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MONDAY
MP
111944
JUN
ommetciaL
efha&
RAILROAD
of
dividend
A
stock,
no
ments
last
25
cents
',
21. Pay¬
25 cents
17, 50 cents each.—V. 158, p. 1525,
value, payable Feb. 1 to holders of record Jan.
were as follows:
Feb. 1, May 1 and Aug. 2,
par
year
each; and Nov, 1 and Dec.
Wipe Out Dividend Arrearages—
10 voted to call a special meeting of stock¬
for Feb. 3 to pass on a proposed merger of the company and
directors
The
holders
Jan.
on
subsidiary, Society Brand Corp.
its
The plan would eliminate the
31 i
Oct:
517.
bearing interest at 5%.—V. 157, p.
ifi debentures
.
(Excluding Chinese Subsidiaries)
Sept. 30—
profit from oper. $17,988,332
Net
Income..
Fed.
for
Reserve
Oper.
incl.
taxes
Prop, retire, res, approp.
Net
oper.
revenues
.
Rent for lease of
<net>
Gross.
Net
adj.
capital
Los Angeles
'$4,340,374 $16,418,645 $15,268,738
2,094,485
2,130,338
534,843
$3,805,531 $14,288,307 $13,174,253
work¬
on
44,228
40,391
198,899
196,708
■•'applicable' to
,minority, interests A-
''171,080
400,186
Philadelphia
240,927
company*"
equity of
in.inc. of
■'
'
subs.
$3,757,722
,
Curb
Montreal
Toronto
equity
of
244
245
Exchange.
245
American Gas &
247.
Period Ended Nov. 30—
247
Other
$3,762,576"
Total
Expenses <fc other chgs,, v.including taxes A—i'-v
598.908
•
Int.
debt
expense
;;
.
425,526 ;
a';'/''v.%
public & amort,
discount;, and
to
of
General Corporation and
$3,793,780 $14,263,036 $13,519,442
State and City Bond
• • ■
1,710,274
1,638,363 "
Dividends Declared! and
%
'
1,180,977
1,348,571
$1,982,691
$2,019,683
$7,720,492:-$6,361,026
--
Balance
—
'AtiPnflH
unearned.
or
K
4,854
4-%'
Other
■
$3,191,905
from subsT—
Income
Total
$3,196,759*
—
Expenses <fc other chgs.,
including taxes
Int.
&
amort, of debt
-
;
.
discount
•
and
Federal
1,638,363
425,526
.
j
...
6Fed.
256
248
: Other
taxes
Other
4,904,181
Reserve
Interest
Banks of
System
.
24,198.622
23,186,142
276,153
267,711
2,078,926
607,158
24,474,776
7,218,972
23,453,853
88,302
33,240
323,692
income
Other
258
323,692
835,877
3,884,098
1,114,835
621,074
12,535,827
9,685,924
493,760
2,849,903
810,666
599,845
funded debt
deducts.
on
and
int.
pfd. stock—
Divs,. on
Exchange...-4-^; 231
231
Stock and Bond Averages.-.___.____._,_.-i 231
Capital Flotations for December and ,1943
Calendar Year.a;..... 251
775,206
subs.
;
.
377,628
'
■
Gas
Amer.
Sept. 30, 1943
409,517
i
3,884,098
:
3,999,827
-
;•■
of subs.
377,628
493,760
stk.
775,206
621,074
54,164
54,164
63,338
64,162
2,215
•
,
2,849,903
3,999,827
9,685,924
649,978
770,352'
44,144
7,861,103!
649,9 78
822,464
32,366
consul.:
subs,
common
on
3,098
Other, income
@f Stock And Bond Transactions On
•"■
Co.
Divs. on pfd, stock-—.,
Int. on bonds & adv.
<
"
High And
inc.
net
Elec.
11,860,931
7,861,103
of Amer. Gas & El..
'Divs.
•
/
&
above
as
Inc.
1943
1,152,835
stock
common
on
/y Undist. net inc. of
5,448,142
(subsidiaries, etc..), $497,663,779;
S. currency*'$7,573,339;' foreign currency at current rate
of exchange, $15,103U.
S.-Treasury bills, $3,150,000; accounts re-s
ceivable, $14,253; interest, receivable, $3,101,539; other current assets,
$6,290; deferred charges,. $6,469,671; 'total,. $517,993,975. :
Liabilities—Capital stock, $393,940,452; gold debentures, 5%- series,/
due 2030, 850,000,000; note payable (Electric Bond & Share Co.), $35.*,
000,000;
accounts payable, $203,985;accrued
accounts,-- $1,703,210;w
miscellaneous current liabilities, $8,415; 'deferred credit (income from
subsidiaries received in advance)., $34,178? special; contingency reserve.,
common
for
Balance,
.:
Divs.
$5,411,228
Assets—Ihvestment securities and advances
7,299,306
_—.
from
Balance Sheet,
9,791,251
.2,054,007
24,918
2,164,675
income
income-___i^
Gross
-
Transactions N, Y. Curb Exchange...r...^.
1,710,274
$6,295,848
1,348,571;
$1,390,523
852,367
2,148,146
16,529
":
,
V,
642,122-
941,764
profits tax—
Operating
258
811,913
99,999
7,416,480
9,869,524
9,755,750
669,482
income taxes
exc.
8,333
7,917,529
11,403,183
8,333
adjust
acquisition
'Federal
Undist.
$1,416,874
—-.w
650,238
1,165,187
plant
Transactions N. Y. Stock
$3,164,620 $12,838,392 $12,569,644
598,908
3,290,000
elec.,
of
Amortiz.
Statement of Federal
BankS'^--.'-:^
258
Condition Statement of Member
-1942
$3,045,682 $12,662,376 $11,970,786
118,938::;
176,016..
598,858
1.180,977
expense
Balance, "surplus
Reserve
"■ A ' ' i '
"'-7*
1943—12 Mos;
1943—3 Mos.—1942
30—
v
(Company Only)
Comparative Statement of Income
Period End. Sept.
-
———
—
$
$
•
'r
$
8,943,278 110,987,866 104,337,471
2,947,269 37,329,620 35.009,278
502,770
6,535,230
5,698,870
1,125,741
13,804,095 13,301,424
Combined Condition
periods
respective
the
to
ifltartiipHrtA
rtiprt
tin AO
AP
whether earned
applicable
fDeduction.
requirements
dividend
Full
Payable.
$2,083,997;
,
g
9,676,733
Depreciation
Fund Notices. 256
of Bank Clearings—
•'
$3,006,787; payrolls accrued,
—
revenues
Operation
Investment News. 209
Foreign Exchange Rates.i.....
'
-
Course
The
4,904,181: ~ 5,448,142
■
Electric Co. (& Subs.)—Earnings—
1943—Month—1942
.1943—12 Mos.—1942
Maintenance:
Offerings and Sales... 260
Redemption Calls & Sinking
•
.
U. S. Government
Subs. Consolidated:
Miscellaneous Features
$3,674,842 $14,087,020. $12,920,584;
118,938
176,016
598,858
$3,757,722
income,.
4,854.
•
1913
-'.■'•■
245
Exchange—Curb Section....
'V:-.'." y
.
Sept. 30,
renegotiation of government contracts and for Federal taxes
oil income (less U. S. tax notes at cost plus accrued interest of $14,431,258), $11,706,696;
reserve for other taxes, $1,492,022;
operating
reserves, $2,985,676; minority stockholders' equity in subsidiary consoL,
$100,393; common stock (no par .value), $24,202,060: capital surplus,
$4,310,194; earned surplus, $6,124,236; common stock in treasury, at
stated value, X>r$452,160;
total, $55,559,901..—v. .158,.. p. ■ 2246..
244
Exchangei.-i'^i—L
credit of;$l,490,808.
for
Operating
—
$1,162,290
1,187,496
$2.32
Liabilities—Accounts payable.
reserve
244
Over-the-Counter Markets
company
above)-
(as
$1,299,597
$377,553
'
244
American & Foreign Power Co., Inc.'
Net
$234,477
•
1,210,103
$55,559,901.
total,
243
Stock Exchange
Toronto Stock
$3,674,842 $14,087,020 $12,920,584
$3,674,842 $14,087,020 $12,920,584
$3,757,722
subs
243
.;
Stock Exchange..
Stock Exchange
Montreal Stock
Portion
Net
2,374,990
$2,943,534
1,781,244
.
securities, at cost (mar¬
ket value $17,712,305), $17,704,780; accounts receivable
(less reserve:
of $126,294), $6,184,510;: inventories, $7,970,683; investments and misc.
securities, $2,881,420; land, buildings, machinery, tools and equipment
(less depreciation and amortization reserves of $20,637,857), $14,775,-^
291; patents and goodwill, $1; deferred charges to operations, $578,622;
243
...
Pittsburgh Stock Exchange_ _ ..._..
SL Louis Stock Exchange....—
T12.724
met)
.....
$2,783,967
1,484,370
Assets—'-Cash, $5,764,594;
242
Stock
'
Balance
ing
Cincinnati
536,346
public-
to
30.813
513,256
$2,906,343
2,671,866
Consolidated Balance Sheet,
242
Exchange....
Stock
Chicago Stock Exchange
1,819,983
2,007,169
;
691,544
share....,
per
mated post-war
242
Exchange—
Cleveland Stock Exchange - .......
Detroit Stock Exchange..-:
427,246
,V
110,354
$2,752,543
stock—
common
237
—
Baltimore Stock Exhange
$3,910,202
divs.
Exchange.
$4,787,620 $18,425,814 $17,088,721
o
986,055
1,187,496
1.187,496
$2.45
$2.34 $2.48
"Appertaining to (Outstanding minority; stockholdings,
tAfter esti¬
232
(Bonds)
Boston
$4,446,548
lAl— "
Balance.5,
Exch.
New York Curb
.
523,019
10,524
.
:•
—.
..
dividends
Earnings
221
(Stocks).J
$4,446,985 $17,653,557 $16,217,969
320,635
772,257
870,572
deductions
■"Pref,
Exchange
$4,969,567
—
.
Stock Exchange
$4,634,931
.334,636
income—
(net/
public, etc.,
to
New York
" 26,222
25,504
7,287
9,366
4,731,000
.
Surplus
Shares
Page
New York Stock
plants
Income
int,
Stock and Bond Quotations
:y"y.:yy;
$4,454,272 $17,679,061 $16,244,191
5,475'
Other income
'
$4,640,406
—
Operating
,
A,
$4,081,286
$7,524,333
"
,
$18,778,023 $16,656,429 $70,533,669 $62,915,420
12,774,880
10,837,592 47,114,215 41,171,354
1,362,737
1,314,565
5,740,3.93
5,499,875
revenues,...
exps.,
disposed of
deducts..
;1., Net profit
>y.;
Subsidiaries—-
Operating
200,553
9,695
v9,800,000
11,235
114,850,200
taxes.
This
•Common
,
$18,305,522 $13,229,294
profit
/Total
;
'
•
1940
$7,445,764 V $4,007,954
78,569
73,332
$13,028,741
317.190
•
"Net earns, of subs. cos. >.
In
Cal. Year
Sep. 30, '43 Sep. 30, '42 Sep. 30, '41
,
dis¬
etc.
Loss on land
1943—1*2 Mos.—1942
1943—3 Mos.—1942
.
:
.
less
Miscellaneous
•
;
Year Ended 9 Mos. End,
$96,773,638 $67,095,720 $35,518,454 $26,347,592
Costs and expenses—: 74,673,144
50,123,971 26,434,211 21,110,141
Depreciation
1,541,660
1,900,796
1,109,176
1,229,497
Amortiz. of emerg. faeil.
2,570,502 : 2,042,212
499,303
counts,
,
7%
y -.
sales,
Gross
Miscellaneous
Period End.
Copy
a
(Including Subsidiaries)
Account
Income
Year Ended
V
,
...
Subs.)—Earns.
American & Foreign Power Co., Inc. (&
Cents
60
MISCELLANEOUS
-
Consolidated
$79.92 a-share as
in cash and $150
on which unpaid dividends totaled
1943, by exchange for each share $10
preferred stock,
of
INSURANCE
renegotiation
.
Inc.—Proposed Merger—Plans
Alfred Pecker & Cohn,
to
-
cover
for
reserve
share has been declared on the common
per
Price
possible refund to the Government. The effect of this
upon net income of the company is largely
offset by a substantial reduction in the amount of Federal taxes on
income...
-....r :- v y-....
Unfilled orders as of the close of1 the fiscal year
1943 amounted
to $48,000,000 as compared with unfilled orders at the beginning of
the year of $90,000,000.
'
.
The company on Jan. 1, 1943 purchased the business and plant of
Charles
F. Elmes Engineering Works, Inc.,
Chicago, manufacturers
of hydraulic press equipment.
The plant will continue to be operated
as
a
new division
of company's business. .
.
The Company leases from the Defense Plant Corporation, the new
cast' armor foundry at East Chicago, Indiana,, which was completed
to
sheet,
Distribution—
Adams-Millis Corp.—25-Cent
INDUSTRIAL
PUBLIC UTILITY
-
Office
Corporation asid Isivestmeiit News
General
J',"
.A
rat.
Y., Monday, January 17, 1944
New York, N.
Number 4247
Volume "159
S.
U.
Reg.
:i—JLr.- i
taxes and exp. net
Total
Gen.
19,057
1,235,378
8,749
14,000,302
272,360
13,365,740
292,617
13,727,941
13,073,123
1,273,436
.
—V.
158
p.
;.'v. American Locomotive Co.—Has Large
Schedules
for
locomotive
production
at
total substantially more
President, isaid on Jan. 6.—V.
Schenectady', N, Y„
D.
-
:
Fraser,
W.
American Water Works &
Power
the
over
company's plant in
than in any. recent, year,
158, p. 2462.
'
the
Electric Co., Inc.—Output—
of the electric properties of this company for week
1044; totaled 83,198,000 kwh., an increase of. 4.41%
output of 79,690,900 kwh. for corresponding week of "1943,
.
.
8y
159, p. Toe,■
■•''/;:';
American Steel
-
."/,■■■
•;
.•
Foundries—Annual Report—
-.../,; y
during
^
annual report
of company and subsidiary
following.'
"■
Fiscal Year Ended Sept. 30—
Net
income
Per share
of common stock...
c.—
^
Per
share of common
income
Per
share
———:
Per
share of common
14,850,200
—.>
paid-;—i—
stock-
_
——
——
have
at
9,800,000
12.51
—
8.25,
2,906,343
2.45
2,671,866
.•',
2.25
.2,752)543.
2,32
2,374,990
2,00
,
.,
,
provided a reserve of $9,000,000 for possible renegotia¬
tion, which is included with the income tax liability on the balance
;
been
about
considerably reduced.
50% of its capacity.
The plant operated
Taxes
of
all kinds
1,226,628
88,353
90,640
51,694
140,767
43,887
140,767
973,564
951,333
misc.
and
Federal
Divs.
pref.
on
Balance
for
stock-—.
common J
1,073,198.
631,239 1,689,209
10,334,294
'
1,100,645
509,839
1,689,209
9,773,429
post-war credit part of which is to be
currently realized as a result of debt retirement. The charge for the
current 12 months includes credit of approximately $200,000 applicable
to the previous 12-month period, and the charge for the 12 months,
ended Nov. 30, 1942, includes approximately $670,000 not applicable to
°After
•
this
deducting
the
10%
•'
period.
permitted • the amortization
two subsidiary companies
Departments as necessary..
do not record the amor¬
tization on their books, but, in addition to normal depreciation on
these facilities, they have charged income deductions and credited a
special reserve with the resulting tax decrease amounting to $10,878
for the one month and $22,560 for the 12 months ended Nov, 30, 1943,
/
Note—The
Internal
Revenue
Code
has
five-year period of certain facilities of
that have been certified by the War or Navy
in the war effort. The subsidiary companies
over
—V,
during the year
for the 12 months ended Sept. 30, 1943, were
$17,056,803 (equivalent to $14.36 per share of Issued and outstanding
common stock) of which Federal taxes on income, less post-war credit,
were
$14,850,200.
Social Security taxes for Unemployment Insurance
and Federal Old'Age Benefits were $1,163,638 and taxes on real estate
and
personal'property, Federal capital stock tax, state corporation
franchise taxes, and other taxes were $1,042,965.
Deductible contributions for charitable and educational purposes were $141,115.
/
Company has
fiscal year and the first heat of steel poured on October
pany
'
1943
1942
$17,602,743 $12,706,343
14.82
10.70
stock—
of common stock——
Dividends declared and
—
i
Federal taxes oh income
Net
companies affords the
.
before Federal taxes—
the
1942. The lease provides for the payment of rental by the com¬
based upon a percentage of the net sales value of products
produced in the plant. The plant was built primarily for the produc¬
tion
of cast armor
for tanks, the original requirements for which
1,
.
The
The Second Section of next
1,254,379
deducts.
income taxes—
Balance
•
Int.
showing the high and low prices, by months for
the year 1943, of every, bond and stock in which
dealings occurred- on the New York Stock
Exchange. >
,
>
• . ■
,
- '
,
output
ending'Jan.
—v.
Backlogsi
■
Thursday's issue
of the Chronicle, the Annual Review and Out¬
look: Number, will contain our usual tabulation
v;
A'A-
-\;y
2150.
Amfi He® York Stock Exchange
a
158,
p.
2461.
American Wine Co,
(Mo.)—Proposed Sale of Stock—*
Crowley, Alien Property Custodian, has invited bids for the
purchase, as a whole, of 135,000 shares of common stock, of the par
value of $1 each (constituting approximately 52%
of the issued and
Leo
T."
outstanding stock) of this company, engaged in the manufacture and
sale of
"Cook's Imperial"
American champaigne and the blending,
bottling
and
sale of
"Cook's Imperial" American still wines, with its
at St. Louis, Mo.
presented at the office of the
office and place of business
*
All bids must be
Alien Property Custo-
Income and Surplus
Consolidated
(CSWT)
•
South LaSalle Street, Chicago,
Feb. 11, 1944, at which time
123
dian,
on
III., on or before
and place all bids
opened publicly.
will
stock
The
sold only to
be
American Citizen.
1 noon
will be
xV.A:v:'
y
Co.—Weekly Output— ,,//■■
The trustees of Associated Gas & Electric Corp. report for'the week
ended Jan. 7, 1944, ret electric output of the Associated Gas & Elec¬
tric
group
was
138,373,748 , units (kwh. )/
This is an increase of
8,591,215 units, or 6.6'% above production of 129,782,533 units a year
ago,—V.
159,
Electric
Gas &
Continues Payments to . Em¬
ployees in Armed. Forces—
'
•
> ■, '
•The company on Jan. 12 announced.that .it would.continue through
1944 the existing policy of'giving monetary allowances to its employees
now In the service and those who
may join the armed forces during
the year.
In order to receive these benefits, the employee must have
been with the company as a full time worker at least one year at
Atlantic Refining Co.
of induction or
time
the
1
present time 1,293 employees
financial allowances,—V. 158, p,
the
At
these
.
Cost
Balance
44,028,262
Uncollect.
6,936,050
6,665,102
1,200.000
A/
•
exch.
Foreign
.
it
enabled
*
and means to
unturned in the search for ways
yet no stone was left
782,303.;:./
1,752,812
111114,802,607
14,570,838
*"3,125,339
Surplus
Com.
service.
^ ,/ • . V
of the shareholders brought equally pleasing
results,-. During
the year the long sought elimination, of the guar¬
anteed preferred .stock of Armour and Co. of Delaware- was
The Delaware subsidiary was merged with the parent corporation and
its
numerous
profitable properties were again brought under the'
direct ownership of the company.
* '
Earnings for the year were • sufficient to warant resumption
current dividends on the. prior preferred stock.
$1.50 per share was
the excellence of our
."
.''/ ./'///'/
i
in
record
all
from
549,784
sources
over
the
,
,
;
year's results demonstrated anew
duction.
Though the net profit-per pound .was
The
which
gave
a
:
had to be retained as
result of the transaction through which
Most of the net profit
as
a
stock
was
-"
eliminated.
,
i.l
.
,
(Ulinqis Company)
War Savings bonds
pioyees" purchase plan
,
and
Notes
working capital largelythe Delaware preferred
accounts
on
—
♦Inventories
—
will recall that the Delaware preferred stock retire-'
accomplished principally through the medium; of newly
debentures; and notes due in five yearly installments.These notes, • incidentally, are to be exchanged shortly for long-term /
bonds so that their retirement will be spread over many year§//That. /
Deferred
charges.
Goodwill
7,290
.
•
.
——.__/
—^—
liabilities—
'
"
which was not exchanged for debentures had to;
be called for redemption.
The amount of this stock, plus the premium,
7% preferred stotjk, Delaware company--—_
which had to be paid on it, exceeded by. $5,517,978, the proceeds-fromi6% Conv. prior stock, ^llinojsycdmpany-/
/
7V,
the sale, of the installment.notes and. of, the debentures nqt pxch&ngecl,'
preferred stock,. Illihois company-—^—*—
for stock.
This excess was paid out of. working capital,
Common stock
(par $5)
2
:
—
Notes : payableSinking-fund requirements on the debentures arid on the Series/B"
and
"C"
bonds became current liabilities during the year and' the
Acceptances - payable__„--_l.__
sum total of these maturities was $2,703,500.
'/ '
-A ./<
T-v Accounts payable
—
Accrued interest,
wages, Fed.
inc. taxes and
During the year, the required dividends were paid on the Delaware
preferred stock, and late in the year a quarterly dividend on the
general and social security taxes
Reserve for Federal income taxes—
company's prior preferered stock-was declared, payable on Jan. 3, 1944.These dividends totaled $3,647,684, and when to this amount is added:
Dividend.on $6 prior preferred stock—
the $8,221,473 which is the sum of the items desecribed in the two
Collection from employees———
L
foregoing paragraphs, it is understandable why more of the year's,
^Funded debt__,
—Reserve payment of rint. and,sinking fund on
earnings was not available for dividends...
' . ;/:/'///■//'V, 'A- /T
With-the Delaware guaranteed pfd. stock removed from our liabilities,5 . .:/ debentures
11—1
we were thereupon able to merge the Delaware subsidiary company, into'
Reserve' for- Jpontingenctes-'^/Aii-~////-/i.iivAthe parent company, and as a direct fruit of .this merger the credit'
Reserve
for
replacement of
basic "last in,
of the parent company was so improved that we were able to relin¬
first out", /inventories—
Reserve for/N. Y. State Workmen's comp. ins.//
quish a -$50,000,000- "V" loan credit which- had previously 'been
arranged under the auspices of the U. S. Government.' Prior to the5
Minority stockholders'- equity in sub. cos,—;__
portion of the stock
-
•
.
—
10,097,466
15,816,888
il2,268~Q00
loan credit was- a necessary and valuable asset to
the company, but after the merger it was no • longer, needed' and the
considerable expense Incident to it was ended with its relinquishment.*
this
"V"
v:
Renegotiation /,/■
:-
IDefefred;
'
agencies
net income as
of
law
Total
/A/ /A//;/ //
if
the Government
reported to the shareholders.
Foreign Business
.
•
<
■
✓
'
•
The
Outlook
■/,/ '/' // A///
-
200,000
'■ v
160,000
*333,746
2,165,160
82,812,638
78,8^4,654
363,784,824; 366,516,712
market values less allowances for selling
.fRepresented by 532,996 no par shares.
:;
>
■
/
§ Foreign earnings not readily realizable in U. S. currency because
exchange restrictions.
ffAfter collection from employees in payment thereof amounting to
$1,243,879.;
-
of
account
10.
March
No
•
declared .a dividend of $1.50 per. share on
accumulations on the $6 cumulative convertible prior
stock,
preferred
;
A
have
no par value, payable
similar distribution was
payments were made
was paid.
during 1943.
As
•
•
April 1 to holders of record
made on Jan. 3, this year.
In 1942, a total of $4.50 per
the future, there is little that I can say with certainty.
lasts it is not unreasonable to expect that businesscontinue at about the same volume and profit as last year.
There
will
Uie
■/ Followingv distribution of
the current dividend,
to $28.50 per share.—'V; 158, p. 2574.
•
war
the war ends, although there is growing
does not intend to permit a situation
the last World War—a situation in
Which accumulations of goods of, all kinds were dumped on the market
at price$j; which ruined many business institutions and caused others
to sustain losses from which it took a decade or more to recover.
It
will be possible to avert a similar experience after this war, if the
Governriient's supplies of surplus products are marketed with regard
both to' their value and to their effect upon the nation's economy.
In geperal, I am an optimist, with respect to the future.
For one
thing, the company's management is diligently endeavoring to avert
the repetition of any of the conditions which contributed to the com-*
pany's problems after the last war/* Furthermore. when the war ends,
we will have no such reconversion
problem as will confront most war
amount
might be another story when
evidence.-that
to
the
;
Corp.—Registers With SEC—
Atlas Plywood
Government
arrearages
,
v -^'
,
will
135,
/
p.
,v:
in
the
United
.
States.
Ten
manufacturing plants-are operated
by the company and its subsidiaries, including one in Canada; with
principal executive offices at Boston, Mass.
v/W/- ,'/■" '// ":■'//.' //■/,'///
After giving effect to the issuance ana sale of the additional com¬
.
shares .the capitalization of the compariy in the hands of the
public will comprise 51,307. shares of $1.25 dividend ($20 par) cumu¬
For another thing, there is growing recognition that the salvation
lative .convertible preferred; stock, and 433,124 shares ($1 par) com¬
of American
business, and for that matter of business everywhere / mon, The" common is traded on the New York Curb Exchange.
1
/ Stockholders on Oct. 26,
1943, approved the conversion of 141,561
throughout the world, lies in the production of more and better goodswhich can be sold to more people for less money, • That-is<■ the -one'
shares. of the company's old no par common into 283,124 shares of
formula which
will solve our economic problems.
We have hardly
hew. $1 par common, without any ultimate increase of the , capital or
Wore than scratched the surface of people's ability to consume and if
reduction of the paid-in or earned surplus.
we
proceed with the production of ever-increasing supplies ef all
According to the registration statement, the company anticipates no
Substantial reconversion problems, as the. products now being made are
kinds, we will thereby reduce the cost of production arid make possible
a broader distribution with benefit to both buyers and sellers.
Pursuitthe same as are produced in peacetime.
Many, new uses /for. these
of this program will provide jobs for all people who are willing and
products have been developed during the war.—V. 159, p* 106..
: ""
able to work and when people are employed producing things that are
needed and useful, prosperity is the result.
'
Bell Aircraft Corp.—Builds New Plants— '
It is my expectation
that Armour and Company will be able to
This corporation has built the first American fighter planes powered
play a leading part in this program of producing more and better
by jet propulsion engines, it was announced on/Jan,TO.''The engines,
product at ever decreasing cost.
industries..
:
mon
3860.
V,.
,
is-A
414 and 4V2%) bonds
'
*
'"•
<
2,503,033
^ ■'.•••■- ■
'$'■'-$•
r
7,386,577 108,810,644 108,906,689
2,290,778 , 15,810,394
13,273,866
12,146,834.
9,677,355 124,621,038 122,130,555
^
s
9,643,801
sales.,
158,
Chicago—Total December Sales Up—
1943—Month—1942
1943—12 Mos.—1942 *
•*.
sales
Combined
-V.
.
sales
■
p.; 2358.
Ale, Inc.—Post-War Plans—Stock
•
" •
' VL- * /:
This corporation
has well developed plans for resumption of Its
expansion, program as soon as equipment and materials are available,
R. W.' Moore, President, told stockholders at the aapual. meeting.
t
Ten
new
plants, said Mr. Moore, will be located in Washington,
Philadelphia, Detroit, Minneapolis'- and St. - Paul, Seattle, Portland,
San Diego,
Memphis, Newark and Denver, Sites already have -been,,
purchased in
umber of these centers.
.''/■/ /<'/ •;/» *
Canada Dry Ginger
/*
Options Ratified—•
■
.
*■
.A.
*
Co.—Bonds Placed Privately—An
Period End. Dec 31—
Wholesale
v
,
eases
Distribution—
Bush Terminal
Retail
//Corporation has filed with the SEC a registration statement covering
the proposed issuance and ,sale of 150,000'shares of additional com¬
mon/stock, the proceeds from which will be"" used to. increase the com¬
pany's working' capital and for other, general corporate purposes.
Van Alstyne, Noel & Co., New York, will-head a country-wide group
of underwriters to distribute the securities.
v
Corporation is one of the largest manufacturers of plywood packing
develqp such as occurred after
,
/' //' -: "/ // •;// ' "i.
first mortgage (4,
Butler Brothers,
:
share
regards
r
of
recently placed
•'
While
*
, ,
Co.—New Director—
The company has advised the New York Stcck Exchange that onDee. 30, 1913, E. A. Ruhfel was elected a director, to fill the vacancy /
created by the death of William A. Brodie.—V. 158, p. 2464.
s s
.
'
i
,
—V.
/
directors
T
.
of
Accumulated Dividend—
.
privately at 100 and interest through
Kidder, Peabody &'Co., as agents.
Bonds are-dated Sept. 1, 1943 and are due Sept. 1 each year asy
follows: $60,000, 1944-1948; $50,000, 1949-54; $25,000, 1955-1956. Inter¬
est rates are as follows: 4%, 1944-47;,4ViSc, 1948-51; 4Va1952-56./
First National Bank, Cincinnati, Ohio, trustee.
The purpose of issue
is to retire chattel mortgages on new equipment, $140,000; retire short* ,
term notes $36,000;:acquire local real.estate and buildings, $440,967,
etc. purposes.
Ccinpany was incorporated in Ohio in January, 1927/;
as Burger Brothers Co., successor to company of same name,
incorpo¬
rated in January,- 1903; name changed to present title in August, 1934.'
was
expenses;-ojher products and supplies at cost or market,'whichever is
lower.
i
",:■'-■.:/■:; v/:v
,
fAfter depreciation reserve of $65,208,716. in 1942 and $69,761,947 in
1943.
*
'
'
*
The
tl
Privately—»
Light Co.—15*Cent
of $650,000
sue
—
fPackirig/hoiise-products, at
"
15 cents per-share
Burger Brewing
232,780
2,211,922
.
Sells;; Issue
was-recently declared on the com-:; ;
moR stock, par $25, payable Jan/151 to holders of record Jan.'6.
Pay-/
ments during 1943 were- as: follows:- Jan.
15,. 13 cents; April T5, .121
cents; July 15, 13 cents; and Oct/15, T2 cents.—V. 158, p. 185.'•//'.
t
: •:/■/./-/•': / ■■:*:• '■''i' ■■/
P:-'■■■-•■
dividend of
A
1,787,551
->
f
v
•
Ltd.
?■.
:*?'•'/'■; /' ■'/
Brockton Gas
62,896,000
,
,
connections generally gave a good account
of themselves in 1943,
The South American packing plants handled
a
large 'volume of product, most of which was sold directly to the
British
Government.
Our distributing organization
in the United
Kingdom continued on a skeleton basis, acting as selling agent for
the Government and maintaining conections with the trade pending
the
time
when
the British Government will turn back to private
industry the task of handling the meat supply.
'»
«
'
•
■
foreign
company's
The
/-//
Surplus
acting in accord with their.: J
Interpretation of
are undertaking an, examination of our re-,.;,
negotiable war contracts.
Some of our contracts on 1942 business,
and -also on
1943 business are subject to renegotiation.
We do not
expect renegotiation will result in any changes of consequence in our
Certain
income—
:/
2T920
;6,900,000 / /i i/il///,'
4,000,000 /' 4,000,000
"
Co.,
1438>
p.
''799,494
://
•
-
y.b
'
i,
Oil
•
:// To reimburse the/company for final expenditures on its new Clarkson refinery and to provide working capital in connection with opera¬
tion of the plant, a new issue of $3,000,000 serial debentures has been
sold privately.: The issue consists of 10-year 25/3% and ZWi
deben¬
tures, maturing $250,000 per annum inTyears. 1944 to 1951, inclusive,?
and $500,000 per annum in 1952 and 1953. Coupon;rate of 2,/a%: covers
years 1944 to 1948, inclusive, and V/\7c to years 1949 to 1953.—V. 158,-
146,754
9,760,834
/
'
$3,000,000 of Debentures
14,059,501
28,516,485
i
v
t
British-American
.
17,510,714
»
>
,
53,299,600 / 53,299,600
/•3,371,500
3,371,500
20,328,615 ' 20,328,800
19,683,725
50,549,789*
-
,
Co.—V. 158, p. 2574.
—52,535,900
::
-
Borden
366,516,712'
363,784,824
,
has been declared
Feb. 1 to holders
A , *,,/
'■ /._*/;-;■ // A// ::-.■///-/
,
1,663,000
5,537,937
/
credit (est.)
6%, preferred
/•■■'•■ -■'•- •'■/:'■'/ ■//'•///'/v/./.
;-//.:' ;; /■
'
■
new
record Jan.
Co,—Further Expansion—-New Subs. President
A-/
The company has completed negotiations for the "acquisition
of;
61,054,855 ■ Vonk's Dairy, of Grand Rapids,- Mich., and Zachman's Dairy, of
570,324
Marion,. Ohio. Vonk's Dairy will become part of the Borden's Dairy &
124,991,073
Ice Cream Co., of Grand Rapids, and Zachman's (Dairy will be absorbed/,
11,203,620 • by the Moores & Ross unit in Marion.
/- Lawrence -G. - Butler/ Executive. Vice-President
of the Lakeshire4,420.006/ Marty Co. division, has been made President of .that .division- Vilas R.
■// 30,627 /- Martin has been advanced to Vice-President of the Lakeshire-Martyt
advances—12,275,184
Federal excess profits tax post-war
the
>
quarterly dividend of $1.50 per; share
stock, par $100, payable
21.—V, 158, p. 1934.
initial
An
of
'
.
Corp.-—Initial Preferred Dividend—/
'
61,638,906
637,958
/^--/-i„ 128,916,043
stocks, bond and
tInvestments,
/
.
receivable
:
receivable———---—
*
on
,
.
Booth Fisheries
Oct. 30/43 Oct. 31/42
,
$ ,
'
$
123,996,515' 127,857,717
10,0.18,047 <-,-10,812,503
19,093,944 . 25,575,987
hand for. em- / ; </:
- ■
accounts
Intercompany
•
>r
,
-r-y. 158,; p. 2358.
.
"
t
bldgs.,
jlU.- SI
income
merger
CO.—85-Cent Dividend—
Beverly Gas & Electric
;
,
/// The company on Jan. 14
the capital stock, par $25;
of 111. and subsidiaries),
mach. and fixture equipment
Refrigerator cars, delivery equipt., tools, etc.—'.
Cash ——/_
————————
—
was
issued
& Co.
.
Assets—
fLand,
Shareholders
ment
__—/ //,.;; / $1.95 / :/'.,/ $0.26/
Condensed Balance Sheet
,
(Armour
\
'
11,445,499
11,112,069 ' 11,354,408^'"4,560,539
4,065,723/ . 4,065,760 A 4,065.799 f* 4,065,827
' ' • '
credit
the plant and business of the
Corp.,of .Bayonne, N. J., E, G. Grace, President of
Bethlehem, announced on Jan,"*8. He said the plant would be operated
as
a
division of Bethlehem under the direction of Robert Campbell,
formerly President ofAAtlas Steel- BarrelifCo.rp.—V. 158, p. 2152. 'hi>
3,690,538^ ^,15^,002- /3,746.890
■
'
Corp.—Acquisition—
Steel Corp. has acquired,
Steel Barrel
.
small, so many pounds'
Elimination of Delaware Company
'
The Bethlehem
Atlas
•
and sold that the total
modest return on invested
<
1
Bethlehem Steel
262,857
/
;
:
,
profit reached proportions-'
capital, while the Governinent's
war
time
revenue
was
substantially increased through the;
medium of the income and excess profits taxes we were required to
pay,
These taxes together with foreign income taxes amounted to
$23,455,932, which was more than double the amount of the similar
taxes in 1942,
:
produced
were
506,935
;
have
-
The total income
increase of $116,--
had net earnings of $14.more than 1 cent on each
pound of product.
the benefits of -mass pro¬
On
/-
lSilll.AlO ^ 8,307,429
-.
Distribution of ,40 Cents—
declared an extra dividend of 40 cents per share
and the usual quarterly dividend of 40 cents per share on the common
stock, both payable Feb. 15 to holders of record Jan. 25/ Extras of
like amount: were ;paid ,on -Jan. 30-,, <1943;
Jan: 30, 1942;/ and on
Jan. 30, 1941.—V. 158, p. -1127. , ; The directors
,
dollars set a new'
-
previous year.
this immense volume of sales we
570,838, which was equivalent to slightly
dollar of sales or one-sixth of a cent per
■/:'
'
New Volume Record
of' business as measured in
year which
ended Oct. 30.
amounted to $1,416,558,800, an
fiscal
the
$5)—
share—
Cpar
per
106.
•
amount has been declared for pay-^
company's, affairs in their, broadthat this year's report is most favorable.
volume
./' Company's
159, p.
..
Jan. 3, 1944, and a similar
April
l.
Considering the
aspect, the management feels
shs.
686,688
paid a dividend of 85 "cents per share on
to* holders of record Jan. 1. Distributions/:
estimated-at $1,613,000;
.
*.
/during 1943 were as follows: Jan. 14, 75 cents; April 14, 35 cents;/
lUnrealized loss,
/A///-/T/'' » •///.c''. 4..v^-V-July 14, 55 cents; and Oct. 14, 90 cents'.—V. 157, p. 1418.
*
- - r
If Amount realized in
U. S. currency in" the, 1942 .fiscal yeaf!ro.n ■ •
foreign earnings deferred in the ,1940 and 1941 fiscal years.
' ; ^
Bloomingdale Brosi, Inc.—Dividend--Promotions—; / f
/ § Provision for U. S. and foreign income taxes.
^"Represents dividends -paid on Armour. & Co. of Delaware 7%'
:,/. The directors on Jan/ 6 < declared a dividend of .22'/a cents- per share ,
guaranteed cumulative preferred stock, all of which was retried pn, or
on
the common stock, payable Jan. 25, to holders of-record Jan. 15./
before Sept. 22,
1943, and $277,148 interest accrued from April 1/to*
Similar' idistributions were < made on July 24 and Oct. ;; 25,
last, /as ' .
June 13, 1943, on 1 Vr, cumulative income debentures exchanged as-ofagainst 20 cents each on Jan. 25 and April 24, 1943.
. //"•'*/■'/^ -A/ ■. - /Vv/;'l;
the latter date for 7% preferred stock oh a par 'for ?par basis. ~ V- '
J
Sidney Reisman has been designated First Vice-President and Robert;
./tturirealized gain.
'
-■
I'.
Jenista.
Store. Manager, has been directed
a Vice-President.—
tilncludes $11,352 dividends on shares called for redemption Jan. 1,/
V. 158, p. 2040.
1942.
■
/
^*-:
'"va;tfTJThe net profit for
1942 of $14,802,607 was . revised upwards to
Bond Stores, Inc.—December Sales Up 12.7%—
$15,924,549 by the addition of $1,121,942, representing adjustment of,Period End. Dec. 31—
1943—Month—1942
1943—12 Mos.—1942.
liability reserves and net earning^ from Brazil; previously transferred,
$5,456,929 $4,843,541 $45,594,256 $44,339,990
to deferred income..
>
<
/
* .
' Sdles
of-
•
ment
500,040
/ //Other
behalf
effected."'-
paid
.
than miscellaneous taxes included-in. expenses. r: *" -*
ilncludes excess profits taxes and after deducting post-War
'
on
.
Earnings
•
Best & Co.—Extra
; $402,579
S
.1,413:394
,
1i'Crl,50l,087
292,800 /
467,900
pref,. divs; (Del,)/
7%
status.
', / '/V
We
supplied huge quantities of meats, fats and othei^ nutritious
foods for the war effort,
and government representatives! frequently
commended the company on- the high quality of our products, and on
efforts
—V.
5,802
c:
ttCrl 19,862 tfCr311,414
improve the company's
Our
155,058
/ 59,580
.
not
deductions--
$1,313,981 $14,292,759 $13,688,05?-'
.796,040 ; 8,007,571
7,976,572
.
3.602,989
22,176
transact-
income——T
Net
income/-_1
oper.
income
§2,988,985
: 351,113
realizable---
Miscejl.
past year,
contribute
to
3,640,429
10,172.328---- 7,254,367
157,284
income
the
Net
964,152
Transfer from deferred
President, states in part:
,
company was operated in a manner which
its utmost to the nation's victory program,
A. Eastwood,
During
*.
16,421,794
30,239,'726;- 27,829,759
A'
•'
earnings
600,000
,
1,721,958' •:.
4,035,649
etc./. t23,455,932
'•-.-94,890
estate/:
interest—
Minority
$7,536,823 $88,917,061 $81,219,224
4,948,526 60,329,214.-55,015,941
1,274,316 14,295,088 12,515,230
$1,201,830
/'•Gperating i'evenuesA :
Operating expenses —f,
Operating ; taxes
Net
tax,
real
$8,253,272
5,837,819
1,213,623
revenue y.
ORer.
26,107,801 * 15,457,642'
1.468.420:
960,040
5,401,007
sale
j .900,000
900,000
28,771,306
44,147,851
Loss
'
"
43,187,811
income
1943—11 Mos.™1942 "
$7,546,123 $88,989,898 $81,379,665'
/
9,300 ./. 72,837
160,441
6,518,232
amortization
and
9,143
$3,262,418
revenues —i
Operating
/ 8.010,287
1943—Montn—1942
30—
Period End. Nov.
49.,036,631
8.631,925
income-——
Total
Fed,
For.-
./■/.■; /, /' ,//
.:/'
Co. of Pennsylvania—Earnings—
Bell Telephone
9,796,088
Other" income-—/-—
Int.
fly without propellers, the
now
announcement said.—V. 158, p.
6,784,495
.
-..j
readily
George
principle/that planes-can
2247.
scientific
Nov. 2/40
9,327,544
53,278,470
48,127,188'
pension plan-.j--~»-
(111.)—Annual Report—
Co.
&
Armour
g£ri.
etc.—
Ordinary. taxes.--,/Depreciation
1Contribs,.
to
empl/S
expenses,
receiving
of the company are
1934,
of
A Ended
•
.* •' <'t« *•
f /' §
v •• V'.. g A
" g a',''/.
:_.,Ld:A-.^Al,416,558,800 1,300,009,016 926,236,109 733,949,084
of sales, etc.*/__ 1,307,463,218 1,200,795,646-834,874,650 659,334,661
*
;
Nov. 1/41
•
$
Selling, adv., and
—
enlistment.
Oct. 31/42
Oct. 30/43
V'.'
-
Sales
\ '
1
106.
p.*
Jet
.
'
Period-
Associated
designs.
53 Weeks
Ended
Ended
Ended
/(V, 136, p. 2307.)
by the General Electric Co., were developed from British
■
/;
propulsion, which has now passed both the experimental tests
the
Army Air Rorces and
the Royal Air Force, proves a new
constructed
Statement
of 111. and subsidiaries)
52 Weeks
52 Weeks • 52 Weeks
& Co.
(Armour
>•
Monday, January 17, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
210
Mr.
suggested that this would be only the beginning of a
which he hopes will provide the company; eventually
to take care of all areas with ■ a minimum of trans¬
Moore
program,
enough
with
plants
;■/-/,
portation.
..
: :
in'
Mr./Moore, sales of
Wartime conditions,
he indicated, played a part in boosting the firm's liquor sales.
Stockholders
approved a stock option plan under which certain'
officers of the: company may purchase specified amounts of common
'
Sales
during
the. fiscal year
ended Sept. 30, 1943/were the best
company's history.
In a free economy, said
carbonated beverages would have been even larger.
the
shares of the company
'
New
at/$27.03 a share up to Sept. 30, 1948.
Vice-President Elected—
William S. Brown has been elected Vice-President
ordinating advertising activities.—'V. 159/ p. 3.
...
i
.
in; charge of co«
..I
-
I.,
I IIIIWWII
mi
-r
■'
,
v..
i
Volume 159
7
V
-
i
THE COMMERCIAL &-FINANCIAL CHRONICLE
Number 4247
V
*
Canadian Cottons Ltd.—Starts Mill Addition—
Estimated
Earnings for the 9 Months Ended Sept. 30
-
1943
•.
to the spinning
room
of the company's mill at Cornwall,
Canada. "fi-. ■' f:
>
Plans call for erection of an additional story to the building now
in
use,
and three additional stories over the plant's pump house.
The
new
construction is estimated to cost $100,000 and equipment
has
Construction
been
undertaken
of
addition
an
Gross
Est,
at
approximately
will
$200,000
installed.—V.
be
158,
p.
production-.
of
profit
for inc.
tions
before
taxes
Provincial
and
Dominion
2248.
$3,853^6;
1941
$1,442,113
$1,252,013
658,602
536,784
121,950
goods
v
776,389
164,775
212,300
\
taxes
insurance
fixed
policies,
assets
83,354
95,570
112,232
$410,473
$319,264
..deferred
$451,857
Pacific
Week Ended Jan. 7—
Railway—Traffic Earnings—
,
,
r
Traffic
■
1944
/Fy
$4,802,000
earnings
159, p. 107.
—V,
Est. net
v
profit' for the period—..
total
A
1943
$3,929,000
of
83,647
tons
of
158,
ore
milled
were
during the
quarter ended
P.
A distribution
stock,
trustee, have drawn by lot for redemp¬
tion on March 1, 1944, at 107'/a and accrued interest, for the sinking
fund, $103,000 principal amount of Carolina, Clinchfield & Ohio Ry.
first mortgage 4%. bonds', series A, due 1965.
Payment will be made on
and after March 1, 1944, at the office of Louisville & Nashville RR. Co.,
71
Morgan & Co., Inc.,
as
Brof^way, New York, N. Y.—V. 158,
p.
par
tions
and
$1,
of 44 cents per
payable Feb.
during 1943 were
Dec.
24,
1
share has been declared
holders of
to
follows:
as
7 cents.—V.
yj-V:
158,
p.
Feb. 1,
record
Celdtex
:
•
1
culties
the
during
created
sharply
by
increased
year
carried
were
conditions,
war
costs,
of
part:
alter
severe
of
taxes
$192,780
Other
operations.
income
'
$5,409,405
83,986
Interest
Loss
Prov.
which
charged
was
Wisconsin'and
for
Massachusetts
of; addit'l
ventory
reserve
misc.
for
res.
-*
....
income
possible
price declines
430,000
540,000
Net
renegotiation, computed on the same general basis as
was charged against earnings for 1943.
against earnings in the last quarter of the
year which were mostly applicable to prior months.
In addition to
the
1943 renegotiation
provision a charge of $200,000 was set up
following a decision of the National War Labor Board after the year's
Two
'
income
$863,625
.—
Dividends 'paid
"Earnings
charges were made
"On
486,775
operation.
1
per
.
486,775
__1
share
no
granting an immediate wage* increase at our Marrero plant and
also
ordering that such Increase, should
be \ made
retroactive
to.
March 8, 1943.
*
*
No dividends were received on the corporation's investment
in the
*
Property,
amounted to $274,638
depreciation
not
in
in
surplus,
revenue
freight
re-
1
....
I
1942
1
1
1,398,732
1943
1942
I
1,429,969
44.531
671,280
647,483
153,652
2,101,249
2,046,215
I
27,219
27,984
353,689
377,743
I
68,833
67,608
828,051
805,184
96,052
95,592
1,181,740
1,182,927
20,066
21,552
254,296
y 278,628
I
35,961
31,146
399,368
333,187
1
56,027
52,698
653,664
611,815
1
167,018
158,657
2,037,954
2,055,103
156,310
143,285
1,898,699
•
RR.~
from
con-
nections
,
Total
Marquette Ry.—
from
I
y
•
•
Originated
nections
109,121
171,249
& St. L.
Received
Sffffi
and
loaded
—Calendar Years—
51,516
Originated
Renegotiation
con¬
y
__
'
As the result of renegotiation of its' 1942 business,, the sales prices
Products Corp. or The South Coast Corp: - Certain-teed y of the company's war contracts and war orders were reduced by
Products Corp. reported net earnings, after all charges and provision
$1,150,000.
Since -the company had already paid Federal
income
taxes
of $900,806 oh this part of its business, the net amount re¬
for Federal income taxes, for the nine months' period ended Sept. 30,'
funded to the Government was' $249,194 and this was charged to the
1943, of $471,418.
The South Coast Corp., being engaged in agri¬
reserve for contingencies.
Consequently, the earnings as reported for
does not report'interim earnings.
It reported
1942 remain unchanged.
for its last fiscal year ended Jan. 31, 1343, net earnings, after all
The company's; 1943 war business is subject to renegotiation at some
charges and provision for Federal income taxes, of $346,709.;- y ■ SfSfi 1:
time in 1944.
No estimate can be made at this time of the probable
During the year the outstanding $3,158,500 of 10-year 4 Ms% deben¬
amount of any adjustment that may result therefrom.
tures due on Feb.
1, 1947, were redeemed by a refunding issue of
$3,000,000 of 12-year 3%% debentures maturing July l, 1955.
This
Consolidated Balance Sheet, Oct. 31, 1943
refunding program, which reduced funded debt by $158,500, also re¬
Assets—Cash in banks and on hand, $2,140,440; U. S. savings bonds,
duces interest charges approximately $22,500 per annum. \ ;
During the year, upon stockholders' approval, each share of the
$100 par value
cumulative preferred' stock was changed into five
shares of $20 par value 5%
cumulative preferred stock, an employee
offering made of 63,841 shares of common stock at $10.50 per share,
and an offering made'to common stockholders of rights to subscribe
at $10.50 per share for one share of common stock for each 10 shares
of common stock owned.
Pursuant to these offerings, 58,523 shares
operations,
$267,958;1 earned
947.
con¬
/
Received
I Certain-teed
cultural
of
1943
from
Chic.
Y.
N.
and
1943
p.
119,733
'
nections
•
•
carloads
I
Received
Pere
for
-
'■
stock,
surplus,
158,
follows:
$1.87
-
Note—Provision
$266,526 'in 1942.
end
capital
of
$912,609
851,836
.
$1.77'
:'
shares
par
paid-in
Total
'
the above agreement,
showing
connections
292,000
900,000
•
taxes
1943, $121,694; other accrue"!
and other items), $745,284;
possible future inventory price
$1,546,382; capital stock (486,775
contingencies,
$3,946,526;
Originated
r
in-
from
o
6
1,555
taxes....
future
•.
security
for
Month of December
3,737,000
5,685,000
social
expenses,
reserve
total, $13,579,916.—V.
statement
A
18,240
?
invests...
taxes.
other *
par),
no
royalties,
$3,066;
$5,501,403
+25,727
and
Chesapeake & Ohio Ry.—Carloadings in 1943—
;•
ceived
property
and-excess profits
and
shares,
$3,854,666;
A
surplus.
to
income
Approp.
of
additional
for
Federal
.
paid
disposal
on
income,
91,998
$7,965,537
51,185
general
withheld, $387,346; reserve for Federal
(less U. S. Treasury notes of $6,for Wisconsin and Massachusetts income
taxes
reserve
(including
declines
-1942
$7,871,551
l_J.l
$112,200;
accrued
taxes
on
profits
excess
deferred
y
—
——
income'
i-Total
1943
for
reserve
miscellaneous
taxes, $453,564; dividend payable Nov. 24,
liabilities
critical
.
refund
from
Profit
cn
including
and various
labor
and
loan)
$325,446;
payable
and
380,230),
$27,049,942 $19,373,388
16,072,589
10,952,155
3,105,802
3,011,828
of; goods
commissions,
amounts
income
'y,
1943
,
sales, less discounts.
sold—..A.-—-—.
Selling, admin, and general expenses—
under increased diffishortages, and
materials.
While our costs of production, procurement and delivery rose sharply
throughout the year, cur sales prices were rigidly held down.
Demand for all Celotex products greatly exceeded output throughout
the year, and at the year's end we carried over the largest backlog
of unfilled orders in history.
*
<• -••'
-•
\ • *
v
An agreement was recently reached with
the Price Adjustment Sec¬
tion, Chicago Ordnance District, covering the renegotiation of war
contracts
for
the
period ended Oct. 31,
1942, resulting in a net
Operations
'
mortgage
>;;
'V./y
1944, 234%, under bank
for $7,500,000 expiring Dec, 31, 1946,
$1,350,000; accounts payable (trade), $465,783; accrued wages, salaries
("VT"
and
(& Subs.)—Earnings—
Years Ended Oct. 31—
Cost
Cqrp,-—-Annual Report—Bror Dahlberg, Presi-
dent in his remarks to stockholders states in
.
estate
•
agreement
and
-
T' 'is-'d-d.;V\; ;y1
Gross
i
real
reserves
'
Distribu¬
24.
\
-
!
the capital
on
Jan.
45 cents; July 31, 43 cents;
947.
',[■
Chain Belt Co.
'
' f
288.
$196,432;
(less
579,916.
credit
Century Shares Trust—44-Cent Distribution—
J.
assets,
$117,201;
amortization of $4,-
Liabilities—Notes payable maturing Jan. 24,
U
Carolina Clinchfield & Ohio Ry.—Bonds Called—
current
aggregating $21,021), $9,853; unamortized
(less amortization Of $12,936), $3,563; estimated
post-war refund of Federal excess" profits taxes, $390,000; total, $13,-
1438.
p.
other
depreciation1 and
patents, purchased
.
30,* 1943.—Y.
Sept.
lor
reserves
charges,
investments
Canadian
$79,395;' sundry
(less
"/ 542,429), $2,226,106; trade-marks, patents, patterns, and drawings. $1;
for
Approp.
noterand accounts receivable (less reserve of $114,250),
inventories of raw materials, work in process, finished
and supplies, $3,683,565; proceeds from life insurance left on
deposit with insurance companies, $257,418; surrender value of life
$130,000;
1942
$1,193,994
appropria¬
depree.—-
&•
depree. on plant and
equipment and outside exploration
.
valued
value
Estimated
211
Total
Total for All Three RRs.—
Received
from
nections
r
.
'
1
t
Originated
I
I
con¬
y
,
1,785.854
'
a
'
'
'
Total
-V.
323,328
-
301,942
3,936,653
3,840,957
:
p.T 4.
159,
>
*
1943,' and since then an
have been sold.
arrangements for the proposed acquisition of a large block of The South Coast Corp. common
stock and purchased 102,500 shares of that corporation at a cost of
$380,000.
This increased to approximately 40% the corporation's com¬
mon
stock holdings in The South Coast Corp., which is the pivotal
source
of
supply for the corporation's basic raw material, basasse.
The corporation realized $273,000 from the sale of the 5,696 shares
which it owned of Certain-teed Products Corp. 6%
prior preference
stock.
'-v YvY';.'.:'
•
y :;yy : Y^r:y:y
In November, 1943, we were able to further expand our Rock Wool
of
The
■
stock
common
additional
sold
Oct.
to
up
31,
$4,i
5%
par)
.
Consolidated Income Statement for'Years Ended Oct. 31
!
<
y
5:5,000
2/4% Equipment Trust Certificates
located
business
has notified the New York Stock Exchange that during
Pennsylvania Railroad
Equipment Trust, Series O
the purchase of an-operating Rock Wool plant and
at Detroit, Mich., for a consideration of 8,000 shares
cumulative preferred stock and $8,500 cash,
by
operations
<$20
were
shares of common stock
was able to conclude
58,501
corporation
Chicago Burlington & Quincy RR.—Reduces Debt—
The company
(PHltADELPHIA PLAN)
-
'
Net
funded
for
,
16,361,701
(less
for
profits
Net
Cum.
and
inc.
162,654
Crl8,296
2,615,936
$1,123,967
147,113
148,863
145,363
471,901
t$1.53
on
'Vs'
2%%
Consolidated
"
........
debentures redeemed during
Sheet,
Balance
are to
*
.
.
be issued under
an
/Agreement dated February 1, 1944, which will
•
'
p
;
.
'I
'lV*
j
,
7
,
'
'
♦
"
MATURITIES, YIELDS AND PRICES
(Accrued "dividends td be added.)
1
...
^
t$0.94
1945
1950*
1947
year.
1.10%
1.30%
1951
1948
$On
and
.85%
1946
selling and administrative expenses but exclusive of de¬
10-year
and dividends by endorsement by
Railroad Company
standard-gauge rolling stock, estimated to cost not less than $5,193,750.
-
•
.
t$2.51
com.
"Including
yy-,- yyy+y'
provide for the issuance of $4,155,000 par amount of Certificates.to be secured by new
706,137
$$0.54
.
$747,623
145,363
preciation and depletion.
tOn 638,410 shares of common stock.
696,933 shares of common stock, t [Including unamortized discount
expense
The Pennsylvania
""•7.
89,300
1,247,790
$1,749,699 '
325,293
—_
share
-
each February I, 1945 to 1959, inclusive.
To be guaranteed unconditionally as to principal
These'Certificates
♦
,
stock
011
9,024
19,454
—•
$530,199
dividend
yyy
vy'+.'■■■";'V:
To be due annually $277,000
%
-
225,254
dividend-,,-
per
'
-yvysyyyyy-.?
■
448,692
•
1,138,545
taxes
Common
Earned
151,615
447,498
exc
profit
pfd.
-
T,
J.t Write-off of redemption
premium
Prov;
$1,457,297
534,526
Cr60,963
income)
other
$3,615,455
143,543
612,724
,
$4,399,675
135,072
depl.
&
'
12,360,204
debt
depr.
deduction
Other
19,110,688
$2,580,831
profit
oper.
on
Prov.
-■yyv''.yyy
•
20,017,438
sales
of
Net
Int.
1940
$22,598,269 $23,510,364 $19,977,155 $13,817,501
sales
"Cost
1941
1942
1943
1.50%
1952
Oct. 31, 1943
in banks and on hand, $2,863,085; U. S. Government
cost). $150,000; notes and accounts receivable (net),
inventories, $2,133,070; investments, $2,309,341; property,
plant and equipment (less reserves for depreciation, depletion and
amortization of $6,867,285), $4,554,060; non-operating properties (less
reserves
for depreciation of $142,872), $115,665;
post-war refund of
excess profits tax,
$50,588; sundry securities, $8,770; miscellaneous in¬
vestments
(less
reserve),
$150,154; patents and patent rights,
at
nominal value, $1; prepaid insurance, $47,860; unamortized debt dis¬
count and expense, $122,827; other deferred charges,
$78,960; total,
1949
1.65%
1.80%
1.90%
2.00%
2.05%
2.10%
2.20%
1953
1954
1955
-
1956
1957
.1958
1959
100.00
99.75
9^.50
99.25
Assets—Cash
securities
(at
yV Issuance and sale of these Certificates
$2,669,788;
are
subject to approval by the Interstate Commerce Commission. The Offering
Circular may
•
be obtained in any State in which this announcement is circulatedfrom only such
undersigned and other dealers as may lawfully offer these securities in such State.
'
of the
HALSEY, STUART & CO. Inc.
$15,254,168.
accrued expenses, $788,496;
Federal income and excess
investment in U. S. Treasury
notes, tax series, at cost, $1,320,000), $821,277; provision for other
Federal and State taxes, $109,011; liability under license agreement,
$36,941; funded debt, $3,000,000; 5% cum. pref. stock ($20 par), $2,977,250; common stock (696,933 shares, no par), $696,933;
paid-in
surplus. $1,363,845; earned surplus, $3;S89,857;
total, $15,254,168.—
V. 159, p. 4.
'
"
;
.
. \
Liabilities—Accounts payable, $1,427,303;
accrued
interest,
$43,254;
provision
.
Central Patricia Gold Mines,
.
.
'
(incorporated)
Ltd.—Acquisition—
THE FIRST CLEVELAND CORPORATION
CRUTTENDEN &. CO.
DEMPSEY-DETMER &. CO.
NEWBURGER &HANO
_
F. S. YANTIS & CO.
WALTER STOKES & CO.
<
President, on Dec. 27, in a letter to the shareholders,
said in part:'.'i "
'
During the year the company continued the policy of outside ex¬
ploration work. On the advice of its management, the company became
interested in the, possibilities of the property of Derlak Red Lake Gold
Mines, Ltd., which is located in the Red Lake mining district, and
adjoins the Madsen Red Lake Gold Mines, Ltd., to the northeast.
Options were taken on the treasury stock of that company; 500,000
shares were purchased at 5 cents per. share and favorable options
secured on 1,349,995 shares
(the balance of the treasury stock), out
of
an
authorized capital of 3,000,000 shares, the Central Patricia
company having the management and direction of the Derlak company.
F.
HALLGARTEN & CO.
OTIS & CO.
for
profits taxes and for renegotiation (less
incorporated
M. Connell,
prior to maturity.
I
in temporary or definitive form will be ready for delivery in New York City on or about February 1, 1944, The information
>y contained herein has been carefully comoiled" from sources considered reliable, and while not guaranteed as to completeness
y
'-'\i
■
or accuracy, we believe it to be correct as of this date.
....
.
.
January
17,
1944
■:
The Commercial and Financial Chronicle
William
offices:
Dana
Seibert,
(Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Spruce St., New York 7, N. Y„ BEekman 3-3341. Herbert D. Seibert, Editor and Publisher;
President; William D. Rlggs, Business Manager. Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on Monday]. Other
Chicago 3,■111. (Telephone; State 0613), in charge of Fred H. Gray, Western Representative; 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith. Copyright
135 S. La Salle St.,
1944 by William B. Dana Company.
Reentered as second-class matter February 25, 1942, at the post office at New York, N. Y., under the Act of March 3, 1879. Subscriptions in United States and
Possessions, $26.00 per year; in Dominion of Canada, $27.50 per year; South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia,
Australia and Africa, $31.00 per year,- NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
y:-:
'
1
\
THE COMMERCIAL
212
principal
at
mortgage bonds of 1919, leaving a balance
in the hands of the public, of which $33,111,000
$23,662,000
are 4%•
$100
(g)
The
Chicago,
Interstate
modified
total
the
or
in, some
revisions
The
In
revising
in a report dated Jan. 3 has
for reorganization of ..the
affect the distribution of securities; to creditors
the
plan
of
the
the reorganized company
Commission denied a
as provided
V/'A-
.:
Assumed
Total
request of general
mortgage
Sinking 'fund
Total-debt
Preferred
about through failure to pay any principal or interest mandatorily payable under the mortgage.
It is also
made clear the right to vote the stock would continue only so long
as the default continued."
...
X
.
,
.
(2) The common stock provisions are modified so as^ to make it
clear that dividends on class B stock, as well as dividends on class A
stock
may be paid out of earned surplus for prior years,
.v
,
l
(3) Stock provisions provide that no redemption of the class A stock
shall be permitted without the concurrence of a majority of the repre¬
sentatives of the class B stock.
: .
X.„„fX w 1'
(4) The plan provides that the voting trustees shall be selected by a
majority»in interest of voting holders and pledgees of the, debtor's
first and general mortgage bonds and refunding bonds. ■ ,
'
■
'
'
uXX'_;
XX^XXx XXXX*X'XXXX„$128.850,060
stock,, 5 % XXX
75,000,000
r
'
-
$7,586,510
3,750,000
order
Corp.—Capital Contributions
permitting
•V
make
proposes to
to become effective pur¬
to the 'following trans-
( ■,
contributions aggregating
gasoline subsidiaries whose stock
and indebtedness it acquired from Columbia Oil & Gasoline Corp,
(Columbia Oil).: The proposed contribution will consist of fo'rgiveriess
of income demand notes of
such subsidiaries as follows: The Ohio
Fuel .Supply Co., $662,416;; the Preston
Oil Co., $4,944,116;. Viking
Distributing Co., $44,812; Virginian Gasoline, and Oil Co.,'$3,662,026.
It is stated that the proposed contributions will be
used by these
subsidiaries to
create capital surplus which,; together with surplus
already available, will be utilized principally for making reductions
in property accounts in order to restate them at "historical cost (cost
to system companies first acquiring the property)'' increasing existing
.
4'/«#>• incomX
an
declarations with respect
Gas
capital
$9,313,371 to four: of the five oil and
debt,X'—XAXXtXX::: $48,850,060' $1,934,972
interest
fixed
issued
U-23
.v;-
Columbia
'
XiXX X XX—'i' 200,000
-.1,614,038'
bbhdslVXX_X 80,000,000 X 3,600,000
400,000
tReconstruction Finance Corp. -note (contingent/X'"X''X X-X/.XyX'V.
:■;,interest-,:Xv-~-X./X/—X-XXXXXXXXX-X -; XX;.^... ,.-,/ 37,500
General
has
Rule
to
.actions:.-'.:'-,.'
;
Capital; fund
for changes to afford them . 'adequate lecognicertain units of equipment.
:•■ ■ XV:/';
Changes made in the Monori plan include the following,
■ ■.
(1) The new first mortgage bonds are modified to make it .clear
that the event of default which would give the first mortgage bond¬
holders the right to vote the stock of the Chicago & Western Indiana
Ry, and the Belt Railway Co, of Chicago, and to receive the dividends
stock at, 120 and
Trust. Co, transfer
York City.—V. 157, p. 863.
•
' •
'i'1 .
shares of its 17o cumulative preferred
Payment will be made at the New York
SEC
The
suant
Memphis 4%
-Sinking; .fund
;
Columbia Gas & Electric
•:
.
••
Choctaw. &
49
agent, 100 Broadway, New
J''.''."■ X/ "XX>./ <■■■":■■ %:XV;/ /"XX'XX'VXXX'/X; Principal
Annual .
X'XXX:"■ X XX X'* XX Amount Requirem'ts
X;
V'/XXX
of
dividends.
.
mortgage bondholders
nion" of their lien on
depletion
'
the
in
■
and retirement reserves, adjustments of accrued
of Viking Distributing Co.", for eliminating a
taxes; and
deficit in
case
1937.
v
-$203,850,060 $11,336,510 ,' ~
The;- adjustments which are applicable te the period prior to Dec.
Total debt and preferred stock
:
_t 152,267,267
31, 1937, aggregate $19,036,891.
The subsidiaries will charge $9,723,Common stock (no par)—f
X-XXX-l
> 520 of this amount to surplus prior to Jan. 1, 1938, and the balance
X of $9,313,371 to the capital surplus being created.
^"-=j
Total capitalization
..$356,117,327
Columbia Gas proposes to record its; investment in the common
'•:
"Principal of Choctaw & Memphis bonds" to be assumed with 'ma-;: >. stocks of the subsidiaries at the adjusted underlying book value thereof
turity date extended 20 years and interest during the extended period > at Dec.-'31, 1937, and in the indebtedness of the subsidiaries in the
reduced from 5%
to ■ 4%tTo bear
interest,' of which 2%Ho;\
amount remaining after the capital contributions.
; f : r "::
will be fixed and 1 Vawill be Contingent;'/. JTaklng the no par
A) In addition to the common;;stock and indebtedness of the subcommon stock at $100 a share.
;,'r sidiaries; Columbia Gas will receive 'from "Columbia Oil net current
The distribution of the new securities per $1,000 of principal claim
assets aggregating $2,606,823.
'
C;
•
is as follows:
7v.:
;•:■ v.:"!-'<■;.[{ In
recording
these investments Columbia Gas in
effect will be
V/ ;:: vV.'l :> ''
'—New Securities Per $1,000 of Principal Claim^-r- A substituting /investments in and advances to the oil and gas sub¬
Under the plan the stock trustees -shall be compensated for
JClaim
Gen'l
•
sidiaries for its investment in the preferred stock of Columbia Oil.
services
It also was provided that the Railroad Credit Corp.
prin. &
Notes & . - First1'- intge.
•
* CommOri1
• ; Columbia
Gas
presently
carries $29,638,647
as
its investment in
have a
voice in the selection of the reorganization manager
int. to
undismtge. income 5% pfd.
stoclc
-'V"4
Columbia Oil preferred stock, against which there is a reserve of
is to be designated by the mortgage committee and the group
Class—
1-1-44
turbed
.
4s
4%s i stock . (no par) Total
$12,000,006.,
stitutional holders of first and general mortgage bonds.
.
Gen. mtge...$l,210.86
$143.73 $454.14 $445.98 $336.37 $1,380.22
Another change provides the stock trustees shall have the power
Pension Plan Voted—
<•
First & ref. 1,318.39
,
91.94
232.72
209.62' 524.85 1,059.13
to make proposals to the purchasers of the trusteed
common
'^Sec'd
4J/aS 1,360.53
Stuart M. Crocker, President, on Jan. 12 announced that, the stock¬
103.43
261.81 235.82 590.46 l,'19l.52
either in connection with, or independently of, any contract for
holders
at a: recent
special meeting * approved a pension plan for
C. & M.__._ 1,000.00 $1,000.00 :
^
1,000.00
of class A stock and class B stock.
C. O. & G,_ 1,358.66
; 93.86
487.75 520.96 189.80 1,292.37 •i employees of the Columbia Gas system. With 8.651,410 shares repre¬
Effective' Date
'
sented at the, meeting, Mr. Crocker said, 5,514,603 shares were voted
■St.. P. &
K. C. S. L. 1,403.27
99:10
161.33" 128.59 574.47
963.49
in favor of the plan and 3,087,237 against it.
The effective date of the plan shall be Jan. 1,
1943. The new se¬
R. I. A. & L. 1,369.05
—116.06
267.39
216.37 461.58 1,061.40 v
The largest individual holder of Columbia Gas common stock/ the
curities shall be issued and dated as of Jan. 1, 1943, although con¬
United
Corp.,;- voted against the plan, Mr, Crocker disclosed,' The
tL. R. &
*
'
summation of the plan is delayed beyond that date, - The reoiganiza-.
H. S. W._
456.07
81.99
188.88
152.84
63.44
487.15 ; United Corp. management advised Columbia Gas, Mr. Crocker said,
tion managers may, however, with the approval of the courV cause
B. C. R. & N. 1,481.30
100.00
250.00 528.17 ' 878,17
that while it thoroughly believed in a uniform, pension plan, it-could
any issue of new securities to be dated as of another date,
Banks
1,223.08"
-R. 363.52 721.53" 612.79 2,094.48 3,792.32 ; not vote in favor of the proposal at this time because of the undeif the creditors who receive such issue, of new securities shall receive
R.
F, C.„a 1,247.70
182.23
296.74
436.84 325.23
812.30 2,053.34
termined status of Columbia Gas under the Public Utility Holding
the same amounts in cash and the same rights in respect of
Unsec. conv.11
"
.
1
,
,
.
Company Act.
!'" v':V;
■' v -ii,;i ■'v:-".■ "'"•-' i':;ti.-/
and accumulations of interest or dividends, as if such issue of new
4'/2s
1,467.58
496.70 : 496.70
The United Corp. through its President, William Hickey, on Jan. 12
securities had been dated Jan. 1, 1943.
. ' r
Gen. creditors
'yy
496.70
496.70
announced that it would vote in favor of a pension plan proposed
New Capitalization
for the United Gas Improvement Co., another statutory subsidiary in
"■The distributions for this issue are per $1,000 bond, the amount of
principal owing on each bond being $995,34. > fClaim in column (1) J which it holds a 26% voting stock interest. Stockholders of U. G. I.
The capitalization of the reorganized company, upon consummation
will vote on the plan on Feb. 29.
'
calculated on basis of proportion of this $1,140,000 bond issue ap¬
of the plan, as of its effective date'; shall consist of approximately
following:
X plicable to Rock Island System, viz., $453,U00; actual dollar allotment '' Five Directors Resign—
'
.
in
other columns is made against $1,140,000 of bonds...
J Amounts
Equipment trust
'..The corporation on Jan. 6 made the following announcement:
assuming
of
First mortgage series A 4% income bonds<,613,800 made.—V. payments107. surplus cash herein provided for to have been ; > f The members of the board named below have found it increasingly
159, p.
.
Second mortgage series A 4%% income bonds
8,914,496
difficult during the past year to. attend meetings and perform other
Class A 5% common stock ($25 par), $343,713.80 shares8,592,845
:. important duties as .directors under restricted travel
accommodations
Class B common stock (no par), stated at $25 a share, 195,City of New York Insurance Co:—50-Cent Dividend—
and added responsibilities in connection with their individual business
746 sharesXAAXXrX/'XV~XAXV(;XX'X:XXXXX~"AX/*'®93,65(y
enterprises; and have accordingly felt it necessary to ask to
be
The directors have declared a dividend of 50 Cents per share on the
relieved of their duties as directors.
'
■ u,;..; /■■
$30,084,791
capital stock, par $10, payable Feb. I to holders , of record Jan. 15.:
Total
The board of directors,
therefore, with deep regret have accepted
Similar payments were made on Feb. 1 and Aug. 2, last year.—-V. 157,
the resignations as directors of Harry. J. Crawford,
Emlenton, Pa,;
p. 217.
*
■
Upon the consummation of the plan and the issue and
:: Thdmaa B. .Gregory,, Pittsburgh; Pa.; Henry Neil Mallon, Bradford,
of securities, the existing mortgages on the debtor's properties
;
Pa.; John G; Pew; Philadelphia,
Pa.; and Thomas W. Phillips Jr.,
be released of record in all instances and the bonds,/.cancelled* if Ju®x
; Cleveland Tractor Co. <& Subs.)—Earnings-,
. ..
.Butler- Pa. . [This reduces the directorate to 10 members,]; The manholders of bonds which the' mortgages Secure , are to be allocated other
'■ Year Ended Sept. 30—.... .X; :
i',£
*1943 ' ? ' 1942! •
t
agement is assured of. the .continued..interest of these men, who have
securities.All collateral pledged under such mortgages and other
.Net sales
:$44,566,014? $23;32ff;B23'
been very active in the affairs of the corporation,
as they are,-subassets held
by the mortgage trustees in connection with, the same
Vv,'0st ot goods sold
044,165: . 19,520,594
stantial owners of the securities of the corporation,—V. 158, p. 2465.
mortgages shall be surrendered to the reorganization managers, Selling/ service, general, and admin. expensejS-X,1,-187,926?'y lv089.763
from the liens of the mortgages after deduction from such assets of
Commonwealth & Southern Corp.—Weekly Output— ..
any amounts which the court may find should be deducted under
Operating profit ;X—XijXlXtXXXXXX': $5,333,923), $2,716,266
provisions of the mortgages and consistent with the plan. •
- - • •
The weekly' kilowatt hour output'of electric energy of subsidiaries
Interest and financing ineoibe„_„^.j.j..:^-__^_-'...:,-25,867 '
51,265
The debtor's present equipment trust obligations shall remain un¬
Profit on disposal of equipment^^I—'
21,519
.
44,791 A of this ;corporation, adjusted to show general business conditions of
disturbed.
territory served for the week ended Jan; 6, 1944, amounted to 246.Sundry other income (net)
- J - ' 7711
■ 8,736
Distribution of New Securities
//XX
780,772
as compared
with 225,331,075 for the corresponding week
The holders of bonds of the classes stated below shall receive for
Total
income
$5,382,081- $2,821,058 Xin 1943, an increase of 21,449,697, or 9.52%,—V. 159, p. 107.
each $1,000 bond and all unpaid interest thereon as of the effective
Debenture discount and expense—-—27,263
9,787
date of the plan,: the following-amounts of new securities:
.
Interest onv> debentures
.
16,845
44,284
Consolidated Edison Co. of New York, Inc.—OutputXr
-Refunding mortgage €%■ bonds, $463 of new first mortgage bonds,
Other-: interest—
:
1—1
—
5,054 *'' 39,213
The company on Jan. 12 announced that system output of electricity
$575 of new second mortgage. income bonds, and $532 of new class A
Prov. for doubtful accounts (less. recoveries')X;;X'',:X-!fcUU5'''X:-;. 18,650
(electricity generated 'and purchased) for the week ending Jan. 9,
-common stock. .:
::;Xv'"r--- ■'••■'"'•' '///.V-X: ■//' '
X,V .
•(Provision for Federal taxes on income (est.)—
3,863,000
1,781,345
:
Refunding mortgage 5%. bonds, $435 of first mortgage bonds, $540 of
1944, amounting to 230,100,000 kwh,, compared With 168,300,000 kwh.
for: the correspondng week of 1943, ah increase of 36.7%.
Local dis¬
second mortgage bonds, and $500 of class A common stock.
f.
Net- profitj—
11
.—-U—$1,469,919' . $927,779
tribution of electricity amounted to 212,400,000 kwh,, compared with
Refunding mortgage 4% bonds, $407 of first mortgage bonds, $505
Reserved for operating and other contingencies, r.
647,537, i V ,72,463
of second mortgage bonds, and $468 of class A common stock.
*161,500,000 kwh; for the corresponding week of last year, an increase
Of 31.6%.—V. 153, p. 107.
•
Indianapolis & Louisville 4% bonds, $404 of first mortgage bonds,
Balance,
surplus
——
——I
$822,382
$855,316
$507 of second mortgage bonds, and $469 of class A common stock.
"Including provisions for depreciation of $124,000 for 1943 and $186,First
and general mortgage 5.%; bonds,
$42.13 of first mortgage
Consolidated Retail Stores, Inc.—December Sales—
C96 for 1942 and amortization of emergency (facilities, special dies, jigs,
bonds, $16.13 of second mortgage bonds, $37.50 of class A common,
Period End. Dec. 31—
1943—Month—1942
1943—12 Mos.—1942
etc;,"of $226,238 for 1943 and $156,505 for 1942;
(Includes normal in¬
stock, and $325 of class B common stock. \
come
an.d surtax of $261,800 In 1943 and $495,313 in 1942; .excessSales ; X——
—
$2,159,037 $1,758,989 $19,825,075 $15,072,963
First and general mortgage 6% bonds, $45.36 of first mortgage bonds,
profits tax of $3,675,600 (after credit of $325,600 for debt retirement)
—V, 158, p. 2360.
'
$17.37 of second mortgage bonds, $40.37 of class A common stock, and
in 1943 and $1,263,882 in 1942; post-war refund of "excess-profits tax
$350 of class B common stock.
' 1
:
'
of OCT), $74,400 in 1943 and -(Cr), $15,000" in 1942; and. additional
Continental Can Co., Inc.—Acquisition—
;
4
The allocations of securities to-the Railroad Credit Corporation and
prior 'years tax of $37,150 in 1942. .
.
the Chase National Bank on account of first and general mortgage
This corporation has acquired substantially all of the capital stock
Note—Profits of the company include those from transactions subject
bonds held by them as collateral and in satisfaction of their claims
/ of Bond Manufacturing Corp., large makers of crown caps for bottles,
to the provisions of the War Profits Control Act providing .for re¬
shall be as follows:
*
for approximately $4,500,000.' ':
"
/•-• :X:''':
■
Railroad Credit Corp., $90,856 of new first mortgage bonds;-$34,792
capture of any profits found as a result of renegotiation to be excesG. P. Edmonds, President of the Bond company, will continue
as
sive. • Since the date of,issuance of its annual report for, the year
of new second mortgage bonds, $80,861 of new class A common stock,
Xhead of the organization and other officials ..will remain with it. -The
''
ended Sept. 30, 1942, the company has agreed to refund $2,800,000 for
and $701,050 of new class B common stock. XV. : .
■
Bond
Co.,' which has plants in Wilmington, Del., and Las Angeles,
the year then ended,; less credit for" amount of .applicable income and
Chase National Bank, $112,103 of first mortgage bonds, $42,927 of
Calif., will be operated as a continental subsidiary.—V. 158, P. 2578.
excess profits-taxes paid thereupon," and has'signed a proposed agree¬
second mortgage bonds, $99,772 of class A common stock, and $864,975
ment
submitted by the Price Adjustment Board of the Cleveland
of class B common stock.
%X /.X/V.XV
XXA-X'.//
Cornell-Dubilier Electric Corp.—Annual Report—
X
Ordnance District but such proposed agreement has not been signed
In addition the Railroad Credit Corp. shall receive 400 shares of
for the Government.
A comparison of the revised statement with the
class B common stock having a stated value of $10,000, this being in
Sales of capacitors by corporation, the world's largest manufacturer
original statement for the year ended Sept. 30, 1942, will show that no
of these fixed electrical condensers, amounted to, $22,346,892 for the
exchange for the surrender of miscellaneous collateral held,—'V. 159,
change has been made in the net balance of $855,315 transferred to
fiscal year ended Sept. 30, 1943,> Octave Blake,: President, reports to
p, 107.
surplus since the net charge of $695,195 (refund less applicable taxes)
stockholders.This is almost double the sales figure for 1942, amountis covered
by application of $354,537 to reserve and elimination of
ing
to
$12,484,750, which in turn .was nearly
double the total
Chicago & North Western Ry.—New Trustee—
$340,658 from the liability for warranty as , the agreement provides for
for 1941.
//X'.''r'.
A
Charles A. Roth, a Chicago attorney, has been appointed trustee of
release of the company from such liability.
For the year ended Sept, '"V-'v "Mr.- Blake in his report emphasized that whereas recent Increases
this road to succeed Charles M. Thomson, who died last month.
30, 1943, provision has been made for possible refund by .deduction from
in sales have been due to the success fo electronic equipment in the
Earlier, Federal Judge John P. Barnes issued an injunction prohibit¬
sales of an amount computed onv the. same general basis, as that used
'/war and intensive reseach, the company had in pre-war years shown a
ing any suits that would interfere with the road's reorganiaztion
in the determination of the proposed refund for the year ended Sept.
'marked
increase /in
sales—from $748,517 for the/'first 11 months'
plan, and expressed hope that the reorganization would be completed
30, 1942.
These provisions, however,: are subject to possible adjustment ,
period of operations ended April 30, 1934V to $6,416,506 for the year
within three or four months., V
:■
V!i
upon final agreement,.....
X'X'XXV' /X .v; ■?. ended Sept. 30. 1941—which was due to some extent to! developments
Attorneys for interested parties agreed that all litigation in connec¬
'in the electronic field.
Mr. Blake stated that he expected that manv
Consolidated Balance Sheet, Sept. 30, 1943
tion with the reorganization had been adjudicated.—V. 359, p. 4,.
•
of the electronic devices developed for war use will have commercial
j'lfoil
V--:','
•. "■■■'Vv-'. V;v'
application after the war. '
"
■//.'
Assets—Cash, $1,692,757; U. S. Treasury tax savings notes, $340,000;
Consolidated net income of corporation and subsidiary, for the year
notes and accounts receivable (less reserve of $52,391), $5,006,075; In¬
Chicago, Rock Island & Pacific Railway—ICC Revises
ended-Sept. 30, 1943, totaled $1,790,736 after provision for all charges
ventories (less advances by United States Government on war contract
Reorganization Plan—Would Distribute
and $5,000,000 Federal income taxes, including $4,700,000 excess profits
after deducting .balance of $1,512,541 in restricted cash account of
■'Cash—jiiu;
:
••
tax, but without provisions for, renegotiation of
contracts, These
$1,805,714), $8,065,362; post-war refund of Federal excess-profits taxes
; v
The ICC has made public its decision of Jan. 3 approving certain
earnings were equal to $4.34 per share cn 412,635 shares of common
(est.), $89,520; sundry notes and accounts including advances to. em¬
stock • then outstanding.
A year earlier consolidated net income after
modifications of the plan of reorganization of the Rock Island ap¬
ployees, $25,329; real estate not used, $112,533," property, plant;,and
adjustments giving elfect to a reduction in reserve for back wages.
proved by the Commission on Oct. 31, 1940, as modified on July 31,
equipment (less reserves of $1,270,600), $1,190,038; designing, engineer¬
; th,e
1941, and Oct. 2, 1941.
The major modifications are: /
payment, of $700,000 to the War Department following renegotiaing, and other preliminary expenditures relating to war contracts less
amortization, $234,892; prepaid insurance, taxes, and other expenses,' l-tibn-of .contracts, and the consequent-adjustments in the provisions
(a) Changing the effective date from Jan. 1, 1942, to Jan. 1, 1944.
on
i
The
bonds.—$3,524,000 •,..,$140,960
Undisturbed equipment obligations—11,909,000 ,:
294,830
tReconstruction Finance .Corp., noteA-/—A-i2,500,000
62,500
First mortgage 4%■ bonds
^-^-—-—.
30,917,060
1,236,682
*
Clinchfield Coal Corp.—Partial Redemption of Stock
corporation has called for redemption as- of: Feb. 1;. 1944,: k
;
total
the-plan.
; A.
..-;.-VXXXX/X ' "■ V 'X' .•■'X
capital structure and annual charges are summarized
of
V!,;'
'<
Commerce Commission
respects: its final plan
do not
capitalization
;
resultant
follows:
as
ization—
The
total .of $1,024,833,. taking
a
share.
(f) Providing that the
is subject to approval by
Visions
Indianapolis & Louisville Ry.—Reorganiza¬
tion Plan Modified by ICC—Revisions Do Not Affect
Distribution of Securities to Creditors or Total Capital¬
a
Monday, January 17, 1944
CHRONICLE
the new common stock
V'. V
;l...
Xt AX'" X>-X •%
designation of the reorganization managers
the court.
'
'X'X. X "X-X-'■'
Certain minor modifications of a technical nature in ,the probonds,
Northern
amount of Illinois, Division
of $56,773,000 outstanding
are 3 Vz W bonus and
bonds.—V. 159, p. 4. './/• /• ,.■/;- XX'.X'1
.'XX ' X
$16,384,000
acquired
it
1943
& FINANCIAL
such
.surplus
stock, would come
their
shall
which
of in¬
as
at Dec, 31,
-
-
,
,
,
,
.
•
.
.
,
stock
sale
.
...
.
.
.
.
but only
,
.
accruals
-
.
"
the
•
t
"*
'.'obligations^—f
■
,
•
'
distribution
shall
•
^
■
free
the
.
•
,
,
.
,
,
"
'
■
,
;
-
r
,
.
,
•
-
'
•
.
-
•
;
'■
$38,011,922 In
"
■
•
$38,011,922 cash among the creditors.
the creditors of an' additional $12,409,600 of
comprised of $11,000,000 of bonds which
formerly were reserved for sale .or pledge to provide new money which
is no longer necessary, and $1,409,600 of bonds released through pro¬
vision now being made to pay in cash accrued unpaid interest on
Choctaw & Memphis bonds.
(d) A decrease of $376,651 of new common stock, taking the stock
at $100 a share, In the allotment of such stock to the holders of the
Kansas City Short Line bonds, being the amount of such stock allotted
to those bondholders for the deficiency in their principal claim.
(e) An increase in the allotment of new common stock to the un¬
secured creditors by an amount equal to the amount of such stock
allotted as a block to the holders of Burlington, Cedar Rapids &
(b) The distribution of
(c) The distribution to
new
first
mortgage
bonds,
$101,733;
inventories of supplies, $19,664; total, $11,871,828.
■
\y.,\
.
; for Federal income and excess profits taxes, equaled $786,122,.
per sjiare oh 264,619% shares of common stock outstanding
! time.
'.
•
■'
' • .'•
.
•■:->'.■ ..
'',/'/■
Consolidated Income Account.
A
;
.
Liabilities—Accounts payable,
ernment,
employees
$1,295,882;'payable to "Oie U> S. Gov¬
-
wages, and other compensation, $231,339;
bond account, $123,095; payroll and. withholding taxes.
$880,459; salaries,
war
estimated liability for warranty adjustments, $53,210; accrued
Federal capital stock and local..taxes,. .$137,682^Federal taxes.on in¬
come (est.)
(less U. S. Treasury tax savings notes purchased .and held
for
tax
payments of $3,930,720), $6,680; estimated liability to theU. S. Government in connection with renegotiation pf contracts, $4,474,196; reserve for operating amj other contingencies, $820,365; capi¬
tal stock (220,000 shares, par $5). $1,100,000; capital, .surplus,.$1,282.491; earned surplus, $1,386,909: capital stock in Treasury (12 shares),
$525; total, $11,871,828.—V. 157, p. 601.
X
$80,046;
Years Ended Sept. 30—
' -V ;
net income___„____-
.■>Consolidated
.
Outstanding
,;
■'After
V
all
Revenue
1942
'
'
1943
tl942
1941<
$786,122
$658,667
412.636
264,619
264,640
common
$4.3.4
$2.97
$2.49
charges and Federal income taxes computed under the
common
Earnings, per
..
>
or $2.97
at. 'that
..
..
Act.
$1;790,736
shares_^_^_^.
share,
' (Revised.
.
/
.
"
;
_
Consolidated Balance Sheet, Sept. 30, 1943
Assets—Demand
deposits
and cash on hand, $4,456,541;
notes and
Volume
accounts
for
taxes
applicable
to
prior
debentures due Jan.: l, 1952, $126,6755" common stock
(par $1), $412,636; paid-in surplus, $1,925,262; learned surplus, $3,~
242,913; total, $11,909,142.—V. 158; p. 2250.
v'
V; X
'A
during
,
■
V'..
.-'b.
Returns, ' allowances
/ setts
195,470
$2,717,194
2.027,541
Gross
...
profit_u:!-A-_^-A_-^^2A-^-r;
operating
$689,654
$576,795
ci_/——_2/l
207,322
227,467
232,647
'3 I
.
__
expenses
Administrative
,
______
_
•
133,046
.2.
expenses
■
.'**.{
income
Deductions
.1"
'
Net
and
sales
Net
of
Cost
&
$48,450
Provision
taxes___
9.627
Taxes
11,139
,
3,600
Ccntrib.
$162,717
60,000
$38,783
._
contingencies.
taxes....
1,734,525
.133,560
134,335
134,360
profit
Operating
$38,733
/.-__— w_
...$102,717
year______
war and
post-war
_-l'_
______
12,507,021
Interest
8,261,668
1,141,215
surplus
Balance
■•'Assets—//
U.
:
and
;'
Cr254,936
.2b
Liabilities—
\
_.
payable __.__b.w_:
Accounts payable and accrued
2 41,626
31,809
$2,063,850
..,
Accrued
taxes
for
64,000
u—•—:_.
1,751,800
surplus
—_
3,432
♦After
1942.
depreciation
for
reserve
of
tDeficit.—V. 155, p. 1823.
;
tl69,61G
$2,079,310
Total
3,432
t66,898
$2,063,850
in
$436,121
*
-
71
158, p. 2578.
,
$1,010,886
11.6%—
<
debt
chaiges
v
398,099
229,547
surplus
Aircraft
—V.
the
to
joined
has
Corp.,
organization
its
,
.
executive capacity.
in an
.
v
-
4
■:
/
Cudahy Packing Co.—Annual Report—
:
'
'f
.
t>
s
7,
President, follow.;- ;l..A/''~:2
Working capital at Oct. 31, 1943, was $31,451,500, as compared with
$29,019,488 at Oct. 31. 1942, and $26,904,075 at Oct. 31, 1941.
This
represents an .increase in working capital of $4,547,425 during the twoyear
period.
The ratio of current assets to current liabilities at
Oct. 31, 1943, was 2.67 to 1, compared with 2.58 to 1 at the close of
1942, and 3.24 to 1 at the close of 1941.
The principal changes in
working capital during the year ended Oct. 31, 1943, were an advance
in
inventories of $5,319,189 and a decline in cash of $2,030,135 and
notes payable" of $1,123,000.
Heavy
livestock supplies available in, the markets in. the closing
days of the year resulted in larger inventories and smaller cash bal¬
ances than at the close of the preceding year.
The method of deter¬
A, Cudahy,
the remarks of E.
-Extracts of
•
supplies
and
ingredients,
products,
of
prices
inventory
mining
Oct.
at
1943, was in conformity with that used in preceding year.
receivable balances at Oct, 31, 1943,
remained approxi¬
31,
Accounts
the
of
nificant
in
the
'and .reflects
year
view
with
larly
reference
doubtful
.for
reserve
possible
cover
the preceding fiscal closing..; This fact is sig¬
greatly increased volume of business during;
improved credit and collection methods particu¬
to accounts with the U. S. Government. »The
accounts at $276,277 is considered adequate to
the same as at
mately
future
,
ceivable.
Tosses
in. the
collection
of
the
-
„
accounts
.
,
re¬
'
payable were reduced' during the year under review: and
$7,000,000 of U.- S. Treasury lax notes were purchased for use. in
payment of 1943 Federal income and excess proiits taxes during 1944.
The net investment in property, plant and equipment was reduced
Notes
.
from
$23,929,576
at, Oct.
31,
tfr $22,584,847
1942,
at' Oct. 31, 1943.
is accounted for by the fact that provision for
This reduction
716,843
$1,794,454
Funded
retired
in
indenture,
in
-■*"
1943
indebtedness
reduced
was
accordance, with
by
sinking
the
.y
y.
fund
y.y:
Net
Net
v
/t.i
.
:■
>1
y
-
urf
■
54,256,000
60,377,000
.71.461,000
54,283,000
75,162,000
56,735,000
•
■
-•yi/i
total
'oijiGno. -a..
meat, production
•
-
.
.
■
of Agriculture recently estimated the total production of
in 1943 at 116,000.000 tons. or 17c
under that of the
previous year. ' Current consumption of feeds is. at" a high level.
Unless feeds are well distributed and used efficiently, some decrease
in total livestock production is in prdspect for
1944.
It is doubtful
(■<;
I
be
A
i-riiT
a
fire,
it
)
.
1942
1941
1940
$4,052,370
$3,585,015
$3.12
$3.02
■■
•
t
*"
$2,75
)
$3.62
-
1
)
from an associated company.
matt rials under existing Federal
received
$400,000
for
contracts
war
not affect, the company's
■
'
■
1943,
y"'
yy
earnings, according to the
;;
■•■v2y-
'2.yy;
Preferred Shares—
that all of the outstanding 5% preferred
on
Feb.
15, 1944, at $105 per share.
The
previously declared, payable Feb. 15 to holders of
Feb, 1, will be paid in regular course by mail.
Redemption
made at The Cleveland Trust Co., 916 Euclid Ave,, Cleveland,
announces
redeemed
be
dividend
158,
X"".
U2-;;Tv:--:2 ■':■. 2-"'■
2360.
p.
du Pont de Nemours & Co.
X'
anti-trust
Sherman
.
conspiracy to restrain trade in
charging,
suit
y
firearms and sporting ammunition has been filed
in Federal court against Imperial Chemical Industries, Ltd.2 Imperial.;.
Chemical Industries (New York), Ltd., its American agent; E, I. du Pont
de
products,
the
of
Arms Co.; Lord Harry D.
Imperial Chemical Industries,
Remington
Co.,
&
Nemours
Chairman
board
of
McGowan,
Ltd., Lord
-
Melchett, director of the British company; Lammot du
Pont. Chairman of the board of the du Pont company; Walter Samuel
Carpenter, Jr.,. President of du Pont, "and Charles Krum Davis, Presi¬
dent of,.Remington. The defendants are charged.with having engaged
in numerous contracts and agreements, dating back to 1897 to appor¬
tion among themselves world territories "and to completely eliminate
competition between the defendant companies.
The
combination and conspiracy, it is alleged, has restrained the
in
Mond
6%%.
16,220,055
v y
.
.
and
described
so
securities
valuable
business
Feb:
on
surrender
1944," to
7,
Fort
1944)
have
materially
raised
the standard of living.
present war effort, the
made avail¬
same
'
cancel
that" any holders of the above old securities of certificates
therefor forward them to the Detroit Trust Co., 201. West.
Detroit : 31, Mich.,, on or before the above
in exchange for the new'securities.—V. .157, p. 218,
Street,
improved
these
contractual
from,
substantially
to
American
progress
scientific
"Among the more important
and.;,.,
these agreements has'contributed
to the success of -American
and
duw-/■»>. >
.:'-.2y-;'/
' \7;x.
/yx:'■■■ ••
The
arrangements.
technical information stemming from
■■■■
products which have resulted from these
date (Feb 7,
quantities needed; a process for manufacturing metallic-sodjum ^which
is indispensable in making tetraethyl lead; the development of methyl
methacrylate, the glass-like enclosures to be found on . every combat
airplane; a new degreasing process vital to quantity production of air¬
craft engines; and a new plastic—polythene—-which has gone into the
production of new electrical, .items urgently needed by ' the Army and
Navy; not to mention rayon, dyes, .c.ellophone, "Zelan" : water-repellent
for military apparel, and many other chemical products, all improved
and perfectedhere but stemming originally from abroad.
Nor. has,
mention
been
made of the fact: that the information obtained has'
lessened certain lines of research, releasing our chemists so they may "
concentrate on unexplored and promising fields." *:
■
"Surely it, cannot be the policy of the Department of Justice to '
attempt to prevent the continuance afid expansion of such immensely
beneficial
arrangements,
which have been
a
common
practice in
American industry.
But if such be the policy, the du Pont Co. asserts .
-
,
Devoe
&
Manager—
A.
H.
ager
of
,
Mohrhusen
Devoe
Co., Inc.—General
Raynolds
&
,
has
'
Merqhanclising
>
.
been
."
,y.:.y
appointed General Merchandising Man¬
Raynolds Co., New York,
'.<i
...
j.
U-
'.
'■
;
and associated trade sales
Ui'
-J,
■
-.8-
J ■>.?.-
4''
i. 2 ?
I
■1 ,-f1
i
-
i-
-i
-
;
agreements
'■:
'■
have
to our Armed forces in
and to which reference may be made without.-_c(riQlq,sing
military secrets are the following; developments incident)to synthetic
■■ammonia made from nitrogen extracted from the air,' withc/uti'Wlfibh
we
could not have smokeless powder and TNT in anything like ,the
Union
to
flowing
from the exchange of scientific data •many
resulted for the use of .the American public
this war. du Pont cnemists have
and have further developed the scientific' data
again
products
materially
of
is urged
Deposit
.
had an agreement with Imperial
mutual opportunity to acquire
a
importantly in connection with the
and necessary
decree
of
more
companies. /And
>.
must
distributed.
It
of
final
close
for
fields
and
Co.; agent,: at'
and return to said
Detroit & Canada Tunnel Corp. all of the new securities theretofore
deposited with it,for distribuption which have riot at said date been
:Said
the
y
years
2Agreements. of a similar character but limited to specific* chemical
have been made from time to time. with continental European
Securities Ready
sinking fund bonds
issued under-.the-plan of reorganization."
further ordered said Detroit Trust
Tunnel Corp.,
for
knowledge resulting from this agreement and the products
able as a result of it have been of inestimable value.
/
both dated
deposit of
above;; who 'have not heretofore exchanged such
above
sense.
providing
which
processes
Even
convertible sinking fund gold debentures,
including the holders of any certificates of
'■J-',T
hr.s
Co.
Industries
been of the
, v
Canada Tunnel Co.—New
for mew
Pont
du
patent licenses and technical and scientific information relating to the
It is asserted unequivocally that this agreement has
greatest, benefit in giving to the American public products
,
23,891,855
6,324,634J 5,047,070
3,733,081
2,226,686'
20,699,893
.
accepted
generally
its
'The
Chemical
28,328,607
"
.-.-A
'
chemical industry.
26,506,355
.
Jim
.'l't
after
,
Conspiracy—
Guardian
Trust CO.yof Detroit,; Mich., now Detroit Trust Co., as agent, for
exchange on or before The close, of business Feb. 7, 1944, in order to
participate in the distribution of new securities of Detroit & Canada
.
Department
feed
grain's
&
1928,
securities
■ -
this country in any year,
..
:
These vast quantities of livestock and necessary livestock feeds and
the other foodstuffs
produced are a tribute to the patriotism and
industry of the American farmers; who have not faltered even under
the handicap of a shortage of farm labor and equipment.
The XJ; S.
of
of
company
chemical
Detroit & Canada Tunnel Corp.,
f-!'-y';; • ■,-■'
:-y>.
final decree entered in the U. S. District Court for the Eastern
District'of Michigan, Southern* Division, on Feb. 6, 1939, in proceeding»
for reorganization of the above company, ordered that holders of. old;
55,089.000
fn
■
1,879,490
to all holders of first mortgage 6%
securities
old
establishments, local
of
i
.-y
64,271,386
depositary' for the
any:
says;
The
for '1943,. including that of commercial
retailers, and from farm slaughter was in excess
24,000,000.000 pounds, the largest quantity of meat ever produced
The
.,
48,867,576
2250
p.
notice
20-year
May 1,
78,170,000'
Sheep
1,
(Inc.)—Anti-Trust
Suit-LCompany and Imperial Chemical Charged with
1941 "... >i 1940
$3,119178
$2,483,999
537,990
834,812
272,216
646,759
.
income..- ^15,201,473
oper.
Detroit
A
73,660,000
Cattle
■
'
(E. I.)
\
.;■
.
v
ra;lway._-l__
from
rv.
—V. ,158,
2
- 2'2'y.' ■' ■■. 22.
c'Livestock on U. S. A. Farms -/'Xl
"Vy".",.' 2;- 2/
-u>\-'fioiMvo-sq2.Jan. 1( 1941 Jan_ £ 1942 Jan) 1,1943
■
.
518,848
<
•
1942
2,883,657
railway___.
from
■;;
$5,729,687
975,670
,y
opei% income.;
ry.
Net
Meats, ) and
accomplished:
will
RR.—Suit Filed—
$5,620,493
raihvay___.
From January -1—
Gross
amount'-of. livestock on farms
were
1943
'
railway.:
from
■
from
Net
the
and
for .3Q%;i
the
months
almost two
1943
on
_A__
may
or
will
record
Hall, holder of 37 shares of stock in the New York Lackar
Co., on Jan. 11 brought suit in Supreme Court
November—
Gross
representing bonds
provisions of the trust
I.''.'..-'--■>.-
Nov.
on
the Delaware Lackawanna & Western RR. Co. to pay
stock dividends under a 62-year-old lease.
■ v ; > ,
lease the D. L. & W.- agreed to perform all the legal
functions of the N. Y. L. & W. and to countersign all its stock cer¬
export and import trade of the United States in thousands of types
tificates.
According to papers filed by William Harmon Black and
of chemical products, as well as in firearms and sporting ammunition.
Edwin M. Slove, attorneys for the petitioner, 100,000 shares of N. Y,
Walter S. Cafpenter Jr., President of du Pont, issued
L.
& W.
$100 par value stock are
now outstanding on which. 5%
interest has been guaranteed by the D. L. & W.
1
«,
»;
the following statement, Jan. 6:
According to Mr. Hall's papers, the D.' L. & W. agreep to pay. the
■vC-f'The Department of Justice announces''it has begun proceedingsinterest in-lieu of rental for the property,
Mr. Hall /seeks to. have
against the duPont Co. arising out of its relations over the years with
the court compel the D. L. & W. to pay the stock diyic^Uds,; which
Imperial Chemical Industries, Ltd., of England and with other European
were discontinued from 'October, 1941,
and to force
chemical companies. Since no process has yet been served on the du
pay an unpaid tax bill -against the N. Y. L. & W. of $941,,6.59 .ak.m.f
Pont .Co. and since it is not familiar with the specific offenses with
March
15, .1942. '^.yV Ty
''yy.v
which it is charged, any statement at this time as to the legal aspects
The N. Y. hi & W. operates a railroad from Binghamtbn,
,th
of the proceedings would obviously be premature.'
y"2. .-■ •
the International Bridge at the Canadian border, aboOt; 2t4..inires.)-i~
"The action of the Department of Justice again focuses attention
V) 159, p. 108..
■*'
■
on
the existence of so-called
'cartels' involving American companies
and European companies.
The du Pont Co: denies that it is now or
Denver & Rio Grande Wester n RR.—Earnings—
ever has been a party to any cartel arrangement using the term cartel
and;, the .-largest marketings in- history.
Livestock accounted
-of/»thegtotal farm income.
The following tabulation shows
from which these record marketings
prices
The
stock
Under'the
Dairy Products—The U. S. Department of
Agriculture estimates the total cash farm income for 1943 at $30,400,000.000, compared with $16,100,000,000 in 1942, or an increase of 27%.
Cash farm income from the sale of meat animals in 1913 is estimated
at $6,000,000,000, compared with $4,800,000,000 in 1942; or an increase
of 25%.
This totaT cash farm income for 1943 is the greatest farmers
ever., have received;': The
cash farm income from the sale of meat
animals is.also<-an;all-time; record, and reflects both higher livestock
Livestock,
iray
quarterly
Western RR.
&
per
record
Co.—Earnings—
30—
To Redeem 5%
compel
to
•*"77
/■ ■■'
$457,500,
Hunt
cents
of
■
the net income for the-six months ended Nov. 30,
In
report:-
approved
deprecia¬
principal item of- new construction was enlargement of
Diego, Calif., packing plant which was started during 1942
completed
law
2,%
a
Delevvare, Lackawanna & Western
W
made
was
$3,605,634 " $4,677,108
Renegotiation
Henry
wanna
operations for
p.
1824,
share
dividends
were
stock dividend on the common
stock, no par value, payable Jan. 29-to holders of record Jan. 22.
Similar distributions were made-on
June -22 and Oct. 11, last year.
No other dividends were paid in. 1943.-^V. 158, p. 1345.
.'
declared
directors-have
amount
■
f
12 Va
holders
1944.
Included
$20159,
*
,
_
The
charged
The
San
1942.
in
of
to
158,
stock
31,
May
Deerfield Packing; Corp.—2% Stock Distribution—
4-
to expense and the net value of property
retired during- the year $271,319 exceeded the new. construction which
amounted to. $721,044. ■ /•
v'.'V-."7/2/ :■■■■/./>.■:
tion
$22,088j827-in 1943 and t
tAfter U. S. Treasury notes of $7,t000,000.—V,
of
depreciation
for
reserve
like
1
$74,163,986 $72,724,534
108
P
.
I
♦After
dividend
Feb.
10 Nova Scotia collieries produced 3,175,000 tons in
656,000 tons compared with the previous year.
was
at No.
12 colliery In New Waterford,
suspend
Ohip.—V.
Executive
158, p. 2250.
:—
—
Total
10 announced that Hugh M. Fehwick, for¬
Vice-President of Consolidated-Vultee
corporation on Jan.
Assistant
and
.
:
;
surplus
.
,
7.
payable
of
1942
$61,979
$0.09'
y
pleted facilities covered by certificate of necessity.
Federal normal income taxes, surtaxes, and excess profits "taxes in
1943 amounted to $5,948,312 and were computed upon
the basis of
estimated
taxable
income
for
the
company's
fiscal
year
ending
74,893 .: . . 77,007
2,000,000
2,000,000
6,550,500
6,550,500
14,024,670 -14,024,670
2,968,643
2,968,643.
6,796,348
6,387,316
subsidiary company_y_ii_
stock_.'__L__TT_1_lT.-T_i_^yt._'J($30 par)_LT^A-^_TI-i.-_L_;A_
Capital
■
2360.
p.
interest, depreciation, Federal income taxes and excess profits
in 1942 and 1943 after providing for amortization of com¬
♦After
1
stock.
stock
158,
decrease
stated.—V.
common
$74,163,986 $72,724,534
Curtiss-Wright Corp.—New Executive—
This
-
_____
-
preferred
preferred
$2,615,319
1,753,045
$1.38
of
the
♦Net;- profit
Earnings per
$10,335,500 $11,458,500
accrued expenses
5,794,213
4,831,014
288,918
Reserve for Federal income and other taxes__'_
tl,652,973
1,124,384
Employees' pension fund reservey__lA__i,_____
274,829
550,000
Sinking fund payments, current..);_y____w-_J:___.
457,500
350,000
First mortgage stock fund bonds due.Sept.. 1; '55' ) 17,007,500
17,357,500
Conv. sinking fund 4% debs., due Sept. 1, 1950
3,937,500
4,045,000
Reserve
for post-war adjustments
2,000,000
1,000,000
7%
______
1943
$280,968
$0.14
•:
initial
an
stock,
distribution
Dow Chemical
—
Common
-
$4,985,365
1,753,870
$2.73
$3,031,355
1,753,870
\
$1.62
1636.
p.
6 Mos. End. Nov.
478,139
344,522
and expense
to
15,916,605
26,378,933
payable
Accounts payable and
Dividends payable
6%
1,000,000
~:.y
declared
have
decline
a
half
was
359,079
in
1941
$6,267,800
3,652,481
8,897,640
stock.-
B
2—
initial
158,
forced
1942
355,786
23,929,576
...I
Earned
mer
—__
A..
Notes
; '
$5,037,848
413,284
22.584,846
(net)^..
-
1942
1943
6,319,426
A &
of
shares
company's
1943,
tax
Total
;
-
30—
common
An
22.
About
'
1943
_____—_____________—206,821
discount
.
Dominion Coal Co., Ltd.—Output Lower—
467,489
: $3,007,713
15,549,597
31,698,122
u_i
Unamortized
Deferred
31.
-
.
insurance
Prepaid
.■
1,000,000
No.
the
on
The
467,489
,467,489
• :
...
Minority' interest
1943—3 Mos.—1942
$2,975,198 $2,744,321
1943—Month—1942
$1,128,462
____
1
,
Crown Drug Co.—December Sales Up
Period End. Dec. 31—
Sales.
$385,050
and
1943
1..
assets
♦Fixed
Jan.
3,652.317
investments
Other
1943—12 Mos.—1942
contingencies__v__y^_
directors
The
share
'
,
__T
Liabilities-
1,757,800
3,352,282'
,.)■«
.
Inventory
22,500
stock
suiplus
3,431,454
outstanding
Accounts,.and motes receivable
and
cents;
Shoe Stores:
1,165,810
(Consolidated -.Balance,; Sheet, Oct.
.
Assets—i >ti-
60,000
post-war
c
Cash'
75,000
20,000
Capital
Capital
r-V.
77,451
contingencies.,.:
and
war
Earned
•
2.
100,233
purchase
Reserve
25,854
31,882
:
customers___._____
sinking fund debentures____A_-___.
money mortgage__________
10-year. 5%.
4 V2%
192,736
$114,862
expenses_i.__._w
__
containers'with
for
Reserve
$84,693
—_"
Notes
:
1,089,999
xxxx'i"V-"---x-x-v
CA_u.A____A____2_XX--^
Total
~
I 198,253
,
$2,079,310
_____________/____;
charges
■'a'"-
in
120,149
200,019
1,041,846
ilOhC i tr
3,768.171
'
.stock
com.
pari';,..-.^..
(,$3p
419" 382
154,477
:■___
..._r
of
"
!/ '
;
profits tax_
provision
418,511
last.—V.
-T 8,184,354
income
Net
Shares
50,000
307,503
assets:
Deferred.
1942
$204,258
...
Barrels, cases and bottles (net)
♦Fixed
1943
$283,838
___
for
Dividend
a".-
excess
profit)*, taxe?).
indebtedness^.,^.
(net)__
Inventories
Provision' for" income, and
30
_
receivable
notes
Sept.
/;'/>./■:v'!
■.■■
hand
certificates of
Treasury
S,
Accounts
2 /;/2.
a
and on
banks
in
Cash
Sheet,
20
■;
-
... -
profit after all charges and taxes.
per -share
♦On
1,026,699
;V; 322,060
Other-charges
earned
to
Balance
per
$3,221,053 29,375,471 $30,330,445
;;
♦Earnings
6,166,336
1,146.149
.
1,
Nov.
S. Beck Chain of
operating charges__ $10,350,781 $14,883,005
excess
6 Mos. Ended Sept.
Net
1,883,224
1,606,513
income
cents
'■ v.',-
'
;
..
20
Domestic Industries, Inc;—Earnings—
10,817,901
employees' pension fund
to
cents;
15
the A.
1943—Month—1942 -
- y.y.
of
♦Provision, for possible future inventory decline.—V.
20.608,884
10,906,890
1,822,531;
other-than
6,950
and State
22,859,949
10.168,483
__i_.
Aug.. 2,
cents.
Including
Outstanding com. shares (no par)^
Earnings per common shareui.
1941
1,794,454
2,025,603
for-depreciation
during
profit:
Net
26,629,151
Cr3,560
15
dividend
payable Feb. 1 to holders
1943 were as follows: Feb. 1
par
Corp.-Seagrams, Ltd. (& Subs.)-—Earnings-
all
after
♦Inventory
428,847,409 366,935,001 260,704.578
expenses 402,218,288 344,075,052 240,095,694
operating
Mathews,, Vice-
.
operating revenues..
sales
each;
of
Quarters Ended Oct. 3i—v
'-T'-v,
1942
extra
p.,2360.
Income &
•
quarterly
value,
a
no
$2,976,110
158,
Provision
:
stock,
Corporation,
Distillers
-
41%
16%.
>
1943
■
rCr64,167
_
for
Provision- for
y;%;f vTy;T:y
Selling,
advertising,
general
and
administrative expenses _.cA-Af
income„___
Federal
profit
y
Comparative Income, Account, Years Ended Oct. 31
.
105,735
'
.
:•
_
from
for
Provision
7 ,y
3%"Increase
-11^ Decrease,
$116,639
-1
X."
Operating profit
•v
Other
:'•
mutton.-.
and
H,
'
declared
Period End. Dec. 31—
Profit
25%
21%
'
Distributions
cents
10
l,
an
of
—V.
in 1944
;i8% Increase
—
C-_..*__«__■■_ —i
Lamb
10,
have
20.
Sales
by Government
f-.y" :
by ' W.
announcement
an
1824:
common
Jan.
May
Sales
195,144
'l
expenses
Shipping
supplies, 1944,
,17% Increase
I
t__
Veal
$2,368,383
1,791,588
sold (including Fed. revenue tax)
'
Selling
Beef
Pork
sales
of'goods
Cost
$2,563,853
Massachu-
and
discounts
1943
217,459
22^A
Sales '.
X
$2,934,654
;■
"
and
Estimated purchases
Estimated change
'
'..y
the
on
record
Dec.
changes
in
,
share
of
more
compared with 1943
"
to
p.
Shoe Corp.—Quarterly Payment of 20 Cents
directors
The
bf "26,200,000,000 pounds of meat, or 9% more than 1943,
than the average of the five-year period 1936-1940.
from 1943 and estimated Government purchases
1944 are shown in the table:
■ .yy-
52%
Estimated
158)
Diamond
.
.
production
-and
according
President.—V.
is
place greater emphasis than usual upon prospective food requirements.
The goal of the Department of Agriculture for 1944 calls for a total
;•
1942
companies,
program
10,000,000,000 pounds. two years ago.
and
1942,
Croft Brewing Co.—-Annual ReportYears Ended Sept, 30—
production
any
adequately fed in 3944.
However, our own tremendous de*
together with the growing lend-lease and foreign relief needs,
will* be
mands,
fund
sinking
under
Looking Fbrward—Once again war conditions dominate the agricul¬
tural outlook."
Americans in the armed forces and. in civilian life
other" accrued liabilities,
10-year 4Vs7t' convertible
$1(1)0,000;
years,
$425,301;" sundry accounts payable, $200,387;
pounds, in
000,000
total, $11,909,142.
Liabilities—Accounts payable (trade), $475,968; Federal income and
excess profits, taxes for the year ended Sept. 30, 1943 (estimated);
$5,000,000; adidtiongl reserve for Federal income and excess profits
"
total
213
.^stipiated..,fqr .1943. at ,11,300,000,000 pounds; compared with . 11,000,-
trade-marks,
Improvements,
supplies, $80,542; sundry prepaid expenses, $147,032;
,
feed
enough
be
will
adopted to, maintain the present -livestock' population.
production of fats and oils from domestic materials
be
may
The
licenses and goodwill, $194,181} unamortized leasehold
moving and alteration expenses, $36,067; inventories of
patent
patents,
that
$2,140,280;
(less reserves
cash discounts of $84,364),
$4,092,637;' 'property;-" plant arid equipment
depreciation of $778/473), $761,862;
trade names,
inventories,
there
whether
receivable (less re-
(trade), and/sundry, accounts
receivable
for doubtful accounts/and
serves
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4247
159
v-ir
■')
Z'YJM n
vs,'
-*fi<
■>:
i
••/•■lief
*{■ •.'
tfj.:
r,a
.
^wv. a
J ■ a'.h.jc'
,
,v
'in
>
-
that
& FINANCIAL
THE COMMERCIAL
214
it
its previous course of
will defend
believing such action
of national defense.
of
existence
"The
agreements
the
welfare and in the
which
are
Jan.
date,
rate
interest
1,
.that
regard, firmly
action in this
to be in the public
will
and to all -increases in existing policy /loans made
policy loans outstanding on Dec. 31, 1943, the
1944,
For
become
due. dates.—V.
the subject of the
been in the
present attack has never been concealed.
Copies have
possession of Government agencies for approximately 10 years.
have been before several investigatory committees of Congress,
They
have been the subject of comment in company statements.
With the
Government having had full possession of these agreements over a
considerable period of time, the action of the Department of
at this particular time in our war effort is difficult to
—V. 158, p. 2578.
A;> ..,,■ ,;>'A ■■■■:■■ . »V ■,>>; ;;>>> '>A'>A>.' vA
effective
157,
1843.
p.
immediately following the
A,
" >;■; AA"
6% cents per
Trustees
Street Ry.„ Co.
• V
;A,:;> 1
—.
Two New
Stock—'
■■
to servfe for a
is Edward M. Hamlin who,
reelected a trustee to serve
for five years.
Mr. Hamlin is also a director of the company, it being
necessary to be a director in order to be eligible to serve as trustee
representing the Stockholders.-yV, 159, p. 6.
appointed these two trustees
has
Governor
the
Act
become
.
,
recent
a
a
NO. of Shs,
-
(Inc.)
Otis & Co.
>; ■ >>:
■
several
No. of Shs.
Starkweather & Co.2,000
30,000
30,000
Harriman Ripley & Co., Inc.
Stein Bros &
Boyce„_2,000
Ball, Coons & Co._^—1,500
Biddle, Whelen, & Co
1,500
Butcher & Sherrerd
1,500
E. W. Clark & Co.1,500
Glore, Forgan & Co...—>. 10,500
Courts & Co
3,,500 "
Smith, Barney & Co—10,000 > r. S. Dickspn & Co., Inc.—
1,300
Goldman, Sachs & Co
8,000
The Dominion Secur. Corp,
3,500
Merrill Lynch, Pierce, FenFerris & Hardgrove
1,500 .
Blyth & Co., Inc.— 18,000
Lazard Freres & Co
18.00Q
Lehman Brothers~___„— 18,000
The First Boston Corp.-.— 12,000
Electric
permitting to
2,500 shares
7 issued its findings and opinion^;
declaration regarding the' sale of
■>.,
underwritten by
>:
>
&
her
Union
.
8,000 > Hill & Co
———
8,000 >•' Johnson,.; Lane, Space &
6,000
Co., Inc. ——————
Beane
Securities Corp,—.
1,500
1,500
Kidder, Peabody & Co,-—6,000
Edward D. Jones & Co;_->_ 1,500
Lee Higginson Corp.—_v 6,000
Laird, Bissell &i Meeds
1,500
Federated Department .Stores, Inc.—37y2^Cent Div.—
Stone & Webster an<3>j.4,s7'-r.';.j
W..-H.:Newbold'S'Son & Co. 1,500
The directors have declared a dividend of 37V2 cents per' share on
Blodget, Inc.
6,000:. O'Melveny-Wagenspller $5-.■■•'■> . '•>'''•■■;■
the common stock, no par value, payable Jan.f29 .to holders of record > Hayden, Miller & Co.-—' 6,000 r
Durst V-A—1,500
Jan. 19.
Payments during 1943 were as follbws:>Jan:: ,29,' 45 cents;
■ Drexel & Co..'
25,000
Pacific Co. of California— 3,500
April 30 and July 31, 35 cents each; and Oct. 30, 37V2 cents.—V. 158,
: Hornblower & Weeks—.1- 5,000
Reinholdt & Gardner—£ 1,500
Hayden, Stone & Co.
.
.
2045.
p.
Inc.—Weekly Input—
1944, the system Inputs of client oper¬
ating companies of Ebasco Services, Inc., which are subsidiaries of
American Power & Light Co., Electric Power & Light Corp. and National
Power & Light Co., as compared with the corresponding week during
-1943 were as follows:
;
■>1A:>
-•
'y"
A" >,%>
Thousands of Kilowatt-Hours
-
-
'
,
r
Moseley & Co
F» S
Paine,
Pomeroy, Inc.-—1—1,500
5,000 > Wceden & Co.," Inc.—— 1,500
Jackson &
Webber,
Schoellkopf; Hutton &
5,000
——
Curtis
—IOffered
Spencer Trask & Co.i'-->>-:
—A new issue of 45Q,000 shares of 4 V2 % series, cumula¬
Tucker, Anthony & Co.——
tive preferred" stock
(par $100) was' offered at par
Hawiey, Shepard & Co.--—
Jan. 11 by a nation-wide group of 141 investment firms >; McDonald-Coolidge & Co.headed by Harriman Ripley & Co., Inc., and Otis & Co.,
• Hemphill, Noyes & Co.—
W. C. Langley & Co.„—
Inc,
The issue has been oversubscribed.
>;•' '
E; H. Rollins & Sons, Inc.-
Co.—Preferred Stock
Firestone Tire & Rubber
ended Jan. 6,
week
the
Jan.
of
names
.-
Services,
Ebasco
For
on
effective
The
.,
amounts
,
($100 par) capital stock '(100%) of Rawlins Electric Cb-V" an' electric
utility subsidiary operating in Rawlins, Wyo., to one'Edmund Steinauer
of Lincoln, Neb., for a basic cash consideration of $350,000 pursuant
to an agreement dated Nov. 19, 1943.—V> 158," p. 2579.
-
of five years.
The other trustee
meeting of the directors, was
period
at
SEC
The
of Massachusetts on Jan. 12 sent to his
Council the nomination of Arthur G, Wadleigh of Nahant, Mass.,, to
succeed himself as trustee of the above
company, and William G.
Crowther, lawyer, of Fall River, Mass.; to be a trustee succeeding,
Edmond P. Talbot,. whose term has expired.
Under the Public Control
Saltonstall
Governor
-
i;"
Underwriters
. .'>■•"■•
the several principal underwriters and the
them respectively, are as follows:
>'>>>■".
Aa-a
,A AAA'':"A'>
Co.—Sale of Rawlins
Federal Light & Traction
Massachusetts
Nominated—
gencies.
have
share on July 31, 1933.—V. 158, p. 2467.
earnings
discount
debt
new
declared a dividend of 15 cents per share on
the common stock, no par value; payable Jan. 31 to holders of record
Jan. 15,
This compares with 10 cents per share paid on Oct. 30. last,
and 15 cents per share on July 31, 1943.
The previous payment was
directors
The
Justice
understand.
Eastern
before depreciation and amortization, interest and
and expense, income taxes, and provision for contin¬
tNet income after depreciation and amortization, interest and
taxes, but before provision fpr contingencies. ;;
,
; ,
> >
■^Net
after A
1944 interest A.
:A>..A
r A/
Corp.—15-Cent Distribution—
Exchange Buffet
They
Monday, January 17, 1944,
CHRONICLE
Woodard-Elwood &: Cp;-->_
5,000
1,500-t
5,000 V Wurts, Dulles & Co.
: 1,500
4.750
Bankamerica Co
1,000
4,750
The Bankers Bond Co., Inp, 1,000
4,000
Bioren & Co._—
1,000
-Increase
4,000
Boettcher & Co._.
1,000
Pet.
1943
Amount
,
4,000
George D. B. Bonbright &
- V;
Operating Subsidiaries of—
.'VA» 1944
15.0
167,326
.25,185
—
3,500 9
Co.
1,000
The 4Va% series preferred stock (cumulative) is-subject; to redemp- >■ Merrill, Turben & Co
American Power & Light Co.—
192,511
19.0
81,040
; 15,362
A. C. Allyn & Co., Inc.—3,000 ;
Bbsworth; Chanute, Lough- ta\
tion at the opinion of the company.as a whole., or in. part by lot at
Electric Power Ss Light Corp.
;
96,402
7.2
91,593
6,598
A. G. Becker & Co., Inc—
3,000
ridge & Co.
> 1,000
National Power & Light Co.—
98,191
any time upon not less than 30 day's published notice at $105 a Share,
comBlair & Co.,':Tnc.wA;4'>^:> 3,000
Campbell, McCarty & Co.,
:i.
system inputs of any
payable with' accrued and unpaid - dividends to. the, date of'redemptioif.,
The above figures do not include the
Alex. Brown & Sons
—
3,000
inc.
1,000 '
The stock is also subject to redemption through operation of the an159, p. 108.
VA%;4A>
panies not appearing in both periods.—V.
nual retirement fund at any time upon not. less than 30 days published >■ Central Republic Co., Inc.- - 3,000
Cohu &i Torrey
1,000
3,000
Gray, McFawn & Co.—11,000 •'
notice at $102 a share, payable,with accrued and unpaid dividends' to h> Coffin & Burr, Inc.—J—_
Edison Bros. Stores, Inc.—December Sales Off 21.4%—
Dominick & Domlnick——
3,000
J. M. Dain & Co
1,000 .
the date of redemption.
Provision is made for a cumulative annual
3,000 ; Doolittle, Schoellkopf & Co. 1,000
Period End. Dec. 31—
1943—Month—1942 . > 1943—-12 Mos.—1942
retirement fund,' based on consolidated net income, for, the' retiremeiit > Eastman, Dillon & Co——
Field; Richards & Co,
—
3,000 • Emanuel & Co—
1,000 Sales
$3,939,200 $5,016,412 $39,779,155 $45,952,207
through purchase or redemption, of 12,000 shares of 4.ViVa ,'series preferred stock (cumulative) for each year- commencing 1944.
Dividends
—V. 159, p. 108.
Harris, Hall-& Co., Inc.— 3,000
H. L. Emerson & Co.—— 1,000
Laurence M. Marks & Co.3,000 - Farwell, Chapman & Co.— -1,000
are cumulative from Jan. 17, 1944, and are payable quarterly March 1,
The Ohio Co.—
' 3,000
Folger, Nolan & Co., Inc.— .1,000
>> etc. : The initial; dividend, payable March H, 4944,; will .amount to, $0.55
El Paso Electric Co, (Del.)—Earnings—
Putnam &
Co.—
3,000
Glover & MacGregor, Inc.1,000 "
per share.'• Transfer. agents are City Bank Farmers Trust Co., New
v1942
12 Mos. Ended Nc v. 30—
1943 > $329,229
Riter &
3,000
Granbely, Marache & Lord
1,000
York City, and Cleveland.Trust Co.; Cleveland.''Registrars-are National
':
Revenue from subsidiary companies
$543,532
Dean Witter & Co
3,000
Grubbs, Scott & Co.-1,000 .
16,974
City Bank, New York, and National City Bank, Cleveland.
Expenses'
AA.-A.,-——A,»A-,^A—"--**4A<;.'>'A 16,860
Baker, Weeks & Harden-2,500 " Hirsch, Lilienthal & Co.— 1,000
17,475
■ j.History
and Business
1 " v
' H. M. Byllesby & Co., Inc.- 2,500
Federal income ,■taxes——
,—29,891 A AA; 969,
Janney & Co
1,000
Other taxes
—,—A-—
>
824
tThe business was founded by Harvey S. Firestone at Akron,-Ohio,
Clark, Dodge & Co.——_
2,500
Johnston. Lemon & Co.—
1,000 »
12
in 1900 with the formation of Firestone Tire & Rubber Co. (W. Va.)
Curtiss, House & Co—2,500
Kalman & Co., Inc.——1,000
1—2,500
Kay, Richards «fe Co.->-J— 1,000 *
All of the property of this corporation has since been acquired by . Estabrook" & Co
$293,796
$495,955
i
Balance —AA-AAAAA*--4:>^AA4
Firestone Tire
& Rubber
Co., which was incorporated, in-Ohio on
Fahey, Clark & Co...—__
2,500 v Kirchofer & Arnold, Inc.— 1,000 •
>111,425
111,425
Preferred dividend requirements
.
The First Cleveland Corp.2,500
Kirkpatrick-Pettis Co.1,000'
March 4, 1910.
Company conducts its business directly and .through
First of Michigan Corp.„__
2,500
Loewi &
L000.>
domestic and foreign subsidiaries all of which are wholly owned except
$384,530
$182,371
Balance ..for. common——A-—.-aA-U-Graham, Parsons & Co._«2,500
JL E. Masten & Co
1,000
certain subsidiaries which, operate stores and except two other sub¬
—V. 158, P.. 2579. • y.vtr;Carl M, Loeb, Rhoades & Co.
sidiaries of minor importance.
2,500
Metropolitan St. Louis Co— 1,000
2,500
Minsch, Monell & Co.;.-—> 1,000
Excepting the manufacture and sale of war 'materials; the company . Maynard H. Murch & Co—
L. F. Rothschild & Co.—„
2,500 v Berwyn T. Moore & Co., Inc.
1,000
t El
Paso Electric Co. (Texas)—Earnings—
*
and its subsidiaries are (principally engaged in the manufacture and .
Schwabacher & Co.--—2,500
Moore, Leonard & Lynch..1,000
sale of rubber tires and tubes for automobiles, trucks,) trailers, buses,
Period Ended Nov. 30—
1943—Month—1942 A 1943—12 Mos.—1942
Nashville Securities Co.— 1,000
tractors, farm implements, airplanes and>industrial equipment.
Sales ; Chas. W. Scranton & Co.4 2,500
Operating revenues——
$452,214 ■>*; $410,822 $5,260,305 . $4,454,038
of tires and tubes, including sales in foreign couhtries,' have: ranged
: Stifel, Nicolaus & Co., Inc. 2,500
Newhard, Cook & Co
1,000
Operation —'
164,942
149,167
1,913,729
1,664,300
Stroud & Co., Inc
2,500
Peters; Writer & Christen-; .
* n
Maintenance
•
34,511
24,085
353,885
265,829 .between approximately 68% and 70% of consolidated net sales during
G. H. Walker & Co..
2,500
sen, Inc. —
—
1,000 the five pre-war fiscal years, 1937 through" 1941.; The dollar volume
Depreciation
36,619
36,573
439,357
437,569 of such sales for each of the fiscal years ended Oct. 31, 1942, and
Wertheim & Co
l_ -2,500 • Piper, Jaffray
Hopwoodl, 1,000 .
Federal income taxes
103,955
90,752
1,227,399
841,183
Oct. 31, 1943, was substantially greater than the" annual average of ,
Whiting, Weeks & Stubbs,
t
Rauscher, Pierce & Co.—w 1,000
other taxes
—A A V- 35,663 ,
35,279
,
440,775
426,554
Inc,
/ 2,500 ^ Richards & Blum, Ino
1,0(30
the five pre-war fiscal years 1937 through 1941.' The principal civilian ■'
$818,600
$885,158
The Wisconsin Co
2,500
Sidlo Simons Roberts &,Co; ' 1,000
$74,963 •
$76,522
»tire brands of the company are; "Firestone Imperial," "Firestone
Net oper. revenues
12,321
928
2,17.1
DeLuxe Champion," "Firestone Super Champion,". "Firestone^ Ground :> Bacon, Whipple & Co
2,000
I. M. Simon & Co.-———- 1,000 ;
f; 41,801
Other income—net loss
Dick &. Merle-Smith--—--. 2,000
.Smith, ,Moor<? & Co.——- . 1,000 ;
Grip," ."Firestone High Speed" and "Firestone Standard." War require$776,798
$872,837,
ments.-have changed the- design and specifications: of certainof the
$72,792
Equitable Securities Corp.2,000 . Btix & Co.._l—.—' 1,000^
$75,594
Balance
AAAAA. ■
263,969
260,523
2,000
Swiss American Corp.—J— ; 1,000
2.1,877
21,686
tires and tubes manufactured by the company and its subsidiaries. n
£ J. J. B. Billiard & Son
Interest & amortization
:■*
The Illinois Co. of Chicago
2,000 > Watkins & Fordon, Inc——1,000
> Company and its subsidiaries also produce and sell a wide variety
,
of.other rubber goods, latex products and plastic products,- including
Kebbon, McCormick & Co.-; 2,000
Watling, Lerchen & Co
1,000
-Balance AAAAA'AA' AA $53,907
$50,914 A' $612,313 - $512,829
Mackubin, Legg & Co.—
2,000
J. G. White & Co., Inc.-— 1,000
Preferred dividend requirements——
_•
67.501
67,501 V such articles as molded goods, hose, rubber covered rolls; friction tape,
tubing, rubber cement, engine mountings,- vibration dampeners," rUbberReynolds & Co
-2,000 ■ Wyeth & Co
—
1,000
to-metal parts, battery boxes, battery separators; and', parts and foamed
Singer, Deane & Scribner2,000
, f
;
'>
$544,812
$445,327
Bal. applic. to El Paso Elec. Co. (Del.)
—V 159, p. 109.
latex cushion material.
i >.
...
*v»
-V. 158, p. 2579.
Company and its subsidiaries manufacture aiid ; seir a'variety of
steel products, including. rims for many types; of vehicles, stampings,
(M. II.) Fishman Co., Inc.—December Sales—
, E!
Paso Natural Gas Co. (Del.) (& Subs.)-—Earnings—
spark plugs, motor rings and bands and airplane wheels. ,
"
■Period End. Dec. 3}— *
1943—Month—1942
1943—12 Mos—1942
1943—Month—1942
1943—12 Mos.—1942
Period End. Nov. 30— ; y
In addition to its regular line of products the company and its >
Sales
$1,102,113
$1,048,310 $6,774,072 $6,199,535
$728,401
$715,468
$7,776,278
$8,046,932
Operating, revenues / A>
subsidiaries are manufacturing a substantial number of , war products .
—V, 158, p. 2361.
A
A 184,501
2,151,504
2,117.178
^ ,
for the Government, its agencies and its contractors;)'including' anti¬
Operation '.-AAvAAAi A" 179,409
'
26,725
17,307
296,698
242,774
Ma intenance
A>A-%
aircraft gun mount and carriages, wings for cargo )aifplanes, gliders,'
100,965
'
93,125
1,155,520
1,120,301
> Florida Power & Light Co—Securities Offered—An
Depreciatlon 4—A-Agun
turrets, tank tracks and bogie rollers, rubber naif-tracks for
A;:
145.559
146.960
1,703.648
1,827.789
vehicles, barrage balloons, bullet sealing fuel tanks for. airplanes - and
underwriting group headed by The First Boston Corp.
1,380 .:
7,430
32,230
109,104
mechanized
equipment, special combat tires and tubes, ..gas. masks,'. >
Explor. & devei. costs— y '
on Jan. 12: offered $45,000,000 first mortgage bonds, 3M»% t
steel oxygen cylinders, rain coats, rubber pontqohs.and boats, ^seadrome .
$2,629,783
$266,142
$2,436,676
$274,360
Balance 4AiA4—4
series, due 1974, and $10,000,000 4V8% sinking fund de¬
lighting buoys, metallic clips for machine guris. 'life vests and belts
232
11,355
56,128 A >13,878
Other income A<--c~-Aand plastic liners for army helmets.
Sales by the company and sub¬
bentures, due 1979.
The bonds, offered at 105.50 and in¬
sidiaries of
war
products other than tires >and ■' tubes amounted to
terest and. the debentures at 100.462 and interest, have
$274,592
$277,498
$2,492,805
$2,643,662
Gross isconte —1
approximately 24% of consolidated net sales fon. the- fiscal year ended <
31,085
41,024 A; 406,052
- 528,523
Total income
deducts,,
been oversubscribed.'
Oct. 31, 1942, and approximately 43%
of consolidated net sales for
the fiscal year ended Oct. 31, 1943.
A.substantial pprtion of sales of ;
The bankets were awarded the Issues Jan. 10, the bonds on a bid of
$243,507
$236,473
$2,086,752
$2,115,139
y * Net' income 1
wai" products is made under contracts which may be
terminated even
104.019 as '3%s,
a net interest cost to the issuer of , 3.2882%.
The 8,631
■; 8,631
> 103,579 >:!. 103,579
Pfd. stk. div. requirs...
though
the company and subsidiaries are not in default of per- ; bid for the debentures, as 4'aS, was 99.022, a net interest cost basis*
formance. ! In
general the contracts provide for 1 ceft'ain; reimburse¬
of 4.17846'%.
■lU-'
$234,875
$227,842
$1,983,173
$2,011,560
Balance
surplus
ments and compensation to the company in case of termination.. ; ' .
•
Halsey,
Stuart & Co., Inc., and associates bid
105.539;:for the ",
—V. 158, p. 2467..
The company, operates on a fee basis for an agency>of the Govern: bonds as 3%s and 101.039 for the debentures as 4'As. ■
•
meht several synthetic rubber plants which are located'..inAkron;'
-The bonds ere dated Jan. 1; 1944, and are due Jan. 1, 1974.
Interest .
< Elastic Stop Nut Corp. of America—Files Amendment > Ohio, Lake Charles, La., and Port- Neches,- Texas. The company also,
payable July 1 and Jan. 1 in New York City at the principal office of
manufactures some synthetic rubber at a plant owned by it in. Akron,'
Bankers Trust Co.; trustee.
The annual sinking fund, commencing '
to Registration Statement—
■v Ohio.'. ••'■■>. ■>•>;: >»:
in 1954, is designed to retire 20%
of the initial issue of $45,000,000*
Two
subsidiaries respectively operate for, the Government,, a bomb
-The corporation has filed an amendment to its registration statement
principal amount by maturity. >> ;,;■ >
.■>:';> ■■"-;■
';
;
: .>i V '•
with the "SEC in which it gives the interest rate on its proposed issue
loading plant located in Nebraska and an ordnance depot located in >
General Redemption Prices of Bonds—Bonds will be redeeniable at
of $3,500,000 15-year sinking fund debentures at 5%.
Richmond; Ky,
.
- ,
\
'
,
,
t . the option of the company in whole or in part, at any time on at n
The debentures
are due on Jan. 15, 1959, and have stock purchase warrants annexed.
Funded Debt and CapitalizaUon Outstanding '
least 30 days' notice at the following redemption prices (expressed in
.
.
,
-
11953— 962—
—
••
,
—
,
,
.
—
.
■
"
.
•
.
,
,
—
,
-
——
•
.
,
v
'
.
..
.
—
•
,
•
;
:
,
—
,
.
„
—
.
,
'
'
—
,
v
price to the1 public is given at 100, plus accrued interest
from
Jan.
15,
1944, to date of delivery.
Underwriting discounts or
commissions are 4%., making net price to the company 96, or a total
The offering
of
$3,360,000.
■;
Underwriters
mann
&. Co.,
are
H.
$825,000
Byllesby & Co., Inc., and Ladenburg, Thai-
each;
Eastman,
Dillon
&
Co.,
-
$450,000;
A.
Cruttenden
Co.,
&
Co.,
Bankamerica
$100,000.—V.
158,
.
C.
First Trust Co. pf Lincoln, Neb., $250,000;
$200,000; Mackubin, Legg & Co., Wyeth & Co
each, and Victor, Common. Ds?nn & Co
p. 2579.
'
:
Allyn & Co., Inc., $400,000;
Spears,
production.
range
up
to
•:'
-
$46,000,000
.> ---454,129
series (authorized 450,000; shs.)"
stock (par $10)____l-_-_--_-
4.Va%
'
'!>■:> ■>>; Oct. 31. '1943
-"i':
Adjusted
>>>>>'".>
■;
shs.;->
i' IvA
'
$46,000,000 " > to
President,
production—V.
158, p.
1530,
i 4
«i»
/\<4
'■'
>1,945,896 fehs.*> 1,945,896" shs.'
tAuthorized 3,500,000' shares, •
nyl
nw
redemption:
' *
1
>;,■>,,>:■;»>"
—^
price .
109 -■■%■;
'
If red.
Gen. red,
.
1944——
:
.
'
,
1945
1961—
■
■>
■■
.■
>
■
—-
'
-.
■
Gen. red.
'>■>',
1959-——:-—
% 1960
——
<-
with* ■accrued >"" .
interest
1
Z 1
r
during
calendar years
:>■;'
—.
—
—
price
104%%
104 Va %.'
103% %
>„
103 %
1963—,103%%
1964————————
102%%..
1965—:-::,.::— 102 % %
1966—102 V4 %
1967
■' 1017/a % •'
1968—a::—-4':>101%%'■
1969-—^——: 101%%
—
J The incentive plan was set up after the Navy requested a "substan¬
in
'
calendar years
■'
The bonus to be paid to all workers except executives will
10# of present wages.
*>:■..>:
increase"
r,
the date fixed for
If red. during
,
tial
/-l
principal amount), together
of the
percentages
-
+
•
108%%..
> > 1946—
108 Vz %
/
'"Authorized 600,000 shares.
> 1947—108 Va %;
On Dec. 15, 1943, the par value of common, stock.was increased from >
1948
r——
'107%%
$10 per share to $25 per share,
By this change, the par value oL.the
%]: 1949—■■ ■ 107.V2'%.'
.common stock of $19,458,960 was increased to $48,647,400,, an; increase...
1950—v 107 %%'
of $29,188,440, of which $1,688,440 is. charged against capital surplus
106%%
V 1951
of the company (amounting as of Oct. 31,-1943,- to;.$2,769,270.),>and
i:
106%%
1952--—4-A—
$27,500,000 is charged against earned surplus of the company (amount-,,-;' •
106 V4%
ing as of Oct. 31, 1943, to $51,431,169). The .consolidated, surplus; of,-;
106
%
1954$67,721,120, as shown on the consolidated balance sheet of the com¬
105%%:
1955——
pany and its subsidiaries as of Oct. 31,1943, is thus reduced, to $38,105%%
.■'1956 A: A—: A A532,680.
"■■->;> .■ ' >,■'•>
.-v-':-"?■
105
.%
1957:--.——■—:Application of Proceeds ■>.
'
104%%
$150,000
states that a special pay incentive plan is
bemg prepared to spur employees to break their 1943 production
records.
The company
aims at a 15'-;
increase in 1944 submarine
Y.
'>>''!)?",
tCommon
.
Electric Boat Co.—Has Incentive Pay Plan—
L.
!'>
>
2Q-year 3# debent. (due May 1> 1961)
6% cumul. pfd. stock series A (par $l00)
': :*Preferred • stock (cum. par; $100)
■•>-
> v'/yy,v:!:;-"vv:/->.y,^.v:
M.
■>:"■
AA >
.
> 1958
——4-—
,,"■ 1970—>—101
,
%
100%%
1972—A—;' 100%% 1973—4^—100 %
v 1971—
■;..."■
'/
proceeds (estimated at $43,516,375 "after deduction of ex->
Special Redemption Prices of Bonds—Bonds will; be redeemable upon
together with additional funds of the . company, • are to be
Elgin, Joliet & Eastern Ry.—Bonds Called—
like notice with cash deposited with the corporate trustee for the re¬
applied to the redemption »pf the 454,129 shares of the company's 6% '
called for redemption as of March l, 1944, a total
> cumulative
preferred stock, series A, presently outstanding, . at $105 , . placement fund or the current sinking fund requirement or with such
of $77,000 of first mortgage 3>4%
bonds, series A, due 1970, at 106
per share and accrued dividends.
The aggregate amount , required to > proceeds of the release of property as must be applied to retire, bonds
at the following special redemption prices (expressed in percentages of
be paid upon such redemption is $48,364,738. .
.
.
;
af tv. office 0U, J. P.
lTS of Tof moneys in & sinking fund. Payment will be made
the
at the
the principal amount), together with accrued interest to the date fixed
Morgan
Co.; Inc., sinking fund agent, 23 Wall
On Jan. 29, 1944, the company will call fpr redemption,on .March 1,
,
Street, New York City.—V. 159, p. 6.
for redemption: •
A
■■
,
1944, all of its then outstanding shares of such cumulative preferred
Special
" If red. during
.
Special
stpek at, the price of $105 a share plus $1.50 a share in lieu of the
If red. during
red. price
calendar years
red. price
Equitable Life Assurance Society of the United States £ current quarterly dividend..
> ' ■. ":"£';
>: calendar years. '
105%%
1951
A—— 104%%
1944—
Results of Operations, Years Ended Oct. 31
—Reduces Interest to 5% on Policy Loans—
105%%
1952——-104%%
1945
Net Sales
^Net Earns.
tNe^Jnc.- Contingencies Balance
105%%
1953————_ -104%%
1946----—:
n^'Thrt f
iSrr1v?dllCin^ ilS i,nterest rate on policy loans carrying a
1943
$545,389,601 $69,733,204
$18,183,382
$3,000,000 . $15,183,382 "
105 Vz % *
1954—:
"
104 % %
1947A—:——
i;.riat® ,t0 rate • was in effect in policies issued by the
s? Thomas I. Parkinson, President, announced on
7
The 6%
1942—_
352,693,500
46,954,133
16,981,129 .. . ;4,500,000
12,481,1-29 '
Equitable prior
:
105%%
1955—A
„
104»>%
1948-——-:
to Jan. 1, 1939, when the New York Insurance Law was amended to
1941
268,091,826
43,335,288
17,912,427
6,650,000
11,262,427
105%%
•
" 1956
—A
—
104 *4%
1349———
1940—_
187,209,292
23,390,102
10,152,608
> 1,500,000 ' ^8,652,608
provide a 5% rate for loans in policies issued after that date.
105
%' '
1957—
——
—
104 %
■1S50—s——
1939.—„
The new rate will apply to all new policy loans made on or after
160,119,022
19,557,494
8,372,046
1,650,000
6,722,046
The
net
penses),
,
"
.
——.
—■
Jan?
'
.
■
"
.
Volume 159
THE COMMERCIAL
Number'4247
.,
'
If red. during'
;
.calendar
'
■
years'
red/during
If
["Special
-v,
•
income note, due Nov. 30, 1940 (past due);
6%
Special
red. price
;
•/
calendar years
'/ red. price
'
& FINANCIAL CHRONICLE
$600^000 (1,000 shares)
stock, no par value.
common
1966
i
1959
1961
103% %;
"
—Z.—
1962
1965..-
)
/ZZ^-\ 102% %
102%%:
„
the
'
•*<•',.
•
reflect
To
transactions
transactions,!' 'the
'
'
'
•
*'.
,
,
indicated
above
,'
•
'
•
"other
under
100%%:
1972—/'--i/l/fc/—100% % ;
1973——
100
%.
>and
•
•
1
second
Palatka,
tribution.
customers,
1.2%
industrial
from
..
butane
where
is
and
purchased
mixed
for
dis¬
./',.
,
Consumers'Water
Co.,
the company's sole subsidiary, distributes
water to approximately 3,800 customers in Cqral Gables.
The water is
purchased by the City of Coral Gables from the City of Miami and
delivered
to Consumers
Water Co. for distribution.
Company sells
preferred stock and the segregate stated
10,000 shares of $6 preferred stock of the company listed
and will increase the com¬
the
at
except
•
capital
company
20,000 shares-of
value of
——
commercial
front
.customers, and 2/10 of 1% from Government and municipal customers.
Ail gas sold by the company is manufactured in the company's
plants,
►'.
•
will transfer "to its capital surplus $21,287,700,
which is the principal amount of the 6%
gold debenture
-bonds, the liquidating value of the 13,477 shares of $7 preferred stock
—
'/■
■
r
.
1971-.——v-———
102%%
•
•V: zi964_zzz—
•
;i
,
1863—Z.A.-
.
'
101%%
;
101%%
1969-1-/—-'—--/u,' 101 %.% '
1970
101%%
1968
•
ZiiZiZU" 103%
'
103
%
—
Entries
Book
19671/-—-.'——i'-
103%%
I960
•
.
102%%
,
32.1%
-customers,
•
'
1058
215
wholesale
at
water
"the
to
of
towns
Madison
Monticello.
and
Com¬
,,above to be transferred to it by American;
pany intends to dispose of its subsidiary.
Negotiations in this con¬
debentures are dated Jan, 1, 1944;, and are
pany's investment in subsidiaries and: its capital surplus by $882,075,
nection are* now under way.
■
:
'
'•/;':'
is payable July 1 and Jan. 1 in N. ;Y. ,■ City
•/which- (according to information furnished to the company by Amer¬
://. The. company owns 27 ice manufacturing plants, 28 -of. which .are
at" principal office ol' Central /Hanover Bank & Trust Co., trustee.
ican); represents American's cost of the > notes and loan, namely
leased to a non-affiliated company, and one is inactive.
■
•Company will agree (a) to reimburse debenture holders for any Penn$701,000, and an/ allocation of American's cost of the common stock,
Underwriters—The names of the several underwriters of the securi¬
'sylvania personal property taxes;not exceeding four mills per dollar
namely; $181,075; of Utilities: Land Co. listed above.
//,/'%///'//''' ties and the respective amounts underwritten are listed below;:
of the assessed value of debentures
(not exceeding the prin. amount
■;//' Additional capital surplus in the amount of $6,438,405 required to
Name—
'///".//:-v/:•/%• '//•.:'/: %
/ Bonds
Debentures
thereof) and (b) to reimburse debenture holders for any Massachusetts/
provide for the adjustments proposed by the company will be created
"The First Boston Corp.
$2,094,000
$455,000
income, corporation of excise taxes not exceeding 6% of the interest
by the reduction of the stated value of the common stock and the
on the debentures..
The sinking fund is estimated to retire the entire
Smith, Barney & Co, :/7./.^///_«;//„;_/.
2,094,000
455,000
entry will be recorded as of Jan. 1, 1944.
'///';;
Blylh & Co., Inc.
2,094,000
455,000
principal amount by maturity.
'
/■ ,v-y
American's Cost of Securities arid Loan '
General Redemption
/Harriman- Ripley/&-Co.;.-Inc.2,094,000
455,000
Prices of Debentures—Debentures will be re¬
Lazard Freres & Co.
;
deemable at the option of the company in whole or in part at .any
2,094,000
455,000
The company is informed by American that:'
"/-/"/•'
Kidder,; Feabcdy & Co.
2,094,000
455,000
time, on at least 30 days' notice at the following redemption prices
The
entire issue of $22,000,000'of outstanding 6%
gold debenture
Mellon Securities Corp.
:
2,094,000
455,000
/(expressed in percentages" of the principal amount), together, with
bonds, series A, due Dec. 31, 1951, of the company were acquired at a
.Stone & Webster and Blodget, Inc.
2,094,000
455,000
accrued interest to ithe drite fixed for, i'eaemptionV ' '
cost of $22,000,000 by ► American in return
for the cancellation of a
.Union Securities Corp,
2,094,000
455,000
like principal amount of-loans receivable representing advances to the
Gen. red.
If red. during •<
'
•
> If red. during />%/
Gen. red.
Glore, Forgan & Co.
1,403,000
310,000
•company during the period April 7, 1926, to Dec. 31, 1926.
price'
•:
/calendar years z■:/"■:
;>*%■. .price //-/■; calendar years - •
; •
W. C. Langley & Co. u//
1,403,000
310,000
The 13,477. shares of $7 preferred stock of the company were pur¬
1962_—
Z—: 102%%'
: •
105
1944:.,:.—
%
Shields & Co.
1,403,000
310,000
■\ The, 4%% sinking fund
due Jan. 1, 1979.
Interest
■
.
.
,
1945—/ 19675—8
—
.
.
■
•
•
-
•
102%%
104%%
-1964—-—
102%%
104%%
1965—
102
1948—
104%%
1966—-'——
.
■'• 1949-:_„—
i -
1950
104% %
1952
104
—
1953-'—:——^'-.
-
1956-..-;—^:-.,!
1957-'!—Z//-.
1958———
—
1.960
"
.
rZ^Z/ ioo%%
./1977!-;—_Z_!.,
■
:
1978--.—Z;-. ipo„;
/
,
102%%"/- V.-/,'■■■' /VS
for
redemption;
■>
.
,
The
v;
1944-——-—
■
.
If red. during
calendar years
1962
\
100%%
1948———/ -:——
100% %/;
1949-———--—
100%%
1950.
100%%
1946————— v
u. A
!•
—
1951-—
—
1952.——
»•
«,-/
:
■
Z;
1971——
1955-.
—
1973
100%%';
—
'
1974-——
—-.
1957———/ 100%%
100%%
1958—1
•
U
100% %.
will
The
•
'
''
t*
'
'
(1)
purposes:
'
,
1
'
,
"■:A..;/ .'
Accrued
'/series
interest
due
mtge.-,bonds, 3%%
(no
dividends
preferred
stock
which
by
Bond
\\
Wm.
due
a's«-to
to
(shares)__/.—_/_'
the
be dssued/t+In
amount
mortgage
addition
be
^
,
under which
the
to
the
'
limited
Power &
American.
:
►
.
,
•
-,
%
.
.
'
.
'
«
-'
*-
t
i
^
.,
//./
-
Prop.
15.693,370
retire,
/Taxes
/
than
Net
•
accumulated
,
't
■
income' taxes
.
oper-.'-revenues/-/'
,
"•*
797,235
1,900,000
to
-
.
$2,774.08 per day.:
debentures
addition
./
.
to
and
time of the issue and sale
the
•'
1,461,530
1,422,793
2,037,163
1,461,714
1,196,707
$6,532,327
$6,113,324
$6,113,389
;
Total
Exp.
..'
7,187
8,689
607,127
$6,722,849
$6,382,211
2,600,000
2,600,000
1,320,000 *
1,320,000
■;,/ Net
'/•
transactions,
•
►
income
■
/American
in
f
1942,
■
and
'.expects
•
///__./_
$2,263,054
Note—Company has joined
to
as
as
to
to
join
excess
normal
with
in
profits
tax
'
1,320,00b ' 1,326,000
197,256
.151,020
C?'44,205
$1,867,891
$2,498,777
American
which together
of disc,
regis,
with the $5,000,000 of such, debenture bonds
the, company;by, American in exchange
delivered-, to
►
-
///'/;;.
$1,236,857
127,557
330,000
8,528
or
30,277
debs.
1,452
24,145
78,513
7,920
73,205
debs.
56,653
trustee,
sec.,
legal
&. report
exps.
of
29,331
33,847
33,557
38,059
130,101
140,503
172,419
164,820
$911,940
$948,803
$934,957
$G39,405
—;—./'.
expenses
income
for
year.
$37,232
of
1943,
in
securities
respect
$31,099
received
sales of securities
received
ill
as
on
securs.,
previous balance
to
iNet profit
respect
%
sold
(Divs.
.
on
Profit
JExcess. of
Net'inc.
for
.
-
Ended Dec. 31
—
v
.
'
1941
1940
$210,935
**750,879
$211,716
-/
Drl 81
$373,888
$229,223
Drl62,172
*144,664-
Dr-7.80,132
sold
$181,682
$210,935
$211,716
$373,887
337,908
285.067
'178,993
160,172
securs.
Undistributed
;
1941
$4,671
stocks-
Previous balance
1942
/wei'e/approximately -$422,000, /and for the year 1943 will be
approximately': $984,000;'' "/If",the company should cease to be a "subsidiary-of American,-/or if for any-other reason- 'it should discontinue
(Includes
sold
year/——..
com.
cn
in
$33,980
securities
on
during
and
dividerids.
1942
1943
(Profit
1942
dividends.
as
Income■
23,125
provision—
year
ended
for a like principal > amount of deben tures, as set forth,
639,405
911,940
948,803
934,957
:// Dec. 31. (as above)
above; constitute the'total issue of such debenture bonds,/ //joining in corisolidafed'Atax returns with American, its Federal income
and' 'excess ' profits' taxes ' may be/greater than if computed on a con,/%>..outstanding;'
$799,576
$1,249,847
$1,256,996
$1,113,950
*1.347,700 (13,477 shares) $7 preferred-stock, cumulative, no par //solidated basis
t
Unamort.
discount
on
value:
:.
/v;, ../,//-.;■/' / -//i//// •)/ /
86,328
Hisiory and /Business—The company was formed I under the laws of :
5% debs., retired—
^
1,000,000 (10,000 shares)
$6 preferred stock, cumulative, no par :%
425:550
399,000
417,500
386,000
Preferred divs. paid
Pl6rid-a%'o-h/j.'.T5ec.-/28-;-'-,W
/'.the consolidation of Southern Utilities
//';//'
value; (entire -issue)—-segregable stated value $940,000:- and
Co.
Common dividends
:
520,088
325,055
520,088
195,033
arid/Periirisula.; Power & Light Co.. Since -that date it has acquired
b2,OO0,OOO (20,000 shares) second preferred stock, $7 cumulative; no
propertfes/of^numerous .other utility corporations and municipalities.
./■; v
."/ pat value Hen tire issue).
.
■/•
/. V, "
Total undistrib. inc.—- •
$343,759
$337,908
$285,067
$178,993
Th^/^ compa^/i^an /ppe/ratihg public Utility/principallyengaged in
"--Based- on liquidating value of $100 per share. .• /,.
■. - •; J
Total capital surplus—. $13,869,944 $13,969,944 $14,069,944 $14,169,944
*^ansmittiiigj distributing and, selling elecAmerican will pay the company• a supr equivalent tq„,,any interest/ // trie energy// Company .'is also/engaged in the business,: of manufactur,/^Aftef provision for taxes of, $29,147 in 1940.
(Less dividends paid
"
Company operates wholly within
accrued on the $5,000,000-of debentures' to be" issued to it from Jan. 1," ,./^infe;-'-'dismbuting%Aftdk;sfeliing:.: ga$.'
therefrom.
(A dividend on the common stock of $1 per share was
Florida/"^-i;Of[/etihfe'ktotjtl^dp^f'ating revenues of the company for the 12
-1944, to the date of delivery to American and will receive interest
paid, viz., 60 cents from profits on securities sold and 40 cents from
,mbnths -.ended/Oct/;'31-; /i943^ approximately- 95% was derived from
accrued
on
the $22,000,000 of such 'debenture/ bonds exchanged or
net income.IIFor capital stock tax in
1941 over amount paid in
Company cooperates with
transferred by' American
to the" Company up" to the date of such /" electric.'srirViCe and 5%/ffom gas service.
1942.
**After State and municipal taxes of $6,200 and Federal income
/- dealers iri1 the ,%ale /of./electric and gas appliances to its customers,
exchange or transfer. /Upon acquisition by the company, from Amer¬
tax of $1,775.
i
havingj.discorifinued/its;,own merchandising operations..
ican of the above-described
13,477 shares of $7 preferred stock and
Balance Sheet, Dec. 31, 1943
Of - fh'e (eqmpariy'si total ^revenues from electric energy sales for the
10 000 shares of $6 preferred stock, the company will pay or provide
% 12 months
Assets—Cash, $517,958; receivable for securities sold, $9,098; divi¬
endedZOct;/3i, T943; approximately 43.2% • was derived from
for the payment to American of an amount equal to dividends accumu¬
dends receivable, interest accrued, etc., $40,064; U. S. Treasury bonds,
i residential; arid- farm/customers,
40.3% from commercial customers,
lated and unpaid thereon- up to the date of such acquisition.
Amer¬
$1,000,000; other securities, $17,485,206; total, $19,052,325.
9.2% from .industrial customers, 7.2%' from Government, and municipal
ican
has agreed
to waive all claims to accumulated dividends- in
Liabilities—Dividend on preferred stock, $96,000; payable for secur¬
customers,::and 1/10-of 1% from public utilities.
arrears on the above-described 20,000 shares of second preferred Stock
ities purchased, $12,719; reserve for taxes, etc., $48,000;
$6 cumul.
For the 12 months ended Oct." 31, 1943, 96.5% ' of the total system^
at the time of acquisition thereof ; by the company, which dividends :;
kilowatt-hours .input was generated .by the company, 0.5% was pur-*
preferred stock (outstanding 64,000 shares), $3,200,000; common stock
amounted to $1,551,666 as of Oct. 31, 1943.
v
■ r
chased., from/ a lumber, mill
at Perry,
(outstanding 1,300,220 shares), $1,300,220; surplus, $14,395,386; total,
and 3% was received under
(b) The company will acquire from American,- without cost to the
.interchange arrangements with the City of Jacksonville, Florida Power
$19,052,325..
company, all Qf the outstanding securities of Utilities Land Co. (which
Corp., .and.Florida. Publie Service Co.
However, during this period the
owns
an' ice plant and certain other real estate in Florida), all of
Tax Ruling—
company delivered .to these-three non-affiliated utilities an amount of
which are now owned by American, and the right to receive, without
Treasurer Harry G. Friedman, in notice to the common stockholders
power equivalent,to; 4,1% : of its system input.
cost to the company, $1,000 owed American by Utilities Land Co. on.
For the 12 .months ended Oct. 31, 1943, approximately 66.5% of the
on Jan. 5 stated.
an
open
account loan. V The securities of Utilities, Land Co
to be
Pursuant to the Internal Revenue Code, 60% of the dividend of $1
company's .total gas operating revenues was derived from residential
acquired are: $300,000 6%; note, due Nov. 25,; 1940 (past due); $400,000
■
,
,.
•
,
•
,
r.
■
'
.
■
.
,
'
"
$1,381,950
—
'
;
$1,195,197
:
:
•
1940
1941
.
47,897
$1,149,885
on
value
.
.:
99,112
5,401.793
1,554,653
785,400
*$1,340,110 t$l,212,043
94,698
41,840
24,814
41,947
paid and accrued
on
returns with
tax
,
/
160,165
..
■
1942
Statement of Surplus/ Years
through transfer by
excess
profits/taxes for 1943.
/following securities
:.; American/its' total Federal income and excess profits taxes would not
issued by the company and now owned by; American://w./)//■%./,//-///T;
/have been/affected: for the years 1940 and 1941, but it is estimated
that the--tax savings to4he,/company due to consolidation for the year
$17,000,000 of 6% gold debenture bonds, - series ■ A, due Dec, - 31; 1951,
(a) The company will acquire for cancellation
American, without cost to the company, .of the
//%%:
debentures^.
realized
$2,154,694
Federal
with
,189,260
■■
bank loan
market
150,595
040,335
156,705
with
1941
$491,235
•
1943
-
bonds.,—'—.
"Including
197,256
Crl9,838
surtaxes
f ;'
120,534
'.-.//■■"■
9.878.996
5.918.567
4,523,219
1,744,526
3,331,352
935,166
■
stocks.—. *$1,107,937 ,*$1,100,500
redemption
custody
1940; 1941 and
to 1942, and
with respect to Federal income and
Had
the
company-not joined with,
taxes
and
"
:2,600,00^^,2,600,900
197,256
consolidated
/.,
$598,451
'
exchange of 5%
Net
:.
/.-./■/ /to c.be
.
of
/Other
&
u
14.
Jan.
420,952
Z
income—'.'
1941
.
,/550,507
764,549
7,210,694
3,674,581
on
audit.
■
record
$1,079,477
393,123
.
2252.
on
on
Transf.
436,875
$6,122,014
159,203
1—
income
Amort,
2.650
£6,539,514
'Other ; int.-deducts..
holders of
1942
railway..!...•
on
Interest
•
.Taxes
-
$7
Ry.—Earnings—
14.311,325
oper.
: Interest
$5,942,685
197,256.
the
on
/,,
$1,505,124
Year Ended Dec. 31— /
485,493
p. /_
to
1943
'
railway.—
158, p.
Interest
2,332
"
-
of the 1974 series bonds,
serial notes, the following
above, will be effected:
those- indicated
ex
disct.
11
-1
railway-.-—'
" income—*
from
ry.
Dividends
1,370,644
./Int. .chgd... to / construe./
Capital Transactions
Other
Prior to or at the
•
■/ the
■
'..■■/
;/>
%
of .debt
declared
p General American Investors Co., Inc.—Earnings—
1,800,000
1,470,247
'
Amort,
redemption thereof which may riot be earlier than 30 days after, the
giving of notice: of redemption.1
Interest on such bonds amounts in
the aggregate to $7,222.22 per day, and dividends on such $7 preferred
stock outstanding .in the hands of the public amount in the aggregate
share has been
payable Feb.
railway...
from
Net
"
,
per
.
January
Net
Rent from
lease of plant- ;
have been paid to Dee. 31, 1943. " Company has- de.iclkred a dividend on such $7 preferred stock for the period from;' ■/;■■ (net) iOther ;incpme
V
(het)
/
Jan/1; 1944/ to Feb. 14, 1944, the expected date of redemption of all
such $7 preferred/stock
then outstanding, which dividend-is. to be
Gross income,'-— ;! Z/ZZ
payable Feb. 1, 1944, to holders of record Jan. 14, ,1944.
On the date
In£.//on mtge, .bondsii.'
/. of delivery of the new securities- there will be deposited in trust by
Int. on deb. bonds (to'
.the company out of its other available funds an amount equal to
American) • ;///'/!./—'/:/•'
accrued interest, on such bonds from Jan. 1, 1944, to the date of
20,000
455,000
expected
oper,
ry.
From
—V.
' 5,446,597
/
729,373
641,465
•
40,000
40,000
80,000
: 2,094,000
value, for the period from Jan.. 1, 1944, to
date of redemption of all outstanding
par
stock),
109.
cents
83.6
no
(the
such
from
Gross
;
2,100,000
635,832
40,000
N
2,100,000
:
of
Net,,from
.
•/ 1940 •//:
$15,774,795
5,819,281
5^91,289
40,000
161,000
Co.
&
of
stock,
159, p.
"Net
in<- •
come./ taxes
Prov./for
.<■
1941
1942
-6,482.542
,
provisions
( other
31, '43
Scranton
40.0QO
40,000
161,000
161,000
Co.
Loeb & Co.
Gross
\
,
$19,253,112 $17,669,324 $17,249,407
/Maintenance
will
.
-12 Months Ended Dec. 31
12 Mos. End.
-
revenues
Operation
•
•,
Summary of Earnings for Stated Periods
Oct.
Operating
>
&
40,000
161,000
Son
Co.
%November—
by
bonds
series
1974
&
50,000
161,000
Co.
M Fort Worth & Denver City
2,500,000
be
offered,
company-to its parent,
a like principal amount
the
&
14, ,1944
v.
$10,000,000' debentures
issued "by
202,000
161,000
Harper & Sons- & Co., Inc.
shares
^
to
55,000
50,000
■
5,000.000
r
issuance
55,000
202,000
161,000
distribution
Feb.
115,000,000
5,000,000
but
Inc.
Final Preferred Dividend—
■■
$45,000,000
the. present financing.
maximum
& Co.,
248,000
'
Turben
P.
55,000
248,000
.
Hilliard
W.
M10.000
248,000
%//,
Co.
preferred
1974
//
Redpath_„
&
Co.
Evans
Ohio
Kuhn,
Authorized *0utstdg.
•
Parker
&
Clark
B.
Chas.
Light Co., in exchange for
.of 6% gold debenture bonds, series A, due Dec. 31, 1951, which are a
/part of a total issue of $22,000,000 presently outstanding and owned by
preferred stock,
r
J.
90,000
'
90,000
Co.
&
Fahey,
a
414,000
Co.
Cooley & Co.
'
-
&
A.
&
90,000
414,000
•
/
•
130.000
130,000
90,000
414,000
Co.
&
Co.-
Miller & Co.
J.
626,000
626,000
.
JZZk--Zj/-^.
414,000
Clark
W,
Merrill,
Co.,
Marks
Walker
H.
Atwill
American
Share
j___,/.___/,/i___„
Inc.
Co.
Yarnall
•
://:
—
Scns^—^
&
M.
&
The
&
Inc.
Clement
Share Co.
Electric
130,000
—_
Hayden,
these
on
185,000
185,000
—626,000
Co.
Company,
Auchincloss,
E.
185,000
823,000
823,000
Milwaukee
Riter
securities of the company,
new
•
series,
;
par)
requirements of
American
company's first mortgage gold bonds, 5%
and . unpaid dividends on its. $7
the
on
and
1954,
informed
$5,000,000;-additional aire-to
/.k_ZZ————- $68,473,370
'
second
and
Funded Debt and . Capital Stock
t.
are
principal
Total ''/
$7
also
the
•
v
paid dividends, if any, to the date of redemption,
require the sum of
.
interest
-'delivery of the
■'
(Unlimited
"
t
receive
&
Brown
Laurence
The
G.
185,000
823.000
Robinson-Humphrey, Co.
Alex.
company's
823,000
Perry & Co:,
Stroud
cash
represents
-
Co.
&
Wisconsin
The
time.
•
.
the $22,000,000 of the
on
Moseley
Arthur
„
* Adjusted,to .reflect
.
redeem: at $110 per share 142,667 shares of; the
company's $7:preferred stock, cumulative (no par),
outstanding in the hands of the public which, ex¬
clusive of an amount equal to accumulated and un¬
*
loan
-
also
the
on
is
^
To
(2)
will
/
Common .'.stock
mortgage gold bonds,
:
from
that
sinking -fund debentures, due .1979—$15,000,000
,2%%; and 2% %'serial,notes, due 1944 to l954_No indenture
at 101%%
$52,000,000
account
an-open
at
.4%%,
"
of the principal amount thereof,- .o"-'
'
amount of the company's first
5% series due 1954, which, ex¬
clusive of accrued interest to the date of redemption,
$52,780,000
will require the sum of-.;—
To redeem
,
:./First
%
100
mately $7,072,620 of cash from; its treasury, will be used for the fol¬
lowing
• American
Holdings of Electric Bond &
company
r,
be
to
by
S.
A
Issue—The net
inteiest)
crued
American
.
Corp.
Co.
&
Higginson
The
parent of the company, that it owns $417,000 of the company's first
//mortgage gold bonds,. 5% series due 1954, which it purchased during
/the period from May, 1, 1934, to March 31, 1935, in the open market
for cash at a .cost of $278,455, which bonds are to.be redeemed.
after
$61,400,750,
F.
•.
it1
►
-
proceeds'(estimated to be approximately
deducting estimated expenses and exclusive of ac¬
received by the company from the issue and sale
of $45,000,000 of bonds, $10,000,000 of debentures,' and $5,000,000 of
2%% and 2%% serial notes due 1944 to 1954, together with approxi¬
Purpose of
'
waive.'
100%%
V
,
; except. dividends
100%%
_
1961
■
by
Lee
repre$796,000, less $96,000 of
of
amount
forgiven
.on
1935i
17,
securities1;to /thedate 'of
:
100%%
100%%
100 % %
1976—--------——--
.
acquired
275,000
275,000
275,000
275,000
275,000
230,000
230,000
230.000
1,236,000
-
Estabrook
$6,376,654.
separate book
.
1,236.000
Co.
&
•
100%%
-
1959--k——100%%.
1960
100%%
-
:
———
—
1972__
•
.1956
•
?'•'•
Dec.
.on.
securities. .,; American
100%%
100%%
100%%
100%%
1970———/--—/-—
:
no
310.000
1,403.000
Co.
.
;6%/gold debentur-e bonds; series A, from Dec. 31, 1926, to June 30,
1943; tand dividends on: the 10,000 shares of "$6 preferred stock from
Jan. 1/ T928, tto Oct/ 1,
1943, dividends on the 13,477 shares of $7
preferred stock from various dates.in 1930 and 1931 (when such shares
—
—
1968——,—-——
1C0%%
100%%
is
American
•;;>/.//
.1
were
American' has/received interest'
;
100%%
1966-—IOO % %
1967—---—/———
ioo % %
1965
—100%%:
—100%%
1954—
/
1964--—-
•
1953—100%%
rvv
——
1963-—-—
1947———-- ——:
notes
of
&
Co.
Dillon
Harris, Hall & Co. (Inc.)
:
1,236,000
Paine, Webber, Jackson & Curtis___-_.„-_^—
1,236,000
Tucker, Anthony & Co.
■
1,236,000
A. C. Allyn & Co,,
". 1,029,000
.Equitable Securities Corp..
1,029,000
.Central Republic Co.
(Inc.)
1,029,000
Special
red. price
/were purchased in;the,.market) to Oct. 1, 1943, and dividends on the
100%%,
'/20,000 shares; of $7'second .preferred stock from Jan. 1, 1926, to Oct. 1,
100%% •
/1932/ at the .respective interest end dividend rates specified in such
,■ 100%%
,/ *
"
100%%
100%%/
100 % %
—•
Co!
owed American
$1,000
advanced
.
Special
red. price
,/
If red. during
calendar years
,'/ .'v ;;/
%
/seriting'^ net'-cash.' Advances in the
Redemption Prices of Debentures—Debentures will be .re¬
notice for the current sinking fund requirement at '
/the following special redemption prices (expressed in percentages of
the principal amount), together with accrued interest to the date fixed
■
&
//.Utilities Land Co; on'Nov. 27, 1935, for demand loans receivable
Special
.
the -books
on
Xi? i/such/-indebtedness.' gratuitously
deemable"upon like
,
shown
value'of'which'as
'
" > '
The .Utilities '. Land
,,100%%,
Weld
Drexel
Eastman,
preferred
,100%.%/ f. .values..' a
——————
White,
.
Land
,,(The-respective classes of securities in this group have
'
to
company
'-book
—
1930,
stock of the company .and the common stock
Co.
were
acquired by American upon organization
and •Utilities Land Co. in December, 1925, as part of
'the consideration' for 'properties, securities and other assets transferred
to those companies/ /These
securities/together with 2,500,000 shares
of common-stock of the company, constitute a group of securities the
Utilities
100%%
1976
-
^Z4ih-102.%^*"
^Zzz
period July,
ioo%%:
1975—
.
%
102%%/:
.
a
The'second
-of
% /
•.
the
in
1974---—
■;:
103% %
103
101
—
market
open
1973--/———
/■ 103 V4%
—
——
—.
1961—
.
—
—.
..1959——
-
.,:„v
1972!—:—
103%-%.
the
at a cost, of $1,323,293.
The $6 preferred stock of the
purchased by American from the company on Dec. 31,
cost of $940,000." ,
was
at
'kof'the
101%%/
19711.,—!———
/
:
103%%
1955-—1—c—
1927,
101 %%■ "
1970—————
s
103%%;/:
1954
;/
.
: ..company
101%%
101%%
——/-■:
1969-
in
.October,. 1931,
-
%
101%%
—
Z——
*
.%•'".
103%%
—
—-
1967—:
104%%
—.
1951__.———.
:
chased, by-American
'
101%%
1945—
•
:
104%%
1947———.
:
1963-!
1946————.
kv
.
pal
the company
Federal In¬
this capital
stockholder who received it as
held for more than six months. ■>
share paid on Dec. 24, 1943, has been designated by
as
a
capita] gain dividend.
Under the provisions of the
come Tax Law relating to regulated invstment companies,
per
gain dividend is to be treated by the
a gain from the sale
of a capital asset
—v.
158,
fidence
I
•
.
'•' ■'/
Co.—Earnings—
Grand Union
:
/■■;.:
this
1943
In
ordinary
which furthei
volume of paid
recorded the largest
company
•Net
according to an official# announcement,
follows: ;
,!
.
submitted ordinary from March to December
each* month over the corresponding month pf
in
states
part
"With
increase
as
,
*19"AsPofdDec;°31,b1943Ahe
force'."—V.
158,
„
>
Period End. Dec.
"renegotiation
approximately
additional net
between
gross
rel'nquishment of $76,036,123 and $68,432,511 taxes thereon.
The provision for taxes of $193,000,000 shown in the annual report is
reduced by the $68,432,511 to $124,567,489.
This "renegotiation" has
the further effect on the results shown in the 1942 annual report in
that the estimated amount of company's post-war tax refund for the
year of $17,000,000 is reduced by• $6,843,251 to $10,156,749.
The final;,
result is a reduction of company's reserve for post-war adjustments
Adjustment Board has now completed its
shinments of the company, which totalled
one
bill'on dollars.
As a result, company has made an
Payment to the Government of $7,603,612, being the difference
—V.
for dividends for
the
1943,
accumulations
$100,
i
,
were
a
•
158, p. 1347. ?
'
-
1
•
—1942-—■■.
price adjust¬
"renegotiation" _——
145.396
and other charges—728,492
Deprec. of plant and equipment—.23,119
260,557
revenues^-
$226,164
11,917
$161,125
16,072
Other
$162,045*
$238,081
$177,197
Interest
(net)_„__
Dr3,524
income
for:
'
',
•
1'
'
$124,567
post-war tax refund..:
Post-war adjusts. & conting..___
Crl0,156
2,553
the year-——
Surplus at beginning of year-——
of invests, for undlstr.
$120,000
136,480
Est.
■
for
income
17,000
Revaluation
'
of affiliates—net.
earnings
Total
$57,197
128,352
Dividends
,
Balance
.
Net
$1,723,993
584,967
50,427
.
.
'
72,800
§h._
Comparative Balance
Inventories
——
.
assets!-
current
Other
/
429,784
Accrued
Gain—
Number of Stockholders
The
Jan.
on
company
taxes
—V.
159,
109.
p.
'
Selling, general &
■
Net
—V.
1942
1943
1942
$34,935
$2,036,333
$1,769,063
159, p. 109.
deductions
Duties f
Alfred
P.
Sloan,
announcement:
Chairman,
Jr.,
Jan.
on
''
:
-
12
following
the
made
' '
;
'
'
1
Net
•
Jan.
Albert
1943,
15,
>§Secured
t43,000
profits'.taxes!!.:-!!,for possible losses resulting from
for Fed.
inc. & exc.
Appropriated
war-tiipe conditions
685,000
..been made in each
$847,921
profit —
--—!•' $6.64,354
Prior preferred dividends—--•!!—/!:- 145,636'.
Preferred dividends
—
.!! 31,770 .;//! —
V
sonnel—
officers
S.
of
F,
and
'
board
The
the
corporation,
who has
Ferguson,
was
named
Honorary
the
announces
following
effective Jan. 1, 1944:
been Chairman of the
$323,000 allowance in>1943 for debt retirement; also
of $60,000 in 1943 and $2,683,000 in 1942.
'
■
Note—Depreciation amounted to $161,415 in 1943 and $152,384 in
post-war credit
Chairman.
the /
in
changes
1942i
accounts
H.
other
The
158,. p.
the
of
officers
1
*
•
corporation
reelected
were
and
the
•
deposits, $1,773,797; notes and
doubtful- accounts and-notes of
$1,042,947; inventories, $872,791; expended on contracts in
process (less advances and partial payments from customers on con¬
tracts in process of $816,7221, $969,850;' other assets, $259,259; land,'
buildings, machinery and equipment • (less reserve for depreciation of
$2,373,737), $1,929,942; patents, drawings and patterns (less reserve
for amortization), $1; prepaid expenses and deferred-charges, $276,721;
'total, $7,125,306. •;,/ / v/;/"J'/!
///!'/:'!'•"''
Man¬
and Seth Thomas Divisions were reappointed.—
of thft Westelox
agers
V.
'
on hand and demand
receivable /less reserve for
if)43.
$142,351),
formation,
corporation.
Sept.. 30,
Sheet,
Assets—Cash
.!:
/
,
Balance
Matthiessen, who has been President of the corporation since
was elected Chairman of the board.
A. J. Wilson, who has been Executive Vice-President and General
Manager of the corporation for several years past, was elected Presi¬
dent.
The office of Executive Vice-President is discontinued and Mr.
Wilson as President will continue to act as General Manager of the
R.
its
"
,s
,
*
.
has retired
board,
-
'
»
404,000
174,948
404,000
v.296,7071'
$753,775
$1,231,428
$168,786
-
in
1943, #3148,375
,
Inc.—Accrued Dividend—
per
quarter/since and-including April-1, 1941. Arrear1943, amounted to 75 cents per share.—V. 158,
'//,!''!!;! !/'■■ !,. !•!/■'!/;
!;•;!•
Hudson & Manhattan RR.
fare
on
!/!!.;.!!'/!/;■:■ !/! /•!/...!
,;i""!
■
Co.—Fare Increase Enjoined
the company from increasing
York line from 8 to 10 cenrs, or selling
restraining
injunction
A' temporary
its downtown New
by a two-to-one de¬
Newark, N. J. ;!
and District Judge Thomas
F. Meaney gave
the majority opinion -holding that Jersey City had
not/had a fair and impartial hearing before the Interstate Commerce
Commission, < which also was restrained.
Judge Guy L. Fake, in a
dissenting opinion, said the conclusion of the ICC had been based on
-evidence before it and that its judgment shculd prevail.
/!;.';!■/•'. /• „
John. Finnerty, special counsel for the. company, announced that an
appeal would be filed directly to the U. S.-Supreme Court," as specified
\in cases/in which three .judges plarticipate.
,
/
Judges McLaughlin and Meaney in their opinion said their conclu¬
sion of "unfairness at the ICC hearing"
was based on the refusal to
:!
in ;1942;
$27,000
Per¬
'
-
directors
of
in
Corp.—Changes
Instruments
Time
;
the
..
General
183,503
til,213
16,
of Oct.
as
1473.
p.
,
Net
1943 and
'
of TVi,cents
dividend
agps
^Includes11 Excess profits taxes amounting to. $3,830,000 in
and
-
15,099
3,350#
460
share was recently declared on account
of accumulations on the 6% cumulative preferred stocks par $5, pay-able Jan. 15 to holders of record Dec. 31.
A similar distribution has
500,000
.
37
by
(The) House of Westmore,
A
$4,577,921
3,230,000
——
:.
32,155
'
.
in
1940.: /Secured by fixed assets
receivable 'valued , at $553,114.
receivables valued at $339,765.-^V. 157,
/ !./ //.!/ ; ;v/../ ..
'/'!'■;•;// :' f
tSecured
inventory
by
r
$1,386,771
$1,374,116
;/
t$31,497
8,763
25,686
!/
364,000
V, 468,712 .,!>: 369,819
insurance.
:
•
:!
! ! 68,092 ,/W!
:
364,000
reserves:.for
and..life
! p. 345.
$4,555/466
22,455
21,962
$753,775
!/• 98,000 !!!!!_u!_":/:
/
—
<■ After>
:-
••
t
•
"tax
depreciation of
1942, $107,851 in 1941, and $73,621 in
/
s
...3,700,000
$5,049,354
profit
■•Prov.
Bradley, Executive Vice-President,
and at one time group executive in charge of the car, truck and body
divisions, will assume, in addition to his other duties, the respon¬
sibilities of Chairman of the Distribution Policy Group
with super¬
vision
over
activities
comprising the distribution
staff, which has
been under the jurisdiction of R. H. Grant, who is retiring as VicePresident.—V. 159,-p, 109.
r
.
Effective
/!!/! 5.246
income
Extraordinary
.
Total
.
General Motors Corp.—Official Assumes New
profits
stock
Combined, surplus
36,600
$4,734,055
$5,170,999
178,589
126,892 ,'
income /!-.
Total
Income
373,427
98,044
163,839
24,234
29,799
! V 1.557
credit
ior. additional
excess
.Common
$4,697,455
\ !;/ 43,336 •!
income
.$5,044,107
/
/!/'
,
1943
revenues
'-$5,127,663
profit.
operating
Other
$40,360
V,
>'-">5943 'V
—Jan. 1 to Dec. 31—
,' !!!!;.;Week End. Dec. 31
^
1942
.
& disc.!^$18,064,329]
/____^--!!i!_!_!i;J!l!.'-S!__'v>'i2,077,433}'- Ndt Avail.
admin. expense-_-_--^_w_!-!i ?
859.231J '
Cost of sales____!
Georgia & Florida RR.—Weekly Revenues—
Operating
-
.
t71.787
16,427
'
205,943
—_•
—C, 116,078
bal._ !!'>.,■,8,500
Other current liabilities
! 1,379
.Long-term mtge. loan_
133,000
Sales-rHbillings)—Less returns;willow.,
anhounced that its stockholders numbered
12
compared with 221,501 stockholders a year'earlier.
!!!';!' !•/
/A.Uy>,: '//!•!;
229.058 on Dec. 28,
^
30—
Year Ended Sept.
,
.
S$239.435
/!
t20,000
18,601
t$10,000
68,504
-
,
Inc.—Earnings—
(R.) Iloe & Co.,
131,013
2,532
.
$1,386,771/ $1,231,428
accruals
Other
Reserves
$136,480
$146,328- -'$146,328
Surplus at end of year......
$90,372
'134.469
296,833
79.229
369.510
23,579
.
^_r!,$$351,922
.
payable
.Customers'
14,
1940
1941
$32,493
f
350,487
!;/ 31,261
$1,374,116
loans due (1 yr.)
Accounts
a dividend of 50 cehts per shafe on
payable Jan. 14 to holders of record Jan. 7..
30
1942
$79,553
!
271,149 :!
5,578
39,225
—
—
»
Liabilities—
//Mtge.
Jan. 14, 45 cents; -April
75' cents.—V\ 157, p.' 1459;
assets.,--
Miscellaneous
!
' 648,743
360,101
.
584,967
$1,139,025
!
'
9,072
bldgs./;&^ equip,
$153,574' /!! $76,338
- 80,800 !'!.,.'80,800
$1.90 !! $0.94
.
Sheets, Sept.
1943
$469,332
! 119,509
,
376.877
19.812
" 78,942
72,800
$1.76
>,
/
,
,
143,088
$1.84
(net)—
$244,044
11,528
' $127,945
$133,809
common'
com.
Receivables
'/•Land.
/.
315,000
3,251
$108,943
8,208
4,785
6,095
<
.
,
-
•!
7,388
3295,840
18,560
6,247
Assets—
declared
recently
6,529
40.025
in-
Cash
50-Cent Dividend-—
during 1943 were as follows:25 cents; July 14, 30 cents; "and Oct. 14;
.
36,443
per
/'Bank .loans
capital stock, par $25,
•
$525,277
••
.
deducts.-
shares
Earnings
2580.
Payments
$102,159
3,533
profit
'SNo.-:'.; Of
1,231,241
I—$1,516,208
-
p.
directors
The
the
$186,907
.
158,
11,085
taxes
come
$2,955,234
1,226,599
$2,101,175
$157,931
Haverhill Electric Co.—Pays
?'
1,358
5,096
,
V 8186,657 ." $186,657
40,329
40,329
stock
common
on
5,096
...
$3,327,774
.
20.730
—
State
and
Federal
..
'
,
„
—
13,482
101,861
2,073,007
$226,864
paid
Miscellaneous
Total
———
$45,081
136,480
.
income
Interest
•
$2,998,826
Dr43,591
$3,314,292
$259,792
.
•
$195,349
requirements-'!—
dividend
Preferred
—V.
Net
100,486-
2,902,291
$267,722
Miscellaneous/•, income-^
—
$45,081
& "excess prof,
inc.
& amortization. !'!
Balance
$193,000
Crl7.000
taxes
Federal
Interest -earned.
! .Total
$12,489,546
4,054,951
685,488
1,597,239
2,037,052
1,115,988
762,019
1,649,439
3,279,747
1,192,402
Dr4,316
r;
$295,835 !
Balance
Provision
90,266
! $264,109.
$299,360
4,429,634
17,301
_——_
,
"
'
4.977,893
-
Profit
•
$150,128
11,917
below..-
Total in., bef. provs, shown
r
i 192,306
.
94,095
taxes
Net oper.
other sources—-—i-;
from
Income
Other
133,650 ;
137,651
•.
taxesl^
Federal income
before provisions
below
shown
V
Depreciation
497,254
20,955
,
."
$501,447
etc.
penses,
1943- -12 Mos.- -1942
46,307 '
93,243
$2,175,166
share on
stock, 4par
.rp-'r:-.
;
1941
$3,129,155
■:
'
/./■ /'
selling, •
admin.' ex-
sales,
and
gen'l
-i/t'eitT- if;-./
$1,061,65.1 $15,173,156
335,011
4,975,253
453,611
Operation
69.360
728,492
23,119
exps.,
Income from sales,
revenues
of
1940
1942
$4,697,356
1943
sales w—$5,479,345
Cost
-
-Month—i942
$1,338,519
Maintenance
ments and
Costs,
Operating
voluntary
for
Prov.
1943—
Period Ended Nov. 30-
$1,132,837
1,047,135
679,334
(shipments)--—1,047,135
Sales billed
1941
$2,003 039
—$2,003,039
received
Orders
Gulf States Utilities Co.- —Earnings-
Year
company
!A' "4>'
-
-
.The
Iloneymead Products Co.-^-Earpings—
Net
made on
1942.—V.
$1,449,494
has
company
';v Years End. Sept. 30—
Ltd.—50-Cent Div,—
dividend of 50 cents per
cumulative preferred,
the 7%
on
■-
Calendar Years—
but
■
\
^
.
■■
contingent liability upon-title insurance policies
invests in, buys and sells first mortgages
does-not guarantee mortgages.—V. 157, p. 1082. /•••••. •
'/•••/'!.!..
The
:
295,456
340,010
>
'..
Total'
.
35,476
80,062
:
taxes—
surplus—
outstanding.
28 to holders of record Dec. 31. - Similar distribu¬
April 15, July 15 and Oct. 15, last yeaf, and' oil'
payable Jan.
tions
April 15,
declared
have
directors
of
other
and
(par'$3)-_-_____v_—390,441
surplus—*.!_!•!»'
Contributed
unchanged
stores,
151
operated
company
$3,353
8,545
290,150.
—
title insurance-—^—!—_____.
stock
Earned
contra-
per
Federal/State
Reserve, for
Reserve for
1943—Month—1942
1943—11 Mos.—1942 .
$9,527,097 $9,929,499 $62,138,499 $58,316,062
Guardian Realty Co. of Canada,
The
account
(000 Omitted)
:!!'!•/'/T;/!/!!;After /,/■.//, As
."renegotiation" reported
153,805,756;
'. . ! ■
-
payable,
accounts
Agency
Inc.—Declares Extra Dividend—
earlier.—V. 158, p. 2580.
from a year
$1,449,494
!/\ '/"
// /: '■ '
../
■
.
have declared an
directors
December,
In
average
Received,, Income and Surplus
Liabilities—•
payable and accrued expenses------.
Commissions payable upon collection of certain accts. rec.
• ■ " . j ■. >/•.. ,
-
v
Sales
1940,
Statement of Orders
,V. -
„!_
Total
'
•Accounts
extra dividend of 50 cents per share
and the usual quarterly dividend of 50 cents per share on the com¬
mon stock,
par $1, both payable Jan. 24 to holders of record Jan. 17.An
extra
of like
amount was disbursed on Jap.. 22, 1943, and on
Jan. 22, 1942.
•
*
i
.
J ,
Sales for Month and 11 Months Ended Dec. 31
'
profit available for dividends was $46,540,000.
Additional, but much smaller, amounts have been paid to the Govenment
on
account of certain of the affiliated companies for the
year 1942 as a
result of this "renegot'ation." A statement showing
the operating results for 1942, both before and after "renegotiation,"
}n comparison with those for 1941 is given below;
,
• 1 •'
•
25,143,373 163,887,965
2580.
p.
(H. L.) Green Co.,
report,
the
j
t :*
j -•
receivable—66,984
;
■
2,591
receivable^.i„
Interest
.
1 :
,:
23,518,334
158,
The
1942 remains the same as shown in the annual
$45,081,000, compared with $57,197,000 in 1941, a decrease
$12,116,000, or 21%. For the five-year period from 1936 to
year
inclusive,
-.
Period End. Dec. 31—
namely
of
'V
to
Accounts
Capital
and
the
•
r
Sales
a
contingencies from $17,000,000 to $2,553,137.
Because of the reserve set up, the profit available
•'•••
V
building—
—
45,000
at date of acquisition (less amount
.; !
contributed sprplus of $87,500)—162,500
office
charged
>'■
5,000
464,795
290,150
plants as valued
Title
Co.—December Sales Off 6.46%—
31—
.1943—Month—1942
1943—12 Mos.—1942
103,180
Mortgagees
Company
profits taxes., ton
depreciation, etc,, except excess
taxes,
•'
1942
the
all
(W. T.) Grant
Pr'ce
The
of
share
com.
per
After
of common stock.,.;./...! _
.
/
■
Note—Retail sales for the three months to Nov.
27, 1943, were
$10,962,002, compared with $11,472,675 for the same three months
of 1942.—V. 158, p. 1858.
•
' '
Renegotiation—
Co.—Results of
General Electric
•
$263,383
$1.18
222,739 outstanding shares
'
'
>
,
tEarns.
'V
'
Government securities--—--,...—'
Realty Service, Inc., a management
company owning no real estate
—
Cash in banks and on hand—general funds
——
r—
Cash in banks and on hand—agency funds (contra)
of
Stock
27, *43 Nov, 28, '42
$380,791
$1.71
•
$309,294
at present principal amounts
United States
——9 Mos. Ended
$88,952
$0.40
$142,326
$0.64
;
of insurance in
had $749,893,236
company
1857.
p.
.
„
shoving an
the previous
total written life volume for the year exceeded
the company's
year,
,
profit
1943
or Dec. 31,
as
/
-
Mortgage loans on real estate,
.',v;/'/,
Nov. 27, '43 Nov. 28, '42 Nov.
Period Ended—
Record—
history,
its
in
St. Louis, Mo.
Insurance Co.,
General American Life
Volume of Paid Ordinary a
.'/•/.;,:
/
.
Condition
of
Statement
Condensed
'
——3 Mos. Ended——
the
in
future.
the
for
Assets--
•
;
:
•;v
.s.
outlook
oversubscription, indicates the strong con¬
present real estate market and in the
the
represented by
of the public
stock,
If all preferred
$778,497.
1939, total
1,
the exchange offer, ,the cost-to-the company would
be $107,825 in cash and $646,950 in new class A preferred stock.
The class A preferred
stock has no maturity date., but. is callable
at $52.50 per share on 30 days' notice.—V. 159, p. 103.
Stockholders accept
'.v:
2580.
p.
Oct.
since
default
in
Monday, January 17, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
216
)i: rides, for $1.was .made permanent on Jan. 12;
cision
of
Circuit
a
three-judge Federal Court'at
Judge Gerald McLaughlin
Court
-
accept testimony that the company was earning sufficient
eight-cent fare to pay all operating costs and interest on.
/indebtedness. ■ !•
•'
'
'• •
■
/.
'
under the
its bonded
Liabilities—Accounts payable, $203,430; interest on bonds, $31,250; .V". The Economic Stabilization Board, which had intervened in the suits,
.contending that a fare increase would encourage inflation/ was held
liabilities, $335,672; Federal income and excess profits taxes
U. S. Treasury tax notes of $2,517,650),'$1,262,350;
1st intge. /'justified, in the majority opinion,• Discussing the ICC's characteriza¬
"5 %< bonds to be redeemed Feb. 1, 1944
(less, cash on deposit with tion of the increase as "negligible and therefore not directly causing
inflation," the judges said:
/'"
••
■ '/
sinking fund trustee of $100,000), $173,000; long term debt, $977,000;
"The Commission has failed to consider the dangers, cumulative in
reserve for contingencies, $150,000; reserve for possible losses.resulting
effect, of the-present allowed increase in connection with all otherfrom war time conditions. $729,320; 6%• % cumul. prior pfd. stock ($65
cumulative sources of inflation, perhaps small in themselves but tend¬
par), $373,588; 7% cumul. pfd. stock <$21 par) authorized and issued
ing collectively to defeat the vital policy of controlling inflation, as
or
reserved for issuance 7,860 shares—less 4,258 shares in treasury,
r indicated
in-the executive orders of the President in the Apt of Dec. .2,
$75,642; $4 cumul. class'"A" stock ($10 par)y $959,970; common stock,
•; 1942."—-V. 159, p. 8.
-■.•/!•!!.!.'■,'</:
b! • !,-. ($1 par), $160,000; capital surplus. $1,207,660; earned surplus, $486,425; total, $7,125,306.—V, 158, p. 1278.'
•.
' . ' • • ..
Inland Steel Co.—Output at Peak—
!
-
'
2468.
accrued
(less
Gladding, McBean & Co.—Omits Dividend—
The
company
Jan.
on
6
announced
that
the
voted
have
directors
-
the payment of a dividend on Jan. 15, when it was normally
Distributions of 25 cents per share were paid each quarter from
against
due.
July
.
17,
1941,
to and including Oct.-15,
1943.—V. 156, p. 2223.
Glendale Water Co.—Liquidating
The
SEC, on Jan.
dends
to
its
only
has permitted
8
stockholder,
the
Dividend—
of liquidating
payment
Pennsylvania
State
Water
divi¬
by
Corp.,
distributing $57,500 as a partial l'quidatmg dividend; the balance of
its
assets,
$10,204 in cash, to be used in't ally to satisfy tax and
remaining Labilities,
otl>er
distribution'.—V.
159,
p.
7.
Dairy Co.,
Home
any
and thereafter paid as a final liquidating
/ /,,-/...
\
..... .
The
share
.
p.
company
the
on
on
Jan.
Home Insurance
,
A dividend
Rimilar
the
of
25
cents
1942, the
13.—V. 158, p.
year
! Feb.
per
share has
no par value, payable Feb.
distribution was made on
15
also
company
been
the common
declared on
The
to holders of record Feb. 1.
A
15, last year; none since." In
disbursed
25
cents
"
671.
per
"
' '
share
of
on
share
The
stockholders
on
Jan.
12
approved
a
proposal
to extend
the
ma¬
Home
turity
"five
of presently outstanding 4,313 shares of $100 par 7% cumulapreferred stock to Oct. 1, 1949, and to offer holders of this issue
.three
in
shares
of
exchange for
Acceptance
would
$89.50
new
each
$50
class A 5%
par
present
$100
par
preferred
preferred
and
share
$25
in
held.
share
by holders of- old preferred stock
their claims for accumulated dividends amounting to
on
Oct. 1, 1943, and simultaneously
retire the old
preferred stock issue.
Claims of holders Of old preferred stock, in¬
cluding $347,197 for back dividends and $431,300 representing princi¬
the
The
record Dec, 31.—V.
'• -•./• ■
/■
Co., New York—No Extra
stock
regular -semi-annual
"
"
1943,
•■;-
(par
Dividend—
,
;• /
J.
$3).
received
Davenport,
on
Jan. 11 reported that
1943, an increase of
it'' had produced :3.597,975
of ingots in
Inter-City Baking Co.,
The
,mon
Ltd.—$1
Distribution—'.V!
payable Jan.
1943 were as follows: Jan. 30, $1: June
"and Dec. 28, 75 cents each.—-V. 157, p. 254.
/
.during
"
"
-
'
./,
'
Interstate Department Stores,
*
Private Financing
Brooklyn, N. Y.—Sells Stk.
nance
.
tlxe comPayments
30, $1.50; and Sept. 30
1 .
declared a dividend of $1 per share on
31 to holders of record Jan. 20.
directors have
stock,
-payment of 60 cents per share.
aggregated more, than 5% oversubscription.
President, stated that . the issue and over¬
subscription was interesting for the reason that this was t*e first
public offering of the capital stock of a title insurance company in
that area for
the past 15 or more years, and the demand for the
Henry
tqns
)
which
subscriptions
company
170,464 tons over 1942,-the
previous high mark.
It shipped 2,727,398 tons of finished steel, a now
high record and a gain of 116,674 tons for the ■■•at. h>y....
ye«ru—V-. 158'- p. 1938.
158,
has its principal office in Brooklyn, in
completed the sale-of 26,430 shares of new capital
The stock was offered to stockholders at par and
company,
December,
/
..
The
not
have
Title Guaranty Co.,
-
cash
of The exchange offer
liquidate
a
a
1942,
with
158, p. 672.
V.
Graham-Paige Motors Corp.-—Plan of Exchange—•!'
,
declared the usual semi-annual dividend of 60
capital stock, par $5, payable Feb. 1 to holders
Feb. 1 and Aug. 2, 1943, and on Feb. 2 and
the company paid an extra dividend of 20 cents per"
directors
per
1,
Aug.
"
.
;.«5>
share on the
record Jan. 15.
On
cents
Feb.
•
•
Gilchrist Co.—25-Cent Dividend—
stock,
to holders of
stock
common
1732.
Inc.—Initial Common Dividend—
10 .paid an initial dividend of 15 cepts per
''•'••
'
'
'
'
.
i
.
.' *
Inc.—Arranges $8,000,000
Preparing for Post-War and to Refi¬
Preferred—Company has announced
conclusion of
negotiations for $8,000,000 of private financing. The purpose of the financing is to prepare for expanded post¬
war opportunities in the retail field and at the same time
to
retire
have been
the
present
preferred
stock.- Arrangements
completed through Lehman
Brothers for the
Volume
159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number "4247
Lake Shore Mines, Ltd.—New President—
sale to the
Equitable Life Assurance Society of the U. S.
$3,000,000. of 3%% debentures due Nov; 1, 1958. Of
the proceeds, approximately $2,100,000 will be applied
to the redemption of the company's 7% preferred stock,
and the balance will be added to working capital for
of
general corporate purposes.
'
Albert
St.
Arrangements
Federal
2%
is
Bank
Reserve
per
fee
also have
one-half
Messrs.
in- these
of
York
New
of
1%
Sales
Sales
for
December
Period End. Dec. 31—
and
2363.
;
-
'
-
;^
The
directors
the
on
record
stock,
Feb. .15.
15, Oct. 8
declared
no
and Dec. 1,
Jan.
on
stock,
have
March
on
13
of
account
on
June
Income
.
accumulations-
Jack & Heintz, Inc., Cleveland, Ohio—Plant
Secretary
of
Commerce,
on
Plant
Defense
■
revenues
Operating
78,516
$104,993
65,863
$41,694
$39,129
$449,243
deductions—
':
$4,784,024;
of
50
cents
paid,
Dr$25,343,031;
total,
undis¬
$63,354,913.—'V.
158.
1
■
:
(&
in
was
1917
Lerner Stores Corp.—December Sales
1943—Month-r-1942
Sales
$10,268,326
—V.
Elided
Oct.
tons,
When
against
3,525,326
Up 5.5%—
.
1943—11 Mos.—1942
$9,734,342 $70,562,373 $60,372,447
158, p. 2470.
In
1940
Long
TV, < .•■v..7 77
32,265
$3,050,721
$2,008,272
./.T/Vu—.%';(■■'
15,507
tiV-
t2,583,697
250,000
been
6,203
.
989,050
378,857
3;;
150,000
City,
.(
associated
Ford
the Paramet
with
'■',
Paramet
•
Messrs. Rodgers, Feldtman
connected with the Plaskon division of
Libbey-Owons-
Co.
The
modified
-
N.
Glass
and Marshall are
*
641,324
$563,211
$1,061,265
,
Corp.,
Y., John D. Biggers, President of the LibbeyCo., stated:
( ;
"Paramet will maintain autonomy so far as
possible, operating aa
an adjunct of the Plaskon division of
Libbey-Owens-Ford Co.
Officers
of the new Paramet. corporation are James L.
Rodgers Jr., President;
Bernard W. Slater, Vice-President and General
Manager; C. Homer
Flynn, Vice-President and Sales Manager; W, R. Feldtman, Treasurer,
and C. O. Marshall,
Secretary.
Messrs. Slater and Flynn have long
$1,941,250
67,022
$2,356,030
Island
the purchase by the Faramet
Corp., a whollythe physical assets, patents and goodwill of the
whose plant is at 44th Ave.. and 11th St.,
of
Chemical
Owens-Ford
.•■■;;
57,546
with
subsidiary,
Paramet
1941
'V-c-j V-V;
connection
owned
31
12,066,785
reserve
1942.
Period End. Dec. 31—
on
17,501,736
inc./taxes
1943, producing one-^
4,092,675
was
produced.—V. 158, p. 674.
;•■('
*
share
per
in
tons were
Subs.)—Earnings—
Years
1942
<
production in 1943
Best previous record
Libbey-Owens-Ford Glass Co.—Plastics Acquisition—
Account,
'
commercial
3,057,855
*
■
$2,910,574
140,147
Net
income —
♦After
all
profits-tax
1"
$1,241,934
concern.
'■■.'■(*.1
y
'
corporation manufactures alkyd resins, phenolic resins,
phenolic
resins< and
ester
this
To
gums.
line
of
discounts
after
and
.
allowances,
post-war refund
tlncludes, $13,405
taxes,
1942,
also- $30,206 for
'//'/
of
flncludes $1,765,589
$197,885,
excess
for
also $54,657
profits
tax
in
Lowell Electric Light
excess
for
1941,
State
The
$327,166.
income
tax
in
1942.
corporation
certificates
counts
banks
in
fat
cost)
receivable
-
and
and
(less
on
the
1943
(and
"
hand, $2,534,327; U. S.\ Treasury ;•
interest, $3,505,803; notes and ac-'
accrued
for
reserves
on
»
.Consolidated-Balance Sheet, Oct: "31,1943
Assets—Cash
;
,.
State
'
$1,144,765
543,395
—_
in
in
doubtful
of
accounts
capital
paid
stock, par $25,
cents.—V.
a dividend of 55 centa per share
holders of record Jan. 7. Payments
to
follows: Jan.
50
13,
Corp.—Pays 55-Cent Dividend—
13
as
were
Oct.
Jan.
on
13, April 13 and July
158, p. 1349.
/ (
•
13, 65 cents each;
( T
:
V
■
.
McLellan Stores Co.—40-Cent Common Dividend—
$208,784),
A
$3,078,638; inventories (less valuation reserve, of $450,000), $4,054,034;
investments, $342,525; property, plant and (equipment (less reserve
for depreciation of $3,885,063),
$3,477,662; charges deferred to future
operations, 846,610; total, $17,039,599.
>,
$1,370,208•
894,608
$1,378,076
928,833
$120,211
-
dividends
income,
.
Total
16,401,337
incqme
1943—12 Mos.—1942
1943—Month—1942
Period Ended Nov. 30—
special
products
will be added the urea
formaldehyde resins made by Plaskon. Hitherto
$1,482,954
' $98'1,887 •
Plaskon has
sold
resins
to
the
paint and varnish trade; but the
543,395
563,521
603,772
combined list of products (of, Paramet and Plaskon will make
Shares capital stk. out-; ;■■ ?•:7?
possible
'■■./■vV.';: -\ ■%.•'%■■;• i; .■>v7>
•
■:(
an
appreciable expansion o'f -L-O-F volume in that industry.—V.
standing (par $5)—300.000
159,
241,509
241,509
268,343 '
p. no.
Earnings per share
■
$5,14
■"'■•/./..(
$4.74
$6.14
$3.66
> Jamaica Public Service Ltd, <& Subs.)—Earnings—.
Operating
and
ordinary
The company made a new production record in
third more coal than in 1942.
14.7%
1943—12 Mos.—1942
% '" %'%
(■,
dividend
a
etc. —21,218,404
Dividends. paid
Expanded
,
P.
$2,323,764
Jan.
Corporation.
W.
$4,018,084
;
a
Defense Plant Corporation, RFC .subsidiary, has
sition of additional machinery and equipment
.
goods; gentral-
Contingent
6 announced that
authorized the-acquifor Installation at a'
plant in Cuyahoga County, Ohio, at a cost of approximately $2,000,000. r
resulting
in
an
over-all
commitment
of-approximately $7,090,000.
Jack & Heintz, * Inc.,- will operate these
facilities, title remaining in
Jimes,
of
Prov. for Fed.
cumulative, preferred stock, series A;
IV
C,
/ all payable Jan, 20 to holders of record Dec. 31. Similar distributions
were made in each of the 34 preceding quarters.—V.
158, p. 1533%
-
Jesse
Dr.
$25,236,489 $18,725,101 $20,412,310 $14,608,035
—
see V. 158,,
'
of
Total income I
$4,075,630
Miscell,--deductions I—
Federal excise .'taxesLVtiV:
;
81'A cents per, share on the 6%% cumulative preferred stock, series
and 75 cents per share on the 6%' cumulative preferred stock, series
;
paid
Tire Corp.
&
.-■:-" Operating profit
Other income
Co.—Accrued Dividends
dividends
declared
of 87'/a cents per share on the 7%
10,
death
par
Rubber
expenses,
share
1 to holders oi
1943..! For record of 1942 payments,
'
■
directors
made
was
net
1473.
p.
$2,271,716 $29,343,950 $23,554,984
1943
Cost
per
tributed
Wright
Gas & Electric Co.—50-Cent Dividend—
company
'
•
cents
25
payable March
Iowa Electric Light & Power
The
of
dividend
a
value,
par
similar distribution
A
1938.
p.
il
Jan.
on
common
the
by
V.c
Consolidated
Intertype Corp.-—Distribution of 25 Cents—
.'
vacant
1943—Month—1942
>Nefr sales
■
left
$2,605,840
capital
Lee
Mos.%~1942 -X.
'
,
investments
On
William
Bryant, Inc.—December Sales Increased
$5,213,681 $38,914,563 $35,339,421 •
$5,368,820
p.
31
Dec.
1943—11
1943-Month—1942
V
Sales
158,
Ended
Months
and
$25, to holders of record Jan.- 7. Distributions
during. 1943 were as follows: Jan. 13, April 13 and July 13 50 cents
each and Oct. 13, 40 cents.—V.
158, p. 1348.
%(•( 7
11
President
p.* 1639.
—
The
the
■
158,
;<v( Lawrence
below
nor
credit, the commitment
Parker, Chapin & Flattau acted as counsel for the company
;''/■■(
positions
-r-V. 158, p. 2470.
annum.
per
transactions,: ■'■■
v
•—-V.
4%
above
not
but
fill
Period End. Dec. 31—
been completed
On the tmdsed portion of the
annum.
to
appointed
Lehigh Navigation Coal Co., Inc.—Record Output—
,'
,
has .been
Charles.—V.
Lane
with a group of New York
banks for
a
$5,000,000 revolving credit agreement to be in effect
until June 30, 1947, The interest rate on borrowings under this credit
is to be one-half of
1%
above the official rediscount rate of the
r
Wende
Treasurer,
as
217
dividend
stock,
of
payable
40 cents
Jan.
31
year were as follows:
111.;'■(• ((;' (■ (.■;: '
p.
•
Liabilities—Accounts payable, .$928,003; accrued
expenses and with¬
holding taxes payable, $765,083; provision: for Federal and State income
share has been declared
per
the
on
common
holders
to
of record Jan, .25.
Payments
40 cents; and Nov. 1, 20 cents.—V.
Jan. 30,
/(';i(:":.'(((\--( (■('(:T;
■■(•■■:•
'/(
last
159,
",;
/-■■
■
\
income, net brlL
Other
359
;>
income——
Gross
:(v;>' '' $33,002
income
Gross
Income
deductions-.
P. S.
(J.
(—
Balance
*-V. 159,
p. 8.
91,800
stockholders
first, six,
asset
.
Jones & Laughlin Steel Corp.-—Breaks Records—
;
1"
'
7
•
;
months
value
the
Lehman; President, in
the corporation's current
of
report
a
fiscal
covering
The
year.
the
of
corporation
Dec,
on
31,
1943,
;
period End Dec. 31— 7
Sales
'
■were
1943—12 Mos.—1942
1943—Month—1942
$30,195,948 $30,784,678 $205,967,910 $199,086,209
„
in
Stores
operation
in
December,
Canadian which compares with
own
in 1942, inch the same number of Canadian stores.—V.
■■•%;■:' ;(;::('■
158; p. 2363.
,(
in
(S. II.) Kress & Co.—December Sales Off 1.3%—
Period End. Dec. 31—
•
Sales(.iLL—-.—
—V.
158,
_
Ended
.
Jan.
•
32,922,985
-
The
1,'44
Jan.
weeks
ended
2,
Lehman
under
the
Internal
appreciation
were
all
on
the*
Revenue
Years
less
etc.,
Interest
miscell,
income
On
Cash
S.
Dividends, paid
■
bonds___
:
in
Nov. 1, '41
$1,006,277
Nov. 2, '40
securities
873,397 '
914,871
6,485
11255,621
856,079
3,846
$12,494
Provision
(
■--——
67,873
.
(:.(.
68,598
$1.41
Balance
lories,
ness,
.
property,
plant
and
equipment
1942 and $20,578 in
Sheet, Oct. 31, 1943
Assets—Cash
notes,
on
(after
custody
of
28,938
allowance
•
Dec.
,((.2), Taxable
dividend .dates.
dividends
in banks and on hand; $345,136; U. S.
Treasury tax
reserves of $45,830), 8818,484; inven-..;
$979,540; expenditures in connection with spring, 1944; busi- (
$32,994; supplies, prepaid insurance; commissions, etc., $67,600; "
■
paid
net
unrealized
other
$41,614;
,
(
;
,
local
taxes, $28,115; accrued Federal and State social security, and,
tmeinployment benefits taxes,
$20,204;
accrued employees' Federal
withholding
taxes,. $26,768;, provision
for
Federal; income-taxes,
$340(000; capital .stock, (par $5.), $360,000;( paid-in surplus; $l,142;246;
.
.
surplus';: $781,111 /(^ treasury
- common
cbst), Dr$68;635; total," $2;962,410.—V. 157,
-
p.
stock
165.
:
(6/733 ■ 'shares vat'
-
in
dividends
securities
have
Sheet, Dec. 31, 3943
$1,120,634;
and
been
taken
into
receivable
interest
'
and
1944,
'
for
accrued,
,
•
»
The
intention
to
oust
directors state
William
the
that
his conduct
Maguire and
G.
charges
of The
in
Delaware
and
have
does
not-
Winslow
contain
to
claim
with
instrumental
attempt
submit
the
that
by
"insti¬
in
oust
to
in
Mokan
forming
the
Van
appeal
•;
Hubert
are
Mellor,
for
E.
John
Vanter.
de
a
manage¬
'
proxies,
Howard,
Perry,
R.
The
letter
but
to
requests
opposition
plan
a
until the management has.
for the liquidation of Mokan
:
'
,
none
exception
B.
an
from The
preparing.
now
to
signing the letter
Main, Geoffrey R.
E,
withheld
opportunity
is
been
now
committee*
control of Mokan."
directors
directors
record
York
New
of
of
the
Mr.
/
•
of 'the
members
stockholders*
Dixon,
of Brokaw, Dixon &
been identified with Mokan; that J. Walter
President of the Security Trust Co., Wil¬
ever
or -
Panhandle
that
own
William;
no
stock
Eastern,
common
;
sol'd,
securities
$198,027;
U.
S.
real
stock, and at least the same percentage of class B stock of
company."
This-, the directors add, "should assure the stock¬
holders, that the undersigned are vitally
interested in
conducting
your
:
■
Government, obligations, $5,821,480; other securities,
$55,904,151;
estate investments, $130,501; miscellaneous investments and
Liabilities—-Dividend: payable
Charge
being ' associated in the
practice of law with Mr. Hand, whose holdings of Mokaji B stock ar©
represented by the committee;
:
^
'■■■
•
Emphasis is given the point that the 210,00 shares of Mokan B
stock owned or
represented by the stockholders' committee,
which
the
directors
are
"reasonably certain represents only a nominal
amount of common stock," is
entitled to receive % of 1%
of the
assets
of the company in
liquidation, or approximately $100,000 at
present market value, whereas "the undersigned directors; and Mr.
Maguire, either own or personally represent at least 25%
of the
ex-
advances*
_
an
of
in¬
the
on
$138,505; total, $63,354,913,
,,
Directors
—
Taylor, Assistant to the
mington,. Del., ..owns no stock of record in Mokan; "and
Allen, committee counsel, and his son, Thomas H. Allen,
>- (
(•
receivable,
Co.
announced
directors
men
McKee, has heretofore
appreciation
the market value of such securities
banks,
•
Line
against Mr.
and
Charles
be
committee
but without any
taxes
■■.••
Balance
Assets—Cash
$128,645; employees' deposits on U. S.
savings bonds, $17,547; accrued salaries; wages and commissions, '
$115,569/ accrued advertising expense, $70,840; accrued State and
15,
Parish, La., making a total commit¬
to a report from Washington, D. C.
Mokan.
Tringhani and
these
The
investments for the six months
The
investment -company" for The fiscal year ending June
30,
will distribute substantially all of its net
ordinary income.
Liabilities—Accounts payable,
C.
which it
and
.
war
secure
Letts,
had
$1,324,736 ' $1,600,334
(3) No provision has been made for Federal income tax on net
ordinary dncome, as it is reasonably'certain, unless conditions change
materially,, that,the corporation will elect to be taxed as a "regulated
investment, $3,150; property, plant and equipment .(less re-/
depreciation (of $532,858), $365,490;" trade-marks and good-''
will, $1; total, $2,962,410.
as
Oct.
.;(■(; ':(.■:(•."■!
favorably
These
Mokan
L.
that
31,624
.
for
and
■
,
on
State and
in
officers
stockholders
31,
come; the basis being
'
cents each;
30
were
Logan, Richard B. Hand and A, Faison Dixon were
because their unwarranted demands had not been
upon.
The
30,000
,
the
of
committee
to
'■
80,000
Pipe
with
President
its
William
"29,769
securities, insurance,.-legal," auditing'
,;••■•'.*■,
-:-J.'(,/''(. ;,(;
for certain
■
25,794
tax
',.(v(\,y.-.v ( ;..(((:/
an
;•.
thereon) of the corporation's assets
1943, based on market quotations, or, in the absence'of
market quotations,;on fair value in the
opinion of the directors, was
approximately $11,432,700,
The net unrealized appreciation on June 30,
1943, computed on .the same, basis, was approximately $11,723,873.
1
•
$3So,016; receivables (less
earned"
income
15,
1943
(•:;
Calcasieu
'stockholders'
Ira
allowance for Federal income'tax
sundry
serves
Federal
July
account
on
during
Misleading Statements—
ment and
33,613
34.439
ordinary, income—$1,370,976
"Transfer,
on
1943.
/:
»„_(
expenses
and
according
so-called
-J
59,610
15
declared
stock, par $2, payable
and Panhandle Eastern
Pipe Line, which it controls,
only misleading, but untrue.
charge that iaw suits filed against Mokan and cer¬
of
acted
3,300
j.
'
recently
was
directors
tuted only
142,850
-
organized
as
Arthur G.
$1,871,490
stock,
taxes
April
plant in
a
by-the
The
97,826
27,668
,
15,
share
per
the $2 cumulative preferred
record Jan, 8.
Payments
of
$51,000,000,
was
not
are
1,737,518
18,394
"( 62,500
■
Notes—(1) The net realized profit
Dec. 31,-1943, was $517,706.
and $2,000 for declared value excess profits tax.,
for prior years and $155,000 for excess profits taxes.
adjustment applicable to prior years of $3,672; also includes,.
$143,000 for excess profits tax.
depreciation
-..
for
capital
cents
on
affairs of Mokan
were
v.
of
made
$17,7-51,
-
107,006
7,200
,
Jan
Maguire
1941
79,902
8,900
ended
prior year,
Klncludes $1,621
$20,245 in 1941,. $20,576 in
.
Net
reports.
$0.84
:
90,537
;
29,648
franchise,
Miscellaneous
$57,501
'(■:;
$95,700
That
((•(-.yLL--■
3,620
30
'|:(. Seven, directors of the company in a special letter mailed Jan. 9 to
stockholders, make" a slashing attack on the stockholders' committeo
tain
1942
,651,109 ; $4,606,843
■
:
miscellaneous!
5,705
§33,334
$209,833
$216,827
65,447 ,'/
67,747
-• 72,000
72,000
$3.21
$3.30
for
they
' $21,544 ..'.(
(
of
holders
Missouri-Kansas
,
■
14,414
♦Registration
♦♦After
for
-
1,490,983
loaned
compensation (v
'
that
extent
3,084
;
Management
$931,776
for
Note—Provision
the
to
Committee With
circumstances,
1,557,870
securities
Directors', fees
income
amounted to
to
55,294
..__^L_(
dividends
on
gains
Salaries (:
„
deducting all! discounts and cost of sales,
tAfter miscellane-;
of $5,612.
tlncludes $994 for prior years.
^Including $826
♦After
ous
stk; (par $5)
per
share—
:'
1
the
in ;which realized,
(.;■'■/;-((/;;
,,;((;:'
1943
obligations
$31,242
dividends
Premium
Prov.
244
*"'256.328
taxes
Under
■.
Government
other
.
Taxable
:((. %
T849.561
;
■
Earnings
$1,393,803
,■•,„
inc.
profit for year--
Shrs. cap.
Oct. 31, '42
$1,315,966
.
exps.,
gen.
expense
Federal
Net
Oct. 31, '43
Ended—,
profit
Admin; and
Code.
.
159, p. 10.
no
-
Account, Six Months Ended Dec; 31
earned—'■,
U.
taxable
years
Total... income—
'
—V.
unrealized appreciation of the corpo¬
on
'
(B.) Kuppenheimer & Co., Inc.—Earnings—
ment
(; ('::
that
(
1534.
p.
Mathieson Alkali Works (Inc.)—Adds to Facilities—
t
Income
On
Dean, Witter & Co., San Francisco, recently offered at;,
100 and interest $350,000 sinking fund 5V2% debentures•
due 1953.
Proceeds will be used for expansion purposes, :
♦Gross
stockholders
,
The Defense Plant Corporation has authorized
$900,000 for additional
realized, aince the corporation would be relieved of
.
..
'•;'/
•('
letter., to
15
facilities at
pointed out, it is impracticable to estimate the amount of
Federal. income tax, if any, that would be payable if the unrealized
Creamery Co. of Calif;— Bonds Offered—
—V. 157, p. 1181.
1929.; (./.(-':'
his
in
dividend
follows:
of $1,295,934 of securities; exclusive
24,
■
$1.05 Distribution—
35 cents.—V. 158, p. 2048.
Mr. Lehman
41,149,884 421,648,649 383,847,338 /
.
2,
out
for Federal income tax
Interest
Knudsen
pointed
stores in operation during the four Weeks ■ (such.tax liability
was 3,007, compared with 3,212 during the five r;
distributed during
1943.—V. 158, p. 2471.
" '
*
1944,
Jan.
the; corporation on Sept.
pany"
Jan. 2,'43
Jan. 1,'44
number of
average
ended
Jan. 2,'43
purchase, on balance,
He
^
changes resulted
ration's-portfolio has been deducted from the net asset values which
appear in the Dec. 31 report.
He stated that unless .conditions change
materially it is reasonably certain that the corporation will elect to be.
taxed for the current iiscnl year as a "regulated investment com¬
53 Weeks ;
.
Period—
Sales'
of
reserve
'
A
current
Mr..
2363.
p.
Kroger Grocery & Biking Co.—Sales—
:3/3'(T'T: (%'//:■' 4 Weeks ■'%/' 5 Weeks
52 Weeks (
/
Ended
Ended
Ended
'
tion
18,399,193 124,021,970 116,958,589
.18,160,575
net
and
Rationing
•;
cents; July 14, $1.05; and Oct", 15, $1,—V. 158,
Jan.
:■.v';:".(;•■(;:
■(• ,(■-■( ■;;((
report shows that each presently outstanding share, of,
Lehman Corp. stock has received $17.56 in dividends Since the forma¬
1943—12 Mos.—1942
1943—Month—194,2
,
the
The
::.";(.
Tire
on
of accumulations
of-Government, bonds.
;■
Truck
Massachusetts Power & Light Associates—30-Cent Div.
„
:■;(:-;((,((('
•
During the past, quarter the corporation's portfolio
158, p. 2192.
Central
j Maiden Electric Co.^—Makes
•80
the, corporation's holdings had a market value of $12,122,937.
The
next largest holdings were in the public
utility securities with a market
value of $11,506,599, followed by securities of
merchandising companies
with a value of $7,504,725.
'■"
■
1943, totaled 716, of. which 62
a total of 731 in the same month
the
of
The directors recently declared, a dividend of
$1.05 per share oh
the capital stock, par $25, payable Jan. 14 to holders of
record Jan, 7.
Disbursements during 1943 were as follows: Jan.
.14, $1.15; April 14,
The
(S. S.) Kresge Co.—December Sales Off 1.9%—
member
,
were
just completed the corporation repurchased 12,400 shares of
stock for retirement, at an average price of $29.35.
v :
report shows that of the $67,603,4.34 market value of securities,
( exclusive of U. S. Government bonds, held on Dec. 31, 1943, the largest
■f. single concentration of investment was in the oil industry in which
( its
committee
a
April 29, 1943, Regular quarterly ■(.
distributions of 25 cents per share were also made last
year on Feb. 15,
May 14, Aug. 16 and Nov. 15.—V. 157, p. 1847.
; (».,(V
'
■
quarter
•
Mack-Inter¬
company on Jan. 6 paid an extra
dividend of 25 cents per
the common stock, no par value, to holders of record Jan:
3.
An extra of like, amount was
paid on
$74,947,613;
cash, receivables/ and Government bonds amounted, to $7,188,173, or
9.6%
of; gross assets; common- stocks, 76.3% | preferred stocks and
bonds, other than Governments, 13.9% of gross assets.
During the
/
is
share
the
assets
of
The
the
net
$29.54
was
end of
Gross
Operating ,at 102% of capacity for 1943 to produce a record ton¬
nage of steel for war, this corporation on Dec, 31 announced its works
at Pittsburgh; Aliquippa
and McKeesport, Pa., and the Otis Works,
Cleveland, Ohio, broke 598 production records during the year.—
p. "1733.. 7/
Robert
Vice-President
as
Macmillan Co.—Pays Extra Dividend—
31, 1943, and a steady
past (year was announced to
cm
Dec. 31, 1912.
The comparable figure as
corporation's last fiscal year on June 30, 1943, was
$37 35; and on Sept. 30, 1943, was $37.51
'
158,
by
and
capacity
Board of OPA.—V.
Dec.
on
Rowold
Corp. has been announced by F. F. Stanisford,
joined the: Mack organization in 1919 in a
later became Executive Assistant to {he Presi¬
Rowold
He was placed in charge of national account sales in
1939,
Vice-President will continue as head of national accounts.
as
A net asset value per share of $37.71
to
this value throughout, the
of
V.
clerical
Henry
Truck
Mr.
Subsidiary
dent.
110.
p.
of
Motor
President.-
capital.surplus, .$5,364,384; surplus, $5,238,751; reacquired
stock—58,491 shares, at cost, Dr$820,437; total, $17,039,599.—
159,
-(increase
$94,119
.
*
'
;' t
•
$56,245
■
national
; Lehman Corporation—Reports Share Asset Value Gain
'
91,223
;
Appointment
tax, $2,805,104; reserve for workmen's
also
$277,142
,
(((
91,800
,
V.
.101,951
94,632
Co., Ltd.)-—
S„ Ltd.)
P.
profits
$1,500,000;
.capital
$379,094
'$242,677
$22,729
$24,689
(J.
excess
( Mack Trucks, Inc.—New Vice-President of
compensation'-insurance, $142,432; miscell. reserves for claims,x etc,,
$116,279; reserve for contingencies, $1,000,000; capital stock (par $5),
90;ooo
103.2Q5
8,754
..taxes and Federal
$469,094
..
$345,883;%
$31,484
8,313
Net income
•
(
6,505
$445,049
99,166
7,500
8,333
accruals-
res.
$475(599
4,193.
.
$38,984
•.$41,335
-
Retir,
145
:■:■.
.■
:
'
Mokan
not
of
realized
loss
the
their
benefit
own
meetings
of
its
stockholders,
investments
and
pursuing policies
the
wrhich
and
that
investments
are
not
they will
thos^
of
for
the
best
which
all
the
stockholders, or by making payments to Mr.
Maguire or anyone else, which are not entirely proper."
Referring to the letter addressed Dec, 27, 1943, by the stockholders*
committee
to
Mokan
stockholders,
assailing the management and
soliciting proxies for the annual meeting and all other stockholders'
may
be held during 1944, the directors say their
reply is made "since the attack is directed principally against Mr.
Maguire, whose able and aggressive leadership is primarily responsible
for the success of your
company."—V. 159, p. 10.
7,
1944; $490,594; payable for
securities "purchased, $14.7,016; reserve for accrued expenses and
taxes,
'$182,479;^capital (stock ($1 par), $1,982,377: capital surplus, $81,net
for
represent by
interests
Jan.
671,927;"treasury'stock (20,900 shares), Dr$560,474;
affairs
jeopardize
•whom they
Montana Power Go.—Bonds Called for Payment—
The company has called for redemption
of
as
of Feb. 10.
$464,000 of first and refunding mortgage 3?*%
bonds
1944,
due
a
total
Dec.
1»
218
to
be made at the Guaranty
New York, N, Y.
'' '; " ' ; V ■';' ■,.;.; A!A
. vv /
196G, at 102% and interest.
Payment will
Trust
Co.,
corporate trustee,
140 Broadway*
V.
10.
159, p.
';
-
—V.
158,
p.
—V.
on i Jan, 10 announced that $93,611 is
fund for the purchase on Jan. 31 of its
Offers of class A shares will be received up to Jan. 20
Trust Co., 16 Wall St., New York, N. Y., or at The
Bank of Boston, 45 Milk St.; Boston, Mass,, transfer
chase will be made at the lowest offering prices,
$75 a share.—V. 158, p. 2583.
••
'I'AAA';>;V
The
company
First ^National
agents.
*
but not to exceed
A:' A/A
England Fund—Declared
declared the usual quarterly dividend
'year
Jan. 7 declared a
stock, • no par value,
•-''A A;
ago.
Co.—Fire. Damages
Morton Salt
'"■>':■.>!>.A'A-A
■
damage
amount to $3,500,000.
1
/
Mr. Philbrick said the blaze,
causing
December Output Up
;
.
.
159,
its territory for the week ended Jan. 1, 1944, as 61,098,879, compared
with 59,581,091 for the week ended Jan. 2, 1943, an increase of 2.55%.
A Comparable figure for the week ended Dec, 25, 1943, was 61,295,019,
an
increase
of
8.77%
over
the corresponding week last year.—
v.
V,
record
."there
Operating
revenues
Uncollect,
revenue
oper.
1943—Month—1942
$8,552,664 $7,854,884
10,606
8,768
The
(G. C.) Murphy
A
Co.—December Sales Off
Sales
'*
December,>-1943, the- company had
from the same month in the
During
unchanged
Operating
in operation 207 stores, •
preceding year.—V. 158,
Net
America—New Vice-President—
and
a
'
T^e
directors have
per-share on the
of record Jan.
1, May 1 and Aug. 2,
1
$0.25:
'
Gross
directors
Profit
$667,808
$734,409
202,104
226,730
:
91,292
8,743
Federal
'
•
V
1
-
Northwest Engineering
; ;
~
directors
The
the
the year
15.
Jan.
Dividends
.'Surplus
AiAAAAAAAAAAiAA;
'
19,676,385= 233,101,442.
43,308.
466,076
"*H
ihA
:
—
19,633,077 232,635,366
12,799*534 145,056,214
4,296,922 56,025,781
income-,-
oper.
2,536,621'
2,804,302
>
1,986,556
!i, 2,297,608
75,960
"Gross
,
215,735,190
139,962,128
47,491,791
sales,--
31,553;371"t28,28r,271
26,268,235 22,861,979
i:
$75,776
$37,168
cash on hand, $238,858; cer¬
bank, $30,000; U, S. securities, $210,000; accounts
accounts of $13,433), $126,324;
'accrued interest receivable, $1,056; inventories, $176,018; prepaid ex¬
Assets—Demand deposits in bank and
(less
allowance for doubtful
insurance, taxes, etc.; $12,203; post-war refund of:
Federal excess profits tax, $26,081; cash value of life insurance* $4,977;
plant and equipment (net), $238,390! patents (less amortization), $545;.:..
deferred commission and expenses for sale of capital stock (balance
•being amortized at $3,494 per annum), $10,482; total, $1,074,933.
penses,
-
20, 1943, the company
preferred stock dnd 60 cents
—V. 158, p. 1352.
supplies,
Liabilities—Accounts
payable,
$33,996;
Federal
.
income
July
and excess
dividend
$1.25
of
per
share
has
been
Distribution—
declared
on
'
25
:
••
National Powet & Light Co.—Files
.SEC—
;
Fed*
taxes
Other
in
Birmingham
Connection
to
with., such
facilitate
surrender
stated
value
of
the
'
5,627
$36,000
contingencies
10,000
Int.
—V.
54,992
334,767
942,593
8,335
16,254
291,631
208,694
$49,843
$531,443
$519,234
577
106
4,412
on
■
•
•'
20,459
50,000
52,629
stock
preferred
'
$0,65
-A™
■
—AAA-—$162,166 '
on
-
,
' A—A'—
;•
'
$89,072
$142,351
34,588
'
$0.55
,
.
.Li
'
$0.29
tin-
of $23,676 in 1943, $19,213 in 1942, and $63,411 in
1941 for doubtful accounts and notes,
fIncludes $322,000 in 1943 and
$200,000 in 1942 for excess profits tax, less post-war credit of $32,200
provision
'
no provision for excess profits tax re¬
; Ay;/':r'-AA'A.;'
Note—Provision for depreciation of fixed assets included in cost of
sales and expenses: 1943, $56,158; 1942, $53,071; 1941, $53,780.
' '
and
in
$8,000
quired in 1941.
1942;
;
Balance Sheet,
Sept. 3», 1943
Assets—Cash, $443,456!; notes and
and accounts receivable .(less
reserve
.
/;j-
.
4
acceptances receivable (trade)
of $137,209), $714,805; inven¬
$702,246; post-war U. S. excess profits tax credits, $35,216;
nominal value), $1; property, plant and equipment (less
for
depreciation of $379,154), $337,265; deferred charges,
$535', 856
17,891
195,254
155,374
1.987
2,911
28,792
cumulative
earned
$298,258
Insurance
■
$29,147
Co. of Hartford — Refuses
Action Brought by Roger W.
Babson—
A"
.
committee,
Charles
holders
for
the
•
consisting
.
..
u
Telephone Co.—Earnings—
1943—11 Mos.—1942
1943—Month—1942
Period End, Nov. 30—
Operating
$94,228
revenues— |
Operating
.116
rev.-
oper;
Operating
expenses—
Operating
taxes
of Roger-W. Babson,
annual meeting to be
held on
•
:
^
Roger O. Clapp and
purpose of keeping stock¬
affairs; is seeking proxies
March 7. On June 13 last, the
Robinson, Jr., formed for the
informed regarding the company's
H.
...
income
—V.
158, p. 2473.
Oil
v--—-
1,089
$896,187
.
56,153
50,279
619,400
21', 671
12,668
204,624
140,105
$16,288
10,313
$22,759
$172,504
$194,814
133,953
:
'•
;
Ventures
1,247
$996,528.
106
$85,706
.
•
oper; income A—
Net
Corp;
■
—
upon
Securities
561,268
108,324
19,015
,
„■
•••".
A.
...
Registration Statement With¬
drawn—
The
$897,276
$997,77$
$85,812
$94,112
revenues-
158, p. 2584.
Northeastern
A
of 20
.
28,024
$290,133
".A"'
cents'per share has been declared on the common
stock, no par value, payable March 1 to holders of record Feb. 15.
Similar payments were made on Feb. 1 and Sept. 15, last year! the
first since 1926.—V. 158, p. 293,
,
A ;-
Uncollectible
(excl.
Stockholders' List—Court
.
preferred
20-Cent Dividend—..
A dividend
Net
(1) that National will surrender 254,290 shares of the com- •
of Birmingham to facilitate a subsequent distribution of
common,
stock of Birmingham, to the common. stockholders - of"
..National; (2) that in connection with such surrender the stated value
of the.common stock be reduced $2,818,641 instead of $2,962,400; (3)
rthat the reserve for- property retirement be increased $2,950,000 in- stead of $3,298,451; and (4) that plant account be reduced $2,187,667
for post-war contingencies, $60,000;
stock, (par $50),. $438,200,; common stock
shares), $202,230; capital surplus,l$271:,627;
surplus;, $367,887; total, $2,252,462.' •
■ -r : : ■ A- .
contingencies, $55,000; reserve
38,713
21,675
,
accrued
(outstanding 202,230 no par
'
stock
total, $2,252,462,
Liabilities—Accounts payable,
$32,214;
$520,370
$49,949
$62,830 •'
3s—
income
■ - :"('• :'A;' '
''
$499,949; accrued salaries and wages,
commissions, $13,271; accrued taxes, . less $200,000
U. S. .Treasury -tax notes (at . cost), ' $243,929; - miscellaneous accrued
accounts, $9,416; reserve for
sales warranties, $58,739; reserve for
$16,473;
Ohio Associated
16,161
deducts,
interest
reserves
1,136
increased
•>
for post-war
' profit '
eludes
7%:
$62,253
income
income
$44,681
provide:
>the
'
common -
•
mon
Net
tax
,
income
$1,967,231 to remove excess over "book system, cost", therefrom.
The foregoing proposals by National and : Birmingham as amended
reduced
profs.
exc.
taxes
Income
-
be
&
—
———
Depreciation
.
$2,962,400;. (3) that the reserve for, property retire$3,298,451; and (4) that plant account be reduced
stock be
ment
Dividend
1943—Month—1942 -1943—12 Mos.—1942
$2,504,900
$4,102,238
$263,547
$365,454
1,140,157
1,729,120
114,065
155,304
302,047
607,450
28,391
61,762
:
a
the
revenues
the'.$E(i an
Thfe original
subsequent' distribution" of such
common
stock to the common stockholders of National ^application
by National to make such distribution is not included herein); (2) that
of
4.866,
601
tories,
77,800
Other
applications and declarations, among other things, propbse<5i?i(i) that
National surrender an unspecified number of shares of the "common
stock
inc.
Oper.
Company and Birmingham Electric Co. have filed with
to their joint applications and declarations.
5%%
stock.
(& Subs.)—Earnings— *
Period Ended Nov, 30—
Maintenance
j, y;". * ;V (I X,:l'
Amendment with
amendment
/
$130,698
$288,000
in 1943
8.
Operating
Operation
the -common
--V
•'
3,303 A;/..
$480,951
:^A?Less';•'diMouhts,.returns,'.:.freight,.'ai^bwances, and excise taxes,'
,
Corp.—Accrued Divs.—
Lighting Properties—40-Cent
North Texas Co.
;
payable Jan. 27
;•
401,705
$125,832
2,356
$556,657
Earnings per common, share—
have declared a dividend of . 40 certts per > share on
stock, no par value,, payable Jan. 15 to holders of record
Payments in , 1943 were as follows: Jan. 15, 40 Cents; Anrll 15,
cents; and July 15 and Oct. 15, 40 cents:*each.—-V,.158, p...2050,;; ;
Jan.
to-holders of record Jan. 20.
Payments last
year were as follows:
Jan. 8, $2; and April 15, July 12 'and Oct;v 11,
••$1 each.—V. 158, p. 1281.
.,;
...;
^u,y.
stock,
■
232
Dividends
the common
taxes,
Naumkeag Steam Cotton Co.—$1.25
383,782
$554,301
363.800
V
directors
The
taxes,. $274,963;.. .accrued expenses, commissions, salaries and
etc., $72,622;+ reserve for warranty, $8,.0p0;. employe.es''<
"deposits for U. S. war savings bonds, $1,018; dividend notes, $i39:
capital stock ($1 par),, $380,000; earned surplus, $304,594; treasury
stock (200 shares), $400; total, $1,074,933.—V. 158, p. 292.-■
yy y
A
3,337,315
real estate (at
North Boston
profits
.wages,:
$3,864,853
for
Provision
a
paid 55 cents per share- on the
per share on the 6% preferred
1941
:
estimated U. S. in■:
come and excess profits taxes——
Provision for tax contingencies
dividend of 68% cents per share on
the 5Vz%: cumulative preferred stock and one of 75 cents per share
on
the 6% cumulative preferred stock, both on account of accumula¬
tions, payable Jan, 20 to holders of record Jan. 10.
Similar distribu¬
tions were made on Oct. 20, last year, while on Jan. 20, April 20 and
tificates of deposit,
receivable
Investment
directors have declared
The
record
May 1,
on Dec.
p. 2137.
$477,648
425,635
expenses..
operations......—
Profit ftort)
Other 'indome
Other; deductions
North American
income account.'
.
>
!.;.VBalance Sheet, Oct. 31, 1943 1
'
admin,
&
*
Total; income
Niagara Falls Power Co.—Petitions Commission—
J. Machoid, President of Niagara Hudson Power Corp;, parent
of The Niagara Falls Power Co., has announced that the
latter company on Jan.
11 petitioned the New York Public Service
Commission for consent to reduce its capital stock from $35,575,565
to $21,077,796.89.
The purpose of the petition is to enable the com¬
pany
to charge against capital surplus $14,497,768.11 in connection
with the write-off of book cost of property previously ordered by the
Federal Power Commission.—V. 159, p. 112.
_
.
>
aggregating $20,712 in 1943,
$22,001 in 1942, and for amortization of emergency facilities aggregat¬
ing $9,044 in 1943 and $1,620 in 1942 are deducted in the above
1942
$4,003,471
3,142,041
5,004,928
sales
of
tSelling,. gen.
'
Earle
79,770
1943
$5,984,863
Years Ended Sept. 30—
:
A—-.-a.-
depreciation
for
Note—Allowances
25 cents per share on
dividend of
Norwalk Tire & Rubber Co.
:
216,317,170
581,980
Provision
$155,546
.'
Co.—Smaller Distribution—
a
2 and Nov. 1, last year, and, in addition, the company
15, 1943, paid an extra dividend of 50 cents per share.—V. 156,
159, p. 11.
—V.
Cr4,252
$113,128
.
declared
have
stock, no par value, payable Feb. 1 to holders, of
Distributions of 50 cents each were made on Feb. 1,
common
company
Net .income for
with 40,042,000 kwh. for the
increase of 3.8% .—V. 159, p. 112.
corresponding week last year, an
>
1943—11 Mos—1942 t
!' ' • / r,V '.v.- 'r
>'
21,868,895
/ 38,088
revenue
income
Net
80,854
611
' > • '■
...
Operating revenues...
21,830,807
Operating expenses
1 13,990,503
Operating taxes
f_ • 5,036,002
186,786
Cr21,814
.
totaled
Co.—Earnings
Cost
13,583
16,267
56,820
218,143
:taxAAAAAA^-^AA
income
profits; tax„AAAAA AA*A-AAdjustment of taxes for prior years
Post-war refund of excess profits tax
Excess.
Definitive
output of this company for
41,547,000 kwh., as compared
Electric
ii;
v ;
1943—Month—1942
r;.,
revenues
Uncollect, oper.
5,410
$383,155
AAAA
deductionsyAiAuAA AA AA
Totalincome
"y
;
•
(
Operating
$432,518
,
'•*
;
V $427,107
,
—
(Del.)—Weekly Output—
the week ended Jan. 8, ,1944,
Northern States Power Co.
158, p. 2584.
Telephone Co.—Earnings—
Period End. Nov. 30— if
80,571
$374,412
;
RR.—Carloadings—
>
$0.66
3hare_
Co.
Definitive first mortgage 3V»% bonds, series C, due 1973, are
ready for delivery in exchange for temporary bonds, at the Chase
National Bank of the City of New York, 11 Broad St., New York, N. Y.#
and at Harris Trust & Savings Bank, Chicago, 111.—V. 158, p. 1736.
1943—3 Mos.—1942
$122,037
.
com.
per
New York
1942
1,190,935
income.
Other
'
Service
/
~
Aug.
$1,925,344
operations_ij;wc^-j«;^„£^-;.
from
'
y
1943—12 Mos.—«1942.
$158,033
$518,726
$563,556 :
$0.8^5.$2.79
$3.04
.J
"Final audited ^figure,- tAfter all charges, ^including. allowance for
all Federal taxes.r—V. 1548, pY 2364^
profit
Net
'
a
Public
Indiana
Bonds Ready—
;
,
1,148,655
expenses^
Administrative and
Other
3 declared
Jan.
on
Northern
Distribution—
Honduras Rosario Mining
Period End. Deb; 31—
Earns,
,
.$1,816,463
._AAAA..A--A-AAAA
A--AA
general' expenses!.-^.
profit'
New York Chicago & St. Louis
Chesapeake & Ohio Ry;, above.—V,
tNet
: ?v$0.33
1943
.
allowances.,;..—
sales'
Selling
$84,531,119
56,839,586
13,934,704
11
See
:
-
dividend of 25 cents per share;
on
the common stock, no par value, and the regular quarterly divi¬
dend of 37'/2 cents per -share on the $1,50 convertible preferred stock,
no
par
value, both payable Feb. 1 to holders of record Jan. 15.
Regular distributions of 25 cents each were made on the common
stock on Feb, 1, May 1, Aug. 2 and Nov. l, last year,! ard in additionthe company paid an extra dividend of 30 cents per share on that
issue on Dec. 15, 1943.—V. 158, p. 2256.
■
$1,263,364 $13,996,925 $13,756,829
788,470
8,797,609 A 8,636,685
Brake Co.—50-Cent
Jan.
on
Welding Machines Co.—Earnings-r
31—
net of returns and
of
Cost
directors
New York &
shares.—V. 159, p. Ill,
National Electric
Year Ended Oct.
Sales,
•
" k 1943
' ' 1942
$68,312 y $90,120
•
"Earnings
-
; .> >
Inc.—Earnings-*
Ended Nov. 30—
" " "
Net income after charges and1 taxes^Jvi--."-—^
5 Mos.
"On 270,000 common
796,789
....j'V1'
111.—Dividends—
Northern Illinois Corp., De Kalb,
111.
p.
■
;■ -r'
York has been ap¬
stock, no par valuer;=
"
112,521
•
the City of New
Bank of
National
registrar for the-$4 preferred
pointed
payable Feb. 1 to holders
Payments during 1943 were as follows; Feb.
25 cents each;-and Oct, 30, $1.25.—V. 159; p. 11,
22.
National Airlines,
$1,051,223
income—
$7,846,116 $92,526,550
5,185,274 62,271,485
1,397,478
16,258,140
=-'
has been appointed
the $4 prior preferred, $2 preferred,
agent in Jersey City for
The- Chase
Co.—Earnings—
1943—11 Mos.—1942 A
$92,625,954 $84,643,640
declared a dividend of 50 cents per share
on
the common stock, no par value; payable March 1 to holders of
record Feb. 10.
Similar distributions were made on this issue on
March 1, June 1, Sept. 1 and Dec. 1, last year, and on Feb. 2, May 1,
Aug, 1 and Nov. 2, 1942.—V. 158, p. 1536.
declared-a dividend of 25 cents
stock, no par value,
common
1,619,569
oper.
159,
The
Dividend—
Co.—25-Cent Common
Nashua Mfg.
5,871,266
New York Air
operations
been elected Vice-President in charge of
membef of the board of directors.—V. 158, p. 2583,'
C. Gould has
;vAA
expenses
income
Net
—V.
Mi\rray CJorp; of
H.
$8,542,058
revenues,^
taxes 'AAA-:
Operating
Operating
2364.
p.
■,
6.22%—
1943—Month—1942
1943—12 Mos.—1942
A-^'_-~——A—; $11,505,306 $12,268,847 $82,078,319 $76,987,255
Period End; Dec. 31—
'.ff
■-
i^.''
Bank of Jersey City (N.-'J.)
National
First
transfer
The
r
;
and' common^ stocks.
99,404
J.
to
directors
1\
Telephone & Telegraph
Period End. Nov. 30—
3.
of
meeting
a
Northeastern Water Co.—Transfer Agent, Etc.—
i;
•
,
New England
>
111.
11.
159, p.
Etc.—
held on Jan. 11, President Samuel
Solomon was elected Chairman
and Paul F. Collins was . named
succeed him as President.—V, 159, pi ll2.- ".
'-y
V At
.
for
kilowatt-hours available
reports the number of
Association
1944;
7,
Northeast Airlines, Inc.—New President,
Association—Output Up 2.55%—,
England Power
New
ago.—
y.:A': '/A':A'A!AAAAaAA':'
V A A' A>
•/'
111.
p.
This
recently
159, p. 10.)—V. 159, p.
an
'
Dividend Declared-
(See V.
production.
V.
the company s
Reports that an extra payment of 50 cents per share was
declared by this company, payable Jan. 3 to stockholders of
Dec. 22 are erroneous, and the; company has informed its that
was ho such declaration."
The above corrects item appearing in the MChronicle"
of Jan.
1943,
increase of 35,140,000 cubic feet, or 5.37%, above
654,184,000 cubit feet in the corresponding month a year
.
'
reports electric
;":.;"AAA-,-,.. y-y,' AAA'.' AAA
is reported as 689,324,000 cubic?
-A'
December,
for
March
■,
•
1943, the Association
of
Telegraph Co.—No Extra
Mountain States Telephone &
output
Gas
feet,
.
.
.
through five of
and threatened the sixth building.
The Marysville plant is said to be the largest of
live branches in the Middle West.—'V. 157, p. 1273.
swept
kiln,
A'AA-,"1,
year ago.
stockholders' list before the stockholders meeting
Hence, the committee's hands are tied and they are
appeal for proxies to such names as friendly stock¬
holders have supplied.
When one considers that this is only a suit by
stockholders to get a list of their fellow stockholders so as to write
them on matters pertaining to
the company's interest, it seems to
the committe that justice has been absolutely ignored. They admit such
taction may be a 'shrewd legal move' by the company's attorneys; but
ask will it upbuild or undermine faith in the.company on the parfof
its stockholders and those who reinsure with it?"—V. 148, p. 1652.
get said
committee
kwh., an increase of 3,074,828 kwh.; or 5.81%,
52,931,971 kwh. for the corresponding month a
of 56,006,799
production of
output
.A
believed to have originated in a diy
the six buildings comprising this plant
"
list,
overruled all company's
'sending out an
Over 5%—
ended Dec. 31,
month
For the
on ,Jan.,; 10,
Fred Philbrick said would
y-y^y.y
the Jan. 7 week is reported at 148,499,000 cu. ft.,
5,551,000 cu. ft. or 3.60% below production of 154,050,000
ft. in the corresponding week a year ago.
■
-
cu.
Plant—
reports electric output
of 167,801 kwh., or 1.40ft.
the corresponding week a
this Association
decrease of
Mich,,, plant
company's Marysville^
which General Manager
the
swept
Again Mr. Babson wrote the company asking
but at the same time pointing out that since the court
contentions but one, he believed "it to be
in the interest of fair
play to the stockholders to make this list
available to me now."
-".•."'J'...
On behalf of the committee, Winslow L. Webber writes;
;
"As Mr. Babson received no reply to the appeal, he ordered counsel
to start legal proceedings all over again, although there is no hope
now
of getting a final order from the court in time to hate the
the company.
instead of
has
output for
Gas
a
above
Fire
7,
Jan.
12,136,311 kwh.
This is»an increase
production of 11,968,510 kwh, for
above
_
>.
subsequently ruled that on one score the proceeding was technically
not legal, as the officer of the company .who actually holds the books
in his custody is the person who should have been the defendant
Association—Output—
Gas & Electric
ended
week
the
For
of
on
common
v
for 'the
dividend of 50 cents per share
payable Jan. 31 to holders of
record Jan. 17;
Quarterly: distributions of 25 cents per share were
made each
quarter during 1943, and in addition the company, on
Oct. 30, last, paid an extra cash dividend of 50 cents per share and a
stock dividend of one share of common stock "for each 34 shares of:
common stock held.—V, 158, p. 1475.
s
' .
directors
the
•
,
New England
Co.—50-Cent Distribution—
(John) Morrell &
The
on
;
Regular Dividend—
of 15 cents
per share, payable Jan. 29 to stockholders of record Jan. 20.
This
represents the ninth consecutive quarterly payment at this rate, all
from earnings arising from interest and dividends on investments.—
v. 158, p. 2256.
....vV-a A=vAAv;.v.v".
available
now
2364.
p.
trustees have
The
class .A.shares*,
at .the ' Banket 8
the sinking
In
158,
New
Purchase Stock—
Forging Co.—To
$91,005,621 $77,312,853
A'.,' AAA.A'.A'.'A'
Ai'
$14,591,703 $13,267,822
634,358,509
A 'A:
Hartford
1943—12 Mos.—1942 •
1943—Month—1942
Period End. Dec. 31—
$
.
86,471,566 598,458,710
69,294,023
2364.- ■
Moore Drop
$
$ '
.*
stockholders,
Co.—December Sales Up 9.9%—
Sales
.
communicated with the company, requesting a list of the
which the company refused.
Subsequently, N. Meade Alcorn, Jr., State's Attorney for
County,
in behalf of certain stockholders, applied to the Supreme
Court of Hertford County, to mandamus the company to submit the
"list" or show cause why this should not be done.
Before the date
set for .the hearing, several parties concerned met and it was decided,
that subject to the approval of the board of directors of Northeastern,
certain information would be submitted to the Babson group, making
it unnecessary to submit the stockholders' list, thus postponing court
action.
The directors, however, did not meet prior to the date for
submission of the sought for information and
this agreement was
called off.
This again brought the matter before the court, whiclr
committee
of $1,967,231 to
this matter was
14 before the SEC.—V.
(J. J.) Newberry
Co.—-December Sales—
1943—11 Mos,—1942
1943—Month—1942
A-AA--
Sales
excess over
Jan.
$
Montgomery Ward &
Period End. Dee. 31—
system cost therefrom instead
"book system cost." A hearing in
159, p. 111.
over
excess
remove
remove
held
" C "
and Exchange
the request of
"'
Commission announced Jan. 8 that,
the registrant* it had consented to the
withdrawal
Volume
registration
the
of
Number 4247
159
filed by Oil
statement
Securities Act of 1933 and had discontinued
91;
p.
;■
1
..//
•
'
of
cents
cents
25
share. and
per
been
share have
per
the
usual
declared
y./-
addition,
'in
of
special
a
25
cents
share
per
*Net
J
common
'
Like amounts
1, 1941,
disbursed on
was
Schenley Distillers Corp/(& Subs.)—Earnings—
3 Months Ended Nov. 30—■ :
quarterly
-the
on
-stock, both payable Feb. 1 .to holders of record Jan. 20.
•have been paid each .quarter since and including May
Net
of
on Jan. 10 made a secondary distribution after the
close of business of 10,000 shares $2 cumulative convert¬
■/';
.
y.
\
a
(
proceeds obtained from the
securities .and
debt
of new
latter part of February.—V. 158, p. 12.
competitive bidding the
Overseas
„
:
the
'Jan.
Jan.
on
stock,
common
declared a dividend of 5 cents per share
$1, payable Jan. 31 to holders of record
12
par
A similar distribution
18.
Oct.
and
last year.—V.
30,
made
was
158, p.
on
Feb,
i
■'
f
Packard Motor Car
:.
.
1943
.
Loss
1942
114.
p.
•
1941
$
sale
on
-
...
*
■
after interest
■•$
1943
■,
/
$49,771
150,710
;;
'
mento
Store
Fed.
of Mexican bankers and
Industrialists have announced the. formation of this company/which
will have its headquarters in Mexico City, Mexico.
•
"
The company plans to assist in the establishment of new Mexican
enterprises in which it; is expected that leading American industrial
firms will participate,:
Among the activities to be engaged in by
the newly
organized," company is the preparation of economic and
Industrial surveys for the benefit of companies in this country that
contemplate entering the Mexican field.
'■■■
/■'■
The directors of the new company are Morris Natelson and Philip
p. 'Slff of Lehman Brothers;
Miguel Yarza, President of Banco de
Descuento,
President of: Altos Homos; de Mexico, S. A., which is
Mexico's newest steel
company
(formed as-a result of agreements
between the
Mexican Government and the American Export-Import
Brothers
Lehman
and
anf associated
income
Total
$5,929,614
$4,388,418
$1,989,029
141,267
75,065
group
$6,070,880
remodeling
State
&
Federal
/
These
value
of
'
530,000
tax_—
exc. prof,
*3,820,000
1943
!*
tax—
—V.
490,872
225,000
profit
Divs.
first
on
Divs.
%
on
stock_L__^L_^_-
pfd.
2nd
124,117
148,483
stock.
pfd.
$1,418,200
/ 124,117
$1,251,065
value
124,124
150,621
;
153,948
-
share—.
per
265,037
27,992
263,491
$5.56
$4.34
$3.65
___
common
y.
Balance- Sheet,
.
$2,832,834;
Assets—Cash,
U.
Nov. 30, 1943
Decreased 4.4%
'
'
••$
158,
p.
net
estimated
"'
"
$1,102,005;
Income of
-
Earnings—
.
..
-
,
..' _' ;y./
: ''
11
/ Jan.
-that
Offered
—
par
A
was
—V.' 157, 'p.- 260, ■-'/;/
*\i:
y'. ::/yyy.
Rochester Transit Corp.—50-Cent
May
notified
refiners '-were
-
production
demand .far
.
since
last
of
sales
in .stocks
last
in excess of output
oil, producers said.
of
the
oil,
crude
on
to-refineries/'brtnging
to
year
25%.
company
said,, adding
month.
in- Pennsylvania
has
in recent months plus
resulted in a -steady decrease
crude
31; >1943; stocks of-Pennsylvania
October, 'daily average -production
almost- 10;000 'barrels below the October," 1942,
the 12^month period ending Oct.
;In
crude "declined. 833;633 "barrels.;- In
y
69,860-'barrels,
was
output.—V.
158,
1539."
2260,
pp.
1943 '
Gross
••
■
vy
_y
..'/A
y'
—Jan. 1 to Dec. 31—
,
• -1943
1942 $
$
$
/8,791,708r- 7,990,954 330.678,493 275,414,60.9
■■■';■'• V'!
1942
$
earnings
—V.-159; p. -49..
pay-"
/••••'•••,'
■
Earnings—,-V
Week End. Dec. 31
■
-
;
...
/
•
■■
.
1936.
Southwestern Bell Telephone
■
Period End. Nov. 30—
headed by Halscy, Stuart & Co., Inc. on Jan. 12
awarded. $4,155,000 equipment trust, series O 2Y4%
y:-:v'
•;
a-5%..curtailment in
reduction
Declining,
cents per
cents per
to stockholders of record Jan. 7. • A similar extra
made in January of each year since and including
.//y
last cut -became effective-Jan.' 1,
This
,
Y.)—Extra Div.
both
ment
v
the
to
addition
1468.
Southern Ry.—Weekly
15 paid an extra dividend of 5
usual quarterly "dividend of 25
Jan.
on
company
in
share
' 'share,
,;;
157, p.
.large- suppliers of Pennsylvania-;grade
announced
overall
an
,
"
The
k
Pennsylvania RR.v— Equipment Trusts
no
directors have declared a dividend of $3.62(4 per share on
of accumulations on the16)4
- cumulative^ preferred - stock,
$100, payable Feb.' 1'to "holders of record Jan. 15.
-Distributions
during 1943 were; as follows;/Feb. 1 and May 1, $1.62V2 each; June 15,
$2/Aug. and Nov. 1, $1.62(4 each; and Dec. 15, $3—V. 158, p. 1178.
total, $18,472,065.—V. 159, p. ,113v?..
Rochester American Insurance Co. (N.
v
10.—V;
Dec.
on
.te/.'c
the corporation from investments for
years.—V. 158, p. 2051..........
the
on
South Penn Oil Co.—Curtails Sales 5%—
year
both
declared
been
10
made in each
was
This -company,
($100.par), $2,111,733;
common
stock, $4,224,235;
cost of common stock and
premium on
second preferred stock purchased during the year, Dr$25,254/ earned
y surplus, $3,031,131;
1943, after, deducting expenses and taxes, was $1,935,000
(nearly 30 cents a share)/.as,compared with-$1,717,000 (approximately
25 .cents a share) in 1942.. A dividend of 25 cents a share was paid in
the
Feb.
pac
.
$1,773,100; second preferred stock
($100 par),
'•V.'V'V-'
2365.
Pennread Corp.—Estimated
The
'
63,320,358 489,872,748 490,295,173
•__1:_:_:__-:___:;'_60,531,383
Sales
—V.
•'
Cents—y
share has
per
payable
The
y;
*
$108,069; reserve for income and excess profits, taxes
(less U. ys.
Treasury tax series notes and acrued interest of $3,622,660),. $948,835;.
-reserve' for contingencies, .$2,000,000;. cumulative 7% preferred stocks.
;
1943—12 Mos.—1942
-
1942.
y account
>.
■
$
cents
in
Simpson's, Ltd.—$3.62% Accrued Dividend—
,
,
.
securities;
Government
S.
-
-
share
:
-
1943—Month- -1942
25
stock,
paid
was
-,
266,584
retirement credit of $421,000.....
debt
■'■After
>
327,864
260,391
;•
stock (no par)
com.
Earnings
stock.—
common
on
of
Shares
.
Period End. Dec. 31-
of
interest
no
$79,149.
<'
-
Dividends
:
;
Penney Co.—December Sales
y
.
1942
*$74,556
to holders of record Jan. 31;
quarter during 1943, and, in addi¬
tion/the company last year paid a year-end dividend of 25 cents per
a
(J. C.)
493.
like amount
A
r
4 customers accounts receivable (less:reserve of $150,000 for discounts'
director of the Sociedad Financiera de Industria y Des¬
and doubtful accounts)$6,284,776; inventory of merchandise (includcuento; Erich Koenig, General Director of the Banco de Descuento,
y ing amount in transit of $451,170), $5,711,704; investments and adS. A. and President of the Sociedad Financiera de Industria y Des-i
vances, $552,199; land- and .building
(less reserve for depreciation of
cueuto; and Miles M. Sherover, formerly of New York City, who has
$928,723), ' $1,621,075; factory building and sites
(less reserve for.
been active in Latin American trade for many years, and who "was
; depreciation
of $97,627), $125,121; machinery and equipment
(less
instrumental in organizing the General Tire & Rubber Co. of Vene¬
; reserve for
depreciation), $242,351; total, $18,472,065.
y
zuela, of which he is. presently a director.
Mr. Sherover will act as
; Liabilities—Notes
payable to bankers, $1,500,000; accounts payable,
General Manager of'the Pan-American Development Co., making his
trade-, $1,051+111; accounts payable to subsidiary companies,- $243,536;
office in Mexico City.
' "•/,/". *•
V
accrued
salaries
and commissions,/$1,364,616;
deposit. accounts of
officers
and
others,: $140,954; accrued taxes and other- liabilities,
Bank), and
p.
dividend
A
$1,720,880
interest of $99,064;
deducting
158,
Silex Co.—Distribution of 25
Cr40,000
,
Net
.
♦After
99,493
V
680,356
2,360,000
$132,818
$1,183,552 had a-market value on Nov. 30, last, of
compare
with securities costing $4,766,661" with a
$3,548,551 a year earlier.—V. 158, p. 1771.
6 Mos. Ended June 30—
$2,066,430
44,926
___—
taxes—;
profits
credit on
Post-war
off__V
chgd.
exp.,
income
excess
$4,463,483
96,462
$158,877
Sherneth Corp. (Sherry-Netherland Hotel)—Earnings
77,401
—
$36,366
.
109,106 >
$199,707
Net- loss
de Fo-
Co. (Compania
Panamcricana, S.A.)—Organized—
Development
American
1941
-
>'
securities______
of
1942
.:
&
Securities costing
.
Pan
1
.
I'V
'
$989,506.
market
______
income
1942.
1943—11 Mos.—1942
'
$
,1 •.
$48,997
Net' loss
_______
profit
(net)—!
Operating
Other
In
1943—12 Mos.—1942
97,995,921 106,940,659, 816,297,677 848,245,210
-
.
deficiency
—
_____
Than
Lower
Shawmut Bank Investment Trust—Earnings—
y.
Sales, less discounts, etc..
...
$46,936,753 $38,290,654 $28,722,244
Cost, selling, gen. & admin. exps._,
40,652,756
33,534,988
26,363,235
Provision for depreciation—
100,356
101,097
93,025
Taxes
254,026
266,152
276,955
Co.—To Increase Facilities—
has
company
4.04%
$2,779,403 $19,176,949 $19,984,372
1943—Month—1942
.
_________
159,
'Income
Co.—Earnings—Y
Rice-Stix Dry Goods
Years Ended Nov. 30—
had Its contract with the Defense Plant Corp.
raised $1,000,000;
The increase will provide additional facalities at a
plant in Lucas County, Ohio, and raises the contract total to $7,500,000.—V. 158.-p. '2473. ■'/.y'-y/'/y;/; //.;■ V
y-y,
., y ,'y . ,y,y. ■■
This
Were
taxes
V y
$1.60
y;
9 Months Ended Nov. 30—
Exchange at 89, with a commission of $1.—V. 159, p. 48.
been declared on the common
stock, par $1, payable Feb. 15 to holders of record Feb.-1. Payments
In 1943 were as follows: Feb. 3,-30 cents; and Dec. 27, a year-end
of 50 Cents.—V. 158, p. 2257V
y/% .' ' ,'y 'y'y Vr/ V. V""/
$2,245,740
■
_
'*
—
—V.
Republic Steel Corp.—Special Offering—A special of¬
fering of 2,000 shares of the preferred A stock was made
Jan. 12 by R. W. Pressprich & Co. on the New York Stock
2475'. ;
p.
1943
1943—Month—1942
$2,221,155
•
dividend of 3G cents per share has
A
Year
Calendar
Period End. Dec. 31—
,.
/
•
•
$2,227,951
$1.59
$2.97
Sears, Roebuck & Co.—December Sales Off 8.4%—
;
1, April 30, July 31
2259.
158,
Sales
Distribution—
Securities Co., Inc.—30-Cent
directors
The
on
2,547)480
.
159, p. 48.
j.jsJ
•
,
—V.
Republic Investors Fund, Inc.—5-Cent Dividend—
:
,
share_____
Period End. Dec. 31—
Sales
preferred stock.
With the contemplated
refinancing the-capital structure will be
adjusted to more adequately take care of future expansion programs
which may come ire the postwar .period, the announcement said
'/ It is contemplated that a registration
statement will be filed the
latter part of January and- tha.t the new securities will be sold through
sale
'
W.
outstanding debt and preferred stocks from
stock,—V.
for
Sales
,
Dealer's discount 70 cents.—V. 159, p. 48.
:i.J~—$3,962,622
per- common
common
preferred stock (par $25) at $29% per share net.
ible
/
Peters, Treasurer, announces that the company is consid¬
'general refinancing for the purpose >of redeeming'the"present
Fred
ering
'v
Refinancing—
1941
$4 793 005"
taxes
Schiff Co.—December Sales Off—
'
Plans
*'
1942
____t$17.183,6?2 7$7,982,951
13,221,000
5+755,000
prof,
exc.
rsAfter interest, depreciation, etc.-"tAlso alter provision of $500,000
in 1942 and $1,000,000 in 1943 for contingencies.
§On 1,260,000 shares
Inc.,
v
&
profit
^Earnings
Rayonier, Inc.—Secondary Distribution—Blyth & Co.,
;
,y
1943
taxes__
before
income
and,
Dec.
■«-'
—
"profit
Federal
1941.—V. 158, p. 1538.
22,
V
revenues
of .25
dividend
1943
'
4942
$13,191,158 $11,485,974
Gross income after'retir. res. accruals—--.-.-i—::- 3,032,640
3,421,57Net Income
/_—
2,168,662
2,558,546
Earns, per coin. shr. (550.000 shrs. outstdg.)// ' '
' $2.67
$3.58
Note—Above statement Is subject to adjustment and; a.Udit.
12 Months Ended Nov. 30—
Operating
dividend
extra
An
July 16, 1943.r-r-V; 158,
' ' ■ /"'y'-'- /
Go.—Earnings—
Oklahoma Natural Gas
219
Raymond Concrete Pile Co.—Extra Dividend of 25tf—«...
Ventures Corp. under the
the stop order proceedings
against the registration statement on
instituted
FINANCIAL CHRONICLE
THE COMMERCIAL &
-
Payment—
/
Co.—Earnings—
1943— 11 Mos.—1942
"
$
1S43—Month—1942
group
/
was
share on 'y Operating " revenuesLyj/, 11,952,800 10,500,142 ,125,884,917 ' 109,164,390
>
the- common stock, no par value, payable Feb. 1 to holders of record •v Uncollectible oper. rev._ >
11,313.
36,630
' 303,511
• 393,795
Jan. 21.
An initial distribution of 95 cents per share was made on
/March 1, last year; none since.—V. 158, p. 1538.
11,941,487 .10,463,512 125,581,406 10&rnO,5$5
Operating revenues__
y • . , , - y- -%
7,775,734
6,587,588
79,601,85069,828,847
Operating expenses„__
.2,465,150
2,277,171
28,364,136
22,272,35'J
Operating taxes
St. Louis San Francisco & Texas Ry. -Earnings—
certificates
equipment" trust
maturing annually from
1, 1945, through Feb. 1, 1959, on a bid of 100:739.
These certificates are being reoffered at prices to yield
.85% for the 1945 maturity to 2.20% for the 1955 matur¬
Feb.
have
directors
The
declared
and
issuance
sale
the
of
certificates,
to be issued
Gross
Net
1943
North Emorv Bartlett has
—V.
159, p. 112.
Net
ry.
•
electric
The
ended
output for the company and its subsidiaries
8, 1944, amounted to 132,421,000 kwh., an
of
10,964,000 kwh„ or 9%, over the
v.
159, p.
112.
year
have
directors
The
a
dividend
of $1.75
preferred stock and a dividend of $1.50 per
stock, both on account of accumulations,
7%
preferred
holders of. record
-
'
Jan.
per
.
1
Higher in December—
y
^
^
earlier—V. 158, p. 2475.
■
1
Gross
,"
•
company
has redeemed
It is understood as
the
''y;
"basis,
for the
increase
The
the
company-
last
have
Corp.
year.—V.
157,
p.
z Idle
Operating
Operation
share on the 6%
payable Feb. 1 to
20.
-
Federal
Other
131,872
1,988,290
19,706
23,608
221,392
34,070
32,418
407,318
207,656
392,672
82,334
—•
Depreciation
the first full
205,739
—
Maintenance
$339,930
54,719
839,581
_
income "taxes:
.
13,985
28,285
332,699
$69,025
$822,031
$716,730
1,445
1,043
9,406
$67,982
34,204
31,231
399,023
$36,750
$413,600
Other
revenues
income,
net__—_
-Balance
Interest
on
Jan.
18
Rawlins Electric Co—New ControlSee-Federal Light & Traction Co.—V.
154, p.
and
.
-
araortiz.__
Balance
Debenture
"Preferred
Balance
1057.
t$Sl,595
;
debentures-
exchange-
for
••
117
164,060
31,014
v
174
.
:
v-
40,808
*Includes
-
11,161
r
164.060
28,040
v
/
6,832
164,060
'
164,060
'46,805
'
6,619
*1,999
+*--
post-war
277,213
9,158
J29.638
147,715
re-
150,000
100,000
$502,842
provision
/fCanadian -income
$262,645
•>
$427,664
<
t$289,399
for 'Canadian;,income taxes of $32,715. i. tLoss.
No provision for Federal income or excess
taxes.
profits taxes has been made as the loss carryover
able incomes
/ 'yy,
net profit includes a
is in excess of tax¬
y
•
•
/■
_
net income at average
exchange rates, from the Canadian subsidiary/
"
V/
•
.
•
/,
Consolidated Balance Sheet,
Assets—Cash,
?
r
$1,273,520;
U.. S.
Oct.
31, 1943
Government
securities
.(including
$300,000. tax series),, $3*603,305; Dominion-of Canada Victory Bonds,
$125,475/ accounts receivable (less reserves of- $103,969), $1,629,699;
$96,564; ^property,
supplies, insurance,
invehtori?s+ $2,154,612; investments, and other assets,
plant,.'and equipment
rent,
-
1
(net), $1,457,478; prepaid
total, $10,643,559. •
taxes,, etc,, $302,908;
advances on contracts, $47T,wages, taxes, etc., $271,927; accrued interest on
Canadian income and excess profits taxes (est.),
$52,196; Federal and'Btate1 income-taxes (est.-), '$234,475; fifty-year 5%
debentures, $3,281,200; reserve for post-war-rehabilitation,. $300;000;
first preferred stock (no par),, $1,480,100; second preferred stock, (no
par)/<$34,400r-common stock
($1 i-par), $449,003; capital surplus,
$2,964,493; earned surplus, $529,717; total, $10,643,559.—V. 158, p. 2476.
$812,624
-
-
■
$697,411
-
376,075
-V.
.
dividend
: $38,506
•
requirements—.
dividend "requirements-—.
for
common—
158/p. 2621.
—
■
i
.
■
$321,335
■-
„
149.114
'149,114
60,000
$204,486
514; accrued salaries,
debentures; $82,030;
-
to'act as trustee under.
fjrst/mortgage^collateral bonds will be held
by the Securities and Exchange Commission.—V; 158, p. 1674.
-
_
certain
Indentures1 for 18 series of.
33,724
$669,002
"v
./.Liabilities—Accounts payable,- $495,504;
Net-oper.
.
permit the City Bank Farmers Trust Co-.,. N. Y.,
68,576
$704,633
95,273
$1,125,245
habilitation '
/,
19,319
$72,710
t$85,319
Net profit
314,391
$74,155
taxes
$600,426
income taxes_
for
Prov.
453,041
$429,991
revenues
271,322
$593,520
111413
f,,.,
on
foreign
-/
.
$3,601,348
1,516,856
187,869
'
•
1943—12 Mos.—1942
$4,611,313
3,399,867
167,166
_<■
plant
Prov.
:
share on the,
$3,585,870
2,512,519
$1,029,972
expense—/—
Unrealized loss due: to
2257.
Co.—Earnings—
$3,300,814
2,064,764
152,243
income
Interest
which had been assigned
been returned to the com¬
1943—Month—1942
$2,825,450
1,495,436
Interest
are
Savannah Electric and Power
$9,729,756 $10,285,534 $10,841,905
6,904,307
6,984,721 / 7,256,035
$2,677,651
Note—The consolidated
Period Ended Nov. 30—
,
and
expenses
equipment
Total
..
being met promptly or on a discount
1".:,:
"V'l.V
is - also reported to have operated profitably during':
it is said,
8,828,095
Other income
-
.r./
as security
well that all chattels and liens given
Commercial
Seaboard
All bills,
1940
1941
;
„
Operating profit
for-loans-have been released, while all patents
pany.
(& Subs.)—Earnings—
1942
Deprec. & amort., plant
/
.
a
approximately $15,000,000.
-
.fyy
hearing on :the application of this corporation for- exemption from
provisions of. the Trust Indenture Act of 1939 in order to
13,047,323
allowances $11,505,746
profit
advertising
admin,
'
the
of discounts,
&
goods sold.
Selling,
/..y •
addition
of
Cost
46,058,021 588,883,308 599,264,681
.
Prudence-Bonds Corp.—Hearing* to Be Held—
A
16,669,396
14,246,884
1944—52 Wks.—1943
1944—4 Wks.—1943
...
small amount of its .pre-.
ferred
stock,- substantially/improved its ratio of current- assets to
current liabilities and anticipates a continuing improvement,
/ //v/
Total billings of the company for the current year are estimated at
about $10,000,000, while unfilled orders now cn the books amount to
"
•'
17,615,420
Consolidated Incaine Account f*r Years Ended Oct. 31
•
Sales, net
46,716,893
In
quarterly declarations since May. 1, ,1933/ on
both issues dividends on which are in. arrears.; During 1943 and 1942,
the company paid half the: regular: quarterly .dividend -rates.—V, 159,
p. 47.
■,/ ■;
.•
y
•
'• ■.
- ■ • •
'
'■>
These are
1,598,753
y 1,261,993
(A. G.) Spalding & Bros., Inc.
operation on Jan. 1,. 1944, totaled 2,478, as against 2,537 a
circles.-'
Co.—Accumulated Dividends—
declared
income_
158, p. 2476.
>
Samson United Corp., Rochester, N. Y.—Reduces Debt
The following is taken from the Rochester "Times-Union":'
The corporation has made substantial progress towards liquidating
its indebtedness and has paid off Its entire obligations of $225,000 to
the
Seaboard
Commercial
Corp.,
according to Rochester financial
:".v'
y
*213,366
y
-
Portland Gas & Coke
141,938
154,588
1,718,517:.-.1,231,192
&.
corresponding period a year ago.—
'y/y/yy ;yy'.y:.';;
.
v..' y;
Stores in
;y/:.4
Jan.
531,416
1,044,414
2259.
p.
Sales
to
week
158,
•
.
Philadelphia Electric Co.—Weekly Output—
1,469,769
574,871
Period End. Jan. 1—
company. announces
y-"/
3,063,951
2,014,148
income__
1,700,603
1,520,487
oper.
income
—V.
*11,092
27,287
-3,931,148
.,
Net
Net
21,239
57,155
131,231
i Safe way Stores, Inc.—Sales
y
^
1940
$119,777
$160,667 /
66,735
returns
Director—
Pere Marquette Ry;—Carloadings in 1943—.
Chesapeake & Ohio Ry,, above.—V. 159, p. 112.
.
1941
1942
$
■$
.
123,035
railway.-,
oper.
♦Deficit.—V.
retired as Vice-President of this company.
See
■/
per
1943
the election of Edward B. Leisenring of
Philadelphia,' Pa., as a member of. its/board of directors to fill the
vacancy caused by the death of Frederick W. Wood.
Mr.' Leisenririg
is President of the Westmoreland Coal Co.t—V. 158, p..2051.
The
■
railway-
from
Net
V,y,,;:
Pennsylvania Water & Power Co.—New
from
Gross
:V
■///'/.
Hall & Co. (Inc.) and asso¬
offered 100.1313 for 2!/tS.
Salomon Bros As Hutzler and asso¬
offered 100.587 for certificates with a 2%% coupon,—V. 159, p. 111.
'
cents
50
$323,115
•
•
-
under the
Pennsylvania Salt Mfg. Co.—Official Retires—
///.
railway______>
oper. income__
January 1—
ry.
From
standard-gauge railroad,, equipment.
;
Two other bids were received,
Harris,
ciates
•••
railway___
from
from
Net
Philadelphia plan,
is subject to Interstate ; Commerce Commission
approval.
The $4,155,000 certificates are to be issued pursuant to
an agreement and lease dated Feb. 1, 1944, and will be issued to pro¬
vide for not more than 80% of the $5,193,750 estimated cost of new
ciates
of
$446,313
245,212
-
November—■
maturity to 99y*
Associated with Halsey, Stuart &
Co., Inc., in the offering are: Otis & Co., Inc.; Hallgarten
& Co.; Cruttenden & Co.; The First Cleveland Corp.;
Dempsey-Detmer & Co.; Newburger & Hano;/ Walter
Stokes & Co. and F. S. Yantis & Co. :*}4.
for the 1959 maturity;
The
dividend
...
"
ity and at prices from par for the 1956
a
-
60,000
$112,221
.
Standard Oil Co. (Ohio)—Preferred Stock
Offered—A
syndicate headed by F. S. Moseley & Co. and The First
Boston Corp. on Jan. 10 announced the sale of 101,389
stock was offered to common
share in the ratio of one share
V.
10,030,136
—J_—16,811,023
14,227,472
.3,409,367
57,335,786
Treasury
Inventories
Total investments and
* •
eight shares of common
Dec.
23, 1943,
I Total
preferred for'
stock held of record on
y'.v
,
-'///y'.
.
assets,
4.125,738
61,733,152
other assets—-
!
net—
—
3,060,162
deferred; charges—
payable
Notes
:
.
new
Application of Proceeds
;
233,818
Mortgages
net
Other
,
Houdry catalytic cracking unit estimated
approximately $8,567,000, of which $4,242,892 had been spent
Company is constructing a
to
cost
^After
payable
the-company's working capital to provide for carrying in¬
ventories and accounts receivable and the balance used for general,
corporate purposes, including possible capital expenditures for Pro¬
duction and refining facilities. Other than the future payments for the
completion of the Houdry .unit, the company does not now have under
consideration any specific-capital expenditures apart from transactions
considered to be in < the ordinary course of business or not of major
'
;
'
•,
.
-
History and Business—Corporation was incorporated in Delaware on
'
corporate
;
having
cessors
subsidiaries, including Boeing Air Transport, Inc'.l National Air Trans¬
A.
V,
whom
159,
Sales
y-s-
"
payable
mtges.
158,
Oil
Co.
Gas
&
the several
of
names
unsubscribed
stock
•
capital
'
cents
-
"•".'
Co.
1.50
Davis & Co
Estabrook
in
Mellon
Securities
2.00
Hawiey, Shepard & Co
2.00
Hayden, Miller & Co
3.00
Hayden, Stone & Co.——- 1.25
&
Hutton
2.75
——' 2.00
Co
Consolidated Income
Turben
Ohio
The
Paine,
June
:
directors
of
sold
goods
operating
■' '
"
public
The
^Credit
.
94,682,911
14,529,184
78,669,090
13,550,636
"3,614,468
4,495,752
262,969
773,095
Debenture
/
1940
$
93,968,617
19,92Q,759,
.
.
—w—:.
Profit, before
and
taxes-
normal
on
record
exc.
362,177
net__L-
income,
l
r.
330,207
16,511,844
750,536
State
income
9,790,032
17,262,380
the
share
Jan.
on
taxes..
profit
894,890
502,900
9,256,660
2,520,500
2,674,000
2,111,323
4,416,300
9,057.500
4,582,000
960,000
18,200
34,500
13,000
8,700
3,525,532
5,649,880
6,241,003
153,000,
$1,007,034
$899,279
$2.13
• ■<
Net
profit
Preferred
Common
to
surplus
dividends-—
dividends
I
8,439
3,525,532
5,649,880
32,371
6,249,443
6,209,008
450.000
600.000
600.000
600,000
850,798
1,701,596
1,888,769
1,507.480
tl05,032
1,500,451
J-
i
preferred
stock.
-tlncludes 350,107 shares
stock,
preferred
opportunities.
100,000
It is obvious that it is impossible, to forecast with, cerconditions, but an analysis
•
'
taint,v the date of the return of peace-time
probable needs of the corporation at such , time indicates the
desirability of increasing its capital resources by at least the amount
of
the
of the underwriters and the percentages
purchased by each of them/ respectively*
' •■•'-'•- ,;
•!;";"' v 1 ,; v, 1
Underwriting—The names
of
f
stock
unsubscribed
are
$2.38
/
follows:
as
be
to
-V'/
Harriman
Blyth & Co., Inc
•v
'
Lehman
Merrill
.7
declared
an
extra
dividend
of
five
Paine,
cents
Like
1.
par $2, both payable Feb.
amounts have been paid each
on
15,
May
the
stock,
preferred
21.—V.
158, -p.
par
1676.
$100,
cents per share,
15 to holders of
payable -March
..
V
1
V
&
Pierce,
4.28
—!
Co,_
Webber,
Jackso-n
Dean
A.
G.
:
to holders
" ' "
V
from
A
Witter
&
Becker
&
3.10
3.10
2.38
1.90
Glore; Forgan & Co
Lee Higginson. CorporationKebbon, McCormiCk & Co._
Bacon, Whipple & Co.1—*_Bosworth, Chanute, Lough•
"Percentage of unsubscribed
1.90
W.
The
3.10
—
Weeks
&
1,90
1.90"
1.90
Stubbs,
1.90
^
1.52
Clark & Co.
—
3.10
Inc
Inc.
.
—J ;1.43
Farwell, Chapman & Co.
1.43
Folgef, Nolan & Co., Inc.—
1.43
Graham, Parsons & Co.
1,43
4.19
Co.,
■
E.
Co.
.1.90
Schwabacher & Co.
4.19
&
4.19
Dominick «&; Dominick
&
Whiting,
Fen¬
Beans
Curtis
quarter since and
1943.
Lynch,
4.28
•
Hardgrove
-
Hayden, Miller & Co.
McDonald-Coolidge & Co._^
Pacific Company of Calif...
4.52
—
and Company.—1,90
Ferris
.
5.24
& Co
Brothers
&
Drexel
•
\
—
Hornblower & Weeks—'
Smith, Barney
Boettcher
10.70
7.62
Ripley & Co., Inc.
"Percentages
Names—•
"Percentages
'
>
■
.
'
.
Illinois Co.
of Chicago. ; 1.43
Mitchum, Tully & Co.
Hemphill, Fen ton &; Camp¬
bell, Inc.
J. A. Hogle & Co. '
Kirkpatrick-Pettis Company
Kuhn, Loeb & Co.
—
1.43
.95
.95
' .95
7.86
stock to be purchased,",.
flew 31,901,400 revenue passenger miles in December,
with 20,536,600 in December, 1942.
Airplane miles
The corporation
certain
1943,
company
compared
2,050,400 compared with
month of 1942, it was announced.—V.
flown
were
■
United Drug
are
of
Co.—Definitive Debentures Ready—
sinking fund debentures due
for and upon
debentures at the Guaranty
York, 140 Broadway, New York, N. Y.—V. 159, p.
Definitive
\
1,615,198 fcr the corresponding
159, p. 51.
now
15-year
344%
available for. delivery in exchange
outstanding
temporary
Aug. 1, 1958,
the surrender
Trust Co. of
New
115.
,
according to Alexander L.
Nichols, Secretary of the company and a member of the firm which
United Fruit Co.—Plans Expansion of Plantings of
acts as a general counsel for Trans-Oceanic, is the establishment of a
Tropical Products After War;— "
number of complete flight crews, so that the company, will be. in a
,V The company regards its war plantings of rubber, quinine and other
position to furnish organized and qualified flying personnel/for the
operation of international air lines at the conclusion" of the war. \
strategic tropical products as permanent investments and intends to
The promoters of the company, Thomas Smith, Walter J. Davidson,
/ '
"' .(Continued on page 259) V r
" '
Hunter C. Moody, Hugh Herndon Jr. and Alfred J. Tor.rey, are flyer.s,
.
6,176,636
'
subsidiaries-
•
Use of Proceeds—The
entire net proceeds of the 4%%
preferred
stock ($10,276,773) will be available for general corporate, purposes
pending specific; application of such funds, and it is anticipated that
they will temporarily be Invested in securities of the U. S. Government,
It is considered desirable that tho corporation at .this time, provide
itself with funds with which to meet its post-war responsibilities/.and
281,478
Dec. 29, the application of company for an exemp¬
provisions of the Investment Company Act. provided
files with the Commission a balance sheet, income and
expense statement, a.statement of surplus account and a statement of
portfolio account not later than 120 days after the close of each
company fiscal year.
'
'
.•.
.
Trans-Oceanic was organized under the laws of Delaware last Feb¬
ruary with an authorized capital stock of 300,000 shares of class A
voting stock (no par).
The company filed a registration statement
with the SEC on July 31 covering 250,000 shares of this stock /which
it proposed to offer at a price of $1 a,share.
'
tion
8,753,760
Minority interest in net
losses of
u
-728,507
377,989
stock,
common
Feb.
record .Feb.
The
Net
offered,
cumulative
Traiis-Oceanic Airlines, Ine.—Wins SEC Exemption—
25,031
12,615,113
13,610,003
200,000
*105,032
X2,500,000
100,000
••
tThese are the shares being
reserved for conversion of 4'/a %
shares reserved for conversion of
management stock, and 2,817 shares-reserved for future sale to officers
and employees of corporation and its subsidiaries.
: :j
shares, of' cumulative
now
The SEC granted,
9,459,825
Shares''
the 200,000 authorized
initial series of
the
ridge & Co
3,748
l:'
"
'
1,690,123
,
11,259'
1,830,000
profits tax—
——
par)
constitute
•
to be provided by the sale of the 4'/2% preferred stock.
,;':l
The corporation has in contemplation a broad program of capital
investment. / The net proceeds provided from the sale-of the 4%%
$4,145*649 <
$5,602,788
preferred
stock;
together with the
"equipment replacemnt fund.'*
1,473,006
1,949,421
amounting at Sept. 30, 1943, to approximately $2,900,000, together with
other funds of the corporation which may from time to time be avail¬
$3,653,367. $2,672,643.
able will,, it is expected, be used for the acquisition of additional fly90,368 /
47,376
l
ing, communications and other equipment, the construction of hangars,
Drl31,250
Drl31,250
% the purchase of machinery and other facilities in connection with its
present routes and such new routes, including possible foreign routes,
$3,612,485
$2,588,769
as
may hereafter be acquired or participated in by
the corporation,
M 645,094
-.'418,750
Only the quarterly-payment of 12>/2 cents
per share was made on Feb. 15, last year.
'
'
.
;
•
- ;y
The directors also declared the usual quarterly dividend of $1.50 per
income
surtax
"Fed.
($10
Shares
Authorized Outstand'g
■
..
,
.
Federal
($10 par)
stock
shares
"These
share and the regular quarterly dividend of 12y2
175,095
203,915
110,000
.
•"
1942 VI ;
•:!
1943
.
.
interest
directors
The
re¬
profit———
income
stock
Common
ner
4,120
♦
$453,287
.'.''V-'' ''l-V'li:
,
'
1,000,000
l!I':"■
A:
$2,134,356 " ! $598,050
; 750,000
$100 par)-^„_i-l„ ,v
4Vzcumul. pref. stock (100 par) (convertible);
and
production of crude oil during the quarter ended Nov.' BO,
1942, was 3,017,807 barrels^ and in the quarter ended Nov.-30, 1943,
3,880,059 barrels; net production of crude oil-during Nov., 1943, aver¬
'
6,224
1,758
'
V
150,400
2,624,455
$2,659,046
—-
!
;
Note—Net
196,079
;
$603,687
,
•
273,700
2,733,300
reserve
for
readjusts.--
to
■
.
;
3,817,629
84,444
.
'
■.
l/V l
/
'/Cumulative preferred stock
(The) Trane Co.—Extra Common Payment—
233,846
t.—w—I
Dr22,612
Capitalization Giving Effect to Present Financing
■
'.;-•' :
11,580,323
462,057
.
$871,750
in-
on
Names—
the
Gross
•.
charge of European operations of the Stude¬
war, has been named President, it was
in
profit"——————r—_'_
Net
of
investments
on
"
Rubber Director in charge of the plant
aged 42,400 barrels daily.—V. 158, p. 2367,
deb—-v
possible
for
Provision
losses
upon
of
$5,758,811
$626,299
the Rubber Administration and later with'
Assistant Rubber Director.—V.; 158, p. 681.
- !>,,"
Earnings- per share
48,808,464
32,780
expenses.—_
paid
~
..i
Provision for Federal normal income and surtax
74,047,858
312,926
DM0,785
'—
Balance
j ,
before the
-
3
*
post-war
..
on
R. Creedon. has become
Prior tov joining the
associated with William M.
Total income
,_-!
Provision for depletion and depreciation—
Intangible development expenditures————
Rents of- undevel leases and prop. abandoned-
I
31
1,316
$6,142,346
taxes
for
come
Jan.
Miscellaneous
issue and re¬
demption
!
Manager.
was.
production and other operating revenues—
and general expenses-,-1;
including
487,014
funding
he
Profit'" ^
j
dismant.,
long-term debt
Interest exp., other.—
Premium
Prov.
1932, has been'-elected
:'V" ,
V-:
Operating
'
1,737,055
97.247
on
consultant
65,066
$825,099 >
'
of
as
Corp.
57,436
income
Frank
that
Construction
as
Hutchinson,
Export
286,025
income
Net
Engineering Corp.—Appointment—
3 Months Ended Nov. 30—
per
242,422
310,533
46,129
Debenture
A.
a
Net
/ :
y
237,007"
Int. exp.;
2622.
p.
organization,
program
$5,471,470
412,569
Superior Oil Co. (Calif.)—Quarterly Report—
1.00
&
Years Ended December
,4.024.385
properties, etc.
sale of
Other
,
2.00
10.00
'
from
share
.
$5,664,711
-
S.
Army contracts
Approp,
per
.
1941
'
,
cents
40
1942
profit
Net income under U,
:/•
6.,^ He succeeds Arvid L. Frank, who .will continue
will return to active duty with Studebaker after
recuperating from an illness.—V. 159, p. 114.
:
'
•
'• / vv
doubtful
for annuities——,
of
since
Manager
158,
announces
it
Webster
announced,
(Including Subsidiaries)
Statements
9,678,246
accounts, net
loss
R.
^depletion
for
Provision
Quarter—
dividend
>
Years Ended Dec. 31-
Sept. 30, '43
"
___
Phosphate & Acid Works, Inc.—
a
.7,613,619
15,866,971 259,882,248
1940
Operating revenues
$20,317,922 $23,593,595 $18,967,994 $16,179,996
Oper. expenses & taxes
14,653,211
18,122,125 - .18,142,895
15,553,697
159, p. 114."
:•
.vV.''-';'-/
increase of 12.4%.—V.
.
Bradley Dewey
baker
1,623,840
3,679,393
2,906,424
9 Mcs. End.
Net
Studebaker Corpi—New President of Subsidiary—
v
I.
6,827,977
754.680
894,562
of Consolidated Income Account
Summary
v
;
.l:v
1539.
Stetson Co.—New Asst. Treas.-—
with
3,724,702
22,100,203 290,273,780 '
__
mos.)„_
V
during
& Webster
construction
Col.
i 2.50
Smith, Barney & Co.—--"4.00
Union Securities Corp.-—— 2.50
White, Weld & Co.
2.00
79,409,949
amortization—
p.
'
corporation
&
1,095,189
.
$20,
Treasurer.—V.
associated
Stone
2,917,197
26,288,031 271,908,353
'
^
(9
v
utility
an
declared
par
Wilkinson,
Stone
2,700,955
23,174.931 222,331,118,
the
holders of record Jan. 61'
15, April 15 and July 15, 30
''
•
stock,,
'
2,416,749
17,637,068 -148,954,288
Management
and
expenses
Depreciation,
Other
15,
Harry
Shields; & Co
103,653,092 131,829,053 111,090,522
expenses-
/
payable March 15 to holders of record
1943 were as-follows: March 16 and
60 cents each; Sept. 15r $1; and Dec. 15, 80 cents.—V. 157,
Assistant
Selling,, gen. and admin.
Net
the
have
(John B.)
2.75
,
rev.
follows: Jan.
Express ton-.
108,873,302
1941.
•
on
v.'
.
miles flown miles flown
15,508,952
'
——
1942
to
Co-, Inc.—. 1.50
1942
1941
Gross
sales
and oper.
$
$
$
revs.
(less disctS. etc. 117,113,844 154,876,033 135,866,707
Gasoline and oil taxes13,460,751
23,046,979
24,776,185
Net sales & oper.
recently ^ declared
was
15
'
Mail ton-
revenue-
miles flown
.
Electric Co.—Weekly Output—
Distributions
4.
p. 2355.
as
Curtis
Sept. 30, *43
Prov.
of-
output
common
March
4.00
Company—
Webber, Jackson
Arthur Perry &
9 Mos. Ended
and
as
Vv yJeffers, as Assistant Deputy
Corp.—-:—
& Co.—
& Co.,
Morgan. Stanley
Harris, Hall &. Co. (Inc.)——
Cost
were
Jan.
each; and Oct. 15, 40 cents.—V. 158,
The
/ the.
Beane
Merrill,
10.00
Hornblower & Weeks..
share
per
payable
'
miles flown
-I—
1940
.
$4,721,416 $28,323,000 $40,915,000 i
To Pay 40-Cent Dividend Next
■
Maynard H. Murch & Co..— -1.25
Corp.——1.00
Inc.- 4.00
Cleveland
&
Harriman Ripley & Co.,
E.
1943
,
Lynch, Pierce, Fenner
•
—;
First Boston Corp..—;
W.
cents
$25,
corresponding week last year,
Peabody & Cq.:y,——, 2.75
Merrill
"<
''. v
•
J
1939'
1943—12 Mos.—1942
1943—Month—1942 "
Passenger
,
Revenue
Year—
-
$2,106,302
Standard Wholesale
McDonald-Coolidge & Co.—2.00
Laurence M, 'Marks & Co
1.50
% 1.25
.75
1.00
& Co
Fahey, Clark &. Co.—
Field, Richards &• Co
First
40
par
;
Corp
4.00
Mackubinr Legg & Co.—/yy 1.50
.75
.75
Curtiss, House & Co
&
"■
of Ohio.—
Oil Co.
Higginson
Lee
1.50
Blyth & Co.. Inc..
4.00
H. M. Byllesby & Co., Inc.— 1.25
Coffin & Burr, Inc
1.25
Dam
"
Semple,' Vice-Presidents,:;
operating companies in the
'Standard Gas &"Electric Co. system for the week ended Jan. 8,: 1944,
.' totaled .200,092,000 kwh., as compared with 178,054,000 kwln for: the
,'l''.V-li-'''
:y.y-;/.v.y! ;,"//•'•
Kidder,
10.00
Blair & Co., Inc
M.
of
stock,
Electric
■■-J c-°
Moseley & Co
Paul H.
J.
;
Standard Gas &
principal underwriters and the percentage
each
has
agreed to purchase are as
I
follows:
J.
'
——
2367.
p.
Payments
which
'
F. S.
v.-.I'/'.l-v:-ki
W.
with Standard
positions
y-;y
Underwriters
The
Department for the completion of these service' contracts as of Sept. 30,
1943, was approximately $21,000,000.
,,/s
v- • /-'
Operations—The following table shows certain-statistics relating to
operations of; the corporation during the five years and nine months
ended Sept. 30, 1943: ,:v
yl.v. ' .'l
1
company
property.
of
and
■
^
dividend
A
6,005,450
*.
the Sohio Produc¬
iSpringfield Gas Light Co.—40-Cent Distribution—
^
,
the
1, are
1943
issued and delivered to the Adams
54,847 shares of common stock in exchange for certain
1943,
17,
Hanneken
hold, similar
—i—
—V.
now
Dec.
W.
49.
p.
.
&
effective Jan.
subsidiary include W. T. Holliday, President, and
new
G.
Period End. Dec. 31—
offered, will be as follows:
■••.'•
y
■;
y> Authorized . Outstanding
5% cumulative preferred stock (par $100)__
120,000 shs. 120,000 shs.
41V;C cumul. conv. preferred stock (par$100)'
.101,389 shsl- 101,389 shs.
Common stock (par $25)
—
1,300,000 shs. *'811,112 shs.
20-year 3% sink., fund deb. due May 1, 1962
$15,000,000
$15,000,000
I?-*%' promissory note payable to bank, due
''l1-'/
■'«
$1,000,000 each May 1, 1944-1947—.
4,000,000
fOn
.
Spiegel, Inc.—December. Sales Off 55.5%—
;
incorporation approved by
capitalization of the com¬
was changed and increased.
The capital stock of the company,
giving effect tc the issuance of the cumulative convertible pre¬
Notes
a
1938
>
-
the
Swensrud,
all -of
By amendment to the amended articles of
1943, the authorized
after
three subsidiaries
simplification of the com-,
;.'. ''v.:
the merger of
.
Officers of
S.
stockholders on Dec, 22,
ferred stock
;/;>•'; /:
v,
"represent
to
Corp.
^
,
pany
;
announced
6
Co.,
The subsidiaries consolidated,
Capitalization
'
Jan.
on
Petroleum
Co., a crude-oil producing concern; the Sohio Corp., a crude-oil
purchasing and gathering organization,- and the Latonia (Ky.) Refining
direct activities are principally the refining and
marketing of'crude petroleum and ' products derived therefrom.
It
owns
and'operates three refineries located at Cleveland and in the/;
vicinity of Toledo and Lima, Ohio, most of the crude requirements
of "which are purchased by certain subsidiaries and transported to the
refineries by river barges and through the pipe lines of subsidiaries and
other companies.
The refined products are distributed, principally in
Ohio, and nearby states, at retail through owned, leased, and dealer
outlets, and at wholesale through bulk distributing plants, owned or
leased by the company and
subsidiaries, to jobbers and others, in-.;
eluding large consumers.
In addition the company is engaged in the
acquisition and exploration of prospective oil properties.
•
company
Sohio
company's
.
Inc., Pacific Air .Transport?,'/.and ..Varney;.. Air Lines, Inc;1/. ='■' r/< •/
corporation's present system! consists of-5,893 route miles and
flights over its routesps of Oct. 31, 1943; totaled 66*9511
.-miles daily.
'•••!"
v.".
-v. y;:'
*'. ■ ;/yThe corporation is presently rendering a number of services' to- the*
Army Air Forces under contracts, substantially all' of which, are on a1
3cost-plus-a-fixed-fee basis.; The aggregate amount.allocatedrby the War
The
scheduled
ing
In connection with these activities, it is engaged in purchase
ing crude petroleum and products derived therefrom, acquiring, through
lease or otherwise, and developing prospective and proven oil and gas
lands and interests therein, producing crude peroleum, marketing auto¬
mobile accessories through retail outlets, and in general conducting
foregoing.
of persons,,
30,045,624-
116,975,114 112,676,408
pany's: corporate structure."
asphalt.
The
mail - by aircraft since Dee: 28, 1934..
Certain of, its
predecessors were engaged in the transportation by-aircraft
property and mail prior to 1934, three of such predecessors
started operations in 1926.
Among the corporation's prede¬
were- United
Aircraft. As- Transport Corp.-' and certaim-of its "
property- and
.
■
..
transportation, refining and marketing of crude petroleum and-prod¬
ucts derived therefrom,
including gasoline, naphthas, kerosene, auto¬
motive and industrial-lubricants, fuel oil, greases, industrial oils and
operations incidental to the
..
Registrar,
"' 'I'V
.
!
12,000,000 12,000,000
$25)—18,906,625/ 18,906,625
4,391,648
4,391,648
Merges Subsidiaries—
The
into
y'.V;
in Ohio on Jan. 10, 1870.
Co. directly or through
engaged principally in the production, purchase,
Company incorp.
its subsidiaries,
is
prior to Jan! 1, 1954 (or until
into,,common stock of the
convertible,
July, 20, 1934,; under . the- name of United Air Lines . Transport Corp,
The corporation has been engaged in the transportation .of persons,
:
:
Total
r-v'
■vv..
i
yvf.
.
stock is
port,
History and Business
^
issue of 105,032
/'• transfer agent, City Bank Farmers Trust. Co., New York.
'National City Bank, New York.
yi; yvl^;'
augment
importance.
,
par
j
32,270,359
y'v
V " Application
stock on the
current
providing for the expenditure of approximately $4,300,000 in , i 5% .i preferred stock
Common stock (par
payment of the costs of completing the Houdry unit, the company esti¬
mates that approximately $2,000,000 of the proceeds of the financing
; Capital surplus
will be used for such period as the company shall deem necessary to
Earned surplus
y,
corporation at the rate of one share of common 'stoclc for each $30 '
value of 4Vz% preferred stock so ,converted... y . v "• wv
v
has, been made to list the 4Vz% ' cumulative preferred
New York"'Stock Exchanger
(r •
,' • /
,|;i' V
•
•_
payable.——
'"150,000"
150,000
U 211,087
212,903
liabilities.——-I——/1 1,040,861- ?• - 614,824
Total long-term debt—I 22,744,537'--. 23,151,743
Annuities and benefit' reserves.^——-.^-42.—- "1,163,974 ' 1,223,795'
Workmen's compensation—reserve
457,982
-■ 436,104
Reserve for
contingencies————'V. / I 32,798 ' ' 32,798
Other reserves
53,852 "" 'l: 18,895
:
t
2,613,464
93,932
:
10, 1944.
The preferred
:
vh'5,884,240
,
—
redemption if redeemed prior to that date),
dividend
Preferred
y,'
Jan.
:'-.1,955,232.
1,971,106
^
proceeds from the sale will be added to the general tui^s
of the company to be available for working capital, capital expendi¬
tures and general corporate purposes, .
.
' .•'■,'■'• '
', ,
^12,676,408
2,549,826 f 2,559,914
12,767,558
14,176,636
144,843
92,273
————
The
Command.—•
•
,
($10,503,200 par value) of 4%% cumulative pre¬
ferred stock ($100 par) convertible prior to 1954.
The
public offering consisted of 27,272 shares at $100 per
share,- the balance having been taken by common stock¬
holders under a subscription offer that expired at 3 p.m.,
Liabilities—
i
Accounts payable, trade
preferred' ranks on a parity with, the outstanding 5% pre-,
.
ferred stock and is convertible into common stock at $43 per share on •
Salaries, wages and commissions
or before Jan. 15,
1954, and thereafter at $50 per share.
'
-Accrued taxes ■—
Transfer agents are Chase National Bank, New York,* and National
Federal income taxes (less U. S. Treasury, notes,
tax series)
City Bank, Cleveland.
Registrars are J. P. Morgan &' Co.: Inc., New
Accrued interest
York, and Cleveland Trust Co., Cleveland.
...
y
'
;
The
•
shares,
3,175,515'
:
',"
■
the unsubscribed portion of an
13
Jan.
.
116,975,114
v,
Preferred Stock Offered—
Ripley & Co., Inc., headed a group that offered
Harriman
_
11,573,789
of the new
fixed
Total
586.
158; p.
United Air Lines, Inc.
certificates.—7,543,750
,U. S. Treasury bonds—!
100,000
Notps and accounts receivable, net—
—_ — •
13,496,286
S.
U.
The new preferred
stockholders at $100 per
each
Ferry
F,
A.
,
underwriting group.
chased by the
R,
with*the
contract
under
serving
now
Consolidated Balance Sheets
Assets—Sept. 30, '43 Dec. 31, '42
Cash on hand, demand and time deposits———
10,105,003
12,924,344
preferred stock
(par $100).
The shares were first offered to common,,
stockholders and were well received, with 96,030 shares
being taken by exercise of the subscription warrants
which expired on Jan. 5, 1944, and the balance was pur¬
cumulative convertible
shares of
Monday, January 17* 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
220
primary
objective
of
the
.
company,
.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4247
159
Stock and Bond Sales
wS&■>Al-'iT
NOTICE—Cash and deferred delivery sales »re
New York Stock Exchange
«»
WEEKLY
-
YEARLY
-
C:
v
disregarded In the day's range, unless they are the only transactions of the day. No account is taken of such sales In
computing
the
for the
range
year.
United States Government Securities on the Mew York Stock Exchange
'
> Below we
furnish
daily record of the transactions in
a
Stock Exchange during the
•v
Total Bales In $1,000
:v-;!.
units
Jan. 13
Jan. Vi
Jan. 1.1
Jan. 10
Jan. 14
Daily Record of U. 8. Bond Prices
Treasury
2l/2S, June, 1964-1969—
111.23
( High
| Low
[Close
4%s, 1947-52
,
Jan, 8
C. S. Bond Prices
Dally Record of
Treasury
Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation
111.23.
111.23
I
is, 1944-54
:'/%• :■?///
:
-
.
Low
Total sales
(High
3% 8,
\ Low
[Close
I
105.18
:
Close
Low
•
Close
in $1,000 units.
[Close
i
High
2s,
J
—.—
(High
~
-
Total sales
$1,000 units
1946-48
\/y-
2y»s, 1954-56
Low
1947—
Low
—.
[Close
rHigh
3s,
,
High
•
;
Low
—
Total sales In $1,000 units
//■//•y.yy-
1
■
;
.—
(High
2%S, 1952-55—
105.18
Total sales in $1,000 units—
Total sales in
[Close
105.18
Low
100.10
8
in $1,000 units
%;;v'/y/\v
[.C10S6
3yes, 1949-52—
100.10
;
Yes, 1951-53
Total sales
100.25
{High
•
-y:';./'
100.10
(High
\ Low
<>
3y8S. 1946-49
'/•/
100
\ Low
J High
100.25
units
'
'
2
Jan. 14
100
[Close
100.25
Jan. 13
100
100
Total sales in $1,000 units
f High
1944-46
Jan.12
100
[Close
.
[close
Total sales in $1,000
the New York
3
f Low
'
on
100
Total sales In $1,000 units
■
Jan. 11
(High
—.{ Low
2%s, 1967-72
:-.v:
Jan.10
[Close
■>/%:/
$1,000 units
in
$1,000 units
3'As, 1946-56
Jan. 8
(High
Low
-
4 2%s, Dec., 1964-1969
[close
-v■■■*/■•;,%"■
Total sales In
{
Total sales in $1,000 units
—.
'> (High
■
coupon bonus
Figures after decimal point represent one or more 32d of a point, (See note below).
current week.
Total sales
Low
in $1,000
*
units
.
.
1
[Close
(High
2s, March 1948-50
$1,000 units—_i
Total 6aies in
3s, 1951-55—-
Total sales
Low
——
In
$1,000 units.
2s, Dec. 1948-50
Total sales In $1,000 units————
V
4 High
111.25
111.25
111.24
111.25
111.24
27/bS, 1955-60——
■
Total sales in $1,000 units——.
-
( High
\ Low
[Close
111.24
Low
Close
;
'
-
■
[Close
-
low.
■
Close
[High
Total sales
in $1,000 units——
(High
\ Low
2s, June, 1949-51
*1%
[Close
'
[High
Total sales
in
103.11
103.11
103.11
$1,000 units.
>
I
2s,
(Close
Total sales
[Close
Total sales
Low
109.3
Close-
109.3
,:
' vr ;
.
...
(
Total sales in $1,000 units
1
«
(High
2s,
Low
[Close
Sept.j
.J
1950-1952-
Low
[Close
Total sales In $1,000 units——.—
Total sales
In $1,0:00
units
3
_X—
Hign
•
(High
Low
.
2'As, 1958-63
Low
•
Close
1
I High
•
-----
(High
-
$1,000 units—
\
in $1,000 units
4
2s, March, 1950-1952——,
—\
'' V
«
(High
-T Low
'
109.3
23As, 1951-54
2'As, 1956-59
units
2s, Dec., 1949-1951——
(High
v;.
in $1,000
,
Total sales In $1,000 units
■
(High
•{ Low
1949-1951
Sept.,
Low
Close
'
$1,000 units
1 'v"S
High
2%3, 1948-51———
Total sales In
in
103.11
103.11
Total sales
103.11
—Low
[Close
2%S, 1945-47
2s, 1951-1953--—Low
"
«"
[Close
Total sales in $1,000 units
High
2s, 1951-55
—
—•
Low
100.5
100.7
100.5
100.7
100;5
100.7
"
[Close
•
Total sales In $1,000 units—
%/
2%S, 1960-65-
(High
Low
——
»
>
[Close
C
•
1
Total sales in $1,000 units
•
in $1,000
units
(High
(High
2%S,
2s
1 Low
1945
o.;',:\..r
Total sales In $1,000 units—
'
1953-55—.—
'
'
[Close
(High
Low
Total sales
Total sales In $1,000 units
(High
2%s, 1949-53
Low
!
,
5
(High
Total sales
5
(High
3s, 1944-1949.—Low
Low
1952-54-
100.13
in $1,000 units
-
High
100.13
\
3V4S, 1944-1964
.
100.13
Low
(Close
'
Total sales In $1,000 units
2 Mas,
"
'
,/
[Close
vvvo
units
Low
•
.
Federal Farm Mortgage
106.18
(High
2%s, 1950-52
in $1,000
106.18
„
'/■//■'/
(High.
■
106.18
[Close
./v.v-y,-',
'
Total sales in $1,000 units
-
•1948---^----^---—j .Low'
(Close
[Close
Vy/v:
Low
I Close
'
.
.l3As
1
1948
—-I
1
Tbtal #al«« la $1,000 units———
■
2%S,
1
50
Close
.'
,
Total sales
2
[Close
Close
Total sales
Total sales In $1,000 units
in $1,000 units
——
( High
2%s, 1956-58
—A
—
Low
Home
Owners
Loan
[Close
Total sales in
$1,000 units
(High
:
2y3s, 1962-67
i Low
I Close
Total sales
Total sales in $1,000 units————v.
•'
%s,
1963-1968—
Total sales
'
in $1,000
\
100.2
Low
[Close
Monday
Jan.10
$ per
*60
■
e110
53
60%
112
'
10%
*47
53V4
*52%
11 Vb
29.1/2
♦Odd
41%
41%
*70
;v
6%
,
■
;
128
10%
10%
10%,
29%
29
29
20 %
20%
20%
41%
41
41 y8
75
-•
6%
128%
6%
129
*72%
75
6%
6%
129%
129%
*28%
4iya:
20y4
40%
40%
75
75
6%'
*128
•
i
75
61/2
-6%
130
130
2%
2%
2V'4
2%
2%
2%
24%.
25%
2%
2%
25%
26 V4
24%
25%
25%
24V4
24%
25%
25%
26
24%
24%
24%
25%
25%
39^4
40-%
*38%
39%
39%
39%
40
26%
27%
26 %
27%:
26i%
26Vi
26%
37%
37%
.26%
26%
*69
37%
39%
26%
'.
73
26%
*69
9%
*149
9%
150
.
73
1147
14%
*70
9%
•
148
9%
73
9%'
=
149%
For
32
14%
-
14%
31%
31%
*14
footnotes
see
page
231.
31%
10
149%"
.
.31%
•*70
148
14%
*14
32
31%
73
10%
149
14%
31%
bond.
Range for
Range for Year 1943
STOCK
EXCHANGE.
/Lowest
.
v
I per share
$ per share
*70
.2%
25;
.
75
*70
10%
10%
10%
147%
148%
146 %
*14-
30%
14%
31%
.
:
75
6%,
130 '
43
-25
41%, Jan
5
par
7% Jan
6
Par
25% Feb
2
3
57 Va Sep 18
13
Apr
7
32% July 13
Corp————. -10
;
No par
14% Jan
8
21% Mar 30
10
38% Jan
8
48%Jun
1
29%
Apr
28
76% Sep
3
61
Jan
Steel
.100
Co—-—
No
Adams Express—
Adams-Millis
Corp
Air
—No
108
160
14,900
26%
6,500
2,000
26%
5,800
Alghny Lud Stl Corp
Alleg & West Ry 6 % gtd—
■
75 :.
1,800
1,600
*14
14%
100
31
31%
4,800
67
Vicksburg Ry_—. .100
-10
Alaska Juneau Gold Min
Albany & Susquehanna RR—_. .100
—1
Allegheny Corp———
5i%% pf A with $30 war——. .100
5%% pf A without war——. .100
$2.50 prior conv preferred-No par
'
15,000
-40%
Reduction Inc
Alabama &
30,900
2%
101%
113
May
Sep
115% Sep 29
Address-Mutigr
261%
148
Mar
31
9
23
Acme
110
/■;■ 1,
May
104
4
Nov
51'% Jan
No par
preferred
3,000
''
.
$ per share
37
35% Jan
4%
2,600
/
Highest
f per share
63 Va Mar 12
Abbott Laboratories
500
Previous
Year 1942
Lowest
Highest
52
July
39
Allen Industries Inc
Allied Chemical & Dye
Allied Kid
Co-
Allied Mills Co Inc
Jan
3% Jan
7
85
Jan
25
;
Jan
11
5 Va Jan
2
Jun
26%
Dec
16%
Dec
—
No
3 % July 14
32% Sep 25
3Va
3Va
16
64
15
75
57%
1
7
par
-.5
No par
Jan
19
140 Ys Jan
9
10% Jan
8
1.6/4 Jan
4
69
9%
Oct
4
Nov
94%
Feb
%
Oct
Apr
6%
Nov
Apr
6V4
Nov
17
Jun
Jan
May
22%
Nov
73%
Feb
4
3%
Apr
7%
Dec
July 15
118 Va
Apr
10
May
May 26
11% Jun
165
41% Dec
;
69% July
A Jan
31% Sep 25
45% Sep 25
31V2 July 2
—
Mar
1% Mar-
7% Apr
6
128% Dec 28
11
Jan
Jan
18%
11
2
Jan
Nov
Jan
5% Jan
13
,
Dec
48%
8ya
18 % Jan
par
Dec
Apr
..100
Nc
51%
5%
•
20%
•
25
'
fa
registered
Abraham & Straus————No par
5,300
1
of
Par
800.
201/4
41
,
;
.
29%
201/4
^Transaction
STOCKS
NEW YORK
60
48
■
24%,
24%
*24:V4
>14
10%
20%
6%
*127%
2%
2%
11
*47
for
/ 600
'54%
40%
128%
6
6%
126
54%
29%
1
,/<=.'
110%/:
54'/4
10%
:
sales.
Shares{
60%
*109%',
*53%
11
*72
112
54
10%
29%
75
*60
48
54
*29
$ per share
60%
*47
53%
40%
40
*71
*109%
the Week
50
53
29%.
*20
75
110
*47
60%
Sales
Jan.14
S per share
61
110
50
Friday
Jan.13
S per share
20%
29
20
■
Thursday
Jan. 12
*60
lot
RECORD
PRICES
Wednesday
"•
112
*47
10%
10%
29%
20
61
*110
48%:
53
SALE
,
Jan.11
I per share
48%
.
HIGH
Tuesday
60%
*110
112
*47
AND
60%
60%
[Close
Total sales in $1,000 units———
8
$ per share
share
(High
—{ Low
■
NEW YORK STOCK
Jan. 8
100.24
100.2
-
LOW
100.24
100.24
units
100.2
units.
Saturday
in $1,000
IV2S, 1945-1947—-—-
(High
2
(High
—-j Low
{Close
1944-1952
3s, series A,
14% May 22
37% Nov
17
\
11%
Apr
149
Jan
Jan
12 Vb
r
Jan
u%
Nov
Monday, January 17, 194'4
CHRONICLE
COMMERCIAL & FINANCIAL
THE
222
stocks
LOW-AND HIGH SALE PRICES
Saturday
Jan. 10
S per
14%
15
14%
*96%
97
*96%
97%
*28
30
86%
*85%
86%
30%
*29%
30%
86%
*30
17%
*60%
11%
10%
8%
;
72
71%
23%
*10%
io%
15%
85%
1,100
31
31
31 Vb
1,200
*30 Va
59 %
60%
59%
59%
1,500
American
Airhnea
60%
17%.
17%
17%
17%
1,400
American
17%
Bank
60%
61
61
85
>
71
23%
*
*108
112
35%
••.:>
35
,111
"
Am- Chain &
.700
<300
15%-
*100%' 103
*100%
113
112%
113
112%
2%
2%
*
9
7 >4
*25
35%
'3%
67%
6%
*6 V.
/
46
16%
15%
82%
82%
14%
9%
*23%
119%
*33%
34
.
47%
46 %
42%
41%
.
81
82%
83
14%
14%
14%
14% : 14%
9%
23 3 4
23%
23%
120%
119%
119%
119%
33%
33%
*118%
2%
2%
2%
45 V4
41%
42%
411/4
42%
40Tb
9%
66 %.
*14
14%
*14%
27 »/a
27%
27%
27%
37%
38 Va
147%
148 Va
150
*146%
'
147%
'
11.1%" 111%
28%
156%
59 %
59 %
60%
61
139
139 V
9 Vi
9%
43%
43% '
*27%
156%
•
16 Va
i
18%
19%
V- 18%
30%
*
111%
.30%
28%
156 %
156%
156%
156%
59%
59%
60
60%
61%
61%
142%
142%
139
118
86
*84 Va
"
20%
21%
>20%
21 %
*20%:
21%
*20%
21 Vb
2%
44
9%
9%
92Va'
92 %
•5%
*9%
104
9%
13 Vs
13%
13 Vs
13%
93
93 Vb
93
94
89
89
*86%
88
39
*37
*104
105
>.
83%
83 %'
27 Va
27%.
27 V8
56 %
104%
56%
58 Va
82%(
83 %r
27 Va
27%
■
; V
27 Va
28
*57 %
59%
1
111
111
11%
54
58
57 Va
58
57
*114%
116
*115
116
74%
4
'
*73
3%
4
:
20 Va
7 Va
8
*7Va
74
15%
19%
20%
15%
%
54%,
56 Va :
:
:
15%
8
7%
73%
3% ■V'4'U
73%
74%
4Va
20
57%
116
831
27%
27
60
,
*14%
7%
73%
73%
72%
» 6
3%
4
3%
20%
19%
20
19%
6%
6
6%
6'a
6
6%
"10 '/a
10%
10
10%
9%
9%
9%
9%
9%
9%
*9%
61%
61%
61 >2
61 Va
61%
61V2
*60 Vb
61%
24%
24
24 Va
24%
24 Va
24
24%
24 Va
12
12
6
56 %
56%
111
71/2
7Va
72%
73
3%
,._4
:<
55%:
7,900
.
500
-
%
*12%
.
103«
11
12%
*12%
12%
45 :
*44
45
12^8
*44
10%
11
10%
V
*9%
9%
12 Vs
.
*61V2
24%
12
*44
45
300
1.300
270
72 Va
900
4.900
'
1,700
12%.
->
45
16%
16%
16%
16"a
16%
16t8
16%
16%
17 Ve
15%
16
15%
16
15%
15%
15 %
15%
27
26%
26%
*26%
26%
2634
26%
33
*32
33
*32 %
33
*32%
33
109
107
107
106 Va
107
106%
106'
*26 Va
*31%
*107
*10%
*30
10%
11
32
115%
*113
*
10%
*31
120
10%
31
31
32
*114
10%
116
116
263a
10%
*30
*114%
32%
a
105s
32
117
*107
10 %
*30
*114%
3.500
700
900
32%
100
10.9
2.700
10%
a
*10%
10%
10 3
8
10%
10%
10'4
*10%
103-4
14%
14%
15%
14%
1538
141,4
143s
13
13%
34%
34%
34%
34%
34%
35%
33 3 4
35%
33%
34 Vs
For
footnotes
see
page
231.
prior A
4%
-
of Del (The)
& Ohio———
preferred
Bangor
&
Aroostook
preferred
Barber Asphalt Corp
Barker Brothers
5%% preferred—
Conv
5%
.
Beech Creek
Bell
Aircraft
Bendix
Corp
Aviation
16% Jan
HlVaJan
8% Dec
1% Jan
34- Jan
.
3 Jan
46 Jan
49 Jan
30 Jan
6% Jan
4% Jan
92 Feb
1 6% Jan
Apr
58% Deo
5%
Jan
18%
61
9%
43%
72% Jan
Jan
Jan
Jan
44% Jan
66
Jan
59
29
100
20
—No par
1
5
Dec
176
Oct
33
Jan
73%
Jan
20J/a
May
'
103
.
{
Dec
54% Dec
7% Dec
.
22%
Jan
IOOV4
Dec
•
May
92
Dec
.
.\fL">-;'
'..
:
Dec
/.V 14...
2
15
Jan
Mar
110
.
Mar
>: 3% May
6
27
104'/a Jun,
128
*
:
,
,
%
41/4 Jun 10 >"
16'A
i; May 10
16
&
9
,
Dec
25%
Jan
18%
.7% Nov
V;
Jun
87% Jun
Nov
3
Jan
31/4 May
Apr V 5
10
>161/4 Nov
,7% Mar
291/4 May 18
2
Dec
.
491/4 Dec
Jan,
Jan
8%
Dec
17 >•;- 10 V* Jan
25% Jun
36% Apr
1
42%
Dec
IV2
July 14
26
78 Va Jun
35 >
Oct
3Va
Jan
.
6
4Va Apr
2 % May
•
Sep
Oct
36'/4
22
32V2
5
x36%
Apr
56
Dec
May 27
1%
Jan
2
May
40% Jun
70
May
5
20
6
7 % Feb
2
47
Oct 27
66 Va Sep
Oct
Nov
Jun
10 »/4
Jan
9% Apr
1
4
27% Apr
7
125% Nov
12%
Dec
7%
Nov
1
May >
Apr
.4
.
16
113%
23% Mar
26%
21% May
% Mar
48% Oct
29
15%
29
8
23
14
24
12 V2
Apr
Oct
16% July
69% July
6 V4
142V2
Jun
9 V2
May
Jan
12
Jan
Apr
4% Mar
9%
Nov
4
6%
Feb
141/2
Dec
May
52%
24
32% Mar 23
Jan
Nov
36%; Oct
Apr
Mar
-144
136% Jun
16%
Jan
43
148%
35% May
132% May
29
Oct
35 Vb
May
1
Aug 18
45
Apr
3
151% Aug 31
29% May 29
161
Dec
Nov
165
8
47% Apr
16
Jan
22
3% Apr
59'/a
15V4 Apr
18
Jan
il Jan
26V4 Jan
•
Apr
45 Va Oct
Feb
119
Feb
Oct 29
4V4 May 10
173
Jan
40V4
61/4
10 Vs Jun
11% Jun
Nov
7
15
15% Jun
36
5%
v
,
35% Mar
v
6
17% May
821/4 Sep
4%
Dec
37
Mar
25
•
v;;; 2% Apr
9% May
21%
Jun '
Nov
Feb
9% Jan
12
7%
24c
17% July 15
33
Jun
2
115
Aug 31
12
Oct
211/4
Jan
971/8
Jan
23
Aug
Jan
15,
Mar
78% Mar:
32% Aug 11
17 7A
158'A July 22
101'A
Apr
134%
Jan
63% July 15
33%
Apr
49%
Jan
34%
Apr
65% July 14
.
146% July 23 '
12% July
1
49% Sep
.
50%
:
Jan
7%
Nov
•
3% Apr
4
12
33%
108% May
Dec
116%
Apr
Jan
'
9
88% Nov
1%
7
7
,
2
2
2
5% Jan . 2
6
9
5% Jan 13
30
Jan 4
12 Vs Jan 2
13% Jan 7
7
16
22
30
25
2o
9% Dec 3
9% Nov.-9
33 Nov 8
Jan
17
Jan
May
Oct
1% July
Mar
Dec
36
Apr
4V8
Jan
Sep
67%
Feb
Oct...
66
21
Jan
33%
Dec
81/4
Nov
2% Sep ;
•
...
;>
5% Mar
2Vs
5
Oct
121/4
40%
Dec
79
4
15% Jun
112% Mar
42
31
5
10% Jun 26
106 Mar 16
6% Jan 4. :
50V2Jan 14
52
Jan 9
113
Jan 12
7% Jan 7
2% Jan 21
28% Jan 5
3Va Nov 9
30
27%
18
10 Vt Jun
Jan
Dec
1
27
23
6% Sep 20
28
110
Jan
28%
Jun
7% May
40% Jun
-
Jan
50
107
47% Sep
84
.
5%
24
Mar 18
Sep
Jan
3% Apr
12% Mar
8
7
23 Va July 15
•75
Jan
76%
22% May
29% Apr
14% Apr
31% Feb
Feb
5%
38%
31% Apr
.«
70%
■■•■
54% Mar 30
•
•
<
.' Nov
4
•
51% Dec
8% July 16
116
Apr
Aug
T3% Dec
39.
>
V 79% July 21
7V4 Apr
Jan
143%
Apr
22
2
May
Jan
120
20
I2IV4 Aug
24% Nov 29
19- Jan 8>
44
Jan 4
18% Jan 7
(
16
69
>18% Feb 25
34% Jan
; 12
Feb
-50
3%
74%. Deo
,
-
105 > May
•
112% May 10
9
7
2434 Jan
105% Dec
7% Nqv
25 A Jan
93
Jan
-
Feb
55% May
July 10
24% Apr
7
116% July 23
27>
--4:;
11
7
5
4 •'
7
2
23% Jan
20
1
130%
Mar
May
'
Oct
Jan
33
,
Apr
Apr
56%
80
11% May
Nov.
6%
,
Apr
%
1
4
45% Jun
Oct
49
.
Apr
120
185% July-29- -159
20
2
—100
>23
Oct
Nov
91/4
,
,
3% Mar
-
Aug 18
Vi May
9
;
70%
38%" Apr
91% July 15
-5
10% Jan
3% Jan
6
Jan
29
7
Sep 13
July 8
Dec 31
Nov 30
Apr
8
July 14
134
20
14
5
11
2
2
13
—100
100
50
-
Belding-Hemingway
5.600
3
—10
No par.,
-50
Barnsdall. Oil Co
-5
Bath Iron Works Corp
1
Bayuk Cigars Inc
...No par
Beatrice Creamery—-—
<—25
$4.25 preferred
No par
Beech Aircraft Corp..
1
100
33.800
100
No par
No par
No par
Corp—;
Nichols——
400
.'
13%
;-
RR
Beech-Nut Packing Co
10
32
116 V
40
4.000
26%
10%
*10%
Atlas Tack
preferred
Baltimore
16,000
80
15%
conv
Austin
$5
.—No par
Powder.
Baldwin Loco Works v t c-
912
45
6%
Aviation Corp
62
15 %
4%
Atlas
16.600
10T«
16%
*44 %
>".
17,200
6%
45
non-cum
12,400
4.
19%
24 3 4
preferred——100
Refining———————25
conv pref series A——100
Corp—
——5
preferred--;
;
50
-5%
Atlantic
5%
7Ve
-
preferred—
———100
Associated Dry Goods———
1
:,
6% 1st preferred-———*100
7Vc 2d preferred
-100
Assoc Investment Co—---—-No par.
5% preferred
100
Atch Topeka & Santa Fe__
100
5%
preferred
—
100
Atlantic Coast Line RR
,—100 >
Atl G & W I SS Lines————1
7%
Atlas
15%
•
•
••;
preferred ———100
Armstrong Cork Co—
-No par
Arnold Constable Corp
5
Artloom Corp
—No par
v',"77c
.20
116
•
25V4
9
4
24^ Jan
Co Inc.—-5
Archer Daniels Midl'd—-—No par
/Armour & Co of Illinois————5 ••• •
$6. conv prior preferred——No par
.480
56%
56%
15%'
•
140
121/4
24
0 ?
24V8 Nov
.
A P W Paper
100
4,600
.
50
Mining
Cable—_—No par
Anchor Hock Glass Corp-——12.50
$5 div preferred.^
—No par
Andes Copper Mining
20
'
111
15%
200
.
25
24 Tb
*115
116
.
.
60
*57
*54%
116
> 5,700
27%
55%
15%
-
27%
>54%
ry 1'
i 72
<
,27Vz
27%
28
11%
'2
<7 1
83%
1,200
11%
57%
*14%
10,100
110%
12
10
83 Va
11%
54%
200
.
57%
110V4
110%
>
39
103%
83%
25 !/4
25
290
56%
60
*57
:
2,800
2,180
,
57
27V4
*27 Vb
28
116
*115
a
6%
19%
Va
84
■•'.• 1134
'
16 %
*15 %
>110%
11%
56%
571/4,
89
*102
103%
40
95 >•
*36%
37
-
*102
25Vi
25
54
58
*114 Va
*57 >:
54
*53
*
>
*26va
111
110%
11% >12
54 ' v '54
12
12
*83%
27
25%
25 J/4
.
56%
28
>57
25%
37
:
103%
59%
*26 %
*26%
59%
26
39
*102
104%
28
HI
88
88
•
83
25%
*86v4
*37
>
39
500
13 %
.94
88
200
104
13
13%
*37
25%
104
104
800
9 Ve
9 Vb
104
610
9%
*9%
.9 Vs
104
:
38%
38%
9%
9 Va
93
*86 "4
*110%
37%
934
9%
13%
83
59%
37Ta
9%
104
3,400
.82%
100 ■;:/ 101
37%
200
•
21,500
>
5 Va
81
81%
93
56
*26%
44 %
5%
13%
56 %
56 %
*43%
92%
106
*104
400
13%
39
*37
300
*9%
91/4:
100
20%
116
2%
>'
5%
101
101
,
AnacondaWire &
10 Va
92 %-
88'
'
•
104
*102
'
102%
320
2%'
"37%
9%
/ *9V'4
-
81V2
83
14,000
100
s
Jun
42% Jan 11
Lead & Smelt
$5 prior conv
Anaconda Copper
:
48
*10
2%
:
Amer Zinc
Jan
18%
76 V4
-—100
—1
—
26 Va
*114%
43%
4
5%
5%
*101
38%
*38
38%
43 3
44%
.
82%
a
104
102
105
•
831
82%
85%
*102
13 Va
*43%
5%
2%
2%
*2%
2%
44%
5%
■
*9% V, 9%
9%
9%
104 ;•
,
•
-5%
38%
>.
*2%
*43%
i' .2%
5%
Preferred
—No par
No par
18%
34
preferred—-——-25
"/■■•.■
25%
20 Va
.
10%
*9%
9%
1,400
*26
116
*114
116
9%
10 >15
10%
9% '
*114%
116
*114
116
44
9%
*87
263-/4
/
1st
•>•
Dec
3% Jan 5
53% Jan 7
3% Jan , 2
55 /a Jan-:.- 5
> 3% Nov 30
Elec—No par
preferred
American Woolen.——
$6
H Auf*
,1% Jan
..
Mar
.
100
preferred——
Water Wks &•
Am
2,000
4%
25 Va
25Vs
25
25%
25 Va
68 Va
*45%
261/2
*47
100
25
—
6%
5%
1,400
6%
*438
.48
*45%
48
26%
9%
38%
13%
4%
4 »/2
'
89
68
4%
*2614
111
*9%
7,000
68%
4%
26
100
*102
68 Vi
26
83
38%
6%
>>'. 6Ta
6'A
6 V4
26%
89
107
6%
*85
25 Va
;
6
5%,
300
89
■/
25%
*114
44 %
85%
*85
47% :' 47%
2%:
*2 Va
Xll6%
,
68%
68%
4,900
6%
48 >
10%
*97/a
119
6%
■
44 Va
116%
10
B
preferred
L———-100
Amer Type Foundries Inc
10
American Viscose Corp—————14
.•
7,400
44%
*118
T
10 Va
X43%
9%
■
44
25%
?;
*20 Va
*114 > 116
*43 Va
9%
v-
Common class
650
142
—
—No par
Co—-——100
Tobacco——————25
•American
.2,500
62 %
61%
141%
100
—100
Telep & Teleg
Amer
2,000
par
par
par
Sumatra Tobacco-•
;Am
9,800
60%
>
61%
142'/a
26
27
*20
61
142
89
156%
60'/4
No
Stores
No
Stove Co
——No
Sugar Refining—:
Preferred
;
800
.
156%
60'/2.
60
700
■i
29%
"V 28%'
156%
156 V4
6%
293/>
V: 113%; 113 Va
28
25 Va
*46 Va
25%
*26 Va
>
6%
6To
.
4%
4%
4%
4%
•
68%
V
68
American
118
*85
American
American
27%
—
preferred
non-cum
Steel Foundries—
1,200
10%
;
16%;
:
7>/
Amer
1,100
45
"6%
6%:
6%
69
118
6%
89
*85
6%
68%
48
25 W
"v-
"*60
11,200
1,400
v
100
—25
100
-
"American Snuff-
43%
29%
142 >
44 Vb
Preferred
490
*18% '19%
61%
9%
,
118
VIITV2
6%
84%
4%
4 %
'
10%
45%
>> 6%
69
*46 Va
'
-9%
Amer
19%
60%
141%
142%
Amer Ship
.
>
29% T 29%
*112% 113 %
•| *18%
28%
61^8
61 >4
16%,
16
.
;
..No par
Building Co——No par
Smelting & Refg—i—No par
Seating Co
American
370"
6,100
26 Va
24%
25%
1 200
::>
147%
150
150
-
16 Va
113
60%
'
44 Va
84%
6%
*6%
69
•
60
147%
>42%
43%
•
38%
38
150
&
25
;
v
147
147
,30%
30
14%
*42%
*148
'
9%
118
37%
1561.4 156%
,
44%
6%
0
-
*27 %
9%
6%
6%
y
.113
43%
*117 Va
118
■
27 Va
37%
400
14%
*27%
19%
:
•
■
14%
*14%
25%
18%
112%
*27%
\
14%
14%
28
16%.
30%
112%
28
*27
14 %
pat
———-—--——100
Rolling'Mill———25
41/2% conv preferred————100
American Safety Razor--—18.50
'American
1,430
'
pat
Preferred
'
7,300
13 Va
65%
27 Va
150
25 Va
19%
13%
65%
*14V4
147%
16%
16
.<
.
149%
>
23%
25 Va
'"•
,
*42 Va ";••• 43%
43
150
30-%
30%
*30
148 Va
111%
v-
19 %
*
'<*19
"
37%
*15%
v
I6V4
*15%
38 "2
'*147
25%
25
28
38
150
*147
t
25%
25%'
'
••
27%.
*42
13%
66
28
38%
14% :
27 Va
147 Va
390
14%
14%
'
19,200
14%
*14%
.14%
14%
14%
'
9,900
9%
65 V4
66%
65v4
67
..
166%
9%
*164
166 V2
13 Va
13%
131/4
13%
65%
'
42%-
par
par
par
'American News
7,000
9,600'
2%
47%
9%
9%
Co_—^No
Amer Power & Light——-—No
$6 preferred
i
No
$5 preferred
—i—...No
•Am Rad & Stand San,',y——No
t: 420
2%
'
*
170
46%
•
41 Va
*164
166%
*164
700
33%
7%
.
1,500
'
9%
9V4
■
166 Va
9%
23%
42
46%
American
4,000
120
33
2%
46%
'
2%
13%
43
"v
33 %
45%
13%
*42
9%
120
preferred
50
Locomotive
—_No par
preferred ——
—100
Amer Mach & Fdy Co——No per
Amer Mach & Metals,-No par
Amer Metals Co Ltd— ——No par
6% preferred
100
8%. conv
10
2,000
83
^
*23%
.
120
47
*14 v
43
23
;
23
46%
9%
166%
33%
34;,';
34
...
14%
38%
9%
91%
9%
*9%
"
9%
V
14%
38
*
.
18,300
16 Va
82
*14%'
*42
>
46
45 %
•>; 15%
15%
■
14%
*13%
147'% 148
American
81%
*164
65 Va
66
"65%
Amer
800
14%
42%
13%
13%
13%
800
6 Va
83
9%
*164
166
166
15%
16%,
7%
15%
2 Va
47%
9%
'
9%
9%
46
*45%
46
*
16%
2%
42%
•
•
'PK
'>
34
2%
>>> 46%
6V4
No per
investtCo of- 111———1
Internat Corp—
7%
*6%
7%
6%
•,
23%
121
34 *
2%
2%
6 Vb
19% Nov
11
53% Jan 7
-2- Jan 2
37/4 Jan 1
4% Jan 2 v
,-5 % Jan 5
39 n Jan 2
7% Jan 2
68 Nov 8
12% Jan 7
7 % Feb 11
.20% Jan 4
H6V4 Jan 29
x26^ Jan. 4 ^
ie Jan
2
18% Jan 2
16 Va Jan 4
6Vb Jan 2.
154 Feb 3
■ 10 Ve Jan
2
54 Jan 2
v 8% Jan 6
12% Jan 5
25 Dec 1
36 Dec 28
144% Feb 1 .
' • 35% Jan 2
141 k Oct 11
19% Jan 6
>11% Mar 9
*2 Jan 2
; I7V3 Jan 14
9V ^an 5
21/4 Jan 14
12<3/4 Jan 2
; 42% Jan 2
43% Jan 2
129% Jan 2
6% Jan 14
32 Jan 6
115% Jan 8
100
preferred—
6Vc non-cum
•
Jan
Apr
43
o
35:' Jan
No par
American ice
100
62
14%
V
24
*119
119%
;
9%
9 %
24 %
7%
7%
6%
American Hide &
3,900
.
62
82 Va
14%
14%
7%
4 Va
4 Va
62
*61
■
American
•
Jan
Apr
30%
31 Vb Oct
^7 ; Jan 6
2?
>0 ;
> 30^- Feb 23 ;
>2% Jan 4
preferred A-——No par
Nov
81
V
86%Jun
Feb 4
'
preferred^^r--r--T->--^? Par;
Hawaiian'SS Co—-—10
Leather—.——--1
6% conv preferred—"
-50
American Home Products
—1
,
•1,400
4»A
66%
67
4Vs
4%
62
66%
,.
•
>;$6
41
*40
41
,,
3%
3%
3%
:
x66%
67
*45v4
•3,100
"1,500
•1,900
62
35%
16
82%
9%
>/
67
61
35 Va
*40
$7 2d
'
59%
3%
3%
v
10,800
'
41
800
2,900
.Thing—.—-l/--
14%
21
2% July 22
6 m Jan - 8 ;
American Export Lines- Inc
1 .J 22 % Nov. 8 ...
.Amer & Foreign Power.—No por
- • 1% Jan > •
;
$7 preferred-:^-——
No par
46% Jan 12
9,600
V4
35%
59 V4
35%
4 Vs.
47
*45%
-
81%
59
6%'
;
6%
.,
16%
24
17
7%
7%
16%
14%
72
16%
*61
62
*61 :>
"
46
46%
*45%
62
:
4 Via
4 Va
0',
*7% / 8 >>
6%
6%
7%
7%
70
16%
3%
67%
67. Va
4%
*61
62
*61
69%;;
i
•!
Encaustic
European'Sees———-No par
Amer
5Va
>: 5
'
*40
41
,*40
...
67%
4
•
4%
*4%
41
,*40
67%
41
*67
68%
35%
1
35 Vs
3%
>•>7 3%'
3% >3%
59
>:
61
35%
•ii->i-——>---1-—20
July
22
6%
V Apr
64
-
23% Sep
>6% Jan 26
13/4 Dec.30
97Va Jan 27
}£%Jan 8
42 k Dec 29
'
Co—.—-—---20
Distilling
American
400
"
'
16 Vs
16
*59
24%
16%
16%
*35%
24%
»
>>•/ 4%
69 Va
preferred—^—100
1st
Stamped
1,600
:.
2%
9'/4
4%
16%
>
Ame-
51
2%
*8%
.
24%
69
35%
6%
11,900
112%
:■#
American
80
i
24%
y
60 Va
51
15%'"
105
'
9
>8%
25
25
5 %-
111%
2%
*2%
9 :>
r, >
*8
-
If
15%
35%
*40
51
V
*58 V2
,
3%
51
2%
69
16%
16%
59
35%
51%
2%
*102%
112
50%
:
15
.
103 Va
111
25
5
5>
5
59
103%
103%
68
69%
16%
14%
1,300
.12,300
11V*
: 11%
11V4
14%
> 112%
112
9
Va
25
11 %
4% > 5
69%
68
5
5
69
*7
25%
*25
103%
2%
*2%
9
*71%
■
26
>
»
53%-..
51
•
2%
2%
1'4 >8
113%
•112
50%
£0
50
50
103
103
■>
103
11%
•'-
15
15
*11>
11%
/:
•14%
Co_;———10
Crystal-Sugar——;—--10
American Colortype
-
11
10%
15V4
-
4
2
.43V4 July 10
18Jan
107 Nov
9^
18
Dec
97
.
59VaNov 29
5
1
100
Cable Inc——No par
preferred———-—100
American: Chicle—r-r—.
N°. Par
conv
30
,
111%
-111
111 / ,r;
7vr*nbn-cdih"'1)fKerre3
900
70%
109
109
109
Brake Shoe
•
.
6,400
^•■.'•23% •"23%"
_.23.Vz,
;
1,600
1
310'.
85
70%
70%
70
*23 Va
111
173%
173%
-**108'%"
> 109%
rail
109 %
108
'111%
■'
35,600
34%
85
34%
>>
71
23%
>2314
-v40
9'/4
•
.
•
1
Co__—.No par
5 Vi %' conv preferred—
100
Amer Cable & Radio Corp.^—
1
American Can—_——i—
--25
Preferred u:
——^.100
American Car & Fdy
.^No- parAm
>•::> 1,100-
37V4
129%
173%
8%
.
__50
i—
Bosch Corp_^:
American
51,700
87/a
'>84%
*128
129
*171%
■
-—-—.10
10
tnc.
Note
preferred
6%
340
13%
>37%
37% V
.
84
-
35%
-
71
35%;
71%
>/
173%
35
11
8%
v
8^1/4
172 V2
>'
;
9
8%
85
173
37%
>>129
131 >
■>129
8%'
-60
60
10%
.10%.
1
38
37%
38
60%
*60
.
10%
V. 10%
11%
23%
<'*10%
14%
85
30%
35%
111% ..111%-
112%
85
17%
85
111
*109
110
110
x85
30%
23%
*111%
86%
6%conv
100
*59%
71%
:
23%
23%
86%
131
35%
35 %
>
35%
35%:
*71%
—1
Inc.—
preferred..
:
50
Amerada Petroleum Corp —No par
Amer Agricultural Chemical.lVo par
'■>>:
30
*23%
17%
173
•
173%
172%
"
173%
Amalgam Leather ..'Co
*29
60'%
37%
85
84%
84%
84%
>173
1,000
2 Va
21/4
28%
30%
130
8%
*
8%
■>■■■ 8%
8%
8%.
18%
ij .*2
,19%
*2 ;i/ :• 2%
•30
...
2V4
28 Va
2%
; 60%
,>11''
131%
*130
131
131
19%
;•<'
Alpha
17%
38
*37%
38%
*37%
19%
>
Mf$——.No par
Portland Cejn__
No par
86%
•
60%
10%
,
Allls-Chalmers
19 %
5,300
2,500
60
17%
60%
38%
30%
:
17%
17%
60%
96%
38%
86%
61%
'•>
61
60%
60 Va
96%
39 V4
.—100
preferred—^
5%
16% Sep
6Vi Jan' 2
73% Jan 7
26% Jan 7 17% Jan 7
% Jan 13
13Va Jan 20.
x67
Jan 14
23 Jan 2
52 Jan 27
8% Jan 5
47 Jan 5
4% Jan 4
27% Jan 2
127% Jan 4
3% Jari 20
71 Va Jan 2
168 Nov 30 >
■ 24V4 Jan
6.
par.
700
$ per share
$ per share
share
$ per
Highest
Lowest
Highest V
t per share
par
Corp^
Allied Stores
5,500
97 V8
38
■
14%
14%
'
19 V4
19 %
29
*28%
30
*28
38%
2%
2 VB
2 Vb
2%
38 Vt
97%
.
>s
Range for Previous
Year 1942
Year 1943
Range for
Lowest .>•',
'
EXCHANGE
,J
14%
.
STOCK '
Shares
share
S per
share
per
14%,
97's
18 7 o
19
.*18%
19
2 VH
*96%
39%
38%
38%
38%
38%
38%
*18%
97%
*963
i
V
15%
15
15%
14%
share
$ per
share
$ per
15 %
VORK
NEW
the Week
Jan. 11'
Jan.13
Jan.12
Jan. 11
$ per share
share
Wednesday
Tuesday
Monday
Jan. H
>>.■>
■
'
Sales for
Friday
Thursday
4%
Apr
82
May
41/4
22
39% Oct 20
108% Nov 30
94% July
53
77Va
> 83
Jun
20
Oct
July
6%
Apr
61% Mar
97% July 21
Jan
■■■': Jan
Jan
Jan
Jan
28%
Dec
81%
Jan
100 %
Dec
67% July 24
27Vb
Jan
53
Oct
22
60 Va
Jun
72 Va
May 26
19%
Jun
341%
Oct
36'A Oct
26
16%
Jun
34
Jan
Oct
20
33
45%
Jan
Apr
23Vb
Jan
99% July
90 Va July
38
68
28% May 27
13
13% May 29
113V4 Sep
57
Sep
28
Mar
14%
Oct
109%
Feb
61/4
Sep
7
Jan
46%
Apr
51
Dec
May
70
Jan
116
Jan
68% July 14
43
24
111
May
Dec 31
7
Apr
9Va
Jan
3'/4
Dec
123
16
Jun
9% Aug
4
1 »A
Apr
85V4 Aug
4
15%
Apr
'2%
Jun
9%
2%
6% Apr
8
20 Va Dec
31
7
14% Apr
6
12 Va Apr 29
10
Apr
63 V4 Dec
17
281/4 July 14
15% Sep
21
Sep
20
47
19% July 19
20% Mar 22
X29
May 27
33% July 24
Sep
Jan
Jun
14%
Jan
Jun
•>:= 4Va
Jan
Jan
4Va
Jun
71/a
4
Apr
;w6%
22
Jan
36'
•
15 Va
20
Dec
Nov
33 Va
Dec
Jan
12%
Dec
Jun
18 Va
Jan
Apr
x23%
Nov
26
Oct
'
12 Vs
Dec
13%
•
Apr
24% Aug
8%
Jan
6%
6Vs Mar
4 Va
Dec
4%
Apr
9
14% Sep
31
24
xllO
33V2 July 13
114
Aug 28
1
20 Va Mar 16
6
39% Apr
11% July
23%
Jun
64
30
Feb
Apr
110%
Jan
6% May
9Vs
Dec
9% May
17%
Nov
28V4 May
39%
Jan
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4247
159
NEW YORK STOCK
RECORD
STOCKS
Monday
Saturday
/•
Jan. 8
$ per share
18
i
V
18%
57
*35%
36%
$ per
57
•
■■
36%
15%
15 ft
58%
16'/a
58%
118
38%
*55
57
*36%
36% ..•;■•;.
15'/2
15%
15 ft
18
*55
V:--
I71/4"
17%
17ft/;
8%
*16
17%
*17%
17% '7
17% ;>
8ft
8%
:8%
16%
716%
161/4
*14ft
15ft
*14%
151/2
*91
97
*92
97
'■/
8'/a
8% 7/'
*16%
16 ft
*16'A
16ft
*14%
16
*14 ft
14%
*911/4
97
*92,
97
15 ft
*91
98
/
/
14%
l'
47%
*91 ft
92%
ft
48 ft
14%
14%
47.
48
14%
46%
*45%'
*91%
92 ft
*90%
93
91%
91ft
91ft
48 ft,
48 ft
X48%
48 ft
34%
34%
29%
29 ft
35
35%
34 ft
34%
35%
v-.;
34%
29 ft
34 ft
29%
3%
13 ft
35%
13 ft
13%
*40 ft
42%
*40 ft
40%
•40%
*41
42% 7 /
*40 ft
42%
91/4
9%
9%
27%
40
43 ft
40
42 ft
42%
14%
14ft.
29%
29
29»A
4,600
Borden
"""'34ft
34%
,,■135
4,700
Borg-Warner
1,000
Boston
9%
9%
-
27%
27%
-
40
*43
40
40
17 ft
17 ft
17 ft
17 ft
17%
8ft
8ft
8%
8ft
8%
8%
8%
9
116%
II6V4
*116%
6
6
■
#
6
*98
v:
/
39
43 ft
43 ft
,14%
14%
15
1,400
43
200
'..V
6ft
98V2
'
49 ft
49ft
101ft
50%
7%
7%
7%
7ft
17%
17%
*17%
17%
:
18ft
18%
18%
18%
33 ft
33 ft
28%
33%
28%
*107
12ft
33 ft
28%
109
;§®
*41
18%
18%
19%
8%
8%
9%
*116%
117%
118
6%
6%
99%
100%
12 ft
4%
4%
17
12
*
7%
28%
27%
4%
49%
50
60
49%
49 ft
49%
49'/a
48'/a
47 ft
91/2
9%
9%
9%
91/4
9'/4
28 ft
28 ft
28 ft
28 ft
28 ft
60 ft
60%
60'/a
•
48
*59
60 ft
9ft
*28%
28%
3%
....
,9%.
*28
:
'
3%
3%
3%
3%
131/2
13ft
13 ft
75 ft
76
13%
76 ft
13%
75 ft
76%
76%
76%
X74%
22%
22'/4
21%
21%
22
22
22
22%
21'/a
26
26
*53ft
^
26
*25ft
,
54
*53'/a
:
26
26
.
31/4
13%
26
54 ft
*53 ft
54 ft
%
iil
<
3%
13 ft
.
V';/V 13
*54
"
.
6ft
6ft.
15%
6ft
15%:
*24%
21ft
35
87/a
9
;■
8ft
8
*7
991/2
24 ft
24 ft
34ft
34 %
34 %
9%
*43 ft
1
7ft
*100
24%
*45
8%
5
'
430
;
1,900
700
100 ft
29%
29%
*4'/a
4%
/■
37%
'37'A
37
150
146
*45 ft
45 ft
*37%
37 ft
44ft
38
104
104
124
124'A
124 ft
104
•
36 ft
20
#
9%
8%
100
7'/4
j%
7ft
11,200
ft
700
44
44 ft
*44 ft
40
46
99%
46
too
100
38%
*104'A
11%
xl7%
17 ft
*17 %
17 ft
550
20%
20%
20 ft
20 ft
3,900
17%
17%
17%
17 ft
*17'A
20%
20 ft
20%
20%
20 ft
2ft '2%
*107% 108'/a
108ft
10 ft
10
25
•6ft
7ft
5ft
.
*115
34%
34ft
59
24%
:
9%;
24 ft
7ft
35
33 ft
5'ft
5%
5ft
60'A
.
59 ft
60'ft
18
*17%
24ft
*17%
24 ft
24%
109
109
109
:
10%
7'A
5%
25'A
5%
59'A
18
*173*
18 ft
*24%
109
109
25%
30
28 ft
31
28 ft
28%
45%
45 ft
45 ft
45%
45%
46
6ft
6 ft
6%
6'ft
6ft
#13
13
4%
12%
13
4%
5
5
:
"
45 ft
6
Central Violeta Sugar
7'A
59 ft
18%
31%
30%
32
3,100
Checker Cab
45%
45 ft
45 ft
7,200
6ft
6ft
6%
>•■/:'- 5,200
13%
13%
8,600
13%
13 ft
131/4.
•
'
4% ;
4%
5
18 ft
18
ft
18%
17%
17%
17%
*17'/4
16%
17 ft
47ft
47 ft
*47 ft
50
14'ft
*13 ft
14
*15'A
16
*15 ft
16
*1%
lft
.
81 ft
1-5*27
*75
*35 ft
*145
80
114
114
*40 ft
*74
"
16
lft
lft
28
27
27 ft
16
,>5 151/4
ift
*26
ft
ift- •:.
15% v"'
IV2
1%
*26 ft
28
60
28
80%
81%
10,200
ft
15 ft
15%
3,500
104
& 104'A
104 ft
1041/4
104'A
104'A
180
104ft 104ft
62
6ft'
*6 ft
37
*35%
*145
80
42
63;
37
152
*74
ft'
114
60 ft
6%
36 ft
36%
155
80
114
■:'
114
41%
41%
108ft
108 ft
92 ft
92 ft
*92%
93 ft
*92'ft
93ft
55
*53'A
55
*53 ft
55
*53 ft
;
.
*41
; •■
*145
*41
42
*108
109
*
*92'/a
93
ft
*531/4
55
*114%
160
41
300
*107
109
70
*92 ft
93 ft
*531/4
55
35 "ft
35%
36
36
36'A
35 ft
36%
35
ft
351/2
36
36
35 ft
35 ft
35 ft
36'A
36
36 ft
35'A
35%
35%
36 ft
148
*
148
114%
63
63
23%
23'ft
107
27 ft
63
23%
23 ft
107 ft
14
16ft
16 ft
14
14%
14ft
14'A
*13 ft
27 ft
27
26%
27
27
footnotes
see
28
114
16ft
16% *
14
14
27%
27 ft
114
Vi
14 ft
148
*114
107 ft
27 ft
114
*13 ft
For
*144
23%
27 ft
16ft
14
115
62%
*111
16%
148
*113
ft
106 ft: 106 ft
; '
'27%
nu
*14
*143
114ft
63
23 %
106'ft
*145
115
114ft
,*62%
23 ft
107
28 ft
*112
16
*13ft
*143
114 ft
#
*143
*114
114ft
63
62%
23%
23%
23%
24
24
106%
28'/8
106%
28
ft
106ft
ft
106%
28'A
28 ft
*112
116
*112
116
16 ft
16
16
16
16
14
13 ft
13 ft
13
14%
14%
ft
'
,
14ft
14'A
14%
14%
14
15%
14
14
14 ft
14
27 »A
27%
27%
27
27 ft
26%
26 ft
26 ft
27
27
26%
26%
27%
page
231.
26 ft
26 ft
15
*26%
-15 ft
14 ft
*26
Clark
.
100
—5
No par
Equipment
C. & St. Louis
;
No par
100
;
Stores
Ry. Co
100
100
preferred
pfd
No par
Clev Graph Bronze Co (The)
1
5ft preferred
100
Clev & Pitts RR Co 7ft gtd
50
Special gtd 4ft stock
50
Clev El Ilium $4.50
Molybdenum
Climax
4,200
Jan
22 ft
Dec
28%
Dec
3ft
Oct
200
100
(The)——No par
—-No par
Colgate-Falmolive-Peet
—No par
$4.25 preferred
—--No par
Collins & Aikman
—.No par
;
5ft
conv preferred———-100
Colo Fuel & Iron Corp——No par
{Colorado & Southern—100
4ft non-cum 1st preferred-—100
4ft non-cum 2nd preferred—100
Columbia Br'd Sys Inc Cl A
2.50
Class B
2.50
5,300
200,.
2,400
10
14ft-
ft
26 ft
580
3,340
50O
3,300
800
Coca-Cola Co
Class
Jan
118ft
9ft
116ft
54 ft
4
6
6
109ft
15ft
6%
%75
49
A———
-
July 27
May 10
May 10
Aug 17
.
Nov
Jan
33 ft
Apr
43
Jan
Apr
10ft
Nov
35
Jan
14%
Oct
Dec
8%
Jan
*103'A Mar
112 ft
Jan
3ft
Dec
2 ft
Apr
47'/a
Jun
.
; 85 ft Deo
5%
Sep
Sep
May *
19 ft May
14ft May
7ft
15ft Mar
25
6'A
20
44
Apr
Oct
6 ft
Feb
Feb
Jan
22%
Apr
53% Nov
ft
Jun
2
3ft Jan
3
Jan
15ft Jan
2
2
6
15 ft Jan
2
1%
Jan
9'A Apr
7
5ft
Jun
7% Nov
19 ft Apr
7
11%
Jan
16ft Nov
27 'A Dec
16
Mar 31
9'A
Apr
15% Dec
27ft
Dec
33
11% May
7
3%
Jan
47ft July
2f
29%
May
38
9% Apr
5% Apr
32
:
•>
Apr
77
,
Apr
July
22 ft
2% May
39 ft Dec
22
117
30
89
Apr
Dec
Jan
28 ft Nov
v
3ft Nov
,.
Jan
July 19
Feb
4ft Nov
38 ft
20
Dec
147
54 ft
.
Aug
7% Nov
37ft
lft Feb
6
6
Nov 18
Jan 12
May 13
Jan 4
Dec 28
16 'A Jan 11
xl03ft Dec 6
17'A Jan 4
108
Jan 7
13% Nov 8
Dec
16ft
31'A May 29
24ft Jan 30
67/a Jan 7
10'A Jan 2
96% Jan 4
27 .Feb 10
k Jan 13
J2 /a Nov 30
123
Mar 17
67 Feb 2
109 ft Jan 4
28 .4 Jan 22
101 A Jan 7
84
Jan 23
50 Feb 6
Dec
50ft
7
15 ft Jan 6
36 A NoV 24
48
Dec 22
lift Jan 12
13% Jan 4
1
Dec 7
Jan
17
1
8
6
4
Nov
95
Jan
Mar 27
8
4
10 ft
Dec
10
July 13
lft Mar
25ft Jan
Jan
6ft Mar
69 ft
56
46'A July 22
97'A Dec 31
6
21ft July
3% Jan
30 ft
Jan 25
8
Feb
Nov
24 ft
Sep
2ft
Oct
3ft
Jan
4ft
19%
Nov
ft Dec
~9%
Jan
Sep
18
May 3
Oct 16
Oct
26 ft
Jan
2 ft
40
2 > 29'ft Nov 1
2
5ft Apr
7
9ft Jan 5 ft 18ft July 2
65ft Nov 19
83ft Apr 6
16 : Jan 9
25'A May 20
Jan
Oct
lift
16 ft
10ft July 15
6
2'AJan
»,
Nov
6
4
May
Nov
21ft
28 ft July
9% Apr
31'ft Jun 7
Oct 26
Jun 7
2
Sep
9ft
Jan
7
10ft Apr
1
18 ft July 16 *
1
4
20ft
Jun
26
29% Apr
5
35ft July 19
6
May
30
July 14
May 21
Jun
5
'eft Nov 30
14 ft Jan : 5
8
31ft Nov
15ft
1
July 23
20ft July 10
10ft May 6
4
Jun
*15
7
44
44 ft
18 ft
42ft
Jan
Mar
7%
•
5
33 ft
33 'A
142
88
61
No par
No par
duett Peabody & Co
1,700
14 ft
*14 ft
15 ft
Corp
Ice & Fuel
2,500
140
63
28 ft
10
148
114ft
63
108
25
5
Preferred
148
63
116
Co
6ft ft
5ft
80
35'ft
'
Chrysler
City
Order
Copper Co
Chile
C. C.
115
35 ft
*62 ft'
5v
Chicago Pneumat ToolNo par
$3 conv preferred—
No par
Pr pf ($2.50) cum div
No par
Chicago Yellow Cab
—No par
Chlckasha Cotton Oil—
—10
tChilds Co—
—No par
Mail
300
••;'
35ft
*114
preferred
5ft
Chicago
'
12ft Apr
2 ft Jan
10% Jan
Co——50
50
Chicago Great West RR
City
41
42
109
40
600
*741/2
80
115 "•/
—*——5
_.
400
155
*145
155
*74ft
*114
A
Class
—100
.
Mfg
36 ft
36 ft
*74
-
preferred
6%
6ft
35%
6ft
preferred
City Investing Co
60
59 ft
x6 'ft
61
*145
80
114
,
60 ft-
6%
35%
/
.
61ft!
6%
•
6%
92 ft
*143
100
1,800
15
*107%
55
*151/4
81ft
108ft
*53'A
*14 %
i
15 ft
*107 ft
*92
:r
•15
*14 ft
80 ft
108 ft
*107
120
50
15
15 ft
114
*40 ft
42
*15%
V
lft
15
82
152
114
..
*14 ft
15
63'A
37
100
81ft
6ft
152
*331/2
49
50
1,500
15
62 ft
*36
17
39 ft
82
62'A
*145
•
2,100
-
15
104 ft
6%
50
:
5,900
•
81%
104 ft
>
■/:
i
4,900
1
17 ft
15
14%
104 ft
*6 ft
50
39 ft
90
••
81 ft
15
14%
*104'A
62'A
16
*1%
28
:,'A 81
81%
15
*15'A
50
50
*381/2
•-
5
19
16%
17
-17
38%
.:%•-:
3,600
.
■
ft
lft
:1ft
*27
28
*27
*47%
*14
5ft
38%
Feb
17ft Jan
lft
\ 30ft Jun
16ft Nov 29
18
Jan 5
99ft Jan 8
8ft Jan 13
33 A Jan 2
2% Jan 2
- 7% Jan
7
Chesapeake & Ohio Ry
25
Chic & East 111 RR Co——No par
6%
19
.
40ft
25
8
32ft Jan
.—100
—No par
Champion Pap & Fib Co—No par
Chain Belt Co
45
17%;
17%
1
28 ft
6%
18 ft
39
Products———
prior preferred
6ft
45%
17%
17'A
Copper——No par
28 ft
19
*38 ft
400
26 ft
17ft
*13 ft
V-
19 ft
109ft
18%
17ft
Certain-teed
980
25'/4
18ft
39
1,800
*108%
24%
109
18%
17 ft-
Cerro
24ft
17%
*38 ft
No par
100
—
de Pasco
7,800
108'/a
18%
17'A
Apr
Jan
Dec
95ft
19ft
3
4
Nov 30
Jan 7
Jan 26
Jan 4
Feb 1
Jan 2
Nov 26
16% Jan 12
l%.Jan 2
97ft Jan 4
3
Jan 12
13 ..Jan 2
3
Jan 7
98
Mar 19
x33
Jan 14
3
Jan 2
Co
Mills
Century Ribbon
Preferred
7ft
*18%
18ft."
39
50
6'4 Apr
40
26ft
/ 95 ft
119
96'A
v
8'A
16 ft
-
5ft
18%
17 ft
i
59
18%
*38 ft
Dec
43
18ft Mar
i
38'4 Dec 22
14ft Nov
1
45
Nov 12
32ft Dec 16
2d preferred————:
7ft
33ft
59
18 ft
700
2%
120
-.
*5
59
2,800
108%
33 ft
18
/
t;
*6%
*115
34
5 ft
ft
5
5ft
934
108%
120
13 ft
13 Va
13
5 ^
*27
6ft
July 14
9
127 ft Jan 21
Celotex Corp
24ft
*109
•
5,400
3,900
:
-170
109ft
24^t
J
109
prior preferred
series
5%
lift
*6 ft
59 %
?
No par
100
100
Celanese Corp of Amer
#7% prior preferred—,,
25 ft
*115
5%
60
-
—
10%
5%
5%
Case
•> 24%
33 ft
60 ft
Jan
21ft
13 ft May
3% Jan
-5 '
10%
34%
:
18
/
18
.
120
34
-
39
x85
100
Ry
Co—
24%
.'•
2%
108ft
7%
*115
34 ft
Steel
9%
2%
108'/2
91/2
24%
*6 ft
120
29%
.
9%
24%
25
•
2ft
•
*108
1
40
100
No par
5ft preferred
*—-20
Central Aguirre Assoc—'...No par
Central Foundry Co-—:
1
Central 111 Lt 4ft ft preferred—100
{Cent RR of New Jersey100
108ft
*2%
108 ft
*6 ft
*115
118
34 ft
2ft
.
9ft
25
*6 ft
118
*115
-
9%
•
25%
'
*2%
Oct
291/2 Jan 23
6% Feb 9
36ft Jan 21
4ft Jan 2
A—1
10
24%
17ft
20'A
2%
124%
70
190
116'A
17%
108'ft
6,500
,
125 ft
125'
..lift
20%
*2 ft
37%
36 ft
*104 ft -105 ft
105
124 ft
11%
20
30
12
75
May
May
30ft
15
2
14ft Jan
Apr
July
25
July 15
Dec
xl3ft Nov 30
1.3% Jan 13
..No par
116%
*17
$3 preferred A...
Carolina Clinch & Ohio
Caterpillar Tractor
11%
lift
class
Administration
Capital
.v
4,300
45
115%
lift
107ft
44 ft
115%
114ft
11%
Copper——5
(J I) Co new
Preferred
xllft
114ft
lift
51
35
% Jan
2
6VaDec 15
30
;
115 ft
115'A
11%
2
22 ft Jan 7
52% Jun 24
4,900
148
115ft
114'A
8
72
8
7ft Jan
13 ft May
96 ft July 29
Jan
Jun
58
;.t
Jan
66ft
Sep
lift
6
9
-1
-
Zinc-Lead
37 %
*146%
37 ft
*104%
■
1
25
100
124%
lift
56ft May
5
14
21
24
30
13
Packing——No' par
*—50
California;
Callahan
Carpenter
124
114ft
*
36
38%
105
conv
Carriers & General Corp—
124'A
114ft
Jan
19 ft July
19
.Jun
100
July
21 ft Mar
Nov 29
2ft Jan
41
Jan
21ft Jan
5ft Jan
20ft Jan
2ft Jan
preferred- —1
—30
Butte Copper & Zinc
;
5
Byers Co (A M)
No par'.
Participating preferred100
Byron Jackson Co—fti.——»-No par
5ft
500
36%
,
44 ft
44'A
290
124'A
.*11%
...
36ft
•
—
,
80O
.
148
*146'A
44%
*104%
4%
36'A
37'A
371/2
105
19ft
14 ft
9
20ft Jan
May
9ft Jan
preferred
*'■
100
Bldg 7ft preferred—100 ;
i
'
10
*291/2 % 30
*4 ft
4ft
29%
4%
148
44'A
Jan
105
1
Calumet'& Hecla Cons
2,300
99 ft
4'A
*146
44%
38
104
1124
t
37%
146
Deo
Apr
19ft Mar 6
lift Jun 17
Jan
5
Jan 26
16
Campbell W & C Fdy
No par:
Canada Dry Ginger Ale
—5
Canada Southern Ry Co.——100
Canadian Pacific Ry
25
Cannon Mills
No par
34%
9
*7'A
No par
Terminal—
3,200
24%
44 ft
.
■
1
100
2,800
24'A
29%
30#
Vs
Jan
29
Dec
Nov
24ft Jan
.
No par
Watch
6 ft
6%
*34 ft
*44ift
100
4
4%
146
45 ft
100
*29 ft
30
37
147
45
38
29ft
*4%
.
37 ft
*146
100 ft
100 ft
29%
4%
-
*4%
121
Apr
18 ft
.
par
16% -16'A
16ft
'
99 ft
*28%
May
July
105
24
6ft Jan
7
104ft Jan 12
3 " Jan
2
76'A Jan 8
43
Nov 30
-
preferred
2,400
34 ft
8%
46
1,100
2,200
21%
•
No
-
-
—
500
24 ft
*43 ft
7%
46
49 ft
6
40
2
Nov
13
par
Bush Term
wm
iff
24 ft
Bulova
55 ft
6ft
•:
*34
44 ft
7%
46
16.
9
*43%
8
7ft
46
r""'
44'%
Dec
121ft July 20
33
Jan 16
37 ft Jan
9ft Jan 2
29ft Jan
8
Forge CoL———1
No par
Butler Bros
-3%
:
No
6ft
25 Va
12
6%
6ft
16%
9
44 ft
*45
6%
16'4
*34
9
*43'4
45 ft
45 ft
34ft
6ft
16 ft
24 ft
25:
*34
44 ft"
*43 «■;
*7%
6%
Wheel
Buffalo
Bullard Co
410
*53 ft
55
1?
%
Budd
4,200
*25%
26
*54
54 ft
16%
16
24 ft
24%
*33%
6ft
15%
8ft
8ft Nov
-
Bush
13%
13%
75 ft
Co
310
75 ft
*3%
13 ft
*25ft
26
%
it
10
Dsc
20ft Jan
par'-;
.
28 ft
21%
.
-
i;t
■
,
•
28 ft Jan 16
lift Nov
8
20
Jan
7
-—,.5
7% preferred
100
Budd (E G) Mfg
No par
r
7ft preferred
-—100
$5 preferred————No par
9%
*28
75
'
Bruns-Balke-Collender—
Bucyruw-Erie
48 ft
9 ft;
,
3%
3'/4
3%
13 ft
:
8ft
4
2ft Jan
;
_ji.No par '
*
2,000
■60ft.
48
.
*
28 ft
28ft:
75 ft
'•'
9%
Shoe Co
Brown
5,900
'
4%
'
9%
Jan
28
69ft Apr
4
26ft Jan 13
■
>
...No par
5
1
No par
Burlington Mills Corp—
5ft preferred
Burroughs Adding Mach
200
12 ft
:
4%
48%
500
2,300
.
'
*59
60%
59%
500
1,600
110
12%
12%
4'4
V,
8,300
/
'
28'/4
:
*108 Va
'12%
414
»
1,260
.
|
33%
'28%
,
108
"
4%
510
-
•"
19
*33
331/4
331/4
108
12 ft
12%
4%-.'
*4%
X
•
18
19
-
60
10
8
*17ft
19 %
28%
109
107 ft
12%
ft
7%
17%
ft
33%
28%
28 ft
107%
7% ;
7,500
V,
51%
17%
19
*331/4
33 ft
28 ft
12%
41/4
58
No
Manufacturing—
Briggs & Stratton—
22,300
102
50ft
*18 '/a
814
7%
18 ft
107%
109
12%
4% t
:
:
—5
(assented).100
Bristol-Myers1 Co
Brooklyn Union Gas
2,800
i
7
6%
101 '
50
49 ft
50%
*17%
19
*33%
28 ft
*107
Corp__
Maine RR
&
40Q
.
43
*116%
101
50%
Sep
24 ft
22ft Jan
Roller
Bower
500
■
8%
//
6ft
fil/4
■
100;
7%
8%
17% ••'17%
18%
•
...
*17%
18%
18
Jun
Nov
54
Apr
17
..
t—15 ►:•;
(The)
Co
17
15 ft
17 ft
38ft Jan
par -v.
1
___
Briggs
39
•
*401/4
43
*40%
J
49%
v/;'
"
18
5%
99
14%
14%
.
42%
*40
117
5%
98 ft
-
2,800
.
27 ft
,
'
50
9%
27 ft'
43%
;
14%
118
98 ft
Inc
85
46 ft Mar
3
8
Jan
Jan
V 41ft Jan
3,300
5,500
40
*39'
44 —
/V *42 :'•'
39 ft
*49%
—No
_
Stores
.
Bearing Co,—^
5
Braniff Airways Inc
—2.50
Brewing Corp-, of America——15
Bridgeport Brass Co—
No par
42%
9ft
V'
700
13%
*40%-
9%
39%
14%
*115%
.13%
h *40% ■ 42%
42%
14ft
:
13%
,
3%
38
38
38
13
/'•■
35%
•;
3ft'
3%
*3%
38
27ft
"*14%
*115% 117
B
Bond
270
"
.
5
i—No par
■
■
44
14%
Class
1,700
4.
Brass
&
class A
Amt Co
48 ft
9ft
*39
40
40 '/a
*42
■
Bon
34%
27%
■
27%
50
48 ft
3%
13 ft
*40%
:
9ft
27%
'
27 ft
-
92ft.
Aluminum
34 ft
38
13
27%
9%_
27ft
13%
13 ft
38
Bohn
1
Oft May
Nov 27
July
f per share
"
35
•
*3%
38 ft
*38
•
1,100
10
291/a
29%
34%
3%
3%
3%
38%
13%
s7.*9'/4'
:/
*3ft
*37ft
38
Bliss &
34% :v;-7
'
*3 ft
38
*90%
6ft
13 ft
9ft
76
lift
t
par
8,100
.
.
16
—No par
—No
Co___-
17ft Sep 20
Nov 30
Highest
t per share
share
per
57
5
11014 Jan
27ft Jan
100
Laughlin Inc
5
Bloomingdale Brothers
No par
Blumenthal & Co preferred——100
Boeing Airplane Co—;—,
5
'i
7
54
par
No par
& Decker Mfg Co
49 r'*'7..'
34%
29%
•
Blaw-Kiiox
14%
47
(Del)—_—No
8ft Jan
Lowest
38
13% Mar 17
54ft Feb 23
22ft Jan
7
par
par
1
34 ft
:&s
49
49
.34%.
291/4
34%
29»/4
'
Black
100
15 ft
46.'
No
1% preferred
Bigeiow-Sant Carp lnc__
1,800
:
Loan—No
Foods
1,900
7
97
*92
•. 14
46%
•
8ft /
16 ft
■
:.7-' 15 ft
'
'
800
18
K;
8%
*16
14%
14%
/ "<
48 ft
14
46%
14%-
47
91%
'
*34
7.
-V
47
141/4 •14%:
47
*16%
17%
■
goo
,,.-7
.
Indus
Co—i..
S
Previous
tor
Year J 013
Highest
$ per share
pfd $2.50 div series '3B.No par
&
Bethlehem Steel
7,600
.
39%
■
Best
Pr
,;/'7
117%
17%
8ft 7
171/4
8%
16'/2
'■
*14 ft
48
39
8%
58 ft
58
39%
39
Best
,sr'
v-
15ft
117%
HI
39%
'■
Beneficial
1,000
5,400
,:</
,••
15%
,7
57 ft
117
*39
8%
,
57 ft
58ft
118
*117'/a
15ft
Range for Year 15)43
Lowest
Par
2,700
57
37
36%
attune
STOCK
EXCHANGE
Shares
18%
*55
.
39%
38%
38%
;•
118
*117
38 ft
57%
59%
58 ft
58%
118
*116%
17%
18%
57
36%
16
38%
*17
•
i:
58%
*116
V
•■
18%
17ft
ft
36 ft
18%
57
-
NEW YORK
the Week
$ per share
share
per
36ft
7
36 ft
■
15%
$
share
Jan. 14
18
.
16%
*55
■
36%
S per
share
18%
18
*55 / "J
Jan
Jan. 12
Sales for
Friday
Thursday
Wednesday
Tuesday
Jan. 11
per share
18
7/
*55
>
'
Jan.10
40% Jun
25
15
Apr
130
Dec
42%
Deo
29%
Dec
82
Apr
97 ft
Dec
128% Sep
14
110
Apr
120%
Jan
120'A Sep
27
77
Apr
97 ft
Dec
14ft Apr
5
81/2
Deo
108
21
July 22
7
3% Mar 12
Aug 27
18 'A Jun
5
Dec
30
8'A Nov
1
25
6%
Aug
July 16
23% Jun
111
•
10
Apr
23%
Mar
1%
3%
Jun
2%
Nov
110
Jan
11'
Jan
2%
11/2 May
90
18
Apr
Jan
Oct
Jan
3ft Nov
21
82
July
104
Apr
8
27
Jan
35
7% Jun
4
lft
Apr
3%
Nov
72% Oct
29
23%
Jan
32%
Deo
15ft
Sep
115
Sep
41
19ft Apr
24
July
109
Dec
6
8
13
19
Dec
Oct
Jan
14%
Jun
18%
Oct
93
Apr
100 ft
Nov
34
July 22
5ft
50
July 23
27 ft
Apr
9ft Oct
36ft Jan
Apr
9'A May 11
%
Apr
2%
17% May 13
7% May 12
2ft
Jun
8ft NOV
1%
Jun
2ft Jan
13ft Sep
21% Jun
2
16% Dec
31
8ft
Jun
4%
Jan
5
12
41ft May 20
•33
May 27
47
22
54
Apr
Dec
7%
Nov
171/2
Aug
Apr
Jan
39ft
Jan
52
July
Jan
15ft Apr 30
8%
Jan
11%
Nov
10
11%
Jun
13 ft
Feb
2%
18
Jun
4
32 ft Apr
1
Deo
8
3% May
20
May
85% July 15
43%
25
Jan
70% Dec
15ft Aug 18
9
Jan
27
82
May
99
63% Dec 30
32
Oct
34
106
Sep
8ft Jun 25
7
Dec 11
39% July
145
,
2 Va
3
Jun
120
Dec
7
67 ft
Apr
116ft Aug 10
421/2 Dec 27
107%
Jun
74% Jun
10 ft
Mar
28
22
May
Feb
Jan
39%
Aug
Aug
Apr
Jun
Nov
125
Dec
72
Mar
,
112% NOV
31% Deo
29
95 ft May
92ft Sep 29
54
Sep 13
77% May
84% Mar
47
May
50
48ft Mar 30
40
July 20
Sep 21
123
July 14
32% Apr
44
108 ft Dec
153
68'A Oct
18
Dec
8
25
109% July 17
28% July 15
114% Oct
6
19% July 14
19
Sep
19'A Sep
17ft Sep
26 ft Dec
26 ft Dec
25
25
25
31
31
25%
Apr
102
Dec
Jan
Jan
36ft Jan
Jan
149
Nov
56 ft Mar
92
NOV
63ft
Jan
139
55ft
Jan
lift Mar
97%
Apr
10% May
96
May
13 ft May
%
1
Apr
May
% July
17% Nov
107% Deo
18% Oct
108
18%
Deo
Jan
4%
Sep
5% Sep
5
Sep
8ft
Apr
16 ft
8%
Apr
16% D*
Deo
Monday, January 17, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
Range for Previous
"
-
Saturday
Monday
Jan. 8
Jan. 10
74i/2
38 V*,
*88 74
167a
17
*39 7a
44
106%
43 '/2
14%
14%
14%
■
22%
103%
103%
9%
25 3/8
9%
a; 7>:: 9%
9Va
225/a
22%
21
21%
,103%
103%
*2%
23/4
17%
'7
*23/4
274
,
.
717
17
'
8%
243A
24
243/8
117a
113/8
8%
24%
25
12
12%
//■■■:: 113/4
19%
20
20%
20%
137/a
14%
7:7113%
16%
17
165/a
16 3/8
16%
16%
46
47
47%
47
47
103
•103
14
16
*16
46
*44
*45
*19%
21%
217/#
46
46
■rfx 103
21% v:,Vi 21%
8%
*115/#
8%
8%
*107%
11%
11%
45%
45
45
5%
317#
31%
*2574
267a
11%
7*11%
*48 7a
18%
18%
19'A
19%
45
*44%
5674
5674
56 yi
1767a
176%
i*175
1,000
Continental
45%
45%
447a
453A
1,400
Continental
'5%
5%
5%
5%
12,200
Continental
31%
6,800
Continental
V
53/8
.
30%
30%
303A
26%
*2574
26%
*2574
113/4
*11'A
11%
50
*4872
50
31
183/4
45
457a
56
56
56
56
5674
177%
176%
5%
5%
5%
197a
19%
1067a
1067a
106%
217a
21%
18 74
18%
29
29
57
2%
2
21 Va
1874
■■
19%
19
19%
7';
1057a
*1053/8
2
20%
19%
21%
1,100
21
,
i/
19
18%
18%
560
/./: 28%
28%
28 3/8
2874
2874
287a
*28'A
18%
28%
;? 283/4
*45%
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463/8
45%
453A
46%
45%
*4574
46%
45>/4
16 y4
163/8
16%
16%
16%
16 Va
•/■i 16%
16V2
16%
163/a
:>.:J6%
98%
99
99% -99%,
98%
*98%
99
29
29%
29
29
29 %
29
29
30
29 i/s
29%
29
70
69 3A
693A
70
*69
69
*69
69
70
69%
24'A
22%
22%
24
221/4
22%
/ ,237a
13 V4
127a
131/2
12%:
12%
13%
19%
>
451/4
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118%
107
99
*104
24%
25
24%
*
24
*23
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23 Va
102 V2
/
102%
6%
61/2
6%
115%
1151/2
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46
45%
."V
■
46
117
*112
118%
*113 <■
118 %
107
*103%
107
*130
150
*130
23%
23%
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107
*103 7a
7
22%
22%
22%
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*130
22%
63/4
150
7
*6%
*20
•
14%
14
"*63/B
112%
*33y4
341/4
*17%
18
18
39
33%
6'A
6%
6V2
18%
50
32'A
18%
19
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33
'
32%
31%
19%
19%
50
*43
34%
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18
19
18%
*31%
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i-
39
*333A
343A
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34%
'
18
6%
678
,
18%
187a
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,
*383A
39
;
*13%
173/4
*17%
20%
193/a
207a
217a
22 3/a
6 3/a
63A
13,100
18 3A
7,800
6 3/8
6 3/4
18 5/8
187a
317a
,32'A
*3134
•
13%
4,800
Distil
307a
23%
993/4
*963A
993/4 :
400
5 %
*96 3A
15 5/a
153/4
500
157a
*15 7a
15%
153/4 w
Dixie
*1574
447a
445/8
443/t
690
443A
447a
343A
343/4
35
35 •:<
257a
23%
24
23%
51
51%'
50%
;•
44%
36
35
25
24 5/8
25 V4
245/8
257a
243A
24
51%
443/4
51%
52l/s
51
513/a
:, 5174
4,500
52
52%
51%
23%
44%
35 %
■"
153/4
1267a
500
,
127
128
128
107%
107 ya
107 V*
106%
1067a
29%
29JA
29 %
29%
29%
*29
*8%
9
8%
•11%
12 V*
*11%
*ii6y2
122
140%
139'A
•
*123%. 125
120
*7%
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141
139%
124%
124%
120
120
•124%
1073/a
1077a
107'/a
287a
9
87a
125
120
117a
11%
36%
%
37
*7%
7%
7%
164%
164
183
42%
42 %■
18%
18%
*180
183
'180
183
*181
11%
18%
\
*3%
10%
10 Va
10%
10%
3%
4-'
4%
4]A
4%
84%
85%
85
83
83%
8214
83%
827a-
85%
40
*28
40
40
40
29%
39%
29%
29%
29%
58
58
58
*57
102%
97$
9%
97a
88%
8872
91
91
*87
'
,
58%
10274 1021A
101%
9%
101%
B
Electric Power & Light
9%
*87
90
81
81
8074
81
817a.
4074
407a
407a
29%
29 3/a
y4
58 y4
1013/4
41
'
293A
5874
*573A
101%
102
5874
102
93 3A
9374
93%
%
%
%
82%
2,200
407a
1,000
297a
29%
1,300
*57%
587a
1017a
1017/a
9%
887a
8772
917a
913/4
96
94
H
tt
1
'
$6
972
*93
Edison Bros Stores
$7
974
91
92
Eaton Manufacturing
3,200
86
887a
9%
%
85
*40
88
91
93
84%
*29%
58 V8
4%;v, 4%
8374'
40%
923A
96
4,000
4%
85
4%
1,000-
,
93/8
30a
660
45,900
470
,913/4
780*
9572
%
8772,
270
%
2,700
Autc-Llte
Co—.
217a
Nov
12%
Jan
Mar
-517a
Jan
23% Apr
37%
Dec
45
7
Apr
:
6
159
2
Apr
Oct
179
37a
Nov
%
272 May
May 17
Dec
58
4274 Apr
617a May 21
186% Sep
Nov
27a May 22
Apr
22% July 14
;
J2
10%
Apr
14%
Dec
85
Jun
987/a
Nov
Dec
1087a Aug 19
237a Mar 12
12
Jan
167#
237# July 27
5 3/* May
1474 May
9 s/#
Dec
20%
Nov
41
Jan
31
Oct
27
47
Oct
2
Oct
26
10
Apr
12%
997/$ Aug
6
77
May
887a
Jan
233/4 May
63
Jun
39%
Nov
84
Nov
133/4
Jan
17
82% July 20
Jun
5
Jun
>
9
Jan
88
Jun
140
Jun
V
11
1157a Dec
14
10674 Jun
10
10
13 ;
19
90
Oct
107
95%
7% May 10
Mar
Feb
■
Jan
19%
Sep
27
45% Sep
17
2
Oct
32%
137a May
12
Jun
9% Apr
8
Dec
100
Nov
J3 Jan
,
Dec
116
Dec
13%
i;/.74% Jan
83/4 May
2574 Oct 26
267a Jun
Sep
8s/#
22% Aug 11
14% Jun
Mar
32
July 15
38
20%
Oct
5%. May
9 7s
Jan
25%
Jan
18
Jun
80
Jan
85
Oct
44 '■•>
Jan
81
Nov
10
4
8
28
26 'A Jun
29
12%, Jun
18
Oct
7% Oct
4
19
2% Apr
Oct
Nov
Mar
47#
Apr
1
10%
Apr
18%
43
Jan
5
36% July
207a May 19
Jan
2
834 Jan
2
97/«
17% Dec 30
2 ;■
12
:
Dec
2774
Dec
30%
Nov
137#
-
Apr
7
10% May 10
Jan
110
257# May
24% Sep 20
12
Dec
4 :!
173/4
12s/a
6
11
July
?
Jan
Aug
157a
3
.Mar
Nov
Jan
11 %
Oct
4%
Jan
18%
Jan
2% May
14
14%
30
37
Oct
Oct
48 7a Apr
37
1
357a July 12
14
Jan
21
Jan
7
Mar
22% July
8
18
Apr
2774
Jan
6
33 Va Mar
,
3374 Apr
V8' Nov 15
'42
Apr
*39 7a Aug
...
17'"
8% Jan
20
213'a Jan
8
13
/
35% Oct
2
16
*■•' Dec
V* July
18
Jan
45
July
100
Dec
20
34
20
25% Sep
30
73% May
Nov
44
Jan
35% Jun
5
Jan
1073A Dec
8
5% Jan
4
16
10% Dec
•
..
9
Jun
5
Dec
1
115% Dec
7
11% Dec
9% Nov 30
14672 Jan
X173
Sep
35
Jan
4
Inc—i—
11% Feb
(The)
13
2
20
2
19
8
307b Jan
Am shares
.
No par
4
8% Nov 30
1% Jan
4
174 Jan
5
3174 Jan
20
2872 Jan 20
33% Jan
,
2
7
5
Va Dec 27
23 % Jan
49
101
Dec
87
Nov
V2 Jan
Jan
70
Dec
26
Dec
163/4
Dec
8
Apr
AprMay
70 3/4
Oct
Apr
1347a
Dec
13 7# Mar
16%
51
95
■
2 3/4
Jan
112
Feb
107s
Nov
July
120
102% May
144
Jan
120
127
Nov
118%
Dec
Apr
1117a Mar
17
Dec
34
8
163/4
Apr
87/e May 28
2%
Jan
47a
151%
Dec
180
Nov
44% July
170
May 19
108
Apr
184
Jun
8
170
Mar
.
6
Jan
Oct
15
20%
Jan
303/4
9%
Mar 30
5 3'8 May
Dec
May
Dec
13%
Jan
A.Feb
17#
Nov
1%
Nov
•
Sep
14
3674
11
20
-397$ July 2.
19
Nov
28
45% July 15
...
10
%
3/4 May 20
Jan
;
Dec
Nov
19
11V*
Apr
35%
Jan
88% Nov
19
15
Apr
323/4
Jan
20
9
587a July 17
29
Jan:
347a Nov
19%
Apr
26 3^
Feb
393/4
Apr;
49%
Dec
37$
Jan
.92"
427s Sep
X32
Sep
,1037a Dec
1% Apr
Jan
7
57% Jan
4
62% Jan
5
8
Sep 27
92 Va Sep 27
96
Dec 11
477a
1
A
Dec
#
I
*
48
,
Apr
73
Apr
Jan
66
July
40
92
174 Mar
\
23
972 Sep 30
74 Jan
Dec
Oct
7
Apr
8
4
:
Dec
29
16%
2% Jan
54
9%
7% July
32 74 May
8
29
15974 July 15
130
Aug 11
1213A Sep
2
24
Jan
124
par
22 3/a
13% Apr
134
3% Jan
9%
167a Mar
26'
31
15
12
22
11
4
28
29
1
17
1227a Oct
115
-
May
153
12274 Nov 26
Xl06% Dec 31
Feb
Aug
63/4
May 10
15% Jan
Public Service
—,1
preferred!*——
No par
$5% preferred*
-No par
$6 preferred*
——No par
t Equitable Office Bldg——No par
$5
Dec
Apr
8% Apr
507a
Aug 24
47
6
preferred—.*——.*—No par
preferred
No par
Engineers
27%
5
223b Feb
preferred———-—,*100
Api
17 3/e Aug 20
Jan
Electric. Storage
4%
Dec
Nov
'17
2
Apr
Jan
47/a
247a Mar 29
38% Feb.
Battery—No par
El Paso Natural Gas————3
Entficott, lohnapn Corp—_—.— *Q
Dec
8 3/4
*2%
2% May
6
37% July 15
t 53
Jan
Boatc——
Mus Ind
28%
Ap>-
303/4
1407a Oct
31% Jan
—
Apr
5% Sep;
.
.
Jan
,7".
No
Apr
Jan
774 May
15
26
preferred--.—.
3%'7^3%
37a
43%
83%
29% '?
102
474
10 74Vf10
,
82%
•
37a
478
1074
*180
■,
v
43/a
4%
4%
86%
4
4%
4%
41/4
84%
cum
Elec &
18
10%
6%
Rolling Mills—...
Kodak Co———
4,800
18
10 Va
Eastman
4,600
18 3/a
10%
Eastern
1,400
7a
18%
373A
2,300
7a/164
Dec
103%
28
273A July
Oct
5
217$
497a Sep 2C
:
Jan
16%
Apr
1197a Nov
r*
Electric
18%
10%
10%
7%.\V.,.7%
162
Airlines inc*..
38
18 Va
387a
fcasterju
•
Nov
9
Jan
77
4
15% Jun
// 37
Eagle-Picher Lead Co——.
2,800
Electric
423/8
373A
4,100
367a
1,100
42
38%
11%
3674
i
:
Jan
96 74
24
36% Jun
10
16% Jan
1st pfd——100
Light 57*
,2,300
42%
38%
Duquesne
3S.~'MVZ
1827a
42%
38%
121
18
*180
42 3A
38%
20
4—No par
7%
May
82
274
1107a Sep
J
:
30
26
17% Jan
(E I) & Co
preferred
Oct
113/, July
3% Jan
100
preferred
de Nemours
:<U82.
42% ,-42%
*18 .;,r(JL8%
1827a
42%
3/8
P
$4 50;
.11%
164
42%
*42
8 Vr
Du
125
125
774
*162
14074
*1193/4
113/a'
7%
'774
122
..
3672
38%
*38
.•
120
164
164
/
1167a
2
12
No par
Corp
7
11 % Jun
7
29
1
International
Jpunhill
233A Jun
43/a
25
Jan
/-
Jan
■
27
Oct
26
10
No par
$4 preferred series A—No par
Dresser Mfg Co*.—
—No par
Duplan
12%
139 7a
36
117a
36 7a
164
*
140
.12472
127
11%
75A
1274
122
1397t
140%
36%
v.
*85/a
*11%
*11672
122
11%
165
*180
*117a
12%
8%
600
1874 Dec 27
477a D7C
107
83% Jan
Aircraft——';——No par
.33/4. July
.,
102
40
9
y 3
—
Aug 11
8
——
Dow Chemical Co.
500
29
16
5
A
Douglas
1.400
287a
*2878
120
120
164
164%
1273/a
107
37
7%
7%
.
*11%
122
139%
,•
120
2,000
15,600
1263/a
36%
36%
36%
*8%
12%
:
107
29
29
*116%
139'A
"
*125 7a
11%
11%
11%
1067a
9
*11%
12%
122
124%
.*124
120
9
9
357a
1277a
*126
128
130%
>
■/.;
Class
Jan'
Jun
—No par
Doehler Die Casting Co—w—No par
Dome Mines Ltd
No par
15%
Apr
17a
1
• '
% Nov
Jun
27
Jun
No par
preferred—————100
Co
No par
297a
99
Cup
7
Sep
19
Corp-Seagr's Ltd
307a
35%
*%
23%
Jan;:
116
2 *
Diamond T Motor Car Co
99
35%
*933A
1,200
30 V*
35%
91
13%
99
44%
*119
1374
1372
31
35%
140
100
30%
44%
*116 »/2
910
500
39%
99
44%
107 Vo
13%
13%
327a
313/4
*39
..
99
15%
*128
317a
Nov
94
2
& Rayuolds A
30 %
44%
;•
13%
32'A
317a
32
—No pur
Diamond Match—.
—No par
6% partic preferred*—:
25 *
Devoe
16%
3/a
27 74 Mar 30
8
2 '
2
2 ,
—
15%
100
*15%
'
137a
52
Apr
;
20
:
1
Sep
9
:
Jan
Apr v
5
10
Dec
Feb
7 11%
7
4
Jan
1
—No par
Preferred
20
Deisel-Wemmer-Gilbert
10
tDelaware <& Hudson——„—100
Delaware Lack & Western
50 7
Detroit Edison
20
Detroit Hillsdale & S W RR Co—100
99
301/2
*98
13%
18 5/a
*47
39
39
39
,:
6 5/8
183/4
50
*47
62,700 :
:
Dec!
12%
97%
Apr1
8
Co
3%. Jan
18%
9% Aug
83
108% Jan
100
Records Inc—:
&
Jan
Apr
•217a Mar 29
Jan
12
.
30
*13%
:
100
18
173/4
'
,
Deere
500
3574
*34
.
7,700
397a
39 74
Decca
23%
Jun
:v- 78
8
3% Jan
1
Apr
1%
*
2
29% Oct
8
17
Jan
1974 May 12
Jan
8
25
Stores Corp
preferred——
—
Davison Chemical Corp (The)
Dayton Pow & Lt 47a% pfd
Davega
2,100
223A
22%
35
1," 35
112%
*111
39%
1,800
1474
1474
2234
100
720
20
i
,100
44 %
July 24
3% May 12
4
*-
18
32 3A
32
32%
:
38 3A
473A
*45
50
82%
*38%
;
19%
20%
32%
39
7 *173/4
■
112%
*22
393A
-.■•j.V:A
■
67/8 'A. 67$
67a
14%
*111
22 %
39'/a
*31%
32%
32
v
143/a
.
*13 7a
112%
393A
18%
6%
61/2
39 V*
*17%
18%
14
*112
23
33%
39
' 39
22%
s
*20
•/: 22%
22%'
39
22%
v :
ii2%
*111
22%,
•
"24
24
* 20
;,
14%
13%
£ 14'A
*111
22 y4
24
*20
24
7
112%
14%
"111
;
*20
24
•
*6V2
F
1,600
227a ',<22 7a
t
67a
>
.Jan
127a
;
24% July 15
7
9
1
20
.
Vl'v'/y U
7%
14
-•———
Oct
Jun
23
30
'
6,300
Dec
1074
3%
5
Sep
34
-
17%
July 20
12
2
Jan
—No par v/ 1% Jan
——No par
30% Jan
—No pur
17, Jan
:
1
5\* DeC
Class. A
1
H% Nov
Cushman's Sons Inc 1% pfd——100 " :
96 Feb
$8 preferied—*————No par
84 Feb
Cutler-HAmmer Inc——No par
lo% Jan
100
preferred
Curtis Pub Cn tThe)
$7 preferred
I ' Prion preferred
Curtiss-Wright —
4%%
116
>'•>
:
*6%
10,700
23,000
16%:
*113
227a
22%
;
46 3a
v' 1678
v
220
117
57s : 4.6
r.
150
.
20,500
*130
117
-
6 5/a
115p
46%
..,57a : 6
16% •:16%
'
150,
*130
150
*130
7
6 3/e
47
46 7a
6 Va
170
6 3/a
117
*112
1047a
118
*117
167a
16%
17
117
v,
?
1047a
,
Nov
-
Oct
217s July
Jun
4
18
100
Inc—
1057a
Jan
774 May
:/";■••
Jun
6
—30
Packing Co
Press
Cuneo
100
100
preferred
conv
Cudahy
4,200
24
*23
24
104%
5 i/a %
»
.
247a
Apr
/ '
10
6 3/4 Apr
10% Jan
100
7%. preferred
107
24%
24%
674
4 7 3/4
m 6
6 Va
6
16%
*112
22
.
47
46 %
-t'
6 3%
118:. 7
46%
116
k li6
'.
6 Va
Cuban-American Sugar
Deo
2074
24 % Nov
117a Jan
817a Jan
21V* Dec
x66 Nov
^ 9% Jan
7% Jan
105 Feb
92% Mar
100
-10
RU 6%
29 V*
917$
11
37% Jan
—*100
preferred*
—
preferred
5%
Cuba
1187a
*233/8
116%
6V2
6%
.
*103%
Crucible Steel ol
•
16,200
12%
123/e
300
;
4,320
*113
*104
104 %
70' {
27
Dec
82
9 Jan 15
183s Jan 12
$5 conv preferred
Jan
1
1 % May 10
2,.,:
5
4
167a Jan
Oct
16%
July 14
16
„
,
35
7
Jun
44 7a Jun
2
14 A Jan
95
Jan
--No par
5
—No par
Amer——No par
Crown
4,000
29% v
•
24 3/a
12%
24%
24
*23%
104%
*103
150
21%
*23 3/4
24%
200
118 %
*104
24 3/a
3,000
9974
*99
-
.J''
>
25
100
2
——
preferred
of Wheat Corp'(The)
conv
117i
Jan
57b
101V* Sep 20
;
8
2 /$ Jan
$2.25 preferredZelierbach Corp
400
16%
-50
1
20
25
Jan
24
July 9
44
7
2
7
Crosley Corp (The) ————No par
Crown Cork & Seal
-No par
1,200
453/4
5%
Cream
"
23%
*113
24%
;
99
12%
*113
A
.
99
'103%
.117
22 y4
13%
6 Va
16%
*112
22%
24
12%
47
16%
16%
7/7
22%
V
115%
%
6
6 Va
6
161/4
,
118'/2
107
24%
23%
103
6V2
*113
*104%
V
7
3,600
283/4
—5
r;
Co—
Crane
6,700
1053/a
1053/b
20%
19
19%
Dec
41
105
——1;
Inc-—--—
Coty Internat Corp
Coty
1,500
2
,
19%
1053/4
21%
-
2,100
19%
19%
21 ■;
•/
574
843/*
,
19% July 14
25 3 Jan 8
38% Jan 2
x9 a Jan 7
45 Jan 6
137a Dec 3
37 v Jan 2
53% Jan 20
173
Dec 8
Preferred—-——--——-10Q
70
574
Copperweld Steel Co
Conv pref 5% series—
Cornell-Duoilier Electric Corp
Corn Exch Bank Trust Co
Corn Products Refining
■
2
2
•
193/a
105%
21%
17574
;v
5 3/a:
*5%
5 3/a
630
2,000
1753/4
175%
'*174%
2
19%
105%
21%
.
■
2
.
19%
105%
106 y2
•
-
'
5%
8,500
45 '' V
56%
2%
19
18 3A
*174%
19%
187a
1,900
50
45
176%
27#
u7a: :
ii3/4
*48 7a
Mar
27
4 % Jan
No par
Continental Steel Corp
193/8
56%
19%
y.
v
26
45
176%
2 7#
*21
3,700
1174
56%
5%
53/8
53/8
*2
347a
Jan
51
Sep
1
,
25
267a Jan
7
Jan
40 ,* Jan
Xnc—————20
Diamond Fibre
5
Insurance
$2.50
Motors
1
Oil of Del————3
113/4
19
45%
•"
-100
preferred
8%
108 3/a
*107%
45
19%
44%
45
457a
7,300
8
34%
*48%
18%
8 7a
320
113A
,11%
50
*49
50
*49
2,300
34%
5V4
27
217a
103
21%
8%
25
preferred —
50
Consumers Pow $4.50 pfd—No par
Container Corp of America—20
Continental Baking Co
No par
$2.50
113/4
305/a
11%
Consolidation Coal CO—:
500
34'
*25%
*25%
Consol RR of Cuba
2,400
103
*107'/a
45%
45
31
-11%
11%-.
4,000
16 3/a
34s/a
.
pfd
6%
15%
467a
Jan
457a
98 7a July 15
7 ,8 Jan 11
2 ,* Feb 10
24% Nov 18
9% Nov 29
17% Nov 29
4% Jan 11
7 Jan 16
33 .* Jan 24
89 Jan . 6
H? ^Jan 6
x4 a Jan 7
96 Jan 5
10
100
——
54
Sep
J'2 Jan
Continental Can
*11%
5%
>
30%
;*A.v
27
*25 %
11%
50
5%
5%.
30%
/'
S3/#
5%
31
11%
Preferred
3,100
12
34%
34%
13,600
16
213/4
8
108 5/a
34%
16,900
Sep
29
109
-
/,Consol Laundries Corp
8
"Consolidated Natural Gas wd——15
Consolidated Vultee Aircraft
1
'
8%
108%
34%
44%.
rl
213/a
£
117a
22
14%
103
1023A
:-
11%
4574
.
213A
104
6,400
partlc preferred
$2
800
<1
*45
137a
3%
*13
137a
500
V
25
21%
21 Va
21
21 :•/;/
213A
21%
34%
127a
45%
'•
34s/#
.
8 Va
108 v*
"-V :
347a
.
■
;^;.fl07%
8 <7/
,
*107%
OOO
;
103%
21%
.
8
;,
16%
102%
302%
-
14 <;«
13%
■•'/ 24
Hi
preferred
Consol,Film Industries--$5
30%
18
15% Jan 5
91V* Jan 5
5
No par •
No par
1
No par ;
Edison of N Y-
'
2
28
Oct
7
2
6
7
177a Jan
10% Jan
90 Jan
, 33s Dec
Nov
574 Jun
■■'' ■ '-il
,'Consol Coppermines Corp
% Con sol
2,200
•
87a
»
247a
113/a
8%
12%
3,800
30,300
.
27a
83/a
12%
8%
8%
8%
'
•t.
167a
•16%
17
/
8
:
10374
27a
27a
-/
165/a
''
33/4
217a->
1027a
103%
20
107
21%
22
213A
103%
1033/4
1037a
2%
17 Va
V
22%
300
35/8
33A
33/4
37a
33A
22
1,300
213/4
♦1047a
107
*10472
107
,*106
:-
227a
22 7e
*21
2 7a
••
73
217a Jan 2
27a Jan 13
25
.—No par
'Congoleum-Nalrn Inc———No par
Consolidated Cigar
——No par
QVa% prior preferred
100
Edison Co
Conde Nast Pub Inc;
300
,
Highest
S per share
t per share
share
per
77% Sep
100
100
"v.-;v;s..'v7.v•
Commonwealth
8,700
97a ' /,
,
'
21%
25%
16
*1077#
*9%
,
>
223/a
203/4
8%
13%
6,800
,
"
22%
20 3A
11%
19%
19,800
2578
24%
11%
19%
102%
•3/4
82%
x25%
..9% /
3%
■:
13,000
25%
8y8
ir%
,
;
22%
17%
15 7a
15
81%
26%
•
•
V< 12,200
■
823/s
22%
" 107
100
'
447a
t
3%
"
5,900
115
%•:
n
600
4174
40%
44%
15%
813/4
1,800
40
"1055/8
.
25 '/a
8%
25^
8
%
827a
257a
22 Va
..
*2% t: 3 ?
.'*17%
U
■
26%
107
107
3%
3
17%
83 Va
115
443/4
82%
%
82%
;*2o%
22%
'
•
147a
*9'
20%
*105%
103 y2
*2%
15%
*22%
3%
oil1/b
14%
9%
22%
103%
.
443%
22%
3%
~
22%
'45%
25%
20%
107
3%
447a
n
9%
21%
"20%
"105 %
45%
15
:
40%./
40%
*105%
,
22%
23
23
41
115
700
;
17
41
40%
14%
88a/e
17
40 '
40
*105%
220
'
167a-
41%
"•
74.
$
——No par
preferred series A
5 % preferred
Columbian Carbon Co
6%
Lowest
Highest
J per share
17a Jan 2
40% Jan 2
37 Jan 2
No par
797a Jan 13
Columbia Pictures—
No par
9
Jan 7
$2.75 preferred
A»__«lNo par
307a Jan 11
Commercial Credit—*.
—10
257$ Jan 14
47*% conv preferred-100 v. 1047a Jan 19
Co mm'I Invest Trust
—Nc par
29% Jan 15
Commercial Solvents
No par
97a Jan :, 2
Commonwealth & Southern—No par *
3% Jan 2
$6 preferred series—
No par
36% Jan 2
4,100
Year 1913
Year 1943
Range for
Lowest
-
i.:,/" •.;•';■■•
Columbia Gas & Elec
29,200
*8674
163A
41'A
*40%
42
4 3/a
797a
*72 3/8
-,
,
87%
*86
/
103%
25%
25%
25%
"9%t
97a
17
.
74
73 Va
.
43%
83
82
251/2
'
r
88
17
17
40
%
u
%
82%
87%
88 Vi
.
''
43/8
79%,.
79 y4
-
■■///■'
.
V-
.,
7972
43/8
4 3/a
4%
EXCHANGE
Shares
$ per share
"
STOCK
'
the Week
Jan.14
share
per
*105%
.
44
14%
'
B
82'A
74
*40%
44
43%
,
80
74
16%
40
106%
39 %
106%
43%
79%
75
'88
..
.
16%
*39 %
39 '/a
'103
79%
75
89
16%
39 Vi
>4%
":'7 79
73%
72%
88'/4
"12
4%
V
79
.77%
;
77 %
77%,
$
NEW YORK
Sales for
FHday
Thursday
Jan. 13-;
share
share
4%
4%
4%
45/a
4%
$ per
f per
S ver share
I ver share
V-
V.'.
STOCKS
-
AND HIGH SALE PRICES
Wednesday
Tuesday
Jan. 12
Jan. 11
LOW
83
Jan
Jan
%
Oct
THE COMMERCIAL & FINANCIAL CHRONICLE
Number -4247
Volume 159
225
NEW YORK STOCK RECORD
LOW
Saturday
■
,
Jan.10
S
S
per share
$
share
per
share
10%
10%
10%
10%
lOVa
10%
10%
10%
11
10 %
11
10%
49
49%
49%
50
49%
50
48%
50
*76%
82
*76%
82
*76%
10%
10%
49%
82
*49
82
.*76%
10%
10%
82
*76%
7'/a
7%
7%
7%
*7%
7%
7%
7%
11%
11%
11%
11%
11%
10%
11%
*10%
23%
22%
22%
22%
3
*3
-3
34%*;
*34%
:
3%
15%
'15%
,
15%
24
11%
15%
15
15
■
:> 15%
,
1938
19%
20
5%
5 Va
5%
22%
22%
18%
22%
>
23 Va
v
,
'
20%
23%
V;
*93 %
94%
,*17% >17%'
>.*48%
39%
106
106
19%
.
23
23%
*93%
*34%
35%.%
.26
*25%
7
*6%
*34% ; ,35 y«:
'
y%
49
;
49%
*12
*53%
55
14%
3
*30%
*6%
48%
12%
r
55
16%
i6Va
20%
*19%
>;
14%:
20%
.*11%
32
29
Mar 26
27%
Apr
37%
Jan
May 27
19
Jun
29%
15
Jan
6
Jun
~8%
Jan
69%
Sep
93
Jan
197/«
Deo
24%
Jan
Dec
2
19% July 13
105% July 27
29% Apr
5
No par
2
86
Jan
7
18% Dec
17
^__5
13
Feb
18
18 % Dec
24
8
Apr
13%
3% Jan
4
6 % Apr
6
3
Jun
4%
Feb
11%
Apr
18 %
Jan
74%
Nov
87
Jan
_No
par
No
par
15
Jftn
2
25% July 14
100
78% Jan
8
98% Nov 22
12% Jan
preferred-!
Corp
preferred
First
National
Flintkote
$4.50
Co
1
'
Dept Stores
c^nv
6% Jan
'.>
11% Nov
$2.50
27
19% Jun
Jan
8
50% Jun
25% Jan
1
—
N Y_
,
14
42
-
—10
series
A
2
7%
28
29%
Apr
43%
Dec
July 15
13%
Jan
26%
Dec
112% July 12
87%
Apr
Apr
43
Stores
—No
1'
104% Dec
100
31% Jan
par
5
39% Jun
29%
16
22% Jun
No
par
15% Jan
7
No
(The)
preferred-
v
par
977/a Jan
11
109
2
9%
July 29
86
Florence Stove Co.—
No
par
25% Jan
7
36
Jun
10
par
19% Jan
8
28
Jun
11"
1,340
"
>
•>:>
Food
1,300
'
prior
Corp
preferred
Mar
Co
2,300
32
Freeport Sulphur Co
Fruehauf
;•
.80
5%
Trailer
Dec
21%
Feb
5%
Jan
53
13% July
3
54
42
Dec
7
19% May
12%
Jan
5
21
18 %
Nov
.
16% Jan
5% Jan
Dec
28 y
7 8
8%
-Dec 27 > '
Aug
Sep
36% Mar
11%
27% Mar
May
15% Dec
8
Feb
16
30
'38%
50
Co
1
Jan
96% Jan
17
12
par
May
'a
31
2
100
Jan
Feb
75%
29% Dec
10
preferred
conv
27%
Apr
4
10% Jan
—No par
pfd
100
-
<
Dec
Jan
5
39% Feb
>
_25
F'k'n Simon & Co Inc 7%
2,100
109%
10
23 :. '
Feb
16%
96%
9% Jan
10
-
39%
•3-' May
9% July 15
2
,
NOV
30% Jan
,
1
Corp
Francisco Sugar
>
33%
3% Jan
10
100
Inc
Machinery
6 %
3,600
70
Corp„
preferred
Foster-Wheeler
50
14%
Steel
conv
Food Fair Stores
500
20%
*109
5%
300
55
: 16%
Follansbee
240
•
105
Dec
May
18
,
14 %
Apr
Jan
15
No
7
32
109
Nov
87/b Nov 29
Florsheim Shoe class A
48%
13%
-k'S
32
109
32%
109
108%
21
Corp-1
;
Phen Fire Ins
6%
2,000
.';:r2%,'.
33%
..
& Rad
600
'
*67
70
42
28
30% Nov 30
20
li
300
20%
33 Va
32%
Televis'n
Enamel
Fidel
150
16%
•,
No par
Co
1
26
*53%
13% .14%
*67
70
33%
32%
31%
109
>
14% .'
•
*65%
32%
>/■
&
3% July
20
36
'
48V4
12%
54 V4
Nov
Firestone Tire & Rubber-..
800
105
7
7 Va
*48%
: >
..."
Ferro
■
2,500 "
"
>19%
14%
30%
26
16 V2
*16
:•
'
32%
*108%
109
26
56%
*55
70
32%
30%
*108%
.
14%
*65
70
30
30%
109
*108%
20:ia
52%
32 Va
4 Va %
8,300 :
/>
20%
19%
'
12
1%
% Mar 30
'
37
*35
:■•<■
49%
12
55
*19%
7
7
49%
17%
14%
*61%
32%
>
7%
>.'12 %:'>;;
54%':
;•>!
20%
14%
15'/a
70
%
*32
;:.:s
35%
?bVa
Jan
Federal Min & Smelt Co_
1,800
40%
105
*25%
50 V4
17
*19%
7
*12
19%
104 Va
26
19
Light & Traction
$6 preferred—.
;
1,900
47%
■
37
19%
36
Oct
% Jan
20
.2.50
Federal
1
110
'
>'V"' 106%' 105%
37
104%
.
*35%
444
16%
55
17
'
'
:
26
>:
12%
*12
55 Va
'•%
48%
48%
:
*16% ,17
*20
20%
*61
7
*6%
12%
*25 %
.
19%
*25 V4
35%
.35%
;
.
.
26;
*25%
36%
28%
Sug Co of Pr Rico
Farnsworth
600
18 Va-
%ia
106% 10fi'/4'
106
29
—.*3
80
39%
19%
Sep
Dec
8
Corp
94%
47 : '
*104
•
4%
7ya
Nov
Apr
May
94%
17%
36%
,
106
*103
Jan
4%
Federated
39%.
36%
1%
5
1,100
48%
106%
8
34%
17%
106%
ya
24
Federal Motor Truck
39%
70
Nov
2,800
47%
Dec
18
9% Jun
5%
18 ■' '•
70
68% Jan
14% Jun
Federal-Mogul Corp
40
78
50
Oct
2
1,600
48%"
10
44
4
19%
17%
Jan
Jun
3% Jan
34%
94%
3%
32%
9
12
10%
5% Jan
*19%
39 7 a
20
*19%
•
106
Faiardo
16% May 4
52% May 19
Jan
39% Jan
Jun
3
Fairbanks Morse
.
47/a
5
800
48%
■/. :
36%
36%
19%
105
L100
5,100
4
Cleaner
Exchange Buffet Corp^-
60,200
Highest
$ per share
16% May
Co.—
Vacuum
Products
Ex-Cell-O
"
40
106
Eureka
Evans
'
8
I per share
9
100
20%
5
par
8% Jar.
Lowest
J per share
'
>■
237/a
94
...No
Int
Year 194:1
Highest
I per share
par
pref series A
5%
20 Va
5%
94
18
49
106 Va
36 Va
19%
106
17%
48%
'.Y-
>
106 'a
:''"\".36.y4
36%
19%
*105
48%
'40
39%
,•
106
36%
•v
>
39%
17%%::
17%
48Va'
48%
>. 39%
*100%
■
22 7a
93 Va
93%"
94%
15%
101%
■■s:
No
1,100
3%
-12%
19%
5
:
93%
"'
par
i: 600
'.*14%
20 Va
\
Erie & Pitts RR Co.
.
>34% -i
24 :->;■> %
,
Range for Previous
Range for Year 1943
Lowest
common—
Ctfs of bertef
-
; 4 2,000
2,400
,
11 Va
34%
V
i
101 Va
:
.
•'
23%
35
12
V 20%
19%,
5y$
23
*2% .;'
23%
■:. *100%
;
7%
11 %
23
*14% ]: 15 ;>v
20%
5 Va
5%
23
>
20 Va
20%
5
"
•
r
102
*10058
20%
18%
'*:■
100%
20%
> '•:>
,Vv
"
-100%
*18%
;'•>
7%
v,
11 Va
12%
•
82
Erie RR
4,100
11
>
1
;
28,200
22%'.,
35
23%
12% ;
10%
■'
STOCK
EXCHANGE
5,200
49%
..
23%
35
35
35%
24
107/a
10%
3
NEW YORK
Shares
*76%
11
x3
3%
35
20%
101 Va
*20
20y4
•:
3 %
11 Va
101%
20%
5Va L
V.
23%
>:%'
35
>10%
•.100% 101%
■:
% 3%
*22%
22%
23% v',24
11%
11
*15%
22%
.3%
>,
35
23 % V 24
10%
22%
22%
for
?48%
w
7%
7%
*11%
the Week
t per share
10%
10%
11%
*10%
Sales
Jan. 14
$ ver share
S per share
11%
per
STOCKS
Frldav
Jan.13
Jan. 12
Jan. 1.1
V.
Thursday
Wednesday
Tuesday
Monday
Jan. 8
HIGH SALE PRICES
AND
4 2% Jan
Jan
Jan
i:
Nov
•
3%
V" *3%
3%
2%
3%
3%
3%
14%
*28%
28%
*28 %
28%
13%
14%
28
13%
4%
4%
4%
13%
13%
52%
*51
52%
*51
Gaylord Container Corp
5%% conv preferred
5
—_50
51
Gen Anier Investors
No par
No par
102
Jan
29
107
5
37
Jan
4
51
5% Jan
4
*51
52
10%
10%
10%
10%
10%
107%
*106
107%
*106%
107%
44'%
44%
44
44%
44%
44%
8%
8%
7%
7%
•'
7%
7%
7%
7%
7%
7%
■:
*146
147
*146
k
12%
'
44%
8%
8%
■
*146
8
5
8
4%
4%
4%
5%
13
12%
12%
12%
13%
13%
14%
85
85%
85%
87
88%
89%
90%
92%
92%
95
:
.
27
*26'%
:
W
■>
27
*26%
147
Hr
147
4%
147
*146
*3
147;
37%
37%
37
42%
42 %
42%
114%
114 %
*145
129
2%
118 %
*117
122
*117
106
*103
106 :%
130 V;
*128%
130
*103'^"l0ff
*129 >130
130
130 >
*128%
53V4
53%
53%
128::
*127%
128%
*127%
128%
128 V4
*37%
*103
53%
-39%
39 j
114%
53
2%
4,100
2%
106
*37%
114%
115%
53%
127%
127%
*37%
39%
53%
52%
127%
2%
*38
121
$4.50
;•
60
127%
127%
600
39%
39%
500
39%
5%
5%
20%
20%
5%
5%
Cfr 5%
20%
20%
20%
'
20%
20
•
7%
*106
-*
-
1%
*106
*111%
*1%
*
•
53
107
20
*105
:
;
5%
20 Va
20%
21
*111%
>>'
1%
1%
20%
30
"■,h 1 %
1,700
20%
*50 Vis
53
51%
■21%
22%
21%
*1%
*51%
51%
22
1%20%
*111% 115
'
.1%
1%
53
22
1%
<;
115
20%
115
*111%
1%
;
1%
21%
2,700
21%
21%
.:
1%
98 V4
-20% Jan
5
130% Jan
2
30% Jan
2
Jan
113% Jan
54
"52 %
21%
22
55
No par
—
-100
..10
:
15%
15%
15%
15%
15%
15%
15%
15%''
15%
15%
15%
85%
85%
86%
86%
86%
85%
86%
85%
86
86%
86%
560
22%
22%
23 Va
23%
23
23
22%
22%
22%
23%
23%
23%
20
20
20
20
20
20%
20%
19%
19%
115
*110
*110
21
*
21
; Vi
.>7.
v.
*19'/4
115
*110
21%
'
'
20%
>20%
115
20%
y
.
!
115
*110
21%
20 %
100%
*110
100
*99%
113
20%
20%
20%
100%
xl5%
99 VA
110
20%
110
*99 %
99 V*
General
Gen
100%
&
Tire
100
*
Rubber Co
"
8%
70%
11%
>
8%:
8%
70 Va
11%
*84%
86
11%
11%
:*w
>>'
:70%r,,.7
;; >' >
86
*84%
;'
8%
9%
8%.
9%
70%
70%
70%
71%
11%
9
.
70%
11%
11%
*85
11%
'
86 C.V
*85
86
■
87/a
71 Va
;S
■'
11%
85%
9%4
•72
11%
9
'
85% v>:
19%
1%
;
20 Va
*46Va
47 %
1%
47%-
>; 1%
*•:.*
47
*46%
19%
19%;
*46%
197/a
1%
•>20%
20
'
"20%
20
*46%
•47%
46%
1 Va
1%
1%
11%
3,200
>;>'>>
86
20%
:>■•'
1%
•-:>
46%
100
20%
46%
46%:
%;■
1,600
*85%
'
19%
No
preferred—i—-No
Gimbel Brothers
No
$6 preferred
—No
Glidden Co (The)—
No
4%% conv preferred
Gillette
27,500
72%
11%
.
.
9
72%
9,700
v
:!■>
1%
200
,
'
1%'
1%
$5
Safety Razor—
conv
12% Jan
Mar
X104
2%
89
43%
*98%
2%-:>
2%
/
99%
99
38 Va
38%
38%
104 Va
104%
*104%
10 Va
10
*104
■'v.
4'/a
16%
*10
24%..
14%
25%
25%
148%
150
7,900
1,600
9 Va
9%
9%
3,200
*101%
1%
104
1%
Va
4%
■>,:
1%
4%
16%
*101%. 104
16%
4
*16%
1%
4 Va
115
Aug
1% Juh
59
.
;l
10 Va
10%
*9%
10%
*9%
10%
34
34
34
34
33%
33%
24%
24
24
24
24
14 %
14%
14%
14%
14%
*24
.
;
27%
26
150
24%
14%
*24
14%
14%
28%
27%
27%
27%
25%
25%
25%
25%
148%
70
148%
148%
148 %
70
*60
65
65
27%
27%
25%
25%
148%
27%.
148%
*61
25%
148
70
*61
50
20
20%
11%
11%
'..
11%
11%
,
49%
49%
48%
49%
20'/a
20%
20'/a
20%
11%
11%
11%
11%
23% Mar
4
9% Jan
2
V15 '/a Dec
22
Jan
2
16 Va Jan
4
15% Jan
4
Jan
11%
,11%
11%
12
4%
..
4%
133
7%
7%
36
4%
;
133
r:
36
45%
45 %
7%
35%
45
4%
134%
7%
36
4%
4%
125
133%
25%
2,600
148
130
70
100
49%
48%
48%
20 %
20%
21
21
22
11 %
11%
11%
11%
12
12%,
11%
11%
11%
11%
11%
11%
7%
7%
36%
36
45%
45%
:
45%
4%
4%
125
126
7%
7%
36
36
45%
4
4
124
125
7
...
36
7%
36
4Va
124
:■
:/
7%
36
.45%
44%
45
7 44%
28%
*27%
29
*27%
36
*35
36
35%
5%
47%
v
( Je\ J,
■Xi0.I
'01.1
4'A
7%
36%
45%
1,900
85 % Oct
48
Jan
1
-
West RR
100
Green (H L) Co Inc—
—tl
preyhound Corp (The)—No par
Green Bay &
preferred-—
^
10
^Gpumman Aircraft Corp—,——-1
7;0uantariamo Sugar——No par
itrf5%&
29
28%
*35
36
36
36
15%
15%
.*13
16
106%
For
footnotes
*15%
16%
*16
14
13%
'106
:
*12 Va
14"
106%
*106
106 Va
see
page
231,
106%
*12%
16%
14
106%
16%
.*14%
"106
29
35%
19%
Jan
8% May
55% Jun
10
Feb
79 Va
Jan
20
Jan
16%
Dec
13% Mar
11
3% May
x40% Mar
110
15%
5 Vb
;
61
Jun
Feb
Dec
Nov
Nov
4
Apr
5%
Jan
50
May
Sep
65j/2
Jan
12%
22
37%
Jan
6
6
%
16
Jun
1% July
44
Oct
Feb
Jan
2%
Jan
73% Sep
13
97% Aug 25
73
Nov
82
Feb
12
45% Sep
20
13
Jan
27
Dec
Jan
14
Oct
25
56
Jan
83%
Dec
83
102
8
41% July 17
10%
Jan
27
90% Jan
9
108'/a July 14
60 Va
Jan
90 Va
Dec
4% Jan
11
9% Apr
29
1%
Jan
4%
Nov
Jan
11
101% Dec
27
Jan
81%
Dec
A Sep
4
Sep
l'/a
Nov
25 Va Jan
80
2% May 10
H Jan
6% Apr
3% Dec
8
7% Jan
J an
6
Mar
8%
Dec
6
Apr
9'%
Nov
32
Nov
25
Feb
Sep
26
July
2
18
Apr
1
13%
Dec
18%
Oct
32% May 10
19%
Jun
25%
Feb
27% Jan
22
22 Va May
23
July
37
Dec
23% Nov
5 Va
July 13
17
29% Feb
24
7
x58
Dec
13% May 29
Jan
11
22%
Apr
28 Va
Jan
Jan
19
2
154
Dec
10
130
Apr
57% Sep
10
65
Jan
27
50
July
63 Va
Nov
Sep 27
25
Apr
Apr
33J/2
Jan
138
31% Jan
19
14% Jan
4
50
21% Dec
8
Jan
4
13% July 16
10% Nov
9
17% May
11
4
10%
143
Jan
14%
Dec
Mar
11V2
Aug
9 Ve May
14%
Jan
3%
Jau
10
1% May
Jun
11
160% Jun
12
48%
Jan
5
2ya
Jun
4Va
Oct
Jun
33%
Oct
5
2
preferred——-——-100
9,100 - iGulf Mobile & Ohio RR——No par
3,600 7 r «5 inrpferred
—No Vr
19
3% Jan
12
25% Jan
2
41% May 12
25
44% Dec
29
50% July 26
8%'
Gulf Oil Corp—
5,100
V
100
50
'16%
800
14%
400
106%
10
10 Va May
18
86
Sep
H
;
29
Jun
1% May
2% Jan
■J
*27
300
Apr
14%
Nov
24% Jan
6% pfd—No par
No par
4
22% July 16
13% Dec
Great Western Sugar
Nov
Jan
Jan
.21% Jan
'"i ' Preferred
1,530
\V
V 0;
/
31%
3
14% Jan
par
Ore Prop—No
Oct
Mar
23
Jan
59
1% Jan
%
7 Va
par
ft Jan
14%
107%
28
16
Jan
Apr
25% Jun
par
41
5%
May
Sep
9%May
Jan
Nov
f
Apr
Va Mar
101
101%
74
Jan
109 y2 May
% Jan
Jan
10%
July
3'/a
14%
Sep
ft
Oct
30
99 Va Aug
11
81% Jan
2,600
126
Iron
Nor
Great Northern Ry
1,600
30,000
3,200
preferred-—
10
May 20
14% Sep 17
50
3%
Jan
128
>•
10% Mar
Dec
Jan
No par
10
20
Co
(W T)
Great
16,200
"
131%
Grant
9
23% May 29
14
108
July
24% Jun
113
4
14% Jan
91
4% Jan
No par
1°°
—
Steel—
Granite City
1,500
28
20%
X47
1,000
,
200
49
*
700
1,900
•
■
49%
Hosiery
4
5
60
•
4
5
Graham-Paige Motors—
1
Granbv Con sol M S & P
—5
Grand' Union Co_i_
—No par
13,100
1,800
V
16%
13
25% May 20
2
60% Jan
No par
preferred
conv
Preferred
60
10%
14%
$5
Gotham
8
Nov
v
13% Aug
1% May
2% May 10
par
—-No pa*"
5 % preferred
—*—No par
Goodyear Tire & Rubb———No par
700
39 >
106%
Apr
17
par
(B F)
Goodrich Co
"
38%
*105%
34
25%
*60
1%
4
100
38%
106 Va
16%
4 Ve
16%
50
*105%
10
*148%
>;
70
*62
*
1,400
7>
6,400
33%
24%
14%
27%
4%
16%
99%
: >
43
10%
*24
27%
4
*15%
101%
:
99%
2%
89%
33%
33%
*14%
10
1%
42%
9%
105 %
X101%
1%
4 Va
*24
*
103%
1%
15%
10%
27%
9%
,102%
34
34
10%
99%
*88
.
.
38%
39
105%
1%
4
*10
99 Va
-
38%
/,
103%
16
4
42%
1%
1-% >
*15%
88%
42
103 %
105
1%
,88
106%
10
10%
10
39
.":i2%
2%
89%
43%
99
99
38%
104'%
2%
::
42%
*88
43%
99
99
,
38%
104%
2%
2%
2%
89%
43%
"43%
43%
2%
*88
89%
*88
•
43%
122
6
18
Sep
Jan
Dec
Jan
8 Va Jun
28
.15%
Feb
44%
30
112
4
31% Jan
131%
122
Nov
Jan
87
July 13
39
9
% Jan
1%
Apr
Apr
July 23
131 Va May
2
par
(Adolf)
1
JGoebel Brewing Co
—
1
Gold & Stock Telegraph Co—100
'
*2%
*87
64%
102
56
2
Gobel
17,200
■
21
Mar
137
'
1%
61
100
preferred
4%%
70
No par
Corp
preferred
General
2,600
;
20
Corp_
Telephone
Time Instru
6%
10
21%
No par
No par
—1
General Shoe Corp—
preferred—No par
800
'.-.••.
20%
100
1
preferred.
Gen Steel Cast $6
2,100
;
'it
28
107% Sep
5
3*2 Jan
116 Va July
Apr
% May
30
24% May 29
Realty & Utilities
$6 pref opt div series
General Refractories
1,700
85%
•
lliy4
23
Dec
25
4% Jan
Nov
Oct
13% Jan
V;"'
Nov
Jan
No par
:
21l/2
132
Apr
40'/a
3
7
103% Jan
Apr
Apr
6% July 23
Gen
2,600
16%
X23%
2
1
No par
^-10c
No par
Feb
30%
7
-
90 Va
Apr
19
preferred
Jan
Nov
21 Va
2% Jan
$6
Oct
9%
120
3
17% Jan
-' Gen Public Service
Gen Railway Signal
Dec
3%
Sep
66 Va
4
125% Nov
Common
4%
Sep
6%
1
119% Sep
14
44 '/a Jan
Dec
2
120 % Dec
128% Nov 30
.
Jan
140
Apr
2% July
5
par
General Printing Ink
300
22
106
104
44'/a July 15
July 28
83% Jan
Nov
39% July
8
93
preferred series A-No par
.
par
%
3,400
3%
May 19
32% May
148
22
1% Aug
9% Jun
13
34
>
preferred——No par
Outdoor Adv A
6%
1%
Aug 23
No
*111% 115
1%
151
Gen Precision Equip Corp„_No par
;K 3,200
V
107
Nov
No
'
2,200
7%
7%
*105
i
5%
5
preferred
$5
Gen
3,700
,
*1%
■'■':
7%
107
5%
■*26
20
7 Va
107
1%
1%
20%
20%
1%
*50%
22
22
fr
7%:
7%
7%
109%
>:/;>* 1%
115
*111%
1%
*50'%
1%
20 Va
20%
115
*1%
7%
*106
109%
'
5%
Jan
71% Jan
General Motors Corp
'
1%
>.20%
7%
7%
7%
109%
5%
5%
19%
5%
5%
Feb
3
8V4 May 19
'
■
46%
9V4Jun
1
Sep
18% May 20
par
Nov
Mar
35
4
No
IVa
98
100
preferred
5%
r;
•25,400
3% Apr
,
2
2
Foods Corp-—
Feb
Dec
Aug 31
No par
General Mills
—I
-
53'/4
20
Oct
10 Va
53
Jun
______100
No par
Cigar Inc..
$6 conv
11% Dec
4
3%
Apr
Feb
51
2
12
Gen Gas & Electric A—_.—No par
'
110
Apr
7% Jan
preferred
General
Mar
15
4% Jan
2% Jan
General Electric Co
200
15,100
:';y
%
52%
127 %;
\:
7%
134
5
preferred
Jan
8 Va
26
No par
cum
General
•
20
,42%
42%
'IIS- 115 V2
;'1
2% % 2%
'f
118%
*102
:
43
7%
Sep
2%
Sep
May
2% July
1
-No par
Class A
V
Jun
6% Jan
par
General Bronze Corp
16,800
2%
<.*128%
38
42
500
37%
116 >■
115
53%
37%
43'
37%
No
preferred
2%
Jun
16
Jan
9% Jan
5
7,400"/..General Cable Corp
1,860
3
1
Transportation
Amer
$8
7 4,500
27
37%
0
General Baking
147
37%
*114%
115%
2%
116
*102 •*= 106
106
*128%
lie
27
*145
37%
42%
.43
115%
M
2%
2%
:
'42%
•
:
27
37%
37%
37%
42%
115%
*114%
3
118%- 118%
*102
37%
>V
147
*26%
27
27
*146
4%
■
128
5,10Qt
5%
12%
■
Gen
4,300
4%
12%
A
$6 preferred
2,200
8
4%
27
53%
iS 200
—
12%
147
2%
2,700;
y
147
4%
85
*26%
*146
%
107%
44%
___.
10%
107%
147
7%
,
*10%
■
.'.
8%
:*,%• 8%'
8%
8%
147
*146
147
.
52%
12%
Svf 4%\
85
8%
*146
147
*146
v!
8%
8%
19% Jan
Gamewell Co (The)
Gar Wood Industries Inc
*105%
8%
par
preferred
1,100
:
,
Jan
Va
8
230
5,000
10%
,,,
20
%
1% Jan
9 Va Jan
13%
107%
':■>
1
28 %
10%
44%
—No
cl A
(Robert)
v; 4%
*105%
44-
(-The)
Inc
4%
10%
-
Co
Co
6%
13%
107 %
;
Gair
.
28%
10%
44 %?
Gabriel
;
47/8
*51
52%
10%'
1,600
13%
*105%
44 %
7,800
4%
13%
: *51
52%
2,400
3 %
13%
4% % 5
4%
*13%
3%
14%7:
;
3%
'14%
28%
14%
28%
28%
13%
13%
3%
3
2%
13%
4%
*51
:•>:
3
13%
13%
;:■>
3%
3%
3%
2%
3
3
3
13%
*13
28%
;*28% '
31/4
*
2%
3
13%
13%
'
■ 7,
:
•_/,
■: ;
'
'•
.*
Water—
1% preferred class A
Hall Printing Co—
Hamilton Watch Co.—
8% preferred
Hackensack
' .■'
•
'■
25
25
-10
-No par
100
22% Feb
11
28% Sep
3
Apr
13
1
38
12% Jan
5
18 Va July 23
9% Jan
18
35
Jun
104ya Mar 13
25
Apr
35
Dec
8% MaT
13
Aug
11%
Nov
4
8
Jun
7110% July 23
95
Mar
15% Jun
Feb
19% May
29
106%, Feb
Monday, January 17, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
226
STOCK RECORD
NEW YORK
:
Monday
Saturday
,'Jan. 10
Jan. 8
$ per
1614
6%
*6
:
25%
801/4
801%
130%
130%
*129
104 %
104%
105%
67%
*13%
*14%
14%
*115%
14%
66
/.,
"
21%
39%
39%
Holland Furnace
*39
400
39%
*13'/4
14
.13%
13%
500
Hollander & Sons (A)
14
14%
1514
14%
2,400
14%
15
14%
,"'14%
14%
'8
*115%
*115%
< *42%
15
,15
15%
8%
32%
32%
33%
1%
1%
7%
32%
7%
25%
25%
25 3
H'4
25%
*26%
//:■';
48
1%"
800
Hudson
6
'71/4
7V4
5%
*6%
400
6%
24%
25
8%
'6,000
25 3
,24%
26%
1%
4,000
1,300
3914
39'A //•
92%-,
94
74 %
11
8
72 %
72
,
10%
16%
16%
40%
41%
*■94
167
11%
10%
72
1%
2
1%
15%
172
16
;
4%
27%
27%
8%
40
141/4
;
f?
4%
4%
4%
27%
14 V*..
67%
131%
74%
;
;;v:
'14
74
40%
*39%
39%
36
36
35'/2
62
59%
60%
*111
117
*111
117
*107
11%
12%
12%
11%
12
12%
12 '/4
11%
12
16 %
16%
17%
17%
17%
110 %
110%
1101/3
*110%
*109
H
139 Va.
*137%
*29'/a
139 %
14
*13%
14
31
31
31
108
*107
112
108
/'
129%
100
129 %
100
.
21%
•
89
129
.
<
•
■
%
58'/a
59%
*58
UV:.'
100
—
-
21%
21%
21%
7,400
59%
'600
58
"/
58 Va
*80%
100
21V4
58
*58%
68 Va
68%
*68%
68%
1,300
*10%
10%
10%
40%
800
10%
18%
18%
118% :
18%
18%
*18
18% /
*13%
*17%
1814
*1097/a
21%
13 Va
13%
■"
.
7%
-
;/
21%
14%
104
*103
104
•
'/i'K
14
*13%
*7%
~7%
21'4
7%
21%
7%
21
211/4
7'4
*103'4
*1097/a
112
21'A
*112
*20%
13%
13%
*19
19%
19%/'
*31%
33
*31%
33
5
*4%
/
31%"
19%
5
:
31%
31%
19%
*19%
19%
33
*31%
5
4%
57
56%
57%
57%
57%
5614
5 Va
Aug
Apr
23%
Dec
3Ve Jan
5 %
Nov
V' A Jan
1%
Apr;
23
23
23
22%
227a
*6%
71/4
■
s;
4%
29
29
29
32%
32%
32%
73/a
22%
22%
29
32%
32 '/a
12V4
''64
64
29V8
29%
29%
29%
*17%
18'4
18-VB
18 Va,
39%
40 Va
41
41 Va
8 Va
8%
22%
22%
30%
19
29'4
5.0 %
29%
18 Va
17%
17%
23..
:
5%
23%
114%
538
23
;
*113
*1%
1%
1%
1%
1%
17 '/a
16 '/4
16%
16
30%
30%
30
30
30%
18 %
19%
37%
37 %
431 .'4
43
7 Va
*37'/4
.37%
18
*39%
41
40
X40
8%
8
■
391/4
;
1%
1614
30%'
*113
5
1%
1%
16
30%
29%
*18%
37%
43%
43%
43%
43%
45
7%
7%
7%
7%
*38%
39%
7
39%
7
3,900
%
391%
«■
4%
8,700
3%
3,400
Lehman
300
44%
7,500
7%
10,300
.
1,400
200
,
Co.
Jan
conv
Oct
23%
111%
Feb
10%
Jan
:
5%
Apr
8
Sep
24
109% Mar
74% Jun
Jan
8
5% May
/:9% Apr
151'/a
Jan
July
% Jan
5
No
Lerner
Stores
Jan
Dec
43% Mar
60%
Jan
3%
Nov
46%
39
Mar
48 %
26.
May
32
30
26
May
July 14
44
94
•
Jan
115
7
15
Va Jan
7
6
Dec
■*
10% Jan
4
104 Va
Oct
Jan
7Va
Nov
16% May 10
2
Jan
7%
Nov
5
32% Apr
Jan
5
145 Va Jun
136
Jan
1%
34%
18%
2%
Jan
Jan
Jan
Jan
Apr
Apr
95
Jan
Dec
Jan
Nov
138
10%
Nov
33 %
Jan
Jan
107%
50 V2 May
73%
122
Jan
Aug 28
Jan
Dec
Nov
129
26%' Apr
6
17% May
24~%
Jan
65
Apr
64
Jan
Apr
5
6
53%
82
61
Dec
19% Sep
23
> 5
9
117
Mar
29% Apr
Sep
13
17
24% May
11'
16% May 11
Oct
29%
Nov
May
Apr
11%
Feb
Dec
100%
Jan
Jan
11 %
Sep
103%
Dec
14%
Dec
Apr 24
7
93% July
10 V*
Apr
4%
Jan
May
100
<
■
9
Dec
-
105V4
Jan
8
% July 15
26%
Jun
37% -Jan
20
V
35% Apr
11%
Apr
15%
^4July 15
f
4
24% Feb 26
•
Dec
7%- Oct
6
Dec
113
2
7.
13
12
2
11
13%
124
Jan
81%
Sep 20
13
17
115
Jan
16
Nov 12
104
2
2%
8
6
10% Apr
1
11
Feb
127 .' Aug
2
79% Jan
May
7% Aug
12% Jun 25
23% Jan
24%
Jun
29
1%
Jan
2'%
Sep
40%
6% July 26
58
30%
24
17
10% Apr
3
Mar
2Ve
Jun
Dec
-Jan
Feb
Feb
22% .Jan
3V4
Jan
32 J/4
19% May
27
Jan
32% N
22%
Apr
29%
Jan
May
16% May 21
Apr
13
4
7%
9% Jan
19
2IV2
Apr
Sep
4
73
41%
Jan
7
Dec
par
17% Jan
29% ■Jun
Jan
18
7
11%
19% Jun
18
par
11% Jan ,7
26'/a Jan
27
39% Oct
30
8 % Dec
29
Dec
20
35
9
Oct
Jan
4
29
July 17
107% Jan
27
120
July 20
2% Jan
2
par
50
20
In Jan
11% Jan
24
Jan
2
6
12
6
8% Mar
15%
b
8V2
July 14
32
22% Jun 26
11%
11%
par
23% Jan
8
38% Doc
23
.No
Jan
12
43 % Dec
20%
par
31
31
NO
...7
5
Jan
2
Jan
4
...3
30
8% Jun 17
July 26
Dec
28
Dec
23'/a
Jan
113
Jun
4
II Dec
18
41
11V4
Atfg
2%
20% Jun
Apr
18%.May
104
8% May 19
1
2% Jun
14% Jan
Ford Glass...
Libby
10% Nov
May
5
...
,
18% May
July 21
79
87/a Jan 4
102
Jan 29
28% Jan 7
15% Jan
11
32%
85
92% Sep 27
Jan 21
Dec 13
78
Aug 16
19 Va Jan 7
54
Nov 9
64% Dec 29
8 V* Jan 4
Apr
5%
8
109% Aug 19
70
125
Apr
127
July 14
34
Jun
7%
24%
3
10
16% July
99 Va Mar 30
25
v
2
Jun
18
9V» Jan 12
26 Feb 19
•
6%
88%
21
111 % Aug 26
27% Jan
14% Jan
Oct
May
7
14
103% Feb
Feb
39 %
1%
18% Sep
9% Jan
90% Jan
135
i.
Jan
,Feb
16% May 10
7
6% Jan
5
Apr
38% July 26
60
36
Jan
Oct
li
71% July 12
102% Jan
/ Dec
Oct
20
11% Jun
4
136
1%
69% Dec
Jan
Oct
15%
.
30%
2
July.16
30%
Apr
7%
24
4
28
Dec
Dec
4V4 NOV
Apr
24 Va
July 14-
14% Dec
11
.39..
12 %
57
126%
5
36% Apr
138
6
2
;
Apr
1%
6% May 11
Nov 30
Dec
3% May
,38
2
50
Lehn &
Life Savers Corp.
18 '/a
100% Aug
'
25
(The)
Fink Prod Corp.;....
Libby McNeill &
Apr
100
preferred
Libbey Owens
5%
3% Jan
Corp
Corp
1
6
37VaJan
-No par
conv
16%
18%
Feb
8
8% July
38% July
Mar 25
45% Jan
5
Lehigh
30%
39%,
No
Bryant.
'
38 %
CO CO
No
Rubber & Tire
1,200
7%
:.
Lee
1V2
44%
•
Jan
6%
Dec
67
100
Portland Cement
preferred
Lehigh Valley RR
_
Lehigh Valley Coal
18%
37 Va
Lane
Lehigh Coal & Navigation1
'
Feb
12%
19
8 V* Jan
.100
(The)
/ 6,600
37%
19
19
37%
5%
Lambert Co
'
5%
15%
2.9%
.
74%
5
3% Jan
No par
10
1
Louis
1,600
8
115
1 '4
15%
200
Apr
8% May
Dec
5 <•/.
.
preferred
'"/. ;■•/.:/ 700
23%
5
18 A
39%
.
231/4
115
3714
*38 Va
-
*113
38 %
18%
8%
23J/8
■'
43%
.
footnotes see page 231.
"
%
x23%
270
:V//;
54
'Jan;
July
25
No par
No par
& Bak
Laclede Gas Lt Co St
1,200
29
29
Kroger Grocery
....
...
430
',63%. T
*17
38
*18'4
43%
7'/4
*
62
17%
.
,
;,i2%;f;; /
29%
.
*
64
5
115
5
5
16%
n.
23
.
12%
(G R) Co.......
prior preferred....
Kresge (S S) Co
....
$5
Kresge Dept Stores
Kress (S H) & Co
300
July
163%
61
129
Kinney
'
2,200
/.
July 23
153
166
Jan
B
City Southern..-.
3,800
.
:
32%
29
8%
8%
8%
,
11%
150
2,500
7%
,32%
33
"
.
29%
29
100
v.; 300
22%
*6%-
:
*17
.
41
*40 %
41%
8%
.
*112
43
39
*63 Va
5 Va
37%
7V4
65%
114%
17%
19
64
5
5
30 ',4
65'4
*112
114'/3
1%
11%
*40 '4
8%
22%
11%
12%
*17%
12%
64
12
.
,
.
■
;
55%
22%
7%
28%
15'4
/ 5
55
22%:
32%
32%
*4%
600
;
Dec
35
100
2
22,500
19%
16% Feb
Sep
Apr
9
2
11V4 Jan
2,400
Oct
4%
May
5
pfd_100
Kelsey Hayes Wh'l conv cl A
1
Class B——....
1
Kendall Co $6 pt pfd A™,
No par
Kennecott Copper/.—_i_
No par
Keystone Steel & Wire Co—No par
Kimberly-Clark Corp.......No par
' 200
.
•
31%
*31%
.
56%
29 3a
12%
64
13%
Nov
Jan
& Furn
(Julius) & Co..
Keith-Albee-Orp'heum conv
20%
Jan
10 %
Oct
Mar
74
19
23
2
13
6
111%
31%
/
28%
33
—
2'/a
Mar 29
City P & L pf ser
Kayser
*19%
4%
*6%
29Va
32%
33
41/2
22%
"
.
.4--
6
Nov
23%
42
Jan
Mar 29
.10
*12% Jan
.No par
121 Dec
Kansas
No par
5 V4 Jan
4%. non-cum preferred—100
19 Dec
Kaufmann Dept Stores
1
>7% Jan
5% conv preferred
_•_•
100 ?; 83
Jan
Kan
y%
Jan
May
Apr
1
Kalamazoo Stove
.
32
32
65"
/•'
*12'4
8%
7
/// 7
18
13%
191/a-
56%
57
29
29
29'/4
r:
.
31%
4
'
7%
7%
100
*
0%
13
May
100
Mfg Co
Joy
*112
19%
■"
33
'
400
1,100
.:;
104
*20'/4
13%
31%
31%
19%
*41/3
31'A
31%
*31%
3Wa
103 '4
*110
21
*112
'«iw-
*112
*112
■■'■■■■
21'4
13%
13 7/a
13%.
13%
14%
*17%
///■„
111
*110
111
*20'4
21Va
*
18
17%
*110
111
21'/a
.
.
.".-20
1,700
21%
*13%
■
104
*17%
'
*17%
7%
20%
14
:
:•
7%
VA21
14
/
,.
123%
'
104
*103
-
181/4
*17%
18 %
123%
21
/"/
14
*13%
18%
*18
*1231/2
*123
*123
■
21%;
For
*80%
217/8
69
*102%
112
39
r
Jan
40
No par
Preferred
i—_
™100
Joliet & Chicago RR stamped__100
Jones & Laughlin Steel—
No par
'•
5%/pref series A._„__
.100
5% pref series B couv
100
20
10%
7%
14%
71/4
100
22%
90
129»/4
*128
69
21
104
1 %
1 % Aug
Jan
16%
147
I
No par
(WB) Co...
100
10%
7% /
17
Oct
Feb.?
34%
28
1
1
900 /-
69%
*123
■
22 Va
5
Apr
2
Sep
4%
/
29% May
%
Dec
106
May
2%
Oct
Nov
44 Va
Apr
96
Feb
11 Va
July 27
No par
Jewel Tea Co Inci
4%% preferred™.
2,200 ■4 Johns Manville Corp...
V; //■:'
107%
891/4
89%,,
Jar vis
1,400
31% v.31%:
129%
*128
129
21%
21%
Vv;>
10%
*18
22-%
■v
177
100
Coal
preferred—
$6
100
-
69 %
18%
7%
8% Jan
30 %
Feb
39'/a
177
No par
No par
.
-
'
14%
*107
108
89
*80%
129%/:
100
*80 %
90
^
139
14
31%
31%
*107
-
•V *138'/a
14
13%
.
Stores.
Island Creek
29
10%
18%
*112
89
;
200
16
69
*10%
57
:
20
No par
No par
Preferred
58
10 3 4
*22%
Jan
21
8
100
.
Intertype Corp.
*28 Va
138%
Interstate Dept
1,200
68%
69
*4%
Jan
38%
20
9
-—-100
ctfs—
Foreign share
2,800
-
58%
/,
59
31%
Dec
115
Dec
Oct
/?
9
55% Jan
_
500
*15%
110
*107
21%
21%
*10%
*114
Dec
27
115
5$ 11% Jan
Silver
50
preferred——————100
,Intern'! Telep & Teleg™
No par
260
16
31%
31%
110
*128
129V4
*80'A
128
*801/4
13 %
7 Va
18%
Jan
21%
21
Va Jan
25
—5
-100
1
7%
39,700
Jan
162
—No par
International
'
12%
29
138%
14%
'•
-
17Va
*28%
140
*14
31
88%
88%
*87%
87%
*20%
6
12%
110
56% Jan
par
100
.
preferred™.
"conv
\5%
110
*15
29%
'
12%
12 %
110
110 V*
*110
i6
16
29 '/a
14%
31
31
*17%
Nov
29% Nov
14% Jan
15% Apr
6
No par
—_„100
Paper Co
15
International Shoe.—™
800
61 '/a
17'A
17%
1,200
117
11%
12
11%
*16%
:'r
*137%
140
'
14
;
29 Ys
29%
30
:>
16
16
15%
15%
4
12
131/2
*109%
Dec
17
Mar
v
144 Va Jan
.No
Hydro-Elec Sys class A
of Cent Am
5% preferred
International Salt
600
36
*59%
11%
11%
*f-\
12
12
140
*13%
15
12% Mar
■11
Oct
7
/
6
Harvester/..
Inter Rys
390
40
*111
117
*111
117 :
16 V2
..
29 3
'
<
500
•
73%
*35%
,
:
106
...No par
.......
International
2,500
8%
par
Machines
Preferred
'
,40
.
35%
62
16
*102 %
s%;
,/;• *73
73
39 %
63
*7%
J£*U
78% July 24
6'Va Jan 27
21% Jan 28
100
preferred
International Mining Corp
Int Nickel of Canada
i
16,700
68%
67%
8%
*8
'
14%
•:^v 14
67%.
67%
8
131%
,,
.
74 %
74
40%
131
36
*21%
102 Va
28
9% Nov t 8
......
4%
240
13%
67%
Int
14,500
63
110%
*123
Dec
Mar
79
32%
168
17
5
1
International Min & Chem
3,800
271/4
36
69
Dec
48%
44% Jun
29
20
Preferred
500
27%
131
131 %■■
8%
8%
*73
:•
66
Business
Jan
62
—
..No
preferred
Intercont'l Rubber
Int
26,100
4%
14
?•:
68
>■ *8
"v;.
65 Ve
65
_
6%
360
16%
par
86 Va Nov
....—
Steel Co.
International
3,400
1,300
63%
*58 %
// 75'/4
.134
100% Apr
32% Nov
158 »/a Apr
preferred
Interlake Iron
200
;
.
27%
27%-/
131%
14
■
1
65
4%
/' 4%
27 Va
.
67%
73%
40
•■■■
;
130'/4
130
131
:
3,600
4,200
7%
16
16
16
36
21'/a
14% Nov
Feb
-19% July 24
11 Va Jan
par
.No
Interchemical Corp
/'
20
-172
172
63%.
87%
Apr
May 10
13
Insuransharf»« Ctfs Inc...;
10O
700/
iy8
.
4%
27 y8
72%
*16%
108
'/
May
Jan
Jan
No
*
72%
71 Va.
173
1%
16%
.
*64
65
4 Va
*8'/4
12%
*29 V8
Apr
6
4
Inspiration Cons Copper...
,
164
*163
71%.
172
3,600
-
7%.
■vMV 7-/
165
•
112
7
7%
Inland
34%
*33%
*111%
7
65
16
16%
.
*64
65
14%
12%
*136
Oct
Feb
158
Apr
5
37
...
Ingersoll-R8nd
7%
7%'
'
.
!
112
71%
1%
'
•34%
*163
173'%
1%
"•
'
7%
■
7
7Va
■113
171%
171%
7'/4
171%;
72 %
71%
71%
71%
68'/a
17
*14%
Dec
58 Va
30% Mar
16% May
48
Lt____No par
1,700 "
10%
7
171%
173
*170
75%
*111V4
112
7 Va
7%
7%
7%
14
*12 Va
*109
Jan
94 Va
51
31% May
.100
Industrial Rayon..
6%
10%
*7V2
A
Indianapolis Power &
97
74
341/4
f"v 7
7
7
7
68%
117
12
1%
Apr
125
Jan
8
1000
1,300
167
10%
7%
See ctfs series
RR
2,810
74
62 '/a
62
Jun
10%
18% Jan
......100
3,700
/'"■
;
•
10%
34%
*7%
'112
v
*130
40%
*107
Nov
141 Va
2% May 10
Jan 2
1UU
...
Leased lines 4
890
'
preferred series A..
6%
2,200
RR Co—
Central
1,600
96
36
36
•
Dec
May
May
45
._..__.20
Idaho Power Co..
Illinois
13,700
,
73%
>
•-
'
'
*160
167
*160
•74%
741%
,
95%
94%
95
*160
113%
172%
40
40
35%
*39%
4Va Jan
22 V4 Jan
4% Jan
100-
Jan
88
8V2
79 %
2% Jun 18
10% Jun 17
29% Mar 30
11 Va July 12
% Jan 7
. 8
7
2
—100
Manhattan
preferred
Min & Sm Ltd
&
No par
Hudson Motor Car-_u-------No par
Hupp Motor Car Corp.
——1
'
17
/'/■;
V41/:'.//
16%
40 %
96
*110%
113'4
27
73
10%
26
10
9%
10
.17%
34
8%
8%
48Va
7%
68 %
68%
48%
34'4
I4V4
14
48
167
10%
*4V4
131
*130
'
48
*7%
15%
27 Ve
27
27%
48
34%
*63%
4%
27%
28%
40%
41 Va
10%
1%
65
28%
27%
8
71%
15%
*4'/4
.12%
34
171%
1%
11%
11%
96
7%
::;'
V4
11%
17
'
17
10%
/ 7
171'/a
26%
11 Va
10
9%
9%
.
173
*26 Va
'
'
172%
■■■
7%
49
48 >/4
261/4
28
28%
75
34
7
15%
1%.'
5
non-cum
Hud Bay
2,100
11%
12 Va
75
*111
'
°637/»
8%
47%
11%
75
*71/2
34
1%
^
26%
26 Va
*160
10%
*7%
72
1%
1%
167
10%
113%
:
95'%
741/4
*170Va
1%
1%
40%
73%
*170
•8%
8%
17
'
*162
167
7%
8%
■
1%
40'/a
38%
91 %
*6%
25
25%
9
9%
17 Va
*111
1%
•
s
8%
17'%
*17
17%
*33V2
Howe Sound Co_._—
1%
26%
1
26%
9%
9%
*161
Houston
1,600
32%
26%
11%
47
V;
47
46%
8,400
32%
;
1%
.3.3%;;
1%
;
11%
26 Va
•;:*91/8
7%
32 %
7%
*32'A
27%
26 Ve
26%
11%
:
651/2
7%
65
65%
'
Power Co ...No par
Oil of Texas v t C25
Houston Light &
1%
*321/4
—100
preferred™
5%
80
1,800
Jan
4%
,
I
261/4
20%
Household
100
58 ; /.
110
110
A-.^--—No par
No par
Finance^.../-^,
.-No par
B
Class
5,800
15%
58
59
110%
7%:
8%
.
1% :
15%
<
.
.
Jan
7/a
3% May 10
21% May 10
25% July 13
40% July 2
17Va July 12
12% Sep 8
17 Apr 8
115 Jun 22
117 Aug 14
31 Jan 5
42% Sep 20/
36% Jan 13 '
45 July 2
9% Jan 5
17 July 22
44 Jan 2
57% July 30
105 Mar 10
114 July 12
59% Aug 31
68 % Nov 1
3% Jan 2 ■ 9'/4 July 13
30 V4 Jan 4
41% Apr 3
Houdaille-Hershey cl
7%
4 25%
8
87/B
•■'/ ///■ 8%:
1%
9
/1%
Va.
25 7
4
100
-
1%
*6%
7.'i. a i
*614
*6%
1
1%
1%.
43
651%
81/4
'
1%
*42%
15
*110
661/4
-7%
8%
43
*57
59
66
..
Vs.
8
17,300
" 15
IIO.V4
1101/4
44
(Del).^—
16%
146
Apr
5'/a May
6
14% Jan
Apr
3% Mar
16 V4 Jan 18
28% Jan 21
7 Jan 6
Holly Sugar Corp
;
No par
\
1% preferred—.—.^—--.-~-100
Homestake Mining
12.50
w''' V"'"
—
41%
42%
*42%
15%
15
*57
66
65%
66V4
43%
58%
109V4, 10914
110 %
■
*42%
43 V4
*56%
59%
42%
39%
*115
41%'
411/4
42
40%
43
xl4%
*115
.
40'4
,
*21
21%
'
10
1
10
5
CO
(C E) The.
Hires Co
14
65%
33
8%
Hlnde & Daucti Paper
21%
39%
1101/4
:/:
"
7%
v
13%
*56 Va
57
*32%
*20%
39V»
43
14%
"/
43 %
110
*20
21%
13%
/;
40%
/.
40 Va
66
22
39
*20%
39
*115%
■
110
*20
13%
22
*38
■
*55
22
*20
22
*20
/':
14'4
13%
1 %
200
•
22
*20%
.*20%
22
*
,20
115%-' 115%
115%
*115
:
900
661/2
*63'4
66%
*63 Va
661/2
115
115
V
12,500
130%
*129
130
•
80
80
8OV4
80
Apr
12%
80
Jan
104
93
93'/a Jan 20
110% July 23
Helme (G W)..———
25 . / 56% Jan 6
71 Apr 2
1%horircum ^preferred
100
152 Jan 5
172 Aug 23
Hercules Motors.....
No par V 12% Jan 8
29'/4Dec 28
Hercules Powder
No par
73
Jan 5 % 87
Jun 2
6% cum preferred—
100
128 Dec 23
136% Aug 26
Hershey Chocolate
No par
19 Jan 9
71 July 14
/ $4 conv preferred.-...—No par
100 Jan 6
118 / Aug 16
400'
$ per share
share
X126
109% Oct 11
10'/4May28
2
l%Jan
8
25
Co
Glass
Hazel-Atlas
360
25%
24%
24%
24%
130
130'4
1
Hayes Mfg Corp
6,000
*163
*163
25
80
;;
67%
*66
68
*66.
300
.
13%
22
39
14%
2%
1041/2
*63%
,//■:.
115
*114Va
22
*20
.
*38
*42%
2%
104'4
'
7%
*7
.
'
*20%
40 Va
2%
*130
130%
66 '/a
*63 %
66 Va
2%
24%
80%
*130
115
*114(4
115
*20
130%
*63%
66'4
*63'4
*114'/8
80%
'; 2%
80
/
25%
80 %
80%
;
7%
*163
24%
25%
24'/a
*7 'A
67%
■//
67%
*103%
7%
.
class A——1
6% % preferred.;—
.—.100
Hayes Industries Inc
1
105
*104
105
106%
105
...
*163
*163
-
25%
6V4
3
Jan 5
Jan 2
Dec 14
Highest /
Lowest
I per
18% July 6
144% May 14
7 % May 29
Feb
135
4V4
86
6
...—...100
Year 1942
"
Highest
$ per share
107% Sep. 13
I per share
99% Jan 6
13 Va Jan 6
Par
Hat Corp of Amer
800
v.
Range for Year 1943
: .
No par
No par
Co $5 pfd
Refrac..
preferred
6%
70
v:
2%
'
^
105V4
67%
'
*163
2%
105
6
5%
7%
7 Va ''
2%
67
;•//. 67
67
*64%
*105
106%
71%
•105%
105
1051%
IO41.4
61/4
61/4
6
*6
// 2%
2%
2%
2%
140
;/v//;
141
*140
140
///•■>/
Harbison-Walk
1,300
16%
(M A)
Hanna
10
106
16 Va
^
Lowest
.'v;;
Shares
share
$ per
-v."-v.;
EXCHANGE
the Week
U
.
*105'4
16 Va
15%
140
6
7%
*6%
16'%
*135
*105
106
*10414
7%
*6%
16%
16%
Jan
C
*105'4
105%
140
6'A
*6
•
,
106
*104%
105%
106
*135
140
t,135
138
138
S per share
share
per
16%
16'4
1638
16%
$
*105%
106
*105%
106
*105%
Jan. 12
Jan. 11
,
share
$ per
share
Thursday
Jan. 13
S per share
NEW
Sales for
Friday
'.STOCKS
FORK STOCK
.
.
SALE PRICES
Wednesday
AND HIGH
Tuesday
LOW
Jan
Apr
Apr
Jan
Jan
1%
Jan
15%
Aug
25
Dec
14 V4
Aug
Apr
26%
Dec
Jan
33%
Dec
4
Mar
51/*
Jan
20
Mar
33
Jan
Volume
THE COMMERCIAL
Number 4247
159
& FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
Saturday
Jan. 8
i
Jan. 10
J
s/iar«
per
68
69%
68 %
174 %
68%
%
4' 70%
72 %
70
70%
70
71%
175%
174
175%
27
*26%
27
38%
39
27%
39
*37
*27
27%
39
'■"26%
27
*38 %
39%
39
39
*37 Va
38%
37%
38 %
37%
*19%
20
*19%
19%
*19%
*20 Va
20%
38%
20 '
20
20
20
/
18'4
18 Ve
♦151%
19%
2,400
38%
*19%
20
20%
Wks
Lima Locomotive
700
19%
«
20-/2
Link Belt Co_;
300
.
No
Lion Oil Refining Co
1,500
Liquid Carbonic Corp___,
15%
16
16
16%
9,300
Lockheed Aircraft Corp
59 %
58%
59%
59%
59-4
2,200
Loew's
46
45%
45%
45
45%
45'/8
45'/2
2,400
Lone Star
8%
8%
9-/a
5,700
Long Bell Lumber A
28%
900
19%
8%
29%
29%
>18%
18%
18%
152 %• 152 v2
*151%
29
421%:
73%
73 %
73 Va
73'/2
27
27
'
21
21
74%
74%'
153
/Lorillard
20
7%
74%
1,700
tP)
Louisville
>
Jan
7
44
Mr "27
22-4
Jun
32%
Feb
34% Jan
V412% Jan
19
43
July 20
21% July 27
21% Jun 26
25 %
May
9%
Jan
4
15% Jan
4
!
6
•
51% Jan
16'% Oct.
11-/4 May 10
4.31
Oct 28
21 % Jun
7
-.—.100 4 148% Jan 12
15% Jan
6
59% Jan.
6
:
Dec
42-/2
Jan
7%
Dec
Mar
19% Nov
Apr
128
Mar
16% Nov
153
4
Dec
11%
29
May" 6
18%
Jan
85%
July 24
Apr
Sep
76%
Jan
15 Ve
79
,
Jan
Jun
11%
163% July 22
22-A July 19
8
Dec
46%
15
5
:
16%
24-/2
2% Mar
.
Jan
31%
37% Jan
100
11% May
14% May
64-/3 July 24
11
37% Nov
12% Oct
37
25% Mar 29
12 Va Nov 29
42V* Jan
7
6% Nov 27
//18% Jan 13
Nashville
<Si
Dec
24
__10
...
Jan
Nov
—25
Co
Jan
74%
23%
...No par
preferred
73%
177
Apr
Louisville Gas & El ANo par
<700<
Apr
16%
par
Biscuit
Apr
28% May 27
No par
1
Cement Corp___^No
Apr
164%
4
.—.No: par
Inc.-
Loose-Wiles
3,200
-
? 21
P. 74%
73%
73%
V'
;
'
18%
153
21
*20%
20%
74 >/a
21'2
••18%
153
*152
21>2
21%
'i 18 Va
18
18'A
153
28%
29
29
29
a-
9
8% '<■ 9
V
par
.No par
50%
50 Va
19
182 % Aug
2
t per share
22% Jan
par
No
—_
Dec
Highest
I per share
71
July 15
73% Jun
4
Dec
1
62% Nov 30
171
No par
16'4
21 Va
73%
38
19%
20 Va
8%
152%
21%
38
4
:
40
Lily Tulip Cup Corp
15%
v
18 Va
152%
18
x
39
38
37%'
200
45%
45%
*8% 4 8%
29% 'i 29%
29%
29%
*151%
38%
20
*20
20%
16
: 58
45%
38 %
/•
27
.
$ per share
••/'. 62
25
100
59%
16%
59%
,
27
i
Series B
Preferred
20
Year 1912
Lowest
Highest
t per share
25
Liggett & Myers Tobacco
2,200
tyk<
59
15%
59%
8 >4
27
:
•
700j
:
XV l
72
175
*26%
Par
16 %
16%
60%
45%
72
175
Range for Year 1913
Lowest
Shares
70-4
7'1%
*174
Range for Frevions
STOCK
YORK
EXCHANGE
,
%
*20
16
59%
45%
70%
69%
175%
71 Va
•
*174x4: 175%
NEW
the Week
$ per share
share
69%
70%
71%
69 Va
69 %
•V
t per
S per snare
share
*174
;1
70
70
174%
S per
shure
per
Sales for
Jan. I t
13
Jan.
Jan. 12
Jan. 11
Friday
Thursday
Wednesday
Tuesday
Monday
STOCKS
HIGH SALE PRICES
AND
LOW
Apr
M
*26
27
*26
'
*133%
138
*133 %
-
35 %
35-/4
34%
35-/8
29
29
28-/8
29
29
28%
35
28%
;
14 Va
*16-/4
14%:
'
14%
*14%
16%
*16%*285
315
*298
310
14
16%
16%
*298
K
14%
16%
14%
315
8%
1
*18%
*2%
6%
6%
13%
14 I
143/s
17%
14%
6%
6'%
6%
13%
13-%
13%
14-/2
14%
14-/8
14%
17
17%
17-/8
17-/4 '
19
•/:
1
:
:•:'.;
6%
6%
•••:*/• 13 '4
13%
Xl4
14%
17
•
*
5%
38%
39
38%
38%
28
*26'%
28
*26%
-
5%
39
5%
538
5%
'■
Magma' Copper
r
u.lO <
Mahoning Coal RR Go———4_50 <
Manatl Sugar Co
_1
15
J
8,200
100
Manhattan Shirt
2%
600
Maracaibo Oil Exploration
6%
; 23,100
13
"
•:
-
27 -4
Master
5,8005,300
• :
/
'•
"
175
55%
*54%
55%
♦55
:
55
21%
21%
55%
5-%
5%
35
110
21
112
"
10
20%
21%
16%
,
16%'
3,900
"
:
*16 "
29%
30
*29%
30
*29%
*106
16 Vb
*106
/ 112%
'29%'"
*29
29%
.16
•
49
14'%
14%
14%
15
147/8
*14%
*14-/2
*48%
48%
48%
49-4
48%
48%
48%
22%
22%
V
23
22%
23Vz
*22%
22%
•
,
1,600 r
*29%"
YfP:
29%>
800
14%
•
14%
No par
McGraw-Hill Pub Co
600
49%
165
37-
.
2,600
•
2,300
*10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
1,500
McLellan
>112% 113%
*112%
113%
8%
8%
8%
1,500
Mead Corp
10%
*112%
114%
*112%
114%
*112%
113%
*112%
113%
8%
8%
8%
8%
8:,4
8%
8%
8%'
85%
*34
*83
*70
72
70%
33%
8%
*83
71
70
70%
32%
33%
8%
87a
9
8%
*33%
8%
9
;:>:•; 8%
40
*39
*27%
28%
*28%
29-4
29 %
29-4
6%
6%
6%
6%
25%
26-4
27-/8
27%
29
28'%
28 %
28%
29
29-4
29-4
*61%
6%
6%
6%
26-/4
26%
26;
26-4
29
28
29
73
119%
74%
73%
*119
1,100
Mesta
Machine
6%
6%
■
.
6%
sk
94
94%
94
95
93Va
19%
19%
19%
19%
;•,: 19-/4
2%
*21/4
2%
8%
90
"•
6%
6%
•
93%
2%
2%
2%
•
2%
:
1,000
2%
*2%
-
S6.50
1,700
.
,
'
'
9%
9%
*30
79%
79
9%
-/a
31
79
•79%
9
8%
.
79%
*30%
v
9-V
'.3r.
:
-9%
30%
79
78%
79%
79
5%
8%
%
31
*30%
31
30%
30%
30%
79
9
9%
*116%
*116%
116 %
1,400
14,000
80
117
109
117
117
*116
117
109
117
Oct
Jan
*108
109
109
109
.
109 %
109%
109%
i
'
*35'%
38
23
*36
38 %
*35%
39%
22%
22-/a
22%
16%
35%
22-4
45'4
22
35 3
22%
22%
a
46
45%
46%
16%
16-4
17
45%
46%
36
*35 "2
22 Va
46%
46%
46 >4
46%
■
'
46%
100
15%
15%
15-/2
17
*27%
27
28%
*71%
22
76
*75
*112%
113%
9%
9-/8
*45-4
46
;■
VS"' ;•/"
^
/V.'
21
76
■
75
75%
*112%
113%
C
18%
/
28%
4,400
9-4
8%
*45'4
46%
*%
'8
*
47/rf
4%
72
72
,
40
•■
21%
20O
*74%
"75-/2'
300
112%
112%
*21
;•'.■.
'
•9
9
'
46%
,*45%
46 Va
2,600
4,200
•
'
113%
112%
9%
•
9-4
*44
46
5
21
72
*21
*75
113%
8.80O;
•
27%
73
5%
72
*21
9
7,210
•
18-A
.
•■■'■
5
*72
22
/:/.;>>■ 5: ;v:
72%
:
75
9%
17%
'
22
*112%
113%
*44
18 -4
28-4
75
'.
9-%
18
28'4
*21
21%
*113%
18-/2
27%
■
•76
*75
18
4% vf5 ■:/"
4%
73%
*72
73
*20-4
18%
28
,.18
27%
27%
4%
4%
: >■;
*4%
72%
17.
23-4'
17
<
18
17%
27%
17
16%
16%
22%
•:•
*45%
-
90.
9%
:
par
5,900.
46%
22% May
34%
19
Dec,
25%
Nov
29%
Jan
•■
July 17
19% July
Apr
1%
Jan
Oct
13%
22
76
Jan
3% Nov
22
Nov
101
Jun
9
Jan
46%
Sep
Sep 29
Jan
176
Apr
22% Aug 18
17% Sep 21
113-/2 Oct
2
Dec
Mar
110
127/a
Oct
14
Jan
Sep 30
16% May 19
10»; May
99% Aug
14: -Apr
6% Jan
50% Apr
8
27 Va
Oct
39
Dec
25% Jun
28
9%
Jan
15%
Dec
11% Sep 18
115% Aug
4
5%
Jun
7%
Jan
29
;
10% Apr
13
64%
27
Jan
24%
Dec
9%
Apr
x5% .Nov
26
78% Sep
108%
94
6
;
Feb
89
Nov
108
Jan
7% May
Oct
77
•
Mar
55
Dec
72
Feb
34% July
8
20-%
Jun
32
Jan
12% July
4%
Dec
6
Oct
July
6
3
22'%
Jun
29
Oct
32% Mar
2
Jan
31 /
7-/4 May 29
36
6%
Aug
162
Aug 23
Sep 13
60 ■
1
21
Apr
33%
Oct
24
Dec
30%
Jan
5
Apr
7%
Jan
Dec
42
4/84 %■: Apr:/'0/
4
9% Apr
8
6
30% Sep
21
12% Mar
/ 19%
20% Jan
7
106% Jan
4
58
Feb
8
107
Feb 19
31% Jun
7
16'/a May
88% Apr
23%
Oct
108-/8
Nov
59'%
Dec
Dec
•//
128
July 19
76% May 6
110Apr 21
113 % Feb
,4
•
8% Jun
103%
108
111
1% May
Jun
67
Mar
14%
Nov
92 % Jun
iV Jan
Oct
1%
Jan
12%
Feb
18
Oct
91
Jan
4%
Oct
30
66
110
May
May
117%
Apr 29
>
112
May
120
Oct
Feb
102%
Apr
110%
Jan
23%
Apr
34%
Dec
6
28%
Dec
48% Mar
7
12%
Dec
Jun ; 5
6%
Jan
11
Oct
9%
Apr
12%
Nov
20% Aug
25%
Jan
3%
Jan
114% Aug 24
50
July 14
39% Oct
27% Jun
17
;
18% Apr
31
1%
1
Mar 19
121
x
Dec
Apr
30% Nov
Dec 29
Oct
3%
8%
6
5
119
Oct
57%
4
11% Apr
V
Jan
*107% May
lit
July
3% Mar
par
Jan
July 23
98-
1
35%
10
25
Dec 24
106% Nov 26
par 4
33'% Jan 14
Morrell (John) & Co——No par
31% Jan 8
Morris & Essex.
50
13
Jan
5
Motor Products Corp—.J.±..No- par
<9% Jan 7
Motor Wheel Corp
5
11 Ve Jan 12
Mueller Brass" Co——
—1
21% Jan 8
Mullins Mfg Co class B
—-1
2% Jan 2
$7 preferred——-—
No par
53
Jan 7
Munsingwear Inc
1— No par "4
15
Jan 5
Murphy Co <G C)
No par
62
Apr 13
4%% preferred—
TOO
111
July 3
Murray Corp of America——.—10
5% Jan 2
Myers (F E) & Bro
No par
34% Jan 12
8,900
39%
*35-/2
•
No
B
preferred series C
No
Montgomery Ward & Co—.No
•
23
series
$4
250."
'
'
46%'
Preferred
90
117 %■
109%
109%
109
v
117%
7
32
Jan 2
Jan 17
Jan 13
Jan
2
Jan
4
Jan 12
,-10
Jan
Jan
176
3
64%
13%
/;;•
%
3%
17%
75%
113
116 %
No par
Jan
3%
Jun
Nov
17% May
3% Sep
,4 27%'Mar 26
5
2
—*1
Chemical Co—
preferred
$4.50
2%
Dec
2
26%
Nov 2Q
No par
16%
May 27
7% Jun
107
—No par
—-10
X6%
43% July 16
/
7%
Monsanto
2,200
*116%:
117%
*116
118%
*116
:
May
11% May
% Mar
11%
■
*100
preferred series A——100
Mohawk Carpet Mills—1
20
4
700
30%
79-/2
.
."•••?.
*116%
*116%
preferred-
Corp.—.
Mo-Kan-Texas RR
•
*
100
5
12%
11
18% Jan
:/;
No par
preferred series. C
Mission
par
Jan
5
23
24
5% Jan
26
100
—
Minn Moline Power Impl-*
3,600
19%'
*19-4
.
No
Products.,
1st preferred
cum
4V4 %
,•■
;v>
11
19%
2%
2%
—5
Co—
Minn-Honeywell Regu._
4% conv pfd series B
1,000
30
93%
19%
*2-4
1
-
93-/2
19%
-
73-4
108
Steel
Midland
800
,
♦110
94%
•
120%
108
"
6,11)0
'
,
par
4%
2% May
11
Apr
25
Jan : 4
23% Sep 24
Miami Copper
—
——5
Mid-Continent Petroleum.*—
10
u.
28%'
73-
m
75
.
26%
*119
*110
*110
634
26
*27%
108
*107
108
6-4
6%
120%
*73-/8
75-%
74%
—
6%
•
119'/a
108
103
*110
6%
'
•
120
*107
—
*93%
,
120
S
108
6%
6%
19%
19-4
*28-4
"73 " :
73
'
-
120
*110
95
*93%
28%
*107
—
6%
x
:
108
*110
26%
120
73
„
*107
6%
28-/4
118
No
Min Trans CO—-
&
Jan
Jan
'
%
26%
■
conv
1,200
29-/8'
29%
5%
Merch
100
~
27%
8-/3
8-/2 Jan 11
4% Jan
(The)*———j————1
1st preferred
50
' Dec
Jan
4%
6
-
Menge! Co
320
39%
28%
40
*27-4
27
5,500
28%
39%
29
29%
9%
*39%
39%
*27%
6
8%
8%*:
conv
$5.50 pfd ser B w w—....No par
Melville Shoe Corp——.
——1
500
40
*38
29%
117-/4.
30
44
300
70%
33%
29
40
39
26 -%
70
*32%
*27%
*38-/4
*28'%
*28%
86
*83
86
86
34
71
34
*33
33%
8'%
*83
71
.
6%
'
*
34%
:
86
*83
86
72
85 m.
*70
*8%
Stores
Jan
15
'
10%
13%
July 14
Jan
4
67% Jan 9
60
Jan 13
27
Feb 9
22%
Nov
19
Sep
I8V4 Apr
^.No par
$6 preferred series A—-No par
22%
.
Jan
9%
xl7'
6% Jan 13
101
Feb 24
22%
23-/a
21%
6% July 13
Co—j
1
preferred——i—.—^'100
22%
'
Apr
4% July 14
38-/4 Jan
7
14-% Jan 27
Mclntyre Porcupine Mines
5
McKesson & Robbing Inc——-.—18
49
Jan
Jan
Jan
35%
17%
19% Apr
19% Nov 26
par
^*100
131
Dec
6
8% Jun
12
tr
23% Jan
Dec
>
•26%
Mar-15
<320
.
»
49
15
.
'
-112%'
*106
'
29% 1
29-4
15
49
*14'%
.
112%
16%
112%
16-4
16%
*106
112%
*106
112%
*106
16%
16%
16%
16%
24% Mar
2 Va Jan 7
21% Feb
4
100
Jan
9
McCall Corp——♦
12% Jan 16
McCrory Stores Corp...———..l
11% Jan 7
:
5Vc conv preferred w w_—_*100
104
Jan
7
McGraw Elec Co_-_*_-*ii^4i^a./;i.4/19% Jaii 13
500
34% '
Wks
4
Maytag Co_
—
—No par
$3 preferred—
No par
$6 1st cum preferred
No par
112
*106
21
x20%
5-4
*34%
35%.
V
*106
'
112
20%
20%
*34'4
35-/2
35%
*108
5-4
5%
5
5-4
5-4
;
■
351/4
20%
21
5%
112
*108
108
20%
20%
20-/2
<;
108
.
35-/4
35%
*33%
35
*108
5%
5%
Alkali
preferred———
7%
•
•
'
5%
'..No
Mathiesoh
May Department Stores——10
4,300
'
54
Jan
122
138% Nov ■ 8
37% Jun 28
30% July 15
4 15-A Dec 31
Jan 27
Jan
2
Jan
5
Jan
2
Dec
9
Jan
5
May 1
22
1
Co—
1,100
175
••
53%
V
.
Elec
1
5
4,100-
22-4'
21%
53-4
53
"
*172
175
♦170
54-/2
54%
"21%
21%
•:
175
*170
175
*170
175
*170
21%
21'4
21%
21%
21%
21%
*170
14-/4 Jan
25
400-
4,700
38%;
par
1'%
Marine Midland Corp
3%
Market St Ry 6% prior pfd__.j_.100 44
9
Marshall Fields Co
—No par
4
97/b
Martin (Glenn L) Co
1
14%
Martin-Parry Corp*
-—.No par.
3%
Masonite Corp,
.......No.' par K 31%
2,010-
5 % '*•' •'
5%
27-4
'.
No
Bros
600;
•
17-41
38%
:V
-
27%
%r
14%"
17%
38%"
*27-4
'
13%
<
315
Nov 29
3% Jan
2
6-/4 Jan
\
-
19-4-
i %::>14'z;
'
:•
-
Nov 17
Maudel
'
~
•5%;.x
5%
•i*38%
28
500;
*2%
'
17-4
17
17%
Jan
100
17-4
14
•14%
10
11
6%
14%
/
Garden—JVo par 4
6%
2%
%•«">•'
2% tr 2%? "•
13%
-
k
Madison Square
*18%
19
'
V
......No par
-
7%
7%
'
5'%
28
.
Co Inc
*10%
*19
27%
38%
:
.
Macy (R H)
:
315
♦285
1%
7%
*10>/2
38%
5%
5 Va
No par
\
'
11
'
28
Mack Trucks Inc..
July 22
28
Janr
2
19% Jan
2
133
500'
16%
6%
•2%
6-/2
*16-/8
_•——100
2,000
14%.
315
*285
315
•
*14
.^16/44/20% ijati'/.8:
Forbes...
&
preferred—--.
2,200'
28%'
28-4
2?/8
19
*18%
•2%
*13-/2
*38-/2
'
35-/8
16
■
"16
7%
19
19%
,
'
6%
;
14-4'
*13%
16-/4 "
*10-/a
11
2%
2%
'■
,14%
4
*285
:
8%
*10%
*18%
/
19%
*2%
10%
7%
10%
8%
11
28%
29
16%
•
'8
*10%
28%
.■>'■•35
'
•
MacAndrews
10 0 0
'
'
*
34%
138
*133%
x
"'34%
35-4
35-4
%• 34%
138
26-4'
•' 26-/4
:
*133%
138
*133%
138
*133%
138
*26
28
*27
27
'
7
Mar 29
29% Mar
7
Jun
3
2
Sep
77
Jun
25
50
Jan
63
Feb
23% Jun
26
11%
Jan
17
Dec
22
49
79% Sep
May
69%
•
Jan
4
108%
Sep
11% July 19
4%
Jan
6%
Nov
30-%
Jun
39%
Feb
117
44
Aug
Feb
27
113
Dec
;f.
N
;
i
M
-8
12%
12-/8
*30
30%
30
14
14%
14%
9
9%
V.- : 9%
i
12%
12%
12-4
30
30%
30
30
14%
14%
14%
9%
30
'
%
12'4
12%
12%
*%
9%
9%
/
%
,
.!
14-4"
4 9%
:
■
■
*10%
11
11-/8
11-/8
11-/8
no %
10%
10%
10%
10%
10%
10%
21%
21%
21-/8
21%
21%
21%
*167
171
*167
19
*18
19
*18
1,900
National
Aviation
21%
8,700
National
Biscuit Co
171
*167
*18%
19
9 Va
19
8%
8%
8%
28%
28%
28%
29 r v
12%
12 Va v
3/
12%
12%
12%
12% 4 4 *12%
29
*18%'
8%
.
19
29
29%'
4
170
28%
.
4/4
8%
8%
8%
*168
•44 12%"
12%
9
.4
Nat
4/
6,500
National Can Corp-
'
2.100
Nat Cash Register
12%'
12%:-
20%
12-/8
12-4
20%
*12%
20 %:
;
14%
*11%
12-4
31%
31%
31 Va
26%
9%
-
144
144
■
167%
*143 r 144 >,'
19-4 '-•
•
•
49 -
-•19%
a
9%
4
.87-4
30%
6%
6%
4 60%
607/a
19
60-4 460%
60%
*30
;''-":6%
59%'
6-/4
60%
:
"'•■12% f:
26
26%
82
-•''•"12% "12%"
26
*84%
.
26-4;'
82-4
82%
4 -26
83-4
85-4
85%:
"12'%
83
85%
85-4
;i2%
12-/8
49%'"
•':4.19-4
4
19%
166-4 166'%
*140"' 143 •••'
19 4'
.'44" 30.4
19
4
26
26
82%
82%
85%
.12%
4-<-
83%
6-4
-4446%^
•
60%
30 4
"6 %
4--V 60 %/ 60-/4
44- 12'% "12%/,
-
26
82%
-
;
4i2%';
26
84 - x
*85
85%
•
"/;■'/ 26%,'
26-/4
6%
6-4
9%
'••"
9%
6
15
6
:'
9%
*9%
15
*14 Va
5%
:
15%
6 '
6
240
*5%
57/a
600
10-/8
9%
15
9%
15-4
9%
15
9%
14%
15
24%
*23%
24-4
*23%
24%
*98
98%
*96
98%
*96
98%
96%
96%
*56
58
*56-/a
58
*56%
58
58
*108%
110
*108 Va
110
30
•
17%
13%
13%
:
99
*97
For
*108
14%
14%
2,900
*23%
24%
*23Va
24%
100
*96
98%
*96
98%
10
*56%
59
*57
,58
110
1
14%
*108
.60,
footnotes
110
30%
29%
30
29%
30
29%
17-4
17%
17-4
17%
16%
17%
16%
17
13%
13%
13%
13%
13%
13%
13%
13%
99
99
*97
see
-
*108
110
"
9lA Mar
Jan
Jan
Jan
Jan
231.
100
100
100
*98
'•
99%
V
conv
4
Jan 11
106% Mar 31
3,400
Newmont Mining Corp—-—
18
7,400
Newport Industries—*—
13%
13%
4,100
99%
900
Newport News Ship & Dry Dock.—1
$5 conv preferred
-No par
2
10% Jan 12
12
Dec 14
94% Nov 8
26% Jan
...
Oct
Nov
Oct
Jan
6%
May
May
May
16%
Oct
166%
Jan
12%
Apr
16%
Dec
3%
7
Apr
5%
Jan
5%
Nov
13
140
14,
24
10% Sep
9
29% Dec 20
11
13% Aug 23
5% Nov
8% Dec
9%
Jan
14% May 10
12%
Apr
20
4%
Jan
15% Sep
12
Dec
Dec
17
17%
90% Nov
3%
150
Jun
May 27
36
Jan.
7% Jun
80% Jun
Jan
72
Apr..
May
146
Jan
Jan
Jan
13 V*
4
Dec
17% Mar
29 %
.
Apr ;
Apr
36
1'%
7
z
3%
43% May
4
'•
May
9%
54
Jun
Nov
Jan
Oct
1
6%
Jan
16%
Feb
45% May
,
2
63
Feb
51
May
70
Feb
4
Oct
9%
Feb
9'/a
Dec
2
7% May
8
jlO % Apr •
5
47/s
«
2% Mar
•:. 19% July 14
Mar
168
Mar
Jwii
88
Dec
16%
145
64% July 14
28% Jun,
Sep
6%
129
*15% May 28
Nov
Nov
Apr
ll'/s
28
22
9%
26
18
'
60
3
10
178'% July 13
2OV2 Dec
Dec
15% Aug
7% Nov
Apr
14-/4 Mar
29% Sep:30
4
11% Jun
Dec
9%
8% May
3
36
Oct
20
~6% ~Se~p
21% July 23
,
7
19%
3
July 16
Sep
21% Jun
15
12
4
37
-10
—1
30
17%
*98
23
14
160
137
14%
74% Jan
serial preferred_i_100
Newberry Co (J J) ——
No par
5% preferred series A
2,
100
4%%
29%'
29%
13% July,
14
-
8
176
16
'
page
'
100
"
110
*108%
29%
30%
17%
6,200
7
Jan 2
Jan 13
Jan 6
Jan 13
27
Nov 17
2% Jan 2
52
Jan 5
5% Jan 2
$2 conv preferred———*—40
14% Jan 4
5 % Vo
prior preferred
—100
4 57
Jan 5
6% "prior preferred———100 4
62
Jan 2
National Tea Co—
——No par
2% Jan 2
Natoma's Co__-—1——No par
6
Jan 5
Nehi Corp
;
——No par
9% Jan 7
Neisner Bros Inc—.———
1
16
Jan 4
.--10
7%
'
'
*23%
v
9%
preferred—
National Lead Co———
960
86%
9%
5%
$4.50 conv
1,800
84
7
2
Jan
x25'A
17%
1 4
6
No par
70-A
preferred A—2
—100
130
6% preferred B——
—100 ,
1,300 A Nat Malt & Sv'l Cast Co——No par
200
National Oil Products Co
4 s
National Power & Lt—2—No par
10,800
National Steel Corp
^.2
—25
3,400
National Supply (The) Pa—-—10
5,200
"
23%
23%
:'
*5%
*9%
:•'
6
"
10
—No par
& Stamping—'—No par 4
National Gypsum Co__
210
83%
4
preferred
Products
7 Nat Enam
8,500
'
••
6%
3,500
86
4
86*
3
3% July
29%
•16% May
13% May
12% July 14
No par 4/4 16% Nov 12
10
5% Jan 5
No par
18% Jan 4
Nat Distillers
80
'
•12%
26
85%
600
9%
J / 88%
30-/2
:
900
100
:
6-4
60-4
:
:
12%
4.
9,600
-4"'
143 t
'30
4
30.%
14
1,100
11%
162
.-100
Feb
Jan
Jan
1
11-/4 July
Container—.Lu...——1
10% Nov 9
National Cylinder Gas Co
1 9% Jan ^
Nat Dairy Products
1—No par
14% Jan 2
National Dept Stores—
-No par •>;-. 6% Jan 13
5,900
31%
"31 4'
4*18% 418%
-19-4'
-
27-/4'
9%"
*1414
11%/
20%'
*26 4 427%
-•*•
19-4 419%
166"--'
166/
V
'
60%
13%
■4 4' 11%
31%
/4
143 IV 143%
19%
■< 30%
/>
20
.
•
*87% 488%
167 :•../•
167
20%
13%
.
4'-: 26%
4 4'9%
r
9%
87%
19%
19%
168 "
19%
'6%
6'4
■
'•27%
'
.12 -/4
x31%
*26%
•«.144 ir' 144
•
;;31-4'
*30
31-4
,!6%"
19%
168
167
*11%
r
"20% '
13%
'14 V/,;
14
10
87%
20%
31% / 31%
11%
12Va
•"12-/8
20%
•
*11% /12 %
27%
Z 87%
"
19%
19-/8
"168
;;
f-:
12%
9%
90
19%
168
*29%
9%
12-4
20%
32
27"
•v
10
*87%
9%
*87% / 90
*18%
26%
12
14
*11%
32-/8
2G%
*26%
": "6%
14
14-4
14-4
32
12 Va
20%
-
20%
12-4
*14 %
*11%
419%
12
20%
•
Jan
Deo
3% Jan
7
29
19% Apr
National
800
•
■
preferred——
Bond & Share Corp
7%
•%
5-%
8-/4
8%
15%
I
11
15% Jun
40% Apr
2
2
4
2
6% Jan
23-/4 Jan
13
Dec
5
——*—10
1% Feb
% Nov 29
<
Corp—..
11
28%
■
11 Va
10%
21%
12%
*12%
-11%
21%
171
*18%
19
*18
/•
'
9-8
—No par
—.5
Louis.—100
L:
1
2,900
Nat Automotive Fibres Inc.—-—1
2,200
:
10
1,300 '•--/••>'6% conv preferred
4
10-4
8%
■
9%
Corp
Nashville Chatt & St.
National Acme Co
21%
28%
8%
14-/4
Liquidating Co
Nash-Kelvinator
22,900
540
30%
14%
HVs
11
12%'
29%
•/:
Nabco
700
44 10-4
11
29
8%
*28%
"■
9-/a ,'49-4"
;••'::•'
21%
*167
171
*167
171
...
12
14-4
14%
11%
21%
11-4
11
30
%
//
12-/8
4 *29%
9%
%
■:
11*%
14%
1
%
.
-
Oct
5% Mar
II
Jan
:
.
17
Dec
25% Oct
1
98% Nov
10
70% May
75%
Sep
17
28
Apr
39%
Dec
5
104
Mar
110%
Dec
30%
Feb
57% Sep
114
Aug
22-%
Apr
25
7-/4
Apr
11r
21% Mar 30
15%
Dec
257*
Jan
6
93%
Dec
109%
Jan
37% Apr
8
19-/2 Oct
102
May
Jan
Monday, January 17, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
■■
228
RECORD
NEW YORK STOCK
Range for Previous
STOCKS
AND HIGH SALE PRICES
Wednesday
Tuesday
LOW
Saturday
Monday
.
t per
16%
16'A
$ per
share
37
38 ?■• V /,
16%
16%
16%
22%
21%
21%
68%
70
16
.
21%
21%
21%
22%
22
66
66 %
66 %
69%
24 %
24 V2
24%
24%
*30 Ve
130'/a
*
130%
*30 Va
33%
*30 Va
32%
35%
15%
*53%
52%
8%
8%
101
'
*39
8%
13%
13%
113%
'•>.113%
18%
*18Va
*39
40
39
<
/
4%
4%
40'A
*39%
13%
13%
13%
13%
13%
>
"r-
18
18
*39
40',
18%
410 -i
Y 39% r,
*39
5%
*5
5
5
18- r'O
y :
39%
40%
13%
13%
13%
*13%
18%
18%
18%
18%
18%
17%
46%
46
46%
45%
9%
45%
9%
105
45%:
9%
>104
*8%
19%
'./•'
>
30
1,900
5%
40%
40%
■
40%
40%
40%.
15,600
14%
113%
'
/•
60
.
\
x3% Jan 14
Air Lines
.
6
11% Jan
13
51
Jan
'
Feb
15%
Jan
May
6%
Dec
Apr
16%
Dec
60%. Dec
May
109
23%
Dec
54
%
Jan
19
(
8
Apr
39
4
192
Mar
,
Sep
v
11% Nov
/
52%
Apr
•'
Jan
53
Dec
14
Apr
9%
8
85%
2
4%
6
100 v
7
8 /•;■>> 8
31%
18
Jan
-
116%
6% Mar
39
Dec
*
Mar
108
Jan
23 %
;
Oct
30%
Apr
143
Feb
Jan
\L
Jun
15%
v
Feb
110
80
96
8%
Jan
17%
:
Apr
Mar
3%
•
Jan
20
Dec
38
Apr ■:
1
Nov
110% Sep
-Apr
•
41% Aug
6 July 22
45
Apr 7
14% Oct 28
_
8% Jan
'
Dec
101
' 18% May
116% July
23% July
Jan 15
31
—
-
-
600
13%
13%
>
pfd_No par
No par
Northwestern Telegraph50
Norwalk Tire & Rubber
No par
Preferred
50
Norwich Pharmacal Co
.—2.50
'
. 56% Jun
' 56 Jun
14% Apr
5
5
Nov 29
Jan
6
Jan 2
Jan 2
15% Jan 19
36
Jan 6
8
91%
.
7%
107
Feb
Dec
12%
■
1
Nov
Oct
17%
4
Dec 18
1% Mar 3
; 26% May 7
38
July 9
192% July 14
54
Feb
12%
10%
5
122
Nov 4
7r18% July 21
48"% Jan
Northern States Pow $5
Northwest
132
32%
11% Jun
35
May 22
13
Dec 21
32% Dec 14
132
Dec 20
Nov 30.
Jan 5
Jan 2
49% Jan
1
—50
100
Northern Central Ry Co
Jan
23% May
6% Jun
:
26
6
4
113 > Jan
9% Jan
■
-
50
—50
Aviation
Northern Pacific Ry
13%
,r
preferred series
preferred series-
North American
10
-
10,
5%%
■
6,600
113%
13%
113%
39%
4%
40%
/. 7
13%
101
*100%
•
6%
-
> 300
pfdj——100 >
rAdjust 4% non-cum
North American Co—
Jan
Highest
S per share
t per share
44 % May 29
20
May 5
26% July 23
74% July 24
Jan 22
101
& West Ry Co_
Y Lack
v
400
;
8%r
8%
'
23,700
52%
*52
101
113%
•18%
18 Va
i
s-
4%
>39%
8%
'
*39
4%
52%
14
300
7/ 16 >■
53%
>53%
:
53%
8%
600
560 >
'
16%
16%
'
v
f.
122
-
2,600
?
186
Co
•
100
28%
<N Y Ontario & Western,
100
ft
N Y Shipbidg Corp part stk
1: 12%
Noblitt-Sparks Industries———5
23
Norfolk & Western Ry——-—100
162%
200
!•;
,—JVo par
No par
—50
preferred—.—50
10% non-cum
;
N
640
,
35%
35%
185%
*120Vi
*100Va
113%'
113%
113%,
14%
>
52%
101
;
Co
preferred
& Harlem RR
N Y
10
V
.Highest
t per share
27 % Jan 2
10% Jan 12
11 i Jan 27
31% Jan 27
14% Jan 5
; 6% Jan
4
16% Jan
2
63 % Jan
7
No par
—No par
Brake
York Dock
$5 non-cum
1% (•
1%
14%
//
53%
&>'
8%
13 Va
18%
39
Vs
18
;
'
14%
13%
40%
4%
*39
52%
101
113%
18%
40
"
:
'
53%
.
122
16
53%
8%
-
•
fv,
185
185
*120%
16%
*53%
V
101
100 Va
;
*52
>1
52%
8%
*
101
*100%
•:
*18Va
53 Va
:
122 "
15%
16 Ve
8%
8%
;
113%
*113%
121
*52
186 %
186
*120%
130
V 53%
.
35%
35%
35%
35%
,
•
v
14
13%
%
35%
•
Lowest
Lowest
t per share
100
6% preferred series A—
-100
Y City Omnibus Corp—No par
New
V;
13
14%
53 Va
53%
52%
*100
*i9o
*14%
•
16%
.
•%
15%
53%
53
14%
186%
N
•*>123
53
53%
;•
Year 1942
Range for Year 1943
,
Par
Central
York
New
21,000
1,200
•;
;
v
-
N Y Chic & St. Louis
33%
>*125
•
*%
16%
52%
16%
*123
14%
121
52%
*53
33
%
186
121%
71%
*12
•
130%;.,
14%
*34%
■
*120%
121%
*30%
*127
New York Air
37,000
vv
4,600
24%
*30%
•
13 J "
*%
186%
186
•i
24%
14%
14%
14%
35%
36
186
70
24%
70%
•
*12
33%
53
■
14%
14%
36
67%
'
%;••
%
%
186
*120'/a
53%
53
53%
•r/.
*%
7 /
21%
21%
-
*123
53%
53
•
16% i
22%
24%
131%
*128
~
16%
■
13
*30 Va
1
131%
*123
*123.
53%
33%
*128
131%
*128
123
13
*37%-
16%
24%
*24%
*11%
*11
13
*12%
13
*11
37'/a
16
21
;
400
37%
*37
38%
*37
(591/2 -71%
24%
24%
r
Shares
per share
t
t per share
snare
16%
*36'A
37%
4 per
;
■'.••>EXCHANGE
the Week
Jan. 14
Jan. 13
r
37
share
t per
share
*36%
Jan.J %
Jan.Jt
Jan.10
Jan. 8
STOCK
NEW YORK
for
Sales
Friday
Thursday
Dec
34
Oct
10%
Jan
Apr
12%
Dec
Jan
30%
Dec
Jan
6%
Jan
Feb
7%
6%
:
Sep
O
18%
18%
18%
47
47
46%
104
105
64
*64
.
57%
*150%
*151
153
*34
37%
*64%
66
57%
57%
65
♦64
20
20
20%
153
37%
37V8
•'
9%
*8%
>'■>150%
'57%
57%
,
104
'
9%
20
,
>38 >.
66 -f
*35
58%
'
20%
<
104%.
*8%
•*150%, 153
64
.
58
104
9%
0
;
19%
38
*35
%
*8
9%
19%
20 %
151% 151 %
*8%
10%,
9%
>10%
V J05%
10
10%
9%
104%
.
58
*34
64%
57%
1
11%
*11%
;:>
9%
■■>
46%
*45
>--v
16
*12%
48
22%
21%
20%
16-:
*12%
9%
9%
46%
46%
20%
21
21%
22%
*12%
16
*12%
16
*12%
30%
30%
42%
42 %
26%
26%
26%'
30%
30%
30%
30%
41%
42
42%
42%
42%
42%
42%
26
26%
26%
26%
26%
121
121%
121%
*119%
122
149
149
149
•149
150
25%
*117
119
*117%
119
119
*148
149
*148 y 149
149
25%
*25%
*42
*
■
»
3%
4%
4%
4%
4%
4%
4%
4%
4%
4%
13%
13%
13%
13%
13%
13%
13%
13%
13%
13%
3%
3 vo
3%
3%
3%
3%
31%
31%
31%
31%
32%
"
3%
32%
„
10
*9Va
10
110
109%
*2%
3
*2%
C *62%
X, 24%
24%
63
63
,•
1%
l5/e
;1%
30%
30%
1%
30%
6
5%
6
5%
•
>
5%
18%
*54%.
55%
55
55,
95
95%
<
96%
.
v
14%
14%
10%
> 10%
*2%'
>
2%
26%
27
26%
22%
22%
'22%
56%
56%
56%
56%
5%
6%
6%
41
26%
%
8%
8%
21%
21%
22
49%
49%
49%
90
90
21%
21%
90
21%
>
21%
24 V*
24'%
24%
26%
.
49%
50
49%
50
49%
50
91
91
91
92
91%
93%
20%
21
20%
20%
20%
20%
8,IV)
21%
24
24
27%
115
*113%
115
114
12%
841/0
114
13
11
11
*100%
>
*102%
100%
46
11%
*11
148 Si
146 Si
24%
5%
64%
7%
7%
7%
"7%
5%
64%
|
5%
'
69
*69
70
13
69
*12%
5%
*12%
13
12%
62%
7%
;;
115
*112%
115
101
24%
*
,
*12%
12%
12%
■
177
*170
*183 %
185'A
*170
177
*170
*183'A
185%
*183%
185%
*183%
4%
5%
4%
177
*170
177
185%
*170
*183%
186 '"
"
9%
99
54%
59 %
62%
63
62%
11%
11% *
»
; 58%
•
176
*105
8%
9
98
57
59%
64
95
97%
61%
j
94%
*11%
i
99
8%
8%
8%
5 ;v..
5
5
4%
62%
62% >
ll7/a /,
11%
12 y8
V:
8%
;
8%
4%
8Va
4%
8 Va
95
95
57
55%
56%
*60%
1:
62%
62
62
11%
11%
11%
13%
*91%
55
i:
>169
*168%
5
100
*169
"9%
87
83
85
*85%
87%
*86
87%
*73
7.6
74
74
74%
74%
74
74%
18%
18%
18%
18%
9%
9%
9%
*9%
18%
*18%
18 3 8
19 %
*19
19%
*9%
9%
*9
93,a
11%
11%
18%
*19
9%
19%
*19
9%
9
~9 % •'
19% A
186
"
5
5
■
11 %
11%
12
12
12
12
*11%
*35%
37
35%
35%
56%
56%
56%
56%
119%
120
13%
13%
13%
89%
119%
13%,
90
*35%
57
*119
13%
11%
*11
18%
'19
18%
19%/
36
36
57
57
57%
120
"
13%
89%
89%
99%
100 %
99%
100'/2
101
105
105'%
105%
105%
105%
113%
113%
113%
114
113%
114%
117%
117'%
*116%
117%
116%
116%
37%
37%
37%
38%
37%
38%
13%
101%
105 %
120
"
For
footnote's
see
page
90 Va
231,
91%
91
101 %
120
13%
91%
101%
Pittsburgh Steel Co
IIV2
11%
*11%
T2%
35%
35%
*34%
/57!A
*119
/120
13%/ 13%
56%
57
*119
13%
35%r
57%
';
><"
5,600
loo
•
y
400
2,800
{
40
13%
12,600
120
/
91%
92 »A
1,830
xlCC %
101%
100%
101 %
1,570
105%'
780
91
-91%
105%
105%
114%
105%
114%
105
114%
114%
114%
830
116%
117
117
117%
117'A
100
38%
8,000
116%
38
38%
/37%
38%
38
23% Jan
33
19
7%
Jun
Dec
14312
Apr
27%
42
Jun
48
43%
Apr
57%
Dec
Apr
8
18
xl67/a
2
y
Sep
Dec
Mar
-—25
50
Pullman Inc
16
Oct
7
Jan
21
Nov
24% Nov
15%
Apr
22'A
34
Jan
> 19
74
Apr
101
Jan
Oct
11
121
Apr
148%
Nov
160
-
No par
No par
100
—100
100
No par
No par
Apr
11% Oct
7
6%
Dec
Apr
101
4
106
2
9
9
9
6
6
18
27
Jan 18
2
90
Apr
Oct
1 Va
Jan
19%
Apr
May
Jan
29%
Oct
Apr
60
Dec
82
Dec
1
1%
18
24% Sep
May
108 Va
Feb
Jan
25%
Nov
■
23%
Jan
;
47%
Dec
20
18%
16% July
61% July 14
/ 36
Apr
%
7% Sep '27
16 Va May 18
V
Oct
30
Dec
7% Jan
51% Feb
Jun
4
58% May 20
36
Apr
41% May 20
18
May
29%
Jan
.26% May
19'A
Jun
27%
Jan
6 \a
Dec
6
Jan
8
July 19
4
Apr
28
5
Mar
29% Mar 29
22
Dec
32%
Jan
28%
Apr
40 Va
Jan
49
Apr
76%
Jan
X14%
Dec
10 Va
V
8'A Jun
-
x51% Sep
30
91% Sep 30
' Dec 23
:
:
-
22
25% Sep 23
26% Jim
>7%
1
90 % Jun
3
113
July 30
■,
Apr
103
Jun
Dec
79
':."•
May
4
117% Jun
Jun
65%
> 98-
107% Mar
Nov
110
•
July
1
July
3
65
10% Dec
26
24
30
146 Si Dec
31
43
50
26
Apr
May
15%
7
Jan
1%
7
7%
3
7% May 20
9
4
4
27
,
Apr
7
Jan
Oct
Dec
3%
Feb
65
May
Dec
Nov
Jan
19%
Oct
May
"4%
Sep
26%
38%
165
10% Nov
165 Vv
Feb
165
May
6% Jun
3%
7
Feb
Feb
175
5'A
•
May
47 Va Apr
Jan
6%
Dec
4
10 % May 11
Jan
68
Apr1-
3
Jan
;•/
Dec
Aug 31
Oct
6'A
Apr
4% July
Mar 30
168'A Nov
182
-
80
46
:
May
8
15% May
102
9
6% May '
14
100
56%
Jan 13
58 Dec 8
» 7% Jan 2
150% Jan 4
1% Jan 8
29 Jan 30
20 Jan 28
14% Jan 2
18 Jan 18
4 Jan 7
6% Jan 6
1
6% Jan 14
24% Jan 4
48'A Jan 4
114% Apr 7
11% Jan 6
75'A Jan 20
85% Jan 2
96% Jan 4
108ye Nov 30
113% Nov 18
26% Jan 2
2%
Jan
15% Mar
59% July 23
4% Jan 13
59% Jan 5
• -
Aug
May
5
5
Jan
15
11
104
Dec
32% Apr
77% Jun
4
Jan
Jun
68% Dec
3
Sep
Jan
j
32
29
8
6
9
4
Jan
2
44
Apr
IVa
14
Jan 25
Jan 14
Jan
Nov
56% May
17% Mar 26
113
1%
8
9% Oct
Jun
17 Va Mar
ft Mar
3% Mar 26
45
Dec
29%
13%
.
20
20% July
Oct
Jan
2% Jan
44
4
>
17%
17
;•
13% Aug
6
100 Ve Sep
Oct
Dec
8
59
9ya Feb
Dec
2%
Nov
14%
6% May 22
.
106 V2
>
101
11%
July 10
60% Mar
,
Jan
38
17
29
,
•
8%
Apr
20%
2% Apr
8
32
May 20
19% May 22
30
72% Dec
,1
Oct
Dec
Mar
4
July
Oct
27
Jan
July 12
45% Dec
Nov
4
W
Sep
1
113% July 26
170
No par
No par
100
7
11%
Oct'
ms
Jan
43% July
168% Nov
10Q
100
No par
?-■
Jan
1%
5
Jan
5
—..1
1
1% Mar
5Va
8
6% May 10
17% July 15
,3% Feb
.34% Jan
—100
;_100
No par
No par
Nov
Apr
13%
9
28% May 24
4
102
—100
5
50
20
18% Jan
25
Oct
Apr
45% July 20
7% Feb 17/
79'A Jan 5
42% Nov 9
> 3% Jan 16
preferred class B——100
Pressed Steel Car Co Inc.
5% conv 1st preferred
5% conv 2d preferred
Procter & Gamble
5% pfd (ser of,Feb 1 *29)
Pub Serv Corp of N J
$5 preferred
*
6% preferred
7% preferred—
8% preferred
,,
Pub Ser El & Gas pfd $5
July 23
119% Sep
',104% Nov 29
109'A Jan
7
70,
Oct
/Apr
25%
31% Dec 20
24 >/« Oct 28
13% Jan 14
71
Feb 20
..100
Jan
tl 6%
9'A
23
No par
—100
No par
5
8%
Apr
4'A
16
16% Jan
y;
y
'
6% Mar
6
29
25% May 20
5
4
2
25
28
2
4
2
20
16
2
2
17% Feb
46% Jan
; 1% Feb
A. 28'/a Jan
5l/a Jan
34Ve Feb
19 Jan
'
.
12%
55
Mar 15
10
No par
6% preferred class A_
100
62
;r : >
460
" 5JA % 1st ser conv pr pfd
100
*60'/a
14%
7,^00 : Pittsburgh & West Va—*„—100
13%
—1-A .,%•
*169
-i—• V Pitts Young & Ash Ry 7% pfd—100
1,100
Pittston Co. (The)—
l
9%
86 'A y86?A"!iJi 3 ;
280 • v Class A preferred————100
*74
'75
60
r •
Class B preferred
—100
18%, ■ 18%:800
Plymouth Oil CO—
**.
5
*19
<19V4?'//; ;
Pond Creek Pocahontas
No par
9%'nl9%>r:»a
500
Poor & Co class B—
No par
114%
•
Bolt
Pitts Screw &
105%
•
;
6,980
58%
*11%
11%
36%
preferred.,
3,100
770
100
56%
4%
17%
Mar
Apr
13'A Apr
23% Jan 5
14% Jan 13
; -
-
9 V4
12%
*7%
4,300
f-'
8%
8%
*96
preferred
Pitts Ft Wayne & Chic Ry
———/
-
•
—
preferred
$5 conv
—
7
-
Pittsburgh Forglngs Co
-
177
*183%
"
11%
11%
*11%
*118%
*19
9%
:•
•
Preferred
6%
2%
Jan
11% Mar
132
July
79
Jan
Sep 15
13% July
2
5
23'A Jan
.
*169
9%
*85%
*170
177
*
Pitts Coke & Iron Corp_
400
12%
^
Pittsburgh Coal of Pa
1,100
2,700
i
7% Jan
6% Jan
,
108'A Jun 18
series——.100
Flour Mills
Pitts C C & St Louis Ry Co
•>/•■ 1,500
:
'A f 90
70
*69
/•'•• 12%
12%
4JA%
preferred—*
Pillsbury
...
7%
*7%
7%
70
*69
70
300
62%
62
62
.
>
53/a*
*5%
5%
5%
7%
>":■
64
No par
Corp--—-——.—*—3
Phillips Petroleum—
Phcenix Hosiery
600
■
70
■
12%
1%
480
120
12
preference com——
Preferred
12,800
24%
*24
*102%
120
61
;
77
Co. com—;
Phillips Jones Corp
-
102 %
7%
$1
10
146%
146%
v
67% Oct
12
22
12
22
2
7
A 16 Jan 7
1% Jan 5
' 16% Nov 8
y.
515A Dec 11
■':>> 80 Jan 11
13 Nov 8
/
3JAJan 6
; *
1% Jan 6.
33'A Jan 4
.
13% Jan 6
Philip Morris & Co Ltd—
10
Preferred 4lA% series——100
50
A?///:-
10% >7
10Va
10 V2
146%
24%
22
18% Aug 23
Philco
300
,
45%
45%
;45%
'
•
;
,
Jan
No par
Phila Electric
1,100
70.:
r¬
i
101
*99
V
;■
is
*11%
12%
-
$6
•
/
107 "
10%
5%
62%
>
64%
7% ? 7%
70
70
*106%
146%
/
120
;
38
preferred—..—..—No par
—
Phelps-Dodge
Corp
Philadelphia Co 6% preferred
3,400
30,700
v
107%
45
10%
24%
*102'A
84'A
*12'A
146%
24%
120
*102%
65%;
64
*10%
'-7
24%
84%
1,460
85
*99
46%
?>
27%
>*113%
12%
101
146%
.
24 Va
27 Va
107%
107%
115
24'A
27%
*83%
84 %
24
146%
24
5%
5%
5%
63 %
45%
11%
146%
120
*102%
12%
*99
46%
:
*11
146%
*23%
120
*114
13
100%
23%
146 Si
107%
*12%
4G%
45%
24 V8
28%
85
/"A >/
15
54% Jan
Petroleum Corp of America
5
Pfeiffer Brewing Co___——.No par
'
13,100
-
27 Va
%>
24%
*12%
46%
•;;>
28%
*113%
101%
w,
7
Jan
Feb 20
6'A Jan 4
5 Vs Jan 12
20
Nov 30
37
Jan 4
68'A Jan 2
Pet Milk Co
.
460
.
107%
46%
3,600
22 »A-
107%
*100%
8%
21%
108%
-
8'A
'
400
13,900:
21%
*107%
•
f;:
8'A' '
•7: 9
8 %
21%
109
12%
9
"
22%
*107%
101
r-:
9
•';.,"
26%
26%
V'i>
27
5,500
21%
90%
85
/>
84
84
;.v
8% ^
24%
27%
84%
8
27%
24%
26%
84%
:
::.V21,vC;
26'/a
40%
v;
8,300
5,200.
•
49%
90
-
60
41
22%
49%
49%
59
40
9
9%
->>•
»
14'A'
14
.59%
*26%
9%
8%
21%
.
38
9,600
»59
9
2
46
Peoples Drug Stores Incj.
—5
Peoples G L & Coke (Chic)——100
Peoria :& Eastern Ry Co———100
Pepsi-Cola Co——
1
Pere Marquette Ry Co
100
; 5% prior preferred
—100
5% preferred
100
1,000
51%
50%
14%
12%
28
9%
8
8%
*26%
-
50%
'' v
6V0
6
2%
21% Jun
154
28% Jan
—*50
-Pennsylvania RR
>> 1,400
17
10% Jun
8
5
142
Parker Rust Proof Co
2.50
>'>35,600
Parmelee Transportation—No par
9,400 :
Patino Mines & Enterprises
10
v t
100 '
Penick & Ford—.—;
—No par
2,300•
Penney (J C) Co_-————No par
2,200
Penn-Central Airlines Corp.-——1
10,000
Penn Coal & Coke Corp
10
2,700v„
Penn-Dixie Cement
—No par
600
> A $7 conv pre! ser A
No par
C—
Penn Glass Sand Corp
"..No par
20
5% preferred
*-100
57%'T'
Dec
105
2
3% Jan
15% Jan
1,300
21%I'^>;> 16,600
'
6%
2,800
>
•
/>. 16,600
27%: ;
57%
6%
> 57
57%
39%
38
26%
9
'
*2r
:
50'A
12%
12%
57
40
9
8
12%
21%
*89
57
59%
'
'
:
21%
57
12%
17
>>.27%,
27%
21%
;•*.
41
*16
'
'
57%
58%
26 Vt
9
•
*111%
27
51%
39% '
17
2%'
*40
40%
21%
50%
:
>
57'A
52%
36%
26%
#■: *2%
21%
51%
12%
9
2%
40
6%
58%
9
10%
57%
.6%
11%
26%
26%
14 Ve
10%
27%
27
6%
55%
36%
95
14
10%
*15%
6%
11%
*35%
95
14%
22
.21%
„
■M:
27%
A-V 57
56
*55
96
•
*111%
51%
51
51%
51%
>10%
17
%
6
55%
*2%
39%
*15 Vg
67A
18%:
*55
:f
v
,.
.
10%
2%
*39 '/a
•
6 Vs-
>> 18%
55%
1,300
19.'
14%
14%
10%
*2%
■■■'.
,
1,300
95
96%
,
13%
I
13,000
297/a.
i
18%.
*55
*110%
267/8
27%
22%
96
'10%
17
50
•
1%
1%
19
6%
5%
18%
•
55%
*55
39%
*15%'
*110%J
,
112
C.112.
V
19,;.'
.
29%
19%
19%
5%
5%
1%
29%
1%
29%
19%
2%
■
39%
17
*15%
17
113
1%
30%
10%
*2%
41
*39%
40
*38
*15%
*112
*
'
2%
2%
1,800
.
.
60 y4
105
*103
■
14%
10%
v.
370:
1,200
105
24%
59%
18%
96%
14%
10%
24%
61
•V'
55%
96 ■
'
14%
10%
24%
60%
19%
*55
14%
24%
63
*18%
•
5%
i8%
Va
18%
18%
*104
24%
105
>> ■ 1%
..v X29%
1%
19%
11,300
,
49%
63
.
30%
19
18%
18%
18%
18%
18%
63%
30%
1%
30%
49
49%
4.9%
17,000
2%
2%
24%
24%
;
•
49%
>
110lA
110
3
2
Jan
Jan
91% Jan
147. Dec
3% Jan
9 Jan
Packard Motor Car——No par
2% Jan
Pan American Airways Corp
5 ;
23yaJan
Pan-Amer Petrol & Tiansp
5
7'A Jan
Panhandle East P L 5.60% pfd_100
105'A Jan
Panhandle Prod. «fe Ref
—1 >
2 Jan
Paraffine Cos Inc.
No par , 35% Jan
4% conv preferredA--,—100
100 Jan
Paramount Pictures Inc
1
15»A Jan
Park 61 Tilford Inc
1
17 Ms Jan
Park Utah Consolidated Mines—1
lJ/a Jan
Parke Davis & Co
-——No par
27% Jan
10
*9%
9%
109%
*2%
3
*102
105
*103
103%
103
24%
>;v- 63
64
*9%
109%
109%
48%,
'
49%
48
46 %
31
10
*9%
*109 V4
3
46%
24%
24%
32
110
46%
105
*103%
31'A
3
3
3
32
*Q Va
109%
45
3%
>109%
10
*9%
109%
4
31%
4,
■
32
:
150
*149
4%
14%
*13%
y
121%
120.%
4%
4%
95%
16
42%
30
41%
26
.
30%
30'/8
30%
30%
30%
Jan
69
Pacific Amer Fisheries Inc
—5
1,450
Pacific Coast Co——
10 \
140
1st preferred non-cum
No par
2,400
2nd preferred non-cunu— No par
Pacific Finance Corp (Cal)
10
6,500 : : Pacific Gas & Electric
25
1,200
Pacific Lighting Corp——No par
2,200
Pacific Mills
—No par r
80
Pacific Telep & Teleg——-—100 .
50
6% preferred--——————100
<
3,500
Pacific Tin Consol'd Corp—.:—1
700
Pacific Western Oil Corp
-——10
48%
20%
20%
10% Dec 31
300
10%
;>44%A
46%
*45
16
9%
10
10
10%
20%
20%
'
■
*12%
*
20
10
46%
47
10%
46%
10
9%
11%
11%
11%
*11%
11%
*11%
11%
11%
21% July 19
50% July 2
2
P
■
11%
6
3% Jan
-
'
11%
29% Jan
18
18%;:;v. 10,800
Ohio Oil Co
.No par
45% 46
2,100 ' Oliver Farm Equipment—No par
9% . 10%
40,700 • Omnibus Corp (The)
6
105%105% 105%:
400.
8% conv preferred A__——100
9%
- ' *8%
9%
'
—
Oppenheim Collins—-——No par
19%
19% 19%
4,100. Otis Elevator
———No par
152%
.*150% 152%.
10
6% preferred—100
37Va
*35
37
100
Outboard Marine & Mfg—
5
64%
*64% 66
20
Outlet Co—.
...No par
58
*57% 58%
1,600
Owens-Illinois Glass Co—12.50
18
45%
lO'/a
Jan
62
Oct
52% May 12
20
Jun
33Va
Jan
Mar 31
58
Jun :
70
Feb
90
July
8
'
24
75-
16% Mar 29
168
Nov
17
10% Dec
21
6 'A
153
10%
Jun
July
153
Jan
July
17
Dec
74% Dec
'
22
92
'•'
21% July 16
11%
5
1
15%
Jun
13% May 29
5%
.
14%
Jun
23% Apr
13
Jun
3 % May
Jun
18%
.
Jan
Oct
5% Jan
8%
Jan
8%
Jan
40% Jun
3
22 Va
Jun
29 %
Jan
58
Sep
17
42
Feb
52%
123
Feb
13
115
Feb
13
v
Jun
4
17% Apr
5
96% Oct
5
107% July 20
114% July 20
129 % July
122
15
6% July
Oct
Oct
Jun
14%
Jan
Mar
86%
Jan
73 % Mar
X99 %
Jan
79% Mar
111
Jan
Mar
123
Jan
116
28%
Nov
9%
62
99
Aug 18
111% Mar
1
20% July
40% July
122
Oct
Volume
COMMERCIAL & FINANCIAL CHRONICLE
THE
Number 4247
159
NEW YORK STOCK
Saturday
Jan.10
$ per
t per
$ per snare
S per share
share
STOCKS
Jan.13
Jan.12
t
share
$
share
per
-
16'/a
16%
16%
109%
•109
110
*109
110
109%
104%
>104%
104%
.104%
104%
>103
109%
104%
20
20%
20
20 %
13%
13%.
>13'A
13%
X
10%
„
20
16%
20
*13
13%
9% .10
9%
:
8'/a
8%
99 Va
•
*28
:
*
13%
16 '/a
27'A
6%<
*92
13%.
*26%
67/a
P6%
*92
V
110
57
•
58
*18%
187/a
15%
15%
15%
15%
*86'A
87%
87%
.88
71
71%
73
71
*12'/a
*18%
15%
9%
9%
9'/a
17%
17%
103
*100
*88
11%.YYY
8%
39
14%
65
.
9
29%
9'/a
29%
29%
*36
14'A
14%
14%
9%
9%
9'A
13%
*12%
13 %
14%
6%
6%
19
26%
26%
15
14%
15
31%
yy*4p
4%
7%
9'/a
44%
7%
7%
*38
110
/
*111
112
"111 %
46
46
22%
& 3
.'5
112
98
89
17
17%
3 -/;•
*14%
*2% •Y
4
4%
41
39'%
50
:
39
%
39
112
YY
*111
109%
*109
*21%
89%
17%
17%
•<*14%
14'/a
15
67%
66
67
14%
3%
12%
/
3~
/■$
32%
*24%
%
%
-
111%
260
•
i
17%
17%
3%'
*106
39
*111
*111
109
109%
21'%
21%
'
25 %
V
■
$4
Servel
Sharon
67
67
67
67
•'*
9%
*48%
50'%
*48%
24'%
25%
24'%
3%
•?>.
,
26%
3%
Y 3'%
Y
P
*25
;
1,500
Shell Union
2,400
2,5001
25
*24%
25%
25%
25%
v
11%
xl0%
10%
10%
•10%
11
40%
40%
39%
39%
3/000
17%
16%
17%
Y'v 17'%
17'%
17%
17%
17%
*22'%
23%
*22'%
23%
*22'%
23'%
*22'%
32
31%
31%
30%
30'%
26
26%
26%
26%
27
32
25%
:,
r
29
31%
32%
24
24
14
21%
21%
21%
21%
43%
43'%
43
/
43 :
*30
23%
'
23%
3,000
21%
22%
21'%
22
21%
21%
21%
22%
15,200
Southern
43%
43
42%
43%
43
44
31
56%
56%
%Y 4%
Y'Y-Y 5%
4%
4'%
5%
P*5%
56
4%
6
.
57
;.j
*52
26%
26%
*37'%
38'%
Y 59%
6%
58%
'
;Y"V 6%
*58
6%
;
7_
-
■
9,800
: :V-
*52
6
-Y.Y
57
30'%
5'%
Y *52%
57
30%
26%
26 P
26%
37'%
37% '
58%
*58
58%
6%
6%
30%
;
.
500
26'%
30%
26%
4,500
300
59
59
6%
v
6%
60
9,700
*53%
54%
53
53%
53
55
54'%
54%
54
54%
53
53%
630
*36%
37%
37%
37%
36%
37%
36%
36%
*36
37'%
36%
36%
1,000
*111%
111%
*111%
111%
111
*110%
110%
61%
61%
*61%
61%
63
62%
63
1,200
115
110
*
111 %
61%
114%
109%
109'%
*109
109%
109%
30%
30%
30
30%
Y
110%
110%
*109%
*109%
Y-
1
62%
111%
*112%
115
*112%
110
*109
110
*109
110
109%
30%
111
*109%
30%
//
38
33%
34
33%.
3
35%
34'%
42%
37%
38 %
33%
33'%
54'%
33%,
54%
♦40%'
41%
*2%
35%
40%
38%
33%
30%
111%
29%
109%
30
190
5,700
112%
*110
70
100
1
•:.:/'. 2%
42%
42%
37%
*110
13
3
41%
36
42
38%
30
112
35%
35%
42%
63
114
Y 37y8
36
42%
110%
62%
114
%
3
38
*35%
'\'
62
30%
.30
3
2%
3
3
111%
% /
IS
\i.
p/
114%
111 %
111'%
114
114
1
1
5,000
2%
2%
2%
■1,800
35
35
36% Dec
14.
43
4
115
112
;
—
YY
54%
54%
54
54%
40%
40%
40%
40%
7%
:
7%
29
29
A
7%
7'%
29
*28%
33%
54%
54%
41%
Y
41%
.
7%"
7%
29
*28'%
28%
65'%
7%
*28%
7'%
12
90% Dec
30
10% Jan
13
18% Sep
25
preferred
$6 cum prior preferred
$7 cum prior preferred
$4
33 %
33%
34
10,000
Standard Oil of Indiana
65%
65
*65'%
66
7
*28'%
7
7%
29
65%
12%
v
65%
12%
12%
12%
12%
12%"
12'%
12%
12%
10%
10%
10%
10%
10%
10%
10
16
16
16
16
16
16
y
*28'%
16
10%
IP
*15%
8%
8%
*151/2
-8%
8%
8%
8%
:
/
14%
14%.
14%
14%
14%
58%
14%
*58
58%.
58%
58%
58%
124%
*121
123%
5%
5%
5%
6%
18
123%
*121
5%
b
%
0%
8'%
7Va
29
100
18
*20%
31
*8%
27%
For
44,400
1,400
•121
'.f 123
0%
0'%
*121%
a%
6%
6%
8%
18%
18%
*17%
*75
9%
27%
27%
27%
27%
231.
2,500
15%
*8%
page
300
8%
58%
♦29%
27%
16
14'%
9
see
8%
58'%
31
footnotes
*15%
14'%
9
27%
10%
4,400
58%
6%
21%
14,500
10V4
14%
*30
9%
13%
10 '
58'%
18'%
76
12%
1,800
14%
6%
75%
12%
8%
64%
58'%
21%
74
64%
14%
/ "74
*20%
21%
74%
8%
65%
58'%
31
74%
8'%
18%
6%
6
18%
6%
*18
124
.
64%
Standard Oil of New Jersey-.
Deo
Jan
4
73% July 26
62
Dec
60
Jan
8% Jan
20
16% May
5
64% Jan
7
73% May
5% Jan
8
10% Jun
8
11
10% May 25
77
75
123
*122
5%
5%
6 %
6%
18
*18
*74'%
-75
123
5%
6%
50
7,500
10,600
18%
500
77
900
21%
Sun Oil Co
(The)..
—
21%
*20'%
21%
*29%
31
,*29%
31
200
Sutherland Paper Co
9
»8'%
9%
*8%
9
100
Sweets Co of Amer
27'%
27%
27'%
Swift & Co
(The)
35
Aug
18%
Dec
4%
Jan
t ll7/a May
17
20% Aug
27
Dec
•
Nov
Xl3'/a July 14
30%
19
39% July 16
Oct
Jan
19
Jan
25% Jun
10
15 Vi July
9
Apr
20%
2
15'/a
Nov
10 '/a Jan
2
15'A July 15
6% Mar
10%
Dec
1
2 % Jan
2
5
16% Jan
11
20% Jan
2
Jan
15
21% Jan
2
132
25
5
Apr
6
29% Dec
16
30% Sep
8
149'% July
25
2%
Jun
15%
Jan
26'A
Jan
6
122% Nov
144%
Jan
Apr
6
21 Va
Nov
11
l47/a Apr
9'A Apr
10
12 Va
Jan
18 Va
Nov
18%
Feb
5
39
5
34%
Jan
50% Mar
1%
Apr
lVa
Nov
2
30% May
30% Apr
5
5
49% May
66
2% Jan
3%
Feb
4
61
Nov
17
31
Dec
59
July
26
35
Dec
11
Apr
24
Nov
23% Nov
30
35% Mar 15
17%
21%
Dec
31%
32'A Jan
18
44'A July 24
30
Sep
37
Mar
Sep
20
49
Mar
60
Jan
8% Sep
22
60
Jan
May
5
Jan
2
2%
Sep
4%
Jan
35 % Jan
7
64
Sep
13
29%
Sep
45%
Jan
Jan
6
42
July 14
27%
Jun
38%
Jan
109
Jan
28
49
Jan
10
70
July 31
17
Nov 29
117
Aug 20
110
Dec
30
31% Dec
17
56
3
33
116% July 13
,
112% Nov
107
25
Sep
27
A Jan
2
No par
No par
No par
1% Jan
4
2% Mar 13
6% Mar 13
Jan
5
38% Dec 21
10'A Jan
5
44% Dec
28% Jan
8
40
9
3% Jan
P«c
Dec
47
Dec
45% May 26
25%
Apr
-40
Nov
12% Jan
58% Feb
9% May
5
31% Mar 31
66
May
1
14% Jun
7
14
July 12
2
23
22% Deo
34% Jan
42
62
5 Va
Apr
Jan
Dec
8Va Nov
3% Mar
4%
4
6% Nov
Jan
Sep 29
15% Dec
2
Jan
Apr
7
31
63% Mar 30
Apr
13%
Ozt
30%
20
130
4% Nov 30
Oct
Jan
Sep 21
May
10% May
5% Jan
2%
11'/a
29%
xl7
48'/a Jan
% Apr
6% May
29
4
122
%
Apr
37y8 Jan
4'A Jan
Jan
Sep
Apr
25
2
Jan
Mar
60
Jan
110
A
Jan
38% July 14
2
25
89% May
Feb
49%
6
46% Jan
58% July 30
7% Jan 12
114
113
18
12
5% Nov 29
Dec
40% Apr
109% Aug
20
28 % Jan
v.
108
8
No par
...—25
No par
25
100
Aug
Jan
7
—1
Oct
3
21% Jan
33
1007/a Jan
No par
17%
Jun
14% Sep
7
15% Jan
Apr
14
12% May
23% Jun
10% Jan 13
15% Jan
..
1% Mar
Apr
Jun
115% July 30
pfd (4% % cum) ——100
Oil Corp——
1
Sunshine Mining Co————10c.
Superheater Co (The)
Superior Oil of Calif—
Superior Steel Corp
Jun
15% Jan
Class A
31
3,700
5
2%
Nov
par
Sunray
*8'%
27%
May 29
'•<•
Apr
5% Jan
*20'%
27%;
7
30'A May
10'A Apr
20
30
Apr
Dec
Nov
7%
19%
14% Dec
*29%
2,200
Oct
Jun
9%
66
45% Sep 22
24% July 19
1'
30
.....*No par
Webster:
21%
21%
5.
Apr
Apr
4'A Mar
23% Nov
11
15% Nov
20
Spring————1
31
-
57
29
4%
647/a
Y
22% Aug 16
28% Jan
15
(The) L S—i—No par
Studebaker Corp
Nov
54
Stnkely Bros & Co Inc...—
1
5% prior preferred
.—20
&
62 %
Nov
Sterling Drug Inc
10
Stewart-Warner Corp....—__5
Stone
3% Mar
11%
Standard Oil of Ohio———.25
Starrett Co
43% May
4Vs Jan
•
10%
-
*65%-
Apr
Dec
Apr
No par
Standard Gas & El Co
Standard Steel
Dec
59% Jan
No par
preferred
33'%
1,400
8,300
Dec
17 Va
par
No par
Standard Oil of Calif
18,500
113%
10%
-1%
—
Brands, Inc
7,900
41%
Jan
1
Y" 6% Sep. 18
12,000
54%
Oct
Dec
10
6
37%
41'%
Dec
39
4'A Jun
6% Jun 30
41%
54
Jan
21%
116
26% Jun
6
37%
41%
19%
Apr
Apr
25 Va
8
2% Jan
41
54 %
Dec
109 % Aug
106 Va Jan
4
Sparks Withlngton
37%,
53%
Sep
98
14
—No par
100
tr ctfs
41
"41%
Mar 23
Sep
Apr
May
Jan
No par
Spear & Co
1
$5.53 preferred
No par
Spencer Kellogg & Sons
No par
Sperry Corp (The)
1
Splcer Mfg Co
No par
$3 conv preferred A
No par
Spiegel Inc—
2
Conv $4.50 preferred
*No par
Square D Co
—
1
5% conv preferred.
100
Squibb (E R) & Sons
No par
$5 pref series A
No par
$4.25 preferred
No par
stk
34%
'
78
Dec
2
'
,
16
9
$4.50
12%
1
Feb
12
preferred
Ohio
37%
2,000
Feb
'
Sep
7%
10
Jun
x9%
17
42% Jan
Standard
104
107% July 24
35'A Jan
&
29 Va
16% Jan
105
No par
40%
1
Sep
44% Dec
12
7.50
Co
34'%
S
17
12% Mar 26
15
,
700
37%
30»%
*36
6%
5W
Railway
non-cum
Mobile
600
5
"•
Jan
100
5%
5,100
57
56
4%
•
y
;•'. 4%
,56
38
26%
"38
58'%
*55
57
30'%
31
26%
114%
Southern Natural Gas
Southern Pacific Co
38%
*114
California Edison
Southern
1,200
Y 1 43%
114
109% Nov
100
38,700
:
Jan
5
47% July 24
Jan
Rico Sugar——No par
13%
r:
2
8
Mar
A Nov
l'/a
15
preferred
25%
26%
•'
23%
Q%
13%
38%
6%
23%
Jan
8
Greyhound Lines
24%
*52
30%
*58
23%
South Porto
50
Jan
Jan
%
6
Am Gold & Platinum
25
38%
6%
South
149
6% Nov 30
34%
May
A
17% July
Socony Vacuum Oil Co Inc
19,900
.13%
26%
59%
23,400
3%
13%
24%
*38%
6%
12%
1,800
7
23
3 Va Mar
19% Jan
96
No par
10
12%
24,200
105% Jan
Nov
7
Iron
PY 3%
31
Jan.: 7
Nov
Jan
Corona Typewriter.No
13%
*26%
*58
&
25%
*5%
6
57
&
(A O) Corp-
Smith
13%
4%.
4%
*52
30%-
30%
Steel
Smith
34%
13
35
Dec
13%
1
Mar 11
9
24
—No. par
preferred
1,900
149
14
5'A Dec
21%
47%
9
—
24%
•
55%
55
*5%
5%
57
14/.;
Oil Corp—
®keilly Oil Co
1,000
33%
\3% Jan
;
27 % Nov
27%
30
2
2
23%
31 '\Y
*145
6
Feb
1
1% Mar
sba Jan
% Jan
—100
No par
16
7
May
34% May
9
36% Mar 30
27% Nov 30
100
Jan
25%
14
24%
50% Aug
21
24%
14%
24%
.5%
23%
1
28
43
Jan
Jan
9
28
Oct
No par
3%
29%
21% Dec
28
30'%
33%
Nov
2
12%
29'%
Nov
6%
16 Va Jan
26%
33
9%
Jan
No par
3%
*145
Apr
Apr
3%
Simmons Co
12'%
33%
6%
6%
8
5
3%
149
31
4
4
43
13%
24%
4%
*
32%
*145
24
23%
13%
54%
29
33'%
149
149
24%
*52
29
29
Jan
9% May
14
Southeastern
Oct
Jan
54
5% Jan
No par
No par
15r
12%
29
Jan
5%
27%
31% Nov
July 19
2% Jan
$1.20
85'A
Apr
12
28
Oil
Sloss-Sheffield
Y. 8% Jan
17% May
31% Jan
Y
Oct
Jan
1
Jan
17% Jan
Sinclair
•
74
7% Jan
.Simonds Saw & Steel
100
x20
Jan
9
5
2,000
& 41
14% Oct
12% Sep
18% Jun
Sheaffer (W A) Pen Co
15,700
41'%
*24'%
Y' 26
39% July 21
11% Jan
Silver King Coalition Mines
3%
34% Feb
2
7%
129% Mar
No par
YYY. 20
26%
6% May
Apr
3% Mar
Dec
Jan
86%
May
—1
24%
3'%
32% Jun
—No par
No par
50%
26 y4
25'A Jan
19
100 % Mar
75%
11% July 13
19% Dec
<„
Steel Corp__<
*48%
3'%
54
Dec
Nov
5%
Jun
78% July
1
71%
No par
Inc
*24'%
26'%
93% Jun
Jan
5'/a Jan
20'/a Jan
No
24'%
3'%
27
•
15% July 19
7'A Jan
No par
50'%
:
20
10
Shattuck
800
Feb
1
$3.50 conv pref ser A
(Frank G)
200
70
80
100
Sharpe & Dohme
3,600
18
59% Nov
No par
No par
9%
Y;
Feb
Feb
49
Dec
4%
7
98
76
100
100
-5
5
100
75%
•
9'% Apr
Dec
5% Jan
par
100
12%
11%
*141
'
70
28
88% Oct
100
12%
41
149
:■:>
73% Jan
No par
.*74'%
•1
.P
10%
32
28%
4%
2
6.
-J
P 9%
12'%
,75
40%
23%
30%
55
Jan
1
$5 conv preferred—
500
/:
26%
3'%
26%
27%
3'%
:
Sep
Jun
14
95'/a Jan
5
1,100
9%
12'%
4%
13%
X94%
Seagrave Corp
6,800
'12%
3%
55
Jun
20% July 14
101% Dec 24
7%
Jan
2%
No par
100
3 ;■■ ■;
14%
Yp 74%
12%
24%
38 Va
6
No
:
17%
9%
3%
:.S
27
23
10% Apr
100
Seaboard Oil Co of Del
14%
12%
12%
24
Oct
74% Dec
2
-
preferred
preferred
800
17'%;
75%
■<;
3%
149
93
4
4'AJan
100
preferred—
1'
•
12%
*141
4
42% Jan
10
non-cum
Jan
69% Jan
preferred-,.
17%
p 14'%
3%
29%
1%
25
Francisco
87'%
U4%
12%
29
Deo
Sears Roebuck & Co
17'%
12%
29
Dec
13
May
19% Jun
20
No pat
5,400
*9%
25%
29%
16
7% May
Mar
x55
Nov
..100
(The)
88
86%
YYY 3% P 3%
12%
10% Mar
Jan
12
No par
87
12%
17
:>
*25
25%
6
5
14»/8 Jan
No par
A
17'%
67
»"90
21%
*2%
3 PY
11 %
31%
32
32
20
4
.*10
1
No par
$4.50
112
109
112
*2%
40
*39
/
*109
*21%
106%
41%
;
*22%
23%
*22%
Deo
Y.y 5%
4,500
*74'%
3%
:v2T:..'Y
41
17
Dec
22
Safeway Stores
10,500
Nov
Deo
Scott Paper Co
7%
40%
Sep
3%
Apr
6% Dec 24
1
200
7%
39'%
23%
May
6
RR
100
7%
17%
50%
11
20
11
preferred
Savage Arms Corp.Schenley Distillers Corp
5% % preferred
39%
106
Co
non-cum
5%
111%
87'%
25%
;?
5
86% July 27
13%' Sep 20
}St Louis Southwestern
8'%
111%
9%
26%
11%
28% Nov
5
Co__
Louis-San
6%
1,000
12%
*48%
41%
Jun
Feb
Nov
23% May
8
Joseph Lead
tUt
4'%
7'%
:•:•
St
3,400
*4
45'%
75%
*25%
26
;
11
41%
•,
30
Y 3
1111S Jl|llfl!l
'
%■
22% Jan 22
26%
15%
5
,
Jan
$2.50 conv preferred
2,300
:\*44%
12%
25%
26"%
Nov
Jun
23% July
11% Apr
Aug 24
Jan
Rustless Iron & Steel Corp
2,500
U
■
9'%
89
15
*%
a
•
*74%
Y
50%
V
35
Dec
6
Typewriter.....—
Ruberoid
50
46
32%
PY 9%
12%
75%
i*25
3%
20
64 %
Jan
7%
5
Company
Royal
600
1,800
44%
*38'%
21%
66
9%
27
27
.•
22% May
No par
Roan Antelope Copper Mines
—
1,300
.
•
*6'%
Y 106
39
112
6%
19%
Mfg
Ritter
300
39%
•
109%
*14'%
9%
•
32
2
Jun
15'/a
20
Richfield Oil Corp
27%
*44
4%
*111
7'%
*2%
3
*2%
;■ *48%
25%
26
6
10
1
Rheem
100
*6'%
40
21%
21%
17%
*73
50
:
25%
15% Jun
7
14% Jan
26% Jan
Dec
34%
100
,
1,100
44%
*105% 106'%
106'%
14%
A
7
26'/a Jan
—100
4,000
14%
%
%
*4
111%
7%
7%
88%
9%
30
29% Jun
Deo
Dec
3%
70
preferred
9,%
*6'A
%Y
5,900
14.
*18%
32
%
1
111
111 %
88%
P 17
75
*9%
101% Dec
2
5
59%
Apr
Jan
prior pfd ser A
Common
*26%
,
'
'
12%
12%
*73
7
Jan
2
39
■■■*■»,•
Saratoga
Inc
14%
9'/a
45
31%
E
*6'% P9YP
44% '44%
44%
67
14%
•
%
-
/YY 45
32
*%
U
4%
9
46%
is
*109
Y>
3
31%
%
89
67
67
32%
•111
•
109%
21% / 21 %
A
,
;•:/;"* 45 •/••
.
*38%
*109
110
*22
46% Mar
I
23
5'%% conv preferred
Reynolds Spring
Reynolds (R J) Tob claslSf B
39
14%
14%
*105%
40
;
■*36
*13%
1
,5,100
29%"-
29 Va
6%
Y.Y *6%
14%
40 V
106'/a
*105%
39
39
2% Mar
2
80
Reynolds Metals Co
2,500
.
.
5'A%
220
9'A
13%
15
7%
40%
106%
6'/a
,9J/a.a
14%
*6%
7%
40%
6%
9Va
*13
15
111
41%
14%
9%
11%
87%
19'A
%
111
7%
*105
4
71% Oct
10% Jun
No par
Revere Copper & Brass
1% preferred
230
87
27%
44%
40%
14%
19
*4
45
111
111
110%
*36
27%
:
8%
44%
39
66
;
90
/■1
11'A
29%
;39
'/YYY;.
14% Y:
19%
%
4%
*7%
44%
29%
27%
32
1
%
1
*13
*4
♦
2,500
85%
:
9
27%
%
Iff :
:
;
31%
•?«
29%
7%,'
*84
.
87'A
14%
.
46%
*45
31%
31%
conv
12% May
2
8
preferred
conv
6 %
2,400
::p; 9
ll7/a
9
13 '/a
,19
19%
*26%
;
1
Y :v.
*65%
-
65%
27%
19
26%
15
<;.;/>
*9%
.
6%
*6%
'
*18% Yl9:>..-:\
19
9
" 65
SY11%
Y; 87'A
;:•:
12'/a
87
13 Va
9%
*12%
26'A
65
86%;
V, ,9
29%
*36 Y' Y
14%
:
9%
6%
&
Motors,
6%
Oct
14
Republic Steel Corp
19,100
Y
89
7%
7%
85'A
.
39
*36
39
13%
46%
7%
85%
11%
*9 'A
*45
7%
86'/a
12
87%
12%
*12%
*6%
17% YYY
103
.
89
89
.
7%
Yp 65
65%
ll7/s
87
14%
•100
v
10%
Dec
% Jan
Preferred with warrants
Reo
;
8'% Mar
% Dec
66% Jan
(Robt) & Co 1st pfd
Rensselaer
1,850
Nov
4
Jan
11'A Jan
_5
Remington-Rand
2,300
14%
11
100
Reis
;Y: 600
•Y
9'A
.>17%
/
103
Y,
74%'p:
Dec
9% Mar
21
2nd preferred—.50
Reliable Stores Corp
Reliance Mfg Co_
100
.7
92%
54'/4 Jan
50
Hosiery
730
7,200
89
73%
*85'A
86%
•
29%
V
v
/ ■A 9'/'8
17%
17%
*100
89 ;
YYY
16%
106%
3% Jan
4% Jan
59
1
100
.
2
Hi eh est
$ per share
7
Apr
90% May
80% Jun
July 26
15
50
1st preferred
Silk
4
25
—
Preferred
10
>
.
19%
10% Jan
.
No par
non-cum
Real
900
;'
12%
Y; 87,
9'A
10
non-cum
4%
,500
*18%
Y>
74
9%
89
' Y;
7%
7%
Y; 86
:.Y 65
-
29%
29%
•36
v
11%
"
89
-
2
par
Inc
preferred
4%
200
■:,•;•:
,Y
58
,
v
13% Jan
107% July 23
22% Nov
5
Reading Company
1,800
"v.'
15%
:
88'/a
73%
;
103
/
87%
86%
87/a
8%Y
,1
8 7'/a
8%
YY
7%
86%
v./': 65
65
87%
15%
18
*100
91
*88
18y8
15%
Y
Y
$2
1,000
/
6%
95
*12%
.Y
114% July 22
2
"
7%
*85%
-
87 -YY:
.11'/a
■'
89
K;
18%
58
12%
*87
9%
17%
18%
•90
90
19% July 19
3
—No
Bakeries Corp
Rayonier
4,500
•
27%
27%
*6%
56%
74%
9%
:
500
V:YY
34
*88
*55
89
73%
v>
6%
*12 Va
.
18%
*87
103
-
•
15%
9%
17%
*100
12%
15%
75
9'A
9%
;
57%
*18%
/■■Y
: Y;
89
'73
17%
17%
Y 103
v
;
89
7'/a i
7%
87/ Y
*62
'
*87
•■
*100
r
91
:
15%
110
V.-.S-V
28
6% YY
16%
*33
14
Raybestos Manhattan
13%
29%
16%
"
32%
*27%
.v.
:
29
*29%
-
Jan
92% Jan
YY A 8,890
105%
per share
104% Feb
.YY'Y'
700
27,000
•
t per share
-100
Quaker State Oil Ref Corp
54,900
9%
•13%
,
16%
;
Purity
11
Lowest
—..—100
conv
400
70%
A 28%
—No par
Year 194!i
Highest
t per share
Radio Corp of Amer
No par
$3.50 conv 1st preferred—No par
Radio-Keith-Orpheum
1
6% conv preferred
100
10%
•
100
.
YP
29%
29%
32%
6'/a
12%
12%
*12 %
18%
Yp ;/Y
53'A
59
■••.57%;
100
15%
28
6'/a
-*90
18%
12%
*18%
-
28
110
12%
*12'/a
••••:34
6%
*92
.
9%
8%,
Y.-Y- 13% Yl3%
16%
*32
-p:
P%
28
■
V
Y.;Y.Y,
.
-34
*32
Y
;
8%
(The)P
preferred
preferred
6%
1,900
,
Lowest
Pure Oil
600
•
Range for Year 1943
P
Par
200
13%
Range for Previous
STOCK
EXCHANGE
7,500
19%
Y70'/a
8%
28% Y 28'/a
•:
30
27%
P
9%
70
99%
.
13%
29%
6%
•
9%
"
16 'A
13%
Y.
NEW YORK
J
104
-
19%
13%
*13.;;.
Shares
110%
16—
*102
.
20
70 ;Y
28%
*15%
■p 2 7'A
58
*57%
28%
99%
14
33%
110
,
16%
33'A
'
..'•■ 20
•
•
'
98%
*28'/a
16'A
16'A
'V
104'%
YY 8%
8%
Y,Y*
30 Y
16 Va
>33 'A
•
(
13%.
YY;
6%
*32'A
:
99%
30
13%
30
--29%
27'A
16 Va
8%
Y
<;;.-
111
*103
for
the Week
per snare
♦110
*110
70 Va
70
70%
i
28'A
28 'A
*27%
13%
30
,
10%.:; YYv t 9%
97/a
70%
99%
-28%
13%
*29%
'
;;Yvv:
10
70% Y
70%
8% r; 8% Y. / ,Y v 8%
YY 99'A
99%
-99%
-'v
P
13%
*13%
70% Y-
70'/2
20
20
16%
16%
16%
16%
15%
1G%
109%
104%
Sales
Fviday
Jan. 14
Thursday
Wednesday
Tuesday
Jan. 11
Monday
Jan. 8
RECORD
SALE PRICES
AND HIGH
LOW
Sep
29
6
Oct
1
28
7
23
24
Jan
Apr
Apr
6'A Nov
55%
128
Jan
Dec
18
7% Apr
3%
43
116%
Apr
22
May
82
May
32'A July
14% Jan
20
—10
—12%
26 % Jan
4
4% Feb
1
12% Jun
25
22% Jan
2
27% Nov 19
33
July
5
~3% May"
5%
Jan
11% May
15 Va
Jan
"9%
May
16% Dec
17%
Feb
3% May
20
Sep
26 y8
Deo
4% Aug
25
Jan
■
Monday, January 17, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
230
RECORD
NEW YORK STOCK
Range for Previous
STOCKS
gaturdaj
Jan.10
( per
Jan.II
.'31%
32
29 Va
29
29
31%
31
31%
31 Va
6%
6
6 Va
V
7 Va
7%
"
45%
45%
31%
32 Va
6%
6%
6%
6
7'A
7%
7%
6Vs
7
7
43
*42
6%
6
t per
Par
<
Swift International Ltd
6^700 i A. Sylvania Elec Prod's Inc
10,800
Symington Gould Corp.
32%
32%
.
6 Vb
6 Vb
29%
32 Va
28%
43
49%
50%
49%
50%
2
34%
34% ;
3414
34%
34%
35
5,200
16 Va
15%
15%
15%
15%
4,300
16
15%
16
16%
10 Va
12%
13
13
13
52
52
52
6%
93
93
4%
12%
*12%
33%
34%
A 33%
12 V2
33 Va
32 Va
32%
2%
19%
19%
13 Va
13%
2%
;
*19%
13%
,
19%
13%
13%
27
48
48%
8%
19%'
19%
48
8%
8%
*19%
19%
12%
12-%
*12%
3%
3%
3%
*9%
A
13
*87
22%
29 Ya
9'A
22%
22%
29%
29%
29%
100 Va
-9
^7
100%
,6%
6%
71%
:
■
9
8%
V
9
26%
49 7
8Va
89
89
*88%
22%
22%
22%
30 Vb
30 '/a
30 Va
22%
22%
22 Va
30%
29.%
o o >pCO^
100%
*100
100 Vb
•
,
74
9
9%
9%
9%
52%
53
'
A
-
7%
.
9%
81
80
.
*52%
/
9%
79%
,
54
9%
9%
80 %
79
9%
9%
81
80%
81%
53
52%
.
9%
9Va
10
80%
'
52%
51%
52%
51%
Va
*115%
*115
*115
115 Va
*115
*111%
*111
*111%
112%
*111%
113
112%
112%
*111 Va
112%
112%
19%
19
19%
18%
18%
18%
19
96%
96
97
94%:
94%
94%
19
19
19
86
95
95%
94%
94
94
27
19
19 Va
96
27
*93%
27
*26%
28%
29 Va
105%
24%
24%
24%
25 Va
Vb
rl/64
106
106%
*104
106
l'<t
,
24%
24%
'
3,400
1,400
1,000
115%
*112
*64%
66%
*22%
24 %
1%
1 Va
33%
33%
.
V
*23
1%
13%
",
96
A
95%
■•A *95
6%
*6%
50
*50%
51%
13%
96 Va
6%
*5%
50%
6%
6 V2
50%
13%
*50'/a
8%
8%
•8%
8%
8%
8%
28%
28%
•28%
28%
28%
28%
27%
76 %
.76%
75''4
76
76%
76%
75 Va
2%
2%
2%
2%
2%
A,-:
2%
29%
29%
:
:;-:v 9%
*97%
9%
*9%
9%
*97%
97%
97%
97%
16%
17%
"17 Va
17%
74%
74%
73 Va
;
170
170
170 A:
167 '
,
9%
9%
10
42 Va
*42.Va
43
36%
37
.
17%
18 Va
*111%
113%
18%
111
*9
6
•
*9
/
41%
38
38
2
2
7:
42%
132
132
At;
52%
121%
23%
23%
3
16%
'35
72 %
164
164
5%
534
A. 700
U S
3
2%
57 Va
58
*71%
;
Hi 57
*71
52%
121%
121%
121%
23%
24 Va
23%
*45%
48%
*45%
W-:
3
;:!
3
17
*16
17%
X72%
*164
18 Va
18%
18%
9%
9%
9%
130
130
56
56
*71
74
*71
'
-
"A-
3%
34%'
71
72 Va
169
121%
121%24
23%
48%
*45%
42%
*164
16 a*
16%
4 'g
4
.
35
.70%
72 Va
169
"164
*18%
93a
A *9%
*9%
9%
37 Vb
48%
A
23%
4%
71 Va
4%
35
*70%
*164
169
-
l—i OO
M
18%
9%
*9%
*37
38
38
117
37%
,
2%
15%
16
35 AV.v-
U
43 Vq
•'9.200
700
117
2,500
53%
28,200
122 Va.
2,800.
23%
;,2.400
'117
3 Va
3,200
6.800
76
A A,
200
15%
A'
300
.2,000
4%
150
35 Va
C'A
72 Va
150
10
169
A;
1,800
9%
>300
19
500
39
38
38
38
*117
118
118
*117
118
*41
43
41%
41%
42 V'2
41%
41%
41%
41%
43
*41 Va
*41
*60%
63 %
f60%
*60%
63%
*60%
63%
63%
63 %
63%
*60
*60%
65
65
*62%
67
*65
70
67
65
*62 Vb
*60
*62
*21 Va
21%
*62
21%
21%
21%
21%
4%
4Va
4%
4%
4%
55%
54%
54%
55
114 Vb
114 Vb
114%
*114
4%
*54
114%
41 Vb
*39 Va
41 Vb
*39%
*39
40
*39
39%
39%
*34%
35
*39 "a.
•
108
*103
*34%
*103
*143
*143
35
108
150
45%
45%
47%
27%
45
.26-ls
2,1s
*0??'
*26%
11105%
108
For
*105% 108
footnotes see page 231,
*34%
*1C3
150
48
55%
116
41'b
39%
35
118
21%
21%
21%
21%
4%
4Va
4V4
4 Vb
4 Va
54 Va
*54 Vb
54%
54
55
116
*39 Va
53%
*115
*34%
150
47%
105'8
*2*1*
:
105
49
27%
*105% 108
310
117
11 Va Jan
A*
39%
39 V4
39 V4
X34%
34 Vb
400
46Va
1° %
26%
•
*
*103
50
108
70
*143
47
10%
26%
*105% 108
46%
10%
26%
47
10%
26%
*105% 108
Jan
•
par
10 Vb May
5
7
16% Apr
A; 4% May
25
Jan
5
Jan
5
6Va Jan
1
•
42
5%
4
Oct
■
9% Jun
28%
9Vb
59
168
5%
_100
r—5
50
19
--30
Jan
4 A Jan
-4
8
10
,
.
Jan
Jan
Jan
No par
Co_i-—„,_2.50
Wan Raalte Co Inc_—
5
7 % 1st preferred
100
Vick Chemical Co
L
—5
Vicks Shreve & Pac Ry—
100
5% nonrcum preferred
—100
Victor Chemical Works
>—15
Van
Norman
Apr
104%
Jan
Apr
20%
Dec
17
Oct
Va-Carolina
6%
.A
—
div partic preferred
Va El &
Va
Chemical
Iron
_No par
Coal & Coke 5% pfd
100
preferred
Vulcan Detinning'Co—
6%
Preferred
5.600
-Wabash RR 4%#> preferred
1,300
Waldorf System
.
<
700
100
Pow $6 pref
Virginian Ry Co_—
!
No par
25
—25
100
100
,
100 "
No par -
Walgreen Co
No par
4Va% preferred ——————_100
24% Jan 4
7% Jan 5
20% Jan 2
103 Feb 10
A
16
&
Dec
Apr
8 Vfe
Apr
3% Nov
Dec
Jan
50
6% Sep
Feb
3% Mar
25%
Jun
35
48 Va
Jun
72% Jan
11% Apr
16% Oct
"2%
Feb
4%
Sep,
5%
2% Apr
77% Apr
Dec
-Feb
87
11%
Jan
64
6% May
40Va May
159
Dec
174%
May
Dec
6% Jan
4Va,Apr
34% Jan
41
Sep
24%
Apr
34%
Jan
2%
Apr
4% July
7
Jan
14% Oct
99
Jan
22
8
25
6
Aug 28
Oct
6
26% Feb 15.
6% July 1
68 Vb July
1
Xl23
18
33% Aug
7 67% May
A
A Oct
Jan
July
1%
37% Oct 21.
120
Oct
5
65
Feb
20
4%
July 13
44 Vb
58% Dec
Jan
11
Oct
113
May
23
6.
4
12% Feb
:
9% Mar
37
25% July 15
:■»
Feb
y36% Jan
104% Mar
8
15% Jan
4
8% Jan
7
25% Jan 11
115
Mar 15
'^OVb Dec 29
51
Jan 22
A
57 l-,Feb 15
20% Nov 18
2% Jan
4
39
Jan
5
115 V Dec 30
20 Vb Jan 14
-A 27
Jan 14
29% Jan 2
•.
80
Jan
8
r 113
Jan 26
Feb
30
Jun
7%
—
Vanadium Corp of Am
81%
Jun
89
6
,
Dec
23%
1 Jan 16 » 114 Oct 7
4% Nov 8
8Va July 19
8% Nov 4
, 9% Jun 10
29 % Jan 13
37 Va May 25
29% Jan 13 ' 42 July 9
32
Jan 15
44% Jun 2
JfJan 2
3% May 10
25%
101
46
64%
10
Jan
16%
85% Nov
21 Vb Aug
8
21
30
10
19% Apr
108
May
74 %
Jan
Dec
113% Nov
63% Jan
108
••
.
Apr
May
x42% Julyl4
7% Apr 26
AAA 13% Jan -6
No par
^-——100
Deo
9%
83
100% Mar
Jan 29 ; 75% Oct 20
Dec 15
181% Apr 17
Jan 1.7
10Va Oct 29
J39% Jun 17
44V2 Nov 1
,
46
Jan
108
99% Dec 23
8
Jan
7% NOV
7% Sep
58
9V«Jun 5
84% Jan -2
Nov
78% Nov
'
Sep 22
Dec 24
Jan 30
July 3
23% Nov 30
35 Apr
60% Mar 9 A, 76% Sep
2% Jun 16
2% Dec
16% Jan 6
29% Dec
99
Dec 31
100 Dec
3% jan 4
5% Apr
4% Jan 6 . 13Va May
6
•i
A':7; 6Vb May
17% Jan 20 A 33% July 8
A Dec 30
y Dec 30,
' „
—
—
36
Jan 8
22VaMay l2
109% Jan 2
114 . Jun 11'
55% Jan 16
69% Jun 1
18% Jan 7
x26 Jun 3
Ji Jan 2
2% May 10
17% Jan 5
35% Sep 29
5% JanA 4
?'• ;A' iwV' Z'&mi
Jan 7
21V*-Jan
July 2
15%
96
9
66
1%
Oct
26% Nov
•
')'
NOV
7%' Aug
16
*•
•
8
Jan 2
11% Feb 26
x76% Dec 2
86% May 27
113
Jan 5 xll8
Apr 29
105% Jan 2
114 % Oct 19
-A, 15% Jan 8
22% July 14
80% Jan 2
102% July 16
.79% Jan 6
97 Oct 20
24% Jan 8 A; 28 % Ma r 30
'x24% Nov 30
40 May 27
93'/2 Jail 4
114% Jun 3
■■
7
7
7Vb 'Jan A.
4m
1
18
10
59
71
Jun
19 Va Jan
13 jA*
77% Jun
11% Jun
7% Jan ' 4
94% Dec 27
2% Jan 7
38% Jan 4
A 2Vb Nov
56Vb Jun
•34% July 14
Jan 18
A
v;.'A-.. %,'Mar-
101
■
6%, Dec
8
24% July 15
9
4% Jan
6
9% May
■7
Nov
Jan
May 25
90
6
4
18 Va Dec
8 .•77 ,7%.May;,;7>
-12% Mar
A-,..8% ;JanA
25% July
A;
8
-99
67
7
5
6% Jan -47
7 A
12% Jan
-'
July
46% Sep 20
.130 Dec 29
4 y,„ 62
May 7
Jan 13
74
Nov 1
U S Steel Corp^
No par
47% Jan 7
59% July 15
Preferred
100 -112
Jan A 8
125 July 19
U S Tobacco Co
No par 20Vb Nov 18 A: 29
Apr 5
IVo non-cum preferred
25
42% Jan 4
50% Aug 21A;
United Stookyards Corp
_i
1% Jan 6
3J/4 Juiy 19
-United Stores class A
_5
A.
%Jcn 5 a;A 3
°ct 4
$6 conv preferred
.No par
56
Jan 23
88 Oct 27
Universal-Cyclops Steel Corp.,
,tT A
13%,Dec 16
20% July 2
Universal Laboratories Inc——1
,
2% Nov 17
6% July 2
Preferred
■
No par .'•- 30% Nov 13
41% July 16
Universal Leaf Tob
No par
59% Jan 15
75% July 7
A
8% preferred—-•——^
—100
150
Jan 12
165% Nov 27
800
34 Va
105
1% Jan
69
1st preferred
100
U S Smelting Ret' & Min
-50
Preferred
;
—50
50
*39 Va
105
4 ;
15 Va Jan 27
;
non-cum
'
34%
39 Vi
*143
103«
115
500
40
39 Va
39%
35
117
•-'•-
*39
41%
*39
Jan',
Foundry
20
Card Co——10
S Plywood Corp
-1
S Realty & Impt———-No par
8^
1,200
*115
43%
.No par
-.iNo par
U'S Rubber Co
-
2,800
*143
1034
300
21%
*103
49Va
■
21 Vb
108
27
27
105% 108
80
117%
4Va
•
31% May
-
—IJMar,
•
10
May
Aug 30
Jun
114
29 Vb
Dec
26% May
30 % Aug
20
A
32%
Dec
1
Mar
Apr
% Aug
13% May
27% Dec
Mar
103% Dec
•/ 54
51%
58
Jan
71
37 Va Apr ;
Jan
Apr
44Va May
55% Jan
107 Va
Jun
119% Jan
15%
Apr
Jan
24
46% Jan
39% Mar
-
2%
'A--
*37
*117
Jan
50
.
3,600
*117
.
34 Va
U S Pipe &
2,500
38
*37
May
•US Playing
2,Va
48%
76
76
100
;
74.
*46
A A* 3
2%
18% A 18%
19
23%
2%
34%
22
■
2,300
57
121%
122
3
76
»
53%
53%
1,300
;'A
•U
,
130
3
3
2%
*16
.
52%
Prior
130.•;
56
74 A
76%
35
*33%
72 Va
169
*164
3%
3%
34%
2%
42%
53%
Dec
34% Mar 31
•
AU S,;Lines Co————1
Preferred >
—10 *
38%
2
2
A;
:
A
41%
38 V2
—
38
42
2%
2%
76
*33
72%:
38
*74 Vb
2%:
2%
*74%
3%
,
53%
3
41 Va
'
.
53%
9%
*9%
>
41 Va
*41
57 Va
130%
9
32 '
32
41 Va
130%
42
74
42%
,5.500
Leather
Partic & conv-.cl A
preferred—
A;
120
6 V\
;''AA *8%
9
31%
4,700
112
5%
43%
2,,y.
2
18%
18 Vb
38%
38%
AA
38%
a-:
*41
*8%
32%
32%
41%
5%
*110
111%
5%
17%
17%
17% '
110%
6
9
.
9
AAV
75
*3%
-17%
17%.112%
5%
32%
*16
3%
*71%
5%
*72%
16%
3%
*32
47%
2%
,75
*71 Va
23%
3
2%
2%.
121% '
*4.5
47%
*2%
5%
2
53
52%
121%
23%
*45
5%
*131%
52 Vb
2.
preferred—
Chemicals-—No par
Co—
No par
*5%
131 Va
121%
conv
A, " 37 Va
130 3 i
*71
5%%
37%
132%
73
V2
'
5%
5%''
18 A* 1 18%
-17%
97
23% Dec 14
U S Industrial
*111%
Mar
5
Hoffman Mach Corp—
U S
110
•
Feb
4
.85
Co——No paf
Co——
^
—20
1,000
6
Nov
103 % May 26
Mar 18
3
26% Jun
100
7% ' preferred—
5,100
10%
Freight
U S Gypsum
-
70
10%
10%
1,500
175
*171
U S
15,900
37%
37%
■
72%
73 Va
42 Va
43%
57
19
42%
111%
Nov
ex-distribtion_
Mfrs Inc
.1
Secur
Jan
1%
& Fdy__
5
——.—No par
$6 1st preferred—
A
*35 V8
*41
73%
-300
36%
42%
57
99 Va
U S & Foreign
27%
10%
——100
Faperboard-—*
10 a
United
2,200
18%
.
700
9%
99 Va
,
4%
9%
172
10 Va
10
9%
73%
4Va
A
;
17% July
15%
preferred
5%
320
42 Va
42%
57%
57%
United Merch &
3,700
29
101%
42%
9
2Vs
2
55,200
x36V2
42%
42%
2%
—
Dec
Jun
United Gas Improv't
37%
5%-
38
37
V,
United Fruit Co
42%
31%
41%
*41
United Engineering
1,600
*41%
111%
32%
2,400
77%
101%
18%
170
170
.
'
9Va
32%
32%
*40 Va
>-
k 6%
6%
9%
*6%
*31%
*70
*5Va
5%
5%
17%
111
17%
A
73 " VA:
73
*169
SA
28%
,9%
Jan
5
-
-
Sep
f; 5 Va. Jun
July 23 V
34% Dec 31
6% Jan
No par
.—No par
Electric Coal Cos
f United
Va
A; 29
v
99 Va
73 A
17%
42 Va
37%.
5%
16%
98%
98%
10'
42 Va
37
98%
73%
9%
9Va
4% ;A, 4%
9—
9Va
■;
9%
a
9%
7 170
170
42 Vb
*36 Va
4%
H. 4%
.
Preferred
80
•
17%
73%
■
28%
100
17,200
Feb
3%
8
preferred —————No par
United Dyewood Corp——
—1
2%
101 %
99
17
74
..
9Va
.
28%
•
A
8%
Jan
2Yb July
8 Va
S4.75
•
:
Dec
4%
34%
15% July 14
•
———100
Co——
Drug
United
'
15
52 Va
Jan
30
6% May 24
A
A3" Mar
Jan
,3% Apr
May 27
49
Jun
40% Jan 20
.—.-No par
77%
*28
,
2%
100%
1,200
A
•6%
8%
77%
29 Va
100 Va
4%
4%
9%
2%
i
52
52
8%
100%
29
■:
77%
97
*5%
6%
52
28%
*28
a-
2%
2%
100
100
*4% ;; 4%
4%
*4%
99%
*99
99%
*99
-A
'
29 »A
29 Va
29%
29
9
8%
9'A
.
3,600
13%
13%
.,96%
-r
May
4
18
Jan
94% Jan
preferred——u-No par
$3
A' 2%
41
Oct
42
12
A
No par
Biscuit Co—
conv-preferred
United Corporation—-A
July 12
8
Oct
Jan
9%
Nov
95
26% Feb
1 Va Jan
-';ft {>7
*95%
13%
96'
35%
48,300
34%
Jan
24%
Jan
Sep.
22
Jan
9% Jan
—100
United Carbon Co
34,100
7%
5
8
28
A; 9% Sep
Jan
-
—__—
—
United-Carr Fast Corp
1%
?5%
35%
A 5%
25
■
lVa
'
1%:
..'
35
35 Va
34%
27%
*75%
*23
'
13%
13%
*6%
52
24 %
100
25
'
lVa A .1%
34
50%
6%
*6
*64%
*22%
AVa
64%
v:•*
95%
95 %
95%
*94%
*50%
66 Va
24%
1 Va
33%
13%
13%
13%
13%
66%
*22%
■
*63%
United
10
4%
Oct
14
Jan
A16
preferred
Car--,*.-———No par
Rights
4% preferred
700
64 Va
*63%
66
20%
113%
28% July
5
Jan
5
July 22
53% Deo
2% Jan
r.
5
preferred
,—100
Lines-Inc————10
conv
United Air
1,200
103;
20%
,
12
8 % Jan
*
113%
114
*112
30
6Va Jan
3
—25
100
;—100
non-cum
5%
1,100
■
114
Dec
13% July 14
18
33 Va Jan
United Aircraft Corp—..—
12,000
10,400
24%
102%
20%
20%
20%
20%
*112
114
*112
4%
Union Tank
'
112,600
20%
20%
20%
*112-115%
*64 V2
66%
*22%
24 Va
1 Va
1%
33 %
33%
*20
20%
*20%
Dec
8%
7
4
No par
-No par
No par
Union Pacific RR Co
3,500
,106
23%
24%
23%
24%
24%
Oct
8%
Apr
28
52
No par
No par
Fisher Co
Paper
Union Carbide & Carb
Union El Co of Mo $5 pfd
Preferred $4.50 series
Union Oil of California
Union Bag &
'
28% A. 29 VB
28%
28.
28%
28%
105
106
26%
37%
6% July 14
A 41% July 14
U A|fA|A:AA;
'
Under Elliott
99
.•94%
26%
26%
27
*26,3 a
.
29 Va
28%
104%
104%
*93%
Nov
Apr
May
2
33% Dec 29
8% Jan
5
•
2,300
96 A
26%
97 Va
'
26% .27
104%
96
96%
94%
96
104%
9Q
28%
'
*93%
Dec
Apr
3%
par
115%
116
115%
*113%
116
116
*111%
82%
42%
35
No
4,900
*113%
81%
Apr
2
v
par
4,700
A:
80
r
30
$1.50 pi-iferreda——-—.
-No Par
i-~$4.50 prior^pfd
300
-No par
Twin City Rapid Transit-—
6,800
—100
7% preferred
'940"'
—.17
Twin Coach-Co—
'2,300
> v'.
9%
v
53% July 14
.No par
111
52%
52
2
16 Va Nov
■
17
4,800
75
VB9-9V':
8%
9Va
a:;;9';A
:
14,800
100%
75
75
75
75%
7. Va
7Va'
6%
7-7%7
7
'2,900
H
9%
A
9Va
9%
-No par
$6
V Oct
7% May
A
preferred—a
—
.No
< Truax-Traer
Corp—1_—
.No
120th Cen- Fox Film Corp—
A.
200
•
St'l_—
Nov
4
7% Jan
-Tri-ContinentarCorp-a-—a.
10,900
•
80
'
9 Va
9 Va
30
,
A.)
3%
3%
AfTransue &. Williams
400
-
35
13% May 29
3% Jan
-5
A Transcont'l &. West; Air Inc.
2,000
•■"7«
a;a; '
•Transamerlca Corp——
4,800
•
>
,
Apr
1 Vb Mar
8
■
Tide Water Associated Oil———10
1,440 —S $4.50 conv preferred———No par
3,500
' Timken Detroit Axle—>—
—10
800
Timken Roller Bearing
No par
13
Apr
32
5% Mar 16
2,100 u- '
19%
*12%
12V2 7 -
9%
9 Va
8%
19 A
-
3% 7 "3Va
89
*87'
*100
26%
49
18 Va
AA 12%
3%
3%
76
9Va
74'A
73%
73%
9
387b
■
30
100%
7%
7
102%
>
8% Vf A
xR'/a
12%
*12%
22 Va
*100
7JA
6%/
72
*8%
9%
22%
,
,
29%
*100%
•
8%
8%
18%
3%
89 /:
9%
3%
3%
13%
NOV
4
3
9
41% Jan
1 Thompson-Starrett Co—;—-No par
'AA!; $3.50 cum preferred
—N< par
4,100
.1,300
•
48 Vb
19 Va:
8%
13
A,'
26%
48 Va
27
48%
19%
100 Va
9%
22%
26%
48%
;:
102
A102
.
26
27%
49
12%
88% ' 89
89
13%
*19
2%
20%
13%
:
5%
24
Apr
2
8% Jan
—..25,
———No par
Thompson' (J R)
Thompson Products
•
1,400
A 34%
19%
13%
101 Vb
8%
A
8%
13%
13%
4-
200
2%
19%
101%
49
12%
2%
19%
13%
101
28
27 Va
12 Va
101%
A 2 Va
101%
101
101
27%
*
Jan
Nov
Jan
-——100
—
...
Dec
5%
Jan
Thermoid Co—-—
-1
A
S3 div conv preferred
L
10
Third Avenue Transit Corp.-No par
1,300
77 34
34
*33
'
2Va
*19
7
4%
Preferred
:
10
45
*4%
12%
Va
"12
19%
2%
2%
19%
19 Vb
101
*87
'«
2%
Va
250
3,200
,7%
■
*43
AAA
45
"4'/a A 4%
•
34Va
12%
7%
7%
7%
12%
2%
200
A.
94
25 Va
3
preferred-—-No par
—
No par
$3.60 conv
The Fair—
>.
250
6%
V
■
4%
4%
■
*93%
93
7*43 ,A
*12'A
'
*6
6%
93
2,1C0
51
51 A
A.5iAAAA
51
*6 Va A
45
*43
43
4%
2
•3,600
13
7% A
<>■'
4%
■A
3,800
19%
12%
93 Vb
7%
7% % 8 AA
■v
*4%
12%
*47%
91 Va
43
45
33%
27%
92%
A 7%.
:?wy 77/«
A'
*43
9%
19%
12%
6 Vb
*6%
92%
12%
100 Vb
6%
6Y2
6%
94
77-A 9%
19 Va
9%
-
52
52
51 Vb
9%
19
9%
19%
13
*12 Vb
6'/a
19%
%
.
12%
9%
19%
10
9%
19
19%
.
15 % Aug
;
29 Va
35
5
——25
Texas.Gulf Producing—
-No par
Texas Gulf Sulphur
No par
Texas Pacific Coal & Oil——
10
Texas Pacific Land Trust
1
Texas & Pacific Ry Co——
100
Thatcher Mfg Co
No par
2,200
5 A;
5
■
5%
10
4%
49%;. a
4% A- 4%
16
A.;
4%
11.100
34%
13%
45
800
49 Va
5Va
52
*43
11%
v,7' 48%
8% Jun
45
share
per
3% Aug
8
8 Va May 20
5% Jan 25
—.——9
50
--.-5
Telautograph Corp-A.-—.. Tennessee Corp
Texas Co (The)
—
34%
*51 Vb
7%
700
5
*12%
*7%
4%
35
AAA-,' 18 Va :
*93
4% A A,.;."A 4%
:A.V 11%
11%
A,
9%
*6
5 Vb
5
130
*7
-Highest
share
19% Mar
22
35 % July
8
4% Jan
1
Lowest
$ per
share
35% Apr
8
22% Feb
No par
' Talcott Inc <James)
k
5Va % partic preferred
:400
45 Va
'"
*
A. ?4% 7
50 Va
49%
,
7%
*44 V8
48%
11%
11%
18%
18%
11%
11%
5
16%
9% A-
4%»
"
■
*11%
4%
-
-
34%
A
34%
16 Va
4%
,
11%
-AA:
5
5
34%
4%
44
49%
11% 'Tl%.?'
49%
44%
*4%
11 Vb
A
A
-
44 Vb
44
44
*4%,
4%
*4%
AA
$ per
share
27% Nov
—
'
'
*6%
Year 1942
'
-'Highest
Lowest
EXCHANGE
5,500
A
29%
29
31 Va
30
Shares
share
28%
29%
27%
29%
I per
$ per share
per snare
5
$ per snare
$ per
share
'
the Week
Jan. 14
Jan. 13
Jan. J 2
Range for Year 1943
NEW YORK STOCK
for
Sales
Friday
Thursday
Wednesday
Tuesday
Monday
Jan, 8
SALE PRICES
AND HIGH
LOW
1%
Oct
Apr
1
Oct
34% May.
60
Vb Dec
12
July
15% Nov
41
May
142
Apr
152%
Dec
Jun
20%
Jan
% May
%
14 Va
61
11% Mar
7% Jun
19
26
Mar
May
42
50
July
55
Jan
Sep
60
Nov
25 Vb
Jan
.55
18% May
Jan
2%
22% Jan
40%
Oct
110% May
117%
Dec.
Jan
21 Va
Nov
Jan
1
Oct
1
8
Aug 18
Nov 22
24
Apr
31%
35% Sep
26
May
29%
70
Jun
120
Mar
40
110
150
Dec
30
14
Oct
Dec
116% July
112% Jan
1
45
Oct
Oct
Oct
96 Vb Mar
138
Jan
,
21 Va July
30% Jan
11% May 29 16 Mar ' .,20% Nov
6Va Apr
7%
28% July 15*
109 Jun 10
97% Jun
102% Nov
Oct
40% Dec 31
.
*/"r
Volume 159
a „J
t
IfovtUWr* >' v",'
AI} V
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4247
NEW YORK STOCK RECORD
STOCKS
■
Saturday
Jan. 8
JLOW AND HIGH SALE PRICES
Wednesday
Tuesday
Monday
Jan.10
s per
$ per share
50 Va
17%
*17%
7%
7%
7V4
7% /:
*8'/a
8%
8%
8%
1%
1%
1%
12%
12 Va
17%
49%
49%
1,900
17%
17%
17%
800
Div redeem
7%
7%
7,%
///: 7%
7%
7,300
Walworth Co
——No par
8%
8%
'
^
47 Va
47%
24%
*24
23
23
23
*17%
17%
17%
18%
6%
22%
23%
22%
78
78
78
19%
20
19
85
85
84%
/
*3% ;/
106 Va
*106
30%
3%
3%
•
31
30%
30%
3%
106
'
4'
////
8%
43%
43%
■
/ 9%
9%
9
•
'
43%
43 Va
:
...
22%
22%
22%
5,400
95%
95
95%
3,900
Westlnghouse
22%
95%
94%
95%
94%
95%
95%
95%
130'A
130 %
;130'/a
130Va
*130
33%
>33%
33%
33%
33%
33
33
26
26
26
25%
*55
59%
*55
*105%
*55'
97%
21%
22
67%
67%
67%
20 %
5,600
*106
,106%
550
31
18%
18%
18%
*18%
21%
*17%
18%
21%
21%
21%
.
v
7%5Va
5%
5 V4
5%
25%
*24%'
25%
*24%
5Va
5
'
9Va
*94
102
5%
3,100
49
.
■
■
*64%r
68
25%
-' 13
.
*25 :
%
*119%
*21
■
94
83
<
/'21:://''
38%
50
*49%
85
*81
84Va
69
69
69
69
70
70 /
30%
30%
30 Va
30 Va
295/a
11%
96
*90
48%
298/a
*68
;
60
.
400
50
"82
82
20
*68%
69 Ya
28%
^
400
Young Spring & Wire
—.No
Youngstown Sheet & Tube—No
5%% preferred series A—
Youngstown Steel Door-——No
14%
15 Va
14%
14%
14%
14% '
28%
143/4
37 Va
38
37 %
37%
37
37%
37 Va
373/4
96 Va
96%
96%
963/4
96%
96%
96%
96%
480
13%
14 Va
133/4
14 Va
13%
14%
14 5/8
15%
12,200
96 Va
96 Vs
96%
96 Va
13%
13%
13%
A/
13%
/,
/
28%
' •;
,
-
'
..
;
155/4
f
.
12,000
4
,
"♦Bid
and asked prices;
no
sales on this day.
Jin receivership,
a
Deferred delivery,
n New Stock,
r Cash
sale,
Shares
Week Ended Jan. 14,1944
Saturday
,
—
Monday
Tuesday-"
Wednesday
—
~
-
.
-
———
-
Thursday
Friday
•
Bonds
-
346,150
722,170
996,220
705,021
677,989
United States
Government
Bonds
Foreign
Bonds
'
$304,000/
$7,634,500
9,861,100
15,101,200
16,988,400
15,642,900
.
310,000
408,000
410,000
336,000
$1,000
10,850
17,000
5,000
50,000
'
Total
Bond
Sales
'
$7,939,500
10,181,950
15,526,200
17,403,400
16,028,900
Friday—
25,069,100
398,000
17,000
$100,850
shares—
■
Foreign—
Railroad St industrials
'.
—
Total———---———
Deo
31%
Jan
108%
Oct
Jan
12
Jun
3
Mar
5%
Nov
1% Apr
40
May
15% Apr
1 Va Apr
1% Aug
4% Apr
3% Sep
.3%
Jan
July
Oct
Sep
Sep
Jun
Jun
Apr
70% Sep
Jan
15 Va
Deo
51
15% Jan
53
Jan
22 V4
Jan
2%
Deo
'
2%
Oct
8%
Deo
6%
Jan
73% Jan
Sep
16%
v
Dec
21% May
14 Va Jun
110%
24
Oct
Jan
31
Deo
21% Jan
117
Nov
123
July
106
117
Mar
oun
54
Jan
44
Jun
57% Jan
80
Jun
39
31% Sep 10
17 Va July 13
41% July 14
Nov
42'A
20
29
Nov 12
7
69%
107% Jun
3
28
20
18
1
18
98
27% Feb
Dec
12% July
2
42Va
25%
149
134
54
57 Va
108
July
17% Dec
58%
Apr
104
Jan
62
Jan
15% Jan
5
Apr
28% Jun
-
23% Oct
7% Nov
37% Jan
78
7
c
16% Jun
22% Jan
Jan
May
87
1% May
Oct
20
Deo
2% Jan
y Ex-rights.
x-Ex-divldends.
Exchange
Bonds (Par Value)
Domettlo
Foreign
Government
$31,000
$330,000
746,000
246,060
761,000
211,375
228,150
737,000
656,000
29,000
Foreign
Corporate
—
—
—
769,000
1,000
779,000
1,000
773,000
685,000
~
248,725
650,000
.3,000
2~6OO
655,000
1,207,530
$3,880,000
$137,000
$6,000
$4,023,000
—.——---
Total
-
1943
1944
Jan, 1 to Jan. 14
1944
'/
1943'
1943
1944
4,194,351
8,465,680
$100,850
2,166,000
$703,850
$137,500
4,331,000
151,977,500
5,863,000
90,297,200
$61,500
3,352,000
76,891,000
138,680,400
$92,564,050
$80,304,500
$157,012,350
$144,680,900
787,235
2,178,095
$5,249,000
$8,020,000
283,000
1,207,530
Stocks—No. of sbares—.—«
4,382,470
1,385,570
7,814,607
—Stocks
■^/>//:?//;/ /'-/
Bonds
Domestic——.
———
—
——
Foreign government————.—————.
Total
'./■■/-:■•//
/
$3,880,000
137,000
276,000
6,000
'
—
-
:
.
/Y
YY
v
■/
' /:
5,000
42,000
6,000
$5,530,000
$8,345,000
$9,529,000
':v
/:
20'-;:-
Total
Rail-
trials
roads
ties
Utlll-
January
8
138.09
34.67
10
137.80
34.82
138.47
35.12
22.55
12
137.94
34.86
22.35
*
10
Second
Grade
Total
10
Grade
utm-
trials
Ralls
Ralls
40
Bonds
ties
48.03
.
107,26
103.42
68.96
110.31
97.49
48.01
22.33
11_
Stocks
22.32
January
January
January
January
January
Indus-
First
10
65
is
Indus¬
compiled by Dow, Jones & Co.:
•Bonds-
■■
$8,866,000
657,000
$4,023,000
Foreign corporate
10
30
Total
$362',000.
$1,000
1,000
35,000
the daily closing averages of representative stocks and bonds listed on the New York Stock Exchange as
Jan
32%
8% Feb
Jan. 1 to Jan.14
1943
Date-
Deo
127
Mar
Slock and Boni Averages
are
19% Feb
83
93
———-
>Y:Y
Below
Tan
Oct
80
25
————
/
'—
30
Apr
22,000
17,000
WednesdayThursday
Bonds
Government——^
Jan
8%-
100% Jun
176,525
Tuesday—,
$92,564,050
#
S.
Deo
3%
13% May
Week Ended Jan. 14
Stocks—No. of
Feb
Jan
20
63% Apr
109
Aug
23
Apr
22
Jan
104'/a
Apr
4% May
23% Feb
4% May 10
96,695
Monday—.
25,484,100
$2,166,000
Week Ended Jan. 14
V.
Jan
18
2
37% July 13
of
Shares)
Saturday
$90,297,200
.
Jan
113%
May
10Va Sep
97
Sep
12% May
50
(Number
Week Ended Jan. 14,1944
'.4,382,470
1944
Jan
93
102
2
Jan
2
,
934,920
—
Total--————-———
10% Nov
91
104
Stocks
•'
Stocks,
Railroad
Number of: and Miscel.
\
20% Jan
X71% Nov
7% Aug
3
Feb
Daily, Weekly and Yearly
Daily, Weekly and Yearly
•
July
19% Jan 12
wdWhen distributed.
s Special sales.
3
Apr
41% Apr
36
Apr
Transacfions at the New York Curb
at the New York Stock Exchange
^
par
...No par
1
Zenith Radio Corp.
Zonite Products Corp—
35
*3%
,100
Jun
24 Va July
21% Jan 13
7% Jan 4
30
Jan
6
82
Jan
4
9% Jan 2.
par
/par
1% Jan
34
/9% Jun 28
14% July 14
/ 9% Sep 20
86% Oct 2
11% Apr
6
121
Dec 7
104
Yale & Towne Mfg. Co——25
6,700
14 Va
37%
Nov
6% July 19
30% Jan 2
16% Jan 20
Dec
7
100% Oct 4
44% Jan■< 9
46
Jan
9
78% Dec 3
58% Jan
4
—10
Worthington P & M (Del)
No par
7% preferred A
100
6% preferred B„
——100
Prior pfd 4%% series—--——100
Prior pfd 4%% Conv series-—100'
Wright Aeronautical———No par
Wrlgley (Wm) Jr (Del) —No par
1,000
28%
14%
37
30Ya
:
18
22% Aug 11
10% July 26
7% Oct 1
86
Apr 30
27
Oct
1
9
9
—
500
Jan
Jan
Jan
Jan
Jan
Oct
Jan
15
May
59% May
1
Jan
99
24% July 22
71 y2 July 14
Jun
5
20
3
6
2
4
27
8
115
Woolworth (P W) Co—
-
84'
/
————No par
Co———————10
pfd
-100
",
Jan
14,
42% Deo
2
17 Va Jan
No par /
—
Woodward Iron Co——10
2,600
V
70
*81
2%
8
4%
57%
July
Oct
2
2% Jan
—5
$6 preferred
10,800
.
48
"
;
——
Wilson-Jones
200
99
'
50
;
19
Jan
,*■
July 9
29% May 5
112%; Jun 23
Apr
6
60
3% Jan 5
2% Jan 8
40
Jan 15
x20% Jan 19
Wisconsin El Pow 6%
.110
48
49%
;
48%
•49% -;
preferred-——/_No par
preferred-.
—20
conv
Wilson & Co Inc
1,200
.21%
*104
84%
49,200
;// 900
38%, 39Va
21%, 21%
21
*90%
50
# 30%
13% Jan
Willys-Overland Motors———1
6 % conv preferred
—/
—10
—
*20%
.
106
'1
*83
15
;
Jun
12
11%
40
Co————1
Wilcox Oil & Gas Co
1,800
83
11
*120%
21
49%
*81
■
;
*104
49
49%
—
38%
.
94
,
49
■
13%
8%
11 Va
21
109
//> 40
100
>
.
21%
20%
*104
82%
82 y8
38%
38%
21%
22
V
8%
ii
'»'>/
,
83%
$4
1,000
20,300
8%
*12%/
13%
12
Jan 15
Mar 13
Jan 9
Jan
2
58% Jan 5
15
Jan 14
—
White Rock Min Springs——No par
White Sewing Mach Corp—
—1
Prior
7
Jan
106%
52
85
18
100
39%
13 V*
Aug 20
100
136
22% Nov 30
preferred———100
conv
White Motor
10
4%
4%
6%
5
6%
8%
/ll;:>/
51
37%/ 37%
120
No par
24% Oct
.
119
Jun
3
16% Oct 29
110
Sep 22
31% Dec 30
6% Apr
5
11% Apr
3
49% Oct 27
24% Dec
8
24% May 29
31
Wheeling Steel Corp——-—No par
$5 conv prior pref———No par
White Dental Mfg (The S S)20
25%
,
11
39
:
,
•
67
83%
109
*94
49
*34%
5Va
/
5Va
8%
22
104
*14%
700
9%
21V4
109
/
5,100
7%
*121
*104
*48%
21%
7%
10%
38%
21V*
21%
.
7%
82'/a
22
38%
200
*25
13 Va
*121
38%
18%
6%
12%
10%
22
18%
6Va
7Va
x81
*121
80
*4%
13%
8%
8%
10%
5%%
1,300
67%
5Va
/
6%
83%
21%
67
6%
'
2iy4
$4.50 preferred
180
67
'
13 Va
7%
13%
97%
85
2
5
-12.50
Wheeling & Lake Erie Ry—
59
21%
21%
5Va
5
5%
-
67%
*7%
25%
*20%
Instrument—
'
*24
8%
*
97%
18%
70
10%
110
Elec
30
-
99
Oct 14
87% Oct 11
Jan
Jan
Westvaco Chlorine Prod——No Par
21%
21.
*67
*82%
partic
800
97%
*18%
7%
.:/:/
*55
*67
21%
7%
70
7
81
Mfg——50" '
preferred
——-50"
Weston
'
18% '
*67
*13%
105%
Elk&
800
26%
105%
26%
1st
80
>.
'•
70
>
34
97%
*67
s
132
34
4,400
21%
:/
67% *
21%
,
7%
5%
r/
1,500
4%
*130
//
59
*55
"
21%
21%
8
"7%
31
4
4% "
105%
105 Va
97%
*67
97 Va
*67
.
-
■!
59
97 Va
97%
21%
*18'/2
67%
.
„
105%
*55
59%
-
•
21%
97'/a
21%
67%
-
...
132
105%
106
Apr
2%
20% Dec 31
——
1
59 Va
•
97%
97%
*21 Va
,
19
26
106%
i
1%
350
132
33%
106 Ve
No pof
—No par
95 Va
22%
94%
106
July
3%
July 23
8 % July 8
26 Va July 2
79% Nov 3
Jan
8
Jan
4
Jan 21
2,100
23
106
par
23%
22'/a
*24%
26
22%
23 V4
26
5
Jan
22%
22'/a
26
20% Dec
7,400
23 Va
*25
4
4,700
22%
26
32% Apr 21
23% Sep
1
22%
./
23 Va
*130
8% Deo
42%
42%
10%
43%
22%
.
4% Apr
42%
4
10
22%
"
15% July 15
10%
790
4%
4V8
22%
34%
7
Jan
43
87
30%
30%
:
23%
132
29% Nov
22
31
22%
130
Nov
6
56
West Indies Sugar Corp————1"
West Penn Electric class A—No par
180
250
23,600
*117% "-117%
.
*23 %.
*33%
Nov
1
4
Jan 20
10%
106
23 Va
1
Nov
6
Jan
10%
19%
98%
18%
106
>
9%
"
No
;
$4 conv preferred
700
84%
X87
117%
18
43 V4
9%
43%
43%
,
.
Oct
17%
2 Va
17%
69
1./
Wesson Oil & Snowdrift
5,700
i
'
4
4 //,'v
'
share
41% Nov
■:/' 16 v4
5 Via
,
8% Jan
4
50 Vs Jan
4
preferred—
100 " .67% Jan' 4
6% preferred———————100
57
Jan
2
West Penn Power 4J/a %- pfd—100
109
Jan
8
West Va Pulp & Pap Co——No par
11% Jan 5
6% preferred——
—100
103
Jan
5
Western Auto Supply Co———10'
19
Jan
2
Western Maryland Ry——100
2% Jan
2
4% non-cum 2nd preferred/—100; '
5% Jan
2
Western Union Teleg class, A-No par / 37% Oct
8
Class B—————————/No par
22
Nov 15
Westinghouse Air Bratce—
No par /
15% Jan
4
117%
106
/ 30%
;
Webster Eisenlohr
'9,400
19
89%
18
106
-
•
84%
<
89%
89 Va
18
V
17%
Apr
12% Jan
—5
Wayne Pump Co—-«
X98%
85
101
117 %, 117%;
117%
106
17%
..a.
19%
19
*84%
100Va
84 Va
100
89%
117%
17%
117%
30%
30%
89
.
19%
19 Va
*99
99
88%
17%
106
106
99
87%.
.78%
84%
85
99
117%
;
78%
20Va
'
23%
*23
i
Waukesha Motor Co-
1,400
22%
78 (?
78
13% Mar
Jun
—5
2,400
V
7%
23%
17%
500
6%
6%
'•
31%
% May
16
Feb
Fdy & Pipe
No par
Washington Gas Lt Co—No par
25
x23
V
Jan
Jan
54% Oct 27
18% May 25
9% Jun
9
13
May 29
2% Mar 29
-
4
2
5
Jan
Highest
s per
per share
22
Dec 21
15% Jan
4
-
———50
Bros Pictures*———
12
$ per share
'
*24
23
•6%
78
Warner
15%
4%
4%
%
26
7%
No par
——No par
preferred——
$7
,
Warren
24%
6%
23%
117%
13,400
6%
77
17%
12%
6%
24
117%
12%
Baking Co cl A
Class B
1,000
.
.
25%
6%
86%
12%
/v 24%
24
*97%
12%
/25%
77
87
900
25%
23%
98
46"%
25%
78
.
*45%
Y
25%'
24 %
86
46%
25 %
23%
97%
46%
Ward
200
24%
6%
.
1%
17%
23%
85
9
*1%
17%
6%
20%
*8
1%
18 V4
23Va
19%
8%
*22%
6%
85
.
*24
.
23
23 'A
*77
:
*1%
47%
12%:
-
12%
12%
7%
*8
1%
1%
24 Va
18
38% Jan
preferred——No par
1%
23
17%
17%
17%
G & W—No par
49%
17%
7%
*24
.
227/a
(Hiram)
49%
17%
Year 1912
Lowest
Highest
$ per share
9
12%
24%
22%
23
23
12%
12%
*24
24%
*24
47
,•
Par
Walker
50
1%
47
*46%
47
46%
Shares
17 %
*8%
1%
t per share
share
Range for Year 1943
Lowest
50
7%
■
EXCHANGE
17%
*17%
*17 Va
the Week
'
50
49%
17%
49 %
51
50%
f per
$ per share
S per share
share
Range lor Previous
•
NEW YORK STOCK
Friday
,
.Jan. 13
Jan.12
Jan. 11
Sales for
Jan.14
Thursday
107.34
103.54
68.92
110.37
97.54
48.31
107.34
103.77
69.39
110.37
48.06
107.29
103.85
69.22 >
110.34
13___.
137.36
34.91
22.25
; 47.92
107.30
104.00
69.40
14—.
138.15
35.37
22.36
48.27
107.24
104.16
69.75
.
110.30
110.29
97.72
97.68
.
97.75
97.86
' ;-
'/#
;; • •
^^
7——.
-7-;-—
y
■
...
.
.
.7.
■
.
7-
CHRONICLE
THE COMMERCIAL & FINANCIAL
232
••:.;";;,7l" .-v;
-
Monday, January 17, 1944
;
v.
'4 !S#VL3)
8S38
.^45:®jBoiid Record imMem York Stock Exchange
FRIDAY
vhrfrF
Prices
The italic letters
in the column
-
Treasury
4s
—
3%s
314s
Treasury
3'As
Treasury 3 'As
Treasury 3s
Treasury
i
Treasury
3s
Treasury
2%s—
234s
2%s
2%s
2%s
Treasury
Treasury
Treasury
Treasury
Treasury
1956-1959
1958-1963
-—..—1960-1965
-
Treasury 2'As
1945
-1948
1949-1953
1950-1952
1952-1954
1956-1958
—1962-1967
——1963-1968
r
Treasury 2'As.
2'As
2'As
2'As
2'As
2Vis
2 V2S
2 Vis
2V2s
2Vis—
2V4s
2 V4S.
2'As—
2s
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
.June 1964-1969
1964-1969
Treasury
—.—1967-1972
Treasury
—1951-1953
Treasury
—.1952-1955
Treasury
1954-1956
Treasury
.—.1947
Treasury 2s.
Mar 1948-1950
Treasury 2s
Dec 1948-1950
Treasury 2s
—Jun 1949-1951
Treasury 2s
Sep 1949-1951
Treasury 2s
—Dec 1949-1951
Treasury 2s
—March 1950-1952
Treasury 2s
Sept 1950-1952
Treasury 2s ——;
.1951-1953
Treasury 2s.
.1951-1955
Treasury 2s.
1953-1955
Treasury 13As
June 15 1948
Federal Farm Mortgage Corp—
777/::
3'As
1944-1964
■'
V 3s '•
——1944-1949
Treasury
Dec.
•»w"' '
J-D
M-s
*103/!
...
*106.8
;
111.30
7 ;72:
7:7
103.6
103.4
■
106.10
r
2
100.27
103~3~
J-D
1
105.21
106.30
*110.0
110.13
110.8
105.15
106
7
110.6
111.28
fey/A A 6s assented-
lll.24elll.25 7/7
4
109.9
112.23
::
-7:7
2
103.17
104.26
*105.7
'7
105.9
*111.1
.y\'f
:'py'?p"ft;
111.3
■
"
7 103.11 103.11
M-S
:
107.3
1
*106.21 106.23
M-S
J-D
M-S
102.3
;!y7'y:77:
•"'
*111.9
•
J-D
M-S
.v
*103.9
v
J-D
J-D
100.2
100
100
M-S
:''777
•••
J-D
J-D
v'7
M-S
AColombla Mtge Bank b'/2S
Loan Corp—
ASinking fund 7s of 1926
ASinking fund 7s of 1927.
104
100.10
101
100.2
8
series
ACosta
Cuba
Rica
(Rep of)
'24 %
17%
17'A
22%
17%
16
23 V
18
; 25'A
52
™; 64
17%
>20%
100.10
101.4
External
104.30
105.7
4'As
101.25
102.13
106.23
107.8
104.7
external
dent
5
-
42%
rf
*33
36
34
•34
*33
;7 60
J-J
7777--i.l953
1
*60'A
8 A Denmark 20-year extl 6s
100.14
101.2
1955
External gold 4'As
1962
SADominican Rep Cust Ad 5'As___1942
§.A 1st series ,5'As of 1926
1940
§A2d series sink fund 5'As
..1940
100.9
Customs Admin 5'As 2d series__.1961
100.12
100.29
7 5%S
1969
103.16
101.12
100.15
101.4
101.1
100.23
101
100.9
100.30
*100.20 100.22
100.5
100.7
*100.7
100.9
J-D
100.2
*104.29 104.31
..
100.9
101.10
*101.8
J-D
100.13 100.13
100.25
AEstonia
101.11
102.28
100.24 100.24
MS
100.25
.
_
102.27
7s
(Republic of)
(Republ.'ci
unstamped
100.10 101
101.5
*101.3
.J,
A 7s
part
paid
A6s
•
;.a
part
(Republic)
Haiti
—
s
86'A
84'A
Members New
120
J-D
'
»
coli 7s A
1945
B—_—1945
f 7s series C
1945
f 7s series D___;
1945
f 7s 1st series—?—1957
(Dept)
AAntioquta
AExternal
A
1968
f
s
External
s
AExternal s
AExternal
s
7s series
AExternal sec s f 7s 2d series—1957
AExternal sec s f 7s 3rd series—1957
(City) external 5s__—_ 1958
Argentine (National Government) —
S f external 4'As.—
—1948
S f conv loan 4'/2s.—
i
.1971
S f extl eonv loan 4s Feb
1972
S f extl conv loan 4s Apr
1972
Australia (CoinmonwTth) 5s of '25.1055
External 5s of 1927
.1957
External g 4'/2S of 1928
1956
Belgium external 6%s
.1949
External s f 6s
—1955
External s f 7s__
1955
JABrazil (U S of) external 8s
1941
AExternal s f 6'As of 1926—.1957
AAntwerp
—
AExternal
gold 5s
Sinking fund gold 6s
Sinking fund
A 6s
s
1m57
17%
17'A
1954
90'A
90'A
11%
(City)
15'A
24
J-J
17%
17-/8
17%
17%
J-J
>16'A
A-0
a-0
>16'A
a-0
>16'A
1
15
1953
15
1958
99% 100'A
fund 6s
F-A
84%
■784%
84% "■'
A-O
84%
84%
84%
94%
94%
s
20
93'A
94%
M-S
v
41
94%;
7
■/
vv'/;
•■;.
108
*100
J-D
101
1
101
53
7
50%
A-0
51'A
49%
.
■•■
53
50'A 7
.
100
56
36%
52
77 34
■-.■> 32
51%
V 49%
50'A
31
34.
51
53'A
34
34'A
93
87
95 y8
F-A
:7//v,"
J-D
95%
8
;
95
*92
95%
95%-
7
1.
■
83
97
*95
■■
7 ^
92'A
7'
7
J-J
I
ASao
71'/a
80'A
53'/4
8
48'A
60%
107%
111'A
107%
104%
73'A
A
A7s extl water
A 6s
97%
104 %
*102% 103'/s
101 %
103%
A
101'A
105%
A7s
J-J
*103'/4 103 %
102 %
100%
105%
18%
24'/2
18%
26
102
18
18
M-N
1961
F-A
18'A
25%
18%
181/4
18'A
is y4
19
18%
19
18%
extl
8 A Secured
s
sinking fund 6s
A 6s assented
8s
A Silesia
(Prov
31%;
1966
m-n
35
m-s
(Kingdom)—
A-0
extl
1958
7s
(Republic) extl 8s
17
52%
40
12
32
48%
36
■.-■■«._
•19%
14'A
1
11%- "■14%
7
14%
J-D
14%
1958
J-D
12
F-A
*93%
1940
F-A
*88
2
12
12
99
—
"
•
-
68'A
1978
J-D
*61
64%
F-A
*39'A
69%
J-J
*55
60%
F-A
*11%
20
F-A
lO'/a
18%
25%
3%-4vb-4-&
extl conv.,
M-S
18'/4
i8y4
18%
19%
25%
4-4%-4%s extl readjustment__*_1978
1961
Sep 1961
1963
M-S
18%
18'A
18%
18%
25'A
3%s extl readjustment..
20%
2*
1962
A-0
18%
25%
(City) external 78—^..
A4%8 assented.
AWarsaw
1984
1958
1958
-20
'
9%"- 13%
85
95
84
87
12
88
85 Va
63%
18 %
—
•
78'
60
18%
10
8
17
*57
18%
72%
14%
MS
18 %
46%
55
15%
MS
18%
28
13%
1979
J-J
48%
2
14'A
3%8-4-4'As ($ bonds of 1937)—
External readjustment
1979
J-J
•:'■>•>■
60
*87
conversion
29%
,
39
31%
*86
External
83%
39
__1955
•
73'A
33 "
MS
26%
35
32
•■7
35
18'A
MS
26
33%
17%
32
T964
25'A
40%
18
17%
.I960
19'A
-!i:
1
fund 6s
1961
236.
10
;
AExternal
sink
32%
;
57%
;
MS
of)
%
1
31'/a
14'A
MS
37%
32
/
1962
18%
20
AExternal sink fund 68;
19
18'A
60
1962
13
.
39%
*32
31%
extl
102%
39
40
J-J
sec
54
30
90%
39%
m-s
..1940
36
2
38
77 32
32
J-J
J-J
38
.
'16
83'A
83'A
*35'A
M-n
1968
A4yas assented..
1961
18%
34%
83%
17'A
'7:. 7V 26
/•7V" 7
35
:
r77--/ 1
34'A-
34%
20%
17
17'A
32
31'A
J-D
m-n
-
,
3
6
;-:•'•••
,74
40
39%
40
A-0
J-D
17%
-
11
'
32'A
25%
:
23%
A-O
31%
1968
23
8
50%
7. ,36%
1946
16
,
14
20
103
37%
31%
1950
Sydney <City> s f 5'As
AUruguay
103
37
1956
7s
7 50'A
A-0
1964
1952
1957
1936
23'/a
10%
••■
35%
.k ;;v
external
secured
series B
18%
19%
;
page
1
Serbs Croats & Slovenes
Sep
assented
8s
loan
dollar loan
Jan
sinking fund 6s
f
•
34
103
F-A
1946
1953
23%
13
7;-72*
:
13%
36%
26%
19%
19
F-A
1961
18'/4
s
IA San Paulo (State)
A 8s external
\
J-J
104 '/4
(City of Brazil) 8s
Paulo
6'As extl secured
36%
'
MS
1967
loan
Santa Fe external sink fund 4s
M-N
1980
external loan of 1926
A7s municipal
97%
A-O
*
79i/4
78%
A-O
1921
A8s extl loan of
104'A
M-N
8s_
78 'A
109%
18%
oil
(State of)—
80
50
102'A
tCity
*"/ A6s external sink fund gold..
,101'A 101%
101 y2101 %
J-J
35%
6'As
12%
.,16
,
•
i6'A
.
13%
36%
70
109
J-J
Janeiro
sec
24 %
'
11
13%
13%
.7 16
J-J
68%
-
50
1041/4
de
A Extl
*34
13%
-
21%
>23%
J-J
F-A
40
*13%
'■'■•:
J-D
69'A
2
1968
1950
A-O
.1963
r.1961
19
153
A-0
7'As_____._____.l966
75
1C9
J-J
^
...
:. 77
116
*14
A-O
1947
■
-;•; 16 :
■;'
19.
,18
A-0
.1958
7. 7*:
■
19
17%'
J-J
Rio Grande do Sul
101%
J-J
.1940
77%
77'A
39
73'A
19%
—...
74'A
...
.
33%
;; 18'A
gold 6s
73%
72
72
'
A-O
100
33'4
18%
7'/26
1952
Queensland (State) 'extl 6s
.—*1947
A7s
>7"
33%
104
14%
2
M-S
J-D
792
104
*105
M-S
89'A
73
1
M-S
A-O
7.3
72%
70
7/7' 77 7;
90
89%
89'A
1947
1960
8 7'A
90
72
90
*81%'
MS
J-D
1967
95
•*71
*83
^7V77' ■-
96%
80%
MS
f 6s 2d ser™_.1961
—
98 "«
77%
"5
.
95%
101%
100
7. ;
■■
-
-A
77; 7 77:0 P
98
*87
--
95
8 3'A
16
":"7 /
.•■■■'77^.7-7
"98
...1959
7s__
'City of) 8s._
Alegre
*100
■■■
15
94
93'A
94
J-D
4-0
85
82'A
'
'94% " '
94
1970
.^,.--1955
APrague (City of Greater)
ARio
93
84
;7::;-:-"7
.7*77.
94'A
fund gold 8s_^
sink
AExternal loan
94
87
of)
ssont.ed.__
a
S -7
■
7
•.V7«•■';''7,v
9 6 'A
A4V2S assented..—
APorto
.531/2
93
v
MS
'As
AExternal
101
97
58
A 4
9)
7.r 96'A.
7'w-.:
101
J-D
*100% 102
8
A4'AS assented
100'%
96'A
/■■^-
100
*84
"2
,
94'A
AStabillzatlon loan s f 7s___.
94'A
79
ext)
(Rep of)
SAPoland
34
33
•••
*90
'7
r
F-A
1963
ext to__.____.1994
(State
A Nat Loan
94'A
83'A
10
"
J-J
85%
-
34%
18'%
8
34'A
33
*95'/a
(Rep of) external 7s.
Nat loan extl s f 6s 1st ser
85%
79
82
18 y4
89%
33'A
MS
Ext sec ret 3'/as series B
A
19%
18%
F-A
APeru
94
78%
;
3V4s
mod
APernambuco
96%. 101%
"€4'A
81
"■; 105 -
■
;
17%
li
10%
*12%; 16'A
33 »A
A-0
AStamped assented 5s
Stamp
.11 %
16
18%
MS
extl s f 5s ser A.1963
(Rep>
APanama
10'A
15 ya
A-0
(Cityt 'sink fund 4'As.
Jan
f 6s
see
ii'Ki
90%
""90.
M-N
Feb
assented...
footnotes
; 7-
143
9M
Feb
assented
external
51
92% V
.1960
-
sinking
; •■"
'••-92'A
1943
f 7s
42
E-..'t WUf:-
92'A
M-S
23%
59%
w
MS
1954
s
|>|0'7A
18
99%.
1948
15
18 V2
m-n
J-J
24
23%
10%
_____..1963
fund extl loan
sink
16
12%
..1958
4'/4s
18%
16
11%
....1965
4'As.
fund
10%
12%
15%
J-D
1D44
fund
12%,
13%
10'A
m-s
1952
.1959
6s__....
98
9
20
*14%
m-s
........1958
5s
sink
Oslo
V
57%
57
J-D
,.15 %
*15'/*
18
f
s
external
23%
11%
F-A
Municipal Bank extl s f 5s
24
16
■
MS
1943
.
Fnr
3.7 %
.—I960
1961
1967
1968
assented
AExternal
17'A
A-0
AExternal sinking fund 6s__
A6s assented.
A 6s
J-J
.
21
:
10%
*16%
(State)—
sink
4s
15%
82 '/4
3
■
*15'A
f
s
20%
12%
....1945
.
External
24
F-A
1984
8s
(Rep) External
A Extl
15 %
MS
Jan
88
J-J
i.7%
•
*9%
agreement
1954
;.
70
97
11
P--
11%
'
1945
7s
(City)
External
•
17%
MS
Jan
3s
a
G2'/4
-1975
Jan
3s
A08
54%
62'/4
1977
3s
AExtl
4*
52%
_
—
A 7s
51'A
>63
.1976
1970
f 4'/8-4%s
3s
A Chile
■51 'A
1961
(Dom of]f 30-yr 4s
25-year 3'AS—
A Carlsbad
A-0
MS
50'A
external s f $ bonds
30-year
2'As
55
(Province of)—
Canada
,30-year
44
A-0
Refunding s f 4'A-4'As
External read) 4%-4%8
External s f 4%-4%s
3%
54'A
57%
85
•
'
*6%' 15'A
.1958
f 6%s__________1959
A____
series
Norway
*50'A
.
*97'A
(State;—
A Montevideo
*
J-D
stamped
External
■
23%
15%
12 7 ; 24
85
6R«4
3
22
*61%
agreement
__
1904.
4s oi
ASec external 8
F-A
1952
..1957
.J—1958
1950
A7s
Buenos Aires
■
80
77
external s f 6%s__
A Sec
1-1693
NY
New York
1957
f 6'As of 1927;
s
(Central Ry)
Brisbane (City) s f 5s
A.
99
101
97
;
..1943
of 1899
5s
Mlnas Geraet*
T eletype
External
of Norway) 4s.
iKlng
10O
1954
7s
1899 ii
extl 5h oi
'US)
External
1947
—1948
6s
31
*101
1942, agreement
1910..
1945
5,1942, agreement ,7
§ A Treasury 6s oi 1913 assent
1933
Assented to Nov. 5, 1942, agreement
Municipal
6s__
89
18%
89%
99%
18'A
assented
stamped
New South Wales
tund
7
42%
99%
MS
Assented to Nov. 5,
A 6s
lund
88%
'
72
Irrigation—
AAssennne
York Stock Exchange
Broadway,
Bank (Colombia)—
86'A
72
-
10
19'%
4s readjusted..
Assented to Nov. 5, 1942,
Wertheim & Co.
sink
86 '/a
*28
J-J
Assented to Nov.
sink
Pi
;
;
87%
72
a-o
AAssenting 4s 01
AGtd
86'A
19
(Colombia)
(Prov)
Assented to Nov. 5, 1942,
/
Foreign Securities
2-2300
73
67%
69'A
;T.-..„■;
*18
f 5s
(State Mtge Bk)
6'As
AJugoslavla
AAssentine
Telephone
;
42'A
2
r<P v'i
■
a-0
1988
1952
1960
..J.S80
f 6s series A
extl 6Vas
Free State extl s
Irish
A4'As
AGld
68%
_r.iQfi4
paid
AMexico
Akersbns
45
74
47'A
17
Greek Government—
MS
3-D
1980
&
26
73
:
a-0
1967
1945
..1949
1Q4Q
7s
extl 6s__
French Republic 7s stamped
100.25
*100.27 100.29
1st series
60 %
701/2
67%
,
.
A-0
5'As 2d series_________._____.1969;
Finland
100.13
f-a
139%
61 ;t-
30'A
71'A
ao
103.16
101.10
*100.3
;
Govt.
38'%
69
M-S
J-J
...1942
5'As_
107%
106%
'■"Af-8
*101.11 101.13
*101.8
__
gold
100%
103
-■
-
External
Mexican
Mtge
.
60
104.20
103%
72%
-
.
2
142
*57
102'A
102'A
"■
57
a-o
102'A
J.'J,':'■
.
'l'
102'A
A-0
101%
100
'fyP-
■-•-
'■
142
58
29
65
100.28
AMedellln
Foreign
39
'
,
V'&P'-
60
;•■'
;; 19
104% 104%
»A.
40
10
•.'■•«.
102
:;:rt
100.26
Mendoza
Agricultural
38
y-?-.-
*103%
102
104.20
Helsingfors (Cityt
Corporate Stock
REctor
38
30%
13
•
*102%
J-D
1952
30%
;•••'
;22,;/,.:7-
*100
M-S
37
::7 l S y
V
59
■
21'A
48%
34
■:::;; v,.'7
•
i-'
64
38'A
50
60'A
58
J-D
A Public wks 5%s—________
.1945
A Czechoslovakia (Rep of) 8s ser A.1951
2
36
*101.17 101.19
—
24%
77
■Kf-AM
F-4 0
i.__7il97.7
ASinking fund 8s series B
/■'7/
59%
m-n
1949
Sinking fund 5'As
;
loTX 102~7~
102.3
4'/2s
59
59%
X MS
(Republic of) 5s of 1904™_77l944
loan
59
42
A-0
J-D
7^-7711951;
7s
8
J-D
MS
17%
m-n
External 5s of 1914 series A.....1949
M-a
MS
17%
-f-a '
•
i..L.7.7il953
100.22
Transit Unification Issue—
3%
5s
25-year gold 4V2s
City
York
New
(City)
Copenhagen
7
100.21
100.6
7 J-D
MS
28%
17%
>104.11 104.13
J-J
m-s
17'A
A-O
;.1947
.1946
,7.71947
A./1952
100
"102.1
..
17 ■/::
17%
'
1944-1952
M^—1945-1947
series A
_
107.23
100
—
J-D;
24%
17'/2
17%
A-O
__1970
bonds
f $
s
104.20
—
—
Home Owners'
external
5
*1.04.5
V,
18%
17%
-t,'
'
3
100.10 100.10
*100.8
106.10
-
24%
J-J
1961
*101.20 101.22
77k .'?•
'
17
J-D
#
Oct 1961
Jan
1927
*100.21 106.23
.;•/•
J-D
J-J
(Republic of)—
of 1928..;
of
103.24
':W;
•
25
17%
m-s
__1931
5s
103.6
100
J-D
24%
24'A
17%
m-s
....I960
106.20
__
100.2
100
100
100.2
(Hukuang Ry)
Abs
f
107.6
106
5
7,
103.11
.'•'•'.■•■
J-D
Chinese
3s
:
17.%
ms
-
^.1960
A 6s
*100.13 1C0.15
•
■
112.20
14
17%
Colombia
7:
*103.20 103.22
.-;7
■
111.29
,7;
107.2
*107
M-S
-
111.26
108.21
108.26
77;;
106.18 106.18
v.rV;
J-D
M-S
108.15
__
18%
MS
1962
;
25%
5
17%
17%
A-O
•
A
*106.13 106.15
.,'\i
M-S
7
A7s assented.-.™
s
26
18%
A-O
'/
1961
...
■
-
1962
Chilean Cons Munic 7s
A
107.10
108.10 109.11
A6s assented
..
17%
;A J-D
.
High
18
Pt
19
J-D
AGuaranteed-sink fund 6s
__
*103.13 103.15
7
■
1
*111.15 111.17
"V;'.''. i «,•■<■■■
J-D
__
111.11
*110.31 m.i
J-D
.-.v
109.3
AGuaranteed sink fund 6s
Low
19
J-D
__„_1961
..1961
A6%s assented..
•
;
■
'ff
M-S
M-S
110.27
v
year 1943
No.
:
19%
J-D
.
ASinking fund 6%s
v
Range for
Sold
High
18%
MS
ii
1957
1957
1961
A6'As assented..
Bonds
Friday's
: MS
;
..1963
1963
or
Bid & Asked
'Low
(Continued?—A ;
AChile Mortgage Bank 6'As
105.18 105.18
J-D
Last
Sale Price
Period
sinking fund 6s
A 6s assented
V;
106.3
7 100.25 100.25
J-D
/ '
Interest
14
AExternal'
;;
114.1
Week's Range
Friday
/A'/
7:7
Exchange
Stock
Ended Jan.
Week
s
Chile (Rep)
High
A-0
-—
ivas
..'
1943
Low
HO.
111.23 111.23
A-O
-
3s
year
1
'
High
Low
..1948-1951
1951-1954
2%s
2:,4s_.
Treasury
Sold
BONDS
New York
Range for
Bonds
'
1947-1932
—1944-1954
1948-1958
1944-1940
—1946-1949
1949-1952
—1946-1948
1951-1955
>.1955-1960
1945-1947
414s
Treasury
Tres.iry
Period
s. Government
e.
77: 7:.
Week's Range
Last
or Friday's
Sale Price Bid & Asked
Interest y7
New York Stock Exchange
Week Ended Jan. 14
.
Indicate in each case the month when the
headed "Interest Period"
Friday
bonds;.
;
YEARLY
-
Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions of
In the week in which they occur. No account is taken of such sales la computing the range for the year.
•
bonds mature.
,v^ 1
Interest"—except for Income and defaulted bonds.
of the regular weekly range are shown in a footnote
"and
are
and when outside
the week
WEEKLY
-
88
64
72%
61%
69
60
6P
66
72%
52'/.
66
10
13
10
13%
THE COMMERCIAL & FINANCIAL CHRONICLE
Number,4247
Volume; 159.
NEW YORK BOND RECORD
'
'"'"''BONDS
New York
Exchange
Stock
Week Ended Jan.
Week's Range
Friday
''
14
,
,
Period
.
Last
Interest
or
r
Low
Range for
year 1948
Sold
Sale Price Bid & Asked
v
"BONDS.
1
Bonds
Friday's
Vo.
High
Low
-
New York
■
11A Carolina Central 1st gtd 4s
-.-i..—.1953
*98
•
J-D
1947
10-year deb 4'Aa stamped——.1940
J-D
Alabama Great Southern Rf^-,
warrants assented——1948
with
64%
—
48%
72%
Albany & Susquehanna RR 3MtS-,-1946'
3%s registered—
1948
102
...
*103% 104.
M-N
89%
A-O
107
.
62
*84%
101V4 101%
>94%
100% 100%
93%
85
70
18
60%
131
53%
99% lOO'/a
100
1
'
income—.-
A5s
91%
89
——1950
69%
Alleghany & West 1st gtd 4s——1998
4%s debs_—1951
Allis-Chalmera Mfg conv 4s„
—1952
Am & Foreign Povdeb 5s—2030
Amer I G Cliem conv 5*/2s
Internal Corp
Am
American Telephone Si Telegraph Co.—
3 'As debentures-—-———1—1961
debentures——
3s conv
Amer Tobacco
Co
deb
>108
fund
4s
series
C
101% 102
J-D
56
54
58
82
81
82
41%
39%
41%
182
23%
15%
14%
,85
6%
19%
14%
14
108
6j/4
,35 '
19%
*54%
15%
14%
51%
27%
28%
^
37%
7
109
%
,m:.68
—.x
100%
.*102 Vk.
105 V2 6777105 %
74
61
78%
•;^.>
102
113
103%
Adjustment gold 4s—
1995
Stamped ^4s_—————1995
-
18%
40%
30
32 y4
16%
38%
29%
29
29%
16%
36
20
34
100'/«
TOO
96%
107% 107%
95%
107%
-H958
Atl & Charl A L 1st 4%s A——1944
30-year 5s series B———-1944
Atlantic Coast 1st cons 4s_—July 1952
105%
J-J
111% 114%
111% 112
107%
J-D
J-J
*101%
J-J
102
Illinois division 3%s
>97.%
77
79%
100%
100
,
,106% 11 r
83
100%
97%
78%
75%
71%
96%
755% 774%
75%
•
100%
,:"Y:
133% 134
65
76
62% 102
5
130% 137%
102 Vi 108%
4
1
102
108*%
•,_
£.
•
5 1
J. 15
107% 107%
107 V* 107 */4
'*121
>[>Y:>
118% 121
,.:*117:;::-:>,/■'■"
25% '
91%
24%
93%
71%
63
73%
92
74%
90%
J-J
33%
40
32%
115%
25%
2,209
120
15%
J-J
34
35%
29%
M-S
...1949
31%
7
92%
102%
15
93%
100 */4
104
■
20
96% 105
104%
ref
5s
series A
1971
...
97%
101
99% 101
88%
'
102%
99*/a
194
86%
96%
51%
53
-
81
193
65
85
233
88%
94%
;
96
AOen
mtge inc
(conv)._i......l997
52%
Chicago & Erie 1st gold 5s_«
,..1982
Chicago Gt West 1st 4s series A...1988
73%
92%
&
1st
21
66
77
48%
52%
28
38%
48%
53
31%
58
49%
53
203
31%
53%
47
51
71
29 Va
49%
12%
217
6%
15 Via
11%
12%
77
15%
88%
90
12
6%
66%
53
:
...1966
11%
11%
gen 5s series A..
49%
124%
80
53
ARefunding gold 5s series B—,.1947
ARefunding 4s series C..
;....1947
a
32
118
...>_■■-
78
52%
AGen inc mtge 4%s.._-..._,.._2038
tAChic Ind & Louisville ref 6s A..1947
107
139
*124
80
1st & gen 6s series B_..._May I960
Chicago Ind & Sou 50-year 4s
_1956
104
105% 105%
;YY
102%
100% 100%
'Y-^■
^.-.-..,..1949
4s
1st &
40
•
4s.
102
Chicago & Eastern 111 RR—
45%
4s_—_\———1948
Atlantic Refining deb 3s———-1953
J-D
Division
102
registered..............
1949
General 4s__.,___.„._.„...^...1958
1st & ref 4%s series
1977
104%
67%
92%
1949
3%s registered......:
Illinois
'
'
103%
102%
—>>
•
101% 101%
M-S
110
70%
mortgage
A-0
F-4
2d consol gold 4s__.._...,.
^.1989
t A Chicago & Alton RR ref 3s,..._1949
108
91
Second
107'/a 107%
100%
,
Potts Creek Br 1st 4s_—.1946
R & A Div 1st cons gold 4s.^.._1989
111%
104
M-N
N
F-A
I960
,
110% 112 Ma
71
85%
*23%
A-O
M-S
111%
105
110%
*107
coll gold 4s
Oct 1952
Atlantic & Danville Ry 1st 4s—1948
General unified 4%s A———--1964
L &
J-J
M-N
.
110
110
1st gold 5s——1946
—1987
4s.__—...
—1987
registered—.1987
Through Short L 1st gtd 4s..-.. 1954
120%
110% 110%
110%
J-D
Trans-Con Short L 1st 4s—
►112
>
107
107%
J-D
Atl Knox & Nor
1st
107%
120% 121
"107% 107 %
111%
Nov
AO
J-D
—1955
A-0
.,.1942
114%
M-N
1905—-——-1955
gold 4s of 1909——
Conv 4s of
57%
Chicago Burlington & Quincy RR—
gold 4s of 1910—-———I960
Conv
Conv
20
50
32 >4
2
Atchison Topeka & Santa Fe—
General 4s—'——1995
/^,f"
91
86 l/a
107%
108%
J-J
.
:
68%
33%
106%
>M13 ,113.%
—
'
"S3.
30%
•
,105% f cPl05% 105%
1978
100% 102 Va
30%.
57%
33
84%
102%
103%
.
17
105%
7
'
Chesapeake & Ohio Ry— >
General gold 4%s.
1992
Ref & impt mtge 3%s D_.._....1996
Ref & impt M 3Va8 series E..:
1996
110
51%
5
.;79 %
S8%
7/
14.
86'/a
§A5s stamped
105
29
J-D
Certain-teed Prod 5%s A.,>.....1948
117%
46
107 V2
48
60%
102% l05'/a
33%
registered...
Guaranteed gold 5s
Central RR & Banking—
110%
68
A-O
__.._.1982
Centrul Pacific 1st ref gtd gold 4s-1942
110%
110,
,
101
8
'15
J-J
.;
107
'tv 7
A-0
Central N Y Power 3%s_.
91%
107%
115
F-A
"M-N
„
A General
106
107 Va
>:,';l6
56
105%,
-J-J
5s
110
107%
107
55%
t A Central of N J gen gold 5s...—.1987
4s
23
107
55%
Central Illinois Light 3MiS--.-—-I960
t A Cent New Eng 1st gtd 4s——1961
106
N37
-
-Nov 1945
1945
A Ref & gen 5%s series B—.-.-1959
,
107
:
ARef & gen 5s series C———1959
AChatt Div pur money gold 4s—1951
A Mobile Div 1st
gold 5s
—1940
94
69%
104
21
.108%
779% r
(Del)_l957
——.
"7
109
■fi
AAnglo-Chilean Nitrate deb--.
1967
1st gold 4s———1995
Ark & Memphis Ry Bdge & Term 5s 1964
Armour & Co (Del) 4s B—.
1955
sink
102 '
"
; :
:
.104% 104%
104%
—1962
Ann Arbor
1st.
78%
"
115% lib V
115%
Am Wat Wks & Elec 6s series A—1975
7s income debentures
J-J
100%
95%
103%
7
107% 108%
107 %
1956
3s
180
106%
1955
'
debentures—-.——I960
3 'As
107
105%
22
r
89%"7
"107
>102
1;
103% 104'/a
S'/ks.—--1949
conv
106%
87%
>
103%
62
4
105
106
88
>
69 Va
105
106 Va
-.—1949
89Vb
67
'
105
Allied Stores Corp
93
89
:'::'-7r
High
62
107% 110%
105
100%
modified.,.;..-,.k-.,*..,_,,-1950
5s
357
\ 5
■
105
101 'A
A-O
7 7.,7'
J-J
90%
A-0
100%
F-A
—
90%
A'O
99
109% 109%
—
juvtc
M-N
:
tCentral of Georgia Ry—
A 1st mtge 5s
8 A Consol gold 5s,
110
62
—
NO.
1962
"
105%-
90
100%
M-S
Range tor
year 1943
Sold
High
ACent Branch U P 1st gold 4s—..1948
•
101%
107% 107%
J-J
Bonds
Celanese Corp 3%s debs^
Celotex Corp 3%s debs.
103
103% 106
104% 104%
F-A
Low
'7'"
J-J
->1965
Week's Range'
or Friday's
Last
Sale Price Bid & Asked
Cart & Adir 1st gtd gold 4s—>->-1981
104%
*100%
Alleghany Corp—
'
5s modified.-i———iw——1949
■
.1949
-Friday
.
Carriers & Gen Corp 5s w w—>—1950
71%
76%
102
>
1st mtge 3'As ser A
——-1967
Alabama Power 1st mtge 3%s.4.„1972
Albany Perfor Wrap -Pap 6s__,—.1948
6s
•
.
104 % 104'/a
Af~S
Coll trust 4s of 1907—,—,.
,
72%
J-D
Adams Express coll. tr gold 4s_,._. 1948
Y.
Period
Carolina Clinch & Ohio 4s
SA5s series A unstamped———1953
Stamped
.•
Interest
,;i
Railroad and Industrial Companies
.-A
■
Exchange
High
JAbitibi Power & Paper—
>
Stock
Week Ended Jan. 14
a
V11
■
90
4.
;
93
tChicago Milwaukee St St Paul—
AGen
4s
series
A
..May 11989
B-.Mayll989
76%
75'/a
79*A
70%
69%
71
4%s series C__.__.May 11989
AGen 4%s series E
_7,..May 11989
78%
76%
79 V*
76%
AGen
79%
77%
48%
AGen gold 3%s series
.
:
AGen
7
Baltimore
St Ohio RR—
4s——July 1948
SLainped modified bonds—
1st mtge gold (int at 4% to
A-0
1946)
due—-July 1948
A-0
Ref & gen ser
Dec 1 1946)
A (int at 1% to
due--———1995
-1st
mtge gold
Oct
1
'
77%
59%
350
78>>7>
73%
75%
4%s series F
May 11989
AConv
75%
60%
562
80%
43%
74'%
113
40'/a
70
386
44%
79%
79%
270
45
78%
79%
135
45%
79
46% 49%
12% .14%
:
435
'
2,480
18%
47 %
3,948
4%
16 */4
tChlc Milw St Paul & Pac RR—
AMtge gold 5s series A--..-,-._1975
79 */a
:
79
>•'
>
:
V14
adjustment 5s.-.-.Jan 12000
,
>
77%
'
to Dec
J-D
44%.
J-D
49%
■42%
'i: ,v.:;
C (int at 1 Va%
Ref & gen ser
532
*i
165
,">•35%
/
44%
••
.
32%
52%
-1.:--**"•;
-.;
(Chicago Si North Western Ry—f
A General gold 3y»s
-...-...1987
; I
3 y2s registered
1987
at 1 %. to
Sep 1 1946) due——--—2000
Ref & gen ser F (int at 1% to
;
'
Sep 1 1946) due
—1996
AConv due,—-—:—Feb 11960
:
Pgh L E St W Va System-* >.
Ref gold 4s extended to—1951
S'west Div 1st M (int at 3%%
'
v
to. Jan 1 1947) due
-1950
Toledo Cin Div ref 4s A———1959
}
48%
49%
57
>
7.
44%" *.
345;
32%..
52%
188
32%
52%
24%
37%
51%
70
M-S
44%
M-S
44%
43
F-A
34%
33%
34%.
M-N
71
66%
71 */4
151
310
.•
.43
-
u
-44%
65%
65%
66
17
30%
64
67 y4.
66%
67%
97
33%
65%
registered...:.—...__J.__..1987
7 AStpd 4s n p -Fed inc tax——1987
M-N
'66%
66 Va
1 67 77.
20
32
60%
M-N
j
..
>
630
V
.
CO
58%
60%
61
59%
61 y4
66%
69
68%
69
69%
68%
32%
13
67
M-N
tax—..—1987
137
:
f
69%
;
i
64
33%
50
64%
34
67%
33%
176
67%
62
65%
83%
82%
83%
136
39%
81%
ref gold 5s.—,
May
A 1st & ref 4%s stpd—-May
46
35%.
M-N
A 1st
40%
72:
M-N
66%
A4%s stamped.
.1987
§ASecured 6y2s_——.1936
&
J-D
52%
51
52%
110
23%
50
J-D
52
50%
52
22%
50
A 1st
&
J-D
52
50%
52
23
50
M-N.
14%
12%
14%
75%
75
76%
26
68 Mr
63%
68%
1,844
M-N
—
•
J-J
«
M-N
inc tax——1987
AGen 5s stpd Fed inc
,
J-J
4s
AGen 4%s stpd Fed
'
•
■
61%
7:
1 2037
1 2037
—May 1 2037
ref 4%s C
211
122
>
•
ACohv-4%s series A
——..,1949
4,005
4
•
15
(8 A Chicago
Railways 1st 5s stpd
25% part paid——————1927
(AChic R I Si Pac Ry gen 4s_.——1988
ACertificates Of deposit—
8 ARefunding gold 4s.
—...1934
Bangor St. Aroostook RR—
7
•
■"•-u
gtd 3s—1989
Beech Creek Extension 1st 3V2S—1951
Bell Telephone of Pa 5s series C—-1960
Beneficial Indus Loan 2%s——1950
2%s debentures—-——-;——1956
Beth Steel 3 %s conv debs
-1952Consol mtge 3143 series F——1959
Consol mtge 3s series G—
1960
Consol mtge 3148 series H_
1965
Battle Creek & Sturgis 1st
75%
23
76%
75%
76%
4s,——-—,————1951
stamped—————1951
Con ref
4s
66
65% :
M-N
A General 4s
|
Ref St gen ser D. (Int
'
M-N
>..._.7,...-1987
,
1 1946) due——1993
76
-
99%
129
100
100
105 */a
99%
129'/a
15
128%
132 y4
§ ASecured 4y2s series A—,
99%
98%
100%
AConv
7:: >103%
105%
y
/
J/
'
100%
,
i
20 :
">
105% 105 */8
103%
105%
103
41
1952
46%
41%
47 Va
9%
8%
77
33%
64%
35
61 */4
5,461
3,090
91%
19
38
20'A
41
1,521
10
91%
46%'
twL.Y-Y.
4%
13%
70
75
53%
*71
92*A
67
YY 1
71
-
103
102%
5
38%
—
106
102%
;
21
40%
gold 4%s———1960
Chicago St L & New Orleans 5s—1S51
Gold; 3 %s
.—,—.1951
Memphis Div 1st gold 4s———1951
101
100%
>1.,
:
105% 105%
V
•
•
•
——
82%
102% 102%
,
49
10
>104% 104%
102%
"76%
45%
99%
*100% 100%
••
•76%
60
'
99%
129
59%
.
4.
*48%
Chic 1Southeastern 1st 5s
s
Income. guaranteed 5s—
64%
65
25
,
74
75
15
61%
1960
Dec 11960
67
125
62%
75
49
62
55%
56%
'
'„•
Big Sandy 1st mtge 4s—u.——-1944
Boston & Maine 1st 5s A C—
..1967
1st M 5s
103
'
93
-
/ >".
93
,92%
*101%
series II————1955
*93
gold 4%s series JJ__—— -1961
4s series. RR—————I960
mtge 4%s ser A—-—July 1970
t A Boston & N Y Air L 1st 4s——1955
1st
1st mtge
85
A Inc
54
1/11''
.'
"
..
"■
92%
7
80
■
91
55
■'
45 ' :7-":
73%
86%
39%
58
23%
27
108% 109
3(48—-——1966
*100%
Bklyii Union El 1st gold' 5s--_——1950
Bklyn Union Gas 1st cons gold 5S.1945
1st lien St ref 6s series A———1947
Debenture gold 5s.__1950
1st lien & ref 5s series B—
-1957 Buffalo Gen Elec 4%s B———1981
Buffalo Niag Elec 3%s series C—-1967
Buffalo Rochester & Pgh Ry—
;; <
Stamped modified
(interest at
3 c!c to 1946) due.-——-———1957
(Burlington Cedar Rap & Nor—
5 A 1st & coll 5s—
A Certificates of deposit—:
■
■
\
J.
>
r
•''.'•
95%
105
106
103%
105'/a
109 Va
83%
96%
99
5
*109
105%
110
35
115%
109
com
110%
46%
48%
340
35%
50%
24%
,21%
21%
24 V'2
639
11%
23%
23%
11
22V4
*90
91%
23%
4s,—-—,,—.1952
5s—-------——1955
Bldgs 5s gtd——
1960
\_
Consolidated
71
•
t,.
74
86
y,
:
•
69
"
:
81
•
92
19
58
75
11
87
>>■
109%
J-J
102 %
J-J
4s—.—1952
104%
104
Cincinnati
cons
77
88%
California-Oregon Power 4s_____„l966
Canada Southern
cons gtd 5s A—1962
Canadian National gold 4>/26_.
-1957
Guaranteed gold 5s_—.
,July 1969
Guaranteed gold 5s——:„,Oct 1969
Guaranteed gold 5s_——,—,.11970
109% 109 %
A-O
95%
A-0
116%
J-J
J-J
'•—/
J-J
>-/ :
J-D"
Guaranteed gold :4%s———1955
Guaranteed gold 4%s_—,,..>..1958
Guaranteed gold 4%s,—1_1_,._1951
Canadian Northern
Ry deb 6%s.,_1946
JtD
Can Pac Ry 4%
F-A
F^r
trust
-
.
111%
106% 109
11
11
116 Va
3
117% 117%.
113%
118%
113% 119%
1
*115 % 116
7
■•1131% 118 Va
1
,111% 118
26
.111% 111%
•
footnotes
4%s._
see
page
-I960
J-J
111% 111%
86%
101%
llOVa 114
8
86%
12
101% 101%
11
86%
111%
71 %
101%
113%
88 %
105
'
J-J
M-S
ao5%
9
104% 105%
100% 101
:
.18
105%
56%
57
21
41
A-O
54
55%
46
38
62%
64%
79
28%
59%
1
107%
111%
110%
112
108%
110%
109%
113
108% 108%
1st mtge 3%s_.—1967
Cin Union Term 1st gtd 3%s D—1971
J-D
*108% 110%
& Elec
Gas
1st mtge gtd
General
M-N
*109% 109%
F-A
3%s series E_...—1969
Cleve Cin Chic Si St Louis Ry—
*112
.1993
—
'
.
68
4
90%
J-D
1993
gold 4s
•
;.,-7 7.;
97
90%
J-D
90%
71
89%
90%
*91%
—1977
J-J
60%
59 VB
60 VA
85%
46%
Ciri Wab & M Div 1st 4s—L—.1991
J-J
56%
55%
56%
46
St L Div
M-N
83
83'A
107
107%
Ref & impt 4 Mi s series E
1st coll tr
gold 4s,—1990
Cleveland Elec Ilium 3s
J-J
,—1970
Cleveland & Pittsburgh RR—
Series C 3V2s gtd_.—_—.1948
65
,106%
;
F-A
n
*106
Si
gtd.,.:
ref 4Mi8 series B__.
1981
1st
s
.
95%
A-0
85
A-0
76%
80
86%
87
55%
7
105 a «106
•
57
96
173
A-0
86%
":,; 64 %; 'f"87 %
: 59%: .78%
—103% ;io4
-141
J-D
1945
Colo Fuel & Iron 5s inc mtge——1970
V-
•
93
A-0
f 4y2s series C———1977
ha
*
A-0
Coal River Ry 1st gtd 4s
■
lQ??V.-jL08
*106
J-J
^lQ5(,i"l08
%■
*108
F-A
3%s
58%
83%
109 '/a
a
M-N
——1950
Series D
61
•
"16
r 80
93%.
96
118%
'
deb stk perpetual'
equipment trust ctfs__-—_—1944
Coll trust gold
5s——,—1954
5s
Collateral
117%..
79
4
II6V4 116%
116
A-0
F-A
,
102%
108 Va "109%
16
-106% 106%
__
J-J
:t;
96
116% 116%,
<
102%
7
105%
97
M-N
F-A
1st
102%
105'A
94%
A-0
gtd 4y2s_—.1961
Cleve Union Term gtd 5%s—_
1972
1st s f 5s series B gtd^-.—1973
102
.
5s_....1952
SMiS——--1966
Gen
A-0
100
16
12
104%
-1957
(AChoctaw Ok Si Gulf
Cleve Short Line
1968
107% 110%
25
102 Va 103
.104% 105%
General 4%s series A—,.——1977
California,; Elec Power 3%s,__..>
..
58"
109% 110
M-S
General 5s series B
47%
1934
J-J
—1963
—1963
ADebenture 5s
104%
10
111% 111%
Chic & West Indiana
.12
..
( AChllds Co deb 5s————1943
HI
101
1
95%
106
108%
101
/
Chicago Union Station—
1st mtge 3%s series E
1st mtge 3'/8S series F
59
46
15
109
111%
Bush Terminal 1st
Bush Term
3
;.-
103% 103%
109
:
':L—
;
ACertificates of deposit.—.—.—.
1st & ref 4%s series D——-19b2
:
Bklyn Edison cons M
- r;
94
101%
106
85%
54
44
78
V
—'—
■
84
45
■:
"
52%
>.
■'
■
95% 105%
91
101%^
Colorado & Southern Ry.—
4%s
(stamped
,
,
,
M-N
modified)—,—1980
Columbia G & E deb 5s
Columbus & H V 1st extl
gold 4s—1948
Columbus & Sou Ohio El 3!/4S—1970
Columbus & Tol
1st extl
57
;
104
103%
•
109
;
109
,
*113%
May
IIS!,
Commonwealth Edison 'Co—f'
1st mtge 3%s series I—
J-D
110% 110%
110
111
Conv
debs 3%S—:
117
'
—1958
J-J
107%
111
112% 112%
F-A
—1968
103%
1093A 110%
109
4s.,——1955
ACommercial Mackay Corp—Income deb w w—.Apr 11969
'
53%
92*/4 104%
88
103% 104
*108%
A-o
.M-S
46'/a
;
"103% 104%
M-N
J-J
May 1952
Debenture 5s.—1961
54
114
111%
108% 115%
108%
236,
J
'
or
Interest
14
Last
Period
Stock Exchange
Ended Jan.
Week
Week's Range
Friday
BONDS
New York
Sale Price
.1951
-1961
1961
Conn River Power s
Consolidated
F-A
1951
Ry & L 1st & rel 4%s...
f 3%s A
Conn
York-
1940
.1948
3'As debentures—.—
1948
.1956
3 %s
debentures
1956
1958
3'As debentures
1958
.1951
Consolidated Oil conv deb 3'As—1951
.1954
tAConsol Ry non-conv deb 4s
1954
1955
A Debenture 4s
—1955
.1956
ADebenture 4s
1956
Power Co—
Consumers
,.100% 102%
101'A
101'/a 102'/a
11
100%
104%
A-O
105
104% 105
10
103%
107%
106'/a 106%
4
104'A
108%
108'A 108%
/v :.:■■■ 12
106
109%
105 '/a 105 'A
3
103%
105%
53
.';,v 31%
'51%
/ J-J
106%
A-O
J-J
"s
.
105'/a
J-D
48'A
J-J
491/8
3-3 '
49
J-J
■:
49
'
•
.
50
49%
47'/a
.1
•
47%
49
M-N
M-N
108% 108%
-
receipts.
5s gold—
receipts
Deposit
*46
A7'As series A
Deposit
A
series B
A 6s
A
Deposit
3-D
54
extended to
J-D
1955
A-O
'
82
60 ;
58%
55%
1952
-1950
4s__^_
.1956
A
40
51%
39%
26%
101
96'A
B.>
61
47'A
61
"3
48 '/a
65
12
62»/a
80
60%
369
47%
60
55%
161
43'/a
56%
99%
22
46
49
61
67%
101%
lien
1st
&
18%
Debentures
1955
5s__
52%
6'/a
24%
23%
48'%
47%
59'A
161
63% >-■
104
107
48%
23%
70
38%
229
;9-
107%
..
102'/a
105%
7
104'A
104%
107%
92
101'A
4
95%
102'A
142
*96%
63%
80%
66'/a
85'/a
•
101% 102
76%
75%
80'A
79% .,82 ,:.':;
3
MS
i <■
102%
104
24%
>137
47%
44%
62%
F-A
>:/
.1951
4s.
IA Iowa Cent Ry 1st & ref
45
47'A
3-3.
101%
382
19
F-A
..
1952
.Int Telep & Teleg deb gold 4'As
17'A
47 Va
M-N
1947
6'As
ref
106%
372,
52V4
104'A
47'A
108'A
104%
5
;
.
52%
)
24%
48
:
48%
J-J
A-O
J-J
MS
gold 5s series C
99%
82
108'A
103
*101
77
102%
101% 102
>
-
J-J
1956
„
1956
6s..———1944
Internat Paper 5s series A & B—1947
Ref sink fund 6s series A
1955
Int Rys Cent Amer 1st 5s B__
1972
A 1st
48
42
e.
Internat Hydro El deb
40%
»■ 27%
"?
42
75
62'A
'108% 110
106
106%
106
>>>J^>>
series A—July 1952
A-O
Adjustment 6s
Alst,5s- series
44%
21
58
98'A
49
t Alnter-Great Nor 1st 6s series A.1952
45%
53 %
-
63%
53'A
98'/a
A-O
38
*
101%
*101
.l
78%
1947
30
'V
'
•
45
43
44%
*87%
82
Interlake Iron conv deb 4s
36
.'•*52 ■
1946
78%
5
3
15
80
67%
67'A
Inspiration Cons Copper 4s
9 8'A
6
8
97
*59
111'A
19
•v:r4345T: '$1
45
receipts.—
extended to.'.
receipts
45'/a
54%
85
79%
103%
/
>27
28
:
42'A
70
3-3
J-J >>
M-3
A-O
A-O
93
*52
"''.'"■■'■U-v'V
ist gold
Ind 111 & Iowa
111%
109%
32'/a
60
43%
•
45%
44%
280
97.;
60%
62
Indianapolis Union Ry 3'As ser B..1986
Inland Steel 1st mtge 3s series F—1961
>
•
41%
60
J-J
1946
10
98'/a
98'A
$■
*--»'■•■.
52'A
*95
108'A
,
6
108% 108%
V
J-D
1952
Deposit
A
tAInd & Louisville 1st gtd 4s
106'/a
9
67%
50'/4
52'/2
110
109
'
*102% 103
J-D
44%
A
108
110 :;" 112%
■:
'
A-O
1955
/
56%
F-A
series A
High
127
111 Cent, and Chic St L & N O—
51'A
1943
year
Low
No.
69'A
69'A
101.
*109%
MrN
1950
Cuba RR 1st
;
1 '
111% 112
1942
-
8
M-N
1969
—.
32 ; V
108% 108%
M-N'
1966
2'As s f debs—
Crucible Steel 3'As s f debs.
...
—1963
1st & ref 4'As series C-—1963
1970
mtge 3'As
33
Sold
67'A
M-N
F-A
J-D
J-J
J-J
F-A
J-J
J-J
J-J
.
Range for
Bonds
High
Low
■
J-D
3-D
4%s
Cairo Bridge gold 4s
Litchfield Div 1st gold 3s—
51%
10
;;
'
40-year
Joint :1st ref 5s
1967
1st
■
16
1965
Crane Co
.
1 !> C '
.—1955
-1966
,-1950
1951 Louisville Div & Term gold 3'As_1953
Omaha Div 1st gold 3s
1951
St. Louis Div & Term gold 3s—1951
Gold 3'As.
4.
1951. A
Springfield Div 1st. gold 3'As
1951
'
Western Lines 1st gold 4s
—1951
108% 111
4
110'/a 110'A
J
Week's Range
or Friday's
Last
Sale Price Bid & Asked
A
Refunding 5s
2
103'A 103'A
,[y
v
■
,
,
Illinois Central RR—(Continued)
114
103'A
1V*
'
.1940
debentures
3'As
113%
—
£
j--V':"
Hioh
Low
No.
,
14
Week Ended Jan.
Friday
:/;• v
Interest
Period
.
.
New York
1943
year
A-O
.1953
3'As s. f. deb
Cigar
Consolidated Edison of New
*113'/a
J-J
'
BONDS
Stock Exchange
.■
.
Range for
■/
Sold
High
Low
■
•,
Bonds
Friday's
Bid & Asked
-
Monday, January 17, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
234
i>;
398
;
1%
11
3%
6
D
L 1st mtge 3s
Dayton P &
—
*770
Union Ry 3'As series B—x965
Delaware & Hudson 4s extended—1963
Delaware Power & Light 3s___u—1973
t§ ADen & R
§AConsol
5s series
ARef & impt
M-N
>
103
.
>
576
21%
50
51
55
22 '/a
5%
44'A
43'A
■
62
4%
A-O
Vv:"' "^'2
44%
3%
293
18%
'"
,i
.
.
12%
& ref 3s
Shore & Atl gold
Light 1st M 3%s
Duquesne
20
'/•'"V
—
105% 106%
*—
99
99
MS
;"5
A-O
30
34
99'A
Kings County El L & P 6s—
33%
22%
—.1961
1961
1997
!
unguaranteed
—1954
A-O
Minn Nor Div 1st 4s
-1948
& Ga Div 1st 5s——1956
Ed El 111 (NY) 1st cons gold 5s—1995
Auto-Lite 2'As debs—
'stamped..
5s
1995
2015
1947
3-3
38
93
92%
103'A
'
106%
106
*103%
65'A
55 y:
193
66'A
*~
u-s
1971
v
—
10 7'A
104'A
99
ref 5'As series C
&
ref 5'As series
Lautaro Nitrate Co Ltd—- /
A 1st mtge income reg—
"■
102'/2
M-N
Lehigh & New Eng RR 4s A
102%
__
*114'A 120
J-J
76'A
55
99'A
99
99'A
JtD
.1982
98%
M-N
44 %
12%
7
12%
25
*103%
97%
;
—
44'A
38 Va
4%
15
.
4%
14%
102'A
103%
80%
n
99'A
22
98%
Oct 11945
—1934
t§AGa Caro & Nor 1st ext 6s__
25%
fAGeorgia & Ala Ry 5s
', j-j
1956
j-d
Gotham Hosiery deb 5s w w.
1946
M-s
Grays Point Term 1st gtd 5s—
Great Northern 4'As series A__
1947
1961
106%
: .19
„
General 5s series C
1973
,
53
14
30
'102%
102% 103
j-j
102%
102% 102%
j-j
93'A
—1967
3%s series 1
,
101% 102
102
92'A
91
2015
j-j
series A...
*.:■
1952
>>
>
72
99%
112'A
92'A
108 'A
83'A
102%
4%
v
'■
»
debentures
& Ark
3s
83%
100%
Louisiana
105'A
Louisville Gas & Elec 3'As_i
22
99
103'A
Lou
;
75'/a
91
27
'
•V
1st
&
t§AHousatonic Ry cons gold 5s___1937
debs
1954
f 5s series A—1962
1st
&
ref 4'As
54
69%
1st & ref 4s series D_.
Hudson
Co Gas 1st gold 5s
Hudson & Manhattan 1st 5s A
series
68
8
105 '/a
- '
> >•
2
97'/a
102%
"
106
109'/a
111%
127
*130% 132%
k
107
80
1
103
221
40'A
96
86
85
89'A
87
83
93
75
71%
73
64 ::>•.
74%
6
70
"■
63%
8
116%
68
70
116
46%
61%
29'A
161
19%
31
.
1949
M-N
1957
F-A
>: 57%
55%
—Feb 1957
A-O
28
27'A
59%
71
44
66
18
;
:V
57%
59'A
62
64%
67
35
62%
75%
35%
34%
35%
311
29%
42%
34%
34%
5
28'A
40
38%
37%
38%
.75
32%
45
5
31%
41%
.
35'A
36
•42'/4
44
74
67%
62
—
43%-
M-N
A-O
65%
67%
106
J-J
' 6:.
104'A
109%
3
'>./
121'A
123'A
107%
103 %
104
104
120% 120%
102% 102%
94%
103'A
;98Va
104'A
*102%
104%
98%
16
2
120
122'A
90
V
101
102'A
228
78'/a
94%
11
108 »A
111 %
102'A
99
102% 109%
M-S
8
104%
104
98%
105
99'A
*103%
109%
v
107%
*105
J-J
M-S
/:
■'
105%
*107%
F-A
J-O
75
123%
~6
121% 121%
-
50
35%
55%
106
106%
aV
104 A 104
104 n'
A-O
F-A
•
115
'122
A-O
■
*
t
104'/a
—
2003
li—d.
2003
>
2003
3'As series A ext.—.1950
mtge 4s series B ext
1960
Unif
gold 3s
1st gold 4%s__
108
A-O
A-O
A-O
A-O
105
100%
96%
103%
3-3
J-J
1946
107%
M-S
M-S
J-J
1945
1952.
4s
/
10
103'A
104%. 195%
60
94%
100%
96%
.38
88'A
107% 108
100
95%
103% 104
■107% 107%
94%
*104
103
1955
3-D
1960
J-D
M-N
M-S
M-N
*111
M-N
1945
4s
*
108
105 Va
100
95%
85
135
17
102%
105%
23
106%
109%
103
105
*103 % 104%
F-A
.1980
Paducah & Mem DiV' 4s__t.
monon
■
j
118%
57'A
57
73
61,^4
v-V''-
34%
62%
117'/a 117'/a
■
87
78'A
94'/a
104%
95
105'A
—
103Va
110
103%
94
111'A
40
—
88
'!
88
105'A 105'A
'•> 59
98%
7
133%
1
85'A
88
M-N
73%
78
'
M-N
Unif mtge
South Ry joint
M-N
52
98
••,.75;:"'
94% 101%
96
*66%
70-
'
...2003
C
Atl Knox & Cine Div
J-D
'
*66%
Jfcf-N
,
1945
~
ref 5s series B.;
94%
97
'
111'/a 111'/a
>v;A>> ■!
3-3
89 %
98
*84%
67
..1966
gtd 4s.
15%
9
48
72
& Jeff Bridge Co
Louisville & Nashville RR—
St Louis Div 2d
1999
93%
10
101%
*95%
59%
1S65
1st 5s series A
69%
126
17
69%
H
Hocking Valley Ry 1st 4%s
99%
83%
93 Va
58
257
70
105
--
85
11
98%
98
101
'
99%
85'A
80
>98%
98'A
101
98%
'
=
23
:
"
1949
1949
——1951
.1963
LoriJlard (P) Co deb 5s___.
Mob & Montg
AAdj income 5s
93%
A-O
M-S
M-S
M-S
99%
89%
*97
M-N
s
99%
M-N
1st & ref 3%s series E—
3-3
A-O
4'As
99%
99%
*88
1962
stamped—
4s
;\"V!
1969
Oil
104%
1%
3
61
99
93%
..—1950
1949
Long Island unified 4s^
Guaranteed ref gold 4s
112%
'
•
.'
109
15%
16%
j-j
1961
Coal 1st
108'A
100%
—r
.99% 100
F-A
1955
Long Dock Co 3%s ext to
102%
67'/a
Fteb
Gulf States Steel s f 4'As
Hudson
106%
108%
105%
>
6
99'A
J-J
;;
1944 '
debenture——1951
5s
46
s
94
*64
Gulf States Util 3%s series D...
Houston
.
4%
*4%
^
99'A
v...
_1965
Little Miami gen 4s series A
25
175
99% 100%
Feb
B_ —1975
M 5s stpd...
ref Term
1st 50-yr 5s gtd
& Eastern
101%
30
A.,
100%
j-j
Ship Island RR—
&
■
103% 104
103%
f
F-A
'
109
22
107'A 108%
108
j-j
•■:
112%
112
■
1st
v'
*106% 107%
...
Liggett & Myers Tobacco 7s
35
110% 110%
110%
3-j
1946
mtge 4s series H
99'/a
97
9 J-J
West deb ctfs A.
ADebentures ctfs B
•
103%
19
1977
series G
AGreen Bay &
&
105
107
*109
'
...
1976
General 4'As series E
AGen mtge inc 5s
"
*106%
'
55%
C
1946
General 4'As series D
Gulf
88%
170% 175'A
*170
F-A
Lehigh! Valley RR—
4s stamped modified——1—2003 *
4s registered—i___.
.......2003
4'As stamped modified.———.2003
4'A-s registered.—.—.2003
5s stamped modified
;
2003
34%
*99
3-3
Gulf Mobile & Ohio 4s series
103
91
*101% 102
j-j
1952
mtge
95
83
'
'
General 5'As series B
Gen
5
25%
106% 107
j-d
1st 4'As
98
23
23'A
102%
Gen
93%
93%
*93'A
«
Libby McNeil & Libby 4s_
/'
101% 102%
51
j-j
General mtge 4s
85
F-A
.:
:
.
Uv:ty:/r r
j-d
j-j
F)
61
46
*88%
'
Co cons 5s_ —1949
Castings 5'As—
(B
111% 118
z'Xx-:
93%
A-O
M-S
'
1949
Goodrich
78%
105% 110%
58
J-J
1954
1954
1st & ref sink fund 5s_
—1964
5s
stamped..
—1964
1st & ref sink fund 5s.:
—1974
5s' stamped—A
11974
Leh Val Harbor Term gtd 5s_u—.1954
Lehigh' Valley N Y 4'As ext..
.1950
Lex
Steel
75
69%
21
■'
Lehigh Valley Terminal Ry ext 5s_1951
Gen
62 %
32
>:>
*91'/a
Deo
3-3
••
19%
3
12
12
3-D
1956
1956
debs
Sugar coll trust 6s
45
12%
m-n
99.
20
185
43'A
44%
MS
103'A
112
83
42
Machinery Corp 3s
Gas & Elec of Berg
89
*52%
J-D
1975
1965
4s—.1945
stamped.
5s
105
9f
24
102 % 102'A
*102%
M-N
ACertificates
Francisco
91
61
*
,
^
Lehigh Coal.& Nav- s t 4'As A_—1954
Cons sink fund 4'As series C
1954
Lehigh & N Y 1st gtd gold
RR—
(Proof of claim)
of deposit
§A2-4s
Food
61%
64
71%
76
108% 109%
miS
98%
V 80
*114%
...
F-A
A J-D
i—1997
registered—
3'As
100 %
67"
65'A
deposit
of
.
108%
A-O
> F-A
extd 5s—
1945
.—..1953
D
1960
Lake Sh & Mich Sdu gold 3'As.-—1997
&
Coll
80'A
65
100'A
102
66'A
;
M-N
1961
Flintkote Co 3s debs—
—:——1958
tAFlorida Cent & Peninsular 5s—1943
iFloriaa East Coast 1st 4'As——1959
A 1st & ref 5s series A—
—1974
ACertificates
69%
74%
71%
.76
MS
M-S
M-S
1961
3'As
Coll
.
102'A
3-3
& Rub 3s deb
tFonda Johns & Glover
16
■
Lehigh Valley Coal Co—
1st & ref sink fund 5s——
Firestone Tire
324
77
J-J
Gas Light
Laclede
82'A
103
100
—
106'/a
64
89%
*81%
3-3
1962
3'As
1st mtge
81
77
151%
102'A
10
90
88
88
A-O
-
Railroad Co—
1st cons M 4s serias B—
A Gen mtge inc 4'As series A
N Y & Erie RR extl 1st 4s
Div
99%
78
108%
100 »A
5
102% 102'/a
—
A-O
Erie
Ohio
99%
V'"
111
148
*148%
MS
.-1965
Fuel 3'As—
Empire Gas &
2
in
102'A
3-D
1970
3'As
in
—
A-
3-J
1950
107
103
*106%107%
--
M-N
Tenn Va
Elgin Joliet & East Ry
El Paso & S W 1st 5s
96%
J-J
—1954
1st 5s^
Kings Co Lighting
1st & ref 6'As
107% 111%
Koppers Co 1st mtge
East Ry
Elec
67
94
^ ; >\ £&££
-(1V i.Vv \
East
46%
28
81
A-O
J-J
J-J
J-J
J-J
' J-J
J-J
J-J
A-O
Kresge Foundation 3% notes—1950
tAKreuger & Toll 5s ctfs
1959
£.»v.
48
96%
...
impt
—
4'As
109
106'A
19
&
Plain
102% 103%
33
25
109%
3-3
51
85%
1
108% 108'A
,109% 110
30
3-3
112%
30
>'5->
Ref
107'A
40
:
26
102% 102%
'
-
2
27
99
M-N
109 '/a
7
-
Kansas City
112%
103%
•
.
41 'A
41
deposit—.
6f
Southern Ry 1st 3s—1950,
5s_——Apr 1950
Kansas City Terra 1st 4s—
1960
Kentucky Central gold 4s
1987
Kentucky & Ind Term 4V2S
1961
Stamped —i..
—.1961
100%
109%
22
ACertificates
■20%
6%
89
■
*110%
%&
'
>>
•r
*101%
110% 110%
J-D
1937
1965
5s
*.
rr.'h
J-D
& Tunnel 4'As
19bi
Dow Chemical deb 2'As
—1950
Dul Miss & Iron Range Ry 3'/aS
1962
J§ ADul Sou
••
J-D
Tenn
Detroit
:>
110%
M-S
series G—1966
series H
.——1970
Detroit & Mackinac 1st lien gold 4s 1995
ASecond gold 4s
1995
&
Gen
'•■'<
M-3
A-O
mtge 3'As
ret
Gen
*18'A
J-3
ctfs——1935
1947
1965
Ft Dodge 4s
-
A-O
A-O
4s__1990
gold 4S-1936
Kanawha & Mich 1st gtd gold
45
f§AK C Ft S & M Ry ref
Plains Val 1st gld 4'As
Detroit Edison 4s series F__
tADes
65
96%
K
12%
3%
58
5%
4%
:
■
JADes M &
64%
96'A
50%
5%
4'A
■
65
J-D
J-3
49%
F -A
F-A
Laughlin Steel 3'/4S—
Jones St
4
50%
—.1959 A;
.1961
James Frankl St Clear 1st 4s
80%
74
790
48%
50
J-J
B———1978
108%
103
>
86'/a
105'/a 105'/a
49%
J-J
to plan).—
104%
20 •:
.
80%
85%
A-O
gold 4s—1936
1936
Aug 1955
G 1st cons
gold 4'As
tADenv & R G W gen 5s
AAssented (subject
*103
J-D
Dayton
106
106
106
J-J
105%
M
Maine Central RR 4s series A
Gen
mtge 4'As series A.
Manati Sugar 4s
sink fund—Feb 1 1957
AMa'nila Elec RR & Lt s f 5s—
*
I
A Manila RR
1953
(Southern Lines) 4s
1959
91
92
52%
56%
69%
69'A
84%;
81
68%
33
94
47%.
12
56%
59
56
50
*32%
70
45'A
*54%
49'/a
50
'
...i
■
Illinois
Bell Telep
23/4s series A
Illinois Central RR3
1981
A—1981
1st gold 4s
1st gold 3'As
II
r
jx?}
3'Ai::::::~l
sterling...
Sanded3s gold
ist
1st gold
Collateral
trust
gold
4S—II
lines
Collateral trust
For
footnotes
3-J
—1952
gold
see
4s__.HI2lIl953
page 236
34
97
J§AManitowoc Green Bay & North¬
Marion
Steam
Shovel
1947
J-J
A-O
A-O
Q-A
A-O
M-S
A-O
F-A
.1941
gtd 3'As
s
f
6s.
63%
65%
63
61'A
63
J-J
59'/2
58%
59'A
M-N
63
61%
63
97
Market Street Railway—
—1945
1955
Metrop Ed 1st 4'As series D
1968
Metrop Wat Sew & Drain 5'As.
1950
t§AMet W Side El (Chic) 4s—1938
Stamped
60%
1
65%
97
96
A-O
100%
92%
97
65
M-S
104%
97'A
"96'A
A-O
O
western 1st
"99'A
J-J
102%
M-N
1952
Refunding 4s
Purchased
102
J-3
90
60%
51'A
65
47
61'A
19
43'A
59%
138
46%
62
169
(Stamped mod) ext 5s
McCror.v Stores deb 3%
ft
*44%
*101
77%
112
101% 101%
97
97
*103% 105%
*110%
—
*92%
98
*12%
39
70
100'A
103
100
102 '/a
105'A
99%
106%
111
113'/a
89%
84
6'A
96
15'A
Volume
THE COMMERCIAL &
Number 4247
159
NEW YORK
>
BONDS
Week
Ended
-
Period
Last
Interest
;
It
Jan.
or
'Low
a
Jack Lans & Sag 3%s
1st
gold
Ref &
1951
1952
3j/2s
impt 4%s series C
__,1979
Michigan
1963
1940' A
Consol Gas 4s
t§ AMidland of N J 1st ext 5s_-
i§AMilw
A 1st
ref
&
ARef &
tMinn St
§ Alst
Paul & Sault Ste
A
M-N
57%
10
49%
7%
60
60%
V
27
27%
.96
/
J-J
32
31
J-J
/
30%
30
5
J-J
1946
;
30%
"2%
1949-.'.' * M-3
1st 5s
Mo Kansas & Texas 1st 4s__
,>199Q
;
1st
30%
4'/4
12
1%
4
Prior lien 5s series A
Prior
lien
_»_1962
ACum
L.-1962
4y2s series.D_„
1978
Jan 1967
adjust 5s series A
-
VA
67
% 64%
68%
53%
55%
57
58%
Aw- 19
40%
205
J-J
J-J
J-J
66 '/a
57
A-&
40
39 Va
53%
•
^'
•
—A
■
Alst & ref 5s series A™:
ACertificates
AGeneral
of
4s
Alst
1975
ref
&
5s
of
-ACertificates
A Con V
deposit
series
of
deposit
1949
1980 >./•,
of
61
58 A
,
of
59%
11
639
61
427
60
F-A
58%
•
60
Moh'k & Malone 1st gtd gold 4s
1966
M-S
1991.
Monongahela Ry 3'%s series B
A.
61%
F-A
60
-
104'%
'
>
62
A
A-0
111
111
;
A A
:
.1965
A-0
114
113% 114
65
105%
105% 106
113%
1st
.
M-N
.1955
.1968
-
:
99%
37%
35%
114%
__
48
132%
65
50
Q-J
—1997
94%
.
:
•
93%
*88%
.
Q-F
_2047
69%
72%
J-J
2047
J-J
-
2047
63%
94%
J-J
'
''a-
134
69
89
42
52%
587/a
40%
56
62%
63%
314
50%
62%
81%
/
83%
J-J
2047
D,
92
*52
.
143
54'% A55
a/: 55
Q-A
*2047
94%
83%
394
66 %
81%
70
68%
70
89
55'%
68'%
70%
:
68%
70%
86
55%
68%
F-A
—1967
1964
14
108%
110%
6
110%
112'%
109
M-S
109
109%
A:
112
112
--
311%
mtge 43—,.™
3%s
-
3%s
17
16'%
;A65'.;/
17
A
109>/2 109% A. aA,1
j-d
108% 110%
1945
M-N
1946
j-d
1946
1946
j-j
j-j
108
1961
j-j
J-J
104'% 104'/a
gold 5s—-1946
/ ./:
110% 110%
1962
;
107% 108%
Transmission
1st
5s
gold 5s
cons
2
V, ;
■
-v—7"
Guaranteed stpd
cons
5s_.
Oregon-Wash RR & Nav 4s_
Otis
Steel
1st mtge 4%s
ser
A
*105
19%
109%
111
107%
23
Ill
106%
110
'
*106% 107%
j-j
1966
12
106
108
■105% 105%:
105%
M-S
—--1972
—
Elec
&
M-N
105%
'-,Vl
/A'
>108
4
■
A/ 1
-
•
51'
10
.
104%
.
106%
105
10.7'%
108
109%
108
110%
106'%
110'%
99'%
105'%
110%
A'A/Ai:
1965
1967
Gas
46
108%
J-J
_
50%
31%
;/'• % iljA
■*111%:':,.-".
Q-J
1st gtd gold 4s_1948
Short Lina 1st
Ore
54 '/a
78
.
123
113
*72'/'a
Jan 2047
Oregon RR & Nav con gold 4s_
iooy4
131
,v
45'/a
43% : A/:43%
*109% 112%
M-N
.
491/4
48
48%
J-D
.1947
States T & T 3'/4s_
Mountain
M-N
Ontario
96%
178
A/50%. 51%.
50%
J-D
.1955
119%
122
*70'/8
1997
mtge 4s
1st mtge
107%
;.//;/4
124%
;
1st & ref mtge 3'/2s
1st mtge 3'/2S_
Oklahoma
114
89
100% 100%
M-N
40
129 'A
Power Co—
Ohio Edison 1st
103 %
.-10
States
85%
49
34
o
107
95%
*95
.2000
•'
•
..
t§AOg & L Cham
110
9
J-D
.1951
.1958
\
.
59%
109
,,:1
.1966
6s
■
59
1017/a
3
104% 104% A
,
73
29%
x
impt 5s. series C__
(Wise)
Monongahela W Penn Pub Serv
.I960
A"
series
Ref & impt 5s. series
>
50
341
15%
45
/;//
43
58
38
/'■/A/2' A
84%
39%
42%
597/a
35%
824
60
83 %
A-0
58%
36%
61
60
60%
.
22'/4
59%
5%
y -A''
106
129
impt 4%s series A_.
(Minn)
36%
A:
102%
O-A
Ref & impt 6s series B
59%
35%
11
9%
&
58
36'/a
A
485
•
58%
*59
_-.__»1981
'<■:
27%
:
14
j-j
& ref 5s--.-_-.„1974
4'/2s
1.
Northern
11
103 y2 104 'A
—
A-0
^
L
59'/a
35%
110%
112 '/2
*121
59%
35%
108 V4
*125
Ref &
:
25
22%
111%
108%
M-S
35%
1,564
90
108%
6
M-S
35%
1,595
' :
16
83
*108% 109%.
—
.-«__1974
ref
&
Ref
'
61
v
y
60%
>/: 38
-
9
*37
Gen lien ry & Id gold 3s
3s registered
v ' 1
<
19%
18
8 V8
F-A
••••
,v;
>
AV-v,5:'A
:
58%
10%
deposit^-..-,-.^
57%
19
314
6(fb
r ;•
deposit
Alst & ref 5s series I
ACertificates
24%
58%
A
58%
A—
M-N
A-0
«
ref gold 5s series H
ACertificates
22%
/•••'
61
M-N
1978
gold 5%s_
Alst &
60
/-A
59'/a
—-
G
61
60
61
M-3
/A:
A
58%
24%
M-S
1977
,
ACertificates
A
60
.
'
ref 5s series F_.
Alst &
r
61
F-A
A.'—
,.1969
deposit
54%
35%'
;
A;'
"
^Missouri Pacific RR Co—
67
33'/a
■
1998
Northern. Pacific prior lien 4s
4s registered..
40%
''"'.
38
.
45'/a
12
752
A__,_1961
.
•:
High
31 '/a
2
108% 108 '/4
•
.
GV
59%
143
V
,.
20%
Alst mtge gold 5s (stamped can¬
cellation of guarantee)
1945
ACertificates of deposit-
77%.
100
41%
247
58%
.*109
Ry 1st gold 4s_1996
Central gen
Gen
7%
64%
1950
series A___>„
^Northern Ohio Ry—
Missouri-Kansas-Texas RR—
>,;/ 40-year 4s series B
4'/2s
mtge
North
10
95
deb 5 '/as
AGen mtge 5s conv inc—_„__>_2014
31%
15%
18
22%
M-N
(Md)
30%
16%
75..
57%
58%
J-D
16
j-j
Low
87%
^-o
HANorfolk Southern RR 5s
26
100.
73%
100.
J-J
1946
12%
r„
'■
A-':
18%
1948
year
No.
42
11%
Range for
Sold
.
Norfolk Southern Ry Co— g-'vagv\ •v-5''.
8
128
U 2% v 2%
74 Tb
J-J
1959
4%s
'
.
j-j
■
M-S
8%
2%
411
32
31%
aa/sa/:
1967
—
M-N
1966
Norfolk & Western
31
283
31
30
J-J
1943
:
37%
"85%
F-A
•
Bonds
High
18%
Niagara Share
65
2%
5
1st
42
Niag Lock & Ont Pow 1st 5s A--1955
59%
9%
30
All'
3%
Bost
F-A
1040
1st
Y West &
j-j
1937
Niagara Falls Power 3%s__
77'%
61
7%,;. 7%
3%
t§AN
27%
.
1937
gold 5s_—
N Y Telephone 3'/4s series B
63
38
63
ATerminal
109%
65
64
*60
78
1041/a
26
77%
Week's Range
or Friday's
Last
Sale Price Bid & Asked
Period
HAN Y'Susq & W 1st ref 5S—
...
§A2d gold 4%s
§ AGeneral gold 5s
102
4
77
27 y2
M-3
Q-F
1938
J
5%s
25-year
97
99y4 ioi
60
Alst & ref 5%s series. B,.,--,.:,1978
t A Missouri-Illinois RR
10
59 y2
•
14
Low
92%
81
.
Friday
Interest
Exchange
High
78
•
100
57
M-S
J-J A'
1938
Alst & ref 6s series'A
.A
Low
Stork
Ended Jan.
Week
Marie
4s stamped
consol 5s__—
cons
§ Alst
'
77%^
§A 1st stamped 5s gtd as to int—1938
•
.
/
J-D
1949
-
80 y8
104 y4104 %
J-D
50-yr 5s series A__-1962
**V 11
• ••
.
New York
-
1943
year
No.
75'%
'•-
1947
gold 4s__
ext
■.
A-O
J § AMilw & State Line 1st 3%s.„.,1941
JAMinn & St Louis 5s ctfs
1934
Blah
100
A
A;/ 80 ft v.-:
1939
t AMilw Spar & N W 1st gtd 4s_
-
#qo
Range for
Sold
.
"
••••
& Northern 1st ext 4y2s__1939
A§Consol ext 4%S™,_„
:
■'•;• •'
M-S
M-n
J-J
M-S
-r.
bonds
Bonds
Friday's
Sale Price Bid & Asked
Michigan Central—
BOND RECORD
Week's Range
Friday
'
New York Stock Exchange
'.-..5,
FINANCIAL CHRONICLE
112i%
it
N
& St L 4s series A
Nash Chatt
1978
Dairy Prod 3%s debs—...AA.1960 "
Nat
Distillers
Prod
3%s__;
J-D
1949
85
47
68%
82%
106% 107
39
105%
108'%
103% 104%
56
102%
108%
8
101 %
1
103'%
84
84
F-A
Nat
106%
M-3
1949
M-3
103
103Vb
National
1965
A-0
105
105
fANaugatuck RR 1st gold 4s
1954
M-N
100% 100%
3%s sinking fund debentures
Steel 1st mtge 3s
Newark Consol Gas
6s
cons
1948
JANew England RR gtd 5s
1945
„_„_-._„_______1945
AConsol gtd 4s
New England Tel & Tel
1st
5s A—w__1952
4 %s series B
N J Junction RR gtd 1st 4s
Light
&
New
Orl Pud
1st
Ser
Orleans Term
Alst
ACertificates
AAA 1st 5s
series
110%
110
70
86
84%
117
70%
85
116% 117
4
116%
118%
Paducah & 111 1st
7
122'%
125%
Panhandle East P L 3s B— .—2
J-D
A/-N
"'
123% 124 :
123%
■>:r
84
*81%
94% .95
94%
73
36
94%
93%
mtge 3'/4s' series C—i——1966
s f gold 4%s—1955
Paramount
Cent
12
103
104
103
80%'
97%
Guaranteed
62%
64%
11
41
64%
Secured 4s_
44%
64 Va
Pennsylvania Glass Sand. 3'/2s
50
75%
Pa
48
72
97
.:
104'%
A-0
"a-'o
76i%
76'%
74
91
F-V
series
76
50
75%
73%
74
22
51%
70
72
70 Vs
73
24
49%
61'/4
78
63
52%
79%
74
76%
21
47%
75
——
__1954
A-0
,«
J-J
*103%
4'/2s
•
64%
61 Tb
64 %
505
51%
67%
General
59%
58%
47%
61
Debenture
65
59%
65%
829
65%
380
52%
67
1952
M-N
88%
89 %
403'
67%
86%
1997
J-J
74'/4
87'/a
_—1997
3%s
88%
>
85%
88%
205
81%
81%
Ml-'
72'%
75
registered———
—1998
F-A
68
69
1998
F-A
65
67%
—1998
F-A
registered—
67%
.
63
63
series A—
1974
A-O
98
4%s
series
1978
M-S
89%
C
A-0
1st gold
notes
1951
F-A
80
1947
A-O
100
1965
A-0
108%
ref 3'/4s series E—1966
A-O
109'%
4s
—
—i,.;
3%s series D
N Y & Erie—See Erie RR
Y
&
Harlem
Mtge 4s
Y Lack
N
gold 5s
1948
gold 4s——1949
gold 3%s—2000
series A—
series B—
Mtge 4s
•
47%
61
Peoria
'■'17
78%
•
so
100'%
108
:
108%
J-D
115% 115%
110%
1
*105
-1st
Pekin Union Ry 5'/2s
&
M-N
71%
71% : 72
'■79%
General
5s
100
General
M-N
78
77 rem
46%
46%
48
51
1956
M-N
50%
48
51
certificates 3'/2s
1956
J-J
49 y2
47
49%
117%
110%
100
A:
225
6s
1948
J-J
54%
51%
55%
650
§ACollateral trust 6s
1940
A-O
87
84%
87
ADebenture
1957
M-N
23%
19
23%
J-D
53%
49%
53%
4s
.—1955
-
Alst & ref 4%s series of 1927—1967
4s_
,
1954
tAN Y Ont & West ref gold 4s—_1992
AGeneral
4s
N Y & Putnam
1955
—
1st
cons
N Y Queens El Lt & Pow
N
gtd 4s—
3%S
Y Rys prior lien
N Y Steam
For
see
page
236.
110%
88%
99%
121%
121% 121%
26
119%
124%
lll'/e
110
111'/a
86
101%
110%
55
108
117
116% 117
116%
j-d
A-O
99%
A-O
106%
j-j
89%
98%
99%
282
106'/4 106%
58
96'/a
106%
106 »/4
106%
46
95%
106%
100 Va
100%
331
90%
100%
98%
100%
j-j
1
56'/a
58
40
44%
23%
25
69
5%
<
'
ti<
112%
1061/4
107
58%
24%
107
97
72%
96%
87%
15
64%
88%
85'/4
257
57%
84%
106% 106%
17
104%
107%
*128% 134%
A-
118%
129
HI
125%
96%
95%
97
87%
85%
82
j-j
M-3
111
112 A 112
F-A
j-d
1974
F-A
1977
j-j
series
B
—
.
106%
124
124
3
106% 107
-42
M-3
110%
110% 111
17
j-d
103
103
103
2
105 '/a
^Philadelphia & Reading Coal—
A ref 5s stamped
—1973
j-j
47
43%
47
698
20%
19%
20%
694
104
Philip Morris Ltd deb 3s
Philadelphia Co coll tr 4'/4s——1961
112%
■'
1st
&
v
55%
ref
& ref 3%s—
mtge 2%s—
60
80%
/
1967
j-j
—1949
M-3
—-1962
1963
J§APhilippine Ry
of
M-3
1937
•
M-N
J-J
3s debentures
74%
48
-/■>
:v 49
49%
'
A 30
A.,
34
A
52
96
107%
1'10%
112%
102
104%
20%
8%
43%
19'/a
104
*104%;—
15
104% 104%
106%
104i/4
106%
*7
7%
3'/4
9
*6'/a
1st s f 4s—
deposit
Pittsburgh Cinq Chi & St Louis—
31%
49
282 -
31%
49'%
332
33
52
32%
53
31%
49%
Series H
37%
62%
Series I
300
49%
85
519
8%
21
833
v
36%
55
218
49%
•.
•
>
:
•
•
'•
Series
103'%
M-S
J-D
A-0
1965
M-N
102 Tb 103%
10 Va
10
90%
63
10'%
*4
4%
6%
140
D
4s guaranteed
8
4%
7%
103 %
1051/4
104
Seriis
F
4s
Series G 4s
107
Series
J
»
1945
guaranteed gold—-1953
guaranteed
1957
,
56%
;
64%
-
56%
110% 110'/4
J-J
107
J-J
108% 108%
107
v
2
j-d
guaranteed 4s——1960
cons
4'/2s
cons
1963
guaranteed 4'/2s—1964
cons
Gen mtge 5s series A
-1970
1975
Gen mtge 5s series B
4'/2s series C
12%
7
41%
58%
1
109%
111'/a
8
.
—
"
112% 112%
*113
f-A
*113'/4
F-A
111%
—
M-N
117% 117%
j-d
1977
j-j;
4%s-A—1952
116
107%
M-3
116
116
.'107 Mi 107%
1
114
119%
*122% 124
—
113%
112%
123%
119'/a
;
M-N
A-O
113
110
123'%
105%
117
12
105
117
39
IOO
107%
8
104
21
13
*99%
f-A
Pitts
Coke
Pitts
Steel
& Iron
conv
'
•
m-N
^1949
Series E 3'/2s gtd gold:
Gen
M-N
1993
6s stamp—_1958
Corp 1st 3y2s
1963
footnotes
108
3
295
—1971
tAHarlem River & Port Chester—
1st
j-d
a
99% 100'/a
110'%
/v
299
deb
F-A
Phelps Dodge conv 3%s deb——1952
Phila Bait & Wash 1st gold 4s—
Phila Electric 1st
26
50%
AConv
110%
108 Va 108'/a
•
49%
4s„
108'/a
108 Va 108%
100
1980
gold 4'/2s series C
115%
74
49%
deb
17
108%
-1956
gold 4%s series C—:
AConv deb 6s
J-J
.ANonrConv
108%
108 Vb
1974
1950
4s series B
86
102%
A-0
4s
3y2s—
98%
25
'
M-S
3.%s_:_——!
deb
23
A-O
58
106%
110%
A
1947
deb
109%
108%
102'%
107%
>..
..1954
deb
106'/a
106 y4
M-N
Apr
Marquette 1st series A 5s
1st
87%
107%
A
5
110% 110%
:
W-N
'
>
1
50
ANon-conv
109%
9
107
A-O
65
§
7
A
M-S
ANon-conv
,
103%
108 7/a
——I960
Apr 1990
4s ext
100
7
109% 109'%
F-A
1984
101
60
100.
__1947
i,ANon-conv
106
102
8
M-N
'
F-A
fl.
'
——
105%
97'%
64%
:
*104%
4eb-.4s
ADebenture
107%
104
-~'V
108 7/e 109'/a
F-A
1981
4s
ACertificates
ANon-conv
109
101
106% 106'/a
106%
M-S
& Eastern
A Income
77%
A
*104% 105%
>
J-J
38
109% 109%
A-O
Peoria
125
J-J
1973
J-J
1947
66%
357
J-J
4 %s series B
.
103%
106%
106% 107
*105%
3'/4s_;——-———1952
66
98%
105
deb
Conv
50%
89%
2043
fN Y New Haven & Hartford RR—
.
98%
117%
101%
101% 101%
1968
—
48%
5
j.2043
—
West 4s series A——1973
&
86
57%
115%
*109
106 7/a
1970
B—
12
63
*101% 102
105
series
gold 4%s
164
-••v
■
N Y Gas El Lt H & Pow
Purchase money
67
85%
100
99
1965
Peoples Gas L & C ref 5s_
:
'
N
'85%
82
87%
V
A-0
1965
3V2s extended to_:
&
105
1960
series A
70%
97%
1947
1st lien
102%
1970
C——
series
69 %
Pere
5%s
Y Edison
'
106
*116%
J-D.
1969
1974
—
53
187
Chicago & St Louis—
Y Connecting RR 3%s A
N
'
—
100
111%
104
• ;
*104
M-N
-1968
D
/•General 4'/4s series D
Gen mtg'e 4'/4s series E
'
75
Y Dock
5s
F-A
87%
Conv 5%
110%
110
105
*106
J-D
F-A
1981
Light 3'/2s
4'/2s
A-0
Ref
N
F-A
■109 ■'«'?
109
.'
—
M-N
1960
sinking fund 4'/2s—
A-0
coll gold 31/2S
ser
mtge 3%s
2013
Ref
,
j-j
1963
Pennsylvania RR—
;
Consol. gold 4s———2--——1948
4s sterl stpd dollar
May 11948
—1998
81%
1st mtge
$108
j-d
1952
debentures—
General
Mich Cent coll gold 3%s„
N
3%s
—,,2013
—;
ctfs D___1944
trust ctfs
—,—
Power &
Penna
,
F-A
New York
ref
&
Cons
J-J
3%s
1
108
71%
76%
F-A
76
44%
1956
73%
74
—
A
3'/2s trust
Ohio & Det 4'/2s series B
1st
76
—1998
:
: 107
'
Pennsylvania Co—
Gtd 4s series E
—:
1954
registered
3%s
1
108
108
10
,93
deposit.
Hud River
&
106'/4
108
A-O
A-O
97%
impt 5s series C
3%s
'
M-9
96%
impt 4y2s series A
Y
1955
6s_„
104% 104%
Ref &
/ Lake Shore
106%
103
1944
deb
103
——1956
secured 3!%s
112%
103%
5
Paterson & Passaic G & E cons 5s_1949
104%
Ref &
N
Broadway Corp—
3s loan ctfs—
Trans
104
Newport Si Cincinnati Bridge Co—
& General gtd 4y2s_--_-:
.—1945
Conv
109
23
105% 105%
96%
83%
deposit--
4s
1960
f gold
M s
1st
Gen
RR
26
104% 105 '/4
Parmelee
A-Q
ACertificates of deposit
5y2s series A
-
Y Central
uoy4110'/2
j-d
97
J-J
Alst
N
•
"
Ref
111
Vvi,
13
--
Pacific Tel & Tel 3%s series B—2-1966
84
77
106; /
108
107
107
98
j-d
:
——1971.
J-D
deposit
of
j-d
1st & ref M 3s series K
1953
of
ACertificates
112%
87
J-J
deposit
Alst 4%s series D__
.
112%
110
1955
C
ACertificates
109 Va
12
series A__1952
5s
of
99%
33
86%
__1952
series B
5s
92%
110%
111% 111 '/a
85
J-J
§ANon-cum inc 5s series /A-—-1935 :
;
1
110
111%
87
F-A
1st gtd 4s
of
98
110
j-d
119
tNew Orleans Texas & Mexico Ry—
ACertificates
98
j-d
4s series G__
86 Tb
A-0,
1st & ref 5s series B
New
105
116
1st
Gas & El
J-J
1983
1st ref & imp 4%s
O & N E
N
105
100%
95
3
j-d
1964
1st & ref mtge 3%s series H
1961
1st & ref mtge 3%s series I_,-,-1966
1st & ref mtge 3$ series J——.,—1970
Pacific
J-J
1960
1st 4'/2s
Great Nor 5s A
New Orleans
.
J-D
1961
1986
gtd
J. Pow
N
103 Va
Pacific Coast Co
1st
1st
mtge 4'/2s
mtge 4%s series B;
Pitts & W Va
1st 4'/2s series A
104%
108%
1st mtge
106
109%
1st mtge 4'/2s
4%s series B
series C—
1950
—1950
J-D
103
3
98'%
103%
103%
5
98'/a
103%
102% 103
103
j-d
1958
95
.•103%. 103%
j-d
63
60
•
-1959
A-O
63
59
1960
A-O
62%
59%
64
63
82
55
63
66
53
62%
72
53%
Va
63%
64
THE COMMERCIAL &
236
Monday, January 17, 1944
FINANCIAL CHRONICLE
.T —
NEW YORK
Sale
Period
14
Ended Jan.
Week
5s series B
5s series C_
4%s series D
1st
gen
1st
gen
1st
Gen
Portland
1st 5s
Potomac
.
,.
Elec 1st 4%s
extended to
El Pwr 1st M 3%s
mortgage 3Vis———
1st
Pressed Steel Car
J-D
A__1948
1962
1974
1977
1960
—1950
1960
1977
1951
& Ash 1st 4s ser
deb 5s
J-J
J-J
ref
mtge
of
Public Service
*147%
14
102%
7
—
,
Louis & West
220
88%
j-j
96%
j-j
105%
105% 105%
4
f-a
105%
105% 105 %
45
..1950
m-n
•
A 1st
& coll trust 4s
cons
A.
1977
Gen mtge
47%
*125%
m-s
m-s
1967
'.
95'A
*106%
105%
107%
9
109%
112%
42
102%
105%
100%
104%
107%
109%
1945
117%
—
102%
United Biscuit 3%s debs
169
86
54
124%
124%
■
110
110
12
5
9
14
30
.1949.
j-j
12
12
1941
j-j
12
Cigar-Whelan Stores 5s
States Steel
Serial
-
97'a
110%
6
106%
11
105%
110
j-d
106% 106%
104%
108%
94%
102%
100%
101%
101%
102
.
•/.;>,
.101% 102
1
63
vv'.
101% 101%
102
F-A
:
105 Vi
HI
m-s
Corp—
debentures
2.05s
40
22
46%
A-0
109%
592
40"%
19
97'A
7
108
A-O
1952
1958
1944
-
A
United Drug 3Vis debs
U N J RR & Canal gen 4s
United
108%
rr
46
1955
United
57
26
103% 103%
103 %
102
58%
■
I
108%
103% 104%
108
1971
198U
35-year 3Vis deb
'
r._
9%
*102% 103%
A-0
—1970
Ref mtge 3Vis series
27
49%
~;S
103% 103%
J-J
J-J
111
.
M-N
105%
•
.
F-A
1947
111%
111%
103%
A-0
•
1st & land grant 4s
34-year 3Vis deb-.
100
'■'
__
♦109%
117
j-j
1959
Union Pacific RR—
101%
139
m-s
: '
116%
1967
106
:'
r'
.v.'-'"'
m-s
1969
95'%
.;V*£wv. vV„; *111%
■/.
101%
100%
MS
.-1953
debentures
101V4
88'%
85%
91
20
101% 101%
*116
Jf-N
102% 106%,
57
*101% 102
m-s
.1967
41/as series D—
3%s series H—
och Gas & El
31
'4 105 % 106%
48
a-0
.1949
100%
-
1971
'
'
.1939
159
'
88
"
37%
87%
99%
78%
78
96%
96%
m-n
21%
222%
65
99%
98
95
j-j
239
99
112%
V'UV;
95%
,1960
32%
85%
*101% 103
J-D
5s—1940
3s
106%
31%
85%
U
..1961
Remington Rand
76
A-0
v
%
96%
1956
62%
88%
149%
145%
99%
v
122
*98
Union Electric Co of Mo 3%s
112%
R
1997
72
31%
Trenton Gas & Elec 1st gold
Tri-Cont Corp 5s conv deb A
97
Union Oil of Calif 3s deb
/
71
71%
j-d
1950
1st 4s
/f§AUnion Elec Ry (Chic) 5s
;
112
A-O
Toronto Ham & Buff 1st gold 4s—1946
108%
31
110% 111%
v
j-j
103%
J-J
—-I960
Jan 1960
ref 4s__
AAdj income 5s
f.'f.'¥'K? '•*' i
a-0
2
"68
106% 108
1
-i.
..1997
111
M-S
Tol & Ohio Cent ref & impt 3%s—1960
20%
91
—
*222%
..1951
111
J-D
110'/a
109%
J-D
A-0
67%
A-O
1980
95%
167
20%
iwU'i'wi
J-J
110%
67%
122
1979
108%
106% 106%
M-N
337
84
ref 5s series C
Third Ave Ry 1st
*109%
"
84 %,
82
&
12
,•
*97
M-S
82%
84
84%
Tol St
17
20%
84%
A-O
107 %
116%
68
-.1977
:—1964
High
101%
1
85%
ref 5s series B
Tex Pac Mo Pac Ter 5 Vis A
1913
year
Low
No.
83
&
100%
90
Range for
Sold
Hiah
115% 115%
115%
j-d
—2000
Bonds
—
102% 102%
102%
M-N
Last
Gen
105%
109% 109%
.*111%
J-J
1968
—-1972
2037
8s—
—2037
Nor 111 3%s
1968
&
124
105 %
F-A
ref mtge 5s
1st
Texas & Pacific 1st gold 5s
109
57
99% 100
99%
•J-J
re! mtge 3s
&
__
Week's Range
or Friday's
Friday
Sale Price Bid & Asked
Period
Gen & ref 5s series D__
M-S
_
Interest
r
14
Low
J-D
Gas 3Vis
&
1st
-
Exchange
Gen
*121
■—
107%
118%
—
Stock
High
Low
No.
York
Week Ended Jan.
1943
year
J-D
Securities 4s— *•«»•»»*»-f— 1957
{AProvidence Terminal 4s—
1956
1st
'v.'V
F-A
IA Providence
Public Service El &
*107 Vi
—
Sold
High
Low
Pitts Young
BONDS
New
Range for
Bonds
Last
Interest
Exchange
Stork
Week's Range
or Friday's
/
Price Bid & Asked
Friday
BONDS
York
New
BOND RECORD
"...
May 1 1949
;
12
...
.
14%
15%
9%
:'i •>.
■■■
vV
101 v- 101%
102'/a
*101
M-N
11949
M-N
*101% 102%
100%
102'/
M-N
*101
ioi v*
101%
1 1950
M-N
*101%
May 1 1952
M-N
*101
101%
2.40s
*§AR I
May 11950
2.35s
1934
Nov
1 1952
M-N
*101%
101'/a
May
2.10s
—Nov
2.15s
2.20s
—-Nov
-
-
"
101
M-N
*101% 102%
101%
3 03
M-N
*101% 103
101%
103%.
May 1 1954
M-N
*101% 102%
101%
102%.
11954
M-N
-May 1 1955
w
1951
M-N
2.55s
1
-
1968
1947
St Jos &
St
Lawr
2d
A-0
J-J
1990
Ltd 1st M 4 Vis
Grand Island 1st 4s
& Adir 1st gold 5s
Saguenay Pwr
J-J
A-0
1990
gold 6s—
{St Louis Iron Mountain
River & Gulf Division
62%
>63
j-j
1955
1950
•_
v'V;
...
5 A 1st term &
1952
unifying 5s
A—1990
gold 5s series
& ref
AGen
•
Nov 1989
4S.1968
Duluth 1st cons gold
JASt Paul E Gr Trk 1st 4%s
)jjASt P & K C Sh L gtd 4%s
St Paul Union Depot 3 Vis B
Schenley Distillers 4s s f deb
Scioto V & N E 1st gtd 4s
St Paul &
1947
1941
1971
—1952
1989
{Seaboard Air Line Ry—
$ A 1st gold 4s unstamped
§ A4s gold
1950
1950
-1959
stamped
5 A Refunding 4s—
of deposit
1st cons 6s series A
A Certificates of deposit
Certificates
A
A
t§AAtl & Birm 1st
;
-
1933
JASeaboard All Pla 6s A ctfs
1935
A 6s series B certificates-, %
1935
Shell Union Oil 2Vis debs
1954
23/4s sinking fund debentures
1961
{§ ASilesian-Am Corp coll tr 78—1941
Simmons Co debentures 4s
1952
Skelly Oil 3s debentures
.
1950
1964
1963
1962
3s debs
& Nor Ala RR gtd 5s
Bell Tel & Tel 3 Vis
Socony-Vacuum Oil
South
Soutn
1979
debentures
3s
100 Vi
89%
73
90%
36%
33%
35%
39
18%
245
J-J
sj
32%
1,584
19%
30%
13
19%
Aug 1949
1949
1977
1968
1969
1981
1950
(Cent Pac coll)
registered
4s
(Oregon Lines)
1st 4V2s
Gold 4'/as-
A
—
Gold 4Vis
Gold 4Vis
San Fran Term
South Pac RR 1st
1st 4s
ref gtd 4s——1955
Stamped
Southern
■
Ry 1st cons
■V'.:
'
&
gen
97
70 Vi
71%
85%
65%
98
84
46'A
12
25
■
F-A
22%
31%
': 103
—
;
24%
V
51%-
22'A
25% A
21%
24
35
31 Vi
¥¥
35'A:'
30%
33'A
,
5
51%
46'A
46%
43'/2
A-0
——
105 %
106
106
A-O
1'i.
*123
A-O
107
J-J
J-J
■
--
\
t A Wabash Ry ref & gen 5%s A
\ 49%*
28
27%
5s series D
1975
1976
1978
1980
Walworth Co 1st mtge 4s
1955
,
50 .Y'<
Warren RR 1st ref
Washington Term 1st gtd 3%s
30%
.1st
&
1st 40-year
_
'A,2.'.
46%
West Penn Power 1st 5s E
:
105%'
123%
1,
2
7
107'A
109%
1
/.
105
109%
Southwestern
—
63
*40%
*
44
68
34
56
w. 26%
„
37
27%
39 %
;
*
35%
*38%
A-O
A-O
.
--
26%
35
*39%
—
25%
36
97%
A-O
*38
42%
*94
91
100,
31 >•.;. ■45
13
98%
F-A
Q-M
98%
F-A
*101
F-A
■.
.
■
.
/ ? 88
:
;
'
98
102 ,v 104
*100
.
104
104
1
118%
120%
20
108%
110%
106
112
109%
112%
118% 118%
j-d
109%
109% 109%
*110%
112
.
...
8
112%
a-0
1st &
1977
j-j
1940
M-S
79%
1940
M-S
80
1950
M-N
1951
1960
-1951
2361
j-j
61%
58%
62
228
2361
j-j
58
56
58%
113
1954
ref 5'As series A
fAWestern Pacific 1st 5s ser A
A5s assented——
Western Union Teleg gold 4Vis
25-year
gold 5s
—
30-year 5s
Westinghouse El & Mfg 2Vis
98
Registered
-V
j-d
68
91%
100
V.;
72%
626
54%
69%
West Va Pulp & Paper
68%
70%
306
55
68'A
53%
66'A
Wheeling & Lake Erie RR 4s
1949
Wheeling Steel 1st 3 Vis series B—1966
Wilson & Co 1st mortgage 3s
1958
90%
%.
103
92
32
f 99 ; 100
!f""79% 80%
80
102'%
102% 102%
*"'47
j-d
103
102% 103%
82
M-S
102%
102
102%
94
101% 101%
95.
116
80%
11
M-N
79%
94
84%
102
•
77%
36%
77
36%
:
84
102
87%
102%
83
102
101%
102%
43
61
41%
56 Va
102%
.
104%
91
70 Vi
70%
*91
94
..
'
M-N
69
67%
69%
591
M-N
68%
67'/2
69%
496
52%
66%
65
87%
101%
70%
91%
82
85
A-0
J-J
102%
102% 103
93%
94%
v
.;; *
572
94%
■
J-J
J-J
A-O
«...
__
76%
106% 107%
76%
98Vi
1951
1964
—1968
1972
J-D
gold 4Vis—2013
1966
Apr
1961
1953
1956
1961
J-D
A-O
101%':
.
:
'
68%
81
87%
98
40
/
•"
.
92
101
5
84
105
102%
5ASu & Du div & term
60%
M-N
18
1968 '
1971
A-O
M-S
1960
1st 4s
j-j
1936
{AWisconsin Central 1st 4s
A Certificates of deposit
j-j
1949
1st 4s
ACertiflcates
of
92%
M-N
--
111%
88
93
2
100%
101%
*•-
U4%
116%
154
*116%
60%
18
*15%
Wisconsin Public Service 3%s
109%
47%
102% 102%
*—
deposit
Wisconsin Elec Power 3%s
—
87
93
'
1960
1948
Winston-Salem S B
62%
61
65
14%
55
26%
15
18
23%
109
112'/a
107
3
109% 110
'107% 108
j-j
67%
47%
__
18%
108%
112%
111%
13
41%
102%
54
104%
Youngstown Sheet & Tube—
Conv deb 4s
1st mtge s
J-J
A-O
92%
108%
107%
—
*103% 103%
105%
M-S
89% 103%
110%
*110% 112%
54
'v'"'.**
*111 % 111%
M-S
100%
27
105
*106%
Af-N
54
106%
3s
'
22
111% 112%
J-J
F-A
92
173
95
•
■'/ 152
75
94
107%
A-0
97
Superior Oil 3Vis debs
Swift & Co 23As debs
V
100%
83%
:
58
167
71%
61
1952,
Maryland 1st 4s
71%
101% 101%
;
69 Vi
F-A
49
101 %'102
v
1966
mtge 3Vis series I
M-S
101
Standard Oil N J deb 3s
2% debenture
—
86
111
j-j
M49
98%
4s
72 %
108%
61%
M-S
96%
101%
Pub Serv
Spokane Interqat 1st
45
30
—
M-S
—1963
J-D
101%
Stand Oil of Calif 2%s debs
72%
130
97%
.
107
123
__
107%
96%
Apr
101%. .105 Vi
i
105% 105%
107
Apr
j-d
mtge 3%s
Western
40 U:i .61">:
6
■
1st
44
..v.,;",..,";. v i01%:rl04
106%
101%
j-j
..1950
1967
5s stpd gtd
Westchester Ltg
99% .102
.
J-J
Tel 3Vis B_
84%
110%
98% .102
,
5-
guaranteed 4s.
56%
.
1714
J-J
ref 3s series C
83
••
110%
29V4
15%
38
1948
1945
1945
Washington Central Ry 1st 4s
29'/s
113
-
103 Vi
gtd gold 3 Vis—2000
30%
14
•
C—
15
31
_
5s series B
13'/a
148
■
gen
14%
i;.'v
133
52 'A "
__
mtge inc 4%s ser B
A Ref & gen
783 ri'
/
105% 105%
*103
F-A
AGen
ARef & gen 4%s series
100'/2 100%
.52%
.
A Ref
.
1971
—1981
1991
series A
inc series A
"AGen mtge 4s
126%
*100% 100%
__
52%
;■£
.100
110
84%
A-O
91%
110
92
__
w
Gen
__
;
104%
*94%
M-S
79%"
91%,
*110%
J-J
1966
114
112
Wabash RR Co—
123
v:
3,374
62
F-A
111
*85
F-A<:p
108%
108%
109%
110%
110
-
1958
*•_.
Virginian Ry 3%s series A
106
765
,•
51 %
F-A
100%
5s_
cons
gtd 5s
104
178
m-s
F-A
1st
1st
102%
21
'
50
33%
& Southwest
101%
c'w'i
24
m-s
33As—1972
2003
Virginia Pub Serv 1st mtge
Va
£:.l;
*112 ::
MS
1
■
25%
A-0
M-S
29
k
45%
50
50%
*108%-
f-a
M-N
32
17
1,514
35
103
46%
A-O
1957
1968
Coal & Coke 1st gold 5s—1949
1st mtge 4s
92
24%
6%
38
-
126% 126% /-
'.Tr''.'
'
85
104'A 104%
/>.
A-0
1955
a
Cons s f 4s series B
Va Elec & Pwr 3Vis series B
-.i
27'A w>50%
338/
39% ■41%
35
A-0
J-J
.I
;
:<•/'
■
■AtA si
61 Vi ,64%
24%
M-S
.
72
f-
64%
'
Southwestern Bell
A
1994
1956
1956
.1956
1998
gold 5s
4s series A
Devel & gen 6s
Devel & gen 6Vis
Mem Div 1st gold 5s
St Louis Div 1st gold^4s
Devel
103
39%
*92
J-J
*1
•
RR cons g 4s series
West Shore 1st 4s guaranteed
Southern Pacific Co—
4s
102
103%
93%
39%
29%
J-D
J-J
40%
30
41%
J-J
U-N
41%
97
71%
-
J-J
••
37%
20%
20
41
•
38%
19
1,003
4
m-n
•
-
Vandalia
Va Iron
37%
32%
.
gtd 4s
91
38
S 36%
iA —:AV
.
1943
99
:■
36%
38%
—
-—1989
bond certificates
bond ctfs
4s inc
78%
33%
,':,v
m-s
.1978
Louis-Southwestern Ry—•
4s
102
102% 102%
96
.¥¥■¥1
'■
y
A 2d
78%
44
*97%
35%
.' t-'fZ- :
..
1st
83
36
—
4y2s series A.
96
•);
j-j
1950
¥ 121
96%
82
—
j-j
;
95%
89%
m-s
1959
St L
D>-
j-j
96
82%
,; ■:r
M-N"
1933
96%
96
}St
101%
102
;,
102
62
97%
*101%
102%
A-O
67
77%
2.65s
& Southern—
.1948
ACons M
55%
—
Nov
———
United Stockyards 4%s w
61%
62%
2.60s
V'/;
107%
105%
►106
102'/a
11953
-
108
99
106'/a 106%
102
Nov 1 1953
2.45s
y'x 2.50s
106%
101%
•
105% 105%
17
104
105%
104%
102% 102%
50
101%. 103%
3
101% 101%
102%
107%
24
v
-
f 3'As series D
;
95 Va
1,01%;
d
105%
105
U-N
*105% 105%
103%
106%
F-N
*103
103%
102%
."'.n:!--
103%
a
Deferred
included In the year's range,
d Ex-interest,
e Odd-lot sale
Under-the-rule sale not included in the year's range, r Cash
delivery sale not
Included in the year's range,
n
not
sale
not Included in the year's range.
SNeeotiability
Tenn Coal Iron & RR
gen 5s
Terminal Assn St L 1st
cons
1951
5s
1944
Gen refund s f gold 4s
1953
Ret & impt mtge 3%s series B„1974
Tcxarkana & Ft Smith 5 Vis A
Texas
3s
Company 3s deb
*119
123
119
125
F-A
*_.
104
102
105%
J-J
111 % HI'A
J-J
105'A 105 %
J-J
1950
.
debentures
1959
91'%
F-A
A-O
1963
Af-N
93
3
110%
113 %
1
103%
105'A
39
88
94
106'A 106'/a
105%
3
104%
106%
105% 106'A
20
105%
107
tThe price represented is the .dollar
Accrued interest payable at the exchange rate of $4.8484.
Impaired by maturity.
pound unit of bonds.
receivership, or reorganized
securities assumed by su<jh companies.
{Companies reported as being in bankruptcy,
the Bankruptcy Act, or
•Friday's bid and asked prices; no sales being
ABonds selling flat.
quotation per 200-
under Section 77 of
transacted during current week.
Volume
Number 4247
159
THE COMMERCIAL & FINANCIAL CHRONICLE
•
-v-
cV-'v-.
.
:•-v..;
-A.
york curb exchange
Sr/Jy■ K'
footnote
a
ft//. WEEKLY AND YEARLY
In
8,
ending
and
to include every
York
Curb
Sales
Week's-
Friday
f
STOCK8
New York
Curb
Week's
Ended Jan.
Aero
Class
B
Aircraft
'ft—,
3%
1
Mfg
Inc
(N J)
Accessories
Investors
5
common
Associates
Air
—1
Convertible
•
Exchange
50c
"5%
2
Corp
Last
2'A
2'A
;
preferred
10
...
Oct
26
Alabama
Great
Appliance-
3
3%
Southern.
50
Power Co $7 preferred
*
preferred
•
Allegheny Ludlum Steel—
'ft
7%'preferred
—100
$6
1%
Feb
1%
Jan
4% May
3% July
100
27%
Jan
1,200
1%
Jan
;
Dec
Bourjois
2d
Jun
Brazilian
Brewster
90
30
115% 115 %
102
Alles & Fisher
Allied
Inc
Products
pfd
conv
114% Nov
Jan
105%
110
3%
Oct
4
Apr
f./n
y 24.
50
24'ft
22%
3%
10
*.
Dec
Oct
Dec
'"'."'7%
conv
29
Mar
6%
27'A
28%
common.
preferred
.
..100
—
Aluminum
Goods
Aluminum
6%
Ltd
150
23%
Jun
30%
5,300
29%
Dec
900
106%
Jan
13%
Jan
18%
Oct
Jan
11%
Mfg
'S, «s*.
ft
.
•iio
81%
76 'A
81%
common——
low
6
200
1,100
Book
American
120
Mar
109
Oct
Jan
IIloo
Co____
Central
American
Dec
ft
Mfg
29
29%
120
20%
Jan
1
6
6'A
400
x4%
Nov
_—
2% July
33
Mfg
A
Convertible
Class
9% Jun
class
American
Class
class A—
Cyanamid
B
&
American
Fork
American
Gas
Hoe
&
Electric..
Laundry
6%
Mfg
Apr
%
Jan
41%
1,800
1
1%
16:
r 250
28
27 lA
28%
ft
6,600
19'A
Jan
29% July
Jan
3%
Jan
1
41%
41%
.15%
15%
July
6% July
33
Jan
13%
Jan
23%
20%
Jan
28
13
Jan
19 %
25%
Feb
26%
25
Jan
Apr
39% May
Jan
89%
28%
:
27 m
26%
•'•
27
X17%
'
•
18%
Co
50
1,700
100
———100
1
—
Maracaibo
American
1
Co
Potash
Republics..
&
Seal-Kap
Writing
&
A
of
Coast
2
Jan
5
2%,
1%
Jan
2%
British
13%
300
8"%
Jan
15%
Jun
160
97%
Jan
i.
■
13
«^
3%
.
Class
~6
140
8%
—50
31
;
Corp
12
Voting
—
9%
„
July
12 %
Jan
6'A
100
Feb
Feb
3%
Jan
28%
5;
Jan
4%
8
Jan
Jun
t% May
2%
80
■
9%
Sep
May
Dec
A
8% July
2% July
100
.-43/4
Dec
2,400
•;;•;■
5
9%
10%
Nov
12% Nov
Jan
5% July
3%
Jan
700
91/2
22%
10%
8%
6.-
Apr
Jun
300
4%
Jan
11
July
50
/
Power
16%
Jan
23
Sep
200
5%
Jan
10%
Dec
B
(EL)
Co
Co
17o
preferred
Baldwin
Stainless
Barium
Barlow
&
$1.20
Basic
Hill
Inc
''
7%.
Beau
A
Beaunit Mills
$1.50
Benson
&
10,600
1
—
——
&
$3
Hedges
—
i;
;
common
.
Blue
(E W)
7% May
1,900
5%
5,800
2%
•
/
%
•
6%
.—1
3
3
6%
23
3%
1
common.
—I_II.Il
•
.III*
see
page
241.
7%
3%
Dec
12
6%
12
6%
14
2
45%
14
2
■43%
4% July
15 %'
200
11%
Sep
177/s
i,
78
1%
78
5%
1,000
"ft
Dec
15
July
Jan
29%
84
Nov
2
May
Jan
5
Nov
22
Jan
7%
1,000
Jan
Dec
6%
Feb
10
Mar
Power—
.25
17
16%
'!•
—2.50
100
11%
17%
10%
400
12
Jan
17%
Dec
82
6,900
104%
11%
Jan
99%
Oct
Jan
13 %
9%
2,100
preferred
25
"l% "l%
12 %o
3%
—25c
5%
A)
Aug
Oct
75
40
1%
22
& Jan
6,400
78
~9% "93/8
Butler
(P
20%/:
i
1%
;
5% Aug
v./.
Aug
14%
...
1%
common
Cable Electric Products common
Voting
Cables
trust
'
31/2
3%
5
500
5'/a
1%
ft Jan
%
4,700
.
May
31% May
Apr
Jan
Jun
4% July
5% Mar
2% Feb
200
American
Calamba
dep rets 5 %
Sugar
50c
pfd
100
300
Fire
Cement
Car &
Participating
Canadian
Class
Industrial
A
Assn
1,400
non
100
300
14%
5,200
2%
1,700
45%
500
voting
21
77c
preferred
Capital
Jan
7%
Jan
6% July
21
25
Carman
*"•
class
Co
&
A
•
......
.
•.•'
1%
.12*A
5%
Oct
p Jan
5%
Oct
140
30
,
-
1,800
y, <
Corp
48%
'*>
*
L14%
110
22
48
47%
%
common
114% 115
Castle
(A
M)
& Co
13%
.12%
10
:.
Maine Power 7%
7%
New
5 %
Central
Ohio
Central
Power
21
y
York
Power
Steel
3,500
&
Light 7%
93/8
South
West
97%
98%
Utilities
Co
'■■••ilf %
~6%
25
85%
4
7
"%
Jan
116
Aug
Jan
99
Jan
1,000
100
4 %
100
4%
Jan
450
80
375
200
18
2Fy4
14%
15%
23,600
98%
95
98'/a
7,600
9'%
700
89%
87
90
99:%
99
♦
10
8%
% May
Jan
4%
Jan
11 %
Jun
Jan
96%
Jun
76
Jan
99%
Dec
73
Apr
99
Dec
48
10
440
4%
100
7%
Jan
6%
200
7
Jan
51%
100
993A
■J. 71 /::,•/;> 7 :••.:
7%
Jun
July
26% Aug
18% May
98% Jun
3%
99%
—
8
Mar
9
1,875
147/a
•
preferred
Sep
84%
ft Jan
1,000
ft
21%
*
*
•
105
Jan
'
ft
„
5%
Sep
7% May
14% Aug
64% Jan
7
■
*
9
Jan
99'A
86
6%
100
preferred
preferred B
preferred BB
1% May
Jan
83%
Dec
10% May
Jan
7%
Oct
112
ft Jan
7,200
Feb
9% Mar
4% Nov
7
97%
•
;/
•
Apr
8
—10
$7
July
6%
99%
5
$6
Oct
4%
10
9%
Chesebrough Mfg
Chicago Flexible Shaft Co
Chicago Rivet & Mach
1
'
Jan
5
Mining
21
Jan
Jan
8
; ^
10
Cities Service common
Jun
2%
7%
1
Charis Corp common
Cherry-Burrell common
Childs Co preferred
Jun
8% July
13
84%
■
102
50c
;
18 %
6
410
97
100
Cliamberlin Metal Weather Strip Co—5
Consolidated
'
800
1
pfd
Jan
7%
4%
9-
pfd—100
Products
Feb
15%
50
•'■'••.
Jan
6%
preferred.100
Central
Central &
Aug'
Aug
600
4
•
Central
Oct
116
112
114%
4%
1
com
50%
Jan
3,100
10%
21
10
Corp of America
Central/Hudson Gas & Elec
23% May
7% Apr
Jan
7
13%
•
Cat aim
Nov
106%
1
common—..
Mar
5% Aug
Jan
90
Oct
2% May
13%
102
1
Co
(J W)
Products
Chief
Aug
150
Jan
38%
*
Casco
Oct
H Jan
9%
255
V-«V.
•
preferred
Carrier
23
Dec
Jan
3
•
...
Carolina Power & Light $7 preferred
$6
1%
12'A
•
Class B
144
144
"l%
__1
Carnation Co common
v:
Oct
20%
—
...100
City Products
Controller
Apr
Co
Oct
18
1
Claude
18%
Neon Lights Inc
Clayton & Lambert Mfg
*
37
36%
•
12%
12%;: 13%
■-'';•/
Feb
8
Jun
-Jan
22
July
13
100
8% May
Electric
Cleveland Tractor
Club
Coal
1
Illuminating
common
Corp
% ' Jan
225
28% May
Plow
Co
5%
37
S
'V. 1,100
Co
•
•
8
"
Development ordinary—
Airlines
15'A July
Colt's
25
July
Columbia
1
&
Gas
•/
Jan
45
Jan
42
Jan
9% Mar
1% July
13% Aug
6
Jun
10
Jan
10%
Jan
Apr
9% July
16% Mar
3
May
Jan
50
July
JaD
15% July
V
t
$3
Southern
23/4
3
46
'■/,.; 650
39
Dec
59%
57%'
60
1,030
2,900
24
Jan
200
14
\ ft Jan
4%%
Biscuit
series B
Dreferred
Consolidated
32
«..«►-
20%
3/64
21
%
%
100
93A
1%-Jan
7% July
10% July
,
1
July
' 4
,';!1;;-55% Feb
107/a
300
C—
Jan
7%
Jan
.1
♦
.—100
100'
Utilities—.
1
—
A.
66
••
3A
"~4% ~4%
66%
67
Sep
s9a Mar
22
300
2%
Jan
2,000
56%
Jan
July
1%
Apr
11% July
Nov
26% Jan
Co.—
60
1/64 Jan
*
common.
preferred
series
Gas
•
%
10%
—...
Consol G E L P Bait
43-
.1
& Coke Secur common
preferred
Consolidated
Feb
43%
warrants-
extended to 1946
Conn Gas
3%
2%
preference
c
8%
45%
Commonwealth
Jan
77/s
25
warrants
Arms
Community Public Service——25
Community Water Service
..1
Compo Shoe Machinery— '///;
'ftft''
Nov
1% Jih
Electric—
Apr
&
6,700
7,700
2,700
Mar
57c
»11% "Jun
6
100
Fire
Patent
8
3% Dec
s
5%
5%
f^-19% July
-£ ?^14- July
2 ^-Mar
•
<
*
common
-'.Jan
7%^Jan
100
Utensil
Aluminum
%
U
1% July
Apr-5% Apr
.* • 36% Nov
1,600
4
Cleveland
5
]§• Jan
Aug
1%
1%
3%
—
•
136
.
7
100
4,900
53/8'
Industries Ltd—
Jan
6
-5
.
Canadian
Nov
37%
"A Apr
—5
2%
%
/
.
•
Colorado Fuel & Iron
13,000
Apr
3
Alcohol-
Sep
6%
5 3/8
voting
Class B
~5% ~5%"
"5%
2
Co Ltd 6%% pfd
100
Foundry Ltd— ftft/
preference
25
Colonial
Jan
1
....
Insurance
Dec
Feb
Apr
1%
3% July
3% Jan
.10
Power—
Corp
Cockshutt
3%
1%
Dec
%
£1
Estate.——.;
Electric
Tungsten
Colon
21% Mar
ft Jan
500
%
%
'■
California
Callite
Sep
55
^
—
ft ■/
3 %
Jan
50e
certificates
Wireless—•
&
6% July
ft 15
3%
1
Jan
„i—5
Sullivan
Apr
33
1%
18%
"9%
& East
Jan
1%
35
U
1%
15%
IIIi
115%
—III
...
Jan
7%
22%
2%
200
•
4
16
22%
Dec
"3%
....
Jan
100
_._*
common
footnotes
4%
»
_
$3 optional convertible
preferred
Blumenthal fS) & Co
For
39"% Nov
Jan
.100
common
Ridge Corp
Jan
2%
Birdsboro Steel
Fdy & Mach Co com—*
Bliss
Jan
3%
.....*
Convertible preferred
Berkey & Gay Furniture.—
Bickfords Inc common
Blauher's
2%
29%
300
:ioo
..20
200
22
Corp Am dep rets.:
Burry Biscuit Corp
Clinchfield
•
3%
3%
:
9%
5%
1% Feb
3%
Jun
500
..10
preferred
common
26
*2%
2
Ties—— —i
Inc common.
Canada
Dec
6%
...5
common
Aircraft
Bell Tel of
7
40
6%
Inc
convertible
Bellanca
6%
39%
—1
common
1st preferred—
Bruinmel
19%
Mfg—
Refractories
(L)
6%
Sep
3%
Burma
Clark
—1
common
Steel
Seelig
convertible
Baumann
'
Co
Aug
IIIi
...
common
City & Suburban Homes
300
..30
...
Rubber
22
18% July
July
18
1
preferred—
City Auto Stamping
22
common..
33
17
»
$1.60
preferred
'••=' $5
1st
preferred
Burco
Dec
Jan
Jan
A....
common
Niagara
Bunker
Apr
12% May
2
class
$6
'ft
1
for
warants
1%
83
11%
common
Cities Service P & L
Purchase
Jan
May
Jan
—10s
reg
Distillers...
Rubber
Buffalo
$6
Baldwin Locomotive—
44%
Oct
7 %
Jan
Buckeye Pipe Line—
60c
Babcock & Wilcox Co.
400
Jan
12%
preferred
Cessna A'rcraft
40'A May
23/4
12
10
'-'I;
1
Jan
3/8
7,900 '
■-■■v
'
43/4
Dec
•
17% Nov
Feb
69%
».W''
75
Dec'
%
4,500
-
Peb
89%
86
:
Carter
1 Va
.'•'.
¥:i-
:■
32
22%
—
.
7
v
preferred—
Collieries
Jan
10% July
100;
>v.
--I
.•;
1%
•
—5
& Sons common
Jun
300
6
11%
•
Machine
10
4%
•I;!
%
1%
1
Patoka
..
6%
6
5
Products
10% Aug
Jan
iL
i%
—
Nov
5%
'•
1,200
.
L—■-
"'''■4m
Apr
6%
1,000
%
8%
Jan
2,300
8%
8%
881/2
v
'
if
6%
1
warrants—
(BF)
200
99
•'./C 'V'.
6%
'
6%
10
pfd. .100
Forge common
Plywood Corp.—
Ayrshire
Jun
6
2%
—£1
Bruck Silk Mills Ltd
Jun
6%
•
Drop
Avery
5%
Jan i
;
—
Aug
Jan
1%
—
■
111
1%
:s%
:
700
Aug
14%
Canadian Marconi
400
'
7%
Sep
12%
„£1
......
prior preferred
Bruce
Sep
May
5,300
81/8
9
Co
Columbia
Brown Forman
May
3%
8%
8%[
•
-.
5%
3%
97%
£1
4
3%
10
10
5
—-1
17% July
3%
;
.
3%
;
1,400
-•
7%
22%
119
'
reg—
Ltd—
Brown Fence & Wire
Jan
107% 108
Jan
10% Mar
yftt/ass B
Canada
300
•|
Jan
61
Jun
12% May
7% Mar
Sep
2
10
101
Co
Amer dep rets ord
Canadian
105%
200
RR Co
Line
Automatic
Jan
2%
13
•
—
ord
rets
Celanese
12 May
Oct
J an
2%
107%
Dec
4,900
11'
101
23%
Jan
2%
30%
dep
British
Camden
2%
pfd— ZIoo
7%
22 %
~9%
101
.100
American
% May
Jan
Tel class A
Coast
Automatic
5
Jan
Canada-
Atlantic
Atlas
60
300,
Jap
Jan
Fisheries
Rayon
3*2
4,900
ft 15%:
Industries—
Coast
Atlas Corp
2%
2%
Co..
Atlantic
Atlas
3%
3%
Associated Laundries of America—
Atlantic
13% July
••12%
dep rects reg
&
57%
Jan
"ltf
—
Refining
Electric
Birm
Dec
5%
700
IIIo-
Breweries
Atlanta
43%
14
&
&
Jun
50
4,300
S' 400
105% 106
15'A
non-voting
Associated
Associated Tel
Sep
2
Associated
American
26%
800
Art Metal Works common
Oil
Jan
.
3%
preferred—
Ashland
20%
11 %
»
4 Vo
Light $7 preferred.*
.2.50
Equipment Corp new—
Aro
400
1% Oct
3%
Appalachian Elec Pwr 4%%
5%
Jan
4'%
Arkansas Natural Gas common...;
Arkansas Power
%
45%
iff
106 ft
Apex-Elec Mfg Co common—
class
:: 4,ooo
1%
3
Angostura-Wupperman
Common
Oct
common....1
preferred
Paper
Fence
Post
Anchor
-t
23%
3"%
..*
5%
Thread
American
80
I
.
10%
11%
Corp common..•
;—*
preferred
.
600
2,200
33/8
Jun
45%
,
$6 series preferred
American
1%
10
3%
Feb
Jujy
Sep
22%
10
2
common—
American Superpower
$6
££v:"'h '
l'/e
Chemical
American
American
1st
%
—•
American Meter Co
American
-
■
11% Jan
20
9%
common
dep rects ord bearer
Am
'
Preferred
1,900
I 19%
%
38% July
42% Aug
150
V,'i
20
25
common..
Jan
112
Jun
850
1
25
Co
3% May
5,200
93%
Mach
47% July
17%
300
& Tvac common
July;
Jan
525
107
45
12
5%
preferred—
American
36%
'/ 40 %
'
Light
Jan
——25
Hard Rubber Co
American
3% July
Jan
107%
convertible preferred
American
42% July
37% Oct
Jan
5Vs
preferred
convertible
$2.50
American
Jan
%
.'15%
1%
common.—10c
Corp
15%
1,700;
16
40%
.
100
General
15%
550
•
2%
10
common..
preferred
4% %
38
2
•
10
Power warrants-
Foreign
&
2
40%
37
—
10
non-voting
American
American
38%
25
——1
100
37%
—25
A
Apr
Mar
A
Bruwu
A—...—
9
2
Tobacco—
Mar
Light-
B„!
Class
$2
&
Power
Jan
% Jan
3%
..
Oil
Am
$5
Cities
American
2%
100
11
British American
35% Nov
115% July
Dec
73%
100
.100
preferred
American Beverage common
.
400
1
1
•
IIoo
class
6%
6%
B
Class
Sep
110%
110
110%
Industries common—
Aluminium
27%
28%
25
common
new
28% May
10% Dec
A
10
1
British
A
Class
Aluminum Co
Jan
Jan
19%
1
preferred
Brillo
28% Mar
82% July
rt
Class
11% July
,
Apr
"•
67/8
& Pwr.
common
Aeronautical
Corp
170
100
—'!/i
•
...
Preferred
Apr
Hi?*'
Feb
46
23
88
"""% "'A l
IlOO
Bridgeport Gas Light Co
Bridgeport Oil Co
Dec
Brill
•
10
(Mich)
Nov
Apr
110
1
common-
Investing $3
94
Jan
91%
...
Allied Intl
Jan
72
Low
3%
85%
■
—
Traction Lgt
Corp
.V-.
common
preferred
3% July
35%
Range for Year 1943
High
1
J
•
Inc..
ft 1% 1st preferred
$5
Shares
25
Bowman-Biltmore
90
;
-'v;
Borne Scrymser Co
9 %
.
low
ZIoo
5% May
9
July
Dec
for Week
of Prices
common
Jan
200
3%
89
Alabama
Co
1st preferred
1%
22% Sep
(H C)
Breeze
Air-Way Electric
Sale Price
Par
Bohack
Jan
3%
,
,
35%"
353A
July
3,700
37/s
14
High
Feb
700
2%
2'A
Ended Jan,
5
200
:1 400
2%
/ 9
Week
5%
7%
9'A
7%
7'/a
1
common
Low
80
23
22
17
20
10
common
Supply Mfg class A
Ainsworth
Air
Co
High
Low
Par
Acme Wire
Range for Year 1943
Shares
of Prices
'•'■/■'/ft Sale Price
Id
Sales
Range
Friday
'
for Week
Range
Last
Exchange
"
Week
shown
are
security, whether stock or bond, in which any dealings have occurred during the current year.
STOCKS
New
range
,
extensive list we furnish a complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday,
the present Friday (Jan. 14, .1944). It is compiled entirely from the daily reports of the Curb Exchange itself, and is intended
In the following
Jan.
RECORD
disregarded in the week's range unless they are the only transactions of the week, and when selling outside the regular weekly
No account Is taken of such sales in computing the range for the year.
-Vft.<■(
and deferred delivery sales are
the week in which they occur.
NOTICE—Cash
in
% May
32%
5%
67
Dec
Jun
July
Jua
H41/2 115
108
20
111
Jan
121
108
20
103%
Jan
110%
Juh
2
Jan
5
Jun
106
4%
4%
1,900
1
THE COMMERCIAL &
238
EXCHANGE
NEW YORK CURB
Week
Ended Jan.
,
.
Mining
Consolidated
preferred
Royalty Oil
Steel Corp
Consol Textile Co
i—
Continental Gas & Electric Co—
—100
,:.u
'
10
• r
10c
Consolidated
Consolidated
1%
Varnish Co—
Cooper-Bessemer common
$3 prior preference
Copper Range Co..
Cornucopia Gold Mines—
Cook Paint &
13
38%
preferred
convertible
Crowley Milner & Co.
Crown Cent Petrol
(Md)
5%
1,550
4%
Jan
%
%
800
33a
Curtis
Curtis
41
"l%
30
1,000
--
23%
2%
25
%
200
23%
13%
175
Class
Jan
--
%
4%
3%
"2%
Dec
10% July
■-
Jan
Oct
1,900
aa
3%
3%
2
;
1%
Jan
Jan
4%
Sep
10%
Dec
14
25%
3%
Sep
3
Dec
10
8%
Jan
20
Oct
Hamilton, Bridge
B
—*
1
15
Jan
24
Nov
33%
35
'
■
Stores
Dejay
$6
8%
1
—
Dennison Mfg
prior preferred
debenture—
Derby Oil & Refining Corp
A convertible preferred
Detroit
6%
19%
n
Hec»a
Mining Co
79% JUn
1% Mar
Jan
4% May
2
10% Mar x
v.y
6
~6%
200
6%
614
.
14
Nov
Jan
7
Jun
5%
Jan
11
Oct
2
300
Jun
3%
2,200
12
Jan
21%
"•
vT;-
■
■—
10% Mar
9
25
"
rl3
5%
11%
Sep
21%
30% Mar
Sep
■
rl3
Texas Sulphur—
Gas &
6% May
Oct
21%
Jan
6%
■
—
Class A—„——_
4%%
prior
preferred
Dec
States Corp
Eastern
9% July
Economy
Electric
$5
$6
^ it;;
Grocery Stores
Bond & Share common
Electric Power &
25
1
2,100
%
750
10 '/4
Jan
1,100
10 y4
35%
35%
Hollinger Consolidated G
88%
88%
National Watch Co.—
Electric Mfg
Empire District Electric 6% pfd
Horn
100
•
participating stock
5
8%
8%
1%
Dec
Jan
62
Inc—...
Eureka Pipe Line common
.1
•
26
2% May
9
Jan
x
Jan
x
V;
Feb.
88
200
16 %
176
22%
326
■
X
.
Sep
31
9 % May
Nov
h
43
Nov
12%
Jan
Jan
July
105
v
Mar"
4,400
;
July
Feb
4%
12,500
9 % May
Jan
>V
5%
32
31%
1
Jan
1% July
V
:35
May
,6
Jan
Dec
2%
1,300
5%
5%
"-x'ivV
Jan
34%
Sep
Jan
21
Dec
7
100
20
20
Jan
25 %
'
•wW:.
50
—1
Inc common
Eversharp
7
100,
1%
$3
Dec
Dec
100
8%
1%
Esquire
Jun
15
89
X 29
10c
Equipment.
Equity
Apr
6%
Jan
90%
60
Corp common
convertible preferred
Derrick &
Emsco
Jan
Jan
v
'■
42
Jan
150
&
1
1
Falstaff
1
Fansteel Metallurgical
;
*
Fedders Mfg Co
5
Federal Compress & Warehouse Co..25
Fire Association
(Phila)—
10
Florida Power & Light $7 pre/erred—*
7%
Ford Motor Co
Ford
8,100
1%
7%
Jan
15%
5%
5%
5%
62%
109% 110 ig
1,075
Ligonier Co:*.
20%
:
France—
rets bearer
(Peter) Brewing Co.:
20%
300 X
81%
Jan
15%
16%
50
19%
19%
,V
Jan
■'
3% zf.
3%
Ireland
.....—
11%
10%
—-«
-
-
■
-
^x::-'
.:'?
3%
Co
""
Gellman Mfg Co common
General Alloys Co.
«
Amer dep rets ord
reg
General Finance Corp common
5% preferred series A
General
Gen
Uas
For
Fireproofing
&
Elec
$6
footnotes
«
f1
W
'
preferred B
page
241.
'
V
1%
'
;
—
1%
18
\l
V
600
Interstate
Oct
Interstate
71%
109% Dec
6
May
Jan
22
~~io
11%
_•
15%
116%
12
150
11% May
27
50
9%
Jun
27% July
15%
Jun
21%
500
24%
Jun
26%
500
32% July
200
15
15
10
10%
15%
50
36
11%
30
Sep
20
Jan
3,600
15%
Dec
35
4%
Aug
105
Mar
39%'
39
39%
4%
7%
27%
Apr
115%
Aug
20%
111
275
20
26%
25%
111
..
Jun
42
Dec
3,700
4%
4%
600
5% Mar
7%
7%
300
8% July
Jun
Jun
9%
Dec
Dec
10%
1,700
5%
9,500
1
Jan
45 V4
10%
10%
2%
22%
4%
22
700
200
2%
2%
20%
■
2.600
25
Jan
45%
22,500
3
Jan
10
Oct
16%
Apr
4%
.
43%
11%'
9%
11Vz
11%
12%
1,500
Interstate
Royalty—
Fireman Mfg voting trust
Iron
Italian Superpower
7% July
15% July
15% July
10% July
Dec
24
Aug
112
Sep
109% 109%
109%
90
91
Jan
46'%
100
20
Feb
45%
Oct
20%
Jan
48
Oct
::
46%
44
.
49
49
70
%
,
Jan
27'
27
275
15%
Jan
38% July
81%
84
700
69%
Feb
87% Sep
15%
500
12%
Jan
7%
2,200
2%
Jan
3%
800
1%
Jan
—
82%
,15%
15 %
7% ;
7%
3%
3%
7%
—.
1*
J
8%
100
—
9%
26%
45 V,
45
Jun
1% May
21%
Jan
Vrt
Jan
750
7%
Jan
26
Dec
tV Jun
Dec
100
32
Jan
45%
1
Nov
3%
Jan
24%
Jun
1%
1%
100
21% Feb
1%
Jan
10%
%
Feb
..;
A
,
Jan
% Mar
1,200
%
24%
Jun
10% July
3%
:
100
21
21
16%
,11% May
5
May
14% July
21% July
21
July
Jan
6%
400
1%
%
..t:
—
>
100
19
1%
1% July
Jan
13%
14
;
Nov
6%
11,600
8
%
26%
-i
— lix
>
3,700
19%
19
21
1
ctfs—•
8%
18%
8%
19'A
8 :
,
■
8% Jan
—
;
•
A^
Oct
Jan
8%
*
♦
1
*
Air Chute—■—'——.
Sep
9% Jan
100
12
12
• —
"
5% Mar
10
16% Jan
—-—•
preferred..——
Home Equipment
Hosiery Mills
Power $7 preferred—..
5
9% Jan
250
ib/a
—
.£1
—
•>.
14% Jan
—yy
7':'„; Dec;
7%
% Jan
Dec
Oct
ft July
21
10%
July,;
Apr
2
Jun
July
■
1
Jun
Aug
Jan
4% Mar
20%
Jan
15
Jan
44
Jan
64
Sep
Mar
.
Apr
July
3%i.3%
Aircraft Engine Co
;
..1
(FL) Co.....—T.l
Jeannette Glass Co..—
,
—•
Jacobs
Jersey
6%
2%
Dec
6
6VB
2%
,5%
Jacobs
2 'A
-
Central Pwr & Lt 5%% pfd—100
preferred.;
—100
preferred—,
100
& Kokenge Co.
—
•
Jan
,89
Aug
Jan
97
Aug
79
Jan
102%
Oct
13% Jan
100'A 101
2%
69%
96
6%
V Jan
66
2%
Jan
1
88%.:, 89
947/8
K
July
Dec
10
68 %
Dec
82% July
Jan
1
%
Jan
2%
Jun
1% May
12%
12%
100
—
14%
15%
116% 117
Kansas Gas &
Kennedy's
Elec 7%
Inc
preferred
100
5
*
—
Ken-Pad Tube & Lamp A
_
'ir-
11% May
Jun
1,500
50
9%
Jan
13% Sep
2
12%
700
..
1
—1
•
.—5
B
29% Nov
3
400
1
common—II—V*
see
—
1,800
10%
15%
...
prior
6%
'
'
"
Gen Electric Co Ltd—
8
8
—
,
Apr
6%
12%
34%
.5
.*
preferred
45
100
■
-
July
7%
6%
19%
Sep
/
Jun
Jun
'V'
•
8
inn
46
21%
shares—.,.—.—.—*
$3.50
7%
•
common
10
11%
■
Power
preferred
May
4% May
300
41%
Nov
6
26
Petroleum coupon shs__*
$1.75
G
5%
3%
41%
..
International Products
...... 10
International Safety Razor B—
'•
International Utility class A
•
Julian
Gatineau
2%
*33 % May
14% July
Warrants., '
Jun
6%
29
25
400
V
5%
29%
7%
July
24
9
Vv -V,
58
58
...100
650
300
30
May
.
preferred.
—100
Insurance Co of North America
10
International Cigar Machine—
•
International Hydro Electric—
Preferred $3.50 series
——.50
International Industries Inc
1
International Metal Industries A——•
International Minerals and Chemicals—
v
Class
21% Sep
HVa Mar
200
2
27
Indianapolis P & L 5%% preferred.100
Indiana Service 6% preferred
100
7%
preferred .......—-...—-100
industrial Finance v t c common
,_1
Nov
42
2%
100
17%
17
11%
X
"5%
Jun
May
2,900
.,
Mar
Mar
15
V—* ' "VV
'V--x:•••.;
*"!%
v-i
preferred
13%
Jan
'
preferred
vx
1% Mar
dep
convertible
•;;;
-
.—
Imperial Oil (Can) coupon
*
Registered
—..
*
Imperial Tobacco of Canada..........5
Imperial Tobacco of Great Britain &
Irving
•
•
Motor of
Jan
3%
■
NOV
50
1
1
2.50
..—...10
M
July
5
..5
...
Investors
400
4%
4%
X
Nov
57%
100
Jan
29%
62%
110
3%
400
'
•
Jan
10
1,100
:
7
26%
3
Jan
900
14%
15
10% Mar
Nov
2%
—£1 i~
B
Franklin Co Distilling
1
Froedtert Grain & Malt common—.1
Fuller (Geo A) Co.
.1
$3 conv stock
•
Fox
6%
13%
2
Motor
Amer
800
Ltd—>
rets ord reg
of Canada—
Class A non-voting
Class B voting.
dep
Am
Ford
7%
12%
2%
Engine & Airplane
Brewing.
Sep
116
Nov
6% Sep
4% Mar
—
.
Hardart
Registered
Fairchild Aviation
107% Mar
•
5%
—————50
45%
Dividend arrear ctfs
:X 11%
Illinois Zinc Co
—•
11%;
Imperial Chemical Industries-—,
Am dep rets regis
....
£1
■
'Fairchild
10
114
Jan
25
_l
•
•
—1
Hardart Baking Co———*
International
7%
102%
;;x
—
Co common...
(A C)
5% conv
Dec
36
Jan
105
105
20
Illinois Power Co common
Dec
2
9%
8%
9%
■is;-;-
36%
43%
30
30
4
;
42
%
.
Apr
4% May
1% Jan
Jun
600
47%
;xx
July
l%May
Jan
2%
3,800
90%
■%
15
Emerson
26
Apr
87
■
47
1
38%
Jan
39,000
8%
83%
Mar
10
Apr
12
W'8
84
Jan
"31%
1,500
5
200
July
36
6%
A—*
Holophane Co common
;
Horder's Inc_^_.———...—
Hormel (Geo A) & Co common.
,
2,475
5%
19%
•
Elgin
Power
41%
39%
Option
Empire
.
•
20
v'vi- ;?'i
8Vs
59%
Jan
%
5%
5
warrants
Electrographic Corp
1,000-
34
41%
-——*
*
Light 2d pfd A
*
preferred
preferred
42
850
33%
25
34%
34%
1
•
•
Jan
32%
V,^
■
140
Jan
5% Jan
.
2% May
Jan
56 lA ; 57%
32%
—>X'"
•
•
preferred series A
$6 preferred series B
Eastern Sugar Associates—
$5 preferred v t c
Easy Washing Machine B
$7
u
600
25
•—
300
111% 111%
—...—...——*■
Heyden Chemical common
Hoe (R) St Co class A—
Hussmann
100
....25
—*
preferred
Malleable Iron
6%
Eastern
:
27%
500
.7%
7
....*
5
50 * -—
—25c '
6%
Huyler's common..^.—...
1st' preferred /
Hydro-Electric Securities—
Hygrade Food Products——
1%
July
85% July
127% Mar
25
134
30% -32.,
—
—_—
1%
;
109% 111%
preferred—..........—...100
Hubbell (Harvey) Inc
1......—5
Humble Oil & Refining
*
Hummel-Ross Fibre Corp—
.—5
)
67% Mar
n^4
"
--
5%
1%
-
—12%
Henry Holt h Co participating
Hewitt Rubber common.—...
Horn &
:
Oct
175
i-
Heller Co common.^—.-..^-^.—..-2
Preferred
..._T——„_25
Horn
•
100
Fuel Assoc common
Apr
9
85%
—1
•
East
5%
3% Jan
134-
',
134
—
14%. Jan
22
Corp
Helena Rubinstein
Apr
Jan
%
20
Apr
19%
Mar
18
700
X
21
; 22
preferred
13
1,200
•3%
3%
20%
Dept Stores common
i 6%
Jan
500
22
Hearn
Jan
100
u
3%
Hazeltine
Nov
62%
19%
it
Jan
1,500
84
iX—XX;
Corp of America B non-vot com—1
Mar
Jan
x8%
.
Hat
6
1%
x
30
73%
73
3%
7%
'
Jun
July
111
Feb
110
10
800
5%
Jan
50
60
75
Oct
6%
4%
Rayon
-72
1
*
Duro Test Corp
Duval
Jan
113
20
Hosiery class B common—
common
Jan
1%
7
1,200
VxVx-
1
Detroit Mich Stove Co common.
1
Detroit Steel Products
10
De Vllbiss Co common
—10
7%
preferred
—..—
10
Diamond Shoe common
*
Divco-Twin Truck common
1
Dobeckmun Co common
1
Domestic Industries class A com
*
Dominion Bridge Co Ltd
•
Dominion Steel & Coal B
25
Dominion Tar & Chemical Ltd
*
Draper Corp.
1
*
Driver Harris Co.—
10
Duke Power Co.———
*
Durham
3Va
5%
73
•
1
Foundry
Gray Iron
Detroit
Hartford
69
'.'V V
com——•
Gasket & Mfg
preferred...
Dec
113
100
Oct
700
5
1%
Jun
35
'V,.
31%
7
;
1
19%
Jan
,
56
Jan
■"
voting trust ctfs
Harvard Brewing Co.
Jan -X
24%
3%
Feb
22%
4%
-
Dec
5%
Jan
150
-
11%
'
am
July
1%
Jun
Mar
% May
33% Oct
20 %
10
3%
75
50
,
m
"3%
5
class A common
12%
27
30
31>A
7%
•
10
25
33%
15%
31
•
Apr
July
108
Jan
as3 Jan
400
58
—»w'xx
•
40
1,800
31%
Co Ltd—:—
1,650
'
16%
A
May
18%
V 5% Jan
——
Oct
Sep
13
Jan
96
5%
%
« 5%
———...i,—...Jl
Lamp Co..
16%
■
■
900
—-
56 -::
Paper——.
...
Hartford Electric Light——.—
■
10%
Apr
Nov
12% Jan
425
A
X.
Hammermill
3,000
•
15%
40
5%
5(
.
10%
26%
4,900
147/a
—■'
52%
11
•
Sep
11%
Jan
4%
y;.;'
"•
Jan
45
.
•
.
Petroleum common
Davenport Hosiery Mills
Dayton Rubber Mfg
Class A convertible
^i
400
10%
43%
Feb
4%
50
V"--'
,.■
89%
;
.
x-
Mar
Feb
Hall
Darby
'•
'
—J
'
,
10%
10%
9%
Mines
...
—
1%
20%
Nov
common
8
19%
100
•:
class A
Apr
July
1%
—
20%
Sep
Jan
■■.
——
Apr
227/a Jun
3,400
6.
112
15%
preferred——100
Paper..
....25
Greenfield Tap & Die
•
Grocery Stores Products common—25o
Gulf States Utilities $5.50 pfd
•
$6
preferred
•
Gypsum Lime & Alabastine
•
1% Apr
Jan
15,600
21%
20%
4;
Jan
39%
Great Northern
Sep
15%
—
100
——
1st
7 %
2% Aug
Jan
Jan
x;
20%
50
10
10
Varnish..
—1
Gray Mfg Co———
Great Atlantic & Pacific Tea—
Non-voting common stock
_•
4% July
2%
%
—
112
;V 'VJVfv::;V
Grand Rapids
100
19%
*2
Jan
9%
Mfg
Dec
Jan.
31
B_
Gorham
July
9
Jan
XX 3%
"
Mfg Co
76
52%
200
•
700
—
•
-10,
Sep
6"% Mar
'
—
30%
.■
3,100
14
4A
Jan
2 % May
150
preferred—.
$3
Jan
220
il,-
•■•AsFii.
Gorham Inc
15%
27
26%
;
Co—
Goodman
%
:
Aug
9
w.:v
common
preferred
Goldfield Consolidated
July
9
May
112
...
....
$7
26% July
Jan
Dec
2
'
76
8%
Godchaux Sugars class A
Jun
3 % May
75
>•"
42
75%
Gladding McBean & Co—
...
Aldeu :coal_——„—————.
2% May
90%
Jan
Jan
42
Dec
2%
.4
com
Glen
& Apr
Jan
(A C)
82
Jan
1,100
1%
1%.
Preferred
■
Gilchrist
17% May
Jan
79
■'
Apr
11%
Apr
86%
Gilbert
Nov
Jan
2Ve
8
Tobacco common
•
Lighting Inc common
2.50
Mfg Co (Mo)...-.—--5
Cuban
15% Mar
Sep
1%
25
preferred
Atlantic Sugar
$6
Cuban
13
Jan
36'A
86%
8
Refining common
Crystal Oil
15% Mar
Jan
100
•
25c
Drug Co common
convertible preferred
Crown
Dec
■:
8%
38%
.
International A
Cork
Crown
Jan;
High
Low
% May
70
83
79%
,,
61
30
79%
Water Gas & Electric common
$3
preferred
—
Georgia Power $6 preferred
$5
preferred
Dec
103
Range for Year 11)43
':T'x
High
Low
preferred
convertible
$6
V
Gen
8%
—
8
-*
1
Petroleum
Brewing Co
Croft
Sep
9
100
—•
receipts (ord reg)__£1
Liquidating Co
C W
Oct
4%
1,100
x-
Courtaulds Ltd—
Creole
10%
5%
$6
American dep
Jan
5%
12 %
38% y
5%
/a
J
—*
1
50
& Reynolds
preferred A
Cosden Petroleum common
97/b
12%
General Shareholdings Corp
2% May
Jan
Aug
; 76;
1,300
9%
12%
General
V
.
X
Shares
of Prices
5
190
lZVa
Nov
5%
1,600
102% 105
General
112
Jan
,
lVa
3%
7% July
Jan
'
for Week
Range
Last
Sale Price
X
■
Par
Outdoor Adv 6% pfd:
.100
Public Service $6 preferred—1
Rayon Co A stock
Z'X'■ '■ :■■■ 0
General
3JA
900,
9%
3%
9%
9%
3%
*
•
—*
Con ton
5%
;
—
-~
5o
d——-*
Coro Inc
107
105
9%
100
—1
*
Continental Roll & Steel—;
3%
400
7
6%
1
preferred
prior
34%
•
Mar
41
Jan
31
500
—
Retail Stores
8%
;V'
5
1
& Smelt Ltd
Consolidated
High
L0U>
34%.
33%
Year 1943
Range for
High
Sales
Week's
Friday
.
14
Jan.
Ended
Week
Exchange
Curb
York
New
Shares
of Prices
Low
Par
..
-
for Week
1
Last
Sale Pries
Curb Exchange
It
; '
York
New
Sales
Range
Friday
STOCKS
STOCKS
Week's
Monday, January 17, 1944
FINANCIAL CHRONICLE
Jan
4% May
7%
Feb
xl3%
Sep
90
Apr
8% July
16%
120
Key Co common.
Kings
5%
Co Lighting
preferred D
Products
Petroleum
Apr
Kingston
Dec
Kirby
—
•
15%
'
121% 121%
11%
16
*
i
1% pfd B_.
.
—i
100
100
1
1
123
May
6V2
Jan
10
Dec
5%
Jan
14%
Apr
5%
Sep
5%
Sep
115%
•
Jan
45
45
%
45%
July
63
32
Jan
49
4
2%
3
1%
Jan
4%
4%
1%
Jan
5% July
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4247
NEW YORK CURB EXCHANGE
York
Curb
'
-
Kirkland Lake G M Co
Klein
Emil)
(D
Kleinert
Knott
(X B)
Co
Rubber Co
Stores
%
13%
Apr
16
9%
Apr
12
4%
10
Jan
Feb
10
92
100
15%
15%
Jan
105.
"/r
1
.
1%:
'■
..
102
-100
•
r
(
180
103
85
85
100
10
-1
Oct
Nebraska Power 7%
Oct
:
Navarro
Nehl Corp 1st pfd
Nelson
(Herman) Corp
9% July
/ Feb
Oil
Co
*
preferred
69
10
:
■
4Va
200
7%
.Dec
85
July
Jan
preferred
$2
1
.5
100
—
1
.
Class
B_
.
.
10%
Dec
6%
'10%
-
Clock
Co..
/
Jersey Zinc
Mexico &
10%
28%
,
10%'
Lone Star Gas Corp new common-—10
8Vb
8Vb
.
Long Island Lighting common
_•
1%
7% preferred class A——
—100
56 %
6% preferred class B_
—100
54
Louisiana Land & Exploration—
16%
1%
53 V2
52
6%
Louisiana Power &
110 Va
Light $6 pfd—*,
Lynch Corp common
—
0
27%
__
Apr
N
Y
&
N
Y
Honduras
N Y
Sep
Founders
5V4 Mar
2
Nov
28%
Dec
% May
r..."
.
shares...
Niagara
Hudson
5%
1st
2d
preferred!
preferred
A
optional warrants
Class
B
optional
Jan
24%
Oct
Jan
Class
2% May
A
18%
Oct
Jun
Nineteen Hundred
Jan
9%
Apr
Nipissing
Noma
55
Aug
Jan
52%
Oct
2%
110
Jan
$6
Aug
Jan
:
—
/■/A.:,/
"
Mass Utilities Association v t
c__
B
!.
7%
400
y144
3%
25%
;
Jan
...
——
.
Jan
600
2%
700
5
%
100
101
1%
1%
5
Co
6%
1%
States
class A
Power
1
„
1
Sep
Jun
Oct
8%
1,700
112%
7
Va ',■'■/ %
700
•
7 Va
Jan
10%
loy^
6%
Oilstocks
Nov
Ltd
40
6%
25%
83% July
75
110
42
Jan
76'/a July
i/64
300
1/128
Jan
3%
A
Jan
8%
Feb
U May
6% May
Jan
104%
Jan
Nov
Oct
12%
,
Apr
*
;
9% July
1% May
1,200
,' %
2,000
v. 3 %
Jan
1,700
38
Jan
113 Va
3,950
5214
Jan
103
Dec
22%
Jan
34
.5%
5%
106/:
'
30
200
29%
30
300
Jan
4%
•
Jun
% May
23%
Jan
34
july
July
51%
Feb
53
Mar
Feb
1%
Apr
Feb
6
Jun
Dec
83
Dec
104
Aug
112
Nov
.4
-,
~i
~7%
4,500
104
104
•
,7
82
10
,
Jan
~7%
'
"7%
5,400
4Va
Jan
8% May
23
7%
•
24
300
16%
Jan
27% May
4
600
3%
4
$3
conv
15,700
prior preferred
■
25%
Can
Pacific
Gas & Elec 6%
Co
common—
Apr
Dec
Jan
2J/a
Jan
10%
Dec
Mar
9%
Feb
Dec
5%%
.
.1st
/:■'/ 21
Jan
,
.1
•
Mfg
Mining
Minnesota
Pwr & Light 1%
—
Motors
Corp.-...
Pea Co
2%
Apr
Jan
8%
Jun
Peninsular
16 Va
50
2%
300
35%
275
://:
—
•
Mississippi River Power 6% pfd— -100
8%
8%
~2~50
Jud Voehringer common
1
Corp
common
1
1%
1%
450
Dec
Jan
112
Aug
Jan
8%
%
& Power——
171
*
Mtge Bank of Col Am shs.
;
Nov
■
—
Penn
/•
•
Power & Light $7 preferred
$6-preferred...
Penn
Traffic Co
Jun
10
Producers..——
Power common-
Jan
163
50
/■/:
8 '.
180
Apr
Nov
Salt
*
5%
5%
9
6
19
•
Circle
Co
Co
:/
2%
Mar
Packing
Securities
4%
Jan
Apr
Pierce
13%
Jan
.'20
Aug
Pioneer
112%
Jan
132%
Nov
Pitney«-Bowes
9
/
Jan
15%
Jun
Pitts Bess & L
.//Z//.:1
'
!
Feb
Jun
•/% Jun
6%
■:
15%
50
17%
32
110
9% Jan
Oct
99
Nov
5"% Sep
19% Aug
86
July
9% Oct
6% Apr
26% Nov
Feb
600
-
100
8
14% Sep
36% July
/33V* July
:
3%vJan
6 " Sep
14
Jan
24
4%
65Va
Co
Governor
Gold
5
65Va
%
94%
99%
-ft
<9
500
33 %
7
23 Va
400
24'A
2,700
...
12 Va
12 Vo
2-,^
7%
8
50
E RR_—
__
300
r
July
July
9% Jun
34
30
July
13'A Jun
2'/a Sep
7% Jun
42% Jun
Jan
38
■
%.■ Juh
July
Sep
34% Sep
7% Oct
9% July
Jan
1% Jan
6
Jan
7,500
8
'
69
125
8'/a
100
118
*
1
Meter
'■•••/;
Jun ,.//. ;."3
31% Feb
4lA Jan
8% Jan
50
.7%;
23 Va
•
..
500
9%
33 %
4
—
7'A
9%
Sep
Sep
July
100
21% Jan
4
Jan
5
Jan
—
7
7
__
% Dec
2%
125
—
•
'
Ltd
Postage
127% 130%
130%,
,
51Va Jan
104
Jan
400
65
Nov
1% Apr
105
__
__
41
173
3,300
%
Oct
32% Apr
5% Sep
68
Nov
Jan
76
50
64 lA
Aug
36
74% Jan
150
Jan
240
%
37
/
,
% Jan
650
93%
64 Va
19% July
-
,
200
90
64%
.
•,
common
Mines
28
Jan
—!'}?' 28% Jan
30 Va Nov
13,800 /
3% Jan
/25
44
Jan<:
*
27% Jan
50
.
64%
__
1
common
1
65%
97
*
Phoenix
30
900
.
May
8
8
72% Jan
16,300
—
•—
100
Phillips
V
Jan
■
__
Perfect
Mfg
50
//;*
19
128% 129%
117
1
3% Jan
—
—
87/a
%
■
pfd.—25
33% July
'"mmwm ''
Pepperell
Phlla Electric Power 5%
Jan
■
:
__
8
5
•
20%
1%
Jan
102% Jan
73
Jan
3% Jan
160
__
—
1
175
100
Feb
Jun
8% Jan
31
Jan
28% Jan
300
5
__
20
.....
common
29
800
7
- •
160
i
100
...2.50
Penn Water & Power Co....
Pharis Tire & Rubber
23%
:■
107 Va
32
•
Philadelphia Co
Nov
1%
110'
<
200
17.
•
Sep
15%
9
55'A July
300
24
8
..
50
...
Jun
300
1%
Mountain States Tel & Tel——.— "ISO
Ohio Mfg Co.—
5%
1% May
16%
'' / 9'/;.
1%
'
171
1% Mar
.■■•L.—'' :
Apr
Jan
1,000
$2.80 series preferred
*
Penn Gas Si Elec class A cpm——*
Penn
it 4
Jan
13Vo
35%
98
__
preferred A—.————.25
Pennroad Corp common—
1
Pennsylvania Edison Co $5 series pfd_*
Mfg Co...
Sugar Prop common—
29
29
City Copper common
/
3oo
-
33
107
__
$1.40
Nov
16%
—
9
Moody Investors partic pfd
't'
__
7 «/4
13
*
common
Penn
13%
Jan
xl4%
Dec
Telephone
13
July
21% May
Jan
200
.
Z
■
A
States
98
1,500
-.1%> '
.
10/
Utilities
Mountain
Sep
59% Mar
Jun
4%
1,700
3%
2%
Nov
8
18%
3
3
Mar
2% July
Apr
5%
Oct
19%
48
—
33
35%
—
'
A—
Mountain
Jan
1
100
10
17%
18%
1 /
—
19
49
200
15
9%
•
Monarch Machine Tool..———-
8%
15
Apr
Jan
»-* O O
•
Public Service common—
35.%
90
—
Oct
July
16% Aug
640
■
■
35%
__
10
...
Jan
.
-
7
l
...
—
1%
•
112
15%
i)
__
6%
55
55%
—
pfd— -100
1
Dec
50
/
,'/
•
600
1%
5Va
5,400
' ^
110% 112
1
100
1,600
■
55
Service—5.
$1.30 1st preferred
«
Page-Hersey Tubes common..
Pantepcc Oil of Venezuela Am shs
8%
8%
1%
2%
__
21%
Public
8%
•
Jun
118
July
Dec
14
Dec
115Va
22% May
3%
19 %
55
Parkersburg Rig & Reel—1
Patchogue Plymouth: Mills.......
«
:
110%
106% Jan
107
Jan
103% Mar
70
111
25
1%
:
8%
^
Jan
——
21%
V- JY : !/
25
—
16'/a
-
110
Jan
91
40
110
*
^
Pacific
22
300
;
5% Jun
17%
200
115
RecnritieH—1
Overseas
'
115
/
—
l/.<
—
7% Mar
15%
mm
•
112% 114
.
«
•
^
9%
1%
—
;
•
United Filters B
Omar Inc
2% Jan
50
490
60
6% July
4%
/
19
111
15
common
preferred
Oliver
19
no
5
Oklahoma Natural Gas
&
19
ill
8%
';4k—
Supply
Minnesota
Murray
Jan
Sep
1% May
"
mm—
25%
—10
Mining Corp of Canada
Mountain
54
V* Mar
j
Jan.
.
8
..
;
Ward
500
"i% "l%
100.
common
Dec
5%
2,000
10%
■
•
Montreal Light Heat
82%
*
1st pfd—
preferred—
Pacific Lighting $5 preferred
Pacific Power & Light 1% pfd
x3Va
1,500
2
1%
•
Refineries
Montgomery
3%" Jun
•
common
preferred
i% Mar
5,000
.9
X8%,
—
Abrasive——-—
Dakota
Jan
111% July
,
,% .Jan
1,400
6%
6%
6 Va
;
Oil
Montana
1%
;//,2% Jun
37/a"July
Apr
-
19
Apr
'l% May
Jan
100
.10
%
■:
8%
5
shares.
Co common
Loan Society
21,200
102 %' Mar
100
$6
preferred;
7% 1st pfd_
1st preferred
Parker
Monroe
Dec
3 %
8
104
100
Public Service
4%
Jan
28
111
•
1
common—
Pictures
Sep
70%
83
4
——
class B
Co
Paramount
Monogram
111%
Jan
91
..
25
Ohio
4%, Jan
*
——10
$2 conv preferred—*
$2 non-cum dividend
Molybuenum
Jan
5,100
7
—^T1_-T.^ir.r..»
Corp.,
Power 4%%
52
1% Mar
%
Class B V t C———1
Mock
May
Nov
100
Ohio
■
Missouri
23
."
36%
Dec
Apr
Xl50Va
Jan
1,800
'•
111
Middle States Petroleum class A v t c_l
&
/July
%
pfd.100
.'
Edison
Jan
98%
50
■
—
Micromatic Hone Corp
Mid-West
xll
50
Pacific
Midwest
Nov
.
105
.
102 Va
11%
5% /.
1'
Brass
Jan
L—2.50
Michigan Steel Tube—
Michigan Sugar Co
v/ Preferred———
£o
Piping &
113
Feb
20
—
Ohio
Jan
;%
ml*
25c
preferred
—15
Metropolitan Edison $6 preferred
•
Michigan Bumper Corp
1
Midwest
Jan
.
Ogden Corp common—;
Jan
21
6%
101
—
—1
Textile Corp
Mid-West
24% May
13% July
40
'
400
..
/
50
4% May
13% May
■
Jan
600
%
'
Participating
Midvale
102
i 95%
100
':
30
8"% Jun
1%. Jan
■,
8
'42
6
6%
•
———100
A preferredMessabi Iron Co
6%%
Corp
40
v/Z 10
"
109 '
2
4%. Jan
125
3%
41
—
—.—
——...
West
Jan
\l
5
6% May
lV Jan
20
/
145
3%
common—,—
Chapman & Scott
Middle
18
Mar
; 300
'
145
'.
& Co
Midland Oil Corp
'/z
~5%
class A.—*
preferred
$5 %
Metal
Febv
Jun
4
400
3'/a
.
,9%
Dredging
Warrants
'-
.11%
lls/8
Utility Securities——•
Penn RR
Northern
35
2,600
.7%
3
Memphis Natural Gas common-
Merritt
Jan-
5%
—
Ohio
7%
3
Massey Harris common—
Stores
2%
75
—
common——
Novadel-Agene
Jan
100
%
M
7%
McCord Radiator & Mfg B
Mercantile
25
—
———————.——..I
prior preferred
Sep
Jan
Jan
—
.
Johnson
\July
4% May
8% May
82%
'
Mead
Feb
■
13%
3
—
.
Jun
6%
90
,
26
—
"4% ~4%
Steam Shovel
McWilliams
2%
Marine
Margay. Oil Corp-.————i—
Marion
100
Sep
Light & Power common—1
preferred——.
•
Class
Jun
>
Co Ltd
munication
2%
2
Mfg Co
International
Marconi
31
Co
■
Consolidated
Mapes
Jan
Jan
4
Jan
1/64
:
•
,
Electric
North American Rayon
29% May
Jan
2%
68 % Mar
Jan
9% July
Jan
51
Jun
67 Va
North Amer
100
Dec
1%
://600
113'
82%
,
...1
Nor Indiana Public Service
//--;,
Jun
21%
'
23
13%
100
..
Corp B
Mines
Apr
Jan
20
■
7%
66 Va
5
Niles-Bement-Pond
16%
jY Jan
53
600
.
preferred.—
Oct
Jan
6%
'/v
1,800
2%
109 Va HOVa
.
warrants
Niagara Share class;B common
6%
--
'
Jan
Oct
9
Jan
103% 103%
—
100
Class
Nov
21%
5%
5Va
474
13%
57
113
,
100
.
Jun
North
.«
(The B)
Manischewitz
Sep
110%
10% Mar
/"'., 67
10
3%
_
13
%
Nov
18
Jan
100
;
21%
23
100
Power common
12%
2,600
7
9% Jan
87%
—
pfd.100
pfd
%
2
53% July
1,600
7%
7%
1
N Y State Electric & Gas $5.10
N Y Water Service 6%
32% July
4
1%
5% May
Jan
25%
"
Northeast Airlines
1%
%
—
/Northern Central Texas Oil
optional warrantsMangel Stores——-i————
$5 convertible preferred
Jan
19
~3% ~3%
—'
n^,rrrr.*
—
North American
Manati Sugar
11% May
Jan
28
Light 1% preferred—100
preferred-^
Shipbuilding Corp—:
18%
M
6%
19
-
2%
-10
Dec
18%
Dec
1%
1
;
55%
-
Rosario
12%
28
6
100
100
•;•/..
—
Merchandise———————10
N Y Power &
Jan.
5Vs
Jun
Dec
Nov
21%
Feb
103
6
280
2%
»
*
Jan
1%
Jan
28%
"
5%
15%
814
1%
56 Va
5414
7
110%
15%
Nov
750
%
7/ 56%.
..I
common
7%
v-
.15%
Co
—v
*
17%
—
5
Auction
Land
common
11%
;
—
1%
__*
Y
11% Jun
Jan
24%
~
—
—
*
•
.
A
Locke Steel Chain-
%
28%
86
49%
//7%
25
—.
Arizona
Mar
Vff Jan
/
%
28%
Sep
Nov
.'
•
City Omnibus warrants
4%
% Mar
■
N
$6
—
114
105'% 106%
:
•
;
-
Y
105
19% May
2% Feb
.
6
3
48
\
—
100
N
VtW ^-""'1
■
49
•
.
England Tel & Tel
Apr
14%
Feb
12 %
10
Class
Nov
—
5
——
Groceterias
1%
2%
10
t_
/
25
—.1
___
Lit Brothers common—
2%
2Va
*
i
Jan
100
Lipton (Thos J) Inc 6% preferred..—25
Loblaw
2%
2%
•
Jun
39%
Jan
1
...
Leonard ,011 Development—Le Tourneau (R G) Inc
Lionel Corp
8%
—■
Realty common—
preferred—
Convertible
Line Material Co
2%
:—
_
14%
•
>/• '• \'iv-V'i?
Langendorf United Bakeries class A__*
Lefcourt
13 Va
•
—
1
common
20%
37
14 %
1
Corp of Delaware....
preferred
39'A
39
Feb
100
6%
6
3 //
v
—
—:
100
preferred
104%
8% Nov
/
New
100
Lane Bryant Vfc
Lane Wells Co
6%
•
6%
Jan
30
86
•
Sep
12%
112% 113
*
England Power Associates
New Process Co
Lakey Foundry & Machine
High
200
3%
Nestle Le Mur Co class A
New
Lamson
Range for Year 1943
Low
'
26
5
Neptune Meter class A
14% May
12% Mar
:';V.
7%
:
New
Lake Shore Mines Ltd..
Shares
Hiah
26
■
—
100
*
-
New Idea Inc common
(N J)
for Week
Low
Par
Sep
New Haven
Lackawanna RR
Sales
Range
of Prices
Sale Price
New
*
Inc
Koppers Co 6% preferred
Kresge Dept Stores—
4 % convertible 1st preferred
Kress (S H) special preferred
Kreuger Brewing Co
Week's
Friday
Last
>
Exchange
Jan, 14
High
Jan
Curb
Ended
'
——•
10
Corp common
Kobacker
Low
%
1
Ltd
common
York
Week
Range for Year 1943
High.
Low
Par
,
_
New
Shares
of Prices
Sale Prico
STOCKS
Sales
for Week
Range
Last
Exchange
Week Ended Jan. 14
/
Week's
Friday
STOCKS
New
•
•
Muskegon Piston Ring
Muskogee
-2%
^
•
Co common
-100
preferred—
6%
13%
12%
13 Va
6%
65/'a
;v: 7%
,/
200
10%
Dec
14% Mar
4%
•300
/;
Jan
Pittsburgh & Lake Erie...
Apr
69% Mar
Jan
Plough
-i. National Breweries
*1%
:
common
S3
V:
15%
1%
—25
Candy Co
50c
City Lines common—;
convertible preferred
National Fuel Gas
"
•
2,900
•"/,»>
■
25
__
t
13
12%
50
-
11%
51
11%
z,
••
—
13
■
:Z.
•:. /'
15%
2
/
May
35
■/
•
Jan
ft Jan
.
.
•vVV.:,;
50
>
Mfg & Stores common—*
y
10
300
■
•
—_—
National
National
*
1%
•
—
preferred
■'National
1
14%
1%
——-*
common—
Nov
18
Mar
•
/
Sugar
Sep
Powdrell
Jun
Power Corp
&
/
National Refining
National
Rubber
National
Steel
National
National
pfd—
_*
common..
Machinery—.
Car
Ltd—-—
Sugar Refining
Tea 5%% preferred
National
For
Tunnel
Union
&
101% 101%
Pratt
35
Nov
Premier
40
Sep
Prentice-Hall
13%
Lambert
Gold
11%
500
11
400
Mines
see
page
\
20
19%
12%
12
4%
_*
1%
30c
—
241.
3Ya
102
July
20
800
3%
Jan
12
Dec
6%
Jan
13
May
10%
-_/
.10
Pressed
Nov
12%
9%
Jan
21
Nov
May
Public
of
Metals
Corp
600
1%
1%
200
Service
3%
4
4,800
14% Jun
98
Oct
4% Jun
Common
/ Jan
8%
Apr
Jan
13%
Apr
Nov,
2%
Feb
Sound Pulp & Timber
Pyle-National Co common..
Jan
4%
Apr
Pvrene
%
2,100
11
6%
11
6%
3,500
1,200
—
'
14% Nov
-">...:,15
Sep
1*$'
r
3% Feb
;
—
Dec
^/8
:i
^
S
^
,
1
*
*
1
%
'
,
—
Va
7%
\
/a
.
,34
1
43
® ^
Aug
ra
'
£
7
~
-
Jan
33{4
--
3,600
800
1
1/
12,000
—
sa
7
r-
1
—
—
—
.
*
IS
—
^ar
Jun
03/
^
.
8% Mar
of Colorado—
11
1%
—
Gas
6% 1st preferred
7% 1st preferred
Puget Sound Power & Light—
$5
1
America
of Nevada
7
12%
—
2%
1
Prosperity Co class B,
■
—
—
—
<—
Producers
•
—
•
Sep
10%
•/'
600
100
2,100
—
///.;
6%
1
common
Apr
Jan
14%
2
2
11
—*
Co
July
87%
14%
—,
s
—
<
Mining
54
2% Mar
^
Inc
12
20
65VaJuly
10% Jan
84% Jan
2% Jan
8% Jan.
32.% Mar"'
Dec
&
Feb
10%
11%
—
—*
—*
Radio—
footnotes
*
101%
12.50
National Transit—
National
*
*
Jan
Dec
'
5
of Canada
8%
T~
47% Jan
640
"150
.
3% ' '/
33/4
__
5
28% Nov
Providence
National Power & Light $6
common—^.—
44%
;
98
Alexander.—
600
5,500
.
96%
25o
10%
'
11%
.
971/4
10
common
1,200
—
11%
1
Mining Co
Potrero
Bellas Hess
56%
11%
7.50
common
Scale
Pneumatic
Nachman Corp _4—
55%
11%
25
Glass
Plate
Valley Wine Co
Inc
Polaris
National
56%
10/
Metallurgical
Pittsburgh
Pittsburgh
Pleasant
,
50
10%
57
./— v/Z.
—
prior preferred...
,
100
—100
—/"
—
♦
—
50
104
109
■
Apr •
Apr „
*
12%
10%
12%
83,800
8% Nov
95%,
93%
95%
1,025
92% Nov
12
10
12
100
-1A Jan
3 % Jan
Puget
Manufacturine.
__•
114% 114%
5
—10
-
—
::
--
—
—
7 /*
109
115
Dec
Nov
1oV
12 /a Sep
120
Au
13/a Apr
15 ■ uun
^
THE COMMERCIAL &
Monday, January 17, 1944
FINANCIAL CHRONICLE
NEW YORK CURB EXCHANGE
of Prices
Sale Price
Curb Exchange
Week Ended Jan. 11
Range
Last
STOCKS
Sales
Shares
for Week
Week's
Friday
STOCKS
York
New
(Hugo)
Stokely Foods Inc common
Stroock
70
Feb
July
13
—
Mar
Feb
13
July
Sunray Oil 5%% conv
92
Sun
Rav
-10
1
10
•
common
Utility Investment A
Co. common
Raymond Concrete Pile common
$3 convertible preferred
Railway &
Rath Packing
Finch Oil
•
5
—
Rio
Roeser
Corp common
Roosevelt Field Inc
Co
Petroleum
Root
convertible preferred
$1.20
Ryan
& Haynes common
2%
7
Jarf
2,900
3%
1%
sa
% Apr
,
108
17
Apr
12
200
7%
Jan
400
2%
Jan
17%
Jan
16
100
,
5% July
18% July
Dec
49%
85
Nov
22
Apr
3%
,'7
Feb
16'A
Jan
8
Nov
2%
150
.
'
•
"1% "l%
1%
5 % Mar
X 6% Mar
ft Jan
800
Dec
3% Jan
- 3%
~3%
—
2% May
1,500
Co
common...
& Allied
Tobacco
Product
Jan
13%
Jan
450
11%
.
-
Jun
20 Va
Jun
Jan
13%
Oct
Jan
52'/a
Oct
15
Sep
7%
•
:o% July
;
Todd
preferred
—
—
Dec
Jan
7
July
Jan
22%
Apr
4%
Jan
500
500
Va
60
"
—
Inc
.
Nov
3
May
Jan
67
Jun
:n% Aug
10
102
Mar
109% NOV
10
'
53
107
Mar
116
4
1
——•
■
'
ft
Jan
1'
Feb
1%
Jan
4%
Dec
6%
Jan
20%
Dec
Jan
3,000
20.
--
4%
St
Class
St
*
50
5
—100
1
1
-*
Corp Ltd—
Lawrence
$2 conv pref
A
Paper common.
Regis
preferred
7 "!c
Co
—
Samson United Corp common
Sanford Mills
—
Salt
Dome Oil
Steel
Bros Inc
Seeman
B
14%
Dec
1%
Jan
6%
Jan
V 5% May
11% Oct
Jan
3% May
11
Mining
Shawinig'in Water & Power
Shattuck
Denn
Sherwin-Williams
5%
In¬
—
common
pfd series AAA
cum
Co
convertible
$3
Sioux
Solar
Aircraft
% May
3%
Solar
Manufacturing Co
Corp
Sonotone
Soss
Manufacturing common—
Corp common
South Coast
Oil
Penn
South
4 Va
Jun
U
S
Jan
8% July
U
2%
Jan
4.
12%
300
11%
Dec
93%
200
83
Jan
100
110
Apr
119% Jun
Dec
13% July
Mar
16%
Pipe Line
10
California Edison—
original preferred
25
6% preferred B—
25
5% % preferred series C„
25
Southern Colorado Power class A.*25
1% preferred
—100
Southern New England Telephone—100
Jan
1
175% Jan
Jan
4%
:
5x Mar
2%
4% July
—
>-• ••
67
4% July
Nov
Jan
49 %
30
class
_1
Stein
(A)
Sterchi
6%
&
Co
common
trust'ctfs" -1
]
preferred
——
—
II
50
5%
2d preferred
Sterling Aluminum Products——I
Sterling Brewers Inc__:
20
Sterling
ptPtoon
For
inc
fj
B)
Co
footnotes
page
_
241.
71%
71%
74%
550
63
Jan
42%
80
44
4%
5%
6%
4,400
2%
9%
9%
.l'/a
100
7%
Jan
1,800
Va
80%
325
79%
1%
1%
1%
,
200
;
1%
600
3
1%
July
8% July
Jan
'.11
Aug
1% May
80%
Jun
37/a
Jan
Dec,
Sep
July
6 Va
Jan
60
Dec
6%
47
Jan
1
Jun
73 %
S
Jan
4
600
Jun
Aug
%
Feb
5%
Oct
260
Sep
44
44 V:
Jun
'ft 2% Feb
;
ft
1,200
1%
200
19%.
;■'.
18%
19
2,100
Co
20»/4
20 'A
50
Jan
Dec
10
Oil
Aug
Jan
200
250
3'/a
59,700
59%
3,975
1% 1%
4%
V1
Feb
Feb
3
Apr
13
'Apr
7% Jun
2% May
July
52
$7 preferredProducts
Jan
22
16
Aug
19%
15%
Aug
19%
14%
Jan
21
Oct
Feb
3
May
2
:200
2%
—
,
42% Sep
Jan
2
Equities common
$5.50 priority stock
Utility
28
Dec
32
Jan
44%
>
Sep
1,400
29%
Nov
33
Aug
28%
Feb
32
200
%
Jan
2
May
Aug
72
Nov
Virginia Public Service 7 % pfd
Mar
129
Nov
Vogt
1%
1%
V."
67
67
63
70
:
■
%
Jan
Jan
49
Nov
Oct
68% July
Jun
4%
2 Va May
Sep
76
7%
Jan
3,600
1%
-6%
9%
Jan
6%
Jan
X
1
Valspar Corp common
$4 convert!ole preferred
5
Manufacturing
6%
Waco
Aircraft
Apr
1
Jun
Waitt
preferred
% May
Jan
5% July
Walker
Mining
Jan
2%
Wayne
Knitting
Jan
1,400
-12 Va
18
108 % 109%
250
ft-v %
ft
%
200
.
Va
17%
Oct
.
1%
1%
1
Oct
114
Western Grocer
Maryland Ry 1%
Western
Westmoreland Coal
Oct
Jan
11% July
ft May
ft Feb
100
100
5%
200
1
1%
•
5
...
•
--J
July
9
Westmoreland
2%
Inc
Apr
2Va July
ft Jan
Weyenberg Shoe
,
4
C)
&
1%
Jun
~5%
_574
4% Oct
Jan
110'A Nov
8%
4
900
Jan
5%
5,900
7%
5%
Jan
9
95
103%
67
105%
14%
21
13
Apr
Jan
Jan
Oct
Oct
Wisconsin
Sep
Wolverine
5%
44
Feb
12
Oct
& Light 7%
Portland Cement
7%
Jan
6%
Jan
12% May
200
1%
Jan
4% Nov
American
1,400
H
Jan
1 %
6%
200
2%
Jan
«
10%
May
Dec
Woolworth
Hargreaves
-..'.Sep
July
Feb
7,26 7. May
9%. Jun
15%
Sep
8%
50
5 %
Jan
200
57/a
Jan
8%
8%
200
7 Va Mar
9% July
1%
Jan
4% Mar
3
200
9
Jan
3
•10%
lO'ft
100
5%
5%
100
110% 110%
10
\
pfd_. .100
.
108
Jun
12% July
lio
Sep
4%
Nov.
.—1
3 Va
Nov
4
Jan
8
Jan
10
Jun
5
_
Aug
5
Aug
2
Jan
4
Apr
...
Ltd.:
9% "Oct
6%
.>10
(F W) Ltddeposit ^receipts
Preferred
Wright
19
May
•
Woodley Petroleum
50
100
-1
95 "
9%
Inc
Power
_1
Apr
Dec
18
8%
Winnipeg Elec common B—
Jan
6%
11% July
9%
Heating
Willson
13%
Products
Dec
Jan
500
1
Co—
Oil-O-Matic
Williams
ft May
15
Jan
2%
98%
3%
3%
10
Mfg.
Wichita River Oil Corp
(R
Nov
7
15% July-
Va
10
56% Aug
Jan
35
Feb
2% May
Dec
ft Jan
•
Apr
11%
120
;
5% Mar
10% July
7 Va
Western Tablet & Stationery com
Nov
\-
.
1st pfd„ 100
j98 May
ft May
6%
200
Sep
97 %
20
Co
Jan
16%
13%
.
.5
1
Inc
Jan
64
600
July
86%
•
Coke
A
250
8
—1.25
Utility $6 preferred
Coal &
Air Lines
Western
Dec
Feb
Sep
400
58%
7%V
Texas
West
18%
Mills
A
V
Jan
'* July
2%
1
8
Co__
Wentworth Manufacturing
West
Jan
Jan
110
1,600
Dec
10
*
Oct
July
3
Jan
13
,17%
113
5%
•
Class B
6% May
19%
Jan
1%
Sep
May
l
v
Jan
12 %
100
Jan
7%
100
-
& Bond class A—
Jan
2%
5,200
120
Wagner Baking voting trust ctfs ext—•
%
.6%
12
44
•
Co
Dec
Jan
32
Sep
Dec
40
%
Jan
Jan
Jan
18
July
12
2%
6%
114
1% July
%
4%
1%
30
9%
9
100
•
Jan
23
180
43
1%
27%
1%
30
1
Petroleum—
Venezuelan
6% July
Apr
100
900
8%
10
Sep
*
common—
see
.
Jun
July
July
Jan
2%
Utah-Idaho Sugar
-1
;
■/[: -L
**6
300
31%
13%
Bros Stores
1st
500
5
40
54
II~~
Feb
ft
.2%
•«! 200
30
_1
..
B
Starrett (The) Corp voting
Steel Co of Canada
1
250
i°o
30
56%
Tube
93
common
Pictures
Williams
Standard
Feb
%
Jun
42%
___•
Standard Silver Lead—
39
3% Mar
Va
-1
Feb
■Vs
Jun
•
•
Co..
29%
14 May
15
Voting trust ctfs
Universal Products
7%
Preferred
50
80
%
109%
61%
:-l%
Radio
2 Vs
12 May
Jan
Power & Light
37%
July
123
Jan
1%
Utah
200
6%
Common class B
Jan
%
19%
Utah
»-Jun
4% Jun
Jan
21%
Insurance
6
1,200
40%
17%
%
115
4,100
B
4 Va May
5%
,
Products
Class
Universal
-5% July
115
_
1,300
Universal Cooler class A
Jan
~2%
29%
"u >'•
Jan
8,400
2%
Jan
42
V'
v
36
Paper
Jan
437/a
9%
2.78
Standard Cap & Seal common
1
Convertible preferred
„10
Standard Dredging Corp common
1
$1.60 convertible preferred
—20
Standard Oil (Ky)
10
Standard Oil (Ohio)—5% pfd
100
Standard Power & Light
—3
Standard
Wall
United
2%
,
30
•M—
3,600
1,200
Reclaiming.
Rubber
2
2,800
Co
Brewing
Dec
109
43%
1st
Standard
S
ft May
di.'
61%
United Stores common
Jar.
300
2%
8%
(AGi & Bros
preferred
A.
Spanish & General Corp—
Amer dep rets crd bearer
Amer dep rets ord regis
Spencer Shoe Corp
Stahl-Meyer
Inc
Apr
7.72%
43%
Phosphate Co
Line
Royalty Co
Spalding
U
ft Jan
•««
Jan
Jan
U S Radiator common
2%
1,300
.
2%
2%
118'/a 119
80%
1%
3Va
4%
2% s
-
Pipe
Southland
Nov
28
241
*
27/a
3
5%
Southern
Oct
77 2% Aug
Dec
96
Ve
■
Dec
% Jan
j
-7 t,!
%
with warrants.
Universal
3
sit
9%
Jun
July
15
.
21% May
2%
253
800
ft
A.
-
Universal Consolidated
2%
1%
85%;
100
Specialties common
1st preferred
July
~
1% May
3,400
Graphite common
U S and International Securities.
$5
17
60
"
Southern
Southern
Apr
800
14% May
Jan '
Jan'.-;
13,300
——
class B
July
%
——
Foil Co
3
Jan
—
S
114% 114%
Pa
Southwest
Sep
5
10'/a
1%
80%
2%
common-
Preferred
Dec
7% July
12
100
%
Machinery
Shoe
47/a
.
57Va
.100
■
preferred
preferred
United
2%
238
"i%
85
Sharing
Profit
10%
Xl2%
—1
1
1
1
1
25
Co
'■
United
12%
7;
59
rets ord regis
Canal Co—
dep
United
July
£1
100
Amer
May
10
72% July
111%
J
N J RR &
United
2%
93%
Amer
May
6 Va
1,700
8%
14%
59
3% »Iay
Jan
Dec
77;:577:7Jan
-U7;, 3
July
Molasses Co Ltd—
73
i
:
8Va
1%
27/a
-
'
■r'-y
—
participating
$3
United
1% May
ft Jan
common
Manufacturing Co Ltd—
dep rets ord regis
City Gas & Elec 7% pfd
Singer
Jun
Jan
-
1
Manufacturing Co—_———100
Singer
July
.17
^.-7
«M«.
14 Va
United Milk Products————
1% July
9%
,
•'
Dec
Jan
100
X777
7
'd
8%
118%
preferred
1st
51%
—*
preferred
46
Jan
2,800
class B———
Common
52%
Simmons-Boardraan Publications-r
Simplicity Pattern
Feb
4%
7
10
United Light & Power common
,50
•
—•
common
x3%
4%
.; j. v
$7
300
;
69%
69%
5
•
25
—100
Sherwin-Williams of Canada
Silex
150
-
Dec
9,900
4 Vi
2
3,400
2%
Va
preferred non-voting
Option warrants
1st
$6
y4 Jan
3
Jan
3,400
70
69%
—'
Seton Leather common
70%
3'/a
2V4
Unnea corp warrants
United Elastic Corp——
16 Va July
;
2%
2%-7
10c
Unexcelled Manufacturing Co
10
Union Gas of Canada
—.—-*
Union Investment common
•
United
Aircraft Products
1
United Chemicals common
•
$3 cum & participating pfd—
.*
United figar-Whelan Stores——10''
$5 preferred
*
United Gas Corp common
% Jan
4%
3 Va
-1
—
Corp
July
32
Jan
29%
200
1,000
,71%
Dec
Dec
Corp
Realization
Ulen
29% Nov
,
Apr
.
7% Jan
2,700
1
1
\
2Va
•13% Mar
Ti
„
Control
Safety
Sentry
Serrick Corp class
Jan
44
1%.
7%
1
7VB
16% July
55 %
Jan
17%
..
140
40
3% July
Jan
1
—5
25
Allotment certificates
Jan
25%
2,100
10%
9%
*
—»———•
common——1
prior stock
$5.50
Jan
% Jan
72
69
Seiberling Rubber common
Selby Shoe Co.
—
Selected Industries Inc
Convertible stock
28%
Aug
36
Jan
22%
975
.
*.—1
Hardware
Segal Lock &
Apr
15,100
55
27%
1
-•
securities Corp General
Oct
2%
12%
1,400
2%
l7/a
•
common
16%
15
51
—*
Co
11%
%
common—
preferred
$6
Scullin
Jan
ft Jan
100
2%
Dec
148
Jan
2%
24%
common
(D A)
Schulte
5,200
4% Dec
Jan
115
150
9%
*
2%
♦
1
Convertible preferred
—25
Scovill Manufacturing
25
Scranton Electric $6 preferred
*
•Scranton
Lace common
•
Scranton Spring Brook Water Service—
Co
Schiff
147%
9
16% July
Dec
1%
16,400
4%
4%
147
—5
Oil Co
Savoy
12%
Sep
Dec
17%
1,300
7,200
•
6
10%
Dec
9
600
16% 17
11
l'A July
■I
>. 7% July
'
2%
Apr
Oct
100
10,000
—
' 16%
6
1
Tung-Sol Lamp Works
80c convertible preferred
Jun
Jan
220
ft
4V2
'18%
—
———.——*
.;
Tubize Rayon Corp new.
July
5%
l'/a
200
109
115
U
■
4Va
——-1—
warrants
Jun
62
Feb
sa
1
Nevada———1
Lux Corp———————1 '•*
Trauswestern OU Co——a—-10;
'
Trans
Tvl-Continental
2'A
Jan
2%
6%
1%
109
115
f 8% Sep
Jan
"
43
400
—
.
Mar-
:•''./'I.'
59% 60
60
'—
Tonopah Mining of
Trunz
115%
3 V4
17 Va
102
4%'
1 Va
15% July
100
58
4%
Jun
26'/a July
Jan
700
6%
l'/a
58
—.
—
—•
preferred———100
100
6 %
Edison
7%
6%
1
—
Shipyards Corp—
Toledo
6%
—
—
ord regis—.—
dep recs def x*g-~
—•
Amer
•
17% Mar
2,400
13 Va
57A
3% Mar
600
6V+
6%
<21
21
6%
1
*
Exports—
13
—
21
———,*
Stocks
300
5Va
24V2
13 Va
—
„
Ainer dep rets
Udylite
1%
Sep
21%
-
12% Mar V:
8% Mar
Security Trust Co Ltd—
Tobacco
t
Mar
Jan
2'A
300
5%
17%
Nov
4-"'
Shovel
Tobacco
Nov
Jan
2%
17'
;
Jan
il%
5%
:
Dec
91%
40
12%
.
—
_•
100
—2
—5
—...
Roofing InC—
1
Tishman Realty Si Construction———1
4% July
Jan
v
k.
5
23Va
—
24
Tilo
1% Nov
Jan
300
•
%
Oil & Land Co
Thew
Apr
10%
% Nov
200
Power &
Texon
5% May
Dec
1,700
x
17%
--
1
Ryerson
2,000
1
2%
5%
—
13%
13%;
loo
43
•
;
pfd
Light 1%
Texas
29 Vs July
Jan
n
__
v •
Jan
13
—
1
21%
105% 106
—•
2%
100
%
* X 17%
Aeronautical Co—
Consolidated Petroleum
Ryan
Jan
~3%
.
7ft
13%
1?%
:
—-1
♦
Technicolor Inc common—
Oct
%
3
105%
—• '
Royal Typewriter
Royalite Oil Co Ltd
Russeks Fifth Ave
Mar
3%
4,100
-v
18
Tampa Electric Co common——.—
14% July
Jan
2%
1
x—
100
*
5
5
1
20
Cable
Rome
51
2%
40,000
11%
•
Elec 6% pfd D
& Pendleton Inc—
—i
Mar
"~3%
3 "a
1
c——1
Rochester Gas &
19
Taggart Corp common——
38% Dec
Jan
10%
1J %
Radiator
Grande Valley Gas Co v t
% Mar
Dec
13%
%. 23%
23
3%
1
Goods—,
Oil Corp. warrants
Richfield
237/a
2%
/a
~
Stix Dry
Richmond
SX
38%
17
17%
23 %
Electric & Engineering
Aviation
Reliance
Bice
16%
22%
Roller Bit Co
% Jan
600
700
20%
17%
Sep
18
Corp.
High
1% July
Jan '
800
•
20 Va
preferred-——50
B com
%
11%
14% July
Jan
46% Nov
common—50o
1
Raytheon Manufacturing
Red Bank Oil Co
Republic
,
7%
150
■'13'A 13%
7
ft "
%
%
%
1
—
Low
100
2% Jun
■Y Jan
1%
Radlo-Keith-Orpheum option warrant!Railway & Light Securities
Reed
Co
Drug
buperior Port Cement class
Swan
Voting
Machinery
Rahge for Year 1943
High
Low
•
156
.
Shares
•
(St Co
8ullivan
Jan
148
73'/a
73 %
73'A
preferred
Quebec Power Co
6%
for Week
of Prices
5
50c
Corp
Sales
/-
Range
...
.
Par
Stlnnes
Quaker Oats common
Last
Sale Price
High
Low
High
Low
Week's
Friday
xx
14
Ended Jan.
Week
'/•
k<
Curb Exchange
York
New
Range for Year 1943
% July
:
•
TP ■*#
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 5247
159
-n^wfjl^r' *^k)M"% *i
241
.
—
NEW YORK CURB
BONDS
York
New
.'/,
'
,;.
Exchange
H
Curb
Jan.
Ended
Week
Interest
Period
,
V
.
•
2%s
3Vas
s
f
debs
decs
Pow
deb
Lt
&
1961
1970
Writing Paper 6s—,
Appalachian Elec Pow 3Vis..Pr
Associated
Lt
&
1953
.
{Associated Gas & Elec
AConv deb 5s
a
Debenture
J-J
1950
ii
5s
3
88 Va
106%
109
124
109
84 V*
165
46%
24"
'
.
F-A
M-S
.1964
M-S.:
(B. F.l-
?
.1947
24
24»/4
1st
mtge
16
Ohio
80 Va
3v4s...
mtge
Public
Service
1st
M
Park
26
26
26
Bethlehem Steel
Bickford's Inc
6s
Edison
120
1998
—
Q-F
114%
—1953
5s
Power
103% 104 Va
20
102 %
38
101%
IOOV4
99% 100 V»
45
85%
1964
t 106
J-D
1948
J-3
1st
Li
'L———w'—w————————..1954
5%s
Central States P
ft L 5% s—.+.
§AChicago Rys 5s ctfs———
1927
St Ry 5 Vis A
1952
6s series B
——-j—1955
Cities
5%s
& L
1952
....
5%s -series
A
Empire
Federal
Water
El
District
99»/2
100% 100%
100% 101
110 '
110
4 Vis
Sheridan
South
Estate
Finland
'
series
1961
Florida
..I960
—1954
Co 4s ser C—
Power
& Lt 5s
Florida Pow
3%s
Power
Pub
General
5s
I'tL'i.' f'
'
15
102% 102%
92%
93
AfrS
94%
:
93%
100
105%
-
A-O
87%
A-0
87%
1951
F-A
1966
3-D
1957
F-A
88
—1957
F-A
1950
A-O
yy 33 y
J-J
y:-;:^;y
Debenture
6s
gold
103
108%
Btinnes
103
107
7-4s
58 y
51
' 98 Va
98
104
:102
98%
(Hugo)
99'A
99'A
6s
2nd
V.93%
102%
Toledo
90'/a
..
;2 y-
100V4
Twin
100
'
A7s
A 7s
$65
; 65%
$110
111.
.
;
j
98 %
4s
5s
Edison
3VaS„
—19507
1963
*9*i®
M- N
J ' 4s_.
;
88%
651/2
89
65%
88
65%
88%
y-
...
27
5
23%
•
,
88
'64%
^
50
34%
' 12 Va
.
32
13%
26
107% 103
17
-
j-J) /
97 y8
F-a
115%
66
6s
———1949
J-D
1952
A
series
'
Utah Power & Light Co— ;
Debenture 6s series A-,.-———2022
111%
109%
"116%'
96'A
$103'/2 108%
;y 96%
108%
106
111
8
'■■••
25
105 %
117%
103 VA 104
J-J
.
23%
103'A
107V2
34
97'%
109%
85
:97
Vj
•.
$110% 112%
.
fj " ;
110 vi 1121%
Co—
$107% 109
106
109
103V4 103%
96V
104'A
115'A 115%
•!
M-N
45
12
114%
117%'
112
112%.
■
6
96
112%
Waldorf-Astoria Hotel—
,
104% 108%
dibs
income
Ry &
Water
Power
——1964
West
Penn
West
Penn
103
24%
26
84
4%
30%
$107% 111
108%
109%
$108% 109'/a
108%
110%
$109'A 110
116
116-vZ
J-D
J-D
1951
3%s
107%
102%
110'A
110
Western Newspaper Union—
94
;
93%
U-N
M-8
.1954
L—
Elec 4s
Wash
104%
F-A
iilj
108
23
94Va
:
■
:'y
-1
2
,
6s
96
5S
Traction
..2030
A-O
I960
5s
stamped extended to
J-D
116
$1001/2 101
F-A
F-A
1959
IA York
109:
105%
Electric
6s unstamped extended to 1959
96 %
80%
80
16
94%108
10)
v A
3
30
18%
17
26
...1937
88
—
J-D
—
88
'97
97 V2.
J-D
1947
Rys Co 6s stpd—
Stamped 53
"
97%
118V4
85%
/:/
100%
63 Vi
97i/2:
84
"75
98
100.
73%
100
38
35
-
35%
33%
19
35%
23
17%
89V2
■
30
22%
.a-;)
16 Vi
16%
90%'
46 y"
74%
94
62
66
66
36
67
/ $26
J-J
"
// 23
J-3
89'A
J-3
64%
/
:..
;/
J-J
16%
;
.
;4
at 4%
107% 107%
13
107
110
$105
108%"
106%
108
122
121::
123
$112
>/;v;
A-0
1948
1947
1971
-—
113
111
113
107V4 107V4
$106
J-D
106%
20
109 Va
'XE
—1965
1943
1963
——
:/
MS
104
+
.'•f-
M-N
J-J
13
:
102%
106V*
63%
112
100 JA
64%
J-D
1955
5s
J-D
'y/^yy
M-8
1978
'■
■
'
y
"
107% 108
102%
49
a
20-year
7s
ACauca
Valley 7s
ywV;
;
•
-
J-J
1953
1952
105%
109
107%
Nassau Sr Suffolk Ltg 5s—,
—1943
A
4%S—————1981
——2022
—
Amsterdam
Gas
1948
5s__—
New Eng Gas & El Assn 5S——.—1947
5s.
1948
—
-
5s
—1950
-
England Power 3Vis———1901
England Power Assn 5s
1948
Debenture 5 Vis
Orleans
Rn
series
100% 101
25
J-D
110%
2
yy
25
3
110'A 110%
$117% 118
—
25
98
__
$1121/4 113Va
"
M-S
12%
114
77
3-D
M-N
73Va
77
74
-
.
•
,
112
'
74
,
-
.107
107
-77%
77
35
77%
107
113
»
49 Va
50%
113
28%
110%
117%
N Y State Elec & Gas 3%s
79
94
50
79
1
105
109
96%
96
96%
162
76%
96%
98%
97%
98%
52
82%
98 Vi
1949
J-D
M-N
""
-102% 103
102%
108
$109
109
112
109%
$20%
35
3-D
$19
a
A
Issue
of
Oct
—1951
.
37
21
xV
M-N
1972
$33
$17
22
60
60
33
33
35
35
60
AParana
A Rio
tie
(State)
Janeiro
7s
M-fl
J-J
1958
6%s
1959
rO"
y.y;OV
V..;
36
J-D
J-D
11%
.20%
"36
yi6%
•
35
A-0
1931
20
"f20 "
yyi)
1927
Mortgage Bank of Chile 6s
60
'10
:
1947
$33
64%
y 42
'
I*: ft
•-•'
54j/4
23%
44%
e
17%
17%
$35'
•-'
■
y
14%
■
*•)
V"r »V*
&
:'32
-l32 '18
^
,
2
;•-/•
24%
<
37%
38
'
45
20%
60
1
■'
22%
35%
2
17
36
'
ARussian
Government
6%s
J-D
1919
4%
74
4%
4
■
J-J
1921
4%
4
4'A
2%
9%
42
2%
9%
114%
J-D
—1964
•/
"V'"'-r
M-N
stamped
7s
y.'Yyy
65
M-S
46
yy:/.yyy:^:v
16% y--5
* 79%
A-0
/ 103
High
: 54%
52
:
-102%
Service—
A———Nov
1
51%
62
6%s stamped_1958
A5 %s
J-J
M-N !
108
'
F-A
M-S
12
-1954
—
Public
F-A
110%.
Low
$55
-1958
(Peru)
7s
AMedellin
103V4
year 1943
No.
: .62'
J-J
City
51 %
16%
M-N
F-A
1955
Mortgage Bank of Bogota 7s_
Alssue of May 1927
6
Range for
Sold
High
$51 %
J-D
5s
5'As
Extended
106%
2
110
A-O
J-J'
■<
Danzig Port & Waterways—
a External 6%s stamped
Danish
109
104V4 1041%
110
Bonds
Friday's
64
107% 108
«■
1041/2
M-N
April 1946
—Jan 1947
Bank of)
1948
103
1
or
Bid & Asked
-
105%
10
105% 1051%
.
Week's Range
Last
Period
14
Agricultural Mortgage Bank (Col)—. •
ALima
63%
Interest
Pxehangt
Low
HOV2
107
1021/2 102%
•
99%
100%
IO8V4 109%
$109% 112 V
,/y/'.
A-O
1967
4% s_
Gas Light
Curb
Week Ended;Jan,
< 110%
86%
TlOlVt 101%
y
M-N
99% 100
Friday
BONDS
York
New
1C8%
107 Va
108%
104V4 104%
F'A
v:
to
imsnis
44%
$121
../.^_;'y^'
M-S
J-J
35
.
M-S
J-D
l9bo
1957
ANational Public Service 5s ctfs_—1978
AIncome
'
;'
22'
331/2 y
$116
103 %
103%
/'A20-year 7s
Bogota (see Mortgage
.
Nebraska Power
New
30%
$23
y: 65
40
88 'A
22%
F-A
1952/-v
Mortgage Bank of Denmark 5s
New
88%
1051/a 1061/2
A-O
& Mfg—
4 Vis
Edison 4s
deb
64 %
23
87
a-o
Power
1st lien & cons 5%s
99 Va
9i
J-J
Mississippi P & L 5s
——1957
Mississippi River Pow 1st,5s
1951
Conv
•.'•y33
1959
&
,•94%
104
$102% 104%
J-J
—1970
Minnesota P & L 4Vis
New
88V2
J-J
1968
City Rapid Transit 5%&l.
AMaranho
New
-87''s
87
44
>:
.
y
109
105% 106%
104
.—1966
6s———2022
fiz Light 3 Vis—-.-1969
G
series
■y
M-N
2022
,—1979
5
105%
104
Midland Valley RR—
6s
88%
J-J
—1956
—
5s
55
J-D
coupon)
conv
ref
Light
Power
51
M-S
coupon)-——1957
-——si-——1952.
stamped
&
88%
'87'/a
.
A-0
1946
5s——1960
105% 105%
105'/a
1957
1958
Middle Stnt.es Petrol 6%S—;
•1st
107%
62
•
A
Wash
Power 3J.is
Radiator
Milwaukee
87 %
87 5a
Lt & Rys (Delaware) 6'/2s_1952
Light & Railways (Maine) —
44 /
PS&i'
;
A-0
26
1941
Power
Extended
96%
2°
'
$26
Electric
series
67%
United
"78
•
102
J-D
1941
lJuly
Co
108%
102'/a
fVa
F_
Metropolitan
88%
United
111
93
Kentucky Utilities 4s—
Lake Superior Dist Pow 3Vis
Louisiana Pow & Lt 5s
Mengel
87'/2
106%
91
Kansas Gas & Electric
6s
88%
97%
r-< 0 CO i v- yn
:•
1
Jersey Cent Pow & Lt 3Vis——;
McCord
75Va
106%
y
1
87%
Electric VN
"7
-1952
Interstate Power 5s
———1957
Debenture
6s—,
——1952
Altalian Superpower 6s196b
Kansas
2
.
83%
Light
102
coupi—1955
—---—1957
1941
1
E
series
Kansas
107
86
United
102
5s——
(Dec
(Aug
A7s
106'A
52%
§
91 •;.•• 102%
■■
;
I
V/.
y
'■
•
y
$98%
C——_——.—1955
senes
series
A7s
:"
103
58
Power Sec—
International
A6Vis
6s
;
Service
&
Powei
Water
57
99%
102
Indianapolis P & L 3 Vis—.——1970
A0V2&
Light
stamped
series
Tide
102
<fe ref 5s
Jien
&
105%
-y:y
1091/2
103% 103%
86
y:.;
Industries—
Electric
Texas
105
97
1
A-0
1st & ref
1st
Power
Corp inc 5s
(Hugo) Corp—
Stinnes
63
102
91%
24
104
t__
——1953
Service
debentures
3d
7-4s
A-0
5Vis series B
Rydro-Eleo &s
Indiana
Den 1
102%
105%
106'/a
J&u 1949
——-
Indiana
:
stamped-:
1946
Certificates of deposlt——
Corp—
C_
;.
6s
6s
—Jan 1949
1st & ref 6s series A
series
Electric—
"y'
107'
29
■y
74'A
107
'-'v'
' Vy-y ,y.^y
United
—
ref 6.S
——
deb 5s__
&
(stamped),
Conv 6s stamped
107%
J-J
J-J
104%
105 %
1031/2
"•
May 1948
May 1948
8s
6s
A5s
&
73%
105'A
100V2
y 103%
•;
105%
73%
M-N
L
AStarrett
101%
A-0
102
100%
:
2
/
$104'A 105'A
Fm A
1951
4s
1989
Gas
124%
104 %
J-D
LM>
J-J
—1971
Rys
&
(A G)
Standard
Standard
43
J-D
J-D
41'/
108%
114
'
•yy 1
Gas "(Calif)—
-:
103%
101% 101 Si
10111
1960
Power & Light
:
■
-.y
93%
104% 104%
3-D
j.j
J-D
Illinois
105
$108
•/;
A-O
F-A
104%
;
1C
108% 108%
B
M-S
1970
.M-S
91%
87%
'
"103 Vb 105%
series
3s_„. 1965
3'As
1970
99%
79
y Vviyl
y
$58%
MS
F-A
6s
$1051/2 106'A
2022
P
Spalding
.131%
79
■
1051/4105%
M-n
J-D
•
L/y:
105% 105%
104% 104%
Southwestern Gas & Elec 3%s_
123%
.
82'A
,
6
105% 106'A
105'/4
—1950
dygrade Food 6s ser A
"
J-3
1st mtge 3s
Southern Indiana
123%
102
•
99
108%
y
127% 131
/yea:, 70
y 85%
97%
3
'
1957
112 %
121
$123% 124%
102
& Pwr 3%s-.
156
.79
y
109
94
v
91
5s_,
Power
Counties
101
102% 103
102%
-Fr
Grocery Store Products—
r_1945
Guantanamo & West 6s———1958
•
91
V.
V
104% 104%
Southern
162
Pow 3%————1963
Houston Lt
135%
:;'.:;';yyy: y
;
',/•/"
)20%
Vv/;#
5s stpd
yft
74
J-J
Gas
7
95
J-J
Mountain
Green
A-0
$70
1947
Edison
103
Great Nor Power
v-L*
6s
California
3
104%
$104
M-S
100
Grand Trunk West 4s———1950
110
102% 106%
3
104%
California
101%
212
96
M-S
::'V-f.f-J
99%.
105%
Southern
39
:
99% 100%
100%
%
4Vis series A—1941
(Adolf)
AGobel
/•, "
Southwestern
M-S
4s
r
99%
A-O
Southern
110
3965
Coal
Alden
1948
1978
6s ser A—
Georgia Power Si Light
Glen
1969
1953
A
5s
Serv
General Rayon Co.
9
95%
106%
22
109'A 110
$127
130
A-0
Coal
Wyoming
Carolina
Texas
Gatineau
-
1970
D
101%
;
117
.106%
$106
J-J
M-S
stamped
6s-5s
26
••":■■
D
-.1951
'
iv
J-D
—1952
5%s.,
1954
Residential Mtge Bank—
5
140%
99%;
M-S
1952
6s
101%
86
.
$117% 120
J-D
99
1st
Real
104
47
M-N
98%
85
85
100%
i
M-S
Service
105%
140
J-D
Joaquin Lt & Pwr 6s B
109'A
100%
J-D
'99%
84%
■
San
101
83%
y 61
$97
M-N
1956
5s
105
140
A-O
1979
Scullin Steel inc mtge 3s
1951
Shawinigan Water Si Pwr 4%s—1967
99%
98%
1944
5s
Elmira. Water Lt & RR 5s
■
105'/a
'M-N:;y
—1952
—
105
89
3-D
& Light
112%
77
■
108%
101%
84%
192
F-A
Power
921/2
112
110%
1
'
Debenture
Electric
$91%
■— •r:-
101%
110
11
Queens Borough Gas & Electric—
103
99%
/'
5s———1958
-1956
2030
110% y,
108
J-D
M O CO
97%
Jersey—
certificates———
ASchulte
y:
A
"'■■■
J-D
1949
New
perpetual
78%
;y
Eastern Gas & Fuel 4s ser
M-8
103%
98%
■
100% 102%
3%s——1955
1959
45%
98
99 vi
•122% 122%
Packing
'
110
B_
117
105
- -yy-, ■."
111 vi 111V2
1001/2
101
101
*
~
A-0
Tobacco 5s
Cudahy
(
7
•
M-N
Continental Gas & E)
uy-
110'/8
111
20
$100 *101%
A-O
171
76%
Textile 5s stmpd—1953
Consolidated
100
'
yy//V; y$ 104'/a 106%
M-S
—
Cuban
74%
;76%
;
A- O
P
1
391/4
100'
101'% 102 '/a
A- O
—1958
——————-—1949
Connecticut Lt & Pr 7s A*i—
Consol Gas El Lt & Pr (Balt)-r3V48 series N
1971
1st ref mtge 3s ser P
1969
1st ref mtge 2%s ser Q
—1976
Consolidated Gas (Bait City)—
Gen mtge 4 Vis—
1954
A
.
J-D
Service
5 Vis
F-A
A-O
M-S
5s
Debenture
.
■.
M-N
—1964
of
Service
.
1956
mtge 3%s
6%
46
V**
1091/4
105%
-$106% 107
J-3
39
'
1950
Jan
5s
5s_.
Debenture
37%
10(T
4'As
108%
106
1151/2 1161/8
—_1961
(Can)
107
105 "
1
$106% 109
M-S
1950
Safe Harbor Water 4%s
5s~*«———1969
deb
y
38'A
J-3
1966
Service
Conv
M-S
.1962
30 V2
102%
$105 V2 108
115%
Co—
Sinking fund deb 4s
46
13
J-D
F-A
105%
2
106 % 106 VA ■
J-J
*
101%
11
22
40
106%
107%
13
6 V":
y.
38%:
-
-/v-/
Cincinnati
Cities
,
1953
/// ///;;'//-// /,■:
1051/4
61
183
1061/2
"v37
.37%
M-N
40
'106
Service Co of Colorado—
100%
El &'Gas 3%s
111
M-N
1970
100% 103
1031/4104
J-J
1979
Corp
104%
•
F-A
1964
1977
Public
106%
102 Va 102'/a
ACentral States Electric 5s
Central
1955
F
series
Public
Northern
Canada
111%
109
Power
M-N
1970
4'As
102 'A 109%
102 Vi
M-S
107'A
-A5s stamped extended——
Potomac Ecuson 5s E
121%
110
107
106 »/2
Philadelphia Rapid Transit 6a
116%
,117%
J-D
...—1968
2%s
120
J150 ~180
+ 104% 107
A-0
—1962
G%s_._
Birmingham Electric 4 Vis'—
Boston
114% 115'A
M-N
28
1
J-D
—1957
B—
C
107
105
21
$108% 109V2
5 l/aS-—1972
Power
108
104% 104%
$103
104'/2
^
Elec
104
108% 108%
tl05'A 107
91'""
541/2
,34
104%
F-A
Power & Light 5s
Lexington 1st mtge 3s
Philadelphia
115%
a-O
3'As
y
89%
108 »/2
F-A
Pennsylvania Water & Power 3%s-196A
92 Va
109 Va
__
High
103V2
115%
11
.,
•/
■
1943
Low
1948
Pacific
72%
108%
A-O
year
No,
Aug 1955
Penn Central Lt & Pwr 4%s
1st 5s
>
99%'101%
1960
series
5s
series
5s
88'A
$104
Range for
Sold
..
.
88'A
A-0
.
1962
4s
26
•
/
M-N
1968
Bonds
High
104 Vi 104%
$115%
—
J-J
1971
Oklahoma Nat Gas 3%s B
Oklahoma Power & Water 5s
106%
1081/2
of Canada—
Telephone
1S48
3s
1st
26
14
11
87 Va
23Va
U02
J-D /K
Power
12%
'
:/
J-J
1945
Portland Gas & Coke
Bell
5%s
13%
62
T106
.
Continental Utility
13%
89
63
861/2
86%
:/
.
■
—'i
,
.
.1955
24
24%
231/2
v/.24, ;
A-0
1968
—
1954
...
14%
241/4
23 Va
23'/2
";'
24
5s
J-J
127 Va
*23'/a
•
North
Ohio
105Va
80Va
•''.•"J
-
Westchester Ltg-4s^.^_—2004
Ogden Gas 1st 5s_
100
13
129
Friday's
or
v-
24
83'/a
/',//
111
,106%
105 Va 105Va
J126
105 Va
F-A
.1977
Avery & Sons
99%
99 Va
-107%" •'107% 108'A
/: M-S
.1949
4'/as—I—
deb
Y &
Debenture
"108%
96
Co—
.1948
AConv
3
...94
Week'^ Range
Last
Sale Price Bid & Asked
Period
Loin
104%
107Va
108%
T
99'/a
A-0 y
J-3
—1956
5s-i_—
4V2S
Elec
21
106 Vi 107
103% 104 Vb
108 V*
104
J-3
J-D
J-J
'
Appalachian Pow deb 6s_____—.—2024
105
Interest
'
1
High
103%
4
104Vi
104
104 J/a
J-J
J-J
J-J
M-S
2016
6s,.
Amer
Arkansas
Low
No.
High
Friday
Ynrk Curb Exchange
Week Ended Jan. 14
,
N
1950
—1960
*—1970
debs__
f
s
3%s
Amer
f
s
Low
1948
year
V1'",
New
Range for
Co.—
American Gas & Electric
EXCHANGE
BONDS
Week's Range /
Last
or Friday's
Bonds
Sale Price Bid & Asked
Sold
Friday
Deferred delivery sale,
d Ex-interest, e Odd-lot sale,
n Under-the-rule sale.
y $8 liquidating dividend paid,
transacted during current week.
■
->
being traded flat.
/
•No par value,
rCash
sale,
x
a
Ex-dividend,
{Friday's bid and asked prices; no sales being
a Bonds
{Reported in receivership,
.
,
.
Abbreviations used above—"cod,"
-
.
,
.
*"
I
'
*
.
"
consolidated; "cum," cumula¬
tive; "conv," convertible; "M." mortgage; "n-v," non-voting stock; "vtc," voting trust certificates;
certificates of deposit; "cons,"
"wi," when Issued; "ww," with warrants;
"xw," without warrants.
* * fy**
,>i,j4i|''M/r;xT't>r^''*r.T.3
THE COMMERCIAL &
Monday, January 17, 1944
CHRONICLE
FINANCIAL
'■*"\T* *" • vr;*'^at^
OTHER STOCK EXCHANGES
Chicago Stock Exchange
Baltimore Stock Exchange
both inclusive,
Jan. 8 to Jan. 14
•'/
/■:
?•
'
-
Bait Tramit Co
■
Fidelity
Finance
Co
67%
/'x
145
145
Jan
44
Dec
9%
Jan
28/
225
22% Jan
29%
29
29%
135
24% Nov
30
30
27
Mar
200
82%
79
77
Jan
85
Dec
43 %
75
41
Jun
43% Aug
23
71
,
25%
20
36%
22.
580
Jan
*
—
'
51
54
60%
49
Mar
99%
Oct
(E
Sons
1,000
102
102
Co
Bros common-
Boston Stock Exchange
Week's
Last
Sale Price
STOCKS—
Sales
Range
Friday
for Week
;
'
Refining—
American Sugar
American
——-
Bigelow-Sanford Carpet 6%
pfd_".
& Albany RR—
Boston
—
>»
68%
—-
68
68%
19%
-100
*
Traveler Corp—
Boston Herald
158% July
31% Apr
104
19 Va
19%
Jan
116% Nov
9
Jan
13V!i Nov
.
81%
217
99
34
„
Jan
Nov
24
,200
12%
97%
32%
•.
■■
High
July
102
Jan
24
Jan
34% July
62 V\
Jan
69% Aug
14
Jan
20
1,930
8%
Jan
32% Apr
6
1 %
Jan
4
Apr
738
85
,
Dec
7 %
5%
pfd stamped—
class D 1st
Boston
57/s
5
5%
,:..'/5. /
5%
51/4
Providence RR—;——
&
V..
—:
*-
Street Ry common¬
series A
—
6% preferred B
——
5% preferred adjustment
Eastern Mass
1st preferred
100
-■"".://
33%
572
19% Jan
37% Jun
5%
525
2'A Jan
9% July
32%
124
Oct
Jan
70
Nov
13%
15
1,363
/y- 6
Jan
100
*
•
32%
11% July
210
32%
235
9%
32%
9
24% Sep
7% Nov
8%
70
27% Jan
2% Jan
31% Jan
39% Jun
Jan
32.78 July
8%
•
,
34y2
'
Apr
9% Sep
.
37%
37%
353
31%
...
36%
31%
31%
20
*
pfd
conv.
78
37
500
/?: 5
5
25%
//'■
35%
Apr
2%
Dec
6
Jun
30%
Dec
39
Jun
3%
40
23%
25%
165
82c
245
72c
//. 1% July
/
,
6% Apr
2% Jan
12%
Jan
12c
33
Jan : /
:
1%
May
22
13
20%
Dec
21
Dec
48
180
35%
Jan
50
July
7%
525
3%
12%
177
6%
13c
15c
7%
.j'C'f-;'*-•
r:"
15c
('■n.
England Gas & Elec Assn—
preferred —
25%
105 7/a
New England Tex & Tei
45c
North Butte Mining
26%
105% 106
33c
45c
■
19%
Nov
Jan
110%
Oct
24c
Jan
85c
Apr
19
Jan
28% May
2,400
338
27 y2
1,063
■
1:
10%
>:
50
335
32%
23% Jan
66c
8'%
Apr
1% Mar
Jan
11
Jan
July
f.f:
•
Shawmut
Assn.
Webster Inc
13
12%
ii%
447
283
•
8 V8
8%
*
Stone &
Torrlngton
32%
33%
(The)
Co
no;
9%
14%
Jan
10% May
5"% Jan
29 Va
36
Jan
27
270
25%
Dec
37
Feb
13%
73
7%
Jan
15
Sep
75%
77%
650
60 %
Apr
76%
Sep
■
«
8
preferred
...
&
Mass Ry .Co—
Waldorf System
Warren
(S D)
25
71%
;■
71%
74
480
63%
Jan
74
Sep
43%
43%
43%
305
42%
Sep
47
July
43%
130
25%
Jan
46
July
20
90%
Jan
41%
—10
Rubber
Vermont
77%
—23
United Shoe Machinery Corp
6%
July
13%
Drug Inc
United Fruit Co
U
Sep
26%
Drill
Twist
Union
United
100
__
Inc.—1———-
—
•
110
10%
110
10%
185
*
20%
20%
40
50
Co
Westinghouse Electric & Mfg
94%
95%
205
110% Aug
Jan
11% May
16
Jan
21
80%
Jan
99% July
7%
Oct
BONDS—
Eastern
footnotes
_i948
see
page
247.
103% 103%
39% Mar
4% Aug
8% Aug
'35%
550
26% Jan
38% July
Sept
15% July
12%
Jan
23% Dec
20
20
50
11%
Feb
22%
Sep
50
3%
Jan
4%
Jun
4%
9%
9%
9%
5%
15%
%
1®0
Feb
170
69% Jan
$2,000.
103% Aug
105
A
250
"iS
.
'
n
%
60
160
60%
390
9
:7%
5%
5%
5%
2,650
116
59
60%
9,600
113
Oct
26
July
Jan
61
3%
Apr
10
2
Jan
49%
Oct
Jan
Jan
84
Jan
115
Oct
Mar
60
Nov
1,000
85
125
114
10
104
10
42
,
Oct
65%
47
84
59
Oct
6%
38%
45%
59 '
114 May
Jan
85
114
Mar
Jan
Vjr J U'h'
.
99%
47
;'.-V
10% July
Jan
250
93%
92%
■4jWM
*
1,450
21
20
Dec
/
80%
50
67% Jan
85
July
15%
2,300
3% Jan
18
May
m25Vs
26%
5,450
21% Jan
27
July
4%
4%
250
2%
Jan
18 %
25
1
shares...50
Corp of America common_20
80%
14%
25%
common
18%
150
10%
Jan
20%
23% July
*
4%
-
t c pfd part
50
16%
19%
19%
300
96
.
'y't
'
Sep
Jan
22% July
83
Jan
so
Feb
May
t
■
"
100% Aug
17
23% July
50
:
14%
90
21%
21%
—
5% May
:
Jan
95%
96
'
..2%
21%
21%
__
.25
pfd—100
Cunningham Drug Stores..
Nov
Jan
11%
100
■•.
1—5
cum
19%
13
100
22%
15%
7%
50
18%
16
4%
1
common..
5%
'
—10
Cudahy Packing Co
•
'
'
'
I*
)
Jan
8%
200
2%
Jan
8% Dec
39%
200
26%
Jan
42% July
Jan,
16
*
*
Jan
13%
15%
100
10%
t 6V*
10%
150
10
5%
6%
4,100
.
'
■
Eddy Paper Corp
~8%
Corp———5
8%
250
8%
2000
30
1
—
30
50
20
—15
Elgin National Watch Co.
Eversharp Inc common—,
26%
25
-*
(The)—
Electric Household Util
1
10
10%
1
Co
15%
15%
W*;'
i-,
common—.—
Dodge Mfg Corp common
Domestic Industries Inc class A__
Dixie-Vortex
20
100
Fitz Simons & Connell Dk & Dredge
Co
*
common
•
■
.
12%
12%
44%
5
General
1
10
3%
com——*
5%
Candy class A____
Finance Corp common.
General Motors Corp common
General Outdoor Advertising
3%
Gossard Co
(H W)
5%
9
7%
7%
Parts
Motor
Werner
8% July
Sep
31
20%
Dec
14
Feb
Dec
4% May
Jan
5614 July
3% Feb
6
Jun
4%
Jan
9%
Jun
4%
Jan
7%
Dec
•
101
Jan
13%
Oct
17%
Jan
21%
Oct
350
10%
1,250
9
Jan
2
100
20%
8
10% Jan
44%
450
13%
\
50
37
37%
280
14%
.1
(new)
6%
41% July
39
V
37%
..25
28% July
Jan
Jan
Jan
10
10
.1
3%
23
25
20
20%
15%
700
VA
1%
6
9% Aug
Jan
7%
Jan
9
May
Jan
10
50
37% Aug
Jan
25
17
.
Houdaille-Hershey class B———
Hupp Motors common
50
13%
—3
Bartlett common
Hibb Spencer
100
1,300
38%
■
Hein
1,150
53%
'■
com-———*
Co capital
Heileman Brewing
400
8%
—*
common..
300
3%
5%
Gillette Safety Razor common..
Great Lakes Dr & Dk
13%
52%
*
Goldblatt Bros Inc common———*
Goodyear Tire & Rubber common
*
21
~i%
July
Jan
2% May
4%
300
1%
Jan
12
12%
450
7%
Jan
4% Nov
16% May
19 %
20
1714
18%
Oct
23% May
Indep Pneumatic Tool v t c
•
Indianapolis Power & Light com
*
Indiana Steel Products common—.1
International Harvester common.—*
11 Mt
Jan
4%
Jan
*
.4%
*
7%
Illinois Brick Co capital—
.
4%
10
100
Illinois Central RR common
preferred
Interstate Power $6
$7
—
preferred
(W B) Co
Jarvis
capital.—
Joy Manufacturing Co
...
17
6
6
71%
14
1
*
6%
47%
La
Salle
1%
Univ common—..5
Extension
preferred———*
Libby McNeill & Llbby common
;?
32
Cumulative
Lincoln Printing Co
$3 Mi
Corp
Lynch
common
_
5
class A—
—*
McWilliams Dredging Co common.—_*
Marshall Field common
•
Mickelberry's Food Products com.
Middle
West
Corp
capital
100
1,700
1
Miller
stock
v
t c_
prior preferred—
Chemical
Co
Sep
100
14
V
Jan
.5
%
9%
27%
100
24%
310
13
■
9
14
9
100
8%
10
Jan
Sep
Jun
Jan
Nov
27% May
13
May
,Jan
16% July
14%
1,550
3%
Feb
Jan
6%
3,700
4%
*
20%
20
20%
4,350
8% Jan
2%
10%
2%
200
9%
10%
1,850
8
1
8
40%
•
1
Jan
8%
Jan
40%
40%
46%
900
Dec
21
Dec
3% July
12
July
Nov
45
30
46
6% Dec
10 %
6%
100
46%
July
20
10 %
•
2
27%
10
10
Dec
8% Jun
Jan
10%
6
,
Jan
5
1
32
24% Mar
24
v;
1% July
Feb
250
preferred.
Montgomery Ward & Co common
Jun
48%
19
& Hart—
Common
$1
Jun
14%
350
Midland United Co—
Convertible preferred A
8%
Jan
Jan
27%
--
& Mfg
McCord Rad
July
12% Jun
Jan
%
1%
16
16
Jan
Jan
4%
7%
16
V
Jun
5%
7%
*
common
preferred
Oct
IVz
33
'
7%
Oct
8%
41
49
&■ Co—-
Leath
7
8 %
15%
Kentucky Utilities jr cum pref—50;;
Jan
9%
67/a
12%
July
74%
1% Mar
1414
Lamp com A———*
Switchboard common
Kellogg
Ken-Rad Tube &
July
7
Jan
1
io%- io%
common—.1
19
57
72%
5%
7%
33%
"f
6% May
50
13%.
General
Apr
Jan
Jan
1%
-
July /
50
44%
-
44%
American Transp. common—5
General
Jun
19
11%
8%
39 Vb
•
15%
Dayton Rubber Manufacturing com—1
Decker (Alf) & Cohn Inc common_-10
Oeere & Co common
•
*
Monroe
-
33% Nov
750
Light„pref—*
Minneapolis Brewing Co common
Massachusetts Street Ry—
4%s series A
For
Co
Crane
9% Apr
200
8%
"
26%
9%
July
12 J/z Mar
26%
1
10c
Feb
86
25%
8
Jun
150
27%
—50
Oct
14%
Jan
8%
278
/;■
26%
—
lc
900
!
.
v/://;.//;
^
25%
,
Jan
Container
Jan
35%
187/s
'
a';;20
preferred
*
Flexible Shaft common
5
Chicago Towel CO conv preferred
*
Common, capital —————*
Edison
13% Jan
100
950
22%
Convertible
v
6% May
Jan
16
15%
"V., 1
Chicago
Consumers Co
3% Nov
July
34%
'
•
Commonwealth
Oct
7
Apr
21%
47%
5%%
Quincy Mining Co—
—...—
Reece Button Hole Machine
9% July
Jan
Mar/,
■
1
RR
Oct
67
3%
24%,
Nash-Kelvinator
Service Cos.
82
.
40
2%
2%
12
1
Jan
28% Jan
654
31%
31%
75c
700
1%
25
—
50
10
1%
i%
—
Narragansett Racing Assn Inc
July
// 9% May
*
15
common..;—
40
Jan
4% Jan
245
80
10
■
Hole Machine__10
_
30%
'
9%
8%
*
26.08
1,250
37%
37
100
Pennsylvania
59% Nov
Jan
42
Dec
Central RR common.—
,100
preferred —
.——-—
Massachusetts Util Associates v t c. —-I"
*
Mathieson Alkali Works—
*
Mergenthaler Linotype
Pacific Mills
1% Mar
93
5 %
New
7% May
25
Maine
National
Jan
Jan
45
Copper
Corp (Del)
preferred
6 %
Mar
40
•
Kennecott
4%
90c
122
75c
Dec
56
1
Royale Copper—r——_
Lamson
778 /'-,
58
Co
$7
Bakeries
Hathaway
Isle
40c
'100
98
/_
International Button
17% Jun
418
54
*
Gillette Safety Razor
9% Apr
Jan
56
Stores—i—
Corp
Dec
92
*
Capital
General Electric
May
100
Public Service
General
.
35
Feb
6
87
91c
8%
.100
Association
Employers Group
Jun
Apr
8%
16 y8 July
3%
103
:
5%
5%
.100
Eastern SS Lines Inc common.——
First National
v';V %
151/e
%
4%
54
100
.
,
'90c
10
Gas &
Engineers
' ' •/'
———
Fuel Associates—
4%% prior preferred
——
6% preferred
er
'
Jan
23
5
6%
6%
5%
Copper Range Co
Boston Co
East
Eastern
30%
14%
t
Jan
11 % Jan
105
14
6%
5
Mining Co
Cliff
13%
30%
Service
Cities
8% Jun
2%
.
:
<■
Calumet & Hecla
8% May
Jan
2%
38
—100
-100
8
Jan
1%
465
5%
-
Jan
1%
,2
25
708
;
435
Personal Prop Trust——-
Boston
51/4
,5 %
100
1st pfd
C
class
7%
4%
4%
-
'
stamped
stamped— —100
class B 1st pfd
8r/e
.
—
/ 10%
1%
4%
I
28%
'
100 i.-.
—
1
—
26%
1%
stamped—'.
preferred
class A 1st pfd—
Stamped
5Vo
■■
28
100
preferred
prior
6 °,'o
//' /
RR—
39%
8%
preferred-—
Chrysler Corp common
Cities Service Co common—
Mar
'1
50
9
112
Jun
3,316
^
27% July
2% Jan
350
'
Chicago Corp common,
Sep
Nov
'
——
Consolidated Biscuit common
Boston & Maine
9
6%
Jan.
32
'
15%
15
35
1
50o
Preferred
Central States Power &
4%
20%
35
•
32% Jun
127 Vb
12
113
121/8
12%
99
._100
34
.Elevated Ry.
536
113
—100
Edison
Boston
1,809
25%
24 7/8
;■/:
Inc
Son
&
Bird
Boston
20
29%
'
156%
& Tel——.—
Tei
Anaconda Copper
Low
30%
156 Va 156%
'/■/
100
17% Jan
High
Low
Par
■
pfd
—
lien
Prior
Range for Year 1943
'
■-/
Serv $6
Central & South West XJtil com
Shares
of Prices
.
100
3%
Nov
15
7%
100
5%
10
common
■Common
37%
.
.
3
100
5%
8%
Central Illinois Securities Corp—
official sales lists
both Inclusive, compiled from
Jan. 8 to Jan. 14
(A M)
158% July
9
10
Illinois Pub
Central
Jan
1
Brothers
Castle & Co
128%
3,100
6
,37%
Vfvv
!
Butler
600
15
10
Piston Ring common
Burd
111% July
8%
5
(E L) common
Bruce
18% July
Jan
i
—*
*
Fence & Wire class A
Bunte
series B—
5s
Jan
90%
—
.9
capital.
pfd
J)
12%
90
20
20%
3
.
common
&
2,200
5%
1
Brach
Jun
614 Apr
,5%
&: ^
4
—*——*
Brown
64% Jun
102%
Corp
Warner
4014 Nov
Jan
111% 112-.
156% 156%
common......_5
Corp
Jan
2%
8%
4
Berghoff Brewing Corp
Jun
56
Mar
55
$29,000
36,500
54
60%
59%
Aviation
6
400
1
common
Belmont Radio Corp..
Bendix
Dec
44
Borg
1976
—«—1P75
—
1975
Transit Co 4s
/: 28% Oct
Jan
35%
25%
35%
'
—
150
4%
:
Bastian-Blessing Co common
*
Belden Manufacturing Co common—.10
Nov
82
Co
11%
5%
—
Aviation Corp (Delaware)-—
Oct
43%
70%
70%
—_—25
pfd—.100
—-—30
Amsterdam Casualty——--—2
Fidelity & Guar—
50
112
Equipment Corp common—
Investment
Jan
19
20
Preferred—100
-100
5
common
14%
10
1 4%
«
Athey Truss Wheel capital..
—
(Tom) Distillery
Vernon-Woodbury Mills
National Marine Bank
5s series A
Dec
30%
Jan
27%
10
Co
Associates
28% Feb
—
Moore
Bonds—
Aro
10 % July
27%
27%
&
Armour
51% Jan
110
4%
capital—,
American Tel & Tel
July
200
11
5
Castings
common
American Public Service
9% Feb
Jan
Mar
10
10
10
Jun
35%
35
Allied Laboratories
62% Mar
61
14%
14%
*
common..
High
Low
High
60%
___•
,
Mfg common
Advanced Aluminum
67% Aug
120
Jan
6%
125
17
44
44
■.
114%
225
8%
44
—5
6% pfd vtc—25
Merchants & Miners Trans
—/ '7
Monongahela West Penh Pub Serv—
l"/o preferred ——
—25
Baltimore
(J D)
common
Adams Oil & Gas Co
Jan
12%
Aug
57% Jan
86
15
142
:
,
Houston Oil of Texas
U S
8
115% 115%
8%
&
of Arner A com
Laboratories
Adams
2.95 Jun
1.00 Mar
456
10
,9%
—
Deposit Co—————20
& Guar Fire Corp——
10
New
1.30
181
66%
Pow'er common.—*
4%% preferred B—
—.——100
Eastern Sugars Assoc com v t c—1
Mt
790
1.35
Mar
19
Jan
16
Range for Year 1943
Shares
of Prices
LOW
Par
High
■■
Gas E L &
Fidelity
17%
1.30
*
t c—
com v
,
Abbott
17%
17%
*
.
Preferred v t c———1
Consol
High
Low
Arundel Corporation
Low
ior Week
Range
ale Price
STOCKS—
1943
Range for Year
Shares
of Prices
/' Sale Price
/;//////'
/,/'
for Week
Range
Last
//
Last
lists
Sales
Week's,^
Friday
/;vV,./'
Sales
Week's
k',//'///////.Friday-
STOCKS
inclusive, compiled from official sales
Jan. 8 to Jan. 14 both
compiled from official sales lists
Jan
Nov
50
Sep
r
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4247
Volume
OTHER STOCK EXCHANGES
1
Sale Price
STOCKS—
;5
1
1
11
National Cylinder
Gas
National Pressure Cooker
National Standard
-
Shares
of Prices
Range for Year 1943
Low
High
Jan. 8 to Jan. 14 both inclusive, compiled from official sales
lists
High
147/8 July
9%
Jan
13
100
4%
{Jan-V.. 14% Nov
32%
32%
400
26%
Jan
—20
18
18%
450
8%
Jan
*
18
18
12
13
2
common
stock—
cap
■
Glbveland Stock Exchange
for Week
Range
'(
Low
Par
common———1
■
,
Sales
Week's
Friday
'W. Last
..10
.
12 V\
.
•
300
.
5755.7v:
STOCKS—
''u
Northern
Paper Mills common
Northern Illinois Finance
17
Northwest Bancorp common-——
*
North Western Util prior lien pref—100
7r!o
preferred
—
Nunn-Bush Shoe
Omnibus
Corp
—100
—
■6 7c
preferred
26%
.
Jan
56
Jan
Jan
23
%
Jan
Jan
10
30
10%
300
"2%
30
79
•
8
4,600
3%
3%
79
7100
Clark
,
17%. Dec
Sep
86%
17% "17%
18
27%
500
23 %
Jan
33
May
2%
IV*
200
^73^
74%
460
Manufacturing common—50c
6 % preferred" .,2—
i—-.5'
Rollins Hosiery Mills common..-—__4
17%
24 -W
1,100
4%
4,150
7%
200
Schwitzer
11
Electric
Switch
RR
Potter
Co
Process
class
A——— .10
capital—
27
50
1
2%
(The) common———*'
1%
(The)
Corp
common
Quaker Oats Co
—•
common——x
Raytheon
4
■
Cummins
7
capital.—1
Serrlck Corp class B common———1
Steel Strap
Signode
Co
Sinclair Oil Corp
South
Bend
Works capital——5
21%
Spiegel Ind. common—.2
St Louis National Stockyards capital..*
30
Common
16
Nov
3
Jan
8%
Sep
..
42
13
2%
12%
13%
,600
common—
Sundstrand Machine Tool common
White
capital
International capital—.
,
7
Oct
4%
Trane
Union
July
7
Jan
Feb
21
,:50
30
Jan
36% Mar
14%
Jan
18 V*
10
3 Va
Jan
11%
175
>
11%
11%
Jan
15
Oct
Mar,
Dec
12
40
10%
Dec
13% Mar
32%
33%
643
23%
Feb
34% July
25
*
9%
Jan
20
7
Jan
a34
18%
V'
a34
18%
July
125
18%
2,125
■
,
May
■
8%
100
100
—
,
''
8%
105
a21% a21%
■
103
100
a37
9%
60% Mar
90
Sep
Dec
40
-
; A55 35
a37
a40%
al6
al6
18
850
14%
Jan
18% Mar
New
2,950
22%
Jan
27%
Dec
Ohio
30
600
27% Nov
35%
Apr
Republic Steel
53% July
14% Sep
Corp capital
25
CO (The) common————2
15
Jan
14
a40
U
Texas
Jan
4
12
a37% a37%
28
.15
9%
20
a40% a40%
a20% a20%
—
28
'
11%
Addressograph Mul common
—10
General Electric common
...»
Industrial Rayon common—5.
Jun
17
25
no
,
.
Unlisted—
Nov
14%
Jan
Apr
13%
''
33
v
♦
^
—t—..._..._50
Youngstown Sheet & Tube
38% July
•Jan.
Inc
Works
Motor
27%
5
Co
1 %
300
Iron
Feb
25
12
.—III*
...I. 25
Drug Stores..
West Res Inv
Corp preferred
Jun
17%
Jan
Products
Dorn
11%
14 ;
.5
____
35%
Jan
180
*
50% July
Jan
18%
300
.?r
,
*
—?
—
Nov
30%
118
,
new
July
35
10
5%
—
60
174 !
555
11% :
11%
Jan
235
:
IT
Weinberger
700
250
Jan
28%
150
16
50%
Jan
Van
22%
.
50
100
.
32
22 Va
July
50
49
31%
22 %
*
Cement
Electric
Thompson
Apr
250
1
Swift
27%
101%
49
18%
134
a38% a38 %
,
*
Richman Bros.
Standard Oil of Ohio
13 % July
Jun
a43%
25
'•5,;
a21%a21Va
Refining
Reliance
Jun
Feb
a42
Apr
Jan
81
56
a21
'
—
:1
—
Patterson-Sargent
Jan
17%
'2 July
33%
5
&
4%
Jan
10\
2%
Stewart-Warner
Swift
9%
83
33%
Sterling Brewers Inc common
Corp
May
Mar
3
56
71
10%
290
a42% a42%
II
Sep
22% July
8
14%
a21
_
i_—■
(A G)
Portland
National
Sep
14
20
1
Indiana
of
7
Jan
30
caoitai—2h
:
—
Oil
Mar
McKee
Medusa
Apr
600
300
35%
,
3%
a
250
T-
6%
6%
Standard Dredge preferred———20
Rt.nnrtard
'V
Jan
5
50
22
101
Mar
14% July
Jan
'7%
250
4%
2%
1%
C;
50
.14
101
& Power pfd—*
92.
Jan
70
-
15
225
14%
56
25
Kelly Island Lime & Tr
Lamson & Sessions—
Laland Electric
3% Jun
65%
High
Jan
50
64%
Jones & Laughlin
2% May
Jan
Dec
Co....
Jaeger, Machine
■
10%,' 11%
•
—
Lathe
Southwestern Light
1
1%
100
11
3%
14
common
%
.
Rubber
Goodyear Tire & Rubber————*
Great Lakes
Towing
—100
Interlake Steamship
;
—•
Dec
Pennsylvania
&
F)~_
(B
18%
6%
85
a
all3%all3!%
:~«—ZZZZZZZZZZ*.-
Controller
Goodrich
100
15%,
15%
14%
Range for Year 1943
Low
10
al5
ZZ ' *
preferred——I*
Shaves
High
10
C~
■
Iron
General Tire
Jun
Jan
''■it-
5
———„*
Controller—
Electric
Jun
5
Feb
Feb:
70
Low
,
.
Dec
14%
5
Body
for Week
of Prices
.
Cleveland Electric Ilium S4.50
pfd—*1
Cliffs Corp
common—....
5
Oct
100
Penn
&
...
Cleveland Cliffs
13% Aug
4%
.13%
-
-
Coach
City Ice & Fuel
103
9
13%
;
Dec
10%
10%
—
American
July
10%
10
—^2%
Peabody Coal Co class B common——5
19%
Jan
70
100 7
17 %
,——6
common—
common
7%
so
103 Va 104%
26%
Jan
12
100
19% Sep
"
10%
10%
*
common
.
Sales
Range
Last
■
Sale Price
Par
North American Car common
Week's
Friday
■;:77
July
38
-
York
S
Oil
Central
RR
*
common
common—l...
*
common—
steel
—
18%
a
18%
al7% al8
•
——
Youngstown Steel Door
a
1
—
a52% a53%
__
al3% al4J/4
Carbide & Carbon capital-
——
United
U
Line Transport
Air
S Steel
common..
capital-
common——
Utah Radio Products common
Walgreen Co common
Watling, Lerciien & Co.
.—*■
r\.v;; *y/':
Wayne Pump Co capital——1
Williams Oil-O-Matic common
•
Bankshares
Wisconsin
common..
Industries
(Wm Jr)
Co
capital...
*
Chicago Stock Exchange
Ford Building
Yates-American Machine capital.
Zenith
Radio
common.—
American Radiator & St San com
Anaconda
11% Jun
24 Va
Dec
;
45Va
Jan
•
65
.July
common——*
54%
Nov
69
Apr
—1
5%
Dec
•
30%
Jan
9% May
39% July
6%
Jan
15
Jun
10%
Jan
20
May
Copper
Bethlehem
6% Jan
•
50
com.. 100
Mining
Topeka & Santa Fe Ry
Atch
DETROIT
Telephone: Randolph 5530
Stocks—
Unlisted
:
Corp
Steel
Corp
31%
Apr
Detroit Stock Exchange
Jan. 8 to Jan. 14 both
Curtiss-Wright
.
Electric
General
Co
Nash-Kelvinator
New
Corp--——-;.
Central RR
York
capital
Pullman
Inc
Pure Oil
Co
26%
(The) common.
Jan
40
9%
—
Jan
Atlas
July
Electric
Drop
12 %
May
20% July
Consolidated
60 Va
Sep
Continental
xtudebaker
15 Va
Dec
1
10
U S Rubber Co common
46%
Crowley,
Last
Range
*
26%
Shares
common..
&
Cleveland
Edison
Gray
5%
Jan
Advertising
Cincinnati
Bali
Products
*
-.5
Crank———
N
&
O
T
20
P———————
Cincinnati
Street
Cincinnati
Telephone
Cincinnati
Tobacco
..—50
Crosley
—
—..50
Warehouse
Corp
8%
Sep
Drug
——J——*,
—
Trailer
Eagle-Picher
Formica
....
Insulation
10
Finance
Motors
4%
Motor
Drug
—.*
.
Jan
103
Nov
84
Feb
101%
Dec
*
V
Michigan
Jun
9
Jan
Michigan
13
5%
Jan
10
18%
9%
Jan
23 Va July
60
2%
Jan
74% July
3%
Jan
5%
Jan
13% May
Jan
35
1%
Jun
Procter & Gamble
Rapid
...
————
32%
57 Va
56%
10
10
Jun
Packard
U.
S.
Playing Card
S.
—.10
..
Printing..'.
Preferred
41%
8%
*
—50
—
49
41%
Davis
Parker
2% Dec
Rust
Jan
43
24%
Feb
32%
Oct
Jan
58
Sep
Reo
Jan
10%
Dec
River Raisin
30 Vs
Jan
42
July
"I
common
9%
3
Jan
10
Jan
54
Nov
Columbia
General
Standard
For
Gas
—
footnotes
_*
4%
•
——;
see
page
247.
29%
30 Vs
22
25
Sep
5%
Jun
31%
Dec
100
1%
Nov
950
10%
11%
Jan
17%
222
9Vs
785
3 V*
3%
1
*"
3%
4
'
640
30%
18%
'
18%
2,725
:5;''8%
8%
8%
'
1%
y'l'-
2%
28
176
1%
■
527
4
-
16%
til
Jun
18%
'
Apr
11% July
3% July
Jan
5
Jan
16
Jan."
200
5%
4%
-
May
18% July
y
1% July
■
Jan
175
.
Jan
I Va
May
32
Jan
76c
212
1%
r
5% Jan
1% Jan
100
30 y*
'■
7
1%
*
—1
•
1%
yt
_
•
6V2 July
2% Mar
Jan
3V4
10
7% Mar
.:r:
4% Mar
1%
:
May
Jan
V..
,
-,,
8V2 July
2 % Mar
:
10
V4 Jun
—1
1%
1%
200
1 Va
Dec
2% July
2V4 May.
Stearns
;
/
common.,—
1
Paper common
*
S
common.:
Pattern
(Fred'k)
Timken-Detroit
Invest
Radiator
Universal
55% July
350
Jun
1 %
Dec
17 Va'
17%
*
5%
Apr
-.2%
•
•
3%
15% Aug
Jan
6%
28c
Feb
Jan
1%
75797
——*
common
100
7
Jan '
1%
62c
16%
.
17%
—--5
common—
300
260
:
Jan
Jan
29%
1
13c
41,203
• :
1%
86c
'''.7:77
■0:: 6
'
^.50c
common—
33c
1%
85c
Jan
10%
Jan
Apr
23% Aug
4% Dec
1%
133
2
75c
Jan
1%
15 Va
44%
Jan
Feb
,400
U
231
2VB
2,400
16% July
562
19%
2%
Jan
:
49c
4%
Apr
3 %.
10%
4%
62c
23
Dec
83c
2%
114
53%
Dec
3 '/a
Motors
13%
4%
1
11% July
:
9Va
13 V8
52%
10
46c
■24c
,
.
—
common.——...2%
Brewing
15
Motors-
Brands
13'
2% May
Jan
56c
.
9Va
Union
,.—25
.
——*■'■
common
Proof
r—
3%
preferred—
.100
common—10
1
—
,.l
common..
preferred
Cooler
"A'-'
1
.
*
1%
1
3%
Jan
2%
.
Feb
28
714
1%
1%
1
1
3%
16%
37a
3%
•>'
,
Jan
600
•
1,000
100
Feb
Nov
3 V4 May
5Va
.
Jun
33 Va Mar
2%
Feb
450
.
Jan
374
100
29
7%
Oct
July
Jun
2 % May
68c
Jan
2
Jan,
5
Dec
3%
Dec
5
Mar
.
3%
100%
Dec
1 Va
700,
7
7.Va
4
23%
300
3 Vat
"5% ^7
26%
*
395
2%
.50
Jan
35
28
2%-
5 %
__
100
100
2%
2%
^l/a
—*
1
Wayne Screw Products common—.4
Aircraft common——
27%
__
——*
«'B"
Warner
100
—
Axle
common—
Udylite common
Unlisted—
Rolling Mill
City Ice & Fuel
Feb
4%
;
Standard Tube class B common——I
Oct
38
Car
Prudence Investment
July
50%
31c
—'. *.
Peninsular Metal Products common—1
Tivoli Brewery
American
4% May
July
3% May
Jan
53c
62c
1
*
common—.
Motor
Simplicity
U.
83c
1
Sep
Jun
VJ: 56
1% Jan
22%
1
common
Corp common.
Chemical Co common...
Park
.
2%
10
—*
—...
1%
4%
Motor Wheel common...—
48%
57%
652
Nov
28
'
6%
Jan
8%
55c
1
Dec
2%
•
Jan
44%
1
10
17%
Jan
2
3%
2%
May
2734 Mar
Jan
3%
53%
1%
——-——.—.10
Abr
37
33 Va
«
....—
3%
Vv 17
Mar
2%
common.
Micromatic Hone common—...
Pfeiffer
32%
1 Va
17
5
53
common———1
common
Silica
Sugar
Mid-West
Dec
16%
3%
2%
32%
4%
3
leS'Vs Jan
8%
Murray
40
*
Kroger——.——
2%
common——
Preferred
Sep
7%
35
39%
*
Jan
32
10
McClanahan Oil common
.
Parke,
....__—I.I.i—5..—
Hatfield
Hobart
Jan
70c
Dec
Feb
81%
7%
Car
Wines
100.
11%*
5
Apr
22% July
1% Apr
A-.".: 4% Apr
17%
93
common
common
Kresge (S S)
LaSalle
101 Va
5%:
Jan
5 Va
19
1
common..
common.—
Goebel Brewing
Jun
73 Vz
11%
33
11%
5
18%
1
11'A Dec*
.
4% July
93
_1
common—
3%
5%
w.y
7Va May
Jan
Nov
Motor Prod common
Dow
Jan
1
Jan
11%
18%
*.
4%
15%
13% Mar
Hurd Lock & Mfg
Feb
Jun
July
700
20%
Apr
2Va
4
560
:
15
51
13
25
...
;-Jart''f\
Uan i::-\
12 7
20%
55
73
73
4%
.756
19 Va
General
High
11
6%
15 V*
650
.
3%
Hudson
8 Vb
Jan
23
Dec
7%
7 % May
17%
Nov
3
Apr
Jan
3%
6
99
Apr
8%
23
10
101
„
5%
3%
4%
5
6 Va
3
__
Cincinnati Gas & Electric preferred.100
2
Dec
9%
,
May
4 Va
100
3%
15%
5%
I—.
20
3 V2
.
.
15%
common..10
common
11%
„
Cincinnati
C
Nav
common
Iron
8%
-
High
.'J:.:;
1 Va
5%
.
17%
Kinsel
Churngold
170
1
Graham-Paige common—
—1
Grand Valley Brewing common..
1
55
Preferred
12 Va
3%
,
6 Va
—
1,125
15%
..v
,-1
8%
.
Brewing
10
common
Gar Wood Industries common—
Range for Year 1943
'
Baldwin'
...
Frankenmuth Brew common—
Low
183
27
6%
'm
....12%C
Motors
Milner
Fruehauf
High
26%
-tm
•
_
common...
General
Low
Par
Industries
Aluminum
6%
12%
'
Corp common.—3
Federal- Mogul common.—
5
Sales
for Week
of Prices
150 ^
Ex-Cell-0
compiled from official sales lists
Sale Price
206
6%
Detroit-Michigan Stove common
1
Detroit Steel Corp common———5
Cincinnati Stock Exchange
STOCKS
Machine.
common..
Detroit
Week's
Low
1%
6V4
Paper
Detroit
Friday
High.
1%
—1
V77;
Range for Year 1.943
Sep'
Detroit
Jan. 8 to Jan. 14 both inclusive,
Shares
'
Biscuit
Burry
Republic Steel Corp common—
*
Standard Oil of N J—-—
—.25
Corp common
Low
Forge common.
Baldwin Rubber common.
;
f
for Week
of Prices
—.—-P
common
Adding
Sales
Range
.
Sale Price
Par
19'A May
America common—-•
Week's
Last
Burroughs
Radio Corp of
inclusive, compiled from official sales lists
Friday
STOCKS—
Allen
Burger
:-
New York Curb Associate
Detroit Stock Exchange
common.———2
Wrigley
I'.V->
•,
New York Stock Exchange
_*
Woodall
..'./'-TV,',
Members
1
.
Monday, January 17, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
OTHER STOCK EXCHANGES
/'
compiled from
14 both Inclusive,
Jan. 8 to Jan.
Week's
Friday
Bandini
1
.—*
1
Bros Corp common——:
Barker
Consolidated
Barnhart-Morrow
Berkey & Gay Furniture Co———1
Diamond Corporation—
2
Broadway Dept Store
^
Corp- common---*
Investment Corp-—
100 ; —
Cessna Aircraft Co_——
——1.v — 7
6 % 6/a
Chrysler Corp *—
® .a-.a8H8'a8?«>7
Consolidated Steel Corp———v—»»—
^ J?
California Packing
Central
Preferred *
———^,■
Jan
16 Va
Jan
28 %
19
~Jan
Nov
\
68%
55
19 Ve
81
Baldwin
Sep',
Barber Asphalt
.
66% July
Budd
Oct
12%
Budd
Jan
50
May
Chrysler 'Corp.
Feb
450
Dec
Curtis-Pub Co
5
Jan
14
26%
Jan
41
57%
Jan
85
Jan
2% May
4%
Lehigh
Valley RR
Nov
13%
Mining Stocks—
>
Nov
5c
Jan
9c
8c
Jan
36 Va
Aug
Feb
26%
Dec
30 %
Oct
-
19%
•
Transit Investment Corp
Sep
Preferred
Jun
6%
Jan
2.10
United
11% July
7%' Jan
Nov
Jan
42
Jun
17%
Jan
27
Jun
1c
Jan
;
3%
7Va
Jan
4
Jan
;
Nov
28%
Feb
32
6c
1.15
1.20
'37
Jan
Jan
1%
American
American
Viscose
Atchison.
6%
a9%
25
3
13
5
Works v t c
Baldwin Locomotive
Co—
Oil
Barnsdall
Bethlehem Steel Corp—
—
*
-5
Borden Co —1——-7.7———15
Case J I Co
———100
Caterpillar Tractor Co
*
Boeing Airplane Co—
Gas
Columbia
v,
*
———*
& Electric Corp..
Commercial Solvents Corp
1.20
Corp——————1
Continental Oil Co (Del)
—5
Curtiss-Wright Corp --————1
Class'A ————1
Co
.
—*
General Foods Corp—————
*
Goodrich (B F)—
—.—•——*
Graham-Paige Motors Corp
1
International Nickel Co of Canada.
*
International Tel & Tel——————*
Kennecott Copper Corp
*
Electric
a31
—
American Aviation, Inc.
Co
American
North
Motor
Packard
Paramount
——1
—*-
——•
1
Car Co
Inc__—
Pictures,
Pennsylvania Railroad Company——50
Phelps Dodge Corporation
—25
Pullman Incorporated
*
Pure Oil Co
*
Radio Corp1 of America
•
Republic
Steel
—
1%
—
Standard
*
Brands.Inc——
Standard
Oil
Stone
&
Company (Indiana)
Oil Co (N J)_
Webster
Studebaker
Swift
&
Texas
Gulf
25
25
•
Inc.
I
Corp
a31%
(The>
—
Sulphur
10
Union Carbide & Carbon Corp
»
Pacific Railroad Company—_100
Air
United
H
United
Lines
Transport
Co
States Steel
for>r,wps
al6%
5
-—10
Corp
see
page
;•
—
v
a24%
•
247.
Apr
22 Va
Dec
24%
2,037
23%
Apr
26% Aug
23
114%
Jan
120% Aug
34% July
23%
117 %
117
33%
33%
270
26%
24 V*
Dec
31%
175
3%
Jan
V
28%
988
13%
Jan
26%
16%
16%
121
14%
NOV
22% May
33%
34
160
26%
Jan
34% Nov
27%
28 Va
Jan
30% Mar
J
Refractories
Walker
Gas_
Star
Corp
13
Jan
19
A
69 V
13%
15%
Dec
39%
45
5
30
9%
Jan
78
22%
Jan
100
10
400
4%
Jan
20 Va
25
29%
Feb
275
5%
Dec
::
a34%
13%
4V«
16%
3%
16Va
—
__
.
10
*
—-
—,;
,
•
;• •
9%
Nov
Dec
.
Jan
104%
Nov
9%
Jan
8
July
95c
Mar
2
Dec
Jan
25c
Feb
1%
Jan
CO
4Ve
Dec
Apr
90c
7',;
:
15%
Oct
3% July
Jan
94
Aug
4%
v
Jan
9%
Oct
6%
.
27. Jan
2%
Oct
Jun
98%
i
Jan
25c
9% Mar
94
Oct 7
Oct
/ ' 24% May
Jan
Unlisted Securities
17 V?
55
35%
Jan
42
35
36%
1871
Missouri
St., St. Louis 2,
''
-
•
,
1
.
"
Phone
'
CEntral 7600
Chicago Board of Trade
Bell Teletype SL 693
V
500
1
335
Apr
Feb
2.5% Dec
■
'
39% July
Si. Louis Stock
2% May
Mar
36
212
'6%
Jan
16% May
136
29%
Dec
35
130
5%
Jan
Jan. 8 to Jan. 14 both
Apr.
8%
Jun
54
Apr
36%
Feb
10 %■
Jan
20%
•
Apr
8%
Dec
14
18% July
40
10%
Jan
865
2%
Jan
53
15%
Jan
366
24
Jan
117
20%
Nov
513
33% Aug
12%
60
525
5
Jun
5
>
27%
Brown
Jun
31%
23%
Apr
Falstaff Brewing
19%
14%
Jan
Jan
89%
10%
Jan
15
16£
Jan
29%
Apr
29:
)%
Nov
29%
Nov
28%
Apr
36% July
47%
Jan
60
35
—_
Johansen
Dec
Shoe
common—
Midwest
—
—_
Missouri Portland
Cement
105
24'
i%
Feb
27%
Dec-
124
42 Va
Jan
50 VA
Aug
St
55
34%
Dec
34%
Dec
13%
125
9%
Jan
15% July
81%
Oct
Apr
Stix,
18%
Jan
29
Sep
Rice-Stix Dry
1st
398
48
Jan
39% May
59
Sep
July
Goods
100
Louis Pub Service
common
5
1
10
Electric common
15
bonds—
..
i
;
,
7
35% 36%
1%
1%
5%
5%
16% 16%
L
Pub Serv
Scullin
Steel
.
.
.
s
14Vs
12%
11
14Va
6%
32%
12
13
125
10
100
20
31V?
9%
31
9%
9Va
31 %
100
55
170
63Va
91
63 Ve
91«.
$4,000
91
__
9%
-
~
116
8%
8%
6%
6V2
Jan
Jan
Jan
Feb
24% Jan
"
1964
—1951
4,000
53
85
Jan
Feb
Dec
9%
7%
Oct
38% July
•1
2% Aug
6 Va Mar
•
Jan
Jan
Jan "
Jan
Jan
Feb
Nov
7% July
1% May
15V4 Dec
14
15
13
7
4% Feb
50
Jun
July
8% May ,
Feb
Jan
Oct
Jan
Jan
28% Jan
215
July
6%
21
7%
5%
71/?
3%
231
200.
25
50
175
68
170
9%
20
High
43
Jan
5
25
100
9%
20
'
25-year conv inc
3s—
;
v.
Year 1943
3% Jan
12 Va Jan
73
349
300
16'A
.
St
:
14
15
32
13
31
-
620
% 5
125
__
A—1
Baer & Fuller common
v20
5 V?
18
'
8%
7%
9%
Range for
* Low
,
13
7V$
9%
7
''r-;
Shares
I6V4
14
—*
common.
preferred
Wagner
15
45
I
'
*
Scruggs-V-B Inc common
Sterling Aluminum common
84%
Mar
■
National Candy common
9% July
Dec
24% Nov
II
National Bearing Metals common—*
Sep
14%
33
1
common—25
Jan
48
36
Piping & Supply common—J.*
Feb
60
■
20
...
-
12
'
*
Laclede Steel common
7%
10
,
-
1
»
Key Co common—
July
5%
42
5 V?
18
8V?
_._5
100
International Shoe common
20 % July
59%
.
—4
common—i.
Huttig S & D common-——.
Hydraulic Pressed Brick pfd—
July
465
;
Sales
for Week
40
1
•
official sales lists
High
Hussmann-Ligonier common —7V8
12 % May
309
Low
,
10
Electric Co
Pepper common-Emerson Electric common
Aug
Range
of Prices
* v
common-—
Week's
40
Far
.
Dr
35%.Nov
Jan
Shoe
Century
May
245
-
r-
.
Apr
'
■•••''
1Sale Price
STOCKS—
.
50
,
Last
48% July
220
Friday
,
v
Exchange
inclusive, compiled from
63% July
170
65
-
Oct
100
53
18% July
Jan
5%
.192
22V* 22% '
,
Associate Member Chicago Mercantile Exchange
New York Curb Exchange Associate
1,622
53
'—•
Dec
4
8
500
1,800
61
25
9% 9%
95 ■ 95
;—
New York Stock Exchange
8%
a42%a42%
3V?
Jun
Jan
17% May
39 V July
101
a29%. : a28% a29%
3Va
Members
■
Chicago Stock Exch.
Apr
Jan
60
a80% a80%
3Va
St. Louis Stock Exchange
July
37
15
100
a96 % a96 %
a24V8 a24%
—
4%
■77.
V
13%
"
700
80c
41/?
Nov
8
Jan
92
45
''
-
80c
4V?
*
1
10
——100
—•
>
5%
Jan
Nov
1%
1,070
1,164
, 168
181
IVa
1%
96% 98V4
4%
5 /
17% July
6 Ve
54
8
Jan
2
657
8'A
6% 7
50c
55c
':
:
11 % Jun
14%
534
80
-6,525
180
103
102
8Va
Jan
10
25
100
7%
4%
16'A
4
16%
Jun
6
10
13%
" 7%
31%
Jan
r-l CO fT -CO
145
8% '8%
.
High,.
'■/: LOW
High
26% 27
.
Range for Year 1943
Shares
'
7% May
31%
10
22»A
13%
__
Oct
Sales
Established
Apr
546
.
Dec
16%
35% Sep
for Week
7%
300 North 4th
1% May
Jan
2%
Feb
•:
Edward D. Jones & Co.
15% July
26% Oct
Nov
Jun
12%
Range
St. Louis Listed and
14% 15%
a27% a28
a50
a50%
a34% a34%
15%
;
%
■/y
244
1%
241
Week's
4%
Jun
■'■
Jan
8,229
2%
of Prices
—-»-l
preferred—
preferred
——
6%
Apr
17%
88%
12%
8%
__
.
6^
Dec
Nov
t
2% May
Jan
Jan
781
Sep
39 %
2
2% Aug
Jan
r.17%
35%
Sep
42%
20
Feb
32
80
Apr
45
a33% a34%
a54% a54V4
—
29 %
28% Aug
%
1,286
l»/4
Dec
25
7%
;
July
55%'" Nov
111
100
^ 137
63V? Mar
1% July
15%
,
————
Westinghouse Air Brake—
July
Dec
Jan
36
Jun
6%
20 Va
a297/8 a30%
__
^ 27
Nov
215
i
.
Co
Renner
64% July
Feb
30
Feb
48%
2
Low
10
—
Reymer & Bros-—
Shamrock Oil & Gas common
Jan
3%
22%
a30%
Feb
Oct
43%
65
58%
2%
Pittsburgh Oil & Gas————————5
— Pittsburgh Plate Glass——
—25
97%
Pittsburgh Screw & Bolt Corp
*
, — ,
{■'
<
V '
•• i,c. >
S
V'V "i:' <*' l-.#i
July
12%
17%
86%
12%
87%
12%
—
/
21%
45
6
Jan
11%
Nov
f 2%; Jan
115
■■■-'
Jun
Va'
39 Va
58
100
——
National Fireproofing
Nov
196
12 • 12
a31% a317/8
al6%
10 -
48
505
22%
110
100
9
9
39%
15
*
Mountain Fuel Supply—
156% July
165
al5
16% 16%
a8% a8%
al6V'8 al6%
4
4
a24V4 a24%
• .27
27
39% Aug
30 % May
inclusive, compiled from official sales lists
*
*
10
—1.
*
Koppers Co preferred——
43% July
255
al6
10
10
-
Oil
Harbison
11% Jun
Jan
41%
a21% a22
a27% a38%
a22
'' a38%
al6%
—
Aircraft Corp
n**
„
„
Union
United
>
—
*
Co
Tide Water Associated Oil Co
6%
Jan
a58% a59%
a45% a46%
;
25
32 Va
Apr
8V4
Pitt Brewing——...
Fort
0
32%
7%
25
Company
Texas Corp
^
—/
*
Corp———
Sears, Roebuck & Co—
•
Socony-Vacuum Qil Co
———15
Southern Railway Co—.
*
Standard
.
a37%
a42%
*
Jan
16%
33 V?
—*
Co
(D
Devonian
Sep
20
5%
5%
a31 a31
6
6
a 16% al6%
a37% a37%
a42% a42%
a42%a43%
1%
1%
27% 27%
,
Montgomery Ward & Co Inc—.—--—*
New
York Central RR—
*
North
1.25
Feb
al5
Libby———.——7
Inc—_——
Loew's,
Jan
105
%.
—
—
23%
1
26%
Columbia Gas & Electric common
Sep
y
2,080
4,139
1%
*
(A M) common—
L) Candy
Byers
Clark
Oct
7c
131 Va
Edison Co—-——25
a25'A a25%
Southern Corp——%%
Vultee Aircraft Corp
1
11%
11% 11%
Libby, McNeill &
7
35
Commonwealth &
General
Jan
Feb
863
25 > - 25 , ;
5% 5%
56
56%
__
7 a25 a25%
3%
37/8
3%
__
a 19% a20%
—;
a 16% a 16%
a58%
a57% a58%
—
al4 al4%
—
a29% a29%
__
a37% a37%
— •
a44% a45
__
a4% a4%
Continental Motors
Blaw-Knox
•• Mar •
85c
1,100
a9%
Commonwealth
Consol
b-4
y •/
27%
21V?
Sale Price
Allegheny Ludlum Steel
Jun
20
2c
.
Sep
26 V?
Par
July
13
3%
330
5%
•
STOCKS—
May
24% July
22% Julv
a44% a44%
Co—_
(111.)
5
Topeka Ac Santa Fe Ry—100
__
Co
£ Jan
Jan
Last
10
a38 Vb a38 %
Corp————14
Corp
Aviation
Jan
3'
3%
Friday
Sep
Mar
6,756
Pittsburgh Stock Exchange
Sep
13%
16
Jun
5
•
—
Company
Atlantic Refining
6 Va
Jan
156% 156%
Anaconda Copper ^Mining
&
Jan
9
'-
Mar
7%
20%
■--
Jan. 8 to Jan. 14 both
39% May
Jan
8 Va
Jan
2V<
—-10.
Inc
-
30% May
28%
1,000
6c
Improvement—
Sep
16
.,'V T*
a9%
Sanl Corp
*
Refining Co———*
Tel & Tel Co„
—.100
'
*
Sep
32% Mar
"
—
32% Aug
8% Jan
Jan
2%
iV
44 V? Sep
15%
3%
280
4%
1%
1V4
35 %
distribution————
25% July
29%
43
Gas
Ex-stock
Westmoreland
Sep
Jan
Jan
19% Mar
,146
6%
July
9
21%
800
3%
6%
6'/2
r 6%
Smelting &
Armour
••3%
'
9 % May
4% 7 5%
..
..
.*
4% July
.
39%
100
■
Sep
Jan
Nov
13
Jan
2%
5
'27 % *
———--25
Corp common—
United
Lone
'
Amer Rad & Std
Amer
19
7% May
56 Va July
May
40 %c
Jan
22c
1,851
19 V8
12
19
>'
y—
Stocks—
Unlisted
18%
4%
/
Apr
6%
common—25
,
preferred—
S3
5% Mar
3
32
3c
:
—
44% July
Jan
July
:
—
.
31%
Jan
34%
18
Feb
May
•
"
12
454
8V2
5
6 Va
—
Dec
36c
Jan
30%
72
18% a 19%
8%
V?
May
43
7 Jan
144
.
1.80 May
70
•
a
r-
.
Gold Mining Co—-10
Biack Mammoth Cons Mng Co.—10c
-Cons Chollar G & S Mng Co
1
Juneau
Alaska
8 /8
al9%
19
Jan
744
common——*
20%
$1
preference common
——*
.24
4.4%
preferred
———————100
Philadelphia Electric Power 8% pfd—25
; f /y
Philco Corporation
———3 .'.\.273/4.'.
Reading Co common
50
—
1st preferred
50
2nd preferred ——————SO
Salt Dome Oil Corp
1
Scott Paper common
—_*
—
' 1
Sun..Oil.
:
*
58
Sep
70
Dec
23 V2
::
2
Inc—5
Union Oil of California—.———25
Universal Consolidated Oil Co.———10
Weber Showcase & Fix 1st pfd-—*
Yosemite Portland Cement pfd—
10
Corp.
———
Transcontinental & Western Air
Jan
53
---—-—1
50
Pennsylvania RR—
'
Transamenca
Jan
1%
53%
,
85V8 July
67 Ve
33%
52
8
27% July
10
10%
159
41
I '
Dec
Nov
6%
100
6%
6%
Sep
20%
Jan
3
,
64 ;
Oct
158 V?
Jan
275
81%
81%
High
16
/ 12Vs Feb
185
777
8
7%
ll1/?
230
6%
Philadelphia Electric Co
24% Mar
);<
vy
;,:
July
55
,
25%
39%
50
!
Pennroad Corp
Feb
Jan
87V2C
..
'.127% Jan
40%
National Power & Light————*
Jun
'
8
-
Motors
839
430
20%
24
' ..4.;
•
•
10
—•
May
40c
13%
7
19%
—*
—
July
11%
57% Mar.
•
—
Battery
Coal & Navigation
Jan
27c
.
common-
Lehigh
Jan
6%
'
—
——.0'
—
—
Low
10% July
U Jan
6%
7%
Storage
General
Mar
9
v
Electric
7% July
;Jan
.
25%
common—*
*
Works v t c
Wheel Co—
Jan
55% July
13
Corp———10
Locomotive
(EG) Manufacturing
44%
20
Range for Year 1943
IIV4 Mar
7
156% 156%
156%
20
100
& Tel—
American Tel
405 Va
1
■
—>
8
Jan V*
7% Jan
Jui,
475
16%
i 16
16%
American Stores
Oct
'•
-
Sep
Jan
Dec
40%
•
10%
48
Dec
'JJ yjI
High
Low
22 V?
-•3%
7%- 7%-4
40
„ —
a50% a51%
688
12% •?: 12'/a 12%
100
35 - ...35 :
39
— . •
465 465
588
General Metals Corp———-—2.50
—52% 52%
''-300
General Paint Corp common
—*
—
7% ,7%,
3,356
Gladding, McBean & Co——
*
10%
10% 11%
355
Goodyear Tire & Rubber Co—.—*
—
38'% 38% :
200
Holly Development Co—_
—-—1
—\
80
80
70
Hudson Motor Car Co——
*
—
a8% a8%
,,100
'
Hupp Motor Car Corp—-—--—-1
;>•_
1/2 1
moo
Lane-Wells Company
—---1
—
10
10
850
Lincoln Petroleum Co—
,-10c , 30c 4 30c 31c
380
Lockheed Aircraft Corp
———-1
—
;
16
16%
100
Los Angeles Investment Co———10
—
11% 11%
3,700
Mascot Oil Co
—1 ' —
67% 67%
2,650
Menasco Mfg Co.———"
1*15%
® A
2,000
Mt Diablo Oil, Mining & Dev CO——1
—
60
60
1,000
Nordon Corporation Ltd———-1
—
8c
8c
150
Occidental Petroleum Corp
1 .. —
• 29c
29c
727
Pacific Gas & Electric common
25
__
30% 30%
275
6% 1st preferred
;——
-25
35% -;' 35% 35%
105
5%
1st preferred l
—-—25
a29V?a29%
85
Pacific Lighting Corp common—
*
a42%
a42% a42%
100
Pacific Public Service 1st pfd———*
al9%
al8%al9%
160
Republic Petroleum Co common—
1
—
5% 5%
544
Richfield Oil Corp common
9%
914 9%
210
Ryan Aeronautical Co
1
—
3% 314
23
Security Co
——30
—
38
38
13
Shell Union Oil Corporation—15
__
a245/8 a24%
3,000
Sierra Trading Corporation—
25c
—
2c
2c j
190
Signal Oil & Gas Co "A"
*
41
41
740
Sinclair Oil Corporation
, 10%
10% 11
300
Solar Aircraft Co———————1
— •
3 • 3 •'•v
910
Sontag Chain Stores Co Ltd.—
—*
8%
8% 8%
1,656
Southern Calif Edison Co Ltd—
.25
„
... ,..23% 24%
200
Original preferred---——-—-^-—-25 .
43
43
831
6% preferred class B
25
31%
31% 32
811
5%% preferred C
-—-7—25
—
30
30/a
295
Southern Calif Gas Co 6% pfd >—25
—
34% 34% ■■ 2,160
boutnern Pacific Co——————
25 A
24 A 25 A
1,422
Standard Oil Co of California
—*
37%
37% 38%
290
Sunray Oil Corp
..———I
__
4al2% al3y8
5% 514
100
Taylor Milling Corp—:
■—*'
•y
746
8%
8%
35%
Shares
of Prices
Sale Price
STOCKS—
Aug
245
1,170
-2X*.2*•
Jun
for Week
Range
Sep
Jan
6%
552
.
Jan
8%
Sales
Week's
Friday
10% May
Jan
82
Jan
inclusive, compiled from official sales lists
V";:-V:/r v%■/'V Last."
Jun
53 V?
~:
;P. 6
Jan. 8 to Jan. 14 both
.
'24% May
140
7%
America
,—1 ■
', Douglas Aircraft Co Inc__—
*
Electrical Products Corp
—------4
Exeter Oil Co Ltd class A————1
Farmers & Merchants Nat'l Bank-.100
of
.7%
Dec
160
-
.
Creameries
Jun
23% Mar
Oct
Jan
2 V?
Philadelphia Stock Exchange
Jan
2.05
15
50
67/8
7
a36xh &30Vb
—
.
48%
82
175
370
170
;
15% July
Jan
Oct
1% July
.
> 'y.:,2
Jan
si
;•
;
Jan
75c
735
16%
a21 A a22 /a
W;/-a26% a26/a
,
46% 46%
15
;
Cq
Jan
Aug
Oct
5%
!
•1.35
358
16
16
Jan
Jan
Feb
920
V'.
4% May
50c
7
475
1
-
t
y
10c
;.
40
100
,
1-80 1.80
' I-30 *-3?
1.80
—
Coj——.—
Byron Jackson
1
—
}
Inc common-—*
Chica Oil Corp.—
Bolsa
4%
al2% al2%
35c 35c
Jan
3%
100
-
'V
1.80 Feb
800
2%
2%
4%-
—
Blue
High
Low
214
4%
50c
100
50
Willys-Overland Motors Inc—
—1
Woolworth Company (F W)
—10
Westinghouse Elec & Mfg
High
Low
High
7%
35%
25
50
gl2% al2%
—.
V': a43 % a43 %
a95% . a94%.a95%
5
Co
Western Union Telegraph
Range for Year 1943
Shares
Low
High
Low
Range for Year 1943
Shares
of Prices
Par
Warner Bros Pictures Inc——
for Week
of Prices
Pnr
•
Accessories Corp—
Petroleum Company
Vv":);-i■.
Sales
Range
Last
Sale Price
STOCKS—
Aircraft
Exchange
official sales lists
Angeles Stock
Los
Sales
for Week
Week's
Range
v.Friday
Last
Sale Price
-;vi".V:
,
STOCKS—
18
20
Mar
Mar
16 %
Aug
16 V?
Jun
40
Sep
10%
120
11%
Dec
Oct
Jun
17
' Dec
12
July
10% July
34
Oct
71
May.
95% July
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4247
CANADIAN
LISTED MARKETS
Hontreal Curb Market
Stock Exchange
Canadian
Funds
Canadian
_
Last
Low
Acme Glove
6% Vo
•
preferred
Ltd
Aluminum
Co
Can
Breweries
Asbestos
Bell
Feb
11
152
88
Dec
133
97%
98
110
99
Dec
103%
'
•
v'V
100
of Canada:
Co
15%
13%
.
:
15%
154%
23%
22
Dec
.;
British Columbia
Power ClaSs A—.
23
Building Products class Ax——
Gold
Preferred
Canada
Iron
class
Northern
Steamship
preferred
Canadian
Canadian
'
•'
.
Sep
Sep
Jan
8%
106%
Dec
7%
Canadian
Catelli
Apt
12
0%
1,280
7%
10%
11%
32%
35
5Vb
5%
9
1,262
V
Oct
July
'
38
Nov
Corp
Corp.
Consolidated
333
Cub
5
8%:
9 'A
1,476
25%
305
Jail
12
Dec
7%
24
27%
"B"
/ 130
17%
Jan
43
Dec /
25
50
25
Feb
33%
Apr
51/2
475
6V8
5%
—
10%
Cockshutt Plow
Fanny Farmer Candy Shops Inc..
Seagrams
—*
common.^
Dominion Bridge
Dominion
Coal
Dominion
*
Glass
preferred-
LtdU
„
25
.
-x—
—
'
27%
Dec
Fleet
Ford
Jan
13%
Fraser
NOV
13%
-
Jun
46
July
13
Dominion Tar & Chemical common—x9
13%
270
118
10
.
8 Va
8
9%
: i •' .9%
iv
8
.
'
>\
■
100
Dryden Paper
;
105.
*
71%
8
"
i_-,
8
'
.
7%'
Colliers
6
10
96
747
23%
Class
Electric class A_-
Foundation Co of
*
;
20
20
•V
Canada————,9
15%
15%
15%
Gatineau Power common————x9
9%
9%
9 Va
575
85
86
336
General
Steel
Wares
Preferred L_,
•
common—
•
Gurd
12%
—————100
f Goodyear Tire & Rubber 5% pfd—50
.
86
preferred—*-^100^;
V
(Charles)
common
\
Moore
Nov
7%
Zv
72
Jan
-
Jan
2,125
8
235
12%
;
94
94
Jan
55%
55%
10
51%
77/e
130
4%
Jan
'■'Dr.
6%
7
400
5
Jan
v:,..
Bridge
Mines——-——x——5
Hollinger Gold
;•
Smith
Howard
Paper
common
y.;
12
12%
;!
Preferred
Hudson
88
'.
—
—100
Bay
47/e
Sarnia
,
Grain
United
8.90
585
1.4 %
■•;•
25
Jan
90
zs
29%
107% 107 Va
5
30 V4
12
.
280
29%
98 %
Jan
27
Feb
Imperial
Oil Ltd
Imperial
Tobacco
Industrial Acceptance Corp
Preferred
Bronze
Nickel
of
Paper
preferred—;....100
international
Petroleum
International
r
Co
com..*
Ltd
523
22%
23
"v:;.-7
13%
98
30
/
76
••/
Copper
8
Cartier-Malartic
'/Jun/'
Woods common—j—
4".
13%
9
;
#
175
12%
14
210
9V2
Jan
OctJ
-
24
Massey-Harris
McColi-Frontenac
Oil
Mitchell
(J S)
t '■
Mitchell
(Robert)
i
Montreal
•«.
.*
x_x,
9%
1,670
5%
Jan
8
———————
20
6%
8 :'.xx:
Co——
8
-
■45
v-!
45
&4
;■
Jan
.
•■(
i
Murphy
Co
M i 'v-.
Breweries
Gold
34
"a——ir~25
'/>%■
Corp: new./;....*.*
Wire Weaving—4—_—i..*
Car
Noranda Mines
Ltd.,
:*'
16
49%
•
Pato
16
Ogilvie Flour Mills
Car
Ottawa L.
common—
Aircraft
H.
Preferred
&
My*
"
-
^
Price
of
Corp
Bros
5%
&
'v'V! MM*-
-
,
Canada—
Ltd
Co
12
100
3%c
3 %c
5,500
*
Ltd—--1
2 %C
Ltd——x
preferred
.,
20%
x-i.'
——
*
13 Va
-——100
preferred
Nov
Sullivan
10
July
i,.9% July
Nov
46
1.14
97
8,500
3%c
9c
1.26
Mines——;—1
1.73
Ltd
Cons
22
Home
Dec
1.38
Dec
7c
3.40
3.40
500
—I
1.00
1.02
1,200
82c
2%C
3c
5,200
2 VaC May
56c
57c
6,350
/ 38c
73c
73c
1,500
36c
68c
1
1
v.
Ltd————1
2,025
900
2.60
3.40
100
Sep
52
20
Nov
33%
Apr
20
11
Apr
12% July
J. 133
26
Jan
41
-
68%
120
36%
12 Va
Nov
30
://Y,
Nov
15
Sep
16
50
x'x 15
Feb
18
Jun
,49%
912
40
Jan
52
Last
Aug
x
Vi//V:/
Abitibl
Power
25
451
22
Oct
:•./■- &
50
4
Jan
6'% July
8
25
6%
Jan
8% May
25%
Feb
Acme
&
Oil
&
Co
3%
3,325
70c
Jan
29%
31%
5,492
5
Jan
7%C
7VaC
I,000
1.20
1.28
3,900
16c
17c
3,277
10
10 %
——
86
25
Apr
87
Apr
98
50
93
Feb
103
Aug
Aluminium
50
70
43%
Feb
53
Sep
Aluminum
.
87
"
19 %
V
7
100
20 Va
4.321
1
9
-*
Ajax Oil & Gas Co—
Aldermae
Copper
———
Algoma Steel Corp..
Ltd
Co.
Canada 5%
6
Jail
10% July
Anglo Canadian Oil
9%
Jan
94
94
190
62
Jan
13
13%
150
12
Nov
16
Jun
Feb
47c
Jan
84 VaC
Jun
Jan
7.10
11%
Jun
Bank of Nova Scotia
Apr
Bank of
32 va
Feb
47%
Dec
Bankfield
14
Oct
19%
Jun
Bank
69
100
Jan
76
Apr
Barkers'/Bread
11
11
88
9
Nov
10
Dec
Base
154
154
20
152
Apr
156
Feb
Bathurst Power & Paper
4
4%
230
Dec
6
Apr
Beattie
May
58
Jun
Beatty 'Bros class "A"—
9
Bell Telephone of Canada———1J00
Berens Ri ver Mines—x-x:.xw——.1
.■I—*
17%
50.
17%.
6%
—100
63
19
75
100
7 Ve
'■
2,240
65
150
19
57
3%
•47
17% Aug
2% Jan
21
Jan
19% Mar
134%
.^—100
152%
—100
—...
Scotia
240
-
100
■
8% July
63% July
134% 134%
Ririgood
Dec
129
Jan
144
Aug
Bob)o Mines Ltd
160
Mar
Bonetal
Biltmore
152%
155
147
"Jan
240
240
223
Jan
135%
254% May
137
132
Jan
150
Aug
Ribbon
fnntnotps
s«e
page
247.
Gold
Bralorne
58c
3,000
20c
Feb
68c
July
15 VaC
18c
23,800
12c
Dec
33c
July
46c
50c
21,400
5V4C
45,875
3.25
3.35
6,380
13 %c
16c
9,600
240
60c
Oct
May
5VaC
Sep
14c
Sep
2%c
Jan
1.35
Jan
234 Va'
3.50 Sep
19 %c July
8%c Jan
4c
19VaC Nov
May
15c
14,290
156
27
150
Aug
237%.
29
227
Jan
234
235
57
230
Dec
161
Jun
259
Mar
255
Oct
3
Nov
'
2%
100
10%C 10%C
6,500
2%
85
Mar
8 Vac
17 Vac July
15
July
15
2
43 %c
36c
44c
126,320
10c
Jan
1
1.93
1.76
1.97
49,207
70c
Apr
23 %
22
23 %
130
15
Feb
24
Oct
154% 155%
•396
140%
Jan
160
Sep
70c
Jun
10 %c
154%
13%
95c
500
44c
71,958
9Vac
Jan
8%
135
6%
Jan
Sep
1.10
Sep
63e
9 %
Aug
-
Dec
10
10O
4%
Feb
8%
85
29%
Jan
43 Ve
Dec
10c
9,900
8c
Jan
12c
Mar
24c
II,705
9V2c
Jan
24c
Oct
2,205
22 %c
22 Vac
9
12
11%
& Pwr eom..9
23
23
24
21%
21%
22%
Oil————
Jun
1.87
44%
Mines—.—..—.—— 1
Brazilian Traction Light
49 %c
.43%
9c
»i
*:•
10
43%
9%C
Ltd.
909
39c
95c
1
—.—— ——
15%"
8%
43C
9
*
50
.—
American
Julv
3c
.
240
14c
Oct
;-l
common.—;
Mines,
3.00
35c
2,650
9c 10%c
•
class A——9
Radium
Preferred
428
Apr
Oct
Kirkland Gold.—:———1
Hats ———x._—x—xx9
19
<
<fe
-9
——9
Gold .Mines Ltd
Jan
British
Por
commpn——
Mining—
13
Blue
100
—
Metals
Bean Exploration
50
——*
66%
•'
Montreal
.—100
69
Banks—
Nova
^..———100
Toronto.^
2,724
155
14 % c
1
100
Mines.
Consolidated
Montreal—;
of
'
'
Commerce
Mines
Bagamac
62c
6.50
4%c
47c
—
60c
58c
16c
72
18% July
r:
.
6.40
9
9
.1
Dec
common.
July
Dec
133 % Mar
Jan
Feb
Ve
1027/a
9%
Gold
8
245
Dec
59%
96%
..
Dec
89
Ltd
11
Feb
89
64
Zellers
Aug
99
64
4
21c
195
1
common.
July
Jan
9c
150
GOc
:—-v
Ltd
———
Aquarius Porcupine Gold Mines
Arjon Gold Mines—
„
95
165
Winnipeg Electric
Preferred
14c
1.60
98
375
Wilsils Ltd .—.——2.
Julv
Jan
Jan
13%c
97
1,150
i.
33
91 Va
15%
Cotton
6c
High
4% July
'
95
10 %
Wabasso
LOW
97
pfd..100
Anglo-Huronian
19% July
93% Dec
10% '
'4
9
common
of
16c
49 %
.100
Range for Year 1943
/
High
2%
31
preferred ——————100
Gas
Sales
Shares
Low
10
preferred.——
4.00 July
for Week
Range
of Prices
3
Par
9
Paper common
15%
Corp—
Apr
Exchange
Week's
Friday
Sale Price
47%
Tobacco
Nov
4.00
inclusive, compiled from official sales lists
Paper preferred—
Steel
1.80
Jan
Funds
Canadian
Jan. 8 to Jan. 14 both
Sep
41%
Jan
8,635
Toronto Stock
Shawinigan Water & Power.——.
United
Dec
Jun
Jun
18
17
14 %C
Tuckett
68c
2.66 Jan
Feb
Nov
July
11%
common
Nov
65c
Jan
1.70
Dec
4c
Jan
3.30
1,317
new
1.09
Jan
1.68
15%
—
3.50
July
3.10
14%
Brothers
6%c Nov
2.15 Mar
3.40
Ltd
3.30
Preferred
Jan
Sep
■
July
Tooke
500
'/:?
1
Mines
4
common—
7c
*
:9
Ltd
Mines
Hargieaves
; :
1.75 Jan
Canada
3c
Mines Ltd.—1
Ltd——
1.275
of
Jan
Dredging Ltd.----—1
Mines
Dec
;60c
3%
Co.
1.61
1,500
3%
Steel
Jan
75c
1.45
9 %c
Power.——_x.
1.07 Aug
3.60 July
1.30
Ashley Gold Mining Corp..—1
Astoria Quebec Mines
1
Aunor Gold Mines Ltd
1
Canada
Jan
79c
1,000
Apr
2.26
1.16
Armistice
Lawrence
Aug
•
84c
1.45
Sep
Southern
6c
2%c Feb
Dec
Jan
St.
Sep
63 %c May
108
——.
Nov
3c
500
Dec
preferred
Nov
1.15
Mar
4,500
Feb
A
39c
Nov
lc
80c
92
Class
Jan
1.15
1.55
100
„
Aug
80c
10
Corp common.
Jan
July
1.42
Oil- Co.- Ltd.—
■
6c
8c
29%
•
Dec
9
Ltd—
Mines
1.73
Aug
Feb
21c
"
Aug
1 / :
—
200
Lawrence
Dec
9.30 May
4c
Jun
Apr
4c
19%
900
97
St
Apr
4c
Feb
2c
-
1,000
3.65
ICO
100
Mar
21c
Feb
lc
92,400
•1.26
97
preferred—.—
Power
2%
8,85 Mar
100
2%C
Oils—
Feb
Jan
2c
6,200
1.14
100
Paper
Saguenay
25
?
10c Jun
500
Ltd.—x——1
Mines
Aug
45
*
l%c
—
50
'
6%
common
Quebec Power
Roiland
12
Gold Mining Co Ltd——
Gold
Mines Ltd—
97
'
Power
1,200
3.55
Gold
Gold
14
72
•
86
•'
'
97
—
common.—_—...
Feb
Feb
2,500
4c
'■
...1
Sladen-Malartic
27%
8 '.X>:
——•
Tubes
Ltd
Penmans
Jan
7%
■
XXVV;5
Power common-
—
Page-Hersey
May
Ve July
97
July
55
60
2c
Ltd.
Mines
16
Feb
15 V2 V.
25
25
<Y
:
—•
Oct
7
Mar
369
N
1
Cadihic Gold
Cons
6%
Ottawa
.5 Va
5%
Mining Corp Ltd—.———9
Siscoe
Feb
34
49%
49%
Dec
87
210
5%
Sep
July
July
'
•-
.9
Red Lake Gold
Dec
Oct
34
14%
3
46
.
19%
17
45 % Mar
435
91%
91%
,
"
65
:
123
Ltd—__x——————-1
130V4
13
41
*]a
•• v
15%
4%
123
17c
Shawkey
13
13
-
47%
V/V. 4/
..
Ltd————1
Mines
Mines
Mines
Jun
V18
18
24
*
22
4'C
Ltd..—
Mines
Gold
26'/a
16%
/
20
Jan
2c
Ltd——:
Mines
Gold
Consol
Joliet-Quebec Mines
Dec
;1.2,490
■'>•/. 98
20 Ve
18
common-
——
Steel
Niagara
Gold
Rock
Hard
July
24
19%
common..
Preferred
National
s?V/.'463'/'.
126 % 126 V4
& Mortgage -—«xx25
Tramways
Paint
17 Va
•'*•17
-
*:;.19% '
Mont Light Heat St Power .Cons—
tj national
■
100
common
Montreal Loan
Montreal
-
17
xx—xx...—
.
Cottons
Jan
14 V2
38c
Francoeur
Oct
Perron
'•'•
,
15%
645
40c
Wright
c
600
360
Dec
!«
19
7%
8,000
21%
Dec
19
7%
18,500
Pandora
14
V:/
18%
8c
75'A
14
V*"'
75c
Jan
2%c
17 V Jan
9
4 Lang & Sons Ltd (John A)
9
Laura Secord Candy——....——•—__3
"
Jan
29%
63%
Mai-
Dec
Jun
15c
7c
805
vr.
Jun
Jun
22%
,
10
29%
200
124
—100
'!'
Jun
3Va
150
,
Oct
5%
500
18
9
Porcupine
12
23%;
Jan
30c
47%
-J#
91%
3%
17%
'•
■ylif-ri'yf-
'i:y
.110
11;
Jun
July
1
Jan
24
;.•.:
Apr
1.50 Jan
2%
30c
19
35c
.
75
150
24
x
45
4
2%
Ltd————1
Pamour
13%
•
50c
37/a :ixx
2%
Mines
39% Mar
135
20% July
Gold
28
135
Jan
Corp
Gold
Jan
12%
-50c
y';..
9
Ltd
O'Brien
19
3,055
Mining
Normetal
270
21
,
Cadillac
Mines
Madsen
23%
20
Central
■' Dome
Feb
23
Jan
Century
May
Jun
: /
12%
17 c
Mines
Gold
23
Feb
315
...._.l
Ltd————.—9
13
Jan
20 Va
Ltd———1
Mines
Feb
6
247/«
19%
M''''••
—9
Ltd..—.
Corp
Gold
Mines
Jan
1,100
x
.
6%
Jan
30c
common.—..9
Mines—--—-—
Gold
950
76
Dec
Nov
65
20% Mar
23 V4
29
2Va
19 Va
:
21% Aug
Leitch
22%
May
21 Ve Mar
25
Jan
Macassa
21
'
w
35
Jan
7% May
22 % Oct
22%
—
23 %
Dec
Jan
19 %
Bouscadillac
17% July
Jan
Nov
14"
Dec
47%
12%
10
175
22%
29%
•
V
Jan
13
100
13
Vr:
30
•
Jan
7
795
Jun
7%
13
■
55
Aldermae
32%
10'/4 Mar
705
22
common.———*
Power
Preferred
:■
Canada
.
7Vs.x
14
.Feb
/
500
Amm
107
'
;,'T2
205
•
the
Lake of
:'r,'$
*13%
12
1,958
10% /
7Ve
_»
com.
common——.*
International
i
10%
—-—25
—
International
j
14%
10%
5
common
.———£1
International
■
14%
_•
—
Can
of
Preferred
Jan
^*/3%Mar
'
65
1.15
J-M
.
9%
■
7% July
.200
Oct
16% July
-
80
Jan
460
24
100
9
Ltd.
3
3%
•
new.———9
Canada
Jun
_.9
Jun
93
Jan
of
Aug
24 Va Jan
24'/a
4
1st pfd.100
cum
Ltd
Ltd
Apr
30
; .•
28%
'if
pfd—100
cum
36 'A
•
—9
Ltd.——:
Aug
2%
'*;7;22% Mar
3%
.
23
——9
pfd
1.30 July
16
Mines—
12y2 Aug'*
Oct
Paper
Apr
May
6% July
;
4,045
37
Jun
Feb
50
.i'-
3V»
6%
45c
24%
9
A
1.25
.
310
8
14
»•
"
12
.
28%
'
3%'
,.9
Ltd...
Co
Distillers
Aug
'
338
100
/"
July
Walker-Gooderham & Worts common.9
$1 cum preferred—.——.
9
7% Jun
'
Feb
2'A May
40,452
35%
A..—.9
Paper Co.w
Co
Bridge
8
Jan
''
107%
—v
Mining/.———
325
/
88
14
.;■!
14
P
6
Renfrew, preferred—————100
Holt,
;
5%
9
&
Aviation
Bralorne
Hamilton
&
Manufacturing 7%
55%
,
Nov
11
'12
Sep
110
Jan
7%
.
60c
7%
36
10/
Ltd
Corp
Power Corp of Can 6%
Sep
14'A
.
Power
Corporation
Paton
16% Juiy
11% July
Jan
.■...
Mar
Utilities
Power
Noorduyn
Mar
28
iZ Nov
7%
y
Lnne & Aiabastme—i.x—_—„•
uypsum,
14
90
.
109 .110
•
9
:
12%
x
Jan
20 %
Corp.—
(Can)
Massey-Harris Co Ltd 5%
8% July'
Jun
3
6%
14
1
MacLaren
9% Juiy
81
Paints
John
Reliance
English
Feb
Feb
.*■'
B
L«ke St
July
105%
Feb
110
.00
5%
Jun
Aug
11
Nov
6
15c
■
—
Securities
International
10%. Jun
Mar
x
/.International
126
/. Apr
72
Oct
16%
*•
.
Nov
225
,
:.85.
73
CO
Jan
Dec
50
36
12
-
Hillcrest
31% July
•
.5%. Jan
.150/-,
V
105
71%
11%
118
1,988
::
8 Ve
.
Preferred
Dominion Textile common...—....
/
*
10
v
41%
Jan
650
6%
5%
9
Companies, ltd——w—
Voting .trust
July
29
Nov
22
425
8%
< ■:
-iuW 9
—
24 Va
24
'■
2%
6%
;x 7%
9
12% May
26
370
xx;
318
.
...100
& Coal B—
Stores
36 Va
35
24%
———25
common....
Steel
Dominion
Dominion
35
2%
MM
1
Jan
1/
Apr
Jan
75
A—'
Apr
8%
26
Ltd
Jun
7%
87
25
—
Juu
11%
26
Canada
.
10%
10%
3% 'Jan
40
Ltd
,
Sep
3% May
.,/•.
Jan
••Ay 2
115
of
Jan
11%
70c
Motor
2
■
Mar
Nov
1.50
Aircraft
65
Jan
48
16%
Hydro-Electric
Distillers
2%
:-v
Pappr Co Ltd—
*
East Kootenay Power 7% cum pfd—100
Eastern Dairies Ltd 7% cum pfd—100
Nov
169
Jan
85C
Jan
——9
Feb
27 % Mar
*170
—
6
Jan
30
■
39 Va
"A"——
37'/a
,1"
140 :
'vV^:215./
Mining & Smelting..
Glass
Jan
148
65
6%
9'/a
6,148
Aug
10c '/• 10c
7%
12
200
28
10%
3%
so
5'A
27"
—
10 %
48
—
Nov
Apr
Oct
77
70c
&
Jun
44
Jan
Donnacona
38%
10%
11%
T
25%
1.50
Oilcloth
19
8%
125
'■,*
4%
5-5%
——jx——
47%
»
;
Sep
Dec
470
4%
25
Pacific Railway—
52
16 %
Limitee
101
15
496 / V
,7
Dominion Woollens common.———9
Preferred
20
Sep
150
36%
.x—
Locomotive
Canadian
6%
■
50
Sep
39 Va
Jan
•
52
.
Jan
Jun
.
930
29
Feb
Jan
6
6
c%
/
Jan
91
375
65c
Oct
11% July
87 Va Aug
22% July
22% Aug
;:•
36%
53
2 Ve
Jan
Jan
17%
;
23%
•••:, 17% Mar
62
59
2
60c
—9
Ltd
154
59 1
28%
27
3%
152
x..:
Linoleum.—.—.9
133
—
160
1.50
Dominion
30
.
10%
*
Frere
Dominion
590
38
/
"A"
Sec
B '
Oct
147
37'/4
11.5
Engineering Works Ltd——9
&
Class
July
147
common
Aircraft
David
Jun
108
Jan
106
15%
152
5
Ltd..
Oct
Nov
85
*
common.—.9
Paper
6'/a
•
46
10%
■
9
;
42%
106
Ltd
Div
Jan
34%
251/a
Alcohols
Jan
41 'A
••wU
common..*9
Preferred
Consolidated
1.45
41
Ltd
May
27%
106
90
9
Products
3,820
34%
....
x—■—
367
210
90
9%
80
475
44
15
9
Westinghouse Co Ltd...
Food
July
20
i- •'
—'—100
:
4
Dec
22%
,
44
1
common
preferred
Commercial
14 'A May
Jan
30%
1,693
20
"B"—9
preferred
Vickers Ltd
cum
90
9
Canadian
cum.
Canadian
Nov
22
:
30
21 %
Power & Paper Inv Ltd pfd.9
26% July
Canadain Foreign Investment com
Canadian Ind Alcohol common-
Consoliaateo
5%
Sep
Jan
Canadian
Feb
common
Canadian Converters
Consumers
Feb
Ltd
Company
Sep,
78
55
:j;
177
22
Industries
Marconi
62
10
19%
*
Internat'l Inv. Trust Ltd...9
Canadian
32% July
Feb
92
*
Canadian
.'
Mar
preferred
Class
17
18%
Mar
P2
:
Jun
20
—
Celanese
9
Jan
12%
2%
10
•
Canadian
5% May
Jan
.
July
85
*
Preferred
29
52
Car & Foundry common.
Canadian
Dec
Ltd—;
4Ve July
5'A
P'l' ' 80
92
Northern Power 1% pfd—100
Canadian Dredge & Dock Co Ltd.—9
Canadian General Investments Ltd—9
50
•
—
Sep
Co
'
3
-iM-'"
Canada
90
50
——
28'A
*
21
—
Preferred
132
Sep
Jan
4%
564
•*.y-
158%
13
2,012
108
Bronze common—-—.
Canadian
New
7 !/e
Jan
11%
Feb
9
;
preferred—
common
Breweries
Preferred
v"
15%
6%
106%
15%
Power———9
Canada
5%
15%
107 %
15%
5% Jan
380
>V
& Dominion Sugar Co
Malting Co Ltd.—.
Nov
2
5..:-
15%
15%
American
Canada
Canada
100
"A"_x—xx_
Foundries
:
-m
100
—'x——
Forgings
Canada
Canada
283
8
6%
v
common,....—;.
——
/f.15%//
—5
Dredging_x—i_—_
Cement
Canada
30
3 %
8
MiUs"~Z——2CZZ/i—
Silk
Bulolo
23
3%
#,R"
Place
Brack
British
Jan
:.\'.2,606
■
22
v
100'.'
Dec
225/a
•
Oil
*.«,..
3
22
•
—*
Ltd
60
•
31
60
65c
8,135
:
'
Ltd——*
Corp
Belding-Corticelli
July
,14%
.'■AV 2,021
A—„—
Power
25% July
22%
•'
Range far Year 1943
Low
High
\
'
3%
29
'■■■'
■
Paper Co Ltd "B"."
Shares
High
'
2Ve
31
——100
Beauharnois
Feb
Low
3 VB
100
Pfd
Power &
Beatty Bros. Ltd.
141
189
v
Cum.
July
12
8,985
24
V-
•
for Week
of Prices
Par
preferred
7%
Bathurst
May
>
*11
Oct
,Jan
21
1,086 v
155
154
23%
8
5,:> a'. 15
50
'.ti\
22 Va
21%
81/2
485
9
9
22%
—9
A—
10%-:
/
common
& Paper
6 %
Jun
Nov
70
94
common——9
Brazilian Traction Lt & Pwr_-——
:
7%
Feb
Nov
9%
21%
Telephone
3
70
92%
■:
Corp
Bathurst Power & Paper class
;
/•.
10
94
pfd—->___ill00
Amalgamated /Electric1 Corp--'4ui«-r2-_i*
..Associated
80
10%
common-————9
of
6
75
Abitibl Power
.
com--—.iZji——-
Algoma Steel
Aluminium
High.
6
•
common—
Sale Price
■■
Range for Year 1943
Low
High
Shares
75
Works Ltd
'
STOCKS—
Sales
Range
Last
•
for Week
Range,
of Prices
Sale Price
STOCKS-
Sales
Week's
Week's
Friday
Jan, 8 to Jan. 14 both inclusive, compiled from official sales lists
Friday
Funds
Jan. 8 to Jan. 14 both inclusive, compiled from official sales lists
12
7.40
Jan
11%
Aug
Sep
2,045
1,110
14%
Jan
28%
Jun
17%
Jgn
22%
Jun
COMMERCIAL & FINANCIAL CHRONICLE
THE
.
LISTED MARKETS
CANADIAN
Week's
STOCKS—
'
Last,:
„
*
1
Low
Packers.,
*
British Columbia Power class A———
British Dominion OIL—-—-—
v
'ic
Broulan Porcupine Mines. Ltd.——JUC
24 Vi
British Columbia
Oil Corp
Biutalo Ankerite
Brown
Products Ltd,—
Bunker Hill Extension Mines——
Burlington Steel Co
Caigary <fc Edmonton Corp Ltd
B
Class
21,800
93c
80,100
6%c
7c
5,500
474c Jan
3.80
4.15
5,250
x.od
8c
9%c
37,500
3%c
1574
16
3c
3c
I,000
IVic
Jan
9V2
9Vi
80
9%
Dec
2.02
2.15
,y.
—
.
9ni
Canada
Canada
Canada
—~
Canadian Bakeries common
Preferred ———
Bank of
Canadian
Canadian Breweries
Preferred
870
21c
Feb
5c
6
6»4
100
3
_j,
--
147
11,2
/,
514
.
12%
10%
Jan
9%
595
7%
Dec
26
24 %
Dec
2774
,
205
7
5%
320
27
27%
105
80c
13,900
70c
1.90
600
95c
E4c
Jan
1,600
Ay
28,425
12
215
38,526
■
5
5%
1.60
1
585
37
Nov
46
% July
130
133
123
Jan
136
Oct
22
255
& 20
Dec
25
Oct
4,700
200
2574
Jan
250
99 74
Mar
1,730
183/4
Jan
75
142%
Jun
167
July
Pacalta Oils
Jan
30
July
; 22
Mines Ltd
Mining
Tire & Rubber Co
__• r—
10
Jan
.*104
274
Jan
8
12%
500
874
Jan
Feb
14% July
4%c Jan
21 %c July
10'c
14c
6,800
.
Preferred
*
Saddlery preferred—50'
Grull Wihksne Gold Mines———1
Gunnar Gold Mines Ltd
—1
Gypsum Lime & Alabastine
—•
Halcrow Swayze Mines—
1
,
Hallnor Mines
6
6
3.85
5%
80
84
5c
Highwood-Scarcee
9%
86
95
12%
6c
4c
10c
23c
23c
500
12c
4c
6,000
2c
3c
lc
Feb
1 ViC
88
56
56 %
2,100
6%
806
21%
2174
Class
A
\
195
7
16% May
23
July
20
26Vi
Jan
35
t
For
-36
3%c
9,000
2 %c Jan
19c
Hz 9,150
1174c Jan
■
26,000
3.70
3.75
535
.574
5%
15%
16
,
2%
474
1.17
28,240,
2,500
15
Jan
24c
24c
:
:
Siscoe
Jun
Sladen
4.00
Jan
8
17
Nov
40c
Mar
1.15
Nov
2c
Apr
6c Aug
5c
5 Vic
45c
4,894
17c
Jun
44c
Dec
38c
42c
1,500
30c
Nov
47c
Mar
17c
Sep
'
12c
1,000
12c
1574
/
■
2,512
12%
3.25
3 Vic
28c
33c
29
30%
1,720
3.45
3%c
72
162
72
164
130
/
8.50
2.65
Jan
Mar
Jan
Jan
Sullivan
34
10%
10%
500
7%
77s
774
25
6%
Jun
10
10
35
8
Apr
29
28 34
29
50
7%
7%
115
58c
60c
1674
.100
12%
7%
10
Feb
Apr
Nov
""674
26c
Dec
Mar
874
66c
Nov
Oct
10,600
17
840
10%
Jan
17
July
50
90
Jan
100
July
90
Jan
100
July
Dec
109%
99 Vi
10
110
130
9.25
98c
245,767
25c
11%C
26c
836,336
30
30
6
1.500
;
23
4%c.
3%
109%
Dec
United
Class
United
Class
United
5.75
423
9%
Sep
874
8%
280
8
Mar
28
28
50
10
Feb
13
13 Va
84
3V2
Jan
110
70
86%
Jan
55 %C 57 %C
15,975
39c
33,000
29c
105%
57c
1,4
74c
14,100
6
620
25
55
31,040
2.20
3 Va
19c
...
25
500
19c
1.73
83 Va
•:■
4 Vac
2,000
,
21,050
5
3.35
3.50
8%
"8%
98c
92 c
■:•
••
;
94c
85
v:, 85
Vb c
65c
"65
10 v
2,900
:;:r,
1
76
-6,000
8874
10
1
•
12%
50c
'•
•:'•
14
1.85
25
:
0
Sep
:: Oct
Jan
2.25 Aug
15%
;1
3.45
-
"
Dec
Sep
'
6
Mar
9
Oct
61c
Jan
95c
Dec
68
Jan
85
Dec
68
90
Jan
10c.
Jun
66%
Apt-
8%
f
Sep
18c.Feb
92'A
Nov
9% July
Apr
6,000-
35c
Apr
74c
Jun
Jan
9
Aug
26
July
July
Jan
10
July
Dec
37
674
6%.
840
6
,27
.
Sep
1.80 Nov
85
Feb
Jan
82
12'/a
V;-''
Jan
Oct
July
5c
Jan
Jan
16c
48 Vac
2.65
5
21c
Jan
1.38
.80
88%
•
.*
Apr
10 ''4
16c
:
;
.1
—50
76'A
160
6,911
87/a
3.45.
100
—
Dec
Jan
!
;„Aug
10c
2
Dec
Apr
Jan
5,415
M
1574
5%
22%
73
Jan
•
1.51 Jan
3
Dec
July
3
Jan
.
2.22
15%
"A'%___..
Jun
19'A Aug
4% Mar
17
69 Va
1.65
6%
8c
77c
66
4 VaC
48 %c
Jan
59%
83%
•
Dec
1.10
105
19c
—
69c
Jan
200.
1.69
100
Nov
..Nov
70
4%c;
0
^^1
Dec
64c
10
64
2.10
Dec
106%
3'Ac
54c
24
-3%
>
45 :•
Dec
25
13%
:
Jan
63%
.470
.1
■
Jun
9
; v;
Nov
Nov;!
10%
Mar
23%.
2.10
-
:
v:.4 3,
''V'6; •
27/B
J
pfd
6,500
•
'
1,
preferred———.—100
_4_.4._—
9.75
Jan
-
^i.
^
—
Jan
67c
610
class A——
B
1.05 Mar
1.04 July
II,617
100
—__Ll
'
r
Sep
10
,_____4
class
85c
76c
,
Feb
May
9.50
•
.•
Sep
4c
2c
10
common..—.
B
Oils
2,700
65
:
Co
Fuel
1.00
•_*
rights.—...
Corp
1.00
.
'
73 c
Mortgage Co„___50
Gas
1,500
Sep
:19 V* JiM
Nov
9.50
General Trusts Corp.—
Union
2 %C
,
Toronto
A
15%
4.00
62'Ac
Mar
13
Feb
6c
3% July
18% July
Mar
1.86 Jan
30
2 V2c
Jan
18c
23,700
15%
26% July
Jan
!
10,i30
3.70;
150'A Aug
Nov
12
Dec
10c
Juft
1%
Apr
July
25
Jan
2c
135
44c 47V4c
23%
Towagmac Exploration:
Traders Finance class A
Class
15
3.50
■
May ,,.: :•:% 9 'Ac
19 %
50 i
3%
1474
Mar
35c
132% May
110
May
30
Jan
2c
20,500
4V2C
3%c
.
Sep:
12C
Dec
July
22
21
21
21
Sep
Dec
Dec
3%c
135 4 138 4 ::;:-r-35/
•.■
July
9
9.50
25c
41,600
Sep
1.15
2.50
78c
3c
28
4,500
.
lie
Nov
July
Dec
31c
24
8%c
1.50
Jan
8.25
260
82c
—
—
Transcontinental Resources
99
99 %
247.
Mar
17% July
61c
108 Vi
page
10
Jan
99
100
;
1174
16%
preferred..100
preferred.
9.25
Toronto
lot'a
A
2.59
19
Tip Top Tailors common—
Toburn Gold Mines—
Sep
Jan
?
31,465
19
73%
185
Jan
230
-
.*
*
Teck-Hughes Gold Mines -a—.
Dec
Jan
4
1.72
10,100
7
2.60
4c
32% Mar
155
58c
6 3/4
2.47
7-
?.
1.05
1.00
1.05
,
85
70c
Jan
Dec
11
67c
26%
Jan
1.45 Nov
Jan
3 Va c
945
55
Apr
-.70c
Sep
30
Dec
106
Jan
4c
July
.
Apr
6
72c
6c
:
Sep
100 V*
50c
68C
31c
Ltd
2.85
^1
Mines.;Ltd—.:
Rvivnniie Gold
Sep
Jan
52c
*
Jan
Taniblyn
2.10
1.25
7,700
Mines.—;__i!—v-4-:
Hosiery
Supersilk
Jun
1.28 May
8,725
SWA
6%
98c
...
Nov
3c
13%
110
■
Mines
Mar
1.33
42:.__4._i_25 v
Cons
.
1.40
1
Iron Mines
Contact
Sud
Aug
Nov
1.25
Co—t———_•
Sturgeon River Gold Mining
12%
5%
1,10
V.
1.32
10c
Mines
Co
Aug
39c
Jun
4% Aug
74c
12
Dec
4%c Aug
25
of Canada common
Coal
•t
17 Vac May
J,405
—1
:
Preferred'
16% July
Sep
4.10 July
2.06 t
2.40
35c
-.
17Vic
5
•
-
1.41
6 Vac Nov
May
110
Radio
Steep Rock
Jun
2c
.11,480
1.95
2.30
474 c
Paving comrfion..;
Sterling
3c
1.33
Stedman Bros .4—
Steel Co
;
Jan
57c
10
1.99
.*
*
59,900
2,000
-
10c
14
.
"
2.40
30c
..4"
Standard
Nov
2%
Aug
93,515
1.10
4%c
„_i
Petroleum
NOV
103
100
1374
35c
common..—
Standard
Jun
Dec
1.00
1374
1.05;
474 c
;
'
Malartic
{;%■ 1.25
Jan
,
3T.400
474
Feb
«9c
Dec
Dec
'
i_100'
End
NOV
2%c
134,288
34c
32c
Sep
7
88Va
1,108
8c
7%c '
64c
:
Apr
68c.
100
23,300
1.45
1.33
7%C
3 VaC
1
——*
Springer Sturgeon
—
Standard Chemical'..:
Nov
43 %c
1.:,
South
Nov
7Vic Jun
Mar
1.20
5,800
98
2%
Oct
78c
8V2C Jan
34,500
72c
97
Ltd—i
Gold/ Mines
1.000
16,960
*
Preferred
Aug
68c
48c
774
common^——4—__*
__._50
:
Jan
1
——
;
—
38c
3%c
:—*
—
■
oct
Dec
444474:
—..100
1
Mills..!
"A".
Class B
,
7 Vic Mar
7%
Jan
2.50
.
-
May
40
Dredge.—..._1
75
400
/
Apr
2 Vic Nov
225
4ft
2%
1.08
33,800
7,445
common
see
5
3c
639
-
274
....
footnotes
■
36
Simpson's
1.10
1.45
'
•:
Dairies
Apr
Mar
1.30
—.—:
Preferred
Oct
85
July
Mines
20c
ole
3c
32c
Sep
600
70c
4.47c'
1.16
'
135,959
'
Ltd————1
Feb.
4%c Aug "
May
60c
674
—————
Silverwoods
8'Ac
290
1,41
Sep
52% Aug
1.50
.
97
_•
1.95
Apr
Jan
74c
44c
7% '
Oct
Jan
2%c Jan
65c
i
Dec
10
3 %c
72c
*
———
,*
—-1
America—_—_._il
Dome Mines—.
1
Silk
July
23
Feb
Oct
Dec
1.75
>
40
3%c
4
—*
Gold Mines
Sigma
5%
3
46 %
Estate Loan
July
2134
3%c
6
Milling 4%
1474
:
6 Vi
May
14%
Inglis
International
3 Vic Nov
3
5%
2%c
.1
&
Jun
2c
■
Ltd———„1
1
Shawinigan Water & Power
—*
Shawkey Gold Mining—
—1
Sheep Creek Gold Mines
—50c
Sherritt-Gordon Gold; Mines——
1
July
274
"
500
60c
Mining Co—.
Class "A"
July
14%
j;
Metals
95
58
20%
3c
Imperial Varnish & Color common.—_*
Preferred
229
V
Jan
1414
Preferred
I,266
.1
Gold
Senator Rouyn,
3 Vic Aug
Jan
—_—.100
*
Preferred
2,865
50
4V4c
San Antonio Gold Mines
Aug
62
160
37ic
29'4
Imperial Tobacco ordinary
2.10
4%c
1.42
St Lawrence Corp
Aug
15c
1.05
1.99
49%
'
Royal Bank of Canada_4._^—_.__w4100
Royalite Oil Co———J—.
—'_.—*
i St Anthony Gold Mines—
Oct
4 Vic
49%
Jan
890
2 10
———.'—*;.
preferred-—...
East
Mar
6
1.50
Roch? Long Lac
Sep
51%
80
90
5%
—
International
2c
3%c
Smelting
Huron & Erie Mtge—
—1—100
Imperial Bank of Canada—1
—100
(John)
inspiration Mining
21c
Jan
5,000
19c
July
39,000
7c
33c
29 %c Mar
Jan
374c
11 %c 12 Vic
July
Apr
Jun
27
Jan
25c
:4974V':
.
Gold Mines—....—_1
Malartic Gold Mines———1
Riverside
Sep
Pc
5Vic Nov
Apr
7%
42c
14 %
May
6c
2%
1.16
5'/2c
45c
Sep
Jan
1c
Reno
Aug
Feb
3c
500
674
Bay Mining &
Assurance
8
4,400
-
11V4 July
100
May
12,700
3.25
3 Vic
Life
Oil
59V4C
Co.————100
Reeves-Macdonald Mines..————1
Real
44 Va
1,359
:
1,345
Proprietary Mines—_—!
Queenston Gold Mines
Quemont Mining Co...
Oct
417
*
36,342
trust :
Corporation
Preston
Dec
Oct
10c
—
Premier Gold
•101
Jan
17c 17Vic
*
1
1
Imperial
170
Vi
Jan
1174
Imperial
25
85
12%c
12 Vb
Gold Mines
1.90
9 7/s
Pressed Metals of
24%
Nov
77
14,103
5
Hudson
7
50
,
20c
Gold Mines
Howey
48
1.75
18
83c
preferred
Sep
39 %c Sep
May
25
4c
7
8
Homestead Oil & Gas_.
47 Vi
670
46'Ac Nov
Jan
5C
Mines
Rouyn
Power
7Vic Aug
Jan
18c
-
1274
5 Vic
15 Vi
Hollinger Consolidated
Home Oil-
48
28c
82c
Voting
77 V4. Dec
Jan
19%
660
42,000
95
53i
Oils
20 Va
Oct
2 29
80
.
Corp Ltd—.—"
Jun
47's
Dec
2 Va C
33,800
6V2C
—
Paper Co—,—
•m. 19
Nov
24c
Jan
Mar
65
50
9% July
Dec
1.22
12,125
65c
Rico
Powell
Jan
6
4.80
30
Dec
74
305
9%
85
-3 %
3,946
.//•
3-'-:
Jan
Mar
21
1,740
41c
15*4
& Dauch
44c
1.75
Gold
Porto
Jan
3
Jan
3.10
2,352
24%
35c
—*
Hinde
■
/
6c
24
■
Sep
1.64 Aug
6
12
29
Nov
1.82
Jan
18c
*
Hamilton Theatres common—
1
Hard Rock Gold Mines
-1
Harker Gold Mines-—-———
—1
Hasaga Mines
—,--1
Hedley Mascot Gold Mines—„—1
Cotton—
40c
19
Mines.———.1
Photo Engravers
& Electrotypers—
Pickle-Crow Gold Mines..
——1
Pioneer Gold Mines of B C—
—1
I, 32 % Mar
3'
__
Ltd.
Hamilton Bridge Co
44c
Peoples Credit Securities.
Perron
Nov
Feb
18 \'z C
1.90
7474
9c
Paymaster Cons Mines
v
July
Dec
20
3%c
-
———1
—-1
Halliwell Gold Mines
18
-
Apr
80c
235
Dec
•,
llc
Feb
1.09
.j
7,010
4%
—
Western
1.29
21%
3.65
5%
21V2
—
54.950 *
28%
6 ^
.
1.99
3
1.20
20%
56
,
4c
27,100
12c
1.78
—•
Bousquet Gold Mines.—.1
Paper common v t c
*
preferred
——
—
:■
,
10 %c
33/4c
12c *
Great Lakes
Hamilton
Jan
9074
Nov
25c
200
1.90
7474
Cadillac
Partanen
July
6%
5
Aug
8c
Jan
4
499,600
38c
2174c/
38c
1.90
•
452
19c
*
Pandora
Jun
100
com——*
Common
217
5c
Apr
5c.
82C
Porcupine Mines Ltd
Pamour
10%
.
105
■/
—-—-—50
Preferred
7
/
Mines——•——1
Gold
11% July
Jan
11%
~~
*
Nov
Vi
5
V
4 %
17c ;,:,;
Mining
10,500
6
—.—*Page-Hersey Tubes ■^4^.44^—4
Dec
1.00
Feb
7
■
50
-
g.
__
?0C
~*
Mining Co.——
Mines—
Goodyear
'625
50c
200
8%
4
5%c
Goldale Mine
Gold Eagle
18%c
7:
1.55 Nov
lie
1
Orange Crush
29 % Aug
105
—""V''-
Goodfish
70c
,
\
2074
955
22%
9%:
83/4
6c
24
40c
914
^
:■
.
8%
—
Gold Mines
Power common.———
preferred
5%% preferred
—iuu
General Steel Wares—,,——
Gillies Lake-Porcupine Gold————*
Glenora Gold Mines——,—
1
6,300
-22c
Oils
'
9%
5%
5%
162-
/;!. 70c
•v:-
•
98,893
8 V2C
Pacific Oil & Refining
:
2.65
*
4%c
7%C
1
36 34
21
Gatineau
Great
—•——
3 Vic
2974
1 V4c May
3%C
8V2C
20c
Feb
Sep
Jan
1.50
474 c
1
.5
—
—
34%
158
83c
1.45
Dec
llc
58
Oct
108 Vi 108%
2834
14,420
1.45'
.
105
Feb
Sep
4%c
Gold
47
•
67c
Dec
Omega
746
Jan
5Vac Jan
29
2Vic
Okalta
59
92%
,•
15 Va
4c
*-98
---
58%
10 *
Jan
Mining
Oct
1,000
—100
Northern Canada Mines—
Sep
7c
fv: 9% July
Jan
6
105
57%
7c
Feb
85c
41%
25
8
105
4 7c
105,
Nov
Feb
*fc
llc
Mining-———-*
July
11%
Jan
■————*
—.—-——
July
22
25%
50c
of Canada A———^
of Canada class A
Jun
vA 10
Jan
35c
10c
4%
Insurance-,---—25
.•17
Jan
35
1,000
_
—*
J
——
Jan
5Va
14%
140,
2,100
11,000
'1fin
com.,,*
10 V4
905
1474
60c
75c
111%
Jun-
2,000
18c
O'Brien
Sep
9 'A
Jan
9%
75c
Apr
4%
445
15%
16c
Normetal
3.75
3%c Aug
%c Jan
12,000
895
*
Norgold Mines
Sep
v.:
>
Apr
9%
>•
Corp...
Nordon
24c July
%
Jan
1.65
28 %
20
V
70c
28
171
-—®
Kirkland
c
Oil
Dec
■/..
93/b
43
,
1.63
25.235
14%
5%
, ,—
Francoeur
t
42
1.51 Mar
Sep
15%
Negus Mines
Nipissing Mines
^Noranda Mines
'Dec
5
Feb
37.470
2.40
28%
-
_
Dec
1.50 Mar
1.75
3.70
Oct
4.00 July
•
common—*
Co Ltd qommon
*
20
5
25
2.55
22%
Car———-——*
National Steel
40%
Oct
Apr
2.30 Jan
20 Va
-—....
Grocers
Preferred
Nov
24 V2
.
8%
common—
Sep
15%
Jan
9%
Light
Corp
Nov
1.74
Jan
22
-77
.
Nickel Mines
—,—
Fanny Farmer Candy Shops———*
Federal Grain class A common——
V
4%
Jan
128
—
Falconbridge
Graham
National
'
85c
39%
.-xuu
& Worsted
-
Gate
,
—
130
:
—
Malartic Mines—
Gold Mines...
Golden
Dec
3"'
6,930
95
Eldorado
Gold Belt
Moore
1.07
Feb
18
24.427
14%:
Muirheads Cafeterias
15
40/2
Chemical common--,
Woollens
God's Lake
Montreal
Dec
15
^ 22^8
Scottish Investors common.l
Steel class B
«
—
Stores.
—-•—:'~J~
Preferred
Oct
Jun
19c
Nov
°
'inn
English Electric Co
Ford Co
2.09
1374
13 %c
279
1.53
0 /4
Jan
9V4 Jan
1.94
11%
15 %c 17 %c
Jan
75c
II,420
1.88
,'j
--
2!l4 July
65c
1.37
Sep
Jun
20%
_.._1
Heat & Power——*
Porcupine
Moneta
1.27
20%
—*
Mills
Corp of Canada—
Monarch Knitting preferred
Mining
May
Jan
5,640
'
Mid-Continental Oil & Gas—
47c
Dec
19%
8
Mercury
Sep
Aug
4%c
25
3.65
common
1.75
14c
Get
Jan
44: S
-——20
1.35 July
Jan '
)0%c Jan
1.30
22%
1.65
———
Dec
1.59
6%c July
36,385
35c
20c
1.00
Dec
12% July
Jan ?
26,210
39.949
Jun
70c
Feb
lc
67c
3.55
—
Frontenac
Nov
9%c
14
255
.
61
May
Jan
63,750
23
1%C 2%c
6% ^4474-
Sep
July
Sep
6OV2C
.1.22
2.40
—100
McDougall Segur Exploration—.
*
Mclntyre Porcupine Mines———5
McKenzie Rea Xiake Mines—--—i
McLellan
1
McVittie Graham Mines—
,1
McWatters Gold Mines———
*
Nov
.26
,;
Mar
7%, Feb
1.10
24,150
94c
Preferred
6V4NOV
-
Jan
10
1.85
1.27
6.10
9%
.
2274
common.:,——
iDC
Duquesne Mining Co
east
Crest Oil-—
Federal
Jan
1.75
9 c 12 %c
1.22
Mines
common
—;
42
—
Equitable Life
374
1.72
7,000
Mines—
~~
Dominion Tar &
Preferred
Eastern
216
6,102
35c
1.37
1-90
—
Preferred
July
Feb
200
1.00
3 %c
26
-
3%c Jun
.
3.50
_
Preferred
McColl
Oct
19
107/8
A-uo
Preferred
Oct
39
151
•
10%
1.79
1,280
16%
Jan
54
5
27,800
14
4
Eastern
&
Massey-narris
Aug
Dec
Feb
14%
36c
60
7%c
3c
Fields
Maple Leaf Milling
July
14
Jan
133
175
1,070
5%
10 %
Bank
—
■
Foundries &.SteeLcom
Dominion
:
■
15%
205
%
,
2774
275
3a
147
15
--
Oct
24
Jan
Gold
Lake
Gold
Manitoba
•
37
60
3.65
22%
Red
Malartic
11% July
215
15. b
205
5 <2,
^
Mines.—
Dominion
Jan
19
145
Mar
1374
class A—.
Madsen
15
38
22
6.25
100
■
Oct
23
25%
22%
6.10
1,40 Aug
May
Jan
—-—
Nov
110
150
Ltd
6%
8%
—
10 V<
22%
Gold Mines Ltd—-
42 74
8%
--■:/%
& Dock—,-
Preferred
Dominion
6Vi
40c
3,237
6%C
Jan
9% July
Sep
8,000
—
Jan
28
Dec
13c
17
Macassa
142 V* Aug
f
12%
"
Class B
Sep
95c
90c
1,5*^
Sept
10 %
81c
—*
14%
Sep
8c
Mines, Ltd——,
MacLeod-Cocxsr.utt Gold Mines
1.35
210
2,000
common—
2 V2 c Aug
v-
Jan
55c
u_—
Groceterias
Loblaw
Sep
Sep
23
Nickel Mines—
----3 ,sc
Corp—Seagrams common..—
34 ,4:.
Dominion
Nov
1,580
41%
Delnite Mines
Dominion
128
72 V
V ;-V'-
135
6V4
93
Jan
Jan
Oct
Jgn :
32,709
-
3Vac
Jan
,
4.75
95c
Ltd_^.
Gold Mines.
Leitch
%c
:10
100.
4,679
Laura Secprd Candy—————
Little Long Lac
Nov
24
Aug
1574
Lebel Oro Mines
May
38
Jan
66
5
5
——
Imperial Mills.
...
common——
Dominion
2%
200
M
91
40%
—
Petroleum——
Dome
Nov
-1774 Aug
514
-
132
Dairy Corp
Denison
30%
430
35
14%
Jan
:
Jun
Jun
8 V4
Consolidated Bakeries
Consolidated Mining & Smelting., —
Consumers Gas (Toronto).
—_*uu
Distillers
8%
1,485
,
18%
91
Commerce——100 - 134 %
common
;
b <4
Mines,,,——•
Preferred
11 Vi
^
Cadillac Gold Mines
Lapa
9c
90c
Lamaque Gold Mines
—
Landed Banking & Loan..-..—
Oct
150
Jan
124
13
Sep
98
1%C May
10 %C ll'Ac
Lake of Woods Milling
44 V/ Dec
•"'•''
Nov
17,672
-i——
Mines,
Shore
29c
9.75
Dufault Mines Ltd
Lake
Oct
9
Jan
514
Locomotive
g
Malartic
Canadian Pacific Rv__
29
Cariboo Gold Quartz
*
Castle-Trethewey Mines ——
*
Central Patricia Gold Mines.——* :
Central Porcupine Mines
*
Chemical Research Corp
-------|
cnesterville Larder Lake Gold Mines—I
Cochenour Willans Gold Mines
*
Cockshutt Plow Co
Coin Lake
—-—•-'
7
f
Conduits ' National Co————£
Davies
Lake
Nov
2%c
'14
Feb
Jan
39,700
.
Dec
10c
Oct
9.20
Mines
Kirkland Townsitq
7%
Feb
79 Va
32 >/4
Canadian
Cosmos
36%
•25--.
10%
—
"""inn'-, no/"
Co.,
50
Industrial Alcohol A———^
Coniaurum
180 ;
91
18%
General Electric
Canadian
Canadian
714
44 Vi
148 148'/a
--
preferred
Canadian
594
7
91
———-—™
preferred
—-—---Foundry common.—_
Dredge
Jun
60
May
4V4 Jan
44
/»
• .
.
40
10.
Lake
NOV
Feb
61
: —
Gold
Kerr-Addison
Kirkland
97/8C
Nov
7 Va c
14
Apr
Juiy
■
23 %
13c
27c
174 c
-
July
2.499
19,600
—
24
vV
lc
2,500
r
39%
Jan.,
Mar
4%c
6c
3%c
5%c
41,——
35c
-
6
3%c
Mines
Oct
2.60
17
685
:
574 c
_•—;—.
Kelvinator of Canada..Ji_:
11% July
23 Vz
Co—
—__•;
Consol,
M
,J
Aug
Sep
4c
Jan
720
Canadian Celanese common—Preferred ——-—
—10.°
Canadian
1.15
6,900
17
'tyj
3,765
23
23
27% Nov
23 c
Mines
'Jelllcoe-'Mines
Dec
10Vic
Jan
Mar
13
2,903
30%
223/B
"A"—
Range for Year 1943
Low
•:
High
/
High
Low
29%
common
Mining
Waite
Jason
July
ft.uu
Jan
23c
Canadian Car &
New
Feb
7 Vic
preferred
Convertible
Jack
Jacola
23c
9
Canners common——-
Canadian
Dec
7 ViC
:
—-------~-s;
Cable class B.—.
&
Canada Wire
Nov
—
*
—
preferred
77c
rfc'v 85c
13c
of Prices
Petroleum
Jan
46c
560 <,
Nickel
International
International Utilities
Mar
19 %c
.
J-Of.
* \
Cement common
^
Malting Co———•——
.
Packers
Permanent Mortgage „——100
Steamship Lines common—-
Canada
Canada;
1st
73c
88c
Bread common.,-—
Canada
.
70c
International
July
for Week
Shares
•
Par
Oct
27%
29
61
-—
—
Bind
Camp
Apr
Nov
45
9c
10
^
Building
Calmont Oils
1774
21
175
Q~e
„
.
Mines—-—Mines,—
Gold
Canadian Gold
Buffalo
--
——
;i'C:
24
24
;
Sale Price
Range for Year 1943
Htgn
Low
Hiah
24 Vt.
Par
■
Shares
of Prices
Sale Price
r
•
Last
•
STOCKS—
for Week
Range
Sales
Range
Friday
Sales v.;
Week's
Friday
Mondays January 17, 1944
„
27
15
20
96
13%;
14
32 Va
33
155
5
158
7%
32
3%
5%
Jan
-
5'Ac
Dec
10c
Feb
Dec
Jun
Volume 159.
v-':V
THE COMMERCIAL
%.Nutri]j<er! 4247
STOCKS—
United Steel
6.5Q
4.033
16c
4.60
4.70
75,500
1,451
6.35
Walker-Gooderham
59
Preferred
;
20%
25
64%
520
26
Western
Flour Mills common-*
Canada
Westerns- Ltd
—*100
19
Jan'
4,250
19
Jan
25
9
Oct
160
3
Jan
15%
570
12
Feb
13c
7%
686,575
1,359
65
374
'
6%
63
•
.*
———100
Wright-Hargreaves Mines——
Ymir Yankee Girl Gold Mines
76
15 Va.
*,*
—
_*
9,140
4%c
4,100
6%
6%
v---:v: 15
Consolidated.
Paper
Corp-*****
Dalhousie
Disher
Oct
Steel
Dommion
Construction
Foothills Oil
Dec
July
Gas**
8s
200
6'A
10,011
80
12-J/a
1.25
1.26
15
15
15
Mining
20
I;
—.
—
3
47c
Dec
78c
Jan
195
8
Apr
10
21
Nov
7'Ac
Apr
1.05
V
Sep
800
23c
6% July
Dec
81'/a
Jan
10
Jan
20
20c
July
22
■
13,100
1.50
1.65
5,755
8%C
8%c
9c
4,500
Nov
3'/a May
Jun
1.80
;
Jan
74
15
,
1.65
i
Dec
29c
25
10
Jan
1.00
50
:•••
Metals***
High
Jan
85c
824
1.25
•"
&
80
33c
24'/a
^___*.
Mines
Temiskaming
5%
6'/a
150
24'/a
100
**„
Langley's preferred
Feb
45
Feb
26
$1,900
1.25
33c
•*
-
•
Humberstone Shoe
Bonds—
32
2.00
Range for Year 1943
JLow
35
12%
*
Osisko Lake Mines
32
9%
mmm*
—
preferred—*
Bridge Co__—
Pend .Oreille
Uchi 6s
6(4
—
'
8
Shares
High
1.25
.
1.25
—
Apr
5% Mar
of Prices
2.00
*
..
Low
9%
■
Co——«
Co
4.25
2%c Dec
6%
-
Copper
12%c
Jan
2.50
3.40
4c
—
York Knitting Mills common-————*
63
Marconi
'
**'
••:
•
Consolidated Sand 8s Gravel pfd- —100
Oil
,
July
July
8 'A July
3% May
Jan
—
for Week
,
Coast
5c
20
Vinegars
Canadian
17
;
l%c May.
3.15
;v:/
**
*—~*
Canada
Dec
Sales
Range
Sale Price
Par
Dec
15'/a
,
u".u.u—
common
Preferred
-
STOCKS—
21% Aug
v/ 6c
.*
common
Wiltsey Cogh
Winnipeg Electric
Sep
Week's
Last
5.80 Aug
Jan
Jan
21
—
*
Insurance—
Dec
47
1,360
59%
20 %
3.40
lists
Friday
Sep
36c
9Vac Jan
•
Wellington Fire
7.25
Funds
Jan. 8 to Jan, 14 both
Apr
2.05
Jan
4.40
13 Vac
15c
Ltd——- V-V.;
& Worts com——* '
59
Mines,
6
Jan
95c
Exchange-Curb Section
Canadian
High
3% Nov
635
34,775
2.14
1.96
2.13 i
6.45
——.
—
Waite-Amulet
low
4
4
*——„...;«*—.--;**,*1-
*
Upper Canada Mines Ltd—.
1
Ventures, Ltd;
*—i
•
Vermllata Oils ——————I
Range for Year 1943
Shares
High
low
Par
Toronto Stock
for Week
Range
of Prices
Sale Price
''
■
247
Sales
Week's
v V|.v." V v"
vv/V • :Friday
/V";-.Last
^JJNANCIAL. CHRONICLE
Jun
14»/a Nov
31
Oct
1.75
:
Jun
15
Dec
30
Apr
25c
v
Sep
1.90 Jun
12c
5'/4c Jan
Sep
OVER-THE-COUNTER MARKETS
Quotations for Friday, Jan. 14
Insurance
Investing Companies
Par
Aeronautical Securities—
Affiliated Fund Inc*
A Amerex
Bid
1
6.35
—1 %
Holding Corp
American
Series
3.61
Assoc Stand Oil Shares——-2
B-2———
Series
B-3—
14.46
Scries
—1
6%
Series
K-l*.
Bond
Ltd
Fund
Fund
Canadian lnv
Loomls
27.11
14.69
Loomis
16.10
30.04
*
27.94
10.28
—1
9.50
2.390
Christiana Securities com—100 2,296
148
Preferred
————100
143
5.02
Commonwealth Invest
——1
x4.62
38
Consol Investment Trust——1
36 Va
Corporate Trust Shares—*w~«*l
2.34
Series AA_——
—1
2.17
Accumulative series——1
2.17
Series AA mod————1
2.61
Series ACC mod——
—1
2.61
28
A Crum & Forster common—10
x26
Mass
preferred-—-—-—-100
A8fc
.1.18%
Low priced
Low
stock common
:
28
-
7
30
New England
111%
x4.59
I7«s80
A
3.5u
5.46
1.21
Fund———-——1
Diversified Trustee Shares—
C
F
D
:
2.50
Dividend Shares———25e
Eaton & Howard—
Balanced Fund
1
Stock Fund-;—
—1
Delaware
'
—-
X20.48
X12.30
Equitable Invest Corp (Mass)-8 ;
Equity Corp $3 conv pfd——1
Fidelity Fund Inc
*
Financial Industrial Fund, Inc*
First Mutual Trust Fund——B :V
Fixed Trust Shares A——*-10
Foundation Trust Shares A—1
Fundamental Invest Inc——2 ;••••
Fundamental Trust Shares A—2
B —*
——*
General Capital Corp_
*
General Investors Trust———I
Group SecuritiesAgricultural, shares———
Automobile shares——-——
28.61
32
17.89
1.74
x5.l7
9.35
3.60
21.26
4.60
4.25
31.65
5.11
19.24
3.28
7.41
6.75
7.25
Bank
6.15
stock
13.21
19.27
5.74
*
*
6.42
Bankers Trust
/
39%
—•
.*—'*
x2.0 0
x2.21
7.92
6.30
6.93
Corp
Super Corp of Amer AA,
Investing
—
Low Price Shares—*———-
5.62
6.19
Trustee Stand Invest Shs—•
5.33
5.87
Merchandise shares—*
5.99
6.59
5.00
5.51
shares—.—.———
5.95
6.55
shares———
3.24
3.58
ASeries B
3.90
4.30
State St Investment
..
:■
Insurance Group shares.
47 %
19%
New
90 Va
96 '4
99%
Bond
Union
28c
Exchange Bank & Trust*20
4s
0.85s
Home
June
Loan
1.53
5.61
1
Fund
—
43c
,
15,
21.02
Minn
7.27
7.95
1st
5.92
1946-1944
6.48
Gen
16.93
.
4s
1964-1944————*;
3%S
3s
**■
A Blair
&
12.46
AFirst
Boston
Corporations
.
1.15
15.91
1955-1945*-—*****
1%
49
1
'
25% ;
*
mtge
27
28%
61
62%
18
3%s
26%
Minn
1,
Other Issuea
1956-1946*;
51
51%
—
1944
Jun 15,
Sep 15.
Int. Rate
■
100.2
U S Conversion 8s*—.—*1940
105
IJ S Conversion 3s_*—
1067/a
106'/b
Panama Canal 3s_——1961
1944—
tSept.
1944*.
1
.*1947
130
100.6
100.18
t7/aS Feb 1, 3 944
100,1.
t7/8s Apr 1
100.18
100.20
t%s May 1,1944—
100.15
100.17
%%
99,31
% %
VA%
1945—
t Mar 15,
100.4
10O.5
100.36
tSep
15,
a
1947-
Certificates
Pow
& Lt
'
107%
<
132
I If II
I
Preferred
2
53%
:———*——***—
54'/4
Bid
(Indiana)—
—*——1973
3V8S—1973
3s___1973
99%
Ask
103%
3V»s series E_*
103 7/a
(New Hampshire)
1973
107%
108
1972
107%
108
Diego Gas & El 3%s—1970
109%
110%
108
109
102
102%
102
102'A
3%s_i——1973
102 J/4
102%
1958
104 Va
104%
3J/4S series A
4%s
99%
-**———
—
105%
San
105%
105%
South
101%
102
108%-
109
1972
Southern Colo Power 3VaS—1968
Utah Power 8s Lt 3%s_—1968
105%
'
3%s
York
100 J/4
—
West Texas Util
102%
101%
Carolina Elec 8s "Gas—
Corp.
4'As—
100%
100.30
tins Dec. 1,1944
*
.
0.51%
b0.74
100.28
are
Ask
1944—
0.72%
0.72%
b0.77
0.75%
b0.79
0.77%
1944
3.
10,
—__*—_*-*—
1944—
17, 1944
-
———
1944**—--*-*———
Feb. 24,
1944
for discount at purchase
—-
-
—*
b0.37
bO.37
b0.37
bO.37
b0.37
bO.37
Bid
0.28 'A
0.3JM.
0.32V
0.32 V
0.32 V
0.32 V
]V)ar. 2, 1944
———
Mar. 9, 1944
————Mar. 16, 1944—-—
Mar. 23, 1944—
—
Mar. 30, 1944
——
•
April 6. 1944——
April 13, 1944—_*——
Ask
b0.37
'
;
0.33 ^
bO.37
bO.37
b0.37 '
b0.375
bO.375
bO.375
0.33%
0.33V
0.34%
0.35 V
0.35 V.
0.35 V;
0.49%;
b0.76
1944—****
$%S
*
^0
Feb
100.25
b0.54
1 Va %
100.23
—
tDer
1946..*
Jan
F«-b.
Ask
b0.53
Sept. 1, 1944—**
t74s. Oct. 1, 1944—:
;*.
15.
8
25%
§ United Stales Treasury Bills
Jan' 27'
Bid
1944——:
100.3
tYsS Aug. 1,
1%'
Puget Sound Pow 8s Lt—
—
Feb
100.1
99.26
7%
25
common
105 Vt
——b0.05'
1
89.24
M—
.*
c
Public Service
"■
Indebtedness—
1945*1
tDen.15,1945*.
tMar 15, 1946—
%%
18%
37%
37
:
c**
Pacific
102 Va
3%s_1974
——*—1979
Iowa Power & Light 3J/4S—1973
Northern Indiana Public Service
3 J/aS
—1973
Panhandle Eastern Pipe Line—
r
2%s debs——*—*—--1953
point
lVa%
of
t
v
Public Service
Treasury bills—
Int. Rate
V
100.3
%
15, 1944.
Mar 15,
%
%%
1
Maturity—
47%
s
.
105 '/a
Ask
Ste
104%
—
100
1,1944
103%
Bid
& Sault
101%;
Florida Power & Light
100.6
100.4
103%
Figures after decimal point represent one or more 32ds of
Paul
104%
Light 3s_
*1963
Gas 8s El—
3s
4%s
Quotations For U. S. TreasuryJotes
Maturity—
corn-
*—■**■*—*******—-■
22
47%
Ask
,
Mar 15,
;
Grande
21%
'
103%
103
" ■
Rates quoted
;■■
Bid
.
St
Western
87
Delaware Power & Lt
103
105 7/e
Rio
1973
Gas
Central
104]|
1, 1956-1946
3s 'Mav
101%
81
Optional v t
86'4
Line—
1963—
Atlanta
Ask
(J S Housing Authority—
101U
*
*
Preferred
82%
—1991
4s„
Atlanta & Charlotte Air
/
—————Apr 15,1944
Feb
Youngstown—
—■*.'
49%
82
Bid
1
Corp—***—10
1%% notes
8s
Recent Bond Issues
Reconstruction Finance Corp—
0.75 '/o-
95%
■'
Canton
Free
2%
:!
Bid
11 %
—
Ask
5 % preferred .:*_*—i*—_**—*■
Chicago & North Western com*.
5% preferred
57'/a
—1971
4%s
income
*_
v
'
Co—
103 Jo
1955-1945————
3s Jan.
7%
1 ,325
95
—2014
*:
100
St Paul & Saulte Ste M—
17.49
Ask
101%
94
6V4
;
18.50
1.75
—l
*
99'/a
57
1993
Banking
25.10
101,V'
12
■
*
Investment
;
——!
4S
36%
37 J/4
15.90
B
■
Federal Land Bank Bonds—
53
224
-
4 %s
Common
,
2018
4%s
10.82
b0.90
48
~
Bid
Pacific—
mtge
Stocks
24.19
19.23
*
U S Ei Lt & Pwr Shares A
Bank—
1944
37%
Denver
1st 3-4s income
80c
23.46
A
C———————
92c
89
Grande-
Rio
&
Income
—
71c
.250
series
Inc
85
87%
*—1988
Chicago & Northwestern—
1st. 8s gen mtge l-4s—**1989
2d mtge conv inc 4J/aS**-1999
:
;
Denver
———J*
83
series'A—****—>*—*1988
6.46
Union Preferred Stock Fund-***
2.49
100.8 '
15%
■
issued)
Western
& Youngstown—
■
—
2.08
25c
84c
xl.05
100.6
155
314%
34%
:/•. Bonds—
Ask
Bid
"
Akron
.
Obligations Of Governmental Agencies
Federal
Ask
.
90
United States Trust—**——1001,280
Blacks tone Valley
Commodity Credit Corp—
; tl Va %
—Feb 15,1945
—25
Title Guarantee 8s Trust
*
(When, as and if
Bonds—•
"
*
B_
Series
21.84
Bid
York Trust
Public Nat'l Bank & Trust—17%
__
2.20
1
23.10
12.19
;
Bid
18'4
4%s series B*
'
ASerieS:,.D—*-—*-**—I
Wellington Fund——
Investment Co of America—10
Investors Fund C—————1
32%
145
—**100
—*
45 Yt
new
Akron Canton
'
Trusteed Industry Shares
4.88
9.88
'
72 Va
;
Reorgenizafion Rails
6.60
14.71
85.40
x2,33
Union Stock Fund -B
.
Trust
common-*-*—-—*
:
49
Trust
7.02
"79,48
*
.1
Class B—
4.39
20.31
2.20
29%
Bank & Trust—10
-
37%
Corn
Trusteed Amer Bank Shs—
4.67
.1.41
67%
—2.50
*
3.66
5.97 '
X13.81
Trustee Stand Oil Shares—
•
Foundation
Common
6.38
A Series. ■C—**——«*—*!:■
Series
Incorporated Investors.—.—:*5
Independence Trust Shares——*
Institutional Securities Ltd—
Aviation Group shares.:
Bank Group shares——
50
Pat
45Ve
47%
50
72 %
76 Va
First National Bank——1001,470
1,510
3.33
1
♦
A Series A
16c
47'4
,
General bond shares—7.20
—-1
Fund Inc
—i——.*.—10c
4
Fulton
48%'#: 50%
85%
Continental
7.50
Income
4.98
37%
Ask
400
14.29
:
6.82
AHuron Holding Corp
63 %
35%
22%
"
53
13.29
Administered shares—
4.43
Fidelity 8s Guaranty Co*.2
City Banks & Trust Cos.
35%
10.10
—
4.83
30%
46%
:
**
48
Sovereign Investors——.
Spencer Trask Fund—
shares
60 Va
U S Guarantee***——10
46%
Commercial National Bank &
5.14
Utility
133
127%
—10
—*—*—*_*—**100
Westchester Fire
103
Chemical Bank & Trust**—10
—
x2.54
——*.—.—1
2.95
Guaranty Trust —————*100
306 Va
Irving Trust —.*——10
14 %
Kings County Trust——***-'-1001,440 ■
Lawyers Trust—**——*——*25
34 Va
Manufactures Trust Co com—20
45 Va
Conv preferred*
20
51
Morgan (J P) & Co Inc_*—_100
214
National City Bank—,
12Va
34%.
91.10
4.15 j
U S Fire****—
388
.—**100
3.97
Tobacco shares^———3.98
27%
*
Chase National Bank—13.55
_*
*1x2,63
x9^6
RE Equipment shares
—
Steel shares
————*/
U S
Bid
100
,.*—10
—
Brooklyn Trust
X89.30
Railroad
29%
21%
Central Hanover Bank & Trust 20
Industrial Machinery shares—
'
*
New York
shares
Food shares——.———
/■
,
10
Fire*
/ 5.83
Trust
Selected Income Shares***—1
Petroleum
Travelers
25'A
Bank of New York**—*
9.64
—
Standard Accident*.
Par
8.77
.4.67
Mining shares—
16%
27%
Hanover
6.68
Selected Amer Shares——2%
.*
10%
71%
2.85
Security-New Haven
10
Springfield Fire & Marine—*25
91/8
7.30
Amer
19
45
Fire*
15
Ins. com.
10.49
6.30
Fully
37%
American**
8.42
•
6.21
.—
51%
35%
46%
17
42'%
28%
7.23
Equipment
49)4
43%
*
(Paul)
8.58
10.76
5.72
Electrical
St Paul Fire & Marine.—*..62 Va
Seaboard Surety
******
*10
5
Home
8,92
-
5.64
—
——
24%
98%
43%
6.57
shares——-——«
Aviation
22'4
10
6.63
Series 1958
6.12
28'4
.10
Hartford
9.82
Plymouth Fund Inc..
—10c
Putnam (Geo) Fund—
1
7.29
5.56
5%
26'4
Revere
67%
Globe & Republic
& Rutgers Fire
2nd preferred
Empire Trust
6 63
3%
Bank of the Manhattan Co—10
Series 1955*—;—
5.51
Reinsurance Corp (NY)—.**—2
Republic
(Texas)
10
j.
5.15
Series 1953
34.03
86%
Hartford Steamboiler Inspect.. 10
6.07
*
' Series 1956*——————1
/
36%
V 82%
7.39
7.65
*
———
—*
Steel
5.34
16
33%
9.78
7.80
North Amer Bond Trust ctfs—*
23.30
14%
10
141/4
27%
4.67
North
89
93%
Preferred Accident****—*—**.5
25%
Railroad equipment*—***—
"4.15
85 v.:y
*******^
Providence-Washington
1.50
5
Railroad
1.92
Phoenix **__***__*_**_*„*—*10
89
12.50
——
65
1.44
61
Newark
Fire*
•
Oils
49%
45
.
■
107%
47'4
6.71
8.11
Metals
102%
9.46
9.79
; Machinery
**25
Indemnity Co—**—10
6.42,
Electrical equipment
stock**^*—.—i—
30.76
I'lre
Pacific
8.89^
*
Insurance
33
Pacific
.10.87
Chemical
22.00
of
Northern
8.60
—4-*^* /
5%
62J/4
5.83
Building supply*-
1.33
23%
4%
48
,
41 »/4
.13.11
,
14%
21%
30
27%
34
38%
—10
Globe
*——
13 Vs
18'A
9.89
*
45 Va
York
13 Va
Phila
Glens Falls Fire
Great
27%
New
42%
12.16
—
'
25%-
Fire***———*—*_6
North River—*
„2.50
Northeastern ——**_****„_5
X31>/a
General Reinsurance Corp*
Gibraltar Fire & Marine-
,
Quarterly Inc Shares
*1*lOo
Republic Invest Fund——™1
Scudder, Stevens & Clark
Fund, Inc—
———
—•
a'; Building shares.
Chemical shares
;
Firemen's
4.79
190
58 J/4
—5
*
Franklin
7%
■■
,
New Brunswick——*— 10
New Hampshire Fire—10
5.60
21%
17 V4
—
Fire Assn of
2.90
6.75:
58%
55%;
180
41%
Employees Group
Employers Reinsurance
Federal
25%
'
6%
40'/a
—*10
Fidelity & Deposit of Md_ —20
6.55
:
Aviation
86i/a
5.35
20%
1.36
4.32
Fund-*—ii*—1
New York Stocks Inc—
Agriculture
Automobile
81%
■;
7.47
x6.13
series—**■————.*
priced bond series
Preferred stock series——
—100
•
7'A
Fireman's Fd of San Fran* —10
series——*—-*—.
Income
,
6 J/4
Continental Casualty—
11.38
7%
5%
23'4
National Union Fire_ii***i*—20
New Amsterdam Casualty**;
2
Connecticut General Life-
'
—
National
City of New York—
National Security Series-~
Bond
Liberty*—
16'A
4.73
49%
,
5
■■
.
78%
6Va
*
Ins
61'/a
Camden Fire—
22.02
10.81
3.55
1.23
6.91
Fire
46%
Casualty
Bankers & Shippers—
1
.
Monarch
National
40%
'■■>
59
Boston
,
;',■■/
14%
—10
9.06
10.41
National Investors Corp——.1,
'V
->10
ACorpmon B shares
A7 c!c
preferred
Cumulative Trust Shares
—1
52
Baltimore American*—
;
Inc**—*10
Fund
Invest
15'/4
,;
'
Surety**—* —25
90.40
38.04
75
—12 Va
37%
Reserve_i
American
4.30
12%
9%
9 Vi
8 Va *-•
—l
Merchant Fire Assur—**8'
Merch & Mfrs- Fire N Y—*
4
55
14
Ask :
40%
8 V<'
•
•
Casualty*.
Massachusetts Bonding.
-
15%
84%
37%
•
(Detroit)—10
National Fire**.**.**—,
___io
American
20.48.
10.05
2QJ/8
11%
Fidelity & Casualty_5
American of Newark- —2'/a
American Re-Insurance
10
Automobile
8.24
Nation-Wide Securities—
(Colo) series B shares*
•
JMd) voting shares
—25c
,
Crum & Forster Insurance—
Fund
2d
Investors
American
11%
18%
American Equitable****_— —*5
Maryland
'
82'4
Jersey Insurance of N Y»^—20
Knickerbocker ——***—*5
22%
10 '/a
Casualty*—
74%
;;
0
13 Va
Fire*—**—
10
Insur Co of North America***l0
20%
6.49
88.59
37.63
;***
10
Maryland Fund Inc—
—lie
Mass Investors Trust——i—1
Mutual
American
Homestead
36 JA
71
25
—*
Bid
Par
iv
551/2
34%
—10
Companies
147'/a
53
Alliance
4.58
***«-—--—-—100
Common
American
1Q.26
Manhattan Bond Fund Inc—
3.70
Sayies Mut Fund
Sayies Sec Fund
Life
Agricultural
5-92
.
17.96
Aetna
Ask
139%
10
*******************
9.32
-
*
Surety- —10
x4.12
'
—
—*
Fund.
29.31
Century Shares Trust
Chemical Fund—
■
jS-4—
-
x3.05
5
1
Ltd——1
Broad Street Invest Co Inc
Bullock
S-3—
—
16.70
5
Fund Inc
Boston
Series
Knickerbocker
103.7G
99.55
S-2———
Series
5 %
V4%
3.64
10
America
—
Series
4
3%
28.79
29.18
19.87
10.31
17.90
19.27
26.04
13.56
9.41
16.35
—„*—*—*——.
Series S-l—
Shares
of
Tr
Inv
—
———
K-2—
Series
14,37
13.36
preferred—————-5
A6%
Basic Industry
17.50
23.71
12.33
B-4————————*
6
—1
—
27.45 ;
26.60
X18.80
B-l————
Scries
3.67
24 Va
Bankers Nat Investing—
A Common
Aetna
13.33
Foreign Investing-lOc
Axe-Houghton Fund Inc
•Keystone Custodian Funds-
3.35
23
Bid
Par
Ask
Aetna Casual &
6.90
x3.35
10
American Business Shares——1
Bid
Par
Ask
Ex-liquidating dividend of $31.50 a share
payable Nov. 30, 1943* to Adams Oil & Gas Co. stockholders of record Nov. 23. 1943.
dDefened
delivery,
r Canadian market.
sCash sale-vnot included in range for year. x: Ex-dividend, y Exrights.
fin default. JThese bonds are. siibject to all Federal taxes.
AQuotations not furnished
•No
par
by sponsor
value,
a
or issuer.-
Odd lot sales,
-
b Yield price,
„
c
•
j»t#t$K*twwi
\i
T':
by
cities
pared with a year ago. Preliminary figures compiled
us, based upon telegraphic advices from the chief
In
15, clearings from all
from which it is possible to
'XX
15—
Jan.
ending
XWeek
New York
1944 1.
$3,981,069,353
350,198,699
Chicago
:
Boston
'
City
Kansas
Francisco
Pittsburgh
Cleveland
San
——
;-j—
Baltimore
cities,
cities,
J
+
9th
13.2
Description
shares
:
19,5^6,660
"
Bonds
"
Railroad & misc.
bonds
bends
-
,
•
government
U. S.
bonds
<
1941
No. Shares
1942
1943
No. Shares
No. Sha res
1st
2d
8,587,828
79.463.469
29.507,254
32.406.179
33,553,559
7,589,297
11,185,760
—
35,051,545
June——
23,415,845
7,229,097
7,466,443
10,461.813
31,314,623
February
■'
March
—
36.997,243
—
1st quarter
.
April
—
May
2nd
24,434.084
nionths
July
92,020,949
August
—-
September
—
4th
October
—
15.932,595
13,151,616
13,437,025
15,047,142
19,312,762
36,390,493
4th
quarter
Full
64,589,251
48,682,382
.
BANK CLEARINGS
-1Month of
Canada
1941
1942
1943
(000,000
S
$
$
New' York. 24,105 19,506 18,130
2,050
1,965
2,217
Chicago
1,485
1,704
Boston
; 1,533
2,747
2,663
Phila. — Y.
3,043
Pittsb'gh
Baltimore
8,627
7,229
6,122
12,623
11,166
9,293
1,186
976
720
13,267
11.336
9,485
5,412
4,875
4,127
3,245
7,924
6,315
4,998
7,761
5,734
689
551
327
7,056
5,404
4,614
"
350
286
201
4,333
3,462
2,823
1,607
1,458
Louisville Y.¬
345
304
284
Omaha
348
285
:
17,458
13,397
9,096
193
3,501
2,998
2,708
1,933
149
207: X
.
—
3,707
2,652
1,971
May
6,312
1,614
81
83
74
59
866
844
762
Milwaukee-
146
131
104
1,734
1,543
1,270
Buffalo
289
255
237
168
3,074
2,678
2.334
1,833
244
205
X 188
135
2,412
2,037
1,746
1,459
__
Paul-
Denver
196
224
290
_—
147
2,812
2,301
102
:
Seattle
3,328
2,799
2,239
2,030
1,841
381
X: 282
196
4,592
3,890
2,904
137
111
84
1,445
1,239
1,028
843
77
64
800
753
719
629
+
80
84
—
Total 9
Oth.
5,180
cities
We
3,129
4,055
4,540
24,212 21,922
now
add
19,468
53,460
45,801
39^802
Full
our
detailed statement showing the figures
.—-——:—Month of December
1943
Clearings at—
a—
Boston
First Federal Reserve District
YXX : X Dec. %
22,157,079
—22.9
39,692,311
193,830,229:
—10.0
17,767,888.732
'16,517,144,330
1,704.309,149
3.5
47,816,739
3,449,374 X
—
4,256,899
~
2,565,831
2,543,175
3
1""
1,927,005
1.939.029
5,989,782
4,839,964
+
23.8
19,437,550
+
8.0
—
2.3
+
4.5
—
Lowell
Bedford
+
—
'
Springfield
20,984,536
'
Worcester
Conn.—Hartford
New
Haven
Wgterbury
R
I.—Providence
N.
13,563,087
IIIII
IIIII
I-IIIIIII
.II~_I
H.—Manchester
Total
4.7
4,107,681
River
Holyo«
—
3,617,783
(14 cities)
13,878,398
84,440,109
80,833,993
28,256,120
7.951.500
81.355.700
83,050,200
3,047,923
3,944.565
1,808,187,938
1.984,942 141
0.6
—12.2
32,182,857
8 070.400
.
+
—
26,017,030
23,991.895
61,897,761
235,388,574
0.9
1.5
2.0
—22.7
231,996,327
'
49,218,804
25,775,030
23,438,841
22,618,280,687
23,281,579,673
10,588,699,936
21.9
13,040.176,413
35,036,791,779
17,772,499,565
8,320,909,532
9,851,481,730
27,761,265,869
7,267,464,909
11,616,743,166
+ 20.5
8,403,860,343
+ 18.7
17,672,877,208
9,619,895,206
6,712,217,893
14,007,355,156
+
9,992 715,182
21,592 710,370
X
+
22.3
+
16.5
373.148.269.548
189,885,040,159
311,635,682,532
150,757,644,123
24,671,221,654
+
21.4
21,692,658,376
18,509,509,908
1943 and 1942.
Outside New York—
Clearings
.1943
Inc. or
■
Dec. r/o
'19.716,896,037
9.0
28.915,301,937
33.410.972.447
21.0
+
17,830,007,273
:,v"'
28.9
+
x
x
+
97,267,759,698
59,746,846,345
+ 33.2
22.6
+
+ 31.5
-
+
+
33,325,966,002
+
35,605,705,995
;+
'Y'YY-
36.0
t
.
19.1
18,045,041,692
+
18.0
+413,405,044,996
;
+16.9
;
"256,863,573,438
8.9
week ended Jan.
the
+
22.7
27.2
+
+
XX
21.9
7.8
20,752,101,646
+
18,685,036,471
21,922,522,550
+ 15.0
+
10.4
YX 61,359,660,667
X
+
10.9
+220,465,549,837
+
16.5
8 for four years.
Jan. 8-^
Week Ended
—
Inc.or
1944
Dec. "w
$
+
886,554
1,087,373
3.3
$
Dec. r/c
$
2.2.7
1941
1942
Inc. or
1943
X
:
'
Y- 1-:
$
Yx.
810,547
681,392
4,335,072
7.1
4,091,080
—16.5
4,025,537
2,862,335
372,137,195
+
6.0
237,281,800
394,590,143
293,322.572
7.6
866,368
+
8.2
783,933
937,052
952,285
2.8
""+36l9
441~7O5
""399,609
+
—
+
—
"
0.9
"
742,768
542",513
+
2.4
46,006,394
+
34.5
1,220,218
973,261
207,696,272
+
13.3
5,792,018
4,547,788
+
3.4
3,478,164
3,529,730
6.4
24,496,137
17,731,019
3.3
7,168,291
6,796,087
'
138.843,477
753,000,409
307,507,454
85,599,200
7.7
92,199,600
866.431,700
844,119,100
2.6
18,146,700
33,389,168
1.3
1,070,710
689,972
33.821,5b0
462,755,111
428,737,559
19,302,175,401
15.0
by" +$100,020,856.
800,869,733
317,791,713
20.651,263.206
+43.7
+
19,005,007,017
159,005,868,314
68,061,399,049
+22.3
X
55.356,464,294
X
19.0
•<•' +
18,489,610,174
17,861,847,103
YX
21.5
+
52,363,056,943
103,649,404,020
;
22,367,799,239
21,481,222,418
24,212,377,392
^:-
'
113,347,234,944
193,790,303,756
16.5
27.6
+
+
70,420,804,505
•
51,286,347,077
X 17,244.046,597
23,315,790,909
.
XX-
15.7
24.2
+
17,073,968,654
26.569,457,723
20,535,555,873
?<■
.
17.1
27.1
26 9
+ 16.6
41,428,602,437
X
XX
123.369.499.251"
*
34,830,918,410
$
:
63,622,652,906
+25.5
98,927.439,091.
196,195,198,789
;X:;
21.290,406,497
*■■■■.
+14.1
+
+
17.873,299.281
X.
22.199,943.035
19.5
39.2
;
,
21.790,331,975
20,541,914,434
+
Dec. l!o
$
X-, xxx-'x/18.004,715,165
:
15.408,332,631
YX'
31.816,342,592
32,601,399,614
34.509,696,885;.:
Inc. or
1942
X'
XX"::'' XX..$ I •'"■
+
25.4
833,871
731,018
+
27.4
4,287,357
1.5
2,974,462
3,874,254
2,441,868
+
38.2
13,986,636
12,846,941
+
5.5
5,641,828
+15.6
13^869,900
—
'
+
7.0
4,843,319
*
15,702,000
+
55.2
661,740
.
—
6,023,424,632
413,405,044,996
220,465,549,837
143,625.609
"'
8,105,212,532
10,779,001,770
25.1
+ 25.7
21.1
17,073,674
28,116,161,912
15.4
17,111,377,892
+17.2
■
8,466 333,563
14,448 708,206
34.941,485,314
+
.y-.+xY
+ 17.4
41,062 149,570
12,369 679,332
+
1,533,356,716
Portland
Mass.—Boston
New
S
s
190.233.534.547
14,078,582,508
166,764,557,222
+
15,613 351,750
33,809,470,472
1942
XXX
+12.3
i
,
12,306 476,414
-
-1940
-
+
30,208 818,807
27,630 221,069
13.6
V
-
+28.3
-
26.0 Y'Y'-;Y
Lw
,
1941
.
+ 13.4
19,302 175,401
-•
adjusted
jotur-a:
*
four
12 Months
12 Months
or
'^4—0"
200,411 ,705,332
*
i)
1943
Inc. or
Dec.
.
Total All
for the'; month' of December and
YjaztH •fcj'bec. 31
—
—
1942
1,686,060,407
°
+
'x'--38,440,991
Me.—Bangor
Fall
$
each city
2,080,658,785
s
1942
>505,423,359,816
for
30,788,545,386
14,592,192,145
clearings by months since Jan. 1,
MONTHLY CLEARINGS
132,538,591,608
886,642,414
625,134,980
1,297,697,851"
19,468,027,836
Inc.
+
by
adjusted
194?.
<:;-:
29,938,657,124
.'+■;+
532,422,240
Y
37,598,983,913+
+,18.7,
38,109,162,035
——
"1943
816,912,331
YY,
Federal Reserve Districts in the twelve months for
20,651,263,206
257,143,644,113
33,911,109,180
31,327,820,802
14,200,213,724
19,039,374,800
48,226,649,568
14,496.406,960
10,592,692,460
fi 18,163,706,466
12,039,997,013
25,630,481,524
"
818,287,996
994,373,465
2.653,999,793
+10.4
12 Months
'
:
Y'
: :
1,058 553,040
+ 16.6
299,957,789,196
quv.rter—
year
Xx+X 8.4
43,279,265,139
40,941.350,787
48,317,975,682
32^223
505,423 413,405 373,148 311,636
14,592 256,863 220.465 189,885 150,758
2,464 ,577,014
'
+13.0
377,872,897.575
quarter,—
months——.
4th
+
2,267,082,227
——-
Total,
•
103,762,590,407
November..
48,317 41,428 37,598 30,789
Total—
4,026,002,023
131,641.518,207
——
December
2,878. 135,971
+13.2
:Y
s
4
,Y
Out. N.Y.C.
1943
-
39,021.590,325
45,241.493,053
October
+
"
12 Months
:—
Total 3rd
2,113
-
1.117, 129,407
4/,37b,4o4,829
1,256
123
3,561 785,243
246.231,379.368
months—
6
September
2,237
X 148
152
Salt L. City
Hartford
213
X 190
129
144
.
•:Yv + 11.3
'
1,353 846,785
130.049,641,464
quarter-
July—-—
August—
1,063
282
1,553
3,861
1,287
334
X 195
389
-
Memphis.-
1,439
361
221
Indianapolis
Richmond
21.2
-
Total
1,627
1,985
+
42.317.028,545
1,142
St.
6.7
116.181.737,904
44,296.811.827
43,435,802.092
June +_
603
155
Providence- :
18,824, 263,010
+. 6.6
s
::XX-;Y
38,119.462,247
34,999,433,469
43.062.841.188
—-—
Total 2nd
23.3
1,373,037.150
16,755,209,635
2,255,331,701
1,779,495,830
1,744 705,920
+
compilation covers the
quarter-.-
.
H
8.9
—
1,218,664,178
1,561,464,673
V;
^—32 cities -
—
2,150
667.
947
—
-
December, 1940
'
S ■';,"-v ■ '
December, 1941
or
Dec. Tk
the clearings by
table showing
—
Total 1st
.Inc.
December, 1942
2,690,821,918
3,787
413
Orleans
13.0%,and in the San Francisco Reserve District 8.4%.
41,428,602,437
21,922,522,550
March——.
9,380
is 18.4%, in the Dallas Reserve District
District the gain
24,212,377,392
February
9,801
are
2,828,553,155
Xx-X.'
305
In the Chicago Re~;
larger by 11.3%, in the St.
Louis Reserve District by 13.7% and in the Minneapolis
Reserve District by 21.3%.
In the Kansas City Reserve
District the totals
serve
48,317,975.682
Month-
422
10,784
the
in
Atlanta Reserve District of 21.2%.
1,984,942,141
20,239,008,329
2,807,232,243
1943
——
District the totals show an improvement of 6.6%,
Richmond Reserve District of 6.7% and in the
serve
$ '
-Clearings,
481
578
2,772,946,245
505,423,359,816
:...—256,863,573,438
The following
4,202
460
3,467,714,247
190 cities
—
5,427
463
22.4
1,145,752,162
2,395,433,680
XXX
Outside N. Y. City
6,346
649
+
1,716,462,865
Districts
Canada
7,543
800
4,224,126,229
X
..32 cities
Total
497
Minneapolis Y
Detroit
!
-
415
782 X
5,978,942,407
741, 321,090
—
540
974
6X78,161,348
1,195, 637,732
873, 967,858
1.785, 060,843
■
638
895
; > 8,696,743,705
32.6
18.4
.
690
1,024
365,382,081
+
_
,
+ 21.3
Y Y
Tanuary
City„
80,568,139
149,305,367
269,589,463
X- +13.7
7,774
_
110,623,524
4,482,193,392
1,399,095,056
—14 Cities
2d
.—......—.—14 -X"-X
3d
Philadelphia .....
—:
—
1? "
..4th Cleveland ..——18. .V'
5th : Richmond +Y
9. M YY Y
6th Atlanta,
.....i,....
—..16 :y"XY:
7th
Chicago
31 "
8th' St. Louis
—..'7 —
Oth Minneapolis
16 "
10th Kansas
City
18 "
11th Dallas
11 "
12th San Francisco
19 "
7.075
1,268
32.7
+ 18.4
,
859,102,286
4,822
725
+
£
-
1,892,478,443
Boston-;
New York..
1st
11,944
468
128,241,836
475,028,992
X
171,687,320
106,186,781
1,300,558,487
21,455
1,022
Cleveland^
N.
14,581
26,782
199,104,875
-
16,685
20,293
16,517
28,879
1,152
CincinnatiICan.
21,194
17,767
32,515
1,234
—
Fran.,-
«San
23,622
1,163
631'
720
819
Louis—
St.
1,542
2,131
+ 25.4
140,924,562
r
1,449,476,395
1,013,665,306
2,210,184,601
.........
—
Federal Reserve
1940
1941
270,279,236
29.2
X
————
We append another
Y
$
s
$
<*
16,195 248,559 192,939 183,263 160,873
—
.
1942
1943
1940
$
415,962,026
225,660,888
+21.5
,.
3,015,563,051
"
"
"X
4*
years.
IN LEADING CITIES IN DECEMBER
December—•
—Jan. 1-Dec. 31————
omitted)
484,881,752
+
3,176,627,064
"xx
"
"
Outside N. Y. City..
-
v
statement:
173,966,696
213,282,080
20.5
18.4
■>.
:
I,
32.6
+
1,230,307,107
—
Total
clearings at leading cities of the
for the month of December and since Jan. 1 in
the last four years is shown in the subjoined
each of
+22.8
.+
.
1,041,740,846
1
16
18
11
19
——
Francisco
12th San
The course of bank
country
;t 458,314,139
—43,921,843
212,567,810
'263,217,408
x;':
24,943,882,698
—
•
551,864,316
433,493,6Q1
+ 21.3
XX
;v
252,207,182
——190 cities
St.
11th Dallas-
207,600,249
51,695,349
—
.
Louis
Minneapolis ■ —
10th Kansas
City
53,773,554
278,741,765 125,685,298 170,603,671
year——
>
9th
14,489,085
20,887,311
18,397,158
X'
9
Atlanta
„«_——16
Chicago——-—--——--S1
8th
42,293,618 26,859,880
77,002,916 106,014,420 153,826,695
19,526,660
.
—
December
t-—
81,235,027
13,922,678
18,246.011
i_
November
7th
25,210,825
227,046,416
—.
'6th
63,720,802 126.966,815
8,373,55017,872,807
7,304,820
7,387,341 10,874,650
7,614,850
9,449,934 13,546,161 11,940,210
3,317,579,684
+
;■ 7
Cleveland
5thRichmond
26,695,690
38,964,712
15.574.625
3,448,566,450
178,628,087
1,808,187,938
14 cities
14 " ■
—7 "
———
York
Philadelphia
51,792.091
X—!..
Nine months
9,667,050
22,284,837
55,561,998
——.
—
quarter
3rd
x
171,484,418
26,324,332
14,251,976
14,985,690
quarter—
Six
12,993,665
7,925,761
New
15.990,665
13,470,755
16,270,368
4o.731.7P8
13.312,960
8,969.195
10,124,024
18,032,142
of January——
Month
Boston
3d
1940
No. Shares
42.0
255,618,906
December, 1943
Districts {•x
.
i'j The volume of transactions in share properties on the
New York Stock Exchange for full years of 1940 to 1943
is indicated in the following:
+
559,664,764
of the clearings for
123,881,200
4,192,025 / 6,533,850
$3,254,717,725 $2,311,479,250
198,800
969,650
$223,885,650 $207,079,300
bonds—
Total
:■-Y
vXy-K $
X
$
278,578,869
354,711,502
5,168,937,052
furnish today a summary
Federal Reserve
-
126,413,100
1941
1942
341,873,981
537,922,294
of December. For that month there was an
increase for the entire body of clearing houses of 16.6%,
the 1943 aggregate of clearings having been $48,317,975,682 and the 1942 aggregate $41,428,602,437.
In the New York Reserve District the totals show* an
increase of 23.3% and in the Philadelphia Reserve Dis¬
trict of 13.2%! but in the Boston Reserve District the
totals show a decrease of 8.9 %.
In the Cleveland Re-
$3,130,112,600 $2,181,064,200
,
11,046,200
9,235,500
——
X+X
612,410,664
11.533,874,781
City,
Y.
We also
>
$213,680,500 $195,834,300
— —
Foreign govern*t
—
7.9
:
the month
-
Inc.or
Dec. ■%'
+
562,266.902
"
„10
N
Outside
Twelve Months—•—
1943
1942
27$,741,765
125,685,298
19,312,762
,
230,6.99,912
M
7
.110 cities
-—:—Month of Dec.—-—,
1943
1942
—
..
4,637,292,683
170,172,697
F
12th San
covered by
next week.
"OXX-;
VX'':-
1943
S
346,512.617
1942 follow:
Stock, number of
-
11th Dallas
+
■
310,564,475
St..
3.5
$8,230,060,157
Minneapolis Re¬
428,737,559
!
435,531,753
8th
15.4
■1.501,180,852
the
674,445.853
7th
22.0
v. '
XX-
$
•
6th
$6/728,879,305
District by 18.4%. ■;
serve
298,563,964
5 th
+
and in the Minneapo¬
In
Dallas
32.7% and in the San Francisco Re¬
Reserve District by
713,071,097
/
14.7
+
29.2%.
District the totals are larger by 25.4%, in the
serve
6,586,512,495
742,777,905
Cleveland
~13l
1944
.
'
■
462,755,111
3d
4 th
monthly detailed statement of transactions
New York Stock Exchange is appended. The refor "December;; arid the -12 months of 1943 and
the
X
New York
2d
5.9
13.2.
Our usual
results
'.Xxxx';.
■
Boston
1st
+
Complete and exact details for the week
the foregoing will appear in our issue of
on
8
X?,X
Federal Reserve Districts
16.6
+
1,335.577.330
$9,318,762,715
week
Total all cities for
+
+
$5,393,301^975
$7,765,635,596
1,553,127,119
day-
one
176,427.394
154,705,984
110,879,159
_
-
6.9
Week Ended Jan.
0.5
+
District of
Reserve
SUMMARY OF BANK CLEARINGS
'
-
+
lis
by Federal Reserve Districts:
In the following we furnish a summary
xx-
+ 14.5
1,628,768,630
days
all cities, five
Tot.
All
197,824,000
,
|
9.0-1
X+7.2.
$6,136,866,966
five days——.
five days—
Ten cities,
Other
17.1
+
459,000,000
273,877,573
151,169,586
119,800,000
161,623,381
139,700,000
226,607,000 ;
186,752,415
175,163,068
127,146,853
: >
+X—'
St. LOUiS
+
$3,399,419,580
381,828,177
492,000,000
275,139,747
—
Philadelphia
Cent
1943
St. Louis Reserve District of 21.5%
whole coun¬
amounted to $11,533,874,781, against $8,696,743,705 in the same week in 1942.
Outside of this city
there was an increase of 22.4%, the bank clearings at this
center having recorded an increase of 42.3%. We group
the cities according to the Federal Reserve Districts in
Per
TELEGRAPH
BY
The Cleveland Reserve District enjoys a gain
32.6%, the Richmond Reserve District of 18.4% and
of 22.8%.
In the Chicago
Reserve District there is an increase of 20.5%
in the
the Atlanta Reserve District
try having
week follows:
clearings -RETURNS
of 21.3%. ;
of
present further below we are able to give the final
and complete results for. the week previous—the week
ended Jan. 8.
For that week there was an increase
the aggregate of clearings for the
expansion of 42.0%, in the Boston Reserve
and in the Philadelphia Reserve District
an
District of 7.9%
we
of 32.6%,
from this it appears that in
(including this city) the totals
District
York
New
recorded
going to press. Accordingly, in the above
of the week in all cases nas lo be estimated.
the elaborate detailed statement, however, which
the last day
Jan.
day,
RINGS
the
able at time of
ended Satur¬
cities of the United
States
obtain weekly clear¬
ings will be 13.2% above those for the corresponding
week last year.
Our preliminary total stands at $9,318,762,715, against $8,230 060,157 fbr the same week in 1942.
At this center there is an increase for the week ended
Friday of 17.1%.
Our comparative summary for the
that for the week
country, indicate
of the
Saturday and the Saturday figures are
ends
which they are located and
the week
not avail¬
furnish them today, in as much as
We cannot
increase com¬
€ EE
BANK
CJ R S E : OF
T H E : € 0
this week will show an
Bank clearings
Monday, January 17, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
248
341,873,981
11,2681200
••
564,800
278,578,869
t"
"■
■
*
,*
.
THE COMMERCIAL
Number +247
Volume 159
&
FINANCIAL CHRONICLE
-Jan. 1 to Dec.
-Month of December-
31—^^
-Week,
Ended'
Jan. 8
'
;
/*• ;.•..■
,
■■>■
■
■
■
•
Inc. or
Clearings at—
Inc.
or,
Inc. or
Dec,
1943
Dec, %
Dec, 'k
S
Second Federal Reserve District—New York-
8,593,004
289,819,000
,
"Buffalo -,ii——
.
Elmira-
■
i
—
York
—-
24,105,598,290
—
Rochester
'Syracuse
»,'
>
Utica
-
Conn..—Stamford
Newark
Oranges
;
5,480,8.99
35,353,044
2,627,191
r:A 128,686,404
213,744,631
N.
—
——
Third Federal
Reserve*
District—-Philadelphia—•
Chester
—
—
'
.
-1
<
—'
——
.
0.3
63,611,960
1.8
363,595,866
324,82b,617
+18.3
22,462,092
4.3
1,346,809,812
+19+
1,892,405,430
47,896,617
2,004,148
+
18.3
+
9.7
+
7.5
+14.9
—
N.,
-
-
.
-
900,549
966,168
^310,447,101
3,205,996,162
11,991,583
; + 26.9
10,821,257
10,001,162
6,180,585
"+,32.8
:■..;/ 5,488,883
7,121,4*01
•'+ 4.9,
.
4.8
8,210,121
.
'
31.5
+
865,546
642,794
;
4,663,820'
:+"■ 7.0
7,468,517
471,204
+
14.5
347,828
30,927,330
50,137,659
+11.0
30,978,194
44,555,605
+ 12.5
6,586,512,495
4,637,292,683
+42.0
6^667
+35.5
0.2
—
5,922,871
416,731
22,470,268
•
481,605
36,616,479
17,422,484
29,240,316
3,448,566,450
3,317.579,684
545,048
+13.3
24,626,144
52,391,366
38,456,752
145,848,272
86,527,550
i;
v
9!7
+
52,462,072
527,732
1.9
452,666
602,562
?+102.9
546,133
452,034
2,053,371
1/761,270
+16.6
1,610,641
1466*660
724,000,000
597,000,000
536,000,000
445,000,000
1,562,844
2,480,181
1,388,046
1,382,854
1,300,963
+ 39.2
+
;
4.5
+
+ 19.6
536,370
0.1
—
27,622,773
139,559,844
79,017,538
9.5
—
«
29,216,557
30,212,525
27,788,276
+
11.9
+
12.6
—
0.6
75,280,763
70,795,935
+
6.3
1,749,533
1,288,360
+ 35.8
+
2.9
140,089,486
127,639.880
+
9.8
3,282,123
1,503,000
3,045,841
+
1,352,646
++1.2
2,596,405
2,262,882
+
'
"
■,:
5.1
76,925,024
65,032,321
+
18.3
4.9
99,325,695
95,767,364
+
3.7
18,266,200
9,150,729
15,740,293
2T3
1,273,577
2,341,278
7.8
+ 16.0
+ 17.9
•+: 1.4
873,599
+
'
+15.5
—
15.6
—23.8
32,591,700
—23.5
8,725,593
261,276,200
+
35,393,220
37,768,142
268,365,535
+
..
+
.
8.4
1,150,928
2,108,031
14.7,
6.7
290,399,559
241,040,700
+ 13.2
+
3,338,831
614,472
7.1
32,515,000,000
28,207,295
28,879,000,000
+
14.3
37,361,789
-
<>
+38.4
."'+42,3
840,478
+
-
28,485,430
J;^-Trenton^—24,929,300
——k—„
1,051,946
4,471,617,476
+
6,169,854
•
1.7
+
9,488,974
1,535,424
:
'•
2,807,232,243
—
1,383,075
1,163,203
6,364,937,729
.15,214,051
+ 28.3
27,008,384
>
'
+ 71.9
11,731,762
1,773,965
•
885,678
3,858,383
"•'
——
Hazleton
'
Del.—Wilmington
3.1
+10.2
257,143,644,113
+
6,455,619
.
9,020,808
*
„
6.3
+ 23.3
1,284,091
34,700,010
11.1
+
1,213,751,705
1,652,132,752
42,265,077
!
6,258,211
1,458,463
46,500,000
+
352,412,192
23,771,690
.
6,362,506
,
+ 39,0
+
+ 28.8
59,441,894
+
2,663,000,000
7,273,095
•
——,——
—
—-
Bois
>
7,199,395 '
2,443,863
2,583,232
12,077,758
Pottsville ■;
-Du
526,354,800
309,897,544
1.0
••13,208,746
,
Wilkes-Barre
579,918,233
56,289,926
6.9
2,759,572
2,891,257
*
,
Scranton
York
:
:V
"
3,043,000,000
—6,415,765
—
,
50,173,653
192,939,495,159
4,485,735
A
2,807,520
•
i-„,—
,
Philadelphia
Reading
•
55,764,285
248,559,786,378
+
4,404,896
7,740,901
Norristown
6.9
+
20,239,008,329
V
4,922,837
4,744,358
'13,428,589
Lancaster
Lebanon
+141.4
7.9
+
■
2,371,420
-
■Harrisburg
■
+ 296.1
1,493,534
54,100.000
*
-
Pa.->Utoonav.
Bethlehem
7,013,963
3,605,522
75.211.000
+ 23.6
179,076,477
24,943,882,698
cities >_-
(14
27,783,084
+16.2
+ 14.8
+
123,359,413
4,682,730 '
+ 54.1
70,647,679
2,678,900,000
'
————-i-—
.
Total
J.
,
—
2,220,045
.
.
-—
Northern
55,326,735
28,838,572
.
---i.--——
J.—Montclalr
N.
•
•
436,171,261
82,114,864
3,074,198,000
58,045,557
Y
>13.3
5,808,703
4,672,863
19,506,079,887
51,761,443
28,564,038
5,465,737
34,721,615
5,347,174
4,995,780
—------
———Iaw——
Jamestown
,'v New
+ 30.9
6,566,109
255,800,000
•1
672,208,402
+ 79.6
30,507,103
54,789,244
£f.. Y.—Albany-.
Binehamton
4.9
7.6 '
3,422~OO6
3,334,600
>12.3
458,314,139
Fourth Federal Reserve District—Cleveland—
19,777,607
14,790.139
180,630,194
167,002,679
.497,795,481
481,187,376
+
3.5
5,412,152,534
4,875,457.968
1,024,126,436
974,741,840
+
5.1
10,784,232,538
9,380,934,078
4,770,979
118,115,475
261,763,137
68,160,600
+
22.1
J24,592,200
705,739.300
16,909,200
4,068,224
+
0.1
42,962,198
38,259,252
1,285,637
+
14.6
1.8
14,461,167
108,137,166
181,793,159
14.086,193
Ohio—Canton
Cincinnati
.
—
Cleveland
;
————
Columbus
-——
Hamilton
:
•
83,253,100
-
1,473,322
Mansfield
1
.
'
4,071,555
-------
Lorain
>
15,210,120
Newark '
10,724,579
54,959,234
40,887,355
1,640,664
1,504,090
Toledo
—
Co.
Pa.—Beaver
Erie
'■
.
-
—-
'Oil' City:
1,234,936,691
14,298,571
—
Ky.—Lexington
W, Va.—Wheeling
-
15,522,376
14,980,585
12,014,712
---———:
:
^
«___——
Fifth
7.2
5,735,319
2,37+097
4,914,854
3,323,189
305,517,187
225,377,976
175,914,627
145,66^453
433,493,601
343,921,843
883,462
679,678
3,760,000
47,388,597
C.—Charleston
Columbia
11,300,986
11,166,526,305
128,940,329
—19.8
Frederick
D.
————
———————
-—
——
C.—Washington
^
98,925,120
25.7
115,856,991
94,036,743
•
Federal
Reserve
,1.4 '/■ ;:
—
'+■ 8.1'
—15.6
—
6.7
2,457,290
2,666+18
7.8
1,973+90
158,182,611
128,535,716
103,310,580
87,933^388
44,806,152
38,846,857
39,579,045
32",469"963
+
-l
13.0
rv«
6,3A«,2«5.211
25,322,454
1,975,403,348
26,992,603
1,872,929,029
+
1« n
+
■■■
;
465,099,352
+ 18.9
w
—
1,735,070
6.2
+
5.5
173,966,696
560,500,000
+
5.2
10,574,258
V
-■—ii—
221,957,988
172,962,138
+ 28.3
14.785,769
"£+>246,973,489
14,499,823
193,131,908
K>,+(21,226,268
22,511,459
,; £0 :+«8,044,889
7,783+64
101,614,163
111,985,455
+ 58.5
,
———
J---—k-—
Montgomery
13,360,000
> 12,250,000 ;
———-
1
'
r'
12,837,227
2,926,661
Jackson
"
——
—
+ 27.9
2,749,817
5.7
■'^
8.3
6.4
42,532,186
36,772~831
28,446^239
5,606,098
5,404,133
3,219,688
.2,539,255
139,265,000
> 119,839,156
31.948,090
9,477,336
3,462,929,870
88,094,014
1,561,464,673
+ 21.2
19,039,374,800
15,613,351,750
435,531,753
+ 19.4
32,039,104
+ 10.2
17,458,205,153
7,312,348
3,036,593
1,458,550,966
8,287,575
—11.8
93,231,029
> 21,228,393
+ 11.0
256,087,039
4,274,112
4,408,786
12,968,478
5,869+62
3.1
51.762.646
143,161,726
.
/
3.6
+
336,186.
4,333,591,047
23,562.627
cities)
33,361,000
64,498,524
+18.0
350,001,341
1,892,478,443
—
1,338+31
25,158,000
224,162,656
82,873,980
11,880,698
413,094,049
■__
1,628~505
+ 30.2
I'.
2,005,928,637
34,718,902
+ 29.1
La,—New Orleans
2,635,534
—11.4
22.9
+
'
118,566,546
147,926,000
137,124,113
+ 20.0
■""+
1,040,539
1,343,420
;
,
+, 7.1
22,072,095
71,900,000
1,524,837
2,20+209
41,861,164
1,690,472,371
85,850,973
—
2.0
6,597,348
30,115,609
98,200,000
33,750,662
120,200,000
90,616,630
250,134,168
+, 3.4
-
2,258,017,147
163,646,753
2,326,669,942
+
10,750,868
:•
118,483,043
.;
0
7,060,705
6,844,586
+ 37.2
2,569,550
1,616,126,837
5,467.900,000
121,979,308
"J 94,484,862
6,561,000,000
+ 37.7
8,305,854
336,580,451
1,931,630,044
9,297,359
Ala.—Birmingham
(16
61,721,533
98^738,442
18.6
—--i—
Total
5+00,000
12.7
107,607,275
+ 22.0
8,430,940
'
,Vicksburg
';£:> 16.0
"l^.O-1 pr,r!
+
■
Meridian
+ 42.5
6,620,000
74,458,137
jpa PRI *>f>6
0.5
11,193,415
—-
,
i
:
1,080,354
7,680,000
111,588,826
+ 70.2
/
11,128,972
——
Columbus
Miss.—Hattiesburg
3,328,938,303
83.898+49
'
4.8
+
1.539.762
3.0
+16.0
■
+. 8.3
32,553,180
664,600,000
'.■Macon
—
26.4
152,688,114
55,408,818
186,216.533
—
Oa.-r-Atlanta
Mobile
+
+
District—Atlanta—
——-
Pla.-Jacksonville
+ 32.6
252,207,182
•
Tampa
3,861,647,607.
114,786,682
8.1 s-.;,
+
47,904,874
315,069,000
60,557,265
324,364,000
4.8
+
;
Tenn.—Knoxville
Nashville
Augusta
+ 25.3
2,522,942
173,229,127
172,287,441
—————
Total. (9 cities)
Sixth
l,927"l56
160,778,836
99,456,742
+
29,266,000
334,580,486
10,725,522
15,593,044
9,540,017
638,624,886
361,829,689
10,581,183
16,880,433
*10.000,000
690,439,643
2,128,779
Greenville.—
Md.—Baltimore
.
16,235,851
187,657,181
—
4,576,154
30,676,000
——
--
—
"■
1,944,808
3,636,563
396,930.681
151,721,757
5.9
2,097,849
3,897,270
81,728,876
12,623,836,653
+ 14.1
10,824,600
171.503.106
9,222,592
+
.116,034,205
District—Richmond-
Reserve
Federal
Va.—Huntington
:
.
"
9.1
+
2,837,259
63,307,981
81,255,171
153,504,881
12,266,800
537,922,294
Va.—Norfolk
———
Richmond ———————
1
i
+ 34.4
3,258,171
:
121,303,144
97,292,661
476,113,407
18,232,884
—19.8
3,421,650
100,226,837
188,319,761
14,994,700
'
Total (17 cities)-—-—
W,
6.
v
>63.1
1,052,776
1,152,038,892
12,529,857
16,492,349
18,687,462
9,560,895
844,694
Greensburg
Pittsburgh
"■
"■
i—---
>
0.1
—
6,575,830
*
■'.
+
9,760,245
15,229,588
9,933,324
———-
Youngstown
;■
+ 33.7
—
+
~2~35~404
9.7
45,267,711
22.8
263,217,408
213,282,080.
Seventh Federal Reserve District—Chicago—
j
Arbor
Mich.—Ann
Detroit
Flint
;
Grand Rapids
^
'
—
:
—
''
——L+—'
Lansing —
Muskegon
city
Illd.—Ft. Wayne
Bay
w—-
—
.
—•
Watertown.
—-J-'..
r
—
ia.—Cedar Rapids.
Des Moines
Siouy
■
.
/
Ames
■.:
'
■
.
Bloomington
1,104,481
3,374,317
<,
2+75,458^
:
Chicago
,
-
; 2,217,580,730
Decatur
6,920,422
Peoria..."
23,247,613
^Rockford
—
(3l
„
■
L—>
—
Total
/
ities)
>
.„
_
/
8,449,385
9,687,579
899,894 "
—
<
.
4,482,193,392
»
27,363,019
: 1,013,479
V 2,788,084
2,129,386
1,965,728,890
v
7,561,546
22,811,957
9,465,383.
8,186,139
919,800
4,026,002,023
4.2
11.2
1,553,749,198-
+ 37.5
r —
196,834,551
421,301,672
102,787,043
4.7
+
1.8
+
6.1
1,734,263,683:
>16.3
+
9.6
+
—
29,536,771
9,198,125,
1.0
+
>
7.4
45,565,706:
i ;r'
317,662,799
11.642.647
36,688,506
+
9.0
+ 21.0
-
8,120,02t
25,596,150
85,697,947
688,837.522
:
287,606,828
35,173,488
>
26*7
+
2,083,960'
27,932,000
25,"088~000
+
-
+ 36.3
2,647,520
2,268,746
7,558,532
6,520,468
22,048,808
22l639"721
*
+12.4
+
,
V-
13.8
1.9
+ 13.3
+
3.1
2,759,843
19,183,179
14,969,313
8,252,842
6,335,647
+ 48.6
+
+
6.1
672,418
516,662
+11.5
520,570,000
435,628.435
:
31.6
1,601,367
+28.1
2,097,843
5.5
:+ 20.9
1^.818,339
+30.3
4,946,943
1,535,309
9,971,505
,
3,826,852
9.2
25,253,445
:+
+
9.5
+
3.8
97,094,233
+
9.1
+
30.1
520,392
439,919
+19.5
381,705,951
44.5'
326,940,066
1,284,722
+ 21.8
1,614,315
7,503,975
+
1,288,386
5,206,327
2,088,559
1,861,172
5.4
92,ITS,124
248,605,308
107,528,253
+
+ 23,2
2,010,763
1,877,609
+14.7
1,836,610
1,765,166
1,545,152
20.5
484,881,752
415,962,026
8.7
1,9
272,226,855
—10.7
+18.3
111,592,831
105,962.281
2.2
19.686,940
9,832,986
+ U.3
48,226,649,588
,41,062,149,570
—
•
+
.21,194,089,803
+
■
33,590,859
26,786,451
97,098,155
—10.9
0.5
44,577,792
2,264,410
+ 23.2
5.8
23,622,041,321
-
8,843,270
—
+
2,2
8.5
4,794,476
0.8
29,526,000
3.518,419
9,923,084
•+•
11,000,796
+12.8
+
—
2,912,246
36,380,000
+
,103,329,006
; .,.1,543,527,087,.
25,946,182;
4,491,154
8.0
+ 36.5
726,940,032
+17.8
"+54".2
1,Y05~838
+ 10.8
flU 439,221/901: >
127,352,867'
+14.3
3,427,767
,
0.4
-™266,596-,246
£
2,181~837
+ 31.6
32.2
+
3,100,371
4,080,824
0.4
47,124,048
143,206,129
26,392,332
+ 35.9
■
4,153,056
4,782,474
22.6
.£,,59,426,147
46,424,764
9.4
+
—
■■v f.t.
153,788,217
"295,334,094
9.9
+
8,588,618
59,446,093
67,970.951
32,244,258
••
Springfield
Sterling
42,207,986
379,631
11.2
+ 58.0
217.029,446
1
30.3
+
143.692.981
47,299,343
+
2,482,334,
.11,669,643
+
City
111.—Aurora
.
:
78,570,393
2.4
—
.
'2,743,034
4,002,969
,
Sheboygan
■
14,283,367
129,795,986
16,886,582
39,721,115
8,618,611
146,803,655
2,358,319
.3,653,918
667,914'
—155,775,495
Manitowoc
+ 30.9
+
» 25,749,427
2,457,112
-
—
Wis.—Madison
Oshkosh
+ 24.9
4,629,148
;
730,903
-
——;
Haute
(
13,681,164
28,289,927
144,296,789
23,213,529
37,860,041
8,775,659
-
;
—
—
Bend
Terre
4,739,488
—
+
536,934
719;901
+ I8.R
26,971,888
13,397,494,061 <
83,870,184 >
"
——
South
16,199,506 "
7,682,762
--
...
Indianapolis
Milwaukee
'
-
Jackson
Gary
3,625,575
1,607,645,621
«
.
—--~-
+17.4
6,340,057;
.
2,572,950'
2,152,937
674,445,853
;
559,664,764
+
4,539,204
THE COMMERCIAL &
-————Week Ended Jan.
-Jan. l to Dec. 31-
-Month of December-
1943
1942
Inc. or
District—St. Louis,
819,956,978
Eighth Federal Reserve
Louis
Girardeau
Independence
Ky.—Louisville
Tenn.—Memphis
111.—Jacksonville
720,270,479
-
Total
Reserve
780,537
Rochester
,
■
•
.
——-—'
■
13.6
9,732,690
3,501,436,861
2,239,387,931
6,969,181
53,173,000
+13.1
616,293
+
19.2
3,981,000
+
24.1
9,781,042
2,998,528,064
2,030,378,943
+24.1
127,500,000
95,600,000
64,72*1*413
"+*18*5
57,503,535
42,*1*95*475
41,630,493
0.5
-r-
76,683,925
48,372,550
+16.8
+10.3
12.9
6,171,659
+
43,799,000
:
148,400,000
184,200,000
+
1,*308*000
21.4
+16.2
39,826,353
'
1
33,298,845
*8*67*660
* + 50*9
"*5*93*666
171,687,320
255,618,906
4,475.494
4,191,216
3,712,782
154,820,621
119,455,777
92,032,041
2,860,643
67,479,873
59,252*560
44,276,706
36,024*944
28,4*5*4*131
3,103,403
2,491,653
2,311,924
244,253,745
2,632,042
478,390
16,007,677
2,387,000
2,179,280
7,020,201
i
Fergus Falls
D.—Fargo Grand Forks
—-———
^
Minot
-
D.—Aberdeen,
——
Falls
Sioux
4.7
+
19.3
11.7
689,919,091
————-
-
.
Paul
Winona
6.
+
+
+
21,382,896
Minneapolis
N.
57,738,666
District—Minneapolis—
Minn.—Duluth
St.
1941
Dec.%
cities)
(7
Federal
Ninth
20.4
7,229,317,854
51,702,770
8,627,968,631
+
4,941,000
..—A---'—*—.——.
'Quincy
13.8
4,775,932
221,409,448
734,925
,.J'
+
304,136,925
195,745,941
5,750,614
817,375
345,484,716
Cape
r
8—
Inc. or
S
Clearings at—
.
,
S
Dec. %
Dec. %
Mo.—St.
Monday, January 17, 1944
FINANCIAL CHRONICLE
"
12,619,163
1,490,230
6,797,548
7,003,480
24,597,753
660,426
—
—
789,376
996,657
1,684,576
—
872*579
Falls
Great
Helena
—
Lewistown
1
987,503
5*326,492
5*011,231
4,067,232
3^238,526
178,628,087
140,924,562
106,186,781
r
•;«
s" • ' - ' • f v
v, S
".'V
Federal Reserve District—Kansas
^
X'
1,068,975
(16 cities)
Total
.
1
——————
1,418,955
230,699,912
Huron
Mont.—Billings
272,810
,
—
236,288
136,503
122,939
4.845,847
City' 170,029
Lincoln
18,552,630
Omaha
: ■
•
348,294,939
Kan.—Manhattan.,.™.^—1,156,389
Parsons-1,447,652
Tenth
Neb.—Fremont
5,150,936
3,156,995
65,224,104
41,894,007
2,832,203
32,603,447
88,267,145
•
Topeka
33,013,465
...
"MO.—Joplin
Kansas City
—
St. Joseph
—
—.
Carthage
—w-.———
Okla.—Tulsa
Colo.—Colorado Springs
Denver
«
Beaumont
Dallas
'290,213,178
4,529,182
——
————
Houston
...
,
——————
—
—*»"
-
Arthur
Texarkana
—...
ta.—-Shreveport
—
—-
(11 cities)
Total
Yakima
Ida.—Boise
....
Dtah—Ogden
...
Salt Lake City
.
:
————
Riverside
—-
San
Francisco
San
Jose
———-—.———
...
Barbara
—«—-
-
Stockton
:
Total
,
3,955,772
+
+
+
20.3
+
27.2
+
21.9
+
6.4
+
20.7
8,563,413
—
3.0
+
30.7
+
16.6
+
28.0
2,533,000
+
:
11,144,426
10.9
+
137,111,613
24,461,170
24.9
+
34.7
+
4,455,000
+
1,186,084,739
11,013,937
+
18,503,390
46.4
17.4
44.7
+
6.9
21,592,710,370
220,465,549,837
393,552,277
125,553,702
373,598,693
31,311,083
—
Vancouver
— •»m#■»'»#•••
m
—*
687,688,385
602,850,507
261,824,909
-
.
1942
$
9,435,855
London
32,705,926
28,344,804
,
15,724,756
-
Edmonton
43,981,252
Regina *
6.8
+
34.5
+
53.7
368,221,894
+
43,575,978
;
,
13.0
+ 12.1
16,614,446
33,496,568
35,887,361
10,624,502
13,067,312
John
Victoria
9.9
29.2
47,540,729
Calgary
+
1.4
+
32,432,895 ■*
——
+
+•
18,630,625
Halifax
8,831,215
123,866,851
3.2
—
+
32.5
+
23.9
..
2,899,013
,
Brantford
.
+
13.9
+
35.4
+
25.2
5,257,865
+
2.0
5,362,870
4,707,683
2,196,606
1,965,460
5,144,031
5,315,423
3,838,390
Sherbrooke
*
,
58,039,275
43,796,817
—15.8
+
11.8
+
34.0
48,351,586
'
+
20.1
4.7
47.6
+
21.3
+
26.4
+
7.2
+
9.1
+
25.2
+
17.3
+
7.9
+
9.3
+ 34.2
323,052,889
,
f
i
.
286,318,021
25,912,581
37,464,613
+
..
•
+ 25.2
+
90.809,177
42,967,786
56,806,670
57,047,446
49,730,663
19,067,074
42,000,286
Vi fv
28.6
+11.5
-
v
We have been
0.5
—
126,151,783
20.2
P-+ 12.5
+
8.7
+
1.7
—11.9
+
28.5
+ 17.8
52,379.078
+
'+•
5.5
informed that for some time it has been
bank clearings did not correctly re¬
.felt that Canadian
owing to the fact that intra-bank
through the clearing houses. It is
not unusual for a Canadian bank to have hundreds of
branches throughout the Dominion.
For this reason the
use of bank clearings by the Dominion Bureau of Sta¬
flect business activity,
not
items
do
tistics
was
pass
discontinued.
General Meeting of the Canadian
direction was given that clearings
discontinued on 31st of December, 1943.
At the recent Annual
Bankers Association,
returns
be
Clearing houses were notified
6,189,090
5,912,321
+
24,091,985
18,410,108
+
30.9
3,400,905
2,793,097
+
21.8
Monnton
6,395.218
5,561,745
+
3.899,316
3,843,972
+
1.4
40,288,440
+
•Kingston
32,156,667
67,889,063
43,626,912
3,307,468
+
37,734,052
35,655,546
3,036,751
+
41,168,662
+
:
of the
above,
Canadian bank clearings are
3.9
+
view
55.2
3,736.360
23.0
+
Sarnia
In
5.8
3,613,829
9.3
+
Chatham
accordingly by the Asso¬
ciation.
8.0
66,499,740
56,591,821
70,185,747
235,035.406
20.2
+
155,699,527
24,500,669
49,488,826
4,426,438
13.7
+
101,796,408
61,740,349
6.8
—
5,708,354
5,319,102
3,964,743
Hat
Peterborough
r+
109,197,095 '
'.-.■.'■'v..
'
Westminster
Fort William
,v
46,879,094
4,156,121
+
7,305,428,155
6,534,897,801
2,520,845,328
1,238,183,388
3,826,239,265
294,627,784
206,266,829
380,241,162
362,076,229
28,882,794
3,956,812
8,727,907
5,202,167
.
—
+16.6
4,505.815
Lethbridge
2,485,601
11,821,972
—
Kitchener
Windsor
Prince
Albert
Sudbury
^etal
_
(32
cities)
15.0
2,772,946,245
Dec. %
+10.3
289,225,680
27,699,360
269,589,463-1
5,978,942,407
,
8,304,666,090
50.3
1.750,925!
3,233,807|
Inc. or
$
+11.8
+
6,778,161,348
3,467,714,247
'
31-
1943
7,855,550,026
3,721,620,056
1,502,067,587
4,837,343,786
315,903,070
225,137,361
378,263,499
453,453,338
148,031,511
109,827,054
170,246,203
433,430,209
•
*
DECEMBER AND FOR JAN. 1 TO DEC. 31
+
Dec. %
3,078,164!
365,382,081
562,266,902
256,863,373,438
1844,541
3,213,364
11,533,874,781
5,168,937,052
14,304,623
664,995,104
Montreal
Medicine
4,191,708
413.405,044,996
-Jan. I to Dec.
•
New
2,551,247
28.3
25,630,481,524
505,423,359,816
8.4
Inc. or
$
768,765,406
—
Jaw
20.5
+
_j
152,~03~7*000!|
3,946,429
6,127,477
32.2
+
4,379,803|
■;v.
199,6*32*600
320,518*936
+
27.7
+20.7
1942
-
Moose
4,4681063
+ 10.4
.•■■'
18,443,697 j
6,317,105
5,841,834
+16.6
—;
Saskatoon
11,519,359
30.8
+ 17.0
'
Brandon
49.6
+
+
-
54,014,348
24,245*981
+ 38.9
+ 104.3
7,805,995
73,408,656
28,42*1562
4.3
+
52.7
+
+
6.9
+
76,746,601
33,472*763
+ 15.8
+22.3
17,702,250
29,531,456
5,967,938
13,186,035
$
St.
964,944
32.5
—
Hamilton
45,012,700
1,917,622
330,819,054
8,037,082
19,304,348.
6,445,443
1,268,114,679
22,497,218
9,966,949
22,329,575
Canada—
,
65,782,628
1,646,181
+
-Month of December-
Quebec
90,603,939
2,527,848
7,973,808
(190 cities).
Ott3iW3i
98,769,129
29.8
+ 35.5
+
CANADIAN CLEARINGS FOR
Winnipeg
15.9
+ 18.1
2.1
8,172,398
8,307,087
1943
1,186,688
1,685,937
2.3
110,623,524
0.2
—
381,199,207
Outside New York
Toronto
15.6
1,928,000
9,992,715,182
12,039,997,013
+
(19. cities)
Total
Grand
—
;
29.9
+
Y-' 45,095,445
' +Y
Long ■ Beach
•'Modesto.
Pasadena
+
+
13,627,661
18,919,013
1_
Berkeley
■
3,794,000
22.1
—14.6
152,102,030
30,540,810
—
-
13*21(5,511
11.2
+
352,141,523
Ariz.—Phoenix ———
Calif.—Bakersfield
7*7*4*4*326
15.6
+
3,221,000
Ore.—Eugene ...
Portland
———...
1,991,240
63,*177*780
22.0
+
3,946,230
389,195,261
11,073,457
10,568,869
'!•
—
2,794,053
101,143*621
3,018,313
21.1
+
District—San Francisco—
....
19.6
+
+
1,145,752,162
—
Twelfth Federal Reserve
Wash.—Beliingham
Seattle —
Santa
*79L879
+.20.4
46,737,267
63,301,662
14,930,000
466,769,763
4,729,990
6,841,325
1,600,366
25,083,690
Wichita Falls
-
*586*799
149,305,367
11,861,308
8,939,681
494,957,110
-
-
Galveston
Fort
759,281
1,109,232
District—Dallas—
Worth
Ft.
4,131,758
2,394,186
——
—
Paso
El
101*723,006
5,133,334
cities)
Eleventh Federal Reserve
Texas—Austin —
—
.
138,571,776
5,972,618
66,254,579
4,833,158
.
(16
Total
187,411,393
7,193,063
1.133,304
'
32,621,649
797,944 •
+
Pueblo-
Wyoming—Casper
225,072,680
3,208,031
895,290,397
:
;
-
•
5,830,949
13,685,457
i..———- —
Wichita
2,974,050
3,539,292
4,227,169
•
Y
222,469,900
27,065,373
59,322,045
5,597,806
5,020,997
+
11.5
59,630,605
26,522,484
57,387,983
2,690,821,918
2,267,082,227
+
18.7
29,938,657,124
24,671,221,654
+
5.6
+
18.8
+
14.4
no
longer available and we are accordingly obliged
our customary table of Canadian bank clearings.
omit
8.3
21.4
a
to
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4247
159
251
Capital Flotations in the United States During the Month of December
The
and for the Twelve Months of the Calendar Year 1943
$102,600,000, made up of three issues, so placed in No¬
vember, representing 53.7% of that month's total; $12,929,000 or 10.1% in Octoboi^ $14,250,000, or 21.9% in Sep¬
tember, $9,650,000 or 9.4% in August, $29;412,000, or
34.6% in July, $29,450,000, or 23.4% in June, $1,770,000,
or 2.4% in May, $13,600,000, or 14.2%
in April, $32,800,-
Corporate financing for December, 1943, showed a
decline under the aggregate for November, the
totals being $97,365,272 and $190,894,281
respectively.
We note here that the decline in December under the
sharp
'
sales of two
The figures
previous month is attributable to. private
large-sized issue aggregating $102,000,000.
| for December, however,
ous
the
Dec.: i; 1958.
,
10,315,000
72,920,126
1,865,000
13,195,000
95,390,457
56,708,375
79,085,120
71,071,229
47,829,228
118,900,457
208,714,121
ApriC^-i-—
20,784,940
74,902,000
95,686,940
97,114,003
May
28,620,611
29,999,425
44,743,680
73,364,291
95,812,568
125,811,993
I March-J^^—
First'
:
quarter—
^[une-
—
Second
Refunding
52,928,677
275,687,665
328,616,342
804,100,237
146,650,400
small fraction of the total number of business
103,841,600
5,806,500
109,648,100
63,874,177
107,180,735
197,102,123
260,976,300
76,827,430
61,685,570
138,513,000
90,916,785
113,390,374
204,307,159
86,019,070
363,802,103
194,260,627
417,673,232
611,933.859
hand, it also suggests that the great major-'
ity of companies have not been able since 1939 to satisfy
their normal needs for capital.
Since the firms with
serious reconversion problems on the whole tend to be
114,555,562
69,173,850
183,729,412
408,736,626
322,446,837
731,183,463
789,110,070 1,358,107,489 2,147,217,559
380,373,444 1,035,660,652 1,416,034,096
229,257,834 .715,754,988
463,343,276
665,272,885
601,052,716
298,431,684
899,484,400
86,662,467
127,335,693
43,845,700
46,280,000
103,661,200
97,050,220
November
121,032,738
14,236,772
69,861,543
190,894,281
97,365,272
89,427,250
80,002,863
42,384,100
131,811,350
83,128,500
2,434 ,300
6,679 000
14,717 010
59,061,554
139,064,417
175,942,736
239,652,510
-415,595,246
23,830,310
273,091,313
198,495,874
471,587,187
377,872,345
702,995,786 1,080,868,131
624,883,026
417,637,250 1,042,520,276 1,062,201,383 1,556,603,363
2,618,804,746
December.—
^Fourth; quarter—
Twelve months
.
;:
13,530,876
20,209.876
61,828,990
76,546,000
119,205,566
143,035,876.
200,711,420
*Revised.
The aggregate, of
all corporate issues for 1943 was $1,-
1941
1940
2,434.645,300
1939—
1,962,249,000
for refund¬
ing purposes.' As previously noted in -these columns,
neither the amount nor the degree of increase in this
kind of financing was representative of the great expan¬
sion in industrial activity for the past four years.
In
.times of normal business growth there is ordinarily ari
attendant growth of new capital financing.
The present
industrial boom is, of course; not a normal one, but one
arising from our defense and. war programs and pur¬
chases by the United Nations under the lend-lease projgram on account of the war.
The reflection of such a
boom is not unnaturally found in the United States
,
1943
and $702,995,786 or 65.1%
money
in the cor¬
porate figures. New indebtedness incurred by the Treas¬
ury last year through the public sale of its securities
total of $63,182,839,168 as
amounted to the stupendous
compared with $50,409,965,253 in 1942
and notes
and $11,512,617,001
1943, bonds
Of the total corporate issues for
added up $907,077,500,
compared with $913,-
122,350 in 1942 and stock totaled $173,790,631, as against
Of the total financing,; the largest
$129,397,926 in 1942.
of "other in¬
share, $460,858,692, fell under our category
dustrial and manufacturing," compared
with
with $336,930,-
1942, utilities accounted for $399,148,600; compared
065 in
$467,175,666
while railroads footed
1942,
in
$152,436,000 in 1943,
$48,595,850
against
in
1942.
balance, aggregating $68,424,839, was made up
coal, copper, etc., $14,267,754,
steel,
facturers, $520,000, oil, $17,000,000,
up
The
of iron,
equipment manu¬
land, buildings, etc.,
$11,996,000, rubber, $10,518,795 and miscellaneous, $14,122,290.
'
'
1
'
Following is a tabulation of the annual corporate fig¬
ures
for
the
past
12
years
according to each type
of
security:
domestic
Calendar
Bonds and
Years
Notes
corporate
Preferred
Stocks
.
$889,077,500
$130,710,988
1942
913,122,350
110,158,408
1941
2,319,675,200
219,228,275
1940—
2,434,645,300 %
1939..—A
1,882,749.000
1938—
2,042,783,895
1937
1,673,283,500
1936—
4,026,041,600
1935
2,116,597,775
1943—
1934
—
—
ployment situation wholly disproportionate to the
ber of concerns involved.
"The
accumulated
issues
.
Common
Stocks
Total
$43,079,643 $1,062,868,131
$43,079;643 $1,080,868,131
19,239,518
1,042,520,276
79,901,271
2,618,804,746
81,616,848
246,315,690
161,158,178
.
•Total
Stocks
■
2,762,577,838
72,759,242
2,196,166,420
19,150,284
2,140,494,689
1,673,283,500"
468,395,208
292,013,451
1936——
4,064,041,600
282,063,717
2,433,692,159
4,631,945,681
1935—
9,116,597,775
456,493,100 '?■
285,840,364
123,650,746
1937
78,560,510
2,042,783,895
1938—
...—_
1932
—.
3,198,450
15,222,555
2,267,428,765
491,094,449
137,516,401
381,583,656
619,860,300
1933
31,402,899
228,844,700
1934—
10,920,875
13,114,170
27,180,244
Financial Situation of Industry After Two Years of War
In connection with the
.
financing of industrial expan¬
sion, we give herewith a summary of a report by Pro¬
fessor Charles C. Abbott of the Harvard Business School,
"Financial
entitled
An estimated
used
was
of
Industry
After
Two
The summary follows:
Years of War."
ital
Situation
fifty-six billion dollars of working cap¬
1943 to finance the production of in¬
in
private funds has been spent or obligated for in the ex¬
pansion of the physical facilities of industry to meet the
demands placed upon it by the war.
A considerable portion of the working capital fur¬
.,,
by the government to finance output does not
the balance sheets of the individual business
appear on
concerns,
Professor Abbott pointed out, notably govern-;
inventory under cost-plus-fixed-fee con¬
ment-owned
government-furnished
tracts,
materials
and
supplies,
working capital, and government-owned plants
operated by private companies. Although funds furnished
other
to the
companies by the government in such forms as
ad¬
payments do appear on the statements of business
concerns and are substantial, sums furnished in these and
vance
other
sheets
ways
are
that do not appear on companies' balance
very
large.
cash balances of business concerns have
greatly increased since 1939, the report stated, "the sig¬
nificant elements in the working
capital position of
manufacturing industry are not the absolute, or the rela¬
tive, increases in cash and current assets since 1939. The
significant aspects are, first, a comparison' of these cur¬
rent assets with the existing current liabilities of com¬
panies, and secondly, ah anlysis of the adequacy of these
current assets to maintain present levels of production
war
and in the post-war period,"
Since
18,817,643
1,042,098,401
79,901,271
2,618,804,746
246,315,690
81,616,848
2,762,577,838
the working
161,158,178
72,759,242
2,116,666,420
is poorer than
78,560,510
19,087,784
2,140,432,189
468,395,208
292,013,451
2,433,692,159
270,840,364
282,063,717
4,578,945,681
123,650,746
27,180,244
2,267,428,765
3,198,450
31,402,899
489,894,449
15,222,555
137,383,069
379,850,324
capital financing industrial production of mid-1943 came
619,860,300
10,920,875
13,114,170
643,895,345
from
455,293,100
■*
current
in_plant and equipment during /the
found that perhaps the greatest source of
is "the fact that the
country has acquired during the war a financial struc¬
strength in the existing situation
body of arrangements and techniques, which has
high levels of produc¬
employment.
The experience which the eco¬
nomy has had with these arrangements will unquestion¬
ably be of the greatest use in finding ways and means to
solve the financial problems that- will develop in the
transition from a war to a peace economy."
ture,
a
been able to finance the present
and
tion
In
addition
to
this
source
of
strength, the ^author
during the war
,
noted the deferred demand accumulated
for many consumer
the government
inherent in
balances
war
and industrial products; the fact that
has assumed many of the inventory risks
production, and the likelihood that cash
of business
fore hostilities
come
concerns
to
an
will
increase further be¬
end.
.
firms, and some industries—notably
aircraft, shipbuilding, and some ordnance lines—clearly
are
faced with most difficult reconversion
problems,
these extreme situations are not typical," the report said.
"The majority of industries and the great bulk of indi¬
vidual companies should be able, so far as can now be
seen, to return to civilian production, at least in a phy¬
sical sense, with considerable speed and facility.
"The reduction in government spending at the end of
the war will, it seems certain, be offset to a considerable
extent by the deferred demand piled up during the war.
some
It is estimatted that this demand will amount to
five billion dollars by mid-1944 and may be
twentyhigher.
The
present volume of saving, currently estimated at the
record-breaking, rate of forty billion dollars per year,
indicates that this deferred demand will be implemented
adequate purchasing power.
by
duction in
And the wartime re¬
and personal debt will further aug¬
willingness and the ability of the public
consumer
ment both the
to
spend."
"The chief weaknesses
in the situation
are
two," the
.
Although
throughout the
deferred
capital in the post-war period, notwithstanding the tre¬
"While
dustry, and of this tremendous total approximately 45%
came from governmental sources. In addition, since 1939
an
estimated twenty-two billion dollars of public and
nished
of
maintenance,
replacements, and betterments at the end of the war will
be very substantial.
This fact, together with the unsat¬
isfied investment demand of companies that have not
been making direct munitions of war—as well as the un¬
satisfied demand of some that have been so engaged—*
indicates that business will require large amounts of
643,895,345
V
num¬
«,
amount
The report
227,244,700
—
1933
1932
1942
was
Treasury's financing operations rather than
in 1941.
large employers of labor, difficulties which these
companies experience in the transition period at the end
of the war may easily exercise an influence on the em¬
very
war."
canadian
Common
V Stocks
Notes *
$907,077,500 ' $130,710,988
110,158,408
913,122,350
219,228,275
2,319,675,200
Years
,
080,868,131, as compared with $1,042,520,276 in 1942, but
less than half the total of $2,618,804,746 reported for
1941.
Of the 1943 total $377,872,345 or 34.9% was for
new
including
Preferred
Bonds and,
Calendar
*
foreign,
and
domestic
1943
concerns.
On the other
mendous investment
Results for the Full Year
funds.
617,987,420
40,673,226
-
own
of this investment has been concen¬
trated within a relatively few industries, even within a
relatively few companies in those industries," the report
said.
"The significance of this fact seems to be twofold.
On the one hand, it suggests that the number of com¬
panies with serious reconversion problems is a very
39,469,665
201,929,609
months—
from business's
186,112,817
October—
Nine
was
115,641,003
133,697,550
401,829,900
195,656,013
251,509,204
by
351,952,885
86,628,380
74,427,157
161,391,300
55,165,000
obligated for the expansion of phy¬
upwards of fifteen billion dollars was pro¬
the government, while the remaining seven
18,527,000
47,069,170
327,402,743
34,264,713
200,055,800
lion dollars spent, or
143,238,764
60,229,326
64,618,000
58,882,086
9^875,000
single buyer).
Turning to the matter of investment in fixed assets,
Professor Abbott estimated that of the twenty-two bil¬
273,561,870
32,719,350
6,018,000
30,436,500
51,453,404
national output going to a
201,922,025
27,509,976
58,600,000
28,445,586
Third, quarter
output under peacetime conditions, when government
purchases have receded to whatever level may prove to
be normal, will require larger amounts of working cap¬
ital funds in the economy than now exist" (with half the
227,012,100
84,754,500
101,714,704
65,040,000
August
compar¬
And further, " there
little doubt that maintenance of current levels of
115,287,655
277,783,033
September
of addi¬
46,549,770
486,497,154
65,579,800
levels
86,634,370
294,863,224
79,311,000
extension
75,609,375
413,763,681
19,174.700
the
or
118,294,420
T,
215,458,248
22 403,704
assets
"The great bulk
263,287,476
July-—
current
net
billion dollars
Total
79,404,976
Six months
t
Capital
150,476,205
quarter-
.
able with that which now exists."
vided
$
158,049,090
85,128,964
18,900,500
39,209,300
7,517,000-
New
S
x■:
38,447,228
2,798.000
business's
—*1941
11,330,000
February—
(Revised to Date)
Total
Refunding
56,943,229
January——..
.
.
seems
sical facilities
MONTHS 1943, 1942 AND 1941
-*1942—
$
'
$
developed since 1939 will be with¬
are ended.
In that event, it
when hostilities
seems
Of the December, 1943
total,:$9,577,189 was:for new money and $7,800,855 was
for refunding purposes.
Below we present a tabulation of figures since" Janu¬
ary,
1941, showing the different monthly amounts of
corporate financing as revised to date. Further revisions
of the 1943 figures will undoubtedly, be necessary from
time to time, particularly as additional private financing
is brought to light in annual reports and other places.
New Capital
Total
Refunding
Capital
of financing
sources
$18,393,308 in December, 1942.
-1943New
It
tional credit—if output is to continue at
-
CORPORATE FIGURES BY
.
altogether likely that some part of these funds
will have to be replaced—either through an increase of
;; Private corporate financing in - December aggregated.
$12,136,500, comprising 12 separate issues, and repre¬
sented 12.5% of that month's total.
This compares with
SUMMARY OF
.
exception of last October) when $10,899,995 was record¬
ed.
This compares with $36,854,360 for November and
1943
December,
.
probable that a considerable portion of the funds
that have flowed into the economy as a result of the new
seems
$9,500,000 or 92.1% in January.
.
"
,
Municipal issues for December footed, up $17,378,044,
the smallest for any month since April, 1933 (with the
the total of .$76,546,000
Of
•
economy
to the exigencies of war.
and
reported for December, 1942.
total: $14,236,721 • or 14.5%
represented new money and $83,128,500 or 85.5% was for
refunding purposes.
The notable issues floated in De¬
cember include: $42,000,000 Utah Power & Light Co;
1st mortgage '.'33/4%bonds dueDec; 1, 1968; $25,000,000
Central Power & Light Co., 1st mortgage bonds, series A
3%%" due Nov. \1, 1973; $4,000,000 Stokely, Brothers &
Co., Inc., 15-year 3V2% sinking fund debentures, due
over
in response
1939
drawn
of $20,819,272
months of 1943 and show an increase
types of financing that have appeared in the
since
000, or 34.3% in March, $4,800,000, or 36.3% in February
favorably with previ-
compare
'
the funds listed under 'governmental sources' represents
liabilities have risen
more
than current assets,
capital position of manufacturing business
before the war, the report said.
"As a
consequence the current ratio has dropped sharply. . . ...
Sound public policy clearly should take account of this
fact, and should not make the mistake of assuming that
business has excess liquid funds."
'The author estimated-that about 45% of the working
,
governmental sources.
"Much the larger part of
report stated. "First; so large a proportion of industry's
output, upwards of 50%, has been going to a single buy¬
er,
that business
the government,
unable
been
to
exercise
ordinary
in
many
business
ways
has
prudence.
Secondly, business as a whole seems not to have been
able to
accumulate
a
sufficient
amount
of
net current
assets to
finance, without government assistance, a level
of output that provides a satisfactory level of employ¬
ment.
-
-''
\ -v
"The first weakness
signifies that governmental poli¬
the
contracts, the relaxation of the controls
on the flow of materials, and the disposal of governmentowned plant, equipment; and commodities, assume'.an
cies and their administration, particularly as regards
termination of
unusual and undue significance."
And in connection with the second element of weak¬
ness
and
the author pointed out that
"the shortage of cash
cash
of business makes particularly formidable both
cash items
resources
relative to the demands upon the
the increased working capital needs which many firms
FINANCIAL CHRONICLE
THE COMMERCIAL &
'
Picher
Eagle
undertake to sup- ■' .
Municipal Financing For 1943
ply their ordinary trade customers in something like
The volume of municipal financing for 1943 continued
normal volume and the many unusual and nonrecurring
in the sharply contracted proportions begun with this
expenditures with which industry will be faced at the
country's entry into the war. This reflects the inability
termination of hostilities and in the transition period."
0f the states and municipalities to obtain priorities for
Professor Abbott noted in connection with the current
materials to be used for improvements, and also the deinterest in inflation that if there should be a substantial
mand of taxpayers that all but the most urgently needed
price rise, "the reduction in purchasing power of indusimprovements be eliminated or postponed. Total mutry's net current assets that would result . . . nowith- . nicipal financing for 1943 aggregated $435,223,191, distanding enhanced inventory values, would make much
vided $175,741,335 for new money and $259,481,836 for
more
difficult the continued financing of the present
refunding purposes. These figures compare with a total
level of output.
It is doubtful if in recent discus0f $523,704,607 for 1942, of which $342,440,313 representsions regarding the effects of changing price levels suffiecj new money and $181,264,294 was for refunding. Becient attention has been paid to
theeffects_sucb
low we present a tabulation of municipal financing, by
might have on the net current assets of business, and, as
.
Firth
employment."
production and
SUMMARY
months since January, 1941.
;
New
''
Refunding
Capital
ft
10 666 000
March
in
April,—
:
11
Idaho
49 616,172
24
12'616'000
814*232
22,647,568
36,473,632
21,804,016
.51,744,550
22,943,577
40^753^349
031*568
V^q.400
50,947,363
;
"266,210,667"
151,193,581
115,017,086
Total 6 months-.-——
27,085,328
7,957,797
7,854,521
14,765,923
;
due
32,394,124
17,628,201
42 154 500
g'585'487 '
y
fiSmber*'"-"""
21W0OO
49,492,261 ft
28,167,487
44,532,810
16,639,167
582
10 080,800
20,530,382
11 225 800
16,589,990
25,710,689
2l'410060
15,*4441300
36,854,360
7,224,693
12,365,191
9,791,610
17,378,044 ft 9,354,511
100,974,538
110,525,625
9,038,797
20,775,750
51,351,171
'
108,288,255
169,012,524
114,186,646
77,007,816
191,194,462
196,493,619
"259,481,836
435,223,191
342,440,313
181,264,294
523,704,607
518,105,273
'' '
Total
12
60,724,269
months-—J- '175,741,355
■
Large
the Year 1943
Domestic Corporate Issues During
the principal issues
Below we list
1943, giving at the same time
during the year
20,000,000 (P.) Uorillard Co. 20-year 3% debs., due Oct.
y
(refunding, $5,209,600; payment of book loans,
of securities placed
(in paren¬
15,000,000 Delaware
JANUARY^
2Va fe- serial
new capital
$7 500,000 International Minerals & Chemicals Corp.,
■ft"'debs., due July
1, 1943-47 (refunding and
ft'
/ft/ftft
1
'
-
v'y-v;;
-
■
,;.::v '^ft/7/-^
MARCH
Co., Inc., 3% sinking fund debentures,
1, 1965 (general corporate purposes).
Dec.
due
7,500,000 Atlanta Gas Light
1963 (refunding).
„
.
:y; y
■
1963
26,222,805 Dow
tive
:
:
Co.
r.
RR.: 3 xk % secured serial notes, maturing
15,,; 1944-53 trefunding), i ftl
X
serially
'
,rt,
APRIL
series, due
WM-y-'•MAY
series
E
ft/
.
equipment).
1
-
-
(equipment
tificates
,
of
chase
'
:
1%$ serial equipment trust cerof 1943), due 1944-53 (purf
'''"/ft
equipment).
new
"
"
ft
mortbonds, series "D," due July 1, 1968 (refund-,
28,483,000 Pennsylvania Ohio & Detroit RR. 1st and refunding
ft/ft//': ing)Pacific
18,000,000 Canadian
dated
April
months
1943,
1,
10 years
for
3%
Ry.
certificates
trust
equipment
each
$900,000
maturing serially
(refunding).
six
10,000,000 Panhandle Eastern Pipe Line Co. 10-year 2%% deben¬
tures, due June 15, 1953 (construction, etc.).<
.'/ft.
10,000,000 Kclsey-Hayes
1948
Wheel
for
provide
(to
Co. 5-year 3%
working funds).
loan
due
1,
May
Creamery Co., 91,317 shares of $4.25 cumula¬
tive preferred stock of no par value (refunding).
9,359,993 Beatrice
,
ft/ft'/Hft■•■/ft' vy-jcly
Gas Co. 1st mtge. 35/a%
(refunding).
20,000,000 South Carolina Electric &
due
1,
July
15,000,000 Armour
1973
Co.
&
(Del.)
3%
5-year
bonds,
(refunding).
notes
.prior
of
constituent
company.)
;;>y
8,000,000 Warner Brothers Pictures,
Inc., 4%
serial debentures,
due semi-annually Dec. 1, 1949-June 1, 1953 (refunding).
AUGUST
series
C
20,000,000 United
due
Indiana
3Vs%,
Drug
Aug,
1,
Public
due
Co.
1958
...
Aug.
1973
1,
3XA%
15-year
Co.
1st
mtge.
bonds,
(refunding).
sinking
fund
debentures,
(refunding).
10,000,000 United Drug Co., 100,000 shares of $4.75 cumulative pre¬
ferred
stock
(par
$100)
(refunding),
West
Texas
Utilities
Co,
mtge.
bonds,
series A 3 Vb7f
,
due
Power
1973
&
Light
Co.
1st
bonds,
3 'A
(acquisition of properties, $1,000,000;
series,
refunding,
clue
June
Roiling
1,
1358
Mill
Co.
312 '7c
(refunding).
Aug.
1,
debentures,
series
Mt,
.
•-
1958, $1,000,000
-'(-ftft5-year
notes,
serially
due
to
Oct.
Co.,
15-year
/■ ;>>.■
1st
mtge.
4ftft
3ft
bonds,
Aug,
ft
bonds,
.
&
$1,500,000
■■/.://(/
;
Inc.,
(July).
($1
par)
stock,
common
-
Valley Gas Co.,
ft
1st mtge.
bonds, series B,
-
,
.
United
Specialties Co.,
1943,
series, due 1973
bonds, 3 '/efc
,
-
(Dec,)/ V/ftyft:/" //: ' .ft. ■ . /
/■ ft;-ftft/;-.
/ft;;
;/,ftftftftV;;ft■/:: ft. :
Superior Water, Light & Power Co., 1st mtge. bonds, 3% ft series, due
1973, $2,500,000 (April),
■'
due
March
ally Dec. 1,
3%%: bonds,
1st mtge.
1963,
Gas
3ck
bonds,
y .< ;
Electric Co. 1st
&
30,
1953,
$350,000
Pictures, Inc., 4%
(March).
Co.
mtge. 3% 7o
bonds,
bonds,
mtge.
PRIVATE
(refunding).
1942-_Number
-
.-
1941—Number
and amount involved in
sold
total volume..
of
of
issues..^.
1940—Number
total
of
1939—Number
Volume
Percent
1938—Number
of
volume..
36.6%
1937—Number
total
in
total
and
compares
of
is made
detailed
and public issues in
of the capital flotations.
It
ought also to be made clear,, to avoid any misunder¬
standing of the figures, that the compilation is only of
or
short term bank loans.
Following is a list of all private issues which we have
reported during the year 1943, together with a summary
of the figures for the past several years:
Mill Co., 3 Vz
debentures, series G, due June 1,
1958, $10,000,000 (Sept.),
'
yy;,;
Ampat Inc., 10-year loan, $1,750,000 (Sept.).
Apex Smelting Co., 10-year loan, $400,000 (Dec.).
Arkansas
Louisiana Gas Co.
1st; mtge. bonds, 3Vtfo
series D, due
$1,500,000
of
of
total
of
volume..
(Sept.).
'
Power
$650,000
(Dec.).
Vermont
Colorado
1,
Public
1973,
Milling &
due Aug.
Service
S500,000
Eldvator Co.,
Co.,
$14,000,000
Corp.,-1st mtge. 2xk'/i.
Inc.,
3ft-
(March).
bonds, series C,
(Dec.).
15, 1948, $3,000,000
Can
71
137
$309,980,000 $418,577,500 $728,557,500
30.7
35,3
33.2
127
76
51
issues
$229,828,780 $450,683,000 $680,511,780
of
total
of
volume..,
33.8
issues..
64.
31.8
30.8
.
117
53
—$305,991,000 $150,311,094 $456,302,094
of
total
voluiye./
23.3
-;-,/.■ 17.1
ft;/,
18.7
Intermediate
Credit
Banks
and
also
a
small
by the Joint Stock Land Banks.
Foreign Issues Placed in the United States
Following we present our usual annual summary of
foreign security issues placed in the United States by
both corporations and governmental bodies. Two issues
of this character were placed in 1943, consisting of $90,000,000 Government of the Dominion of Canada bonds
and $18,000,000 Canadian
Pacific Railway 3% equip¬
ments.
With the exception of a $4,000,000 issue for the
Republic of Panama in 1941, these were the only other
foreign issues sold in the United States since the out¬
3ft
(June).
Dec.
-
30.2
j
$500,000
Pacific Ry.,
66
issues........
....—
30.6
1941, an amount exceeded in only one other year,
1939, when issues totaling $2,461,560,325 were brought
ft -; ftftft / ■..
/ft'' -•/"■.■
ft y; /.../..-
Co., 1st mtge. bonds, IVi'/o series C, due
(Sept.).
Armour & Co. (Del.), 5-year 3ft" notes, $15,000,000
(July).
Baker Hotel of Dallas Inc.,-1st, mtge. 4ft
bonds, due serially to Aug.
1, 1963, $1,925,000 (July).
(Edward, G. ) Budd Manufacturing Co., sinking fund loan (average)
interest rate 4y-jft) due Feb. 1, 1948, $12,000,000 (March),
Burger Brewing Co.,
1st mtge. 4, .414, 41/2ft
bonds, due serially,
Louisiana
157'
...:92
29.6
volume..
out.
Rolling
1945-1947,
65
issues________
in
37c debentures, due 1963, $84,000,000
(Nov.).
American
215
agencies to be taken care of, during the emergency at
least, by direct United States Treasury issues instead of
by the sale of their own guaranteed obligations.
The total volume brought out during 1943 by entities
grouped under this classification aggregated $622,095,000
as compared with
$548,240,000 in 1942 and $1,969,030,000
does not include either long term
security issues and
87 ft
128
Financing by
government agencies, which in the past decade reached
huge proportions, disappeared altogether since October,
1941, as a new policy put into effect by the Treasury
at that time provides for the monetary needs of these
amount
between private
compilation
41.6
64.4
31.2
■
Farm Loan and Government Agencies
Federal
purchasordinarily insurance companies and banks. No dis¬
rectly by negotiation to a relatively few large
tinction
22.2
27.4
.25.2
38 " ' '
55
93
$223,269,700 $210,664,850 $433,934,550
Financing in this classification consisted solely of the
sales, it might be well to explain, comprise
those securities issues not publicly offered but sold di¬
ers^
55
272,897,500
-
t
Private
our
Total Year
30
180,977,500
"
ft
'
1938 and 18.7% in 1937.
Percent
Last 6 Mos.
ft
_—...—$326,959,904 $507,580,385 $834,540,289
Volume
with 41.6% in 1942,
1941, 30.2% in 1940, 33.2% in 1939, 31.8% in;
the
of
25
$538,562,300 $418,775,000 $957,337,300
volume... r :
38.0
ft34.8
36.6
Volume
Percent
FINANCING
First 6 Mos.
issues
—
'ftftfftft Percent of total
place¬
-
■
series B 4ft, due June 1, 1963,
$91,920,000
Volume
1943
due
'
ref. mtge. bonds, 3%ft series, due
ft
//.- ^-ft■
ft
Volume
Percent
of security issues placed
1
(April).
CORPORATE
issues
of
Percent of
ft
series A,
-..ft:';
ft"'
Volume
1st
"
serial debentures, due semi- annu¬
(Nov.),
1943—Number
due;
,
-
/
-
1st
'
.;,
1953, $8,000,000 (July).
lst mtge. bonds,
(refunding).y-y
series, due 1973
ft
Power Co.,
$600,000
mtge. & coir-
sinking fund debentures,
4ft
10-year 1st mtge. 4'Aft, bonds Hated March 30,
1949-June 1,
$4,750,000
West Coast
in any year since we started com¬
1965,
-
Valley
of issues
number
Continental
$16,000,000).
10,000,000 American
due
Light & Power Co.,
1958, $1,000,000 (April).
"
1963 (refunding).,
ments of this nature
due
mtge.
bonds,
Washington RR., gen.; mtge.
1/ 1978, $12,929,000 (Oct.).
(Dec.).
Volume
Central
due.Aug. 1. 1973 (refunding).
17,000,000 Iowa
3ft ft
Superior Water,
equip, trust certificates, dated April 1, 1943/
maturing serially $900,000 each six months for 10 years, $18,000,000
1st
mtge.
Signode Steel Strapping Co,, 3ft
and : 3% ft
serial debentures, due
July 1, 1943-1953, $1,000,000 (Jan.).
'
Southern Ry., 4ft equip, trust ctfs., series FF (subordinated), $946,000
privately shows
that 55 issues of this character aggregating $272,897,500
were
sold during 1943.
This is the smallest both in
record
1944-1956,
SEPTEMBER
1,
ft
notes, due Nov. 30,
-ft.
,
:ft-
Private Sales of Securities for the Year
Our
Canadian
18,000,000
Baltimore
Percent
Arkansas
Service
lst
Washington (D. C.) Gas Light Co.,
Power & Light Co.
1, 1968 (refunding).
capital).
1948-1953,
//V/-'
4,500,000 Northern
1,
Electric Co., 2ftft
(Sept.).
ft
Warner Brothers
Aluminum Co. of America, 20-year
Century-Fox Film Corp., 100,000 shares $4.50
preferred stock (no par).
(Acquisition of control
10,000,000 Twentieth
ft
Aug.
ft*!?;-/
j.•
Co.,
(Dec.),
mtge.
Brothers & Co., Inc., 15-year 2xk('C sinking fund
debentures,
due Dec. 1,
1958
(refunding and working
•
25.2%
& Co. of Delaware 7#> cumulative income de/ft/ftftft bentures (subordinated) due April 1, 1978 (refunding).
3%%
.
piling these figures separately in 1937. The 1943 total
of issues placed through the private route amounted to
'
35,000,000 Armour
gage
due
•
&
due
Grande
Stokely
.
trust
JUNE
ft>-' "ft/
of $4 cumula-
debentures, due
20-year 3%
America
of
25,000,000 Central Power & Light
3'/8% ,due Nov. 1, 1973
•
notes
5,200,000 Chesapeake & Ohio Ry.
/
42,000,000 Utah
: ftft;.
and provide working capital).
5,300,000 New York Central RR. 2% equipment trust certificates
(equipment trust of 1943), due 1944-53 (purchase of new
•,
;
4,000,000
15-year 3% debentures, due 1958
Morrell & Co.,
bank
bonds,
4ft, due 1961,
$87,000 (July».
.
•'
-ft
Rockland Gas Co,, 4 ft .ft bonds, series A, due March 1, 1963, $%00,000
(July).
'
ft.;
Seiberiing Rubber Co., 15-year 4ft sinking fund debentures, $1,500,000
'
lateral trust
(
of Indiana, Inc., 1st mortgage bonds,
3xA'/o, due May 1, 1973 (refunding)'.
7,500,000 (John)
ftft/ft.. /
Rio
Service Co.
38,000,000 Public
(pay
,
Dec.
subsidiary and other corporate purposes).".,
■■
3ft %
Co.,
Service
Telephone
$2,645,000
1st mtge. bonds, 3 % series, due
Co. 1st mtge.
due Nov. I,
.
•
5,000,000 Eagle-Picher Lead Co. 15-year 2xk% sinking fund deben¬
tures, due Nov. 30, 1957 (prepayment of bank loans of
ft./ft /7/ft"
Aug.
mtge.
y:;y;;DECEMBER
1st mortgage bonds, 2f/o
20,000,000 Wilson & Co., Inc.,
1958
(refunding).
•\
bonds, 4'A cfo
Co.
Charlotte Air Line Ry.
&
11,300,000 Blackstone
.
52,000,000 Puget Sound Power & Light Co. 1st mortgage
series, due Dec. 1, 1972 (refunding).
due
lst
debenture notes, $750,000 (April).
Purity Bakeries Corp., 10-year 3ft unsecured note, $3,900,000 (Aug.)
Railway Equipment & Realty Co., Ltd., Jst mtge. serial (3ft-4Vift )
working capital).
15,000,000 Atlanta
March
...
E,
Rico
Prosperity
banks' loans. and for working capital).
y
Chemical Co., 309,741 shares of $4 dividend cumula¬
preferred stock, series A (no par) (refunding; and
■
r
;
bonds,
(Dec.).
(April), ■//•'■:./:
(repay
18,000,000 Idaho Power
'
(refunding).
standing loans and provide
10,000,000 Erie
(fourth series),
ft*
3'/4ft
Co., 10-year 1st (closed) mtge. 4ftft bonds, dated
due April 1, 1953, $1,000,000 (April).
Co., 3'Aft: debentures, due Feb. 1, 1958, $1,500,000
Penick
series
NOVEMBER
-
.
84,000,000 Aluminum
y
interest rate 4x/\'!o ), due
(average
„
Budd Manufacturing Co. sinking fund loan
Feb. 1, 1948 (retire out¬
working capital).
G.)
12,000,000 (Edward
-//;
Can
Continental
serial notes
-v
mtge.
Co.,
Co., 3ftft
:vft.;ftft.ft
Philadelphia,
trust ctfs., series W,
equipment, refinance
12,929,000 Philadelphia, Baltimore & Washington RR. gen.
,■
2<k bonds, series E. due Oct. 1, 1978 (refunding).
20 500 000
14 000,000
.
(Dec.).
Water
(April)../
,/
15,000,000 McKesson & Robbins, Inc., 150,000 shares
tive preferred stock (na par) (refunding).
.
Public Service Co. of New Hampshire 1st mortgage bonds,
series A, 3 XA%, due ,1973 (refunding, reimburse treasury
ft/ft for capital expenditures and other corporate purposes).
Co- lst
/ ft v
1973.
'
ft-/ft /ftft
equip, trust certifs., series N,
(purchase pf equipment).
r
■
:£.
■ '/ft/
FEBRUARY
;
<
6,450,000 Pennsylvania RR.
due serially 1944-58
Service
due Aug. 1,
& coll. trust kzp bonds,Manufacturing 1944-1958, $4,000,000
Rheem
Co. (230,000 shares)
Co. 1st mtge.
(refunding),
15,000,000 Illinois Central RR. Vk %
equip,
due
serially
1944-1951
(pay
for
loans)/ y ■; -..fyy':y:
,
purposes).
•■■
&, Light
Power
bonds, 3e/o series, due 1973
"
.
Light Co., 3ft
1958.
1,
(average interest rate
annually for 10 years,
due $525,000
'ft-.-
$758,000 (June),
1,
Sept.
.
notes
serial
Feb.
due
Appliance
B.)
Porto
1967,
1948, $10,000,000
'
;;
v
27, 1948, $500,000
bonds; 3 Va %
• L' ' .
mtge,
1st
■
Edison
1958,
$650,000
Pennsylvania
'
16,000,000 California' Electric
Power Co.
series, due 1968 (refunding).
Co.,
1943,
-.
&
Gas
April 1, 1943,
(S.
"
of the issue:
theses) the purpose
1,
$380,000
Parker
1, 1963
$14,790,-
'
400).
Aug.
(Dec.).
';y'y;yy;;
■
October
■■^ -
.,
Line
Pacolet Manufacturing
61,257,542
151,366,015 347,859,634
434,509,900 952,615,173
.
.
Septal,
due
bonds,
ft-:.
Pipe
(Aug.).
City
18,393,308 > 42,823,024 - 18,434,518
7,800,855
due
loan, due May 1,
;
.
mtge. "3ft ft"
1st
,
30,575,421
: 17,016,303
Co.,
$165,500 (Dec.).
City Sewer Service
1943,
64,652,526
69,817,163
;
,
Water
1943,
:-v: ./
• ■
15-year '2 ft ft.- notes,
"ft
Co.,
Service
31,
May
Ocean
due 1953, $250,/
notes,
'■■/■-,
bonds,
mtge.
(Dec.).
Bedford
due
1968,
Secember-IIIII-II9,577,189;
months—
New
14,550,011 ft 55,607,629
11,546,932
45,173,603
35,414,501
50,644,303
Electric
Public
41,057,618
33,626,671
29,238,025
19,172,860
...-/:ft
1st
'
$5,250,000
ft.
85,091,518
283,143,885 604,755,539
1955.
$18,000,000
'ft;
-.•■■■■
3ft
Corp.,
$2,500,000 (Feb.).
25,815,372
April,
1973,
(Jan.).
&
$300,000
due
;•
due
Chemical
/•'•
■■-:
ft Missouri-Kansas
ft
3%ft), dated
179,648,561
38,075,880
/.ft-
bonds,
,
series,
July
due
Telephone
Gas
23,195,332
6,556,165
10,724,776
5 364 190
6
(June).
47,317,82947,195,810
36,593,053
2,663,000
10*449
~
332,510,145
104,256.478
228,253,667
&
3 ft ft
Corp./ serial debentures ($3 000 000
1, 1943-1947; $3,000,000 4ft debentures
$1,500,000 4ft debentures, due 1953-1956), $7 500 000
■■!;.• v./ft/
ft-•//•:■;:/ft.
; ft
1948-1952;
000
63,645,197
64,870,100
39,934,622
73,866,975
-
ft Iowa. Continental Telephone Co., 10-year 5 ft ft
ft
92,973,041
59,276,146
321,611,654
bonds,
'ftvft
Minerals
debentures,
ft-,;/ (Jan.)/
y Total
86,675,520-
.
1st nitge.
Co.,
(Nov.).
2 ft ft
;
Lynn
61,039,916
36,658,650 -
48,889,344
59,702,347
30,798,098
7 337 761
———
Total
Power
International
■ft
•,
: •
(June).
40,410,022
23,235,175
37,551,400 ft 27,318,700
35,565,875 / 119,523,451
11,027,034
41,202,781
83,957,576
30,175,747
914500
'
10,' 194^014
June
49,289,682
57,236,250
45 429 500
3 860 182
46 570 250
..W'".
Corp.,. equipment trust certificates,
1943-May 1, 1953, $520,000>(May).
;
dated Jan. 16, 1943, due Dec. 31,
Co., Inci, 1st. mtge.. 12-year 5ft
(May)/--ft : ■..'•) ,;f.
f
&
Hoe
$1,250,000
Maine
~
1,
notes,
(June).
(R.)
'
--
(Feb.).
(P. H.) Glatfelter Co.-, 3Vz%. sinking fund mtge. loan, ,due Aug. 1,
1958, $500,000 (Aug.).
■"
Hingham Water Co., 3 ft, ft 20-year notes, due June L 1963, $450 000
'
February
Nov.
Kelsey-Hayes Wheel Co., 5-year 3ft
Refunding
due
.
$1,000,000
ft;
-
New Capital
Total
debentures,^
fund
•
Transportation
serially
due
Inc., 2%'ft
1967, $1,300,000 (Feb.).
1941
Refunding
New Capital
Total
37,
Bros.,
$1,000,000
1
Co.,- 15-year'.sinking
$5,000,000 (April).
Steel Co., 4ft serial debentures,
American
series
Gimbel
.
—1942—
F
Lead
1957,
Jamestown
BY MONTHS (AS REVISED),
MUNICIPAL FIGURES
OF
V;-;/
30,
Sterling
General
.
.
consequence, on
a
Nov.
experience when they once more
will
Monday, January 17, 1944
'
.
break
past decade or so, foreign issues have been of
only modest size, but in the period 1924 to 1930 inclusive,;
a
15-year 4ft' sinking fund" debentures,
'
sinkjng fund debentures, due Dec.
(Dec.).
1,
really important volume of financing was undertaken;
here
those
.
•Dayton Rubber Manufacturing Co., 15-year 4ft
1, 1958, $2,050,000 (March),
/'
debentures, due March
'
;
,
-
"
-
o| the war in September, 1939.
In the
sues
by foreign municipal and corporate entities.
In
seven years an aggregate of $9,119,0.51,306 such is¬
were floated, while from 1919 to date the grand
total has been
$13,096,973,513,
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4247
159
Following is
a
Date
of the yearly figures since
summary
1919:
;
,
Calendar Years—
New Capital
$90,000,000
1942
7 42"l"8 75
—,
,
1941-
;
1940,,
:
_!•
421,875
July 22
.
87,750,000
July 22
40,000,000
219,000,000
1936—-——^
65,062,500
222,250,000
156,500,000'
23,000,000
1935—
*
-
61,200,000
61,600,000
1933———
133,332
.
1931——,
r
——
253,722,000
1,009,213,390
——
1929
1928
1925,_
i
;
1,086,160,500
1924
'996,570,320
•
248,225,445
-
'
1923
;
'
It
happens
occasion that
on
Sep
11 mths.
; S 9-0 2
4,120,000,000
5,260,000,000
3,777,000,000
4,120 000,000
5,260 ,000,000 100
3,777 000,000 100
1,926,566,119
a
1,926 566,119
99 365,500 100
2,259 996,000 100
S9-0 2
Sep
for
1 10-12
September
r
Stock
Exchange,
Oct
8
Oct
14
91
15
Oct
21
22
Oct 428
91 days
6
Oct, 15
ll'/a
Oct
' 6
Oct, 15
11 ¥2 ms.
Oct
6
Sep 15 21-26
Oct
6
Sep
15
8-10 yrs,
Jan.
6
Sep
15
8-10 yrs.
110-12 yrs.
York
Curb
and
12 years
January
.U-
s
5.215,128
8,241,790
7,798,682
3,294,562
8,630,596
February
March
14,726,274
22,145,2015,953,125
June
13,570,162
82,102,729
•:
279,655'
7,590,999
10,080,151
"
16,782,675
29,858,878
October
5,948,598
11,885,555
—
5,494,001
November
—
31,149,987
December
—
21,041,519
Total cal. yr.
99.905
*0.375
1,000,798,000
1,008,064,000
1,578,537,000
1,963,427,000
57,687,000
99.905
*0.375
99.905
25,487,816
yrs.
days
days
debt
footed
up
707,380,560.15
Nov
for
26
90 days
Dec
3
Dec
10
Dec
We give below our
UNITED
STATES
TREASURY
16
; 91
,
Due
Applied for
.'■•.■'■
Total
for
six
$
months—
'
30
July
7
.1,175,078,000
92 days
92 days
July 12 4 yr.2 mo,
19543,543,500
July 14
July 23
July 28
Jun
27
July 21
July 1-30 July
July 1-30 July
July 1-30 July
Total
for
1
.
10-12 yrs.
12 years
2 years
99.905
•0.375
1,004,665,000
99.906
5)9.905
*0.376
99.906
798,147,941
a
♦0.376
a
■,
303,000,000
b
v
91
99.905
*0.375
1,011,452,000
99.905
1,814,954,000
1,000,179,000
99.905
Dec
23
days
1,791,197,000
1,771,559,000
99.905
326,349,000
516,085,000
U89,736,000
134,224,000
11,070,000
123,154,000
162,224,000
September—
•.
11,070,000
151,154,000
28,000,000
—
—__—.
Total for October——.
Nov
22
1
1-year
3,539,755,000
3,539,755,000
Dec
1-31
Dec
a
a
1-31
Dec
853,021,663
7,169,000
853,021,663
Dec
7,169,000
100
2
Dec
1-31
Dec
436,812,300
436,812,300
100
b
Dec
Certificates
287,915,000
11,118,000
121,430,000
420,548,000
11,203,000
409,345,000
39,000,000
Notes
V.
95,000
38,905,000
11,085,000
397,624,000
1 10-12 yrs,
12 years
2 years
*0.375
100
Total
386,539,000
December—
436,624,000
11,180,000
425,444,000
Total for twelve months
9,378,347,000
5,706,914,000
3,671,433,000
December—
9,870,727,963
———
for
%
*Comprise
Total
for
twelve
♦Average rate
rate
series,v of
bank discount basis,
a
which
.
discount basis at 75,
ity,
are sold on a
have
12-year
a
series
E
A-1945
and
inated
tax
series
June
maturity,
are
series
sold
issues,
B-1943,
C-1945,'
Series
at
sold
are
about
214%
series
1943.
on
a
Service
Retirement
System,
Below
tions
kind
and
certificates
notes;
Fund,
Government
give complete details of the capital flota¬
December including every issue of any
brought out in that month.
we
during
Details Of New Capital Flotations
of tax
B-1944,
series
a
1.92%
certificates
and Unemployed Trust Fund,
Age and Survivors Insurance Trust Account,
Federal Old
interest.
series
year,
and series C, about 1.07%. Sales of tax series
22,
sepa-
12-year matur¬
Treasury notes
A-1944,
earn
bear
to
Canal Zone Retirement Fund,
2.53%; and series G
and
designated
series
A
100,
a
series
notes
Foreign Service Retirement
Fund,
Alaska Railroad Retirement Fund, Postal
Life Insurance Fund, National Service
Life
Insurance
Fund, Federal Deposit Insurance Corporation, and
Federal Savings & Loan Insurance Corporation.
tNet retired.
j
Comprised of three
series F have
discount basis,,at 74, and yield
maturity,
B, about 0.48%
a
10-year
and yield 2.90%;
bComprised of,six separate
series, A-1943,
have
special
to Adjusted Service Certificates Fund
and
months——. ——115,450,188,168
on
sales of
sold
•'
Savings
■
85,000
132,548,000
November—_J_
for
'
288,000,000
—
—_—
Civil
for
Total
;
28,000,000
November—
*0.375
A term¬
During December, 1943
Long-Term Bonds and Notes (Issues Maturing Later Than
^■
:
USE
Security
Type of
Five
OF FUNDS
Accepted
W
Refunding
v Total Amount
-
'
Indebtedness
New
Years)
RAILROADS
0.85%
to
Ohio RR. 3% equipment trust certificates,
semi-annually May 1, 1944-May 1, 1953.
of equipment.
Priced to yield from
2.85%
for the
1944-1950
maturities arid
at
197,040,000
100.25
to
100.75
Halsey,
$
;v
for
six
months-.
$3,097,000 Baltimore
series
49,746,876,044 19,101,944,000 30,644,932,044
July .7
92 day Treas. bills
14
July
July 21
92 day Treas.
92 day Treas.
bills
bills
July 28
92 day Treas,
bills
July 12
Treasury
1
Depositary
Tax
Bonds-
Antic'n
Total
for
804,717,COO
1.000, 411,000
803,925,000
905,584,000
901,753,000
98,212,000
1.002, 819,000
Notes
July————
Kebbon,
889,690,821
13,588,000
414,,032,550
414,032,550
8,033,355,371
3,415,979,000
4,617,376,371
92 day Treas. bills
92 day Treas; bills
901,706,000
99,852,000
bills
1,005 236,000
S.
bills
1,002 333,000
906,813,000
905,310,000
Aug
2
Ctfs.
of
2
Ctfs.
of, indebted—
1
U. S.
Savings
indebted—.
Bds.
Aug
Depositary Bonds
Aug
Tax
Total
for
Antic'n
August
Ry. 4%
equipment trust certificates, series
(subordinated).
Purchased from, the Reconstruction
■y;Yv.
213 ,470,400
1,008, 342,000
bills
1.005, 381,000
1,006 ,051,000
1.002, 901,000
1,005 ,718,000
ctfs. of indeb.
4,120. 000,000
__
5,260, 000,000
—
3,777, 000,000
5,260,000,000
3,777,000,000
Savings Bds.
1,926, 566,119
1,926,566,119
99 365,500
99,365,500
Sep
15
U. S.
Depositary Bonds
7
Oct
Oct
for
14
21
_
Tax Antic'n Notes/
2,259, 996,000
day
Treas.
bills
1,006,931,000
1,003,063,000
day Treas.
bills
1,004,964,000
1,001,159,000
91
day Treas.
bills
1,000,798,000
28
91
day Treas. bills
1,008,064,000
1,003,709,000
1,002,819,000
15
Ctfs.
of
indebted—
1,578,537,000
of
indebted.i_
1,963,427,000
Ctfs.
15
15
15
Treasury Bonds
Treasury Bonds
Treasury Bonds
1
S.
__
57,687,000
—.
__
1,127,794,000
Savings Bds.
Oct
Depositary Bonds
Oct
Tax Antic'n Notes-
_
for
*0.374
Nov.
5
91
day Treas. bills
1,002,628,000
1,005,832,000
12
90
day Treas. bills
1,004,665,000
994,658,000
1,002,819,000
99.904
*0.374
&
&
Co.;
S.
1,005,344,000
1,002,333,000
18
91
day Treas. bills
1,001,415,000
Nov
26
90
day Treas. bills
1,008,704,000
Nov
1
U.
S.
13,585,000 100
2
Nov
Depositary
414,032,550 100
b
Nov
Tax
Total
Savings Bds.
Bonds-
Antic'n
Notes
798,147,941
798,147,941
8,289,500
8,289,500
330,199,000
330,199,000
November—
5,154,048,441
4,008,167,000
&
Co.;
Weeden
Co.;
Moore,
Nashville
Leonard
Securs,
&
Co.;
Lynch;
Peters,
Co.;
Robinson-Humphrey
Inc.;
WachobAlmstedt Brothers; Arnhold and S. BleichMahan, Dittmar & Co.; Mar¬
& Corbett,'Inc.;
I.
Co.;
Russ
&
Yantis
M.
Co.;
Co.,
Vermont
prior
Price,
Simon
Alfred O'Gara & Co.; George
& Co.; Wm. R. Staats Co.;
Dabney & Tyson; White-.
City Securities
105
lien
and
Thomas
& Co.;
Weil
& Arnold,
and
Inc.
Public
due Dec.
stock
of
interest.
(Continued
on
Service
1,
1973.
Twin
Corp.
1st mtge, 3Vi%
Purpose, pay holders of
State
Placed
page
Gas
&
Electric
Co.
privately.
256)
In the comprehensive tables on the
we
succeeding pages
the December and the 12 months' figures
those for the corresponding periods in the four
compare
with
for
Tully
Bioren & Co,;
bonds, series C,
10,007,000
13,929,000
6,371,000
Nov
Mitchum,
Inc.;
Hill & Co.; Janney & Co.; Mason, Moran & Co.; Metro¬
politan St. Louis Company;, Murphey, Favre & Co.; Newburger &
Hano;
Park-Shaughnessy
&
Co.;
Patterson,
Copeland & Kendall, Inc.; Quail & Co.; Daniel F. Rice
7%
iy2
&
Ross
& Co.;
Christensen,
Corp.;
Rotan
F.
*0.375
a
Co.;
E. W. Thomas & Co.;
Corp./Coburn & Middlebrook; Courts & Co.; J. M, Dain
& Co.; Francis I. duPont & Co.;
Farwell, Chapman &
Co.r Ferris .Exnicios & Co., Inc.; First Cleveland Corp.;
t3,204,000
Nov
&
Inc.;
Co.,
Inc.; Wurts, Dulles & Co/
Wheelock
&
Cummins, Inc.; Atkinson, Jones & Co.; Bankers Bond Co.;
5,413,612,750
*0.374
Haupt
Co.,
Phillips
v..
99.905
Ira
Emerich & Co.,
Barrow, Leary & Co.; Burns, Potter & Co.;
460,690,000
7,159,658,000
Co.;
Mather
Morris
Co.;
V.
1,708,163,250
30,208,500
October—12,573,270,750
Inc.; Gregory & Son, Inc.; Hirsch,
Blair, Bonner & Co.; Coliu & Torrey;
R. S. Dickson & Co.,
Inc.; Heller, Bruce & Co.; Kalman & Co., Inc.; A. M.
Kidder & Co.; Laird, Bissell & Meeds; A. E. Masten &
tin, Burns
1,127,794,000
30,208,500
&
Price, 99V2 and
Iric.; A. C. Allyn
Otis
Wertheim & Co.; Bear,
Baker, Weeks & Harden;
Co.;
&
Co.,
Walter Stokes & Co.; Townsend,
5,245,000
460,690,000
Fenn
&
Lazard Freres & Co.;
Inc.;
Sons,
Co.;
roeder, Inc.;
1,626,007,000
1,708,163,250
Yield
&
Ames,
Bender
1
57,687,000
Co,;
Stuart
Burr & Co., Inc.;
Co.;
&
refunding.
Purpose,
Halsey,
Singer, Deane & Scribner; Stein Bros. & Boyce;
1
3,868,000
3,805,000
1,963,427^000
by
Phelps,
Writer
t2,911,000
;
1973.
Blair & Co.,
Flsk
Mullaney,
1,578,537,000
1,626,007,000
&
1
2,259,996,000
91
U.
'
4,825,939,000 17,640,404,619
15
1,
Ranson-Davidson
7,853,000
September——22,466,343,619
91
.
Co.;
Cooley
4,120,000,000
Treasury Bonds
Treasury Bonds
■
Offered
Lilienthal
2,817,000
15
Oct
&
670,000
bills
Sep
Oct
placed privately.
•
Co., Inc.;
Harvey
96,224,000
,689,000
1,000 ,489,000
%%
Nov.
int.
&
96,887,000
908
15
Oct
FF
Fi103.89
at
$25,000,000 Central Power & Light Co. 1st mtge. bonds, series A, 3Va%
Stearns
904 ,992,000
Sep
Total
& Redpath
Parker
PUBLIC UTILITIES
22,235,000
213,470,400
1.004, 913,000
91 day Treas.
91 day Treas.
;
Auchincloss,
by
and
-v
due
22 ,235,000
1.001, 879,000
23
1
int.
$4,043,000
2,425,749,980
30
,
989,000,000
5,179,816,000
Sep
Sep
Corp.
nance
801/732^580
day Treas. bills
day Treas. bills
91 day Treas. bills
Sep
by
Allyn
Inc.
Co.,
*946,000 Southern
1,559,000^000
801 732,580
7^,565,980
—
Sep
Sep ;
_
Notes
989 ,000,000
1,559 ,000,000
91
Sep'16
Offered
Inc.; A. C.
97,023,000
91
Sep
2
Sep; 9
Co.,
Alfred O'Gara & Co.; Singer,
Stix & Co.; Walter Stokes & Co,, and
Scribner;
Yentis &
98,423,000
92 day Treas.
Otis &
104,014,000
906,987,000
91 day Treas,
Aug 19
Aug 26
1,005, 720,000
1,006 839,000
Inc.;
McCormick & Co.;
&
Deane
F.
and
4
maturities.
1951-1953
for
Stuart & Co,,
Co., Inc.; Dempsey-Detmer & Co.; Schwabacher & Co.;
Stifel, Nicolaus & Co., Inc.; he First Cleveland Corp.;
.101,066,000
13,,585,000
purchase
&
2,707,264,000
889, 690,821
&
M,. due
Purpose,
196,486,000
1,003, 796,000
2,707, 264,000
Notes
U. S. Savings Bds.
July
1.001, 757,000
99.904
31,800,000
1221,536,000
*0.375
91 days
1,005,249,000
1,010,7*33,000
99.905
30
1,000,411,000
8,033,355,371
200,000
515.885,000
*0.375
1,003,796,000
July—
450,691,000
December-
1,006,307,000
1,344,535,000
13,585,000
414,032,550
147,691,000
11,077,000
32,000,000
*500,000 Central
a
11,077,000
461,768,000
August——
for
Total
1,520,429,000
889,690,821
303,000,000
158,768,000
»
Notes
Dec
Oct
2,707,264,000 100
585,244,000
'*'■
2
99:904
889,690,821
19,103,000
*0.375
1,001,415,000
1,008,704,000
1,001,757,000
1,373,786,000
604,347,000
294,349,000
Total
49,746,876,044
92 days
92 days
July 9
July 16
1,002,628,000
17
Total
Jun
37,910,000
547,334,000
July
Certificates
24
%
Price
S
90,000
19,013,000
b
Dec
Sep
Amount
Accepted
2 '::
100
1,544,032,000
1,694,400,000
days
Sep
FINANCING, DURING 1913
Amount
Dated
'
38,000,000
566,347,000
a
5,154,048,441
2 • 91 days
9
91 days
Sep
customary tabulations:
Date
Offered
■<.
public
increase of $57,;■■■■;
an
-
100
460,690,000
'-;•
Dec
Oct
1942,
a
November
30
Aug
December
$108,169,898,432.51/
over
$
September—
1,708,163,250
30,208,500
330,199,000 100
:
Aug 12
gross
Net Issued
$
„
1,839,291,000
Notes
330,199,000
Aug
the
2
2 years
1,164,950
5,714,434
1942,
Retired
■
5,127,196,000
Certificates
100
1-30 Nov
5,259,100
31,
FINANCING
7/e
8,289,500 100
8,951,969;
$165,877,278,992.66 on Dec. 31, 1943, which does not in¬
clude $4,230,340,189.69 guaranteed obligations not owned
On Dec.
1,294,881,963
6,966,487,000
————
for
2
8,289,500
5,547,372
1943, maturing Dec. 1, 1944, in exchange for Certificates
of Indebtedness of Series
E, 1943.
Of the $3,799,736,000
certificates outstanding, $3,539,755,000 .were exchanged.
Aside from this operation, the Treasury confined its fi¬
nancing, to the usual weekly offerings of Treasury bills,
Savings Bonds and Tax Anticipation Notes.
During the year 1943, the Treasury sold, or exchanged
in all $115,450,188,168 of securities, of which
$52,267,349,000 was used for refunding existing indebtedness,
leaving $63,182,839,168 as additional working capital.
The gross public debt stood at the prodigious total of
Treasury.
months—
six
for
2'/a
12 years
8,609,530
21,080,297
The Treasury on Nov. 22 announced an
offering of
%% Treasury Certificates of Indebtedness, dated Dec. 1,
the
8,575,846,000
52,267,349,000 63,182,839,168
Issued
August—
:
Certificates
Notes'
100
-110-12yrs.
91
Aug,
by
♦INTRA-GOVERNMENT
;;V,.1943.
100
1-30 Nov
90
18
11,851,252
In
9,870,727,963
twelve monthS-115,450,188,168
for
100
1-30 Nov;
12
14,499,172
1,250,175
Financing
December——
7,169,000436,812,300
436,812,300
Total
%
1,626,007,000
1,127,794,000
19
Nov
3,757,564
264,885,197, 131,026,646 389,569,510 126,330,104 66,876,758
Treasury
100
12,573,270,750
Nov
Dec
5,721,524
3,162,305
15,529,803
7,169,000
Notes
Certificates
*
15,411,919
5,386 065,000
1,963 ,427,000
ms.
days
5
742.500
;
51,683.537
Bonds_
Antic'n
Tax
7,805,000
853,02 ne 63
*0.375
12
Total
2,525,696
7,127,500
.
Savings Bds.
Depositary
Total
1,004,964,000
July
15,219,622
13,943,995
11,096,982
/'
S.
Notes
1,185 062,000
91
Nov
57,519,975 249,703,341 ; 62,943,144 35,231,363
______j_
27,508,916
August
__4: -9,376,746
September
26,816,407
3,539,755,000
853,021,663
3,539,755,000
U»
Certificates
^
1,413, 861,000
.1,286 529,000
Nov
July
July
2
Nov
251,500 12,199,818
Total 6 mos. 143,497,621
7/s % Ctfs.of indeb.
1
9,919,270
16,191,866
56,800,664
_
1,002,978,000
1,702,750
38,916.634;-12,855,884
36,377,356
28,876,706
34,005,577.
May
1,010,783,000
l':. July—.
a
b
1,142,651,000
1,247,105,000
1,221,697,000
1,621,636,000
798,147,941
Total
20,830,370
_i;
April
.-.**•
Nov
$
60,081,270
.
1,017,717,000
bills
2Va
days
4
1939
•'
1,005,249,000
day Treas.
Total for
*0.375
Nov
29
■
1940
-
bills
bills,
1,000,179,000
day Treas.
91
%
99.905
2 years
FINANCING
194.1
$
18,847,200
.
NEW
1942
day Treas.
91
30
$
2
Nov
other
REPRESENTING
100
91 days
.
Dated
•
♦0.375
Nov
have tabulated them separately for what¬
interest they may have on their own account, and
present the results in the table below:
■
•
99.905
1,006,931,000
Nov
■
we
$
Dec
Notes
ever
i-1943
18,460,000
112,468.000
91
23
Dec
♦0.375
1,239, 489,000
Total for October
part of the proceeds of the sales. Such offer¬
these have? no place-in our compilation of new
NOT
91 days
1-31 Oct
Oct
the pompanies whose securities are involved
ISSUES
1,008,639,000
16
Dec
October—
no
issues, but
6,535,000
*0.374
30 208,500
460, 690,000
1-31 Oct
Oct
exchanges under plans
submitted by these exchanges and declared effective by
the Securities and Exchange Commission.
We have in¬
cluded these special offerings with the secondary offer¬
ings in our totals for 1942 and 1943. '
course
99.906
1,708, 163,250
1-31 Oct
Oct
adopted rules providing for "special" offerings of secur¬
ities which went into effect Feb, 16, 1942.
A special
offering is the offering for sale on the floor of the secur¬
ities exchanges of a block of stock under an arrangement
whereby the special-commissions of the buyers' brokers
are paid by the seller of the block.
Such offerings are
permitted at present on the New York Stock Exchange,
New
4,467,000
1,004,917,000
*0.374
1,127 ,794,000
Oct
1942,
29,
1,001,840,000
1,011,452,000
*0.375
99.905
57 687,000
5,530 ,856,500
Oct
1941,. legislation
on
99.905
1,008, 342,000
1.005, 381,000
22,466,343,619
1
Oct
\7;x\\
99.905
1.004, 913,000
2,259,996,000
Oct
\
York
yrs.
2 years
Dec
New
day Treas. bills
day Treas. bills
1.006,307,000
91
Dec
1.001, 879,000
.12 years *•'. 99,365,500
Oct
Of 1941.
as
1-30 Sep
Oct
secondary offerings in the latter
and since as compared with the first half
half of 1941
ings
1-30 Sep
1-30 Sep
Oct
605,559,300
duction in the volume of
receive
-
Total
enacted
authorizing the Reconstruction Finance
Corporation to make loans to foreign governments col¬
lateralized by American securities.
Under this authority
large loans were made to Great Britain by the Corpora¬
tion and this evidently was responsible for a marked re¬
Of
Sep 15 8-10 yrs.;
Sep 15 20-26 yrs.
Sep
was
the
15
Sep
time,
desiring to liquidate all or part of their holdings, prefer
to do so by making a public offering of the securities in¬
volved.
;V-v
After the start of the European War, these offerings
had been extraordinarily large in some months,- un¬
doubtedly due to the activities of the British Govern¬
ment in liquidating the American securities; which it se¬
The
91 days
91 days
S9-0 2
of large blocks of
In June,
2
1.002, 901,000
securities which have been outstanding for; some
questered from its nationals.
91 days
16
$
91
Total for
1,337,648,000
//./■
owners
9
Sep
Indebtedness
2
Dec
2
91 days
Offerings
S
9
b
Sep 30
Issues Not Representing New Financing—
Special
Refunding
Dec
Dec
a
7,605,565,980
-
New
Accepted
Dec
Dec
%
„
100
Sep 24
263,429,000
7,:. I
Sep
10
Sep
.
527,517,000
;•
—
Ta
'
100
91 days
342,130,300
1921
♦0.375
♦0.374
Sep 23
383,450,887
634,511,034
♦0.374
99.905
17
1919——
280,274,600
Sep
1_—
Aug 271
268,222,000
1920
1922
2 years
Sep
Sep
79,941,679
.759,776,034
125,265,000
,50,000,000 ■V. 577,517,000
522,448,887
138,998,000
■
99.904
989,000,000 100
1,559,000,000 100
a
801,732,580
22,235,000
213,470,400
♦0.374
99.904
1,576,820,900
1^724,684,425
1,349,793,040
1,307,307,500
1,244,795,765
360,216,279
•
204,693,300
221,147,000
1,145,099,740
12 years
99.904
1,177,631,000
1,281,212,000
1,535,294,000
1,498,766,000
>
257,652,913
163,564,500
•1,561,1'19,925
—
1926—!
yrs.
Total Amount
Type of
Security
Dated
$
1,135,779,390
'779,870,286
,
22,032,717
757,837,569
1,319,167,987
__
66,015,000
14,500,000
126,566,000
.
/
i
„
1927
,
26,015,000'
;
1930
1 10-12
Yield
Total
61,200,000
.61,733,332
40,000j000
—
1932,,—
Aug
Total for August
179,500,000
116,000,000
•t
116,000,000
_
1934
\1 year
1 year
Aug 1-30 Aug
Aug 1-30 Aug
147,000,000
25,062,500
59,250,000
—
—
1,420,407,000
1,277,910,000
5,484,000,000
1,559,000,000
801,732,580
22,235,000
213,470,400
days
Price
1,005,720,000
1,006,839,000
1,005,236,000
1,002,333,000
1,431,223,000
92
2
2
Aug
Aug 1-30 Aug
1937—
1,408,809,000
days
'
4,000,000
3,250,000
1933.
Accepted
.
$
91 days
Aug 19
Aug 26'
r—_
1939-—-—
6
Aug 20
...
Amount
Applied for
92 days
Aug 13
4,000,000
—
Aug
92
4
Aug 12
Aug
Total
$90,000,000
Refunding
1943-,-.
July 30
MUNICIPALITIES)
AND
CANADA, ITS PROVINCES
Due
$
GRAND SUMMARY OF FOREIGN ISSUES PI ACED IN UNITED STATES
(INCLUDING
Amount
Dated
Offered
;•
253
1,145,881,441
years
preceding, thus affording
a
five-year comparison.
*
Total
Total
26,59215 18,60 0 90,154 35,106
8,4~ i80 7,20,35
210,93 0
$
W
14 ,0
418,0
65.980 120,96 0 7,910, 0 15,0 0
$
210,93 0
50 ,0
4,0 0
:■ ■
■-
"
^18,0
5,916,504
26,5921
386,0
5,72,504 15,6 215 65,98.0 124,960 8,410, 0 20,89 71
5,392,71
1,0618
195,871
-.
•
•
195,87158 18,60 2, 906 236,406
21,6250 3,5*4 780 5,610,627
-
Capit l
*
New
386,0
Refundi g 60, 0 15,20 13,57 40
67,892539 98,670596
$
-193
14 ,0
$
'
30,78057
36,870 1,0 ,0 48,0540 10,5 840
32,0 0
75,698,0 5,760 7,910, 0 1,92 50
Capit l •$
New
Refundi g 29,01690 38,702*18 3,8GO,654
Total
396,78240 14,30 0 20,53147
34,579682 14,30 0 74,96826
—
&
.
62,1985
Capitl 4,8501 1,0 0 9,70327 6,45186
:
$
;
New
'-'■
21,6250
'
7-—0, 0
.
v.
Capit l 12,03 0 4,9360 6,408 0, 3,1950
1,0 ,0
1,0 0
.
$ 74,071,0 50 , 0 1, )75^0
•.
•
>
27,450 40,5320 31,50 3,85,0 5,0 ,0 r: 5,930
Total
"
^
'.
-
'
:••
Refundi g 37,*95076 15,49750 3,85,0
14,3920
Total
/
$
3,950 63,1420
320, 0
6,590
-1942
I74"2~7 ,654
1.7 9,054
1,3 10
16,582 63
17,893 6
1,9750
1,9750 3,950 63,1420
■
3870140 16,9~257l4 5783576 5
—
-
5,0 ,0
50 ,0 0
50 ,0 .
-■
3,950 4,29 01
iv475*67;0
4,03 0 68,95 0
9,4*0,6 1,0 0 1,50 0
"
"
32,4 763 570 *0
7
27,450 8.93,10 Br—wo'. 80,263
—7
97,36527 48,7250 17,3804
-1943 Refundi g 76, 05 0 376 5,0 2,84 0
83,12 50 39,07 0 7,80 5
New
$
:v.^'
'•.V
'9,1340 ;7"32Q,0 —7 7 76,54 0
f
50 ,0
58,f9 0 2,6*59760 ~*3 2~O76O 31*7 7-. 61,82 90
\
85,03 50
1,975,90 3,950, 0 4,29 01
1,9750
12,74 01
—^7-•r,:V.Z
1045,167329,4788 CONOGRRPEUAFWPTIE.
GFOOVCER^NEMPIGTN,AT, notes notes notes
85,03850 5,27 0 7,05172
Total
$
59,06154
;'7.
50 ,0 0
61,32890
*
:
Capit l
$
351,40
5,0 ,0
74,01 0
320, 0
Refundig :- 58,* 497 0 2,159,0
25,7 98 62,1985
19,672417 27,450 47,19450 49,35917 •5783* 6 5,0 0 5,930, 0 139,06417
7
14,7 01 16,720 9,354,1
1,975,0
New
Total
:V-
7,49,698 16,348 5 12,03 0 5,360 6,408 0 12,64870
v-: "V.:-u7j*V.,
Capitl 27,^450 2,582,0 15,8250 5,0 0 5,930 57,10950
New
34,579682
•;
187O"~9,17
'-."X
57,28 50
$
_1941
1,20 , 0 4,0 .0 74,529182
18,4250
.
176* 2750
5,0 5,0
5,0 0 ":••.
'
61,82 90 34,250 9,038,79
$
Capit l 12,7401
8:,453760
V
v
Refundig 61,32890 50 ,0
$
8,31028 42,56782 217*46 15,092 0
1,67 50
.
Total
1
•
76,54 0 50,9650 18,39 08
New
,
15,804980 58,91 240 26,10 21,590 31, .260 ,20 4,0 ,0 10,34980 396,78240
12,03.
32,9750 10,3 260
1,0 ,0 ~40 ,0 0.
1,0 ,0-
80, 2863 19,520 42,83,024
Capitl 57,1095 5,0 0 16,570296 1,32067
4,90 316 30,78057
v-
7
-
$
4,90 316 9,15 07 5,980 5,760 8,410 5,67 41 32,0 0
>
w
'•
.
-V
32;,570
1r*•—7"^I■-—-'.v';/Vr>;A^?•:7•1.
64123,890710524,5^36987feGtodvfhrarnogmnml.cyFYODEMITFVSCAIUSHRTNABSNHIERED
FODMYETFClRVHILNAFABOUA£RSNCRGPLDM
$
•.
■:
—
18,2 10 4,8501
•
New
59,06154 25,10 18,43 518
$
12,03 0 193,650 21,50 0 20, 0 1,20,0 4,0 0 84,50 36,870
$
'
.
Refundi g 18,69 0 15,092 0 16,805 0 1.20,0 4,0 0 6,21890 29,01690
-1940
139,06417 4,620 61,25742
45,0 0
Refundig 57,28 50 1,7347054
-1942
3,75 19
15,24970
■
-
127,56 48
14,3920 5,0 0 18,3045 1,368,067
Total
—1941
'f
*•
$
-1940
872,18 6,50978 60-, .0 19,20
1,637520
%,
:
}■
■
Total
4,0 ,0
s„
189,30745
.
Refundi g 189,30745 4^90~60 1,609,708
-193
2,84 0
"
79,290
9,3 482
2,84 0
"']v
3,6750
6,4750
12,3672 4,03 0 71,84350
18,79482 i,T0oo*,0 1,50 0
14,7 01
79,290
97,36527
Iv
'."
Refundi g 68795^0 6,810, 0 1,0,0
76,05 0
$
_1943
129,35 ACHNARDTE Capitl
T
—i.
71,54370 1O748*5,0 I7i"o ,o
6,5230
83,12850
'.v-
.—
$
Capit l $ 8,430 *• 1760, 0 4,20372
New
•
.
14,23672
•r.
9,G5 0 9,57 189 3,46891
OSUMFARY
bSmautnoicplteyeidns
New
4,03,0 30 ,0
72"7590,.
79,290
5,724 82
8,43,0
1,50,0
5,80372 4,0 3,0 30 ,0
8,314 82 1,50~ 0 79*2 0 14,23672
_
r
DOPECMBR boanndds stock. stock- boanndds stock stock_ foreign— boannddsShort-.e-m stock. stock.-"'*\•. corpate Governmt.—fgoovreernimgntGaoagvncdie,s.,M&unicpal—_tStes,PSoetsaine.s toal. fiunfdicgnludooresets ofDecmbr NBooatnedss ;—iutiles eccotoparl,, mnuf acesori inmadanuufcnstrtirg—dl—Lbueildtncgs, , htrtoraludisng,,M*isce.lanous NBotoaens-ds1;: utiles eccoop.al,,manufctres—: o.i inamdaunnusftcrtdrilg— bueiltdc—ngs,1.—— ;httroraludsing,,;—Miscelan—oIus ■. util_eis eccotopal,,1manufctres oi inmdaaunusnftcrtdrilg : bueildtncgs, —:^htoratlrduinsg,,—M;iscelanous V'~ ,. util.e—s ecctoopa;rl,, manufces ori inmadanuufscttrrigl beuitlcd—ngs, .—httorraludsing,,:M—iscelanous sceocrupritate
MONTH
C©ft>or^£—
pomestic- Long-terni Sbrt-fm Pref red lomtno Candi —- Long-term Short-em Pref red on Long-term Pref red Com on
Cc
mm Other
Cq
•
Grand
Total
\ Can dian Other Loan
Farm
.
*
United
'These
Month
Long-Term Railroads Public Ifsoten,l, Equipment Maontodrs Other
— Land,
Oil
Rub er Ship ng
etc. etc. etc. etc.
Investmn
Total
Short-Tem Railroads Public ste l, Equipment Maontodrs
Iron,
Othfer Oil—- Land, Rub er
Ship ing Investmn
Stocks— Railroads Public Irsoten,l, Equipment Maontodrs Other Land, Rub er Ship ing Investmn
.
—
Oil
Total
Total—
. Railroads Public1 ste l, Equipment Maontdrs
Iron,
Other
,
Oil
Land,
Ship ing Investmn
Total
Total
;$
-.
2,196 ,420
Refundi g 1,52746 74,30 0 135,8 925 1,974896 79,50 0
-193
;
Capit l
New
1,537 *025 195,07 1,50
"$*■
\TRoefutnadlig 19716,,09380 8275381942,,600 79,0 8455,746700 17253183,,620584012
-193
.
9,50 , 0 5,80,0
21219,,,0005514669,9850 12,88603,14254037
"7".
Capit l 84,9580 54,31672 17,260 3,90,0 39782;34 5,374 4,65380
YEARS
:
.
New
'•
Total
804,3 0 1,2370694
Refundi g 1,806953270 26,510 185,36920 7,543,86
34,5970 482,3 465 3,20 0
"
''"''•-x■
$
-1940
;••
•:
New
>al
Tot
■
•.
$
v
125,34 86
S
847,380
1,806953270
9,0 ,0
50, 0 74,30 0 132,705429 2,045,63
1,460, 0 5 0, 0
2,50,0 4,510, 0
^
23,91740
137,5821 10,6380 1,2657 .8 94,0. 0 7,0 ,0 47,6507 5 170,2653 8,604,120 19,05 0 98,47659
5,468,304 2,50 , 0 2768*0756 68,31 69 1,275,0 10 ,0 213,90 16,20 726 96,758 9 84,9580 61,24 67 20,31.0 3,90 , 0 2,680, 0 108,91403 56,48 7 4,753,8 0 213,90 276O, O 38,5276
5,0 ,0 910, 0
3,61,0 14,0 0
0
15,0 0 38,5710 153.869,01 2,934,985 5,409 0 91,57264 875,0 I7466"0, 3,629,780 68,25l739 327,9 538 372.89,0 1,2740 31 364,29 85 6,250, 0 5,40,0 254,73 624 132,750 13, 20 1,40,0 3,629,780 5,30, 0 329,701 39
5,0 ,0
2,561,0 14,0 0
5,0 ,0 26,510
375,0
125,98369 1,306,0 34,75 028
192,68076 27,83602 1,05648.27 349,5670 17306.0 152,09376 19,50 12,9 0 T,53076 4,0 0 152,4819
1,530, 0 28,73L89
j
?
1, 0 , 0
10, 0 12,0 0 27,85641 2,59,85 4709~,0 56,817596 875,0 1740.0 2,09,780 39751, 6
14,56398 268,49038 14.672,985 6,250, 0 4,094,0 102,63981 12,6750 1,032,80 1,40,0 2,09,780 1,350, 0 17,2890
5,0. 0 7,350 7,450, 0
329,50
2,50 43,12950 134,825 146,3547
18,37982
250, 0
365,27.0 1,382.97145 79.250 6,938,0 39.57; 4 140,9750 35,761.0 5,0 0 159,"oi782
New
7:-;
2,407,59
213,90
185.960 1,326.9573 15,20 10,9 .0 2,680, 0 15,84.50 27,350 13,580 21,057 0 137,029485
910, 0
Capit l J• 14,56398 239,6 397 12, 30 6,250, 0 4,*72 65 1,80 1,03280 1,350 127,63170
\
:7
;
Total
1,9603
.■
Refundi g •, 18, 1965
1,4 5362
1041
Refundi g 2 ,83 602 879,64 03 49,120 14,7 35 105, 0 12,9 20 4,0 0 18,6 30
-1940
4,0 0 952,61 73 1,50 0
2,7654 0 43,12950 219, 8275 79,0127
*r
"
.
460,7 0 751,32509 2,15,0
Capitl 589,1203 12,0 0 61,78 0 74,0298$
6,250, 0
367,2890 1,92830 361,05 156,076 17,30 13, 20 5,30, 07246,50■; 2,396074
Total
5,32 0
2,396074 38,5710 246,31590 81,6 84
*•*'
52,0 78,10 138.7,3 2,50,0 27680", 0 70,364 02 1,2750 10 ,0 0 213,90 18,60485
9,0 0
V
38,45302 59,20 924730, 930,82 0 450,
28,143 4,510, 0 25,974253 70,8436
$
8,250, 0
9,50 , 0 7,260. 5 0, 0
67,50 2,46175032 1,2590 1,950
1,82738
1,8039 0 78,10 16,5817 72,5924 79,50 0
4,0 0 69,10 43,509
$
250, 0
359,760 1,24 90 71,80 6,9380 2467 2,80 140,975 0 35,7610 5,0 0 18,40
Refundi g 107, 50 874,25 70 62,40 0 3,498,0 142751,07 84,65 0 34,580 4,60 0 57,28 95
$
-194
v
5218,,497615430632 11322596,,897746
5,0 0 9 0, 0 7,0 ,0
150, 0
5,241965 18, 965
108,635 17,50641
13,205 ® 983.2,075 69,40 3,4980 160.2748 84,65.0 34,580 4,60 62,53086
v
FYEDFMMT1LAINIUOOVNAACHC.R2,3PRDSGL 7271,305,64061281259,8-340576 3,7821,40,05369759684836'GtFo-veh.adr>ng.mflcyDFFTEITUSM31SNONIHHVA2CRRED. 231,78294,016641527057,6833058
*
New
>
S.
.
Total
421,875
* . 4,70 , 0
g
.
908,42350 10,5840 18, 7643
Refundig 405,96280 1,50 0 7,58 24 3,053,46
New
«g
Total
7
421,875
502,9607 3,20 0 102,5784 15,764197
Capitl
250, 0
Capit l 25,071 36,9810 9,40,0 3,40, 0 104769",83 56,3190 1,203 0 10,4 0 60,85l70
548,20 523,7046
Total 48,59.0<' 429,30 4,70,0 3,0 ,0 2697834,0 128,30 5,76 50 9~576 18.2067 0 908,42 350
J
;7
New
'
40 ,0 0
Refundi g • 15,4 850 306,1970 2,0 0 57,642 0 19,25 0 3,752 0
-1943 $.
7
£7-:.
Capit l '7•rJ 3,140 123,801 2,50,0 -3,0 217l9360 108,37450 2,0150 95760 i78ob76o
107,80 342, 031
$
520, 0
152,4360 378,025 13,250 28,450 17,0 0 1,960 3,50, 0
9,73,0
502,967
869,075
17.258,03 24, 753 25,70 89 128,59063
18,37982
172,9380
250, 0
25,071 39,04.7 9,850. 3,40 23,1.0746 56,319.0 1,203 0 10,4 0 96,48796
,
'7;
4,70 , 0
95.0 0
37,2456 64,59605 15,0 0 2,53,20 10,2 875 129,37926 48,59 850 467,156 4,70.0 3,0 ,0 36,7f30 6514.50, 5,76,50 2,53 20, 28,20,875
50 ,0 1,0 0
405,96280
New
Total
179,50
2,50 . 0 2, 0 , 0
r~
90, 0 62,095 435,2 19
851,075 38,0 .0 130,7 98 43,079643 18,0 0
865,014
7*~
40,6.0 18,2649
$
-193
6,30 450, 0
1,27 0 518,0273 1,50 0
Capitl j 865,01468 24, 753 93,85 9 79,053891
'
1,50 , 0
3,763,70
27ob 6o 1,20 0
3,20,0
95,0 0
3,48196 61,78 95 15,0 0 2,53,20 6,02,875 18,7569 3,140 157.29 176 2,50.0 3,0 ,0 275910, 5 124.57,0 2,015 0 2,53 20 23,80 75
370 , 0 ""1
38,0 0 20.6,10 1,07 54 14,08692 6^98/795 4,3297 0 173,90631 152,436.0 39.14860 14,267.54 520, 0 460.85692 17,0 . 0 1,96.0 10,58795 14,2 90
-
1,0 ,0
i
2,87,270
4,0 0 10,64 970 15,4 850 309,8 .40 2,0 0 61,09 10 20,95 0 3,752 0
4, 0 , 0
•-
FCFGOOOAVRREPRENIMGANTT,, . '.-j— notes-,— ._1- — 7137,082,986534 — -— 216,45834,73620 frbfSuomaoatunnicpdieyldtysess OCGNORREPUFPWAITE manufctrig hoeldtcin.g, — manufctrig . ;hoeldticng., rtc,_JL-— manufctrig-.— hoeldtcin.g, — manufctrig -hoeldticn.g,—713,078,-87629354
587,4 071 15,0 0 75,62 035 6,416,80 18,0 0
-1943
90, 0 532, 60 259,48136
Refundig
New
SOUMFARY
520, 0 150. 0
Capit l 61,3240 15,308 3,250, 0 15472*.49 17,0 .0 3,50, 0 8,0 ,0 263, 429
$
89,3 0 175,435
Capit l 263, 429 2.50, 0 5,08593 36, 2963
i.
.
Ref'undi g 91, 20 362,7450 10, 0 127,98571 1,8467 l793,60 605,4 071 "*50 ,0 0 15,0 ^0
$
-1943
50 ,0
New
2,0 0
;: 7
15,0 17682,70 60,729 3 2796,875; 173 27347 82,04175 91. 20 380,957.20 10, 0 203,6584 17846,0 2,96,875 3,125347
;7,.:
150. 0
2,50 0 2,38. 0 1,07,54 80,67 91 4761",920 2,96743 91,748916 61,3240 18.9 380 4.267,54 520, 0 257 0.348 17,0 0 8,21,920 10796 43
ACHNRDTE
.
-
DME3NOEN1CTH.S r ,boanontnedsd—s i;—. 1—stock,. stock- '[■ boands stock_ stock—. foreign-bonaontdedss •— stock stock— corpate—. Governmtforgoeveringmnt.Gaancid-s&•Municpatl—e.Ste,s,SPostaiens- —-— ifdnigcnluuordeets D3ENE1C. Boandn.Notes—ds utiles—' ecctoop.a-lr,,manufctes ori,—inadunstrdl beuitlcd.n,-gs, ttrraudsing,,':: — NBootaens-ds ut■il—eseccotopalr,,mnuf acesori— inadunstrdl beuticld.—ngs,:——1—ttrraudsing,, 1u—tiles- cocpoaerly,mnuft^?. acesori-'— inadunstrdl beutcil1d.—ngs, :—ttrraudsing,, ,;7'•v:\. util—e.secotsptel,'cro,a manuf— acesori iandnustdrl ebutild-cngs, —- trtarduinsg,, secucroitr—pate
12.
,
D*Corpate— omestic— Long-term Short-em Pref red Com on Candi — Long-term Short-em Pref red Com on Other Long-term Short-em Pref red Com on Total Candian Other Loan
v
Farm
toal— •Tlaes MONTHS LongrTea
Railrods ste l, Equipment Maont drs,
Grand
United
Public Iroh'.
Investmn Miscelanous Short-Tem Railrods ste l, Equipment and
Total
12
Other Land,
Public Iron, Motors Other Land, Ruber'
Ship .ing Investmn Miscelanou 'Stocks— ste l, Equipment ' an.d
Public Irou. Mot rs Other Land,
i
MviShp—ng Inestmn iscelanou Tot'al—' Equipment and
i
7
Public Iron, Mot rs Other Land,
Ship ng Investmn Miscelanou
Total
Monday, January 17, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
(,256
Direct
Due
fered
Co.
surance
Co. of Mass.
surance
'
_,
Mutual Life
computed
Mutual Life In¬
$2,848,000 Central
lien
:
stock
share.
&
Coffin
Co., Harris, Hall
& Co.
Webber, Jackson
& Curtis, Shields & Co., Tucker, Anthony & Co., White,
Weld & Co., Spencer Trask & Co., The Wisconsin Co.,
A
G
Becker & Co., Inc., Central Republic Co.
(Inc.),
Laurence
M. Marks
& Co., Arthur Perry & Co., Inc.,
Whiting, Weeks & Stubbs, Inc., Dean Witter & Co., Ed¬
ward L. Burton & Co., Hayden, Miller & Co., Granbery,
Marache & Lord, J. A. Hogle & Co., Starkweather & Co.,
G. H. Walker & Co., Auchincloss, Parker & Redpath, The
Illinois
Co, of Chicago,
Bosworth, Chanute, Loughridge
& Co.,
Perrin, West & Winslow, Inc., and Ure, Pett &
.Brush,
of
shares
178,000
Corp.
Twin
&
The
Slocumb
&
&
Putnam
Co.,
Wisconsin
Co.
shares of
■*,*
■
■
•
vW
*
through
Loeb &
:
'
:
.
$68,995,500
INDUSTRIAL AND
OTHER
MANUFACTURING
Smelting Co. 10-year loan. Purpose, corporate pur¬
Placed privately with Mutual Life Insurance Co.,
F. S. Moseley & Co,
'
' ■
■
*650 000 Burger Brewing Co. 1st mtge. 4, 4V4 and 4% to bonds, due
serially 1944-1956. Purpose, retire chattel mortgages and
new equipment
($140,000), retire short term loans ($36,-
*$400,000 Apex
and buildings ($440,967),
capital.
Price, 100.
Placed privately through
Peabody & Co. as agents.
working
Kidder,
Milling & Elevator Co.
Colorado
par
.
350 000
Offered
interest.
working
and
equipment
plant
Dean
by
Pacolet Manufacturing
*1 000 000
Price, 100 and
capital.
Witter &
site,
plant
purchase of
Purpose,
1953.
due
debentures
-
stock
,
Co.
Brothers
Slokcly
&
$9,399,482
&
Sachs
Laurence
Hemphill,
& Co.
Cormick
RUBBER
v-"/. ^
v,.'
Co. 4'to 15-year sinking fund debentures.
expansion.
Placed privately with Mutual Life
of New York.
Co.
-
'-■■■
■
;■
j
stockholders.
.
Government Agency
($9,655,000).
fiscal agents,
Notices
bonds, notes,
and
common
ilst
mortgage
4%s.due
3,000,000 New
lien
bonds,
•'•'■;
stock
;
by
Bacon,
common stock
Offered by Eastman:
share.
per
Nemours
(par $20).
&
Price,
Co.
25,000 shares of
$141%
share.
per
coin-
Offered
Co.
■<
•
■:
: V
-■
..[J
(no -I
7
'/
'
England
1st
RR.
82%.
Price,
283,500 Pacific Gas
(par
due
j
W.
||
9,000 shares of common stock
share. Offered by Blyth &
I
consolidated
Offered
mtge.
by Shields
637,500 Philco
Price,
$31%
30,000
per,
and
R.
shares
share.
of
:
1 ■
,
$21 '/4
bonds,
Co.
per
"
Corp.
Price,
j
5%
&
-
Electric Co.
&
$25).
Co., Inc.
:
I
..
Priced
1,000,000 St. Paul &
4%s, 1941.
stock
common
Offered
Stearns
(par
$3).
by Smith, Barney & Co.
stock
and
Co.
Shoe
Sold by Bear,
City
Distributed
&
1341,875 United
at market.
Kansas
Short
by
Stein
Machinery
(par $25).
Line
W.
&
Bros.
Corp.
1
j
,
issues
tIndicates
'
,
,
"Indicates
special
5,000
•.
Co.,
Bear,
of
common
Originated with
-
.
placed privately,
offerings.
.
'' 'Name of Company
1
City of New
\,ir
*
Per
5%
$2621
©/ Ree.
2-
1
^
50c
2-
I
1-15
1-31
1-21
York Insurance—
1-24
a
(s-a)
$5
preferred
Holder•
When
Payable
;
44c
V
$1%
1-31
1-21
37%C
2-25
2-10
(quar.)
"
Cleveland Tractor
114
>{\ 'r--
•ihare
(irreg.)_____
Cleveland, Cine., Chicago & St. Louis—
Inc.—
'
Coast Breweries, Ltd. (quar,)_____
Coca-Cola Bottling (St. Louis)
$1675
Colgate-Palmolive-Peet
$1863
;
shares
Price, $68% per shax*e.
Co.
'••'
:
Common
»
guaranteed
&
;.V •••v.•.
$21,041,519.
$1863
29
A, due 1956__Apr
1
1st
Boyce.
*600,135 York Corp. 71,658 shares of capital stock (no par). Placed
privately by Stein Bros. & Boyce (approx. price 8%).
48
Feb
Stearns & Co.
RR.
Hutton
E.
W. Seligman &
Century Shares Trust—Shares
Jan 20
A
Pont de
.•'.
1945.
.114'
1st refunding mtge. bonds—Feb
ser.
$15%
Page
3
,______________Feb
1
1st lien 20-year 6% bonds, series A, due 1948
Feb
1
Tennessee Coal, Iron & RR. Co.—
'" '
General mortgage bonds, due 195l_——
—Jan 24
Tennessee Consolidated Coal Co.—
i I
6%
of
Offered
Pressprich & Co.
Standard Public Service Corp.—
1st
share.
per
1,
1
5s due 1952___
Springfield City Water Co., 1st mtge. 4s, ser.
$11.25
Price,
Co.
J. &
___Feb
—
1955
Pacific RR. Co.,
Southern
I
common
'
Co.
du
Co.
&
•
Date
1st mtge.
'-rVV;
19,000' shares
812,000 Lehigh Valley Terminal Ry, 1st mtge.
(extended)
5%
bonds, due 1951. Price, 64%.
Offered by Bear, Steams
Issues
1st mtge. 4%s due l979l__—Feb
Power Co.,
'
% 83,500 Hercules Powder Co. *1,000 shares of common stock
par); Price, $83% per. share. Offered by Blyth & Co., Inc.
,
Southern Advance Bag & Paper Co.,
found a list of corporate
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
which the details were given in the "Chronicle."
preferred
River
Salmon
& Pacific Ry. 1st and refunding gold
at market.' Sold by Bear, Stearns
Corp.
Price,
stock
.'mon
S
1943, due May
dated Dec. 30,
4%s due 1947_^+___^_—
.
||
Joseph Ry., Light, Heat & Power Co.—
.1st
,y.
3,956,000 St. Paul & Kansas City Short Line RR. 1st gold 4%s, due
Company and Issue—
St,
-.
\
113,900 VV. T. Grant Co. 3,400 shares of common stock (par $10),
Price, $33% per share.' Originated with Smith, Barney}
Purpose,
refunding
($39,070,000), new money
Price, par.
Offered by Charles R. Dunn,
New York.
'
•
■
<
1944.
v,
of
by
common
cumu¬
'
Safe Harbor Water Corp.,
Below will be
1
by Kobbe, Gearhart & Co., Inc.
$17,000,000 0.75%
shares
Offered
Priced
y;'Vby Smith, Barney &
;V,
,
1944;
16,295
shares of
*■
.
Machine
&
(E. I.)
3,537,500
Co.
common
Corp.
Island
1934.
$10).
(par
••
Dillon
(Federal Intermediate Credit Banks, consolidated deben17,000,000}tures, $31,725,000 0.90% dated Jan. 3, 1944, due Oct. 2,
*$1,500,000 Sciberling Rubber
Insurance
:.'''
$31,725,000
*
Purpose,
to
Service
;:•? 542,352 Consolidated Paper Co. 35,275 shares of
Purpose,
with
Offered
Farm Loan and
$9,400,000
Davis
Distributed
$1)/
(par
$79,290 Home Title Guaranty Co. 26,430 shares of common stock
(par $3). Purpose, increase capital funds.
Price, $3 per
v
share.
Offered for subscription to stockholders.
and Stroud & Co., Inc.
H.
Whipple & Co., Farwell & Co. and Newhard, Cook & Co,
MISCELLANEOUS
100 and interest.
& Co., Goldman,
Co., Union Securities Corp., Estabrook & Co.,
M, Marks & Co., E. H. Rollins & Sons, Inc.,
Noyes & Co., The Wisconsin Co., Kebbon, Mc-
par).
Paul
Price, $16'per share.
) ■,' V
1941.
Co.,, Inc. 15-year 3%%, sinking fund
1958. Purpose, refunding ($2,810,-
000), working capital ($1,190,000). Price,
Offered by Blyth & Co., Inc., Reynolds
with
•'
..
(no
'
"
25,073
shares of common
payment of serial notes issued
plant construction.
Price, $10 per
Metallurgical
(par $10).
above).
(see
213,750 Clearing
&
60,000 shares of 4'/<%
Inc.,
Co.,
Public
Co.
v •
Purpose, working capital. Price, $5 per unit of one share
preferred stock and two shares of common stock. Of¬
due Dec. 1,
debentures,
■;•
stock
common
Originated
stock <110 par).
due
■V-';..
of
fered
pre¬
Offered
& Pacific Ry. 1st and refunding 4s
by W. E. Hutton & Co., Bear, Stearns
■&> Co. and Stein Bros. & Boyce.
:
•;
per
v-
share.
30, 1958.
two
Co. 3 V2 % notes due Nov.
&
Vermont
:
*2,645,000 Rheem Manufacturing Co. 230,000 shares of common stock
V;'.'-7(par $1).
Purpose,
additional working capital.
Price,
$11.50 per share.
Sold privately to Donald W. Baird as
nominee of Bethlehem Steel Corp. (Del.).''::':r
100,000 Telecom Corp. 20,000 shares cumulative preferred stock
(par $5) and 40,000 shares common stock (par 10 cents).
retire preferred stock. Placed privately with
insurance companies, through Kidder, Peabody & Co.
Purpose,
4,000,000
*
'.*■
.
connection
in
Aug.
and interest.
Co.
250,730 Pittsburgh
V,
15-year 4% sinking fund
15, 1948. Purpose, refunding. Price,
Sold privately to Mutual Life Insurance
Co. and Metropolitan Life Insurance Co.
.
■ ; ;
Knudsen Creamery Co. of California 5% r/o sinking fund
debentures, due
$52.50
Corp.
•
share.
•;''
3,253,000 Chicago Rock Island
preferred stock (par $25). Purpose, corporate pur¬
Price, $25 per share.
Offered by Lee,. Higginson
poses.
of
underwriters who offered 178,000
same
of 1934.
stock
preferred
Price,
Mallory
lative
acquire leased.real estate
000)
:
1,500,000 P. R.
share.
per
800,000 Chicago Rock
;-.•
_-
poses.
*
refunding.
.!,
per
r'-.-.
i;'stock
stock
common
3,675,000 Colorado Milling & Elevator Co. 70,000 shares of $3 cumu¬
'
$18.75
&
.
5%
of
,v.■
common
;
MANUFACTURING
AND
■'
convertible
v-: -
.
■;.v-
117,024
Corp.
stockholders
lative
shares
shares
Central
260,720
Vermont-Se¬
& Co., and
Co.,
Wyeth
Co.,
(no par).
Purpose, expansion, etc. Price, $10.50 per share,. Of the
foregoing stock, 58,523
shares were subscribed for,; by
employees
and
58,501
shares
were
subscribed
for by
■if-
21,250
.
695,000 Central of Georgia Ry. 1st mtge. 5% gold bonds due 1945.
Price, 88% flat,.
Offered by Paine, Webber, Jackson &
Curtis.
<
.'V
t•.
Webber, Jackson & Curtis, Stone &
Blodget, Inc., Chas. W. Scranton & Co.,
Parsons & Co., Whiting, Weeks & Stubbs, Inc.,
Paine,
Inc.,
$1,228,752 Celotex
Co.
•
Utilities Co. 36,640 shares of common
Price, $15 per share.
Offered by Bank¬
8,200
$11.25
t'V Price,
V''•),
&
(no
par),
Purpose,
share.
Offered by Union
Securities Corp., A. C. Allyn and Co., Inc., Ames, Emerich
& Co.,. Inc., Boettcher and Co., Bosworth, Chanute, Loughridge & Co., Central Republic Co. (Inc.), Don A. Chapin
Co., Paul H, Davis & Co., Farwell, Chapman & Co., Harris,
Hall
&
Co.
(Inc.),
Hornblower &
Weeks, McDonaldCoolidge <fc Co., Merrill Lynch, Pierce, Fenner & Beane,
The Milwaukee Co., Newhard, Cook & Co., Peters, Writer
& Christensen, Inc., Piper, Jaffray & Hopwood, Reynolds
& Co., E. H. Rollins & Sons, Inc., Sidlo, Simons, Roberts
& Co., Stone & Webster and Blodget, Inc., Sullivan & Co.,
Van Alstyne, Noel & Co., Harold E. Wood & Co. and Kuhn,
Morris.
*3 000 000
IV
by Coffin & Burr, Inc., Blyth & Co.,
Brothers, Dean Witter & Co., Hornblower
stock
B
by -Blyth
Co,
.
Corp.
$92,250 Celotex
class
;
Offered
INDUSTRIAL
OTHER
Service
Co.
of
Offered
:
v
Co.
(par $20).
america
Purpose, pay holdei-s of 7% prior
State Gas & Electric Co.
Price, $16
Pressprich
curities,
Inc., Blair & Co.,. Inc.,
& Eurr,
W.
'stock
,
Price,
$20).
(par
Pacific
'
and
Graham,
R.
Eastman,
of
Weeks,
Webster
549,600 California
>
.
Utilities
Pacific
by Bankamerica
shares
2,000
•
stock
ferred
are
UTILITIES
Public
Inc.
California
185,937
Co.
$41.50' per share.
$10).; Price,
(par
Co.,
Of¬
(no par).
Lehman
Inc.,
,
Light Co. 1st mtge. 3%%^ bonds, due Dec.
1
1968.
Purpose, refunding;. Price,. 100.625 and inteiest.
Offered
by The first Boston Corp., Blyth & Co.,
Inc.,
Goldman, ' Sachs &
Co., Harriman Ripley & Co., Inc.,
Kidder
Peabody & Co., Mellon' Securities Corp., Smith,
Barney' & Co., Stone & Webster and- Blodget, Inc., Union
Corp.,
stock
per
mtge. 3%% bonds, due
Sold privately to Mass.
Dillon & Co., Glore, Foigan &
(Inc.), F. S. Moseley & Co:, Paine,
interest.
and
taken at par, while
all classes of common stock are
1
•'..;
prices.)
Vermont
common
42,000,000 Utah Power &
Securities
101.25
to
value
par
value and
par
offering
their
at
stated
a
PUBLIC
•'
Co.
Insurance
3'/a % bonds due
privately to Mass.
.
*165,500 New Jersey Water Service Co. 1st
Aug, 1, 1943.
Purpose, refunding.
interest
and
STOCKS
of
preferred stocks of 110
City Sewer Service Co. 1st mtge.
Aug. 1, 1968.
Purpose, refunding. Sold
Mutual
Life Insurance Co. and State
*380,000 Ocean
100
Cyanamid
$83,000 American
by B. C. Ziegler & Co.
stocks
(Preferred
Mass.
of
from
Representing New Financing
Bishop
obligation serial
Priced
••'650,000 Ocean City Water Service Co. 1st mtge. 3 % % bonds, due
Aug. 1, 1943.
Purpose, refunding. Sold privately to Mass.
Mutual Life Insurance Co.
and State Mutual Life In--
Issues Not
of the Diocese of Toledo, Ohio.
(XYst, 2, 2Vt, 2%, 2%, 3.%) notes,
serially June 1, 1944-Dec. 1, 1960. Purpose, refunding.
Catholic
$1,100,000 Roman
1st mtge, 3% % bonds, due Sept.
1,
1973.
Purpose, acquisition.
Price, 102 and interest.
Placed privately with three insurance companies.
ETC.
BUILDINGS,
LAND,
(Continued from page 253)
*300,000 Maine Public Service Co.
$4.25
49
Co.,
2-
1-8
In
25c
1-20
12 V2 C
2-15
$1.06 V*
3-31
$2.50
1-15
(quar.)___>
com.
preferred (quar.)—.
Co.
(quar.)
Collins
$3c
•,
•
.1
1-10
;
3- 7
'
1-25
•
1-
4
m
Colorado
115
Cuneo
Fuel
&
Press,
25c
I^on
2-28
2-10
2-
37 %c
(quar.)
com.
1-20
1
.
and Issue—
Company
1953
due
Page
Date
-
Continental Corp., 5%
British &
American,
debentures
..Feb
+
106
dated 1934
Feb 29
Brooklyn Borough Gas Co., 1st mtge. 4s due 1965..
Feb 1
Byers (A. M.) Co., 7% preferred stock__._.„^—
Feb 1
California Electric Power Co.,
1st trust mtge. bonds
due 1956
_____i._Apr 1
Carolina, Clinchfield & Ohio Ry.—
I*: 1st mtge. 4s, ser. A, due 1965
—Mar 1
Central Pacific Ry. 1st refunding mtge. bonds—
Feb 29
Chamberlain Corp., class A preference stock——_Jan
3
Collateral
bonds,
6%
trust
series A,
Chesapeake & Ohio Ry.-—
Ref. & Impr. mtge. 3%% bonds, series E,
Cincinnati
bonds due
3V4%
Terminal
Union
1966
Coal
$2249
Montana
debentures
due
3%%
1
$2359
*
107
$2360
L,
«
108
6
—;
1
1
1
1
10
20
31
31
1
20
$1134
$1134
:#
■>
111
112
12
$2365
47
mortgage bonds due 1958_
__Jan
19
$2619
—Mar
1
47
Protestant Episcopal
Church in the Diocese of Chicago
(Board of Trustees of) series "H" 5%% notes dated
_—
__'
__Feb
Republic Steel Corp., gen. mtge. 4%s, ser. B, due 1961__Feb
Roman Catholic Episcopal Corp. of Ottawa—
4$>
bonds due 1944-1955——
we
follow with
a
second table in
Name of Company
Corp.
Air
American
5%
_Mar
Viscose
preferred
Appleton
1
1
:
Haverhill
Hires
2-15
Extra
6%
1-31 ! ':•' 1-18
Horn
2-
-
Booth
113
$2620
48
—,
40c
$1
pfd. (quar.)—
Fisheries, $6 pfd. (initial quar.)__—
$62%c
Fund,
Inc.
$1.50
—16c
(quar.)—
Bronxville Trust Co.
(N. Y.)
(Los Ang.),
(quar.)—___—;
$1
$1
$1.25
common_—
preferred (quar.)
Canadian Investment Fund,
—
Oil
House
3-10
Huston
■
1-15
1-, 5
1-5
1-14
: 2-15
Co., Ltd. (quar.)
'•
2-
1
1-31
1-18
1-25
83 %c
2-
Y.)
1-; 7
A.)
1-17
12-31
50c
1
2-15
_____
25c
(s-a)_,
; 25c
-
2-15
3-
2-25 '
1
35c
1-10
$50c
1-28
75c
4
2-15
1-10
C.),
6to
1-31
.1-21
1-10
12-31
2-1
1-15
2-15
1-29
$1.50
„
pfd. (quar.)___
pfd.
(quar.)^
2-15
1-29
3-1
2-15
;
8%c
3-
1
Co., 6% pfd. (quar.)—_
Westmore, 6% pfd. (accum.)_____
$1.50
2-
(Tom)
preferred
2-15
'
2-15
75c
♦
12-31
2-15
25c
'j
1-22
1-15
25c
;
1
7%C
(quar.)_
2-1
40o
40c
2-
5
2-
5
12-30
1-13
1-10
1
1-21
$1.50
"« 2-1
1-21
$$1
1-31
1-20
25c
(quar.)_;
3-
1
2-15
75c
1-20
12-31
81V4C
1-20
12-31
1-20
12-31
:
Corp.-
Power & Light, 6%
pfd, C (accum. )__
6%% preferred B (accum,)___
7% preferred A (accum.)—
Ironrite Ironer, common-——;
—
preferred
1-15
1-12
Knickerbocker
2- 1
7
2-15
45c
1
(quar.)
Kings County Trust (q\iar;t—_4',
1-15
1-15
It
1
50c
pfd. B (s-a)u
Insurance Co, of the State of PennsylvaniaInterchemical Corp.,. commori__
8%
1
1-14
3-
60C
2nd
Peanut, com.
$3 pfd.
(quar.),——:.—
Hydro-Electric Securities, 5%
6%
2-
50c
(Joseph)
of
12-31
30c
Iowa
2-1.'.'
2- 1 !
2-15
2-15
3-15
$3
(Houston)—
(quar.)_____L_________
Inter type
2- 1
.1-20
2-
15c
1-25
%
2-1
1
3-15
$1.25
Co.—__
1-10
1-28
2-15
,
50c
(s-a)____
&
1-20
2- 1
1-22
2- 1-1-21
,
1-14
1-15
__•__
2-15
1
1
2-15
Inter-City Baking, Ltd. (irreg.)
2-
1-17
1-22'
.
$1.75
(s-a)
1-25
2-19
1-17
1-25
1-29
10c
Insurance
Insurance
(N. Y.)
87 %c
2-
10c
2-
1
2-
1
2-
1
25c
.
20c
$20
;
(s-a)
2-
1
1-15
1-15
,
1-25
1-20
$1
Leonard '.Custom .Tailors;
....
2-15
1-31
,.15c
.
Liquid Carbonic Corpl, c:6m;'(qu'ar..)_Ji___^
4%% preferred'A •(qusar;)L'-;l__Lil"i^_i'z_
'
1-15
$1
(quar.)
Co.
Lafayette Nat'l, Bank
$4c
1, $4c
$25c
1-20
!■
-V
:
(quar.)______
Insurance
participating
Horne
1-20
Ltd.—
Ordinary shares
Special shares
Canadian
7%
1-17
!
$1
—
1-17
(A.
2-1
4- 1
2- 1
2-1
2- It
25c
Corp., $3 conv.
}
1-15
1
(initial)
(George
pfd,
2- 1
" f
31%c
(irreg.85c
(quar.)——
___
40c
Saco Water
Insurance
2-8
1
1-25
1-31
2-
(irreg.)______!
E.)
Dairy
Home
Hormel
(quar.)—_
&
Ribbon
:
1-20
$1.25
60c
$1.50
Electric
Home
12-31
50c
common
1
$1.50
(final)
__r.
(Charles
30c
(quar.)_
—
Biddeford
2
1-15
t
2-
1-22
0
Realty Co. of Canada—
preferred (accum.)__—I
Hammond Instrument, 6% pfd.
(quar.)
1-
2-1
1-22
12-31
15c
7%
of Rec.
1- 5
1
1-15
Guardian
1-21
$1.25
—_____——
Co.
Quarterly,
1- 5*
50c
(111.), $6 prior pfd. (accum.)_
Associated Telephone Co., Ltd.—
$1.25 preferred (quar.
Bayside Nat'l Bank of New York (s-a)______
&
Life
2- 1
$30c
Fund
Armour & Co.
Best
.
Holderi
Payable
$1.75
——
Trust
Corp.,
V
When
Southern
2-
$1.75
i
Great
r
1
-
$2
___i
(N.
1-20
25c
Globe & Republic Insurance of Amer.
Eank
2-
25c
'
Marine
National
3-10
$1.60
Co.
&
1
50c
.
Goodyear Tire & Rubber, com, ('quar.)_____
5% convertible preferred (quar.)
;
25c
;
Co.
Extra
Gilchrist
25c
common.
(quar.)__
preferred
$7
American-Canadian
Fire
1-15
4-
•
'
$1.18%
RR. •& Banking
Gibraltar
1
12 %c
(irreg.
$7 pfd.
1-22
:.;
1
2-
62 %c
(quar.
com.
1-29
1
2-
■'
20C
2c
:
Sons,
Corp,
Grace
^
Share
—
Filter,
5%
1
2%
pfd.' (quar.)_L_
Boston
Georgia
•
Per
Bullock's Inc.
;
1-17
Township Telephone (quar.)
Smith (s-a)—_—__L_
Florida Power & Light,
Gar Wood Industries
show the dividends
The dividends announced this week are:
Boston
4% 2nd mortgage conv,. debs., due 1957__
1-17
1
w
,
(quar.)___.___„
class A______
4%%
First
which have not yet been paid.
Blue
Price Bros. & Co., Ltd.—
1
2-
dividend)
Cup Co., class A
Filene's' (Wm.)
previously announced, but
Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
we
American
■
46
1940
Then
current week.
$2582
$2583
(stock
Corp._
Buffet. Corp. (irreg.)
Faber, Coe & Gregg, 7% pfd. (quar.)
Fibreboard Products, 6%
prior pfd, (quar.)
Fidelity & Deposit Co. of Md. (quar.)_
are grouped in two separate tables.
In the
bring together all the dividends announced the
$2363
8
1
—Mar
$2198
1
—
Domestic Industries,
$2 preferred
(quar.
158.
Equitable Assurance of N. Y. (s-a)
American Export Lines, 5% pfd. (quar.)—_
American Stove Co.
(quar.)___—
Poli-New England Theatres, Inc.—
1st
we
Adams-Millis
1
stock—.
first
8
.
$2253
Phoenix
preferred
Dixie
Eastern
Beverly Gas &. Electric
1945-1946_______j,___Feb
Shoe
.
DIVIDENDS
..
:
Philadelphia Electric Power Co., 1st mtge. 5%s due 1972_Feb
Hosiery Co.,
$In Volume
American
1st & ref. mtge. 3%s, due
due
.
116
1
'
:
Apr
—^
8
46
notes
issue.
>
Industrial and Miscellaneous Companies
1
serial
—
declared. ;'%■:•-■■-
1966—Feb
Moore Drop Forging Co., class A shares—
Jan
National Power & Light Co., $6 preferred stock-..—:—Jan
Ohio Edison Co., $6.60, $7 and $7.20 preferred stocks__Jan
Pacific Western Oil Corp., 3%% debs, due 1949
—Feb
Park & Tilford, Inc., preferred stock
_—Mar
Pennsylvania State College—
Power Co.,
this
Feb
'■
-
(quar.)
Exchange
which
of Delaware—
1966__i
in
1947
pfd. stock
pfd.
7%
Dividend Shares (irreg.)_______
Dividends
4
Feb 15
-__Feb
Kansas City Gas Co. 1st mtge, 5s, due 1946__—_____Feb.
Lexington Ry. 1st mortgage 5s due 1949
Feb
Monroe Coal Mining Co., 1st mtge. 6s due 1947—Feb
4%%
mortgage 6s due
107
mtge. 7%
Iowa Southern Utilities Co,
$4.50
Packing
3-
2-
$1.50
$1.12 %
Light,
(quar.)____
Diamond
4
bonds, series A, due 1949—
——Apr
1
Eaton (T.) Realty Co., Ltd., 1st mtge. 4s due 1951-—__Jan 28
Elgin, Joliet & Eastern Ry.—
1st mtge. 3 Vis, ser. A, due 1970—;—
!____Mar
Great Lakes Power Co., Ltd., gen. mtge. 5s due 1957—Feb
Hawaiian Irrigation Co., Ltd., 6% bonds dated 1909
July
International Rys, of Central America—
1st lien & ref. mtge. 6 % % bonds 1947
._______Feb
Io\#t Pwr. & Light Co., 1st mtge. 4%s, ser. A, due 1958—Mar
Iowa Power, & Light Co., 1st mtge. 4s, due 1968——Mar
Ref.
Corp.,
Corp.—York Ice Machinery Corp.-
&
3-15
$1.75
(quar.)
Power
pfd.
Deerfield
a
107
Feb 15
Deep Rock Oil Corp. 12-yr. 6% debentures™
Dow Chemical Co., 5% preferred stock
Durham Public Service Co.—
>.
York
Products
Chlorine
Westvaco
$6
50
Apr
pfd.
Dallas
50
•
$2088
preferred stock___
Eppens,
1
1
Corp.
1
1st & ref. 5%s, ser. A
Jan 29
Pulp & Paper Co., 1st mtge. 3s, due 1954_Feb 25
West Virginia
4%%
-50
1
1
*Announcement
Co.—
mtge. 3%%
1st lien 6% bonds dated 1920_
—Mar
Baptist Church, 1st mtge. bonds—Feb
Corp., 7%
Twin State Gas & Electric Co.,
1st
1
—.___Feb
of Temple
Tubize Chatillon
*1728
1
bonds, series E, due 1969
___Feb
7% preferred stock___——Feb
Consolidated Cement Corp., 1st mtge. inc. 6s, due 1950__Feb
1st
Clinchfield
106
Gas & Electric Co.—
mortgage
Cincinnati
3
1
due 1996—Feb
Chicago & Western Indiana RR.—
1st & ref. 4%% bonds, series D, due 1962—_—Mar
1st
1525
Utilities Service Corp.—
American
Purchase money
Trustees
1
2-15
2-
3-
1
2-15
5-1
1'4-15
25c
$1:12%
1
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4247
159
Light,
Bleachery, Inc.—
Lowell
Macmillan
pfd.
$6
Payable
1-25
$2
pfd.
McGraw
Inc.
McLellan
(quar.)_;
Stores
(s-ai
McNeel Marble,
Melville Shoe
5%
67e
Corp.,
preferred
Merchants
&
Mfrs.
Insurance
•
Moody's Investors Service— $3 partic. preferred (quar.)
& Co.
(John)
Mountain
Nashau
1-31
1-25
1-15
1-
City
Copper
Container
—ational'Tea
1
Bower
1-21
Brandon
Air
Merchandise
North
Boston
$3
pfd.
1
1-15
1
1-15
2-
1
1-15
2-
1
1-15
Packer
\2-15
2-
\
1-31
1-27
1-22
Calgary
25c
2-21
California
Electric
1
7 1-18
California
Packing,
1-27
.1-20
Power,
Canada
Northern
50c
3-
1
2-10
Canada
2-
1
1-20
Canada
$1.25
3-
1
2-16
Canadian
1^ 8
$3.40
i
1-15
4, Extra
8
1-
2-15
:
4-
1-
3-15
Canadian
1-20
50c
'2-1
30c
2-15
1-15
1-10
; 2-
Pacific
1-15
1-
8
1-15
1-
8
Carolina
1-
8-
Celotex
1-20
1
5%
Central
25c
1-14
1-3
Central
75c
2-
1/
1-11
2-
1
1-11
Central
2-
2-
$1.50
(quar.—
(Brooklyn) (s-a)
& Coke,
pfd,
6%
(accum.)„__
preferred (accum.).;
/.
Power &
Light
Dept. of Public Service
30c
'
Common
1
7%
1
2-
1
1-20
25c
2-
1
1
1-20
1-31
1-19
1
Rich's,
i-A
Riverside Cement Co.,. $5
Transit
Rochester
r.Rose's 5, 10
$1
Corp.
1-25
(irreg.)
^
2-
1 l7
1-35
2-
1:
1-21*
2-
1
1-20
com... (quar.)25c
2-15
Co!r(quar.)
'Simpson's Ltd., 61/2%
1
2-
1
2-
1
2-10
1-18
2-
1
1
$1.25
(accum.)——-
pfd.
___._-A_.
(quar.)—a
,
.
United
of
Distillers
Canada, Ltd
&
$1
International
5
2-
5
Com
2-
5
Coro,
1-18
1
Inc.
2-
1
12-
1
1-
1-20
2-1
2-
1-20
1
Class
2-21
3-1
De
7 7c
1
1-15
Detroit
1-25
20c
1-13
Diamond
&
(quar.)
4-14
3-14
Kaufmann
Department
25c
7-14
6-14
25C
10-14
9-14
Co,
,
6-10
1
7'; 7
Brothers
25c
2-15
3-1
6-
Kokomo
,8-15
$174
9-
1
$174
12-
1
11-15
2-1
.71-20
$1.50
2-15
2-15
1-20
$1.25
2-15
1-20
2-
J 72C
1-15
1
2-25
2-
4
Rubber
pfd,
$1.50
1-15
1-
6
75C
J 2-15
1-31
Lima Cord
Sole &
Link-Belt
2-
1
12-31
3-
1
2-15
2-
1
1-15
2-
'1
12-31
2-
1
1-15
1-15
12-31
1-22
•
Co.,
Louisville
'
Biscuit
1-20
1-10
1-31
1-
4
$1.25
1-31
1-
4
1-20
1-
8
2-
1-11
$1.50
1
1-14
1-17
1-10
2-
1
1-14
tlOc
2-
1
12-31
5V*%
1-' 7*
Bond
Marathon
2-1
1-14
2-
1-15*
25c
:
Wellman
Engineering Co.
——i.—
Wheeling & Lake Erie Ry.—
5'/2% convertible preferred
■Woolf
Brothers,
Class
-1
B
1
2-15
1-
3
Marshall
1-
7
(quar.)—
1
1-25
1-28
1-20
2-
$1.37V2c
_
Dixie
(annual)—:
preferred
$1.20
W.). Co.,,_i——„^40c
(F.
3-
1
2-10
40c
3-
1
2-19
Wurlitzer• (Ru^nl'ihi
'
Home
-Dome
Stores
Mines
(quar,)__„—__i
& Linoleum
50c
Below
Fabrics,
67c 1st preferred
give the dividends announced in previoui
we
2nd
paid. The list does not include divi¬
announced this week, these being given in the
dends
preferred
15c
common
Field
&
Co.
Melchers
'1-25 A
57c
preceding table
preferred
duPont
"Abraham & Straus, Inc.
Allied
Stores,
Oil
All-Penn
/. 756
(increased) ——
25c
(irreg.2V2c
1-25
common
& Gas
Amalgamated Sugar, 5% preferred (quar.),
Amerada Petroleum Corp. (increased)„_—
12l/ac
.
75c
American Can Co.__^_____--—
American Cities
1
Discount Co.
American
Home
preferred
American
Sugar Refibing,
American Zinc
com.
prior
•
20c
1-10
....
1-14*
com.
1-15
$2
(year-end).
2-1
2- 1
2-2
1-5*
1-15
Lead )& Smelting—
2- 1
75c
—
Appalachian Electric Power—
4)/2c'o preferred (quar.)
—
(new. common)
(quar.)_,
3-30
.6-24
3-10
1-31
1-21
V
2-1
1-21
1-25
1-11
12-15
12-28
$1.12>4
25c
,
(quar.)
—
.
^
$1V2
S2V2
$1-50
62'/2c
SI
15c
31c
2-1
1-20
3- 1
2- 1
2-
de
Nemours
Steel
Products,
Bond
&
$5
preferred
Share,
Stores,
&
7%
1
1-14
1
■;/■/1-13
1-31
12-31
1
1-15
5V27c
1
1-15
1-
3
1-25
f30c
1-17
12-15
2-15
2-
Ltd.
2-15
2-
1
2-15
2-
1
2-
1
1-
3
25c
2-
1
1-
3
(quar.)_
12-31.
1
2-
1
$1.25
;
3-
2-
17':
&
77c
1-31
Federated
4'/4 7c
1-
6
1-15
1
4-
1
1
Co.
of
&
3772c
1-29
$1.0674
1-29
1-20
12c
1-15
1
com
(quar.)
Canada
;
6 7c
prior pid.
prior preferred (quar.)
6%
prior
preferred
63c
—
1-15
3-11
2-
5
1-19
1-19
1-
1-
6
Bros.,
:
_____
pfd.
7
1-
1-20
1
Foods
New Bedford Gas & Edison
12-30
General
Metals
(s-a)
—
$1.1272
40c
si
(quar.)_
1-10
Gillette
Safety Razor, $5 preferred
1-17
Geuetal
bno.e
fquar.)_
$174
(quar.)_
$174
25c
North
preferred
6%
5727c
North
1-31
$1.50
1
1
2-
1
1-31
1-10
1-10
2-1
1-
3
1-15
1-15
2-
71-15
1-15
1-10
1-15
1-15ujc 1-10
25c
2-
2c
1-22
1
4-21
,2c
5-; X
8? I,
.7-22
2c
!0-3p
,10-20
50c
2-;,i
;
$17a
si
Light Co. (quar.)
Northern
67>
Gas,
Illinois
Ontario
preferred
Northern
Northwest
(accum.)
;-1-15
;;
12-31
.1-17
2-
1
1-14
2-
1
1-14
$174
?r 1
1-15
$1
2-10
75C
1-20
.
V
preferred
Power,
New
Engineering
6834c
1-20
—
$1.75
1-15
1-22
(irreg.)
1-10
1-10
1-
3
2-
1
1-15
3772C
2-
1
1-15
1-25
12-31
1-25
12-31
t\2c
common—;
Hamnshire
:
25C
(quar.i
tauar.)
Pv. (ye^r-e"^!
of
—
—
Pacific
RR.
1
'
$1.50
:
$1.6272
—
77c prior pfd. (quar.)
Corp.,. common—
convertible
Northern
2-
..,2-15.,
•'2-15 *
;
Dock—
(accum.)
preferred
Penn
2-15
2-
2-
Investment Corp.—
American
Northern
2-
22-
1272c
1
1-10
•M*
r«uor.)
1-11
15c
50c
10c
Newberry (J. J.) Realty Co., 6% pfd. (quar.)
6727? preferred, Class A (quar.)—
1
2-
50c
1-20
$1.1834
(quar.)_.
Norfolk & Western Rv.. adj. preferred (quar.)
2-
1-15
2-
—;
—
Inc., 43/4%
9-15
1-20
2-
2-
,5c
Neisner
2
25c
1-20
1
25C
56 74C
—
10-
OK
12-31
Liberty Insurance Co. of America-
(quar.)
B
3772C
$5 preferred
12-31
1-20
(quar.).^___—
preferred
6-15
General
Corp.
National
Semi-annual
Products
67&
1
1-28
Corp..
Lead,
7-
1-18
Motors
1-20
1-20
62'/VC
——————
Distillers
377ac
37J/2C
12-28
1
„:
National
National
Newport News Shipbuilding & Dry
57. conv. preferred (quar.)„
_7
1-25
General Mills
1
2-
$1.50
7/;
—
3-15
••;'■> 2- 1
General
2-25
2C
Quarterly ,7_
Quarterly
Quarterly
1
15c
1-5
1-12
12-31
tquar.).
4-
35c
1-15
Welding Machine
3772c
Co.
1-5
1
1-31
——
Electric
(quar.)
General Electric Co.
1
1
2-
$38c
Department Stores (quar.)——
1-15
General
2-1
2-1
2- 1
2- 1
3-
$1.50
B
75c
12-31
(quar.)
34 %c
v
50C
1-21
75c
pfd.
1-20
(quar.)
1-31
1-10
$4.50
2
——
20c
(quar.)
Corp.
1-15
2-
(s-a)———
f35c
(quar.)
Corp.,
7
5
1-5
Baking
&
12-31
'
(quar.)—
common
preferred
;
1
—
f^tiar.)
(quar.)
Malting Co.
Wheeler, 67c
Gardner Denver,
2-15
3772c
Inc.,
preferred
Rubber
Fitchburg Gas &, Electric Light
Froedtert Grain
V.
(quar.)
Extra
National
3-18
4-
3c
Chemical
City Bank (N. Y.)
National
1-20
First Mutual Trust Fund Shares
conv.
3-20
2-
&
2-
5c
—
Mfg
1-14*
1
$2.50
Department Stores.
Tire
Foundation
1
4-
$1.75
convertible
1-
$1.50
pfd. ,(quar.)—.
City Lines, class A
$3 conv. preferred (quar.)
1-17
1,31
2-
25c
1st preferred
National
National
1-17
"$1
$2.50
5 7c
National
25c
r
Electric, $1.50 class A
Firestone
1-15
___________——
•■
25c
Falstaff Brewing Corp., 67c preferred (s-a)_
Farmers & Traders Life Insurance Co. (quar.)
Federal
1-14*
1-28
3772C
;—
4727c
6
(quar.)
Electric
1-14*
1-28
$3
common.—
Electric,
National Battery
6
1-
preferred (accum.)
Hampton
Power,
Narragansett
2-12
7 1-
25c
(The),
States
Y
51c
—
Munising Paper,
1-10
1-18
-sij
J25c
Extra
Foster
1-25
$17a
$1.50
—
(quar.)
(quar.)
51c
7
'
/.;.•/
preferred
3
1-
$1.75
'
.
preferred (quar.)
Power Co., $6 pfd.
(quar.)
Light Heat & Power Cons, (quar.)
Drop Forging, 6% non-cum. A (quar.)
Mountain
1-31
1
1-15
15c
-
Montreal
Moore
1-20
1
1-31
A
Montana
1
Pipe Line Co.
l
Eversharp, Inc., 5% preferred (quar.)_^^__ii_
Exeter
1-15
2-
Petroleum—
certificates
2-
Eureka
Fair
12-27
1-14
2-
2-
$1.75
pfd
Iquar.).
Voting trust certificates A
2-
■■■
$6
12-31
1
$1.75
partic.
preferred
'7: 57c preferred (quar.)_
.*
Co.— •'
1
2-
35c
,7
(year-end)—1——
(year-end)——
Miller (I.) Sons Co., Inc., 87c pfd. (accum.)
Mississippi Power & Light, $6 pfd. iquar.).
Monroe Loan Society, class A
(quar.).—
12-27
1^-
States
Stock
2-
Employers Group Associates (quar.)
-
1-28
1-28
^
Middle
4
75c
(quar.)__.
Eastern
1-15
12-30
$1.25
preferred' (quar.)
Pennsylvania RR.
Electric
$3
Co. (quar.)
Atchison Topeka & Santa Fe Ry., common.
57;.
non-cum.
preferred <s-a)
Atlantic City Electric. $6 pfd. (quar.U
Atlantic Ravon Corp.,"$2.50 prior pref. (quar.)
Atlantic Refininqr. 4% conv. nfd, A quar.);..
preferred
6-24
• "
Apponaug
Plywood Corp.
.
1-14
7- 6
7- 6
preferred
Anheuser-Busch. Inc.
$1.25
2- 1
2- 1
2-1
30c
(quar.)..
(accum.)
———
$1.25
Amoskeag Co., common (s-a)75c
$4V2 preferred''('s-a$2.25
Ampco -Metal, Inc.,-common____i_i.C-d.__-'
10c
Anchor Post Fence, 6% prior pfd. (quar.)—
$1.50
Anglo-Canadian Telephone—
—
v
5V2% preferred (quar.)_——_—J683/4C
Anglo-Huronian, Ltd. (interim)—.——10c
Atlas
1-10
1-15
1-15
1-20*
37J/2c
Traction,
(quar.)—
&
"American Light
$5
/ 12-31
~
37,/2c
$1 i
of Georgia, $2 pfd._
Products Corp. (monthly)..
American
6%
1-15
1-20
,1-15
2- 1
1-31
2-15
A
Conv.
:
rV-Wryr-s---.
Power & Light—, ..
...
optional dividend. series
(stock
dividend l/64th sh. of class B or cash-.
East
2rl0
12-21 (fj
$75c
(quar.)__
(E. I.)
$4J/2
Industrial and Miscellaneous Companies
4
pfd. (quar.)
1-15
2-
$1.50
7.
Merchants Refrigeration, 77c preferred..—
Michigan Bakeries, Inc, (irreg.)
$7 preferred (quar.)
$1
preferred
(quar. )_A—'
t $1.3714
A
Dominion Tar & Chemical, 5Vfe'%
Dow Chemical Co., common,..
1-31
$3
Co., Ltd.—
Distillers, Ltd., 67c
Mercantile
1-31
75c
20c
Common
8
5
3-20
4-
50c
(quar.)—.
Oil
1-14
1-
,
1
2-10
$134
(quar.)—
(quar.)—
1
1-15
10c
•
pfd.
McCrory
■iCofV-la oq
1-
1-18
12-31
2-
$1.3174
:—_—•_
Co., 77c
-t 15c
(year-end)
.7—
$1.25 ■a
Stores Corp., 5% pfd. (quar.)—7_
McLellan Stores, 6 7c preferred (quar.)—. ■:7;. $1.50
1
1
1-25
'
—
i. J3772c
(quar.)
(quar.)
2-
2-11
2-25
25c
1-15
$20c .'■/:■ 2-
(quar.)_^
common
3-15
1-15
37 72c
(Ky.), com...
Fund
(B.)
5
1
1
1-11
1-15
2-
1
4-
2-
1
3r{l)(.*.{
3-
1-20
$1%
Valley RR. (s-a) ——
Co., $3 preferred (accum. )_.7A—
$6 1st preferred
(quar.)—
.7
McCall Corp.
(quar.)—
—
5
1-29-r:
•
i30c
7—;,^
Dominion
:
(quar.)
G.
1-10
$1 78
McColl-Frontenac
2-
15c
f30c'
Extra
12-10
1-10
2-1
t40c
Dominion Oilcloth
weeks and not yet
!
$174
—
1-21
12-20
3-17
'■'2-21if i
750
Ltd
1
10c
Maytag
•12-27
6 7» c/c
_____
2-
2-
fo;.) iby i;>
———
1
1-31
50c
participating preferred (s-a)
Co., Ltd., ordinary (interim)
Distillers Corp.-Seagrams, Ltd., 57c
pfd, (quar.)1
3-14
"7 2-
'•
1-20
Co.—
67o
1-14
1
877aC
Massawippi
1-24
1772c
Distillers
Inc.-^-
partic.
Woolworth
3-
10c
/
1
4-
$178
—
■
2-
$1
■
3-31
25C
'
1-25
2-15
,
1
20c
(quar.)_____.......
Paper Mills,
1-17
2-
1-15
1-25
75c
iquar.)
preferred (quar.)
Manhattan
1-25
1
2-
37 72C
(quar.)
Co.
1
$1.75
177ac
■;
.
•
Co.
1-28
1-28
—
Electric
&
1-18
-
1
15c
(quar.)
Heel
common
Gas
2-
25C
—
1
1-28
-2-
Luzerne County Gas & Electric—
i;:2-;iv. '/■l-2i;;;
65c
(quar.)
2-
10c
6V2%
preferred (quar.).
Liquid Carbonic Corp., V/%% pfd. A (quar.)
Loblaw Groceterias, Inc., common (reduced)
Manischewitz
common
2-25
...
15c
—
1-15,.
1
20c
Liberty Loan Corp., $3.50 pfd. (quar,)—
$1.50
1
;
Lerner Stores,
^V
1
i__._
preferred
1-15
22-
3-
(quar.)—
6
4V2 7c
3
12-24
75c
67V pfd.
preferred
1-
1-21*
1
1-15
$l3/4
i—
convertible
2:■
$1.0674
—
(quar.)
1-
Y.)—
Navigation (resumed)
Works
...
1-10
2-1
50c
1-15
.
1
10c
(irregular)
Tire.——.
&
.'
Y-10
!
1
2-
$1.75
Lehigh Portland Cement Co., com. (reduced)
4'!o
'2>'
15c
60c
50c
Co.,
(quar.)
2-
60c
1-15
$1.25
Stores..
Valley Gas Co.,
Leece-Neville
1-15
1
25c
(quar.)____
35c
$1%
1-15
2-28
l$17a
7."
common
Water
Lebanon
Lee
$1%
preferred
& Furnace Co.
Krueger (G.) Brewing (irregular)
Lane Bryant, 77c preferred (quar.)_-___
Lamaque Gold Mines, Ltd. (interim
Lazarus (F. & R.,) & Co. (quar.__
1-20
$1.25
.
1
1
2-15
$$17a
_-•
Co., 67;c
Kroger Grocery & Baking—
7% 2nd preferred (quar.)—
5-15
/■
1
,$1.75
$ 114
22-
$23
(quar.)17__:
(quar.)
Kennedy's, Inc.,
$1.62 7a
1-10
1-14*
1-28
25c
.__7
Knitting Mills, common
Loose-Wiles
(quar.)
5%
.;
Kellogg Switchboard & Supply, common——
57c
preferred (quar.)________—________
Ry.—
(N.
common
preferred
1
2-
(quar.)..
...
25c
Mfg
Cleveland
Alkali
preferred
Stove
50C
7%
7-
8772C.
Kalamazoo
$1
Co.,
$2
$1.75
Kable
(quar.)
Vilbiss
2-15
———7—7_
1-15
—
Detroit Gasket &
1
Utilities Corp., $3.50 pr. pfd._
Department Stores, common.—.
Interstate
'
-
2-
A
"A"
preferred (quar.)—.
1-15
Manufacturing
1-15
3-
Canada-—
of
2-19
—
Rubber
Co.
1
1-
Dayton
1
preference
1
1-25
1
1
$172
(quar,)___
new
convertible
7rIc
1-15
22-
1-15
2-
;7r'.
convertible
3-
1-31
2-15
2-15
;
67c
International Nickel
5
$3.50
Publishing, 7 7c pfd. (s-a.)
Crown Drug Co., 7% preferred (quar )
43%c
Crum & Forster, 87/>
$2
preferred (quar.)____' iA-v.
Cunningham Drug Stores (quar,)___
25C
Davenport Water Co., 57c pfd. (quar.)——_
$1.25
1-20
1
——
67c
1
2-
Crowell-Collier
1-18
2-
1-20
2-
Industries, Ltd.—
preference (quar.)____.
2-1
common
Refining,
1-12
2-10
$1.50
—
Corp.,
75c
,
Products
1-15
2-1
30c
International Metal
Electric—
Trust
1-15
12-31
1-27
(quar.J.¬
12-31
$3
Co.,
Bank
Detrola
$1.75
preferred
Baking
1
1-15
International
pfd. (quar.)
.;
1-15
$1.25
pfd.
——....
(reduced)_!„
(s-a)—:
Exchange
Quarterly
dividend
preferred (quar.)
Jewel Tea Co., Inc., 474 7c
Co.
2-
—
57c
>■
12-31
1
i.—
Jantzen
Co.
1-18
1-25
$1.75
(monthly)
(s-a)
pfd. (quar,)
—__
Electric
g.td.
1-10
(quar.).—.,——.________
(irreg.)
1-28
:
40c
(quar.)
1-15
iquar.)
1-18
2-
——„
1
'
1-25
1-28
l$3 72
1
1-21
$174
2-15
$1.75
1
-•
Edison
$1
Machine Tool (quar.
International Match Realization (liquidating)
1-28
$174
1-25
70c
...
Y.)
(N.
2-
,
1-25
2-15
25c
2-
Pacific
4
2-15
<■.
25c
3-
,
1-15
1-14
2-
$1
75c
lc
Power Co.
47c
1
1
2-15
$1.50
15c
$1.25
__
preferred
Ltd.
Lines,
22-
$1.627a
iquar.)—.
$1.50
preferred
Ohio
1-15
International
•
Southern
1-25
1
(quar.)
preferred
Stock
12^31
7%
1
2*
12-31
1
Texas
6
2-
68 %c
—
1
2-
(quar.)„
&
8
1-
(quar.).
International Business Machines—
"
$10c
—
Orl.
New
(quar.)
(quar.)___
1
17C
Corp.
1-
1-20
$1.75
(year-end)—
preferred (quar.)
preferred (quar.)
$5
1-15
(quar.)
2-14
6834c
2-
$174
—____________
Continental
2-15
$1.50
Tung-Sol Lamp Works—
, ->>
>.
80c conv.
pfd.. (quar,_ur—r——
•
2-15
2-
______
pfd.
1-
1
1-15
(quar.)
2-
f$1.50
t$1.50
(quar.)
i—
Consolidated Laundries, $7.50 pfd. (quar.)—
Consolidated Royalties, Inc., part. pfd. (quar.)
2-19
3-10
pfd. (quar.) ——
$1.75,
$6 pfd.
(quar.)———
A$1.50
Toledo Edison CO;, 5%' pfd. -(monthly41%c
•76'/* pfd.■ (monthly)
A A.—ALAA/50c
7%
pfd. .(monthly)———:
58V3C
Trane: Co./ - com, (quar.)
127ac
Extra
__aaAa~7/777, 5c
6%;
12-31
■
1
——
Corn
93%c
317#c
_______
Oil
Cotton
preferred
$5
1-15
Wells,
3-15
=
3-
Indiana Associated Telephone Corp.—
Consolidated Edison Co. of N. Y.—
\
1-15
2-
6v2%
67o
4-31
25c
•
1-10
;
Connecticut River Power, 67« pfd. (quar.)___
-Consolidated Cigar Corp.. 6'/2% pfd. (quar.)
1-20
.
::
pfd._A__YAAL.A_ $$1.6272
:$1.25 pfd.
(quar.i—,
Texas Power & Light, 1%
1-10
1
2%
(quar.)_
6% preferred (quar.)
Concord Gas (N. H.), 7% preferred (accum.)
Connecticut & Passumpsic River RR.—;
2-1
3-
6V— pfd.
(accum.)— _.._.A—AAAV 1
$2
Spencer Kellogg & Sons—
New com.
(initial, quar.)—45c
Struthers
I
2-
2-
•
Concord
1-17
120c
•
■
2-
+ $1 74
?$1V4
preferred (quar.)
5% preferred (quar«)________________
5% preferred (quar.)____
5% preferred
Commoll,
2-10
,
2-1
8772c
25c
___________
,
1-10
$1.75
Copper
Commonwealth
-
2-10
2-21
t$1.37 7a
(quar.)
2-15
1
Electric, 6% pfd. A (quar.)
preference (quar.)
Cumulative preferred 5% series (quar.)—
#
1-15
—«,•20c
Sharp & Dohme, $3.50 preference A
Sheraton Corp.
(quar.)———,
1
2-
(quar.)
Pasco
Columbus
1-15
1-25
$1.25
50c
Saguenay Power, 5lh % pfd. Tquar.)——
Secord (Laura) Candy Shops
(quar.)——
'Silex
1-20
75c
pfd. (quar.)——_
4-
y
3-15
(quar.)_—
Hummell-Ross Fibre Corp., 67c
Illinois Central RR. Co.—
'
(quar.)_————J—25c
Shops,
pfd.
conv.
2-15
8
1
(quar.)
Bartlett
Lighting &
Leased
$85c
5%
1-20
$1.25
—
and 25c Stores, (quar.)
Saco-Lowell
,
,7;
35c
(quar.————,
Inc.
Rike-Kumler
2-15
2-
12-28 i:
137 72c
Columbia Gas &
4-15
-
2- 1
—
Clinchfield Coal Corp.,
;
35c
'
interim)....
...L:,'
4-15
1
interim——-.—-——
:
2-15
t$l7a
$6
~
5%
1^20
2-
5-
(quar.
f$3.50
$$3.50
&
& Hardart Co.
77c
'7; 12-20
25c
Light Co., 6%
preferred
de
Cincinnati
1-25
1-25
;
Chickasha
5-
B
tl5c
12-30 7
1-26
(quar.)
•
1-24
15c
Class
IOC
1-15
Cerro
2-
Houston
1-10
Century Ribbon Mills, Inc., 7%
1-25
Horn
1-31
1
1-25
1
1-31
4-
60c
Holly Sugar Corp., common (quar.)____.
77c preferred (quar.)
Holt Renfrew & Co., 1% pfd. (accum.)
2-15
3-15
$17a
preferred
6%
common
Monthly
Holly Development
2-15
1-17
1
/
Spencer
62 7ac
1-17
1-24
(quar.)
Extra
Horder's, Inc.
1-20
Investment Corp.—___—
York Power, 57o pfd.
Power &
Powder Co.,
37V2C
1-24
4-
;
&
1-15*
2-
(quar.)
(A.)
Hlbbard
1-15
1
1-13
3434c
$4 convertible preference
•'
1-21
1
Brewery—
(quar.)
Hershey Chocolate,
1-10
2-
y
tZlo
1-20
75c
5c
■
__—
common—
preferred A (quar.)————?
V
75c
1214c
12V2C
1-20
2-
2-1
2-1
$$1.50
(quar.)
1
6% preferred B (quar.)————15c
Reynolds (R. J.) Tobacco—
'
Common, (quar.
f20c
______
Ohio
1
■
•
—
$3 preferred (quar.)
Republic Investors Fund,
1-15
Ry. (quar.)—_
(quar.)——______
&
(qutfr.)
Quarterly
Quarterly
Railway & Light Securities-commoh——A ;
15c
6't>
preferred A (quar.)—• v-$1.50
Raymond Concrete Pile (quar.)—.
25c
,7. ■* Extra,
1-15
1-21
1
2-
13'!4C
(quar:)_
Hercules
1-15
1
2-1
f$l
2-15
$1.75
—50c
(irreg.————
Subject to the approval of the Washington
Sound
Puget
1
2-
UOc
2-15
$1.50
—
(quar.).;...
2-
$25c
rights)—
'
Gamble
&
$1.75
■r
Western
Co., 77c preferred
Light (quar.
Hartford Times, 5V2% preferred
Hat Corp. of America, 6Va Vo pfd.
5
L50C
Central New
—J—-25c
Procter
1-
1
2-
25c
Electric
1-31
1-15
y
2-
50c
(quar.)———_—______
Hartford
Hudson Gas & Electric—
1-17
1-17
*;•/ —75c
.
2-29
HVaC
$47aC
$$2
+40c
$1.75
(quar.)
preferred
Harris
1-10
50C
Corp.
preferred
67c
1-10
(quar.)—
(founders
■
1-10
•
7%
'"4
1-13
1-25
common
Brothers Co., $2.40 conv. pld.
Harbison-Walker Refractories—
1-10
Corp., Ltd. (quar.)—
4% non-cum. pref.__
common
preferred
2-15
Bank
Portland Gas
7%
2-
2-1
—w
1-20
Co.
of Reo.
1
1-25
$1.50
;
Halle
6
1-17
Ry.,
Clinchfield
Corp.",
1-
L.)
2-
Holders
15c
preferred iquar.)_
(quar.
7
preferred
5Vu7c
+$1.75
j
:
Co.,
When
Payable
—
.
Griesedieck
1-17
"<
40c
_______
Ltd.
1
1-15
75c
<quar.)_
(quar.)
:
2-
J38C
Capital Transit Corp. (irreg.)___
Capital Wire Cloth & Mfg.. $1V2 pfd.
,i;1-15
10c
,
3-24
A
(quar.)____„
common
Celanese
Canadian
1
15c
3IV4C
—
(quar.)——
3-10
3-31
————_—
preferred
15c
Extra
preferred
Canadian Investors
'
conv.
com.
3-20
:v
—
Breweries, Ltd.—
preferred (quar.)
Co., Ltd., common (quar.)
1
conv.
pfd. (quar.)
Pennsylvania Gas Co.
1-10
Auv $1 V
Power
1-15
60c
6'k
1
convertible
60c
Peoples Nat'l
(liquidating)
Power, $3 pfd.
3-
8772c
—_________
(quar.)
Penman's Ltd.,
2-
15c
Canadian Bronze
.
com
5uc
$1.50
Corp., com.
Starch, 7preferred (s-a)
Southern Ry. Co. (s-a)
15c
pfd. A (quar.>__——
1
pfd. B iquar.)———————
Pearson Co., 5% pfd. A (quar.)—..*—_■
1-15
preferred (quar.
Callite Tungsten Corp.——
1-20
25c
Securities
1-15
1-31
(H.
5V2 7o
1-15
1-31
Green
12-31
1-25
Wk
12-31
1-29
vtc——40c
.Payne Furnace & Supply,
6%
1
1-15
12-30
'2-15
1st
3-15
;
1-21
'
.—
2-
2-
Extra
Greyhound
62 72 c
•
preferred (quar.)
80c 2nd partic. preferred (quar.)
-
1
1-10
1-20
$1
(A, M.)^ 1% preferred (quar.)
Linen Mills, Ltd., com, (interim)__
$1.50
1
15c
Caldwell
1
1-17
2-21
(quar.)_—75c
& Rubber, com._____——
' ; 20c
Corp.
Bros.
Bunte
Hosiery
1
(irreg.
Brooklyn-Manhattan Transit
Gotham
2v
(quar.)__
common
2-
22V2c
22V2C
^Brooklyn & Queens Transit (liquidating)—__
Broulan Porcupine Mines (interim)
25c
"<
B
3-
50c
2-
'"
&
50c
(quar.)
prelerred
Light
Gas
(quar.)___
Belyea, class A,
50c
50c
pfd.
common—'
preferred
Class
2-28
1
Wares, 77c
Brothers,
Gordon
Bearing
2-
Byers
preferred (quar.i—______
_
—
United Filters, class A. (quar.).——
7 'fa:
•
Oliver
1
Corp.,
2nd
67<f
Norwalk Tire
Overseas
1
2-
Steel
$25c
(quar.)——.—
Brockton
Co.
common
Co.
1-15
I } 75c
Lighting Properties—
and
2-
2-15
______
1-20
'
Common
2-15
;
1;'
-
■
10o:
•„
——____
1
$1.50
$1
(quar.l_AA__A
Newberry (J. J.) Co., 5—pfd. A. (quar.—
$6
$114 A
„—
2-
.___
Brake.—„————
1-15
(resumed)——
2-
preferred (quar.)A7
1334c
(increased quar.—
$1.25
New Brunswick Telephone Co., Ltd. (quar,—/,. . 113c
New England -Fund (quar. )••
15c
York
1-21
Class A (accum.
British Columbia Telephone—
Co., 572%
York
Gimoel
(quar.)
(quar.)
Roller
1-21
1
Naumlceag Steam Cotton
New
1-15
(quar.)
$1.50
(irreg.)————
1
———
Brothers
Edison
Boston
6
pfd.
conv.
1
Inc.
B
1
20c
^_r
Y.)—
Co., Class A (quar.)„
Class
•i:
2-
(quar.)
iNew
(N,
Paper, class A
$2
Inc
Bloomingdale
2-
50c
(irreg. )„——___A- —— 10c.
Manufacturing Co.
National
40c
Foods,
Bon Ami
-
(increased)
2-
—
$1.75
si.50,
preferred (accum.) ——————— • •
6—preferred (accum.)"•
Mine Hill & Schuylk.ll Haven RR. (s-a)
Morrell
1-17
12-31
J
$6
General
(resumed)-——
Hedges,
Blair & Co.,
8
1
1-20
&
50c
prior lien preferred (quar.)———— }
prior lien preferred (quar—————
$6
1-
1-15
L_
(s-ai
Michigan Gas & Electrio—
7%
Benson
$1.25
*
_
1-20
-
Aircraft
Bellanca
1-
2-
(quar.)———
common
(quar.)
*«r
share
Name of Company
1
5c
Insurance
—
Bathurst Power &
1-
4
$1.50
(quar.)_____„__" :
1st pfd.
11-
1-14
1-
30c
.7
of Ree.
2-
1272c
(s-a)
Extra
25c
r__
American
Common
30c
_■_
Holders
$1.25
Co._.
Rubber
Baltimore
5-
Bests
...A
i—
Baldwin
3
8-
11-15
$1.50
(accum.—
Electric
McKales,
When
Payable
(quar.).
"
c
pfd. (quar.I
Massachusetts Power & Light Associates-—
67«
preferred
$1.3772
2-
5-15
8-15
6'M
Marquette Cement,
1-
6
2-15
(I.), 6'/« pfd. (quar.)
$1.50
pfd. (quar.).___:.:_____________$1.50
6% pfd.
<quar.i__.i___:
—
$1.50
6% pfd.
<quar.)___
**.1—••
$1-50
Maiden Electric (irreg.) _;
$1.05
Magnin
Powder, 5%
1-20
1-
i
Atlas
1-13
$1.50
75c
.
.
Per
Name of Company
0/ 2?eo.
1
2-
25c
(quar.)__
-
iextra)__
Co.
When
share
Company
&
Power
share
Hotaert
Per
Name of
Louisiana
257
t$l
SI
i—
51.50
(quar.)__
1
—
25c
2-
1
1-
4
1-31
1-13
1
1-15
2-
'
THE COMMERCIAL &
25$
■';'
•
...
When
share
Payable
(Del.)—
(accum.)___
Northern States Power
6%
preferred
7%
preferred
<
(accum.)
Portland Cement (quar,)
5%
Ohio
Gold
Mines,
$7.20
Edison,
preferred
$7
.—
1-29
Outlet
California—
5%
preferred (quar.%——
,,4
Pacific Lighting
Corp. (quar.)...
Pacific Public Service, $1.30 pfd.
(quar.)__
Tarke Davis & Co. (Irregular)--,.-.-—wV--.
Corp. of
Pacific Finance
$1-25
^5c
32%c
30c
Parker,(S. C.) & Co., class A (quar.)_-__--44V 50c
40c preferred (quar.)—-———rr——
.
10°
Pelham Hall (irreg.)
_______
50c
Peninsular Telephone, $1.40 cum. cl. A (quar.)
35c
Penn Traffic Co.
(irregular)
15c
Pennsylvania Power, $5 preferred (quar.)—
$11/4
Philadelphia Co., common-—
20c
Philadelphia Electric,"4.4% pfd. (quar.)—;—
$1.10
Semi-annual
22-
B common
three shares of class
dividend)
held
shares
100
each
for
&
A
class
Co.,
Prosperity
Corp. of N. J.—
.
,
1
1-17
2-
1 '
1-20
3-
1
;
50c.:
15c
——_—.++15c
___
Quarterly
Extra
(N.
Y.)—
.
Insurance
Rochester-American
—r
*
__—_,
4;4- 25c
5c
25c
—
Co., common (quar.).
;:
preferred (quar.)—————_
& Power (quar.)
Holland Paper, Ltd., common (quar,)——
_
6 %
preferred (quar.)
———_
+ •;
Button
Rochester
$1.50
St.
13c
15c
$1%
$1%
$1.25
135c
Light
preferred (quar.)__—.
Joseph Ry., Lt. & Power (quar.);
Lawrence Flour Mills, common (quar.)—
Roos
St.
3714c
conv.
Rockland
$6.50
Brothers,
preferred (quar.)—
& Schenectady RR.
7%
$$1.75
——
(irreg.)—
N '$2
Schenley. Distillers
«i,— 444 50c
Scott Paper Co., $414 preferred (quar.)—
$1%
Saratoga
(quar.)
preferred
$4
Sigma Mines (s-a)
Silbak Premier Mines,
Oil
Sinclair
Mills, 6% pfd. (quar.)
1
1-15
1-14
1-20
2-
2-
1214c
.
3714c
4 120c
—
common
(quar.)—
(quar.)_————$1.20
preferred
(quar.)
preferred
$1%
———
Springfield Gas Light (quar.)—_—_________
Squibb (E. R.) & Sons—
$5
preferred series A (quar.)——_
$4.25. preferred series B (initial quar.)
Standard Brands, $4.50 pfd. (quar.)
_____
Standard Dredging Corp.. $1.60 pfd. (quar.)
Standard Wholesale Phosphate & Acid Wks.—
Common
————
—___i_—
Stanley Works (The). 5%
Stearns
Manufacturing
40c
1-25
12-17
1-20
2-
1
1
1-20
1-20
12-31
conv.
,
5%
Wood
1-21
6 %
preferred
Ltd,
4-20
1-15
2-
1
1-15
2-
1
1-15
2-10
1-25
1
6-
'
■,
5-15
Other loans
:
5-31:
5-15
•
1-19
•
1-
2-
1
1-21
2-
1
10
2-
1
10
...1-10
2-1.
50c
2-
1"
1-25
2-
U.
•
1-2^
•:;'
1
Debits
2-15
5-15
4-29
18%C
8-15
1-31
'
18 %C
4
2-15
.
of
banks
7
1^-
7
1-20
1-10
3-
1
2-19
2-
1
1-15
2-
2-15
ended
1-15;
.
1
1
$$1.75
•: 2-
i
1
000
2-
1
1-20
25c
1-19
20c
2-
'4
+
.
•
88
49
48
$114
$1.0614
$1.12V2
40c
S,
Gov't
14,314
1
'
(In thousands of dollars)
,
4
4-15
,1-15
2-
$37 %C
'
1-15
1
\
:•
.
Assets—•. '+
1
due from U. S. Treasury
10,142
+
353,5101
16,944
—
15,076
—
Total reserves
20,115,513
4
Bills discounted;
4 4,
^
Other
Federal
U.
101
of $304,000,000
t'
?
•
-
>
'
1,975
+
37,500
+
1,473,800
Bills
7,027,777
+
164,823
+
6,227,826
11,854,829
+204,298
+
5,879,688
11,912,357
+
220,857
+
5,917,199
+
1,257
+
29,027
—386,917
+
308,896
§r;
Total
—
U.
S.
securities
Total bills and
from
obligations totaled $741,000,000; loans to
1-18
4-
1
3-10
chasing or
2-
1
1-10
Loans to brokers and dealers for
1-28
12-28
12-24
1-25
2-15
others
1-15
v
1
V
2-15
2-15
1-20
2-15
1-20
2-
1
2-
1
■■
115
1-20
1-
1-15
purchasing
for
to
purchasing or carrying
i
Other
$30,000,000 in New York City, $17,000,000 in the Chicago
District, $10,000,000 each in the St. Louis and San Fran¬
cisco districts, and $86,000,000 at all reporting member
banks.
"Other loans" declined $86,000,000; a large por¬
tion of this decrease apparently resulted from a reclassi¬
fication of such loans as loans for purchasing or carrying
securities.
'
2-1
1-15
1
1-15
2-
3-
3-15
3-
1
4
3-
1-29
1-23
12-24
7
———4
20c
1-28
(quar.)—37V2C
50c
$114
$10c
1-20
Pursuant to the requirements
(quar.),
—.
accts.
Total liabilities & cap.
to deposit &
liabilities combined
Commitments to make indus¬
Ratio of total res.
trial
tifying daily to the Secretary of the Treasury^ the buying rate
world. We give below a record for the week just.passed:
FOREIGN
Texas
Water, $6 prior
preferred (quar.)——.
Mfg., $3.60 preferred (quar.)
Manufacturing Co..
Thatcher
Thomas Machine
Gold
Toburn
Union
Oil
of
Electric
Co.
$1
He
.
—
Corp. (s-a)
California (quar.)
Transamerica
Union
—_■
—
,
Class
B
1
3-
1
1-17
2-15
1-31
Jan.
1-22
& Tool
advances
(quar.)—
Co, $4.75 preferred
(quar.)
1-31
4-15
2-10
1-10
1-31
1-31
6.36%
6%
Austrafia,
1
1-17
2-15
1-15
1
1-18
2,127
5,343,376
'
392
+
'',-155,328
-4
8,857
.+
4
188,097
+
:'
26,965
27,686
-
136
+
+
60,926
11,87.4
_
4*+5,391,929
-148,609
33,932,514
-.4. 62.5%.:
15.0%
—
;
1,920
—
——
Official
: :'4'
——•—-
*
4"
v
:
3.228000
.060586*
.s
.051275*
.
.
;•
;
.
——
.896093
.
$
Jan. 13
.
V",;:4 :"'4."
4-
S
i'
.251247*
3.228000
3.228000 us
4
.
■
.297733*
,
'
.051275*
.
••:%:
•
'hV
.060586*
/:•••
'.205820
4'1 .896953.
.301215 '4
.2058204'
r-
,
4.; 4 .060586*
4
.051275*
-
.;
4/1.051275*
;
South Africa,
pound—.
Controlled
Noncontrolled——
,
.894375
■
3.244203
3.244203
3.244203
3.980000
,
3.980000
3.980000
4.035000
.205820
':
.909090
.909090
3.244203 +
.
..893750
.572766*
4-
4.O35OO0
4..;;
.205820
.301215
.301215
.909090
.892083
3.980000
3.244203
3.980000
•'
.891250
3.244203
4893750
,894583'
...
.5727*66*
;
.909090
'
.894453
■
.205820
4 .909090
.909090
.572766*
V
.301215
.205820 ;
•
..896250
...909090'
•
4.035000
•
.301215
4
.
.
■4. '
4.035000
.909090
———
.
.
•
.572766*
.572766*
4.035000
4.
.909090
.909090
.896953
...
.301215
———
pounds—
♦Nominal rate.
•
> . '% 1 .297733* •;4
V 4. .251247*'
4 " 3.228000
t
Jan. 12
..•■••
■
•
.li -4.060586 * 44,
;.051275*
.893750
1-15
>
.060586*
14,4.
.051275*;
.909090
.572766*
Uruguay, peso—
New Zealand,
.
-
1.44
-
44 3:228000
■
$
.297733*
.297733*-,; ;
.297733*
4' •
44 .251247* 44 •^■4.251247^+ +V,'.251247*.
I'4.035000
:
Newfoundland, dollar—
Official
—
Union
1-15
'4 1;;.■!•
"*
—
India (British), rupee
1-15
1
..
.251247*
* .060586*1
4'
;
England, pound sterling
1-18
2-
$.
1
1
1
/•;
:
;
"
New York
Jan. 11".
S
"•
4.909090
—
1
2-
Buying; Rate for Cable Transfers in
~4':"
Value in United States Money
"Jan: 10
v
•
'
Free
2-
1-15
, :
.
Hf
y-
Official
of
';+44
.297733*
————
2-
1
;
INCLUSIVE
-1 Jan. 8
■
444 $
1
Canada, dollar—
$1.18%
50c
•4
Free__,__,
2-
4
4 :;; 3.228000
4--;,-
pound
Braxil, cruzeiro—
2-
(monthly)———;___
.'.->"'4
———————.—;
Official
15c
5814c
53c
prior preferred
•
il"'::44-
Argentina, peso—
Mexico, peso
»
& Railways Co. (Del.) —
preferred (monthly)
prior preferred (monthly)—-——
prior
+
BANK* TO TREASURY UNDER TARIFF ACT OF 1930
FEDERAL RESERVE
Jan. 7
Colombia, peso________
United Light
1"f,
185,274
/
760
+
—149,776
of 1930, the Federal Reserve Bank is now cer¬
for cable transfers in the, different countries of the
7, TO JAN, 13/ 1944,
Country and Monetary Unit
10c
Corp, class A
BY
-
2-
—108,644
6,135
Nooh
12-15
2-22
2-15
$1.25
$38c
RATES CERTIFIED
12-31
2-15
.
—„
__——
United Drug
2-
12-17
$1.25
(accum.)——.
(quar.),
United-Corps., Ltd., class A
United Drill
1
3-15
4
$1.12%
preierred (quar.)—
preferred (quar.)—,
United Cigar-Whelan Stores—
$5
preferred
25c
25c
2-
1
1-
EXCHANGE
.''-'4.+ 4;JAN.
1-15
of Missouri—
$414
S5
$1V2
90c
J
— —
—
Mines
50c
.
1-28
2-
"368,935
of Section 522 of the Tariff Act
1-15
(Calif.)
77,899
30,102
33,501,198
—
1-15
1-28
Bridge, 5% pfd. (quar.)-—
Tech-Hughes Gold Mines, Ltd. (interim)—
Texas Gulf Sulphur
(quar.)——————
29,452
Foreign Exchange Rates
4
3-15
Ray Drug, common (quar.)—,——
Mold Corp.
+
liabs.,
(Section 7
/
Surplus (Section 13b)
Other capital accounts——.—
1-10
Super
615,068
63,890
2-18
1
2-15
Tacony-Palmyra
309,596
+
1,314,173
—
Capital Accounts—,
paid in,——;—.44—
deposits-adjusted declined $60,000,000 in the
Cleveland District, $45,000,000 in New York City, $37,-
—322,947
400,477
Surplus
Demand
477,830
638,332
15,284,571
Capital
...
4,787,040
1,444,503
Total liabilities
6
5,391,929
+
+199,503
availability items,—.
incl. accrd. divs..'
Deferred
+
11,790
—
12,801,259
acct.,
—
Total deposits
•
■
—1487609
16,896,319
—
Other
28,584
—
1,118
+
,
Foreign
carrying such securities were
or
•
U. S. Treasurer—gen. accts.,
v
$565,000,000 and loans to
63,226
33,932,514
assets
lilaMItles—
4,079
35,200
4
;
Member bank— reserve
Commercial, industrial, and agricultural loans declined
2-15
3-1
amounted
securities
$302,000,000.
12-31
1-20
3-
other
assets
Total
States Government
4-
4i;
premises
Other
others for pur¬
carrying such obligations were $338,000,000.
2-25
1
preferred
89
Deposits:
purchasing or carrying United
Bank
,
2-
6%
1,716,388-
F. R. notes in act. circulation.
;.■>
+
4'89,694
Uncollected items __1_——
for
$1
$1.1214
20c
Extra
,
4+136
foreign banks——
F. R. notes of other banks
Due
667,159
—,
securities,
Govt,
direct and guaranteed—
444
1-20*
1-17
{accum.)————
class A pfd. (quar.)—
1,634,352
'
(,77.900
1-20*
1-20
414%
—1,154,-779
+
2,514,800
^
1-20
1
preferred
—44;, 2,488
direct
,
.
Bonds
\
.
,
securities,
guaranteed:/
Certificates
.
and an in¬
_
Govt,
v44, -Notes 4!—4,
in deposits credited to; domestic
1
S.
and
deposits-adjusted, and $347,000,-
Government deposits,
United States
in
System t in
Reserve
4,037
39,999
+
373
Industrial advances
leading
the following principal changes for the week
5: Decreases of $136,000,000 in total loans,
the
-44,036
1i!-7
16,186
1
1
Co.,
830,619
16,186
discounted
bills
1
2-
2nd
229,788
4 50,695
■
Total bills discounted
2-
2-
Oil
—1,009,712
12,010
261,433
2-
K7
$4
: ..
Jan.13,'43
Jan. 5, '44
19,500,570
casb
2-10
10c
~
(—).Since
Redemption fund—F. R. notes
12-31
1
4
(quar.)__:
4
Other
/
'
12-31
1
(quar.)
.■
Increase ( + V or Decrease
'
hand and
on
1
2-
preferred
'
Jan. 12, '44
certificates
Gold
1-15
2-
Briquet, $2 conv. pfd.
,
;:.v.
•'"
2-1
40c
_
accounts,
(Chicago District)
12-31
31 %c
_■
4
accounfs~~except
deposit
U.
Reserve Banks Combined
4
Beginning with the current week the weekly report¬
ing member banks have been asked to segregate loans
for the purpose of purchasing or carrying United States
Government obligations.
Loans to brokers and dealers
12-15
2-
820
week
4
1-
2-1
$20c
,4,
—
.banks.,
1-15
2-3
592
—
1-15
50c
Jamaica Income tax.
Jan.
crease
2-15
2-
8,896
and
4l-is 4
2-
—4__u
(quar.)
$163,000,000 in demand
5
3-
■
4
'
books not closed for this dividend.
cities shows
1-
1-15
181
.
Staieiiiehi of Condition of the 12 Federal
..
''"■The condition statement of weekly reporting member
1-21
^1-21
1-15
926
+
»
4:
.
*Dec. 29 figures revised
Condition Statement of Member Banks
17
1
5,365
+
6,948
by U. S. Gov't obli¬
gations. direct & guarant'd '
1-17
2- 1
+
6*215
Secured
'
2? 1
15
468
4; 7-31
$1%
during
1-31
18 %c
+ '.'i
—
33 732
deposits—_'___!J.__!!!!!
demand
to
interbank
493
--41^—__.,!!!
!,!!!
Borrowings
=
tPayable In U. S. funds, less 15 % Canadian non-residents' tax;
tPayable in Canadian funds, tax deductible at tne source.
Non¬
resident tax, 15%; resident tax, 7%.
a Less British incdpie tax.
1
1
'552
4—,—^
Foreign banks
2-1
2-15 ;
-
:
1- 34
'4-'' 1-12
1
2-
V:
2,229
174
—
,
banks
Domestic
t;
ly lr, z
: 4
,!,_!!
•
Interbank deposits;
;
1
1-25
—1,217
deposits-adjusted -4,4
S. Government
15
1
2-
*•'.
+ 4,739
—:
vault___,,__.—
Demand
•
590
840
8 716
—
Liabilities—
1-25
+
?
1*749
^'791
Balances with domestic banks,,,,
8
19
1-31
in
Cash
3-22:
1
3,693
Banks!!!!!!
Reserve with Federal Reserve
2- I
H;.$l%
securities
Other
2-1
226
+
17,'718
44—
1-174
+;1-17-
2-15
•
$i'/4- s4 4-
; 40
+
—
—
,4 4*717
1-10
i.
60
8 670
indebtedness—,^!
Time deposits
.i,—
♦Transfer
'
bonds
S.
259
+
—88
3*179
Obligations guaranteed by U. 3. Government
3
S 1-
1-15
2-15
1
U.
8-15
8-31
M
1.
62
1,255
•
Treasury certificates of
Treasury notes.:
2-14
2-29
<| +
302}
1,107 :
banks__4,™,!
to
Loans
;
+41-154;
$1.25
(quar.)
338).
Treasury bills
$$1.25
+
22
Other securities.
-
95
.
______
.'/■"Re'al-;estate1 loans_i.,4__,—'
5-15
1
.4 1-31
$1.75
;• ■>-
•
,668
+
pur-
Other loans for purchasing or carrying:
U. S. Government obligations--——
,
2-15
1
6-
Other securities
,
1-25
2-10
4 3-
for
dealers
86
-
or carrying:
Government obligations_4444_
S.
U.
and
brokers
chasing
8,183
+
+
'
:: 6,335
to
Loans
4-10
1
-136,;
and agricultural
industrial,
loans
3-10
;v
2-
$1.50
(quar.)
preferred
Suburban Electric Securities Co.—
.
3-20
-
1-6-43
-207
10,703
Commercial,
/ ^
/
(quar.)——.4,
common
xLess 30%
1-20
3-
7-15
12-29-43
49.527
Loans—total
8
1-
1
175c
" $75c
50c
Stott
Sun
Ltd, 5%. prefer red (quar.) '
pfd. (quar.)
preferred
Extra
1-13
1
2-
.
1
lc
.
(Alexander & James), 7% pfd. (accum.)
Zeller's
•'
2-10
2-
4-15
12V2c
Wrigley (Wm.) Jr. Co, common.
Yates-American Machine4,—i
12-31
1-15
1
8-
37
Wisconsin Public Service Corp.—
2-
.
1
5-
'
investments—total—
and
Loans
1-15
•
1-5-44
Assets—
•.
•
37 VzC
common
6% preferred (1897)
1-26
2-
Decrease (—) Since
;
2-
20c
Wisconsin Electric Power-*'
1-
7'£
Sun
—
.
'.
i
1-12
1
F. R. note
preferred (quar.)_
_„_-4
Steel Co, of Canada, common (quar.)
(quar.)
2-
$1
preferred (quar.)—:,
preferred (quar.)
preferred (quar.),4— -wi4__44-_:
conv.
7%
1
2-25
1-25
convertible
7%
^
Public Service—
5-25"
____——i.___—
Manufacturing
;; 7%, conv;
Indiana Gas & Electric Co.—
Southwestern
6-10
Winters & Cramp ton Corp.—
1-15
1
4-
_
Power,
Canada
Southern
614%
—
(quar.)'-
Common
130c
12c
1214c
1 $ 114
3714c
L—.——
California Edison—
Southern
4.8%
115c
.
Ltd.—
—
Southern
1$1.75
Greyhound Lines, com. (quar.)
Southeastern
Extra
,
(quar.)_———__w4
Corp.
(Howard) Paper
Smith
—_
(Canada), 7% pfd. (quar.)
(interim)——
V Common
$1
123c
—_—.___
(quar.)
Shawinigan Water & Power
Sherwin-Williams
1-21
2-29
50c
(quar.) ——______—
—
Rice-Stix Dry Goods (irreg.) —
——
Richmond Insurance (N. Y.) (quar.)—
Extra
4
2- 1
7%
preferred
40C
.
.
(accum.)___4
50c
$2 prior preference (quar.)
4—44$1
Wickwire Spencer Steel (year-end)—
8%
Stock div, of 1 sh. for each 12y2 shs. held
4
$1%
Wilson & Co, $6 preferred (accum.)w_—
$2.50
Wilson Line, 5% .1st preferred (s-aU—__4
2-15
Revere Copper
$2
s,'2-25*
Westvaco Chlorine Products, $4%
$4
3*
3-10
re¬
porting member banks, and of debits to demand deposit
accounts,' follows: -yv-;;
A-i-'-y;■ ;:v'v
(In millions of dollars):
■
Increase ( +) or
3*
7-
7-15
40c
(quar.)—
(George)
4-
4-15
$1.25
Sugar
Detinning Co,
Weston
2- 1
30c
'
& Brass, 514% pfd. (quar.)—
$1.3114
preferred (quar.)————-———
$1.75
Rheem Mfg., 6% preferred
(quar.)
—
3714c
5%
preferred (quar.)——
——
4' 31 Vic
Rhode Island Public Service, .class A (quar.) .
$1
1-10
White Sewing Machine Corp.—
1-
1-18
$1.25
convertible preferred (quar.)—
Reliance Manufacturing Co.
1-20
2-15
,
$5
4-10
1-11
V^c
$1.50
25c
50c
$1
_____________——
& Engineering—
12-31
1-11
$1,501
.
5-15
$1.25
common
$304,000,000.
~
i'V?---i-ri
of the principal assets and liabilities of
A summary
50c
2-15
$15.50
20c
common
1
2-
Deposits credited to domestic banks increased in all
1-20
sou.
Westgate-Greenland Oil (monthly)___——;
West Penn Electric, 6% preferred (quar.) —
7% preferred (quar.)_.
4.:
Western Tablet & Stationery, 5% pfd. (quar.)
12-28
20c
(quar.)——————A.) Co., $2 pfd. A (accum.)—
Co.
Regent
1-10
1-20
$1.13
preferred (accum.)—
—_——
Railroad Employees Corp., 80c pfd. (quar.)
Railway Equipment & Realty Co.—
$6
preferred (accum.)—————————
Reliance Electric
1
preferred
Wentworth
3-15
1-20
50c
6%
(C.
1-17
1
2-
...
Power
of America, common——-—
R.adio-Keith-Orpheum, 6% pfd. (quar.)____
Reed
1-10
12-30
1-31
Corp.
Reading Co.,
1
1-15
$1%
'
12c
(quar.)___—$25c
Radio
12-31
—
(monthly)———.————
Purolator Products, $414 preferred (quar.)—
Quaker Oats, 6% preferred (quar.)—,_——
Quarterly Income Shares, Inc. (irreg.)-__—
Quebec
12-15
1-25
..
——
preferred
6%
1-14
1
(
Co. of Colorado(initial quar.)
—41
Common
5
2-
1-24
Public Service
Public Service
1-25
1- 8
2-15
20c
(extra)—
class B (stock,,.
Accident Insurance
Preferred
1
1-15 i;
$1.75
$1.50
$1.37%
(quar.)
preferred
5%%
1
1-25
Sl+2
districts; the total increase at all reporting member banks
was
%c
;
$1%
(irreg.)
$1%
7% preferred (quar.)———
•4 $1%
Warren Brothers, $2.50 class B
67 %C
-V $1.35 class A (s-a)_,
37 %c
Washington Gas Light, common
,
$1.25
•:;:v $5 preferred
(quar.)
4'
$1.12 %
$4.50 preferred
(quar.)_.
$1.25
Washington Ry. & Elec, 5% pfd. (quar.) —
i
$1.25
5% preferred (quar.)
—,
$2.50
5% preferred (semi-annual basis)
—
$24.50
Webster-Eisenlohr, 7% preferred (accum.).
Welch Grape Juice Co.—
c^::'r
$1.75
7% preferred (quar;)—,—i—r—1
$1.75
7% preferred (quar.)..--—
$1.75
7% preferred (quar.)_____,2—__,i——
6%
Vulcan
1-15
4-
1-15*
1-15*
1
V.
preferred (quar.)—-_,_—
Virginian Ry, 6%
VI1-13
$1.25
$1.50
(initial)———
Potomac Edison Co., 6% pfd. (quar.)—,
7% preferred (quar.) ———————k:'Potomac Electric Power,
6% pfd. (quar.)— :j-
Tobacco,
Leaf
Universal
1-20.
1
2-
1
♦
Plywood Corp, common—___,________
Sugar Corp., $5 preferred (quar.)—
S.
',6.4%. preferred A (quar.)
1-15
■
1-31
;■
——————
1
2-
2-
25c
4
preferred (quar.)
6.4% preferred A (quar.)___
1-21
2-15
•"
1
•25c
;
Vertientes-Camaguey
2-
6-15
2-
•«
$5
'
$1-0614
$1.75
$32.37
75c
Light, $5 pfd.
Gas
Portland
1-15
—
(quar.)
Cordage
Plymouth
1-15
1-26
75c
$1.12%
Ltd., common (quar.)—
4%%' preferred (quar.)—
414% preferred (quar.)——
—
Phillips Jones Corp.. 7% preferred (accum.)
Phoenix Hosiery, 7%
1st preferred-——:——
Pittsburgh Bessemer & Lake Erie RR. (s-a)_
Pittsburgh Cincin, Chicago & SVLouis RR.—
Philip Morris & Co.,
U.
1-17
2-15
,
-
Leather Co.—1
S.
U. S.
1-17
2-
3-15
1
Convertible partic. class A (irreg.):
1
2-
1
7-
:_—
Extra:;
U.
2-15
•
oW
dii
-
5 %
3
2-1
2-
4-
68 %c
% conv. preferred (quar.):
i
U. S. Industrial Chemical, common (quar.)—
1-31
(quar.)„__—.|25c
preferred (quar.—
+*1
Co.
_—-—_—7----.—--—
$1.25
1%
1-
7;
Products
Steel
1-15
reporting member banks, and increased $40,000,000 in the
Chicago District; ^United States Government deposit's
declined in all districts, yj.\
$1%
(quar.)
U. S. Hoffman Machinery—
-
City District, and $163,000,000 at all
000,000 in the Kansas
of Rec.
$1 %
5%. preferred
1-31
55(i
$1-50
-t--s--
~
■'~SOc
Extro.
Ontario
1-15
-
1-31
58%c
—
•
.
___„
3-21
1-29
_—$1.25
J4c
60c
(quar.)—+.
Co.
1
1-29
20c
.
(year-end)
preferred——'
,
preferred'
$6.60
Okonite
(quar.)
common
(quar.)
Ltd.
preferred
O'Brien
.4
Shoe,
12-31
4-
40c
Northwestern States
Nunn-Bush
12-31
1-20
'
"
preferred (quar.)
5%
1-20
$1.12%
—'. ...$1.31%
______—
& Mfrs.—
Merchants
United
Payable
share
Name of Company
of Rec.
Hoiaert
When
'4 Per
Holders
Per
-4
"
■
Name of Company
Monday, January 17, 1944
FINANCIAL CHRONICLE
3.980000
—
;——.—*
——•
.658300*
.658300*
:529520*
.658300
:5295204
.529520*
.658300*
.658300*
.529520*
.658300*
.529520*
.529520*
•
•
Volume
V\
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4247
159
'
'
'
-
„
Universal
General
Corporation and
Investment Mews
v
f
(Continued from page 220)
-
J.
Pollen,
Mr.
y>
Mr.
Central and
Z %//•/■!.••'•,. •:
V::<.
The'company has under cultivation 40,000 acres of strategic crops
"on a farming front that extends from the Dominican Republic, well
into Ecuador,"
Mr, Pollen said.
This includes 28,000 acres of abaca
(manila-type rope fibre); experimental acreages of "budgrafted Havea
trees, the principal source of natural rubber; derris root, source of..
rotenone,
valuable insecticide;
timber crops such
as tropical
tung
trees, mahoganies, rosewood,
tropical -cedar;
tropical oils such as
cohune, castor and African oil palms;", and peanuts, soy beans, staple
fruits and rice.
■:•/;■-•••
A;■■
:• A A/VA
"We are now convinced that rubber, abaca,
quinine, palm oil and
many other strategic tropical products can be successfully produced in
Middle American countries," Mr. Pollen declared.—V. 158, p. 2518.
of
United Gas Improvement Co.—Pension Plan— '
Columbia Gas & Electric Co. above.—V. 159, p. 51. A
see
the
that
Holtzclaw,
of
President
Virginia
State
Public
Corporation
this
of
and
company,
E.
W.
Virginia
plan for merger of the two companies.
"We
very
are
these
—V.
-and
Wood
Mr.
the
cash
rights
shares
to
158,
The
Jan.
on
equal
share
per
in
dividends
the
7%
iy«
Into
with
receive
suggestion
the
date
the
1 Va
shares
the $5.50
to
the
The
1938.
of
and
unpaid
dividends
the
on
preferred
7%
There
are
dividends
Co. to this date will be $33 per'
default -Oil 'the $6 dividend preferred
in
Electric & Power
Virginia
Co.
new
less
a price not exceeding $11-50 per share over the
stockholders so that except for this underwriting
at
public
shows
for
by
Assent
stockholders.
to the merger
of
95%
accohnt
income
losses
on
the
month
to
and
of
acquired
sub¬
product
deficit
of
T
1943—12 Mos. —1942
$3,405,000 $26,054,000 $32,259,000
20,178,000
1,563,000
23,933,000
$4,968,000 $46,232,000 $56,192,000
of
after
$681,536
Postal
1943,
by
earned a net income of
gross operating revenues
consolidation of Western
1943, company
Williams
and
reports,
of
Because
the
effective last Oct. 8, the results for
with those for the corresponding
Telegraph,
not comparable
are
year.
pointed Out that Postal was operating at a loss when
Union, and some time must elapse before this
Western
be
can
offset
has
it
by
derived
economies
from
at
the-close
the
of
Gross
oper.
Oper.
inc.,
taxes
Fed.
1943—11 Mos.- -1942
taxes
Fed.
"Federal
chgs.___
taxes
tax
'
14,674,189
547,000
"3,733,000
4,675,000
814,426
6,081,460
8,271,927
income
on
and
1,818.140
191,000
385,212
1,091,422
income—
on
after
inc.,
11,593,226 143,968,205 121,924,719
14,754,939
revenues—
before
income—
on
income
preceding
comprises
1943
for
under
surtax
the
1
,
of
Act
Revenue
profits taxes is indicated.
for excess
$2,649,260
at
the
*
estimated
of
paid during the year and
be
now
given to
the
the
in
the
S.
Wilson
been
retire
at
159,
pro¬
his
in
15.
will
Jan.
He
request
own
'
52.
p.
charge
March
on
the Eastern Division, has
of the Commercial Depart¬
succeed
/
-
of
Manager
Vice-President
as
effective
V.
General
Fowler,
elected
ment,
B.
Barnett, ,?.who
D.
after
15
40
will
service.—
of
years
'
'•
?'
Wheeling & Lake Erie Ry.—Personnel Changes—
management
the resumption of dividends
to sinking fund payments.—V.
nor
'
'
"
.
normal
liability
No
New Vice-President—
■
end
17,624,864
1942.
increase in net current and working assets of
at
More¬
merger.
Date
to
1943<—Month—1942
Net
the
several holidays.
all
possible
$1,873,907
stood
can
stock
November,
N.
he stated, November usually is a month of relatively low earnings
over.
as
of
A.
Williams
Mr.
was
Army
Army
E.
C.
Bahl,
been
has
Assistant
Jr.,
Assistant
Duncan,
157, p. 352.
who
named
been
on
Aug. 31—
'
'
'
1943
•
•
'■ '
„
7
v
.
}/'*,*' 1'/ -'-X
Chairman-
and
Secretary
159,
Assistant
and
Secretary
the
to
of
and
W./M.
been
has
Treasurer,
52.
p.
"
-
$
eliminating
of
fixed
inter-company
<
tAlter
transactions,
in 1943 arising from the sale
$4,537,222
other
or
Sales
—V.
Years Ended
tNet
-v
,
term
of,.' important
number
this
chamges, in
executive organization
the
,
•
$3,721,228
etc.—_
$2,462,703
$2,257,872
252,159
and
299,862
334,548
370,755
;_—
379,714
386,670
ex¬
716,000
334,520
$902,314
$1,067,127
$1,202,134
202,534
394,482
surplus for year——
$902,314
$864,593
$807,652
surplus beginning of year.
1,890,290
•1,025,697
218,045
$2,792,604
$1,890,290
$1,025,697
2,196,000
(estimated)—
taxes
income
for
year—.
-
Earned
Earned
continue in
Anglin has been
E.
W.
W.
A.
in
the
in
serve
<J. 7 J.;; Munns
was
;
of
interest
' appointed <' Vice-President
quality
chargo. ,,of
in
—
long-term debt, depreciation and
Balance
Assets—
Cash
former Manager of the steel works'department; has
been appointed General Superintendent, and E.
O.; Burgham;* former
Manager of the, Weirton tin mill, has been appointed ^Assistant Gen¬
eral Superintendent,—V. 148, p. 3547.
'
E.
on
,
control,
C.
year
on
Vice-President and also will con¬
of Secretary.
capacity
of
."Applicable to York Ice Machinery Corp. only.- tExclusive of billings
contracts less than 85% completed.
'(.Less income credits, exclusive
charge of engineering and development work.
Murphy has been appointed
to
Earned surplus end
appointed
the President, has been
former Assistant to
Rleger,
Vice-President
:/
Earned surplus charges-
Anglin has
but will
Mr.
income
State
profit
cess
Net
resigned as. Vice-President in charge of operations;
the employ of the company as General Consultant.
succeeded. as Vice-President in charge of opera¬
tions by J, Si Williamson/ former General Superintendent.
E. J.
.
17,559,410
of
a
.
and
20,078,642
long-
on
long-term debtfor depreciation——
on
Federal
subsidiary of National Steel Corp., all of which are
effective immediately, were announced on Jan.
10 by T. E- Millsop,
President.
The changes are as follows:
company,
interest
depreciation,
debt,
Bayer,
.
hand
on
1.' Quarter Ended—- -'
Net
V"
and
117,390
receivable—:
costs
1,187,345
9,114,591
630,124
—♦
contracts./
on
-
sales
Operating
expenses
_
PfttdlfcS
"
Deferred
$1,225,520
Cash
85,774
$1,314,010
$2,385,918
726,000
1,742,904
37,346
39,339
income
Total
income
"Federal
Other
."Aa*--'-■
-
and
Statetaxes-—/—
deductions
Net.
- _•
received
dividends
Common
and
292,000
145,782
Federal
"Includes
share—
$0.44
;
—-
40,892
22,689
current)___
(not
'
•
••,
■/.
exchange.,/.
.
->•/>
Months Ended Nov. 38
Earnings fot* November and 12
V
1943—Month—1942
1943—12 Mos.—1942.
$2,828.08.7. $2,645,316 $33,243,060 $29,208,716
Period Ended Nov. 30—
111f'J
Operating revenues
Ul
,
r".
i.1—'
Federal
oper.-
AO
900,263
215,582
175,508
234,982
233,435
1 O
1 QA
0*J0
$2,560,000
$2,265,000
-
1,558,585
1,509,859
1,748,263
taxes,
payrolls, interest, etc,——
1,152,916
782,322
1,240,584
additional
Estimated
cqst to complete contracts
entirely
First
Notes
billed
of
1
—•
taxes,
3%
986,066
4,457,500
on
260,000
lTa'550
118,550
962'046, 'r
——/_
notes
300.714
•
419,245
889,741
3,913,000
contracts—_
mortgage 6% sinking fund bonds—,;—
payable to banks—*..
—
Unsecured
tOn 583,129 shares of com¬
inc.
customers,.:—-
to
billings
580.800
10,412,053
2,394,189
2,249,724
2,819,067
2,702.535
6,813,043 :/ 5,650,500
203,972 -
2,657,286
2,391,720
12,187,232
stock.
Other
&'-amortization-
Balance
Preferred
.Balance
-V.
158,
—_
dividend
for
p.
■
$551,336
10,526
Br24,624
$6,372,240
•
^.49,350
$5,802,183
Rr216,620
$539,571
Balance
Interest
$529,044
revenuesil-
income- (net)—_
$526,711
$6,421,591!
$5,585,563
157,025
157,562
1,901,450
1,820,351
$382,545
$369,148
requirements———
common
2623.
—
i-__.
'
■
•
Unearned
■
-
of
as
27,
Nov.
1943,
including
West Virginia Pulp & Paper Co.—New
Issue and Increase in Common Stock
The
stockholders
$4,520,140
1,171,602/
$3,765,212
$3,348,538
$2,593,610
1,171,602
from
of
new
preferred
to
1,000,000
The
company
share
basis
the
for
rate
of
par
and
to
increase
stock
1,500,000
new
authorize
issue
an
the
common
shares,
.
962,046
exchange
headed
that
offer
any
of
.
.
.
the
"
.
;
■
stock
r
by Harriman Ripley
offering it will probably
1,890,290
reserve
for
of
in
$125,000
1943
and
$109,053' in
?
New
of
York
capital
Stock Exchange
stock
come
on
1942.
has authorized the listing
'
at 3
Incorporated. If there is a public
the market about Jan. 17, 1944.
Co.,
-tLess
(par $1)
Named—
Treasurer
..
new
&
1942.
depreciation of $7,433,521 in 1943 and $7,180,426 in
of 962,046
all of which is presently issued and
outstanding.
These shares include 33,360 shares of the capital stock
of
the corporation
which, upon completion of appraisal proceedings
under the laws of Delaware taken by certain stockholders who dis¬
sented from a merger between York Ice Machinery Corp. and its wholly
owned subsidiary, York Corp., and the payment of any award made in
those proceedings, will become treasury stock.shares
to exchange the presently out¬
value of its preferred stock on a share-forpreferred stock which is. expected to carry a
expired
2,792,604:'.;
Z
—
Listing of Stock—
p. m. on Jan.
14, 1944, and it is
preferred not issued in exchange for
the outstanding preferred will be purchased by a group of, underwriters
The
expected
1,888
8,541.255
$24,656,205 S23,316;074
"After
offered
4'/a %.
—
8,541,255
surplus
reserves
$20,-
.7:/
$1)
charges—
Total
The
Of
finance
surplus;
Earned
Preferred Stock
to
(par
Capital
Approved—
voted
7
immediately
standing $15,583,000
dividend
Jan.
on
and
interest
Capital stock
$6,790,646 cash and
U.
S:
Government
securities,
amounted to $58,488,458 and current
liabilities, including $19,725,000 notes payable to banks, amounted to
$35,026,346.
This compares with cash of $4,318,945, current assets
of $48,841,829/current bank hotes payable of $16,425,000 and current
liabilities of $27,149,231 on Nov. 28, 1942.
Inventories were $42,946,097
for 1943 .against $35,588,772 for 1942.—V. 158, p.:2298.
assets
Current
000,000
'
'
'.
1fl -MO r\K1
525,679
taxes--
taxes
Net
AAA
AOO
224,369
income
Other
Ann
1,098,428
1
•
.Operation
_—ku^ka.Uv'
Maintenance ■ • __rT-v_;_r_
Depreciation
mon
X
est,-—
accrued
Other
$0.53
.
taxes.
' .1
159,832
307,260
"
payable to banks
Accounts
payable
Accrued Federal and State
$165,893
-
profits
excess
property
receivable
accounts
Liabilities—
145,782
$112,882
!
common
per
of
$24,656,205 $23,316,074
Excess
tEarnings
sales
Notes
292,000
.
'
.
from
.
111,510
__u
Total
$603,675
dividends
Surplus
6,114,698
1 '•
*.j^
'i
•-
—
$550,664
profit
Preferred
'■•■i
•-
5,998,510
688,696
8,168,283
676,303
$2,300,144
88,490
profit
^
charges
Notes
Operating
Other
;/
tProperty
..
133,845
6,156,569
———_i
——
accounts
of accumulated
Investments
Nov; 27, *43 Nov. 28, '42
$31,130,745 $32,497,478
29,905,225 30,197,334
$1,027,754
of interest on first
Inventories
(& Subs.)—Earnings
.1942
1943
y;",
——$1,239,052
deposits——
6,076,934 /
bonds
mortgage
"Notes
Excess
income taxes.
Sept. 30
Sheet,
,
and
Cash on deposit for payment
,
Wesson Oil & Snowdrift Co., Inc.
"
•
27,673,053
—
bef.
income
Net
Interest
Va.) Steel Co.—Changes in Personnel—
Weirton (W.
A
and
expenses
'
1943
1942
*1941
$31,394,281 $22,541,345 $19,817,282
sales
Provision
•
i
/inome charges
.
_
with York Ice Machinery. Corp.)
merger
a
Sept. 30—
tCost of product sold,
written) off-its '.pet ; investment- in enerriy-controlled coun¬
tries, no provision for contingencies in respect of foreign assets was
required for the past year.
For the fiscal year ending Aug. 31, 1942, a
provision of $825,000 had been made in connection with such foreign
"previously
-
(& Sub.)—Earnings—
of
(Survivor
principal limitations on remittances to the United States
arising from the distribution of American-made motion pictures in
those countries.1
In view of this, and inasmuch as the company had
158, p.'1182.
158, p. 2397.
York Corp.
the
assets.—V.
$
$ 'v$
64,237,638 439,010,531 423,217,143
61,765,405
—
Off 3.8%—
deductingdisposal of
also after provision for Federal income and excess profits
taxes of $13,890,000 in 1943 and $8,250,000 in 1942.
/
During the past year the British and Australian Governments re¬
assets,
moved
'-."rv'V-'.'v-'.V''$ v*V *V-•
••
1943—12 Mos.—1942
1943—Month—1942
Period End. Dec. 31—
s-V'Ti;--■;v
-
in
has
Treasurer,
Board,
the
Assistant
(F. W.) Woolworth Co.—December Sales
1942
$
income
"After
losses
tinue
-•;/://
iThe next step in the program will be to file the, necessary, appneatipns with the SEG and the other regulatory authorities, to,, the ' extent,
they have jurisdiction, seeking their approval of the transactions pro-"
posed,—v. 158, p..2623./
;,•///;■ : A?A':; ' a;A/ received
St.,
the redemp¬
price with Interest accrued
$4,558,000
$14,754,939.
the previous
of
month
131,825,540 119,271,544:
tOperating profit __8,238,483
8,554,512
Earnings per share___
1
;_
$2.12
$2.20
price paid
-
time prior to
redemption
1,506,000
sales___z'__
Pres.
November,
year
with
an
were
»
\)
V: •:/•
funds;required for; the. proposed,,
redemption of the debt, of Virginia Public. Service Co., :WA/-:Ar.A
(d) ;The execution of an underwriting agreement, for the benefit of
the preferred stockholders who desire to sell their .stock.-;- ^,
(e) Opinion of counsel/, that the transaction willnot*, subject, the
parties to the merger to Federal income tax liability except • to > the
extent of any cash or scrip received or except upon sale of the stock
—
the
Union
inventories, as compared
After provision of $250,000
"V" loan borrowings covering costs incurred
pictures for the U. S. Army and Navy.
Years Ended
"Gross
of the holders of all classes of
•
Interest.
Wall
52.
p.
$3,052,000
appointed Secretary,—V.
preferred stock of both companies or such smaller percentage, as. may.
be determined and by substantially all of the common-stqck of both
companies. .
;-.A- - •'•".'•v•(c) The securing of the hecessary,
any
Earnings for November and Year
net
a
„
and
have
1954,
and
Warner Bros. Pictures, Inc. (& Subs.)—Earnings—
-
.'(b)
due
102
158, p. 2397.
amounted
.
•
full
sales.
$385,212,
The
consideration
no
capital of Virginia Electric & Power Co.
.
.
The plan
also contemplates the redemption of all
funded debt of Virginia Public Service Co./ consisting
ties
at
trustee One
Western Union Telegraph Co.—Earnings—
films
yrair 94%
the
for
70%
1
the preferred
stock
of the present
of $26,000,000
first
mortgage bonds and $10,500,000 debentures and the issue by
Virginia Electric & Power Co. of • $24,500,000, series D, S'/aft. first and
refunding mortgage bonds, due 1974, and an additional loan maturing
over
a
five-year period in the amount of $5,000,000 bearing interest
at 2 V4 k
to secure in part funds: required for such refunding.',
. '
The terms of the merger agreement, which agreement will later be
presented to the stockholders of both companies >for. approval, will
further provide that-to the extent that any rearranging of the per-,',
sonnel of the two companies may become desirable for the proper and
efficient operation of the combined system, it will be the policy to
treat all employees without preference or discrimination.
"AA-ZA?
Among the conditions to be fulfilled before the merger can be accom¬
plished are:
/•:-/;
■;
/a) Suitable authorization by all other requisite'Government authori¬
bonds,
1944.
1943—Month—1942
sales
For
states
that despite the improvement in the company's financial position the
need
for conserving working
capital continues and that, therefore,
Commission *
and transfer taxes the Virginia Public Service Co. preferred stockhold¬
ers who elect to sell will receive cash proceeds not less than, the par:
value and accrued and unpaid dividends on their 7%
and 6%, .pre¬
ferred stock,
respectively, and the Virginia Electric & Power Co. $6
dividend preferred stockholders will receive an amuont not less than •
the price at which their stock is callable by its terms, namely, $112.50
per share.y Under the merger
statute, any non-assenting stockholder
Who dissents from the merger within , three months after the merger is
•approved by
the stockholders is entitled to receive cash in such
amount as may be determined by appraisal by the courU
„<>
&
f
The common stock'of Virginia Public Service Co. will be acquired
by Engineers Public Service Co. . and will be converted into 150,000
shares of common stock of Virginia Electric & Power Co.?
Engineers,
twill
in addition contribute $2,500,000 in cash to the common stock
such
to
the
receive
1944.—V, 159,
pictures/
additional
for
which
dividends
No
panies who consent to the merger but do not wish to
CO.
—V.
were
of
duction
convenience
a
Vy"i "t
entertainment
during
"
regulation
share.
dividend
for
This is
loans
7%
to the holders of preferred stock of both, com¬
keep the new $5
preferred stock, it is proposed that,Virginia Electric & Power
will arrange an underwriting by which said: holders may sell their
$5 dividend preferred stock at not less than
$112.50 per share,
transfer
taxes.
The underwriters will sell such shares to the
.As
Retail
Wholesale
f
preceding
reduced to $1,442,653 at Oct. 2, 1943, a reduction of
release of blocked currencies in certain foreign coun¬
contributed substantially - to this redaction, it is stated.
Of the
outstanding; at Oct. 2,
1943,
the major
portion represented
loans
stock
' 1
1
,
from
the preceding fiscal year.
in
compared
as
year
tries
Public Service Co. at March 31, 1944, will amount to
accrued and unpaid dividends 011 the 6% 5 preferred
no
3%
25,
12,358,906 114,951,356 101,250,237
of. revenues
provision
income
year,
fiscal
the
of Virginia Public Service
stock
of
and
accrued
Virginia
$38.50
20
to
statement
made
net
$1,206,607-.
preferred stockholders is made to,compensate them for not only the
par value of their stock but also for the accrued and unpaid dividends
on
their stock on which no dividends have been paid since Sept.-30,
•
18
before
$308,930
Bank
becomes effective.
The provision for
Public Service Co. preferred stockholders
Virginia
$
for other Government agencies and
of total footage was entertainment
6%
usual
$614,274.
agreement
share in cash to the Virginia Public Service Co.
per
Feb.
Irving Trust Co.,
Y.
and
25,
Combined
24%
Only
been
fiscal
preferred
State Corporation
the
ancf
but
488,181
agreement
merger
and
.
of
,j,.;,/
losses on the company's inven¬
amounted to $431,536 as compared
with a loss in the preceding fiscal year of $191,069 after deduction
of a similar provision of $500,000.
Current .and- working assets at the close of the year amounted to
$4,916,635/while current liabilities amounted to $2,428,454, leaving an
excess
of current and working assets over current liabilities of $2,-
Commission of Virginia
.'the agreemeat of merger will provide that each share of $6 dividend
preferred stock of Virginiav Electric & Power Coy Will be converted,
into one share of $5 dividend preferred stock of Virginia Electric &
Power Co. and will receive cash for accrued and unpaid dividends to
the
At
mortgage
of
as
the
at
Period End. Dec. 31—
.
the .receipt
financial
tories,
preferred stock of Virginia Public Service Co. subse¬
6%
dends on the
N.
made
'
'As a result-of concentration on war work, it is stated
short subjects were completed and delivered as compared
the
had
and unpaid dividends will be converted
preferred stock of Virginia Electric &
cash in an amount equal to accrued divi¬
quent to March 31, 1944, to the effective date if the merger
becomes effective after that date.
'
,
1943—12 Mos.—1942
;
totaj footage of film completed
for U. S. Government agencies;
nine
charges
dividend
$5
will
and
Co.
Power
of
;:
company.
The
rights to accrued
shares
the
with
Virginia Public Service Co.
including all
,7
.
'»"•'Vi.
>•'
reflects
only
plus additional
the
,
covering the . fiscal year ended Oct. 2, 1943, .released
reveals that while devoting the major part of its facilities
U. S. Government agencies on a non-profit basis
company had a net ineome of $681,536 before provision for losses
inventoried and a net ,of $431,536 after such' write- offs.? This
Navy
contracts.
more
cash,
on
2397.
p.
report
and
of Virginia Public Service Co.,
unpaid. dividends thereon to the
accrued
2397.
p.
produced
will, under the plan, be converted
preferred stock of Virginia Electric &
$5.50
to
date
Feb.
on
11,
Of
Wood,
subsequent to March 31, 19.44, to
the effective date if the merger agreement becomes effecttye after that
date and each share of 6% pref. stock of Virginia Public Service Co.,
of
stock
158,
first
redemption
Holders.may surrender such bonds at
1677.
p.
York,
distributors
Inc.,
158,
outstanding
for
will be
Payment
■
stock
and
Uni¬
produced in prior years and net income from the licensing of its car¬
toon characters, newspaper comic strips and other art work.
'
\
....
called
been
of
production ifor
the
A
gratified," they
for
system
Brulatour,
film.—V.
1943—-Month—1942
i
X
effective
receive
amount
an
accrued
dividend
$5
will
and
Co.
in
of
single
a
-
preferred
becomes
merger
1 Vg
Power
7%
of
all
including
date
into
as.follows:
is
share
Each
into
.
Manager
3%' Bonds
!
the
of
Walt DisneyTProductions, Inc.—Reports Profit for Year
efficient
service to the public and will provide a sound capital structure for
the combined company and better protection for all security holders.
We hope that it will be supported by all interests.". •
-A more detailed statement of the plan as explained by Mr. Holtzclaw
properties
All
•
New
Jules
_A——13,709,489
Sales
"at-this approval by the Commissioii. .The directors^of the two
companies have approved it unanimously.
If the plan, is approved by
the
stockholders and ether necessary authorities and carried out it
combine
Board
Co.—Merger-
"...
said,
will
of
picture
Electric & Power Co.—-V,
Period End. Dec. 31—
r
■
announced jointly Jan. 7
of Virginia had approved the
Commission
its
Western Auto Supply Co.—December Sales Off—
Co.,
Service
motion
-
■
General
to
1938.
May,
Vice-President
Kodak
;
■
■
German
To Redeem Outstanding First Mortgage
Feb. 25—
announced
Walgreen Co.—December Sales Up 10.9%—
^Virginia Commission—New Financing in Prospect—
G.
•
J.
12
to
showing
Jack
since
Jan.
on
tion
Virginia Electric & Power Co,—Merger Approved by
President
is
Eastman
.."/i
,
William
and
Vice-President. and
been
Studios
German
of the Board,
Work
P-
Virginia Public Service
".v
See
has
Coast
the
to
„■
Clifford
'■'•
Work
versal^
department of new crops to supervise these activities in
a
Pictures Co., Inc.—New Directors—
Cowdin, Chairman
of Directors.
^
expand them after the war, according to Arthur A.
Executive Vice-President, who said the company; has formed
South^'America.
Cheever
the election of
and
maintain
259
' '
John
Jan.
2.
F.
He
Lebor
has
1941.—V, 158,
p.
has been named Treasurer,
served as Assistant Treasurer
2623.
announced
it
was
of
the company
on
(sine*
THE
260
Monday, January 17, 1944
COMMERCIAL & FINANCIAL CHRONICLE
State and
City Department
i'
:.<■
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
"•
increases
J
Anniston, Ala.
'
•••''
•
Recommend¬
ed—The official audit for the city's
past fiscal year showed an operat¬
ing gain of $22,660.36 while gen¬
eral revenue increaed $147,287.92
over
1942 but the City Commis¬
sion pointed to a 20-year accu¬
mulation
of
city
improvement
debts amounting to nearly $250,000 and is determined to set up a
fund that will amortize the in¬
debtedness and place Anniston on
a sound financial basis, according
to the Anniston ''Star" of Jan. 2,
which bontinued in part as fol¬
!Debt Amortization
were
Los
basis
five
from
ing
1
points
on
corporations, or others acting
of
Angeles County Water Works
No. 13 (P. O. Los
in
District
7 in the
municipal market on Jan.
prices of State of Arkansas bonds,
with an upward movement rang-=
fiduciary
or
representative
.
capacity, must be accompanied by
Angeles)t Calif.
$12,000
evidence of
documentary
authority.
•
j-
im¬
Bond : Sale—The
proper
provement bonds offered for sale
on Jan. 11 were awarded to Hannaford & Talbot, of San Francisco
traders as the
by
regarded
culmination of efforts by a group
duct
hearing Feb. 28 on a plan
a
and
composition filed by the
district.
The plan, according to
debt
of
in
Tate
all
tender shall
the
cases
accrued"* interest is
whether
included or to be added to the
banks in the East to take
position in the securities, with a report, contains a waiver of the top amount stated in the tender.
obligation• feature
on Bidders: may stipulate, if desired,
view
to reoffering later at in¬ general
outstanding bonds and other fea¬ that tenders are for all or none of
creased prices.
obligatory, the debt has grown
tures of material interest to bond¬
the certificates tendered.
Last September, it was said, one.
steadily without adequate pro¬
holders.
If any ibidder whose tender is
bank bought a Targe quantity of
vision for its retirement.
accepted; shall fail to surrender
obligations,
but
has
Several factors contributed to Arkansas
COLORADO
the certificates tendered at the
it's
steady increase.
When im¬ never reoffered them, waiting for
Costilla County1 (P. O. San Luis), rate ;jt and) place
specified,, the
an upward price movement, i Sev¬
provement bonds are sold, city
Colo. " \
check accompanying the tender
ordinances are passed to assess eral other large institutions have
Warrants Called—Various ordi¬ will
be "forfeited
as
liquidated
adjoining property for the cost. made similar investments, but it
nary county revenue, road
pur¬ damages and placed in the Sink¬
However, a considerable part of is not definitely known whether
pose and school county warrants
ing Fund provided for the re¬
the
cost, of many improvement their reasons were long invest¬
have been called for payment and funding certificates of indebted¬
jobs was assessed by the city ment, or eventual reoffering.
will be redeemed at the County ness.
Checks accompanying any
against"" itself, because of such
Treasurer's office.
tenders which are rejected will be
CALIFORNIA
and the
of the depression
Born
•
day when bonds were floated be¬
fore
annual
payments , became
of large
Bonds
things
schools
returned
other city property;: It
or
presumed, of course, that the
assessments
against
privately
owned property will retire the
bonds,
but deaths, changes of
property, court litigation, sale of
property to the state for taxes and
adjustments to property owners
have failed to provide sufficient
money
for retirement of bonds
California (State
is
As
due.
when
consequence,
a
old bonds issued before the
serial payment law have been re¬
many
has
been
forced to meet interest and
other
city
the
and
issued,
-from
general funds.
This year, $81,794 was taken from
the general fund for this purpose.
payments
This
in
are
addition
in
is
$60j-
the
to
paid from the general fund
146.59
general bonds. General bonds
those pertaining to
schools,
hospitals
parks,
other non-
and
Awarded
Bonds
FLORIDA
of)
Fund
Sinking
Francisco
San
A
—
Company,
composed" of Blyth & Co., Inc.,
Heller, Bruce & Co., Kaiser & Co.,
American Trust Co., Weeden &
$25,900
issu¬
general revenue
bonds.
Co., and the Northern Trust Co. of
Chicago, was awarded the $2,580,000 bonds offered for sale on Jan.
12
of
ance
:
:f. City
authorized the
has
Council
;5
;
.
funding^ bonds, Series 1944, for
outstanding refunding bonds of
1935 on a par for par basis.
This
Refunding Bonds Offered—B. J.
G. Johnson, State Van Ingen & Co., Inc., New York,
The offering consisted are
offering $668,000 3%
and
Treasurer.
by the 31/2%
refunding
bonds,
dated
Seawall Sept. 1, 1943, on the following
Sinking Fund and $1,947,000 held basis:—Bonds due Sept. 1, 1945
bv +he Second San Francisco Sea¬ to^ 1950
carry 3%
interest and
wall Sinking Fund.
an ;»'exchange
The Blyth are '' offered Gat
of
held
bonds
$633,000
Third '
the surrender of the
accepted.
This method of
'■1
results
from
quired
full
the
inviting tenders
failure
& Pennington, At¬
only $166,648.28
improvement bonds, yet
$390,000 worth of bonds
is due
there
on
are
outstanding.
In addition, a con¬
siderable portion
of the $166,will
159,
at
itself;
be
in
Dec. 8, 1943,
on
public
to
response
title
the
to
offering appeared in v.
/,
bids at
Monroe
County (P. O. Key West),
of
the
Sale
Cancelled—The sale
SBA
refunding,
Series of 1944 bonds to the Clyde
$700,000
UnionSecurities
Collections
Gain
in
Moulton &
722.16.
$36,117,613.46
State
totaled
1943
slight
a
gain
col¬
gain, offsetting declines in liquor
arnitgasolipeUax collections.
The
gasolihndtax-brought in $10,246,388.65 last y&ar as compared with
$J2;667,322J5 in 1942, Beer taxes
produced $1,392,452.66, compared
with'
$1,502,478.54,
and
liquor
taxes $1,125,160.29, compared with
$1,674,994.97.
Sales
tax
collections
"
were
$9,952,366.52, compared with
$8,561,666.19 in 1942,' and income
tax
collections
with
pared
$2,907,453.26.
'
rette
and
showed
year.
$3,667,175.36,
marked
•
Governor
,
Upon the city's
calling unex¬
changed bonds for payment on
July 1, it will simultaneously ad¬
vertise and offer at public sale, all
unexchanged bonds.
The bank¬
agree to bid for such bonds at
the public sale, a price of not less
ers
plus accrued in¬
offered for
than 101% of pa?,
sale. '
'v';;/
7
The
bonds
all
for
terest
■■
will
bonds
new
financing—Governor
Debt
Ra-
Holland
last
1,
serially
1951, at 3%%
the bonds ma¬
on
turing in 1952 to 1956, and 3 V> %: >,
on the
bonds maturing in 1947 to
1979.
The
bonds
maturing in
1975
1979
to
callable.
are
thereafter
5%, interest
paid,
t
-i
-
-
.
,
-
..
r,
until
/
city agrees to pay the re¬
funding
syndicate
1% > of • the
amount of bonds exchanged and
The
the
issuance
new
bonds.
and disposal of the ;
4/3/'
' 333/3:'
4 ~
-
agree^to pay all
incident to fne issuance
new refunding bonds, in-
The
bankers
expenses
of
the
to
any
•
interest
date
of
ing
at
of
sealed
1946
from
•
bonds
which
for
were
The
Bond
Interest
and
Governor Holland said $281,000
of the bonds were retired with
and Revenue of Glynn
debt until 1947.
indefinite
the
Monroe
Principal
Payments —The
Brunswick
"News" of Dec. 27 carried the fol¬
lowing report:
The
Commissioners
refinance
an
Brunswick),
* •*
/34
}
County
Wanted—Director;/ of
for
Ga'
1941
Crummer
E. Fuller will receive
tenders
GEORGIA
4-
Glynn County (P. O.
never
refunding
Company
contends it has exclusive rights to
bonds.
of
expense
refund¬
calling the $881,000 worth
exchanged
to Sept. 1, 1945.
Miami, Fla.
Finance A.
enjoin the Board
Administration
or
eluding
Treasurer
Johnson
period,
of Roads
County are
than par
com-
this was
•
the
1927 road bonds_
—
1936 school bonds—
"Vfotal
—
—-
.ft
t
v
*
i,
-n
,
j
v.»/;
j,
r, 1
,
i•VitreiA i
■
'■
-w^-v
H.h;
f'i
——
____
>1.
100,000
30.00R
1920 school bonds.-
•
The
presently outstanding bonds carry
4% interest for the next two years
.jt
'J;d.
dated
1944, and -will mature
on July 1, 1946, to 1979,
Interest will be at the rate of 3%
on the bonds maturing in 1946 to
Jan.
on
bonds paid interest of from 3% to
bid for State Director of Finance, accompanied 5% and did not
mature until 1966.
of California
bonds
offered for by duly executed assignments in
Governor Holland estimated the
Assignments executed by
sale by the State Treasurer, and j blank.'
executors,
trus¬ refinancing of the bonds will
well evidenced the desirability of; administrators,
mean
a
saving of "better than
tees, guardians, attorneys, officers
State of California bond issues,
;
lit-
J'"H'
be
.
Reports
highest price ever
also
.;n.'
be
payment by the city and
the city agrees to make such call.
called for
,
Ciga-
increases
31/2% interest
an exchange
bearing interest at the
Tenders
Co.,
question
com¬
taxes
severance
been
'
•
■
not
exchanged prior to July 1 shall
today mailing out checks cover¬
for the. purchase at less
surplus Monroe County funds in ing interest and retirements on
by the Sinking Fund, of
the hands of the Board of Admin¬ the; five Glynn County bond is¬
$175,000, Miami, registered re¬
nented on the sale as follows:
sues now outstanding.
Checks for
istration/
and
the
remaining
funding certificates of indebted¬
$600,000 was refinanced with tax interest payments in the amount
By reason of the splendid price ness, maturing Jan. 1, 1947.
and retirements of
received
for
these
certificates
which of $9,077.50
bonds,
the
Mr. Fuller will accept all cer¬ anticipation
State realized
a
profit on both tificates tendered at less than par were purchased by various sink¬ maturing bonds in the amount of
$44,500 were sent out.
lots over book value of approxi¬
ing
furid
accounts
under
the
which comply with all provisions
Of these totals, $3,61$'represent
mately $545,761.56, which will be of the notice of call, in the order supervision of the board.
Madison
credited to the respective sinking in which received, until the total
County held $70,000 interest andl.$14,000.1h^tirements
\inds, and be reinvested by the amount stated is purchased; pro¬ worth of the 1936 bonds and these applied against the "two"" 'school
were
State Treasurer in United States
exchanged for the tax an¬ bond issues'1 outstanding the: "'re¬
vided he may reject any and all
Government securities of appro¬
ticipation certificates; :
The
tax mainder of the
tenders, but will not reject any
connection' with'.,,
certificates
bear
the
same
in¬
priate maturities.
:
tender which complies with the
issues.-,,.
I-:-.
•
This profit will materially in¬ terms of the notice of call and is terest; rate of 2% and the same
After' the ab'oy<|
pd^ehts''hqVe
crease the State's call for retire¬
offered at a lower price .than any maturity date of from one to six
been made, thoK^1 a1r^',,stilJ:J! out¬
years as refunding bonds which
ment of State of California San tender which is accepted.
'
standing
the
following
bonds
Francisco Harbor 4% Bonds on
The
certificates
accepted for were tentatively sold by the board
against the issues indicated:
their respective first call dates of purchase shall' be surrendered on Several days ago to refinance; the
issue.
This recent action cancels 1919 road bonds-,.
„__$ 53,000
or before 20 days following date
■July, 1951 and July, 1955,,
the
35,000
refunding sale. .* The
1936 1922 road bonds-—
of tender- at
the office of the
Without
lections accounted for most of the
''
&
V State
1942,
tax
100, now
rate of 3%
For $1,947,000 Block—
N. T. & S. A.,
syndicate, $591,487 premium; Goldman, Sachs &
Co., syndicate, $588,156 premium.
Commissioner
income
on
America
of
Moulton
•
,
Sales "tax and
at
refunding
callable
|>608,936 premium; First National
Bank of Portland, $592,646; R. H.
Murray B. McLeod has announced.
The figures were for the calendar
yeaxs.y/»
carry
offered
.
3^.5%
Corp., and Dean
Co., $222,029 premium; Bank of
America N. T. & S. A., $216,549
Small
1978
to
are
bonds, ;, dated
Witter; .& S.|.ptyl, '1936, due Sept. 1, 1967,
Boston
X'X"
in
Co.',
Bank,,jFirsJ
$36,123,from the
reported
Revenue
Co., Bankers Trust
Harriman Ripley & Co.^Inc^HaT?
ris Trust & Savings.
1943—Special tax collec¬
for
tions
Show
Corp.,
Co., Estabrook
& Co., /and
others, $223,438 premium;: :R. .Eh
ARKANSAS
Tax
have
which
bonds
All
later,
1, 1944.
validation;
The legality of the bonds is to
The refinancing was completed printing of bonds, obtaining ap¬
be
approved by Chapman /and
proving opinion from nationallyby the State Board of Administra¬
known bond attorneys, and such
Cutler of Chicago. The proceeds tion in face of a
suit filed in Leon
other expenses as are incidental
of, this issue will be used to reCounty
Circuit
Court
by
the
to the preparation of the bonds. 4/
fupid.an equal principal amount of Crummer
Company of Orlando
outstanding
bonds,
which
aie
which seeks
& Co.,
F.
S.
&
Bank
.
selected
be
to
which will be,before July
and
Bond
price of 103. Bonds due from 1971 Jan. 4 announced
the refinancing
to 1976 are callable Sept. 1, 1961,
of
$600,000
and
retirement
of
and bonds due in 1977 and 1978
$281,000 of a $881,000 Monroe
are callable Sept. 1, 1954.
>
County, road and bridge debt.
as
Moseley & Co., R. W. Pressprich
property
(State of)
Sachs
Goldman,
premium.
Arkansas
the sale were
and
For
$226,569;
lectible this year.
>
1971
*u'r \i *"*
$633,000—First> Na¬
tional Bank of Portland, premium
through tax sales. As a matter of
fact, only $24,625 is estimated col¬
b
advertise¬
ment.
date
a
and
53.
p.
Other
charged to the State, that has as¬
sumed
until
plus
par
follows:
of it is charged to the city
another large portion is
never
here¬
privilege will.'continue
exchange
the * $633,000 price of 101%%; bonds due from C. Pierce Corp., and the Florida
a premium of 1951 to 1963 carry 3%% interest National
Bank, both of Jackson¬ 2%.%: of the amount of bonds sold,.
paid a premium and the exchange price is 103;
ville, as 2s, at 100.0101, a basis of said fees being compensation to >/
of $609,355.35 for the block of $1,- bonds
due
1964 to 1970
carry about
1.997% as noted here on the syndicate for guaranteeing to
947,000 bonds.
A description of 3V2%- and are offered at a price Dec. 20—v.
158, p. 2520—has been make such bid and for services
the various bonds constituting the of 102V2%, and bonds due from
and expenses in connection with
cancelled.
bonds
collected.
648.28
A part
2%
purchased
group
$228,999.13,
ished by Seals
lanta accountants,
ac¬
of
of indebtedness
,
According to the audit just fin¬
have
to
amount
City Commission
San/: Francisco
combined
bonds.
revenue
bidders,
tofore invited and received by the
Charles
by
certificates
certificates
Kissimmee, Fla.
—
bidders upon
&
Nuveen
John
and
Company, and accepted by the
City Commission on Dec. 21, calls
for the exchange of the new re¬
and will be returned to successful
Key West, Fla.
Bonds
Authorized—The
syndicate
unsuccessful
to
Details—The
Exchange
155,000 outstanding bonds of the
City of Palatka, Fla., submitted by
a
syndicate consisting, of Shields
& Company, the Clyde C. Pierce
Corporation, Leedy, Wheeler &
a
parks,
around
paving
as
.
paying 2%
refunding proposal involving $1,-
•
.
County,'in
Monroe
to
to
interest to
funds holding the tax
anticipation certificates.
^
'
accom¬
panied
,
v/as
$800,000"
addition
the sinking
Palatha, Fla.
must; be
tender
Each
either by the certificates
medium serial obligations to as
in acceptable negotiable form or
as 3s, paying a price of 100.146, a
much as 30 basis points on me¬
The next by a cashier's check or certified
dium and long
options of term basis of about 2.99%.
'check payable unconditionally to
bonds, according to Chicago press highest bidder was Blyth & Co.,
the
City, upon an incorporated
as 3%s, at a price of 100.73.
reports.
V
bank or trust company, for 1% of
Some dealers immediately with¬ Montague Water Conservation Dis¬
the face amount of the certificates
trict Calif.
drew their lists of Arkansas se¬
tendered.
Each tender,
if un¬
Debt Composition Hearing—The
curities, either as a result of sales
accompanied by the certificates,
or to reconsider their prices. < / '< ,
United States £ District Court at shall
specify the
amount and
The sudden shift in the market Sacramento is scheduled to con¬ number of each certificate offered,
lows:
.
Up—Sharp
registered in the
Move
Prices
Bond
'
.
128,000
-$346,000
•wV./t '■# * ■
Volume
The
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4247
159
commissioners
county
conform
are
that
rate
tax
made
be
can
requires
a
of
retirements
bond
it
as
meeting
Refunding
the above
proving opinion of Chapman &
Cutler, of Chicago, twill be fur¬
nished.
The bonds .will be deliv¬
illinois
ered
Chicago Board of Education (P. O.
Chicago), III.
Lower
of
p.m.
Printed bonds and ap¬
received.
interest
requirements.
•
2
at
date, when the award of the bonds
will be made if satisfactory bid is
now
6 mill levy to take care
and
specifications
.
Proposals will be
referred to ahd considered by the
Board
of
Commissioners at its
substantial reduction in the
a
the
to
herein set out.
retiring these bonds at the rate of
$44,500 per year. After all bonds
have been retired it is anticipated
Issues
City of Chicago, 111.,
the
at
1944, and the pur¬
chaser must be prepared to pay
March
on
Rates
1,
for said bonds in Federal Reserve
Urged—Stating that ''some re¬
funding bonds cost the taxpayers
funds
cept
be
continued-'as
'
1.
.
folf
•'?
: r
Higher tuition
charges and an
increased number of high schobl
students in portions of the county
not served by high schools of their
own
responsible for the defi¬
are
day and each proposal must be so
conditioned.
Principal and inter¬
paid off as rapidly as pos¬
sible," Newton C. Farr, president
of the Civic Federation, on Jan..7
urged that contemplated Chicago
Board of Education refunding be
at a low enough rate, so that total
taxpayer
obligations
would be
lightened.
■ '
v
:,•/<
;
;
est
payable at the District
Enclose a cer¬
check for $65,000, payable
the
expanding costs.
Instead of
making a permanent increase in
the rate, which would have to be
of
Mr. Farr made the statement at
Commissioners
tenders until
of
Board
the
sealed
receive
will
hearing of the
Board
of
Education,; at which
various
civic organizations sent
representatives to comment on the
1944 budget.
;
.,
V..
(CWT) on Jan. 25 of series
A and B refunding bonds,.< dated
He referred to the rumored in¬
800,000 available for the purchase
of such bonds and the -loWest ob-*
public
a
10
budget
.
Sept. 1, 1935, and series-L and D
as of Marchnl, 1936i
The Treasurer has a sum, of $3,-
,
value
callable, Aug. 1, 1944, to
possible
substantial
a
;
re¬
duction in the 1944 bond and in¬
terest
Mr.
Farr
addition
4Vz%
a
the
out
that, in
•the
made up
•levies,
"tax
presume
...that
the
"
•''*■1
held
submit
to
issue
of
$2,500
bonds.
bonds
the
to
•
an
completion
sewer
per
annum,
the
fate
paid by the district on
its tax anticipation warrants. The
same
bonds will be retired serially over
a
20-year period. _:
Worth Township (P. O. Meta-
mora), III.,
;"Y':
,
Bonds Voted—An issue of
$12r
000 road
improvement bonds
a
at
was
are
;J.
in¬
~
000
in
1946
1960
to
deemable
to
1959, and $180,000
1963.
on
All
the
bonds
earliest
The; return
purpose.
funds
re-
date
ous
collections
as
special
to
Fort
—The bonds
-
of this city now are
rated
AAA by Moody's Investors
Service, according to the Fort
Wayne "Journal Gazette" of Jan.
5, which continued as follows:
Until
the
revised
announced
the
ratings
were
held a AA
City Attorney Walter E*
city
said the rating was the
highest and is based on the city's
financial strength, capacity to pay
and record of bond retirements.
that
city
attorney
civil
the
pointed
city had
out
less than
$500,000
bonded indebtedness;
while its bond limit is in excess
assessment
these
man,
City
vari-r
ceive
sealed
warrants;
bonds
subsequent
date are called for payment. The
bonds may be registered as to
principal. Bidder shall specify the
funds, legally available for pay¬
ment of all of its past due special
rate of interest in
to 1932.
optional' at
a
l/10th of 1%.
to
be issued to refund
These bonds
a
city
coupons, some
These
are
like par
to
bonds
assessment
multiples of Va
or
the
make
and
these
interest
of which date back
i
•
are
now
Controller,
of
enabled
in the process of
payment, but it probably will, be
many months before
all of the
other
or
misapplication of
such funds, resulting in
certain of
obligations of the City. The bonds
shall
be
issued
and
offered
for
sale under and pursuant to
Chap¬
ter 89 of the Acts of the General
Assembly of 1939.
Enclose
tified
2l/z%
check
amount
for
a
cer¬
of
the
bid, payable to the City.
,
Additional Offering—Mr. Hick¬
will receive sealed bids on
bonds
bearing interest
the
day at
same
exceed
4%
bonds.
Dated March
nominations
Jan.
$1,000.
1, 1944. De¬
Due $5,000
1, 1946 to 1966.
terest to be
1%, and not
shall
be
Rate of in¬
in multiples, of
Said bonds
than
more
named
to
by
be
Va of
rate
one
each
bidder.
awarded
the
to
best
responsible bidder who has
duly qualified and has submitted
his
bid
notice
will
in
of
accordance
sale.
the
be
The
who
one
interest
net
with
best
the
bidder
offers
cost
the
the
to
and if two
or
more
bids
are
county recorder, in order to
city's lien.
sub¬
pro¬
tect the
-
mitted
specifying the same Tate of
! interest the bid naming such low-)
,est
rthe
rate
of
largest
of premium
No bid will be
amount
shall be accepted.
.'considered that does not'.offer to
purchase the entire issue of $3,310.000 at not less than par, at one
rate
of
Winnebago
District
interest, and " offering
interest
and
otherwise
•
Co. Non-High School
(P. O. Rockford), III.
Bond Issue Scheduled—An
$80,deficit bond
issue will be
300
floated
as
of Feb.
1
by the above
district to retire indebtedness ac¬
crued since
Rockford
1937, according to the
"Register-Republic"
of
that
the
fund,
as
of
Fund
Bond
Deemed
Service—Gov¬
B.
Hickenlooper reports
State's
primary
road
of Jan. 1, had a balance
$7,150,320, which, together with
gasoline taxes
license fee
in
and motor vehicle
to be collected
revenue
1944, make it certain that the
fund
will
bonds
be
able
to
retire
all
falling
due and meet all
interest payments during the year.
The
Governor
will have
left
"a
for
added
that
comfortable
primary
Iowa
surplus
road
mainte¬
work."
nance
kentucky
•
Kentucky (State of)
County
Bond
Issue
Data
Com¬
piled—Harry R. Lynn, State Local
Finance Officer, has issued a re¬
port containing condensed finan¬
cial
statements
having
data
bonds
includes
subject
to
for
each
county
The
outstanding.
assessed
debt
valuations
service
levies,
sinking fund balances, details of
outstanding bonds as to purpose of
issue, interest rate, maturity, op¬
tional dates, and statu^ with re¬
gard to eligibility of the bonds to
secure public deposits.
Mr. Lynn
will-re¬
until
bids
10!;a.riv.
(CWT) on Feb. 7 for the purchasd
$560,795.83 not to exceed: 4%;
interest
Barrett
law ; deficiency
of
has
sive history of county bond issue
the
their
to
maturity and de¬
ducting therefrom the premium
bid, if any. No bid for less than
par, plus accrued interest to date
of
delivery,
named
in
the
at
the
sidered.
bid,
Said
interest
will
bonds
be
rate
con¬
being
sold to provide necessary funds
for the purchase, installation and
insulation of 32 digesters at the
Sewage
Disposal Plant
of
the
Sanitary District and the payment
of
necessarily
expenses
in
connection
bonds
are
shall
incurred
therewith.
The
be
be
bills
urer's
office;
Said
f
bonds
shall
respect be a corporate
obligation of the City, but shall be
and constitute
the
District
an
indebtedness of
special taxing
district,, and the bonds and. inter¬
as
a
est thereon shall be payable only
out of
special tax to be levied
a
all property in the District,
provided by law, which terms
upon
shall be recited
on
the face of the
bonds, together with the
for
which
shall
sale
be
issued.
issued
under
and
bonds
offered
the
to
State
titled, "An Act Concerning the
Department of Public Sanitation,"
etc;,
approved March 9, 1917, and
allr.|iet$
' amendatory thereto and
Supplemental thereof.
Enclose a
check
bonds bid
for, payable to the City
83.
Controller.
:De4
$1,000, one for $795.Due $14,795.83 July 1, 1945,
and
$14,000 January and July 1,
1946, : to Jan. 1,. 1965, inclusive.
Rate of interest to be in multiples
for
3%
of
the
ficiencies
in
the
various
temporary
Barrett
Improvement funds, arising
prepayment of assess¬
ments and the consequent stop¬
because of
of interest by operation of
by the failure to collect in¬
page
law or.
due date of the pre¬
terest to the
paid installments thereof ; and be¬
cause
funds
roll
of the
paid
diversion
on
one
and account
to
certain
improvement
the
of bonds and coupons
to
of
payment
chargeable
another roll and account;
and
been
virtually
credit
structure
corrected
has
county gov¬
In addition, he
suggestions -if for
presented
future
administration
indebtedness
eral
and
of
ernment restored.
and
of
and
county
their .gen¬
finances.
Opposes Turnback
of
Gas
Tax
Revenues to Cities—In response to
an
inquiry made by Mayor Wil¬
Wyatt of Louisville, State
Highway Commissioner Stephen
son
lon
gasoline tax be returned to the
cities.
The move is favored by
the
Kentucky
loan
following
warrants
aggre¬
Sale
Details—Mary
L.
Goss, Town Clerk/reports that the
$10,000 water plant revenue bonds
sold to the Benton County State
Bank, of Blairstown, as previous¬
ly reported, were sold as 2V2S, at
par.
4
•"
■;
.
League,
'
Passage
Of
Bridge
Bill
pected
to
approve
on
?
Ex¬
was
pected—The Sate Senate
ex¬
Jan.
10
a
bill
providing for a $2,500,000 ap¬
propriation to be used to retire
indebtedness
toll
on
all
on
State-owned
bridges. After the Senate acts
the measure, it will be consid¬
ered
in
the
House,
press
according to
from
Frankfort.
advices
These
sources
had
bill
also
been
noted
that
introduced
in
a
the
legislature
calling for the crea¬
continuing State fund of
$2,000,000 annually to be used for
the
retirement
of
outstanding
county road and bridge indebted¬
ness,
both funded and floating.
tion of
a
Half the money would be divided
equally
the
among
the
other
120
half
counties,
would
apportioned oh the basis of
parative
Counties
area.
indebtedness
be
com¬
without
contracted
prior
to
Jan.
1, 1944, would be allowed to
spend their share on road and
bridge improvements.
Park
Plans
issue
is
of
V
;
.
■
Hills, Ky.
Bond
Council
Sale—The
planning
$6,000
fire
to
City
sell
an
equipment
bonds that carried at the Novem¬
ber
election, it is reported.
.
louisiana^
v
Vermilion
Parish,, Bayou Tigre
•: Drainage
District i- (Pi'. O. >' ■> c»
Erath), III. 1
v-AJV
Bond Sale—Thei $5,000 v public
improvement bonds ; offered Jan.
11—v, 159, p. 54—were awarded
.
„
to
Blairstown, Iowa
Bond
Municipal
of which Mr. "Wyatt is president..
while
Sale—The
Warrant
of Va of 1% and not more than one
Law
County Debt Act of 1938, un¬
der which numerous defaults have
en¬
certified
Dated March 1, 1944.
comprehen¬
a
developments since enactment of
for
the
Act of the Gen¬
pursuant
provisions of an
Assembly of
eral
The
and
purpose
nominations
bonds.
prepared
of
not in any
as
also
negotiable as in¬ Watkins expressed
opposition to
exchange/and shall a proposal that 20% of the
yield
payable, at the County. Treas¬ from, the State's
5-cent-per-gal-
land
'
.ifying the lowest rate of interest
for
B.
ernor
a.m.
(CWT)
$105,000 not to
sanitary district 1944
,
'
.have all of these certificates
prop¬
erly recorded in the office of the
Ample
(State of)
Road
11
.
shall be .the Acceptable bid spec-j
Primary
for the purchase of
.
riot^le^1•tha^^^arV!.* The best bid
municipal
a
man
gating $1,095,000, offered for sale
on
Jan. 10—v. 159, p. 54—were
at the rate of 4%', 4V4%, 4Vi%>; bonds are
presented, as many of rate shall be named by each bid¬ awarded to a syndicate composed
4%'%, 5%, and 6%, respectively) the owners are located in various der. Said bonds to be awarded to of the, Fletcher Trust Co., the
redeemable on March 1, 1944, and parts of the
country. As far as is the best responsible bidder who Union Trust; Co., the Indiana
are
payable from
ad
valorem known, this will give the city a has duly qualified and submitted National
Bank,
the
Merchants
taxes to be levied upon all the record of no
"his bid in accordance with the no¬ National
person ever having
Bank, the Indiana Trust
taxable property within the boun-; lost a cent on the
tice of sale.
The best bidder will
principal or in-:
Co., and the American National
(daries of the. Park District, with-? terest coupon of any type of city be the one who offers the lowest Bank, all of Indianapolis, at a
! outlimitation as to • rate or of Rock Island bond, whether net interest cost to the City, to be rate of
0.75%, plus a premium of
amount. The assessed valuation of same be a general
by
computing
the $142.20; $750,000
obligation, rev-> determined
general
fund;
taxable property in the Park Dis¬ enue or special assessment.
total interest of all bonds to their
$125,000 Board of Health; $100,000
trict a^, last determined being for
The
city received' over, four maturity, and deducting there¬ Firemen's Pension Fund; $25,000
the ye^f;1942 is $1,861,585,339. The thousand certificates of
purchase from the premium bid, if any. No school health fund; $20,000 tuber¬
total outstanding bonded indebt- at this tax sale, and these are now bid for less than par, plus accrued culosis fund, and $75,000 Sanitary
edness of thg Park District is $75,- being tabulated and indexed.
The interest to date of delivery, at the District .warrants.
All
due
on
304",700lV, ^Bon^;,1 will be awarded city does not intend to go through interest rate named in the bid, May 15, 1944.
to the acceptable bidder offering the process of
Said bonds
getting tax deeds on will be considered.
the lowest rate of interest and at these properties, but will
iowa
merely are being sold to pay certain de¬
amount of
Iowa
deposit;
certain
for
property
airport.
bonds
Wayne, Ind.
City Bonds Get Revised Rating
the
shall first be redeemed before any
were on
of
quire
in
tation, to be determined by com¬
puting the total interest on all the
formed that $20,000 water revenue
bonds were sold recently to H. C. of . $3,000,000,
based on the as¬
Aug. 1,. 1944,7
Speer & Sons Co., of Chicago, a? sessed valuation.? Revenue bonds
he declared. ,"The public
expects .3
for the. water filtration plant and
Vas, at par. ;.%4;•:>
this fund to be so applied and
any
sewage disposal plant are being
Jt
other procedure would react
;
•
Rock Island, III.
i ;
un-f
retired on schedule, with all in¬
Funds Available for Past Due
favorably on the taxpayer."
r
terest
and
principal
payments
Assessment Bonds—We quote in
having been made to date^ Mrl
Chicago Park District, III.
part as fallows from an article Helmke said.
*
;
Bond Offering — Leroy Wood¬
appearing
in the Rock
Island ; Helmke
explained that under
land, Director of Finance and "Argus" of Dec. 31:
the new AAA rating; municipal
Property, will receive sealed bids
One outstanding thing the city
bonds would be recognized as se¬
until 10 a.m. (CWT) on Jan. 25 for .council authorized was the
pur¬
curities of the highest type.
The
the purchase of $3,310,000
coupon chase. at the regular tax sale of
former AA rating was the second
refunding of 1944, Series J, bonds. all of the unpaid city special as-,
highest possible.
y
•
Dated March 1, 1944.
Denomina¬ sessments out of special reserve
tion $1,000.
Due March 1, 19-34, funds, which had been allowed to
Indianapolis, Ind.
V
optional Sept. 1, as follows: $185,- accumulate; for
Bond Offering—Roy
E. Hick¬
this
particular
in
diversions
banks
Board of Public Works and Sani¬
The
'
because
lowest
recent election.
indiana
•
1 Bond Sale Details—We
these funds ; wjlli be; used to re 4
deem the maximum, possible, total
of bond principal on
1%%
Helmke
voters
Poio, m:
both
at
rating.
Hill, III.
)•: '/.V.;'.
entire
in
election held on
an
Pleasant
j
available
bonds
Bond Election—An election was
fund,"
$5,330,878.
balance
•
voted at
of
issue
construction
road
Deq. 18.
of the proceeds of bond
was
"We
cash
the
y''V
■
Voted—An
Bonds
was
V
/;■>
III.
$28,000
fund, and totaled
of Nov. .30, 1943. At
date
Eastern,
local
investment
broker, who offered to take the
the
Township (P. O. Secor),
service"
same
Boyd
voted
Av
that
reports
Clerk,
.'■XV
pledged as security for the
payment of these bonds. He said
that this money has been accumu¬
lating -since 1934, in a-special
as
floated in 1937.
Metropolis, III,
Bonds Sold—W. C. Worthington,
Palestine
regular tax levy,
was
"bond
$1 general rate.
similar bond issue for $95,000
V
have been sold.
the rental of school fund property
$5,763,707
A
$20,000 working cash fund bonds
interest rate.
pointed
to
accrued interest.
and
City
levy, before extension. - The
bonds bear
prices, not exceeding par
tainable
the $22,300,000 issue of revolving
.fund bonds of 1934, when they
make
a.m.
bonds, dated
tention of the Board to refinance
become
in addition to the
Conklin said the best bid for the
new bond issue was received from
i
Which said funds
and
rate to retire these bonds is levied
tified
^
certain
lected funds should have been'
ap¬
plied.
Said bonds shall be the
$1 per $100 assessed valuation
has proved inadequate to cover
was
•
of
The district's maximum tax rate
of
(M-S)
Tenders Wanted—The treasurer
insolvency
the non-payment of certain bonds
and coupons to which such col¬
Treasurer's office.
to the District.
because of the loss of certain Bar¬
rett Law funds by the
closing and
cit, according to County School
Superintendent Paul S. Conklin.
later than 9:30 a.m.
in the long run than .would
the case if the original issue
were
.
1,. which
lows:
payable in Chicago and ac¬ approved by referendum, the nondelivery of the bonds not high board has chosen to issue
(CWT) on that deficit bonds as needed. The tax
more
•
Jan.
261
the Bank
of
Erath,
price of 101.10,
2.84%.
due
to
a
3s, at
as
basis
a
of about
Dated March 15, 1944 and
on March 15 from 1947
$500
1956
100.11
incl.
for
Second High bid
3s
was
made
by
of
the
Equitable Securities Corp.
maine
Augusta, Me.
Note Offering—It is stated by
Bond Election—At an election
H. C. Hammond, City Treasurer,
on Jan. 20 the voters will consider
Harlan, Iowa
an
issue
of
$25,000 bonds to ac¬ that bids will be
received until 11
,
1.25%; $1,140,000 4s, due 1945 to
1954, to yield ..40 to 1.05%, and
$1,280,000, 4s, due 1958 to 1962,
to yield 1.25% to 1.35%.
(EWT), on Jan. 17, for the
purchase at discount of $300,000
temporary loan notes, issued in
anticipation of revenue for the
year 1944.
Dated Jan. 19, 1944.
Due $150,000 on
Sept. 20, 1944,
a.m.
$50,000
offered for sale on
153—were
awarded to the
First National Bank of Attleboro
p.
at 0.39%
purchaser. Notes will be authen¬
ticated by the above bank, under
advice of Ely, Bradford, Thomp¬
1944.
and all legal papers
filed
& Brown,
incident to this issue will be
with said bank.
Portland, Me,
notes
12 were
Bank &
$600,000
Sale—The
Note
for sale on Jan.
offered
awarded
Casco
the
to
,
.
Co., of Portland at 0.374%
discount. The next highest bidder
was:
National Bank of Commerce,
Trust
The notes are
1944 and mature
Portland, at 0.38%.
Jan.
dated
Oct.
17,
:
1944.
5,
;
MARYLAND
Baltimore, Md.x
Sale—The
Secondary
000
on
bonds offered for sale
Jan. 11 by Baker, Watts & Co.,
153—
159,
agents—v.
as
awarded
were
to
p.
syndi¬
a
composed of the Bankers
Trust Co., Chase National Bank,
cate
Harris Trust
York.
of New
both
$25,000, (4) at $10,000,. and (2) ajt
$5,000 each.
Due in 10 months.
The
next
highest
bidder was
National Shawmut Bank, Boston,
at 0.39% discount.
Other bidders
were
Bristol County Trust Co.,
Taunton, at 0.398%, and Goldman,
Sachs & Co. (plus $10) at 0.41%.
(P. O. Salem), Mass.
$1,650,000 notes
on Jan.
11—v.
Note Sale—The
offered
sale
for
159, p. 153—were awarded to
Gloucester
National
Bank,
the
of
C 400,000
Renewal Notes.
De¬
Due April 1,
nominations $5,000.
1944.
Hospital
Tuberculosis
Maintenance
V Issued under authority of
Laws, Chapter 111, and
thereof.-, This
General
Acts in amendment
issue
renewal
is made
necessary
to the
by statutory limitations as
original issue, and not by
of failure of funds to be
assessed
for
their payment,
at
date of
reasons
Brown & 0.249%.
350,000
Tuberculosis
Hospital
Baltimore,
Goldman,
Due Jan. 15,
Sachs & Co., and Bacon, Steven¬ Maintenance Notes.
1945.
Issued under authority of
son & Co., both of New York, at
a price
of 124.12.
The bonds are General Laws, Chapter 111, and
York, Alexander
of
Sons,
divided
as
Acts in amendment thereof
follows: '■
and in
addition thereto, at 0.396%.
2%%
voting
machine
Each issue is dated Jan. 15, 1944.
loan bonds, due $100,000 Aug.
Other bidders were: -'•/./
;
1, 1945 to 1947, and $133,000
Cape
Ann
National "Bank,
Aug. 1, 1948.
Gloucester, for $900,000 at 0.394%,
772,000 3% fourth water loan
$400,000 at 0.365%, and $350,000 at
bonds, due $193,000 Nov. 1,
$433,000
575,000 3% public buildings loan
bonds, due $115,000 Oct. 1,
!
1962.
1958 to
loan
buildings
public
4%
1,140,000
•' »
National
0.44%.
! :
1955.
1952 to
bonds, due $114,000 Oct.
Merchants
'
.
Bank,
$900,000 at 0.39%,
$400,000 at 0.37%, and $350,000 at
Salem,
for
Naumkeag Trust Co., Salem, for
First
National
Bank,
Chicago,
Lazard Freres & Co., Union Se¬
curities Corp., New York, Coffin
&
Note
Offering—J.
Russell
han, City Treasurer, will receive
bids until 11 a.m. (EWT) on Jan.
18 for the purchase of discount
of $800,000 revenue anticipation
notes of 1944, dated Jan: 18, 1944
Burr, L. F. Rothschild & Co.,
Weeks, Milwaukee
Co., Hemphill, Noyes & Co., and
Martin, Burns & Corbett, at a and due $400,000 each on Nov. 15,
price of 123.621.
1944, and Jan. 17, 1945..
Smith, Barney & Co., Harriman
Maiden, Mass.
Ripley & Co., Inc., First Boston
Note
Offering — J.
Howard
Corp., Phelps, Fenn & Co., Estabrook & Co., First of Michigan Hughes, City Treasurer, will re¬
Hornblower &
Corp., Charles E. Weigold & Co.,
Co., of Baltimore,
at a price of 123.521.
First National Bank, New York,
Glore, Forgan & Co., Salomon
Bros,
&
Hutzler,
MercantileCommerce Bank & Trust Co., St.
Louis,
Lee
Higginson
Corp.,
Spencer Trask & Co., Mercantile
.Trust Co., Baltimore, Paine, Web¬
ber, Jackson & Curtis, Commerce
Union Bank, Nashville, and Mackubin, Legg & Co., at a price of
and Union Trust
123.093.
..
Weeden
•
&
Co.,
at
price
a
122.741.-
sealed
ceive
(EWT)
Dated
until
bids
Jan.
on
19
chase at discount of
noon
for the pur¬
$750,000 notes.
Jan.
&
Bank
19, 1944.
Denomina¬
$25,000, $10,000 and $5,000.
6, 1944.
Issued in an¬
ticipation of revenue for the year
Bankers
Trust
re-offered
the
Co.
and
bonds
—
The
associates
as
follows:
1944.
about Jan.
The
19, at said bank.
will be
notes
authenticated
as
to
genuineness
and validity by the
National Shawmut Bank of Bos¬
chusetts
Statistics
Municipalities,"
presented
sessed
of
includes
valuations
of
the
Massa¬
and the
1943
as¬
various
$772,000 3s, due 1952 to 1955, to
yield .90% to 1.00%; $575,000 3s,
net debt
1962, to yield 1.15% to
Deposit
Co.
Trust
&
-w——
ration, tax levy and col¬
lections as of Oct. 1, 1943, also tax
titles outstanding and tax rates.
will be in
bonds
Forman,
15,
notes
Jan. 11—v. 159,
awarded
the
to
15,
Dec.
$100,000
and
bidders
Other
1944,
National-
were:
Bank, Boston, at 0.394%;
Second National Bank, Boston, at
0.396%; First Boston Corp. (plus
$7) at 0.40%; Goldman, Sachs &
Co., at 0.416% and First National
Bank, Boston, at 0.418%.
%
$1,000 de¬
NEW JERSEY
$20,000 in 1945 and $30,000
1946 to 1949. Bidder to pay all
lows:
in
•
,
$300,000
Shawmut
Due March 1, as fol¬
nominations.
0.40
MICHIGAN
Long Branch, N, J.
■
Authorized—The
Bonds
'
Board
of said issue, including of Commissioners passed on third
preparing bond his¬ and final reading Jan. 4, the
tory,;. printing,
registration and ordinance authorizing the issu¬
attorney's fees. A certified check ance of $306,000 in bdnds for the
expenses.,
Detroit, Mich.
advertising,
Postpones Action on Excise Tax
Levy—Action
on
proposed 5%
a
excise tax on horse¬
wagers i at
the State Fair
municipal
race
Grounds—one of several new city
levies
considered
as
a
financing post-war proj^
ects—was deferred Jan. 6 by the
being
for
as
$500 must accompany each
bid $3,500,000
beachfront protection
project here to be financed jointly
by the city, state and county.
; ;
According to the terms .of the
ordinance, the commission may
appropriate up to $700,000 as a
guaranty of good faith and
the. successful bidder will
a
that
the required contract and
purchase the bonds not as a pen¬
alty,;; but as liquidated damages.
City Council pending the outcome The city reserves the right to re¬ maximum if needed to
complete
of a city audit of the financial
ject any or all bids, or to waive the city's share of the project,
%y
records of the Detroit Racing As¬
any technicalities in the bidding. 'V
The measure provides for the
sociation to obtain data as to the
erection of jetties and bulkheads
Nebraska (State of) <
effect such a measure would have
means
of
sign
Bonds Sold By State
racing operations.
Mayor Jeffries has
on
various drainage projects.
drainage in Michigan has created
growing appreciation of the
k
of
better
value of farm drainage as one
the
rocks
which
upon
a
agriculture
declared
can
Figy
,,
districts interested in
the cleaning out of a river pro¬
viding an outlet to farm drain¬
of drainage
Takanassee .i: Lake
from
Lands Der
When the measure received
it
23,
and the state would add an addi¬
New Jersey
the "New Jersey
Market," published by J. B. Han- '
& Co., Newark, marks its
tenth year of continuous publica¬
tion. The files of the publication
$33,000; $46,000 village of
kosh fundings at $51,350..,
the;:, valuations' of
specific periods. <
No.
Osh; r;
Corp.,
Schweser
S.
Robert
Jan.
19,
outlets are pro¬
drains, the whole
will
years
jeopardized,"
be
to
Due Nov.
Mountain Iron,
—
Anton
Cerkvenik, Village Clerk,, will re¬
ceive
on
sealed
Jan,
$40,000
ness.
close
17
bids
for
until 7:30
the
certificates
check for 5%
of
indebted¬
Denominations $1,000.
a
p.m.
purchase
of
Sale—The
offered for sale
Minn.
Offering
Certificate
Note
En¬
of amount
bid, payable to Jalmer Lundgren,
Due Nov.
Buffalo, N. Y.
Due"
1944.
Dec.
Dec.
First
Jan.
1
last was
four-year period.
office for
last previous
..."
Rate
: :
•
.
Bank, Dover__u. 0.419%
(plus S5)
0.43
Bank, Boston (plus $4)_ 0.43
National
0.435
Goldman, Sachs & Co..:
a
$3,000,000 refunding issue, matur¬
ing in equal annual amounts from
1948 to 1952 incl., was awarded to
an
account
composed
of
the
National City Bank of New/.York
and the
Trust
Boston Corp.
First Nat.
MISSOURI
Bonds—
re-elected toThe
occasion that Buffalo appeared in the long-term market >
was
in September, 1942, when a
on
$450,000 notes
Jan. 7—v. 159,
were:
Bidder—
$3,000,000
ary on an issue of $3,000,000 re¬
funding bonds, it is stated by
Comptroller Frank M. Davis, who
15,1944, and $100,000 each on
22, and Dec. 29, 1944. Other
bidders
-
City of Buffalo, N. Y., will
ask for bids sometime in Febru¬
The
17
follows $250,000 on
as
Issue
To
55—were awarded to the Lee
p.
1, 1947,
NEW YORK
Higginson-Corp., of New York, at
0.4174% discount.
Dated Jan. 10,
Stafford
Village Treasurer.
on
1, 1946.
ocean front improvement
bonds.
Denominations $1;000.
Dover, N.H.
MINNESOTA
of
9,000
'
NEW HAMPSHIRE
purchase
bonds, divided as follows:
'
1%
$14,000 ocean front improvement
bonds.
Denominations $1,000.
Co.,
after date of.issue.-
t
'V
Figy declared.
Due in from 3
the
for
$23,000 6% semi-annual registered
18 to submit to voters an issue of
tion bonds.
will re¬
bids until 2 p.m. on
sealed
$15,000 V/i% semi-ann. construc¬
"Unless proper
,
Commission
Fund
ing
ceive
$29,000;
To
at
City, N. J.
Bond Offering—The City Sink¬
$27,000 village of Elgin refundings
at
securities
■ -
Ocean
Ainsworth
$11,200;
$10,000
(Ponca)
School
bonds at $11,075;
1
frequently consulted by vari¬
in order to determine
ous sources
Omaha: $9,500 City of
District
of
Municipal Bond
auer
-
floods result follow¬
current -issue
Years—The
,
that
(State of)
Study .Published
Market
Bond
10
.
ing every sustained rain/
the construction.
tional $900,000 to
Omaha; $52,000 City of Harvard
age, ' the
state
could purchase
refundings
at
$54,300;
$22,000
those bonds at a small rate of in¬
Kearney County (Axtell J School
terest
and
possibly
solve
our
District 57 bonds at $23,100.
drainage problems," he stated.
,:
Figy pointed out that drains are Sarpy County School District No. t
of no value without an outlet and
(P. O. Bellevue), Neb. %
Bond Election—An election is
that many rivers have become "so
clogged with sand bars and fallen said to have been called for Jan.
timber
was
are
refundings, at
Dixon
County
in¬
the County Board
lage of Laurel refundings at $20,-
Bender
Sea
announced that,
of Chosen Free¬
holders would contribute $100,000
Nov.
000; $30,000 Lincoln County, Max¬
well
Precinct
bridge bonds at
Wachob
to
itial approval on first reading be¬
fore
the
commission
meeting
$11,000; $9,000 Keya Paha County
refundings at $9,300; $18,000 Vilr
To
-
View Avenue.
estimated partment—The State Department
that the proposed levy would pro¬ of Educational Lands and Funds
duce $1,900,000 a year for the city. offered at auction on Jan.-10 a
group of 47 blocks of municipal
Michigan (State of)
bonds aggregating $1,114,000.
A
Purchase of Drainage District
partial list of the awards follows:
Bonds Advocated—Charles
Figy, To
Kirkpatrick-Pettis Co., Omaha
State Commissioner of Agricul¬
—$20,000 ; Brown County (Ainsture, on Jan. 1 advocated State worth)
School District No.^.10
purchase
of
drainage
district bonds at a price of $23,500; $22,bonds as
a
possible solution of 000 City of Chappell sewer and
Michigan's age-old drainage prob¬
park bonds at $24,350; $10,000
lems and as protection for nearly
Hitchcock
County
(Culbertson)
$75,000,000 already invested in School District No. 1 bonds at
at the National
of Boston, and
will be ready for delivery on or
data
Boston
(plus $27)
Bank
local units, gross and net debt as
of Oct. 1, 1943, population figures,
due 1958 to
Sons„______:
Bank,
Boston,
0.37% discount.
Dated
1944. Due $200,000 Sept,
at
ton,
Jan. 13,
J.
7:30
Payable
Shawmut
$433,000 2%% bonds, due 1945 to
1947, priced to yield .40% to .70%;
'
&
Safe
investment
Trust
Offered
Rollins
National
vided for these
"Financial
Bonds Publicly
H.
Boston
on
154—were
p.
'
The
0.35%.*
0.35
Corp.0.375
0.39%;
of
Merchants National Bank of Bos¬
0.38-
Boston
tions
under
advice
of
Storey,
of ton,
Thorndike, Palmer & Dodge, of
122.622.
E.
First
Int. Rate
•
.
BostonJ—
Bk., Watertown
Nat.
Due Nov.
Boston.
The right is reserved to
Co.,
New York, F. S. Moseley & Co., reject any or all bids and no tele¬
Stone
& Webster and Blodget, phone bids will be received.
Inc., B. J. Van Ingen & Co., Kean,
Massachusetts (State of)
Taylor & Co., W. E. Hutton &
Municipal Financial
Statistics
Co., E. H. Rollins & Sons, and
Compiled—Tyler & Co., Boston,
Stein Bros. & Boyce, at a price of
are distributing the 36th edition of
Chemical
First
-
Bank,
National
Market
Union
Saler—The
offered for sale
v
0.39
were:
Bank
Portsmouth, N. H.
City Clerk, will
at
Nashua
Nashua,
Bank,
National
Note
receive oral bids
p.m.5 on Jan. 18 for the
purchase of $140,000 not to exceed
iy4%
interest refunding bonds.:
Dated
March-1, 1944.
Interest
M-S. (Previous mention of the of¬
fering was made in v. 159, p. 154).
be established,"
in a summary of
the
department of agriculture's
activities during 1943.
.* \ %
"If in the post-war planning a
v";
sufficient
amount
of money is
Bomade available to buy the bonds
Gloucester, Mass.
Among the other bidders were:
,
ders
Second
Offering—A.
Bond
the
to
0.393%.
Fremont, Neb.
*
"The increased demand for farrrt
,
.
Merchants National
t
NEBRASKA
the
Bank, of Bos¬
to
ton, at 0.347%. Dated Jan. 7, 1944.
Due on Nov. 15, 1944.
Other bid¬
0.45%.
$900,000 at 0.395%, $400,000 0.37%,
1, 1945 to 1954.
and $350,000 at 0.45%.
855,000 4%
third water loan
Beverly
National
Bank,
for
bonds, due $285,000 Oct. 1,
$900,000 at 0.397%, $400,000 at
1958 to 1962.
1
:
0.375%, and $350,000 at 0.445%.
425,000 4% public library loan
Goldman,
Sachs > &
Co.,
for
bonds, due $85,000 Oct. -1,
$350,000 (plus $10) at 0.43%.
1958 to
.
on
awarded
153—were
p.
$900,000 Tax Anticipation Notes.
Due Nov. 8, 1944.
Issued in an¬
ticipation of taxes for the year
Co., both of Chicago, Blyth & Co.,
R. W. Pressprich & Co., both of
New
offered for sale
prices less than par.
notes
Jan. 7—v. 159,
National
First
1937,
refunding bonds of March 1,
at
Watertown, Mass.
Sale—The $300,000
$200,000
159, p.
Co., Nashua, at 0.38% dis¬
count.
Dated Jan. 11, 1944, and
due Dec. 4, 1944.
Others bids ih"cluded the following: Indian Head
Musselshell County
v
.
Note
Gloucester as follows:
Savings Bank, Northern Trust
&
0.416%.
Bidder—'
Essex County
1944, at 0.384%.
$4,200,-
,
coupon
Baltimore,
discount. Dated Jan. 12,
Denominations
(10)
at
154—was awarded
Denominations
1944.
11—v.
Jan,
Trust
MONTANA
Brockton,
Dated Jan. 11,
discount.
offered
notes
(P. O.
$25,000. Due
Roundup), Mont.
Nov.
Tenders
Wanted — Delia
E.
16,
1944.
Other bidders
were:
Rockland
Trust
Co.,
at Webb, Clerk Board of • County
0.384%; Plymouth National Bank Commissioners reports that the
at 0.39%; Hingham Trust Co., at Board will receive sealed tenders
0.394%; Bridgewater Trust Co., at until 10 a.m. on Feb. 9 of $20,000
at 0.35%
$300,000 notes
Jan. 11—v. 159,
Sale—The
Note
livery on or about Jan. 19, at said
bank.
Denominations to suit the
son
Home National Bank of
Mass.
9, 1944, and $50,000 on
Dec.
28, 1944.
Payable at the
National Shawmut Bank of Boston.
Notes will be ready for de¬
-
•
,
Note Sale—The issue of
.
;Mass,
■
O. Taunton),
Bristol County (P.
Oct. 13, 1944, $50,000
on
Nashua, N.H.
Whitaker & Co., both of St. Louis,
jointly, as 2s. Dated Dec. 1, 1943.
Note Sale—The $300,000 notes Legality approved by Charles &
offered for sale on Jan. 11—V; 159, Trauernicht, of St. Louis.
p.
153—were
awarded
to
the
Plymouth County (P.O. Plymouth),
MASSACHUSETTS
Nov.
on
Monday, January 17, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
262
Manufacturers & Traders
Co., Buffalo.
Colonie, Latham Water District
(P. O. Newtonville), N. L
Offering—John W. How^
Macon County
Price
(P. O. Macon), Mo.
Paid—The
$56,500
1%%
public hospital bonds purchased
by G. H. Walker & Co., of St.
Louis, as previously reported in
these
columns, were sold at par.
Webb
City, Mo.
Bonds Sold—An issue of $50,000
Bond
Franklin, N. H.
$150,000 notes
Jan. 13 were
awarded to the First Boston Corp.
Note
offered
at
Sale—The
for
0.412%.
sale
Dated
Denominations
and
First
$5,000.
on
Due
National
Jan.
$25,000,
Dec.
Bank
14,
1944.
$10,000
15, 1944.
of
Boston,
second high bidder, named a rate
judgment funding bonds was sold
to Edward D. Jones & Co., and of 0.42%, plus $2. '
arth,
Town
sealed
Clerk,
bids
until
will
receive
12:15
p.m.
(EWT), on Jan. 19 for the pur¬
chase of $12,500 not to exceed 5%
coupon
Series
or
registered water, ninth
bonds.
Denominations
Dated Feb. 1, 1944.
$1,000,
one
for
Due Feb. 1, as follows:
$2,000 in 1945 to 1949, .and $2;500
$500
Vplume 159
in
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4247
Rate of interest to be in
1950,
of .24
multiples
one-tenth
or
1%, and must be the
for all
of the bonds. Principal and inter¬
est payrolls at the State Bank of
Albany with New York exchange.
same
Valid and legally binding obliga¬
tions ; of
the
Town,
payable
primarily from a levy upon the
several lots and parcels of land
within
the
,
District
of
the
Town
liable
considered
be
not
of
tax-exempt.
The
opposite view Was argued by
Counsel for the Port Authority,
well
ers, as
as
the contention that
1,
nicipal bonds would necessarily
require " increased interest rates
such obligations, and, in effect,
constitute a barrier to their fiscal
Due
on
property in
is part
j/, '/
operations.
.While it is true that the action
for the purpose of constructing an
extension to the water system; of
the District, the periods of prob¬
able usefulness of/which is 40
In the event that
prior to
delivery of the bonds the income
received by private holders from
bonds of the same type and char¬
shall,
acter
be
taxable
by the
income tax
terms of any Federal
law, the successful bidder may, at
his election, be relieved of his
Obligations under the contract to
purchase the bonds and in such
the deposit accompanying his
bid will be returned. The approv¬
case
ing opinion of Vandewater, Sykes
& Galloway, of New York, will be
furnished
the
Enclose
cost.
purchaser without
certified check for
a
$250,000, payable to the Town.
of its'Washington corre¬
spondents: : //' // :.v/////://:/;:////
-./The entire argument goes back
to a study of English,' an interpre¬
tation of the meaning of the 16th
Amendment to the Constitution,
which
provides that "Congress
shall have the power to lay and
collect taxes ; on incomes, v from
whatever sources derived," and so
son, one
requested to
bidder
rate for part
Gruntal
was
&
other
of
no
100.269.
'/
;;/■'• vy
Refunding
total
Bonds
bonded
Only
$1,366,500
the
on
debt
1944
in
city's
1944
and
the
will
only
the
the inter¬
name
rates, in multiples of
Each bid may name one
or
% of 1%.
Co., Hallgarten & Co., and Ira Haupt &
Co., jointly, for 0.90s, at a price
earliest
rate
of the bonds (having
and an¬
maturities)
for
the
balance,
but
bid may name more than two
rates, and each bidder must spec¬
ify in his bid the amount of bonds
of
each
rate.
The
bonds
awarded to the bidder
will
be
offering to
tured
still
19%
19%.
will
These
of
free
The
/
they pay
as
/://///%/>• ,///
foldershows, that
1943,
during
$1,466,500
of the funded
paid off, reduc¬
ing the bonded debt to $9,145,000
bonded debt
was
total
amount of
the premium bid
to
the
as
interest
will
and accrued
par
be
No
entertained.
In
1944
the
event that prior to the deliv¬
the bonded debt will be $8,048,500
under -the- year's schedule.
ery
of the bonds
Dec, 31.
as
Stiffoik
At the end of
County (P. O. Riverhead),
N.
Bond,
eral
Y.
ceived
$200,000
gen¬
same
Federal
any
the
income
holders
re¬
from
type and char¬
acter shall be taxable
refunding bonds offered for
.
the
private
bonds of the
of
Sale-^The
by
by the terms
income
tax
successful bidder may, at
law,
his
Ohio
made
Personal
Intangibles Tax).
Legislature fixes the
of the
amount
tax
levied
on
in¬
tangibles subject to such levy, but
these bonds are exempt from such
levy, not by the Legislature, but
by the Constitution itself.
The
of
of this
the
producing
is
tax
at
present
from
income
income
intangibles,
and such
income is computed at the" coupon
present
than
specifically
the
Ohio
State
rate.
respective V maturities.
suc¬
Property Tax (sometimes referred
The
their
of less
of
from
from the aggregate amount of in¬
terest upon all of the bonds until
bid
the
having been is¬
1913, are by express
the State Constitu¬
Ohio,
amount
■
in
bonds,
provision
tion
5%
given them
mature
years.
sued prior,to
interest cost to the town/such cost
to be determined by deducting the
folder
callable, leaving
present supply
This balance of
the
all
ceeding five
purchase the bonds at the lowest
their 1944 taxes.
of
outstanding.
ing bonds in the sum of $270,000,
taxpayers are being reminded by
a
become
or
only
bonds to be issued will be refund¬
forth. The "from whatever > sources
derived" is the key to the whole
principal only; gen¬
eral
obligations; unlimited tax;
delivery at place of /purchaser's
choice. Principal and interest pay¬
able in New York City.
Bidders
rate
funded
taxation, it does not follow
that this larger question is speci¬
fically at issue in the instant case.
The following comment on the
proceeding appeared in the New
York "World Telegram" of Jan.
10 and was written by Peter Ed-
to
as
est
Issues—Payments
is¬
are
terable
1950 and 1951, $90,000 in
1952, and
$30,000 in 1953. The next highest
eral
bonds
Denomination $1,000. Due $10,Feb. 1, 1962 and 1963. Regis¬
000
are
nicipal securities subject to Fed¬
Said
of
pursuant to the Town Law
years.
Feb.
efforts to make all State and mu¬
thereon.
sued
of the Treasury's repeated
0.848%, Dated Feb.
Denominations $1,000.
1, as follows: $75,000 in
1944.
said bonds and inter¬
taxes to pay
est
Trust
valorem
unlimited
levy of
tp
subject
Mercantile-Com¬
&
basis of about
Federal taxation of State and mu¬
,
is
the
to
Bank
merce
Co.,* of St.
Louis, and the First of Michigan
which participated in the action Corp., of New York, jointly as
on
behalf of all of its bondhold¬ ,0.90s, paying a price of 100.362, a
therefore, but if not paid
therefrom,/ all of
the
taxable
the Town
awarded
263
free
and
Thus the benefit of this tax;
feature
on
equal
yield
a
bond
yield,'
1.05%
on
these
equivalent, for those
similar
on
at
in
subject to such tax, of
1.25%
is
.20%
of
bonds is the
4%
a
to
subsequent to
yield of
a
bonds
issued
1913.
Finally, we
call your attention to the fact that
neither these bonds, nor the in¬
come
to
therefrom, need be reported
the
State
Tax
Commission
of
election, be relieved of his obli¬ Ohio. ,/,';//;/:'/•; //;■/>//' ■■/•/////' ;■//;/ ,;;
159, p. 156—
These bonds, issued for the
gations under the contract to pur¬
pur¬
When ratification of this amend¬ were awarded to the Lee Higginchase the bonds and in such case pose of
extending the parks of
ment was being sought Charles E. son Corp., of New York as yls, the
deposit accompanying his bid Cincinnati, are full general obliHughes, then Governor 'of New paying a price of 100.279, a basis will be returned. The
approving gations of the City of Cincinnati-*
of about 0.965%.
Dated Jan. 1,
York,
raised
the
question
of
opinion of Reed, Hoyt & Wash¬ and are payable from unlimited
Due on Jan. 1 as follows:
whether it would not permit Fed¬ 1944.
burn, of New York, will be fur¬ ad valorem taxes. .- /•■/■/,;••/'■
eral taxation of income on State $20,000 in 1949 to 1952.
$30,000 nished the
purchaser. Enclose a
in 1953, and $90,000 in 1954./The
/
bonds. Senator William E. Borah
Coshocton, Ohio
"
certified check for
$400, payable
next highest
Bond
bidder was Equit¬ to
took
the
Offering—W.
J.
lead
in
assuring the
Beall,
the State Treasurer.
able .Securities Corp., for Is, at a
City Auditor, will receive sealed
States it would not be so inter¬
Washington Public School District, bids until noon on Jan. 27 for the
preted.
And Cordell Hull,/ then price of 100.023.
v,N. C.
purchase of $20,303.37 not to ex¬
Chairman of the House Ways and
Utica, N. Y.
/
Bond
ceed 3 % street improvement
Sale—The
$10,000
re¬
Means Committee, put a definite
spe¬
Certificate Sale—The $1,300,000
funding bonds offered for sale on cial assessment bonds. Dated Dec.
exclusion clause to exempt local
tax anticipation certificates of in¬ Jan.
11—v.
159,
p.
157—were 1/ 1943.
Denominations $1,000,
governmental securities from the
debtedness offered Jan. 12 were awarded to E. J,
Prescott & Co., one for $303.37,
Due Dec. 1 as
first revenue, act passed after the
awarded
to
the
Bankers
Trust of
Minneapolis, as l%s, paying a follows: $2,000 in 1945 to 1953, and
16th Amendment was ratified in
Co.; New York City, at 0.36% in¬ price of 100.75, a basis of about $2,303.37 in 1954.
Bidders may
1913.
'
terest. /; Dated Jan. 14, 1944, and 1.66%.
Dated Jan. 1, 1944,
De¬ bid for a different rate of interest
A
similar -exemption has re¬
due July 14,1944.
The certificates nominations $1,000.
in a multiple of % of 1%.
Due Jan. 1,
No
mained in the revenue code ever
will be issued against and re¬ 1953.
The next highest bidder bid for less than
par and accrued
since, and- nearly 100 efforts; to
deemed out of the Tax Levy of was R. S. Dickson &
interest.
Co., for l%s,
secure
a
Proceedings have been
constitutional ' amend4
the city, for the fiscal year of 1944, at a price of 100.16.
taken
under
the
supervision of
ment to
remove
this immunity
;'*£'*
#£•.*: V t'.ir ■'
\
.Yvi
; 'v
They will be issued in denomina¬
from Federal taxation have all
Squire,;; Sanders
&
Dempsey,
tions of $50,000 each/ payable at ;/v/;::,///b,;;;; ,
OHIO :
Cleveland, whose approving opin¬
been defeated. It is this statutory
sale
Jan.
on
13—v.
.
•
^////Gfen
Bond
Cove, N. Y.
Sale—The
annual
coupon
$60,000 semi¬
registered re¬
or
funding of 1943 bonds offered for
on Jan. 7—v. 159, p. 55—were
awarded to C. F. Childs & Co.,
sale
and Sherwood &
Co., both of- New
l%s, paying a
price of T00.333, a basis of about
1.21%.
Dated Dec. 1,1943.
Due
York-jointly,
as
Dec, 1 in 1950 to 1955.
on
r
;;
.
'
x
Other bids' for the issue were as
follows4.
'
,
Bidder—i'
-"'h
>
Int., Rate
Glore, Forgan & Co., and
Francis
I.
du Pont &
Price
.....
DO'
Co., jointly
Stuart & Co.r„-i 1.30
Loeb & Co._'_ 1.40
100.088
Halsey,
100.088
Newburger,
100.38
E;
White
D.
First
H.
1.40
Co.__i_-_
&
.100.16
.
100.41
of Michigan Corp.—
Allen
L.
&
Glen' Cove
Trust
Union
Nassau
100.05 '
1.60
Co
/
Bank, Glen
100.00
1.90 y
.Cove
,
s
100!447
1.60
Co.
Retire
New
York
ment
System (P. O. Albany), N.}Y;;
.
State Teachers
Bonds
Offered
State
The
—
Teachers' Retirement System re¬
ceived sealed bids at its office in
Albany
on
chase of
Jan./14 for. the. pur¬
$2,232,000,.3% fully regis¬
tered New York State bonds.
Due
1, as follows: $395,000 in
1954, $365,000 in 1955,. $440,000 in
1956 and 4957, $312,000 in 1958,
and $280,000 in 1959.
//•>
April
Port of New York
Authority, N. Y,
restriction which has caused; the
Treasury
to
take
the
rather
roundabout way of removing the
.
barrier
by starting court action to
collect
income
from Port of New York
bonds.,/,'
is
receive
decision
volving the legality of the Treas¬
ury
subject
to
move
to
Federal
bonds
of the Port of New York Author¬
the
taxation
income
from
ity and the Triborough Bridge
Authority and/inferentially, from
The obligations issued by all simi¬
lar
entities.
also
have
the'
may
important effect on
status
tax
decision
The
an
all
of
State
and
Regardless of
court rules in
the present instance, the decision
municipal
bonds.
which way the tax
will
United
1
carried
be
States
on
appeal to the
Supreme Court.
The current action was offcially
brought by the Bureau of Internal
Revenue and was the outgrowth
of
its
taxes'
attempt to
on
collect Federal
income' from Port Auth¬
ority bonds held by the estate of
Alexander J.
Shamberg; Evidence
in the litigation; wgs presented to
the tax court during 1943 in hear'
ings conducted both in New York
City and Washington.
The burden of the Internal Rev¬
enue
Department's argument was
to the effect that inasmuch as the
Rort Authority does not exercise
sovereign powers of the State, it
is not a political .subdivision as
defined
act
and
,
in
the
Federal
therefore
its
.revenue
bonds
can¬
bids
sealed
,
.
therefor, payable at maturity. The
legal opinion of Wood, Hoffman,
King & Dawson, New York City,
will accompany the certificates.
Other
a
until
.
/ /
bids:
Trust
Chemical
Bank
&
noon
Co.,
National
of
Bank
NORTH
4
-
general 'bonds.
Due
15, as follows: $150,000
1949,
$325,000
in
1950,
$450,000 in 1951, $525,000 in
1952, and $202,000 in 1953.
July
573,000 school bonds. Due July
15 as follows: $50,000 in 1949,
$125,000 in 1950, $150,000 in
1951, $175,000 in 1952, and
$73,000 in 1953.
Dated Jan. 15, 1944. Denomina¬
tion
$1,000. Rate of interest to be
multiples of % or one-tenth
and must be the
all
of
the
bonds.
for
same
Principal
and
interest payable at the Chase Na¬
tional Bank, New York. Registerable as to both principal and in¬
terest
but
only,;
The
for
not
to
as
bonds
will
principal
ready
be
delivery at the place in New
York, indicated by the purchaser
on
Jan. 31, 1944.
No additional
bond financing is expected within
a period of two'months from Jan.
20,
1944.
furnished
The purchaser will be
with
the
approving
legal opinion of Reed, Iloyt &
Washburn, of New York, that the
bonds
are
valid and unlimited tax
obligations of the city. A certified
check for
able
to
2%
order
of the bonds, pay¬
of the
City Comp¬
troller, is required.
Schenectady, N. Y.
Bond : Sale—The
$270,000
funding bonds offered for sale
Jan.
12—v.
-159,
p.
Clerk, Board of Trustees, will
ceive
sealed
(CWT)
bids
until
re¬
noon
Jan.
15, for the pur¬
chase of $5,000 6% fire apparatus
bonds.
Dated
Jan.
15,
1944.
Denom.
$1,000.
Due $1,000 on
March and Sept. 1, in
1945, to
March 1, 1947.
Bidders may bid
for
a
on
different rate of interest in
a
multiple of V4
M-S.
A certified
of
1%, payable
check for
$200,
payable to the Board of Trustees;
CAROLINA
Greensboro "Daily
Jan.
carried
5
re¬
on
156—were
A.
Authorized^Burtscher, Village Clerk, reports
News" of that funds are now
Refunding Bonds
The
the
following Re¬
available and
deposit
on
with
the
Cleveland
Randolph County Commis¬ Trust
Co., Cleveland, for pay¬
yesterday unanimously ap¬ ment of the
following described
proved the issuance of $50,000 in bonds and advises holders of
road and bridge refunding bonds
the
bonds
to
port:
sioners
certain
refund
to
.
1%
.
//;///;/ mus.t accompany bid.
Randolph Co. (P. O. Asheboro),
[
Broadview Heights, Ohio
:/\^/y;/ N. c. ■ Z:\-y '
r
To
Redeem
Bonds—Carl
in.
in
of
Township
'
,
$1,652,000
of
Bank
on
ing bonds;,
York,
New
Jan. 20 for the pur¬ 0.42%; First National
chase of the following $2,225,000 New York, 0.44%.
not to exceed 6% coupon refund¬
(EWT)
to issue its
the case in¬
expected
shortly in
'
Authority
ion can be obtained by the pur¬
(P.
O. Rose•
chaser4 at his own expense.
En¬
wood), Ohio
Bond Offering—Garner Calland, close a certified check for $750.
Adams
of the City of New York, to
bear, interest at the lowest rate bid
pany
0,42%, plus $11 pre¬
Bond Offering — W/ Raymond mium; National City Bank of New
Whitley, City Comptroller, will York,. 0.42%, plus $7.50; Chase
United
the
of
Tax /Court
States
'
<
interest
Rochester, N. Y,
Decision In Tax Suit Awaited—
(The
taxes-on
the Chemical Bank & Trust Com¬
outstanding
bonds, introduced at the Dec. 22
meeting of the Board.
/ The
-
consists
issuance
of
Feb.
est
a
rate
to
be
unchanged this
with the yields
week
at 1.40%,
10 high grade
and on 10 lower grade bonds also
unchanged at 1.23% and 1.57%,
on
respectively/' ////:•/'//'///.•■/.; '/':/•/ "
Practically no new Ohio issues
are in
sight for the immediate fu- /
ture, and despite the opening of
the Fourth War Loan Drive next
week,
there
have
been
ment securities.
and
bonds," Nos. 19
Ohios sold to
with
which
to
notably.
provide funds
purchase
govern¬
;'://;./...
20, together with accrued in¬
50
determined
during the past week, with little
opportunity for prices to show
any
change/ Our index of the
yield on 20 Ohio bonds remains
Road water main
.;/;/;.■/;•/,
1, 1944, and will bear inter¬
at
//;/ /; ■ >/.Y: V ;
':
; /""ly-/
Activity in the Ohio municipal
has been; quite limited
market
few
All will be dated
1958.
follows;"-
present them for
payment without delay: "Richard
terest thereon; Richard Road pav¬
$1,000 bonds to mature in annual ing bonds, Nos.
64, 65 and 66, to¬
installments on Feb. 1
of each
gether with interest up to Dec. 31:
year as follows: 25 bonds in 1957 1943.
and 25 in
Ohio (State of)
Municipal
Bond
Index
Un¬
changed—J. A. White & Co., Cin¬
cinnati, reported on Jan. 12, as
Bonds
Voted
$250,000 bonds
election held
Cincinnati, Ohio
%
OKLAHOMA
Midwest City, Okla.
Bonds Offered for Investment—
water
system
—
The
were
on
following
voted at the
Dec. 28:
$200,000
improvement and
$50,000 fire station and .equip¬
shall not exceed J, A. White & Co. of Cincinnati,
ment bonds.
'
'
payable
semi-annually on is offering for public subscription
Feb. 1 and Aug. 1, all coupon bonds, $100,000 4% coupon park bonds,
Paden, Okla.
v :
Bonds Authorized—An issue of'
registerable as to principal .only. dated 1907, to yield 1.05% net.
Due on Oct. 15, 1957.
$5,000
refunding
bonds1' was
Bonds Approved—An issue of
hereafter which
*
6%,
$50,000 road and bridge refund¬
ing bonds was recently approved
by the County Commissioners.
The
offering circular describes
this type of bonds as follows:
At present there is a total
authorized by the Board of* Trus¬
tees on Dec. 29.
/ y^ ./
\. ' r./;
.
of
OREGON
,$12,351,050 tax free bonds of Cin¬
Waderborough, N. C.
cinnati
city
and
school
district
still
outstanding, issued prior to
ling, Secretary of the North Caro¬
1913
lina
sonal
Hood
River People's Utility Dist.
(P. O. Hood River ,R. F. D. 3),
and free from the Ohio Per¬
Bond
sion,
Offering—W.
Local
E.
Government
will receive
Easter-
Commis¬
sealed bids at
his office in
Raleigh, until 11 a.m.
(EWT) on Jan. 18 for the pur¬
chase of $20,000 not to exceed 6%
interest coupon public improve¬
ment refunding bonds.
1,1944. Interest F-A.
of
Property Tax.
By the end
Ore.
Bonds Defeated—At an election
these bonds will have matured or
Jan.j 7 the voters defeated the
proposal to issue $175,000,000 rev¬
become callable.
enue
1950,
block
of
$7,813,500
(or
63%)
of
By the time this
$100,000
10-15-57, $9,944,550
matures
(or 81%)
on
of
Dated Feb. i all Cincinnati city and school dis¬
trict tax free bonds will have ma¬
on
bonds to finance purchase of
systems
ties.
the
of various private
utili¬
For report on the nature of
proposed
159, p. 157.
undertaking
~
see
v.
-
Monday, January .17, 1944
FINANCIAL CHRONICLE:
THE COMMERCIAL &
264
%
Muliomah
No.
16
Bonds
School District
(P. O. Fairview), Ore.
Voted—An
issue
of
County
construction bonds
a recent election.
$16,000
voted at
was
PENNSYLVANIA
Cass
School District
Township
Heckscherville), Pa.
(P. O.
Approved—The Penn¬
sylvania Department of Internal
Affairs has; approved an issue of
Bonds
bonds.
$25,000 4% refunding
in
plaintiffs aver that the Act
of General Assembly of June 3,
1933, P. L. 1466, is "unconstitu¬
tional
and void,"
They follow
that the city ordinance providing
for the new issue of bonds is like¬
wise unconstitutional and ask an
The
Federal and State taxes.
The
bonds
subject to
are
re¬
injunction to restrain the city of¬
proceeding with their
plans.
: ••.,
■. •/■ ,'
■
ficers from
,
ing fund on any interest payment
date on or after July 1, 1949, at
issue ordinance was
bond
The
adopted by City
Council on May
plus accrued
interest: 104 on or prior to Jan. 1,
1953, 103 thereafter and on or
prior to Jan. 1, 1957, 102 there¬
after and on er prior to Jan. 1,
the following prices,
,y;
17,1943.
Eastvale (P. O.
Jr., City Treasurer,
$10,000,000 Federal
Baird,
sold recently
%%
certifi¬
indebtedness to
of
cates
W.
Sold—Edgar
Bonds
meet a
amounting
The city pur¬
sinking fund payment
$10,787,066.
to
101 thereafter and on or
to Jan. 1, 1965, and 100
1961,
prior
thereafter...
day was awarded to Blyth & Co.,
Inc., San Francisco, as 13/4S, at a
Certain road and bridge
price of 100.67.
Dated Feb. 1,
funding and refunding bonds is¬
1944 and due serially on Feb. 1
sued under special Toad laws.
If
ten years.
,
(2)
from 1946 to 1964 inclusive.
f
,
,
fected.
■:
;/>
,
New
questioned in an Erie court
City officials waited for
Erie
decision
with
their
when
the
case.
the
before
plans
court
continuing
and recently,
declared the
act
unconstitutional, decided to carry
a
test
The
to Supreme Court.
case
names
of City Engineer L.
F. Savage and his wife are being
used to represent taxpayers and
their bill
of complaint is
members of
the
city.
The
:
Council, representing
' V;V;
.
claim
that the
should
.
against
of the plaintiffs is
improvement certificates
tional
(be paid
.who
off
by property
benefited
sewer
by the
improvements
.
Bank
of
Commerce;
.'Seat-/1
tle,.R. W; Pressprich & Co., Estabrook
of $20,000,000 Reve¬
Issue—A new issue of $20,-
Portion
nue
and
investors
as
the
to
various
types of Texas County bonds af¬
fected by the decision of the State
The
$20,000,000 issue,, due semi¬
annually from Jan. 1, 1945, to
Jan. 1, 1969, inclusive, was under¬
written by B.
J. Ingen & Co..
Kneeland
Kindred
&
&
Co.,
and
Barcus.
Co., who privately
counsel, and includes the follow¬
ing statement regarding the scope
of the decision with respect to
Texas
County bonds:
this
in
Puerto
offering; about $8,000,000
Rico and the balance
in the United
The
of the present fi¬
purpose
nancing is the funding or retire¬
ment of outstanding obligations
amounting to
a
total of approxi-*
mately $7,290,000, for the acquisi¬
tion of the Porto Rico Railway,
Light & Power Co., and to pro¬
vide
funds.
construction
On
and
reserve
completion of this fi¬
such
(herein-,
after referred to as-"Chapter 2")
follows:;
(1) Courthouse and jail;
(2)
Buildings for homes
schools
for
dependent
linquent children;
(3) County poor
reference
and
or
H.
|
Lehman
Bros.,
;
[
in11
& |
York,
New
Lazard
with
account
Freres
Co., Goldman, Sachs & Co., Stone
&
Webster
and
Blodget,
Inc.,
i
j
j
j'
F. S. Moseley &
Co., and Mercantile-Commerce Bank & Trust Co.,
and others, offered to
100.64
for
l3/4s.
Halsey,
Stuart & Co., Inc^, headed a syndicate making an offer of 100.568
[
for l34s...
j
St.
Louis,
pay
In the
;•■'
■
i
[
|
^
of the $50,000 sewer
case
|
|
issue, the following were some of
the other bids: John Nuveen &
to
to
&
Ferris
County case.
: /
Iowa
■
j
refuse
to
I
special
21/4%
and
sewer
Smith,
H. P.
City
1
bonds has been sold
Pratt & Co., of Seattle.
disposal
Park, Texas
Call—Dosia
Bond
.
■
Bonds Sold—An issue of $65,000
<•/:>,/.;
.
Wash.
Sunnyside,
Cochran
the
of
burdens
the
!
Hardgrove, in joint ac-
count, 100.47 for 2s.
other
to
make these bonds subject
might
Treasurer, reports that refunding
bonds, Series 1935, Nos, 1 to 256
in
of
amount
the
$131,000
are
for
called
payment on Feb. 15,
Dated Aug. 15, 1935.
Due
1944.
Kenogami, Que.
Bonds Sold—It-is
Aug. 15, 1965, redeemable on any
interest paying date prior to ma¬
turity at par value plus accrued
interest,
'v.---;.'
:;;■
Burt
at
works
bonds
Syndicate Offers Bonds—A syn* I
dicate headed by Wood, Gundy & |
minion Securities
the Leonard
Legality ; ap¬
D. McCall, of
John
.;;•••••
,; •;,;
-
,.
..
Seattle,
Bond
posed
of
Sale—A
Blyth
of
San
whole but not in
Jan.
after
•
15, 1954, on
Principal
and
notice.
60 days' \
!
interest
payable in Quebec, Mon¬
treal, Toronto, Winnipeg or Van-,
Wash.
Co.,
a
;
]
)
Due Jan. 15, 1956. Callable 5
part, oh or 1
$100.
as
;
(J-J)
A
couver.
syndicate
&
Toronto, is j
offering $9,680,000 3% refunding
bonds, at 99.25, to yield approximately 3.07%. Dated Jan. 15, 1944.
Denominations
$1,000, $500 and
at
Bank.
& Co., the Do- ;
Corp., and W. C. |
Pitfield & Co., all of
1949, $1,000 in 1950 to 1956, $1,500
in 1957 and 1958, and $2,000 in
1959
to
1961.
Principal
and
payable
E, Ames
Co., A.
April 1, as follows: $500 in 1947 to
by
(Province of)
Quebec
C. N.
Co., of Dallas as 3l/2S, at
par—reported in v. 159, p. 56-are
dated Nov. 15, 1943, in the
denomination of $500, and mature
interest
price of 98.85, a basis of about: I
Due in 1944 to 1958.
$17,500
sold to
&
National
a
3.67%;
Sale Details—The
Bond
water
reported that J
$80,000 semi-annual school bonds |
were purchased recently by J. F.
j
Simard & Co. of Toronto, as 3
j
Texas
Leonard,
Association
de¬
E.
Ehrlichman & Co.
com¬
Bank of
Savings
Francisco,
Phelps, Fenn & Co., of New York,
Seattle-First
National
Bank, of
Seattle, A. C. Allyn & Co., of Chi¬
cago, Hawley, Shepard & Co., of
Cleveland, Peoples National Bank
of Seattle, Piper, Jaffray & Hopmaintain wood, of Minneapolis, First Na¬
tional Bank of Everett, Charles
houses
farms;
(4) Bridges;
(5) To improve
and
Inc.,
was
r
America National Trust &
for purposes as
Co.,
>
Co., Inc., Stranahan, Harris & Co.,
Inc., Ballman &c Main, McDonaldCoolidge & Co. and Drumheller,
WASHINGTON
of 4925
group
a
&
l%s
;
Sons, B. J. Van Ingen &
AH bonds issued under the pro¬
Statutes
by
!
{
|
which in- t
100.67 for
Blair
Rollins &
its opinion
statutes
of
effect
the
restrict
visions of Chapter 2, Title 22, Re¬
vised
States.
Weeks.
County bonds not in
Affected
placed the $9,800,000 not included
in
general laws relative
"the
Dallas.
Classes of Bonds Positively
and
j
conflict with Co., and associates, 100.34 for
the provisions of this Act."
So, if l%s; National Bank of Commerce [.
the Supreme Court
should feel of Seattle, 101.40 for 2s; Drum- j
that it should extend rather than heller,
Ehrlichman & Co. and j
to
proved
.
submitted
eluded
f
Co.j Foster & Marshall,;
An offer of
references
there are some general
&
Hornblower
and
and
nancing the Authority will have
public roads;
a total outstanding debt of $20,N. Tripp Co., and Atkinson-Jones
(Purpose 4 and 5 do not include
000,000 and will have an inte¬
&
Co., both of Portland was
and against whose properties as¬ grated power system under uni¬ unlimited tax county and road dis¬
awarded the $2,795,000 refunding
sessments for the improvements fied
control doing a substantial trict bonds issued under Article
bonds offered Jan. 12—v. 159, p.
bad been made. They declare that
majority of
the total
electric 3, Section 52 of the Constitution).
56—paying a price of 100.76 for
the
certificates
of
indebtedness
power business of the island. The
Classes of Bonds Probably
XVzs, a basis of about 1.406%. The
are not valid and binding obliga¬
electric power business constitutes
Affected
bonds are dated March 1, 1944,
tions and debts of the city as a about
95% of the gross revenues
(1) Under Article 725 in Chap¬ and mature March 1, as follows:
whole, saying in their bill of com¬ of the Authority, the balance be¬
ter 2, bonds issued "Tor any pur¬ $181,000 in 1946, $184,000 in 1947,
plaint that:
ing derived from varied services.
$186,000 in 1948, $189,000 in 1949,
"The ordinances authorizing the It is
expected that eventually the pose authorized in the Chapter
$192,000 in 1950, $195,000 in 1951,
issue of said certificates provided
Authority will derive all its rev¬ may be refunded. The AttorneyGeneral has held recently that $198,000 in 1952, $201,000 in 1953,
that their payment should be se¬ enues from the
development and
such refunding bonds shall be $204,000 in 1954, $207,000 in 1955,
cured solely by assessments for sale of electric
power.
such
street
improvements
and
Under the provisions of the Acts redeemable at any time after five $210,000 in 1956, $213,000 in 1957,
$216,000 in 1958, and $219,000 in
sewers, and that they should not
of Congress
now
in force, the years unless the order authorizing
1953.
'
be obligations of said city. .
bonds and income therefrom are, the bonds provides for the right
owners
street';, and
Others I
included' the Na- i I
account
the
in
porary
000.000 of Puerto Rico Water Re¬
ing the legality of a proposed city sources Authority electric reve¬
Supreme Court in the Cochran
issue of $400,000 bonds to provide
nue
bonds bearing a 2l/>% rate
for
the
funding of. an
equal was'offered Jan. 13 by a group County bond redemption case, in
which
the
court held that the
amount of 6% certificates. "
:
headed by The First Boston Corp.
county could redeem certain of
;
The litigation is in the nature and B, J. Van Ingen & Co. and
its outstanding bonds in advance
of a test suit of the aforemenincluding Blair & Co., Inc.; Lazard
of stated maturity dates, despite
tioned State statute and regard¬ Freres & Co.; Barcus, Kindred &
the fact that no option was con¬
less of the decision handed down
Co.; Kneeland & Co.; A. C. Allyn
tained in the obligations at the
by Common Pleas Court, the mat¬ & Co., Inc.; Graham, Parsons &
time of issue.
Numerous articles
ter will ultimately be carried to
Co.; Lee Higginson Corp./ E. H.
regarding the decision have ap¬
the Pennsylvania Supreme Court. Rollins
&
Sons,
Inc.;
Merrill
peared in these columns, and at¬
The latter tribunal is expected to
Lynch, Pierce Fenner & Beane;
tention is directed in particular
receive the appeal sometime in The Ranson-Davidson Co., Inc.;
to the report given in our issue
March, it was stated by McKees¬ Eldredge & Co., Inc.; The Mil¬
of Dec,
6, 1943, on page 2307.
port
City
Solicitor
Harry/. M. waukee Co.; Hawley, Shepard &
However, it is understood that be¬
Jones.
1 ■
Co.; McDonald-Coolidge & Co.;
cause of the misapprehension that
The case is considered of inter¬
Field, Richards & Co.; The First
prevails in various quarters re¬
est to a number of other Pennsyl¬
Cleveland Corp.; Whiting, Weeks
vania
cities and, in
connection & Stubbs, Inc.; Newton, Abbe & garding the scope of the court's
decision, the market for Texas
with the current proceedings, the
Co.; Ballou, Adams & Co., Inc.;
McKeesport "News" of Dec. 29 J. M. Dain & Co.; Indianapolis municipal securities generally has
been adversely affected.
In this
commented as follows:
Bond & Share Corp. and Channer
regard, the Texas Bankers Asso¬
Early this year City Council de¬ Securities Co.
////./
•
ciation
has
distributed to
all
cided to issue bonds and pay off
The offering to the public, com¬
banks in that State an analysis of
$400,000 worth of indebtedness
prising $10,200,000 is that part of the ruling and its probable effect
certificates^ on which the city has the issue which is du» semi-an¬
on various classes of bonds.
This
been
paying
6%
interest.
A
nually from Jan: 1, 1950, to Jan;
pamphlet,
according to report,
Philadelphia bond firm offered to
1, 1969. Prices range from a 1.80% was made by a special committee
sell the new bonds or buy them in
basis to 100, according to matur¬
of the Texas group of the Invest¬
itself at an interest rate not to
Bankers' Association
of
exceed 2rk%. ■■".//
-vC'Va'.:. ity. The bonds are dated Jan. 1, ment
1944.
.///
America
in
consultation
with
But before any bonds were sold,
making improvement certifi¬
cates obligations of the city was
|
1
chased the certificates
000
act
a
which bid 101.56 for l%s.
;w Affected
■.
proceedings
were
delayed
when constitutionality of the state
Corp.,
syndicate
Securities
.*
headed,
York,
•
,
the
Union
The
'
:/
Possibly /' *
of Bonds
Classes
(1) Hospital bonds.
Chapter 2
as a tem¬ VTEXAS
does not provide for the issuance
investment during the last Chambers County (P. O. Anahuac), of hospital bonds and the law au¬
War
Bond
Campaign,
During
thorizing such bonds does not re¬
^
..
Texas ■
payable at the First •National the time the city held them, the
fer to Chapter 2, but if the bond
Bond Sale—The $100,000 semi¬
Bank, Beaver Falls.
certificates
earned $34,258; in¬
proceedings should incorporate by
annual Road District No. 2
re¬
terest.':;.,. "i;
/v'/v..; ;:;;a
Huntingdon School District, Pa.
reference the provisions of Chap¬
funding bonds offered for sale on
Bonds
Sold—S.
R.
Shingler,
ter 2 possibly such bonds would
;
Sharon, Pa.
Jan.
10—v.
159,
p.
158—were
District Secretary, reports that the
be affected by the decision,
Refunding
Issue Approved awarded to the J. R. Phillips In¬
$26,000 3% funding bonds have
Funding
and
refunding
Tentatively—The City Council re¬ vestment Co. of Houston, as 1%§, ;. (2)
been sold to A. Webster Dough¬
bonds issued under the Bond and
cently gave tentative approval of paying a price of 100.37, a basis of
erty & Co., of Philadelphia, for
Warrant Law of 1931
(Vernon's
about
1.10%.
Dated
Feb.
15,
a $90,000 refunding bond issue to
a price of 108.105.
Section 7 of the
Due $25,000 on Feb. 15 in Article 2368a).
be used to pay off a greater por¬ 1944.
/-■■'//,/;... Act makes reference to other laws
Pennsylvania (State of) .
tion of an estimated $111,284 in 1945 to 1948 inclusive.
Second best bid was an offer of which the Supreme Court might
Funding Act Attacked
In Mc- bonds,> interest and State taxes.
for
l%s,
tendered
by interpret as an incorporation by
Keesport Case*—Constitutionality Final approval will be voted at a 100.25
reference of the obnoxious Article
Rauscher, Pierce & Co., Dallas.
of the Act of the Pennsylvania meeting on Jan. 17./;' V
720 contained in Chapter 2.
General Assembly of June 3, 1933,
Cochran County (P. O. Morton),
puerto;: rico
4 (3) Unlimited-tax county and
P. L. 1466, empowering local tax¬
Texas
////
road district bonds issued pursu¬
ing units to fund into general ob¬ Puerto Rico Water Resources AuClasses of Bonds Affected by
ant to Article 3, Section 52 of the
ligation indebtedness their out¬
V
thority (P. O. San Juan),
Supreme Court Decision — It apr
Constitution, and Chapter 3 of
Puerto Rico
'
standing street and sewer impvt.
pears that considerable uncertain¬ Title 22 of the Revised Statutes.
...certificates issued prior to 1933, is
Banking Group Offers $10,200,ty prevails among bond houses In the law authorizing these bonds
under attack in a. suit recently
brought by several taxpayers of
the City of McKeesport, question¬
1
I
,
special law prescribes the
Other Bids for $2,795,000 Issue
complete procedure for funding
—Among the unsuccessful bids forI
or refunding the indebtedness and
the
$2,795,000
refunding
loan j|
does not incorporate by reference
were the following: John-Nuveen
I
the provisions of Chapter 2, the
& Co., Lee Higginson Corp., Paul
I
funding or refunding bonds would
H. Davis & Co., A. G. Becker &
§
probably not be affected, but if
the bond order adopts by refer¬ Co., C. F. Childs & Co., and Prov- §
ident Savings Bank & Trust Co., §
ence
the provisions of Chapter 2
and others,' bid 100.34 for D/fcs.
!
probably the bonds would be af¬
the
/:;*
;
$50,000*
bond issue offered the same
sewer
execeding
designated date not
Sale—The
Additional
redemption at any time after
of
a
demption prior to their respective
maturities, upon not less than 30
days'
prior
'published
notice,
either in whole on any date on or.
after July 1, 1947, or in part, by
lot, in inverse order of their ma¬
turities from moneys in the sink-*
Philadelphia, Pa.
R.F.D. No. 1, Dar¬
lington Road, Beaver Falls), Pa.
Bond Sale Details—The $3,500
street improvement bonds sold to
the First National Bank of Beaver
Falls—reported in v. 159, p. 56:—
pre dated Jan. 1, 1944.
Denomina¬
tions $590.
Due $500 Jan. 1, 1945
to
1951.
Principal and interest
of counsel exempt
the opinion
from
sinking
fund
of
an
to at least 1% of
the face value of the bonds of this
amount
equal
be provided annually.
approved by Montgom¬
ery, McMichael, Common, How¬
ard, Forsyth & Ker, of Montreal.
Bonds were issued by the Pro¬
vince for the purpose of renew¬
ing a loan effected by the Pro¬
vince by the issue of Treasury
will
issue
Legality
Bills in
795,000
which
•
principal.amount of $6,maturing Jan. 17, 1944,
a
loan
was
effected for
the
of tethporarily renewing
temporary^ loans heretofore effect¬
ed by the Province to meet a loan
in a principal amount of $5,000,-
purpose
000
maturing Nov.
accumulated
1,
Sinking
1943, less
Fund
of
$175,000, and a loan in a principal
amount
of
$1,970,000 maturing
Nov. 15, 1943, and for the purpose
of discharging obligations of The
Corporation of Lake St. Louis
Bridge in, a principal amount of
$2,885,000 under the authority of
the Act 6 George VI, Chapter 44,
Section 13.
.
"
@FedFRASER