
49 Yb Aug
4 :
17 ft Jan
—No par
Dec
184Y4 July 10
7ft July 6
22 Va Dec
3
9
20
Apr 25
21 Yb Jan
100
5.500
71 »A
127 V4
58 ft
56%
:
13 ft
70%
127 ft
71 %
127 ft*
%
2
preferred
Class A
90
21ft
71ft
58 ft
-
20%
126 ft
1374
'
21%
69 7/a
56 ft
'
6.000
?
48 Va'
21
113
v
58
13 ft
,V
126 ft
:u
*48
-
47%
23%
70
21ft
48 Va
20%'
21ft
.21 VB
22
r
25
24 ft
,157
22
57 ft
13 ft
2174
47%
21 ft
12374 12574
59
13 Va
20%
*47%
22
q. 70
it
21%:
47%:
*47
2174
.
11274
57 ft
21ft
2174
47%
*47
iii'v
2174
Corp-Seagr's Ltd
5%
Dixie
13% Dec
25 Yb July 11
114Y4 May 20
2iy& Apr 28
-23
preferred—
partlc
Diamond T Motor Car Co
'
•:
0%
.
14.200
107
*1047/b
"
200
-
18 ft
173A
40ft
39%
107
*41
18
....'63
%
61ft Dec
29 ft
28%
38ft
13 ft
No
'■
Jan
'
14% Jun
-
—No par
Match
Jan
45
1
52
Devoe & Raynolds A_
*9%
41
Apr 24
4% Jun
6
20
Diamond
•!
27% Jun
7
18
5
v
32 ;
39
97
50
1.070
Sep
5
61% Oct v',7~
3 ;;
6
10
Delaware Lack & Western
3.200
49ft
July 12
3
Jan
Feb
Jan
Jan
Jan
Jan
Feb
Jan,
;
22Y» Jan
22ft Jan
101
Jan
<:
5Vb Aug
par
Detroit Edison
39 ft
Jun
July 31
3
Detroit Hillsdale & 8 W RR Co..100
71 Yt
Jun
15Ya
57
10
100
35%
,
36 Yb
Jan
27
13 Y4 July
273A Feb
1
20
Dec
16Y4 Jan:
,
5
25
1
100
No
35%
Jun
52
-
;104ft Jan 20%
100
pfd
& Co
39
lift
25 ft
<
52VaApr 28
•%; 5
Jan
I Ye Jan
8
July
48
173Va Apr. 29:
1 f
—
*68
Jun
•
7
18
Oct
23%
27% July
Chemical
39 %
Sep
Dec
107
.
18% Jan
No par
713A
110 Va
26% Jan.
;
31ft Dec
:
39
96;f< Jan
27
13 ft Mar 16
Jan
Jan
Jan
47 ft
i9
1
*68.
.17%
;
43 ft Jun
Dec
;
%
Mar 10
Aug
;
i;
Jan fk.
24 ft Apr
Preferred
7.700
16
16
18 ft
33%
89c\*
16 ";;
*4%
22
29% Dec
Oct
7ft May
No par
*40%
q
,
3974
17'A
-
Nov
4% Jan
7.ir"; Jan
,
Sep
37 Yb July
Delaware & Hudson
87.900
.
112
>
8
29Yb
•
Jan
Delsel-Wemmer-Gilbert
1,100
:3% May
19'/4 May
Jan
Decca Records Inc
28,500
21Ya
36
*40%
>
.
Jan
Corp (The)
Dayton Pow & Lt 4ft % pfd
200
36 Ya
23
Vr Jan
July
4Va
^No par
Deere
Apr
24 Yb July
105
•
41Ys Jun 16
8
preferred
6%
Jan
Jan
%
4
10
No par
6,300
38%
*36
3574
3574
42
43
%5%
Davison
16
32 % Oct
32 ft Feb
,
100
(The)
1,800
42 ft
39%
10%
39%
17 ft
*108% HQ 77,
34% 7
34 ft
23
4074
41ft
4,900
a
20
27
30 ft Nov
15%
91ft
,
25ft
Davega Stores Corp
100
16 Ya
37
36 ft
17 Vb
400
12 74
,23 Va
'
38%
10 Vb
.'
36
*40 ft
7/a
■fi
1G3A
V
34 ft
3974
ft
35 ft
36 ft
110
34
-12 ft
23ft
;.
V-
23
39%
1074
21ft
10 ft
16%
..
*36
23
39
12 ft,
'24
*108%
34
42%
37 '
23
3974
_
16
16% Cv.l
110
33 Va
4274
23 ft
21 ft
*39 ft
110
33
*36 "J.
'
16 Va
17
11074?
23 Va
•'.«
*68 ft
35
16ft
.
33 ft
VV: *1103
337b
*1274
24 ft
*23
1274
*23
A;,
24 ft
Deo
.4
5
m
12 ft v;
*23
~3%
5
19
108% Oct
,
12
102 ft Jan
20
Feb
par
^-30
Cutler-Hammer Inc
4,000
:
18
4% July
25% Oct
40%
-
Oushman's Sons Inc 7%
27
Nov
16
Inc..
preferred
Curtlss-Wright
130
26%
27 ft
Sugar
A
Jun
24 7/a
Jan
45
15 Va
No par
97ft
No par
%28
100 % 69
100 --j 20ft
^.10
113A
100
112
$7 preferred
Class
25
Jan
21 Va Mar
9
Prior
10,600
Jan
10ft
27ft Mar
No par
preferred—
Curtis Pub Co
,
140
203/a
•123V4
130
.27
29,400
f
613A
61
Press
4Va%
23A Jan
17ft
5
Dec
103
:
Jun
30
Dec
Nov
No par.
preferred.
Cuneo
29 ft Dec
31'
22
Cudahy Packing Co
400
:
131
20%
*123 ft
27
<
9ft
6 v4
20 ft
130
32 ft
130
6ft
6ft
2674
7c/o
'
6,200
108 ft
31ft
*107
61ft
20%
*123 V4
23,700
•ts
"7;C
11
Nov
No par
preferred
preferred
5%
Jan
9 Vb
23
.100
2
Cuba RR 6%
Cuban-American
,27
60 ft
iv
6'A
27
267/8
■
131ft
6%
130
150
9%
9%
*130
20 Vb
674
20 ft -i
•3,620
t;
-
974
61
145 Va
108 ft
*107
132
6074
*
31 Va
*31 ft
,
108 ft
130ft
18 Va
187/a
27%
27 Va
7
1,800
28 ft
27/a
9ft Dec
(The)
Crucible Steel of Amer.
23,600
4
1 % May
17 Va
-1
1
Zellerbach Corp
'
92
'
28 74
150
*145 ft
-
31-74
2774 V
92
-i
19 ft
1874
19 ft
'-'2674
•
-
150 vi
*123 ft
£■
27
•
39 ft
38%
July
Dec
26
18 Va Jan
3
12
Aug 8
14% Jun 15
25
$5 conv preferred
350
104
*103 Va
27
ll'AJan
A00
preferred
$2.25
Crown
Dec
Jan
Nov
..20
Crown Cork & Seal
'
3,900
82
21 Vb
24 Vb
Co
Trust
(The)...
Crosley Corp
Jan
13
33 Vb Jan
Refining
Cream of Wheat Corp
200
21%
21ft
40
4.400
-
,
49
*4.7 ft
*
103%
103
3874
187/b
1974
131
60 ft
20
*123 ft
*129
10374
91
-<•
*145Va
31ft
27 ft
*30
21ft
21%
3774
2974
*145 ft
48%
21%
2874
3874
90
3074
18 ft
1874
■17%
3774
39
4874
21%
10374
90
38%
10374
21ft
S
29 ft
37
37
3674
■>•89 ft
2174
*103
-
36,800
38 Ya
38 ft
38%
*47 ft
;
.
32 3A
Jan
36 V4
29 y4 Nov
l
3
preferred—
conv
1 Vs July 13
957/b Dec 30
sa
3
14
Co
5%
540
>
Sep
Jun
July
5Va Jan
Inc
Internat Corp
Crane
25,400
:
.
34 3A
33 ft
48%
0 38
38 ft
49
Coty
H:'r- 2,300
24%
.: 32 ft
34 ft -v
Av'
Coty
4,300
;
•
24Ya :-2474
2474
38 ft
27ft
10974
108 Va
7.800
t
3 %:/;-
24 ft
25
*4774
•
27
109%
32 ft
37
6ft
3ft
27%
109 Va
V
109 ft :
49
317b
*47 ft
•
26ft v
'109 ft
3%
2474
'
25
■?*24ft
v
26
"
:
-
6%
374
674
3ft
16
26 Yb Sep
'
•
6ft
>'> 3ft
Products
Preferred
;
Jan
24
x
Exch
Corn
9.052
—
Bank
Corn
660
•
61
6074
184 Va
;
56ft
56
56 ft
6074
184ft
,
28.500
22 ft
21
21ft
9ft
3
12ft Aug 12
38 Vb Feb 29
5.
,
10% Jan 4
-50
47
Mar 20
Corp—.115% Jan
3
Electric
Cornell-Dubilier
44 Va
Jan
% Feb
No par
No par
Copperweld Steel Co
Conv pref 5%
series
14.800
-
;
"
107ft
Jan
No par
Cooper-Bessemer Corp
$3 prior preferred
'
-
Jan
29Yb
^
5
Continental Steel Corp
3.500
1774
49%
Jun
104ft
July 15
18 Ya Jun 16
Jan
<..$2.50
.1
Del
of
m
Feb
5
Motors
Oil
16
4I„July
Jan
7Ya
100
Insurance..
Continental
13,300
:
32 ft
*31
32 Va
<
Continental
109,800
;
33 ft
Oct
19)Vi July
;
Jan
25ft
50 Vb
15 >'
Jan
30ft
r
-2ft
-20
Cont4nental Diamond Fibre
5.200
108;
Feb 11;
9
:
.,
13 ft July 19
No par
Inc
Can
7
Sep
" Oct
.
ft July
.
19
•
Jun
77ft
.73.
16Y8 Jan 13
7% Jan ; 3
-.20
of America.*
preferred
2.400
10
93A
10
8%
Continental
8.000
-
:
i
:
50
Continental Baking- Co
300
3974 >
23
'
15
43ft Jun
102Ya Jan 15
-1
$4.50 pfd—No
Pow
Container Corp
,11.900
112
39 V*
6%
Cuba
pur
•—No par
pfd
100
25
preferred
Consumers
180
6.100
8ft
874
•lUVa
50
:
v
V
of
RR
$2.50
Dec
.49 Ye Dec
3
5ft
.
.
..15
Gas
Consolidation Coal Co
200
14
8ft Feb 23
21Yu Jan 27
20ft Jan lo
95 ft Jun 23
3 Va Feb 17
21Va Feb 23
No par ~
pfd
conv
Consol
4.600
;;
29
$1.25
1.800
:
15
Feb
84
Jan
%40ft; Jan
37
; Jan
79 Va Jan
.—5
$2 partlc preferred
Laundries Corp
>
15.400
110
.<
1774
1374
50 ft
1374
*50
50ft':
:
:
7
*48 ft
i
i
;
53
33 ft
9%
32 Va
17;
48'A
23 ft
110
12
33
17
1274
13
50
3074
■'
49%
17
*48
,
;
.
20 ft
40
39 ft
-
27
*52%
111
111
40 ft
20 ft
.
19%
24%
53%
110 Va
;
23
2374
20%
5374
109 ft
,
29
2174
,
53/a
5%
5ft
i- 29ft
537a
407b
11%
4674
21
.
24%
24 ft
*5274
5ft
-29
*5274
112
.nu
38%
20 ft
i
.:
2974
135/B
574
98 ft Dec
lYs
21
79
No par
—1
29
397b
1274
$5 preferred
Consol Film Industries
14
2974
111ft
50
107 ft
107 Va
107 Va
"-
No
297a
53%
,'2978
,
I per share
24% Jan
No par
5
prefeired
13 ft
109 ya
110
:
574
4
$4.75
Consol Edison
33.200
6
12
Feb
"
No par >
Consol Coppermines Corp.
of N Y
20.400
'
25%.;,"
5ft Mar
93
14 Va Apr ' 18
No par
29
•
25 ft
vt
111ft
10774
107 ft
10774
Congoleum-Nairn Inc..
Consolidated Cigar
5.000
5ft
20%
52%
Highest
I per share
97ft Dec
40 Va Feb
No par
3,100
-
37/a Nov 27%
Jan
3 '
Feb
7 *
105
23
Conde Nast Pub Inc
%
16ft Apr 247
39'/a Jan 25
No par
1,400
400
4%
;
Co
Edison
13 ft
*5274
21
t per share
■
76
37 V2 Jan
par
Commonwealth
2974
247b
2974
4ft
__No
preferred series
$6
3,600
•
'
:
par
8,500
23 Va
25 ft
par
Nc par1
2774
,317a
Lowest
%
70
,:
Commonwealth & Southern_.No par
33,000
'
t
,
100
preferred
conv
21'
;
110
4ft
2574
4ft%
\
.10
13
; i
12%
52%
4ft
25%
No
par
_._No par
:
Credit
29%
5ft
29 ft
12 ft
233A
4ft
25%
Pictures
preferred...
5ft
*5%
29 ft
2074
4VB
257b
No
Commercial Solvents
102
4ft
2574
107
108 v
10.7%
102
*
Va
4
25 ft
107%
107%
il
i
2574
4ft
2574
101ft
102
102
4ft
25ft
...
Year 1943
Highest
$ per share
>
-
100
100
Co
10,200
■
No
Comm'l Invest Trust
32%
29
%
$2.75
Carbon
Commercial
ioo
29ft
102
Par
'■:■;
>■■■■
-
.7,200
i
■
%
937a
29 ft
Columbia
-
2,700 ;
k
;
44
9274
29
4ft
Range for Year 1944
preferred series A
preferred
Columbian
200
"
43%
1674
5%
,
29 ft
31
,
109
*107
A
44 Va
6%
1,000
'
?
93'A
2274
29'A
39
*107
48 ft
39%
29 ft
25 ft
Range for Previous
-
Lowest
Columbia Gas & Elec__._
220
7'7 3,100
22
213A
48 Va
39 ft
17:
■>•
v:':77
4874
39 Va
109
*107
.
23
*101
"-i
1,800
i;.-
100
99
<
:
•
74
29 ft
#
i
STOCK
YORK
EXCHANGE
97,900
88
39 ft
109
*48
48
39%
;
,
7
94
93
93 ft
♦22ft
*
V.
44
JO
•
'
•
88
435/a
43 ft
j
93 ft
•
;
48
3974
•
3974
10874
*107
22
2174
22
48
*46
43 ft
17
17 ft
167«
93 ft
87%
.!. ;93
93
88
ft
45/a
474
4 ft:
474
92 ft
88
2174
:
Va
107
42 ft
474'
474
474''";
9174:' rJ" 92
95 J/4
48
107
43
:
87 Va
ft:;
39
39 ft
107 ft
42%
NEW
Shares
t per share
t per share
snare
91 Va
91
2174
*46
39ft
*106 ft
,
2174
21ft
*47
t per
per jhare
for
the Week
Jan.12
;
'
90 ft
*95
Jan.11
Jan.10
Sales
Friday
Thursday
Wednesday
Jan. 9
•
snare
per
■
'
:
STOCKS
AND HIGH SALE PRICES
Tuesday
Monday
Saturday
-
29
-■
Nov
122 ft. Nov
X106% Deo
r
;
25%
Sep
> 73 ft May
153 :• May
i
107%
Dec
Jan
35Va
Jun
5ft Jan
10 ft
Dec
16
-t
9
162 ft Jun
19
<
7
V124
120% Jan
20
Jan
134
128 ft Dec
>
.
•
115%
13 Ya
Apr
Jan
159 ft July
Deo
130
Aug
Deo
121Y4
Sep
11%
Dec
H
1374
14
4174
42
>21 ft
22
186
185
1474
14 ft
14%
14
1474
14 ft
14 ft
14
4274
42
42'/a
41
42
41ft
41%
41c/a
22
181ft
j 181
j
1374
42
ft
22
22
ft
22 Va
23
22 ft
180
y
181ft 181ft
*185
188
■
22
22
180
*178
180
188
*185
*185
188
52
5174
52
52 ft
5274
23
*■£22%;
*22 7b
23
23
23
10 ft
107a
44
44
44
1474
15
'
♦185
52 ft
52 ft
23
22 ft
22%
v
I'lOtf-i-
1074
10%
lOYa
Elastic
44 ft
10 ft: :«to3A 008 ;o
44 Va
44 ft
5,700
44 ft
3.300
Electric
15 VB
1574
15 Va
13.600
Electric
157b
15ft
157b
15%
15%
57/a
574
574
5%
6%
6
37/b
4
374
4
3%
4
4
112ft
113
11274
113 ft
112
11274
112ft
107 7/a
10774
108ft
108
108
107 ft
4574
4574
4574'
46
47 ft
47
19,600
112%
112%
112%
6,600
107 >v:107
2,000
$6
4ft
47
47 ft
v
47 ft
1,300
35
35 ft
36 ft
35
35
35 ft
36
35 ft
36
2274
237b
22'/a
2274
22%
24 ft
24 Va
25 3A
25
267/a
34,900
68 VB
68 Vb
68 ft
68 ft
68 ft
68
68 Ya
400
*104Va
105
1674
16%
16
*100%
101ft
*.'10274
*105
105
.
68ft
*10474
105
*67
105
105ft
105ft
80
17
16 Ya
17 ft
48.000
102
101%
102
*100
1013A
340
102
103
10274
103
102
103
730
105
105
106
106 3A,
106 Y4
180
16ft
1674
16%
10074
101ft
1017A
101 Vs
101%
103
10274
10274
10274
103
10674
105
105
105
1ft
lft
lft
1%
1374
14 ft
-14 ft
1474
6874
For
69 ft
footnotes
69 ft
see
70
page
.
105
174174
f
1474
1474
6a%»—70ft
223.
3,200
16%
*104%
ft
105
1674
105
1%
1%
1%
14%
14%
14 ft
70
70 ft
71
&
$7
107 3A
35
*67
Elec
4ft
2274
16 ft
t
47%
4.700
6
6874
*104 ft
"
47%
15 ft
6
4
6 ft
35
2274
*67
.
48
>
lYa
15
71W-
*104
1%
lYa
20,900
14%
14 3A
105,600
70 Ya
71ft
3,700
Auto-Lite
2
1
—5
3
(The)
Boat
Mus Ind
Am
shares
Electric Power & Light
preferred
preferred
No par
—
Battery
Electric
8torage
El
No par
No par
No par
Natural Gas.
Paso
Emerson
—3
Electric
4
50
Mfg Co
Endicott Johnson Corp
4% preferred
Engineers Public Service
$5 preferred
$5ft preferred..—
$6 preferred..:
tEquitable
Erie
RR
5%
Office
...
Bldg
common
pref series A
Jan ;'- 3
Feb
7
Jan 24
Jan
3
May 1
Dec 27
Jan
4
10
Apr 18
3Yb Jan
4
3ft Nov 17
81ft Apr 25
78
Apr 24
39 ft Apr 28
273/4 Feb
7
100
4
Stop Nut Co
Apr 25
6Ya
157
175
41
163/4
8ft
37ft
No par
preferred.!
Eaton Manufacturing Co
Edison Bros Stores Inc
44 ft
33
5
Corp
Kodak Co
cum
103A
57/a
«; 35
f
2.200
6%
44%
15 Va
*107
:i*52 kJ;;52ft
V/22Va Jr 22 Va
i
Stainless Steel
Eastman
160
11
4
107
900
-185
44 ft
574
112ft
.
44
ft
374
111ft
52%
;;185
Eastern
.'
100
i
No par
No par
No par
No
par
No
par
..100
,
15
Sep 13
57 ft Jan 25
101 ft Jan 19
8% Jan 3
87
Jan
3
89
Jan
3
92% Jan 10
Ya Apr 25
9% Jan
465/a Jan
4
3
6
9Ya Nov
Dec
15
253/b Dec
5
31ft Jan
3% Jan
Dec
30
14 Vb
10% Feb 28
——-10
Eastern Airlines inc
2,500
700
574
q 10574
188
•
<,180
•179
180 ft
5.000
413A
22 ft
1074
11
43 ft
riao.-f,.
52
*22%
22 ft
180
■
5.600
14
v
Eagle-Picher Lead Co
:
July
41
146 Va
44% July
8Ya May
Jan
170
May
195
Sep
9
*173
Sep
184
Jun
52
Dec
30
35
Jan
45 Ya July
24 ft Dec
15 :
11 Ya
Feb
19
15ft Sep
25
30ft
Jan
178
45% Aug 18
15% Dec 15
6 ft Oct
5ft July
•?
Sep
39 Va
July
14
Mar
8%
Nov
13
1%
Jan
5Yo May
3
lft
Jan
6Y4 May
Dec
14
31ft
Jan
103ft Dec
16
28ft
Jan
f
47 Yb July 11
343/4 Nov 27
33%
Jan
o42Y8
23 ft
Jan
110
92
Nov
88 ft. Nov
Sep
*32
Sep
223/4 Dec
30
68 Ya Dec
7
49ft
Jan
58ft
July
108 va run
3
101ft
Dec
103 ft
Dec
17 Va Dec
15
2%
Jan
9 V2
104
Dec
29
105
Nov
107
Dec
Sep
54
Jan
92
Sep
4
57%
Jan
92ft
Sep
29
62ft
Jan
96
Dec
l3/4 Dec
4
ft
Jan
lft Mar
Dec
20
8ft
Jan
16% May
523/4 M
14
70
Dec
15
39ft
Jan
Volume 161
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4351
NEW YORK STOCK
LOW
Tuesday
*85
Jan.10
per snare
*86
90
13
-•16 %
V.-
$ per snare
89
12%
•13
13%
13%
88
*86
\
*86
12%
16%
16%
16%
16%
16%
44%
45
45
44%
45%
44%
6%
43%
43%
25%
27%
13%
13%
7
7
43%
44
28%
31 i
13%
13%
6%
7
•
:
*
"16%
*6%
*17
<:•/
44%
.44 Va
45
44%.
45 Va
30%
30
30%
30
30%-:
13%
13%
13%
15
14% V15%
'
■
:
.
-
17%
17%
106 Va
18%
18 V4
18%
18
18%
30
14%
19%
44%
29%
■■:-•"
•
106%
26%
26 3a
*23%
27 %•
'
27%
23%
;
24
9%
23%
9%
30
9%*
15%
*107%
44
44
24
29%
29
29%
-
24 Va
24 Va
24%
24%
•
10
10%
9%
29:t/4
29%
29%
29%
105%
105%
105%
%:
25
51
51V4
58%
108'/a
/..
108%
44
% '
24
111
41%
29%
10%
30%
25%
108%
*109
29%
23%
57%
108
108
44%
44 Va
24
24 %
*109
,42
■
111
31
24%
41%
31
31
42
*107%
/
■
108%
44
111
30%
;
7%
-.i,
7%
31
31
•;
.
31%
31%
7%'. ;7%
if7 '■
49
50-
7%
50
■50%
•
31%
71
•
'■
16% ;?
72' «
72 "
'-27^
25%
17%
27
25%
.
16%
■'%
71
27
/
"•
16%
7Va
7%
7%
V;
7%
7%
7%
25%
•.-17
;
*126
133
34
*126
»
34%
*
34%
34%
44%
44%
43%
44%
43%
*114%
114%
114%
114%
:< 7%
7%
7%
7%
28 Va
27%
28%
25
Va
25 y8
25%
18%
17%
18%
*125
Flintkote
•
National
$4.50
Co
33% Jan
; 3
44% Dec
20
21% Jan
3
47% Dec
2
3
14% Jan
17
17% Dec
8
2
Stove
5%
5,900
25%
460
173/a
8,300
Stores
Foster-Wheeler
6%
44%
43%
114%
114%
2,300
44%
114%
114%
4% %
6,300
Gabriel
86
4
*>uo
42
•
Mar
28
Nov
8% Nov
6% Jan
May
11%
Nov
19% July
105% July
Jan
24
18%
Dee
29%
Apr
16
13
Feb
18 V*
Deo
Jan
6%
3
32
Dec
11
15
5
108
Dec
29
78% Jan
Jan
3
Dec
3%
Jan
Apr
25 V* July
98 Va
27% Aug 21
13%
Jan
27
53% Nov
2
42
Jan
50%
8
57% Dec
30
25%
Jan
43
103% Apr
25
31%
Jan
Nov
19 Va
Jan
38% Feb
35% Jan
109
4
Jun
3
44
Aug 31
26% Jun 19
4
18% May
Jun
Juri
July
39%
Jun
15%
Jan
13
111% Dec
19
97%
Jan
109
34%. Jan
13
42% Dec
22
25% Jan
36
Jun
24% Jan
3
33% Dec
12 ; :
19% Jan
3% Jan
28
Jun
10
5% May 16
43 % Aug
Trailer
1
16
Nov
53% Jan
5
69
Dec
16
Jan
20
18
pfd
10
Co
1
100
preferred
15
30% Jan
29% Jan
:
Jan
3
103
,
No par
1
2% Jan
12% Jan
•13% July
J; 54
Dec
■'
19% May
.
Dec
13/-V
10%
Jan
*?«■>
16%
Jan
21
5%
Jan
15%
116
3
20
'
"
'
'J
5
Sep
17'
May
Dec
75
60'; Feb
29% Dec
36% July li '";'
44% Dec 30 -v
18
9% July
'53
,Jan
J9% Jan
39% Feb
Dec
17% Sep 26
135
Dec' 16
4
Apr
Jun
July
25% Dec
29
4
13
70
100
Jan
13% Jan
22 Vs
30%
7'
29
10
....
7-
29
25
Corp
8% July
58% Mar -7
9
11% May
.10
Corp
Co
Fruehauf
200
'
Aug
30% Nov
21
Jun
3-/4
10% Aug 18
17
Sugar Co..
Freeport
14
Jan
1C4V4 Jan
Sulphur
7,600
%
Jun
29 Va Mar
24
45
■v
F'k'n Simon & Co Inc 7%
130
19
•
Nov
25
preferred
prior
Francisco
20
27% Nov
$2.50
1
27%
14%
4
Jan
100
25%
9%
Apr 26
Apr 24
93
Corp
Machinery
-
Jan
Jan
i
Inc
Food
105
Nov
78
22% Jan
par
preferred
conv
500
*43%
5
21
share
per
—100
Steel
Follansbee
71%
43%;;
17
Co
Fair
114% '
19 %
5
No
18
Jan
—No par
Stores
Food
43
14% Jan
>100
No par
Florsheim Shoe class A
'9,500
1,250
37
9% Jan;
(The)
1,500
36%
-No par
Ins N Y
17%
37
6% Dec
preferred—
Florence
1,500
■
.
52V4
114
-■
First
>16
*125
25
Corp
27%
130
36%
36%
7%
;
•:■
130
35%
43 Va
114%
71
•70%
*125
35%
114%
72
71 Va
18
:
130
35
'
16
25%
18%
*126
51
16%
16 Va
27%
25 Va
18
130
>
25
'
18%
28 V«
'27%
25V4' ■'<
52%
16 Va
51
*70 Va
72
; *71
28
vi
17
16
51
49%
46 Va
51%
.;i6./;
•
*16
1,900
y 1,000
"
487/8
.
*:
*214 Jan
preferred
3,800
42
31
Enamel
4%%
--'.V'.':
■
'
vVf
2.50
Fidel Phen Fire
-
■;
*41%
....
Fire.stone Tire & Rubber....
600
44%
41%
I'
4,000
24%
41%
;;
47% Dec
1.800
:
.
110
*109
3
Dept Stores
conv
preferred—
4%%
Ferro
1.400
57'%
23%
24%
*109
31
51 Va
21% Jan
Federated
150
-
3
Federal Motor Truck
2.900
'
25%
51%
571/4
.
44%
24
v;
111
*109
•;/
41%
44
44%
23%
:.f.
25%
108
108
107%
44
24%
:
41 Va
■; ;
■
107%
51%
58%
58%
%
104%
25
51%
52
58
*104
105
25
25
51
57%
-
*104
105%
25
51%
57%
111
;;*4i%
25
51 %
44%
24%
*109
42
24%
105
29%
14
Federal-Mogul Corp
600
12.600
29
'17% Dec
mimm—,
km -
:
Jan
5% Jan
18
$6 preferred
Federal Mln & Smelt Co
4.700
.
•
10
% 68%
3%
9% Apr
Fairbanks Morse ft Co
10
9%
Corp —«.%. *
Highest
I per share
84% Aug 24
13% Oct
4
/6%Apr 19
Farnsworth Televls'n & Rad Corp.l
Federal Light & Traction15
9,600
;
108
•
23%
30%
57%
*106
28 Va
30%
i
108
-
24
9%
58%
*106
28%-
105%
51
108
*106
15
Lowest
5
Fajardo Sug Co of Pr Rico
33,80a
23%
9%
26
50 Va
58
cn O
Exchange Buffet Corp
-,-79,300
20
19%
Ex-Cell-O
4.200
-
-
..
Products
$ per share
78% Feb
5
Co
4.500
28
.
30%
106
25%
108
97/H
30%
*105%
*106
Cleaner
Evans
"
*105 Va
■
18%
106%
44%
'
•
Vacuum
2.800
•
6%
"
43%
29%
:•
Eureka
Year 1943
Highest
I per share
50
4,600
44%
?
Range for Year 1944
Lowest
Par
12.700
16%
6%
STOCK
YORK
EXCHANGE
Erie & Pitts RR Co
13
44%
6%
•
v
-
44 %'v. 45
6%
•.
12%
•
NEW
90
16%* 16%
45
*6
*86
90
Range for Previous
Shares
13%
13
13%
16%
I;
the Week
S per share
$ per share
v
89
16%
6%
Sales for
Jan. 12
Jan.11
$ per snare
14
:
*86
Friday
Thursday
44
:
STOCKS
Wednesday
Jan.9
s
snare
RECORD
PRICES
Jan. 8
Jan. 6
per
HIGH SALE
Monday
fSaturday
t
AND
Sep
38% July
31% Jun
7 Jan
5
G
7%
<
4%
.
4%
4%
4%;
7%
4%
4%
4%
16
16%
16%
16%
4%
■
18%
16%
5%"-y.
5 Va
5%
..17%
18%
.
4%
16%
.
,7',v;
y
7%
*7
16%
Gair
37,300
■
Co
(The)
Inc
Co
A
c»
(Robert)
7
2% Jan ; 4
July
2%
Jan
1%
Jan
9%
5
5% July lo
•;
Jan
4%
7 16
*16%
.
16%
,
17%
17%
17%
17'A
17%
18%
18%
18%. .v::'
*16%
16%
*16%
16%
16%
16%
16%
16%
68 T
*64%
*64 %
7%
:
7%
23%
23%
I; -:.
68
*64%
■
i 7%:
7%
23%
60% : 60%
59
59 %
13
13
13%
>■:
13%
*107%
51
-
108%
109
7
51%
1';
77
9
9
?,T
13
*108*'2
51%
9
59
58 ■/
58%
58%
13 %
13'%
110%
52%
*108%
110%
8%
9 Va
160%
160%
160%
160%
18%
18%
18%
6%
6%
20%
118%
118%
£■
6%
20%
28%
*118
28%
*156
39%
"
40
-7'
118
7.
28%
160
*156
39%
39 %
6%
77 21
.7 118%
*28 %
160
6%
21%
:
6%
'
39%
59
59
13%
13%
13%
110%
*108Va
52%
*51'A
51%
9 Va
9Va
18%
118%
122 Va
28%
V 122
39%
122%
29
v?/
40
39%
7 41 %
41 %
41%
■
41%
41%
41%
*108%
108%
3-la
3%
41%
41V4
•
-a
39%
41%
41%
%
*108%
108%
3%
3%
3%
134%
*134%
108
108%
108
%
108%
3%
3%
«-fy
preferred..
50
51
Jan
3
58% Dec
14
10% Feb
11
16% Dec
19
41%
108 V4
3%
3%
conv
$6 preferred
Amer
General
$8
no
Transportation
1%
General Electric Co.
No par
7? 35
General
5,300
No
$4.50
90
108 V*
Oct
6%
Jun
14%
Foods
Corp
preferred
9% July
Apr
40
par
*
Feb
11 Va
Jan
107
Aug
:• Jan
51
>Jun
Jan
Apr
Dec
9%
Mar
Jun
151
Aug
4%
2%
8% May
Jan
18% May
713/4
28
Jan
7%
29
Jan
Jan
9%
Jun
98 % May
20%
Jan
Dec
4
130%
Jan
40% Dec
24
Nov
Dec
Jan
5%
15
30%
Jan
39% July
34
Jan
44Va July
29% July 12
16
6
108 3si Dec
No par
124
19
Feb
6%
134
/
7% July 10
22 % Dec
53%
37
20
29
Jun
102 ::
■
6 ; ;
Now
19% Dec
Jan
9.3/4 Jan
13 *
161
4
25% Apr
140
3
51
27 '
3
81% Jan
No par
Nov
54% Oct
11% Jan y 4
;
—100
Cigar Inc
preferred
109:
3
100
7%
28,900
'
preferred
cum
par
8
4% Jan
-No par
No
24
Feb
6% Jan
5
A
28
143
par
66'
21
7% Jan
5
No
Corp
JUn
41% Apr
5
Baking
General
105
No par
::
...
preferred
Class
10
iv;
No par
General Cable Corp
780
39%
41%
108%
H O 00
30
General Bronze
.
'
*
28
23% Dec
14%
6
7% Dec
1
Gen
; 1,500
29%
•
-
Nov
3
6,000
163
*157
•40%
26
4% Jan
16,100
7
28
13 % Feb
—
10,300
123
*287/B
' c,
163
y ■
20
18 Va Jun
,
62% Oct
■
14,000
•
22%
122%
:
29%
*157
163
-
22 v4
227/a
loo
»
18Vk Dec
14
Industries Inc..
Gen Amer Investors
1,300
1 „
18%
7
7%
22%
28%
28%
*157
40
7
•
18%
28
20
__
1
preferred
Wood
5%%
11,100
9%
161
*160%
'v:/;
18%
16% Dec
7 15% Sep
Ao
Co
6
__5
260
52 Va
9 V4
9%
161
161
18%
2,800
110% yy;> /
par
No par
(The)
17 V* Dec
Gaylord Container Corp.
Gar
14,100
y.
Co
Gardner-Denver
700
$3
58%
22%
160
;' :
24%
161
7%
.
68
24
..
6%
:
preferred
Gamewell
4,100
.
'"■■7%'yi.y;
x7%
-
;y,'.
*108%
■V 21%
:
21%
118%
28%
160
9
:•
6%
1,400
13%
52 V»
18%
20%
7%
7%
'
18%
16%
•64V*
24%
v; 52%
18%
16%
68
24
160%
18
-
£
18 V2
.
17
•
7%
24%
;
18%
160%
; *64%
68
7%
23%
13%
59
52
*64%
7%
24%
160%
:•?8%
•7
7
108%
52- -v
68
7%
24%
24%
<
17
Jun
4% May
"
1»>
155
43% July 12
21
117''
:
Jan
3
•
32 Va May
148
113% Jan
V..
Nov
119%
Sep
3
Dec
■
'M. 3% '
■134%
113
64%
••
*134%
*
114%
131
64%
*127%
127%
127%
128%
55%
55%
10%
11
11
23%
23%
23%
127%
11
23%
128
3%
-y;
t 118%
118%
1311/4
64%
65
64
64%
.v.'--;.'
129
y
102
Jan
900
55%
54 %
54%
53
18
11%
11%
11%.:
10%
11
$5
23%
23%
23%
24
23%
129
53
10%
10%
8,300
Common.
23 %
23%
5,700
Gen Precision
3,200
General Printing Ink
24% /
Gen
800
V
10
preferred
.129
53
11
<
3% Aug 30
4
Mar
100
53
128 Va
128
115
128
preferred
General Motors Corp
28,500
'
10
5%
80
i
2% Feb
General Mills
1,400
131
118 V*
No par
$6 conv preferred series A-No par
No par
150
136
136
Gen Gas & Electric A
15,300
132
117%
65
*128
; 136
'■■■
*131 %
132%
64 %
7
136
135
132%
:
3%
54%
56%
*54
J
118
131%
64%
64%
64%
135
*116
136
xll3
132%
*131
64%
136
113
113
113
133 'a
*131
■
No
Jan
140
Sep
26
120
Dec
14
83 Va
Jan
107%
134% Nov
18
128%
Nov
137
July
July 12
44 %
Jan
56
July
Nov
11
51% Feb
1% auc
4
66
93
July
120%
Dec
Sep
Adv
125% Jan
28
130% Oct
4
125%
par
36% Jan
3
56 Va Nov
4
17%
Jan
par
4% Jan
3
Jan
6% July
18% Apr
26
133/a July 26
233,4 Jun 17
2%
No par
A
par
No
No
Outdoor
13%
Jan
24% May
131% May
•
39
Nov
'
9%
9%
107%
107%
107%
2%
2%
2%
30%
31%
9%
*106
2%
31
30%
'i
' v
>: 4
'-
*120
123%
*120
•
:■
4
4
9%
*106
19%
••106%
*26%
31
123
26%
19%-' '19%
;*29 %
110
15%
15%
95
95
22%
22%
*105
*
52 %
*105
52%
*101%
*15%
3%
103
105%
25%
3,200
*52%
53%
100
165
53%
102%
103
15%;
6,300
JGoebel Brewing Co
1.120
Gold & Stock
8.200
Goodrich
103 Va
103 Va
'
54%
4%
19
111%
15%
15%
15"
15%
5%
6%
6%
6%
5%
5%
5%
*18%
19%
*18%
15%
16%
15%
5%
4%
4%
*18%
19%
15%
15%
41
41
*24
14%
49 Va
15%'
*62
66
54%
->
23
24%
>'15
15%
;
49%
23%
50%
23%
75
56
56
23%
23%
23%
*65
23%
51%
35,600
8,000
Green Bay
24
Green
24%
105 Va
..
31%
15%
49% £49%
iif»
33%
"
34%
175%
,7:
16%
17%'
16%
18
64%
63%'
64
53%
64
49%
V
6% r
175
175
50%
50%
50%
50%
50%
100
34%
20,300
6%
17.600
32%
34%
33%
6%
6%
174
176
104%
104%
*104"; TD4%
33%
32%
•
6%
6
16% 7 17%
,
62
■U
175%;
62
*;-ie%
%"-i
6%'
6
174%
i05y8
*104
105%
*304
33%
33
6
*175% ,177
61
105
•
33 Va
*5%
.
*104
6%
c%
175
1*75
V-
17%
18%
17
17%
62%
'
63%
62%
63
50%
50%
50%
51%
'
75.300
.4.500
*
16.600
20
Prop—No
OH
17
Jun
23% Mav
•
par
3
43/4
Jan
5
,603/4
Jan
74
5
Jan
14%
Jan
7
104% Dec
27
59
Jan
85%
t.\ 18% Jan
4
25% Dec
12
143/4
Jan
22% July
41
Jan
48
x83
45
•
26
Apr
2 3/4 Jan
-
85% Jan
40
4
1
1%
Jan
3% May
5
73%
Sep
19
24%
Jan
97J/4 Aug
45% Sep
104% Nov
51% Dec
30
25%
Jan
3
112% Jun
26
90%
Jan
17% Oct
-5
4%
.
7
Aug
5% July
7 19% Dec
16
32% Jan
•
8
3
42% Dec
23% Jun 28
14% Dec
18
3
257/a Jan
July
21
49 % Dec
Dec
8
5
73/8
29%
Feb
24
Dec
13%
Dec
13
20
30
Dec
9
163
Nov
28
67
Feb
3
553/4 Dec
28
24% July 15
105% Dec 11
May 23
43% Feb 17
19% Feb
17
100
1053/4 Dec
11
1
11
.123
No
par
25
18
Apr
3% Apr
32 % Dec
2% May
Jan
9
29
21%
Apr
17
July
13% May
37
Sep
26
July
18.
•
Jan
23%
Oct
6%
Jan
30
3
57
»
Jan
15
,
102:
41% July
108% July
9% Apr
-
Jan
7
25% Mar 15
-17% Nov
:
5
243,8 Jan
No par
Jan
3
8
No par
^
83
Jan
9% Feb
•
Oct
Jun
Dec
4% May ,4
363/a Feb
<
Sep
54% Jun
175
104% Jan
No par
100
Corp
7-; .•,■■■
Aug
9% May
May
7
3
>
Feb
98
52
1433/4 Feb
1
Jun
9
16% Dec
par
100
Inc
253/a
105% Aug 23
v
100
No
preferred
8Nr
July
30
pfd—No par
Sugar
Sugar
preferred.
Gulf
Feb
15% May 18
Gulf Mobile & Ohio RR.
U
Jan
3
& West RR
KH $5,
Dec
91
24%
90 % Dec
10
Grumman Aircraft Corp
,V-
Jan
3
Guantanamo
&i78%
230
175
<
22% Dec
No par
Ore
Co
/
Jan
14%
33/4 Jan 20
_
L)
15 Va
Jan
16%
15%
1 % Jan
Greyhound Corp (The)..
4%% preferred......
17.900
'
*104
(H
9% Jan
60
18
Aug
23% Mar
9
13
30
8V2 Jan
Preferred
2,100
57
Dec
115
Jan
31% Dec
—No par
Great Northern Ry 6%
Western
27
''
15%
26 3% Dec
5
Co
Iron
110% Dec
i
6
1
No par
—
Motors
City Steel
(W T)
Jan
/Mar
6
——No par
—
Hosiery
Nor
Great
140
75
56%
100
preferred
Great
8,000
162
*65
'24%
5%
100
28%
28%
Grant
1.200
15%
162
■
.7.
12%
*104
5
19
No par
Grand Union Co
Granite
Jun
May
25% May
Jan
1 7
1
Telegraph Co
Granby Consol M S & P
12.500
'24%
51
52%
.
39
.
par
50
(B F)
Graham-Paige
300
16%
15
28%
164
75
55%
57
*162%
15.400
19
*24
15%
56
*65
75
56%
IS#
28%
28%
162
162
39 :
152.700
5%
Gotham
1,200
67/8
2 %
8
i
7% Jan
Goodyear Tire & Rubb
No par
$5 convertible preferred—No par
400
15%
15
24 %
*24;-'
51 VA
52%
23%
28%
363%
*65
15%.
15
51%
28%
77:
24%
111 %
111%
40% fV40%.
41
*40%
24%
66
22%
23
15%
15
41%
tv *24
*161%
55%
55%
19
19
15%
.;fVT
28%
162
*62
,
55
4%
4%
,19
*3
49%
28%
162
6
"41
15%
49%
28%
163
;
24%
15 Va
49%
28 %
4%
19
41
*24
15 %
*161
15%
15%
;41
24%
12,900
Va'
6%'
5 %
15%
5%
>
111%
Co
$5 preferred
400
54
52%
*111%
15%
19
.
104
53%
52%
111%
5%
preferred
conv
8 V4
11% Jan
69
par
No par
No
(The)
3%
52%
>"•: £ 4%
4%%
Co
99
No par
No
preferred
54%
'
•"
$6
Glidden
Jan
19 % Feb
No par
165%
111 %
5%
5%
:
"•
Safety Razor
preferred
conv
Glmbel Brothers
3%
111%
111%
$5
300
6,100
19
5
100
54%
55%
54
54
21,800
7
Co
preferred
165%
3%
165
55%
55%
102%
102 %
53%
3%
3%
162
162
54%
16%
95
*91%
4% %
Gillette
300
25%
105
105%
3%
3%
162
102%
52
51 %
111%
15%
105%
26
16
*52%
*101%
__
105
53
54
51%
22%
-
Jan
Jan
100
Rubber
&
Tire
%
a*
2
25% July 10
193/4 Nov
3
74% Sep < 9
22% Jan 20
—No par-
preferred
General
260
107
15%
4 % r!o
.
7,200
<
20
Nov
4% Oct
14% Jan .7 4
Corp
4
9
2% July 3
31% Dec 16
124
"193/a Apr 25
1
Telephone
'
Apr 11'
73% Nov 15
——No par
Gen Time Instru Corp
400
?:
■
21%
*52%
162
:. />:
93%
25%
3%
.
yyy
23
26
54
:V
General
1073/4 Nov
112!
Gen Steel Cast $6 preferred_.No por
1,700
y'
15%
25%
160
•
22%
105%
63
1,500
yy y
93%
26%
*93
par
General Shoe Corp
16
106%
7 *52
28%
*105
No
24
■
preferred
,100
Realty & Utilities new—.,10c
General Refractories
23
22%
25%
29%
28%
Railway Signal
11% Aug 21
3
Oct
1% Apr 25
19% Apr
5
6%
Gen
6,700
93%
15%
15%
23%
*105
Gen
30
107%
*106
") y'
106%
93%
3%
112
106%
15%
53%
103
51%
*111%
106%
106%
26%
6% Jan
106
110c
1,390
19%
29%
■
29%
x22%
53
160
54%
29
3,800
36,900
106
105 Va
107 V*
28%
7; 93'%
26
*51
158%
53%
29
*106
19 v4
26%
29 Va
29
23
106%
25%
3%
3%
158
30
110
*29%
y.'4 y
27
'
£■
•
4%
22%
yy. -.221/8
IOGV4
'
:*
1
Public Service
Gen
123%
19%
105 %
26%
30%
: S ;123%
4%'y ■cS'X 4%
Equip Corp
$4.50 series A preferred..—No par
10
10,000
2%
22%'
19%
,
106%
:27 ■-//■;;'
*106
106%
,22%
107%.
30V4
31
-
10
'•/:
2Va
123%
4% .;.
97
22%
25%
26%
29%
106%
15%
15%
*93
106%
25%
28%
19%
19%
105
110
*106
106%
*106
19%
26%
31
%;"/'
2Va
•
*120
Va
22%
22%
22%
*29% ,29%
-
4
4',8
7 107%
26%
29
28%
106%
106
110
*106
28''',
*106
30
*29%
30
*106
:i; 28%
*19%
-
4%
10
*106
107%
2 Va
32
*120
107%
26%
31%
123%
'7 4%
f 22%
19%
106',4
*26%
*106
2Viv-;
.
10
10
10
107%
2%
31
22%
106%
10
*106
2%
*120
•'
4%
7
10
107%
2%
7 123%
V-7
*V 21%
"22
22
10
V
Nov
Apr
32% May
27% Jan
Jan
154
Dec
57%
Sep
65
Jan
31%
Jan
50
Sep
14%
Jan
21%
Dec
10 Va
Nov
138
17% May
2%
Jan
5
Jun
15
81%
Jan
160%
Jun
3
16% May 17
•3%
Jan
lOVa May
Jan
3
62 Va Dec
12
25%
Jan
41 Va'May
42% Sep
15
50 % Dec
30
44 %
Dec
6% Jan
33
3
Jan
26
*
6% Aug 12.
189 Va Dec
*
50Va: July
ss'O
....
■
•'
A
M
.
V
*33%
%-> ' .27%
0>7.T.
23%
'27%
23%
36
27%
V-'
24
24
15%
15%
*
37
*34
37
*34
37%
*34
27%
27%
24%
15%
'
27%
27%
23%
23
23%
15%
15% (
28
23%
28
24%
15 Va
15%
15%
Hackensack
37
31 Va
**
*
16
"107
108
*107
108 '
*107
110%"
*110
111%
*110
109'/«
18%
18%
*152
19
7%
'
19% "
'
'
*110
**■'
111%
-
19%
19
'
■7%
8
108%
109
'
8
*152
8%
>*108
108
*107
'•
111%
19
*152
I.''
*152
*7%
110
19
108
*8%
"
*
8%
*110
109
27%
22%
1.300
Hall
15%
1.900
Hamilton Watch Co..
8'/«
S
■
"
For
footnotes
see
page
*107
223
110
*107 "* HO v:.
*107
110
■■"
50
19%
'•
5.000
8%
800
*107 "•
HOT
"100
•
;_2S
Co
preferred.
Apr
4
26% Dec
30
15% Mar 13
11% Apr-26
.100
preferred—;
100
Hat Corp of Amer class A
(modified)
^
iff
J
27
par
(M A) Co $4.25 pfd—No par
Harbison-Walk Refrac—
No par-
preferred
•
10
No
Hanna
6%
'
*8'/a
£%•
'
110
110%
19%
*152
''
Printing
H%
109
110
19%
—
class A
22%
*108
-
-v
preferred
—25-
*
15%
111%
19%
*152
7%
Water
27%
-
900
'
16
*
;7 7777;;
Sft
*33^^35%
27
■
H
m jr-a
A
iifhf
:'7■•.-•/
,•:*••-■.
33% Dec
18
38
May
5
22V4 Dec 15
16'A July
3
106
Apr
11
111
July 24
102
Jun
14
109
Dec
15% Apr
24
21
6
152
•138
Jan'
1
5% Jan
14
100
104% Jan
5
35
Jun
■
12V4
Jan
9%
Jan
104% Mar
•
t X
i
"
•
28 Va. Sep
Feb
-
38.
Apr
18% July
15%
Jun
110 Ve July
29
July 10
4
; Dec
8"% Jun
110
22%
27
July 12
13%
135;
Jan
Feb
4% Jan
86
Jan
18% July
144% May
7% May
109%
Oct
%
Monday, January 15, 1945
fHE COMMERCIAL & FINANCIAL CHRONICLE
218
Jan. 0
P
1 pet aha*-
'r
>'
Jan.
■
9*.
t per
Jan. 11
'
Jan. 10
•
Frlda'
Thursday
Wednesday
f per share
per snare
STOCKS
PRICES
SALE
Tuesday
Jan. 8
-
HIGH
AND
LOW
Monday
Saturday
Jan
1
$ per share
share
NEW
the Week
s>iare
1>*r
for
Sales
12
.
Range for Previous
STOCK
Year 1941
■■■■> Range for
Lowest
Y/'y ••/7 •>••"•., •;'
Shares
f
YORK
EXCHANGE
Year 1943 I
Lowest
Highest
> t per share
"t per share
6 % Apr
28
9% Dec
2'/4 Jan
pm \
28
'
v
$ per share
•
Highest
I per share
'
9%
6%
112
21
*20%
21
73%
24%
j
*
83 %
131'%
*73
75
*123
131%%'.
*130%
125
*73
*130%
74
*23 %
26 Va
*26
24%
25
*24%
42
*26
26%
74
74%
374
24%
*41
42
42 %
*19
20
*19%
17%
17%
*44%
45
16%
.
42 Va
42%
41%
19%
*19%
19%
*19%
18
18%
%
45
17
76
73%
45
108%
109 %
67%
67%
67%
13%
13%
13%
13%
13%
13%
36%
37%
37
37%
36%
36% n
67%
13%
13 %
13%
14 Va
13%
14%
35%
35%
.36%,
37 '/a
37%
27
27'/a
14%
>
2%
2%
2%
11%
11%
,27%
28
28
,14%
15%
14V2
3%
..
/
•
4
3%
81
81
2%
2%
2%
12 Va
14%
3%
108%
'-••■>11%
*2%
78
,
2%
28%
28%
15%
14%
4%
4 Va
28%
29
15%
14%
15%
15
3%
4%
V
4
.
30%
4 %
/
Hudson
30%
30%
31
31%
30%
30%
31 Va
24
23%
24%
231/4
24%
24'/a
24%
23%
24
55%
56%
55%
561/a
:.?* 54%
551/2
54
55
53'/a
54%
77
76'%
76 %
76%
76%
*75%
76 %
75
75%
741%
76
22
22
/
23%
*23%
23%
23
231/2
23%
24
19%
19%
19%
19%
19 %
19%
19%
19%
19%
41
41
41
41
39%
40%
40'/a
401/2
105%
*105%
105%
115%
115%
*75%
22
*19%
•
30'%
40%
40%
*105% 105%
.*105%
110%
111%
110'%
,
105%
105%
105%
*105%
113
115%
115%
114
12%
13'/a
12%
12%
8%
*38%
131/4
12%
8%
8%
39%
IO51/3
105 %
105i/4
Inland
6%
13%
*8%
9
105%
71%
7%
7%
71/4
7'A
3.900
9%
9%
10%
10 y8
10%
70.400
179%
179 %
179 "A
>•■ Y
3
3
3
180
180
■■•
3
V
78
81
YY/: 3 >: Y73"YYY'
18
18 Va
18 Va
19
18%
76
76
77.
77
28%
VV
5%
28%
29%
*134 Y
135
*134
3
85
87
43%
43%.
,
40
103
V..
103
*120
139 %
Yv;
•
30 VA
Y
19%
90Va-
91
90
9OV2
90
11%
10%
10%
10%
87
20%
21%
21%
20%
*39 %
40 Va
*39%
19
••:/
40%
41
>
7
87
" Y/H-!>■
*104
,
*125
108
f
20Va
20 Va
18%
20%
21%
18% -.18%
22V4.'i
22
41 %
41%
.
*144
:
*41%
r.
*144
/"■
.
21%>;
1
m.
Jun
Jun
4
16'/2 Aug 23
4%
Jan
11% July
4
U.Jan
2% May
Feb
25
3
Jan
8
8
:
8
Aug
32% Nov
10
23% Dec
30
56
Dec
15
4
77% Dec
7
22
3
.
8
5%
5%
7 %
6
165
Sep
7
158%
Apr
168
3
x87
Aug 14
Mar
12% July
9% May 11
104
Nov
par
par
...100
165% Jan
Jan
8 Vz July
38% July
6
Jan
Jan
15
56%
28
180 V* Dec
8
162
V
3% Aug 23
3
19
Jan
Jan
19
Mar
Jan
67
July
28
3%
Jan
32 V* July
5
25
20
129
Dec
16
6y« May
Nov
Oct
21% Dec
7
36%
138
8% Jan
Apr
July
14%
Dec
Feb
11
Dec
16
45%
Jan
69%
Dec
7% Feb
3
12% Jun
21
3%
Jan
11%
Jun
20
37 Va
66
94
4
92
39% Jan
13
47
Aug 28
39
July
35% Jan
13
43
Sep
5
28
Jan
Dec
68% Jan
>
3
93
Feb
3
135
11% Jan
50
12
56% Jan
117
100
Jun
44
Apr
38% July
>36//.:■
Jan
60
Dec
102%
Jan
115
July
6%
9
Jan
/16% May
Oct 19
Dec
20
71% July
Jan
22
3
22%
231.700
22%
18%
6.300
Foreign" share ctfs
12
20% Aug
Interstate Dept Stores
No par
No par
No par
11% Jan
3,300
15
Apr
19
700
Intertype
No
par
15
Jan
4
20% July 10
20% Dec 29
400
Island Creek Coal
1
29
Jan
6
45
-1
138 Va Jan
17
144
Jewel Tea <Jo Inc—i.Wo par
4 % %
preferred.
r
100
107% Jan
21
112% Nov
27
99% Mar
84% Feb
15
105 V Dec
15
70
Jan
Nov
27
34% Sep
25
78
18%
221/4
*21
22
42%
*41%
Y
42%
145
—
4% May
Va
11%
136
3
100
j..
Sep
Jun
July
55%
par
preferred
Apr
30
2
80
No par
No
Mar
Dec
18% Jun
3
21'%
-
177
Jan
20%
•
74%
Apr
6'/b Jun
4
13
Jan
.100
Silver.
9
9%
177
Jan
25% Apr
No par
Intern'! Teiep & Teleg
15%
Nov
6
144%
3
82% Dec
Jan
130
Nov
27
& 13'/8 Feb
.—15
9%
6%
10% July 10
188
Apr
July
21% Jan
5
23
Nov
4% Jan
No par;
8% July
3
15'/a Jan
65
—.1
Jun
78% July
Jan
25
1% Jan
5
8% Oct
62
40% July 17
105% Dec 15
22v
,
67% Apr
preferred
International
vVi
100%
No
Salt
44%
Nov
29
International Shoe.—..
Y/y;': ,700,
32% Nov
86%
71'A Feb
100
International
May
19% July
6
154% Feb
preferred
conv
13
Jan
21
No
Co
Jan
106% Dec
158
100
Paper
May
4
11%
111% Nov
27
Chem
48
8
6% Jan
Inter Rys of Cent Am
200
•:.;y".:-Y'.-j
&
31% May
Jan
3
6% Jan
Preferred
350
a39%
Min
16% May
Jan
Jun
par
—
-
Jan
18%
37
88% Jan
No
preferred
International
6.000
100
27
Int, Nickel of Canada
-t"
tvY 2.100
104
*125
,
2%
10%
29% Mar
28
International Mining Corp.
2.500
:
*42% .,43%
104
■
139V2
•;
40 Va > 40 Va"
'
•
20 %
*21V2
YY/
—
87
87
19%
:-Yv,
41%
*143 %
11%
'40 '
Jan
Jan
Jan
46
Hydro-Elec Sys class A__.—25
4%
21.700
90
18 VA:
22
40%
89%,
11
20
20% V
21 Va
V>
105
m,
11
y.
%
4'/a
22>4
24
100
—,
International
37.400
30%
135
21%
43 Y; ,43
40
137%
*124
20%
18%
21
40%
105:
v
,
,Y
43%
*40
139 Va
20%
18'/4
*143% v.—
30 Va
21%
9L
86
*42%
:
:Y 110
%
87
*86
43% Y.
7.700
•
Preferred
Int
400
5%
,
12.100
*134
22 V4
40 VA
20%
18%
/Y;
135
28
29
6
7% Jan
Harvester
Jan
28% July
29% Apr
Machines
Business
Nov
9% July
4
10% Jan
25% Jan
20
preferred
International
2.600
19%
77%
5%
30%
*134
Int
500
3%
5%
21%
> *120
19%
18 Va
»*—
30%
135
*134
5'/2
22%
V:*105
19%
*143 %
.
180
19
-Y;.
2% Jun
11% Dec
1
Interlake Iron
4.300
79%
77%
19%
78
21%
139%
18 %
yY
29%
297a
18%
*76'A
5% V
5%
78%
3 Yy.-.yy
3
.
78
Apr
11
12
Jan
par
Inc
Intercont'l Rubber
700
189
179'A
22V4 v
103
*19%
197/a
5Va
135
*42'%
40%
*18 V4
19 %
3
19 Va
*76%
•
180
86%
11V8
40%
180
10%
91
10'%
85
.
180
7
79%
21%
91
-
43%
101
*134
10 Va
10%
*120
29 VA
29%
135
90%
90%
40%
5%
22%
22 Vb
85
5%
21%
21%
*43
5% Y
79
18%
19%
76
5%
80
179%
180
76
.
4%'%
330
1051/4
71/4
801/4
41%
par
Corp
9%
80%
30%
No
Ctfs
Interchemlcal
9%
80 V'4
37% July 10
...No par
Insuranshares
300
71/4
80%
21
No
Co
500
•
9 %
*185
Steel
Inspiration Cons Copper—
23.700
%
39%
7'/a
80%
3
l%Jan
100
preferred
July/
68%
42% July 12
2.ICO
57% July
114
70% July 11
13'/4 July
3
15
86
July
59% Aug
3% Jan
3 5 «/4 Nov
>
*39
188
Mar
July
17
81/4 Feb
1000
100
Sep
45
v.
22% Mar
luu
ctfs series A—
42%
Jan
105
Indtistnai Rayon
9%
188
44
1
1.5C0
71/4
187
30
Sep
4
9%
187
72'/4 Nov
114
30
7
187%
3
Dec
104%
1871/2
Jan
20 Va Oct
7
188 -Y
Jan
4
9%
185%
Jan
9%
25
104%
186
36 '/a
Jun
Jan
9%
*183
17
18% Aug 23
15% Apr
6%
.104%
45
12%
1% Jan
—.....20
1.200
13%
8%
39%
1
3
Apr
Indianapolis Power & Lt——No par
RR See
17% July
Jan
6
...
2.230
.
40% July
7
Apr
30% Feb
..—No par
$4.50 preferred A—
-No pa*
Ingersoll-Rand
-No par
85 'A
28% Jan
8
25% July
3
19V4 Dec
21% May
16'/4' Jan
5
Jan
Aug
'A Feb
preferred series A——.—100
Leased lines 4%
100
115%
115
13%
8%
105%
105
13%
13%
Aug
14%
136% Aug
Jan
7
par
105%
*105%
*161
July
/118
40 -'a
*40
86
71
Jan
1,200
23%
19%.
'
85%
39 'A
39
39%
,105
105
85%
*8%
8%
*39
39 V*
*'3o %
85
13
•
9
*8%
8%
99
86
>
Jan
8
Sep
117
6
6%
290
49
100
July 17
Dec
4^4
3
1
Co..
Dec
31
Feb
100
-i...
RR
Central
Jan
19%
*23
*161
V
85 %
85'/4
85%
85 %
*84
114
*161
*160
*160
*160
>
•:/.
Illinois
3.800
Jun
73
128
47% July 13
107% Nov
preferred—*
100
Bay Min & Sra Ltd—Wo par
Idaho Power Co
2,000
60.300
Dec
87
19
17
,63
non-cum
No
V Aug
29 %
4
13% Jan
._5
Manhattan
Apr
172
Jan
117
May
Hupp Motor Car Corp
31%
23
:
Hud
&
71
Jan
Sep
42
...
Jan
Jun
Jan
54
,
115
39
100
3% May
110% July
12%
2iy4 Nov
2
par
-V
3
Oct
No par
39,700
i
23%
5%
\
13
115
—
Hudson Motor Car
v
13 Va Jan
152
25% Aug 31
23% Dec 16
10
No par
Co
.73
4
13% Jan
12.50
7,100
17,800
;
■
55%
30
30
•/
1,300
2,100
36% Mar
100
preferred..
Howe Sound
.
55
5%:
•
Houston Light & Power Co.—No par
Houston Oil of Texas v t c
25
•./•/:•.
:
22%
;
-
21
No par
...
-No
4,100
■AVz
29
11%
340
20% Jan
—5
i
Household Finance
1,500
1
Jan
Mar 10
125
2
10
(A)
preferred
/
15 Va
28%
>
3
Apr 27
19% Feb
—
Class B-
2,200
•
Jan
Houdaille-Hershey cl A
43,500
11%
11
V
•
•
67%: 7
2 V4
11'% > %
■
78
109%
*10%
23a
11"
28%
3%
100
.••/,' ' 5,600
17%
108%
68%
2'%
45
17
•17%.
63
114
par
lO
Homestake Mining
11,700
68
68
11%
*44 Va
45
44
84
68 %
*2%
43 %
•
7
1
109
68
11%
44%
43%
134
(Del)
Holly Sugar Corp
•
—
89
18
No par
Hollander & Sons
•;% 4,100
18
—
24
Jan
No
10% May
Jan
>56%"
25
Jun
Apr
preferred
conv
Hplland ;Furnace
'
109-
73
H 0 00
67%
; /•
*17V4
$4
1%
27
75
Einde & Dauch Paper Co
Hires Co (C E) The—1
Dec
93 Va
25
128
,
:
30
Nov
par
No
6
22
27% Feb
170
24
—100
preferred
Sep
Dec
75% Feb
6
Mar 11
20% Apr
par
9
22% July 10
14
63% Jan
160
100
No
...
200
*78
./:-/•
72 VA
109 V4
108%
Va
20
*117 Va
17
67%
109%.
18
45
17%
17
r.
"
73%
44
*44 Va
45
16%-
17%
*117%
—
43%
44%
*44%
17
18 Va
18
*117%
43%
38
.1,700
42%
109%
72%,
41V2
42
16%
9
■1,200
19%
45
*44
17
25 Va
19%
43%
43%
43 VA
25
25
-"•
Sep
8 '/a
112
Mar 13
20 %
25
a
preferred-—
Motors
Hershey Chocolate
•
200
...
•:VJ'
26 Va
42%
*117%
'
—
25
6%
100
a
124
19 %
18%
17%
25
W)
non-cum
99
15'
Hercules Powder
10
*26
42 %
%'
19%
*117'%
*117 %
25
25
(G
7%
2,650
74 7
*122
•
26 Va
*26
.
25
Co™.
.....
Hercules
130%
*74
.
123%
123%
"
■
26 Va
*26
26%'
■
Helme
10
?
Glass
9,400
'
*26
300
•
Co.
1
Corp
84
130%
7
*1,000
•
Mtg
Hazel-Atlas
Hccht
24%
/.
■
84
131%
Hayes
500
-
'
.
'
Hayes Industries Inc.
20,900
.
74
.
24
8,400
-
.
20%
*73'/4
84
84
*130%
124
,
123%
123%
7 Va
110
*171
25%
24%
131%
.*122
74
*73%
75
125%
*123-%
74 »■
*73%
84
84
*130%
131%
6%
20 %
*171
„
25 Va
24%
84
84
83%
82
83 Va
*130 %
*174
25%
77
10'/a
110
20%
20%
73 %
73%
*170%
25
;r
73%
73%
172
*73
"... 24%
■172
24 Va
20%
x20%
21%"
>
111
110
20%
20%
10
7%
> :./■ 7
.'
111
110
10%
10 VB
7%
6%
7
113
74
73%
24%
*169
6%
114
113
10%-
9%
9%
112%
6%
6%
6%
112
9%
9%
9%
9%
::
-
;)
50
145
$6
Corp.
—
preferred—
6%
V
Jan
Jan
18
Jun
27%
Jan
32%
Apr
Jan
145%
Jun
July 27
Dec
16% Mav
Jan
9%
.10%
135
4
-
18%
Sep
J
'
*36%
>110%
36%
37%
>110'/a
111
101
102
*100
32%
*110
32%
32%
"110
110%
*92%
28 %
*80%
*92%
95
28%
29%
36%'
36%
112
*110%
102%
3 2'4
103
29%
93
*
19%
81%
95
.*94
,81
,95
95
95
96%
20 %
19%
21
21/
21
*117
.118
14%
'•
*117
14%
14%
21
20%
118
*117
36 Va
*19
%
36%
36'/2
'
*22%
38%
38
3.9
'
"
20
*23%
24%
24%
19% ',
24%:
*19
;
23
22%
23
23 %
Va
18%
18%
19
19
■•
19'/4
114%
114%
116
*113
>
*113
/
21%
«
15.%
39
/
19%
25
V
38 Va
*18%
116
5%
20%
;
19 Va
>
-
38'/4
42,600
.
.
*23
:•
23%
19 VA
19%
19%
*114
19%
*114
117
1,700
,
19V4
38 Va
38%
38
38%
38
38% Y.
38%
39
38%
39
24
23%
23%
24
24
23%
24
23%
23%
237/a
24
39 %
39 Va
39 Va
391/2
39%
40
40%
41
40
40%
41
41%
8%
8%
8%
;
8%
8%
*8%
8%/Y
9
8%
8%
9%
-*1,600
1,400
8%
76
76
76
76
76
77%
*76
77V2
77
32
32%
32%
32%
32%
32%
32
32%
31%
31%
*108
*76
19%
Jan
26%
Apr
29
54
NOV
65 /
Apr
J00
66% Jan
4
93
Dec
29
64%
Dec
82/
Apr
10% Jan
14
20% Dec
16
8%
Jan
12%
Jun
21% Aug 18
*12%
Dec
Feb
28
4
13% Feb
19*
17
Jan
4;
1
20
Jan
25
24% Jun
1
13Va Jan
26
19% Jun
111
par
20% Dec
X26
115
May 18
V
May
29% Jun
9
19% Jan
7rr > 24
Dec
31%: Mar
4
Oct
Y
Koppers
Kinney
$5
.No
..No
par
42
19 Y-. Dec
29Va
Apr
7%
Jan
17.
Sep
Jan
17
Sep
29
14%
Jan
24% May
29
8%
Jan
16% May
102
8
15
■
.
113
Jan
Apr
28%
.v"
357/a
Jan
20'A July
25
*
Jan
15 Va
30
Jan
34
Feb' 17
9% Dec
20
1%
Jan
28
78 Va Dec
6
34%
Jan
Dec
21
34% Dec
29
108% Dec
3
Apr
11%
32
10
Inc....
Sep
Aug
10%
Y:
54% Jan
1
(G R) Co
preferred
prior
Co
par
37% Dec
19%
127
Jan
>
11
Aug 31-
-No par
Jan
Dec
5%
39% Mar 11
39% Jan
1
5
No
121
25
147/a Dec
: 3
<
May 25
124
27
6 V2 Jan
par
100
'
Kimberly-Clark. Corp—
60
3,000
16% Apr 27
117
par
.
B
y
10
-No
preferred—;.
Dept Storps
(Julius) & Co
1.
Y
2,500
77
33
32%
30
Dec
May
Keystone Steel it Wire Co„ -No par
27,300
/
79
Dec
80
..No
Kendall Co $6 pt pfd A
Kennecott Copper
100
38 %
24
Aug
28
3
non-cum
Class
Aug
95
3
Kelsey Hayes Wh'l conv.cl A
4,300
'
117
38'%
*75
4 %
Sep
9
o
Kaufmann
Kayser
Dec
Aug
92%
58 ?.■ Jan
90
100
1
City Southern
100
;r
111
29
July
109%
20% Jan
conv
City P & L of ser B
Kansas
107% Sep
34
Feb
No par
stamped
A
Co
700
%
25
23Va-
Kan
V
30
12'%
100
Kalamazoo Stove & Furn
•
4,500
19
*24%
RR
Laughlln Steel
Mfg
Joy
2,100
V-.Y,^
15%
19
Jones &
3,400
118
38
38%
Joliet & Chicago
50
...j
26
38% Aug 28
Apr 52
100
pref series B
25
23%
116
1,600
98%
25
23%
*113
pref series
15
18%
>"
5%
*117Va
23
■
200
27
—_No par
preferred ser A
59,300
/
2.1% >21%
21%
16
*187'a
2nd
83%
20%
118
15%
4%
30
30%
98%
20%
16
'/
92
*82
98
.V *117 %
*24%
23%
18
83%
118
t 110%
29%
30%
20%
Manville Corp
Johnson & Johnson.;
800
31%
*31%
*109
90
21
21%
•
Johns
3,300
92
90
*82
97
37V4
*19
20
24
24
107
30
:/
v
95%
21 Va
"
112
105%
110%
83
*117
15%'.'
*110'/a
*109
20
•
112
32%
90
'700
37%
107
32
95%
,
118
15 V'4
15%
21%
<;
105
30
*81
19%
19%
20
*
*110%
*36%
37%
32%
28%
r
82%
81
112
104%.
90
■
30
29%
*81
*110
.
"36%
37 Va
110%
32%
110%
92%
95
102%
32 "4
110
110%
*110 Va
112 /
102%
32%
37%
36%
Apr
July
6% July
»■<;'
58% July
—_
'
108%
108%
108%
108:%
108%
*108%
109s4
*108%
109%
27 VB
27%
27%
27%
27'/a
27%
27 V'4
27%
27'/a
27%
*9%
10»/4
*9V2
10%
9%
9%
*9 '/2
10
38%
39
39
39 Va
39
39!
37%
37%
37%
37%
37%
37%
9%
9%
9%
9%
9%
9%
9%
9%
88%
89 %
88%
89%
33
33%
33%
33%
/
*10.9
200
109 Va
27%
27 Va
4,200
4% ','c
Kresge
22
108% Dec
22
11
27% Nov
18
25
10% Oct
7
22
-10
Co—
Feb
6% Jan
preferred
(S S)
■■■
9Va
37%
,
38
37%
a
37%
*38
37%
9%
300
1,800
■>;':>
37%
38
37%
37%
37%
'•>
Kresge Dept Stores
Kress (S H) & Co
2,700
9%
38%
Kroger Grocery & Bak
*—: '
18%
Jan
24%
Sep
2%
Jan
10%
Apr
;.
*
97 a.
..,•
_No
par
27% Jan
4
39
Dec
29
23 Va
Jan
32%
Sep
-No
>
par
31% Jan
4;.
37% Nov
20
24%
Feb
32%
Nov
13
17
9%
Jan
C
(
t
,1*88
90
<■32%
32%
*88
33
90 i
•
33
8%
89
8%
8%
9%
89
90%
33%
90
V 2,580
33%
.
230
Laclede Gas
Lt
3
■62
Jan
14
104
26
Apr
x31% Dec
1
100
No par
Jan
9% Jun
100
Co..
preferred
5%
.
16% May
35
Jan
73
Oct
14
17%
Jan
29%
Jun
29
11%
Jan
19%
Jun
May 31
>31%
32'%
31%
31%
31%
31%
31%
31%
31%
31%
X48 %
48%
17% Jan
17
19
I
49
%
49'A
49'%
50
50
50
49%
50%
•'*50%
50%
*50 Va
50%
600
!—5
38
24
49% Dec
5
12 Va
12%
12%
13 'A
13%
13%
13
13%
13%
13%
13 Va
13%
97,900
Lehigh Coal & Navigation Co.—.10
8
3
12% Oct
5
29%
29 V*
29%
30
30
30%
29%
29%
...1,700
21
Apr
26
31% Dec
29
113
Jan
7
Dec
18
107%
41/4 Jan
3
8 Va Dec
26
2%
Jan
1% Jan'29
2% Dec
30
W
Jan
1
Y;
33%
33%
1,100
1,100
Lambert Co
Lane
Lee
(The)
-
Bryant
Rubber &
—
Tire
No par
-—
*124%
127
*124%
127
*124%
127
*124%
8%
8%
8%
9
8%
9
8%
9
8%
8%
8%
2%
2%
2%
2%
2%
2%
2%
2%
2%
2%
2%
39%
39%
39%
407/a
39%
40% /
39%
40 %
40
40%
32%
39
39
40
39 V*
40
39
39
39%
40 Va
*
39%
40
20%
20 %
20%
20%
20%
20%,
Z
20%
21
1,300
Portland Cement
—.25
4 % conv preferred
100
Lehigh Valley RR—
50
Lehigh Valley Coal
—No par
6% conv preferred
50
Lenman Corp
(The)
—1
Lehr. & Fink Prod Corp
5
17%"
17%
17%
17%
17%
17% '/•-
5,500
Lerner
127
127
5
»'
*20
%
20%
20%
20%
17%
18
17%
18%.
17%
18
52%
52%
52%
52%
52
52%
■-
'
x30
r
.
52
*47
8
8
50
*47
78%
'*78
78'A
78%
78%
78'%
78%
78%
78%
78%
78%
v
*30 7 s
52%
8 Va
8
50
79
184
183
*182
!
7%
8
7%
*48
.
183
183
*182'%
35
33
33
33 %
33%
50
-
78%
78%
79%
184
*33%
47%
48'%
49
50
49 %
50%
49%
45'%
45%
45%
45
VA
45 V4
*44%
footnotes
see
page
223.
8 Ye50
78%
*44%
For
52%
184
35
52%
8
50%
*79
79%
*182
*33%
*29%
127
■
52%
8 'A
50%
30
*124%
30
!.
127
40
52%
8
*50%
■
.
10
8%
-
"•
61.900
'
•
2 %"•*••.
-40%
26,600
>
7,100
V
3,400
52%
6,000
'
8%
26,300
51%
80
79%
79%
80 Va
200
78%
79%
184
182 'A
35
33%
1.200
4,000
•
184
33%
140
■
300
Lehigh
Stores
(new)—No par
Corp
Libbey Owens Ford Glassy-No
par
,Apr
Jan '
15% Feb
4
39% Dec
19
4
38% Dec
9
18% Jan
5
21% Jun
21
17% Dec
27
19% Dec
Jan
3
6% Apr
24
8
42
68% Jan
3
.25
67% Jan
13
Preferred
100
174% Jan
8
par
26% Feb
3
Libby
&
Savers Corp.
Liggett
&
....
Myers Tobacco
Lily Tulip Cup Corp
52%
51
52
50%
50%
8,700
Lima Locomotive
45
44%
44%
43%
44
1,100
i-jnK
Belt
Co
No
39
Jan
53% Aug 21
8% July 20
28
4.9 % Dec
83% Jun
27
86% Jun
26
182
Nov 15
32% Dec
28
No par
Wks
,
36
Apr
25
52
Dec
9
No
37
Jan
6
44
Dec
20
par
y
V
39%
Jan
8%
Dec
9
Dec
Jan
29
July
120
July
20
Jan
.
:
Oct
8% May
.
2%
Jan
Jan
«ir
>.l
Jun
20%
11%
24
Jun
7
Series B
Lite
McNeill
127
■
26%
15
29% Jan
7
5
25
Libby
31 % Dec
14%
Jan
31
Jan
5
Jan
30
Jan
62
Dec
62%
Nov
■
32.-,;. July
22%
43%
87/a
Jun
Dec
Jun
41
July
71
July
73%
Jun
Dec
1821/2 Aug
Jan
28% May
24
Jan
44
May
34%
Jan
43
July
171
22%
Volume 161
r.
LOW
Monday
Saturday
$ per
snare
20%
20%
31
22%
76 V4
76%
51
51 %
PRICES
SALE
Jan.10
sr per
76%
snare
21
71 '/a
/
S per
7(
52 a
;:5i%
16
15%
77%
51%
■
52
217'a
30%
share
21 %
■
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21 'A
21
.
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■
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51%
52
16 'A 'V '/
16'A
44%
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3074
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1.700
]
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44%
19%,
1574
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,
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168
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109'/a
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?'<%
29%
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11.600
1674
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44 Va
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3.100
19 Va
i
5.700
4974
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3174
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no
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17
20
0
10
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14%
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2474
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4
4 'i-
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,
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30
,
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8
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1174
1174
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Va
4274
4274
4274
42%
42%
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Masonite
28
28
28%
28%
29
2,500
Master
28%
.
20%
21
21
21
55
55
27V4'
97 %
9.7%
106
106
14%
1474
111%
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111 1/4
17%
18%
14%
18 Va
100
99
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27%
95
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98 74"
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57%
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55
35
35%
36
38%
38%
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107%
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107%
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10774
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138
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54
7
57
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3874
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28
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68
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44
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44 74
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114
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113
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114
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114
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;
45
24
24
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44
,
£
44
437%
7V4
674
18%
19%
19 Va
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36%
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37%
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26%
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27%
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r
83
83
81
81
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114
24
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11074
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85
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113
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113
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115 ■//
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115
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115
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11374 "
51 %
50%
51%
50 Va
517a
507%
5074
V
5%
10
-100
Mfg.
36%
36%
22%
22V4
22%';/
24%
24%
31 %
31%
9%
9%
>'
Shoe
JVO par
^_No par
Co
conv
Corp
(The)
1st preferred
1
-50
-
No
1
15
Co
Trans
Co
-
Steel
8%
par
No
:i
Minfc St
85
114%
:ill%
11474
11174
47%
4374/
50%
.
/
111%
13%
P
SS M
&
A
$6.50
-
•
Jan
9%
Jan
25% Dec 22
1474
Dec
24
12
37/s
Jan
15%
40%
21%
21%
21%
22%
17%
18
17%
"■17'%
10
10
/
*41%
43%
36%
35%
36 Va
8,220
Morris
23'%
23%
23
23'/a
3,600
Motor Products Corp
25
2474
25
24%
2474
32%/
31%
3274
31%
32%-
10
10%
10%
30'%
*98
99'%
10%
99%,
22'%
22%
1374
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9,600
98%
99
2274
22 %
/
85
85
*84
113
14
113
Wheel
.Mueller
7
24% Dec
*12
15 %
,
$7 preferred
1
',
500
50
113
1374
56
*54
13%
*54
16,600
7 Murray
5i>
Corp of America
& Bro
Myers (F E)
16%
16
16%
38,400
40%
38 Va
38%
-1,270
Nashville
23
22%
23 Vs
2274
22%
7,300
National
Acme
1774
17 Vs
18'4
18%
22,300
National
Airlines
10%
10
10%
10 Vs
IOV4
4,700
12%
12
12
11%
15%
14%
14%'
14%
1774
17
*12
12 %
15'%
1574
24%
185
974
10
2474
24'%
24%
24'%
21 %
14%
1474
1474
15
33%
33 y«
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3374
34
34
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14 »/2
14%
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14'4
13%
13'/«
25%
26
24%
24 Va
25
15
1474
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//
1374
13%
1374
2674
25%
24
23%
24
38
39%
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102%
178 %
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/; 178%- 178 »,4
21
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17
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13
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2474
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157
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.
.
158%
17
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•
3874
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•
27%
•
.
33%
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■
91
103%'
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25%
2474
25
181
181
180
17
21 %
17
17
22-
,
.,
12%
10%
16%
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70
69 %
27%
94%
95
9.9%
13 %
10%
16%
160
//
22
33%
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3174
77a
69%
7174
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1574
16
15%
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28 74
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1474
39
r ■ •
1174
yV2474:
754
28%
94'%
•
158
Jan
11%
Jan
104
Oct
Sep
22 %
Aug
17%
Sep
113%
Oct
•
Jan
Jan
8
8%
Jan
55% July 6
2874 Nov 13
1
19%
38%
Jan
60%
Apr
14 Vs
Jan
25%
Jun
6%
Jan
11%
Sep
6
Dec
29
Sep
16% May
'
10474 Dec
5
137/8 Oct
14
111
Dec
19
1974 July 20
13
Dec
15
Jan
10%
Apr
100
Sep
8
6774
Jan
89
Feb
94
Oct
6
60
Jan
78%
Sep
38% Nov
10
27
Feb
16'A Dec
23
34% July
12'A July
55 % Dec
29
4%
Jan
25
Jan
Aug 10
23%
Sep
July
32% Mar
38
Dec
9
26
Jan
34 Vs
Apr
107
Dec
20
Apt
/
8% July
42
5%
Jan
93/u
28'A July 10
187b
Jan
303A
39
20'/a
Jan
31%
1C6%
Jun
128
July
5
Aug 23
144% Oct
16
Sep
Jun
58% May 29
19% Dec
19
2% Dec
19
114
Dec
13
107
Feb
110
Apr
113
Nov
13
107
Nov
113%
Feb
112
Dec
21
9% Oct
5
3
Jan
83/a
Sep 28
Jan 19
Jan 13
Feb
5
Jan
3
Jan
3
Jan
3
Sep
7
111
*62
68
16%
16%
1674
16%
3174
3174
*3174
31%
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68
107V4
1071/4
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10574
108
*107%
108
108
108
10^%
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105 3'4:
■105 34
105%
34 V4
34 V2
341/4
35%
35%
36
35
367 a
19%
19%
19%
19%
1.974
1974
19%
1974,
footnotes
see
page
223.
preferred
Jan
13%
Jan
6 % Dec
29
74
July
July
3% Mar
18% Dec
29
3%
Jan
11%
Apr
26
17%
Jan
30%
Nov
25
17
Oct
88% Oct
25
22
25
117
5
26
11
9
75%
113
Dec
92%
24
113
Dec
119
7
116%
Dec
121
Aug 29
•53% Nov 10
106%
Nov
414 Vs
33 »A
Jan
31%
Jan
391/4
Oct
13
Jan
27%
Jun
Jan
17
Jun
42
Oct
3
15
24% Jun
27
25 % Dec
9%
Mar
Apr
50
.
*65
600
']
JVo par Z
30
11
33% Dec
18
21%
Jan
31
Mar
10 V2 Oct
4
11
274
Jan
7
Jun
Va Jan
18%
•'•'•
-
71.%
..,
V- 27%
-
93
•99
;
Oct
17
63
Jan
77
Jun
24 %
July
3
15
Jan
23 %
Jun
Nov
6
62
Apr.
79 Va
Sep
116% Feb 24
111
5 3'A Oct
July
5%
34%
14% Aug 24
3
5
6
,117
Jan
11
Aug
% July
Jan
44
Feb
5
6 7'a
Jan
15 Va
5
4174 Dec
22
23%
Jan
4074
Apr
3
20'A Dec
30
13
Dec
19%
Apr
19% Dec
20
Jan
8
13% July 10
5'A
Jan
11% July
2
4
13% July 12
15% Dec 21
8'A
Feb
12 Va July
8Vs
Jan
13% July
2474 Dec
/ Sep
26
Feb
Jan
23
Jan
162
176
14
Dec
21
1674
Nov
21'A
v,17% Apr 18
5'A
Jan
IOV2
Sep
18%
Jan
29%
Dec
'34
Dec
30
10% Nov
23 74 Aug 21
14% Oct
14
9%
Jan
25% Dec
19
14%
Jan
,2474 Dec
»
20
6%
Jan
12
9
Mar 15
37
Jan 25
Dec
Steel
-•;
12,200
National
17 Va
14
-
$2
5,600
610
'
11
6%
13% Aug
14% May
21 "Va
Sep
Dec
Jan
36
Dec
Jan
29%
•8,500
1674
3174
/
•
500
t
68
Natomas Co
-
5%
(J J)
preferred
series
108
.=10774
108
*10474
105 74
36
36%
35%
35%
3,700
Newmont
1974
19%
19%
19%
7,600
Newport Industries
250
•
■
10
New Jersey
Jan
178% July
137
Jan
150
Jun
22% July 17
16 • Dec 30
173/a Apr 19
23
Jun
27
1474
Jan
22
May
34
Jun
28
27
Nov
36
Jan
7% Dec
4
10
11% Feb
4
17% July 10
2 4 74 Nov
20
10
79% Feb
4
•
July 20
A
Pr & Lt Co 4%
Mining Corp
5%
Jan
15% May
14%
Jan
28%
Jun
Jan
80 V*
Jun
62
Jan
88
2
3
1174 Nov
No
9
4
11% July 12
18% July 11
1
64% July
57
,6
10
-
Jun
Jan
16
5Vs Jan
mo
7%,
20
83% Jan
pfd-100
52
Jan
29
95
100
Mar
23/«
Dec
30 Vs Mar
98V4 Dec
No par
Dee
160
22
70
1
201%
14
Dec
5
Nopal
Jan
Dec
159
57% Feb
4%% conv serial preferred—100
105%
108
*10474
'
—25 /
pa\
-14
Nov
181
7
i
;
Newberry Co
27
Jun
90%
18
No par
preferred
Tea Co
Nelsner Bros Inc.:
.
25% Jun
11%
Jan
Jan
574 Feb
preferred
Nehi Corp_
•2,100
s
Sep
Jan
Feb 25
No par
Corp——
conv
7
6
70%
July
15%
141
5
preferred
prior
prior
National
15,900
'
conv
5%%
30
-»Jan
5
11
28% Apr
Supply (The) Pa
V:
1478 July
104% Dec
Sep
Jun
12
% Mar
*25 %
37% May 24
3
40
National
.
* 19
July
Dec
21
14
Feb 11
Jan
3
Jan 29
Jan
5
15%
9
181
Mar 1
Feb 17
Jan
3
Apr 18
——4
:
Jun
164,
,
,_1 7
Co——No par
->3,700
28
99
16%
*66.
Mall <%; Si'l Cast
National Power St Lt
94
3174
•-
Nat
/National Oil Products Co
■
15%
■
100
"National Linen Service Corp
500
>
100
preferred B
58.900
8
.71%
15%
4
preferred A
Apr
84
100
Jan
4
Aug 12
May 24
Nov 24
9
Feb
5
87'A Jan 11
„vL7
No par
-110
Lead Co—
7%
6%
6,400
-
34
*104
68
National
,••
v
Aug
July
Dec 27
18
XI1'A
19%
-.=7 13'A
11%
30%
-No par
$4.50 £onv preferred—
Jun
Jan
119% Sep
35% Dec
Jan
Jan
Jan
Jun
98
25
•:
39% Jun
11
xlO
10
Nat Enam & Stamping
160
10
22%
10%
11%
*62
6474
15 % Jan - 3
16% Jan
7
26% Apr 19
.
No par
'
•
11%,
3174
68
30
23% July 10
203A May 18
__1
7 National Gypsum Co
10,400
•'-i:
1474. ■-15%
16%
"62
Jun
12
10% Nov
9% Jan
:_1
No par
300
•
>
14%
"
1-1,500
.17 Yi 71774
.2274
V *33 ;,•?.'
99 74
*317-8
*103
Register
Container
Nat Distillers Products
800
•;
■ •-
=.';25'.'/-V
iJ
*15 6
74".'
11
*104%
For
1274
Dec
100
165
No par
18
.10 ;>7 8'A
No par
26
Corp
National Dept Stores
20,400
.
*178 >!" 180
"
/10 V-/
-
14'%
10%
*
72
28
15
r
33.74
7'a
"107%
.
110
100
46
/ 9
10
Co__„
Share
&
Can Corp__,
Cash
■6%
3774
39
22%;
33%
774
*103
*103
68
.
•,
"
17%
•"22
70%
11
16%
31%
*103
*62
Jan
17% July
Nat Dairy Products
12%
•
180
/
*16%
11%
10%
16%
31%
Corp
National Cylinder Gas Co
.
7,700
) '■ -1374 ■• 1374
>103 %.. 104 •••"'*'
,25741
•.
.'
180 ?:
7%
1474
1474
1374
23 74.'1
3774
13%
'
*97'%
98
.98
'33%
Nat
5,800
•
*12
12%
103%;
!25',.;'
94
>.
Biscuit
National
4,900
lb,uuO
23 >..:
•
*31
36
Aug
"
28
.
28
95
•
~
13%
1314
//;
40 V':;
-
••
774
■''/•:
15%
=•,'-15%;.
33%
4.400
1474
25%/: 26'/s
■'•;.
3874
7
13%
70 /
47%:'
7%
.
%
40 V
103
*156
158
*1567%
158%
17
33%
27%
>7
>
?i u,
70
:/l5:-/
"'*98
•"
%
7%
69 %
*94
34
Feb
28
Jan
13% Jan
.10
—__5
preferred
National
,
•"1374
1374
1374
•/..
40
40
3974
103%
•
37%
'
•
21%
July 10
11% Apr 24
,_1
-
——1
Aviation
Bond
Nat
16,200
'
3874
37%
91%
"•••
12%
*12
12%
•
7
/;
26'%
2374
7%
1,700
•
34
,
13%
13%
2574
38%
40
14%
2374
37%
24 Va
% May
100
Louis
St.
'
■••:': '33%
3474
14%
1374
*12
38
>
26%
12%
&
Co
preferred
conv
National
8,900
21
2574
*12 r-
Chatt
National
185
21
*
12%
6%
1,400
24%
:
*181
21
13%
f 4
24%
24%
X23 %
:'•'
•
:,;Vv 21
"
13%
25%
14%
185
14%
25%
••
7
39
4'% Jan
Nat Automotive Fibres Inc__>—— 1
300
12
;
14%
"."34 74
21
24%
24
Sep
Jan
27
•
1474-
13%
18
21
21
21
•
,
*181
185
*1817%
185
*181'%
14%
>
33%
178'A
60
2%
—5
7 Nash-Kelvinator' Corp
16
39%
21
21
14%
102%
176
Jan
44
116% Jan
4
46
Apr
4
12% Oct 26
No par
72 No par
20
No par
70
100
110
110 77-' 8%
No par
/ 43%
—
16%
2274
1574
'
•
Jan
37
1
7 21% Jan
1
Munsmgwear Inc
•Murphy Co (G C)
43A% preferred
4074
17%
*12
24%
*181%
13%
165
28
11 Va July 10
Dec 20
6'A
93%
5 7
Co
1574
2274
974
15 Vs
24
24%
*39
27% Mar
9
67 Vs Dec
107
No par
Corp
Brass
3974
16
41
22%
:
12%
15 Va
185
.7' 13%
13
Apr
July
May
105
Mar 13
108'AMay22
50
;
Mfg Co elass B
140
1,100
'
86
113
13% "VlA/yV
:
56
*54
v'. 1,100
10 %
Motor
3,200
3274
10
22%
22%
114
137%
24%
*32
99'%
*98
85%
*113
114
25
Essex
&
'
23
*837%
83 Va
1574
40%
10 '4
10
12%
37%
20
22
Mar
10
3574
*54
16
39
1
"12
Jun
18%
176% Nov
liflfN Illl7i!/||I111IH'
15%
14%
Sep
*17
3
3
,
Jan
9
1% Oct 27
-36% Apr 26
No par
Corp
*41%
13 %
55 Va
40
14 %
27
378
.
No par
vtc
preferred
Mission
23
114%
13%,
15%
33%
Jun
Apr
4% July
6% July
Jan
2
27V» Jan 13
'.U.
4374
83%
114%
*54
55
vtc
B
3674
22%
38
-r:7
IVa
Aug 10
8'A Jun
6
Apr 25
23% Sep 14
Minn-Honeywell' Regulator
2274
*98
87
*114%
13%
Class
,r5
3574
32%
22
'113%
14%
8%
12
19%
May 17
par
cum
*4174
10
*83%
21
Jan
14% Jan
Dec
—5
~10
Copper
23 %
99%
22
84%
24
Jan
Mar
Jan 1 3
107
Mln
4374
10%
*98
22%
*181%
374
6'A
/
20
Apr 18
Ifeb / 9
25
27
&
Machine
37%
V.
*24%
32%
9%'
99
-
25
24%
*32
■
84 %
-•
16
Dec
24% Mar
320
21
Sep 14
8
8
Jan
3
82
Jan
4
70
Jan ' 3
31 «/»■..Apr 28
8'A Jan
4
37
Jan
4
,1st preferred
100
Minneapolis & St Louis Ry—No par
7
'
*15%
13
4
16% Aug
No par
36%
37%
22%
*12
29
Dec
24% Oct
103
10
Co
Metropolitan Edison 3.90% pfd—100
'
36 %
/
*53%
10% Dec
16
24
15%
Nov
Mar 20
97
1
2274
*41
42
•'■'!■
■•.;
Jan
Nov
315
Feb 29
,
*112- • '11374
503%
50
•
27%
8474
.
115
13
10
15
21
7
1774
No par
57,900 v Mo-Kan-Texas RR
2'A
7 % preferred series A__;
66,100
100 /'.
8'/a
1,100 7 Mohawk Carpet Mills
207
29
Monarch Mach Tool
600
No par
19%
_10
7474 Apr
2,700 7 Monsanto Chemical Co___
$4.50 preferred ser A-l—No par
10
111% May
30 V
Preferred series B
4——No par
114
Nov
10
$4 preferred series C
No par
107% Jan
Montgomery Ward & Co
No par
41% Apr
69,200
Morrell (John) & Co
!
No par
35% Jan
v.;
37
27%
*114%
;
5
12
Jun
391
32% Oct
2174 May
par
Co
Stores
Mesta
11,300
20
:./' V 37
111%
22%
Apr
i4
47
5
18
No
Merch
,.
1,900
.
7»A"
19 74
20%
37s>4
27%
27%
1974
37
115
*41
24%
7
7'%
20
37%
*114%
42
11074
24'4
V
24'%
7%
774
19
36%
19
.:■■'
•-
,
18%
30%
99
Oct
22 % Dec
9
Mar 7 / 11074 Dec 13
29% Oct 16
Jan
5
21
;Jun 28
Jan 13
112% Apr 13
Feb 23
27
—No par
3
7
4 % conv pfd series B
100
4V4% preferred series C.
100
4% preferred series D
100
7,000 7 limn Moline Power Impl—
1
2,200
114
*40%
106 %
19%
16
10974
.—JVo par
& Robbins Inc
Corp
Mengel
5,900 ; •
*110
50%..
•'■■
II,600
'
*110 %
80%
>.
1974 May 2
170
Mar . 2
5274 Feb
4
4% Mar 6
32% Mar 10
1
Petroleum^
♦Ill
111%
preferred vv w
Products
113
6
»
No par
•
1
100
1
Midland
111%
•
Jun
Jan 21
Apr 24
Feb 14
Nov
Mid-Continent
*110
*23%
19
197/a
Miami
*110%
*109
6
Jun
preferred series A
pfd ser B w w
Melville
2,500
113
,
'110
30% July
July
13,600
447/a
114 iV
*111
Jan
May
'
/■/.
44%
*43
Jun
19%
29
July
31,000
38 Va-".
14274;-142%
62'%'
62
19
..1814
Nov
37'A
Jan
7%
8%
*3774
-
138%
Jan
43 %
28%
28%
3674
*140
July
28
20%
32
$5.50
20
10774
*107
57
$6
600
38%
3 6 Va
8%
133
16
Jan
preferred
Mead
1,100
57
3574
38
27%
18 7a
18%
2%
5774
57
3574
?6%
141
139
•'
17%
;
27
/
60
36
38 74
27% '
8V«
26%
36%
267a
13
22
preferred
5 Vo
140
58
*3374
301/4
7%
7%
"36
1574
3,800
/
38%
5774
58 %
35
11
Nov
Dec
July
31% May
preferred
McQuay-Norris
4,800
100
38%
Dec
79
;
29
Elec Co
McLellan
180
98%
13
*9874
37%
$4
I,700
110
94
1274
100
35%
55
Jan
Sep 30
51% May 17
McGraw-Hill Pub Co
1,000
94
13
*9874
35
':
94
1274
99
35 7«
55
Jan
59%
38% May 27
108 % Dec
5
1
Jan 12
183/4 Feb
•■...
1
Mclntyre Porcupine Mines
18%
110
18%
35%
"33%
15%
22
5
McKesson
200
14
18
35%
7
13%
=111%
13
•••37%.
4
Dec
4
2,900
106
.14%
14%
111V4
*109
18%
:
*104%
106
*104%
'
32%
//
Jun
July
22 V* July
163 Vs
25'A May
3,100
•
48
Oct
21 %
c
par
McCrory Stores Corp..
1,800
54%
27%
94 %
100
95
54Va
27%
99
1274
12%
127o
12%
55
30
148
Oct
Jan
-
110 %
18%
2074
20%
54%
106
♦104%
1474
110
20%
20%
20'%
55
•
6
111
16%
148%
29
4% Jan
37% Apr
Corp
conv
24% Oct
3
14%
315
6%
I0V2
No par
100
10
—No par
No par
;
McGraw
5%
2774
20'%
OT
Wks
Stores
1,100
32%
32 Vs
Dec
31
par
—
1,500
,
120
*112'%
-7J
McCall
1,200
20%
2074
2074
32% -.33
3374
28%
28%
120
*112%
116
55
;
106
*104%
17%
"98%
32 3 4
55
"110%
"94
*112'%
33
20%
2074
20%
116
33
$6 1st .cum
*110 Va
20% July 13
Jan
11 % May
;
—No
preferred--—
$3
lOO
165
5174
.
No
4,100 ;,y Maytag Co
41
Jan
Dec
16% Jan
;
Co
Department
May
2,400
'
9'%
*40%
2874
*2834
2874
;
9 74
42
*41 %
*1107%
28%
20%
*112 V4
27%
14
14
28%
/
9
65%
Nov
18 Va
64% July
—1
Co
Corp
Alkali
preferred
7%
20
176%'
,/•
65
■
6'/a
11
*
Jun
25% Mar
par
No
Corp..
Elec
Jan
29
213/a
,
2V2 Jan 19
6VsJan
3
12% Jan
5
13% Apr 27
prior pfd
L)
2,700 ;? Mathieson
24%
24
176%
66
9
'
*110%
28%
:V'
24%
6574
"v;:
41'%
41%
41%
53
*20%
r
106
'105 %
*40%
}
24
*176
-
9
27
21 %
52%
//
874
52%
"20%
27
9%
33
33
32%
874
20%
*112% 116
116
32%
66
28%
20%
.21 Va
20%
"112%
6574
*110%
28%
28%
181
*176
66%
•
41%
:
.
2474
2374
2474
181
*65%
*110%
"110%
;
11%
28
37%
167« Dec
14
.
—15
100
Corp
Ry 6%
Martin-Parry
42
•176
9%
*41
41 %
14,100
/
2774
66 %
.
1174
25
J
Field & Co
(Glenn
1274
24%
181 *,/
66 %
Martin
42%
•24%
-24%.
*176
65%
65%
St
Marshall
15,600
2574
=24%.
v;
Midland
Market
1,450
11,000
41%
27%
'175
-25%
Marine
24,400
■
X
42%
5
44
Jan
x26% Aug
104
Jun
No par
Maracaibo Oil Exploration
4
11%
42.Va-
27%
2474
2574
'25%
2574
Manhattan Shirt
8
Dec
Feb 21
34 V4 Jan 27
Copper
;
-10
Coal RR;Co—-—_—50
Manatl Sugar Co__/—/—
__1
Mandel. Bros
-—No par
t
21% July
Jan
81'A Dec
2574 Apr
Magma
•27%
11%
40%
%
25 3 8
.11,200
8%
19 'V
'
25 %
V
17%
18 7'a
200
/
Jan
Nov
53
135
par
Mahoning
1,000
4 74
-
17%
17%
-
18'%
.:
Jan
15%
12 %
per share
:
—No per
?.
100
4V4%
.'Madison Square:Garden
30,100
V '
25'%
4
-
•
8%
874
:
-•
15
■
25
.
No
Inc
12'/b
15
10
£9% Jan
10
Co Inc—;
pfd series A
x
V:
.710 %
'10'%
,
25%
-y;
.
100
1
Macy (R H)
t
6,000
21%
500
-;.•■
Trucks
Mack
*■
/ ;
Forbea
&
preferred
May 17
30'A Dec
23% Nov
17% Apr 29
151 / Jan
5
2074 Jan 12
100
Highest
$ per share
3
8% Jan /.3
10
-
22 %
1774 Nov 20
1974,Jan ,13
1474 Jun
7
58 ^ May 1
40 74 Feb 24
28
25
Nashville___
&
MacAndrews
16%'-,
207's
*360
10%/
vf
25'4
17%
18
1974
:
Co
SWEm
400
*16%
474
•>•••
8 74
8
8V4
•
-:18 %
18
,
,
*14
15
2574
4'% '4
4%
'•10%
1074
10%
25
-
10,100
*107%, 108 Vs
500 .<•••
Louisville
4,500
.32%
__No par
—No par
Biscuit—_—/
/
100
Louisville Gas & El A—.^_No par
6%
51
,32
21%
•
500
■
7%- pieferred-,;
148
5074
1674
,21
*360
:
:
par
Cement Corp..
(P)
Lorillard
•
% 3,100
30
29 3%
*143
108%
*16 '4
/•
217%
,
Xnc
otar
Loos^-Wiles
1.000
:
■
*
'
70
.;/../••■
23%
110%
109 'A
51
X10774
500
-
*14
14%
25
4
8%
8
18V2
,K- 18"'a
*360
2374
*
32%
1674
20 %
20%
500
i
.
148
50'%
109
*16
17
20%
•360
10%
10'A
•:
7:
"14
4
*10774
108
*16
•
20'%
;
*360 vi 500
77
;... 24%•
17
20%
v.
108
108%
*16
20%
4
29 34
*143
166 %
166
110%/'/
32 74
32
.*107%'
*
29%
5074
19%
.21%
110
.
148
*143
/%;■•
166%
2374
2374
110
29 %
29%
148
;
19% Z 19-%
166 Vs
/
50
49% ;
108%
19%
168
23%
109%
2374
29%
.
50
"350
/■
2374'
1974
*165
/:
*143
49%
107 Va
197a
168
iOJV* 110
2974
31%
:
19%
// :
148
*143
49
*
4474
45%
*165
:
,
23%
110
:j .29%
148
"143
19%
168
'
,23%
109%
109%
45
45 %
.
.
No par
—1
Year 1943
Lowest
4 per share'
t per share
Par
■'
Long Bell Lumber A
'
'
44
■
"f
Lockheed Aircraft Corp
4,800
'
■
Liquid Carbonic Corp..
28.500
78%
-
Highest
Lowest
V
'V.
Range for Previous
Range for Year 1944
,
Lion Oil Refining Co_—No par
1,800
2274
*51%
17%'/,.
45
=-VV
2,200
•
30
21%
'to'/s
1
.
STOCK
YORK
EXCHANGE
Shares
•jtiV2
22%
'l
52
\
>'
30%
21%
%
219
STOCKS!:%■■
y
NEW
the Week
S per• share
■
21%
*30
T( %
51%
•-.
' *,
22%
77
/:/
S per
?0%
2274
31V4
".'.-22%/ 23
Jan.12
Jan. 11
"•
Sales for
Frida?
Thursday
snare
20%
21%::.:
.
22-la
■
Wednesday
31 %'
22.%
.
HIGH
Jan. 9
'
,
21 %
V30%
15%
15%
;
■uwrg
20%
31
22%
per
w
AND
Tuesday
Jan. 8
Jan. 6
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4351
2%
Jan
6
Jan
9Va
Jan
Jun
7% May
IOV4
Apr
1974 July
137/s Jan
3
22
4
32% Dec
20
16
Jan
25%
Oct
96% Jan 12
105% Oct
26
747'e
Jan
98%
Nov
37
Jan
57%
Jan
Sep
Jan
4
68
Nov
6
106 % Dec
15
110
Jan
22
104
Dec
11
106
Dec
26
2-7 % Apr
4
35
Dec
29
26%
Jan
37%
Apr
16'A Apr 24
22
July 10
10 %
Jan
197a
Oct
56
10674 Mar
114
Aug
THE COMMERCIAL & FINANCIAL CHRONICLE
220
AND HIGH
LOW
"Saturday
Monday
Jan. 9
c
I per share -1
C
46%
46 %
■
23%
'(
*42
45
*43
'
*87%
88 Va
*87
123
*121
20%
:•••./•
230
*122
19%
20%
19%
54%
54%
54
54
10%
10%
10%
105 %
105 %
*105%
20%
21%
20%
113%
113%
32%
33
51
50%
52
*50 Va
33
50%
19%
54%
6 % -w.
6%
-
54%
*53%
10%
110
*106
*114
32%
32
32%
50%
50%
52
•/: 7
7%
115
7%
54
13%
13%
107%
107%
*107%
107%
107%
V/ 19%
19%
19%
19%
19%
/, 25%
107%
25%
25%
107%
107%
13%
13%
■:.Y
*53
52
13
Grty
/■
53%
13%
53
:
13%
-
North American
13%
107 %
107%
19%
19%
,R
26%
25%
25%
/
//13,200
107%
Xl06%
"Y/Z
Northwestern
Preferred
51,600
63%
Dec
29 V
87
Dec
23% Dec
26
47 Va Sep
26
198% Jun
24%
25 VB
106 Va
106%
V
/
108
19%
18%
■
''
YY
.<•■
25%'
26 V8
13 V4
107%
13 Va
13%
14%'
23%
23%
107%
'
Y
23%
14%
•:
107
13%
13%
13'/a
108%
108 Va
*1Q7 Va
108%
14
*13%
14%
14
14
13%
14
23%
24
23%
25
25
25%
25
25%
'/
237/8
14
13%
.
37,200
-
108%
13%
108%
*13%
Y
Ohio
600
13%
108%
13%
108%
76
4
Jan
23
^
Dec
Dec
Dec
54
■
Y / 26% May
July
38
i
162%
Jan
192% July
113
Jan
122
3
Dec
30
29
122% Dec
6
15% Jan
10
19% Dec
16
9%
Jan
18% July
52
26
56
Oct
20
49%
Jan
56%
Jun
54% Dec
5
11% Oct 23
48%
Jan
56
Jun
Nov
14 %
Apr
.lO1
50
7% Jun
9
100
'Jan
xl3-% Jan
4
1
50
:
100
Telegraph
112
1
/
4%Jan /3
-50
40% Jan
15
eiv4
Jan
26
7%
Jan
18% May
Jan
116% July
15%
Jan
23% July
36
Jan
41 % -Aug
x3%
Jan
31
Jan
12
53
Oct
16
8
16
Jan
27
104% Nov 10
2.50
Dec
107
50% Dec 13
7
July 5
15
37% Feb
j
101
Dec
115% Apr 24
317/a Dec 11
31
17% Jan
50
8
Nov
22 % Dec
106
3
Jan
No par
—
Jan
218
51% Jun 27
^50
Aviation-.
>
109
Dec
6
July
45
Apr
Oct
4
,12% May
8%
■•■•;.
Edison
4.40%
Co
AO
Oliver Corp.
•
100
pfd
Co
Oll
oiuu
4%%
V
Jan
>. YC 14%
•
Oppenheim Collins
8,700
Otis
-
Elevator
8%
99 Va
8%
18
No par
i
Apr
,
19
59
59
59
60%
60 %
13%
13%
13%
13%
13%
12%
12%
12%
12
*156%
157
>
44
157
*43%
V
45
*76
44
78
•■>•■/
157
43%
50
,'Y
43%
:; *76
6%
400
v.
preferred
Outboard
///• 50:
Outlet
61
62
61%
61%
61
61V4
3,600
13%
13%
13%
13%
13 Va
13 Va
14%
3,500
Pacific Amer Fisheries Inc
12%
2,870
Pacific
78
-
Co
:
Owens-Illinois
•
Glass
21% July
3% Jaa
July 19
Dec
5
Dec 20
Aug 28
69
10%
Dec
Dec
105
Jan
3V2
Jan
10%
Jun
15%
Jan
21%
Jun
Jan
154
Sep
31% Apr 26
..
par
12.50
Co
/.
43% Dec 12
28%
Jan
38
Apr
64
Jan
8
55V4Feb 29
S\
:_No
60%
"
75 Va Dec
21
46
Jan
67%
64
19
54%
Jan
64
147
100
;
& Mfg
Marine
78
,
16
11%
108
14%
V 24 Va
157
Apr 18
Aug
8
Jan 18
,
5
108 Va Oct
Dec 27
105
10
-
28% Oct
"
.X
11%; Jau
20 Va Mar 22
14
23% Nov 16
Omnibus Corp (The)-L-i——6
8% conv preferred A
100
800
-
15% Sep
;
preferred—100
convertible
510
/•//
:
par
—No par
*76
80
.*76
76
•>
76
?•'
44
*43%
46
*43%
44
76 •;/
,
157
*156% "/"Jw-
*156%
44
Y
132
May
Dec
193 Va Jan
'
*156%
-'
"
19%
>
108%'
108
.
107%
107%
»
"
14%'/Y
■'/)'13%
12%
107%
26
25%
107%
-106%
Y
-
32%
Jan
12% Nov
i wM:
18%
18%
13;
.
29
3
/
28 Vb Jan
4
26
'%./'■
*107%
108
*107%
26% JUly
"74% July
-1
-
116% Jun
Norwich Pharmacal Co
2,800
15
87
May
100
Norwalk Tire & Rubber
1,130
i
33% Jan
^
•
Jan
14% Jan
6% Jan
16% Jan
May
"vi -20
100
Northern States Pow $5 pfd_No par
Northwest Airlines
No par
..
110
53
—5
Northern Pacific Ry
11,000
13%
>14% Jan
-
31%
11
I
July 3 Y
Dec 16
21Vb Mar
102
>->.'44%* May
;
: Jan
11
15
Dec
3
;
I per share
/
pfd
Northern Central Ry Co-
,
Oct
Dec
„
;/-/•
Highest
;
Ry___;
non-cum
preferred series
5%% preferred series
270
./:
7%
.•■■-
30
Western
&
1
6%
8,100
54
7%
.
I
t
32%
31 %
•
50
4 V
/Jan
75
North American Co__—
600
-
,
Jan .19
-
52
dep^
Y
Adjust 4%
129
Y
100
Norfolk
76,800
115
*50%
7% V.
of
-50
Ry Co__:
.Shlpblag Corp part stk
Noblitt-Sparks Industries—
15,900
21%
20%
*114
114%
13%
52
*51%
52
*50 VB
:
'•
•
110
*105%
21%
21%
N
.
33,600
f
10%
V-'
20
60
54 Va
10%
'
Certificates
800
10%
„
West
300
54%
54
21%
Y Lack &
N
•
850
20
3
,
N Y & Harlem RR Co^
.
7.000
38%
56
50'/a
'
>Y
229
*122
123%
31%
;
38%
228
230
10%
114
50 Va
7
21%
'
13%
13%
32%
50%
21
,
'
preferred series A
100/
62
Jan% 3
118
City Omnibus Corp>.i—No pari/,/ 24% Jan
3;Y 29%
New York Dock—
No par;
;
11% Jan 27
18%
$5 non-cum preferred„___No par ;M 30% Jan 22 ' ' 44%
i
40
87
par' -15% Jan
._100 :
v 19% Jan
6%
20
Y:/;Y
87
54V4
*54
33%
V';
6%
.
•
V'AV?,.
87%
*54%
54%
21%
169
123%
20 %
20
54
t'-i 114%
114%
500
—No
12
.Dec
94% Nov
27%'-Jan
10% Jan
Dec 23
50Va Aug 22 v
23% Dec 20
35% Dec 30
109
Apr 55
'
t per share
18Va Dec 23
5
Year 1943
Lowest
' t per share
,
8
Jan
:•.' ';35%
par
Central—
Jan:
N Y
;
100
19%
20%
54
.
*164
YY 371/2
38%
229
123
10%
32%
;/>Y :
York
Brake
13
97
.
1 •: •>•
Highest
f per share
Par
N Y Chic & St. Louis Go—:
5.300
"44
22
38%
38%
230
*42
89
21%
*122
54
*113%
'
8.000
17%
New
i
11.000
i
34%
*16%
/ "/-
87%
*87
Y
123
10%
6%
22 V4
38%
39
*,38%
54
*114
/
270.300
V:
36
115
169 Y
••
87%
•-
86%
21%
■
*164
-
88 Y
86 Vt
-
22%/
22%
*105%
6%
169
>.*87%
Y
91
*88
10%
*50%
89
*88%
235
20%
35%
33%
Range for Year 1944
Lowest
v
*' New York Air
->3.600
V
26%
112%
18
44
*164
169
*165
V Y
54 %
20 %
18
""44
230
*53%
19%
18
45
'
*121
19%
53%
*105%
*17%
*43
18
45
;
/
36%
35%
Y. /
Range for Previous
■
Newport News Ship & Dry Dock,—l
$5 conv pieferred
No par "
,
200
49
::"' 25%
116%
35
121
121
19%
10%
35%
112%
/
236
53%
*53
26%
48
:
7.800
•
39
*38%
234
234 Va
36%
•22%
'21%
39
*38%
232
115%
35%
*43%
89
*88
"
21%
21%
•
36%
115%
17%
88
-
88
88
37 , ..
37 %
36%
49%
26%
■
118 %
Y
168%':
168%
168 %
*162
26%
35
18
46
48%
48%
25%
/
•'
i
-
STOCK
EXCHANGE
"
112
*108%
109
STOCKS
■'
NEW YORK
/;' Sharer
18%
18%
18%
109
37
/
39%
37
*17%
18
112
116
37
118
37%
34%
*16%
26%
'
36%
113Va' 115
18%
.
"
the Week
Y
t per share
t per share
/
Sales for
»
Jan .12
Jan.11
48
48
25%
Friday
Thursday
10
18%
*108%
47%
■
25%
116%
36 %
35%
,47
24%
18%
109
109
.
t per snare
18%
18%
110
-46
24 %
Jan
$,per share
,
18%
*109%
110
*109%
snare
per
18
17%
17%'
U
SALE PRICES
Wednesday >A
T"esday
Jan. 8
-
Jan. 6
Monday, January 15, 1945
May 10
142
Sep 26
Jun
Oct
July
P
/ ' 12
49
■,
48%
25%
/' 24%
16
t?
25%
24%
•25%
*13% V 16
*13%
16
*13%
35 Va
34 %
35
34%
35
34%
48%
48%
•49
48%
49
49
49
41%
43%
41%
V.
123
162%
6%
6%
6%
18%
•:
V 19
19
5%
5%
5%
5%
•34%
34%
34 %
34%
::r'A 14 Va
14%
49%
49
5%
*57%
.
5%
29%
-35%
/'/ 2%
35%
30%
301a
'21%
22%
2%
>Y
2%
22 %
22%
*22%
*58%
59%
59%
59%
108%
108%
109%
109%
108%
68%
'
•69%
69
.'
70
16 %""'
24%
25
20%
20%
•20%
23%
23%
93
96
•26
107 '
'106%
;
.
74
:
>
•
96
•
*26%'
107
*106%
*106%
66%
65%
66
66
67
26 %
26%
26%
27
%
27
GO
60%-
60
60%
60
Y
4%
4,500
Penn-Dixie
69
21 Va
91
91
105%
*108%
*107%
Peoples G L & Coke
1,800
Peoria
24%
67,900
Pepsi-Cola Co
25
25%
24
25
29.300
98
99
98%
78
28
77%
/.:/
78
*14%
46%
*11%
Va
12
25%
26
27
;
135
89%
9%
*87%
16%
27%
27 Va
27 Va
60
59%.
60
59 Ve
25%
*108%
22 Va
22%
25%
25%
2.700
25%
25'4
*116%
35%
34%
35
34%
34%
91
91
91
91%
91%
105 %
105 %
110
108 %
108 V4
*14%
15
116
46
%
12 Va
12%
*26%
27
105%
108 %
"
7%
27
27
26%
26%
1.200
107%
107%
100
*107%
108%
*111
89 Va
9%
9%
135
88
88
16%
"
16%
9%
87%
•
9%
16%
-
1.6%
86%
89
16Va
*175
*175 /;•
*175
*175
*190
*191 Y
*191
*190
4.000
*175
*190
165
*190
6%
6%
9
9
*100
105
9%
9
V4
56%
56%
73%
25%
__
.
x*12%--13%
*74
Vl
.i -76%
18-4a18%
56%
6%
9%
/ 9%
*100
13%
13%
•
75
,
■
"9%
103
105
6%
%
25
•
*100
56
57
57 Va
58
73%
25%
73%
73%
25 Va
72%
26%
24%
13 Va
14
V
76
13%
•'*75%
25
13%
13%
77
'
v
75%
19%
19
19%
*25
25%
25
14%
14
.18%
18%
24%
24%
25
25
12%
12%
13
12%
14%
17 %
; 17%
17%
17%
'17%
-
•
25;>'Y.
'3
13% :;"13'%Y
13%
75%
--19%
19
"24%
-24%
75
"
*17
*52
58
118
53
58%
118
53
17%
17%
18%
18
17%
17%
53
58%
118
59%
118
•'
17%
17%
17%
103%
103'%
103%
108%
108%
108%
110%
110%
110%
122%
122%
121%
122%
For footnotes
see
53%
54
59%
59 Va
*117%
118
13%
17%
*18
55
18 %
18
18%
55
59%
117%
117%
1'
•
!
118
59%
118
*53Va
55%■" 1
59 Va
59
*118
;
5%
conv
1st preferred
1,000
5%
conv
2d
-•
-3,100
Procter
•*
'•
25,400
5% pfd (ser of Feb 1 '29)
Pub Serv Corp of N J—
118%.
140
17 Va
104 %
104Va
104%
104%
105%
108%
108
108%
108 Va
920
112%
112 %
112%
112%
113%
610
122%
122%
122%
123
103%
103%
108%
108
108%
108%
111%
111 Va
111%
111%
122%
122%
122 Va
122%
Xl08
-
Jan
16%
Nov
29
Dec
51%
Dec
60% Mar.
80
Jan
13
Nov
5
29
9
3%
14
1%
&
.
preferred
—
6% preferred
7% preferred--—
8%
No
Gamble—
13 V«
Preferred—!
Jun
Jan
Feb
46 Vb
Jan
Oct
3% Mar
Jun
17% Mar
113
Dec
32%
Apr
24% Sep
Y
61% July
1% Feb
,/7%
Sep
16% May
34%
Feb
«8% May
19
Jan
23
Feb
41% May
26% May
6%
Jan
/10 Vb July
5%
Jan
5
Dec
8%
Jun
29
20
37
Nov
-
68%
29% Mar
Jan
*51%
Jan
13%
71
109%
7%
Jun
90%
Jan
Sep
26~%
Feb
Nov
Sep
Dec
25 Va
Jan
104%
Sep
91%
22
18% Aug
24% Oct
Jun
113July
117% Jun
July
3%
Jan
July 11
18%
Jan
26
May
Jan
102:"
Jan
Apr
4
28
108
;
Y
5
Jan .27
61
Jan 13 :
7Vb Apr 18 ;
,
102
-
•
„
34 %
Jan
9
Mar
Jan
77%
Jun
100
.—100
■•
59
113%
;Jan''/3
-
Dec
5
13V»
18'/a
18%
55 Va
121
1«%
103%
109%
113%
122!/4
68%
59
25
-
7% May
Jan
Nov 30
19% Jan 15
8Va Apr 25'/
11% Apr 25
11% May 17
35 Va May 19
.
Dec
Nov 30
Dec 9
Mar 4
Aug 22
July 3
July 5
Dec 30
Jan 10
Dec 29
Aug 12
Nov 15
Dec 19
Nov 30
19% July 11
116
Mar 25
/ 13 % Jan > 3
87% Jan
3
96
Jan
3
104% Jan
4
Apr
10%
3% Feb
:/ 8% Dec 30
92'/a Dec 29
16% Sep 14
*
Y
Dec,28
52% May 19
Y
100
——100
Jan
17%
.
45
14 % July 15
v
par
No par
No par
Jan
23%
Sep
20 % July
Y 9%
Jan
108%
May
100%
Jan
33%
14
29
18
10
30
14
29
23
29
6% May
Jan
68%
11%
164%
183i 4%
5
50
preferred™
$5
1,070
1,050
1%
Dec 19
July
;
-1
100
:
19 Vb May
July 12
14
—
No par
Pressed Steel Car Co Inc
!
1
Jan
Dec
Apr
May
5%
.1
Pocahontas——No par
22.000
■18
18
17%
103%
59%
56%
V"'
17%
•
16
2%
32
50
;
5-'
class B—
PooT Si Co
*17%
18%
18%
Jan
9%
May 29
Dec 20
Dec 13
Dec 12
Dec 15
July 19
Oct 10
July 10
Dec 30Oct 19
Nov 3
Dec 14
Feb
168%
Nov
168%
170
Jan
182
4
,
15% May
,,
Jan
4%
Jan
Nov
-Aug
6%
Jan
59%
Jun
10 % May
90
July
•
24
Jan
58
7%
Jan
16% Mar
150%
Jan
168.fY Nov
/
1%
Dec
52 % May
75
:>
Jan
•
Mar
;10%.'Dea
20
1
Pond Creek
72%
Jan
-
500
July
100.
/
—i—.No par
£.9,500
14%-
17%
17%
223.
Va
55
Y25W /
30
Feb
9
Chemical Co—No pur
Plymouth Oil Co
July
Jan
Jan
,
90
Dec
106
1 Vb
17
July
45 %
Jan
17 Va
.
19,0001
17 Va
17%
page
13 Va
&
preferred.
4
Jan
27%
•
8,900
17%
17%
103%
*25
25
10
?8f)
H1.800
•
■v.iTOi-isT.
15 Va
,
•
•'19% ^1-9Var
14%
*18
59%
17
'
}
|)
•
'
243
■
13.500
2.080
'•■74 V4 "
■
*176-
*176
*176
12.400
57Va'
56%
72
76
•18%
6% Y
10 V4 ; ;
105v!V
9%
9%
103
57%
12%
-
6%
6%
9%
'177%
*177%
75
6%
105
6
73%
73%
26 V4
24
9Va
*100
57%
74%
,25%
*176%
'
.
105
*100
56%
•*72%
"
6%
6V8 V: 6%
.
•
Coke
conv
Jan
9
.10%
Feb 25 :
90
Pittsburgh Forgings CO—:
1Y
Jan
4
17 /
Pitts Ft Wayne & Chic Ry
100 :
Jan 25
171
7% preferred, .—ia;
100
Apr 1 3
190 :
Pitts Screw & Bolt
^No par
Jan
3
67/8
Pittsburgh Steel Co_^
'——No par /
63/4'Apr 25
95/s
•'
■7% preferred class Bj.
.—100;
82
Sep 14
100Va
5% preferred class A..
.—100
45
Sep 14
' 61%
5%% 1st ser conv pr pfd
100
,' 57% May; 3
73
Pittsburgh & West Va.j
100
11% Jan
6
22%
Pitts Young & Ash pfd___;
100
175
Nov 15
175
Pittston Co. (The) _i.
i-A*
8% Jan 26 :
14%
Preferred J.
i
100
69
May 16
83%
Pitts
180
2
100
Jan
;
100
100.
i
Oct
113% July
Nov
i.-——25,,/ 23% Feb 23
r___—iZL_No par
105Vb Nov 18
preferred.;
105%. Jan
79%
Inc—
preferred
-6%-
3.100
16%
17
*175
8
—
Pittsburgh Coal of Pa~LJi'i-
'2.800
9%
9%
•
Apr
15
Y 35 %
Dec
5
42%
Pitts C C & St Louis RR2—10Q.
88
89
16%
89
90
*88
-
$4
5.200
7%
86
9%
Pillsbury Mills
135
*111
87%
9%
•
/'/ 7Ve
7%
-7%
r
88
86
V
7%
Hosierv
Phoenix
11%
Jan
11% Feb 14 V- 16% July 14
Nov 21
x98
Jan 19
117
42 V2 Sep 15
48% July 8
No par
100:
500
43 % July
Jan
71
26%
■* 59V8
108Va
* 21%
26%
' 1197/a
49% Jun
88l/aJan
.—No par ■
12
Jan
7%
.
Phillips Jones Corp^.
7% preferred-
11%
2%
107% Nov 21
9% Jan 12
10 • July 14
•
*-
Phillips Petroleum—
13
-
series—
4»/a%
17% July
28 Vb July
5
6
40% Apr 26
50-
Jan
19V» Dec 29
96
Dec 15
65-%'Dee 16
.
30
46%
*12
12%
j
series
Preferred
100
46
.
j.
Preferred 4'/4%
7
9
23%
17% Dec
2GVs Dec
105% Oct - 6
7 ' Sep 15
7% Jan
3
par
Oct
6% May
8
33% Dec
32
Dec
70% Dec
4
33% Jan
23% Mar
-
Sep
Jan
7
23% Jun
6
54% Jan
•
119 Va
160
Aug
3
8%
26
20%
10 y 59%
; 7
113
18
24%
Y 10% Jan ; 3
11.900
;
118
46%
46%
27
108%
V 135
7%
400
com
Philip Morris & Co Ltd
270
15 '
*14%
*114
118
♦114
•
Co.
Corp
5% Jan
28% May
Jan
Dec
31 % Aug 18
/
Jan 4 4
55
July
3 Vb
Dec 29
20% Feb 24
Dec
8
- 3
Dec 19
5
Jan
3
No par
19
May 16
Oct 21
No par
23% May 13
Oct 21
—?00*
117
Apr 26
July 10
-.3
Y 24% Jan
337
10 ;
82
Feb 25 ,
96 i Oct 20
July 12
100
104% Dec .23 : 110
Aug 15
100:
.107% Dec 12 ; 115
No
preferrea
Philco
.
91'/a
37 V4 July 5
2% Dec 30
IV2 Mar 27
22 Vb Dec 27
25
j
preference com
4.4%
119%
*117
V
14%
14%
15%
46% *
'107%
*111
•••105%
♦108%
116
115
46%
$1
9C-9
105%
Phila Electric
17.000
91
119
Corp
preferred—
$6
Jan
30
257/» Mar 17
21% Jan 15
1/
& Co Inc
Phelps-Dodge
43.900
-
(Chas)
Y
;
—3
No par
Brewing Co—:
Philadelphia Co 6% preferred
v,
410
25%
21%
Pfizer
720
-
22%
110
109
60
109 Va
118%
135
,16%
16%
34.600
27%'
-
34%
89 Va
88
*87%
27%
66
♦117
9%
9%
—3.700
66%
108%
7%
%;;,
66 %
65%
26%
.
89%
89
89
*16%
7
7%
Pfeiffer
66 Va
//
"
*111
*111
1.800
9%
*107%
*107% .108%'
7,600
9%
9
9%
7
19
147
Nov
Dec
9% Jan
3 i
17% July
2% Jan 10
5
Aug
37 Va Feb
9
x70% Nov
16
Mar 17
18% Dec
.110% Mar 17
,112
Jan
■
100
4%&
"i%
10
,
par
.—No par
16
;;
26% Apr 28
18% Feb
7
par
45 Va
5% Dec 15
61
July 5
109
Dec 16
3
27
Y 4% Jan
15% Apr
51% Apr
*, 93% Feb
13 % Apr
Jan
31% Dec
Jan
51 % Dec
6
Sep
16%
Jan
114% July 13
y
10
'
Mar
23V4
33
19 % July 17
8
Jan
10
Apr
July
/ 25% May
36 % Dec
18
Jan
„
Jan
55
15
6%
27
27
par
100
preferred
9%
8%
/■ 108%
116
135
*9%
5%
11
3
23% Jan
Y
1U0
100
;
8%
*106Va
8%
9%
"60
Co—j
Pet Milk Co
100
103
100
100
33VaC
(Chic)'
Ry
new
2nd preferred
Petroleum Corp of America
106%
108 %
46% ;
*11'%
v
V
27%
..♦106%
'
88%
■•; 6,200
•
Eastern
Co
5% prior preferred
■: 3.700
76
27%
8%
105%
116
45%
7%
100
75%
:
28%
9%
108%
14%
*14%
*26%
&
45
:
50
5
Fere Marquette Ry
100
105 %
110
108%
*111
12,600
16 Va
24%
25%
*105%
105%
*114
12
69%
/'/ 16 %.
24%
'•/ .75
91
26-
69%
16.%
24%
25
25%
90
*25%
70%
16%
21%
35
*11%
yf- 69%
V; ;
v
100
24%
1,800
32
-•
2% Jan
par
14%
13 %
/
27
123% Dec
45% Sep 26
J09V4Jan
No par
preferred
16%
v
65%
119
15
5%
69%
24%
109%
34%
Glass Sand Corp
Penn
3% Jan
;
13 Va July
Jan
Jan
Jan
42% Dec 30
12
163
Sep
5
7% July 25
17% Dec 11
;
28Ve Apr 25
8% Feb
No par
Pennsylvania RR
Peoples Drug Stores Inc
32
21%
*25%
No
32 Va
108%
*116 Va
45%
900
48,000
*112%
•
1
10
Corp
Cement
31%
"Y
;
7%
6Vs
23%
Dec
48
12% Feb 29
par
—No par
Corp-
31%
31%
69%
>
Airlines
Coke
37%
21%
25 %
116
20%
37%
/;/ 20%
&
No
Jan
4% Jan
No par
10
$7 cony oref ser A
1,700
72
149
2.50
—
38
108%
35%
45%
21%
71'
Coal
Co
37%
21%
119%
25%
109
*20%
4%
4%
73%
*112%
//
108%
34
105
4%
Vg
21%
38
16%
60 Va
*117
104%
"
'
4%
73%
37
27%
34%
*14%
•
.
35 Ve Dec
117% Apr 27
Mines.—1
—No
Transportation
(J C)
Penney
3
*A 25% Jan 10
ex-privilege___1
Co
Patino Mines & Enterprises:
Penick &.Ford„
300
60
*58 Va
60
10
par
1
Parker Rust Proof Co——
Parmelee
20,000
21,300
Penn-Central
21%
21%
*108%
8%
ao%
Dec 28
Jan
100
Inc—
Inc
&
Penn
68
119%
*111
*58%
108 %
*108
-
300
23
8%
20%
8
Davis
3 :
15
U1
No
—:
Consolidated
Utan
2,400
8%
90
*22%
%
20%
& Tilford
Parke
9,600
9%
'89%
Park
4,600
15%
106%
8%
9%
25 %
Park
12.400
:■:■/•
22 Va
107
8%
9%
25%
23
■■
15%
98-
9%
33%
59
*26
'Y/ 8%
*116
x30%
% ; 21%
28
9%
21%
*22%
2%
30Va
3,400
2%
'J 2%
Ref
&
Pictures
16
100.
75/Y 77 V/;
,
27%
8%
108%
22%
Paramount
26,900
30%
35
34 Vg'
36%
'■
2%
30%
30 Vb
'
8%
21%
35%
2%
30%
t
l 30
30%
22%
:v
9%
'107%
Apr
48% Jan
4
25% Dec 19
16V4 Oct
3
19
39% Jan
No par
Inc
preferred—
conv
15%
26%
-69%
30%
4%
Sep
30
5
5
Transp
Pipe Line
Prod.
Paraffine.Cos
21%
16%
25%
27%
Panhandle
15%
//
17%
;f". '24%
93
100
22%
69%
69%
16%
69 %
28,100
15%
/:'// 4/-
;
24%
93
5%
57%
■•*109
21%
31%
16%
68%
5%
&?'. 57%
5%
59
•
30%
*112%
24 %
*26
*57
&
'
preferred ———100
3,400
37%
V 70
>.
>5%
5%
59
5.60%
108%
'./31%
•
31 Va
17 >Y
Panhandle East
70
108%
21%
'
31
7,500
111%
111%
112
108%
36%
36 %
-%35
56
54%
53 Va
50%
*111 Va
No
Airways Corp
Petrol
108%
*112%
*112%
31%
Pan-Amer
6
108%
68%
21
21 V
•
3,200
5%
*108%
109
4%
4
Va
67%
20
19%
35
20 Va
15 Va
35
SO
22%
*112V4
11,800
Pacific Tin Consol'd Corp
Pacific Western Oil Corp.:
16,900
'
CO
*59
16
4
//
15%
8%
15%
4%
7
preferred
15%
19%
22
66%
;
6%
15%
8%
16
34%
28
100
100
1
10
No
:
& Teleg
Pan American
19%
23
31%
19
13
39
_25
Packard Motor Car_
8 Ve
15%
4%
Telep
16,300
19%
22
-
14% Sep
3
/ 17%. Jan
No par
Mills
Pacific
100
95,600
22%
15%
67
Pacific
220
34%
8%
22
19%
V
3
8%,Jan
• .*
10
(Cal)
Electric
&
34%
5Va
19%
15%
4
V
Gas
35
50%
112
:
Finance Corp
34%
•
2%
.
21%
*64%
10% Jan
y
No par
Pacific Lighting Corp
5,500
162%
/Y 19%
19 Va
5%
Pacific
1,900
43
6%
7
30%
23
8%
19%
>6%
:
preferred non-cum
Pacific
10,300
r
:
,
123%
*161%
♦109
> 35
2%
31
'<
19%
/-• 19%
35 Va
2 Va
30%
8%
8
19%
,
"29%
30%
■
30%
.19%
-
*57
34%
2%
30%
■■
8
7%
6
-ID
Co
Coast
'
161%
V 19
*109
29%
29% V 30%
36 Va
-35%
29%
5%
5%
*109
*109
:
15%
111 Va
59
*57
59%
*
42%
1st
V/ 2nd preferred' non-cum—No par
16
123 %
5%
49%
50%
44%
123%
161%
■
34%
..
14%
111 VB
5%
5%
59%
*109
v
111%.
11 1 Va
5%
*58%
49%
111 Va
Va
49
49%
,
*
111
111
14%
14%
34
.:
V
19
5%
5%
34%
14%
43 Va
123%
44%
123
*161%
6%
19
43%
123
/■ 123
161% 161%
6%
18%
16
123
162
6%
18%
510
34 Va
48%
V
170
/■■■
25%
34%
5%
"14
25
*13%
34%
.
49%
16
162
6%
18
v.
*47%
35
*122
161%-
6%
25%
12%
48%
41%
41%
122%
161%
26
V 12
48 %
48%
48%
41%
49%
48%
34%
*13%
34%
122%
11%
49
25 Va
48%
:
12%
49%
25%
48%
25%
34%
12%
49%
'
49
*13%
12%
;
■
Jan
j>74%,TDec
14%
Jan
v*
21%-July
18
:Jan
Y>23 y4v Apr
4
Jan
.,-13-c*; Jun
6%
Jan
6%
Jan
13 /•
24%
Jan
40%: Jun
48%. Jan
/
>13%.May
58
123
.-Jun
Sep
114%
Apr
11%
Jan
17%
Apr
75%
Jan
96%
Oct
,
Feb
85%
Jan
107% July
96%
Jan
108%
Nov
114% July
129% July
221
CHRONICLE
COMMERCIAL & FINANCIAL
THE
Number 4351
Volume 161
STOCK RECORD
NEW YORK
Range for
.
STOCKS
Monday
Tuesday
Jan. 6
Jan. 8
Wednesday
S
S
per share
17 %
17%
Va
♦112%
107 %
108 %
•
24%
18'A
114%'
♦113
115
108'/a
108%
♦107%
108 %
24%
24%
♦24%
24 %
2-iVz
24 J/a
16 V#
16 Va
15%
16
16
16
16
16V»
h
.
16
108
•
iEXI/UaNuu>/V :>>.•»' Lowest
15%
preferred
preferred
Purity Bakeries Corp—
conv
1$
Nov
26%
Jan
40% July
11
Jan
19% July
12% Jan 21
115% Nov
27
104%
Feb
114 V# July
108 Va Dec
29
92 %
Jan
107% July
26
13%
Jan
22%
Nov
10 y#
Jan
15
July
24% Oct
16% Aug 21 ;
: v"
■
r
v■■
10 'A
10%
79
79'A
9
■9V»
35
♦34%
*
22
> 21%
45
♦43
♦42
79%
16%
3,600
35%
35%
1.600
23%
23%
23%
28.800
50
45
45
100
38
400
♦44
37%
♦38
39
12'A
12%
♦12%
124
;i7%
♦118
124
79
79
79%
80%
79%
79%
17
17'A
17'A
17%
17%
17%
♦23 Va
23%
23%
23%
99%
99%
17%
23
22%
23
23
23
23 Va
23%
23'A
23 Va
23%
';d
79
F,
380
17%
'
1.500
24%
23%
1.100
5.400
23%
23%
v
500
102
*100
Jan
Rels (Robt) & Co 1st pfd
100
50% Jan
Reliable Stores Corp
No par
11% Feb
Reliance Mfg Co
10 V 18 Feb
Remington-Rand
—1
14% Apr
Preferred with warrants
25
x83% Mar
Rensselaer & Saratoga RR——100
70%.Jan
99%
' 770
..
19%
21%
Reo
95.400
21%
20%
213/4
20'/a
20%
21
21%
20%
21
20%
t
30.000
19%
18%
20%
18%
18V4
19%
18%
17%
18%
19 Va
16%
20
99
99
♦105%
106
105
105
♦101%
103%
103%
103 Va
15%
100
ICO
100
100
99
105%
♦103%
89%
89%
90
89%
,89%
15%
15%
157/a
101%
100%
14%
14%
14%
15'/a
15
15 %■
32%
32%
33%
32'A
33
16
101
360
15%
33
3174
317/«
5.600
16
101
•
15'/a
33%
4.500
15%
33%
15'/a
15%
32
34
15.800
39%
♦38%
39%
♦38%
*38%
39%
39%
♦38%
*38%
39%
39%
♦33%
3.000
18%
18%
18%
18%
18%
18%
18%
18%
18%
18%
18%
18%
12
11%
11%
12
*12
11%
11%
10%
11 Va
12
45.900
11%
11%
16%
17
17%
16%
17%
17 JA
17
17%
17
17%
17
17
r7%
7%
7'A
7%
7%
7%
20%
20%
20%
20 3A
21'A
20%
34%
*33%
♦7V»
7%
♦7'A
7 Va
19'%
19%
19%
20%
20'A
34 »A
34%
34%
34
18%
19
18%
19%
♦51%
53
53
53
39%
40'A
34 'A
18%
18%
53
♦51%
*34
34%
♦33%
34 "A
18%
53
*52
V 55
Royal
4,100
21
Dec
22
21•
Jan
Jun
11%
Jan
29%
15 Va
32
Aug
No pat
(The)——
Rustless Iron & Steel Corp
20,100
Co
J
No par
preferred
$2.50 conv
60
55
31
Jan
35
Nov
22%
Jan
30
Jun
Jan
Jan
20
Jan
19%
69%
Jan i
Jan i
4% Jan
=
14
Jan
6
19
95%
12% July U
5%
Jan
102 Vs Dec
76
88
16% Dec
Dec
100
54%
56
*112'%
55
:
\v
24
8'A
42
'
>
•"V.
25%
8%
8%
103%
104
9'A
42%
107
.
24%
8%
103%
•112%
108— 1Q8
4 tot* — ■S.9H
24
J/4
9%
43-%
9%
-
42 'A
55 iv
114
.
9%
9%
41%
wbb
*112 3a
114
25
.
104
104
112%
9%
9%
44%
43%
108%
725%" >7.
104%
25
8%
104%
8%
25%
20%
20%
'20%
10
10'A
10 V#
10'A
104%
16 Tb
*16%
14
'■
20%
10 >A
9%
16%
17%
17% * 17%
81%
81
14%
14%
*75
77
*62
63 Va
26
14%
14%
14%
14%
*60
26%
*77
77
14
76
14%
*62
62Tb
26%
26 3b
26%
14%
6%
6%
6'A
14%
62%
62%
26%
"
6'A
6%
6%
6%
6'A
33'A
33
33
32%
33
33
33%
33%
33%
33%
33%
33
16%
16%
16%
16%
16%
43%
437/#
43 3#
45'A
45%
46 %
45%
16
16%
16 Va
16'A
16%
16'A
17'A
*22%
23%
*22%
23%
*22%
23%
23%
•> %■
51%,
52
53
30%
30%
30%
30%
30%
30%
14%
14%
14%
15
14%
15%
4%
4%
53
53'A
53
53
4%
4%
4%
22%
22%
22%
21%
22%
21%
22
43
43%
43%
45
44%
46
44%
45'A
161
*158
*160
161
*158
,
27%
27%
27%
27%
f:
27%
;•
162
*160
28
17%
17'A
17%
41%
42'A
42%
43%
43%
44%
35%
36%
38'A
37%
38 Va
67
67%
173a
*80%
67%
12%
•6%
71
*80%
82
*12%
81
Peb
70
Feb
7%, Jan.
80
9
34%
Feb
39 V# July
14
12 Va
Sep
14'A
Jan
Jan
30
5%
Jan
12
July
17% May
9% May
5
19%
Dec
21%
Jan
28
Oct
Feb
8
19
20%
11%
Jan
18%
Jun
51% Apr
11
43
Jan
50% Aug
Jun
24% July
34% July
23
71%
82
82
12%
•
12'A
7%
7
17%
70%
8
.8
.\
77/a
*71
80
;•
*70'A
80
*34%
35 Va
*34%
*34%
35
29%
29
35 Va
29%
29
29
48
48
48
*47%
*59
61
*59
13 Va
48
61
13%
13%
13%
76%
■77%
76%
77%
38 •'
38
37%
37%
114%
*113%
114%
17%
17%
43%
62.000
37%
72%
44.100
73%
36%
72%
83
81
81
12%
12
12 Va
1.700
7%
13%
25.400
7%
29%
48
61
13%
22.800
77%
1.010
37%
37%
1,700
113%
*113%
114%
113%
61
*58
62
*112
113
113
113
*112;
113
*111
113
*112
113
29%
30 Va
A
114 Va
2%
29%
2%
2%
71'A
71%
82
82
82%
83'A
82%
83%
82
39 Va
39%
40
39%'
40
35'A
35%
'
51%
34%
57%
9%
57%
>5
*123%
9%
58
58
53 Va
53
51%
123
123
34%
•
9%
9%
52'A
123
130
9%
2%
71%
<
71%
58%
71'A
81
35%
35%
58%
59
'
52%
53
; '
71
10%
/
-
*124
v'
39%
35%
'
58 Va
52%
*122%
125
71%
82%
'
40
i\
1.100
20.600
59'A
27.900
53 Va
5.300
125
400
10'A
io%:
37
37
37'
37%
37
37
38
38 Va
38
63
63'A
63'A
64
38
63
64
64%
64 Va
64 V#';
10
10%
22.300
*37%
-
38
1.300
.64
64%
1.800
16'A
16'A
16%
16 V»
16%
16%
17%
11%:
11%
12
11%
12
11
16%
17'A
16%
17 Va
10.100
11%
11%
11%
17.100
18%
11%
11%
18%
18%
11%
19 Va
'19 Va
19%
'19%
2.500
16
%
11'A
h
18%
*57%
11%
18%
58
127
127
11%
18 %
11%
18 Va
19%
11%
11%
18%
19
18%
19
Va
18
58
58
58'A
58
125%
*124
126
126
6%
6%
6%
10%
10%
11
24
•;
*123%
6%
7
'
11%
10%
24%
25
24
24%
83
83
84
85%.
86
2.7%
27%
28 Va
28'A
35
35
35
35
34%
20
20
20
19 »A
19'A
327/a
32%
32%
32%
see
page
223.
11% '11%
21.700
19%
19%
19%
32.000
58
58%.
58
58
7'/e
122 %
123
"
124%
i
7 Va
11
11
11'A
10%
24%
25%
24%
25%
24%
85%
86
85
86
85
28
.
■"
28%
28 V4
29
♦34%
34%
33
For footnotes
11%
19%
125
7
34%
19%
32%
11%
19%
•58
10%
29
24
♦19
11%
.
7'A
10%
27%,
*
19
■
*57%
10'A
*82'A
v.
V
-19%
32%
V
124%
110
7%
50.900
11
19,600
24%
15.500
'85%
3.300
6.900
27%
28'A
35
34%
34%
700
19'A
19'A
19%
19%
19%
900
33
32%
33
32%
32%
3.600
35
.
'
7
1.200
■
2
Dec
4%
Jun
Jan
Jan
90%
18%
Dec
10 Vs
5
Sep
18
9
18% July 5
78% July 19
3
Jun
Jan
Jan
64
Jan
17% July
73% July
16% May
8%
Jan
Jan
6
73% May
15% Oct
7
5%
Jan
10%
No par
48% Jan
4
20% Sep 14
61% Dec
30
31 Va
Jan
57
Oct
28 % Apr
12
17%
Jan
29
Jun
7% Dec
30
6
Jan 27
9% Jan
15
5
3
May 16
•
2% Jan
Jun
5
Apr
20
16 V#
Jan
Apr
19
31% Dec
29
21
Jan
10% Feb
8
16
Dec
28
35
Xl3V#.July
7
42% Jan
7
10% May
28% Jan
13% Apr 25
18 % Jan
23;
15% Nov
22
No par
No par
23 Va JU)1
20
24% July
23% Nov
24% Apr 24
'
,——15
35% Sep
23
No par
Sep
Jan
28-
29% Feb
23
Jan
"
12
31% Dec
27
Jan
15% Jan
16
3% Jan
3
22
21% Dec
10%
6
45 Va Dec
29
Jan
28
May
27%
Nov
45'A
Sep
39 Va July
Jun
25 V#
15'A July
30
28% Jan
141
Jan
6
13 Va Jan
2% Jan
5% July 12
162
17
Dec
20 Va
132
6
26% Oct
22% Apr 24
-
19
14% July 17
20Va Dec
25
7.50
22% Aug
;
54% Dec 15
5
Apr
12
No par
No par
preferred——100
18
Jan
Jan
21 Vs
f
17% Aug 21
Jan
10%
Jan
23'/a Jan;
3
43 Vs Dec
30
15% Jan
20
Jan
40% Jan
3
34% Dec
15
<15% Jan
4
69
Dec
15
35% Jan
100
54
Jan
7
82% Dec
15
42 Va
1
12
Nov
13
13 % Dec
5
Apr
30%
Sep
149% July
25
Apr
14% Sep
30'/a May
30% Apr
49% May
66
Apr
8
—No par
1
4% Jan
5% Jan
3
Jan
2% Jan
7% Aug 18
6%
Jun
26
9
Jun
28
75
Dec
14
33
Jan
61
Nov
No par
28
May 5
22% May 13
35
Dec
30
21%
Jan
35
Dec
No
preferred
1
50'A Feb
33'A Jun
par
—.1
100
110
preferred
No par
JVn
-
No
Jan
•
$
23% Nov
35% Mar
Sep
5
> 32% Jan
16
44 % July
60
Sep
79% Nov 28
38% Dec
9
50% Sep
„
40% Jan'
110% Sep
6% Jan
Jan
Sep
Sep
107
110
2
49
26
Sep
4% July
1
,
1%
15
85 % Dec
16
34% Jan
15
58 Va July 10
14
4
49
Dec
118
Dec
Jan
Dec
Dec
6% Mar
38%
44%
Dec
Dec
40
28 V#
f
Jan
38% July
46%
Jan
60
37%
Jan
45 y#
"By#
Nov
25
"
26
11
Jan
10%
31%
115% July
28% Jan
39 Va July 12
7
Jan
9
5
74% Dec
10
Jan
' Nov
;
25
Sep
100Y# Jan
33% July 12
116
27
Jan
May
Sep
15
13
11% July
5
18
•
37% Dec
61
27
;
67% May 18
11% Jan
3
9Vj Feb
10
15% Feb
1
7% Apr 19
13% Apr 19
54
Jun- 15
121
64
42
Dec
18
28% Jan
Dec
8%
Jan
Jan
113
40% Feb
8
34% Sep 14
Sep
Jan
33
109
r
112% Nov
Oct
64% Feb
2% Nov 21
31
3
35%
•.
16
July 20
115
May 17
33% Feb
May
July
116% July
70
July
117
Aug
'
par
66
115
;
Jan
Sep
Dec
13% Dec 26
11
•
no
vat
6%
48
27% Dec 26
par
2% Jan
62
28
108
par
Standard Oil of Calif
No par
Standard Oil of Indianai
25
Standard Oil of New Jersey
25
Standard Oil of Ohio
25
4%% preferred
100
Standard Steel Spring
_1
Starrett Co (The) L S
No par
> Sterling Drug Inc
10
Stewart-Warner Corp
5
Stokley-Van Camp Inc__i
1
V.
5% prior preferred
20
Stone
Webster
No par
Studebaker Corp (The)
1
Sun Oil Co
No par
Class A pfd (4%% cum)
100
Sunray Oil Corp
—1
Sunshine Mining Co
10c
Superheater Co (The)
No par
Superior Oil of Calif
25
Superior Steel Corp
100
Sutherland Paper Co_—
10
Sweets Co of Amer (The)
12%
Swift & Co
28
.
29% Nov
57
Sep 22
111% Apr 19
No par
$4.25 preferred — „,——No
Standard Brands, Inc
No
preferred
Feb
No par
36'A Jan 26
No psT' V : 56% Jan 27
.2 » 6
Jan
3
•
$7 prior
5.300
35%
9
26%
69%
106% Dec. 15
24% July
Feb
Mar
64%
Standard G & E Co $4 pref—No par
$6 prior preferred—No par
4.400*
'
63
>
10,300
28.500
2
■*-
14
$4.50
2%
71%
82%
40
123%
10 V8
29%
16% Jan
30
Feb
43
115
•112
76% Oct 25
100
$5 Pief series A
115
2%
52%
52 %
■
2%
81%
35%
,
123
10%
28%
*113%
39%
40
58 Va
53
10
30
71%
82%
35%
123
113
8Ve Dec
xjco
107% July
55
20
58%
"4
50
62
114
*111%
:
115
2%
,
*58
*110
62
29%
2%
"
;'
13
*113%
115'.
39%
35
2%
71%
72
*58
30 %
.
*113%
10
77
113
30%
500
61
25 % May 19
-
Dec
Conv $4.50 preferred
Square D Co_.
5% conv preferred
Squibb (E R) & Sons
8.500
47 Va
13%
61 !
115
29 Va
47%
33%
113 j
2%
"'V57'A
29'/a
Sss
115
Jan
36 V*
109% Nov
—ivu
Spencer Kellogg & Sons
Sperry Corp (The)
Splcer Mfg Co
$3 conv preferred A
Spiegel Inc
500
*59
96
5
14
No par
$5.53
34%
May
Sep
12 Va Mar
15
45 Va Nov
27
36% Mar
47 % July
114
14% Mar 13
California Edison
Natural Gas Co
Pacific Co
Railway
non-cum
13
6% Nov
15
109 Va Dec
14
Jan
11% Sep
preferred
Sparks Withington
Spear & Co
700
77
62
29'A
8
80
77
113
9% Dec
Jan
35
105 Va
72
Mobile & Ohio stk t.r ntfs
Spalding (A G) & Bros Inc—
70
34 %
i;
5%
9,900
13 Va
114
71%
*\
8
*70%
347/a
*60
•
39%
34%
7Va
8'A
80
*37%
■
8%
Southern
Southern
Southern
Southern
5.200
43%
*112
*113%
5.500
18'
48
78
:<
20
27%
38%
*113
29%
160 Va
44%
113
<
11.300
27%
29'/a
*113%
*113% 115
•
160%
28
62
113-
:
44 Va
*59
38 %
114%'
44
34%
77%
*113%
44%
162
114
*60",'
*113
29
13%
4.500
16
39% Dec
7
63 Va Jan
par
—
51.600
*70'A
37%
13
78'A
V# 38
113;' 113
•37
5 Va
22%
7»A
29 %
48
4%
22
*8
34%
28%
61
12%
Va
8
*59
48'A
61
128^900
5
12%
80
*34%
29'A
♦47%
*57%
78
7
8
2.300
15%
22%
»80'/2
*70'A
-
30%
15%
2.000
17 Va
12'A
7'A
8
80
*7%
53%
30 Va
15%
No par
29
Dec
No par
No par
Sloss-Sheffield Steel & Iron
20
$1.20 preferred———No par
Smith (A O) Corp—
19
Smith & Corona Typewriter-No par
Socony Vacuum Oil Co Inc
15
South Am Gold ft Platinum—
—1
Southeastern Greyh'd Lines new__5
South Porto Rico Sugar
No par
16,900
37%'
72%
83
12%
17%
23%
44 Va
72%
*80%
:
7'A
8
•71
17%
38'A
6.300
30%
44%
44%
400
53
No
•
27% Not
15
55% Dec
115% Dec
7
16'A Feb
No par
Oct
7%
n
Dec
Jun
9
8
12
9
f
•
Feb
8
Jun
11% July
5
1
93%
32%
7
84
Jan
15% July
Jan
17% Dec
2% Jan
par
Apr
Jan
11% July
•
20% Sep
1
Simmons Co
Simonds Saw ft Steel
Sinclair Oil Corp
Skelly Oil Co—
6.300
84,400
46
17%
*23%
23%
53%
27%
37%
.
17%
53
•160
43'A
17%
70%
:
12%
12%
7
17%
46 v
4%
28
35%
16%
22
162
28
33
15 Va
4%
22%
34
Xl6%
30'A
15'A
4%
33%
*32%
16%
•22%
V
30%
15
4%
-/
48.400
34%
45%
10
3.200
7
33%
17
■
30%
p
6%
16 Va
46
16
51%
267/a
33%
16%
*22%
26%
4.400
;.tf.
64
,_No
Sharpe & Dohme
$3.50 conv pref ser A
Shattuck (Frank G)
Sheaffer (W A) Pen Co
Shell Union OU
Silver King Coalition Mines
100
14%
•
No par
3
Sharon Steel Corp
$5 conv preferred
6J00
8,800
80
•32%
33%
16%
>
14%
*62
"Seaboard Oil Co of Del
Seagrave Corp—
4 4001
Sears Roebuck & Co
16>C0
Servel Inc
8.500
Shamrock Oil & Gas
Oct
9%
6%
19 Va Oct
3"4 Mar 16
N" P"
Co
i
3Qn
83
82%
14 Va
6%
:
17%
*75%
14 ^
27
6%
10
45%
34
16%
*33%
17%
14%
26%
20%
9%
64
i
fSr
Dec
88%
)
25 Va
39% Nov;
8
110% Jan
20% July
101%
15% July 10
JanY 27
Corp—cpr)
CorP. new 3 V,
10 Sep
6.800
2.300
104
20%
14%
♦62
8%
103 V4
79
14 Va
62%
26%
33%
.
14 'A
♦75
26%
Vv
25%
8%
8che„.ey
Seett
'
82
76
14%
14%
T
18
17%
14%
80
300
10
81%
Savage Arms
SSS
108 %
20%
9%
'
*75
•
20%
43%
Apr
35% July 10
-AW*-
-'25'"
8%
8%
104 Va
no4
10
81 %
43%
*107 Va
•
20 Va
80
•■'
14%
14%
■,?
79
20%
10
10iL^
—
V% '"preferred-—-—-—100
2'805°0
10 000
-103-—
42%
106%
„
8%
,17
17
"
80
79%
20%
9Va
9%
43%
♦
"
20%
112%
9Va
nl9Va
44 Va
*106%
557/a
112%
112%
9 %
_107%>
8%
55%
56
55%
55%
114
55%
ft Joseph Xead
3.000
397/a
Oct
Dec
98
13;
19
38 Vs Dec
40%
39 3A
39%
39%
39%
93
Dec
s
99%
40'A
39%
Jun
69% Nov
27 V
Dec 21/
Dec
-105
(.
Sep
May
10%
Jan
Dec
105
;
13%
74%
•
Jan
73 Va
5
21% July
;
•
•
42 Va
9
4
Aug 17-
16
V# July
6 '•
23% Dec-29
;
86
12
12
,102% Dec
Nov
Jan
14 Va
'
3
Dec
Dec
Jan
80
20
2
26
Nov
6%
3 V# Jan
66 Va
Dec
99% Nov
,
Jun
22% May
j
18
>
Jun
26%
<
26
4
24
•
5
5
19 9
.7-
17% Jan 26
25
Jan 3
14% Jan 5
45 Jan 13
1
.
85% Dec
Jan 3
5Va Apr 18
Copper Mines
Typewriter
Dec
:
155
13
No par
Company
13
7
90
-
36% Dec
-
26% Jan
14% Jan
•
27
42% Dec
;
No parL^;^ 6% Jan
Brass
Antelope
Ruberoid
500
19%
19
Roan
4.700
34%"
♦52
;
Ritter
2.000
7%
7%
20
19 Va
19%
53
'
101%
21% Dec <22
A
3
7% preferred
100; .; ' 84' Jari;15
5Vi% preferred
100
63 Jail 4
Reynolds Metals Co
No par
lo Jan 4
5%% conv preferred
—100
85% Apr 8
Reynolds Spring-.
1
8'A Jan 4
Reynolds (R J) Tob class B
10 ? 28 Jan 3
Common
10
36 May 3
Rheem Mfg Co
1 . 13 Jan 3
Richfield Oil Corp
No par .
8% Feb 29
190
90 3A
101
16 %
15%
100%
14%
♦
♦105
preferred
prior pfd ser A
Revere Copper
110
106
104 %
104
106
conv
6% conv
14.900
'
12%
12%
12%
12%
12%
12
12%
106
10 V#
Jan
34% Dec -16
:i
71% Oct
;
64 %
July 10
18
12% May
<■
Jan
17-
33% Dec
;
Jan
3%
107% Jan
—1
v 8% Apr 18
No par/T'16 Apr 24'
100 );' 99% Jun
100 > . "87 Jari ;3
Inc
Motors,
6%
500:
-
108%
*107
100
—
Republic Steel Corp
20
*105
:
106
108
101%
15%
15%
15%
105%
105
106
*106
106
*105
,
92
92
*91%
95
15%
♦90'A
12 Va
♦103%
105
105
106
104%
12%
ll7/#
117'#
11%
105
106
♦105
..
Preferred
•
79
•17%'
t:
1.200
12%
100
100
100
100
99 Va
99
99%
99'A
23%
23'A
99% 100
102
♦100
100
100
24
♦22%
■
124
*118
124
♦118
.
,
>
38
12%
12%
:
.
17%
177a
100
16%
81%
23
200
35 %
37%
♦118
'
23%
50
22%
♦99%
35
17
24
♦44
4% Jan
69
'
-
1.500'
92%
35%
35%
x22%
46
12%
79
9
92%
35%
♦35
23%
12
26.000
16%
35
V
9 %
35
17
fy
900
93
V- 92'A
35
V
79%
80% Dec
$3.50 conv 1st
■
9%
9%
92
16%
.♦37%
•>.
80'A
9'A
9
91%
35
12
♦11%
124
78'A
79
377s.
12
■
79
35%
35
37%
37%
37%
♦11%
■*118
79
*118'.; 124
♦37
:
35
21%
.
79
July 12
13
10% July 10
12
8% Apr 13
69% Jan 5
7% Apr 24
85% Jan 27
28% Jan - 3^
Rayonler Inc
——1 < 12 Va Feb 3
$2 preferred
—...—25 ; 28 Feb 3
Reading Company
-—50
15% Jan 3
4% non-cum 1st preferred
50 J 32% Jan 13
4% non-cum 2nd preferred—50
27% Jan 7
Real Silk Hosiery
5
5% Jan 3
No par
preferred—No par ».
KadlO-Kelth-Orp' "um —
1
6% conv preferred—*
—100 ;
Raybestos Manhattan
No par
of Amer
Radio Corp
167.700-
11%
11'A
17 Va
17
34%
.
45
11%
36
17
16%
21
20%
♦42
11%
9 V*
♦35 Vs
36
♦35
'
17
16%
11%
917 a
91%
91%
91%
36
♦35
9
101a
79%
79
9%
9Va
92 %
91%
79 %
79
10%
10%
10%
10'A
Aug
113%
Mar 22
18
13
12
15
14
14% Sep
109% Jan
103 Jan
No par ;• .;19% Jan
122
15
52 Va July 10
119% Feb
2
3
100
103
OU Bel Corp
Quaker State
1.200
113% Nov
*37% Jan
No.par
No par
Highest
< per share
I per share
I per share
t ver share
<
.10 par
(The)
Oil
5%
1.900;
■
»
6%
1.600
24%
15%
Puit>
200
108'/a
24%
V
pfd $5
Pullman Inc—,...
66.500
.
114 Va
*107%
108
Pub Ser El & Gas
160
22.10U.
18 'A
*112%
-V
;
117%
Va •49%'
18
18
18%
114'/a
24 Yt
:
Lowest
Highest
Shares
per share
49
50
49
'
♦112%
18%
17%
t
117'A
117%.
17%
♦107%
"15%
49 %
48%
49%
116%
the Week
Previous
Year 1943
Year 1944
Range for
Par
'♦112%
18
114V#
108'/a
24
24
117
-
'
'
•
STOCK
NEW YORK
:
for
Salc9
Jan.11
i per share
share
ver
♦116%
117%
48%
4.9 V*
17%
112%
$
share
ver
117%
117%
48%
48%
48',8
112
(
nhar»
ver
117%
•
117%
'116
FHdav
'--
Jan.11
Jan. 9
-
y
Thursday
Jan.10 L
Saturday
-
PRICES
SALE
AND HIGH
LOW
17% July
21
5
13% July 12
19
-
Dec
»
68% July
7% Jan
9% Ma>
31% Mar
66
14%
4%
Jan
14
14%
Deo
*17
May
Jun
July
Sep
6% Jan
10% May
5
5%
Jan
15 V#
Oct
19
48%
Jan
Oct
13
12% Dec
20% July
64
14
'
May
18
122
Apr
Dec
63% Mar
130
Sep
Jan
27
5% peb
15
5% Jan
3
17% Jan
27
25% Dec
12
127/#
Jan
22
May
66% Nov
16
84% Feb
2
58%
Feb
82
May
30
14%
Jan
32 V# July
19% Apr
128
'
7% July
5
4% Nov
6
Oct
10% July
5
3% Jan
7%
Apr
•"
25
26
Dec
Sep 14
8% Jan
4
34
29
27% Jan
3
-
Dec
8
20% Sep
25
33
13
Dec
26 V# Jan
4%
Feb
22% Jan
33
12%
July
Jun
27% Nov
222
THE COMMERCIAL & FINANCIAL CHRONICLE
LOW
AND
HIGH
SALE
PRICES
Saturday
Monday
Tuesday
Jan. 8
Jan. 9
STOCKS
Wednesday
Jan. 0
Jan.10
I
f
share
ve.r
33 J/b
per
33%
33 %
share
S
.34
35
34
34
30%
30%
30 Va
30%
30 Va
31%
7%
7%
7%
7%
7%
Thursday
8%
33%
31 Va
•
NEW YORK
5/iarei
>
•
34%
31%
30%
1,1
•
" C
Range for Year 1944
1
.Lowest
Year 1943
.Highest
ParI per share
31'A
Swift International LtdSyivania Elec Prod's Inc
9.600
10.900
'
8
8VB
No
Lowest
I per share
Highest
per share
' '
'
f
*'
•
'
f'
•>"'%'
-c
,
i.y/.v
10
33% Jun
27
27%
Nov
35 %
18
33% Jan
5
22%
Feb
35% July
9
4%
Jan
8% May
1
•%'
»
5% May
'
V
share
per
Jan
* 26% Apr
par
Symington GoUld Corp.—
•44.100
'
'%• 27%
——
'
8%
Range for Previous
>
STOCK
EXCHANGE
"
33%
8
for
the Week
,
I per share
34 Vi
31
8'A
8
Sates
Jan.13
S per snare
34V4
30%
Friday
Jan. 11
t per share
per share
Monday, January 15, 1945
; 5*'
*„
'
:
9
»'
8
'
Dec '
A
Apr
\'i'
'
T
*7%
8%
50%
50%
7'/4
7%
49
%
12V4
50
*51
Va
12%
50
38%
23 3 a
23
237/«
22%
23
15%
15 Va
14%
15%
14%
15%
16.500
38
36
37%
11.600
Va
21%
20
20%
6.500
57 Va
57%
57%
58'/a
380
9%
*9 Va
9%
35
35%
3 5 V'4
37%
36
3 7'A
35'A
36 V
1.)
19
19
19 Va
20%
20
7%
21V 4
57%
10
10
54
■54%
10 Vis
10%
10%
13-/4
14
4%
4%
4
31%
■£
54 Vb
14
48
47 3 4
48%
4%
\ 4%
31%
31%
107%
107%
107 Va
107%
*35%
36%
36 Va
36 Va
51%
51%
51 Va
52 Va
-
107
10%
10%
10%
10%
14
48
*13%
48 • %
48%
4%
V
4VA
107%
17%
*107
108
*107
36%
36%
36%
36%
36'A
52
52'A
52
52%
52
11 Va
11%
v 11%
11 Va
11 Va
11%
27 /.
27%
io %
27%
11%
>26%
26%
26%
27
26%
19 :
>27%
V 19%
27 Va
18%
19Va
19%
19%
V
2074
20 VA
21%
21
5Va
il %
105 Va
11%
101 Va
:
105%.:
11%
20
20Va
*101%
5
'
20 Va
;
101%
101Va
102
28%
28 3
H
29
28%
113A
Va,
35%
35 V b
36
35%
*106 V
106 Va
10 Vn
10 Va
v
,
■
106
120'
120
120
*106
11%
Jan
Jan
32V4 Apr
6% July
19
37VA July 14
33'A
Dec
14% Feb
41% July
4
8%
Jan
18
8% Feb
9
16% Nov
13
7%
Jan
17% Jan
13% July
4
35
29
"16 Va
Nov
12% Jan
28% July
13
121 Vi
21
12%
12 %
8.700
20'A
20%
10.000
102%
102%
28%
28 V8
35%
106 %
106 Va
-11
7
43
14%
$1.50
400
$4.50
10%
-
pi
T
49ViOct
51/2 Aug
14
53%
54
13-;
July
12ViDec
Dec
July
95
Oct
'
13Vi Mar
8
Jan
,
33%
29
V
Jan
9%
Jan
Sep
49
May
6% May
3
Jan
8'/a
Jan
15
26'A
Feb
34%
Dec
3
Mar
26%
Jun
>•
,
lVa Jan
July
6
34
Feb
3
17
7
9%
Jan
100 Vi Jan
15% July
3
109
Dec
6
94 %
Jan
103 % May
3
38
Dec
14
23%
Dec
34% Mai
25
Jan
43% Apr 24
Dec
7
July
16
Jun
Jan
50
13
52% Aug 18
11% Dec 15
40%
8'A Jan
6%
Jan
17Vi Apr
25
29
Dec
15%
Jan
183-
July
lOVa May
25% July
16% Apr
12Vi Jan
'V
5
3VA Feb
par
19
5
5VA Dec
27
11'A
1%
Jan
4
Jan
4
105VA Dec
20
69
Jan
8% Jan
3
11% Nov
30
j
par
15% Mar
•
Jan
6%
4% May
SO
May
9% May
Jan
Dec
26
20% Dec
7 102% Dec
21% Feb
17
28% Dec
30
28VA Jan
3
35% Dec
23
25
Jan
85
Jan
4
105% Dec
20
99
Nov'
102
»ferred>——
No Par
5V'« Jan
5
68% Jan
4
8% Jan
6
*5i%Jan
10
•
July
21
85
.1 i
—
'Oct
8
13
...1
No
Jan
Jan
18% Mar
par
—10 >
Corp—
4
14
No
July
Jan
52
16
4
Jan
13% May
53% July
19
30
13
preferred—
———lot)
Twin Coach Co—»r—
'
6,000
Dec
10% Dec
19
10
2
190";.7%
15 Va
94
V,
2Va
19
32ViJan
-
par
No par
prior pfd
Dec
11
Twin Cjty Rap.d TransitNo pur
13.700
122
14%
;
10.600
,
122
19
4%% preferred —:———100
20tn Cell Pox Film Corp
No par
Y
6
35
Jan
Tu^e Rnvon Corp
600'
18.900
5
July 12
9% Nov ' 1
4% Jan
preferred——JVo par
Truax-Traer
24% July
58
20
Apr
Dec
11 Va Jun
Nt
$6 preferred.—
200
v
36
122
14%
81% Oct
29
par
Tri-continental Corp.—
22.700/
-
106%
*10%
121 %
121
J
,—Nopar
Transue & Williams St'l
4.700
5%
36 3A
14%
4.700
103 7'n
29 VA
10%
conv
29',-/Dec
50'A Feb
4
5% Jan
6
92
Jan 31
Tim ken Detroit Axle.
—10
Ttmketv RdHer Rearing——No par
Transanierica Corp——
—2
Transcont'l & West Air Inc
5
¥
19.300
.
5%
102
106 Vn
14 V a
11%
26%
■
103%
29
11
121
15
V.
> 36
106
103A
$4.50
4 700
20%
102
29
.36%,
106
122
14%
|
Jan
3Va
par
Co—<Vo
$3.50 cum preferred--
;2.600
12%
20 Vi
102
35 Vb
llVb
*121
15
v<
106 Va
10 Vi
122
'
14 Va
14 Va
11 Va
106
10%
8%
41%
14
*
105
12
20 3A
X10%
5 %'
105
11%
*101V'B
V" 28 V'4
36
115A
5%
105 V; 105
.A 20"'
29
35
11%
.-6% ''*•5%
Vis
20 Va
28'/a
11 V'8
19%
11% !
20%
101 Va
5%
105'/a
11 Va
'
V
11%
V 20%
5%
105 Va
5%
5'/a
105 Va¬ 105 Va
5
10
6% Dec
——25
Tide Water Associated Oil
210
.
36%
Apr
5% Mar
1
Transit Corp._No
Thompson-Starrett
1.000/
Jun
45
12% July
—100
:
Thompson (J R)———
Thompson Products
19.800
52
,
Avenue
Jan
par
No
5.600
~
107%/
36%
Third
8%
Jan
3
50'A Jan
—1
preferred—r-——10
conv
Jan
35
15
Oil
4.100
18
52%'
$3 dlv
,
4'A
18
52%
$
:.
preferred
5%
7
13
28
Thermold Co-„
8.900
32
17%
1%
19
'
Dec
8% Oct
10% Mar 29
No par
No par
preferred ———_—100
6%
570
48%
4%
&
8% Jun
51
44% Sep
4% Feb
25
r~r
150
>
*31%
36%
■
5
5
par
S3-^0 conv preferred—
17.400
;
14
32
Texas Pacific Coal
20
55
32
18
107
107%
■
10%
54%
4%
17%
,>■'
96%
10%
10%
32
7.300
127
*95
54%
*13%
48%
4%
31%
17 V'8
17%
10%
22.400
29.000
10 VA
14
*13%
*124'A
96%
13.300
:
7%
54%
v
54 V b
10 3A
11%
Va
%
17'%
17%
17 Va
17..;
10'/a .10%
•
127
*95
10%
4%
32
*125'
96
54%
*13
48
V4
31%
96
lA
11
14
47%
48
47%
31%
10
*9Va.
128
*124'A
95 Va
•
9 3/4
*9 Vb
....
54%
10%
*13 V4
9%
125
*93
10%
54
9%
54
57%
57%
*9 Va
93%
93%
52%
*57
125
*
B
7'/a
Jan
10
Texas & Pacific Ry Co
Thatcher Mfg Co—
24
15 Va
9%
12
Texas Pacific Land Trust
36%
20
23
15%
57%
3
VA Jan
100
38%
22 Vi
24 Va
15 V'4
130
Jan
4
Corp
1 exas Co 3The)
i—
Texas Gulf Producing—
No
Texas Gulf Sulphur_
No
Va
23 Va
15 Va
*9
50%
15%
23%
57 Va
50
42
Tennessee
50 Va
15
*123 V'4
8.500
38 V'B
22 Va
9%
12%
7
50
5
50
38
58
12 Vi
—9
Telautograph Corp—
38 VA
37%
130
7.400
7 Va
7
38
"57 '/a
160
7%
38%
7%
37%
>125
Talcott Inc (James)—_—;
5%% partlc preferred—
-1.100
53
7%
12%
12%
50 Va
8%
*51'A
8%
37%
7
37 Va
*18 Va
8'A
•
52
8
.
12 Va
37
*
C%
52
'
8
12%
50%
49 Va
7%
8%
52
7%
8'A
12'A
50 Va
V'8
6
8%
*51 :
52
7%
12%
50
•
6%
6%
8
8%
8%
52
7 Va
12
12
8%
*51
9% Dec
lis'
8
12%
29
Dec
4%
30
16'A Dec
Jan f
14
24% July
34% July
101
Jan
67
Oct
9%
/
6% Jan
Jun
77%
Jun
11%
Jan
Jun
U
59 %
59 Va
60 Va
11%
14%
.V. 14%
80%
80
80'/a
*112%
114
20%
; 21
62
;
62%
62%
62%
62
62%
15%
14V2
14%
14%
15
14%
14 Va
80'/a
118
62
14%
80%
i
v
*61
15 V'4
*115
118
*116'
62
80%
80 Va
81'A
81 V«
81 Vi
80%
81 %
*116
113'A
113
21 VB
113
V 118
X21
113
:
21%
117%
118'A
1187/B
119%
104
103%
104
104
104
21
;
30 Va
31%
"108
30
30
31%
*30
31%
32 'A
33%
33%
*119%
122 V2
*120%
"23 Va
24 Va
23%
114
38 %
17 '.
17 V'4
24%
*112
v
36'A
93%
93%
92%
14%
14%
14%
i: 13
49
*106
17'/a
17Va
18
18%
80
80
80% :
81
*181
183
>•
13%
*51 Va
*181
51%
30%
30%
8% ■!
8%
8%
*9%
10
9%
36
36
35%
*45%
47
45 Va
*47 'A
47%
*47 Vi
9 Vi
9%
47
47
*47%
48 'A
48'A
14%
51%
VA
39%
40 Vi
'eVa
8%
8%
3%
4 400
31%
•30%
31 Va
4,400
31 Va
10
36 VA
48
10
-
10
36 Vi
3%
3VH
3 Va
3%
51%
53 'A
52%
53%
52%
54%
53%
54 Vi
51%
147 Va
145 Va
147
147 Va
*145%
147%
147
56 V'4
56 Vi
58%
■'.58
75
75
75%
75%
75%
.,
6*7K
Y.
63'A
*144 %
146
146
57
57%
57%
75%
75
75'/a
63 Va
63%
64 %
62%
63 Va
139%
,
'>
20% May
ft
Co
f!vn<;iim
9
I ihp<;
s
Co
Ruhticr
---
6 200
7nn
25%
25%
26
50
48%
48%
48 Vi
4V «
4%
4%
4%
1,700
47/e
4%
4%
4%
4%
4 700
99 Va
99%
99 Va
99%
400
17%
17%
17%
17%
1.000
4.600
Universal Laboratories
*48%
*9
4%
4% ',' 5
4%
4%
5
*16%
V
17%
,
A *98%
100
*97
103
>
*16%
5%
5%
40 Va
41'A
81%
81%
81
,
*180
*176
*39
79%
81
..
100
*99
,
.
4%
-
,V16%
ae%~
6%
6%
6%
41'A
42 VA
79 %
79%
80%
186
*180
186
*180
186
4%
41 Va
16 'A
6%
39%
.
17'A
17 *A
17%
5%
3^/8
IOO
4%
,
6 Va
6
6
; 41%
*40
—
*79%
*180
80%
22
22 Va
13%
13%
13%
33%
*115%
16
33 %
34
95
8%
Inc
preferred//.
;
■
^2% Apr
113,V
9 '8
,
r
4
5
Sep
o
*59
60
*45%
*36%
*122%
13%
14
33%
3*2%
33%
*33%
A
116 Va
*115 4i
116%
*115 A
16%
167/a
16%
17
*16%
16%
49 %
50
*49 Vi
90
90
*90
95
*115%
-
116%
ur>,4
*115
1
17
50
*493/a
"87
90
95
25
95
24'A
4%
4
GO
118%
.
37%
24%
*24%
4V«
4V8
24
60 Va
59 'a
118%
118%
.
60
47
*46
46
37%
*123
3.500
37%
125
—
37%
123
*145
4%
60
59 Va
*118%
62
59%
Va
*46
47%.
38
37%
123
*122%
*145
*46
37'/a
127
37 Vi
*
122 VA
60
50
•
Vertientes-Camaguey
Vick Chemical Co—.
Vicks Shreve & Pac Ry
300
95
10
95
5%
24'A
24 Vi
24%
--1
20
162
2%
9
Jan
Jan
66
July
Jan
Nov
4%
9 300
non-cum
Va-Carolina
^Ynn
64 %
4
—
preferred
6%
41 % Jan 25
63 /a Jan lo
70
Feb 11
--5
—100
-100
—
53V.July 5
» /*
21/a Jan 7
3 /a Sep 14
50
Sep 7
.5
Chemical ——NO par
100
dlv partic preferred
Mgj
16 Dec 8
51
85
85 A
Oct 21
De. 22
y
Mar24
5A
4
62% July 5
Apr
Sep
29%
Dec
4%
Dec
100
Dec
5%
Jan
Apr
Jan
13% May
84'/a
Jan
99%
9%
Jan
19 :•■'! Julj
59
Jan
75%
Ocf
168
Dec
181 %
Apr
•
5% 'Jan
30
4
19%
Jan
.
4% Nov
8% Nov
29 Va
Jan
M
25%
101
Jan;,
Jan
Jan-
46
Jan
64%
Jan
47%
Jan
V« July
Jun
37 '/a May
Jan
32
Oct
8
9%
Jan
21%
Apr
114
Jan :
-
-
Nov
7% Apr
Jan
13%
Oct
44%
x42% July
Jan
108
Dec
lOVe
39% Jun
Dec 19
NoT 24
Jun
35
Jan
3Va
63% July 10
136% Dec 18
27% Aug ^0
43% Dec 26
4,a No
116
9V«
76%
99
4
9
Jan
16%
6
- )
A Oct
Sep
60'A Mar
543/4 July 14
/
FX
23%
i50 Dec 15
61/4 July 13
78
■
1I
5%
July
42
A
44% Jun
3% May
130
Sep
Dec
62
46'A
May
74
/Nov
59% July
Jan
112
20%
42Vs
'125
July
Nov
29
Apr
Jan*
50% Aug
1%
Jan
,:'.%
Jin
3% July
3
Oct
'
88
Dec
20% July
2%
Ncv
6% July
30Va
Nov
150
Jan
Jan
15%
Jan
8%
Jan
Jan
115
40 Va
Mar
Dec
41% July
75% July
165 Va
12%
Feb
37%
Oct
120
Jan
M
Feb
20%
Nov
2Vi
Jun
67%
26%
6%
68 %
39
Jan
20%
Jan
4 if
*59
62
27
Jan
40
46%
*46
46 3A
29% Jan
37 Vs
127
119 Va
*118%
v«fc=:f | ^ B'-lill
Ys
37
X37
127
*122%
Vurrcf" ma
-!
*145
*145
; ■■■■:
' '
ng
W
«9
;
■'
Feb 11
'
*
15?
July 6
80
Jan
113
Jan
:
Oct
44% Oct
57
51
Nov
25% July
60
119%
Oct
Jan
13%
r: 56
■'•'
25%
Jan
No pur
—-2.su
Victor Chemical Works
800
4%
60
Dec
^
Jan 18
106,4 Dec 13
14% Jan 4y 18 (8J" yf
3
\
4J3/4 j£c 7
va^aau^c—|cty 15
0
Sugar Co_6%
12/4 May
°
5.700
*90
4 V8
119
3.000
34
*90%
'
24 Vi
4'A
119
59 Va
61
45 %
I
*60
60
118%
62
>145
*143
%
4V«
*90
*
47
127
95
*89
*59%
60
*
50
90
24'A
.
116%
50
60
119
13%
32%
*88
4
13%
13 VA
96
10% Dec is
46 Not
48 Dec
4 k Dec
/6
"O
Vanadium Corp of Am
Van Norman Co—
19,300
23%
13%
32 Va
50
24%
22%
13%
90
*90
*86%
*24
23%
33
50
50%
90
22%
137*
*87
*49
*118%
22%
33
,Vf 116%
17 v
16%
16
22 VA
22%
13%
115
116%
*87
4
22 Va
22%
Dec
-
38%
Nov 30
July 1
Dec 5
D^c 9
iJ-lvIYSYIY/YlllIiYl 11
21%
Sep
94%
59%
183
183
186
.
80 Va
80%
May 18
44% Apr 26
2% Jan 28
22
A 42
6VB
'..•V. *41
May 25
xll.9% Jan 27
48%
50
69
—100
25 Vi
no
*v
7
50% Apr 19
26
Preferred
? onn
3*500
3
Feb
———Wo par
25%
4%
^cb ^
24
130
Jan 13
48 Va Dec 21
-
—-
U S Steel Corp
25%
4%
40
10
25%
*48%
l5«/a
12% July 3
8%ja.i25
25 Va
4%
Jan
10^/4 Dec 11
21 ,8 JUll «21
Feb 17
do
30% Apt 19
40% Jan 3
35% Apr 3
1
Feb 2
25 Va
4%
35%
7%
7% Sep 21
Mar 28
22% May
*
Jan
4
109% Dec
3
5Vz
Jun
33% July
Jan
Dec 16
9
HO
Po
U S Tobacco Co
No par
7% non-cum preferred——25
United Stoi kyaids Corp--1
United Stores class A
---5
$6 conv preferred—,
Wo par
Universal-Cyclops Steel Corp—-—1
50
«
42, Jan 7
51/2
34% Apr 2\
4« .a
- 5
Jan 19 ^ 9
loVa J«n 3
.8 k
100
140
4%
4.
Jan 10 > 186 Dec-. 1-. 8'/2 Jan 4
15/a Oct 18
-
114%
17%
fr 170
par
pur
par
139 Vi
4%
19
Feb
70
—.20
—
May
1nft%
t
7% Feb 10
9i% Jan 4
14% Jn 3
No par
No pur
62%
*48%
T ^ JWV
9834 Jan
—Wo par
137%
'
4
4
40
.l^n
4
1 •>
31% Apt
Oct
28% Mar
Jan
'4
July
97
•
Jan
17%
24% Dec
10
61%
50
93%
15
1% Ja¥ 3
-100
-
——
136 V3
25%
20
36% Dec
-»—
61%
*48
110% Sep
Oct
22% July
123% Dec 15
——5
136 Va
26
18
iiof/ Mar114... iu~
8% non-cum 1st preferred—-100
US Smelting Ret & Mill.
—^50 ;:
Preferred
—50
95 500
140
24
22% Apr
114 Va
Nov
No pa*
60%
139%
Jan
Feb
Apr
102 Vi
Jan
24 «A
*24%
102,/« Jan 19
100
133 Va
140
79%
30
100% Feb
par
62 Va
? 139
13
Nov
:::::::::::-.:-:---10
fi
*800
57%
7r %
•57%
1/,
613A
q 700
xcAnn
53%
144 Vi
139%
56 Vi
,59
800
3%
53 Vs
144 %
Dec
30
33% Nov lo
12% Apr 18 j -17% Dec 30
No par
9oV/4 Jan 4
10b ,* Dec 14
Dvowood Corp—
k
>•' 0
Feb
5
1- B Aug 30
100 u «» Apr 19
98(4 Aug 30
Electric Coal Cos
—5
8
Jan 6 v 11/» Dec 15
Engineering & Fdy
5
28$ ¥ay
oiat
\i
Fruit Co...—
-No par
75 U Jan 12
91 k Dec 15
Gas Improvement Co.—13 Va
11% Oct 30
Jun 8
Merch & Mfrs Inc——v—1
28% Jan 19 - 52-a Dec, 29
preferred
100
•'
3%
*
3%
3%
3%
3%
3%
3 Va
104
6
6
July
*118
Jan
Jun
26
U S Pipe & Foundry-/.-20
us Playing Card CO
—-10
US Plywood Corp——
1
JU S Realty & Impt—Wo par
2^800
48'A
43%
TT
onA
?QOO
...
48
*47%
43%
•:> 47%
y
10
36%
48
*47%
48%
3%
3%
36 Va
10
36 %
20
(xa
1
92% Feb
115
25% Jun
^0 par
U S Industrial Chemicals
No
U S Leather Co-.—.—Wo
Partic & conv cl A—
Wo
Prior preferred—
—
3 100
114
*111%
K%
8 Va
10
4
40
x39%
114
*111%
51 Va
56
2 900
14%
Dec
1% preferredZ-—I"—100
U S Hoffman Mach Corp
5
5V2% conv preferred—
-50
—J
/.A '51%
8%
Va
9%
TT
a/m->
8%
35 VA
47
x48%
48'A
J.
36'A
36
1
513i
114
8
8%
8V8
8%
10
36 Va
•;
A
183
*181
118
10
u S & Foreign Secur
$6 1st preferred
u S Freight Co
i
11.700
,14%
31%
114
115
80
80 V-
80%
183
Y
3
.100
*
40
•
14
No par
—
8 400
19%
17%
18
5
17% Sep
93% Jan
V,"100
No
nreierrcd
5'A
/.
109% Feb
25
100
United Paperboard
108
*106VB
Nov
100
preferred
1.400
14%
40
31
'31%
13%
.
Jan
Jan
2 800
-
*51 Va
14%;
/.A 8%
87A
*111%
113
113
'?•
113
*111%
40
13%
106 Va
*80%
*181
51%
40
40 Va
8%
30%
31
31
"7,
8%
VA'
13
15%
80%
13%
*6%
*6%
105%
19
6%
'
109
*108
109 Vi
28
30
United
United
United
United
49 Vi
49'/a
49 *8
'/a
80 3A
13%
*51 Va
51%
8 200
183
*51%
39%
14%
7
*79 Va
*181
14%
%
14%
17%
51%
8%
39
8%
8%
14%'
18'A
14%
14%
4,100
14 Va
United
400
109
Oct
20% Dec
59
Jan
119
SS—i—!:
8 500
13%
17%
*181 % 183
183
*51%
39
39
<■
14%
13%
12%
35 Va
93
50
113
United
34y
12'A
106%
81
"
•?
35%
92%
*106% .106 V a
18%
18 %
80
.
68
12%
109
16
100
10
8€% May
19
United Drug Co.—
$4.75 preierred
93%
13
107%
*106
107
107
9%
*66%
11%
Dec
Feb
ion
r
*106'A
10%
68%
v
Jan
113
Mo
nreferred.
$3
6 500
35 Vi
953,8
6%
7
16%
16%
•
14%
49 Va
13%
13%
>
->i'ion
V4
Jan
8
20
5conv preferred,
12 %
36
109
109%
*6%
7
13%
13
Va
39%
40
42
*76%
9
82% Jun
United Corporation
41 800
*35%
92 Va
12%
-
36
50 Vi
108
*6 Va
%
105 %-
106 %
49 %
10? Va
12
■\i
%
•
108
Y
*10
1.100
"l%
28
7
TT^ ine{<?,rY'^d —
United Biscuit Co
—>•—
^
'16%
16 Vi
;
a
12%
23%
^1%
'*■
Jun
15% Dec
Sep
United Air Lines Inc
.14.000
114
40
68%
*35%
lit/
.-
23%
i%
conv
66
7
76
$5 pfd—-No par
series
No par
El Co of
8%
34
9% Feb
No par
United Aircraft Corp—.5
120
20 '.'4
K'S
10%
10
12%
14%
14'B
49 Va
107%;
7
"6 Va
110
*108
u»%
93
50
-i
10 V'8
12%
35%
108
109%
10
6 7
12
14%
14
16%
16%
35%
49 Va
17
33%
114
40
1.100
3.400
19.300
109%
*119
24%
1%
40'A
16%
39
*107 >A
'
9%
92
*107%
39%
1«
35%,-
92 Va
39
109
92 Va
*34%
13
39 V'4
34%
*26%
1%
1%
104%
*109
120 %
*112
29
*26%
1%
1%
1%
'67
33%
*23%
*112
29
104
109%
120
^
*26%
29
9 "A
11%
11 %
*109
33%
16%
67
*66
109 Vi
120%
*106 7 h
9%
*9 i"V
32%
24'A
•
*106%. 109
30
32
33%
38%
38 V«
29%
32%
119%
Of'"*7
2.900
29 3A
24%
1V4
1%
1 V'4
*108%
16.100
119
No par
No par
Preferred $4.50
Union Oil of California
Union Pacific RR Co
4% non-cum preferred
Union Tank Car
110
21%
119
104%
34 'A
*26%
21%
119%'
32%
120 Va
*112
21%-
114
29%
33%
24
*113%
104%
'
120 Va
<OT
28
21%
119
6.800
Union
30 Va
31%
24
113
Under Elliott Fisher Co—
Union Bag & Paoer—
Union Carbide & Carb—*
118
32%
30
32%
34%
U•
"26%
2%
119%
*116
104'A
30%
109%
118
113
121 Va
34
114
*6G%
21%
119%
*104
30
*108
*116
114
>;• 32
.
109%
*109
109%
118
>113
117
117
*103%
*
*116
1,600
6.800
;
An#
MmV
Feb
July
July
Chit
Oat
35% hep
110
Aug
160
NOV
Deo
24%
66%
66%
13%
*32
*107%
66%
13 3 4
32%
108
13%
32 Vi
*107
69
14
32%
108
68%
13%
14
32
32
108
68%
'
108
;
Y lS
S
ili 3!
fiM8S2?
Jan
40Va
7 Va
Jan
11% May
Jan
28% July
20%
i)
THE COMMERCIAL
Number 4351
Volume 161
Monday
Jan. !)
Jan. 6
s
«
per share
65%
65%
67%
65%
19 lA
19'A
*19%
19%
*19%
9%
9%
9%
9%
•9%
9%
9%
*1%
1%
*58%
13%
14
•*25
14%
13%
34%
25%
.
34%
22%
30%
*
1C VB
66 'A
65%
66%
19 %
19%
*19%
19%
9%
9%
9%
9%
24.800
10%
*9%
10'A
*9%
10%
>'■ 9%
9%
500
1%
*1%
1%
1%
1%
i%
500
,
59%
25%
26
*101%
103
*112%
*
■
34%
113
102
33%,
25%
25%
221/4
221/2
*21%
30%
30%
31%
31%
31%
30%
*24%
10%
10%
25%
<25 %
84 %
85%
85'A
85'A
26%
"27%
24'/8
10 1/8
■V
•f 117
110
33 y*
:
6%
7
>111%
101 %
102%
5% H 6 j.: '•
16%
1574
37%
-
*106
.;
6 %
6
;
1574 Apr 25
22 74 Dec
Wayne Pump Co
23
6
3174 Dec
9
6% Jan
3
22% Jan 26
•'
,
•
6
v
20
26.500
46.900*7
15%
16
15%
1574
15% "15%
36%
35%
3674
3474
35%
5.500
71%
72%
71
71%
'3.700
29.000
v.,.
73
44%
44'A
26%
26%
29%
30 %
44%
26%
29%
/
72
30
72 %
73%
71%
72%
45%
,44%
4574
4474
47%
26%-
*26 %
27%
28'/a
2b%
30%
30
30%
'
467a
46%
4674
7,7 27%
27%
•30%
30%
28 %:
t
;
■111
111%
Xlll%
107
32%
33
90
88%
90
35 %
110
110
*106%
35%
*2974
30'A
35
35
'• 2974
/
■
*63
69
106
111
113
240
t $4.50
107
107
170
$4.25
":33>y:
.88%
8974
7'*63
•
105
r69™■:
-104%
69
104 %
33%
22
22 7
26%
26%
26%
27%
8%
8%
8%
9%
>81%
84%
"*81%
84%
*81 Va
;:>29,y;
8%
31%
*29%
31%
*2974
22
*21%
>
104%
32%
33%
33%
90'A
*89%
90%
*'-63
69
77v 104 74
105 >
'7
34%
88 %
.21% '22
11%
11%
•
99 %
13%
14
13%
?:
240
22%
|
22',4
22%
|
27%
28
16.200
38%
"-■
.
8%
8%
8%
*81%
8474
*81%
8474
*81%
8474
31%
*2974
■31%
*2974
31'A
87'a
27%
,
8%
11
11%
8%
8%
17%
58.200
11%
98%
11%
99
37.300
A
600
99
13% 714'
24
23%
;%-■■"
11%
-7
14
14
24%
417a
42
41 Vo
41%
39%
39'A
39%
39
14%
39%
*78%
'80 H
79%
80
80%
80%
79 %
*80%
.84
80'%
80%
80
80
25%
41
%
11.000
39%
39%
5.800
*80%
*71
*79
81%
72
71
72
80
14%
780 7/
79
80
*79
81%
*807%
72
*
V
72
'
1374
4.300
80%
"
—
800
28
80
170
71
600
Wrielpv
'Wml
.Tr
34
34
1474
13%
13%
13%
13%
1974
20
20
20
20 5
42%
4174
42%
4274
43
106%
'105%
106 %
106%
21 %
2174
21%
2 1 74
39%
40%
6.300
Zenith Radio
6%
8.100
34
14
13%
1474
1374
19%
19%
19%
19%
.'1974
40%
41
41
42
Jan
19
Jan
3174
Dec
674 July
1674 July
5
274
Jan
6%
Apr
3
5%
Jan
11%
Apr
31% Dec
29
66 74 Dec
»
Sep
29
53% July 10
37%
Oct
49%
Oct
3174 July 10
3174 Dec 12
•
'
22
Nov
24%
Dec
15%
Jan
Dec
29
7 81
Jan
30
120
Jan
136
13
31
Jan
59%
9774
2074
66 74
126
7
32
:
106%
12
112%
Jan
Jun
107% Nov 30
60
Apr
Jan
99
Oct
32% Dec
20
18
Jan
92% Dec
13
58%
Jan
24% July
71% July
15
Jan
20
13%
Jan
22% Aug
2%
Jan
52
77 /July 17
104% Aug 25
Jan 26
18
Dec
Jun
40
July
2974 May
22% Nov
July 21
.
ill!
Feb 19
3
Feb
7
Jan 28
Feb
7
Feb
7
Jan
85
-
22
July 18
29% July 7
9% July
5
Mar
-
Jun
7%
Jan
86
Jan
40
.27
Oct
Apr
87 % Oct
13
27
31% Dec
27
X20%
9% Apr
5
2%
Jan
6% July
20 Va July
5
2 Vb
Jan
9 Vb
Jan
"9V8
24
Jan
<
4% Jan 14
6
Feb
3
8
Jan
3
11% July 10
80 74 Jan
4
99'A Nov
103A Jan
5
14% July 14
,
•
125
Sep 25
Apr 27
Jan
3
Jan
4
Jan
5
Jan
5
69% Jun 8
-123
19%
v 36%
- 20%
«• 473A
49
.-
Sep
Oct
Jun
Sep
Jan
86%
Oct
9
Jan
11%
Apr
115
30
Jan
121
Dec
July 6
44% Oct 11
17%
Jan
24% July
30%
Jan
42 Vs
41% Nov
13
16%
Jan
25%
Oct
82% NOV
8
44%
Jan
54
Jun
4
46
Jan
57%
Jun
5
78%
58 Va
Dec
24
84
Nov
1
91% Dec
74% Nov
1
Dec 22
13
.
4%
57%
21
Apr 26
58
va*
Zonite Products Corp
34
1374
.4.400
103
367% Dec
-
—5
Wyandotte Worsted Co
3474
34
14%
Xl4%
14%
Oct
4
6
•15174 Dec
-
No par
No
16%
110
Dec
37% Dec
x64% Jan 24
10 /
tDel)
Oct
Jun
i
•
pfd—100
Wright Aeronautical-;
71'
Oct
87%
119
July 10 '>11% Jan
110
t
29
Dec
5
—10
-
6%
79
14%
14%
Jan
4
-
——10 ^
(Del)—No par
Prior pfd 4%% series
—100
Prior, pfd 474% Copy series—100
14%
13%
Jan
109
8
-
Worthington P & M
39%
39%
r-6>7; 674
13%
14
57
18
293A Dec
-
(F W) Coi
Woolworth
600
7
29
Nov
2474 May
100
July
-No par
Co
Woodward Iron Co—
2474
41%
.
80
81
*80
71
"
-2.900
Dec
118% Sep
>~
iK
5
$6 preferred
Wilson-Jones
"
82
83
65
18
103
1
1
Dec
*IVa Jan
3
293A Dec 29
Motors--.—r
Wilson & Co Inc
No par
-
Wisconsin El Pow Co
"
*81
99
Willys-Overland
*128
25"
2374
42%
25
99
1374
r.7-77;';;
*128
11%
*97%
42
>70
Jan
113
25%; Jaft 13
—No par v.10574 Jah 12
—*.-No par
10174 May 26
.".
Oil- Co
Wilcox
6.000
17%
38%
71
67%
*
20
'
•874
1774
.8%.
*128
"
83
Aug
x91 ;»»' Feb
12774 Mar
i—No Par
preferred
Prior
11%
^
*98%
;■
"I
17V2
39%
83
Dec
85
-
Corp__—4.—1
.$4 conv preferred-!.par
18
17'A
99
28 %
42
*70
2074
Jan
White Sewing Mach
*2974
*78
*13%
22"
874
*80
,
'r
22
8%.
87/a
1374
23%
41%
■
Jan
50%
White Motor Co
'5,700
540
600
••
22
-38%
41%
38%
8%
4
20
15.600
2774
18
*128
*22 7 a
22%
41%
30
>
Wheeling & Lake Erie Ry
100
5 % % conv preferred
100
Wheeling Steel Corp_b._—.iNo par
$5 Conv prior pref__t__—No par
White Dental Mfg (The S S)__».w._20
90%
84%
*98%
*128
>
34%
30%
11
99%
14
preferred
preferred
90
3374
•'#
8%
87a
11%
99
>
Dec
-
•
26%
9%.
17%
18
17%
*128
i-
27%
8% :
:
17%
10%
99
27%
<
8%
8%
8%
17%
t
*2174
'
'
A
28
102% Dec
-
111
•
*89
9
3
Jan
41
Feb 10
22% Jan 20
107
111
*106%
79%
21 A Apr 24
'
;
107
8% July
26 74 July
•
Westvaco Chlorine Prod
600
r
274
5
Sep
Dec
July
Jan
__50
Westlnghouse El & Mig
1st pftrtic -preferred—*—.->—50
Weston Elec Instrument___^_-12.50
"1.400
•2974
26
Jan
.
10
Jan
Jan
'
*105
107
32%
*is3
;
69
*63
35% '
30%
150
150
17%
Apr
17%
-
1.200 *
20%
69
-
Western Union Teleg class A-No par
Class B
ii—__tNo par
7.300
150
*149.
151
34%
30%
111%
*108%
*104%
106
32
35
29%
123% 124%:
;
123%
*149
107% 107%
69
*63
123
151
34%
•
,29%
"111 %
106',4 106 V*
*104%
*148
34
28% .29%
111
,
151
34
34%
29%
34 %
*29
124%
122%
123
•121%
♦148
120% 121;
,
151%
*148
31
30%
23 74
Jan
19
Westinghouse Air Brake—s—No par
19.500
>•:'123 V 123%
47%
7*28
Jan
20
1674 Jaft 4
103
Feb
1
2674 Apr 25
- -3% Jan
7
Auto
Western Pacific RR Co com__No pur
Preferred series A_,
^_t___100
•
30
15%
12%
8574 Dec
8574 Apr
11374 Apr
•-
Supply Co-*—iO
Western Maryland Ry_—100
r-A.% non-cum 2nd preferred—100
Western
'3.600
32%
25% Jun
96% Feb 16
West Va Pulp & Pap Co
_NO par
6% preferred
———___100
2.800
|
i,
15% July
Dec
Aug 23
10% July
July
Jan
6
83
•
pfd—100
6%
50
'
72 Va
71%
i_
preferred
preferred
7%
22
2
Jan
77
par
West Penn Power 4%%
330
>
-
1
COrp
Jan
25
t
56
Jan
18% Feb
par
pa'r
No par
—_lO0
—)O0
7 % ■
230
33%
574
90
35%
f'i
No
..__.No
$4 conv preferred
West Penn Electric class A--No
107%
33%
6%
Webster .Eisenlohr—.
"
3774
1
_
Wesson Oil & Snowdrift
300
2474
24%
*
_
May
2% Mar
Jan
26
Oct
13
Jan
%
23
113%
V? *106
33%"'
Waukesha Motor Co—i.
200
West Indies Sugar
103
4%
2% Aug 21
July 10
»■
117
25%
107%
:
,7 23%
33%
11% Mar 31
Jan 27
9
15
18.300
-103
v".
9% Jun
1% Feb
5
27
*116%
103%
117
24%
2474
6
16%
36 %
103%
18% May
Jan
36 % Dec
3.100
102%
113%
113
54%
Jan
4%
8
Fdy & Pipe
i
-
Jan "
15%
No par
No par
.w«.*60
^
85%
*102
38%
9
22% Feb 14
22% Apr 25
Warren
12.600
25%
26%
r
'
102
_■
*116%
106
33%
6%
6 Ve
15%
103
106
27%
113
>24 ■%
.33% '34
.26%
22
27
1.600
•'
*
*82
Nov
Nov
10% Jun
1,000
10%
10%
25%
88
68
X20
3
No par.
Washington Gas-Lt Co—par
•■■
31 %
4
Feb
7% Jan
par
May 18
1.700
22%
31'A
25%
102
117%
>•
•10%
112
116%
31% <■
B_
preferred-*.
Warner Bros Pictures
$7
t per share
1774 Jan 12
48
par
No par
Baking Co cl A
Class
24.300
26
■
Ward
1.300
34%
*25
-22%
No
no
Highest
t per snare
62
14
K'" *34
& W
G
(Hiram >
Div redeem prelerred
Walwortn Co
Lowest
< per share
I per share
par
Year 1943
Highest
45
Jan 27
11% Apr 24
59
; ■
13%
.
22%
10 %
102'A
.102%
108
108
'33%
36%
/
15%
36%
•
24 %
23%
:
110%
33%
574
15%
35%
113
:•
26.
25%
:v<
'/ '■> 59
34%
*84
27'A
*101%
25
24%
*107
.:
33%
27
102
*116% 117%
:
"
10%
85%
112%
101 >-•:
117%
,34%
25%
851/2
.
V
■
26
251/8
10 'A
25%
101%
111%
"101
24%
*108
>v
.27%
101
111%
,•
102%
14%:
33%
26%
117
*116%
59%
13%
14
I
■
2,900
65
65
59%
f-22%
-100%
{
59
13%
"
<■
; :
22%";
10%
24%
85 %
59
14
24%
10%
24%.
*84%
'
34
r
Walker
500
9%
Range for Previous
Range for Year 1944
Lowest
/';>7;74,
-1
•19%
:;.v :•!■..■■
STOCK
NEW YORK
EXCHANGE
Sharee
share
per
for
the Week
9%
25%
*30%
S
share
per
221/4
•
,25%
22%
*30%
34%
;
*25
22'A
;
66
13%
i*
s
Jan. 12
19%
;
*59
■•,'
'V/
10
*1%
:•
60
.
Jan. 11
v s per share
19%
*9%
1%
1%
59%
34
•
9%
9%
59
66
:
Sales
Friday
Thursday
Jan.10
'
STOCKS
.--v
PRICES
Wednesday
t per share
per share
65%
iW.
SALE
Tuesday
Jan. 8
Saturday
;•
HIGH
AND
RECORD
NEW YORK STOCK
U
LOW
223
8c FINANCIAL CHRONICLE
14
Dec
30
108
July
Apr
70 Va
Jan
Sep
■
—
vi 's ■■■
'
,3474
'34
34 74
*34"
34
34
Yale & Towne Mfg.
1.200
41%
10674
106%
106%
20%
20%
"2174
39 74
39 74
39%
106
106%
20%
6
6 74
6
•Bid
and
2174
3974
67 a
•
7
asked prices; no
6
sales on this day.
tin receivership,
a
13%
13%
19%
20
4274
42%
106%
21%
106%
,
106%
21%
Young Soring & Wire
—No par
Youngstown Sheet & Tube__No par
■2.400
27.100
I
21%
n
Deferred delivery.
York Corp
B.900
5%%
200
t
preferred series A— _100
No par
96
13
Youngstown Steel Door
8,300
New Stock.
27%
974
14%
33%
23
1
Co
'
Cash sale,
42% July.5
106% Nov 21
207a Dec 29
30
Jan
82
Jan
9% Jan
33% Jan
y~
19
6% July
x-Ex-dividends.
—
—
19%
44% July 12
3
3% Jan
wd When distributed.
31% Sep
7% Jan
3
Apr 24
Jan
6
Jan
3
—1
Special sales,
s
3674 July 17
15% July 20
20% July 14
6
Mar
.No par
Corp
" 21% Jan
Apr 25
Jan
July
July
Nov
Jun
3774 July
4% May
Jan
2
5
—
—
17%
4174
98
16%
Jan
Ex-rights.
y
aaasBBBBBrasoBB
Transactions at the Hew York Curb
Transactions at the Hew York Stock
Baity, Weekly and Yearly
Baity, Weekly and Yearly
—~
Saturday
Railroad
Number of
Week Ended Jan. 12, 1945
and Miscel.
742,990
1,994,622
2,261,940
—-——
2,109,695
— *■
2,212,920
(.
—1,745,310
——-
Tuesday
Total;
Foreign
Government
Bonds
Sales
$8,646,000
$13,000
Total.
'
57,000
21,913,000
Monday-
28,000
20,972,500
20,875,400
Tuesday
Wednesday
Thursday
297,000
14,000
21,186,400
275,000
70,000
23,308,400
455,000
24,000
18,109,300
$1,726,000
C"
Corporate
Total
Domestic
565,650
551,630
.■ 581,335
*' 510,725
$429,000
677,000
805,000
985,000
1,000,000
703,000
25,000
77,000
101,000
4,000
5,000
$431,000
678,000
805,000
1,010,'000
1,081,000
809,000
3,034,500
$4,599,000
$205,000
$10,000
$4,814,000
12,1945
595,430
1
;
•
"
;
•
•,
-
——
Friday
$206,000 $114,313,600
Bonds (Par Value)
Foreign
: \ Foreign
Government
Shares)
229,730
175,000
359,000
22,963,400
,
Saturday
21,681,000
20,585,500
17,630,300
'
,
Week Ended Jan.
$8,824,000
11,067,477 $112,381,600
Wednesday
Thursday
Friday
-
■
.
$165,000
Stocks
(Number
of
'
;
A
Bond
Bonds
Bonds
Shares
/
—
Monday..,
,-•••'
United States
Stocks,
Exchange
>
Total
-
•
f
$2,000
"i:.; $1,000.
■
—
—
Jan. 1 to Jan. 12
Week Ended Jan. 12
'
-
*
-
'
-
i.,r
1
.
'
Jan. 1 to Jan. 12
Week Ended Jan. 12
1945
1945
1944
r
\
1944
;;
'
1945
1
Stocks—No. of shares—
/■ '.■
18,197,477
8,465,680
$100,850
$310,000
$703,850
1,726,000
2,166,000
2,640,000
4,331,000
112,381,600
90,297,200
182,224,000
151,977,500
11,067,477
•
'AA'A-A"' '
Bonds
U. S. Government-
Foreign—
4,382,470
$206,000
Stocks—No. Of shares-..—
;
—
—
" "
Railroad & industrial
!
-
' ; $114,313,600
$92,564,050
$185,174,000
r.*«
/
■
$4,599,000
205,000
10,000
■
I
—
"V.'\
.
—*
Total
$157,012,350
2,178,095
:
»■■■•>
■
$3,880,000
.
137,000
/
6,000
/
$7,767,000
$8,020,000
283,000
283,000
16,000
42,000
$8,066,000
$8,345,000
.
■■
■«*. ■
$4,8i4,ooo
;
■
1
11"
» ■"
"*'■"
■
$4,023,000
I
the daily
closing averages of representative stocks and bonds
the New York Stock Exchange as compiled by Dow, Jones & Co.
- -
Below
on
V
1944
5,013,200
Bonds
Stock And Bend Averages
■
listed
>
Domestic-^——Foreign government
Foreign corporate;
Total
.
1945
1,207,530
3,034,500
—-
:
1944
,
are
Bonds-
-Stocks—:
■
10
30
20
15
Total
10
First
10
/
;
'■
1
"" :
■
•'
Second
10
!
•'
Indus¬
9
ties
Stocks
Indus¬
Grade
Grade
Utili¬
40
trials
Ralls
26.25
57.24
107.11
113.14
93.19
108.91
i
.
50.89
26.54
57.95
107.16
113;16
93.66
108.87
105.71
155.01
50.68
26.48
57.91
107.15
* 113.39
93.72
108.94
105.80
'
'•
I
'
::
■'•
.
105.59
154.85
8
January
65
49.76
trials
6
January
Utili¬
153.58
Date—
January
Rail¬
'
Total
roads
Rails
ties
Bonds
V ;•"'
—
■
,
-:■•'■..
•■-
'
j J
■
January
10
155.67
51.03
26.47
58.17
106.98
-113.46
93.83
108.63
105.73
January
11—
155.85
50.71
26.58
58.14
107.06
113.60
93.87."
108.63
105.80
26.58
57.89
107.08
113.68
93.68
108.58
105.75
January
12—
155.42
50.24
'...
:
>.:.:■ ->•./.-••
l.i
THE COMMERCIAL & FINANCIAL CHRONICLE
224
Monday, Jarfuary 15, 1945
JB
Bond Record
New York Stock Exchange
«»
FRIDAY
NOTICE
Prices
and when outside
the week
the
The italic letters in
WEEKLY
-
YEARLY
-
defaulted bonds. Cash and deferred delivery sales are disregarded In the week's range, unless they are the only transactions of
of the regular weekly range are shown In a footnote In the .week in which they occur. No account is taken of such sales In computing the range for the yea*.
column headed "Interest Period" Indicate In each case the month when the
mature'
"and
are
Interest"—except for Income and
■
RANGE FOR WEEK ENDING
S.
A-O
*109.19
-1946-1958
1946-1949
103.25
Treasury
3 Vis
Treasury
3 Vis
.
*103.18
*110.4
*103.13
103.15
Treasury
1946-1948
J-D
1951-1953
;
M-S
1955-1960
1945-1947
1948-1951
Treasury 2%s
1951-1954
Treasury 2Vis
————1956-1959
Treasury 2%s__-—
1958-1983
Treasury 23As
._1960-1965
Treasury 2VssS
1948
Treasury 2V2s
-----1948
Treasury 2% 8
1949~1953
Treasury 2'As
1950-1952
Treasury 2Vis
1952-1954
Treasury 2'As—
1956-1958
Treasury 2Vis
——1962-1967
Treasury; 2'As
1963-1968,
Treasury 2'As—
.
June 1964-1969
Treasury: 2'As
Dec. 1964-1969
Treasury 2'As
—1965-1970
Treasury 2'As
1966-1971
Treasury 2Vis—
1967-1972
Treasury 2 Vis
1951-1953
Treasury 2Vis
1952-1953
2%s—
2%s
Treasury 2%s—
1954-1950
2 Vis
2 Vis
Treasury
Treasury 2s
Mar
Dec
Jun
Sep
Dec
March
—Sept
Treasury 2s
2s
Treasury
————
2s
Treasury
Treasury * 2s
2s
Treasury 2s
Treasury 2s
Treasury 2s
Treasury
—
1951-1955
June 15 1952-1954
Dec 15 1952-1954
1953-1955
June 15 1948
2s
Treasury
Treasury 2s
2s
Treasury
2s
Treasury
Treasury l3As
Home Owners' Loan
1945-1947
York
New
101.20
v"
"
-r
106.12
106.3
108.19
113.11
3-D
*101.28
101.30
US
*106.11
107.4
M-S
*107.28
107.30
M-S
*104.3
111.7
104.5
10
102.28
•
„
*
104.4,
*101.3
'
J-D
'
J-D
J-D
iVH00.25
103.17
100.25
100.22
100.17
100.16
100
100.12
100
100
100.30
J-J
*102.10
,
__
M-S
102.12
102.8
102.8
108.7
106.18
107.21
:: ioi.i
__
ion
\k-x
-
3-D
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101.31
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104.20
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—
V-JT
•
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__
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M-S
__
M-S
J-D
100.29
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100.29
100.5
100.16
100.19
100.20
17
100.9
111
100.8
100.11
J-D
106.8
105.12
*101.11
101.13
101.5
113% 114'A
108 3A
80 Vi
80%
81
F-A
80%
80%
81%
22
80%
81%
30
"•73%
83
84
8
73%
\5
*91
4
A-0
81%
83%
1960
A-O
109'/2
109% 109%
1961
J-J
106%
106% 107
103
3Vis
3s
3s
6
1037/B
103 Vi
15
1953
103'%
104%
Jan
15
1958
101%
105%
(City)
(Rep)
8s
External s f 7s
J-J
J-J
1942
A-0
Feb
A 6s assented
AExtl sinking fund 6s_.
/
1961
f
Feb
s I es
1961
•■£
1961
-
—Jan
'
18%
A 7s
1957
6s
Cons Munlc 7s
M-N
1960
assented
Of
1928
of
1927
17%
;io
.Oct
Jan
Govt.
&
•
i.-- ;-:-
17%
17%
17%
1947
F-i
1948
A-O
Akershus
(King of Norway)
AAntioquia
1968
1943
4s
coll 7s A
(Dept)
!r'-'
A-0
1961
69
M-N
F-A
72%
1953
M-N
Costa
1951
M-N
1949
M-3
MS
J -J
*73'/8
80
35%
36
;|i35%
AExternal
s
f
7s series B
1945
J-J
s
f 7s series C
1945
J -J
35%
7
*35'/a
A External
..
AExternal
s
f 7s series D
1943
J -J
AExternal
s
f 7s
1957
A-0
AExternal
sec
1st
series
f 7s 2d series—1957
s
>'
•
loan
4'/2s
external
debt
1949
30
30
30
30
87
90 ., rv7
A-O
30
J-D
90
b
S f external 4'As
f
conv
M-N
1972
8 t extl conv loan 4s Apr
1972
Australia (Commonw'lth) 5s of *25-1953
External
5s
of
F-A
External
s
s
90
91'/a
91%
A-0
91
J-J
90%
M-S
lABrazil (U 8 of) external 8s
6 "
7s
C
89
99%
82 ya
93
40
82%
93
42
92
, 101 V
31
92
101 V
6
100
™.
95 Vi
US
J-J
'
r
88
95%
*100'/8
J-D
*105 '/a
—1941
s
1978
f 6'As of 1926
1951
100%
J-D
100Vi 100%".
<Int reduced to 3.375% )
s
1979
f 6Vis of 1927
—1957
Stamped pursuant to Plan A ^
w
(Int reduced to 3.375% )
1979
A7s
(Central Ry)
Stamped pursuant to Plan A
1952
(Int reduced to 3.5%)
5% funding'bonds of 1931
1978
71%
89%
67 3A
•
Vv
79%
(Republic of)
92
!&
A-0
M-S
*100'/8 100%
A-O
;V.
*100%
A-O
*100'/a 100%
...1987
1949
1949
;
86
'
1961
7s
■
J-J
'r.':
46%
102%
100%
part paid
part paid
Haiti (Republic)
A-O
57%
60'A
'
—
--
61
54 »A
; •
A-0
57V4
s
f 6s series A
v'
2—
3 Vis
Series
No.
■
57%
1952
Mexican
A4'/2s
(Colombia)
106%
100
J-D
i
--
47 ya
63%
52
56%
47%
63%
54
57% '
*
'
19,
58
59%
—
J-D
A-0
Irrigation—
,
stamped assented
1043
12%
33%
'''
~2
-
,
65
51%
40%
56%
56
59%
—
-■
100 y.
12%
12%
33%
33%
16%
34.
94%
88 :
98%
*11
11%
AAssented
AMexico
A
(US)
to Nov. 5, 1942, agree
extl 5s of 1899 £—1945
Series
No.
Series
No.
5
3Vis
Series
No.
6
3Vis
Series
No.
7
3Vis
Series
58
Assenting 5s of 1899
AAssented
r
to
Nov.
1942,
5,
A Assenting 4s of 1904
AAssented to Nov. 5,
to
Nov.
*24
3-D
1954
1942,
No.
8
3Vis
Series
No.
9
Series
No.
3Vis
Series
No.
11
3 Vis
Series
No.
12
3Vis
Sereis
No.
Series
No.
Series
No.
agree
9%
J-J
1933
11%
9%
10%
AAssented
to
Nov.
5,
1942,
10%
11
■:
14%
•
15
*21%
3Vis
Series
No.
Series
No.
Series
No.
Series
No.
footnotes
see
61%
50%
61%
3
52%
15
18%
18%
16%
19
-
19%
55
62
—
53
9
53
58%
50%
.
...
:.
r
.
.
r
•
,
:
;
SECURITIES
:
'
.
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FIRM TRADING MARKETS
517/a
52 Vi
2
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I
r.ARL marks & ro. INC.
-
59%
.
*50'A
9
52%
__
——
10
—
'
56%
52
57%
FOREIGN SECURITIES SPECIALISTS
58%
50%
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*50'A
55%
50%
7
52%
*50'A
60
53 /
52%
51%
52'A
58%
1
52
--
FOREIGN
.1'
57%
60
53
'
30
—
228.
53
52%
54%
52%
--
page
For Financial Institutions
58%
53
52
19
For
61%
51
'—
18
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—
'{
17
3 Vis
52'A
5
15
52%
'
16
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OH
—
50 Broad St., New York 4. N. Y.
56'A
53
Vi
57%
51%
59%
51%
60
Telephone HAnover 2-0050
16%
13
..
*17%
agree
19
'
13
*15%
*12%
17
10 Vi
27%
9%
J-J
1943
11
61%
52 '
52%
15
/.
51
52%
52%
11 Vi
J
14%
17
64%
I
,
*50'A
-
-
—
;
14
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—
13
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■
53
.
1
;;
52%
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*60
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10
52%
52%
11
'
53
:
9%
56
—
52 Vi
52'A
;Jii
ii^LLi'iSLL
I'il-tLtAL
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19
..
"*10%
agree
1942,
5,
t
*18%
,
agree
.
AAssentlng 4s of 1910
AAssented
Q-J
1943
11%
*19
-
jar
—
3Vis
i
52
52%
4
3 Vis
v
10%
—
*—
Q-J
-
■
A-0
.
19Vi
98%
..95y8
__
*92%
M-N
\
21 Vi
v
75%
*101%
J-D
;■:
13
*95%
J-D
1954
16%
15
23
18
14%
16%
M-N
1954
8
17%
A-0
7s—1'<57
6 Vis
(Prov) 4s readjusted—
5ATreasury 6s of 1913 assent
A-O
3
3 Vis
45
101%
100
—
"
18
—
J.S60
(State Mtge Bk)
AJugoslavia
AMedellln
Mendoza
58%
57%
57%
A-0
1964
—1988
.
Irish Free State extl s f 5s
106%
65%
L
A 6s
102
101
50
—
—
*
J-D
Stamped pursuant to Plan A
.3Vis Series No.
101
30
15
-
(Int reduced to 3.375%)
1979
External $ bonds of 1944 (PlanB)—
3 Vis Series No. 1
100%
84
__
*106%
_
100'/a
85
46
J-D
!
84%
92
%
'
*59%
—
-
98
100%
2
•
Stamped pursuant to Plan A
AExternal
;':■■
79
1969
A 7s
<
•
(Int. reduced to 3.5%)
89%
1
20
1969
unstamped
!
Stamped pursuant to Plan A
AExternal
1940
Customs Admin 5'/2s 2d series
5Vis 1st series
79%
,,
.82
"77':
69
4
80
*100'/a
French Republic 7s stamped
81
/
100Vi
100
—m
M-N
—.1955
80
A-O
'95
101%
112%
15'3%
59 Vi
.U'
59 ya
82
1940
AEstonia
98%
81'A
§Alst series 5'/2s of 1926
§A2d series sink fund 5Vis
32 *
r
•
.»>,
*100
16%
31
108'/a
75
82
M-8
5Vis 2d series
16%
A-0
J-J
106'A
104 Vi
139%
73%
f63
1942
36%
56%
104%
*154%^ "I"
A-0
32
56
91
100
100'A
1953
f 7s
1952
1942
79%
33%
108
100%
.
F-A
36%
24
95%
1949
f 6s_
External
A-O
20-year extl 6s
gold 5Vis
21
46
;
103%
1962
36%
•
1957
6'As
A.1951
ser
33%
106% 107'A
>
82
57%
*107
J-D
41%
59%
10
72%
1955
36%
2
95
—1958
1927
External g 4'As of 1928
(Rep of) 8s
16%
1
101% 102%-'-
—
{
Belgium external
S..1945
.
17
1
J-J
Greek Government—
M-N
8. f extl «5onv loan 4s Feb
30
J-D
'
"
1948
—.1971
loan 4Vis—
■
;
1
-
5Vis
17
■
30
f 7s 3rd series—1957
AExternal.sec
~3
35%
*35'/a
30
A-0
71
17
41%
v:
69%
36
31%
F-A
1977
1953
33%
•
72%
*69
External gold 4Vis
IA Dominican Rep Cust Ad 5 Vis
'
^
AAntwerp (City) external 5s
—1958
Argentine (National Government)—
S
wks
External
61%
fc* 17
•
30
;
rl'
:
42
*106'/a
60
50%
66 %
,y,i \
34
*106
1940
Rica (Rep of) 7s
(Republic of) 5s of 1914
External
53
•; V
51%
*40%
J-D
69%
39%
*40%
1947
51V*
14
*40%
1952
57 Vi
4
A-O
4Vis
17%
20
69
1947
1-1693 Mini
17Vi
28%
34
69
25-year gold 4%s
*60V/2
.
14%
16
6Vis
AColombla Mtge Bank
*60%
;;
18%
69
ASlnklng fund 8s series B
6s
18%
18%
15%
:
49%
Teletype:,;''^
18 Vi
17%
*21
69
IA Denmark
6s
;
16 Vi
J-D
.
15%
13
'
48%
(Colombia)—
sink fund
17%
.
1
17%
16%
18%
..
12
17%
17V4
69
A
<18%
•18%
v\' -16
20
17%
M-S
»
■•. ,<18%
■
16
.
:';k
17%
:
49
Cuba
AGtd sink fund
AGtd
;
17 Vi
*16%
17%
19
17
J-J
Municipal
Bank
Agricultural Mtge
19%
19%
,16%
17 :
17%
A-0
f $ bonds
s
A Czechoslovakia
Foreign
14
*16%
1961
APublic
^
19 Vi
& 16 Vi
113
1970
external
Sinking fund 5Vis
•
19
17%
(Republic of)—
AGs
3s
NY
16%
MS
i960
1931
5s
20
i:y
n
18%"
'
M-N
1902
19%
17%
17%
A-O
1982
assented
16 %
'■*16'A
A-O
.
1961
20
17 Vi
18%
18%
''
•
.
19%
16 Vi
a
61
18%
J-D
1961.
16%
-
1
,
,
18%
17Vi
J-D
20
17%
1
29
.
::
18%
J-D
.
^
|
:
J-D
4
1957
—...1961
.19%
16% ,19%
;
19%
18Vi
m-N
1961
(Hukuang Ry)
18%
18%
18%
M-N
1903
A68 assented
>i(tj
18%
18%
18 Vi
A-O
-
1963 I
:
19
18%
6
■•
66
18%
18%
A '•:»
VS
A-0
1962
-
19%
•
16%
-
•
18%
US
Sep 1901
assented
45
18
,
'
v<C?j
J-J
1962
'
*
.Sep 1961-
sinking fund 6s
A 6s assented
114
18%
F-A
F-A
J-J
1961
assented—
18
19%
18%
!
54
18% .''l
*
'<
■■
7
...
19%
18%
•
A
40
■.:'»* 17
A-O
Jan
6s
assented
104%
*20
M-N
i960
104%
104
104%
M-N
i960
sinking fund 6s
104
J-J
'
1942
sinking fund
a 6s
'
'
1954
assented
AChlnese
New York
103Vi
Jan
—
Member* New
Broadway,
101 Vi
101 Vi
Wertheim <Sl Co.
120
106%
5
103
ASlnklng fund 7s of 1926
ASlnklng fund 7s of 1927
Copenhagen (City) 5s
>
104%
101 Vi
ASlnklng fund 6%s
Foreign Securities
REctor 2-2300
67'/2
110 Vs
*102% 102%
A6s
■
Exchange
88%
108%
*102% 102%
A 6s
York Stock
>•'
19
J-J
Colombia
.
86%
50
*62%
J-J
A Chilean
Telephone
90 , 95
86%
72
72% ,87%
•,
M-N
A6s
-or
M-8
J-J
AGuaranteed sink fund 6s
■£■'
M-S
102
95 %
M-N
AChlle Mortgage Bank 6%s
A6'/2s assented
100.28 100.28
68
99 Vi
92
97
96%
*101% 102
J-D
1970 *
.AExternal sinking fund 6s
101.16
114'A
V. 99 Vi
92
1976
;
iAGuaranteed sink fund
'
i;
1977
A6Vis assented
1980
97
99
1987
,
Corporate Stock
F-A
>
98%
99
—
Transit Unification Issue—
3%
*50%
M-S
59%
1968
V
105.12
„
58%
'
1984
AExternal
100.19
100.16
*100.12 100.14
55
51 %
53
1973
AExtl
100.28
100.30
*106.6
J-D
51%
f $ bonds
s
.ARy external
.
100.13
—
58%
51%
(Dom of) 30-yr 4s
A68
100.21 101.10
*100.28
__
'
51
11
v2
1961
f 4'A-4%s
s
AExternal
101.20
101.6
101.17
100.18
J-D
J-D
2
Vi
52%
52 %
1950
f 4%-4%s
s
external
AGs
101.24
100.16
51
1948
,
V
59%
(Province of)—
47s assented
101.19
*101.15
J-D
52
52%
1957
stamped
AChile
101.26
101.8
*101.22
„
2
15
101.31
__
J-D
58 Vi
52 Vi
,51%
'x
1958
51
51%
■
i
-
"2
Jan
104.8
101.28
30—
Carlsbad
101.31
104.8
—-—
102
*101.29
*101.26
__
J-D
101.31
'
No.
-
-
101.26
*101.30
—
M-S
—•
Series
55%
51%
52%
—i
—
3s
A
100.20
100.2
2
103.28
29
52
38
107.3
*108.4
'
J-D
60
54
2%s
100.23
1
107.13
50%
.
51%
28
No.
25-year
30-year
30-year
100.14
100.9
2
100.30
100.4
106.9
100.21 100.26
100.26
No.
Canada
100.14
*107.11
J
M-S
No.
Series
External
100.11
2
39
52%
Series
3%
54 Vi
53
*50%
Refunding s f 4%-4'AS—
External readj 4%-4%s
103.22
100
11
,
:rX';2
27
55%
51%
—
Series
External
2
■
26
A 6s
107.7
i
100.20
No.
Buenos Aires
104
100.11
100.20
J-D
107.7
■
,
100.22
100.19
M-8
"M-S
103.9
101.5
100.22
100.20
a-ri—
Series
52
4
52%
—
(City) s f 5s
Sinking fund gold 5s
Sinking fund gold 6s
ioe.3i
103.29
*104.2
O-A—
J-D
25
2
52%
52 Vi
Brisbane
'
^
No.
52
52%
3V4s
106.24
106.14
'
4
Series
54 Vi
52
3 Vis
112.17
106.16
V
107.4
"
Yi M-8
'•'
.
24
3 Vis
111.13
111.7
106.13
3-D
1
112.25
113.11
113.11
3-D
No.
High
50%
—
23
Series
Year 1944
Low
No.
*50 Vi
3%s
111.15
*112.23
J-D
No.
Range for
Sold
Miffk-
JLo V
22
Series
Bonds
Friday's
or
Bid & Asked
21
No.
3Vis
109.12
111.9
y
No.
Series
.
106.24
109.26
112.10
__
Series
3Vis
103.11
■
Last
Sale Price
20
112.24
112.10
*106.10
__
J-D
US
K.
111.16
No.
3Vis
111.11
*109.24
M-S
?■;
110.9
Series
3Vis
Corp—
M
series
lVis
1956-1959
1947
1948-1950
1948-1950
1949-1951.
1949-1951
1949-1951
1950-1952
1950-1952
1951-1953
*101.18
(Continued)
3Vis
104.20
20
bonds
$
3Vis
105.18
102.3
113.9
Week's Range
Interest
•
3Vis
104
8
112.31
v
106.9
110.19
■Urn-
.
—
Treasury
113.9
Friday
Exchange
(Continued)
External
111.23
109.28
111.4
Brazil
High
103.21
——
r;/:rvv"i
Period
105.9
8
111.4
M-S
—
—
...
M-3
Treasury
Treasury
-
New York Stock
109.24
110.7
1949"i?52
3 VaS
Treasury 3s
Treasury 3s—
Low
103.20
J-D
BONDS
No.
103.25
J-D
.0
Year 1944
109.21
M-a
'
12
'
•,
Range for
Sold
High
1947-1083
;
Bonds
Friday's
Lorn
Government
4 Vis
Treasury
or
Bid & Asked
Sale Price
Period
U.
'
Last
Interest
/• "•!'
Week's Range
Friday
BONDS
New York Stock Exchange
JAN.
Teletype N. Y. 1-971
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4351
Volume 161
225
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING JAN.
BONDS,
New York
Stock
Friday
Last
Week's Range
or Friday's
Sale Price
Bid & Asked
Interest
Exchange
Period
.
Mines Geraes
Low
v::
-.
Bonds
Range for
Sold
Year 1944
No.
High
Low
High
32
42%
(State)—
ASec external
i 6'/is
s
1958
US
*38Vi
40
.
Stamped pursuant to Plan A
V
(Int reduced to 2425% )
A Sec "external si 6%a„
i
12
Railroad
'
M-S
~6
39'/s
39
;
32
42%
Stamped pursuant to Plan A
(Int reduced to 2425% )_____
^Montevideo
a 6s
(City)
series A
External"
External
7s_,
.
f
s
PFLUGFELDER, BAMPT0N & RUST
105
■J, 89
100
1957
F-A
A-O
4 Vis,1956
4ViSi.J-.-_i—1965
*
Norway; (Kingdom1 of)
fund
97%
97
*
5
93%
6
93
Members New
61
100
98
97%
97'/a
100
98'/a
F-A
98 Vi
.Municipal Bank extl
f 5s-_—1970
s
99%
88
*85%
M- N
—1963
W-M
*92
97
87
94%
Atlanta
—1994
J-D
*96
96%
88%
97
—1967
M-d
1st mortgage 3%s
Atlantic Coast 1st cons
—1947
Af-S
Ext sec* ref 3 Vis series B
7s,
New York Stock Exchange
reduced
to
*105
104 V*
105%
31%
v_
•
38%
42%
2
38%
«
iRep oi) external 7s
.—1959
ANat loan extl s f 6s 1st ser—1960
M-S
20
19%
20
3-D
18 '/a
18%
18%
A Nu t
A-0
18%
18'/a
18%
2.125%
APeru
"
'
t 6s 2d ser——1961
JAPoiand (Rep of) gold 6s
a4*/Bs assented-.——
A
37%
7ft
12
16%
25
Atlantic & Danville Ry 1st 4s
Second mortgage 4s
121
16%
24'A
Atlantic Refining deb 3s
17
;
25
11%
25
32
A-0
12%
26
1st
1950
J-J
J-J
Stamped modified bonds—
1st mtge gold (int at 4%
1961
J-D
40
"l
< City
oi»
16
16
25%
25%
25%
1
14
31
15%
14%
15%
3
12
26%
36
45
37
37
34
44%
*41%
Ohio
&
2001
41
V,
44%
*41
8s
Af-N
*50 Vi
F-A
,1948
i:
102
A-0
Stamped pursuant to Plan A
(Int reduced to 2.375% )
2001
A External
sec
6 Vis
J——1953
Stamped
^
•
to Plan
pursuant
Y
1
due
1946)
i
reduced to
(Int
a7s
"l
102
102
42 y4
100%
reduced
(Int
to
38
37%
13
38
F-A
*__
A-0
40%
41%
35%
45%
1
(Int reduced
_
t
„July 1948
48%
29
J-D
2012
34
M'N
192H_„——1966
40
40
34%
40%
ASao Paulo
:
*39%
36
to 2.25%)——2004
*90%
—1957
*41%
43
■'j'-h
76%
73%
77%
F-A
64%
60%
66
M-N
96%
96%
977/a
due...
Feb 11960
■
45%
J-J
46
J-J
——1950
46
93%
204
57
95
144
56%
94
J-J
89%
89%
90
21
74
90
90
36
-73%
89
88
90
J-J
,.1950
*102
Steel Corporation—
extl
loan
water
Stamped pursuant to Plan A
(Int reduced to 2.25% )——2004
dollar
ext)
Afis
loan
{;-
40%
66 %
A-0
—j
30
i105
.1955
M-N
*105%
A-0
J-J
99%
98% 100 Va
M-N
76%
76%
F-A
75
68%
M-N
series II
5s
F-A
'
Af-N
extl———ii962
extl 7s——1958
,1958
Sydney (City) s f 5 Vis———1955
AUruguay (Republic) extl 8s——1946
*ioi
External
External
>.
Y 11
Hi:
Y'' 11
91
F-A
*91
M-n
*89.
Af-N
3%
••
California
^
; ■
^
••
■
,.
44
76
75%
91
95
-
4-4Vi-4Vis extl readjustment—1978
3Vis extl readjustment———1984
J-J
Y "': '
.
81
70
79
F-A
70
48
;
*10
F-A
-
112%
108%
110% 110'A
1
M-N
1957
deposit
■t'..:
82
81%
85%
358
44%
A-O
38%
34%
38%
332
21%
34%
18
102%
6
32%
,
1952
1955
J-J
1960
...
Elec
Power
3%s
J-D
Coll trust 4s of 1907—,,,.—1947
J-D
10-year deb 4%s stamped__—wJil946
Alabama Great Southern 3'As
1967
F-A
Alabama Power 1st mtge 3Vis——1972
J-J
fcerfor Wrap Pap 6s_—J.948
6s wi^lv warrants assented;™1948
Albany; &?. Susquehanna RR 3 Vis,—1946
A-0
registered
3 ViS
'
—1948
—
Allegh^dy Corp 3 Vis
-Called; bonds
sec
conv,—,,1954
96%
96%
22%
20%
A-0
A-0
*100%
A-0
_
A-0
Allied Stores Corp 4%s debs
—1951
F-A
Pow deb 5s_——2030
Af-S
•105
104
95 %'
95%
trust
4Vis
1965
Af-N
103%
^
102%
American Telephone & Telegraph Co.—
3V'4S debentures——;
1961
A-0
108%
108% 108%-
3s
conv
102%
,
106
97
1st mtge
105%
110
(4%%
108
34
107%
110%
364
115%
125
101% 101%
90
100%
105
100% 100%
161
1975
income .debentuwj——1978
7s
:
103
123% 124%.
—,——1969
3'As series E——,1964
1007/a
A-0
M-N
riTi
71%
95
Q-J
Af-3
72
95
95l%
23
10
109
"1
110
100%
20
103%
106
1
101 »A
105'A
115%
73%
76%
J-D
78%
78%
1945
F-A
89%
91
53
65
56 A;
65
A-0
19%
16%
19'A
Adjustment' gold
4s———i_-1995.
17%
15%
17%
67
70
7
30
35
35
Ref &
,
J-D
j.-V J-J
1966
-
,1961
35
A-0
.
143
,
A-0
102%
—
112%
104
23
104% 105
131%
AO
-
129 Vi 131%
*125%
Nov
M-N
120%
112%
116
21
103%
105%
83%»Y'97
47%;:
30
40%
44
1.767
28
-..,38%
40%
J-J
41.%..
464
26
,35%
:40
46
vV J-J
1987.
36;,
[
F-A
F-A
1
,—1960
J-D
•*„
.
gold 4s of 1910,—
'■
For footnotes see
»■ '
"
page
'
1
■
''
30
10
.Conv
'•
•;
.
26%
32%
107% 108 Vz
53
100
108 y8
99% 100%
99%
to Aug 1 1949)——1974
-
i
37%
.—I960
264
74
99%
series A
_
.
M-N
*107% :
■
—
2
72%
88
87
102
140%'
20
132'A 140%
105;;.
105
■
■
87
102
140%
•.
M-S
Y
——1992
105%
105
13
105 'A 109'/»
10
-
100
103
.
impt mtge 3%s D_
I
—1996
^
M-S
M-N
105%
F-A
J-J
1st
cons
gold 4s.
J-J
1989
—,.1989:
J-J
tACLlcago & Alton RR ref 3s_
1949
Chicago Burlington & Quincy RR—
•
General -4s,—;
A-0
r
*103.„j___
128% 128%
3
104%
109
103%
103%
121'/a
128'/a
120
2
;
"
*124 V8.126%
43
J-J
8.624
..34%,. 44%
112%
F-A
,——1958
__
107
118% .130 V
1st & ref 4%sf series B———1977
106% 115%
67
;
110% 110%
*110
■
„
110%110%
J-D
;
.
117% 120%
J-D
n;
34%
108% 112
4.
25
•
16%
48%;-; 66%
427/a - "•'38'/8
,1987
..1987
R & A Div
*
66
112% 114
105
M-S
Atl Knox & Nor lst gold.5s———,194ft
,
16%
10
1.457
108%,,
5s
97%
96%
F-A
gold
.Y;
107% 107%
J-J
Ref & Impt M 3%s series E.;
^1996
Botts Creek Br 1st 4s_——...1946
95%
,
—1987
2d consol gold 4s
J-D
56%
10'A-
1.143
i
124%
....
*105%
.Conv gold 4s of .1909———,—1955
Conv 4s of 1905——1955
;
99%
37%
337
A-0
113'A:
""
Stamped 4s- —,———^,—1995
76
79%
5
47
M-N
SACentral RR & Banking 5s stmp_1942
5 Vis A
—1948
.
——1995
General 4s———j—
78%
__
...
•
110%
104% T07%
52
*82%
gtd gold 4s_1949
Chesapeake & Ohio Ry—
;
General gold ,4 Vis,.
100%
63
Atchison Topeka & Santa Fe—
•
116%
104% 104%
Certain-teed Prod
107
115% 115 %
Jan
110
*105% 106%
—1959
registered
Guaranteed
108%
Nitrate deb—,1967
Ann Arbor 1st gold 4s—1995
Ark & Memphis Ry Edge & Term 5s 1964
Armour & Co (Del)—
98
—.1959.
,
Central Pacific 1st ref
123%
A Anglo-Chilean'
97
100'A 105%
8
105% '
105
*108%
104% 104%
—..1945
——
101%
Am Wat Wks & Elec 6s series A.
111%
84%
69
99
98%
98%
1948
Light 3%S—
Eng 1st gtd 4s
tACentral. of N J gen gold 5s
V
5& registered———
r
AGeneral 4s_i......
"90
107%
-
114%
107
J-J
Nov
JACent New
A-O
debentures
3s
108%
111%
17
J-J
U P 1st gold 4s
Central Illinois
101
86%
Branch
1st & ref
J-D
20
25
1962
Div pur money gold 4s—1951
AMobile Div 1st gold 5s
—1946:
M-S
-
116%
107%
116
F-A
AChatt
—1956
——.,,1966
debentures,—,v_i
Tobacco
118%
116
..1955
—
A Ref & gen 5%s series B
A Ref & gen 5s series C.
101%
Co deb 3s———„ 1962
debentures,.
3 'As
Amer
debs.
i A Consol gold 5s
.
108%
103% 104 %
G Chera conv 5 Vis—
117%
M-N
110
89%
103%
;1949
Amer I
115%
112%
116y* 118 %
95%
ii2% 113%
107
M-S
,1950
1st gtd gold 4s_—i._.198l
Alst mtge 5sr
107%
7
119
J-J
Celauese Corp 3 Vis debs
103%
179
118
116%
118
118
M-S
—1960
tlACarolina-Central 1st gtd 4s—1949
Certificates of deposit
A Cent
67
97
116
2
116%
4s
Am & Foreign
8
118
113%
Celotex Corp 3%s
105%
104
106%
-116% 116%
116%
F-A
141%
360
93
>101%
6
J-J
F-A
;
9
-
*
__
J-D
-
-
116% 116%
ii
'
J-J
A-0
112 Vi
252
107%,;
-•*91%
85%
91%
97%
ICentral of Georgia Ry—
101
'108% 109%
3
69
117% 117%
J-J
J-D
104
100%
108%
105
107
32%
102%
3
—1951
Collateral
89%
A-O
A-O.
4
107
4%s
104%
107%
__
16
98
33%
21
89%
:yi?113V2 113%
__
4Vis
104%
106%
103%
3
*102%,
Afieghtfny & West 1st gtd 4s,,——199a
68%
103
100% 101%
91
83%
.*102% 104
__
A-0
gold
gold 4%s^
100%
*106% 108
100%
..
107
M-N
1974
gtd 5s A.—1962
cons
103%
—
103 5/a 103%
*104% 106
M-N
,
16
•
__
*103%
103%
109
>
97
*104%
N-S
Albany
_i
*140
J-D
87%
97%
91
gold
Cart & Adir
—
102
A-O
1968
Power 3'/8S_..—:
Caniers & Gen Corp 5s w
.,1953
Adams Express coll tr gold 4s_——1948
AStamped
102
A-0
—1970
1955
...1956
62
10
Railroad and Industrial Companies
{Abitibi Power & Paper—
t
8A5s series A plain———„—1953
112%
109%
at
Guaranteed
79
10
15%
of
105 7/a
109
109
Guaranteed
76
59
Y
104%
103%
Carolina Clinch & Ohio 4s_^
,Y
101'/a
,'rt ioi h
103%
29
Guaranteed gold 5s
78%
66%
,-'1
18%
*10%
F-A
,1958
1958
(City) external 7s.
A4Vis assented—.———
AWarsaw
103%
'
106%
Canadian National gold 4%s
.1957
Guaranteed gold 5s
.Oct 1969
76%
60
5
65%
106% 110
106
Canadian Northern Ry deb 6%s_—1946
Can Pac Ry 4% deb stk perpetual
65%
60
-
72%
79
J-D
•
'
"
'
72 Vi
---.I
-
106%
Canada Souonern
.
*73
108
M-S
modified
(interest
1947) due:
;
Calif Oregon
21%
91
75'A
76%
•
41%
1969
to May 1.
Guaranteed
M-N
127
J-D
*90
M-N
70%
75
108
Bush Term Bldgs 5s gtd
102
89
■
52%
17%
'Y •;.25
10
.I960
—-1978
e*tl conv
12
;
;;
17%
*100'/a 101%
F-A
($ bonds of 1937)—
readjustment—
1979
conversion—
—1979
3%-4%-4&
12V4
...
203
18%
30
—,1964
AExternal sink fund 6s—
3%s-4-4Vis
12
100'A
80'A
106%
4? Consolidated 5s_
64%
100
83%
8
ACertificates
11'A'
96%
58
15
1967
■
105%
~3
104"
110% 110 A
-Bush Terminal 1st 4s
61
*14%
'
J-D
—
AExiernal sink fund 6s_——
1
10
*16%
J-D
A Silesia
64
-s12-:-12%-
13
Af-N
107%
105
101
107% 107%
IBurlington Cedar Rap & Nor—
* § Alst & coll 5s
—1934
68
■;•
*106'A
F-A
36
56%
n
66%
2
92%
Y.
108
M-N
1981
'
39%
105
104
104
M-N
Buffalo Niag Elec 3%s series C
Buffalo Rochester & Pgh Ry—
40%
104%
104%
107%
4s s f debentures
44
107%
107 %
M-S
s
mtge
101%
6
*103% 104%
107%
f 3%s__———1969
ret 6s series A__——1947
Gen
44 Vi
35
37
64
A-0
—1962
A7s series B sec
(Prov of)
A4%s assented
107%
M-S
Bklyn Union Gas 1st cons gold Ss.1945
50
.37%
37%
66%
.
•
105 Vi
106% 106%
J-J
—1967
1st 5s A C
'
-
8s; secured external—
101%
F-A
43%
■
A
101%
100
F-A
1st lien &
43%
33
40
37 Vz
*35%
J-J
7s
ji;.i —1940
Stamped pursuant to Plan A
(Int reduced to 3.5% )——1978
Serbs Croats at Slovenes (Kingdom)—
'
100 %
6
gold 4%s series JJ
—1961
mtge 4s series RR—
1960
Ainc mtge 4%s ser A
July 1970
tABoston & N Y Air L 1st 4s
1955
:
I
«
•1
101% 101%
101%;
•
,,1965
Stamped
*37
J-J
Stamped pursuant to Plan A
(Int reduced to 2%)—,——2012
SA8ecured
41 %
*40
J-J
———1968
;.
*43
M-S
—1956
—
~2
100% 100 b/b
A-0
2%s__.
'98% 102
128
130%
130%
130
130
J-D
,.1956
Loan
Buffalo Gen Elec-4%s B———
J-J
90
90%
94%
1st
44%
39
98
91%
1951
debentures.
1st M
•50
10
64
*94%'
stamped
'
93%
43%
58%
228
J-J
Consol mtge 3'As series H
~i
45%
73
31%
J-J
Bklyn Edison cons.M 3% s.._.__^_i.1966
Bklyn Union El 1st gold 5s——..1950
*43
41%
1,720
Consol mtge 3'As series F
1959
Consol mtge 3s series G__.—,,1960
'K-
J-J
72s
281
1959
ref 4s
2%s
42%
30
82
41
,1950
1947) due
Beneficial' Indus
35%
—
73%
•46%
1951
1
"
A 7?
j
m- a
0—^1960
36
81%
*37
Af-N
Stamped pursuant to Plan A
(Int reduced to 2.5% )———1999
■
>
991
A-O
—
Paulo (State) 8s——
_1938
Stamped pursuant to Plsya A
(Int reduced to 2.5% )
1999
%
259
(.
77%
Boston & Maine
91
Af-N
fASan
external
>^€'41%
87
•82
•
A-O
','y 1
•v.-
7
:'-?/.,•
530
73%
due,,,,,,.
Beech Creek Extension 1st 3%s____1951
Stamped pursuant to Plan A
(Int. reduced to 2% )—-—2012
A 8s
86%
-fel iV h.
77%
74%
'76%
to Jan
43%
34
36
Af-8
(City of Brazil* 8s—1952
A6%s extl secured s t£—
'
1
VY-A,
;,f oj-d
1993
Toledo Cin Div ref 4s A__
—
41%
Stamped pursuant to Plan A
(Int leduced to 2.375%
-
v-; ■,.•;..
:
1st
J-D
1967'
; ,;70% 100%
«Y%73%' 103
182
'
-
761/^
Y-V
Bethlehem
2,25% )—2004
!
Bangor & Aroostook RR—
40%
34
"l
40
101% 102
-;m
M-B
4s
"4
36%
36%
40%
105 7/b
•
)
A-0
J-D
Ci.
due
Bell Telephone of Pa 5s series
Pe external sink tuna 4s—,1964
Santa
■■
..20C0
Con
J-D
IOO v4:
■
■'It:
,
Pgh L E & W Va System—
Ref gold 4s extended to,.i,1951
S'west Div 1st M (Int at 3%%
37%
39
37Va
45%
Stamped pursuant to Plan A
*
333
103
-T,
;
to
—
■
loan
municipal
99% 100%
48 Vi
.33%
Ref & gen ser F
45%
30
1
Stamped pursuant to Plan A
A7s
1
.44%
(int at 1% to
Sep 1 1946) due,
1998
103
35
40
42%
42%
41
F-A
—1948
2% )__
external loan of
104% 104%
47
(int at 1 % to
A Conv
Stamped pursuant to Plan A
J
(Int reduced to 2.5% )i— —1999
A6<= external sink fund gold—1968
Stamped pursuant to Plan A
.'
18
(int at lVa%
Sep 1 1946)
—
ABx-exti loan Of 1921
45%
46
Ref & gen ser C
to Dec 1 1946)
.
50%
50
—
A-0
2012
(State ol)
37
J-J
Ref & gen ser A (int at 1% to
Dec 1 1946) due,
„_1995
A
(Int reduced to 2% )
Rio Grande ao Sui
106%
86
50
Ref & gen ser D
J-J
90% 106%
RR—
mtge gold 4s
Oct
A
:
<
lOO'/i
89%
50
J-J
B
Baltimore
16
pursuant to Plan A
reduced to 2.25% )—2006
Janeiro
69-
16
26%
60
AFrague (City ol Greater) 7Vis_—1952
Queensland (State) extl 6s_—
1947
de
406
4-0
17
*25'%
Stamped
•
56
99% 100%
105% 105%
July 1948
*13%
AExiernal loan 7 ten———1966
a Rio
106 Va 106%
105%
25
*25
A-0
Alegre (City pt) 8s„
(Int
106 %
100%
24'A
47 Y
1968
Stamped pursuant to Plan
(Int reduced to-2.375%)
107%
M-N
M-S
A-0
'■v-
104 Vi
8
J-D
,1948
A-0
'
High
juuw
Ad.
106% 106%
,,1948
1947
-
Tear 1944
Sold
Bight
M-a
1953
'
>Y
M-N
4&
__july ia52
General unified 4%s A_,-__„„1964
coll gold 4s,—
.__Oct 1952
39%
Range for
Bonds
Bid & Asked
Ry—
1963
1958
a4%s assented
APortb
Line
—1940
f 7s
s
sink fund gold 8s_.
AExiernal
i
Air
1963
Stabilization loan
a4'/2s assented—
;
Charlotte
&
L & N
M-S
a
Last
Sale Price
Low
2008
Loan extl
Week's Range
or Friday's
.
Interest
Period
Stamped pursuant to Plan A
(Int
Friday
*92
'
89%
,
Bell Teletype—NY 1-310
BONDS
*8T
A-O.
.
.
New York 6
90
J-D
tier A-iuttt
(City) sink fund 4V^s
A Panama (Rep> extl s f 5s
A Stamped assented 5s
Stamp mod T'As ext to
Exchange
100%
88
11
98%
101
83
Y
1
1955
Oslo
(State of)
98
96
94
1
98'/a
York Stock
Broadway
Telephone—^Dlgby 4-4933
'
100% 100%*'
M-S
A-0
_1963
As sink, fund extl loan„-
Apernambueo
W 92
«ioo
,,1958
5s
External sink
*103
(State)—■■■■-
I 5s_
s
--
J-D
M-N
1952
.1959
,
New South Wales
'
•
Reorganization Securities
,
_--11955f
-
;;
1st & ref mtge"3%s
_Y_—__1974
Chicago & ■ Eastern 111 RR—
106%
117 V
,109% 111%
109%
111%
106%
111
108
108
-
■
A Gen
mtge
inc
(conv)1997
F-A
•
Chicago & Erie 1st gold 5s
,—1982
Chicago Gt West 1st 4s series A^—1988:
A Gen inc mtge 4 Vas,—^038
J-J
69%:
J-J
65
69%
36
98
112 »A
84% 113'A
84
106
,
354
132
1
94
95
16
74
74%
16-
132;.
94%
116
112% U3'/i
105
M-N
J-J
6
21%
48
637/8
125% 130
76%
.....47
.
93%,
.
69'A
'
228.
'
•!
1
Monday, January 15, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
226
york
new
bond record
RANGE FOR WEEK ENDING JAN.
BONDS
Last
Interest
Stock Exchange
York
New
Week's Range
Friday
or
Sale Price
Period
1
"A
1947
a Refunding
gold 5s series B—1947
A Refunding 4s series C_
1947
A 1st & gen 5s series A
i—1966
A 1st & gen 6s series B
May 1968
j-j
87%
No.
Low
83%
86'A
78%
80
:
af-N
20
j-j
21
j-j
76
91%
84
,
j-j
j-j
F
series
43/4S
AGen
47%
R0
45
76
10 %
15%
20
21'A
318
10'A
16 j
♦
4
105%;,
••105
417
98
93
2nd
mtge
income 4%s
4s
conv
94%
88
94 Vi
88
69'/a
96
100 %
321
76'/2
97%
96
100 Vi
115
•97
102%
117
77%
j-j
81%
5.004
45%
21%
10.329
11%
33
101%
502
63 'A
18%
j-j
86%.
68'/a
68 'A
Food
77
70
63
81
86%
310
61'%
67%
79'/a
55 %
51'/a
56'/4
2.058
36'A
57%
621/4
1.000
39'A
57%
18
15%
18 Vi
2.921
7%
14
101%
90%
84
89
91
91
3
64 %
96
26
72%
M-S
90
86 Vi
90
48
59%
20
1st
Chic
2%s
mtge
&
G
ser
D
& ref 4148 series
1st
Co deb 5s
Cincinnati Gas & Elec
A-O
1st mtge
104
109
13
lu5% 105%
90%
91
3
55
90%
91
40
79%
82
~1
102% 102%
107
River Power s
85'A
111%
111
12;
A-O
106
A-O
104
106
105% 106
104
J-D
Af-N
24
107 Vi
98%
63
79
,104%
*100%
98%
__
26
98'%
80
82%
174
103
103%
18
104'A.
J-J
80
103
103% 104'A.
A-O
F-A
*113%
--
J-J
116%'
116% 117%
43
106%
105% 106%
.-.V
F-A
*112%
A-O
102 %'
102% 102%
103%/
1-0 3'A
104%
104% 105%
J-J
J-D
84
mtge 3'As-
1947
2'As
J-J
......1973
A
83
T
96%
Hudson
Coal
Hudson
Co
1st
f
s
series A
5s
—1948
>
120%
A
receipts
Co 3s deb
Deposit
106
1st
Purchased
1955
';
17
103 %
101%
103% 104
15
101% 102
30
89%
95
25
66
91
98Vi IOO
92%
.
A-O
72
11 %
102%
?1
106%
65
177
102
J-J
38
97%
98%
92%
100
98
*99 Vi
■
98
__
110
111%
130%
108% 108%
J-J
3
139% 139%
M-N
98
5
96 Vi
102'%
139%
85%
17
102% 103
98
Af-N
102
96'A
105%
75
56
k
J-D
,
.
78%
M-N
F-A
76%
*115%
69%
68%
69%
178
55%
72%
A-O
;
33'A
33
34%
348
26%
35
103'/a 103%
30
1981
J-J
J-J
J-J
1J4%
111
103%
117
81
—
115'A
:
117%
105%
108
105'A
109%
105'%
65%
37
46%
lines
4-0
*100'A
if-a
.84
_1952
4-0
3Vis
89%
Refunding 5s
1953
M-N
100%
-82%
72
94%
1951
f-a
87
85%
87
5
59 %
85
1951
J-J
88
88
90%
4
65
82
89
91%
95
Div
1st
gold
3s„,
A
Gold 3 Vis.,.,.
*98%
J-J
99%
J-J
1951
''-Aj,.' "
J-J
f-a
100
..—1963.
J-D
88
ref 5s series A—
1st
1st & ref 4%s series C
1st
Ina
ref mtge 4s
111
61
J-J
tAInd & Louisville 1st
gtd 4s_.
,.1956
106%
109%
1952
108
111%
54%
53%
80'%
65
1947:
39
59
86
Vat
80
99
316
57%
86%
52% ,81%
176
: 4A.;':
2
78
t
79
A-A,
98%
'
*105%
44
25
•
110'/a
•111
105%
74
111
'
106% 106%
104% 107'A
-3
;
a-o
34:,A
1.090
16%
30'A
;
J-J
69
64%
69
220
43%
61
J-J
;
69
64'A
69
149
43%
61%
76 V«
77 Va
a-o ^
;
A J-J
1955
108
3f-N
.•'.•
A
•
97%
f-a
r
34%
,
47%
226
68
.,
56
77 Va
104'A 105
rv<tt:; 4
103
105%
107% 108
VI
.
J-J Art.
1952
5s
74%
A 31%
76%
t
% 3f-3
1972
Debentures
70
32
105
109'A
"
_A, tr /
*101%
95%
98
97 Va
;
102
220
:
99% 101
101
::yt;V. 141
.
74'A
96%
424 '
77'A
100%
53 -
71
.1955
68%
51
84
78%
73
1944
62
59
87 VA
99
13
J-J
1952
103%
38%
99
Jlnternational Great Northern RR—
103%
41
67 Va
<99
.
90
80
•
■■
.
A-O
1953
88
__
88
Jf-3
Indianapolis Union Ry 3%s ser B.1986
Inland Steel 1st mtge 3s series F—1961
9
51
39
'At
99% 100
J-J
8
*84
*95%
85
...
J-D
1950
gold 4s_.
109
46
'vi:
J-D
1963
—.1963
ser
1st
Iowa
WW
i
"
1st
gold 4s
111 Cent and Chic. St L & N O—
Joint
99
101
79%
■••••
i-
" 97
.
97
-
■
1951
Lines
390
*104 A 105 An;
Springfield Diy 1st gold 3'%s_—1951
108% 108'A
95'%
78
Omaha
112
101%
98'A
48%
J-J
109%
2
83%
f-a
J-D
107%
3
88%
1966
104%
102% 102%
86'A
60'A
67'A
28
gold 4s
.,1950
Litchfield Div 1st gold 3s
1951
Louisville Div # Term gold 3'%5-1953
2
102% 103
60%
58
285-j
100%
81
92'A
92
343
;
v
90 TA
98
70
62 Vi
252
■
;;
88
100'i
64
■
215
95 Vi
86%
.87%
i
100%
96%
~i
95%
93
95
97 Vi
—
84
.
92%
J-J
M-N
gold 4s„-
13
*58%
?
95
M-N
1955
,1952
-
;
103%
102
103
103
103
1951
i.,^1953
'
60'%
101%
100
*103
—.1951
3%s
St. Louis Div & Term gold 3s
61
62
a
40
*49
50%
101% 102
A-O
16%
103%
J-J
,—..1951
gold
trust
116%
60
*68
74
15%
91
1
74
A-O
.
41
105% 106%
16%
/•
109%
45%
------
Curtis Publishing
•
Feb
.
1951
114
32
J-D
128'A
105'A
112%
1957
40-year. 4%s
65
72
111% 120%
15
100
Cairo Bridge
61
*69
•
119% 119%
101'A
.98%
1949
Telep 2%s series A
HO'A
60
J-D
101'A
18
1962
1st 5s A-
gold 3s sterling
ir Collateral trust gold 4s_-_
/l; Refunding 4s
106%
45%
51
-
90
107'A
110% 110%
Income. 5jS—..—^^.-Feb 1957
Collateral
j-j
1946
extended to
A Deposit
receipts
A6s series B extended to
89
80
104%
Jv
J-J
1959
Gas„ 1st gold 5s
106%
J-D
receipts
Deposit
32
*102%
Feb
gold" 4s
1st
75
52
102%
14
25
11
1954
Manhattan
102%
30
49%
94
48
12
1967
1st
103%
49
~3
129'A 129'A
A——j.—.
1st gold 3 Vis—
J-D
--—
.
93
1977
—
4'As debs
Oil
Extended
102%
60%
38
A
__
h'
103%
35
102%
40%
34
64
121% 121%
107'A 107%
A-O
106'A
22%
J-J
M-N
-1952
A7Vis series A
105
J-J
•
Hocking Valley Ry 1st 4%s——1999
AHousatonic Ry cons gold 5s_—1937
106
51
debs_-
|ACuba Northern Ry 1st 5Vi3
A Deposit
receipts .—
ACuba RR 1st 5s gold—^
74%
101%
1976
M-N
1950
1955
1942
f debs—
s
Crucible Steel 3Vis s f
%
56
104% 105
J-D
1952
gtd 5s
J-D
1956
Crane Co
'A
104%
43
262
-72%
94
1950
;
J-J
102
75'%
35
109
97%
93
If-N
Illinois Bell
9
104 % 104%
58
103'/a
103
—
Illinois Central RR—
65%
M-N
60
42
61
104% 105%
J-J
1969
107%
61
Af-N
101
42'A
41% A5
1952
110
_
—
1st
106%
65%
J-J
221
70
72%
105
'
4%s
92%
65
J- J
8
60'A
107
65%
J-J
116'A
100%
98'A
*43%
6s.__—1934
deposit
95
18
103%
105'A 106
134
116%
:
■
108%
113%
107'A 107'A
—
A-O
1965
1970
1960
196®
mtge 3 Vis
-y,
,_
ext
mtge inc 5s series Ai———2015
3%s series D—
—1969
AAdJ
105%
__
M-S
Gulf States UtU 3%s series D_
67
J-J
1st
1st
Term
113%
..
104'A
114
J-D
:
J-J
deposit
of
108% T09
__'T,
F-A
'
of
108%
*107%
106
102
103% 104
J-J
Corp'3s debs
103%
M-S
M-N
1st & ref
t
106'A
102
A
102
*103%
Gulf & Ship Island RR—w
1st & ret Term M 5s stpd
80
102
107%
2
J-D
1949
5s series C—
Hudson &
107
.108%
109% 109%
106'A
'Af-N
88
53%
107
A-O
,
110'/a
82
108
A-O
107'A
57 »A
12
12
103%
*56
112%
102'A
25
107
57
591
Western
A
mtge 3 Vis_mtge 3'As—
81
A-O
1956
1st
610
F-A
-1948
4s
91'A
M-N
York—*
Power Co—
78%
109%
102% 103
102%,
J-J
1956
3Vis debentures
—-----—*958
Consolidated Oil conv deb 3Vis
1951
jAConsol Ry non-conv deb 4s—-1954
A Debenture 4s
1955
1st
59'%
109 Va
99%
—
87%
85'A
M-N
19bl
f 33As A
*110'%
90
J-J
debentures
1st
92'%
88%
,107% 108
-A
102
:
?
Mobile & Ohio 4s series B..„.197o
Gen
92%
%
100%
1
102%
5
100
100
_
5s__—.Oct 1 1945
Ry
F>
(B
Greyhound
uult
106'%
33
'
*107% 108%
*
'
1969
4%s series E..
Gen mtge 3%s" series
108
53
J-D
—»„—-——1961
Columbus & H V 1st extl gold 4s„1948
Columbus & Sou Ohio El 3 V4S
1970
Columbus & Tol 1st extl 4s——1953
Commonwealth Edison Co—
Conv debs 3Vis
1958
1st mtge 3s series L—
1977
Conn Ry & L 1st & ref 4Vis,——-1951
Consolidated Edison of New
3 Vis debentures
104%
90%
111% 111%
J-J
Debenture 5s—.
1st
10
107
J-D
—1993
series E___—>.-1977
Cin Wab & M Div 1st 4s
1991
St L Div 1st coll tr gold 4s
1990
Cleveland Elec Ilium 3s
1970
Cleveland & Pittsburgh RR—
i Series
C 3Vis gtd
1948
Series D 3Vis gtd
1950
Cleve Short Line 1st gtd 4%s
1961
Cleve Union Term gtd 5Vis
1972
1st s f 5s series B gtd—
1973
1st s f 4Vis series C—
1977
Coal River Ry 1st gtd 4s
1945
Colo Fuel & Iron 5s inc mtge
1970
Colorado & Southern Ry.—r ,r" :
4Vis (stamped modified)
—1980
Columbia G & E'deb 5s
May 1954
Consumers
102%
F-A
1993
gold 4s
A Debenture
100%
90%
101%
117% 117%
Af-3
'
88
64%
17
104% 105
J-D
1956
Corp—
General-
Houston
General 5s series B
3Vis
22
F-A
Ref & impt 4Vis
Conn
108
St Louis Ry—
Cleve Cin Chic &
General
102%
J-D
mtge gtd
1st
105%
F-A
Union Terminal—
3%s series E—1—1969
2%s ser G—
1974
Cincinnati
106%
175
*H8%
•
trust 6s
AGreen Bay & West deb cifa
A Debentures ctfs B__.
11
102'/a 103 Va
102 %
Af-N
1952
1966
1967
mtge 3Vis
1st
M-S
A-O
,1957
3%s
101%
167
92%
*103
J-j
'
;1958
General 4'%s series D
108'% 108'%
*
J-J
1943
;
5s'
Ok & Gulf cons 5s
§ADebenture
JAChoctaw
85
& Ala
General
',106% 106 Vi
,
J-J
,1952
1962
West Indiana com 4s
t§AChilds
83
J-J
1963
—1963
3s debs
Grfeat Northern Ry Co—
General 5 Vis series B
80
F_
"
:
5%sl
Castings
Certificates
84%
59
Station—
Steel
Goodrich
98
94%
Union
deposit-
debs—,
Certificates
91
95
*87%
inc
Gravs Point
96
mtge 3Va3 series
high
105 7/s 105%
Af-N
—1974
Si Utilities
Realty
tSAGa Caro & Nor
51%
61%
J-D
1st
of
Machinery Corp
JAGeorgia
84%
2
1951-
Chicago
Low
102'A
90'%
102
Af-N
1959
ref 5s series A
Si
conv
Gen
Southeastern 1st 5s—1960
Income guaranteed 5s—,—Dec 1 1960
ACertificates of deposit
/
Year 1944
No.
High
105% 106
.
90%"
.__i.
General
83%
*102% 104'A
*
Gas 81 Elec of Berg Co cons 5s_—1949
Af-N
Chic T H &
deposit.l
104
A-O
J-D
106
M-S
A,-i9bi
104
83'A
J-D
deb
103
t
—
J-D
Memphis Div 1st gold 4s—
Sold
83 %
M-S
1934
1952
AConv gold 4Vis
1960
Chicago St L & New Orleans 5s
1951 i:
Gold
3Vis
———,-1951
jASecured 4lis series A
r
Range for
Bonds
Friday's
107
83%
86%
'
-—
of
Francisco Sugar coll
.
j-j
3s
1971
102'%
*103%
*102%
f-a
gold 4s__
J A Refunding
A 1st
4s
deposit
of
ACertificates
84'/a
85
j-J
J-J
1969
Div 4s
1969
fS^Chicagu Railways 1st 5s stpd
25% part paid
i.—
—1927
JChicago Rock Island & Pacific Ry—
AGeneral 4s
1988
Certificates
17%
104% 105%
20%
3'As
mtge
tFlorida East Coast 1st 4%s
70
70%
105%
-
1st
ACertificates
79
J-J
Flintkote Co 3s debs
'---.......1958
tAFiorida Cent & Peninsular 5s
1943
96'A
100 Vi
Div
Firestone Tire & Rub
96'A
102%
cons
Ohio
;>
1995
inc 4%s series A—
2015 t'
J-J
mtge 3'as ser E_
__1964 *a-0
mtge
'
94
76'A
a-o
& Pacific
City
or
Bid & Asked
-'
*"
'
B
series
•i.a
J.U.
\yuj.io
1st
100'A
,
f-A
Valley Div
Piaines
Des
Sioux
74%
j-j
1989
1999
mtge 4s ser A
105
87
iot
Gen
89 'A
Chicago & North Western Ry—
& gen
Sale Price
£020
Erie Railroad Co—
176
<•'
j-j
{Chic Milw St Paul & Pac RR—
AMige gold 5s series A
1975
AConv adjustment 5s
_Jan 1 2000
1st
Last
Period
85
50
1,280
17
98
j-j
.—May 1 1989
May 11989
series E
AGen* 4 Vis
Week's Range
Friday
Interest
Exchange
High
180
18
.
/A/--' /
j-j
gold 3 Vis series B__May 11989
4 Vis series C—.—May 11989
A Gen
A Gen
Stock
1
huja
89
j-j
1989
May 1
A
series
York
'
4s,..„,.195f}
& Sou 50-year
4s
New
Range for
Year 1944
JChicago Milwaukee & St Paul—
aut-u
/
BONDS
Sold
Ry—
^Chicago Ind & Louisville
:
AKeiunding 6s ser A—
Chicago Ind
Bonds
Friday's
Bid & Asked
Low
13
,,<
13
Jf-S
1951
6'A
6%
5
3
459
5%
52
100
102%
James Fraftkl
Jones
1st 4s
1959
J-D
Steel 3'As
1961
J-J
& Clear
Si Laughlin
94
39
58%
103% 104
12
95%
104
98%
102 Va
93%
96'A
d
3s
1970
Dayton Union Ry 3'As series B—1965
Delaware & Hudson 4s extended—1963
Dayton P & L 1st mtge
Power
Delaware
&
..1973
Light 3s
;
4Vis—„•_.
.
1978
ARef & impt 5s series B
t
i
See
Gen & ref
:
!
108%
106% 106%
6
k
103'/a
99%
79%
105
66 %
—
64%
68%
306
45
69%
15
46
A-O
11
9
62%
A-O
63'A
3s series H
1970
gold 4s 1995
1995
1961
1950
gold 4s
Detroit Term & Tunnel 4Vis
Chemical deb 2'As
3Vis—1962
J§ ADul Sou Shore & Atl gold 5s—1937
Puquesne Light 1st M 3 Vis
,—1963
Miss & Iron Range Ry
J
■
V
'
•••a
6%
6%
61%
12
J-D
106%
10
151
j-j
1987
3'/a
6%
1961
40%
.57%
1961
106%'
.;
—
Af-N
—
58
106 %
! Ed El
! Elec
111
(ny)
Elgin Joliet
El
i
I
Paso
5s
1995
& East Ry 3'As
& S W 1st 5s
_
footnotes
see
page
1965
a-o
1962
ac
228.
—
102%
Af-S
.1965
stamped
Empire Gas & Fuel 3%s
For
J-D
.1970
—
-
J-J
1950
1st cons gold 5s_
Auto-Lite 2%s debs
—
94%
96
93%
72%
':
96
114%
138
119
*65
51 %
69
91%
103
98
102
j-j
*ioov0
1997
A-O
111%
1954
j-J
104%
107'A
1954
J-J
68
90%
~3
*108% 110
5
,'•"41
54
1964
A-O
8
25
34
1950
M-S
.1959
m-s
%
102
10
106%
175%
109%
109
'9
110'A
102%
103
1021/4
r
105%
3%
5%
103'A
108% 108%
94%
172%
107%
173% 175
*109
30%
108%
29
46%
98%
__
58%
244
106% 106%
25
24%
HO
109%
47
*116%
*150%
110
*105% 108
2
106% 108%
a-o
108%
107
108'A
J-J
103'A
103
103 Va
150'A
101%
103 %
106
Gas Light extd
&
&
Sh
3%s
ref
ref
&
a 1st
4%
103
;
104%
,
~5
4%
4%
A-O
*100
99
100%
100%
F-A
100'A
100% 100%
14
98-%
I960
F-A
201 Va
100% 101'/a
11
98%
101'A
1997
J-D
106% 106%
17
93%
106%
1997
5Vis series
—1953
C.
J-D
89 Vi
101%
D
registered.
mtge Income
106%
Lehigh Coal
Cons sink
3
80
106%
3
99%
103%
103
*103
*102
:
.
101
Laularo Nitrate Co Ltd—
105%
19
loas
5s
5%s series
Mich Sou gold 3'%s.
82'A
,
108'A
116%
148 'A
__
102% 102%
:
l
111
Coll
M-N
89%
69%
*103%
111%
Laclede
1958
95%
*101
107%
1st
90%
71%
95
84
94
j-j
106%
19
*79
-72%
j-j
2%
.
Va & Ga Div 1st 5s..
.1961
95
r
tt;''- 42
84%
J-J
:
;
9
•'
tflyt
103
84
*118%
29
'28%
*111'A
M-S
A-O
J-J
106'A 106%
1
•
102% 102'A
—
J-D
J-J
106'A 106%
95%
j-J
3.377
63'A
107% 107%
J-D
84
.
A-O
8
4%
1.353
Lake
Tenn
A-O
■
Coll
i East
■
1950
.
4%s
M-S
103
Ry—
.1936
gtd 4s.
62%
69%
A-O
.1990
106%
1950
F-A
1965
series f
ASecond
i Dul
i
113
1961
Detroit & Mackinac 1st lien
i Dow
I
J-J
mtge 3 Vis series G—1960
Edison 4s
Gen & ret
I
106%
105%
103 %
•
99% 100
Chic & N'western Ry.
Detroit
,
*103'A
:
Piaines Valley Ry—
Des
1
<
J-J
F-A
1
A Assented
i
A-O
2
'
100
§ARefunding
1936
1936
jDenver & Rio Grande Western RR—
AGeneral s f 5s—•.
,1955
gold
§AConsoi
Af-N
107% 107%
107%
J-D
RR—
JDenver & Rio Grande
§ A 1st consol 4s
.
J-J
& Nav
f 4%s A.
NY
1st,
ptri
gold
—
—
47%
J-J
104% 104%
2
97'A
106
1954
J-J
104% 104%
2
97
105 Vi
Dec
1965
Lehigh & New Eng RR 4s A
Lehieh
-10
1954
1975
reg
s
fund 4%s series C.
4s
_
A-O
1945
MS
51%
104
104
99%
52
104
99%
"3
7
100%
95
67
104%
100
THE COMMERCIAL 8c FINANCIAL CHRONICLE
VolfimaJ61,1'Number 4351
NEW
BONUS
New
Stock
lurk
Friday
Week's Range
Interest
Last
Period
Exchange
YORK BOND RECORD
RANGE FOR WEEK ENDING JAN.
V
Sale Price
or
Friday's
Bonds
&
1st
Low
High.
fund
5s
sink
rel
5s
fund
Valley
N
Valley
stamped
Lehigh
4s
4s
gtd 5s
N Y Gas El Lt H
ref
52%
M-N
58%,
56
60
53
56%
M-N
64%
61
65
A-O
; 83%
83%
85 y4
gtd
1965
..—.1951
A-O
2003
&
1st
5s
1st &,-ref
4V2S
4s
M-S
M-S
fN
/ 79 V4
64%
v
J-J
1966
M-3
RR—
series C
;;
v
3y2s
deb
4s
deb
4s
1956
1958
36%
55
V*
A
35
50 V'a
AConv
42 V*
60 %
§ A Collateral trust
83%
ADebenture
Debenture
.2003
RR
4 %s
.
Sugar 4s sink
106
104
107%*
■,
Y
tAN
-•
6s
..
.
Ont
JSAMet
:
§ A General
105%
108
104
— —
,V-'
N
94'/2
100
1st
50-yr 5s series
ext
Paul
Sault Ste
&
50
101
102
102
101%
Gen
103%
Central
92
95
98
jMJ
83%
ACum
&
A 1st
80 '/a
224
%
61%
bo I
*
561/a
ref
ft
A1 At
AConv
J-J
87
J-J
90
A-O
'
St
ref
81
76y«
82
212
'
39%
37%
40
2.520
5
81
75%
82'%
1.103
—_19«1
series I—
5s
F-A
.1949
.1980
gold 5s series H
& rei
A 1st
Moh'k & Malone 1st gtd gold 4s—1991
Moncmgahela
.
U
82
75%
Montana
Montreal
&
Morr's
5s
Tramways
M
5s
Constr
M
4VitS
States
Fuel
Mutual
Gas
J-J
93%
92
94%
202
611/4
88 Vi
2047
J-J
IO&1/2
382
80%
104%
J-J
97
97
99
47
67%
941/2
2047
J-J
97%
97
99
73
67%
94%
13
1051/3
110%
:
.1967
3%S-_
Dairy
Nat
Distillers
3Vis
Prod
Na.ii011al .8iee]
debs—
1st
Consul
Newark
Gas
&:
st.nd
1946
1946
1st
111%
1st
74%
ref mtge 3'/as series I
1st & ref mtge 3s series J
71%
1st & ref M 3s series K_.
Gas & El 4s series G
loo%
97
ref
&
Tel
74%
Ref
22 i/s
37%
Paducah
74%
Panhandle
561/a
74%
M
3s
& 111
1st
East
•
•
97
*101
16
f gold 4'/2S
s
.1955
P L
1st
O & N E
N
111
II41/4,
*%s
105%
109
943/4
2
100'/a
72%
3%s'ser
Orleans
New
1st
Term
tNew Orleans Texas
§ANon-cum
963/4
102
sterl
4s
69%
Gen
of
ACertiiicates
;
A 1st
.
A
Cons
67%
General
4y2s
108
1121/4
General
5s
1093/4
112
*108
M-N
*103%
109 «/4
5s
deposit
of
B
.
106'/a
Peoria
99%
105
Pere
113%
116
84
981/s
961%
95
General
84 Vi
114% 114%
114Va
117Vi
122%
126
88
100
105
Y. Central
N
RR
J-J
106%
Ref
■;
&
imut
Y Cent
deposit
:
106
104Vi
72%
74%
.//;■;•
41
62
/
61
iU— ■'
A-O
;
F-A
84%
'
86%
*81% '".L
V/"-'1
F-A
53
/;7l%
&
——-.1945
5s
2013
series C
River
84
86
.
3 Vis
;
3Vis
New
A-O
J-J
4Vis
series
Y
Connecting
N
Y
Dock
1st
Y Edison
1st
lien
For
ft
RR 3'is
1974
gold
M-S
3Vis series D
ref
3V4s
footnotes
series
see
page
87
461
106 'A
:
110%
106 y8
110 3/4
108
18
.'if 13
107%
109%
109%
104% 105
101
98%
107%
F-A
125%
125 y4 125%
8
121
125%
J-D
122%
120% 122%
34
109
119%
J-D
129
128'/a 129%
20
115%
128
103%
103'/a 1031/4
122%
120
A-O
J-J
A-O
M-S
•
A-O
Ry 5V2S
1974
1956
J-J
1956
M-S
series B.__
105%
*108% 111%
5s
General
99%
104%
108 3/a
112%
•
_
45
84 Va
54%
31
141
100 %
10
104% 105'/a
74
100
105
U
105% 106
/
Electric
Phila
1st
ref
&
ref
and
1st
1st
M
4'/4s
tr
ref
&
2%s
J-J
T-D
2%s—..1971
M-N
—1967
,
7
106%
A ref
5s
stamped
M-S
34
1967
1963
MS
106
1937
J-J
debentures
-59
t§APhillppine Ry
ACertificates
1st s f 4s
of
deposit—
90%
85 Vi
Series I
Series E 3%s gtd
88
*78 Vi
84
108 Yi
108%
103'/4 103%
109
107% 109
F-A
102
101
A-O
4-0
63
126
v83%
12
78%
97%
61
69 %
8^%
92 3/8
101
Series
J
101%
38%
spries
R
,
102
105% 105%
*107% 107%
;
95%
1081%
1st mtge
87
104
1st
Ash 1st 4s ser A—..1948
1962
1974
F-A
J-D
1977
J-D
4%s series B
mtge 4yas
&
series C
Pitts Young
1003/4
1st gen
1051/e
1093,
1st
gen
106
llQi/s
1st
4%s series D
78%
—.1950
5s series B__.
5s
series C
1959
1960
104
104
123
114
113%
u 1 •J'J
11
101 % 101%
124%
116% 128%
116
131
105%
J 05%
2
104% 105%
123%
123
123
115
122
*114Vb
;
112%
112
*113%
—
104%
112%
105% 106
M-N
J-D
J-D
J-D
A-O
A-O
J-D
109%
105
F-A
F-A
102%
106
1st mtge
17
—
A-O
4y2s series B
1950
Pitts & W Va 1st 4'/2s series A_._1958
4'/2s
*102%
'*112%
9
Pitts
19%
1013/4
■
M-N
F-A
J-D
M-N
46
74%
7 3/a
6 Va
130%
823/i
106'/a
100%
130'/a 130%
811/4
36%
104 Vb
30
130
63
mtge
v
130IV
mtge 3%s ser E__——____1975
Pittsb Coke & Chem 1st mtge 3V2s.l964
1st
•
82%
105%
12
18
130%
Gen
Steel
326
20
17%
104
4-0
62 3/a
t' 21
588
~2
106
101%
109%
104
M-N
J-D
5s series A
mtwp
-
15%
101 »/a
:>'
132
127
105%
101%
,.10^5
guaranteed 4y2S..1964
*.....1970
cons
Gen mtge
G*>n
1963
4 y2s
cons
65
913/8
85%
•v.
,
861/2
650
:
*87
■v
103%
56%
-
1945
gold..,
....1949
Seriis F 4s guaranteed gold
1953
Series G 4s guaranteed
1957
Series H cons guaranteed 4s__
I960
4$ guaranteed.,
D
/.'.
F-A
1964
Pittsburgh Cine Chi & St Louis—
Series
17
•{;, 20
....
107
101
■
3s
101
104%
100%
104%
Philip Morris Ltd deb 3s
87 y8
82
103%
535
•
35 %
*104
34%
53%
105%
101%
8
85%
M-N
78
91%
85%
82%
84'/a
82%
107
62
101% 101%
101% 101%
........—.1949
deb 6s
AConv
J-J
.1973
....
119
30
102% 103
101%
M-N
1974
2%s__
106
953/4
118%
131
*127
106%
23%
105%
121
*131'/a 133
J-J
1961
55%
105%
,
104% 105%
105%
37
1053/4
':
*106
F-A
gold 4l/2s series C——1977
B
82
53%
54
106
149
104% 105%
'
97
51
/
120% 123
J-D
1974
General
,
176
122%
123
J-J
1980
1952
>
F-A
coll
1083/4
108 Va
107% 107%
Apr
gold 4%s series C__
Phelps Dodge conv 3y2s deb
Phila Bait & Wash 1st gold 4s—
Co
109%
105 Vb
107% 107%
A-O
1st
Philadelnhia
.
18
16
106% 106%
/.
104%
1947
ext..—
86%
73'4
1.083
951/a
100
A-O
.1966
228.
"l
108%
108
107%
1952
Phillips Petroleum 2%s debs
100%' 100 y2
'
1965
—1965
E
81
74 I ■
/* A-'A
90
">951
4s..
891/4
68%
iI5
f. ;/ '.:
90
101% 104
100
A-O
A—
94
94%
F-A
.—1978
C—
85%
103%
York
....
90
'
88 3/8
86
F-A
Ref
89%
83
69
27
*100%'
89%
F-A
registered—:
N
N
J
F-A
registered.—.——1998
coll gold 3 Vis
.—1998
..—1998
70%
71%
•••
83%
86%
*88
J-J
.*.—1998
Chicago & St Louis—
5'/is series A
—
105% 105%
106
107%
1960
series
—
1113/4
105
__
—
M-N
1984
„
A-O
1997
Ref
<
F-A
1997
Mich Cent
r
89%
iii
j-j
75
72
46
/■" .1''/.
V.
\
81%
AO
2013
3y2s_
.-3Vis
4s
*108
108
108%
*110%
A-O
'■
S6
—:
4s series A—_—1998
Hud
106%
71%
-
...
1954
registered...;
Lake Shore coll gold 3 Vis
yz' 106%
94 Vi
93%
96
1st
106
105%
113% T16'/4
II41/2
108%
••
M-N
1st series A 5s
Marquette
y ;/- .'■
*105'/a
F-A
Apr 1 °90
4s
Pekin Union
&
110%
106
101%
111
105% 105%
*114
J-J
1970
1981
4s
AIncome
108%
...
■
91%
106%
105'/a 106 Vi
74
ij
Ref & impt 4 Vis. series A
N
97
104% 104%
106
A-O
.1958
gtd 4Vas
97%
97 Vi
*106
deposit
A.—..
*102
1968
L
gold 4 Vzs
Eastern
&
Peoria
103 %
124 Va 124'/a
~' '
;.fACertificates of deposit—
vNewpbrtt & Cincinnati Bridge Co—
*100
.
1965
Peoples Gas L & C ref 5s_
103%
100
deposit
;
.
108
102 Vi
__
5%s. series
A 1st
;
....
95%
105%
102%
1051% 1051/2
;
D
110
108% 109
^Philadelphia 81 Reading Coal—
1935
1950
of
series
82
99%
107%
Ry—
C
series
4Vis
,,y. A Certificates
,•
„
98%
107
J-J
1953
*
108
F-A
1948
A
series
series
Debenture
; 102%
•
J-J
1954
of
^Certificates
A 1st
1983
4s
106 'A
104% 105
1970
1960
i
3%s series C
sinking fund 4'/2s_'
72%
1952
B_
series
Certificates
A 1st
■
.
5s
gtd
103%
J-J
stpd dollar—..May 1 1948
47 Vi
*113 VB
series A
1061/4
105% 105%
*M-S
..1969
1974
mtge
43 Vi
J-D
& Mexico
inc 5s
104
J-D
1968
3'/2S
debentures
143
J-D
D-__.
& Light
Power
Pennsylvania RR—
uciiao;
goid 4s_
483/4
280
ref
&
155
1948
A
111 »/4
105% 105%
y
4
TO 3 Va
Nor 5s
110%
107
M-N
5s.l949
Penna
77 Va
M-N
ref & imp 4»/as
100%
106
J-J
-
1960
111%
73%:
M-S
Orleans Great
New
98
106%
1081/4 108%
A-O
1966
3s B__
104% 107
75%
P & L 1st mtge 3s_—_ 1974
New Jersey
*101% 101%
J-D
/
1966
series
108
71%
114 %
105
J-D
JtJ
Co—
Pennsylvania
76%
F-A
108 Vb
104%
106
Pennsylvania Ohio & Detroit RR—
1st & ref 4%s series B—
1981
102
70%
M-N
108%
105%
J-D
...1974
Paterson & Passaic G & E cons
72 %
J-D
105%
104% 105'A
J-D
1971
;
3'/4S series C
mtge
M-N
1986
105%
J-D
1970
L
ser
& Tel 3'As
M-N
1961
104
103 3's
1964
6
100% 106 %
1952
110%
102
2
1966
&
4
111% 111%
1954
gtd 4'/2S series B.
RR gtd "• st 4s
104%
"5
J-D
1940
Pacific
56%
12
A-O
J Junction
N
1041/4
28
*v
M-N
1965
Tel & Tel 5s A
New England
111%
102%
105'A
J-D
97%;
108 y8
*105% 107
A-O
1952
J-J
15%
3
15
*103% 104
J-J
.
25
277
103% 103%
J-J
1946
5s__
cnr>«
1960
1945
10iy2
112 y4
\l08
103%
J-D
,
80%
J-J
69'/,
*105% 1061/4
101% 101%
J-D
M-N
1945
60
A-O
..1945
73V4
103%% 0,4
1966
Elec
82%
M-S
gtd 5s
107
108 V'a
;
82%
J-D
AConsoi gtd 4s
/8
25%
108
M-S
Gtd 4s series E trust ctfs
1960
5s—...
cons
RR
England
fANew
lud
-
99 Va
102
*101
/ 1
J-J
J-J
.
Pennsylvania Glass Sand 3%s
1949
tANaugatuck RR 1st gold 4s
v
.
74%
3s
mtge
—
74%
F-A
108
105% 106%
...
M-S
9 V'a
debs
3 Vis
Prod
' F-A
56%
1978
112%
104% 107
106 y8
1974
mtge 4V'4s series E
Conv deb 3'/4s—
Nat
F-A
1972
Gen
L 4s series A
v
1974
General 4'/4s series D—
Chatt Si St
105%
51
'
Nash
110
88'/a
7
pacific Coast Co 1st gold 5s
1st
B——,...1955
T & T 3Vis
1968
1st gtd 5s
1947
1211/4
92%
1
441
56%
108 y4 108%
series
116
112
76%
690
72
129
79
206
M-N
'
134%
75
5.272
J-D
„
125
111
78
20
J-J
48
:
76l/8
mtge 3y2s
rel
Gas
56%
217
107
1958
129
Q-A
82
108%
.2000
1955
3Vis
series A
Constr
Mountain
gtd
1st
Essex
481/4
40
108
82%
J-D
91
341/4
416
.
*121%
112%
17
F-A
1951
ext
(John) & Co 3s debs
Morrell
/ M-S
75%
A-O
ref 33As—.1966
■
*129
76%
.1965
1st &
Power
M-S
19Vi
1968
debentures
6s
82y4
.
133'/a 134
81
1960
3 Vis series B
Ry
mtge 4lbs—■
O-A
>
A-O
M-S
25
94
53
D_-
84
Monongahela W Penu Pub Serv—
1st
i:
49
M-N
F-A
37
Co—
71
./T36//;
M-S
81 Vi
110%
„2047
57
747
M-N
109%
106 Ye
Q-F
...
53%
:
M-S
3978
G
106%
2047
64%
1977
gold 5Vbs
A 1st
.
series
5s
18%
1
10
,
86%
/■
55*
1965
1975
-
series P
5s
1.246
34%
109
Q-J
3s__.^_—
:
Pacific
4s
ref
14
Q-J
Transmission
80%
84-/4
1978
5s series A
rel
&
series
1st mtge
Guaranteed
tMissouri Pacific RR Co—
A 1st
31%
,
;
Oregon-Washington RR 3s' ser A-.1960
1st
AGeneval
33
*345/B
1974
33/4.s
1st 5s_._.
Oregon RR & Nav eon gold 4s
Ore Short Lina 1st cons gold 5s
103
78 Vi
J-J
series A—Jan 1967
adjust 5s
Oklahoma
6
93%
L
D
111
A-O
1st mtge 3yas..J....._..1964
mtge
Ontario
12V4
83
.
.1962
series
1st
97%
3%
78%
95
108
F-A
.
106
75%
3
J-J
87
3
7y8
1997
mtge 23/4s
Ohio Edison
74%
95%
123
4
93%
109% 109%
109%
^
tOtrdensburg & Lake Champlain Ry—
§ A 1st guarantee^ 4s__
...
1948
99 %,
28
..1990
:40-year 4s s*ries B
4%s
1st
1081/a
55
1031/4 105'/a
B
Power
1st &
(Wise)
105'/a
1001/8
Q-F
105
94
17'/4
100*4
73
102
325
31%
19
'
19%.
102%
*105 Vi 106'/a
J-J
imnt
101%
13%
26
20
32%
F-A
Jan 2047
ft
(Mniui
16%
54
33
15
2047
series
5s
34
1997
Ref
States
109
105
35
1961
A
impt 5s series C-
Northern
111%
22
107% 107'/a
registered..
6s
105%
,
& Id gold 3s
ry
5%
75
>239
109
registered...
lien
18%
74
60%
56 y4
2014
&
1
3962
—..1902
series A
5s
lien
&
3
A-O
Ry
gen
60%
F-A
/•
-
3%
52
31
106
106
66
105% 106'/2
J-J
'
^....1898
5s
impt
103 »/2 103V2
7%
;
Prior
;
.
A_1
&
106
Missouri-Kansas-Texas RR—
Prior lien
Western
106
82
M-S
inc
Ref
Marie
1st 4s
Kansas & Texas
Mo
Co—
Ref
102%
104%
100
M-N
j-J
79%
1955
A
impt 4%s series A
102%
M-S
A-—.1971
1991
inc ser
rntge 4s inc ser A
4V2S
mtge
&
81%
J-J
&
65
1949
A
" A-O
..1966
1st 5s
Z/t'Ref
r>
J-D
2.424
North
88
*101%
J-D
'
107%
oa/.
1.776
7%
113
3s
78
1939
23 '/a
5%
1st gold 4s_1996
rel 5s
1974
85%
108
A*'Con sol ext 4J/as
18%
7'/«
J-J
series
conv
107%
227/8
Norfolk
68%
100
ft
Ry
4%s
mtge 5s
107% 107%
M-N
& Ont Pow
Southern
M-N
J-D
106%
84%
*49
;
M-S
RR
83%
*105%
fSAMilw & Northern 1st ext 4»/as—3939
102%
f§ANorfolk Southern
Gen
*100% 101 Vi
JMinneapolis As St Louis RR—
A 1st & ref gold 4s
5
1G4
71%
78
31%
1943
Falls Power S'/as
mtge
52
A-O
94
16%
112
108
68'/a
82
62
48 'A
101 y2
106 y2 107
M-S
50 y4
807
103
Michigan Cons Gas 1st mtge 3V2S_1969
fii A Midland of N J 1st ext 5s
.1940
470
1st 4yas..—.1946
*§AN Y West & Bost
99
60 Va
1967
B_
series
Niag Lock
J-J
A Ref
gold 5s
3%s
Niagara
M-N
451/4
1.070
,..1940
107'/8
16%
111
34%
1937
5s
107%.
M-S
—
impt 4Vbs series C
tMlni. Ct
gold
106%
100
61%
1993
:
4V2s.__
99%
A Gen
16%
62 y8
65
1955
gtd 4s__
cons
94%
1979
&
3y2s
3%s—
gold
gold
1st
Y Telephone
74%
/-A
46%
J-J
tSA'N Y Susq & W 1st ref 5s..____1937
1st
103 Vi
308
71
N
72 Vi
M-N
66
31%
105%
NorlOlk
A-O
65%
62'/4
65%
1041,4
102%
"63%
M-N
Y Queens El Lt & Pow 3y2S._.^.1965
Y Si earn Corp 1st 3%s.._-.
1963
100%
;
46 y4
1992
1
4s...
Putnam
8A2d
1
*
354
69%
N
&
110
,'yy;
65%
•
33%
120%
93%
41
,
65
62%
!
M-N
102
1951
1952
1st
60%
61%
65%
J-D
Y
107%
A-O
Si Drain 5Vas- ...1950
Side El (Chic) 4s._1938
West
Rof
& West ref gold 4s
AGeneral
M-N
Wat sew
4vietrop
Miunigan central—
Jack Lans & Sag
60 %
64%
64
N
J-D
Metropolitan Edison 1st mtge 2%s_1974
45%
45%
92%
118%
*113
1955
94
125
68'/«
107 Vb
100
A-O
deb 3'A
Rtorps
65
92
104
104%
106 Vi
Stamped
McCrorv
61%
61
64®'s
•
J-J
1954
105
\]
1927
4S_;
102%
A- O
i
s
46
1967
4s
ref 4%s series of
&
1st
103%
•noi%
1947
Shovel
44
71%
109
1st
105 '/a
M-N
Steam
65
92
109
104
100
1959
Marion
91
62%
fAHarlem River Si Port Chester—
*102%
M-S
Manila RR (Southern Lines) 4s
77
J-J
a
-TOG Va 107
funa__Peb 11957
5
A-O
1271/4
105% 105%
I960
19G0
86
92
92
/•-
A-O
..1940
122 V*
107'/a 107 Vi
—1946
A.
71
88
' M-S
„
1948
6s
105% 105%
105%
107 lb
1955
ser
20
87
1957
6s
Gen & ref 4%s series A_...
Northern Pacific Ry prior lien 4s
Central
110%
65%
72%
64%
105% 106'/a
2003
AManila Elec RR & L.t s f 5s_.—1953
A
deh
3 Vis
119%
4s
Manati
certificates
"7
\
Maine
103
101%
M-S
..1955
AN on-con v
7
106
*100%
'•
1061a
..2003
.Atl Knox & Cine Div.4a_
108%
102
*109'/a
M-N
1954
ATerminal 1st
...
104
108% 108%
*109%
M-N
1947
3Vis
%
1
'•
104% 105%
106
■'.L
deb
deb
46
119
104
■V105 Vn
.2003
D
series
__
115%
111
J-J
.1947
110
•
107'/a
119
:
4s...._.
ANon-conv
'
51
deb
AN'on-conv
,v
:
—
*109% 109%
Hinfl1
113y4
109 y4
4
J-J
..1973
32%.
107
107; ■"
107%
M-S
A
'■run
No
113%
113
Range for
Y'car 1944
Sold
Hiun
Haven & Hartford RR—
New
V
ANou-conv
85
;; 33
107% 107%
A-O
1969
4s—1945
gtd
;g-:
gold 3s.
.*—.1980
Mob & Montg 1st gold 4V2s
1945
South Ry Joint monon 4s
1952
,
4'/as series B
90%
113
" M-N
West 4s series A__*..1973
123 VH
«•
v
F-A
1951
Unif mtge 4s series B ext...
Paducah & MemJDiv 4s.._
:
Lack .&
Y
Bonds
Friday's
Bid & Asked
F-A
2043
2043
series B_
106
109'/4 109 Va
8t Louis Div2d
-
82
*127%
M-S
•"4 1st & ret 3%.s series,E
'
N
/ J-D
1949
I
245
M-N
,1949
B
series
1st &.ref
1948
gold 5s
gold 3V2S-.—.,—2000
;90
.
119% 120%
—.1949
3ViS—
& Nashville
rel
56
.
946
'
1962
...
5s. series
Jeff-Bridge Co
&
Harlem
&
751
A-O
1963
Ark
%
2003
.——.1949
Gas-& EleC
f ist
M-N
49'/2
(P) Co deb 5s__—
Louisville
86.
51
gold 4s
Louisiana
&
84%
57%
a_—
j.w-_
Louisville
Lou
84%
118
•
53%
debentures
3s
82%
ext 5s_1951
series
jjeu
stamned
Lorillard
80
2003
1st 50-y'r 5s
Guaranteed
4s
80%
56
modified
Long Island unified 4s
'
F-A
—2003
Liggett & Myers Tobacco 5s
,
Y
88
65 :'vr
u
or
Sale Price
'
J-J
2003
registered.
Miaui.
10
■
1954
modified
& Eastern
& Pow
Mtge 4s series A
Mtge 4S
,91%
% <rm
00
bj.%
N
1
93
'"65%
.7
*88%
1950
ext
Lehigh Valley Terminal Ry
v.«t,ue
71
90% '.'91''/'.
90
99%,
100
84'/a
Last
Interest
t;
Week's Range
Friday
..
Low
RR—
5s stamped
.
vPeriod
ANon-conv
4 Vis
Y
■4l/as. stamped modified.—,
4 %s registered
Lex
F-A
1974
./
7 f : '7>
*91%
-V
5s—........1974
Leh Val Harbor Term
Lehigh
99% 100%
F-A
——_1964
stamped
86
*99'/a
100'/a
1964
stamped——
1st &
•
F-A
1954
sink
ret
•.
'■
Stock Exchango
Purcnase money gold 4s._—;
—1954
stamped
5s
.
fund 5s
sink
ref
5s
York
■/
Lehigh Valley Coal Co—
1st &
BONDS
'
:
New
Range for
No.
.
13
■
-
.
Year 1914
Sold.
Uioh
Low
:hJ
V
Bid & Asked
227
89%
16
102%
105%
105
104%
105%
2
101%
105
87
89%
14
59'%
87
86%
89%
51
,58%
86
89%
82
58
86%
2
106
107 '/2
121%
123
106
*122%
106
86V2
THE COMMERCIAL &
228
YORK BOND RECORD
NEW
.
Friday
1
Interest
Last
Period
Sale Price
UuiL
r^rtland
.I960
—-—1950
extended to
1st 5s
■
1st M 3V4s—_->-1966
3V»s
_1977
Pressed Steel Car deb 5s
__1951 s
J A Providence Securities 4s__._
.1957
El
Potomac
1st
Pwr
mortgage
j A Providence
1st dt
ref mtge 3 s
-1st
&
ref mtge 5s
1st
,
1968
1972
&
ref mtge 8s
-
106
113%
103
17
83
31%
109%*
113%
100%
10
101% 102
105%
:
107%
vX -5
•—-V.i
30%
1964
deb
*149%
1997
1997
1958
.—1960
ref 4'/is series B
Remington Rand deb 3%s__—
ttevere Copper ft Brass 3y48
Gen &
147%
150
224%
Terminal
t§ARio Grande West 1st gold
A 1st cons & coll trust 4s A
Gas & Elec Corp—
4VaS series D
mtge 374s series H
mtge 3%s series I
mtge 3V4s series J
100%
mtge
Gen
Gen
Gen
Gen
103% 104%
106%
106% 107%
97
28
56
107%
101%
103%
Third
*125%
44%
149
*110
79%
76
99
72%.
v.
Tol
—
MS
111%
107%
22%
20
21%
19%
12
20%
33
21%
,
22%
252
J-J
81
A-0
Oil
2.004
-
'
gen
gen
&
&
1st
F-A
M-N
M-S
106
28'/a
40%
39%
43'A
45
28%
39%
>
I
109
v
75
78%
89
75
F-A
46%
Cons
46%
M-N
94%
96
V;
:
__
9E%
:J.
42%
128'A
96%
135
75%
179
21%
."■■42
20
-
88
36
42%
43%
43%
42%
44
59%
58%
60%;
58%
58%
59%
40
58%
60%
153
84
18
42%
28%
J-J
;
•
J-J
102
102
.66
66
ioi
A-O
5
100%
1
52%
F-A
102%,
70
103
105 74-
103
103%
105 %
106 Va*
123
:h 103%
*103
V
J-J
"8
106'/a 106%
*126
Co
_2
108% 108%
109%
97%
98%
423
69
MS
93%
93
94%
205
66%
92%
91%' 94'A
496
65%
106'A
103 Va
100
108
103%
2
107%
107% 108%
13
106%
111
101%
101% 101%
54
100%
104%
102
80
100%
91%
432
65%
1950
A-O
gold 3%s„2000
.1948
mtge 4s
1st ref gtd
93%
93
Apr
Apr
is
:
100%
F-A
A
88
12
68
89
46
56
10
95%
'100% 100%
64
70
25
70
♦103%
94
92
60%,
38%
102%
98
Q-Af
F-A
1945
1950
1967
J-D
•117% 118%
J-D
*107% 108%
106%
1966
J-J
1952
A-0
J-J
guaranteed 4s
Ltg 5s stpd gtd
1st 40-year
3%s
mtge
Power 3%s
Penn
Maryland
ref
&
—
5%s
series I
1st 4s
A
4%s inc ser
Pac
100 Va
101
101
119
109%
109
112%
109% 109%
4
106%
105% 106%
104
88%
105%
106%
106% 107%
13
98%
107%
May
98 %
9874
106%
106% 107%
96
21
J-D
105%
105 Va 105%
.98
Af-S
105%
105'A 105%
93
635
Af-N
241
93%
Co-
Telegraph
1950
t. 25-year gold 5s_.
1951
30-year 5s
;
1960
Westinghouse El ft Mfg 2VaS
1951
West' Shore' 1st 4s guaranteed
2361
Registered
———2361
Wheeling & Lake. Erie RR 4s^.._._1949
Wheeling Steel 1st 3%s series B
1966
Wilson &, Co 1st mortgage 3s
1958
J-J
1960
J-J
1949
J-J '
M-N
1st 4s
Central 1st 4s
ACertificates. of deposit
t A Wisconsin
:
-102
102
83 %
J-J
;
8314
107%
10074
107'A
101
102 V4
81 %
V.V *'
-
102% 103
A-O
104%
117%
104%
117% 117%
80
82%
;
V
■i.:
«...'i
2374
227a
*12%
258
; •
*106% 107
J-J
*107%
105
117'A
57%
80 34
60 Va
74 Va
'
-'T474' '24%
14 Va
25
A-O
10174
116%
4;V
390;
103
91»«
6
•
m 83 %
77
111%
110-
42
:
80
53.1
'
■
<2274
1968
.1971
5574
126
8lVa
*10914 ::LA-
102%
JASu.ft Du div ft term 1st 4s—1936
ACertificates of deposit...*.
Public Service 3%s
108%
302
X
1
97
.
.
78%
MS
MS
85
1
Wisconsin Elec Power 3%s
101%
'
.
C;'
101 Va
117 Va
II'
*99%
F-A
1977
A——2014
series
..
'V
90
102
106
18
•
;.I. HO'/a
X 10774
—
111
92%
Jf-B
97%
M-N
.91%
93'A
A-O
106%
106'A 106%
105%'
105% 106'A
99%
101%
5
J-J
•<\ 264
;
9i'A
Youngstown Sheet ft Tube—
107
1st mtge s f 3%s
J-J
125
126
A-O
A-O
118
73%
21
92%
96
104
118%
118
J-J
.VfV
116Va 116Va
J-J
1972
*106 Va
J-D
M-N
—
119
119%
108%
5
52
;
delivery sale
not
105% 10574
15
X
101% 106
In the years range,
Included
§Negotlabllity Impaired by maturity.
tThe price represented Is the dollar quotation per 108pound unit of bonds. Accrued interest payable at the exchange rate of $4.8484.
107'A
112'A
106 Va
4
110% 110%
'
—
97 Va.
Deferred
115
1007a
10674
10774 107%
10774
'
100%
1 :
109% 109%
109%
123 =' •'
105
193
97
114%
114
114Va
50
126%
96
96
A-O
;
d Kx-interest.
e Odd-lot sale not
Included in the year's range,
n Under-the-rule sale not Included In the years range.
rOash sale
not included in the year's range,
y Ex-coupon.
a
J-J
M-N
1960
series D
1057a
J-J
1964
4s__
111%
90
93
M-N
1968
Pub -Serv
; 113
106
104 Va
105% 106
Washington Term 1st gtd 3%s_—_1945
109
105'/a
»106V*106%
J-J
;
1st
Winston-Salem S B
106 Va
"
Southwestern
Walworth
124t
i—
1981
1991
series A
mtge inc 4%s series B
Funding & real estate 4%s
102%-.
100
3
.
ipc
4s
mtge
Western -Union
62
103% 104
112
106
-1971
A-O
W
Western
54,
..
113
*109
J-9
1st
77
23%
-
F-A
-
99'A
Wabash RR Co—
Western
56%
23%
30
104
10574
97%
ml 41.
>'.99'A
MS
West
2774"; 55%
16
101% 102
101%
99
1966
56
70
;
.
109%
101%
"2
105'/a 10514 :
A-O
Gen
40'A
'46%
83%
31'/a
10874
110%
1958
1st gtd 5s
5s
cons
Westchester
' 40'A
43
31%
106
*108
41%
29%
is
Washington Central Ry 1st 4s
88%
44
31
107Va
J-J
Gen
f 88 %,,
: 43
94%
29%
1117a
107 «/a
107 V*
2003
Gen
68
.
43
'
10714
& Southwest
105'A
43%
262
107%
19
■
*103% 105
; 1st mtge 4s series A
104%
&&81
:, ioi
96%::
94%
107
;
*
43%;, as
19
96
"
B_
Virginian Ry 3%s series A..
126 Va
.*95%
95%
107
102%
Af-3
Warren RR
A-0
1027-a
Va
103%
*128
10614
14
12
107
r
•
28
IO6V2 106%
10614 106'A
Va
102
28
104%
106% 106%
ref mtge 3s series D
—1974
Iron Coal ft Coke 1st gold 5s—1949
__
104% 105%
105%
Pwr 3%s series
79%.
107
30%
234
106'/a
102%
V
-
82%
38%
92
*104JA
jf-a
53
80
108
RR cons g 4s
f 4s series B
s
Elec &
1st &
87 '/a
__
43%
■
A-O
i-><
77%
70%
*109%
Stores 5s
3%s
Pictures
Vandalla
Va
107%
70%
1
89
78%
..
97
10
108% 109
20%
103'A
:3';=:
112% 112%
1968
3.195
43%
■
ref 3s series C
104'A
1957
44%
1951
1st
*103
1955
39%
1994
1956
1958
1958
i990
gen
Div
Mem
J-J
V ■;;V
97% 102%
89%
94 -
52
J-D
1968
1969
1981
1950
1955
6%s
1
gold 5s—
St Louis Div 1st gold 4s
Southwestern Bell Tel 3%s B
Devel
112 -:
v;; 17
_*
104% 104%
series A
series A
Drug 3'As debs
Wisconsin
6s__
1967
V *17%
99'A
■
series A
4s
103%
107%
110%
7
111% 111%
■/
Af-S
36%
J-J
-
&
/■*_' ;'
F-A
1959
2
J-J
(Oregon Lines) A—.... 1977
&
111%
A-0
1959
grant 4s
3%s deb"
Universal
Pacific Co—
Devel
Af-N
debs___
100
56%
A-O
Devel
101%
10"6
105%
54
A-0
Div—
Bouthern Ry 1st cons gold 5s
104
120
106
V-A
49
A-O
Stamped V"
104%
■
—
*—
*104
1958
United
49%.
J-J
.1952
ref gtd 4s
*102%
MS
J-J
1945
5s_—
land
100%
*82%
*
96%
A-O
36%
1959
Term 1st 4s—;
55%
7
101%
A-O
33
M-N
1950
Oil 3s debs———1964
Pac RR 1st
91
30%
A-O
1952
32%
3%S:.*.——1962
debentures-,—>—.
«
—1979
San Fran
71
88
675
104'/a
104
J-D
1949
1953
3s deb
Calif
mtge 3%s
1st
Bell Tel ft Tel
Gold 4 «/2s
>
gold 4s„1946
gold 5s
57
1955
16
A-0
South
1st
1st
90%
52%
J-D
1950
4s
89%
53%
J-D
95%
—
Elec
3%s„I960
90%
A-O
1980
727
gtd 5s——1963
1st 4%s
,
•
—
J-J
I960
Jan 1960
1st
*104
Ref
59%
195u
Gold 4'/as
Buff
ft
J-D
106 Va
55
Northwestern Ry
Gold 4%s_
3%S—1974
10614
55%
43
Skelly Oil 2s debentures—:
3s
New Orl
of
M-N
55%
MS
.1941
Southern
102%
A-0
55%
,1961
South
102
J-J
51%
.1954
South- it Nor Ala RR
104%
10274
Pacific RR—
&
95%
3
F-A
Bocony-Vacuum
102%
103%
102
J-D
1971
51%
F-A
&
102%
80%
A-O
1980
1947
59
1935
& PacUic
70%
6
1979
D
1970
55%
.
Co debentures 4s——
102%
144
C
series
35-year 3%s deb
J-J
.1935
Chic
128%
81%
77%
,
59%
City
115%
96
76%
62%
8
92%
M-S
See
27
130
series
debentures..
1st
J-J
.1933
Sioux
of
34-year
48
92%
US
Simmons
106%
132
132
102%
u
106
63
100% 100%
J-J
1950
uujjvoiv-.
105%
A-O
Union Electric Co of Mo 3%s
108%
"I
81
=
100% 100%
Af-3
Trust)
A Ctfs of dep
(Chemical Bank)—
A 1st cons 6s series A
—1945
A Ctfs of dep
(Guaranty Trust)—
Ui
105
101% 102%
101% 102 %
f§AUnion Elev Ry (Chic)
95
Louis-Southwestern Ry—
1st 4s bond certificates
1989
A 2d 4s inc bond ctfs
Nov 1989
SAist term & unifying 5s
1952
AGen ft ref gold 5s series A__—1990
Bt Paul ft Duluth 1st cons gold 48.1968
MASt P & K C Sh L gtd 4%s
1941
Bt Paul Union Depot 3'/bs B
1971
Schenley Distillers 4s s 1 deb
1952
Scioto V & N E 1st gtd 4s
1989
|Seaboard Air Line Ry—
IJbVxCl. IdAAGa-uCOi
Ham
106
104%
*77
Af-N
ISt
jASeaboara All Fla 6s A ctis
106
lOe'/a
16
45
J-D
'
91%
106'/8 107
United Cigar-Whelan
*__
deposit
5 A Refunding 4s
A ctfs of dep (N Y
113
105% 106%
25
105'/2 106
■
106%
1977
Tri-Cont Corp 5s conv deb A
104%
33
104% 105%
105
J-J
1st mtge 5s_
1959
St L Rocky Mt & P 5s stpd—
1955
}St Louis San Francisco Ry
A Prior lien 4s ser A
1950
A Certificates
of deposit
----A Prior lien 5s series B
1950
A Certificates
of deposit
---ACons M 4%s series A—
—1978
A Certificates of deposit stpd
§A4s gold stamped
.—
A Certificate of
deposit
,118
111
__
105'A 106
United Biscuit 3%s debs
A-O
i9J->
gold 4s unstamped
of deposit...
2000
*106%
'
—
•
Af-N
54%
11
91
58%
56
21%
J-J
1968
ACertificates
—
106
A-O
110%
39'A
*108% 110%
58%
J-J
L Pub Serv
i A 1st
gold 5s
Cent ref ft impt
Trenton Gas &
111%
Union
St
1st
St Louis & West
Toledo
•
'•
MS
Grand Island 1st 4s
1947
Bt Lawr & Adir 1st gold 5s
1998
2d gold 6s
—
JSt Louis Iron Mountain & Southern
River & Gull Division
§ A 1st 4s stamped
A Certificates of
5s
117
2
MS
1934
1949
1941
Ltd 1st M 4748
111
F-A
1959
Ry 1st ref 4s„
income 5s
Toronto
ft
Jos
ref 5s
Ohio
ft
3s
St
120
111
J-J
'
—_1965
Ave
A Ad J
81
49
100
MS
*117
J-J
1953
deb
3s
Tenn RR
Pac
Union
Baguenay Pwr
gold 4s
Texas Pacific-Missouri—
—
99
M-S
ft
ft ref
107
104%
*104%
79%
107'/a
94%
*107
A-O
Louis 1st 4%s
fARut-Canadian 4s stpd
tSARutland RR 4¥as stamped
Company
Gen
105%
94
5
106% 107
1949
t§AR I Ark &
f
debentures
3s
Gen
104
—1977
1967
1967
1969
Rochester
s
Gen ft ref 5s series B
J-J
*103% 104%
of St Louis—
Assn
Texas & Pacific
Af-N
4s__1939
RR
refund
Texas
99%
100% 100%
J-J
105%
105%' 107%
102% 104%
3
J-J
Tenti Coal Iron fr RR gfen 5s_—_1951
224
—
Ref & impt mtge 3%s series B—1974
Tixarkana & Ft Smith 5%s A
,-1950
J-J
105%
■
107%
Gen
J-J
102
103%
20
■/:( * 9
110% «
106%
—
*224%
l-O
1951
4s
106%
100%
110
11
107% 108
R
Reading Co Jersey Cent coll
Gen & ref 4%s series A
104%
106
Af-N
■
104
; 40
105% 106
106
GO
1
102%
:
105% 100'A
106
High
49
32
60%
103% 103%
J-D
M-N
:
Low
.103% 103%
106%
J-J
debs,—1959
Superior Oil 3 %s cfebs———1956
Swift ft Co 2%s debs
1961
Year 1944
—
*110
J-J
Hiun
59%
F-A
Oil Corp 3%
Sold
No
Bid & Asked
60%
•
J-D
:
.
.
Q
Quaker Oats 274s
Apr
Range for
Bonds
Friday's
or
v
Sale Price
Period
ASpokane Internat 1st gold 4%s_.2013
bianci Oil of Calil 2%s debs
1966
Standard Oil N J deb 3s
—1961
2%s debenture V.—...—,——1953
Sunray
;;
30%
V
98%
♦100'/a
J-J
AT-N
J-J
J-D
2037
2037
.*
102
99%
101
Last
Interest
LOW
100
33
107% 107%
*113'/a
*
86
3
.
High
17
103
103
Low
AO
•.
97
103% 103%
Af-N
MS
1956
Terminal 4s—.
Gas 3V»s
Pu1>lic Service El &
95%
J-J
MS
J-J v
J-J
F-A >'
J-J> j
Week's Range
Friday
:
V: />"■>
Year 1944
Sold
Stock Exchange
New York
Range for
Bonds
Friday's
or
Bid & Asked
LOW
:_1964
inc deb
Uen JSlefr 1st 4%s
5%
Co
Pittston
BONDS
..
Week's Range
-
BOND8
JAN. 12
FOR .WEEK ENDING
RANGE
New York Slock Exchange
Monday, January 15, 1945
FINANCIAL CHRONICLE
^Companies reported as being in bankruptcy, receivership, or reorganized under
the Bankruptcy
108'A
110 %
v
-
• Friday's
ABonds selling flat
111%
Section V7 of
Act, or securities assumed by such companies,
bid and asked prices;
sales being transacted during current week.
no
•
.
•
....
.'.
.
NEW YORK CURB EXCHANGE
NOTICE—-Cash
and
week
footnote
in
following extensive list
a
Jan. .6,
and
ending
in
the
include every security,
present
furnish
we
Friday
whether stock
or
a
(Jan.
complete record of the transactions on the New York Curb
12,
1945).
It
is
"TOCKS
York
V.'
Curb
'
ACF-Brill
Aero
Wire
Motors
co
warrants
Supply Mfg class A__
Class
3%
4'A
3,400
2874
100
10%
4%
10
2%
22
Sep
27
Dec
Jan
26%
Oct
21
Jan
300
19%
2,000
3'A
Jun-
5'A
Air: Investors
Convertible
■
(N J)
1
2
common
preferred
footnotes
see
page
2%
..10
'
For
12%
233.
1374
3
.
Friday
0,:-
Exchange
York. Curb
.
Sale Price
6%
Feb
1074
Dec
5,400
x8%
Feb
13%
Dec
Jan
3
Oct
Aireon
Mfg
Air-Way
Alp.bama
Corp.^_.__.
Electric
Great
Appliance...
Southern
Sales
Range
for Week
Shares
Low
Pit
.■
Week's
of Prices
Last
HWA
Sep
774
3
50
<3%
7%
8
3%
4
2,600
103% 106
50c
310
89
1,000
2
35
Jan
35%
Jan
.
$6
preferred
I
—
Alles & Fisher common
Allied
Intl
Investing
*
-1
•
$3 conv pfd
Jan
8%
Dec
Apr
4
July
Jan
102
Mar
117
10
114
Feb
119
Nov
106
117
•
preferred.
.
2%
117
106
20
104 % Mar
109
Nov
•
Alabama power Co $7
Range for Year 1944
Low
Hrglt
2
18,500
Dec
1,400
474
1074
"
Air Associates Inc
High'
'
20
v.""''
Range for Year 1944.
Low
Exchange itself, and is intended to
12
STOCKS—
Shares
3%
19%
4%
5
common
JAN.
New
High
27%
1
Mfg
of Fricea
Low
_1
B
Ainsworth
Par
_l
WEEK ENDING
for Week
10
common
FOR
Sales
Range
Sale Price
'
■'
Acme
Week's
Last
Exchange for the week beginning on Saturday,
current year.
bond, in which any dealings have occurred during the
Friday
Exchange
when seHlng outside the regular weekly range art shown
compiled entirely from the daily reports of the Curb
RANGE
New
RECORD
delivery sales are disregarded In the week's range unless they are the only transactions of the week, and
which they occur.
No account is taken of such sales In computing the range for the year.
In the
in
the
deferred
YEARLY
AND
WEEKLY
;
6
,
41
41
.
;
50
8 Va
July
Jan
8% July
43%
Dec
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4351:
Volume 161
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING JAN. 12
STOCK*—
Week's
Last
.-
Sale Price
Par
Class
A
common
conv
30'/a
Lou.
ma»
32%
650
22%
30%
,
31%
200
41%
»_
preferred——_—<— ..100
Aluminum- Goods Mfg——*.-.
Book
American
20%
-.-.a.—
..l
.100
Co.
9
Dec
Dec
110
2% Mar
iy» Jan
Dec
13% Aug
Jun
3ff
50
50
Dec
45
Dec
150
35%
Jan
4%
2,300
1%
Feb
39%
38%
39%
4,400
35%
Oct
40%
Dec
37a
ft
%
6,000
ft Dec
1%
.1,550
15%
Jan
19
12,600
26%
Jan
33%
18%
18 y«
19
31%
33%
49
114
Jan
Oct
Sep
5
49
.
5'/»
Jan
9%
Dec
34%
Jan
43 %
Dec
"
41'4 Jan
25
24%
21%
24%
5,750
Laundry Mach—
American Light & Trac common
6%
preferred—
American Mfg Co common—.
20
25
34%
33
34%
500
Xl8'/a
17%
18%
4,000
25
100
26%
26%
56%
52%
56%
48%
Dec
14%
25
American. Hard Rubber Co——
19 y2
Jun
19
Sep
27
Aug
58
Dec
100
25%
35%
Apr
Jan
88%
Feb
—100
Potash & Chemical
American
1%
1
...—*
•
Co—*
Maracaibo
American
American Meter Co—*
Seal-Kap
American
102% Aug
200
42%
44
133/4
15%
27,400
5%
6%
2,900
%
%
11,400
common
%
123
Apr
48
10%
Jan
15 '/a
Apr
3%
Jan
5%
Jun
ft
Jun
July
% July
105
May
124%
Dec
14
Jan
20'A
Sep
18%
19%
3,600
4%
4%
1,700
3%
Jan
4% Nov
6
53/4
cT
1,700
4%
Jan
7% July
4
3%
4
2,000
2% Mar
18%
19%
525
;
21% .22-
■
111%
4S/g
3%
13
„
22%
2%
Apr
8% Aug
4% July
5,000
474
13,200
3
May
93,400
3
May
2,000
9%
Jan
20
97 y8
Jan
22
Sep
113% July
112% 112%
•'
23%
Jun
5%
10%
Dec
3% Nov
Jan
10 3/4
4
5%
10%
10
Arkansas Power St Light $7 preferred-*
Aro Equipment Corp.—————2.50
preferred
19
Dec
Dec
106%
140
734
7%
4%
2% Mar
800
111% 112
7%
18%
500
3
3
i
;
-
22%
7,800
7% Mar
23%
Dec
13%
12%
13%
600
7%
Apr
13
Dec
1
9%
8%
9%
25,300
5%
Jan
California
Callite
Electric
Tungsten
Fire
Canada
dep rects reg—.*.
6%
>
-
—
"l
%
9% Nov
Jan
1% July
3% July
300
2% Mar
8%
9%
23,600
64%
9%
65%
200
2%
2!/2
Atlas Corp warrants———
Drop Forge common————5
11%
11
Plywood Corp.—-1
Automatic
Products
————1
Automatic Voting Machine
•
17%
17
Atlas
7% Nov
31
12%
Feb
Dec
3*/a
.".; 9% Apr
3% Feb
Oct
11%
Nov
19 «/2
5%
2,400
6,200
Nov
64
Jan
1% May
Jan
5,700
11%.
18%
*4
94%
Jan
75
.
Dec:
'
16%
16
17%
5%
If
Avery (B F) St Sons common——5
6% preferred——
25
17
17
vr
5%
3.400
18%
A% Jan
ioo
r v•
125
18%
B
700
Dec
6% July
700
12
May
21 Va
Oct'
25% July
16% Dec
Feb
9 V«
Jan
Power
Insurance
Cement
Participating
Canadian
Class
B
Purchase warrants
I
Co
30%
33%
12,000
10%
12%
32,800
10%
non
3%
16*%
1%
common.———-•
(L)
Dec
Jan
41 %
July
Jan
11%
Dec
;
%Jan
9 '
U % De c
Jan'
2
.9,800
$1.50 convertible
Bellanca: Aircraft
SO-
7
4
.
6%
.*
preference
10,600
July
9%;
9
934
20
20%
20%
29
30
Llm-\r '
;
500
63%
Oct
Jan
9%
Dec
82*/a
6%. Jan
14 % Mar
500
30
5%
5%
50
574
21
2,900 :
Apr
23%
.
Jan
1273/4
.
:
; ;
Feb
30
1%
a
#
53% Dec
144
Apr
37
Apr
% May
45
12
Jan
4,100
15
1
15
300
Nov
Nov
7%
143%
9,400
6%
Feb
6%
Feb
10%
Dec
16%
13%
■/.-14
V
*.—*—.——•
common
6,200
11%
Apr
16%
Dec
^
"
Bliss
(E "W)
common
16%
1
.1
—
Blue Ridge Corp common
Borne Scrymser
Bourjois
Co——
Inc
.-.—25
....1•
*
—
Bowman-Biltmore common
3%
voting———
16
10%
&
Carter
7%"lst preferred—.
$5
2d
——100
Breeze
Corp common-.
7.
'.
—1
—
■'
Brewster.
■-
Aeronautical-..
.
Co
Bridgeport Gas Light Co—
Bridgeport Oil Co—
i
•
Brlllo MfgCo common..:
——————
Oil Co
York
Central
Power St
Power
Am
American
Celanese
Steel
:
Chief
Light 77c
pfd
Class
I
A preferred—......
Corp
$5 prior preferred——
Brown Rubber Co
(E
Bruck
Silk Mills Ltd
L) Co
,
$6
60c
comraon...
...
;
Controller
Clark
Neon
Clinclifield
Cockshutt
Dec
Jan
333/4 Nov
12%
200
10%
Jan
13%
Dec
1%
5,000
%
Jan
l*/a
Dec
43%
24
33%'
Plow
6*4
2,900
.
Colonial
For
footnotes
see
page 233.
•
Colt's
.1
13
12,600
9%
300
7%
16%
50
13%
97
800
32%
14
25
6V2
Jan
50
•
10,400
%
90
92
85
1,700
17*/a
17
12% Nov
"17% Mar
92%
Jan
119%
300
8%
Jan
119%
190
85%
Jan
9
9%
2,300
6%
Feb
12% May
111% July
9% Jun
7
Jan
95,100
1974
21*4
'
•
2134
l%
1%
*
18
550
s4
29'A
28%
29%
v
200
11
4
•
—
—
4
4
12%
4%
5%
8,800
9%
9
9
5%
5%
39%
6%
-
—
73
.76
Co
1/64
28*4
Apr
■'
mm'-
——
;
56%
•
Nov
Va
1074
6,000
-
9
■
—-•
Jan
Jan
Feb
-
—■
—
■'
;
—
—
.>:
.
18% Aug
..-vr-ti. ,.45*%, J.an
5%
5%
300
3%
17
5%
6
6
1,200
3%
Jan
May
Feb
Petrol
21
203/4
.
Dec
(Md)__
;
Dec
20
Oct
,6
19
Dec
Jun
6% Nov
Detroit
4%
36*4
6,400
10%
21
10%
21%'
;
'
•
•
—1
9
„„ _ _____
Gasket St Mfg—
preferred———
*
1
Oct
Dec
Detroit
De Vilbiss Co common
10
Nov
3%
7 7a
Steel
22%
500
97%
Feb
113
Dec
Am
9Va May
12
Jan
Divco
—10
Products.—
preferred—
Diamond,Shoe
10% July
Apr
3,100
18,800
I'A
1
Apr
9
Jan
15
Dec
80
IOO
Apr
111
Dec
109% 109%:
.
.15%
8%
2%
%
:
2,950
%
9*4, Jan.
3% Jan
.>
:
400
9%
900
.
V
2%
2%
84
88
2%
-
21%. Dec
.
6
12
Apr.
.5%. Feb
8%
Jan
14
35
1% Jan
8,100
180
83
Feb
550
23
Jan
•
Dec
ii Feb
Apr
2% July
Aug
3% July
36% July
Dec
2
July
"•-17% July'
% Jan
8,400
<
3%
34
88
7% Apr '
22% July
% Jan
28%
15,300
1%
7,600
:
>9% Nov
11
28% Mar
1% Ffeb
37 a
Jan
3%
Jan
9%
Dec
10% Jan
17%
Nov
1,700
9%
21,600
~3%
3%
3%
3,900
"2%
2%
23/4
8Q0
2
38
27
28 3A
29,100
16%
16%
>100
3%
Jun
1
<•
lo'
100
3$
28%
.
12*4
Jan
24
■
26
Apr
.
Feb
Dec
Nov
4%' Oct
52
Apr
3*4 Jan
Oct
26%
19%
:
Dec
Dec
1978 Nov
2%
15% "ii
11
Apr
4%,
Dec
8 34
750
May
13%
Dec
Dec.
I % July
...
——
.—10
common..*——**—.—"
Co
.
17%
6*4
6*/a
Jan
15 Va
31
33 Va- Jan
30
6V4
Mar
3 */2
2,500
2,000
-
Jan
bee
36'/a
*.
Dec
23%
Jan
2,950
Dec
16'/a Dec
.
,
6
Dec
■
.65
.
■
■
"
—
9*/4
9
Va
16
16
—
1%
1
6
—
%
53/4
27
■.•
'
18
14%
-Jan
135
May
5*4'Jan;-
16
Jan
6
1,600
ft..
18
1434
f, '
3*4
July
1% July
6% July
Jan
Jan
.
*■
29
Oct
Jan
26%
Dec
10%
100
I^
18
7.4
.
22
27
133/4
Jun
21
19
2,<600
.
10% July
•
127a Feb
500
1%
—
*
Dec
113
—
——
■—*■
86
9%:a> 4,200
16
—
.
Jan
Feb
10'/a 4Feb
20*4 Jan
150
13 Va Mar
2,900
18% Oot
9% Aug
•
16
Dec
17
July
*■
dep rets ord reg——
Corporation
17
24%
37
534
.
363/4
16%
:
—-—10
Distillers Co Ltd—
Dnbeekmun
24
23%
23%
—20
Dec
92%
Jan
1%
:
4,100
—100
35
14%
iu% ii2y4
11% ii%
10,100
12
35
—
Gray Iron Foundry—
X
Detroit Mich Stove Co common———1
11,200
2,600
3,900
5%
.
3
Oct;
Apr
2% Dec:
25%
—2.50
common
Diana Stores Corp..—.——
•
109%
*
common...
Derby Oil & Ref C o r p—1
4%
10%
934
'
Jan
<
9%
(Mo)
debenture———
67c
21
1%
5%
9%
Detroit
Nov
600
115
15*/4 .15%
5%
15%
10%
—
Nov
.10
24
24%
1:
10%
Dejay Stores
.1
Dennison Mfg class A common——3
$6 prior preferred
—50
"Oct
.
May
*—5
"2% "2%
26%
25o
Class A convertible-
26
Jan
50% Julyv
•
-6*/^,. Jan
-
•
Davenport Hosiery Mills—
Dayton Rubber Mfg—
24
Jan^
3,700
Sep
Sep
111*% Aug
674 Aug,
.'r-4%: Jan.
32
Jan
5,700
2,175
:
Jun
Feb
44-7-*'Feb'?
1%
6%
,9%
9 % NOV
118 %
114%. Jan
l'/a
preferred
25
Refining common—*
•
$6
preferred
,*—10
Cuban Atlantic Sugar..—
5
5,000 .;d."?l5%'MSep^
77%. Jan
21
104
80
-
Aug
70
Feb
convertible
23 y8
200
6%
8%
113%
140
45*4*. 46%
9
28%
Crystal Oil
24%
36
6%
46%
—50
Crown Drug Co common
21%
~4%
110
Jan
63% Feb
1,400
;
:
38
.\"
-
International A
24%
•
108
._5
Cent
Cork
22
400
108
4
200
69%
117
Dec
134 Mar
Jan
Nov
.V'2%
«•-
1% Aug
12%
37% July
:
Nov
Jun
133/a
.
Sep
Dec
A July
27*/a
Dec
16
Sep
12 %
' .4 '-, '
30%
18
—
7%
68%
116
1
*
Crown
Tobacco
9%
••
116
87
Crown
Lighting Inc
> -*
ml
—1
Crowley Milner & Co
Curtis Mfg Co
Dec
80*4
Apr
9%
100
33 %
7%
—5
Curtis
.10 '
mm
Petroleum
Cuban
23
~
9*A
Brewing Co—
Dec
'
V
7%
69%
—50
,
15*/a
—«.
Jan
Va Mar
*
preferred—
4,500
'■
6*4
47% Mar
Feb
.
dep receipts (ord reg)—£1
173/4
53/a
9% Dec
y
1/64 July
20%
450
%
•
15
Courtaiilds Ltd—
n7»
Feb
'
1,800
aa
29
%
—
V
..1
—
common—.
17
1% May
21V* Jan
6%
32 Va Aug
U ■1,010
76
-
1/64
29
25
1
———1
& Reynolds
preferred A
convertible
Oct
July
v
Corr'/on
American
Dec
4%
12
Apr
2*4
2,600
*
17
.>
29%
■
Jan
3% Nov
2,500
3,400
37%
5%
38
Jan
10
-200
-
Jan
2% May
100
12%
'•
Mar
22% Jan
1% July
9% Nov
4034 Dec
Jan
4
2,800
Dec
9
Jan
3,600
10
——.—
Petroleum
Nov
3,000
9%
Cook Paint & Varnish Co
Jun
7,500
1% Nov
116
116
wan ants-
Copper Range Co
Cornucopia Gold Mines——..
$6
Dec
13
91
30% Jun
—
Nov
4%
38% Aug
12%
375
preferred—————100
Consolidated Royalty Oil———10
Consolidated Steel Corp*—.—
•
Consol Textile Co
.100
Continental Fdy & Machine Co
— 1
Continental Gas & Electric Co-;
77a
prior preferred—
—100
Cosden
NOV
12
122% 128
8%
534
4%
Deo
-.v..
Mining St Smelt Ltd—5
Retail Stores—,—
,1
213/4
4%
120
Jan
18%
Dec
Nov !
18%
Jan
i
36*4
4%% series B preferred
—100
A7a preferred series C——.—..-100,
Consolidated Gas Utilities——....1
Jan
9% May
9% July
11
Jan
1
'35%
'
•
Coro Inc d_
Aug
Jan
.
8%
Consol G E L P Bait common.
Consolidated
July
Jan
50
Dec
5
Apr
35%
preferred
Consolidated
120
„Apr
% Jan"
3% Sep
"
Oct
v
1946
Biscuit
9%' Jan,
.•
8% Jan
5
Community Water Service——
Sep
1%
Dec
Jun
9%
preference ———100
extended to
106
3,600
14
~1
.—*.25
Commonwealth St Southern
c
121
36 */4
Community Public Service
t
Jun
600
35
35%
•
Colombia Gas & Electric—
57o
May
*
—
Arms
9% Dec
.
7%
13%
112% 112%
I
Fire
Jun
Nov
96% May
700
100
Co
Deo
16%
22
:
3% May
«
Airlines
Patent
Jan :
May..;
10
—
Jun
115 Aug
7 Va Mar
*
-
Dec
9*/a
10
120
V 9
17%
-
Dec
118
20
5,700
8
16%
Colorado Fuel & Iron warrants.——
1
11%
;
ordinary..
17%
111%
4%
123%
common-.
8,000
•
Oct
,
12
48%
112
•
Co
3,500
4%
Dec
29
,
50
1$ "%
4%
5%
%
1
Corp
Utensil
20% " 21%
—J—•
%
Feb
May
300
;
,
104% 105%
:i3
•
Development
Colon
Feb
115
Jan
2% July
17
119%
10
Lights Inc
Coal
14%
7-%
105%
-1
100
Co
Aluminum
Club
73%
Jan
144
Jan
i.i2% Dec
10
-
Clayton & Lambert Mfg
Cleveland Electric Illuminating—
24%
Buckeye Pipe Line——.
...'Ju—*
Buffalo .'Niagara St East Power—
*
$1.60, preferred—*...
—4—23
$5 1st .preferred—
Bunker .Hill & Sullivan—
.2.50
Burma Corp. Am dep rets..—...
IS
«'•
———_5
common—
City Auto Stamping
City & Suburban Homes
2,100
80
Jan
.
41
100
"-:; 24
m 9
8%
.
-1
preferred
preferred B—
preferred BB—
•
J—1
common
Bruce
Dec
12%
110
114
14%
50c
Cities Service common
l
....
Dec
5%
1% Jan
100
100
Mining
§Childs Co preferred
11%
British Columbia Power class A..J—•
' Class B
Brown Fence & Wire common
44*/2
114
1
Consolidated
17% July
IP/4 Dec
40%
••
..10s
Brown Forman Distillers...
100
pfd—100
Proaucts—
Chamberlin Co of America
uaaris
Jan
Ltd—
Amer dep rets ord reg*
22,200
I
24
Cherry-Burrell common
5
Chesebrough Mfg
:
25
Chicago Flexible Shaft Co common—*
Chicago Rivet & Mach
4
103/4
—•
dep rects ord bearer..——£1dep rets ord reg—
£i
British
5%
Jan
7% Aug.;
,*'
com
Central & South West Utilities
Cessna Aircraft Co common
1,800
470
Jun
24
Feb
108 */2
.1
Hudson Gas & Elec
Ohio
16%
Tobacco-
Am
114
10
of America
Central
Croft
Class ; A—.—.—.—..—..—*
British
2%
17
•
.
Creole
v:/
Sep
4% Mar
•
.*.1
pfd-
Oct
"
British American
200
43%
preferred—*
5%
Dec
115
7V2
100% July
Jan
4%
144
•
21%:
V.
6%
2
*
com
Central Maine Power 7%
4
74
42
.
500
16%
& Co
Corp
Central
52
123/s
1
21
50
6%
x23
Central New
Jan
10%
7% Mar
9% July
Jun
20%
7% Jan
(J W)
Catalin
Jan
' -9.
.....
26
6*/a
S
Products
1%
1%
45%
•
Sep
100
.100
common—4—-—
(A M)
43%
114
V
preferred..
7%
8-%
class A—
Co
Co
Casco
1,000
"
Brazilian Traction Lgt St Pwr
Jun
26
...
Carolina Power & Light $7
$6
preferred
5,400
■
•
20%
,
374
•
.
":
,
July
'
15%
•: "
114
50
20
Class B
Carnation
51%
3%
.
9% Sep
Jan
4%. Jan
100%July
—•
—
City Products—
Carman
51
'
•
—
15%
51%
optional convertible preferred.
•
Blumenthal (S) & Co———*—.*
Bohack (H C) Co common—,
•
7% 1st preferred——100
$3
5%
8%
....25
—,
4
•3% May
.5% Apr
200
-
6%
preferred:
Capital
5 7o
Blauner's
Dec
Nov
3
Aug
15% Aug
13% Dec
•
com—*
Hep
10
Aug
19% July
28% July
35
•
—I
Blrdsboro* Steel Fdy & Mach Co
Oct
Apr
2%
>:
Bickfords Inc common..——•
17%
Jun
4
'
65
:
Benson
Berkey & Gay Furniture
Dec
2%
Alcohol-
——
1
—100
& Hedges common
Convertible preferred...
Feb'
13
'w
—20
preferred-.
common
Bell Tel of Canada*—
16%
__
Mills Inc common———10
Beaunlt
2%
2,700
.4,800
8
20
5
———
Canadian Marconi—
■
7% 1st.preferred
—100
Beau Brummel Ties.—*————1
-
12
St
Baumann
Jan
Jan:
7%^
7%:
Dec
Jun
GVa
200
50
-3%
;, ■■ 3%.
SeClig Mfg—
$1.20 convertible A common
5
Basic Refractories Inc———1
Barlow
U%.
v
12
_
Steel Corp——————i
7%:
voting
Consolidated
■
American .shares——————
Barium
30%
6%
20% Feb
los Andes-
de
Banco
33%
11%
1
.
6% \7%-
'■V 7%.
Ltd
Industrial
A
Class B.
$3
39%
7% preferred.
Baldwin Rubber Co common—
i8
%
600
Conn Gas St Coke Secur common-.—."
11%
for common.
High
Jan
5% Jan
Canadian Industries Ltd—
V
Babcock St Wilcox Co.
7%
10
—1
—
Corp*—....
Compo Shoe Machinery—
Baldwin Locomotive-
4
v,
—
'
ii%;
24%'
;
::
24
1
Ayrshire Collieries Corp—
Jan
%
'
Associated Laundries of America
Apr
4% July
6%% preferred
—100
Canadian Car Ss Foundry Ltd—
Claude
£1
•
Associated Tel si Tel class A—....—•
Atlanta Birm St Coast RR Co pfd—100
Atlantic Coast Fisheries
1
Atlantic Coast Line Co..——...—50
American
8% Dec
Industries-
Associated Electric
-
Americain dep rets 5% pfd——£1
Calamba Sugar Estate.-.——
Oct
Oil St Refining Co..
Ashland
3
1,400
Nov
5
:
400
2%.
4% Mar
10%
115
Works common.—
Art Metal
4%
2%
32
4%
Inc —
———-1
Arkansas Natural Gas common.
•
Common class A non-voting..
•
Atlas
40
650
Jan
19%
Argus
6%
22%
">' 100
120% 123%
1% NOV
Oct
Sep
11,500
31%
14%
——
1%
31
43
10
2
Amer Superpower Corp com———10c
1st $6 preferred
——
—•
$6 series preferred
—
•
American Thread 5%
preferred—.—5
American Writing Paper common
♦
Anchor Post Fence—
—2
Anglo-Iranian Oil Co Ltd—
Am dep rets ord reg_*___——— £ 1
Angostura-Wuppevman __
1
Apex-Elec Mfg Co common
—.—*
Appalachian Elec Pwr-4%% pfd—100
Republics
American
1%
31%
4%
2%
Wireless—
&
Castle
—
2,300
2Va
Jun
34
Apr
25% Feb
16 Ve July
> 700
.
Low.
3%
Voting trust certificates-.———50o
Cables
July
200
43
~
Dec
350
9%
8%
42%
107
275
111% 112
—— -——100
common.—10c
preferred
—1
$2.50 convertible preferred
—1
General Corp
Range for Year 1944
High
3%
■*
Cable Electric Products common—50e
Jan
33
Low
3%
—
50
Jan
5% Jan
46%
preferred.
Preferred
Dec
»,
4%
convertible
American
15Va
90
Jan
■;;..Par
Dec
Aug
45%
Cyanamid Co common.—10
Foreign Power warrantsAmerican Fork" & Hoe common—.—•;
American Gas & Electric
».—-—10
Shares1
Dec
20
1
Jan
7,700
49%
for Week
.
Aug
May
-
28%
760
13%
8'/a
37y«
115
4%
American
$2
2%
50%
12
Sales
Range
of Prices
Friday
Exchange
Burry Biscuit Corp...
12Vac
Butler (P H) common——.——25o
Camden
1
................
Jun
73 %
200
>
,
49 'A
American &
4% %
2,600
> 1,350
48
13%
—25
A———
American
20%
2%
,
Central
Class B
100
93%
,
31
95%
Mfg.——.— ....1
Amerlcan Citles Power & Light-**
Convertible class A———*. ...25
-Class
17
90%
Jun
109% Feb
18% Feb
Ij400
-20
31
27%- Mar
11,800
■
Feb
Apr
8% Dec
::ioo
American Beverage commonAmerican
41%
113%
•
90%
Ltd common..*..*...
preferred..——
6%
113
20
.Jim*
Aluminum Industries common*...
Aluminium
37%
113%
6%
'Vv.;.,;-..;.:..
man
23%
Altorfer Pros Co common—*---
Aluminum Co common——,
Week's
Last
T U U k S
New York Curb
Range for Year 1944,
31
31
...25
.
—
Shares
Sale Price
for Week
Low
(Mich)——*—. .—10
Allied Products
.Range
of Prices
Friday
V
New-York Curb Exchange
:
Sales
■—*—_*.
common
13
>—£1
Mar
1
11%
11%
11%
3,000
53i
22
20%
22'%.:
1,200
10%
Jan
-14 V2
Jan
J
-■
Nov
21 Va
Dec
»
.
Mondays January 15, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
230
NEW YORK CURB EXCHANGE
RANGE
Last
Range
for Week
Sale Price
of Prices
Shares
Exchange
Curb
WEEK ENDING JAN. 13
Sales
STOCKS
York
New
FOR
Lots
Par
New
York
Curb
Sale Price
;
for Week
Shares
Low
■
8
Range for Year 1944
>;
BUM
8
Par
High
Lout
Sales
Range
Last
Exchange
Range for Year 1944
HUM
Week's
of Prices
'
Friday
STOCKS
Week's
Friday
Lou
:
High
'
class A com—-—1
Domestic Industries
'
4%
4%
Nov
6%
July
Horn
(A C)
22% May
25%
Sep
Horn
& Hardart
8% July
9% Nov
Horn
&
4%
300
:•
'
Bridge Co Ltd
Steel & Coal B
Dominion
Dominion
Chemical Ltd
Dominion Tar, &
Textile
Dominion
Test Corp
Duro
class B
Hosiery
Durham
Texas Sulphur
Duval
6%
'ZZ
50
1.150
9%
**9%
3%
3%
5%
31
63
Oct
Hubbell
(Harvey)
Feb'
80
Aug
Humble
Oil & Refining
Feb
39%
Dec
Hummel-Ross
Feb
83
Dec
Hussmann
300
3%
Jan
10
Dec
2%
Jan
\
3%
26%
9%
500
12%
Jan
1st
Dec
2
i
V'
Fibre
Corp
,—
Ligonier
Co—
5,
(—
*
'
23
11.
■
^
*—
1
25
Dec
45%
Jun
Jan
6%
Jan
2%
Jan
4%
400
20%
Jan
32%
Dec
3 %
July
3%
Dec
9%
Jan
18%
Oct
30
16 %
r-8
4
.
.ZZZZb
-
Apr
Apr
Sep
1.000
—■
dygrade Food Products
113%
Aug
2.200
4%';,;.
;i
29%
Dec
17%
3.300
11%
,4".
29%
Apr
31
Jan
38 %
'
•4
119
4,500
<
7
a'A
.
.
110
Oct
9
;
;
500
.45%,
.
••'7%
-7%
10
:
.
24
;
44
'
-
I—Zi
; 113
113
' Vi
qr'-V
45,
*
preferred
Electric Securities
Hydro
1:
5
Inc.*.*.
Huyler's common
4% July
13%
Jan
July
25%
325
31
31
:
..100
preferred-
Oct
3%
100
116
Hardart—
1,600
10
12
12%
Jan
—
Baking Co
67
100
39%
,
Feb;,-r
common
63
80
74
40
•
—1
•
common
common
6'/a
—
--
—-10
*
Duke Power Co—
1
80
—*
,——
Karris Co
Driver
\
; —;
•
*
Ltd
Co
Corp
Draper
*
25
—
Co
300
.16%
Sep
xll% July Doc
.
.
E
preferred
6%
Oct
1%
Feb
82%
82%
83 Va
925
56%
Jan
85
Dec
5 %
.100
49%
48
49 Va
2.025
32%
Jan
52%
Dec
Dividend
Eastern
States
25
24 y2
Jan
35
Nov
,25
Malleable Iron
Eastern
Corp
2%
2%
prior preferred,
4%%
2%
3,700
100
Gas & Fuel Assoc common
East
■ajJ.
'
j
2%
33%: 33%
i
2.700
%
Mar
.1%
„51
33%
Jan
53%
Dec
51
375
33%
Jan
52 Va
Dec
46
7.950
35%
Oct
48%
Feb
8%
:9V»
3.400
"9%
10%
109.200
14% May
7% Jan
18%
10%
11%
Sep
95 V4
preferred series A
—
preferred series B.
Sugar Associates—
—1
$5 preferred
•
Easy Washing Machine B——
*
Economy Grocery Stores.*
95%
95%
700
83%
Jan
97%
Dec
1%
1%
50%
50%
$7
50%
$6
8%
•
preferred
preferred
$5
$6
—
r»
■
2d pfd A—.
warrants—
_i
Electrographic Corp—
——
..15
Elgin National Watch Co*
Power & Light
Electric
Co
2.800
08%
Jan
99%
46%
Apr
73
%
.
;,%
1.100
i56
Dec
12%
35%
36
17%
15
17%
51%
49
8%
100
12%
36
..50
conv
52
30
225
Emsco
46%
475
Equity
Corp
preferred
:
11 %
11%
•
11%
Pipe Line common—_—..
Eversharp Inc common
Eureka
Dec
51%
Dec
44
Feb
10.300
1%
1%
1%
44%
43%
44%
9%
1.400
31"%
Jan
%<
Dec
.1
47
48%
52
Fairchild
Camera
•
1
1
1
& Inst Co..
& Airplane
Brewing
"
Metallurgical
Fansteel
Fedriers
Mfg Co
Federal
Compress
34%
Apr
Feb
60%
Dec
International
Class
A
Jun
4%
Registered
Feb
17%
Dec
51%
6,200
10%
7%
1,400
14%
B
67%
66
67%
23
22%
23
22%
22%
Jan
Feb
13%
Dec
11%
Sep
V Dec
56% 'Apr
160
Nov
53
5% May
25% Mar
67%
4%
—
Apr
6%
19%
Feb
23%
JUn
100
19%
Jan
23% July
1
6
1,500
2
Jan
5%
B.
Razor
Safety
Utilities
Corp
23
Aug
31%
Dec
32%
300
3%
3%
500
17%
200
16%
Aug
2,800
10 Va
Jan
21%
62%
J?ov
84%
Nov
19
Feb
Gen
vJas
General
56
56
40
37
80
80
80
100
68
I
Julian &. Kokenge Co
&
Elec
$6
Inc—
Feb
79
Nov
Kings Co Lighting
7%
3%
3%
1,400
1%
Jan
4%
1%
1%
1%
600
12
Jan
1% July
(Walter)
Dec
common
preferred B
common
preferred
7%
7%
18%
-
132
136
90
—
101
102
60'
79%
84
84
10
74
■
,,
—
2%
2%
94%
preferred D
Products
5%
7%
Jan
22%
Oct
15%
Jan
20 %
July
10%
11%
8.300
7%
Jan
10%
Jun
19%
18%"
19%
12.100
16%
Apr
19%
19%
19%
100
16%
Apr
19V4 July
11
12%
7.600<
11%
2%
2%
Co
Gladding McBean & Co
Alden
:
100%
15%
17%
900
17%
90
Dec
2% July
Gorham Inc
$3
20%
12%
Co
1st
10
13%
Grocery
)
Gulf
100
52%
Nov
115%
Dec
Jan
Jan
May
Gypsum
Lime
&
Stores
Brewing
15%
7%
I 16
Mar
Feb
11% Mar
•
$4.40
Jan
Lane
Wells
Co
88%
15
.
87
-
-
pfd
12%
Oct
82% May
40
8
Feb
4%
Jan
Jan
•
8 %
14%
Nov
Jun
Dec
93% Mar
136% Aug
130%
Oct
29 %
Jan
8%
■
Jun
350
37%
Oil
9%
10
Co
preferred
27%
Hartford
ctfs
;
1
2 -,
J
4
Hat Corp of America. B non-vot com._l
Hazeltine Corp
•
Hecia
lis
common
preferred
25c
Rubinstein
common
...
5%%
preferred w w
Henry HoJt ft Co participating A
Oammon
Hewitt
(R)
&
Hollinger
Hormel
For
Co
2.50
common
class
A
G
M
Dec
Dec
6IV3 July
55
Feb
4
July
9
Dec
,
.
% May
1% July
16% July
Feb
15%
Mar
Dec
17
—
16V2
200
54
120
99
53
17
50
:
9%
100
8%
18%
Feb
Jan
16
Oct
Dec
50
60
84%
Feb
96% Aug
300
9'/b
9%
-
7%
Jan
9% Mar
570
16Va
10,800
4%.'
4
4%
7Vs
6%
7%
"6%
; "•
~7%
62%
100
1%
A—
Class
B
'
—
Lynch
107% Nov
111%
& Light
22
11%
9%
10%
11 Vs
8 Va
9%
1
$6 pfd
Apr
15%
Dec
Feb
14%
Dec
Feb
28%
Dec
7
1%
Jan
3%
Jan
23%
''
'
Oct
r21%
Nov
r21%
Nov
15
Feb
1,600
18 Vs
8
Jan
6%
Feb
109%
Jan
9,200
34,900
7
•
July
6
Jun
Power
Oct
Dec
22%
600
'
21%
10
common
Exploration
&
Oct
1%
31%
,
Dec
' 18% Nov
11
Nov
9
Nov
114
Oct
Dec
10
Land
Apr
Dec
10%
V*'../
-J.'"'-"'
8
Chain..,:
Lone Star Gas Corp
Louisiana
.—*
-
—
_
Steel
6%
8
75
10
*
'
Locke
Dec
Jan
ft
2,900
,-'-r
27
26Vs Aug
100
,
-
18%
•
common
Groceterias
25
700
3H
30%
•
Feb
21.900
1%
1%
__
Feb
14% July
Jan
Aug
1,800
60
Dec
Dec
110
Mar
—
—
4 Va
8
Jan
Jan
Jan
5
V{.
:
"3%
Brothers
9%
-
—
Dec
Dec
18% July
Feb
21
"3
Lit
Loblaw
2%
105 Vs
600
67%
65
Jan
2%
1,400
14%
13%
1
12
Jan
Nov
57
11,200
(•;'r?v;■ V-
1
Inc
(R G)
63
65%
15%
h
37
1,260
64%
63%
65%
65
16%
14%
Louisiana
600
5%
10%
Corp
8
common
26% Mar
200
33
33
—
.
34%
Dec
M
optional warrants
convertible
Oct
Mapes
36
—
29
%
4
7
31%
7
2
4
450
20
.
9%
23
5
Jan
-
6
Dec
Marconi
29
Nov
56
Nov
1%
2% July
100
2%
4%
7%
1,200
5 V4
7%
36%
3,100
26%
34%
7%
3,300
3%
preferred
Mfg Co.
Consolidated
2%
2%
1
—
14%
*
—
—
•,-fv _.-r V",
2%
Dec '
1%
400
Jan
5%
3,600
3^
14%
Feb
16
"Jan
102
Dec
35
Dec
81
31
Oct
Oct
~r
10%
25
10,700
100
49%
6%
10
11%
90
Jan
9%
104% 104%
Jan
103%
Nov
Mar
20%
14%
page
233.
Co
1
£1
—
.;
May
Dec
v
t
v
Chapman
&
20%
6Va%
A
:
preferred
27%
Oct
Messabi Iron Co—
6%
Dec
Metal
—
——100
10%
17%
Dec
20%
20%
600
18
May
22 %
July
38%
1,400
24
Feb
42%
Dec
9%
10 %
7,$00
Metropolitan Edison $6 preferred
Michigan Bumper Corp,.
Nov
11%
Jun
Michigan
Steel
Michigan
Sugar Co
8%
15%
15%
50
13% Mar
17
Dec
14
50
12
Jun
13
Mar
39%
40%
20
33
Jan
40
May
,
,
'.
Tube
Preferred
Micrqmatic Hone Corp—
•
■
3%
1
2.50
9
1
45
•
1,500
••
45
"
3
8%
6V2
2Va
1,100
Feb
Jan
8% Mar
5,800
130
Jan
10
H Jan
■
1,300
•
Nov
".26
Jan
Jun
■:'v.4%
Jan
138
3%
1,700
Jan
41
250
Jan
6
24,300
%
200
99
25
'
Jan
Jan
Sep
Sep
1% Mar.
8 %
Jun
8% July'
'.'14 7 8
Dec
165
Oct
4% Julv
94
P°c
Dec
14%
Dec
4%
110
4%
Aug
Oct
1%
Jan
2%
66,40
Jan
4
May
Jan
44
Aug
Jan
116
Mar
36
110
10
3%
1,600
2%
Dec
9%
800
4%
Apr
6,100
1%
1%
8%
8%
87/a.
14%
500
6
Oct
5
15
200
-
-
--
1%
•
10
'
»
14%
* ' ■ ,4%
101% 101 %
4%
5/a
•
—•
5%
Corp
Participating
13%
*;
r
:t-r.
._V"
500
Textile
14
.
—1
...
500
Jan
'■
■
'
——.25c
preferred,,.
15
6%
20%
14%
-
-V'4"',-23
23
j.
Z ': 8%:.v^'8%^ 8%
•
Scott
Warrants
19%
Aug
i
'
T;""
v
—
~5%
3 %
•
•
1
Merritt
12
105
Mass Utilities Association
37%
6 %
__
f-V-
*
Ltd
Dec
Dec
Dec
14
•
Marine
Oil Corp—
Marion Steam Shovel
Dec
Dec
9% July
Jan
Jnternat
Communication
Margay
1%
1 4
Massey Harris common
•
; ".'8% ' ; s,8
8%
McCord Corp
——.—* fr. Y%,":^-7 '
7%
McWilliams Dredging
-*
!y14%^:/ 12% 14Va
Mead Johnson & Co
• *;;150150 ; 155
Memphis Natural Gas common
:
,.5
'. vv"' 4%. 5_ • •
Mercantile Stores common
•.
•
9!
92' 4
Apr
7% July
41%
"
—
47
2,900
__
10%
4%
Xl9% Mar
•
& Co common
footnotes see
Dec
,H%
::
Sep
■■.
12
14%
Dec
•
common
Inc
(Geo A)
■
10
Consolidated
Holophane
Horder's
Co
Feb
15
33
v'.
Feb
4
600
14%
Dec
6%
12
5
common
Heyden Chemical
Hoe
2
100
1
Rubber
2%
3,200
1
14
Nov
«
„
Co
maCa
•
Class A
Heller
8.800
'
9
14%
8Vs
25
55 Va
1
...
50
Mining Co
Helena
124
Jan
'
27%
55%
25
voting trust
Brewing Co
Dept Stores
July
9% Mar
14%
11 Vs
■
Rayon
b%
120
200
1,250
8
50
9%
Dec
13%
—
25
Development
Mengel Stores
9%
Nov
21
—
Corp
Feb
8%
Ltd
Paper
Electric Light
Hearn
-
Material Co
Lionel
3% Mar
3,700
8
111
Jan
31%
10
Lipton (Thos J) Inc 6% preferred—25
Line
200
13%
110% 110%
4r*n
83
150
12%
Convertible
.da,SS
400
37
7%
j
Bridge
43%
•
Le Tourneau
Jun
7-
20
118
9
1
*
Leonard
Jan
137
36%
100
Alabastme
Hartford
Harvard
common.
Realty common
Nov
x40%
30%
4,400
j.:-.
U
5'/a
"
300
89%
135
common—25o
Co
Hammermill
;
B
Jun
110
Jan "
400
7%
13%
'J
.
44
41%
14
1,500
Jan
30%
3*
.
1
5
100
104
'
109% Nov
13
1
Ltd...
Shore Mines
10
8%
118
118
•—
15% Aug
—
Feb
Oct
Feb
—
Feb
92
38
9
7%
87%
18
100
J!
Lakey Foundry & Machine
Lamson Corp of Delaware,
Lane Bryant 7°/c preferred
Jan
Vs
70
10
500
43
108 % 109%
105% Nov
100
100
1
deposit
Lake
Oct
$5
Hamilton
(N
of
Certificates
Dec
52
H
Lamp
preferred
Co
RR
Lackawanna
Manati Sugar
Hal!
1st
convertible
4%
Kreuger
;***
Nov
110
9%
49,700
Oct
,100
3%
14 y4
31
Dec
5%
43%
13%
%
Dec
13%
Jan
3%
Lefcourt
110 Va 110 Va
5%
Jan
2%
104 % 104%
108%
Langendorf United Bakeries class A—*
\-V
2% Apr
5
2,200
43%
Oct
%
6,500
8,700
:S'8-;>:
Dec
'aai,*,■
5%
5%.
5%
8%
55
25
Products
Utilities
Aug
1% May
13%
4%
12
5%
!„ 3%
19
100
Paper
Stores
State
11
Jan
lft Dec
Jun
Apr
*
Greenfield Tap & Die
•
7%
300
Nov
Jan
Tea—
stock
preferred
Northern
1.000
1
20% July
Oct
Apr
1
8
1%
10
5%
13%
10
Great
9%
48%
37 Vs
8%
Pacific
Oct
% July
Jan
50
1,000
•
common
17%
75.
13,500
common
Non-voting
475
.,'■1
1
Aug
20%
1,800
19%
class A
Great Atlantic &
21
~9%
30%
% Mar
1.400
%
'
9%
52%
Gorham
t
Feb
7
1.500
20
25 %
18%
Grand Rapids Varnish
Mfg
'%
1% July
Jan
25
17%
%
53%
49%
t
Gray
Dec
Feb
24%
19%
t.
,
Dec
52 %
Dec
10%
1
Mines
preferred
Mfg
25%
Aug
52%
51%
•
Consolidated
Aug
48
2% Mar
95%
51% Mar
12%
Inc
Kobacker
Mar
111
'
•
preferred
$7
18
150
53%
•
Coal
B
Goldfield
2.100
52
Kresge Dept Stores—
Jan
8%
■
;
Oct
Class
<
Aug
28
24%
•
Godchaux Sugars class A
Class
3:
Jan
23
19%
10
1
•
Rubber Co
(I B)
Oct
Feb
•
Glen
Dec
1
•
Knott Corp common
Jan
41%
•
i
1%
1.300
2%
Jan
13 V»
7 % May
52
27
Ltd—————3
common
102
1%
225
Kleinert
Co
140
75%
111% 111%
Emil)
(D
Jan
180
1
•
8% May
Jun
96
Klein
Lake G M Co
Knkland
Nov
Jan
115
•
,
"
100
1
3
—
Petroleum.,—
July
21% July
3,000
2%
94
7%
Jan
%
•
16
Jan
11%
700
19%
•
Preferred
Feb
136
1
•
•
Jan
3%
2,400
8
19%
6%
Shareholdings Corp com.
preferred
Gilchrist
Dec
100
5
100
pfd B
Kingston
Kiiby
12%
£1
1
10
•
•
Geoigia Power $6 preferred
$5 preferred
Gilbert (A C) common
-
Dec
3.500
—•
*
Lamp A
70%
1
•
Gen Water Gas & Electric
$3.
Dec
91%
20%
preferred—100
0
Co
convertible
$6
64
20
Feb
14% Jan
K
Kansas Gas & Elee 7%
&
pfd
100
General Public Service $6 preferred—*
General Rayon Co A stock
•
General
£::
Jan
77%
100
20%
■v.'(Vv-;•>;
Kidde
common
Outdoor Adv
1.450
27
225
89 Va
Dec
Dec
preferred series A
Fireproofing
63%
100
•
preferred
4% July
18 %
10
dep rets ord reg
General
■
3V-
20%
Nov
Feb
Jan
.17'/a
3
Gen Electric Co Ltd—
8 %
1
Jun
4%
100
Finance Corp
1%
2W
0
87
12%
*
Amer
Feb
400
2%
,
3% Aug;
3% Aug
20%
L.
Co—,——
Feb
Alloys Co
General
70
Apr
20%
'
t
Jan
1
22%
106
20%
Glass Co
7%
preferred
General
46%
500
63
1
*
Jersey Central Pwr & Lt 5%% pfd__100
6 %
preferred
100
(F Lj
Jeannette
—•
common
Gellman Mfg Co common
1
250
30
20% '20%
•
Kev Co common
,
Feb
59%
•
88% '
c-om
r
5%
66 Va
2%
■■
Co——...I
Jacobs
Sep
17%
19
preferred——«—*00
5%
31%
■,?*
--
Co
Jan
57%
shs„•
*
10
coupon
Products
Ken-Rad Tube &
Power
Dec
Aug
42%
150
-
•
A
shares
Jacobs Aircraft Engine
Kennedy's
Gatlneau
27%
114%
390
26%
114'/s
Oct
1,200
'
33/8
—\
conv
4%
t—
J
]' Fuller (Geo A) Co
f
6
1.23
dep
stock
convertible
Feb
Mar
57
'.
•
•
of France—
rets bearer
Fox (Peter) Brewing new
Franklin Co Distilling
Froedtert Grain & Malt common
$3
11% July
Dec
Motor
Amer
13% July
Jan
i
voting
Ford
Apr
'
15
50
Equipment.*
1
Interstate Hosiery Mills
—•
Interstate Power $7 preferred
•
Investors
Royalty
1
Iron Fireman Mfg voting trust ctfs—*
Irving Air Chute
1
Italian Superpower A
*
Dec
12%
10
-
**
1%
400
—"
non-voting
Class
•'
9,800
22
10
(Philaj
Ford Motor Co Ltd—
Am dep rets ord reg
Ford Motor of Canada—
v
1,700
4%
46%
46%
10%
—-»
13%
17%
Apr
11
700
50
Industries
Petroleum
International
4 Vs
& Warehouse Co—25
Association
Fire
13
13% July
10%
2.000
12%
11%
Oct
17%
13
4%
--
12%
Va
H4
55
$3.50 preferred
Interstate- Home
Falstaff
'.f"
53%
26
■
__
Warrants
Dec
International
Fairchild "Engine
Jun
&
•
series.
Metal
International
8%
18%
1,300
Dec
6%
9
America,.—.10
North
$3.50
27
..50
2.000
Jan
International Minerals and Chemicals— ;
1% July
44
Preferred
International
Jan
4%
15
12
.100
preferred
Machine
International Hydro Electric—
"'
Jun
Jan
14%
12%
1'
*
*
of
9%
common—1
c
International- Cigar
12% July
1% Mar
575
8%
9
t
v
Common
Insurance -Co
Aug
105
Jan
v
Nov
•
£1
*
Industrial Finance
Dec
July
16%
Sep
8%
300
...1
...1
Esquire
Sep
11%
38
42% Mar
.100
common
convertible
$3
Sep
100
:::b
Derrick & Equipment
Feb
H Jan
11%
6.400
Empire District
Empire
Ireland
•
Dec
17%
13%
—
1% Mar
54
Jan
•
Indianapolis P & L 5%% preferred, 100
6%. preferred.;.
100
<7%
preferred
100
Dec
;;
Jan
9%
5
Indiana -Service
Dec
750
43%
£1
;
Registered..
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
Dec
4%
700
5%
•
dep rets., regis
,
Imperial Oil (Can) coupon
9% July
Jan
72%
98
..10
common—
5
70%
JvV;' 97%
73,
preferred
.100
Electric 5% pfd—
Power participating stock..
5%%
...
•wii 'Ort'&ty
Option
Elliott
40%
44%
Dec
8,200
5.500
16%'
14 i
Industries—
Am
i
."a
& Share common—
Bond
Electric
Co
Chemical
16%
15%
53%
16% ' 17%
15%
—50
ctfs
arrear
15
53
•
common
preferred
Zinc
Imperial
Eastern
-
conv
Dliaois
Oct
250
1%
———-
Illinois Power Co
13
14%
700
3,300
u
6
R 1/.
41s July
10
Doc
Mar
1%
Jan
9 %
Oct
.Tan
15%
Oct
Oct
THE COMMERCIAL & FINANCIAL
Number 4351
Volume 161
CHRONICLE
NEW YORK CURB EXCHANGE
;
STOCKS
•
;
>
"
Curb
;• >
JB
Middle
v t c—
Corp;common..
5
Midland Oil Corp $2 conv preferred.-*
Products—
Midland Steel
'•
-,
■
$2- non-cum dividend shares—
Midvale Co
Mid-West
common
Mid west
Oil
Midwest
Piping
Co.——
.
_•
.'
—
Pictures common
Monroe Loan Society A.,
Monogram
Dakota Utilities
Montana
..
550
8%
Oct
14%
k.
Dec
Pepperell
17%
Oct
Perfect Circle Co
a'A-
27
50
30%
3%
9
20
2,400
.
2,125
>
3%
3%
8,300
1J-J
2%
500
67 %
66.
106% 106%
>27 %
Jan
:> 23% Apr
A: 1% May
8ya Jan
6,100
100
275
15%
1% Mar
Mar
52
Dec
Pitts Bess & L E RR—
Pittsburgh & Lake Erie
Pittsburgh
Pittsburgh
Jan
1151/2
13
13%
9%
3.%
14%
1,200
11%
Dec
28'/2
10'A
4,000
8% Mar
3%
2,800
2%
2%
2%
800
1%
180
182
20% 20%
360
States
—
2
2
300
July
Plough
4% Aug
2% Aug
July
XlO
183
Inc
NOV
Apr
20%
Feb
38 y2
50
18
Feb
__
133
134
* -/-AA-'A >.■' 19
19
2%
14
13% 14 %
•
11%
10% 11%
.....—-——100
..
40
127
Apr
common—_•
Power
Mountain. States Tel & Tel——.—100
preferred—.,
24%
Dec
-.1
/
•
National Bellas Hess common..
National Breweries
;;;
common...
Sep
Providence
Jan
90
Co—
Candy
National
National City
National
National
Refining
Steel
Ltd—
Car
Oil
9%
16%
16%
,
11
17%
,4%
Jan
10
10
Jan
16%
Jan
Jan
14%
1%
Jun
5%
6%
9,100
3%
Jan
46%
1,100
107% 108%
110
14%
38
18%
1,800
Auction Co
112% 113%
A
66%
'
3%
5,900
"".5%
300
>
?
N
Y
,
1st
&%
A
Republic
Dec
Apr
Jan
66% Oct
Mar
44
2</4
750
7%
Nineteen Hundred Corp B
Noma
50
16%
.
19
19%
ft
%
3%
117
-
;
,
~7%
*8%
North Penn RR Co
60
14%
.
-
Ohio
Power 4%%
.
;
common
1,60a
20%
23%
17,000
l'A
1%
5,000
38
__
38
;
Nov
Pacific Gas
May
ya Apr
•5%%
Pacific
1st
>
.
Dec
pfd D
lst
1st pfd
Jan
Paramount Motors
Pen
Oct
NOV
83 %
.
preferred.^....!"
St
13'A
Dec
2%
Feb
St
:aA4%' Jan
20%
Dec
Salt
iya
Jun
Samson
Dec
Savoy
Schiff
%
250
103
Jan
Jan
100
28
123
27% May
100
"!%'
Class A $2
;38% Dec
Jan
39
Dec
A 54'A Mar
Regis
...—
preferred
i
Corp.........
25
:
For
footnotes
——————
see
j.
page 233,
:
Dec
16
Dec
18
♦
Dec
85% July
Jan
Apr
158 V*
Dec
Jan
12 Va
Dec
l7/a
Jan
•
10
1%
Nov
1
•
16% Dec
12% Jan
A Jan
1% Aug
July
500
42% July
24%
60%
Oct
2%
55
Oct
Jan
63
Dec
18.100
1% Nov
900
11'A
Jan
3'A
2% Jan
21% July
725
Jan
9%
7%
61,800
21%
3.500
l'/a
12.500
3%
3%
1.900
H
%
20
-
106%
Mav
12%
17
14%
1
Jan
25
l7/a
24
-
1.700
.15%
48
2,200
^5?
106% 107%
11
•
26ya July
15% Dec
■7'/a Dec
197/a
Jan
% Nov
2'A May
Wa Jan
12%
13
300
11%
l'/a July
17%
18
400
10%
109
Deo
18
Jan
700
3
3
"
7%
7
7%
.
3.600
Sep
15%
'18
Feb
Dec
3'/a July
2% Feb
5
Apr
17%
Dec
l'/a Mar
4Y2 July
105% Jan
13
•
1% Aug
Scovill
5%
Dec
Scranton
Dec
Scranton Spring
Jan
Jan
'
150
103%
4,700
7'/2
Jun
7% A 8%
8
Jan
Aug
12
1,100
7%
27
4%
4%
4,700
22%
25%
23
1,300
110
17%
Mar
rs
Dec
Scullin
Jan
27%
3% May
18 '/2
4%
Oct
115%
10
115
Jan
117%
Dec
114
60
108
Jan
113
Jun
Jan
30
Dec
I
800
-
9'A
10 '/a
18%
Aug
100
8
Feb
300
6%
116
Jan
•
10%
/
^
__
3i
7% Mar
9y4
13
37
1,700
•
;
1073/4 108
.
.1
no
111
15%
13
39
36%
-38%
x22%
900
350
20
x22% x22%
100
__
10%
~934
1 /8
ii'/»
134,800
8%
g%
.100
103/,
iq
46
-
4.Q3/.
29
.
51/,
=1/.
783/j
78%
A
"*174
110%
110
-
403/,
29
,
c 1/
1,200
10
Sep
Nov
Steel
39
Jan
common
6.700
9
2.700
4% May
11% Oct
2.400
lVa Jan
4% Aug
110
6%
Jan
23'A
Feb
88
6%-Mar
53.000
7% Sep
7%
2.700
4.700
4
3%
1.575
37
35%
37
1,200
13'A
7,000
9%
5%
2%;
Apr
-1
*
5%
*2%
v
160
300
11% July
22
July
20
16'A
Feb
l'/a
>
1%
29.400
%
Abr
13%
4.250
6%
86%
84
86%
750
86%
87
300
%
1
5,600
"
10%
10'A
10%
3%
3%
3%
6,000
16%
157/a
16%
87
6
Dec
3%
Feb
Aug
10%
Apr
2%
Dec
Deo
Dec
1% July
% Jan
3% Jan
6%
'
Apr
16 %
Dec
12.
Apr
600
91 Vz
Feb
106
30
110'A
Apr
115% Feb
•
12
—*
2.1
Feb
Aug
lull
cum
Ltd
12%
87'A
Jan
69
1
l'A Mar
Feb
Jan
67
^
Jun
Jan
12%
l'A
Nov
6%
'
12%
5%
3.800
10%
19%
■
12 y2 Mar
48yg
2'A July
61.000
10%
10%
■
Denn
Breweries
95% Dec
-
Jan
"2%
Mining
.—..5
Shawinig'in Water & Power
—*
Sherwin-Williams common.....
29
Shattuck
Dec
Nov
1
"2
5Q0
Seton Leather common.
38%
Jan
40
Jun
114'A
Jan
800
5
Oct
75
Feb
64
94
11%
Dec
3% Dec
Dec
92
1
1
.....
4'A
27 'A Jan
xll2%
Dec
25
Jan
50% Jan
-3%
75'A
86%
——
8%
1% Jan
72
3'A
10% July
1% Feb
1'4
Dec
6'/a
Jan
400
74
3%
2'A
22%
12.500
1
....
Sentry Safety Control
Serrick Corp class B—
Nov
9'A
Dec
Dec
Oct
Dec
Co
...
106
112%
1,000
104% 107
112% 112%
\
9
July
Solar
Aircraft
36%
Nov
Solar
Manufacturing Co
Jan
22
May
Sonotone
32
Jan
50
Mar
Boss
Dec
50
28 y2
Aug
33%
Jan
South Coast Corp
South Penn Oil
17,800
4%
Jan
6'/2
Dec
Southwest
Southern
Jan
78
Oct
49
Dec
300
%
Jan
3
Oct
110%
110
160
94%
Jan
111%
Dec
120
90
Jan
109%
Nov
950
34
Dec
38%
Dec
5%
"
common
13%
7%
,143/a-
,
Dec
19 %
81
Dec
..Aug
California
3%
3%
8
.AVi"
V
—
—
43%
4'A
43'/a
2%
Nov
6'/4
295
Dec
Nov
Feb
5'A
Oct
Jan
112%
"Oct
Jan
17'/a "Dec
15'A
Dec
.15 ...
>3%—,
.10
r-*
Jan
7%
38,600
"
3%
2'/a
Feb
3 %
Apr
1,700
3,800
4'A
Jan
9%
Nov
2'/2 Jan
4
.
Dec
Dec
40
Apr
45% July
28
2,500
Mar
31
■•
July.
44
Sep
3 l'A
31%
400
29%
Apr
32%
Dec
30'A
30%
300
29 'A
Jan
32%
Dec
1%
400
2
July
8 2'A
Dec
37
—
—
Apr
Oct
83
Edison—
Colorado Power class
preferred
20,000
>3%-
8'A
....25
Jan
16%
2,300
,1
preferred
.25
6% preferred B__
—l.
-i.—25
5 y2% preferred series C__——
25
7%
2%
7%
—
—
2'A
229
Jan
12% Mar
13%
common—.
Pipe Line...
original
Southern
90
—I
40%
7,900
274
26
108
1
Corp
Jan
Mar
6%
5%
271
......1
Co..
Manufacturing
Pa
>
100
32
32
convertible
$3
Jan
64%
13% Jan
common..————.——•
34%
275
10%
22%
certificates
16%
•
97/a
7%
,
preferred
..*
Simplicity Pattern common
—1
Singer Manufacturing Co.....
—100
Singer Manufacturing Co Ltd—
Amer dep rets ord regis—
£1
Sioux City Gas & Elec 7% pfd
.100
Smith (Howard) Paper Mills
.*
Jan
1
19% Oct
4 Va May
Simmons-Boardman Publications—
Jan
6%'Apr
11% May
30.000
13
Dec
96%
ii:19'
3% July
1.050
6%
18
92
Dec
109 % May
106'A Mar
10
3%
Silex
"2%
41
Dec
2% Mar
*
Jun
43
79
10%
*
—
Co
100
•
~17/„
110
ic8
.
46
Jan
3%
•
17
7%
38%
32%
■■■>24 >■
A
Dec
6%
6'A
36'/2
35
80
__
Deo
11%
•
preferred
Allotment
Aug
■
9%
.10%
Feb
6
■
•9%
112
30
29%
Dec
18 %
Jan
10
3%
17%
•
Selby Shoe Co—
—.——-*
Selected Industries Inc common
.1
Convertible stock.,—
—4——5
$5.50 prior stock—;
25
24% July
Jan
116
29'/a
9
8'A
3%
—
Segal Lock & Hardware..
—
Seiberling Rubber common—....
Oct
112
29%
9%
8%
-1
25.
25
...
Securities Corp General
Seeman Bros Inc
116
'.
20%
13% Oct
16% Aug
3'/a
—*
Brook Water Service¬
D.ec
115
•
4.100
22%
8
-1
...
Manufacturing—
Elec $6 pfd
Dec
5,400
27%
89%
Sep
i6y8
15%
21
5
common..
(D A) common.
Convertible preferred
14"%
■
.
850
58%
—1
Co
Co
Jan
116
.
18.200
40
.5
...
Oil
Jan
25%
-
1%
17'A
2.500
•
50
Schulte
%
10
__
common
1
Jan
Jan>
8%
149
159
2%
United Corp common
7
115
—"~IIII*
Llght 57 Preferred—*
'a.
11
71 Ya
'79%
78
—10
-
Dome Oil Co..
A 4%
...
Mfg Co
6,000
l'/a
1
...20
prtL.
conv
200
'
$2.80 series prelerred...
•
Penn Gas & Elec class A
com.—Z—~*
!olf
Salt
25
14%
*
Paper common—.....
700
5:
Corp common
—i
Pennsylvania Edison Co $5 series
pfd.*
Pe„n
Benn
May
5
.3
Lawrence Coil. Ltd.
Jan
38
.....
Penn road
P\D°
Dec
17
Oct
7,500
4%
•
pfd.—.100
preferred. A
14%
110'A
Jan
Mar
7ya
107% Aug
14% July
5%
Parkersburg Rig & Reel.—ZZZ~ZI""Z~ 1
Patchogue Plymouth Mills.
'•
Peninsular Telephone common
*
$1.40
Jan
Jan
11%
Dec
13%
25
Co_
10%
93'A
l'/a
1
Ryan Consolidated Petroleum——*
Ryereon & Haynes common..—
.1
5%
A.27%
;25
preferred
Page-Hersey Tubes common
—•
Pantepec Oil of .Venezuela Am shs..—.
Parker
Jun
Hoyalite Oil Co Ltd—
Sick's
Preferred
Sep
118
15%
100
Russeks Fifth Ave.....——...
12%
-
•
....
xlll
200
■
Rotary Electric Steel Co.
Jan
87
1
Pacific Power & Light 7%
Pacific Public Service
-Apr
114ya- Jan
7/a
common..—.
$1.20 convertible
1%
106 y4 106%
•
common
Lighting $5
108
26,500-
17% >
.1
Petroleum Co.
Root
Jan
3%
Jan
52% Mar
163A
...———.100
& EUec 6%
14%
warrants
pfd series AAA...
Sherwin-Williams of Canada
Co
V
18
17
17%
———*
Roosevelt Field Inc...,
Jun
94'%
Feb
38
A
*"!%
4
Securities
Can
Nov
1,400
16'/a
16%
....
-1
*'-
Rome Cable Corp
5%
Pacific
■14%
108% 109 Yt
•
U'u,-■>
1
■*.'A;"-■"
5%
.
Oklahoma Natural Gas common—„15
Oliver United Filters B
....
i.
»
Omar Inc.:
...^
___i
Overseas
Oct
9
20
'
10'/a
Radiator
12%
„
preferred-;—100
1st pfd..
100
1st preferred
»
Ryan Aeronautical Co
10% "Jan
__
Ohio. Public Service 7%
6%
"2%
127% 130
—•
Ogden Corp common
Ohio Brass Co class B
75
5% Jan
50
vorp
111
.
105
12,400
1%
..
.;
..25,
1
«uv*uei*Agene
19%
Dec
May
65
1,450
15%
2
2%
Indiana Pub Serv 5% pfd—100
Northrop Aircraft Inc!
Jan
74%
3,000
A. 23
1
_——
class A
7% Mar
Nov
13
>
156
Grande Valley Gas Co v t c._
9'A
5
Northeast Airlines
15%
2'A.Apr
6,000
90%
15
.
prior preferred
50
North American Utility Securities—A.*
Northern Central Texas Oil
%io
106% July
.
•
,
hern State*■■Powp.if
Apr
Nov
% Mar
10
108
111% 111%
vj."
79
Roeser & Pendleton Inc
Jan
60
74,900
105% 105%
A.
6%
Nor«
6%
liV July
'
89%
.......
Northern
108
■
■
5
—
Goods
Dry
•'«:/ '
Jan
107%
20
1
common..
14
Jan
>
Jan
.:■■.-■■
—10
Rochester Gas & Elec 6%
Jan
13
110
66%
3%
7 %
Light & Power common__l
$6
preferred—
...!•
Nortn American Rayon class A
—•
D
Feb
NOV
11%
1,300
108
65%
.90
,
North Amer
Class
Jan
a'a
100
8%
8%
'
'
>109%
■
Aviation—
Stix
Riohmond
Jan
.3%
,
-
...5
..1
Electric—..—
6%
'
& Engineering..
Richfield Oil Corp.
Jaw
21 y4
%
>
*
;
3%
Rice
3%Uan
300
108
__
—10
——
1%
5
Nov
Nov
—
Mines.
July
55
400
12
12
*
21 y4
102
A.
—
Nipissing
34
Jan
.
.100.
preferred
.100.
5 % 2d preferred.
—100
Class B optional warrants.....
Niagara Share ciass B common
3
Class A preferred—
100.
Niles-Bemenfc-Pond
July
Jan
A
.Air
*
Reed Roller Bit Co
15 y4
112%
19'A
Y State Electric & Gas $5.10 pfd. 100
N
Feb
113%
22
„
.......1
Niagara Hudson Power common
Nov
7
Sep
:
Jun
15
■
Jan
5
Dec
4'A
Jan
5%
■
7,700
Red Bank Oil Co
32
16%
■
.
.
A
2
>■
26'A
11
2,200
Dec
Oct
9
17
—10
pfd
May
15%
Feb
13%
43
13%
Apr
Oct
10%
7%
31%
A
Power &
Water Service 6%
450
%
Aug
12
54
1,900
2%
1;
10
shares
32
13%
...
Jan
6%
$6
Founders
50
50
64%
July
18J/a Mar
700
Light 7% preferred—100
preferred.
• .A-,..
N Y Shipbuilding Corp—.
A
N
.....
1,400
18,900
■
15%
Reliance Electric
104
1,700
2%
66
-
18%
22%
~5%
;
A, 18
300
16%
21%
65 %
18%
.22%
47%
125
Jan
88
Jan
35
Honduras Rosario
Merchandise
Y
Y
22%
113
City Omnibus warrants—
N
.925
65
21 y4
Dec
114
-
Jan
'■AA3'.'
63%
.
♦
&
9,600
7
1%
21
Jan
6% May
...
common...
Y
4'/4
13%
6%
54%
Jan
4%
300
65
1
Y
3%
:/
Radio-Keith-Orpheura option warrants.
Railway & Light Securities
Voting common
10
Railway & Utility Investment A
1
Rath Packing Co. common..
10
Raymond Concrete Pile common
•
$3 convertible preferred—
•
Raytheon Manufacturing common—5Qo
300
9
;j.A„
—23
N
25
12%
'
Jun
5%
17
'
Oct
33 3A
Dec
Apr
A.
*
N
16%
16%
:
Dec
125%
Oct
2% Aug
7% July
Jan
5%
100
Process Co common..
8%
9
.
10%
10
...
.
...—•.
New Jersey Zinc.
—
New Mexico Se Arizona Land
Jan
3'A Jan
13
1,400
1%
Feb
Apr
26
105%
85%
108
•
England Tel & Tel—
Y
Dec
8%
•
.100
.
95
500
14
54%
Quaker Oats common,
6%
preferred.
Quebec Power Co..
July
11%
—
Haven Clock Co
New
Apr
Feb
2,600
New Idea Jnc common
N
,
Dec
12
16
97/a' Apr
1%
preferred—
New
2,200
4%
4%
Dec
6'A
—• >>■46%
New
121%
118
Sep
Dec
100
10%
.30o
preferred.
Nov
12% July
900
England Power Associates
$2
Nov
24
i
44'/2 Mar
Oct
2
10%
preferred——100
•
Nelson (Herman) Corp——
-.5
Neptune Meter class A
Nestle Le Mur Co class A
——•
6%
69
Oct
--
;
Pyle-National Co common
Dec
Nehi Corp 1st pfd
'■it.
Jan
10'A
1}
Pyrene Manufacturing.
1%
24%
13%
14
Nebraska Power 7 %
New
55%
2,650
■
Oct
11
3,000
24
.24%
12.50
Co.—
43
Apr
2,040
100
Nov
11%
12
•
10
Radio..
Dec
66%
"l'A
100
—.
33%
100
12
Oct
9
Jan
20'A
.
$3 prior preferred
Puget Sound Pulp & Timber
Dec
300
16%
11%
National Tunnel & Mines common—1
Navarro
9
9
Dec
4%
25% July
10 Ya Dec
Refining—....
5%% preferred—
Union
12,600
•
National Transit—
Ammonal
3,900
11%
——._*'
National Sugar
National Tea
16'%
11
1.
common
Machinery..—
Nttuunal Rubber
National
*■
43%
15%
■
•
1st preferred
lst preferred.
6%
2% July
Jan
100
43%
16
11%
*
common...
20 Vz
Feb
7
1
Gas
39'A
__
—50c
......—
& Stores
Mftr
•
_—
Lines common
Nawoual Fuel Gao
1%
28
_
2,600
1
Producers Corp
Dec
—
9'A
31
Public Service of Colorado—
Jan
2'A
preferred .————__25
7%
2% Sep
18%
__■■
Inc common.—
Metals of America——
Dec
Jan
6%
19
Jan
3,400
13
——*
—1
14%
liy4
14%
4Va
—,—
■11 "'A
250
4,500
—
Dec
4
4»/a
—
Gold Mining.
Common
—.•
35%
Jan
..
5
Alexander..
&
Pressed
7%
Corp
Jan
1%
65%
w..
Puget Sound Power & Light—
Nachman
July
12 Va
12,600
13'A
of NevadaProsperity Co class B
13%
64
8
3,100
4'/4
> 37/a
:■
120
Oct
100
—
Apr
37%
Prentice-Hall
136 »/4 July
Jan
11% Aug
33% Jan
Oct
5Va
18%
1
Power Corp of Canada—
Premier
1,600
6%
24%
28%
66%
-50
*
—
Polaris Mining Co
6'/2 July
6%
...»
Pratt & Lambert Co
5%
—10
8% May
50
Nov
34% ■'
9 Va
common
Sep
2
_
Scale
Jun
1% Jan
Jan
Sep
Aug
,
9
3%
*
36
12
Dec
9,700
Murray Ohio Mfg Co————
Muskegon Piston Ring—•
Muskogee Co common
6%
15%
:i:
■
4
common
Pneumatic
Dec
May
28%
—
'7
2,500
8'/a
32%
■■■
4'/a
—,
Metallurgical
Plate Glass
Pleasant Valley Wine Co.
Sep
12
2%
6%
24%
Mountain Producers—Mountain
>_
31
Jan
Jan
31
.
Jun
Mar
158%
Jan
Dec
106%
Jan
■
v.
—50
Sep
Nov
..'
——.
Jan
■
—J*
common—..,..
Mines Ltd
III—Is
Gold
High
3%
68
Nov
125
.
9,000
1,400
11%
31
■
7%
Pftney-Bowes Postage Meter...
8Va
165
■..
•
13%
11
-23
Oct
97%
Feb
12%
—
—
pfd—
.——I
70
Feb
—
13'A
53%
700
■■
—
Power b%
,
■
■■
Packing Co..——
Powdrell
.....
•.
Piper Aircraft Corp com—
109%
7
180
20%
♦
—•
Moody Investors partic ptd
——•
Mountain City Copper common——5c
Montgomery Ward A
Montreal Light Heat & Power
■■
...
Governor
Pierce
Low
1,250
151% 155
154
—
Dec
10
—..—10.
Phillips
60%
2% Mar
Z.-IQQ
Pioneer
10
2%
....
Nov
27
50
.
...
...
2ya
Feb
58%
Range for Year 1944
Utah
60%
——■
3%
Jan
2%
Phila Electric
July
3% Dec
9
July
13%
9%
3%
Co
(Philadelphia Co common
Dec
•30
:13%
—
Mfg
Pharis Tire & Rubber.—.
27%
—-
Penn Water & Power Co
-
•
Z.OIO
Shares
2.50
Penn Traffic Co...—
13 y2
for Week
of Prices
F«f
3% May
<
Sales
Range
Last
Sale Price
15% Dec
114% 114*%
106%
100
2.50
—1
....„1
1
Hosiery Co Inc—
Corp..
MoiyOaenum
Jan
8%
3%
2%
-
Public Service common——*
Missouri
9%
<27%
pid—.100
Mississippi River-Power 6%
15,800
9 :
-*.
,
3%
12 %
27'.
28%
-
...
1
—
Mining Corp of Canada——„
Mmncseta Mining & Mfg
Minnesota Pwr it Light 1% pfd
Mojud
:
——*
Refineries—1——
Mid*West
Jan
Week's
Friday
Curb Exchange
High
Jan
—
10
—
Cupplj
&
8
1%
3%
„30%
50
—
1,600
15,200
•->',>;
*i
>; ;
.
Abrasive-
16%
3%.
11%
13%
.
-
.
low
15%
—
l>'"V-'.;: 3VS
K 12 ;
>' 14%
West
New York
Range for Year 1944
'AZZ" ^0XB &igk
:J Pat
—
RANGE. FOR WEEK ENPXNG. JAN. *2
STOCKS
Shares
Middle States Petroleum class A vtc.l
Class
;
for Week
of Prices
Exchange
A;•
;
;■
■
Last
Sale Price
York
New
;
Sales
Week's
Range
Friday
A—.25
100
3 l'A
_
l'A
82
:
83
30
Mar
l'/a Nov
67
Jan
EXCHANGE
NEW YORK CURB
FOR
RANGE
Monday, January 15, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
232
WEEK ENDING JAN.
13
•
Last
Range
for Week
Sale Price
Curb Exchangs
York
New
of Prices
Shares
:*•':
■Vv/--'.
10
10
Line
Sauthtand Royalty Co
Pipe
Southern
Snoe Corp
——
5% >5%
1%
30
20
21 %
19
100
1
preferred-^
2d preferred-^-
l^t
6%
5%
Sterling Brewers Inc
lnc__
Sterling
•
—fl
♦
•
1
(J B) Co common—
(Hugoi Corp
Stetson
ncinnes
Stroock (S) & Co common
Machinery—
Sullivan
Co
Rav Drue
Sun
Superior- Portland Cement—
$3.30 "A" part
*
*
18
Class
"B."
common
Finch Oil Corp
Swan
1%
Apr
Williams
(R
Jan
21%
Dec
Williams
Oil-O-Matic
Jan
28%
Dec
Willson
Jan
18%
Products
B_
common
Portland
Nov
Woodall Industries Inc..
Wooaiey
%
Jan
5,900
114
% Aug
July
ft Apr
54
114%
Jan
7%
1%
Dec
10%
11
it Feb
3%
53% Mar
13%
17%
Jan
11%
&
Light 1%
(F W) Ud
53
Jan
12%
1,100
9
5%
5%
900
3%
Jan
3%
3%
2,100
1%
Jan
150
8%
100
%
4,000
6
Dec
14 %
M
26%
19%
Dec
<rl
44 %
300
Dec
48%
Dec
13
25
15%.
:
15 %
2,200
3%
3{2
37,400
Jan
111
Apr
6
Jun
1,800
11%
7
Jan
14% May
7%
Jan
11%
2%
Jan
—
5s
—
\ 3%
•
Aug
15%
Dec
Apr
11
9%
York
Dec
4% July
Week's Range
Friday
Last
Interest
Exchange
Curb
American Gas & Electric Co.—
May
1950
J-J
3%s
s
f
debs
1960
j-j
3%s
s
f
deos
.1970
2%s
Amer
f
s
debs
Pow
&
deb
Lt
i
6s
Associated
4%s
Elec
Year 1944
Low
12
h
106
108%
10
106%
110
153
108
108
108
101%
106%
107%
107% 109%
105%
105% 106%
100% 101 Vz
4
108% 109
5
J-D
108%
J-J
4 :}■■■■>Y.'
A-O
■■•';• $124
High
102%Sl05 |
6
103% 103%
-
M-S
—1961
1970
2024
Writing Paper 6s
Appalachian Elec Pow 3%s
Appalachian Pow deb 6s_.
Sold
No.
HUlh
J-J
2016
Amer
'
".
Range for
Bonds
Friday's
or
Bid & Asked
Sale Price
Lew
Oct
Jan
12%
47'
'41-
v..^-
10%
11%
11%
Period
July
May
17
New
"
•.
7% Nov
Oct
6%
Apr
3% Jan
10%
Jun
3% Aug
11% Aug
600
150
25
x21%.
.
14% July
12%
:
Nov
18%
Feb
13%
24%
;'
x21%
—
r
Jan
Feb
110
in
American
deposit receipts
Wright Hargreaves Ltd
Nov
4
-
Feb
1%
16
12%
13
Jan ; ;;
3
4% Nov
15% Aug
12%
1%
Dec
Nov
Jan
i:';50
..15%
900
.
pfd—100
Cement:
Petroleum
Woolworth
8T/«
400
6%
6%
BONDS
■
Dec
21
Dec
Jan
15%
12
12%
j
j
Dec
Jan
5
1,000
15%
—..
>
Dec
50
43 %
y
Feb
:
60% Nov
18%
j;;
12%
Jan
8
Dec
3%
9,500
62
18%
8%
ftJuly
Apr
120
61
850
13% July
Jan
% May
3,500
3%
20% Aug
10
1
19%
Feb
Jan
1,200
Jan
700
14%
14
6%
2
Mar
17%
2,000
28% May
•
Power
Ttf
Dec
Jan
20
1
—
Wolverine
3%
.
Inc-
Wisconsin
3 %
NOV
23
12
.19%
20 B
•
Dec
2,900
•
29
18% Mar
31.;
12
__
.
...»
Heating
Dec
100
;
& Co.
4%
19
140
Jan
84
'
C)
21%
%
-v.;-:
.
& Feb
6
150
10%
10 J
16
1.
Jan
2%
1
--
30
29
,30
10
Jan
%
3%
,
Wichita River Oil Corp
2
12 y4 xl2%
125/4
5 %?:
3%
.
Weyenberg Shoe Mfg—
Dec
16
i7s
r<f
145
29
—
Nov
400
%
—
1
1
1
.1
Products
Sterling Aluminum
Dec
6
2%
V
140
145,
1944
High
Low
iu
1,000
%
;;12J/4
1
—1
trust ctfs—1
*
• ?
1
50
—20
Inc
4%
110% 111%
,
}%■{?
1
Products Co-
Standard
Standard Silver LeadStandard Tube class ~B
Starrest (The) Corp voting
Steel Co of Canada
Stein (Ai & Co common
Sterchi Bros Stores
Westmoreland
7
108%
is
'
•
Dec
Range for Year
High
Low
20
21%
18%
:
—
,
Coal
Winnipeg Elec
21
Shares
Western Maryland Ry t% 1st p/d—100
Western Tablet & Stationery coni
*
Westmoreland
56
Jan
3% May
2,100
3%
convertible preferred
Standard OH (Ky)
Dec
-.14
9% Mar
7,400
28%
-9 ,4
for Week
Par
;
9% Aug
8% Jan
300
20%
4
Preferred
900
19
20%
-1
pfd
1,100
12%
Jun
> 40
Standard Dredging Corp common
Standard Oil (Ohio)—8%
Standard Power & Light
Common class B
5%
5%
--
—10
$1.60
1,200
iy8
2.78
-1
Standard Cap & Seal common
Convertible preferred
14%
i;
1,000
14
—-
Brewing Co
Standard
9%
oct
131.
July
5%
400
f
Sales
Range
of Prices
Exchange
'V.;:.' :-V
High
Low
11
9%
*> j4
_
Inc
Stahl-Meyer
—
-0
•
1st pfd
(A G) & Bros
Spalding
bpeuoci
—
o
Co
Phosphate
Southern
10%
Curb
Range for Year 1941
121
England Telephone—100
Southern New
New York
Biob-
Low
Par
Week's
Last
Sale Price
Sales
STOCKS
Friday
STOCKS
Friday
Week's
102
99
,126
107%
109%
123%
Y
128
95
1953
-
J-J
94%
93%
94%
76
79%
42
23
29%
JAssociated Gas & Elec Co—
AConv
*
27%
28%
*"•
2
1
Exports
Tobacco Security Trust Co Ltd—
Amer dep rets ord regis
Y'Amer dep recs def reg
'Ttidd Shipyards Corp
Toledo Edison 6% preferred
Lux Corp
Trans
7
Oct
5,300
7%
12%
Dec
1,000
19%
Feb
27
2,200
YY 6%
11% July
5,300
;
32%
32
32%
deb
4%s
1949
j-j
32%
30%
32%
314
23
29%
23
29%
11 %
61%
>:
Apr
1
Jan
11
Nov
62
Dec
3%
1,400
,
74%
4%
Feb
Assoc T & T deb 5%s A
1955
M-S
Atlantic
1964
M-S
1957
J-D
1960
5%s
370
75%
1%
Jun
City Elec 3%s
Bell Telephone of Canada—
series B
M 5s
1st
B
series
5s
C
-
.
39%
1%
Edison
Boston
,.:■■
Canada
5s
_1953
Central
1964
1948
1954
J.J
M-S
67
1927
1952
M-S
69%
1%
H Jan
3
37%
Jan
Aug
Dec
1-/4 Mar
H Mar
:
Northern
111
Power
3%s
& Oas
El
%S
A 5
-
SAChicago Rys 5s ctfs
Ry 5%s A
Cincinnati St
lO'AJuly
,
Jan
4
10%
600
9% July
Jan
series
6s
13% July
United
Chemicals common
Cigar-Whelan Stores
preferred
preferred
.—
United
$5
•
20
Prior
United
-t
,
—
preferred
1st
$6
participating
7%
Jun
11%
deb
Conv
25%
Aug
2%
170,200
1%
Feb
590
80%
Jan
100%
Dec
17
Sep
19%
Dec
Dec
&
5s
—Jan 1966
—1950
5s
-
5s—
—
Feb
19%
10%
"9%
10%
3,100
32
16
•
.;
.%
%'
i's
69%
70%
5,500
38 ;
38
%
.
70
i
%
5,200
;: 1,700
..
.
^
;
2%
iB^diator
j
•
/
A0-»:
-;Clas8
.■Universal
i
1%
1 Va
1%
1.700
83%
84%
1.775
4%
1.800
700
i's
2%
Apr
U
Jan
5%,
2%
•
iy8
1
iy8
2,500
4%
4%
4%
7.900
5%
900
5%
12'/4
13
700
5%
6
4.600
5%
20 V2
%
Apr
1%
78%
Jan
104 %
2%
Jan
5
Jan
Jan
F-A
103%
1956
—2030
3f-S
F-A
1956
M-S
1954
M-N
1104% 104%
5%
"3%
21%
22%
9.900
3J/4
3%
7.20O
18 V2
Jan
26
Jan
3%
*
3%s
—-<-i^l953
65 %
101%
7%
8'/4
5.700
4
Jan
West
&
Guantanamo
2y8
2Va
1.200
1%
Feb
series
6s
Illinois
74%
Jan
'
convertiole preferred
Petroleum—
$4
.Venezuelan
'3%
3
,^ogt Manufacturing
57
54
57%
1
j:_.
12
11%
12
11%
11%
,*•
420
11.100
200
1%
Dec
Jan
60
Dec
8 Va
Feb
12
Dec
8
Feb
15% July
27
Service
1__
Indianapolis
•'
:
.
c
''»
■
•
v
<■
'
.
Co—
A 6
%
105
103
108%
1105% 107%
103%
108%
103
102'A
102%
68
64%
.
5%
C
West
Texas
West
Va
1.23
Utility $3 preferred
Coal
&
Coke..
Air Lines
For footnotes
see
1
page
800
10%
900
33%
100
33%
19
3
7%
6
May
233.
75
102
1104%
__
105
102
1104%
106
J-J
E
A7s
1941
(Aug
F_
series
A7s
■
Superpowei
Jersey Cent Pow &
Kansas
6s
29%
31%
23
37
37
33
J-J
J-J
38
;■;■■
1970
J*J
1966
A-O
stamped——c—1948
FA
3%S—
Superior Dist Pow
6s
Corp
at 4%
&
A-O
34%
42
22%
37%
62
88%
90-j*
60
77%
Y;;
-
89
;
6
19
106%
^
^
;
72
69%
.
106
40
109
>■:
4 •■;
106%
107%
120
122Va
1
109
112%
7
/06
...
'-102
102
28%
<
2
107
109%
105
■:■-'■•■
108%
J106% 108%
i
—1963
1967
JlL.
1978
ikii—1955
•;
99 3A
-102%
72
104%
39
61%
69%
,-rJil
i-.1
y-i
Suffolk-Ug Ss
M-S
106%
2
105%
108%
104% 105%
8
102%
106
J-D
1106% 107%
F-A
19f% 100%
J-D
106 V2 107
114% 114%
104%
108
100
101%
13
106%
111
8
.114%
120
110%
113
».
li'ii—1945
1981
A
106
J-D
M-S
ref
series
106
42
5
111% 111 Vz
106
36
:
25
119% 119%
-
J-J
toi4%s—
&'L-4%ii
Minnesota P
■
21%
25
11
111% 111%
J-D
109
42
25
23
38
37
k^l06
M-a
l■:
•
103 %
16
-
76%
72
76%
102%
93
32
98%
(•• *-97%
J-J
5 Y
93 %
106%
39%
38%
'
•; 32
1966
Utilities 4s
Extended
1st
9
M-S
Milwaukee Gas Light
.»
33%
•.■•'■.,"31
Electric 6s
2022
Power & Light 3%s——L—1969
Kentuoky
Lake
32
J-J
Kansas Gas &
Kansas
33%
•;
,
1965
Lt 3%s__
Electric Power 3%s
70
F-A
1957
1952 : V
1963
6s
Debenture
Altallan
26
30
J-D
1952
coupon)
5s—
Power
13
102% 103
107% 107'%
M-N
coup)
1941
(July
Interstate
102 % 103
102%
F-A-
;?
103% .106%
1105% 106
M-S
v
-r--—
19
100
3%
200
19
14%
1%
15
Dec
11% July
Feb
108
Jan
New
Dec
25
94Va Mar
3%
?
1
•
_8
Inc
67%
A-O
-1959
1955
1957
coupon)———19.57
-1952
1941
1
(Dec
series
A 7s
Dec
Feb
4%
25 %
Oct
5
'
•
4%
3.000
5
3%
108
Jan
-
5% July
112%
Oct
11.600
5%
Jan
10%
Dec
N
16%
16%
16%
2.000
IVa
Apr
17%
Dec
N
•
10
5s
Debenture 5%s
Apr
11%
111
deb
England Power 3%b
New England Power Assn 5s
11
111
—
,
Y State
Y
Elec As Gas 3%s-
& Westchester Ltg 4s
i
M-S
•
89%
88%
91
J-D
89 %
90%
91%
M-N
1948
1950
89%
89%
91
A-O
2004
r
.
M-N
j-J
102% 103'A
102%
104
1954
81
72%
6
72%
83
72%
107
1107% 108 %
M-N
--19611948
19K4
1110% 110%
J-J
1948
^-1947
5s
El Assn 8s
New
11%
....•■
>
—
Conv
Dec
Jan
5s
Gas
Amsterdam
New Eng Gas &
v
Wentworth Manufacturing
Western
10%
5%
'
• •
II8
Knitting M.lls
198
A-O
1970
3%s
& L
P
series
8
A6%s
A7p
6s
5%
Class B
104%
101
'
Wagner Bckina voting trust ctfs ext_**ri;
1%
preterred,^
;
100
Waitt & Bond Claud A
•]<'
Wayne
104
101%
1104%. 105
1963
Nebraska Power 4%s-i
W
'svol
■
~1
1104% 104 %
:
SInternational Power Sec—
Nassau &
r-ii'
104
63
104% 104%
J-J
1957
1950
5s
ref 5s
•
i'jLt ,-rf•'
Waco Aircraft
107
97%
101
1104% 104%
Co—
5%s series B
ref
lien &
1st
3% July
Feb
56
103% 104%
104%
Midland Valley RR-^-1
1.700
106%
124%
103.,
••
J-D
Jan 1949
-
93% 103%
123
101%
J-D
Jan 1949
B
Power
1st &
McCord
3
75
—
*
j-j
,
*
Indiana
2% July
3%
60
104% 104%
1124%
:
105%
99
F-A
■
1958
6s
Hygrade Food 6s ser A
8% July
2'/4
1
101% 102%
104%
j-d
—1953
Grocery Store Prod 6s
.
yalspar Corp common—
47
J-J
Dec
88
103% 104%
j-d
Serv 5s
Pub
AGeneral Rayon
108%
1120% 121
A-O
A—
Co 6s ser A—-—1948
Georgia Power & Light 5s
1978
Grand Trunk West 4s
1950
Great Nor Power 5s stpd
1950
Green Mountain Pow 3%-.
1963
General
Dec
8%
51% Jan
■
'':-b.,'-;v
r;-' •;; Y B
5%s_
108
Cc-''
28% July
2%: Jan
1
1
Service
Power
Gatineau
Mar
10c
—
1.800'
68
5s
& RR Ss—
Lt
Federal Water
22% Aug
67%
65%
—
& Light
Power
Water
Elmira
Nov
Feb
20%
22
N
Eastern Gas & Fuel 4s ser A
Electric
Nov
*
—!
v
1958
13% July
Jan
105%
1954
2% Aug
1%
:98%
mtge 4%s
Gen
Nov
1%
7
3
Continental Gas & El 5s
Dec
16
105% 105%
A-O
104
Jun
Feb
105%
125
Dec
20
1
•
preferred
Utah.Radio Products.
common
$5.30 priority stock—
Feb
12
97%
119
Sep
•
104%
99%
98% 106
5
A-O
Dec
4%
110
104%
105
104% 105
ii 105
A-O
;*
1
104
1043^8
104%
108%
Dec
;
9
.
,
^Utility!Equities
'
Jan
104
104
104%
F-A
79*
101%
J-J
Sep
8%
3.000
•:
Pictures common
<<JTJ
10 Va
4% Mar
19%
2%
,62
Dec
18%
4%
182
111
Dec
18%
2%
70
108
"
10
Utnh-Idaho Sugar—
■
•••:.
8.200
:
68%
1102% 103
104% 104%
102%
77% July
45 %
8%
•
Power & Light $7
12
Jan
9
63%
105%
series
Dec
Jun
.5%
64
67%
37
109 'A 109%
Nov
2%
69
.
36 %
359
103% 103%
u"
—
'Universal Products Co_
Utah
269%
Feb
42
1,000
107
105%
298
J-D
Oct
Jun
%
6%
30
10
9%
iO
1
1
Insurance
Feb
8'/4
_2
1;f ■:
B
Apr
1,050
78
45%
~9%
1
•
50o
<
^'Universal Cooler class A
Universal
76%
84
Inc.—
Universal Consolidated Oil
v
93
Feb
•
common.
.
90
5
S
United Wallpaper,
'C.
8 %
' Rubber Reclaiming
United'Stores common
■
Dec
Dec
800
2%
45 Va
77%
25
1
U-8f'and International Securities:
yjj.SS'lst preferred with warrants
i
69
6'% Mar
10
25.
Co class B
,U\S,...Graphite common—
-S
1% Jan
A Jan
40
263
100
25o
Sharing
*UVjFoil
U
Feb"
Jun
4
;V ejl0%n preferred
"United Shoe Machinery common
preferred
United Specialties common
tf
—-
ord regis
Amer dep rets
Prolit
-
__
2
.-
j-d
2% Mar
33% Apr
50 %
105
1969
1976
;.
United NJ RR & Canal
-United
Y
•fit Jun
25
103%
99% 103%
1971
':•>
,1'«%
19
64%
iJf-3
-1969
mtge 3s ser P—
1st ref mtge 2%s ser Q
Consolidated Gas (Bait City)—
Nov
100
108
101%
(Bait)—
ref
1st
Nov
8% Nov
is
120%
179
105%
170
67%
63%
A-O
■
>
-1958
5s
El Lt & Pr
Gas
3%s
Feb
6,800
1^5
10%
■
Consol
Oct
Jan
2%
—„•
preferred
Dec
14%
19% xl9%
•
Co Ltd—; j
United Molasses
71*
200
'
% $3
May
5,800
97% 102
•
•
•
United Milk Products
Dec,
12%
w.-
*
B
8
24%
2%
vl>,
class
Feb
11%
xl9%
v
Common
Feb
5%
■'
7%
66
xl00%
.10
United Light & Power common A
__
Nov
3 Va July
4% Aug
24
,•
Unjted Elastic Corp
Uiuted Gas Corp common.-!—
7%
Jan
C-V
105
66%
J-D
1955
B
Service
Cities
Debenture
Jan
2Va
3,700
:,v
11%
warrants
uorp
2V2
300
5%
:; 5
■
•
100
1
*
10c
Gas
Union
5
2,500
2%
2%
2%
—10*
Manufacturing Co
of Canada-,
Union Stk Yds of Omaha
United Aircraft Products
Unexcelled
6% 4m:--
7
1
115%
119
4% July
May
18%
109
150
101% 102%
1
J-D
§ A Central States Electric 5s
Debenture
10c
102
Jf-N
U
Corp
101,;
85%
112%
112%
102% 103
J-D
Dec
zzr--'.
Ddylite Corp
Ulen
Realization
29
22%
106
1109% 112%
A-O
—1970
2%s—-
170
Q-F
1962
Jan
900
7%
13
12%
29%
22%
■'
1% July
9% Mar
7%
;
1998
July
7,600
,
23
42
119% 119%
80
4,600
1%
Dec
6s
6V2S
Bethlehem Steel
112
112%
115
3,300
38%
7%
461
32%
$107% HO
110
1,100
4%
1
38%
—•
1
•
33%
99% 100
59%
Dec
112%
4
:
July
106
1%
Tung-Sol Lamp Works
80c convertible preferred
•
10
;•
-
32%
30%
Af-N
5s
deb
Feb
30
1%
31%
30%
33
32%'
A-O
Y F-A
Debenture
58
109% 109%
115
13%
Feb
Jan
115
4V4
.
1968
Dec
57
200
9%
75 %
F-A
1950
5s__
1977
A
AConv
393
Oct
Jan
10
1 %
warrants—
Inc
Trunz
Mar
3%
•
•
100
100
1
-1
10
Trenswestern Oil Co
Tri-Continental
6
M-a
AConv deb
24% July
6,300
——
Mining of Nevada
Tonopah
Nov
1948
Bickford's Inc
preferred
7%
119%
61
■
•
__
Jan
,10
•
Product
Tobacco
Jan
114%
15%
9%
10%
12%
50
31%
30
9%
-1
& Allied Stocks
Tbbacco
Dec
28
Feb
23%
2,400
4%s
AConv
Sep
7%
14%
14%:
1
tfshman Realty & Construction.
6%
31 "
-8
6%
,
11,500
116
116
7%
Jan
22%
'
■V'Y'1"'-
5
•
28%
22
22%
00
pfd__.
7%
Power & Light
Texas
300
5%
5%
Taggart Corp common
deb
-
34
104%
50
1108% 109%
1101% 102%
*-.*
104.
95%
88%
88%
88%
110
103
97%
104
108%
111
101%
107%
-
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4351
Volume 161
EXCHANGE
NEW YORK CURB
FOR WEEK ENDING
RANGE
Friday
BONDS
York
New
Curb
Interest
Exchange
Last
J-J
Ogden Gas 1st 5s
1945
M-H
Ohio
1968
A-O
i.-
Low
■
"A
Exchange
'1st
1st
mtge 3'As
mtge 3s
Public Service
Ohio
Power
&
101
82
2
101
104%
&
5'As
1959
A-O
& Rys (Delaware) 5y2s_1952
Light & Railways (Maine) —
Light
A-O
1948
F-A
8
107%
110
105ya
107%
105%
109 y2
ioi %
101% 101%
1955
M-N
1979
104%
4
A-O
cons
104% 105
;
61
104%
107%
3
105 y3
109%
106
Philadelphia
Philadelphia
Elec
108%
1972
109% 110%
3
108
M-a
106% 106%
3
106
J-J
1959
M-a
1964
6s
F-A
1962
5%s
J-J
1950
Power
Rapid Transit
3-D
108% 108%
3
*
A5s
stamped
Corp (Can) 4%s B
Public Service Co of Colorado—
1st mtge
3'As
Sinking fund deb 4s
of
Service
6ft
102
&"
108
3-D
1949
153
Estate
Sheridan
South
series
6s
1951
Southern
California
1st mtge
Southern
A-O
A-O
M-3
J-D
1964
J-D
West
2030
A-O
1960
J-D
1959
F-A
1937
J-D
1947
J-D
6s
3s
1965
M-S
3'As
Gas
1970
A-O
J-J
-106
'.v
Af-S
8s
Spalding (A G) deb 5s
-May 1948
-May 1948
,•
S
88%
73%
96
10
103'/a
105%
30
•
86%
30
103
105%
104%
A Starrest
Btinnes
&
F-AYY'Y
106'A
F-A
1957
F-A
1950
7-4s
(Hugo)
2nd
:
Texas
Bogota
6s
1946
J-J
1946
Service
&
Powei
Mortgage
ACauca Valley 7s
72%
92%
108%
104%
12
101
83%
106
-9-7% -97%
97'A
97%
100%
97%
'97%
97%
•
86%
Electric
-97%
99%
96%
100%
96%
99%
100%
-97
•
99%
,125
Danish
*28
33%
*27
—
33
105
'a
Low
High
•
62
65
54
61%
J-D
*28%
29%
16 %
30%
M-N
*70
85
62
85
F-A
*70
81
60
J-J
*15
38%
18%
1948
;.Y
1955
(Peru)
AMaranho
Year 1944
*61
5s
6%s stamped_1958
M-8
1958
M-N
—1951 Y
J-D
7s_
AMedellin
Range for
No.\Y.
High
J-J
7s
stamped
Mortgage Bank of Bogota—
A7s (issue of May 1927)
■O
A7s (issue of Oct. 1927)
16%
'
16%
85
:21
16%
16%
38%' 38%
34%
46
18
34%
*34
36
22
1947
AMI
1947
A-0
-1931
Mortgage Bank of Chile 6s
J-D
1972
AParana
1958
98%
ARio
86% -98'/a
(State)
de
86%
*41
33%
*41 :'
/
__
*16 Y"
>
41%
36
,'41%
18
'„i7y4
22
6y2s
J-D
6'As
1919
'75
*38%
—
J-J
--1959
Government
—:
58
$38
79%
33
'
%';41%
34
J-D
-5%
-
5%-"5%
J-J
—1921
—
$70
M-8
,;
•5%
;
5'A
43%
3%;8%
159
5%
98%
29%
7s
Janeiro
ARussian
"
,
Mortgage Bank of Denmark 5s
42
,
3%
8%
66%
^Trading suspended in new common and preferred, pending court hearing.
See Long Island
Lighting item in our "Investment News" column.
'
•No par value,
a Deferred delivery sale,
a Ex-interest.
e Odd-lot sale,
n Under-the-rule sale,
45
—
r
V,'.
20%
•;
41%
Cash
J-J
1949
'
J-D
4s
■
*118
-
,
"i.
104%
105
11
119
'
108'A
117%
110
116%
119
105%
111
6
106 ?
110
111%
x
Ex-dividend.
.'
V'Y>Y.Y/> :
being traded flat.
§Reported in receivership.
%'■
Y
Y':Y
;
.
-
Abbreviations used above—"cod,"
'
YY
sales being transacted during current week.
"
no
ABonds
106%
3
;;;
106
106
8
■
sale,
! ^Friday's bid and asked prices;
.
104% 105
Y 105'A 106
J-J
1968
J
''
of)
5%s
Extended
Bonds
"-Sold
99%
43
70
Friday's
51%
99%
30
-68
or
Bid & Asked
63
86%
CM'97
-97-%"'
Week's Range
Last
Sale Price
*61
87
120
~
96% -97%
97%
•
M-N
.—1956
3'As
N
*99% 100
99%
101 %
l-O
86%
76
97
'
97%
J-J
1960
5s
—2022
United
119
85
•
Light 5$
Edison
114%
102% 102%
-.1952
Bank
ALima City
106'A
A-O
A
series
109
-.1953
(see
105%
Industries—
Toledo
102%
Interest
Agricultural Mortgage Bank (Col)—
,"y
A 20-year
7s
April 1948
A 20-year
7s
Jan 1947 >■
103%
.•] .2
deposit
stamped
Electric
*117% 121
LOW
•
Texas
107% 107%
__
Friday
Exchange
Danzig Port & Waterways—
A External 6'As stamped
101%
"
Curb
106%
17
100
York
109
(Hugo) Corp—
Stinnes
debentures
104
Y;'Y 48
A-O
6s
Corp inc 5s
A7-4s 3d stamped
of
5s
107
30
93%
•97%
J-0
———1957
Light
v>A Certificates
58
•
408%. 110%
105'A 109%
105%
104
104%
91%
97%.
97%'
A-O
1951
Power
f
s
New
A5%s
Standard
24%
105
109 lA
128
106% 106%
104% 105%
-100%
A-O
Dec 1 1906
6s
debentures—
gold
80
107
1108
'
Foreign Governments & Municipalities
A
Debenture. 6s
6s
93%",
:: 104%
M-N
1989
(stamped)
Conv 6s stamped
*
.59%
57%
-
*106
Period
Electric—
6s
Debenture
;
V-
98
105% 105%
F-A
Rys 4s
L
126%
106
106%
*107% 108%
..j*
F-A
1970
2022
&
5s
Traction
113
(Calif)—
1951
Gas
57%
—
Newspaper Union—
conv
105%
104
1
*104
Southwestern
Standard
Ill'A 116%
109
98%
102% 103%
J-J
Southwestern Gas & Elec 3%8
&
Electric
Penn
106%
*105
3s
P
Penn
West
154
8
102% 103%
^.1957
5s
Gas
Indiana
102
137%
M
96%
102%
*.
J-J
1971
Counties
112% 115%.
9
102%
92%
-s
12
153
^90-
__
1947
Edison
California
Southern
36
112% 112%
115% 116
104
106%
108% 108%
*■126
A-O
1970
Power
Southern
1
1951
6s
108%
J-D
1967
D
Wyoming Coal
Carolina
dabs
1951
Western
117
12
*105% 106
,
M-a
.1952
Scullin Steel inc mtge 3s
Shawinigan Water & Pwr 4%s
4'As
112%
•
If-N
BONDS
1979
Joaquin Lt & Pwr 6s 3
1st
.."7
108
152
A-O
J-D
Harbor Water 4'As
Real
income
'
Safe
ASchulte
109%
102% 107%
106
V
2022
lAYora
*103% 105%
M-N
Queens Borough Gas & Electric—
5%s series A
1952
8an
F-A
._1952
;
1954
107%
.
O O er
164%
101% 102
'; •'
^
104% 105 %
'
New Jersey—
certificates
perpetual
*102
104%
rRv'.
v:',r
Rys Co 5s stpd
AStamped 5s
extended
Power
Public
A
Wash Ry & Elec 4s
Wash Water Power 3%s
Portland Gas & Coke Co—
5s
High
102
108%
106%
„
1970
108%
series
Utah Power & Light Co-Debenture 6s series A
105%
40
8
106'A 106'A
*108%
•
103%
4
—
106% 107
106%
J-D
*104'A 105
Waldorf-Astoria Hotel—
;
*60% *64
•
Af-N
Pennsylvania Water & Power 3'AS-1964
3'As
107% 107 'A
J-J
1977
5s
F-A
1964
Year 1944
Low
104%
*105% 106%
5s
United
6s
10
...
109%
109
Range for
Sold
No.
High
'
F-A
7
Bonds
Friday's
or
Bid & Asked
Light & Power Co—
1st lien
95%
101
1962
4s
Park Lexington 1st mtge 3s
Penn Central Lt & Pwr 4'As
1st
:;W>
.
.—1971
;
Oklahoma Power & Water 5s
Pacific
"Y;
Week's Range
Last
Sale Price
Low
United Lt
Power
Friday
Interest
High
; 35
94%
92%
•
Curb
Period
United
1948
York
Year 1944
No*
High
New
Range for
Sold
Utility Corp—
5%s series A (8ft redeemed)-
13
BONDS
Bonds
Friday's
or
Bid & Asked
Low
North Continental
JAN.
Week's Range
Sale Price
Period
233
rs-'iiA*'
'
-
«
,
itvY r
,
.:
certificates of deposit;
"cons," consolidated; "cum," cumula¬
"M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates}
"wl," when Issued; "ww," with warrants; "xw," without warrants.
tive; "conv," convertible-;
Y:>'YYYyY>:; Y Y;YY.:'V>':Y^
>'>Y'-."YY>Y,Y
Y ft,-
V
.
YH.>:>;YY .y-Y;.;Y\ Y;^YYy>.YYY>Y Y'YY;:'■'■■■
■
YY.>V.Y"::Y:>Yv'.YY i
4'
i.-ta
■
'
-
"
'
r
'
,
■
OTHER STOCK EXCHANGES
■
■wt-iois
RANGE FOR WEEK ENDING JAN. 12
It
J
Y-Y
Baltimore Stock
■
-
Last
Range
■
Low
Arundel Corporation
Bait Transit Co
Preferred
Consol
preferred B
100
—
;:f
of Texas
6ft
116
8
46
46
},;'Y
!
4%
64%
115
415
Cities
High
Y:; ;..Y;
4%
92
Jan
3.80
Dec
4% ft
Dec
6ft
Apr
69
Jan
7%
Mar
117%
7
Oct
Aug
11% Mat
136
July
160
.Dec
10
43
Jan
>47
'Oct
30
92
28%
1.50 Mar
26
90
27
4.50
Aug
15
.
Feb
90%
7ft
preferred
30%
25
--
30%
-4%
>■''
•6 ft
1st pld
6ft
U S
Fidelity Si Guar
50
38%
tmmm
39
National
Gillette
Isle
35
Jun
41
Jan
Bonds—
5s
series
A—
74
77
$84,500
1975
:
76%
85 r;
81 %
85
27,950
51
Jan
70
17% Mar
75
56'A
-
200
32'A
500
83'A
48
4%
101'A 103'A
4
Jan
84
Dec
Jan
50%
Dec
Nov
6'A Mar
75
92
76
76
25
54
Jan
84 '
16
17
650
13
Jan,
21%'Mar
*
13%
13%
13%
320-
Jan
14
31%
32'A
254
28%
Jun
32%
16%
16%
284
8%
Jan
16%
—
—
,
9'A
Jan
109
Jan
80
Dec
—
44%
37
37
39%
1
;
43%
37
——
Corp
40%
15%
16%
*
16%
•
Copper
-
Copper
15
->
—
%
*
(Del)
38
preferred—
Feb
1,071
!
Maine
Central
5.ft
RR
100
common.
preferred
Mass- Util
100
Associates
Mergenthaler
vtc
1
Y:
—
•
■
Exchange
Friday
.
•
v
t
'
•> .:
STOCKS—
Week's
Last
Range
,
Sale Price
;V":-Y Y:'
Par
American
100
Sugar Refining
American
Tel
American
Woolen
Anaconda
Copper
&
51%
164
•
Sales
t
>
>V;
YvY'
:
Y-•
Lou
•
29
80
155%
2,630
High
Feb
55'A
Jan
_33% May
40% 'Dec
-'2'AJun
38%
569
29%
Jun
37% "Dec
7'A
100
2%
Feb
8
'Dec
Jan
40;
Nov
40
25
25
Y.
16% .Dec
7'A
49%
1%
1%
3%
Y
1,976
:
100
65%
65'%
14
7%
7%
8%
2,415
15%
15%
16%
251
1
38c
Jan
6%
Dec
,23%
Jan
44%
Dec
60c
1,340
Jan
,47%
Jan
7
Jan
1% Mar
66%
167
&
Boston
Son
&
Inc
Boston
•
Edison
Boston
Elevated
Boston
Herald
Boston
&
7ft
126%
...
_
Traveler
Maine
preferredStamped
Corp__.
9%
Dec
Pacific
29'A
Dec
Pennsylvania
17%
10
11%
18%
Oct
Quincy Mining Co
521
37%
69'A
70%
25'%
24%
25%
61
67%
5'A
35
3,129
32%
696
•05 Vi
.i
5'A
6
6
Dec
550
40c
24%
Dec
Rutland
RR
7ft
Shawmut
26%
Deo
65%
Dec
Suburban
Feb
4
Feb
Torrington
&
103%
Apr
114»/2 Nov
30c
2,520
.
Jan
Mar
10c
Jan
45c
Feb
44%
60
25%
Jan
42%
Dec
2,245
25%
Jan
33%
Dec
86c
Feb
3%
22,736
>
2
I_
13%
2
2
1%
180
2%; Jun
16%
11%
-
2
15%
*
Inc
11%
Jan
% Mar
100
16%
11%
9%
10
13%
2
12%
12'A
Jan
15%
595
7%
Apr
12%
10O
2%
Jan
4%
418
'
Dec
1% July
Dec
Deo
•
Elec
Securities
common
Co
."-1%
Jan
4%
1,100
3%
Jan
9%
Dec
Union
Twist
2,517
4
Jan
10%
Dec
United
Drug
12
12
30
3%
Jan
7% July
United
Fruit
12%
15
700
5
Jan
8%
Feb
United
12%
14%"
305
5'A
Feb
7% July
12%
15
538
5
Jan
•
•
4%
4%-
...
37'A
37*A-»*-
30%
37%
31*—.
405
-•
32
May
Feb
"
>
46o
38%
61c
*
Webster
14
•
Doc
41% Aug
42%
*
preferred
Assn
Jan
Jan
14%
34
33c
Feb
Mar
;
-
—100
100
Stamped
—100
D 1st pfd
.
14
100
Prop
Providence
For footnotes
Trust
17
*
RR^_____ —100
teee page
—r
100
Stamped
&
50
34%
3%
37%
100
Reece Button Hole Mach
37%
116%
12
pfd__
class C 1st pfd__
Personal
30c
37c
25
—
74%
■
12
100
Stamped
Boston
50
Jan
Jan
14
Boston
May
V. J
Drill
Inc
5
:
'
Apr
38%; Nov
31
'Dec
23%
Apr
16%
16%-
105
12%
Feb
92%
92
93%
548
75%
Jan
77'A
77%
78
375
69 V*
Jan
78
44'A
45
252
42
Jan
45%
51%
54%
150
40%
Feb
53%
Jun
13%
14%
230
10%
Jan
14%
Dec
36%
37'A
38
Nov
5
165
•
v
17% July
'
class B 1st
class
5c
3,037
,,
111% 113%
113'A
*
-
RR
SepU>
195*.
2%
100
Mills
26
465
40cv
49%
*
<17% July
■
Jan
Stone
class A 1st preferred
10 ft
96%
2,726
__
2.50
*
Apr
Feb
-
7ft
Colony RR
7%
.; ,.24'A
66%
100
Stamped
8ft
Old
255
37
_
5ft
Dec
2,246
117% 126%
100
Mining
12%
RR—
prior preferred
6ft
Butte
'
•
•
New England Tel & Tel
North
33%
70%
100
29c
49%
Feb
'Dec
Dec
9%
37%
_
Ry
Cos—
preferred
29%
Y
Albany RR
Service
11%
NOV
/; "1:"'
12
England Gas & Elec Assn—
17%
__
•'.t..
Bird
New
,
Range for Year 1944
High
52%
....
•
5 %' ft
Shares
163% 164%
11%
National
-
for Week
of Prices
Low
Tel
■i
Inc
239.
14%
V.
-
'8%
Feb
6ft
Co
;
Shoe Mach
...
common
preferred
U S Rubber
10
17;
17%
17%
1,060
14
14%
575
12
Apr
14%
Sep
Warren
47%
49
150
•28%
Jan
42%
Feb
Westlnghouse Elec & Mfg_—
.
6% Mar
8
5
9% July
Jan
25
25
15
31
*
—Y
.v
-
-
-
'91%
Dec
July
Dec
Apr
Waldorf
System
(S
D)
Inc
Co
*
13%
*
36%
50
—
■
Dec
Jan
1
*
Assn
•
Oct
36%
Jan
5
Linotype
Narragansett Rac'g
Nash-Kelvinator
Jan
Dec
iii,,'
44%
:
:
Boston Stock
••
1
44%
48%
__
Dec
7%
6%
7
Oct
•
-
100
40
50
Jan
31.18
"'Nov
267
7'A
5
common
35%
5
1%
1%
••
340
Dec
59'A
Stores-
Electric
Kennecott
6ft
1975
;
High
7%- Dec
'
Oct
16%
_1 '
Safety Razor Co
Royale
Lamson Corp
Baltimore Transit Co 4s
101%
*
Service
Capital
General
Dec
620
r
May
,
Dec
32
i
common—
Employers Group Assoc
Mar
May
6
100
Engineers
4%
Jun
2.00
12%
4%
83
100
Sep
27%
29%
t
'
239
19%
"47%
4%
100
series A
Dec
Apr
200
83
Low
754
8'A
18
_100
preferred B
Public
Range for Year 1944
High
7%
—
100
Ry com^
5ft pfd adjustment
Eastern SS Lines Inc
24
45
4% ;r-
28
Low
100
;
Eastern Mass Street
180
30%
>
27'A
Shares
Associates—
prior preferred
General
Mt, Vernon. Woodbury Mills .com—-100
Amsterdam Casualty
2
for Week
10
preferred
First
,
Sales
Range
of Prices
Friday
Nov
31
Monongahela West Penn Pub Serv—
New
-
'
_5
Eastern Gas & Fuel
18
22 »A
Apr
Hecla__
&
Service
May
45
28%
pfd vtc___25
7
185
9%
160
Calumet
Apr
1.00
14
160
Fidelity & Guar Fire Corp__—1
10
Guilford Realty Co common
1
6ft preferred stamped—..-—_—100
Houston Oil
69
116
■■
20
Co
Deposit
&
14 Va
459
933
69
com_
Eastern Sugars Assoc com vtc_..-..—1
Fidelity
648
3.25
22
I
'
•
Par
Range for Year 1944
Low
21
'■
Power
;
for Week
16%
3.00
22
Week's
Last
..."
High
16%
'■
—100
-
&
16%
•
—•
vtc
common
c
E L
Gas
4 % ft
t
v
' '
Sale Price
8TOCKS—
of Prices-.-] i Shares
Par
(j
"■'V':
Sales
V'},-
Sale Price
tOOErt^;^
Exchange
Week's
Friday
'
120% 124%
185
-
20'A
Jan
380
91%
Feb
119%
Dec
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, January 15, 1945
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK ENDING JAN.
12
Week's
Sales
Range
for Week
of Prices
Shares
Friday
Chicago Slock Exchange
Friday
Week's
Range
for Week
of Prices
Shares
Sal© Price
STOCKS—
Advanced
1
Castings
Bearing
common
American Pub Serv
Tel
American
&
Armour
Asbestos Mfg
7%
Co
Washer
Mfg
Co
Radio
Belmont
Fence
Brown
&
(E L)
Piston
Burd
(A
Central
III
Secur
$6 pfd
Serv
100
16
250
20
Jan
500
14
May
8%
Jan
15 Vz
33%
Jan
49%
11%
300
22
200
11%
22
34%
26
200
18%
Jan
24%
200
14%
Feb
24
3% Feb
500
6
450
36%
22
Jan
G%
350
4 Va
Jan
7%
*
Jan
15%
25
1,150
20
Jan
22
"'V'
1
140
88%
150
%,
9%
111
Preferred
Jan
14 %
220
83%
7%
Jan
17%
Jun
12
Commonwealth
Edison
United
U
Dec
16%
Nov
400
12%
Jan
7%
28,100
4 V*
May
600
44%
Jun
55
Dec
150
33%
Dec
39
Aug
35%
28%
7%
Oct
17%
3%
-23
common
30%
3,450
Co
62%
350
115% 115V4
10
Sep
44
Sep
111%
30%
115
78%
Jan
98
12%
Nov
Co
29%
6,550
7%
1,000
..
27%
105
^
,
-2 Va
30
26
27%
turn p£d_. .100
common
2% May
24% Jan
.f—
Vs"
%
Oct
29 Va
Diamond T Motor Car common—
*
Feb
28%
t
19
Feb
27%
i
,
Fansteel
Fitz
200
93%
Jan
150
20%
Jan
450
421/4
200
.■_*
5
15
....
15%- Jan
&
Connel
Dk
Auto
&
17%
150
16%
Dec
200
15%
Jan
18%
Dec
16%
550
10%
Jan
15
Oct
22
500
•
v\-
1
10
64%:
common
*
Razor
common
*
Lakes Dr
Hall
&
Printing Co
Dk
Brew Co
Spencer Bartlett
Borders
Inc
Hormel
&
Co
(Geo)
Houdaille-Hershey
Brick
Illinois
Co
B
t
v
8
100
—
—
Interstate Power
*
Katz
Drug Co
Kellogg
pfd
common.
Switchboard
•
Lamp common A
*
Kentucky Util 6% pfd-—.
100
Kimberly Clark common
»
&
Co
Unlisted Stock*-—.
Anaconda
Atch
Marshall
Field
Miokelberry's
Curtiss-Wrlght
Middle
West
Corp
United
Midland
Convertible
Utll
Midland
7 %
prior
Co
Prod
General
Electric
Interlake
Martin
(Glen L)
SI
prior
Monroe
capital
*
7%
1,400
3%
Jan
64%
2,100
51%
Feb
66
300
4%
Jan
13
15%
200
8
Jan
16%
600
13
Jan
17
20%
850
19
Nov
24
100
15%
Apr
22
*
■"'
*
.
Dec
300
8%
Apr
12
Dec
14%
1,300
9%
Jan
14
Nov
10%
50
8
Jan
11%
Sep
48
49%
60
37
Jan
50
Oct
14%
80
12
■/•'
40
17%
4%
Feb
40
Jan
1 %
300
14% July
13%
2,900
Sep
34%
300
3%
! Montgomery
Jan
8
4
700
May
18% Aug
6
Mar
24%
1,800
10%
Aug
800
19 Vz
Jan
19%
COO
9
Jan
28%
38
30
41
16
•
.
8
5
6
101%
36
.12%
prior lien
5%
Rubber Co
10
29
Oct
preferred
Aluminum
American
Co
common
35%
15%
Oct
7% Nov
8% Mar
Jan
33%
Dec
Jan
110
Dec
Nov
42
Oct
Jan
Muskegon Mot Spec class A
*
I
\
6
Dec
Feb
7%
Dec
Jan
38%
Dec
48%
--j
.
National
Pressure
Cooker common
National Standard
Noblitt-Sparks
Capital stocks
Ind
'
Inc cap
North American Car
For
.<r
""
footnotes
see
common
page
239.
1
13%
•
—y+
Jan
17% July
Jan
12%
Dec
1,150
13% Sep ■;«
18 V*
Feb
33
1,300
27%
Jan
32%
Dec
34%
500
28
Jan
33%
Jun
10
100
Aug
M2 '
17%
Nov
80%
81%
350
77
34%
600
23%
61%
64%
3,550
50%
3,400
3%
Jan
26%
Apr
31
Dec
11%
Apr
15%
Dec
8'/«
Jan
12% Oct
7%
8%
32%
32%
15%
15%
300
11%
12%
9,900
10
10%
1,150
72
72
8%
;
X—/
7%
200
..
,
Jan
37V8
Dec
Apr
821
Jan
Jan
35 j
Dec
Apr
63% July
8% July
/
Jan
10
Dec
Apj
4%
62
100
73%
Nov
5%
8%.July
Feb
0
250
7%
Feb
500
800
,
,
12% Aug
.42%
11%
12%
900
33%
30%
33%
4,200
24%
Jan
29%
Dec
82
84%
300
56'/a
Jan
83
Dec
3,050
56%
Jan
66% July
•—
-
69%
63/«
39%
:
6%
Dec
Apr
40
Jan
10% July
16%
Jan
25%
11%
Apr
Jan
17% July
23% Dec
600
35
7
10%
25%
150
15%
23%
163/a
2,700
26%
10,900
15'Vb
v
7Vb Nov
4% Jun1
1,100
1,100
40
9%
25%
16%
25%
'
73
39%
—
/
;
Dec
23%
Feb
30
400
37%
Jan
51% July
15
Sep
18
Mar
July
30%
50
17%
10%
20 %
29%
18%
2,800
11%
21%
16,550
30%
57%
—
Dec
1,200
29%
49
..
58
Apr
12
16
Apr
200
28%
Dec
150
51
Sep
21% July
32% July
58 Vb July
8%
3,650
18%
14
Apr
20 y8 July
40%
19 Vz
Feb
53% July
950
19%
10
150
•v
4% May
8% May13%
Jan
5% Mar
Week's
Sales
Last
Range
for Week
Sale Frice
of Prices
Shares
■■■>:;::
*
Products prior pfd——
Baldwin
Churngold
Cincinnati Telephone
50
i
■'
,{i-'
79%.
Dow
Art
Gibson
1st
gtd——
pfd—_i——1
Eagle-Picher
Kahn
*
a
——100
•
Dec
Feb
13%
Nov
18% May
30%
Dec
250
5% Mar
16%
5% Mar
17
Nov
30%
Oct
22%
10
,
70
9%
79 Vz
101
*
*
—....
:
100
*
preferred
Kroger
—
&
—: ■/■:■;
72
150
233
41
105
105
/
:
4%
——————__50
Jan
9%
Nov
14
'
31%
,
Dec
40
Apr
Nov
110
Feb
Apr
V''/ 14
July
Jan
42
Dec
Sep
13
% July
50%
Oct
31%
Jan
37%
Nov
5
,v:.;-
2'A
4%
Dec
55
■/■
Apr
27%
58%
—
July
264
49%
37%
4
80
Nov
45
49 Vz
Mar
10%
29
669
13%
37Vb
Jan
«
49%
41%
-1
Dec
108%
May
10%
50
13%
_
IO8V4
Jan
100 V May
•;/v3;
14
41
.
37 « Mar
'
13%
37%
8%
17 Va
37
50
41
a
__——
Gamble
v;
14
4
Randall class B—————r--
Preferred
15 V*
34%
—————
Lunkenheimer
Procter
;
—10
——
...
15%"
Feb
Jan
7%
1.254
Mar
13% Mar
100% Jan
99 / Jan
52
~
108%
108
78%
2%
43
3
108
Apr
.
May
•27%
50
21
Jun
29
Oct
57%
59%
340
52%
Apr
59
July
4%
4'/2
85
3Vb
Jim
4
Mai-
■£ V
24%
44% V
23'A
24
10
47Vb
25
40%
Jan
14%
16%
:/:•■•; 373
8%
Jan
44%
48
35
Apr
735
12
Jan
193
15
Jan
44
' '
■
328
:/
Dec
47%
Jan
47'/b
Nov
15%
Dec
43 V
Nov
UnlistedAmerican
Rolling Mill—
—25
17%
16%
17%
21
...
22
Sep
150
10
35
31%
"■ *
34 7 a
Dec
Dec
7% May
51
55
41
■—
t
Mich
Drug
*
Yards
Dec
' Dec
V/f- 6
1
Stock
Cincinnati1 Union
5%
9%
Nov
10%
9%
14%
14%
3%
10%
108
..v:.r
23%
20
14%
34% Jun
28%
r9%
50
—
—*
•'
Oct
Apr
Feb
86
5
3
;
20
High
8%
25'A
28%
——5
—
DOIC
120
541
20,
35%
10
Cincinnati Gas & Electric preferred-lOo
N O & T P——————
'
lOVi
•rt*."'
26%
>!
16%
—"
Crank———
Ball
Cincinnati
Range for Year 1944
High
5
—100
—;—,——
Low
33
———8
Champion Paper pfd
C
:
20
20
7
Machine—
—..—50
City Ice & Fuel—
Columbia
Gas
——
Motors
Standard
—
Brands
—
...—11
——.10
*
"4%
64
Va'
29 V*
4
Vb
3% Jun
*5i% Jan
558
4 V2
64%
64%
236
28%
30%
255
27%
Dec
17% July
247/b July
5y4 Mar
66
July
33% July
iwwriiji
—..
Sep
3,400
1%
12%
500
9%
Jan
200
2%
Apr
3%
Nov
1,100
41%
Apr
53%
Oct
20
27%
Jan
30
Feb
Jan
29%
3
51%
29 Va
3%
Jun
11% Aug
Friday
Week's
Sale^i
Range
for Week
Lest
sale Fticj
STOCKS—
13%
13%.
250
11%
Feb
14%
Oct
18
Akron Brass Mfg.—.
150
12
Apr
21
Oct
American
July
Sep
37
150
32%
Jan
38
39
5
Dec
Dec
34%
Sep
33% Jun
U S Printing common—
36%
10
20
21%
280
common—.,———1
common
18
2
1214
200
17%
39
200
33%
Jan
47
18
18%
250
17% Mar
20% Mar
Coach
&
rL
Body
City Ice & Fuel
Clark
Controller
Low
6%
6%
5
12%'
»
-
Cleveland. Cliffs Iron preferred.
Low
High
50
Range for Year 1944
Shares
of Prices
Par
common
31%
Jan
43
V. 4%
' ' Jan
300
Rapid ———_—
—
U S Playing Card——————10
8
3%
48%
'■
2
37%
Jun
8% July
Jun
2%
3
■
16
1,850
>
;:
Apr v
Jan::
l«o
33%
♦.
25
Industries
&
12%
*
27%
4vn
4,100
4 '■ v/
Dec
Feb
% Dec
13
/
81
•
common——
Laundry
American
General
11
■
•
July
' Feb
17%
Par
Dayton
Jan
550
11
*
■:■-)• 6
16%
Friday
Oct
Apr
-29 %
10%'
10
&
13% *
62%
.
20
May
Co—:
.—;
common
Corp
4%
4,950
11
3 Va
Ward
900
22%
13
10%
STOCKS—
Crosley
6%
12%
100
■r—1'
24
Cincinnati Stock Exchange
Dec
15%
100
19%
100
lien—
Brands
Dec
40
13%
,
llVa
'29
20
37
HVi
21%
27
7,000
'450
6%
10
3%
32
42
8%
18%
'
500
26
Vb
1%
3,500
7%
13%'
'
Nov
16
17
*
23%
■
6% Aug
10%
650
38
6%
—«
•
National Cylinder Gas
*
■«.«.•
.Apr
/: 21
33%
18%
Cincinnati Street
26
19
:
38
Feb
10% Jan
37%
•
common
July
July
12%
7%
•
Dec
13
15%
.
3234
——1
21% Juiy
Va
5%
'
33 Vb
32%
16%
■
'
"
.
•
Sep
Co—
Chemical
16%
50
13
12%
Dec
17%
:■ ;
•
39%
;■
Dec
6% Aug
Dec
10%
•
107% 107%
5 Va-
5
Common
34%
,
*
(The)
16 V* Aug
7% Deo
700
8%
Common
;
3SVz'.i'
Co
32
600
26
Miller & Hart Inc—
1
'
Incorporated
Aug
7%
'
NOV
105
100
.
21%
—..1:
Paramotmt Pictures Inc—
Mar
31%
■
-;<18%
Jan -'i
3%
3,100
33
21
Corp—..5
13
50
;
__
1
preferred A
6%
13%
32
3%
•
-
New York Central RR capital—
23
950
:
7%
31%'V / 31
7%
1
.
;
common
Co common—
Nash-Kelvinator
Studebaker Corp
Jan
—
Dec
25% July
Jaft
50
,
.
20%
22%
1
L*
Co
Corp
U S
Jan
6
«
common
Iron
Oct
4%
—
?
»
common
com
38
16%
•
———
—
Jan
4%
■■
21%
150
6
22%
50
Bethlehem Steel Corp common
14
250
W
common
Food
/
,,,21
Topeka & Santa Fe Ry conl—100
12%
350
Ay
43%
Feb
>^/.:■ ■/.: :■'. U/'v'/j'
Mining
Standard
6%
■
,
McWilliams Dredging
16
5:
:
■
Nov
13%
•
Lindsay Light & Chemical
:■
20%
2
43%
13%
107%
preferred
Libby McNeill & Llbby common..
Lincoln Printing Co common
S3 % preferred
Copper
Jan
16%
-
5
,
common
Cumulative
Feb /
,vl3%; '
„
American Radiator & St San.com—•
Leonard
Leath
'Jan/
85
■138
.
capital.——„«■'
capital™
May
6%
Ken-Rad Tube &
LaSalle Ext Univ common
11
200
Dec
82% Aug
71% Mat
38%
-
Republic Steel Corp common
26%
13%
•
common-.,
>
common
Co
Radio Corp of America
23%
1
_
Jr)
Mach
Apr
32%
7%
■
—
28%
*
$6
*
Oct
19%
•
*
new.
Indianapolis Power & Light com
.
—
•
(Wm
10%
17Vb
4%-";
10
c
450
5%
*
common—
Dec
"
1
capital
Indep Pneum Tool
100
19
16
/
*
*
10%
40
17%
*
Illinois Central RR common
24
-v
103% 104% V
__5
:
.
Aug
14%
:A:.\
■
*
A
com
class
r.
•
14 V*
14
*
Hupp Motors common—
Cap—;
38
10%
25
.
Aug
18 Vb
Apr
100
24
••
Pullman
12
3
common
common—
Inc
100
31%
20
14%
11%
6,700
260
6
—* :
'
Bankshares—
2,450
12%
15
24
1
Hein Werner Motor Parts™—
Hibb
20%
10
T
cap
Transp
36%
17
17
10
common
G
"
*
com
capital
Jan
200
15%
—
•
com
Carbon
Jan
48
7
*
common
Harnischfeger Corp
Heileman
6% Mar
64%
"7 v4
common
Adv
common
&
Jan
29%
48
Jun;;
10%
Corp common
Corp
Great
18
79%
44%
18%
jl
19
_2
8
200
1,540
13%
5
Outdoor
W)
•
_10
:
25
100
i3%
16%
1%
Motors
(H
43
12
14%
General
Co
650
79%
103%
capital——2.4.1
common——5
Standard Oil of N J
*
10
class'A
Safety
18
>
cap—...—5
Pure Oil
36
%
45%
f'i 4% Nov
12%
General
Gossard
6%
C__
350
4%
43
General Finance
Gillette
Dec >•».
Dredge
.
(Peter) Brewing common
General Candy
li X, '
21%
35
--
Vv.--. ■-:.■
_
Drive
21%
Dec ;;
Dec
36%, Apr
14% Feb
4%
13
36
——.—
common
Four-Wheel
Fox
Corp
106
430%
15%
iVz
1
Watch Co_.
Metallurgical
Simons
Co
Utll
,14%
44%
Indiana
Industries^
■
Jun
17%
'
•■
15%
5
(The)
Household
Electric
Elgin National
r
•/..
—
common
Yates-Amer
Dec
20
17%
•
*
.
Domestic Industries Inc class A
Eddy Paper Corp
Dec
i*
common
Works
Wrigley
NoV
21%
2
—
Corp.-
5%
79%
——
Woodall
Nov
9%
20
•24%
42%
•'
Dixie Cup Co
Doehler-Jarvis
Jan/
•
,.35
5
,
-
Jan
1,100
28%
24
4%
*
common
Dec
2%
6%
capitak—-..1
Jun
4%
100
: 105
28
28%
a.,
Dodge Mfg Corp common
12%
•
17% Mar
50
30
'
&
Dec
36
Jan
4—.10
^-.4.2
Corp
Stores
Wieboldt
Jun
100
7%
Dayton Rubber Mfg common—.—-1
Deere
69
Jan
9%
__1
common—:—.
Common
Wisconsin
64% July
Feb
11,900
29
29 Vb
-25
common
Cunningham Drug Stores
.
of
Lines
Air
Steel
S
Walgreen Co
Nov
3%
3%
1
common
Cudahy Packing Co 1%
Oil
Common
23%
94%
94%
;> .17% : 18%
5
-.10
com
Container Corp of Amer common.. „20
Crane
Jan
31%
Utah Radio Products commoQi.'.^—. 1.
'
Consolidated Biscuit
56%
10
200
70
35
Dredge pfd——^.—-,.4—20
.1—1-;—™...—.—,
1
Carbide
Union
Oct
22%
16%
16
35%
common™
Co
200
70
_i.
1
—
208 South La Salle Street Corp
Dec
20
61%
Uten
Dec
Dec
—
Trane Co (The)'common.:
Nov
250
54%.
iV.'v.
Co common
Aluminum
21%
33 Va
Swift International capital—-———.15
Dec
129'%
8%
7%
_.—
Chrysler Corp
Club
Sep
Jan
Sundstrahd. Machine Tool commonw»w.5'
Swift & Co capital..
,.—25
Aug
Jan
23%
53%
Chicago Towel Co conv pfd
Cities Service
16
26
Co common——.4.—*
Stewart-Warner
Dec
58% Jun
10
83%
1%
Vz Mar
2,100
131
7%
30
Dec
100
1,750
_100
Storkline Fur Corp common
103% dec
Apr
Vz Jan
1,650
14%
n
54 V*
for common
98
Jan
79
180
38
Nat Stockyards capital
Standard
Chicago & North Western Ry—
c
106
21
''__■
Common
Jun
8%
5
common
common
Dec
4% May
34%
Iucrcommbh-;-^-k^L..4._*^.^_2
St Louis
Dec
"
22%
preferred
Dec
36
,:
Jnn
21
common.
Cummins
Standard
Jun
9
83%
83%
ll%
Jan
37%
Corp clask B common.—.—-1.
Spiegel
Dec
1,150
131
Chicago Flexible Shaft common—
V t
102
105%
Common
Nov
V:36
14%
f
131
May
3
3V8
.1.
Signode Steel Strap Co pfd-.—_.4___33
Nov
-6%
14%
•
%
9
24
800
.
"
13%
common
Sinclair Oil Corp.
South Bend Lathe
41% July
25
Dec
1%
L—
Dec
'
Dec
Jan
Car
Packing
Serrick
Oct
Jan
8
600
39 VB
1%
common
Burrell Corp
Convertible
Jan
16%
Steel
Oats Co
Sears, Roebuck & Co
Dec
101%
;
Dec
45%
*0
(The) common!:..
Schwitzer
Dec
200
1
■'.
135 %
10 1
RR "capitals-,<
fean'gamo Electric
Oct
850
100
50c
_
Chicago Corp
Sep
49%
101%
preferred—i———
*
Central States Power & Light pfd——*
Belt Co
16%
Pressed
Quaker
Rath
27% July
,18
24%
lien
Preferred
Sep
15%,'
6 %:
—1
L._
preferred
Jan
Jan
23,300
.
.
..
S W Util common
Cherry
16%
17%
14%
14%
•
Corp—
1,300
26%
24
10
common...
—
Convertible
Chain
Dec
23%
——1
10
common
M)
Common '.
Prior
Aug
5%
38%
26
Potter Co
95
50
6%
Dec
Dec
3%
Jan
5%
Pub
Illinois
Central
,*>
8%
Feb
35%
Ring
&
4/ Central
Jan
lVi
3%
5
Brothers
Castle
.
38%
pfd——*
common
Butler
Co
4%
300
4,300
11%
—<.—a
A
8Vb
6%
21%
—5
class A_
14 %
34%
5
Oct
31%
22
60.
180
46%
12%
6%
Poor & Co class B'____:
Oct
3 VB
—...—.—1
Common—,
Bruce Co
class
Wire
44
49%
49%
Elec.Switch
19
50
.
15
Feb
10% Apr.
100
34%
__
—4.—-—.100 V
—
Peoples Gas Lt & Coke capital
Perfect Circle (The) Co/—.—:
Feb
16%
Inc common.—.—5
Borg-Warner Corp common—
Brach & Sons (E J) .capital
35%
500
preferred
<
137% 139%
'
Dec
6% July
23/a Dec
Jan
1
3,650
"
Pennsylvania
15
common—.—5
Berghoff Brewing Corp
1
Bliss & Laughlin
2
4.6
__5
Nov
Apr
44%
;_i
—
com
32%
44
Higtt
Low
15
32%
137%
" L_
Range for Year 1941
High
15
.15
(The) common—_____lo
Co
166%
Jan
4%
16%
16%
——*
Corp—,
156 VB
26
*
10
Aviation Corp
Bendix
50
Penn
*
...100
125
May
8
~GVe
1
common—
common.
Apr
108
a
;
——v
Peabody Coal Co Class B
6%
;
Low
lien pfd_4._-__L._100
pr
Corp common
Parker Pen
40 Va July
6%
3
—3
Bastian-Blessing Co common
Oct
Jun
33%
Util
preferred
Omnibus
Jan
28%
1
3 VB
8
4
—
common——
Barber Co (W H)
1%
21
20%
Dec
12,850
7%
44%
*
common
Aviation Corp (Delaware).
Belden
7
Aug
Jan
10
126
163% 163%
2
—1
Co common
Athey Truss Wheel capital
Automatic
163 7 8
5
capital
Co
common
Invest
Associates
100
100
pfd
"fel
&
Co
41%
500
40%
8
Jun
9
50
126
Jan
16 Vb
100
West
1%
v'
23
500
17%
31%
10
"
Chalmers Mfg Co—
Allis
11
17%
31%
Corp common—10
Products
4%
850
Nor
High
A
3,650
7%
7%
1
*
common
Laboratories
Allied
Allied
11
Illinois Corp common
Northwest Airlines Inc common
Range for Year 1944
LOW
11
10%
5
Aluminum
Ball
Aetna
common..—.-.
Corp
Par
Northern
High
Low
par
Admiral
Sale Price
Sales
Last
Last,
STOCKS—
1
*
"
20
85
82%
!
21%.;
85
10
100
13
a21 Va a22
21%
5%
800
185
•'
.14%
tilah
Feb
6% July
Jan
12% July
25 Vb July
Jan
,248
18
Jan
22%
724
63
Jan
85% July
Jan
Sales
Week's
for Week
j
Range
Sale Price f, of Prices
STOC]
Cleveland
Cliffs
Electric
111
—5
Corp common-
Detroit
&
.
Electric
_*
Controller
General
Tire
Goodrich
(B
Bros
Interlake
$5
A)
Lamson
&
Medusa
Acme
National
Refining
National
20
Creameries
Oct
13%
Jan
Dec
Douglas Aircraft Co, Inc
Electrical Products Corp
10%
Feb
16%
Dec
1%
Apr
18 V2
Jan
24% July
Jan /
18
Oct
Goodyear
42%
Oct
Hancock
White Motor:
^ 245
32 Vb
Jan
100
3%
Jun
4% July
100
6%
Jan
11% July
40%
Jan
49
Dec
Hudson
15%
Jan
21%
Nov
Hupp
16
19'A
1.040
14 Va
a27Vs a27Vs
50
25
20
Feb
30
33%
Apr
42% July
a41% a42
-—50
—:
1—*
■:
'
,■
Cleveland
-1
Graphite Bronze com
Rubber com——
*
Firestone Tire &
Interlake
New
Iron
Oil
37%
Apr
45%
Jun
Merchants
205
38%
Feb
57
Dec
a58%
Nordon
Feb
40%
Dec
Northrop
a 19 V2
•
common—
.
S
Steel
common
301
15%
Jan
23%
Pacific
Clay
205
15%
Sep
20 Vb
Pacific
Gas
21% July
6%
Pacific
Feb
19% a21 'A
413
16
Apr
441
50%
Apr
63% July
aG0% a63%
55
Jan
20%
a21% a21%
—*.—
•
Steel Door common
Youngstown
647
Oceanic
a
Republic Steel common-———
U
Air
Oil Co
10% July
Dec
13
Dec
10,005
1.80
Jan
3,200
1.30
Jan
Corp
Oil
Exchange
York Stock
New
Chicago Stock
Stock Exchango
Detroit
Exchange
Aircraft
Solar
3.965
9 Va
Jan
2IV4
t>ec
28%
425
20Va
28
Dec
11
11'A
1,600
7%
Jan
Jan
Ford Building
'"Universal
Friday
Week's
Last
Jan
14 Va
Jan
1,182
Jan
65 Va
Jun
64%
16%
of Prices
Low
A Alien
Electric
Baldwin
common
1
.
*
McLaren common.—.
Brown;
Burroughs
Adding
Machine-——.
Paper
—
Cleveland
81
Nav
Detroit
Edison
common
Detroit
Gasket
common.—
Detroit
Gray
Federal
Stove
Corn
7
Truck
Motor
A
1
i.—_a
747
Jan
3%
300
-
%
common———*
10
15%
15%
510
4%
1,750
28c
5,000
24c
35c
Feb
Jan
14%
Aug
v
Mr-*.:
4%
28C
'
>
Wood
Industries
/
10
.
4,100
30c
Jan
60c
Oct
15 Va
Jun
23%
Nov
11 Va 1 Jan
17%
Nov
-T
91
17%
142
17%
1.60
Jan
General
Goebel
Motors
Graham-Paige
Lamp
Hoover
Aug
Dec
Hudson
Motor
-
52%
Kurd Lock
class
& Mig
7%
Feb
2.875 A
2%
Jan
6%
5%;
6%
11.387 A
IV4
Feb
1%-
10
1%
9%
25
25
12%
13%
J
B
*
17
17
*
r'f 7V«
7 Va
100
9c
7%
38 Va
15%
6%
-
S F Ry Co
v.. A T Si
Atlantic
7
Jan
49%
40'%
Jan
48
a20
a20
10
5%
Va
17,235
40c
40c
40c
7,100
11%
11
11%
4,376
L_l
common
KinseL Drug Common—
La
Mach
key Fdry &
LaSalle
Wines
Masco
Prod
___1
common
iA
common
MeClanahan Oil common.,..j
Michigan
Die
Michigan
Sugar
Micromanic
Mid-West
Baldwin
Oil
Co-
Dec
Boeing
Airplane
Borden
Murray
y
—
common
1%
4
May
3
l'A
Aug
Nov
Commonwealth
Sep
Cons
Feb
16%
Dec
8
Nov
13'A
4
<•
3
&
Oil
Motor
Car
Class
A
Dec
2%
Jan
General
4%
Jan
7%
Dec
Parke,
Davis
Parker
Wolverine
5%
1%
Jaii
1% July
Dec
Graham-Paige
4
Oct
Interlake
1%
Oct
Int'l
Oct
Int'l
Dec
Kennecott
Libby.
May
5
Jan
700
1%
Jan
3%
15
ISO
16
Jan
24 %
Jun
9
Jau
14%
Aug
Corp
—
Peninsular
Mtl
Prudential
Reo
Pr
Raisin
1
A
•—
Paper
;_i
_
14%
Scotten-Dillon
Sheller
Mfg
Simplicity
Standard
common
10
——
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common
Patt
Tube
B
Iron
Tel
Tivoli Brewing common
Udvlite
Union
U
S
common
Investment
Radiator
Universal
Warner
1
•-
—
Cooler
Aircraft
class
B_,
common.
Wayne Screw Products
.
J
common
—1
4 •
;
*
7%
•
•
1 %
5%
•:
.
'
13 Vs
17
Feb
-
8%
Jan.,
11%
17V8
Sep
20%
16 3.8
17%
1,025
13
13
100
25
50
:i,-.A*al6% al6%
10
25
Dec
7% July
Feb,
Z, 180
.
Dec
July
5,141.
A
Sep
Dec
Dec
12
Jan
15 %
10%
Apr
12
July
18
Jan
26
Nov
7%
7
6%
a3e
Apr
13%
5% May
a3c
1.00
1%C
1.15
Nov
Dec
7% Jul
Feb
1.10
12
9
5c
Jun
Jan
Ma
1.45 Au
12'A
740
42%
240
36%
Feb
164%
970
156 Vs
Jan
42'/a
Feb
43%
Feb
28%
Dec
42 Va
16 4
a
al63%
a
a48 Vs
Apr
a 83%
170
"56
40
29
12% Aug
43% July
>165
Jan
a
a
82%
a85
a32 a33 %
6%
6 Vs
a25%
•
6%
a
a34 %
27%
19%
1,305
71%
919
a
Vt
20% a20%
a34%
a
16%
al6Vs
a
50%
Dec
26%
Dec
Sep
18 'A Mar
Apr
66 V8 July
13 % May
1,370
17'A
32% Aug
5% Dec
19 'A
33 % Julv
Mar
36% May
45% Jan
25
4'%
a
83
30
40
4V4
a
15
221
a50 Vs
;V >'.•
Jan
Nov.
57%
50
a35
30% a38%
Nov
6% July
3% May
19 y4 Feb
395
18 V8
68
■
,
4,260
3%
75
14%
39 »A
52
Dec
5
Feb
Nov
Oct
Jun
18
...'
Feb
Juiy
Jun
'
»
Va
%
250
%
Feb
1 Vs
a20% a21%
274
11%
Jan
19%
5V8
Jan
■
Dec
10
1,500
9
Dec
a32% H32t/8
«
75
30% Mar
32%
Jun
10
16
20%
Oct
7 Vs
Nov
9%
10
5
_
5
155
A
8% May
760
•;
3%
Jan
9%
Apr
3%
Jan
2% July
15
Dec
•f:"i 4% July
13%
Nov
Packard
*
a42
_
__
w
■
*
*
Inc.
*
Jan
•
7 Va
Jun
Aug
36% July
Jan
Apr
31%
Jun
Jan
19%
Dec
Feb
36%
Dec
30%
9% July
•
6%
Apr
.67
27%
65 Vs
Aug
65 Vs
25
23
Jan
27%
Dec
8% July
Aug
48%
51
1,250
42
Apr
53%
Nov
2 6'A
23%
26%
6,410
15%
Jan
23%
Dec
10%
10%
190
Nov
"20 V4
20 %
20'A
948
19%
19%
305
5%
6
4,400
#
Co
43% July
53
48%
_
Car
a
Feb
12
456
27%
Nov
Dec
Mar
6%
76% a77 Vs
a
I
10
_
'
Aug
40
25%
8
8
'
11
Feb
149
560
a
—w
Dec
1%
1,588
38%
38'A
—
Oct
320
10 Vs
21'A.
s
18
28 y4
340
9%
—
43
4,565
20 3
*
RR
Co
6 %
51%
a29% a30%
21%
40%
50
534
*
9
210
.
Jun
May
35 Va
1,479
513/s
1
Inc
Aviation,
a42
55% a55%
4%
16
500
39%
a42
Libby
Co
135
9% alO'/s
_
Central
1,235
39%
*
Corp
6'A
20% a20:,s
Apr
6
7%
Jun
11%
16%
'
Jan
19% Aug
15%
Sep
19% July
3%
Jan
6%
Inc
1
30'A a3G'A
60
Pennsylvania Railroad Co
50
a375A
a347/8 a37%
700
25'A May
26% Feb
33 Va
Dec
25
a27%
a26% a27%
251
20%
Feb
25%
Dec
a49!/2
a48% a49%
Motor
Paramount
Phelps
Vt
3.575
7%
Dec
2.760
'2% Mar
6 %
Dec
Pure
740
1 % May
3
Dec
Radio
3%
4%
2.117
2%
3% Julv
Jan
39%
*
Robbing
Si
American
Oil
19%
=»
Inc
American
Ohio
a
;
North
:
a203a
Corp.
Copper
York
a21% a215,'«
*
Tel
&
a21%
Pictures,
Dodge Corp.
Pullman
Qil
Incorporated
Republic
.♦
Co
Corp
a
of America
Steel
Corp—
—
•
11%
•
__
r
29%
Aug
Dec
181
41
17 Va
18 Va
505
15 Vs
Feb
18
Mar
10V2
11%
3,042
8%
Apr
12
July
20%
21%
1,676
16%
Apr
21V4 July
7
1.615
2%
Jan
7%
l.J">9
4%
Jun
6%
Nov
Bears,
Co
•
4%
2.207
2%
Jan
5
Nov
8orony-Vacuum Oil Co
15
15 %
15 %
3,567
5%
300
1%
Jan
5%
Dec
Southern
Railway
Co
•
a36%
a35% a38%
355
1%
1%
4,935
Jan
2
Aug
Standard
Brands,
Inc
*
a29%
a29% a30'/4
5»A
5%
700
Jan
5%
Oct
Standard
Oil
May
50'A July
Dec
pii,
4%
-
5Va
55
al4% al4'/2
5%
4%
r/'
39
6%
6%
•
Sep
6 %
7
•:
1
common—.
common
'
-
r.1
—
34%
ri";
1
Canada
North
'A
5%
7
2,050
1,057
4Q;
.
6%
s
pfd—
Co
Ry
McNeill &
Loew's,
3
7 Vs
!
■
—w
42%
5
Corp..
Corp
Corp
Nickel Co of
5%
5%
1 :
com——
Jan
•'
a
Motors
Northern
Great
2%
7'A
...1
common..
class
Jan
24%
39%
»
Dec
800
29%
1,275
,24%
.
Jun
16%
12%
222
44%
11,%
_
2%
Jan
12%
30%
32 Va
42 Va
5
Co_
13%
Jan
Feb
1%
/
Dec
31%
5
New
1%
4'A
32%
6%
Aug
9
...>
Apr
1
31%
200
4
Dec
1,113
30 Va
1,175
.
Apr
11.410
.
27
3
30%
_
26%
2%
■
Dec
Apr
31%
«
Montgomery Ward & Co, Inc
475
15
22%
7%
__
Aug
2"a
.
Jan
2,314
7
-
_
6%
2%
;
.
—»
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;
783
28 Va
«
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Feb
2 >'/R
2%
.
Dec
14 Va
Va
27
>
a 1'/a
_1
1.196
30%
15 %
13%
19%
_
3%
16'/a
___j
common.
common—
Motors common
River
*
common..
Invest
-
'
-
30%
14%.
•
common
Nov
Jan
102
2,146
7%
_
3.135
r
Jan
10%
54
16%
11
*
Corp
F)
(B
Jan
65
425
5%
Apr
41
50V2
50
Corn
..
Foods
40c
14
5%
27%
2,097
General Electric Co
Jan
72 %
•
Nov
48 Vo
Corp.—
Corp
—
Goodrich
14
—•
common
Aug
23%
22
a26%
(Del)
Co
Zellerbach
McKesson
Packard
Dec
42 %
-
Dec
22%
__io
Dec
54 V4
Jan
July
200
3%
10%
36Va
Z. 1
_
Southern
Si
Aircraft
Vultee
1%
800
14
Jan
'-47% May
85
54
5
Commercial- Solvents
May
1%
1.743
') 3Va
30
16%
„
..
„
Caterpillar Tractor Co_
7
18 Vs
24c
38.400
Nov
33%
Co
Columbia Gas & Electric
4
'
1 Va
a26% a26%
—
1%
■
Apr
Jan
57c
100/
42 c
1%
.
—A-—*
,
300
Feb
43
42 Va
*
Borg-Warner Corp
2% Mar
1.475
7%
2%
•
1
„'50c
common
4%
3+c
■
3
——*
%
1%
41c r#
—1
common.
common.*...
common.*.—;.—
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4
f-
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43
vtc
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Nov
6%
500
11*A July
33
Corp
Aug
8%
200
1%
7%'
:'T
Vs2
3%
Oct
48c
Mar
5
Works
Locomotive
Barnsdall
Curtiss-Wright
1%
r-
>
■'
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common.
Abrasive
Prod
Motor
Casting
Hone
4
———2
common
Screw
•w«.
Jan
7
Sen
May
87/a
1,625
9%
a33 »A
Sep
3%
—_i
;
5'A
28c
33%
Electric Bond & Share Co
Products
Kingston
7
1,300
—3
Crown
2o0
Oct
47 %
608
;_100
Aug
610
Dec
995
5G
Co
Continental Motors Corp
*-
38 'A
Jan
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Continental
'
Oct'
Dec
52
*
Corporation
Dec
V
Jan
-
7'A
48%
*
■>
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Aviation
Jun
15%
—A-5
common
48c
35
51%
10
—
23
14%
35 V4
100
38
Jan
48%
52
————.14
*14
210
Jan
5% May
30%
984
a34% a35V
a35
—100
700
-
May
1,000
4,200
May.
14c
8,462
35c
39c
1
Co
A A,: 211
common—.
6C
25c
9c
8%
30c
;
*
Corp
Corp
*
65% July
250
13 y4.
2%
/
San
Co. (Ill)
&
9%
96c
950
9%
5
Jan
Nov
10
Co
Refin
Mining
7%
15
Jan
3%
common—.
Car
Jan
64%
—l
Si
Bethlehem Steel
Mar
3%
Hoskins Mfg common——>__
Houdaille-Hershey
3%
64%
common
Bear
12
200
200
1.750
Dec
•/'!
3%
common.——
Ball &
15%
4%
4V2
2.260
7
•
10V«
•
30c
1
*
—1
Tel Co
Jan
———_u,l
common.
Grand Valley Brew
Hall
Si
Tel
Jan
€4%
_
Smelt
American
5%
l
common
American
Dec
2%
:.
—10
common.—
Brewing
7%
14%
7
Dec
1% Aug
6% July
Jan
11% July
300
90c
200
33c
Oct
1.75
Sep
3,800
1.65
33c
•"
-'
Stand
Armour
605
Aug
Stocks—
Rad" &
Oct
.
Aug
6
Jan
IV2
2,095
1
7% July
Mar
3%
I6V4 July
60c
1
9 Ve
12
Amer
15
4%
14%
,
'
'
'
Unlisted
5
Viscose
75
Feb
14%
1.60
Co.:
Dec
Copper
200
33
50c
17%
/ ■
Jan
May
Sep
*
8%
a22 a22%
Mng Co
S
17%
Anaconda
ICO
7%
Gemmer Mfg class B—A—-AAA/A-—j.*
General Finance common———1
fj■•'V
Jan
Si
American
521
27
10
*
class A—
Mining
Jun
'
3
common
Jun
Gold
Chollar G
21
!•>
Gar
Cardinal
Cons
Jan
1%
72 %c
300
13%
—
•
1
Alaska Juneau Gold Mng CO——
Jan
5%
/
4% '
Jun
4%
16Vs
Dec
100
*
18%
13
92 %c
90c
33%
1
1.945
200
Jun
87 %C
C_orporatj[qn__=r-__----2
2,024
16
16
Frankenmuth Brewing common——1
Jan
7
5%
'
•
16 VB
200
4
Jan
3%
,:.'e
21%
1
'
Ww
•
--wV
.
A
15%
Feb
4%
Dec
Dec
53%
33 %
Van de Kamp's H D Bakers, Inc
Showcase & Fix 1st pfd
2% July
Dec
14%
4.470
9%
10%
6%
3
100
18
16
5
common..
14%
12 Vs
2%
Jun
21%
1
common
1%
9'A
.
Steel
Dec
700
15%
50%
Apr
47
Mining Stocks—
Aug
1%
3'A
20
common/—
Iron
Detroit-Michigan
Detroit
11%
44%
145
lOVa
10
.
Jan
275
18
«
common
Jan
1.240
14%
ff
-r-* ■'
1
Crowley, Milncr common———
Detroit
+.£■;'■
•
10
:
common
1%
•
12 %
common...,
Motors
:
*
l'/e
6V8
27% llan
2%
11%
38%
1%
387a
1
Burry Biscuit common
Cons
Continental
2%
•
,
i
38%
450
904
High
ui,u
11%
__'l
common
common..;
Range for Year 1944
38%
A';
-
Rubber
Briggs Mtg
Shares
High
Jan
Jan
10
300
56
55%
30
15
Oil
Oct
9%
52 3/4
-
—
Consolidated
Mar
30c
1,300
90c
Western Air Lines Inc
for Week
Range
Sale Price
.
Dec
40c
56
Weber
Sales
14 %
4,098
16%
*
Company
Trartsamerica
Oct
Aug
15
Calif Edison Co Ltd
25
6%
preferred class B
-2o
5%% preferred class C
25
Southern
Pacific Company
*
Standard Oil Co of Calif-——
*
Sunray Oil Corp———
——1
Taylor Milling
Corp—————
5530
Telephone: Randolph
70
11%
31c
Southern
DETROIT
IIV4 Nov
55 % July
81
230
14%
64 5 a
-
Signal Oil & Gas Co
Sinclair Oil Corp
New York Curb Associate
25%
6%
Corp
Union
Shell
Members
Jun
24
—--
Co
95%
84% May
a51% a54%
1
—
Company
Security
90
9V4 May
Sep
3%
400
30c
10
*
10
Inc
Safeway Stores
5 Va
13%
25
—
Aeronautical
Ryan
-
5 Va
14%
common
Warrants
& Co.
Watling, Lerchen
80
a69% a71%
Republic Petroleum Co common
Richfield
Jan
11%
25
Ranch Oil Co——
Doc
Feb
45
28%
-
Corp common
Pacific Western Oil Corp
Rice
Dec
Jun
25 V4
1
Lighting
Pacific
23%
30
-
pfd—
Indemnity Co.
Apr
95
.1
1st
Dec
Feb
83
1
Elec common—*.
Nov
81
25
.
3 Va
2.00 July
19
a28 Vs a28%
a94% a95'/2
—
Aug
30 lU
5 Vs
10
Products
&
50
82
—J
*.—w————w*
2%
21
1,307
21%
Feb
Dec
18
15%
21%
a24V8 a24Va
A
1
Co—
Corporation Ltd
Jan
10%
4%
1.95
Petroleum
6%
a26
3%
1.80
10c
,--1
10c
Co—*.
Mfg
al9% al9%
York Central RR com——
Ohio
20
10
Jan
—1
Investment Co_—
Angeles
Menasco
a26
Va
Corp
Aircraft
Oct
10%
*
common—i
—
Co
Petroleum
Lincoln
Lockheed
24%
35
Co
Co—AA-AaA-------—
Lane-Wells
Jan
65
500
——-*
*
„_i
Car
Motor
19%
a39% a40 :
2
—*
Motor Car Corp—
Petroleum Corp..A
28
a58
*
—
General Electric commoti-,—
2
——1
Corp
Oil
a22% a22%
a441/a a44%
Addressograph-Multigraph common.-lO
common
McBean & Co.
Intercoast
Los
Unlisted—
Jan
Tire 81 Rubber Co com——*
Oil Co A common———*
Honolulu
29% July
if: 8% Jan
Corp
A—
Radio
Development Co
Holly
Oct
15
class
Television &
Motors
Gladding,
13%
14 Va
Youngstown Sheet & Tube
General
*
Ltd
Co
Oil
Exeter
Farnsworth
2% Aug
' ■
510
10%
19
Stores...
Drug
:
a52% a52%
25
America
of
Oct
53%
25%
15% Mar
431/2
12 Va
*
1
*
4
1
1
10
Preferred
20%
4
10%
JL
Works—
—
—
40
16%
■/:
Corporation
275
42
4
Aircraft Company
Consolidated Steel Corp
7'/a NOV
200
*
100
1
5
*
Corp com
California Packing
Jan
23
16%
;
Mar
5% Jun
65
Paper
Weinberger
Chrysler
16%
2%
40Va
Iron
Nov
22%
23
Oil of Ohio
Dorn
15
Jan
11
20
B
Seiberlirig Rubber
Van
Cessna
215
-
Standard
Dec
4.092
Bros
Rasin
Jan
27%
8%
■
River
23
20%
16 %
Patterson-Sargent
Richman
20% Aug
Central Investment Corp
30
56%
.,2%
class
Brass
Jun
Dec
34% July
1,275
*
—
30 V*
23%
■
Co
Jackson
102%
22 Va
.16%;
ne
Broadway
Byron
54
7%
Tile
Ohio
Dec
4%
17%
Corp—:
Oil
:
6 Va
4%
2
—1
Dept Store Inc com——_»•
Chlca
2%
17%
1
Co—
Corporation
Diamond
Bolsa
Dec
Jan
3% July
2
400
*
Gay Furniturp
&
Berkey
Blue
Nov
56%
22%
National
Nov
53
23 Va
Ceme
18
man
Low
8
7%
1944
Range for Year
High
Low
r
i
Corp common
Barker Bros
109
150
Bro
&
51
Jun
Dec
Feb
14%
8%
Sessions—
54%
Feb
a28% a30%
Portland
(F E)
Myers
Feb
Corp.—
Petroleum Company
bandini
136% Feb
278
14 »A
Jun
47
24
■
—
25%
12%
33%
24
Laughlin
Island Lime & Tr
Kelly
Aireon
69
33%
■
.
—
—
Shares
50c
Mfg
Jan
25
110-
110
110
pf,
cum
7% July
44
17%
52%
17 Vt
Steamship
&
Jones
100
/■:
Apr
40
for Week
of Prices
Par
Feb
19%
Sales
Range
Sale Price
stocks—
Jan
July
57
50
137
v
52%
Machine
Jaeger
a55%
-5
-100
J
_
Jan
64
a51% a54%
common..
(M
a29
19
4%
161
a55
F)
Preferred
Hanna
57
115%
Apr
800
a29
25
Co
Goodyear Tire & RubberHalle
7
"57
——
Rubber
&
7
5
Navigat n__
Cleveland
Nov
13 >A
110
15
2.401
20%
19%
Week's
Last
Friday
High
Low
';f
110
110
$4,50
Range for Year 1944
Shares
High
Low
Par
Angeles Stock Exchange
Los
"
Friday
ff Last
98c
3%
Roebuck
Co
Si
(Ind)
__25
al03% al03% al04Va
u_
14%
35'A
35'A
125
88% Mar
97% July
12
Feb
14 Ve July
22'A
Jan
33
Dec
31 % July
34%
Jun
OTHER STOCK EXCHANGES
RANGE FOR WEEK
ENDING JAN. 13
-Ws
Friday
Sales
Last
STOCKS
Week's
Range
for Week
of Prices.
Shares
Sale Price
Friday
:'■
■<
y
■■■.■
Standard Oil Co
Par
■
(N J)--
Stone & Webster Inc.
Low
•.
25
Studebaker Corp
:
;
——1
-.Swift & CO-——_i—■—-125
Texas
"Company
Union Carbide
&
Union Pacific Railroad
United
Air
United
Corp—
Company
Aircraft
Lines
Transport
Corp.:
United Corporation (Del)—
U
S
Rubber
—
Western
18
100
5
5
Union Tel
Co
177/a
32
*53
—_5
:*
13%. Jan
78%
82
13
26%
32
2
July
51%
Dec
160
1% May
570
43 Va Apr
50% May
11*% Apr
14
42% Feb
52% July
93
99%
47
370
50
_l
17%
al20% al23%
V1 17%
18
230
Woolworth Compa ny (P
10
a41%
a41% a42%
378
87
€2% July
14% July
*
Feb
6% Feb
37
Renner Co
Jah
6A'Z
A-
3%
10%
10%
1%
y/a
2%
Glas£
-
Aif
&
Friday
VZIZZ
>.jii
;>
American Stores
i—
Shares
Low
164%
common—_5c
—
Budd
(E Gt
Wheel Co—
Mfg Co common—
Pub
Co
.
90c
65c
May
2c
Jan
10c
Feb
"""«
34%
34%
29%
30%
30%
11
400
5%
Jan
320
7%
Apr
11
78%
Jan
96%
Dec
9%
9%
9%
1,365
61%
60%
61%
203
18 %
17
;
18%
6%
80c
65%
21%
21%
_1
5
13
_•
50
t 30% May
21% Apr
Phila Elec Pow 8%
pfd
Corp
—
Reading Co common—
Dome
,
Corp—
A
common—
.
—
40 'A
350
Dec
Dec
36%
Dec
38 %
Nov
22
Jan
7,090
18% May
1,423
23%
1183A
140
31
30%
31
495
34
35
310
23 %
21%
37%
17
10 y4
10%
—*
42%
44%
57%
58%
1
1*6
2
1%
40%
■.
:
r
at
1%
28%
120
Oct
25%
34%
Jan
Brown
Oct
16
Jan
27%
Jan
36%
11%
Jun
Nov
45 V4
38%
Jan
53%
Jun
v.
Oct
23
9,620
231
1
Dr
Dec
Jan~
Pepper
Huttig S & D common—
Hyae Park Brewing common
Jan
424'„ JDe^
Hydraulic Pressed Brick common—_100
_
Week's
49
Feb
33
10
5%
Jun
8%
Range
of Prices
Low
29 Va
■
Arkansas Nat Gas Co comr
29%
85
4%
29%
Ludlum Steel-
4%
50
14 %
14%
16%-
16%
690
467
——
Bvers (A M> common——
Columbia Gas At Electric common—-•
4Va
4
13
15
Dec
Dec.
4% Oct
Dee
;
CANADIAN
RANGE FOR
Z
■
Week's
Range
of Prices
Sale Price
Low
Par
——100
——
100
3%
49% 51 ^
147 .159
9c 9%c
9c
—,——1
1-58.
1.50
10c
10c
19c
18 %
13c
20c
100
—.
Aluminium Ltd common——
Co. of Canada 5% pfd.-100
Mines——.—Li—
-Z •'
.'
Z.—Z
Armistice Gold
Ashley
—
——
Gold Mining————
Astoria Quebec Mmes
—;—
Aubelle Mines Ltd —:
——
70c
7.85
80c
82c
8.25
85c
2,179
5,100
16%c.
10c
20o
5,800
13c
32c
2,500
--
.
10c
1-.
-1
preferred
1
7c
17V2C
7c
7c
17cl8Vac
37c
—l
1
36%c
41c
105Va 105 V2
75c
83c
3.60
3.80
—
—
Bagamac Mines
———1
Bankfield Consolidated Mines
1
76c
3.80
of
Montreal
Bank
of
Nova Scotia
new
Power
Class B
Bear
14V2C
16
-—^--^---5
Biltmore Hats
*
3
;
1.89
1.64
1.80
1.60
—
31%
163
—
^
—
-
43c
—
•
3
2.07
1.78
32%
164
10V4
22
41c
45c
10
10
163
10%
- 22
33c
I:.
Oct
23%
"
•
24%
362
7
Jan
24
Dec
150
45c
34"
Apr
2
'
2%._.
;
5
65
13
Apr
Apr
17 Va
Dec
50
12
Feb
23
Jun
50
16% May
20
16
Apr
28%
Dec
12% May
17%
Dec
21
21
20
20
27%
■
27%
20
200
75
Dec
12
Nov
Nov
29
29
10%
10%
1
JAN.
130
Ribbon
12%
13%
13%
7
9
Feb
13 Va
35%
36^4
36%
508
31
Jan
35 y. Nov
Sales
Week's
Range
for Week
Sale Price
of Prices
Shares
Low
Boblo
__
Mines
Bralorne
»
28%c Ap
17c
24,039
14c
Pec
15%
16%
3,440
11 Va
Jan
8%
8%
200
9%
Oct
27
27
75
25%
Apr
27
23%
24
10,878
20
Sep
24% Jul
«aZ
Brazilian Traction Light & Pwr com—*
S
Brewers &
Distillers
23%
8%
175
24
1,120
21
24
De
25%
26
110
22
Jan
27
Jul
•
22%
22
22%
245
19
Oct
24%
•
71c
68c 73 %c
75,525
60c
Dec
1
71c
69c
71c
27,585
67c
Dec
s
5.35
5.20
5.40
1,750
a
9%C
8%C
9%C
38,500
a
19
18%
19
220
....
Ankerite Gold Mines
8.05 July
Buffalo Canadian Gold Mutes
Jan
1.18 Aug
Building
15 %c
Dec
34%o July
Dec
25c
4%c Jan
'
18 %c
Apr
58c
Mar
9c
Products Ltd
Bunker; Hill Extension
Burlington Steel
&
Bums
Jan
"
Z^a
Mar
Caldwell Linen Mills
Calgar.v &
Apr
28c
3.20 Jan
Aug
23c
May
—U—v
Bird Mines
Oct
30
Get
2%
Sep
30
Dec
4
Dec
Canada
Jan
24 %c July
Canada
16% Mar
Canada
2% May
4
Oct
Jan
1.31
2.89 July
Sep
2.45
Permanent
4c
Nov
9%c
Ap
6%
6%
100
4% May
7
AU
112
30
109 V2 May
112
D<
6%
a
112
'
Jan
Canadian
11%
3,025
124
125
132
;so%
50%.
52
205
8%
9
370
33%
33%
755
13%
13%
325
165
165
21
Z--
:
'
'
■
33%
Nov
Canadian
Cnnadi^n Breweries
Bank
Commerce
10
Jan
Oct
Canadian
Z
•
new
-10
,
■
,
Jan
11% Ma
2.24 Ma
9%
De
119
De
43 %
Jan
,53
At
5%
Oct
32
Oct
.11% .Nov
145
Jan
8% Jul
34
13%
168
3,348
1,971
9%
Apr
12%
45
31V4
Jan
40%
72
25
65
Oct
70%
5 Va
5%
65
5
95
15
91
Aug
Feb
:
Jul
May
103
13 %
105
9%
5,315
46 %
265
14%
—
16%
.16%
.
—
14%
8%
45%
14%
9%
19
17-
720
25%
25%
30
18%
19
345
■
a
Nov
Oi
De
Nc
Ja
De
Di
6
Ju
97
Di
'
a
common
6%
Apr
95
Za«
common——
,
Canners
1.70
72
'
—
1st preferred
Conv preferred
10V4
12%
,
•
—
12
40 %
13
45
a
—.
•
„
■■
Preferred
'
67c
«.
—a.
.100
Nov
22% NOV
■
a
;
160
9%
'
•
Bakeries common-
Preferred
Z
124
''
,-50
July
Jun
500
_100
Mortgage
Steamship Lines common-.
11
8%
25c
7c
a
Preferred
33
Aug '
May
a
165
=
18c
——.—-•
————
Jan
9% May
50
a
Packers class A—
Apr
'22c
5,200
20c
———,4.—,—
8.50 July
21V2
151
1.90
20c
J
Canada Wire & Cable A
36c
12 Va
1.80
'
Feb
inc
13%
De
11%
•
Northern Power——
B
D(
De
11%
20c
inn
:
Canada
.
Ju
1.80
«
L
Malting
44%
11
18
11%
a
Canada
Class
Sep
Jun
Sep
7% Sep
Dt
Jul
15
~—
Oct
Feb
38
8%
5c
7c
.
26
21
Sep
13
1
—
Canada Cement common—
18%. Sep
Sep
15%
20
Jan
3c
15
:
Preferred
9 Va C
15%
23
a'
Class A
Feb
24c
11c
1,753
5Vac Sep
,
Ja
6.20 Jul
19
*
2nd preferred
Canada Bread common——
10%c Sep
1,670
98c
a
Edmonton Corp Ltd
Calmont Oils
Camp
620
Jan
Ja
1.40 Ma
;
*
71%c Aug
1.04 May
4.40 July
12
24
3.55
1,000
11%
0
31V2cJulv
Aug
3%c
3%C
—-
————
—
107
Jan
«
"A"
class
Co
"B"
Class
8% No
8% Aug
8%
23%
25%
Dec
Oct
0(
23%
Broulan Porcupine Mines, Ltd
7c
Be
De
»
British Dominion Oil
Dec
9%
a
Oil
Dec
Buffalo
14%
Packers——...
American
Dec
Dec
Ma
17 %c Au
15 %c
■"Z-v.
25
_
16
101%
Fe
50
Jan
«%c Mar
4,400
17c
a
Ltd
_
43 Vs
155
10
Dec
15%
Mines
Cordage common
Preferred
50%
High
Low
7
346
9
50
Range for Year 1941
-
12c 12 %c
12c
1
Mines,
Brantford
High ZZ-Z Z'. Z';'
8%
8%
.
_
Ltd
Gold
Bonetal
0
Corp common——
July
102 %
Dec
12
British
Sep
9%
18%
MARKETS
ENDING
British Columbia
Jan
.
Mar
44
Jan
12%
Sterling Aluminum common—.
-I
Stix, Baer & Fuller common
—10
Wagner Electric common—,—,—15
99
80c
Dec
Jan
Jan
Feb
Oct
July
British Columbia Power class A—.
5.75 May
10%
12
Oct
to0
100
9% Nov
Sep
• ^30
81,850
"16
9%
18%
10
55c
25.
TW
38 Va
9%
18%
38 Va
18%
Steel Common—————.—•
Scullin
103%
156,430
29,952
260
306
550
.
Dec
27
Nov
84
55
6,600
1,860
„a—_—*'•• ■
Gold—————1
48
Jan
5
50,600
3,345
42
42
13Vac 14%c
14 I6V4
—
Gold Mining—————— 1
Sons
15
Dec
Mar
Dec
May
96
2,100
Ltd————1
Beatty Brothers Class A——,——*
Bell Telephone of Canada——-—-100
Bidgood Kirkland
11% Aug
Jan
46%
17
8%c
12,549
195
10
5
290
Exploration & Radium,———1
Belleterre
Jan
9%
50
11
37 %c
12c
17 V2
28V2
29%
4%
—
15c
Apr
89
1,900
15c
Beattie Gold. Mines
Bertram &
6%
105
32
70,000
14c
—
class A——i—*
—
175
15
275
16,750
IO.V2C
17%
28 Va
29%
4%
new
Nov
1,79 Mar
Jan
Jun
58 %e
14c
Preferred
^
.50
Base Metals Mining-"——-i-i-w*
Bathurst
11%
47%
10%
440
8% Mar
IOV2C
17 %
.
—10
—10
Bank of Toronto--——it-10
Barkers Bread common——L—_*
Bank
29c
29c
14c
1.10
21,000
—
146%
15c
110
78(r
7.90
Jan
Dec
10c
1,060
100% 101 %
52%
Apr
58
6.000
101 Va
4% July
Apr
7%c
35
480
-100
Aumaque Gold Mines——————-1
Aunor Gcid Mines ——————1
Ault & Wiborg
•
5,405
590
18%C;
16 %■ 18%
98
98
101%
105
.
High
Low
2Va
27
Dec
21%
Preferred
Range for Year 1944
2,790
Sep
36%
14%
■
•
'
Feb
28
43%
Blue
Shares
100%
•
145
Last
1.60
Consolidated—1
Aidermac
Copper
————*
Algoma Steel common—————*
Gold
36%
8%
100
43
STOCKS—
High
3%
3%
50
158
Atlantic Pacific
Arjon
Nov
24
20
for Week
common—•
Anglo Canadian Oil——^
Anglo Huronian Ltd——-*
Aquarius Porcupine Gold———1
Area Gold Mines Ltd
1
Nov
16
17%
LISTED
WEEK
Sales
Last
Aluminum
134
23
Jan
47%
;
14%
•
Par
Friday
Preferred
Jan
Jan
36
'
•
———_20
Canadian Fond# '.
Ajax Oil & Gas_^——
11%
18
'
•
Friday
preferred
—
7% preferred
Acme Gas & Oil_^—
50
50
17%
Exchange
Toronto Stock
6%
13%
23%
24
Candy common.—.
.-*
Dry Goods common——*
Scruggs-V-B Inc common———5
'
Jim
17%
Jan
3%
Aug
Rice-Stix
v.
29 Va July v
Apr
2% May
6% Bep
200
4%
24%
High
Dec
27
National
Range for Year 1944
High
Feb
23
75
8% July
13%
Piping & Supply common—*
Missouri Portland Cement com—25
Shares
Sale Price
STOCKS—
24 %
•
23%
'
■'
Midwest
for Week
Low
Abitibi Power & Paper
8%
24 Va
-
common—.—*
Meyer Blankc
Sales
Last
Co
Jan
23%
Landis Machine common——25
Pittsburgh Stock Exchange
Blaw-Knox
40
100
Monarch $2.70 pfd
*
Laclede-Chrlsty Clay Prod common—5
common-.
Dec
255
•
Steel
Aug
45%
I'ZZ
Z I~ ~10
joo
Preferred
High
9
Jan
32
5
1936—50
6%
600
31
...4
ser
Year 1944
Low
45
w
—IIIIIII*
-
8
Range for
High
31
1
common
Hussmann-Ligonier pfd
Laclede
Allegheny
common
Shares
45
1
Knapp
STOCKS—
for Week
8
1
—HIIIv
Griesedieck-Western Brewing com—*
Nov
1% July
m m if m
Friday
693
Sales
Range
of Prices
Low
Co_—______„IIHIIo
Emerson Electric
iS Dec
2
common
common—
Coca-Cola Bottling common
—
Columbia Brewing common—
68 %. Sep
1% Mar,
Shoe
Century Electric
15% Aug
IOV4 July
84
Week's
Sale Price
Burkart Mfg common——
Feb
A^;',25-.:^:
227
Phone
CEntral 7600
Bell Teletype SL
Par
American Inv
36% July
21% Dec
17
•
STOCKS
Oct
728
38 %
17
26%
Aug
506
23%
38
Jan
116
c
»
Last
6%
24%
St,| St* Louis 2* Missouri
Friday
Dec
33%
25%
,
Si* Louis Stock Exchange
Oct
8% Dec
7%
Jan
21'A
Co.
&
Dec
Dec
12%
26
,25'-•
34%
20
Dec
Ju'y
5
4% Sep
5% Apr
4% Jan
2,849
117
.*
Westmoreland Coal
470
1,250
9,246
_*
.
V
5%
.
——
Jan
38%
Transit Invest Corp common——25
Preferred
—25
United Corp common
$3
preferred
8%
257/a
50
—
22%
Feb
5'A
—1
_
66
Jan
39
3
—50
——
——~—
Oil
Paper
Oil
8
•
preferred
Motors
—
16% Aug
3
22%
100
25
.
Philco
31 Va
—
47% July
12
34%
37%.
Pennsylvania Salt new com
,.10
Philadelphia Electric Co common——..*
$1 preference common—
*
*
9%
7%
5%
1
50
'
Sep
51% Feb
5,796
4th
Members
New York Stock Exchange
St. Louis Stock Exchange
Chicago Stock Exch .•
Chicago Board of Trade
New York Curb Exchange Associate
Sep
50
13%
8
"7%
*
11
62%
50
5
12'A
Mar
Apr
13% May
39 Va Apr
1,356
21%
5
613
-
July
Aug
2% July
35% OQt
Feb
12% July
40%
3,339
48%
i:
July
1.00 Jun
*
Established 1871
300 North
Jun
337
64%
_.
Jan
:
10%
45%
preferred
26 %
21%
96'A
•
Engine Co—
47
122% 123%
Dec
10%
•
.
Dec
11
5c
1%
Edward D. Jones
Nov
27
10%
47%
4.40%
15%
94%
64'A
Aircraft
Dec
Apr
Apr
'
10%
—
Motors—.
Pennsylvania RR—„—
Sun
14%
18
<
70
•
Storage Battery
Pennroad Corp
Salt
34%
13 %
Lehigh Coal & Navigation
Lehigh Valley RR—J
National Power & Light.
Scott
120
378
Brothers*
Gimbel
Jacobs
2nd
33%
*•
10
Kiectrie
General
Reo
t
21 Va
19 % July
Dec
166%
95'A
—
Light—
125%
Jun
High
1
Jan
Jan
,*
5
———————
Power &
14%
156
,*•
—
common—
"Prior preferred
Delaware
77
1,235
17%
26%
34%
Chrysler Corp L———
Curtis
17%
1
26%
Budd
18%
163% 1647/a
Z
13
Asphalt; Corp__'_^————__lo
Barber
LOW'
'
c
.1% May
Jan
Jan
St. Louis Listed and Unlisted Securities
Range for Year 19441
High
17%
.100
Baldwin Loconidtive Works v t
Dec
f-
for Week
Par
———
Dec
16%
Sales
Range
of Prices
———•
American Tel &JTel—
Autocar Co
Week's
Last
Sale Price
STOCKS—
2%
Jan
1%
Philadelphia Stock Exchange
.
Feb
41%
10%
~5o
Nov
Aug
12%
95
5c
-
2
45
1%
'
10%
•
Mfg
11
10% Dec
Jan
1%
10 "A
Brake
Westinghouse Elec
Jun
Jan
90C
__f_i
■
7%
16%
1
~
Alloys Steel-
20% July
45-
1
IIIIIHI-I_IIi1
;
6%
50c
1%
1%
120'A 120%
loo
_
Dec
5% Sep
Apr
4
16%
HIIIIIIZo
Jan
15%
11%
10 V4
*
18 %
•
10%
C———I
wiMsMngbeuse
6
19%
•
in
I__II_*
Oil & Gas_,_
Piate
Steel Foundry pfd_^
Vanadium
5%
19
1
Standard Steel Springs
_•
United States Glass common
42% Dec
19%
11
Forgings_f_'_„
San^Toy Mlni0g^_„^_.
Jun
19% July
19%
*
I_H
Fireproofing Corp
Pittsburgh Brewing commonPittsburgh
Pittsburgh
Pittsburgh
Pittsburgh
High
20% Aug
20%
£0
Natiohal
Nov
Low
16!A Jan
14% Feb
20%
19%
——Z—III1
Brewing—
Mountain Fuel Supply___
108 % May
34 Va Dec
Jun
Pitt
Harbison Walker Refractories
July
100
2,042
Westinghouse Elec &Mfg CO—
Willys-Overland Motors Inc—
—
Feb
108% May
22 3A Apr
75
1%
47-
—'
33 % May
527
64 Va
14
Fort
Lone Star Gas
113
325
a53 a53%
617'a
July
31% Feb
49 Va
;Range for Year 1944
High
•20>V
Brewli^"!——^--TT--—^.lo
Duquesne
20
409
V
32'A
T%
.
63
class A_-__
18
a
Shaes
Devonian Oil.
July
37
July
16% July
all8% all9%
a33% a34%
—
32'A
10
"260
a80Va a813a
—,
May'.
13% Apr
27% Jan
45% Oct
117
■
a39
for leek
of Prices
Low
55% May
10% Dec
8 Va
278
-
a49% a50%
,
—I
18%
Range
Sale Price
STOCKS-
High
53% Mar
185
.
a32% a32%
„_*
^
481
*
a37%
*
Co
United States Steel Corp
Warner Bros Pictures Inc
-
a50%
-10
.
Carbon
11%
a38%
————1
Tide Water Assoc Oil—
V
18 Ta
25
——
Sulphur Co
58%
11%
————*
LOW
»
58%
,
Texas Gulf
High
Week's
Last
Range for Year 1944
'
14
Dec
5
Jun
40 %
Jan
8Va
Jan
22 %•• Jan
12
Jan
15%
Sc
8% Me
45
17
25%
-19
M(
Di
De
Di
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4351
Volume 16L
CANADIAN
MARKETS
LISTED
JAN. 13
FOR WEEKENDING
RANGE
237
■
Friday
!»
■>•>
\
■>■''■'•■
77
■
Canadian
:>.;:7'-7Paf
7.
v.
&
Car
Foundry
Celanese
Canadian
Dredge
Canadian Food
-'•!
•
25
common
New preferred
Canadian!
•
29 %
30
A—*
6%
Locomotive
Canadian
Canadian
Pacific
•
...
preferred
Tire
Canadian
Wirebound
Corp
Boxes—
Patricia
Gold
Chateau
Gal
Chemical
Cochenour
Conduits
2.20
13'Ac 14'/ac
11,600
1
—•
5
5%
26c
28c
Consol
Bakeries
Consolidated
Crow's
6%
.1.53
6%
Distillers
15%
15%
51%
1,265
148
96
a
-A
;*
preferred—-100
145
1.21
:.100
—
23
24
39%. 39%
*
—
11%
,
-
Ltd—
■
Oct
4.25
Jun
3c
Aug
Manitoba
Maralgo
2.84 July
McWatters
Gold
Mills
,21
May
24%
Oct
May
39%
Dec
Mining
90c
Apr
Dec
Moneta
Dec
Montreal
Jan
52%
Oct
18c
Jan
1,470
33% Mar
42
1,370
24%
31% July
;V'.
Feb
19'A
8'Ac
8'/2c
9c
12,400
Apr
11c
9%
9
9%
6,461
23%, 24%
4,570
Oil
Gas
Light
Heat
&
8'AC
88,850
13 '4
v
•
A-
Muirheads Cafeterias preferred
A—10
National
Grocers Co common—,
•
15c
Dec
410
•■{•
23%
Dec
515
;
A
6.000
59
23c
Mar
18% Apr
465a Jan
Sep
Nov
185
9%
Jan
13%
Dec
27'A
Sep
100
1234
18
Jun
19%
17%
Dec
19%
95
11%
Dec
13% July
National
35
30
30
25
21%
Sep
24
National Steel Car
•
19%
26
20%
1,015
21%
Apr
26%
Apr
Negus Mines
1
3.35
30,075
15
2%
16
260
'13JA
Sep
15%
Dec
Nipissing Mines
5
2.40
5,110
2%
50c
Jan
Noranda Mines
•
8%
7
Oct
Nordon
Oil
1
52%
A_
1.763
8
14
14'A
Mines
1
7%c
14
14%
■;y
2.320
_*
26%
*
Foundries As Steel com
Dominion
15%
Dominion Malting common..
Dominion
Scottish
Dominion
Steel
Dominion
Stores
B
25
1;
8
<
*
!
Preferred
...
14%
—-100
—
:
Mining
Duquesne
Wast
;
Crest
—
East Sullivan
Electric
class
Candv
Federal Grain common—',
Preferred
Ford Co
of
Foundation
Fraser Co.'s
Frobisher
Power
General
Steel
common
Preferred
—
Gold
God's Lake
Gold
Mining
Preferred
Co
Preferred
Gold
A
Hasaga: Mines
Heath Gold Mines
—A
—-
Gold
class A
Huron & Erie common
17
17
325
11%
Feb
;
17
Bank of Canada
Oil
—
—
4%c
Preferred
common
■'"Prefeffed
common
6%
7%
6"%
6%
71c
V- Preferred
International
Petroleum
Jack Waite
51
Jan
15c
-Apr
40c
Preferred
Aug
July
2'Ac
17c
6%
30
Jan
5c
Nov
2%c
2.75
Dec
9%
Jan
115
Dec
;
Jun
St
Dec
St.
flan
Senator
Jun
,
3.85
Dec
Sheep
Sherritt-Gordon
18,640
,
65'c
Dec
1.29
Jan
20,335
49c
Dec
1,500
9c
July
15%c
Dec
Siscoe
19
190
Jan
19%
Dec
Sladen
10%
IIV2
2,285.
3.25
3.35
6,630;-'.
3%c
4c
4,000
38c
10,400
32
2,145
23%'
•
.
86
85%
86
15%
22
19
19%
13%
14
12,/2-
12%
13
10
_1
.
Nov
Mar
22
Dec
72
Jan
86
Dec
i'i 11%
Jan
17
Aug
Sep
>.11...
-
:.
Oct
19%
A;
13'A July
7
.
Sep
9%
Jan
14
6'A
Jan
9
54'Ac Feb
30c
7,500
i,2Go
70
,
LOO
July
Jan
,35c
15
99
May
106'A
'ollicoe
5
3 a«5
: " 21%
22Va
: 7,130
1.15
-1.15
12c
15c
(Ul)
22/r,r» "
28
19%
Auge-iuA
Apr
35'A July.<
May
23
?;•'■
Kirkland
JanA.;
July
5c
Feb
24c
For
footnotes,
Cons
Ltd
1
.Mines—
i
page
>.;>
52c
Sep
21%
295
Jun
2%
Sep
2%
Apr
7: 3%
Apr
20
13
45
4.25
3.40
8.820;:
V
Feb
29% Julv
■■
300
,r>
20
4.15
Jun
16
v,
5,500
3c
3'/a
r
Sep
Oct
5c
Jun
Jan
Oct
Oct
4.45
Jun
8c
7c
8c
7.000
5c
Mar
10c
Sep
34c
31 %c
35c
24,780
30c
Dec
50c
Jan
18
745
18
Dec
5c
1.13
5c
5C
.3.000
2'Ac
Jan
1.10
1.13
4,050
90c
Jun
74c
71c
74c
28.179
65c
Oct
92c
A 12%
12%
Feb
12%
17%.
13 % May
8.75
9c
July
1.10
Sep
July
13%
2,287
13
13
13
300
10
Apr
15
Af,-_
48%
49
15
»
25
Jan
51
Dec
35
103 %
35
35%
170
12
Apr
38
Dec
70c
s
:
.
105%
Jan
68c;
75c
29,800
42c
Apr
52c
57c
6,000
46c
Oct
23%
23%
Jan
4c
17,500
2 Vac
Dec
65c
Jan
1.70
30
150
19
Feb
30%
4 'a
>•■'■.910
2%
Jan
"14
15
330
10%
Jan
:
34
34
75
45
5%
23%
>;
,
5
16
16
'•
5c
1.50
1.60
2.59
2.59
,A
17 A
j
70
Nov
Jan
77
Jun
Jan
12 %
500
15c
4%c
1,000
>
2.65
•
1.25
3,094
1.96
3,427
17
Dec
4.40 Aug
3'A Mar
"
16%
Dec
8% May
34
..Jan
200
5c
Nov
15
■
2.04
8
20 %c 20 %c
,
61
100
45,325
Jun
July
68%
230
76
2.75
5
5
:
Feb
70
"■
Mar
5
Jan
100
'
—
...
8
2.63
1
•
■
35
•*
69
;
--
'
2.65
Mar
5c
'49.200
4
15
Dec
1.25 July
Jan
1.53
-2
25
20%
10
115%
3c
>
30.
>A
Oct
23
632
1.32
;
1-53
,
Dec
77c
103% 105%
3'Ac
a
1
•
common—
15
295
—*
1
•
3.50
1
80c
80c
*
* 30
29%
100
120
-120
1
30c
28C
19%
19'A
1.84
100.575
12
13
600
8%
1,050
Dec
6%c
Jan
Jan
41c
Jun
Towagmac Exploration
6c
6%c
4,700
4'Ac
Jun
8c
Aug
14
Jan
2 .13
-
5
Nov
16
Jan
Dec
27c,
May
Jan
Oct
1.94 >ily
.
Apr
-
Nov
Jply
.7%c Mar
•
•
2.90 July
>17y
VSep
19
11%
12
6,925
1.03
1.03
1.06
13,200
15c
15c
2.500
10'Ac
Nov
2.45
2.25
2.55
8,900
1.51
May
8.75 May
90c
Jan
20
Nov
12'A
Nov
1.20 Julv
1>
"
3.50
Mav
Jun
Traders
—
Finance
A
0
Transcontinental Resources
Twin
City Rapid Transit
•
common
Class
Corp class
B
—
-
*
Union Gas Co_^.—
United
1.65
8%-,
"A"_
2—
—_i.——
17%
779<J
)
> Nov
Jan
*• >13
90c
Jun
>;
105
24
Jun
30
] 20
'9
85
Jan
108
15,650
13
10
30
\
8'A
160
80c
28%
*
*
8%
,7 4.00 July
j Jun
Apr
Aug
31c
12% "
"
6V4C
38c
^1
1.65
3c
23c
11%
3.20
4,677
19.500
*
—
59'Ac
3.60
52c 59 %c
3.50
Thompson-Lund Mark Gold Mines—
Tip .Top Tailors common.
500
__i
see
May
14%
18
>.
17%
—100
8,320
1
4.20
•
4c
i
20
.50
* ^AA
-
30c
18'A
Mining & Exploration,—
35c
Feb
290
3%
8
4c
Kirkland Townsite
Aug
195%
290
2%c
*
29c
Labrador
21C
100
—A
Toburn Gold Mines
*
May
1
Lake
Apr
Jan
Radio
Teck-Hughes Gold'Mines
•"
1.85 Mar
95c
___1
:
Gold Mines
Nov
7c
>,>19%
*
Toronto Elevators common.—
Toronto General Trusts^
Co
Dec
33
130
2%c
Nov
30
29
—
6c
Apr
Feb
28%
*
■
———
"Sylvanitq Gold.Mines
Tamblyn
,
23
29
1
^^1
Sullivan
Jun,
Jar^
'
106.
-
Mic«»s
Kerr-Addison
...
i
;
38C•
"
i._
*
j
10,550
De
64c
28
_
...
367
Sturgeon River Gold Mines.,
Sudbury .Contact A
Nov
14c
iocv
40c
4c
10
50
.
1.105
Stuart Oil preferred-^-!-
24% July.-uj
Dec c
35
Ge
1.36
ll%c Jan.
3,000
30
35
"13c A
•
» 8.400
Sterling Coal
o>> >;
4%c
10.500
*30 '
-35
20
—
of Canada common
Preferred
.22
"
Kelvinator
—;
Petroleum—
1
Mines
4.%c
.y;
44c
Oct,
Juri
21c
Nov
60c
..
Jan
1
Steep Rock Iron Mines-.
106'A
96'A May.
19 %C
1
Steel Co
July
May
75
15%
Dec,,,-,,) r;
,,*
7%
30c
100
Mines
A;A- stedman Brothers
15% July
500
>,38,367
.
•
Sturgeon^—
Standard
58c
1.35
1.21
-
11% Nov
44c
*
A
Mines
Co
Preferred
2.92 July
Sep
58c
Standard Chemical-.-!
*
Standard Paving & Materials com—*
32
25c
20'A
July
r
28,400
20
42c
26% Mar
40c
1
common
class
Malartic
End
35c
>,
*
Gold
(N)
Jan
295
39,330
1
Mines
,
South
1.65 July
15
Nov
2.32 Jan
8.25 May
2.70 >
11%
15%
Apr
Apr
33 %
<
B
6%
1.255
2.50
11 >2
35c
1.24
Mar
20%
Springer
Jan
32
15c
2.68
2*
May
'V 26c
9,200
v-r
A'
89c
Feb
50c
Mines—
Gold
Dairies
Ltd
Slater
July
10%
106
1.15
14%
5c
3.70 Mar
12%
33
21%
14%
Sep
17'A
105 105%
■
14%
Oct
2,985
;
35c
24'A
10,300
2.80
"165
81c
35c
13
May
Gold
Preferred
Oct
660
100
9
24
,
-
A; 64c
245
v'
14
75c
80c
:
3,942
Vr
7%-
8
1.29
3%c
64
15%
13%
.
15'A
10-
15%
14
1.25
Aug
*
Sigma Mines
11c
1
Jacola Mines
Jason
Creek
50c
•
1.28
5%
965
4.50
1
Dec
18
'
Jun
8
1
Jan
11c
i
7%
7%
1
Mining
7'/a
Class
14
Ltd
6%
J
Feb
8%
Mines
Oct
75c
7%
Feb
Nov
8
*
:
Jun
Oct
23%
1.64
100
2t
4%
36c
-A
1.73
Oct
1
4%
45,318
!
Nov
70c
3.05 July
2.08 May
,
30
common——
1,780
70c A
' 34c
31^8
90c
8,950
1
Rouyn. Ltd.-
Silvcrwood
35c
31%
3,400
92c
7,306
V
.*•
Shawinigan Water & Power
Shawkey Gold Mining
Simpsons
v
1.10
89c
5,190
"
1
Sand River Gold
Dec
9%c Mar
6%c
V1
Feb
'
96c
10
^
Gold
Antonio
Jun
V'7.
96c
"A"
1
Mines..
Class A ——1—
1.35 Juiy
Jan
2.65
30
L
!
'
Corp
Dec
4.65
"A"—
——
Lawrence
Mar
1.84
Oct
58
2.52
A" 20c
l.V.AA A_-
Inc—
Anthony Gold
9c
•
Mining
14
Feb
47c
__50c
Mountain
Island
Jan
83c
10,700
May
July
4.55
*
—
Co
44 %c
50
•
Dec
10c
Jan
.
2.58
'-1
Russell Industries common
Jan
Jan
Oil
Feb
100
•
5%
class
common-
Bank new
Oct
24
common,—
Royal
Royalite
4'Ac
3.25
1
A
Dec
24y2c
—•
1.15
9
Jan
3'Ac
28c
Dec
1.50 July
Dec
4.55
1
-
3,210
....
58%
•
1
Roujm Merger Gold Mines
Sep
57
Mills
Roche Long Lac
12'Ac Aug
5%
■: 36
9.000
.
:
Mines-jV.^*-.__
(P L)
8,500
__
15
1
"i-AjLp*-
Silk
Robertson
45c '' 43%c
■•.?.
7,600
58%
59
1.12" 1.22
9
Jan
Nov
104
July
1.15 Mar
7,000
550
I
Mining „—'ii—-V,—
Gold Mines—
,2222—1
Riverside
Aug
19%
.
Reno
Mar
/Dec
12'%
«
Quemont
18 'Ac July
1.25
11%
91
Aug
1.07
70c
89c
Purdy Mica
44,800
11%
—:
Oct
101
'v.
•••.!
Feb
16,000
75c
60c
13c
70
276,076
._l
MineslAA.2-
Dome
Feb
I
of Canada
Gold
Aug
45c
2uc
uec
40c
8,000
5'A Mar
1
Mining Co
East
Proprietary
7c
3% May
2,375
32c
;;
I
C
Metals of America-—'
Preston
Dec
93c
6%c
9,210
6V2C
28c
.
Gold
Pressed
Nov
7c
•
Dec
1'Ac July
84% Feb
8,000
3.2£
7%
7%
58c
28c
Premier
38c \ Jun
52'A Mar
513
9%
' 5%c
75c
6'Ac
.'
380
6c [A
3»Ac
•
Jan
86c
10
9
5c
B
sic
52,300
6c
1
!
Mines
Mines of
34.658
>1.23
A —
*
Mines
Gold
Power Corporation
57c
Jan
2%c
15'
100
3c
3.25
2
Rouyn %Gold
Voting trust certificates
10% July
7'Ac Mar
.
1,000
'
Iii|ernatfonal Nickel Co
15c
115
■.r
28
143^
!
common-'—.
Gold
14c
60c
45c
Quebec Gold Mining
50%
15c
30c
6c
A
Dec
Jan
4% Aug
100 101%
,101
Queenston Gold Mines-A— A-i—- A_—1
50%
14c
24c
3c
—V
—100
—
11
0%
55c
40c
Apr
4,500
—.
1
Jan
60c
5'Ac
Aug
27 %
iW*
>
1
:
Aug
11C
__
5%c
8c
5c
5c
92
94
55%; 55%
lie Vile
5% ,7 5%
29c, ;
,
32c
53c
51c
54c A
42'Ac
43c
11,400
—-
:
Jan
Oct
25
1
Nov
2,000
—6
Dec
4.50 Julv
70c
50
1
3'Ac
186,575
-
Mines
Powell
Dec
17% Aug
105
Gold
Gold
lG'Ac May
6,400
21,050"
5c
*
—
International Coal & Coke
International Metals
;
31c
88c
.
Malartic
Jan
10c 15%c
--
11%
Apr
A 13c
Bol
5c
86c
£1
Inglis (John)
Inspiration Min & Devel
10
5%
Nov
5%
Jan
Dec
5'A
Oct
17c
Oct
1.29
-
25 'A c Mar
145,400
10
17c
Sep
1.37
40c
21.800
45c
5'A
•
_i
Dec
15c
—
Ltd
Co
43c
86c
•
37c
15,000
4%c
4%c
Mines
;
Oil
Pioneer
8.20 July
1.99 Mar
„
21%c23%c ...11,700
,
pew—— ._10
—
22c24%c
7,600
75c
11c
27c
:
Oct
100% Aug
10,010
65c
65c
10c >>> .9c
7—
4c
30c
8%
25
10c ll%c
10'Ac
Imperial Tobacco of Canada ord.nary_5
Imperlal Varnish
11% A/V ;A325
103% 104%
;
4.70
Porcupine
Pickle-Crow
Dec
Dec
-100
22c
41c
*
Perron
-SeD
103
—100
j.
paid
Imperial
38
Nov
*
—
Imperial
80c
'
Oct
92
Bay Mining & Smelting
Hunts Ltd
Jan
20
—1:7,
a
2.800
•
Jan
4
1.520
55.500
50c
Page Hersey Tubes
Penmana Ltd
21% Dec
—
1
Mines
Apr
1.20
5»2
L A,
Pantepec
Dec
5
Gas,
&
A
100
•
Oil
Apr
Jan
*
Oil
Oct
45c
825
2.55
•
Partanen
84
•
Hollinger Consolidated Gold Mines
Homestead
.
30
22,850
Refining
Paymaster Cons Mines Ltd—
95
1
—A
Highwood-Sarcee Oils
Dauch Paper___
Hinde &
10c
13,800
6 -v
45c
*
&
Feb
99%
104
1
—.—
34.600
1.20
5%
:
Apr
11
1
—
1.10
^
4
'99
104
1
Mines,.
Mines—
A
preferred-
26%
11
*
•
a
—————
Go'd
Gold
h 33c
16
9.00
Oct
Jan
—
•
1
Apr
Jan
*
Oils
Oil
Pamour
7'Ac July
15 V*
.12,400
36%
8.40
88
23 V*' Apr
.
25
36%
Oct
Jan
2%
125
•
Jan
4'Ac
1,252-
21 I- 21
60c
63c
60c
——-1
Bridge Co
Gpld Mines
20%
26
5%
8.80
—1
Mines
Hudson
3%
25%
92
—
Mines—
Harding Carpets
Howey
3%
26
;..l
1
Mines—
Halcrow Swayze Mines—
Home
3%
,——-50
Feb
17c
•87c
5%
Pacific Petroleums
38% Aug
60
..'-500
.:
Jan
2JA Nov
870
75
6.00
Apr
27
3,135
5%c
55%
& Alabastine..—
Gypsum Lime
Rock
67
.
common.——*
.
Gold
4%
5%c
50
Mines.Ltd
Gold
Harricana
75
common—5% 7
i
——-
...
335
3%
—
Grull Wihksne
Hard
Pacific
*
Saddlery
West
Harker
Pacalta
Bep
1
*
—
—
Preferred
Hamilton
Sep
3.10
12,555
38
i,
*.
Great Lakes Paper
Hallnor
10
1
i
Grandoro Mines—
Halllwell
Feb
10
5.00
4.50
37% ;
1
—
—
Gate I MiniitR--
Gunnar
6
1
Eagle Mines
Great
! 9 VI
4.50
37%
10
Crush
Feb
60'A July
11'Ac
Jan
2.26
Ottawa Car & Aircraft
Jan
4Vic Jan '
Nov
—*
Goodyear Tire & Rubber commons
•>,
Orange
Jun
.
-
Gokien Manitou Mines
Good fish
Oct
48%
'
2.80
July
45c
:
Dec
Jan
4%c
_1
Ltd
5
1
Mines Ltd
Mines
22
1
Goldale Mine.—
Golden
29
Gold
Omega
3 8'A
—
Ltd
Mines
15% Mar
1.89
2.17 Juiv
50c
2.45
j
O'Leary Malartic Mines
63'Ac Aug
Apr
51%
*
Dec
19%
3,000
1.15
5
■
Mines
Sep
25
9,170
A
12y2cA 12%c14'AC
»
-29
-
13% May
59 %c Jan
1,000
69c
*
Oils
Jan
4'A
1
Gillies Lake-Porcupine Gold
Glenora
Oct
13
'
„
*
—
Gold
Okalta
Aug
—100
Giant Yellowknife Gold Mines—
Rights
36c
>
Preferred
O'Brien
Nov
July
Jan
•
common
—
—
May
2.70
£
Mines
3
.—---100
-100
—
Wares
15c
Apr
•
;
>7 5%% ^preferred
32c
Sep
1.66
*
—
preferred
5%
95
Jan
7c
33,100
15
9c
15,500
36,500
60c
'•
*
—
Exploration
Gatlneau
28,600
Mines
Canada
*
*
North Star Oil commoir__
19
*
—
Northern
Dec
140,500
*
Mines-
Northland
Dec
115
f
20
•
Gold
Francoeur
Sep
8%
1.44
Apr
40
•
Co.
Ltd
Dec
104
5
5%c
class A—
.■
Corp
24%
Mining-. .———-1
Canada
Ltd
Mining
35%
*
Fleet Aircraft
Normetal
35%
——100*
.
Kirkland
Federal
Dec
9%
•
1
—
Norgold
13%
Jan
14c
—
"
Shops—
14%, Dec
3%
23c
——25
Nickel Mines
Farmer
Feb
Jan
1.00
46c
15
—
"
>*
alconbridge
Fanny
.
24%
>%.5
—25
A
B
Dec
Jun
class A_—
1,190
..
2.52
•
2V4
9%
?■
7%
40
,
12c
—
July
9%
*•
385-.
2,290
:
2.33
54c
—*
Equitable Life Insurance
f
22%c22c '
13 %c
2.50
Trust
Economic Investment
5,649
1.14
——i
Mines
20
;
8
1,00
1
—
Eastern Steel Products—
Class
7%
1.05
•
Mines
English
7%;
1
————1
Co
Oil
East Malartic
.
110% 110%
•
Dominion Woollens common
Mines
*
~7>
'
Dominion Tar & Chemical common—•
Donalda
■;
V 2%
common.i
Investors
class
?•
—
20
j_
Dec
13
12%
Pipe Co
61
Dec
9'3 Jan
100
12%
Sewer
Oct
33c
/ 18%
Sep
May
2.24
36c
20c
Nov
59c
160
.
19
:
14
Jun
12%
545
Apr
40%c July *
99C
10
;
Mar
92
25
new
55c
!
Dominion Coal preferred——
Bank
Nov
7'Ac Nov
Sep
0;
Dominion Dairies preferred
Dominion
1.80
May
194,500
--
\
1
Dec
July
t:
„
75c
•
Mosher
Sep
8c
63
A.
6;/Jan
617,800; :j. 14c
Dec
9,600
■k 1.75 May
65
f.
74'A Jan
2.14
l'1
Dec
Jun
107
3%c Aug
645
23c
A
Jun
12c
16,850-
23c
,
9%
Jun
1.34
Dec
Dec
July
9%
55% May
28,190
Dec
22'A
Jan
5c
"710"'
4,000
<
Feb t;
102
2,000
A
1.53
Dec
Preferred
50
20%c
100
Power
7%
193i Jan
6% Apr
" >
106 106%
;
•
common
4%c
630
8'Ac
•
Long Lac„
13
9%
60'A
•
&
9%'
106
_*
—
-
Corp
24
*
Dec
1.25
Nov
495
1
Knit preferred
Porcupine
Moore
July
19
1
Monarch
12%
10
27
;
Corp
Jun
18%
1
Gold
Mines
Mid-Continental
34
Dec
12%
18%
Sep
11
Apr
5
Mines
Lake
Mar
70c
26
Lake
84
12c
26
Red
Red
5
;
Gold Mines
McMarmac
60c
Jan
5%
100
Porcupine Mines—
Mercury
7%
7,098
9%
*
Dec
Aug
Apr
20
15
common
McDougall Segur Exploration
McKenzie
0
11
12%
20
Oil
Preferred
McLellan
112
4,000
11
14'A
•
common
Frontenac
Mclntyre
2%c
2.95
1
Preferred
McColl
2 %C
2'Ac
4.50 July
•
10
Mines
100
45%
_*
.
3.40 Jan
3,291':
*
Massey-tiarns
July
42
43%
& Eastern Mines
Preferred
Sep
1,000
44 %
Fields
Maple Leaf Gard preferred
*
Leaf Milling Co common-
267
i
Mines—
3.95
1
x
Gold
Mapie
Dec
11,800
•
—
3.25
1.30
•
common
Sep
13,050
1.19
; —:
1.19
■
1
—-———
2.42
3.45
Gold
10
60c
65c
11% ,12
535314.,
13c
13c
Dec
3.25
Ltd
Lake
1,320
-Vv
1.09
3.35
Nov
95
Get
1
Jun
55% July
Oct
58c
38,500
Jan
Mines,
Red
10
.
39%
90c
64,740
24
Sep
Nov
1.60
Jan
16
"
1.00
26%
2.12 May
Mar
149'A
90c
Sep
Jan
15,970
7
Oct
90c
1.60
28'A
22'A
13,260
2.20 July
Jan
1
,1.45 July
Jan
2.25
41c
38'A Jan
128
30
v
Apr
90c
21% Feb
4.00
1
1.50 :t:
24
—
—-150 >r:
Mines
14%
305
50%
147%
26
26.
26
.
1.03
'
2.40
Sep
July
Jun
295
2.26
51c
May
1.33
18,450
28
6%c Jail
3.85"
3.30
5
550
11,260
51%
Iill————,V
Seagrams
7
1.65
40,825
,1.42
17
Jan
2.20
Dec
May
1.41
1.32
Jan
2c
2.25
14%
29c
700
147%
J,
-
40c
^
Apr
Nov
13%
2.35
May
14
1.25
•
1
5
>
:
;
15c
'
1
48c
Feb
7,333
;
.
A.-
6.75 July
16 %. Nov
'May-
%c Jan
Macassa
July
Jun
510
4c
27%
1.35
;
16%
■>,'
1.32
34
6
-
16
4c
1
Goldfields
205
7,500
-
*
A
5.70 Jun
16
10c
10
._1
615
16
>9c
'v
2.75 July
20% July
Madsen
Feb
1.57
6.30
■
V:
16
Htgn
Jan
MacLeod-Cocxshutt Gold Mines—
1.72
liy2
6.20
'
Low
14%. Jan
Sep
Malartic
15%c Jan
1,175
80c
Dec
Sen
13
178,328
*
1.50
;.
,
Petroleum
52c
40c
—
common
Delnite Mines
Dome
43c
•
100
Preferred
Davies
705
Smelting——5
<St
Coal
Pass
Corp
.■
76,750
40c
1
(Toronto)
Paper Box
Nest
3.50
Canada.s..—» 15%'
of
Mining
Cub Aircraft
Dairy
2.94
-Imperial-'Mills——v .'.v
Cosmos
150
13% -13%
50c
•
Ltd
Conwest Exploration
Corrugated
15
18
Mines Ltd
class
Class "B"
2.50
21c
17%
3
i
;
Ltd
Groceterias
1.26 Aug
Jan
18
1
*
Gold Mines.
2.30
Jan
1.15
40,535
3.35
•
Co
1.77
14%
13%
Mines
Consumers Gas
.
1
Petroleum
National
1.60
1.64
22%
3% May
17c
Candy-
Loblaw
July
19,850
*
Little Long Lac Gold
Jun
8%c
3,500
■
Feb "
1.62 -Jan
2,840
1
Mines—
Leitch
1.55
Range for Year1944
High
1.40
•
,
*
:
Mines——
Mines
Oro
Feb
1.50
90c
2,075
1
Oaniaurum
18%
•
300
2.10
„•
Gold
Lebel
Louvicourt
10
..
2.20
Lake
Commonwealth
.
!
Co
Laura Secord
r
Dec
Low
1.35
1
Mines-
Nov
■
14
Apr
Gold
Ltd
July
85c
144
Mines,
Lapa Cadillac Gold
Dec
18
Feb
•10%
7,710
14%.
Wuianb
Plow
1.90
1.15
Knitting
Cockshutt
Coin
22%
1.90
1.08
.
Shares
l
Lang & Sons_.
.
100
—
Chesterville La rder Lake Gold Mines—1
.Circle Bar
17
Dec
Am?
Shore
Lamaque
..
5% July
133
11,015
>>
17
22%
6%
60c
.
-14
13%
Jan
Jan
17%
14,750
,
1.11
-
Jun
5
A'i 475 W
V
,
Wines
Research
Dec
61
'
5%
105
1
Central Porcupine Mines
Dec
23'A
Jan
..1
Mines..
47
Jan
Mar
13%
>7•_.•
——I
Lake
15
3,300
>
•■■A
77c
•
Dec
44
150
13%
*
Trethewey Mines—
Central
>
17%
72c
29
Dufault Mines Ltd..
Lake
130
v
150
20 7
Cariboo Gold Quartz Mines
Castle
17%
75c "
■
•
100
—
Ry—
Canadian
17% 1
*
—
Malartic
Oils
Dec
845-
7 %'••
6%
•
35%
255
22
.«7%
for Week
Par
12%
Jan
24%
-
Hign
Apr
8
590
.
50
6%
Canadian
'
47 'A
47
22
class b
Canadian
LOW
-
750
'
STOCKS—
Range for Year 1944
Hto/i
49%
com
Shares
12"%
22
Sales
Range
of Prices
•
■
for Week
•
Low
_>12
-
Alcohol
Range
of Prices
47
*
_>
Week's
Last
Sale Price
Friday
'■
'7
•
29%
common.i.
Products..
Canadian Industrial
Week's
Last
Sale Price
BTOCKS—
Sales
28%
17%
'75
13
40c
6%
25%
239.
{
■
*12
35c
Mar
Apr
Mar
8% Mar
55
17%
15c
l.i5-Aug
1
20
1.78
10
Dec
Nov
Aug
Dec
Dec
Nov
Jan
9%
Apr
2834
Dec
Jan
18
Aug
Dec
¥¥:'
238
Monday, January 15, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
LISTED MARKETS
BANGE FOB WEEK ENDING JAN. 12
Steel
United
Lute
50
———-—*
-
Ventures, Ltd.
1
•
■' 15%
.
Oils
5%
2.40
26c
23c
3%
Sep
1.96 Jan
6.00 Jan
18,565
18,398
6c
1,241,110
9,679
1,130
Aug
5.00
75%
21%
21%
22
410
Wasa Lake Gold Mines———————!
1.23
1.21
1.30
74,575
60c
Aug
1.44
Dec
Malartie——1
Western Canada Flour Mills com—*
1.25
1.18
1.25
8,800
80c
Oct
2.00
Sep
7%
7%
1,035
10
100
7%
7%
7%
175
6
Nov
75
Jan
West
New common
_
Preferred
New
—
preferred
Products
Ltd
Wesrons
common———,—
94%
94%
Go Ltd
preferred
Provincial
Nov
42%
42 %
117W;
100 7-
99 ;;K-
■
10L
Transport—.
35
,
27%
Jan
17
Jun
Jan
9
Mar
7
■
:'
'7
.
100
Dec
8
;
Jun
36%
Jan
93 '7' Jan
:":7877'; Jun
-145
7
,5% Jun
19
1,575
Dec
98
Jan
86
.72,920
100% 101
<7 91/0, 91/2
•
.9%
Feb
13%
-.60
•
35 %
k ,- '
23%
1,900
;
99 .■•.7,
8%.
■
7%
7%-.•••'
35
:
*—100
—
10% -11%
,<
' -;7—.;
.•
—
common_7.-i._—•
128 137 %
16%
preferred
—...——100
New 4%% preferred
Wiltsey-Coghlan Mlnw —
———1.
Winnipeg Electric common—
—*
Preferred
————100
WriKht-Harsreaves Mines———.—„•
York Knitting Mills common—
—*
Old
—
18%
785
99% 100%
99%
11c
7%
-
104
139,700
7%
8
Bherwin Williams of Canada
Preferred
Sinion (7H.)
Nov
108
Dec
101
Aug
*10
Dec
,
Preferred
Sep
20c
7% Mar
Viau
Biscuit
,30
10
128
Walker
(Hiram)
82
645
60% Jan
69%
3.85
4.00
25,770
2*95 Jan
4.50July
Wilsils
10%
10
10%
370
10% Dec
Oct
Preferred
:
Preferred
—
69
Jan
76
•
51
.
5%
40
75"
160
22
265
7%
7
8
77
57%
.76
5 Vk July
5
Sep
700
62
22% Nov-
Jan
Mar
14,716
Jan
83
Jun
.
U% Oct:
7-77
Nov:
Feb
20%
-
•
69% Aug
Jan
.17
19% 7 19%
,
'5%
.Oct
110
3% Dec
6,830
,13
73%
100
—
Feb
21%
►
19%
■
Sep
63
4%
—,,
*
109
Dec'
Nov;
16%' Nov
Jan
11
.
5
..
7 ,13
i
200
Oct
Dec,
Nov
25 '
Jan
240
,
145
Feb
21%
70
"
74%
—
—4——
Ltd—r_—
16V*
Feb
109
69
5%.
Winnipeg Electric common———i.*
Jan
16%
;
155
23
109
13
G-.1& W common-^—
78
3.85
6%
22%
—
*
80
——.
145%. 145 V«
-
25
4
15
common—
common-———-——
22%
2,775
United Steel Corp_——•
May
18%
18%
24%
23
Dec
3% July
22
Apr
13% May
17%
145 V*
-
—i.—4
13
24 %
Preferred:—-100
—
of Canada common—7.——<
Sep
1,340
17%
•
15 %
2% Mat-
5.530
20
May 7'
12
645.
...
3y4
24%
•
Steel Co.
100% Dec
•
T&, Sons
7
16
2%
.
19%1914
—U—100
———vl-—
',15%
-
com_4—»
:Sicks .Breweries4:
Dec
16%
Jan
5
7,639
Dec
.20% Nov
Feb
4c
Dec
147
99% Dec
150
11c
,8C
Dec
42
Jan
15%.
'7.- 3
'
—*
-
Dec
9-5%
Jan
7,7
»
Corp qotenonlt.
A
7%
11% Mar
»15
10
105% 105%
.
121%
100
18
Class
8
39% Nov
35
,
16%
18
Quebec Power
St Lawrence
preferred----_Lj_—_—>_50
Shawlnigan Water-ifc
4% July
355
128
22% Nov
20% Mar
20
41%
—
—*
*
—
•
—
40
100
——
preferred
Western. Grocers
Western Steel
78
Feb
&
-agr
17'/2
.
'
————.—•
—
'-16%
Corp of Canada—
•5 %
5.45 July
4,50 Jan
4.80
Preferred
17
100
Price Bros
Jan
73%.
57%
Products common——*
345
450
27%
com
Range for Tear 1944
titu>*
27
Preferred
Power
19c
Lo w
27
Light 73Heat &-Power
13% July
.
Shares
—*
'
4.80
>
Ottawa
for Week
'
of Prices
Pat
Ontario Steel
5% July
2.96 Oct
Range
•Sale Price
■
NOV
6%
Feb
7
Sales
ju-7v7'77 Friday. ]&; ■>: Week's
/'•;'
Ogilvle Flour Mills-Gommon-u-^.
73%
-
& Worts
V? ;
Dec
com—*
—*
Mines, Ltd—
Waite-Amulet
Walker-Gooderham
.
STOCKS-—v.
■:■'
\..*7 '7
7:'i'
man
48
Jan
5
10
5,650
16%
19c
-
r
2.60
14%
2.40
,———1'
;
5%
4%
5
Upper Canada Mines Ltd——
Vermllata
5%
'
—
.
>
uUV
32%
60
45%
;
Last
Range for Tear 1944
Shares
HlOtl
45
45
——————u.—25
Class B
for Week
of Prices
Par
.
Sales
Range
Last
Sale Fried
United Fuel class A
7
Week's
Friday
■
STOCKS—
July
.19
7% Mar
69%
Oct
■
bonds—
Uchi Gold
•
■.i.rv-
•
■
Mines
————..
■
35c
——,
35c
35
Jun
29
$1,600
Dec
.''Bonds—
•
Power Notes_i—
Montreal
7' 7-.Bank®—*■ '■<?
Week's
Sales
Last
Range
for Week
Par
Columbia Pulp
British
Preferred
Low
—-——
Donnacona Paper
48%
11
2 % ';
2Va
Preferred
•
.—•
31%
11%
12
2%c July
1.80 May
Jan
24%
Jan
31
Dec
1,605
9%
Oct
12
Dec
Abitibl Power
6%
.;:••
272
60
Jan
Ltd "B"_^
•:.•¥•¥••.- u.-'
Sep
Bathurst Power & Paper Co
Dec
Brandram-Henderson
Jun
Ltd
50
July
40
12
Jun
15
July
600
15c
Jan
49c
Jan
96
95%
97
105
95% Jan
96
Jan
British Columbia Pulp
22c
22c
22c
30
19c
Oct
25c
Sep
Brown
7%c
7%c
9c
7,000
7c
Sep
lie
Mar
148
158
Oil Co Ltd——
158
V*'
v
52%
425
2%
Jan
41
8%
472
6
Oct
8
8%
7%
550
1,199
20
Mar
310
23
Jan
36%
42
635
16
Mar
2.50 :;•/■ 2.45
2.60
,
b
Mar
Aug
8%
Feb
24
23%
Nov
Dec
143
3%
26
23%
■
4% July
Apr
3%
8%
*
■;•;•High
LUU
2%
8%
•
8%
——
Distill's of Vancouver Ltd—5
British American
Week's
Friday
Last
Acme Glove Works Ltd
common—
Apr
24
Dec
27%
Jun
38
6%%
'-•■
Dec
18%
*
Ltd
Aluminium
100
pfd
i——-——
"""
Class
'
Bruck
Silk
Gold
'
21%
12
preferred
—
122
8%
164
24%
Sep
Nov
.
,* 24
Nov
Jun
3%
Jan
11%
1.85 May
8
Jan
9
>
'500'^4
3,640"'
Dec
"
135
15%
Jan
20% May
6%
Jan
9% Dec
119
103% May
9
Doc
Jan
7,381
5
Aug
3,107
9%
Apr
12%
Feb
40
45%
220
31%
Jan
40%
Dec
5%
Jan
8%
Jun
Jan
45%
Dec
32% Jan
9%
♦
8%
9%
45%
46
39
39
39
11,040
452
41
Nov
11%
12%
4,753
8
Apr
12
Dec
29%
29%
740
25
Jan
29
Dec
46
-
39%
11%
29%
Canadian Car & Foundry common-
47
745
36
Jan
47
Dec
160
161
160
141% May
157
Nov
365
'
preferred
Canadian
25
..
—___—
*
Celanese common-
preferred
100
^
-
Canadian Ind Alcohol common——
.Class
'•
♦
B
Canadian
161
*
•—
—
Cockshutt
25
—
5
Dominion
Dairies
Dominion
Stores
Textile
Dominion
*
common
*
•
Industrial
13%
'
5
12%:
24%
102
Preferred
24
-
—
Power
Lake of the
Lang & Sons Ltd 4John A)
Secord
Preferred
National
Steel
Car
Noranda Mines Ltd:
-
239.
7%
11%
23
11% Mar
950
50
3,195
1,635
360
Jan
*
100
6%
5
Aug
Apr
May
16% Nov
17% Aug
105% Nov
%.
9%
Dec
7% Dec
65
Jun
13
Jan
22% Dec
112
Preferred
Woollens
Dec
Jan
18% Nov
22
Jan
30% Dec
28
Apr
35% Jun
19% Apr
Dec
Dec
22% Jan
20
Jan
33
Dec
5
106
Mar
115
Dec
23
Jan
26% Aug.
16
16
785
13
Jan
16% Nov
16
13%. Jan
16% Nov
Feb
9% Jun
9%
16
9'/a
9%
4
9%
15
6,731
1.400
8
6% Oct
22%
22%
° 'y
?734
?7%
40
41
690
44
44
It) I
19%
19%
2,735
13%
52
52%
2,157
48% Jan
-..25
1 * '
'
^
"52%
2,871
5
9V4
East Kootenay
50c
Jan
13%
Dec
Jan
9%
33
Dec
Jun
15
Nov
30%
31
220
15%
13%
Oct
37%
37%
38
2«0
28%
Jan
7%
7%
8
708
3%
11%
11%
.3,714
14
14
70
5%
24
100 7
'
Jan
Dec
39%
Nov
Fraser
■■■'■*»
2%
2%
3%
*3%
10
225
25%
~
26
895
38
2,037
■
V-
3%
*
26
Limited-^———-*
Comiianies.
8%
Dec
15
Nov
Dec
11%
Ffeb
7J/e Abr
Feb
''7
—---•
37%
of Canada Ltd A—
Motor
11%.
-
Aircraft Ltd
Ford
-
Limited————5
Aircraft
Fairchild
Fleet
36%
7
2
307
3
3%
Feo
4
Sep
Mav
Jan
23 %
Apr
26% Ju:i
20
Jan
38
Dec
6
Dec
1
International Paints
5%
Co_———*
Maple Leaf Milling Co Ltd common—*'
"A.*'
,
Massey-Harris Co
50
50
J ~ 7
7
Minnesota
Ontario
Limited^-——
Windsor
Hotel
—L———
Dec
12%
15
7,309
18
Dec
19
185
13%
Feb
22%
24%
2,435
19%
Jan
3%
3%
9%
9%
182
13%
14
7,700
60
60
145
3%
3%
75
102%
101
105
40
38%
40
'
14%.
•'
24
i
-
13%
—i
'
;
-
'
40
40
20%
—
.
22c
Dec
22%
1.50 Mar
Dec
Dec
6%
3%
Dec
Jan
10%
Dec
10
Sen
13
Dec
46%
Jan
* 3 %
Aug
91%
Jan
100
May
370
20%
22c
13Ve
20
35
32%
Dec
39
Apr
July
43
Dec
1,091
:
7%
.
20
5
10
"
23c
103
4,503
25
100
60 %
■
Dec
Feb
125
156
107% 107%
'•■
5% May
50
41
20
6%
••
•
7,"
38
-.,
4
Ltd——*
————
Manufacture
2414
27%
*
Distillers of Canada Ltd——*
Western Steel Products- Corp
>13% Nov
Jan
845
Moore
United Securities
Sep
18
1,116
.
Corporation Ltd—j—■
*
Noorduyn Aviation Ltd—
*
Power Corp of Can 6% cum 1st pfd_100
6% N C part 2nd preferred——50
19 %
31
24%
..
Paper-—
Jan
24
10
&
Jan
-27
■
Ltd 5% pfd——10ft
Limited com-—*
Preferred
2%
18
•.
'
•
Distilleries
Melchers
Woods
5%
23%
—'
1
Power & Paper
Pr6f6TrGd
22%
—20
International Utilities common—
MacLaren
5%
22%
Ltd A—*
(Can)
preferred--—:
cum
Mines—
*
*
;:.Ov7
,
35
.
70
¥
Mar
Sep
17c
2 %
30c
Jun
July
5% Mar
11% Mar
4%
Mar
4
Jan
2
Dec
106% May
May
15
Oct
77%
Jun
727% Jun
30
Dec
July
'
Copper Corp Ltd_i—
*
•Ltd—--——-—-—-—-*
Aldermac
Jun
l§c 77
19c
3%c
,
•
19c
8,400
3%C
3c
7,900
2c
4,000
3rl00
.39c
71c
2,000
4c
Jan
11%
Jan
38c 39
%c;
.Mines___-i_c:_-——-1
80c
81c.
Bouscadillac Gold Mines. Ltd———1
6c
8c
16
7,500
'Ui._•————1
Mines:Ltd——-_i_^_—c_-—*
Canadian Malartie Gold Mines Ltd-:—*
Cartier-Malartic Gold Mines Ltd_^_—1
Central Cadillac Gold Mines Ltd 1:—_1
Cochenour Wilans Gold Mines Ltd-'—1
Dome Mines;Ltd——™—
*
16
Bralorne
Duquesne —C.———,
Francoeur Gold Mines- Ltd-i.-—ii.——•*'•
Mines Ltd—————1
Kerr Addison Gold Mines Ltd-———-1
Joliet-Quebec
•
••
75c
-
3.45
,.<■
27
.250 '
1.000
500
62c
500
11%
,
400
7c
7c
500
18
18%
1,350
*
Gold Rand Ltd^i.——1
Lamaque Gold Mines Ltd—
Mar
•
1.75 May
25
77'
3q
Aug
1.00
.
Oct
July
3 25 Sep
30% July233kc D"c
Jan
80c
Jan
15c-
11
Jan
Sep
6.25,
-
18c
15%: Feb
6
Jun
July
:Oct
"
100
Dec
July;
9c
9.20 Mar.
4V«c
July.
133ac July;
.
19 %C Dec
38c
July
5c
7 84c'
Jaw
200
11%
..
15 %c July.
14% Nov
Jan
.
7%c,
.
,
Sep 7>
4,000
•7%C
31 c
69c
'
Jan,
2%c
23c
23c
62c
63c
Jan
■Oct:;,
.2 %C
3.45
26%
15c
3.000
7c.
4%c.
6.25
Kii-kland
May"
20% July
,
6.60.July.
——..—*
97c
80 c
Dec
Limited——-*
24c
500
17c
Apr
40c
Mines Ltd
1
68c
68c„
200
55c
Jun
-,94c
Ltd——
—1
2.25
,2.50.
1,800
1.38
Jan
4.35 Juiv
Gold Dredging Ltd—.:*—1
Pickle Crow Gold Mines Ltd———1
5.40
5.40
100
3.40
Jan
5.20
Dec
2.65
2.65
200
Jan
.3
Jun
Apr
23%
Dec
Louvicourt
Goldfields
19%
Sep
29
Dec
McWatters
Gold
Jan
40
Dec
Moneta
Porcupine
40% May
46
Sep
O'Brien
Gold
19%
Dec
Pato
Mines
1.00
.
Cons
Mines
1,500
24c
•
July
500
75c.
;6c
.4C
v
Lake Shore Mines Ltd——————1
18%
60
Jan
8,895
Power 7% cum pfd—100
33
Jan
3% July
10
47
9%
31
common———*
Paper CO Ltd—
Donnacona
Aumaque Gold
3,732
Sep
Dec
15c
340
13%
--u
Jan
60c
44
Aug
2% Jan
9
•
Dec
5
Mar
12
5,140
40C
13%:
10c
!'7:> 265
Jun
6%
:
Sep
22%
:
•
\
67%
*
Oct
25tt
525
'■
Jan
7
Jan
5%
Apr
2% Mar
Feb
,40c 45 %c
Jan
•
8 % Aug
Oct
595
9%
Oilcloth" & Linoleum—i--*
Jutt
34
4
3,301
2,980
Oct
Aub
15%
Jan
4% May
15%
Malting
Dominion
27
101
Dec
1*85
62
40c,
Dominion
100
Jan
174
8%
2.50-
Dominion
Mar
76
10
Jun
5
———*
Dominion Engineering Works Ltd—*
Mar
24%
7%
•:
12%
166
58
45%c
Ltd—_
—
96
5
Feb
Dec
24
Jan
Mav
167%
,95
7 7-7:7;, 7'517'
Jan
10%
145
6%
Consolidated DirSec "A"—
21
14% Apr
6%
<
36
8
&
Consolidated Paper Corp'Ltd
35
3,290
7
75
•
3%
250
24%
Dec
Dec
110%
Sep
58
•
3%
Aubelle.Mines
50
125
Alcohols Ltd common-—..
15% July
1,960
4,655
7%
Commercial
13% July
30
2%
7
15
300
Ai
50
Jan
33%
12%
2%
7
:: 45%
12% Apr
12
12%
2%
——i.„———_—
10%
355
12%
;
Ltdi_t—J—t-—
Wines
1,250
18%
170
w'- v
Preferred
2,765
109% 109%
40%
'•
Chateau-Gai
Claude Neon General Advert
Arno .Mines
L02
170
"< fr-'
■'
preferred;
—
100
Cassldy s Limited eommon—————1
24%
24%
160
7%
12%
;12%
109%
Jun
10
13%
106% Mar
13%
159
159
Inv 5% cum pia_u
Canadian Vickers Ltd common——*
14
13%
,
4,030
22%
m
—
9%
8%
120
4
—
'
For footnotes see page
104
Apr
Nov
22
13%
'V
Canadian Pwr & Pap
United
9%
•
'
cum
Dec
9%
Corp
preferred----——100
Canadian Light & Power Co——— l™)
Canadian Marconi Company_ii——1.00
7%
103
Dec
21
16
3
—
Canadian' General Investments Ltd_i 4
Jan
7
14%
1,050
50
-
ii
8% Juiy
50
21%
*.
Dredge & Dock Co Lta_
Canadian
Canadian Industries Ltd class; "R?--—*
93
Dec
Jan
26%
—
.100
-
111
60
17
9%
6% May
4%
26%
-
common
July
16
Tramways
Breweries
163
26%
—
Montreal Lt Ht & Power Cons__
Montreal
111
Dec
33%
*
National
111
100
21%
"
*.
-
Feb
'
♦
Candy——
Massey-Harris
McColl-Frontenac Oil
Apr
155
101% 101%
L
•
.100
Woods common—
100%
Jan
24
22
common
Preferred
25 %
Nov
11%
85
30
33
...'
International Petroleum Co Ltd-,International
Jan
73
11%
80
32
•
Int Nickel of Canada common—
1 nternational Paper common- —15
Preferred
20
141
11%
331
18
'
^
;
—_
300
1,690
11%
101
*
common——
68
10
125
Dec
6
26
•
__
International Bronze
465
2,580
110% 110%
Acceptance Corp common;.-*
Preferred
12% July
Feb
74
11%
0
-
9% July
Jan
22%
23
—.
common
Apr
9
7%
Dec
103
98%
7
•;•••'
•
100
Can
7
360
21
45
25%
Dec
Dec
5,981
9%
:
9
7
Hollinger Gold Mines—
of
Apr
8%
73
6:
2.40 Jnlv
Apr
May 7
101%
Quebec Pulp & Paper pr_—
Royalite Oil
—
—
'
Sarnia Bridge Company Ltd————*
Southern Canada Pwr:6% cum pfd—100
Southmount
Investment-—-——- *
103
Preferred
17%
14%
16%
9%.
♦
Tobacco
260
103% 103%
'
,
:
Paper common—
10%
27%
4% Mar
785
•¥
25%
•
.
Power 7%
98%
16%.
Gypsum. Lime & Alabastine
Imnerial
11%
30
•
»
Hamilton Bridge
—
July
7%
20%
98%
100
common
Imperial Ull Ltd
Dec
31
9%
21
.100
5%% preferred
Smith
33
72
•
Gatmeau Power common
Howard
Jan
Jan
71/2
♦
New Preferred
27%
23%
9%
——.—
Foundation Co of Canada——
—*
Ltd
Dominion-Sugar Co
11
*
Dryden Paper —
& Heating Products
Enamel
14
403
161% 161%
~.-r<
930
31
993
103
55% July
900
31%
8%
73
100
Wares
2,375
Jan
Jan
11%
31
14
14%
*
Preferred
General Stee)
-
11
8%
a
10VB
39
33%. 33%
'/V
30
25
—
July
51%
:
__
preferred
Jan
275
_—
_
Ltd—
Dec
July
14,912
——
Dominion Steel & Coal B
7
14
13%
51%
33 %
common
—_
Jan
13%
__
Preferred
Feb
5
13%
•
__
_
5%
1,465
13 Va
51%
*
—
_
3,700
7%
13%
_
Dominion Bridge
7%
6%
13%
*
Plow
Consolidated Mining & Smelling—.
Consumers Glass
15
1.55
16,138
:
pfd_—100
Vinegars Ltd*——it—i
6% July
6%
7%
—
Pacific Railway
13%
•
—
Bread Co
Jan
13%
46
—
Canadian Bronze common-
16% Mar
12
•
•
Preferred
19
Dec
45
—50
100
-
17%
10%
122
9
•
—
Canadian Breweries common-—
Dec
Jun
13%
*.—.—
—
v
185Tr
12
17%
9%
:
23
&
'
»
Power
Canada Steamship common—
20
115,",
650
23%
151% Mar
5,337
7".
2%
11%
17%
———.—
Canada Northern
21%
2%
10
"
102
18% May
13% Jan
182
24
23%
2%
Canada Cement eommon————
.-Preferred
162% 163
"
5
Dredging—
101%
Jan
10,843
¥ •'•
*
Mills——————
Sep
16%
.————
Bulolo
Dec
96%
14%
«
B
Dec
85
1,485
24
*
16
98%
85
22%
163
m
A—
Jun
Nov
25"
22
16%
-
A—
Bell Telephone Co of Canada——
Bathurst Power & Paper class
Brazilian Traction Lt & Pwr_——
101
11%
92
Jan
89
104
Ht gn
Jan
9
185
22
—
British Columbia Power Corp
3,505
101
I
'
'
€
—
19
99
104
———
—
Aluminum Co of Can
Asbestos Corp
„
90
65
16%
'
100
——.—*
.'
5% Jan'
> Axis
490
90
98
—1—.
preferred
Algoma Steel common-————
51
20
'
Range for Year 1944
/
•J 31»
9%
90
48%
23
*
Canada Wire & Cable .6%-%' cum pfd 100
Htgn
9%
■,/
"
Preferred
Shares
49%
——100
—
"A"—_—
Canada
for Week
Low
♦
40
"B"
Canada
Range
For
;
common———1
—100
Co
Preferred
Co
26
& Paper com—*
Canada Northern
Sales
of Prices
Sale Price
STOCKS—
Ltd_i——
Columbia Packers
British
Canada
Exchange
Canadian Funds
Laura
Apr
Dec
Montreal Stock
.5%
27
3
Class
-
1.480
13
Burns
7%
51%
20
&
Range for Year 1944
Shares
49%
Feb
Brewers
Sales
for Week
50
Sep
7%
Week's
Range
.
'
Temiskaming Mining——————1
New
15% Sep
6,821
Jan
26c
preferred———*—100
Southmount Investment
•
—*.
5%
Oct
3%
10
13%
,Reliance< Grain
•>
Sep
Oct
14%
1,930
Htoh
preferred
preferred
20c
——.———1
Lake
Osisko
■
-Sep
18%
30
,3
14
45
:
•
Sep
Low
65
154
15%7:Sep-'
15
-
26
3%
112
72
:'50.%^Feb
j
Dec
h 15% Oct
common.——•
7,410
70
476
100
—,——100
& Paper
13%
7'
•
412
of Prices
Por
Dec
9%
5%
165
20c
7
14
1,445
■
•'•Sep*
Funds
Sale Price
STOCKS—
14
—
15%
Last
12%
1.00
15%
Friday
Apr
3%
•'
-!•
—
15%
Canadian
Apr
8%
20%
•
29
Dec
28%
9,189
28%
Dec
13%
20%
137/a 777
a
Dec
44%
7
29
•
..
2.45 July
3%
20%
——100
Scrip
9%
31
11%
———————
Paper—
—
•7'
common—*
—--—--100
Silknit
Ontario
9
31
9%
Ontario
&
Minnesota
.
7,
18
,
7/ 14%
Montreal Curb Market
Dec
140
May
1.40 July
320
4,900
2%
49 y4
80
15,421
1,195
11 %
1
—*
*
7
38
14% May
449
139
2.65
11%:,
——
Shoe
Humberstone
134
2.35
•'•••:
•
2.50
12% May
Jan
5%
3,390
51
Canadian Marconi Co——
Dominion Bridge Co—
.
,130
14%
17%
__
——10
Royal new-
$1P,000 .......48%. Sep.
7
14
__
•:
—10
new
15
,
—10
—
:77;,7W vv7
715'..
,,
Htgi
Loin
265
43
———*
——
Consolidated Paper
36
•;
——
Vinegars
9%
'
«
■
common——-———1
Preferred
———100
Brown Co
Canada
8%
40
Paper corn——100
&
Range for Tear 1944
High
9%
class A———.•.——*
Scotia
Nova
Shares-
of Prices
Sale Price
STOCKS*-—
:.4,9,%; 4?%
v7'7
; 7'
/Mofktreal.new—-10.
Friday
Son
—7.
^
Commerce new —i
Canadian Funds
&
7
N7' i7.-~ 7 7.^
Canadienne>-new ii^^'-i-£^4u——7
-10
Toronto Stock Exchange-Curb Section
Beath
7v7:v7:'777.,'77v7;
..
•
2
1.08-Dec
July
Jun
-
MARKETS
OVER-THE-COUNTER
Quotations for Friday Jan. 12
•
For Quotations on Real Estate Bonds
Investing Companies
Bid
Far
Aeronautical Securities
L—l
Affiliated Fund Inc
.1%
AAmerex
\
._io
7.51
Keystone CustCtan Funds—
4.18
Series
13.96
Scries
B-4
15.33
16.48
Series
K-l_
K-2
Industry
Inv
Fund
Boston
..8
Inc
Fund
Bullock
—8
17.07
4.00
10.98
Pre1 erred
.100
—
1
AA
Series
ACC
12.68
13.86
2.96
—1
2.96
mod
•
Fund—
series
Bond
?
se
Income
Howard—
&
Industrial
18.37
Low
Stock
1.39
1.53
23.13
24.90
15.52
Aviation
1
43%
44%
Bank
New
York
pfd
10
54% '
17
57%
Monarch
Reserve
10
19%
21'A
National
9.32
American
10
62
38%
6%
7%
Bankers & Shippers
Boston
25
77%
82 %
7.37
8.11
,
Camden
10.84
;—
11.91
Connecticut General Life
8.72
9.52
6.85
13.48
3.95
~4.55
Insurance
2
25.56
28.01
Machinery
Fundamental Trust Snares A—3
5.19
5.97
•
•
1
36.90
Capital Corp
equipment—
stock
!
7.82
North
Amer
Series
Chemical
shares
6.46
Electrical
Equipment
10.73
11.79
5.10
5.62
8.37
Putnam
bond
General
ti Series 1955
Series 1958
1
:£
Railroad
/
RR
10.42
10.93
Fund.
•
Amer
Selected
Income
7.44
Super
4.54
4.86
5.35
4.82
5.08
5.59
42c ?!
Holding Corp————1
Fund Inc
Common
:
—10o
/
1.54
•
2.48
2.78
12.55
1.11
1.05
Stock and Bond Group shares.
14.44
3s
92c
24.78
A—
7.29
'7.97
Fund—
20.62
22.54
C
Union Preferred Stock
&
A First
Boston
Corp
3%
10
Co
41%
.
Maturity—
3%
Mar 15,
43
tivxar
Bankers Trust
Bid
200
Guaranty Trust —————100
53%
100
*0.90s
1946
365
100.26
100.9
tSept. 15,
1947-
—114%
1948-
—1%% 1 100.18
15,
45 %
54%
56%
,—20
51%
54
10
23%
25%
National City Bank
12%
42%
Exchange Bank & Trust_20
557/a
58%
25
Public Nat'l Bank & Trust__17%
Title Guarantee & Trust—12
107%
111%
Co
—
Bank
Continental
&
Trust
Empire Trust
N°tionfl1
First
-
86%
■
i
_
Bank
31%
100 1 ,800
-
New York Trust
90 %
29%
50
Fiduciary Trust
50%
'
(When,
14%
Akron
4s
1 ,525
&
Canton
series
Obligations Of Governmental Agencies
Ask
Feb
100.1
15, 1945
2nd
Ask
3s
100.3
4%s
.085s
15,
July 16, 1945
w
i——
101.7;
Gen
101.8
income
1,
1956-1946
102.18
102.20
1.
1956-1946
103.16
103.18
101%
101%
Conv
1946
102%
102%
U S Conversion 3s
194?
104%
105!«
1961
133
134
1955-1953 w 1—
2%s Feb. 1,
Other Issues
U 8 Conversion
1955-1945
100.27
A
_
71%
106%
86%
88%
74%
76%
2019
1st 4s
100.28
Chicago Rock Island & Pacific—
Denver
3s—:
u
—1994
income
&
Rio
Income
3s—,—
CANADIAN
2019
Income
79%
80%
i.'v,
r
,
,
Canadian
-,
(
?
100'A
73%
1st 4s
4%s
' (
,
STOCKS—
.
Range
Senator
Gold
Siseoe
Gold
Mines
Mines—.—'.
a
Odd
lot
sales,
to Stock Exchange,
__
.1
b Yield
r
price,
c
2,000
34c*
Range since January 1
High
9c
Jan
3,000
39c
Aug
200
98c
Apr
66c
73c
9,800
42c
Mar
1.45
1,500
merger,
d Deferred delivery,
s
1.30
Sep
Aug
1.00 Jan
1.25 July
1.55 Jun
Ventures
Waite
1
effective Jan. 1, 1945, of Doehler Die
Ex-interest,
f Flat price,
k Removed
x Ex-dividend.
Ltd
Amulet
24%
26%
100
56%
58%
27%
129 'A
58'A
60 %
25
27
59%
61%
;
preferred
Rio
&
Denver
Grande
oils—
East
Mines
-
;
Seaboard Ry commonPreferred
Week's
Sales
Range
for Week
of Prices
Shares
Low
63c
75c
1.55
1.50
1.57
Range since January 1
Low
High
70 c
-
39,401
56c
■r-iHigh
Dec
2,800
V:
,74 %c Dec
Kt*±Z-
15%
15%
100
6.90
Apr
.•13
_1
4.75
4.90
600
4.55
Feb
,
3.95
4.00
1,300
2.95
Feb
4.45
13c
Ltd
13c
100
8c
Jun
14c
*
3.20
3.30
725
.Jun
;5.00 May
July
;
Crest
Oil
Co Ltd—
(
Home Oil Co Ltd
y
com
——*
—
—
Wright Hargreaves Mines Ltd
39c
e
Cash sale—not included in range for year,
—
Sullivan Cons Mines Ltd
Low
4c
Jan
2.65
34c
2.63
Result of the
B. Jarvis Co.
Canadian market,
7c.
70c
—
Casting Co. with the W.
High
6c
__
503
Ltd
Springer Sturgeon
Shares
Low
-
1
Creek
;(?-! '■•■■■?"(■;
1,40
Rouyn
Sheep
57%
*
Common
Sale Price
Stadaconna
for Week
*
23%
55%
Chicago Rock Island & Pacific—
Last
Sales
Sale Price ! of Prices
V
21%
Preferred
Chicago Milw St Paul & Pacific
MARKETS
LISTED
Par
Week's
i.Par
Red Crest Gold Mines Ltd
45
88
-
75 %
•
Last
.
4386
preferred
74
93%
98%
—1993
STOCKS—
Funds
Friday
i'v"'1
Aak
Youngstown—
Preferred
72
91%
2018
_
Friday
,
&
104%
Grande—
4%s
Seaboard Ry
102 Va
4%s
1st 3-4s income
faSreaf.Sait Meet.
;
.0912
.0856
—
Canton
Common
5%
■
/
Federal Land Bank Bonds—
8%S
.0736
.0664
1946
Common
69%
104%
2019
4%s B
Mav
0.75%
bO.SO
•
1,
92
1994
__
4V2s
Jan.
0.75%
b0.90
Jan.
.0737
_
Bid
Akron
5%
—2003
_
income
3s
JS*
.0712
.0595
_
'
Bank—
1945—:
99
90
1983
Gen
1955-1945-:
97
1988
96
Louisville—
1st 4s
Panama Canal
Jan.
0 85s
.0587
1945
.0653
and if issued)
Chicago Mllw St Paul & Pacific
Bid
*•
Federal Home Loan
.0787
1,. 1945
Stocks
94
—
4%s series B
Federal Land Bank Bonds—
Commodity Credit Corp—
as
Youngstown—
A
1st 4s
tl%%
.0678
Ask
Bid
Bonds-
':
Chic Indianapolis &
Bid
.0616
Reorganization Rails
53
13%
100 1,480
fTnttoH Bt.at.ao Trust
-!
1,840
.0771
.0541
—
Commercial National Bank &
Trust
.0591
.0683
1945
1,
10.90s
.0596
Irving Trust
Kings County Trust
Lawyers Trust
120%
117
7* V./
.0554
.0583
1, 1945
1945
J%s Oct.
100.19
Ask
.0454
'
*%s Aug. 1, 1945
t%s Sept. 1, 1945
100.27
-v
44%
Bank—
t%s May 1,
*%s June 1
100.10
100.10
373
43 %
National
Chemical Bank & Trust
;-
t%s Apr.
100.26
100.25
100.9
;
Mar.
100.6
100.5
%
1%%
Bid
1945
1, 1945
1,
t%s Dec.
15
Central Hanover Bank & Trust 20
Chase
Corn
t%s Feb.
Indebtedness—
Certificates
100.7
tSept.
200
10
119% (124%
100
.
113%
106%
Dollar Price 100 Plus
Maturity—
of
100.5
99.31
1
1946
15.
Ask
Bid
-1%%
'
17%
18%
——10
3 ,750
100 1,700
.43
25 •,? 40
55%'
58%
Manufactures Trust Co com__20
51 Va %■
53%
Conv preferred
—23
280
290
Morgan (J P) & Co Inc
100
Brooklyn Trust
109%
111%
1958
106%
100.6
.::,v
Ask
180
100
Grace National
4.74
51
10
108%
1972
Corp. 4»As
100.3
1%%
1%%
Trust——^—100
( Pulton
28%
4.62
106%
Diego Gas & El 3%s__1970
York
106%
.
Int. Rate
1945
tDec
Par
'
Ask
27%
Puget Sound Pow & Lt—
4 Vis
San
1945
15,
tMar 15.
City Banks & Trust Cos.
100
107%
103%
102V2
103%
106%
Figures after decimal point represent one or more 32ds of a point
'%
-1
A Blair
14.37
Co.—10
106%
108'A
103
(Indiana)—
3%s series E
1043A
104%
1974
r—
Public Service
—
104%
103%
1973
—
Potomac Edison 3s
109%
104%
1975
York Chicago & St Louis—
103
2%s_1974
106 y2
1974
3y8s
New
2%s
105%
105 V\
106
Quotations For U. S. Treasury Notes
19.47
17.84
Corporations
28.96
Bid
107%
104%
Nashville 3%s_2003
Investment Banking
;
14.06
Par
107%
107
1970
M
Kansas City Term Ry
&
102%
Aak
103%
Elec 3s
1974
New Orleans Public Service
1980
series
Louisville
Power
Light 3y8S__ 1974
Narragansett
1.90
26.64
Manhattan
36%
17.90
I
Wellington Fund.
O
New York
the
80%
34%
Bid
&
Miss
101%
1974
series L—
3%s
Houston Lt & Pow 2%s
*Dec. 15, 1945
of
53'A
75%
Ask
104
109
1979
3%s
25.55
23.21
Bid
107
;
Great Northern 35/bS ser K-1960
:
21.23
series
—'-!
of America—10
Bank of New York.
44
1974 :108%
3%s
4y8s
82c
25o
Shares
Fund
7.20
9.73
■"
Bank
"■
50%
107%
1974
Florida PowerLight 3%s_1974
6.40
1
8.90
-
1
Power
1.17
13.18
1
.
13.75
1.00
Y
Light & Power 3s
Florida, Power
Oil Shares—
U S El Lt & Pwr Shares A
shares
:
40%
10
—
Fire
102%
1974
N
I>——————1
Union Common Stock Fund B—
26.18
24.35
S, Bank Group shares——
f Insurance Group shares
Co
590
38%
-2.50
Guarantee
Westchester
103%
101
1974
Empire District Elec. 3%s__1969
B—
! Series
>
'
3yaS„ 1974
Birmingham Electric 3s
Central
.
Conn
Union .Bond
1.68
Lt
&
2.48
ASerles B
54c
2.52
Pow
2.36
A Series A
Series
Incorporated Investors
8
Independence Trust Shares
•
Institutional Securities Ltd—:
Fund
U S
107 %
41
!
Arkansas
1
Stand
Trustee
1
C_.
:A Series
5.18
4.37
—
of Amer AA
Corp
ASeries
Foundation
Investors
U S Fire
38%
35%
575
Fidelity & Guaranty Co—2
Recent Bond Issues
ji;;?..:
Trustee Stand Invest Shs—
5.99
V
7.23
54
51
State Street Investment Corp
7.00
5.44
shares—
Investment
6.60
5.55
4.70
Aviation Group
1
Sovereign Investors
4.12
—-
A Huron
r
30
28
11.75
4.41
Shares
Trusteed Industry
Income
Fire
99.02
10.77
1
Shares
'
shares
Utility
Selected
7.28
6.36
shares
Tobacco
..
97.06
2Va
Inc
8.21
6.62
5.04
Equipment shares
Steel
10
U S
127
121%
4.11
Republic Invest Fund^
——
shares
36%
Standard Accident
103
3.74
50%
34%
Travelers
31%
10
1
48%
25
23'A
10
Hartford
75%
72%
10
84'A
Hartford Steambotler InsDect._IO
25
-12%
Springfield Fire & Marine-
9 V2
29%
V
23
Scudder, Stevens & Clark
shares
stock
Hanover
16.19
9.98
—
Railroad
46
Security New Haven
.10
—
Seaboard Surety
29%
5
65c
6.76
shares
St Paul Fire & Marine
27%
Fire
22
com.
American
60C
8.17
Merchandise shares
Petroleum
56
20%
6%
4%
(Texas)
(Paul)
80 Va
Rutgers Fire Ins.
preferred
15.06
_10c
7.43
—
Mining shares
53
18%
&
1
7.47
Low Price Shares
36%
Revere
Globe
2.56
34%
Republic
8%
2nd
15 Va
—10
Providence-Washington
Reinsurance Corp (NY)___
14 Vb
43%
90JA
13%
26%
5
52%
5
13
1
102%
50%
86%
Indemnity Co
24%
5
88
97 %
10
—
Phoenix
91%
10
Fund—
(Geo)
9.08
shares
L Industrial Machinery sharesInstitutional bond shares
87%
Va
83%
12.50
Fire
Pacific
70
5
Great
6
Preferred Accident
66
__B
Fire.,
Republic'
River
Pacific
53 %
&
2.85
!
14%
24%
162
Glens Falls
2.96
1
47%
23
63 %
50
Globe
1
Series 1956—
,
31%
156
5
Fire
29%
13%
34'A
•
7.61
shares—
General Reinsurance Corp
Gibraltar Fire & Marine
;.
Plymouth Fund Inc
Administered
7.48
2.23
8.65
Fully
9.19
1953—
8.19
:
Franklin
37%
shares
Trust
5.87
Food shares
7.93
8.36
6.99
7.45
.—
12.04
6.80
7.87
shares
10
:
North Amer Bond Trust ctfs
Building shares!
Aviation
Fireman's Fd of San Fran
Firemen's of Newark-.
7.98
179
29'A
Northern
.
8
6%
Fire
30%
r
60 %
27%
2
Casually^
31%
169
Northeastern
59'A
10
Railroad equipment
5.79
7.11
*
Fire Assn of Phila
7.21
6.35
shares
shares
10.69
5
4%
29
45%
York
48%
—10
_—
7
5%
4
New Hampshire Fire
46
28%
20
Federal
10.96
Steel
Automobile
Fidelity & Deposit of Md
Y__
New
North
10
9.76
N
(Detroit) __10
New Brunswick.
63'A
32'A
11.23
,
51%
21
61 y4
10
Employees .Group
Employers Reinsurance
9.72
Oils
77
48 'A
57%
Amsterdam
New
;
5
7.25
Railroad
5.72
:
Continental Casualty
Crum & Forster Inc
Fire
Casualty
r
10
8.88
——-
—
73 %
5
Ins
Fire
8%
-12%
22%
xl9
10
10.22
,—
Metals
Group Securities—
Agricultural
Speculative
York
MIrs
40'A
8%
National Liberty—
—2
National Union Fire—11"_
635
20%
5
7.93
stock.—
New
610
„100
City of
12.85
General Investors Trust
:
Fire
12.61
—
4.81
25
Automobile
11.48
——
Merch &
64 V2
44%
T2%
11.82
10.76
-
Surety
Baltimore American
6.74'
Inc—
—
2%
14.37
14.23
1
American of Newark
90
-
37%
— -
National Fire
8.66
—
15%
Re-Insurance
11.70
——...—
Merchant Fire Assur
American
12.27
B
Massacnusetts Bonding
13%
American
'
Diversified Investment Fund—
General
18%
11%
4.44
Diversified
Inc
17Va
...
7.70
2.13
Invest
5
Fidelity & Casualty.S
8.31
23.84
Fundamental
1
87 Va
1
Y__ —20
Casualty
7.55
8.43
——
Electrical
Maryland
10
6.91
1.94
.
6
13%
Alliance
Fire
3.93
22.14
6.15
24 %
12%
American
Fidelity Fund Inc———.—-•
Financial industrial Fund, Inc..
First Mutual Trust Fuud-.——fl
Fixed Trust Shares A
10
Foundation Trusi'Shares A—1
10.92
22Va
Knickerbocker
5.92
Building supply
.(Chemical
i
•„
Jersey Insurance of N
8.00
Fund
Stocks
Insur Co of North America —10
78
5.35
Agriculture
Fund—
Stock
England
46%
74 V?
7.27
6.08
Automobile
14.45
New
45
American Casualty
American Equitable
series
16%
10
American
-
30%
14 %
25
Life
Agricultural
series
6.85
;
Equity Corp $3 conv
Aetna
1.57
series—.
X28%
Homestead
8.90-
bond series
stock
8
53%
1.43
411k
Rid
Par
—10
Home
154
10
51%
8.23
priced stock common
Preferred
Companies
Ask
Bia
10
1
—
stock
Surety.
25c
_
Low priced
19.86
6.CO
Fund
Balanced
Aetna Casual &
4.20
•
;
es
.
1
1
Eaton
shares
B
series-.
4.05
Shares
Par
Aetna
voting shares
25c
Dividend
Inc
Securities—
1
2.50
D
Fund
National Security Series—
Diversified Trustee Shares—:
C
Fund
National Investors Corp
5.18
1
Cumulative Trust Shares
Delaware
12.87
10
Invest
(Md)
2.40
———1
mod
Series
25.71
11.97
Insurance
10.55
23.91
1
(Colo)
2.40
1
—
series
Accumulative
9.60
1
2.60
AA
Series
10c
2d
Mutual
Bell Teletype NY 1-953
DIgby 4-4950
43.60
Trust
52%
50%
1
Corporate Trust Shares
Tel:
100.80
42.73
Investors
Natlon-Wide
Investment Trust,——1
Consol
98.78
Investors
Common
5.82
5.35
Commonwealth Invest
V 6.73
•
10
Mass
144
139
6.05
7.39
Fund
Mass
2,790
40 Exchange Place, New York 5, N. Y.
13.15
:.
5.45
Loomls Sayles Mut FundLoomis Sayles Sec Fund
Manhattan Bond Fund lac-
Members New York Curb Exchange
15.47
11.96
_
Exchange
28.23
14.06
;
Knickerbocker
33.32
com— .100 2,690
Securities
Christiana
25.5.9
25.71
;
&
Members New York Stock
21.48
S-4
18.71
3.40
1
Fund—;
8-3
34.24
,>
10.14
Century Shares Trust
Chemical
S-2
Series
Series
30.99
__1
Ltd
Fund
Inv
Canadian
31.67
„1
Ltd
Series
i
20.73
19.28
12.36
19.61
___
%
,1-07.77'
Co.
22.11
23.24
i:
—
Shaskan
31.27
11.26
—
Series S-l
6%
3.80 '
103.46
America-
Street Invest Co Inc_
Broad
5% %
-10
Shares
of
Tr
_
29.32
28.53
B-3
1
a Common
Bond
27.96
B-2
Bankers Nat Investing—
Basic
■>
B-l
Series
12.87;;
—1
Axe-Houghton Fund Inc
Aak
20.13
Series
4.54
31%
-
3.88
Investing -IOC
Bid
Par
8.16
4.14
29%
i
American Business Shares-
American Foreign
Ask
Series
Holding Corp
239
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4351
Volume 161
2.85
Nov
Nov
3.65 Mar
Ex-rights.
*No
par value,
furnished by sponsor
tin default,
or
JThese bonds are subject to all Federal
taxes.
AQuotations not
issuer.
~
Tk
cou USE
Preliminary figures compiled by
pared with a year ago.
day, Jan.
the cities
ends Saturday and the
show a loss of
1.4%, in the Boston* Reserve District of
7.6% and in the Philadelphia Reserve District of 13%.
Cleveland Reserve District the totals are smaller
In the
V In
the elaborate detailed statement however, which
present further below we are able to give the final
and complete results for the week previous—the week
ended Jan. 6.
For that week there was a decrease of
4.6% the aggregate of clearings for the whole country
i having amounted to $11,006,931,360, against $11,531,982,-
obtain weekly clear¬
by
week
jast
$11,-
Our preliminary totals stand at
year.
Per
Hew York
Chicago
—
430,752,956
—
Kllladelnllia
:
:
—
City
Kansas
——
—-1
Bt; Louis
Ban
Francisco
—
—
Pittsburgh
Cleveland
492,000,000
275,139,747
565,000(000
302,112,123
183,003389
143,8O0'OOO
246,393,000
206,022,161
171,856,387
121,405,158
•
———
———
Baltimore
In the
+33.7
+12.8
+14.8
+ 9.8
+13.2
+ 2.9
+ 8.7
+ 4.7
— 1.9
— 5.6
$3,981,069,393
381,828,177
$5,324,171,522
—
—
Outside of this city there
8.9%, the bank clearings at this
having recorded a decrease of 1.1%.
We group
161.623,381
139,700,000
226,607,000, '
196,752,415
175,163,068
127,146,853
1st
3d
_12 cities
1Q
Richmond
—
6th
Atlanta
7th
Chicago,.
8th
St.
9th
Minneapolis
+23.3
1,089,176,865
+47.8
$7,246,203,899
+28.5
l&th San
+ 5.8
7
^ cities,
Our usual
monthly
detailed
statement
1943
19,526,660
1944
31,259,650
——
transactions
the New
on
Bonds
-
.
r'"Total
..The
of
transactions
share
in
properties
following:'
•'■••
•'
•'
of 1941 to 1944
+ ■':;' ■■"'
1943
'i-1944
•;.
.
,V.:''
+
of
Month
Month
1st
York
2d
New
the
:
3d
No. Shares
6th
12 993,665
7th
36,997,243
8 ,587,828
13,312,960
8,969,195
10,124,024
79,463,469
29
29.507,254
32.406.179
33,553,559
7 589,297
11,185.760
17,228,380
37,712,751
35,051,545
23,415,845
7 229,097
9,667,050
7, 466,443
10,461,813
68,787,721
92,020,949
22,284.837
51,792,091
8,373,550
63,720,802
17,872,807
7,387,341
10,874,650
7.
925,761
——_
June
Quarter—
—-
28,219,705
20,752,920
September _w
••'Quarter—i—
15,945,982
14,985,690
9,449,934
55,561,998
25.210,825
•-
_
3rd
Nine--months———; 196,261.532 227,046.416
October
10th Kansas
The|
12th San
year
1944
"
6.1
1,561,464,673
4.7
4,026,002,023
1,230,307,107
2,007,595,608-
15
"
19
13,437,025
19,312,762
15,047,142
2d
New
31,259.650
18,246,011
19,526,660
36,390,493
51,695,349
48.682,382
64.589,251
CITIES
1942
$
$
"
Chicago 1
Boston
3d
823
Louis-
Pitts..
1,224
Fran.
1,399,095,056
+
1,041,740,846
—.
IN DEC.
FOR 4 YEARS
1944
1943
1942
976
14,834
13,267
11,336
638
540
7,921
7,543
6,346
422
5,860
5,412
895
782
649
10,065
9,801
4,875
7,924
6tli
—17
—
3.4
1,449,476,395
+
13.0
1,013,665,306
873,967,858
2,395,433,680
+
8.3
2,210,184,601
1,785,060,843
1,013
1,024
974
800
11,239
10,784
Minn.
648
689
551
463
7,366
7,056
9,380
5,404
48,307,975,682
+
13.9
24,202,377,372
+
4.5
397
413
350
286
4,571
4,333
3,462
-
Louisville
20,649,344,216
257,143,184,165
33,909,713,332
31,325,719,792
14,086,930,417
19,040,165,727
"
'
,
33,340,998,527
1,458
947
19,071
17,458
13,397
345
304
284
3,742
3,501
2,998
207
3,735
3,707
2,652
74
902
866
844
The
MilwaukeeEuffalo
St.' Paul—
.
178
146
131
1,878
1,734
1,543
289
255
237
3,386
3.074
2,678
244
205
188
2,491
2,412
2,037
Denver
267
290
224
196
2,973
2,812
2,301
Ii)d'4poli(s-
144
129
123
1,557
1,553
1,439
441
361
334
282
4,178
3.861
3 328
+
8.6
+
8.0
11,039,294,538
Memphis**..
256
221
195
190
2,450
2,239
2,030
430
389
381
282
4,624
4,592
3,890
-
*
18,841,824,932
* '
13,445,349(298
,1?,027,997,017
,—^—^.————19
°
27,397,692,547
•125,630,466,455
560,032,329,734
505,299,900,357
+ 10.8
413,405,044,996
373.148.269.548
273,683,329,885
256,740,113.979
+
6.6
220,465,549,837
189,885.040,159
,
9,992,715,182
8.9"
:\,+
21,592,710,370.
17,67^,871^08
.
Y.
City.
1
—
following compilation covers the clearings by months since Jan, 1, 1944 and 1943:
146
152
'137
111
1,454
1,445
75
84
80
70
832
800
,
1,239
58,743
53,460
:
■
•
1943
Inc. or
A V
$
34,995,819,487
+ 24.6
48,613,161.624
43,052.524,494
+ 12.9
23,497,275,956
138,307,483,718
116^153,028,561
+ 19.1
67,596,763,723
59,718,138,002
4.3
21,359,926,087
21,839,404,968.
21,781,885,556
20,532,394,870
24,007,573.977
21,281.016,345
April-.—~
:
42,393,400,887
June——
50,675,228.616
Total 2nd quarter—.
274.321.369J.86
■
•
4.6
+
42,367;810,481
44,225,312,335
45,908,538,890
45,232,993,053
+
quartern-
137,604,299.748
126,614,493,859
+
Total 9 months——
411,925,668,934
372,789,508,749
45,535(029,073
47,545,973,868
October
November——
—
Total
Total
•
+10.5
;
+
+16.2
48,307^75,682
..+
5.7
+
9.3
21,558,833,375
20,527,655,873
23,307.290,909
+
7.9
65,402,788,157
+
2.7
188,707,214,930
+
7.0
22,358,799.239
+
2.4
201.988,126,027
•
.
V +13.9
,
'
>
22,904,216,369
,23.489,543,796
25,301,443,693.
5.2
.
;.
V:.
"
' v
4.0
2.0
:
21.471,722,418 '
,.+.,9.4
Y4,202,377,372 • '■*: !■■■:+'; 4.5
148,106,660,800
months—.
+ 12.8
63,595,296,771
132,509,091,608
+
11.8
71.695,203,858
68.032,899,029
560,032,329,734'
4th quarter—.
12
'
40,930,550,787
'
55,025.657.861,
December—-
;
43,270,265,139
• -
6.4
+
123,313,434/773
8.7
Total 3rd
1.9
—
22,428,297,103
22,140,948,878
.22,615,211,291
1.5
-
5.9
+
"
67,184.457,272
+13.4
August————----TSeptember
+19.4
67.206,905,032
+ 12.0
39,013,690,325
+15.8
134,803,668,755
?
+11.4
,
47,470,448,523
July—.———.
413,405 373,148
25'301 24,212 21,922 19,468 273,683 220,465 189,885 150,758
.
+ 19.8
246,175,314,890
,
—
—1.1
130,022,286,329
136,013,885,468
Total 6 .months
A'.v
4+,288,365,408
43,426,282.528
42,307,638,393
42,945,255,965
39,802
Dec. %
19,702,118,370
17,826,393,291
22,189,626,341
55,025 48.317 41,428-37,598 560,032 505,423
?:
1944
.
22,809,158,872
21,290,328,895
Total 1st quarter—
719
45,801
Inc. or
Dec. %
38,104,684,580
1,028
753
Clearings Outside New York-
Total All——
1943
1944
March———
tftfot&l ';l 49,451 43,137 36.888' 33,543 501,289 451,963 387,604 333,346
•
,14,448,708.206
11.8
: +
46,102,505,138
43,591,816(956
2,904
.Totalall
4.3
+
-v:-3.7
18,162.567,145
"
+ 21.0
1,841
Sea-tfle^'k^.
4,055
15,613,351,750
41,062,149,570
12,369.679,332
8,466,333,563
February
2.209
4,540-
.".': +12.9
14,496.406,959
10.58K863.445
"
January
1,287
Eichmorid-
1
5.180
30,208,818.807
27,630,221,069
12,306,476,414
>
v/r;
"
1,985
148
5,574
6.0
48;238,541,687
$
1,746
Cth; cities.
6.4
15,652.439,316
:
$
17,111,377,892
190.233.534.547
28,116,161,912
23,281,579,673
10,588,699,936
13,040,176,413
35,036,791.779
10,779.001,770
7.267,464,909
11,616,743,166
.8,403,860;343
MONTHLY CLEARINGS
2,334
233
-
L9
+
52,419,340)783
-Clearings,
1,270
282
Sait.L.:C'y,
+
+
"
"
1941
"
"
"
1
'V-;.'
i
X: 19,302,175.401
200,411,705,332
+ 15.0
°
16
Month-
9,096
155
Xiartfqrd
four
12 Months
^—15
—.1——
■
762
81.,
.
for
—11
City
—
1,971
83
98
19,468,027336
months
1942
3.0
+
7
Minneapotls
Outside N.
2,708
285
348 7
319
pi'pvidjeuee-
12
.
12 Months
or
16
Total —————1———185 cities
7,761
1,607
Cmaha
37,598,933,913
21,922,522,550
31
-1
...
4,127
353
.
41,428,602,437
.
Dec. #
14,937,431,258
: 21,502,728,044
*•
"
-
—
12th San Franeisco
9,485
5,427
1,579
Detroit:
Inc.
1943
21,268,802,446
2.823
Cleveland-
,
12 Months
295,634,593,622
34,551,834,423
—.17
——
LoulS
—10th Kansas;
4,614
New Orl.—
866
1,186
—
55,025,657,861
«*
8
;
:
Chicago
?:;9th
-
14
-
Atlanta
St.
6,315
Plans. I City
;
859,102,286
1,716,462,865
1,145,752,162
$
481
567
2,464,577,014
1,058,553,040
1,353.846.785
3,561,785,243
1,117,129,407
741,321,090
1,195,637,732
1,657,634,044
1944
Philadelphia
:;-7t«
1941
$
690.
1,268
741
Gincinnati
3.4- ;'•
4.7
2,878.135.971
<<
1,295,196,766
2,593,917,914
—14 Cities
...
—
Cleveland
Richmond
tilth Dallas
497
1,416
Baltimor&I
+
another table showing the clearings by Federal Reserve Districts in the
York
4th
19,506 18,130 286,348 248,559 192,939 183,263
1,965
2,217
2,050
25,710
23.622
21,194
20,293
1,533
1,704
1,485
18,288
17,767
16,517
14,581
2,663
3,043
2,747
33,028
32,515
26,782
28,879
819
720
631
9,317
8,627
7,229
6,112
1,234
1,152
1,022
13,469
12.623
11,166
9,293
1,783
3,038
___
Phila.
4,482,193,392
25,301.443.693
——
5th
-Jan. 1 to Dec. 31-
1941
+
992,294,910
City
Boston
York- 29,724 24,105
2,406
+
1,744,705,920
18,824.263,010
20,239,008,329
S
1st
1943;'
-
1,984,942,141
+ 22.5
4,690,765,859
1,446,586,672
"
*'
Federal Reserve Districts
77,002,916 106,014,420:
263,074,018 278,741,765 125,685,298 170,603,671
•
$
omitted)
Sari
2,828,553,155
1,218,664,178
12 Months
cqurse
•;<000,000:
■;
2,807,232,243
1.7
•
years.
13,151,616
Month of DCcember-
Bl.
0.4
+
—185 cities
Y.
$
+ 12.5
+ 14.9
<
1941
1,290,558,487
1,892,478,443
.11
—
gain of 13.0%
$
.v,V,-
3,015,563,051
1,451,433,907
:
by 4.7 %»
loss of 3.4%,
1942
3,190,499,918
"
....
...
We append
.
mohjh of
J-Tew
N.
15,932,595
BANK CLEARINGS AT LEADING
.
i
Dec. e/e
30,556,334,640
"
i—
—
Francisco—
66,812,486
—
„—
Inc. or
:
7
Total
Outside
of bank, clearings at leading cities of the country for
December and the 12 months ended with December in
eqch-of ;the last fouj^ears is shown in. the subjoined statement. • ;•••.
i
the
1943
V 3,065,883,732
—
—
City
11th Dallas
18,019,019
—
Quarter—
Full
1944
"
i
" ;
,——16
Louis
13.922.678
—
December
4th
but the Dallas Reserve District enjoys a
"
"
31
Minneapolis
a
and the San Francisco Reserve District of 8.3%.
8
_
-
—
smaller
are
City Reserve District suffers
^^-16
:
—
Chicago
St.
9th
17,533,817
——
"November
•
The Kansas
17
—
-
In the Chicago
larger by 4.7%, and in
3.4%, but in the Min¬
are
neapolis Reserve District the totals
2.077.513,891
42,293,618
August
28,324,332
14,251,976
-
8th
13,546,161
64,918,607
July-
3,467,714.247
o
District of 6.1%.
31,314,623
131,342,925 171,484,418
—
.
.-—17
._.L.
-
Atlanta
No. Shares
Reserve
1,808,187,938
24,943,882,698
3,176,627,064
—14
j
-
Cleveland
27,643,038
months
York
Philadelphia
18,032,142
24,434,084
—
365,382,081
6,778,161,348
-,
4,224,126,229";
District the totals
.-v.;:
Richmond—
No. Shares
April
Sftt
;
.
14 cities
5th
1941
17,811,394
17,100,772
Quarter
2hd
•
—
4th
1942
c
May
December—
Boston
13,846.590
March
•
of
1st
in
8.9
199,104,875
110,623.524
1.7%, in the Richmond Reserve District of 12.5% and in
Reserve
1944
Federal Reserve Districts
No.Shares
.
—
'
New
indicated
5,167,045,266
—
8.696,943,705
•
the St. Louis Reserve District by
62,555,204
......
January——
February
■
the
on
is
Stock Exchange for the full years
City
178,628,087-
276,279,236"-
the Atlanta
4,192,025
5,823,700
969.650
bonds-, $2yo,oo^,jua $2^J,bdo,ooO $2,694,704,000 $3,254,717,725
volume
.
349.400
Y.
aggregate of clearings having been $55,025,657,861 and the 1943 aggregate $48,307,975,682.
In the
an expansion
of 22.5%, in the Boston Reserve District of 14.9% and
in the Philadelphia Reserve District of 0.4%.
In the
Cleveland Reserve District there is an improvement of
_
,
11,531,982,995
"
"
230,699,912
346,512,617
New York Reserve District the totals show
'C. 8. government
bonds;;
475,028,992'""-
11,006,931,360
225,660,888
140,924,562
128,241,836'1-
562,266,902
6
_10
—
—
^
the
ttf£Uroad!& misc.
■i bonds
1 $257,839,700 $213,680,500 $2,585,055,100 $3,130,112,600
Foreign-govern't '
bonds
8,343,200
9,235,500
103,825,200
120,413,100
„
168,280,911
'
189,906,549
292,966,682
166,225,078
511,618,209
—
We also furnish today a summary of the clearings for
the month of December.
For that month there was an
increase for the entire body of clearing houses of 13.9%,
-
263,217,408
484,881,752
255,618,906-"
4,708,182,202
..
Francisco
Outside N.
——Twelve Months
1944
:
1943
263,074,018
278,741,765
—Month of December—
Description
Stock, number of
shares
of
City
11th Dallas
+22.9
252,207,182
no cities
10th Kansas
The results for December and the
'•
•
follow:
(12 months of 1944 and 1943
.■
$8,986,379,883
$11,045,628 241
york Stock Exchange is appended.
r*
1,740,172,984;
1,840,938,040
day------ }
one
Total ail cities for week
■
$9,204,690,301
341,873,981
3,448,566,450
551,864,316
433,493,601
212,567,810
559',604",764"*
287,018,013
"
V
354,711,502' '
674,445,853
310,564,475
298,563,964
•
"
9
Total
fiv^idjiyr;-
Tot;aU cities,
435,531,753
640,914,093
"
742,777,905
,713.071,097
°
4
_
$
595,428,622
309,931,191
445,938,805
>
"
_17
1942
$
428,737)559
4,637,292,683 y
612,410,664 *"
537,922,294*
648,271,848
••
*'
1Q:
—
——
Louis:'—
1943
-•■
462,755,111
6,586,512,495
6,493,192,777
"
%
6
_
!«.«,«
$
427,519,393
"
-
Cleveland
5th
,—12
—
Philadelphia
4th
1944
$
New York
$6,157,030,034
!
by Federal Reserve Districts:
1945
Boston
2d
are
SUMMARY OF BANK CLEARINGS
Federal Reserve Districts
dayS-AALt'$7,594,516,696
five
Ten Cities,
a summary
Week Ended Jan. 6
$her cities, five days^rf" 1,610,173,505
■
of
following we furnish
Cent
1944
1945
13—
Week Ending Jau.
*
totals
District by 2.4%.
week in 1944.
same
decrease
a
center
TELEGRAPH
BY
CLEARINGS—RETURNS
995 in the
was
16.5%,
but in the Richmond Reserve District the
larger by 3.8% and in- the Atlanta Reserve
In the Chicago Reserve District the
totals record a diminution of 4.0%, in the St. Louis
Reserve District of 7,6% and in the Minneapolis Reserve
District of 17.7%.
In the Kansas City Reserve District
the totals have declined by 15.5%, in the Dallas Reserve
District by 1.2% and in the San Francisco Reserve Dis¬
trict by 9.0%.
we
045,628,241, against $8,986,379,883 for the same week in
1944; At this center there is an increase for the week
ended Friday of 33.7%.
Our comparative summary for
the week follows:
■ '
according to the Federal Reserve Districts in
which they are located and from this it appears that in
the New York District (including this city) the totals
able at time of
above those for the corresponding
ings will be 22.9%
Monday, January 15, 1945
CLE A RI KG S
today, in as much as the week
Saturday figures are not avail¬
going to preiss. Accordingly, in the above
the last day of the week in all cases: has to be estimated.
chief cities
Satur¬
13, clearings from all cities of the United
indicate that for the week ended
States from which it is possible to
BAN K
We cannot furnish them
based upon telegraphic advices from the
of the country,
OF
Complete and exact details for the week covered by
the foregoing will appear in our issue of next week.
clearings this week will show an increase com¬
Bank
ps,
'"'A
THE COMMERCIAL & FINANCIAL CHRONICLE
240
505,298,900,357
+10.8
273,683,329,885
256,740,113,979
.
•+
5.4
+
„
6.6
v.
••16.
'Wenow
add
detailed statement
our
showing the figures for each city for
Clearings at—
1944
1943
•
Portlahd
4.365,868
:
Fall
River
—
—
1,783,333,711
5.291,610
———...
Holyoke
: Loweii "i"—■
New Bedford
:
—
i—
6,405,212
Worcester
New
•
Haven
16,755,200
Waterbury
-
H.^--Manchester-'r\—j
(14
cities)
'•—-r
6.9
67,958,90T
+
1.5
234.064,802
+ 23.5
—10.7
1.4
Inc.
1945
or
Dec. %
—
$
.
1,100,612
■'—■7.3
+
8.3
+ 39-.3'
1,808,1877938-'
+14.9
-
+
14.7
620,247
1,345,355
5,286,289
f. ■
1,220,218
5,792,018
:+.
—
4.0
6.7
372,137,195
+17.5
1J-'810,547
4)091,080
4,335,072
—
866(368
.
"■'•
"A42T768
9.8
61,897,761
■
'
886.554
■
>
£03,322,572
fc^h;;952;285
■:
.
0.6
,
+
6.4
+
4.0
+
1.5
+
4.2
33,821,580
+
9.8
3,648,102
"
—Te"i
+
—
+
3,.478,164
6,536,821
866,431,700
,
17,845,308
317,791,712.
—
7,168,291
.
-
441,703
973,261-.
4,547",788+
;.;.t 1+ 833,871
v
•
-
4.287,357
•
3,529,730-
4.9
,—27.2"
24,496,137.
542,513
9.6
8.7
2,974,462
13,986,636
5,641,828
-17,731,019 "
"
8.8
6,796,087
^
n a
92,199,600
902,829,000
37,143,646
21,268,802,446
4.9
800,869,733
90,661,900
*
+
'
—
,
-
$
'
394,590,143
937.052H,
•
V \ .:>.V,t942
1943
or
Dec. %
v
4,025,537
368,337,056
2.9
8.3
v/
1,087,373
3,865,181
2.6
+
+
Inc.
1944
.
$.
1,007,773
+16.3
235,388,574
143,625,6r9
322,425.507
+ 20.6
'
.
23,991,897
*
152,861,456v
832.583,561
+
'
"
2.077,513,891"
27,523,879
+
26,017,040
27,302,655
—21.2
8^70,400
3,047,923
50,951,738
55,202,962
1.6
—
81.355/700
•
46,081.697r.v,i':)'T9 39,638,311
184,006,330^
■*^•-188,830,229
18,288,156.14^'^^. 17-767,888,732
:
■
'
r-4,245,513
$
$
•
+ 28.8
28.256,120
98.324.200
:*:
9.7
+ 16.3
84,440,109
.
28.652,823
8,742,600
I.—Providence
If.
+
13,563,087
75.383.865"
—
——
R.
Total
,
21,307,303
Conn.—Hartford
+ 20.6
4,107,681
2,565,831
1,927,005
5,989,782
20,984,536
2,526,033
3,444,698
Springfield
•.
3,449,374
17,073,674
1,533,356,716
18,735,255 ~
Mass.—Boston
Dec. %
'W eeks:
•Week Ended Jan. 6-
Dec. 31—
1943.
1944
Inc. or
$
First Federal Reserve District- -Boston-
Me.-—^a^Wor—
the^nonth of December and the week ended Jan. 6 for four
——++-Jan,;£to
-Month of December-
17r097,400
.—¥.8
18446,700
.
lir702~000.
,
•
13,80s!ioo
'
,
■
20,649,344,216
+
3.0
828,649
427:519,393
:
1,070,710.
-462,755,111 :
.
—22.6?.
''/■■''•i-
689,972 ."
*
7.6
.
423,737,559
^
661,740
341(873,981
v:.:'
„
V,
V
^
.Inc.or
,.,-1943
;
1944
—
Buffalo
;
Elrairav
i-—
:
-—-
-
i
Syracuse
-
Conn.—Stamford
I
—
4,995,780
+ 23.2
+ 23.3
:
+
:
5,-480;899;
2,277,939
-
••
'/*
7.6
1,493,534
1,458,463
46,500,000
—26.5
-54,100,000
1,051,946
56,374,781
+ 11.6
1,173,527
1,163,203
+ 15.2
6,292,749,158
:V579,918,234
+ 10.3
14,611,412
6,364,937,729
15,214,051
7,432,128
8,210,121
9,187,368
7,468,517
639,517,153
323,852,425
346,546,286
.!
+
7.0
63,611,961
+
<
—
865,540
840,478
900,549
1.1
4,471,617,476
3,310,447,101
4.0
-11,991,583
10,821,257
0.9
+
—
-
•
-
*'>••
9.4
-6,180,585
4.6
:
66,510,279
403,098,134
;
.
6,362,506
7,013,963
—17.2
248,559,786,378
3.7
■
•
+ 10.9
363,595,866
—
5,488,88^'
6,218,667
7,121,491
>471,204
416,731
347,828
22,698,452
22,462,091
+
1.1
477,526
1,454,119,535
1,346,809,810
■+
8.0
29,506,097
30,927,330
30,978,194-
22,470,260
2,041,869,540
+
7.9
46,887,277
50,137,659'
•-44^55,605-
36,616,479^
+
12.2
+
15.0
6,493,192,777
+
17.1
—13.3
•
■
"
'%
Newark
i
Northern
.'Ho:
;
N.
J.
198,090,123
—
.5,117,063
7.3
+
9.3
53,731,715
1,892,405,426
47,896,617
+ 22.5
24.943,882,698
.
cities)
(14
—
-
4,682,730
30,556,334,640
Oranges
Total
.213,744,631
,
H
+14.2
128,686^404,
146,870,815
295,634,593,622
257,145,184,165
—
-
Bethlehem
——...
-
Harrisburg
—
Lancaster
Lebanon
602.562
536,370
546,133
+
2.7
tf':
1,902,982
2,053,371
629,000,000
+
12.6
28,766,558
+
32,514,000,000
75,280,764
140,089,487
+16.6
1,797,890
3,116,407
3,282,123
76,925,024
+ 13.2
1,693,808
2,093,455
•
155,641,158
87,071,423
4.3
92,697,296
20,273,608
9,115,434
18,205,981
+
6.1
Ohio—Canton
:
+
8.7
+
15.6
4,703,300
4,597,700
2.3
3,334,600
34,551,834,423
33,909,713,332
+
i.a
646,271,848
742,777,905
—13.0
'612,410,664
4,770,979
—11.6
3,421,650
Lorain
•'
—
—
—
—
Co.
—
—
J
+
9.9
54,959,234
•
—14.3
1,640,664
+
+
D.8
<
+
9.3
14,980,585
+ 15.2
12,014,712
+ 5.23
131,652,208
3,065,883,732
cities).
Reserve
Federal
Fifth
-
3,015,563,051
6,288,625
+
30,676,000
'•?
11,305,896
16,598,346
741,702.814
2,301,162
+ 10.6
2,694,427
7.6
3,663,305
245,064,044
204,581,067
1,451,433,907
—
Total (8 cities)—
:—
Sixth Federal Reserve
District—Atlanta—■
—
68,065,538
6.7
i
t.
+ 18.4
+
3a-Atlanta
742,300,000
-13,652,184
Augusta
"Columbus;-
+
$ "Macon "—
—.
--
—
Ala.—Birmingham
—---
—
—
——
.
—
—-—
-
Vlcksburg
Total (18 cities)
+
2,610,527 O'
165,382,279
6.4
43,060,587
6.0
309,931,191:
613,302,398
465,099,351:
1,931,630,039
7,629,200,000
6,560,500,000
+43.3
14,256,869
3.8
4,571,636,807
34,718,903
11,880,700
4,333,591,050
6.1
21,502,728,044
19,040465,727
118,882,929
101,614,163
111,985,455
2,258,013,146
163,646,752
2,326,569,940
250,134,170
129,884,762
109,048,498
I
108,949,348
6.3
2,531,989,337
4;4
+
2.7
•+
7.6
249,799,722
+
4.8
96,148,207
+ 18.4
156,880,000
-
177,292,318
+ 33.3
+ -7.5
•
—
413,094,04^
+
1,892,478,443
/;
36,345,198
v
>
2,457,290
■
-V'
-
74,458,137
883,462
A6,620,000
-
•
5,100,000
: 61,721,533
:
:A
1,973,190
+'
6.2
+
4.6
3.9
38,846,857
39(579,045
+•
"/
158,182,611
85,850,973
147,926,000
138,122,156
:
3.8
252,207,182
212,567,810
8,305,854
6,844,586
30,115,609
),000
44,806,152
298,563,964
14R14.573
10
38,425,784
♦iv,
,
,,.
i
2,666,118
128,535,716
+ 29.5
41,466,610
•?3179,300,000
+12.9
■
83,898,149
;A
+31.9
+ 5.1
+16.3
+ 9.3
+7.3
— 2.7
+12,1
+ 9.1
+23.3
— 0.1
+12.0
+ 6.1
+28.4
+ 4.7
+20.0
+ 5.5
3.8
1,080,354
4.0
+
;
103,310,580
,
+12.3'
+
2,030,342,711
5.7
'*-+• 6.6
■
1.4
5.0
14,086,930,417
8,044,889
2,007,595,608
———
+frl.i
—
14,937,43i,258
21,226,268
12,250,000
12,897,227
2,926,661
1,343,42a
397,536,919
La.—New Orleans
v
12.5
178,517,278
2,869,134,591
246,973,489
22,845,349
8,427,260
14,496,000
17,189,468
3,147,000
1,521,578
o
Mobile
Montgomery
Miss.—Hattlesburg i
t
+
—
14,785,769
(
"
25.322,454
2.8
7,680,000
-
89,440,295
1,975,403,349
+
221,957,988
-
+
28,424,316
+ 37.5
433,493,601
'
'
2,101,912,819
+ 22.7
537,922,294
1,539,762
7,986,000
1
8.1
+
11,193,415
11,621,214
235,846,372
14,128,184
253,738,984
—
—
Fla.—Jacksonville
1,451,503
8.2
183,061,365
+ 22.8
8,430,945
—16.5
713,071,097
595,428,622
5.7
•••+
7,542,482,170
+ 11.7
-11,128',972
D
K&KBi
——-
115,342,156
6.4
+ 12.8
3,861,647,607
114,092,207
4,178,650,538
180,464,962
+
175,914,627
+ 13.6
60,557,265
324,364,000
7,921,604,678
186,216,533
225,377,976
£
0.4
115,856,989
1.7
664,600,000
191,488,327
r!9.8
5.3
+ 18.7
55,408,818
—
■>
Nashville
4,914,854
3.4
151,721,658
187,657,181,.
I98,924,414
7.4
+
2,379,097
3,636,563
,
9.2
+
1,290,558,487
'
1,944,808
6.0
—
9.6
+
+
—
16,880,433
12,266,800
305,517,187
+
18,202,779
68,306,789
6.8
-+
10,581,183
14,994,700
+ 28.4
3,'897,270
+
342,725,000
+21.9
.;
1.9
+
+ 19.7
31,325,719,792
9.6
153,504,881
2,097.849
+
33,340,R98,527
.
—11.7
690,439.643
2,128,779
172,287,441
—
—
Tenn,—Knoxville
361,829,689
441,597,997
0.—Washington
Meridian
1.7
-81,255,171*
188,319,761
16,909,200
+
.
.
100,226.837
4.1
9,222,992
186,838,013
V
17,227,900
+
-
;d.—Baltimore
Jackson
+
5,735.319
27.058,000
Richmond
C.—Charleston
Columbia
—————
Tampa
+ 11.8
•3,258,171-
5.4
—
+ 28.3
.
District—Richmond—
va.—Huntington
Frederick
5,778,600
551,864,316,
—19.5
118,115,475
261,763,137
12,623,836,653
£.-
117,146,180
12.634,312
—
.
.
10,073,800
13,469,223,094
;.C 159,753,370
+ 21.a
.
(17
:
17,597,287
1.7
844,694
116,431,788
521,976,984
,
111,739,379
210,820,518
181,793,160
97,292,660
476,113,407
.195,677,444
;
+ 12.8
8.3
4.2
108,137,166
119,595,080
K
+ 17.6
4,219,049
+
+
"
9,933,324
14,298,571
i.—Norfolk
*
41,962,198
14,461,168
25.9
-
+ 17.5
.
823,592,100
43,663.183
18,554,516
+
•15,522,376
Ky.—-Lexington
W. Va.—Wheeling
.
920,734,100
5,860,486,433
12,934,267
Total
+
7■ 7
11,239,266,654
%
.18,776,568
17,263,171
>
City
•
180,630,194
.
1.5
1,234,936,691
Erie
Oil
f;
212,328,393
1.0 ;
+
15,210,120
10,724,579
••
1,224,264,021
Pittsburgh
I
!•
—21.3
-4,071,555
1,473,322
3,205,465
1,855,509
.10,910,430
17,890,392
12,121,915
47,089,421
1,668,315
851,513
*
Grecnsburg
5.8
+
268,365,535
5,412,082,534
10,784.232,539
—
1,024,126,436
83,253,100
84,487,400
«
—
Toledo
vjutW'..
,261,275,700
.
14.0
+
-497,795,481
1,013,847,795
Cleveland
Columbus
19,777,607
,
567,511,753
Cincinnati
Newark
2,108,031
0.4
—
37,768,140
39,947,134
6.7
1,273,577
1,150,928
+11.4
9,150,729
*s, '•
-18,563,485
:
Mansfield
■+t
8.1 ve
District—Cleveland—
Fourth Federal Reserve
.—
2,341,278
2,8
+
—
291,840,805
-
0.4
—
"
+
302,110,618
'••+' 4.5
+ 38.2
3,176,627,064
.
.1,6
+
99,325,694
4.7
2.7
536,000,000
3,045,841
2,596,405
33,028,000,000
87,785,883
—
3,858,383
28,485,430
24,929,300
'597,000,000
/ 1,288,360
1,503,000
24.4
-r-13.5"
1,761,270
—13.2
724,000,000
H 1,749,533
11.1
7.3
—
5.3
31.212,525
452,666
+ 15.8
H
.
+
1,773,965
885,678
3,190,499,918
'
1,300,963
1,088,072
+
■
9,020,808
'
1,276,490
739,890
-
+ 29.8
7,273,095
HA
0.2
527,732
555,309
14.7
27,008,384
;
+ 12.3
+
6,415,765
12,077,758
—
36,154,966
—
3,043,000,000
—
Total (17 cities).
+19.8
631,211
6.5
+
30,300,763
—
2,891,257
'
97,452,067
0.8
668,807
—
86,527,547
149,822,081
+ 18.3
7,740,901
2,807,520
3,462,513
::
Philadelphia
V 3,038,000,000
Reading
VH
7,981,392
Scranton
13,560,487
Wilkes-Bar re
9,441,536
York
*
-9,412,759
PottSVllle
£C£+
1,857,838
Du BolS
766,145
Hazleton ————-u—3,754,397
t>el.—Wilmington v-——29,771,556
N. J.—Trenton
——.....
34,455,300
Pa.—Beaver
3,448,566,450
4,637,292,683
145,848,272
48,889,958
43,108,435
+ 10.3
13,428,589
:
Norristown
;
1.4
—
52,391,366
37,571,626
31,622,794
6.1
+
—
4,922,837
-4,744,358
> '
10.7
—14.9
2,371,420
2,625,728
4,626,985
4,038,759
14,805,065
9,154,128
2,785,330
-
——
Chester
Youngstown
6,586,512,495
Reserve District—Philadelphia—
Third Federal
Pa.—Altoona
Hamilton
■
•>.
—46.2
62,940,148
v
S
1,383,075
62,249,000
1,016,796
0.2
—
1942
1943
or
3,605,522
75,211,000
•
286,348,999,849
-—5.0
35,353,044
2,627,191
V
+ 10.2
3,074,101,750
27,783,084
1,940,457
2.2
+
Inc.
Dec.
+
6.6
+
25,962,031
0.6
—
$
58,045,558
,+ 12.9'
55,326,735
,,28,838,572
:
5,781,602
' 33,583,000
J.—Montclalr
N.
58,180,210
5,347,174
:
-
—.
—.
1.7
:
O/H, $
672,208,402
82,114,866
3,386,957,275
24,105,598,290
62j451,333
30,730,140
—.
Utlca ;
2.7
289,819,000
.
29,7.24,214,168
Rochester
i:
81.393.266
—
6,153,404
—
York
New
5,254,594
.
Jamestown
.
i
V
282,050,350
'-.'■■■■
-
668,031,780
—16.5
8,593,004
:•
Dec. %
oH
s
—14.9
54.789,244
46,581,636
7,178,473
Y—Albany
Blnehamton
o:nn;;
1944
1945
Inc. or
1943
1944
Dec. %
Tiearlngs at—
$
Second Federal Reserve District—New York—
ft.
-Week Ended Jan. ۥ
-Jan. 1 to Dec." 31-
-Month of December-
;•••::
241
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4351
Volume 161
164.900,000
11,439,666.
7.3
33,750,662
+ - 8.7
120,200,000
—
'
,8426,861
3?#
:
x
\,a
2,752,888
3.6
-
2,569.J550
"'i.:- ;>■*
9~1
1,953,722
52,791,401.
54,484,045
54,321,624
5,444,671
,f.
+
n.'+i
--2,132,156
-
64,498^524
—
3.1 \
.-
,635,534
r>-
2,~204T209
1,6287505
ij 41,861,164
25,158,000
'•
he-.
5,606,098
—15.8
—
2.9
36,772,8311
5,404,133
3,219,688'
•
Jt
+17.9
324,558
8.0
97,559,186
58,394,826i
435,531,753
+.,2,4
.354,711,502
263,217,408i
837,850
—15.7
719,901
536,934'
396,693
336,186
95,185,042
88,094,014
445,938,805
+
.
.
r
247,829
v.'.i
Seventh Federal Reserve" District—Chicago—
Mich.—Ann
;
Arbor
Flint
—
Grand Rapids
t
•
>.
—
+41.6
+.12.8
5.7
;
1
Oshkosh
155,775,495
'
2,743,034
4,002,969
2(964,688
-4,416,422
—
-
!::.+
8.i
-
730.903
+
2,457,112
■:■'•+
67,970,951
—
32,244,258
—
City
•
2,524,135
2,406,166,961
Chicago
2.3
6.9
—18.8
1.9
3,374,317
+
2,175,458
3,439,469
Bloomington
2.5
6.2
13.6
1,104,481
896,569
Ames
til.—Aurora
+ 16.0
+
2,217,580,730
--
■
50,198,448
29,800,078
;
.
31,678,933
+10.3
11,669,643
749,340
-1,553,749,197
196,834.551
421,301,672
1,878,311,298
2,610,225
.
.
8.5
+ 25.4
9,372,835
-
29,419,448
8,677,848
Springfield
»
6,920,422
23,247,613
8,449,385
9,687,579
986,302
;
11,437,122
9,151,898
Peoria-
Rockford
899,894
+
9.6
4,482,193,392
+
4.7
52,419,340,783
48,238,541,687
Sterling
+
-
-
40.8
+35.4
—
5.5
334,450,966 '
122,845,034'
i
f
i7i'ij}V!2721226.a66
^>^->111,592,83,1
102,810,171;.')(> Oc 105,962,261
10,844,061, ti/jV-iv 10,686,940.
7.6
0.24.2
5.8
7.7
8.3
7.3
8.1.
1.9
1.9
9.2
7.9
6.1
1.7
9.5
+
+
+
+
+
+
+
+
+
+
+
,•
r,
.
+18.2
+ 8.8
+23.8
+22.9
10.1
— 3.0
+ 1.5"!
v.fuy-n
Total (31 cities).
4,690,765,859
6,075,089
rnm
'—'2.2
4,782,474
—10.9,
3,989~675
;
*4,153,056
3,TO~O"371
2,1817837
7.4
2,264,410
2,912,246
4,159,338
4,491,154
32,898~600
36^380~O65
29,5*26"000
27,932,000'
4,794,476
:: 3,518,419
2,647,520^
.'7,558,532;
2.8
+
.V,
5,416,323
•;
7.3
-+
+
■
32,736,659
Decatur
+
+
'•"-:
c
■
+
+
•
-
705,082
+
—
i
3,779,370
10,505,451
8,843,270
9,923,084
39,073^073
44,57~7T792
35,"l73~488
2,313,114
2,759,843
19,183,179
8,252,842
2,097,843
1,601,367
14,969,313
13.818,339
6,335,647
4,946,943
15,752,493
7,226,940,
710,227
672,418
501,523,161
520,570,000
2,118,037
1,861,172
6,318,983
6,340,057
2,552,627
2,572,950
1,872,199
2,152,937
+
8.6
640,914,093
674,445,853
+
8.0
169,600,000
184,200,000
+
5.6
516,662
—
22,0487808
3.7
435,628,435
+ 13.8
0.3
5,206,327
..
1,288.386
—
i4
520,392
381,705,951
1,614,315(
;
-^7,503,975
0.8
2,088,559
—13.0
1,877,609
4.0
559,664,764
484,881,752
7.9
148,400,000
127,500^000
—
—
i
hth Federal
Reserve District—St.
Loui!|—
—
819.956,978
':+
0.4
9,317,184,715
8,627,968,632
6,210,190
721,471
5,750,614
+
8.0
65,534,450
57,738,705
—11.7
10,280,109
9,732,689
+
•Louisville
353,959,677
345.484,716
2.5
3,742.336,617
3,501,436,860
+
6.9
71,820,373
76,683,925
64,721,413
57,503,535
—Memphis
256,192.295
221,409,448
+ 15.7
2,450,131,C90
2,239,387,891
+
9.4
44,481,275
48,372,550
41,630,493
39,826,353
721,926
734,925
—11.7
7,635,610
6,969,182
+
9.6
5,572,225
4,941,000
+ 13.2
59,336,725
53,173,000
+
11.6
1316,365
1,308~000
8.0
287,018,013
310,564,475
-St.
ie
Louis
Girardeau
ependence
Jacksonville
otal (7 cities).
823,208,888
1,446,586,672
*
817,375
1,399,095,056
+
'+
3.4
15,652,439,316
14,496,406,959
,
-+
-
102,787,041 '
1,734,263,684
29,536,770 iv
46,424,763
- ••
9,197,747
28,862,212
104,104,210
726,940,033
-369,033,940
,
347,662,799
11,841,840
11,643,645
40,162,273- v wu ;; 36,688,503
31,665,396 V' f
26,786,451
25,710,197,455
'<
23,622,041,315
120,191,610
97,097,154
113,704,679
784,084,262
-
47,300,294
154,412,313
-295,334,094
•
110,683,632
+ 14.5
-179,109,882
: : 77,570,315
—
'-445,753,588
+ 16-9
10,084,155
66,401.089
Watertown
Manitowoc
la.—Cedar Rapids—
Des Moines
'
205,104,698
-4r22.3
: hv
51,762,648
•
1,557,007,465--
—23.4
37,860,041
178,324,116
-
-
-
303,603,788
5.7
+ • 3.1'-
23,213,529
'■
8,775,659
Sheboygan
Sioux
—
144,296,789
10,258,382
-
-
28,289,927
46,313,785
1166,198,616
+11.3
-.13,681,164
J! 17,774,775
Bouth
.
:
148,793,465
*
Terre Haute
Wis.—Madison
Milwaukee —-—
'■«
•
26,666,392
....
+
4,739,488
-
15,225,377
.
,7,682,762
•.
5,008,666
-
.
3.9
9.2
1.5
- +11.3
•'— .1.5
+16.5
+ +13.9
32,039,104
17,458,205,153 ■ • '
90,328,179
'
256,089,040 "•>-
50,769,725
18,293,915
(
-
-
50,988,856
+- R.0
;
208,590,733
88,391,516
1.
Indiana!
,
-91,665.942
284,905,613
4,274,112
v
Gary
19,071,596,270
16,199,506
.
-
33,267,692
1R
23,562,627
-
Muskegon
Bay
City
Ind.—Ft.-Wayne
3.1
7,312,348
.26,295,431
'"(4,821,309
-
—
Lansing
1,607,045,621
18,782,446
:
———
Jackson
+
—
-+-10..7
3,625,575
3,738,933
1,579,328,574
] -8,097,333
—
Detroit
<
.
42,532,186
+ 13.5
+
5.6
—14.7
"867,666
"8317666
7.6
255,618,906
225,660,888
—
THE COMMERCIAL & FINANCIAL
242
Inc. or
1943
$
Clearings at—
$
;.yyy
Dec.
;y,y
1944
■
v.
$
%
-Week Ended Jan. 6
1943'
Federal
Reserve
19,723,541
,f.
_
21,382,896
1
Paul
244,253,745
2,632,042
2,649,059
—
B.
Falls
+
Falls
.
■:+;
¥
Dec. ''0
1942
1943
*
,
$
'
■■
2,387,000
+
>■'
'(
6.3
+
•
i
'4,535,094
132,556,952
4.4
+
+ 12.1
2,412,000,427
5,946,620
+15.7
2,179,280
l'.
1.3
+
4,475,494
3,712,782
4,191,216
'
—14.4
154,820,621
185,700,033
31,006,000
+
164,202,764
92,032,041
119,455,777
y
+ 24.1
+ "9.9
70,581,483
159,162,081
15.640,850
14,840,579
992,294,910
12.9
■
44,276,706
36,0*2*4*944
3,323,155
3,103,403
1,301,027
—28.6
59,252,560
•' ut':.' *
'
996,657
'
■:
77,675,390
+
61,784,085
+
1,601,581
'
71,484,206
+
4.5
241,689,670
+
1.8
6,794,919
6,013,257
4.7
11,039,294,538
10,588,863,445
v:'.y-^ 5.7
■
1,684,576
'''+
25.7
74,666,635
246,058,086
6.8
—
•
3,721,214
;
.
4.9
—
r_j
-
■
—1_
■
5.4
9.9
+
3,507,753
-
6.6
—
8.7
—
660,426
■
.
1
77,557,131
1,041,740,846
.
■)
M¥
■
+ 13.1
'
.
+ 23.1
148,590,279
+
.y
42,306,168 •'
!
21,684,091
+ 77.4
615,422
6.8 ■'
24,991,000
;
.
—12.0
7,003,480
8.4
27,986,647
.
+
—10.5
6,797,548
3.3
+
17.0
1,490,230
7,020,201
«;vy.v;.v-- y-vy
+
■
26,990,048
5,567,216
•;
.
12,619,163
24,597,753
Lewistown
0.3
—
+
25,598.973
+
2,491,714,748
29,268,909
23.0
16,007,677
27,034,541
.
Helena
v
0.6
+
2,762,000
2,550,654
7,674,060
6,394,840
Mont.—Billings
Great
4.4
—
478,390
6,283,866
13,358,060
1,311,846
D.—Aberdeen
Huron
225,751,335
7,056,522,230
28,700,896
8.8
17,010,531
.
—
Sioux
225,120,666
7,366,866,664
" 588,461
.
Forks
Minot
7.7
+
2,311,924
Fergus Falls
N. D.—Fargo
Grand
•
Inc. or
,
$
'..■
•
,
•
2,514,287
—
Winona
1944
..
.
Dec. %
;+y< »
G.O
—
68.9,919,091
—
648,421,588
■
233,402,154
Rochester
St.
i
1945
or
District—Minneapolis—
Minn.—Duluth
Minneapolis
Inc.
'• i
:.
Ninth
Monday, January 15, 1945
-Jan. 1 to Dec. 31-
-Month of December-
1944
CHRONICLE
1,422,554
5,326,492
189,906,549
230,699,912
0.3
1,068,975
**9*8*7*503
—25.4
5,011,231
4,067*232
178,628,087
140,924,562
1,418,955
3,976,447
+
$.***»
V.
+ 13.0
'
Total
cities)
(16
—
4.3
+
.
—17.7
/
■
.
Federal Reserve District—Kansas City-
Tenth
19,253,811
Lincoln
Omaha
;
18,552,630
.•V
319,369,609
.
+ 462.2
170,029
955,773
Neb.—Fremont
10,694,361
3.8
+
10,150,520
:
«.:+ .5.4
,
206,653,874
+
+
0.8
272,810
4,445,415
4,845,847
'•
72,127,692
c
Parsons
:—^—
1,468,310
Wichita
+
1,447,652
13,459,401
32,243,808
————i
13,685,457
1.0
+
1,156,389
1,168,330
•
——
Topeka
1.4
12,922,347
y
161,891,949
2.3
394,338,310
+ 36.8
44,991,414
152,253,710
2.2
6.3
-.y
318,252,635
:
.yyy
y
—
V
,
iv"
Mo.—Joplin
Kansas City
St. Joseph
866,301,152
.
:
>
28.952,970
—
Carthage
—26.9
*:'•
"
3,089.596
.
7,224,737
•
15,567,147
Springs
v
9,801,631,495
332,857,709
21.2
+
,:+
-
-•
'ry'y
.
-
4,227.169 : •
—53.5
5,830,949
29.8
■:
V*H, iT.*■'
+
198,009.337
8.7
+
V
8,313,461
-J
-
•y.x+y2;7-:yyy
306.098,170
10,788,892
4,833,158
4,529,182
2,521,780
1,657,634,044
(16 cities)—
Eleventh
4.5
'.
y
647,061,188
225,072,680
6,627,957
—12.0
7,193,063
H
187*4*11*393
*
.
3.374.343
.
.
"5,205,016
'y>>4
'
7.9
—
;
' 'XT'".
\
138,571*776
5,133,334
5,872,618'"., '
,
...
56,284,467
55,055,474
2,973,400,455
2,812,430,310
+
5.7
48,255,465
46,218,222
+
4.4
5.3
29,584,496
22,437,209
3.4
18,841,824,932
18,162,567,145
+
—
v
.
967,104
+.2.2
,/
.
""; •!.'
■
1,095,097
.
y
i.,',
:
■
L_
+14.1
7.8
—
1,716,462,865
■
'
■
—11,7
■
1,133,304
759,281
4,7
1*092*475
87*3*620
276,279,236
199,104,875
'
-■.
1,057,721
1,109,232
—
-
,+ 32.4
3.7
+
292,966,682
y
346,512,617
—15.5■
'
yy '
Federal Reserve District—Dallas-
11,861,308
+23.6
8,939,681
+ 20.4
104,301,753
100,313,678
494,957,110
+ 16.2
5,982,491,163
5,377,914,814
+ 17.0
530,214.874
474,998.786
14,658,455
Texas—Austin
Beaumont
-I
10,767,815
-
—
575,259,579
54,687,336
Dallas
Paso
yy:
46,737,267
15,317,000
Arthur
466,769,763
3,575,059
Fails
y
—
——
7,459,589
:
6,841,325
-
7.6
2.6
9.8
5,359,701,892
46,037,919
735,378,441
—24.4
V
137,634,688
158,945,400
+
4,729,990
—
—
+
14,930,000
512,575,068
139,941,466
+ '
+
63,301,662
68,124,800
Worth
Galveston
Houston
9.0
+
1.7
+
4.0
3,711,561
■
+11.5?
+
76,539,177
+ 93.0
31,300,151
+ 18.3
280,497,062
1,295,196,766
1,145,752,162
+13.0
13.445,349,298
_
87,4*3*6*600
■
_
16,420,174
16,123,447
13~21*6*5U
12,*0~7~6\020
3,042,000
'
3,660,000
3,794,000
2,738,000
•
4;3
12,027,997,017
28,462,837
—i-yy ■'
11.7
+
247,281,556
"V
1,982,20'3
:
■
________
2.6
+
68,529,038
1,600,366
2,794,053
101^43*621
+13.2
44,145,487
25,083,690
+ 23.0
139,185,000
■
+■•-+:
+ 11.3
154,983,000
3,018,313
r
134,335,000
11.6
+
•
4,732,935,047
3,088,711
—
cities)
+
•
660,798,086
:
29,683,354
Texarkana
La.—Shreveport
(11
738,051,761
:y?¥y +3.2
2,394,186
Wyoming—Casper
35.5
+
—
290,213,178
'
4,674,746
Total
10,065,283,978
—11.1
66,254,579
267,622,800
Wichita
3.2
—
797,944
4,617,034
—
Pueblo
Port
;
32,621,649 '
89,767,565
—
Denver
Ft.
895,290,397
"
40,269.856 X
'
■+ 11.7
'
Colo—Colorado
El
3,208.031
966,789
—
Dkla.—Tulsa
Total
+
41,894,007
**U"
2,257,841
+ 23.9
'
4,290,166
3,156,995
v
■
"
'
33,013,465
136,503
5,150,936* r"
65,224,104
0.4
+
:+
•■'
15,670,778
'
;
—
':.
12,975,868
.I
16,017,302
1.7
—
—18.3
y
v
236,288
•"
8.3
—
88,267,145
'
Kans.—Manhattan
8.8
—
'
2.2
3,707,094,375
.1
248,878
'
211,138,271
3,735,323,755
v,
8.3
—
348,294.939
v
_
1,797,670
6.6
1,*293*651
1,341,514
"+*5*0*1
5^9*2*5*883
5,049,78'
128,241,836
110,623,524
—17.4
90,603,939
65,782,628
8.4
1,646,181
1,917,622
1,685,937
+
'
+ 10.1
________
13.4
6,918,673
4,608,214
+ 11.8
166,225,078
168,280,911
81,625,415
98,769,129
2,739,987
2,527,848
+
Twelfth Federal Reserve District—San Francisco—
45,989,926
43,928,483
+
4,624,648,675
4,592,811,453
+
m
f
+
23.4
'
105,778,123
105,492,485
95,991,699
17.4
39,764,000
32,259,000
1.5
3,852,045,288
82,620,821
1,454,726,667
4,004,703,346
3.5
0.5
336,686,298
+ 10.7
11,073,457
+ 23.4
10,812,401
10,568,869
+
2.3
3,781,000
3,221,000
+
346,976,746
Ida.—Boise
-
352,141,523
9,045,507
146,849,125
-
Ore.—Eugene
8,307,087
152,102,030
■
_
Portland
Utah—Ogden
Salt Lake City
—-
...
,
—
"
8.9
+
—
130,218,566
4.7
26.7
+
3.8
—
86,886,938
—
1,445,684,334
304,130,273
30,379,312
30,540,810
15,491,471
.13,627,661
+ 13.7
145,240,953
109,550,131
18,919,013
—10.0
179.187,022
165,949,859
+
37,728,179
45,095,445
§-16.3
472,754,962
488,305,329
10,188,636
8,037,082
+ 26.8
107,583,224
85,801,800
24,330,843
7,161,444
1,416,493,765
19,304,348
6,445,443
¥26.0
229,580,880
190.846,624
+ 11.1
76,309,072
1,268,114,679
22,497,218
+ 11.7
14,834,954,064
62,022,934
13,267,104,870
33,179,763
1+47.5
326,031,129
237,775,446
11,461,287
9,966,949
+ 15.0
106,627,047
84,475,447
22,329,575
+ 15.9
246,945,830
8.3
27,397,692,547
25,630,466,455
+13.9
560,032,329,734
273,683,329,885
Riverside
Francisco
San
Jose
-
__
Barbara
Stockton
24,879,289
—
\
(19
Grand Total
♦Estimated.
48,307,975,682
25,301,443,693
-
_
2,395,433,680
55,025,657,861
(186 cities)—
—
11,519,359
7,627,615
6,317,105
5,84X834
3,46X438
4,46*8*063
24,202,377,372
; > *
,
+ 10.7
8.0
—
3.2
25.4
+
+ 20.3
+
23.6
+
11.8
294,*23*7,000
+
4.5
.+
511,618,209
+ 10.8
11,006,931,360
11,531,982,995
256,740,113,979
+
6.6
4,708,182,202
5,167,045,266
Date
Page
General
Moore-Drop Forging Co., class A stock—
Rhebem Theatres Corp., 1st mortgage 5s
Roberts & Oake, lnc„ 1st mtge. 6s, due 1954 —
Pacific
RR.,
PARTIAL
9
1
1U
1
10
Radiator & Mfg.
Montana Power Co.,
Morris
Plan
1
1st
107
28
108
23
A,
Jan
15
'
debentures,
due
Safe
146
5
Department Stores Corp., 6%
States Power Co.
(Wis.)—
stock...
pfd.
1st
♦
1st
7%
1st
ref.
&
collat.
trust 4J/4S,
Shell
Page7
*'./■
Feb
Brooklyn Borough Gas Co.,
Central
due
Maine Power Co.,
1970
—
due
I960.
1st mtge. 4s,
due
1
Mar
1
Chesapeake & Ohio Ry.—
Ref. and improV. mtge. 3Vzft
Janeiro
mtge.
Co.
1st
Tramway,
bonds—
Harbor Water
Kobacker
Light
&
Power
Union
Oil
Co.,
112
.
■
■.
,
1st mortgage
3%%
1965—Feb
1st mtge. 3l/4S, due 1966_Feb
-
.
15
42755
1
3
1
*
All
&
Butler
Rheem
Roos
2
346
146
42080
..Jan
1
1
15
Brothers.
1
4
1
42539
1952——,—........Feb
1
42548
5
42336
1
42654
1
4
1
42398
25-year 6%
Tide
Twin
42548
stock-,—
1
42647
1
Mar
1
bonds, series E, due 1971—-—-—Apr
bonds, series G, due 1965
—..—May
2
42075
2
42075
16
42759
15
42759
1
41299
.
bonds,
due
42758
•
,
1968—
sinking fund debenture bondslFeb
due
1st mtge. 5, series A, due
1st
(A.
1945—.Jan
1952—Mar
1953—„—Feb
5s, due 1942_Feb
42075
1
1
Oil
Corp., lJ/a% serial notes, due 1946—I_Jan
G.) & Bro., Inc., 2nd pfd. stock.Feb
Water Power Co.,
1st mtge. 5s, series A, due
*
•
.
1
*
1
42760
1
42189
15
42548
5
42336
1979.Jan
27
147
_Jan
15
42116
:
City Rapid Transit Co.—.
lien
and
refunding 5Vis, series B—
United Amusement
United
6ie
Printers &
Corp., Ltd.,
Publishers
1st mtge. 5s,
series A—Febj, 1
(Inc.)—
^
debentures, due 1950
in
;
___.__Feb'^ 1
this'Issue,
_
Co.,
Feb
^ 42655
•
••
■"•>•'1"
*
tin Volume. 160.
'
+
,
.
* s'
'
i ¥ •"
•
16
cumul.
1955— Jan
31
Feb
1
Feb
9
series A, due 1971—. Feb
1
42644
Feb
1
41629
Jan
22
1st mtge.
4Vis,
due
&
Quincy
;_~
....
preferred stock.
conv.
106
Condition SfaSemsnt of Member Banks
The condition statement of weekly
reporting member
of the Federal Reserve System in 101
RR.—
series A,
Deerfield Packing Corp., 1st mtge. 5%
Eastern
banks
due
1948
bonds, due 1954.
Gait Brass Co.,
General
Foods
Ltd., 1st & ref. 5%
Corp.,
bonds
Mar
inc. bonds, due 1950. Feb
$4.50 preferred stock
leading
principal changes for the
$356,000,000 in loans;
increases of $520,000,000 in holdings of United
States
Government obligations of which
$436,000,000 was iri
Treasury bills, $151,000,000 in balances with domestic
banks, and $408,000,000 in deposits credited to domestic
cities
:
-
5
Jan
1
109
1
42646
31
109
shows
the
following
week ended Jan. 3: A decrease of
Oregon Light & Power Co.—
Refunding & collat. mortgage 5Vi rfo
4
Feb
5%
mtge. bonds,
*
.Feb
—
^Announcement'
preferred stock
conv.
1st and refunding mortgage 5s,
1
bonds.—.
preferred
42543
:
.
1st consol. mtge. 3V4s. due
1951.———.July
Co., 6% convertible preferred stock—
Feb
Inc., preferred slock—
Feb
Shell Union
Danbury & Bethel Gas & Electric Light Co.—
5--1i.'*
Feb
Gas
Burlington
3
mtge.
41526
41969
RR.,
Mfg.
Bros.,
Spalding
Langdon, Inc., 1st mtp.e. 5s, due 1959..
Cleveland Union Terminals Co., 1st mtge. 5VuSt series A.Apr
Apartments 1st
1
Mar
Date
American Aviation, Inc.,
Arkansas Western
Dallas
Park
;
mtge. 5s, due
**
ENTIRE ISSUES CALLED
Ball
dup 1996_Feb
bonds, series E, due 1969—
»
Apr
__Mar 30
.
Chicago & Western Indiana RR.—
r • ■
v ! \
1st Sz ref. mtge. 4Vi% bonds, series D, due 1962—2—Mar
Cincinnati Gas & Electric Co.,
7%
(A. I.) & Son, 6%
Portland
■■
1
.:
1961
-
Pittsb gh Term. RR. & Coal Co. 1st
mtge.
;-_^_i--___Feb
due 1952____Feb
due
Inc.,
Edison Co.—
Peabody Coal Co.,
"yll?'
Feb
due
Stores,
Ozark
Power Co.—
debentures,
debentures,
42757
22
-Mar 31
America—
National Dairy Products
Corp., serial debs.,
Power & Water Co., 1st
«
Ltd.,
,
bonds, due 1948
7lJo preferred stocks—
Co.,
mortgage 4%
1st mortgage 4%
15
—..Apr
y,
.
Pa^e
Date
debentures, due 19564-——Jan
Pittsburgh Terminal Coal Corp.—
Spalding (A. G.) & Bros., Inc., 1st pfd. stock....—...Feb
Springfield City Water Co., 1st mtge. 4s, ser.,A, due 1956 Apr
Chicago
Cincinnati Union Terminal Co.—
3,467,714,247
;
of Minnesota, Northern Division—
mortgage 4»/2%
Natnm
6Vis,
.......
Power Corp.—
Corp., 3%%
4f7o
Co.,
1
Co.
Water
1st
1
5
—Feb
mortgage 4Vis,
Simmons
mtge.
Company and Issue—
Feb
bonds, ser. E,
4,224,126,229
8.9
mortgage 4%
Metropolitan
42754
1st & gen. mtge, 3 Vis, ser. L,
———
365,382,081
6,778,161,348
6V2bonds, due 1947—.
1
Mar
due 1945
-—
42393
—_Jan
-
475,028,992
8,696,743.705
preferred stock.—■—J
1st
—_—.....Feb
due 1947—:
Salmon River Power Co., 1st mortgage 5s,
REDEMPTION
Atlantic Sugar Refineries, Ltd., 4% bonds, due 1951_
British Columbia Power Corp., Ltd.—
9.0
—
International Rys, of Central
1st lien and refunding
1
Feb
1st mtge. 5 Vis,
Eastern Ry.
Hackensack
Mar 15
due 1964—
Wire Co..
1st mortgage 4Vis, due 1979
St. Joseph Ry., Light, Heat &
*
146
1953—
1,844,541
3,213,364
4.6
—
General Shoe Corp., 3V4&
Northern Ry.—
•
5 %
3,946,429,;
4,425,441
Great
9
_..Mar
—;___
,
1954
de
5r/c
*
28
5
1952-.
bonds, due 1963-:_Feb
1st mtge. 4V4S, ser. C, due 1961 .Mar
3947
mortgage 3Vis,
due
Feb
Date"
due
4V2%
mortgage 5Vis, due 1972
Prairie du Chien-Marquette Bridge
bonds, due 1951-Jan 23
Alleghany Corp., 3!4% secured convert, notes, due 1954_Feb
American, British & Continental Corp.— '
^
due
sec.
1st
*
■
Co., 6%
42756
Philadelphia Electric Power Co.—
Rio
25
i...—Jan
debentures,
1st & ref. mtge. 3%s, due 1966_—_Feb
of America secured
conv.
bonds,
Corp.
Northwestern Barb
*
Company and Issue—
4%%
Co.,
Missouri Telephone Co.,
J2753
13
refunding bonds.—Feb
1st mortgage
1
McCord
Page
28
Jan
Feb
Pacific Ry., 1st mtge. ret. bonds, due 1949
Feb
International Ry. Co. (Buffalo, N. Y.) ref. &
improve¬
ment bonds, due 1962
_•
•
Jan
Tenn. Coal, Iron & RR. Co. gen. mtge.
...Feb
debentures, due 1948_Feb
Steel
National
Feb
income mtge. bonds.-:
Co., T/c preferred stock.—
Centra)
Southern
110
Northern
Arcady-Wilsliire Co.
Byers (A. M.)
42757
preferred stock
Mercantile Properties, Inc.,
TENDER
stocks—_*
common
42756
31
ser.
Date
Ccu-p.,
1
15
—Jan
4,/4%
Lukens
given in the "Chronicle."
Company and Issue—
American
199,633*000
",1,750,974
Company and Issue—
29
(T.)
_
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
OF
15
Realty Co., Ltd. 1st mtge. 4s, ser. A, due 1951.Jan
Empire Gas & Fuel Co., 3V2 c/o debentures, due 1962.u
Feb
Flintkote Co., $4.50 cumul. preferred stock
Jan
Eaton
list of corporate bonds, notes,
NOTICES
bonds.Jan
Hecht Co.,
were
.
4,693,588
++
8.3
9.4
562,266,902
505,299,900,357
Duquesne Natural Gas Co., gen. & ref. mtge. 7%
Notices
which the details
+ 18.9
—
4,191,708
8.9
+
Company and Issue—
a
258,"98*1*598
7.9
—
6,127,477"
2,551,247
■
;
Redemption Galls and Sinking Fund
Below will be found
320,1>~18~936
7,285,287
2,340,702
*3,800,000
„
-
-
2,593,917,914
cities)
outside New York
8,712,396
226,746,004
_
-
San
54,014,348
24,245*981
+ 26.2
—
"Pasadena
73,408,656
28,42*1*562
5,299*260
+ 37.1
t
___
76,746,601
33,472/763
+ 32.6
17,023,928
♦.
Beach
Modesto
74,166,711
3MTM51
4.9
0.8
+
—.
———
-
Calif.—Bakersfield
Berkeley
+
+ 10.2
—
Ariz.—Phoenix
Total
8.3
—
389,195,261
Yakima
Santa
¥
13,654,846
430,860,023
Seattle
Long
3,946,230
3,620,349
Wash.—Bellingham
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4351
Volume 161
banks; and a decrease of $375,000,000 in demand deposits
adjusted.
'
Commercial, ;• industrial, and agricultural loans de¬
clined $27,000,000 in New York City, $24,000,000 in the
Chicago District, $23,000,000 in the Cleveland District,
and $103,000,000 at all reporting member banks.
Loans
to brokers and dealers for purchasing or carrying United
Foreign Exchange Rates
Pursuant to the
requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world.
We give below a record for the week just passed:
....
same
FOREIGN
CERTIFIED
RATES
BY
both largely in New York City.
'
-
.
,
Argentina, peso-
$436,000,000 at all reporting member
$
Free
$41,000,000 in the Chicago District, $36,-
increased in most of the other
$41,000,000.
was
Demand
;
adjusted
•
in
City, $134,000,000 in the Chicago District, and
Time de-1;
$375,000,000 at all reporting member banks.
$83,000,000.
was
credited
Deposits
1
„
banks
domestic
to
[':IK
v".',:
•
'
millions of dollars)
Increase ( + ) or
Investments—total—
Loans—total
$
i:
....
g*
*:
10,360
+
—356
1,927
+
—103
6,415
dealers
and
brokers
*
and agricultural
industrial,
loans
to
1-5-44
+ 150
59,887
1— 12,630
—.
__i.—
Commercial,
Loans
12-27-44
S
Assets-—
Loans and
tor
.060602*
.060602*
.060602*
.051803*
.051803*
.051803*
.909090
.909090
.909090
.909090
.909090
.909090
.898125
.898046
.897578
.898125
.898125
.897500
.572200*
.572200*
.572200*
.572200*
.572200*
,
—.
4.035000
4.035000
4.035000
4.035000
.301215
.301215
.301215
.30)215
.301215
.301215
Mexico, peso_!
.205820
.205820
.205820
.205820
.205820
.205820-
it
+
.909090
Official
...—
obligations—1,416
■
0. 8. Government
•:•+
—;^;.53
48
+
9
—
+
615
Other securities
—
Banks
—
Balances with domestic
banks
2,934
9,238
597
2,446
45
+
+ 151
217..
.658300*
.658300*
.658300*
.541966*
.541966*
.541966*
.541966*
W. .541966*
.541966*
Per
DIVIDENDS
Dividends
paid. Further details and rec¬
dividend payments in many cases are given
under the company name in our "General Corporation
The dividends announced this week are:
■>
+
+
83
+
1,431
+
13,915
U. S. Government deposits
79
+
6,967
during
■
U.
and
+
.Semi-annually
American
+
70
54
—
48
+
week——.—-—;—.
avav
preferred
-5%
5%
Chain
Jan, 3,
1945
Jan.
17,806,365
Redemption fund—F. R. notes—
6.10,990
+
3,884
Other cash
267,364
+
22,012
18,684,719
130,155
3,889
Total reserves—
Discounts and advances
Industrial loans.——
8. Govt, securities:
0
Bills
Certificates
Notes.;
+
5,104
a
100,305
148
+
—1,694,205
——
-
Bonds
11,233.527
4,886,640
1,568,221
1,218,482
—1,430,794
83,169
+
6,653
—
+
4,205,750
2,371,840
890,321
+
20,849
:
preferred
415,870
—
i
18,906,870
(incl. guar. sec. I
+
172,512
6%
+7,052,041
Total loans and
securities—-
P. R. notes of other
banks...—
0ncollected items
Bank
,——
19,040,914
136
104,021
1,787,045
+ 272,965
preferred
Cork
Cuneo
58,519
Other assets
4%%
14,327
—644,192
+
70,657
929
—
,
+ ^
158
4,707
—
39,709,625
-379,695
+5,777,111
21,694,777
Federal Reserve notes
+4,798,458
Oenosits:"
Air
$6
Dun
Corp.
Member bank—reserve acct._
0. S. Treasurer—gen. acct.—
14,056,996
527,801
1,198,829
Foreign
Other——
—.
390,956
—
—
+
135,601
64,028
21,267
2,476
Eppens
110,531
Eureka
Fxeter
8'.
Famise
Other liabs., incl.
52,782
+
890,011
1,342,554
7,527
—386,904
+
28,381
657
+
39,219,440
Total deposits
—381,484
16,174,582
—
accrd. divs.__
Total liabilities
+
+
+
1,392
5,718,242
Burnlus (Section 13b)
„
—_
505
+
•:
v 9,576
40,056
+
+
27,165
69,963
Other capital accounts
+
+
1~284
200
+
9,037
39,709,625
—379,695
49.3 %
.1 %
+
5,777,111
P. R. note liabilities combined
Commitments
trial loans
to
make
—
—
13.2%
—
3,661_
—
148
—
:/
5,617
75c
30c
15c
——
(quar.)**———
Inc.
(s-a)
—,
Co
——
Electric
class A.
50c
—
Co.
Bros.
15c
$2
50c
$2.50
5c
Gear &
Garfield
General
Stores
prior lien
preferred
3-12
6%
6
2
1
..
1-
1-10
1-20
Shoe
Corp.
c.
Co.
common
2- 1
2- 1
2- 1
1-25
1-25
2- 1
2- 1
2- 1
1-15
2- 1
.
3-10
2-1
2- 1
1-15
1-31
4
3-
1
1-17
1-17
1-11
1-15
(irreg.)
—
*
Z'2
t
2-15
25c
2-
2-
1
1
1-15
1-15
$L50
North
Boston
7%
&
preferred
Nunn-Bush
5%
Co.,
1-24
1
.
1
1-15
1-22
1
4-21
8-
1
7-21
10-30
10-20
1
1-18
3-1
2-
2-16
1
1-20
2-
8
1-15
2-
1
1-15
34-
1
2-15
2
3-15
20c
1-30
1-15
(
$1.25
1-30
1-15
(quar.)—____
50c
—
(quar;)—
1-23
1-15
1-10
$75c
2-15
1-15
1
1-12
+$1.50
2-
2-
1-.
2
$1
2-
1
1-
9
25c
Ltd.
1-13
2-
1
1-
9
150c
3-
1
2-15
20c
2-
1
1-21
40c
2-
1
1-20
50c
2-15
25c
—
& Electrotypers,
1-20
1-27
25c
—____>__
1
$1.25
Ltd., common
Co.
B
1-
1
20c
—
Gamble
1-
1-15
87 %c
(quar.)——
Engravers
1-15
2-
—__i
common
(s-a)
Pig'n
(auar.)_——.—
Bank
&
(stock
1-25*
Extra
$3
preferred (quar.)_
Reliance Manufacturing Co.
preferred
—,
*
—
(111.), common-
(quar.)
investors Fund,
(R. J.> Tobacco, com.
(quar.
3-15
2-15
Rich's
3-15
2-15
Rike-Kumler
Inc.
I
1-20
2-
1
1-20
75c
2-
1
1-20
30c
2-
1
1-20
4-
2
3-22
1-31
1-19
2-
1
1-15
2-
1
1-15
15c
5-
1
4-16
15c
;
5-
1
4-16
—
[K
(quar.)_—
2-15
1-25
2-15
1-25
$20
2-
1
1-20
75c
Co.
(irreg.)
35c
35c
1-25
1-15
$1.25
;
(quar.)„
Co.
2-
15c
(quar. inter.)
interim.)
Rhode Island Hospital Trust
50c
—$1.25
1-19
25c
5c
preferred class A
B
<:
2-
15C
common.....,:
(quar.)
6%. preferred class B (quar.)
6% preferred class A (quar.)_
6% preferred class B (quar.)
2-15
10%
div.)_
Power & Light
Sound
1-16
30c
$1.75
Trust
1
25c
National
Co._—,—_—.
Raymond Concrete Pile Co., com. (quar.)„_
6%
2-
2-1
37 %c
(quar.)_______
Extra
7%
1-19
25c
/
common*.,.—
Company
Republic
1-31
75c
—
preferred
preferred
&
•
1-18
5-
35c
—
—
common
(quar.)
—
6%
preferred (quar.)—.
—,
Pennsylvania Gas Co. (quar.)—
:
Peoples National Bank (Brooklyn, N. Y.)___
Photo
1-15
1
2-
1
15c
Inc.*——
(quar.)——
Shoe
Corp.
1-15
•
2-
2c
Rubber Co.,
convertible
Tire
1
2c
$1.25
'
$1.50
1
Lighting Properties—
$2 preferred (quar.)
Northern Illinois Corp.,
Norwalk
1
2-
1-29
13 %c
(quar.)___
pfd. A (qUar.)_„_..
(irregular)*—*
Common
——
—
Co., 5%
2-
2-
:
■v 2c
5xh"b preferred
Merchandise Co.,
York
Z'iA
:——
(J. J.)
Newberry
Class
1-20
1-15
2-
2c
_*
*
Quarterly
Reynolds
1
1
20c
—
1-18
v
1
2-
t$1.25
1
1-16
1-20
2-
$1.50
(quar.)
2-
12-30
1-19
50c
2-
1-15
1-19
1
$1.50
1-15
2- 1
1-31
4'
1
2-
54 %c
1-
1-15
1-
2-
$1.50.
Co., $7 pfd.____
class A (quar.)
1-20
1-10
1-15
20c
—1_
1-31
1-18
8
(s-a)
Puget
25c
;
(quar.)__
——
(quar.)
Co.
1-20
1
1-
50c
—
1-20
$1.75
,
Globe & Republic Insurance Co. of America—
preferred
.
1-31
1-31
1-31
1-19
5
1-15
$1.25
Public
4
5
1-
(quar.)*—
Quarterly
Packer
1-16
5
1-15
$1.50
(quar.)—
—^
(quar.)—
————
National Tea Co.,
Penmans,
4
1-
1-
30c
—___,
Co.,
Quarterly
5
1-12
$1.75
& Light
Co.
1-
1-15
■
■
Quarterly
1-19
1-
1-17
Duparquetk—,———
National Electric Welding Machine Co.—
1-22
1-15
1-18*
1
1-12
$20c
Outlet
1-25
1
2-
60c
——_ —
Insur.
1-22
2-24
2-
$1.50
i accum.)__
&
4-14
Co.—
Oliver United Filters, class A
2
1-18*
5c
—
1-10
1-
1
Nathan-Straus
New
4
1-20
2-
10c
1-17
12%c
$1.50
___r
(quar.)l
Semi-annuallv
(John)
1-22
1-
1
1
Associates—
Mortgage Corp. of Nova Scotia
2-
5-
(quar.)
Drop Forging
2-15
3-1
25c
(accum.)___*
Power
2-15
-
25c
(quar.)__i
preferred
Mississiopi
pfd.
Electric
lien
.
1
$1.05
Morrell
25c
Building Co., v. t.
prior
3-
12-11"
2-
(interim)
&
$6
1-
1
(irreg.)-,__„__.
common
Manufacturers
&
Gas
1-15
3-
5
1-19
$2
$6 pfd. (quar.)
Light
(quar.)
Mills
7%
Proctor
(quar.)
quar.)
Georgia RR. & Banking Co.
$5
Michigan
1-23
12-
$1.12%
15c
:
(quar.)
Machine Corp.,
purred
preferred
1-31
2-15
25c
25c
(quar-,)^**
(resumed)_***_—
(initial
■5%
1-11
1-12
Inc.—
%
6%
Co.,
Corp.,
1
2-15
(quar.)
(accum.)——
Shoe
^25
3% %
Whistle Corp., partic. pfd. (accum.) —
Pneumatic Scale Corp.,
Ltd——_—
(quar.)
-on'-^^tihle
Franklin
preferred
Mercury
2- 1
3-15
;
&
1
2-
$1
(irreg.)
Power
1-15
2-
50c
(quar.)
Fund,
1-20
*1)
■
Merchants
Department Stores, Inc.—
Goodyear Tire & Rubber Co., common**
indus¬
—
Co.,
Line
$2
—_
convertible preferred
Gilchrist
Total liabilities & cap. accts._
Ratio of total res. to deposit &
pfd. (quar.)_—*
—37%c
$1.06Vt
Fidelity & Deposit Co. of Md. (quar.),
$1
First Boston Corp.
(irreg.)—;
$2
Fitchburg Gas & Electric Light Co.**;
63c
4%%
kof.
164,904
228,153
$1.50
$1.75
$1.25
7%c
50%
stock dividend***—
Co.
Hamoton
Common
Foote
Capital Accounts—>
Capital paid in.———
Surplus (Section 7)
Lead
Smith
Pipe
Federated
Deferred availability items
(quar.)
—
Corp
Corp.,
9,521
—
pfd.
Bradstreet, Inc., $6 preferred
245,674
—
$6
Stores '(quar.)*——
Home
&
Co.
Bond
Marble
•
1-18
$1.50
(accum.)
Co.
McNeel
2-1
(quar.)*
Co.,
(new)
Shoe
+ 1,255,737
—
Light
Biscuit
Massachusetts
$2
2-15
•;
5c
—
debentures (quar.)—
prior preferred (quar.)——
conv.
.
1-20
1
$3
(quar.)
A
1-12
1-15
$50c
:
—_
(quar.)—
Mig. Co., 8%
Fagle-Picher
+
(quar.)
Davidson Bros., Inc
Delta
1-15
1
2-
15c
common
'Extra-
*
2-
v:
$20
(quar.)
Y.)
Co.*
preferred
Electric
Manhattan
1-25
2-23
50c
'.
Maiden
3-10
20c
(quar.)
—*
Corp.,
2-16
50c
6%
1-17
•
3- 1
37 %c
dividend)
(stock
1-15
:
(Mo.)—
Extra
4
1-10
_____
1-25
1
1-31
(see Spencer)
(N.
Louisiana Power & Light Co.,
Lowell Electric Light Corp.
1-19
2-15
1-15
—37%c
(quar.)—_■ $1.12]/2
(quar.)
Davenport Water Co., 5%
Dixie
48,019
60c
Fields
preferred
D'amond
Liabilities—.
&
2-15
3-31
1-15
$1.50
Ltd.
Co.,
common
preferred
Dennison
Total assets———
common
Gold
Inc.,
Power
7%
(quar.)—
—j.
*
pfd.
conv.
(quar.) —
Seal
&
Press,
Dallas
+
34,271
premises
+7,128,557
3,522
—
Co.,
Consolidated
Cuba
-
Due from foreign banks..—■_—
Electric
(quar.)
___
—;
$2.75
Pictures,
Concord
Crown
■
(quaii.)—-:
Co.
Columbia
Co.
1-19
1-20
2-20
!
Tailors
preferred
Bros.,
Loose-Wiles
1-18
1-13
1-27
25c
& Sons
Carbonic
4% %
Lit
1-31
1-15
2-15
Extra
1-12
1-
Material
Liquid
1-20
v
1-16
1-27
(quar.)
Custom
1-15
1-29
2-15
tsi
(irreg.)
Corp.
1-19
1-31
25c
$1.06'/4
$2.50
68%c
^
1
.;
40c
Water Works Co.,
1-19
1-31
2- 1
25c
——
Colgate-Palmolive-Peet Co.—
Common
(increased quar.)
$4.25
preferred
(quar.)_
Co'lins
Line
1-15
(Mo.)—
'
Quarterly
;
Moore
—
of St. Louis
Bottling Co.
Coca-Cola
securities
Total U. S. Govt,
*
2-
.'
$1.50
(extra)
Ltd.
Utilities
$6
Breweries. Ltd.
Coast
+
+ 193,361
5%
86,146
2- 1
3-31
2- 1
(s-a)_*
$5
(quar.)—$1.25
(quar.)_
+3c
Ry. Co., common
349,557
+
—
i;
i
—
31,000
—
1944
•
certificates on hand and
due from U. S. Treasury-*—*-
12,
75c
City Ice & Fuel Co..
:—
—.
City of New York Insurance Co. (N. Y.)
Cleveland Cincinnati; Chicago & St8. Louis
2-15
25c
;
1-15
$1.62%
30c
50c
—
—
1-15
1
2-
(Spencer)
1-24
2- 1
2-1
2-1
2-1
.
(quar.)
l"
50c
Kokenge Co
Leonard
1-15
Corp.:—
Investment
preferred
2
2-
60c
(quar.)_
Baking Co.,
1-15
$4c
—
Copper Corp
Pasco
Stores
$6.50
-Since-
.
do
Cerro
Inc. (+) or Dec. (- -)
I" 5
2-23
4c
43c
-
*
«
——
5
1-12
1-
3-
(s-a)
6% pfd. (quar.)_
Lafayette National Bank (Brooklyn) _______
Lawrence Gas & Electric Co. (irreg.)
1-31
■
Y.)
City Title & Insurance
Kokomo
1-19
3-20
$$1.25
(quar.)
Fund
Special —:
Shares Trust
1-
1
1-15
30c
Co., common*.
Melville
(accum.)____————
Investment
an
3
1-15
2- I
1-15
2-1
1-29
.2- 1
2-9
(N.
Extra
Ltd.—
'6%% -preferred
2-
$1.25
(quar.)
Kings County Trust Co.
1-3.
•:
&
Kellogg
2- 1
29c
preferred—
Co.,
Power
Kansas
2-1
$1.50
$1.25
______
Cement
Canada
>
15c
$1
j
1-12
5c
75c
Kalamazoo Stove & Furnace
8
12-30
2- 1
2- 1
2- 1
2-1
2-20
1-27
$1.25.
—.——
1-
;1-12
•*
25c
Inc., common*
(quar.)
Co
Century
thousands of dollars)
—
(quar.)--——
Light
Gas
preferred'
Canad
Reserve Banks Combined
1945
3- 1
1-15
—
Department Stores
Butler Brothers,
Com
2- 1
¥$2
43%c
^ 70c
25c
$1.75
$62 %c
$1.50
16c
40c
40c
.-onxville TruBt (fironxville, N. Y.)' (quar.
Bullock's, Inc., Common (irreg.)—
^—17,076.
Jan. 10,
$1.25
Special
jt>.
1-
$1.25
pfd. (quar.)—
$6 preferred (quar.)_
(quar.)_——
Inc.
Fund,
Brockton
Statement cf Condition of the 12 Federal
Assets—
1-15
Ltd., 5%
Brentano's, Inc., $1.60 class A
.
(In
1-20
is-al__
(quar.)
Corp.,
12-30-
preferred
Julian
1-15*
Booth Fisheries Corp.,
5%
accounts except
Gov't
accounts.
S.
Ribbon
1-20
2- 1
2-1
1-15
(quar.)—*
1-19
1-31
50c
-
Co.
Intertype Corp.
60c
$2.50
—-
1-29
$50c
Inc.
Inter-City
20c
2- 1
2- 1
—
E.)
International
'—-4
preferred
7%
"$4
2-17
2-1
50c
——
Belding-Corticelli, Ltd. (extra I
Ben Hur Products, Inc., $1% pfd.
"1-19
(resumed)
Co.
preferred class A
Idaho
1-19
2-1
3- 1
$$1.37%
Bayside National Bank of New York
Blue
of Rec.
—
Augusta & Savannah RR. Co.—
Ault & Wiborg Properietary, Ltd.—
5%% preference (quar.)
;
Extra
Payable
6%
Holders
(monthly)—
tlz
2-26
1-29
(quar.)
(Geo. A.) & Co., common.
Honnel
When
—————*——
Products Corp.
Home
Appleton Co.
979
1
—
97
*
deposit
demand
to
+ 408
9,873
8 0
—•
—
-
Borrowings
interbank
American
■'
Domestic bunks————
Foreign banks
(stock dividend)—
Equitable Assurance Co. of N. Y.—*
Casualty & Surety
Boston
Interbank deposits:
Oeoits
Aetna
3-1
'
25c
100%
—
Co
Brewing
(Chas.
Horder's,
Share
Corp.
1-10
$3
Co., common
preferred (quar.)
Home Insurance Co.
Per
Adams-Millis
1-22
50c
(quar.)
(accum.)_____
Electric
Heidelberg
5%
1
50c
Haverhill
Hires
1-22
2-
Realty Co. of Canada—
preferred
Higbee
1
1-10
(s-a)
Inc.
Extra
7%
declared*
Bank
of Rec.
2-
35c
__^*j:*
Co.,
L.)
Guardian
Department" in the week when
Investment News
(H.
Holders
-
Payable
t$2$40c
(Houston,
(quar.)
National
Green
ord of past
and
(quar.)
Texas)
Grace
;r>:
Ltd., class A (quar.)y
Great Southern Life Insurance Co.
which have hot yet been
935
—375
34,667
7,696
deposits-adjusted
XimedepoHis
are
Belyea,
B
Class
grouped in two separate tables.
In the
first we bring together all the dividends announced the
current week.
Then we follow with a second table in
which we show the dividends previously announced, but
'
&
When
Share
Name,of Company
Gordon
Beverly Gas & Electric Co. (irreg.)_*.*—
Birtman Electric Co., common (quar.)
LiabilitiesDemand
3.980000
.658300*
522
+
'
143
+
60
—
1,134
+
90
—
3,735
—
14
—
4,584
+
1
1,420
+
41
+
3.980000
.658300*
Noncontrolled
60
+
51
+
47
+
—315
+ 436
21,453
Cash in vault
+
20
—-
2,864
Treasury certificates of indebtedness——— 10,090
Treasury notes——
—;
9,301
Obligations guaranteed by U. S. Government
51
1
4
—
U.S. bonds
1,079
+
+
Treasury bills
.895000
3.244203
3.980000
,
.895625
3.244203
.658300*
161
■
-r~
354
1,054
Loans to banks—'' 107
Other loans
1,315
Other securities
Reserve with Federal Reserve
3.980000
3.980000
.909090
.909090
.895625
3.244203
'>
Controlled
Name of Company
Real estate loans
4
3.244203
3.980000
.909090
.895000
3.244203
>■
502
—110
Other securities
18
.909090
.895416
,.
Uruguay. peso—
Other loans tor purchasing or carrying:
'
.909090
.895025
3.244203
pound
Union of South Africa, poundNew Zealand,
80
.
—186
+
4.035000-
Newfoundland, dollar—
Industrial and Miscellaneous Companies
1,245
724
.572200*
4.035000
India (British), rupee
pur¬
chasing or carrying:.
U. S. Government obligations
3.228000
3.228000
3.228000
.051803*
.
Decrease (—) Since
1-3-45
.251247*
.251247*
.251247*
;
in
member banks follows:
(In
.251247*
3.228000
•Nominal rate.
of the assets and liabilities of reporting
'
.251247*
3.228000
.060602*
.
increased
^ :'-sJ
Jan.11
.297733*
.060602*
000,000 in New York City.
A summary
Jan.10
.297733*
.297733*
.051803*
districts^ the; principal increase being * $243,-
nearly all
.297733*
.051803*
Colombia, peso
England, pound sterling
posits increased in nearly all districts and the total in¬
crease
Money
Jan. 9
.060602*
Official
!/'
„
$175,000,000
declined
'
Free
districts; the net increase
,
deposits
New York
New York City and
States
Official
Holdings of United States Govern¬
declined $71,000,000 in
'
$'
.297733*
3.228000
,
United
$'
: ■■■■;
.251247*
•
Free
ment bonds
;<[
Canada, dollar-
member banks, and increased $62,000,000
in New York City.
in
Jan. 8
Brazil, cruzeiro—
000,000 in the-San Francisco District, and $9,000,000 at
all reporting
1930
Buying Rate for Cable Transfers in New York
Jan. 6
.297733*
Australia, pound
Holdings of Treasury certificates- of indebted¬
declined
ness
OF
;■
11, 1945, INCLUSIVE
Value
Jan. 5
Official
-
TO JAN.
Country and Monetary Unit
,
Holdings of Treasury bills increased $423,600,000 in
banks.
il945
Noon
'
New York City and
RESERVE BANK TO TREASURY UNDER TARIFF ACT
FEDERAL
JAN. 5,
declined $110,000,000,
purpose
EXCHANGE
$186,000,000 and
States Government obligations declined
other loans for the
243
1-25
1-11
THE COMMERCIAL & FINANCIAL CHRONICLE
Riverside
Cement
Rockland
Light
Roosevelt
Co.
Rutland
Co.,
&
t.
v.
Co.__
Saratoga
Sharp
Solar
Manufacturing
Series
A
Southern
Caldwell
Gas
(initial)
1
1-15
12-30
1
1-19
2-
40c
2-10
T:
2-15
2-
preferred
Sovereign
Investors,
Spencer Kellogg
Inc
Electric
1
Sons,
&
.
'
40c
Springfield Gas Light Co: (Mass.) (quar.)—
5% prior pfd. (quar.)-,
Stokeiy-Van Camp,
•Toledo Edison Co.,
6%
preferred
5%
preferred
tJnited
Corporations,
$1.50
class
Distillers
United
Drug
1-31
Canada
Noithern
3-10
2-17
Canada
of
1-15
1-
•
Universal
Walker
Pictures
1
1-20
2-
1
2-
41 %C
5%
Inc
—__——
(quar.)_____
Mfg.'Co. (quar.),,—__
West Virginia Pulp & Paper Co.—
4%%-. preferred (quar.),;
1-20
Woolworth
(F.
W.)
Co.
&
Canadian Converters
1-15
Canadian
Canadian
Canadian General
3-15
2-16
1
1-18
Registered
2-15
40c
(quar.)
•
.
1
i:x
$20c
2-1
1-15
$37 %c
2-1
and
Miscellaneous
All
American
All-Penn
Allied
&
4%
1-15
1-
50c
2%c
Corp. (quar.)
Inc., $41,/4 preferred
Insurance
7%
series
share
•'
of
1928.
of
class
Corp.
2-
V
12%c
1-
1
$1.06%
1-15
75c
in
cash
stock
or
,
Telegraph Co.
(N.
J.)
$1.12%
American Furniture, 7%
American La France-Foamite
American
Light & Traction,
preferred (quar.),:
American
Meter
American
Co..
**/»%■
Co.
V
50c
convertible
preferred
$1.12%
(quar.)
Sugar
Refining (year-end)
American Telephone Co. (Abilene, Kan.)
preferred
(quar.)
American Telephone
American
Viscose
preferred
Amoskeag Co.,
(s-ai,
common
pfd.
Powder Co.,
Co.,
Rubber
5%
6%
7-6
7- 6
3-31
$1.50
$68%c
1-31
1
1-24
Baltimore American
do
log
3-
1
1
1-
1
1-
(quar.),.,
2-
1-19
12-30
Corn
1-15
Corn
10c
2-15
shares)—
.
1-20
1-
8
15c
common
1-20
1-
2
Bankers Securities Corp.—
6%
participating preferred
Barnsdall
Oil
Canada,
Co.
7%
(increased
quar.),:
h
(Formerly Old Colony Trust Assoc.),J
$$2
-British
:
5K
new
prjor
British
6%
A
Elec.
preference
Brompton
1-10
1-15
12-30
'20c
2-15
12-30
1-25
1-15
12-29
2-15
1-31
1-31
1-15
1-31
1-15
2-
1-10
1
3-20 >
3-
9
$20c
1-15
12-20
$i0c
(initial)
common
1-15
12-20
1-15
12-20
12 %c
32%c
12-30
•
3.
6
1-24
(s-a)
2%%
1-15
$40c
.
Telephone—
Pulp & Paper
.$25c
Union Gas Co. (irregular)
Brown Fence & Wire, $2 pfd. A (irregular),,
___
.
25c
$1
2-
$25c
—
12-23
2-
1
2-28
1-
6
1-15
1-15
Class
Gar
2-15
1-20.
SI.25
2-15
1-20
$1.25
2-15
1-20
f2r; i "
1-15
■;
$1.62
Fran.)
25c
1-25
1-25
50c
A
convertible
2
1-
2
Dayton
$2
De
preferred
Vilbiss
Decker
preferred
Baking Co.,
(Alfred)
&
Detroit
&
Co.
Gasket
2-1
.1-12
1-18
1- 4
1-15
12-30
1-15
2-15
1-31 J
1-15
1-5
12-30
com. (irregular)
$5
$3*
1
3-
1
2-15
1-15
12-30
2-
2
2-
2
1-15
$1.25
2-
1
12-29
1-15
1-15
12-12
15c
1-15
12-31
50c
2-15
2- 2
3-
2-15
31 %C
50c
preferred
(quar.)—
&
Knight
1-18
12-22
^
$1.12%
1-
2
1-31
$1
$1.25
2-1
25c
1
1-20
1-
3-
1
Extra
J
Scbaffner
&
Hartfcrd
Electric
12-30
Hartford
Times,
Hat
1
1-
2-
1
1-19
1
65c
1-25
1- 6
1-15
1-10
25c
1-15
12-30
$$2
2-
1
$40c
2-
1
1-15
2-
$1
12-20
1-15
12-31
—$2.50
on
12-30
(quar.)
1-19*
2-15
2-
30c
1-15
$2
3-3)
3-16
30c
1-15
1- 2
1—
25c
preferred
1-15
4-
$1.25
(s-a)_,
25c
common,
-
1- 2
i-c5.;
12-29
3-
2
1
'
1-25
50c
1-10
1-25
1-10
c
1-15
12-30
25c
4-10
3-31
25c
7-10
6-30
17%
to-io
25c
9-30
1-31
1-2
30c
1-15
12-29
25c
,v
1-25
1- 8
1-20
"
50c
2-15
1-15
12-29
40c
1-18
12-27
63%c
2-
1
68%c
2-
1
1-15
$1.62%
2-
1
1-16
(quar.)_
30c
5-15
5- 5
50c
8-15
8-
1-10
2-
2-15
1-25
$1
2-15
1-25
—
1-
5
3-
75c
2-
9
1
6 %
7o
2-7
12-21
2-15
1-25
1-26
12-16
15c
1-26
1-16
1-25
12-31
lc
(quar.)
ui!
Ltd., 7% pfd.
25c
2-
1
1-15
$1.75
2-
1
1-15
$$3.50
(N. Y.)
1-15
1-
5
$$1.75
(s-a)___
(accum.)
1-15
1-
5
(quar.),.
40c
(quar.)
com.
.
..
preferred
(quar.)
!,
Ltg. & Pwr. Co., $4 pfd. (quar.)—
Fibre Corp., 6% pfd. (quar.),
Hussman-Ligonier Co.
(quar.)^
$1
$1.25
'
1
1-12
1-15
12-30
1-15
12-30
2-
$1
2-
1
$1,50
3-
1
15c
2-
1
Hutchins Investing Corp., $7 pfd. (accum.)—
$2.50
1-15
Hydro-Electric Securities Corp.—
;;■!■>'■■■■'77
5% preferred B (s-a) ——J,
25c
2- 1
Indianapolis Power & Light,
Silica
6%%
Co.,
30c
common;—.—.
pfd.
Group
Extra
(s-a).
preferred
common
(quar.)—
(initial)
1
1-31
67c
2-
1-15
1-30
12-30
$44c
1-15
12-15
$20c
(quar.)
1
2-
1
1-15
2-
1
1-15
2-
1
1-15
$30c
preferred (quar.)
(quar.),
$75c
preference (quar.
;
'
$37%C
Dominion Glass Co. Ltd.', common
(quar.)
1
■:
preferred
International
2-28
1-31
1-15
12-30*
1-15
12-30*
40c ,;-v2$1.21%
2-
1
1-19
1
1-19
1
1-19
$20c
—__
Stock
(quar.)—,.—.—
Business
dividend
1-15
12-15
1-15
12-15
$1.50
2-
International
Detrola
Corp.
(quar.)——,
Industries:—
67c
conv.
preference
7c
conv.
preferred -A
6
—
——
International Harvester Co., common
International Metal
J
Machine Corp.—
—
(quar.):
:
(quar.)
(quar.)
25c„
2-
1
1-15
65c
1-15
12-20
2-
$$1.50
2-
1-15
12-28
1-15
12-28
International
12-29
1-15*
1
1-10
1
1-10
1-15
12-29
2- 1
1-2
International Nickel Co. of Canada Ltd.—•
$30c
,
1-29
J
$$1.25
2-14
57o
—$$1.50
(quar.)
$$1.75
(quar.),—,:
12-31
$37%c
-
—
—
5
50c
preferred (quar.)..,—_u—_
International Bronze Powders, Ltd.—
(quar.)
13-
»
$1.25
67c
Common
1-15
"
t $ 1.25
12-30
12-29
3-10
37'/2C
—
——————
Interchemical Corp.,
4%%
(s-a)—.—■
of North America
—
1-20
3%c.
Shares, (year-end)
Stock & Bond Group
Insurance Co.
1-15
2-14
v
$1.62%
"V
(accum.)—
Institutional Securities, Ltd—
Insurance
2
70c
Hummel-Ross
Industrial
1-10
1-31
2-15
75c
Houston
,
(s-a)
Linoleum
5%
1-31
$1.50
$1
(quar.),,,—,—
^Household Finance Corp.,
6
1-15
preferred
1-15
$1.06%
preference—
Horn & Hardart Co.
2- 5
50c
(quar.)
17c
1- 6
$1.75
(quar.)
Holt Renfrew & Co.,
;
1-13
J
$4
•!
1
1-20
3c
common
J
M
12-30
—_
Holly Sugar Corp., common
7%
preferred (quar.)
5
12-30
1-15
—
1-30
43 %c
(quar.)
2-14
12-30
$1.50
—
common
1
1-15
1-15
3-
1-15
Hibbard, Spencer, Bartlett & Co. .(year-end)
Monthly
Holly Development Co. (quar.),,
1-23
6
60c
(quar.)
Light Co. (auar.)
5%% preferred (quar.)—,
6%7o pfd. (quar.),,
preferred
1-
Co.—
Marx___
$4 conv. preference
12-22
1-20
5%
1-15
1-15
Powder, 6% preferred (quar.)
Hershey Chocolate Corp. (quar.)
5
1
$1
30c
$$1.75
?
of America,
Company,
4%%
Extra
$1.31%
1-10
(quar.)
Hercules
5
1-
Corp.
Hecht
6
1-
-
2
1-25
(quar.)
preferred (quar.)
Harrisburg Gas, 17c preferred (quar.)
12-30
2-
I'
1-25
$1,50
67c
1-15
2-
12-11
"
1'
25c
!—
1-15
60c
2-
8 ■*
12-16
:
Brewery Co,—
Brothers Co., $2.40 pfd.
Harbison-Walker Refractories
20c
25c
1-
1-11
1-20
$1.25
(year-end)—,
Halle
2-15
5
1
1
1-15
20c
1
1-10*
2-
2-
$$1.25
common
Co.
Western
80c
'
Receipts (interim)
&
1
1-15
(quar.)„
(quar.)_
preferred
Hart,
&
OMctoth
2-
1-25
5%% preferred
(quar.)—
34%c
Guantanamo Sugar Co., $8 pfd. (accum.)—$10
Guarantee Co. of North America <quar.)___
$1.50
12-12
$75c
Distillers Corp.-Seagrams Ltd.—
5%
preferred (quar.)
preferred
5
1-20
12-30
5c
(quar.)
Great American Insurance Co, (N. Y.)
Great Lakes Power Co., Ltd., $7
Distillers Co.. Ltd.—
17c
1-
1-15
15c
common
Brothers, Inc.,
Griesedieck
preferred (quar.)——
Mines
1-15
1
pfd. (quar.)
1-15
37 %c
25C
American Deposit
6
35c
(quar.)i
(quar.)
Golden State Co., Ltd.
(quar.)
Gordon & Belyea, Ltd., class A
Class B (quar.)
1- 2
2-
Mills, Inc.
preferred
$6
37 %c
Light (quarj^,^,.
(quar.)1!,
partic. preferred
1
1-20
2-
$3
pfd. (quar.),
General Time Instruments
Corp. I year-end)
Gillette Safety Razor, common
(quar.)____,
Gimbel
25c
Detroit River Tunnel (s-a)__
Diamond Match Co.—
67c
2-
75c
(quar.)
General Motors Corp., $5 preferred
General Steel Wares, Ltd.. 77c
Graton
Manufacturing
Detroit-Michigan Stove Co.,'5% pfd.
57c preferred (quar.)
57c
1-15
1-
5-10
$1
.J
Power
Edison
12-31
5-10
$1.50
___
——i
Quarterly
Delaware
5-26
1-15
25c
common
Co.
6- 8
10c
(quar.),,—^
5-31
1-19
10c
common
1-15
6-15
50c
(quar.)
1-31
$3
5-25
5c
preferred (quar.)
Cohn.
(quar.),^
Quarterly
12-30
25c
5-25
$1.75
(quar.)
7%
1-25
$35c
(year-end)—
common—
preferred B (s-a)
General Foods Corp., $4.50
75c
;
pfd.
Manufacturing,
Class A (quar.)
Co..
12-30
50o
Street
General Finance Corp.,
10c
dividend)
(Canada), 57c
1-15
25c
Abbey Co.—,—.
Rubber
12-30
10c
30c
$1.75
Cudahy Packing Co
Cunningham Drug Stores,
Dairy Corp.
6-15
1-19
57c preferred A (s-a)
;
preferred
v
$35c
6%
(quar.),,
(s-a)__
common
3-15
4-
12-30
—
(quar.)
Forster,
; 1- 5
12-30
43 %c
Coro,
&
3-20
'
1-15
$50c
(stock
12-21
1
1-15
IOC
B.)
Co.
5
12-30
1-17
37%c
•
1-
^
1-20
4-
5c
(quar.)
12-30
1-15
37%c
Gardner Electric Light Co.,
General
(quar.)_
Inc.
Cross (The)
1-20
25c
(quar.),
Industries, Inc
General Electric
$1.25
j:
Insurance
v
9c
B
General
1-15
1-15' ?
50c
Wood
$3
1-15
—
(increased)
prior pfd.
12-30
'
$5c
Cornell-Dubilier Electric Corp.—
$5.25 preferred A
(quar.)
2nd
1-15
1-31
1-31
1-16
1-15
Common
Fyre-Fyter class
$1.50
-
(s-a)
12-30
1-17
6
1- 2
$25C
"
Dominion Dairies Ltd., 57c
1
1-
1-15
Wheel
Gardner-Denver Co.,
Inc.
Dominion Fabrics.
Ltd., common
6%
1st preferred (ouar.)
.*
$$1.50
(quar.),
-Brooklyn
1-15
:•
(quar.),.
2-1
$1.75
35c
12-31
Corp. Ltd.—
2
1-10
12-30
$10c
(quar.)
preferred
Dome
.
.
1-
Mining & Smelting Co. of
12-20
1-15
15%
___,
Ry.—
1-15
35c
(quar.)
(quar.),
Columbia
1-20
50C
(final)
2nd preferred
1-20
50c
(quar.)
Co.
British Columbia Power
Class
1-19
si
"
(quar.)
preferred
British Columbia
1
62%c
_____
.
Hydraulic
Celanese.
2-
$1.25
_
Cordage,
17c
Detroit
Extra
1st
1-20
22Vac
J..
(quar.)_^_,_,u2.
Co. (quar.),
Bower Roller Bearing
Bralorne Mines, Ltd.
$1.30
1-15
12-23
& Co.—
Ban Ami Co.. Class A (quar.)
Bridgeport
"
1
$1
Boston Edison
Brantford
1-15
50c
'
B
1-30
-2-
$15c
1st preferred (accum.)
Class
■
50c
(year-end)
Bloomingdale Bros, Inc.,,,
1%
Auto,
Exchange Bank Trust Co. (N.Y.) (quar.)
Products Refining, common (quar.)
Cypress
50c
(quar.)
(Sidney)
1-31
*
' i. 30c
Blair & Co.. Inc.
Blumenthal
Drive
1-15
Industries—
8%
of Canada (quar.)
Bellanca Aircraft Corp. (year-end)__,_
Benson & Hedges, $2 conv.
pfd. (quar.)
Best Foods, Inc. (year-end)
*
Biddeford & Saco Water (quar.)
Ltd.
Chemical
2-15
Bell Telephone Co.
Hats,
Four
.
,
Biltmore
6th
J
Crum
1
1-5
1-15
2-
1
Foundation Co. of Canada, Ltd. (quar.).—
Foundation Trust Shares, Class A (irregular)
Fraser Companies, Ltd.
(quar.)
Froedtert Grain & Malting
(quar.)
West
(quar.)
com.
Crown Cork & Seal Co.
Crown Drug Co., 17o conv.
3-
1-15
12-3112-31
1-15
Brewing Co.' (irregclar),,
Four-Twelve
(interim).
com.
Power, 6% pfd. (quar.)
12-31
$25c
8-15
1-15
1-15
80c
(quar.),
(San
Co.
Foster-Wheeler Corp., 67o
6% prior pfd. (quar.)
11-15
3-17
$1.18%
common
preferred
5-15
SI.75
(s-a)
12-29*
9
57c
1
1
3-17
50c
Co.,
6-
1
1
$1.75
Resumed
Fort Pitt
i-io
common
1-15
3-
Rubber
1-10
Co.
1-15
,,w_20c
'Bathurst Power & Paper Co., Ltd.—
Class A (quar.)
i.
Baystate Corp.—
1 -.
v
&
1
______—
$2
(s-ai
Tire
1
preferred (quar.)
pfd. (quar.),,
$$1.75
(accum.)
pref.
9-6
9-
1-20
"•
$1.50
(s-a)
First Mutual Trust Fund Shares
(irregular),
Fonda Johnstown & Gloversville RR.—
2-15
12-
>
4-2
4-
75c
2-
Co., common—,
preferred (quar.)
17c
1
1
Co.,
1
v
5
1
3-20
2
50c
(quar.),
Insurance
2-
17c
:
(W.
'
.
2-
Sons
Fund
3-
50c
Extra
1
2-15
(Wm.)
preferred
Firestone
7
4-
4-
$1.50
Corp.,
Insurance
12 %C
—
(quar.)
.'
Passumpsic Rivers RR. Co.—
Ltd.
Continental
1-15
5c
(American
—
;
pfd.
Coon
% 1-22
16c
Barber-Ellis of
17c
$1.50
2-
10-15
common—J.
5
•
-
$2.50
(quar.)__,„„
$1.62%
12 %C
$1.25 conv. preferred (quar.)
Continental Baking (Del.), com. (year-end).
Continental Commercial Corp.—
17%c
(s-a)_
3-
' -p
4-
2-
3c
(s-a)
5
1-
h 1- 5
4-15
4-15
h
$1.75
(quar.)
1-17
1-15
•.
57c
Life Insurance
5
1-17
,
1-15
J
30c
"Quarterly.
6-7
$1.25
Consolidated Royalties, Inc., 67c pfd. (quar.)
Vultee Aircraft, common
5
$1.25
12-7
1-31
30c
,
1-
1-31
! 40c
Fireman's
Co.—
Consolidated
4
2-
Interim
Hydro-Electric,
Ltd.,
preferred
Canada
12-29
2-
2-
1-15
4-14
$1.25
Realty
partic. preferred Class A (quar.)
$5
1-26
$1
1-11
7-14
12-29*
1-15
57c
^,-j
—
(quar.)
River
Consolidated
1-15
2
1
(quar.)
•
Foote-Burt
Class B (quar.)
Consolidated Edison Co. of New York—
4
1
2-
Extra
Filene's
4%%
5
12-29*
12-29*
United
1- 3
1-
1-15
1-15
1-15
25c
$1.25
—i—
Edison
preferred
Consolidated
6
$1
(quar.)
Insurance
Andes
1-
1-
H 1-15
1-15
1- 6
12-30
15c
—
1-20
1
2-
$1.50
___:
Bangor
G.)
Connecticut
Ry.—
(quar.)
Extra
Banco
31 %c
pfd.
&
Consolidated Car Heating Co.
$1
2- 1
1
1-15
.■
1
25c
Finance
preferred
1
2-
25c
.
dividend)
$1.25
(interim)
preferred
(C.
•J, 6%
3-12
2-
$1
2-
Builders
Extra
$1.12%
1
1-15
25C
(quar.),,—
Connecticut &
12-29
2-
1-10
2*
(quar.)
Cleaning & Dyeing—
17c preferred (quar.).
Fibreboard Products. Inc., 67c
pfd. (quar,)_
Ry. Co.—
—
Alcohols. Ltd.,
preferred (quar.)
Conn
1-10
$10c
1
Services
6 7o
6
2-
$1
(quar.),
pfd.
1-
8
60c
—
<
67c
1-
70c
(extra)--
(quar.)
Corp.,
5
1-30
$1.50
.
&* Gregg, 17c pfd. (quar.),
Brewing
Federal
12-29
1-15
25c
participating preferred (s-a)___
1st participating preferred (year-end>
Concord Gas, 17c preferred (accum.)
6-23
'
$2.50
conv.
A
(stock
preferred
Coe
Fenton
5
2-
12-30
25c
dividend),1
(Syracuse, N. Y.)
1-5
25c
1st
6-23
75c
preferred (quar.)
pfd. (quar.i
preferred
Co.
1-15*
Common
Faber
12-3Q
1-
1-15
1-15
;
Falstaff
1
70c
-—
Terminal
(stock
Farmers & Traders
1-22
2-10
$25c
(s-a)__,
(quar.)
1-12
$1
preferred
(accum.)—
Community Frosted Foods—
1-12
10c
.
(s-a)
City Electric, 4%
Refining Co., 4%
Baldwin
1
$2.25
.
;
Atchison Topeka & Santa Fe
Common
(quar.)
Baldwin
2-
2- 1
common
Arlington Mills (quar.),
Associated Telephone Co., Ltd.—
$1.25 preferred (quar.)
Atlas
1-15
$1.25
(s-a)
non-cumul.
1
$1.25
Appalachian Electric Power—
4%%
preferred (quar.)
5%
2-
50c
Common
12-30 J
$1.50
$6
5*
*r'..Common
1-19
1-26
$50c
Phonograph
1-12
1-22
:
&
2
2-
$1.25
_„,J
Inc., common
Eversharp,
;
Commonwealth & Southern Corp.—
12-15
(quar.),,,
common
Postal
class
87c
5
1-15
5
15c
preferred (quar.)____
Commonwealth
12-31
$2.25
1-
Radio
1-
$4.50
(s-a)__—
preferred
Fidelity-Phoenix Fire
^
Commercial
3
1-15
(quar.)—
Anchor Post Fence Co., 6% pfd. (quar.)
Anglo Canadian Telephone 5%% pfd. (quar.)
Anglo-Huronian, Ltd. <s-a)_.
Atlantic
1-
1-10
2-
12c
(quar.),,——U_.
preferred (quar.)
6%-%
12-15
1-15
12-29
1-15
37%c
Cum. preferred 57c series (quar.),
57c preference (quar.)____
Columbus & Southern Ohio Electric Co.—
—
(accum.
Metal, Inc.,
Atlantic
1-
% 2" 2
—$1.25
& Telegraph
Corp..
$4JO preferred
Ampco
*
\
5%
preferred (quar.)
American Zinc Lead & Smelting—
5%
1-15
1
1
1-20
$1.75
Texas Pac.
12-30
(quar.)
preferred
Extra
5%
(final)
;
&
1-16
hj $1.50
(interim)
Employers Group Associates
12-18
25c
Preference
12-26
1-17
35c
~.
12-30
2-
27a;
common-
Columbia Gas & Electric Corp.—
J
67c preferred series A (quar.),
1-15
1-
;
2-
$10c
$1.25"
1:
Supply
Clinchfield Coal Corp, 77c
1-15
1-15
25c
J"
(quar,)——
preferred (quar.)
Cleveland
Rolling Mill Co.;—
American
5%
1
2- 1
1-15
...
preferred
67o
12-30
2-
30c
37 %c
1-15
$$1.75
6%% preferred (quar.),,,—
City Stores Co., common (quar.),-,
1-11
1-23
50c
(extra)
Inc
(increased)
1-15
$1.75
(initial)
2nd
(quar.)
Co. (year-end)
5%
12-30
common (quar.)
American Maize-Products Co.
American News
1-15
1st
67c
-
Collingwood Terminals Ltd.,
12-15
7%
1
Emerson
Quarterly
1-10
1-15
1
3-
$1.18
Clinton Water Works Co.,
$1.25
3-
2
York
5%
,
—
2-28
2
4-
Co., 4%% pfd. (quar.)
Power, 5% pfd. (quar.),,
Light Co. (Mass.)—
'• •' J
preferred (quar.)
Cincinnati
1-18*
1
2-
75c
1
4-
$1
57c
3*2
—,—,
4-
25c
Electric,
1-10
12-30
12%c
Corp. (year-end)
Ely & Walker Dry Goods, comn.jn
Power &
preferred
preferred
$50c
$1.25
12-31
—
$5
$50c
i
57c
12-20
:
&
1-25
1-15
Electroiux
$62 %c
(quar.)—,
J
Cincinnati New Orl.
12-20
1-15
1-31
2-15
12-30
1
Gas
$1.12%
$1.25
(quar.):
Eastern Theatres, Ltd
$15c
ord.
1-2
1-15
Eastern Township Telephone (quar.),,,
Electric Bond & Share, $6 pfd. (quar.),
12-15
1-15
Quarterly
1-15*
30c
1-31
$$1.50
2-
Hudson
4
.25c
pfd. (quar.)
preferred (quar.),
6%
12-30
(quar.)
Aguirre Associates
1-15
1-31
1-15
75c
•
1
2-
t$1.25
5%
,
12-27
3-15
25C
preferred
Quarterly
1-20
25c
preferred (quar.i,
American Fork & Hoe. 4%%
j
2-
■
(quar.)
1-15
1-15
Eastern Massachusetts Street
Ry.—
6% 1st preferred (accum.)
1
Chickasha Cotton Oil
1-10
(N. Y.) (quar.)
Payable
B
Eastern
1-10
2-
12-29
preferred (year-end)
(quar.),,
District
1-10
Central West Utility Co. (year-end).
Chase National Bank (s-al
2-16
American Cities Power & Light Corp.—
$3 convertible class A optional dividend
American
2-
$50c
(quar.i,
1-15
$1
1
1-10
3
J 1-15;
1
75c
1
1
2-
3-11
common,,,
2-
1-23
1-
12-15
1-15
,3-11
•
(quar.)
Co., $4.50 pfd. (quar.)
Light Co., 57o 1st pfd. (quar.),,
East Pennsylvania RR. (s-a)
Corp.
6-30
}25c
'
Duquesne
8
2
3-31
$25c
;
2-
(quar.i,
preferred
1
$$1.75
$12%c
•
Paper Co. Ltd., class A
2-15
12 %C
■.
1-15
Worsteds
duPont de Nemours &
12-26
<
2-
■
.
2
1-
1
$$1.37%
(quar.)
(initial)
$37%C
Central Kansas Pwr.
2
5c
Can Co.
$$3.50
1
8-
preferred
Class
1-16
1-10
.
American
2-
Donnacona
12-15
1-15
1-20
_
American Bantam Car.,
$$1.50
Central New
of Pec.
1-25
preferred
Petroleum
Extra
Payable
ii
—_
Gas
American Alliance
12-20
Pacific Ry. Co., 4% pfd. (year-end)
& Ohio Ry. (quar.)
Extra
Holders
,3c
(quar.),,
Corp., common
.Aluminum Co. of Canada, 5% pfd. (quar.),
Amalgamated Sugar Co.. 5% pfd. (quar.),,
Amerada
1-25
Clincnfield
Central Republic
When
87%c
preferred
(quar.)
Stores
American Airlines,
$15c
Central Investment
include divi¬
given in the
hi
Share
.
Inc.,,,,—
Aviation,
Oil
A
1
5%
Companies
Per
Name of Company
Inc.
preferred
1-15
Central
Straus,
$4
2-
1-15
J"V:;V! -*':
Fund,
Co.,
12-30
35 %c
17c
&
1-26
56V4C
67c
Affiliated
10c
Amer. deposit rets, for CI. A
Celotex Corp., common (quar.)
1-15
give the dividends announced in previous
Abbott Laboratories, 4%
Chemidal
Corp., 4% % preferred (quar.)
Carreras, Ltd. (Amer. deposit rets.)—•
2-17
2-1.
preceding table.
Abraham
Dow
Carrier
2-10
3-
Investors
Carolina
5
3-
25c
Industries,
Canadian
1-10
1-
1-15
<
$20c
weeks and not yet paid.
The list does not
dends announced this week, these being
!
1-31
—
Canadian
1
2-
1-15
lc
(quar.),
Industrial
1-31
Investments, Ltd.—
(quar.)
Central
'■
12-30
1-
1
.•
!!!:
————
1%
&
1-15
Canadian Foreign Investment Corp.
Extra
\
'
30c
(quar.)-_,__i-__——-
we
Woolens
$75c
1-11
Central
Below
Dominion
Co.,
2-15
(quar.)—
Canadian
J_!
preferred
12-30
r,v
5-
$20c
Chemical—
Textile
2-15
Fairbanks-Morse, 6% pfd. (quar.)
Food Products, Ltd. (quar.)
2-16
2-
&
preferred (quar.):
1-15
$$1
1-31
$1.12%
Extra
6%
5Vz 7o
Dominion
$$1.25
3-15
J:'J/
Co
common
Dominion Tar
1-15*
12-30
(year-end),
1-11
25c
____
(increased)
(Rudolph)
Ltd.,
1-10
>
1
1-15
$1.50
Foundry Co., Ltd. (resumed)
Funding rights
1
75c
.
—
Seller's
2-
of Rec.
2-1
—
62 %c
(s-a(-J.¬
$1
.
Westgate Greenland Oil Co. (monthly
Wurlitzer
1-31
Bolderi
'
2-1
$20c
$20c
37 %c
(quajr.)
50c
__i
(quar.)
Corporation
1-15
$$1.25
__
.
$1.50
(quar.)—
Car &
1-15
2-
$1.18%
West. Point
Whiting
preferred
Canadian
2-15
$10c
___i—
(quar.)
preferred
$1
1
'
_v,.
when
Payable
_■
(quar.j,,
common
Ltd., common
1-23
+38C
:
Ltd
pfd.
Co.,
2-
75c
Quarterly
Quarterly
$1.75
1-20
50c
1-15
'
pfd. (initial quar.)
—
Canadian Bronze,
3-24
Gooderham & Worts, Ltd.—
(Hiram)
Common
1
576
$50c
4
2
Power,
Per
Share
Name of Company
Dominion Malting,
Common
(quar.)
Canadian Celanese Ltd.—
Canada,
$4.75
2-
.V*
:
—
Ry. Co. (s-a)__
Canada Starch Co., Ltd., 7% pfd.
'
Co.,
1-15
$$1.50
——
Southern
Ltd.—
(quar.)
A
United
Callite
4-
58V3C
i—
1-15
•2-1
25c
_—:
7% (monthly)
(monthly)
(monthly)
1
$20c
.
(quar.)—Tungsten Corp
2-20
v
45c •/
Inc.,,,,^,'—,^—
2-
$3
preferred
1
2-
10c
—!—
Power.
%
■'
1-13
$38c
pfd. (quar.),,
pfd. (quar.)*,
6% preferred (quar.)—,—
6'/o preferred (series 1927)
(quar.),,
California Packing Corp., common (quar.),
5%
$1.20
,—
1
*'.h
0} Rec.
2-
$25c
:
1st
Oregon Power, 7%
'
(quar.)—
Holders
Payable
$1.75
(quar.),,
(interim),,
com.
California
.
4.8%.
Mills, Ltd.,
California
1-30
13 %c
———
'
preferred
7%
Co.,
preferred (quar.)
80c 2nd
preferred (quar.)x.
Calgary Power Co Ltd, 6% preferred (quar.)
1
2-
1-15
2-
$2
87 %c
——
Elec.—
&
M.)
Linen
$1.50
6
1-
2-15
$1.05
-
J
Corp^—
preferred
conv..
Indiana
1-15
1-15
$$1.37 V*
(quar.)
Dohme,. Inc., $3.50
City Gas & Electric Co.—
Sioux
.
pfd.
1
(A.
'
$1
<irreg.)___^__
pfd. (quar.i-,
&
2-
:
13c
T
Schenectady RR.
&
1-15
Bvers
v
Share
Name of Company
1
J
RR
Baguenay Power Co., Ltd., 5%%
,,';
of Rec.
2-
$1.25
—
—
(resumed):
c.
Whitehall
&
(quar.)
1st pfd.
$6
Power
When
Payable
When
Per
Holders
fer
Share
Name of Company
Monday, January 15, 1945
$100
1-31
,
.1-31,
;
.112-29,.
7 7c
Milling,
preferred
t
47c
(quar.)
preferred
$$1
—rt$1.75 '.
•
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4351
Volume 161
245
^
Per
■■■.
When
s.
Holders
y
International Utilities Corp,; $3.50 pfd. (quar.).
Interstate
Department
Investment
preferred
■«6%
Jantzen
•
4%
2nd
preferred
2-..1
$1.25
_____
3-1
2-25
Northern
2-"1
1-18
Northern
.■'■>.■.
.>•;:>■■
Common
(quar.)
——
.Common
(quar.)
.
i Kaufmann
>>>15c
—_
.
.•'!>-
.<
Stores,
Inc
Kellogg Switchboard & Supply—
5%
prelerred (quar.j—
Kennedy's, Inc., common (year-end)
$1.25 conv. preferred
'•>"$1.25
50c
31'Ac
(quar.)—:
Kentucky Utilities Co., 6%
preferred
$1.50
(quar.)
Keystone Custodian Fund Series B-3 (irreg.)
S-4
(irregular)___
Corp. (liquidating)
7%
Stores, .Inc.,
2nd
/Krueger
preferred
7%
preferred
preferred
Lamaque
$1.75
> 12'Ac
——
Gold
Mines,
Class
•
.
A
Class
(quar.)—_
United Bakeries,-Inc.—•
*"
(quar.)_
B
Lazarus
Leath
_______
(F.
&
■
.
R.)
&
Co.,
Rubber
Leece-Neville
Co., 5.2%
1-15
1-15
3-15
2
4-
2
3-15
2-
1
2-
1
,
10c
1-22
1-
25c
$1
2-
1
4-
2
25c
$1.30
1-15
•:
1-
Semi-annually
-V.
2nd preferred (quar.)—
Louisville Gas & Electric Co. (Ky.), com...
5% cumul. pfd. ($25 par)
(quar.)
5% preferred ($100 par) (quar.).
Lord
&
.
—
Henderson
Louisville
,
preferred
5%
Elec.. 5'/2%
30c
1-31
$1
$1
1-15
Davis
6%
1
1
Mills
RR._
——
convertible
Traffic
(s-a)___.__
(quar.)
12-30
(s-a)
1
1-15
1
1-15
Tool
2-
Stock
4-
12-30
Common
7%
1-15
■
.
1-
1-25
preferred
.
1-15
$1.50
1-20
1-20
$1.25
1-15
$5 preferred
(quar.)_—
,
1-15
' '7 50c
$1.50
.
2-
$1.75
preferred (quar.)
,
12-30
Elec. Power Co., 5'A%
pfd. (quar.)
1
1
Union
1-15
1-15
1-
1-15
>1-
United
(quar.)
Field
Marshall
(quar.)
Co.
&
...
$5
12-20
1-15
$17'Ac
$17'Ac
U
(quar.)
preferred
1-15
12-20
20c
1-31
6272c
; $3
75c
$1.50
40c
12-30
^ 1
11-
.Quebec
1-15
1-15
2.——Vo
5%
preferred (quar.)_•_
Massawippi Valley RR. Co.
"
Radio
_*—j_u_-—
-
(s-a)—
Maytag Co., $3 prelerred (aceum.)——
$6 1st preferred
(quar.)...—____
——
McCall Corporation
(quar.)
—
Oil
McColl-Frontenac
Co,,
preferred (quar.)
McCrory Stores Corp., 5%
United
preferred
(quar.)
preferred
$6
(quar.)—
Montreal Light Heat & Power Consolidated^
Telegraph
Diablo
Mount
Oil,
Co.
(quar.)—
Mining
1-31
5 7c
preferred
Tel.
3-12
Cash
Register
.
-
Fuel
National
Gas
•
Extra
Co.
6%
preferred B
Car
New
Bedford
York
30c
RR.
7%'
•"St.
A
3- 3
1-20
J.2-31
(year-end)
(J. J.) Realty. 6%
pveferred (ouar.)
pld.
;
1-20
-2- 1
A, 1-15
1-
2-
1
preferred
preferred
Sigma Mines
Signode
$2.50
12-30
One
1-19
'2- 1
•
share
each
2-15
2-
1
Sioux City-Gas & Elec.
20c
$25c
1-15
12-30
1-15
12-15
$1.18%
$1
$13c
$1
2-1
1-15
6%
1-15
1-15
12-30
Solar
12-31
Southeastern
1-15
11-25
Southern
$1.50
$1.6272
—_
(quar.)—
—
2- 1
2- 1
■
1-15
Slater
(N.)
Smith
,
(Howard)
preferred
Aircraft,
Common
-1-15
5%
orig.
Shipbuilding
(quar.)
News
&
Dry
Dock—
5 'A %
•
2- 1
1-15
25c
1-15
12-22
90c
5%%
.nreferred
(accum.)
827?c
North. Penn. Gas, 7%, prior preferred—$1.75
1-20
1-10
1-20
1-10
Common
1-15
1-
6%
Noma
North
6%
preferred
Electric
Corp
American
preferred
—
*
.—
2
part,
1-15
1-
5
1-15
12-23
1-15
2-10
7% preferred
Warren
Brothers
Class
1-19*
3
1-
3
1-15
1-
3
2-26
1-18
$15c
$30c
1-15
2-
1
1-29
T
B
Wellman
2-15
1-25
1
2-
1
1-25
$$1.62JA
2-
1
1-13
•
preferred
Penn
Western
12-29
2-
7%
West
1-10
1-20
1-10
4-20
4-10
Co., class A
(quar.)__
33%c
62'Ac
for
12-29
2-15
1-15
$1.75
2-10
7%
2-
,1-15
2-11
,-1-15
$1.252-10
r
$2.50
i
$1.25
6- 1
3- 1
$1.25
6-
Grocers,
preferred
Pipe & Steel,
Tablet &
7%
2-14
;
X
2"14
'■
2-15
*2-15
; 1-17
pfd., (quar.)__: $1.1272
1-15
'12-20
-
1-17
'•* '■
37'Ac
t75c
$$1.75
(quar.)
Ltd., common (quar.)
(quar.)
Western
...5-15
1
3-1
3-
1-25
5-15
2-15
$1.50
$1.75
(quar.)
'
4'A%
Co.,
1-18
v
>
2- 1
1-15
>
1-20
12-15
12-15
35c
1-15
12-30
$1.25
4- 2
,$1.12'A
2-1
>1-10
75c
preferred
1-15
1-28
12-26
50c
2- 1
50c
2- 1
30c
1-15
(s-a)__
Stationery Corp.—
...
preferred-(quar.)
Chlorine Products^-
*
••
3-22
1-30
" t30c
pfd.
6%
Co.,
1-18
.
2- 1
Department Stores—
Western
5%
2-15
25c
2- 1
2- 1
.:
37'Ac
$1.12'A
10c
Western
—
(quar.)____
(quar.)
Power
3-10
:
$1.75
$1.75
6%. convertible preferred
•
3-20
_______
(quar.)
Electric
t 7-16
1
_________—-
Engineering
Penn
t 4-16
8-
$1.50
1-15
5-1
5c
West
-
2- 1
>
37'Ac
"7
12-31.
a
25c
'
1
1-10
1-20
12-31
12-31
2-15
1
Westvaco
$4.50
preferred
2-15
1-20
37'Ac
1-15
12-20
34%c
1-15
12-20
37'Ac
37'Ac
2-15
1-20
1-15
12-31
37'Ac
1-15
12-31
Ltd.—
$4
converitble
$2
prior preference
Whiting
Wichita
preference
Stock
Water
Wilson
&
Wilson
Line.
Co.,
Co.,
$6
5%
$20c
2-15
1-19
1-15
12-20
(accum.;_
(irregular)
>_.«•
Yards, 6%" Jpfd. (s-a)_
7% preferred (quar.)__
preferred
1st
"
(quar.)
Corporation
Union
(qui»r.)
—
preferred (s-a)
••
..
$2 ;
1-20
1-5
.
1-15
1-10
-1- 2
,
1-15
2- 1
2-15
1-31
1-15
2- 1.
1-15
12-30
1-15
2- I
,1-15
$1.75
$1.50
$2.50
1-20
4
1-15
2- 1
Wisconsin Electric Power Co.—
6%
preferred
Wisconsin
Gas
(1897
&
Wisconsin Public
$$1.50
(quar.)
Wheeling fz Lake Erie Rv. Co
White Sewing Machine Corp.—
Wichita
I
4-20
.
*1-15
37'Ac
$4'A
1-19*
1-
JL.
.
2-1
>'.'37%C
(quar.)_____
7W 7% preferred (quar.)
1-20
*
(quar.)
4-30
3- 1
Vulcan Detinning Co., common______—i
12-30
•'
37'Ac
preferred
'•
2-24
j $1.75
preferred (quar.)
•
1
(quar.)
>
1-17
>' '•>/
6%
3-
Co.,
1-20
Co.—
6
35c
Power
Railway
> 1-
Edison—•
6%
preferred A (quar.)_^.
1-30
12-22
50c
1-15
1-15
(quar.)
pfd. (quar.)__
10c
.
preferred (qtiar.)_
preferred (quar.)_______
1-15
com.
12-30
___—
6%
2-
preferred
1-15
—,
(quar.)_
6%
Greyhound Linos, Inc. (initial)
Canada
Virginian
1st pfd.
6
$$1.50
Southern.California Gas,
Southern
2-14
V J50c
(quar.)
-
10c
7%
1-
1-15
Edison,
common
1-20
25c
Southern. California
6%
Investment: Corp.—
(accum.)
1
Irregular
1
2-
1
(quar.)
preferred class C (quar.)
$1.25
$5
2-
(s-a)_
California
3-15
$2'Ac
(interim)
1-15
held
preferred A
2-1
Vertientes-Camaguey Sugar Co. of Cuba—
1
Mills Ltd.—
conv.
$1
(quar.)__
com.
2- 5
3-
2-
(quar.)
1
' 5r26
•»•■>
1-15
$2
Co.,
?
J3c
pfd.
2-26
.
6-11
.
2-15
$1
(quar.)___
50c
Products,
2
7-2
17'Ac
preferred (quar.)
85 preferred (quai.)_____
Washington Ry. & Elec., 5% preferred (s-a)
5%
preferred (quar.)_
5% preferred (quar.)____
(quar.)
3-12
40c
(quar.)
Tobacco
4-
40c
12-30
preferred
Co.,. 7%
Leaf
1- 2
»
7-16
Common
J23c
common
Paper
preferred
.
$1.25
(quar.)
1-15
(increase^^h..—
Corp.
preferred A
1-15
•'"'
$1.25
•
20c
(quar.)
1-10
12-28
4-16
$1.25
•__
Van Raalte Co.,
2-
.
.
877aC
1-10
62'Ao
'conv.
of
Sinclair
preferred
conv.
1-20
1-15
30c
(quar.)
__
1-15*
(quar.)
Washington Gas Light Co., com.
(stock dividend)
5 'A %
shares
1
*'
Newport
of
five
2-
Corp. com.
12-23
(quar.)
; 1-19
1-15*
2- 1
Refining & Mining Co.—>
12-30
__.
preferred
Co.
Plywood
''!
$50c
common
(quar.)—
States
Utah Radio
12-30
Ltd
2-1
2- 1
25c
,
5
1-15
25c
Canada,
68%c
25c
(quar.)
(quar.)
1
'
12-30
12-30
____,.
Winding
Upper Canada Mines Ltd.
5
1-
prelerred
Chemical
1-20
$1.1272
of
2-15
Oil
•1-
1•15
1-15
1-15
__—
Universal
1-21
1
(s-a)
" 8-10
Universal
> 1-21
1
50c
Strapping,
Simplicity Pattern
1
2-
A:487'Ac
Co.
preferred
,
convertible
1-15
(s-a)
Simpsons, Ltd., 6'A%
1-15*
2-
15c
2-
(Quebec), Ltd,, (interim)
Steel
1-17
J$1.75
(quar.)
" 5-m
9-15
*6.4% preferred A (quar.).
United Stockyards Corp.—•
,1-15
J35c
(quar.)
6-15
25c
$1
—
preferred
' 2-10
25c
f75c
common
3-15
! 3-16
—
(accum.)
pfd.
6-16
50c
—
J25c
—
7- 2
50c
$1.75
Shawinigan Water & Power—
Sheep ;Creek Gold Mines (quar.)
1-20
■A 1-10
1
.25c
A
4- 2
Machinery—
Industrial
70c
3-15
*
>___*
15c
—
1-13
...
$4
A Sherwin-Williams
*1-10
1-15
7
7%
.
2
12-30
preferred
Extra
12-12
1-15
1-15
2- 1
2- 1
1-15
1-15
Electric,
(quar.)
Scytes & Company, common
1-15
:
;
1
2-
$1.6272
/
(quar.)_
;
&
Paper Co.,
$4'A
12-31
2-
'
2-15
50c
class A__
Hoffman
S.
1-15
_
1
4- 2
$1.25
Extra
S.
6.4%
1-17
,
3-
1-15
$1.25
•
tl5c
(quar.)—
preferred—
6%
58730
25c
(quar.)___^._L_
Paper Mills,
Diego Gas
Scott
11-10
1
;
58%c
.5873c,
^
(quar.)_
U. S. Sugar, $5 preferred (quar.)
.'$5 preferred (quar.)
$5 preferred (quar.)
1-10
1
2-
25c
Schenley Distillers Corp
-8-11
2-
$1
50c
common
Corp., 4%. pfd.
Lawrence
5%
\ 5-12
12-1
Paper Co.
Lawrence
St.
,2-
37'Ac
(quay.)
(quar.)__
5c
pfd. (quar.)
31'Ac
.
">
;
class A
7%
1-10
:
preferred
U. S. Smelting,
1-10
1
:
(accum.)
St. Lawrence Flour Mills Co., Ltd.—
Common (quar.).
&
7% preferred (quar.)
*2-15
12-31
-
Co.,
3-15
class A
United
1-10
t$1.50
Stores
25c
preferred
Croix
St.
and
10
10c
/
(quar.)—
conv.
Newberry
6V2%-
12-15
:
2- 1
1-15
20c
$1.50
& Stores (year-end)
43-4%
:-
15c
25c
.
(quar.)
Gas &
Central
•
50c
50c
Edison Light Co. (quar.)
New Brunswick Telenhone Co., Ltd. (quaft.).
New
12-31
1-15
50c
12'Ac
:—
Corn.. Ltd.
Neisner Brothers, Inc.,
1-31
65c
(s-a).
——
National St,°el
Typewriter
3- 1
6- 1
9- 1
—,——
(quar.)——
(quar.).
Insurance
National* Manufacturers
5.
Royal
2-10
Products
Lead Co.,
National Liberty
Rose's
-4- 2
2-1
non-cum.
Extra
12-30
;
•; 2--1
(quar.)______
Insurance
Brothers, Inc., $6.50
.1-12
12-30
567»c
2-,l
(quar.)__
12-12
1-15
$1.75
$1.75
'-$1.75
'$1.75
,25c
37'Ac
V 1-15
5c
preferred
53c
non-cum.
5'A%
U.
.1-24
;';2- 1
$7
Buttqn
1-15'
1-20
Corp. (quar.)
4.
Co.- (quar.)—-4—
- \
—
National
6%
preferred
non-cum.
,
1-22
$1.75
Co, (quar.)
Paper Co., Ltd., common
Rolland
Roos
2-1
75c
Y.)
(N.
American
2-15
prior
Quarterly
...
U.
1
3-
$1.31'A
pfd.- (.accum.)__
pfd. (quar.)__
$7
Extra
2
3- 1
4%
7 1-11
1
15c
Rochester
53c
U, S. Fidelity & Guarantee Co. (Baltimore)
12-30
2-8
50c
.
Extra
Rochester
1-
1-25
3-15
25c
(quar.)_____.
Insurance
3-15
prior
4%
12-30
37'Ac
RicerStix. Dry'.GoQds___4—
•
"1-15
1
1-15
1
1-20
A $1.25
Corp.,
2-15
(quar.)
Casualty Co.—
4%
1-20
2-
3-
1
preferred (quar.)
U.; S.
12-15
($1.50
(quar.)
Manufacturing, 5% pfd. (quar.)
6%
preferred (quar.)_
Rhode Island Public. Service,. Class: A (quar, )
.■v$2 preferred (quar.)^.__________^
San
York (increased)
class A (quar.)———
National Department Stores Corp; (quar.)..
Distillers
(accum.)__,
(quar.)—
(quar.)
preferred
Richmond
2
$1.50
National City Lines,
Extra
-
62'Ac
National City Bank of New
National
1
,:
8
v
4'A% pfd. (quar.)—
Bond <fe Share
2-
•
lc
377ac
•National Biscuit, common—————„—— ••'.
National
;
3-2
1-15
•.
$7 preferred
National
1-
1
preferred (quar.)
———„—
preferred (quar.)————_—'
(quar.)—
•'•;
$7 preferred (quar.)—;
Munising Paper Co., 57c, 1st pfd. (quar.).—
Mutual System Inc., 6 7c .preferred (quar.)..
•
1-5
>
•
7%
wi
1-15
1-15
2-
-.
preferred
$5
1-31
1-20
$1.50
50c
•
• $20c
y>
$48c
$7
Narragansett Electric.
preferred
Company
Rheem
2-15
57o
7 1-25
$1.50
Revere Copper & Brass, 5'A%
1-20
$7
ii#'
1st
Reserve Investing
12-15
1-17
2-26
1-30
20c
Reed (C. A.) Co., $2 preferred Class A
'Reliance Electric & Engineering Co.—
'2-24
(quar.)
Tel.
&
1-11
1
I——,——.
(quar.)
States
1-11
1-31
1
—„——
Mullins Manufacturing—
1- 2
2-
Quarterly
—■
Mountain-States Power, common.;-——„__
Mountain
6%
1-18
1-15
25c
,1-15
•.United Merchants & Manufacturers—
1
20c
(year-end)
preferred (quar.)
80c
Reading
12-30
3-
Development—
&
1
1-20
5c
(quar.)!—
Montgomery Ward & Co., common
Montreal
1-15
2-
—
—
,2-
1-31
2- 1
2- 1
5% preferred
2-28
2-28
4- 2
(monthly)
$1.50
"1- 9
50c
prior
12-22
$2-21
1-31
50c
prior preferred
prior, preferred
1-15
:1-15
1-15
53c
6.36%
12-15
1
$1
50c
(monthly)
1%
1-15
2-
-1-16
.
(monthly)
preferred (monthly)
preferred (monthly)
7%
$1.25
2-1
35c
;
preferred
prior
1-15
preferred (quar.)_
Railway Equipment & Realty Co., Ltd.—
12-30
prior
1-15
common
Radio-Keith-Orpheum, 6%
;
prior preferred
6.36%
1
2-15
!l-16
15c
1
1-15
1-15
1
2-
,
6%
1-15
2- 1
$1,18%
(quar.)__
2-
*'
12-30
1
15c
(initial)
2-
(quar.)
Rapid Electrotype Co.
^'—
Power,
Co.
preferred
Gas
6%
.
1-15
1-15
Power
4%7c
Corporation
(monthly)
(monthly)
(monthly)
5'0a
1-15
2-
$1.25
1-15
(quar.)_____
Corp. of America,
!
Corp., 60c CI. A (quar,)
1
7\' '
■
1-15
31c
;___
Improvement (initial)
United Light & Railways Co. (Del.)—
6% prior preferred (monthly)
Railroad Employees Corp.—
1-15
1
2-1
—
A
1
2-
30c
preferred (quar.).
$1
McLellan Stores, common <quar.)_i.__—_.___
7
15c
5%; preferred (initial quarterly)———
" $1.25
i Melchers Distilleries Ltd., 6% partic. pfd—>
$30c
Mercantile Stores Co., Inc.—>
7%. preferred .(quar,)———
$1.75
.-Merritt-Chapman & Scott Corp.—
' ■>,
6'A% preferred class A (accum.)—^
$10
-Midwest Piping & Supply (irregular)———
40c
Miller (I.) & Sons. 8% pfd. (accum.)
$1
Miller & Hart, Inc., $1 prior preferred—— ... <
25c
Miller Manufacturing Co., class A
(quar.). "
15c
Mississippi Power & Light Co., $6 pfd. (quar.)
$1.50
Monongahela Valley Water Co.—:
-....A7% preferred
(quar.)
—
—
.^$1.75
Monroe Loan Society. 5'A%
pfd. (quar.)™
34%c
Class
2
2-
$$1.50
A.$1.25
—_———
McKnles,. Inc. (s-a)—McKesson & Robbins, S4
Montana
:
Ltd.—
6%
prior preference
(quar.)___
Co.,
Gas
1-31
.1-31
1-J.O
12-30
,,
''
2-
Quaker Oats Co., 6% preferred (quar.)'
Massachusetts Utilities Associates—
Drug
5
«
2-10
Fruit Co
12-22*
.4';^ 50c
7/
2-15
10c
United
of New Jersey—
-
2-15
B
United
1
$1.25
'
(accum.)
1-20
'12-30
1-15
2-
$1.12'A
(quar.)
Ltd._
7%
;
20c
,.
1-15
2
1-15
$$1.75
••>••
$10c
Drill & Tool
Class
2-
25c
$25c
50c
(monthly)
>1-15
(quar.)
412Ac
\ 6%
preferred (monthly)
Puget Sound Power & Light—
<
1-31
$5
58'Ac
preferred (monthly)
6% preferred (monthly)
5% preferred (monthly)
-preferred
Share
preferred
United
'
1-31
10c
-
6.36%
7%
6%
&
preferred
$5
l2- 1
'25c
i
(s-a)___
Cigar-Whelan Stores—
$1.25
Colorado—-
of
2-20
•>
(s-a)_______________4>
California
Extra
5
25c
of
Co.
1-31
>1- 8
(stock
(N., Y.)
_
Oil
1-10
2-15
,
$1.50
,
12-28
,
1-15
90c
share for each share held
a
Corp.
Bennington RR.
United
12-15
" $2
.25c
(quar,)_i_
.'
class A
Co.
(quar.)
pfd.
.
United Bond
'2-15
1-15
Trust
(quar.)
•:Union Elec. Co. of Missouri, $5 pfd.
$4.50 preferred (quar.)__!
2-15
3-
preferred
Tobacco Co., Ltd., 7% pfd. (quar.)
Tung-Sol Lamp Works,- Inc., 80c pref. (quar.)
1-11
tic
;
Tuckett
>1-11
3-
$1.3772
$1.50
&
1/14 of
Troy &
12-30
2-. 1
1
(quar.)
Special
12-30
.
pfd.
Bank
12-30
15c
7%
Manufacturing, $3.60
Manufacturing
(quar.)
12-30
;___
(quar.)
Public Service Co.
12-31
1-16
6
—________
Class
12-30
1-15
1
div.)
1-10
25c
(year-end)
Prosperity Co.,
& Telegraph—"
2-
Transamericn
2
1-20
1
(extra),
Public Service Corp.
Calculating
Telephone
1-10
62'Ac
7
4-16
3-
$1
Co.____4_w4i.__4-.4-__-._~_:
preferred (quar.)
Gold Mining Co., Ltd
Procter & Gamble, 8 7<? preferred
2-28
preferred (quar.)—50c
Machine Co. (quar.)j
-37'Ac
convertible
$2
Maritime
1
Light,
Trade
,
Marchant
1
2-
3-15
6%
r
2-
$1.50
&
$6
Towle
3-15
1-12
2-
1
$1
Premier
12-28
$1.75
Power
:
Thatcher
5
1
7%
-
12-18
(quar.)___
preferred (quar.)
Textron, Inc., $2.50 prior
*
1-15
11- 6
2- 1
2- 1
2
2,
Potomac Edison Co„- 6%
12-30*
1-15
$1.25
$5c
Texas
5
4-
/ A Common
12-30"
1-15
1-
1-20
4-
:Portland Gas Light,
1
$3c
Tacony-Palmyra Bridge Co., 5% pfd. (quar.)
Teck-Hughes Gold Mines, Ltd. (interim)
1-16
75c
Employees
2-1
1-5
1-20
1
1-
_
2-
1- 2
.11- 6
1-16
1
2-1
2-
1-
:
$1.12%
(quar.)
2
65c
VPlOmb
12-30
2-
2-
1-
1-20
.
el-15
1-15
1-10
IV
1-15
$2.50
—
1
1-20
1-15
>7 Bearer shares
1
1-15
(quar.)__
2-
50c
?3c
12-30
2-
1-20
$1
(accum.)
Corp. (Cal.) (quar.)___
Sylvanite Gold Mines, Ltd., common
■
^
1-16
,1-15
1-15
1-25
1-30
2- 1
*
•
1-15
12-20
$1
■
.•____
(initial)
(quar.)
preferred
2-
1
1
1-15
12-28
25c
5
3-
1-15
50c
(quar.)
12-28
25c
common
Securities—
1- 4
1-15
Co., (quar.)
5
$1.33 'A
25c
—:
Co.,
1-30
1-15
50c
$1
>1-10
1-
2-
50c
2-15
25c
Super Mold
1-15
$1.75 i
25c
^
common
1
5
1-15
$1.1272
1-8
1-27
1-
2-
•'
1-8
2-1
1-27
Superheater
1-25
$1.0674
*
2-1
30c
5
1-25
75c
Fuller
1
$75c
$75c
______
37'Ac
1-
2-15
$1.10
(quar.)
Oil, 47a% preferred A (quar.)
Ray Drug Co., 6% preferred (quar.)
Sun
1-15
$1
20c
2-
(s-a)
Electric
1-15
'<$1.10
* v$1.25.
2-15
Common
5c
-
(accum.)
Sun
8
12-31
12'Ac
—
preferred
1-
1-10
'3- 5
31'Ac
(quar.)
Briquetc. Co., $2 preferred
1-15
prelerred
Co.
11-15
1-15
Pittsburgh Bessemer & Lake Erie, com. (s-a)
Pittsburgh Coal, 6% preferred (accum.)
12-30
1-15
—_
'
Co.___
Co.,
$4 2nd preferred
Pilot Full Fashion Mills, Inc., 6'A % pfd. (sa-)
1-17
2-
preferred (quar.)
Company (quar.10c
Macy (R. H.l & Co., 4'A% pfd. A (quar.)
$1.0674
iMahon (R. C.) Co., $2 class A pfd. (quar.)
50c
Majestic Radio & Television, 20c preferred.'
* 15c
<N. Y.)—
&
Hudson River
&
RR.. Co.
12-15
2-15
60c
$1.50
Stix Baer &
,1- 2
Common
1-15
2-15
MacWhyte
Manufacturers Trust Co.
1
1-iS
$1.31'/4
pfd. (quar.)
preferred
1-15
Potomac
Rorbes, com.(year-end)____
MacAndrews &
8%
$1
2-
1-25
3-14
(quar.)
B.)
12-30
25c
60c
!
Stott
$4
3
1-15
.$4.
1
Pittsburgh,t Cincinnati,. Chicago & St. Louis
1-20
2-
1-25
§2.50
—
3-
Co.
(John
Suburban
Year-end
Ry.—
Louis
.
(s-a)
Gas &
Co.
Luzerne
St.
&
(s-al
Common
■
3-15
&
(A.)
Special
Stetson
1-15
Pillsbury Mills $4
3-15
1-15
31'Ac
$1.25
$1
"32'Ac
Co., $1.30 pfd. (quar.)
pfd. (quar.)
Piedmont & Northern-Ry.
*
12-15
1
2-
12-31
Co.,-6%
Plymouth Cordage (extra)—
8%
Taylor,
Stein
1-20
1-15
12-31
2
4-1
75c
$2
37'Ac
•
12-29*
2-15
Cola
4'A% preferred (quar.)
'474% preferred (quar.)_•
7% preferred
2
3-1
.2-
1-15
75c
(quar.)
12-30
12-31
1-15
2-
12-29
$1.25
Phillips-Jones,
•
$1.62%
$1.1272
>1-15
1-18
__
Pennsylvania Electric. 4.407<? pfd. (quar.)__
Pennsylvania Power Co., $5 pfd. • (quar.)
Coke Co .(quar.)
/Philadelphia Company
Philadelphia Electric, 4.4% pfd. (quar.)_—
Philip Morris & Co. Inc. Ltd., com. (quar.)_
3-14
1-15
preferred (quar.)________.
Liquid Carbonic Corp., 47a% pfd. (quar.)..
Little Schuylkill Navigation RR. & Coal Co.
1-3*
50c
Works, 5% preferred
Steel Co. of Canada, common
77o preferred ,-(quar.)__;
(irreg.)
"Stanley
1
1-13
6'/2%
12-28
Standard Products Co.
Standard Wholesale Phosphate & Acid Works
1-15
1-15*
31 Vic
87V2c
50c
.1-29
Peoples Gas Light &
1-15*
__
?$5c
$1.20
<
1-15
.1-15
2-1
conv.
;1-15
12-21
75c
-Penn
12-30
50c
preferred (initial quar.)
Liberty Loan Corp., $3.50 pfd. (quar.)....—
Link Belt Co., common (quar.)—
$1.25
Dredging Corp., $1.60 pfd. (quar.)
Oil Co. (Ohio), 5% pfd. (quar.)_
preferred- (quar.)_
1
(quar.)—
common
4'A%
12-30
1-15
'
1-15
(quar.)
2-17
12-30
Brands,
2-
A (quar.).:
'15c
60c convertible preferred B (quar.15c
Peninsular Telephone, $1.40 class A (quar.)
25c
1- 4
12-28
50c
pfd.
3- 1
1-15
1-15
(quar.)
50c
(year-end)
v
Patchogue-PIymouth
Liberty Aircraft Products Corp.—
-
40c
$1.25
$1.0674
B
1-15
Payne Furnace & Supply, commonJ_,—10c
______
Telephone
Lexington
1-31
Standard
Parke
1-25
common vquar.)..
preferred
(quar.)—_—
Stores Corp., new com. (initial)
4%
1
Standard
12-30
'Standard
$1.50
Coca
Paterson
9
12-30
Corp. (quar.)____;—...
>—
3-
12-30
preferred
Bottling (irreg.)
Paraffine Companies, Inc., 4% pfd, (quar.)_
Panama
-12-30
Lehigh Portland Cement,
Lerner
Inc.
Co
Pacific Public Service
1-15
1-
1-15
4-
3- 1
$4.25
$1.25
50c
(quar.),
Lumber
Pacific
2-15
1-15
10c
62'Ac
75c
—____—
Co.
Electric
&
preferred
Pacific Tel.. & Tel.
———
Tire
&
____
Lighting Corp.,
$5
12-30
8c
preferred
(quar.)
Lebanon Valley Gas, 6% preferred (quar.).
Extra
Gas
Pacific
12-30
75c
37J/2c
_
common...
Collins & Co.,
Pacific
1-6
12-31
> 12-30
1-15
2- 1
2- 1
50c
>•'■
$2.50
Lee
Oliver
Oppenheim
; 1- 9
Year-end
_
Co
&
:
1-15
1-15
3-15
8
$1.25
.
75c
$1.1272
$50c
1-20
Mines, Ltd. (interim)—,
Corp., 4'A7c. conv. pfd.. (initial)
1-11
Inc., $4.50 pld. <quar.)__
Standard Chemical Co., Ltd. (interim)
1-20
Gold
w
'
_
(quar.)_
preferred
67»
V >1°
1-15
1- 5
$1.1272
$1.3174
(quar.)
1-2
35c
1-5
(Del.)—.
Engineering
Lighting, $5 preferred
1-15
2- 1
2- 1
1-11
Novadel
1-15
1-15
1-31
Power
12-30
$1.50
$1.12%
(Dallas)—
1-15
$1.50
(accum.)
Co.
75c
5
(quar.)—
Hampshire
Insurance
Holders
$1.25
$1.06'A
2-
1-
New
Life
Quarterly
Spicer Manufacturing Co., common__:
$3 preference (qunr.)____
'Squibb (E. R.) & Sons, $5 pfd. A (quar.)
12-30
2-1
A
Northwest
5
5
.>£1-16
$5c
$1.75
(interim)
Ltd.
-
1-25
Northern' States Pwr. (Minn.), $5 pfd, (quar.)
5
9-
12-
3-12
(accum.)__.————
preferred
"^Southwestern
12-30
1-15
60c
t$1.50
(irregular).,.
6 % pfd. (quar.)_„
O'Brien
!
2- 1
25c
—
$1.25
Gas.
$1
of
7%. preferred
60c
7:Lane Bryant, 7%.'preferred
Langendorf
1-31
1-20
1-15
1-15
1-15
1-15
6-15
2-26
3-1
RR.
12-30
of Rec.
When
Per
1-17
1-15
Payable
Share
Southern New England Telephone Co. (quar.)
South Pittsburgh Water Co., 4'A % pfd. (quar.)
Service—
(quar.)
Liberties
.^Northern States
5
y:.i.'-tv
y-
(quar.)
Mfg. Co., Inc.—
(quar.j-.
•
15c
$1.75
Brewing Co
(G.)
LaPlant-Choate
$1
1.—
60c preferred (quar.)
Grocery & Baking—
Kroger
63c
10c
10c
___
Mining
Knudsen Creamery Co.,
?
250
_—
6-
»
15c
____>>> 15c
________________
Department
6-15
9-15
12-15
; 1-27
3-
'
;
Public
2-10
$2
(s-a)___
Ontario
Northern
> 2
T
,3-15...
Co.
Power,
Northern Pacific Ry._
1-12
1-15
preferred
,
6%
15c
Common' (quar.)
Kobacker
5%
..1-15
.
2-1
$1
$1.50
>
(quar.)
Series
'Northern Indiana
•
Vegetable Parchment Co.—
Common
Kildun
*■■■■'■.
■;12-15;
Ry.
Company
of Rec.
$1
(quar.)
Northern Central
-
(quar.)
series A
$1.06%
(quar.)
Joplin Water Works Co.. 6% preferred (quar.)
Kalamazoo
12-23
12-15
(quar.■
Johnson—
&
Adj. preferred
1-15
1-15
1-15
______—_
com.
2- 1
Payable
Norfolk & Western Railway Co.—
1-20*
25c
(quar.)
Knitting Mills,
"
Share
Name of
Holders
When
Per
; s-
■,. ••
Name of Company
of Rcc.
.
$25c
$75e
10c
(interim)
com.
5% preferred (quar.)—
Jewel .Tea Co., Inc/,i.4'A% preferred
Johnson
87'Ac
Siores__
Foundation, Ltd.,
Payable
Share
'
.
•
Name of Company
Wood
7%
series)
(quar.)
Electric, 4'A%
pfd. (quar.)
Service, 5% pfd.
(Alexander & James)
1st preferred
(quar.)__
$1.50
$1.12'A
$1.25
—
(accuau#-
$$1.75
.f
ft J*. WiW C HfyfWp uWflm^w;.4ei^»
.'..'•X ;
.
•
.
Name of Company
.
..
/,
•
.
X Per f: : WhenShare
Payable
37'/2C
'4% >
50c
50c
Wrigley :(Wm.),'Jr.; Co., common—y /
Common
——
4-2
Corrugating,
1-15
1-31
Co.—25c
Machine
Yates-American
.
3-20
:—20c:'.:
15c
common
,
?
v..
;:
X>'
X..
By
(
'.,t
i
:
^Payable
in Canadian funds,
resident; tax,; 15% ; resident
-
X
.
-
the
trustee, 467 Congress St., Portland, :Mo.
.
and receive
present their bonds for redemption at any time
redemption price at once.—V. 114, p. 2013.
Bridge Co.—Calls Bonds
•
Inc.
Co.,
Car
Steel
Pressed
,,J
!
■
Offering
Special
special offering of 6,500 shar^ of common
—
Co.
had
5
preparing
are
the
The
stock (par
was
In
offering.—V. 161, p. 12.
the entire4
Lehman Brothers
1944,
June,
company.—V.
of
shares
preferred
57,337
RKO
"Period End. Nov. 30—
Inc.,
Uncollectible oper;
359,800
Operating
Net
Net
The
and Goldman, Sachs & Co. offered
owned by Atlas Corp., limiting the
Per
$100 bond—
Per
preferred share
—
...——-
Federal
the
of
it
Fed.
normal
Fed.-
exc.
surtax-
&
profits
taxes
(net)—
83,898
.
126,472
$5,894,260
X"; 90,426
$5,404,566
$5,984,772
2,553,938
85,394,488
3,048,345
2,786,967
•
/
(
"•
sales-
•Net
Sell.,
;
——
—
sales—-
of
tCost
XV
Co.,
&
23,754,422-
22,197,265
A cohstrubtion' budget for 1945 of more than $15,000,000 has been
.'authorized by this corporation for new equipment, extensions and
replacements for its subsidiary operating companies, it was announced
on Jan. 8. XX*XX:
:%'XXV xX • X'x: XXXxXX'xXxX/ XX-x
"X:
or the total'amount, $4,655,807 is for the electric department and
$4,182,520
$2,967,110
$8,697,183
$5,580,007 :
333,080
331,845
—X——,.—
$4,515,600
$3,298,955
$9,306,178
$6,046,384
148,499
281,475
299,273
139,862
;%
X;
Net
X_
Profit
;
• f,
18,000
r'
•
3,098,113
(est.)—-
income
on
'
y
t.
.
.
3'/s
.structure,
acre
makes
which
Lake
Malleable
City
in. the country, was authorized
of
one
fill the
to
need?
for tanks and trucks, both military and those
built for expanded domestic transport.—V. 160, p. 2235. X
parts
Rutland RR.—Plan Submitted to ICC—
A
reorganization cf the road was submitted Jan. 9 to the
approval - before formal filing by J. Norman
who stated, that lie represented preferred stock¬
holders and held proxies for 9,350 shares of the 89,625 outstanding,
or
more
than
the
10%
required under Section 77 of •- the Bank¬
ruptcy Act.
-XX,-''-X-X vy,7-• :■
-XXV-X-X'
:
plan
for
its
for
tentative
Lewis,
406,377
608,995 %
V
of prop, not '
used In operations—,
$U. S. and Foreign tax.
.$3,740,460 for the gas department of Public Service Electric & Gas
Co,, $4,114,300 for Public Service Coordinated Transport and $2,159,600
forPublic Service Interstate
Transportation Co.
The System Gas
$1,982,646 $12,444,088 $11,179,324
VX','-"*
New
York,
The
debentures ?
Expense
'
1944—12 Mos.—1943
1944—Month—1943'
Engineering Co.—Completes Large Contract—
malleable
being
opers.—
on
;
2653.
P,
largest operators
~
9,248,865
exp.
*
believed to be the largest malleable iron" foundry built in
17 years has been completed by this company for the Luke
Malleable Co. at Ashtabula, Ohio, it was announced last.week.
The facilities are financed and owned by the Defense Plant Cor-
plan
proposes
.
Int. •& amortiz. of costs
&
has 3,455 shares ($100 par)
share of which is held by the
company
large
a
2653. 1
p.
$2,197,922
The
10,646,398
Other income
Total
reached between
past
ICC
.
The
outstanding,
160.
for
4,627,892
from
olar.
a
Ontario & Western RR.
poration.
y
5,621,769
gen.
York
City
exp.
&
adm.
New
What is
the
1944—6 Mos,—1943
$58,084,319
47,017,773- 43,255,447
1944—3 Mos.—1943
and
$32,001,554 $31,349,424 $66,361,354
-
;
r
Expend $15,-
Public Service Corp. of New Jersey—To
000,000 in 1945 for Construction, Etc.—
"
Offering—Blyth
Inc.—Secondary
the courts under
in
stockholders."
stock
Rust
Period End. Sept. 30—
:
$2,936,427
$2,850,627
$2,607,521
its
to
H.—V.
the
Profit
-
-
90,512
'
-
- -
;.
'
agreement with the D. & K,, Rome &; Clinton would: receive
which it would use to pay a liquidating dividend of $50 a-
vy 160,
21.01
23.77
25.09
r
46.
Rayonier,
2,803,116
$5,314,140
2,324,931 X
$2,574,928
Net4 income
—V;5161, p.; i2.; *
161, p.
Approved—
York recently approved a petition for
clears the way lor final disposition
of New
The action
Sales
Inc., on Jan. 9 made a secondary offering of 5,000 shares
of common stock (par $1) at $17 per share. Concession to
dealers is 50 cents a share.—V. 160, p. 2652.
v
:
283.51
$1,058,185
Rose's 5-10 & 25-Cent Stores, Inc.—December Sales—
Remington Rand Inc. (& Subs.)—Earnings, Etc.—
$4,899,860
deducts.-
other
&
2,530,816
$5,316,308
78,180
$4,815,962
; X
/
Income
Groks
1,831,645
5,415,167
X:
——
income-
oper.
Other income
Int.
1,265,683
1,690,645
5,217,473
tax__
293.69
—
$1,009,652
762,800 r
707,331
65,878
Clinton RR.—Dissolution
Period End. Dec. 31—
$238:51
262.13
$249.80
2,175,980
lieu of Fed.'
Charges in
Net
-
1,023,316
-
2,231,513
2,042,669
2,082,630
-L-
taxes
$255.19
—
—
75,663
.
1,076,911
1,064,790
96,903/
an
common
&
95,934 y :
-
company's affairs
for each
available
-1943
$6,121,359
-4,600
3,718
$93,646
Delaware & Hudson
and
Under
Nov. 30.'44 Dec. 31.'43
31,'44
share:
Per common
—v.
misc.
and
local
State,
Dec.
>
X;
X
.
I1944—11 Mos
$101,433
Commission
S.
P.
payments
reports market values of assets
outstanding securities as follows:
its
.
$583,937 "
$561,810V$6,324,939: $6,116,759
386.570-^, 371,261
4,201,9044,030,196
_____
160, p. 2653.
Rome &
160, p. 2760.
•
XX xv/X
Sought—
1.299
-
X
dissolution of the road.
company
of
4
-
operating income
The
interests.
D.
class
rev.-
taxes
income—
—V.
Railway & Light Securities Co.—Value of Securities—-
__
regis¬
bonds, series
p.;:669.--
1944—Month—1943
Operating revenues..
Operating expenses
share
Public Service Co. of Indiana, Inc.- -Earnings—
1943 i
Period End. Nov. 30—
1944—11 Mos.—1943 X 1944—12 Mos.
Operating revenues$27,838,532 $25,572,415 $30,423,177 $27 ,949,002
2,134,852 '
2 ,436,400
2,241,206
Power purchased
1,869,356
,401,683
1,395,462
1,257,427
Gas
purchased
* 1,249,067
,436,453
8,143,722
6,822,222
Other operation
7,529,409
,272,425
1,526,356
1,196,122
.Maintenance
1,406,509
,69.7,040
2,869,811
2,475,000
Prov.
for
depreciation- - -2,644,811
i*
"7 'VX
repre¬
stock and warrants in the motion-picture
to common
•-
«
-
$1,500;000 first mortgage-33.4%
160,
:
.
Atlas investment
*
Bahk- & Trust Co,, has. been-appointed, trustee,
Chemical
...
the Rockefeller
"
Rochester Telephone Corp.—Earnings—
...
;
in behalf of
shares
r
The- first National Bank of Chicago, trustee. 33 South Clark StX Chi¬
uqtii 3,p.m..on Feb. 5, 1945,.receive,bids f6r the sale to
it of first mortgage sinking! fund 6%; bonds due .May .1; 1954, lo om
amount sufficient to exhaust the shm of $37,135, rat prices-not to ex¬
ceed 100 and interest.—V. 156, p. 1156. * X
'
only substantial stockholder
in RKO will be the Atlas Corp.
which on June 1 owned 1,329,020
common
shares, or 46.26% of 2,873,053 common shares ($1 par) of
that company then outstanding.
Atlas also held option warrants to
buy 327,812 common shares.
*
In April, 1943, Dillon, Read & Co. distributed 316,328 common shares,
555,253 warrants; and 44,757 preferred shares of the corporation in
behalf of Radio Corp. of America, and an additional 96,000 common
A
"
Operating revenues—$585,236-X $561,810>. ;$6,328,657-
Center,
'
,
* '*
.
14
\\
Ltd.-above.—V.- 139,
*.
the Center In shares of that com¬
of
v
-.
'
Co.;
Power
•
\
X
1
cago,. Ul„ will,
following:
in behalf of Rockefeller
shares
remaining holdings
,
I
X.' "X
.
&
Roberts & Oaks,- Xnc.—-Tenders
•;
secondary offering of
a
-
1943,
Oct. 1,
on
Gaf Co,~Trustee Appoiiited^— X .r •"
trar and paying agent-for
Upon completion of this distribution, the
made Jan. 9 by Weinress & Co., on the Chicago
Stock Exchange,-and has been-'completed.
The issue
was offered at $17%
per share,'with a special discount
of 35 cents a share.
There were nine orders, absorbing
$1)
&
Jan.
v
Roanoke
A, due Dec. 1, 1969.—V.
>
—
"Times"
common
senting the
pany.
y
—
of
shares
company has called for redemption on Feb.
15, next, $28,500
first mortgage 6 Vs % sinking fund bonds due. Feb. 15, 1954, at 100
and interest.'
Payment will be made at the Continental Illinois Na¬
tional "Bank'&■ Trust Co., corporate trustee, 231 South La Salle St.,
Chicago, 111.
Read
Dillon,
The
Interest
York
New
The
of
'
y.y
cents per share
1 to holders of
Oct. 2, last,; as
Light &-Pow^rCo,, LtdX-TQ
,,X
Light
Traction,
„
.
Brothers Harriman *.
4T;
4135.
■;p,
of
Corp.—Rockefeller Center to
Secondary Offering of 359,800
Shares of Stock Soon to Go on Market—
TVithdraw
Holders
full
Prairie du Chien-Marquette
payment
Radio-Keith-Orpheum
•
•may,
the
Sidney M. Robards, who has been on the staff of the corporation's
Department of Information for the last seven years, on Jan. 5 was
appointed Manager of the Department.—V. 161, p. 145.
Investment News
rortlhnd, Successor
-of
authorized
Radio Corp. of America—Promotion— .-Vv
iv
(Continued from page 212)
.
has
Coupons are payable at the offices of Brown
CO., Philadelphia and New York.—V. 159, p.
&
Corporation and
the U; S. District Court for'the
27,-1944,
Pennsylvania
of
District
Nos,
coupons
Brazilian
See
15, 16 iand 17, dated Nov. 1, 1942, May 1, 194^ and
Nov.. 1, .1943 respectively, each at the rate of 2%%
of the principal
of the bonds, or a total-of 7Va%;.
:
/X''
/
^-
General
Reduce Funded Dedt—.,
holders of 1st mtge. 5% bonds due November, 1953,.says:-.
order-dated Dec.
an
Eastern
•
Canadian non-residents' tax.
tax deductible at the source.
Non¬
7% .
a Less. British income-tax;
tPayable in U. S. funds, less 15%
Rio de Janeiro Tramway,
v
Quaker City Cold Storage Co.—7y2% Interest—
A notice to
X X Less 30% Jamaica income tax. "* <•
- V.-,- '.
! ♦Transfer books not closed for this dividend.
-
160, p. 2652.
"• - -•
.
4
12- 4
1-15
of the plan for recapitalization.—V.
the provisions
with
1-22,-x. 1- 8
Worsted Co
Wyandote
York
—
——
3- 7 / :
3- 5 /
3- 5
1-20
.
75-Cent Common Dividend
X Ricc-Stix Dry Goods
$1,092,000, due to deductions being claimed in the amount of approxi¬
XX1 The directors on Dec. 28 declared a dividend of 75
mately $2,600,000 for items arising from the refinancing of the comon
the common slock,
no
par value,
payable Feb.;
pany's debt.
The companies do not consider that they have any
record Jan. 15. • A similar distribution was made on
liability for excess profits taxes.;
'
•
yX/XvV-. ./;
compared with 50 cents on March 1,. 1944; 75 cents
;>/tExciusive of dividend of $2.50 per share paid Sept. 13, 1943, in
and 50 cents on Feb; .19, 1943.—V. 160, p.
order to reduce arrears/such payment having been made in accordance
of Rec,
3-20
3-15
3-15 y.
2-1,.
prior preferred (quar.)—$1.12 Vay.,,
cobv: prior preferred (quar.) ^--^.-,-$1.12%
4'/2%
Mondays January 15, 1945
CHRONICLE
Federal income taxes for 1943 were reduced by
respective-periods.
the
Holdert
.
Wortbington Pump & .Machinery, common.^
■
vvm vv *±sn*w.,i' rv»fH W«U*>.WMI1rmsC!v
THE COMMERCIAL & FINANCIAL
246
.
■
15,144;
33,000
7,500
6,391,348
3.957,394
960,978
$2,600,355
$1,774,573
$
stock
ferred
2,181,978
capitalization
of $15,500,000 in place, of the
reduction of fixed charges from the present
a
y$l,013.470 to $190,000 annually.
It calls for $3,500,000 of first mort¬
gage 4%
income bonds; 200.000 shares of. non-cumulative 2% % pre¬
' '
,
$1,259,625
-
-
,
a
present $18,296,300 and
•
V.
X
Companies of the corporation—Atlantic City Gas Co., Peoples Gas Co.
end County .Gas^ Co.—are allotted approximately $350,000.
;
' The
major expenditures in the electric department's construction
161,
($100
and
par),
100,000
146.
p.
-
shares
common
($100
par).—
X*
..
St.. Louis Southwestern Ry.—November
.
Earnings—V;
V• including billable costs and fees on cost-plus-fixed-fee contracts. /' r
Period End. Nov. 30-»- 1944-Month—1943; ""
1944—11 Ntos.—1943^
tlncluding costs under cost-plus-fixed-fee contracts.
tlncluding.U. S. ' Rwy, oper.
revs.-X--X $6,341,636 $5,668,825 $66,227,699 $58,489,316
excess
profits taxes for six months period, $3,247,000 after deducting Rwy, oper. exps.—__
2,613,003
2,633,908 30,394,378
26,110,813
for the further improvement of facilities for genervdebt retirements and post-war credits of $361,000 in 1943, and $5,-^.
••'■Railway'' tax
accruals
•XX/Xy.-X i-yy
>-y - y;;;.v
ating, * transmitting and distributing electricity to continue to meet
614,000 after deducting $636,000 in 1944. (ad valorem)—
X 82,281
99,186 ; ' 938,059 '
921,197 "
.way: production requirements.
•
,
'
X '
V
Note—Provision for depreciation of properties charged, to profit and
'X
•;
Federal incanmT&,^, X 2,278,953, •; 1,849,099
Ah'approprialtiom for the erection of 37 new coke ovens at the com¬
20,524,338
16,771,233
loss amounted to $238,595 for the quarter ended Sept.'30,M943:.:$181,Other Fedefaf—X—2
113,962
105,707
1,361,036 '
1,061,870
pany's Camden coke-plant is a major litem in the 1945 construction
781 for. the quarter ended Sept. 30, 1944; $521,633 fori the. si£<m<withs
budget of the gas department.
Other expenditures will be for the
; ended Sept. 30, 1943; $363,431' for the six months.ended Sept. 30, 1944.
extension 'and further improvement of facilities for the manufacture
Rwy;'0peiy:income../ ; $1,253;436 -rd980,925 $13,009,887 $13,624,203
and''distribution, of gas;—• •
X-XxXx4 XX ■:
;• 'j
;
Consolidated Balance Sheet, Sept, 30
v r
/Other rwy. oper;: inc.—
/:'31,107
24,268 X; 308,308
327,596
The principal expenditure in "the transportation companies' budgets
X Assets— "X::' X;->
194A
1943
/ Will be .for a total of 384 oil-hydraulic buses—334 of the 32-passenger
X
Total, rwy, oper. inc.
$1,284,543
$1,005,193 $13,318,195 $19,951,799
Cash
---$20,341,915
$9,145,744
Deducts from i*wy. oper. vy-/.'-XX;
XX■./■■■ yxw
X ■
■
.-transit type and- 50 of the 40-passenger transit type.
As previously
;U. S. Treasury tax savings notes—i.———
—
2,050,000
announced, ;an order for these -new buses was placed with General
:
income
203,088 X 323,102- x3,466,684
837,979 '
•Accounts, drafts and notes receivable^—-—
15,822,655
15,323,482
Motors Corp. last month.—V. 160, p. 2335. X%XXV
:-X\X ;
Unbilled costs and fees on cost-plus-lixed-fee
.
$991,455 " $682,091
$9,851,511 $10,113,820
contracts
.--i
3,181,760
8,952,228:- " X'Net ry, oper: inc,___
33^17
6,949
350,428
120,151
Reimbursable
expenditures under Government
<
X .;' Non-oper. inc.
.
.
;
will be
program
'
.
_
,
,
*
•
;
.
.
.
'
"
——-—
Public Utility Engineering &
—
Service Corp.—Output—
•—X——
674,789
-Inventories fat lower of cost or market)____—- 15,311,491
Rental machines and equipment (netj-L—X—
5,059,776
Investments and advances—
——
618,276
Other
assets
i
2,528,635
this corporation
for the week ended Jan. 6, 1945, totaled 196,423,000 kwh., as compared
with 199,948,000 kwh. for the corresponding week last year, a decrease
of 1.8%.
•'
:• .
"
Electric output; of the operating companies served by this corpora*tibm for the week ended Dec. 30.
1944, totaled 185,881,000 kwh., as
'compared with 195,401,000 kwh. for the corresponding week last year-,
Electric output, of the operating companies served by
:
.
*-
'
a
of
decrease
..*
v'
4.9%.—V. 161,
VX'XX'X-X-
p.
>'■
%*. *'*■
Puebla Tramway, Light
X
"of
;
vX.-*
t
''**
:
& %Power Co.—Interest—
Holders of the 5% prior lien bonds have been
Accrued
Bank
of
Ltd.,
the
Toronto, Toronto,
London,
England,
coupons
at
Canada.'
Holders of the 5%
''
the
■
or
in
Canadian
Toronto
Branch,
.
a
of
and
U.
taxes
Liabilities
Reserve
memorandum
for
foreign
Reserve
Puget Sound Power & Light Co.
Period End. Nov. 30—
revenues
(& Sub.)
1944—Month—1943
$2,312,080
$2,144,676
Earnings
1944- -12 Mos.—1943
928,707
883,386
10,419, 086
9,224,521
Maintenance
140,584
141.178
1.698, 210
116,879
1.573, 719
Other
°88,676
2,343 536
179,425
191,890
2,899 858
:
Net oper.
revenues-4-1
.
$667,737
$722,668
$7,594,206
<net)_-__
£>r21,230
and
amortiz.—
Balance
Prio.r
:
X-——/--
■"
8,164
Drll6,21t
-
$7,477,995
2,340,565
$524,463
$5,137,430
preference, dividends paid
687,500
reserves
retired
within
$4,715,487
•
*r.
income taxes have been restated
the Revenue Acts applicable during
♦For-comparative-purposes Federal
to give effect to the provisions of
'
■■
.
of
$1,020,738
at Dec.
30,
totaled 2,464
1944
;X;X,
;
as
against: 2,478
;Vs''^/X
.
and
Excnange
Commission
recapitalization plan
will
hold
filed
recently
by
hearing on.
the company,
a
XHX' X
U.
S.
Supreme'Court; on
X
denied the petition
Jan. ' 8
of certain
Alabama RR. bondholders to reverse the decision of the
of
Appeals approving the plan of reorganization of
&
Court
•'•••
-
Ry.—V. 161, p. 146.
'•
'■
X
.
K
-
,
•" ''-••.X
-
X-.-y.
y
^
.x
«
-
'
Sears, Roebuck & Co.—December Sales—
;
4,623.299
1.743,690
8.845,650
13,017,336
1944-^- Month—1943
Period End. Dec. 31—
14,217,000 \
1944—11 Mos.—1943
X,
$119,822,908 $97,995,921 $940,889,433 $816,297,677
Sales
—V.
160,
p.
2653.
-
-•-••y' /••/ ,;.X
y'.yX
;
X Xx
*
'
Servel, Inc.—Preferred Stock Offered—An offering of
.
shares of $4.50 cumulative preferred stock
60,000
(no
par) was made Jan. 9 by a group headed by Kuhn, Loeb
& Co.
The issue, priced at $105 per share plus accrued
ihi,j',9'44
one
dividends,- has been oversubscribed.Other underwriters
-
are:
The
company
of
underwriting
•
.
& Co.^It
3%% and
is
contemplating
preferred" stock.
headed
the
issuance
The
offering
by .Dillon;
in
the
will
near
be
future
made
by
Co., Inc.;' Mellon Securities Corp.; A. G. Becker ^
Co., Inc.; Merrill Lynch, Pierce, Fenner & Beane; Union
Securities Corp.;, A. C. Allyn & Co., Inc.; E. H. Rollins &
of
registration early next month.—V.
Sons^ Inc.; Slade &
an
Read '&
Co.: and/ Reynolds.
is expected the new stock will carry a dividend rate of
be offered- at a nremium. '- The' issue/probably will go into
group
.
159, p. 1485,
Blyth & Co., Inc.; CoggeshaJl & Hicks; The First:
Corp.; Glore, Forgan & Co.; Harriman Ripley &
Boston
year.—V. 160, p. 276.
(R. J.) Reynolds Tobacco Co.—Proposed Financing—
$50,000,000
♦Decrease,'.,..
..
.
;
1944—52 Wks.—1943
•
$53,888,565 $46,716,893$656,624,966$588,883,308
.
1584,375
">4>449i930
ia'lir;
the
on
Seaboard Air Line
due
and $1,060,906 in 1943.
tAfter
reserves
for
depreciation
and
amortization
(including $345,765 at
Sept. 30, 1944,; and $337,444 in 1943 on buildings not used in onerar
tions)
of
$17,207,911. in
1944 and
$16757,336 in 1943.
^Includes
$600,000 due within one year.
§ Includes $362,000 debentures totz be
$5,299,862
B^lafice
:?.jn
/;
t
Seaboard Air Line Ry.—Bondholders Petition/Denied
The
255,228
2,151.004
1,800,000
l:_—X—xxxxxx—$72,888,409 $74,201,282 '
2,925,930
•-$452,303
!
% •
X-
643.855
185,115
§14,143,000
par)—3,776,874
—XX——1,831,393
;XXI2.?-S4iisX_'X"-'«—
7,336,536
fXX'fX—
14,262.623
...
;
Circuit
—
.
$8,225,792
206,368
_X
surplus
Totai; „X—X
7,078
194,204
debentures,
6,385,735
156,529
2,727,296
1,200,000
——
"
%•
.f
.•*
10,887,513
..
Georgia
iXXiXi
surplus
•After
in, operation
160, p. 2653.
163,336
fluctuations——
fund
—V.
138,095
par)—
($1
Earned
$8,218,714
$730,831
$646,506
Int.
:
1944—4 Wks.—1943-
—_
Securities
Feb.-26
*
.3 Mtif,
income
stock
Capital
2,669,923
taxes"ijdtS
,
Other
273,478
taxes!-ir/_
inc.
Fed.
1
1,416,068
1,001,303
_•
before.—V. 160, p. 2653,...
year
90,919
v——
notes)——
sinking
718,766--
'
cumulative preferred stock:($25
Common
1,859,033
Depreciation
122,149
_L__
3Vo%
5,250,000
—--"4 v
--X'.
etc.—
exxchange
(serial
July 1, 1956—I
$4.50
-
_•
The
?—13,172,422
- - -
;•
.
$7,111,032
Scranton-Spring Brook Water Service Co.—Hearing—
,
^
year-;.——__c—^
contingencies
for
loans
15-vpar
$26,528 614 $24,389,562
801,617
r—
insurance,
a
1,787,794
>--- j--—-
for
$45,888
3,933,471
2,767,578
862,093
government ,con,tracts_^--^
after one
due
;
rents, etc.- ?: 2,473,250
merchandise,
; y; '
of service contracts
income and excess profits
Reserve
IBank
Operating
Operation
foreign
(estimated)
and
S.
Advance.;on U. S.
Dividends payable
157, p. 171.
of
completion
'»
of the interest due on Jan. 1, 1945, will be made at the rate
specified in the bonds in.sterling at the Bank of Montreal, 9.Waterloo
Place, London, England, in Canadian dollars at the Montreal Branch,
Bank of Montreal, Canada, or in United States dollars at the Agency,
Bank of Montreal, 64 Wall St., New York, N. Y., in each case upon
Of payment.—V.
redemption
cost
coupons
ment
presentation, of the bonds for endorsement thereon of
taxes,
Estimated
first mortgage bonds have been advised that pay¬
$44,463
2,190,492
2,459,829
———
salaries and wages
interest, insurance,
Commissions,
dollars upon
Bank of
the
•
-
Sales
Stores
payable—:
accounts
Midland
the; interest due
(payable in-foreign currencies)—-
loans
Trade
presentation
:X— $72,888,409 $74,201,282
3,122,939
$7,388,623
f
Liabilities—
Bank
advised that payment
on Jan. i; 1945, will be made at the amounts set
out jn the coupons in sterling upon presentation of the coupons at the
:
———^._X
Total,
315,484' '> 2,813,316
$373,556
Safeway Stores Inc.—December Sales—
Period End. Dec. 30—
2
$689,040 $10,201,939 $10,233,971
l
—V.. 161, p. 47. ■»
8,489,305
1,322,973
1 ,*
buildings, machinery and equipment—_
8,120,325 ;
charges
-__X—-X——XX-L;* 1,228,787
Goodwill, patents, etc.__^--_i———X_—- /
1
tLand,
'XX '»
*•„•«
2,588,267
X
Gross income..
$1,024,972 r
19,064,964
248,963
4,769,598 " Deducts .from gross inc. 820,619
Net income——$776,009
/ 1,674,100
.Deferred
12.
X-"-"'-
contracts
facilities
;
McLeish; Tucker,-Anthony & Co.,
and G. H. Walker & Co; :
The
part,
X";
x
x---/X • X,-.
preferred stock will be'redeemable "if any time^ "in- whole-br in
election of company upon not less than 30 days' notice, at
at
.
Volume 161
and
thereafter
share:
per
on
$110
on
Oct.
before
or
31.
cr
1950;
31, 1951; $108.50 thereafter and on or before Oct. 31,
terly on April
Gaylord G. Dominick, of Dominick & Dominick,
director.—V. 160. p. 2548.
a
Period End. Nov. 30—
Operating
Maintenance
General
_
normal
Fed.
excess
and
to
Adjusted
stock
(no
Give
Gross
Net
Effect
—V.
Outstand'g
__
7
had been -developed
and became
this type, operated principally by gas, and
commercial .electric refrigeration equipment.,
(b)
of
Company has no domestic subsidiaries but
owned Canadian subsidiaries: Servel (Canada),
company's activities have been devoted primarily to preparing for,
and engaging in, the production of articles for war use, which articles
are quite
dissimilar to its peace-time products.
v
7Underwriters—The
names
of
the principal underwriters and the
which
each
Kuhn, Loeb & Co.—
Blyth & Co., Inc
Coggeshall Ac Hicks
The First Boston Corp.-
Corp
Consolidated.
.
"ILV
*
Neb
3,500
'
Gross
Other
_
—
profit —1
income
;
———
—
-
of
Net
income
expansion
of
this
by
———
-
Net
income
the
its
tax
1942
$2.695,324
.
694,097
27,509
..
$1,301,312
Liabilities—Accounts
Sheet,
in
banks,
Oct.
31,
$1.352;840
contracts.
1944
$4,255,959;
at cost, $675,000;
payable,
$1,796,325;
(Conn.) Water Co.—-New Control—
Utilities
Corp.
above.—V.
160,
p.
2547.
(Frank G.) Shattuck Co.—Profit-Sharing Plan—
have approved
of
this company and its subsidiaries, it was announced on Jan. 9.
The
plan is subject to approval by the stockholders at their annual meet¬
ing in March and to the approval of the Commissioner of Internal
Revenue/' Salary Stabilization Unit, of the United States Treasury and
the National War Labor Board.
profit-sharing plan for employees
a
■
profit-sharing plan, dated Dec. 1, 1944, provides that 10$ of
the net operating earnings, before "taxes', will be set aside each year;
these disbursements, however, not to exced 8$ of salaries and wages.The
Employees who have been with the company continuously for a period
of five years on Dec. 1, 1944, are eligible to participate.
The Bankers
Trust Co. of New York has been appointed trustee of the fund.—V.
160, pp. 2653 and 1300.
Interest—
President, in a liotice to the holders of general mort¬
gage income bonds, says:
''
V'
The directors at a meeting held Dec.
19, 1944, declared payable
on
of
the
Reed,
bondholders of record Feb. 9, 1945, a payment
earnings for 1944, and 1.188$ in respect to
balance of earnings of previous years heretofore unpaid.
March
6%
in
1,
1945
90,368
$4,252,075
$3,743,735
2,808,690
2,844,456
$1,443,385
$899,279
$3.41
$2.13
__
to
respect to the
profit
;
;
share—
per
"Including provision for
280,127
.
manufacturing
the
result
of
facilities
the
is
Federal
income
taxes.; tlncluding rents of
undeveloped leases, leases abandoned and expired, and interest on de¬
bentures.—V. 161, p. 49.
Sylvania Industrial Corp.—New Director-—
being
purchase
of
John
a
diversified
line
of
radio
will
and
is
also
a
offices
warehouses.
phases of the
The
scrip
Guaranty
$14,385,727
$14,981,730
1,029,034
1,069,311
10,844,342
Dec.
15,
:
.
Co.
4Ve
o£"New
York
preferred
is
stock
now
160,
cents
2654.
p.
value),
for
Net
oper;
:
1944—Month—1943
oper.
Unemploy.
Federal
ry.
473,008
400,009
64,332
,43,243
608,577
V 543,083
inc.—
7,400
60,800
687,870
782,192
accruals—
53,333
35,833
447,500
430,000
income.
$138,302
$96,513
$1,341,063
$1/199,239
(net)—_
511
201
3,791
4,934
$138,814
$96,714
$1,344,855
$1,204,173
:~.x,S5
on
oper.
income
income
19,854,357 193,511,542 224,324,108
deducts,
641,117$' ; 564,951
695,166
:>
'608,381
taxes
6,954,408
7,531,671
dividends
1,179,107
1,065,734
7,961,540
10,407,320
11,744
11,869
116,688
1,830,926
:1,883,327
21,052,064
74,754
148,163
1,007,286
.-The
New
Central-Hanover
York,
the
1,395,686
"Net
.
(net)
rents
ry.
(net)—_
income
oper.
Total income
Total
misc.
3,363,626
12,781,861
12,909.427
96,174,213 100,301,003
,
47,893,349
464,382
5,164,614
616,008
9,408,515
sale
N.
of
5,780,622
57,301,864
and
.
deducts,-—
40,325
62,005
for
V.
5,718,616
56,708,319
Net
fixed, charges—
income
S.
Transportation
Net
income
controlled
'
B.
22,690,281
12,445
34,005,5921
2,494,420
194,426
1,979,143
2,143,117
V ;,
-.
2,094,463
3,842,711
bonds, of
P.
solely
Co.—V.
Mexico,
38,479,155
controlled
tRepresenting
affiliated
certain
income by
to
to
exceed '105
the
New
York
has
capital stock,
been
issued
/
appointed
in various
transfer
classes.—
been
I.
Stores Corp.—New Director—
added
to the board of directors of this
Chairman of the board, announced on
Lubin,
Baker
is a director and President of the Blue
Ridge
the board of American Cities Power &
Light Coirp.,
of the executive committee of the Beridix
of
and
member
a
Corp.,
amount
161, p. 146.
Southern
not
'
and
director
a
of
the
York
New
Chicago & St.'Louis
2655.
p.
^
(Del.)—May
Make
Another
Exchange
The directors at their
meeting late tfrisi moh'th mdy authorize .ano'ther
exchange offer to holders of the $3 preference stock.
This, it is un'derstood, will comprise a voluntary offer to
exchange two shares of
Delaware Power & Light Co.
common
stock
and
an
undetermined
68,353,334
interest on
credited
not
cos.
prices
>>>-.
Offer to Holders of $3 Preference
Stock—$1.25 Prefer¬
Dividend Expected—
-
of
at
•
ence
—
inc.—.
"Excluding S. P. RR.
has
:v.-> '
United Corp.
-7,128,918
179,922
Mr.
160.
59,081,300
155,028
10.
Aviation
31,556
3,493,256
$54,040,
•
-
Co. of
for
Joseph
RR.—V.
24,911,353
121.190
Trust
Baker
director
1
1,793,351
$v
cos.-
(Cr)-.—
net
•
of
sum
2569.
Corp., Chairman
84,024,209
solely
C-v:
ConsoL
2,222,462
—2,897
:
.
P.
Syst.._
of
affil.
adj.
1,994,333
chgs._
of
& RR. Co.—Tenders Sought—
Bank
2795..
p.
■■
&
Trust
Co., trustee, 70 Broadway,
noon
on Jan.
23, 1945, receive bids for
mtge. gold bonds due 1951 to an amount suffi¬
the
160,
registrar
p.
Hugh
a
Total
gen.
Guaranty
and
158,
Jan.
3,787,684
TotaLc'ontingenfc
49,583
956*420
956,430
>-
until
United Cigar-Whelan
1
fixed
charges
of
will
exhaust
corporation,
avail,
"•
_
_•
■'
Union Trusteed Funds, Inc.—Transfer
Agent—
The
76,483,288
593,545
Y.,
it
int.—V.
agent
84,762,393
738,185
_
-
cient-to
8,279,106
3,828,009
Other in come__——
19,196
$1,184,977
>
—
'
'Tennessee Coal, Iron
20,794,099
Jt. facil.
56,803
$1,288,052
—
—
160, p. 2548.
150,901
tax
Equip, rents
3,226
$93,488
>
$115,462
Common
.6,388,698
;j
Federal
taxes
"23,351
,
dividends
—V.
5,901,006
State,' county Ac city tax
Miscellaneous
(int.)
income
-3,283,387
32,487.744 383,143,061 321,873,685
op.
insur. taxes-
retire,
$6,637,911
3,772,349
39,318
Preferred
$
»~iv
$
j
52,342,101 576,654,603 546,197,793
15,757,981
expenses-
from
rev,
,
1944—12 Mos.—1943
;
290,883
taxes
>-Utility
of
41,230
—
res.
Other
—
taxes
Retire,
1944—11 Mos.—1943
l/100th
■
$7,330,368
Net
51,585,959
35,827,978
revenues.
each
$566,590
Federal
•
to redeem
issued and
prepared
($10 par
at the rate of 10.3649
$621,206
Income
1944—Month—1943
$
Railway
Railway
S.
"
•
——316,608
Earnings of Transportation System
*
p.. 2654.
revenues
General
Southern Pacific Co.—-Earnings—
.
for
1943,
share represented thereby.--r-V.
Gross
:
160,
Operation
11,401,317
Period End. Nov. 30—
:
Operating
290,804
$1,276,640
placed
self-sealing
Little, who
Mr.
Tampa Electric Co.—-Earnings—
/
$10,509,619 $119,655,288 $110,803,956
6,930,195
80,656,055
71,349,355
$1,320,558
income
business.—V.
Trust
certificates
dated
24,472,871
oper.
and
and
•;
.v; ;>
.
Period End. Nov. 30—
24,613,506
directors
Talon, Inc.—Redeeming- Scrip Certificates—
Co.—Earnings-^;
2,302,784
board of
Replogle
other
,
1944—11 Mos.—1943
7,375,108
the
continues as Vice-President and director,
but will
devote his attention during the
coming year to post-war planning and
in
2,399,074
to
Vice-President, will supervise the general sales force, branch
and
Mr.
$10,532,995 $119,904,991 $111,094,760
249,703
been elected
charge of sales of cellophane, casings for meats
bands, according to H. H. Replogle, Vice-President.
one
23,376
W. Little has
in
electronic
concentrated
be
taxes
of
Delaware
cash
for
each
$3
preference
share.
United
holds
303,311.
common
shares, and the forthcoming exchange offer will be
of 151,655 of the 1,365,338
United $3 preference
shares outstanding.
V> >
r
'
In the preceding
exchange offer, United Corp. offered in exchange
limited
Railway—Earnings—
to
holders
>
10 Days End. Dec. 31
1944
Gross
—V.
earnings
161, p. 146.
1943
\«
$7,575,632
-Jan. 1 to Dec. 31-—
':&■!■&
1944
for
1943
each
of
ers
filed
preference
stock
and
1,411,000
limited
has
company
$3
common
$8,762,882 $344,167,186 $331,395,566
;
Southwestern Public Service Co.—Registers
The
$6
share
in
sought
1.123,000 shares.
to
to order
1.8
cash.
shares
The directors of United
with SEC
shares
This
of
Philadelphia
offer ;was
make
to
'
Corp. at the
exchange,
Co.
Hold¬
which
was
>;
•
same
Electric
oversubscribed.
the
meeting
are
expected also
dividend payment of at least $1.50 a share
on the preference
stock,, payable some time in February.
The last payment was $li25 a
share on the stock, made last
February, and accumulations on .the
issue now aggreagte $6.75 a
registration statement with the SEC for
$17,500,000 first mortgage 3Ve$. bonds, due 1974, and 50,000 shares of
cumulative preferred stock (par $100). The dividend rate on the shares
will be supplied by amendment.
Dillon, Read & Co. will head the un¬
a
a
share.—V.
160, p. 2795.
derwriting group.
Holders
given
United Gas Corp. (&
of
Southwestern's outstanding 6 Vss$ preferred stock will be
opportunity to exchange their stock for new stock on a
the
share-for-shafe
authorization
basis.
of
the
Consummation
new
preferred
by
of
the
exchange
common
-
Period End. Sept. 30
is
subject to
stockholders, and pur¬
chase by the underwriters of $17,500,000 new 3 Ve% bonds and of such
shares of new preferred as are not issued in
exchange for old preferred.
See also V. 161, p. 146.
.
Operating
Operating
Federal
1944—3 Mos.—1943
revenues—
expenses—
taxes
Other
taxes
:Property
retire.
pletion
res.
&
Subs.)—Earnings—
•Albert
E.
Edwards
manufacturing
nounced
of
Jan.
on
associated
with
has
the
Ford
He
10.
been
Ford
Vice-President
elected
Instrument
succeeds
the
Instrument's
Co.,
late A.
a
in
subsidiary,
J.
charge
it
Gleason.
Net
of
de-
,».•,>
.
2,796,664
approp._
>
■
2,769,857
$1,893,593
(net)—17,885
revs.—
Other income
was' an¬
He
oper.
>
" 1944—12 Mos.—1943
$13,287,682 $12,087,558 $60,194,597 $55,230 074
5,660,827 . 4,882,908
22,885,753
20,304,102
1,767,372
990,956
10,151,132
5,962,006
1,169,226
1,123,930
4,743,376
4,779,615
Sperry Corp.—Official Promoted—
11,864,387
12,196,^13
$2,319,907 $10,549,949 $11,987,838
>
15,012
532,983 365,360
...
became
Gross
engineering
department in 1933
named assistant to Mr. Gleason.—V.
160, p. 1532.
Net
income
int.
to
$1,911,478
—
public,
etc.,
$2,334,919 $11,082,932 $12,353,198
■
deductions—
899,651
" 1,047,195
3,811,029
3,796,635
$1,011,827
$1,287,724
$7,271,903
88.556,563
45,092
38,330
198,626
167,321
$7,073,277
$8,389,242
:
Spiegel, Inc.—December Sales—
Net sales
1944—Month—1943
$3,709,100
—
1944—12 Mos.—1943
/
Balance
Portion
$2,106,302 $34,713,436 $28,324,013
applic.
to
nority
The corporation has acquired the Beverly chain of 26 retail women's
wear
stores
in
Eastern.
Midwestern and Southern
States.
M.
J.
consol.
mi¬
interests
Bal.
Acquires Chain of 26 Stores—
to
surplus
earned
:
wide
Federal
mail
order
business.:—V.
Robert
John
A.
Newbold
Keenan
has
has
been
been
Other
elected
Vice
Chairman
President.—V.
of
160,
the
p.
board
and
2654.
company
producing
wells
Oil &
is
on
Gas
a
Co.—Expansion—
to
have
paid
360-acre
lease
in
reported
$600,000
the,
Slaughter
for four
pool
160
p.
1744.
„
•
—.
191,939
837,878
767,246
101,200
.
105,400
675,000
650,000
.
revs.—nat.
;;
$70,597
$31,543
$2,000,782
$1,410,859
(net)—
1,818,583
2,012,086
9,302,988
10,001,604
.Gross, income --i.—
Net
int.
&
other
de¬
$1,889,180
;
income
oil-
of south¬
western Hockley County,
West Texas Permian Basin, according to a
Fort Worth. Tex., dispatch, which added that the purchase was from
the
R.
Olsen Oil
Co.
and
Uscan
Drilling Co., both of Oklahoma
City, Okla.
Also involved were the deep lights under 1,360 acres of
leases in the Jal area of Lea County, New Mexico.—V.
40,497
196,015
ap-
1944—12 Mos.—1943:
$1,749,447 $12,874,202 $11,124,452
1,407,568
8,150,973
7,525,981
17,197
1,209,569 ' •
770,366
1,539,471
/
reserve
—
Other
cash
$1,951,980
taxes
Net nper.
gas
1944—3 Mos.—1943
___
taxes
propriations
.
The
expenses
Prop, retire,
Corji.—Changes in Personnel—
named
:
Operating
,16(j"(p. 2654.
Standard Cap & Seal
;
$1,249,394
Earnings of Company Only
Period End. Sept. 30—
Oper. revs.—nat. gas
.
■
$966,735
_____
Spiegel Jr., President and general manager, announced as of Jan. 1,
1945, that the stores will be operated as a part of the Sally Chain,
a
division
of
the
parent
company.
With
the Beverly
purchase,
Spiegel, Inc., now operates '100 retail cutlets in addition to a nation¬
Stanolind
Shelburne Hotel Corp.—To Pay
Net
210,000
316,419
as
$11,094,740
Period End. Dec. 31—
Homer
profit
expenses
and in 1941 was
directors
Net
21,800
rev.
.
The
$574,480
7_
$1,828,236
accrued expenses,
$1,«
123,725; provision-for employees' bonus, $596,595; provision for Fed¬
eral
taxes on income (less U. S. Treasury notes, series C, 1947. of
$400,000), $25,362; dividends payable, $431,732;
employees' deposits
for purchase of U. S. war savings bonds, series E (less bonds held for
resale .of $32,663), $19,929; reserves, $2,020,280;
common..<stock (par
$1)
$1,726,926; paid-in and other capital surplus, $4,077,265; earned
surplus, $8,294,508; total, $20,112,645.—V. 161. p. 47.
.
/
Colonial
$555,929
210,000
1944—Month—1943
256,660
$1,557,972
205,000.
U. S. bonds, notes
notes and accounts
receivable
(net), .$874,445; Icost-plus-fixed-fee
contracts, $6,848,548;
inventories, $3,399,642; property, plant and equipment, $3,715,378; de¬
posits, miscellaneous Investments and sundry receivables.
$180,027;
prepaid expenses and other deferred items, $163,645; patents, contract
rights, etc., and goodwill, $1; total,-$20,112,645.
:
7 7
deposits
certificates of-indebtedness,
See
$3,653,367
138,331
160, p. 2548.
*.f
1,583,883
r:
$1,663,730
Consolidated .Balance
Sharon
$4,113,744
___
depreciation
$51,123
$11,116,540
revenues
16.851,423
92,912
$2,788,236
400,0001
960,000
$2,063,730
—
income
Assets—Demand
and
eastern
corporation's
oper.
tConsoh
43,532,136
1,369,506
875,516
75,626
"Including billable costs and fees on-cost-plus-fixed-fee
and
104,163
corporation
Net income
—V.
$48,548,170 $20,458,226
$1,999,870
-63,860
Federal normal income tax Ac surtax
Canadian
$678,644
105,109
———
—
Period—
.Total
'
;
1,949,421
tlntangible development expenditures, depletion
$661,039
8,687
-
.
1943
1944
53,051,225
1,785,885
' 1,075,927
;
106,430
sell. & service expenses
Admin, & general expenses
deductions
^
2,168,988'
———
$59,810
Jan.
Inc.
3,500
3,500
2,500
2,500
l,50o
1,500
1,500
Ended/ Oct.*
i $58,019,339
Adver.,
Other
taxes,
—
$55,450
—
dividends
Operating
Operating
purchase are as follows:
Merrill Lynch, Pierce, Fenner & Beane
Union Securities Corp.—' A. C. Allyn & Co., Inc
E. H. Rollins & Sons, Inc.
Siade & McLeish
Tucker. Anthony & Co.____
G. H. Walker & Co
—
I
u——w--
—
.
sales——
Of
to
Income Statement, Years
"
sales
Cost
1943
$5,602,788
&
etc.——*
income
$47,189
_
Shares
5,000 7
5,000
5,000
5,000
A. G. Becker & Co., Inc.—
1(.
agreed
,
5,000
—
Glore, Forgan & Co
Harriman Ripley & Co., Inc.
'
has
Shares
10,000
5,000
7
V;
-
general'
'
Maintenance
two small wholly-
has
by the Government, until an order was issued on Feb. 14,
company's refrigerator stocks as at that date,
permitted it to continue production at a reduced rate (approximately
half of normal production) until April 30, 1942, -and ordered discon¬
tinuation of refrigerator production at the latter date.
Since April 30,
1942, the company has sold, under governmental restrictions and prin¬
cipally to the Government, a large majority of its refrigerators then on
hand and has also manufactured a limited number of refrigerators
at the direction of the Government.
Since April 30. 1942. however, the
Mellon Securities
1944
$6,282,732
•
geological,
exps.,
8,260
_
Ltd., which has handled
froze .the
shares
(Calif.)—Earnings—
6,518
Period End. Nov. 30—
tjme to time
of
a
to
.
—
Miscellaneous
$672,125
8,510
Operating revs-
products in Canada, and Hercules Products,
Ltd., which has been inactive since 1932 and owns a small unim¬
portant plant in Ontario. Canada.
•v
Subsequent to Aug. 1. 1941." the company's refrigerator business was 7
conducted on a curtailed basis under limitation orders issued from
number
$652,528
315
dividends
Operating
the company's
which
tax
ended.':
was
from $3,104,342
1941
income——™———
administrative
160, p. 2444.
Uncoil,
the principal product of
9
1942,
$59,495
353
Southern Bell Telephone & Telegraph
-
and, since shortly after the installation in 1934 of the
company's present management, and up to the war, the company
devoted its entire facilities to the production and sale of (a) house¬
;•
after
year
effect
Net
167,022
principally capacitors and filters,
the North Bergen-plant.—y, 160, p. 2760.
company
sale of
99,520
167,883
devices,
sisting principally of such patents, were transferred to the company).
Within a few years following the reorganization the absorption type
the
127,430
13,974
$55,097
income.
tion
a corporation part of the stock of which
the company in the reorganization and the balance
was dissolved In 1935 and its assets, con¬
extent,
17,100
-
.
Dec. 16,
corporation
minor
250,933
,
patent rights were owned by
a
271,749
of the pressure created by increased wartime demand for
the - cor..poration's products.
Upon the war's termination, Mr. Paschkes declared, eastern produc¬
patent rights were held with respect to the absorption type refrigerator,
commercial
production thereof was only in its initial stage (these v
to
19,500
The
reorganization, such corporations.were engaged principally in the manu¬
facture and sale of electrically driven compression type refrigerating
apparatus,
with certain other minor lines of products, and while
refrigerators
"Production,-; operating,
Superior Oil Co.
10 by Otto Pascnkes, President.
' .V$; v
acquisition will bring to four the number' of plants operated
by the corporation, the others being at West New York and Bayonne,
N, J., and at Chicago, 111.
Certain departments of the other New
Jersey units will be transferred to the new plant, thereby easing some
on
60,000 shs.
11,726,926 shs.
acquire, pursuant to a plan of reorganization, the assets of
Corp. (Del.) and its subsidiaries.
At the time of such
hold
for
company
Three Months Ended Nov. 30—
plant building containing 120,000 square feet of floor space at 15th St.
and Hudson County Boulevard, North Bergen, N.
J., it was announced
Servel
the
1944. •
the
Solar Mfg. Corp.—Expands Eastern Facilities—
Present Financing
to
History and Business—Company was organized in Delaware,
-refrigerator
Gross- operating
income-
income
Common
67,135 shares held in treasury.
by
136,621
251,095
deductions
Preferred
has 'authorized 100,000 shares of cumulative preferred
stock (no par), issuable in series, the first series of which,-consisting
of 60,000 shares of $4.50 cumulative preferred stock, is now offered.
which
920,833
Total
"■Company
acquired
11,
Completed
8321,525
for
1
$2,501,377
(net)—
oper.
Further
*100,000 shs.
—-7:777.-7
2,000,000 shs.
•
1929,
Dec.
on
the
of
recovered
contracts
war
2190.
p.
Balance
Utility
undertaken
par) ——;
$4.50 iCumul. pfd. stock
,
stock (par $1)—
Common
in
of
net
Authorized
was
income
167,810
18,313
14,032
post-war opportunities and requirements.
to
in. net
1,044,934
22,900
surtax
profits
Income
1927,
Government
paid
was
$2,683,429
V
18,622
15,660
■
'>>••".'/ V.
7*'.
to be received by the company
(approximately
added to the .company's general
funds and will be available for such purposes as the directors may
from time to time determine.
While present funds of the company
are adequate for the business now conducted,
it is considered desirable
that the company at this time provide itself with funds, in at least
the
amount
of the net
proceeds of this issue, with which to meet
The
which
1941,
the
renegotiation
$2,779,214.—V. 160.
254.324
tax
proceeds
$6,049,490) will be
of
_
Retirement res. accruals
:
tExclusive
_
taxes
Fed.
1,
Purpose—Estimated
pfd.
10,321
31.
reduction
78,813
reports
through
'
change.
Cumulative
$217,516
12,478
_—
247
company
credits
'■ 1944—12 Mos.—1943
1944—Month—1943
$236,870
98,082
revenues
Operation
V
Square D Co.—Renegotiation Proceedings
The
recently elected
was
Sierra Pacific Power Co.—Earnings-
Other income
Capitalization
^
Dec!
Oct. 1 and Jan. 1.
Listing—Company intends to make application in due course to list
the $4.50 cumulative preferred stock upon the New York Stock Ex¬
1, July
Oil Corp.—New Director—
Shell Union
before Oct, 31, 1949; $109.50
$109 thereafter and on or
1952;
$108 thereafter and on or before-Oct, 31, 1953; $107.50 after Oct; 31,
1953; plus, In each case, accrued dividends to the date of redemption;
The preferred stock will be entitled to a sinking fund sufficient to
retire 3per annum (commencing with the fiscal year ending Oct. 31,
1947) of the largest number of shares which at any time theretofore
shall have been outstanding, with credit for shares previously recired
otherwise than through the use of sinking fund moneys.
The sinking
fund redemption prices are:
$107.50 on or before Oct. 31. 1949; $107.25
thereafter and on or before Oct. 31, 1950; $107 thereafter and on or
before Oct. 31. 1951; $106.75 thereafter and on or before Oct. 31. 1952;
$106.50 thereafter and on or before Oct. 31. 1953; $r06.25 after Oct. 31,
1953; plus, in each case, accrued dividends to the date of redemption.
Dividends are cumulative from Jan. 1, 1945, and aie payable quar¬
following prices
before Oct.
:
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4351
ductions
____
Net. income.—
—V.
160,
p.
2795.
867,437
$1,021,743
$2,043,629 $11,303,770 $11,412,463
>
942,813
3,557,809
3,805,955
$1,100,816
$7,745,961
$7,606,508
THE COMMERCIAL & FINANCIAL CHRONICLE
248
United Engineering & Foundry Co.—Acquisition—
.
The
company
Machine
Dec.
on
Akron,
Co..
Consolidated Statement of Earned Surplus, Year Ended Oct.
Balance at Oct.
announced the
30
acquisition of the Adamson
producers for the rubber indus¬
machinery
Ohio,
plus of Canadian subsidiary in
wholly-owned
V.
the amount
of
the
will
outstanding
$169,800
be
Gerlach-Barklow
Unamort.
at
made
American
the
National
Bank
&
Trust
Co.
272,622
•
;
*
'
';
/
'
\:V! *'
■
V .-'V?
bond
paid in cash (70 cents
payable in cash
disc.
U. S. Industrial
of
1
-
I
at Oct.
31.
'
V
,
Balance
T'
quarterly dividend of 25 cents
stock,
value, both payable Feb.
v.
par
no
Assets-.-Cash,
1
$100,200;
360;
^
160, p. 2116.
1943.—■
1944 and
The
N.
States Rubber Co.-—To
will
company
v''
Mai'ch
about
C..
it
1.
was
announced
.
E.
by
G.
Brown,
2796.
of its lastex yarn and rubber thread division.—V. 160, p.
manager
prepaid
$353,803
Hunt, President, in the company's
in part:
management concluded that, in view of current
business and financial conditions, two things were of paramount im¬
portance to the corporation:, first,, the refunding of the then outstand*
ing bond issue maturing seven years hence so as to obtain a longer
maturity, and, second, in order to obtain lower interest rates and better
terms on
anv
new
refunding bonds, the consummation of the steps
necessary to convert the corpoiatioin from purely a holding company
to the status of a corporation directly owning and operating important
stockyards properties as well as controlling, through stock ownership,
other important stockyards companies.
Three of its subsidiaries, Fort
Worth Stock Yards Co., Milwaukee Stock Yards Co., and South San
Francisco Union Stock Yards Co. adopted programs of complete liquida¬
tion through which the United Stockyards Corp. became the direct
owner of the physical properties and assets of those
subsidiaries. The
corporation then negotiated the issuance and sale of refunding bonds,
thereby permitting the retirement oi the ihen outstanding bond issue.
On Oct. 27, 1944, the corporation issued and sold $4,700,000 principal
amount of 3%% first mortgage and collateral trust sinking fund bonds,
series A, dated Sept. 1. 1944. due Sept. 1. 1964.
These bonds were pur¬
chased by one of the leading life insurance companies at a price of 102
plus accrued interest.
The new indenture of mortgage constitutes a
first mortgage lien on all of the physical properties of the corporation
and a first lien by way of pledge of the capital stock owned by the
corporation, in the Saint Paul Union Stockyards Co. and The Sioux
City Stock Yards Co.
Simultaneously with the issuance.and sale of
these
bonds" the $4,687,000 principal • amount of 15-year collateral
trust 4!A% bonds, series A, due Oct. 1, 1951, were redeemed at the
call price of 101 Va plus accrued interest.
in
Early
the
1944
,
of U.
appointed
arbitration, board,
an
one
member
to
Savings bonds,
connection
at redemption
with
sale
value,
investment
ol
and
deferred
charges,
consummation
on
of
sale
of
investment
funds
($4,788,291) necessary to redeem the corporation's
4V4% bonds on Nov. 27, 1944 were paid to
Oct.'27. 1944.
The-trust indenture securing these
discharged on Oct. 27. 1944* ' .
•
Saint
ditional
on
Paul
1941
Union
Stockyards
Company
has
been
ad¬
assessed
Federal
income taxes in the amount of $247,845 before
That company is protesting the
proposed assessment and is
opinion that the amount, if any, to be
paid for additional 1941
income taxes will not be material in
amount.—V. 160,. p. 2117.
interest,
of
the
United Stores Corp.—Special
Offering—A special
fering of 1,500 shares of $6 convertible preferred stock
(no par)
Jan.
5,
made
was
at $99
the New York Stock Exchange,
on
share, with a commission of $1.50.
The stock, offered by
Eastman, Dillon. & Co., was over¬
subscribed.
,
per
in
the
received
were
made
elapsed time of five minutes.
for
1,760
shares,
basis of 85.2%. There
on a
and
Government
of
As
Ontario,
yards Corp. to accept, as
principal
value
amount
of
Dominion
of
$519,481,
and
Bonds
War
allotments
were
purchases by 11
10 the smallest.—
principal amount of first mortgages
properties, which properties were sold by the Union
Stock Yards of Toronto, Ltd. during United's ownership.
The corpora¬
tion agreed to this request and thereafter obtained
permission from the
Foreign Exchange Control Board of the Dominion of Canada to transfer
its share of the proceeds of sale into United States funds
rate of exchange.
On Nov. 20, 1944, United received
United
States
ihe
were
which
United
and
and
of
at
sold
from
to
.
first
sale
the
mortgages.
the
of
small
a
corporation
operations
soon
in
funds,
proceeds
were
Canada
In
of
this
in
Canada
States,
the
mortgages
be
the capital
our
to
case
excess
of
stock of the Union Stock
the
From the
its
investment
of
amount
Ltd.,
the
of
an
amount
3first
new
to
mortgage
fund bonds,
sei'ies A, was applied to such
received therefor at the time of
such
As
retirement.
been
of
reduced
Oct.
31.
As
to
1937,
Knudten,
'
t \
1
<
formerly
tools and
.District,
Lawrence
as
has
"<•
A -t
1
"V,
_
had outstanding
and
principal
collateral
trust
retirement at the
ized
price
$3,950,000
of
close 'of
the
its
3%%
new
first
fiscal
bonds
due
the
Secretary—
industrial
specialist
in
charge
-
his
of
time
his
to
duties
Utilities
A.
Corp;
.Appley,
above.—V.
Jerome Patterson
160,
p.
and
bonds due in
r^iv.-
Statement, Years
Ended
Oct.
'
•
income
'
'
Yardage
and
Gross profit
Other yard
RFC of
Income
q
2534.
p.
148.
income
7
;
from
have
604,652
Assets—Cash,
operations—
1
___
Total
_—
on
Amortization
$2,042d391
187,526
_____
bond
discount
sale
of
Miscellaneous
Normal
3%%
23 580
tax
income
Net income
;
7'
180,298
32 734
$770 493
$775 566
before minority interest
;
Equity of minority shareholders in net income
of subsidiary operating
companies
'
227,905
'
income
"Has
been
$542,588
revised
to
eliminate the
Other
Co.—Bond
sub-
sidiary from income from operations and to include
only the dividends
from it.
tThe provisions for
depreciation for the years ended
received
Oct.
31.
1944
amounted to
and
1943.
including charges to other
$392,711, respectively.
$402,597 arid
expense
accounts,
and
notes
accounts
receivable
(less
$150,000;
5%
stock
preferred
(134,854 shaies,
$100),
(par
earned
$1,666,459;
par),
no
recent
a
court
decision
lessor
certain
oi
of such decision
inv accruals
is
than
of
this
of
ly44
the company's
adjustment is a net
of
$336,362.
have
would
been
is
Tnc
liable
.verse
for
elfect
the
upon
offset
by the resultant reduc¬
estimated excess profits taxes.
for
result
months
Union
Western
companies.
more
addition
Without
$498,589,
this
which
to
aaju
earnings
ment,
for
tne
with
compares
the
net for
$385,212
the
first
and
eleven
months
surtax $854,000
limited
was
of
1944,
Provision
to normal
in
provided
was
and
addition
Federal
As
surtax.
to
for
provision
fo(' excess profits tax, after
for
of
the
the
taxes
result
income
on
of
further
in
ad-
involving Western
year,
Williams
also pointed out that the increase in gross operating
for. the first 11 months of 1944 reflects in part the additional
handrnd'm 1944 tnrough acquisition of
*
Earnings for November and'Year to Date
.
Period End. Nov, 30—
Gross
oper.
income,
Net
tax.
1944—Month—1943
$14,867,630
revs.__
1944—11 Mos.—1943
$14,754,939 $169,723,471 $143,968,205
bef.
inc.
on
1,098,098
1,091,422
17,175,781
inc.__
131,000
191,000
4,943,000
chgs._
498,589
385,212
6,839,860
adjustment___
336,362
tax.
on
inc.
aft.
months of
adj._
■
3,733.000
6,081,460
834.951
lessor
to
14,674,189
*
companies' income
1944.—V. 160, p. 2796.
applicable to first 11
taxes,
,
a
premium
"The
on Jan. 3 announced the election oi E. G. Partly, as
He is President of the Allerton Corp. and a director
companies.
From 1919 to 1938 he was first a partner in and
later President of Parsly Bros. & Co., Philadelphia,
and in 1939 he
became
Executive
Vice-President
of
Kobbe,
Gearhart &
Parsly.—
V. 161, p. 148.
company
Vice-President.
in other
.
issued to the
(R. II.) White Corp., Boston—Stock Increased—
The
stock
stockholders at
from
$100
1,000
recent
a
10,000
to
preferred
par
and
shares
The
to be sold for
are
meeting voted to increase the
no-par
stock.
additional
cash, it
was
to
issue
common
common
25,000
shares
the
and
pre¬
reported.-—V. 160, p.-2796.
1944—12 Mos.—1943
Wisconson Central Ry.—November Earnings—
Issue
Authorized—
oper.
Rwy.
oper.
Rwy.
tax
V
■
the
ICC
.
•.
issue
State of New-Hampshire has
$11,000,000 first mortgage series A
the
7;7';777-:-7•/'
'
.
_
..
..
'V'.
1944—Month—1943
$1,108,454
—1
434,066
180.494
expenses
taxes
V
'7..- ' V-
"
v
:7v
'
ry/oper.
-
r
inc.—
;
53.272
-
4,574 $19,944,858
15,001,346
12,935,367
0)439
2,759,307
2,*
42,437
=603,750
320,538
$441,531
$183,984
Other income
Total
Misc.
;
q :
$1,105,836 $13,221,738
408,647
'
5,428,066
income—■
deducts,
6,333
$2,829,039
$3,929,646
6,088
68,365
$447,669
$2,897,404
,
from
$190,317
q
60,729
.
$3,990,375
964
3,887
218,318
13,565
163,296
164,018
1,802,086
1,809,682
$26,057
inc.
charges———'
Net
1944—12 Mos.—1943
—V.
income—
161,
51.
p.
——
-
$279,764
$877,000
$2,167,128
'
.
,
,
:
:
$12,696,981
4,921,792
103,212
1.841,563
1,238,128
1,207,282
90,920
1,086,384
1,096,409'
$310,971
$412,129
$3,627,597'
$4,121,613'
3,185
36,479
52,280
$415,314.
73,029
$3,664,076
$4,173,901
1,173,140
(F. W.) Woclworth Co.—December Sales—
1,349,885
90,928
90,313
887,237
Period End. Dec. 31—
194.4—Month-^-1943
•
Sales
r__
183,843
$20,5
■
reserve
appropriation
•
1944—11 Mos.—1943
1,201,869
213,542
accruals-'—-
(net)
Fixed
;
92,610
taxes
$1,869,730
1,323,606
exps—
at
148.
..
to
1944—Month—1943
$1,774,404
revs.—.—
the
of
that State
by
be-sold
revenues____,
Prop, retirement
■
1944—12 Mos.—1943
$67,592,438 $61,765,080$459,343,835$439,0I0,327
—V.
100,
P-
2656.
"
Net:
Other
oper.
revs.______
income
Gross
(net)
.
3,195
income—$314,166
250,251
$525,315
1
Oct. 31, 1941
Williams, president, states:
Period End. Nov. 30—
authorized
161, p.
I
.
Interest
operations of the Canadian
contingencies,
taxes
revenues
charges
104,565
•
Wyandotte Worsted Co.—New Director—
Cornelius Shields was
Net income__________
$209,601
Misc. reservations of net
income
________
$342,285
$2,490,938
$3,286,664
L.
______
Balance
Dividends
$209,601
$342,285
applic. to pfd. Stock for period—____
160, p. 2655.
Q. Davis.has been
300,000
$2,190,938
$3,286,664
622,518
622 518
p.
51.
named Vice-Fresident of this company, which
the southwest, it was announced
Chairman of the board.' He will assist
become President of the company.
operates
a
motor freight line serving
Jan.
8
by
on
—V.
recently elected a director.--V. 161,
Yellow Transit Co.—New Vice-President—
•
Net
trade
was
$90,000 debt
comparing
1944,
,
'
*
/;;
Department
for sale in
See also V.
Federal
33,735
_____
N.
In
Washington Water Power Co.—Earnings—
~~9~073
508,213
tax.
been
Period End. Nov. 30—
546,770
taxes
has
Insurance
■
Operating
______—570,278
$3,243,732;
in
in Nov. 1943,
$13,551,766 $13,709,489$120,299,44i$114,951,356
mortgage 2%%. bonds to
Operating
8 648
9,633
.
Excess profits
State
bonds
respectively, in 1943,
refund
No
deducting
refund
tax
Western Union Telegraph Co.—Earnings
A.
\ Under
Net
first
'7
'
income:
excessive.
tAfter
surplus, $1,513,254; total, $8,462,316.—V. 160, p. 2656.
of
1944—Month—1943
2655.
company
bonds.
.
23 894
expense..
for
reserve
Rents
The
292,602
charges
on
p.
approved
$1,860,938
Exps. of bond refunding, less premiums received
Federal taxes
200,376'
not
are
year.
$61,049 post-war
$3,365,300; Common stock
100.81, and the proceeds,
together with other funds, used to retire. $11,915,000 of first mortgage
bonds maturing Feb. 1.
•
v'%77
~$l7660,563
-
fiscal
1943
and
Liabilities—Accounts payable, $522,925; dividend on preferred stock,
$42,066; accrued local, State and Fed. cap. stock taxes, $70,478; interest
accrued, $521; Federal taxes (less U. S. Treasury tax savings notes of
$1,089,944), ,$631,313; notes payable to banks (due 1946-49), $500,000;
$11,000,000
of
$5,419,527'
305,786
_
and
were
,
—
160,
The.
" 3,758,964
$2,230,417
bonds
of
$6,401,653
$3.20
charges. $68,810; total, $8,462,316.
Rwy.
599',248
4,358,761
This represents
The bonds
"1943
97s 975
income
Interest
;
Period End. Dec. 31—
$3,841,304
(net>_—r_
transactions
Walgreen Co.—December Sales-
—V.
1,171 751
134,854
$3.39
reserve
of $50,800), $663,989;
inventories (less reserve of $366,037),
$1,412,150; investments and other assets. $417,789; property, plant and
equipment
(less
depreciation
of
$2,647,558),
$2,655,847;
deferred
ferred shares
.
\
the
credit
"Incident
Smith
$600,787
134,854"
Balance Sheet,
"Net
RFC in the reorganization of the Wabash
Ry. to replace
advanced by the RFC in-1932 and 1933.—V.
161,
1964.
________—$4,625,249
sales of feed and
bedding.
on
_________
on
:
$185,155.
Washington Terminal
weighing
Total gross Income—
(Operating expenses, etc., gen. taxes &
deprec.
Other
1944
$624,986
:
;
with $60,P00-and
$44,139,
loans
•
31
from operations!
in-
retirement
Fed.
Marion W.
1,236,233
2655,
p.
101.75 and accrued interest.
to the
*
Sales
Consolidated Income
negotiable
necessary
of
General
as
w
1,659.577
shares—,
share___,
Oper.
all
•
-
(J; G.) White & Co., Inc.—New Vice-President—
corporatioin
vear,
1951.-
$6,200,000 414%
in
on
business
Wabash
sinking
same
—1—_
common
per
150,000
profits taxes
excess
1943 'V
$1,837,020
$2,434,563
.
."Subject to renegotiation; the corporation believes that profits real¬
Mr.
i
RR.—RFC Sells Bonds—Jesse Jones, Secre¬
tary of Commerce, announced Jan. 7 that the RFC has
7sold t to
Metropolitan Life Insurance Co. $10,580,300
first mortgage 4% bonds, series
A, due Jan. 1, 1971, at
the
$1,209,759
$700,000
etc
Union's liability for income taxes of certain lessu.
mpanies for past
years, It is anticipated that liability for excess profits tax for the year
J1944 will be eliminated, but such adjustments, it is expected^ will be
made through surplus and thus will not affect the net income for 1944.
other production equipment for the Chicago
been
elected
Secretary, succeeding
W.
J.
been elected directors.—V. 160,
sale, plus accrued interest to the date
Dec. 15, the corporation's
long-term debt
of
the
retire
of
Ket inc. Incl.
Yards of
sufficient
profit
Number
Vick Chemical Co.—Three New Directors-
proceeds of the sale of the stock of the Union Stock Yards
Toronto.
has
J.
See.Colonial
Bonds
arbitration board,
and
1944
•
,
income 'taxes,
income
Earnings
Fed.
Toronto,-Ltd.
This
profit, less a provision of $98,000 for Federal income taxes applicable
thereto, has been credited directly to earned surplus.
of
Herbert
in
sold
"Net
1943
Vermont Utilities, Inc.—Sale of Control—
possible.
After taking into account an estimated possible loss
disposal of the mortgages and providing for all expenses of the
the
of
*'
1
-
par
Stationery Corp.—Earnings—•
„
:.i'justments to be made before the close
amount
War
will
' f
Stevenson, who will devote
Counsel.—V. 160, p. 2446.
order to completely remove the
to confine all of their business
and
f>,'\
*
„
Utah Radio Products Co.—New
issued to the RFC at
were
for- contingencies,
tFederal
as
preparation and presentation of
corporation realized $379,622 in
in
Included
Dominion
profit.
United
^
at the official
$1,597,653
mortgage debt,
before
normal
B. Griffin, Vice-President
and director, has been, elevated
position of Senior Vice-President, and Robert L. Boyd has been
Vice-President in charge of operations, it was announced on
Jan. 8 by William H. Yates, President.
Mr. Boyd was formerly General
Manager of operations,—V. 160, p. 2655,
Ordnance
$100,498
residential
on
Profit
Provision
November
the
sales of machine
market
the
at
The winning bid, highest of four re¬
The bonds, representing the road's
102.835.
Years Ended Oct. 31—
11
elected
from
Canada
of
RR.—Bonds
Western Tablet &
k
tion
Robert
to
condition
a
stores
portion of the issue by the-winning bidder.—V. 161,
148.
The
Bids
United Wallpaper, Inc.—Officials Prpmoted--r
Toronto. Ltd. was sold
July 1, 1944, payment to be
to this sale, the Provincial 1
Canada, the purchaser, asked United Stock¬
7
part payment of its pro rata share, $515,000
funds.
accounts as
operated
2796.
agent for
deducting post-war refund.
The capital stock of the Union Stock Yards of
plus interest, at. 5%
retail
p.
award of
was
earnings
17
were
firms; 655 was'the largest allotment,
V. 160, p. 1336.
proceedings, and after intensive negotiations, that Gov¬
ernment agreed to purchase the capital stock of the Union Stock Yards
of Toronto, Ltd. owned by. the corporatioin and the minority stock¬
holders.
The Union Stock Yards of Toronto, Ltd. had outstanding
a
total of 15,000 shares of capital stock, of which the corporation
owned 13,684 shares, or 91.226%. ■'
/,
in .Canadian
wholesale
of
160,
any
p.
income
the arbitration
$2,000,000,
Number
incident to the reorganization of the system and in set¬
tlement of claims.
There was no public reoffering of
Cana¬
in
Pacific
as
entire first
total,
$115,641;
Treasury tax notes), $768,246; 33/4% mortgage and
sinking fund bonds, series A. due Sept. 1, 1964. includ¬
trustee
was
The
the corporation, one member by the Provincial Government
of Ontario. Canada, and those two selected the third' member.
During
for
1,481
before.—V.
ceived,
November, 1944), $1,665,inventories, $604,907; investments,
collateral*trust
bond
bonds
selected by
made
earlier.
year
poration Jan.-8.-
in.
in
an
Note—-The
15-year
the
which was
of
20,177,000
Sold—Bear, Stearns &
a group of institutional investors,
$10,000,000 first mortgage 4% bonds,
series A, dated Jan. l,r 1939, due Jan.
1, 1974. The issue
was put up for sale
by the Reconstruction Finance Cor¬
-
$19,895,737.
of
was
S.
in
Oct.-31, 1944
S.
trust
dividends
authority provided in a law enacted by the Provincial GovOntario. Canada, on May 11, 1944, the properties, assets
and business of the Union Stock Yards of Toronto, Ltd.. a subsidiary,
were expropriated by that Government on July 1,
1944.
Subsequently
there
year
a
the
won
amount not in excess of $500,000 on
.preferred stock),
$1,692,886; earned surplus, $424,470;
less—reacquired preferred- stock
(4,000 shares at cost), Z>7$43,000; total
Under
ernment
serviced
company
a
Co., acting
178,297
.
'
subsidiary (principal and premium) cf $714,000 and deposit re¬
quired Feb.-1,* 1945 of $50,000;-(annual sinking fund
payments to aggre¬
gate $50,000 plus interest on bonds purchased out of
sinking fund
plus one-half of the amount of common stock dividends
paid in any
year in
excess of 40
cents per share),
$4,714,000; Saint Paul Union
Stockyards Co. first mortage 3*4% sinking fund
bonds, due Sept. 1.
1955, $1,110,000; The Sioux City-Stock1 Yards
Co., 4% first mortgage
15-year bonds due April 1. 3951. $1,000,000; Saint
Joseph Stock Yards
Co. first mortgage 3Vz%
12-year sinking fund bonds, spries A. due
July 1. 1951, $350,000; equity of
minority interests in subsidiary com¬
panies, $3,955,926; preferred stock (440.000 shares no
par), $4,652,500;
common
stock ($1 par value),
$374,000; paid-in surplus (limited as to
*
'
.
the
$26,039,000
21,750,000
$4,542,000 $47,180,000 $46,216,000
1,467
dian
annual_report, said
.
,
.
Report—David F.
Corp.—Annual
U.
(proceeds received
expenses
ing amount required
Stockyards
31
with
Western
131.322
'
•
(
$424,470':
Sheet,
accounts
collateral
United
\
1 *■
Liabilities—Accounts payable, $439,140; dividend on common stock*
payable-on Dec; 5, 1944, $93,500; accrued salaries, wages, miscellaneous
taxes, etc.. $364,070; accrued Federal and State income taxes (less
Burlington,
general
in
operations
$4,997,000
against 239
240
was
$19,895,737.
Operations—•
Increase
manufacturing
start
4
v
Balance
receivable
subsidiary
$15,149,854;
United
compared
93,500
receivable, $297,106;
non-current-receivables,- etc, • $91,119; property, plant and equipment,
including real estate not used in stockyards operations (after deducting
excess
of underlying book value at time, of
acquisition of equities in
subsidiary companies consolidated over cost thereof—net of $1,115,337),
per share on the common
holders of record Jan. 15.
to
payments were made in each quarter during
As -of .Dec.
305,200
share)
per
1944.._'____
$1,871,551;
amount
Canadian
a
of 25 cents per share
dividend
extra
an
share).—
per
cents
1,505,000
bond
Chemicals, Inc.—Extra Dividend—
declared
have
and the usual
Similar
Combined sales
1944—12 Mos.—1943
$3,037,000 $25,430,000
1,730,000
______
&
Consolidated
The directors
(25
$85,000
Chicago, successor trustee, 33 North La Salle St., Chicago, 111.—V. 160,
156.
div.
$3,267,000
sales
subsidiary,
of $98,000 applicable thereto__
exp. on redeemed bond issue and
redemption premium (less Federal income taxes of
applicable thereto).
Write-off of organization and financing expenses—:
(predecessor
Co.
stock divs.
stock
Common
1944—Month—1943
sales
Wholesale
$1,132,788
Preferred
(Inc.)—Debentures Call.
-
p.
Retail
.
company) 6% gold debentures due as extended Feb. lr 1950, have been
called for redemption on Feb.
1, next, at 102V4 and interest. . Pay¬
ment
Period End. Dec. 31—
542.588
Total
of
Western Auto Supply Co.—December Sales—
•
$317,578
ended Oct. 31. 1944-__r„________.
year
less Federal income taxes
United Printers & Publishers
All
31, 1944
sur-
$16,108)__
Profit realized on sale.of investment in Canadian
P.' 2584.
160.
income for the
Net
It will be reorganized as the Adamson United Co.,
subsidiary of United Engineering & Foundry Co.—
try, for $1,500,000.
a
(adjusted to eliminate earned
1943
31.
Monday, January 15, 1945
Evans
Mr.
A.
Nash
Davis
A.
who
was
Freight System
W.
Porter,
has
associated
in the
operation of the Tnter-State Motor
and other motor carriers.
-
:
Volume 161
THE COMMERCIAL & FINANCIAL CHRONICLE
:-v'Numbef,'"4S-51
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State and
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;>-v«
24£
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City Department
BOND PROPOSALS AND NEGOTIATIONS
St. Francis Levee District, Ark.
Creighton School District No,
(Pi O. Phoenix), Arizona
h
Other Bids—The
$45,000 school
bonds awarded Dec. 29 to Kirby L.
Vidrine
&
Co., Phoenix, and the
of *
Bank
Douglas, of Douglas,
jointly, at par, for $15,000 2s, $15,000 1V2S and $15,000 Is, a net in¬
terest cost of about 1.3%, as pre¬
viously reported in v. 161, p. 149,
bid
also
were
for
cial
tion
Co., for $45,000,
1S/4S, at 100.19, net interest cost
1.71%.
:
v v-.v"
Refsnes, Ely, Beck & Co., for
$45,000, 1%, at 100.13; net interest cost 1.72%.-'
•
•
"After the
13/4S, at 100.015;
1.74%. 1
net inerest
cost
Durand
& Co., for $15,000, 3s,
$30,000, l%s, at par, a net in¬
and
Poinsett
terest cost 1.91%.
Lee
and
Maricopa County Sch. Dist, No, 7
(P. O. Phoenix), Ariz.
a.m.
on
29, by J. E. De Souza, Clerk of the
Board of Supervisors, for the pur¬
chase
of
$9,000 coupon school
bonds.
Interest rate is not to
Contra
pipelines from
Capitan res¬
ervoirs, where Colorado river wa¬
ter is to be stored, the city will
not be in a position to take full
advantage of the new supply of
water, the council was told.
Rhodes said that he had spent
Monday at a meeting of interior
department, army and navy engi¬
in
neers
4%, payable J-D. Denomi¬
$1,000. Dated Dec. 1, 1944.
June 1, as follows: $1,000
in 1945, and $2,000 in 1946 to 1949,
"Things
are
moving,"
said
Rhodes, stating that Capt. Alden
K. Fogg, public works officer for
the naval district, Will try to com¬
plete the aqueduct, to be built by
the navy with federal funds, with¬
in 16 months.
col¬
sub¬
incl.
No
bids
for
than
less
bonds
Nov.
election
held
reservoir
the
at
cost
of
Election
"We
templating an election on bonds to
finance a municipal water works
extension.
It
is
estimated
the
project will cost between $30,000
and $40,000.
Long Beach, California
Callable
Bonds
Approved
Flotation—Councilmen
for
are
Taxes
ommendation
of
City
Manager
Samuel E. Vickers that $4,550,000
in 1944 attained an all-time
O
from
Treasurer's office.
$3,629,245.57 in December, 1943,
$3,464,032.31 in December, 1944.
in
auto. license
increase in
lections^ was
shown
in
Liquor tax
Bond
fees
an
should
those
$121,541.53 in December, 1944.
Jan. 16 the voters will consider
issue of $250,000 not to exceed
4%
report.
showed a
similar increase of $44,441.83 from
$77,099.70 in December, 1943, to
149—were awarded
Bank & Trust Co.,
161,
p.
Home
interest
sewer
..
improvement
bonds.
i
San Diego,
California
own
the
such installa¬
a
city manager that the
"moral" if not a legal
obligation to
Settlement of
urged a week ago
by. the Stockton Clearing House
Association to "preserve the good
name
and financial integrity of
the City/'
/
the claim
•Face
pay.
was
value
of
|
S6,000,000 Bond Issue Advocated
$8,000
and
the
I
Recommendation
upon
the
date
that
the
city
program, of developing the State's
economic and social resources.
Without
of
suggesting what type
favored, the new
taxes he
new
Governor
asserted
"must
found"
be
health,
expended
York, 0.375%; R. L. Day & Co.,
0.379%; First National Bank of
Boston, 0.39%; Day, Stoddard &
Williams, 0.40%; Goldman, Sachs
& Co., 0.41%.
pon
Milford, Connecticut
to
$239,000
made
urer
total
as
debt
with
was
the
reduced
payments
of Jan. 1 by Town Treas¬
David A.
its
to
Clarke, cutting the
lowest
level
of
the
The town will still
past decade.
the
bonds
accrued
of
is
interest
expiration,
cordance
with
ternls
of
the
ex¬
change offer.
Outstanding obli¬
gations are dated Jan. 1,1933, call¬
able on any interest date and bear
21/2%
interest to Jan. 1,
1947,
increasing periodically thereafter
until
the
rate
reaches 5%.
The
operation will permit
the city to stabilize interest rate
refunding
on
its bonded indebtedness at 3%
and affect
ment
a
balanced debt retire¬
The refundings
are dated July 1, 1944, and mature
Jan. 1, 1975.
Of the entire issue,
$109,000 series A are callable at
par and accrued interest on. any
interest date on 30 days' published
notice; $300,000 series B, Nos. -Mo
300, callable at par and interest
on
any interest date on or after
July 1, 1949; $761,000 series B,
bearing Nos. 301 to 1061, are re¬
deemable at par and interest on
any interest date on or after July
1, 1954.
Principal and interest
(J-J) payable at the Central Han¬
over Bank & Trust Co.,. New York
City.
These bonds issued to re¬
program.
revenue must
wisely
so
as
be
to permit
not as a bur¬
rather as a
paying investment."
.
Fort Myers,
Florida
Bond Sale—The $2,800,000 cou¬
refunding bonds of 1944 for
which
Nov.
sold
no
bids
19—v.
were
160,
received
2233—were
p.
Dec 29 to Crummer & Co.
on
of
Orlando,
basis
3s, at a price of 98,
as
of
about
The
3.119%.
bonds consist of the following:
Effected—The
Reduction
bonded
the
business to regard it,
den or a loss, but
Darien, at 0.33% discount, plus a
premium of $1.
Dated Jan. 11,
1945, and due May 15, 1945. Other
bids: National City Bank of New
Debt
revenue
extend
education, adver¬
sonable—the tax
sound
town's
that
to
new taxes are levied,
said, "must not only be rea¬
he
Note Sale—The $150,000 tax an¬
ticipation notes notes offered Jan.
the
of revenue to carry out a
sources
Whatever
Darien, Connecticut
to
in
new
tising and conservation activities.
CONNECTICUT
9—v.
Caldwell
inaugural address urged
State's
■
city has
election
an
to
yearly
collections
Election—At
on
gasoline tax col¬
similar
the
able at his office in San Luis.
•
with
/
Pomona, California
to
decrease
Called—It is reported
County Treasurer J. M. Espinoza called for payment on Dec.
20, various ordinary county rev¬
enue, road purpose revenue and
school district warrants, all pay¬
that
have due six payments of $17,000
outright," he said.
each on the central sewage sys¬
The
city manager quoted at
tem, these falling due on Dec. 1
length from a report made by
of each year, along with one more
Fred D. Pyle, city hydraulic en¬
payment of $15,000 on the main
gineer, recommending the $6,000,fire station; two of $4,000 on the
000 bond issue.
police building; one of $10,000 on
j
Pyle's report said that during
the portable schools; and eight at
last summer the El Capitan pipeline had delivered an average of $13,000 on the West Shore Boule¬
vard, these falling due on May 1 of
19,000,000 gallons a day, and that
there had been delivered through every year.
the
facilities
of
the
La
Mesa,
FLORIDA
Lemon Grove and Spring Valley
Dunedin, Florida
"
irrigation district an average of
about 12,000,000 gallons a day, a
Refunding Issue Details—Shields
total of 31,000,000 gallons.
This, & Co., New York are handling a
he said, can be increased by about debt refunding operation for the
4,000,000 gallons a day by opera¬ city, whereby $1,170,000 of 3% re¬
tion
of
the
Alvarado pumping funding bonds of 1944 are being
offered to holders of original in¬
plant.
debtedness at par for par in ac¬
Stockton, California
high worth of bonds voted in the Nov.
$36,330,369.35, an increase of 7 election should be of the 10-year
$206,647.19 over comparable fig¬ callable type and authorized the
ure in the previous year, accord¬
municipal attorney to write the
ing to a report issued by Murray ordinance.
B.
McLeod, Revenue Commis¬
Viickers pointed
out that' by
sioner.
j ':
making
the
bonds
callable it
would cost the city approximately
^ Gasoline
taxes showed an in¬
Outlawed Bonds May Be Paidone-tenth of 1% or $25,000.
crease of $319,623.24, despite a re¬
City Manager W. B. Hogan and
If the bonds are retired in 1950
duction
of
$555,463.09 in auto
City Auditor William Riddell rec¬
license fees.
Mr. McLeod said as expected from the funds from
ommended to the City Council
that the discrepancy could be at¬ upland oil wells, he said, the city
recently that the city redeem 10
tributed to the large number of would save $60,000 or a net of
"outlawed" municipal bonds even
out-of-State
cars
in the State. $35,000.: ■
though the status of limitations
The bonds will be of
Out-of-State cars are allowed to
$1,000
technically has relieved the city
operate for 90 days without an valuation each and be callable on of the
obligation of doing so.
Arkansas license, he said. License 60 days notice, according to the
As a result, a resolution was in¬
fee collections in 1944 were $3,- city
manager's recommendation. troduced to redeem the bonds and
368,198.93, as compared with $3,- They would be for bridges and pay the accrued
interest, amount¬
923,662.02 in 1943.
Gasoline tax storm drains.
ing in all to $15,462.50, from the
The
collections increased to $10,566,city
manager
estimated
unappropriated surplus fund.
011.89 in 1944, from $10,246,388.65 that the bonds, with the present
The resolution states, in part,
in
1943.
Despite
the
alleged annual income of $915,000 from
that while the bonds and interest
shortage' of liquor, taxes collected the upland wells, could be paid
in 1944 amounted to $1,573,672.76, off by 1950.
He told councilmen coupons were not presented with¬
in the four-year statutory period
that he favored the short term
an increase of $448,512.47 over the
after becoming due, "the City of
1943
collection of $1,125,160.29. bonds because the interest rate
Stockton borrowed the principal
This included levies on wines, was most favorable.
sums of money represented by the
gin, rum and brandy.
Sales tax Nevada Irrigation District (P. O. bonds and
should, in good faith,
collections amounted to $10,114,r
Grass
Valley), Calif,
repay" them, together with the
874.61, an increase of $162,508.09
Bond Call—The Board of Direc¬ interest due at the time of their
over
1943 collections of $9,952,tors is said to have called for pay¬
expiration.
366.52.
Beer permit fees showed
ment as of Jan. 1, the First Re¬
Riddell expressed the opinion
a sharp decline of $7,735 from the
funding Issue bonds, N'os. R1 to that, the taxpayers of the city in
1943 figure of $58,910.
Liquor
R152, to the amount of $152,000. general had received the benefit
permit fees amounted to $196,- Dated1
Sept. 1, 1931. Said bonds in the general tax rate from the
315.27, an increase. of $10,230.24
ar$^ redeemable at par and ac- amount outlawed by the council
over 1943.
cr^^j .interest at the District several years ago and concurred
of
and
Warrants
•
-
said to have concurred in the rec¬
Yield at New
High—Income from special taxes
A
District
Sources Urged—
Governor Millard F.
his
School
and
tions
Contemplated—
The City Council is said to be con¬
New
decreased
County
federal
agencies, Rhodes said that the cost
of
new
pipelines between
the
city's reservoirs and the city's dis¬
tribution system should be borne
by the city. '
/ i
on
Firebaugh, California
Bond
ARKANSAS
collection
County (P. O. San Luis),
Colo.
is to be delivered to San Vincente
par
Arkansas (State of)
Tax
Florida (State of)
.
livery will be considered. The
purchaser will be furnished with
a certified copy of the transcript
of the proceedings so that the
same may be passed upon by his
attorney, A certified check for 5%
of the amount bid, payable to the
County Treasurer, is required.
Special
the
.
New Revenue
Costilla
York
Masslich & Mitchell of New
a
17.
and accrued interest to date of de¬
.
at
City.
While the Colorado river water
ance
on
con¬
struction of the $17,500,000 aque¬
stated
is
at 11th Naval district head¬
duct.
that the voters rejected the issu¬
of the $59,000 construction
nation
Due
Defeated—It
new
quarters here to prepare for
Costa County, Concord
Bonds
finished
Without the
(P. O. Martinez), Calif ornia
ex¬
is
San Vincente and El
Elementary School District
ceed
the Colorado river aque¬
in the spring of
as
1947.
CALIFORNIA
Jan.
the death of the heir,
a
COLORADO
should
work
soon
Bond Offering—Sealed bids will
be received until 10
offering the new bonds for imme¬
diate
exchange, subject to ap¬
proval of all legal proceedings by
placed in
A. Rhodes,
duct
Counties
amounted to $503,259.
Final
lection reports have not been
mitted.
•
Citys Coun¬
Dec. 16 by Fred
proceed, said
Rhodes, with sufficient speed to
be completed and ready for use as
organiza¬
retirement
bond
of
transmitted to the
on
The
Byler
Mr.
1893,"
The bonds had been
safety deposit box by
an heir of the original owner and
were only recently uncovered on
by $7,462.50.
$6,000,000
construction
for
acting city manager.
January the indebtedness will be
less than $2.50 per acre," he said.
Assessments made by the dis¬
trict
last
year
in
Crittenden,
Cross,
St.
Francis, Mississippi,
Tafeot,for $45,000,
Hannaford &
cil
approximately
98%
of
assess¬
ments, leaving a delinquency of
only 2% for 1944.
"The peak bonded indebtedness
of the district Was $6,010,000.
At
present it amounts- to $4,476,000
with $1,534,000 in bonds having
already been retired.
&
■
in
its
since
provide
issues
pipelines and a water treatment
plant
and regulating reservoir
was
said.
"Tax collections for the past few
years
have
been
exceptionally
good and for the past year will be
Refsnes, Ely, Beck & Co., for
$10,000 2s, and $35,000 l%s, at
100.01; net interest cost 1.53%.
Boettcher
condition
promptly
bond
of
$150,000 bonds on Jan. 1 reduced
the' district's outstanding debt on
that date to $4,326,000, according
to W. O. Byler, West Memphis,
Secretary-Treasurer of the unit.
"The district is in its best finan¬
follows:
as
,
Reduced— Payment
Debt
14
$1,300,000 Series A bonds. Due
April 1, as follows: $35,000 in
1946 and 1947, $40,000 in 1948 to
1851, $45,000 in 1952 to 1955, $50,000 in 1956 to
1959, $55,000 in 1960
1962, $60,000 in 1963 and 1964,
$65,000 in 1965 to 1967 and $70,-
to
000 in
1968 to 1970.
$1,500,000 Series B bonds. Due
on April
1, 1978.
Subpect to re¬
demption upon 30
days'
prior
notice
published
in
Myers
Fort
and in New York
accrued
city, at par and
interest, either in whole
on
any
date not
earlier
than
April 1, 1949, or in part by lot on
any
interest payment date not
earlier than April 1, 1949; pro¬
vided, however, that if the city
shall exercise such right of re¬
demption on or before Oct. 1, 1968,
it will pay to the holders of the
bonds; so redeemed not only the
prineip^X : amount of said bonds
and
the
interest
date-loF'-such
rate borne
thereon
to
the
redemption at the
by the bonds but also
additional interest
such princi¬
on
pal amount for the 2
imme¬
diately preceding such redemption
years
date at the rate of 2% per annum
if such right of
be exercised on
redemption shall
or before Oct. 1,
1953; at the rate of 1V2 % per annum
if such right of redemption shall
be exercised thereafter and
on
or
before Oct. 1, 1958; at the rate of
1% per annum if such right of re¬
demption shall be exercised there¬
after and on or before Oct 1, 1963;:
and at
the rate of
annum
if
such
%
of 1%
per
right of redemp¬
tion shall be exercised thereafter
and
on
or
before Oct. 1, 1968.
Bonds
Purchased—The
city
purchased by tender on Jan. 2, for
a
price of $2,060.75, refunding
bonds of 1939 with
a
face value of
$2,087.50.
Offers of $11,000 prin¬
cipal amount of bonds at par were
rejected. ;
,
Groveland, Florida
Bond
Issue
uled issue of
Details—A
sched¬
$119,500 4% refund¬
ing bonds will be dated Dec. 1,
1943, in $500 denominations and
fund a like
principal/amount of mature in 1973. Optional on any
presently Ojatstari^ihgf'qbligations, interest date.
Principal and in¬
in the opinion of counsel, will be
terest (J-D) payable at the Na¬
valid and
legally^ binding obliga¬ tional City Bank, New York City.
tions of the city .for ,the payment
Legal opinion of Caldwell, Mar¬
of the bonds and the interest on
shall, Trimble and Mitchell of
which the city has power and is
New York City.
obligated to
levy
ad valorem
Miami, Fla.
taxes, without limitation as to rate
Bond Sale—The coupon serniJ
or amount for the series B bonds
annual bonds aggregating $10,and within the limits fixed by law
for the series A bonds, upon all 000,000, offered for sale on Jan.
the taxable property therein, in¬ 10—v. 161, p. 52—were awarded
to- a syndicate composed of Smith,
cluding homesteads.
Shields & Co., New York, are Barney & Co., Blyth & Co., Har.
THE COMMERCIAL & FINANCIAL CHRONICLE
250
riman
Ripley & Co., Inc., Phelps,
Co., Paine, Webber, Jack¬
son
& Curtis, F. S. Moseley &
Co., R. W. Pressprich & Co.,
Feiin &
White, Weld & Co., Eastman, Dil¬
Wis¬
consin Co., of Milwaukee, W. E.
Hutton & Co., of New York, Mil¬
waukee Co., of Milwaukee, First
of Michigan Corp., Merrill Lynch,
Pierce, Fenner & Beane, both of
New York, Stern Bros. & Co., of
lon & Co., all of New York,
Kansas
City,
Miller
Hayden,
$7,500,000 water revenue refund¬
ing bonds, divided: $1,010,000
maturing Dec. 1, $240,000 in
1945, $250,000 in 1946, $260,000 in 1947 and 1948, as 4s,
$270,000
maturing Dec.
1,
1949, as 1 V2s, $4,990,000 maturing
Dec.
1, $280,000 in
1950
and
1951, $290,000 in
^
1952, $300,000 in 1953, $310,000 in 1954 and 1955, $320,000
in
1956,
$330,000 in
1957,
V
.
$340,000 in 1958, $350,000 ih
1959, $360,000 in 1960, $370,000 in 1961, $380,000 in 1962
and 1963, $390,000 in 1964, as
l%s, and $1,230,000 maturing
Dec.
1,
$400,000
in
1965,
$410,000 in 1966, and $420,000
■::' in 1967, as 2s. ■,
-j ■
water revenue, series
1944 bonds, divided: $120,000
maturing $60,000 Dec. 1, 1947
and 1948, as 4s, $70,000 ma¬
turing Dec. 1, 1949, as l^s,
$1,210,000 maturing Dec. 1,
$70,000 in 1950 to 1954; $80,000 in 1955 to 1959, $90,000
in 1960 to 1963, $100,000 in
1964, as l%s, and $1,100,000
maturing Dec. 1, $100,000 in
2,500,000
:
•
1965 to
1
Interest
for
1967, $110,000 in 1968
1971, and $120,000 in 1972
to, 1974,. as 2s.•:; v'.:
Among the other bids received
the following:
• '
'' v
First Boston Corp., Harrik;>Hall
& Co.; B. J. Van Ingen & -Co.,
John Nuveen & Co., A. C/Allyn
& "Co.,
Stifel, Nicolaus & Co.,
Straiiahan, Harris & Co., Inc.,
Stone &
Webster and Blodget,
Inc.,
Goldman,
Sachs
&
Co.,
Equitable Securities Corp., L. F.
Rothschild & Co., Central Repub¬
lic Co., Chicago, Alexander Brown
& Sons, Graham, Parsons & Co.,
Estabrook & Co. and associates,
bidding a price of par, a net in¬
terest cost of about 1.91%, for
$1,130,000 as 4s, $340,000 as l%s,
$700,000 as 1¥2s, $3,390,000 as l%s,
and the remaining $4,440,000 as 2s.
from
Co.
of
maturity
and
thereof
the
Planned
from
Bond
if
ooo.
Issue—Robert
Pulaski
County (P. O. Hawkinsville), Georgia
Redemption Notice—J. F. Lee,
County Commissioner of Roads
and Revenues, announced on Dec.
24 that he is calling for payment
all outstanding warrants or other
Due
to
a
the
of
indebtedness
At
survey
few
a
the
For
first
the
small
out¬
time
in
to
Illinois
(State of)
Notice—The
of Dec. 1 called
in
outstanding State bond issues
totaling $542,179.94, including the
last of Idaho's general fund obli¬
gation bonds.
call
leaves
the
State
only $155,000 in
,
Fund
surplus
vestment fund.
of
1
■
The increase in the general fund
reflected tax receipts of
balance
$4,416,973 and the transfer of $10,056,543 to the fund, against trans¬
fers of only $5,053,578 from the
until specified dates.
The last bf
these will be retired Within the
fund in the month.
the State
■
In November
paid $5,642,226 in
rants'out■: of the fund..'
Motor
fuel
<1
••
collections
tax
.
in
tired from
were
special levies made for
The
bonds
the
at
office
the
received from this
eleven
first
source
for
payment
State Treas¬
or
State
at
the
Chase
National
—
A,;:-'.
Institutional
$467,441.81
date
Funds Now Available for Bridge
months
this
of
Three
Soldier
Bonus
Bills
to
an
Act
of
on
Dec. 1.' •;■/-■/:
County (P. O. Alhia),
V-,//''.V;Iowa t
'''
Bonds Sold—It is stated, by W.
M. Peterson, CountyTreasurer,
that
$5,000
struction
county hospital
bonds
con¬
purchased
recently by the Peoples National
were
Bank, and the First Iowa State
Bank, both of Albia, jointly, as Is,
at a price of 100.06.
These bonds
are part of the
$50,000 issue ap¬
proved by the voters at the elec¬
tion- last
^V/- :r>
Rock
Bonds
D.
Rapids, Iowa
Sold—It is stated by W.
Carpener,
City Clerk,
airport: bonds were
$30,000
the
to
ties,
that
sold
Rock Rapids Public Utili¬
0.50s,: at
as
Due $1,500
.par.
from-Dec. 1, 1945, to 1964, inclu¬
sive.
Interest payable J-D.
KENTUCKY
Bowling Green, Ky.
Bond
Sale
Details—It
is
now
stated
Congress
cents
at c$300,
based
on
a
Senator
case
378 111. 407.
and
the
while
any
standing
rates
J.
Collins,
introduced
De
a se¬
State
bonus by increasing the 2% sales
pay
was
purchased
group
composed of Fox,
Reusch & Co., Edw. G. Taylor &
a
Co., Pohl & Co.j all of Cincinnati,
J. D. Van Hooser* & Co., of
and
Lexington.
LOUISIANA
Gillis School District
"
(P. O. Lake
Charles), Calcasieu Parish, La,
<
Plans
Bond Election—An
on
elec¬
the question
issuing $45,000 school building
Vl.i
,-r'/
bonds.
;
9
Lafayette Parish (P. O,
Lafayelte), La, .•
2
Bond Sales Details—In
connec¬
it
will
so
as
the
to
•
to
and
provide
for
,
amortization to the principal
,
of
subject at all times, however, to
the approval of the Secretary of
-
Sciota
,
■
"'VrtV/A"
Les¬
James, Township Clerk,
$45,000 road improvement
bonds approved by the voters on
Oct. 3, were sold locally the fol¬
lowing day.
ter
that
G.
cost
r
,
Louisiana (State of)
Debt
Cut
$7,713,000
a
'
In
total
$166,444,020 bonds outstanding
year on
June
Twp. (P.: O. Good Hope),
fn-
;
Net
at the close of the fiscal
/v-'r-;.;,
Bonds Sold—It is stated by,
interest
1943-1944—The State had
thereof,
of said bonds at maturity
net
sold as follows: $49,000 ma¬
turing Jan. 1, $16,000 in 1947 and
1848^ $17,000 in 1949, as 2s, $311,OOO^maturing Jan. 1, $17,000 in
1950, $18,000 in 1951 and 1952,
$19,000 in 1953 and 1954, $20,000
in 1955 and 1956, $21,000 in 1957
and 1958, $22,000 in 1959 and 1960,
$23,000 in 1961 and 1962, $24,000
in 1963 and 1964, as lV2s. and $25,000 maturing Jan. 1, 1965, as l^s.
adjust¬
provide revenues at
the rea¬
sonable cost of maintaining, oper¬
ed
a
were
remain out¬
fix and charge
of them
all times sufficient to pay
a
The maximum awards
by
of about 1.48%—v. 160, p. 2798—
it is now reported that the bonds
of toll for transit over and
■
to
learn that the issue
Lafayette, at
the use of the said bridge,
War,
Dennis
Kalb Republican,
ries of measures
connection
161,
p. 149, of the recent sale by the
city of $175,000 2% school build¬
ing revenue refunding bonds, we
of
nants and agrees,
50-
daily rate.
In
—
and a decision tion with the sale of the $385,000
Court of Illinois •public improvement bonds to the
of the People vs. Rud- Guaranty Bank & Trust Co. of
outstanding,
awards
Winchester, Kentucky
Underwriters
with the detailed report in v.
tion will be held
The City cove¬
pursuant to law
the- ordinance under Which
bonds
are
authorized, that
gren,
,
.
Eight Republican members of¬
fered a similar proposal in the
Senate which would fix maximum
would be $1,000 to members of the
armed forces with foreign service,
prior to Feb. 1,
000 bond issue.
tax to 3%.
City of New
or
ating, insuring and repairing the
said bridge, to pay the interest
from time to time becoming due
on
all bonds from time to time
cient funds would be available on
Jan. 1 to retire the $150,268 due
National Bank of the
qn
separate soldier bonus proposals.
Representative A. L. Auth, Chi¬
cago
Democrat,
introduced
a
measure providing a $500 maxi¬
mum payment at the rate of $1
per day, financed by a $100,000,-
ported to have stated that suffi¬
in
in the
troduced—The Legislature has re¬
ceived
for
consideration
three
pre¬
amount), will be made on or after
Feb. 1§, 1945, on surrender of said
bonds accompanied, unless regisr
tered as to both principal and
interest, by all June 1, 1945, and
subsequent coupons, at the prin¬
cipal trust office of The Chase
re¬
Monroe
dated July 5, 1935,
In¬
mium exceed 5% of such principal
event shall
sold
were
of the. Supreme
t^7more than $100,000,000.
Debt—Governor Bottolfsen is
no
the
granted by the Legislature of the
State
of Illinois under an Act
in
year,
curities
*■;
call
of the
and
ation of said bridge in accordance
with
the
power
and■; authority
against .$30,972,528 in the
fund.
V.,
' /< comparable 1943 period.
This most recent bond call also
During the Sixth War Loan
retires $25,531.25 in State capitol drive, the State invested approxi¬
bonds and coupons—the last pay¬ mately $40,000,000 in war bonds,
ment
on
the
$2,500,000
State bringing the total of State funds
House begun in 1910 and com- in United States Government se¬
leteted in 1920.
pre¬
to be derived from the oper¬
nues
November totaled
span, formerly a toll bridge.
Both of these issues will be re¬
those purposes, and payments will
be made from the
general
on
a
by
Hass, City Clerk, that
$160,000 1 lA % semi-annual
principal
or prior
1939, due Feb. 1, 1964, and are
payable solely from the net reve¬
war-
$3,088,804, com¬
pared with $2,957,466 in the 1943
month.
Revenues of $32,354,276
not
redeemed
if
and
such
stated
A.
Feb. 1,
Pursuant
reported recently. In addi¬
tion, the State has $75,000,000 seg¬
regated in the general revenue in¬
se¬
rome
of
is
airport
construction
bonds
ap¬
proved, by the voters last April,
on
approved March 18,1938, the City of
Rock Island, 111., did construct and
is now operating and maintaining
a bridge and its approaches across
the* Mississippi
River
from
a
point' in the City of Rock Island,
111., to a point in the City of
Davenport, la. All legal proceed¬
ings incident to the authorization,
issuance, and sale of these bonds
are
subject to the approval of
Messrs.
Chapman & Cutler of
Chicago. These bonds are issued
for the purpose of refunding the
outstanding bonds of an author¬
ized issue of 4% Bridge Revenue
bonds of the City, dated Feb. 1,
Surplus Over 42
urer,
rial bonds which cannot be called
next three years. >, The outstand¬
ing issues are $43,000 used for
financing printing of the new
Idaho legal code, and $112,000 for
payment on the Twin Falls-Je¬
pur¬
Frank
Iowa
Sold—It
^by the City Clerk that the
$396,000 1% % semi-annual elec¬
if redeemed thereafter and on or
tric light and power revenue re¬
prior to Feb. 1, 1960, 2% of such
funding bonds sold to a syndicate
principal
amount
if
redeemed headed
by J. J. B. HilHard & Son,
thereafter and on or prior to Feb.
of Louisville, at 101.50, as noted
1,
1964, 1% of such principal here on Dec.
4, are dated Dec. 1,
amount
if
redeemed
thereafter
1944, and mature on June 1 as fol¬
and on or prior to Feb. 1, 1968,
lows: $45,000 in 1955, $46,000 in
and without premium if redeemed
1956, $48,000 in 1957 and 1958,
thereafter and
before maturity.
$50,000 in 1959, $52,000 in I960,
Principal and interest payable at
$53,000 in 1961, and $54,000 in
the Continental Illinois National
1962, giving a basis of about 1.63%*
Bank
& Trust Co., of Chicago.
Interest payable J-D.
in
the
State's general revenue fund rose
to $42,599,469 as of Nov. 30, com¬
pared with a $38,826,757 total at
the end of the preceding month,
William G. Stratton, State Treas¬
Redemption
The
Davenport,
Bonds
'
Geneial
IDAHO
Idaho owing
acquisition bonds.
1956, 4% of such principal amount
(State of)
Millions—The
as
due
interest
6%
of
after
bonds be submitted to the voters
at the June election.
tions.
Bond
000 park
1951, 5% of such prin¬
cipal amount if redeemed there¬
Urges Airport Bond Issue Vole
many
and
accrued
amount
10
—Mayor Kelly has recommended
that a proposal to issue $20,000,000
post - war
airport
construction
the county began the New
Year free from debt, in spite of
great losses in taxes, caused by
homestead and property exemp¬
State Treasurer
for
Upham, City Comptroller, that
offering is contemplated at
present of the $3,000,000
1V2%
semi-annual electric street light¬
ing bonds approved by the voters
at the general election..
years,
Idaho
level
same
no
standing warrants that cannot be
found, evidently in the hands of
someone who has forgotten them.
Feb. 10, at which time the.voters
will pass on the issuance of $150,-
issue is in
new
mium
bonded
B.
requested
that every person holding a war¬
rant against the county, present
same for payment at once.
There
be
at
and
year,
a
Lighting
Bond
Offering Not
Contemplated-T-It is stated by R.
new year.
Commissioner Lee has
to
rate of $6,000,000
keeping the parks'
years.
county was retired by the begin¬
said
the
to
$1,000 de¬
Feb. 1,
1970. Redeemable, at the option of
the City on 30 days' notice in
whole or in part by lot through
operation of the, sinking fund-on
any interest payment date at par
bond issue,
debt
that the entire indebtedness of the
are
a
thus
at
expenditures for the year 1944,
the liquidation of a number
of accounts due the county, the
financial position has so improved
and
ning of the
The
nominations
the
dum will be held for
of all
offer
chase the refunding issue appear¬
ed in v. 160, p. 2339,
7
C
judicial election next
June, he pointed out, a referen¬
county.
critical
,
firm's
mentioned
for children and young people as
near
their homes as possible."
(provided
that in
.
an
such
/
Rock Island, Illinois
Sale—Stifel, Nicolaus & Co.,
Chicago, have purchased an issue
of $2,376,000 3 % bridge revenue
(Centennial Bridge) bonds, dated
Feb. 1, 1945. Denomination $1,000.
Due Feb. 1, 1970.
All of the out¬
standing 4s of the original issue
due Feb. 1, 1964, have been called
for payment on Feb. lf 1945, at
105 and interest.—V. 161, p. 53.
A detailed report on acceptance
by City Council of the above-;
Bond
swimming pool in
existing park.
"The program is a result of a
study by the recreation division
of the park board," Dunham
saigt.
"It is expected to bring recreation
'
1955 inclusive.
to
...
J.
fieldhouse and
GEORGIA
1946
Voters
Forty-three new parks are con¬
templated in the plan, Dunham
explained, with each ward in¬
cluding either a new park, or a
amendment to the contract to
refund its indebtedness of $5,100,-
Improve¬
with $225,(b) the interest accrued thereon
15, 1945, and
to the date designated for such $241,800 for April 1, 1945.
Capitol Building—$25,531.25, on
redemption, and (c) a premium
of34
of 1%
of the principal April 1, 1945.
amount
State
thereof
for
each
12
Highway' Refunding—
months' period or fraction thereof $511,233.75, on April 1; 1945.
between the date of redemption
General—^$510, on/April 1,1945.
bond
Approve
an
641.81 called for Feb.
such
Parks
Dunham, head of the Chicago Park
District,
on
Dec.
28
disclosed
Municipal Bond & In¬
Co., Cohu & Torrey,
Co, and Leedy, Wheeler
Sarasota recently adopted
ments
each
VV/r'j.J;
ILLINOIS
Chicago, Illinois
&
Dec. 1. '
of
Co., Bloomington—v. 160, p.
dated
May 1, 1944, in $1,000 denomina¬
tions and mature $4,000 on Jan. 1
dum next June.
&
:
1906—were sold at par, are
*
More
the
bonds
redemption,
re-
vestment
Feb.. 15, 1945.
Payment of (a)
principal amount of said
for
would
Allen
Bank, New York City, and dates
for payment include:
Toll bridge—$36,925, on Dec. 1.
Idaho Code Fund—$537.50, on
called
funds
exess
further details of the expanded
$60,000,000 park system to be
financed by a bond issue, if up¬
held by the voters in a referen¬
Co.,
*
-
der &
the
ti
as
above
Illinois
that
exchange agents for the
city consists of Shields &
acting
Martin Township (P< O. Coifaye),
Bond Sale Details—The $40,000
road contraction bonds purchased
late in 1944 as 2s by C. E. Bohlan-
main dormant in the Treasury.
Sarasota, Florida < V
Exchange
Agents—The group
urer
so
The
'
State
the
gasoline
tax
originally
enacted to liquidate the debt and
date
Dec.
the
issue.
that
gallon
designated for such
' 1
'--yJ:. ■aV
Nos. 516 to
have been called for payment on
said
called
so
the
after
and
redemption.
Water Revenue Bonds Called—
Outstanding water revenue bonds
8,000, both incl., dated
1, 1940, bearing various in¬
terest
rates
and
maturing
on
Dec. 1 from 1945 to 1969, incl.,
said bonds
bond
000
redemption-will cease to ac¬
crue
to
was
on
hereinabove
&
Co., Field, Richards & Co., both
of Cleveland, Whiting, Weeks &
Stubbs, of Boston, Ryan, Suther-*
land & Co., of Toledo, Welsh, Da¬
vis & Co., of Chicago, Nashville
Securities
Corp.,
of Nashville,
Robinson-Humphrey Co., of At¬
lanta, Singer, Deane & Scribner,
of Pittsburgh, Charles Clark &
Co., of New York, Ranson-Davidson Co., of Wichita, Magnus & Co.,
of Cincinnati, Frank & Belden, of
Minneapolis, Lamar, Kingston &
Labouisse, of New Orleans, Chaner Securities Co., of Chicago, and
V. Sattley & Co., of Detroit,
at a price of 100.00055, a net in¬
terest cost of about 1.89%, on the
rids divided as follows:
Governor
j
Legislature,
would not repeal the one-mill per j
York, 11 Broad Street, New York,
N.
Y.
Bonds
registered as to
principal alone or as to prin¬
cipal
and
interest
should
be
accompanied
by
a
duly
exe¬
cuted assignment in blank of the
registered owner or his attorney.
Monday, January 15, 1945
-
30, 1944, reflecting a net re¬
duction for the period of $7,713,000. Bonds retired during. 19431944 amounted ,to $8,813,000 and
new issues were $1,100,000. Gen¬
eral fund surplus at June 30 last.
was
$13,816,851,
compared
with
$7,467,749 at end of the previous
period, according to James
fiscal
prinicipal and interest on the and $500 to those with domestic
S.
Falls-Jerome Bridge bond service. Senator Collins estimated
Reily, Director of Finance.
Total
revenue
receipts in the
issue, despite the fact that the last the total cost of this plan at be¬
of the bond principal does not ma¬ tween
Wilmette Park District
general" fund in the 1943-1944 fis¬
$150,000,000 and $200,000ture until July, 1946.
cal year were $22,195,845. up 9,1%
The State 000.
(P. O. Wilmette), Illinois
acquired the bridge several years
Illinois paid a $300 bonus to
Bond
Election—It • is reported from the total of $20,348,945 the
ago -from the proceeds of a $420,-veterans of the First World War.
year.
Disbursements
that an election is scheduled for preceding
Twin
totaled
■
Of the total revenue
^
produced
taxes
line
month, or a cumulative decrease
presented to the State of approximately $2,850,000 that
Legislature by the Greater Boston has brought the total down to the
Development
Committee.; The lowest level ever reached during
Authority would be empowered- the 33 years the present city char¬
The 1933
to issue up to $15,000,000 bonds to ter has been in. effect,
debt was entirely to<? high for
finance its activities.
\
Lawrence
and
the
carrying
Bristol County (P. O. Taunton) /
charges much too burdensome for
Massachusetts
the local taxpayers, but the pres¬
Note Offering—Ernest W. Kilent one is moderate for and easily
roy,
County Treasurer, will re¬ borne,
by a municipality of our
ceive sealed bids until 9:30 A. M'.
size and importance.
(EWT) on Jan. 16 for the pur¬
That, great debt decline has not
chase at discount of $300,000 notes
been accomplished at the expense
issued
in
anticipation
of
1945
of necessary public improvements,
taxes.
Dated Jan 18. 1945.
De¬
because numerous important proj¬
nominations v $2,500,
$10,000 and
ects were realized under the Fed¬
$5,000.
Payable Nov. 14, 1945, at
eral Public Works Administration,
the National Shawmut Bahk of
with the city's share of the cost
Boston.- The-notes will be certi¬
being financed by bond issues. In
fied
as
to
genuineness
and
the
years
they were achieved,
validity by -the aforementioned
though, the amount of old bonds
bank, * under - advice
of -Ropes,
redeemed was always more than
Gray, Best, Coolidge & Rugg of
the total of new- loans and that
Boston...;
C; 7>'v >
the
gaso¬
largest
$17,220,189, although this
$92,103 less than the
sum,
amount -was
preceding year's aggregate.
Income taxes in the year
ed
against
$9,977,341,
yield¬
$9,032,207
the year before, and beverage tax
were* up
revenues
$149,222 to $7,t
233,221.'7 y;■ y'■
^,7;.■;
77^^
MAINE
/
Augusta, Maine
Note
J.
Offering—Alfred
La-
City Treasurer, will receive
until 11 a. m. (EWT)
on Jan. 12 for the purchase at dis¬
count of $300,000 notes issued in
anticipation of revenue for 1945.
casse,
sealed bids
The
will
notes
1945.
be dated Jan.
16,
Denominations to suit pur¬
chaser.
Due
follows:
as
$150,000
-
also
Sept. 20, and $50,000 on Oct. 15,
9'and Dec. 28, all in 1945.
on
been
has
V
receipts in
.all funds in the fiscal year,
Essex
Nov.
Massachusetts
as
Note
-
to genuineness and
National
Shawmut Bank
under
ton,
validity by the
of Bos¬
ford, Thompson & Brown of Bos¬
ton.
National
^
>■£
i
j
0.3497c
of
Bank
discount.
welfare and relief.
duction
that surplus Treasury
totaling
aside
about
for
program.
that
connection with
in
use
State's
the
funds, now
$9,000,000, be set
post-war construction
The Governor disclosed
inventory of 539 post-war
an
public works projects aggregating
$163,784,119, of which $61,420,530
represents highway planning and
$17,397,918 State capital improve¬
ments, has been developed by the
Commission
State
Post-War
on
and Development.
Reconstruction
The program was
drafted in con¬
junction with various State agen¬
cies, counties and other local sub¬
divisions.
The ' 1946-4947
State
the
to
Merchants
Jan. 15,
National
These notes
are
tional
isting- levies.
-
.
increases in ex¬
•
j
7; i
.
Montgomery County
O. Rockville), Maryland
Sale—The $475,000 series
(P.
Bond
A refunding bonds of
Jan. 9—v.
161,
1945 offered
53—were award¬
p.
Stuart & Co. and
Michigan Corp., both
of New York, jointly, at par, a
net interest cost of about 1.3289 %
as' follows:
$150,000
l%s,
due
$25,000 on Feb. 1 from 1949 to
1954 inclusive; $325,000 lV4s, due
$25,000 on Feb. 1 from 1955 to
ed
Halsey,
to
the* First of
frain
war
are
AH of the bonds
inclusive.
dated
Feb
re-offered
1, 1945, and
ders at prices to
to
were
by the successful bid¬
yield from 0.75%
to maturity
-Other bids were as
according
1.357c,
and coupon.'
follows:
; Harriman
Co., Ind.,
Co., jointly,
for $50,000, 4s, and $425,000, 1V4S,
at 100.27; net interest cost 1.329%.
Hemphill, Noyes & Co.; and A.
G. Becker & Co., jointly, for $75,000, 314S, and $400,000, 1V4sf at
Ripley
&
100.039; net interest, cost 1.368457c.
Phelps, Fenn & Co., for $50,000,
Bank
Union
Securities
Corp.,
New
York,
and Equitable Securities
Corp., jointly for $25,000, 6s, $25,000
5
s, and $425,000, lJAs, at
100.009 net interest cost 1.41219%.
Shields
.
Close
&
Co.;
&
Kerner,
Rambo, Keen,
C. T. Wil¬
and
of the
with Germany and Japan, by
The
which
under
that
program
may
any
excellent
post-war
be launched..
Massachusetts
...
Held
Big Issue for Legislature—
Expenditures of State funds far
exceeding anything known before
in Massachusetts faces the Com¬
if vast
monwealth
post-war pro¬
being poured into the
Legislature are to be financed
with borrowed money, the joint
Committee on Ways and Means
warned in a report filed recently.
grams now
With
that must be allotted for fixed re¬
ed out.
demption and interest charges on
this city's bonded debt will be
items of post-war ex¬
pense foreseen by the Legislative
than was spent this
year, and that pleasing news for
the taxpayers constiuted impor¬
group
works
;
last
Friday
evidence
tant
of the
remarkable
following
debt reduction policy
results accomplished by
sensible
a
in the
past dozen years.
This
spent
;
$411,506.25 has been
redemption and interest
year
on
and the corresponding outlay next
will be only $333,196.25. That
relatively low when it is re¬
called that at the time Lawrence's
was
at
its
all-time peak
in 1933, the similar
charges were $916,509.38, or nearly
triple next year's requirements.
That difference of $583,313.13 is
the equivalent of a saving of al¬
most $7 in the municipal tax rate
the
on
basis
of
current
way
illustrating the importance of
of
programs
the reduction.
"
'
,
Largest
post-war public
program, with a potential
cost of $44,000,000; the highway
program,
which can cost from
$50,000,000 to $200,000,000; devel¬
opment of the port of Boston the
the
are
cost of which has been
tation, including bonus proposals
from $100,000,000
which may cost
to
and
$180,000,000;
Public
Welfare
increased
costs which have
not been estimated.
'
Although
lieved
the
that
ability
it
is
generally
to
pay
be¬
have
higher taxes,
taxpayers
now
to
the conclusion that Massachusetts
the Committee said it had come
in no position to
additional State taxes. ,
wage earners are
pay any
"Without
tion,
to pay
war
dramatizing the situa¬
depression and
for," the report stated.
have
we
a
a
Federal debt which is
expected to reach the vicinity of
$300,000,000,000.
This in itself,
impressive proof of the decrease.
with
1.43727c.
At the
war
beginning of 1933/, the local
long-term municipal bonded debt
MASSACHUSETTS
was
Boston Port
Authority (P. O. Bos-
New Agency
calling
above
for
Proposed —A bill
establishment
agency
ure
in
the
of the
along the lines of
and this
000
city's
history.
It has
steadily each year since
been cut
tcn). Mass.
•
$4,711,808.65, the highest fig¬
year's payments of $362,-
will
further
$1,862,218.98 by
reduce
the
it
to
end of this
which he as¬
unsound and
also
Governor
legislation to
per¬
refinance
debt structures, pointing to the
metropolitan
experience
with
financing the Quabbin water sys¬
tem
"as a
striking example of
overzealousness in a policy of too
for
planning roads and highways, and
$4,000,000 is available to counties,
school
and
population
districts
formula
on
which
a
was
Nov.
to
20
to
a
an
increased
Federal
post¬
spending program, will mean
continuation of high Federal
regardless of our hopes and
expectations. . .
The only relief
we
can
expect in the matter of
Federal taxes is a more equitable
taxes
.
tax
bill
tax bill.
and not
a
lower Federal
Construction
give
all
head
ments
the
work esti¬
is
con¬
list, with school
buildings,
sewerage
and water
supply facilities, parks and public
utilities well represented.
Governor's
Proposals
Seen Af¬
fecting Municipal Post-War Plans
—Dimming hopes of participation,
rapid retirement of debt."
He asked that an authority be
by Michigan municipalities in rev¬
enue sources now yielding a huge
set
surplus
up
to modernize the Port of
State,
the
to
Governor
Boston, the cost of which has been
Kelly outlined to the 1945 Legis¬
estimated
lature
Means
in
joint
a
Committee
and
Ways
report at from
to $30,000,000.
proposal was for the
abolition of the State tax, which
$15,000,000
Another
is assessed
on
cities and towns to
make up the State deficit.
The new Governor called
ventures
$100,000,000.
Michigan's
State
government
has piled up a $50,000,000 postwas reserve, including $20,000,000
State
proposed
which may involve
of this
excess
year's revenue over
budget requirements.
.
for
Although the Governor did not
payment of a State bonus to war
veterans, but did not specify the
specifically abandon a recommen¬
dation of his Tax Study Commis¬
sion that the State sales tax be re¬
•
7:"7•:'7
7;-"
.7 7*/
Plymouth County
(P. O. Plymouth), Massachusetts
Note Sale—The issue of $300,000
;;
notes offered Jan. 9 was awarded
the
to
Brockton,
1945.
15,
Bank
National
Home
0.36%
at
Dated Jan.
of
discount.
9, 1945, and due Nov.
Other bids: Rockland
Trust
Co., 0.367%; Bridgewater
Trust Co., 0.37%; Middleborough
Trust Co., 0.38%; Hingham Trust
Co., 0.39%, and National Bank of
Wareham, 0.397%,
MICHIGAN
Clawson, Michigan
Certificates
Purchased
The
—
following certificates of indebted¬
ness were purchased through ten¬
ders
27 from the Manu¬
Dec.
on
National
facturers
of
Bank
series A; $46,008 se¬
B; $1,521 series C; $8,240 se¬
ries
ries D.
Erin and Warren
tional
School
might
en¬
act levies of their own to make up
veteran legislators
would be no
the difference,
hinted
that
there
share with cities
Gov¬
Kelly is carried out.
State surplus to
if the program suggested by
ernor
School
Pontiac), Michigan
-> Bond Sale Details—The $75,000
building bonds awarded late last
year to H. V. Sattley & Co. and
Crouse, Bennett, Smith & Co.,
both of Detroit, jointly—v. 160,
p. 1908—were sold at 100.012, a
net interest cost of about 1.10%,
Waterford
Township
District (P. O.
follows:
as
$45,000 17is, due $15,000 on April
1 from
1946 to 1948 inclusive,
30,000 Is, due $15,000 on April 1
in
1949 and
7777"" 777\:'77- v7;7;7::
;
to 2.5%, in order
duced from 37c
that local governments
De¬
troit: $11,897
1950.
MINNESOTA
Townships Frac¬
District
No.
Minneapolis, Minnesota
2
(P. O. East Detroit), Michigan
estimated
$30,000,000; veterans rehabili¬
at
"We have
Of course, the comparative debt
The
recommended
biggest confronting the incoming
totals themselves furnish the most
4s,
"archaic,
as
will be one of the
sources
& Co., jointly, for $75,000,
$75,000,
iy2s, and $325,000,
lV4s. -at 100.053; net interest cost
liams
State constitutional
a
tween
property
valuations, wjiich is another
sailed
amount.
(State of)
Revenue for Post-War Projects
Legislature, the Committee point¬
bonded" indebtedness
1
new
any
end
John S. Cahill stated that the sum
&
>
the
revenue
is
1.4117%.
initiating
until
issue
re¬
125.03 and will continue to grow,
year
cost
City
to
drafting 7the 1945 Lawrence
municipal budget, City Auditor
public
at par; net interest cost 1.40187c.
Alexander Brown & Sons, Blyth
interest
continue
should
municipal bonded
will be down to
$1,500,000 or less. That low total
and an ample official borrowing
capacity, which is now $2,033,-
Dec. 4 issue of
"Tribune.".; The
4s, $150,000, IV2, and $275,000, iy4s
Co., and Broun, Bosworth &
Co., Inc., jointly, for $75,000, 4s,
and $400,000, lV2s, at 100.068; net
be pos¬
likely to
debt .probably
$78,310 less
and Smith, Barney &
is
in
making
by
use
mated to cost $330,500,000
appropriation estimates to be used
In
for
commissions
road
t
holding of
which time the
dated
'follows:
as
county
cities
Constitutional
Urges
earmarked
was
extended
potential cost of proposed
already
running be¬
$450,000,000 and $500,000,000 the problem of finding new
Lawrence
article, is
Governor
fund
cations.
public -Wdrks
major
no
from
bond
by the city warrants reprinting of
the
7,000-foot runways.
One million dollars of the
units.
jurisdictions time to submit appli¬
777
partly by bond issues.
provements
the subject
$4,750,000
appropriated by the
1943
Legislature would provide
only the foundations for three
appropriation by the State Legis¬
lature in February, 1944, to be
matched on a 50-50 basis by local
mit cities and towns to
Council
re¬
markable record of debt reduction
on
the Committee disclosed that the
plans and specifications for post¬
war projects.
The funds will be
made available from a $5,000,000
outmoded."
were
sible until then, the Lawrence
bonded
debt,
which
$4,711,808.65 at the
beginning of 1933, has been re¬
duced by about $2,850,000 in sub¬
sequent years, with the result that
the amount
outstanding at' the
close of
1944 was $1,862,218.98.
Available borrowing capacity now
editorial
defray the
of his spending program.
Pointing out that only a short
step has thus far been ; taken in
the development of Logan Inter¬
national Airport at East Boston
cost
preparation of local
the
finance
templated under applications al¬
to
appeared in the
the
show
submitted, up to
to the State Plan¬
ning Commission for $3,844,827 to
ready submitted to the Commis¬
sion.
Street and road improve¬
construction
Lawrence, Mass.
an
to
revenue
Local Unit
chusetts tax system,
by
years
loans
7 Since
Debt Reduction Impressive—The
$2,033,125.03.
must
of
source
had
Michigan
on
Local governments in
Nov. 1, requests
tion, the report said, the Governor
is the only one who in making
recommendations
—
sion—Governor Maurice J. Tobin
will place this city in an
,
1967
in
position for the securing of impor¬
tant and needed municipal
im¬
at
Progress Report
Planning
met
Bank, 0.35%;
Gloucester
Bank,, 0.35%, and First
0.3677c.
stands
Governor
new
convention to revise the Massa¬
two
new
municipal
any new taxes or
the
of
will this year be of special impor¬
tance. Under the State Constitu¬
whose
BIdg.,
house,
Penobscot
2780
Convention for Tax System Revi¬
National
amounted
Committee
mendation
is
Detroit 26.
re¬
National Bank of Boston,
informed
Governor
budget,* the
the
bond
the
to
address
revenues,"
said, the recom-^
because they covered all
current expenditures, with none
1945, and mature April 1,
the law-makers, does not call for
tion
matter of increased
ous
years,
Other bidders: Beverly Na¬
1945.
tained without cost upon applica¬
quently have been much sounder
than those of the previous eight
Other
lem, 0.44 %.
The $350,000 tuberculosis hos¬
pital maintenance renewal notes
offered the same day were sold
at
0.30%
discount,
as
follows:
$175,000 each to the Cape Ann
National Bank of Gloucester, and
of Saflhn.
ending June 30,
1944, totaled $1,499,175,643.02 as
compared with collections by the
Commonwealth totaling $110,358,072.04," the Committee said.
In view of the "grave and seri¬
the fact that
negotiated and
no
of Sa¬
Bank
for the fiscal year
the
The debt
accelerated
was
from all sources in Massachusetts
public
for
comprehensive ever is¬
according
to Harold R. Chapel, manager of
the firm's Municipal Bond De¬
partment, who prepared the data.
Copies of the record may be ob¬
sued by the bond firm,
urged in his inaugural address the
past
bidders; John G. Sessler & Co.,
Maryland (State of) V'
:.
Earmark Surplus Funds 0.3607c; Beverly National Bank,
—At the opening session of the 0.407c; Cape Ann National Bank
of Gloucester, 0.44%; First Na¬
State Legislature on Jan; 3, Gov¬
tional Bank of Boston, 0.447c, and
ernor Herbert R.
O'Conor urged
National
1942,
the most
Internal
the 1943 and 1944 tax rates conse¬
Gloucester, at
Dated Jan. 10,
Would
Merchants
to
1935
expenditures
regular
notes
149—
Gloucester
the
to
1945, and due Jan. 10, 1946.
MARYLAND
^
awarded
were
from
true
was
inclusive, when 10-year loans were
floated to aid in taking care of
Sale—The $360,000 tuber¬
culosis hospital maintenance
offered Jan 9—v. 161, p.
Ely,. Brad¬
advice of
Salem)
(P. O.
County
■
The notes will be authenticated
"Federal taxes received by the
Revenue
Department
the Port of New York Authority
against $21,-
$21,777,822,
728,537.
251
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4351
Volume 161
Bond Offering—Both sealed
and
The $105,000 cou¬
auction bids will be receievd un¬
school bonds offered Jan. 2—
161, p. 54—were awarded to a
group composed of H. V. Sattley
& Co., Crouse, Bennett, Smith &
Co. and McDonald, Moore & Co.,
all of Detroit, as 272 s, at a price
of 100.15, a basis of about 2.4567o.
Dated Oct. 1, 1944 and due $21,000
9.30 a.m., by Charles
City Clerk, for the
purchase of $2,000,000 coupon re¬
funding bonds. Interest rate is not
to exceed 5%, payable M-S. De¬
nomination $1,000.
Dated March
Bond Sale
—
pon
v.
on
Oct.
1
from
1946
to
1950
in¬
clusive.;!
Next best in the
bidding
was
the
Firsj; of Michigan, .Corp., offering
100.07
for
$84,000;
remaining $21,000
as
3s„
and
as
3.%s.
the
Pohl
& Co.,
as
offered, 100.30 for $105,000
3V4S. •
7 7.;;
Michigan
Local
The
Bond
current
(State of)
Prices
Compiled—
Michigan Municipal
Bond Quotation
sheet, prepared
by Crouse, Bennett, Smith &r Co.,
Detroit, containing a brief de¬
scription of almost all of the local
municipal bonds' outstanding ac¬
cording to interest rates, purpose
of issue, maturities and approxi¬
mate market quotations, is one of
til Jan. 23, at
C.
Swanson,
1, 1945. Due $200,000 from March
1, 1946 to 1955. Rate of interest to
be in multiples of V4 or one-tenth
of 1% and must be the same for
all of the bonds. The bonds may
be
registered as to both principal
on application to the
and interest
City Comptroller.
plus
made
cents
5
for
per
the
A charge of $1
$1,000 will be
issuance
of
each
registered certificate/and an ad¬
ditional charge of 50 cents per
certificate will be made for eachV
re-registration.
amount
less
Bids offering an
cannot be
than par
accepted. Delivery will be made
in Minneapolis, Chicago, or New
York
City, at a national bank
satisfactory to the purchaser, any
charge made by such bank for
delivery service to be paid by the
purchaser.
Purchasers
of
the
ii.jafuuwjmifoh'
4-
ii
^ ^w«JnSnMV»K>i* ^
< >
-]—-;
THE COMMERCIAL & FINANCIAL CHRONICLE
252
bonds will be
'
for .2% of the bonds bid for, pay¬
;
;
prior to the delivery of the bonds,
of Federal legislation which in
terms, by repeal or omission of
exemptions, or otherwise, subjects
to a Federal income tax the in¬
•
'
terest
bonds of
on
will
at
election
the
the
pur¬
of the contract of sale
the purchaser to the return
;
of the
subject
favorable,
'
the
est
:
Enclose
check
for 2%
a
St.
of
rants.
Feb.
will receive both sealed and auc-
•
bids
tion
10.30
on
the
the
for
a.m.,
interest
Feb.
Dated
15,
at
1947 to
inclu¬
1958
purchase
of
Interest F-A. Legal opinion
Dorsey, Colman, Barker, Scott
Barber of Minneapolis will be
of
&
coupon
public
relief
Interest rate is not to ex¬
furnished the successful
6%, payable M-S. Denomina¬
$1,000. Dated March 1, 1945.
$50,000 from March 1, 1946
to 1955. Rate of interest to be in
Mississippi
$500,000
bonds.
tion
Greenville,
v
Bridge
issuance
of
Ended
—
A
a
compromise
recently, with the city agreeing to
pay $35,000 in back ad valorem
taxes due on that portion of the
toll bridge % located in Arkansas.
City Comptroller. A charge of $1
plus 5 cents per $1,000 will be
^he
Litigation
sippi city ended in
as
for
Mississippi
State of Arkansas and the Missis¬
to both principal
and interest on application to the
made
The
each
State had claimed
$50,000 and
registered certificate and an additional charge of- 50 cents per
certificate will be made for each
to
a
total of
the city had refused
ground that the
Lake
Village,
Ark.-Greenville,
Miss., was a public enterprise and
Bond
Election—At
is
pay
the
on
State
war
subject to the fol¬
institutional
sue
of State bonds. More than half
of the
mission and acceptance of the bid
money
improvements
ajid prior to the delivery of. the
buildings
be financed by an is¬
program to
lowing condition: The enactment,
at any time subsequent to the sub¬
would be used for
to. the
University
of Missouri.
bonds,
of
Federal
legislation
which, in terms, by the repeal or
omission of: exemptions or other¬
wise, subjects to a Federal income
on
Jan. 27 the voters will consider
an
issue of
$15,000 memorial park
bonds.
Note Sale
—
Jan.
54—was awarded
p.
1944.
5—v.
161,
to the First
National Bank of
Boston, at 0.40%
8, 1945 and
14,
1945.
Goldman,
Sachs & Co., New York City, sec¬
ond high bidder, named a rate of
discount.
due
Jan.
Dated
Dec.
0.405%
•.
.
Sale—The
Note
issue
offered
notes
Jan.
:
$150,-
11
was
Note
rent
Sale
year
The
—
revenue
$200,000 cur¬
anticipation
ed
the
to
,'•.■■■
Nashua, at 0.3756% dis¬
count. Dated Jan. 11, 1945 and due
Dec. 3, 1945. Other bids: First Na¬
tional
Bank of
Boston, 0.377%;
Nashua Trust Co., 0.392%; First
Boston Corp., 0.392%; Second Na¬
tional Bank of Nashua, 0.395%;
Bidder
to
single rate of
interest, expressed in a multiple
of 1/4 or 1 / 10th of 1 %.
Principal
and interest payable at the Allenname
a
hurst National Bank & Trust
Allenhurst.
bid
Amount
the
as
previ¬
160,
p.
2798—
successful bidder.
Clyde Park, Montana
Bond Sale Details
The $8,000
purchased re¬
cently by the State Board of Land
a
3%
bonds, will, at the election
purchaser, relieve the pur¬
under
the terms of the contract of sale
and entitle the purchaser to the
return of the amount deposited
with the bid. Principal and inter¬
est payable at the fiscal agency
of the City in New York, or at the
water
—
bonds
noted
in
v.
mature Dec. 20, 1954, and are re¬
deemable on any interest pay¬
:
i
Dumont, New Jersey
registered sewer bonds offered
or
Musselshell
County (P.
Roundup), Mont.
O.
Jan. 8—v.
ed to the
of 100.111
$2,000
the
that the Board will receive
tenders of the county's refunding
bonds up to. -10 a.m. on Feb.
7, of
the. March vjj JL937 issue, at prices
&
less. than
161, p. 54—were award¬
Rochelle Park Bank, of
fin &
said bonds will not be considered
Bank of
will be sold to the bidder comply¬
of sale
and
ers,
deemed most favorable, subject to
provision to reject any or all
bids.
Bids for a portion only of
until all bids for all or none have
about
of. The bonds will
be-accompanied by the opinion of
been disposed
par,
in the
amount
of
$25,000.
Rickey, Montana
Bond Election ContemplatedWood, Hoffman. King & Dawson
,of New York, that the bonds are The Board of Education is said to
valid .and binding obligations, of be contemplating an election on a
.the City. Enclose, a certified check $75,000 bond issue for the con¬
.
.
bid
furnished
of
New
for
York
the
City.
bonds
must
the
successful
new
bidder.
york
a
of Road Aid Fund
Apportionment of the
$500,000,000 of a $1,500,000Congressional authorization
Federal state road construc¬
program
7
announced on
Philip
B. Fleming, Federal Works Ad¬
ministrator, with New York re¬
ceiving the largest single share,
totaling $33,892,018.
^7
by
was
Major
General
the huge road fund will be held
in reserve until President Roose¬
emergency. Under the Federal-aid
highway act passed by Congress
be
Dqpqm^j, only this
sum may
immediately, for
approprited
'use
J^ipahcing
surveys, plans
and cOhstrutbtion and for the purphase 6f Rights-of-way for projects
tP-be immediately constructed."
V. "The ;
f'gr-flung construction,
plan," the Federal Works Admin¬
istration announcement said, "un¬
der which the states initiate both
urban and rural projects, with the
government participating general¬
ly on a dollar-for-dollar matchT
ing basis, was enacted to remove
city traffic bottlenecks, connect
principal cities with express high¬
ways, give the farmer better roads
and
to
offer
jobs immediately
after the war."
^7/77x^7^'.
Of the New York total of $33,-
892,018, the Public Roads Admin¬
istration will set aside $10,840,121
for general
highway work, $4,275,secondary or feeder roads
$18,776,072 for
urban highways, Connecticut drew
an
apportionment of $4,769,0i3
and New Jersey $9,433,352.
825 foF
in New York,-and
election
recent
proved, by
the
voters
ap¬
count of 75 to 8, the
a
issuance of $40,000
bonds for the
enlargement of the village water
supply system.
Offering—Sealed bids will
be received by the Village Clerk
until 8 p; m> on Jan. 15 (tod&M,
for the' purchase of $12,000 tax
notes/ - Dated Jan. 24, 1945.
Due
June
24, 1945.
'
,
Mamaroneck, New
York
Note Sale-—An issue of
Due
Vernon, at 0.35%.
months
sale.
Second
from
best bid
date
was
an
of
of¬
fer
by the First National Bank,
Boston, of 0.374%.
The County
Co.
Trust
White
of
Plains
was
third, bidding 0.445%.
New
Proposed
York, N. F;
Bond
creased—As
7
Financing
result of
a
tions with banking
$175,000,^
—
New
municipalities have blue¬
printed or are preparing $175.202,000 worth of postwar public
works projects with the assistance
of the State's postwar public works
planning commission, the Ameri¬
Public Works Association
re¬
ports.
Communities
State ex¬
City have
completed detailed plans for $19,247,000 of postwar public works
projects and are preparing blue¬
prints for an additional $83,286,clusive
of
of the
New
.
York
000 worth of municipal construc¬
$160,000
tax anticipation notes was award¬
ed on Jan. 8 to the First National
Bank of Mount
on
Projects
York
can
Larchmont, New Yctk
Note
on
Post-War
000
Water System Bonds Voted—At
a
;
—
Assists Local Units
Ithaca, New York
In¬
tion, while planning commission
approval has been given plans,
on which work is yet to start, for
another $9,000,000 in upstate mu¬
nicipal projects.
4'
groups
York
New
City has completed
commission
aid, for work to cost $25,438,00(1
and
is
proceeding on detailed
plans
for
another
$47,231,000
worth of construction, the asso¬
ciation reports.
v
\
;:
plans, with planning
(This construction does not in¬
conversa¬
which
customarily
participate
in
the
competition
for
city
offerings,
Cityi, Controller McGoldrick has
decided to increase size of the,
clude
an
additional
estimated
$155,000,000 worth of upstate mu¬
nicipal construction work in all
stages of planning and an addi¬
tional $993,000,000 work program
forthcoming new capital bond is-- planned by New York City, the
sue
from $50,000,000 to $75,000,blueprinting of which is being
McGoldrick was advised financed by the cities themselves,
that
Bond Sale—The $16,000 coupon
Bond
rs .Invited —It
is
stated by Delia
Webb, Clerk of
the Board of bounty Commission¬
terms
Bank,
(State of)
000. Mr.
ment date.
City Treasurer's office. The bonds
the
payable
Bank
be not less than $322,000 nor more
than $323,000. A certified check
Co.,
for
bonds must be not less than
montana
character which involves
ing with
National
West Orange, or at the Chase Na¬
of
Bank
par,
of
l/20th of 1%. Prin¬
or
First
the
at
National
Head
Indian
Commissioners, at
bonds
l/10th
Dec.
cipal and interest (J-D)
notes offered Jan. 11 were award¬
ously
these
on
of
Due
Corp., for $6,440, payable to order of the
New York City, at 0.416%
dis¬ town, is required.
Legal opinion
count. Due Dec. 14, 1945,
%/.: 7. of Hawkins, Delafield & Long¬
fellow of New York City will be
1
Nashua. N. H.
of the
or
$1,000. Inter¬
1, as follows:
$10,000 in 1955; $50,000 in 1956
and 1957; $55,000, 1958 and 1959;
$50,000 in 1960 and $52,000 in
1961. Bidder to name a single rate
of interest, expressed in multiples
Amount
of
chaser from his obligations
interest
the
class
inter¬
Denomination
J-D.
tional
Franklin, N. H.
000
receive
$322,000 nof td exceed 4%
est
The issue of $300,-
offered
notes
York
$33,892,018
first
m
will
sealed bids until 8.15 p.m. (EWT)
on
Jan. 19 for the purchase of
coupon or registered refund¬
ing bonds of 1944.
Dated Dec. 1,
%
Dover, New Hampshire
000
Ronald C. Al-
Town 14 Clerk,
Aug. |
velt proclaims the end of the war
;
est
new hampshire
$148,000 nor more than $149,000;
A
certified check for $2,960, payable
to order' of the borough, is re¬
quired. Legal opinion of Hawkins,
Delafield & Longfellow of New
York City will be furnished the
tax
93%
ford,
election
an
91.56%
West'Orange, New Jersey
—
on
>■-/V:/% 4
However, all but $100,000,000 of
88%
—-
Bond Offering
.
bid offered
84%
—
___.
bonds.
Ogalalla, Nebraska
than
less
81%
___
1944
Leavitt & Co., 0.409%.
Bids offering an benefited all*
States.
The
span
par^cannot be crosses the
;3
NEW JERSEY
Mississippi River to
accepted. Purchasers ;will, .be re¬ link
U. S. Highway 82 and was
.5:Deal,i New Jersey
7
quired to pay the City $2 per bond
constructed in 1939 through joint
to apply on the expense to the
Bond Offermg-—Clem Cdnover,
efforts
of
the
Public
Works
City of issuing and transporting
Borough Clerk, will receive seal¬
Agency and the Reconstruction
the bonds to place of delivery and
ed bids until 11 a.m. (EWT) 011
Finance Corporation. W;,:;7
in
meeting
bank
charges
for
Jan. 24 for the purchase of $148,handling maturity payments. De¬
000
not
to
exceed
6%
interest
missouri
livery will be'made in Minneap¬
coupon or registered beach pro¬
Missouri (State of)
olis, Chicago, or-New York City,
tection bonds of 1944. Dated Dec.
Large Post-War Financing Rec¬
at a national bank, satisfactory to
1, 1944. Denomination $1,000. Due
ommended—The Board of Visitors
the purchaser, any charge made
Dec. 1,. as follows: $15,000 from
of the University of Missouri has
by such bank for delivery service
1945 to 1952 inclusive and $14,000
recommended a $40,500,000 post¬
to be paid by the purchaser.
Any
in
1953
and 1954. Interest J-D.
re-registration.
amount
77%
1940
recently by the City Council call¬
for the issuance of $50,000
six-year old dispute between the
of 14 or one-tenth of
1%, and must be the same for all
of the bonds.
The bonds may be
multiples
registered
bidder;-;
72%
-
^
awarded to the First Boston
Due
v
De¬
1945.
$1,000. Due $1,000 on
15 from
ceed
-
war¬
sewer
sive.
day
same
will
—
1939
ing
on
Clerk,
3%
nomination
and Taxation
Estimate
as
1938
is said to have been passed
refunding
New
Jan.
% Collected
1943
auditorium
All of the notes mature
7, 1945;> 7,,,7
tion
follows:
as
Year
1941
An
-—
Sixth Series
'
for
period is
400,000 \
500,000
Fifth Series
000
only 72%
$400,000 !
Fourth Series
in the
ordi¬
Authorized
;
The record for the
with
1942
net inter¬
2.19%, on the
follows: $2,000 as
Park, Minn.
Offering—Joseph Jus-
Village
exceed
7
1, 1954.;
Norfolk, Nebraska
54—
receive
sealed bids until 8 p.m. on Feb. 5
for the purchase of $12,000 not to
certified
Corp. of Omaha—v. 160,
2799—were awarded to the said
firm at par. Due on Dec.
Louis
Warrant
tad,
Bender
p.
Issue), aggregating $1,300,000 at j
.39%, plus a premium of $22.00: j
compared
earlier year.;
Rochelle
Dated
a
Jan.
on
clusive.
as l%s, at a price
basis of about 1.725%.
Park,
and
1945,
15,
Bond
Jan.
sider
;
an
Election—At
16
the
issue
building bonds.
an
voters
of
.
of
award,
Y.
York, the following Tempo¬
rary Loan notes (Twelfth Issue),
aggregating $896,000:
Third Series
—
State
communities
aid.
The
have
upstate
completed
plans for about $5,000,000 worth
of projects, without State assist¬
ance,
and
now
are
preparing
plans for $50,000,000 worth of
projects without State aid.)
thq New York plan of
drawing up
State assistance in the
of
New
Second Series
,
without
Under
City Hottsing Authority,
First Series
con¬
;
date
originallyscheduled
16, to Jan. 23. wl Bt i
Notes Sold—The New York City
$300,000 • school
— -
for Jan.
the
was
Housing Authority sold on Jan. 11
to the Manufacturers Trust Co., of
election
will
defer
wltieh
N.
Livington Township School District
(P. O. Livingston), New Jersey
on
will
New York
Co., 2s, 100.163; H. L. Allen
Co., 2s, 100.14; First National
Oradell, 2%s, par.
favored
has
already taken the necessary legal
steps to permit the increase. This
due
Jan. 15, 1946 to 1953 in¬
Other bids: Boland, Saf-
conditions
market
sale of the larger amount and
•
-
j
City, purchased the following j
Temporary Loan notes (Twelfth j
Received
paving bonds sold to the Wachob-
Aug. 1 in 1948
Interest payable F-A.
V
to 1950.
stated by
now
the City Accountant that the $76,000 4% semi-annual intersection
about
214s, due $1,000
Additional Bond Offering—The
Board
p.
2s, due $1,000 on Aug. 1 in 1946
and 1947; the remaining $3,000 as
of the amount bid
City Treasurer.
of
cost
bonds divided
for, payable to. Gladys E. Miller,
,
161,
awarded at par, a
were
that the bonds are
binding obligations of
City.
Town
Details;—The
now
Bank of Elk River—v.
of New York,
and
Price Paid—It is
The Bessemer Trust Co., of Jer~
sey
by the city last year
highest since 1938, the
percentage for 1944 being 93% as
the
were
nance
reports that the $5,000
road and bridge bonds sold to the
The bonds will be
by the opinion of
;; Wood, Hoffman, King & Dawson,
valid
,,
Since 1936
collections
7.7^7'-
Bellevue, Nebraska
Bonds
Sale
Bond
Clerk
disposed of.
accompanied
;v
Trenton, New Jersey
Gross Debt Cut 39%
—Gross debt of the city has been
reduced by $9,439,958/78, or 39%,
.
.
Otsego, Minn.
provision to reject any or all bids.
Bids for a portion only of said
bonds will not be considered until
all bids for all or none have been
*
of its
60%
distributes
subdivisions.
the
to
\\
NEBRASKA
earn¬
gross
earnings tax income to local
gross
deposited with the bid.
Principal and interest payable at
the fiscal agency of the City in
New York or at the City Treas¬
urer's office.- The bonds will be
sold to the bidder complying with
the terms
of sale and deemed
most
from
taxes
Wisconsin
amount
■:*'
high school, on
begin in the
new
would
\
of the
of 40%
basis,
income
on railroads, sleeping
telegraph
and
telephone
companies and freight and exr
press lines.
The Mayor estimated
Minneapolis' share on the basis
suggested at $1,000,000 annually
and pointed out that the State of
ings
chaser, relieve the purchaser from
his obligations under the terms
and entitle
*
a
work
Spring.
cars,
these bonds,
of
:
-
population
'
acter which involves
City
%
Miller,
E.
Local Units Urge
..
State's
class or char-
a
Gladys
Wheatland County School District
Minnesota (State of)
40% Tax Split No. IS (P. O. Twodot), Montana during the past eight years, the
Jan. 1, 1936 total of $24,207,107.03
—Mayor Marvin L. Kline of Min¬
Bonds
Sold —It
is
stated by
neapolis, has informed the Hem Minnie F. Lyons, District Clerk, having been decreased to $14,767,148.25 on Dec. 31,1944;The reduc¬
nepin County legislative delega¬ that
the
$12,000
semi-annual
tion effected during 1944 amount¬
tion that his city and other mu?
building bonds offered on Oct. 21;
nicipalities will request that the were purchased by the State, as ed to $1,358,500, according to date
1945
compiled by Charles J. Miller,
Legislature authorize dis¬ 3s, at par. "
;;;/■/
City
bursement to local units,
Comptroller.
Current
tax
on
a
..
ity payments.
Any bid for these
bonds is subject to the following
condition: The enactment, at any
times subsequent to the submis¬
sion and acceptance of the bid and
M
which
to
Treasurer.
; and transporting the bonds to
place of delivery and in meeting
bank charges for handling matur¬
;
struction of
able
required to pay the
City $2 per bond to apply on the
expense
to the City of issuing
Monday, January 15, 1945
;
blueprints of projects by mu¬
nicipalities, one-half the cost of
detailed plan preparation is made
available
to
local
government
planning agencies.
The
municipality ' submits an
application for State aid in draw¬
$296,000 ing up plans, and the project, is
300.000 investigated by the State depart¬
300,000- ment of public works, which then
..)
!
Volume 161
Number 4351'
recommendations
makes
THE COMMERCIAL &
the
to
State postwar public works plan¬
ning commission.;
On the basis of this
*
dation
and
'
:
'
..
data
con¬
share
of
the
the association reports.
program,
T
State's
War Bonds Debt Bill Introduced
—A bill (A. Int. 107) by Mr. Mor-
risey, adds
the
to
Sec. 18, Article 7,
Constitution to au¬
new
State
thorize creation of
State debt of
a
$100,000,000 and a bond issue for
payment of bonuses to honorably
discharged veterans of the Second
World War after
90 days
of ser¬
vice, and residents of the State for
less
not
than
one
immedi¬
into the
year
ately prior to entrance
service, surviving spouse, children
or parents to
receive benefits of
deceased
veterans,
Referred
v
,
Co.,
Co.,
';//:./
Union Bank,
Becker
&
City
Outlines
Construct F jerry—A bill
Edgecombe County (P. O. Tar-
quests $250,000 in funds for 1945.
The largest part of this sum is to
cover fees for preparation of com¬
plete plans and specifications for
a $5,000,000 construction program.
The
city hopes the state will
match the city in appropriating
$100,000 for this purpose, and
that the state will match the city
appropriation of $25,000 for con¬
tinuation of the panning commis¬
sion's master plan studies.
'
Utica, N.Y.
Certificates
'
Sold—The
$1,300,tax anticipation certificates of
offered- Jan.
11—v.
151—were awarded to the
p.
Bankers Trust
0.33%
Co.; New York, at
discount.
Dated
Jan.
15,
boro), N. C.
Bonded
in
Debt
Recent
Greatly
Reduced
Years—Since
the
1928
county's bonded debt has been
duced by
$886,300 despite the
eral. additions
which
re¬
sev¬
have
been
made
in
the
county buildings,
County Commissioners revealed
recently.
High Point, JV. C.
Refunding Sale
Large
time
some
in
is the time
There
but this
have been done.
is
It
need
remain
to
and
Crowe
have
conferences
with
number
a
officials
of
a
of
the
means
we
& Co., jointly, 0.38%,
National City Bank of
New York, 0.39%, plus $20; First
National Bank of Boston, 0.41%;
be the last operation of that kind
for some time to come.
bonds for construction of
lic ferry across
between Kingston and
'
<
;.v':'
•
'
.
a
pub¬
the Hudson River
Rhinecliff.
■■
■■
■>
Rochester, New York
>
$2,214,000 re¬
funding
and
payment
bonds
awardeed Jan. 4 to a syndicate
headed by the National City Bank
of New York, as 0.90s, at a price
of 100.2399, a basis of about 0.855%
~-v, 161, p.
151)—were also bid
as
follows:
For
;
Chase National Bank, New
York,
Barr
&
Bros.
Co., and
Marine Trust Co., Buffalo
jointly
100,209
Halsey,
Stuart
&
Co.,
Geo. B. Gibbons & Co., Inc.,
-
-
.
&
Stone
Blodget, Inc.,
Otis &
and
Webster
■
Co^
'
'
-
M. Byllesby & Co.,
jointly
.
City
by
Council—Unani¬
approval of the six
mous
recom¬
100.163
*
structed the city attorneys to draw
the
up
the
for
nance
resolution
proper
Council of
a
or
creation
ordi¬
the
City Planning Com¬
by
mission.
These recommendations request¬
ed the City Council first to create
City Planning Commission and
neces¬
to carry out its program.
recommended
that
It
upon
of the Commission, the
body be authorized to proceed to
prepare a program for "extending
the city limits to take in those
where
areas
the
citizens
depend
livelihood and
enjoy its protective, social,
>velfare and municipal facilities."
a
Co.,
Kean, Taylor & Co.,
The other recommendations pre¬
Hemphill, Noyes & Co.,
sented the Council and approved
Stranahan, Harris & Co.,Inc.,
by that body were: That the City
Harvey Fisk & Sons, and
Planning Commission be empow¬
Minsch, Monell & Co.,
ered to approve all subdivision
jointly
100.0922
developments within the city and
Harriman Ripley & Co., Inc.,
within an area beyond the city
Smith, Barney & Co.,
limits as permitted by law, that
Blyth & Co.,
r
..
plans
Trust
Co., Buffalo,
L. F. Rothschild & Co.,
W. E. Hutton & Co.,
Coffin & Burr, and
E. Lowber Stokes & Co.,
jointly
100.05
Harris Trust & Savings Bank,
Chicago, 'v
V'V-.
First National Bank,
; /'
New York,
Northern Trust Co.,
Chicago, and
Mercantile-Commerce Bank &
Trust
Co., St. Louis,
jointly
—,—100D399
out
developed
be
for
the
1% Bonds
Lehman Bros.,
Phelps, Fenn & Co.,
Blair & Co., Inc.,
Union Securities Corp.,
Merrill Lynch, Pierce, Fenner
a
war
serve
as
perpetual and useful memorial
a
to
all
men
and
women
of Meck¬
lenburg County who have served
in any war"; that plans be devel¬
oped for the "establishment of one
or more city-county markets at the
earliest possible date," and "that
steps be taken to call for a bond
issue for
an
amount not less than
$500,000" with which to "provide
Charlotte with adequate library
facilities."'';1
;V./ v;■:' V
v
the Associated Press, Charles M.
Johnson, State Treasurer, reported
as follows in his
article, dated at
Raleigh as of Dec. 20:
North Carolina today is in the
i
best financial condition in its his¬
We are operating on a
cash
basis, not having
made any short-term borrowings
tory.
Plan
Hospital
Bond
at
which
time
the
Vote
voters
tion
in
would
the issuance of $450,000
in 20- to 30-year bonds for financ¬
ing a^lcountywide hospital pro¬
gram is being sought, according to
pass upon
1933.
Webber, Jackson &
-
R. D. White 8c Co.,
jointly 100.305
prann. Rnsworih & ,Co., Inc.,
Hallgarten & Co.,
year
the
been
re¬
before the war, we would be just
about breaking even now, which
that the
was
time
brought about solely by
spending.
.
roads,
before the
end
of this
fiscal year, June 30, 1945, it
now
as
if that figure will
looks
reach
$70,000,000.v The, net general fund
debt at that time, excluding selfliquidating bonds which include
public school building bonds, the
proceeds having been loaned tq
counties
the
houses,
the
and
bonds which
to
erans
school
build
to
veterans
loan
loaned to vet¬
were
purchase homes will be
$38,813,000.
on these
maturity is
$27,774,353, or a total of $66,587,000 interest and principal.
bonds
;
It
The interest
to the
is
my
of
date
that
recommendation
provision be made for the retire¬
of
ment
this
debt.
There
is
no
better time to provide for the pay¬
ment of debts than when you have
the
Our
bonds are not
callable and at this time it is im¬
money.
possible
to
purchase
very
many
of them, however, we may, be able
to do so in the next few years
if
and
and
when
we
are,-,
they
be
purchased and can¬
celled, but at this time the proper
way to handle it is to invpst the
money in sound securities^so that
they will become due- as we need
the money, and the sum of $52,000,000 set aside at this time at
the present market value of se¬
curities will retire the
general
fund debt. This, of course, would
still leave a surplus of $18,000,000.
My- opinion is that a large part
will
Interest
Dec.
the balance for
all
of
new
roads
con¬
the
For
have been able
practically no new
and have not been able
the
get.
the
roads.
years we
construct
materials
existing roads
necessary
maintain
would
the
•
have
be
needed
to
,
been
as
done
Principal and interest payable at
the
Ohio
more
known
as
we
is
pos¬
to better
have
now
for what is generally
farm to market
the
as
roads.
it
as
soon
maintain the roads
and do
,
At June 30, 1932, the outstand¬
ing bonded debt of the local units
of government of North Carolina
was
$362,000,000.
This debt has
shown
continuous reduction and
a
Citizens
ledo;
Trust
Co., To¬
%
V.
;
Cincinnati, Ohio
J
;
.
Bond
Sale
Details—In
connec¬
tion with the sale of the
$112,000
(not $107,000) bonds to the City
Sinking Fund at par—v. 161, p. 151
—it is stated by the City Auditor
that the bonds will mature
fol¬
as
lows:
$85,000 214% street improvement
bonds.
Due $17,000 on Sept.
1946 to
in
1
1950
inclusive.
27,000 2i/2% hospital bonds. Due
on Sept.
1; $2,000 in 1946 to
1952, and $1,000 in 1953 to
1965;
Interest payable M-S.
I Cincinnati School District, Ohio
Bond Issue
;
Report—No action
with respect to
all
authorizing sale of
of the $16,000,000
bonds approved at the
part
or
building
November, 1944, election, is like¬
ly
be
to
for
taken
least
at
six
months.
Cleveland, Ohio
Subway
Proposed
to
mate¬
if
it in order
use
1,1944. Denomination $1,000.
to
rials had been available; there¬
fore, all of the money which they
now have on hand, and more, will
sible
,
Dated
1, 1955, or on
interest payment date there¬
after at par and accrued interest.
Un¬
,
struction
J-D.
any
deferred
policy which has been
highway money has
used, first, for administra¬
tion;
second, for debt service;
third, for maintenance of roads,
and
payable
1:
and
in part on June
or
30, 1945,
the
been
June
on
All of said bonds shall be subject
to call for redemption in whole
and
$45,000,000 to $50,000,000.
der
net
conditions
..
By the end
followed the
1944,
611,592.53.
The
general fund surplus at
June 30, 1944, the close of the last
fiscal year, was $57,468,870, and
if there is no change in business
policy
of this fiscal year, June
this fund will have a
of
Due
$16,000 in 1964 to 1971,
$18,000 in 1972 to 1974.
maintenance and construction fund
to
State debt as of Dec. 1,
is $86,722,938.83, a net re¬
duction during the year of $13,-
this
and
should be continued.
921,500. The sinking
ings have increased from $21,799,468.64 to $23,148,561.17; therefore,
the
war¬
bonds.
sue
.
The highway fund is a special
fund and is used solely for the
maintenance and construction of
past few
to $109,fund hold¬
large surplus which
have in the general fund
now
duced from $122,134,000
1
System Op¬
posed—Edward
J. Schweid, for¬
City Traction Commissioner
mer
and member of the local Post-War
Planning Council Panel on Trans¬
portation and Highways, has ex¬
pressed opposition to the Cleve¬
land Transit System's $63,000,000
post-war program which includes
$23,000,000 for new equipment.
Instead/of the projected subway
system with a 15-cent fare, Mr.
Schweid .advocated fast an& fre¬
quent post-war bus service at a
5-cent fare, in a letter sent to City
President
Michael
M.
Council
Lucak under date of Dec. 27.
The
at June 30,
subway
000,
stated, would not justify saddling
1944, it was $264,000,reduction of $98,000,000
a
period of 12 years.
The
1943 General Assembly passed an
act authorizing counties and mu¬
nicipalities to establish capital re¬
serves
from
surplus
funds
on
hand for the purpose of meeting
post-war contingencies and for fi¬
nancing the cost of needed im¬
provements and equipment which
could not be purchased at that
over
a
Nineteen
time.
funds aggregating
reserve
The
ment
since
the
in
that
they
large
best
$3,244,-
they
financial
have
been
issue bonds
and are now
emergency which
began to
amounts
able to meet any
may
25
locaj units of govern¬
are
condition
in
and
and towns have established
cities
000.
counties
arise.
NORTH
DArOTA
Hazen, N. D.
Cleveland
huge
and
works
'
*
serve
Schweid
with
move
city
inducing
by
the
contemplated
to
bring about
further decentralization of
lation
popu¬
residents
to
to suburbs at expense of the
i'-r '--
proper.U;.v
Columbus, Ohio
Develops New Revenue Sources
•The
city has developed a sixto obtain needed
money to help finance municipal
government operations, the Inter¬
national City Managers Associa¬
tion reports.
The city entered 1944 with a
point
program
holdover
deficit of about $1,100,-
000, which brought about
a
sub¬
stantial
reduction
of
the
city
budget to $2,953,332 for this year.
With the city property tax pro¬
ducing hardly 50% of the budget
city began
the
elsewhere.
received;
revenub 'bonds.' V
riders
car
investment
would
money,
Offered -^Sealed bids
HihtiFuJqn.: 12, by
T. A. SailerjjWijldM/.Clef k/[for
the
purchase of ^30,00(1' water
Bonds
were
Mr.
system,
As
1.The City
consumers'
which
5%
a
a
search
result:
Council levied a 5%
utility
tax,
under
to all utility
is added
W. E. Easterling, Secretary of the Local Gov-r
marked for the benefit of the
ernment
as
and a part used as a cushion to
supplement revenues if and when
& Co. of Cleveland, as Is, at a
price of 100.0006, a basis of about
to
our
0.999%.
about
.Davis, Kings Mountain at¬
'V
of
this
Craven County (P. O. New Bern),
care
may
Bond Reoffering Not Scheduled
100.32
Goldman, Sachs & Co.,
taxes—since
During the past
bonded debt has
gross
N.C.
Kidder. Peabody & Co.,
B. J. Van Ingen & Co.,
collection of
.
$48,000 2% revenue, second issue
bonds. Due $16,000 from June
1,1961 to 1963.
182,000 214% revenue, second is¬
bills—gas, electric, telephone and
water—to
obtain about $850,000
annually.
:
><"•'•
2. The City Council adopted- a
low-cost garbage and rubbish col¬
lection service program, which, is
offered to those desiring it. Cards
were printed
and sold for $5, $6
and $7, depending upon the size of
the container used. This provided
R.
torney.x
,-V;
is, borrowing in anticipa¬
of
should
Cleveland County (P. O. Shelby),
J.
J. R. Williston &
Curtis, and:
of
April—A special election in April,
Pomeroy,
,
"creation
carried
N.C.
& Beane,
Eastman, Dillon & Co.,
Schoellkopf, Hutton &
Campbell, Phelps & Co.,
Co., and
Sage, Rutty & Co.,
and
memorial civic center to
For
Paine.
[ Financial Affairs Reported in
Condition—Writing for
—that
who
Manufacturers and Traders
(State of)
Excellent
ning Committee was voted recent¬
ly by the City Council, which in¬
bp Charlotte for
:
S. Mosely &
iointly
North Carolina
strictly
creation
Chemical Bank & Trust Co.,
F.
proved
further
,
'
CAROLINA
make available to it funds
II.
New York,
New
Charlotte, N. C.
V
Post-War Recommendations Ap¬
sary
Newburger, Loeb & Co.,
and
NORTH
a
Equitable Securities Corp.,
First of Michigan Corp.
R. S. Rickson & Co.,
:
of
Bank
.
mendations given it by the Cham¬
ber of Commerce's Post-War Plan¬
Rate Bid
V
.
National
York, 0.46%.
-
0.90% Bonds
Bidder
Bros.
plus $17;
Chase
List of Bids—The
for
Barr
Co.
and down
up
conditions,
and if we had been getting the
same revenues each year that we
got in the year 1939, the last year
ing, according to Mr. Crowe, will
Trust
on
revenue
according to business
and
&
policy
sensitive
very
system which goes
0.35%, plus $8 premium; Central
Bank
Director, that the following water
mortgage bonds aggregat¬
ing $230,000 ,were purchased on
Dec. 11 by Stranahan, Harris &
Co., Inc.. of Toledo:
'
works
go¬
the existing revenue situation. We
equal amount of
held
<
Bonds Sold—It is stated by Rob¬
L. J. Wagar, Safety Service
ert
now
should, of course, be some
.but, in my opinion,
it would be extremely hazardous
which is subject: to
City Manager Roy S.
City Auditor Lake
May.
are
are
tax reduction
Hanover
$250,000
to
they
as
-
Bellevue, Ohio
take
there
of
Local Government Commission in
up
should
have
indebtedness
any
period
any
redemption of
call in
of
and if business conditions
Raleigh concerning the projected
financing. The scheduled refund¬
issue
therefore
and
Other
to
over
to base future financial
Brader
Trust Co. of Cincinnati.
taxes from the taxpayers than we
1945 and due July
agency
::
of normal years. This could only
mean
that we were taking more
bids: Chemical Bank & Trust Co.,
Int. 45), would permit the above
r
business
the
large surplus
a
Arthur H. Wicks of
12, 1945.
not
bonds, pro¬
ceeds of which will be used in the
an
of with
care
bill after the
government to continue to pile up
Introduced in the State1
Sengte by
Kingston (S.
be taken
can
by the Provident Savings Bank &
increases in
some
things that I have advocated above
ing
$3,335,000 refunding
to
to reduce taxes.
the present revenue
Sched¬
April
must be
When
least .able
are
appropriations,
particularly the
public schools and the hospitals,
uled—The city plans to make an
offering
increase taxes.
taxpayers
pay
regard
the
$819,000 Hendersonville,
C., bonds, for which allbids
were rejected on Nov. 28.)
Planning
1945
time to
no
the
(Mr. Easterling states that the
Program—The 1944 report of the
City Planning
Commission re¬
161,
$600,000
N,
Tripp & Co., jointly.—100.268
•I
and
to
and ;
-
general
same' situation is true with
Francis I. duPont & Co.,
indebtedness
Bridge' Authority
(P. O. Albany), New'York H
:
'■"
Nashville,
to
-
York State
Would
G.
000
Judiciary Committee,
New
school bonds.
recommen¬
additional
the
$2,400,000
A.
Commercial
;
cerning financial stability of the
locality, the commission passes
on the proposed projects and al¬
locates
Laurence M. Marks &
FINANCIAL CHRONICLE
—It is reported by
Commission, that
cision has been reached
to
the
reoffering
as
of the
no
de¬
yet
not
exceed 6% semi-annual refunding
bonds
aggregating $3,000,000, of¬
fered without success
on
Oct, 24:
of
should
be
frozen
:
the
amount
begin
revenues
If that
time
aside
set
comes
it
is
to
it
ear¬
re¬
needed
decrease.
will
VlfooT
.
mean,
■;*j.l..
OHIO
■
take
of any contingency which
arise in the future and a part
turning veterans if
of
to
.
h
'■
....
\l<
$150,000 :semi¬
plant; bonds
Akron, Ohio'
Bond
Sale—The
annual' incinerator
offered for sale
p.
on Jan. 8—v. 161,
55—were awarded to McDonald
Dated Dec. 1,
1944.
Doe
$30,000 from Dec. 1, 1946 to 1950
course,
tions
are
that
bad
business
and
that
condi¬
will
be
inclusive.
offer
of
Second best bid
100.41
on
was
an 1
$325,000 quring 1944.
needed to increase
3. Money was
♦
1
/ilKtlAn
r«/\
city recreational facilities, so the
raised the price of taxi 11-
114 s, tendered city
S# 4">
» It J* -Mf
from $25 to $125 annually
revenues
earmarked for
censes
the
and
recreational purposes.
plan was worked out be¬
the City Council and the
local public utility company under
4. A
tween
the
which
which has
been operating its transportation
system for years without paying
the city a license fee, agreed to
pay the cit£ $1,500,000 for a fiveyear license.
The first payment
amounted to $500,000, which was
applied against-the million dollar
company,
deficit.
5.
Agencies
not
services
other
will be received by Geo. H.
Biely,
Clerk,
until
11:30
A.M.
(EWT), on Jan. 15.
Bidder to
name one of the following interest
rates: 0.75%, 0.875%, 1%, 1.125%,
1.25%,
1.385%, 1.50%,
1.625%,
1.75%, 1.875%, or 2%. The bonds
will be dated Feb. 1, 1945.
In¬
terest F-A.
Denomination $1,000.
City
$50,000 Feb. 1, 1946 to 1975.
Due
Bids will be received for the en¬
of the above
of interest, but 110 bid com¬
issue
tire
rates
at
any
bining two different rates of in¬
will be accepted.
Regis¬
terest
definitely
aligned with the city government
but occupying office space in the
City Hall rent free were told to
pay up or move; suburban cities
depending upon Columbus for fire
protection, use of city sewers and
•
required
were
to
equitable price for the
services; factories outside the city
limits which for years received
fire protection without cost were
required to sign contracts with the
city for such protection and pay
pay a more
for the service..
Following these financial inno¬
vations
and
readjustments, the
tered
principal only.
The
the interest thereon
to
as
and
bonds
payable without deduction
for any tax or taxes, except suc¬
will be
cession
inheritance taxes, now
or
levied
hereafter
or
assessed
or
present or fu¬
ture law of the Commonwealth,
all of which taxes the City as¬
thereon under any
abatement
smoke
program,
$10,-
000 to establish a scientific crime
laboratory and $5,000 to organize
junior police movement.
and
sumes
agrees
to
pay.
The
_
highest
bonds will be sold to the
responsible bidder, provided such
bid is not less than par and ac¬
crued interest.
The highest re¬
sponsible bidder shall be the one
who, having complied with the
conditions of sale, offers to take
Election—At
Bond
.
on
an
election
the voters will con¬
issue of $39,000 construc¬
Jan.
16,
from -the
by\ deducting
total
amount of interest to be paid on
account of such bonds
during the
thereof, the amount of pre¬
offered, if any, over and
life
Danville Local School District, Ohio
mium
above the face amount of the is¬
These
sue.
will
obligations
be
from ad valorem taxes
tion bonds.
vi-; /V within the taxing limitations im¬
posed by law upon cities of the
Orwell, Ohio
third; class.
The enactment, at
Bond Offering—Helen R. Erwin,
any time prior to the delivery of
Village Clerk, will receive sealed the bonds of Federal legislation
bids until noon on Jan. 20 for the. which in
terms, by the repeal or
purchase of $5,000 2% water sys¬ omission of exemptions or other¬
tem bonds.
Dated Jan. 1, 1945.
wise, subjects to a Federal in¬
sider
an
Denomination $500.
Due $500 on
Oct. 1 from 1946 to 1955 inclusive.
certified check
A
A-O.
Interest
payable to order of the
village, is required.
for $100,
;
Upper Township School District
(P. O. Coal Grove), Ohio
*
Bonds Defeated—At a recent
election the voters refused to ap¬
prove an
issue of $70,000 construc¬
tion bonds.
iVCv';;'1
v;
OKLAHOMA
Alva, Okla.
Bond
T. W.
will
tion
Offering—It is stated by
Keltch, City Clerk, that he
o|fer for sale at public auc¬
on
Jan. 16 an issue of $50,000
approved
bonds
airport
by
the
voters at the electidn held on Dec.
11, the count being 262 to 71.
Ponca
Jan.
23
on
to
the
have
to
issuance
exceed
of
6%
is
reported
scheduled for
is
voters
the
of
$150,000
pass
not
hospital construc¬
tion bonds.
tract of sale and entitle the pur¬
chaser
the
to
Bethlehem, Pa.
—Payments
on
five
December,
bond
issues
500, brought the reduction of the
city's bonded debt during 1944 to
issues
on
which payments were made by
City Treasurer E. Earl Schaffer
are:
y': ■■'/• '• .V;//; //
The
bond
•
/Street and Sewer issue of Dec.
15, 1930, at 3%%, $12,500; Street
and Sewer issue of Dec. 15, 1936,
at 2%, $11,000; Funding and Im¬
provement issue of Dec, 15, 1941,
■at 1%, $30,000; Street Improve¬
issue of Jan.
1, 1922, at
41/2%, $16,000, and Hill-to-Hill
Bridge issue of Jan. 1, 1922, at
41/2%, $20,000.
■
The city will begin the 1945
fiscal year with a total bonded
indebtedness
of
approximately
ment
$1,243,400,
the
amount having
been pared down from a oncehigh figure of nearly $4,000,000
about 15 years ago.
Lebanon,
Pa.
Bond Offering Details—As pre¬
160, p. 2703,
bids are being asked on an offer¬
ing of $1,500,000 water works im¬
viously noted in v.
provement
bonds.
Sealed
bids
the
deposited with the bid.
are
issued subject
to the favorable opinion of Townsend, Elliott & Munson, of Phila¬
delphia, and will be delivered to
the purchaser only if and after
the proceedings authorizing theThese
bonds
thereof
issuance
have
been
ap¬
proved by the Department of In¬
ternal Affairs. Enclose a certified
check for 2% of the face amount
of the
bonds, payable to the City
Treasurer.
Bond
Olyphant, Pa.
M.
Sale—M.
-
Freeman
&
Philadelphia,
and
Fox,
Reusch & Co., Cincinnati, jointly,
Co.,
were
awarded
on
Jan. 9
an
issue
$50,000 funding bonds as 2%s,
a
price of 100.26, a basis of
of
at
Dated Dec. 1, 1944.
Due $5,000
incl.
1 from 1945 to 1954,
Dec.
J-D.
Interest
totalling $89,-
of
return
amount
Denomination $1,000.
City Cuts Debt $247,000 in 1944
obliga¬
his
from
purchaser
tions under the terms of the con¬
on
$247,000.
bonds,
will, at the
of the purchaser, relieve
election
thife
bonds
011
character which in¬
or
these
about 2,70%.
PENNSYLVANIA
during
class
a
cludes
interest
the
tax
come
f.
election
an
payable
City, Okla.
Election—It
Bond
that
vania
insurance
laws, mutual in¬
must dispose
of any real estate which has been
held for a period of five years.
Only property used by the com¬
panies for the transaction of busi¬
ness may be held.
>
:/■ Purpose
of
the
amendment
companies
surance
,
would be to attack the investment
of
insurance
such
funds in
Park-
company
projects
housing
as
the
extensive
housing
of the Metropolitan Life
chester,
colony
1, 1947 to 1958; redeemable on or
after
Y.,
35,000 ten¬
accommodates
ants.
"
Mayor Samuel declared that the
restoration of
"blighted"
numerous
sections, which cause the city a
large tax loss, as well as attract¬
ing back to. the city many former
residents who have been migrated
to suburban areas, depends to a
large extent on the entry of mu¬
TENNESSEE
Chattanooga, Tenn.
Now
Under
$13,000,000
Debt
Legality approved
by Saul, Ewing, Remick & Saul,
of Philadelphia.
Second high bid
of 100.20 for 3s
was
made by
Johnson & Johnson of Pittsburgh.
Penn
Mutual
Life
Insurance
tual
It
Portfolio
Offering —The
is believed to contem¬
plate making an offering of $3,140,000 various municipal bonds
on
Jan. 17.
/•/•■:/.—
Philadelphia, Pa.
Investment
by Insurance Com¬
panies in Housing Projects Urged
—Mayor Bernard Samuel
2
on
ment, particularly
in
by
large
for
amendment
code to
of
the
insurance
permit the acquisition of
land by mutual insurance compa¬
nies.
Under the present
Pennsyl¬
of Jan. 1 that the
bonded
In
meantime.
order
to
bonded
debt for
the next 16 years it will cost the
county $792,497.50 in interest, in¬
cluding $12,601.25 in coupons that
had not been presented for pay¬
ment by the last of 1944.
These
figures show the total amount of
bonded debt of Washington Coun¬
ty on Jan. 1, 1945.
V At
the beginning of 1944 the
bonded debt of Washington Coun¬
ty was $2,537,000, but during 1944
the taxpayers paid off $150,000 on
the principal and $108,636.25 in
c a r r
this
y
interest
on
the entire bonded debt.
■The year
1945 will see another
reduction in the interest down to
$102,286.25, but the amount of
principal will increase $10,000 or
$ltf(f,000 which must be paid off.
The
bonded
debt
payments
reached
their
highest peak in
amounting
bonds
when
1939
to
$180,000 were paid off and $148,593.75 was paid in interest on the
entire
debt, making a total of
$328,593.75.
This has now been
reduced, the total amount re¬
quired to pay on the debt and
its
bonds
the
total
1944-45
and
fiscal
for
in
to
year
the
excess
V---V/:/
made
retirement
the
by
Mayor is the second time during
the current fiscal year that bonds
have been redeemed.
Last July
the city retired a block aggregat¬
ing some $400,000, the Mayor said.
As
of
June
bonded
last, the city's
$14,247,550.
30,
totaled
debt
Thus, with the two payments this
year the debt is now under the
$13,000,000 figure.
- f
,1 •
In
1941
Mayor Bass obtained
authority
from
the
Tennessee
General Assembly to equalize the
bonded debt and set up an
orderly
At the
maturities.
of
program
time he entered into
same
tract with the holders
bonds to set
nooga
debt
a
in 1953
the total amount to be paid will
be $210,381.25.
The next year it
will drop to $198,031.25. Then in
1955 there will be a big jump to
$226,425, for in that year bonds
amounting to $195,000 will be paid
off. It will drop down in 1956 to
continue
each year until
in
and
$202,906.25,
it
1957
will
down to $164,768.75; but in
come
it will
back up slightly
to $168,075.
Then in 1959 will
come
a
decided drop down to
1958
go
$73,187.50 and in 1960, the last
of the bonded debt, the total
be paid in both bonds retired
and interest will be $15,637.50.
year
to
Yeadon, Pa.
Bond Sale Details—The $28,000
bonds awarded Dec. 29 to Schmidt,
Co., Philadelphia, as pre¬
viously noted in v. 161, p. 151,
were
purchased
by
the bond
house as IVss, at a price of 100.05,
a
basis' of about 1.121%.
Dated
Poole &
Jan.
1945
1,
and
from 1950 to 1970
due on Jan.
1
inclusive.
annual
approxi¬
toward meet¬
Bond
of
Wain-
wright, Ramsey & Lancester was
retained by the city t<? set up the
debt equalization program.
This
firm has been engaged in rear¬
ranging the maturity schedules for
the past three years.
There are
yet several issues which will have
be refunded
to
in
to
order
com¬
plete the program.
When the equalization program
the city had
started
was
bonds
its
issued
be
to
allowed
on
issuing
$85,000
improvement
SOUTH
the
met
would
have
Claremcnt, S. D.
'
Bond
Clerk
street
Sale
now
Details—The
states
impvt.
that
bonds
Allison-Williams
Town
Co.
tpe $6,000
sold to the
of
Minne¬
apolis—-v. 160, p. 2800—were pur¬
chased by the said firm as.23,4s,
at a price of 100.08, a basis of
about 2.735%. Due $500 from Dec.
designated in each of the' aiorebonds), they shall cease to
interest..
bear
"...
,
Corpus Christi, Texas
Offering Details
Bond
forced
to
re¬
Pre¬
—
liminary legal opinion on the $1,-
State-aid seawall and
500,000 2%
18—v.
on
sold
on
152—will
be
be
to
p.
the date of siJIe
and the final
opinions will be fur¬
delivery and pay¬
ment for the bonds, according to a
nished
after
supplemental notice
by
H. S.
City ; Controller. - The
Lowrey,
Controller also states that he will
furnish,
request, informa¬
the city's fi¬
upon
tion with respect to
nancial
condition
the record
and
of State aid to be received by
the
of the seawall
for support
city
and breakwater bonds.
Harris County
■f
some
been
on
said
(P. O. Houston),
T exas
-
Bond Sale—The
following semibonds aggregating $5,250,000,
offered for sale on Jan. 10—y. 161,
ann.
56—were awarded to a syndi¬
of Halsey, Stuart &
fund the issues in advance of the
p.
maturity dates and gamble on the
bond market. ;%■>-.
cate composed
When the debt
equalization pro¬
gram
was
launched the money
market was comparatively easy
and the city was able to obtain
favorable interest rate on
more
a
sary
It was neces¬
of its bonds.
many
to refund some $6,000,000 of
the
for
debt service will be about at the
schedule
that
so
outlay
the
point each year.
same
Moreover, by appropriating $1,-
and bond re¬
city will
be able to retire the bulk of the
$14,000,000 debt by 1967.
The
amortization
program
has been
scheduled so that the, $1,000,000
spent each year for debt service
will meet all interest charges and
000,000 to interest
tirement
each year the
maturities.
As the program, prog¬
necessarily the
interest
charges will be reduced and a
greater amount, of the $1,000,000
fund will be applied to redeeming
resses,
bonds.
v
In
■'•.■/■
order
to
complete the pro¬
it has been arranged, the
city still has some $400,000 worth
of bonds that must be refunded
gram as
that
so
will
their
keep
The
Bass'
maturity
schedule
the annual retirement
commitments
on
even
an
keel.
Mayor
City Commission, at
recommendation,
retained
Knoxvitle),
County (P. O.
Tenn.
School Bond Issue
General
to
^
Sotfghf-~-The
\
&
body
Union
Co.,
Securities
Corp., both Of New York, Strana-
han, Harris.& Co., Inc., of Toledo,
Equitable Securities Corp., Hemp¬
hill, Noyes & Co., of New York,
John Nuveen & Co., of Chicago,
R. S. Dickson & Co., of Charlotte,
Hornblower
&
Weeks, of New
York, Paul H. Davis & Co., of Chi¬
Geo. B. Gibbons & Co.,* Inc.,
Co., both of
cago,
Francis I. duPont &
New
York, Merrill, Turben & Co.,
Cleveland, New hard, Cook &
of
Co., of St. Louis, First National
Bank, of Memphis, Crouse, Ben¬
nett, Smith & Co., of Detroit, Fort
Worth
National
Bank, of Fort
Worth, Texas Bank & Trust Co., of
Dallas, Mahan, Dittmar & Co., of
San Antonio, Watling, Lerchen &
Co., of Detroit, Baum, Bernheimer
Co., of Kansas City, R. H. GoodWin & Co., ahd Lovett, Abercrombie
&
both
Co.,
of
Houston,
as
1.70s, at a price of 100.109, a net
interest cost of about 1.69%, qn an
all
or none
$2,250,000
basis:
;
■
<:
.
Series
Road,
/
v
A,
bonds.
;
1, 1946 to 1975, inclusive;
j
-1
:
,
:
1945
>
Due $75,000 from Feb.
no
option of prior payment. "
2,000,000 court
bonds.
Due
house
on
and
Feb. 1,
jail
as
fol-
V
lows; $66,000 in 1946 to 1955,
j;'
and $67,000 in 1956 to 1975.
(
Optional after 10 years. *
•1,000,000 road and bridge,/Series
i
C,
1943
bonds.:
Due $50,000
1, 1946 to 1985,'in-
from Feb.
=
elusive.-
years.
Optional
after
10
V-'1;
v
Flood Control Bonds Sold—The
above
syndicate
also awarded
was
.
Assembly is, being
enact
Co., Blair & Co., Inc., Kidder, Pea-
.,/'■/
to complete the program.
Knox
asked
DAKOTA
tional
terms
grouped in
years that
city could not possibly have
them.
Necessarily, the city
1945
bonds.
to
Bank,
(successor
to have maturities
as
such amounts in
are
Co., New York City
the Hanover Na¬
the paying agent
Bank & Trust
made available
firm
bonds
date called at the Central Hanover
est.
tion will be held on the question
of
for
161,.
year
Election—An elec¬
presented
bonds
Wainwright, Ramsey & Lan¬
caster firm for the current fiscal
Anderson, S. C.
Plans
not
payment
that said
In the event
breakwater
the
SOUTH CAROLINA
calls for payment on
Feb. 10, 1945, $28,000 5% Electric
Light bonds, Nos. 28 to 39, due
Feb.. 6, 1946 to 1951, and Nos. 45
to 60, due Feb. 6, 1954 to 1962.
Dated Feb. 6, 1925. Denomination
$1,000. Redeemable at the option
of the city at any time after 20
years.
The above bonds are part
of an authorize'd issue of $65,000.
Jan.
York
City
Bond Call—Frank F Stone,
Treasurer,
ing maturities and paying inter¬
New
"
,
con¬
mately $1,000,000 and agreed that
it would all be spent
;TEXAS
an
of
A bill
—
Canadian, Texas
.
of Chatta¬
up
fund
service
The
McMinn-
O.
authorizing the county to issue
$50,000 school funding bonds is
before the State Legislature.
brought
thereby
retirements
of
of $500,000.
The
(P.
County
ville)L Tenn.
Mark—Mayor Ed. Bass announced
recently that as of Dec. 1, the
city retired a $129,000 block of
city's bonds so they would
in
1944
amounting to
mature in "lean years," insofar as
$258,636.25. However, it will in-,
bond obligations were concerned.
crease
slightly in 1945 to $262,This plan, therefore, contemplates
286.25.
This will reduce in 1946
leveling off the bond maturity'
to $255,398.75. The reduction will
interest
mu¬
housing projects.
The
proposal, which was to be sub¬
mitted to the State Legislature
by the Council Committee, calls
-
the
tual insurance companies, in large
post-war
as
debt has now
$2,394,000, which
will be paid off in 1960, and the
county will be free of debt, pro¬
viding no more bonds are issued
a
Code to encourage private invest¬
into
been reduced to
Jan.
special program to
the Legislative Committee of the
Philadelphia
City, Council,
in
which he urged revision of the
Pennsylvania
State
Insurance
presented
stated
was
county's
(Philadelphia), Pa.
Plans
companies
Washington County (P. O. Wash¬
ington), Pa.
:
Bonded Debt Being Reduced-
Co.
company
insurance
the field of post-war housing.
Warren
1
1, 1950.
Proposed Bond Issue
/yiX'V.-y
Insurance Co. in the Bronx, N.
which
Dee.
,
City Hall received a vote of con-, the whole amount of the issue at
fidence in a popular subscription
the lowest interest cost to the
of $40,000—$25,000
to launch a City, which shall be determined
a
Monday, January 15, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
254
legislation
enab¬
the
$3,800,000.
Control District
of
100.06/
ling the county to issue $100,000
in bonds for anticipated
school
about
construction needs.
a
semi-ann,
bonds
at
Flood
a
price
net interest cost of
$3,000,000
Meigs County (P. O.
Decatur),
Tenn.
Would Issue Bonds—The
County
Quarterly Court will seek legisla¬
tive permission to issue
$60,000
school building completion bonds.
,
basis,
1.70%, on
follows:
.
all
an
or
none
as
as. l%s.
Due $150,000
from Feb. 1/ 1946 to 1965 incl.
$800,000
on
as
Is.
,
Due
$200,000
Feb. 1 in 1946 to 1949 incl.
( The next best offer
was
submit¬
ted by a syndicate composed of:
Harrimah Ripley & Co., Inc..
Volume 161
THE COMMERCIAL & FINANCIAL
Number 4351
First Boston Corp.,
V. 0
Blyth & Co.,
Fresh Water Supply plans, mostly in the "ready-to-go"
(P. O, Baytown), or preliminary preparation stage,
'
Texas
-V calling for expenditures > totaling
'
Bonds
Sold—It
is stated that $759,500,000.
"Jy't
Funds "currently available" to
$28,000 3 V2% semi-annual sewer
y't: revenue bonds were purchased at finance the start of the projects
District
-7;
;■/
■
No,
superintendent to confer with
Agent and Senator Frank
E.
Barber
relative
to
securing
legislative authorization for the
public power and irrigation proj¬
ects by Nebraska.
sum
8
m
"
Northern Trust Co.,
;•
•
Chicago, ;
■'
Smith, Barney & Co.,
.
Mercantile-Commerce Bank
par
Dec.
on
Co., St. Louis,
Lee Higginson Corp.,
Goldman, Sachs & Co.,
& Co.
Salomon Bros. &
•k; Pays
& Trust
B. J. Van In gen
Christie
B. V.
7 by
Dated Oct.
of Houston.
1,
1944(rMcAllen, Texas
Hutzler,
& Co.,
J
'
\(:;
Coffin & Burr,
Alexander Brown & Sons,
.
compliance with
Federal
the
i
a
i
Interest
Delinquent
—
In
recent order of
Court, the
District
Eldredge & Co.,
city has paid $120,000 in back in¬
terest due on $1,209,000 refunding
Illinois
bonds
Chicago,
Co.,
E. H. Rollins &
Sons,
.
by
defaulted
payments
Sept. 15, 1943, according to report.
Co.,
City National Bank &
City,*.
aggregating $95,000, as l3/4s,
par: $60,000 airport and $35,000
bonds
'
at
Dempsey & Co., v
Ryan. Sutherland & Co./
:
Fox, Reusch & Co.,
I
/ f
Boettcher & Co.,
.
" '
■
Martin, Bums & Corbett, f%
Field, Richards & Co.,
' 1
First National'Bank, St. Paul,
"
First National Bank, •
\-v /y
15
in
Due
incinerator.
years.
,
bonds
These
,
the voters at
approved
were
by
election held last
an
.
r
Minneapolis,
-
' "■
Bank & Trust Co. of New York, as
1
R. J. Edwards,
For
-
Inc.;
$5,250,000, 1.70s,.
(all
or
-
100.019
none)^
For $3,000,000,
!
T3/4s, and
"
v
$800,000, Is (all or none) 100.019
;
Offered—Hal-
Publicly
Bonds
Stuart & Co. and associated
underwriters made public re-of¬
sey,
fering of the bonds as follows:
Of
:
■
1.70%
the
Bonds, $2,250,000
Series
A,
due
1946-75, are priced to yield 0.40%
to
1.70%, according to maturity;
$1,000,000 Road and Bridge Bonds,
Series C, due 1946-65, are priced
to yield 0.40% to 1.70%, and $2,000,000 Courthouse and Jail Bonds
due 1946-75, are priced to yield
0.40% to 1.80%.
Of the Flood
Road
Bonds,
Control District Bonds, $3,000,000
194665, are priced to yield 0.45 % to
1.80%, and $800,000 Series B 1%
Series A, 1.75% Bonds, due
Tax Remission Bonds due 1946-49,
priced to yield 0.40% to 0.90%.
are
Road
The
Bonds
was
Co., both of New York;
America
of
National
Trust
awarded
Jan. 9 the sum of
on
$14,652,000,
out
of
$17,991,000
temporary loan notes offered for
sale
as
follows:
$314,000 .Fort
Housing Authority, Ind.;
$8,507,000 San Francisco Housing
Authority, Cal. (City and County),
notes, at 0.48%; $3,000,000 Alle¬
gheny County Housing Authority.
Wayne
°a., $1,800,000 Bremerton Hous¬
ing Authority. Wash., notes, at
$135,000 Twelfth Series,
Charleston Housing Authority, S.
7.50%;
C., notes, at 0.52%; and $230,000
Annapolis Housing Authority, Md
$183,000 Conway Housing Author¬
ity t„ Ark., and $483,000 Scrantor
Housing "Authority, Pa., notes, at
3.54%.
All plus small premiums.
Salomon Bros.
Messrs.
non-call¬
are
group
&
Savings Association, of San
Francisco; National Bank of De¬
troit, Union Trust Co., PittsburghMessrs, Brown Bros., Harriman &
Co., New York Trust Co., both of
New York; Northern Trust Co.',
of Chicago; National City Bank, of
Cleveland; First National Bank, of
St. Louis; First National Bank, of
Boston, and many banks in other
cities was the high bidder, and
f
v
'
& Hutz¬
able; and the Courthouse and Jail
and
Series C Road and Bridge
Bonds are callable on and after
ler, of New York, were the suc¬
cessful bidders for the $1,000,000
Feb.
Housing Authority, S. C., notes, at
0.50%, plus a premium of $23.00;
and
the
$1,120,000 Rock Island
,
1, 1955, at par and accrued
interest.
V
Net bonded debt of the
county,
1.70% Bonds, is
$14,027,934, and net bonded debt
the
including
the Flood
of
$5,246,431.
opinion of counsel,
the
In
the
1.70% Bonds will constitute valid
legally binding obligations of
Harris County, the Series A Road
Bonds being payable from ad val¬
orem
taxes levied upon all tax¬
and
able
the
as
rate or amount,
Bridge Bonds and
to
and
Road
without
therein
property
limitation
the
and
Courthouse
being
payable
taxes
levied
upon
Bonds
Jail
ad
valorem
all
from
taxable
property within the County with¬
in the limitations of 15 cents and
25 cents,
respectively, per $100 of
'
'
In the opinion of counsel, the
Series A
Flood Control
B„onds,
which were authorized at an elec¬
valuation.
V
tion, are payable from ad valorem
taxes
on
all
taxable
property
within the limitations of
15 cents
$100 valuation, and the Series
B
Bonds are supported by half
the ad valorem taxes for general
per
purnoses
of
for
Texas
10
collected
within
years
Thirteenth
by
the
County
Harris
beginning
State
Sept.
1939.
1,
Series,
-
Charleston
Housing Authority, 111., notes-, at
3.54%, plus
Control District, in¬
cluding the 1.75% and 1% Bonds,
is
currently
available
(o
finance
public works construction; what is
the extent (in dollar volume) of
construction projects in the com¬
pleted ready-to-go stage, and what
is the extent of construction proj¬
— but
among
other
listed were
irrigation,
drainage
and soil conservation
schools,
projects
the 24 States to answer to
questions; what funds are
etc.
the
in
ects
preliminary
stage?
The
design,
preparation
idea
or
summary:
Ready-to-go Stage
*$75,000,000
$195,000,000
,
$166,000,000
—;
_
.
*5,600,000
45,000,000
12,000,000
13,600,000
*134,525,000
1,290.000
Florida
2,385,000
Georgia
100,000.000
31,741,000
14,000,000
15,000,000
60,000,000
Louisiana
64,078,000
*10,000,000
Indiana
82,644,000
Illinois
;
25,000,000
Maine
Maryland
40,000,000
9,344,000
.
.J
i
6,400,000
1,500,000
Nebraska
_______X'
___i
*1,571,846
2,500,000
7,658,000
$455,454,000
25,000,000
T
60,000,000
Hampshire
York
163.000,000
65,400,000
*§114,000,000
1,500,000,000
61,535,000
190,000,000
197,410,000
25,000,000
11499,200,000
Oregon
150,000,000
Pennsylvania,
2,850,000
■'
Utah
25,000,000
:'_t
:,'V
8,000,000
,
Total.
■
823,039,686
3,917,453,000
premium of $34.00.
a
Messrs. Harriman Ripley &
were
$430,000
Greenville
for
service
the
program
v
have, requested
thority, S. C., notes, at 0.53%, plus
ported Dec. 25
turns
so
far
on
24
States
view
of
the
mounting
opposition of both States and local
political subdivisions to the taxfree status of the large areas of
property acquired by the Federal
Government, particularly during
the
war
period, the following
statement
listing the 36 States
which
specifically exempt such
holdings from taxation is both
pertinent and timely
United
cifically
States
property
is spe¬
exempted from taxation
by 36 States, while three States—
Kentucky, Louisiana and Minne¬
sota—exempt
property"
"public
from taxation but do not
expressly
refer
property,
United
to
States
the
In
States,
to the Council's infor¬
remaining
according
nine
laws
State
States
Five
—
Florida,
Idaho,
consent of
on
Nov.
Congress; in Idaho the
went
7
as
before
a
the voters
constitutional
amendment, and was approved.
$823,039,686 in pub¬
lic
works
projects
have
been
blueprinted and are in the "ready-
Alabama, U. S. property is
taxable except where it is barred
to-go" stage in 24 States, and can
go into construction as
soon as
Georgia, North Carolina and
Pennsylvania—the remaining
than
manpower
-
and
materials
available, the Council reports.
are
In
by constitutional provision.
three
States—impose
taxes
on
certain forms of property owned
exclusive of by the Federal Government, ac¬
post-war
highway
construction,, cording to the Council's report.
Provisions of the laws of the
though 10 of the 24 States also
reported
highway
construction three States on the subject:
'•
The
figures
are
ad valorem
subject to
from
shall
activties,
be
excluded
is
from
the
list
of property
exempt from taxation,
Pennsylvania: The tax exemp¬
tion of public property used for
1924
in
Outstanding
was
This account was
overdrafts
of
accumulation
they
found
trustees
It has been
the books for years,
on
variously been up and
down. The high mark was $28,000
in 1932.
In recent years this ac¬
count has been successively re¬
and
has
and
duce
during
past fiscal
this
the final $5,000 balance was
liquidated.
At the same time the village re¬
year
.
tired
issue
of
$5,000 of its 1934
system bonds. for
another
water
pipe line
new
and reservoir
tanks, leaving a balance at year's
end of $45,000. The original issue
was for $90,000.
/,
With other routine reductions,
village
cut
indebtedness
bonded
by $38,500, which, taken
together with the $5,000 paid to
close: out
Outstanding Trustees
Orders, gave an aggregate debt
reduction for the year of $43,500.
VIRGINIA
Details—
Offering
previously noted in v. 161, p.
56, that the city is inviting sealed
bids until noon (EWT), on Jan.
17 on an issue of $500,000 coupon,
series
of
1945, water improve¬
We
from
Aside
bonds.
ment
ground thereto annexed and nec¬
essary for the enjoyment of the
same
shall not be construed to
and bidder is
able
which
otherwise
owned
is
of the
agency
ernment.; f-w :
or
tax¬
held
by
Gov¬
Federal
lowing has been made available:
Rate of interest not to exceed 2%
than par will be
urer's
Vt.
recent meeting of the
Board
Water Superinten¬
A. Holden presented
Selectmen,
dent
Justin
report from the Albany, N'. Y.,
engineering firm of Barker &c
Wheeler, based on a recent in¬
spection and tests of the local
water
system. ^Considering
the
a
probable growth of the town, its
present and prospective peak wa¬
ter
consumption
and
chemical
analysis of the water, the report
prepared by Robert Wheeler rec¬
ommended installation of a rapid
sand
filter plant at Pleasant
Val¬
Reservoir, and estimated its
cost tentatively at $152,000, plus
certain extra costs expected to run
ley
into
bonds
and
that
discussion
hearing
the
of
Holden's
town
should
the
report
suggestion
take
pre¬
paratory steps now toward a fil¬
.
will
be
terest cost to the
be determined
City, which will
by aggregating the
interest payable by the
the
life
ance
of
the
with the
bonds
City over
in accord¬
of each bid
terms
presented, and deducting there¬
from the premium, if any, stipu¬
lated in • said proposal.
Principal
and interest payable at the City
Treasurer's
The
office.
entire
issue will be
used for the purpose of improv¬
ing
and
increasing
the
City's
water supply, and the bonds will
be issued pursuant to the pro¬
visions of Section 127(b) of the
Constitution of Virginia and the
from the
proceeds
faith
and
credit
of the City
is
pledged to secure the payment
of the principal and interest of
said
bonds.
Bonds
will
be
delivered to the
plant installation when purchaser as soon
feasible, the selectmen authorized 1945, as is possible.
tration
awarded to
the bidder offering the lowest in¬
full
several thousand dollars.
After
considered. Dated
office.
The
Water Filter Bonds Discussed—
a
required to name a
single rate, expressed in multiples
of 1 / 10th of 1%.
No bid for less
1, 1945 (not Feb. 10, 1945),
and payable as'to principal and
interest (F-A) at the City Treas¬
VERMONT
of
infor¬
the fol¬
Feb.
:;;v;
Brattleboro,
At
5
•
Charlottesville,\a.
mation already reported,
property
were
spending more than they received.
public purposes together with the
include
by.
eliminated
account
year
Additional
estate
"indirectly" owned by the United
States
into complete
company
taxes ex¬
Real
year.
village
came
other
when
hibit such taxation.
Carolina:
of the
$250,000 bond issue.
a
past
cept insofar as the Federal Con¬
stitution and Federal laws pro¬
North
start
finances
elimination
the
;
distinguished
as
Governmental
prevails:
took
question
More
prietary,
mation, the following situation as
to tax exemption of Federal prop¬
under
.
All property owned
by Federal corporations and agen¬
cies engaged in this State in pro¬
Georgia:
an
reported today.
survey
tivities.
r-f
remainder "definitely" proposed.
Specifically
States
Exempt U. S. Property from Tax¬
ation—In
of
to determine,:the progress
"State post-war planning ac¬
the
was
!f$162,600,000 in design stage;
Thirty-six
steps in 1943 to prepare for
taxation of Federal property upon
a
blueprints for this amount
prepare
cash on
$2,258.04 over
up
at
the
^Oklahoma's public building fund accumulated from sale of petroleum from state-,
wells;' breakdown;
flood control—$47,000,000; Irrigation—$12,000,000;
public
soil conservation—$25,000,000; rural electrification—$25,000,000.
All the five States except Idaho
in
and state forest and
of which is scheduled
v
owned
re¬
the basis of re¬
from
f1,:::'
buildings—$5,000,000;
the
development,
Council of State Governments
"'s;V
'-.-i-G'"; *
premium of $4.00.
strurtionc and
to
funds
public works, projects,
Iowa, Texas and Wisconsin—pro¬
Post-War
Projects for
States pose to tax the property of the
States, whether real or
Valued at $4 Billion-^The States .United
are
"making'progress" in their: nersonal, as soon as the Federal
oreparations for post-war recon- Congress permits such taxation.
a
10%
$17,000,000;
amounting to
postwar year,1,
departments
tState
of postwar
Au-. erty
Housing
10-year
first
pipe line and reser¬
new
tanks.
The village
an
proposed public:works projects.totaling $17,525,000
tlncludes
park
•''' ■'
$160,000,000.
the Council of State Governments
Co..
the successful bidders
for the $789,000 Nineteenth Se¬
ries/Allegheny County Housing
Authority, Pa., notes, at 0.49%',
olus a premium of $5.00; and the
Inc.,
about
total
the
voir
Trustees Orders.
the
reported
bonds of 1934 for the construction
this
60,423,000
following State highway programs:
California post¬
highway construction program of $80,000,000 to be , financed by State gas tax
revenues;
Connecticut, $32,000,000 of highway projects in design or blueprint stage;
Illinois, $19,000,000 of highway projects ready to go,
$50,000,000 in preliminary
stages of preparation; Massachusetts. $100,000,000 highway program under considera¬
tion; Michigan, blueprints ready for $10,000,000 in highway construction, plans in
various
stages of
preparation
for $125,000,000 of highway construction; Nevada,
$3,500,000 in highway plans blueprinted, $20,000,000 in design stages; New Hampshirefigures; do not cover highway program of $25,000,000, some of which plueprinted;
New
York, $392,000,000 highways and bridges program in design state or contem¬
plated;
Oklahoma,
$75,000,000
highway program
in blueprint,
ready-to-do stage;
Tennessee, $10,000,000 surplus in highway fund; West Virginia, $60,000,000 state road
program
already blueprinted; Florida, state roads department
10-year program to
States
*These
Out¬
Trustee
Orders
and
reached the halfway mark in re¬
tiring the $90,000 issue of water
The
40,000,000
16.000,000
;
Wisconsin
for
account
the
out
floating
24,000,000
*44,000,000
4,376,000
1,208,749,000
West Virginia
closed
standing
Fairbanks
30,000,000
7,902,000
Vermont'
wiped off the books
village
during 1944 the $250,000 original
water system bonds, issue of 1924,
original water bonds. The village
acquired
the
system
from the
28,268,000
6,000,000
6,000,000
Tennessee
The
water system
*300,000,000
§344,000,000
Johnsbury (Village of), Vt,
Original Water Bonds Retired—
ownership by the village with the
retirement of the final $14,000 of
*500,000
560.840
420,000
St.
Highlighting
*108,000,000
.
appeared practical
observed,
to erect the plant, it was
of the two accounts.
*25,000,000
5,000,000
36,950,000
Michigan
a
The
for the past year was
146,689,000
40,000,000
.
rowed until it
hand
355,406,000
13,000,000
8,961,000
_
Massachusetts
such
for
be required.
would not need to be bor¬
money
hand,
20,000,000
,
bonds
would
village reduced its debt
during the 1944 fiscal year by
$43,500, kept $3,488.74 within its
budget appropriations and ended
the year with $8,537.25 in cash on
orldea Stage
14,000,000
1
Connecticut
issue
to
as
The
in Design, Prelim.
Prof, in Completed,
Works Construction
California
town
of
Constructs Projects
Construction
Funds Curr. Avail,
Town
Extent of
Extent of
war
^
Chrlstensen, and
a
Trust
Bank
^
Co.,
Peters, Writer &
of
of banks which
includes the National City, Bankars
McClung & Knickerbocker,
Miller, Kenower & Co.,
1
Notes—The
$17,991,000
nead
E. Lowber Stokes & Co.,
Author¬
Award
Chemical
Units
Housing
?;
,
cil by
three
Oklahoma1
;
i
projects call for
buildingsbuildings, hospitals,
office
formation forwarded to the Coun¬
New
'■■•-V/
Federal Public Housing
New burger & Hano,
Russ & Co.,
State
of in¬
summary
a
New
United States
ity—Local
Piper, Jaffray & Hopwood,
the
of
Nevada'
UNITED STATES
.!
R. N. Eddleman Si
Most
construction of public
New Jersey,
*'
Townsend, Dabney & Tyson,
,
1
<
(
,
*
'
July.'
.
Following is
to Finance Public
H. G.
Richards, City Secretary, that W.
J. Lackey & Co. of San Antonio
recently purchased the following
^
J. M. Dain & Co.,
nancing.
States-
Sold—It is stated by
Bonds
Co.,|;-
Trust Co., Kansas
$1,208,749,000 for 21 of the
States, the figure in some cases
"pledged"
to
post-war
public
works projects, in other cases al¬
ready allocated, and in other cases
listed
as
"general surplus" but
available
for
public works fi-.
Taylor, Texas
Kebbon, McCormick & Co.,
McDonald &
.interest
on
Milwaukee Co.,
Mullaney, Ross & Co.,
Cruttenden & Co.,
action
bondholders against
local officials. The city originally
brought
Braun, Bos worth & Co., Inc.,
Wisconsin Co., Milwaukee,
contempt
from
order
court
The
1939.
resulted
C. F. Chi Ids & Co.,
G. H. Walker &
of
total
the
projects by Colorado; State forest
and
park projects by Florida;
housing and grade-crossing proj¬
ects by New York; water works
and
sewers
by
North Dakota;
Harris County
v
'
Lazard Freres & Co.,
255
CHRONICLE
after Feb. 1,
The City will
rwTJsrajirj,:
wn.P'fflSWJSSSrr:w.r,-r.^
ajy£iTjij» •/r.jKV-,
THE COMMERCIAL & FINANCIAL
256
Pierce
all property within said
City, subject to taxation by said
City without limitation of rate or
amount. Enclose a certified check
on
upon
for
000 road bonds
F.
^
purchased last Octo¬
ber by Fordyce & Co., and Wil¬
liam P. Harper & Son & Co., both
of Portland, jointly, at a price of
i;
j;
$96.50,
144.
'■V','',
V
r-
Due
,'
1966.
10
date
turity to
a
Association
re¬
of tax payments are
month
commencing
with the first quarter due in Jan¬
uary and the last quarter due not
later than July 31.
Facts and figures on
experience under the installment
system since 1940—the plan was
adopted in 1933 and revised in
1940—show a steady decline in
delinquency"-from
to
1.7%
5.48%
1943.'
in
in
>
personal property tax
collections in 1944 totaled $1,523,661 out of a complete tax roll of
WISCONSIN
.:
pay
officials believe
is
one
of
basis
a
payers.
dollar price of 97.50
acceptable
\
21A% on deben¬
July 15,1941,
tures which matured
respect of the
Jan. 15, 1945.
Payment will be made at any
branch of the Imperial Bank of
Canada, in Canada, or at the Bank
and Jan.
ing
$303,440
to
100%.
of
history
Manhattan
of
matured
will
don, England.
ONTARIO
city
the
to
Forest Hill, Ont.
$550 yearly was brought about
Bond
Due
the
simplest
to
the
■
..
tax¬
!
to
collected by the
The interest,
to the
county, totaled $859 this year. All
in
all, this brought about an
eventual yearly saving of $350,
to July 31.
up
which otherwise would go
than
first
an
are
installment is paid.
an
serially February 1,1946 to 1975, inclusive
four
stubs
imme¬
detached
diately.
Bonds
are
non-callable.
thereafter
time
■
The $1,000,000 Road and Bridge Bonds ana- the $2,000,000
at par and accrued interest on February 1, 1955 or at any
thirty days' published notice.
upon
Besides being inexpensive, the
is simple and ac¬
curate to operate, the Association
,
collection plan
will, in the opinion of counsel, constitute valid and legally binding obligations of Harris
County, the $2,250,000 County Road Bonds being payable from ad valorem taxes levied upon all
taxable property therein without limitation as to rate or amount, the $1,000,000 Road and Bridge
Bonds and the $2,000,000 Courthouse and Jail Bonds being payable from ad valorem taxes levied
upon all taxable property within the County within theJimits prescribed by law.
These Bonds
said.
(State of)
Wisconsin
in
Balance
General
Fund
Re¬
duced—The balance in the State's
fund decreased to $17,of Dec. 1 from $17,966,month earlier, the monthly
general
$1,000,000 Road and Bridge Bonds, Due 1946 to 1965
$2,250,000 County Road Bonds, Due 1946 to 1975
Prices to
■
yield 0.40% to 1.70% 33'.-■;
Prices
-
to
237
yield 0.40% to 1.70%
Prices to yield 0,40% to 1.80%
-
,
*
in the fund is exclusive
of
a
$30,000,000 investment in
U. S. Government bonds. General
surplus
''
•
a
as
report of John M. Smith, State
Treasurer, showed on Dec. 22. The
$2,000,000 Courthouse and Jail Bonds, Due 1946 to 1975
f.
689,290
for November
$16,635,427 and dis¬
aggregated $15,912,375.
fund ,recei pts
amounted to
$3,800,000
bursements
The
Harris
County,Texas, Flood Control District
\ZA% Series A Bonds
v
Due
,
serially February
1946
1,
to
1965, inclusive
-
,
1
•
the
Among
T
/
,
opinion of counsel, the $3,000,000 Series A Bonds, which were authorized at an election, will constitute valid and legally binding obligations of the Harris County Flood Control District payable from
ad valorem taxes levied upon all taxable property therein within the limits prescribed by law, and the
ri
$800,000 Series B Tax Remission Bonds, together with $1,645,000 Series A Bonds previously issued
and now outstanding, will constitute valid and legally binding special obligations of the Harris County
Flood Control District payable solely from one-half of the State ad valorem taxes for general revenue
<.purposes collected within Harris County which have been donated by the State for a period of ten
years beginning September 1, 1939:. '
-Iff.
'"7-3
'3:3 3: ■' 33\3
revenues
obtained
by the State in November, gaso¬
line taxes yielded $1,742,069, com¬
pared with $1,711,470 in the cor¬
responding 1943 period.
In the
first 11 months of the year re¬
,
,
■
$3,000,000
Prices
The Bonds
1 %%
to
are
Texas and
which
yield 0.45%
yield 0.40% to 0,90%
legality by the Attorney General of
obtained in any State in
:
only from such, of the undersigned as are registered dealers
.\
in compliance with the securities law in such State.
offered when, as and if received by us and subject to approval of
this
is
announcement
are
offering
these
circulated
securities
from this source totaled
$17,270,369, against $15,952,227 in
ceipts
the first 11 months of
Ciearet tax
1942.
receipts declined to
355,055 in November, from $384,in
the
1942
month, while
revenue from liquor taxes gained
569
Prices to
1.80%
to
1% Bonds, Due 1946 to' 1949
$800,000
1965
to
by Messrs. Vandewater, Sykes & Galloway.
and
1
Bonds, Due 1946
The offering circular may be
going
slightly,
to
UNION
KIDDER, PEABODY &. CO.
BLAIR & CO., INC.
SECURITIES CORPORATION
STRANAHAN, HARRIS & CO.
INCORPORATED
EQUITABLE SECURITIES CORPORATION
R. S. DICKSON &. COMPANY
HEMPHILL, NOYES 4, CO.
HORNBLOWER & WEEKS
INCORPORATED
t
.
,
JOHN NUVEEN &, CO.
PAUL H
,
.
GE0*
B".^i?p?R?«? & C0*
FRANCIS I. DUPONT & CO
i
Would Earmark Gas Tax Reve¬
vt
FORT WORTH
FORT
CROUSE, BENNETT, SMITH & CO.
DETROIT
TEXAS BANK &, TRUST CO.
WORTH
DALLAS
WATLING, LERCHEN &, CO.
BAUM, BERNHEIMER CO.
DETROIT
R. H. GOODWIN
HOUSTON
February .1,
& CO.
KANSAS
CITY,
MO.
LOVETT, ABERCROMBIE & CO.
HOUSTON
1945. Principal and semi-annual interest, February 1 and August 1,
payable in Houston, Texas
January
15,
1945,
.
1959, inclusive.
25,000.00 school
;
bonds.
in-1945
15
Dec.
elusive.
to
Due on
1954, in-
;
.QUEBEC
Quebec (Province of)
Bond Sale—A syndicate headed
by L. G. Beaubien & Co. of Mont¬
real, recently purchased an issue
of
$22,970,000
3%
refunding
bonds.
Dated Nov. 1, 1944.
De¬
nominations $1,000, $500 and $100.
Due Nov. 1, 1959.
Callable on
or
after Nov. 1, 1957.
Principal
and
interest
(M-N) payable in
lawful money of Canada in Que¬
bec, Montreal, Toronto, Winnipeg
or Vancouver.
In the opinion of
counsel these bonds will be di¬
rect
and
obligations of the Province,
a charge as to prin¬
will be
cipal and interest upon the Con¬
Revenue Fund of the
solidated
Fund of an
least 1% of
face value of the outstanding
Province.
amount
the
bonds
A Sinking
equal to
this
of
at
issue
will
Jan.
which
will be
10
Highway Commissioner James R.
Law has proposed that the State
$28,000,000 annually on
during the initial
following the war.
The
trunk highways
be
pro¬
Legality
ap¬
proved
by
He ward,
Holden,
Hutchison, Cliff, Meredith & Col¬
lins, Esqs., of Montreal.
vided
annually.
underwrit¬
in addition to L. G.
Beaubien & Co., includes: Royal
Securities Corp., Nesbitt, Thom¬
son & Co., Collier, Norris & Quinlan, Savard, Hodgson & Co., Rene
T. LeClerc, Inc., all of Montreal,
Mills, Spence &
Co., McLeod,
Young, Weir & Co., Bell, Gouinlock & Co., all of Toronto, Mead &
Co., McTaggart, Hannaford, Birks
& Gordon, both of Montreal, Har¬
ing
groups,
rison
&
Co., of Toronto, Midland
Securities, Ltd., of London, Kerri¬
gan, MacTier & Co., of Montreal,
Gairdner & Co., Cochran, Murray
& Co., both of Toronto, J. E. Laflamme, Ltd., of Quebec, W. C.
Harris & Co., Bartlett, Cayley &
Co., both of Toronto, Clement,
Guimont, Inc., Laguex & DesRochers, Ltd., J. C. Boulet, Ltd.,
all of Quebec, Anderson & Co., of
Winnipeg, R. A, Daly & Co., To¬
ronto, La Corporation de Prets of
Quebec, Hamel,. Fugere & Co.,
both of Quebec, Societe de Place¬
ments,
Bros.
&
Inc., of Montreal, Burns
Denton, of Toronto, Des-
jardins, Couture, Inc., J. C. Rogers
yearly outlay prior to Pearl Har¬
& Co., both of Montreal, Oscar
bor was only $13,500,000.
Dube & Co., Garneau, Boulanger,
Ltd., both of Quebec, Matthews &
Co., of Toronto, Societe Generate
de Finance, Inc., of Montreal, A.
M. Ramsay & Co., of Toronto, P.
Canada (Dominion of)
E. Letourneau, Inc., Credit AngloTreasury Bills Sold—An issue
'
or
New York
Bonds in the denomination of $1,000. The information contained herein has been carefully compiled from sources
considered reliable and while not guaranteed as to completeness or accuracy, we believe it to be correct as of this date.
Coupon
on
requested by interim committee
on highways to dedicate gasoline
tax revenues exclusively for post¬
war
road
construction.
State
CLEVELAND
MEMPHIS
NATIONAL BANK
MAHAN, DITTMAR &, COMPANY
Dated
convene
spend
MERRILL, TURBEN & CO.
'
THE FIRST NATIONAL BANK
*
City.
will
decade
NEWHARD, COOK & CO.
THE
v
■
DAVIS &. CO.
CHICAGO
from
$393,069
$392,872.
nues—The State Legislature
3 HALSEY, STUART & CO. INC.
in
3,594.45 local improvement bonds.
Due on Dec.
15 in 1945 to
Underwriters —The
Government bonds.
In the
;
$27,340,616 on Dec,
compared with $34,182,111 on
1.
These figures also are
exclusive of the investment in
1,
Nov.
1 % Series B Tax Remission Bonds
,
surplus in all funds of the
totaled
State
15
In
payment.
the
on
7,177.93 local improvement bonds.
Due on Dec. 15 in 1945 to
The
event of full pay¬
ment in January or February, the
bill is marked "paid in full" and
Due
1949, inclusive,
to
3; 1954, inclusive.
type printed so that the city col¬
lector can detach one stub each
time
Dec.
bonds.
costs
taxpayer retains his bill on which
the payment of each installment
is recorded each time he makes a
are
v.
-
1945
four-stub
of the
bonds
follows:
as
$1,762:13 local improvement
glance would indicate.
bills
160, p. 2704,
the Village
divided
.
in
increase
Wood* Gundy & Co. of Toronto,
a price of 100.10, v.
it is po\y reported by
Treasurer
that- the
linquent* taxes
city
$37,534.51
debentures
semi i annual
.
at
posits, as well as interest on de¬
Tax
Federal Income Taxes
County,
Bonds are subject to redemption
Jail
and
Courthouse
Road
Details—In connec¬
Sale
2% %
1.70% Bonds
*
>
County
$2,250,000
,?■>,
,
collected
•
The
Lon¬
,' '
Lloyd's Bank Limited, in
of
amount¬
were
cost
in New York
Co.,
In the case of debentures
July 15, 1941, payment
also be made at the office
City.
This, however, was offset by sav¬
ings on contributions to the State
insurance fund to insure bank de¬
$5,250,000
,
ending
3333 ■•■33.3 3'r
rather
Harris
15, 1942, in
half-year(
their four-
bringing in the most revenue on
a
for the first ma¬
and at the rate of
tion" with the sale of the
effective plan for
an
Province
by adoption of the four-pay plan.
devised, and study of the results
indicates it is
debentures of the
Plan—
plan of collecting taxes in in¬
stallments
made by the
in the opinion of counsel, from present
Oshkosh's
in
time
An 'additional
perience Under Four-Pay
City
Interest
$1,550,519 to attain the 1.7% de¬
linquency figure. Perhaps for the
Oshkosh, Wis.
City Reports Favorable Tax Ex¬
of
Real and
first
(Province of)
Payment—Holders
Alberta
of
which
matured Jan. *15, 1939, are being
advised that interest is being paid
at the rate of 2V2% in respect of
Oshkosh's the half-year ending Jan. 15, 1945,
every
tax
1945
ALBERTA
plan, the Municipal
25%
ports,
due
as
Interest exempt,
the
Officers
personal property taxes
dated Jan. 1, 1945,
yield of 0.35%
Principal and in¬
after issuance.
_
,1
winning group on the basis
more
or
offered Jan. 9—v.
and re-offering was
interest
on any
years
Co., and Cruttenden & Co.,
jointly, for $140,000 4s, and $860,000 Is, at par; net interest cost
1.073%,
v;
$840,000 Is, due $40,000 on Jan. 1
inclusive. All of
and $4,000 in 1962 to
Redeemable
payment
&
of $1,000,-
p.
the bonds are
Under
Finance
1940
Phelps, Fenn & Co., A. E. Masten & Co., W. H. Newbold's Sons
from 1950 to 1970
Dated Nov. 1,
1,; $3,000 in
Nov.
on
1947 to 1961,
cago, and Braun, Boswdrth & Co.,
jointly for
$160,000 7P/2S,
and
$840,000 Is, at 100.057; net inter¬
$160,000 3s, due $40,000 on Jan.
from
1946 to 1949 inclusive,
1
Monday, January 15,
'
follows:
basis of about 2.83%. De¬
a
nomination, $1,000.
V. > vV
HV."
.
were
ft?. :•'
Trust
Co., Chicago;
Harris Trust & Savings Bank, Chi¬
nahs, Ballin & Lee, all of New
York, at a price of 100.06, a net
interest cost of about 1.0569%, as
Elmer, Town Clerk, that $65;2Vz% special sewer revenue
000
bonds
Northern
152—was awarded to a
group of the Bankers Trust Co.,
First of Michigan Corp., and Han¬
161,
is stated by H.
Sold—It
interest cost 1.06%.
Virginia (State of)
West
Bond Sale—The issue
WASHINGTON
Bonds
&
est cost 1.072%.
Treasurer.
GrandvieW,. Wash.
Byllesby
3s, and $840,000 Is, at 100.02; net
VIRGINIA
WEST
payable to the City
$10,000,
Contem¬
Not
Offering
Bond
Co., and Fox,
Reusch & Co., jointly, for $160,000
M.
plated—-It is stated by L. R. John¬
son, Chief Deputy County Treas¬
urer, that no action has been taken
as yet regarding the issuanace of
the $2,000,000 construction bonds
approved by the voters at the Nov.
7 election.,;
3'
i;.
:
obligations
of the City and that the City has
power and is obligated to levy ad
valorem taxes for the payment of
•said bonds and the interest there¬
East¬
Co.,
&
Parsons
follows:
as
were
Dillon & Co., Otis & Co., H.
man,
Wash.
(P. O. Tacoma),
valid and binding
are
Graham,
Tacoma Sch. Dist.
County,
at the sale
bids
of the Town Treasurer.
*iAA.iU^SiiViJ^v,«nwiiW^w
'lii'i? i>hYft&WwW,!WA4vJ'i*"WM
CHRONICLE
1970. Other
the bonds due in
for
(M-N) payable at the office
terest
the cost of printing and pre¬
paring said bonds. The purchaser
will be furnished, without cost,
with the opinion of Wood, Hoff¬
man,
King & Dawson, of New
York City, stating that the bonds
pay
v,M-*»-j
4 i'l uil«" J
I
.(us. .iv:>,
of
$65,000,000 Treasury
bills was
Francais,
Ltd.,
Credit
Interpro-
of 0.371%.
yield vincial,. Ltd.. Canadian Alliance
Dated Jan. 12, 1945 and Corp., Paul Gonthier & Co., and
due April
13, 1945.
sold
on
Jan. 11 at an average
.
,,
,
,.
Lajoie Robitaille & Co.
@FedFRASER