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BUS. ADM.
MO N D A Y
LIBRARY
JAN 1 9 1948
Reg. 17. S. Pat. Office
Volume 167
Number 4665
New
General
RAILROAD
ACF-Brill Motors Co.
9 Months Ended
Net
Net
profit
1947
1946
—J
•Loss.
net
profit
common
for
the
income tax
shares.—V.
1947. period
and
/
Other
provision of $149,000
equal to 28 cents per share on 962,434
was
167, p. 41.
credits
■
;
Adam Hat Stores, Inc.—December
Period End. Dec. 31—
—V.
165,
3161.
p.
'
$1,510,752
.571,582
$1,048,467
555,316
$1,569,818
261,757
$2,259,790
$1,603,783
$1,686,180
780,000
taxes
..
'
...
!.-r
•
'
value $20,
McQuay, Inc.—V.
of
167,
149.
p.
Excess
of
cost
573,000
$1,030,783
6,836,702
7,041,519
$906,180
-7,148,928
from
*
$8,072,302
$8,055,108
$8,063,690
Net
from
Net
ry.
1947
1946
1945
$1,220,509
$1,334,249
$1,761,630
468,636
210,402
386,994
565,606
railway
income.
oper.
1944
over
213,315
95,526
105,357
Net
from
Net
ry.
railway
railway
—V.
18,395,411
20,354,624
3,357,855
13,138,043
1,744,09.9
512,419
1,486,822
__
income
oper.
166,
__
•
6,364,780
Power
Gross
revenue
Operating
Prov.
$3,360,463
depreciation.:-
Amortiz.
7,932,307
A
of
1947—12 Mos.—1946
48.766
48,766
3,635,805
Co.
Fed.
income
Gross
Int.
taxes
income
Amortiz,
of
and
prem.
in
585,193
585,193
3,096.582
3,972,317
4,242,997
In
peak
the
company
daily
demand,
be
Net
by
Gas
"no
$9,709,390
2,888,884
5,004
5,004
60,052
68,209
American
Crd 92
20,660
58,624
will
Under
i
$403,781
$583,738
$6,618,879
$6,693,672
105,000
105,000
1,260,000
1,728,158
pfd. stock
of
terms
of
Light
retire
■
-
V.
;
_—;
$298,781
$478,738
166, p. 2403.
)
.
I*'
\
•'
.
Allied Stores Cofp. (&
Period End. Oct. 31—
net
Profit bef. Fed.
taxes
Prov.
for
Fed.
income
net
the
and
$23.15
$28.21
$64.31
John
the
P.
2.58
for
5.66
been
Central
Federal
Shoe
Jr.,
taxes.
of
of
director
of
a
Industrial
Hanover
Co.—New
President
elected
American
Bank
of
J.
&
income
on
Stevens
P.
Mills
Trust
RR.
&
Brake
Co.,
Inc.,
167, p.
Co.—V.
below.- -V.
for
the
12
Jan.
on
meeting
to
authorized
shares
of
of
share
since
Inc.,
Co.
He
trustee
a
166, p. 945.
14
authorized
held
be
Feb.
6,
for
1948
of
to
a
by
class
stockholders,'
stock
B
purchased,
from
the
its
one-quarter
corporation
stockholders
share of
the
proposal
at
that
will
invite
will
a
Railways'
stock
through
remainder
to
proposal is
will
The
and
held
G.
1948
portfolio.
entitled
to
recommended
was
Butcher,
of
in
Stockholders
be
the
approved by stockholders,
under present plans,
order
to
7,
in
expire,
proposal
Robert
suant
Jan.
the
the
of
trustees
Federal
vote
of
at
the
at
will be
for
Central
the
for
issued
at 3 p. m.
the board
District
proceedings
record
to
Invitations
Nov.
of
in
7,
1948
1948.
Richmond, Va., issued
business
special meeting.—V.
3,
Carl J. Austrian
Electric Corp, pur¬
reorganization
close
Feb.
March
the
166,
of
Central
Jan.
p.
20,
States.
1948
will
* '*
evidenced
Co.
dated
term
loan
r*
in
Nov.
the
6,
1946,
maximum
Guaranty
revolving credit and
$25,000,000.
There
were
outstanding on Jan. 8.
The
providing
amount
$25,000,000
of
of
as
of revolving credit notes
be used for general corporate
facilities.—V. 166,*p. 1989.
will
for
a
of
purposes,
including
expan¬
69,714,589
56,181,996
4,472,318
18,895,889
13,066,883
11,280,989
2,852,045
13,855,469
11,613,456
10,487,361
41,289,179
46,949,905
50,357
to
public
Dr5,781
188,340
18,647
10,193,794
41,477,519
46,968,552
3,085,267
2,698,652
11,528,801
12,078,690
573,738
401,630
1,829.347
278,518
242,982
764,912
1,612,469
427,450
6,350.530
27.354,459
32,849,943
1,237,176
1,334,891
4,995,291
5,573,463
5,502,396
5,515,639
22,359,168
27,276,480
136,592
131,340
and
to
"
.
surplus
res.
;
Balance
.
___!
Portion applic. to minor¬
ity
interests
equity of company
34,063
4,
in
of
income
of
subs.
5,468,328
5,482,877
22,222,576
5,468,328
5,482,877
22,222,576
134
34,800
130,406
5,468,462
Net equity (as
Other income
1,100,000
above)
5,517,677
22,352,982
;
other
91,507
442,816
669~890
294,520
5,221,513
5,271,637
21,240,276
26,241,691
Curb
Stock
New
York
35
36
which
owns
..—33
a
$17
stockholders
brought
in
'
and
Inc.;
H
».
'•
X
■■
'v'*
163,
record
in
Dec.
1947
of
the
board
of
Sample,
Lawrence
T.
Co.,
American
John
company.
Miscellaneous Features
Redemption Calls and Sinking Fund Notices. .44
The Course of Bank Clearings..
43
Chapman, President, and Clarence
Vice-Presidents
Reinicker,
of
American
Vice-President,
and
Water
John
H.
Dickey
Works
J.
Declared
Combined
and
Payable:....
Lang'ley,
of
Westchester
Surfaceways, Inc.; Van Horn Ely, of the Philadelphia Suburban Water
Co.; W. James Macintosh, of Morgan, Lewis &
Bockius, and Oliver B.
Merrill, Jr., of Sullivan & Cromwell.
Earle
S.
Thompson,
President
of
5 ",
The
,
West
Penn
Electric
Parker
of
New
York, have resigned
as
directors.—V.
Condition
166,
St. Louis Listed and Unlisted Securities
Reserve Banks
Condition
Statement of Member
Federal Reserve System
Edward D. Jones
41
Statement of Federal
•,
41
Banks of
.—.^4
..
.V
Established
.
300 North 4th
1871
Co.
&
■"
St., St. Louis 2, Missouri
Members'
New York Stock
Exchange
Exchange
Chicago Bd. of Trade
Exchange Associate
St. Louis Stock
Chicago Stock Exch.
New York Curb
\
.
Co.;
Co.,
National City
p. 1885.
...44
Rates
Co.,
Barr, Vice-
...
Foreign Exchange
H.
Northeastern Water Co., has been elected
Chair¬
the American
company.
The other members of
Gilbert W.
are:
Lorenzo
of
President and Treasurer of Northeastern Water
Co.; W. C.
C. Langley & Co.;
Foye F. Staniford, President of
Bank
General Corporation & Investment News.Cover
State and City Bond Offerings......-.^.
:50
a
$20
13 announced changes in its board of
directors
on the board for
Northeastern Water
McComas, Executive Vice-President of Philip Morris
&
Ltd.. Inc., and Delmont K.
Pfeffer, Vice-President of The
■
17
to
306.
p.
W.
O.
'
of
payments
1946.—V.
controlling interest in the
Ware, Jr., President
the board
Exchange.—24
to
which
company
This company on Jan.
man
24
paid
providing for representation
38
—42
with
This
37
.41
compared
as
'
'
.r
...
American Water Works Co., Inc.—Ware
Heads Board
;
..36
...____36
company on Dec. 29
of $14 per
share,
ing, the
__.___34
—38
Curb
tal.
..34
.C...-35
Stock and Bond Averages
149.
working capi¬
brings to $15,000,000 the total notes outstand¬
having sold $7,500,000 2%% notes in
August, 1947 (See V. 166, p. 562),—V. 166, p. 2554.
.___________34
Markets
wucuici
167, p.
American Stores Co.—Additional
Notes Placed Pri¬
vately—The company on Dec. 1, through Lehman Broth¬
ers, sold to the Metropolitan Life Insurance Co.
$7,500,000
3% notes due; Aug. 1, 1967. Proceeds will be
used to
provide additional facilities and increased
33
Exchange
requirei........
unearned.—V.
share,
per
-33
Exchange——
Exchange
surplus
541,848
259,176
American Steamship
Co.—Pays $14 Dividend—
24
Exchange....
191,795
27,336,935
154~533
dividend
.13
;
27,145,140
'
79,485
deduct..
dividend
or
The
Page
......
27,145,140
167~464
:v
&
earned
....
V
'
--
dividends
Quotations
j.
32,762
..
AMERICAN POWER &
LIGHT CO.—
'
Exchange
Stock
Stock
Dividends
1989.
Trust
money
sale
Exchange—........i.
Francisco
Transactions
for
12,
1947, company borrowed an additional
$10,000,000,1
by 1(4%
notes, under its
agreement
with
the
sion
public
Transactions New York Stock Exchange
com¬
if
14,797,929
\
10,677,095
adjustments
•Full
Exchange
Over-the-Counter
B
by
States
Court
tender,
about
on
American Cyanamid Co.—Loan—
On
divestment
shareholders
Blue
Corp.
138,755,720
2,631,492
authorizing
Toronto Stock Exchange—Curb Section..
tenders
Co.
$
154,579.996
10,199,575
(net)
income
Transfer
end of 1948, American Light
preferred stock at $33 a share.
immediate disposal of 1,418,125 shares
Exchange.
Stock
Montreal
the
receive,
American
$
2,861,293
approps..
income
tion
the
\
Stock
Stock
Angeles
Toronto
stockholders
who
North
18.436,403
other deductions,
net
Amort, of plant acquisi¬
33
San
stock at market value, plus cash up to the asset value of
American
Cities, based on the asset value of shares of common stock of
and
issued
Philadelphia Stock Exchange
Pittsburgh Stock Exchange....
St. Louis Stock Exchange
149.
*
submission
'
1947—12 Mos.—1946
■;;
34.953,359
4,111,807
3,511,183
res.
Interest
Light
29
Los
is
of
mon
Ridge
Gas
•
6,739,572
Detroit
subsidiaries,
Stock
Detroit Stock
Co.,
Shoe
and
corporation purchase for retirement up to 400,000 shares of its class
stock, Harry A. Arthur, President, announced.
each
calls
by
been
-
Cleveland
Up to 400,000 Shares of Its Class B Stock—
If
have
Exchange
Boston Stock Exchange.
Chicago Stock Exchange
American Cities Power & Light
Corp.—Plans to Retire
directors
v.
Total
Montreal
The
the
in
gas
Light's
Milwaukee
New York Curb Exchange
Director—
American
Cotton
expenses
taxes
Gross
during
Baltimore
Buslines, Inc.- -Proposed Expansion-
See Missouri Pacific
special
and
Other
in
feet
Exchange (Stocks)
New York Stock Exchange
(Bonds)
8.02
estimated
Brake
director
a
of
American
completion
cubic
New York Stock
'-vv*'V:;,v.v
■
Stevens,
has
also
distribution
Cincinnati
American
1942,
for
<
$88.47
2.08
stock..
been
10,626,738
non-callable
Stock and Bond
17,340,922
share
pfd.
has
'i
ACCOUNT
$
39.547,424
Net
14,900,000
12,464,235
-
Light Co.—Weekly Input—
.1947—3 Mos.—1946
taxes
/, pletion
In This Issue
Oct. 31, 1947 is after deducting
$1,385,000 refundable on
carry-back provisions of the Internal Revenue Code.—V.
167,
of
supply
ol
plan,-which
•'*.
t
.
5,528,888
stock
provision
149.
the
line—set
630,000,000
Detroit,
which
subsidiaries
its outstanding,
and
32,240,922
4,485,798
-
8,
-
revenues
Balance
*7,625,000
Department^
/
Property retire, and de-
i
$
20,089,235
Ordnance
to
Expenses
months ended
basis
p.
Other
Inter.
3,500,000
2,920,000
&
Jan.
Income taxes
9,028,888
V
on
profit
per
cum.
Common
*The
taxes
test.)
Consol.
4%
in
the
lieu of cash.
90,589,392 379,460,429 338,496',027
7,405,798
<
Earnings
Federal
•
'•
$
the
SUBSIDIARIES—
on
income
ended
amounted
End. Oct. 31—
Operating
Operating
1947—12 Mos.—1946
$
92,534,776
of
156, p. 2004. • \
$
$4,965,514
VyV"<;:". TvK V:.?;
1947—3 Mos.—1946
sales
Power
the week
company
v
.'.v-V* >V;
,
CONSOLIDATED INCOME
Subs.)—Earnings—
$
Total
$5,358,879
division
arms
Vice-President.—V.
$7,111,390
*
Balance
common
1948 the System inputs of subsidiaries of
233,035,000 kwh.p an increase of 27,565,000
kwh., or 13.42%, over the corresponding week last year
:
'
this
■
company also will begin
Detroit Edison Co. common
shares
in
'
$7,110,108
of
two
Co.
Commission
certificates"
construction of the line.
2,954,839
disct.,
income
on
$7,002,851
For
945,225
said
tripling
operated
The
Divs.
945,000
maximum
Power
$9,654,430
243,862
expense-
-V' 7,075
945,000
considering objections to the pipe line, the SEC declared it had
authority to pass upon or question the validity of the Federal
$831,614
Other deductions
^
declared, during SEC hearings on the case, that the in¬
earnings of American Light as a result of the pipe line will
bring rate reductions beginning in 1352 of
$11,000,000 annually to
Michigan Consolidated's customers and $4,600,000
annually to Mil¬
waukee Gas Light's consumers.
Cr2,659
debt
common
its
its
;V-, American
:
124,451
912,375
$7,117,974
a
Consolidated
Milwaukee.
269,837
debt.
for
would
$675,964
long-term
on
small
a
Period
deliver
of
It
3,299,870
594,061j
j
the
elected
Officials
"
515,261
the
of
creased
3,459,700
plant acqui-
taxes
in
holders
its
and
and
a
spokesman
area.
289,165
sition adjustments
General
Sept. 30
Michigan
301,550
of
line, to be constructed by Michigan-Wisconsin
Pipe
subsidiary of American Light, will originate in the Hugoton
field in Texas and extend 1,500 miles into
Michigan and Wisconsin.
gas
$2,964,002 $38,288,844 $33,035,245
1,200,396
17,141,229
11,941,382
1,818,921
expenses
for
its
,
,
Co.—Earnings—
1947—Month—1946
to
will
company
Light
24-inch
periods
Alabama
'^
282,143
'
—
surpl.
1950—will
Period End. Nov. 30—
-V'-;
165, p. 3274.
The
1,735,226
„
Earned
Line Co.,
2305.
p.
Co.
American Maize-Products Co.—New Vice-President—
James B. Melick, who had served
during the war as civilian chief
Wisconsin.
125,712
15,091,884
1,597,796
from
Its' investment
distribute
Electric
par
"The SEC on Dec. 30 approved a
joint plan of the United Light &
Railways Co. and American Light & Traction Co.,
assuring construction
of
a
$104,000,000 pipe line to feed natural gas into Michigan and
Fi«om Jan. 1—
Gross
900,000
American Light & Traction Co.—SEC Clears
Way for
Natural Gas Pipeline From Texas to
Michigan and Wis.
1
'
:
—V.
$1,521,659
railway
will
&
continue as a holding company over Michigan
subsidiary, Austin Field Pipe Line Co., Milwaukee
subsidiary, Milwaukee Solvay Coke Co., and Mich¬
igan-Wisconsin Pipe Line.—V. 167, p. 149.
.
$931,575
7,132,115
Jan. 1__
during period
Dividends paid
Alabama Great Southern RR.—Earnings—:
November—
Gross
also
Gas
Consolidated
Gas
784,000
___—
v
dealings since Dec, 24, 1947, the $1 par common
stock of
this corporation was removed from listing at the
opening
of business on the New York Curb
Exchange on Jan. 12. .The company
has been
merged with and into McQuay, Inc. and each share- of
Aeronautical common stock is exchangebale for one-sixth of a share
of common stock, par value
$1, and one-sixth of a share of 5% pre¬
par
The
$1,831,575
$8,312,492
Earned surplus,
purchd.
Off List—
Light
Madison
of
stock.
$1,475,790
profit
Total
from
stock,
175,428
1947—12 Mos—1946
$2,707,029 $17,466,062 $18,591,789
Aeronautical Products, Inc.—Stock
ferred
-
.
MISCELLANEOUS
•
American
stock
.1
1944
value of co.'s cap. stk.
Suspended
(& Subs.)—Earns.
1946
1945
•
$1,688,208
—__
Prov. for Fed. inc.
V
Sales Up 6.4%—
1947—Month—1946
$2,880,353
Copy
a
.
Net
Sales
1947
___
{; Total profit
after
was
9 Mos. End. Sept. 30—
Oper. profit aft. deprec.
INSURANCE
-
■
..
The
for Federal
INDUSTRIAL
-
American-Hawaiian Steamship Co.
1945
,
$31,843,677 $16,108,925 $16,742,728
270,606* *1,593,374
378,974
*
..
Price 75 Gents
Corporation and Investment News
PUBLIC UTILITY
-
(& Subs.)—Earnings—
Sept. 30—
sales
York, N. Y., Monday, January 19, 1948
Phone
CEntral
Bell
7600
Teletype
SL
593
2
record
established
was
sale
with the
oper,
Net
oper.
Stock Exchange Jan. 15
convertible 2%s of 1957. Ac¬
the New York
on
$9,179,000 of company's
af
on
of
bond men, it
to
bonds
The
offering
The
tne
$357,532,600
of
Applic. to minority
unsubscribed portion of the company s
debentures due on Dec. 15, 1957.
1087/s and the low was 108V2.
interests
2%%
System added
bringing
Bell
Gifford, President, states:
930,000 telephones in the last three
Today, over
as
as
many
calls
more
over
*Month
2,800,000.
28,500,000 Bell telephones are in service—more than twice
a dozen years ago—and the System is handling 12,000,000
1947,
of
a
day
than a
fcr
year
gain
total
the
for
the year to
net
Initial
Public Dividend
Is
in
and the District' of Columbia,
The earnings
reflect the full amount of these increases already
states
28
As
SEC
the
and
the
Stock Plan which has been authorized
Instalment payments for the shares began by
Employees'
holders.
tion
in
December.
..
.
:
by the stock¬
payroll deduc¬
board of
its
*1947—3 Mos.—1946
Period End. Dec. 31—
$
Operating
Operating
Other operating
Net
oper.
2,265,000
income...
36,290,000
income
Total
(net)_.
Br40,000
48,835,000
deductions..
9,910,000
Interest
tNet
3,810,000
income——.
Other income
Dividends
tEarnings
48,260,000
$1.81
,
per
share—
CO.
g
'
'
since
i
the
holding
had
company
1937.
In
58,752,092 192,145,000 211,504,246
5,489,268
35,940,000
19,572,136
53,262,824 156,205,000 191,932,110
46,239,349 189,310,000 183,462,749
$2.59
$7.43
$9.42
commenting
President
on
paid
the
properties
gas
in
In
the
the
1937,
West
Penn
Divs. Taxable—
Mining Co.—1947
Copper
the
entirely
1946
in
following distributions
during the year
1947 were paid
earnings and therefore are fully taxable: 50 cents on
75 cents each on June 25 and Sept. 26; and Dec. 23, $1.
from
28;
total
This
$3
of
share, for 1947
p. 1146.
per
$2.50
each paid
'
Chicaso-Lpxjvate Financing—
Co.,
Smelting
Apex
with
■"
-compares
1945.—V.' 166,
and
Acquisition—The company through F. A. Moseley & Co.
has placed privately $600,000 3% serial debentures, due
.
V/v;;///;' ■", ■/'
1948-1955.
.; v" '.v'■
5%
has: also placed privately $250,000
convertible preferred stock (par $100).
The
-
company
During December, company offered 11,111 shares of
stock (par $10) to its stockholders in propor¬
each at $27 a share.
common
tion to the number of shares held by
offering was not underwritten and all stock was
'■:. •"/ - • /'■/•','; /•.''■••/ '"=//•''?
This
subscribed.
'
The
proceeds
chase
financed
securities
real estate,
the
of
the pur¬
in part
equipment and certain
Cleveland, effective Jan.
plant,
Smelting, Co.,
National
properties are now being operated as the Cleveland plant of
These
2.
the
of
foregoing
the
of
November
last
Inventories
166, p. 2410.
Apex.—V.
;
;'.'/* /
•
-'-'v'
-V.-'/,
; /.
'. '/
./
stockholders
The
•/• ■'•/,//.
dividend
action
1
:.H-/;/'
YEARS
FOR
three-ior-one
a
ENDED
OCT.
"
-
.7
Net
earnings
Earnings per
v
said:.
approved
13
Jan.
RESULTS
—V.
.
has now been liquidated.
Its assets, except for the common stock being distributed/ have been
transferred to The West Penn Electric Co., > whose record of service,and earnings has been outstanding in the public utility industry^
We
are glad
to initiate the payment of dividends -to our stockholders who
have been patient during
the past several years while the company
has
been working on
plans furthering compliance with the Public
Utility Holding Company Act and maintaining at the same time proper
standards
of
service
by
the operating companies, in
the system.
Through the depression and the war years these standards have been
faithfully sustained in the interest of the customers of the operating
subsidiaries."
h 'Si
■
"/ ."
.
spi t of the
by directors.
31
1946
$896,203
j $9.11
1947
^$1,533,009
$15.58
special depreciation charge of $100,000 and taxes of $1,122,000.
After
today,Earle S. Thompson,
Company,
on
v *
98,388 shares of common stock, effective at a date to be set
their shares promptly
Penn Electric Co.
Split-Up Ratified—
/: Appleton Co.—Stock
dividends*
no
i."'k
:
Penn Electric
of West
Virginia and Ohio:
and
a
Jan.
dividend by West Penn Electric is payable March
March 12, 1948.
Holders of the old American -
shares of the West
.
.
.
West Penn
are
Moran,
record
of
consolidated-
Co.,
Maryland;
electric
the
constituted
dated
March
in'
now
were
Cur¬
current.
leaving
Penn
West
predecessor
stock
initial public
holders
for
*1947—12 Mos.—1946
g
in the plan of the company
approved Jan. 9 by the SEC.
were
The
books
per
are
that
Federal
Company's common stock are urged to surrender
,
38,925,000
income
TELEGRAPH
8,361,066
27,630,000
33,127,515
48,093,996 150,320,000 171,441,401
2,492,029
14,050,000
7,099,106
Drl94,999 •
145,000
Drl63,776
8,775,000
income—
Interest
V
&
55,476,919 200,710,000 216,768,929
37,044,474 145,770,000 145,060,379
7,376,000
16,730,000 28,344,000
2,695,379 10,580,000
10,237,035
4,570,000
taxes—
Dividend
.
53,205,000
37,595,000
revenues—L
expenses
Federal taxes on income
common
The
-
TELEPHONE
AMERICAN
The
intervals.
on
of
Electric Common
as
alter
Electric Co. met Jen; 15 and
a dividend
of 25 cents per share.
It .is the intention of the
directors to consider and take action on dividends at quarterly -/
declared
25
OP
EARNINGS
of liquidation
directors
The
gross
Secretatry and Treasurer,- in a notice to the stock¬
7', 1..43 stated:
The ofiieers of this company,
consideration of the matter with its Counsel, are of the opinion
Earle
C.
Electric Shares—
Declared——//-.'/ •;*:/.//
proposed
transactions
Final
process
that
Anaconda
•
.
capital stock of the company on and alter March 1, 1948, to and
including Dec. 14, 1955.
Conversions can be made by surrender of $100
of debentures plus payment to the company of $4o in cash for each
share of capital stock to be issued upon conversion,
;
Over 250,000 Bell System employees are purchasing more than 1,430,000 shares of American Telephone & Telegraph Co. capital stock under
$22,985,470,
were
Fower
Virginia,
West
holders
approval of its
sequel to the
a
the
by
had
single integrated system.
The New York Stock Exchange has approved the listing of the new
West Penn Electric common shares and
the company has been in¬
formed that dealings in such stocjc will begin Jan.
19, 1348.^-V. 167
p.
150.
-■/
••■.-■■/„ ;
/ ./"
V
segregation and, dissolution plans ,
District Court for Delaware; company
statements do not
issued a call Jan.
15 for the surrender of-the . certificates-for the
approved—over $50,000,000 of the increases, for instance, have only
company's 2,343,105 shares of outstanding common , stock, in . exchange ,
recently become effective.
Applications are now pending for, abput
for
the
common
stock of West Penn Electric- Co.J. now being dis¬
$65,000,000 additional rate increases and further applications will be
tributed on a share-for-share basis.
West Penn Electric Co. is now *
made in the near future.,;,
' "
,
'
>-.
the top holding company for the electric properties of the old Amer¬
More than $1,100,000,000 of new money was raised by Bell System
ican Company.
The water works properties of the former $465,000,000
companies in 1947.
The convertible debentures just offered to Amer¬
public utility system
were segregated last' September and
are now
ican Telephone & Telegraph Co. stockholders, which were subscribed to
separately controlled by American Water Works Co.; Inc.
.
in
the amount of more than
$348,000,000, will be convertible into
effective
Monongahela
Co.,
,
Inc.—Calls in
1941 of
the same date
on
Electric -system
Penn
West
for
Exchange
in
consolidated assets
which-, $38,867,244
Total
at Sept. 30,
found
&EC
202,979,836
$9.98
tBased on average number
the company's proportionate
deficits of subsidiary com¬
& Electric Co.,
American Water Works
Stock
sub:idiaries
after .taxes of $3,181,216. The
on
preferred stock,
to
dividends,
wprking capital of $15,881,774.The West 'Penn tlectric Co.
sylvania,
-
,
by the strike in the second
quarter of the year and by the fact that increased wages and other
increased expenses
were effective before
approval of increased tele¬
phone rates by regulatory authorities.
Rate increases amounting to ,
more
than
$114,000,000 a year have now been approved or made,*
for
and
,Co.
net income
The 'Fotomac Edison Co. and
West
Penn
Railways Co.
These companies, with their subsidiaries
furnish electric and other, public utility. services In sections of Penn¬
substantial reductions in Federal taxes
connection with debt redemptions, etc.. which
by charges against other income,
i!Includes
proportionate interest in earnings or deficits of Western Electric Co.
and all
other subsidiaries ngt consolidated (partly estimated).
IIIn¬
cludes $5,281,000 and $13,603,000 ior the three months and 12 months
ended Nov. 30, 1946, respectively, and $2,239,000 for the 12 months
ended Nov. 30, 1947, on account of tax refunds due to carry-back of
excess profits credits in 1946.—V.
166, p. 2657.
/
satisfactory to the user than evef before.,
Earnings for 1947 were adversely affected
and
allowing
Principal subsidiaries o,i
Power
offset
were
Electric
Penn
after
distributed.
being
liabilities
rent
in
costs
from
reductions
West
$70,848,874
equal
$357,878,302
$ Includes the effect of
arising
heavy and
continues
estimated.
partly
in
panies.
ago.
service
demand
new
December
of
Stock
r
159,679,840
$7.62
55,780,212
$2.72
45,529,643
$2.13
outstanding.
iDoes not include
undistributed earnings or -in
shares
of
interest
approximately
1,500,000 people are on the waiting list for telephone service.
The
Western
Electric
Co., our manufacturing and supply unit, is now
operating at the highest rate in its history with a volume two and a
half times the prewar peak year of 1929.
There has been considerable
improvement in the quality of service in mcst places and we are doing
everything we can to further improve the service and to make it more
The
—
Applic. to A. T. &
T.
Co.
stock
tConsol. earns, per sh.
Quarterly Report—Walter S.
The
,
deductions.
income—
Net
high price for the day was
months
income
Total
Interest
was
represented
of
taxes.._
income.
tlOther income-(net)
the largest turnover in a corporate issue
any
day in the history of the Exchange.
A trade for $8,000,000
the issue marked .the opening of the market.
The price was 108 Vi.
cording
expenses.
taxes on inc.—
Fed.
effective.
became
A
Operating
The
of
is
$2.94 'per share two the 2,543,105 shares of West Penn
2,199,771,643 2,080,214^649
1,770,095,315 1,572,226y077
- 71,657,692
78,090,378
42,724,227_39,272,873__ 170,513,503^ 156,081,779
50,738*407 59,525,751
187,505,133 §273,216,415 >:
13,386,159
8,628,014
36,987,532 Ur22,073,522
64,124,566
68,153,765 ^224,492,665' 251,142,893
17,232.164
10,701,227
60,389,168<
41,532,462
46,892,402 1157,452,538 i| 164.103,497 - !|209,610,4"3l
-7 ' V
1,362,759
1,672,326 V
4,423,657
6,630,595 -
592,987,668 533,312,621
479,834,196 411,734,554
19,690,838
22,779,443
revenues.
Other
latter
„
$
.$
Operating
1947,
30,
revenues
—12 Mcs. End. Nov. 30—
1947 V; ' '• 1946. "
$,'•■"'$
—3 Mos. End. Nov. 30—
1947
1946
Period—
REPORT
EARNINGS
CONSOLIDATED
SYSTEM
BELL
Telegraph Co.—Only $9,114,100
Debentures Unsubscribed For—Sold on Exchanges—
The company announced Jan. 14 that it intended "to sell tne unsub¬
scribed
portion, amounting to $9,114,100,
of its recent offering of
$357,532,600 of 10-year 2%%
convertible debentures, due Dec. 15,
1957, on the various stock exchanges on which the debentures are
listed, through member firms.
The company filed Jan. 14 with the
SEC
the
necessary
amendment to the registration statement which
American Telephone &
Monday, January 19, 1948
FINANCIAL CHRONICLE
&
THE COMMERCIAL
(246)
167,
42.
p.
"American Water Works & Electric Co., Inc.
Accompanying
solidated
income
# Arkansas-Mis>auri
first mortgage
Pri¬
Placed
^3
bonds, series C, due 1977. Proceeds will
purposes.—V. 166, p. 2657.
be used for construction
Santa Fe Ry.—Equipment Orders.
/ Atchison, Topeka &
G.
Fred
President,
on
Dec.
26 announced
',/
deliveries can
cars and 53
/,'■"• V
/■'/:■"'r ■■■.''
-yr\ 7
locomotives.
7":';
EARNINGS FOR MONTH AND'FIRST 11 MONTHS
,
Gulf, Colorado & Santa Fe Ry.
(Incl.
and Panhandle & Santa Fe Ry.)
g
g
1347—Month—1946
Period End. Nov. 30—
?:
that the company
on
be
letter to
Gurley,
order, or programmed for acquistion as fast as
made by builders, 5,350 freight cars, 197 passenger
has
the stockholders is a pro forma con-,
account Showing that for -the 12 months ended Sept.
the
Co.—Eonds
Power
vately—Company has placed privately $1,000,000
$
$
« '
1947—11 Mos.—1946
Railway oper. revenues-
Notice
of the Distribution to the Common
33,838,434 415,645,946 374,572,242
Railway
Stockholders of
41,345,312
30,077,745
27,512,106 306,962,745 236,116,452
3,543,614
59,766,57b*
CM63.182 Drl,035,040
47,449,844
Cr278,484
2,945,896-'-47,881,583
3,769,188- : 2,243,005
41,632,703
4-1,284,430
6,320,212
or
credits-
Dr464,116
oper.
income-
4,433,239
Other
debits
Net
Net
COMPANY
AMERICAN WATER WORKS AND ELECTRIC
expenses-
oper.
Railway tax accruals-
ry.
income
,i--_
Santa
has
Fe
Skyway,
decided
to
air freight subsidiary of the Santa Fe Ry.,
operations-in. the immediate future, H. R.
Inc.,
abandon
President of this unit,
Lake,
announced on Jan. 13. .Skyway has been
operating between New York and California
a
contract carrier of air freight since July
of the Common Stock of
-
THE WEST PENN ELECTRIC COMPANY
is
in
the
to
operations
cease
was
-
.
unfriendly attitude of the Civil
quality and cost of service, but that the Board believes that
issue is who should be allowed to give service to the
the
primary
clearly reflected in the recent action of the
denying Skyway the exemption wnich has
public.
AH of this was
Civil Aeronautics Board
-
and intermediate points as
1,- l.->46.
made as
a
result of the
Aeronautics Board towards the
Sar.La Fe and other surface carriers, Mr. Lake said.
It is obvious that
the Board does not share our view that the real interest of the public
decision
The
obvious
.,
/
■;/ Air Freight Unit to Abandon Operations—-
INCORPORATED
(INCORPORATED)
3o,462,441
in
other non-certificated air cargo - carriers under Ihe
Board's Economic Regulation No. 292.5, which permits them to operate
as
common
carriers of air freight pending action by the Board on
been
To
the
their
;.^//r ./'■■, v /.;
;vv."/
Common Stockholders of
American Water Works and
Electric Company, Incorporated:
granted
applications for certificates of public convenience and necessity."
to
Skyway,
in .conjunction
with
the
Santa Fe
Railway and
the
trucking subsidianes, offered to render a coordinated air, rail
and
truck
service in the general territory served bv the Santa -Fe
latter's
Pursuant to Plans of this
under the Public
Act of 1935 and
Company filed
Utility Holding Company
approved by the Securities
Exchange Commission and the District
Court of the United States for the District
and
of Delaware,
this Company has
holders of its
common
been dis-
being distributed to the
Common Stock all shares of /
solved and there
are
stock of The West Penn Electric
Company owned by it, such
distribution
being at the rate of one share of common
stock of The West Penn Electric Company
for
each
outstanding share of Common
Stock of this
Agent.
The
common
Electric
listing
for cancella-
the next several months.—V. 166, p. 2657..
THE
■
-J
Electric
.
'
•
Company
(INCOKROR ATtD)
NOTICE
ON
OF DIVIDEND
■*'•>/■;'
STOCK
,.///
COMMON
The Board of
Directors of The
West Feam Electric
declared
•
*
a
dividend
Company has
on
the Com¬
Stock of the Company in the
amount of
twenty-five cents (250)
share, payable on March 25,
1948 to stockholders of record at
per
AMERICAN
ELECTRIC
WATER
COMPANY,
WORKS
AND
Incorporated
the close of business on
March 12,
1948.
By H. D. McDowell, Secretary
for hearing within
mon
of
Company will ;be
each holder of Common Stock of
1Y
on
an
the New York Stock Exchange,
on
day, January 19, 1948.
The West Penn Electric
*
action
he set
in applications which were first fi'.ed in November,
amended in May of 1S47 to include service to New York'.
early hearing was requested the Board has taken no
these applications and there is little prospect that they will
System
and
stock of The West Penn
dealings in such stock will begin on Mon¬
January 16, 1948.
1946,
Although
Company has been approved for
of this Com¬
Company upon surrender
Railway
<r
.
and that company has been informed that
final distribution of the assets
this
office of.
City Bank Farmers Trust Company, Distribution Agent, No. 22 William Street, New
York 15, N. Y., in accordance with the
instructions contained in and accompanied,
by a duly executed Letter of Transmittal, a
copy of which is being mailed to stock: .
holders of record. Additional copies thereof
may be obtained from such Distribution
Company and constituting the
pany to its common stockholders.
Certificates for shares of common stock
issued to
tion of his stock certificates at the
0
H. D. McDowell, Secretary
January 15, 1948.
I'
V
'
Volume 167
Atlanta &
-
Number 4665
THE
St. Andrews Bay Ry.
Net
1947
from
railway—__
railway
;.i——
Net .from
^
.
o'per. income
ry.
Beech Aircraft
Co.—Earnings—
November—
Gross
1946
$150,647
—
COMMERCIAL
$132,848
69,760
54,530
Net
36,042
Earned
From Jan. 1—
Net
from
from
per share on
Net
ry.
—V.
railway
679,501
—
453,988
201,543
Belding
The
(B. T.)
—
c'Net profit
t Earns. per
—
$558,539
$0.68
-
.
1,644,522
.$0.55
$1.61
■
,
charges.
JBased on 1,020,000
outstanding.—V. 165, p. 3275.
Bachmann
,
Placed
1947—9 Mos.—1946
$11,393,292 $10,725,115
•,
—.
$696,297
_
share--
Co.,
1947—3 Mos.-t,1946
After
rently
takes
Babbitt, Inc.—Earnings—
Period End. Sept. 30—
Net sales
shares
stock
of
the
note
Corp-—$4,000,000
Inc.
New
N.
Y.,
stock
of
this
place of outstanding common stock
Connecticut corporation.—V. 166, p. 946.
been appointed
corporation, which
Belding
The corporation,
3 Months
—
1
$713,070
$2,786,742
—
—
Earnings
—V.
per
269,000
166,
1574.
p.
Worsted Co.,
800,000
both
$444,070
462,375
$0.90
of
$3.60
its
to
net
working capital
a
3% %
effect
former
Uxbridge Worsted Co.—V, 167,
to
the
redemption
of
of
result
the
as
giving
the
borrow.ng,
1959
due
notes
127,166,469
239,667
141,138
Operating
revenues—
Operating expenses—.:
11,020,775
126,926,802
117,944,807
Operating taxes
Net
150.
p.
Net
'
(Including
Wholly-Owned
Subsidiaries)
$
$'
•
V'
'
iv
j
—-
Costs
and
65,743,608
706,000
Operating profiti:...,..-...-..:—
Dividehds
Other
.received
Other
Midvale
Co
—*
1
)
—
_—
$2,040,398
State
Net
taxes
A
795,000
profit———
Common
per
—V.
p.
166,
$1,238,918
—
shares outstanding. .;—
Earnings
$75,000
The
Yard
a
B.
of
cost
White,
the
in
*
expedite
begun
metropolitan
in
it
terminal
south
area
of
announced
was
Chicago,
Jan.
-pn
■The
111.,
15
terminal
and
f
The
and
serve
for
1945,
covers
an
the
as
of
area
main
205
freight
in
acres
terminal
central
a
for
Yard
development
program
far
so
is
part .of
completed
Issue—
by
the
be
150.
built
Gay
1.947
estimated
were
figures
p.
highest
are
the Pullman
by
Standard
the
&
O.
$116,500,000
the Baltimore
&
in
Co.—Ordered
Closed
by
15
Manufacturing Co.—V.
:
' •
in
a
time
request
the
First
National
Bank
to
named
was
trustee,
issue certificates.
was
Bangor
Aroostook
&
Period End. Nov. 30—
in
$25,000
'
if
reorganization
a
plan
doe3
not
f v"
sion
Ry.
oper.
Ry.
Ry.
tax
revenues-——
oper.
Ry.
573,546
407,498
21,583,025
15,055,568
"fromrailway,.—
Net* ry. oner, income—1
.4,362,698
3,567,167
income
Other
railway.
railway——
income—
oper.
from
166,
.J
$76,744
$1,301,140
;
1945
523
92.498
at
.
,
_
Income
••
.
available
'
) r.
;'
.
3,223
2,512
46,706
.
after
fixed
•
•31C.514
495,911
$56,711
Federal
1947
2,377,572
1944
1,334,217
-
958,000
.
no
cn
T
mer
...
$1,389,572
$1,348,000
356,400
—
Earns, per com. share—
1
For (the quarter ended
share,
common
quarter
of
(James B.)
Philip
356.400
$3.68
Sept.
30,
compared
1946.—V.
&
1946
;
$1,633,278
Co.,
178,200
$1.74
$1.67
with
166,
p.
net-income
$512,075,
$513,059,
was
$1.37
or
a
share
&
'$1,105,667
$796,996
1,500,000
1,500.000
$0.74
$063
approved
a
proposal
to
to
the
Inc.—Unit's
&
C
Co.
Paul
ol
H.
new
Dallas,
6
Months
Profit
Rice.
has
The
(Including
assumed
T
Income
Net
taxes
.—
1946
,&
C
Co.
will
the
Inc.
company's
dissolved
was
Under
the
new
retain
the
same
name
officers
$2,558,236
——
$2.70
$3.66
Sales
$5,075,778
£
—V. 166, p. 2410,
The
•
$4,217,019
for
Wholly-Owned
and
service
new
test
transport;
missile
placed
was
Transport
ordered
engines;
and
Service
the
in
of
the
first
great
aimlanes
from
the
offices:
135
NOTE;
On
matter
February 25,
$35.00
account
of
per
the
year;
1942,
in
at
the
Dominion
fluctuations
in
the
post
of
office
Canada,
rates
of
company's
designed
Wichita
Force
for
(Kansas)
duties-.—V.
$38.00
to
liaison
167,
Divi¬
150.
p.
on
occupancy, was designed to pro¬
pounds of
aluminum extrusions per
36,000;OQ0
i
cut-off
a
of
date
sealed
Road,
of
10:30
•'proposals
Detroit.
a.m.
at
Bids
(EST),
the
will
Feb. 17,
Regional
publicly opened
Detroit
be
1946
1945
$323,852
352,418
$933,260
$0.92
shares^
months .ended
share against.
$1,194,827
$1,225,221
151,970
75,985
$1,983,599
$2.65
$1,162,979
352,418
352,418
'
Montague,
whioh
1475.
holders
of ;the
Chicago,
one
are
Co., Inc.—Rights
common
offered
share of-capital
stock,
issued
to
the
par
value
to Stockholders—
$1,
of
record
Dec.
22,
the
opportunity to .subscribe at $2 per
stock, par value $2, of James B. Beam
Distilling Co. (a new corporation)
Philip Blum & Co., Inc. held.
been
$3.30
share
a
York,
N.
per::year.
remittance
for
each
share
of
capital
stock
of
Non-transferable subscription agreements
Philip Blum common stockholders." The offer
Y.,
under the Act of March
3,
1879.
Other -Countries,
$42 00 per year.
for
foreign
$545,794
was
in
first
half
of
7
16.5%—-
1947—12 Mos.—1946
$8,892,075 $82,915,863 $74,589,296
President,
no
dividends
about.-$1,550,000
in
bulletin
a
received
were
in 1947.
estimated increase
an
of
expected to be about 3-3%'
1946
sales.
'\
to
stockholders
subscriptions and
'Subscriptions
advertisements
on
in
either
year.
However,
in
about
on
10%
sales.
1946, and
'
7
in
dollar
This is
'
a
v.
sales,
decline
net
in¬
from the
'
(Including Domestic Subsidiaries)
Sept. 30—
profit-.-
"After
1947
1946
1945
*$3,900,630
$3,235,847
$2.00
$1.66
...
effect
to
potential refundable Federal
taxes of $8,591,000 and to
price and
of
for
reserve
reconversion
Sept. 30—
...
...
profit
per common
tBased
on
requirements
Months Ended
the
$5
Net
taxes
.
„—
&
reserves.....
taxes
reserve
profit
166,
p.
$1.23
Ni:
—
1947
1946
be
in
United
made
in
States,
New
$6,015,714
Cr25,80C
S
Possessions
funds.
453,64.';
48.60C
$969,464
$430,843
400,000
400,000
$2.42
$1.07
2307.
U.
York
'
$10,625,507
1,977,069
225,000
...
'
must
divi¬
782,605
Federal
Coipmon shares outstanding ^
Earnings per common share......
—V.
2,683,600
Subs.)—Earnings—
;
before
Inventory
re¬
3276.
1946
common shares
after allowing for
preferred stock.—V. 166, p. 1575.
Sept. 30—
sales
Income
p.
$4,658,501 *$2,780,65(
share.......
3,352,329
on
Buffalo Bolt Co. (&
Profit
165,
1947
charges
taxes
1
"Loss.
and
costs
$139,894,633 $83,952,383
7,342,101
"2,780,656
after
fEarnings
$2.07
income
Co.—Earnings—
Months Ended
Income
$4,042,300
inventory adjust¬
Salesv
Profit
1945
' $4,743,979
sliar^..$2.44
giving
excess-profits
$6.10
at
$1.33
profit
Co.—Estimated Earnings, Etc.—
G.
Earnings pper
300,000
$3.58
&
net
1947—Month—1946
$10,362,601
$1,831,629
300,000
Blum
or
1947,
3276.
p.
9 Mos.
dend
$1,073,251
p.
30,
its
tNet
151,970
$3.73
166,
June
$468,181
from
Budd
300,000
194.7,
at New
exchange,
of
Oct.
meeting of Nov. 25, the directors declared
a
final dividend of
75 cents per share,
bringing total; 1947 dividends to $2.55.
This conw
pares w.th
dividends of previous years as
follows:
1946, $2.25; 1945,
$1.80; 1944, $1.70; and
1943, $1.50,—V. 166, p. 1575./
9
$1,118,842
have
Union,
Air
and
operation
S.
second-class
S.
cargo
version
Dana
-American
U.
con¬
Fairfield,'California,
specificallv
variety- of Ground
the
the
it-
and
other
military
regular
its
on
for
airplane,
and
route.
delivered
a
B-50
versions
announced
turbine
gas
This
year.
the
share
165,
to
At
-52 Weeks-
$1.14
share -for
$43,862,233 $38,367,608
Air
___________
on
Subsidiaries)
3 00,000
.(Philip)''
-
the
to
166, p. 2410.
is
9
1947—12 Mos.—1946
two
carrier
Commercial
William
as
1947—Month—1946
four
25, the first
and the Strato¬
13
charges and Federal taxes—V.
$342,413
The
Period End. Dec. 31—
range
of
June
on
July
Stratofreighters
during
six
a
Despite
Net
(A. S.) Beck Shoe Corp.—December Sales Up 20.4%—
:
YC-97
\v v-
948,820
—_
1S47
troop
ramjet
and including
$1,377,071
turned to income.
tAfter
common-
—V.
$3,473,731
948,820
Capital shares outstanding
Earnings per "share
—V. 165, p. 3275.
on
total
a
charges and Federal income taxes.
ments
Corn. shares outstanding
Earns, per common shr.
2,500,417
in
and
—
per
come
of
42.
$418,398
75,985
dividends
Balance
$5,974,148
1,810.225
...
1——
10
capital
the
3.6%
the for¬
,
$4,368,461
—
profit
profit
Preferred
-1—
—
B-50
XL-15
1947
Briggs Manufacturing
Co.—Earnings—
1947 by
by
Aut6-Vend,
switch-over.
p.
17,
announced
original
C
167,
Nov.
been
-26 Weeks-
Net
1947
—
first
in
a.1947
profit
the
Aug. 2, '47
Aug. 3, '46
Aug. 2, '47
Aug. 3, ''46
Sales
$29,910,538 $26,573,828 $59,899,157
$51,777,239
Profit after exps
674,398
2,201,139
2,044,909
4,723,599
Federal income
taxes..
256,000
1,006,312
819,688
2,740,000
Inc.—Earnings—
Sept. 30—
charges'.:
time
company's share of these
earnings was about $715,000
run
will
Changed—
Period Ended—
Ended
after
long
^
the
increase
Name
name
it
for
Inc., >belcw.
year's
additional
standard
p.m.
Net
Beaunit Mills,
and
the
Assuming thai the trends of the first ten months continue through
November and December, 1947
earnings are estimated at $4.60 to $4.65
per share.
In 1946, the
company earned $19,581,006, or $4.64 per share
on
total shares then
outstanding.
Estimates do not reflect the net
income of the
oompany's unconsolidated foreign and domestic subsid¬
company's
Bloomingdale Bros., Inc.—Earnings—
Offered—
Force,
Air
Force
experimental guided
Dec. 20, saki in part:
par common
Co.,
or
1574.
Co.- -Stock
an
established
Theodore
836,282
$392,071
178,200
the
first
the
.
first
Stratocruiser,
be
Borden
1945
$1,821,250
*
715,583
23
simultaneously with the T &
Auto-Vend, Inc., the former
717,000
$403,217
.
$3.57
1947,
Beam Distilling
Blum
,
Dec.
Pres'dent,
1,109,071
931,000
on
Period End. Dec. 31—
Corp-Split-Up Approved—
Dec.
and business policies.—V.
Com. shares outstanding
a
2,306,333
988,000
_———
Net profit
third
1945
By
Bond Stores, Inc.—December
Sales Increased
4,732,580
$1.69
Auto-Vend, Inc. is the
$20,775,037 $16,069,393 $11,592,023 $11,094,005
taxes——_
taxes
1946
r.
plane.
Air
pro¬
Superfortress
liaison
announced
$1.55
or
// > 7
(amendment
on
Blair
V
of
one
will
"After
,
Subsidiary, Sunland Investment Co.)
B-50
test
plant, available for immediate
For
stock from 5,000,000 shares-to
20,000 shares.
certificate .of incorporation was
30> 1947 pursuant to which each share of
common stock
was
changed into three shares of common
stock, by the distribution
on. Jan.
17, 1948 of two additional shares to holders
of each share
of record at the close of
business'on Dec. 30, 1947. ,
7The New York Stock
Exchange directed that the common stock be
quoted ex said distribution on Jan. 19.—V.
167, p. 42.
Corp.—Earnings—v
(Including
_
See
504,156
$936,188
166, pp. 2306 and 1782.
Profit before
the
45,791
flight
t
$2,531,553
—-1,500,000
outstanding-
3275.
p.
authorized
$552,622
•
$165,215
9 Mos. Ended Sept. 30—
Sales
$1.36
$1,440,344
$33,988
46,496
income
,...
1947
taxes
share
per
stockholders
An
$79,779
Boeing
Strato-
new
Subs.)-^Earnings—$4,062,281
1,530,728
income
Bethlehem Steel
filed
$211,711
Barker Bros.
shares
165,
The
•
,
charges
v
(&
profit.:
Capital
for
charges—:
Net
-V.
2
—V.
expenses...
Federal
Earnings
:—V.
v
Fixed
for
Net
25,122
new
detailed
a
luxurious
CONSOLIDATED RESULTS FOR NINE
MONTHS ENDED SEPT. 30
$1,613,087
410,722
•
4,277,207
Quarter End. Sept. 30—
102,963
•'
.
introduced
approximately
iaries
(net)
.
the
8,
1948, for the reception
Office, 15000 Eight Mile
1944
$1,345,064
686,368
2307.
p.
Best Foods, Inc.
$424,537
9,734
put through its
other Boeing engineers
10,
Sales
728,295
•
work
Hawaii,
1946.—V.
Net
8,175,674
1,362,179
being
Administration
Stratocruiser,
to
the
the
year.
From Jan. 1—
$9,328,506
,8,304,248
86,028
$198,754
(net)
income
$879,416 $10,967,567
for
cargo
delivered
V WAA. has
4,081,953
ry.
Gross
1947—11 Mos.—1946
In
on
18,790,030
9,629,390
7,560,283
16,889,046
3,439,798
than
1947
announced
7
experimental
six
L-15.
The
296,345
rail way :^v-
from
Profit
%716,644
.
also
the USAF
Earned
820,478
16,7,
184,499
863,935
income...:.
oper.
Rent
$1,247,186
expenses—
accruals—
its
Number of
1946
it.-was
plant in Adrian, Mich,, which has been under
lease to this, com¬
is being offered for sale or lease
by War Assets Administration
its. regional office in
Detroit, Mich., it was
: ..Jan.
Erie RR.—Earnings—
$1,700,576
airplanes in
history,
through
150.
1947
1948.
27,
pany,
" >.
feasible,
p.
$2,19.4,428
1,012,095
Net
RR.
the
transfer
Bolin Aluminum & Brass
Corp.—Leased Plant for Sale
A modern,
completely-equipped, government-owned aluminum extru¬
Present
appear
model
Forces
as
.
flown
XC-97
to perform
sion
certificates
bankruptcy proceedings.—V. 167,
RR.—Earnings—
1947—Month—1946
7
.
July
double-deck
duce
of
Jan.
on
military projects.
service,
of
,7.
said
consider outright
stock¬
of
of
cost
-
were
The
one
intact.
assets
for
Net (from
■■
,
Ground
aircraft
on
earlier
by
A ■■■.■.%•%/.'
which at the
new
31-year
XB-47 was
the U.S. Air Force,
for
production
17.
developing
Force
directed the closing of the
company,
furniture industry at Grand Rapids.
the
November—,:
Gross
postwar
Ohio
of
The .first
the
150.
order has
Bessemer & Lake
location,
B.
—V.
Car
in
company
its
the
Furniture
from
holdings
less
(CST)
p.m.
swept-wing
Army
,
fidential
lit
in
its
the
XL-15
were
Honolulu,
firms in
Starr
would
Prov,
I
in
The
reportedly worth $500,000.
the judge approved the issuance
keeping
Judge
he
•
"
the
continued
company
p.
_
approximately
dryers and 48,000
167,
Ohio, investors the remainder.
is planning to ask for bids on .Jan. 26 for $4,000,COO
trust certificates maturing in one to ten years,
The
proceeds will finance up to 80% of the cost of 1,200 steel hopper cars
)
The
equipment
to
were
Dec.
of
1947
49,000
3
Stratojet and the
started during 1947 oil the
models
was
Chicago, which is trustee
for $338,000 in defaulted
mortgage notes, demanded that the plant be
closed.
R.C.A.-Victory Corp. holds $638,000 of the notes and Cleveland,
engine
New Equipment
1
$9,500,000.
their
company's
to
Stratocruiser
jet
was
^Counsel
,
.
Barr
improvement
The
Sales
company.—V.
Michigan Trust Co.,
'.However,
handling of freight moving through this
freight yard with its many auxiliary
new
Chicago, handling the switching and classification of all B. & O.
freight passing through the Chicago district. -It will also serve as a
freight classification and dispatch point for the Baltimore & Ohio
Chicago Terminal RR.
:',vv
of
washers,
said.
in
more
airliner.
on
''Net
yard
new
six-jet,
bomber.
yards.
will
The
produced
■
freight/.classification yards, besides additional trackage in the
receiving
the
quantities
Judge Raymond W. Starr has handed down an order
for an
closing after refusing a trustee
request for issuance of
$100,000 in trustee certificates to permit continued
opera¬
:%
v.
inventory
,
eastbound
at
the
turned down by Judge Starr
by
and comprises 50 miles of trackage, an
servicing facilities, a car repair yard, an
equipment conditioning yard, a Diesel fueling station and additional
buildings for stores, offices, .etc.
'.
;
The new facility has a total • of 39
tracks in its westbound and
engine
Sayre
purchase
of
report.
end, several B-50's had been delivered
employing more than 300 persons/ petitioned the court
for reorganization under chapter 10 of
the National Bankruptcy
5
Act.:
Barr
at
;
the
the
center,
freight
new
.had
stock
shall,
of highly-successful
flights by the radical Boeing SB-47
experimental bomber climaxed the
company's activities for
as
grams
12,502,393
'Company,
Jan.
Freight Terminal Ready
its
$3,000,000,
President.
was
completed
than
more
Designed to
great railroad
facilities
just
Riverdale
near
at
R.
has
company
to
tions.'.-'
•
Ohio RR.—New
&
of
court
oldest
•.Federal
$0.60
2554.
Baltimore
yenr-uul
addition
and
17,433,532
12,499,510
automatic
Mr.
profits
&
Federal
the
immediate
1,875,553
..
shar6
common
17,152,751
1,135,499
Federal Court—.
6,480
income
1,598,168
a
troop^ transport sister ship
of
v
and
history
Berkey
income
&
ten-year
45,437
deductions—
Federal
In
227,762
-ir.
_
ironers,
$81,000,000
575,138
-
units—609,000
automatic
$1,192,061
received
income
Total
,
from
1,000,278
1,361,014
31
to
all
Co,, Chicago, 111., before
for the first time
cruiser
88,782,419
11,728,826
1,767,316
Dee.
offered
Inc.
laying before the Civil Aeronautics
type-certification program for the
Appliances, Inc.—Outlook—
by
company
at
series
new
Home
has
Co.,
203.
were
.
The
-1,031,082
—"
Other dividends
98,188,199
-11,585,852
in
year.
paces
Recognizing that 1947 business was
abnormally good,
Judson S.
Sayre, President, predicts that the
company, manufacturer of the Ben¬
dix automatic
washer, will do a "normal" business in 1948
1947
$67,966,752
—-
- expenses
Depreciation
8,422,329
2658.
p.
Bendix
.
CONSOLIDATED EARNINGS FOR 9 MONNTHS ENDED SEPTi 30,
Sales
operating income
charges ■<—__
166,
111.,
&
company at $17 per share
a
letter dated Dec. 24.
to
jn all, Boeing had
Baldwin Locomotive Works—Earnings—
.
——7.:-
after
—V.
27
Even
118,085,945
16,067
the
1948,
of
p.
Strat-ojet
11,036,842
alter
of
Blum
said
company introduced
previous single year in
the
1947—11 Mos.—1946
/ ' ' '
" ''
$ '
Operating
revenues—11,977,774
Uncollectible oper. rev._25,275
will add approximately $2,-
of
This
Pennsylvania—Earnings—
1947—Month—1946
11,952,499
8,991,261
1.193,922
20,
Boeing Airplane Co.—Record Number New
Model Air¬
craft Introduced in 1947—
$1,755,742
462,375
Telephone Co.
Chicago,
Philip
according
165,
A
Bell
Feb.
on
common
stock desiring to
accept the above offer may
by depositing their certificates with
Conliiiental Illinois National
so
any
Period End. Nov. 30—' '
of
stock
Dec.
Bachmann & Co. and Uxbridge
than 40 years eld,
more
Weiss
of
—V.
'
1
business
1,031,000
_
share.
common
of
further ruled that purchasers of said
ii> transactions made prior to Jan.
12, 1948,
be entitled to the subscription
privilege.
Bank & Trust
9 Months
Net profit
Commorf shares, outstanding
Loan
through Goldman, Sachs
recent merger of L.
a
A.
Holders
after .expenses
income taxes
close
Committee
common
Heminway
& Co.
\
L.
do
1947—"
30,
the
Exchange
request,
holders
Co.—Earnings—
Sept.
at
the
Offer of $17 Per Share Made to
Common Stockholders
has
of
wijl expire
of
The
this
(Del.)—Registrar—
York,
the
a
Profit
cur¬
Arrangements for the replace¬
made
were
Co.,
Co.,
value capital
par
Bell & Howell
Privately—The
installments of $158,000.
the $1
Period Ended
corporation announced Jan. 13
that it has borrowed $4,000,000 from Prudential Insuiv
ance Co. of America on a
20-year promissory note. The
note,, which will be the sole funded debt of the corpora¬
tion, is due Dec. 1, 1967, and is repayable in annual
ment
Heminway
for
Federal
Uxbridjfe Worsted
Nil
stamps,
1,932,738
$1.89
-
capital
of
*116,851
$0.80
view
foregoing, the Committee of Security
Rulings of the
York Curb
Exchange ruled that the Philip Blum common stock
be quoted "ex"
the above referred to
subscription privilege on Jan. 12,
1948.
on
Manufacturers Trust
registrar
;
319.858
400,000'shares—
In
3
New
upon
2306.
p.
1946
$7,546,023
2554.
p.
subscribe
Chicago.
1947
$6,461,074
-
1,408,325
279,172
j.
income—
pper.
166,
1,667,020
166,
(247)
to
"profit"after faxes—
"Loss —V.
railway-.,
Corp.—Earnings—
sales——_——
"
Gross
FINANCIAL CHRONICLE
3 Months Ended Dec. 31—
Net
34,008
"
_
&
"TerritoriePaiTd "Members^^o?
t
THE COMMERCIAL
(248)
Burlington-Rock
Island
November—
Met
ry.
1945
1944
77,714
20,532
$236,603
38,271
*4,022
$257,450
69,073
18,130
$250,877
78,097
28,212
3,529,392
821,416
157,083
railway....
railway
from
Net
1946
$324,511
from
Gross
2,924,870
608,321
32,021
2,975,795
1,009,029
448,633
2,784,842
1,037,858,
....
income
oper.
.
railway..—.
railway.
..et ry,
...
income
oper.
,' 'Deficit.—V. 166,
2207.
p.
•
Y:*;■■■
■
9 Mos. End, Sept. 30—-
services
.let
tax
Profit
(net)—.
prov.
1
Net profit
*
697,684
359,307
Bush Terminal
$4.92
stock.—V.
$535,214
$478,392
$5,378,514
'
424
3,440
42,859
$535,638
140,689
$481,832
161,878
$5,421,373
1,726,275
$5,5)54,677'
1,905,669
$3,695,0)8
$3,648,008
780,440
780,440
Gross
rents,
$1,038,139
etc
.income
and
Int.
1944
$1,519,851
205,522
from
Revs,
1945
$1,049,664
41,233
359,312
469,659
Fed.
tax
and
;—
other
deducts.
.
-V.
$394,949
income
Balance
;
78,000
15,900
252,000
.
166,
$2,914,658
..
$107,312
518,460
$0.16
Of
NO.
—V.
Carr-Consolidated Biscuit
$140,659
518,460
$0.23
shares.
common
518,460
$0.24
share
per
166,
Profit
after
Federal
$512,468
$296,431
$1,659,566
726,009
726,009
726,009
Nil
$0.70
$0.41
figures of predecessor companies, J.
Co.
{Loss.—V.
Period End. Nov. 30—
Interest
Sept.
dividends
&
N
30—
1947
Net
$2,279
Sales
8,757
8,960
.
loss
before
$6,576
600,000
Nil
;
depletion
Capital shares outstanding..—
Earnings per share
—
—
—V.
17,861,555
1,107,654
Profit
$599,301
4,242
4,699
$599,626
173,266
$603,543
182,777 *
162,920
153~878
1~6~2~292
mill
$346,731
61,998
$321,649
83,832
$365,302
83,832
$284,733
$237,817
$281,470
I
237,246
finan.
taxes
to surplus—
pfd. stock
$390,182
43,200
stk._
;;
$346,982
..995:
-
Central RR. of New Jersey-—Interest Petition—
be
directed
to
make
Syndicate, Inc.,
Operating
the
payment was filed by counsel for Croydon
$150,000 of the bonds.—V. 167, p. 151.
of
owner
1947—Month—1946
$500,250
expanses
Nol^-oper. income
519,307
Int.,
$2.28
Net
2100.
$686,322
Drl28
"Loss.—V.
$1,425,662
3,543,862'
Drl22
*$19,185
1,941
2,056
$868,263
$1,427,718
262,916
26,136
$105,005
20,909
24,000
94,000
418,750
*$23,321
...
taxes
$60,096
$323,291
$746,052
—
166,
270,972
on
——
income
$4,969,524
Cf22,000
Fed.
for
income
Biscuit and
$105,127
deductions-
etc.,
Prov.
340,682
*$19,057
(net)
income
Gross
r
1947—12 Mos.—1946
$445,809
$5,471,058
4,784,736
____
Tet operating income.
1784 t.
p.
600,000
Nil
$
Illinois
Light
Gross
(Including
Period End. Sept. 30—
Patterson-Ballagh Corp.)
Subsidiary,
Wholly-Owned
$206,776
378,680
$0.55
$345,075
378,680
$0.91
—
Prov.
1947—9 Mos.—1946
$928,511
{$568,472
378,680
378,680
$2.45
$1.50
1947—3 Mos.—1946
-Net profit
Capital shrs. Outstadg.Earnings per share
revenue
"■After charges and Federal taxes.
{Includes
Corp. for full period for comparative purposes.—V.
Patterson-Ballagh
165, p. 3276.
Co.—Earnings—
Amort,
adjustments
Maintenance
Provision
for
of
Federal
1944
Net
taxes
income
on
profits tax due
excess
bonds
demption Of
in
314,240
295,699
to
income
of
$1,613,812
13,641
$1,086,433
29,673
$1,116,106
deductions
Net income
Dividends
Balance
—V.
453,571
-
———
166,'
917,568
$662,535
152,903
*
•-;-i v
$709,884
152,902
-
income
Divs.
Balance
—V.
—
166,
its main-line beverages
held
Jan.
on
meet
12.
demand
for
was
recently
only
announced,
R.
W.
told stockholders at the annual stockholders' meeting
Production capacity is currently being expanded to
syrups and extracts needed by new licensees, he
difficulties
in
equipment and bottles, the first 19
production under this program during the past
three months, Mr. Moore said, predicting that as many as 75 may be
bottlers
securing
started
in operation by next Fall.
-;r
Total sales during the December "quarter
i
period
in
Canada
Since the announcement last April of the availability of Canada Dry
licenses,
over
3,000 interested inquiries) have been received, Mr.
disclosed.
The
Moore
'
Taxes
parent
this
in
country,
November—
-Earnings—
1947
1946
1945
1944
$186,000
*50,469
$175,000
$140,100
$154,700
*73,404
*72,894
*19,474
Net'
*105,836
*126,368
*126,153
*74,328
ry.
inc..___
oper.
From Jan. 1—
Gross
Net
from
from
Net ry.
;
railway
railway....
oper.
1,990,100
1,931,500
2,093,900
*444,580
*519,000
*170,572
1,701,700
*420,659
*1,052,803
inc.
♦Deficit.—V.
(other
*1,155,377
*835,498
*1,022,763
from
1947
1945
1944
$306,118
railway
1946
$330,778
$441,189
$537,529
*7,779
*53,070
92,609
245,713
*125,449
5,324
71,576
railway....
4,714,053
Net from railway.—907,616
Net ry. oper; income
'
*113,120
4,416,443
6,132,918
2,175,588
1,056,312
5,554,267
railway......
income...
From Jan, 1—
from
♦Deficit.—V.
679,554
*280,843
Gross
November—
Gross
Vermont—Earnings—
1947
railway—__
railway
;
oper.
1,095,432
1946
$146,274
$96,902
*33,068
*45,278
*64,933
•98,869
*112,104
-
income
*97,879
-
1945
1944
-
$126,092
*29,290
*76,339
,
Net from
501,607
$2,208,678
$1,809,453
railway—.i*1, -1 #46,533
railways __^i10<i *532,216
.
rate
of
the
of
Southern
accrued
6%
from
*l„l96>4i;i
♦Deficit.—VV 166, p. 2307.
■
1,266,843
*667,484' - *612,937:
*1,229,419
*1,130,035
1,392,597
*497,598
.
.
*958,075
1947
1,
Jan.
to
otherwise
unless
annum,
per
April
15,
provided
1948,
at
by
for
.
the
law
or
agreement.
debenture which
must
1943
is
to
surrendered
be
be
paid in full with Interest to Jan. 15,
the
to
paying
agent
for
cancellation
time of payment; interest on the sums represented
ceased to accrue after Jan. 15, 1948.
aforesaid
The
1947—12 Mos.—1946
at
by the present
$1,472,240 $17,150,642 $16,047,811
861,164
10,693,108
144,960
1,805,147
1,667,206
from
9,243,275
$294,145
$466,116
$4,652,387
$5,137,330
1,665
,
.
5,555
32,079
$471,671
$4,684,466
126,448
1,441,021
represent
distribution
a
of
$259.91
of
the
Y.,
the
of
Holders
N.
1943
debentures
The
to
Midland
Marine
New York, N. Y.—V. 167, pp.
way,
should
$5,258,750
1,730,855
Trust
their
transmit
Empire Trust Co. of New York, 120
and holders of the
1957 debentures
Co.
debentures
Broadway,
should
of
New
New
York,
their
transmit
York, 120 Broad¬
151 and 43.
121,420
$295,810
final payment will
debenture, of which $248.12 is on account of the unpaid
principal due and $11.79 is on account of interest accrued
April 1, 1947 to Jan. 15, 1948.
$1,000
balance
to
119,645
deques, (net)
income
;
NOTE-—For
$176,165
67,023
$345,223
67,023
mechanical reason* it is not always
arrange
companies in exact alphabetical
However, they are always ae near alphabetical
possible to
$3,243,445
$3,527,895
804,412
order.
requirmts.
1,061,111
position
as
possible.
Chrysler Corp.—Dodge Official Retires—
Central New York Power Corp.—Bank Loans—
The
corporation has
asked "the SEC for
borrow up to
$10,000,000 from banks during 1948. The notes will carry 2V\%' interest
and be due Dec. 31, 1950.
The proceeds will be used to finance the
company's construction and expansion program.—V. 166, p. 2416.
authority to
L.
L.
Colbert, President of the corporation's Dodge division, on
Dec.
31* announced
the
retirement
of
Dodge
Vice
President
and
Director, F. H. Akers, effective Dec. 31.—V. 167, p. 151.
Cincinnati Gas & Electric Co.—Stock at $22 a Share—
Central Ohio Light & Power Co.—Common Stock Of¬
fered—The company is offering to common stockholders
of record Jan. 5 the right to subscribe for 12,200 com¬
shares
(par $10)
the ratio
Rights expire
3 p.m. (EST) Feb. 2 and subscriptions are payable at
office of National City Bank of Cleveland.
at $24.50 per share in
of one new share for each 10 shares held.
In
order
that
stockholders
who
own
less
than
10
shares
each
be entitled.
than
12,200 shares are subscribed for by exer¬
cise of stockholders* preemptive rights, it is proposed that the number
shares
of
shares
so
Stockholders
of
additional shares.
The
and
tions
reimburse
to
Jan.
The rights
shares to
common
new
record
to
equal to the difference between 12,200 and the number of
subscribed, but in any event not more than 2,000 shares,
be offered to employees, officers and directors of the company for
purchase by them at $24.50 per share.
In
addition to the preemptive subscription rights stockholders of
record Jan. 5 will be given the further opportunity to subscribe at the
same
price for the balance of the 12,200 shares of common stock
not
issued to satisfy the exercise of preemptive rights or sold to
employees, officers and directors.
will
net
investment bankers
and security dealers on all shares of -common stock issued and sold
by the company pursuant to subscriptions by stockholders or their
assigns obtained for the company by such investment bankers and
security dealers. The company may also pay commissions, not exceed¬
ing 50 cents a share, to. employees who are instrumental in selling
The company will pay a fee of $1.25 per share to
shares of
the
common
stock.
V
REFUNDING—As
of Feb.
18, 1947 the company, refunded
outstanding $4,128,400 first mortgage bonds, series A, 3Vz%, due
1,
1974, by selling at 99%
$4,100,000 first mortgage bonds,
BOND
its
from treasury
funds of the additional cash required for principal and the redemption
premium. The bonds were sold to four.'large life insurance companies.
On Oct. 21, 1947, the company sold an additional $500,000 series B
bonds at 100 to Equitable Life Assurance Society of the United States.
The cash received by the company from, the salt of this additional
B,
27/a%,
due Feb.
1,
1977,
and
of series B. bonds was used in
the payment
part to reimburse the. treasury
its property;
plant.and.equipment and-to provide funds-with which to ^ pay Jo's
additions, to• be .made to. property,- plant and,equipment. ;
The* company has recently consummated an agreement to sell an
additional $500,000 principal amount of said series B bonds. :
'
the
company
Jor amounts expended; for additions to
15
have
the
expire Feb.
right to
subscribe
to
the
2.
proceeds from sale of the 204,000
part of its extensive property addi¬
treasury for funds which it already has
use
finance a
proposes
company
its
expended for this purpose.—V.
166, p. 2308.
Cincinnati New Orleans & Texas Pacific Ry.—Earns,
1947
1946
1945
1944
$3,094,116
1,175,584
592,434
$2,732,044
788,784
$2,273,337
710,704
355,899
$3,151,727
31,613,411
10,288,275
27,304,872' 31,007.560
35,195,364
November-
,
,
,
the event that less
1
The company has set $22 a share as the price at which common
stockholders may subscribe to one additional share for each 10 shares
held.
...
•:>
■-
may
participate in this offer, each stockholder will be entitled to purchase
one share
in lieu of any fraction of a share to which he may other¬
of
1,566,601
1
_
Net ry.: oper. income—
order
an
for
167, p. 151.
amount
From Jan. 1—
Gross from
V
$2,003,985
125,575
136,337
distribution
final
a
interest
Co.—Earnings—
155,883
income
div.
series
$193,232
from
Net ry.
'
Feb;
Canadian Pacific Lines in
Net from
$194,910
$1,543,108
1,093,080
_____
—V.
2,051,152
166, p. 2307.
1947—Aug.—11946
$1,926,398
Judge Edward A. Conger of the U. S.
District of New York, dated Jan. 8„
will be made to the holders of the out¬
standing debentures and the holders of other liquidated and approved
claims against the company, of a sum equal to the unpaid balance
of the principal amount of said debentures and other claims, together
1948,
Gross
from
Net
from
Net
ry.
railway....
railway..—.
income...
oper.
377,993
1,219,563
375,771
From Jan. 1—
Gross
from
Net
ry.
—V.
railway—.
railway.
from
Net
166,
6,582,025
10,456,059
14,018,329
3,509,055
5,645,373
income..
p. 2308.
oper.
3,959,678
4,511,502
V?
Cincinnati Street Ry.—Earnings—■
Revenue
Balance
—V.
10,614,118
$94,825
passengers
to
1947—11 Mos,—1946
1947—Month—1946
Period End. Nov. 30—
*83,744
Gross
$2,311,060
proceeds will be used to reimburse the treasury
for amounts expended for additions to property, plant and equipment.
Canadian Pacific Lines in Maine— -Earnings-
from
501,606
-
166, p. 2307.
November—
Net ry. oper;
$2,710,284
41,800
than Fed.
PURPOSE—The
Gross
$236,710
1947—Month—1946
operating income
Non-oper. income (net)
In
railway
Net from railway
from
to
Coflrt
District
the
Net
wise
Canadian National Lines in New England
August and September
{Revised.
above.
debentures
,■
company
operates 28 bottling plants
four in Canada and two in Cuba.—V. 166, p. 755.
Gross
Cr378
$195,482
Operating revenues
Operating expenses
mon
were the highest for any
Dry's history, he reported.
Increased
sales of carbonated beverages accounted for the bulk of this rise.
comparable
34,665
Central Maine Power
declared.
Deopx«e
9,169
Crl6,259
2658.
p.
Period End. Nov. 30—
Sales—Licensing Program Makes Rapid Start—
Sales of Canada Dry beverages by new licensee bottlers are already
well under way, though the Canada Dry program of expansion through
Moore, President,
764
Cr307
$237,282
41,800
of
distribution
Net
Ginger Ale, Inc.—Has Record Quarterly
—
(*)
Each
Pfd.
licensing
764
Cr20,367
—
—
Months
1947—Sept.—11946
$1,888,352
$1,921,473
118,178
90,144
Final Distribution to Debenture Holders—
$556,982
2100.
p.
disct.,
preferred stock
on
Int. & oth.
$509,632
-
Canada Dry
562,960
$1,627,453
i
preferred stock
■"
"o vVy;': • *
on
.
—:
$2,908,307
562,96 0
*See
per
Crl04,649
income
etc.,
debt
re¬
-
Interest,
$3,266,154
profit
391,300
the
rentals..
and
1,682,000
46,913
$264,592
46,913
debt.
for
Results
Sales
1,246,594
1,794,600
j
long-term
on
income)
Total
400,000
1,312,570
$284,080
245,986
>
deductions allowed
with
390,248
Cr67,477
1945—..—...
operating revenue.
Non-operating
254,771
412,252
415,845
income)
Provision
Refund
1,934,825
Cr53,830
2,321,533
Cr65,499
and
other
deductions, but excluding surplus adProvision for Federal income taxes is believed unnecessary
for tax purposes.
{Revised.
{Loss.
interest
of
Pursuant
Gross
Int.
Net
303,962
on
33,300
262,914 (
{
)
—
income taxes
55
$2,026,721 $17,824,835 $18,654;43l s
111,457
716,777
1,086,237
{65,559
1947—12 Mos.—1946
$4,281,939
_______
(other than Federal taxes
for depreciation——
Taxes
1946
$4,770,225
—-—
33,300
—
General taxes
Fed.
110,000
52
$1,370,365
profit
-ti946
1947—10 Mos.-
...
Sales and rentals)
*Net
depreciation—
of plant acquis.
Report)
1947-r-Month—tl946
restaurants
of
justments.
$1,249,123 $15,537,153 $13,469,130
563,829
7,448,828
5,982,429
105,000
1,315,000
1,258,500
605,102
prem. and expense
Other deductions
1947
Operating revenue
.Operation expenses and taxes:
"
Operating and -administration—
Gen. and eng. exps. chgd. to construe
1947—Month—1946
$1,348,980
~
for
Amortiz.
California Water Service Co.—Earnings—
12 Months Ended Nov. 30—
Number
because
expenses
Subs.)—Earnings—
Period End. Oct. 31—
14,1 IS1,604 167,213,796 112,342,841
648,860
7,565,782
5,624,419
165, p. 68.
Operating
(&
•
(Trustee's
$
*After
Central
Co.
Childs
1947—11 Mos.—1946
*Net
Period End. Nov. 30—
Net
Carr
166. p. 2100.
$6,478
Byron Jackson Co.—Earnings—
^
B.
s
—V.
.
166, p.
1947- -Month—1946
1946
$2,385
received—
Expenses
■
income
$594,927
.
Hearing on the petition for payment of two interest coupons on the
general mortgage bonds has been adjourned to Feb. 2
by the Federal
District Court in Newark, N. J.
Interest on the bonds has been in
default since 1939.
The petition asking that the trustee of the
road,
Caterpillar Tractor Co.- -Earnings—
Butte Copper & Zinc Co.—Earnings—
new
*9 Mos.
$182,438
726,009
per
Consolidated Biscuit
15,168,390 139,681,395 162,974,193
13,594,522
——
1,754,719
166, p. 2416.
Quarter Ended
■
36 Wks.
share....
shrs.
"Combines
$
—V.
*3 Mos.
outstadg..
profit
Capital
;
Sales
charges
taxes
Earnings
1947—12 Mos.—1946
1947—Month—1946
of
"Operating revenues
Sept. 6,'47 Sept. 30,'46
Sept. 6,'47 Sept. 30,'46
$3,522,844
$7,253,231 $14,519,194 $17,018,080
{354,438
812,620
417,431
2,692,406
Crl72,000
300,152
121,000
1,032,840
sales
Net
Period End. Dec. 31—
$2,354 020
$2,867,568
Co.—Earnings—
12 Wks.
Net
Chicago—December Sales Off 10.4%
Butler Brothers,
$671,943
deducts..
cost
Balance to com.
^rV. 166, p. 2100.
155.
p.
$726,837
2,020,781
Central Vermont Public Service Corp.—Earnings-—
Period Ended—
Earns,
8,753
Balance
2416.
p.
329,000
$25,330
518,460
$0.01
-
profit
$663,190
12,087
Period End. Nov. 30—
conting.
$127,522
reserve
Net
income
Divs. on
Profit after deprec., int.,
etc.
$714,750
1944,;,;
1945
$2,425,029
1,830,102
;
$2,683,971
income
Federal
78,000
166, p. 2555.
1946
$850,585
1946
$2,994,305
2,279,555
$5,475,677
revenues
income (net).—
oper,
Other
Co.—Earnings—
1947
953,662
211,934
215,193
125,000
—.
approp.
res.
$1,786,687 $21,846,092 $19,190,494
822,069
10,811,558
7,822,745
•
166,951
1,698,816
2,137,973
194,275
2,457,204
2,254,099
125,000
1,500,000
1,500,000
$2,041,003
——
income-
on
retir.
Net
$325,010$357,141
$4.64
$5.10
"
12 Months Ended Dec. 31
Oct. 31, '47
expenses—
Operating income
Non-operating income-
Appraisal
1947—12 Mos.—1946
1947—Month—1946
taxes
Net
3 Mos. End. Sept. 30—
Light Co.—Earnings—
&
$319,954
Divs. applicable to preferred stock for period..
$344,481
$5.30..
taxes
Prop,
$3,022,350
675,749
350,739
shares of $7 preferred
70,000
on
$2,959,868
555,615
211,134
$370;996
per pfd. .shr.__
Based
Fed.
CV18.764
—
Power
Period End. Nov. 30—
Other
purch..
on, bond.
"Earned
1944
12 Mos. End.
;
revenue.—
oper.
Total
Carolina
Operating revenues
Operating expenses
$2,596,554
oper.
Total
SUMMARY OF EARNINGS
,
.
Y
,
Gross
■
1945
,
of $104,000 first mortgage 4% bonds, series A, due Sept. 1,
have been called for redemption on March 1, next, at 106 and
Payment will be made at the office of Louisville & Nashville
Co., 71 Broadway, New York, N. Y.—V. 166, p. 266.
RR.
1'■
$2,813,858
598,381
227,385
charges—_
after
Ned.
1946
1947
:
,•
.
166, p. 2416.
total
1965,
(Excluding Bush House, Ltd., wholly owned subsidiary)
Rev. from rents & other
Agreement—
Co. below.—V.
interest.
"/
Bush Terminal Buildings Co.—Earnings—
Lease
Monday, January 19, 1948
Total
547,205
J
and
York Life Insurance
New
CHRONICLE
m"i"
A
from
from
See
FINANCIAL
Carolina, Clinchfield & Ohio Ry.—Partial Redemption
Prom Jan. 1—
liross
Net
Co.—Sale
Carnation
RR.—Earnings—
1947
&
surplus.—
11,195;548 119,306,385 121,394,586
$58,381
$644,299
$691,445
166, p. 2101.
City Investing Co.
6 Mos. End. Oct. 31—
(& Subs.)—Earnings—
,
'
1947
Profit before Federal taxes.
Net
income.^..——
Common
shares
Earnings
per
1946
$587,425
taxes—^—i.__——196,000
Federal income
$483,484
,
'
$391,425
—
outstanding—
common
,
169,484
*$314,000
960.000 '
'960,000
$0.37
share—..——
$0.29
♦Including $116,992 capital gain on sale of real estate after Federal
166, p. 1887.
tax thereon.—V.
\ *'■
Clarvan
Corp.,
.
Milwaukee,
'
•
••
•
•
••♦•** *••
•
Wis.— Stock
■
" *
.Offered—
Heronymus &. Co., Shebyogan, Wis., on Jan. 2 offered
shares of 5% cumulative preferred stock, at par
-615l
($100) ? of which 90 shares
writers.
*.
Proceeds will be
V; 166, p. 52; J 4
offered for accouht of under¬
used for ^working: capital.-*
'v'
-
-
-
;;
-
-''
Volume 167
Number 4665
THE COMMERCIAL
f
„
Clinton Industries,
Inc.—Secondary Offering—Smith,
Barney & Co., and Newhard, Cook & Co. on Jan. 13
made
in
secondary offering of 10,000 shares of capital
stock (par
$1) at $32Vz per share. Dealer's discount,
$1.10.—V. 167, p. 152.
Directors'
1947
1946
1945
£331,970
£409,721
900
900
900
239,465
227,965
on
temporary loan.
Admin,
and
etc.
gen„
3,515
for
depreciation
48,414
57,951
46,324
29,201
13,360
25,761
£42,598
£20,294
Colonial
£98,118
152.
Period End. Dec. 27—
1947—4 Wks.—1946
$13,378,587
166,
Colorado Milling & Elevator Co.
Operating
Earnings
per
tAfter
provision
of
$Aiter
company.
$100,000
for
of
$1,625,338
as
1887.
$4.62
Gross
Net
from
ry.
$194,966
63,142
income—
41,563
oper.
Prom Jan. 1—
■
Gross
—V.
Chemical
$138,943
38,768
48,627
21,614
19,303
1,333,897
1,551,473
402,153
447,661
547,313
374,337
233,155
212,963
319,889
(&
,
New
—V.
p.
167.
370,000
The
$1.42
43.
government-owned
produce
sold
to
channel
this
announced
The
of
by
Jan.
on
plant,
the
most
the
value
the
plant
in
wartime
$1,420,003,
the
Seagraves,
Texas,
program, has
rubber
War
Assets
has
been
under
It
cost
lease
the
of
land
site
of
236
to
the
carbon
$2,226,179
acres
has
and
is
company,
tlack
one
projects fostered
180
are
appraised
an
burner
houses
for
fair
carbon
17
processing buildings and 19 four-room frame homes.
gas supply line is 12»/2 miles of 20-inch
pipe conveying gas from
treater plant to the carbon black
plant. A railroad spur runs three
The
a
miles
from
track
at
Seagraves
the
to
site.—V.
the
166,
plant
includes
and
2359.
p.
feet
1,000
of
r
ment
Co.
of
This loan follows
nated
unsecured
maturity.
an
arrangement made
loans
One of these
Duncan
further
Credit
hits its stride,
controls by
The
an
announce¬
It is
dent
of
the
stated
when
in September for two subordi¬
other for $7,000,000
with the Mutual
(
that
the
automobile
demand
and
of possible
directors
it
company,
Chairman.
V.
Mr.
for.; its .services
other
hard
renewal of
goods
some
had
-
companies,
-
ended
was
elected
announced
will
E.
L.
Grimes
Dec.
on
continues
of
of
the
Edison
of
his
:
Re¬
a
year
past
four
credit
ago.
other
29
Following
weeks
and
Edison
by
A.
Comptroller.—
the
are
Co.
E.
and
utilities,
increase
percentage
Duncan,
which
comparisons
the
week
output
the
Jan. 3—_
a
Commonwealth
this
640,427
1947,
as
% Inc.
205,501,000.
the
of
Steam
(
6.9
214,968,000'
output
to
week
224,480,000
with
electric
show
ended
or
energy
general
Jan.
296,45'3,451
30,156,976,
Period End. Nov. 30—
$
Prov.
business
of
6.9
depreciation-
of
plant
,,adjustments
General taxes
conditions
1948, amounted
the corresponding
for
to
of
326,-
week
in
ACCOUNT
1946
oh
of
12,288,986
1,981,333
__,
Ariid'rtiz.
prem.
Divs.
on
Minority
i.
Net
of
debt
and
128.340,226
23,673,149
368,438
a
income
4,281,750
4,811,229
19,134,579
26,915,547
.
54,881,719
4, 834,782
17, 222,343
27,1 307,253
54,401,794
1,230,123
1,133,013
13,819,037
13,636,512
63,545
62,394
769,091
791,059
disct.,
Cr28,405
int.—
i:_—
8,619
Cr34,287
703,340
___
NOTE—Consolidated
priation
4,526,125?
\
V
debt
pfd. stk. of sub.
stkhldrs
&
the
; V
■
to
State
of
next,
3%%
the
or,
out
of
bonds,
will be made
Payment
Mass.,
Savings
the
at
260,
for
for
the
the
705,685
102,813
8,458,012
kwh.,
week
compared
last
of
2,027,046
279,531
2,155,291
ftleft
to,, general-. reseiJve
income
for
2,798,704
is
stated
investments
29,842,821
before
which
30,366,642
deducting appro¬
being provided
is
pro-;
executive
1,
1947,
If
of
Labor
Statistics
compensation
iigure
of
above
210
averages
the
last 12 weeks of any contract
suceedlng contract year then
of an inflation adjustment at the
index figure averages at least 260
next
the
contract
any
be
of
increased
then
year,
the
at
rate
his
of
basic
salary for
$50,000
a
year.—
(& Subs.)—Earnings—
—16 Weeks Ended—
Oct. 5,'46
Oct. 11,'47 Oct. 5,'46
$15,597,878 $16,200,676 $46,657,831]
charges—
*15,704
1,003,420
*2,496,1061
NOT
Sales
Fed.
after
taxes
tax
476,189
credit
months
Proceeds of the
&
year,
$163,304
$527,231
$1,486,058
2,634,708
2,637,108
2,634,708
share—
$0.03
$0.18
$0.48
>
com.
•Includes
$199,657
for
reserve
contingencies
issue
be
would
to
Coty International Corp.
CONSOLIDATED
EARNINGS
(&
FOR
JUNE
Gross profit,
used
to
Subs.)—Earnings—
THE
[France]
A.
and
SIX
MONTHS
other
Provision
for
doubtful
heavy
plant
1947
1946
$40,997,477
$38,866,908
14,502,347
11,332,420
revenues
1,236,479
953,782
$56,736,303
$1,659,088
1,063,615
a
13,519
accounts—
1,695'
profit
income
—
income—
20,068
5,009,601
'__
8,618
236,702
766
v','
V.
$354,241
$0.23
-.'R. •
'
' '■
Cowles Co., Inc., Cayuga, N. Y.—Files with
SEC—
:■
company
_■
Jan.'
on
R'.
13
filed
letter
a
for
5,COO ^shares of capital stock
share without underwriting.
Of
(par
offered
Jan.
for
6,714,319
to
each
stockholders
three
record
of
of
notification
13
ratio
in
shares
held.
Rights expire
capital.—V. 166, p. 1992.
for working
Cream
$9,964,171
591,420
$8,389,232
1,790,292
Capital
$4.65
$5.14
share
Earnings
1
Feb.
of
share
per
Net
before
Dec. 14,'46
Federal
Net
income
taxes—
$75,714,253
$49,748,128
2,481,042
•Based
867,492
on
$1,625,565
$3,177,152
$759,732
$1.78
$3.55
1947—9 Mos.—1946
$381,209
$613,549
600,000
600,000
$0.64
$1.02
$0.15
FOR
taxes.
12
MONTHS
ENDED
SEPT.
charges
and
Federal
Net
$1.61
166,
sales
shares.—V.
Loss
before
carry-back
Net
sales.
Profit
after
•Income
1,109,160
——.x—
profit
shrs.
1946
$17,700,146
2,800,602
1,738,133
2,100,452
$907,495
—
—
$1,422,108
$700,150
370,361
—
outstdg
•After
1945
$21,701,691 $22,733,863
_,—_—2,016,655
3,160,241
charges—
—
5,570,000
——
for
postwar
conversion—_
13,976,278
940,28-7
,
$465,315
shares
•Earnings
Inc.—-Earnings—-
-
taxes, etc
credits—!——
credit
res.,
1946
$130,000,000 $88,320,320
58,828,994
50,759,141
6,975,602
8,824,635
167, p. 152.
1947
——
1947
—
special
from
Earnings—
—
tUi.
1577.
p.
.
orders, Sept. 30_:
Transfer
1945
$965,911
$2.15
taxes.—V.
9 Months Ended Sept. 30—
Unfilled
30
1946
$1,289,516
$2.09
$0.79
,_
;
$1,252,188
Tax
1—
share
common
per
1,721,310
_
profit--—
•Earned
be
,
600,000
$0.22
Earnings per share
Dec. 13,'45
$62,467,468
taxes—,-hv1(5,127,189
—j Not stated
(1,950,037
income
will
$130,555
Curtiss-Wright Corp. (& Subs.)
Dec. 13,'47
Federal
shares
new
Proceeds
600,000
Federal
EARNINGS
Corp.—Earnings—
I-
SEC
$87,736
—
charges and
•After
sales
Net
two
20.
1947—3 Mos.—1946
outstdg—
♦Net profit
166, p. 2102.
Consolidated Grocers
the
Earnings per
•Includes
common
provision
items.—V.. 167,
share
367,361
The
outstanding™_________—.___
class
A
Nil
dividends,
loss for the
tProfit.
quarter ended Sept. 30, 1947
tax credit of $570,000 under carry-back
$223,478 after
was
provisions of the
and transfer of $274,776 from the reserve for
postwar
out of prior years' income to cover identifiable
related
166,
to
the
effort.
war
Net
sales
amounted
tax
reconversion
postwar
directly
—V.
$0.46
■
'.
created
362,361
t$5,151,643
7,432,039
7,432,039
share.
per common
net
applying
law
for
$2.21
bonuses
and
sundry
$3.68
to
costs
$20,141,541.
2417.
p.
other
deferred
$1.76
•
.
Dana Corp.
expense
152,
p.
Three
Net
Consumers Power
Gross
revenue
Co.—Earnings—
for
1947—Month—1943
plant
Gross
Int.
on
3,817,049
3,048,535
40,921,031
30,272,650
629,750
587,792
7,515,041
6,878,750
_—
prem.
income
Other
of
debt
and
8,762
235,049
315,385
920,429
1,002,354
3,828,198
7,921,602
$1,415,880
346,413
debt-
disct.,
on
$1,529,840 $17,770,118
on
—
sales
for Federal
possible
8,027,549
for
$1,057,593
per
445,170
447,648
tBased
3,030
Crl61,469
177,412
in
:
205,420
$996,092 $11,439,901
$10,856,673
166, p. 2417.
of
America—Plans New
August,
duction,
plant to produce corrugated shipping containers in Muskogee,
wi',1 enable this corporation to improve its service to present
and to meet the growing demands of industrial
activity in
northeast
Oklahoma
and
the
surrounding
area,
according
to
an
soon
announcement by Ira C. •
Keller, Vice-President in charge of the cor¬
poration's southwest, eastern and Pacific Coast properties.
With approximately 25,000
square feet of floor space, the new building
will be
erected
through the cooperation of the Mirkogee Industrial
on
a
site
now
under
consideration.—V.
166,
p.
:
1947.
production
Sept.
1,
reversed
wa3
Diamond
Fibre
and
depreciation
Depreciation for
therefor.
$11 y2
44.
per
share.
Dealer's
discount,
60
a
used
now
date
from
the
acquired for war
in peacetime pro¬
of
quarter
166,
<
acquisition
ended
p.
ager,
and Edgar
Fogg, President.
had
V.
been
163, p.
in
recently
W.
Harris
Mr.
charge
appointed
'
Gill
of
as
Director
had been
sales
to
the
of
Sales,
Director
sugar
Gill
M.
as
according
for
'
1026.
De Vilbiss
to
Mr.
some
11
i
Man¬
..
General
Sales and
of
industry
30,
*
.•
AppointmentsLouis
was
Nov.
1353.
.
corporation
Isaac,
Hafris
years,-4
,r.
Co.—Earnings—
(Including Wholly-Owned Subsidiary)
1887.
Co.—Secondary Offering
,">,■]
Darco Corp.—New Executive
Profit
—Hayden, Stone & Co. on Jan. 12 made
offering of 20,000 shares of capital stock
p.
t$0.80
/
certificates of necessity,
under
Period End, Sept. 30—
Continental
$1,293,318
900,000
amortization of facilities
1947,
includes $319,096 due to this change.—V.
1947,
Plant—
customers
Foundation
____
share—
depreciation of $770,424 in 1947 and $358,270 in 1946?
1,500,000 shares, giving effect to 66%% stock dividend paid
on
new
Okla.,
$2,516,369
1,500,000
$1.61
outstanding,
common
800,000
.
$1,201,512 $13,905,095 $13,321,868
205,420
2,465,193
2,465,195
$852,173
Corp.
on income
(est.)—1,945,000
inventory decline,—
225,000
•Includes
pfd. stock
Container
A
$29,879,801 $20,282,799
24,372,098
17,583,062
821,333
606,419
—
shares
Earnings
$17,323,134
3,476,205
21,709
47,975
taxes
future
Profit
Common
3,581,321
1946
18,729
54,040
———-
Prov.
substituted
—V.
1947
investmentS_LV—V——
income
of
37,355
36,355
024,481
-
—;—
income
•
purchases, int. and other inc. (net)—
Total
•Cost
287,943
.
a'v
Nov.
Administrative and general expenses,
1
expense—
deductions
j
Subs.)—$arnings$29,807^032 $20,2~13~i'l5'
from
3,474,264
taxes—j
(&
Ended
Provision
25,000
long-term
Disct.
$78,191,038 $66,291,732
acquis.
_)
income
Amortiz.
1947—12 Mos.—1946
$6,177,283
depreciation-
of
Months
sales
Dividends
$6,808,108
—
•
Corp.—Earnings—
'
_f.
shrs.
3,380,686
$7,174,906
—
Wheat
profit
$10,555,592
$6,598,940
of
Period End. Sept. 30—
•After
24 Weeks Ended—
with
r
$5), to be offered at $30 per
total, 4,000 shares are to be
the
1947
—V.
$600,327
.—
deductions
Net profit——
!—:
Earnings per share (1,537,425 shares).
—v. 166, p. 948.
4,904,007
$7,838,738
deductions
.____
for foreign income taxes
Minority interest
29,570,613
amortization
common
$580,259
—
$51,153,110
35,813,1^4
;
income
per
in
Europe)
after cost of goods sold___
Operating
Other
ENDED
subsidiaries
new
off bank
pay
its
of
500,494
income
$0.58
income.—.
1947
30,
Selling, general and administrative expenses-——
Depreciation
l
The
income
Net
2,637,108
to
166, p. 1577.
an
to market
$40,600,000
finance
income
Total
restored
$1,656,562
Provision
bring
may
to
income
Gross
STATED
—
$30,000,000
company
has incurred
program.—V. 167, p. 152.
operating
1,010,048J
Crl47,600
outstand.___
per
V.
(net)—
income
shs.
Earn,
Other
banking circles that company
several
—9 Months Ended—
Oct. 11,'47
-
.
8,019,770
Other
391,510
8,936,539
157,857
mem¬
Into
payment
year.
weeks
shall
Bureau
allow McCollum
commodities" Index
Corning Glass Works
option
Street
Trust
Co.,
City of New York,
bank, Chicago, Id.
216,100,000
corresponding
.
the
Depreciation
21, 964,796
3,928,900(
board
an
2102.
Period—
99, 968.564
1,848,665
373,909
expense
deductions
a
12
year
166, p.
The
.
subsidiaries
Other
Trust
15,
mortgage
interest,
Bank
amcunted
Balance
9,570.841
3,720,646
—
long-term
Feb.
Taxes
Divs.
acquis.
___.
income
than
by
the
will
"all
salary
$25,000
last
Net
Redemption—
1947—12 Mos.—1946
•
Gross
of
the
the* next
V.
less
basic
increased
NOTE—On
20,528,073 257,471,346 225, 699,532
Fed. income taxes.
Int.
Bank
announced
adjustments
11.8
subsidiaries
8,
of
entered
York
Boston,
Total operating revenues
Operating expenses
Amort.
$
22,656,624
expenses
for
Amort.
His
be
rate
for
10.17%.
1947—Month
Gross revenue
Operating
but
more,
used
Prov.
Corp.—Weekly Output—
of
CONSOLIDATED INCOME
;
,
Harris
for
•
in
heating
Net
;
of New
shares of common stock.
City
Y.f
and
kwh.
Operating expenses
5.1
199,402,000
Southern
adjusted
compared
increase
an
&
kilowatt-hour
corporation
or
year.
by
computed
as
salary
(Excluding Coty S.
General taxes
territory served for
the
Profit
been
11 Months Ended Nov. 30—Electric operating revenues
Gas operating revenues
Federal
of
Labor,
if
Income
has
agencies:
National
Period End. Nov. 30—
Year Ago
240,397,000
13.
—V, 167, p. 152.
weekly
of
Consolidated Gas, Electric Light & Power Co. of Bait.
previous
216,068,000
213,216,000
240,033,000
_
The
prices
Department
basic
the
totals
Corresponding
Week
was
-
corresponding
with
number
50,000
the
(& Subs.)—Earnings—
Com.
associated
for
the
over
kilowatthour
This Year
Dec. 27
Dec.
and
9 Mos. Ended Sept. 30—
Presi¬
as
duties
electric
5.1%
Week Ended
Dec. 20
the
contract
a
The
the
Common
Vice
a
.i..'.
year:
tails
;
Co.—Weekly Output—
Commonwealth
excluding sales to
3, 1948 showed a
Jan.
period
103
trustee,
following
and
5.6%.-
rumored
Net
Commonwealth
—
N.
Co.—Partial
Consolidated Retail Stores,
recently
Grimes
output
attend
Financing Rumored—
production
consumer
165, p. 2663.
Electricity
York,
New
National
The
at
electricity
the next
mortgage bonds.
$25,000,000 at 3% with a 10-year
for $18,000,000 with the
Metropolitan Life
was
irrespective
of
of
Earnings
Congressional action.-
board
of
during
New Vice-President—
3
Co.,
Power
Chase
generated
Operating
quired company to expand its
borrowings to approximately $300,000,000
before Nov. 1, 1947—the date upon which the war-time
consumer credit
restriction Regulation W was removed.
It would appear,
according: to
Mr.
Duncan, that full employment of its resources was in prospect for
Commerc al
will
date
aggregating
Insurance Co., New York, and the
Life Insurance Co. of New York.
Mr.
Suisse
to
1957.
wholesale
•Net
>
i
America, according to
by A. E. Duncan, Chairman.
made
Credit
switch
Commercial Credit Co.—$50,000,000 Loan Placed Pri¬
vately—On Jan. 12, company consummated a 3% 15year unsecured loan of $50,000,000 with the Prudential
Insurance
the
The
204,600,000
New
been
Administration,
6.
which
completely equipped
Spanish banks,
Primary Court of
meeting of share¬
the
general
increased
that
In
year.
up
30,
Total
built
$1,779,679.
a
black,
for
for
Government.
of
On
black
company
black
and
company on Jan. 14
expansion
Co.—Buys Gov't-Owned Plant—
carbon
and
certain
to
On
at
addition
he
has
been
granted
an
option to
common
shares, which option will expire on
price to be paid for the optioned shares will be
the
average
closing price on the Stock
Exchange for a period of
10 trading days
preceding Dec. 1, 1947.
The company also agrees,
under certain
conditions, to pay McCollum $35,000 a year from Dec.
1, 1957, until his death.
An inflation
adjustment provision in the
contract, predicated upon the "all commodities" Index figure of the
a
purchase
shall
that System output of
electricity
purchased) for the week ended Jan. lx,
19*x8, amounted to 240,300,000 kwh., compared with 217,900,000 kwh.
for
the
corresponding week of 1947, an increase of 10.3%.
Local
622,782
;
share
Columbian Carbon
A
at
Mass.;
(electricity
leans
to
which
directors
12.
employment of Leonard F. McCollum In
managerial capacity for 10 years,
beginning Dec.
Continental
965,0C0
638.352
$0.46
outstanding..—
common
agent
York, N. Y.,
166, p. 2417.
—V.
$1,540,000
•
per
Trust
River
holders,
increase
$630,000
___
proiit
shares
&
Co.,
the
Sept. 27,'47 Sept. 28,'46
profit—
Earnings
applied
ordinary
company has called
for redemption on
monies in the sinking
fund, $387,000 of first
with
Subs.)—Earnings—
13 Weeks Ended—
Net
Bank
transfer
distribution
Common
to
Consolidated Edison Co. of New York,
Inc.—Output—
1,256,736
Corp.
Luxembourg
an
Sofina
27.
Luxembourg,
1947,
from
the
22,967
787,985
Columbia Pictures
Jan.
in
The
1
166, p. 2303.
Operating
19,
13
Com.
Boston,
1944
1,863,735
income—.
oper.
1945
$120,493
,
railway
railway
from
ry.
20.
transferred.
registrar fcr the company's 5,000,000
of
$145,478
52,533
■' 'v.
from
Net
Net
in
convene
series A, due Feb. 15, 1961,
the Old Colony Trust
1946
railway
railway______
from
Net
1947
•
.
meeting
(Sodec)
were
shareholders,
to
held
"Chade"
at
Colorado & Wyoming Ry.—Earnings—
November—
d'Eiectricite
of
the
Connecticut
assumed
;
-
Jan.
331,713
The
by the
contingencies.—V. 166,
for
be
appointed
risks
insurance
than
Cone Mills Corp.—Transfer
Agent and Registrar—
$4.45
$150,000
later
not
previously taken to protect their assets.
Guaranty Trust Co., as depository for tne shares for this meet¬
will provide proxies and accept those executed to be voted at the
meeting in Madrid.—V. 166, p. 1887.
405,689
provision
Nov.
to
and
The
$3,124,026
share———
On
bers
ing,
1946
outstanding
Continental Oil Co.—Options Granted—
,
measures
tl,860,89(1
commcn
to
Madrid
to
1947
;
profit
Common shares
in
$3,256,933
Net
York
5
impair
Higher—
(& Subs.)—Earnings
profit—
New
meeting through their representatives, in an endeavor to protect
interest of all shareholders and prevent any action that would
$159,509,376 $126,555,327
6 Months End. Nov. 30—
assets
"Chade"
are
Claims
2556.
p.
Societe
the
Subsequent
which
1947—52 Wks.—1946
$12,611,930
of
request
holders
Stores, Inc.—Current Sales 6.1%
are
Trust
meeting
re-established
'
Sales
p.
Guaranty
is being made in order tnat the snares may be vooed at
called for Jan. 27 in Madrid, Spain.
As
the
two
largest holders of blocks of stock in the company,
Sofina and Credit Suisse took measures to
protect shareholders from
the aribtrary
effects of the Spanish decree of July
17, 1947.
They
•Including intangible drilling expenditure on producing fields amount¬
1947 and £34,528 .in
1946, £29,917 in 1945, £27,030 in
ing to £20,365 in
1944.—V. 167, p.
—V.
being urged by Sofina of Brussels, Bel¬
Zurich, Switzerland, to deposit their shares
a
56,977
£30,8&'3
___
shareholders
Co.
the
company
Profit
corpora¬
Nov.
American
R
-
58,512
and
effective
the
with
exps.,
___________
Prov.
261,674-
of
$125,000
The
269,657
subsidiary)
annum
gium, and Credit Suisse of
•Drill, produc., and field
Int.
the
(249)
Compania Hispano-Americana de Electricidad("Chade")
—Stockholders Asked to Give Proxies to Sofina and
1944
£382,787
900
expenses
CHRONICLE
'
Credit Suisse—
£459,794
_
fees^—
FINANCIAL
viding for
Co., Ltd.—Earnings—
3 Mos. End. June 30—
Total income
&
4
_
consolidated accounts of The Southern Co.
(a
its subsidiary companies
£t the rate of $2,000,000 per
Sept. 1, 1947 and before dividends on preferred stock
tion.—V. 167, p. 153.
a
Colon Development
*
f
after
Federal
,
charges—)
income
taxes.
5—j
1947—9 Mos.—1946 '
1947_3 Mos.
1947—3 Mos.—1946
NOT
($917,064
AVAILABLE
j. 355,600
555,069
$561,464
$660,809;
300.000
300.000
$1,215,869
secondary
(par $5) at
cents.—V. 167,
Net
income
Capital
i
-ja*
$85,862
shares outstdg.300,000
Earnings
—V.
___
per
share——<,
165, p. 205.
$0.29
$£61,514
a
_
306,000 "-"
$0.8f ~
•
r.lv
$1-87
$2.14
€
(250)
THE COMMERCIAL
Decea Records, Inc. {&
987,903
$1,067,148
<
426,859
,
$1,345,227
776,650
388,325
$1.44
*$1.73
,
.
on
776,650
Nov.
proved
$2,334,130
'';
Insurance Companies—
1945
$1,116,483
_
outstaiidlng—__—.,_
share-.
per
•Based
_
—
—
shares
Earnings
$1,860;805
744,322
.•___—
1946
The
stockholders
their
at
highest annual dividend paid from sources exclusive of security profits
since- organization
of the Fund.
On Dec. 31, 1947, 82$% of the Fund was invested in common stocks,
10.3% iri preferred stocks,, while 7.'5% was invested in U. S. Govern¬
•
oh March 15,'
meeting to be, held
annual
*
•
.
ment
will be asked to approve an increase in the company's authorized long-'
indebtedness from $7,500,000 to $12,500,000, according to proxy
statement mailed Jan. 13 to stockholders of the company. - "
shares
1946.-*-V.
6,
reflect
to
166,
the
$640,289
388,325
Delaware
Such
*$0.82
stock
two-for-one
split
3%%
of
ap¬
approval
will
permit
negotiable promissory
America
and
the
the
company
to
borrow
$12,500,000
on
company
Lackawanna
has,acquired
York,
always
Chicago
the
of
had
&
Operating
Operation
Mutual
&
substantial
a
St.
Louis
RR.
Lackawanna,
been
close*
a
(Nickel
White
added
that
a
relationship
of
merger
always had been looked? upon as- "a
advantages to both roads and tne, public.
secure
substantial
a
stance
to.
roads
desirable
steps,
and
in
RESULTS
the
position
short
the
to
of
FOR
from
and
Nickel
looking
the
in
first
beneficial
Net
from
Net
ry.
—V.
merger!"
MONTHS
ELEVEN
"
railway—.
income-.
This
1946
1945'
1944
Dec.
$6,306,167
$5,530,665
1,073,026
$6,557,187
2,020,469
close
1,401,798
756,301
^559,777
861*318
63.329.740
66,975,058
9,576,271
13,985,347
20,445,543
7,453,525
-
4,173,120
4,539,606
5,624,438
_
Edison
Co.
(& Subs.)—Earnings—
'
,
'
Gross
31,
1947,
tax
by
it
increase
Net
of
-V
•'
;
'
$'
and
surtax
1,;
V-
preferred
than
Net
Duval Texas Sulphur
after
and
figures
23,172 holders of
5,934 holders
201,032
68,322
45,283
$3,519,225
Net
profit
Capital
*
4*187,000
$232,486
shs.
Earnings
outstarid-
After
500,000
share—
per
,
$255,749'
500,000
*
1,288-,666
,
deducting $55,000 Federal
:
Other
income
from
income
Gross
utility operations—-.
;
—
corporate income _!
Deductions
from
15,663,142
:____■
500,000
<*
i
$2.10
$2.30
?,1
p..-
15,237,621
190,207
523,177
15,853,349
_________
15,760,793
5,872,865
income
5,229,213
DWG Cigar
Net
.income
10,624,136
•Restated.—V.
167, p.
after
Federal
9,887,933
Sept. 30—
1946/; r J
1945
$1;032,01L^ $1,021*788 f $$92,071
397,000—
^ 392(000J'•'<V '283,006
taxes
Detroit Steel Corp.—Sells Cleveland Plant—Expan¬
sion and Modernization Of Properties Under
Way—
A joint announcement was made on Jan. 12
by this corporation and
Ihte Reliance Electric &
Engineering Co., electric motor manufacturers
in Cleveland, Ohio, of the sale to the latter of the land and
buildings
at 1170 Ivanhoe Road, Cleveland,
occupied for the past ten years ;xs
steel
a
warehouse
and
Cleveland, branch.
The
property
and
at
New
distributing plant by
''
...
the
Detroit
Steel
■',%*%%%?;/:./*:/,
,-^v
The
■eastside
offices
Steel
For
to
also
Cleveland.
of
area
Ivanhoe Road,
on
Its
short
a
main
.property.
Detroit
Corp.
also
announces
that,
from
as
the
$0.80
12 Montths Ended Nov.
Total
consolidated
Provision
and
Interest
debt
and
step
in
30—
-J■''
taxes
depletion
income
As
its
on
Balance applicable
Earned
—V.
share
per
166,
to 6%
4%*%
prior pref. stk!
of
preferred stock
6%
vV
p. -2418.
Net
So
that Detroit
the
least
of
occupancy
embrace
Both
Ivanhoe
and
The
will
166,
until
the
during
the
its
Eastern Stainless Steel Corp.
Cleveland-customers
plant
new
Reliance
is
to
company
transfer
period
ready,
9 Months Ended Sept. 3C—
share
which
$18.20
$11.03
the
purchaser
involves
existing
be
only
emphasize
the
processing
moved
to
Detroit
the
fact
Profit
and buildings at 1170
equipment, supplemented by
Corp.'s
new
Net
after
Profit
r''
.
.
charges
:"l9'47
*Loss.
which
1946
share
common
tlncome
taxes
of
now
$319,025
5,457,520
profit
$1,359,522
$225,986
421,259
421,259
$3.23
$0.54
$3.18
Operating revenues
Maintenance
For
the quarter ended Sept. 30, 1947, the net profit after-taxes and
charges amounted to $518,073 and was equivalent to $1.23 per share.
The net profit for the quarter ended Sept.
30, 1946 was $264 241 and
equal to $0.63 per share.—V. 167 p. 153.
Diana Stores Corp. (& Subs.)
Quarter End. Oct. 31—
Net
sales
•Net
income
Number
Earned
of
per
•After
shares.
share.
com.
charges
two-for-ofte
and
stock
December
Period End. Dec. 31-*fiales
166,
p.
$3,395,741
$1,853,233
Gross
222,223
96,559
848,964
403,430
f393,428
$0.29
$0.55
-
taxes,
tGiving
effect
to
Misc.
and
Preferred
B.
Higher—
shares
•After
$1,515,058
6,893,596
$6,039,957
and
166, p.
V.
1946
1945
$1,416,959;
$1,444,677
$932,696
202,666
202;666
$4.79
$4.92
202,666
$2.40
share
Federal
taxes,
tAfter
class
A
dividend
require-
464.
Doehler-Jarvis Corp.—Earnings—
Period End."Sept. 30—
Net
sales
1947—3 Mos.—1946
$171,057
$ 129,502
$2)013,937
30,370
34,942
2,784
1,625
$137,902
$92,934
;
&
E.
Applicable
165,
p.
$2,249,528
1,434,855
1,494,855
.—".'V'1*
&
p.
$1.50
Light Corp.—Weekly Input—
Jan.
8,
over
the
1948
amounted
15.9%
or
166,
$5.23
758.
input of subsidiaries
kwh.,
an
increase of
System
61,203,000
to
the corresponding week in 1947.—-V. 167,
V
!:
ry.
1944
1945
1947
1946
railway-
$3,3-20,829
railway-
1,082,395
$2,682,528
% 929,513
from
428,391
income.
oper.
*
:
$2,299,648
$3,043,843
778,767
1,149,665
298,939*
• 404;40J..
578,768
•
35,151,952
ry.
29,118.241
31.861,956
5,053,314
1,183,913
^ 6,936,656
8,313.66^
5,311,820
income f__
oper.
166,
__
24/238.517
12,699,687
from
Elk
'
In
the
$2,609,743
359,220
5,015,692
2,784,612'
2309.
p.
*
$2,968,964
741,916
to minority interest:
____.
handed
opinion
Circuit
The
77,652
$1,545,808
22,759
Corp.—Previous
Purchases by
Stock
Court
down
Ohio
of
by
the
County;
Hon.
West
J.
;
BrennUn, Judge of
the case of this
H.
Virginia,
ih
decision
is
result
a
of
suit
a
brought
three
by
stockholders'
against
the attorneys for the receivers.
Stockholders
charged that while acting in a fiduciary capacity, as attorneys for
the receivers, it was improper for the attorneys for the receivers to
purchase assets in which the receivei'ship estate was substantially
interested.
\
' v
The
.stockholder committees were organized
by Morris Cohon, of
Morris Cohon
& Co.,
investment brokers, New York City, and were
$1,784,917
77,652
an
committees"
-
$1,623,460
Coal
Horn
corporation, the Court declared void previous purchases of voting trust
certificates for 9&,000 shares of the company's stock by Arthur and
Patrick D. Kooritz as Counsel for the receivers.
The Court ruled that
the stock should be held for the benefit of the receivership estate, 'v.
$2,227,048
'375,294'
'422.243
<1- 15,193^ - .. 19,888
Co.
E.
to
U.
A.___
$1,707;265
24,431
$1,523,048
the law firms of Crisona Brothers, New York City, and
Jackson, Kelly,
The
.
from
$1,682,834
its.
Utility Associates-—
Earnings of subsid. cos. applic.
(as
ahove)
Non-subsidiary
'"r-
'
;
to
E.
U. A.
_/_:%%
income-
Total
il
Expenses, taxes and interest.——
166,
Elk
Morrison and Moxley, Charlestan, W. Va.
Coal Corp. owns over 200,000 acres of coal land
Horn
in-
West Virginia.
Its direct mining operations produce
two million tons of coal a year and, in addition, some of
leased to** others for operations which produce from two
2
'
—
••• ;
•;
land
to
is
There arc 315,200 shares of
$1,523,048
$1,682,834
% f 263,350 •
236,241
common
Eaton
&
Howard
Balanced
.
Fund—Net
V.
$1,764,902
Asset
and
the
shares
98,000
assets
Net
of
this
Fund
;
on
Value
*Net
Corp.—Earnings-
31,
1947,
as
profit
shares
Earnings
shown in the annual
per
—V.
$31,408,228, equivalent to. $23.73 a share on 1,323,703
shares, as compared with $25,816,223 on Dec. 31, 1946,
equivalent to $25.43 cn the 1,015,128 shares then outstanding.
Dividends paid during 1947 totaled $1 a share;, the highest annual
dividend paid from sources exclusive of security profits since organiza¬
were
166,
p.
$2,286,274
329,919
$5,489,834
567,500
:
567,500
$0.58
$1.46
outstandings—
common
1477.
-
9 Mos.
3 Mos.
—__—
Common
/
Dec.
-
•
represent
166, p. 1888.
Empire Millwork
,
Per Share Lower—
v.
stock outstanding at the present
practical working control, Mr.
He declared that stockholders
•Cohon said.
represented by him are
demanding that the receivers and their counsel be removed; that a
stockholders'
meeting be held and that new directors be elected.—Jtime
$1,786,399
$1,919,074
170,438154,173
$1,615,961
i
and a half to three million tons per year.
2660.
p.
one
Period Ended Sept. 30,1947—
report,
206.
1,865,063
Kentucky'and
—
charges,—V.
384,465
7,816,946
-.1,3—_
Counsel for Receivers Ruled Improper—
:
•
1946
$136,356,000 $38,543,206'
—
ended
railwayfrom railway-
1S47—9 Mos.—1946
profit
•After taxes arid
726,840
Balance
—V.
$14,799,226 $12,041,299 $47,026,723 $30,591,670
1,650,795
1,512,375
5,903,109
3,126,485
Capital shares outstdg,_
1,042,644
1,042,644
1,042,644
1,042,644'
Earxiings per share-____,
$1.58
$1.45
$5.66
$3.00
"NeJ
$2,740,777
61,879
dividend deductions:
G.
Balance
.
$191,381
Eastern
1947
outsta.nding_______
common
charges
ments.—'V.
522,244
60,308
——_
,
1947
—
Power
corporation
represented by
■
1947—5 Mos.—1946
(& Subs.)—Earnings—
12 Mos. Ended Sept. 30—
•Net' profit _________
tEarnings per
38,337
$231,365
____________
Applicable
Common
$2,218,532
51,813
amortiz.—
deductions
Balance
the
\
>'
income
ACCOUNT
From Jan. 1—
—V.
$0.24
.
.
and an
J
" '•
*$7,816,946
Net
)
...
-
Dixie Cup Co.
$153,043
accruals—
res.
Interest
.
$1,907,901
2418'.
$3,125,027
246,899
1947—Month—1946
____^
—V.
/
25.0%
Net
%
7,622,370
562,387
-1,889','304
9)138,565
^554;,145
1,931;778
$179,552
—_—
;
V
that the Electric
purchase the sur-
agreed
obligat'on to
any
30—
November-
1944
income
split-up.-
Retirmt.
1945
$0.30
Sales
Balance
1946
866,856
Federal
152,035
Net operating revs.__.
Non-oper. income (net)
i
Earnings
1947
$3,667,928
256,138
—
Taxes
r
outstanding-^—
week
the
Gross
1947—12 Mos.—1946
736,480
47,739
178;678
51,185
______
$10,500,000
of
•>
,.
$1,115,941 $13,843,021 $12,683,804
$1,210,610
827,838
____
Operation
<
Elgin Joliet & Eastern Ry.—Earnings—
$162,843
Eastern Utilities Associates (& Subs.) —Earnings—
$1,342,102
421,259
has
WAA
of
153.'
p.
$4.50
stock by Industrial Steels, Inc.,
subsidiary.—^V.^166, p. 758.
>
:
■
1947—Month—1946
disposal,
relieved
share.JiiVw-v---^-
Net
$6,799,622
93,039
Capital shares outstanding—^....
share,...—___________
%%
^Includes
company.
the
be
charges
credit
8,407,000 kwh.,
Steel Co.
wholly-oWned
a
of
to
tax
per
this
Gross
833,256
Earnings per
subsidiary
of Eastern Stainless
is
:i'
!
approximately 205 acres of land and
are
972,000
.
Nil
_____—___
is
shares
Net' from
Period End. Oct. 31—
Net
t&7,000
_
1945
$2,192,777
Federal taxes
per
from sale
Co.—Earnings—
9 Months Ended Sept. 30—
Co.
Electric
of
.
profit—; *$302,734- *$1,439,764
shares outstanding
320,000
320.000
Earnings
%
Diamond T Motor Car
—
announced last month;
was
profit
For
,: 1946.
.
Common
Cleveland
2102.
p.
—
;
plant iri
of the surplus Wr.'ght Aeronautical Corp.
•After income- taxes—V.
$15,491,204 $16,187,142
____^_______^^__"el-s-.,-;i''i,225,734
2,411,764
charges——
taxes-
f
1947
the
land
Steel
after
Income
that
'■
it
after
Capital
.
Plant—
of
by the President or Congress.
Earnings
(& Subs.)—Earnings—
•
sales
Net
may
months.
seller
Road.
plant.—V.
with
its
serve
interruption
made
premises
transaction
facilities,
new
of
Dec. .1,
on
sales
Net
..
.
continue- to
may
been
the
several
the
announced
Steel
amount
have
borrowed an additional $10,Equitable Life Assurance Society of
during April, 1347.*
Profit
plant is in accordance with such plans.
arrangements
Co.—Additional PTivate' Financing
CONSOLIDATED INCOME
j:y".-*"V.V <"■ S'0'
■
.
9 Months Ended Sept.
;
$47128,340
:_
151,080
$2,397,797
Remington Rand plant at Johnson City, N. Y., which was awarded
it
to
1,108;729
$6,807;879
;
312,365
$3,400,050
$5,237,069
- 1,108,729
stock—L*
preferred
26,625
$238,205
States evidenced
condition
a
p.us
overall
expansion
and
modernization
program
for
1948, plans are
•underway for a new plant for its Cleveland branch. The new plant
will be designed and constructed to better meet the nesds of modern
.steel warehousing and distributing operations.
Disposal of the present
with
O.,
declared
1,832,510
$7,916,608
requirements
30,4.i0
$292,695
requir,.
12 miles from Cincinnati, to the E.ectric Auto-Lite Co.,
for $S,400.C00 cash has been, approved by War Assets Ad-
Carry-back
Net
1,013,566*
$2,548,877
faci.ity is subject to National Security Clause restrictions, mak¬
ing it returnable to the government in event a national emex-gency is-
3,397,641
1,855,717
^___
1,154,132
$3,712,415
1946 >%
1947
5,212,870
discount
84,566
$323,831
The
$19,653,218 $12,330,151
4;668,023
1,862,931
.
98,500
-The port on sold has an appraised fair \alue
original cost to the government of $39,427,475.
*$'0.81
'
(& Subs.)— Earnings
;.-
income
income
for
Depreciation
and general
the Detroit
further
*
quarter ended Sept. 30, 1947, net profitwaS'$307!057,. equal
share. This compares With a net profit of • $412,247 or
Dividend
a
190,781
$1.65
•
lfl^r
per
Eastern Gas and Fuel Associates
*
....
,
Steel
plant
distance
381,562
$1.66
238.371
$3,562,443
O.,
Auto-Lite
was
industrial
are
381,562
___
79,915
$4,866,547
Included in the transaction
.
$1.08 per share for the corresponding quarter.of.1946.—V., 166, p. 2659.
acquisition of the property by Reliance company will substan¬
increase the already sizable holdings of that company in the
tially
outstanding
share
per
8,075
$408,397
buildings providing about 4,030,148 sq. ft. of floor area.
Corp.'s
originally owned by the Connelly Boiler Works
also occupied by the Foster-Wheeler Corp. of
was
time
Toledo,
,
$629V788: ,y*'$309,071
$635,07.1
•Giving effect to the two-for-one split in 'May,
v •
York.
one
Earnings
1,387
—
portion
a
nunistraticn,
profit
Capital shares
1 $3,860,814
1681.
United
Lockland,
153.
Net
Dr28,967
$4,946,462
surplus!—
p.
Sale, of
1947
____!_.
charges——-
income
'
»
iDr34,420
$416,471
$323,185
Purchase
Corp.—EaTnings—
9 Months Ended
Profit
Or 13,623
$423,072
by 2.6% notes, payable in*
1949, and on each June 1 and
Dec. 1 thereafter to Dec. 1, 1961, inclusive.- There were
$25,000,000 of notes outstanding on Dec. 31' issued to
the Equitable' under a loan agreement dated Dec. 30;
1946; ' The money from the additional borrowing willbe used for expansion purposes.
"Vv
206
Balance,
$2 $89,781
taxes-
instalments
$1,149,516
500,000 '
!
.
profit-tax credit.—V. 165,
excess
$4,980,832
$421,685
dir.
166,
the
*139,150
.
$1,049',113
■*'
$0.46//.V,'/ $0.51'
$430,094
000,000 from the
$3,564,383
1,353,814
204,701
.
91,391
$423,749
"
—On Dec. 23 last cdmpany
1947—12 Mos.—1946
300,808
taxes--
18,975
Electric Auto-Lite
Co.—Earnings$738,192
$4,999,857
6,054
Dr677
income
stock
■
$436,143'
income
—V.
166, p. 2557.
$748,620
535.898
^
deductions
Balance,
include
1947—3 Mos.—1946
charges—
income
stock,
These
Pfd.
13.
Jan.
on
common
kind of stock.—V.
one
period End. Sept. 30—
sales & misc. rev._
$
89,495,020
70,070,399
4,217,000
-
5,341
73,963 holders of
stock as 1947 ended.
$3,981,172
299,071'
develop.
income1
Federal
separate stockholders as of
irom the number recorded at the
97,135
announced
was
Were
332,300
^>424,478
j*
revenues,
■
&
income
Income
(Inc.)—Number of
*1946
earnings utility operations—105,195,383
charges, etc'—,—-—' 85,315,241
normal
an
1946,
of
There
Federal
1947
& maintenance
Federal
owned
was
Net
12 Months Ended Nov. 30—
Oper.
company
Profit
Detroit
153.
167, p.
72,479,195
152.
p.
early date."—V.
389,842
income
Gross
in¬
(E. I.) du Pont de Nemours & Cd.
Stockholders Increase—
25,123
2,837,819
r
oper.-
Other
of the company will permit the resumption of
an
981,873
45,225
Balance
dividends at
common
of more
oper;
167,
letter
is expected the additional funds thus provided will be sufficient
finance an increased volume of business and that the resulting
73,734,247
15,724,077
-
his
easier financial position
both
to
Prom Jan. I—
railway—.
in
says
952i432
258,097'
51,563
723'
"It
to
he said,
Lackawanna Mto
reason,
the
be
the
With'substantial
743,090
._
from
company,
7o,0j6
taxes
Exploration
H. N. Mellon, President of the
to shareholders accompanying the proxy
the proposed plan,
upon
Net-
>
right to accelerate repayment of the new loan at'its ofWil o'ptidn.
Commenting
$7,066,515
1,551,180
_
railway——.
Net ry. oper'. income.. •u
Gross
the
com¬
working together
this
of
FIRST
AND
two
1947
railway—.
from
Net
For
would
eventual
MONTH
November—
Gross
in
to
the
44,363
$9,'712,512
3,488,422
663,575
545,534
dept.
Fed.
De'prec., amort. &
Taxes,, other than
income
$3,369,991
43,194
80,120
—
——
$787,065
Maintenance
statement:
management
Nickel Plate
merger,, that,
ultimate
in
natural,"
,
seemed
other
the
ill
William White,
He said there
8.
between
Lackawanna
the
Plate
that- it
interest
Plate),
Jan.
announced
traffic
stock
common
1947—12 Mos.—1946
$846,606
316,067
62,479
revenues,,—
residuals—credit-.;
Net
$7,125,000', adding the balance tb the general funds of the company
to be used for working-capital, additions to p.ant and eqtupmeht and
general corporate purposes. By contrast to the provisions of the present
term loan, under which repayment to the extent of Vi of the company's
net earnings is mandatory, no principal paymehts-oh the nSw,'proposed
loan wi!I be required unt.l Dec. 15, 1951.
The1 company; however, has
RR.—Announces
Western
panies and that each had much to offer the
and effecting operating economies.
Mr,
'
(& Subs.)—Earns*
1947—MOnth—1946
Period End. Oct. 31—:,
Tne Prudent.al Insurance Co.
Life Ixisur'an'ce Co., using
notes from
Massachusetts
$7,125,000 of the proceeds to retire its presently outstanding' term loan
2659.
p.
Interest in Nickel Plate-
President
166, p. 2657.
unihvested.—V,
corporate bonds, or
El Paso Natural Gas Co. (Delaware)
of
New
and
term
Net profit'
Capital
1947
Monday, January 19, 1948
CHRONICLE
FINANCIAL
Dresser Industries, Inc.—To Borrow $12,500,000. From
Subs.)—Earnings—•
Nine Months Ended Sept. 30—
Profit after charges
Federal income taxes
&
share.——'
'
"
830,726
outstanding
Dominion
Stores, Ltd.—Earnings—
28 Wks. End.
Period-
>
Number
of
Oct. 4/47
Stores
(close
of
period)__
Gales
Profit
Income
Net
charges
taxes
$21,967,194
900,704
$412,704
$1.34
tion
On
of
the
Agent—
pQ,, New York, N. Y., has been appointed trans¬
agent in New York, for common stock, no par value.—V. 165, p..
T
"
:
31, 1947, 10.4%> of the Fund was .Invested im U.; Sv Gov^rjar'
ment bonds, 8.7% in corporate bonds, 23.1%
in preferred stocks and
56.4% in common stocks while 1.4% was uninvested.—V. 166; p. 2557*.
Earnings
•After
—__—:_
shares
pel1
$650,584'
share
$1,295,699
117,919
_____________
charges and Federal income taxes.—V.
117,919
$5.52
outstanding-—
common
9 Mos.
3 Mos.
profit
Commofi
Dec.
.Eaton
"
Fund.
Empire Steel* Corp.—Earnings—
Period Ended Sept. 30, 1947—
•Net
$10.99
166, p. 2557.
488,000
$586,867
—
New York Transfer
206,
$26,763,962
1,036,867
$1.89
______
The Bankers Trust
fer
233
450,000
profit
Earnings per share
.
Oct. 5/46
228
-
after
29 Wks. End.
&
Howard
Stock
Fund- -Net
Asset
Value
Eversharp, Inc. (& Subs.)--Earnings—
per
Share Decreased—
Net assets of this Fund
to
$15.05
a
share
on
6 Months
on
Dec. 31,
121,672
1947, were $1,830,966, equivalent
outstanding shar'espas comp^red with
$1,667,103 on Dec. 31; 1946, equivalent to $15.73 on-the 105,964 shares
then outstanding!
'^-J'1-*?.:• •.>•.•••/;, • *
Dividerids' paid' during 1947 totaled 55 cents- q/i.shiirfe, iiiequaiiftg .,the
(
•Net
■Common
Earnings
,
!
Ended Aug. 31—
profit'
shares outstahding
per
common
share——
,
1347
$139,925
1946
$2,547,197
918,74$
$0.11
736,785
$3.40
1945
$302,491
charges and Federal taxes,
tAdjusted to give effect
Ythreevfqr^tyo stock split in March, 1946.-T-V. 166, p. 1681,
••After
334,117
.
*$1.20
to the
.
;
Volume 167
THE COMMERCIAL
Number 4665
Endicott Johnson Corp.
sabs
'
'
•
•" '
•
ENDED
*
MAY
-JJ •
operating
profitl_—„,_^——
——
for pension
Net profit,
Common stock
Earnings
therefrom.
_•!
share
transferred
reduction
'
inventory
income
taxes
securities
than
.Yy,
.>
demand
'
-
BALANCE
//.v.'...bV,
•
1947
SHEET,. MAY 30,
deposit
and
U.
$3,634,541;
hand,
on
S.
does
not" give
may
stock
for
pension plan, $2,280,000; reserves,-$16,339,315;
preferred
$100), $7,236,000; common stock (par $25), $20,268,000;
surplus, $9,237,370; total, $69,337,914.—V. 166, p. 2557. ■
sold.—V.
with
tiffs
Period—
"3 MOd. Enci.
profit—
development
9 ivros. End. Sept. 30 ".
37-
Sept. 30,
■
.
1947
,
1946
.
$394,656
and
$1,087,066
187,181
p.
The
the
Investment
issue
the
asset
Company
9
approximately
company
each
sell
shares
notification
of
filed
the
profit
Non-opeiat.ng
$305,583-.
——
revenue
52,223
-'
Florida
48,437
$424,633
.
East
Coast
Ry.—Rail
SEC
Merger
Reargued
Coast
$323,325
—„
adjustment
revaluation
Provision
of
for
arising
Canad.an
from ,'7
dollar—
taxes
a
'
165,
_a—
260,150
3166;
p.
V.: 166,
$230,175
,
Florida
72,000
$691,959
■
$268,587
-Period End. Oct. Sir-
Maintenance
Taxes
$124,260
—„1 ■_'_•_,
Net
oper.
Balance
Retire,
Net
$211,109
6,333
8.696
of
profit
•Capital
shares
Earnings
''Loss.
taxes.—V.
1947
1,668,568
$0-32
J.
19
and
A.
the
appointment
three
15,
.
,
The
$4
of
called
cumulative
dividends.
City
has
company
issued
Payment
New
York,
for
wil
11
be
stock
made
Broad
at.
St.,
at
The
New
Feb.
on
$100
Chase
York,
to
Y.—V.
166,
$25
Custodian,
Agent, United
Chemical Bank
in
AND
&
Corporation
Trust
Co.,
165
with
a
perpetual
Co.,
was
charter,
type
sions
of
Arthur
from
Act
change
will
has
to
companies
freedom'of
be
presenft
no
from
of
action
only
voting
AND
the
^36JX)0 scares of
to
pursuant
securities
INVESTMENT
company .uritll
intention
diversified
a
effected
standing
•v
applicable
reserved
the
of
lish
.
to
tft#
the
vote
of
POLICY—It
or
Part
any
will
not
be
thereon
the
Act
preferred, stock and the .100,000
cash the proceeds from the
in
a
the
termination
m
change
upon
The
to
have
market
to
listed
broad
and
time,
grade
the
present
of
the
offering
of
shares
sale
of
bonds,
ready'marketability.
Based
thfs
Upon
an
preferred
and
'equity
seeuriutes. and
consisting of securities ' listed or
Exchange and other leading national
company intends to buy and sell securities
and
for the purpose of investment.
The
traded
on
securities
for
the
carl
the
purpose
an
underwriting in which the
company
is
a
participant;
of
certain
that
the
to issue
purchasing
letters
Steel
instruction
of
Corp.
stock.
letter
our
to
$50
with
contract
a
for
sale
the cost
and
of
Stock
any
stock
of
on
before
or
166,
Follansbee
37%.
capital
On
Jan.
30.—V.
at
stock
it
12
167,
p.
.
Jan.
on
U.
issued
to
designs
confidence
and
and
the
made
in
19
stock)
of
the
To
.
control
To
compel
with
the
between
take
To
built
the
it was
System."
carried
Ford
■
,
,
implement
over
tractors
engineering
.
To
sold
the
by
impede
funds and
AND
the
sold
the
attention,
was:
line
of
manufacturers
and
to
destroy
sever
the
implements
designs
their
is
arrange
that
Ferguson
and
still
of
the
they
deal
in
tractors
Ferguson
to
or
imple¬
for the manufacture of its tractor.
capital
stock
Philadelphia.
Outstanding
*110,332 shs.
5
cents
assignee
reserved
$2
at
cents
taken down
at
stock
common
for
in
will
one
and
paid for, and concurrently,
each, to Jacob Fisher, President
or
assignees,
the
at
the
at
and
of
1
$166.54
applied
reduced
now
1933-35
■*
rate
amount
same
'
amortized
interest,
warrants.
share, 7,500
the ratio of
per
each
Reed
to
$13,379.98,
Philadelphia.
St.,
organized
was
operations about' May
Fisher's Precooked Frozen
the
at
wholesale.
development
and
most
of
1,
May 3, 1946
1947, when it
stage,
of
the
Although
most
of
the
the
problems,
of
company's
basin
research
processing
food
!*
the
Of
in
these
net
bank
Banking
15,000
Jan.
of
purchase
up
cents
5
to
dealers
the
at
shares
15;
same
sold
by
to
they
as
balance
price
such
Loss
made
sold
to
available
be
issued
by- the
at
Fisher
OF
to
and
the
for
166,
p.
(Inc.
issuance
underwriter,
ratio
Warants
at
the
the
the
of
to
up
7.500
price
same
of
MAY
1
TO
DEC.
$76,372
—
74,713
4,809
expenses
13,01'?
,
$16,167
other
income)-
2,937
$19,103
2418.
Cigar Co., Inc.—Earnings—
Subsidiary, General Cigar
9 Mos. End. Sept, 30—
1947
•
*1946
Co.
$1,817,032
com
com.
'-Revised.—V.
660,848
$1,078,086
472,982
472,982
$1.80
$1.72
shs.„
p.
Ltd.)
1944
$1,824,442
1,070,178
911.027
-
234,000
share—
166,
Cuba,
$2,019,288
$1,738,934
699,784
$1,117,248
—
of
1945
•
contingencies—-"
profit
of
be
same
1947
10,
periods
Profits before taxes, etc.
Federal tax prov._:____
per
each
will
the
on
one
selected
for
shares
and
pur¬
of
to
and
warrant
one
to
underwriter,
basis
_u.
(net
Wholly-Owned
for
for
the underwriter.
INCOME,
administration
sales.
on
loss
Earn,
the
——
deductions
Net
used
Warrants
to
on
—
General
-Res.
4,
transferable.
are
be
and
expenses
General
Net
be
goods Sold_L_-.l_-_I_.
Selling
Other
will
1947,
dealers.'
Jacob
STATEMENT
of
be
retire,
Pennsylvania
Nov.
on
Net sales
Cost
thereof
to
used
to
meeting
w.ill
available
are
be
capital.
warrants
shares
10
available
made
ratio
first
payable
working
warrants
such
each
The
will
warrants
shares
7,500'
each,
w.ill
amount
frozen
...
company
was
authorized.
Each
warrant
to. purchase, at any
time subsequent to
to) Dec. 31, 1943, at $2 per share, o-.tr snare
1,- 1943,- and prior
stock.
The
at
$26,500
precooked
the
to
.thereof
common
chase
selling
plates.
additional
as
directors'
a
of
proceeds
such
Trusts.
purposes
holder
net
in
field
aluminum
proceeds,
loan
and
stock
the
the
disposable
estimated
corporate
entitles
...
entered
company
airlines
for
1149.
.
|
234,000
$715,110
$679,415
472,982
472,982
$0.95
.
$0.88
,
_
.
,
General Citrus Products Corp., N. Y.—Files with SEC
company's
provide
of
THIS FINANCING
began
distribution
Co.
for
to
before
with
Jan. 3 filed a letter of notification with the SEC
10% promissory notes due Dec. 1, 1950; warrants
shares of common stock (no par) at $5 per share
31, 1950, and 11,000 shares common (no par%. The notes,
company
$37,500
purchase
will
company
Bank
OF
food
outstanding
The
not
of
distributors
in
the
and
company;
—
($2). These securi¬
National
300,000 shs.
premises
of
completed
for
$119,000.
implements;
condition
efforts
City
BUSINESS—Company
PURPOSE—The
connections
Ferguson
Offered
Jan. 7 offered
on
cold
Number
and
developments,
in
the
stock at par
Authorized
and
and
assets
This
its entirety the distributor-dealer organization
.by. the Ferguson company;
impose - on Dearborn distributors and dealers and even Ford
dealers
ments
.
System
Stock
—
.
on
Seaboard.
meals
forward
and
company
2,795,256
speculation.
1956,
principal
••
of
15,829,251
6,317,085
underwriter.
due
mortgage
date,
—V.
considerable
the plan of action
Ferguson
supply
361,061
$1,716,881
products has beep principally through
brokers-and distributors, who have
adequate and satis¬
storage facilities.,, Some of these dealers provide'their
own
transportation facilities to pick up the .merchandise
at
the
plant.
At
the
present
time,
the
company
has
arrangements
with
over
20 such
dealer-distributors located principally on the Eastern
the
up
To
car
that
Ferguson, company
of
to
brokers
and violating the
by Ferguson and
and
the
$15,000
warrant-for
confidence.
the Ferguson
received
inventions,
knowledge;
sources
'-'i
the
copy
seize ' the
other
-■
and
a
to his
or
to
as
been
To
of
in
1946,
227,695
to purchase
underwriter at 5
WARRANTS—At
and
relations
which
company,
669,640
39,626
registrar,
10 shares
Pennsylvania
factory
of
invented and perfected
experimental work in Ire¬
Ferguson's
1944
462,648
warrants
the
each
of
accredited
agrees
Ferguson
years
1945
$1,293,513
Philadelphia
warrants, also
by
general
1939
1946
and
handling precooked frozen food have been
solved...;,
"
The principal
raw
materials used for the
company's products at
the present time are meat,
poultry, fish and fresh vegetables, which,
are
and
will continue to be purchased in the
open
market, subject
to any present of future rationing restrictions.
•>
.
Harry
of
131,173
and
company,
ratio
has
the
close
for
business
45,
ideas
Per¬
t$13,380
to
7,500
food
of
1948,
for
James
Wolfe
Foods,. Inc.
The
main business of the
company is processing and distributing precooked
frozen
foods
and
fresh
frozen, meats
primarily through accredited
commissions
Court
is
Naval
Ry.—Earnings—
v
(par $2)____
15,000
HISTORY
closed on the New
as high
as 40y2(
District
S.
of
and
124,274
including 15,000 shares
the
acquired
'
in
8
Cahill
2418.
a.
1956
monthly
District of New York, charges that starting in July,
1947,
deliberately copied the Ferguson System tractor and line
implements, •.unlawfully seizing and using Ferguson's inven-
in
agent
stock
secured
sold
^
166.
Mr.
Bureau
Hubbard
CAPITALIZATION UPON COMPLETION
"
tDebt
Co., Detroit—Sued for $251 Million—
y
the
$978,029
Inc.,
offered
are
and
Goldstein said;
Mr.
to
2310.
p.
Recently
person,
Assisting
Pitzner,
1947
as
:
closed
trust
case.
Denver City
—
common
of
.
the
the
company at Coventry
implements a day,
His
production of 1,500 tractors
4,585,970
2,177,830
up
& Baldridge,
Haye
was
after
15,107,438
warrant
than, 183,000 shares of Follansbee Steel Corp.
purchase is conditional on the actual delivery by
Pennsylvania Exchange Bank of New York City,
shares
financing
look
770,647
oper.
'•'Not
treating
Follansbee
Exchange
the
to
English
Counsel
income.
from
be
Ferguson System
"of'.,
the
as
railway___.
Common
per
Consequently,
the
<of
that
,
.
$1,335,931
294,578
Debt due
respect
9,
intended
regardless
1,000
eventual
counsel.—V.
l!
their
Bank
which Mr. Brooks referred read in part;
into
The
Carlson,
.
railway-
oper.
1947,
December
1,745,255
uniden¬
for
Exchange
Co.
patents
10,969,778
.
These
indicated
group
Pennsylvania
Motor
1,877,079
n
had
are
it
of
served
war.
Worth &
Transfer
Con¬
of
aggres¬
company are Cahill, Gordon,
Zachry
Street, New York City, with John T.
Cahill,
charge
who
the
21,
about
an
ties
largest civil suits ever filed, Harry Ferguson, inventor
of farm tractors and implements and
Henry Ford's "only partner," and Harry Ferguson, Inc.,
Mich., have brought suit against Henry Ford 2nd, the
Co.,
Dearborn Motors .Corp.
and others for
damages
break
and
The
company
also reserves the
right at all times to maintain reserves in cash. The
company will hot:
(1) Purchase any security on margin
except such short-term credits
as
are necessary
for the clearance of transactions;
•'
'
-(2) Effect a short sale of any
security except in connection with
the
to
Ferguson\,System through
r
York
trading
effort
who
Ford
Ferguson
in
Ltd.
and
75,000 shares of
stock
Y.
Jan.
real
in
Frigidinners,
the
Motor
November,
>
April
England
to
Wall
associate
are
ry.
that
the
3.869,334
153.
actually
November,
1946, although
the
production arrangement
was
continued under an interim, agreement through June,
1947.
The
complaint alleges that the defendants formed a conspiracy prior to
up^n-
of
President
N.
taken
13,431,059
East
company's
York,
New
stockholders
stock
31, 1947, the
Exchange at
called
occurred
high
New
in-an
1948."
Motor
Ferguson
-
Nme
loans
involved
183,000
20,
famous
-The
believed
exchanges.
Fahye,
had
income.
System is covered by
are wantonly and flagrantly
using the
although Ford Motor Company recognized their validity and
placed the statutory patent notice on all tractors it manufactured
down
to June,
1947.
"•
V
in
of
Terry
defendants
of
infringe
on
for
cases.
p.
par
purpose
among
167,
The
Co-.,
17,
Feb.
on.
railway..
patents,
will
appraisal
A.
reported
:
The
complaint alleges
that
patents and that" defendants now
earnings
oijteruig.' xjutu^
deal
this
of
Ave.,
to
"that
the
Woodcock, McLear & Co., Philadelphia,
Stock Dropped—
shares
Madison
arrangement" was never
under an agreement of trust
roramny
condition's ;bv the board of directors i>om
will include
Government and other
collateral
Stock
reservations.—V.
Detroit
from' railway...-.
refused
Florida
which,
guess
"Ford
Tractor—Ferguson
reduced to writing, but was
shares,*
transactions
and
to
until;,' JUiie^J IMTyiy&s -the
common.-
such
of
and
^otbr^|Coapa)np/iJiiid^»yBarry
market
and
the
proved to be a commercial success abroad and at Henry
Ford's'invitation he brought the Irish tractor and implements to this
was
placed in production by Ford
,
to
looks
63
Jr..
from
—V.
more
is-a
of
one
farm
the
the
value of the company's
investments.
.investment .policy of the company will be to
on
registered exchanges or unlisted securities,
economic
such
had
court
of
ry.
to
case
reorganization
seeing
sale
of
land; V.Ut
comparryv
stock
depend
the
Co.
Net
267,264 shares, par $10, outstanding) was
which date Attorney General Nathaniel L.
"Henry Ford,i
'
The complaint'^ states that
While the 2
offering period and until such time as the
company's funds are
invested, the asset value of the 'common stock will be
less than the
offering price.
Thereafter the- asset value of the
common
securities
in
take
we
of
Jan." 15
agreement
-
realize
or
that
Island
difficult
furnish
tions.venginf^ring developments,
.
change;', 'ahy.l
shares,-'Under such circumstances
position to invest such proceeds and
completion
to
on
the
than
Detroit,
of
company,---,
to
period
the
early in 1947.
with F, Eberstadt &
Net
the
defendants
"
the-.
intention
the
the
.
under
The
such
of
nor
to
he
on
Southern
25,
of such
until
J.
majoi'ifyof "the- otit-t
;\X' -11''•'■' '
''-i-'
is
termination
Co.
295
totaling $251,100,000,
The complaint filed
and
company.
v&toc^^^pUaixdiritaln in
.or
N
of
v
you
share
Jan.
Dec.
the
of
York.
investment
a-
less,
Ford
In
of
$10
Nov.
SEC
such
company: ".' "
long
a
by' the. purchaser and therefore
to-"us as no longer effective."
letter
a
Stock
while
diversified, manage¬
regulatory provL-•*'
effecting
be
183,000
Follansbee
of.
contract
that
York
to* the
non-diversifed
a
DIVIDEND
completion
'of
conrol
prevented
through
public
From Jan. 1—
subpoena-is being issued for Alan Adams Haye, because the
Attorney General's- office has not been able to locate him or estab¬
the •'*
Baum
H.
that type.
under
a diversified^to a monrdiversified investment
company
•
"
investment company, and is;
subject
that
however,\has
City,
New
organized
by
Company, has registered with
Investment, Company. Act" of 1940
ai»",a; close-end,
ment
Jersey
Broadway,
BUSINESS—Corporation
Maryland,
Baum.
States
not
Follansbee
entered
not -less
Ford
HISTORY
1947
Leonard
y
at
common
share.
Transfer
of
of
from
Gross
No
once
share and dividends and the
per
Rock
purchase referred to in
$50
business
Corp., New York, on Jan. 14 formally an¬
offering of 36,000 shares of 5% cumulative
convertible preferred stock
(par $25) and 100,000 shares
of common stock
(par $1). The preferred stock is offered
at
interested
Y.,
advised
breached
have
not
of
nounced the
per
of
"The
:.
2557.
p.
N.
the
been
stockholders
next, 5% of its
share and accrued
of
Net
for
gain control of the company.
■
Bank
on
Co.,
were
to
deposit
pay
for
.•
National
N.
take
with Alan Adains Haye, 116 John St., c/o Watters, Cowen
New
York
City, N. Y., under the terms of which Mr.
Securities Corp.—Stocks Offered—The
First Colony
since
the
of
of
14,
authorization
-We
On
First Guardian
have
The Jan; 9
16,
per
letter
been
your
,
redemption
preferred
of
Net
lawyers
dam¬
nature
damages
financing
supply
tractors
program
during
Fort
appearing for the Atlantic
sound plan and stand on
a
Paper
was
York, City;, has refused
has
Firemen's Insurance Co. of
Newark, N. J.—Partial Re- v
demption—
,•.-•/• '
•.
.<X:
230
partner
Gross
"
subpoenas issued to Henry M. Brooks,
President,
Cohen,'^Treasurer, of 625 Associates', Inc., Empire State
persons to
contract
the retirement plan
adopted by the company three years
ago.
Mr. Sch.sler was elected a
Vice-President of the company in
February
1947, and Mr. Foster in
February; -1946.—V. 166, p. 2557.
''
-''V
Jan.
on
principals
a
the
to
under
for
of
made
was
November—
the
Coast
Atlantic
of
-
Joe
would
willingness to sell their
share, Mr. Brooks said:
of
action
sources
of Harry Ferguson,
Fowler,
I.
ordered
Louis
Steel
"We
Dec.
v.
the
Total
•
Reindel
sonnel
under
with
these
flagrant
effectively
$7,700,000
the
contract
a
"regular
(out
York,
tified
and Edgar F. Foster to succeed
John A. Luhn and
Hart, respectively, as Wfoe-Presidents in
charge of the Claim'
Fidelity Departments.
The latter were retired
on
•'..**
City,
"approve
St.
and
purchase
share
New
*
announced
which,
merged
group
close
Steel Corp.—Offer for
Mills
In
Harry Schisler
Into
raise
to
and Watling Lerchen &
Atlantic
Alfred
and
$11,100,000.
defendants
to
stock
implements a day. •
Attorneys for the Ferguson
Pont
it
solidated
Co.—See
that
efforts
flagrantly
producing
•
Building,
Robert S.
and
its
hysterical,"
he
a
du
Coast;
per
Dr.
New
President, 6n Dec.
J.
should
the
York
to
the
seem
by
attempted
$50
and
tAfter Federal income
Motor
and
expansion
Be¬
••;• *
Hardin
Peterson
with
in
Line
at
hotels,3would be able to
Goldstein-
Fidelity & Deposit Co. of Maryland — New
Appoint¬
ments
\
'v/i: V V; X.jlXX'X :
Bach,
New
ICC
by
said
The
abandoned
*t$259,075
1,668,568
; : Nil
its
validity."
Of
1946
$538,356
(Harry) Ferguson, Inc.—Sues Ford
that company below—V.
166, p. 53.
A.
of
New Haven
Pepper
taken over
.
Frank
Court
the
Follansbee
Corp.—Earnings—
fAfter estimated tax ca-ry-back credit.
165, p. 1889. '
,V <7.
•
'•
be
to
;V
V:1;7:, "...
East
125,744
;
—i——-^
outstanding •'vPilr.Pii-w^tl-i-iir-Lii.''
share———„_
1,per-
Coast
Florida
at
-
—
—.—^
is
the
$159,368
132.362
2418.
6 Months Ended Oct. 37
Bourne
;
$126,412
■
East
for
Coast
addi¬
plain¬
$251,000,100.
charges
indeiinitely postponed.
Mr.
Ferguson left
railroad" that was engaged only in
estate, he said, was interested in many
Florida
enterprises, including four hotels.
He
asserted
if
Pullman
reservations.
were
"tight"
and
the
du
Pont
estate
controlled
the
1,715
.
acting
merger
included
Florida
$10,147
—
Farnsvvorth Television & Radio
tNet
of. the
Coast
East
urged -the
Supreme
review
Coast
76.003
•;-;
Co.,
Representative
has
Atlantic
said "threats
Senator
The
-
W.
Line,
and
the
$237,083
V 76,000
Paper
the
that
wanton
to
f, causeel security dealers to believe
wilfully
Byrnes, former Secretary of State and former
Court.
The proceeding is in the
nature of
request of the du Pont estate, as the ICC has
that
railroading.
V; •: 180
$12,117
p.
it."'
65.419
•
~
declared
166,
84,453
$16,661
1.011
income
—V.
$171,664
<333
j
Dividends
219,366
6,855
y"
$19,462
w—.
accruals-—.
res.
$9,806
•-
10.023
support
the
at
twice
Edward
Coast
133.177
208,737
i
and
estate
Florida
-
853.451
152,893
$126,656
15,315
$9,439
Joe
proceedings.
to
^
inc.—net
—
$1,377,657
•"'
1,029,880
•*■••
9.731
in
Pont
reorganized
,
'
16,183
revenues—p
Non-operating
$1,518,167
74,354
11.561-.
du
bankruptcy
1947—12 Mos.—1946
$103,206
37.077
.
Pepper
appeared
The
decided
-Earnings-
1947—Month —1846
Claude
reargument
a
Operating' revenues—p.
Operation 'Ldui—ap—i;.
St.
between
7
this1 argument-James F.
Justice of the Supreme
1478.
p.
Fall River Gas Works Co.-
the
-.'Ivii;'''';7 V 'l-l'l;
Senator
84,076
a__—93,150
profit
and
Pont estate, for control of the Florida
reorganisation plan approved by the ICC,
Coast Line. •
Line;
Net
—V.
RR.
Jan.
renewed
Atlantic
,.y,.;'•'
-
Line
was
and
$3,700,000,
entered
In
manufactured
damaging
the
preferred
coercive
of
Chicago
Argument before the ICC
du
Totai
Exchange
and
have
and
of
and- 7,500
$376,223
$952,109
17,742
—.
$899,885
and
pre¬
share
common
the
principles
of depriving the Ferguson
implements and depriving it of
distributors and dealers.
Such action had
already had substantial
results.
Security dealers also knew the long established
policy of
lord Motor Co. with
respect to patents, and the aforesaid announce-
Pa.—Filing
with
the
general
patents
amount
Ferguson company learned
expansion
238,073
.
also
company
for
was
as
defendants
the
of
thus
company's
Announcement
Barre,
the
total
a
by
and
the amount of
complaint
the
sive
200'/i,
one
of
that
its
issuance,
least
shares of
and
3Vs
Wilkes
Inc.
at
9,000
issue
may
such
of
violated
defendants
well
for the underwriting and sale to
the
public of $5,000,000
of preferred stock
and
250,000 shares of common stock.
Tne complaint
says that security dealers Interested in the
is
letter
a
in
common
of
conversion
prohibit
Act
after
coverage
of
as
value
**125,000 shs.
for
acts
Acts
reason
or
trebled
^• ofr New York
OFFERING
reserved
immediately
approximately
45.
Airflow,
tractor,
be
Ferguson
of
SEC—
Jan,-
per
to
Infringement
claimed
are
fore ICC—
Operating
are
senior
$614,293
89 073
deprec.-
$100
the
15,000 shares of capital stock, to be offered at $3.87V2 per shr.
through
E. F.. Gillespie & Co., New York.
Proceeds to go to selling stock¬
holders.—V. 167, p.-45,
Mines Ltd.—Earnings—
:
167,
Fleetwood
On
-
the
presently
for
shares
72,000
the
violating
company
of
Thereafter
preferred
stock
(par
*•
to
of
preferred stock unless
preferred stork will have an
such
complaint alleges
37,000 tractors,
sold
ages
of
•
issuance
the company
ferred stack.
' -
'
the faro visions
of
Falconbridge Nickel
effect
tne preferred stack.'
t Since
that
Anti-Trust
and
$246,000,000.
the
and
t36,000 shs.
of
including accrued taxes other than Federal taxes on income),
$7,535,7', 8; sundry creditors, $353,942; notes held' by workers under
savingi plan, $408,071;,reserve for Federal taxes on income, $5,317,437;
operating
tion,
Outstanding
expenses,,
Gross
THIS
claims
Clayton
equity
1947,
"
t.
LIABILITIES—Trade accounts payable'(including payables for mer¬
chandise in transit.'of
$700,103, accrued wages of $3,451,543 and accrued
-Deferred
OF
Authorized
"This
•
$14,245,822), $10,226,622; goodwi.l, $1; total, $39,337,914.
,
COMPLETION
and
and
Ferguson
5% •cum.'''conv. pfd.'stock (par $25)—
50,000 shs.
Common stock- Cpa'Y $!)',«—
2——250,000 shs.
■
.
short-term obligations, at cost, $3,002,622; trade accounts receiv¬
(less reserves: of
$400,000), $12,893,381; sundry debtors, $184,804;"■
Inventor,.Bjt' $33,140,544; prepaid taxes and insurance, etc., $401,639;
other.-assets, $853,6b'8; capital assets (less reserve for depreciation ol'
earned
investment
"•
11: '•
law
7
virtually rendered the business of the Fer¬
guson company
unprofitable, and that the capital value of the business
was
$80,000,000, and as damages under the Anti-Trust Acts
are
trebled, the plaintiffs are entitled to recover
in respect to any one issuer in an
than 5% of the total assets of the company and
10%
of the outstanding voting securities of such
greater
CAPITALIZATION: UPON
Govt,
accrual
other
any
complaint
Sherman
WEI" be'.limited
not
more
issuer;
able
stock
of
one
not
^.Includes
resulting
reserves,
in
ol-
stock
'
on.
:
to
$2.01
Federal
of
V
CONSOLIDATED
,2
ASSETS—Cash
to
any
amount
810,720
:
underwriting
an
acquire
Purchase
other,
.
$1,778,735"
-
.!
2,760,000
"
with
The
corporation nor more than 20% of its total assets in the
aggregate in any one industry.
Moreover, at least 75% of the value
of i(s total assets will be represented by cash, cash items
(including
receivables),
Government
securities and
other securities.
For
the
purpose 'i Gi■"cbmputing" the
aforementioned 75%, the value of such
,,12,280,000;
outstanding—
per common
"Including $2,081,257
$740,000, equivalent to.
;
in
434
<•
—
——--
plan-
connection
(251)
trading
which
the
any
or more than 10%
of the total outstanding voting stock of
insurance ,company,.
iThe coihimhy: will hot invest more than 10%
of its
total assets
$6,819,169
;
joint and several basis in
any
^42,123
t'
in
participant;,
or otherwise
a
CHRONICLE
company
53,140,922
-
eJc.f-iir.T-rr-'r
Deductions from income
(less., misc. income
3-Provision for Federal taxes on income,.
Provision
is
(4)
joint
a
on
except
company
.
$66,702,214
—„
expenses,
account,
1947,!
30,
"•Cost of
goods sold-,....
Selling, general and administrative'
Net
or
(3)
(& Subs.)—Earnings—
CONSOLIDATED, EARNINGS, SIX MONTHS
..
Net
Participate
FINANCIAL
&
Dec.
11,000
warrants'
be
attached
offered
Philadelphia.
on
3-year
at
in proportion of 200 shates per $1,000 note,
pA- unit.'
Underwrite!, Harrison & Co.,
will be used to finance the purchase of inven-
$1,000
Proceeds
8
(252)
THE COMMERCIAL
General Electric Co.—Making Table Model Television
and New Radio-Phonograph Combination—
Goebel
Set
A
In
radio,
dealers
of
Sales for
are
scheduled
The
from
Park
It
playing.
be $465
shipping
company is
Electronics
list for $159.95..
record
early 1948, Paul. L. Chamberlain, Manager
has announced.
List price for this'
lor
The
•
largest plastics product
General Electrics
Plastics
ever
synthetic powders by
molded-from
Division
fabricated
was
Dec;
on
in
26
held.
tne
"
'
"
_
General
Instrument
Net income
before
NOV.
Jan. 12 filed
on
SEC—■
Proceeds
will
486,858
—V.
$1.60
Motors
sell-to
to
proposes
for public
underwriters
stock, of Bendix
common
Aviation
Corp.
;
offering
shares
J—
J...:./.'/./•
*•'.
.
expenses.—_/—
i_Z
Gross
Net
Motors has, during the period of its ownership of Bendix
stock, given considerat.on from time to time to the complete
acquisition -of ■ Bendix; to b6 followed by operation of Bendix as a
r
31/46
$6,862,094
decided
therefore
Net
underwriters for public offering.
r
v
\
Aviation-Corp. for many ;years has sold various of its prod¬
substantial- quantities to General Motors.
These commercial )
relationships have been on a business basis not: affected by1; General
Corp/stock interest
substant:ally. simbar to the
Bendix
in
;
Corp.; and have been
relationships between General'
parts suppliers."/^ Accordingly/the^
of
436,917 for
quarter
General'.Motors
the third: quarter of
1945.
'
of
,
^
•
$0.20
1947
preferred
with
430,384 for the fourth
total,
1,498,270
7,896,169 i
380.049
4,526,096
4,780.397
0T3.152
Cr3,874
T'49,298
23,509
403,602
383,923
4,476,797
4,756,889
-
.
62,620
671,095
879,064
33,076
C-6,153
330,765
$288,227
$3,739,543
$3,347,060
Balance
21%.—V.
•
;
•
'Special
penses
r
;
Operating
154.
and
V.
,
..
.
Ruge
Dr.
V.
1,
K.
/
//
.
$5.21
"
-V.
"
an
1945
289.347
$0.75$1.94
Maurice B.
Director
Plans
"216.922
.'V
;
and
Medical
died
Director at
he
that
suddenly
the
Trucks
Gulf
Oil
would
on
Guardian
Corp.—Registers 2,269,050
&
65,112
695,993
397,109
The
stock
335,346
270,151
and
the
223,015
131,538
for
20,290
191,454
114.674
23,499
267,830
156,080
4,224
59,436
28,444
Coach-
lZ
Coaches
•'
'. 4W
/
4,033
409
61,918
Passenger
5,615
3,363
.11
Total
5,506
60,542
30,966
year
24,818
20,806
in
174,489
1,925,858
20.
1931.—
,«
Common
Public/Utilities Corp.—Weekly Output—
/c,
■'
■
over
--
-'
The Committee on
Dec.
on
j
w
26
ruled
Security
Cor^.-^Ruling
Rulings^f
on
Dividend— r*
-the New York Curb Exchange
that the common /Jtock be
quoted
"ex"
the
-
stock
.•
prior >
accompanied by due bills for said dividend;? "
and that such due bills be redeemed on Dec.
31, 1947.—See V. 166, p.
to. Dec.
29,
25w8,
194r7 must be
'*
of
$10
the
period
record
expire
in
on
the
about
or
about
or
ratio
statement
Company expects
or
of
Jan.
Feb.
one
10,
27.
1948,
share
new
1947—Month—1946
Gross revenue
Operating
Prov'-ion
Anio;t.
at'j
expenses
$5,186,748
,3,055,502
—
for
of
deprec.—/
plant acquis;
•
per
and.
subject
share,
based
the
to
year-end
the
on
United"
2558.
p.
Power
,
Co.-
adjustments,
presently
States,
Prov.
End. Nov. 30-—
Venezuela,
Co.
and
si».
150,000
Cro
Int.
833,790(
$465,928
"
for
X
,/—
long-term
$750,327
295;973
Cr9,717
debti-
Amor':. Of prem. on
Other
deductions
>
debt
$1,000,908
296,145
-
Cr9,717
1,908,500
4,580,266
'
Di"j.
income
Cr792
____i
pfd.
on
stock—
and
will
the
:
>
1,642
166,
$464,6T,4
223,005
f
Gross
income
——
223,005
$241,858
p.
Net
23,000
v
•
•
91,125 /:
353,000
/
4.000
DiVs.
pfd.
on
...
391,588
93,885|-
813,887
•
Amortiz.
$7,335,099
2,676,064
$3,778,883
$4,659,035
2419.
Fed.
*'
Gulf
$1,421,466
169,479
Cr203
Cr205
Cr2.459
5,092
'
3
V
November—
1947
from
Gross
Net
from
Net ry.
railway——
railway
oper.
income—
$519,622
124,227
36,963
Ry.—Earnings1946
*
1945
1944
$456,738
$527,671
148,803
$512,511
97,917
46,936
36,263
194,864
62,040
From Jan. 1—
Gross
25,548*
-
from
Net
ry.
—V.
railway./—
railway
___/
5,559,764
1,204,432
5,048,358
859,544
income.—
295,717
2Q0.147
oper.
166,
p.
2310.
,,!iT
5,513
'
$84,899
$79,442
Utilities
subscribed for
Co.—Common
Dec:
Stock
Subscrip¬
stock,
.
16,
1947,
underwriters,
of
common
$135,000.
not
The
company
acquire
at
is
there
on
$13.50
further
a
sold short
delayed delivery
were
share, or an
advised that the
per
warrants, and intend to
make
settlement of such sales by delivering the 9,113 unsubscribed
shares purchased as aforesaid and by delivering 887 shares of common
stock of the company acquired by them in the open market at prices
in
of
excess
$13.50 per
underwriting
the
loss
6,018,570
to
2,321,195
2,206,537
per
707,536
648,281
or
an
dealers
share,
The
on
the
exercise
any-
With respect
on
this
aforesaid
to suqh 10,000 shares the
transaction,
taking into account
887 shares, averaged $.820911 per
aggregate of $8,209.11, out of which there was allowed
of whom were also underwriters) a concession of 50c
(all
or
an
aggregate
foregoing amounts
discounts
or
share.
commissions
sustained
and
1,947,112
1,948,215
1,802,280
200
,
taxes—______
2,400
2,400
12,645,434
2,452,594
$383,958
,
122,889
,1,817,888
1,435,246
$373,691
153,228
revenue—__
$4,750,007
$4,970,568
3,662
38,853
$380,855
75.049
$4,788,860
$5,045,617
7,164
$387,620
(net)
income
.'L
.200
215,646
186,404
'
1,025,669
1,073,362
$298,450 $3,763,191
389,588
applic. to preferred stocks for period;
$3,972,255
ImU—_—^$3,373,603
$3,582,667
82,405
81,404
deductions
income
income
Net
Dividends
_Z_——v
/
V/1166,
1684."
p.
are
commissions,
of
$306,216
''';
.
Illinois
r'
¥
•/.-
Bell
-
-
'"V-..
389,588
.i
.1 ■ /
Operating
Co.—Earnings—
TelejAone
1
•
'v
revenues!.—
'•
-
16,109,498
rev—
-29,455
Operating revenues—
expehses.^—
taxes
—
16,080,043
13,297,769
1,784,337
oper.
Net
166,
''*
i
'
f'
-
»,
*"
.»v.
319,228
205,039
13,622,589 157,424,221
143,736,755
22,903
11,659,750
139,157,888 120,750,216
902,693
14,976,709
12,388,861
3,289,624
10,597,678
charges.—
782,407
752,700
1,148,488
8,280,131
2559.
Indiana Harbor Belt
oper.
oper.
■
1,060,146
period End. Nov/30—
Ry.
•"
-13,645,492 157,743,449 143;941,794
997,937
p.
Ry.
'
income.—
oper.
after
Net
—V.
1947—11 Mos.—>1946
1947—Month—1946
\<
$1,107,060
remaining 9,113 shares being purchased by the several
'
' ■ *
are
The company is advised that on
for
the account of the several
shares
2,975,594
152,358
profs.
exc.
33,030
$1,173,216
V 66,156
$1,162,742
underwriters at $12.50 per share.
6,150,893
>
$1,228,898
66,156
$90,412
exercise of the warrants and the
share
from
Net
$84,955 V
5,513 /?
the
of
:
1947—12 Mos.—1946
198,584
—ii--.—
oper.
Total
Cr2.431
stock——
10,000
-
170,172
&
other
Other
.
_
171.136
272,852 shares * of common stock- offered
for subscription by common stockholders at $12.50
per
share, 263,739 shares havG been subscribed for on the
so
'
.
206,452
investments-
inc.
Net
$1,374,900
14,174
•
States
*
of limited-term
Balance
$104,384-
r/_—1-_
underwriters did
& Florida
927,161
1—^—
-//Gross income
>48,000
2558.
tions—Of
aggregate
Georgia Southern
:——^—-
electric
319,929
636,793
14,036
Balance I'■_*//;
p.
Fire Insurance
$1,756,520 $23,668,583 $20,652,623
9,529,045
693,152
8,042,423
$2,027,575
Uncollectible
166,
.T
,
1947—Month—1946
~
revs.—elec.__-
Depreciation
■
274,000
48;000
-
$103,879
-
prem. on debt
income
"
..
t
Operating
97,026
2,676,064
$489,833
:
■
Maintenance
1, 879,216
J
long-term debt.
on
31,
Dec.
$4 532,839
4.000 J
•
,
:
income taxes—
"'"
••
Period End. Nov, 30—
1947—*12 Mos.- -1946
2,191,596
of
as
Brunswick Fire Insur¬
Co., National Liberty Insurance
of America, The Baltimore American Insurance Co. of New York,
The Gibraltar Fire & Marine Insurance Co.—;V. 165, p. 2278.
•
-
$5,219,537
various companies
the
Co., The Georgia Home Insurance
taxes
167,297
for
insurance experts.
Co., The Carolina Insurance Co., The Paul Revere
Operating
Operation
Middle
-
figures
& Co.,
Best
Operating
27,284
>
affiliated
now
then
would
by
3,997,689
$6,454,947
$712,838
companies
company,
■
be
$392,566
basis,
balance
V.
.
V.
comparative
2,023,301
$9,917,919 $10,891,020
3,552,297 1 3,575,503
Crll6,608
Crll6,608
insurance
fire
J
General taxes
Fed.
not
r."t
ten
be
Period End. Nov. 30—
3,887,282 / 4,365*551
■*
the
may
for * their
t
•
f
236,924-'
30,000/
depreciation-..
of plant acquis.
adjustments"---'------;.-
.
taxes—J-
income
3
en
165,500
755,919
Gr.itr d taxes /_—)
Income
475,000
(N. Y.)—To Merge 10 Fire In¬
Z
v
/Houston Lighting & Power Co.—Earnings—
.
1947—Month- -1946
-
expenses
Amort;
1947—12 Mos.—1946
$4,793,044 $57,623,610 $52,480,922
' 2,366,097: 31,677,894
26,106,112
"
426,750
5,651,750
5,097,250
$6,487,731
'/
Co., The Homestead Fire Insurance-Co., The New
outstanding stock,
number of shares.
<
.
.
Earnings—
revenues
Operating
-V.
stments
Fed.
;?
$7,298,948
Analysis of the proper ratios of exchange of shares is in process
study
ance
•
riod End. Nov. 30—
Higher-
1947—8 Mos.^-1946
$1,394,054
specific terms of the proposed merger agreement, it has been
decided that the basis on which the opportunity to merge
be offered to the affiliated companies in the Home fleet would
ance
I
•"/.'
Other deductions
'
will
offered
be
registration
a
(par $25).
of
held.
world:
166,
Amort, of
Georgia Power4 Co.—Earnings—/
stock
shareho'ders
will
unaudited
of
Pcr.iod
Gross
Int.
r
r
Haskins & Sells, certified
public accountants, have also been retained to assist in the study.
Tne
companies afliliated with The Home Insurance Co. are The
Franklin Fire Insurance Co. of Philadelphia, City of New York Insur¬
Boston
Corp. has been selected by corporation to head
nationwide group to underwrite this offering. •
/
derived from the sale of the new stock will be used
a
1947,
"
^
"
206
$97,103
enterprise
Harold
York
the
be
proceeds
Gulf
dividend.:'"
£erA are' on Uec, 29, 1947; that all certificates for said
^fter Dec-. -16, 1947 ;iu settlempnt of transactions made
delivered
$73,436
-
merged into the Home and operate as
have been approved in principle by the
Smith, President, has been authorized to eubmit
company
proposal
All
t,
General Shareholdings
shares
East.—V.
corporation for the week-ended Jan. 9,
t0 ^M35,149 kufh., an increase of 8,487,178 kwh.,
the corresponding week of last
year.—V. 167,,p. 153.
/.j
'■
i i/
ro^m0U
6.2
four
excess
ioTo16 e^ec';r'c output of this
or
.""$7,840
-
proposal to their respective boards and to insurance commissioners
various states in which they are incorporated. If they approve,
1947.
14 filed with the SEC
its
subscription
First
centers
General
35,000
/
371/.,
the
the
Shares
compared with $6.42 per share in 1946 on the same
Gulf is one of the few concerns in. the petroleum industry possessing
a
major crude oil position in the three'most important oil producing
1,186,057
153.
7'/
be submitted to the stockholders of each
consideration.
Meanwhile
the
Home
being
a
Robert E. Dineen, Superintendent of Insurance
of
this state, has been
informed of the proposed offer and of the
steps that have been taken thus far.
V
/
In
making public on Jan. 14 the action of the Home directors,
Mr. Smith said that while the Home is not yet in a position to state
succeed
Dec.
since
corporation's working capital position, and to provide
funds for the/acquisition and development of additional production,
and (,he expansion of refining, transportation, and
marketing facilities.
The
corporation estimates that its net income for the calendar
2,439
/
'/.•;/
which
under
this
company
augment the
3,446
'
to
stock
form
The
3,112
194,477
p.
and
33,850
GM of Canada—
Trucks
Jan.
on
stock
new
each
The
to
7,372
167,
the
31,585
18,779
Trucks
—V.
offer
6,382
,Z
GMC Truck
to
20,965
Buick
Cadillac
The, company
'
1947—12 Mos.—1946
71,891
Oldsmobile
I
35,000
•
would
38,159
23,302
16,939
_
______
;
$132,309
definitely
covering 2,269,050 shares of capital
Pontiac
2,917
24,831 :
.< $108,857
1947—Month—1946
$1,521,268
Affiliates—
integrated
the
M.D., became Vice Presi¬
Pi Ruge, Underwriting
Vice /
Edward
.
Secretary,
2419.
p.
directors.
$1.00
Bender,
who had been notified
Evans,
-
$107,478 *
31,816;
•
!! $4,565 ;/
—
-
166,
one
of
1948,
-
8
$77,041 I*
/,
3,454
$10,758
2,917
_-__//!
/Home Insurance C©;
$218,112
-
/
accruals—
charges
surance
571,294
$562,249
\
$7,302
»«
/»'
389,600
.
/ 282.718
•
-
47,244 '
114,950
166t p. 2558.
—V.
'
•
,
789,403
■
"
$3,881
Holly Stores, Inc.—December Sales 9.1%
in-/
951,849
,
•
3,609
Period End. Dec. 31— -'
1946
■
107,674
5,313
"i
$3,698,122 / $4,869,415 v$4,l°2,343
I
/. Z 10,470 _/
530,077
64,978
«
.
$799,750
v
644,042
7
/
.
8,539
\ j
$893,735
-
'44,724 "v"'
-
5,933
VV $7,489
income
Net
I.
1947
61,283
,
-
.
were^ $73,402,121/
period in 1946,
.
,
/
—
w_——
"
,
1947—12 Mos.—1946
$67,811!
$79,636
•'
revenues.—•
res.
Interest
2546.
p.
2558.
p.
1947—Month-^1946
I
Retire,
222,738 shares outstanding.'-;
130,300
Bender has been
165,
166,
Co.—Earnings—
$1,159,654 '
$4.84
343,798.
Underwriting
as
taxes.—V.
Light
Balance-
1947—9 Mos.-*-1946
$1,078,765
<
Gas
4,930,845 * //Net oper. revenues./V
Non-oper. inc.—net_,__
■
Medical
C.
.!
7.584,971
:
New
Jan.
1 ,697,845
,
that
portion of premium
and
ex-'
bonds which Is equivalent to resulting reduc¬
Taxes
32.669,000
6,862,802
_•
on
*
'
outstanding_i^._^.__
share
i_c_.
158.
2,051,658
j
representing
income
Operation
With SEC—Offer to Shareholders—
'
Charge
Federal
Period End. Nov. 30—
$3,055,000
4,386,602
$213,498
p.,
:
..$341,309
_-/_ j
redemption of
on
in
889,982
-
in the corresponding
167* p.
shares
per
62,293
------
—
Haverhill
of
1947—Month—1946
amort.—
charge
-Net 'income
'.
-71944
33,861,000
$467,414
/• $2.10:
.
;
President.
M.\
a
Chevrolet—Passenger.
and
.;
;' j' 598,200
1947—3 Mos.-^-1946
'
th $60,647,107
w
revenues
income
493,828
882,471
$1.87
166,
dent
//*'K
PRODUCTION OF MOTOR VEHICLES BY GM DIVISIONS
199.033
201,316
406,754
the
were
Period End. Dec. 31—
16/776 '
oper.
Other
1262,296
*2,114,233
3,380,107.
per share_^—
Effective
,
1 ,664,608
16.776
—_
1 322.528
Guardian Life Insurance Co. of America—Promotions.
December,
November.
1 011.426
.i 1,840,431
1,551,641
-
311836,000
$416;162
Earnings
passenger cars and 427,588 were trucks.
the corporation produced a total of 194,477 cars and
trucks in the United
States and Canada, the highest monthly produc¬
tion
for
the
year
and ' 20,443 more units than were turned out in
In
41,480,000-
profit
Capital
—V.
1,925,858 cars and trucks in the United
1947, it was announced on Jan! 9.
Of this
during
1,390,215
146,100
141,892
with
-
produced
Canada
'82,685
154,167
Maintenance
—
of
Net
!,a
December, 1946.
and
126,068
107,154
/
/
148,471
9 Months End. Sept. 30—
■
preferred stockholders in the fourth
quarter of 1947, 21,645 were holders
of the $5 series
preferred stock and 8,975 were holders of the $3.75
series preferred stock
which was sold in
States
546,902
Profit alter charges
Federal income taxes
common stock of record Nov.
13, 1947
balance of 30,620 represents nolders of
preferred, stock of record Oct. 6, 1947.
Theso figures compare ~ with
406,340 common stock-1
holders and
30,577 preferred for the third quarter of 1947.
Of the"
corporation
6 167,230
188,245
/
,
.Net'- sales-
with
t"®
Output in 1947 Higher—
1946
$16 843,068
7,507,585
acquis.
Sales—
stock-•
compared
552,096
139,633
$1.14
$2,945,000
Aftert taxes, depreciation* etc.? Based
crease
There were 405,763 holders of
This
$3,363;000
■
961,647 V 510,856
.
income-—
/
1945
»T.
.compared
:
and
436,383,
was
and
1946
Grocery Store Products Co.—Earnings—
common
.-1947—12 Mos,
■
$1,426,753 $19,068,941
taxes
Broadway, -New
120
I./For, the nine months-to Nov. 29/ 194T, retail sales
Stockholders Number 436,383—
number
York,
New
'
$4,025,000
railway——
from railway—--/.
ry.. ©per. income^.—
-Earnings
Corp. .and .other, important
proposed sale of General Motors Corp. stock interest 1n Bendix Aviation "
Corp. is not-related. to the commercial
relationships • between the two
companies.-
The total
<
Period End. Nov. 29^-
Aviation
™?id®rs for" the fourth quarter, 01 1947
/
..
Net earnings _a—
commercial
Motors
i
Other
Grand Union Co.—Earnings Below Last Year's—
:
in
Motors
of
Co.
1947
from
.
Bendix
ucts
conces¬
2558.
p.
388,585
»Deficit.—V. 166, p. 2310.
dis-
to
t
Western RR.—Earnings—
railway—
railway—
of its minority stock interest in Bendix through the proposed sale
pose
to
has
166,
Federal-income taxes—
1,024,835
555,939
Trust
from'
ry, oper.
Net
wholly-owned subsidiary of General Motors. 'We have-come
acquisition and operation by General Motors
Motors
{
ACCOUNT
1947-r—Month—1946
612.884
adjustments
$636,250
555,939
•'
shares
Midland
From Jan. 1—
Gros
to the conclusion that-such
feasible, / General
INCOME
$1,644,529
revenues-
plant
Interest
Trunk
Net -from
General
seem
Period End. Oct. 31—
Operating
Oct.
101,679
outstanding.
November—
■■■'■
./.
..
before
$100,209
are
$71,579.—See also V.
COMPARATIVE
Amort.
$7,104,219
257,756
shares)'
887
to be
Depreciation
$156,077
common
Marine
Grand
.
common
or
.
tion
consummated, General Motors will have disposed of the
remaining balance jof the stock interest it has held in Bendix Aviation
Corp. continuously sifcce; 1929.
aforesaid
I
York, N. Y., has been appointed transfer agent for-the 5% convertible
preferred .stock, par value $25.—V. 167, p?. 46.
v/lV?- V,.
sale has been
division
,?
166, p. 371.
The
When this
v
the
on
of expenses estimated
"Special
on Jan/ 8 made the fodowing statement in
connec¬
filing of a registration>-statemenfcuby Bendix Aviation
(which see) with the EEC:
I '
•
'
does not
tion
•• "
the
General
..
-
sion^/ The total proceeds to the,company are $3,315,650 before deduc¬
•'
-
Eai*ningslper
The-corporation
399,990 shares of
sustained,
>.
Net
General Motors Corp.—To Sell Bendix Aviation Stock
Corp.
in
Operation
Graham- Paige Motors Corp*—Transfer Agent—
with
was
'
profit
Common
$781,119
—.—
"
•
those purchased on the exercise of warrants and •
887 shares acquired in the open market, is $3,431,738.
The total *
underwriting, discounts and commissions (taking into account the loss }
499,300
profit..;
/__
I,
I——.
Capital shares outstanding
Earnings per ?hare_--__——
'/
foregoing, the per unit price to the public on 263,739
$12.50 and on 10,000 shares (including the 837 shares
the open market) was $13.50. /The, per unit Underwriting
the
j
to develop a plant- and: facilities
for
Carolina Giant Cemfent Co., Harleyville,
Sept. 30/47
Profit
$1,280,419*
Net
shares
number of unsubscribed
the
as
'.V.
54,600.
the
on
acquired
used
be
sales :_A
____
after charges and
Federal income taxes
1947
Net
tion
shares
' j
a
Net
30,
exceed
discount^ and-commissions on 263,739 shares are $.34817-and on 9,113
typographical error in that the bank ;
shares are $1.34817. On the 887 shares acquired in the open market
of $2,000,000.—V. 167, p. 46,*
'the underwriters sustained a loss. The total price to the public on all
a
amount
.13 Weeks Ended—
_
—V. 166, p. 2103.'
to
receiving inasmuch
are
not
Based
Maintenance
•
t&xes—
taxes—
writers
\
Goodall-Sanford, Inc. (& Subs.)—Earnings—
ENDED
MONTHS
the
company's subsidiary,
C,—V. 167, p. 154.
S.
''
Corp.—Earnings-—
EARNINGS FOR THE NINE
Income
'
,
called
in
the
company's plant at Meriden, Conn. '
The product is the housing tor a new permanent waving machine
made by The* Nestle-LeMur Co. of the same city.—V. 167, p. 153.
'
-
-
in the
registration, statement with the SEC
covering 564,906 shares ($1 par) common and 282,453 common stock
purchase warrants,
Underwriters are- Craigmyle, Pinney- & Co*, New
York; Winslow, Douglas & McEvay^ New York, and Jenfcs, Kirkland &
Co., Philadelphia.
Stock will be offered to stockholders on basis of
two shares of stock and one warrant for each share of common stock
Largest Plastics Part Produced From Synthetic Pow-*
ders—
is
repaid
The company
//.?
.
attention
was
29
shares-including
features
•'
.•
•
did
Dec.
Giant Portland Cement Co.—Registers with
Syracuse, N. Y.
The unit (Model 119) will
the company's "electronic reproducer" for
at
Co.—.Correction—;
Monday, January 19,1948'
console
automatic radio-phonograph
new
a
loan
installation, Mr. Chamberlain said.
pms
our
Our
the Receiver Division,
three-way receiver will
of
CHRONICLE
news-item concerning the placement of the preferred stock of
company, we stated that proceeds will be used J
to repay a $1,000,000 bank loan and to finance the expansion of the -;
recently purchased Koppiiz-Merchers, Ine. Brewery. '
;
y.
compact table model television receiver, Incorporating, both AM and
has been put into production by this company. - Deliveries
PM
to
Brewing
issue
FINANCIAL
&
revs.—
exps.____
'
RR.—Earnings-
1947—Month—1946
-$1,896,255
1,624,202
1947
11 Mos.—1946
$1,473,060 $19,264,107 $14,908,403
1,447,677
15,881,861
14,623,183
Net rev. from ry. oper.
$272,053
$25,383
$3,382,246
tax accruals
Equip, and joint facility
107,641
88,400
1,177,490
940,898
241,096
125,263
1,913,396
1,558,360
♦$76,684
*$188,280
$291,360
♦$2,214,038
4,030
3,705
51,066
39,050
♦$72,594
3,302
*$184,575
$342,426
*$2,174,988
3,155
37,276
41,613
41,566
456,443
36,736
458,488
$117,509
$229,296
$151,293
$2,670,212
Ry.
rents
Net ry.
Other
oper.
income-
income
Total
income—
Misc.
deductions
Total
fixed
charges.
<
$285,220
$5,000.
in addition to the minimum underwriting
aggregating $95,000, which the
under-
Net
deficit
—V. 166, p. 2311.
Volume
167
Number 4665
,
THE COMMERCIAL
&
FINANCIAL
CHRONICLE
(253)
9
'r
Indiana
Associated
Period End. Nov. 30---
revenues!
Operating
Uncollectible
:<<
Rent
for- lease
of
property
$2,818,903
$2,512,759'
2,814
2,513'
242
after
212,525'
Operatihg; revenues—'—!
Operation
$2,816,092
$2,510,249
2,246,485"
1,861,124
181,004
50
550
i,
-Taxes
292,005
334,496
income—//-
'
•$31,481
charges——
$277,052
$314,076
107,078
$25,341'
14,442
Utility
Other
The
Business
172,401
13,424
whereby
23,
1948,:
for
each
tional
Feb.
6,
will
New
be
Machines
then
Corp.—Stock
share
a
$1.50
for
meeting,
the
each.—V.
first
166,
will
The
to
Board
director of
of
capital",
the
F.
Corp.
New
—
President
and
F.
strom.
All except Mr.
corporation;—V. 166, p.
C.
Page,
Bellamy
F.
W.
Bellamy
E," Stockton
K!
retain
their
and
official
M.
to
the
value
per
securities
share/ outstanding
common
adjusted, to
Nov.
on
30,
V. 166, p. 2419.
on
at
as
market- prices,-
1947, and $28.74
in
1851/ was
14
cents
payable
1947
and
Oct.
20
to
17
assets
-
for
of
as
the first
Feb.
cents.
President
12' declared
shareholders
follows:
27,
Total
Crabb,
share
per
Feb.
were-as
20,
'
a
quarterly
quarter
of
May
of
21
; *
and
3J.,.
Aug.
21,
relocation
a
of
cents
the
E.
/'
*
Provision
Taxes
Prov.
for
depreciation
A_,
-
,
ekrns.
Other
fr.
.income
before
open
deduct;
spec.
chge.
of
5"77,953
879,193
'713,288
658,7&6
Gross
inc.
bef.
deduct,
debt
Interest
unfunded
on
Special
charge
Amort,
special
long-term debt
on
Amortiz. of
charge
26,843
23,667
$1,723,794
Crl,207
debt
33,978
——
200,000
1
Dividends accrued (
on
—v.
166, p. 1891.
the
/
1948
Income
and
Co.
of
.
;
$836,500
Net
for
Other
maintenance^—
profits taxes_'
_/
Net
Net
stock
The
for
(N. Y.)
company
455,454
97,905
139,346
$557,914
$523,201
number
_
.
75,000
Jan.
12
Jack
filed
letter of notification
a
with
the
SEC
common
&
Heintz
Off
Precision
Industries,
Inc.—Millionth
Assembly Lines—
The
millionth, motor
company's Berea Road
produced
p'an
by
this
assembly
Jan.
corporation rolled' off the
lines
in
Cleveland, Ohio, on.
9, Rebel
C. Stupp, Vice-President in
charge of production, an¬
nounced.,
•
'
The achievement'climaked a record of
persistent production progress
,,
which
enabled
Jack
&
Heintz
of
Todayr
60-cy<iIe
in
-
it
and
expanded
began
its- Electric
a
its
line
to
steady production
Motor
Division,
the
rise,
Barth
&
company
split-phase
export
horsepower electric
motor.—V.
fans.
The
.V-v
1
manufactured
to
the
166, pp. 1994 and 1684.
com¬
with
!
'
,
by
mining
activities
so
the
Feb.
Sullivan
industry
a
undertake,
to
obtain
to
greater
approximately
76.3%
by
represented
was
the
1946,
such
corporation's
of
sum
precision
of
amounts
May "31,
of that
Dec.
on
19,
manufactures
by
entered
into
agreement whereby
an
but-unissued
stock
of
National
Under the
of
names
of
40%
the-
the
in
that
event
'•
principal
stock
common
rep¬
each
Co.—
'
*■
has
'
v
no. of
2,000
Kebbon, McCormick & Co.—
1,000
A.
1,000
1,000
—-___
Parker
and
9,000
Kuhh, Loeb
&
M.
Kidder &
Lehman
1,000
&
Co._
Co.!
exps:_
Brothers
306,184
in
,
-
Pont & Co.-—
Marks
& Co.
4,000
—
—-—-
Schwabacher
2,003-
&
Co.*_
1,000
Stringfellow
3,000
3,000
Scott
1,500
—_
Shields & Co.————
&
4,000
Deane & Scribner— 4,000
Smith, Barney & Co.—— 6,000
Stein
Bros.
Stroud
&
Friedrichs & Co
1,000
White,
4,000
1,000
on
•
The
Weld
&
CAPITALIZATION,
1,000
GIVING
EFFECT
TO
amendment
the
($100 par)
Co.—
to
authorized
cumulative
increasing
the
the number
from
1,000,000 to
that the class of
.corporate
articles
capital
preferred
purposes,
proposing
poration
to
proposed
amendment
eliminate
a
and
3,000
3,000
of
shares
of
authorized
preferred
stock' would
on
therefrom
voted
Dec.
11,
1947,
amendment
the
upon
shares
at the
of
of
238
8,012
321
340
9,521
340
12,002
461
/
August
—
September
_________
13040
530
15,582
577
13 733
572
15*000
650
October
Noi'ember
.
December
—V.
(estimated)""
167, p.
~"~r
154.
'
Kalamazoo Stove & Furnace Go.
J
A
9 1\/Tne, End.
Mos.
o/v
profit
Capital shrs.
Earnings
*
outstdg.__
1946
and
1945
1944
t$290,634
$422,729
$397,803
300,000
300,000
300,000
$1.41
$1.33
300,000
share__„_
charges
211.
p.
_
1947
$225,116*
per
After
165,
(& Subs.)—Earnings
0
^
Sept. 30—
"Net
-
/;
.
$0.75
Federal
'
Nil
taxes
tLoss
after
tax
"
carry-back.—V.
Kansas
Oklahoma
&
November—
Ry.—Earnings—
.-
1946
1945
$457,5-19
$317,221
$334,345
$360,825
199,272
from. railway____
from
railWay/___^._
130,988
165,674
207,598.
Net
ry.- oper. inconre-___
From Jan. 1—.
Gross
Gulf
1947
Gross
'
1944
90,441
63,138
91,835
3,421,166
1,372,638
4,048,901
2,040,261
3,875,555
2,104,199
898,112
railway____
Net from railway_
Net ry. oper.
income/__
•—V. 166, p. 2311.
59,635
4,529,569
2,006,104
from
622,246
838',779
919,273
-
Kentucky Water Service* Co;, Inc.—Preferred
Stock
Offered—The Bankers Bond Co. and Smart
& Wagner,
Louisville, Ky., on Jan. 3 offered 10,000 shares of
6%
cumulative preferred stock
(par $25) at $26.50 per share.
Sale of Common Stbck
Privately—The company in
December sold privately to the
underwriters and to indi-r
viduals 47,000 "shares of"common stock
(par $5). The
stock will be held as an
investment. Price
or
received,
total of
a
Transfer
par
$235,000.
Agent,
Citizens Fidelity
Bank
&
Trust
Co.,
Louisville, Ky.
Sell Bond
Privately—Company has made prelimi¬
arrangements for the borrowing- of
$800,000 from
an
insurance company, to be secured
by a first mort¬
gage on all of its properties to bear interest at
the
nary
rate
to
per annum,
20
The
over
term
a
of
years.
terms
therefore
and to. be amortized
of
this
subject
to
loan
"have
company has borrowed"
repaid out of the proceeds of
HISTORY—Company
the purpose
Utilities Co.,
number of
of
not
negotiations.
the
was
acquiring
which
has
been
Pending
$800/000
the
approved
bank,
a
of
such
and
are
this
loan
loan
to
be
premanent financing.
organized
Dec.
water. and
owned
finally
consummation
from
and
1,
1947
in
Kentucky
for
ice
properties from Kentucky
opeiated those properties for a
years.
PROPERTIES—Under the terms of a contract dated
Dec. 15, 1947,
consummated Dec. 22, 1947, the
company acquired from Kentucky
Co. for $1,150,000
the
water utility
properties now serving
the
Kentucky cities of
and
Utilities
Carrollton, Clinton,
Earlingtonr Greenville,
Hickman, Middlesborb, Mount
Sterling, Shelbyville, Somerset, Ferguson,
Stanford and Wickliffe,
Ky., together with the source of water
supply
from which the
city of Sturgis, Ky., now obtains its
municipal water
supply at wholesale rates; there being
excepted from the above the
lakes
which
but
constitute
and
has
of
.included
the
in
of
source
Earlington.
contracted
to
the
sale
and
water" supply
Kentucky
sell
Hickman.
to
-
the
three
are
-
ice
Utilities
company
plants
serving
preferred
stock
mortgage
first
(par
stock
cities
of
these
therefrom.
the
cities
of
-
Authorized
cumul.
Common
the
retains
water
/
CAPITALIZATION
6%
for
Co.
(par $25)
Outstanding
20,000 shs.
bonds—
10,000 shs.
50,000 shs.
$5)
47,000 shs.
$800,000
*
*Tq be sold privately.
"
None-:
1854,856 shs.
effective
(a)
shares
shares.
200
—
9,514
July
The
Outstanding
changed- by
100,000
Daily
Average
6,208
May /
FINANCING
incorporation,
was
of
3,000,000
further
was
of
stock
stock
-
5,500
Co——
3,000,000 shs.
.
/
*
:
4,000
—_
100,000 shs.
($1 par)„
r
3,000
Authorized
^Cumulative preferred stock
(since
Dec. 15
built/.its 100,000th engine since taking
Detroit engine plant on March 3, 1947, it was
June
lakes,
2,000
Co.L.
Co
PRESENT
subsidiaries
5,005
Midd-lesboro
4
Common/stock
$687,474
March
1,000
—_
Dean Witter & Co
:
75,000
$2,205,951
April
2,000
zz
Co./——
Wisconsin
104,000
Monthly
4%
Co
863,300
3,190,000
Production
Also
&
349,700
792,600
125,000
surtax
110,000
its
of
Stanford, Clinton
Werthelm
Johnston, Lemon
Boyce
Inc.__
Walker-'&
h.
1,558.300
32,576'
—'$5,705,824
Spencer Trask & Co.,— 4,000
G'.
'
'
92,843
tax/______„
taxes
Tucker, Anthony &
1,000
4,00o
W. E. Hutton &
Co.———
&
Co.
,100,392
91,746
432,000
-i
15
3,000
Curtis
$5,184,598
130,886
790,000
—
from 1,876 on March 3'tb
3,350.
Engine production by months
follows: '
of 4%
Piper, Jaffray & Hopwoofl— 1,000
Reynolds & Co._
4.000
4,000
&
and
;
1,000
$10,051,710
foreign subs._^__
tax
announced.-,--,
day
creased
3,000
M.
$4,945,363 " $1,951,283
239,235
149,603
af 145,000.
6,000
;
Laufence
Labouisse,
resolutions
1,191,828
4,976,386
Bedford, General Manager of the Detroit
Engine Division, said
increased its'output of
engines from an average of 200 a
March to* mor& than 600 a
day in December,
Employment in¬
7,000
—
Carl M. Loeb, Rhoades & Co.
——"2,000
J. J. B. Hilliard & Son
Hornblower &: Weeks_^_
determined
3,134,766
advertising,
plant
To
'"■?*''
Kay, Richards & Co.__
Co—_ 9,000
Corp
Hill Richards & Co.—1,000'-'.
for
•
—
corporation
T.-A;
severally
Shares
9,000 '
&
to
its
addi¬
underwriters
which
Straus & Blosserr
(b)
*1945
21,364,163
and its wholly owned domestic
consolidated.—V. 166, p. 2661.
the
follows/
as
Forgan- & Co._
(par-$l)
30
$13,752,224.
10,609,110
terms
obtained
an
option
shares -/which
would. increase
Haydent. Stone & -Co._—4.000
Hemphill, Noyes & Cb._/__' 4,000
and
SEPT.
The 100,000th
engine was completed in 10 months and 12
days after
Kaiser-Frazer took over the plant at
12801 East Jefferson Ave.,
Detroit,
Mich., on lease from Continental Motors Corp.
Continental has con¬
tinued to build engines for K-F at
its Muskegon (Mich.) plant.
K-F's
automobile production for
1947 is estimated
Net
1947.
Company; also
_
of
funds
including
"1946
36,603,181
—
operation
recently
The
&
an-
$4,400,-
Kaiser-Frazer—Builds 100,OOSth Engine—
were
represented
was
approximately 35%.
approximately
Torrey'
1947,
ENDED
company
The
which $479,249
(W.
& Co,
class
of
machining
Singer,
:!B-y
of
payment
general
mining
purchases
business.
$879,249; of
5,500
Graham, Parsbns & Co.—2,000
Hayden, Miller & Co
1,000
22,
the
amount
operations and
increased receivables
costs,
$9,745,526
income
„
1947',
30,
and
as
income
over
company
by those two
than competitive
.
Paul; H. Davis & Co—4,000
Howard,
to
company's
YEARS
____
general
excess-profits
'
in
A. E. Masteti & Co
1,000
2,000
Co—------1— -1,000 *•"' Merrill Lynch, Pierce,
Bear, Stearns & Co._
Fenner & Beane__'__
3,000
5,500
A. G. Backer & Co. Inc-.
4,000
Mcore, Leonard & Lynch—. 2,000
Blyth & Co., Inc
;
6,000
Newhard/ Cook & Co..—_r 1,000
Boettcher-and Company____ 1,000
Pacific Northwest Co.——
1,000
Clark, Dodge & Co.——__L_ 4,000:
Paine, Webber, Jackson &
a
and. capacitor-start motors, -50-cycle motors for
trade, oil-burner-motors, washing machine
motors'aird-'spe¬
cial ' application motors, serving-industrial customers
throughout the
world.
In
addition,
every
open-type
refrigeration
condensing unit
produced by Jack & Heintz is equipped with a J. &
H. fractional
the
of
as
•
Va-horsepower models.
include
Ve-, V4-' and V2-
INCOME,
_
normal
manufacture of
by National Mine Service Co,
Applegate
G.
Glore,
OF
expense
"^The
petro-.
incorporated
the
* agreed
to- pay the - aggrgate sum of
$175,000 on Nov. 15, 1947; $175,000 on
March 15, 1948; and $175,000 after Sept.
Sdpt/. 30;--1949.
The payments due on
Nov.
are
Securities
in
1947 to exceed its 1946
output of
horsepower electric motors bv almost 800%;
Motor :prodhetion .in 1947 totaled 885,946
against a 1946 aggregate of 102,697>
The
corporation
enteredr the
electric
motolfield
in
May,
1946-,
originally producing only. special application
•
construction,
on
.
company
;,•/, ,yNo. of"
Pressprich
Drexel
inventory
income
dissolved!
and
on
shares
fractional
Shortly thereafter,
horsfepower motors
<
production
increasing
Fauset, Steele & Co
shares (par
$1), to be offered at $2 per share-.
Underwriter, E. P. Frazee & Co., New York.
Proceeds will be used to'
pay liabilities incurred in building
stadium, etc., and working capital.
Motor Rolls
carried
offer
to
company
to
issued
r'■:
Cohu
and
income
income
Net
has
and
15/ • 1947 have been made and as at Dec; 31, 1947
approximately 20% of the issued and outstanding
to purchase
W.
applied
the
its
general
corporate
purposes,
for' the compahy's expanded
sold_
in inventories of
Delaware
machinery
was
in
axial-flow
Sept.
the
National.»
Estabrook & Co.___„
Stadium Corp.—Files with SEC—
on
the
to," rather
$140,000y-additional
is
Francis I. du
Islip
such
,
34,104
$1,118,001
deducts:
2559.
p.
•
448,579
__L——ICIi
and oth.
income
166,
of
ownership
'
J.
$1,104,398
bonds
disct. & exp.
1921,
company
Bacon, Whipple & Co.!
Baker, Watts & Co—
$1,083,897
be
to
$51,325,094 $29,444,293
Federal
cor¬
8,
remainder, $400,000
which were paid in full
Redpath
502,000
$1,075,084
;
earnings
of debt
Delaware
a
follows:
prior-tb
Dec.
for
Auchincloss,
654,336
29,314
on
!'
by
which
cost.
interest of
as
Geo.
471,425
526,000
earnings,
income
Interest
have
effective
merger,
for
inventories
Federal
On
on.
the
the
the
Adamex
$5,666,299
2,954,642
432,250
retirements—
Amortiz.
of
and
owned
Hallgarten &
1946
-
698,431
operating
of
mining
in
products
ended
until,
1947,
stock
agreed
R.
1947
$6,185,656
3,453,891
and
excess
used
Ladel,
of
lower
UNDERWRITERS—The
Delaware—Earnings—
Other, taxes
Provision
the
inter-company profits
rebuilding
and
and
purchase
tional
will
added
Provision for incentive
compensation
Provision-for
industries
1939.
7,
Shares
Southern Utilities
expenses
at
year
cash,
company
the
$980,940--
12 Months Ehded Nov; 30—
Total operating revenues
Operating
of
engineering
consideration
as
payable
capital
$1,096,805
260,306
159,380.
~
..
and
sales
agreement
1947
:
Iowa
of
concentration
minority
15,
42,538
$1;140,32Q.
preferred stock———
Balance
other
Feb.
Oct.
on
engaged primarily
approximately 65%
15,
percentage
—
fields.
to .purchase -authorized
a
the
235,716
47,255
Nov.
agreed
30,
345,314
utility plant acquis, adjustments-/,,
charged to construction—Cr___
Net income
1,438
of
manufactured
"
assets
manufacture
company
Dec,; 15,; 1947; $175,000
22,200
——
be
——_
equipment
believes that
equipment in
also
are
formerly carried
line
purchased
of
and
-/$700,000,
499,935
5,680
of
Interest
including
certificates
purposes.
goods
Total
company
such
resenting
$2,163,111
397,958
expense (net)
disct:, prem. and
the
Va.) engaged primarily in the business
of mining machinery and in the sale of
machinery, -performs such services for the company
mining areas east-of the Mississippi River;
repair
it
$2,139,444
—_______i___
—/;
the
/
the-
the
fiscal
in
in certain'
of
Interest
and
paid
partf for
297,340'
$1,696,952
(net)—/
of
research
had
rate
paid
On
Net
has
consisting
sharesholders
outstanding in the
company
will
available
Operating
and
marine- and
incorporated
products
company's 4% notes,
National Mine Service Co.
449,838
681,313
—.
o.ther than Federal income taxes/__—_—
for est. Fed. inc. and excess
prof, taxes—
machinery
Pennsylvania
acquired
was
the
3,587,572
622,663
•
of
<
in
supplementary
Breckenridge
was
$7,"765,436
.
4,705,163
/
-
—
business
pi-oducts
conveyors, and
businesses formerly
were
the
company
1946
$9,244:069
__
Maintenance
other
belt
the
$51,325,094
the
at
1947
of
Interest
including cutters, mechanical loaders, transportation and
equipment;
15.8%' by
industrial and construction equipment;
.7.9% by prospecting drills and contract drilling.
On
May 31, 1946, the company purchased the real estate, plant/
from
Co.—Earnings—
revenues.
Operation..
but
stock
no
which
under
of
made Jan. 13,
was
equipment, tools, -supplies, Inventories, good will and business of, the.
Breckenridge Machine Co. (Ohio), which specialized in close-tolerance
machining of parts and also in the custom-building of machine tools.
.
proceeds
the
Engineering;
selling,
administrative and
and
each;
E.
other
Cost
other
in
/
12 Months Ended Nov. 30—
$128,669
net
of
working'capital required
machinery,
year; -
8, 1948 were $8,588,323, according1 to
Chairman of the board.—V.
166," p. 1684J
Service
be
State
mining
petroleum,
the
other
production
fiscal
"
v,
„
in
as
and
sales,
During
Payments
12
and
industrial
enabled
distribution
current
Jan.
of
business
29;-1926,
addition
Ladel
istrative,
V#'-
Jan.
and
Public
Operating
treasury,
to
amendment
stock
$1).
1947
complete line of-trackless mining equipment which has been pioneered
by the company for the mining of bedded mineral deposits.
In addi¬
tion, the merger has enabled the company to consolidated it's admin¬
1946.—
dividend
the
record
91,800
Offered—Offering
principal
company's business.
Company
Iowa
the
such
capital
(par
which
Sales, less returns—
•'
.
incorporated
the
well
which
The
and
of
Jan.
-
construction,
general
chain
volume
on
102,600
stock
common
.
Similar
was
March
continued
the
$26.47,
31,
Co.—Stock
and' sale
engaged
as
and
on
shaker,
31,
Dec.
was
Dec.
•••''.
directors
80,417
28, 1946, Sullivan Machinery Co. (Mass.) and Label Con¬
Manufacturing Co. (Ohio) were merged into and with the
Sullivan,: which was incorporated in: Massachusetts
on'
1913, at which time it succeeded to a business established
company.
Dec.
26,
Investors Stock Fund, Inc.—14-Cent Distribution—
The
89,650
Feb.
veyor '&
has
owned
$27.07
21,992
*■'
.
with
in
for
entitled
are
balance
STATEMENT
—
municipal governments.
corporation.
Ohio
Investment Co. of America, Los
Angeles, Calif.—Asset
per Common Share—
'
;
1947,
Ltd.a.
BUSINESS—The
States.
equipment
the
AND
since-carriedvon
leum
1891.
v
company
On
Value, $26.47
compared with
S.
P.
Sept/ -30, .1939, the company
poration of the same name
a;,.,
M.
:
with
status
to
The
panies,
asset
Co.
stock
shares
are
25,067
—-
in underground
mines, and the company
largest/manufacturer of such machinery and
and/sold
Sun-
E.
A.
will
Ltd.;
Co.,
used
the
United
and
They fill the vacancies
Arnold,
Fullam,
the
sales/ increased
&
manufacture
largely
the
net
held
stock
latter
after
authorized
,
Hallgarten
is
loans
and
$347,945
25,067
$25,283
S.
"O"———__
Manufacturing
the
it
and
Co.
Transmission Co., and Trustee of Rice Institute.
created by the resignations of H. A.
The
Company,
ah
common
2559.
p.
HISTORY
Directors—
Wdolworth
W.
P.
$342,191
$102,831
and
paid—J;
subscribed.
*
Telegraph
101,054
market, by a banking group headed
Co., R. W. Pressprich & Co., and
Adamex Securities
Corp. The initial offering price to
the public was
$36.75 per share. The issue was over¬
by
shares
2559.
&
of
$448',999
98,035
after the close of the
cash
a
1948,
Republic Aviation Corp., and of various shipping inter¬
ests; J, Patrick Lannan, director of the Federal Electric Co. of Chicago,, of Henry Holt & Co., and of the
Missouri Pacific RR., and George R;
Brown, of Brown & Root, Houston, Texas, founder of the Texas Eastern*/
E,
1948.
have
common
The
Machinery
bank
and
185,000 shares ($1 par)
notice.
declared
on the
directors
the
$440,226
7,862
•
.*
166,
Joy
that the
further
Joseph W. Powell, Trustee of the Massachusetts Institute of Technology,
J.
the
PURPOSE—The
the
Other
Alleghany Corp.; Robert McKinney, Chairman of the
Davis, Farm Machinery Co. and a trustee of
Bethany College; W. Ran¬
dolph Burgess, Vice-Chairman of the National City Bank of New York;-''
Deloraine;
of
issued.
000,
amendment
the
director of
15,
will
1946.
28,
-
29, the following new directors were elected! Clendenin J.
Ryan, former Secretary to the late Mayor La Guardia and now active'
in investment banking; real
estate; mining and oil development; Allan
a
8,802
&
dividends
Balance
-V..
mailed
Dec.
of
$440,196
16,538
22,043
"C"
23.
Jan.
on
until
be
shares
the
Kirby,
$423,688
"B"
Common
stock
frac¬
of
for
issued
directed
13
quarter
p.-
Telephone
Added
director
122,500
$27/873
requirements J.
shares
Jan.
on
share
be
stock
filed
be
Jan.
on
distribution
said
will
practicable.
as
will
Exchange
ex-
International
On
Sullvan
$33,145
-
shares
is
Names
147,167
1,192
9'427
i
j,
dividend
Preference
outstanding on Feb; 19, 1948, which will include the additional
resulting from the stock split-up.
The cash dividend is pay¬
10 'to holders
of record
Feb.
19, 1948.
The present. outstanding-stock in 1947 received four quarterly cash
of
been
$31,954
$37,299
L
Preference
March'
dividends
"Jan.T
and
Preference
shares
able*
shares
243,007
129,166
7,135--
income
income
Pref.
capital
business
additional
an
additional
thereafter
stockholders'
$1
of
of
close
certificates
the
for
incorporation
Stock
quoted
the
of
effective,
855,594
150,658
10,417
$30,165
(net)— —-
-
'
be
-V.
10,833
income-
oper.
income
Gross
Split-
the
of
split-up
a
the
at
Scrip
soon
of
approved
three-quarters
held.
as
York
Following
13
record
"Certificates
not
dividend
of
receive
share
1948, or
certificate
the
The
Jan.
holders
shares.
stock
of
accruals;
1,065,974
263.006
23,725
10,560'
-
held
-solely of 3,000,000 shares of
tExclusive of 3,630 shares
$2,032,494-1' $1,808,455
79,207
"
holders
1947—12 Mos.—1946
$155,804
12,138
i"
Income deductions —1
,
on'
stockholders
stock
•
_
166, p.: 2559.'
Up Approved—Increased Shares to Receive $1 Cash Div.
P.
$170,013
93,889
22,988
'L——L_l
reserve-
Net
to
/_•—_,
_—
Retir.
550
35,559
50
35,063
/■
International
to
1947—Month—1946
oper.
-
Net oper.
—V.
$241,954
.
Period End. Oct. 31-
Maintenance
Operating taxes
Net
$242,196
$279,119
Operating
revenues--..
Operating
expensesz_—
„
(& Subs.)—Earnings-
become
1947—11 Mos!—1946-
$279,399
:280
rev.-'
oper.
Jamaica Public Service Ltd.
Corp.—Earnings—
'V|' * *
1'^.-. V4
*'
Telephone
1947—Month—1946
*
the
directors
articles
preferred
stock
it
167.
be
tHe
sold
to
or
to
company
common
placed
be
stock
under
selected
are
option
by
the
held
to
board
by
one
of
the
com¬
or
more
directors.
47.
o.
adopted
of
stock,
of
Oil
CONSOLIDATED
SEPT.
J7et income,
incor¬
which
stock-
Industries, Inc.
EARNINGS
was
necessary
the
annual meeting
will
Kerr-McGee
$100);
common
be
and
executives 'of
—V.
creating
(par
Subsequently
not
Dec.
pany
remaining 3,000-shares of
$151,599
2662.
30,
(&
THE
Subs.)—Earnings
QUARTER
1947
was
earned
by
$320,339
was
its subsidiary,
ENDED
--
before Fed/and State income taxes—
NOTE—Of the net income,
p.
FOR
earned by
Fen-Ter
•
■
$471,937
the company and
Refining Co.—V.
166,j
10
Koppers Co., Inc.- -Earnings—
Perlod End. Sept. 30—
sales
♦Net
income
-
shares
Common
'
s
—-
share—_____
$
Operating
for
charges
tAfter
write-off
value
dates
at
amortizing
of
Federal
unamortized balance
$1,308,865 representing
consolidated subsidiaries
a
in
their
of
excess
of
Net
book
1947—Month—1946»'
Sales
166,
applic.
V
from
Gross
Net
'
$281,805
railwayL—
railway—-—
oper. Income
from
Net
ry.
1946
1947
cum,
7%
71,763
Net
from
Net
ry.
—V.
47,488
36,751
2,864,505
1,763,827
651,383
1,412,758
1,432,383
997,427
377,051
775,192
166,
2420.
p.
22.5%—
1947—12 Mos.—1946
$7,147,000
bylaws
1,242,500
360.000
360,000
360.000
$1.44
$0.70
$3.45
$1.68
holders
from
the
of May
Tuesday
to
as
•Stockholders
vote
Jan.
change the date of
Other
that
the
Lehigh Coal & Navigation Co.
»
directors
of
has
—V.
and
$7.38
Net ry.
$4.93
.
Net
$3.33
Net
ry.
—V.
Dec.
on
1947.—V.
31,
*<
166,
p.
The
1,929,127
$0.86
$0.98
$0.77
Lehn
before
federal
1945
1944
$501,762
as
,
♦Net
158,886
85,778
of
Earned
6,213,160
5,276,469
1,953,042
1,259,338
1,520,200
759,000
Net
914,168
739,362
842,847
1,207,704
♦After
1,148,522
Products Corp.
income-
$349,780
$298,408
$3,302,339
1946
1945
62,460
984,696
Dr
17,110
7,372
109,149
646,727
82,350
income-
$226,663
$228,576
$2,208,494
Dr)_
rents—net
.
oper.
."
Power
&
Light
$83,668
$109,795
34,000
42,000
54,000
$41,668
400,000
$0.13
$0.14
$50,591
400,000
$0.07
$0.13
v
.charges and 'taxes.-j-V. 1,66, ,ps 76,l.j
•»>;.!
1947—Month—1946 V, 1947—11 Mos^l946
$15,983,621
_
—V.
.
;
Libbey-Owens-Ford Glass Co.—-Record Sales
88,000
80,500
1,094,500
1,967,580
21,413
21,413
256,958
256,958
$194,234
$166,835
$2,400,109
$2,623,994
Dr21
Dr 1,988
Drl72
Drl,882
$194,213
$164,847
$2,399,937
9
Months
2,714
16,766
$167,561
$2,416,703
$2,662,407
approp.
res.
utility
of
$1,152,301
Federal
•Net
income
Tax
oper.
revenues
fr.
plant
income
income
(net)
income
and
oth.
chgs._
31,000
45,103
531,784
shares
per
$122,458
$1,884,919
—V.
applic. to preferred stock for period—
356,532
166,
Life
p.
Fed.
1946
Profit
Net
-Tf-Vj, ■ 165, P« 212...
$3,444,153
$1,314,761
$815,054
700,280
700.280
350,140
$2.74
~
w-
$1.87
•_
,
V:
outstanding..-....—
common
share
___,
;;
until, the
late
W. B.
Koykka
ended
Jan.
kwh.
167,
for
p.
back
1948,
3,
is
has
next
been
annual
appointed
in
;
V.
the
$1,457,480
(Arter & Stewart and
Geo.
in
election.
Wm.
the
law
He
fills
firm
board
the
340,688
$468,472
450.000
$2.03
$1.04
,
,
—
of
460,386
$1,146,715
$925,697
$1,172,352
$1,162,230
$1.44
$1.16
$1.47
$1.46
ended Sept.
1946.—V.
to
1947
30,
compared
as
30,
with
165,
73,109
the
net
$458,880
profit
was
$556,665
$0.58
for
the
or
or
quarter
212.
p.
mechanical
in
always
are
it
reasons
companies
arrange
Dredging
is
always
not
alphabetical
alphabetical
exact
near
as
Corp.—Earnings—
1947—3 Mos!.'—1946 1
'
$497,485
>
this
:
and
of
charges.
;%»
v :>
is
Shoe
D.
on
an
$560,009
Sales
30.8%
$12,622,402
will
the
$7,610,267 $71,992,773 $60,213,552
vote
this
March
proposed
initial
plan,
will
and
when
amounts,
be
approving
on
passed
by
two-thirds
of
was
of
the
proposal
a
to
recommending
of
board
the- stock
directors
outstanding
j*. V
such
approved
of
$40
made
the
off.
the
share
time
(including
While
additional
it
are
stockholders, should permifc
by May 1, 1948.
Further
to
time
the
that
of
stated
will
they
the
as
rental
be
cannot
distributions
indications
be
made
should
assets
the
are
Baltimore,
definitely
at
in
or
this
what
approxi¬
aggregate
'
share.
a
by
per
from
debts
paid
nresent
$10
mately
if
distribution
pier)
time
17
corporation,. i-rA' resolution
stockholders
*;•
are
•
"Tne board has given constant study to developments in the shipping
industry and to the possible future of the coastwise business In par¬
ticular, and is convinced that the rehabilitation and modernization
the
resume
$5,760,807
*617,624
t 79,869
company's facilities that would have to be effected in order
operations would require a large expansion of capital and
be
hazardous venture.
a
It
has concluded
of the company."—V.
166,
p.
that the best solution
2105.
Merchants Refrigerating Co., N. Y.—Filing with SEC
On
tax refund.-
Jan.
9
shares
Backlog of
class
Cooke
Record
1946
1947
Miners Transportation Co.—To Dissolve
1948. " Approval
13,
is liquidation
tAfter charges and income
Higher—
—Calendar Years—
1946
1946
1947
z
&
dissolve
to
Md.,
Co.—Earnings—
Sept. 30—
Nil
•
Stebbins, President, further announced:
to
1946—Has
189,400
$0.04
giving to Federal tax carry¬
sale of equipment of $126,453.—
Corp.—Current
necessary.
would
in
profit
$9,951,764
and
of
Those
t$140,537
after
1947
course
A.
>
charges and taxes.
fLoss
$46,000 and
stockholders
.Jan.
on
1947—6 Mos.—1946
$205,331
1945
$8,280
shares
sales
liquidate
Co.—Private Financing—On Dec. 22
borrowed $1,750,000 from the Mutual Life
Co., evidenced by 3% series A notes, payable
.
1946
189,400
share—
taxes
Merchants
Copper
•
1947
189,400
$0.25
capital
166, p. 2312.
"The
.
Co.—Earnings—
$46,290
of
distributions
Double
share_
55,550V
shares.
&
V.
165,
letter of
a
stock
B
Lucas,
p.
notification
filed
was
with
tne
SEC
for
1,000
(par
$1), to be offered at $15 per share through
York.
Proceeds go to selling stockholders.—
New
sales
exceeded
$19,500,000
3170.
Meredith
1947, as compared with $9,415,986
Jan. 12 bv Harvey T. Gracely, President.
in
unexpired
Bonds
(Including
Wholly-Owned
tEarnings
stated
Mr.
first
six
that
preliminary
Gracely said
months
of
"will be
at
for
1947
than
more
$25,000,000
for the
year."
♦After
share
charges
—
1946
$968,848
—
$645,257
$1.50
_—:
and
outstanding.—V.
Federal
taxes.
tBased
,_■
backlog of orders "is the largest in the company's history."—V. 166,
25(0.
'
Merritt-Chapman & Scott Corp.
Profit
Wallace
J.
Falvey
has
been
elected
President
and
John
J.
Federal
Falvey succeeds his
the founding of the
1947.
Mr.
Wallace
Flynn
'
'
•*'
-
had
J.
Net
father,
T. J. Falvey. who
company in
1907 until his
was
President
death
k'
term
The
Dec.
Alkali
Works
shs.
——
borrowed
•
on
Dec.
5
and
$2,500,000
;
292,005
$4.29
.v
:■
'■
v
$2.12
v.
(Stated
in
Canadian
on
Period End. Sept. 30— '
22,
Gross
fr.
■:
$1,545,244
Oper. exps., incl. deprec.
1,457,165
V
■
Net
earns,
oper.
income——
(& Subs.)—Earns.—
Currency)
1947—Month—1946
opers._
tAccrual
and
Tenders Sought—
f^tjThe Manufacturers Trust Co., 55 Broad St., New York, N. Y., will
^ or before Feb. 9 receive bids for the sale to it of sufficient preferred
stock to.exhaust the amount of the sinking fund, at prices hot exceed'Ing 110 and dividends.
'
:,.V '
$706v177
292,355
;
•
of
annual
$88,079
$135,328
188,000
185,000
int.
skg. fund chgs—
Net earnings
•
/ *$99,921
V ♦Deficit.^ tOn .bonds and ;d<ebepture
■'
1947—9
V
—
Mos.—1^46
$1,469,791 $14,830,154 $13,543,ail
1,334,463
12,797,991 ,11,385,368
r
■
465,,450
$1,335,603'
share
Mexican Light & Power Co., Ltd.
(Inc.)—Bank Loans—
$1,000,000
_
outstdg.
i
company
$1,171,627
814,825
—V.
:
\
profit
' 194€»
1947
$2,150,428
___:
taxes—
Earnings per common
166, p. 160.
and
under an agreement with certain banks, dated Dec. 27, 1946,
by 2% notes, maturing Dec. 4. 1948, and Dec. 21, 1948,
respectively.
The money will be used
for
general
corporate pur¬
poses.
On Dec. 22 there were $5,500,000 of notes outstanding under
the credit agreement.
'
.
Placed
income
Common
Dec.
on
had been Executive Vice-President
been Vice-President.—V. 166, p. 1995.
Falvey
'
Sept. 30—
charges—
Flynn
Executive Vice-President.
Mr.
after
now
v/■•-V.;;/
/
(& Subs.)—Earnings
9 Months Ended
Massachusetts Bonding & Insurance Co.—New Pres.—
$1.00
shares
645,000
on
164, p. 2960.
He said,
the
p.
per
Subsidiary)
1947
—
schedule for the
"contemplates a production volume consider¬
He predicted that production volume for 1948
1948
the rate of
figures
that Marion's manufacturing
ably in excess of 1947."
Merrick,
priced to yield 2.95% to. maturity.
Proceeds will I be
used for property improvements and ex-papsion.—V. 162,
Publishing Co.—Earnings—
1946.
directors
Privately—Harris, Hall & Co. (Inc.) on Jan. 12 an¬
nounced the private placement of $1,000,000 first mort¬
gage 2%% bonds, series A, due Jan, 1, ,1976. Bonds were
422,536
35,004
3 Months Ended Sept. 30—
♦Net profit
$4.92
McKeehan,
162, p. 3194.
Telephone & Telegraph Co.
326,222
54,325
per
The
evidenced
Lincoln
213,606
166, p. 2420.
—V.
9 Mos.
of
Cottrell.—V.
________
com.
credit
Retail
$809,160
544,000
-
$269,160
Mathieson
partner
1,879,465
indicated net profits,
after taxes, will be approximately $900,000, compared with $129,455 in
Stewart.
a
1944
$3,575,190
Period—
1946
450.000
outstanding
share
1946, it was announced on
2,
the
1945
—Nov. 24 to Dec. 31—
•___
sales-
He
1
to
1946
155.
1482.
p.
profit
from
Mr.
week
company
Net
Lincoln Electric Co.—New Director—
of the
the
1947
taxes
1790.
Net
taxes.—V. 166, p. 1685.
Koykka
Ltd.—Earnings—
1,748,463
Subs.)—Earnings—
Marion Power Shovel
as
V.
(&
taxes
Magma
'■
$1.85
^
Mines,
profit
♦After
372,^.;;;^_-"'"vA^»
Insurance
$6,170,000 $16,520,000
3,136,939
3,136,939
"After charges and
to-serve
per
166,
the
$2.44
3 Mos.
_„
$1.74
—
SejJt.
♦Net
profit after charges
and
350.140
ty.\
jy
472,600
$2.92
$3,398,901
McWilliamS
(Ky.)—Weekly Output
Sept. 30—
Period End. Nov. 30—
Net
$857,007
$2.32
:
;
Thomas
for
company
Madison Square Garden
'?
2,789,433
i; \
472,600
9 Months Ended Sept. 30—
'
Liggett & Myers Tobacco Co., Inc. (& Sub.)—Earnings
per
this
Co.
$913,480
shares
^V. 166,^,
$3,646,440
2,629,099
;
$824,760
1947
However, they
position as possible.
1944
1,056,021
•••
748,000
r
Orders—
1945
$2,370,782
Period Ended Sept. 30, 1947—
♦Net income
(est.)
shares
Electric
profit'
Capital
Earnings
Sales
$1,920,232
No. Of shrs. outstanding
Earns, per share,-
Earnings
of
&
charges
income
♦After
1,340,763
l.'. Net profit
Common
Gas
output
after
Federal
Net
$3,260,995
federal taxes
873,000
,
$1,381,894
2,050,257
share
per
Number
Lynch Corp.
(& Subs.)—Earnings—
1947
taxes
1,572,760
2,223,245
Melville
•
Savers Corp.
before
1945
$9,522,486
$5.83
NOTE—For
$1 15
9 Mos. End. Sept. 30—
Profit
1946
2,254,894
372,600
order.
$1,554,402
»
totaled
34.285,000 kwh., as compared with 32.358,000
corresponding week last year, an increase of 6.0%,—V.
§7,613
2211,
V;<
$3,337,180
possible
166, p. 2662.
Electric
$252,293
$1.76
"when,
;
.
1,714,000
shares
the quarter
For
ended
356,532
-—$1,528,387
Louisville
.S$J?5l
140,108
Toronto
a
$1,910,934
Balance
p.
share
on
$3,637,892
liquidated
outstanding
common
and
14
develop—
per
751,473
$163,111
income
9 Months Ended
Common
Jan.
1947
Porcupine
798,000
$0.70
leased
others
Interest
19416,
156,345
.
Montreal
on
4,471,482
income
♦On
.
$2241966
—
rights
857.
provision
♦Earn,
__
—
1947
share
a
The
held.
$2,757,482
incl.
Net
plant
adjustments
Gross
;;
$408,638
V
profit
Earnings
—V.
30—
taxes
of record
to 900,000
$10
$17,785,758 $10,952,848
taxes
Depreciation
757,469
one-fifth on June 30, 1953 and the balance in eight equal
half-vearly instalments beginning Dec. 31, 1953.—V. 166,
charges
Sept. 30—
income
40,295
$194,333
Net
Income
Corp.—Earnings—•
Ended Sept.
after
shares
two
share
p.
$2,622,112
120
retir.
'
Profit
each
price of
a
903,336
Biggers, President, on Dec. 26, said in part.:
"Net sales of this company will be close to
$100,000,000 in 1947 as
compared with $63,350,000 in the preceding year.
This is a new high
total of business for the
company."—V. 166, p. 2420.
Loan
for
subscribe
to
at
Offered—
shareholders
to
right
value
opening of business
basis.—V. 166, p. 2560.
State
per
Costs,
7,082,395
John D.
Liberty
share
the
par
charges
and
166,
$15,259,675 $13,591,732
951,231
—V.
,
.
offering
of
no
6 Month End. Sept. 30—
8,614,036
1,942,841
$13,024,453 $100,878,883 $91,320,472
167, p. 155.
the
21
of
j.
after
Gross
68.839
Lerner Stores Corp.-^-December Sales Increased 22.7%
—V.
72,851
2105.
p.
profit
1947—12 Mos.—1946
595,252
$55,795
400,000
$26,714
400,000
shs.
Sales
166,
the
sales
Net
Co.—Earnings—
1947—Month—1946
taxes
9 Months Ended
$84,591
Period-End. Dec. 31m, -v'
$815,114
$0.33
Jan.
new
at
Number of capital
$1,965,323
219,462
1944
17,000
share
all
MONTHS
3
1947
$2,694,400
106,007
(net
93,270
( & Subs.)—Earnings—
1947
$43,714
capital
THE
31,
203,725
announced
shares
one
if issued",
Profit
185,411
2,011,991
1,416,246
of
12 Months Ended
82.000
57,516
817,254
5,828,736
2,479.128
taxes
per
basis
and
145,000
taxes
83,314
profit
Number
Subs.)—Earnings—
FOR
OCTOBER
McGraw Electric Co.—Earnings—
101,245
expenses
Federal
143,792
Sept. 30
Fed.
Freezers,
appliances,
1995.
1947—11 Mos.—1946
$1,163,320 $14,725,842 $12,278,020
725,396
8,989,135
8,085,258
$468,910
140,491
has
business
of
common
Exchanges
taxes—_
oper.
Dividends
1946
276,529
provision—
tax
(&
EARNINGS
expire at the close of business Feb. 18.
The rights were admitted to
trading on the
Ry.—Earnings—
809,794
ry.
Net
6,851,260
& Fink
of
p.
will
Earned
3 Months End.
Profit
close
the
on
accruals-
tax
Other
to
158,835
Income—
line
166,
share
common
"
Operating
1,929,127
.
155.
p.
Maytag Home
company's
outstanding
company
the
additional
2211.
i§47—Month—1946
expenses-
acquis,
$672,873
income—
oper.
167,
per
at
remain
oper.
income
ry.
Amortiz.
264,599
railway
railway
the
McColI-Frontenac Oil Co., Ltd.—Stock
$1,399,582
1945
$713,969
from
from
that this
;
Earnings
From Jan. 1—
Gross
to
Maytag stated.—V.
profit
shares
$1,495,263
1947
oper.
Mr.
♦After charges and taxes.—V.
$1,405,819
Operating
railway
railway
additions
Manufacturing Co.
Common
$225,562
revenues
Increased—
November—
'
-Earnings-
$1,892,408
1,929,127
outstanding-—.,—
share
from
..$333,402
,
Operating
of
from
Dutch Oven Gas Ranges and
of
recent
Mclntyre
Lehigh & New England RR.—Earnings—
Net
President, said
_
number of
which
Louisiana
increased its indebtedness to a total of $2,800,000 on
which $2,000,000 has been borrowed under the term loan
$800,000 under a revolving credit.—V. 166, p. 761.
Gross
II,
Sales
♦Net
company
31,
Maytag
years.
•
166, p. 2312.
Other
The
17
CONSOLIDATED
\
,
1723.
Period End. Nov. 30—
After charges and Federal taxes.
Dec.
Fred
ENDED
1,665
share—
company
Including
1995.
Maytag products nearly doubled those of any previous
increased,"
McAleer
$499,938
the
to
166, p.
22,500
\
7,182
stock.—V.
—
third
recom¬
1946
$1,654,954
shares
Debt
>
(& Subs.)
1947
profit
per
920
its common
on
statement,
sales of
Earned
of each year to the
with the year 1949.
board
9 Months End. Sept. 30—
'■
22,500
subs.,
revenues-
Prop,
Earnings
of
oper.
facil.
Net
adoption of the above proposal in view of the recent
by the Commissioner of Internal Revenue of the application
of the corporation to change the end of its fiscal year from Sept. 30
to Jan. 31.—V. 166, p. 2420.
Capital
Total
Federal
amend
to
proposal
a
approval
♦Net
year-end
the first time in
in
co.
period-
limited
the
Railway
the annual meeting of stock¬
Tuesday in January
each year, commencing
advised
on
the
mended
23,778
and misc
common
3145,
Equipt/ rents
211.
p.
27
last
in
are
of
business
Federal
Corp.—Changes Fiscal Year—
will
of
Railway
604,100
360,000
stockholders
so
stock
taxes
end
pp.
to
Railway
Jt.
the
24,478
a
Stock
$4,834,100
253,000
charges and Federal taxes.—V. 165,
common
adj.
company
close
1947—9 Mos.—1946
$1,780,800
517,100
Lefcourt Realty
comparatively
has steadily
861
subsid.
of
•Period End. Nov. 30—'
1947—3 Mos.—1946
____
The
32,705
32,665
23,515
Louisiana & Arkansas
$2,645,200
___________
Capital shares outstdgEarnings per share
♦After
32,665
V
sinking fund not needed
released
corporate purposes,
year.
shares of $1 par common stock of
outstanding and which have not been
acquired
by Schenley Distillers Corp; or affiliates, this issue was
suspended from dealings on the New York Curb Exchange at the
Co.—Earnings—
Period End. Sept. 30—
income
?Net profit
$305,245
Logansport Distilling Co., Inc.—To Go Off List—
t
Gross
$413,265
$3,999,113 $50,980,185 $45,211,666
$4,897,493
.
Lane-Wells
Sales Rose
1947—Month—1946
___.
—V.
$157,039
148,206
stock
in the
general
Maytag Co.—Reports Profitable Year—
In
780,521
Bryant, Inc.—December
Sales
208,877
its
of
company still has
a
sizable backlog of unfilled orders for washers.
He
pointed out
that the
company
had a profitable year in 1947
which resulted in the institution of
regular quarterly dividends for
i
"The output
pfd.
pfd.
on
per
164.
/Due
Period End. Dec. 31—
$204,388
310,544
period
public————
at
Earnings
this
Lane
of
it
2,910,522
2311.
p.
12,969
—
Balance
30,876
2,213:221
income—
oper.
166,
14,307
22,500
stock
years
$160,237
$3,782
3,624,810
railway
railway,
18,803
stock
of
paid
Prior
—V.
from
381,992
$170,008
interest
called
1944
iFrom Jan. 1—
Gross
455,615
$218,695
prior pfd. stock
pfd.
Prem.
$187,025
.
599,710
int.
—
partic.
Common
.
1945
$258,230.
115,575 :
98,397
93,173
minority
at begin,
cum.
7%
Ishpeming RR.—Earnings—
November—
by
$277,782
min.
dividends paid:
6%
hands
Lake Superior &
to
income
Cash
1947—12 Mos.—1946
2560.
p.
used
$296,585
taxes)—
for
prov.
.
$24,930,512 $23,667,039 $155,359,900 $150,926,508
—V.
bef.
Surplus bal.
previously been
Kress & Co.—December Sales Up 5.3%—
Period End. Pec. 31—
income
be
for any
the payment of dividends
$552,000
$674,310
$896,295
securities remain
or
purchase preferred stock tendered shall be
to
; • $588,326
taxes.
acquisition which the company had
ten year period.—V. 166, p.( 1994*
of
over
(S. H.)
"■
of
securities
of
cost
and
inc.
Income
'
♦After
Federal
Net
Whatever monies
to
1945
1946
1947
(incl."provision
expenses
Monday, January 19,
-Earnings—
(& Subs.)
;
,
(CHRONICLE
FINANCIAL
Sept. 30—
Operating income
77,037,392 155,168,299
1,897,229
16,098,070
915,550
l,115,550
$1.52
$4.92
1,115,550
$3.89
Service Corp.
Nine Mos. Ended
12 Mos.'47
.
;$
t4,788,826
outstanding——
Earnings per common
'
119,701,014
——
_
Lincoln
"1947—9 Mos.—1946
'1.
Net
&'1
THE' COMMERCIAL
(254)
;
$2,032,163
$2,158,443
■
♦$49i672
1,692,000
,
$340,163
^tock,,.^including,
of which is dependent upon available Income.—V.
1,7,35,000
,,,
those
166, p. 1686.
,
$423,443
payment
Volume 167
Michigan
Number 4665
Bell Telephone
Period End. Nov. 30—
Operating
44,007
rev._
revenues—
7,026,329
operating
after
—V.
699,727
income
$946,337
683,827
950,721
charges
166,
2560.
p.
»'
exp.
Revenue
•Net
profit
creased
after
labor
the
taxes.—V.
80.35%
19,467
17,491
18.505
$348,347
*29,014
costs
and
a
the
of
adjustment
$23,242
of
The
The
directors
Dec.
on
miles
of
bus
the
to
south
The
stock¬
to
distribution
the
authorized
29
Pacific
The
between
block
St.
1947
will
Mutual
Oliver
Paul
of
has
company
17,000,000
requisite
bus
J.
the
bus
225
buses
which
in
1947
than
more
operated
\
Executive'Officer
the
the
the
of
its
lines
with-those
of
American
,
from
Net
from
Net
ry.
1946
1944
$134,335
35,225
$136,465
30,145
$133,995
42,540
14,042
$170,208
17,025
23,028
47,265
19,904
November—
Gross
railway-
railway—
income—
oper.
tation
1945
1947
Philadelphia and New
from
Net
from
Net
ry.
exclusive
—V.
1,528,711
railway——-
351,347
488,858
487,594
251,453
44,000,000 bu
1,536,359
227,255
536,319
income--
1,577,211
130,831
1,793,816
230,270
.
and
$214.95
Missouri
Period End. Dec: 31—
—V.
1947—12 Mos.—1946
1947_Month—1946
$2,446,000 $19,445,000 $19,206,000
$2,545,000
•—.1—
—
•
.
The
166, p. 2420.
,the
Place Debentures Pri¬
Miller Manufacturing Co.—To
will be added to working
ance
debentures' constitute
These
issued
1945
debentures,
State
(see
V.
162,
would
provide
Net
un¬
3,482,177
The
Provision
Profit
for
for
Federal
estimated
taxes
year
Dividends
on
Dividends
on
income
on
———-—
class
Comstock
166.
were
This
craft
abrasives
In
is
company
reported
to
be
acquiring
and
other
■
'>■
<
charged
Pacific
sales
Administration
said
the land
and buildings
It
$1,538,455.
FOR
profit
Capital
—
shs.
Earnings
AND 9
3
2,785,881
2,898,324
1,951,530
share
•After charges
$1.43
,
8,381,830
1,951,530
1,951,530
1,951,530
$1.49
$4.30
$3.38
„
Oper.
•Net
No.
•After
...
share
per
charges
1,125,490
1,292,522
1,344,543
$0.84
income
taxes.
V.
166,
p.
Power
Period End. Nov. 30—
Gross
revenue
Operating
Prov.
for
$7,168,320
3,172,261
47,167
42,167
561,000
498,583
9,233
EE}
4,500
337,583
__—
127,140
taxes.
Net
Div.
140,491
106,063
778,968
j
706,820
914,130
Amort.
$148,659
of
294,018
272,696
debt
Cr307
Cr353
Cr4,076
Cr4,264
Cr201
Cr 1,026
Crl9,938
1,256
$120,811
prem.
$126,258
$1,365,894
1
1
"
10,049
110,228
120,594
■
;' Net income
DivS.
1
on
pfd.
stock——
j-L-V. " 167,
$113,106
$116,209
$1,255,666
$1,329,069
the
V.
An
new
than
more
for
order
President, on Jan. 11 announced that during 1947
equipment ordered and capital improvements incurred
Fraser,
value of
totaled
25%
44
new
of
its estimated
Diesel
1947 gross income.
locomotive
units
placed
at
close
of
switch
over
to
Diesel
railroad's
complete
units
will cost
long-range
an
plan
Diesel operation.
estimated
begun
The
new
$7,000,000 and
two
order
years
will
ago
to
ments
Sept.
it
of
its
Orleans,
to
pay
may
Year, of
$4,922,633
503,847
454,923
12
of
months
that
it
has
arranged
—
to $25,000,000, extending
draw when funds are needed. for
.•/; '«
./
" *•
• --ttrif
that
the
had
company
par
Dec.
on
(& Subs.)—Earnings—
announced
-The
Jan.
on
plant
the
The
3,535,478
1,726,546
125,000
125,000
1,500,000
1,500,000
322
13,113
:
6 1,093
$730,152
$689,170
$7,656,301
4,758
68,012
in
1943
lead
comrises one
of
tracts
land,
$693,928
$7,724,313
major building
Cooker
Pressure
Co.
(&
1946
stock*
dividend
were
and
to
as
Dec.
of
$6,292,658
$5,635,294
957,534
957,534
$4,677,760
*
50
holders
of
follows;
cents
per
record
June
8,
share
Jan.
60
1, 20 cents in cash;
Co., Inc.
(&
on
the
19.
Pay¬
in cash;
cents
none
1946
$52,561,013 $34,582,184
—T——
—_
—
5,793,294
—
—
1947
1946
$2,558,500
$2,393,300
$3.52
________
common
$3.28
share—
164,
States
revenues—
Telephone
p.
oper.
&
Divisions,
Lakeside
Co.
$11.58
$5,541,550
4,653,919
3,205,595
taxes, depreciation and
$6.40
the
include the Martin Motor and Witt Gauge
and
Co.,
Ltd.—V. 166,
y/A- ■.
(Canada)
including
subsidiaries, Century • Metalcraft Corp. and
its affiliate, National Pressure Cooker
company's
Aluminum
other oharges,
2106.
p.
J'."
"
/
■■
..-V
v.''- >»'"•
National Tea Co.—Current Sales Increased 29.7%—
Period End. Dec. 31—
1947-4 Wks.—1946
$
company
$
$
\
16,751,582 217,915,913
157,641,672
Dec. 31, 1947, had 702 stores in operation,
the end of the preceding calendar year.—V.
on
with 693
1947—52 Wks.—1946
$
21,722,465
at
com¬
166,
2561.
p.
New
England
the
For
Gas
ended
week
Electric
&
Jan.
this
9,
Association—Output—
Association
reports electric output
16,159,569 kwh.
This is an increase of 1,634,384 kwh., or 11.25%
above; production of 14,525,185 kwh. for the corresponding week a year
.ago*'~ 'V
rias output
is
at
reported
233,751,000
cu.
ft.
This
is
an
increase
ofr2rpi2,000 cu. ft., or 10.19% above production of 212,139,000
for
J^id' corresponding week
cu.
ft.
a year ago.—V. 167, p. 156.
New England Telephone & Telegraph Co.—Earnings—
Period End. Oct. 31-^
1S47—Month—1946
$
Operating
revenues—
Uncollect,
oper.
$
12,720,671
11,204,626
25,703
20,986
rev—
1947—10 Mos.—1946
$
226,096
10,458,489
taxes 1——
1,050,638
income-
1,185,841
1,195,849
9,561,788
750,339
814,526
5,400,274
Net
Net
oper.
after
—V.
12,694,968
charges^
166,
$
116,640,103 106,715,161
Operating revenuesOperating expenses
179,961
11,183,640 116,414,007 106,535,200
9,173,593
97,377,615
86,919,017
814,198 ' 9,474,604
8,089,636
11,526,547
7,554,436
2313.
p.
Orleans Public
2055.
Period End. Oct. 31—
Oper.
Service
1,574,209
expenses
Federal
Other
taxes
411,570
taxes
Prop,
1947—11 Mos.—1946
Net
279,407
249,553
3,205,106
3,181,650
294,500
3,705,000
3.731,523
$218,114
$217,744
$3,706,998
$3,676,420
9,418
11,997
136,402
124,961
$227,532
$229,741
$3,843,400
$3,801,381
87,604
88,490
1,059,219
1,062,016
7,428
9,065
227*60
288,187
$132,500
$132,186
$2,556,721
$2,451,178
res.
revenue—
oper.
1947—12 Mos.—1946
$2,452,667 $32,538,414 $31,167,128
1,440,356
18,760,516
16,623,320
250,514
3,160,794
3,954,215
300,000
retirement
Other
Inc.—Earnings-
1947—Month—1946
$2,783,300
revenues
Oper.
Telegraph Co.—Earns.
1947—Month—1946
48.
p.
Subs.)—Earnings—
since.—
Subs.)—Earnings—
Sept. 30—
698,200 common shares.—V.
structures
55.—V, 167,
1947
sales
New
(net)
income
$4,733,933 $54,190,210 $49,841,274
15,450
165,945
121,870
$4,718,483 $54,024,265
3,762,841
46,484,425
$49,719,404
4,740,809
38,938,166
5,202,314
$436,254
$2,799,031'
Gross
1,415,077
on
Other
income
Mort.
int.
bonds
and
deduct.
$5,578^24
;332,998
480,796
519,388
Net operating income_$380,295
after
•
/236,398
*
Net
Div.
2421.
11 smaller
other
__
—
p.
and
the
and
acres
contingency reserve Of $400,000 in 1947.
$7,147,884
a
Fredericks-
Plant Corporation for
nickel-cobalt-copper ore.
It
and
•After providing for
Int.
166,
a
the Defense
by
ore
56
one
earnings
Earnings per share
$7,092,462
55,422
31
$1.37
of
3,861
—:
the sale of
12 Months Ended Sept. 30—
3,001,112
2,116,486
Jan.
460,000
$4.01
government
•Net
pared
1947—12 Mos.—1946
143,849
payable
'
5.
appropriations
Operating
1946
—1,343,000
Co.—Subsidiary Buys Plant—
crude
-a
property
two
Net
$1,730,206 $20,319,971 $18,532,509
493,308
5,494,732
5,210,974
2663.
Mountain
1947
share
built
was
processing
The
4,496
this issue in
on
*
$23,777,000 $10,617,000
$626,616 and has an appraised fair value of
$247,200.
The plant is a complete independent operating unit, but
depends upon the purchaser for ore supplies.
4% prefer¬
conditions.—
$5,335,124
per
'
.
—
(estimated)—
National Lead
value
market
—
9 Months Ended
S.
,
The War Assets Administration has approved
9
$734,648
in
U.
operations - to Cuba, the com¬
flown more than 15,000 passen¬
have
—
NOTE—Sales and earnings
through
up
:
100%
Between
National's
a
278,879
approp._
stock,
Operations
1947—9 Mos.—1946
$6,309,477
de-
&
directors have declared
•Based
8314,860
the first anniversary of its
entry into
on Dec.
15, 1947.
It extended its routes
Tampa and Miami gateways on Deo.
15, 1946,
the
National
231,928
revenues-
p.
profit
*$621,147
burg, Mo., milling plant to its war-time operator, St. Louis Smelting
and Refining Co., a National Lead Co. subsidiary, for
$210,000, was
Texas &
limited-term
income
17,
,
192,979
.
•
Earnings per common
—V. 166, p. 2561. v
cost
171,177
473,544
—
Net
Corp., the
the
sales
in
claim
subsidiary
New
1947—Month—1946
Morrison-Knudsen
-~V.
Pacific
$1,615,335
credit
'V
income
on
19,518
Cr363„443
$32,265
%
4,500-horsepower three-unit freight locomotives of the A-B-A, or
cab-at-either-end; type, dnd 16 3,000-horsepower two-unit A-A type
Motors
via
Net- profit
166, p. 668.
locomotives.
The Electro-Motive Division, of General
One
Cuba—-
the
$2.16
include
four
$176,327
6 Months Ended Oct. 31—
Morgan Engineering Co.—Resumes Common Dividend
The
19,775
'
of
210,000
$5,515,010
the
income
National Battery Co.
St.
in
$2.40
Operating
revenOes—
Operating expenses
Operating taxes
will total about $68,000,000, Mr. Fraser said.
order for
of
caused
subsidiary
holders
courts
210,000
income for the year
new
Missouri
of
the
of
Federal
$0.81
26,540
part
the
its
against
claim
165, p. 2280.
rev._
a
'
Co.—Earnings—
Uncollectible
The
the
Lower
excess
$1,721,567
Period End. Nov. 30—
the
Cr363,443
•
corporation-marked
foreign air carrier field
i
on
thft'' year brought the Katy's total equipment purchases and capital
improvement costs to over $18,000,000, while the road's estimated gross
is
objec¬
210,000
income' (net)
Earnings
Missouri-Kansas-Texas RR.—Orders 44 Diesel Units—
"•Donald
investors'
on
:•>" 160,943
oper.
common
Net
155.
p.
in
announced
-
res.
166,
$527,357
19,232
taxes
income.^
Operating
V.
7,705
1—
Balance
claim
Balance
$1,449,663
on
Other deductions
t
rule
$638,563
$596,922
applicable to preferred stock for the period
-V.
$1,719,351
28,357
$147,468
22,589
$1,635,898
debt-
—
long-term
on
Federal
Havana
Net
868,870
'
income
Gross
Int.
to
acquis.
plant
adjustments
Fed. income
2,449,537
*$965,358
3,409
against its subsidiary, New
to
bonds.
announced
of
utility plant
acquisition adjust.-
Gross
$55,450
the
the
s
$6,383,653
231,923
depreciation..
of
Amort,
$553,198
279,510
for
During
Co.—Earnings—
investments
1947—12 Mos.—1946
$622,152
_
under
Amort,
Other
1947-r—Month—1946
—
expenses
General taxes
incorporated
1357.
Co.—Earnings—
'
Power
retirement
Net
$4,404,182
3,876,825
in¬
from
(net)
2420.
of
$3;808,975
4,774,333
'
20,000 • into- the Uhited ■ Btates from
Cuban capital.
Freight shipments both ways have been virtually at
capacity, with
the
bulk moving between
Havana and New
York, via Tampa and
Miami, the announcement said.—V. 166, p. 1582.; '-
.
149,169
210,000
line
which
upon
taxes
pletion
4,117,778
_
_
—.
and Federal
Mississippi
Tool
13
a
taxes
Amort,
from
range
,
".
under
1
$19,060,859
$3.19
—
—————
shares...
Earnings
1946
$35,916,919
>—-——
_
profit
of
1947
Eiyled Sept. 30—
features—were
models
1947—5 Mos.—1946
$724,921 V- $902,336
'•
for
expenses
Other
outstanding
standard
for
306.
p.
pany's big 46-passenger DC-4's
gers
into Havana,
more than
proceedings
new
$0.71
revenues
Prop,
sales
ito
investors
MOP'S
well
working capital.
p.
Federal
9 Months
other
taxes.—V.
previously been
Montana
Subs.)—Earnings
(&
the
.
,<./
incorporated
1947—3 Mos.—1946
Period End. Nov. 30—
Oper.
166, p. 1790.
Ontario Paper Co.
■
the
of
•
the
its-offering of 250,000 shares of $100
stock, series B, because of unsatisfactory
166;
194B—with
industry, full
chests, and an
food
1947—Month—1946
Y
Sales
6,595,330
and Federal taxes.—V.
Minnesota &
Net
12
the MOP
$1,845,184
Jan.
on
banks
years,
ence
V.
1947—9 Mos.—1946
$23,503,144 $20,009,469 $68,550,239 $52,309,301
outstdg—
per
MONTHS ENDED SEPT 30
1947—3 Mos.—1946
—
reopening
,
in
postponed
EARNINGS
Period End. Sept. 30—
Net sales
•Net
per
had
the
among
prices
166,
revenue.-..
Completes
2561.
r:
charges and
additional
cost the government
Manager
,
Missouri Pacific
}
company
three
announcing acceptance of the company's bid of $861,000, the War
Assets
$359.95.—V.
This
ICC is reopening the case
the Eastern District of
be
company
the
p.
_______
of
delivered
9,842
:
dividends
income.—V. 166,
group
■
Alexander
22.
retail
*$177,274
and
Monsanto Chemical Co.—Arranges Bank Credit—
a
products.
frozen
revenues—,
Continental
any reorganization plan .approved
Texas charters be maintained 1 or that
secured
Comstock
The
by
•Loss.
that
share
?
capacity
'846,886
secured
outstdg—
air¬
pound
902,195
Net
for
part
the
.
government-owned
a
the
subsidiaries
subordinated
or
5'/4%
profit
Capital
shs.
plant at Bristol, Pa., to provide additional production and ware¬
facilities to serve expanding eastern markets for "Scotch" tapes,
house
12
14
contended
disallowed
Pacific's
•After
Plant—
take
by
and
Period End. Sept. 30—
2560.
p.
Minnesota Mining & Mfg. Co.—To Buy
to
5y*%
Earnings
—V.
50
expenses—
on
Case—
the
owning $980,000 worth
bonds, objected to
the
claim.
secured by the road's pledge of New Orleans & Texas
•Net
204,626
i
13
Assistant
Texas."
Pacific's
Missouri
Net
17,573
stock.
common
The
Court
has
asked
Monarch Machine
$353,155
-
stock———
A
asked
overruled
Mexico
223,000
—
in
.
$10,565,227
be
50,164
—:—
and
-
..
that; these
of
objectors
Mr.
to
——
District
Pacific
It
Texas
intervene
27.
objectors,^allowed
plus interest totaling $7,500,000.
full,
71,722
deductions
State
W.
Missouri
and
oper.
Prov.
Washington,
stock.
should
•
$554,597
-
to
consolidated
or
Missouri
capital
$626,319
Other
a
Andrew
of
$4,036,775
profit
Other income
from
case.
Jan.
The U. Sj'Supreme Court agreed Jan.
October,
$71,170——.
of
for
of
Supreme Court to Review Claim—
to
to
come
'
tions
Jan.
on
Net oper.
.
Louis
Gross
Texas.
Their bonds
incl. depreciation
expenses,
but
in
sold
————
and
routes
bonds.
STATEMENT, YEAR ENDED SEPT. 30, 1947
INCOME
sales
Costs
authorized
publicly
State
York,
claim
Orleans, Texas & Mexico.
the
of
were
Texas
require
the
of
of
announced
Vice-President
freshener
Dec.
on
oper.
Total
this
The Continental Bank will take
part as "successor corporate trustee"
under the
Missouri Pacific general mortgage
securing its 5%
gold
1892).
p.
CONSOLIDATED
which
of
merged
laws
the
permitted
the-Missouri
laws of
"any
capital.
balance
the
of
$600,000
on
1
of Investments for
newly-created position of
executive promotions in the
the
National Airlines, Inc.—Earnings—
Total
to San
Pacific reorganization
the ICC
by
Jan. 2 announced
that the company has entered into an agreement for the
private placement of $400,000 5% sinking fund deben¬
tures, maturing serially from 1952 to 1970. The pro¬
ceeds are to be used in part to pay for the immediate
cost of the new plant in West Branch; Mich., which, it
is estimated, will be approximately $240,000. - The bal¬
vately—J. W. McDougal, President,
has
Hearings have been set
-at the instigation of "the
Missouri.
because
'*
York—Officials
Manager
miles.-
Bank & Trust Co., New
;
Sales
ICC
to
series
a
Period End. Nov. 30—
:*
President
Burlington Transpor¬
ICC Allows Texas and Bank to Intervene in
The
166, p. 2312.
Miles Shoes, Inc.^ -December Sales Increased 4%—
..
York
fruit
new
Suggested
approximately
railway—
oper.
transcontinental
in
Second
doors,
Francisco and Los Angeles.
Among
the many points served on its
17^)00 miles of bus routes are Chicago,
St. Louis, Salt Lake City, Oklahoma
City and Dallas, Tex.
The Amer¬
ican
system has 460
buses
and
last year ooerated
From Jan. 1—
Gross
three
operate
Silloway,
Other deducts,
a very complete service."
Buslines and its principal
subsidiary,
Co.,
F.
announced
company,
inclusion
and
appointed
department
cabinet-length
5,000
years
American
the
Nash-Kelvinator Corp.—Offers 1948
Refrigerators—
territory with
Midland Valley RR.—Earnings—
Vice-President
.Kelvinator's
completely-new postwar refrigerators for
top-to-bottom refrigeration for the first time in the
commenting on the sale, said: "The trend in
has been for railroads to get out of the bus business and
Missouri
Pacific,
in selling its interest to American,
felt that
recent
New
*
.
,
approximately
railroad
operation,
Securities Investment, has been
promoted to be Vice-President and,
Manager of Securities Investment, and Philip A.
Russell,, Industrial
Specialist, has been advanced to Assistant Manager of Securities In¬
vestment.—V. 167, p. 155.
<
of
Whipple,
investment
Stuart
Louis
Chief
of
of
operates
in
Patterson, President.
service
Missouri, Kansas,' Colorado, Nebraska, Illinois/
Louisiana and Mississippi.
Its lines run
miles.
Neff,
M.
securities
they run to Houston, Galveston, Corpus
Brownsville, Tex.; "Memphis, Tenn.; and New Orleans, La.
and
Co.
•
company,
has been
Financial Vice-President
E.
in
Insurance
this
Tex., were
be
Life
(
Texas,
St.
1947—12 Mos.—1946
stores
209
166, p. 2421.
t
Louis, Mo., to Omaha, Neb., and Pueblo, Colo., via Kansas
from
year before.—V.
a
had
1947
Promoted—
Louis, Mo., by Guy A Thomp¬
was opposed
by the Conti¬
Co.
December,
signalling
motion
Transportation
in
service
from St.
Christi
Central Illinois Stock.
approval of the Securities and Ex¬
change Commission, of one share of Central Illinois Public Service
Co. common stock, $10 par value per share, for each two shares of
capital stock of The Middle West Corp. such distribution to be made
on
Feb. 26, 1948, to holders of record Jan. 26, 1948.—V. 167, p. 48.
subject
railroad.
Arkansas, Tennessee,
for
C?ity;
holders,
the
Missouri
west
Middle West Corp.—Dividend in
soon
new
in
company
same number as
nental Buslines of Dallas, Tex.
2560.
p.
equipment ordered during
he declared.—V. 166, p. 2312.
new
-
year,
trustee
son,
was due primarily to in¬
decrease in passenger load
a
of
motion filed in U. S. District Court in St.
loss
credit
tAfter
said.
166,
Included
1947r-Month—1946
$20,603,444 $17,185,035 $119,358,579 $110,327,508
The
Authority to conclude negotiations for sale of the Missouri Pacific
Transportation Co., wholly owned bus subsidiary, to American Buslines,
Inc., was recently requested of-Federal Judge George H. Moore in a
105
$387,252
net
also
It
streamlined,
Missouri Pacific RR.—To Sell Bus Unit—
32,904
19,219
tThis
Texas.
new
11
(G. C.) Murphy Co.—December Sales Increased 8.2%
Period End. Dec. 31—
Sales
in
'
106
32,263
133,589
material
company
58.49%
$400,986
>
taxes
taxes.
and
factor,
income
5,307,656
45.754
and freight ton miles
carried
San
included,
6,606,075
138
revenue..,..
after income
within
97.45%
9,858,295
59.28%
tons
Antonio,
and
Much
5,766,846
9,687,089
5,742,134
flown_^—
passengers
loss
expenditure
freight locomotiye order, a
passenger
train to go into service
1945
97.56%
94.91%
flown™
mile^
Passenger
load
factor
Mail, express and freight
Net
$18,000,000
Diesel
the
to
the
that
The railroad's big yards at Dallas, Fort Worth and Waco,
completely Dieselized in 1947, Fraser said.
1946
1947
—
miles
passenger
Mail and
;
—■
passenger
Operating
11,360,223
6,857,295
Inc.—Earnings—
Airlines,
Month of November—
Operating efficiency
Capacity
said
Fraser
Mr.
equipment, both installed and ordered, to bring the total mileage under
block system to nearly
1,200 miles; new heavier rail and ties laid;
short-wave radio communication equipment now in use in yard service.
New freight car equipment, built or building under this
comprehensive
program, included 300 box cars, 200 open and 100 covered hoppers, 200
gondola cars and many other facility improvements.
.
Mid-Continent
Revenue
Co., and the Baldwin Locomotive
Co.,
will
locomotives, Mr. Fraser said.
the Katy's progress in its modernization program during
Louis
$7,377,347 $11,553,501
$1,036,888
(255)
new
addition
$7,947,880 $88,p30,430 $83,558,690
5,946,197
71*,435,794
60,748,584
964,795
9,217,289
11,256,605
$8,672,393
Net
FINANCIAL .CHRONICLE
Locomotive
the
Reviewing
1947,
&
Diesel-powered
Operating
Operating expenses—
Operating taxes—
Net
build
1947—11 Mos.—1946
.$7,971,19G $88,345,436 $83,778,205
23,316
315,006
219,515
$8,716,400
oper.
American
Co.—Earnings—
1947—Month—1946
revenues
Uncollectible
THE COMMERCIAL
.
/•r'
3,801, HS7
income —--
applicable
to
period^ );■ ^ 369,547
369,647
sC.ivac-t'fr. I,,' "$2,187,174
$2,081,631
pfd. • stock
for
the
12
THE COMMERCIAL
(256)
(& .Leased .Lines)-rEarns—
Central RR.
New York
.Period End. Nov; 30—
.
$
$
Railway
Ry.
61,703,293
48,790,050.-541,832.,612..503,287,402
revs.——
Net
♦Ry,
fr,
l'ev.
ry.
accruals———
tax
4,702,548 .91,676,873,
2,377/245' 55,020,578
8,756,403
3,112,337
1,714,410
oper.
.Equip, and Jt. facil. rts.
letter of notification,
a
ry.
.
29,775,489
v
Associated Telephone
18,5JL4,052
15,354,349
30,934,502
Operating
deductions.———
157,324
It'ixed charges\_———
3,415,306
' 121,205
3,274,336
37,301,806
1,706,806
38,079,571
income————
360,812
81,369,678
§2,284,571
taxes-
127,715
tl,616,479
Misc,
Net
—„
Fed.
♦Incl.
inc.
$225,336
245
7,470
1,656,241
37,496,251
Net
$225,091
§8,217,990
4930,491 *14,832,677
Int.
Int.
198,697
i
,
1946,
November,
Operating
28,914
y;;-:
Official Retires—
rev.
oper.
operating
of the company's retirement regulations,
R. D. Starbuck retired as Executive ViceTPresident on Dec, 31, 1947,
after more than 45 years of service.
He continues, however, as a
member of the board' of directors arid of the executive committee.
Operating
the provisions
to
1
expenses
Operating taxes
5,642,066
1,279,356
*./
;29,6.00,418
19,451,579
46,946.945
.14,549,359
,
' 7*442^204
$8,401,645
342,127
$9,016,738
$8,743,772
$9,342,531
.1,418,748
1466-877
rev.„•—
.*—.
(net)
—
,7,882,580
•
1,566,419,.
,
of
1,403,755
11,733
Cr52,014
'
interest
20,749
397,660
-325*793
15 398
-16.072
60,813
27,630
$7,370,440
.1,337,370
$7,887/211
$6,033V070;
>1,000,000
$6:549,832
'
net
prem. &
funded debt_
on
Net
-
inc.
of
0,540
before divs—
subsid.-—_
to
on
Divs.
on
$78,385,^70
Balance
53.402,314
12,401,052.
Per
—V.
;
stock____.
surplus
share
on
1,337,362
$8,068,862 ; $8,327,274
1,000,000
>1,000/000'
4,825,893; < , 4,825^893
.
pfd.: stock*
com.
<
$9,664,636
1,337,380
;
Pacific
i-ighting Corp.
«Divs.
$9,406,236.
1)337,374
;
,
Applicable
1947—11 Mos.—1946
$7,540,228 $84,331,451
5,174,593
61,199,978
1,148,276 .11,898,989
'
Pursuant
.
.29,355,684
$10,372,652 $10,772,248
'213,550
255,860
^8,134,719
chgd. to constr., Cr
Divs;
$7,557,096 $84,586/663$78,565,253
16,868 . : 255,212
179,983
$8,187,096
revenues—
.31,857,667
165,770
y-.•-^7y7/y
.
Co.—Earnings^—
$8,215,018
27,922
revenues
Uncollectible
§Peiicit.
ended. Novt. .30,, 1946,
in the 11 mpnths
094,700
4944
.
'
1947—Month—1946
Period End. Nov. 30—
income tax carry-back credits of $1,878,200 in
$409,289 in the first 11 months of 1947 and $16,-
Federal
v
1945
*
J"*0"?®.,' r;—— $10,586,203 $11,028,108
debt
exp.
$245,273
$184,914
72,268
.
tlricludes
—
funded
on
Other
1,176,071
207,566
$36,163
.,
< 7,904,790
oper.
Amort,
-
Ohio Bell Telephone
42,215,077
.14,172,066
retirements—
Other inc.
$1,620,041
2,086,611
$19,052
Net after charges-.—8,094
—V. 166, p. 2663.
income
oper.
1946
•.
1,720
$2,479,091
166,761
22,167
$237,859
194,462
24,345
.
taxes
(& Subs.) —Earnings—
1947
.
rev.-—;.$74,891,516i $65,061,854 $65,112i698n$63;006,305
-—*-.:
for
Net
$1,621,761,
$2,486,561
2,613
Operating revenues—
Operating expenses
2,025,863
— ———
,
expenses--
Taxes
■
1947—11 Mos.-rl946
$240,472
rev.*
,1,37.2,846
—*
,
Operating,
J5.5ft6.153
3,933,442
income
Total income
,
qper.
;
Co.—rEarnings—
1947—Month—.1946
Period End. Nov. 30—
Operating revenues—_
2,003,786
Other
12 Mos. End. Sept.,30—
Gross
Prov.
61,724,293
18.987.754
653,017
1,929,656
inc.—
oper.
♦Pacific Lighting * Corp.
with the SEP, covering
filed
was
,
Uncollectible oper.
Net
Monday, January.' 19^.1948
5 5%
Ohio
17,668^41- 16^68,651
1,672,286
9
sinking fund bonds, series 1948?1973,, to be offered at
par through Bioren, & po., Philadelphia, as underwriter::. Proceeds will
be used for personal and business requirements.
;
,
«
53,492,598.633,509,485 565,011,695
expenses—' 52,946,890
oper.
oper.
'
Jan.
$1-50,000
*
$7
"
t
CHRONICLE
(Joseph J.) O'Donoliue, TV, New York—Files with SEC
.
On
1947—rlLMos,—1946
1947—Month—r!946
.
FINANCIAL
&
4»2,242,960
4,825,893
$207,177
$723-,939
$3.13
$2,501,381
$4.39
$3.45
$4.55
st.k
com.
1,000.000
4,825,893
r
167, p. .156.
,
The office pfi Executive
Hearings
,
Feb.
on
the'abplioations~of Robert R.' Young, Chairman
27
(Including
and-Robert J. .Bowman, President, both, of the
the board,
156.
systems.
,
s;..;v
J
;
:• -7 7,/7,'.
:
,
-
Of
completion
a
purchase-and-lease
■
—
Prov.
24,940,224
rev._
,133,038
Operating revenues—
Operating expenses*—_
Operating
taxes**_____
1947—11,Mos.—1946
.
12,909,733 224,182,541 140,092,635
24,807,186
20,461,602
2,450,102
oper.
i
Co.—Earnings—
>1947—Month—1946
revenues
Uncollectible
V
New Development— V7
this
20,255,054
16,090,662
272,442
3,335,018
3,278.359
^
38,092
.
4681626
947,053
80,560
'v- 966,720
64i,850.
13,-260,515.
(4,860,487
80,560
,
;
675,532
!
taxes*j
income
$826,695
1,054,512
2,871,006
4,710,637
,
>
.
.
2,028,481
170,038
premium & expenseOther. deductions
^—
31,651
'12,664
29,399
376,967
.65,347
*111,609
________
$614,685
$614,448
stock__
80,538
80,538
$7,234,944
> 966,469
$6,485,807
966,469
$534,147
$533,910
$6,268,475
$5,519,338
Net
income
Divids.
pfd.
on
Balance
—V.
166,
.
7;'"/
1,001,287
11,993,065
741,790
.
houses, one led by Halsey, Stuart & Co. and one by Morgan Stanley
,& Co., are preparing to bid for the issue.—V.
167, p. 2562.
2663.
p.
Pan American Petroleum & Transport Co
Thomas E.
NOTE—For
-i V;y,
mechanical
reasons
it
i*
not
alway*
and
possible to arrange companies., in exact , alphabetteal^
order.; However, they are always as near alphabetical
position as possible.
"!:;f
families, to occupy the block between Second and Third Avenues
and 65th and 66th Streets, New York, N. Y., - the former site- of thd
Third Avenue Ry. Co's carbarn.
The New York Life acquired the
property at public auction in November, 1946. /
,/7
V'7'777
The
building will be 19
stories high, containing approximately
2,350 rooms.—V. 167, p, 156.
//.
7/;v /l;/;
10,550,464
16,907,069
8,483,006
<
The company has filed an
applioation- with the California P. U. Com¬
mission for authority to sell at
competitive* bidding $75,000,000 30-year
debentures due March 1, 1978, the interest rate to be
fixed by the
bid providing the lowest cost of
money.
It is expected that a registraticn
statement for ..the issue will be -filed with
the SEC about
Feb. 13,and bids opened about March 16.
Proceeds would be used to
repay
temporary borrowings from American Telephone. & Telegraph
Co. for
construction and other,, corporate purposes.
Two investment
362,117
6,766
;
-
1,895,482
1,374,581
To Issue $75,000,000 Bonds—
•
$9,030,279
2,070,745
$820,651$9,7,05^39
167,694
operating income*
after charges*.*i.,*'
Net
12,871,641 223.235,478 139.624,009
.11,121,462 191,619,685 118,240,820
748,892
19,622,728
10,823,725
.
Net
long-term debtof debt disct.,
on
Amortiz.
on
apartment
income
Gross
Int.
Dec. 18 made public plans for a new type of
building and garden development for approximately
company
1,578.658
with about 80,000. square feet of available office
'.7
■*'
.|V?
feet,
space.
city
Operating
-
$3,394,160 $42,383,533 $37,035,455
278,416
)
taxes
Federal
*
as its home office, was announced on ♦Jan. 45 by officials of the two
-companies. Present headquarters of the Carnation Co., manufacturers
of evaporated milk, are at Milwaukee, Wis.
r
'7/./
Construction of the new building,'which will start - immediately, will
be undertaken by Carnation.
Upon completion, the. New York - Life
will purchase
the entire property
and simultaneously lease it to
Carnation .for .a term of years on a net rental basis.
;
The building will have an overall inside floor area of approximately
This
--1.'
•;
1947—12 Mos—1046
Amortiz.
company and the Carnation Co., .involving' a nine-story modern office
building- to be erected in Los Angeles, Calif., arid occupied by Carnation
square
1,867,772
revenue
General
between
agreement
$3,728,975
Operating expenses
for depreciation**
of plant acqui.
adjustments
:
77/
Agreement—
New York Life Insurance - Co.—Lease
405,000
-
.1947—Month—1946 '
_xL
Gross
Boles, assistant director-of ..the; ICC's, bure.au of-finance/ recently
recommended that
the Commission
deny., the applications.—V. 167,
The'
^
subsidiary, Pennsylvania5 Power Co.)
its
Period End. Nov. 30—
C. E.
4
Period End.. Nov..30—
,
.
unification of the, two
v.
■-
Ohio. Edison Co.-—Earnings—
ofChesapeake
& Ohio Ry.Co.,-:for authority to hold ; interlocking directorates of the
New York Central RR. and C. & O. boards as a step toward ultimate
merit
i
;
14, set down for argu-:
Commerce Commission,on Jan.
The interstate
.
166, p. 2063.
Pacific Telephone & Telegraph
.
■
—V.
:
~
-
$1,217,359 $11,232,484>$12,581,904
1,208,772
11,082,908
12,421,772
" ",' : ' ' ;
:
-l..
' .t.'j
'
$1,265,674
1,256,802
operating income
after charges**-—
Net
Vice-President . was abolished.
Directorship—
on
Net
of
—V.
of
the executive committee qf
subsidiaries
its
166,
New Dir.
Sunderland, General Counsel, has been elected
member
a
succeed
to
1996.
p.
the
late
Bu'ell
'
•
.
director
a
this company, and certain
F.
"
Jones
of
Chicago
111.
'
600
New
York
■'
'
■<
.'
Operating
$
revenues
Uncollectible
oper.
rev.*
•
General
$
$
•'''
$
■
30,623,624
89,844
30,533,780
23,311,268
28,489,561 321,339,305 303,664,320
20,023,587 238,887,579 .213,472,198
4.763,738
48,488,054
51,065,930
4,311,689
The
7,150,270
operating
Utility
840.992
620.864
1,055,673
1,917,200
—:—
1,716.446
1,803.000
1,680.555
income**—-*^.—.
$3,897,195
___
Since
company
$3,240,479
16,113
.
37,590
deductions
Income
;
*_*_i___—
647,668
.
i
..
.
iniUal
an
dividend
of
two
cents
,
total
a
of
1944
the
in
Utah
values
and
of
2,179 acres.
Missouri,
over
the
$500,000.
It
;'V.
V .According to estimates, the. gross .and net for 1947 should, show, fig¬
ures
exceeding 1946 of 5,932,761 pounds of lead produced, equalling
gross
sales, and $171,249 in income
ore
before depletion, and
depreciation.
$3,25,6,592
•$3,934,785
*
declared
27
resumption of operations in
has produced lead ores to
owns
$649,899
income
<
>
Dec,
on
the
on
.outstanding capital stock, payable ,Feb. 14 to holders
Of record Jan. 24, 1948.
The Commercial Security Bank: Ogden, Utah,
acts as
transfer agent and registrar. )
u'
; ;
;868,099
income***.
income—net
Gross
1946—
directors
share
per
now
Other
Operating revenuesOperating expenses——
Operating taxes—
7,820,671
—
on
accruals
reserve
Exceed
1946
i. V
'
'
taxes
Retirement
28,566,393 322,111,265 304,234,847
76,832
771,960
57.0,527
1947 : !
$17,248,176 $15/363.268
1*
*_*______:—.
Federal and State taxes
.-'V
Park iCity Consolidated Mines Co., Salt Lake
City,
(Utah—Declares Initial Dividend—1947 Net Reported to
Co.-
.
revenues
Maintenance
.
1947—11 Mos.—i946
1947—Month—1946
'•
.1'
•
Gas
12 Months Ended Oct. 31—
Operating
Operation
Telephone Co.—Earnings—
Period End. Nov. 30—
'
Natural
Oklahoma
The
651,759
is
company
reported
to
be
continually
expanding
its
mine
/holdings.;'Net
Net
charges—__i
after
—V.
167.
33,963,672
3.702,236
2,910,832
income
oper.
2,389,621
30,073,775
3,350,708
39,126,192
35,509,698
Net
.
income
stock
Preferred
New York Trap Rock
$2,859,617
requirements
$2-,604,793
for
Corp.—New Plant
—
—V.
.
166,
p.
common
.2107.
stock
and
.I-
surplus.
$2,177,293
427,500
Peabody Coal Co.—Wipes Out Dividend
tions—To Pay Initial Common Dividend—
'
at
P.
Port
Foss
Washington,
III,
L.
corporation,
by this
I.,
according
It
,
to
President.
$26
of
7
the
per
share
that, the directors have
6%
Accumula¬
•
declared
divi¬
a
stock, .clearing.up all
./.arrearages on this, issue. /A distribution of $1 per share was made on
ir this issue on Jan.
12, this year, while in 1947 a total of $9.50 per
Share was paid. '
1 .■
Stock Offered—F. S. Yantis & Co., Inc., and H. M. Pylles.by &
Co., Inc., headed a nationwide hanking group which
.>
on Jan. 16 offered 50,000 shares- of 5 % convertible < cumu- y
lative preferred stock'at par ($20).
; '
Poindexter Distillery,
Old
announced on Jan.
was
dend
$1,000,000 gravel and sand plant has just been brought into oper¬
ation
W.
dividend
$3,287,117
.427,500
—:
48.
p.
Balance
A
:
Inc.—-Preferred
on
preferred
•
The company,
and sand for
completed test
also
arid sells crushed stone,
and subway construction-, has
$150,000 crushed stone plant in
which quarries, manufactures
gravel
highways, bridges
runs
on
new
a
Bchoharie
County, N. Y. It will come into operation in March after
shutdown, he stated.
;
expansion .'program. was started.last year, Mr. Foss said, to-meet
competitive conditions and heavy demands for building ma,teriqls in
the metropolitan area.—V. 154, p. 868.
j'.
the
winter
,
.
inventories,
Sales
1947—12 Mos.—1946
1947—Month—1946
—$21,609,546 $19,426,294 $117,861,566 $113,'228,967 •
o'..'
;-r
./ y.V;-y:
J-U
—
—V. .166,- p.
:
31—
2421.
Northeast Airlines, Ine.--;Rights to
Contingent
1933
>
making of
record
the
after
effective
upon
and the
-stock )of
,
at the
effective date
Stockholder's—
registration under the Securities Act of
the company, holders of common
close
6f
the
of
business
on
.the
third -business
right
to
subscribe
for
.
registration
of
83,333
'
Two forms of subscription warrants will ^be issued to
holders
Net
in
connection .with
formg
,such. stock
will
form
will
for
>0e
be
the.
coriirnqp' stock-
each
six
shares
designated
as
.
-
evidence the right ~ of
additional shares of the
holders
thereof
may
stock
held,
and
the
desire, to
located in
from
in
the
agent for the common stock is Old Colony Trust Co., ■.*
Mass.—V. 167, p. 156.
y 'y
;;
Electric
output
of
this
for the week ended Jan. 3, .1948,
kwh., as compared with 54,367,000 kwh. for the
corresponding week last year, an increase .qf 8;7%.—V, 167, p. 156.
Northwestern
Bell
Period End. Nov. 30—
Operating
revenues*—_
Uncollectible oper.
rev._
Operating revenuesOperating expehses—
Operating taxes*
Net
Net
company
59,115,000
po.^-Earnings—
1947—Month—1946
$7,086,870
17,041
$7,069,829
5,733.979
1947—11 Mos.—1946
$6,347,426 $72,613,585 $65,702,851
11,726
150,336
97,814
$6,335,700 $72,463,249 $65,605,037
4,759,871
58,135,733
50,392,433
743,186
826,623
7,905,651
8,435,103
income.
$592,664
$749,206
$6,421,865
charges*.
535,266
66,777,501
6.564.9J1
oper.
after
Telephone
—V. 166, p. 2562.
714,853,
.5.770,552
1948,-to
holders
•
■
J;
of
':
v:
.
Penney .Co.—Sates .Up. for tDeeember 17.30%-
Period End. Dec. 31
1947—Month—1946;1947—12;Mos—19'46
$
Sales'
—V.
110,186,037
166,
93,932,677 775,889,615 676,570,117
~p7Y56l
Period End. Nov. 30-
: '
nnet
236,006
82,500
153,506
310,000
$1.87
$0.49
Operating
Operating
•Federal
Other
v
four-year exp.ansiQn;prpgrt|.m,
taxes
__*__*_5
-
Net
:
v
(net)
534,846
:
5,385,223
5,156,696
(155,489
1,746,767
3,468,805
3,033,720
•/144,056
•
-1,628,078
258,721
.
287,502
1,728,675
1,728,675
-
"144,056/
$1,077,367
$1,081,589 $11,529,272 $11,326,382
12,090,;
.4,7.32
- ,102,610
.96,882
revenues—*
income
•
:
•134,529
r.
.
adjustments**
oper.
Other
490,926
**_:*****:i*,«
1947—12 Mos.—1946
.$4,729,195 ,$58,021,263 ,$33;126,484
2,554,494; 34,281.210
30;134,244
3,0.13,510
expenses**
taxes
acquis,
1947—Month—1946
.
$5,147,890
revenues****
Depreciation C*_***__*
Amort, of electric plant
recently, said:
-
,
Gloss income*****-.* ..$1,089,457> •, $1,086/321. $11,631,882 $11,423,264
Int. ;& other deduct.— ... 382,669, '•. 375,449;.4,553,387 • 4,653,869 >
r.;;.
Y,'V-
states.
conditions
are
reflected
in
company's
the
volume
of
loans
acquired,
made
up
principally of instalment sales
retail
and wholesale,
and direct consumer, loans.
The total rose from $77,800,000 in. 1939 to $136,600,000 in 1946, and
$186,800,000 for the first nine months of 1947.
■
The
both
-
tot.al of loans and
company's
At
totaled
(J. C.)
1,
.
,
Net
Div.
income
to pfd.
.'Balance'
—V.
166,
$706,788; ; $710,87.2
$7,077,495
stocks for the • period—1,980,000
___i
p.
$6,769,395
,
applicable
2107.
i.*__l*l___
:2,412,102
$5,097)495
$4)657,293
/„/.,•' -v'/;
discounts
financing,
transfer
(Del.)-—Weekly Output—
eight
These
and
"Subscription Rights" (but not the so-called "Contingent
-Stock Purchase Warrants") will be admitted to dealings on New "York
Curb Exchange.
V /.-v-
States Power Co.
.
.
the so-called
Northern
initial dividend of 50 cents per share
.This payment,. together - with the two. preferred
stock,
just
declared, ia payable on March
record Feb. 7, 1948.—V. 166, p.
2107.!/";
:'-
this corporation
more
than
1,000
employees a.nd .(66 offices strategically
California, Texas, Washington,. Oregon, Idaho, Utah, Arizona
a
common
Pennsylvania Power & Light Co.—Earnings-
109,687
——
released
directors .also-declared.an
the
dividends
.
among' such
.
The
.
a'."'"-p'*
Automobile financing, which constitutes a major proportion of thfe
company's business, is soundly based on the high utility i Of motor
transportation in the economy of these states., Automobile registra¬
tion hi the. area .increased 12:7% from 1939 to 1946, while the nation
showed a gain of 7.7 %.
There is one car. for every. 4/46- individuals
of said
83,333 shares, if any, which are not .purchased pursuant to the exef-s
cise of the so-called "Subscription Rights."
■■■■! ^
Upon receipt of advice that the; registratipn jstatemeiit has become
effective, the. common stock will be,quoted "ex-rights," "at which time
Boston,
share
common
The
on
;
,
611,803
326,667
shares" outstanding*—*
statement
Oklahoma,
and
Stock: Purchase Warrants"
the holders -theretot to purchase as
convertible .preferred stock a,s the
purchase
has
now
other
™T AOft
721,490
:*—
'
•
;
*._**i_—__**—*—
With completion of
"Contingent
which ,-will
many
common,
per
An .official
as
of
;
___1_—_):____$180)823,169 $91,586,547
earnings
common
v .Earnings
above
designated
stock
Average
*
dividends
Common
■
:
income
Preferred
.
subscription. offering. yOne of
"Subscription Rights" which will
evidence the ..right, of the holders thereof- to subscribe for the 83,333
shares of "convertible preferred stock in the ratio of one share of
"such
Calif.—^-Earnings—
Corp.,
—
offering is made.
,
Finance
9.Months Ended Sept. 30— k
Volume of business___
:
statement
aggregate
an
reducirig bank loans, carrying and ..adding
and other corporate
v[yy
property improvements
preferred is convertible into common stock at any time on the
/Pacific
day
will be offered
shares • of new
$1 cumulative preferred stock, without par value.
The subscription
price, the expiration date of the offering, and the terms .of' the newconvertible preferred stock are to be determined shortly before
the
the
for
basis of $8 per share for. the common and $20 per share for the
preferred.; '
yy;
' ;V "i
The
company's properties are in Ekron,. Ky.,
and its- principal
product is "Old Poindexter" -bottled-in-bond • bourbon whiskey. ; The
company has recently been engaged in a modernization "program and
completed a new still in October." Average age xof equipment and
machinery is now around t,wo years.
Additional improvements are
plannedfor 1948.—V... 165, • p.; 1872. ;
I
>•
v
offer by
an
he used
for certain
\r-'
purposes.
(J. J.) Newbercy Co.—December Sales Up 11.2%
Dec!
will
Proceeds
to
The
Period End.
^
.
.
The
-
A dividend of $20.83 per share was declared on the
5% convertible
prior preferred stock, .being ..at. the- regular rate for the months of
December, 1947, and January, ,1948. ; An initial distribution of like
amount was made on Jap. .12, i948;, covering the months of October
and November, 1947.
-f:,y
• ;;
business,
of
the
1946/ the .total
'
was
the
000.
end
■
also
1939
discounts outstandipg, another index,of the
has Increased substantially in.Recent years.,
outstandings
$48,8QO,O0O and, on
■
' "
" •
' •
.
'
•Listed
on
>Bijg Board—
$30,000,000. *On Dec. 31,
Sept. 30, 1947, it was $75,300,•
.'• /■'.
were
.
.:
The .common stock of this corporation was admitted to trading on
the New York^Stock .Exchange on.Jan, 12,vMaxwell, C. Ring,. President,
announced.-
'■
value common stock out¬
standing since the sale of 150,000 shares' last September. - Regular
quarterly dividends of 35 cents per share, were paid on Sept.- 1 and
Dec. .1,
1947/
The stock has been traded on the Los Angeles-Stock
'
66
offices
"i,
\
in. California,
Washington,
Oregon, Arizona, Jdaho, Utah, /Texas and Oklahoma.
Automobile sales
financing is the major source of business and the company also makes
direct consumer loans and certain specialized types of business loqns.
Volume
of
business has increased
substantially in
recent years.
Loans
and
discounts
outstanding
Sept.
30,
of
/vY-
is expected to Advertise this week for bids on $11,000,equipment trust' certificates'-to be received early in February.
The proposed issue' would' be .the second Instalment of - the road's'Series
S certificates.
Proceeds from it would finance part of the'cost .of new
instalment of the
equipment
now
certificates,
amounting to $11;025,000, was sold last June to
Salomon Bros. & "Hutzler on its bid of 99.079 for
headed
by
being
167,
p.
received,
The
firstJ
^
156.
Series ,S
a
group
a
2ya %
'■'•V1
.
The company has 460,000 shares of $10 par
Exchange for several years.
The
corporation maintains
RR.—Equipment Issue—
The company
000
coupon.—V.
."
'
Pennsylvania
totaled $75,376,019,
1946.—V. 166, p. 1996.
1947,
compared with $38,767,835 on the same date in
Pennsylvania Salt Mfg. Co.—Promotious—
/
R. /Over,
/Secretary ' And Treasurer, has announced
Warner-
the
appointment of Thomas W. Cox as Assistant Secretary. 'Mr:ipox will
also continue as an Assistant Treasurer.
His '.'appointment follows the
retirement of U. Grant Beath, Assistant Secretary and Assistant
urer,
/: Mr.
Over - at
the
saine
time
Treas¬
■.•'/;
after 47 years' sefivce with the
company.
announced the. appointments
of :Stariley
L./MacMillan, who is. in charge of the department's cost Accounting
as an Assistant Treasurer;, and Joseph Doherty as Credit
Manager of
the company, Mr., Beath had also, functioned,as Credit Manager/
E. J. Harrington, Jr., -an Assistant Treasurer, Will ,.act as Mapager
of the Sales Accounting
Division, Mr, Over, added,—V. 166, p. 1088.
(Continued
on page
47)
.,
:
;'
j
Volume
167
Number 4665
THE
COMMERCIAL &
Stock Record
FINANCIAL
CHRONICLE
(257)
New York Stock
«»
Exchange
DULY RANGE OF PRICES
WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PRICES
FOR EVERY LISTED ISSUE
LOW
Saturday^
I
ptr
AND
HIGH
SALE
PRICES
STOCKS
Monday
Tuesday
Wednesday
Thursday
Ran.12
Jan.10
Jan. 13
Jan. 14
Jan. 15
share
I
^share
per
share
t
76%
snare
per
6
75
*82
95
*51 %
52 V4
16%
95
S per thare
*"
75
*85
16%
74%
6%
51 %
17%
17%
*45
35
35-
34%
6%
52%
16%
*45
35
*34%
34%'.,
34%
34%
8%
7%
8%
8%
8%
26%
25%
26'A
25%
104
*102
'
4
19%
19%
♦78:
104
3%
,■
-18%
80
;,3%
3%
>
40%
;
3%
40%
71%
29%
*89
10
10%
•»
32%
*20;
;,--.36%
*10%
•
n
36%
*91
33
"f
\rr. 'tx
29%
Allen
36%,.
92
900!
..,
:
1
.
9,000
•
•"
'<•
400
•
Inc—
No par
4%
3%%
cum
par
preferred
conv
88%
Sep
Dec
41% Jan
8%
6% Feb
5
1
Feb
14-
30% May 19
'
91
100
Jun
Jan
91%
Oct
12% Nov
202
29 3A
6
.
6
*28%
29%-.
*5%*'
,
6
50
*48 >, t
V
96%
97%
*50'%
50%
50
98%'
50%
50 %■,
7%
7%
7%.
55'A
54%-
21%
21%
21%
64
11
t
*11
11
41
41
*105%
4%
77%
174
"1,300.
I8.200
:
1,200
.
220
i
4
700
v
1
1,900-
4%
I
41%
100%
*98%
■>
21%
106%
49%
49%
19%
19
41%:
49
*18%
106%
19
*88%
88%
,
7
39% Mar
38%
29
Colortype
500
39
.
American
Crystal
4%%
6,800
4
29%
American
3%%
16%
900
2%
2%
8,400
*52
24%
*7
7%
*92
6%
>103
11%
LOW
*83
:
share
5,200
AND
HIGH
SALE
Jan.15
20
28'%
*8%
8%
*317/s
333/4
*31
8%
8%
273/4
27%
133
8
*131%
8%
8%
share
$ per share
19%
193/4
*83%
84%
83%
83%
7%
7%
73/4
*73/4
27%
27%
133
132
8%
32%
8
8%
*8%
*31
7%
27%
27%
132
*131%
8
*82
'/>.
*73/4
27%
133
*8%
2,400
83 Va
,
8
27%
132%
8%
*8%
*31
3,000
.:
10
8
8
96
94%
95 %
94
94
92
92
91
91
90
91
*843/4
85%
84%
85%
B'4%
84%
83
83
82%
83%
81%
%
8%
14%
31%
*99
14%
-
12
14%
14%
174
♦170
31%
174 »
«V.
31 y8
100
303%
11%
ll5/a
19
18%
19
'?* A
i,
*18%
♦40
40%
40
40
U •iV.it'
40 Va
148%
*34
54%
149
148
34%
283/4
*36%
♦127
34
152%
-*663/4
683/4
59
xll
*18%
54%
149
33%
135
33%
135
28%
28%
28%
26%
26
26
24%
23 %
23%
37%
37
37
363/4
23%
37
*126%
128%
•126%
127%
19%
1934
19%
19%
19%
152%
68
*23%
151%
66%
-
68%
152%
673/i
67%
<
139%
59%
151%
152
40
533/8
*148
*32%
*135
14%
14%
143/B
14%
178
*174
174
*174
8 Ya
66%
68%
66%
54
33 y2
34
*135
140
*11%
18 >/4
*40
33%
*135
56%
128%
56%
55%
119%
xll7%
117%
118%
7%
73/4
73/4
/
.
1513/4
.
I
7%
16%
17%
17
17%
163/4
y
43
42%
42%
42%
43%
-
.,.
*96
98%
*97
98%
*95
983/4
*93
97
*95
90%
*84
90
*84
90
♦86
91
*86
90%
7
7%
,
73/8
65
*62%
6 %
6%
*62%
55
7
65
*62%
G%
65
7
33%
33%
333/4
33%
34
34
34%
*36%
*103
37%
104
52%
21%
*10
53
22%
11
*4%
5,100
9,100
..'
5%
35
*
36 %
*103
37%
*36
104
*523/4
22%
*10
4%
34
For footnotes see page
22%
11
4%
34%
24
37%
103
'
53
* *52
103
3/4
21%
*10
4%
*33
53
21%
11
4%
34
Mill
10
com
preferred
6%
Snuff
*36
*103
x52 %
21%
*10
4%
33
37%
104
52%
213/4
11
*36
103
52
21
*10
333/8
37%
*36
103
*101
American
343/4
2,480
—
I
70
52
52
600
21%
20%
21
6,800
103/4
5
*45%
5
323/4
33
,
*10
*4%
32%
10 3/4
5
325/8
24% May 19
37% Feb
Nov
23
Feb
Nov
186
Feb
7
27%
Jan
109% Feb 24
95 V4
Feb
42% Aug
108 % July
j
Tobacco
class
158
25% May 19
23% Jun 10
37
21
Jun
34
116
5
100
Am Waterworks Co
Inc
Am Wtr Wks & Elec
Woolen
common
Preferred
Conv
No par
Amer
Zinc
Lead
&
Smelt
$5 prior conv preferred
Anaconda
Copper Mining
Wire &
—25
50
Anderson,
Clayton
Anderson-Prichard
—
Andes
A
P
W
Copper
&
Co
Oil
Corp
Mining
Products
191
8
27%
Nov
50%
28% July 24
25%
Dec
7
24
8ep
May 17
47%» Dec
17
May 19
18% Oct 30
146% Feb
24
Oct
22
19
174% Feb
4
Apr 15
82% Feb
5
843/4 Feb
5
Apr
43
29V«Jan
1493/4 Jun
3
135
41% May 17
xl 163/4 Oct
10
77/8 Dec
30
12
May 19
26% Jan
16
90
May 23
68% Jun
5
5% May 19
62
May
2
30% May 19
20
•
,
Jan
38% Oct
138
Sep
50%
172
Feb
Apr
Feb
May
38% July
58V« Feb
158
Apr
159% Nov
200% Jun
73
Oct
76%
Oct
99% May
100% May
150
174
July
31
48%
Oct
78
May
120% Aug 12
8% Dec 22
116 3/4
Sep
121
Jun
163% July 23
60
Dec
18% Feb
50% Oct
8
20
Sep
13% Oct
29% Jan
28% Jun
70%
Jun
110% Feb
13
100%
Dec
182%
Jun
103% Feb
10% Jan
13
87%
Dec
105%
NOV
Sep
15%
Jan
69% Apr
1
64
Deo
90
42
5
35
Oct
51%
Mar
6
7
j
May
Feb
Cable
New
No par
Anchor Hock Glass Corp com—12.50
$4 preferred
No par
400
1,000
No par
com
1
Oct
Apr
78% Jan
Feb
27
100
prior preference
Sep
Deo
Dec
5
165
Feb
62
343/4
160
19
No par
com
July 17
Aug
83%
Bep
5
62
100
45%
20
8ep
,
6
61% Apr
Corp common—14
preferred—,
14% Dec
Mar
25
100
172
10
Jan
25
common
B
American Viscose
American
40
10
100
common
Tobacco—
preferred
5%
29
No par
American Tel & Tel Co
American
8
Dec
—No par
Sumatra
Jun
Dec
No par
Co
Sugar Refg
May 21
60
Xl73%
100
Foundries
Preferred
100
52%
33
163
4
8
32
100
Steel
American
—
37
1023/4
Oct
136% Dec
—25
Anaconda
_
186
142
common
preferred
non-cum
*
10,900
33%
34%
Jun
12%
.
American
333/4
33%
33%
26
7
Sep
580
33%
33%
Dec
Feb
10%
1
100
34%
170
17
Sep
70% Dec
3,700
34%
113/4 May 19
Oct
48% May 19
6%
333/4
Dec
11
19
62%
33%
Oct
34%
33
6 5/8
34%
133%
4
62%
34%
7
24
July 17
15
65
34%
14% Feb
39 Yt Feb
147
43%
42% Oct
7
*62%
15
29
Jun
25% Jun
22% Feb
19,200
98
*86
Dec
83/8 Dec
45% Mar
106 V*
23%
32% July 17
28 Va May 27
Nov
12% Nov
16% Feb
1,400
(
98
34%
*34
119
91
3
27
23,900
17%
42%
98
15
9% Aug 25
15% May 20
—.
7%
17
43%
127
Highest
6 per share
Oct
34
2,400
16%
Dec
80
21%
2
Safety Razor
5
Seating Co
No par
Building Co
No par
Am Smelt & Refg common—No par
Preferred
I
100
55%
42%
10
American
6%
17%
~
18 % Jun
I per share
Amer Ship
1,050
44%
*62%
100
American
Common
163/4
73/4
t per share
99
1,300
43
7%
conv
3,800
42%
98
4ya%
Rolling
%
17
119
I per share
Lowest
•
,
100
1,500
:
68
42%
*85%
American
140%
8
•;
No par
com
—
*128
♦119
Year 1946
Highest
123% Aug
Preferred
18%
•
7%
17%
Jan
May
Jan
1
No par
Amer Rad & St San'y com—No par
128%
x55 %
119
hep
Jan
18,100
18%
57
Ul
8
97%
*127%
68
Jan.
883/«
30;
119%
8
100
Stores
67%
118
21
Stove
67%
31
21
American
139%
Dec
44%
24
American
68%
102
Jun
Jun
22%. Nov
10
18 %
16 3/4 Feb
American
67%,;
30% Feb
May
\\Vs Mar
5
-
117% Feb
600
140%
18% Mar
16%
129 y2 Feb
800
673/4
:
35% Nov
5
37
67%
Sep
9%
400
;'
,
7%
119%
No par
Co
Light
23
139
118
5
&
*36
67%
Jan
5
Power
*22%
68%
Sep
Dec
Amer
36%
141%
Dec
8y4
99%
Range for Prevleu
Co_
23%
67
31%
,
7
Dec
11,100
33 Yt
1513/a
18% May 19
x25% May 19
36%
152
14% Nov
American Metals Co Ltd com_No par
6%
preferred.
100
x223/4
1515/«
Mav 19
15% Feb
24%
1515/a
Jan
28
Oct
30
23%
151%
Jan
63
-
138
18 y2
12%
Oct
7
4,200
18%
13:
73/8 Dec 30
600
19
Oct
Range for Year 1947
preferred—
cum
4,000
128%
24
No par
3.90%
253%
18%
10
10 y« Jan
Lowest
Amer Machine 8c Metals
23%
♦127
X34%Jan
,106yaMar
28% Sep
101
Jan
*25%
37
12
STOCK
Amer Mach 6c Fdy Co com
253/4
*36%
9% May 17
For
28%
67%
7%
YORK
253/4
28
27
STOCKS
NEW
28 y8
.
Apr 23
Jan
5%
44%
,
Jun
Apr
May
85
300
♦118%
8
5
1
90
9% Oct
55
44 Ye
55%
•
EXCHANGE
60
147
33%
common—
—100
28%
139%
119
/v.
55
140
100
preferred
25%
28
68
119%
Locomotive
16
129% May
118
Sep
37% Sep
76% Dec
230
146
preferred
Jan
22% July 30
6
May 16
No par
common—
non-cum
49
1
Oct
No par
18 V4
55
50
Products.
8%
8
No par
403/8
55
1
preferred
conv
*25%
141
58
14 3/8
178
147
146
150
673/4
57
42% Apr
37
63/4 Feb
115% Jan
Feb
23% Jun
28% Aug
14% Jan
preferred
2,900
54%
139%
58%
July 29
5% May 19
10
July
11%
preferred
11 y4
18%
Sep
90
7%
470
IP/8
78
;
$5
99%
40%
8%
41% Nov
$6
30%
11%
7
101 % Feb
,
Jun
1,400
6,200
.
993/4
40%
6
29
com
Jan
July
17% July
Apr
22% Jun
133% Aug
30%
*18%
Jan
63/4 Feb
74% Dec
News
303/4
11%
46
$6
Co
Apr
48% July 28
118 V* Oct 15
Oct
SS
Feb
108
Sep
Molasses
100%
18%
Dec
18
American
99%
40%
Sep
97%
100
American
30%
30%..
100%
'
141
58%
30 3/8
100
19
25%
140
140
,
14%
174
11%
40%
29 %
128
'*19%
147
135
25%
*23%
,
34
29
*25
533/4
"
149
135
135
*132
54%
54%
31%
100
*18%
543/4
14%
174
•¥"■«*■' 100
100
12
14%
> t *170
20%
25 y4 Feb
100
,
*170
4
Mar 12
Feb
6
300
81'/2
v
24
102
34%
32%
2,800
83/4
33%
*94%
•
150
Oct
30
American
120
400
27%
33%
7%
193/4
*131%
':s
*313%
8%
34
19%
17 Vt
Dec
Shares
.
7
7% Dec
American International Corp—100
American Invest Co of 111
1
%
40% Jan
.
4
104 V4 Sep
86
the Week
I per share
19%
83/4
8%
per
19%
32%
33
•
■alee fer
Jan. 16
.
;
26 y* Feb
•
,
'
Oct
6%
200
Friday
84%
7%
.
share
20
♦82
8
27%
*131%
per
20
84
*7%
133
f
104
6 :
5
Nov
;310% Mar
72% May
132% Mar
Nov
■'
Thursday
Jan.14
*83
8
104
v
Feb
Aug-
86
21%
17 Va
No par
Apr
17% Feb
:106% Jan
Oet
13%
preferred
Jan
64%
s
Nov
96%
17 ya July 28
PRICES
Wednesday
Jan. 13
20
84%
*273/4
300
Tuesday
I per share
20
8
*131
13%
110
'
42
.1
20% July 15
Ice
21%
80
,
Dec *
5
American
13%
loo
.
200'
1,300
3% May 19
Oct
11
1.200
v
A
25% May 19
74% Dec
45% Jun
88% Jun
,
Oct
184
v
10
Home
21%
Jan.12
11
Dec
6%
7
"5%
79
8 ;
Mar
Dec
American
11%
11
.
,
Oct
Jun
6,100
95
101% Dec
<
Nov-
2
Hawaiian
14
Monday
Jan. 10
7% Feb
99
-
16
Hide 8c Leather
22
*lo4
gatnrday
19 %
-
11%
11
:
,
'
22
1
Inc—
American
213%
105
orr
*90
12%
3ey4
.
13
Lmes
American
*13%
22
8
40
Export
400
24'/a
Dec
.
Get
17% Feb
5
30
20
3,000
,
6%
*6%
95
*11%
13%
21%
72 V4
Foreign Power com__No par
$7 preferred
No par
$7 2nd preferred A
No par
American
55
23%
6%
*90
11%
*13%
I
*52
24%
97
11%
38
Sep
n ov
7
10 ;
Amer &
3,200
300
y
7
28 y* Feb
38% Dec
No par
.
Jan
8 ;
18% Dec
-
37% Nov
.
1
39% May
12 V* Apr
75 ,> - Apr
91% May
4V4 93% Jun
19% Apr
Sep
*
87% Nov
25% Oct
115% Jan
8
Oct
•
May 21
88
100
American European Secur
500
7%
78
6%
55
24%
400
88
38
7
series A
Co
16%
39
preferred
10
com
Tiling
2%
7%
Cyanamid Co
Distilling
16%
55
11.'
May 21
19
100
Encaustic
2%
24%
22 :■
Mar 26
196% Sep 12
54% Feb' 1
47% Oct
10
com
American
*16%
88
Sugar
44
Feb
3,
110% Nov .12
105% July 18
10
American
2 %
*76%
Co__
900
17%
7%
100 V
——No par
2,700
'H:.:
2%
78
Co
95% NOV
Sep -J: ':
6% Oct
64%
20% May 21
No par
prior preferred—
2,000
.
Inc
>
.
36
100
preferred————i
conv
American
117%
88
5%
Cable
!
3
26
94
•
No par
preferred-.
non-cum
Chain &
29
July
82% May
"25'
*50
29
108
30% Nov
91% Nov:
77% Jan
23
88% May
,
r
9:
Dec
Nov*:
•
*
11% Apr
May 19
Dec
Jan
Nov
99%
1
23
Apr
•31
166
Jan
39
31%
50% Dec
5
20% May 19
75% Dec
-
Jun
29%
; 29% Sep
27
8% Feb
51.
107
3% May 19
—.1
25
-
.
7
.
lfl%
Dec
6
Jan
80
9
100 >
400
15%
6%
Radio Corp
Can' common.,
38
16
36
May 19
107% Dec
4
100
—_
Dec
65 3A Dec
No par
com
Preferred
140
:
103 Va
6%
*38
Co
Chicle
15%
7'/8
&
,
1
Corp
Shoe
preferred
cum
American
15%
*52
i%
1,600
*15%
7%
_10
common
Amer
15%
39%
Brake
Amer
7
50
American Bosch
40
::
18%
6%
7%
Note
r
50% Dec 27
•
Oct"*
14;
99% Oct
34% May 16
1
preferred—100
American Car & Fdry com
'V
6%
*87
Corp_
3,100'
88%
102%
29%
*76%
No par -*
Chemlcal_No par ;
Mar
preferred
7%
19
'
6%
8
Jan
73
1,300,
*:
49%
18%
39%
79
&%
American
15%
*39
.
Amer Cable
106%
*88%
103
29
6%
90%
9
350
21%
38%
46
-__50
July
154
?■' 18
24
105% July 28
I. 42% Oct 14
5% May 19
t
conv
American Bank
100 Va
21%
103
-1
com.
Jan
61% May
5
Nov
'
106%
8
*
cum
4,600
174%
41%
•19
Agricultural
3%%
.
4,400
79
174
21%
*88%
Amer
Inc
s
American Airlines common
■•
400
4%
77%
Co
82
113
1
26
24% May 19
No par »-■
preferred
Petroleum
'
77%
174
*98%
*76%
.
Leather
convertible
Amerada
*
40%i
106 %
*105%
4%
,:
6%
,
.
1,500
11%
40%
106%
7%
41%
6%
i
64
63
Amalgam
100
21%
63
.
l,300r
6,200
...
55
•
Alpha Portland Cement—
*
i
99%
55%
,
800'
'
*48
■
:
,
4-,
Aug
8y4 Jan
69% Jan
4
38
/
29
Oct
52% Oct
36y4 0ct
16
Oct
51% May
103
"
18
May 17
24
3%
29%
Mar
12% Feb
:
.
"
12
Apr
29
Dec
Dec
17
104
22% Feb
Jan
Sep
Nov
90%
8
48% Feb
,
10
90
8
25
Feb
59% Apr
135
Oct
76% Nov
13
V- 30
\
2
20%
Nov
..
Feb
May 17
'
104
8
.
31% Jan '
May 20
V
33
18-
102 3/4 Aug 11
.5% Feb
4
18
No par "»
—100
Allis-Chalmers.Mfg ci>mmon__No
•*
<
preferred
Jan
24%
164
5
—;
4
24
10% Dec 27
,
Dye„—-No par >'•!
Allied Stores Corp common
11,000^
200
%
&
Jan
44%
6
112
27% Dec v 9
90% Nov
JUn
10"
10
38% Feb
29
2% May ly
25% May 19
66
par
100
Inc__—— 1
Chemical
Allied Mills Co
«
Dec
Feb
10% Feb
30
16 Ye Dec
75
1
gtd
Allied Kid Co——.
Nov
3% Dec
5
j
100
Industries
Allied
-
25 % Dec
Jan
24%
40% Oct
May 19
100
Mining—i—10
Allegheny Ludlum Steel Corp_No
V
1,800
88%
36%
92
-
■•200
28% '
•
Gold
common
preferred
60
May 27
30% May 16
100
Allegheny Corp common
1
I 5 Va % preferred. A_i_——
*.-100
$2.50 prior conv preferred-No par
.
-1,100
92
37%
4,500
,v,
203Ai,i:j
-
-No par
Alleg A West Ry 6%
88%
83%
4
100
-
187
*32%
■
Inc
Vicksburg Ey.u,
Juneau
6,400
11
187
30
*88
91%
30
>*20
&
Inc
95
-20%
32%
29
37 %.
*91%
11
55
6
Alabama
/ 7,400
72'v.
29%
*89
188%
U
32%
,-.30'A
89 %
-
.
38
Alaska
'
May
Oct
Aldens
I
Feb
X50
Feb
13%
2,800
1
,
May
19
30%
4%%
...
41%.
*71%
23%
3%'
a
169
Nov
29
Air Reduction
60
V
Dec
Oct
8
7
20
</-',•
40%
,,
95
*10%
187'
.;
32%
30
♦88
20
:
91
105%
10 3/4 Feb
Oct
6,300
18
vr'80
3%
72
29%
188'A
'
;
*71%
*89
%
:20
41
29%
187%
17%
*78
,
3%
40%
95
v;
18%
19
Apr
July 28
110
01%
18% Oct
1
—
Admiral
i;
:
3%
4
29
43% Apr
:
Jun
5% Dec
Highest
I per share
7
13% May 19
6,700
26%
00
87% Jan
f per share
No par
*
Corp
2,400
102
-
3%
80
3%
41
71%
.
18'A
*78
80
102
3%
66% May 20
•
2.50
10
$ per ehare
Lowest
Addressograph-Muiiigraph Corp__lO
Corp
1
-2,000
!
Co
Highest
I per share
No par
Motors
Steel Co
AdamsrMills
-.
8 %
26%
luz
3%
18%
*78
26%
lu<s
3%
*8
No par
com
Adams Express
2,400.
•
47%.
7%
3%
1,200-
16%
*45
ACF-Brill
Acme
Year 1946
Lowest
6c Straus
5,800
6%
52%
16 %
i
Abraham
Range for Year 1947
,
Par
Abbott Laboratories
1,200
•
52%
;
Range for Previous
STOCK
-
95
47%
26 %
>102
74%
YORK
EXCHANGE
Shares
6%
52%
16%
47%
74
*82
NEW
the Week
$ per share
95
6
51%
Jan. 16
74%
*82
Sales far
Friday
-
Co
Inc
Archer-Daniels-Midland
36% Dec 29
Nov
20
1013/4 Nov
35
28
21%
46 3/4 Jan
10
14% Apr
20
5
No par
26
e
38
Bep
62% May
108
Dec
Xll4% Mar
Jan
x84% July
27% May
61
Jan
16
583/4 July
15
24% Dec
7
22
43%
15%
Oct
Jan
29
133/4
Sep
17
6% Feb
21
4%
Nov
10%
Feb
Apr 29
39% Oct
15
26% Mar
41%
Deo
93/1 Dec 30
3% Jun
30
38% Dec
1113/4 Mar 10
16
24%
Feb
13
14
THE
(258)
LOW
Jan.15
13%
14 Yb
*104
14
Va
15%
92%
14%
*14
14%
*107%
102 y4
/
110
101
92
*14'/a
14%
14%
14%
106 v*
260
6%
1st
1%
2d
preferred
27%
28%
93%
91%
93
101%
101%
*15%
*49%
107'A
*95
*63 y2
49%
30%
*68
33%
;
:
Coast
W
35%
36%
35%
106 y2
106'%
105%
105%
100
4%
95%
94
94
93%
94%
400
22
22
22
22
22
22
22
22
2,300
62
530
60%
115 y2
111%
28 y2
*24%
60%
113
*24%
6%
6%
6%
14%
*13ya
14%
*13%
14%
18%
17%
17%
17%
17%
17%
19
19%
*18%
.•18%
19%
*18%
4%
4%
4%;
5
6%
*6
19
4%
4%
6%
xlll%
111%
*24 y2
28%
28%
*13%
18%
*61%
61 %
113
*112%
28%
Atlantic
4%
19
19
19
4,000
Automatic
5
4%
5
37%
37%
37
37%
14 Ya
14 Ya
16,000
i.
38
14%
14%
*37 %
3d
38
x3ff%
37
37%
14%
13%
13 Ya
14
14%
13%
143/4
15
14%
14 YB
14 Y2
12%''
12 Ya
12 YB
11%
11%
19 YB
18%
19 YB
18 Ya
14'/a
14 Yb
14%
14-%
143/a
14%
12
11%
12 Va
HYa
12 YB
18 Ya
18%
18 %
18%
18 YB
18%
14 Ya
14%
14%
14%
15
15
63
63
63
63
63 '
63
400
*48
12 Ya
163/4
49
48
48
3,300
18 YB
15
14 Ya
14%
14%
62 V2
62%
62
62 y2
48%
51%
49%
51%
48
48%
24,
24
23%
23%
223/a
%
14%
62
23 Ya
*14 Ya
62
*
%
'
44
44
35%
44 y2
*44
35 Ya
: *44
36 Ya
V
23 YB
44 Ya
/
*47%
23 Ya
'; 44%
44 Va
33 YB
33 Yb
35 Ya
32%
11
11
10 Ya
11 Ya
10 YB
10 YB
10%
10%
10%
10 YB
IOYB
23
23
22 Ya
22 Ya
22 y2
22 Ya
%;v 22%
22%
22 '/a
22 Ya
*22 YB
36%
37YB
*37 YB
37%
36 Ya
36 Ya
*88 Ya
92
*90
92
88 Y2
-88 Y2
*
18
18
18
*17%
36 Ya
*36%
*
17 Ya
*98 Ya
98 Ya
9Ya
9%.'.
34
100
*
98 Ya
•
99%
8 Ya
10 YB
*165/B
35 Ya
35
16 YB
17 YB
16%
23%
23%
16 Va
23 Ya
29
21
29
28
21
21%
24 5/B
21
*24 Ya
*95
28%
29 %
24 Ya
*82
23 YB
98
85
24 Ya
*24 Ya
14
84%
*82
25
*16Ya
98
28 Ya
21
16%
*95 Ya
28 Ya
21%
21
24
98
25
34 Ya
15%
15%
-173/a
28%
20 Va
20 Ya
24 YB
24
*82 Ya
84 Ya
84
Ya
25 Ya
2b %
25 Ya
24 Yb
23%
*25
y2
26
100 Ya
101
30
30
*135
137%
25 YB
30
;
-v
100
*136 Y2
30 3 B
30
30 Ya
100 Ya
99 YB
137%
136 Ya
Vt
61Ya'
60 YB
60 Ya
14 Ya
14YB
*14%
.14 YB
*60
25 Ya
100 3
*57
*
30
137
59
100 Yb
30
14
LOW
I
per thare
*30
31
*15 Vb
HIGH
SALE
57
57
*14
%
Jan. 14
per
30
share
30
f
per
*29%
share
;• i
f per share
*30
30%
Thursday
t per thare
33%
30 Y8
15%
15.
15'A
14%
15
14%
14%
14%
29
29
28%
29
28
29
27%
27Ys
26%
16
15 Ya
*i6V'4
17
*16
17
*16
16%
16
*36
*35
37%
*34
30%
14%
14%
27%
27'A
16
*15%
16'%
37 Va
*35
*35%
37%
24%
25%
23%
25
24 Ya
24%
24%
25 Ya
25'A
31%
31%
31%
31%
*31 Ya
31%
31 Ya
31 Ys
*31%
94
94
95
96
x94%
94%
*94
95
95
95
94
94
140
50
50
*50
51%
*49%
51
49 3
8
•49%
*49%
50
50
50
30
25%
25%
26
26%
25%
25%
25%
25 Ya
•;'." 25Yb
26
25%
25%
41.
50%
40%
40%
41
*52%
53%
*88%
92
*4%
52%
41%
40%
41 >A
51%
53
52%
50
*88 y4
91%
*88
*88%
91%
4%
4%
*4%
40 Ya
4%
4%
41
41
Ya
41%
51
4%
50
50 Ya
90
*88
89%
*4 Ya
4%
4%
20,400
1,800
r
14%
Feb,
83%
Feb
29
49
Feb
13
Dec
13% Dec
30
16
41,
Oct
38 Ya' Jan
48 Ya
Oct
57
May
21
Sep
31
May >
4%%
50
Oil
-—a—.*—50
Co——
Jan
8
—5
55 Yb Jan
28% July 28
May 19
45% Dec
20% Apr
Feb
69
13
42y2 Dec
common.—..—10
preferred
Barnsdall
54 % Jan
19
9
24
37%
7%
36
*7%
7%
*76
8iy8
*76
36
36
7%
81%
7%
*75
36
*36
7%
37%
81%
*75
10
10
9%
33
33
32%
32%
32%
32%
*23%
29 >/8
29
29
28%
28'A
28 YB
*36 y2
38 Va
36%
36%
*95
97
81 Va
32
18
*95
18'A
18
10
9%
97
36
*95
18%
17%
*31%
32
*31%
32
*31%
*94
98
*94
98
*94
*20%
21 %
*20%
20%
*20%
18%
18%
18 Va
18%
18%
*123
123
124%
123
123
10
36%
32
31-%
98
21
39% Dec
19 Yb Feb
8
18 Y*
Dec
39 %
Feb
24% Nov
24
21Y.
Oct
24%
Nov
48%
25
35% Dec
pfd.———100
—2.50
83y4 Dec
29
17% Dec
29
20% Aug
7
96'% Dec
19
108 V* Feb
15
3%%
cum
Co
common
conv
Mills,
Inc
1
5
28
Indus
33 %c
Bigelow-Sanford
Birmingham
*•
V:
'
'E
13% Dec
Airplane
Ami
Class
Co
&
25
A
Borg-Warner
3%% cum
—5
&
Bower
Roller
Sep
36 Ya May
98%
Dec
29 Ya
Nov
112% Aug
52 Ya May
22
29
32% Oct
105 % Dec
Jan
27
66
Feb
23
31 y4 July
Nov
114Y4 July
Deo
168
3
18 Ya Jan
Feb
85 ya
23
150
143
:
53
"Nov
10
73%
34%
*95
5.600
2,500
29
600
35 ya
1,700
97
$ per
Year 1946
36
9
32%
31%
31%
400
*94
98
*94
98
*
20 Ya
21
*20%
21
18
18
17%
124
♦122%
*122%
10
74
36%
*35
87%
86
86
17%
17%
17%
17%
l7Ya
17%
*34%
35
34%
34%
*34 YB
34YB
21 %
20%
21%
20%
21
20%
20 Yb
88
86%
86%
87%
&3
*87 Ya
35
9%
*
72 Ya
•
Feb
Jun
183/4Dec
17
14
18% Aug
66 Ya May
8ep
41 Ya July 23
v. 24 Ya Oct 15
34
Feb .11
42
Oct
116
22
67
r,
18
Nov
35
Dec
73%
112
101
Sep
Jan
9
52
Oct
89 y4 July
35 Ya Feb
7
27%
Nov
493/g Jan
9
'42%
48 Ys May
57 3A
*pr
55
Oct
15
36
Nov
61%
Jun
102
Sep
10
89
Dec
107 Y4
Aug
6 Ys Feb
3
4%
Sep
11%
-
3 Va May 19
*
Sep
6;ooo
7%
Budd
*72%
90
;
35
35 ya
600
Buffalo
86%
86 y2
900
Buff Niag El Corp
89
34 Yb
17%
17%
34 Yb
32%
20%
21
20%
*87Y'a
89
*87%
17%
33
20%
88
89
88
88
*87
89
*87
88%
*83
88
*83
88
*83
88
*83
1,000
500
10,600
60
88
*12'A
12%
*85
89
3%
*19%
101
3%
20
101
12%
*85
14%
14%
14%
14%
14
12%
89
14
7,800
10 Ya
10 V8
10%
6,000
Bush
*82%
84 y2
70
Bush
19%
19%
*18%
102
12%
12%
*&5
*3%
19
18%
11101 Va
102%
27%
27%
27%
x99
88
'
3%
183/a
100
12%
*85
3 Ya
*19
12%
12%
-88
*85
3 Yb
12%
3,200
3%
Butte
98%
99Y4
27
27 Ya
32 Ya
327/b
19
1,500
1,700
California Packing common..No par
20
32%
32%
54
52
52
2
2
2
2%
2 YB
7ya
7'A
7%
7%
7%
7%
7 Ya
7%
7 Ya
7%
7%
29'%
7%
29%
*28%
28%
28%
3,500
2,500
28%
28%
28 V2
28 Ya
13%
28%
28%
800
13%
11,300
109%
370
30
13%
13%
13%
13%
*109 Ya
112%
109 %
109 Va
108%
*39%
40%
*39%
40%
*39%
19
*18%
*18%
19
13%
;
18%
11%
11%
11%
11%
11%
*42%
44%
42%
42%
*42
12%
12%
12%
12%
*12%
55
54%
54%
54%
*54%
For footnotes see page 24
14%
109
''
40%
18%
11%
13%
*109
*
39 Ya
*18%
13%
110
*52
53
2
2
13%
109 Ya
40%
*39%
40
19
*18%
2%
19
11%
43%
12%
42
42
12%
12%
54%
54 Ya
-54%
32%
*52
110
11%
100
5
—:
Zinc
&
33
32%'
*52
2
2%
10
common
preferred
800
54
32 YB
Bros
Copper
310
33%
53
13%
109
Ya
2%
39%
39%
*18%
19
50
100
11%
11%
""*40 %
43 V2
12 Ya
12%
*12%
12%
700
*54 Ya
55 %
*54
55%
550
11%
*41
:
103
20 Ya
Or*
20% Nov 20
14
Sep
6
120
Jan
120
9
69
Jan
2
14 Yb Feb
31
88 y4 Feb
Dec
Dec
30
14 Ya May 19
.
11%
12,500
42%
200
5%
preferred
—
!—
Zinc-Lead
Callahan
—-50
.
1
Canadian Breweries
Canadian
Cannon
Pacific
Mills
tty
Oct
110% Mar
36 %
:
4
Apr
Apr
25% May
130
Feb
9Ys
7 s
18
Oct
22 Ya
Jun
Oct
99
Jun
45 Ya
Feb
37% Nov
7
70%
25 y4
102 Ya Apr
11
96%
Deo
23% Feb
18
18%
NOV
33
Nov
Oct
"
v
108% Mar
:'•'
46Ya Jun
59Ya May
26 Ya July
38 y« Feb
10
22% Feb
1043/b Feb
17
16%
Oct
15
95%
Dec
100
Mar 12
84%
Dec
119% May
97
Dec
102% Aug
13
Nov
4
95% Jan
6
16% Oct
23
May 19
10
Dec
31
6
88
Jan
22
7
•12% May 19
Jun
11"
Dec
9
79
Dec
27
108% Jan
3
Dec
11
94 Yb May 22
24% Apr 28
19
May 19
51% Dec- 12
1% Dec
17
111
■
213/a
'
Nov
15%
Mar
Jun
Jan
"
24 Ya Feb
133/8 May 19
6%
k
20Ya
Nov
105
4
,
Oct
4Ys
Sep
98
.
110
<..
Oct r.
10
Oct
23
15
Oct?
Jan
3
99
Oct
6
19% Nov :
27% Oct;
May
39 Ya May
Feb
6
22%
104
75
,
;
May
9Ya
:
*
•
Jan
35Ya
Feb
112% July
'
40
May
12
29
Deo
47%
Jan
53
Oct
58
Apr
3Ys Feb
8
3
Sep
7
6%
Oct
7%
12 Ya
Jan
20 Ys
Oct
40% May
34 Yb Dec
x55
8
V4 Feb
34Y2 Oct
,
22
27%
•
Apr
Feb
Nov
18
110
Dec
3
Feb
10
113
Nov
147
38
Dec
10
48% Feb
18
43
Oct
58
Jan
18
Dec
12% May 13
17 Ya Feb .10
132
12 Yb
July
May
11
25% Feb
20
24
Dec
25%
Dec
25
9% May 17
15% Feb
13
lla/4
Oct
22%
Feb
No par
33% Nov 21
47Ya<Dec
15
14
14% Feb
1
12 Yb
21% May
57 Ya Feb
18
Oct
Oct
Ltd——No par
——
45 Yb May
May 14
Campbell W & C Fdy——No par
Can Dry Ginger Ale com
1.66%
$4.25 preferred —
—
No par
Canada Southern Ry Co
100
Cons
Sep
May 19
Dec 26
80
6Y4 May 19
Hecla
38Ya
14"
21'Y2 May 19
&
:
Oct
26
Copper.;—5
Calumet
•
Dec
125
May 19
25 Ve May 20
80
preferred__100
Bldg 7%
99%
2
32
30
3
6
Co (A M) common—No par
Participating preferred-—*——100
Byr*n Jackson Co—
No par
*52
*52
106 Ya Apr
72
53
99%
*26
7
—-—1
:—
Byers
*32%
32%
-.5
1..100
27
18%
36 Y» Jan
27 Ya Feb
Jun
Apr
11
5
Feb
Jan
May
125
13 Ys May 19
Deo
20%
53%
42 Ya
70
105
5
20 Y4 Dec
>■''
95
*
115
3,
28% Feb
31%
Dec
Jan
Jan
109 Ys Apr
63
Jan
35 Ys
Nov
2
26
30
26
common—1
35%
Jan
Dec
Dec
*
19 Ya
27%
27 Ya
Butler
500
*27%
27 Ya
Terminal
Term
4%%
88
3%
Oct
May 19
84 y2
3%
23
Jun
9%
12%
10
84
84 Ya
88
31% Feb
80 '
10
*3%
Oct
95
conv 2nd preferred
100
preferred
^
__100
Burroughs Adding Mach
No par
85
*85
Sep
30 Ya
Apr
34Ya
Jan
13 Va
11
3%%
9 Y2
12%
72
27
'96
25% Jun
15
No par
Inc
Co
3
18 Ya Feb
40 Ya Feb
3%%
100
83%
13%
Watch
Jan
5
■
30% Nov 20
—No par
1
100
——
Mills Corp
preferred—'
4%
9%
3%
27%
Bulova
83%
14
Co
26
,
15Ys Dec
$3.60 pfd
Burlington
*9%
3%
102
14%
Co——:
Forge
Bullard
*82%
9%
85
preferred
35 Ya
Dec
May 17
90
No par
common
86
Dec
23 VB May 19
5
100
—
Co
12
No par
preferred
(The)
Dec
21
No par
common
35 Ya
*87
9%
$5
Co
86
17 Ya
common
—
35
88
14%
preferred
86 Ya
*85 Ya
89%
*82%
Inc
Co
Bucyrus-Erie
50
*85
9%
Gas—
30 Ya
13 Ya Feb
9 y2 Dec
No par
2.50
100
No par
Bruns-Balke-Collender
«
8,900
*87
14%
Shoe
Brown
10
90
85
Union
1
26
30
No par
1
39% Feb
Dec
81
No par
common
Brooklyn
73
90
9%
Co
May 20
7
Jan
8
May 19
32
Mar
Jan
37% May 19
5
—2.50
..15
Stratton—*
preferred
124
*85
14%
&
Bristol-Myers
9%
97/b
73
*87 y2
*C2
Briggs
$3.60
18%
Co
Airways Inc
Brewing Corp of America
Bridgeport Brass Co.—•
Briggs Manufacturing
May
30%
33 Ys
383/4 May 21 '
(assented )_100
<
oct
Oct
30
27
46
Nov
15 y4
18 Ya
Dec
88% Dec
31
6
10
59
25:
Jan
20
45% Dec
...100
>
Highest
S per share
8 per share
share
35% Nov
17
89'
15
Bearing
Apr
x203/e Feb
.
•
14% May 19
—5
Braniff
3%%
*31 Ya
34%
.
♦28%
36
32%
1,400
124
9%
74
35%
28 Ya
y
•10
17%
87%
'
10
32%
17%
17%
86%
8iya
10
32%
97
1,100
17%
*35%
36%
*75
400
7y2
17%
18 %
122 Ya
10 Ve
73%
81 Ya
36%
7%
21
18
*
123
10%
73%
*36
y
7Yb
Mar
83 Y4
Lowest
Highest
29% Nov
——1
common
RR
24 Ya
May 17
28 % May
,
No par
±
preferred
Maine
Boston
12
7
May 21
14
No par
common
Corp
Apr
21
29
181/2 May 19
2.50
(The)
Co
28%
35% Jan
i
12% May 19
.No par
Borden
.;
17
$ per share
Brass.———5
B
Inc
Jan
19
.1
Co—i
class
Stores
Jan
58
25% Nov
24
No par
common
Aluminum
112
Oct
7
Range for Previona
Laughlin Inc
.;
Bloomingdale Brothers——
Bohn
37
Dec
102
Range for Year 1017
&
Boeing
Oct
? Lowest
>
.Par
'
■
Co
Nor
V 16%
7
"
STOCK
Co
W)
15%
2
46 % May 20
No par
Co—:
& Decker Mfg Co——No par
Black
Bon
133 % Dec
.No par
Carpet-i
EXCHANGE
,
—100
-
Apr
28% May
35% Jan
Oct
28 Ya Jan
*76% May 19
com—No par
Electric
NEW YORK
'
19% Apr
1
_—
15
103% Feb
9
Steel (Del)
preferred—..
30%
NOV
«
9
24% Dec
Mar
14
39 % Feb !
19
.1
110
11:;
18% Jan
21% May 20
77% Dec
Feb
17
24% Jan
24
of 1946.No par
ser
Co—
7%
17% Sep
com__No par
Loan
pfd $3.25
May
Y4 July
106% Aug
May 17
——
118
104
2
Feb
18s/s Oct
10 TA May 21
Dec
73
Nov
39 Va Mar 31
12% May 16
95
Jan
40:
6
—100
Aviation
Cum
12
19
30% Jun
Sep
111
2
31
62
16% May 19
4%% ' preferred—
Bendix
Dec
..1
Co
Jan
110% Jan
29
common—10
Corp
Howell
29
—10 %
No par
Co
Jun
5% May 27
.
-.50
—
Packing
Belding-Heminway •
8% Dec
.100
preferred
Corp
RR
Beech-Nut
4,800
98
*20%
18%
10%
86%
35%
*95
36 Ya
Jun
4
Beatrice.Foods
2,700
32
*94
73%
20%
36 Ya
97
17 Ya
10%
*34 Va
28 Ya
17Ya
72%
*86 %
28%
36 Ya
9 Yb
32 Yb
17%
10%
*35
*75
9%
*95
72%
*17%
7%
32 %
9%
97
*36
7Ys
7Ya
Jan
15
18
'
*36
Jan
Maf.'
18
Bath
Iron
Works Corp——
1
Bayuk Cigars Inc..
——_No par
".
'
May
8
Juii'
5iy4
200
"
36 Va Dec
par
Aug-
Bond
4%
Nov
64 Y4
3,300
89%
.'*4%
6Yi
41 Ya
41 y2
*88
8
Dec
Bliss
31%
/■
7% Feb
Apr
500
24%
32
Aug
4% May 19
3
25 Ya
Bliss
37%
26'A
32 3/4
36%
Blaw-Knox
31%
*36
Oct
18
2,100
24%
37 Ya
15%
Barker
2,200
,v.;:
27
88 Ya
Foods—
800
"V,
Jan
27% Jan
Sep
Bethlehem
37%
30%
37Y4
3
'
Best
thares
14 Ya
23 Ya July
Nov
15 y4 Dec
12% Feb
66
■ales for
30%
Sep
18
5%
the Week
26 Ya
.
Nov
16%
29
60
100
$ per share
10 Va
18
29% Jan
3OY4
6,400
Jan. 16
10
18% Feb
12
5% May 16
30
Brothers
•
jJun
W03/4 Aug
253/a Jun
Oct
3,400
Friday
Jan.15
Sep
12%
<fc
500
97s/4 "Jan. I
135
Nov
25
16% Feb
Best
1,100
Nov
114
31
common
Beneficial
14 Y2
X53%
9
30
Dec
Bendix Home App Inc com
57 Ya
July 28
uuly
27% Jan
17% Dec
13
1.
STOCKS
Wednesday
Jan. 13
No par
Works—13
Aroostook
Aircraft
57
121
9% May 19
&
&
*14
.'.
14 Ya.
73
15
-'t
"ApX% ;
47 Y»
Bell
1
.;
18
22% Mar 11
Jun
Oct
2,300
137
57
Apr
111% Dec
preferred—.:
100
Barber Asphalt Corp (Delaware).lO
100
101
'
_No par
common
1,100
Ya
34%
Amer~i_5
of
5,900
I
303/b
100 Ya
137
Ya
22% Oct
24
Oct
PRICES
Tuesday
Jan. IS
Jan. 10
I
AND
14 Ya
14%
Monday
Saturday
'•
14%
26
*135Ya
*133
"
*
24
87
25%
30Ya
99 Ya
99%
*135
'*56
59
30 Ya
30%
99 Ya
8
136 YB
*84
26 y2 July
Nov
Bell
10,100
"
21% May 19
11
Conv.
'«-»
29 Ya
5
51% May
130%
8
18%
Bangor
'
20 Ya
20
84 Y2
25 YB
28%
*
Nov
Aug
17%
600
C
Nov
105
40
25% Feb
4,900
17%
22%
98
31
22
105
liy8Mayl7
Aircraft
*22 Ya
26
113% Sep
30
16% Feb
Creek
*95 Ya
Dec
28
Dec
24% Feb
Beech
1,000
15
Nov
91
26
Beech
157/a
31 Ve Apr
105
B_—100
Jun
7% May 17
Beck Shoe 4%%
2,000
May
Inc,,,;
120
Y
May
94
Mar 29
77
Jun
^5c
Co
Ohio
170
.-
49 Y4
Dec
22
.'
29% May
—100
&
8,400
35
83
Dec
68
—
Locomotive
Y2
98
*
*82
.
Sep
26 Y4
4
Jan
>
b
T)
Beaunit
32
45
15
62
125
:
preferred—.——:———100
4%
60
22 Ya
28 Va
.
17
(B
500
,
13
common—-
IOYb
97/B
*30 Ya
*95 Ya
28 Ya
20 Ya
Ya
98 Ya
10
17
900
90
32
22%
98
900
18
99 Ya
Ya.
2,600
36
*88
15%
23 Ya
23
84
25%
*15%
Va
*30 Ya
11,300
:•<
series
Canteen
Baltimore
140
r
IOYB*
*17%
35
16
16
16 Ya
*95
9
35
16%
16 YB
*98
9Ys
34%
16%
98
98 Ya
9
32
35%%
24
23 Ya
*95
18
800
22 Ya
36
90
*17%
32
35'%
36 Ya
*88
18
35
16% "7.
16%
.
98%
9YB
*33
33
33
36 Ya
88
*17%
36
*35
*
*
99%
9 Ya
*32
37
88
18
Baldwin
4,500
48
34 y„
.v:
5,400
500
Feb
34% Feb
Mfg Corp (The) common
$2.25 conv preferred,;
No
Babbitt
13,000
:
59
23% Jun
Co———
1,000
'
*23Ya
v
44 Ya
33%
;
23 Ya
34'/8
*44
*23 YB
44%
23 Ya
44 Ya
34%
*
40% May 17
common—1
Avco
1,900
13 Ya
14%
12%
*
Oct
preferred————100
■
14%
Oct
No par
Conv
26
13
prior pfd'($1.20)
Austin
Autocar
Dec
100
No par
1,000
4%
May
10
Corpi—
Nichols common—-
1,600
6
13%
j
121
Oct
15
Task
17%'.
6
*12%
May
32%
Feb
__'—1
conv-
Atlas
17%
6%
14
Lines
$3.75
Corp
17%
*6
" 1
148
Nov
18% Feb
preference series A—100
Atlas Powder
'
38
conv
Atlas
240
May
Dec
—No par
Line' RR
I SS
Preferred
*24
153
125
10% May ig
preferred—_1C0
Refining common——25
36%
*113
Dec
4
10
non-cum
106%
28%
|
124%
Feb
x98
100
Inc
94%
60
Jun
4
134
112
Co..
preferred
F
36%
61%
13
132% Feb
1
.78
106%
61
20% Feb
4
2
Atl G &
11,500
6
Dec
2
95%
,
Aug
Dec
Sep
5%
36
30
13% Dec
Jan
Atlantic
800
*17
Feb""'
36% May
■
,
99
,,
100
34
v
3,600
12
OQ
5%
77
*69
13
May
'112%
Nov •'"
Oct
17% Feb
29
36%
115%
5
49
32
77
65
Dec
Dec
A
T
18% May ■>
July: V
135
^
.
Sep-;.:'..
18%
May 19
107 Va
*13%
4%
49
49
900
102
4.,,.
25
1,400
J
17
Jan
66
94%
*24
18%
15%
32%
*68
6 "A
*18 y4
101 Yt
15%
Feb
19
Sep-
42%
10
35%
*113
19
18%
101%
15%
32%
78
13%
6Ya
*13 '/a
101%
110
112
7
■"
-
99
common—1
Investment
29
Sep 22
I per share
10V1 Sep
21
Jan
Topeka &r Santa Fe com—100
107 y4
64
61%
28
Atch
49
31%
.
Associates
6,200
22%
*22
115%
*24
*48
78
1,500
93%
95
95
64%
*113
29%
15
27%
92%
108
*106%
22 y4
15
49%,
*68
38%
37
96
22 y4
78
*101'
15%
29%
30%
37%.
*i06ya
ioi%:
49
50%
30%
*68
78
37 y4
15%
*27%
Goods
55
Highest
f per share
130% Jan. 24
10% May 19
preferred'—---,-----IOO
370
10
14
v
No par
101
14%
30
91 Ya« Dec
5
Loweat
15% Oct
Dec
38 y4 Jun
No par
—
Corp.-
105%
28
49%
103
par
100
14%
92
30%
Constable
Artloom
Corp.
Associated Dry
$ per share
9% May 19
par
107
28
30 Va
com_i—No
101
14%
94%
49%
preferred—No
Cork Co
preferred.--
$3.75
Arnold
I per share
com—L_5
106 Va
28
*68
4,800
Illinois
of
$6 conv prior
Armstrong
Highest
Par
100
93
101%
14%
Co
Year 1946
Lowest
14%
28%'"
15%
2,100
&
Armour
%.
■'
■;
Range for Previous
Range for Year 1947
:
,v
107%
96
101 %
14%
''-1.
'
'
STOCK
EXCHANGE
,
14'A
28
15 Va
100
,
107 y2
94
101
'•
240
14%
2,300
NEW YORK
%
.
iooy2
28'A
15%
Monday, January 19, ,1948
101%
95 Va
101
CHRONICLE
110
28 Va
15%
92
14%
94 '/4
101
45%
92
15
%■%,
700
106
♦14%
iooya
28%
>
19,800
45 %
15
14%
thares
13%
106
92 '
*14%
15
13%
46
92
-91%
14%
15
I per share
105%
45%
the Week
y
SalM for
Jan. 16
13%
105
46%
92%
14%
*107%
:
102%
102
13%
106
46%
Friday
\
I per share
13%
106
47
14%
'14%
14%
109 y2
102 Va
13%
106
46%
15%
15%
I per share
13%
*92
*i07ya
Va
*105
46%
*14
14 y4
14
106
share
13%
92%
92
*15 Va
•
per
46%
46'/2
91
14%
106
107
46
I
FINANCIAL
STOCKS
Thursday
Jan.14
per share
&
PRICES
Wednesday
Jan.13
$
t hare
14 y«
SALT?
Tuesday
Jan. IS
Jan. 10
per
HIGH
Monday
Saturday
I
ANT)
COMMERCIAL
Capital Admin class A common—1
$3 preferred
A —...
1n
11
50
Apr
50
89% MM
.
Volume
167
Number 4665
THE
COMMERCIAL
NEW
LOW
AND
HIGH
Saturday
Monday
Tuesday
Jan. 10.
Jan,12
SALE
Jan. 13
S
share
per
*108
t
109
31
%
share
per
I
109'
*108
*108
109
31%
31
31
30%.
30%
41%.
41%
41
41%
17
17%
*42
43%
*6%
17
16%,
16%
16'A
16%
42%
43
42%
42%
6%.
6%
44
6%
45
138
*63/4
6%
44
43%
*134
,
104
133
*134
138
*135
59 %
60%.
59%
60
60
60
27
26%
26%
26%
27
26'A
26%
102
134
*100%
134
26
101%
*1007/a
102
134
134
26%
*132
135,
26 »/a
26
,
18%
18%
18%
8%
8%
8%.
8%
8%
8
8
8
103
*103
103
80
8
8
*12%
13
*10
10%
*10
26%
20%
19%
19%
*197/a
18%
18%
18%
103 %
80%
8'A
8%
103 34
79%
28
,103.
79%
103%
*79
8%
8%
8%
8%
12%
*12%
12%
12%
10 Va
*10
10%
10%,,
26 %
26
253A
26' 'A
16 %
16 %
16%
30
33
21 Va
21%
101
14
21'A
*106
14
*21
13 Va
100%,
;:13%
14 i
-
14
*27
,i44 %t*
44'/a
89
*86%
89
v29-
*27%
29-
44 Va
86%
5
89
88
88
*
87%'
11%
4%
4%
5
5%
5%'
8%
8%
8%
9%
9'A
10%
11 Va
10%
10%
10%
il Va
11%
6%
11
6%
11%
7
7
6%
v
6%
6%
•V
7%
6%
.
14
14%
,■
13%
v<
14%
13.%"
■V
14%
'
-
13%
e%.
8%
8%
8%
8 34
8 Va
8%.
8%.
5%
5
5%
4%
4 7/8
43A
5
5
9%
9%
9-%
9 Va *
33%
33%
34%
33
19%
39%
17%
18%
38%
32'A
31%
54%
*53%
39%
39
32%
32
54%
'
4%
■
-
v
*33%
62%
61
25 Vs
V, 'Ui.
'
39%
9%
16
>16%
33%
*32%
*165
90
*80
*
37 V®
108
108
30%
30%
108%
*73
:
*73
45
15%
*42%
15%
*34
10%
10%
36%
,
*140
142
91
*16%
36
*16%
17%
4%
4%
4%
4%
36
w-:
I
25% '
x24Vs
•■"V %
95
,v;A
Vs
'
22%
182%
62%
62%
,'22'A
38%
31%
31%
*31'A
8%
44%
*92'/a
75
Y.::
107%
30%
30%
*106%
73
,-.43
■■
43
*73
"0
32%
32%
x33
10%
:10%
10%
10
36%
35%
35%
^
142
*140
90%
*177
*62%
.
>■ 44'A
share
17%
?•.' 17%
14%
14
15%
15%
15
*14%
17 Va
17 V4
*14%
14%
*13%
14Va
14
14
15%
15
15
15%
15%
*14%
15%
14%
14%
*13%
14%
14Va
25 Va
24%
25
24%
25
'
25
25
24%
24%
24
24%
24
24
11%
11%
11%
11%
xll%
23%
23%
'22%
;;
23%
92:
22%
68 Va
37%
68 %"
38
38%
38%,
38%
92%
93%
93%
22%
22%
23
23
23
23%
2%
98%
97%
28%
28
11
10%
10%
10%
10 V4
30%
31
31
30
30
2%
2%
2%
2%
2%
97%
98
97%
28%
28%
28%
10%
10%.
",10%
10%-
10
10
31
30%
30%
30%
30
30
V
5 Va
5%
30%
31
*30
,,
5 Va
30%
31
5
*30
5%
22%
22%
22%
22%
22%
22 Va
22%
22%
104%
*104 Va
104%
104%
104%
104%
104%
16%
16%
11
*10Va
16%
*16
16%
11
*10%
11
*16
10%
50
49 Va
50
10%
46'Va
49%
48%
49%
48
13%
13%
14%
15
14%
14%
14%
14%,.
14%
23
23
22%-
23%
48%
14%
22%
22%
23 %
23%-
23%
*13%
13%
13%
24%
13%
13%
13%
13%
13 Va
14
*34
14-",
35
*34%
35%
34"
34
104%
*41%
*93'A
12%
*87
■
42
98
41%
*95%
12%:
12%
93
32'A
11%
101
11%
*54%
54%
7%
*88
32%
*97'A
8%
52%
97%
12%
93
'
97%
41
98
12%
12
93;
90
90
32%
32%
32%
98
97%
97%
11%
11%
11%
*11%
54%
54%
54%
54%
54 Va
8%
7%
7%
7%
8-
52%
*16%.
23'A
51%
15
15
*44%
53%
17
32%
*94
,
23%
52%
50
16 Va
52%
16%
*22%
23 V*
*51 Va
52%
50
16
22%
*51%
11%
54 Vm
8
50%
16
23
52%
"
-
■
32 Va
11%
53%
54 -
-
7%
7%
50%
51 %
54
7%.
50%
15%
17 Va
16%
17%
46
47
47
47
,
,
Co
:■
32
(The)
34
Dec
113%
Jan
108% Mar
Jan
106
preferred'—
non-cum
non-rum
1st
Jan
60%
Jun
165
May
Year 1946
191% Nov
5
Dec
24
8
18
56
Feb
60%
Dec
37
Oct
63%
Oct
23%
110
July
Aug
Jun
.Oct
22
10%
15%
Oct
24 Va
Feb
12%
Nov
41
Jan
13
Sep
39
Jan
38
Jan
18
;
May 14
17% Feb
10
4
9% May 15
17% Feb
11
8
Feb
*99
10
Feb
69% May
20% Feb
May 17
16 Va May 19
20
common..100
200
Deo
42 %
$ per share
22% Oct 23
Aug 25
12
"
61%
May 22
Jan
2
105 % July 25
46
Highest
Oct
130
11
May 19
87
23% Dec
Lowest
t per share
6
65% Jan
1155
May 21
33'
>
$ per sharei*.
May 19
x6l% Jun 10
preferred—100
2nd
Nov
152U*
Highest
141
1140
No par
preferred.
Southern
39%
7
19
154
26
$ per share
—No par
!
Inc....
conv
Fffc
Range for Previous
No par
cum
6
Wfth
48% Mar
26
Dec
Lowest
Internat.
Mills
Apr
Ju f
'•
12 %
Oct
Jan
16 Va Feb
4
21% Dec
1
32% Jan
21
28
Oct
47
21% Nov
28
32 % Jan
10
27%
Nov
47
Jan
Columbia. Gas &
10
18
12% Oct
14
8Va
Sep
14
Jan
30% May 28
39% Aug
22 % Feb
6
32% Nov
48
Apr
7
preferred
Electric
Carbon
Pictures
8
100
,_No par
—No par
Co
May 20
Apr
Jan
Deo
78%
Deo
106 %
Apr
36%
Oct
50 %
Aug
Commercial
36!
May 19
48% Oct
23
36 Va
Oct
59%
87
Dec
115% Feb
3
103%
650
$3.60
Commonw'th
«&
preferred
—No par
South
com—No par
series
Coi__
Consolidated
Consol
of
Y
N
preferred—
Consolidated Grocers
com__No par
800
1
Consolidated
Consol RR of Cuba, 67o
;
$4.50
100
5,800
>
200
32%
200
-11'A
2,100
*
10.400
Can
Inc
Continental
10
:
:
_1
16,700
Continental
Oil
1,800
Continental
Steel" Corpi
1,000
52%:
52%
1
15%
16%
Cooper-Bessemer Corp com—No
$3 prior preferred.
No
Copperweld Steel' CO- common
40
12
12%,
12 Va
12%
12 Va
12Va
12%
53%
12%
53
53
12%
12%
52%
52%
52%
3,700
52%
x52%
52%
1.120
of
Convertible pref 5 %
Corn
series
Dubilier Electric Corp..
Fvohanerp
Bank
fir.
17%
Sep
15% Feb
10
13% Nov
54f% Jan
2
'
30
48
Feb
20% Feb
106 Va Apr
9
44% Feb
8
Dec
"5
29
17
9.
'
Dec
May 17.
44
May 20
6% May 19
10
110% July 30
13 % Feb
7
55% Dec
1
Tr Co
.50
1
20
May 16
12% Jun 27
•44
Dec
26
47
Jan
Nov
32
Aug
May
Jan
Deo
115% Mar
35 Va
Sep
54%
12%
Feb
22
Apr
101
'
July
Sep
Sep
109 Vs
Jan
33%
53%
Jun
103%
Nov
113% Mar
8V0
Nov
18 Vs
Feb
46 Vs
Nov
63
Jan
lft
Oct
24
Jan
33%
Oct
49% May
19
15
Nov
*23% May
13%
Nov
30%
Feb
46 %
Deo
56
Jan
,12%
Oct
23%
Feb
55
Dec
17% Oct
55
Feb
10
ft
3
12% May 17
20% Feb 13
51% Dpc
61
27
33%
Sep
23
27% Oct 23
43
60
Nov
Feb
19
12% Apr
A3
Jan
55% Dec
14% May 19"
par
Feb
25% July
23 3A Apr
8
35
14
Feb
Jan
12% Feb
_L5»
14
10%
36
109%
104% July 31
par
Apr
Sep
40% May
55% May
42%
*111
24
30
95
-
38% Feb
114%. Feb
29
30 Va Dec
18 Va
17
11% Dec
94
Feb
Jun
16%
Jan
19% Feb
„
Jan
36 Ve
14%
17% Mar
-;14
Delaware
...
Cornell
20% Feb 13
94% Dec
5,
T1
Insurance..
Oct
May 19
^
Oct
Sep
May 19
Dec
5 Vs
24%
105 Va
*
"12 Va
Oct
3
29% Feb
!
16
33
108% Mar 26
18
40%. May 19
30
No par
'
53
Nov
132
24 Vs, Nov
35% Feb IT
7
Feb
7
:
17
20
common
preferred
'
j
14
32% May 19
Continental Motors..
140
20,
.Apr
Corp of America com__2o
!
1
19,100
33 % Nov
5%
Nov
99% Dec 30
com
16%
■
12 V*
10% July 30
100
23
'
2
10% Dec
,
1
Continental Diamond Fibre,
1,700
r
:
7%
14% Jan
111
Jun
July
32 % May
Sep
Sep
..No par
No par
Continental
$3.75
29%
11% May 21
47ft
cumulative preferred
100
Continental Baking Co com__No par<
V
$5.50 preferred .1
No j>ar
4,900
97%
2
4% May 19
115
pfd
preferred
Container
33% Jan
'
Retail Stores Inc..—1,"
Consumers Power Co
3,000
v
Consolidated
28
4
104% Nov- 18
;_5
123
Jan
2
29
'21.
V
Corp—_1.33V»
Aircraft
2%
Jan
123% Jan
'
Vultee
Deo
29
30
No par
Consolidated LaundTies Corp.
Consolidated Natural- Gas__.
7
36% May
Nov
8% May 16
23 Va May 19
<i.
Coppermines. Corp—5
Edison
$5
19
Dec
94
:25
Congoleum-Nairn Inc.—.No par
Cigar.
—No par
26% July
25 Va Nov
-
No par
Edison
29
20% May 19
2% May 19
Conde Nast Publishing Inc___No par
500
,
51%
100
Solvents
Commonwealth
400
54%
10
1
:
•
Credit common
preferred'
Commercial
$6
common—No par
Consolidated
12%
Sep
Jun
20
54
page 24
3
13
2,700
103%
48%
Mar
91% Dec
10
Dec
<89
No par
A
Aikman.
May 21
140"
y•;':!.Par
;
16 Va
*47
109
106
4
35% July 28
Range far Year 1947
23
47
Jan
Mar 21
12%
see
'
'
16%
15%
46
108
,:l-V'-.:
•
52%
*51%
15%
46
115 % Feb
STOCK
16%
23
Jan
Feb
54
For footnotes
STOCKS
23
*16%
Feb
105
28
27
86
"1,000
90 vy 90
11%
'
Jan
43% Jun
50
6,200
97
*95
95
28
30
3a,700
41
32%
98
*11%
1
12%
205
30
100
r
15%
40%
11 Va
-
94%-
32%
*94
:
10%
48%
*95%
11%
-*88
'
14'
-
38 % May
Sep
30
2,000
35%- 35%
41%
11%
•.
% .:
102
•
*95'A- 97%-'
12
*88 ;
103% J-~
40 Va
98
;ii%
35%
1037/2
41%--
16":
14
108 Va Mar
Dec
10.900
24% ■V 24%
*34%
104%
1
98
23%
45
98
41%
34
103%
32%
53%
15
41%
41%,
104%
11%
23%'
45
103%
32%
*52%
-
105
98
53
16'A .17
-
104 '/a
-
26
107
.100
.yj;.'EXCHANGE
1.800
,
y
"
Jun
34 % Nov
85
100
300
5 Va
14%-
18
Dec
4,100
.
22%
48
15% Nov
34% Nov 21
11% Dec
11,400
31
104%
*10%
Dec
6
Mar
20% Feb
36
1,300
22%
15%
88%
94
31
May 1JL
63
7,700
"
104%
.•
16 Va
'
v
30%
*5'
22%
104%
*10%
,
Dec
$4.25 cum preferred w w__No par
Columbus & Southern Ohio. Elec—10
36,500
99
28 Va
May
-
178%
No par
2nd pfd
cum
Columbia
7,700
.
2%
98
104%
*16%
"A
28%
22%
11
38%
%
May
22
10
4,700
23%
2%
Sep
Oct
44 Va
9%
3
11% Feb
2,300
94
.
Apr
27%
34% Nov
May 19
.
Feb
July
1
—
Columbia.
'
38 V4
38%
98%.
16%
yv -1,200
68%
38%
68%
36 Va May
4%
33,500
12%
11%
*65
38%
93
28%
5%
12%
*65
38%
28%
31
*12%
38 %
Oct
Columbia Eroad Sys Inc cl A...2.50
Class B
.2.50
u
1,900
92%
2%,
99%
*30^
11%
38
104%
104
:
34%
92
28%
%
34
39%
:
99
5%
35
68%
*65
30%
50
11%
Nov
Sep
4Vo
10
'
"
36%
24%
57f
2,400
14%
21
■
114
39% Mar 12
Corp.—
Colorado
4,000
24%
18
30
28
Deo
62
$3.50
550
24%
Feb
48 V2 Jan
May 21
23
Corp
No par
Colgate-Palmolive-Peet com..No par'
310
.
108
44%
Class
900
*24 Va,
y 38%
16%
-!'
17 Va
20
Feb
Coca-Cola
220
.
Deo
6
Feb
Dec
:v,!;v'Ay''-':
5,000
r
30%
21% Sep
29% Jan
111
19
19%
W
120
44%
Dec
56%
*17%
x44
v
Nov 24
99 Va
NEW YORK
200
:
May
3
Coca-Cola
14
94
*10'/a
62%
17%
92
5%
175 Va
62%
53
66% Oct 21
22
4%,
"1350
14
39%
5 Va
175%
62%
17%
94%
5%
179
Sep
36
Jan
1ft
Sales for
Shares
Jan
July
Jan
Preferred
the Week
$■ per.share
15
Feb
Cluett Peabody & Co com
Jan. 16
25 Va,
Dec
24% Feb
1,900
Friday-
;/•,
25
Oct
6y4
57
20
89%
Deo
14
1
101,
2,400
35%
142%
14'
18
-7% Mar
10
Clopay
14%
93%
*30
900
35%
11
Feb
21
29
10
3,000
142'/a
%
15% Feb
31
42% Mar 17
78.
Colo Fuel & Iron Corp com—No par
38
Jan
26
5,400
d«g*.
59 Va
Dec
14%
vo*65
Wr37%;
37% Jan
Deo
14 % Dec
14%
12%.;>
Nov
42% Dec
14%
68%:,
Feb
17
45
56
71
14%
38% A
.
vfe
89%
V
34% Dec
2
July 23
16,
76%
50
14%
35
13
Jan
,50-
10%
-89%
>
142%-"',
Co 7% gtd
4%- stock——...
gtd
14 %
40
30%
V
Pitts RR
&
Special
Colonial
35
Jan
July
Climax Molybdenum......—.No par
Clinton Industries Inc..
..l-
1,700
11%
43 Va
53% Feb
15% Sep
347a Sep
109
18%
34%
Jan
21
10
*18%
>■
82%
10
18%
12 Va
Sep
31
18%
34%
3C%
Dec
19
35 Va
38%
Nov
18%
11%
Sep
27 % Jun
14%
11%
11%
106
19%
"V
11 %
8
7
12% May 19'
1
14%
,
Oct
100
19
14%
3%
9
8
No par ;
....
Cleve
10
50
6,000
<y. •33%
10
35%
r
15%
preferred
Graph Bronze Co.'(The)
preferred
5%
15
38
2%
75
*33
Clev
40
19%
*14
4
Ry Co com—.100
Collins &
14%
33% Feb
15%, July
Sep
27% Feb
May 19'
27 % May 20
preferred.!—a——
100
Illuminating com__No par
$4.50
70
1,500
45
St Louis
1,200
*14
7
14% Feb
38% Feb
<
37 %
Cleve Elec
9,400
31
*42%
C &
92%
.
'
11V* Oct
.
6% Feb
30
21 Va
&
24
14%
■
'
23
.20
24
17%;...
Oct
Sep
.96"
100
Co..—
91%
17%
5%
Dec
5
—;—
Equipment
57«>
107%
Yv 15%
10'/a
Clark
700
90
*73
33
City Stores
3,600
»
*106%- 108'A
-
City Investing Co common—
5 % 7ft; preferred
...;
44%
38%
2%
2,200
■
24
;
1
'
92%
17% :
Jan
8% Feb
14% July
17% Jan
56 Va
com..__8.50
44%
;
Jan
26 Vs
Nov
32-
-
——.j—
24
40
28%
y
36%
*30%
4 Va Nov
25
92
Y
18%
Oct
7'A
•
15% Jan 13
2,50v
& Elec
Gas
.10% Dec
par
92
40
100
20 Va Jan
__——_^.100f
Cincinnati Milling Machine Co___10
C I T Financial Corp
__No par
City Ice & Fuel—.——No par
C C
107%
108
—1—No
Rights
180
*80
*1350
44%
Oct
9%
...100
Cotton; Oil———
Cincinnati
60
x35%
15%
62%
_4%
20
7% Feb
51% May 19
Preferred
81
*160
A—_„i
24%
11%
*65
"7,600
75,600
97 Va
*80
45
*177
62%
3
12% Dec
Rock Is & Pae RR Co__No par
44
11%
68%
24'/a
tV~
300
tper,3shari>>
179
62%
Jun
Preferred series A ex-divi—__100>
V'.
"1350
66%
12% Jan 29
33% Nov 25"
par
Copper Co—
Chrysler Corp
1,600
Jan.15
*177
62%
Apr
25% Ma*
102 % July 25
23% May 19/
13% Nov 25'
,
preferred—.No par
24
24%
*65
23%
9%
Thursday
share
Jan
'
100^
*
91%
*92
25'/a
34%
179
44%
convertible
PRICES
per
Oct
6% May 19
45
24'A
*12 Va
v•
ivrar
48%
& P vtc„No par '
92%
25
12%
■
17%
2
—I.No par r
Preferred series
,
;
26,800
31%
Jan. 14
28
%
preferred..—.
Jan
25% Ocfe
32
105
30
B
St Paul
-21% Nov
Oct
15% Feb
Chile
60%
31'A
Wednesday
*,■
30
Jan
25% July
43
12%
10 Va Jan
24%
25
35 V4
SALE
••
-
Jam
May
114
4% May 19
2% Dec
5
;
25
*35
HIGH
51%
Jan
Sep
8%. May 19
.10:
;• •r-*9'A
75
89%
-
3v
10
14
5% May 19
6% May 19
4% May 17
par
87/a
30%
35%
30% Oct
54% Jan
Jan
3% Apr
•
Chickasha
31%
107%-.
*140
89%-
13
•
.
•"
150
25"'
a
Cot ol A
24%
;
-r
25
*12%
142
89
20 Ya Feb
81Va Dec
Series A prefetred vtc..——.100
Chic
23
40% Dec
1
—
& Louis Ry
Milw
$3
4,100
V:;
90
•
Sep
14%
23% Nor
10
110% Jan
May 21
23
*
40
Chicago Pneumat Tool comulNo
36
*95
.
»
,«
1
44%
*24
11%
AND
62%
24%
14%
35%
142
*1350
93
*17%
*10%
;
36%
10%
5
Co.:——No par
RR
Feb
24
10% May ],0>
.1,23 \
tChilds Co
38%
33
•
27:
19 %'
100% Dec
400
22%
15%.
:
."f;. 35%
j
Jan. 13
*177
63
4%
38'A
*42%
24
31%
"
20
Chicago. Yellow Cab-j—i——No
22 Va
*73
10%
89%
I per, share
181
24%
14%
.
33
;
142
Tuesday
•:>,
Jan.12
$ per
"
V 89
Monday
*19%
28 %
''
190
30%
Oct
800
A
17%
16%
107 Va
30
No par
..—
preferred—..^.—
5%t-
400
•
31%;
*107%
31
10'A
90'/a
12%
16'A
107Va
107%
75 •:'
Jan
23Va
Deo
8ya
%
Chicago- & Northwest com-^i.No par
21,700
31'/a
36%
35%
:*i4o
A:,
30%
16%
*80
15%:
.
Chic
200
3 2'A
36%
42 Va
14%
2%
108
108 «A
73
45
36 Va
111
East
Class
4,600
82
*160
Sep
11
6
21% Jan
No par
Co__+_.
preferred
&
5 %.
3,200
,
55%
.16%
90
*80
37 Vs
30,
*1065/s
Belt
Chic Ind
5,500
*31%
190
15
19%
99%
*80
,
32%
42%
19%
*38%
"
■
17
15%
14%
11%
*160
90
9Va
82
■: |: ,16%
32%
195
*107%
.
93
15
*80
16 Vs
*80
30%
25
*14'A
*87/s
9V4
82
3b%
108
95
25
31%
Vs
32%"-32%
108 %
6,800
31%
35 % Mar
11%'May 19
20% May 19
No par ;
Chicagot Great West RR Go com—50
3,200
22'A
38%
16%
1350
44'A
%
38%
16%
;
4,200
68 Va
'•
%-
22%
LOW
*1350
*91 Va
89
18
—_1
Coppers
Products.,..
Chicago Corp (The)
14,000
*4%
24
38 Vs
33%
„
17,400
,'"f
Pasco
Class A
„■
'
*31%
37%
Chic
4,800
48'A
va
95%
15%
Jan. 10
*177
*91
4% May 19
Chesapeake & Ohiq'.Ry common.^25,
3Vac/o convertible preferred—100
3,300
5%
*11'A*16'A
95
•
22 Vs
*165
15
Apr
Jan
*
32
95 Vs
*80
195
;22 Va Nov
de
Chesapeake? Corp of Virginian
1,900
Va
9%
60'A,
38%
*8
14% Feb
Checker.. Cab Mfg:
,
100
7
*33%
22%
9% "
90
24'
•24%
Jan
Jun
16% Oct 27
23
Sugar Co—
Champion Paper & Fib com—No par .'
.
9,800
11
29%.
36
38%
82
!
9
'v
116
29
Chain
1,200
•'-67%
4%
22'A
31%
;;
88
*53%,.
61
24%
-
Jan
9% Dec
$4.50
43%
'\f 31
17
60%
20
11% Dec
V 5,905
12%
*33%
%
IB
39%.
•
29
9.50
Certain-teed
1,000
13%
5
1
i_No par
3,000
61
15%
Saturday
f per share
24%
*91
•
21
38'A
36
July
77% Dec 30
Cerro
(
^2,200
37%
60%
/
23
-
2,100
4,900
'
30
*
Xl7% Dec
Co___No par
Col
Century Ribbon Mills—
16,900
*4r'A
8ep
Central; Violeta
,
200
18%
*33%
60 VT -61%
*.
r.ioo
33%
'
17
20
31
Aguirre Sugar
Foundry
"
*33%
,
"...
*11%
14
12 Va Jan
20
Corp, pfd 3.40^e ser-loO '
fCentral RR of New Jersey,i—100:
5,300
y
47%
L%
*11%
21Vb Feb
102% July
,
12%
17%
38 V®
Deo
V33%
6&%
Jan
15
Central
•13,100
31'A
Jan
161%
22 Va
138
Apr 28
96 Va Apr
18%
30%
i'-f' rrv!,
,
109 Va
Oct
32% Feb 24
158
Cent NY Pr
9%
•:
Sep
9
19% May 19
19% Dec 19
300
8%
55%
104Va
12
-Dec
i
*
31'A V
ft
Dec
130
116
preferred
Central
(
*53%
108 Va Jan
x97
No par
Jun
39
31%
23% Sep
110%
19
'38
56
34 V4
!
:•
*53%
56
15 Vs
91
,1
30%
33%
":
34%
36.,
.'
*30
*106%
75
*42%
f
38%
30%
18%
Nov
4
5%
33%.
18%
8
Feb
15%
'
37%
108
If
38
32-
12%
17'A
4%
*8%
*>79 Va
*106%
A
31%
9%
195
*80,
?
"38%
v
16%
32%
37
!
.
80
*165
r
22%
31%
80
f
*91%
22%.
31%
V
h.
m
62%-
%
-V"'
•:
95 Va
\
39%
)
4%
25%
!•■■'••> *91%
S1 *
*22
!'
!:
18%
39
33%
Jan
81 Va Mar
22;
Feb
23
8%.
•
.25%
^
17
VA
36
62 %
.
,V.
■;
12%,.
17%
*33%
t
V.-'Y"'
12
*4%
-
V
'33%
,
173A
-■
183
54% Nov
28% Dec
100% Dec
"
9%
67%
*16%
t
--33
8%
9%
'
'
12
,
-
;-.;54%;
.-I'
::
,
8%
33 3A
18%
32%
"
.
9 Va
'
19
*53%
ft
9
?
33%
,
18%
39%
.
'
Nov
153
7
64
Central III Lt 4 Va %- preferred—100
'
1
Jan
Jun
1?%-May 19
1.00
:
10%
55
49% May 19
—No par
Corp common
Oct
Nov
170
5%
100%
7-
5'/a
158Va Jan
>
103%
10%
18%- i
30
20
13%
5
"T4%;:! 15%
-15 'A
8%
5 Va
<Dec
Feb
6%
31%
8
Dec
17 %
V 8%'
.7'A .:.
132
47
29
87%
9 Va¬
.100
preferred
preferred
7% Feb
13
Oct
13%
5%
9
Jan
Sep
26 »A
:
47/a
9
6
29 Va May 19
25
Jan
Jan
34
60
Sep
*27% v 28
87%
4%
Nov
8%
43%
9
Nov
34%
9
16%
;
13%
15
2
26
43%
4%
8%
'
28
14
Oct
2
21
43'A
21% Oct
45
May
19
29%
44%..
61%
14 Va Jan
*100
*27%.s.
28%
V *27%
.5'-,.43%
443%
39%, Deo
Sep
10% Jan
'",16'A
:
Dec
39
22 Va Feb
,9%
14
38%
7
8
10'A
'21%
*13%
1st
2nd
2
50 Va Feb
7% Dec
80
1007/a
*100
7Vo
Celotex
t
39% Jan
8
12% May 19
35% May 19
,_1
*
29
7% May 19
12%
'
Corp
Co common
137
Sep
Central Hudson G & E Corpi-No par
9%
,
Dec
Highest
J per share
9
1,800
2,900
1,200
8'A
*9%
32
Dec
38
112
Jan
8%
12%
26
27
5
128
share
100
80
16 Va"
21%.
21',4
*100
101
$4.75
80
10'/a
30'/a
100
Caterpillar Tractor
No par
Celanese Corp of Amer com—No par
3,100
:
12%
','16 Va
30'
General
&
(J L)
24
10
series—.—_—50
4%
Preferred
10 Va
,
"25%
16%
29
■
-
28
*4%,'
Carriers
Nov
I per
,
18 Va
103-,*
81
17
44%
*86
Co
102
$ per share
20 Va
.
*8
.
*44%
Light
.Case
5,400
26%
8'/a
8%
30
*98
14%
8%
*8
21
-
101
;
8'A
29%
21%
*13%
18%
8>A
*8
16%
21 Va
*98
18%
8 Va
26 V4
26%
17
29%
&
Preferred
12,000.
137
25%
*19%
.
105
*10
10%
*133
26%
12%
8
12%
12%
*28%
Power
Year 1946
Lowest
Highest
$ per share
Ry—_100
*100%, 101%
135
25%
18%
*79%
81%
*79%
20%
18%
135
25%
8
*19%
20 Va
*100% ,101%
25%
8V4
814
*19%.
105
Ohio
138
60%
&
Carpenter Steel Co-_
Carrier
Corp common
.2,600
.
Clinch
Carolina
500
500
1,800
6%
26%
20%
17
*134
Carolina
3,400
r
-
,
43%
59%
18%
*26'/a
138
6%
43%
44
61
*19%
*7%
6%
43%
16%
43%
•
27 Va-
*100%
26%
80
6%
44!
16'A
Range for Year 1947
Lowest
Par
1,400
'
.
26%
27
*102%
7%
*43%
139
30%
42
*42
Range for PreTJona
STOCK
EXCHANGE
60
60
60
*8
30 "A
*40%
NEW YORK
Shares
108
31
42%
*134
26%
106
42
*40'A
16%
45
133
30%,
42
16%
138
*100
106%
42%
45
26%.
106 Va
Sales for
♦ per share
17%
*134
59%
t per share
31
%
(259) ' 15
RECORD
the Week
Jan.16
43%
*42%
6%
40
CHRONICLE
STOCKS
107%
*30%
*
•
STOCK
Friday
Jan.15
share,
per
107%
43
*41 %■
$
YORK
Thursday
Jan. 14
share
per
FINANCIAL
PRICES
Wednesday
,
&
J».r>
1
50
*12%
52
Oct
ro
Apr
Nov
2'. %
Jan
8ep
67%
Jan
16
YORK
NEW
Monday
Tuesday
Wednesday
Jan.12
Jan.13
Jan. 14
Jan.15
t
share
per
1 per
1 per share
share
per
1
♦92 ft
19%
20%
95
93
93
*92 %
5
5
4%
5%
4%
4%
♦4%
2%
2%
2%
2%
2%
2%
2%
34%
33%
34
93%
*92%
95
97
97
63%
5
1,600
3
1,600
Coty International Corp
Crane
32%
32%
98%
100
^
98%
Coty Inc
3,200
*97%
33
32%
Co
3%%
*12%
I3ytt
*12%
13
12%
12%
12%
13
13
23
*22%
23%
22%
22%
*22%
23
23%
23%
23%
23%
500
Cream
*22%
41%
42%
*41V4
42
41%
41%
41
41%
Crown
43%
43%
900
*42%
45%
44%
44%
♦44V4
44%
100
*43%
32%
33
32
32%
31
31 Va
31%
31%
2,800
97
967/a
96%
95%
96 VA
95%
95%
230
122%
100
$4 2nd
25%
253/4
4,000
*68%
69%
200
333%
560
14%
2,500
45%
*44%
33%
33%
33
33%
97
97
97
97
*96
124
125
24%
23%
24
24
24%
69
68
68
69
69
♦120
124
124
*117
122
*115
*118
*44%
443/4
*44%
443/4
123%
123%
*24%
25%
*68
70
*G8
*31%
32%
*31%
32%
32%
32%
32%
32%
33
333/4
14%
14%
14 %
14%
14%
14%
14%
143/a
14%
143/a
♦160
24%
16%
16%
24%
8%
58%
5
17%
xl6%
16%
700
24%
24%
*23%
24%
200
O
8%
5
*57
-
26
;
25%
24
24%
21%
22%
•;
23
95
92%
92%
*92 %
94
*16%
16%
16%
16%
*15%
16%
17%
*17
18
22%
22%
'
'
*17%
17%
18
"
'
24
21%
21%
*92%
95
*92%
19
*17%
*17
2,000
9
28
Sep
35%
Jan
31
Oct
62
Jan
52% Mar 27
47
Deo
54% Feb
25
Apr
29
98
Dec
29
30
16
25
108% Feb 24
103
Sep
110%
Apr
Feb
105% May 19
130y8 Oct
110
Sep
150
Apr
22% May 19
37 y4 Feb
13
29
Deo
Jan
29
54% Feb
115% July
34% Oct
96
30
66
Dec
22
May 20
13% May 19
Jan
7
165
12% Dec
29
88%
Jan
17 Vk
Oct
17% Sep
40%
Jan
46%
28% Jan
160
Jan
165
Jan
95
7
Oct
106
Mar
18
Mar II
101
16% Not
24% July
19% Feb
3
12% Feb
5
10
Not
No par
No par
113 y8 Jan
16
147
Dec
4
103
Oct
146%
Feb
Jun
6
70
Mar
1
60
Sep
76%
5%
Oct
12%
Apr
Feb
17%
Oct
Oct
145
Dee
45
91%
Deo
98% Not
17
Not
34
xl6
5
.
preferred
Dana
Inc
7%
1
pfd
Feb
18
11
132
128
Apr
23
,18% May 17
10% Feb
I
19% Aug 26
26% Sep
90% Nov
No par
97,
1
100
2.50
x„20
series A_
Corp N Y
8
21% Dec
12% May 21
129
100
34/4%
pid
6% Feb
4% May 20
1
Sons
Corp common
Cum
56
7
12
4
Oct
29
2J3%
1
16% Jan
24% Oct
Dayton Pwr & Light common——7
Preferred 3.75% series A
100
Preferred 3.75% series B
100
Dec
29
23
35% Jan
6
82% Dec
31
34% Feb
July
May
84
Dec
30
May
101% July 29
101% July 24
175/a
300
*17
17%
100
5%
Stores
Davega
preferred
Chemical
Davison
1,500
25%
Jan
26
18
Sep
14% May 20
Corp
(The)
16
21
22
21%
213/4
28%
27%
28
27%
275/a
27%
275/8
27%
273/4
*87
89
*87
89
89
90
90
903%
*893/4
90 3/4
*893A
903%
200
*87
89
88
88
89
90
91
*88%
90%
*88 %
90%
80
14%
""*14%
14%
14 3/8
14%
'1,700
Dayton Rubber Co
50c
25
12%
12%
125%
3,800
Decca Records Inc
50o
29
39
37
38
383%
1,200
Deep Rock Oil Corp
1
33
Aug
8
45% Oct
5,300
No par
31
Muy 17
46% Oct
34%
Apr
Not
22%
Deo
31%
Deo
33% Oot
68%
Jun
25% Sep
6% Oot
23
38% Feb
Not
17
60% Jan
16% Jan
31
Deere
16 %
11
13%
12%
20% Feb
13'/4
Sep
13%
123/4
11
13%
Sep
31% May
36% July
16% Not
11
14%
14%
23% Feb
14%
12% Sep
14%
20
*22%
22%
28%
28%
■
22%
21
1
28%
14%
40
9%
'
12%
♦38
21%
'
-
*37
-
43
43
44%
31%
30
30%
*30%
'
5,000
43
30%
43%
43
45
'
'.>■
30%
39
9%
"
31%
;
39
Delaware
Lack «fe Western
383/s
95%
9%
17%
18%
17%
18
18
18
17%
18
3,800
37%
37 %
37%
37%
373/4
37%
37%
37%
37%
1,200
21%
21%
21%,
21%
95/a
93%
,
Hudson—
1,800
39%
9%
&
Denver
18%
18%
38
38
37
21%
21%
21%
"
♦58
"
24%
v'
42%
17%
17%
'
v.:
41%
41%
24%
16
16
16
16
16
25%
25%
24%
25%
40%
41
40
403%
43
43
43%
44
23%
41%
'17%
15%
is y.
♦16%
17
♦36%
37%
*36
54%
*53%
54
*22%
23%
22%
22%
36%
36%
35%
36%
17%
16%
17 %
'
•'
16%
v
*22
23
22%
22%
22
22
34%
35
34%
34%
34%
345/a
16%
163/4
16%
16%
16%
103/4
96%
96
96%
96
96
21%
23%
23%
24
23%
233/4
*82s/8
85
•
*182%
♦118%
118%
114
'
LOW
92
'
16% ; 16%
106
6%
52
52%
12%
12%
*34
,
34%
52
12%
.,
v
v
16%
*136%
140
56%
56%
16
4
-
15%
-59%
15%
22%
22Va
,
13%
13%
-
1
,33%
33%
101
101
4%
10%
10%
-
4%
.
56%
16
59%> 62 :.
15%
16
21%
21%
13% - 13%
*33
33%
101
101
4%
4%
10% >10%
*55
57
*63
65
:-57
>65
*55
*63
;
53%
16%
60%
60%
'49%
49%
49
49%
49
30%
30%
30%
*49%
:
30%
7%
-
.
7%
7%
7
«■
7
7%
'
*49
7%
14
18%
.
13%
13%
13%
14-
Xl3%
37%
37%
37 %
37%
*37%
38
18%
11
25%
18%
18%
-18 %
18%
*18.
7%
13%
13%
37%
13%
•37%
30%
ia%
99
■
>
10%
10%
10%
10%
10%
25
25%
24%
25%
24%
24%
97%
97
98
97
97
97
.
10%
*•
10
4,100
30
\ 1,100
3,300
2,900
<
300
"
2%
1,700
16%
12%
34%
J
v
,
147
"19,700
1,400
136
700
16%
7%
,
24
23% Sep
39% May
47
Jan
17
34% Oct
60%
Apr
26
50
Jan
25
42
Sep
60
Aug
24% Feb
13
16%
Oct
34% Jan
common.
preferred
International
conv
NEW YORK
55% Oct 30
'
1,000
1st pfd
No par
5
No par
No par
15
No par
No par
50o
100
1
28% May 19
»
■(
39% Oct
23
16 % May 14
21% Jun
•
18
Jan
76
45% May 27
500
10%
25
700
3,800
:
170
-
37% May
29% Feb
63%
Not
108% Mar
111%
Deo
118
7
42% July 24
8
98% Dec
26
114% Feb
91% Dec
31
104% Oct 22
14
Dec
22
15%
Oct
98% Feb
19
91
Oct
Feb
10
15
Oct
17% Nov
29
29
41% May
July
8
161
Oct
227
Jun
30
129 % Aug
4
124
Deo
133
July
92% Dec
29
107 % Sep
3
12
115% Jun
19% Mar
9
3
112%
Oct
116% Feb
13%
Sep
May 27
110% Sep
14
Dec
27
197
Range for
;
Highest
I per
Par
'• 44 > May 19
«25% Jan 16
No par i
<
.
-
Federated'Dept Storee com-—Nopar '
4%% convertible -preferred—100 >
Lowest
$ per share
share
4%
11%
32;
< 16%
s>9%
May 19
t per
Pretloue
share
Highest
$ per share
19
Sep
30% May
.16%
Not
31% May
25% Aug 18
24 % Apr
3
Jan
80
51
May
21
Year 1946
Range for Year 1947
Lowest
30% Jan
61
Jun
Not
39
Oct
23% Deo
101
Oct
209
Aug
Feb
:
48% July 23
190
198% Oct 21
57% Dec
,2t
25% Feb ',
7,
Feb -4
27% Feb 17
109
111% Feb
8% Feb
17% Oct
-
18
106% Not
6% not
if
65% Feb 13 ;
18% Feb
5
39% Jan
3% Jan
19% Feb
•
.
71
40% May
Aug
112
27% Dec
16%
Oot
34%
Jan
80% Feb
35% Apr
48% J«n
7% Jan
12% Deo
10
14
8
Feb
114
50% Oct
,
3% Doo
13% Oct
t
2^% May
July 24
138
Sep
180% May
156% Feb 24
128
Sep
167
171
;
Oct
66% Jun
61% Jun
Dec 18
11% Not
24% Dec 15
19% Jan
8
17% Dm
30% Feb
43% Mar
17
Not
21% Oct
104
Sep
•17
„
38.
107
\
Apr
40
3
19
2
2
*'•
i
12% Feb
.
j
|
.
.
(
Mar 24
4% Dec
Ill
Jan
:
31
3
3
67
Feb
SS
*9%
Oct
48
Oct
90
-
Oct
Oct
Mar 25
23% Jan
93
Jan
95
Jan
22%
Jan
13% Feb
8
10
24% Feb
7
15% Oct
.33% Apr
25% Jan
7
21% Not
;
50% Oct
18
13% Aug
-
;
j
July
44% Sep
57% Oct
0
34% Oct
7
Oct
00 • Jan It
81% feb
9% Feb
.
Not
63% Jan
!
11% Jun
1
88
May
1% Sep
1
Dec 8 •
14% Dec 26
May 16 • - 42% Mar 7
Dec <5 23% July 14
May 19 ; , 14% Feh, t
19> Apr l8' > 28% July23.
>97% Decr-3i[>w; 103% Jutt 12
.
68% Apr
36% Feb
7% Dm
I
19% Jan
Oct
64% Feb
10% Oct
21% Jun
i- 35
j
,
21
Not
:104 ;
Sep
>
',11
Jan
Apr
116
115% Dec
173
For footnotes see page 24
yjez
Jun
33%
12
19
10 % May 19
14% Nov
Dec
23
Mav 16
80
14
Vv'
Fedders-Quigan Corp
1
Federal'Mining & Smelting Co—2
Federal-Mogul Corp. —;
—5
Federal Motor?Truck-;-*—---No par
Apr
Mar
48
Deo
16 %
36 % Sep
100
5
Fajardo Sugar Co of Porto Rico
2o
Farnsworth Televis'n & Rad Corpx.l
400
18%
Fairbanks Morse & Co
25% Not
x23% Sep
10
34
8
Eagle-Plcher Co
10
19% Jan 16
Eastern - Airlines Inc.
—I
16 . Nov 5
Eastern Stainless Steel Corp
5
14% Dec 4
Eastman Kodak Co common
10
42% May 17
6% cumulative preferred
1-100
163 Dec 26
Eaton Manufacturing CO—
-4 ...42%May 17
Edison Bros Stores Inc common—\
18% Dec 31
4%% preferred
100
88' Dec 30
Ekco Products Co common—
_5
.15% Aug 29
' 4%% preferred
100
104 , Dec 26
Elastic Stop Nut,Co_
1
4% May 19
Electric Auto-Lite (The)
5
50% May 17
Electric Boat common—
3
10% May 19
,
Convertible preferred
—-No par
33% May 29
Elec & Mus Ind Amer shares
—.
. 2
Sep 8
Electric Power & Light corn—No par
<11% May 19
/
$7 preferred—
.
-__No par ; 145 « Dec 2
$6 preferred——No par
135% Dec 1
5,000
99%
62% Jun
Feb
EXCHANGE
: 7,000
10%
Sep
May 22
19% Dec
STOCK
■
4,10(J
30%
24%
48%
May 19
49
,
7%
*97"-
18
62
15
24% Mar
13%
,
30
Not
2
19% Oct
40% Sep
15% Dec
Pont de Nem (E I) Si Co
Corp—
July
14% Not
28%
18% Jan
12
25
59% Oct
37%
*18
-
81% Feb
29
11 % May 19
———i,
Corp
Jan
22
800
-
13%
10%
-
15%
60%
15%
20%
13%
32%
101%
4%
37%
18%
24%
15% Oct
»
15
49%
30%
,
10%
29
*49
7%
24%
Aug
Oct
16
18
10%
*45%
6%
55
*63
8%
13%
*18
Deo
25
2
1,800.
55%
.
15%
22%
13%
32%
*100%
4%
10%
30%
38-
19%
Electric Storage Battery
—No par
47; Jan 3
Elgin National-Watch Co
:
15 v ,15% Dec 5
; ,. * 3,100
El-Paso Natural GaS——^
^3
,46% May 20
,
2,500Emerson Electric Mfg Co—
—4
9% May 19
M 1,000
Emerson Radio & Phonograph
5 . . 13 < May 19
; .. 1,100
Empire District Electric Co
10
t ll% Dec 17
.^
600
Endicott Johnson Corp common—25 <,27 % May 17
;
150
4% preferred
100
102 r May ,7
14,700
Equitable Office Bldg new.
1
. 3% Dec
9
10%
; 6,700 • Erie RR common
No par
8% Dec 8
55
V 300
5% preferred series A—j
100
47% May 19
65
Erie & Pittsburgh RR Co
SO ; 63 • Nov 24
8% '
'700
Eureka Williams Corp.
5
7% May 17
18
->■- ■>
700
Evans Products Co_
—
517% Dec 29
10%
3,600
Eversharp, Inc.
1
10% Nov 17
46%
-1,100
Ex-CeH-0 Corp.—
3
32% May 19
6%
600
Exchange Buffet Corp
;
2.50
*6% Dec 19
55
" 15%
* 60
49%
99
.
5%
50%
.
*37%
*97%
-800
,' *132
32% 32%
101% 101%
4%
4%
10% 10%
*55
57
*63
65
8%
8%
18
18
10% 10%
45% 45%
7
7
30%
46%
,
146
^"13%: 13%
49
30%
11%
46%
•7
.
6,200
14,200
30
, 1,000
5%
50%
12%
*34%
,
15%
15%
60
;,60%
15% 15%
21% 22
15%
15% ,'4 . 15% 15%
21%
21%
21% 22%
13%
13% '
13%
13%
-32%
33
32% 32%
101% 101%
101
102
4%
4%
'
4%
4%
10%
10%
10% 10%
55%
55%
*55/
56%
*63
65 ,1
*63,
65
*8%
8%
9
9
*18
18%
18
18,
>10%
11%
11
11
*45
46
46
46
7
7%
*7
7%
'2,100
8,200
-
*2%
,
54*
54%
-30%
11%
,
91
91
15%
15%
*103
105%
Industries
DWG Cigar
ihares
19%
19
2
2%
16% 16%
147
147
,136
136%
*15%
50%
30%
19%
*97%
16
62 ' ;
7%
♦18%-
•10%
*25%
/
55%
16
.61'
*163
167
*52% 53%
53%
19
common
Duquesne Light 5%
30
Deo
26% Oct
Apr
7
13% July
3
20% May 14
Preferred $4.50 series-
the Week
21
"
42%
20
166
53%
55
r
42%
*89
91
15% 16
*103
105%
5%
5%
50% 51%
12% 12%
:*34% 34%
138%
8%
....-18%
11
46%
*7
8%
•8%
7%
8%
18%
H%
46%
7%
136
20%
43%
53%
19
2%
139
16%
Co
8TOCK8
i.
21
17
21
17%
*162"
2%
16% 16%
148
148%
139
56%
16
16
59%
148% 148%
2
2
16% rl6%
*148
149%
*137
140
..."
149%
92
r
Feb
16%
10% May 19
17% Jan
No par
com—20
No par
Preferred $3.50 series—.—No par
Duplan
800
Jan.16
21
42%
165
53% 53%
19
19
*88
92
16% 16%
*103
105%
5%
5%
50% 51
12%
12%
;;
34% 34%
Dunhlll
Sales far
t per share
20
20%
43%
*162
3%%
600
Friday
16%
20%
43
Dresser
Du
1
Aircraft
Chemical
series A;
$3.25 2nd preferred
800
145%
Ltd
$4 preferred
•»"
21%
17
20%
43%
*89
115
< per share
A
Mines
1,100
,
77
No par
No par
Cup Co common
Douglas
—
Oot
2
1
3,900
-..i"
; 97
145/s
21
16%
xl6
16%
*103% 106
5%
6
51
51%
12%
12%
*34
34%
2
2
'.16%
16%
106
6%
96%
*114',
;
14%
Jan. 15
21
54%
19
118%;:/; ■..-*>118,:,
119
—
900
'
...
155/a
170%
179
Thursday
t per share >
166
—
PRICES
21%
17%
19
*89
,
6
16%
19%
19%
/
16%
148%
20
43%
*161
53
r
92
2%
16%
21%
44%
162% 163
54%
54%
106%
34%
21
17%
21
54%
12%
21%
SALE
*14%
*
J
16
16
*15%
155/a
115
*114
Wednesday
Jan. 14
Jan. 13
43%
>19%
HIGH
/
14%
*14%
15%
180
.
115
*114
14%
85
*83
*96%
97
*96%
96%
t per share
21%
17%
t
166
1133/4.'
AND
share
V
44%'<44%-
1183%
115
t per
21%
1183/4
Tuesday
'
Jan. 12
Jan. 10
I per thare
179%
14%
Monday
Saturday
15%
181
115
;
14%
V
155/a
178 3/4
96%
97
114
14%
15%
*143/4
15
15
>*15 3/8
1193/4;;
ii9
;
V
15%
I813/4
15%
181
119
*96%
:,97
' * 115
143/4.
14%
16%
15%
83
*82%
85
*81
85
60
Corp-Seagrams Ltd
Dr.
2,300
28,400
1
17% Dec
Class
Dow
28
62% Oct
42% Nov
Divco Corp.
400
213/4
15%
34%
4,300
96%
182%
,2%
11,400
993/4
22%
*15%
52
56%
38%
96 3/4
181%
6
54
99%
Oot
4
Aug
2
Pepper Co
Doehler-Jarvis Corp—
38%
23
59
25
Dome
55%
27% Mar 25
No par
Distill
Dixie
44% Dec
1
partic preferred
T Motor Car Co
Diamond
19
22
19% Dec
25% May 19
35% Apr
3,100
»
383%
100
21%
16
16%
*993/4
100
96%
15%
*88
38%
383/4
38%
100
Raynolds class A
Diamond Match common
6%
42% July
20% Dec
5
12.50
Vilbiss Co
1,600
500
99%
15%
*104
5334
53%
523/4
53
Edison
Devoe &
70
22%
15%
19%
1
53
97
100%
*81
85
54%
36
17
>!
97
22
•163
*34
'
53
De
10% Fob
6% May 19
Co__100
Detroit-Michigan Stove Co.
1
Detroit Steel Corp
_1
6,500
*52
36
99%
*99%
96%
17%' ,17%
21%
21%
*34 %
53
•"
0
S
45% Mar
5% May 19
Detroit Hillsdale Si S W RR
400
22%
39
21%
17
35%
52
97
15%
17
16%
38%
♦14%
15%
»
35
55%
*114
«
17%
*22
39 VA
118%
15%
18
53%
52%
182%
18
15%
*16%
*17%
36
38%.
21%
800
17%
153/8
17
18
Detroit
-
ctfs for pfd
Escrow
700
*52
52%
*81
900
43
43
*34
39%
100%
2,500
393/4 " ••
*39
53%
53%
52%
*96%
500
•*'
25%
163/4
.
37
*35
39%
•99%
600
.
16%
245%
■
1,900
24%
15
18
15%
16%
38
♦53%
V
-
18
15
15%
17%
18
17%
15%
43
43
*24
23"%
•'
"115/8
*16
25%
*41
42%
*16%
17%
24
•
20
5:
>
30
32% May 19
100
100
20
for com
Escrow ctfs
12,000
59%
'
11%
*24
*
42%
*58
11% -11%
.
16
25%
*'
59%
'"•*7*58
11%
■
25%
16%
42
60
'
11%
21%
21
21%
24
24%
25%
26
♦42%
11%
21%
21%
*57
58%
11%
24%
16%
*41%
58
11%
*i6y8
24 y2
16%
65
11%
11%
*25%
-
*58%
65
11%
'
18%
29% Dec
28
Rio Grande West RR
i
18
24
20
100
50
Preferred
19,900
38%
39
common
&
9%
•
Co
&
Delaware
393/4
10
9%
;
800
9%
*39
40%
39%
'r»-.
10
;*30%
32%
»31
32
40
141/4
-
;
37%
43%
"
-*
32
14%
13%
37%
45%
44 %
45%
♦44%
v
40 y4
39
40
39%
*88%
12%
'
'
:
Deo
Oot
2
21% Jan
165
Oct
22
34% Oct 21
12
82% Dec
16
27% Nov
220
21 VA
Jan
45% Oct 20
18
16
*16 5%
20%
10
29
175/a21%
Oct
110% Aug
Dec
18
17%
165/b
16%
;
22
923/4
Jun
Not
Dec
Amer com__No par
Cutler-Hammer Inc
1,200
22
Jan
101
41
Class A
•
92%
7%
49%
6% May 19
Cushman's
21%
Apr
Oct
Oct
4%
24% Oct
3,800
95
31
16
Dee
14%
31
40% Feb 13
107
Mar
5
30
22% Dec
4
75%
210 % Mar
31% May 19
2
Curtiss-Wright common
18,400
24%
24%
16
Deo
7% Not
9
4% Jan
Dec
preferred •.
preferred
$7
5%
58% May
Xl85%
Aug 15
8% Jan
Cunningham Drug Stores Inc—2*50
Pub Co (The) com
No par
137
*131
13
195
11% Dec
No par
No par
Prior preferred
21%
21
21%
137
24
56%
5%
5%
•
21
*131
23%
213/8
21%
22%
*92 y4
5
21 %
137
56%
56%
13
No par
5
preferred
120
v
39% May
109% AU«
No par
(The)
com
Zellerbach Corp com
900
136 %
*135
Seal
&
31
97
Curtis
9,400
8%
8%
8%:
137
56%
5%
5
21
*131
•
8%
137
57%
*56
21%
137
,
-
137
137
5%
21
♦131
8%
8%
.
57%
5
5%
137
25
•
8%
140
57
21% ■21%
'*131
137
8%
*138
58
5
21%
*25%
16%
24%
138 %
5%
*21
17%
*24
8%
58%
*131
*16%
137%
'-
8%
140
-
*80%
17%
24%
7
15
Dec
2% Dec
Cuneo Press Inc
81%
17%
75% Jan
32% Feb
26 y4 May 13
10O
24%
81%
Deo
RR 6%
Cuba
4,200
12%
85
*81
Wheat Corp
Cork
Crucible Steel of
5%
101%
$ per share
26
1
merica
A
preferred
$2
180
12
12%
85
*80%
*
♦24
*137%
143%
.180
12%
12%
85
33%
*160
of
Crown
Oct
6
105% Jun
4% Dec
100
100
Cuban-American Sugar common—10
7%
preferred
_100
Cudahy Packing Co common
10
4 '/a %
preferred100
17
17
24
69%"
24%
83
*80%
83
*80%
*
123/a
12%
*160
180
♦160
180
12%
12%
12%
13
*160
180
♦160
180
*12%
25%
25
*68%
of
Creameries
1,000
13
12%
25%
105% Feb
16
61% Sep
—100
$4.20 preferred
12%
19
16
1
preferred
*97%
43
26
Dec
170
25
common
98%
*97%
18% Dec
1
*43/4
*2%
I per share
88
100
Preferred
20
5
*97%
98%
ser
3
3
33
pfd 3%%
I per share
88% Dec
5
100
100
25
preferred
of 1947
Products Refining com
Corn
3,000
173
173
3%%
Cum
Works common
Glass
Corning
10
so
:
64%
64 VA
64%
174%
*414
2%
*97%
94
94
*173
5
32%
98%
34
*92%
643/4
175
*172
174
176
35
19%
93%
94
64%
65%
64%
*173
•34%
20%
Highest
Lowest
Highest
I per share
Par
7,600
20
19%
*92%
93%
*92%
94
*91
*172
175
173
'■
20
19%
93
65%
64%
66
20
Year 1946
Range for Year 1947
Lowest
EXCHANGE
Shares
share1
I per
I per share
share
.
*
93
92
95
65%
19%
*92%
20
20
*92 %
Jan. 16
NEW YORK STOCK
Sales far
the Week
Friday
Thursday
Jan. 10
I
Range for Previous
STOCKS
Saturday
,
RECORD
STOCK
PRICES
SALE
HIGH
AND
LOW
Monday, January 19, 1948
CHRONICLE
& FINANCIAL
COMMERCIAL
THE
(260)
II,
I
U'ij "■
34% Aug
106:
Feb
Volume 167
Number 4665
THE
LOW
Saturday
Monday
Jan; 10
f
per share
57
I per
share
*20%
21%
22 %
*21%
HIGH
SALE
Jan.15
*211/4
21
*20%
22%
f per share
share
per
211/4
*20%
20%
21%
Sales for
*104%
200
21%
Enamel
57
57%
57%
57%
58
58
58
1,500
Fidelity Phen Fire Ins N Y
48%
473/4
48%
48%
481%
48%
48%
2,800
Firestone Tire
*1043/4
105 %
100
105 %
*104%
58
58%
*58
♦104%
105
♦104%
105
58
105
57%
58
105
58
105
57
*57
57
16%
16%
16
16%
16%
16%
16%
16%
16'%
35
33%
34
33%
34%
34 %
34%
33 s%
♦101%
103%
102 3/4
102 3/4
*102
104
*102'%
105
*33%
35
*33i%
34
•133/4
14
133/4
14
•213/4
22
♦213/4
22
37%
102%
102%
33
33
133/4
"
13%
*21 3/4
22
*32%
34
13%
•*213/4
,
22
14
22
♦213/4
32%
133/4
21%
213%
38%
40%
37%
40%
34%
363/s
29%
313%
29'%
30'%
10%
10%
10%
10%
10%
10%
ioy4
10%
10
10»%
1,700
40%
39%
39%
37%
38
38
38%
38
38 %
*91'%
92%
29%
92%
92
92
92
92
92
92
92
92
27%
283/4
27 %
28
28
281%
27%
28
26
25%
25%
*25i/8
25'%
*25
25%
*25
25%
200
13%
133/4
*133/4
14
*133/4
14
300
•251/2
26
*13 7/8
14%
13%
13%
13%
133/4
*41'/a
42
41%
41%
40%
41
*12
*25%
12%
*40%
41
.
403/4
40 3/4
40%
40 3/4
Xl2
12 v
12'/a
12%
*12
12%
12
12'%
20'A
22%
22
22%
22
22 %
22
22 %
21%
2 2'A
81
80
81
80
80
80
80
80
80
9'/4
91/4
%
8%
20
*8
9'/4
*83/4
8%
*19%
12%
91/4"
3/4
♦19
20
83/4
8%
8
8%
*19'/4
8%
73/4
83/4
7%
19
20
8%
7%
19
7%
141/4
*13%
14%
14
14
14
*133/4
14
14
14
22
•20%
213/4
*20%
213/4
21
21
*20
21
21
21
6%
6%
63%
6%
*61/2
6 3/4
*32
14
6%
63/a
33
31
32%
223/4
223/4
22%
22%
213/8
22%
21%
21%
133/4
1334
13%
13%
13 5%
13%
13%
133/4
*1001/2
101%
*100%
101%
100'/a
IOO1/2
♦lOO'A
6%
101%
♦31
*31%
32
32
63/a
6%
*561/2
57
103
10%
*153
56%
*102
10%
10%
157
11 »/8
*153
11%
103/s
10%
*11%
11%
771/4
77
11%
11%
11%
11
77%
78
78
38%
*37%
38
233/4
24
23%
24
23%
♦139%
141
139'%
140
*139%
35%
35%
39%
3534
38%
39%
*90%
12
35%
39%
95
*463/4
*91
12
>
12
47%
*121%
571/4
46 3/i
1211%
♦100
57'/2
56%
121 1/4
121%
121
98V2
98'/2
98
14%
201/2
*14%
20%
20%
♦16
16%
121 %
15'/2
10%
10%
10%
*153
12
Gar
37%
35%
37%
11%-
....
*91
700
General
3,800
78
78%
480
*37
General
4%
353/8
353/4
1st
25,700
General
Electric
37'/2
37
37%
3,900
General
93%
11%
43
*47
48
123
123
*98
11%
101
56%
47
14%
14%
♦14%
20
20%
19%
19%
19%
15%
15%
15%
15i/4
15
General
19,000
Gen
Precision
600
Gen
Public
Gen
Public
26%
26
26'/2
25%
26%
24%
25
24%
24%
24%
25%
5,900
1281/2
*125%
128'/2
♦125%
*125%
128%
:.
31%
•
to 0
31%
/
122
27 %
31%
-
31%
118
27%
27%
24
23%
99
*95
29%
301/4
117%
118
4%
117%
4%
2,200
26 %
26%
900
,29%
1,900
29 %
/; 117
118
160
27%
*27%
28
24
24
*23%
24
*95
99
*95
26
*24
.25%
2,300
30
*95
99
-
/
99
26%
26%
26%
24%
25%
88
86
86
♦86
87
86
86
*86
88%
*86
88%
*70%
74'/2
74'/2
*70 V*
74%
74%
*70%
74%
*70%
74%
25Va
25%
*70%
LOW
Saturday
Monday
Jan. 1«
32%
*93'%
# per
32%
*115
31%
97
*93%
20%
20%
■: *84%
87%
;• 26% .26%
"*51%
52%
-5%
33
20%
84%
6
84%
25%
26%
*51%
52%
5%
*115
87%
25
25%
•; '24%
251/4
52%
52%
5%
5%
20
52%
5%
*115
*83
120
"87%
♦115
24
23%
23%
23%
23%
56
55%
'56%
55%
55%
*83
*50
*53/8
"•*115
55%
55%
*99%
100%
99%
99%
99%
99%
43%
433/4
42%
43%
42 5/8
433/8
"
100%
44
44
101
101
*18%
*100
19
101
18%
*100
5%
5%
5%
6%
5%
183/a
5%
*5%
100%
xl8
18%
5%
34
*32%
*32
5%
5%
33%
193/4
19%
20
26
25%
2C
*95
97%
*95%
*10%
10%
10'A
1
*29 3/4
31%
*293/4
25'/a
fu. «f9<4
133/8
22
*95%
*
4
22%
2
*140
142
*140
*66
73
*66
15%
*153/4
33
12%
"
da1?
ds"?
«W<5
7:
33%
15%
v
\
f, dsT *'40
14
33%
10
*293/4
r
1
40%
22
;
13
41
41
a nu'
253/a
*22%
*J40
*66 /
97%
'
10
*7
6
*116
53/8
99Va
423/4
43
7,700
99
99
500
183/4
700
53/8
13,400
5%
5%
53/4
500
■
Jan
7%
Jan
Noir
2%
Oct
6
14%
Oct
31% Feb
8
24%
Not
Feb
26
May 19
Oct
140
3
53/4
Co
$5
4%
Oct
20%
Oct
11%
26%
36% Jan
23
29
Jan
47
Jun
124% Jan
101
Oct
132
July
35% Jan
32
31
14
30
Feb
Dec
29
106
Apr
Dec
Nov
25
24%
108
V
.
No par
1
Jan
100
Feb
5
Granite
253/a
26
255/e
26
2,900
93/4
97
96
95%
600
300
90
Dec
36% Dec
5
46%
Jun
118
Jan
104%
Sep
Dec
30
85.
8
Jun
13
41% Dec
Jan
100
6
Oct
106
Apr
Deo
58
May
19
17
Sep
7
6
99% Dec
par
42% Apr
108
May
Jan
63'
9
FeD
b
124
Oct
29
116
Nov
33
*
5
par
Dee
22%
7/
58
13
Highest
9 per share
102%
31
26 % Nov
51% May
6
5% May 21
104 Va Jun
Feb
103
26
221/2 Dec
Lowest
t per share
105% Jan
17% May 19
49
Feb
15
27
NOV
71% Feb
106
5% NOV
11
59% Not
.July 23
61% Feb
8%
100%
68% Apr
107
Mar
Sep
50%
21'
Jan
161% Jan
47% May
Not
77
Apr
95
19
109
Aug
4
106%
Sep
13% May 13
24
Jan
10
19%
Not
43
Feb
8% Oct
24
5%
Oot
16
Jan
Motors
1
5
3
Dec
May 19
5% Dec
8% Mar 27
5
5%
113%
Oct
12% ?an
64% May
12%
27% Feb
No par
31
Jan
2
No par
12% May 19
21% Oct
23
5
23% Dec 30
33
Jan
10
28
Not
5
101
Not
41
2
100
com.
pfd
conv
Jun
90
Dec
24
1
9
May
2
14% Feb
10
12%
107
Mar
Jan
30% Mar
Co
Grayson-Robinson Stores
cum
Apr
Feb
60
Steel
City
$2.25
23% May 19
;
Dec
(WT) Co common
3%%
preferred
:
100
10%
32
9%
t per share
21
Grant
.
Union
111
Year 1946
Highest
10
Granby Consol M S 8c P
4,100
Oct
Oct
No par
Grand
213/a
49% May
Not
No par
400
32
20%
Jun
102% Sep
96
Oct
22
98
$ per share
No par
com
900
30%
5
No par
—
Hosiery
Graham-Paige
Feb
32% not
105
40% Feb
22
81
*
Range for Year 1947
50
preferred
conv
Apr
n
20
Lowest
com—
F)
150
6% Feb
29% Oct
85
•
No par
Inc
(B
23% May
48
May
Oct
137
Feb
Oct
40%
112
Jun
Feb
Deo
13%
Dec
Dec
No par
28
Dec
29
37% Feb
18
33%
Dec
35
2,900
5,900
Gt Nothern Iron Ore Prop
Gt Northern Ry 6%
pfd
No par
12
Dec
12
17
Sep
30
13%
Deo
21
Feb
No par
49% Feb
3
22
'22%
34% May 21
40%
Oct
22%
213/4
64
Jun
22
21%
21%
1,900
Great Western Sugar com
Preferred
No par
20
27% Mar
5
22%
NOT
34%
Jan
100
133
100
59
Apr
Feb
140
73
♦140
\
933/4
33'A
34%
15
40%
21%
8
.
40
93%
14%
Apr
Not
12%
35 3/4
15
Dec
29
16
Feb
39%
933/4
142
*140
141
*140
*66
73
*66
73
*66
33
x31 %
313/4
32
15
15%
15%
15%
11%
103/4
11
103/4
11
94%
*93 %
95
95
95
34%
343/4
35%
35
36%
6%
6%
141
30
73
Green
323/a
2,600
Bay <fe Western RR
Green (H L) Co Inc
Greenfield Tap 8c Die
1,100
7%
*93%
33%
,
/- 7
'7
91%
14%
'♦89%
13 S/8
141/4
133/4
14%
47%
*46%
91
*88
91
110
4(4%
91
*88
1
-/
500
10
14%
47%
*46%
47%
64%
66%
65
653/4
64%
65%
64%
18,200
46%
643/4
14%
15
14%
15
143/4
14%
14%
15
34%,
$5
400
conv
14% Dec
$5
37,800
Sugar
9
100
92
1
Aircraft Corp
common
Dec
79
20%
Deo
20% Dec
5
27
102%
Oct
Dec
24
23%
Deo
10
8 %
Oct
111
Apr
62%
Apr
13%
Jan
'
6% May 19
31% May 21
51
57% Apr
No par
Co
188%
Oct
8% Jan
33
25
Corp
Oct
55
31
78
13 Vi Dec
No par
158
5
Dec
No par
preferred
27
105% Feb
31
May 27
4% May 14
May 17
Feb
21% Mar
12
July 29
.17
1
70
35% Aug 22
No par
preferred
Gulf States Utilities
9,200
163% Jan
?-
10
Gulf Mobile & Ohio RR.
Gulf Oil
26
Corp__No par
(.The)—
No par
Guantanamo
Dec
May 12
7
preferred..
Grumman
7,200
6%
26
29% Oct
"
6%
Dec
1
Common
28,200
133/4
46%
*47
103
12%
7
71%
132
Deo
Jan
40
34
47%
Not
101%
80%
13
933/4
65
124%
8
6
21% May 27
PaT
Telegraph Co
Greyhound Corp
47%
Mar 25
Feb
95
5
preferred
Stock
Gotham
20%
*93/4
103/4
72'%
Oct
39%
11%
" 72
47%
12%
11
14
11
13%
11%
*89%
123
19% Apr
100
$5 preferred.
No
Goodyear Tire 8c Rub com—No
33
*96
153/4
15
64% Aug
135% Jan
Sep
4% Feb
26% Dec
No par
Brewing Co
8c
20
•
(The)
conv
Goodrich
54%
99%
5%
Co
4%>
3,400
54%
43%
32
*15%
89%
Dec
114
16% Jan
STOCK
$4.50 preferred—i—:
Gold
32
153/4
141/4
20
common..'
Goodall-Sanford
31%
153/4
89%
Jun
126
6
Range for Previous
preferred
Brothers
1,400
99 %
*18
YORK
1,200
23%
32%
16
♦7
No par
com..
42
25
Feb
65% Feb
May 27
101% Apr 19
Safety Razor com__L.No par
conv
Glidden
120
55%
100
NEW
Goebel
23
*32
20
32%
• 91
14%
14%
*47%r 47%
14%
120
5%
33%
7
Co
Dec
54% July 11
131 % Feb
X122
40%
11%
,;*88
53/8
Feb
3
12%
7%
333/4
5%
V,
Feb
66%
40
33%
*93
pfd__
8c Rubber
'
233/4
99%
10
$6
■
300
52
Oct
26
r
EXCHANGE
10,800
52
43
33%
^
100
253/8
Deo
39%
13%
113/4
1
87%
' -
99 %
98%
33%
-
403/4
94
;
"'^
Aug
Apr
Apr
40%
3% May 17
18% May 19
100
$5
25
5%
*96
1
.100
Gimbel
*51
5%
♦30
16% Mar
May 19
125
10c
preferred
Gillette
55
25%
100
No par:
preferred
7,700
*83
5%
32%
3
Tire
5,100
52%
18%
*93/4
31%
31%
253/4
*17%
25%
9
Apr
Aug
Aug 21
19
5
No par
Shares
;'"ML V?ok'.;S
,'0u
87%
18%
*5%
3
45% Jan
103
Apr
Apr
182
Oct
Oct
2% May 16
11% Dec
5
10c
4%%
*93 %/ 951/a ./,
,
20%
18%
193/4
20
*231/4
100% lOO'/a
*32
32%
19%
3
*13
5%
♦32
20
25%
5%
233/4
23%
31
95
!
"25%
120
23%
*99%
Gen
'
No par
Corp
Corp..
Cast
the Week
I per share
31%
*92%
20%:
56
4'
31
95'/a
*83
120
Shoe
Steel
■ales far
Jan. 16
t per share
31%
♦92%
•.20%
20%
53/4
53/4
120
32%
Corp
Utilities
3%%
Friday
Jan.15
share
31
97
♦513/4
per
39% Feb
29
Sep
27%
156
STOCKS
Thursday
Jan. 14
I
Equip
Service
PRICES
Wednesday
share
f per
*92%
20%
SALE
Jan. 13
share
32'/a
97
20 Va
HIGH
Tuesday
Jan.12
I per share
AND
♦70%
;
43
94
1
Co
Telephone Corp
Gen Time Instr Corp com
4%% preferred
500
26%
-
Cement
General
27%
23%
"
,
800
27%
*86
.
Gen
23%
99
General
t
No par
Railway Signal com
6% preferred
Gen Realty 8c Utilities
General Refractories...
*125%. 128%
/
27%
-27%
23%
„
301/4
x30%
*116
120%
♦95
99
26%.
311/2 '
121
*23%
27i/2
24
*95
31%
I2OV2
27%
♦23'/2
,
com
Gen
5
7
26
2,500
29,200
26%
8
Jan
10% Dec 31
1
common—No par
Portland
2%
5
Feb
13% Dec
General
12'%
26%
Dec
28%
18%
90%
47%
Dee
33
May 19
v
74%
x35%
160
34% Dec 30
200
.
Sep
12
87
Dee
31
1,800
2%
5
32
8%
29
No par
series
Adv
11%
26%
Dec
11
20% Dec
Outdoor
2%
128%
23% Dec
137
21% July
106
Not
83% July 16
47% Feb 13
»
87% May
May
24
Deo
13
18'/4 Oct 20
Gen
12'A
4%
37
50
xl76
9
6
1,300
27/a
26%
Apr 28
Sep
8
14% Feb
1
19% Jan
15
12%
5
May 19
71
July
18% Jan
135/a May 20
14%
2%
27%
8
185
8
16
12%
4%
Dec
107% Sep
2%
*261/2
31
11
129
12%
5
Apr
149% Dec
29
2%
27
14%
17
Jan
Jan
May
26
13 % Feb
-
Dec
30
12%
5
Sep
16
102
120% Dec
Corp
$3.75
2%
27
Apr
10%
9% Oct
preferred—
xl2%
*125%
71%
No par
Preferred
2Ya
51/8
Sep
3
'12%
27%
Dec
48
51% Jan
Motors
2%
5
104
10
General
12%
*27'/4
9
17
26
3%
1281/2
Jan
58% Oct
29
12%
♦125%
109
Dec
12%
25
Dee
Dec
$5
15%
Not
13%
100
1,200
15%
Dee
15
123
1,200
151/4
38
100
*2 1/8
•'
4
100
97 %
19%:
17
No par
120%
19%
29%
Dee
common
97
,15
Sep
7%
preferred
3%% conv preferred
200
56%
Mills
26
17
20
31
Corp
14% Not
31
No par
Instrument
21
Oct
Dec
5%
993/4
120%
19%
*14%
15
700
210
123
56
97%
15
General
993/4
121
97%
1,200
47'A
123
,
56%
121
11%
Sep
10
xlOl
No par
com
Oet
18%
23% Dec
100
Co
Corp
preferred-
$3.50
15% May
11% Jan
Apr
Sep
7
2
43 % Feb
10% May 19
100
Nov 25
No par
Foods
*91
10%
July
8
100
35%
23
Jan
119
Sep
Jun
3
No par
2nd preferred
Cigar Co Inc com
96
Jun
48
24
17
preferred
35%
100
97%
7%
27% May
9% Feb
Apr
conv
General
Not
28% Not
17% Feb
48
..
16
Feb
22'/4 Dec
5
preferred
61
28
17
No par
Corp com—
Sep
141/4 May 21
No par
A_
35% Jan
45%
18
49% Jan
Sep
Sep
4% July 22
26% Aug
4
com__l
Investors
Corp
93%
11%
121
Cable
100
25%
20%
17
21
5
Bronze
21% Feb
23% May
Apr
Oct
Sep
19% Not
17% Feb
.
Jan
July 24
10% Oct
6
12
14% May
preferred
50
common__1.66%
series
Jan
12%
102% Mar 10
12% May 24
1
com
Baking
preferred
$8
11%
11'/a
123
97'A
Inc
——
pfd
30
No par
:
Co
110
4
No par
(The)
General
11
37%
37
93%
121
18% Jun
$4.50 preferred
100
Amer Transportation——5
20
98
8% Dec
20
General
$4.25
Dec
12
5% May 17
1
com
Industries
conv
1,200
79
*78%
57
1
common
(Robert)
Co
Wood
200
56%
(The)
77
100
preferred
4%%
157
11
20%
15%
Inc
900
121%
98
Co
500
38%
51 Va
98%
Gabriel
Gair Co
6%
1
common
preferred
cum
100
37%
56%
57%
A%
1,200
157
11%
71
Jan
56i/4
102
7
Jan
1011%
56
102
13
94% Jan
39
*100%
56
17
15% Feb
22
101%
102
40% Dec
10
100
common
Container
24
48
10
13
9
May 17
89% May 17
1
Co
American
143
100
14% Jan
10
18% Dec
Trailer
General
*23%
*121%
Jim
Fruehauf
Gaylord
*139%
102
29
it>
3,000
351/8
122%
Oct
Aug 28
36% May 19
11% Nov 21
1,100
24
47
-
*100
121
14%
■
47
121%
102
20%
24
22
3,600
11
11%
May 29
26% Jan
8
50% Feb 10
13%
143
11%
18
12 y* May 20
22
*23%
11%
No par
No par
31
*139%
*91
Jun
Sugar Co
Sulphur Co—
Gamewell
21
93%
Apr
20%
26% Jan
Gardner-Denver
142
39
,11%
12
463/4
102
38
57
Sep
32% Dec
13%
*11%
38%
Oct
16%
105
Dec
400
*23%
35%
*91
121'%
123
*100
35%
94
*37%
33%
6
10
Froedtert Grain & Malting Co Inc_l
3,600
*139%
23%
142
6
17% Jan
18
% May 17
21%
10%
73
2b
41% Jan
pxd
31
*153
11'/a
78
110% Feb
Dec
A
Corp
133/4
56
11%
10
May 19
13
Inc
conv
300
6%
Dec
30
Corp
31%
102
10%
11%
11%
Steel
223/e
*100%
157
113/4
>
38
xl0%
115
99
7%
class
13%
103''2
♦153
157
Sep
No par
No par
Corp
21%
.
56
56
♦101%
10%
♦153
11%
11%
77%
383/4
56%
103%
157
11%
♦373/4
56%
*101'%
56 3/4
103
Oct
31%
'
*101'/a
Nov
Not
91
400
*21
52
16
25%
prior preferred
Freeport
10,100
193/4
*133/4
3
cum
Francisco
Feb
15
May 19
19
500
73/4
19%
20
105%
23% May 23
530
83/4 '
: 8 3/4
7 7/8
*19
7
10
4,000
81
*12
Dee
107% Aug
25
6%
400
22 7/8
70
83% Apr
2o
Foster-Wheeler
1,700
81
22%
*80
16
Oct
Not
39% Oct
:
3%%
34% Mar
49
51
62% Dec
New
3,300
19% Sep
2t>
21
Feb
21 % Jan
Food Machinery Corp—
3,900
28
Sep
4
69% Feb
61
51% May 20
Food Fair Stores
180
293/s
293/4
104
Highest
t per share
10
24
Power
Follansbee
200
*39%
•91
100
Stores
Florsheim Shoe
62,400
10%
81
26% Jan
25
4
preferred
Florida
20% May 20
463A May 27
42 % Jun
5
__10
com
Florence Stove Co
400
1
39
10 Ma
81
$4
150
400
26% Feb
14% May 27
(The)
3,200
29
Dec
No par
National
Flintkote Co
;
20
$ per share
Carpet Co
No par
(The) common_.No par
First
Firth
101%
32%
13%
13%
*100%
34
*32%
133/4
J
t per share
Lowest
109% Jan
70% May
28% Juiy
46% Jun
800
34
Rubber
preferred
1,700
16 '/a
34%
4%%
5,500
57%
163/s
35
I per share
1
Corp.—
56%
57%
8c
Year 1946
Highest
5
57
16 %
...
Mfg Co
49%
35
•'
Perro
Tarrant
57
•
8
8c
48 3%
58
•1
Pelt
49
••
Range for Year 1947
Lowest
57
49
Range for Previous
STOCK
Par
500
20%
*21
21%
YORK
EXCHANGE
Shares
I per share
201/4
NEW
the Week
Jan. 16
20%
*21
1
Friday
tper share
21%
21%
21%
CHRONICLE
STOCKS"
Thursday
Jan.14
I
FINANCIAL
PRICES
Wednesday
.Jan. 13
„
21
21
AND
Tuesday
Jan. 12...
&
COMMERCIAL
Dec
9
147/s Feb
3
9%
Sep
30%
Dec
20
31%
Oct
78%
14
76% Dec
24
56%
Sep
78
17
16% Sep
12
SB
40% M»y
•
95
80
Not
108
Jan
Jan
Jan
May
H
*33%,
34%
*14%.
15
.-..*13%
*87%
.".*102%
v
*33%
34%
33%
331/4
*32%
34%
*32%
:
14%
14%
♦14%
14%
*14%
15
13%
•
13%
133/4
133/4
14
143/4 ,14%
*
14 %
14%
89
♦88
'
14
"
89
.
*30
8
,
103
25
150
*30 "
31%
25
a 48%
♦30
,7%
*7%
7%
*7%
78%
76%
76%
74%
8
7%
8
8
.
'
89
*1021/2
241/2
31%
*7%
*75%
*87%
103
*148%
• 25%,
25%
*148%" 150
X
4
89
89
*102%
103
*263a'", 26%
25%r 25%
^
73/4
J7a
v.v>6
8%
26%
7%
x7%
14
*87%
>
103
.
103
25
243/4
25
153
►148%
153
32
*30
7%
78
-
7%
7%
*7%
*74i/8
7%
75/8
31%
7%
78
73/8
7%
102%
-
24%
*148%
*30
*7%
*74%
7%
73/4
89
*32%
,
...
24%
100
Hackensack
Water
14%
143/4
400
hau
Printing Co
,14%
500
Hamilton
*14
*88
89
-
102%
*102%
103%
24%
24%
24'%
153
31%
73/8
77
73/a
7%
*148'/2
153
*30
7%
7%
4%
140,
1,800
6%
7'%
.78
i.
'
8
Hart,
100
10
V
7%
26
26
25
25
25
25
26%
25
*24%
25
25
25
90
87
87
*86
87
*86
87
*86
87
*39%'
41
*39
41
*38%
41
*38%
40%
♦38%
40%
40%
40 3/4
400
*96%
97%
*96%
97
*96%
96%
96%
96 y,
96i/4
96%
961/4
190
»
Fot footnotes
seepage
24.
8£
*25%
96
26%
1}
26%
26%
26'%
Not
19% Feb
4
15
Oct
2
19
Jan
22
17%
Oct
100
87% Dec
3L
112
Feb
4
pfd__No par
102% Dec
29
108 %
Sep
Refrac
com—No par
19% Apr
17
27% Dec
100
148% Oct
30
preferred
Schaffner
8c
preferred
Hayes Industries
10
■
35
30
Dec
Co $4.25
(M A)
4%%
600
*84
"
11
Jun
13
Marx
Hecht
Co
3%%
Heinz
*
Inc
—
preferred
cum
Co
1
1
common
(H J)
3 6541
—10
100
_i
3,400 1 > Hayes Mfg Corp/
1,200
Hazel-Atlas Glass Co
"25
<
23
14
com
Hat Corp of Amer class A
"
900
90
*84
32% Dec
.5
Co
preferred
Harbison-Walk
...
25
.No par
Watch
conv
Hanna
315/B
7%
*741%
20
F)
(W
common
preferred
—2
28% May 19
6% May 19
75% Dec 26
6
May 19
4% May 19
Jan
Oct
119
12
105%
Jan
109%
2
20%
Sep
Jan
21
151%
Not
39% Jan
6
160
10 % Feb
7
Feb
8
9% Oct
24
12
5
25
Dec
35% Jan
8
22
May 21
30% Jan
2
100
90
Dec
5
25
35
May 16
103% Apr
42% Feb
r__10O
Dec
11
33
3
100% Apr
15
27
24
26%
103
108
14
13
July 14
Not
,
Aug
Jan
Apr
Apr
34% May
170
Aug
60% May
Jan
8
■
Oot
16%
99
Sep
106%
Jan
Not
20%
Apr
5% Not
29 % Oct
15%
Jan
36
Dec
8
28%
101
Not
Not
41% Deo
103
Deo
51
May
109% Mar
44
Dec
105% Deo
the
(262)
AND
LOW
Sale
HIGH
Wednesday
Thursday
Jan. 13
Jan. 14
Jan. 55
t per
share
*52
54
U41
142
*16%
52 %
H25
"122
51%
•
261/4
261/4
*26
13%
*29%
25%
25%
25%
<■14
*24
*18'
*141
142
*141
122
26%
119
120
25%
Hercules
3,400
Hercules
25%
25%
13%
13%
30
30
440
13%
13%
%
,
29%
♦291/4
*13%
24%
24%
24%
241%
18%
xl8%
3£'%
39%
33%
33%
16'/a
16 %
18%
18%
40%
34
$4
,
conv
Ob
18
165
50% Sep
Hilton
No par
Inc
Hotels Corp..
63
134
38
23
134
20
Sep
5
18%
*18%
800
Holland
15
200
Hollander
:<h-h
33%
16%
161/4
16%
16%
45%
46%
46
33'A
33%
161%
33%
*89
800
5,000
33%
*33
-
46
33%
18%
39%
V*Ul/4
33%
900
161/2
2,000
18%
18%
39
33%
38%
*33
500
24
*14
15
33%
33%
33%
15
.
25
23 7/8
451/3
45%
33'/4
3%%
91
91
91
89 %
41
41
40%
41
40
40Va
40'/a
40 ye
40'/a
40%
27%
28%
26 y4
27%
26'%
26%
26
26%
25%
261/4
22
22
21%
21%
*21V2
22%
21 %
21 %
22
21%
22
1,200
Howard
35
35
35
35
34%
34 Via
•34%
34%
34%
1,100
Howe
4%
4%
4%
5%
10,700
*10%
11%
11%
12
•21%
34i%
34%
34%
*4%
41/2
4%
4%
4%
5%
10%
10%
*10'/4
11%
10%
11%
*11
11%
*35%
•
.
5
■
-
'5
'
5%
1,700
37
36
36
*35%
36%
36
35'/4
35%
35
35%
700
19 Va
19%
19 Va
20
19%
20%
20
21
20%
211/8
20%
211/a
38,600
17%
17%
17%
17%
17%
17%
17
17
17%
17%
17%
17%
1,200
4'/4
4%
4%
4%
4%
4%
4%
4%
4%
5,600
Hupp
4
4%
&
Corp
X29 % Nov
12
21%
Sep
41%
31% Jan
2
22%
Oct
3n%
20% Oct
20
18
Dec
4'
Hudson Bay Min &
Hudson
Motor
Foods
25
22
Sep
3*. V4 May
13
34%
Sep
fit
Dec
31
19% Feb
1
12%
Oct
28
oe
Feb
21
46
Nov
52>,
36
Oct1
6
27
Sep
3
99%
Dec
111%
14 Vs
Oct
30
5
24%
Oct
47
38% Mar 28
'30%
Oct
60%
Feb
5
Oct
12%
Jan
Dec
25
Jan
45% May
19
22
II
19
Dec
)
105% Sep
45% Jun
22
29
29
May 19
33
May 14
l
28
13% Mar
Feb
j
Apr
35 Vi
Jun
3
11%
Jun
Apr
July
.43% Feb
3
33
Sep
21% Oct
15
14%
Oct
34% Mar
2
25%
Oct
49%
Jun
B
6V4
Sep
10%
Jun
1
31%
12% May 19
151/4 May 23
3% May 20
Corp...
Feb
7% Feb
7% May 16
No par
Jan
fa
30
28% Dec
16.66%
•
Apr
Jun
May
Jan
Dec
3
Sm Ltd__No par
Car
Inc
May
Jun
31i/2 May 19
—100
*43
20
20 % Dec
5
Nov
36
16% Jan 16
common__100
preferred
:
37% May 21
1
Manhattan
non-cum
Hunt
4%
Stores
Sound Co
Hudson
39 % May
Oct
26
48
85
_100
,
Jan
23
2b% Jan
Houston
22
2
May 19.
44
Houston Light & Power_.,_—No
par
Oil of Texas v t c
25
2,100
15,300
Apr
r!46%
Dec
May 28
13 % May
No par
^
Apr
Nov.28
30
_50
com
139
31
35 y4 Jan
No par
preferred
91
421/2
28%
I
com—
72 %
Sep
Nov
4
14% Dec
33
17
5
Aug
38% (Jan
Jan
123
5
29% Jan
14 %
___.12.50
Co
Sep
23
17
21% May 20
—.10
!
$2.25
preferred
Household Finance
70
91
Corp
192
:
Sep 25
-11
Jun
22% Apr
.5
(A)———„1_5
Houdaille-Hershey
500
*891,4
l
(Del
Sons
Holly Sugar
92
91
The
E)
&
Homestake. Mining.
27
891/4
(C
Furnace
•46%
130
Jan
90
Dec
17% Nov
Mar 21
26
Co____—10
Hooker Electrochemical
500
*327/a
Co
Feb
.
$ per share
Oct
169%
5
9
10
10% Jun
—.5'
Hinde & Dauch Paper
Hires
<61
Jan 22
8
30
Oct
29
Jan
Highest
$ per share
22 % Feb
Dec
118
_5
200
,*41
*36%
26
126
Lowest
f per share
29% Dec
100
Year 1946
/*.'• Highest
14% May 17
No par
prexerred——_
**
140% Dec
—100
Powder common
■
49 % Nov
,__No par
preferred—.—
*241%
25
24%
48
*46
48
24%
*24
16%
16%
16%
15 :*
*13%
15%
39
*89 %
preferred—.
Motors—
Hewitt-Robins
6,600
/
.
—25
Hershey Chocolate com/—.No par
600
25%:
*25%
5%
40
900
120
*119
13%
,
31
*291%
non-cum
:
( per share
Par
(G W)'common__
7%
127 Va
*126
127%
30%
13%
25
24%
33%
33%
29
25
*24
181/2
*46
900
r-
Lowest
.
'
^
Helme
Range for Year 1947
■/'/
.
i
52
51%
52
29
Range for Previous
STOCK
'
33%
48
52
*126
23
<*30
41%
33 %
'51%
25%
13%
18 %
*33
I
300
17%
*16%
17%
119
119
30
*16%
126
126
.'*28%
41%
*45%
16%
51%
51%
*33»/4
16%
-r
YORK
EXCHANGE
142
13 %
25%
*14
142
16%
16%
*•
16
16
*141
NEW
Shares
56
26
25
25%
*55
SO
*
30%
*24%
55
29
119
14%
301%
*54
28%
27
141/4
"2d '/a
share
54
126
126
1221/4
f per
54
*51 %
29%
122%
•
•/.
126
29
$ per share
54
16%
52%
*125
30
122 Va
vl4
17
521/2
share
per share
Sales for
the Week
142
*141
142
17
per
*53%
54
*53%
*141
.171/4
126
"29%
,.
'*
share
I per
Monday, January 19, 1948
STOCKS
Tuesday
Jan. 12
Friday
Jan. 10
Monday
Jan. 10
$
chronicle
prices
Saturday
,
& k financial
commercial
30
Jan
7% Feb
1
*34
34%
34
34
33%
33%
34
31%
30%
31%
29%
30%
29%
30 »/2
71
71%
70
71
*95 %
98
*95%
98
*25%
26%
*25%
26%
10%
*68
10%
*95%
98
*25%
26%
*10%
10%
22%
22%
22%
22%
22%
22%
*14%
14%
14%
14%
14%
'.
71
*95%
70'
70%
47%
129%
*155
47%
47
•
129%
*16%
*155
165
39%
40
16%
16%
16%.'
*7
7%
45-%
*7
45%
103
102
3%
3%
13 1/2
13%
10%
22 %
21%
22
14%
14%
14%
22
14%
:
•22%
14 %
*14%
44
44
*127
130-
*128%
158
*153
39%
16%
44%
7
*101%
103
3%
13%
,12%
39
239
239%
5,000
2,800
16%
Inland Steel
1,200
103
70
3%
4%%
Mex,
Intercontinental
6,200
Interlake
*2371/4
238
800
Int'l
Business
/ 88
-89
8,300
Int'l
92%
92%
91%
*163%
164%
164%
*6%
6%
6%
32%
32%
*75
Harvester
*31/2
28
30%
*135
137
51%
3 %'
*95
*95
13 1/8
*53%
56
*44%
45
*55
55%
*32%
34
13%
*135%
52%/:'
'
56
45
55
*32%
14
13%
13%
20 '/2
20%
*25
*63
25
25%
•
%
64
63%
140
*137'%
Saturday
12%
25
24
•
9%
%
per
44%
53%
54
34
13 %
24
13
v
'
Iron
SALE
S
62%
I per
9%
9%
20%
20'A
2OV4
20%
20%
*86%
87%
*86%
87
88
88
*43%
44
42 %
43
790%
93
*90%
93
*40 '/a
40%
43%
*107
40
112
25%
*143
155
! 33%
*88%
38 %
110
25%
102
*107%
25%
102
'
40*
40%
*108
25%
*100
43%
*90
102
*143
25%
155
33%
32%
43%
*91
92%
39%
40%
*107
110
*25%
25%
*100
32%
32 %
International
13%
35,200
13%
3,000
Foreign
500
Interstate
./
25%
Island
900
10
9
*20%
89
42%
Friday
•
$6
8%
8%
Shares
■1,900
21
*201%
21
200
89
*881/4
50
50
43
*421%
44
1,200
92%
*90%
92%
921/4
92%
39 7/8
39%
40%
39%
39%
110
*107
25
261%
110
*107
25
4,900
110
*25
—
25%
*100%
102
*100%
155
*143
155
*146
—
155
31%
32%
31%
32%
89
*88%
89%
89
89
88%
88%
87
87%
38%
*381%
38%
37%
38%
36%
37
36%
37%
*86
36%
9,400
Jacobs
26
13%
8
IVa
9
35 %
(F I)
8,800
17% Nov
6 %
Sep 30
35% May 17
100% Dec 29
BVa Feb
70
26
186% Jun
12
10% Feb
11
34% Oct
76
96
29
24
3%%
4%
Jun
66%
Nov
102
Dec
202
6%
Oct
15%
Apr
27
Sep
45
Jun
90 V*
•
•
Dec
101
Apr
Aug1
8
4»%
Oct
ll3/4
Oct
42%
.
Feb
28'/a
Feb
130'% July
15
com
9
Dec
46% Apr
95%
18
11%
20
101%
Sep
2
No par
No par
No par
;
common.
1
12
58% Feb
45
,
40
Jun
26
9% May 17
Apr
20
Aug
42%
Aug
May 17
11
14%
Nov
31%
Feb
17% Feb
11
14%
Nov
31%
Feb
11
23%
Dec
50
Apr
27% Oct
3
69% Nov
25
158
Aug
-
.
20 %
Dec
39%
Dec
50
Aug
Deo
163
Jun
141
1
34 '/a July
Range for Previous
Range for Year 1917
Year 1916
Lowest
rV/;,: '/■
Par
-1
pfd__100
Highest
$ per share
$ per share
6% Jun
lo
:—No par
13 V4 Feb
89
Dec
Jun
2
preferred
-.100
Jan
53
31
37
Highest
$ per share
>
24 Va
Deo
45%
2
108
Dec
Jan
Nov
July
59 % May
2
16
108% Dec
11
24% Sep
29
series A._—100
98
Dec
10
112
Chicago RR stamped—;_10O
145
Dec
8
151
27% May 17
39
Joy Manufacturing Co.:—— 1
100
4
46% Oct
common.—12%
—100
6%
14
104% Sep
& Johnson
No par
Lowest
f per share
24% July 28
104% Feb
39% May 20
preferred—100
Corp com—No par
preference'serles A
Jan
60 Va
Dec
26% Feb
14
38% May 20
143% Jan
2
STOCK
com
70% July
49%
37
7
■
*.■■
Sep
Oct
17% Feb
9% May 17
19
Feb
July
Nov
527/a
28
32
Aug
26% May
125
36
5
63% Oct
Dec
39%
5
Dec
40% May 19
55%
113
Nov
Feb
.
Oct
Feb
23
37% Jan
Sep
16
1071/8 Sep
Feb
148
Aug
38%
116
31
No par
133
19
22
137
May 19
104
Dec
59% Oct
9
38% May 19
94 % Dec 26
_No par
Jones & Laughlin Steel com
5%
Jun
8
2nd preferred
Johnson
Feb
Feb
250
'
175%
July 14
Jan
:• Jan
5% Feb
1
Inc
195
22
95
17
Co
/
20
22% May 19
.—.25
cumulative
May
13%
20%
36% Feb
Co
Manville
112
Aug ;./•■
May
Dec
Nov
Feb
ll3/* May
Oct
246
17
Tea
Jun
59
Nov
5%
13
19% Dec
3%%
22%
'
v
10%
Dec
Dec
,
-
11
Feb
7
Jan
6
80% Dec
Jewel
105
Sep
Sep'
15 Va July 24
May 19
163
;
Jaeger Machine Co common—No par
Johns
Mar 217
108
May 19
9% May 19
192% Apr 29
;
Jan'
50
3
common._<_—25
YORK
Jun
44%
Sep
~
12% May 19
Jersey Cent Pwr & Lt 4%
600
/.
331/2
Jun
Aug
5
Stores—
'
Joliet &
32
37
21
EXCHANGE
60
87
31%
NEW
J
1,500
102
Oct
42
v
190
4
..
Coal
..//•a
100
V/
19
54
151%
3 % Dec
Telep & Teleg
ctfs
1
Creek
the Week
8%
Apr
preferred—
Sales for
•
'
Jan. 16
t per share
33
Intertype Corp.———...No par
500
//■'.
62
137% %
-
168% Mar
;
Jan
Jan
25% Dec
share
Dept
-
Oct
18
100
preferred.—
20%
104
.
7%
Sep
22
21
180% Feb
v
May
.1
Shoe..—
Silver
-
36
116
Dec
136% Oct
18
loo
International
—
22%
Apr
com_.No-par
Co
International Salt
34
36
Sep 7
Dec
$4
No par
Int'l Rys of Cent Amer com__No
par
5%- preferred
—100
10
Sep
11%
May 27
—
Paper
preferred
1,400
53%
50
23
169
Mining Corp.
Nickel of Canada
Preferred
,
110
:
./
/
July 17
107
...
International
12,800
12%
*143
155
33%
Int'l
30
,
97
*100
104
*143
.
9
/%"'
Thursday
I per share
'8%
9%
*19%
-
'
>
International
23,400
50%
17
X35 % May 20
.—100
preferred—
International
61%
Jan. 15
9%
9%
137
4%
■■
900
>
30 yB Jan
14
:
par
100
STOCKS
share
861/2
43%
86 %
/
4
30
Jan
/.No par \
"
200
137%
25
Dec
'12%
par
No par
common
700
*24%
62%
Jan
161/8
Aug 22
x21-
Hydro-Electrrc Sys class A—25
Int'l Mining & Chem commont—5
PRICES
20%
*20
25%
140
373/4
Oct
Int'l
1,100
20%
Apr
Oct
6 3/4
Machine..—No par-
44%
*13
'
99%
141/4
31
A—
1
...
53%
12"%
*
13%
*137%
Jan. 14
«
13%
20%
*24%
621/4
140
Wednesday
'
share
,
13%
Sep /
31
11% Dec
Rubber.—No par
^
44%
*31"%
87
26% Dec
No par
53%
24
97
16
1
Preferred
,
6,400
.
21%
106
53%
.
1
20 %
24%
62%
*137%
HIGH
*32
131%
64%
Jan. 13
f
share
54%
44%
21%
24%
140
AND
*12%
*105
*53%
12%
Tuesday
v
13
106
54'%
*13%
.
*951%
96%
12%
*105
55
*20 %
13%
*137%
12%
44%
*32
-21
*621/8
63 %
140
951%
98
106
54%
13%
13
*20
,
44%
/.
34
Jan.12
I per
50%
*53%
55
'
Monday
Jan. 10
per share
*135%
51%
12%
54%
LOW
f
135%
50%
45
*32
20%
:137%
135%
51%
105
*44%
r
13%
13%
14
*3%
27%
*95
96
*53%
34
20%
3%
27%
136%
•
80
3%
*135%
:
30
27%
50%
*54%
45
54%
29%
4
52
106
4,900
*76%
81
28
12% ; ,12%
*105
*77
,
660
6%
6%
„.*3%
•
.
136V2
96
12%
F0
165%
165
<27%
3%
28
51%
97
*53%
13%
30%
*76%
80
3%
106
I
30%
30 Vo
30
30%
27%
*104%
•
6%
3%
12%
106
164%
6%
*76%
137
51%
98
13%
1041/2
164%
6%
27%
*135
....
165 'A
6%
30
82
27%
52
164%
61/2
6%
32
4
28%
91%
165%
6%
*76%
-
82
90%
89
90
165
92%
165
.
21
Jan
7% May 19
,__100
preferred.——/.
1,300
13
90
Jan
15
Consol Copper
20
Insuranshares Ctfs Inc..
i
1
Interchemical "Corp eom.—.No par
500
.
3%
238
93
Inspiration
7%
•;
De
Co_i—
12%
89
Jan
RayohaC
•3%
*234
238
238
243
238
240%
Jan
85
____5
'
239
45%
Oct
.1000
:
preferred—..
13%
•
Oct
41
Ingersoll-Rand.common—__No
6%
/,
,/
451/4
*1021/4
103
*3%
12%
Electrica
Industrial
700
*6%
,
44%
18 Va
31
Indianapolis Power & Light__No
2,500
45'%
7%
46
103
3%
13
16%
16%
*6%
45%
103
3%
3%
12%
38%
39%
16%
16%
44%
16%
45%
3%
38%
40
Sep
31
64% Dec
3,300
/'•■'■•■
39% Aug
32% Dec
lines-4%:
•
Industria
May 19
18 Va May 19
37% May 21
A—:
RR stock ctfs series
A—.,.
Illinois Terminal RR Co___
500
30
100
inn
preferred series
Leased
180
158
40
6%
2,000
:k
130
*150
71/2
103
:
44
44
44%
130
165
i
20
Illinois Central RR Co
common/-10o
10
26%
10%
,10%,
43%
13%
.
97%
*25%
10%
*150
*7
103
3%
13%
*95%
*25%
10%
*127
16%
45%
96
25%
-10%
221/s
\
Idaho Power Co
25,900
1,300
26%
96
25V4
<
46
-44%
.
70
130
39%
7%
,
31%
70
165
128%
1291/4
*155
39%
*45
*102
45%
471/2
128%
165
39%
11
30
70
*68
98
14%
10%
„
*34%
30%
30
>
700
35
34%
34%
34%
31
125% Oct
111
Sep
109
May
115%
140
16
Mar
150'
153
Apr
34% July 28
Jan
1.1
Dec
20
Feb
8
101% Feb
18
•
Feb
Feb
31%
Nov
99
Sep
108
May
40% Oct 20
18%
Oct
34
Apr
4
22% Feb
17%
Oct
36
May
26
108% Mar
8 61/2 Dec
27
25 Va Jan
3
,
53%
Feb
K
*17%
17%
17%
17%
*92 %
93
92%
92%
27
28
52
52
16%
93%
26%
27%
*511/8
*16%
17
*92
16%
93 %
93 %
513/4
*16%
17
Xl5%
16%
1,800
*92
93%
*92%
93%
60
27%
Kalamazoo Stove & Furniture.—10
Kansas
28%
*51
28%
53%
V
15%
16
*15%
16
24%
24%
*24%
24%
21
20%
20%
20
48%
48
48%
*20 %
48 »/8
*41%
243/8
*24
24%
500
20
20
20
20
19%
19%
47%
47
47%
20
47 3/8
•46%
42
*41%
21
21
20%
21%
97
99
99%
;oo%
97%
97%
97%
13%
13%
13%
71%
72%
5%
*13
...
72%
71
•
.
71
70%
31%
32%
94%
94%
94%
38
37%
37%
49%
.37%
37%
49%
45%
45 Va
37%
49%
49%
45%
.
V 31%
45%
5%
*49
45%
5
5%
31%
30%
94
:
31%
303/4
94
*94
42
*41i/a
98%
13%
71
21
99
31
...
94%
100
2,800
.;
480
"
13%
70%
70%
*13
■V
9,600
42
20 %
700
.
31.
311/8
.■;'*»-•
400
130
7
2,500
Kansas
13
Dec
20
116% Feb
13
-
4%
900
Kress
493/4
*49
49%
45»/8
45%
45%
45
45%
1,900
Kroger Co
5%
9,300
Laclede
(S S)
(S
5%
*9%
10%
9%
9%
100
21%
22
21%
21%
Lambert
11
1,700
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
1,400
Lane
50
*48%
50
45
*43%
45
25
95%
10%
10%
36%
36%
6
2%
*20
40
21
21
*95%
10
%
97
25
*94%
*48%
43%
50
*48%
*48%
43%
25%
24%
25
aoe;
26
97
*94%
97
*94%
97
*94%
97
44
Lee Rubber
Lees
10
3.85 %
45
Jun
3
40 V* Apr
29
.4
75 Pesos Mex
common
—No par
—...—.50
5
& Sons Co com—3
cumulative preferred—^100
10%
10%
10%
10%
10%
10%
10%
10 %
1,700
Lehigh Coal & Navigation Co.,—10
35%
36%
35
35
35
35
341/2
34%
1,500
Lehigh Portland Cement——25 '
5%
6
5%
5%
*5%
5%
2,800
2,300
Lehigh Valley RR
50
Lehigh Valley Coal com—— 1
Non-cumulative preferred//:
50
$3 non-cum 1st preferred—No par
50c non-cum 2hd pfd——No par
Lehman Corp (The)__i.xC-.—1
Lehn & Fink Prod Corp——/5 V
2
2%
*20
40
20%
20%
5
%
2
2
2
'2
2
2
2
2
40
*20
40
*20
40
*20
40
20
20
2U
id
20%
20%
6%
6%
6%
*6%
6%
*6%
48 %
11
48%
48%
48 %
48%
47%
48
10%
10%
10%
10%
11
11 Va
page
24.
5%
*20
6%
see
5%
6 %
*6%
47%
*10%
iv>%
6%:
10
% "
bod
6 1/4
61/4
300
%
471/4
47%
1,900
11%
107/B
11
1,000
47
38V8 Oct' 16
45 %
59
Feb
4
43
Sep
62 % May
52% Oct
21
43%
Oct
65% May
7
5%
Sep
Dec
14%
Sep.
68
8
13%
Nov
20%
Feb
8
52
Dec
102%
Feb
13
49
Sep
10%
14% Feb
19
56
56%
May 15
30% Feb
21% May 19
;
7% Feb
10% Dec
9
7
Oct
Sep
Apr
82
Apr
Jan
17 %
Sep
61/2
Sep
55% May
17i/4 Jan
Oct
Nov
Oct
64
Apr
38% May
151/4 Apr
10v
41%
Oct
65%
8
21%
Oct
33
9% Feb
11
24
Jan
Jan
Jan
1'8 V*
13
50% Feb
5%
49%
25% Feb
;
Nov
341/4
11
35% Mar 17
7
38 % May 19
Jan
May
4
Apr
2
12 '/a Feb 13
9
44% Jan:
8% Feb
1% May 19
14% May 19
5% Jun 17
9%
Sep
•
Jun
May
1
5
May
101
10
4% May 17
35% Mar
101
11%
3/
9
31
May 20
•
38
Feb
Jan
12
Jun
Dec
Nov
Jan
Dec
46
96
14
9 % May 2o
>
Aug
33
44
95
Oct
:
100
5
24
301/2 Jun
,
Jun
22
30
38
1'
Dec
29
Oct
Dec
491% Jun
108%
40
20% Dec
10
Apr
May
102% Aug
4% May 19
9
26%
1
Jan
Jan
303/4 Aug
Deo
No par
10%
5%
82
16
37
"
6
31
*36%
.
Jan
May 19
No par
& Tire—
(James)
85
17
No par
preferred
900
65% Jun
Jan
pfd
60 %
55
Feb
Dec
(The)—
Bryant
15%
34
Co
30
Dec
7
90
Light Co
Co
108%
Feb
25
4%
„34 %
32% Jan
21% Nov
20
—.—10
(The)
Gas
700
44,
&
Consolid 6%
4%%
50
43%
*25
48%
For footnotes
50
43%
25
La
H)
Co
•
11% May 20
ser—100
Cumulative preferred
Kresge
103
———10
Koppers Co Inc common
230
900
—Ll
No par
$5 prior preferred-—
22%
25
Corp
(G R) Co common..—
10 Va
*43
com—No par
2nd preferred
.—100
conv
Kinney
5%
*49
Sep
2
13
27% Feb
*9%
50
41
52% Jan
49% Feb
22%
25%
Nov
15
11
45
11%
31
94
5'%
15
Apr
49
5%
2
Dec
493/4
5%
Sep
21%
22%
5'/8
19%
39
22
*10
8
Nov-17'
Kimberly-Clark
22%
11
Jun
26 Va : Feb
41% May 17
No par
Copper..
13% Jan
18
Keystone Steel & Wire Co—No par
22%
*10
Jun
67
Kennecott
37%
V
40%
Sep
Dec
121% Oct
—
94
,/
Oct
15
26% Feb
.5
18%
45
23
20% May 17
37%
'
5
Kelsey Hayes Wheel conv class. A—1
Class B
.—*.
1
37%
•■-.
29% Dec
10
58% July 24
non-cum
37%
_
Dec
May 17
47% May 19
13% May 19
4%
22i/2
*25
*10%
*13
13"%
*93%
*43 %
*2%
24%
97%
11%
5%
24%
*13%
46%
95%
24%
25
13%
45%
/
Kayser (Julius) & Co.—1
98%
49%
*49
900
47V8
49%
*10%
400
16%
*41%
32%
94%
5
5,700
'■52%
2IV4
38
22%
27%
521%
41%
*93%
City Southern com—No pat
preferred./
—100
26%
*15%
53
Jun
16
,
48%
*71
94
16%
*51%
14
.100
16
21
74
263/4
City Power & Lt Co—
preferred——,
/,
3.8%
16
41%
*37%
f-10
52
47%
98%
...
26%
*15%
22%
*13%
.
*24%
:
42
*41%
22
32%
,
26%
52
:
16
21 %
42%
21%
*72%
is
;
.
}
•
;
•
Volume
THE
Number 4665
167
J
share
Der
19
$
19
54%
19
55%
9%
38%
*88%
90'A
10%
18%
54
54
54%
18%
53%
8%
9%
9%
8 %
37V2
37%
*36 'A
37%
37
90
89
83%
90
89%
38
39%
*37
171%
39
53
<■
.
>
10 Va
:
10 Va
10%
63
63 %
63%
66
63%
64%
621/4
63%
62
500
33%
32%
33%
32
32%
31%
32
31%
32%
23
23
23
23%
22%
23V4
*82
85
82
0'2 '/a
♦78V4
22%
22%
*22'/a
22%
22%
82'/2
*80%.
82%
*78'A.
82%
15'/a
15%
15%
16%
15
15%
15 Va
15%
15%
16%
J 7%
17%
17%
17%
16%
17%
16%
16%
16%
16%
67
67%
67%
23%
18%
V2
68
67%
67%
67
67%
67
24%
24
24%
24
24V4
24
24
23%
19
19
18%
19
18%
18%
I8V4
ia%
18%
*144
146
*67
*24
*23
147
*145%
145
147
23
2i
23
23'A
23
145
15%
161/2
•17%
36,300
66%
66%
23%
23%
19
19'/a
*147
'
2,100
rL™ Star Cement
1'
Lone Lln°rT
Long Bell Lumber
148
43%
44%
4/%
43%
43%
43%
44
25%
25
25%
25
251/2
25
25
25
97%
*94
96 V2
96%
23
33.%
23
97%
*95
23
*55
97'/2
23%
23%
23
22%
600
431/2
43%
24%
24%
.25 %
90i%
96%
23%
23%
23%
(Pi
Co
Louisville
&
Lowenstein
40
.
4 % %
cum
Lukens
Steel
15'/a
Apr
40% Oct
28
28%
Oclj
96% Jan
2
83
Sep
102
191% July 25
183
Dec
210% Mar
iro
npn
oq
X48
33 V* May 27
10
Dec
4
Apr
14
37%
Jan
May
37»/4
Deo
65%
Apr
43
Aug 29
12% Oct
63
Oct
66~
Feb
Nov
43*1/4 Ja"n
14
Dec
31
24% Aug 25
35 Va Dec
15
191/2 May 17
30% Jan
9
23%
4
99
100
Corp
78% Dec
__i
10% May 17
20
Feb
20
18%
Dec
45%
No par
18% Dec *0
27
Feb
13
25 %
Nov
41
64
Jan
94
17%
Oct
35
No par
A
Dec
120
Dec
3
x20
29
166
Deo
31
24%
Aug
Jan
Apr
May
Jun
31%
Nov
Jan
29% Jan
4
197
32%
Sep
Jan
Aug
Jan
Feb
Feb
7
45%
Oct
72V4
29% Oct
14
20Va
Nov
43% May
97
Deo
14
~ Sep
53
Va May 19
93
10
21V3 Jan
172
29
17
100
a
5
24
21% Dec
com—1
A
79% Feb
28 % Oct
391/2 Dec
50
series
109V4 Feb
12% May 19
17% Apr 16
137 V2 Dec 29
,—10
Co—
31
58VaMayl9
No par
& Sons Inc
pfd
Oct
Mar 15
47
Nashville
2,900
v
Nov
10
Mav 19
par
common
(M)
44% May
74% Jan
Nov
43
3
29
preferred
;
100
Louisville Gas & Electric A__No
par
2,200
21%
10
Apr
11
t per share
78
7/o
3,800
1
■
96%
.
Lorillard
90
22%
8
59 y8 Feb
f6
Highest
t per share
Feb
25
—No par
v
1,700
143%
22%
Lowest
com—No par
—
4,100
.
May
No par
3%% preferred
Lockheed Aircraft Corp
35,100
16%
.
8
Par
—No
Co
Llflujd Carbonic Corp
200
44
44%
25%
23%
v
,
23
44%
*'•6
-
Belt
S" .°J
1,800
,
'
144
23V4
145
*23
23%
LimaTSri
mm P
Lima-Hamilton Gp rP
Corp
Link
.3,000
22%
*80%
■
May 17
•' 46% Mav 21
3
_.
6,700
62
33
83
;
t per share
17
No par
Libby—_
2,300
10%
10%
64
33%
_No par
£5? 7ri,Corp^-K
210
39
&
Year 1946
Highest
t per share
l
5
Liggett & Myers Tobacco com....25
Preferred
iqo
2,100
-
33
*63%
Libby McNeill
700
170%
39
10'A-
2,800
1
90
170%
Range for Year 1947
Lowest
Lerner Stores Corp
Libbey Owens Ford Glass
19
Range for Previous
STOCK
Par
.6,100
37
.
89V4
39%
,
.!
,
9%
37
YORK
EXCHANGE
1,700
v
53%
t.
9%
9%
37%
89 V8
171%.
*170%
10 'A
10
lOVo
9%
33 %
39%
3,8
10%
89'A
171%
171%
*170%
173
"
■
■
NEW
Shares
18%
18%
18%
53%
9%
172 '
10%
18%.
19 Va
(263)
STOCKS
Sale* for
the Week
t per share
$ per share
snare
per
391%
89%
40
share
per
54
551/4
9%
*37
174%
*38%
Jan.15
18%
19%
54%
9%
*37%
*172
share
per
Friday
Thursday
Jan.18
Jan. H
$
FINANCIAL CHRONICLE
Jan.16
Wednesday
t
&
PRICES
Tuesday
Jan.12
Jan. >-10
SALE
HIGH
AND
LOW
Monday
Saturday
COMMERCIAL
30
101% Aug 22
26Vi Oct 14
13% May 17
July
108
30%
Jan
M
•!' *39
40
*38
39
*134
143
*134
143
51%
*36
51%
51%
*3? : "
36%
35%
36
34%
*100%
104
l(Jl%
*12
12
.12%
*17%
*11 '/a
17%
9%
*9%
*25
12%
17 va
17%
9%
9%
6% (t,
25'%
6%
6%
7
23
7
--
9%
6%
100
11%
550
10
*24
■
7%
23%
22%
23%
7%
7%
7%
7%
7
'
23%
23
7 ....
23%
7%
22%
7%
Mandel
18,300
li
Marine
Market
15%
15%
16
*15%
15%
200
26%
26%
23
26%
x25
25 Va
24%
25
24%
25
24%
24%
3,400
99
99
*99%
100
16%
16%
16%
17%
16%
16%
17%
17
16%
'
100
17%
18%
18%
18%
18%
18%
19
19%
19%
19%
60y2
601/4
60%
59%
60
60
60
59%
.17
.19%
*59%
59%
23%
■
*32%
23%
231/2
*40 Va
91
*87 %
89
,*84
*88
90%
*88
89%
89
85%
85
10%
10%
10%
*43
112
112
113%
40%
39%
41%
*5>R%
29%
23%
28%
*87%
90
41%
90
48
*90
47%
34%
34%
23
23%
*19
27%
34
92
20%
20%
24%
23%
19%
23
19%
19
93
93%
*93
94%
41%
41%
24
42%
.
19%
94%
23%
24
24
17%
17%
*17%
58
*56
58
*40%
17%
I
1st
1,600
McCall
1,200
;•
McCrory
31/2%
90
McGraw
..
42
42%
2,400
27%
27%
27%
700
46%
46%
,46%
900
34%
34'%
34%
1,000
93%
*91%
,20%
20%
*23
23%
19%
42
23%
42
40%
23%
23%
23%
23%
*17%
17%
17%
56
*55
57%
&
5%
80
14%
14%
14%
14%
13%
13%
44
*43%
14%
44
43,%
43%
47%
481/4
*51%
52
*51%
52
51
51%
51
88
89
89
*89
14%
88
88
88
22%
22%
21%
22%
1st
'
&
Min
Merck
&
Co
r
500
$3.50
21%
211/4
21
21%
*38%
40%
40
40
40
40
300
99%
99
99%/-
98%,
99
870
Metropolitan
Monday
15%
*15%
45
44%
42
133%
41%
39 Vb
\!V
134"
133
,
14%
14%
14%
12%
12%
*12%
54%
54%
"
91
91
91
67'A
66%
67
100%
100%
101
14%
14%
14%
117%
117'/a
118%
52%
52'/4
52%
52
5
5
16%
10%
*25%
56
V
10%;"
27
14%
14%
14%
14%
14%
141/2
118%
116%
52Va
52%
120
4%
16'/a
16%
16%
39%
39%
10
10
26%
26%
26 %
58%
57%
581/4
*112%
120
*115%
51%
53
52 V
53%
14%
14%
27%
*26%
27
26%
13%
*12%
13%'..
12%
14%
118
51
15
27
-
58
*1151/2
'
>
-26%
*12%
24
20%
V
23
20'/a
20'/a
T9
18%
24
•
108
22%
107%
>
14
*22%
14%
*23%
'
22
108
22%
9?.
*106%
108
23%
,20%
20%
18%
22
22
109 ,Mv
18%
•>,
14%
108
13%
13%
13%
,13%
36%
36%
36%
36'/4
.36%.., .,..',36%;
43'
*42%
42%
:
42%
15%
109
15%
15%
15%
15'/a
15%
*42%
43
55
54
54
•52%
55;.
/V
109'
% 13%.
15%
*42%
* 109? v?
15%
109
.
■•15%'
,
43
42%
'
•54'
52%
52%
Dec
26
11
25
93 V4
300
16,500
15
10,900
3
91/4
Oct
17
Jun
50
Jan
4
45 y«
Sep
65
May
113
Jan
4
111
Jun
118
Mar
May 26
Dec
24
5
46
Dec
102%
56% Feb
.18
27
30% May 19
19
•
22
102
22
,
36%;
36%
-
*52
<
-
109'/4-
-1,200
15%
54
;
,-1091/4- 109%
-
*15%
42%
42%
'■
15%
•
340
-2,900
42%
*52%
54
16%
,-v
Mullins
900
600
17
500
•
1
$7
vtc
41
19% Jan
Mar 21
105'/a
83
Dec
35%
28
Jun
Deo
47% Jan
May~21
3
36%
10
54
97
97% Dec
Dec
47% Jan
39%
30
1113/* Aug 18
9
104
,
Oct
611/2
Jun
113%
Apr
$ per share
Lowest
Highest
g per
t per share
12% May 19
18 Va Mar
5
i ioy8
Oct
48% Dec
23
31%
Feb
45 'A Nov
24
32
6
140
Apr 30
29% May 19
136% Jun 18
156
Kiar
10% May 19
6% May 19
15% Nov
12
14% Feb
24
47% May 27
84% Dec 30
66% Jan
7
10%
9%
45
Nov
share
18% Feb
V
45% May
62'%
,v
173
Oct
14%
Nov
Jan
July
Deo
Oct
26% Mar
Oct
681/4
Apr
119% July
114% Feb
25
105%
Deo
51 '/4 Apr
16
70% Dec
29
40%
Apr
60
99
31
102% Dec
4
1
7
15
Dec
20
8%
Oct
18% May
104
123
Oct
14
100
Sep
129
Mar
56% Oct 20
28
Sep
44
May
com..
,_No par
Inc.,
Jan
13
1.25
8
19
Oct
52
Jan
42
Deo
70
Apr
13"% Feb
Feb
6%
3
Jan
23% July
14
11%
Deo
Feb
17
28'/2
Dec
63% Feb
3
43%
Sep
128% Feb
4
111%
Sep
135%
May 19
64% Feb
8
57%
Deo
104% May
17% Dec
2
27% Dec
31
15%
Oct
19
Oct
14%
Sep
May 19
32
8
49% May 17
A_—No par
Co.—^.No par
110% May 16
49
24
May 16
9% May 19
3
14% Nov
May 19
19% May 19
17% May 19 i
14% May 19
B
No par
102% Apr
.5
10
_i
35
107% Dec
100
14
30
10
64
Apr
Dee
Jun
■
;
34%
'36
Jan
May
Mar 28
"
27% Oct 20
.107% Mar H
26
Apr
3
25
May 29
r
20
45
,
3
271/4 Oct
27% Feb
17
•_
-
-27% Aug
10
•32%
Oct
29
108%
40% Feb
Jan
Feb
109%
Sep
13,
112
22% Jun
Oct
13%
15% Nov
102
Jun
49
May
114% Jan
9% May 17
37% Jan
2
No par
16% Dec
22
9%
Oct
44% Feb
13
33%
Nov
55%
Feb
50% Jun
50
Bros...-
17%
7
2
8
23 % Sep
..5
com
Oct
25% Feb
15% Dec 29
No par
preferred.
Deo
51% Jan
11% May 19
32% May 19
series
class
May 19
3% May 19
»
—20
Tool.—
Dec
28% Mar 11
—100
preferred
&
Apr
May
Nov
33
100
com—
Co__.
Co
77
110% July
Year 1946
Highest
$ per share
Corp..—_—No par
Corp..
^5
Brass
52V2
Sep
3
103% Mar
30
Nov
32% July
Sep
65% Jan
43% May 19
__3
I
'Myers (F E)
Nov
18%
Feb
57'/4 Aug
No par
Impl
Murray Corp of America
4.%
Jun
61
73
55% May 17
13% May 20
No par
—
..
35%
43Va
par
com
preferred—;—
4%%
26%
Oct
Feb
251/2 Jan
24% Jan
—No par
100
Munsingwear Inc__—
-Murphy Co (G C) common^^.r
»
Oct
18
30
May 20
May 19
IlO
*
Inc
Mfg
Aug
—No par
Co
Wheel
60
>:
14
Apr
107%
103
Range for Year 1947
Chemical Co com—
Motor
2,700
108
13%
36%
v.*
30%
Sep
Oct
40% Dec
105 % Feb
50
Jun
36
'
Apr
20 %
23 % Oct
16
Products
/Mueller
Sep
35%
Oct
18%
31% Feb
Jun
108% Mar
Nov
15
66%
Range for Prevtoai
A
RR
Motor
.
Deo
20
20
.—No par
preferred
1,600
V
Nov
23
.10
600
22
Jan
Sep
39%
25% Feb
Lowest
—
M
Machine
Motorola
Apr
69
44
*.
105% Feb
16% May 19
pfd.100
com
Power
700
19
?
108
>?-
13%
—
20%
• '
1
48%
31
Dec
21% Dec
Ward &
Moore-McCormack Lines new com_5
Morrell (John) & Cd..^
No par
1,200
46V4 May
Sep
88% Jun
1
1
Sep
23%
Jan
44
Dec
30
Feb
17% May 20
87
STOCK
Montgomery
800
,
22%
*20
$3.25
>
Nov
97
Deo
14 % Nov
6
Apr
5
3.90%
...
Hosiery
Monsanto
NOV
May
122
Corp
Monarch
'
70
112% May
7
pfd series A
Moline
.'Mojud
204 '/a
Nov
Dec
103
100% Aug 25
97 Va Mar 111
Feb
38% May
Sep
Jan
45%
45% Oct
3%
$6.50 preferred
200
♦
■
109
8
32
No par
pfd
SS
conv
Mission
Apr
Scott___No par
Prod
1st
preferred
Minn
Jun
107% Feb
No par
7% preferred series A
Mohawk Carpet Mills—
6,200
12%
,*22V8
v
3.20%
30%
75
195
23
Mar 14
.No par
'Minn Min & Mfg
900
600
V.
•
■
27
12%
.
221/6-;
*106%
14%
,109%V.!l09 V4>
Jan
49% Feb
May 17
\
IlO
Co
/Minn-Honeywell Regul
$4
Oct
Sep
24%
35% Nov 20
190
35
Inc
Petroleum
P &
St
Feb
12%
48
26% Nov 20
11
24
..50
Mo-Kan-Texas
•
51%
*26%
121/4
36%
108 Va
2
__l
5,200
.
115 :
50%
«'
15
26%
22%.
23%
„4 20%- '-20%
"1*18% •19
*20'/a
20%
% 18%-:. 18%
23%
108
23%"
6
23
__5.
Steel
cum
Minn
530
57%
%.■
8%
'
26%
115
•
52%
*13%
36%
36%
20%
18%,; 18%
%'•
108
*13%
,'23%
Jan
24% Oct
63Va Jan
45%
<82
Minneap & St Louis Ry—__No
15,200
'
*23%
Sep
Apr
com
3,400
57%
12%
12%
10
••
Midland
1
11,200
;
39%
*25%
'
•
26'/a
26%
12%
■
27
57%
52'/4
14%
14%
14%
119
*9%
*26'/a
-
v
16%
:■
'
300
52%
39%
10 '/4
3,000
5
16%
40
58 Va
&
YORK
iMid-Contipent
240
-
-
14%
117
5
5
4%
1,700
65%
52%
53%
16
*25%
31
112% Mar
Sep
May
'
"1,100
-v
101
116
117
52%
40
*9%
*26%
v
117
10
15 VB
13
4%
34
*109
Dec
Par
400
94
65%
*100%
10
o
'
53
*91
94
65%
;
9
43
Miami Copper
100
,/
53%
1.00%
47/'b
*117
53%
65%
53%
U/'
•:
13'
100'/4
16 %
41'A
60 Va
'
*91
13
65%
117
200
53%
53
H) 1 7,400
14%
13
*12%
.
40
14%
101'/a
4%
'.V
13
106
EXCHANGE
1,400
.
133 %
133
51%
-
15%
*39'/a
14'A
65%
15%
27
53% V 53%
,
134%
•
*100%
41%
58%
123
*119
%
40
*
14%
14 Vb
-
(iUf,
59%
.
43% '■« 43%
,
66
llVtfoK
27
59%
43'%
>
100%
41 %
10%
,
43
117%
14%.
5
•S
91
91
15%
100%
%•! 66
16%;
42%
*10
53'%
41
'
16%
*41
5314
91
91
;■
67%
100%
117%
54
Apr
34% Feb
71
Shares
15%
*133
12%
53
tper share
*39
134
12%
541/4
54
;
40
I.
;
12%
:
Jan
30%
57%
,_i
Edison
NEW
the Week
15%
14%
12%
"
91
134
12%
>
Jan. 16
t per share
share
.*141/4
14%
•
20%
„50
Co
Merritt-Chapman
Sales for
Friday
Jan.15
43%
*39%
39%
133
*141/8
-
43
44V8-...
Thursday
15%N
15%
15%
43%
*14%
$ per
share
15%
45
*40%
136
*40%
15%
44 »/4
Jan. 14
per
Oct
Nov
STOCKS
Wednesday
S
•1,400
PRICES
Jan. 13
;
share
per
SALE
HIGH
Tuesday
Jan.12
I
AND
22
11 »/4
Oct
Mesta Machine Co
99%
*21%.
Feb
11
Sep
common—
40
21%
U%
1
preferred
101
21%
Deo
-100-
Inc
Transp
inc
cum
40
share
*134
"
1,400
90
*89
7Vi
108% Mar 20
100
Stores
Merch
100
per
24
3,500
48%,: 48%
90
Mercantile
t
40
15%
■;
50%,;
*89%
: 1,700
101
Jan.10
*
49%
90
13%
48 Vb
*39
Saturday
<
51
13%
48
<•/'•
Sep
1
25
preferred
*100
LOW
.
48
Jan
8
3%
Feb
29
Jun
66
29
50
Deo
70
Jun
10
Jan
-
22
Jan
N
17%
17%
17%
17%
24%
24%
25
25
28%
28%
28%
28%;
8%
8%
8%
8%
8%
10%
10%
10%
10%
11%
12%
12%
12%
10%
10%
12
12
35
35
35%
*34
'
30%
'167
30%
173
30%
*168
17%
17%
13%
17%
23%
24'%
94
241/4
24
24%
28%
28 Va
*28%
28%
*28'/a
8%
*8%
8%
8'/2
8%
10%
10%
10 Va
lO'/a
10 Va
lO'/a
12%
12%
12%
13
12%
13%
*33%
30%
175
17%
17
30
'168
34%
30%
170
34%
30
168
34'/a
*33%
30'%
168
*22%
23%
23%
23%
23%
23%
*8%
8%
8%
8%
8%
8%
39%
40%
39%
8%
12%
12%
8%
13%
For
13%
footnotes
40
40%
8%
13
see
8%
13%
page 24.
-
8%
12%
13
,
8%
*32
30
30
30%
169
*167%
8%
40%
8%
.34%
28 Vb
S167
40%
8%
40%
*22%
*24
28%
23%
*22%
8%
8%
23%'
11,300
24%
9
33
30%
Nashville Chatt &
600
National Acme
4,000
.—5
.100
National
Automotive Fibres
National
Aviation
200
5,300
100
7%
23%
1,000
Nat
8%
2.400
National
Can
40%
39%
5,700
National
Cash
8%
8%
8%
4,200
Nat
12%
12%
12%
12%
13,400
Bond
&
Share
Jan
52V2
Jan
Sep
41% May
9 '/a
12
May 19
24
Jan
..10
Corp..
Ino
Corp
27
Jan
13
165
Dec
30
21% Jun
par
..10
Register
Container
25%
Oct
27
.100
City Lines Inc
National
Oct
23
30
10% May 19
—4
common
preferred
8%
19% Feb
29% Feb
May 19
•8% Dec
1
...5
National Battery Co
May 19
May 24
21
...1
Inc.
Corp
National Biscuit Co
14
19
'
—1
National Airlines.—:
8%
.
...
Louis.
2,400
*22%
40
St
Co.
2,100
(
8%
40
Corp
330
7
28 Va
169
Nash-Kelvinator
Ino
par
—1
Co
1
''
13
13
Jan
14% Nov
Feb
16% Feb
34
Dec
34% Feb
187
21
18
15
27
10
26% Feb
13
8% May 19
13% Feb
7
431/4 Dec
31
29
14% Jan
7
26
15% Oct
15
May 19
7% Dec
13
Dec
34%
10
16% Jan
14
Jun
33
,
17
42
common
40
101
.
13%
47%
4
22
21
Corp
101
*38%
I
13%'
.
Jan
46'/a May
Dec
Dec
42
————No par
"
*43%
26'A
23
Co
(The)
conv
Oct
Nov.(
83% Feb
preferred..:
Shoe
Co
Apr
12%
26
2
No par
Co—
Robbins
Stores
2nd
16%
48% Jan
Co...
Pub
.
Mengel
Sep
Aug
626
Jun
24
preferred
Melville
800
57
*55Va
55
Electric
preferred
4%
; 1,000
17%
17%
Dec
__l
com
Mc-Quay Norris Mfg Co.__
Corp common
400
23
Corp
preferred.—:
conv
4V4%
Nov
30% May
Oct
8%
18
111% July
71/4 May 19
.No par
i Mead
60
40%
*22%
17%
55
$4
Apr
*17%
>
35% May 19
Stores
McLellan
2,300
*17%
pfd
13%
620
10
85
No par
.-i.—
Mclntyre Porcupine Mines.i.
2,800
95
1
.
1
Dec
82
.No par
Corp
McKesson
200
19%
*93
cum
McGraw-Hill
2,500
19%
95
*40%
93%
20%
-
*22%
19%
*93
17%
24
56
,
23 %
*40%
42%
24
; 17%
$6
20%
93
20%
2Q
*93
;r8o
v
*91%
92
*20%
common
preferred—.
42%
*34
88
^
Sep
1
Jan
lliy8
16% Dec
•39% May 19
.No par
$3
r
46%
34
cum
Co
5
Sep
16 Va
8 i/a
18 % July 23
241/4 May 27
Dec
12%
7
May 17
175
Oct
May
27% Feb
14% May 19
39% May 17
pfd 1947 series. .No par
pfd
No par
cum
$3.40
*27%
46%
*46
46%
*88
90
$3.75
Maytag
42%
*90%
23%
*56%
*88
42
19%
94%
*41
90
27%
common
$3.75 preferred——;
40
28
24%
19%
*93
*27%
20%
20%
20%
28%
Dept Stores
1,900
111%
28
94
*90%
93
20%
"
*110%
,
300
85
44
*42%
May
W-140
,
lO'/a
10
28%
41%
35
4,100
.
39
27%
46 %
*83
V
*38
41%
*34
89%
38%
*88
90
120
88'/a
38
41%
47%
34%
48
*33%
28%
88%
111
111
1,000
: *
39%,
39
*27%
41%
27%
Master Electric Co_
1
Mathieson Alkali Wks com_L .No
par
7% preferred,
1
:
100
\
32% V.
•
178
28%
28'%
*87%
••••
41%
28%;
2,200
23%
,
38%
39
28%
"
113
*111
.No par
Corp
106%
32% Feb
May 19
14
.No par
88%
10%
*42%
Co
Masonite
39%
1
44
L)
Martin-Parry Corp
23%
85
10
(Glenn
1,400
90%
*83
10%
44
*42%
113
x39
41%
*27%
10 %
44
*110%
40%
*87%
/
10%
*42%
43%
85
*83%
85
Martin
Mar 28
14 % Feb
22% May 19
97% Dec 31
100
2,600
89
88
preferred
Nov
18% Aug
6% May 20
9
76%
65
37%
6
Jun
160
Oct
7
12 % Jan
19% May 28
com— .No par
59%
*175
40
*88%
89
17,300
%
Co
19%
*32%
,
178
39%
90%
*88
.89%
10%
44
*112
>92
89
*84
>
40
39%
4 'A
&
Deo
21
500
14
42% May
Sep
140
15% Feb
21 % Mar
19
31/2 Jan
32
21
Oct
111
19
—
22
Apr
38%
60
May 17
9% Dec
,
41% Jan
27
22% Dec
5
Corp
6% prior pfd. .—100
Ry
152
17
5
—
59
327/a
*175
17%
II
Midland
St
Jun
.No par
Marshall Field
110
t
6
19%
-
23%
32%
175
175
40%
*23
32%
32%
32%
17R
39%
23%
23
24
32%
•
41
*88
■
851/2
10%
*43
23%
33
175
40%
40%
*88
23%
33
175
32%
179
♦175
100
10% Dec
455
Maracaibo Oil Exploration- .—__1
Marathon Corp_____
6.25
2,800
"4,600
15%
100
1
—50
Co—
Nov
41
26
11% May 19
16% Apr 14
10
Manhattan Shirt___.:
15%
*99%
.No par
Bros
300
*15%
100
100
1
500
15%
*99Vb
.No par
Co
'
15%
100
RR
/
15%
*99
Coal
Mar 12
Nov
41% May 19
30% May 19
99% Dec 19
par
A__
Sugar
*15%
:>
series
Manati
7 '/a
7
pfd
Mahoning
'
*22%
% c/o
34
134
] .No
com
2,600
7%
22%
7%-;
600
25%
...
•
Co Inc
10
.—100
corn¬
Madison Square Garden
Magma Copper
Magnavox Co (The)„
,
8%
*9%
26
4
: 1,200
8%
S%
*24
6%
23
7
11
*430
8%
Forbes
preferred
Macy (R H)
300
12%
&
Mack Trucks Inc
<2,700
17%
17%
11%
2,500
103
*12
550
8%
10
25
22%
%
7
*9%
9%
*11
*480
8%
8%
26
26
11%
550
*480
8%
8%
27 % '■
*26
6%
•
*12%
17%
*11
11%
550
*480
8%
9%
27
6%
550
8%
.
11%
11%
*480
9
12%
17%.
17%
17%
11%
12
550
*8%
*12%
12%
17%
*101
MacAndrews
er.
34%
-'-34%
103
100
-
t-
51%
'
18%
*480
*11%
12
143
51%
35
*101
38%
*134
51%
34%
104
*101
143
51%
34%
34%
101%
*37
38%'
*134
51%
51%
36%
101%
,
101%
#37
143
*134
51%
51
51%
.
38%
33%
39
143
*134
Sep
13Va
Deo
20% May
28% Jan
20%
25%
180
Oct
Oct
34%
Jan
Apr
37% May
Nov
205%
22%
Oct
32%
9%
Nov
21%
Feb
31
Nov
45%
Jan
13
Oct
24% Aug
Apr
Apr
'
20
COMMERCIAL
THE
(264)
LOW
■atari ay
Monday' '
Jan. 10
SALE
HIGH
AND
PRICES
Monday, January 19, 1948
STOCKS
Tuesday
Wednesday
Thursday
Jan. 13
Jan. 14
Friday
Jan.15
Jan.12
&; FINANCIAL CHRONICLE
s
Sale* far
....»
NEW YORK STOCK
the Week
Jan. 16
EXCHANGE
Range for Previous
v
Range for Year 1947
I
V J
per
snare
*13%
13%
13%*
28%
28%
28%
17
16%
*16%
20%
13%
18%
20 %
43
19
93%
•
is
*
94
34
20
18%
Highest
I per share
33%
18 y8
32%
33%
18'/8
94%
%>
173
'
171
*J38
140 4
138
*7%
•
171
172
♦138
140
140
140
7%
-
*7%
,'7%
♦7%
17%
17%
17
"1
'
%
7%
120
$4.50
;
3,700
...
90%
89%
25
25 %
♦24%
22%
21%
95
93
-22%
94
21%
94
*24%
__1
# per share
Prod ——No par
Co
No par
com
Co
172
220
7%
preferred
142
*138
141
50
6%
preferred
B
♦94
: 7%
'"7%
7%
'*17
17%
y
is
90
90
25
24
24
22%
21 s/8
223/4
94
91
92%
90 3A
v
89 %
24%
24%
24%
24 %
♦24%
243/a
-13%
13%
13%
13%
13%
*13%
13%
13%
*11%
11%
*11%
11%
11%
11%
*11'/B
11%
18%
18%
18%
18%
18%
15
14%
14%
14%
14%
106
♦104
*31%
33
*96
98%
106
♦104
-
*12%
95
31%
31%
98%
98%
12
45%
*24%
24%
*89
12%
93
11%
95
44%
45%
24
24%
*89
44%
22%
*21%
15
143/4
14%
14%
50
50
51%
49
44%
50
134%
*15
133
15%
*18%-
21%
i 134
••
:*14%
•47
54
*47
235
*200
14%/
14%'
483/4
48
21
21
>
54
'f: *47
54
*47
*200
■
131
130
'1
*14 v
r-V4
:
.
230
'
52
14%
;
*47
14%
52
230
N
300
•
400
233/4
24
*90
*90%
16%.,
*84
243/4.
235/B
■■;,.■'•
91%
,
16
.
86
24%
91%
;
16%..
#. 00 10
„
*223/4
233/4
♦23
*35%
36
*35%
58%
60
59%
yv
23%
-
'■'i\ 8Sl
86
23
35%
58%
JV
24%
15%
16 3/a
16%
16%
87/a
■?: ' 8%
59
9%
85%
85%
83/4
v-
/.
*27
-
85
iv
28
l
•
23%'' 233A
91
15%;
,
-
«
85
.
00
15%;;: 15 3A
86%
23
23
♦35
36
,
58%
10,400
91
28%
28%
16%
157/a
23
*35
.
28
/v." 15%
16%
8%
58
"/
16%;7
8%
87
863/4
29%
29%
29 %
287/B
29 3%
20
203/4
20%
203/4
193/4
20%
86
86%
:
*22%
*35'A
58%
*27%
9>/a
86%
9%
*85
29%
87
12%
,
86%
*21%
36
*6 3/4
21%
/
28
*27»/a
16%
716%
23%
36
7
127/a
31
99
31%
•
32 %
180
Norfolk
31%
6%
2y%
19%
2oy4
19%
873/4
86%
86%
*86 ;/•:
12 y8
.12%
12%
213/4
21%
;
363/4
*31%
North
98 %
30%
303/4
7 30%
18%
*17%
18 3/a
25%
993/4
♦151
♦133/4
70%
99%
*93/4
97/b
30%
30%
30 3/4
♦151
155
151
40%
151
70
*151
151
53
*21
22
14%
*83
70
69
69
HIGH
SALE
70
69%
•34%
*96
Thursday
Jan.
J per share
14%
143/4
Jan.16
'
*39%
I per share
f per share
14%
15
12%
*12
12%
*12
71
*69
71%
*69
71
*39%
40%v
*39%
40%
N
40
15
15
7
15
■
140
140
*183/4
193/4
18%
18%
*18%
35%
35%
35%
35%
53
53%
53%
53%
53 V4
54
343/4
34%
5%
5%
48 /,
48%
43/4
139
5%
•
*
4%
95%
35 •'•,
96
•
138
5%
47
<
35
96%
139
35
'
5%
47
4%
4%
4%
9»A
9%
9
9%
16%
16%
50
43/4
9%
16%
*157/«
35
•
7 V.
?
*95
\
7 7
7
7,:
X54
•
26
Sep
Sep
IW* Deo
;
21% Oct
83% Oct
r
175
v
Jun
34%
69%
35%
61 y*
"79
135
Apr
Jan
Jan
May
,
V.
Jun.
' '■•
-37% Feb
7
41% May
76
May
,
-
Jun
!'7'^25/>F0b
Deo
-113% Mar
_
1-; .:": 109 7
11% Not
•
-
28%
Feb i
_
4%
139
100
140
9%;
*16%
16%
6
30% Nov
5 Va
50%
22% Feb
16% Oct
22% Apr
253A Oct
2
45% Jan
I
13% Feb 11
18% Feb
6
Jun
Dec
12
10
4%
.
4% v/.7
9
9%
.
4%
*16
18%
16%
9
30%
18
108%
23
19%
Feb
Dec
31
22
21
Bep
51%
51%
27% Dec
*92%
May
37% Not
Bep
112
Jan
29% July
22% Jun
19
18%
Not
36
Feb
17
99%
Oct
*119%
Jan
13% Feb
4
loy* Not
17%
JaD
Feb
8
*113
Sep
30
28% Feb
18
25
Deo
83% Feb
18
26
Oct
158
Dec
7% May
86
May
15% Sep
24
149 V* Oct
107
30
7
118
7
Jun
120
Feb
51% May
39% Feb
24
183% Jan
18
28% Feb
8
19%
Sep
Deo
180% May
19% May 15
84
Aug 28
93
Jan
4
66%
Oct
111% May
12.50
68
Nov
80
July 25
2.50
28
7"l''!/y.;r7/
STOCK
preferred non-cum
No par
Finance Corp of Calif
24
.
•
I per share
/
Sep 24
10%
7
Oct
t per share
'
19%
Jen
19 v Feb
1
Oct
17
49
Nov
25% July
86% Mar
46% Oct 17
24
Deo
48
43% Jan 18
82% Jan 11
89% Feb 19 '•
36%
Oct
47%
80
3 7
'
Highest
12% Deo
Mar
10
De~c
26
50% Nov
25
Corp
Jan
Apr
Year 1946
Lowest
I per share
10
100
Range for Previous
>
Highest
B ;•
10
May 28
10
: ? 9»A May 19 7
Jan 16
No par? ? 50
common
non-cum
Lighting
"
I per share 7/
Par
Co
'
Jun
35
69% Not
Range for Year 1947
Lowest
29
x337/8
No par
Telep & Teleg common—100'
6%
131
preferred
100
Pacific Tin Consolidated Corp__—1 i 7 3%
Pacific Western Oil Corp
213A
10 ?
Packard Motor Car—
No par
j',-/ 4%
11,400
Pan
51%
92%
July 23
19% May
May 19
93
6>
Jan
Jan
21
Jun
35% Dec
38
;■
65% Jan
■
Deo
111% Feb
Mills
No par
American
Petrol St Transp—;_5
7
-
•
25% May 19
-
Airways Corp_—2M»
Pan-American
700
Not
22
1744 May 17
100
56%
Oct
9
16%
18
20
-
16%
•
44
14
21,200
9%
Jan
36,
6
31
110
4%
:....• 7. 9Va
May
104% NOT
Nor
Dec
Pacific
2,200
18%
Apr
Pacific
15,400
117
96% Deo
500
5%
Jan
1
270
52%
.
111
8
91% Dec
100?
St Mfg
YORK
-
16%
■
115% Jan. 11
21
lo
Pacific Gas & Electric
Pacific
-
140
5%
2nd
Pacific
32% May
39% Apr
16% Feb
No par
Marine
preferred
1,100
343/a
53%
1st
5,500
96
5%
43/4
9
Dec
;
10% Fob 17
30
41% Sep
23% Oct
9% Deo
:
5
30% Sep 17
33% Jan
7
6% Dec 31
No par
Pacific Amer Fisheries Inc
200
/
*
343/b
51%
5%.
52
54
r
95%
96
*137
139
5'/8
49%
9y4
5
95% 796%
♦137
139%
5%
47%
•16%
;•>
v
17
12
A__100
'7
1,400
353/4
35%
preferred
Co
Pacific Coast
183/4
35%
>
Oct
102% Feb
EXCHANGE
~30
19 3/a
53
7
No par
preferred
(The) common
common
NEW
12.%
*69%
40
pfd
Owens-Illinois Glass Co
Shares
♦12
40%
»
27
preferred
the Week
12%
71
6%
Sales for
Friday
15;.
36
96%
•13%
Sep 25
64% Nov
30
STOCKS
19%
96%
17
Oct
33
-
—100
common
Corp
PRICES
35 Ya
it'- 353/4.
36
7
Not
x89% Dec
Dec
"
129% Jan
11
30
-
May 16
10
168
Feb
1
Feb
-
'
<
Jan
,
2
Jun
Apr
*
160 %
164
Deo
5
•
Oct
Oct
181% July
11% Feb
34% Apr
13'<in:
7% Feb 13
Jun
67%
48
122%
69% Oct 20
Dec
5
v.-'i 8 % Dec
6
7 13 I
May 13
54% Sep
28% Oct
'■
T7
18V* Not
Jun
v
5%
Oct
14% Feb 21
11%
Dee
112% Feb
•27 ', Jan-
18
13
Oct
i
:h
"20% Apr
July 18
'
"'
*51%
51%
51%
51%
*91
93
92%
93
>7%
■'
*77%
*97
:
40%
*2%
■
31%
|.
*40
2%
-
21
,41
76%
2%
2%
32
2%
*28%'
7%
7%
73A
73/.
11%
11%
10%
36%
14 %
15
18%
*32
<110
34
111%
19
19
18%
19
*46%
*116
♦44
88%
*11%
22%
*30%
*99
10%
41
6%
18%
47%
117%
37
*36%
41%
-
:
40%
6%
6%
14%
14%
18%
18%
32%
*110
18%
18
29
V:
*2%
*28%
*73/8
7%
*7%
103/4
*10%
36 3A
363A
*36
36 Va.
40%
41
14'A
14
14
18%
17%
173/4
6%
*31%
112
19%
19
18%
*443/8
18
46%
117%
46%
*116
47%
873/4
13
22
22%
213/4
22%
30%
30%
*29%
30%
99
99
32%
112
19%
18 3/a
46 3/4
117%
"40 %
6'/,
*133/4
17%
*31%
*111
41
14
17%
32%
115
19
19%
18%
18%
14
*17%
*31%
*111
18
46%
117%
116
900
Parmelee
500
Patino
Penick
<fe
Penney
800
18
-; l.ooo
32%
900
23,300
45%
*44
47
87
87
87
12
12
12%
410
22%
21%
22 y8
30
30
99%
11
*10%
103/4
*99%
100
2iy8
29 %
*98%
ioo
'A
22y8
29%
100%
1,900
'•
40C
49,700
-
500
50
Coke
Cement
Corp
Co
Eastern Ry Co
St
Pepsi-Cola Co
Pet Milk
AVa%
Co
10%
15%
10%
15%
2,500
Petroleum
*15%
15%
16
15
153/4
15%
15%
*15
54%
15%
1,100
Pfeiffer
52%
53%
52%
52%
52
52
52
52
52
45%
46%
44%
46
45
44%
44%
2,300
5,800
Pfizer
47
52 V2
45%
46%
463/a
46
52%
52%
53
*99
100%
For footnotes
♦99
see
53
100%
page
24.
99
53%
100
*53
533/4
53
53%
53
53%
560
*98
99%
98%
98%
*98
99%
100
Corp of America
Brewing Co
(Chas) & Co Inc
Phelps-Dodge Corp_
Philadelphia Co 6% preferred
$6
preferred
-
Dec
Apr
<4
31 7
Sep
105% Oct
273/4 Oct
"62
Not
14% Feb
Sep
Aprf
77% Jen
48% May ;
26
11
Oct
"22% Jun
Dee
24%, Jen
48% Feb 11
40% Not
12%
67% Jun
45% Jun
4
16% Oct 20
24% Feb 27
Dec
6V4 Oct
17% Sep
25 7 •36
10
117
Jan
29
6
22
Jan
6
20%
5
26% Feb
5
25
61% Jan
6
37% Not
38
May 13
373/4 Aug
115% July
27% Jan
47%
Feb
51%
Deo
43
Jan
68
13
86% Not
115
Feb
S
22
99
Dec
50
49 % Dec
4
97% Dec
24
Jan
21%
Sep
40%
Sep
43% Mar
2
105%
Sep
8%
Deo
109
14%
12
Dec
18
9
May 14
No par
May
Apr
28%
Oct
8
13
Apr
16%
62% Jan
8% May 17
36 % Apr
51%
108% Jun
31
25
Oct
4
34
May 13
100
14
Jan
34 Ys July 25
5
23
13% Jun
Feb
Jan,
Sep
Sep
101% Feb
No par
37
28%
110
5
May IP
Dec
;
Feb
Jun
6
81% Jun
22 %
Apr 16
16%
30%
1183/4 Sep
2
55% Nov 21
45 5/8 Dec
6
35% Aug;
Oct
11%
Sep
111
-
12"
;
15% May 31
7 38 y8 Nov 20
15% Dec
,
May
39% July
82
Jan
Dec
•
110
3%
Dec
29
66% Apr
Apr
14% Jen
90% Apr
111
? 35%
•
Jun
18
5
1
-66
July
xl07
100
5
43
Dee
4% Dee
7
10
15% Jan
.
8
No par
37% Jun
34% Feb 21
15
Dec
100
'
100:
93% Jan
4% J»n
.
7
'Dec 29
8% May 19 7
7
1:
Mar 24
79% Feb
13% May 19
7
33'Ac
common
2nd preferred
15%
103/4
7
10
50
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
J
8
Nov 12
32% Jan
•'
32% Sep 11
383/4 May 27
5% Dec 26
—1
Pennsylvania Salt Mfg Co com—10
3%% series A preferred
100
Peoria
t
i
5
Corp com—No par
preferred
100
& Light Co
No par
Pennsylvania RR
2
,5
-
9% Feb
28% May 20
No par
No par
Corp
Sep
33 '/a Dec
Power
54%
10%
1
"
Glass Sand
5%-
2,000
12
30%
Penn
Penn
/
45%
99%
Penn-Dixie
10
118
&
1
No par
Airlines
10
37 '
,-1
2.50
Enterprises
13
.193/4 Dec
—:—No par
(J C) Co—
Coal
Penn
7,300
19 y8
87
*29%
&
Penn-Central
13
99
Co
Ford
6,500
1,500
45%
22
:
5% Jan
55
96% Dec 31' : 109
/
1 J
Transportation
61/,
46
V*
St
Mines
300
100
Inc
Consolidated Mines
Davis
•
41
87%
*11%
Utah
■
*
87%
•
Park
Parke
>
.
109
31
58% Jun
lv
preferred.
Dec
90 '
common—No par- 7
Inc
Pictures
Parker Rust Proof Co
7%
18%
46
Refining-
Park & Tilford Inc__
1,600
29
Cos
V .40% Jan 13 W
No par
100?
St
A% ; convertible
Paramount
3,300.
-
115
19'/a
46%
Paraffine
.
14%
6 Va
117%
700
36%
40%
6%
10
33,000
2%
11
7 4%
preferred
Panhandle Prod
700
-
*443/8
88
*11%
13
6%
75%
102
31%
31
*10%
46%
103/4
*28%
2%'
31%
110
22,700
8%
39
7%
36%
i
39
10%
37
•
39%
7%
xll7%
11 Va
75%
*98 'A
10 3/a
41%
63/8
.
y,
11
13
11
8
*38%
2%
47%
99
763/,
102
,
203/,
31 y,
29
8 a/8
19%
2%
*28%
r.
Panhandle East Pipe L com
2,700
93
20%
313/4
73/8
;
19 3A
2%
117%
47%
*98
31%
32
88 %
10%
*14
/
32%
29 \
112
*45
31%
39
32
*88
101
39
19
45%
22%
20%
*110
19%
*75
763/,
98
20
19
18%
8
763A
33
47
117%
7'A
98
112
18%
88%
13
*36%
41%
6%
92%
23/.
31%-
29
11%
*6%
51
92%
40
'.
7%
41%
77%
101
32
*28%
73/8
513/4
203/,
,
20
*11%
*
8%
*97
39
51%
*92
92%
r
29
36%
52
73A
77%
101
20%
32%
*28%
8%
• 77%
♦97
21%
*39%
8y«
•■
101
21%
.
8%
79
51%
*92
7:
■■■
2.5o
Elec A%
&
Dec
11
No par
Co
convertible
Outboard
2,600
19%
53
r
18%
17
Mar
15
109%
95y« Oct
Aug 20
19 Ys Aug 20
10 ."
No par
Elevator
Outlet
25
Co common.
Gas
*
83% Dec
50
Rubbet
convertible
Otis
86
71
*12
71
8%
100
88
36 y8
53
Jun
Deo
36%
25% Oct 20
83% Jan li
"V 6% May 18
25'
Oppenheim Collins
60
22
693/4
151
common
Co—
Corp
AVuVe
1,300
*86
.
Int
preferred
Oil
Oliver
500
303/4
30%
Edison
Omnibus
30
21%
*21
share
per
13
99
*21
88
Jan. 14
40%
Apr
45
3
100% Aug It
79'/a Dec 31
cumulative
•
4.40%
60
22
Wednesday
14%
155
Ohio
Ohio
1,100
*21%
Jan. 13
40%
Oct
50
30%
10; V
25% Sep
13% May 19
&
4,400
V
353/4
36
113
Oct
Sep
Deo
"
,27
Feb II
107
;
6
No par
Tire
*86
71%
AND
I
99
4.6%
Oklahoma
10
*18 3/4
36
Deo
Oct 20
■'
3M
12
100
(Minn)— '
Pharmacal
22%
Tuesday
71
>•'<
*98
Ry
Norwalk
220
•
96
09%
Pacific
Norwich
87
22%
*86
Monday
*i2y#
96
V
307/s
70%
14%
13
Peb
26 '
16% Dec 26
/
20
Northwestern
21,300
26
99
31
31
J per share
-70%
*40
*95%
10 %
Jan.12
14%
*68%
99%
93/4
21%
LOW
*12%
*95 %
21
155
110% May
106;
;
1
46% Feb
'
-
26
»
1
preferred
Telegrapi
18 3,4
25%
21
87
Jan.10
*17%
99%
22%
Saturday
183/B
97/s
-
800
99%
21
♦86
Nov 29
33% Dec
10
pfd $3.60 series
Northwest Airlines
30
31
99%
*21%
7 <
44% Dec 26
102
23% Nov 13
_50
1,000
31%
98 y2
30%
26
Co
600
99
25 3/a
American
Cum
2,600
7
313/a
99%
93/4
31%
•
26
V
12%
31%
31
99
21
31%
-7.
253/4
31"
,.
99%
31%
share
363A
*20 3/4
*31%
f per
*35 y8
*98
21
72
26% 7
*96
10
21
87
213/4
99%
203/4
155
21%
*17%
.*17%
*71%
31 '/a
31
18%
..22%
21%
6%
98%
26%
*86
4.100
12'A
313/8
203/4
103% Not
'
24
32% Feb
i
56% Dec
—25
Northern States Pwr Co
12%
6%
99
10
•
'
22 .
Sep
•109% Aug
43% May
16%
Mar 11
f Nov
.
>
■
32% Jan
25% Not
104
13
108% Jan
7
Nor 21
153/i
;_4,
Northern
363/4
31%
*97
4
Hy com-—25
18,200
20%
12
»;;/ 12%
30%
*98
13
,
17
—2.50
—
Western
14.400
240
6%
*12
98 3/4
253/4
*213/4
67/a
12 y2:
Si
American Aviation.
Northern Central Ry Co
Northern Natural Gas Co
40
/
86 3/4
♦35
*6%
12%
99
*173/4
151
*35
v-
33
18%
99
108
>/,
17% Jun
9
32% May 19
230
A—100
North
29
283/4
313/4
10
series
Adjustment preferred
15,000
283/4
29%
*98%
100
26
&
Nupco Chemical Co
300
87
20 y8
123/4
26%
10
50
Noblitt-Sparks Industries—
4,500
14,600
*85%
193/4
■
363/4 77
*6%
*12.%
*26 V*
99
24
23
'< Feb
Feb
15
,7
18% Oct
July 25"
38
Jan
42% May
24% May
Oct
Sep
•
107
'
Light 3.90%. pfd—100^ '
84% Dec 29
Shipbldg Corp partie stock
.10% May 21
N Y State Elec St Gas
Corp— 'r
$3.75 cumulative preferred——100
80 'A Dec 31
9%
9
9%
86%
11%
21%
*17%
*98%
5%-
Power
16%
16 y.
9
*85
;
f
X21%
12Ya-
*35
,
12%
31
4
'34% Feb 17
7
18% Feb 10
Hart RR Co—
100
:
28
86%
21%
7
.
12%
31
99
;
10%
Apr
25
106 V« Mar
14% Not
No par :
:
400
36
58%
58 y8
28%
•
11%
213/4
35%
7
T
*12%
127/«
"l
22
*35
•87
12%
21%
13
*873/s Dec
->
38
Nov
Not
10
Feb
2ya Sep
101% July
Deo
11%
29% Jan 24
8
1 %'
25 %
89
4
17% Feb
22% Dec
100
41%
Sep
13% Jun
35% May 20
:
75
Louis Co
Hiv St
Prelerred
'
'
127/«
% Dec
Sep
Oct
1% Aug
20
28% Jan 10
23% Dec 24
N Y
.
f"4., -i*.•'
•86
Dec
11% Dec
2
Nov
100
6
98
No par
Harlem RR Co—
Y New
N Y
80
5,200
,
86%
*85
36
*22%
•;
59
28
.
'
28%
1% Jan
Apr
July
Apr
10% Aug/
6% Nor
20y«
Jan
40%
'
22%
35%
.
28%
173
33% Jun
.
85 Yt
36
59%
v.
Y Chic & St
N Y &
230
*200
91'
90%
:
15%
15%
V,
23%
91
*90
>
16
243/.
24%
.
91
153/4
7'
86
25
♦90
v.,
Oct
Apr
Jun
108%
•
•
:
230
*200
N
.*16%
*149
7
31
3
; 12
May 17 ■r* 722% Feb
com
100
18% May 19. •7 50
Dec 15
6% preferred series A_
.—100 ;
80
May 19
Dec 30
.137
N Y City Omnibus
Corp——No par/
11% May 19
20% Feb
*
New York Dock common
No par / /197
"Apr 19
Aug \
$5 non-cum preferred.
No par
52
Dec 19
02% Jan
t
1,500
7*/
28
Apr
Jan
95
13
Aug
.
207
9
Feb
7 95
1
Brake.:
New York Central.
6,400
52
'
Air
•
21%;
<*47
•
York
.21,700
r
128%
14%
New
Dec
17
28% Nov
10
-
Dec
105
20
Newport News Ship dt Dry Dook
2,000
178
8 %
13% May 29
serial preferred
100
(J j) common—No par
preferred
100
Newmont Mining Corp
Newport Industries common
4%%
preferredI
: 1,900
.
-
47'JA
*21
22
♦200
■:
128%
'•
143/s
;.*20%
.
14%
14'A
47
130%
:;*14%:
213A
39 »A '-39%
r.
48%
7
130
14%.
21"
'21
•
40
2,600
1,000
15
28
18 % May 18
.;
:__i
New England Elec System—
New Jersey Pr & Lt Co 4%
93
21 3/4
.213/4
393/4,
14%
,
14%
...
/.. 21%
•I.
48
•
132 %
235
*
39%
No par
pfd-.100
-
233A. "23%
*10
93
40
Sep
18
12 'A Dec
conv
33/4%
4,100
:
44%
'*42%
43%
.
.VV"
>7
*
94 V.
*90
..24/:
23%
213A
39
v
•
43
*90
.
12
'11%
12
44%
93
213/4
V;
7
14%
;
•
31 V?
■98%'
94
24'A
;
*90
-
40
131%
-
21
22
40
14%
-
"21
•200
41%
*30
*96
12
■-
Corp
43A%
31
98%
*90
12%
94
,
106
*104
106
31
*96
27
190 lA Sep
167
Jan
Maris
11
Newberry Co
*104
98%
113/4
143/4
49 Vb
?
300
31
Nehi
Oct
1
20% May 20
1
Neisner Bros Inc common
106
».•
22%
22
200
*24
41%
40%
1,300
•
93
15
,
18%
*14% -.14%
Oct
36% Dec
12% May 19
88
No par
*18%
♦96
24
41%
Fibre Co
143/8
16%
102 %
74 3/4 May 26
21 % May 17.
com
Co
18%
44%
23%
*89
Vulcanized
31% Nov
:
2
8
1
23
34%
18
16
25
Oct
Feb
107
27
io
18%
*90
22%
*133
Dec
6% Jan
15% Dec
12 Dec
Co
*14%
,
95
93
Natomas
25% Jan
31
233/4 May 20
100
14%
12%
•90
Natl
800
Tea
Dec
136
Pa
18%
31
98%
*90
<
45%
600
11%
National
18
96'
No par
(The)
*14%
*104
32%
98%
12%
*90
ex-dlst
*18%
„
106
*31%
y
133/8
11 Vb
*
600
v
48% Dec
32% Aug
67% Jan
1
;
prei tried
25
19% Nov
30
Corp_—
Supply
3
Dec
Corp:
Sugar Ref Co
4 Va7c
133A
13%
11%
*104
National
320
-
24%
24%
24%
11%
18%
93
Lt
St
Steel
23% Oct
165
'
24%
*14%
1,000
22%
22
*91
92
Stl
Power
National
National
24
25
Natl
1,800
15,200
89%
24
22%
22%
*91
•'/
St
45 y*
No par
-No p*
Cast Co
2,800
89
,<
Service
Nat
Mai
Sep
15% Nov
—100
National- Linen
700
•..■i
1
i
n
90
*24
17%
*17
30
100
200
73/4
*7%
•
17%
'
15
3
fl
1
10
A
31
Jan
20% Jan
38
14% May 19
No par -
common
t per share
17% Feb
30% May 26
__1
preferred
conv
National Lead
Highest
t per share
14% May 19
17% May 19
5
_
Lowest
13% May 16
26% Dec
8
No par
Stampings.
172
*13%
85
&
National Gypsum
6,400
,
Distillers
Enam
172
II
tt
89%
26
22 %
17 y8
1 \
90
•
*73/8
17%
7
*25%
•'
18 3A
Nat
172
172%
138
■
171
*89%.
•.
100
32%
32%
National
20,100
*139
171
17%
.
*17%
*%
,
Dairy i Products
Dept Stores
"
*170.
-
National
94'/a
*93
32%
32%
National
43
is ya
18 %■•
94%
32
Cylinder Gaa Co
4,500
20%
20
95
*93
National
7
16»A
*39%
44
Par
>1,500
28 7/8
*16
20Vs
*39%
43%
173/4
18%
95
32%
16
'
••
.
1,500
13%
28 3/a
28%
20
20%
*39%
■
.
'
J
Shares
share
13%
13%
28'/a
16%
20
43 %
'95
96%
33%
,
28J/a
16%
;
;
20%
*40
i8%
*95'
,34
16'/a
I per
...
13%
13%
28%
28%
$ per share
16
13
16%
20%
43
t per share
<
13
28%
i
16%
45
share
per
12%
2{J%
>
20%
*43
t
share
per
Year 1948
Lowest
.
'
2
35%
29%
Jan
80
Sep
x48
22
48 3/4 Dec
14
,
22
59
Mar 20
109% Aug
5
51%
107
Jan
Mar
Anr
Feb
May
May
Deo
76%
Jan
Deo
117%
Jan
v'-
:
.
.
Volume 167
Number 4665
THE
COMMERCIAL
NEW
LOW
;
Saturday
Jan. 14
23%
<
25'%
14%
32%
•'.
-
; 14%
31%
89%
25
24%
109%
91%
14%
89%
14%
30%
90
28
30
9l
89
*85
88
*37%
40
*88%
90
88%
86%
*87%
61%
58%
59%
58%
41
*88 V*
90
60%
61
60%
*13
*33
14
*13
%
34%
104'/a
*102%
*96%'
14
14
♦88V2
30%
39
:
13%
.34 %
34
102%
i
*
14
14%
14%
29%
39%
*12%
34
*33%
'34%
103%
102%
102'/a
*88%
88%
*88'/a
88%
29%
28 Va
29
17%
17%
17%
29%
29
-
17%
*16%
159%
159%
*159%
162
159%
159%
39%
38%
39%
38%
39
38%
38%
9%
9%
9%
9%
:
9%
♦140
-
V
<
.
13%
13%
♦140
„••
9%
13
v
*145
9
13 %
13
•
♦140
153
>•
•
<38
\
*79% -.81
19%
*140
31%
47
19%
86
32%
■/15%
'■
*139
31%
31
34
:
85
30
*33 %
31
;
•f
33% ,V.:
79%
10%
48%
46
33%
*33%
•
"33%
*14
151/a
%
15
15 V,
15%
13%
13%
13%
13%
13%
10%
13%
10%
13%
10%
10%
10%
10%
J 10%
10%
••'10%
10%
10%
10%
*33%
343/4
<
33%
33%
; *33%
35
70%
70 3 i
21%
21%
86%
86%
*33%
33 3'4-
22%
22 3
96
;
70
70%
20%
20%
20%
20'/a
87 V.,-'
85%
86
*85%
•86%
86 Va
85%
85 %'
32%
32%
*32%
1,800
Public
21%
21%
21%
21%
8,600
Pub
96
97
96%
97
1,200
,
.33%
j.
•
A *32%
33 %
22
21%
21%
96%
97
: *85%'
21%
97
96% /97%
108 %
107%
135
32% ,33
21%
'
107%
Xl07%
135 %
118
,133%
107
f
119%
135%
135
133%
•<
•106%
137%
111
53
52%
52%
29%
Ill
30%
•
111
52
:
52%
27%
29%
,
108
111%
52
107%
•
30
Tt<
91/4
9%
52%
27%
132%
133
110%
.51%
52%
52
52
-27%
28%
27%
31 Va
27%
*106%
107%
-
23
24
9%
68%
66%
8'A
8%
81/8
*96
9
98
9'/8
8
97
97
29%
27%
33%
33%
*33%
*187/B
19
39
39
*34
36
*12
12%
♦101
V
24
*95%
29
18%
18%
24
*96
28 '
Saturday
11%
11
4%
4%
11
62 %
14
13%'
98
96'A
96%
23'A
27%
28
;
AND
8%
8%
4%
8%
4
4
10%
10%
10%
10
26%
25%
'1031/a
104%
*102%
104%
94
7%
a93
7%
23
22%
105
*9%
9%
40%
104%
40%
7'A
91
23%
9%
*5%
93
7
7%
*91
92
91%
91%
91%
6%
:
18%
23%
"
22%
17
17 »/4
<
'
10
45%
..
93
93
<
*60
!
.
65
9%
*80%
20%
*110'A
9%
82
20%
112
,
24
24
6
'•<
5%
7%<
17%
92
7
9%
40
/
63%
Feb
32
Nov 4'
67
Apr
May
22%
23%
92
■■■V
231/4
23'%
6
61%
60
60
58%
60
58;
18
45%;
17
/
:
*
.17'A
17%
10%
45
9%
44%
45%
9%
9%
36%
35
36%
34%
93
90
90
*61
66
64
9%
82
20%
112
17%
17%
9%
82
20%
*111
9%
82
"
*85
*61
•V 9%
*80 »/s
45
171/a
17
17
•
90
66
*61
66
v
9%
82
:
*110%
9%
9
9%
*9%
95
95
95
95
95
x95
95
91%
14%
91%
91%
*14%
•14%
*83
43%
42'A
44%
41
6
*6i/a
6%
36%
36%
361/4
36%
12%
12%
121/8
121/4
7%
7%
7%
7%
*11%.
9%
86
16%
85
28
34%
YORK
19% Feb
:
'
107
Oct
4
80
Sep
lfarli
24% Dec
26
19%
Jan
Feb
(-69% Jan
28% May
,
Feb
10% Feb
7
4
•76%
Dec
15% Jan
2
15%
115%
88%
Jun
•
Feb
Oct
1
100%
Dec
20%
9
*91
14%
*83
91%
29
■
*94%
x28%
43'A
95
*91
14%
85%
29%
*41%
42
5%%
•
91/4
29%
Co
St
*91
913/4
14%
600
831/4
Co
16%
5%
471/4
Scott
42
43%
163/4
42
.
35%
36%
35i/8
35%
34%
351/4
34%
35%
11%
12%
11%
12
12
121/4
12%
7%
7%
4,900
35%
34%
34
34%
12%
11%
*102%
12%
104
113/4
1021/2
73/4
.•
29% Feb
13
19
17
Nov 12
102
12
102%
28%
28%
28%
29
33
33%
33%
33%
'.
*7%
11%
*102%
28%
33%
73/4
113/4
104
28%
33%
300
1,000
6,800
20
Co
Seagrave Corp
Seeger Refrigerator
common
preferred
2,500
Sharon
Oil
Steel
&
Dec
Nov
Dec
101
106%
2
100
Oct
15
20
Oct
Corp
May
Apr
34% July
Year 1946
t per share
Nov
24%
Apr
7
Dec
17%
Feb
Oct
21%
Feb
24%
Oct
40%
Feb
107%
<18
Oct
118
Sep
Sep
110%
7
8% Feb
3
4
13%
21
113% May 28
24% Feb 16
30
May 19
30
110
1
7
•97
8
9%
2
24%
Sep
May 27
May 19
124
Jan
28
105 V*
Apr
31% May
Oct
Jan
100 .90
1
9
Nov
Sep
11
43
Feb
6
100
\ Nov
28%
46%
60%
108%
Feb
25% Feb
181/2
Dec
31
23% May 16
5% Sep
9
Dec
26% Feb
21
ISSi <:8
18
' 66
Jun
9
May 19
Oct
30% Jun
40%
/
Sep
65
21%
Oct
34%
64
May
Jan
45
Sep
2
11%
Dec
12% Dec
23
30%
Deo
33
22
Nov
2
Dec
19
68% Dec
26
601/2 Dec
Oct
Dec
16
Jun
May
11
Dec
9
22
30
12
100
;
Oct
37% Dec
55% Jan
12% Jan"
;
57
*.
Feb
Jun
17
68% Oct 20
5Va May 19
_100
Oct
Feb
July
20% May
44
Apr
13% Feb
6y8
21;
40
Co—100
38
Jan
Jun
24
24% Oct
Dec
Oct
25
Feb
10% Mar 31
20% Nov
19% Sep
4
42% May 19
17% Dec
9
—100
19
12%
3
31
12
18
1
5
12%
36'A
104
,_1-'W 19-v Apr 14
'-<13% Jan 10
»
136
7
4
50% Dec
26
Sep
16% Feb
iT'^36% May 20
19 si r45 j May 29
Jan
18% May
45% Jan
44% Feb
10
•
9 per share
7%
9"% Jan
80% Feb
Highest
t per share
15% Feb
30
Dec
Lowest
Apr
11% Feb
80
Dec
26
98% July 24
5
x20
Dec
5
108
Dec
30
5
-7% May 19
_1.75
23 Va
:_N0"par
22
Dec
30
13% Nov 28
831/2 Dec
23
11V* May 19
26 %
July 17
4
110%
Sep
11% Feb
8
9%
Nov
18
Jan
55% Jan
2
53
Nov
100
49% Jan
7
42
Oct
61
Aug
July
103% Sep
102 V* July
2
100
Dec
110%
Dec
102
9
18% Jan 20
98% Mar
95%
116
Mar
Jun
V* Nov
3
24% Feb
13
17%
Sep
37%
Feb
15
42
Sep
77%
Feb
23
/ Oct
39%
Apr
55
17% Dec
Jan
19% Nov 24
23
Mar
19
8
5% May 17
30% May 19
11
.
J 34% May
114% Mar
39% May 17
5
i—1
Dec
90
No par
1
3
92
1
1
May 17
40'A Dec
100
—No par
Oas
45 V* Apr
27% May
14%
74
39
No par
Co
Seiberling Rubber Co
$4.50
Oct
Aug 11
t per share
91
5
Sears Roebuck & Co
•
Servel Inc
Feb
16%
33% Oct
13
14
common——No par
preferred series A
Shamrock
112%
Dec
26%
8
1
Highest
101% Dec
cum
5,200
Apr
Nov
Feb
Sep
12%
Jan
22% May 19
3.35% cumulative preferred
100
Seaboard Air Line com v t c__No
par
22,300
12%
7%
31
15
100
common
Seaboard Oil Co of Del
6
Jun
Jan
33%
26
84% Feb
9% Dec
preferredNo par
Scovill Mfg Co 3.65% cum pfd„100
Scranton Elec Co (The) common—5
5%
53%
46%
3
preferred
Seaboard Finance
6%
*5%
5%
1,700
*53/4
!
A
preferred
Paper Co
Sep
Sep
Oct
-99
11
14% Nov
*
Feb
40
1
16 V* Feb
Feb
May
Apr
36%
4
18% Feb
108% Mar
4% May 19
3'/a Dec 26
.5
9,100
6%
28
•16%
July 14
17% Feb
•
No par
43%
*53/4
104%
22% July 25
48% July 25
39
9
—
17
6%
■'
non-cum
$3.40
300
12
39
23
_100!'; >'85r Dec
Savage Arms Corp—
Schenley Distillers Corp—
3,900
471/4
27%
Nov
6% Dec
series.
(The)
Safeway Stores
10
15%
*102%
•32%
' <19% Jun
preferred
Louis Southwestern Ry.
5%
40
14%
83 %
<
*16%
12%
14
No par
com
St Regis Paper Co common
1st pfd 4.40% series A
110
17
28%
33
29
24% Jan
No par
—
3.60%
Preferred series
1,100
95
48
7%
49%
Sep
12% Dec
Joseph Lead—_—
—10
St L-San F Ry Co com v t c—No par
1,600
15,000
17
7%
Dec
17%
Dec
96
St
30
;
42%
32
2.50
Metals
convertible
Preferred
200
*46
42
10
23
10% Dec
1
com
Common
3,200
17%
42%
Feb
Dec
38% Feb
14
4
112%
41
62
10
Reynolds Spring
Reynolds (R J) Tob class B
50
48%
16%
Oct
Jan
96y« Mar
28% Apr
32
20% May 21
50c
preferred
Drug Inc
Reynolds
14,000
*16%
16%
105% Mar
May 16
12% Dec
conv
Rexall
30
*47
15%
16
9Vi May 17
96
prior pfd series A—100
Revere Copper & Brass com—No par
5%%
preferred
100
2,700
25,500
5,400
43
14%
85%
20%
112
19
<
Range lor Preview
Ruppert (Jacob)
*94%
913/4
14%
*83
'
35% Aug
Nov 1
Range for Year 1947
Ruberoid
17%
104%
150
117%
Sep
17
Lowest
Royal Typewriter
16%
11%
For footnotes see page 24
23
Jan
<139% May
Nov
80% Feb
STOCK
1,100
47
28%
35%
112
29
11
25
Rheem Manufacturing Co—
16
*102%
12
IO41/2
8
3
29% Dec
16% May 17
Richfield Oil Corp
No par
Ritter Company
No par
Roan Antelope Copper Mines
Ronson Art Metal Wks Inc.*
2
47
*16%
28%.
102 %
82
201/4
112%
43
17%
47%
9%
82
20%
112
43
16%
82
20%
42%
17
66
93/8
112%
42%
6%
114% Aug '
119% Jun 11
47%
July
126
9
61% Feb
28% May 19
17% May 19
' 32% Dec 27
1
1
^
convertible
6%
1
20%
431/4,:'
47%
*61
"
93/4
*80'/a
36%
89
*111%
43
40 Va
*
9%
103/a
*84
20%
43%
17%
89
"
112%
43%
17%
44%
10
353/4
29%
49
43
103/8
36%
28%
17%
•:
93/4
353/4
*84
'
29%
9
44%
443/a
10
35%
28%
*6%
108 ' I Sep
f.
Aug 18
36% Feb
94'/a Dec
50c
common
1,700
59
;
9%
*48
41
30% Jun
115% Jan
■
' Sep "
8iADec26
100
1,500
20'/a
63 %
30%
-*17%
103
■
Oct
109 V* Jan
68% Dec
No par
3,200
1,200
61/4
17%
14%
17%
146% July
114% Feb
7% May 19
;
No par
series
Republic Steel Corp
200
>
6 %
*60
pfd 31/2%
5,100
16%
241%
6
;
20
-
10
4,700
*16 1/4
19%
17%
$1
500
17%
*83%
Feb
<105% May
/ Sep
•31
•
Co—
Republic Aviation Corp
Republic Pictures common
90
*91
91%
6'/a
*90%
Feb;
30
Dec'
98%
.
.
3
24% Dec
Par
1,800
*24
9%
14%
111
27 y*
1
21
130
EXCHANGE
8,400
16%
29%
86
2
25% Feb
2
50c
&
NEW
6,000
24'A
9%
91%
"
13
38% Jan
29
5
common
Reo Motors Inc.,
1,800
16%
'30%
141/a
102% Feb
-
"
Oct
r/'<'•
2
Dec
100
(Robt)
Conv
1,100
*23'A
9%
*83'/a
20% Sep
-14%
3
Jan
50
preferred
$4.50 preferred
24
30%
*90%
Oct
71%
51% May 19
21% May 19
106 % Oct
6
25
$1.25 div prior pid
Reliable Stores Corp
Reliance Mfg Co common
180
'
40%
20%
'
Hosiery
Remington-Rand
50
17%
'
*94
July
29% Aug
25
/Oct
Oct
110% Jun 24
1
Reeves Bros Inc
3,000
9%
>
20
20%
Jun
22
NOV ;
6
50
17%
*801%
19:
Nov
31%
A
;
Dec '
.
43
31
14,400
22%
>'■<
17%
110%
29
Nov
11%
Nov
50
,
104
9%
40%
,
7%
22%.
*102
50
.
20%
9%
•'•■'.
Dec
200
Oct f
53
Dec
;17
6
6
171/a
...
20
64
38
Nov
38
37
500
20%
*90
200
: 13
.
.12%
17
33
16,400
106
92
91%
.
25%
17%
36
28
14% Jan 2p
Jun
34% Jan
•
13 A
5o
5,300
<
20%
9%
36 Va
38% Oct
Oct
May
Feb
50
12,900
10
17%
45%
10%
36 %
23
92
Feb
s
45%
Jan
111
No par
Mhares
17% <
17%
98%
16
2nd
Bales fur
20%
17%
Nov
71% Nov'
82% Jan
1st preferred
the Week
63%
.
12%
20% Dec
127
100
common
100
4
9%
*103
22% <
401/4
pfd
:
5,200
v
8%
25%
104
*49
23%
16%
24
6
•
12
59
Feb
4
68% Dec
'
May 20
non-cum
1,200
•<
*20%
.
•v<
64
*18
23
18
7
9%
91%
/
93
221/4
*102
9%
< V-
17%
,
22%
8%
104%
*92
104
9%
25
98
27%
4
<
171/a
49
17%
11
Jan
22% Feb
141
21
non-cum
30
9 per share
.
4
104%
41
23%
:
8%
3%
17'/2
*102
9%
8%
104
49
20%
64
I per share
10
40'A
17%
C
Oct "
15% Nov
4%
1,600
Jan. 16
25%
49
*20%
Oct
,
27
4%
500
<<
Friday
*9%
41
17%
9%
103
14
22
1
Preferred
13%
27
Jan.15
25%
49
23%
-
Dec
18
29
■
65
*96
<
Thursday
4
40%
*24
•
1'
STOCKS
10
40%
17%
-
25%
22
22%
9%
/
27%
8%
*91
104
Reading Co
Real Silk
11%
*63%
13%
98
50'A
25
Mar
48% Jan
19% Oct
200
.
11
/
14
*96
*49
23%
17%
*24
11%
64%
••
%
17%
7%
22%
103
preferred
PRICES
*103
92%
7
23
13%
*27
50%
'
11%
<♦63
98
91
*49
May
210
.»
7'A
22
102 % Dec
No par
common
202
Nov
Sep
93% Oct
200
Feb
35% Oct
500
13%
14
4
,.
18
92%
104%
«
104
17%
93
9%
40%'
104
18%
7 %
23'A
'103
Oct
Aug
5
120V* July 17.
100
$2
1,800
24
10
25%
*92%
Dec
July
30.
84% Sep
15% May 17,
No par
>
13%
25%
10
25%
17%
5
com
106
; 26% May
..
9
May 17
33%. Dec 22
1
_50
Raybe3tos Manhattan
Rayonier Inc common—
1,600
13
23%
per share
f>
103
12%
24
Jan. 14
9
1,000
12%
*101
12%
<
<
24
Wednesday
per share
18%
*11%
103
27%
BALE
Jan. 13
'•
37%
13%
62%
27
Tuesday
9
26%
18
187,
200
1
Feb
'
10% Nov 21
15
12% Dec 23
No par
preferred
600
35
•
13%
11%
•'•
*96
HIGH
26%
18
12%
12%
18%
37%
*33
•
4
conv
1
140
19% Dec 11
90 • Dec 27
(The)
2
'
85% Die 31
Oil
Jan
42% Feb
19
30% May 19
of
Ralston Purina Co 3%%
3,900
24
11%
8%
com.
Radio-Keith-Orpheum
40
34%
14%
21
66
1 per share
8
Apr
Aug 22
203
,
*
13
par
Reis
*13%
13%
Jan. 12
share
*10
V
35
*101
.12%
'
39%
*11%
103
*63%
66
Monday
Jan. 10
7%
*37
*33
,
12%
*11%
14
LOW
per
30%
18%
14 %
/
Jan
15%
-
16,300
28
*101
12%
24
"
13 <
•/
105
24
971%
*96
•
30% :
34
14
98
*28 %
30%
2S%
13%
96%
27%
*33
11%
169
Dec
57
^—10
Radio Corp of America com—No par
$3.50 conv 1st preferred—No par
1,300
30
*37
14J/4
<
*33%
*12%
*631/4
Nov
22
Sep
31
19% May. 19
11% May 17
Quaker State Oil Refining Corp_.10
36,800
8%
28%
'
14
*96
96 Va
9
68%
8%
33%
12
12%
83A
67%
8%
'
11%
^^1
Purity Bakeries Corp
900
;
28
35
*1G1
9%
68
8 »/8
23
33%
39%
.
•
*22%
28
*33
24
Dec
17%
32% Dec
16 ?" Dec
Colorado—20
5%
;.
2,200
.
89%
102
May 19
.21
Cerv
Pure
500
28 /
34
*27
13
66
14
<
31
*11%
<
105
24
*11 »/8
31
12%
*13%
•
27%
<
39
13
4,500
May
2
May 15
17% May 16
Sep 22 \ *
8% preferred——i—,
1_100
Pub Serv Elec & Gas pfd $5—No par
Pullman Inc„
No par
56,400
34
28
34
*101
14
*63'A
31'A
,.
96%
33%
13%
*'■.
330
•
.;
107
28
23% !,-•
v
66%
.
-
8%
39
105
♦13
31
19%
*12
107
28
8%
67
8 <;
34%
32
23
C%
63%
; ; •■
%•'•-•
28%
23'/a
3
67'/a
*31%
19%
*27
28%
22%
29%
19%
V
310'
660
,
Feb
136
Jan
36
Q
24'A
34% <
*19%
1
•28
31%
29%
*33%
14
29%
107
,
"
:
•
41
110
Mar 29
16
Corp of N J com„No par
preferred
j.
No par
6% preferred—
„•
—100
7% preferred
lOo
•
1161/2.
i
—1
Co
Dec
1
31
:f 10
No par
preferred——No
Service
16%
29% Sep
102% Sep
128
Oct
Feb
7%
10% May 19
$5
640
110%
*115%
Way"
cum
73% Jan
Co.—
preferred series A
$4.75
-
134'/a
110%
28%
107
29%
91/8
98
•
107%
67%
8%
*95
*107.
29%
24%
69-
8%
107%
28%
24'A <
*68
:
*107
;
.
107%
115%
210
,
Power
Procter & Gamble——.
Publlcker Industries Inc
3,700
4,400
,
-V
33
106%
'
'
...
70%
115%
116%
133
*110%
69%
;
132%
< 110%
116%
133
-
*110%
t...
29%
*29%
41/2%
70
20%
33%
133%
"107
100
69%
20%
21%
119'A
28%
"
.
70%
20%
•
111
3-1%
70%
20%
96%
133%
*33
70%
21%
86
>
a
111
*52%
..
"Regular
Nov
Feb
23
114
—1
i-
Pressed Steel Car Co Inc
70
107%
119%
35
*33%
22,600
i 9,400
"
21
:
96
107%
35
-
(The)
Electric
Jan
89
49
16% Oct
171
Potomac
36
Deo
31
8% May 19
Apr 22
59% May 17
100
Pond Creek Pocahontas~L_
Poor dc Co class B__
600
1,400
Oct
84
96% Dec
Dec
7
Plough Inc —ir—
—i—5
Plymouth Oil Co_i__t——
—5
'
:
106% Aug
20%
31
32% Apr 21
'
15%
15
13%
Jun
19
Dec
67
Plttston Co
.Jan
112
Feb
Aug 1
163% Nov 17
5% preferred class A-;
—100
5%% 1st ser coiiv prior pfd„100
Pittsburgh <fc West Virginia
100
200
71
Dec
38% July 24
165
10
Sep
Sep
Dec
May 16
16
No par
49,900
.
33%
*14%
15%;
*33%
Pittsburgh Steel Co com
7% preferred class B—
2,600
IO1/4
46%
13%
-
18
88
Wayne *& Chic Ry com—100
preferred
—100
Dec
108
16% Jan
1
new——— 1
••
1,000
/
30%
,
:
15%
V
10
Pittsburgh Young & Ash pfd——100
;
Jun
96% Dec
No par
150
13 % •1
13%
12
Jan
102
33%
July 25
63% July 14
30% Apr 28
99% Dec
4
10
Pittsburgh Screw & Bolt
180
13%
•
5
25
No par
100
Feb
47
Deo
96%
93
Pittsburgh Plate Glass Co
190
.
5I8V4
10%
/ 33
43
17
Pitts Consolidation Coal Co,
2.000
•,
•
791%
,
..
45%
33%
29
Jan
3,300
85
30%
4
10%
47%
Apr
Pittsburgh Porgings Co
__
*139
30%
5
21
81
common
19%
Dec
89
15
No par
preferred——100
50% Mar 15
Oct
July
May
104i/a
Mar
•
13 %
-
18
150
♦lO'A
•
*77
19
30%
*10%
48%
.
79%
150 '
,
13%
*84%
11%
34
8
Feb
101
No par
30% May
122
18
109
com_
Sep
Dec
Dec
25
26
31
preferred-
.7%
43% Jan
Dec
Dec
5,200
•.
5
88
85
Pitts Coke h Chem Co com__No par
$5 convertible preferred—No par
170
'
9%
Dec
100
Pitts Ft
38
*140
"
25
9 per ehare
20 %
'
24
——100
preferred
cumulative
$4
400
158V2
9%
13%
•.•■"
*18%
*139
46%
10%
45%
-
158%
—
19
*18%
series
Hosiery
Plllsbury Mills Inc
153
37%
•85
V-79.%- ••.79%.
.
.
150
*10%
V;
48%'
33%
15%
*140
10%
46
33%
19%
32%
*10%
,
79%
19%
150
32
10%.I
s>79%
.
*145
9%
*140
85
87%
preferred
Phoenix
4,500
27%
116
98 Va Mar 17
5%
70
29
17%
38%
13%
*140
86%
20
*140
48%
*33%
86%
*79% 5»1
■■■•■
'
20
155
*10%
86%
35% Nov
30
Phillips Jones Corp
1,500
88%
'
28%
161
•••
9%
13
"
*158%
13%
*17
153i
*145
'
*86%". 87%
16
Dec
60
88
150
Jan
85
Phillips Petroleum
600
13%
88%
1
10% May 19
10
34%
21
21
common
Pitts C C & St Louis RR
13%
17%
.800
19.800
100
•
29% Jan
24%
120% Aug 12
109% Aug 12
16% Oct 15
18
HighMl
8 per share
2
1
4%
*97
13%
29
• •
.
V
103%
*33%
13%
•145
'
14
-
*102
*97
160'/a
14
39
Dec
21V* Jun
3
Corp
3.60
v 59%
*12%
34
*95
9%
*13 %
14
29
95
5
preferred series A______10o
Philip Morris & Co Ltd common—_5
,100
90
58%
13%
18
:-
Year 1946
Lowest
t per share
22
111% Dec
100
3%%
7,900
90
13%
30
Philco
260
27%
*87
59%
23% Dec
100
common
21% Dec
preferred
6,100
:
88
39
90
58%
14
39%
J
39%
*87 V4
*159%
-
27%
'*85%
♦88%
156
$1 preference
tper share
No par
No par
common
"
*87
90
Co
'
59%
156
♦145
27%
Par
3.8% preferred
Phlla & Reading Coal & Iron
88%
88
Electric
4.4 ft
900
30
88%
1
Phlla
;
•
Range for Year 1947
Highest
Lowest
f
360
.
Range for Prrrleua
STOCK
6,600
30%
*102%
102%
<
89
27%'
90
*145
v
,14%
105
13%
88%
*17%
93%
*85
■
400
93%
105
YORK
EXCHANGE
3,900
24'
93%
*87
'
39%
*12%
♦95
29%
17%
40
34
*88%
30%
17'/a
88
v
24
105%
29%
:
92
*85
13%
103%
13%
88%
*87
88
*39
*95
__
92
14
33%
*102%
*88.
*85
'
24
22%
89
27%
\ 88
22%
NEW
Shares
14%
90
*88
*38'/a
23
24
30%
90
*8'5
.
< per share
*92%
14%
-
tha Week
105%
94%
27%
>
221/4
108
14%
31%
90
27%
•.
28%,
89 '
/
RECORD
Bale* fur
Jan. 16
■y$ per share
24%
106%
96'/a
Friday
Jan. 15
23%
96
14%
28%
23
*108
-
32
*87%
;
28%*
23%
♦24%
«
95%
Thursday
ft per share
share
23%
109%
'96%
32 %
.
28%
25
109
97 >%
14%
<•*87
23%
*24%
109
♦96%"
f per
STOCK
(265)
STOCKS*
Wednesday
Jan. 13
per share
YORK
CHRONICLE
PRICES
Tuesday
I
•
23%
*108
''
BALE
Jan. 11
ft per share
23%
HIGH
Monday
Jan.10
•24%
AND
& FINANCIAL
Oct
6% Dec
10
4
10(/a May 19
101
Dec
10
20% Apr 15 ' '
24% May 19 1 "
43% Dec
24
10% Feb
6
6'A
40% July 14
16% Feb
8
351/4
Nov
10'A
Nov
131/4
Nov
I6V4 Feb
11
16"% Feb
3
110
12%
Nov
17% Feb
49% Apr
23% May
22% July
Oct
24%
Jan
7
Deo
,'
30% Dec
23
17 y8
Oct
i
40% Oct
20
23 V*
Oct';
105
Jan
113% May
32% Apr
40% Feb
21
22
COMMERCIAL
THE
(266)
AND
LOW
Jan.12
Jan. 10
f per share
STOCKS
PRICES
Jan. lf>
Jan. 14
,
t per share
I per
Jan. 16
/
Shares
I per share
t per share
share
Sales for
the Week
•
*22 %
23
*723/8
76
15%
15%
15
15
123/4
123/4
12%
123/4
33%
34
333/4
343/4
35%
7%
6'%
6%
6%
6%
6%
5%
5%
5%
5%
*33 %
*43
44%
107
xl7
103%
20%
19%
20
55%
55%
*54:.
109
21
57%
*34%
35
35
*8B
92
*88
*24%'
25
*24 %
25
16 3/4
17
16%
17
6%
6%
*6Ve
*41
43%
*41
20%
20
54
34%
34%
87
88
88%
24%
24%
16 3/8
*42%
*43 %
43
3,600
6%
5%
100
44
44
16%
16%
16%
2,900
42%
42%
42 V4
42%
1,800
43%
100
*41%
42%
42%
7
preferred-
29%
29%
29%
28%
29%
28%
29
29
29
2,300
Southern
California
24%
24 "•
24%
23 3/4
24
23%
233/4
25%
25%
2,600
Southern
47%
48%
463/4
48
463/4
473 4
-47%.
477-8
47%
48 '/a
17,100
39%
■
38
39%
37.
38%
36%
37%
37%
37%
37
38%
*72
74
*72%
17%
*17%
18%
4%
4%
4 n/4
4%
s
734,
7%
*6%
7%
71
28%
28%
22%
23
22%
9%
9%
'•
>
69
69%
17%
17%
16%
28%
*100 3/4
101 %
101%
27%
27%
27%
27%
87%
87
87
23
22%
22%
♦86
22%
♦93
95
105
104
4%
4%.
*7
7
7
43/4
900
Spalding (A G) & Bros Inc———!
Sparks Withington—No par
7
400
Spear & Co
43/4
43/4
7
7
1
common-,
29 Va
29%
28%
29
1,700
22
22%
22%
23
8,300
5,000
Spiegel Inc common!——!—-,—2
9%
68
17%
17%
16%
17%
27%
27%
600
102%
102 Va
*102%
27%
273/4
27%
86
102%
27%
102
102
93
'
22%
22%
92 Va
90 Va
91-
102%
100%
100%
102
59%
593/4
14,200
59%
60
593%
par
•»
preferred-!-,-——No par
$7 prior preferred——No par
61%
61%
61%
62
59%
413/4
42
41%
42%
40 3/4
41V*
40
40%
40 Va
40%
39%
40 Va
13,500
77%
77%
78
74%
76
74%
75
74
74%
733/4
743/8
24,900
fetanaard Oil of New
273/8
27%
27%
31%
28%
29%
28%
29%
28%
29%
28 Va
28 3/4
42,600
Standard
*93%
14%
143/8
14%
14
♦40%
41%
*40 3/4
41%
41%
♦41
13%
13%
36%
36%
*89%
41%
*41
*40
41%
40
13 %
13%
*13
36%
14
41%
*40%
41%
41
*39%
41 %
300
13%
13%
13%
13 y4
13%
400
34%
35
34
343/4
5,800
91%
31%
31%
91%
91%
31 Va
*91
31%
x30%
30%
*91
91%
100
31%
30%
2,300
31%
31%
*14%
14%
14 %
14%
14%
14%
14%
14%
14%
14%
14%
14%
17%
17%
17%
16%
17Vb
17%
17%
17%
17%
17
17%
2,700
19%
19%
19 '/a
19%
193/8
1,800
32
19%
v
i
19%
19%
19%
19%
19 %
19%
13%
13%
13 Va
13%
133/8
13%
13%
13%
14%
14%
14%
13,400
Stone
13
20 Va
20
20%
20%
203/4
20 Va
20%
15,800
Studebaker
10 S/8
3,500
20%
10%
115Va
10%
*115%
115%
11%
373/4
10%
373/4
38
10%
10%
20 3/4
20%
21
17%
21-
20%
21
42
56
Sun Oil Co
5,000
.
116
100
.'
,
37%
373/,
37%
37%
2,300
Sunshine
10 Va
10%
10%
10%
5,400
20 Va
20%
152
Superheater Co .(The)
1,400
Superior Steel
16%
17'%
163/4
17%
1,100
42%
41%
41%
200
18%
*16%
1S'%
18%
*16%
*16%
35 Va
36%
36
36 %
35%
35%
V 343/4
35%
36%
21
21%
20
21%
20
20%
20 Va
20%
20%
20%
10,400
20%
20%
20 Va
20%
20%
20%
19%
20 Va
193/4
20%
20%
20%
3,700
863/4
87
87%
87 Va
*86%
87
86%
87
86 Va
86%
86
86%
187
6%
6%
6%
6
5%
5 7/8
3,100
*16%
■
6%
6%
5%
6%
*
18%
6
Swift International Ltd
preferred
$4
SALE
HIGH
Jan.13
Jan.14
per
share
f per
share
*10%
10%
10%
10%
.
Shares
I per share
I per share
I per share
I per share
./A/.
the Week
Jan. 16
Jan.15
NEW YORK
Sales for
Friday
Thursday
•
4%
4%
10%
4%
10%
10%
v
■
•
,4%
*4%
4%
4%
17%
17%
17%
17%
171/4
171/4
17
56%
58
56%
4%
103%
d%
*43/,
43/4
V
45
46
42%
44%
42%
43
33 Va
37 %
351/4
37%
34%
36V4
34%
35%
50%
50%
48%
50%
49%
.
15%
16%
14%
21%
20%
20%
*
13%
14%
15,%
*20 >/a
13 Va
*45
46
*13%
23 Va
47 Vb
*46
•
;
9%
*46
47'A
•
9%
*9
9%
231/4
*87
4%
*26%
22%
18%
14
143'a
*47%
153/8
xl3%
14
13%
14
21%
*21
21%
21
21
13%
13VB
45%
*44%
13V4
141/4
,*13%
14'/4
*20 3/4
!
13%
13
131/8
*44%
■
45%
91/4
23%
22%
22 %
9%
.
22%
11
1G%
47
'
/.
13%
13%
131/4
89
*3%
4%
*26'A
23
3%
27%
22%
28'/4
*88
4
23%
*261/4
22
22%
47
*13 %
y
9%
9%
46
*46
-
14
*9 Vs
9%
*9 %
22%
22%
22%
22%
22%
11
10%
10%
*10%
11
47
453/4
46
*46
"
4
v
3%
4
♦89
91
*88
91
*88
28 Va
*26%
28 Vb
*26Vs
22%
21%
221/4
213/4
22
97
97
v, 3%
•
3%
'
*26%
27%
27%
215/8
97
v
96%
97%
18%
18 Vs
18 1/4
18%
18%
183/4
19%
5,300
Timken
Detroit
50%
51
50%.
50%
50 V2
1,600
Timken
Roller
52%
50
50%
12%
12i/4
12%
12 Ve
121/4
12'/4
123/a
12%
123%
17%
17%
17
l7'/4
17
17
17
17%
17%
17%
*16%
171/4
*16%
61/4
6%
;>
*161/4
6%
6
*102%
105
*102%
16%
*16V4
6'/s
5%
16%
6%
5%
6
15
14%
14%
14%
14%
14%
14%
21%
21%
21%
20%
21%
20
20%
*102%
105
36%
*35%
94
93
7%
7%
32 Va
*32
-
35%
*92
6%
*32
35i/4
36
*92
94
351/4
7'/a
7
7
32%
32
32
94
200
.
*131/8
131/2
13%
13%
13%
11%
11%
11%
11%
11%
11
11%
51
51
50%
51
11%
11
11%
313/s
313%
99%
99
•
*
14
18
•-
'•
1,500
Jun
53%
Jun
Jan
;Sep
26% Aug
16%
Oct
41 Va
Jan
102%
Oct
109% Aug
26% May
2
104% Mar
5
36% Oct
63
May
15
10% Feb
7
13 Va
Oct
24% Oct
8
20%
Dec
21% Jan
3
21
Jan
Feb
3
14%
Oct
18 %
Oct
11
25% Feb
15% Feb
3
12%
17
103%
61%
Sep
117
>"
Feb
23
Apr
38% July
24 Va May
Sep
75% Mar 24
39% May
23%
Nov
109% Apr
11&
May
76%
-
Jun
124% Aug
Apr
Oct
21
12% Sep
18
7%
'45 % Jan
2
42%
Sep
56% Aug
6
10%
Oct
24
14
17%
Oct
125
13% Mar
24% Oct
160
22
Dec
102
14*,
Oct
May
.
-Apr
35% May
Oct
160
May
Dec
24% Feb
7
19%
Nov
23
47
5
38
Jan
55 Va
Apr
Sep
21
Aug
Mar
21% Oct
31
13%
37% Jan
28
31
Sep
*4iy«
Feb
27'A Jan
V 28% Feb
2
25%
Nov
36 Va
Jan
13
19%
Nov
41
■
i
104% Mar 11
101
7%
7
10% Feb
'
NOT
Feb
109% Aug
Nov
16%
-
Jan
Range for Prevloaa
Year 15)46
Highest
preferred—.
Corp
$4.50 prior
14
26
13
24
400
Twin
conv
Dec
11%
11%
1,500
50
50
1,900
Underwood
Jun
Sep
21
Oct
Oct
26% May
Sep.
65
16
34% Dec
22
14 y8
Jan 13
58% Feb
18
35
15% Dec
32%
4
Jun
May
22
13% Dec
31
31
19% Dec
22
12% Dec
5
21% Feb
18
18
*
Sep
13%
Sep
47 !
Sep
61 % July
May 19
17% Feb
13
15
Sep
9% May 19
13% Feb
13
10
Sep
30% May
17% Feb
30
60% Feb
48
Oct
16
1
6% Aug 21
14% Feb
15
S
4
24% Oct
21
45
Corp__No par
Dec
16% Jan
1
10
Sep
15
38
;
May 19
85
Dec
31
16% Feb
9%
14%
11
59% Jan
30
38 Va
Jun
13%
Jan
Jan
20
17%
Nov
24%
Apr
108% Feb 24
99%
Nov
18
May 19
25% Oct
94
Dec
"
112
Feb
15% May 19
No par
21% Feb
4
16%
Oct
26%
Jun
53% Oct
20
38 y4
Oct
66%
Jan
Oct
21% May
May 13
5 Va May 19
.1
99
No par
„_No par
Dec
5
12% Dec
5
21Va Dec
29
34% Aug 21
93-
No par
Dec
30
<
13%
71>
Dec;
33%
Oct
12%
5%
105
114
Sep
37%
Oct
Jan
6
46%
Jan
Feb
Jan
Mar
102%
Feb
11
11%
Dec
Oct
18
43%
63% May
Nov
27
Deo
Dec
31
16
Nov
20
51% Feb
97/s May 19
18% Deo
14
f
104 :i Jun
48
30
,1
•
15% Nov. 24
38% Jan
7
<.—50
1
Oct
40% May 13
No par
1
Oct
68
Oil com—lo
i
Oct
112%
1
—
Feb
Jun
18% Nov
21% May
89% Jun
Oct
80% Feo
common.
70
20%
Dec
Oct r
5%
3
May 19
29
'
Oct
32'
7% Feb
'3% May 17
102
Mar 10
106
20
preferred!..:.
Udyllte Corp
July
60%
46%
19
12
Coach .Co-
13%
18
9Va Mar
30
47% Dec
No par
prior preferred
*13%
19 y4 May
58% Nov 21
13
18 % Dec
Twin City Rap Transit com—No par
5%
f per share
$ per share
$ per share
No par
Corp
Higbest
Lowest
<.
15
68% July 28
41
Fox Film com__No par
$1.50 preferred
No par
220
/
56
■V
May 16
15% Jan
20th Century
,
Feb
Nov
2
Jan
49
Jan
25
37
10 Va Jan
Axle——„5
Truax-Traer
1,500
32%
13%
Oct
,
Dec
Oct
37%
7
20
*92
141/a
*13%
Feb
112% Feb
900
32%
47
July
30
108%
11
7
35%
32
100%
29
11
49
78% May
Nov
20% Mar
7% Feb
*35
32
Jt!
17% FeD
49% May
13
Bearing
Trl-Continental
$6
,
61%
Aug
Feb '
80
Apr
59%
'
59% Feb
Transue & Williams Steel
100
24,400
63%
37
3
6
14%
6%
44% July 21
24
20,100
:
7
Feb
105-
Apr
149%
Oct
July 24
Deo
135%
78
15% Jan
16 Va
Oct
-
May
v
60% May
/
-
42%
20% Nov
20Va
*6%
-
19
22% Jan
14%
94
Feb
July 24
10% May 17
20
*92
94
18
Apr
99%
Dec A
Oct
70
2
114% Feb
,
55
Nov
98%
14
14%
,
34%
Apr
May
118.. Mar
20%
13 % May 17
20%
36
8
Aug 14
102
.5
14%
*351/8
37% Jan
-
tTransamerica Corp—„—*._2
"
■
Oct
Transcont'l & Western Air Inc
20
-
107%
2,200
105
*102%
105
104
*14%
14
16%
5%
6
*101%
-
„
'
*102%
105
*16 'A
163/4
11
3,000
!
4
'
17
55
30
preferred
97
12%
*13 Va
$3.75
280
18 Va
52
32
'
•
Feb
21% Jan
—25
com.—No par
100
Tide Water Associated
96%
171/4
31%
—
18%
12%
7%
"
98 Vs
52%
*7 Va
'■
18%
'
94
"
12,500
17%
*92 Va
*'
33%
Dec
Thompson-Starrett Co com—No par
$3.50 cum preferred——No par
1,200
22
96%
J''-'"'
'
2
46% May 27
(J R)—_*_*—
Products
preferred—
4%
10
>
24%
41
(The)-^
Thompson
92
37/a
Transit
98 Va
19
35%
Thompson
1,500
•
52 Va
357/s
1,900
v
Sep /
Jan
preferred———50
Thomas Steel Co
200
47
15 Va
Jun
-1
common.!.:*—;
conv
Third Avenue
200
.
5
109 Va
.
——No par
——
Co
div
$2%
10
9V2
:
Thermoid
1,500
<
Apr
Sep
68% Aug
common-———50c
preferredNo par
Glass Mfg Co common
5
The Fair
200
j
95/a
47 Va
Jan
39%
14% Nor V
13
conv
$2.40 conv preferred
■
91
3%
46
40%
Feb
100
Pacific Ry .Co—!—
Thatcher
240
!
84%
53% Sep
—25
—1
Pacific Land Trust—
$1.25
700
45
—
Textron ,Ina
17,400
45
45 '
Corp
(The)
Texas &
-700
300
*12%
21%
*
<
501/4
6Va
>
21%
9%
*10%
471/4
89
V
10%
47%
9%
9%
47V4
•V*9
9»/4
471/4
*10 Va
11
V.9%
y*46
47'/4
47%
100
*98
49
A
35%
49
491/4
89
*10VA
491/2
35
•
47'A
9%
*131/4
141/4
10
9%
10%
*46
13%
45
*13V4
14V4
*10
13 Va
46 V2
13%
*45
■
*21
37%
49
35V4
*48
July
18% .Dec
15
52
Texas
43%
May
.
5
33,700
43%
27
104
25%
6,300
42%
46
•
.
Sep*
Producing—!
r
13% Jan
6%^ Oct
11V* Nov
9% .£■. Sep
1'
v
Apr
Dec
Sulphur———--No par
Coal & Oil—!
10
565/8
30%
16% Not '
..
Feb
,
Jan
Gulf
203/4
56%
9<3
.
6Va
10
Pacific
20%
56%
43
Oct
14%
Gulf
21%
56
90%- Jun
11%
Texas
20%
56
Jun.
65. :-
?
64%* Oe^
;
Jun
70
•
33V •: Sep.
.73
July
33% May
;
9
Texas
2IV2
55%
Jan
Get
,
17
Texas
20%
55%
39%
.! Sep
22%
38"%
■
Feb
2,100
21%
55%
.30,
S
7% Jan
19,400
20%
55%
!1
Dec-
Feb ;.
' Yf
.
20 V8 Aug
Texas
22'/4
30
59%
3% May 16
700
21%
Nov
22%
13% May 20
20,600
Co
■'
8 per share
9
17%
551/4
83
18
'
v,
_5
56%
581/4
Nov
.
Corp_.
17%
56
44 V2
Telautograph
Tennessee
IC
(James)
Talcott Inc
56
22%
9
Range for Year 1917
17%
59
8% May
Dec
17
6
31
•
56 5/s
21%
Sep
7Vs
7
3
Lowest
561/4
58%
*55
Oct
4%
125
9
Jun
13%
0
4
-
31
"
'
*16%
17
.56%'""
58%
18%
31
17% Feb
5% May 19
Par
500
103/4
«41/0
r
10%
May
Feo
36% Jan
May 17
May 17
STOCK
-aV:;V
300
*10%
.
48
<
Sep A
112% Feb
20% Dec
—1
' EXCHANGE
T
♦10%
29%
.
July
108
•
6
45% Jan
18% Dec
797/8 Dec
—No par
Feb
Jan
,
18% Feb
30% Jun
STOCKS
PRICES
Wednesday
Jan.12
Ja-L 10
I
AND
Tuesday
27%
91'
90% Feb
.
i.
Jun -,,;.
35y4 May
Dec
•
Feb
Jun
May
~
*
LOW
Monday
Saturday
7
_
Gould Corp
99
30
24% Oct
36
May 19
14% Jan
2 V
Sylvania Elcc Prod Inc com__No par
Symington
Oct
31% July 14
32% May 27
25 V
& Co—,——j—
Swift
-
5%
a_5o
Paper C0_!,,_—
,10
Sweets Co of America (The)—4.16%
5,200
21%
Sep;
42
35% -Nov
14% Jaa
10 % May 19
Sutherland
18 Va
35%
35
35%
21%
14
20
28
93% Jan* 13
17Vb May 20
101% Jan 13
13 \May 19
No par
Corp,——
22
20% Feb,. 4
7% Feb--, 8.'
17
19
19
13
8
19
19
30
19
8
10
8% May 19
Superior Oil of California—25
*16%
18%
1
—
65 ya
31% Aug 19
12.50 A
3,400
203/4
153
*4178
16 3/4
42
*41
20%
153
153
Corp,,,,>—
Biscuits Inc—!—
20%-Jan
Jan
63
Sunshine Mining Co———_10c
Sunray Oil
25,300
Oct
54
.Feh, >87':
Aug. 26,
77
81
114
Dec 317
7% Jan 11
100
qumi--
10%
*41
*16 S/8
(4%%.
10 3/4
42
42
common.*.*
Class A pfd
11%
153
16%
17%
'
No par
—No par
10%
20%
20%
153
42
*41
♦115
$4.50 series A preferred
10%
10%
160
17
173/a
17%
1734
159
158
157
157
156
•10%
10Va
;10%
55%
56V4
115
115
'Sun
104%
,
15-
26
r
34% Jan
4
28% Feb
50% Dec , 24 .:
50% Jan
v
16
May 19
'10% May 19
105
July 28
51
May 26
:
11 %
x37
'
103/8
103%
*97
61
Sep*
•
1
Chemical Corp common-:.--—1
(The)
37 Va
103/4
11%
38
11%
11%
38
38
56%
56%
116%
*115
115%
115
117
10%
104%
*97
105
56%
57
563/4
.-57%
57
58
*57
10%
10%
10%
*97
105
*97
105
*97
10 %
10%
11
10%
10 3/4
20 Va
20%
20%
20%,
105
*97
& Webster——No par
Corp
Jan
48 Va;
——
1,200
17%
31%
38%
>
Dec
94
Dec 18
10% May 19
4%
convertible preferred——50
41'A Jun
3
Starrett-Co (The) ;L S—1—No parry: 37
May 17
Sterchi Bros Stores Inc,—
7—1 '•
1?
May 20
Sterling Drug Inc common—,5
34
Dec 10
3%% preferred-!—**
100
88
Dec 18
Stevens (J P) & Co Inc„
7_U5
30'A Nov 26
Stewart-Warner £orp,
;j!7-!ll
57',A 13% May 17
Stokley-Van Camp Inc common,—l-*', 14% May 19
5% prior preferred——————20
19% Jun
3
100
1
567/e
Dec:
Standard
3,200
14%
Nov
33
20%
preferred series A—!—100
Steel Spring common—!
3%%
97
133/4
35%
34%
92
*90
92
*89%
92
*40%
41
353/8
*
13%
36%
41%
*40
41%
*39%
42
13%
363/4
13%
'14%
14%
13%
133/4
14
*95
97
*94
97
*94
97
*94
98
*93 Va
98
common-—10
17 Va, July
.;
Oct
<
5%
r
23% Jan
Jersey—!—25
Ohio
of
Oil
Dec
8
v.,
17
8
7
21
31
■',
37'A May 19 : ■'
63
Mar 17
Standard Oil of Indiana,:——-L25
77%
Jun
62Va
503A Mar 11
Oil' of California—No par
Standard
/-
Apr
43%
7
81
89
$6 prior
500
26%
Feb
9
17'/a May 16
Standard G <fe E Co $4 pref—No par
5,700
Sep
8% Jan
23'A Dec
4 ;
83
Dec 29
coin—No par
preferred-!!—No
$3.50 cum
•>
1,700
60'/a
21%
92%
102
61%
223/4
*92
22%
92%
102
200
Brands Inc
Standard
4,500
87
102
22
Squibb- (E R) & Sons common—!_1
$4 preferred———No par
90
r
27%
273/4
*84
87
*84
Co_l—^—7„-5
Square D
1,800
28
preferred:.—No par
$4.50
Conv
260
27%
86
101
69
*68
16%
88%
*91
67%
28
16%
*27%
22%
9%
9Va
9%
67%
93/i
9%
68
91 y# May
17 %
22% Jan
56
Jan
42% Dec
15
May
- 4% May
■
6
May
73
Dec
23% Sep
16% May
" 8
May
68'A Dec
13% May
>
27
Nov
99
Nov
$5.50
10
71%
*70%
71%
*70%
71%
27%
»
22 H
105 Va
300
29
102
273/8
*86
95
94
105
17%
22%
17%
>100%
102
♦16%
29
28
28%
*28"
*27%
*17
Mobile & Ohio stock
22
93/4
69
173/4
17%
17%
*70%
69%
69
*68
73%
preferred-'——No par
Spencer Kellogg & Sons—7——1
Sperry Corp (The)
:
— 1
9%
9%
preferred-a—.100
tr ctfs
100
non-cum
5%
64
♦71%
22%
22
23%-
9%
2,100
common—No par
Railway
Southern
:
*623/4
7
•
29 Va
29
29
29
V
71%
*70%
71%
*70%
71
73%
*4%
43/4
7%
18
*
4%
*7
8,600
'
17%
Va
17%
17%
,
Southern Pacific Co_———-No oar
73%
63
63
62%
*71%
*71
73%
*71%
73
*
623/4
63
62 8/4
63 va
*62'/a
643/s
*623/4
-
share
39% May
27%
54% Apr
27
Dec 24
22
July 29
34% Apr 19
28
May 19
57% May 19
68
Nov 10
-
»er
,
Nov 26
40% Nov 29
Natural Gas Co_„—7.50
48%
38%
.
25
Edison—
29%
23%
'
Jan
'
147/8 May 28
37'A May 19
25
preferred
8Yr
oy*
77-
'*
9
42
_50
.
Greyhound Lines
5
South Porto Rico Sugar com_-_No par
Southeastern
29%
48 %
3% May 20
5% Oct
6
South Carolina E & G Co com—7.50
2,000
,
47
42
*40%
43
*40%
62,600
4'A
16 %
42%
42%
16%
24'% Ma^.19
V 6% May 19 ,
; »ya Feb
4
Apr 14
6% Feb
27% May 19
41
Jan
39
Apr 22
51
Feb
.;
14
May 19
18 % Dec
65 - Mar 15 C117 % Dec
7 15
May 20
23
Oct
38
May 20
* 62% Oct
,29% May 19
39% Oct
;
87%Dec3o
102% Jun
23 Va Dec 24.,
15% Jan
13% Mar 14
17% Dec
,
Socony Vacuum Oil CO Inc—15
South Amer Gold & Platinum.—— 1
24
6%
com—20
preferred—100
cumulative
;
Smith As Corona Typewriter—No par
*43%
16%
3'%%
400
*
47
16
6%
6%
6%
6%
6%
16
(A Or Corp—————10
Smith
Smith (A) & Sons Carpet Co
110
■
16 Va
*4
4
Sinclair Oil Corp
——No par
1 Skelly Oil Co———15
Sloss-Sheffield Steel & lron_iL—-20
2,300
91
24
16%
4
4%
Go——No par
Simonds Saw & Steel.,*.!-,——No par
700
34%
333/4
*88
24%
16%
4
47
1,600
54
34%.
■V-
20
54
16 Va
6%
1,800
Dec 11
Dec 16
$
Jan
23
Pep
Feb 18
Feb .10
Dec 26
7,
*
>35,600
104
20%
54
Silver King
24
29%
*233/4
18
103%
105
105
24%
15%
43 Va
.
.
20
87
4%
*43%
42%
42%
42 3/8
423/a
16%
24%
4%
-6%
43 Va
,16%
17
•
16%
16%
16%
16%
16 %
43%
100
56
,*33%
88
*24
47
*43%
47
*43%
Simmons
19%
343/4
...
4,100
*54%
56
87;/,
-
4%
4
4%
43/8
34-
35%,
92
30%
'
105%
104
30 %
!*
'82
81%
22
35%
Highest
t per share
■
33% Jan " 6
May 19
Dec 27
«•;.
,
America——!!_1
Coalition Mines5
2,700
3,100
Sheraton Corp of-
53/4
17%
163/4
.
Union
Shell
10,800
6%
5%
44
*42
17%
17
105
*20 %
106 "
107%
*20%
*56
-
33
6%
31%
30
44
*42
17%
.
31%
32%
77-
5%
5%
500
conv
5%
x6%
7
,
31%
32%
*42
18%
17%
6%
5%
44
44%
*43
;
18%
17%
31%
33
33
333/4
V
.
j
3,100
12%
33%
323/4
33%
35%
14%
123/4
* per share
common__:.No par - .18 '
pref series A—No par
70
Shattuck (Frank G)———No par
14%
Sheafter (W A) Pen Co.;
—1
11%
1
143/4
*Per share
Par
v
Lowest
a
Highest
sharpe & Dohme
*
Year 1946
Range for Year 1947
>
Lowest
{••
$3.50
14
'12%
6
76
*73
,
200
15
15
15
7
343/4
76
*71%
76
*71%
76
15%
*12%
;V
22%
22%
22%
*22%
14
15%
14
*723/8
76
*72%
15%
*12 %
22%
*22%
23
*22%
22%
22%
;.
/ \
EXCHANGE'
:l;<"
Range for Previous
/,
;:NEW'YORK STOCK
1
Friday
Thursday
Wednesday
Jan. 13
•
■
t per share
•
SALE
HIGH
Tuesday
Monday
Saturday
RECORD
STOCK
YORK
NEW
Monday, January 19, 1948
FINANCIAL CHRONICLE
&
6
17% Oct 14
,
.
79
106%
24
May
Jan
Apr
71% Apr
26% Jan
11% Nov
U
*
11%
11%
11%
50
50
50 Va
51
51
51
11%
11%
ll3/a
11%
11%
32%
32
32%
31 Va
32%
*113/8
32%
99%
*91%
88%
■*
*33
96
88%
99.
108
100 %
108
96
*91%
88%
87%
25 3/8
26%
163
160 Va
160%
101
253/8
*161%
*99
100
110
*108
.
*99%
100%
26
33%
33
For footnotes see page
33%
24
99
99%
*11
31%
98%
108
"108
96
*90
*86
88
24%
158%
*100
33%
Union
Bag & Paper—*—!—_No par
v
8,700
Union
Carbide
32
32
32 Va
99%
98%
99%
109
108
108
*90
96
4,200
400
*108
109
*91%
108
V
11%
96
*90
96
90
<fe Carbon
_No par
Un El Co of Mo pfd $4.50 ser„No par
Preferred
$3.70
series!
No par
23
68% Feb
Sep
15% Jan
7
25
49
9% May 17
25% May 19
12
Nov
37% Oct
16
23
Jan
88
Sep
111
Jun
12
—No par
Corp
Union Asbestos & Rubber'Co—5
♦11
15 % July
43% May 19
1
(The)—!—
Dec
4
15
110% July 11
Dec
29
115
91Va Dec
15
106% Sep
.' 89% Jan
105
Mar 31
'
*86%
25%
87%
87%
87%
24 Va
25%
243%
25
*87%
24%
88
243/4
100
6,200
160%
156%
156%
155%
156%
155
158
1,800
1007/a
100
100
100%
34%
100%
35
100
100
400
34
-
34
34%
33%
34
2,100
80% May
■*>
23%
;
39
Apr
May
V" 125
Apr
115% Jan
30
106
Feb
111
Oct
66
Deo
107%
Jun
20%
Nov
No par
85
Dec
31
104
Jun
6
——_25
20
Apr
14
27
Dec
23
Union PaciUc RR Co common—100
120
Apr
15
164% Dec
31
110
Oct
May
168% Feb
977/B Nov
14
111
' Feb
28
102%
Oct
120% Mar
Preferred
$3.50
series:
Union Oil of California
'4%
Union
non-cum
Tank
preferred*—
Car
100
„No par
30
May 21
OOa/.
Dak
1A
32
Sep
29
42%
Jan
Number 4665 v":»;■>
Volume 167
THE
.
COMMERCIAL & FINANCIAL CHRONICLE
NEW
low
Saturday
Monday
Jan.10
I
S
25
24%
106
25%
106
16%
«■•■'
78%
'
106
17%
22
21
21
15%
*14%
33%
32%
33%:
32
31
31
4%
4%
43
21
14%
*14 V
32%
*30%
33
4
*52%
4. ;•
42%
6%
*6%
2%
43
*6%
70
*68
19
19
19
19%
18%
18%
19
39
39.
39
39
39%
39%
39%
*68
,
*68
70
56 %
55%
56%
55%
21%
21%
21%
21%
*21%
22
16%
15%
16%
15%
16
20%
20%
19%
20%
96
97
20%
*17%
20%
96
".
18
*17%
*103
105
175
174
14%
*
14%
r
105%
14%
70%
74
74
*70%
40%
41%
x39%
39%
8%
8%
8%
x7 %
7%
•
••-
*70%
34%
34%
34
35
20%
20%
20
20%
9%
*
9%
45%
•
45,%
50
93
*89
43%
*134
43%
69%
77%
340%
19%
140Va
19%
40%
*5%
43%
137 %
139
40%
40%
5%
*5%
5%
9%
9%
*94
19%
•:••"•'
*39'/a
•/'..':7%
5%
9%
9%
/.'••V 9%
97%
97%
5%
*94
*33%
98
5%
5%
V
*33%
*17'A
17%
*17%
18
4%
4%
4%
*22
164'%
*161
13%
5
22%
70
13%
*17%
*161
5%
22%
165
*161
13 Va
13%
13%
64
63
63
*63
r,
3%V#
cum
pfd
i.
300
,
5%
9Va
5Va
/■
■
kJ-
106
Jan
28
20% Oct
18
13
Not
11
93
•
Sep
132
Dec
196% Mar 29
Deo
X205
13% Dec
31
29
33% Jan
6
26
94
Feb
15
13
13%
el
13
1
13%
;
8%
•-
v
120
4
% %
22
24% Oct
24
22
10
Dec
92
25%
Aug
Dec
11% July
60% May
84
Apr
39% Deo
Not
Sep
36%
Dec
30
9
19
2
5 *
103% July 24
60 Va Feb 11
5
165
Feb
'.-•
106
Oct
80
Apr
Not
187
Feb
144
51% July 28
40% Oct
Feb
28
x72
80
Dec
23
65
Mar 27
142
133
150
Dec 26
xl7% Nov 26
Dec
5
8
84'/a
Feb
Sep
89
Feb
Oct
Va
97%
Feb
Deo
166
Feb
Feb
19
20% Not
29 %
Jan
48% Feb
21
47
55%
Jun
9%
Jan
20%
Apr
23
31
38
Jan
Sep
48% Not
100
,
11
81
8 Va Oct
Not
Jan
13
Jan
13
12V4 Feb
21
96% Dec
30
109% Jun
18
2
5% Dec
5
10% Jan
30
7
Sep
11% July
_50
x33% Dec
30
52
Feb
17
41
Sep
54
May 17
22
2d pfd—5;
No par
__
_
Jan
22
l
non-c
16
1
'
20
Inc
Dec
163% Dec
19
Feb
Sep
7%
7
10
23% Dec
26
4»A
Oct
100% Not
•
100
Jan
128
July
11
192
Mar
18 "A
Deo
27 %
Feb
8
Deo
22
Apr
7
187
May
13 Va Dec
26
29 Va Feb
3
25
Not
56 % Dec
•
1
com
preierred
'
10
11 VA Feb
4 Va May 20
;
_100
_
Pictures Co
Jan
13%
59
Feb
Jan
May
13%
44
35
39
*•
62
Sep
Sep
61% May 19
25.
preferred
conv
Dec
63A
25
73
15
38% May 17
67
Feb
Apr 10
46% Oct 20
May 19
46 Va Dec
No par
Inc common
preferred
Universal
4,500
61
5
/
Feb
May
Sep
47% Apr
98% Aug
Sep
37% Not
22
23% May 19
Universal Laboratories Inc—
—1
Universal Leaf Tobacco new_.No par,
300 "
■'
cum
9% Oct
39% Nov
40% Dec
<•'' Universal-Cvclops Steel Corp
100
•.'.,
165
6i
4Vo
2,300
-f
35
_50
29%
90
53% Feb
9% Dec
100
Nov
187%
26
127% Dec
Wall Paper
101
12
Dec
5% May 19
20
preferred
conv
United
'■■•■:•
:
5
22
*160
$6
Aug
107% Feb
10
United Stores $4.20
2,400 1.
•
17%
'22
United
;
.3,400
22
Jan
32% May
100% July
May 19
10
preferred
Stockyards Corp
Apr
66
Oct
16'A Jan
non-cum
30%
105% Aug
21% Feb
Oct
1
Tobacco Co com——
7 Vo
53% Aug
Oct
71 Va Dec
Smelting Ref & Min com—50
U S
,100
.
35
*17%
165 -V-;/
61
„
Oct
37 '
Corp common.....No par
Preferred
—A-*—
100
90
Deo
15%
3
series A
34%
12%
1st preferred—100
non-cum
2
17
25% Jan
Rubber Co common
12% Nov
19% Feb
—No par
common
71% Mar
233A Oct 20
171
—_5
Preferred
•1,700
..
A
2
14
41%
18%
6
123/4 May 19
U S Steel
2,600
■:•••■' -.5
<
U S
400
r
*5%
17%
xl3
'i
100.
*333/4
S
8%
19%
93A
'.
U
1,600
.
class
conv
Deo
Jan
59% July 25
14
Dec
Jan
56% July
16% Aug
43 % Jan
May 17
86
Playing Card Co
__lo
Plywood Corp common.———.
S
600
40
*94
■
'
5%
Corp
preferred
Pipe A; Foundry
S
U
21,500
140
*5%
V8
21%
*161
13%
■"*61
&
Lines Co
U S
6,600
..?
70
19
53/4
5
165
U
300
3,200
76
-;'•' *39
35' v. y
21%
62 Va
13%
"
64
v
9
*17%
5%
*213/4
'
5%
5%
17%
5'A
S
*
;45%..i
.;•■,
139
100 ••</•:
-
*33%
22'A
22 %
165
5Va
Machine
8%
Apr
Sep
7%
19% Oct
6
.100
_
4 % Ve
1,300
• -
'
93A
35
U
1,600
92
•
'Partic
8,500
51
75%
r.
19
*94
Hoffman
_
95
89
-
Oct
44
10
24 % Jan
20
preferred
100
Industrial Chemicals—No par
S Leather Co common.
No par
U
700
'
:
9
*45%
,
;>:'•
39%.: ;40Va
9%
<
44% -44%
*89
140
15
Oct
15% May 19
91
Dec
1
4%%
—
1,500
/
19%
51
76%
*5%.
100
/•
5%
36
;>-•
preferred
Jan
May
17%
Deo
3%
53% Mar 27
10% Feb
40
Oct
78
12% May 17
U S
'7%
9
' •'■;:•
A—
2,200
35%
19%
45%
75 Ve
40%
53A
S
Jan
Jan
64y«
Oct
6%
31
8
20
_No par
common..
23%
8
10
5
44% Jan
——No par..
Co
24
Jan
4% Jan
11 % May 20
No par
preferred
Freight Co
Gypsum
7Vo
U
1,700
74
39%
•/>:: *34
...71
19
5%
S
40
v
14%
-
140
19%
9%
J;
5%
22%
13%
139'/a
U
U S
•
,*70
138aA
600
1,600
174
Foreign Securities
$4.50
70
173A
45
: •
-43%
"43%
135,.,. ; /*135 > > 136%.,
45%
71
76%
97
99
30 Va/, %>// 30/, •.,;,30%„>v,,:,;
43 Va
45
.
U
83
65 Va Dec
5
8,900
&
119
Nov
5
Dec
33
S
37%
Deo
19%
31
5% Dec
United Electric Coal Cos
4,700
•■>•*70%
92
135
41
100
—
8
1,700
19%
•38%
Va
2% Dec
Dec
8% Feb
29
'
•
.
•••.
52
*89
75%
40%
17%
*63
43%
5%
'
36
4%
.
136 Va
19%
*33%
*21%
c
Preferred
101
1
33% Nov
10
Dec
4,600
1,000
9.
30
•
19%
*39 Va
36
*161
*69
140
V
3% Dec
1
8,600
174
44%
*50
30%
44
70
140'A
52
136%
763/8
9
20
35
26% Jan 15
5
common
16%
:'.i7 3/4
20
44 Va
92
43
■
44%
70
40%
5%
17%
19%
preference
Dyewcod Corp
United
55
'
98
*33%
19 Va
*89
75%
19%
9%
34'A
30
30%
44
74
24 % Nov
1
common
21%
14'/a
40%
9
10
50
United Engineering & Foundry
.5
United Fruit Co
No par
United Gas Improvement Co
13%
United Merch & Mfrs Inc com
1
*95%..
",:•
•
7 Va ■/ .7
34
34
*50
49
92
70
19%
5%
39 Va
9%
42 Va
44%
140
*70 Va
7%
34'A
.
•
14%
19%
77%
76%
74
40
$3
1
Corp
19%
V
5
18% Sep
I per share
16% Nov
2
28% Jun
convertible preferred—100
15%
•
Sep
28% Apr
120% Apr
39 Va
54'/a
176
7%
.•/
137%
43%
•
14%
United
110
8
26
Dec
Highest
fper share
20
24
19%
.
99% :'••/■•:<•■-97%'
*172%
44%,
49
136
*69%
••>'
14%
32,800
25 % Dec
10
No par
*21%
,
17%;,
17%
*98 Va
.
*9%
30
•:,•••
96
44%
*89
43%
69%
20
9%
31%
44
19'/a
96
:
,
44%
92%
42%
15%
44%
„
31
"•136
21 %
15%
9 Va
*90
43%
137
21%
40
20
50
50
.
31%
77%
*92
45%
55%
..*70%
34
19%
9% "
45
51
31%
'
*9 Ve
*32%
54%
•
69
39 %
176
14%
74
42%
8%
*67%
19%
101%
*172%
42
»
200
39%
17%
101 %
14%
69
1,100
6%
19%
19%
$3.50
43%
39 Ve
Corp
—
$ per share
15% Dec
No par
& Carton
Dec
Lowest
75
United-Carr Fastener Corp___No par
•: 2%
18'%
Board
United Carbon Co
102
10
100
United Cig-Whelan Stores com__30c
*42%
6'/a
*67%
97
*17
176
14%
14%
19%
104
6 Va
United
;
1
16% May 19
100
common
preferred
i. 100
2%
>
Inc
Biscuit Co
~.c—_
*6%
43 '•
42%
preferred
Lines
cumulative
Year 1948
Highest
tper share
_5
7,700
4
56
2%
Air
United
1,800
:
convertible
4%%
600
:
33
3%
15%
•'.; ,*95%
17%
102
*172%
174
'
*52%
22
55'/a
97
17%
18
V 105
*174
*95%
*30 %
-
55%
15%
*95%
'V
4
56'
5%
United
*
1,100
14%
32 ;
19%
39%
*21%
16%
56%.
14%
31%
2%
70
55%
20%
"
6%
70
20%
3%
43
■
.1,000
32 V
*52 %
2%
42%
6%
:.
13,700
.32
Range for Year 1947
Lowest
United Aircraft Corp common
700
16%
79
14%,,'
31%
*31
4
106%
16%
79
'
Range for Previous
STOCK
Par
27,400
20%
>13%
56
2%
*42%
*6%
3%
*52 %
■
56
2 %
26%
106%
V
" •"
YORK
EXCHANGE
Shares
79,.
-'16%
20%
14%
*31%
32
107
16%
*76
21%
31%
2%
70
,
25
v
NEW
the Week
S per share
'25%
>106%
v
14'/a
42%
6%
24%
16%
,
31%
*30%
5o
2%
43
21
RECORD
Sales for
" Friday
->• Jan. 16
■,)
-
t per share
106%,
16%
77%, .79
V 4%
*55
:<
2%
*6%
14%
"•
4
56
2%
106%
16%
79
21
33%
*30'/a
Jan.15
25%
16
*14%
*55
24%
106
'
share
per
79
77% ,79
STOCK
STOCKS
i*
•Thursday
.
14
$
25%
YORK
PRICES
'" Jan.
~
share
24%
106%
...16 %
SALE
Wednesday
Jan. 13
t per
26
*106
16%
78%
*21
'
share
per
HIGH
Tuesday
.,
Jan.12
per share
and
(267)
30
01 Va Feb
13
77 Va
Deo
200%
Apr
49%
Jan
101
Apr
Feb
V
*14%
15%
*14%
15%
*14%
15
*14%
15
*14%
41%
41%
41%
14%
14
14%
14%
14%
14%
14%
14%
41%
41%
39 %
40'/4
40%
13 %
13%
13%
13%
13%
27'/a
14%
15
14%
27%
27%
27%
4i%-;
14%
15%
14%
*27
x
*14
41
92
88
*45%
;.r 27%
*86%
92
*86%
92
*86%
92
92
*86%
*86%'
*88
92
*88
92
*88
92
*88
47
45%
45%
*87%
89%
*87%
89%
*87
95
*87%
95
9%
9%
♦105
105
105
"
15%
•111
15%
20
37
*87%
9y8
;
*104
15%
-111%
112%
20
,*36%
112%
'*19
*36%
45%
*>n
20
•33%
34%
34%
*33%
"S.
92
44
44
32%
*31%
•*32%
34
111
19
34%
x33
33
,
111%
32%
33%
SALE
32%
f
•-36%
/ *31%
.32%
32%
*31%
32%
Jan. 14.
-
1 per share
•.
260
$5
Va
310
36%
100
32%
1,200
•i*31%
preferred
Iron
Coal
Thursday
Jan.15
t per share
pfd
58%
Apr
6!/a
12% May 19
20% Jan
2
15%
26%
26% Dec
39
Feb
6
Sep
Oct
6
7
•
30
100
84
Nov 25
94% Feb 20
83Va Oct
85V4 Nov 19
94
Jan 13
50% Nov 22
104% May 14
35% May 19
85
Dec 31
5a
100
Dec
95
18
97y»Oct
5Ve May 19
69
May 19
^
.14*
-112
Vulcan Detinning Co common
1% cumulative preferred
25
34'A Dec
25
1 per share
.
Sales for
Friday
*
■
•;
Ian.16
share
per
NEW
the Week
YORK
Feb
36%
53
May
108% Aug
Sep
Dec
—
—
5%
Dec
63% Sep
23
—
*
—
—
12%
—
Dec
—
Jan
99% July
—
117%
5
—
—
123Va
Apr
—
—
10
45
Feb
21
40
Dec
53
31% Dec 24
\
40
Jan
17
Jan
Feb
17
37
Sep
32% Nov
45 V*
38
52
Apr
33 V2 Nov
21
—
—
—
—
33% Oct
31
—
—
—
—
5
31
Oct
10
20
30
Dec
29
20;.
30
Aug 21
-
July
Range for Previous
STOCK
■/%%,;;%•
Range for Year 1947
EXCHANGE
Year 1946
Lowest
Shares
.
Apr
115
100
21
Feb
Jun
May
91% Nov
Nov 19
16% Oct
121
%
51%
113
10% Nov 19
Nov 29
25
~io
"32%.
Nov
100%: 107% Dec 24
& Coke 4 Vo
Virginian Ry Co common
6% preferred—
Visking Corp (The)
4*31% C-32%
-
Apr
35
common
preferred
200
34
25%
24
Feb
STOCKS
Wednesday
Jan.13
share
•
.-*33 •-••'«
n-
9,800
19%
•
Oct
Dec
22
11
100 v
preferred
cumulative
PRICES
Tuesday
per
•32%
<*.31%
32%''
*31%
HIGH
.-•;
'/•*!«%
15%
46
14Va Dec
3%% preferred 2nd series
100
Va-Carolina Chemical com
No par
6% div partic preferred
100
Virginia Elec & Pwr Co com—No par,',
500
111
31%: •32%%.
32%
*31 %
3%%
2,800
16%
non-cum
Victor Chemical Works
400
120
9%
.-111
19%-"<*• :••••'
37
&
5%
13y4 May 17
2.50
Vicks Shreve & Pacific Ry com
105
•
% 15%
'.?»•
111
*ie%
*36
Jan.12
t per share
*110
19%
37
Monday
Jan. 10
•15% /•':
15%
*36
*32%
,,
32%
AND
15%
Vick Chemical Co—
1
39
15
30y8Mayl7
2.50
1,400
••■
17% Nov
187/a Feb
10
Co
Vertientes-Camaguey Sugar Co
95
9%
*102
Corp of America__No par
5,200
43%
*87
9%
104
v
*18%
:
32 %
32%
34
j
"
%
33%
33
*31%
LOW
Saturday
112
36
32%
*33%
15 V*
104
Raaltc Co Inc
89% •89%
••;"
95
,;o 9%
.
105
Norman
Van
92
43 %
-•
<
89%
*87
9%
i.
f
*88
"
92
•\
Van
900
-
26%
*86%
Vanadium
1,600
13%
25%
.
'-•■
:
•1,600
.41
13 Va
-,H
27
92
-*88%
95
9%
105
15%*;,
19
88%..
*87
9'A
.*35%
34 y*
*31%
88%
105
y *5 % :
31V*
*33%
*32%
*44%
88%
95
9%
9%
106
15%
*44%--•45%;.
27
'
*87
41
.13%
28
27% '
15%
16%
% .141/4, /v 14%
f per share
Pat.
Highest
S per share
Lowest
t per share
Highest
$ per share
W
*65%
66%
*65'A
67
15%
15%
*15%
16
V
653/a
65%
15%
-
15%
*64
66 v
-
15%
•
31
y *14 3A
31 Va
*31
313/4
31%
31%
31%
313/a
100%
100%
100%
*100%
20%
20%
*20%
21%
20%
20%
20 Va
9Va
9 Va
9%
9%
9%
9 Va
12
*90
91
10
12%
31%
102
*101
11%
12
11%
11%
90
90
883A
90
'
12%
12%
12%
12 3/a
30%
29
24
22 3/4
23%
117
20%
20%
19
118%
1133/4
119%
114
114
20%
20 Va
19
5%
30
30
5%
*47%
5%
5%
21
5%
48
46
85
23%
24
"
*110
*108
42%
*103
*108
117%
107
107%
*110%
105
111%'
42
42%
105%
7%
*7 Va
43%
44%
433A
*110%
42
.
105% •!
7 Ve
43
Va
ll'/a
30%
35%
10%
23
108%
110
42
103 %
31%
32%
28%
y 29%
20
20%
19%
20
37%
37 Va
373/a
37
31 Va
29 Va
29%
29%
29%
28 3A
29%
43%
43%
89%
*90
*100%
93
43%
88%
*86
93
*92
973/a
31%
89
92
101%
100%
45%
41%
43%
*91
92%
92
*27
28%
*86
100%
*45
22%
22%
*27 Va
22%
*100%
71
19%
19 Va
36%
363/4
37'%
28 3/4
*92
91%
97%
*30 Va
43
90
89%
92
*88
*92
93%
'.,.28 3/a
89
89
91
91
90%
90 3A
28%
273A
273A
27 Va
27%
22%
12%
413%
*87
*1007/a
41%
.
90
*87
102
417/a
*100%
'
•
.
90
90%
■«
42%
'
4,900
90
90%
'
>
160
>
1,900
*91%
93%
30%
283A
283/4
10%
10 3/a
10%
*91
92%
-
'■".
,
*90%
92%
*28
.
300
29%:/ '
10%
10%
9%
Sep
16%
Sep
43 Va July
Sep
89 Va
34 Va Jan
2
29
45
Apr
16
108
Sep
119
Aug
121 % Jan
14
115
Jan
122%
Feb
14
106
Sep
113% Oct
117%
Aug
117 Va Mar 11
116V4 Aug 19
Oct
27
10 Va Jan
4
38% May 19
76 V2 Jan
6
Dec
105
47
;
113
26
3
65
Dec
5
111V4
57
5% %
{
$5
9
10
14
42 V* Feb
18
27
Mar 29
71
90
<%
9
29
Ry
100
Prior
-
Wilcox
preferred
Co
35
90 Va
Jun
Apr
Jan
May
Sep
13%
Sep
32%
Jan
Sep
Oct
56 Va
Jun
101
Jan
Apr
18%
Oct
53%
Jan
26%
Oct
41%
Jun
21 Va
Nov
39%
Jan
91
Dec
95
Deo
24
Nov 17
55
May 14
39
May
82 % Dec
63% Jun
43% Dec 31
31
100
62 % Mar 27
99
No par
31
May 19
90
Dec
May
2
8
98
Nov
76
Dec
29
63
Aug
72
103
Feb
13
100
Oct
106
53 Va Oct
21
36 Va
Nov
101% Mar 31
90 Va
Nov
102 Va July 18
107%
62 Va
Jan
Jan
Jan
May
107 % July
20
26% May 19
34
Feb
7
27 Va
Feb
44
1
(The S S)_
Machine
preferred
Oil
Jan
30
26
No par
com
prior pref
Sewing
conv
Dec
Aug 20
12.50
100
com
preferred
White Dental Mfg
Motor Co
White
105
53 Va
116 Va
106% July 21
No par
L Erie
conv
White
$4
4,900
Dec
94% Dec
"
119% May
'
No par
preferred
conv
88
100
Jan
5%
9 Va Dec
"
Sep
7% Deo
32% Dec
4
May 16
9% May 17
26% Dec
Sep
32% Nov
14
Jan
5% May 19
32 % May 19
100
100
B—
Apr
Aug
26
112% Jan
100
A
series
Feb
31%
30
19% May 19
29% Feb
8
21%
Nov
44
1
9% May. 19
17% Feb
1
11 Vi
Nov
23% July
90
Feb
3
81%
Sep
-34
Feb
13
30
12% Dec
20
•
{
-
series
Wheeling Steel Corp
1,900
■
"
pfd
Jan
Dec
"
pfd
cum
47%
85 Va
29
100
Sep
Sep
4
10
A
29%
31
7
103% Dec
100
34%
21
106 % Dec
com,.—No par
35'A Mar
Sep
Oct
Feb
1
pfd_
RR
Deo
20
52% Nov
90
21% May 19
105
No par
:
25 Va
4
100
Common
$3.75
Jan
112 % Nov
100
2nd
series
cum
Wheeling
40
"•
*29
610
"
12%
30%
10 3%
;;
90
23% Aug
50
12% Jan
11
16
A—No par
Weston Elec Instrument
Westvaco Chlorine Prod—
w
~
22%
*29
Feb
100
Pacific
3.80%
1,900
12
30%
10%
3%%
Oct
Nov
20%
8
18
41
83% May 22
;_1
22
26% Feb
24
22
*29
5% Dec
■
31
12Va
30%
Dec/30
r
22% May 19
22 3/a
*29
Sep 30
—12%
f
500
.
102
28
20
30
•
Jan
23% Feb
17% May 20
•,
17
100
16%
22
.
22
42
*27%
27
19% Dec 29
;_5
26% Sep
22%
93%
26
37% Jan
*
Supply Co
Maryland Ry com—
non-cum
:123'/b Dec
38 V* Oct
1,000
18% July
107 7/a Feb
29
7
May 19
*12 3/a
12%
7
130% Dec
*11% Mar
100
Sep
21
17
12%
22%
12%
*91%
18% Feb
36% Nov
27 V* May 19
22%
22%
12%
93%
106% Mar
No par
28%
12%
13
Westinghouse Air Brake
Westinghouse Electric com
*27%
*91%
Jun
19% Feb
Western Union Teleg class A_No
par
22,000
'
12%
10%
"
97%
89
Oct
20 Va
4,400
*
93 Va
•
89
92
11%
28 Va
*92
'".v: 97%
•:
:
29%
Oct
4.600
;
42
93%
HVa
19%
.37Va
Nov
9'A
5
-5
Auto
Preferred
•
41%
90
4%
23 %
3
29
No par
Western Air Lines Inc
Western
900
30% / 31
102
r
2,300
72
19%
423A
12%
11%
(.Western
2,500
313A
41 %
For footnotes see page 24
21,200
-
42%
*91%
11
-
*30%
*100%
'
10%
500
31% V
43 Va
89%
'
32%
31%
-
1
",. 20
7-
13% Feb
Dec
No par
com
preferred
Western
97%
.
2,200
105
July 17
24% Jan
May 14
12
1
:
West Penn Power AVzVe pfd
West Va Pulp & Paper com
4 % %
preferred
4,700
97%
43
'
»
'
97%
102
22%
;
.-V;
109
88 % Dec
21
5
'Electric class
preferred
6V0
50
150
.
No par
Indies Sugar Corp_.
-
36%
;
28% '28 34
93%
42
.
42%
-
•"
Mar
11
11
1948—
i.
Penn
42%
•
9,
preferred
7Vo
41%
*70
/:
;
105%
•30%
727/a
193A
28%
43%
90
70
:
111
Dec
*17% May 14
7% May 19
10% Dec 24
1948—
26,
Tobacco Inc
conv
7'A
*31
Feb
Wesson Oil & Snowdr
7%
•"•;10%
29%
36%
31%
43%
."
10Va
32
v
19%
93%
98
■■:•,•
called
pfd
Jan.
West
107»
41%
v
called
West
60
109%
*104
73/a
69
r!
32
43%
41%
31%
28%
-
69
107
V * 109
43%
4,900
116
-
--••■
pfd
Waukesha Motor Co
$4
'
Apr
100
30
Petroleum Corp new com__3
Webster
r
450
Apr
_5
Knitting Mills
Wayne Pump Co
1,900
Jun
54
No par
^Wayne
110
116
105
* *7
293A
20%
*89
41%
*103%
■
33
:37 Va
1
V*
28%
20 Va
98
107"
110
10%
70
923A
*106
7%". ;>
*108
116%
109
105
IV*
110
-
-
Feb
23%
Dec
100
Pictures
•Washington Gas Light Co
■
700
700
23 Va
*115:
103A
30 3/4
*31%
5%
23%
%
*108
10%
69
94
5%
47.
103A
29
98
;
853/4
41%
'
32
700
47
42%
72
94
■*'•
85%
43
\
29%
"
86
Oct
33 Va
-1
common
preferred
Bros
3% %
200
■'
■
5%%
3%%
i
840
'
293A
•
Bep
15%
36% Feb
No par
Co
ee
18
17% Jan 25
29% Apr
No par
Warren Foundry & Pipe
3,600
203/4
85%.
110
*
r
7%
*
*20%
5%
;
960
18 3A
47%"
,110
.
*
20%
85%
43
'
122'/a
47
118
160
203A
27
*107%
111%
31
98
47
.-Ward Baking
•
75% Feb
16
13% Apr 21
—100
(Hiram) O & W
Warren
23%
*108
*69%
*30%
5%
1,300
*18%
293A
5%
"
Walker
57 / Apr
100i
No par
No par
-
Walworth Co
<
29,200
120
•••
preferred
common
preferred.
1,200
122%
•:
20'A
*116%
117%
*30
1
20%
43%
*68
'
*29%
32
34%
21
29%
10%
11%
33%
i
120%'
18% V18%
4%
6,400
245/8
85%
'
10 Va
115%
x20%
-
Co
*
;Warner
120
4%%
"
.
16,500
> 400
23%
108
105
120
"
Walgreen
293/4.,-
85
42%
*103%
7%
44
*46
Va
110
117
*7Va
•!
109%
117
107
■
111%
*42
•
5%
47%
85
24 >/8
'■
24
115%
20%
29%
85 Va
109%
115
*20
30
24
106
24%
183/4
47%
117
23 3/a
213/a
85 Va
106
'
23 V*
18%
5%
"
12 3A
12%
*283/4
20%
30
88%
12 3/a
29%
183A
85%
*107%
89%
113/4
12%
20%
*20 3/a
V
11%
;
RR
Waldorf System.
90
9%
29%
115
103
21%
12%
114
47%
*115
*88%
'
Wabash
1,000
?: 800
;
•:
29 Va
114
313A
88%
11%
'
24%
85%
•24
11%
20 3A
21
21
100
'15
9%
11%
*18%
19
21
30%
30%
183A
213/4
*21
10
89%
22%
113%
117
-
'
<
*100%
20%
*9%
*
31
*■
12%
29
23%
119
"-•'•*
•
y
66
-15
101
203/a
V
*64%
:
*283/4
29 yA
24%
119
101
20%
9%
11%
12%
31%
23%
122
101%
*873A
*30%
*120
i
.*64
15%
31%
12
66.
15%
100%
v
com
No par
.20
5
84
July 31
29 V.\ May 13
5% May 17
.
5%
May
Jan
105
July
Nov
36
May
Oct
,12%
Jan
23
24
COMMERCIAL
THE
(268)
Monday, January 19, 1948
CHRONICLE
& FINANCIAL
NEW YORK STOCK RECORD
AND
LOW
Jan. 10
Jan
8 per share
9
9%
14%
*87%
*19
89
19
*181/2
17
17%
19%
17-V4
17 Va
17%
..
8% '
8%
...
Willys-Overland
'
*87%
6,500
$4.25
preferred
No par
__
88 y8 Dec
30
♦125
138
X138
18%
17
17%
*125
138
18%
18%
17%
10,100
-
138
Wilson-Jones Co
1,300
17%
18%
,
6%
10
138
*125
Wisconsin
El
10
preferred
32%
31%
31%
31
31%.
31%
31%
46
46%
45%
46%
45%
46%
46%
47%
46
46%
61%
62V4
60%
61
60
601/4
60
60
59%
60
80
80
*79
80%
300
Prior
pfd 4%%
series
86%
*85
86%
40
Prior
pfd 4%%
conv
series—100
64
64
70
x66
66
Wright Aeronautical
Wrigley (Wm) Jr (Del)
63%
80%
*79
80%
79
79
79
*86
87%
86
86
85
*31%
79
87
86
85
60
*59
66%
*84%
62
61
60%
671/a
66%
66%
10
10
10
10%
10%
10%
10%
10%
*66
66%
'
Woodward
(F W)
Co
"
500
Wvandotte
'3,200
4
34
Feb
52
1
43%
Sep
62% May
13
47
74
94% Apr
Feb
Sep
Sep
100
Apr
20
87% Sep
103
May
Feb
8
Dec
69% Oct
106
75
Dec
12
83
Dec
12
100
No par
53
Dec
29
80
Nov
28
70% Mar
100
Mfg Co
25
33% Aug 28
45
Jan
3
1
10% May 19
16% Feb
11
373/4 Dec
50 % Mar 31
33%
33%
33
33
32
32
1,600
Yale
12%
12%
12%
12%
13%,
12%
123/4
3,100
York
42%
42 y4
*42%
43%
43
42%
42%
700
'18 3/4
18%
*18%
19%
18%
18%
18%
19
1,000
753/4
74>/a
75
73%
74%
73%
74%
6,100
Youngstown Sheet & Tube-—No
18'%
18
18
17%
173/4
173/4
18
1,200
Youngstown Steel Door
21%
22
4,600
Zenith
Radio
5%
6
5,800
Zonite
Products
19%
76%
76%
75
76%
75
18
18%
18 '/a
18
'
'
■
6
8
33%
*17%
75 Vi
62
12%
*i9y4
84%
3
5
33%
Towne
common
preferred
cum
.
No par
13'A
4 % %
May
Dec
Feb
333/4
*42
Jun
53
13
19
160
68% Feb
33%
423/4
Mar
35
13%
Corp
142
May 19
33Vi
&
21
Co
Worsted
Feb
21%
Oct
15%
19
Nov
145% May 19
May 19
13%
-
17
Nov
19
22
Oct
31% Dec 27
*33%
19
——
48
9%
42
July
43
9%
'
101
28
10
9%
433/s
Sep
—.
10
(Del)
9%
*42%
95%
•<
•'
No par
(new)
Co-
Worthington P & M
1,700
"
Iron
Woolworth
900
14,300
<
66%
66%
*65%
,
32
60
♦59
62
61
60
*66
July
Jan
99
27
135
100
32
*79
21
9
20
Jun
15% Dec
16
Co "Reg Way"-l0
Pwr
46%
%
26%
Sep
17
'
18% •-
171/4
17
32
32
*62
10
Jan
Nov
12%
11
64% Oct 24
10% May 19
Highest
8 per share
8 per share
Oct 23
13% Feb
6% May 17
61% Sep
No par
♦125
138
8 per share
No par
138
♦125
Lowest
Highest
8 per share
1
1
com
Wilson & Co Inc com
200
90
*87'/s
90
Motors
$4.50 conv pfd series A
400
14%
14%
Range for Year 1947
Lowest
Par
5,200
57%
14%
57
14
STOCK
YORK
EXCHANGE
Shares
*56%
57
87%
87%
18%
89
19 %
Vi
the Week
8 per share
8%
8%
,
14%
14%
14%
,
57
*561%
57
*87%
89
*19
8%
8%
8%
*55'/a
14%
9
8 per share
NEW
Salea for
Jan. 16
Jan.15
8 per share
share
8%
57%
14%
15
*87%
46
8 per
Range for Previous
Year 1940
STOCKS
Friday
Thursday
-
Jan. 14
Jan. 13
12
share
per
*55%
*
57%
15
17
t
9
♦56
Tuesday
Monday
Saturday
PRICES
Wednesday 1
SALE
HIGH
50
Young Spring & Wire
—No par
18% Feb
May 17
24
33
Feb
,
82%
Oct
Apr
25%
Deo
Jun
61% July
27%
Jan
Oct
35%
Jan
13% NOV
— —
—.
23
23% Oct
14% May 19
13 y*
10
Aug
15%
53% May 17
83
Oct
20
67%
Sep
83% May
—No par
15
May 17
21% Feb
21
J#
Nov
31
Jan
—No par
14% May 19
5% Jun
B
19%
Deo
42%
Jan
10% Jan
Bep
14%
Apr
par
'
/
.)
V
'
•
'
7/*j
.
f.
'
22;
223/4
6%
5%
6%
♦Bid
21%
21%
213/4
5%
5%
5%
5%
Hn receivership,
sales on this day.
r.o
22
21%
6%
asked prices;
and
22%
5%
23
223/8
z
.
5%
nNew stock,
Deferred delivery.
a
'
r Cash sale,
s
Corp
1
Corp
Special sales,
25
7
9
-
x Ex-dividends,
wd When distributed,
July
31
Ex-rights.
y
Transactions at the New York Stock Exchange
Transactions at the New York Curb Exchange
Daily, Weekly and Yearly
Daily, Weekly and Yearly
united States
Total
Bank
Government
Bond
Bonds
Bonds
Bonds
Sales
Bonds
Shares
Week Ended Jan. 16, 1948
Int'l
Foreign
Railroad
and MiaceL
Stocks,
Nuviber of
380,430
995,720
949,910
823,700
783,900
761,310
$1,394,000
$110,000
4,096,000
360,500
3,903,200
4,268,000
316,000
4,694,970
$29,817,300
$1,590,000
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
Total
16,000
4,000
225,000
171,000
4,737,000
153,000
1948
$161,000
$39,000
Bond Record
1947
3,550,800
1,538,560
2,436,355
$1,222,000
$968,000
$2,867,000
$2,737,000
161,000
227,000
168,000
.-349,000
39,COO
13,000
127,000
27,000
$1,422,000
$1,208,000
$3,162,000
$3,133,000
Foreign government
Foreign corporate.
69,371,600
Total.
$72,317,100
New York Stock Exchange
«»
FRIDAY
"and interest"—except for Income and
are
to Jan. 16
1,127,865
Domestic
$63,161,500,
Jan. 1
1948
1947
Bonds
2,851,000
58,507,300
$26,110,000
$32,350,300
Total
week,
$1,222,000
1948
$94,000
3 233,200
24,725,500
29,817,300
Railroad k Industrial
the
1,127,865
Week Ended Jan. 16
1,257,000
1,363,500
1,590,000
Foreign
NOTICE—Prices
133,000
12,187,290
$164,000
$21,000
912,000
International Bank
$1,422,000
108,000
1947
10,197^236'
Bonds
U. S. Government
174,000
244,000
180,610
3,000
Stocks—No. of shares-
$31,000
366,000
8,000
165.000
Jan. 1 to Jan. 16
1947
5,737,280
4,694,970
Stocks—No. of shares-
306.000
9,000
1.000
356,000
204,445
11,000
1,000
291.000
187,305
7,000
4,000
209,000
206.000
Total-
Week Ended Jan. 16
$22,000
231,305
238.000
$32,350,300
$31,000
$912,000
Total
$94,000
$93,000
Tuesday
3,586,500
Foreign
Corporate
$1,000
118.200
Monday
13,552,100
171,000
181,500
400,000
Dom.e»tie
Wednesday.
Thursday
Friday
4.300,200
5,000
222,000
3,180,000
12,976,100
Bonds (Par Value)
Foreign
Government
.
Saturday
4,664,500
$192,000
1940
of
Shares)
Week Ended Jan. 16,1948
$1,510,000
$6,000
„
Stocka
(Number
WEEKLY
-
defaulted bonds.
YEARLY
-
Cash and deferred delivery sales
disregarded in the week's
are
range,
the onlv transactions of
the range for the year.
unless they are
and when outside of the regular weekly range are shown in a footnote in the week in which they occur.
No account is taken of such sales in computing
•Interest
month when
bonds mature.
italic letters in the column headed "Tr,t'arocf Period" indicate in each case the ——**- —«--- the •- — -»
*—-
1
The
Figures after decimal point represent one
LOW
Saturday
Jan.10
Low
♦103.27
♦105.28
High
"f
Low
-
High
82d of
more
Thursday
Jan. 14
,
Low
> Jan.15
point.
Low
High
High
;
Friday
8 ales tor
Jan. 16
Low
High
the Week
NEW
YORK
103.28
♦103.25
103.28
*103.26
103.29
*103.25
103.28
Treasury
3%s
105.26
*105.22
105.26
*105.24
105.28
*105.24
105.28
Treasury
3b
107.9
*106.24
107
2%s
100.11
*100.9
100.11
♦104.19
104.23
107
*106.16
107.24
105.30
*107.4
107.12
♦107.7
*100.10
100.12
*100.9
♦104.18
104.22
*106.28
107.4
*106.28
107.4
Treasury
*100.9
100.11
*100.9
100.10
Lowest
104.22
*104.20
104.24
Treasury
106.24
*106.16
106.24
Treasury
1956-1959
108.16 Dec
104.26
*106.28
107.4
*107.12
107.14
♦107.4
107.12
*107
107.8
*106.20
106.28
*106.20
106.28
*106.16
106.24
Treasury
2%s
108.4
*107.24
108
♦107.20
107.28
*107 >16
107.24
*107.16
107.24
*107.12
107.20
Treasury
2%s
1960-1965
*101.3
101.5
*101.2
101.4
*101.2
101.4
*101.2
101.4
*102.20
102.22
♦102.21
102.24
*102.20
102.23
♦103.12
103.14
♦103.10
103.14
*103.8
' 103.12
»103?8
103.12
♦103.5
103.7
*103.7
103.9
*103.5
103.7
*103.7
103.9
*103.9
*102.30
103
*102.31
106.13
112.6
Feb
3
112.21 Aug
115.26
Jan
102.6
Feb
4
102.11
Deo
102.12
Dee
107.5
Deo
109.22 Feb
113.12 Aug
115.23 Apr
106.13 July 24
1958-1963
*108.2
110.3
22
2%s
♦104.22
106.22
4
July 24
July 24
2%s
104.26
*106.20
21
111.23 Sep
101.8
*104.24
•
'*106.27
.
*
,
*101.2
101.4
*101.2
101.4
*102.21
102.24
*102.21
102.24
Treasury
Treasury
2%s
2%s
103.14
*103.10
103.14
Treasury
2%s
*103.9
103.11
Treasury
2%s
*102.25
102.27
*102.31
103.1
*102.27
102.29
103.1
Treasury
*101.8
101.10
♦101.8
101.10
*101.8
101.10
*101.8
101.10
*101.8
101.10
*101.8
101.10
Treasury
♦101
101.2
*101
101.2
*101
101.2
*101
101.2 J
*101
101.2
*101
101.2
Treasury
2%s
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
Treasury 2%s
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24 100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
Treasury
*100.16
100.18
*100.16
100.18
*100.16
100.18
*100.16
100.18
*100.16
100.18
*100.16
100.18
♦100.8
100.10
100.10
100.10
*100.8
100.10
*100.8
100.10
*100.8
100.10
*100.8
100.10
101.2
*101
101.2
*101.1
101.3
*101.2
101.4
*101
101.3
100.8
*100.8
100.10
100.9
100.9
*100.8
103.14
*103.10
101.2
*101
100.8
-r
100.10
Nor
114.8
May 14
118.15 Mar
104.12
Feb~21
104.12
Feb~21
106
111.18 Feb
113.3
Nor
118.23
Feb
1940
2%s
2%s
*101
113.3
May 14
1952-1954
*102.31
24
1950-1952
103.11
103.1
108.16 Dec
24
Jun
114.8
1949-1953
*103.10
102&O 102.23
Highest
Feb
108.21 Feb
106.6
1948-1951
1951-1954
Lowest
Highest
104.25 Sep 30
106.4
Dec 26
1949-1952
1951-1955
1955-1960
^Treasury 2%s
*104.20
*106.16
t
Year 1946
Range For Year 1947
8TOCK
EXCHANGE
♦105.23
105.28
Range for Previous
GOVERNMENT BONDS
Bonds (I)
*103.25
103.29
♦105.24
•
a
PRICES
Wednesday
,
High
♦103.26
100.13
SALE
;
Jan. 13
103.29
♦106.28 106.30
♦100.11
Jan. 12;:
Low
HIGH
AND
Tuesday
Monday
or
Apr
106
" Apr
106.16 May
105.29 Aug
Jun
1956-1958
107.15 Jan
107.5
Jan
108.4
108.4
Jun
1962-1967
104.24 July 14
104.24 July 14
105.22 May
1963-1968
104.14 Sep
101.27 Dec
2
104.23 Feb
14
104.7
Nov
June 1964-1969
22
104.18 Apr
30
103
Jan
107.27 Apr
107.4
Apr
107.9
Apr
Treasury 2%s
._Dec. 1964- -1969
101.26 Dec
19
104.4
13
102.22 Jan
107.19 Apr
2%s
1965- 1970
.
Jan
101.24 Dec 22
104.10 May
9
102.11, Jan
107.9
12
102.11 Jan
107.10 Apr
9
101.16 Jan
106.15
Apr
101.24 Dec
19
104.15 Apr
Treasury 2%s
-June 1967- 1972
101
12
103.20 Apr
Treasury 2%s
-Sept. 1967- 1972
105.17 Jun
2
105.17 Jun
2
106.28 Apr
109.15 Feb
Treasury
—Dec. 1967- 1972
100.7
24
103.19 Apr
10
101.15 Jan
106.16 Apr
106.15 Aug
Treasury
10,000
1966- •1971
2%s
100.10
100.10
103.16
*103.12
103.16
103.14
*103.10
103.14
*103.10
103.14
Treasury
2y4s
♦102.7
102.9
*102.5
102.7
*102.7
102.9
*102.8
102.10
*102.8
102.10
Treasury
2 Vis
*103.24
103.26
104.1
*103.26
104.2-
*103.24
104
*103.24
104
*103.24
104
Treasury
2Vis
1954- 1956
101.10
♦101.9
101.11
*101.8
101.10
*101.9
101.11
*101.9
*101.8
101.11
*101.8
101.10
Treasury
2 Vis
1956- 1959
100.2
♦100
100.2A
*100
100.2
*100
100.2
*100
*100
100.2
*100
100.2
Treasury 2 Vis
100.2
*100
100.2
*100
100.2
*100
100.2
*100
100.2
*100
*100
100.2
Treasury 2 Vis
*100.5
100.7
*100.5
100.7
*100.5
100.7
*100.4
100.5
*101
101.2
>101
101.2
*101
101.2
*101.6
101.8
*101.6
101.8
*101.5
101.7
Apr
-—1952- 1955
*103.28
Dec
1951- 1953
102.7
-Dec
100.10
100.10
*103.14
*102.5
*103.10
•
v
21,000
2%s
*100.5
100.7
*100.5
100.7
*101.1
101.3
*101
101.2
*101.6
101.8
*101.5
101.17
*101.5
101.7
101.9
*101.8
101.10
*101.7
101.9
*101.9
101.11
*101.10
101.12
*101.9
101.11
*101.7
101.14
101.15
101.13
*101.12
101.14
*101.13
101.15
*101.12
101.14
Treasury 2s
♦101.13
101.15
*101.14
101.16
*101.15
101.17
*101.13
101.16
Treasury
*101.13 101.15
*101.15
101.17
*101.16
101.18
*101.15
101.17
Treasury 2s
Treasury 2s
*101.11
*101.14
101.13
101.16
*101.12
♦101.13
101.2
UTreasury 2s
102.6
100
102.24 May 14
Sep 30
Dec
24
7
•
Sept. 1949-1951
Dec. 1949-1951
March 1950-1952
—
2s
102.12 Apr
101.12 Dec
30
102.4
Sept. 1950-1952
*101.12
101.14
*101.12
101.14
*101.13
101.15
*101.14
101.16
*101.13
*101.14 101.16
101.15
*101.13
101.15
*101.12
101.14
*101.12
101.14
*101.14
101.16
*101.13
101.15
Treasury
*101.8
101.10
*101.8
101.10
*101.10
101.12
♦101.10
101.12
*101.9
101.11
Treasury 2s
June 1952-1954
*101.7
101.9
*101.5
101.7
*101.8
101.10
*101.9
101.11
*101.8
101.10
Deo. 1952-1954
102.28 July 21
♦103
103.8
103.6
*102.30
♦100.9
100.11
101.16
101.9
*102.20 102.22
*100.10 100.12
*100.14
100.16
*100.14 100.16
2s
103.6
*102.28
103.4
*102.28
103.4
*100.9
100.11
♦100.9
100.11
*100.9
100.11
*100.9
100.10
Treasury
l%g
•100.14
100.16
♦100.17
100.19
*100.17
100.19
*100.17
100.19
Treasury
l%s
International
*95.2
95.24
95
•95.2
95.23
95.11
95.4
95.18
•Bid and Asked price; :
No sales
1951-1953
1951-1955
Treasury 2s
Treasury 2s
*102.30
94.16-
94.28
94.16
95
*94.3
94.19
transacted this day.
95.8
94.10
„
94.20
-
94.10
94.14
94.17
273,000
94.14
94.20
94.18
94.20
639,000
11Being:icalled. for redemption. March 18, 1948 at lOO.
104.7
Apr
Deo
102.8
Deo
Jan
103.9
Jan
103.7
Jan
103.22 Feb
101.20 Dec
.
9
May 27
9
12
102.10 Oct
104.3
102.25 Apr
102.20 Oct
104.14 Jan
103.1
Apr
26
103.13 May
103.13 May
103.2
Jan
24
102.14 Not
104.26 Feb
103.4
July 21
102.22 Not
104.29 Feb
102.23 Apr
102.30 Apr 24
101.23 Dec 22
♦101.7
Jan
102.6
July 22
101.15
*101.10 101.12.
101.4
7
102.12 Apr
9
*101.13
*101.14
104.16 Apr
8
Dec. 1948-1950
June 1949-1951
Treasury 2s
Treasury 2s
101.18
*101.16
100.29 Jan
102.24 May
100.13 Nov
105.18 Sep
26
100.13 Nov
108.17 Aug
107.14 Apr
103.9
Dec
104.22 Sep
102.8
101.7
June 1959-1902
-Dec. 1959-1962
.—March 1948-1950
Treasury 2s
*101.11
*101
106.15 Aug
108.17 Aug
1
-
Mar
1953-1955
1948
_
.1950
Bank
9
101.2
>
Jan~29
101.14 May
101.31 Mar
100.26 Oct 20
•
101.8
s
Apr 26
101.3
Sep
102.17 Mar
100.30 Apr
for
Reconstruction A Development'
10-year 2Vis
25-year 3s
a Odd lot transaction,
1957
95
1972
95
r Registered
,
Dec
30
102.00 July 15
Dec
30
103.4
bond transaction.
July 15
Number 4665
167
Volume
COMMERCIAL
THE
YORK
NEW
RANGE
Friday
BONDS
New York
Stock
BOND
Last
or
Period
Sale Prioe
Bid
RECORD
FOR WEEK ENDING JANUARY
&
•
ned
A
Sold
16
New
Year 10*7
Low
No.
High
BONDS
Range for
York
Stock
J-D
10212
101 % 102%
107
20-year extl 6s
1942
External gold 5%s______'
—^.1955
External gold 4%s
__1_
1962
El Salvador (Republic of)—
i.
'
100'A ,114 Va
extl
f
s
3%s extl
extl
3s
$_„
Greek
s
f
s
$
A-O
(Republic)
Credit
20
J
AExternal
Altaly
A
§ AGtd sink fund
AGtd
sink
6s
fund
lAAnttoquia
(Dept)
lAExternal
7s
series
s
f
s
f
7s
j-j
39 Va
40%
1945
40
40
1945
j-j
1945
j.j
1st series
1957
40
A-O
/fEtternarrer s'f• 7s- 2*d series_'jl957
*39 V*
A-O
sec
f 7s 3rd
s
series—1957
External
s
(U
5"'
7
100% 101%
19%'
136
99%
871/4
102
f
89%
&'77/B
89
j-d
87
85%
87
58
84%
J-D
87 %
85%
87%
30
86
<•:
104
F-A
84
84
104
104
87'A
27
US
23
1955
95
831/4
external
8s
104%
J-d
*113%
107%
60%
60%
56
1979
A7s
(Central
3
A*0
1979
A-O
1952
to
A-O
1957
Stamped pursuant to Plan
(Int reduced
J-D
A-O
J-D
47%
48
6
44
61 %
5
55
73%
47
48%
8
43%
63
2
55
73%
7
44
63
4
56
70
61%
61%
47
—
48%
Ry)
to
3.5%)
e62
/'•
e62
1978
J-D
'
47%
A-O
47 Va
*48%
1
50
*57 y4
—
44
60
*57 y»
58
57%
K
3Vis Series No. 5
3Vis Series No. 6
*57%
58
58
;
43
—
5,
Nov
____
to
58
6
55%
65%
fund
4V4S
65%
63 1
v
v;'
59
*56%
•
i
1
A8s
A
60
56%
;:i
f
s
AExtl
,
.
'Int.
fund
A6Vis
'''; A 6s
54%
'"'•i
56%
62%
58%
V;"{J. 1
•
60
•s
A6s
62
55%
55
■:::
63
54%
__
*56%
63
63
AChlnese
•
100
102%
104%
26
104
109 Vi
of
2.25%)
103% 104
30
103%
110%
62%
82
201/2
A 7s
26%
A Rome
Agan
A6%s
21%
A-O
*8%
19
21
20%
27%
191/4
27%
Stamped pursuant to Plan A
28
(Int
1961
18%
20%
20%
21
20%
20%
20%
20%
•w—
20%
—
*20%
1962
A-O
27%
20%
28%
20%
u-s
18%
2
21
U-S
A-O
J-J
A-O
1962
I960
19%
19%
19%
19%
M-S
MS
1951
20%
A-O
18
18
1
20
73
*71
'44
44
•
*40
*40
44
44
of
1914—1949
1949
J-D
-
—
"
-
j-
1
if-a
extended
79s
97%
96%
16
20%
102%
.
—
-
F-A
100% 100%
4
j-d
116% ii6y2
*108% 110
17
J-J
106% 106'/a
1
A-O
K-O
70
page 28.
.
102%
100%
70
.
A 8s
(State)
Paulo
reduced
.,i',:xl
J-D
J-D
/.
23
26%
35
30
%
37%
28
23
31
32
31
39
*24%
.
29
24%
32
34
33
39
27
25
31%
*23%
32
r
',V.
J-D
267/b
27
27%
31%
37
40
27
24
41
44%
68
*25
Jf-N
.2012'I
Qiii >
*25
.193631
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101
external
■)I
Stamped pursuant to Plan A
2.5%)
loan—
_1999
r
-1956
r
Stamped pursuant to Plan A
_2012
(Int icouced to 2% )
IA Secured
s
f 7s
.1940
Stamped pursuant to Plan A
.1978
(Int reduced to 3.5%)
*36
40
34%
64%
44
67
33%
♦41
65
T.CO
o-j-/
*36
M-S
J-J
*33
41
40
*39
J-J
40
56%
35
31
55
60
40
36
33
65
*82
A-O
41
♦35%
A-O
85%
85
91%
A-O
68%
65%
80%
68 Va
For Financial Institutions
FOREIGN
SECURITIES
FIRM TRADING MARKETS
fARL MARKS & pp. Inc.
mNMBHi
116%
107 V2
105 %
115%
115%
75
90%
db'iAimmMMMmHimmmi
wfcuw ssMtsMmsmmsmsmmmsms
FOREIGN SECURITIES SPECIALISTS
50 Broad SL, New York 4, N. Y.
Teletype NY 1-971
Telephone HAnover 2-0050
x
o:
t:-
42
s.iop;
.199901 oJ-sijr
— -195001
2.5%)
reduced
23 %
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104%
111%
104%
106 y8
*106
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32
50
78
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40%
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♦26%
54%
44
18
A-O
34
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'i,". • i '5
53
50
11
—1952
to_—
62%
42
81
A.1951
>
.fi.
90
77
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1953
Stamped assented (int reduced
90
80
M-JV
-
16%
77
Af-N
1977
ser
25%
41%
9
54
1952
A-O
25%
72
44%
A-O
M-JV
1951
35
27
17 y8
72
~»'V
1947
F-A
23
'
—
1946
1927———1947
23%
27
18
2
39%
23 V*
23%
26
7%
73
30
27
17%
.
35%
30
27
17%
8
73
25 ya
'19
—
*18
j-j
A-O
7
—
37
J-D
1970
!--S\
_
20
26%
17%
-
—
23%
17%
18%
Af-N
Af-N
25
30
v—
.2001
27%
20%
41
27
33%
26%
27%
19%
*191/4
33
33
42
19;
A-O
25
31
25Va
18%
j-d
31
33
35
201/4
19 »/4
j-d
33
39%
28%
(Int
20
26
32.
37
Btamped pursuant to Plan A
_2004
(Int reduced to 2.25%)
_1968
A6s extl dollar loan
20
24%
21
38
*26 %
21
j-d
7%
33
*33
A7s extl
j-d
9%
10
Jf-N
27 %
~1
12
21
29%
21%
a-o
27%
^2
7%
27
2004
28'/a
20%
8
16%
11
21%
33
—
F-J
18Vi
!
to
10
—
27
*24
A-O
F-A
181/a
20%
20%
„
*33
^
__
12
—
*26
1953
191/4
21
—
*33
—
A-O
1
1
*9y2
f
—
2001
13
21
M-N
Af-N
'
10
1961
*ny2
J-J
.1967
extl secured s f
Stamped pursuant to Plan A
(Int reduced to 2% )
9
1961
____
see
14%
14%
17
.1952
21
20%
40
.1952
(City of) 6%s_
(City) 8s
Paulo
Stamped pursuant to Plan A
(Int reduced to 2.375%)
20%
*
&
106
-
83
-1967
municipal loan
Stamped pursuant to Plan A
(Id* reduced to 2.25%)
A-O
—1961
debt
102%
101'
99
46
16 V8
Stamped pursuant to Plan A
-2004
(Int reduced to 2.25%)—
27%
.
fund 5%s
Czechoslovakia (Rep of) 8s
"ASinking fund 8s series B
09
105%
—
16%
._1946
1921_i___---;
19
1953
external
104
16%
2012
1
1957
Sinking
105
16 Va
1946
3
1957
A
98%
99
90%
6
16»/8
200fi
8s
20
7s
5s
4
2001
21
1963
4%s
(Rep of)
5
95
16%
J-D
20%
1963
1926
95
93%
99%
*105%
J-J
21
Jan 1961
of
95
105%
105%
89
A-O
1961
U-N
Sep 1961
bonds
92%
-
90
88
t
J-D
1950
1963
A-O
Oct 1961
For footnotes
al04
J-J
4y2s
67® )
.
M-N
1962
loan
to
101
j- j
1961
(Republic of)
4%s
128
104
I960
gold
External
-
101%
104
A-O
j-j
J- j
Copenhagen (City) 5s
Cuba
j-d
1961
JASinking fund 7s
lASinking fund 7s
25-year
104
1962
A8# of 1927—.
3s external s f $
ACosta Rica
103
96
1961
lAColombia Mtge Bank 6V2S
15
96
9
1961
A6s of 1928
•*
5
100%
Jan
(Hukuang Ry) 5s
(Republic of)—
Colombia
101%
Jan
A 7s assented
,
106
US
Stamped pursuant to Plan A
-2012
(Int reduced to 2%)
-1966
A7b external loan of 1926
62%
101
F-A
assented
92%
*
92%
.
.
62
56%
F-A
AGuaranteed sink fund 6s
8
28
a-o
Stamped pursuant to Plan A
—1999
"
(Int reduced to 2.5%)
-1968
Ada external sink fund gold—
64
54%
57%
100
Feb 1961
AChilean Cons Munic 7s
97%
92
(State of)—
I A8s extl loan of
'
101
Feb
assented
33
89%
19
92
*9%
1960
assented
94
92
92
*9l/2
I960
AGuaranteed sink fund 6s
92
J-D
gold 8s
(City of)
Bio Grande do Sul
62 v.'i
100
1942
ASlnking fund 63/is__
.
2
92
*16%
(Int reduced to 2%)
62%.'
F-A
1960
6Vis-—
40%
24%
23
92
I
A-O
1942
Mortgage Bank
A6Vas assented
V
1
92
A-O
——1966
to
reduced
de Janeiro
IA Rio
6i y2
Jf-S
1954
ACblle
,
A-O
F-A
A-O
62
1950
sinking fund 6s
A 6s assented
95%
95%
i'
33%
s34
--
Stamped pursuant to Plan A
1958
AExternal
:
if-a
A-O
63
1957
A 6s assented
«
.
1958
62
54%
20
*56%
--
sinking fund 6s
93
95%
M-n
1957
,
A6s assented
—Sep
AExternal sinking fund 6s
v
•
24
.—1947
7s
62 Va
54 Va
'
*56%
f 6s
24
40%
Stamped pursuant to Plan A
62%
55
—■
63
*56%
—
1961
s
34
24
.1968
loan
assented
■
56%
*56%
assented
*32
—
;y
25%
1
1940
A4%s assented
1
ARy external
/;
33
—
24
93
US
24
33%
1961
ser
55
*56%
sinking fund 6s
39%
•
24
12%
30
22
1S59
1st ser
fis. 2d
f
s
55
63
56%
A6s assented
—
27%
1960
external 7s
extl
stamped pursuant to Plan A
(Int reduced to 2.375%)
AExternal sec 6%s
55%
.
65
*56%
3Vis Series No. 28
AExtl
'-■■i
26%
♦32
22
63
59
*56%
assented
27
MS
15
of)
(Rep
55 Vs
K: *56%
~
3Vis Series No. 27
A 6s
a-o
1956
14
11 y8
„
36
5o Vj
60
*56%
AExternal sinking fund 6s
8
--4
*13
J-J
24%
AExternal sink
63
60
*56%
3%s Series No. 21;
3Vis Series No. 22
3Vis Seiies No. 23
57
55
■1
*56%
;
f 7s
10
__
24%
APorto
83%
1
57
56 y4
s
*8%
11%
10
——
*23 Va
A4%»
83%
78%
57
External
__
US
85
65
—.
80
59
14
(City) 8s
*10
.
15%
6
A
.
2008
AStabUJxatlon
69%
65
56%
(Rep)
__
;
31
AExternal loan 7%s
8 A 7s assented
"7
37
63
lAChile
J-J
18%
8%
mm
*6
*31
56 Va
A Carlsbad
*5
J-J
36%
MS
62% /
4s
12
1947
7s
*56%
of)
II
J-D
'
— —
*
93%
83%
3 Vis
*13
95
63
(Dominion
II
Q-J
J-J
34%
11
--
J-D
66%
28-year
1945
32
'
'
23%
32
15
8
Jf-N
55
Canaaa
21
♦5
45
MS
ref 3%s series B
70
Sinking fund gold 5s
Sinking fund gold 6s
12
29
W-
—
1963
1994
65
72
64%
*75
5s
5%
1967
sec
60
1
34%
36%
9%
•
1970
*65
s
23%
32
32
-
37
Q-J
_1955
s f 5s
sink fund 4%s
*56%
(City)
M-JT
1957
11
3Vis Series No. 29
3Vis Series No. 30
*39%
J-J
1965
10
Brisbane
J-D
1963
external
f
s
Alegre (City of) 8s
Stamped pursuant to Plan A
(Int reduced to 2.375%)
3Vis Series No. 24—
3Vis Series No. 25
3Vis Series No. 26
*5%
-2008
lAPoland (Rep of) gold 6s
A4%s assented
65%
55%
64%
*62%
3Vis Series No. 19
3Vis Series No. 20
*
21
2
29%
29
-
ANat loan
65%
2
60
3Vis Series No. 16
3Vis Series No. 17
}.
28
A-O
.1959
2.125%)
sink fund extl loan
APeru
65%
55%
3Vis Series No. 15
!
19%
*26%
28%
2.125%)-. _2008
f 6%s
s
3Vis Series No. 12
3Vis Series No. 13
.
19
j-j
1942,
ANat loan extl s f 6s
60
*62 Va
;
j-j
j-d
agree_1968
1942,
5,
I'APernambuco (State of)
61
65%
5&%
*60
3Vis Series No. 7
3Vis Series "No. 8
3Vis Series No. 9
18
34
(Republic)—
A Stamped assented 5s
Stamp mod 3y4s ext to
59%
'
3Vis Series No. 2
3Vis Series No. 3
3Vis Series No. 4
3Vis Series No.
31%
1899 £—1945
Stamped pursuant to Plan A
(Int reduced to 2.125%)
(Int reduced to 3.3757®)
1979
External $ bonds of 1944 (Plan B)—
3Vis Series No. 1_
3Vis Series No.
27%
Panama
funding bonds of 1931 due__l951
Stamped pursuant to Plan A
3Vis Series No.
3Vis Series No.
23
27%
Ext
48%
6%
•
Nov
to
reduced
Oslo (City)
Stamped pursuant to Plan A
(Int reduced
21
Af-S
Stamped pursuant to Plan A
3%s
A
375%)
24
22
7s--1957
Municipal Bank extl
;
24
35
19
J-J
4s
60
61%.
—
105
20
1951
Netherlands
(Kingdom)
3%s—
Norway (Kingdom of) 4%s
A
(Int reduced to 3.375%)
AExternal s f 6Vis of 1927
to
External
1978
1957
Stamped pursuant to Plan
to
(Int reduced to
Stamped pursuant to Plan A
(Int reduced to 3.5%)
AExternal s f 6Vis of 1926
100
Stamped pursuant to Plan A
70
iooy.
18%
5,
(Int
116
J-D
15%
74%
19
—1943
Nov
109
1955
of)
•1061/a 107
16%
6
1
100%
,*100
J-J
1071/a
J-J
7
7%
i
.
18%
__1954
1942,
5,
extl 5s of
A Sec external
99%
102
9
78
19%
agree_1963
|
911%
105
j-j
5,
101
1941
7s
S
88%
89
1963
6Vis
6s
f
89%
35
98
—
j-j
agree_1963
A Milan (City of)
6%S——1952
Minas Geraes (State) —
-»oee
external s f 6%s
-1958
109%
41
F-A
j-d
*7%
78
—
U-H
1977
6%s
Nov
dAss'td
103
--
*6%
1952
(US)
Ass'td
45
98
;
lATreasury 6s of 1913 assent—1933
45 \rr
18%
31
1949
„
Belgium external
lABrazil
•f
•
1967
33/8s
s
98
48
14
,
1977
to 3 %
1%
of) 7s_:——
(State Mtge Bk)
Ass'td to
•
40%
95%
101
J-J
40%
40y4
93
*103%
A-O
1942, agree_1968
lAAssenting 4s of 1910
——1945
45
1966
20-year 3 Vis
20-year 3Vis
External
21
53%
86
■
1977
7s
Ass'td
45
42
mm'
'
1942,. agree_1963
AAssenting 4s of 1904
1954
45
24
■
for
lAAssenting 5s of 1899
45%
26%
41
'
Utility—
Ass'td to Nov.
46
25
1957
10-year 3Vis
m-vear
5
l-3s
iA4%s assented
fAMexico
■»
"40 V2
J-D
25 %
40%
*39 Vi
A-O
Antwerp (City) external 5s
1958
Australia (Commonw'lth) 5s of '25-1955
10-year 3Vis
1956
A
18
.
'
62
39%
*
1947
(Colombia)
79
105%
101%
Irrigation—
81
61
89%
j-j
*
AExternal
65
92%
*85
1949
B
f 7s series
s
65
65
<
m-a
C_
series
lAExternal
-•
D
7s
lAExternal
AExternal
19C8
coll 7s A
f
s
*71
F-A
A-O
iy4b
4s
5s
B
Mexican
1947
6s
Akershus (King of Norway)
J-J
M-S
1960
3%.
to
Medellin
Agricultural Mtge Bank (Colombia)—
'
—
-1968
(Kingdom
Jugoslavia
75%
63
,
extl s f
1%
Credit Institute
1-1693
102%
15
42
*15
100 %
81%
49%
Consortium
Works
Italian- Public
81%
*40
—I960
§A7s series
80
JS
.-1964
Public
Foreign Govt. A Municipal
80
High
83%
16
,
Low
56
89
*46
part
Italian
NY
86 %
%,/ ■'
-
Italian
Broadway, New York
86%
J-J
paid_—
part paid
Helsingfors (City) ext 6%s_„_.
Wertheim & Co.
Year 1947
No.
92%
F-4
(Republic of) 7s
1967
Republic extl 7s~-—„1949
f
Range for
8old
60
Irish Free State extl
120
90%
♦58
A 6s
Teletype
91%
J-J
$
s
Bonds
High
„„Jan 1, 1976
f
Government—
A7s
Foreign Securities
REctor 2-2300
Friday's
—Jan 1,1976
Jan 1, 1976
AEstonia
French
Members New York Stock Exchange
or
Bid A Asked
j_j
,
4s
T elephone
Sale Friee
Low
Issue—
1980
Last
Period
V
SADenmark
Corporate Stock
Week's Range
Interest
Exchange
High
New York City
3%
(269)
Friday
Bonds
Friday's
Low
Tranrit Unification
CHRONICLE
Week's Range
Interest
Exchange
& FINANCIAL
ee
Dili
-
.
JiX-*-
25
26
(270)
COMMERCIAL &
THE
YORK
NEW
FOR WEEK
RANGE
New
Interest
Last
Period
Sale Prloe
Stock Exchange
York
or
A 7s
series B
Agilesia
sec
extl
1962
.
M- N.
7s__
7'A
M-N
;1962
7 'At
__1958
1958
J-D
8ydney County Council 3%s—.—1957
jAUruguay (Republic) extl 8s—1946
7 'A
\
J-J
A4%s assented
—
AExternal
sink
fund
6s—
AExternal
sink
fund
6s
bonds
($
—1964
of
1937)
readjustment
External conversion—,,
"7%
;
M-N
26
121
M-N
.
,'..'101'A
,
—19b9
—-1979
M-N
■ll'
82%
80
83
,
:
■'
•
3%-4V8-41,sffs extl
—1978
conv
4-414-4"/as extl readjustment¬ —1978
's extl readjustment—
—1984
Provinces
Warsaw
(City)
7s__
J-D
1952
—
76
F-A
76
A-O
91%
90
Chicago & Eastern.ill RR—.
4
100
93
*26%
10
4
102
35%
■
—1958
F-A
—-j
16
*7%
**
*'
—T
'
F-A
7
'
«...
7
RAILROAD AND INDUSTRIAL
Adams
Express coll tr cold 4s
AAdriatic Electric Co 7s
1948
1952
Alabama
Great'Southern
3'As
;1967
Alabama
Power
3'/2s
1972
1st
mtge
Albany St Susquehanna RR 4(43—1975
Alleghany Si Western 1st gtd 4s—1998
Allls-Chalmers Mfg 2s debs :
Amer & Foreign Pow deb 5s
American Telephone &
:
*100 A
Jf-S
A-O
M-N
100 A
*100% 104
J-J
A-O
100
105 Va
1
"TOO
••*82
5
.%
100
92
1956'
M-S
2030
M-a
:S
2%s
debentures
debentures
2%s
debentures
2%s
conv
1980
F-A
A-O
—1986
debentures
__1961
;
2%s debentures
2%s
igsp.
_
debentures
ig87
—
2%s conv debentures—-i-——1957
Amer Tobacco Co deb 3s
,•
—1962
3s
t.
debentures
1969
Ann Arbor 1st
gold 4s
A P W Products Co 5s
Atchison
Topeka
General 4s
Stamped
&
1st
87 '/2
J-D
92%
J-D
94%
108 'A
108%
A-O
102
A-O
101 M,
108%
A-O
2nd
July 1952
4'/2s A—
Atlantic & Danville Ry 1st 4s
„1964
116%
84%
95'4
•.
5
v
91
82%
95%
95
117'4
-116
107%
75
lsi
mtge
and
,
5c/c
l%
Rel &
and
B
ser
M-N
M-S
101% 101%
104
104%
J-D
100
J-J
1966
(4%
contingent
1st
132
118
105%
119%
2
100
73
104%
101
100
101 %
31
4s
M
G
29%
12
19%
3
19%
*98
30'4
84*4
86%
42
79%
86
A-O
89'4
89'4
90%
27
82'4
89 Va
60%
62%
75
60%
60%
62
60
60%
60
6
A
ser
Ref
4s
(3'/as %
Toledo
Bangor
1980
mtge 5% ser A
1%% cont int)
1980
ij:___„i.i.___2019
w
ref
M 4s
D_
ser
1985
ai Aroostook RR—
Con
ref
4s
1951
stamped
Beech
Creek
1951
Extension
1st
-
51%
73%
49
M-N
84
22
51%
.83%
Cons
mtge
2%s
ser
2%s
ser
J
1961
I
mtge
60
35
-ser
53
78%
97
33
70%
76%
1994
Alnc mtge 4'/2s
ser
J-J
81%
82
90
90%
89%
91
11
J-J
J-J
78
cons
89
98%
M-N
95%
89
97
118
July 1970
M-S
.*__
M-N
,
95
J-J
80
M-N
53'4
96
103%
<•
§ A 1st
&
coll
Bush Terminal
F-A
Consolidated
_1957
1934
i952
1st 4s
5s
M-N
A-O
53'4
55%
50
93
93'%
95
96%
6
:
59%
62'-
41
62
41%
41%
31
44
*101%
J-J
A-O
,
5
80
*—
i962
A-O
gold
Guaranteed
gold
gold
Guaranteed
A-O
__1970
Southern
&
43/4s
1955
J-D
41/2s
1956
4%s
—1951
102
4,
104
55%
25
Ohio
El
Co—5
& ref
1st
1st
2%s
mtge-.
M-S
J-J
._1948
94%
Crucible
5
1st
Steel
109%
1
111%
119%
3
110%
7
106
112%
77
91
107
2
0 co
110
,-94%
95'4
108
1
62
A-O
A Ref &
gen 5s series C
_1959
AChatt Div pur money gold 4s—1951
§AMobile Div 1st gold 5s
1946
Central Illinois Light 3'/2s
.—1966
1987
A-O
62
2
11
63%
100
78
-
101
1974
79
102%
28
39
8%
7%
8'4
7%
31
55'%
17%
7
106%
101'%
103%
104%
110%
'
•
:-,:T
'
"
110%
r.
114
101%
V;
53
•_).",
»105
109%
-108 %
99%
—';•
M-S
93 'A
•
98
102
99'/«•
M-S
J-J
-M-N
*__
101
95%
103%
101'%
54
-
J-D
IT; ;y,37
8,1 »A
12"
33%
10
52'A
•«.
c
^
32
44%
34%
A';?.'".
86%
46
34%
36%
nevz
35%.35%
J-D '
63%
49'A
''jC-J*rr'
38%
81
33%
*35'%
104
98% 1017A
38
38
106%
98%
-v"-
•
J-J
101%
97
93
•
i 103%
92%
59
98
*52
JD
"94
30
■
99%
*—
-
36
'
102%
•98%
'•
7
108
104%
■
94'%
97%
f
M-N
'■
19
05%: <96 Mr.
96
it-i
108%
105%
102%
»
A-O
'
»•.—-—.1965
M-N
19
66%
14%
27
108
38%
38
37
96
96
'"v1—
♦100
J-D
extended—:19b3
2%s
M 5s ser C
ref
mtge due
45%
94%
95
104%
97
-
103%
103%
__
100'A 100'A
1973
—4
-
_—
•
Coll
lst
•
.10 :
95%
105
99
.
99
89%
28
M-N
81'%
1993
M-N
60
77
9
93
'60
5.
*'
90
58%
42%
.
4-6s*._4-_'--i.—May 1
3s,__^~
tr
Power, &. Light
1st mtge
t«
:
1%
;
-
ser
A_ (3%
Income
Salt
mtge
fixed
(3%
109%
44
785
25%
41
37
42
928
24%
40
34%
38
64
24
37
-'
109%
83%
82%
83%
14
78
89%
Apr
55%
54
56%
76
38%
59%
69
69
2
106%
17
101%
.y
•
int)_:
^_1993
J-J
3%s series G---^—1966
1970
I-^^—---1982
1st lien gold 4s 1995
M-S
103'/a 103 %
J-L
M-S
96 4:
4%s—-—1961
Det Tol As Ironton RR
ser Bc-1976
Dow Chehaicai 2JJ5s» deb&^i;4
19«7
t § ADuLSoo. Shore.& AtL gold 5s-_-_1937
M-N
-."iit:
99
99
*83
M-S'
J-J
97%
J-J
39%
•"
99%'*
-
87
'
.*.
'
97'A,. 57% .V
-39 Mr
39%':
109%
TOO
62 %
1.
v-
50 %
*57%
.J-D
Second., gold 4s-_»—
Detroit, Term fe^Tunnei
71
109
95
96%V,'.';;44y;4
714
96
J-D
73%
66
108'/s 108,
i'-T
■
■"
71
63
110%
95
23)
94 %
81
19
94 'A
101%*
15
30%
-38%
98 Va
'TOO 'A
36%
36%
>-4
'
•62%
J-J
1
2%s series
Detroit St Mackinac
A
•
4
49
T»^4, .100
"4^ "
•
J-D
.201S
contingent
& ref
,
.' •*
—
Lake—'
v.- Gen & ref 3s series H
Gen
101
101
A-O
•
1993
fixed
contingent int)
As
61%
Grande West RR—
contingent int)—-—;
mtge ser A (4%%
Denver
1973
"'59%
60
2042
1977
mtge & coll tr 3y8s—
Denver St Rio
'*4
division
Essex
&
Delaware
17 »4
42%
T07
15
24'4
A-O
100%
100'4 100%
25
F-A
103%
102% 103'4
39
102
(4%% to Aug 1 1949)
1974
fACentral RR Si Banking Co
5s stamp (partial redemption)—1942
F-A
•'97%
Champion Paper Si Fibre deb 3s—1968
J-J
Duquesne. Light Co
2%s—sj——1977
10
97%
107
Ed El HI
(NY) 1st
Elgin Joliet &
33
-
98%
33'%
17
98 y*
2
39
5
•
108
East Tenn Va St Ga Div 1st 5s
97%
99%
99'/2
105%
A
97%
F-A" \
33
98
gtd gold 4S-1949
.
63%
100'A
1
%
'106% 107 'A
''
debs
A Income
67%
43%
33%
.44%
—
101% 102'%
A-O
As Hudson 4s
1%;
32
42
J-J
1987
T017/8
81
41'4
*15'4
A-O
J-J
106%
g
h
A-O
As Co
Morris
106;
61
65%
*50
J-J
53'A
.
105%
65
/
107%
27
V
97'A
101'% 101%
F-A
_1946W,
Alncome
*7%
~7%
52
'
114%
40%
J-D
1987
_1987
%'-
109
100
D
Detroit Edison
1959
99% A;
J-J
1—1946
deposit rctsi
B
104%
29
'
"
99
-53
F-A
'3s. debs
ADeposit,. receipt? ---—
A7%s ser A deposit rets
119%
J-D
ARef
101'A 102%
499
F-A
mtge
receipts
^—4*—ACuba RR 1st 5s gold—w—
1952
ser
108%
98%
33
'~P$.
105% 106
101%
104
103%
•:
ADeposit
A 6s
104
102%
"
8
41'4
109%
-A;
93%'
106
4
M-N
1
,__1965
3'/bs__L_—1966
A Cuba Northern Ry; 1st 5'%s_—1942
Continental" Baking
-
113%
108
65
28.
'102%
28
•
—
*—
A-O
Power 1st- mtge
120%
;
Nov 1945
■101'A
97
107'% 107%
M-S
M-N
page
96%
84
-1-
y.
80% "7
59%
.
103%
112% 112%
107%
F-A
see
e: ,
'101
loey*
111'4 111%
1945
For footnotes
85
104'%"' ;
,'K
D__——-1972
- 2 %s__ 1975
ref 3S series
&
108%
109% 109%
112%
§ AConsol gold 5s
series
85
104
A-O
Cii'il--1972
ser
111%
i74%
ref
2
J-D
4
*63
3s
64%
A-O
24
J-D J
Power
65%
F-A
a-__—_1982
• ser-
113
101'4
1st ref
64%
y.
42
103%
100
&
93
82%
mtge.'2%s ser'B_-Ti.:i'_T_1977
ref mtge 2%s
«Se
99%
101
1st
98%
65%;
•
97
•
,
York—
31
*99
Central Pacific
"2'
61
Delaware, Lack 8f West RR Co—N Y Lack & Western div
■ '
F-A
4s
■'
'71%
97
M-N
3y4S_c_—1965
Cigar-Corp
Delaware
A-O
A4s registered
Central New York
98%
80
„
69%
J-J
__il977
mtge 3s series >L-_u.—I
107.
i960
AGeneral
*82%.
M-N
1st extl 4s_r____—1955
106
-1965
JACentral of N J gen gold 5s
A5s registered—.
r.i
J-J
Ry & L 1st & ref 4'%s______1951
River Pwr -s f 3%s A_^_^.__1961
1st & ref
1st
'
1981
5'/2s series B
99
88CV
%
44' 70%
5105%-.__
1st extl gold
Sou
99'A
Celotex Corp 3'As debs
Si gen
105'A'
76
M-S
72
87
.104
mtge gtd 4s
Celanese Corp 3s debs
/
113'A;
97%
80°,4
4s_'_1948
107%
103%
105
Carthage & Adirondack Ry—
1st gold 4s
107%
Ry—
109 »4 109'4
109'4
F-A
Pac Ry 4% deb stk
perpetual
Carolina Ciinchfield & Ohio 4s
11965
Branch U P
••••
*73 V
4
J-D
(stamped modified)_1^_____1980
Gas & Elec .3'%s debs—1971
Consumers.
96
1
100% 101%
F-A
{Central of Georgia Ry—
§ A 1st mtge 5s
1.
"
97
J-D
1972
112'4112'%
'101 '4
J-J
1969
Can
''ACent
105'/2
J-J
,r -
C__-—T_,—1977
mtge 4'%s series
ISt St
1957
1st
92 %
98
—
Co—
5%s series-A__
Consolidated
66
92
5
*99% 100%
Guaranteed
34 '/a
34%
60
»_J95%
J-D
A-O
Deere
J-D
5s
107%
98%
3'As__J_1970
91%
98%
—^
91
M-N
gold
108%
'
__
90'4
105% 105%
1974
Guaranteed
•
98%
&
96%
90
T-
96%
1976
Oct
991
107'A
A-O
Conn
101
102
Canada Southern
5s
99
-
J-D
106%
-
101%
100%
91
97 3 s
& H V
104
96%
42
—
California Elec Power 1st 3s
Calif Oregon Power 3'As
gold
F-A
1948
1950
4'%s__^-^1961
1st gtd
Dayton Pr & Lt 1st mtge 2%s
1975
Dayton*Union Ry 3%s series B___1965
Guaranteed
:
4.5
95
95%
F-A
4s_.___1990
1970
Consolidated Edison of New
75%
•'..'
34
*93'%
A-O
1955
gtd 5s A
Canadian National Ry—
• Guaranteed gold 4'/2s
.99
6
16
6
"103%
24%
-
mtge 5s series B—4—^——.1973
Conn
98%
——
80
*102'4
J-J
I960
cons
>
107%
i 24%
.r •
A-O
-
4
100% 101V
103
102y8 102%"
v
M-N
1991
Union Terminals
..
Bush Term Bldgs 5s gtd
85
101%
i.
A-O
-
-
44
103 '•"
'101'A
at
5s
-.",.75
-
% 1-
102%
A-O
-
-
mtge
1st
*26%
M-S
(interest
'7
"M-S
A-O
100%
100%
92%
78%
F-A
1950
May 1 1947) due
{Burlington Cedar Rap & Nor—
10
103% 103%
Columbus
103%
3
100
*—
M-N
modified
93%
78
4
1st 4s
gtd
Commonwealth Edison
91%
*101
A-O
_1954
to
76'%
100
96%
ii
:
v"'
1977
tr gold
4^4
J-J
-
3'%s gtd_4,ii_^U;
Columbus & Tol
22
96%
1969
3%
75'A
75%;
V
• ;
-r'— '
„
86%--
M-S
129
10
97%
96%
Gen mtge 2%s
.1976
Buffalo Niagara El 1st mtge 2%s„1975
Buffalo Rochester & Pgh Ry—
Stamped
:
«
105
100
v'-v
86%
Columbus
100
"I
95%
97%
1960
Bklyn Union Gas 4s debentures
100
y.
J-Jr..
>
5s__1952>'
E—:
3%s
4'%s
-
(Ernesto) Co 7s——
Bkiyn Union El 1st gold 5s—;
'
.
•
J?.yjtjf-
y
v
>
10
;
102
Columbia
25
96%
1987
A Breda
192 >
;;
•
•';>
C
1st
•
83
8
119% 119%
J-J
1955
A
1st coll
103
v
100
--:;T
4
27'%
•
73
72%
*100
i
J-J
^1993
Mich.Div
&
*100
;
4
72%
-
——
.
J-J
1993
Short Line
Colorado
M-N
il9Sl
mtge 4s series RR
J-D
1st
.
1st
12%
: 1^4
72%
J-D
4s4_%1952
conv
D
Cleve
Boston & Maine RR—
4%s series JJ
v"" 89%, 90%
67%
4 2'A
341
"
-
Sferies
59
84
1970
1st mtge 5s series AC
1st mtge 5s series II
90%
J-J
F_u—__:)-1963 r
Gi_a.__3^_^_1963
impt 4 %s. series
L Div
St
84%
t
77
,•
1976
.
347
101% 102%
.
'60%
39
1.048
71%
96'A
91%
78%
5
1
15'A.-16%
,
J-D
1st
75
A-O
Cons
r
15 Va
Apr
1994
Cleveland. Elec Ilium 3s
A-O
1st mtge
Wab
73%
52
222
72%
70
49%
J-J
L1951
Beneficial Indus Loan 2%s debs
Bethlehem Steel Corp—
Apr
>
^w__w___2019
Series
J-D
May
Telephone of Pa 5s series C—1960
3'/2s
66'A'
v."
101%
J-J
2%s ser G^—
Cin
';■>
4s
M-N
♦
mtge gtd 33/as series E_—^_1969
'
•
612
69 Va
Union Terminal—
Cleveland
;
101%
69%
:
M-S
-
i960
ref 4'As series-
<fc
74
.
Va
division
83%
97%
63'A
5s.series
1st
Cincinnati
60'A
11
97%
gold
—
A
181
"y 63%
64
'
Cleveland & Pittshurgh RR—
Feb 1 2010
West
series
fxd &
lien &
1st
&
65
99%"
i
27/&s
mtge
&
GenerrJ
fixed
due Dec.l 1995
S'western div
Bell
54
118
M-S
Pgn Lake Erie
64%
61
2.%^4.y4—
Ref
61
contingent interest)
88%
49
97%
i__i:T_j.'__4___1944
w
General
J-D
income
66
198
.
97 M»
Cleve Cin Chic & St Louis Ry—
M-S
J
48
57%
61 %
1974 • ;"
City Ice & Fuel 2%s debs_i__4—_1966
City Investing Qd 4s debSj-__^___-1961
84'4
due Mar 1 200o
conv
69%
55%
98
{AChoctaw Okla & &GuIf
103%
A-O
due Mar 11996
Series
105%
99'A
17
68
A-O
-
series Ai_^«____1952
4%s
ser-A
1st mtge
M—
-
100% 101%
-
^__1934
3 VaSr. series
1st
K
A4'As
45%
99
55%
J-J
_1988
deposits
Dilil4__l^I962
ItAChilds-Co dffo 5s. part paidLl-^1943
5 ADehentures- 5s part paid—>-^-1957
fixed
(2%%
32
68
89%
4s
1st
41
97
Series
3%%
88
87
38
89'/a
ref. M- -2.%-4'A
&
1st
111'4
417%
96%
Series
and
41
89%
Chic & West'n Indiana
107%
28
r
due Dec 11993
Ref & gen mtge 6%
66%
Apr
Chicago Union^-Station—
gen mtge 5% (2% fixed
'
3% contingent interest) —
Series
49
J-J
i
of
gold
4'%s
; Income
x
v:107
98
29
19%
J-J
int)-July 1975
8
-
Memphis Div 1st, gold 4s_J__w__^1951
Chic Terre Halite &,S'eastern Ry—
98%
115'4
25
106% 107%
J -J
July 1975
56»/a
56%
-
__i.__
1st mtge
1948
A
ser
45
'
Chicago St L &,New Orleans 5s„„1951
Gold 31%s^___i._^__„^
,1951- ?
B
4s
21
~
106%
81
M
Gen
& Ohio RR—•
mtge
60
!__1989
;_L.
4.4%s (exTnterest).:
.
105'%
99
100
1st
112%
100'4
39
88
5 A Secured
Cincinnati
1st
56
100%
-
Apr
Cine Gas As Elec 1st mtge 2%s—^1975
Baltimore
76
Ry— ;
4'%s__Jan l 1999
AConv gold.4'%6^.
.
102'4
105%
10,125
:
101%
4s
ACertificates
IA Refunding
119%
88%
.
mortgage 4s
Atlantic Refining 2%s debs
30
55%
Apr
Jan 1 2044
3s ser B
mtge
AGeneral
100'%
101
670
114
M-N
1948
Second
140
90
60
J-J
..1994
B"„_L
inc
mtge«conv
1st
103'4
Nov
unified
4s ser A
ser
88%
71
118%
RR—
conv
inc
44%..-
25
80
118%
82%
J-J
mtge 4'%s inc ser A-_Jan 12019
103%
28
-
101% 102
-I995
88
91%
29
101% 102%
)
101%'
100
1.1995
Ry-—
1963
Pac
"'r
Chicago &• North' Western
55
93
107% 109
*80
Line
mtge
&
4%s
100
97
88'4
87%
92%
J-D
'v:"-
95
102% 103%
103-
Q-J
1st mortgage 3%s
Atlantic Coast 1st cons 4s
General
J -J
A-O
A-O
,July
Air
Paul
Gen
•
94%
July~l~i995
4s
Charlotte
*-_
39%
109 Yi
94%
92% .93%
95
1966
Adjustment gold 4s
Atlanta
;'93'/4
.-1995
_
231
39
*71%
J-J
mtge -4y28_„-i__Jan 1 2038
St
104 r '
100%
90 Va
*88%
& Santa Fe—
;
%
92%
y
5
{Chicago Rock l3id & Pacific "Ry— ;
—1975
-
36
39
J-J
Telegraph Co.—
2%s
"
M-N
J-J
Chic Milw
101'4
31
102'A 102%
92%
J-J
34
85
*102%
102'/a
inc
4
9o%
92
.
.112 4T-15%
112%
*95'/e
1983
104105
103% 104
A-O
«
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107%'
*'
..,T07»'i'v',Tl43/«
'•?
108
A 2d
mtge 4%s inc ser A
2003
"Chicago Ind & Sou 50-year 4s___41956
101A
34
124
M-N
'
COMPANIES
—
*27%
•
132
4'124
',,'4-
J-J
5s_l_1997
Chicago Ind & Louisville Ry—
A 1st mtge 4s inc ser A
17%
5%
8
inc conv
mtge
AGen
;
21%
;
is
"
—1958
—
124
3
4
1st mtge 3%s'.ser;
i.
1985
Chicago & Erie 1st gold 5s___
__1982
Chicago Gt West 1st 4s series A___1988
.
external 7s
A4Vag assented
AGen
4
•:
4
90
84%
10
117
108
,44
100%
85
3
91%
90
90
121 .
143%
100%: 107
101,
4-
"
J-J
28
108
.
F-A
100
83%
33
83%
#
'
J-J
F-A
-
—1979
t:.
4
High 4
11
110% 110%
F-A
4
'
Low
117
.
1st & ref mtge 3'%s.
^^,-1985
1st &; ref mtge 27/8S*._,^,_^_^_»,.i970
U
4
Year 1947
No.
102% 102'%
'J( 1st & ref 4%s series B________1977
*120
;
Range for
Sold
■>
101% 103
J-J
1958
Bonds
High
123% 124
103
•
•»,
J-J
General 4s_y——_
' 130
"
Fridays
Bid A. Asked
M-S
1996
V.:'', ,r 2d consol gold 4s^
1——1989
^Chicago Burlington: Si Quincy RR—
•
A Venetia n
Ref Si impt M 3MaS, series E
R & A Div' 1st cons gold 4s
—
M-N
or
,
F-A
203A
6
87
140
*120
Sale Price
.4
107A
13
10
.Last
Period
Chesapeake & Ohio Ry—
•-■'.
v General
gold 4 '%S
jd ;
1992
•4. Ref & impt mtge 3'%s ' D—1996
10'A
4%
86
Week's Range
—
Interest
4*
High
3
.
York; Stock Exchange
Low
*120
M-N
3
10
19
"85
F-A
.—I960
External
•14
7'A
•7'A
7'A:
,
J-D
3%-4-4 Vis
Low
4/ Y'f. 4
yVTfB ON D S >4:;>
New
•
Year 1947
No.
High
;:4
Range for
Sold
(Kingdom)—
extl
of)
(Prov
RECORD
ENDING JANUARY 16
Friday
Bonds
Friday's
Bid A Asked
Loio
Serbs Croats Si Slovenes
A8s secured external-:
BOND
Mondayr: January 19,1948
Week's Range
Friday
BONDS
*
FINANCIAL CHRONICLE
-
97%
51%
104%
^last
cons
1956
gold 5s—-1995
Ry 3Y4S—1970
1S65
El Paso & S'western 1st 5s
-v
5s
8tamped_-w———^->-iQfi?
M-N
,*110
-114%
110
J-J
*141..-.,.-_
M-S
•102
121,.-
145
*102
'A-O
4-n
..
104% 104%
■*103%>.i'>4".v-:-, )%'•".
195>
r
101%
106%
112%
105% 113
•
;
Volume 167
Number 4665
THE COMMERCIAL & FINANCIAL CHRONICLE
v
YORK
NEW
RANGE
York
Interest
Stock Exchange
Last
Period
Sale Price
'-
Friday
u»
Railroad
Gen
Co—
,
4 %s
inc
mtge
«'l
series
2015
A
■
1st
cons
mtge 3'/4S ser E_^
;18b4
1st
cons
mtge 3'/as ser F_,
--I990
66%
1st
3Vt.s
mtge
cons
2s
mtge
G
ser
H
'
'•
—
88
*80
M-S
98
*82
-I
-M-S
-1971
45
85
66
A-O
1953
3'As
ser
Onto: Div 1st mtge
68
o
-
j-j
cons
*»5
'
——
—
Rub 3s deb
JFlonda. East Coast 1st 4 Mi a
1961
M-N
102%
1959
J-D
101
^AlstA ref,5s series A
1974
M-a
k
•
A Certificates
of
Lorillard
94
•
1st
<
M
3%s
A 4s
,
inc
conv
1949
(B F> Co 1st mtge
Northern Ry Co—
General 5 Vis -wivits*.
M-N
General -5s
...
Gen
;
series-
1973
General 4'/as series
mtge 3Vis
N
ser
104%
M 2%s
mtge 23/4S
Gen mtge
2000 :>
16
2%s s.er Q
*_■_■
122
110
110
A
Debentures
ctfs
97%
Mobile &
1st & ref
Gen
76 Vi
92 %•
71
66'%
97
97
M-N
85
65
81%
76 >/2
c
Feb
—1959
mtge inc 5s series A
<
f
J-J
J-J
1969
A-O
Finance Corp
1st
f 5s
s
2%s
1970
series
**'*.
'
.
y-i ' r'.f'.'t%ti i- tir.
86%
101%
60% '
52 y4
94
94
1st
94
96
61
62 y2
100
48 ya
18%
207/a
287
'13%
1981
J-J
97%
j-j
j-j
;
lA-
97%
*101
■
100%
A-O
33
—
101
j-j
4s
A-O
;
,
...
,,
.
99% 100%
19
93%
93%
96
104
105
16
98%
1966
F-A
7.3
»V: 67 1/4
81%
j-d
gold 3%s_1953
*
«•
gold 3s
gold
gold
3Vis
1951
—.' ;.
100
j-j
.
series
series
A
.1963
C
Ry 4s
Indiana 111 & Iowa
1963
1st gold 4s
■
6s series A
1952
6s
series
B
A
July 1952
.
85%
87%
£0
82 '/a
97
97
56%
A-O
1944
55%
241/4
A-O
1972
*—
—
j-j
M-N
23%
51
__
"95
100
50
"
62%
•
*46%
62
*101
103%
99
102
101'/a
81'A
37
73
92%
4
70
85%
3
95
Clear 1st 4s
&
101%
99%
101%
5
971%
St
58 'A
A
98
43
30
23
74
96
85%
65%
J-J
62%
62%
62%
10
61
J-J
65
65
65i%
18
65
86'%
A-O
49
48
50
27
45%
82'%
19
62%
85
'
L.1965
1973
1977
1978
—1949
1980
1981
1991
gold 4s
278
14%
40%
59%
42
631/2
102
61%
106
—
i
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78
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96'A
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4
-
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13
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Kansas City Terminal Ry 2%s
1950
A-O
1975
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Plain
J-D
1974
J-J
1961
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.1997
1964
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1959
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5s
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—
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Y
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Y
108
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Y
102%
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105%
3%
J-D
—1997
J-D
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<
—1978
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1970
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90
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5s
1st
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stamped
&
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ref
ref
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fund
5s
1964
1974
stamped
1
Lehigh Valley RR—
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registered
stamped
4Vis
modified
2003
2003
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gen 4s series A
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footnotes
83'A
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—
,
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63
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65
74
68
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31
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1962
1952
page
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,
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1977
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D
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-1946
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107
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77
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ser
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76
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109
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(Minn)
1997
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q-r
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2047
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Jan
Ref
Northern States
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101
112
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—
—
128
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1997
registered!."—__——1!
3s
53
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4s
registered
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1974
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-
!
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86%
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94
86
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65
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110
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111
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97
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13
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1949
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13
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__
62
31
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101%
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1
1
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67
--
1949
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see
53
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1949
stamped
For
851/4
88%
*83 'A
2003
Lehigh Valley Terminal Ry ext 5s_1951
Lexington & Eastern Ry 1st 5s
1965"
Liggett & Myers1 Tobacco 5s
1951
4s
39
71'A
58%
'
1973
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§A2d
101%
•
106
103%
72%
1973
§ A General gold 5s
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78
60
102'A
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.
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Corp 1st 3%s
1963
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1937
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2003
registered
ref
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Y
1017/a
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96
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Putnam
&
Gen
_2003
:
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85'A
M
1974
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1954
Lehigh Valley Ry Co NY 4%s ext_1950
4s
M
96
4
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N
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*95
J-
1964
sink fund 5s
Leh Val Harbor Term
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r-A
1954
stamped—-
1st &
5s
1954
—
5
84%
85
M-N
J-D
M-N
M-8
Y
91%
94%
-r r-
641%
*101% 102
M-N
1955
N
1,
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611/4
101% ioiy2
101%
r-A
32
15i/a
63
621/4
33
248
1980
1986
B—1975
1951
2000
2043
2043
1
99%
84%
75'A
75%
u-a
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4s
Power &
103%
r
:
25
276
74
74
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N
-
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25
'75
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4s
ref mtge
&
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N Y
1997
25
M-N
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r-A
62
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t A Harlem River & Port Chester—
1st 4s
1954
A
Lake Sh & Mich Sou gbld 3%a
3 Vis registered———.
t
84%
*__
A Gen
-
63
r-A
B_1
A Debenture
187
l'/a
.
B
West
&
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N
112%
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13
79
r-A
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E
1st
series
4'/2s
102%
2
ser
mtge 3s ser F
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180
'•
75%
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68%
95
\
100% 100%
N
123%
112 %
■'
•
102
172
—
2
__
*._
—
85
74
*'
1998
registered
Mtge 4s series A
105%
40'A
62%
——
A
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100%
—
311
RR Co—
1998
series A
2013.
series C__.
2013
Y Central & Hudson River RRr—
General mtge 3y2s
J997
3 % s registered
—1997
Lake Shore coll gold 3y2a
1998
3%s registered—
1998
Mich Cent coll gold 3%s
1998
series
4s
104'%
115
——
46%
deposit
of
Certificates
105
96
39%
18%
75%
75'A
;
550
74»A
82
1954
A
series
5y2s
tAN Y Ont & West ref 4s___June 1992
Lautaro
M-N
36%* 38%
-
1956
deposit
of
gold 4s
N Y & Harlem gold 3%s
N
,
105'A
1031/a
76
115
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97
105
99
■
103
98'A 100%
*__
—
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1961
1981
unguaranteed
103
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1961
100
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__
103
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1987
100
deposit
of
New York Chicago &
N
*—
75%
'75
_
1956
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1st
A-O
'
751/4
'
■
u-a
93
105'A
95
——
series D
4%s
3%s
1976
,
37'A
u-a
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series C
Ref
30
24
'
'
r-A
deposit
of
Ref
25'/a
4
1978
3s ser B
Certificates
Cons
511/4
__
1959
2%a
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Kansas City Power & Light 2%s
1976
tAKreuger &
74'A
gold 5%s ser A_
ref gold 5s series H
series I
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A 1st
New
97%
—
A
A
K
Koppers Co
73
series G——
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74'A
—
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A 1st
|
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4s
&
A
J
James Frankl
95'A
J-J
& ref 5s
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98%
100% 100%
™
j-j
1956
gold 5s series C
5 AInternat Hydro-Elec deb 6s
Int Rys Cent Amer 1st 5s B
97%
97
99%
97
J-J
100
—
__
87%
j-d
100
96
14
J-D
j-j
95 %
96
100
93
1956
2
A 1st
—
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•
J-D
1950
100
:
98
—'
j-j
108%
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.
94%
1970
A
Indianapolis Union Ry Co—
Ref & Imp 2 Vis ser C
1988
^International Great Northern RR—
series
97
58%
67%
1962
—
3*
—
J-D
1963
ser
84%
.98%
•
100
*97
100
j-j
F-A
~5
:
•
M06%
.
-.97
100
i
j-j
1951
82'A
97
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F-A
1951
4s
•
79%
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•
—
J "J
1951
4s ser D
AAdJustment
106
105
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100%
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Chic St L & N O—
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89
6
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Illinois Terminal
102
99
1951
5s
43
46
—
1986
2%s debs_1970
National Steel Corp 1st mtge 3s__ 1965
National Supply 2%s debs
1967
ANaugatuck RR'lst gold 4s—,—1954
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1948
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1952
1st gtd 4%s series B
1961
,3s debentures
-1982
N J Junction RR gtd 1st 4s
1986
New Jersey Power & Light 3s
.1974
New Orleans Great Nor 5s A
.1983
New Orleans & Northeastern RR—
Ref & Imp 4j/2s series A,
1952
New Orleans Term 1st gtd 4s
1953
INew Orleans Texas & Mexico Ry—
a 1st 5s series B
1&54
100%
100 %
96
j-j
3Vis
1st
23
72
ref 5s series F
1st mtge
101%
138
*—
99
.1951
gold 3s
1st
90%
53
National Dairy Products
71
iooy2101'/2
88%
100%
1962
Nashville Chattanooga &
102
101%
"
M-N
1950
Div & Term
ref
71
■
100'A
111
N
105
100
■'
58%
98%
57
99%
*99
J-J
105%
'
/
a-
102
.101%
1955
gold 4s
Lines
-
V
2- ■;
1953
5s__
Div
94%
!!",
i 100% 100% /
100%
M-N
1952
Springfield
64
A-O
.
70%
Monongahela Ry B'As series B
1968
Morrell (John) & Co 3s debs
1958
Morris & Essex 1st gtd 3y2s
2000
Constr M 5s series A
,__1955
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1955
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1986
23%
43%
55
57
RR—
Moh'k & Malone 1st gtd
90
109%
13
99
A-O
90
series A—Jan 1967
5s
A 1st
102 Vt
.
62 Vi
1955
gold 4s_„_
4s__.
1st
95;
79
104%
20%
1952
trust
Div
5s
41
89%
105%
Jf-8
.
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A 1st
adjust
A 1st
140%
104
95
78
2
52'A
series D_
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..
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A 1st
2
90
93
124 *
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4%s
ref
96
88%•
1951
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&
72%
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105%
70%
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A Conv
2
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1951
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1st
94%
89
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ACura
99i/a
•
33
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series
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'
81'A
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81%
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102'/•
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106%
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bo
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40-year
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'
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94%
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las 1
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Joint
15
*100%
'A
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Jan 1991
1990
inc ser A
inc ser A
4%s
mtge 4s
Kansas & Texas 1st 4s
Missouri-Kansas Texas
104 Vk
r
1967
2%s
Mfg
&
100
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A 1st & ref 5s
3s -sterling—.——-
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9%
100:
,
,
4s———
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A Gen
67'A
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7
1
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mtge
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Mo
71 Va
J-J
1962
A
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91
99
A 1st &
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gold
u-a
H
Hudson Co Gas 1st gold 5s_^.-—--1949
Hudson ,& Manhattan 1st 5s A
-1957
Omaha
1
100
100'A
103%
100 »/a
'100% 106
M-N
Minn St Paul <&
bb
93 y2
Af-S
40-year
Vi
94%
60
Af~-N
J-J
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90
62
V
*90
2044
—1976
Hocking Valley Ry lsfr;4Vis__——_1999
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1951
gold 3 Vis
impt 4 y2 s series C.
Minnesota
98%
71
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gold
2
■
94
7.'.: '■
1st
Vi
104'A
82%
9
_!
100% 100% v."
2015
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Gull States Util 1st M 2%s
''
Vi
,92%
2%
*
A-O
1975
1st & ref 3%s series D_.
-
' 76
■~3
'■
98
.100%
80
94%
97»/4
*97
M-V
93
101%
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J-D
A-O
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77%
102
78'A
80
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J-J
1950
RR
4s series
Household
"84
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If-N
98
99%
1966
1st mtge 3s
Corp
*98%
71
1972
2%s debs
1952
1979
Michigan Cons Gas 1st mtge 3yaS_1969
1st mtge 2%s_i.
1969
t§AMidland of N J 1st ext 5s
1940
104%
88
112%
98%
69'%
Ref &
129
89%
92
*62
Feb
B——
Ohio
84
109%
110'A
97
mtge & coll 4s ser B
& Drain 5%s
Michigan C'tral—
Jack Lans & Sag 3y2s
133%
11
•'>'
110%
103'A
J-D
2%s debs.
Metropolitan Edison 1st mtge 2yas_1974
103'/a
121%
96
1954
Manati Sugar 4s sink fund__Feb 11957
A Manila RR (Southern Lines) 4s__1959
117%
"2
98'A
'
J-D
1st
86%
113
•
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1981
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Gulf
91%
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_2010
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4s
~i
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ser
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108%
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M
105%
77
41
109% 110'A
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ser
95
1972
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40
-
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J-J
■
96
& Co
106
103%
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:
86
106%
*
Central RR 4"/2s ser A__—1960
Maine
65%
101%
110
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78 Vi
96
(SH)
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»
1976
4
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103 Vi
83%
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96'/a
105%
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J-J
1952
107%
96 '/a
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M-N
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■
105%
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1855
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M-S
2%s_1965
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100
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1969
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cons
F—
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debs
1900
series
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Gas & Elec of Berg Co
115%
106
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ref
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109%
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2003
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&
9
7
1980
100%
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109 »/a
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2003
51
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109
1st
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102
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&
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No.
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&
ref
&
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F-A
105%
t "
47
101
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100'A
99%
103
51 Vi
or
Bid A Asked
1963
Atl
99%
—,
102% 103'A
-
M-~N
Louisville
94%
48 Vi
1958
Sale Price
1951
Co deb 5s
(P)
Louisville Gas
102 %
99%
82
deposit
Francisco Sugar coll trust 6s
Last
Period
debentures
3s
101
5rf%
Week's Range
Interest
Stock Exchange
Low
81
--■78%
''
York
High
59%
<-
•'
..' Firestone Tire:
Low
:
j-j
2000
Ast
New
Year 1947
No.
High
BONDS
Range for
Sold
■
j-j.
I<>
Friday
Bonds
a
Bid & Asked
Low
Erie
RECORD
Week's Range
Friday
BONDS':
New
BOND
WEEK ENDING JANUARY
FOR
(271)
128
34
98%
113%
96
109%
19
60%
98
66%
67'A
60%
601/2
60'A
1
61
89
89
91 'A
28
86
101
95
95
97'%
20
91%
104
96
100'A
95'A
100
97
lOl'A
76%
72 y4
92
103%
9 8'A
103'/a
96%
104'/a
95
8
99
104'/a
96%
101%
>
,-1974
1975
1977
F-A
A-O
A-O
S—
95%
98
96
*95'/a 101
13
—
.
27
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW
YQRK
RANGE
bonds
Interest
Last
Week's Range
or Friday's
New York Stock Exchange
Period
Sale Pries
Bid ft Asked
-
..
Friday
Low
High
BOND
Monday, January 19, 1948
RECORD
FOR WEEK ENDING JANUARY
16
Friday
Bonds
BONDS
Range for
Sold
Year 1947
No.,
Low
New
York
Interest
t
Stock Exchange
Period
\
"
Union
2%s
Oil
debs
1971
A-O
1941
P-4
Skelly Oil 2%s debs
19
10
196S
J-J
J-D
„
99%
107%
94%
94 y4
93
103 y4
95%
93%
103
3s
103 Va 104 %
102%
106%
2%s debentures
debentures '
2%s
Indiana
Pacific
107% 107%
108%
109
ioi y2
101%
108 Y»
Gold
1971
102
102
101 y4
109%
San Fr Term
1974
101 Va 101%
3%s
series
I—
1®«®
3s
series
J
197®
ref
3s
series
K
,
.
1st
ft
ref
3s
1st
ft
ref
3s
series
M
1979
100 % 10O3/4
1st
ft
ref
3s
series
N
—1977
ioo % ioo y2
series
L
1st ft ref 2%s series P
1981
1st ft ref 2%s series Q
1980
Pacific Tel At Tel -2%s debs.——1985
2%s
90*/8
98%
Pennsylvania-Central
A3%s
v
Gtd
4s
Co—
series
E
Pennsylvania Glass
Pennsylvania Power
&
Pennsylvania
3y2s
>
4s sterl
Cons
•
series
*102%
4
102%
104%
100 Va
100% 100%
100% 100%
100'A
110
ioo y4
,—1968
107
—1981
95
D..'.
Ry '5%s—-1974
3%s
coll
tr
Electric
1st ft ref 2%s
1st ft ref 2%s
ser
ioo y4103 y4
y
107
96 %
1st
Pacific
89%
104%
103%
81%
82 Va
5
'96%
76
mtg 3%s serA.1971
,
92%
Jf-N
Jf-N
J-D
81
97:
•
79
89 V*
88%
62
101
101
80
—
831/4
83 y4
80
2
78%
78'/»
100
102%
98 y«
100
104
Calif
115% 116 y4
Vs
94 Yb
112%
128
94%
91
103 y4
1956
106 V*
105 % 106 y4
103
116%
1956
110
109 y4110
106%
♦106
1996
1961
'
>94
105%
104%
-
-
94%
92
50%
52
45'/#
ioo»/4 ioo Vi
,
93'
Y—
99
94
100
1966
1071
117
102
94 y4
94 y4
ioov*
121
106
102% 102%
__
1971
Sunray Oil Corp 27/«s debs
Swift ft Co 2% s debs
89 y4
94 y2
1994
1956
94
94%
74%
89
*90
2%a debs—1966
deb 2%*:
80
78%
94 %
1961
Spokane Internal 1st gold 4%s—2013
(N J)
92 y2
91 %
88 y4
90%
Co—
RR
1996
of
109%
14
97
95 y2
1966
Oil
98%
94%
'
92%
.
100
97%
101%
109%
Y-_
y
56%
106 %
91 %
99%
100,
103%
98
103%
98 Va
-
1 *115
*117
'
115
104% 104%-
103
98'
98
"
99%
92
95%
99 y4
91%
97'/a
98%
95%
83
%
77
101
59%
60
'
1187/2
22
% ';•
103%
8?%
95
-r
.
100
121%
89%-
1961
'
106% 107 %
98%
•
39
106%
,
98%
105
99%
*102%
130
120
105
101 %
126 y»
20
-L_'
*95'-
116
_-J;.
108%
—
Co—
1971
99%
137%
94%- 105
75%
106
*
105%
.107%
124
99%
*102% 109 y2
129
%
'91%' 103%
118 V*
12'/2
...
100 Va
♦—
U8 y.
57%
,
106 '•;* 106
*
1977
4%s
9a
125%
104
-
98%
97
105%
1967
99 % 100
2%s__
98 y4
105%
1974
98
98
2%s
97%
1981
97
97
97
105 y4
105
1937
12%
12%
9
14%
*11%
13%
8
12%
100 y2100%
99
104%
*90
100%
94
100%
*__
102
102 y4
102%
Ref mtge 2 V2 s series C
United Biscuit 2%s debs
109%
106
106
U
Phillips Petroleum 2%s debs__:
Pittsburg Bessemer
1964
ft L Erie 2%s__
1996
Pgh Cine Chioago ft St Louis
Ry—
Cons gtd 3%s series E
1949
4s
series
F
Cons gtd 4%s
100%
'
1957
*102
107
102
115%
1960
*._
120
107%
107%
1963
*__
116%
112
109%
1970
107% 107%
101
125%
1975
108
108
101
127%
1975
86
86
,
mtge
4%s
1st mtge 4%s series
B
ft West Virginia
Ry
1st mtge 4%s
series A
1st mtge 4%s
1st
5s
ft
series
S
107
3W
RRr—
.
debentures
98 y2
Rubber
r
.-
.107
;
105 y2
112%
94%
104 y4
96%
96%
101% 102%
102%
deb—
98'/a
ioo y4-105%
96%
98l/2
104 %
96%
debentures—
Union Pacific
2%8
Mo
106%
■
,
—
84»/»
98%
98
103 y4
89%
2%s debs
100%
2%s
95%
100 Mi
96 %
debentures
Universal Pictures 3%s <»»•
102%
102%
104
104
105%
101
105%
v
Vandalia RR
Cons
s
f
4s
cons
g 4s series
▲
series B
1959
1957
Virginia Electric & Power Co—
1st ft ref mtge 2%s ser E
=—1978
Va Iron Coal & Coke 1st gold 5s__ 1949
Va & Southwest 1st gtd 5s
2003
1st
cons
94
104%
98%
100 y*
107%
111
1958
5s
Virginian Ry 3s ser B
98
106
1995
94 %
106%
1958
1960
Ashtabula Ry
A
1948
B
series
2%s
Co of
coll tr 2%i—
Calif 3s
of
1959
1st mtge 4%s series C
4s
103%
101
1950
series B
Youngstown
85%
100%
—
1950
Pittsburgh
1st gen
*102%
—1965
:
1st
Oil
119%
1964
debentures
mtge &
RR—
Plttsb Coke ft Chem
1st mtge 3%s_1964
Pittsburgh Consolidation Coal—
Pittsburgh Steel
1st
Union
121%
series J
Pgh Cmc Chicago ft St Louis
Gen mtge 5s series A
Gen mtge 5s series B
Gen mtge 3%s ser E
Union Electric
.
1983
Cons gtd 4s series G
Cons gtd 4s series H
Cons gtd 4%s series I.
*100% 102
—1962
gen 5s series C
1st gen 4%s series D
116
1974
*118%
:
APittston Co 5%s mo
deb...
Potomac XI Pwr 1st M
3V«s
1st mortgage 3Y4s
t A Providence
Securities is
116
100
105% 105%
1957
<
100
98%
113
8%
17
105%
111
102%
104% 105
108%
>
1956
1968
1972
2037
2037
100
107%
113
100%
88%
101%
105 %
92%
102 >/2
93%
—
1964
t A Providence
Terminal 4s
•Public Service El ft
Gas 3%s
1st ft ref mtge 3s
1st ft ref
mtge 5s
tilt ft ref mtge 8s
75 y2
89 V'4
1966
1977
94
80
*115
1977
1st
v-
92%
126
5
81%
118%
98%
-
gen
'
__
a-.
126
—
100% 100%'
104
95%
D—.1980
tf APhiHpplne Ry 1st s f 4s
A Certificates
of deposit...
Pitts
A
*121
122%
A.^———.1965
B———.1974
ref
P-d
J-J
103%
112% 113'%.
General gold 4y2s series C
3%s
,
V
1960
Phlla Bait ft Wash RR Co—
General 5s series
1st ft ref
—
96
mtge
Standard Oil
108
—1948
B_—
Pert Marquette Ry
Cons gtd
106%
'101%
—
ft
104
103
—
103%
104
*103
'
1st
104%
106%
95
101 %
1948
series
Co
98 y4
90
93%
96 y4
101% 101%
Gen
Philadelphia
Philadelphia
96 y4
98%
1960
mtge 4%S series E
:
.1984
Conv deb 3 y4s
——.1952
Gen mtge 3%s':ser
F_—_;——1985
Peoria ft Eastern 4s
ext——_____1960
,.y' ' A Income 4s
Apr 1990
Peoria ft Pekin Union
,
93
-
series
4Vis
100%
1965
RR—
5s
90%
47
93
—1978
stamped dollar
4%s
104
Co—
—_
sinking fund '4y2s.—
-General
General
General
103%
92Vi
—
W
Southwestern Bell Tel 2%s debs—1986
Consol gold 4s_—
1
95
—1932
Light
98%
*•€
mtge
Standard
Sand
98%
J-J
1981
—
2%s ser E—
2%s series F
1st mtge 2'/4s ser Q
Southern Ry 1st cons gold 5s
Devel ft gen 4s series A
Devel & gen 6s series A
Devel & gen 6%s series A
Memphis Div 1st gold 5s
St Louis Div 1st gold 4Su_
-
1st mtge 3s_—
3s s f debentures
99%
*97 %
1996
1st
.—1988 "f
ctfs
High
91
39
1977
Lines) A
1st
109 Vn
109 y4
;
trust
Ry 2%s___
1960
4%s
Southern
109
99 %
Airlines—
inc debs
conv
Pennsylvania
,
92%
—
99 y4
100
3»"/8
95 %
debentures
—198fl
3%s debentures..—
1987
Paducah ft 111 1st s f gold 4>/2s
1955
Paterson ft Passaic G ft E cons Ss.1949
Low
38
38
Co—
Gold 4%s
101
ref
ref
ft
No.
*28
—
A-0
.
1987
1st 4%s: (Oregon
A
v
1985
debentures
Southern
1st
.
1971
Southern
Pacifie Gas At Electric Co—
1st ft
93%
-Year 1947
Southern Bell Tel ft Tel Co—
*93 y2
93%
Range for
Sold
High
93 %
—
Socony-Vacuum Oil 2%s
1976
South ft Nor Ala RR gtd 5s—_—1963
100% 100%
1st
Bonds
Friday's
Low
t§ASilesian-Am Corp coll tr 7s
12
or
Bid & Asked
High
Shell
11
Week's Range
Last
Sale Price
52
162
*—
164%
237
*100
242
53%
~
50
6
•
60
100^ 101%
—
101
.
__
99
108%
*108% 109
103
113%
105
107 %
107% 108%
-
27
106 y.
109%
99 %
83
97%
106 »/2
22
99%
106
J06
98%
106
2
99 y2100
Quaker Oats 2%s deb.
79 y2
66
•
1st ft ref 3%s eer D
Revere Copper ft Brass
3 y4s
Rochester
,
Gas ft Elec
7
1M5
61
1960
"42
Coip—
Gen mtge 4%s. series
D-——1977
Gen mtge 3%s series
H—
1967
Gen mtge 3VaS series I
y_
mtge 3%s series J
t|AR 1 Ark ft Louis 1st
4%s
15
1969
.1934
tA
Rut-Canadian 4s stpd
——1949
tJARutland RR 4%s
stamped—1941
101% 102
V
iny4111%
93 y«
103
'
103 v;
' 57 > 76% '•
f 55%- -72%' '•
/ .103% 106 y4 y
:.
y 97
;
■
■
>
28
1967
Gen
95%
100%
4
Reading Co
98 y4
76 y.
75
76
46
100 y
95'
;ry
102y.f
106
,:93%>101% .y
4
100% 105%
8
116 y.
118%
176
22
A
Louis-Southwestern
1st
A 2d
48
4s
bond
inc
A Gen ft ref
ctfs
cons
18
1956
1997
2022
Yonkers
96
Noy 1989
83
90
78
105
1990
104%
gold 4S.1966
City—
S A Short Line RR
gtd 4%s
St Paul Union
Depot 3ye8 B
Scioto V ft N E 1st gtd 4s
32 %
51%
1971
105 Va
1989
Seaboard Air Line RR Co—
1st mtge 4s ser A
126%
106%
130%
1996
a
Gen mtge 4%s
Seagram (Jos E)
ser
A
& Sons
24%'
1941
—...2V6
21/2s——1966
94
103%
1989
gold 5s series A
St Paul ft Duluth 1st
ISt Paul ft Kansas
75% !
15%
30
1996
Ry—
certificates
bond
66
1971
1996
4t L Rocky Mt ft P 5s
stpd
St Louis-San
Francisco Ry Co—
i
1st mtge 4s ser A
A 2nd
mtge inc 4V2s ser
3t
60
91
Saguenay Power 3s ser A
St Lawr ft Adlr 1st
gold 5s
2d gold 6s
Elec
Lt ft Power 2%s
1976
J-J
i
y -;
82%
21
102
109%
;
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4665
Volume 167
(273)
29
NEW YORK CURB EXCHANGE
AND
WEEKLY
YEARLY
RECORD
and deferred delivery sales are disregarded in the week's range unless they are the only transactions of the week, and when
selling outside the regular weekly
in the week in which they occur.
No account is taken of such sales in computing the range for the year.
NOTICE—Cash
in
footnote
a
a complete record of the transac tions on the New York Curb Exchange for the week
beginning on Saturday,
the current Friday, Jan. 16.
It is compiled from daily reports of the Curb Exchange itself, and is intended to include
every security,
bond, in which any dealings have occurred during the current year.
ending
10, and
whether stock
or
\
RANGE
Friday
Last
STOCKS
New
York
Week's
Range
Sale Price
Exchange
Curb
Low
Aluminum
Acme
Wire
Adam
10
Hat Stores
1
Inc
Aero
Supply Mfg capital stock
Agnew Surpass Shoe Stores—
'
Ainsworth Mfg common——,
Investors.
5%
31%
10
(N J)
Feb
British
34
Oct
5%
300
5 %
Dec
11%
600
1%
Dec
3%
Feb
7
Dec
7
Dec
13%
700
15
100
3 V«
100
3
Oct
(
--
31
July
'%
12
5,800
2%
600
6V2
81%
-
-r
13%
7%
—
3 'A
—
Oil
\
Co
Air-Way
preferred——
,A-.
\
Electric
Appliance
Alabama
■
Alaska
Power 4.20 ft
Airlines
Alles & Fisher
~
3
Alabama Great Sourhern—.
v
%
•
10
x6.
50
pfd
100
Inc
Allied Internet
Investing Corp—„1
Products (Mich) common——5
i! Allied
"
Altorfer Bros
Co common-——
.Aluminum. Co
Of .America
-
Alujninum Industries
Aluminium
f
Ltd
'
19'A
12%
.
Feb
4%
38
1
—100 f,
17 %
Dec
25
Jan
£1
13%
13 Vs
100
11%
Dec
21%
Jan
£1
12 Ye
Dec
20%
Feb
300
2%
Dec
4%
Feb
50
19 %
Dec
Ltd—
dep rets ord reg
12
•
1
„
$2.50
Hard
preferred—i
—_L.
Class
Chem
Amer Superpower
Corp
59%;
:
V
15
13
Jan
1,600
95%
,
2%,
2
90
••
y•
v
class
34%
•
-
-*
16%
14%
Dec
161% May
195%
Feb
Feb
Dec
5
Dec
Jan
4 %
850
17
;
v—•
"•
1%
40
Dec
43%
100
8.900
14%
15
35
35
50
35 y2
25
4%
%
%
10 800
3%
Dee
%
Dec
48
I OOO
American Writing Paper common
4%
5
'900
5
8%
8% '
8%
800
Anchor
2
8
8
8%
800
6
53/.
'53/.
ann
5%
!>!>:<> 17%
17%
common
„
1
42
May
4% Aug
7% Jan
Anglo-Iranian Oil Co Ltd—
Amer
dep rets ord reg
£1
Angostura-Wupperman
,..
„l
Apex-Elec Manufacturing Co
Appalachian Elec Pwr 4%% pfd
Argus Inc
_l
100
Jan
10%
1100
7%
Jan
101% 103%
340
y98%
Dec
5%
Arkansas Natuial Gas common
Common class A
•
non-voting
6%
.
preferred
•
Aro
Oil
<Kc
Associated Electric
-
Automatic
Avery
13
13%
14%
10,000
preferred
Ayrshire Collieries
''/I'.,—
£l'
•
1*4
Inc.
8%
1%
2 100
"4
4
1 100
4%
6 700
30
5
4%
7%
71/4
400
754
14%
800
15
3
16%
—
16%
...
7%
'
preferred—
IIIi
common
|,».:Banco de los Andes— %
1
Amex-ican
Barium
1
(L)
ij__
Inc_^l
& Co
common^
Ties
of
Watch
&
&
Bickford's
Co
Hedges
Inc
Feb
Jan
Blumenthal
7%
~51/4
L
5,
common
;
13%
17
1
5%
200
6%
•5% May
50
9% May
-
5
„
..
'
17
17
2
133
9%
200
2'%
134
19%
19
33
'
.
1,400
170
20
33
7%
~8%
7
~8%
20%/Feb
7-1/3
2%
3%
171%
4,800
•
1%
9
•
•
Brillo
*
21 %
15
1
common
A
•
33.
Dec
May
230
74 %
Dec
96%
Feb
19
19
100
15 % May
80 %
—
21% July
102
Dec
Jan
Feb
17,200
8% May
11%
15%. 17
350
11V* May
24%
Jun
70
140
46
9%
9%
83
Jun
Apr
12% May
70
22%
Jan
12
15 %
May
12
-100
.100
13%
1
7%
100
37/s
1,700
3%
-2.50
13%
3%
—10
'
7%.
"V
8
500
8%
68
9%. Nov
Dec
14
4
Feb.
Nov
4 %i. Jan
Jun
14
Oct
27%
%.May
69%
75
-
23%
Oct
2%
Feb
Oct
77 Va
May
Jan
19
Dec
Nov
~5% '>~5%
4
%
Dec
7%
Oct
5%
400
4
y8
Dec
7%
Oct
1%
1
Mining
400
5%
i
1%
1,500
114
113
1% Mar
%, Dec
93
70
Jan
May
148
14,600
23 V*
Jan
41
Oct
10 Va
May
15
Feb
9%
9%
1,700
1,000
11%
Jan
3.4%
14%
15%
1%
T%
Neon
common—
114
—10
1
1
10
26%
Products
Co
4%
:
1
5%
■6%
6%
'6%
6%
32%
1
4%
i
Southern
Feb
29%
Dec
9%
Jan
r
4%
32 Vs
9O0
r
A
warrants-
25%
450
47/8
:
i
Nov
May
Dec
4% May
3 *4 May
3,600
33 %
4%
6%
2,500
;
xV
25
Co
15%
Dec
3
19,600
7
4%~'
4%
Colorado Fuel & Iron warrants
&
1-
•T'4%
.6%
1
Commodore Hotel Inc
Commonwealth
200
Jan
9%
ordinary
Airlines
Manufacturing
7%
Jan
Jan
28
*
Colonial Sand & Stone Co—
Colt's
2,000
3%
3%
6% Aug
600
26 %"
7%
Co
common
Colon, Development
10%
24
4
Mfg
Feb
Sep
Dec
97/a
—*
3,200
2
19
1%
1%
•
1
common
87/s May
13% May
350
1
Inc
& Lambert
Alum
:
W'...
Compo Shoe Machinery—
Vtc
ext
1956
to
$3
s.
!
1
common
Jan
400
•
3% May
13,600
A Aug
%
%
-
25%
350
......
6%
7
7%
Bait
•
common
100
110
series
——100
C
Oct
Consolidated Gas
Feb
Consolidated Mining & Smelt
Consolidated Royalty Oil
5
Dec
83%
77%.
1
t
•
,
Dec
118%
Jan
101
10
Dec
110%
Jan
LOO
'
9%
Jan
85%
Feb
77%' .78%
500
3%
3%
4,400
x7% May
63 V* May
2% May
31%
31%
2,100
21%
8%
1
Ltd
Feb
107%
•30
103
Utilities..
Jan
43
x68
1,000
110
103
series B preferred
preferred
69'%
68%
8%
•
10
3%
Consolidated Steel Corp common——*
Consolidated Textile Co
10c
31%
13%
13%
13%
1,400
7%
Apr
Jun
2%
2%
2%
1,300
2%
Oct
13 Vs
!
Jan
2
Jun
34%
69
10 %
6"% Nov
% May
'1,350
•
F
Dec
h
•
_T
preferred
Consol G E L
28
27-
Community Public Service———25
"
Jan
3% July
Nov
35%
15
Nov
24% Mar
11%
11%
4
17%
Jan
Continental
Car-Na-Var
Fdy & Machine Co
Cook
&
Dec
Cooper
Copper Range Co
Cornucopia Gold Mines—
5c
•
10%
1,100
200
2%
700
%
1
Paint
Varnish
Brewing
15
Apr
55
Jan
Apr
37
Feb
200
9
Dec
17%
Jan
$1
14
Dec
22%
Jan
Cosden
9%
1,000
7%
Dec
20
Feb
22%
Jun
26%
Jan
10 Vs
1,700
6% May
10%
Dec
22
Feb
Feb
&
class
Petroleum
convertible
Creole
Croft
dep
Brewing
10%
'
(ord
11
3%
2,050
5%
50
3% Aug
10% May
19%
26
41%
May
2%
Dec
8% July
Feb
Feb
3% Aug
11
Feb
Dec
1%
Jan
9V2 May
15%
Feb
A
A
900
llVa
1,000
3%
*'600
2%
Nov
4%
Jan
400
11%
Jun
14%
Aug
3% May
6%
Dec
%10%
13 %- 13%
50
'
Co.
10%
1
preferred
Petroleum
2%
;—1
*
A
receipts
"2%
•
common
Courtaulds Ltd—
American
1
common—
Reynolds
preferred
5%
♦
Co
Coro Inc
Corroon
Co
13%
13%
38%- 39%
Continental
132
36
1
1
Corp__
Feb
Jan
7,500
Dec
Feb
80%
Feb
12%
15%
14%-July
17%
367/8
11
31
Nov
11%
14V8
10
43%
8%
30
150
35%
Service
10%.
9%
„
Jun
May
1,500
32
8%
16%
Auto
-jt
„
•
*
Jan
116
25
Light & Power
Jun
2%
8%
•
Jan
11%
4
35%
Jun
Mar
9
36%
4%
23
7%
Apr
11
5
Feb
Apr
Dec
3
Apr
80
80%
common
Consolidated
Sep
Dec
"
—10
Jan
Sep
2%
.
Jan
„100
3%
May
Oct
20
8%
31
32
preferred- 100
Voting trust ctfs
180%
11
37% May
,
Jan
Dec
7% May
6% May
9,300
17%
Dec
23
16
325
2%
17%
May
July
8% Mar
31
100
1
100
page
8%
15%
__
*
common
see
132
iq3/4
9
1
Corp common
Bridgeport Gas Light Co
Bridgeport Oil Co
I1"1 or footnotes
1 %
100
1
—
•
3
Breeze
Co
8'00
1
preferred
Borne, Scrymser Co
Bourjois Inc
Mfg
16
Dec
5%
68"%
Colonial
Oct,
Feb
2,500
July
Jan
7%
7%
1
Stamping
City & Suburban Homes
Dec
5%
Oct
Dec
119
SChilds Co preferred
'Apr
6%
6%
68
City
.Oct
19%
Dec
55
Cities
Jan
May
7%
Jun
Dec
4"%
—10
Clayton
16
Jan
Dec
11%
Dec
300
"
Jan
15
Jan
110
19
18
13%
13
2
& Mach Co com.*
1st
Class
,-17,900
43%
300
Nov
11
Dec
100
150
550
Claude
8
5
5%
52
30,100
9%
Clark Controller Co
July
"-3% May
-.
10 %
75
8%
Clarostat Mfg Co
14%
Jan
13
Dec
42%.
6%
..
25%
Jan
Dec
700
8%
24%
Nov
97/8 May
,,
Mar
12%
16%
33%
1
common
Brazilian Traction
17
134
•
i
Furniture
Co
V
!
1
& Co Inc
:
(S) & Co common
(H C)
—
1
l
(Philip)
Bohack
5 %
~
*
>
45
6%
100
•
America
Co. of
27
61
.
Jan
33 %
8%
100
Co
Jan
87% May
1% May
Sep
3
225
J5
Chief
-
100
Ridge Corp common
Blum
1
1
Inc..
Birdsboro Steel Fdry
Blauner's common
Blue
5
1
—
preferred
Gay
1,300
165
3,100
5i
100
Conn Gas & Coke Secur
Canada
Convertible
Berkey
/
1
common
(A S) Shoe Corp
Bellanca Aircraft common"!—
Benrus
100
133/4
^
Beck
-Benson
250
13%
j.
•
Seeiig Mfg—
Beau-Brummel
Tel
35
1
$1.20 convertible A common—
Bell
53
35
;
Corp^^„—
Basic .-Refractories
Bauman
51 i/2
35
•
shares.
Steel
Barlow &
■
•
NOV
-1%
15%
9% May
B % May
5%
1
Light 4% pfd
Corp
Aircraft
Cockshutt Plow
'±L
T-
■
30
Baldwin Rubber Ca
-
•
;
Baldwin Locomotive—•
May-
41 %
108% 108%
10
preferred—
Club
Babcock <fc Wilcox Co
Nov
22
—10
;
B
,
18
100
5%
Clinchfield Coal Corp common.— —20
-
26
200
1%:
8%
•
preferred
15
300
Nov
Nov
Chesebrough Mfg common
Chicago Rivet & Mach
Chicago & Southern Air Lines
July
7%
May
"..
Co—
Power
5% May
10% May
300
Jan
9%
2s 6d
1
& Co
Maine
Chamberlin
; Feb
9
20
May
Charis Corp common
Cherry-Burrell common
11% July
9% Feb
7
i—
Co common
24%
J$
Co
1929
Century Electric Co common.
11% May
1% Jan
37
Jan
150
1%:
_2.50
Corp of America
Cessna
Feb
63
1
Apr
3% May
23% Mar
10%
51
Conv pfd opt div ser
Conv pfd opt div ser
Nov
24% May
4% Dec
*700
Feb
Dec
-
9%
IIIi
& South West
7°/o
Mar
14%
15 %
17
10%
—
——-—
I Central States Elec 6%
11% July
114
5%
••
■
Power &
Feb
50
41/4
X29
__
1
com
Nov
Jan
3% Dec
*_I
*' 1
Nov
%
4%
25
new
Jun
9% May
Jan
•
1
4%
common
Corp
Jan
10%
*
1
Voftlng Machine.—
(B F), & Sons
110%
1900
13%
1
6%
-
10%
20
13% -II
50
Atlas Corp warrants
Atlas Plywood Corp
Automatic Steel Products
3% May
'lOO
Jan
-50
40
Central Ohio Steel Products
.
Atlantic Coast Fisheries
Atlantic Coast Line Co
-
9 900
Industries-—
American dep rets reg
2
Associated Laundries of America
Associated Tel & Tel class A
'
6
10%
Mar
10
20
Light $5 pfd—.
&
Central
6% July
6% July
113
8
Dec
2% May
'V- £■:.
dep rets B ord
3.50%
Oct
8%
Jan
6%
900
18
~
V
.
Inc
—
Biscuit
(A M)
Catalin
114% Mar
4% May
6%
1,400
,
1
Central
3 % May
100
7%
20
common.
(J W)
Castle
•
Feb
11%
Apr
3% Mar
7%
.!
•
& Kennedy
Power
Amer
Carter
July
5%
4%
18%. 18%
—
;
Casco Products common.
Central
24
Dec
3%
-100
Carreras Ltd—
Feb
Oct
7%
•
:
Ltd—
Co
Carr-Consol
Jan
5%
.&
Carolina
Feb
10%
voting
preferred
Carman
Feb4:
1%
Jun
22
non-voting__-
Carnation Co
Dec
63
3%
Alcohol—
Industries
Carey Baxter
Feb
6%
8,500
5%
—•
Capital City Products——
Feb
600
14%
1
43
43%
24%
B
7%
'
l,70o
'
13% Aug
<2%
!-
20
Ltd
Canadian Marconi
Sep
5y4
sy2
12% May
.
Feb
;
Oct
48%
A
Class
Feb
514
113
_
2.50
Refining Co—
4%
25%
53/a
y 10%
.
—
•
Equipment Corp——
Ashland
5%
—*—10
Arkansas Power & Light $7
pfd
Class
^uly
5ya
■„
__
V—.
•
preferred
Industrial
Canadian
Jan
Dec
■*'
Canners
Canadian
Jan
3%
10
102%
17%
9%
16%
.
7
r
-
.• !.
preference
Jan
7%
600
__
24%
Apr
200
3ya
1% Mar
Nov
—•
Ltd——
6% %
Feb
May
3y4
3%
Co
Convertible
; 32% July
May
29% May
16% May
>'300
%
48
32
i 600
13 300
414
4
Nov
2%
2%
.2%
Insurance—.—5
Cement Co Ltd common
Jan
Jan
35 y4
Oct
%
1,200
7%-
Bread
21% " Oct
37%
Jan
200
23%
16
11,300
Li.
I
Fire
Jan
51
2% May
200
35
•
Feb
IS
5.%;.,-':.'5%
.
Power—
Corp
Canadian
Jan
Apr
47
35i/2
•
«•
Dec
Dec
23
24
10c
15%
28%
'
400
Electric
Tungsten
Canada
Jan
49
50o
£l.
--^-1
Camden
May
3%
-
Jan
46
35
-
Sep
29% May
4%
Angerman Co Inc
Dec
22%
46
—2
Products
May
■43%
37/8
19% Mar
Dec
26%
3%
—
<c
pfd"
rets 5%
Sugar Estate—
California
Callite
Feb
113
153/4
■
12%. Feb
48
*
%
25c
Products common.
American dep
Jan
23
Dec
2V2
,
,
Jun
2%
12 %c
Canada
7%
May
Nov
15%
3%
,
"%:
Feb
15 % May
10% May
1,500
1
rets
Cables & Wireless—
Nov
•
32
5
Post
96
108
6,100
Co
Ring
Corp Amer dep
Electric
Cable
3% Mar
70
20
300
17%
Piston
Calamba
1%
1%
'
25
32
-
17%
Jun
10%
100
17%
17%
11%
Feb
Dec
1,100
31%
32
25
11%
—2.50
Biscuit Corp.
Butler (P H) common
Dec
25
43
400
— —
•
*"
Jan
25'-
7,900
»
2%
! 30%
„
_io
com
80
105%
Apr
1.3,800
32
•
A
preferred
;
'Dec
13
300
18%
2
17Vs
•
;
5% May
23% July
9
Feb
Feb
25
19
2,400
-
8%
47%; 48 /
2% Mar
1,200
8%
1% May
15 % May
'
Burd
Aug
•
91
„-
.
Jan
8%
27% Mar
300
1,900
18
23%. Nov
v<
••-.'48% May
600
:
-
5
,
Jan
25
__
•
common-^.
$6 series preferred
American Thread 5%
\
34
„
5
48
Ltd
Mills
2 Vs
17
.
200
"
13%
•
Seal-Kap
19%
111% 111'/a
-
31%
f
2
Republics——
American
,
20%
43
1
B
American
r
„
25
common-
<fc
.
„
25
—
Potash
—
25
American Maracaibo Co__
American Metal Products Co
American Meter Co
American
Burma
;
20 %
2%
17.%
common
Burry
6%
2%
1
Laundry Mach—
20
Light & Trac common—25
American Mfg Co
108
Jan
•"•
2%
20%
1
1
2—
Bunker Hill & Sullivan
Jun
17%
-
__
1
American
■••6%
Dec
Mar
5%
',88
>6%
10c
Rubber Co
87
Distillers
Buckeye Pipe Line
V
American
American
25
Dec
11%
:
1
preferred
92
%
Dec
2'
.
-l_—100
convertible
Dec
750
34%
<
7
2%
■
2
■"*
American Gas & Electric—10
preferred-
Silk
Jan
2%
•
(EL) Co common
4%
77%
171% 177%
18
4%%
Rubber Co
Bruce
20
400
;
American Fork & Hoe common——•
American General Corp common$2 convertible preferred—
Brown
Jan
300
11 <12%
—.
1
,
Jan
9
•!>'"
6% Aug
3% Dec
93%
'
'
5%
•
Dec
700
56 '
,
common
_100
Dec
2
,2%
—
Forman
400
—
common
%
10c
Class B
Brown
6%
•
American Cities Power & Light—
Class B
v
\
-94, y
High
200
British Columbia Power class A
Feb
3
18%
1!
57
'
Low
18%
Feb
.
93
20%
"
•
—
American Bantam Car Co„—
American Beverage common—•
American Book Co__-».-:^!_^—i.'
«
<
—
•
common
•*3.75 cumulative preferred
Aluminum Goods Mffe
:
Range for Year 1947
High
18%
Celanese
Amer
6%
—
Low
dep rets ord reg
Amer
3
__
Shares
dep rets ord bearer
British
93
—
1
1
common
x6
•
81%
—
for Week
•
Bruck
60c convertible
.
Sales
Range
of Prices
Feb
7%
10% May
'6% Nov
Week'a
Last
American Tobacco—
Amer
Feb
2%
2%
•
13%
1
.
12%
,
British-American
'
Sale Price
Exchange
Par
Jan
5%
—
————2
common
Jan
Curb
5%
2%
2%
Convertible, preferred--!-——10
lAireon, Mfg Corp common—
50c
Dec
23
York
New
High
Dec/'
3%
800
'
Air/Associates Inc
Air
Low
31%
—
1
—•
5
Friday
2%
41/8
—
"
16
STOCKS—
Range for Year 1947
•
—
4%
1
common
Co
Alloys
WEEK ENDING JANUARY
Sales
Shares
High
--
FOR
for Week
of Prices
Par
ACF-Brill Motors warrants
Acme
tf.
shown
are
extensive list we furnish
In the following
Jan.
range
6
6,000
51
200
36
Jan
51% Nov
'
4
reg)—£1
u—5
40%
1
1%
_______
%
40%t 42%
11,500
25%
l/i
2,400
1 Va
■-1 xh"—i
Dec
7%
Jan
Jan
43 %
Dec
Dec"
.
30
THE COMMERCIAL &
(274)
RANGE FOR WEEK
-
Last
New
York
Sale Prioe
Exchange
Curb
Crown Cent
Crown
Petrol
Cork
A
it
preferred
Cuban
Atlantic
5%
6%
500
Curtis
Mfg
Dec
Apr
Feb
-
Oct
Oct
Jan
Gorham
26%
Dec
Dec
Mfg
8
Feb
Gray Mfg Co
Great Atlantic A Pacific Tea—
N on-voting
Stored Products
Grocery
7
Davidson Brothers Inc
debenture
Derby Oil Co
Detroit
Gasket
Detroit
Gray
400
6% May
9% May
12%
lite
11%
May
136
Feb
14
Sep
Hammermlll
Paper-
1,000
2% May
Feb
Hartford Electric Light-
22
600
17% Aug
24
Deo
•
13%
13%
100
11 %
16
Feb
Harvard Brewing. Co.
Jan
Hat Corp
Domestic
6%
Sep
4%
2,400
6%
3%
7%
Apr
Co common
Credit
17%
Corp class A
Bridge Co Ltd
Dominion Steel St Coal B
Chem
Co
•
10%
1,100
14 Ya
1,000
__
—
f
Feb
17%
Feb
25 V2
Jun
9%
Dec
Dec
Power
9Ya
50
9
72 Ya
71
73%
350
67
36%
36%
36%
100
36 Ya
75
76
375
*
II
I
Co
Co
—
•
—
Oct
4%
33 Ya
10
common
Corp
Feb
10% May
22% Oct
—
13
•
Dominion Textile Co Ltd
Driver Harris
19 Ya
Dec
2Ya May
Dec
600
3
Feb
19
Feb
25
—
13
23
Ltd
11%
2%
1
Dominion
Dominion Tar St
11
11
l
9Ya
Jan
47'A Nov
Dec
15%
Jan
97%
Dec
114%
Feb
Jun
15%
Feb
"
Durham Hosiery class B common
Duro Test Corp common
Duval Texas
I
14
—
25
4%
800
14%
200
4%
^
Sulphur
14
14
1
1
10
5
6%
•
•
4%
4
Malleable
Iron
81%
81%
100
preferred
Eastern
4
100
77%
77%
1
(Geo A> At Co common—
•
•
—:
8t Hardart
8t
Baking Co——_
II
58
58
58
25
_
Eastern States Corp
$7 preferred series A
*
.
275 '
May
49
82%
Nov
Hussman
57
Nov
$2.25
35%
25
3%
2%
Dec
Jan
Jan
4%
1% May
1,900
Oct
•
$6
preferred series B
Eastern Sugar AssociatesCorn
shares
of
$5 pfd shares
•
beneficial int
of
50
59%
52
•
10%
Electric Bond
3
'
&
Share
common
Light 2d pfd A
Option warrants
Electrographic
Corp
Electroraaster
Elliott Co
5%
Inc
'
"
Equity
$3
Derrick
Corp
&
Equipment
14%
42% May
6 % May
60%
20,100
17%
?
145
160
200
2%
2%
100
16%
17%
600
92
8
~I~"
1%
1%
1,300
12%
400
1%
4,600
43%
43/
75
i
17
3%
a
2%
4%
4%
15% May
Nov
49
9'/a
900
7% May
4
900
3%
23%
57
Mar
..
Aug
10%
Feb
6%
Dec
Feb
Dec
29
Jan
26%
50
Jun
23
44%
110
37
Jan
44%
60
147
Dec
181
Dec
43
-V
148
,
.
33%
25
34%
34%
Aug
,
Dec
Feb
Feb
116% July
42 Ya
Nov
79'A
Dec
36
:
250
78'%
4,500
55'A
Apr
3%
100
3%
Dec
9 Y»
12%
900
12 Ya
Sep
14%
Oct
43%
225
42
Aug
47%
Feb
Jun
15
Feb
5Y4
50
5
7%
225
200
25
25
Feb
Feb
10 Ya
37% May
51%
Feb
Oct
3%
Feb
21
May
49 Va
2%
Is
,
7 Y4 May
300
42%
41
„1
preferred^—
Hydro-Eleetric' Securities
Hygrade Food Products-
Feb
x35Yi
19% May
136
7%
.1
Sep
jan>
111
Jan
9%
Dec
8%
Jan
13%
Oct
1% Aug
2%
Jan
53%
Jan
12
Jun
May
Feb
112 May
3%
Oct
100
27% Nov
30%
5%
50
•
convertible preferred-
2%
36
.
Fishman (M H) Co—
5c to $1 Stores
51%
Dec
450
11%
Amer
dep rets
1
£1
registered
'13'/a
•
Imperial Oil (Canada) coupon
Registered
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
Dec
Dec
12%
13 Ya
12,400
10%
Apr
2,300
26'/a
;
—
0
r-
.
100
21'A Mar
6%
Apr
14 Ya
Feb
14
Feb
10%
Nov
14%
Feb
10%
Oct
21%
Jan
12'/a
92
92
94'%
70
83'%
Dec
94'%
94
95'/a
600
85%
Sep
14
Indianapolis Pwr As Light 4% pfd—100
of North America—
10
International Cigar Machine
•
Insurance Co
Jan
64
'
10'/a May
12'A
14
100
13%
Dec
700
45 V4
May
£1
& Ireland
800
13'/a
12%
13
31 Va July
Dec
200
14'%
26
Imperial Chemical Industries—
Mar
50
Dec
43%
24
53%
5 Vb
53'%
53'A
13%
V
26
Illinois Power Co eommor
Illinois Zinc Co common
12,200
111
Apr
100 Ya Mar
-
Jan
21
Apr
Hydro-Electric—
4Va
Oct
International Safety
32 Ya
Dec
International Utilities common
4%
22,700
2
May
300
21
Apr
Dec
22%
2,800
12
20
45
2%
1,400
36
'
25
36
Jan
3Ya
Investors
Dec
Nov
43 Y2
Jan
Iron
—
17 Ya
Nov
700
4%
Oct
6%
16 Ya
Sep
20%
Feb
18
Dec
23-
Oct
A
Jun
Feb
10
Dec
15Ya
15 Ya
11%
Apr
18%
Nov
Dec
5%
400
16%
2,000
13
1%
11
11 %
"
8%
300
1%
6,300
425
1%
17%'
Nov
Jan
Jan
Sep
1%
16 Ya May
22%
1
Feb
12%
Jan
Feb
1,200
4%
Dec
7Ya
Feb
%
200
%
Nov
1%
Jan
%
%
Feb
5%
5 ■%
5%
Ya
6
'
30
9% May
1,000
17%
8%
1V2
17%
1
*
Air Chute
29
Nov
Apr
1,900
12%
16
11
voting trust ctfs—*
Italian Superpower
11%
16 y4
1
Royalty
Fireman Mfg
Irving
B
preferred
Interstate Power $7
Feb
64
Aug
1% May
Razor
11%.
11%
10
•
5
•
Oct
Apr
10 Ya
16,800
11%
*
Oct
13%
7Ya May
58%
.
71%
25
57
50
*
Petroleum coupon shs—•
A
shares
International Products
1,400
13 Ya
~2%
1
Mar
15% Feb
Dec
600
5
Oct
7
46 Ya
—10
—lOo
6%
100
•
22%
43%
43%
Feb
24%
>
Dec
100
Feb
3%
31
12%
(Phila)
85
55 %
12
warrants
1st
Jan
Dec
36
common.
4%
Dec
llYa
97/a
Metallurgical!
Association
7 V
Feb
13%
74
12
Registered
30
First York Corp common
$2 div cum preferred
Jan
Feb
107
Apr
Huylerts eonun
International
Fire
16
Dec
28
Preferred $3.50 series
Fansteel
97
3%
International Metal Industries
Brewing
Dec
9 % May
94%
20
Nov
preferred-
International
Falstaff
10%
100
lu«
74
26%
28%
3%
28
Fairchild Camera 8c Inst Co_
Fairchild Engine & Airplane.
Jan
500
144
Sep
7%
Jan,"
;
Sep
155
May
2% May
6
10
common
'8%
x8
t
10
92
12%
loo
_
~~
8% May
115
42%
92
25
Jan
10%
21%
16%
Dec
Dec
11%
10%
10 %
Feb
Oct
13%
21%
5
preferred
Corp Ltd
Pipe Line
Eureka
Dec
700
700
i
Inc
Eureka
lOYa
625
4%
100
common
convertible
Esquire
900
144
£o
~sq
pfd
Oct
10%
1
__
77%
11%
4%
'"I
common
Empire District Electric 5%
Empire Millwork Corp
Kmsco
,
May
53%
,10%
j
■
preferred
10%
•
•
Oct
52
l
Electric Power &
75
60
82
11%
1
Easy Washing Machine B
beneficial int
59%
May
40
••
9%
.5
Refrigerators Co
Common stock,
14 Y4 Mar
.100
preferred.
Hubbell <Harvey> Inc.
Humble Oil <St ,Refining.
Hurd Lock 8s Mfg Go.
4%
12%
Dec
43%
.
Hardart common
May
81
100
.
<
Dec
9%
20
•
Inc
97%
2% May
2,100
79%
83
100
11
8%
26%
•
Holophane Co common—
Hordor's
5%
common
1,700
4";.
Feb
^n
Horn
preferred
1,500
17%
8%
8%
'
prior
8%
11
May
13
54%
Holly Stores Inc.
6%
Horn
4'%%
90O
Nov
21%
22%
10% May
Hormel
East Gas <fc Fuel Assn
16%
7
1
Feb
600
100
Henry Holt & Co common.
18 Ya
9'A July
77/a
97
97
100
4%
preferred w w
preferred w w—.
15%
Feb
7%
7%
Dec
72
5% %
Heyden Chemical common
Sep
12
May
4% May
11% May
9
300
10
& Co class A
Feb
6% May
2%
10%
Class A
(R)
Feb
4 'A
2
10'/a
Heller Co common
Hoe
Feb
Feb
5
2% May
200
11'
Feb
7%
——
,
8%,
11
-25c
Jan
Apr
Nov
70'A
300
:
16.
5
Dept Btnrea common.
Mining Co.
Helena Rubinstein—
Hearn
■
15%
h':;8%
7%
a
Hecla
Nov
Dec
28
67/a
48
106
■
~3% ' ~3%
2%
.1
,
9%
8%
40 Ya
Nov
5% May
100
»
May
8%
400
200
com. -1
79
Dec
8%
38
54
Dec
75
-
—•
9
100
.5%
8%
5%
.1
Hollinger Consolidated G M,
rets ord reg
Apr
Jun
39%
38 V
May,
Dunlop Rubber Co Ltd—
Amer dep
145
133%
•
of America, B/non-vot
Hathaway Bakeries
Corp.
£1
rets ord reg
July
11%
Hazeltine
Ltd
Amer dep
Dobeckmun
6%
50c
Feb
112
400
Hartford Rayon common—.
common
Feb
400
25
2%
Corp
Oct
14
"isY»
100
10
h
20%
Stores
Dec
9'%
\
May
gi i.-.: Sep
Jan
25%
44%
•
2%
2%
'.V
9
9'A
100% 101 %
43.l
5
CoV—-.1-1—,
Ltd
Lamp
20%
Foundry
j
Dec
-".70
95% May
•
Hamilton Bridge Co
1
Iron
-
■
H
Hall
Dec
22%
Apr
9%,
800
12
155
Dec
10%
2,500
500
■
47% May
9% May
»
250
135
135%
Feb
Feb
10%
1,500
22%
"
f
'
Jan
6%
7%
20%
20%
i
Manufacturing
38
•
100% 103
101
100
As.Alabaatine
10
Distillers Co
Duke
Aug
200
v.
Jan
Raynolds class B
Devoe St
Draper
Apr
Gypsum Lima
~9\.
8%
common—25c
Products
Detroit Steel
Diana
&
Oct
8
145
8
common
38
10%
100
;
.
32
20
35
7
10%
9
common
900
7%
35
Dayton Rubber Co class A
8%
May
28
'
200
7
25
pfd—
Jun
Jan
Nov
;
'
350
>
J an
Dec
104%
96 *"
<
20
8%
-
•.17 ', -17%
17%
100
Gulf States Utilltiea $4^40
V
Jan
61%
39.
A
.>■
1%
'% May
s>
.'i44'M'-Apr t< i'--56
15%
•->' 7% May
•*-
f" 6,100
601'•
8%
—
——
%
'
(:5%
•
Jun
48
:io-
58;
—i—S
stocks—.
common •
1st preferred
Northern Paper..
1%
Davenport Hosiery Mills
•*
High
''■
3% May
so
%
%':
58.
pfd__25
1
conv
Rapid*Yantish
Jan
Great
Dejay Stores common
Dennison Mfg class A
common
17
D
.
Range for Year 1947
1,200
►
91
.10
Graham-Paigoc Motors $5
Oct
50
.
>'56 ^vi 56
Gorham Inc class A
Grand
18%
50
"
14
1
50
5% May
10% May
300
161/4
15 '/a
.
Low
3%
3
U—
-*■
...
7% May
-2.50
Shares
25% May
Jan
107
'
—.
,
Goodman Mig Co..
39
■
'
,—1
$4.50 prior preferredLi—
Goldfield Consolidated Mines.
3%
'V
■
-
for Week
"
High
Low
class
Dec
•
Range-
Class B.
7%
Apr
17%
1,900
Dec
20
Dec
104 Va
191/4
18 %
19
7%
May
1%
(Mo)
Co
Godchaux Sugars
21
Cuban Tobacco common
Curtis Lighting Inc common.
Gobel
Feb
3%
...100
;
Feb
10%
4
4,200
3%
14%
Dec
15%
9
Sugar
preferred
5%
_25c
;•
10
■
(Adolf) Inc common—.
Dec
6
200
'.
Sales
<
Week's
*
Last
■■
Sale Price vof -Prices v
''' Par
•
7%
1,700
6%
3%
6
5
•
(Md)
International
Drug Co common
Crystal Oil Refining common
75/e
NewYsrk Cnb Exohangs
.
High
Low
6%
1
Crown-
$6
Range for Year 1947
Shares
High
7'/a-
Crosley Motors Inc
Crowley Mliner & Co
Friday
•
for Week
of Pricee
Low
Par
'
ENDING JANUARY 16
Sales
Week's
Range
Friday
STOCKS—
'
'
EXCHANGE
CURB
YORK
NEW
Monday,; January 19, 1948
FINANCIAL CHRONICLE
~
20% July
Ford Motor Co Ltd—
Amer dep rets ord reg
Ford Motor of Canada—
JE1
Class A non-voting
Class B voting
5
17%
17%
—
—
Ford Motor of France—
Amer dep rets bearer
Fort Pitt Brewing Co
Fox
1%
1%
1%
8%
18
—1.23
8%
18
Franklin Simon 8c Co Inc
4
%%
Fuller
Sep
3
Mar
Jun
10 %
Jan
Dec
31Ya
Feb
6%
Dec
14 Ya
A)
9 Ya
j
38 Ya
12%
Co—„II__
5
12
11%
Nov
Brown
Stores
1,900
700
11%
Dec
V
Preference
;
__—.——
Julian & Kokenge C<*
G
10%
Gatineau Power Co
6% May
Oct
15
8%
Apr
19%
Feb
Dec
104 %
Feb
May
9%
Oct
May
3% May
3%
Jan
6%
Jan
32%
Jan
8%
87/a
800
4
•
2%
2%
200
2
1
4%
4%
1,800
24%
^150
—1
General Builders Supply Corp.
11%
86
.100
preferred.
Gellman Mfg Co common.
General Alloys Co.
conv
2,200
common.
5%
5%
10%
24%
preferred
24
22
Apr
General Electric Co Ltd—
Amer dep rets ord reg
General Finance Corp common.
5%
-1
7Ya
Fireproofing commonGeneral Outdoor Adv 6% pfd.
.100
General Phoenix Corp
1
General Plywood Corp
1
General Public Service $6 preferred
•
General Shareholdings Corp com
1
$6 convertible preferred
•
7 Ya
700
7%
-
7%
7%
100
33 Ya
.10
preferred series A
General
35%
400
"5% "5%
Jan
14
9%
9%
Jan
37
Dec
109
Jan
Feb
Nov
-
May
900
5%
Dec
5%
17%
Nov
25%
89
Jan
~3 Ya
600
3
May
96%
96 Y2
20
89
Mar
(Waltery Ab Co_—
Kimberly-Clark >Ctorpr4 %>&
preferred
Kings County L(gbt*iig v7^. pfd
5%■ prefexxe«LB^—
King Seeley Cogpr-,,..
•
Kingston Product*..,
117
50
4%,
18%
700
150
Co
Gladding McBean & Co.
.2.50
Gleaner Harvester Corp.
Glen Alden Coal
19%
24%
25
19
Inc
see
page
33.
18%
20
18%
21%
14
Glenmore Distilleries class B.
For footnotes
24%
"4%
700
4%
Dec
25
24Y2
Jan
.25
Kirby
15%
7'A
Dec-
Jun
30
Petroleum
Kleinert
(I B) Rubber Co
Knott Corp common..
Kobacker Stores___
Jan
6 Ya May
10%
Nov
8Ya May
14%
Feb
111%
Feb
49
;14
16%
Dec
87 Ya
Feb
Dec
69
Ya May
14%
'
1Y4
-
300
12
4'A
400
July a
4
17%
'
16
IY4
170
1,600
1%
1,300
7
7%
Jan
17%
Sep
'
Feb
6"
Feb
19
Jan
Dec
112 July
tlV4 Jan
13%
*
,
Dec
25 Ya
Feb
14
Dec
20
Aug
19%
Apr
26 Y2
,
'
400
7%'. 18
Sep
7% May
10 Ya
Jan
13% May
7%';
1
Krueger Brewing Co
May
38
4%.
:
15
108
14%
1
26
75
53
52%.
1
;.u—1 a
—1.
1
*
—-—10
1
1
Oct
Feb
26% Mar
Dec
200
9%
f
i
100
Ltd
18 %
125 Ya
100
9
9%
v ,v
B„_10O
——
May
5
35,200
15%
15%
8%
100
(D Emil) Co common
Kirkland Lake G M Co
Klein
12%
12"
5
t
.
100
4%
18 Ya
NOV
12
17% July
Oct
Oct
Jun
22%
Feb
54 %
Aug
17%
Jan
Sep
29%
Apr
La Salle Ext
18%
Jan
25%
Dec
Lefcourt Realty common
111%
14%.
700
Sep
115% Mar
Dec
110%
4% May
13%
5,100
16
21,400
300
13
99% Aug
Jun
9% May
Oct
Oct
6% Mar
Laclede-Christy Clay Products
Lake Shore Mines Ltd—.
Oct
NOV
Leonard
17
Jan
Le Tourneau
(R O)
Inc
•
May
1,200
9%
Dec
15 Ya
1,600
10 Ya
5%
Apr
8%
6% May
9%
Jun
6%
6%
7%.
7%
21%.
22%
1,100
27 Vst
27 Ya
5
Jniversity
Prior preferred
Oil Development
22%
17%
.9%.
i
100
16
16
—8
1
Lakey Foundry 8c Machine
1
Lamson Corp of Delaware
5
Lane Wells Co common
1
Langerdorf United Bakeries class A„*
Class B
•
Lanston Monotype Machine
5
27%
4%
.17%
(A C) common
Nov
12%
5
52% May
11% Dec
115
4%
Jan
6%
Feb
"5 Ya
—
*'.'7Ya
Dec
Dec
700
Preferred
Globe-Union
May
7% July
24
109 %
Glant Yellowknlfe Gold Mines.
Gilbert
Dec
18 Ya
17
preferred.
Gilchrist
6
100%
5%
—
•
Georgia Power $6 preferred
$5
9%
JE1
22%
Jun
4Ya
122 Ya July
12%
100
•
Electric 7.% pfd
1
1—
Kldde
10%
Dec
3%
500
4%
1
—
Kennedy's Inc
common.
9 Ya
200
K
Kaiser-Frazer Corp—
Kawneer Co_
Corp
900
5%
5%
9
25
Feb
Kansas Gas &
Garrett
Feb
9%
5%.
5%
j
1
1
1
*
*
common
common—
Feb
14 Ya
Jim
Glass Cw
Lake Sulphur Co
Jefferson
Feb
Dec
6% May
__
Stores
(Geo
1%
7 Ya
17%
preferred.
conv
Franklin
600
700
200
26%
8%
(Peter) Brewing
Jeannette
6%-
,
100
Feb
Oct
15 Ya
Jan
24%
Nov
75
26
Dec
34
Jan
Jan
23
23
50
21% May
30
21
21
200
12 Ya
Apr
24%
100
5Ya
Jun
7
Jan
200
7
May
12
Jan,
44
Jan
44%
Jan
10
10
1
*
25
1%
1
18 %
6%
Oct
Ya
"l%
9,700
1
Sep
2
Mar
18 Ya
19%
10,700
16
Sep
29
Jan
"l
Volume
COMMERCIAL
:«i THE
Number 4665
167
YORK
NEW
•
Friday
;.i
York
Curb
1
I
Exchange
''
Line
Material
Lionel
Corp
Loblaw
preferred
common
A
400
.
ui-5
25V2
25 %
.
Star'Gas Corp common
10
Longlnes-Wittriauer Whtcb COi—_i—_1
Long Island Lighting Co—
i
• 1 • •
20
Jap
Sep vV;
29
Jan
Jun
27
Dec
'Ii:
preferred A ctfs of dep___
;•
preferred ® ctfs of dep
Louisiana Land to Explorationiii__1
Louisiana Power to Light $6 pfd-——♦
—
'
16%
Jan
1
27,600
•
57%
60
%
150
54%
200
•
18 <;•/
18
f
18%J
<-
112
'.
J-7
,
Ohio Power 4% %
Oklahoma
—
17
Dec
11%
130
%-
Jan
90
I100
preferred
Natural
t
United
Filters
7
Jan
20
July
Stores
5%
Manischewitzf
16%
1-*
(The B) Go
Mapes Consolidated Mfg Co
Marconi
International
Communication
Marion
Power
Massey
Harris
Marine
OH
Coro
97/«
commonic___:.'_-h!
5
10%
4,600
.'
-
ii--*
to Co—i
Memphis Natural Gas
Menasco Mfg Co.-
r
39
i" i i
11V4
—1 'f"
u
-—.5
commo:
'
11%*'
5%;:
1%
Mar
10%
1.000
■
■
1%
Corp
tiiPi % /1 ~6%.
?
••••i
ii'
*,
-
V."Oct;7:
«
,
■;
,
■
-8%- v.8%-- :
i%2 -;/
;*'-v 9%
■
Class
B
t
v
Zf.
Middle West
1
i""
*
$2
MLdvale
Co
common
-
Oil
Co
Miller
%_•_»
common.
Refineries.
Wohi
4% %
Co
;-T;
Missouri
to
L
Montana
Morris
Plan
Mountain
5
*eb
J-516'".
*-*' '<
14%
Feb*
i-i-3%. Apr
7%
Mountain
States
Tel
31
T9% -Dec
33
20a
•
!3%
Nov
12 Va
Jan
"'
•
■
common
to
27%
?
i_
Tel
Muskegon Piston Ring common
Muskogee Co commoiu.^
»
23%
Dec
28%
Jan
5%
Jan
7%
:
—
Light 4%%
Water & Power Co
Co.
Circle
*
■
•
104
5%
300
4%
Apr
54%
1,600
52 %
Dec
5%
5%
200
4
Dec
9 Vb
400
40
Apr
60%
Oct
14
10%
200
10%
5%
1,900
5Va
Dec
10»/4
10%
9'/a
9%
■
—
Apr
12% Mar
Dec
5Va
—
"
13%
Dec
21%
Feb
Jan
9
200
1
Scale
■
~2%
~2U
1,300
2%
2%
2%
1,900
14 Va
27
July
~4
Feb
2
^ Dec
1"% Dec
12%
13
1,100
60%
60%
61%
8%
9%
1,800
4%
47/a
47/a
49 Va
640
9%
100
8
13 Va
common-—2.50
of Canada common—
"4
_37/a
"
11%
Dec
24
•:
May
Jan
Feb
8% May
7%
2.50
"
40
39
*
,
13%
Feb
Dec
96 Va
Oct
35
400
May
'
Inc
Corp of Nevada
1
7
Gas
8
1,000
11
1
of
Public Service
Feb >
common
America
Metals
11
500
2
Dec
8%
Dec
13 %
Nov
13,300
10
200
1%
10
Nov
2 V*
Feb
Dec
17%
Jan
8%
1%
Apr
10 %
Oct
95 Va
Dec
103%
Sep
Dec
110%
Jan
Jan
45%
Nov
1
10 Va
Colorado—
of
100
94%
94%
•
•
6
preferred
cumulative
Puget Sound Power to
•
■
v
11% July
173
Mar
93%
94
175
88
42%
43
400
25 %
12%
13'/*
875
50
Light—
''
Dec
'"5%
Feb
15%
194
41%
13
Apr
5%
2%
10
Quaker Oats common.
6 %
preferred
Jan
13%
Manufacturing
.100
Pyrene
Jan
Dec
Feb
Feb
Quebec
Dec
Power
88
87
Co—
300
151
170
14Va
luO
Jan
Feb
18% Feb
96
Dec
149
13%
13%
May
85
90
89
150
13%
Nov
"
700*
600
-
14%
11 Va
Jan
T«
12%:.
Apr
Dec
July
Sep
3%
"'•"8% Aug
26% Dec
9%
7%
12%
Jen
.600
6,900
prior preferred
Puget Sound Pulp to Timber
Pyle-National Co common
ii'Feb
3%
2% July
v
600
May
^*'
■
$5
Feb
48
9% May
x8%
*
30 "'•
'
-
3'
31 % May
12%
Feb
6%
19%
87
*z
Prosperity Co class B
Jan
140
12%'
Jan
10 % May
600
*
Pratt to Lambert Co
'
Mar
/ i"- 200
v
Feb
7%
17
3% May
100
Providence
10
150
•
Nov
63
4Va May
1,200
13%
Feb
46 Va May
Apr
May
14
~37/a
25c
1st preferred
Dec
•
Jan
6%
14%
May
40
13
10
10
common
Alexander
to
2%
-1
Mining Co__
Power Corp
400
25
25
v
Feb
9% May
100
-
Ltd Amer shares
2
50
50
5
1
:
Jan
57%
,10%
~5%
-
■*
Jan
69
•
—50c
Producers
106
700
~4Vg-
NOV
7 %
56 Va
__
-2.50
•
Dec
•
Feb
114% July
Dec
103
Feb
4%
■,
''
•
—20
Corp
11%
5
Dec
V 2 Va May
«•" ' '
300
5%
nil
to Rubber common
—
100
2%
105
Feb
52 Va
52 Va
-
Feb
Deb
2,300
,
11%
14
104
-2.50
Traffic
Penn
•:
~2Va
pfd_—. ,_100
Jan
6%
,
i.
1/2.%:::
.
400
6 Va
6
6%
class A common.
Elec
17%
97
37
Dec
v
"18% May
13.
Dec
300
::3yi
101%
•"^27%' 28%".'
_lo
20
100
13% May
7,200
Pressed
700
..
2.50
.
>
24
.
Feo
•
•
Feb
24
.25
-1
Prentice-Hall
81% May^;*f-;i 88
100
Mfg Co
52%
•'
Dec t
'.»'-75
.
172%
13
Dec
Jan
Jun
4%
3,400
:••
.
25
■
18% Feb
Jan
'
•
%
13
Dec
11
I87/»
1% May
675
(:-r
,
-
7%
-
5c
Dec
Apr
8%
16,900
Dec
Powdrell
Feb
3,100^
26%
11%
10c
ll7/a
10%
Nov
•
common
Power
Dec
13% May
6
•
107/a
25%
13
81%
Pneumatic
Dec
july
12
700
3
170
V'
Mar
Sep
Jun
Pleasant Valley Wine Co
'
12%M«y: ^v.v1fl% Sep
3,200
3
>
170
27%
Oct
24%
200
26
40%
Pittsburgh to Lake Erie
Pittsburgh Metallurgical common
Feb
'Dec
26
25'
"
101
•'••^•2%
U%
*
10
8tates
Murray Ohio
"2%.
•
Mar
300
Pltney-Bowes Inc
:
Pittsburgh Bess to Lake Erie RR
'Feb
425
•
■
-.4-
33%-.
•
Aug
IB
45
Piper Aircraft Corp common
■"
/«yB- Dec
V
25%*
i
-1
:
Producers
Mountain
■
~2%.
,0 ;-.7%
1
pfd
America^.--.
of
■"-
"7%
:
_t
...
Utilities
Corp
101
105
Feb
44
Pioneer Gold Mines Ltd
X>ct
•
-50
v.-7%:?.
5%
101
*
common
common—
City Copper
'•
'-30%
5%
100
Montgomery Ward A
Moody Investors partic
Mountain
■
.'
105
Dec
25
25%
Pierce Governor common.
-
'•••!
r
.
150
7, •/
19
~2%
7
Jan
Oct
95
Jan
4%%
•
pfd.
Society A
Dakota
'_^w:
*
.30%
Public Service
Loan
'•
preferred-^-. —50
Molybdenum
Monroe
&
1% May
24;900
3%*-:
..>18%
,1.^7%
5%
Corp
Monogram Pictures
18%
_50c
Mining Corp of Canada
P
!
•
22%>
•;,;-~2 %
—1
common
convertible
Minnesota
U&i-
•»% MKf-i-
5,800
,
26 Yb-
.'3 %
V
101%
200
X94
,:
Jan
SOOv."
-
13%
_50c
—10
Midwest Piping to Supply
Mid-West
15
v
21%
—
._
80
94 %
12
x94
Phillips Packing Co
0*111% May /'
:
700
7'/«
26%
.
103% 103 '/a
41% Mar
38% Mar
59%
6%
—_
Dec
60
'
Mid-West Abrasive
Midwest
•
14%
•
Dec
29%
20%
Philadelphia Co common
•
dividend ahares.:—.
non-cum
32%
200
95
'
13
conv'pfd—
Midland Steel Products—
j
1
Fek
1,900
20
Polaris
Midland Oil Corp $1
h]
<12%
35
31%
95
Pharis Tire
•
-^•^•v,«i«yr
400
23%"-
6%
«
Jun
34%
31%
*
Perfect
'22 % ' Dec -:
Corp—
Ex-distribution
Feb
1
Pep Boys (The)
Pepperell Mfg Co
Feb *'
7%
400',"
200 '
■1,600
9%-
i* V'22 %
t
v
c
16
5
Penn
••
%:i08%
Yv*.—.
Middle-States Petroleum elass A
Sep
*
•'
...
Micromatic Hone Carp.
.
Co
Penn Power to
•
Feb ■'.
-te,
Preferred iu
Jun
9%
•
Pinchin Johnson
•'V
9%
Penn-Dlxie Cement warrants—:—
•
^-4.% vi Apr
25'
•
.3%-='- 3'%
•
300
600
34%
1st preferred
Penn Gas to
.
__
'
Michigan Bumper eorp_w>-i—
Michigan Steel Tube
.i—i—.
Michigan Sugar Co—
•
Oct
Dec
16%
*
Pennroad Corp common
6% Aug
8% Aug
':' -1
'" j' TS^Vb
'
,100
■.
viia% 110%
—15
18
10
9%
Peninsular Telephone common
•2,500 •/• /-1-r •Apr —^V-3% Jan
r'%' 4%:;.;4%
.—25c
Jan
Jun
12%
50
17
Jan
Feb
8%
Patchogue Plymouth Mills
Feb
DeoMrc/'
4%
.'May
-c 5V4-'Mas*
4
—
1;':
Participating preferred.
12%
7%
Lighting $5 preferred
Light 5% pfd
Parker Pen
8% -May
•'
Ilioo fi
preferred.
Messabi Iron COii—i
37%
Oct
20%
•
800
5%
1%
i7..
Textile
•
TOO'
V>,
24%. 25
5%
•
1 •• •
Warrants
*.
Jan
5
2,100 /If3% Jan /ir^'. 28
125
% -Dec
45
-v
Metal
55
Dec
9,300
.~
»
A
Dec
7
May
dl% May
-300
26%'i 39 V.-4t
24%
39
t
3,000
17
9%
25
25
*
100
1st pfd
$1 cumulative preferred
5
-
~1% ;_2' .'"•"
2
or..,'.
,
preferred
McWilliams Dredging
6%%
Jun
'
•V
Sep
4% May
Oct
29%
1,300
7%
Parkersburg Rig to Reel
9%
T
34%
15%
1
Securities
1st preferred
$13o
Jan
25%
37
109%
Mar
17
Page-Hersey Tubes common
•
Pantepec Oil of Venezuela Amer shrs„
Paramount Motors Corp
1
;
»>„
7i, $2.50
7
20%
preferred^*5 g^cV.*-.
Co
Dec
Jun
2%
..
7%
Dec
£1
10
common
Mead Johnson
:
.
Nov
116
7
.-1
Pacific Gas to Elec 6%
21% Aug
12%
i
>
Dec
23%
~
common____-_-_-£ -_l-
convertible
100
-
'V;
Ltd___
common.
Co
McClanahan
McCord
•
Shovel-
MoAleer .Mfg
5%
Co
12%
i
—
Sep
15 V»
500
39
Dec
11
Pacific Power to
^5
common
Jan
107
Pacific Can Co common.
Pactfic
Public Service Co
31
90
B
Pacific PubUc Service
Maine
350
Dec
US
M
Mackintosh-Hemphlll Co
1,900
33%
34
O'okiep Copper Co Ltd Amer shares
-5%%
Mangel
Jan
1%
36 %
108
—15
-1
Gas
2%
1% May
1%
Jan
20
1TO% May '
15% Jan
*••700
High
Low
Jan
82%
.
Range for Year 1947
High
Jan
1%
Dec
46
■
8,500"
112-;v
Sep
53
f
Share*
35%
_•
B common
Omar Inc
Jan
11%
class
Old Poindexter Distillery
21% Nov
•*
,
Co
Brass
Overseas
52%
.2
„
,
.
20% -Vv5,100
..'•--12
•
______
Corp.
*21
100
Ohio
1%
_80o
Ogden Corp common
Feb
31
Oliver
19%
1%
6 V#
26 %
Low
Feb
Dec
8%1««
for Week
ef Prices
O
Jan
11%
7Ve May
Common ctf a of Hep
Lynch
26%
,
2314
Chain.
Last
Sale Prloe
Exchange
Per
25 V8
B.
Steel
Curb
Oct
32%
•8% May
300
York
New
High
20
Dec
25
8V»
i-8
Week's
Range
Friday
13% May
19 % Dec
•v
♦.
Lone
1
21
900
..,'^4.:,
8
-
16
STOCKS—
how
18%
20>/4
,<
■
__
*
EXCHANGE
JANUARY
•■A^Runse- for Year 1947
High
31
(275)
,,v
'
Shares
18'/4
25
•
Groceteria* class
Class
Locke
Low
10
Brothers
of Prices
5
CURB
'RANG®5 "FOR WEEK ENDING
-
CHRONICLE
Kangv ;? for Week
■t
gale Prico
Par
Co
Llpton -(ThoS J) Inc 6%
Lit
Week'ai";."'Sales".'
Last ■'
i
,\\r
stocks—
New
'"*
& FINANCIAL
H
'•
12% July
800
Mar
138% Feb
/" 27% Dec
R
14% July
Uxi4s<May
12%
July
Radio-Kelth-Orpheum option warrants-
1%
2
2%
8,060
1%
Dec
5%
17%
575
15%
Apr
19%
1%
,
200
Jan
Railway & Light Securities—
Voting common
10
j.
Railway & Utility Investment A
Nachman
Namm's
Corp
Inc
National
Bellas
National
Breweries
7%
Hess
common——
;•/,
34%
1^.. -l'
11
!
I' SVa
''
l
—:—•
common
preferred.
'"'15%
/
1
t
15%'
>v; 600
5%
~3 % ~3%
",.34%
2,800
35%
-'1'
National Pressurer Cooker
National Radiator
11%
i,ir—1 r"V.T3' %,
National Mfg & Stores common
1
■i-v'"ii%
National
Rubber Machinery
13 %!7.15%
38 :
Ltd
1
Oct
:<
•
common
Car
National Transit
Regal Shoe
21% May ■r^t,;v-;29%
700
■
Jan
Reis
10 Y4
-1,700
9%
Reed
15%
'/Nov
Jun
11%"
11
~4 '
-300
.
-.
_
.'11,600
3%
1,000
v9%
.
*18%
f'14%
Dec
17% Oct
"i%
4-2%
4%
30c
Roller
Bit
(Herman) Corp
Neptune Meter common—
10%
"'700
.-
3%
•v2
i._.
1414
Rice Stix Dry
58%
90
12%
New
Jersey Zinci_^—_
210
91%
Mexico
Co
&
Park
Land-
13
18% July
10% Jan
-.'
80':
N
4
63%
Apr
Y
&
1,800
57
Oct
Honduras Rosarlo
i^,
■
Grande
5%
10
5%
2d
;
1
—
-.96%
preferred
107
100
Class B optional warrants
Niles-Bement-Pond
28%
150
^ ;Niplssing
'8%,
x96
•'
25
—•
—
—1
Mines—
.
,
.
>16%
.42
•
41%
•
common
700
3%
1,500
23%
Jan
5
Dec
8 Va Mar
2%
Dec
3%
Nov
22%
24
550
14% May
24%
Sep
26%
100
22
May
32%
Jan
4%
4%
800
3% May
6%
Feb
1%
•'
2%
6,900
2%
Feb
'.
%
%
*
8%
10%
3,300
10%
t
1
7 Yn
190
'.
•*
4,700
.,191%.;
425
:
2,100
-
•1,600
*
2%
"2%
•
19%
*
.3-
-
50
1.
300
91
Inc
1
Novadel-Aaene Corn
•
33.
40%
/
^
8%
iRusseks Fifth
Ave
Consolidated
100
91
i
101%-
38%
40%
7%
8%
.
21-
21%.-
10%
Feb
Feb
•
•
li% Feb
32
•"192%
*Apr
Apr
IQa
]■
•
-
325f:
•
-
2%
10
900
>;
■
Dec
:•
-/ 45% NOV
?^/--44% Dec
1-5% Jan
Nov
Mar
17%
Dec
27/a Dec
7%
Jan
101%
Jun
92
v
Dec
99% "Dec
v-
*110
46%
Bt Lawrence
•
700 V/'j*
24%
Dec
19%
200
15 Va
Apr
24%
Feb
4%
4%
1,100
9%
10 Va
2,800
5
Sep
11%
Nov
6%
6%
2,000
3%
Apr
6%
Nov
13%
1,900
1,100
)15
•
6%
Oct
18%
Feb
14
Apr
10% July
4%
1
.
Class A $2
Feb
6%
3% May
Feb
«
pref
50
34%
1
11 Va
United
Samson
(D A) Inc
Bcullin
Steel
Co
~3Va
1
6%
12,300
121/4
•
-
16%
7% May
27% May
44%
Jan
5%
Feb
4
Dec
3% May
8%
900
3%
100
3Va
12,800
2%
Dec
1,300
29%
Apr
2%
32
121/4
V 2%
18 Va
2%
,
■
'
Oct
IVa May
200
3%
31
Oct
Nov
13
2'/4 May
2%
2%
11%
32
25
common
10
37
3%
2%
1
Manufacturing
34
2%
—25c
common
Bcovill
12%
—1
Corp common
(Del)..
Bayre to Fisher Brick Co
Bchulte
'
Corp Ltd
conv
Bait Dome Oil Co
31%
Becurities Corp General—
Beeman Bros Inc
Segal Lock to Hardware
•
IIIII
_i
$5.50
prior
Allotment
Bemler
Sentinel
I_IIl
800
8
300
2%
May
Feb
6% Jan
.
87%
Jan
Sentry
Berrlck
Radio
2%
%
Dec
4%
Jan
15
200
2%
3,800
23%
50
2%
2,100
17
May
2% May
19
May
21%
4%
25
Feb
Jan
Dec
3%
Feb
5
16%
16%
17
1,150
13
May
21%
Feb
81%
80
82
200
78
May
90 Va July
2
Apr
80%
Jun
92
5
5
200
4%
Dec
13%
"2%
2%
21/4
400
2
Dec
4%
Feb
1
1%
IV4
1%
200
1
Apr
2
Feb
11%
11%
IOO
8%
Jan
«...
IIIIl
common
Safety Control
Corp class B
2 1/4
1
—
Inc
Corp
"2%
18'A
2%
23%
18%
Dec
25
stock
certificates
(R B)
•••
_*
Selected Industries Inc common
Convertible stock
Feb
Feb
I
Belby Shoe Co
Jan
-r5>79% Mar
v'
7%
Jan
I—L25
common
14% July
Apr
6 Va
,^28% Jan
.
4,400
'
101
Jan
-
3- 1
Dec
3%
100
Dec
Jan
Jan ■•'•■:■-'• >14% Aug
Dec
•
'"•2 .
Jan
30%
_
.25
16%
10%
"
155% May
42%
16%
North, Penh RR Co
Jun
1
42 V2
10
1,000
Jan
6%-May
42
•
Northern States Power class A
Petroleum
IT> <May
.
41%
100
5 Va
Dec
Jan
'10%
2,000
7%i.
10%
51
Mar
19
Ryerson to Haynes common
47%
25
*
Royalite Oil Co Ltd
Ryan
21%
200
47
25
4Va
25
10
Steel Co
Feb
8%.May. v
^•9%Jfay-
3,800
17%-
10%
1
Dec
Dec
107% Mar
Dec
25
5%
5
Co
'
% May
200
..-IVa.'-
16%-
■i.-
13
1
.Northern: Ihdtana Pub Serv 5% pfd.100
Rotary Electric
Savoy Oil Inc
v
46
5
common
Inc
10%
83
7% May
900
Corp
Petroleum
Co—
May
10
,2,200
8%
■
1% May
93%
£1
Ryan Aeronautical
Dec
122% July
1% Jan
5
5%
2%
1
Jan
Apr
North American Utility Securities
For footnotes see page
5%
100
pfd F_
ituiii
110
Northern Central Texas Oil
Northrop Aircraft
18% May
5%
'13% Jan
6% May
200
26%
2%
830
Northeast; Airlines
■v
'<
'*■'<
xl05% 116
191,
•
7»/b
15,300
Cable
Jan
124
Vi%-
1
'"
Aug
7% May
300
8%
Rome
Jan
Dec
,12%
—_5
16%
*
Roosevelt Field
96
..10%
North American Rayon class A
•
11,100
"4%
dep rets for ord reg
Root
-750
-
North Amer Light. As Power common—l'
v 86
preferred
-ua_—•
.-Claaa, B
7%
Royce Ltd—
Amer
•
70
28%
Rolls
Jan
102
v
ri" Noma Electric—
vi
500
8%
5
com
Nineteen Hundred Corp B,
-
10%
15%
-.8%
.100
common
Niagara Share Corp class B
v
75%
13
1
-
1st preferred
Sep
21%
24
5
Engineering.
67%
*Mr>- 7%
1% May
10
Niagara Hudson-Power
Jan
55%
Valley Gas Co—
15%
:
3% May
1,200
10%
10%
12,600
1%
Shipbuilding Corp—
Founders shares
V
i'
8%
28%
•
N Y Merchandise
-
64%
7%
Feb
*120%
May
10
75.%
Y Auction Co common-
Y
38%
Feb
7%
Goods
8%
Dec
.,1%
Mining Co
New Process Co common.
N
>
1
—
Rochester Gas to Elec 4%
;
Dec
150
12%
.78%
New
12%
.63%
New
N
Oct
29% May
500
2%
_1
&
(Texas Corp) v t c
Jan
Feb
Co—
convertible preferred
to Arizona
x33
31%
Sep
8%
May
Rio
Feb
«
>13
'
4%%
x32
7%
Richmond Radiator
Juy
24
Oct
-4% Jun
New England Tel & Tel
Watch
Feb
Feb
2
'' Dec
20%
Co
(Robert)
Reliance Electric
•
Jan
Mar
*>/. 8 %
100
Nestle Le Mur Co class A
Clock &
■
Co
Roeser & Pendleton Inc
Nelson
Haven
1
225
*
National Union Radio
New
x32%
31
.,
's Jan
48
Apr ..w^atf'/auly
'13-^ 7May
I«% Oct
,300
38%
9%
•
Steel
700 V, >
.38%
.
_4
National
14
45
Jun
II
4,800 /
12%
: ?• 13
.13%
.
2
common
Co
43
Nov
30%
—
27% May
51 i
—10
Raymond Concrete Pile common;
*
$3 convertible preferred
*
Raytheon Manufacturing common
5
Aug
4%Feb
34%
v
National Fuel Gas
16%
Apr
2% May
Dec
."540,
25
National Mallinson Fabrics
11% May
V
'
16%
1%
1
Rath Packing Co common—j
"
—10
common.
v v
—
,
....
1
—
._
July
Ja*>
13% Aug
'
COMMERCIAL & FINANCIAL CHRONICLE
THE
(276)
RANGE FOR WEEK
Week's
Friday
York
New
Leather
Bhattuck Denn
4%
17%
5
*
Mining
Bhawinlgan Water & Pot/er
-1
common
preferred
17%
17%
15%
1,100
,, r
69
72%
1,100
70%
Ltd
Breweries
Bilex Co
$3
200
9%.
600
2%
400
Sep
16%
Dec,
253
Dec
Apr
13
Oct
Dec
17
Feb
Oct
Apr
100
250%
Not
3%
800
3%
Sep
Jan
312
57A
Apr
10%
11%
10
3%
200
3%
3%
1,100
9%
9%
200
Apr
Oct
Weyenberg
15 Va
Jan
Whitman
Dec
8'A
Feb
Wichita
4%
Sep
Wickes
10 y8
Nov
Williams
(5
May
4%
1,000
Jan
35%
2,000
27
May
38%
Nov
20
27
Jun
35'A
Feb
7
3% May
24%
24'A
42%
25
42%
4%.
10
5
—
(R
Co
&
Oil
C)
Corp
Co
33 % July
Woodley
29%
Woolworth
3%
Jan
Dec
6%
8%
Feb
Wright
800
4% May
6%
100
4% May
9
10
19
111
2,400
155.
Oct
113 % Mar
Feb
8%
20
May
Feb
Jan
19%
Dec
105
May
May
26
Jun
37%
25
18
Jan
27
Sep
100
14
Apr
18%
Dec
31%
Nov
25
24%
24%
18
24'/a
35%
18
180
Nov
32
Mar
Dec
14%
14%
1
common
400
1113%
Dec
20%
400
13
May
6%
7Vs
1,100
6%
11%
11%
150
11%
Oct
21
8'/a
Dec
20'A
Jan
19%
Jan
8%
Jan
Dec
Dec"
r
'
'
5%
700
10'A
4%
Dec
14%
600
13%
Dec
18
19%
7,000
100
100
100%
30
~5%
14
19%
*
„
14%
j,
25
w
w
14%
20
100
2
13%
13%
13%
18%
21%
1,000
Feb
19'A
,
11% May
103
Dec
200
17%
1
Nov
Dec
108'A
Feb
May
16%
Feb
9%
Jun
21%
Dec
9'A
Dec
14'A
Jan
2V8
Dec
"3'A
Feb
11
Ltd—
(F W)
deposit
5s
receipts
preference
—
'
—
—
■
£1
Ltd
Hargreaves
*
"2%
2 %
Jan
U%
23
..
Dec
V. 9 % Nov
4,200
400
21
3
May
25%
•"
17% Mar
50
.
—
Feb
4,900
V
Jan
36
'
Dec
400
3%
3
1
Feb
9%
Feb
Jan
2%
10%
Friday
BONDS
4% July
21% July
19
19
10
10%
2,200
9%
Nov
13%
27%
29
3,200
27%
Dec
32% Mar
900
1%
Dec
4
Feb
1%
20
2%
6 Va
5%
25
1
Petroleum
American
41%
4%
22%
10%
1
common
Jun
8% Mar
Aug
16%
1%
10
preferred
Dec
22
200
Aug
6%
4;.;'
1% May
113% 113%
•
Industries Inc
Woodall
46
4%
--■
Dec
800
1,000
10
Inc
preferred
Dec
2,000
4%
43
Feb
3%
12%
8%
2
5
&
Biotliers
5%
Dec
2.78
preferred
Corp
200
24%
Dec
35%
1
1
Corp
Products
25%
600
29 Va
Feb
5%
150
3%
155
Apr
27
8%
17%
v
Dec
1%
17%
10
(Wm)
34%
28%
29 Va
Dec
Dec
8
20
Winnipeg
25
Feb
1%
com—*
Shoe Mfg
River
Wilson
30%
-*
Dredging
Stationery
Inc
(The)
30%
4%
&
Coal
Jan
13%
113%
Apr
25%
35
*
convertible
Tablet
Westmoreland
30%
25
Brewing Co
Standard Cap & Seal common
$1.60
113%
$6
Elec common..
Wisconsin P & L 4%% pfd
Corp
Inc
Convertible
preferred
*
West Virginia Coal & Coke
5
Western Maryland Ry 7% 1st pfd__10O
Utilities
35%
10
Standard
Standard
1%
West Texas
3%
Dec
600
6
3%
,
bv8
Willson
-1
5%
—.
.-1
102%
3%
,
-1
1.25
Corp
Manufacturing—
7 % May
2,200
3%
~3%
12.50 "
5% original preferred
4.48% conv preference
4.32% cum preferred
Btahl-Meyer
——
;
Jun
10%
.
warrants—:
Aircraft
Dec
27
Southern California Edison—
Shoe
Baking Co
Warner
2% Mar
20
90
24
1A
Southwest Pa Pipe Line—
9%
6%
90
-1
Boss Manufacturing common
South Coast Corp common
Spencer
Ward
Co__——
1%
x8
109%
l7/a
30
;
Watch
Westmoreland
--1
Southern Pipe Line—
Southland Royalty Co
pfd
cum
Waltham
Western
—1
Corp
Jan
700
*
Manufacturing Co
39%
7%
3%
100
Paper Mills
Sep
255%
253
£ 1
common
$2
Feb
9%
375
U%
7%'
100
Solar Aircraft Co
Bouth Penn Oil
2%
8%
36%
1
dep rets ord regis
Bioux City Gas & Elec Co—
3.90% preferred
Bonotone
10%
•
Amer
Bolar
2%
8%
Co
Wentworth
preferred——
(Howard)
2%
Publications—
Simplicity Pattern commonBinger Manufacturing Co
Singer Manufacturing Co Ltd—
Bmith
*
Wagner Baking voting trust ctfs ext_*
7% preferred—-.100
Waitt & Bond Inc—
!'
1
73
Aircraft
i
Waco
27
High
V
Jan
115% July
Oct
Low
•:«
Dec
11%
10%
*
convertible
16%
400
Range for Year 1947
High
17'A
Dec
67
22%
16%
Low
24
Nov
106% May
16%
Shares
Feb
9% May
*
common
Bimmons-Boardman
4Va
16%
100
:
Bherwin-Williams of Canada
*
Shoe Corp of America class A——u—*
Bick's
900
3
for Week
Dec
2 % May
1,400
15
I
—
25
—
r
16 Va
Sales
Range
of Prices
Par
Jun
11%
2%
Week's
Last
Exchange
Curb
High
Low
2%
York
New
Range for Year 1947 ;
High
*
common—
Bheller Mfg Co
Sherwin-Williams
Shares
Low
Par
Seton
Friday
Sale Price
STOCKS-
for Week
of Prices
Sale Price
Exchange
Curb
ENDING JANUARY 16
Sales
Range
Last
STOCKS—
EXCHANGE
CURB
YORK
NEW
Monday, January 19, 1948
Dec
3%
Feb
New
York
Week's Range
Interest
Last
Period
Exchange
Curb
Sale Price
or
Bonds
Friday's
Bid & Asked
Range for
Sold
Year 1947
'
Standard
Forgings Corp
Standard Oil (Ky)
Standard Power & Light
Common class
7%
Dec
12%
4'/a
5%
1,300
4%
Dec
5%
3Va
200
2%
Dec
4%
-
4%
4%
700
4 Va
May
9%
Feb
4%
*
common—
60%
B.)
Co
&
Co
"£%
1
series
Corp
Sun Ray Drug common
Superior Portland Cement, Inc
Superior Tool & Die Co
Swan Finch Oil Corp
Steel
Boston; Edison
A5s
1960
1998
—1948
Jan 1966
Debenture
5s
1969
Jan
Debentures
3s
1977
2%
Jan
18
Sep
1st
ref
mtge
Feb
1st
ref
mtge
29
30'A
700
26
35% Aug
1st
ref
2%s
25c
16'/a
16
16%
1
3%
3%
10
Dec
Consol
July
20"%
4%
Jan
12%
Apr-
16%
El
Gas
Lt
(Bait)
Pwr
&
Nov
Consolidated
:■
__
; \
—
Gen
City)
&
Western
N
10%
Texon Oil & Land Co
5
Tilo
Co
common
Roofing
Inc
Realty &
Brewing Co
Tivoli
Construction
29 % May
34%
10% May
300
2,300
1.19%
Jan
8%
Ercole
13%
200
14
650
33
Jan
44
500
19
Nov
25%
Dec
22%
Jan
1
14%
400
12% May
14%
i47/8
A 6 %s
Dec
20
14%
600
12
6%
6%
100
7
Apr
5%
Apr
Elec
Mfg
Nov
ex
&
Allied
Stocks
*
Tobacco Security Trust Co
Amer dep rets ord regis
.Amer
dep rets def
Shipyards Corp
Todd
Toledo
Mtge
Edison
4%%
>
„
1%
96
100
96%
1
-1%
1
-
80c
Oct
May
90
Dec
1
warrants
Works
convertible
2%
preferred
Oct
2%
2%
2,600
1% May
3 Va
Jan
Jun
32%
10 Va
Dec
Oct
12%
Dec
A 7s
Union
Corp—
Chemicals
Gas
of
(Dec
E
Investment Co
Union
Oil
$3.75
Union
Co
pfd
of
Stock Yards
United Aircraft
United
United
United
of
6s
Hydro-Electric
Omaha
com
A7s
common
Gas
Light
&
United
Milk
Products
Railways
1947
1
Nov
1%
Dec
3%
Feb
Dec
11 %
Feb
Kansas
7%
8
7 Va May
9%
Jan
7
Apr
104%
Jun
5% May
100
61%
3%
•
50c
4%
95
common
25
90
Dec
61 %
10
56
Jun
4%
22,400
/
2% May
*
26
Mar
62
1966
Kansas Power & Light 3'As—_—1969
McCord Corp deb 4'A 3
1956
47
1967
1961
Power 3'As
N Y & Westchester Ltg 4s
Dec
"%
4,300
34'A
50
17%
18'A
3,100
14%
Apr
18 %
Dec
19%
19%
20 Va
9,500
18%
Dec
27%
56%
103 %
107%
103%
104%
16%
Apr
Apr
30
Dec
28
Feb
25%
25%
25%
460
24
May
\l
Jan
45% Mar
England
2004
1968
1st mtge 3%s
Ohio Power
V
1st
68
103 A' 103 .A
102%
104
102%
108%
J-D
25%
24%
;Vv-;;V
' '- Z
.
,
■'
'
43
23%
25'A
$25'A
J-J
24
.
26
24%
29
42
25
7
29
$25'A
_
2
25%
$25'A
F-A
41
25
„
42
•
'
24'A
42
J-J
1
24'A
42 '
98%
99%
25%
99'A
32
98%
102%
55
J-J
25%
r.
57'A
17
60
94
34
34
$12
30
28%
'
J-J
•
F-A
28 %
~i
24%
J-i
J-D
24%
15
$104%
'
.
$107
101%
21
42%
104%
101% 101%'
1
105
107%
103%
A-O
59
M-S
>'■
59%
111
101%
104
103% 103'A
M-N
$105
J-D
107
4
1971
—1964
mtge 3s
Park Lexington
1st mtge 3s
A-O
$101% 103 %
__
101'A 102
J-J
$91
104%
107%
101%
.
104
105%
109
12
101%
107
77
95
v
Pennsylvania Water & Power 3'As_1964
3'As
1970
65
102%
30
105% 106
Y
A-O
53
105%
6
•
Feb
% May
29
•
•
1963
to
New
18
10
at 4%
Milwaukee Gas & Light 4'As
34%
106%
60
104
RR—
Valley
Extended
Jan
34'A
*
1963
bs
Power 3'As
Electric
Apr
7%
103
103
105%
$103% 107'A
1952
—1952
coupon
coupon
Altalian Superpower
5%
84
65
100
Co—
1940
300
7
1
Preferred
1
1,500
176
Corp
Corp common—
United
ex
Nov
5%
warrants
Elastic
United
.
with
Midland
Products
Chemicals
Corp
1957
1952
2%
9.5:
103
F-A
'
1952
coupon)
5%
•
55
'
55
$56%
M-N
-
1952
2%
•
A—
68
$70
$100% 102
J-J
1957
Interstate Power 5s
Calif—
series
—
—
J-D
1955
1955
coup)
F
series
A7s
500
J-J
19/0
(Aug 1941 coupon)
5%
—
36%
—
$62
J-D
1957
2%
*
124
68%
Sec—
1941
1
5
Canada
Union
Power
10c
Corp
120
120
$12
Jan
A7s (July 1941
U
Realization
106
$110
•
....
M-S
1963
1958
6s
series
A7s
Feb
4% May
A6'As
A7s
Isarco
Unexcelled
96
$28 %
1950
A6'As series C
Jan
Debenture
Ulen
M-S
1948
6s ser A
B
series
International
Dec
8%
25
9
Indianapolis Power & Lt 3'As
5%
400
53%
10
Jan
102%
1%
12
14
Jan
Dec
11%
61%
37
99'A
Bank—
4s
Power 3%s
Mountain
Green
July
3'A May
•
60
36
$103
500
;
119 Va
99
,
36
A-O
13,400
200
M-N
May
1949
Indiana Service 1st lien & ref 5s__1963
1%
8%
105%
114 Va
115
$103
6%
8
106'A
107
1114
A-O
1%
1
97
Jan 1949
5%
27
96'A
Hygrade Food 6s ser A
6
•
Lamp
12%
105
99%
10
Jan
2%
l
Inc
Tung-Sol
1
79
225
97
pfd—
Dec
700
240
95
Trans
Trunz
1%
93%
Tonopah Mining of Nevada
Tri-Continental
7
__
__
95
•
109
1
97%
J-J
1961
AGeneral Rayon Co
6s
•
A-O
—1956
Grand Trunk Western Ry.
7% July
63'A
103%
99
Co—
standard
5s
Ltd—
reg
Lux Corp
Jun
49
—
103%
107% 108%
107%
1940 coupon—1953
Guantanamo & Western
Tobacco
106%
93%
99
1947 coupon——1953
1
Residential
Finland
Oct
19
Marelli
A6%s with Nov 1
Dec
47
14
1
105'A
76%
97%
M-N
1993
1965
Elmira, Water Lt & RR 5s
Feb
May
„
99
A-O
1993
Feb
122
13
Apr
103
104%
Dec
19%
—
1
Tishman
,
12%
10%
Jan
45
—
—
5
common
31%
117
2
Shovel
Corporation
31
11%
,
11%
8%
100
Thew
Thor
;
—
500
10%
72
56
371
81%
RR—
4s ser B__
Fuel 3'As
&
106
J. Division—
mtge 4s ser A
mtge
80%
97
103%
—
4%s
of
103'A 104 Va
105% 106
$101
J-J
1954
(Bait
J;
81
J-D
1981
Lack
Gas
J-J
1962
Gas
mtge
Delaware
V
1969
_1976
R
series
'
—
3s ser P
2%s ser Q
2%s conv debs
Jan
Jun
12% May
1,400
•'
Dec
3%
575
3%
Nov
May
6%
*
•
pfd
105%
1958
Feb
17%
5s.
32
1
common
Light 7%
104
5s
13%
A 1st
&
A-O
M-Q
Debenture
May
1st
Power
7
11% May
Eastern
Texas
104'Vs 104'A
Feb
redeemed)
Lackawanna
Technicolor Inc
104%
Oct
10
Taggart Corp common
Tampa Electric Co common
M-S
8%
%
96
64
5%
19%
106
64
Dec
13% May
165
98
49
Jan
650
165
26
56*
1%
20 %
1
99%
91 'A
6%
7
115%
168
99%
92'A
300
19%
29
168
90%
2,000
600
110%
91%
2%
3,00o
108%
9
109% 110
90%
8%
1
*
109%
Feb
7
105'A
102%
92%
29%
14
96%
1
M-S
Feb
Jun
6%
18
99%
J-J
27%
14%
Service
103'A
1954
17% May
500
Cities
99'A
Q-F
200
(10%
111%
99%
Corp—
redeemed)
(10%
High
101"
103% 103 Va
J-D
19%
A5%s
Low
48
135
97
99%
103'/a
J-D
1970
-
Electric
States
M-N
J-J
94%
\
Gs_„
2%s
No.
High
104% 104%
96%
'
v
—
13%
6%
14
*
Sunbeam
1955
1964
A
24
5
1
common
C
Bethlehem
Feb
5%s
Electric 3'As
of Canada—
Telephone
5s
'
1
*
common—
(Hugo) Corp
Stop & Shop Inc
(S)
77%
Dec
deb
Tel
J-J
1%
19%
1
*
Stinnes
Stroock
&
City
J-D
1953
4%s
8%
1
(J.
Bell
1970
3'As
Power
18%
.24
—*
Sterling Aluminum Products
Sterling Brewers Inc
Sterling Engine Co
Sterling Inc
Stetson
Atlantic
Elec
Electric
Tel
Assoc
SCentral
Steel Co of Canada
...
Associated
Feb
1
Appalachian
Nov
3%
Low
Feb
1
Corp
Co
Feb
130
400
1
class B
&
May
8'/a
Corp
Starrett
100
10
8
1
Standard Tube
(A)
1%-
Feb
105% 105%
*
—_;
Co
Standard-Thomson
Stein
1%
1
*
Products
(The)
27%'
10
B
Preferred
Standard
v
1
•
' '
92
'•
'
)
J-D
103% 103%
104
108
J-J
103% 103'/e
103
4109
Hydro-Electric Co—
A6'As with Oct 1 1940 coupon—1960
A6%s ex Oct 1 1947 coupon
1960
,
-
Piedmont
United Molasses
Co
Ltd—
Amer dep rets ord regis
United NJ RR & Canal
100
United
..
25c
10%
United
Profit
Sharing
preferred
Shoe
United
U
U
S
U
S
and
$5
1st
S
Co
class
B
39 %
39 Va
39%
9%
9%
200
13%
.
62%
1
13%
14%
2,100
Consolidated
Products
Power
Apr
Co
Sugar
& Light
110
Dec
49 V*
8% May
14%
23%
July
Feb
38%
'
•
11
May
May
Dec
10 % May
2%
900
2
81%
200
x78%
16
16
16%
500
—1
1
42
-r,/
2 /2
42
Oil—
10
-
2%
~
10
common
—
10
27
5
common
~
*
—
•
--
.4
108
116
M-S
1970
A-O
103% 104
J-J
100 Va 100'4
California
Edison
Southern
California
Gas
Southern
Counties Gas
1st mtge
500
2Va
Jun
3%
Feb
Southwestern
600
26 V8
Apr
46 %
Dec
23
27%
3%
2,300
3
May
4%
Jan
22,4
300
21
May
23 Va
Nov
3%
170 "
106-
$112
Southern
22%
138
104
$101
Apr
27^
143
106
$100%
Feb
Dec
142
A-O
3%
iJan
34
$101
A-O
M-S
89%
32 % Mar
29%
28%
M-N
Scullin Steel inc mtge 3s
Oct
May
27%
$12
1952
1951
1965
Lt & Pwr 6s B
San Joaquin
Feb
23
V.
;
Safe Harbor Water Power Corp 3s_1981
Jan
3%
18%
1952
5'As series A
18%
100
—
M-N
perpetual certificates
6%
„
New Jersey—
Queens Borough Gas & Electric—
Oct
--
,2
Service of
Public
\'2%
—
'
Utah
71 Va
2%
Insurance—
Feb
13% Mar
Dec
79%
50c
3 Va
Jan
2%
common
Universal
Utah-Idaho
1% May
54
3,250
81%
,
Universal
Feb
warrants—*
common——
Universal
Apr
293%
Securities—*
with
Reclaiming Co__
Stores
7%
Oct
10
59
1
:
International
Radiator
900
61
25
25
common
preferred
U S Rubber
United
common
-
Specialties
Foil
1%
10
Machinery
Preferred
'
7% Mar
248
3s
3'As
(Calif)
Spalding (A G)
Elec
3%s
collateral
Stinnes
A7-4s
1970
—1989
1950
5s_.
AStarrett Corp Inc 5s_
5s
—1966
trust
(Hugo) Corp—
3rd stamped
121%
>
97%
73
100%
101%' 107%
5
102 •> 107%
■
—1971
&
101% 102%
108'A
116
—
3s
Gas
102'/a
108%
-
__
$100% 102%
F-A
M-N
A-O
A-O
99
99
116
116
116
$68
.
75
97%
-..J
105%
102
108':
104%
99
89% -117£
68
-^75 >
»
.
1946
(Hugo) Industries—
A7-4s 2nd stnmned
$22%
30
23%
1946
$22%
25'/a
24% ~ 47 Va
47%
Stinnes
.
Terni
Hydro-Electric Co—
1940 coupon—1953
28
1953
$12
A6%s with Aug 1
">A6'As
1947 coupon
United Electric Co of N J 4s
United
A7s
A««»'■
ex
Aug 1
1949
32
34%
—.
$103% 106
103%
106%
Electric Service Co—
with Dec
1
1
1940 coupon
1Q17
/»rmnnn_i
1956
1956
32
.
•
34
COMMERCIAL
THE
Number 4665
Volume 167
NEW
Curb
Last
Period
Sale Price
Exchange
A 5s
income
Od
Wash
Water
West
West
Penn
Western
6s
Power
3%s
Electric
Penn
Traction
f
s
Rio
ioo y4
110
105 %
108
—
115%
122
103
101%
Janeiro
A Russian
♦No
Exchange
Last
Sale Price
20-year
7s
(Col) —
April 1946
A20-year
7s
Jan 1947
A
Bank
Mortgage
Bogota
(see
ACauca
Valley 7s_
Cons Municipal
Bank
Mortgage
Port
66%
65%
22
'1
39%
*80
90
81
80
88%
7s
Waterways—
stamped
1952
6%s stamped_1958
M -S
stamped
9%
10
,17
the
3%
68
2%
3%
87
delivery transaction
in
year's
y
1947
M-N
(issue
1947
A-0
daily closing
30,
20
Rail-
IB
47
Jan.
10
12——
13
J-D
81
81
roads
tle«
52.85
♦33.77
Week's
Amsterdam
New
3.60%
D
S
Shares
Low
15%
15%
^
40%
52.44
33.61
64.75
100.41
51.52
33.40
64.00
100.47
33.25
63.90
100.34
65.13
87.21
40
101.46
97.86
102.45
87.28
102.39
87.69
101.44
97.98
102.09
•-
88.04
101.50
98.02
'497.94
101.46
97.88
100.49
102.04
87.74
101.49
Jan.
15
177.03
51.10
33.11
63.70
100.57
102.07
87.69
101.74
98.02
16
177.15
51.41
33.17
63.83
100.54
102.15
87.59
101.73
98.00
98%
14____—177.37
.
51.38
'
25%
FOR
♦Corrected figure.
EXCHANGES
16
WEEK ENDING JANUARY
Week's
Last
28%
2
Reece
Range for Year 1947
Low
16%
(
387
600
22%
^
15%
143
Oct
40
Jan
295
Jun
50
243/4 May
89
89
47%
47%
47%
180
42%
100
50
20
91
42%
59
,
29
48
45
Fruit
Co
Shoe
Machinery
6c/c
Dec
41% July
Twist
Feb
U
S
Drill
preferred
..
(S
Warren
/
D)
Co
62
6%
Dec
143/8
85
12%
14%
4G6
13% Aug
10% May
35%
36
205
32% May
42% Aug
100
40
46
42
54
56%
2,638
443/4
61%
750
54%
3% Aug
11%
/
Dec
May
Jan
40
28%
40
10
38%
Dec
48
44%
80
40%
Jun
603/8
17%
"
-12%
Feb
59% July
71% Apr
42%
—
Feb
15% Mar
17%
Jan
59%
__
Corp
Nov
7%
42
'
11
*-
:
Electric
14%
Feb
60%
__10
Westinghouse
High
Mar
1%
54%
'
•
common. —25
Rubber
•
35%
5
.
;
—
-
United
Jan
39% May
_
United
Feb
•
_
Union
Jan
102
Dec
"r
*
_
12.
80
6%
■
*
Co
20
1%
14%
iu—
*
Torrington
Jan
40 Va
Association
Range for Year 1947
Low
14
1%
2.50
.
Webster Inc
&
Stone
Jan
160
315
—40
Machine
Shares
High
13%
—
.
Drug, inc
Shawmut
Jan
__
_
Folding
Rexail
Feb
44 %
Dec
11
28%
25Va
Corp
of Prices
Low
—
Sales
for Week
Range
Bala Pries
*
Reece
High
Dec
30
22
300
28 %
13
1
146% 150
40 %
40%
300
100
Bank___—
102.53
Total
Jan.
Co—
National
ties
ft 52,87
STOCKS—;
High
20%
20
Corp.—_10
preferred
Rails
177.49
Par
of Prices
c—-100
Fidelity & Guaranty
Western
Utili¬
Rails
53
for Week
♦
Casualty
Edison
Potomac
10
Grade
trials
65.08
Second
Grade
10
r 179.33
Sales
Range
Par
class A___
10
First
Indus¬
•
;
Stocks
33.86
:
Donas
Jones & Co.
100.24
65
180.20
Exchange
Sale Price
stocks—
Amer
cash
52
81
$20
Last
of
for
45
44%
18
J-D
Friday
Co
ot representative stocks ana
Total
Util-
Friday
Finance
Transaction
Jan.
Baltimore Stock
Fidelity & Deposit Co
Fidelity & Guaranty Insur
range),
d Ex-interest,
Ex-stock div.
h Ex-
g
r
46
44%
$44
1972
v t
range),
-Bonds—
180.09
i».
9
Jan.
RANGE
Bait
year's
Ex-rights.
averages
trials
34
OTHER STOCK
Corporation
Transit Co 5%' 1st pfd
year's
in
f Ex-distribution,
in
sales being transacted during current week.
no
30
183/4
27
28
1931
Arundel
included
(not
range),
included
(not
Ex-div.
x
Indus-
29
11
39%,. 39 %
A7«
Mortgage Bank of Denmark 5s
2%
3 %
transaction
year's range).,
are
Jan.
J-D
of Chile 6s
3%
J-J
the New York Stock Exchange as compiled by Dow,
on
Jan.
1951
$25
M-N
A7s
AMortgage Bank
in
Date—
2008
1927)
M-S
10
$7
*15
J-J
Bank of Bogota—
(issue of May 1927)
Oct.
32
-Stocks-
A)
.
24%
included
(not
Under-the-rule
n
Below
listed
Mortgage
of
a Deferred
transaction
94
2%s
23%
Stock and Bond Averages
96
$70
to
23%
45 J'
39%
F-A
(Plan
37
J-D
High
Ai
6%s
76%
M -N
reduced
25
Low
78
*66
1955
City (Peru)
Maranhao stamped
AMedellin
High
*66
J-J
6%s
ALima
Interest
High
A-O
Loan—
:
&
A External
Low
J-D
5s
DanzlR
Year 1947
No. '
1948
5%s
27
No.
Abbreviations used above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificates;
"w 1." when issued; "w w." with warrants;
"x w," without warrants.
Range for
Sold
1953
External
External
27
1919
(Plan
2%-
of)
...
Danish
Bonds
Friday's
or
Year 1947
J-J
2008
*Friday's bid and asked prices;
A Bonds
being traded flat.
JReported In receivership.
Bid & Asked
Low
Agricultural
t)
value,
par
Odd-iot
Week's Range
Friday
Interest
Period
Curb
stamped
Government
(not-included
BONDS
Range for
Sold
2012
2%s
to
reduced
Interest
J.,
e
York
Bonds
Friday's
High
A5%s
102 3/4
or
Bid Si Asked
1921
de
reduced
principal.
New
Sale Price
105%
J-D
F-A
1959
Last
Period
Exchange
stamped (Plan A)
Interest
82
*120
:
Curb
Low
"
'
.
103% 105'/a
A-O
1960
5s
Union—
63 %
77
York
High
*107% 108
J-D
—2030
debentures
$75%
M-S
.
1964 ;
:
5s—.
Newspaper
conv
Low
No.
Interest
BONDS
New
Parana
1954
Week's Range
Friday
Year 1!)47
High
33
1<>
Range for
f»o»u
(I
J.
Hotel—
debs
(277)
EXCHANGE
WEEK ENDING JANUARY
FOR
Bonds
Friday's
or
bid
Low
Waldorf-Astoria
CHRONICLE
Week's Range
Friday
Interest
BONDS
York
CURB
YORK
RANGE
New
& FINANCIAL
17%
500
13% July
28%
29%
540
22% May
,
18
31
May
Feb
Apr
Dec
BONDS—
68
1975
4s
A
series
66
67
1975
Baltimore Transit Co
76%
76%
20,500
68
Dec
90J/a
Feb
1,000
78
Dec
98
Feb
Chicago Stock Exchange
„
Friday
Week's
Sales
Last
Boston Stock
Exchange
/
r'
•,■■
Last
,
;
.
Sale Price
STOCKS—
Low
tPar
;i
Sales
Week's
Range
of Prices
Friday
V?
Adams
for Week
(J
Range for Year 1947
Tel
100
1515/a
152%
4,755
149%
Jun
174%
*
43%
42%
43%
67
26%
Jan
51
Copper
50
—
33%
34%
618
19
19%
Low
Par
Aluminum
Ball
Bearing
Tel
&
Castings
Co
50
14%
100
600
6% May
4%
%
4%
100
33/4
10%
■
150
High
Jun
8%
10%
4
♦
capital
Low
15
73/4
5
common
Tel
Range For Year 1947
High
15
Sep
9%
15%
"
Apr
10% Feb
7% Feb
Jan
11%
Nov
.Jun
174%
Feb
15%
Oct
3%
Feb
13%
Sep
Oct
Anaconda
Aetna
Shares
1
American
Feb
Woolen
for Week
of Prices
♦
Advanced
High
Low
High
American
American
n/^/.
.
Mfg—•
Corp common
Admiral
Shares
D)
Range
Sale Price
STOCKS—
Bird
&
Tel
&
—*
Inc
Son
151
&
Boston
100
RR
Albany
Elevated
stamped
40%
19%
25%
lOo
Boston
Herald Traveler Corp
•
Boston
& Maine
Ry
Providence
&
20 %
25%
Dec
37%
Sep
Jan
—
37
80
495
37
100
100
—
100
100
RR
33
6%
Eastern
4%
10
5
May
11%
70
20
May
45
Jun
10
Jun
July *
Feb
5%
Street
Mass
■
SS
Eastern
Inc
•
—
--
1
"
Hole
Central
5%
-•
Co—:
10
preferred:
Narragansett Racing Assn
Nash-Kelvinator
Service
•
•
-
*
—1
Cos
v
Jan
Pennsylvania RR
—
For footnotes see page 42.
■>
17%
o
—
"
Burd
Jan
■:>
124%
Sep
47
Aug
90 ' "
\
—
•*..
34%
—50
25
18%
t
_L
20% Jan
25 ,; Apr
25
30%
Octf
51% May
62%
39.50
44.50
'
Castle
Dec
100
5
Apr
Cent
40
Feb
23% May
36 %
Dec
18% Mar
22 %
,51%
Jan
46%
Dec
100
150
40%
Dec
5% July
23
Jun
•
7%
16
37%
Dec
52%
23%
15% May
27 3/8
L)
I
11%
10 3/4
21
Feb
17%
44c
55
Apr
Dec
16
10
16
20
Jan
36
150
28
Apr
39%
Oct
20
50
18%
Apr
23% Aug
12
12
%
-
12%
16
sl'E
12%
12% Sep
143/4
Feb
300
11% May
173/4
Feb
100
.-
13% May
18%
Dec
.
10%
51.
10%
51
52%
60
5
1,000
12%
16
48%
60
47%
550
9% May
13%
Feb
500
38% May
54%
Oct
100
>
40
Mar
62
Dec
,
48%
150
35
Jun
50
Nov
14
14%
200
10%
Jan
16%
Feb
12%
17%
17%
100
16%
Apr
21
Feb
10
Biscuit
12%
12%
100
11
1
common
1
5%
10
common
Util
50c
common
31
.
9%
5%
31
6
32
2,100
r„.
9%
10%
200
9%
24%
5
common
1
preferred_j
..Dec
23%
4%
Feb
Dec
20
Jan
30
\
May
42
Jan
•
1,000
8% May
24%
450
19% May
11%
1,550
10% July
11
_-_♦
65
65
50
6% May
60 %
Jun
26
Oct
12%
Dec
65 % Mar
65
Dec
Electric
Coleman
65%
*
33
33
10
22
May
33%
Dec
*
9
9
300
7
Dec
13%
Feb
•
5%
5%
100
4%
Dec
9%
Feb
2%
Consumers Co
.
165
14%. May
19%
Feb
Doehler-Jarvis
26c
67c
Feb
Domestic
3,266
(new)
Co
Inc
60%
61%
900
56%
Sep
66%
5
Edison
cum
pfd (new)
Corp
Credit* Corp
Dec
38%
220
39
28%
28%
28%
35
10
;
class A
Eddy Paper Corp (The).
11%
39
25
50
J
common
Dodge Mfg Corp common
500
May
Mfg class A pfd
common
(The)
Commonwealth
1
9%
5
^
9%
36%
1
♦
35
3
95
95
400
3,500
35
Nov
33%
Sep
10
36%
3
39
Nov
35
Apr
41
Sep
450
9%
95%
Oct
22% Mar
25%
9
Dec
13%
Feb
100
,
./••',
.....
100
100
30% May
2% May
81
May
39
43/a
113
Oct
Oct
Nov
133/4 Nov
121
FitzSimons
Jan
280
80
Dec
300
50c.
Aug
1%
Jan
226
39%
Oct
Flour
666
26% May
15% Dec
26%
Feb
Four-Wheel
'250
2% May
4%
Feb
•
Feb
26%
35%
•
common
(A M)
W
Chrysler Corp
Oct
115
j.
7%
Jan
20
10
Milw St. P Pac vtc
Chicago & South Air Lines
Oct
62c 35%
18%
4
36
4 3/i May
24%
Feb
62
61c
34%
17%
4
16
»
^5
Chicago
30
A
5
1
Ring common
Co
S
Chicago
35% Nov
_
120
Aug
41% May
24% May
'
(E
Convertible
50
43 Va May
•
&
&
522
60
' *
Co
Piston
Cherry Burrell Corp
Chicago Corp common
Sep
31% May
: 405
..."
600
Called
33
44c
5
26
Dec
514
7%
36
7%
4%
25%
Dec
Jan
1,585
-
1.1% 12%
88Va" 91%
11%
*
.
—
—
r.
England Electric System
20
New England Tel & Tel———
100
North Butte Mining Ji
—i_-_2.50
Mills
'
42
6%
10
Burton-Dixie Corp
Butler Bros common
207
26
50
22
"*
New
Quincy Mining Ca
97
17%
—
5
—;
;
,50
1
,
\
Pacific
Jun
11 '«
—
1
———
Mfg Corp class B—
National
82
20
2,045
>
48%
42
323/8
33%
*
Works——
Mergenthaler Linotype
Mullins
Oct
Carr-Consolidated
33%
%
100
Alkali
•
—
.—100
common
preferred
Mathieson
26
IOO
2% (t
Corp
40%
10
35%
32"%
47%
—
(Del) 6%
RR
30%
26
10
Mgch Co—
Copper
Lamson Corp
Maine
Razor
35
(George W)
Jan
85
,
35%
30% '
400
7%
10
common
23%
30
84
22%
24% 25%
x29
x29
> 57% 58%
41.21 41.21
—
—
Electric
Button
'
—
♦
Capital Corp.—
Kennecott
84
22%
8'4
•
common
General
Intl
25
Co
;
/; vr'
Stores
Safety
81%
Mfg
Borg-Warner Corp common
Brach & Sons (E J) capital
Feb
Ry—
General
Gillette
81%
-•
Lmcs
National
231
common
Bliss &
Bruce
Employers Group Assoc
First
7%
36%
—
100
preferred B
—a-.—-—^.—100
preferred adjustment
100
r
7%
35%
H)
,Oct
8%
6% May
(W
Berghoff Brewing Corp
Binks Manufacturing Co capital
Laughlin Inc common
•
c
Associates—
prior preferred
Eastern
6%
Fuel
&
Gas
4%%
2
7%
1
Co
Barlow & Seelig class A conv___
Bastian-Blessing Co common
8% July '
4%
15
>
40
—
2
Feb
39%
20% May
100
7%
7%
—
5
10
Service
Cities
2,300
1
3
Borg
Calumet & Hecla
14
Jan
Sep
35%
6%
—
32%
6%
7%
7%
.1100
class D 1st pfd stamped
Boston
50%
18%
13%
150
4
Co common
Barber
Jan
393/4 May
150
Belden
prior preferred
5% class A 1st pfd stamped
8% class B 1st pfd stamped
10%
135
66
1,808
13%
900
93/4 May
1% Dec
Athey Products Corp capital
Avco Mfg Corp
Dec
RR—
1%
i
20
5
common
Asbestos Mfg
120 % 121
40
41%
19% 19%
25% 25%
__
25
Boston Edison
Armour & Co
42% Mar
May
14% May
114% Dec
200
-
-
Boston
31
151 % 152
Dock
...
&
Connell
Co
Mills
of
Dredge &
1
America
Drive
Inc
Auto
Fox (Peter) Brewing
common
*
9%
5
16
10
1%
9%
17%
17%
9%
16
9%
19
100
8%
Jan
100
133/4
Feb
250
400
9% May
17
Dec
123/4 Mar
19% July
11% Feb
31
Feb
34
COMMERCIAL
THE
(278)
& FINANCIAL CHRONICLE
Monday, January 19, 194?
OTHER STOCK EXCHANGES
FOR WEEK ENDING JANUARY
RANGE
Week's
Friday
Last
of Prices
Low
Par
it-K
Sales
for Week
Ranee
Sale Price
STOCKS—*
16
Shares
Range for Year 1947;
Low
High
High
\
Friday
'
common—5
General Finance Corp common
1 J
General Motors Corp common
10
Gibson Refrigerator Co common
1
General American
56
7%
,
56 %
56 %
8%
—
200
50%
Jan
7%.
57 Va
8%
56
56
Transp
50
400
660
6%
Apr
52
Jan
9%
6% May
STOCKS—
Nov
Feb
65
1
Last-
Dec
56
9%
Jan
.
Week's
Kang»
:
.
sale Erics
;
.
Par
,
Industries
Aluminum
.'
;
Low
.
Co
(W
H)
Hammond Instrument Co common
Hein
Werner Corp
Hupp Corp
1
450
2,000
22
20
Dec
200
25%
300
10%
10%
200
x63%.
64y«
110
56
21% x21%
200
20
1
Jun
—
—
4 '/a
4'/a
9% May
19 % May
13
20
30%
57/3
Champion Paper & Fibre
*
21%
21%
21 %
*
Jan
12%
Oct
——
Cincinnati Gas
Preferred
Dec
Dec
15
Mar
Rights
70
Feb
Cincinnati
x24
Jan
Cincinnati Telephone
Cincinnati Union Stock
7%
Feb
—
___
Eagle-Picher
127/8
13
100
11%
Dec
17%
Jan
30%
31
200
18% May
31%
Dec
Hobart class A (new)
Independent Pneumatic Tool com—•
Indianapolis Power ft Light com-——*
21
21%
21%
21%
100
100
19
25
Oct
Feb
26%
Sep
21%
Jan
NOV
8%
35
Jan
29%
Feb
93
95%
142
97
Dec
A
1,881
7
&
110% Aug
SMs
AUg
14%
Feb
79
78 %
80 %
138
71
Jun
99 Va
Jan
__
*
8%
13
13
500
12
Apr
14% Mar
20%
21 %
25 % July
20%
745
66
20
Jan
__
57
57
15
53
Jun
69
19
19
19
25
16%
Dec
20
Dec
48%
48'%
10
48%
Dec
54
Mar
45.
46%
611
28'
29
24
24
Feb
23%
8 Va
Dec
19 Vz May »
40
9
Dec
37% Feb
May
23 %
8%
10
—
Gibson Art
100
%
4%
93
50
„—
——10
82
215
;
533
2
Yard—:
Hign
14 %
Dec
24 Va" 25%
—
Street
Range For Year 1947
13%
24%
100
;
9
__
8.50 0
common
29
4% Jun
__
v
Tr'.i LOW
30%
53/,,
—
'vi-
•
Shares
40
5%
—_
Av 'AS-,/-
•
for Week
13
1
Brummell
Beau
Apr
8%
500
Dec
Oct
36
May
15%
10%
1
—
16%
25%
x63%
*
—;
common
16%
—
—3
(new)—
Horder's Inc common—
21
16
23% May
100
10%
Bartlett common™.—25
Hibb Spencer
31
1
Brew Co capital
(G)
31 *
20%
16
*
*,
common
Great Lakes Dr & Dk common
Heileman
31
20%
*
'
00
High
Churngold
Gossard
common—.!
Razor
Sales
£
<
of Prices
r,
*
Laundry Mach
American
Gillette Safety
jit
GincinnafiStock Exchange
Co
Illinois Brick
Central
Illinois
capital-
RR
common
21%
May
x2l %
Dec
»
Indiana Steel Products Common
Power
—1
7%
8
preferred-.—___*
$6
5
5%
5
5%
preferred
A
14'A
7'A
100
1,950
5'A
1
Drug Co common
Kellogg Switchboard common-
—
•
6%
18
Jan
24%
Jan
Manischewitz
Dec
Leath
&
Co
common
Field
&
49
9%
49
24%
24%
11%
11%
common———*
Co
West Corp
6%
19'A
9%
47 Va
—
•
Mickelberry's Food Prod
Middle
6%
19'A
5
—_—
Lindsay Lt ft Chem common—
Marshall
1
,«—8
capital—
147A
Miller*. & Hart Inc common vtc
Modine
Chemical
10
Co
6% Nov
liy« May
16
NOV
6% May
10
Cooker
Pressure
National
Standard
American
North
Northwest
1%
Oak
26Va
500
22% May
11'A
15
100
4,300
700
50
14%
50
38'A
36
37yt
28
28
150
;
100
34%
4
v
Dec
30
24%
P
ft
19
17% May
23%
Nov
8%
Rapid
SdPrlnting—
49% May
64 Va
28
31% July
May
Feb
Preferred
Western
28
May
Dec
38,
34% Aug
6% preferred
Elec Switch
.—
class
Penn
10
A—
Apr
32%
Apr
26%
Perfect
Rath
capital
RR
Circle
Co
(The)
Packing
.50
2%
10
(new)
common
.0.V" '
•
Sangamo Electric Co common
Bears Roebuck & Co capital-;
May
190
Dec
180
Feb
16%
Dec
23
800
7%
Apr
10%
Feb
Feb
Clark
9% Jan
5% Apr
7%
8'A
114% 114'A
4,300
20
93
Apr
21%
100
21
Jun
24 %
Feb
18'A
10%
30'A
18'%
200
15%
Dec
26%
Feb
10%
31
20
320
•
1
Serrick Corp class B common
—
30
34%
11'A
31
36'A
11'A
250
1,400
50
110
Sinclair Oil Corp
St Louis
Standard
Dredging
Standard
Forgings
Standard Oil
Jan
234
50
75
9
31
Cliffs
Iron
Illumin.
Cleveland Electric
a24%
■'
'•
a
alO
Detroit
Cleveland
&
Chemical
Apr
32
Feb
Firestone Tire & Rubber
Jun
29%
Oct
General
40% July
General
Motors
13%
Glidden
Co
Oct
.•>
—
—
Electric
Goodrich
*
common
common
common
(Un)
(Un)-
9%
Feb
Halle
3
3
10
40%
10%
42
,
100
y'* 250
500
37 % May
3
9%
May
Sep
1
10
8%
87A
650
8%
Dec
34%
Feb
Interlake
38
Feb
Jaeger tIy(fachine
4% July
13%
Feb
-44-.V July
10 %
3%
Sep
36%
Sep
42% May
57%
40
65
July
42% Jun
83
Dec
61
Feb
32
39%
•
—10
100
15% May
'
Feb
26% May
33%
Sep
N
Sundstrand Mach Tool common—5
23%
23 %
24'A
750
16
May
26% Oct
35'A
v/ 0":.;0'; 0' •; 000
—
20
36%
A 500
31
May
37%
of
Certificates
deposit:
——
500
21
Dec
26%
Jan
Edison
..
Texas Co
(The)
Corp
Trane
Co
25
5
2
♦
*
—
0
—
(The)
common
208 SO La Salle St
Corp
Union Carbide ft Carbon capital
U
8
Steel
Wieboldt Stores Inc cum pr pfd
Wisconsin Bankshares common
Mach
Corp
35'A
47%
—
—
99
76%
A 700
83
40
71%
Feb
41%
Dec
61%
Feb
.16-%
Dec
23
Feb
100
12%
Jun
15% Mar
/
21%
Dec
'
145
:
83
:
0
0
008140'
50
376
6
950
-
Dec
V,
Jun
Feb.
14%
52
Dec
2%
16%
i
,
Jan
V2 July
A 24
,
34% Jun
4%
Jan-
0, 36% Feb
May
10%
Feb
54Va
Jun
v
0-9
->■
31%
Dec
31
19
0,- 373
12%
40
50
v
Oct
/Jan
008% Feb
3%
4rVV-v.'
—8
..—
.
36
36
200
50
;
.40
■
a31% a31'A
50
4%
12
May
31. 4 Jan -
a
_——50
'
Feb
Nov
Dec
38
Jan
30% a32y8
111
21
Apr
35%
Dec
225
15%
Dec
26%
Feb
7% May
22% May
10%
18
Jan
27
Jan
22%
39
18
*
—
(Un)
3%
al4%*al4V2
.,
•
Sep
May
60% Dec
14
25%
Richman Bros
21
May
37
Dec
Dec
x45
Dec
54
9
America (Un)_
Republic Steel (Un)_
—
9
25
Feb
53%
89%
62
98
10 %
Jan
May
May
108% Juiy
80
101
Dec
Feb
De c
13%
15 Va
12
2% May
May
May
17
31 % Mav
42
100%
200
97% Nov
12
11%
11%
500
10
7%
8%
400
7
5Va
5%
100
(Un)
Steel common
10
—
Doom * Iron
!
89
648
a27% a31
a76
A
0 551
a76%
38
10%
a74% a747/8
*
:
Works—
Youngstown Sheet ft Tube
Youngstown Steel Door (Un)—
Van
41% Feb
—
S
26
46%
10%-
10%
.'——*
•
,*
*
Dec
54%
23%
Jan
31% Aug
Feb
"'
61% May
10
Jun
80
100
50
53% May
83
Oct
15
al8
al8
Feb
80% Fee
42%
15
21%
Feb
20%
May
Dec
Feb
July
26
Standard Oil of Ohio common.
U
25%
46
46
Jan
9'A May
of
Corp
14%
400
100
<
_*
10
—
--
—
100
-
—
~-*j
—
•
--
—
—
0
50
—
99
75%
750
„
1
—
48
20%
0:00/
*'
3V4
3V0 ^3'%
—5
American Rolling Mill
Anaeonda Copper Mining
37
47%
100
700
750
360
100
57
USA
__
.',.'.00
•
57
20
35 'A
80
'11%
14%
—
•
American Radiator ft St San com
Bethlehem Steel
75%
,
*
caiptal
Unlisted'Stocks—
Alleghany
__
•
common
Yates-Amer
—
Jun
5
0
32%
12%
36
(Un)
Ohio* Oil
Radio
Thor
49
',0030
48
5.%
Central.RR (Up)-—
Y
Pennsylvania RR
21
23
30.
4
Ohio Brass—
Ohio
—
Nov
13 v-'i*: ^808 ■:
12%
National. Tile & Mfg
150
25
Feb
26%
-
Nov
18'A
29'A
—
65%
Dec
...
13%
__
Feb
Jan
85
23
.j-'-.*.'
May
22%
16
48
—*
Jan
6%
42% July
Dec
51%
105
,
148
.43%
13%
„.
170
57%,,
a55 % a55%
23
—5
1
a26%
16
50
Portlands Cement-
18'A
capital stock
Swift:International Co, Ltd—
35% 0
31%
.
ft Trans
Kelley Island Lime
Medusa
85
48%
56%
—
Lamson ft Sessions-
29'A
Co
500
a20% a20%
1
ft
4%
82
_
—
Swift
40'A May
70
Steamship
29 %
x22
Jun
41
—
class A
Bros common—
Preferred.,
17% Feb
—*
common—
Feb
55
43%
Metropolitan. Paving- Bricki.—
Sunbeam Corp common—
Oct
44%
48%
„
Greif Bros Cooperage
00
85%
35% July
54% Jan
85
(B F),
Dec
~
80
34% Nov
a25
18%
^ 10%
37
,
27'A
—
—,10
May
31%
Feb
125
a53% a54%
(Un)_
14
31
19
15% Nov
1,543
278
—
1,400
—
13% May
11% July
July
10
15%
35%
(Un)_
18%
23% May
28% Dec
Feu
Oct
a38% a39V2
■
:
25
—,
16%
9%
11%
15%
0' 4%
*
16%
9%
174%
Jan
135
Goodyear Tire. & Rubber————
Gray, Drug Stores
—
9 VI1
Jan
Jun
7%
22% July
'
14
6% May
8% May
34 Va
149%
4
79%
a
Nov
206
alO
15%
0
Feb
19
a30% a30%
—
4
May
200
550
200
140
■■00 40
Hign
5%
Dec
11% May
a48M» a49%
—
Navigation (Un)_5
common-
Eaton
Oct
8
27
24%
3%
475
Jan
Oct
; 8
300
37
.
15
15%
.26
3%
14%
~14%
Range For Year 1947
Low
•*
18%
a
>
>«0
78%
a
0
—1—1
Consolidated Natural Gas (Un)__
,
Shares
151% al52%
#
corn-
Bronze (Un)
Graphite
35
26
8
for Week
.7
High
•v
17%
—
100
Mar
x24% Mar
-L
Safes
*
Prices
3%
1
common—
preferred
$4.50
11
307A May
8% Jan
of
18%
'
•*"
Range
1
Controller
Cleveland
Mar
__
Feb
Exchange
Week's
I.OW
„
10
*
common—;
10%
100
450
1
common———1
capital———25
Stone Container Corp
Storkline
Furniture
Apr
Feb
Sep
45
49 y8
9
——-1
650
common
of Ind
52 %
1
28
22%
__
(Un)
13%
8
Stockyards capital—
Nat
52
Dec
_5
31%
5
common—,—!
Inc
—
Body-
13
1
Society Brand Clothes common
South Bend Lathe Works capital
Spiegel
Mfg
Coadh; ft
30%
•
—
Jan
Jun
48%
50
43%
Par
31%
_* —
—•
Signode Steel Strap common.—
16%
38
"15
15
3%
340
__
50c
Mfg
Electric Controller
~
Shellmar Prod Corp common
12'A May
7
__
Brass
American
Jan
30
35
—•
Oct
0
.
Apex Electric Mfg—
144
30%
8%
Sals Pries
American Home, Products (Un)
150
,
Jan
STOCKS—
American JDet ft Tel
50
—
6%
Last
Dow
Pennsylvania
Oct
7
Stock
Oct
50
—
6%
71 Vs
_8
Feb
:21%
;
4% Juiy
56% May
,
Jun
48
25%
21
40
8%
5
—100 0
25
1,011
-50
——^—;
Bank
Cleveland
Peabody Coal Co class B common
5%
70%
A
Akron
16
8%
5%
69 %
,0—i'
U
Feb
4%
150*
8%
Dec
25
^70
Dec
170
8%
1
Oct
Nov
28
—
r.—
Friday
200
»
Jan
_♦
—
July
148
16
Apr
23
:*
1
a—
G
13% Mar.
169
—
23 Va
10
Feb
8% May
13% May
21
—
52%
40% May
50
v
Jan
Dec
200
21'A
__
Feb
10
13%
—
—2%
common—
29'A
47% NOV
Jan
21
100
lien pfd—
100
50
53
38 V2
—
_•
common
53
29
—
20
common
Manufacturing
20 %
4%
—
100
Shoe
250
9%
.
•
0
*
-
National Pumps
Apr
4'A
—10
preferred
Bush
Feb
11
350
__
common
Bancorp
29
May
22%
—
Jan
Jun
8
22%
_3
com
common
Car
Northwest Util prior
Nunn
_*
7%
17
500
—
:—*
5% May
250
.
Feb
200
-
—
common
Montgomery Ward & Co_
tyuskegon Mot Spec class A—
National
9%
14y2
—
I
Mfg common
Monroe
14%
—
prior inferred——
$1
.0.
_*■
_7
La Salle Ext Univ common—
45%
—•
Randall class B___
Libby McNeill ft Libby common
—
Lunkenheimer
Dec
4%
300
13%
6%
com—___1
Jim Brown Stores Inc new
Katz
Dec
5
10
50
—^
6%
450
Jan
I
Kahn
Kroger
Interstate
»
-
5% Feb
Feb
Watling, Lerchen & Co.
Mar
102%
Dec
May
20%
Jan
May
12%
Oct
Members
Certaln-teed
Products
Columbia Gas ft
Curtiss-Wright
General
—
•
Motors
Continental
Parnsworth
1
Electric
—
7%
1
•
_.
Television ft Radio—
Electric Co
__
5% May
l
•
Graham-Paige Motors
Laclede Gas Light
Nash-Kelvinator Corp
New York Central RR capital
Co
Packard Motor Car
__
16%
Airways Corp
Pepsi-Cola Co
Oil Co
Pure
—
—
(The) common
33%
*
4%
—
2%
Paramount Pictures Inc new com—— 1
14%
16 Va
4%
—•
Pan Amer
5%
5y8
17 y8
~
8
•
10
North American
35%
—
1
4
—
May
4% Jun
—
r
9
19%
—
19%
22"
29
35%
500
5%
5%
17%
14%
16%
1,000
1,300
100
300
500
.
4% *
700
32
3
May
May
Detroit
,12% Feb
Radlo-Kelth-Orpheum
Republic Steel Corp common
Socony Vacuum Oil Co Inc
Standard
Oil
of
N
1
*
——19
J
25
Standard Steel Spring
X
Studebaker
Corp common
Sunray Oil Corp
United Corp
1
1
*
Wilson ft Co
*
8%
—
.
8%
8% Nov
47A Apr
14% May
12% Dec
6%
Feb
16% Dec
33%
J&n
7%
Telephone: Randolph 5530
Feb
19%
DETROIT
Ford Building
39% Feb
8
Oct
Feb
4%
Dec
22% Feb
200
8%
Dec
14%
20 %
Dec
31
Jan
22%
30
400
1,100
22%
Dec
Detroit Stock
Feb
1,500
33% July
29% Dec
200
—
—
—
25 'A
25'A
25%
500
16%
16%
1,800
—
75%
17
77%
—
14%
14%
21% May
20%
2014
20%
11
2%
11%
2%
7% May
8% Dec
Friday
Last
'v,
■
;
,
Electric
v.
Allen
30% Feb
Baldwin
17%
Burroughs Adding, .Machine—.*
Consolidated Paper
———-—10
common
23
May
13% Mar
Dec
64
11% May
17
16
24% Feb
12% Sep
4% Jan
Mar
Rubber
common—
—
—
—
—
—
400
200
■
—
Tel
May
Feb
Davidson
Bros
1
1
7% Jan
2% Dec
10% May
17
Detroit Edison common
Tel
2%s.
For footnotes see page 42.
.1957
108% 108%
$140,000
2%
2%
Low
'
300
"
2%
*
Dec
r
High
5% Febl
13%
13V2
,
;
14
14%.
416
10
May
12% May
14
14
22
' '•
22
22%
345
19
23
—
Detroit
Gasket
common—
Detroit-Michigan Stove
—
_5
20
7%:
*
i
200
7%•.
7%
'
400
4%
—1
4%
500
21%
21%
21%
8,167
11%
11%
100
11%
..
1'
ll7/8
470
6%
3%
21
9%
May
Apr
Oct
Ale
Fruehauf
Brewing common—
——
Trailer
1
1
1
—
—
4
4
1,300
1
1
2,000
22%
22%
100
2%
1-
8
Jan
6%
Jan.
27% Mar
Jun
11% Oct.
13% July
10% May
20%
Dec
16% Oct
Nov-
Dec
Oct
Friars
&
2%
-1
79% July
Frankenmutli
Bonds—
Amer
Range For Year 1947
High
'
Detroit ft Cleveland Navigation
common
Shares
*
100
1,000
Salesfor Week
(
of Prices
Low
t
1
15% Feb
Exchange
Week's
Range
'
Par
'
.
Sale Price
STOCKS—
.
10% Feb
200
"
Associate
6% Feb
9%
2iy8
9
Curb
Chicago Stock Exchange
Stock Exchange
"
Radio Corp of America common—*
York
New
New York Stock Exchange
Dec
4% Feb
Nov
2%
Sep
30%
Feb
Apr
167s-Ntimber 4665>;,THE: COMMERCIAL &
Volume
FINANCIAL
STOCK
OTHER
CHRONICLE
(279)
EXCHANCES
'
RANGE
*>
V
h
,
!h"
N
«'
.'I.
v
f."
■J.
\yf4
V
.
of Prices.)
Sale Prlca
'
if
I
jr-
,
Wood
Gar
General
"'A
'
" •
1,,
Vft?'A!$. Par
Industries
Motors
Graham-Paige
v^.365-
8
52%
Jan
9%
5 Vb
1
315'"'
5%
7%
juu
Black
Feb
Lamp
Hoskins
Bearing common-,
Manutacturing
Electric
Howell
21%
21%
258
14%
14%
385
5
common
Hoover Ball &
9
_10
2 Via
comx.
ul"
-
•'
Unlisted
9%
150
.
Nov
29%
i.
Feb
21
Sep
Co-
—10
Ltd,—.
.25c
Mng
Mines
Hurd
Lock
&.
Kinsel
21
Products
7%
300
.
21
19%
Co
Airlines
Amer
Co
4>/8
4
7%
Dec
American
Tel & Tel Co—
Viscose
21%
Oct
Anaconda
Feb
Armour
220
300
4V4
200
4
1%
~4%
1
Drug
Vb
12%
1%
400
1% May
3%
100
3
12%
1
•—1
4%
9
Nov
5-v*
Oct
18
ADr
5%
Screw
Masco
:
'*
•
common
Packara
400
1%
16,200
3%
3%
.'2%
150
3 %
100
4%
Car
Motor
__—-.1
Davis
Parker
Rust-Proof commorLj;*—.2 %
'!
Pfeiffer
2%
Sep
May
.^4%
„
Refining
'
29
29
——i—*
Brewing
i
6
5%
.r 15%
:
:
15%
100
Raisin
common—X
5.
common
:_;_i.Xil0
Manufacturing
Superior
Corporation
3%
1,125
9%
9%
&%
15%
3 '/4
11*
1-1%
Jslb
%A,Dec
4%"'Oct'
9%<3an-
100
11%
2%
Dec
II V4
Jan
56
•
Radiator preferred—__x__—_u50
,
Aircrait
62
Screw
Wayne
62
Products
50
1%
2 Vb
__1
.
1%
2%
280
j
Tractor
Range
Par
Bandlri
Petroleum
Barker
Bros
Lots
1
Company-
•
commonJX^. —10
Corp
6
4%
23%
i
1
Consol.^——~
Barnhart-Morrow
v
a
__
23 Vb
9,375
:
Edison
15%
Oct
Jan
a29
a 29
a28
4%
Apr
150
30
7Va
60
78
May
a25
35
15
Jun
110
40
52
226
39
Dec
100%
a40% a41 Vb
100%
38
Dec
Mar
alOO
a
a24%
52
Oct
Feb
Dec
39%
101
Feb
Dec
23%
Oct
43%
Sep
54
% May
46% Mar
Oct
11%
a60%
36%
36 Vb
Co
Vultee
Y)
Corp__!
"A'"
—i—
2%
Jan
Electric
Power &
Electric
63
Feb
Jan
40%
15
22
Dec
26% July
Nov
31%
385
25%
22 %
151
21
Dec
14%
14%
135
11
May
8%
8 VB
370
7
May
a51 a52%
65
a31% a33%
5
108
•
5Vb
Oct
Feb
25
Oct
17%
Apr
12%
Feb
41%
Jun
50 %
Oct
26
Jun
34%
Dec
Jun
6%
Feb
Nov
5 VB
150
a21 Vb a21%
80
13
May
20%
20
10% May
16%
Jan
11% May
16%
Jan
33
May
39%
Feb
34%
Dec
42%
Jan
12
Dec
14%
Oct
1
_1
Electric Bond & Share Co
Feb
Sep
24
28%
14%
J
—
Oct
15%
54
22 %
•
—xL—1
9% May
65
254
28%
25
Aircraft-
311
••
a22% a22%
*
(N
11%
a60 %
a60 %
*
10
4 Va
Feb
Jan
Light Corp
Foods
•
Co
Nickel
of
Kennecott
11%
:i„;
16% al6%
11%
710
150
5%
266
12%
5V4
5%
230
/
<
May
8
Oct
a39% a41%
275
38 Vb
Dec
42
July
al2% al2 V2
a4Q
•
*
10
IOVb
Jun
13%
a28
325
26%
Dec
13
308
a47 Vb a477/a
50
Vb
a27%
>
12%
—*
Copper Corp
30
35%
a37% a38%
Canada—•
lnt'1 Tel & Tel Corp
{
a37%
1
Corp———,.x;X
all
35 V*
•
Corn.
Iron
a
.___»
•
Co
Public Utilities Corp
Interlake
all
5
Graham-Paige Motors Corp
Great Northern Ry Co pfd_i
3 Vb
.
22
25
Company
3
a47%
•
Xx
'1
,
Libby,
Feb
27
Sep
36
9% May
Dec
Jan
17%
Feb
49%
Apr
Nov
«
Apr
-6%
Jan
187/e May
50c
3
43%
High
800
r
100
Corp
65
280
-
62 %c 72 %c
250
1
Jun
'
.-Low
6%
23 Vb
>
■
■
5
33%
5
15
—
Co
Edison
international
High
Jan
97
May
32%
50
5
33%
Curtiss-Wright Corp common-——
Range for Year 1947
*
Mar
a36% a36%
.X
Crown Zellerbach
for Week
Sharee
Nov
42
Continental Motors Corp—,—___—1
Continental Oil Co (Del)——J-——,—5
/
Sales
of Prices
Last
Sale Price V
.STOCKS—
58
31% May
5
Consolidated
"
"'A'
150
71% May
a
Solvents
Commonwealth
Angeles Stock Exchange
Week's
52% Mar
188
13%
—5
General
Friday
173
45
a33% a34%
10
r__
General
Los;
Dec
a56% a56 %
155
Corp
2
'
Nov
-5
l%May
-
900
2 Va
i
common
Feb
70
-3
General
S
1,040
Oct
16%
Apr
.25
Pacific Railway Co
Commercial
X' Class
U
•Warner
Sep
9%
Dec
240
(The)
Cities Service Co
15
1,960 •••
Co
Consolidated
975
3%
Apr
11% May
13%
Company
Aviation
Caterpillar
7 •%>> Jtm vr,'^i « 40*5 .slatt
1,400
<
16;;;.
«
•
■
Mar
6c
51%
a93% a95%
Borden Company (The)
Borg-Warner Corp.,
3%-"Wov\X'>-~XX4%;-;Ja„ '
7W«»'-JaifX
T?y'^%K0ct
425
8%
.1
_________1
___
3%
8V2
—1
common
Die common
&
Tool
Udylite
3%
8%
2
Paper
Scotten-Dillon
Sheller
:'
—1—
(H W)—
River
45
173
a
Ry__ 100
Fe
Corp
Oil
Canadian
w
7%
50
14%
151% 151%
151%
a33 %
Bethlehem Steel Corp
,p*
Rickel
Mlg
Bendix
28'%-3«8y r;;>^;,-36% Mar
3M* May :-.v £.-»..r;6%- Dec
T4-<',fc»|*yr
-4VAwg
500
8c
50c
'
2%cApr
Feb
3
ioo
a7%
54%
5
Santa
&
Boeing Airplane Company
.«pr
1,300'/ v;, h
1,221
Sep
54%
50
(111)
Jun >.
1%
Dec' >
Co
Topeka
Barnsdall
X-.^OO'
32
•>
1
Products
Metai
4%
•
—___n—.—.i_—
••
•
3%: '3%
..
i 31
Parke,
Peninsular
1%
75c
July
10c
3,000
14%
a
14
1
Jaft1 A
2%
2%
Chemical
Park
1%
1%
&
Atlantic
Feb
3% Julyv
V*
v'\
'
.•vl%
1%
^.i-4
Stamping
'
1%
1
—'
___—_x—__5Cc
Abrasive—
National
Oct
:_1
Products
Oil
McClananan
Mid-West
—,
4c
3,000
4c
a7%
14%
a
100
,
Corp
Atchison
Avco
Lansing Stamping
High
Feb
2%
Dec
5,000
15c
4c
•
Copper Mining Co
3%
—X—
common
4c
15c
1
Smelting & Refining
Dec
7 %
Low
4c
4c
American Radiator & Stand San Corp_*
13 V4 May
.
730
4V4
Mfg comracn.ii—_____5
Kaiser-Frazer ^onimon
Kingston
7%
Car 'commonX-_/X*__X—*
4c
-10c
Co
American
l—_50
:
.
Hudson Motor
Range for Year 1947
High
Stocks—
American
Oct
14%
Dec
22 %'Jun
14%
Low
Nov
v
9
Gold
Cons
Imperial Development
'.4
Hall
Mammoth
Calumet
Sep
6%
Shares
Par
Feb
9%
'«<.■'
ferWeek
ef Prices
Mining Stocks—
Feb
65%
,
Jan
•8'/a^-V.^3;3501— >' 6
'••• 300 " j>5% May
■
<!i"
Sale*
Range
Sale Prlee
8TOCKS—
<
High
•
July
-5%'" 5%
-
'
Week's
Last
',' ,'".>1 Lou,
56
8
J
16
Friday
Range for Year 1941
5»-
56%
_1
common.j.^.„„
JANUARY
T
-
LOWn High
.
common—_—X_—-10
/Brewing
tUierea
,________lv'
uettty-Michigan Cprp
Goebel
,
ENDING
Range f-'for Week
Last ' ' J
V'f,
¥.&■ Hales
Week's'
Friday Ir
-
f" V''V4.
K4
•
,
WEEK
FOR
McKesson
—7
Loew's Inc
Jun
McNeil
Libby
&
Robbins
9%
9%
1,760
103/4
Feb
al6% al77/8
260
19
Dec
25%
Jan
a337/8 a337/a
5
31
May
42%
Jan
—,
al67/a
_•
&
"ZZZl8
Inc
8%
Jun
'
Oil
Basin
••
Co
Chica
boisa
'■ y
^_—
Blue Diamond Corp
Ou
11%
11%;
12
—2
;
V
X'
10% VXio%:"i3%
X'
,
5 ^
' 2,980 *
,
7Vb Xi,'";x 7x; 7%
.—1
____xx_.
corp
Jan
12%
,,
6% May
1,315
17,530
.
v
6%
v
Ward
Montgomery
Nov
Nash-Kelvinator
9Va Feb
14%
r
Jan
York
New
Dec
20
Investment Corp
Central
15
14%
Dept Store
Certaln-teed Products Corp
31
16%
—1
Chrysler Corp __;
60%
2.50
;:
16%
60%
11
'
300
Preferred
Iron
Corp
America,
of
Douglas
Aircraft
Dresser
Industries
12 Vs May
Electrical
66%
Oct
17%
Oct
17% May
20
Feb
Farmers
35
Nov
Corp_;
A
Tele
;
200
14
14%
65c
9,600
300
300
7%
9l/4
10%
S
IOVb
22%
Feb
2.05
Apr
Oct
Dec
15%
V
Jan
'
NOV
300
95
10%
x
"V i 62 *- May
Dec
4<4c
Jan
Feb
350
5% May
9%
8%
Nov
14%
Jan
800
Motors
General
Paint
10 *
Carp common
7 Vb May
'".11%
Oct
Jan
b5
Feb
Dec
28
Feb
May
34
Feb
Hotels
Hilton
Corp
—
Holly Development Co
Hunt
Foods
Inc
Intercoast
Jade Oil
99%
631
82
Jan
110
Aug
13 V4
50
11%
Sep
14
a
1.75
1.65
A
;? 21
17%
17%
17
385
4%.
100
1.15
1.25
Corp
7,800
30c
9,200
1.20
____10c
27c
27c
1
12%
—
12%
X
12%
22
Corp
-
22
.
Dec
Oct
29
Jan
May
May
65c
.
14c
7%
Feb
Jan
•,,v.14-.
1.20
Dec
,'24c
Apr
18
May;
400
1,725
1.70
21%
15 % May
520
4%
"
13% May
95c
13,350
21
__—10
Company—
1
Lincoln
Lockheed
Mascot
Company—
Petroleum
■
Co
Aircraft
„_i
Corp
—Hoc
2,190
Hercnants
Petroleum
Monogram
Pictures
National
•
1.40
16%
15%
16%
Co
1.10
1.15
i%
1%
HillJl
1.00
1.15:
2,000
13,316
—
3
3
1:45
1.50
1,200
8%
8%
225
20c
5,900
8%,
750
Corp—.
_—l
._-_-_l.
1
City Lines Inc
Corporation, Ltd_—
Occidental
19c,
IZZZZZi
——
Petroleum
Corp
«•
Gas
1st
6%
5%
Dec
Oct
Rexall
preferred
Petroleum Co
Drug
_X; V'M.OO
•rU'-':"."; 4%
Co.
Corp
16%
common.;
5
Safeway Stores Inc
Seaboard
Finance
yt
,
Security
ra.
.<
■
.25c
Corp,—
Oct
;
1,747
375
7%
1.10
;
i
••
17
7,100
v
:
1
220
125
17%
36%
842
51
51
30
15c
15c
5,000
136
20
Phelps
Southern Calif Edison
com_
Pullman,
Oil
Pure
cumulative
Calif Gas Co 6%
preferred——
.25
Southern
Pacific
Oil
of
Co
Radio
Corp
Union
United
Oil
of
States
50c
Corporation
California
Steel
Universal Consolidated Oil Co
For footnotes
see
page 42.
12%
2
common
Corp.—
.
i
25
'
10
•
_
75%
__
Oct
32%
Feb
35
Dec
21% May
Feb
4%
Sep
8%
Dec
Oil
115
21
18%
280
153/4
Dec
a217/a a22 Va
90
223/4
Dec
a447/8 a46%
176
Standard
187/b
a52 a52 V2
Brands
ttiandard
Stone
Oil
&
Co
Jan
26%
Feb
26
37% Apr
Nov
•47%
Dec
Oct
60 Va
Feb
Apr
28%
Dec
1,374
7% May
10%
Feb
26%
1,000
23% May
30%
a43
85
16%
27%
273A
1,062
9
9
25%
a42 Vb
•
♦
...
_
25
-
a40
♦
Inc
25
25
26
Mar
14
Mar'
26
17%
25%
37% May
31% May
44
July
142
76
20
Dec
175
65%
Feb
12
Nov
'
16
20%
Feb
Mar
289
78%
Dec
Dec
15%
Jan
16% May
25%
Feb
74
33%
Sep
37%
Jan
111
al3% al4 Vb
—
Studebaker Corp
Swift & Co.
I,
335
a40 a42 Va /
,:"v'
25
J)
IN
Feb
Nov
30%
53
30.
•
Inc
(Ind)
Webster,
40
.
22%
28
;
•
Company of Del
Standard Oil Co
7%
9%
Dec
:__
Republic Steel Corp
Seaboard
235
16%
America
Company
Gulf Sulphur
Texas
1,600
•
2.90
Carbide
Union
Pacific Railroad
6%
Aircraft
United
Air
21%
->42
-;41%
.
60% May
54% Sep
75
20%
310
a 35%
Apr
Dec
11%
Feb
95c
Nov
18%
Dec
7
Feb
25% July
Dec
>
Dec
18%
Nov
40% July
Baldwin
10c
Sep
85
59
>
Jan
23c
130
Dec
<.
July
Oct
OCt
,'«•>%*".' .'.A '
J.35, Apr
Tel
&
24%
''M
i6
i6
220
15%
Dec
27% Mar
2%
2%
500
2%
Dec
*"v •
2%
12%
12%
250
93%
Oct
4%
Jan
12%
Dec
18%
Feb
17%
Jan
26
Oct
'
*
■
•
60
28%
219
9
9
'w-
a46%
10
19% al97/a
28%
a
28%
1
13%
Feb
126
a46% a47%
30% July
110
•
22% May
7% May
44% May
60
Feb
Locomotive Wks
Chrysler
Curtis
Corp
new
Shares
v
t
•
Electric
Storage
General
Gimbel
Motors
-13V2
Battery
10
\
•
,
Pennsylvania
Pennsylvania
149%
13%
14%
25
9%
10 %
404
60 %
62%
1,283
54%
17
8%
858
17%
537/a
1,515
56%
23
9
Jun
28% July
174% Feb
Dec
24% Feb
Pennsylvania Salt Mfg
Dec
56%
Sep
<6%
6% May
12 %
16
Dec
24%
Feb
Oct
Feb
Jan
236
47
56 Vb
56
57%
906
51%
Jan
65%
Feb
20
20 Vb
150
16%
NOV
24%
Jan
10%
416
9% May
12
Feb
150
4 Va May
10%
50
X
.
5%
6
%
__
%
<
45
'
%
Jan
* 67% Oct
.
8%
Dec
Jan
1% Jan
29%
1,578
27
Dec
34%
Jan
28%
138
26
Dec
24%
1,227
22
Dec
29%
Jun
32
Dec
40
Mar
Reading Co
35
Apr
50
Dec
5%
6%
2,245
19%
18%
193/8
2,409
18
Dec
22 %
Jan
18%
17%
19%
2,715
15 %
Dec
27
Feb
51%
Jan
10
common
Philco Corp common
435
6%
•
50
Boys
1
Philadelphia Electric Co common—
$1 preference common—
46
46%
47
"
5%
—
*
22%
*
23 Va
22%
575
5%
23 %'
200
4,900
5%
Jan
34 Vb
46%
870
61%
-1,208
62% July
Scott
11%
2,138
7%
Jan
12%
Sep
8un Oil Co
15%
15%
360
11%
Jun
19%
Feb
Tonopah Mining
12%
12%
26%
4,630
10% May
15%
Jan
Transit Investmt Corp
24%
20
May
26%
Dec
United
Corp
75%
76
705
63% May
79%
Feb
United
Gas
41%
45
725
23% May
47%
Dec
Westmoreland Coal
Corp
7%
38% May
4
Dec
9%
Jan
Dec
27%
Jan
23 Va
243/4
489
23
3
29%
29%
32%
328
21
Jan
18%
18%
19%
540
17
May
1
11%
10 3/4
11%
265
r
Feb
21%
50
i
34
Paper
16
May
1
18
Oil
High
May
"• '• Y
Power & Light
RR
May
Dome
17%
10
*
295
1,376
20 Vb
>
5
.
.
;
:•
;
Corp
Low
25%
152%
8%
Pennroad Corp
Salt
60%
Range For Year 1947
High
14%
10
2%
com
Lehigh Coal & Navigation—
Lehigh Valley RR _*
—_x
National Power & Light
Pep
25%
151
13
Brothers
14
32% July
25%
151%
c_;
Delaware Power &. Light—
'
Low
Publishing Co
1,100
51% Mar
for Week
•
-9,500
'
Sales
Ranfe
of Prices
100
—
Budd Co
37c
,
Week'a
Sale Price
—:
Tel
18%
2,122
17% Jan
Last
33c
-
Oct
275
Friday
,
May
;
Oct
106%
26
26
26
;;.x
ZZl2%
W)
25%
Jan
20
193
5
class A_
Apr
18% May
a99% 199 Vb
:
•,
1
Corp
Sep
48 Va
705
223/4
156% 156%
STOCKS—
American
27%
31% May
31c-
22
63%
188
55%. 55%
[U.w,
—-10
American Stores
Feb
Jan
17%
a56 % a583/4
,
Philadelphia Stock Exchange
Jan
33% May
3 % May
48
r
/'
5
;
(Del)
Electric
(F
1
,
Bros Pictures Inc
Co
»
-•
Corp__
—„
Western Union Teleg Co
Westinghouse
^•
,
ZZZZ10
Inc
United Corporation
Sep
-i62%
52 %c May
20%
_
■■
Co—— —100
Corp
Lines
Co—
a35%
Par
Dec
14
Carbon
&
United
Dec
Jan
9.;
Oil
Union
Aug
Nov
,51,
Co———
Water Associated
Tide
10%
10%
Textron Inc
Transamerica
of
60%:
Calif
Sunray Oil Corp—
23%
980
—
•
47%
-
Company
Standard
24%
34%
10%
9
*
Incorporated
28%
.25
pfd "A"__—„
43A
9
,
25
Company
23%:
.25
Feb
Jun
a20Va a20V2
—'—
•
60
Corporation
29
.25
convertible preferred—_
4.48%
,' 4.32%
So
Co Ltd
4%
__1
-33%
Dodge
16%
,
Oct
22%
7%
50
—2.50
Pepsi-Cola Co
Feb
Oct
16%
Corp.
Feb
18%
Oct
62 %c
,
"
Sinclair Oil
a30% 130%
Feb
1.10 Jan
Dec
34%
Signal Petroleum Co of Calif
16
•
Co
Car
Airways Corp__
Pictures, Inc
Pennsylvania Railroad Co
Jan
9%
May
25c
1.25
31c
.Jan
5 %
31%
-313
_x
12c
33%
.132
Co.
Trading
Motor
American
Paramount
Woolworth
14%
Dec
10
285
4%
Signal OIL & Gas.Ctt
8'%
57
,
<—
•
62%
12
Jan
>
Jun
;
-30
Apr
Sep
May
16
'
Pan
Willys-Overland Motors Inc—
5,
Dec
92 %c Apr
Jan
a20% a20%
&20%
^—i—__
■'«, 3
34%
'35%
Co
Bears Roebuck & Co.
51%
v.
Dec
13%
25
7,
1
Oil
Oil
Richfield
Ryan
24%
r,;'xr-^v<
————2.50
514
10
Jan
730
53
53
Aeronautical Company———.^1
Ranch
Rice
'X-
1«
16V4-
8%
•
Jan
3%
1,253
a28% a28%
"'•25 V'
310
9 Vb
—
Jan
1.20
19
a34% a35%
.
Co
95c
Dec
36
,
./_i
*
common
Inc
13,400
vXi, '
—25
Lighting Corp common-
Republic
2.60
35%
!:
9Vb
ZTZZZi
Inc
19
,
Mar
48c
'
Nov
1.70 July
May
1
„
1,300
18%
18%
10
25
common
preferred—,——v—kii-XiX~25
1st
Pacific
Elec
&
45c
2.35
2.40
Pacific Finance Corp common
8
45c
1
—
Oceanic Oil Co
Pacific
1.05
'
24%
Jan
.TOc
300
1.50
J.5 %
; ,1.10 Dec
f
11, May;
2,600
1%
1.15
Mng & Dev Co__
Northrop^ Aircraft Inc
834
—H-l?
Manufacturing Co—u-
Mt Diablo Dil
Nordon
1.35
—
Oil. Company— -—
Menasco
1.40
1
;
Aviation
Company
Packard
Warner
Lane-Wells
967
Dec
al3V4
1.70
270
15
14%
Texas
58% Mar
Jun
1
Petroleum
Kaiser-Frazer
al3 %
"_~6.66%
common
..
42%
99
•
Corporation
Hupp
26
2^0
99
_1
_.—
Hudson Motor Car Co
19%
25
,
a43 a44%
a43
IZZ-5
_
52%
200
22%
a30l/8 a30%
•
"A" common
1,164
57%
22%
w.
«
Goodyear Tire-& Rubber Co common—*
Hancock Oil Co
56 Vb
56 Vb "
Corp common.—
Gladding McBcan & Co
318
17%
14%
oocony-Vacuum Oil Co
:
'
General
Oil
52 V*
17
_•
Feb
150
9%
—
23%
2j0
•
7Vb
—
>;
r.
May
13
127
80c
*
t
Dec
47%
175
14%
—
2
_
55%
300
1
(The)
Corporation
11%
23%
75c
1
Corp__
A
class
21% May
,
225.
55%
1
—
Radio
«St
Stores
Fitzsimmons
550
;
12% '
-
'
23%
4
Merchants Nat'l Bank. —100
&
Farnsworth
Garrett
•
—
class
Ltd
Co
31%
12%
Sep
American
52%
1
"ZZ—5
RR
Jan
12 V8 May
56%
American
Ohio
Nov
25
17%
31
12%
1
Inc
Products
Oil
17%
-
100
485
61
14% al4%
—*
Inc__
Inc
Co
a
20
—
Steei
Consolidated
Creameries
Exeter
Corp common..*
——
34%
20%
19% May
•
'
Fuel &
Colorado
-Kylbim July
Apr
■y-. •>■•'■■■ 150
31
_u
1,662
:V:
North
North
Broadway
•
Inc
Co,
&
Corp
Central
Dec
29% July
35%
•
Nov
22% July
•
common
;
43%
42%
433/a
424
7% May
40% Dec
•
—
56
55%
573/4
162
50% May
74%
Feb
1
Dec
1%
Jan
3%
Nov
5
2%
_1
:
6%
part pfd—25
Improvement
13%
1
common
;
20
1
4Vb
2%
__
__
1
113
4%
2,818
2%
2%
1,436
21 %
21%
843
35%
35%
50
4
-
13
Nov
49
Jan
Dec
4%
Apr
Feb
20
Sep
24%
Jan
26 %
Jun
38%
Dec
35
36
Monday, January 19, 1948
CHRONICLE
& FINANCIAL
COMMERCIAL
THE
(280)
OTHER STOCK EXCHANGES
JANUARY If.
RANGE FOR WEEK ENDING
Friday
Pittsburgh Stock Exchange
Week's
Friday
Range For Year 1947
'
Par
—-
Star
&%
8%
25%
65
pfd
Jari
37%
Dec
19%
10% Jan
27%
Apr
Dec
20%
245
17%
Jan
21% Nov
14%
1,541
12%
Nov
16%
Jan
—
205
4
Dec.
10%
Feb
9%
80
10
July
14%
Feb
49%-
50
50
Jun
67
Jan
71
32 %
38%
37%
38%
61
■'■
—-
61
Apr
42%
Feb
7 % May
25
.9 %
9%
10%
Nov
45
-20
Dec
64%
July
13
13
325
13
Jan
13%
Feb
14c
14c
14c
500
10c
Jan
29c
Sep
14 ".\
14 V ,14
<
——
—
1
Mining
Oct
14
Glass
& Bolt Corp.
Bros
&
12%
20%
20 %
49%
Co
May
7% Aug'
276
24%
*
10
.♦
Steel Foundry 5% pfd___10o
Pittsburgh
Toy
15%
4
Plate
Pittsburgh
Reymer
361
39%
9%
Pittsburgh Brewing $3.50
Ban
10"
"
;
5
Pittsburgh Screw
Oct
230
4%
Radiator
National
13
10
8%
10
10
5
Gas_—
Mountain Fuel SupplyNational Fireproofing Corp
Lone
Jan
75
125
24%
l
Refractories..
Walker
Harbison
Feb
15%
30
—lo
Brewings-
Pitt
Fort
:
Steel
Follansbee
13% May
20
11%.; 11%
11% '11%
11%
Electric
&
Gas
Feb
Dec
—
-
Co-—
L)
(D
Columbia
14%
Co
Blaw-Knox
Hunt
48%
27%
170
30 >/8
;<
Westinghouse Air Brake
Westinghouse Electric Corp.
,w;
36%
37%
28%
>'-37 %;
*
12.50
11% May
228
28%
-
39
Oct
r
30%
22% May
47
Feb
17y«
27 V» May*
,20
•
Dec
Lot®
55%
17
20
28
Aircraft
Lockheed
B.,—
Lyons-Magnus class
15%
Macy
& Co R H
Menasco
Mfg Co common
Morrison Knudsen
National
common—1—1
Fibres
Auto
American Invest
Americari
North
'
,
t—1,
Occidental Petroleum
-? ;
V;
\v
A
•
'
S
Co
Aloe
5
-1 /
common...:
Inv
American
»v
common—
Equipment com—-~3
Bank Building &
Plant.——---15
31%
commons-
General Electric
Shoe
(Un).
:
—
.10
'
'
.
26"
*
5
Brewing common..—4
33%
Hyde Park
r
275
450
••'
>
44%
44%
10
10
Laclede-Christy
5
4
common—»—
common
Laclede Steel common
Machine
Landls
5%
31
20
25
^
common
s
10
0
McQuay-Norris common
—
Meyer Blanke common
Midwest Piping & Supply common
Missouri Portland Cement:
.
—
__
17%
•
'
Dec
14 %
American
North
com
25
(Un)
Dec
Jan
36 %
Feb
*
20
18
Feb
Apr
"31%
Nov
21%
19%
May
St
Louis Public Service
—
100
Fe*
66%
,36%
1951
Pacific Western Oil Corp.^^.—i-.^.^IO
Co's common
*
Feb
Rayonier Incorp
May
36
Deci
Sep
29
Jan
Jan
45
Dec
9
May
12
30%
Dec
Nov
307/b
Oct
21%
40
Dec
31
Jan
20%
Feb
7
Jun
21
50
17% July
Jun
4%
375
15
July
300
14
Dec
Nov
17% Feb
318
18
Dec
22 %
16%
70
Preferred—
19 %
Feb
Dec
15%
13
34% Mar
Alaska
Min Co—
Gold
Juneau
38
—
97%
Oil
Basin
:_
Calamba
Sugar
Ink Co
California
Packing
Corp
7
97%
Apr
Apr
a
„
Feb
Apr
36
Jan
6% May
12
Jan
191
260
4%
,
Oct
12%
Jun
9% Nov
Nov
7%
Jun
Dec
Oct
27
20% Aug
1,500
7
Sep
,11
Jan
50
40
May
51
July
Apr
34
Dec
50 % May
63
Feb
24%
706
33
351
1.30
1,750
preferred
Columbia Broadcast System A
Consolidated Chem Ind A
Soundview Pulp
Co
4.48%
Gas Co
Cal
Sperry Corp
Spring Valley
1.65 Aug
Jan
57c
Oil
>33%
„
,
'
1
23%
25%
22%
31
—
130
32%
__
32
—
48
*
59%
10
—
10
2
5
Oil
Corp
132
33%
59%
Dept Stoves common
Railroad Co common
--
19%
16%
75%
Jan
30%
Dec
Jan
Nov
38
Dec
25%
>
Feb
26%
,
Apr
70
Jan
93
31%
Dec
10
19 Va
230
Feb
-47
Jan
20% May
21% July
15% May
350
26 'A
•
July
Jan
20c
Dec
8c
60
Jan
132
Dec
1,315
27 Va
Aug
I
35
Oct
392
:
84%
22%
Dec
26
Dec
268
29%' Jun
32% July
66
>
32
Dec
40Vs Mar
710
:
35
Apr
50
17 Vs
Jun
24%
Oct
1%
Jun
95
125
1
Oct
50
& Tel
American Tel
8Va
18% May
Jan
—
—
—
Feb
—
—
-—
100
common^——14
—
a55%
•
—
151 Va
152
a58% a58%
a42% a44Va
33% 33 %
50
4%
4%
4%
5
Co
—
5
Mining
Copper
Atlas
&
Co
(111)
common
—
13%
Santa Fe
Topeka &
Corp
Avco Manufacturing Corp common
100
5
a25
25
25%
Sep
29% July
42
42%
256
34%
Apr
44
Oct
Jan
18
Oct
Apr
18% Aug
27
Dec
300
23%
Apr
355
15%
Dec
28 %
Apr
304
62
May
78%
Oct
671
24 Va
46
Dec
11%
Jan
450
130
45
380
25
5
20
Jan
8
Aug
27%
37%
Jun
16%
32
Feb
330
282% May
Dec
Jan
23%
39 %
July
&—,.i
Jan
Jan
a__
■
"
60
9
Apr
13% Aug
65
25
Dec
29%
11% May
23%
Jan
25%
34%
Oct
Jan
Bethlehem
Feb
Blair
Baldwin
—
Locomotive
Steel
—
12 V8
„
—
common..i-V—^----alOOVa
Oct
120
100
~6%
Dec
2
Feb
405
11% May
17
Feb
224
537/s May
71
Nov
2,401
55
174%
Dec
150
a—
28% May
320
Feb
a._
—
125
31% May
%
50% Oct
41%
Feb
Jun
4%
Dec
600
10
May
15%
Oct
60
69
May
96%
Jan
66
23
Oct
25% July
2,385
a93'/8 a93'/8
a21% a21%
—
a21%
3
13
Baltimore & Ohio RR common
100
Barnsdall Oil Co capital
5
Bendix Aviation Corp
—,—5
.
15%
Jun
1,198
14Vs
a25
108
Oct
10% May
14%
300
a20'/a a26V«
7%
7%
2'A
2%
14 'A 14%
54% 54%
—
Co
Corp
Mining
Atchison
19%
98,./, .Dec
Feb
25%
7,510
8%
32 Va 32 %
296%
300
18 18 %
a29% a29%
a69% a69%
all
all
—
.
•
•
American Woolen Co com
Anaconda
Argonaut
30
Apr
32
18% Aug
740
i
Dec
62% Juiv
51% Mar
2,695
42%
8%
32%
296 %
—_*
Refining
&
Smelting
American Viscoe
Dec
8%
27%
Dec
Dec
33 %
193
75%
42
—
*
—
Radiator & Std San
American
Apr
8%
7
18% May
140
16%
—
*
Lines
Air
American
American & Foreign Power
17%
380
Feb
Nov
•$v-:.
Air Reduction Co
20%
97
35
i
Unlisted Securities—
75
95%
Nov
46%
Dec
3,274
20
167/a
*
100
—1
—-
Cab Co common
;
.
"-vii.
Yellow
i-,
—
24%
1
20
100
50c
Pac
21% 22%
12Va- 12%
16% 17%
24 % 26%
12%
—.10
Oil
Preferred
240
95%
Oct
V
63 % July
Dec
.
43
35
61%
a20% a20%
—
25
12 %
10
*
Calif
of
Co
Equipment Co
Agricultural Co
Fargo Bank & U T
23
730
vi
100
% 610
*
a22% a23 Vs
1.00 1.00
a23%
—
Cal
Co of
33%
—-—*
Consolidated
23
1,319
54
13 Va
23% 23'A
28% 28'A
33% 33%
47%
48
—
1
^
-
Ltd
Co,
Corp common
17% al7%
13
79
25% Feb
Oct
33%
57
May
65
■i'v 1,265
29 %
33%
25 Vs
25%
31
25
Transcontinental & Western Air
66
12%
Jan
Feb
'
Sep
31%
Feb
129
% Dec
^••,.::.3o
49%
•
Water Associated
56%
12%
28%
Dec
26%
«,;535 ;
9%
49
25
series A
pfd
Pacific Co
390
5
*
Zellerbach Corp common
$4.20 preferred
9%.
27%
25
preferred—
convertible preferred—
60%
1
89
30
143
>■
~V
Co—
Edison
cum
60%
42
of Amer Inc common
59J/2 59%
13%, 13%
42\\ J < 43
9%
class "A"__——*
6
Signal Oil & Ga.
Southern Calif
Armour
a
Feb
15% July
Dec
1.20
3%
20
2%
Chemical Co
24%
105
;
33%
2.50
Chrysler Corp
-
; 174
Mar
8
6% Mar
220
9
59% $60 %'
710
12 Va Feb
__
1
Colorado Fuel & Iron
Oct
,
15
West
High
6%
51
32%
33
*
-101%
,10
34
Western
8%
:
Feb
A 20
..
25% May
American
'9
62%
275
Victor
28 %
-
298
50!
Dec
40'A July
Universal
Dec
1,600
27%
8%
Apr
50%
30% May
Super Mold Corp capital
3%
20
7
'
35 Va
575
28%
350
Wells
ioo
-
27
•
common
Caterpillar Tractor Co common
Central Eureka Mining Co
Crown
12
Mills capital—.—5
capital—
i.*
Cotton
California
Creameries
244
1
capital
California
Clorox
244
7
2
*
Co
Oil
Bishop
Byron Jackson Co
800
244
A———100
i.__—.————20c
Bank of California N
Dec:
36 %
33%
Standard Oil
Range for Year 1947
1,377
; 41% Mar
27%
36%
Feb
Low
7%
42% Mar
^
33 Vs. Dec-
—
Waialua
32%
;
530
■r-^X
•
Sears, Roebuck & Co capithl
Shell Union Oil "ommon
Jan
Sales
7%
33 Vs' Dec
T.
676
■.
56% Nov
Exchange
25
:
1,345
,
^
26,500
Union
30%
30%
2.50
Imp
Atlas
Feb
Jan
18
18
May
12
20
Calif National Bank
Diesel Engine
Anglo
Oct
9%
42 %
■
10c
29 %
Dec
340
May
102
Jun
1,245
3%
a
f.
Dec, :;,
Dec
High
3%
15%
.
Dec
34%
20%
37%
Shares
Low
Jun
.I 5%
.
9c
So
for Week
a
10%
-
,
510
5,643 r;
18
Southern
Dec
Range
10
io
.•
5%
36%
35
31%
20%
Jan
Sep
of Prices
Jan
18
Jan
32
Last
Feb
13
Feb
II.
—
10%
100
$500
••
.30
.
10c
32
18
35
Dec
60c
Oct
10
Jan
33%
Dec
45
Sale Price
Par
5%
35%
27%
—1
—-*—25'
Inc
Foods
Fine
W
&
U S Steel
STOCKS—
1,925
Feb
40
May •'
25c
Safeway Stores, Inc common
.5
Mauricio Mining
J_—10 pesos
36%
95
Week's
,
San
21% May
6% Dec
20
70% May >
Feb
110
312
Feb
Jun
78%
24
84
v
14
13 %
Dec
Feb
12
183
11
Jan
Nov
17
;
9% May
,
1,480
a
:
3%
Nov
Apr
,
225-,.
-
17%
40 Va Mar
12%
1,395:'.,
••\-v 600
11%
49%
Republic Petroleum Co common—,—1
Rheera Manufacturing Co
1
Roos
Bros
1
24%
common:
Sugar common
United Air Lines Corp
>
1,290
•;.v
10%
Dec
Sep
I.10
"...
1.35
15 %
Feb
11%
■
450
".ta76% a77%
Railway Equip & Realty Co Ltd com..*
Preferred
.....——100
Dec
Union
Friday
Sep
Feb
Feb
29%
40
.
30
95 % 96%
a467/« a47?»
Pig'n Whistle conv prior pfd——7.50
Tide
San Francisco Stock
37%
28%
Co%—59'/a "
13% v.
v 42%
Phillips Petroleum
41
625
99
: ,
Paraffine
Nov
37%
45
19
14 V4
99
Aug
31
28%
25
*,
953
54
—
33
.
Apr
20
iS
Transamerlca
3s
100
34%
100
Pftc Tel & Tel common
-
" 32
19
13%
Service common.
Public
1st preferred
S
52
__
53
4%
•
?
53
53
—* 1
>
v 103
103
—>al4% al4%
^*
25%
25% 25%
36
100
BONDS
mtge
Steel
32
'
5
15
common
LISTED
Scullln
—
1
Sterling Aluminum common—
& Fuller common
Electric
—
?
pfd
...
Stix-Baer
Wagner
__
j—
Securities Investment
Common
50
class A—
Roebuck
Sears
—
May
Feb
Jan
26% May
61%
90
16% 16%
25% 26%
6%
7
35% 36%
100
100
—
0
'
-
—25
Lighting Corp common
div preferred—
4.32%
Rice-Stix common
3
10% May
Nov
7%
Jun
•
32
91
23% 23%
19
19
15% 16
17% 18%
...
0
25
24%
May
9
278 "
23
23
—
/,
35%
.35
Puget Sound Pulp & Timber...•
v16
16%
5%
5%
• 31
31
23
—
1st preferred
Pacific
Dec
15
50
$5
W. Htu»*
Oct
26%
-
320
10
Gas
50
6%
220
45%
1
Laclede
=
-
175
•
common
.
19% May
12% Jan
200
Knapp-Monarch common
International Shoe
preferred
1st
Pacific
Range For Year 1947
.
33% 35
23% 24
Huttig S & D common
1st preferred.
,5%
110
T
35% /;„
57%
—31% 31%'
—
41
>41
56%
"%6%
»;■*< low
35
55%
—
r>
prewing
Griesedieck-Western
16%
•
•
10
(Un)
common
General Motors common
General
8%
3%
160
12 "
12
12
—•
al4% al4%
,V
,_5
25
25
—25
Coast Aggregates
;,-'5%%
Shares
*13%* 13%
8
8%-~
31% 31%
'16% 17
9
10
30 ,^:30
"
—
riL:—-—-15
Burkart Mfg common
—1
Columbia Brewing common—5
Falstaff Brewing common....i...
1
Shoe
Brown
25%
26';
•
360
(or Week
Last :Range
Bale Price
of Prices
Par
Low High
^ >!>',;
STOCKS—
,;V
.
15%
38% July
10%
8% May'
■
Sales
Week's *
Friday
11- ;
-V
Jan
r'-k
Pacific American Fisheries common—5
5
—
30
33% Mar
-.,72 y 72
3840Va
42c'
45c
-i'.
Oct
Jan
40
lO'/a
11 y4
5%.%pfd_;_-100
Cons__i.,_^__j_10
OiL
Feb
34'A
Dec
435
15
„
25%
9%
1.15
■
Natomas Company
1.45
>18'/a
35%
30
,
Feb
Dec >
5% May
.
20% May
<r-c'
35% 35%
al0% all%
*
1
al0%
5 '
__
1
1.35
-10
v-
common
Magnavox Co J
—
Marchant Calculating Machine
Nov
-;^450
3%
—■ *
__
25
9%
1
Corp
195
35%
—
_7
Libby McNeill & Libby
28
24
..10
Leslie Salt Co.—
200
3,681
Jan
37%
32
60c
60c
12%
29
.
,
...
60c
25
May
15% May
■' /i\'
I
59
Dec
21% Oct
Apr
14
175
■
12%
12%
_______
Pkcific Gas dc Elec Co common
} '/
200
■'u;v 125
.
Class B
Pacific
Exchange
17
a34% a34 %
.
2, pesos
Kaiser-Frazer Corp common,—,
1
Langendorf United Bk class "A"—*
Co
IXL Mining
39 Va
56
20%
-6.66%
Co
Power
Paauhau Sugar
St. Louis Stock
^2,334
53%
Co
High
Low
High
fr* a
Idaho
Range lor Year 1947
8hares
20%
____
Foods, Inc common
North
:_1
Spring—a—
Standard Steel
Corp
Motor Car
Hudson
High
Low
High
29 Ve
Ludlum Steel
Alleghany
Clark
Low
.
Oil
Honolulu
Shares
of Prices
Sale Price
STOCKS—
%
,
for Week
Range
ef Prices
Par
Sales
(or Week
Range
Last
Bmies-
Week's
Last
Bale Prioe
STOCKS—
2.80
7%
Feb
25
4% May
14
Dec
24%
Feb
200
7% May
16%
Feb
300
4%
4%'
al4% a 14%
12 Va 12'/a
a34% a34%
28 Va 2E>'%
a99% al00%
50
22
28
32
Mar
265
May
110
84%
38%
101
Apr
Oct
Feb
Nov
-
—*
-15
8%
•
1
40
.20
1
Machinery Corp ——10
21
Doernbecher Mfg Co.—
Chemical Co common.
Dow
El
Corp
Co
Plantation
Ewa
Food
Foster
&
Galland
cap——
Television &
Farnsworth
Kleiser
Linen
com..—
P.alnt Corp
Cumulative
Conv
2nd
4%
Bros
Corp
Stores
j
(
Holly
*
Hawaiian Pineapple Co Ltd—j.
1
Development
For footnotes see page
42.
1
41% July
18 %
Jan
3%
2.30 Aug
Dec
49%
32% May
capital
1
com
Borden Co Cap
:
Bunker Hill & Sullivan
5
15
&
Boeing
Co
200
7%
750
5
25 Va
Aug
9%
Feb
Chesapeake &
92%
Jan
71% May
5% May
8
5%
100
4%
Jan
56%
56%
944
52 %
Jan
19%
26
a
6% July
65%
Feb
619
19
May
28%
Pet)
19%
8
20
Nov
23
218
24 Va
Dec
35
Feb
30
157
19 Va
3,242
72
18%
1
72%
£'0
18%
Ohio
River
—1%
—
25
all%
-25
__
10
RR
--
0
Packers
—
•
•
a23%
2%
22 Va
Commercial Solvents
Southern
Consolidated Edison Co of N
Commonwealth
>
.
Cons
Natural
Continental
30
a40% a41%
17% 17%
al3% al3%
all% all'A
44 % 44 Va
35% 35%
&
Y
75
75
a22% a23%
2%
2%
22 Vs 22 A
26
May
16%
Dec
69
Dec
9
Va July
34%
Feb
35%
Jan
103% Mar
Curtis
Co
Gas
Motors
Publishing
Corp
Co
Curtiss-Wrlght Corp
Domineuez Oil
Co
capital—
common
15
1
*
1
*
*
11
11%
962
12
Dec
Eastman Kodak Co
18%
18%
100
17%
Dec
20
Feb
18%
18%
19
592
17%
Apr
25%
Feb
1.70
1.60
1.75
5,900
May
1.65
Dec
—*
General Food Corp.
——1.——*
Goodrich (B F) Co common
—*
95c
General Electric Co
„
a7%
—
5
—
--
—
a367/a
—
a48% a50%
a7%
a8
a8%
a8%
5
5
29% 29%
a42% a43%
35% 35% ;
a36% a37 /a
a55% a55%
3%
Apr
5%
250
14 Vs
Aug
23%
Dec
170
40%
Jun
42 Vs
Dec
18%
Oct
6,176
4Va
25 'A
Jan
28
22%
22
a
3%
25%
Jan
Columbia
5%
a41%
__
Cities Service Co comrnor.
64
150
—
—
2%
May
17% May
'
Oct
Dry Ginger Ale
Canadian Pacific Railway
6
22
Inc
Airplane
Canada
21%
6
*
Inc
Dec
1,600
a37% a39%
—100
—3
preferred
Greyhound
Hale
*
18
325
2,772
7
*
Gladding McBean & Co;
Golden State Co Ltd common
Aug
40
3% ;;
11
May
38
21
2
10
•
*
.*
common
preferred
preferred—
6
10
"*
common———2%
Service
590
/■
19%
38
3%
Radio—
General Motors Corp common
General
18
18
Dorado Oil Works
Emporium Capwell Co common—
Eureka
a38% a38%
*
370
10
50
16
May
15%
Nov
9 %
May
Feb
16% July
14%
Fed
551
40%
Dec
54%
Jan
216
26 (,:•
Jan
39%
Oct
85
Dec
25
45
Mar
100
21% May
26 Vb
1,200
2% May
3%
Aug
Jan
29%
Feb
673
80
21
44 %
Nov
Jun
49
Sept
12%
Feb
35
7
80
7% May
541
4 % Mav
6%
Fob
200
21% May
28%
Dec
184
43%
47% July
1,693
65
50
May
Sep
32% May
34%
50%
Dec
Aug
12
39%
Feb
Feb
39% Aug
55 %
Sep
Volume
167
Number 4665
THE
COMMERCIAL
&
FINANCIAL CHRONICLE
(281)
33
OTHER STOCK EXCHANGES
RANGE
Friday
Week's
Last
<•
STOCKS—
'
Par.
Goodyear
Tire
&
Rubber
Graham-Paige Motors
Great Northern
Hobbs Battery
Ry
Idaho
•
•
7\"
Sugar
Mary
•
&
Tel
Co
Johns-Manville Corp
Kennecott Copper Corp
Loew's
Matson
McKesson
&
Robbins
M
&
M
J
&
M
Inc
Nash-Kelvinator Corp
National Distillers Prod
N
Y
Central
North
RR
Northern
Oahu
Co
Pacific
Oil. Co
Jan
7
Feb
Sep
44%
49%
Feb
656
18%
Dec
25%
Feb
Tobacco
—
40
-
•
15%
33
3,200
r
17%
Cement
23c
Cal Ed
14
19%
Feb
Sunset
23%
Oct
322
12
Swift &
22
a9%
a9%
10
7
May
10%
Feb
Dec
32%
Feb
22%
Feb
21%
32%
Jan
100
'
__20
.
*
Ltd
20
Sugar Co—
Onomea Sugar Co
——_2o
20%
20
110
1,140
<16'A
17%
-.'10%
17%
100
14
May
15% May
30%
280
24
4%
—
20
16%
30%
„
—
Olaa
4%
100
10% .10%
10
common
18%'
18 %
18%
21
•
21
10
.r—100
4
200
,1.
;.
,
f.V
Jun
16%
STOCKS—
8ale Friea
Power
&
Paper
Low
•
com
$1.50 preferred
Dec
21%
21
125
$2.50 preferred
16%
West
38
38
20
(F W)
5 Vo
Sugar
"A"_____
•
preferred
Agnew-Surpass
Algoma
Steel
Shoe
Co
Can
4%
pfd
25
Amalgamated Electric Corp
Argus Corp Ltd common
4%%
-
53
218
24%
7%
19%
50
r,. 22
Dec
22 %
192
Dec
Jan
9%
'
100
12
150
10
Jun
1,075
6% May
81
81
40c
40c
50c
1,434
50c
Dec
26
26
1,205
24%
Bell
Pow
&
class
Pap
A
•
Telephone
Brazilian
Trac
British American
British
82
Dec
Note Co__
common..
*
conv
preferred
98
*
pfd
Ola
23%
Iron
Foundries
Northern
Power
•''.
Canadian
-•
24%
24%
601
24%
Dec
96%
35
101%
Jun
25%
140
2%
25
'■
••
4
30
27%
2,725
24
23%
-
•
v>:
>
200
30%
663
18%
•
2,585
190
Dec
2%
Apr
4%
Jan
Aug
3'A
„SiL.21^*
Canadian
$1.75
$1
May
150
11
105
13%
537
13
13
Canadian Cottons
Canadian
Foreign
40%
40%
40%
10
23%
23%
23%
3,380
37
37
37
104
104
104
.
'■
May
23%
12% July
11% Oct
8j/4
July
Aug
B
50
27
37
Dec
45
Dec
110
12 M' May
>14% Feb
835*
16%
Sep
-19%
64
570
56
Apr
67 %
Feb*
36
300
36
Dec
42%
120
23
Nov
25
36
21%
.
44
44
32
32
*
Jan
46
Aug
30
Apr
40
Nov
Companies
Canadian Pacific
Davis
Dominion
*
Mining
&
Smelting
Co
Ltd
Seagrams
class
Apr
Tar
&
14%
14%
11
U
15
100
14%
6,165
11%
150
5
97%
97%
99
37%
37
37%
2,222
200
14
11
of
26
35
the
Rights
Molson
For footnotes see
60c
131
12
23 %
320
44
14%
Apr'
Jan
30%
Dec
May
62 V4
Jan
Sales
,
; for Week
Shares
Range for Year 1947
Low
12 %
11 %
9,788
High
13
Nov
166
Dec
185
Jun
<
55
•
100 %
Nov
106% May
17
Jan
33%
18%
Oct
•21
Jan
16%
16%
17
200
15%
Dec
18%
Nov
13 %
14
375
17%
17%
650
24
17%
24%
110
19% 720
107%
110
"3%
3%
15%
15%
104%
7
Jun
13
19%
Feb
26
Jan
17
Apr
100
108
Dec
5
110
Jan
•
37%
16
125
'
52
400
52%
15%
915
13
7
7
161
29
30
700
47
47
47%-
•
Jan
108%
55 'A
Jan
16%
Jan
6% May
24
75
'
Jun
18%
Oct
104 %
51
15
5%
Sep
Nov
150
51
15
*
20% July
May
14%
50
50
;
Dec
111% May
111% May""
3% May
1.130
104% 104%
9%
class
A
s
Dec
Feb-'
44%
45 %
290
40%
Apr
46
16
16%
31,963
12%
Jan
15 %
Nickel
13
13%
2,860
13%
Jan
15%
Apr
25
25%
676
25%
Dec
25 %
Nov
32%
32
32%
1,335
30%
Dec
92
92
100
94
Nov
12%
12%
150
11%
Dec
25
26
350
26
Nov
:•
25
of
Canada
•
33%
33%
15
55%
55
%' 57 %
15';,
15
15%
49'
49
12
12
34%
Ltd
.*
*
—
Corp.
\
5
1* ;
common
40%
100 '
4,293
32
Sep
37%
Feb
41
May
63%
12%
Sep
16%
Nov;-,/
Feb
14,'
17
14
14
|
39
Sep
25
:r
10
May
400
11%
57
—100
_•
Woods common
1
132
132 *
24%
31
32
—^
—:
'
15
9%
•
7%
'tkii.
Jun
14%
new
com
i
12
12
36
*'
60c
*
17%
Sep
535
9%
Nov
1,835
:
6%
11%
Dec
Cottons
*
:
270
13~%
Jun
310
34%
Jan
85c,
18%
36%
common
'
36%
11%
11%
11%
•
16
16
16
34
33
35%
•
Works
7%
Nov
21%
.
Feb
13
Nov
20
Feb"
-
'
100
Locomotive
Dec >
25,485
55c
1
Ltd—^
Feb
10
14% May
7,195
Jan
16%
Oct
2,581
17'A
,
Nov
14%
13 V2
;
44
44
43
43
5
12
Dec
40'/« July
14
Feb
190
14%
Sep
22 y2
Feb
275
.
7lo
Breweries
common
preferred
Drug
25
—
Chemical
&
18%
Jan
National
Steel
Car
15%
Feb
Niagara
Wire
Weaving—.
14%
Feb
Noranda Mines Ltd
%
pfd
31
Jan
40
Jan;
45
385
:,42
Apr
43
500
44
Nov
50
11
U'A
300
11
Dec
13%
22
22%
906
25'%
5
25%
225
23
1
.
,
Dec
78% May
98
37%
Dec
43
Feb
Ogilvie
26
Nov
31
Jan
Ontario Steel
Flour
21%
Dec
Ottawa
30%
37
Feb
Ottawa
18%
18%
19%
Feb
42
22
*
21%
t
26%
Feb
26%
Nov
Aug
53
Jan
Oct
29
166
Dec
190
16
May
18
15
49
50%
1,000
42
27
27
27
1.131
2fi%
162% 162%
17%
50
26
*
20
17%
*
27%
125
Feb
Sep
49
100
;
Products—
May
May
July
*
common
48 '
•
Jan
Sep
21%
Nov
Oct
27
Dec
Feb
18
May
27% July
33
Dec
11
•
1
•
Mills
preferred
14% May
Corp
Jan
50
1
14
8
Sep
Mar
% Aug
1.70
1.70
1.80
34
34
303
25
25
16%
16%
17%
1,538
common—?
26%
26%
2?%
105
26%
26%
350
20%
20%
35
Dec
12% May
19%
25%
30% May
Nov
23 %
20%
25%
Nov
30
May
21
Dec
26
Feb
&
4
Rwys
Power
"
common
Tubes
River
Corp
Bros
'/o
Provincial
Quebec
1
Co
♦
of Canada—
&
Co
preferred
Ltd
17
1,940
32%
100
19
19
19
200
16
Jan
40'A
41
1,185
34
Jan
*
—
18%
40'A
14'A
64
14
14%
3,755
63
66
2,820
96
——10.0
:
17
32%
*
common
—
Transport
Power
*
*
Development
Power
Price
Nov
H
Page-Hersey
Powell
34%
Electric
L
'
Oct,
Mar
32
175
18%,
'
139
26 % Mar
"
Oil
Dec
23% May
215
v
7%
18
*
132
Feb
360
97/s
7%
•
—
"
15
5
.
25
31
*
Export class A
132
24%
,
Oct
13%
"
1.—
(John)
Jan
3,751
'49
-12
•,
Jan
38 %
-
"
Oct
Mar
:-V. 26
3,735
"
Co
Deo
July
13%
100
;
Feb
Oct >:
53 %
25
—
common
Feb
32
July
47%
44%
common_5
Nov
16% Aug
July
23
235
107 V2 107 %
110
i.
National
I
.
Dec
10
571
25
Dec
Oct
Dec
May
•
Canada
% May
,11%
Feb
July
6%
Oct
Jan
-
155
100
inc
Tramways
Placer
18%
16%
of
Montreal
780
34
page 42.
Dec
Jun
3% May
High
11%
*
Montreal
975
*
—:
Low
»
i
Breweries
19%
*
j
12
255
">
of Prices
12
(Robert)
Mitchell
32
_*
preferred
Jan
2,050
-
a47
Week'a
•
preferred
Class B
30%
25
Chemical
Jan
4%
18%
Alabastine
McColl-Frontenac
30%
preferred
C
4%
27%
Bridge
Massey-Harris
19
common
B
"
"Range
*
7r/o
26
13%
a45%
Dec
May
25c
575
v
May
2%
,3
I8V2
*
;
100
26%
MacMillan
1
160
18%
Lewis Bros Ltd—
19
.
Red
17%
17%'Oct
37
300
64% July
24 % Oct
a28% a29%
100
preferred
•
Bridge
.1'
■>
Utilities
*
Dominion Steel & Coal class
T
Apr
22%
A—*
——
Dominion Foundries rights
Dominion Glass common.
V
May
11%
125
*
—
Dominion Coal 6%
Dominion Dairies
Dominion
*11%
655
15
^5
Railway
Glass
Leather
Distillers
1,945
12%
common
Plow
Consumers
13%
29
Sep
17
.12%
13%
a28%
•
—
Montreal
40
25
12
13
May
65
28
13
Jan
*'
12%
53%
26%
common
Accep Corp
preferred
National
Canadian Oil
V
»
Power
Lake
- -
42c470
Jan
21%
63
36
1,501
270
* "
104
Paper-common
May
16%
i-
Feb
Jan*
57/8
100
preferred
:7%
Mar
"
25
36%
40c
Feb
104
Dec
Jun
2%
104
—-
Jamaica Public Her Ltd
Mar
22%
SeD
15
32
3% '. ..'
'.
104
;
Petroleum
y
13
21%
—
Consolidated
Nov
17% Feb
15%
63
t'l
Cockshutt
Jan
1
:
2%
12%
•
i„
Jan
15
40% Nov
28
Class
19
50
24%
95
5%
Corp
International
31% Jun
13%
Mar
78% Aug
Feb
j
20
Canada
com
&
Labatt Limited
13
35
4.
v
■»
International
11%
25
A
Power
International
Jan
V
16
Investmentclass
'
*:
common.;
Alcohol
60
"
r
25
^
;
16% May
10O
56%
—100
preferred
6%
32% Feb
17
Dec
Nov
63% Mar
167
Bay Mining & Smelting
4%%
Feb
28
27%
25%
325
r
26 %
167
Smith Paper common
'
11%;
common.^.
series
series
Ind
12
10%
____j_—____J—-100
20
Canada
of
International Bronze
•
"
Celanese
15%
12
56%
24%
■
167
Jun
29
Feb
274
,
'
Dec
34%
15'A
,
■»
pfd
preferred
4 Vo
Feb
29 %
Jun
17%
Dec
a35a36%.
3%
Aug
'
15%
50
j._
Co
Imperial Oil Ltd
Imperial Tobacco
Oct
Nov
20 •'
•
15'A
__
10
pfd__
International
27%- 27%
-
3'A
25
'
a78
20'A
Mar
203
a74Vs
20
Par
International
17%
12
■
Corp_JXJd^i;-•
' ic
—
Canadian
»■
;
Canadian Car & Foundry common—
Class A
*.
27
17%
Bronze
5%. preferred
t
23% May
24%
Dec
14
27
40c
Heating Products—
Lime
Hudson
Oct
•30
common—«
'5% preferred
Canadian Breweries
H
$2
Jan
103
Nov
553 '
a26% &27%
6ale Price
'A*
Industrial
—C2_ju'-'10
Canada Steamship
,
23%
Dec
commoH-iL*-10
preferred
Canada
V
Dec
22
3%
1054
29%
5%
12%
.
preferred
Howard
Feb
19
2%
-__i_100
Y00
•"
^
16 %
,
100
25%
,
5
com
Bakeries Ltd
Gypsum
*'V. :t
6 %
*
Feb
191
1,580
3%
:
>
19
16%
4oq
40% Aug
1
Goodyear Tire 4%
Jan
23%
23%
♦ •
common—.
preferred
Canada
x
Oct
8,821
18
,
1
Feb
96%
'
building Products
i
May
165
■>
Canada Cement
Feb
2.00
30%
24%
Bruck Silk
$1.30
19
801
19
*
R
QQ
295
18%
May
1R3/.
100
General Steel Wares
5%
23%
100
British Columbia Forest ProductsBritish Col Power
Corp Class A__.
General
Feb
%
23
25
British Columbia Elec 4%
21%
168%
17%
•
Oil
18%
19
14
16n/
1.,;,
*
Players
Hamilton
21
167
167%
*
Bank
American
3%%
21
100
Light & Power
Nov
14% May
>
5
—
preferred
5%% preferred
Feb
9%
Dec
10
;
5
5%
12% Dec
.
Bathurst
Dec
27%
&
Gatineau
Nov
Dec
26
-
"
l
Corp
Foundation
Oct
59
227
12
Warrants
Asbestos Corp
Enamel
Famous
Feb
24%
7%
40
10
56%
common—-—
Paper
Eiectrolux
23% Mar
106
Mar
Textile
Eddy Paper Co Class
Jun
135
7%
41
18
8'A
16
preferred
Dryden
Feb
24%
~7%
Feb
18
26 %
Feb
43 %
Nov
8%
140
Feb
30%
a36
,
common
Donnacona Paper 4%%
High
21%
July
100
1,630
15%
May
Last
24%
*
•
preferred
8'%
55
221
52%
218
Dec
23
Friday
36
20
/
253
479
20%
STOCKS—
14% May
17% Mav
125
100
8%
•
•
of
18%
100
—
common
Aluminium Ltd
Aluminum
18%
100
8%
MARKETS
ENDING JANUARY
<s*«-
Acadia-Atlantic
Feb
25%
.15%
Coast Life Insurance
LISTED
FOR WEEK
Range for Year 1947
25
Dec*
10%
8%
a277/8 .;
a74%
5
/;
3,719
r
25
Westinghouse Electric Corp
Woolworth
Dominion
1,912
20%
29%
7% May
29%
10
Preferred
t;
Oct
Low
16
19 3A
21% May
18q
16%
25
Warner Bros Pictures-^
Westates Petroleum common
Nov
Jan
High
16
25Q
9
a40% a40%
•
Corp of Delaware
Utah-Idaho Sugar Co common
Sep
Jan
Shares
19%
20
30
.
—
1
—
*
25%
■
2t
common
United
for Week
of Prices
^
25
Sales
.
Range
Par
Abitibi
f
common
Co capital..
capital.—
Co
Exchange
Week's
Last
75
Feb
Mar
9
15
——
McKee
Canadian Fonda
Friday
852% a52%
58
•
.
RANGE
33% July
Dec
,
Feb
CANADIAN
Montreal Stock
;
Company common—
United
Aircraft, Corp
Sep
15
13
50.
Dec
52%
1
—?
Texas
Dec
6%
Jun
26%
22%
28
1
lo
A
\
,
Dec
tsn
a9%
•
106
160
115 115%;
__
Apr ;
9%
>,445
^
••
Pacific Port Cement common
Preferred —
Ltd
Feb
a9%
May
17% May
May
435
Dec
15%
^2
•
Brands Inc
Standard Oil Co of N J
14%
16%
Co
Studebaker Corp
14%
a20% a20%
'
1
"B"
Standard
Feb
Feb.
14 %
__
19%
660
18%
22
44=
20
18
•
common
class
-Socony-Vacuum Oil
Feb
64
Apr
344
20
__
38% July
May
50
285
26%
Sep'
15c
422
-
•
Dec
7% Feb
15
Feb
30% Jan
__
1
Sinclair Oil Corp
Bo
1,290
-
'
Sep
Dec
18%
—v
aioJl
4%
8%
a9
»
♦
I
For Year 1947
LOW
•
; 45.'' "
45/
a9%
—1
Oct
Jun
Reynolds
Riverside
41
43%
53%
17%
Republic Steel Corp
Feb
555
•
-—50
Radio-Keith-Orpheum
Jan
17%
common
Corp of America
a20'A
10
common
Corp
36%
•
255
22c
21c
53%
Radio
3% Feb
Dec
9% May
2.50
ui6
•
common
Pacific Finance
Dec
26%
Airways
Pictures
Range
High
'
f!
♦
Pure1 yi| 1J0 commpiu^
Oil Summon
*
1
Railway
Sugar Co
Ohio
5
Aviation—*
North-American
,
—
common..
Co—33 %c
•
,
—
capital
American
21c
».*•
4%
Jun
215
a34V# a34%
—1
;
Co
Apr *
4
570
17%
17%
—
Sales
for Week
Shares
Range
of Prices
*■Par 'L°w
•
Co
Pennsylvania RR Co___
Pepsi Cola
Dec
3
2.05
American
Dec
17%
16%
18
_!
Cons
Montgomery W-ard &
•
6%
9%
47'A
47%
17
1.50 July
5
Feb..
1,800
13%
a393A " a393A a407/s
•
-
Dec
75
-
Week's
Last
Sale Price
;
July
36
200
■
2.35
13
•
Navigation Co
44
19% May
36
1,515
a273A a27%
•
;
Inc
Paramount
10
2.30
•
Tel
Oct
500
a4
International Nickel Co Canada
8%
35
4'A
International
Pan
May
May
9
2.30
-■.V-'v'-i'.
Motor
3 %
7%
a4
High
Feb
7
4'A
:
200
-
a4
"
60%
160
v
•
Dec
36
*
1
Low
'
v
41%
35
4'A
Corp
i,1>
;
—
1
Mines
Friday
■
STOCKS—
Packard
5%
2b
Co—.
—
If,
Range for Year 1947
115
a39% a40ys
„
1
,1 '
High
5Ve
36.'
Co—
Hupp Corp
1__
JANUARY
I
Shares
a42% a43%
-
•
^
Oil
Honokaa
pfd
Co A
Class B
Holly
1
common.r
non-cum
a42%
ENDING
for Week
Low
•
common
WEEK
Sales
Range
of Prices
Sale Price
FOR
98
100
10% May
50% May
98%
Dec
19%
44
15%
70
Jan
Feb
Nov
Oct
Nov
103
Feb
*
13%
13%
13%
350
12%
Dec
17
Jan
*
17'A
17
17 y4
775
18
Aug
20%
Jan
.
38
&
COMMERCIAL
THE
(282)
RANGE
FOR WEEK
ENDING JANUARY 16
^
•
Week's
Friday
Range
of Prices
Sale Price
STOCKS—
Shares
Low
Par
Rolland
4%
class
A
1st
2nd
50c
13
101
.
12%
25
Low
Nuclear
Orange
17
106
15%
640
9% May
19%
Oct
43
43%
210
30 % May
50%
33
12%
12%
Paton
Range for Year 1947
Low
11%
11%
10%
•
______20
Crush
-
High
10%
780
32
32
16%
16 %
410
11
High
May
15%
10%
Dec
22
70
32
Nov
33
Sep
40
,
14%
Aug
21%
Jan
•
Ltd—
Stores
Service
Paul
50
1
:V
—
6%
__
*
16%
112%
Jan
1st pfd—100
109
110
50
107%
Apr
Purity Flour Mills Co Ltd com——.10
preferred..
Dec
Jan
Oct
33
43
50
49
Shares
*11%
Enterprises Ltd
Ltd
Mfg 7% pfd
Jan
Feb
Sep
Dec
102%
5
15
y.
for Week
Par
High
'
*
com
conv
New
101
preferred—100
preferred
$2 preferred
New
13
101
*
Paper common
Saguenay Power 4%%
St Lawrence Corp Ltd
Range
of Prices
j.
Low
Sales
Last
Sale Pries
-
STOCKS—
Range for Year 1947
High
'/'/.Week's
Friday
Sales
for Week
Last
Monday, January 19, 1948
MARKETS
LISTED
CANADIAN
;
CHRONICLE
FINANCIAL
10 %
10%
25
11%
Nov
21
10%
10%
53
6
575
17%
18
535
18
22
22
26
12
14
14
150
10%
10%
Power Corp of Can
250
cum
14% May
St Lawrence Paper Mills—
*
preferred
1st
2nd
;
90
—1
,
41
Quebec Tel & Power Corp "A".
116
480
Service
Oct
Rands
Jan
Reliance
Russell
140
Jan
Series
Water
4%
A
Power
&
21%
*
V
C
T
3,355
21%
46%
47
1,380
47%
Dec
14%
15
265
12%
14%
405
19
19
*
Southam
Press Co
•
25%
Dec
14%
50
21%
14%
preferred
Sicks Breweries common
21%
47
•
com
19
Grain
15%
Nov
Sangamo
Co,
16%
20%
Oct
Southern
Apr
Oct
Canada
Chemical
Standard
Steel
Power
United
Steel
Wabasso
Walker
Corp
•
Cotton...
Electric
preferred
5%
Limited
b'/o
'
77
77
77
26%
25%
26%
20%
85
22%
25%
8,950
5
May
89
Jan
25
27%
Canadienne
81
Feb
Westeel
Oct
Windsor
Hotel
28%
23
Mar
23%
Dec
13
Jan
97
20
96%
Nov
101
May
25
34%
Dec
38
Feb
27%
20
26%
Nov
27
Jan
22%
Scotia
22%
26%
10
io
26%
27%
22
Nov
Nov
1,205
21%
Sep
23%
665
25%
Apr
28%
36%
185
34
July
39
Alger
&
Power
3s
2,380
22
Apr
25
Jan
50
1949
50
$7,000
50
Jan
50%
Feb
Acme Glove Works Ltd
Bathurst
&
Pwr
Beldmg-Corticelli
Bang*
for Week
of Prices
8hares
Low
Range for Year 1947
Low
9%
9%
100
12%
1,290
6%
6%
235
100
163
163
38
_•
80c
80c
1,000
15%
15%
5
22
22
50
Distillers of Vancouver Ltd_5
Brewers &
Bright
Co 6%
&
pfd
cum
22
100
British
Packers Ltd
Columbia
Columbia
cl
Pulp & Paper
A
12%
•
com
Preferred
Brown
100
Company common.
Mining
Preferred
.100
Canada
Packers
Canada
Starch
Canadian
Ltd
Co
class
Ltd
11% Mar
13
Nov
7% Feb
5
Jun
162%
Dec
80c
Dec
Nov
177
3.00
Jun
17
Canadian
Gen
Canadian
Gen
Electric
Invest
_
Co
.
Jan
301
109.75 109.75
■-
Jan
7
Nov
113
May
109
Nov
23% May
Dec
112%
Jun
Jan
Mar
15%
30
Feb
;
7%
Apr
275
May
240
15
14%
15
y:28o
Industries
•
common
23%
24%
2,005
21
58
175
Dec
190
Aug
45
61
Dec
69
Feb
preferred
Canadian
162 V. 162
Ingersol
Rand
Co
Canadian Internat Inv Trust
5%
•
Ltd
com...
14
16%
Sep
5%
Power
&
Paper Inv Ltd
pfd
cum
Canadian
3% y 3%.
pfd
cum
3
May
40
100
Jun
1.75
*
l'/b
40
*
com
:
Vickers
Canadian
Western Lumber Co
T 85
7%
Ltd common
pfd__
Claude
General
Neon
8%
Consolidated
Aircraft Corp
David
&
Class
Corp
12
129
535
22%
50c
50c
30c
50c
200
4%
550
7
450
.
*
*
17%
173/4
*
Mines
Ltd
Esmond
Mills
Ltd (The) cum pfd
Aircraft
95c
32
Goldvue
22
Co of
Oct
140
Jan
27
Nov
Apr
Apr
Feb
14% May
75c
7%
21%
Oct
Nov
17
18 3/4
Foreign Pow Sec 6 %
cum
Oct
2%
Apr
60
.
22% Aug
32
Nov
4
Mar
36%
Apr
42% May
40
205
36
Apr
42
.
14
A
120
19%
*
Lake
Halifax
Rowan
Hotel
LaSalle
de
Investment Foundation
Lambert
(Alfred)
*
A
Ltd
™1
July
100
.
2
Sep
10
46
Dec
MacLaren
Maple
Ltd
Massey-Harris Co Ltd 6%%
McColl-Frontenac
Melchers
6%
4%
Distilleries
&
Ltd
pfd
Mount
Royal
Rice
Scotia Light
-100
Mills
&
53%
916
42
19%
445
15
.
9%
43%
.
43%
■
—
44
8
For footnotes see page 42.
com
89c
Sep
18c
19,000
5c
Sep
vZ70c
Oct
47 %e
46c
54c
35,800
38c
Dec
54c
Nov
Sep
4c
July
8c
15c
Apr
28c
15
15
Dec
21%
11c
11c
1,150
10c
Oct
44c
Jan
19c
19c
13,800
7c
8c
6,500
21c
22c
20%
20 %
8
Oct
60c
Feb
7c
Dec
"25c
Jan
19c
1,950
—
May
39c
Jan
Jan
25%
Nov
1.60
Jan
14%C
-
18%
83c
83c
83c
3.10
3.10
3.25
4,900
71c
71c
80c
21%
4,200
28c
Julv
500
20c
Dec
1
_.
*
—
16c
1
Ltd
Aug
4.65
5.25
200
Sep
5.25
Jan
4%p
2,000
Aug
•56c
Jan
92c
Nov
Feb
9%c
Dec
17c
Jan
2.60
Feb
12c
12c
500
15c
Mar
29c
Jan
11c
15c
1,900
10c
Dec
40c
Feb
May
45c
20c
20c
24c
11
10c
11%
470
>-
1
& Explor Co Ltd
1
1
624
12c
10c
100
8
10%
10%
13
13
43
,
Dec
Mines Ltd
(1945)
—
2%c
1,186
2c
Mar
5c
Feb
5%c
4,000
5c
May
13c
Jan
7.00
14c
7.15
14c
1,450
7.00
1
—
14 %c
Oct
33 %c
Jan
25
12%
12%
7.40 Aug
3.55 May
300
12%
Dec
16%
Jun
22c
;
>
Nechi
Cons
Normetal
6c
6c
6c
2.000
7c
Dec
1
1.28
1.28
1.35
5,800
1.30
Dec
3.55
Feb
1
1.28
1.10
1.65
25,400
1.70
Dec
4.80
Jan
1.14
1.15
1.69
2.05
4,700
1.01
Oct
5c
7c
5,000
7c
May
16c
18c
8c
4,000
8c
May
27c
500
9c
May
18c
60,700
50c
Nov
Ltd
1
Dredging
Mining
Ltd
Corp
__
*
1
O'Brien Gold Mines Ltd
Cadallic
Pen-Rey
Gold
Mines
Gold
Mines
Ltd
1.69
2.00
1
1
Ltd
Pitt Gold Mining Co.,
Ltd
—
1
—
8c
8c
1.35 May
2.05
Jan
1.82 May
2.90
Nov
*
1
Ltd
Crest Gold Mines Ltd
50c
9c
50c
9c
58c
9c
—
5c
5c
1,000
14c
3,500
15c 15%c
1.15
1.15
10,500
1
Ltd
Mines Co
Gold
Rochette
12c
__
Santiago
50c
50c
Mines
Sheep Creek Gold Mines Ltd
Sherritt-Gordon Mines Ltd
—
—
Sladen-Malartic
1.80
25c
Mines
Gold
4%
25
12%
Thurbois
11c
Dec
25c
Mar
12c
34 %c
May
1,330
1.60
Feb
5.35
Feb
Jan
2.85
35c
35c
35c
500
37c
Aug
53c
12c
12c
13c
6,000
7c
Sep
19c
60c
60c
61c
60c
62c
500
50c
May
1.85
15c
1.90
18c
1
tLd
1
.
—
1.85
1
15c
9%c
1,834
85c
2,350
17c
Dec
5c
Aug
;
Mar
Jan
,41 %C Sep
20c
July
1
7%c
7%c
9c
Co Ltd
*
1.73
1.73
1.85
2,000
*
19c
19c
500
4.00
400
52c
53c
16%c 19%c
3.25
3.25
4,600
44c
Dec
70c
44,200
11c
Dec
61c
1.25
1.60
4,600
6.00
1-22
6.50
1.28
Malartic Mines
Vinray
Oil
Stocks—
Anglo-Canadian Oil
Calgary
Edmonton
&
Corp Ltd
0 Calmont
Oils Ltd
Foothills
-*
_*
16%c
1
Oil—
.1 39
Gaspe Oil Ventures Ltd
Co
Oil
Home
*
_—i_.—-—*
Ltd
Ltd—:
Oils
58%
Nov
20
Jan
Oct
13
Jan
9
Jan
Jan
123/4
Jun
14% July
11
Feb
:>V
y*/V.
-r*.\ -Vy y
.
;.v»v
y:-::'.'*
.•. •
z.
01.50
";yy •••;*/
Jun
Dec
July
Jun,
Jun
2.90
40c
May
2.05
Jun
2.94
Dec
Dec
5.75
Sep
2.55 July
9c
62,500
Jan
60c
6,210
Sep
24c
July
Jan
20%
Jun
$2.50
class A
Preferred
Acme
Gas
Jan
46
Jun
143/4
Feb
*
Agnew-Surpass
Akaitcho Yellowknife
Dec
31%
Feb
Alger
96
96
10
94
Dec
5%
Jan
*
1
*
«
-
—*
..100
Sep
7%
Feb
Aluminium
13%
18
Aug
14%
Jan
Aluminum
23%
1,040
15 3% May
24%
Oct
71
70%
71
75
65% May
Amalgamated Larder Mines
...
1
American Nepheline
,—...——*
9% May
193/4
Oct
76
Nov
10%
Oct
21
Aug
American
Ltd
common
Yellowknife
Anglo Canadian Oil
--
4%
—
1
—
Mines..:
Aigoma Steel common
Gold
of Canada
100
100
Oil
May
104
v;'S:
par
•"
pfd
:
—
v
Low
16 %
20%
37%
8%
8%
1,100
11c
55
38,200
1,435
223
24%
32c
35c
41c41%c
12,350
2,100
219
219
24 %■
—
-
150
650
*
10c 10 %c
1.71
1,000
1.95
30,950
1.67
Hiah
S1V4
Feb
59
Fab
43%
Jun
19%
100
5%c
,
.
23% Mar
Dec
Dec
May
107
%
11c
Feb
Jun
9%
Sep
90c
Jan
1.50
Jan
10c
Oct
32c
Feb
21
Jan
59%
Nov
188
Dec
8%
100
87%c87%c
V
36% July
50
25
2,500
100
7 V*
-
im MW
2,745
20
t
»
14% May
810'
18%
100
7
8%c
52 %
24%
32c
Range for Year 1947
pm
low
9c
53
1
*
Sales
Range A for Week
• * 8hares *«
of Prices
~
—
&
11
12
14%
155
Exchange
*
16
——20
20
19%
20
—
37
;—18%
preferred
preferred
Acadia-Atlantic
..
Prise.
Power & Paper common
Abitlbl
26%
175
2.90
5,300
Week's
Last
STOCK*-
40
360
4.15
Canadian Fnnds
.
176
10
30c
Feb
1.90 May
300
'13c 14%c
18 18%
14c
18
Friday
Nov
19%
Nov
Mar
•.
215
193/4
—
Toronto Stock
V
14
10
1.90 July
1.27 Mar
19c
Jan
Feb
9%
193/4
6.25.
—-*
*
Exploration Ltd
Oil Co Ltd—
13%
10
4.00
—
——1
.
Co Ltd.....
Oil & Gas
223/4
—
—
*
23
♦
Jan
Nov
2.80
1.70 May
1,600
Feb
20c
Nov
15,500
Feb
Jun
8
,
Feb
1.15 May
2.10
200
*
Mines
Nov
19%
225
100
Mar
Oct
Jun
1
Ltd
Mines
Cons
28
5
Feb
Nov
7c
2.85
•
Jan
5c
1
Soma-Duvernay Gold Mines Ltd
Stadacona Mines 1944 Ltd
13%
5
.Feb
6%c May
1,000
3.00
21c
1
Ltd.
Mines
5
—
Feb
1.20
100
5,300
_*
Yellowknife W»m Mines
Quebec
Red
Feb
1.00
Ltd
Jan
47%
100
325
Feb
28c
May
2c
Jan
Dec
7%
50
Sep
Nov
14
9.50 May
4%c
2c
1
18c
9,500
11
,
1
Ltd
74c
2.74 May
13,800
5c
5c
11c
5
Mines
500
4.50
4.50
16c 19%c
*
Ltd.—
Mines
21%
5c
1.00
Gold
Gold
20c
8c
21c
>
r
3% May
61
18
6
9%
42
—
,
Sep
11c
1
27%
96
Oct
15c
Nov
153%
4
9%
Oct
May
13% May
90
14
8
'■
2*
*
Ltd
Power
Dec
15c
*
common
Paper Co
Moore Corporation Ltd
Nova
50
18%
pfd_20
II10
Ontario
Jan
6
—
conv
preferred
Minnesota
May
20
30
*
Co
Oil
2
730
~
Power & Paper Co
Leaf Milling
3,525
6
•
Lowney Co Ltd (Walter M)
18c
1
...
Goldfields
Royalite
3%
*
com
Inc
16,000
1
Omnltrans
22%
14
u
cl
17%c
22c
19%c
Jan
6
„10
Inc
.fun
1.000
Mines Ltd
Lingside Gold Mines
Louvicourt
Jan
3
43%
Jan
44c
5c
2.000
Macdonald Mines Ltd
Nov
22
51%
V 18%
*
Paints (Can) Ltd
Int'l
19%c
31%<J Feb
Nov
5,300
4c
Lake Shore Mines Ltd
12
— —
*
Co
6,300
Ltd...
Labrador Mining
15
22
_
Insurance
Dec
67,000
7c
Cc
1
Ltd
Mines
27
20
200
2%
473/4
'
—-1
preferred
lie
11 %c
10c 10%c
1
Mines
Consolidated
8% May
4,704
9%
2%
red pfd. IlOO
Great Lakes Paper Co Ltd com
Jan
15c 17%c
_.l
Gold
Hudson-Rand
Jack
11% May
143/4 May
200
23%
19*%
A.
Fraser Companies
14%
Feb
65c
2,350
July
40
47%
1,
class
Nov
6c
Oct
5% July
25
14
3/'.
Canada
10
13c
.
■
Motor
9
4c
Ltd.™,.
Consolidated
Hollinger
Standard
7
21%
5
Fleet Mfg & Aircraft
Ford
Oct
13c
Ltd
Mines
Okalta
1120
—
Nov
10c
.1
Gold
Sullivan
38
9%
Shops
?0%
—
Ltd
Mines
Mines
Jan
15%
39
Ltd
Limited
Candy
May
13c
Lake Gold
Feb
7
:T :
.
1
*
Ltd
Products
Jan
23
15c
1
Consolidated Homestead
39
*
Worsteds
&
Paper Co
25
8
-
July
.
1
Mines Ltd._-._i
Gold
Deo
38
*
Woollens
10
*
Mines
Gold
4
Jan
6%
120
32
"7
*
Steel
10
14
___1
Ltd
Ltd
Mines
Sullivan
47
'
*
_
Eastern
Mar
3%
7,914
17%
90c
—
Corp
187/a
17%
pfd 20
Dominion
Jan
325
British Dom Oil & Dev Corp
*
Ltd.!
Square
Oct
490
a
Fanny Farmer
300
27
Dominion Oilcloth & Linoleum Co
Fairchild
14
•
cum
Mar
2% Aug
39
130
_
Donnacona
1
130
Ltd
Frere, Limitee A
B
Dominion
4,325
40
26%
common
Consol Textile Mills Ltd 5 7c
Cub
3%
5
Paper
Oct
Sep
'
130
preferred
Sep
155
135
26%
Ltd...
Adv
Commercial Alcohols Ltd
Aug
10%
Feb
*
com
28 %
-
.
Feb
Feb
10O
Catelli Food Products Ltd
110
3.50
14
1
.
cum
43/4
,
Feb
14
3%
3%
25;
1.75 May
75
141
40
2
18%
May
34
Feb
10%
3
12%
140
Westinghouse Company Ltd.*
Cassidy's
1.80
12%
140
100
Canadian
64%
Jan
106 % 106%
L100
preferred
Candn
64%
*
May
9
*
Quebec Manganese
Canadian
16
1
Ltd
Ltd
Pandora
240
■
Mar
Jan
May
265
2<
18
20
30
's
171
16% May
10% Feb
100
25
Feb
24%
m
Ltd
11
25
-J50
May
25
Dec
May
67
50
11
—
*
18
May
18%
70
18
16
98
.
2% May
155
1,538
—5
Ltd..
Ltd
Co
106
18%
Oct
13
43
1
18%
.
43c
Feb
25
15% Apr
'21
Feb
33,155
90%
*
com
160
5%
93
Too
pfd
B
Dredge & Dock
160
4%
18%
*
_
28%
1
Co Ltd
Goldbeam
9% Aug
185
4%
21
Ltd
Mines
Corp
Francoeur
High
Jan
8
25
85
....
1
Canada & Dominion Sugar
Canada Northern Power 1%
12%
80
80
Gold
Mines
Lake
British
Jan
123
Jan
30% May
1
Explorations T.td
Sol
J-M
A
20
20
Mines Ltd
Mines
Cournor Mining
Found
High
12%
pfd
7%
Millen Ltd
&
Brand
11% Mar
Dec
23% May
10
1
Ltd
Gold
Formaque Gold Mines Ltd
Bales-
CI B_*
Ltd
Co
Jan
24c
200
34
1
Mines
Falconbridge Nickel
Week's
•
Paper
July
114%
26
9%
34
*
Ltd.
Lake
Gold
Century
El
*
Limited
Steels
Atlas
17%
9%
•
Cartier-Malartic Gold Mines LtdJ
Eldona
Canadian Funds
Sals Pries
17%
__
Consol Central Cadlnac Gold Mines—I
Montreal Curb Market
Par
10
__
Ltd
Canada,
Gold Mines
Lake
Donalda
STOCKS—
23
♦
of
Yellowknife
Candego
East
Last
Feb
15
10
9
*
Ltd
Gold
Red
Beaulieu
Dome
Friday
21
12% May
7,884
;—•
cl A
Mines Ltd
Gold
Band-Ore
Beatrice
Cortev
Heat
Nov
Oct
Jan
25%
BONDS—
Lt
Aug
18%
Oct
Mining Stocks—
Centremarque
25
25%
...io
Jan
Dec
9%
Apr
Feb
Sep
36
10
...
Royal
/'•. 19%
10
21
23
115
40c
23
Ltd
Corp
Products
35%
21
21
10
Montreal
Montreal
Distillers
Apr
Dec
114
38c
♦
Amusement
Bob's
Commerce
Jan
4
25
114
40c
of Canada Ltd
Gas
United
Banks—
Nova
Union
Feb
19%
100
Ltd
Thrift Stores
10
21% May
pfd
Ltd
Co
Screw Co Ltd class A
Stowell
Dec
26'%
*
30
10%
May
8%
Feb
82
y.
35%
100
preferred
Oct
96!
24%
•
common
common
Oct
72
830
1
Sep
9%
Dec
6%
490
14
*
6%
Pr
United
*
Worts
y
65
6%
6%
6%
7
78
230
y;
20%
&
Winnipeg
Zellers
79
*
;
Gooderham
Vtfilsils Ltd...
7
75
79
18%
Mar
75
906
J/4
7 %
74%
7%
79
25
;
16
265
18
17%
♦
common
preferred
.1%
17%
•
common
of Canada
Co
•
•
Ltd—
Invest
Southmont
Southern
Ltd
Canada
17%
*
19
3
Nov
12% Mar
65
Sep
21*
5%
20
Ltd.
Industries
50%
16%
__
•
pfd.
Co
__
*
Stores
Reitman's Ltd 5%
Shawinigan
red pfd__100
Quebec Pulp & Paper 7%
115
615
129% 130%
100
preferred
92%
40%
90
99
__
preferred
6%
Dec
Mar
228%
24%
Dec
27%
22c
Dec
1.90
45c
Dec
7%c Oct
97c
Jan
Feb
Jan
77c
Jun
19c
Mar
1.90
July
Volume 167
Number 4665
THE. COMMERCIAL
'*»
&
RANGE
Week's
Last
STOCKS—
,
1;
of Prices
Par
•
Ansley Gold
Apex
Argus
Resource*
•'
Porcupine
Corp
1
—.
11c
25%c
—
i_l
11c
1
Mines
9c
1
7c
7c
;
Bankfield
Cons
of
Nova
Metals
ox
7d
4,000
7'/2c
Oct
28%
Nov
Cournor
39 %
Jan
Crestaurum
Jun
40
Jan
Croinor
10c 11 Vic
19,600
23o
Jun
Crowshore
10c
21
27%
750
21
72c
"
236,680
•740
40
18 %c
* 23c
•
^ 168 ^
167 168%
63c
63c
<
•;
•
63c
-75
25,600
,•£>-;
22c
25c
11%
11%
5c
4,500
10 V8
11
1,306
75c '*—• " 75c
Packers
75c
500
-
18%
17%
7c
__
'
'
6c
18%
class
Oil-
;
Callinan
4 % r/c
25%
Nov
29%
Jan
25%
_
15%
556
12
10c
Dec
33c
50
12
Sep
50
20
12%
Oct
99%
60
68
v<
$
^
C
Am*-
199%
$
-
•
_.
_
7
$
_
"A"
;
1.55
7c
8c
7,000
43c
48c
11,600
36c
35C
35c
36c
1,500
30c
6 Vi
July
Eureka
Falennhrlrige
Apr
75
Mar
Famous
6%
Dec
8
Jun
Fibre Products
48 %
Nov
62
Feb
420
14
May
21%
Dec
18,400
41c
Dec
1.40
Nov
1,593
18
Jan
25%
Sep
Jan
26%
Dec
33%
Jan
6%
Oct
9%
Feb
4%
Feb
7%
_
115
188
25%
50
19
Apr
7
25
7% Aug
21
120
21
21
21%
25%
63
Francoeur
Frobisher
25
May
May
19c
21c
22,200
16 Vic Dec
20
10
55c
26% May
25
25 %
160
25
Sep
29%
20%
150
20
Dec
26
41c
12%
285
11% May
15
Feb
16
16%
63
63%
1,075
100
16
Nov
19%
Globe
May
May
30
Feb
Goldale
15 Vi
Jan
God's
140
18
120
10
89
20
90
Dec
100
260
5
260
Nov
275
Gold
May
Gold
Lake
35
11% May
16%
Aug
60%c May
37%
Jan
Goldhawk
1.25
Nov
Goldora
Goldvue
Feb
Jan
9
9
9%
445
8% May
11%
Jan
31
31
50
37% July
40
18%
Sep
21
Jan
92
12,900
60C
69c
69c
83c
95,900
28c
May
20c
19c
23c
14,100
19c
Dec
19%
19%
20
587
16%
Oct
762
15
100
Golden
Sep
18%
168
Mar
183 %
Jan
Goodfish
11% Mav
15%
Feb
Goodyear Tire
145
150
70
Feb'
25
14%
14%
14%
3,692
*
25
24%
25
Cariboo Gold
130
1
2.50
2.50
2.55
Castle-Trethewey
-1,700
1
1.28
1.30
2,000
1.20
1.37
21,050
Patricia
Gold
Mines
PorcuDine
Mines
25c
1
15c
£•'%
1
43c
•6c
25c
13c
8%
43c
6c
29c
15c
19,500
6,000
8%
25
50c
8c.
3,500
19,600
see
page 42.
2.70
2.68
2.80
1,500
20c
_
Gold
For footnotes
1.26
0
,
Mines
1
1
Centremaque Gold
Chateau-Gai Wines
Chemical Research
Chesterville
:
20c
23c
5,100
23%
Nov
26%
Apr
2.00 May
1.10 May
3.05
Nov
1.23
2.20
13c
Oct
July
1.45 Mar
50c
Class
Jan
3%
9
4
Dec
7%
Jan
10
12
Nov
14%
Jan
14,965
4.40
4.40
4.55
1,710
17%
5%c
A
6c
9
8%
12
3
22%
12c
13c
2.29
19%
107
Mines
——
_•
—
15%
1
10
—
_
5.90
16
5.80
6.00
10 %c 12 %c
11%
100
Feb
5
Feb
25
Nov
38c
Feb
3.25
v
20
Dec
Jan
Aug
111% May
Dec
20
July
101%
Apr
Nov
*
143/4
Aug
10
103%
Dec
3,881
Dec
13%
Apr
130
•
Feb
5.40 May
18 %
108
Feb
Nov
7.15 Mar
9,400
10c
July
3%c
15,000
3c
Dec
9c
Feb
70c
70c
75c
42,750
42c
Sep
71c
Aug
84c
84c
90c
37,700
57c
Jan
16c
16c
17c
2,000
16c
July
22c
Feb
14c
16c
8,600
11c
Jun
32c
Aug
4c
5%c
1,500
4%c Dec
23c
Jan
13c
13c
14c
4,700
13c
50c
Jan
2.20
2.30
12,800
1
1
1
2.20
a
1.85
Aug
Dec
23c
Sep
1.98 Mar
3.30
Jan
'
14c
15c
15,300
8c
Aug
74c
Jan
1
6%c
6%c
7c
17,500
7c
Mav
20c
Sep
1
20c
20c
24c
9,900
17c
May
3%C
3%C
2,000
106
108
45
95
July
——
1
108
Guaranty Trust
51
52
630
52
Dec
55%
103/4
515
10%
Oct
12
22%
23
50
24
Nov
12 %c 12 %c
3,650
*
1
•
«
—
'
Guayana
9%c Aug
4.30
Jan
Gunnar
61c
Jan
Gypsum, Lime & Alabastine
_
Nov
18
13% May
19%
44
444
43
Dec
47%
12
225
10
Nov
11%
126
126
20
117
Jan
—
4,120
73 c
67c
76c
10,600
30c
30c
500
20c
a
15%
15%
153/4
750
13
70c
Dec
Sep
Oct
12
19
Jan
Jan
Nov
43%
-100
1
Jan
16c
18%
1
Dec
Apr
Sep
29%
43%
a
—
11c
113
10%
a
_
Lakes Paper common
Dec
51
•
B
Great
3c
46c
10%
....
_
Bousquet
'
*
•
common
'
125
1.00
Jun
Dec
Aug
Nov
'
Dec
May
:
Dec
3c
1
_.
Mining
Gold
Dec
'
Jan
9
Jan
108
Feb
Jan
9%
Dec
16%
29
106% 106%
10 %c
1
,
Class
A
preferred
Great West Coal com
2.58
11c
Aug
2.05 May
50
15%
1
__
._
Sep
21c
108
16%
100 %
May
19%
15
16%
—
9%
a
_
Jan
•
19% '
67
Dec
12c
4,890
-100
Mines
Nov
Jan
2
1,100
2.15
•
28c
33c
113/4
640
12c
2.15
193/4
Dec
May
6% May
650
21%
5c
Aug
2
20
3
22
_
_
11%
Dec
4%
430
*
•
16
384
8
Feb
46 V
4,000
8%
.
12
__
Dec
5c
5%c
8
Oct
5.50
Sep
14c
_
Sep
79Vic Jan
200
4.70
3.90
295
4%
1.96 July
215
47%
8%
*
7
May
18
47
4%
—
47%
3
_
14c
30c
Jan
4.55
•
Mackay class A
Graham
!
2534
12%
—
Preferred
Gordon
\
3%
,
Pacific Railway
Canadian Wirebound class A
V
Feb
2.60 Aug
60c
Sep
4.05
__
Porcupine
13
1.36
12
a
_
Manitou
110
Oct
3%
Oct
Oct
19
''
1
Aug
_
class
'
'V
Dec
2.45
•
Mines
100
85c
43c
4.75
25
Mines
28%
80c
Nov
1.50 May
—
Mines
Arrow
1,395
12%
14%
22c
2.70 May
_
Gold—
13%
28%
27,700
5,500
Gold
13
•
43c
39c
12,003
•
_
Mines
Eagle
Golden
July
1.70
1
12%
17%
12 %c
100 %
*
11% Mar
Jan
Jan
3.25
Jun
260
5c
68c
Exploration
Goldcrest
25
11%
13.5Q0
1.58
28 3/4c Sep
1.63
Feb
11
Jan
9c
18%
-
89
57c
61c
OR
67%
Dec
Dec
1
Gold
May
25c
53c
63c
Lake
55
7%c Dec
10,300
18%
Giant Yellowknife Gold Mines
Feb
15,000
3.05
_
Steel Wares common
Glenora
8,300
10c
1.65
—
-Gillies
59c
30c
3.10
Preferred
Jan
12%
Jun
8%c
--
Jan
20%
Jan
90c
1
Jan
24 %
13
Canada
General
1.62
26c
■'
_
preferred
•
General Product Mfg class A
23% Nov
Sep
26
55c
Feb
15
9c
9c
26c
Gatineau Power common
Mar
May
Jun
—
Jan
Nov
Nov
11
64C
19c
_
5%
22%
100
•
7
Feb
17
87
27%
May
800
Mfg & Aircraft
40% Mar
Nov
27,500
Fittings Ltd class A
Fleet
198 199%
Sep
19
20<
455
Jan
12% May
14
1
Jan
Oct
26%
45
88c
—10
Apr
May
1,025
Aug
14
com
18
12%
17%
Oct
/:40 V
_20
_
40
72
5
26
>
Nov
of
40
41
80c
Kirkland
Ford
275
3%
16%
16%
8%
3%
41
.
—
80c
common
16
40
7%
„1
25
A_
<
Sep
875
•
1
_
/
Feb
28
1
Dec
Jan
21
a
Grain
36% July
201%
1.70
27
Fanny Farmer Candy 8hops
330
70
98c
63c
•
215
25
Aug
19%
1
18
328
Dec
44c
19
1
class
37%
70
60c
54c
1
A
17%
13%
19,900
23,400
27
Trust
11%
40%
79c
60c
20%
*
11
Mar
Sep
70c
19
•
Preferred
Sep
75c
56%
Federal
Jan
Federal
13 %
Feb
May
•
__
Players
30
Jun
Feb
85c
29%
Ltd
Nleke]
30
8%
Feb
26c
May
54c
-25
Insurance
7
15
2.44
Dec
,
20%
Corp
52
Dec
Dec
6 Vic
4.35
Equitable Life
Jun
105
1.46
2,600
52c
—
a
7
•
common
Canadian
Chi mo
1.45
Jun
Anr
B
_♦
„_
preferred
Cheskirk
Mar
31% July
1,140
—So
.1
Locomotive
Canadian Malartic
Central
Mar
14
43c
*
Mines
Electric
Class
23%
68%
3,736
*
Canadian
Central
English
17%c Feb
lo% May
23
*
common
.
Cob
31
Nov
8c
Dec
Mines
27% Dec
24
__
Preferred
Oil
Oct
10
53
MlneR
32
22%
12%
Alcohol
Dec
Gold
Gnlri
80
23%
16%.
-
Industrial
4.15
flnl
313
24
—
_
Gen Electric
27c
26
100
1
68
23
,.
$
-
Products
Jan
150
11
1.50
•
class
18%
13%
'*
*
common
Dredge
1,000
26%
11
;
Invest
27%
70
—20
Food
Dec
39%
A
common
17c
25%
*
18
'
15c
25%
•
37
■
Oct
25
Minps
Eldona
■
.'.'l.
..
_
Dec
100
Apr
30c
5
Mines
27.%
18
B
Oil
Paper
Elder
3.50 Feb
_
common
Economic
Feb
73c
98%
2%c
Aug
375
Mar
Jan
Jan
Dec
4%
Oct
9c
50
Eastern Steel
16% May
95
60c
14,500
—1
Malartic
Sullivan
Eddy
6,000
4%
II,300
18c
p
.
Canadian
Nov
12C
4
95c
-50
.
14%
Feb
80c
Dec
19%
Jan
1.43
14 %c
v
Dec
Jan
-100
Breweries
Celanese
East
2.30
$
Bakeries
...
East Leduc
30
1.50
Dec
26%
Oil
Feb
24c
4%
Crest
Jan
July
May
May
26
Mine*
52
'.
preferred
East
50c
12%
4,275
common-
Coal class
&
Mines
Amphl
37%
12%
69c
10 %c
14 %c
Mar
14%
29,000
Gold
35c
Jun
22
25%
Canadian
Canadian
50
58c
3,400
3,600
50
Stores
May
11
Jan
50
Woollens
Dec
28
25%
2.70
_
Cable class
East.
East
51c
--w
—
1st preferred
Class B
15c
2.50
Canadian Bank of Commerce.4;j-_.—10
Canadian
Dec
5c
Class B
Class A
13c
1.70
17%
Canadian Car
3,000
30 %
26%
Duquesne Mining Co
Duvay Gold Mines
Feb
7-,370
_
Convertible
14c
4.75
5,500
$
Power
Canadian Canners
Dec
Dulama
Feb
8c
;
&
2.20
1.55
Dec
80c
*
Mines
Oujuaiaa
48 Vic Feb
4.30
•
Permanent Mortgage
Canada S S Lines
Canadian
Dec
25
Nov
—1
:___ __i^.
Steel
Dominion
El
50
Canada
Canadian
65c
52c
125
Jan
1.90
76c
Jun
3.90
*
Packers class A
Canadian
15,5001
30c
7%c
Machinery
Canadian
Aug
95c
2.40
2.60
25
Dec
Oct
82c
10
__
Scottish Invest
Dominion
Nov
12%
100
Northern
Wire
27c
15
2o
Preferred
3,300
Dec
3%
3.95
*
Malting
Canada
36c
1
7,200
174%
12c 13 %c
_
7%c
common
Canada
Class B
13c
100
92c
98
Oct
50
_
Feb
_•
Preferred
Canada
34,500
10c
4%
_1
preferred
Canada
22C
25%
—L
common
Canada
July
17c
1
Cement
2
78c
10c
Lake—
Bank
Dominion
12
Aug
147
78c
__
Feb
2.20
14% *
preferred
Canada
Dominion Fabrics 1st preferred
9
12
_
Flon
Bread
Dominion
Apr
"•35c
.____♦
Oils
Campbell Red
Jan
Oct
910
34c
Jan
3 Vi
*24
5%
5,900
Dec
78% May
133
Jan
•
T32c
40
20c
11 %c
2,655
.-Jan
•
Dec
Feb
30 %
60,300
99
55c
2
Dec
16
30
20c
153
Feb
38c
70c
6c
Dec
17 %c
Feb
Oct
Diversified Mining
Dome Mines Ltd
13% Mar
May
30%
common
Flin
Dec
12%
14c
Nov
61c
21
July
„1
-
Distillers Seagrams common
Jan
60
:
1.20
Oct
44c1'•Feb
V 17c
13
2,100
Oct
Jan
18c
25c
Lake
Preferred
17 %c
Calder-Bousquct
Calmont
May
90c
Red
Discovery Yellowknife
j
Dominion
„
16%
65c
1,000
20c
__1
Sep
1
*
Calgary & Edmonton
'
Lake
Dec
V'.-
231
24,650
21c
1,500
1
24%
83c
_
preferred
-
3 %
625
16
78c
3,150
__1
103 %
__
;
Dec;
Aug
Red
Dickenson
Oct
30c rFeb
Mines
Dec
2.20
*
B
16'/8
;
1,500
775
Jan
22c
Lake
Dec
/•
1
A
Oct
Jan
4
2%
1.56
27c
„1
Nickel
97%
*
Mines.
•?'
97%
25%
Dec
•
"
__
Building Products
Burlington
Steel
Aug
97
25%
95c
86c
*
Mines
Red
24%
•
.
31c
1
1,120
1
Canadian
Mar
3%
I8V2C
Porcupine
Gold
Detta
12%
•
Ankerite
Denison
Jan
24%
25%
I,600
25
*
24%
•
Jun
95c
21c
;
;
Dominion Foundry & Steel
Dominion Magnesium
5%
Feb
60c
26c
A
24%
•
A
Delnlte
Sep
Feb
90c
class
B
Jan
.5%
42c
May
85c
27
127'
Nov
37c
12c
Oct
'
32c
1,700
Feb
27c
1
21%
97
87C
Patricia
Leather
Class
1.35
40 ^
v
1,000
50c
15
21c
Pershing
16%
4,500"
36c
Dec
1
1,165
«
Power
|
20%
5c
*
Jan
11
1
Mines
23%
*
R
'
Davis
;
Feb
Dec
25c
6,148
7c
Mining
23%
3%
A__
Sep
191
Jan
10
v<
Feb
35c
151
•
Oct
14c
"■
51c
Dec
97%
♦
23%
100
class
89c
Oct'
16c
100
4%c
s-lOVif
Mills
Petroleum
60c
4,000
Dec
5c
16 %c
•
Davies
iJun
Jun
24c
17c
1
17%
10
17c
22c
4%c
■*
:
pfd
Dec
42
Feb
8 %
15% May
240
152
Aircraft
Dexter
?,
22c
A
Electric
Aug
43c
21,018
15c
•*
B
Caldwell Linen
Cub
3.45
Feb
3,615
28,000
Mar
165
200
54c
22c
-preferred.iwi^iiL—__25
class
Feb
91c
18c
1,242
18%
'23c
Oil. ,common.i:.-„»
Lake
23%
36
79,745
"
47c
50c
—*
■.-■■■-
class
35
18%
18%-'
_l
Dominion
Jun
Dec
6
14% Dec
27c
97%
5
D'Aragon Mines
2%
Canada
19%
38c
.
1
.
Columbia
Class
t%c Jan
60
52c
52c
21%
•
100
Imperial
Aqg
Forest
Co
Cosmos
2.10 May
Jun
6 Vic
Oct
33
i
Columbia
&
Jan
25 %
_i
American
Red
35c
19c
Oil
Exploration
35
,..
Buffalo
Homestead
Dec
50c
16
Mining & Smelting-
Mar
7c.
14 Vic Feb
72c
72c
Gas
270
—z——*
_,
Burns
16c
900
Nov
Dec
Feb
21c
Mines
Cadillac
Consolidated
Consumers
Apr
10%
11%
95c
Consolidated
635
__cH
j'j
:
Buffalo
Feb
Jan
5.20 Apr
36%
18 %c
Pershing
Buffadison
39o
70r
Jun
3.90 May
38%
Ltd
Columbia
8%c Jun
Central
38
•
...
common
British -Columbia
8%
Beattie
Consol
36
Brazilian Traction Light & Pwr com—?
Red Lake____
zl
1
,
Consolidated
Feb
'
Brewis
B
Nov
35c
26%
40
Bralorne Mines Ltd
2nd
13
38
•
Millan
Aug
May
20r
2.20
Dec
47c
47c
9
36
canaafc_i^._____lG0
7
'.k-**.1 v
7*."4
Corp
conv
7c
Pete
11c
26%
-
Bidgood Klrkland Gold
&
Commonwealth
Bakeries
18c 19 %c
50
5%c
Commoil Ltd
Sep
Conwest
18c
20
High
Jan
9%
5,050
8
75c
36c
15% Jan
27c
May
Consolidated
5,100
2.38
14%
25c
Coniaurum Mines
1,280
1,000
11
25c
Feb
16,200
4c
13c
2.20
5Vic
Jan
13c
9,000
20c
8
Yellowknife
38c
12%
7%c
Low
14%
Lake
Colomac
Jan
23 %c
2,475
A
.
Gold
Dec
'.Woe
13,300
•
class
River
Mines
1.03
Dec
12%
10c
May
10
•
Ribbon
35c
" "13"
40
_•
Plow
10
Bertram & Sons class A
Bevcourt Goia
Buffalo
Cockshutt
Jan
May
13c
i
\
•
-
2.20
10%
1.90 Jan
30c
7c
22c
Mining
Telephone
Broulan
Cochenour Willans Gold—
Cochrane Dunlop commonClass A
Feb
Jan
8c
3.95
Brothers
Beaulieu Yellowknife
Rrltish
9%
190
5,013
22c
Bear Exploration & Radium-^—_1
Class
Feb
70c
290
4c
4c
High
1.25
18 %c
1
Oils
1C',850
9c
3.70
Scotia
Power
110,300
22c
Beatty
British
Coastal
Range for Year 1917
Low
1.20
1.25
-10
Toronto
Bathurst
15c
3.70
Montreal
of
of
Class
Sep
10 %c May
"
.
120
10c
•
10 %c
-i—i
Bank
British
14c
Dec
Shares
10%
Circle Bar Knitting common.
Gitralam
Malartic
Feb
Dec
for Week
Par
Feb
12c
Dec
50c
•v.,
85,750
13
U %c
1
Bank
British
5,600
37c,
8ales
Range
of Prices
Chromium
Dec
50
5,500
13c
_1
—
Mines
3%%
50c
v
13
—
1
Gold
British
1.30
6% May
15
STOCKS—
Sep
Nov
22c
910
II—1
Aumaque Gold Mines
Bagamac
22c
-
12%
1
Aubelle Mines Ltd
Brand
9.65
•60o r-Augr
6c
-\.Y
,
High
8.25 -Nov
4c
-10,600
3,500
''
9c 10 %c
Atlas Steel
Atlas Yellowknife
Boycon
;
Week's
Sale Price
'
m
Coin
Athona
Bobjo
'
'
■
1,500
•■•■'7V4 v 7%
•'r80 v4 81
.10
_____
Bonetal
.*
80
26c
11c
Quebec
Blue
A
..!•
*5,500
r-
7%c
„1
.
Astoria
Berens
7c-
16
Last
Range Since Jannary 1
Low
5c
1
Ashdown Hardware class A_
Ashley Gold Mining
ben
-
40c
_v„_
Armistice
Base
.
40c
—
39
MARKETS
JANUARY
Friday
>
930
<r
61c
'20%c
7%.
-,^—lQO
——„
Arjon Gold
Bank
20 %C
common
Warrants
Aunor
'5c
ENDING
*
•Shares
8.55
,
48c
<V
LISTED
WEEK
FOR
■
Preferred
■
48 <w
_1
Cons
Aquarius
8.50
l-l
for Week
Low, High
r
Anglo-Huronlan
Anglo Rouyn Mines-
(283)
Sales
Range
Sale Price
■'
CHRONICLE
i
CANADIAN
Friday
FINANCIAL
57c
Jan
16%
Jan
!
40
*
Brass
3'Ac
Halliwell
4
%c
*
7'A
150
19c
99,020
10%
235
7'A
1
100
14c \
Hamilton Bridge
Jan
10c
4%c
,
Feb
4.25 May
Rock
Harding
Gold
Mines
•
Carpets
Harker
III
Gold
Harricana
Gold
Hedley
—w
5%c
Apr
14 %c
6,925
1.75
Oct
3%
&
Home
Huron &
Jan
7.35
Dec
10%
Jan
7.25
7.15
7.50
545
14
14
14
25
*
15%
15%
50
36c
37c
7,500
34
Dec
15%
16'A
320
15
Oct
22%
Feb
77
Nov
.
80c
4,500
86c
17c 20'Ac
19% Aug
18
18%
class
11%
6.05
6.50
35,020
44%
Imperial
Oil
44%
46
2%c
3c
9,000
10
10%
111
112
16%
.A 17
700
common—
-A- ■*
Preferred
Lake
Gold
\ I
'
'
.1'-
5c
Int'l
_
A
_
_
Nickel
International
102
Petroleum
Co
•
Jack Waite
Jellicoe
Joliet
Quebec
Kayrand
.
Ltd
Keno
Kenville
Kirkland
14,680
31%
Dec
37%
12 %
15
Kirkland
Labatt
Lake
Fortune
Lake
Wasa
3c
Dec
5c
60c
35c
44c
14,000
33c
May
95c
La
Luz
8C
2,000
10
Lamaque
61c
3,000
40c
7,000
13%
1.50
41c
58c
Leitch
Lobiaw
12'A
10c
3'Ac
73c
77c
5c
Mines
:
1.23
1,23
12c
12c
45c
45c
May
Aug
1.24
12c
53c
,
39c
5,600
•
1.16
3,550
1.40
*
MacMillan Export class
Purity
Nov
Gold
1,460
*
9%
9%
9%
400
9 'A
7'/a
7%
7%
2,290
5%
1
2.92
2.91
3.05
8,225
Dec
Robertson
Jan
Robinson
Sep
Sep
Magnet
Lake
Red
Gold
Consolidated
Mines
1
Malartic'Gold Fields
—1
_
29c
29c
30c
1.70
1.70
1.85
2.80 May.
23c
10,200
1
Gold
13,300
Dec
1.50 May
2c
Dec
*
2'/sC
2%c
5,000
Maple Leaf Milling
*
Maralgo Mines ______1
13'/2
14'A
3,040
11'A May
5q
4%c
5c
2,250
4'Ac
Nov
1
24c
23c
27c
9,000
21c
Dec
Manitoba
Eastern
&
Marcus
Gold
Massey-Harris
Preferred 'J.
5c
6c
2,000
5'Ac Dec
18',2
18'/a
18%
2,482
14'A May
23'
28
28 'A
830
1
Martin-McNeely
common
•
,r
:
—20
Class A
(L)
McCabe
Grain
1G'»A
preferred
—:
18 'A
6%
Feb
Roxana
Feb
*
Preferred
—_
__
Sep
Royalite
Oil
4.00 Nov
class A
56c
Russell
2.60
July
27
Nov
St
Nov
1.15
18%
17%
65
——5
13c
Feb
32
San
Apr
21%
Feb
Jan
20
July
11%
Dec
13
Nov
55c
60c
2,755
11 %
Dec
13
Nov
Red
McKenzie
McLellan
I
635
,.
Nov \
Antonio
Sand
.
River
Sannorm
9% Mar
21 %c
26c
14,500
25c
16c
18c
10,500
ll%c
94c
Brewery
Dec
62c
Feb
May
20c
Feb
Sinks'
Breweries
17c
Feb
2.25
Dec
3.30
Feb
400
3.20
Dec
4.40 May
24c
11,166
12c
Dec
45c
50c
9,900
27c
May
60c
Dec
41
425
44%
Nov
,-v
46c
48c
40%
40%
14'A
550
15
A
13
1,025
1.90
2.05
14%
14%
6%c
6'Ac
Voting
Sigma
10
10
40
51%
51%
71c
75c
15
Nov
14%
Nov
2.50
Jun
.
Nov
12%
.
76c
86c
10,473
13'A
13%
6'Ac
8'Ac
Sep
20c
Jan
Dec
14 '/a May
55
51
46,600
Dec
64c
«
Dec
60c
3,033
7c
15%
Dec
;! 10
20
77c
Feb
6c
1,707
.
<
1.32 May
5,820
:
13%
May
12%
Jan
1.20
.
Jan
1.20 Aug
21%
Dec
Jan
80c
7'Ac Dec
Feb
Uc
11c
12c
3,000
7c
Jan
16c
Nov
18c
18c
20c
4,100
17c
Nov
47c
Feb
30
30
31%
Nov
38
Mar
10
10
10
45
45
8'A
15'A
45
8%
15'A
6c
8c
2,000
5
May
12c 14'Ac
27c
40c
5,000
5
May
20c
Aug
%
—
—
6'Ac
12c
.
30c
25'A
—
25
*18%
60
31
v-i-Ov
25
17% Aug
'".I;*;!
10"
47'A July
..
'
5c
17c
14
8'Ac
21c
101
16'A
14
—
15'A
6%
22% Mar
51%
Apr
15'A
-.106
Dec
.•<
"
15
52,600
860
25%
19
101
8c
18c
—
% , —
4.101
-■
,
--
92
40
14,300
1,035
Feb
19
12
,
Feb
16
Aug
1.03
Jan
25
Jan.,
Nov
21
Jun
8c
1
Apr
12%
5,700
;
Feb
10'/a May
22 V4
•
75
Dec
45c
17'Ac Dec
11%
Apr
Jun
38c
..15
A-.'
5
102%
Dec
215
9'A
Jan
J
Sep
;
;
July
,
•■**« '
**--3
*
21%
•'
•106 N ■Feb)19
14
14
52c
60c
21'A 21%
47
15c
—1
2.85
2.85
•
15
-
14%
7.50 -
T}
35
4,100
4.20
10c
15c
10%
1.10
.1
35
92%
40
4.05
10c
15c
50c
(Quebec)
1.67 May
y
■/.* 9% May '
4,200
<
•
"A"—„—.___*
trust ctfs
Mines
Jan
May
li
;
500
71c
-
Jun
*
12
51%
July
33%
75c
3,000:.
81c
81c
i-.
7c
13
15c
common
May
1,110
U
3.25 May
v
5.10
■
Nov
3,500
6c
Aug
20c
7,500
15c
Dec
30c
oct;f
14%'
bed;"
120
15,600
11
May
31c
May
Dec
25%
47
47%
Dec
50
15c
2,000
8'A
Dec
43
...
210
Aug
85c., Nov
21
55
Jan
J
Sep
'*
-Jan '•<'
Jan1
330
10%
Dec
13%
2,500
1.00
Oct
1.65
2.99
15,159
2.06
Jan
5.35
14%
14'A
15
147A
390
12%
Apr
16'A
No-v
May
15%
Nov
7.50
7.70
Dec
10'A
Feb
10% 10%
1.10 1.15
Feb
4%c Feb
Jan
28
Dec
25
31,000
Jun
Wpg
Jan
Nov
29c
14c
1
■
Shea's
5'Ac
59c
2.28
18'Ac
47
Mines
Nov
July
3.25
22c
-100
;
Sheep Creek Gold
Sherritt-Gordon Gold Mines—;
May
2c
<
3.45
12c
'53c
Shawinigan Water & Power—.
Preferred
Jan
2.19
12 c
1
*
Ltd
Rouyn
Feb
12c
7'/4c Aug
50
-
Senator
Nov
20c
23'Ac Jan
42c
60,100
25
Jan
2.20
Dec
3'Ac Dec
16,922
25
33'A
7'Ac Dec
400
45c
15c 17'Ac
16c
~;.'V--
Jun
2c
2%c
41c
42c
__————*
Nov
16c
f_'
Mines
Bridge
68%
47%c May
5c
2c
Feb
1.21 July
1.18 May
5'Ac
2,000
4c
—
_1
1
1
Ltd
17'Ac
22C
42.
Mines
Gold
104
——..—_—1
For footnotes see page
1,500
,Jun
65c
v
Gold
Jan
1,500
_1
5
II,777
8c
preferred--——99
preferred—1
$6
1st
Jan
10,700
—
7c
8c
*
Dec
3c
'
Feb
15c
;
27% July
5,400
5c
Mills—
Paper
54
65c
Red Lake Gold
1.45
6c
_100
6'Ac
3c
■
32%
1.31
•
preferred
98
55c
McWatters Gold
r".
20
1,000
58%
98
57%
1
Lake
Gold
McMarmac
98
10 %c 10 %c
-
31%
1
———1
Industries common
New 2nd $2
Jan
400
8
*
5'Ac May
14,000
8c
1.35
10 "
*
—
—
Lawrence
New
10'Ac July
25,545
•
Nov
1
-• .»/■'
—
Saguenay Power
5'Ac Feb
15
6%
-
Jan
1.05
Nov
13%
57%
2.26
May
-1
Mines—-
Rupununi
12
:——♦
Dec
45c
Nov
6%
—100
A—
Mclntyre Porcupine Mines
71c
12,050
1
Co
Oils
Shawkey
McDougall-Segur
53,450
65c
32%
73c
1
"
*
(1936)
Royal Bank
12
0
com—,—■
B__
new
1.09
60c
—1
I
•
Gold
Rochette
Jan
56c
class
McColl-Frontenac
96c
10
common
Lac
Long
Sarnia
McBrine
70c
1
St Lawrence Corp common
______
Dec
Mfg preferred
___*
common-——-,-.—*
*
4.85
7%
18'Ac Feb
Sep
Little
39c
10
Feb
23
9c
4.20 Mar
2.25
Jan
25'Ac July
Dec
10c
Oct
Feb
Jan
Aug
10%
5,000
40
Silk
3.60
28c
1.30 May
May
14%
B
15
Dec
1.70
7c
I,410
Jan
4,500
—
Mills
Gold
2,400
11c
44,100
1
Dome—
Gold
10c
5,500
15c
10%
13c
10%
„_1
*
.
Gold
Regcourt
Reno
Feb
2.95
21,017
19c
"
8c
62,660
21c
Dec
1
Mining
9c
12c
Dec
5c
13c
^——1
Flour
13%
1.45
14c
9%c
*
1
._
Preferred
5£
1.70
500
3,800
9c
^_1
Purdy Mica Mines—1
4,500
11c
15c
6%c
1
East
12,900
1.30
1.80 May
11c
1
Roybar Chibougamau
Madsen
Apr
2.35 July
1
Proprietary Mines
17c
A
1.77
A
Nov
Jun
Jan
____i
—
Metals
1.40
B
2.90
46c
40c
—7
Mines
Quemont
7c
Jan
Aug
8,500
10,700
♦
Queenston Gold Mines
39c
.
Apr '/
6 'A
30,300
1
Feb
May
•
:
67c
*
Dec
16c
Sep
60c
Rouyn Gold
13'A
1.15
2.10
5%
96c
Corp
13
.
200
1.29
Mines
River
15c
11c
6
He
1
*
1.26
1.30
10c
9%c
Reef
15c
1.27
48c
Dec
60c
1
1.30
2.80,
85c
4c
'
Peninsular
Class
Dec
Dec
Jan
5,000
14c
Porcupine
Riverside
2.80
48c
24c
4c
1.95
.10%
—
Engravers
Jan
2.80
1,100
5,200
4c
1.08
_.
Malartic
Jan
/
50c
15c
__
Malartic
31%
Dec
Jun
7'Ac
60c
Cadillac
33%
Dec
Feb
6c
1.95
Porcupine Mines Ltd
Jun
1.27
41,000
16c
5'Ac
Preston
Jan
2.40
Dec
Dec
May
6
Hershey Tubes
Power
1.32 Mar
Dec
46c
2,000
18,600
9c
A 7c
Feb
1.45
Feb
4,500
28c 30'/4c
4c
Mines
Pressed
Jan
21'A
Jan
44c
10c
8c
Jan
2.05
1.32 May
50c
(1940).
4'Ac
Jun
20,505
28c
76c
Dec
1.75
1.65
435
Jun
1
July
9c
Dec
23
1
33c
Nov
Jan
26%
Mines—
Jan
3c
2c
855
_1
Gold
12c
1,000
84c
11,218
_■
2,300
'
3,000
Powell
1
Jan
17c
.
2'Ac May
10,300
*
Lake
Red
MacLeod-Cocksnutt.
Jan
19c
23,322
29
1
83c
6c
138
a.
Dec
1.17
Roche
___■
20c
7c
28
*
54
4,700
A
1.05
1
_
Aug
21c,
4'Ac
120
■;
42
20'Ac
6%c
Porcupine
May
50c
Dec
4c
285
3'Ac
9c
10,800
16%
9'Ac
Jan
270
Mines
Porcupine
Nov
13c
16%
12,200
5'Ac
16%
5c
22
Dec
5c
2,100
■
Dec
19
Jan
5c
Piccadilly
Jan
7.75
Feb
5.70
Jan
4.50
Sep
2.10
1.05
Powell
1.25
Dec
1.25
7%c
IIIi
Goldfields
Gold
2.80
Jan
2,485
10c
Mines
Pickle Crow Gold Mines
16% Nov
Dec
Jan
13c
1.35
168
Pen-Rey Gold Mines
Jan
33c
Dec
50c
17c
Dec
1
28
MacDonald Mines
Class
68c
May
18c
Pioneer Gold
"
6c
3c
1
124
Yellowknife
Macfie
1,360
8,800:''
12%
7%c
Hosiery class A
Macassa
12c
5c
•>,
'
Lynx
4,500
Oct
5,000
9,000
50%
Jan
15
•
;
Lunward
11,500
Dec
7c
(Eastern)
Photo
Jan
4c
Sep
5c
-
Petroleum
Parbec
7.50 Aug
15c
9'Ac Jan
49
Lake
Richmac
A
B
60c
Mines
Partanen
26% Mar
July
3.40 May
1,050
•
Groceterias class
Dec
40c 42 %c
Oct
86c
20
.,
1,800
40c
24c
21c
'
Nov
Apr
6.60
•
London
2.30
32c
May
6.50
■
—1
Lingman Lake Gold Mines
Louvicourt
23
•-/,
1,050
9'AC
IIIl
Ltd
70c
31 %c 31 %c
Quebec Manitou
Little Long Lac Gold Mines Ltd
Class
Jan
Apr
1.33
4C
2.95
—*
47,000
Dec
21c
Paymaster Cons Mines
35c
2.80
16%
Mines.
Gold
May
12,400
20
Oil
Dec
1.27
Exploration
Paramaque
Feb
64c
1
Lebel Oro Mines
3c
15c
5c
Gold
Pandora
Jan
61c
6.50
—3
7,000
1.20
Lake
Pamour
:
Dec
Oct
512%
64c
1
—
Candy_
Feb
4%c
5c
Mines
Nov
46c
lie 11'Ac
11c
1
Mines—
51c
17%
5c
3c
3c
5c
65c
Pacific
Dec
10c
3,595
42c
60c
14c
835
24%
Sep
Aug
12% Mar
8,500
18,500
IIIl':
—
Dec
Pacific
Jan
25c
29,300
./'■
7.30
1
Secord
Leduc-West
,
5%c
Lapaska Mines
"U"
19c
55c
40C
•
2,700
1.70
May
2lC;
6,555';
18c 20 %C
*
Lapa Cadillac
Larder
14%
5c
—
29c
40c
Pacalta Oils
Page
Mar
31
Oct
24
57c
2.80
Gold
11,200
Jan
24c
6%c Aug
43,892»
7.00
Lang & Sons
Laura
1,000'?-;
30c
24%
Mines
31c
Gold
Red
Osisko
Jan
1,500
26'/a
A?%
Jan
28c
Gold
Osulake
Jun
v.
•'
Orlac
Sep
July
1.51
1
Jan
1.45
,
12c Nov
Nov
5c
Feb
33c
19 %c
—1
Mines———
12%c
Oct
•
49
Orange Crush
Sep
55c
12,150
5c
Mining—.A——i__
;
5c
7.10
:
;
55c
24c
II-1
Shore
Lake
Gold.-
July
74c
Malartic
Orenada
Jan
5c
A
July
2%c
26%
*
4c
12,725
_:
Mines
Omnitrans
Feb
5c
___1
_
Rowan
Lake
6,800
14c
Dec
2'Ac
1
.
'1,900
4c
Canada
O'Leary
Jan
19c
Dec
8c
1,000
16%
90c
Sep
July
45c
•
Mines
500
9c.
1
Mining & Exploration
Dufault
35c
14
1
(John)
Laguerre Gold Mines
Lake
>65,800
2%c
•
Townsite
..
23,850
5c
30c
Oils
Omega
7,440
57c
15c
Lake
Kirkland
Labrador
15%
47c
Jun
2.55 Mar
1.82 May
2.45
2__
Gold
Okalta
Jan
61c
1
Gate
Dec
Star Oil preferred
O'Brien
34%
40c
Golden
Feb
28
Jan
15c
—1
26%
Jan
1.12
Ogama-Rockland
Aug
Gold
Kerr-Addison
Dec
26
)
r Apr
26
Dec
36'c
25'AC
*
;
21%
320
99c
Merger
Inca
North
Mar
26%:
Hill
85c
Aug
6'Ac
i
340
27
5c
Feb
42c
5c
Gold
22%
2.20
Mining
Northland
Jan
33%
2%c
Kelvinator
Kelwren
11
104%
33%
38c
22
Jan
Mar
99c
Corp
Northern
Apr
Nov
J--T
——
10%
,
Mar
2'Ac
45c
30
2.33
Malartlc Mines
Norseman
North
Oct
12%
19%
Nov
Mines
Normetal
Feb'
2b
14 %c
l
Mining
24c
101
9c
_
Mines
32% May
Dec
95
2'Ac
1
1
Mines
Aug
46c
Nov
27'A
Nov
255
14 %c
_„1
Mines
J M Consolidated
Joburke
31
2,700;
V
15
120
21c
Norpick Gold
1,800
2'Ac
A-l1:
1:
18
30
47c
1
______
Mines
Jason
38c
1
Mining—
Mines,.;
Nov
:>r; 15
15:-.
1
.
8% Mar
8
325
Norgold Mines
25% Nov
400
50c
Nordon
Jun
Apr
16
28 %
Mines
Norbenite
14
15%
Noranda Mines
Dec
Dec
Dec
Jan
Dec
9
3L'C
33%
common-
International Uranium--
6%
8
29%
29%
_
International
15%
108
12%
'
»
_100
class
15% July ..V.
Oct
*
101% 102%
-III
Coke
&
Metal
Jan
13%
-5c
11
27
Gold
Rouyn
Nipissing
Oct
Apr
8%
46c
*■
30
14
50
580
Gold
Nicholson
115
29,800
12%
46c
—l
Powders common— lil*
Preferred
Jacola
9
-
_
Sep
25
:
Jan
11'A
10
—
Yellowknife
Nib
Jan
9
Ingersoll Machine class A____
_
5'AC
13%
July
8'A
,
Inglis, (John) & Co
Inspiration Mining
vrZ:
31
"
IIIl
;
Jan
12%
215
Jan
37c
10%
22%
..
_
Norzone
New
Dec
13c
120 * 1
7%
25%
15
—25
Varnish
46
;
25c
May
Feb
25
!
_
_
Mines
Marlon
New
27% Aug
Dec
15c
9,200
.
16
*
Car
Mines
Calumet
Newnorth
Oct
12c
22c
18 %c
Bldlamaque
New
Nov
47c
Dec
107%
230
7
New
New
Sep
65c
Steel
Trust
Negus
Dec
5.30
15c
Jan
10
28,355 ;
25'A
_
preferred
Int'l Coal
'
Jan
Dec
2%c
14
14
National
Feb
May
65
25%
100
5,100
28
National
Nov f
40
230
-
27
267/a
\-,?r 16
16'%
23%
13%
28'Ac Dec
45
13%
*
____,
Oct
24 %C Aug
924
2%c
i
July
Feb
25%
Preferred
Jan
18c
6c
8,000
26%
18c
Jan
2.75
-
8,400
112
Dec
10,500
40c
Imperial Tobacco of Canada ordinary_5
Int'l Bronze
8c
6c
32c
-100
Aug
Jan
72
11
_5
Drug preferred
National Grocers common
,9.50 May
2,210
*
A
Mar
89c
17
65
11
28c
*
97c
National
18
13c 14'Ac
18'Ac
1
21% May
15'A May
'
467
71%
25%
13 %c
_
Jan
1.40
Feb
5,242
_
70%
25%
——.
Mylamaque Mines
46c
11,500
15%
71%
preferred
Feb
35c
*
Montreal Locomotive
4%
6'Ac
500
7c
——
Mosher Long Lac
8c
52c
11c 12'Ac
Porcupine
Moneta
Feb
20 %( Dec
53,150
-i.-,
common
Feb
15c
Dec
37'Ac
Bank
Indian
95c
37'Ac
—1
1.45
Knitting
Feb
Oct
28'Ac
Imperial
4%
9c
6.25
—1
Erie common
Imperial
1,000
11
_
Preferred
lie
—
Hudson Bay Mining & Smelting
Hugh Malartic
».___
Ltd
8,500
18%
5
•
Gold Mines
Hunts
5%c
7c
*
Mines
21 %C
Dec
__
Gold
Apr
Aug
5c
*
Yellowknife
Hosco
75c
*
Consolidated
Howey Gold
5,569
_
Oil
Homer
83c
_
Dauch
Hoilinger
Apr
18c
May
52c
Highland-Bell
Highridge Mining
Highwood Sarcee
Hinde
7c
17c
Heva Gold Mines
.
6,534
5c
80c"
12
Jun
III 1
Corp
Monarch
Jan
9'Ac May
11c
1
.,
7'Ac
80c
1
1
..
_
Mascot
7c
5c
1
.
2,000
,
80c'
65c
•
'
9% May
10c 10'Ac
■
7'Ac
1
Headway Red Lake
10%
■
'
—1
Mines
Gold
Hasaga Gold
Heath
.'
Dec
30c
Apr
14,300
3
8c
2%
u
Hard
19
Nov
16
285
9%c
8c
High
Low
17%
16%
2%
Modern Containers com—.
Feb
9'A
6'A May
Mining
Range for Year 1947
High
Low
16%
Brick
Milton
Mar
5.50
May
2c
6,000
4.25
14c
4.25
2'Ac
7
.__1
%c
4.25
•
Gold
Dec
Shares
*
Mercury Mills
Mid-Continent Oil
Feb
9%
Jun
3c
5,000
2
■
8'A
60
for Week
of Prices
Par
High
Low
fc'%
•
Range
Sale Price
STOCKS—
Range for Year 1947
High
8%
common.
Hallnor Mines
Shares
LOW
Par
Hahn
for Week
of Prices
Sale Price
STOCKS—
Sales
Last
Range
Last
Week's
Friday
Sales
Week'e
Friday
ENDING JANUARY 16
FOR WEEK
RANGE
MARKETS
LISTED
CANADIAN
Monday, January 19, 1948
CHRONICLE
& FINANCIAL
COMMERCIAL
THE
(284)
F 80
610
12
7.20
Jan3'
Feb,,
Volume
167
Number 4665
"
THE COMMERCIAL
&
FINANCIAL
CHRONICLE
(285)
/
CANADIAN
RANGE
Week's
Friday
Range
Silanco M & S
Miller
Silverwood
Class
Co Ltd
B
60c
class
West
Dairies
pfd
43c
46c
810
11 Va
476
(N)
99%
99
_
18 Va
Mines (1944)
Chemical common
Standard
Paving
1.42
_
3,588
60c
67c
28
50 Va
V
17
50c
7
5 Va
20
50
5 Va
5Va
75c
12,700
74
75
285
78
79
85
_
10C
10c
2,000
2.15
2.15
2.35
6,875
1.91
2,319
_
'
1
1
—
1.76
.1.76
_
57 VaC
60c
2,000
27
27
125
25%
51
51
50
50
5
275
5
10
200
10
-
.
13c
Ymir
Yankee
Knitting
New
24%
24%
45
33Vr 33Va
15
35 Va
36
50
27
28'
1,315
100 101%
Pearson
I
Teck-Hughes
Texas
Gold
Canadian
Mines
Oil-
Tip
___
2.65
class B
2.85
Jan
31c
1.00
Tailors
—
Dec
28 Va
54
29c
Jan
8c
9c
7,500
7c
Dec
21c
Apr
22%
25%
26,112
Jan
24
Dec
98
75
96
Oct
101
July
5Vac
6c
3,000
20
Aug
2.68
2.68
2.80
1,700
28c
19c
35c
34,033
17c
7c
8c
Aug
6%
Sep
Jan
12 Va
Asbestos
*
Apr
British
4.50 Nov
Brown
Columbia
Oct
Canada
&
14VaC
14c
20c
49,100
13c
Dec
65c
Feb
Canada
Week's
17 Va
Dec
65c
1.40
Dec
'.
21
Jan
Co
Gold
Toronto
a
Sugar
Elevators
Class
4,000
12
12
20
13 Va
Nov
11
a
Mortgage
10 VB
_
..
9
20
8 Va
Nov
12
Canadian Fairbanks Morse
lO'/s
10%
Dec
Vickers
30c
Canadian
Jan
Traders
Finance
Transcontinental
_1
_
class
A
a
Resources
United
Mining
Corp B
United
Fuel
Class
B
10 Vac
•;
45
•
_
250
9Va
Oct
12Va
Feb
Canadian
10
105'/a
Dec
116 %
Feb
Consolidated
class
A
preferred—.
preferred
4,000
45
100
45
lO'Ac May
26 Va
83
275
43
May
98 Va
Dec
4Vt
5%
16,695
3
May
7'/a
Nov
90 Va 106 Va
1,230
67 Va May
112 Va
Nov
>
94
,:v 34V2
34 Va-
170
170
27
18
*
315
18 V4
Dec
12 Va;
100
15'A
Jan
34'/a
23
10
24
!
30
21
July
30c
Jan
320
27
28
75
3%
600
-*
43
43
43
*
17%
17'/a
18%
Steel
48c
47c
58c
Aircraft
18
18
50
2%
2%
1
Ltd
•
Amulet
a
__
(Hiram)
(G
&
_
_
.
•
W)
Aug
luo
common...
Steel
—0
—
50
21Va
Jan
72c
13 Va
Jan
26
Mar
Oct
4
May
37
___——_
*
30%
30
32
480
30 Va
*
Sep
12 V*
11%
12%
340
11 Va
Dec
Bridge
Dominion
Textile
2,100
8c
21c
Jan
Donnacona Paper
*
22
22
23%
1,150
*
3.25
3.15
3.45
2
5,055
Nov
Jun
Feb
Feb
Mar
14 Va May
new
1.10
10Va
Deo
32c
2%
8V2: May
Apr
4
*
3,100
Jan
36Va
Aug
37 %
Jan
3
Mar
2 Va
10
4,602
53c
lOVaC
12c
18 Va
18%
320
47
48
95
r.
15 Va
—
16
May
21
Feb
Apr
50
Nov
Foothills
11c
;
17
Nov
Humberstone
6%
6%
6,041
5% May
6% i
Jan
6
Dec
6%
545
2.15
2.11
2.35
9,217
6.80
6.90
2,275
7.00
:'V; 21*•'
2.00 May
6.80
12c
12c
12c
4.90
5.20
1
500
4.90
8,663
com
Oil
/
Jun
V: 10
Shoe
Oil
Nov
1.90
Jan
22
22
5
21
55%
55
57 Va
4,225
41
•
23
22 Va
23'/a
1,970
15% May
*
5c
5c
5c
500
3.40
May
Paper
12
Feb
Pend
4.95
Feb
Southmount
Oct
Temiskaming
Oreille
1
4c
2.65
2.70
39c
39c
1,035
23c
1
7%c
8c
1,500
6 Vac
Mining
1,900
Dec
Feb
J 63% Nov
24%
Oct
8c
Apr
Dec
—*
Investment
Dec
Nov
24 Va
Dec
•
common
Selections
28 Va
4.20 May
21% May
*
—
Paper
Ontario
&
Feb
2.85
Dec
Minnesota
1.75
Feb
12%
27,
14% May
17 Va May
42%
330
lie
I
Dec
'
Upper Canada Mines
39
25% Feb
;
Jun
26
1U.O00
10
48
a
1.75
3,412
*
Paper
Disher
Dec
•
3
Oil
DeHavilland
Feb
49
,
common————'*
Westinghouse
International
United
23% May
12'A Sep
Oct
no
.
190
3Va
;
Dec
18%
12 Va
60c
a
Walker
Feb
80
56c
18%
25
Oils
Ventures.
31
80
9%
50
.
United
Waite
12c
lOVaC
a
.
High
24'A
4%
^
—1
—__—.——
Low
345
10
__
__
Range for Year 1947
High
56c
•
___
—
26 %
Dominion
Union Gas Co
Union
lOVaC
Shares
*
Western Lumber
Dalhousie
Towagmac Exploration
Mar
for Week
18'A
com—
Marconi
Canadian
Jan
105 Va 105 Va^
■
19c
Oct
9
a
common
A
Toronto
12c
a
Toronto Iron Works
Dec V..
Sales
Range
*
;—*
Canadian Industries common
Feb
10c
12C
Nov
Jun
26
:•
100 ; u
Dominion
Canadian
Tombill
Dec
3.50
30c
—
of Prices
Low
1
common
Preferred
Mar
1.40
■"
■
26
Pulp & Paper com—*
Vinegars
25
Dec
Dec
'
'
62c
3,900
340
6
Exchange-Curb Section
*
May
80c
4'A
2.69
Aug
120
4
13%
500
7%
4
Sale Price
Corp
35c
18%
8c
7%
__
Last
120
78c
Jan
20c
Friday
10,500
18%
108
Dec
97
STOCKS—
45c
78c
Dec
101
Dec
Sep
Dec
42c
1
Mar
Canadian Funds
1.35
a
Gold
31
5VaC
Feb
Dec
42c
1
Sep
24%
Jan
1.35
•
105
Oct
26%
9c
__
Toronto Stock
Apr
2.75
3.20 May
1.35 Dec
.
Feb
35
7c
*
.
38'A
Feb
3.40
3,065
Nov
39% Mar
Ltd—
;
3.30
______
Mines
Top
Toburn
'b'
;
3.30
Thompson-Lundmark Gold Mines.
Thurbois
•
10
23
Jun
7,000
a
common
Preferred
Nov
-■
10,500
Par
Taylor
23
Mar
23 Va May
38% Feb
10c
____*
Mills,
Nov
10c
*
class A
50c
23c
7 VaC Dec
30 Va
8c
__
Girl
'
2,000
9c
1
*
—
10c
221/aC Mar
Dec
60c
Dec
100
York
Jan
Dec
1.87
17c
9c
___•
_
Jan
89%
Dec
10
27
—
common
Gold
Jan
New
1.70 May
6,700
77,800
__
1
Preferred
Winora
Jan
Jun
5
____________
8
1.06
Aug
4,600
50
_
Gold
Winnipeg Electric
Nov
83
Dec
16c
Nov
100
100
1
Yellowrex Mines
Dec
1.75
15
27
1
Wright-Hargreaves
1.95
*
Wingait
Mines
Feb
Oct
10c
Dec
29'A
__
♦
.
Larder
53
Mav
78
Dec
14
10c
33Va
____*
100
Wlltsey-Coghlan
Winchester
Oct
85c
com
Feb
15c
_
Jan
Nov
1.48
(Geo)
Feb
1.83
*
common
4'/a
55c
12
65
29 "A
__
100
—
Apr
74%
Jun
ii
10c 19VaC
__
1——_
8
1.83
__
—
High
7
li
10c
;>
*
_
LOW
26Va
6,410
__
common..;
Range for Year 1947
High
25%
12c
*
_
Grocers
9%
15 %c
.
Mines
Products
Oct
19
50
71c
74
*
_
Gold
Preferred
Malartic
Preferred
51% July
20
May
660
'
1
Class A
Nov
33 Va
,
May
375
26%
,_*
Preferred
'
7%
6%
5>/a
a
Mines
Shares
Low
'
Apr
68c
Sep
6
71c
—1
common
Mines
Ltd
68c
Sep
25
com
Consol
Western
106 Va Mar
Dec
50
20
—50c
River
Jan
May
30
79
Cons
Tamblyn
91c
6
Sylvanite Gold Mines
Taku
6,250
_
class A
_
West
Jan
29
Aug
7%
♦
Inlet
Surf
1.46
_
Gold
Canada
Mining
Rock Iron
Sullivan
29
a
of
Wekusko
Jun
32%
Dec
36c
Ltd
Class A
Oct
100
Dec
40'Ac
18 Va
a
_
Olsen
100
48 Va
1.42
Preferred
8teep
285
2,600
5,700
*
_
common
Preferred
Steeloy
19% : May
29
•
Standard
Co
Jun
666
Nov
12
Nov
24 Va
48 Va
*
Springer Sturgeon
Steel
99
Waterous
I3a/a July
Jan
37c
_.
—
Standard Radio
6 Va
15
47c
35c
48'/a
_
__
Sales
for Week
of Prices
Par
>
Nov
59 Va
Sep
11'A :May
185 '■;
Va 100%
40c
35C
—1
_
__
24'Ac
1.05
Weston
__
common
__
Co
Starratt
22%
40c
Preferred
Stadacona
27
21%
21%
-100
Malartic Mines
Slater Co
99%
26 Va
High
Dec
Westeel
•
Southam
Va
99%
Gold
Bladen
50c
35,100
11%
26%
.
Preferred
25,200
11
•
_
68c
11 Va
—10
Class B
Range
Sale Price
STOCKS—
LOW
44c
*
Simpson's Ltd class A
Slscoe
57c
Week's
Last
Range for
High
11%
•
A__
_____
Silverwood
Low
i
Dairies
16
Friday
Shares
____.
Mines
MARKETS
JANUARY
for Week
of Prices
Par
Silver
ENDING
Sales
Last
Sale Price
STOCKS—
LISTED
FOR WEEK
41
Sep
3.40
Jan
Jan
42c
Oct
12c
May
Jan
For footnotes see page 40.
Statement of Condition of the 12 Federal
Foreign Exchange Rates
jb
Pursuant to the requirements
of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank certifies daily
| to the Secretary of the Treasury the buying rate for cable transfers in the different
'
give below
record for the week
a
FOREIGN
EXCHANGE
RATES
countries of the world.
Reserve Banks Combined
We
CERTIFIED
BY
JANUARY
FEDERAL
9,
1948
RESERVE
TO JANUARY
BANK
15,
TO
TREASURY.
Increase ( + ) or i.V
decrease ( —) since;
UNDER
TARIFF
ACT
Jan.
1930
OF
and
Monetary
Assets
Noon Buying Rate for Cable Transfers in New York
Value in United States Money
Unit
Jan. 9
Argentina,
peso—
Official
Jan. 10
':$b;
—
.297733*
$
.Jan. 12
b
bb
.251247*
Australia, pound
Belgian, franc
Brazil, cruzeiro
b
$
Closed
$
,v;
$
jb
b
.251247*
$
Discounts
Industrial
U.
.251247*
3.212133
3.212133
.
oun.v
'
.022782
.022784
.022782
.054406
India (British)
Mexico,
,
rupee_
peso
i
—
[Netherlands, guilder—
b 1,423
6,236,955
.
.A.
V/■•( V v":
1.000000
1.000000.
■■
v;
.902968
.569800*
.020060
.208604
,v.b
1.000000
.208604
"+• VVv+v,,
4.031250
Closed
b";
,208684
4.031250
/
\ [Norway, krone
f
[Portugal,
.301779
escudo—j
.205753
R.
and
foreign
notes of
Union of South Africa, pound————ii-—
.903750
l
.020060
.020060
,
.208604
.208604
-
Total
—1,143,557
+ 1,142,659
+
29,000
+
313,069
+
2,626,631
+
213.887
—1,508,049
b<'
A,
95
.
banks—
+
15~713
+
6.172
+
447,979
+
410,468
+
+
4,620
+
601
71,859
-
'
—
assets
.008397
.301792
.301792
.205753
—215,448
17,863,390
+ 360.635
Deposits:
.205743
+ 769,305
24,435,805
Federal Reserve notes
■
:l
.
V*.
.376599
1.000000
1.000000
Member, bank—reserve acct.
S. Treasurer—gen. acct.
U.
"
818,916
"Foreign
456,372
502,338
Other
.900625
.901250
3.225000
Closed
.900625
3.225000
3.225000
3.225000
.201595;/;/
.040157
.040144
.201595
--
,
.278264
.233628
•
4.007500
Closed
.040113
.091324
.278242
.233628
4.007500
.201595
.040119
.091324
.091324
/
-
4.007500
.201595
.233628
-r
4.007500
.278264
.
.
.
...
+2.123,786
Other
capital
+
256,717
—
28,766
—
21,617
—
174,645
1,432/068
+
+
409,753
—
254,471
+
245,799
19.641,016
+
566,969
+
1,833,149
2,724,711
+
413,465
+
438,977
16,495
+
909
+
5,759
46,818,027
+765,895
+
2,103,249
196,262
liabilities
Capital Accounts—
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
.091324
.278264
.233628
Total
.040122
•.
deposits
iL
availability, items
liab., incl. accrued divs.
Deferred
1.000000
.1
Liabilities-
.376736
.898333
3.225000
33,001
117,367
47.520,676
4.031250
.376677;
57
181,739
1
-.008401
;
—
3,230,715
4.031250
<
442
1
+
8,277
448,189
+
8,366
27,543
+
88
+
3,815
accounts
30,655
+
2,968
.233628
Total liabilities & cap. accts.
^
4.007500
47,520,676
+769.305,,.
+2,123,786
of
gold certificate re¬
serves, to deposit and F. R.
V—_____
Noncontrolle«ka__iau_l____.
;note
.658300*
.658300*
.562040*
i
TV.
'.i.
-.658300*
.562040*
.-".562040*
.658300*
•
.562040*
♦Nomlnalrate:
*
V*V
r#* %
liabilities
Contingent
.658300*
'.562040*
.*
■ respondents
Commitments to
trial loans
'.bf bb £
combined
liability on
foreign
purchased; for
48.9%-
—
-0.3%
+
5.5%
bills
c6r"
_
+
—4.056,334
13,750
22,062,070
Bank premises
Other assets
peso—
Controlled.
;
8^9
—115,779
—
securities.
banks—
Uncollected items
.569800*
Ratio
Uruguay,
8,984
78,249
+
—1,430,619
other
.903125
.
-
-.008402
-
1.000000
.278264
Switzerland, franc—,
v
+
—
5
+212,540
Total
1.000000
.091324
Sweden, krona.,
1,352
3,133,7^9
21,895,982
.301779
.301779,
.205778
.201595
,Spain, peseta
47,266
+
securities.
.205786
.008403 V
.376687
loans
from
.569800*
•
•
:
4.031250
.008402
.376710
Due
1.000000
F.
.900625
.569800*
.020060
*
.896250
j jNew Zealand, pound—.
+
+
—'
* V
111,245
—
39,840
.
3,244,994
L.
Total
[/. /bbv
;Newfoundland, dollar—
Official—
+
160
+
1,497,950
Other
i
15,
1947
$
40,000
—
3,380,021
Total U. S.-Govt,
,
France (Metropolitan) -franc—
164,665
.
:
:
Bonds
.020060
England, pound sterling
advances
loans
Notes
.054406
.898593
«!_.
and
10,781,056
.054406
.569800*
Czechoslovakia, koruna
21,545,076
350,613
Govt, securities:
.022788
■
Denmark, krone—
S.
.054406
1.000000
Colombia, peso
reserves
Certificates
.054406
—
ctf.
Bills
3.212133
000,9 '
Official
gold
+
R.
Other cash
.297733*
.297733*
.251247*
3.212133
"li
Canada,dollar—
F.
Jan.
■,
V" :
$
649,906
Total
Jan.15
Jan.14
..022787
__
for
7,
1948
$
20,850,170
fund
notes
.297733*
.251247*
3.212133
——
Jan.
...
:y.r" '
V\ ;■/ V +
certificates
Redemption
Jan. 13
.297733*
.
14,
1948
1948, INCLUSIVE
Gold
Country
;
(In thousands of dollars)
just passed:
-L
~
make
—
'
indus¬
2,498
+
7,148
—
-
223
—
\
■-
' "' 52
—
y 5,29^
1,008
42
THE
(286)
Monday, January. 19, 1948
CHRONICLE
& FINANCIAL
COMMERCIAL
OVER-THE-COUNTER MARKETS
Quotations for Friday, January 16
i
Reorganization Rails
Investing Companies
(When,
Aak
Bid
Par
Funds—
Mutual
1
1%
5.17
3.85
27%
3.72
29%
4.08
2
1
—5
8%
7.24
14.82
9Va.
7.83
16.11
1
*
4%
3%
93.21
5
18.66
5%
4%
97.09
20.17
8.19
17.21
18.61
Amerex
Associated Standard
Fund Inc
Axe-Houghton Fund B
Axe-Houghton
Beneficial Corp
1
Co
&
Blair
of America
Inv Tr
Bond
Boston
Fund Inc
Bowling Green Fund Inc
10o
Broad Street Invest Co Inc—5
8.18
15.92
16.99
1
Bullock Fund Ltd
3.85
3.86
4.27
4.29
4.73
4.04
1
1
Fund
Balanced
Stock Fund
-
23.48
14.79
22.90
1.85
•
Fidelity Fund Inc
Fund Inc lc
First Boston Corp
10
First Mutual Trust Fund
5
Fundamental Investors Inc
2
Financial Industrial
Corp
Capital
General
Trust.
General Investors
Group
A—2
•
1
Trust shares
Fundamental
28
5.10;
13.24
5.61
41.21
5.11
,
25.11
15.81
24.76
2.02
30
5.67
14.51
6.48
44.31
5.48
—
7.08
7.26
1—
6.03
5.49
6.55
5.96
8.12
shares..
Aviation
13.36
14.15
9.17
9.91
7.32
7.94
shares
Food
shares—
Administered
Fully
shares
Industrial Machinery shares—
Institutional bond shares
Investing
—
—
shares
Price
Low
,
.
——
shares
Merchandise
shares
Mining
shares
Petroleum
—
shares
Bond
Railroad
4.31
Equipment shares
Railroad stock shares.
RR
shares—
Steel
shades—
Howe Plan Fund Inc—
Utility
-
Foundation Fund
Income
10c
5
Investors
Incorporated
shares
Group
Bank
-
Group shares
Insurance
shares
Investment Co of America
10
Invest Management Fund Inc.1
Stock and Bond Group
..
.
_
5.19
(Low
(Speculative Bonds)—1
(Income pfd Stocks)
1
(Appreciation pfd Stks)_l
K-l
K-2
Stks)_l
(Income
com Stocks)—1
(Appreciation com Stks)-1
(Low Priced com Stk)__1
(Quality
S-l
S-2
S-3
S-4
commen
—1
Fund
Knickerbocker
American Casualty—
6.86
American
4.14
3.65
15.56
Eauitable
ifr'1'1
y.1^
—5
9.57
15%
19%
57 ■>'.
30
12.87
City
11.53
Connecticut
10.76
11.79
7.56
8.29
9.74
Northeastern
Casualty
Continental
8.56
16.15
12.04
5.54
6.07
Fidelity AkDeposit of Md
Fire Assn of Phila
Fireman's Fd of San Fran
5.45
5.97
Firemen's
:
Reinsurance Corp
'
Fire—
7.64
Franklin
8.05
8.82
11.33
^—
Security
RepubHe^-—
5
Globe & Rutgers Fite com—15
Globe <fc
5
1
1
1
14.52
15.61
2.92
27.26
48.69
Hartford
11.39
Hartford
6.25
2%
1
48.69
10.52
•
67c
Bank of New York
Bankers Trust
20.95
Trust 20
Chase National Bank
—15
Chemical Bank & Trust
10
Commercial National Banx &
Trust Co
20
Continental Bank & Trust
10
Corn Exchange Bank & Trust_20
U
1
16.62
18.14
15.05
50
Empire Trust——
Federation Bank & Trust
10
10
.100
7.36
8.07
1
1
Lt 2%8_. _1977
-1982
111 3s
2.63
„
103
104
__
Fiduciary Trust——
First
Bank
National
96
37%
49%
244
40
42
86
22%
"r
Bid
1%-
Ask
/—
4%%
Transmsn
Gas
preferred—
14
95
96
Co.—
100
.
103%
102%
Tennessee
25
13
•
Co
Carbon
8%
90
93
Tucker
46%
48
West
48
49%
Corp
Disinfecting
9 Va
4
Transmission—'•
"A"
1
Eastern
Texas
4
ft
lis
14
common__50c
•
74
12
10%
—100
preferred
$1.90
.$2 preferred
$5
preferred
96%
95
78
25
& Trust
Trust
25
preferred
4%%
•
9
41%
Bank & Trust -17%
States
80
;
89
39%
■
77
Robertshaw-Fltn Controls com_l
Speer
•
*
•
100
preferred
55%
54
97%
Connecticut Light & Power—
238
::
88
84
100
50
8%
95%:
1
Cladmetals
51%
—25
National—
Guarantee
97%
96%
preferred
3.70%
3.50
94
Par1
Stocks—
92
89
Electric-
Pitney Bowes 4%% pfd
Fublic Service (Indiana)—
95
96%-
Appalachian Electric Power—
4%%
preferred
100
Birmingham Elec $4.20 pfd—100
-12%
Trust
98%
93
Light 3%s—1977
14.80
51
—100
(J P) & Co Inc
Jity Bank
102 %
i,fc-v
101
England Gas & Elec—
preferred
100
Pennsylvania
97%
Toledo
American
10%
103%
103
Philadelphia El Pwr 25/8s—1975
Edison Co 27/8s
1977
276%
16 ¥2
99
200
267 %
15y2
14.40
48
*
—20
Manufacturers Trust Co
United
185
100
10
100
25
Lawyers Trust
Nat'l
Ask
165
91%
10%
pfdllOO'
1
Kentucky Utilities 4%% pfd_100
96%
97
-1977
Utilities 3s
Public Service 2%s— -1976
Pacific Pwr &
Bid
90%
Plywood
Harbor
4% %
3%s. -1977
Power & Lt
Ask
Bid
Par
Plorida Pow & Lt. 4%%
New
95
Rub 2%s. -1972C
Florida Power & Lt 3s— -1977
100
National
Guaranty
Title
35
<
101
Firestone Tire Se
150
94%:
93%
100%
Dayton Power & Light 3s.
Delaware Pow & Lt 3V8S_. -1977
Ohio
100
Trust
103%
102%
-1967
.-1978
2.66
3.26
Elec
Cudahy Packing 2%s
7.45
2.34
96%
95'
'/v'„
Stocks—
Ask/
Bid
Cleveland
6.49
Par
Public
70
33%
Security Issues »
Recent
Sty.?,
Arkansas P0W> &-
Unlt T^Pe Trusts—
Sterling
53
1
66
16.18
l
Diversified Trustee Shares—
Series K
2.50
Independence Trust Shares
•
North Amer Trust Shares—
Series 1955
1
Series 1956
1
York
Fire
Westchester
"Bonds-
New
4
10
2.50
50
Guarantee
49
47
Fire
S
t
_
Morgan
Fidelity & Guaranty Co__2
S
6.52
"inc—n'—Zl
World. Investment Trust—
National
S
U
8.03
Trust
Irving Trust
Kings County Trust
40%
42%
16%
17"%
x51%
53 %
71
74
14
17
37
39
1,255
1,315
32 «/4
545
530
-
9.43
26 %
370
41
43%
100
19.17
9.25
Ask
105
44'%
=3,
21.44
35'A
41%
Central Hanover Bank &
25%
30 y4
21.61
17.53
19.62
93
100
Brooklyn Trust
51
42%
10
Accident
48%
23%
83c
.
Grace
-
J,
69
46.75
75c
7.34
24J/2
355
39
100
Co—10
100
10
the Manhattan
of
Bank
/
66
74c
43.75
^,on Common^toc^a B-l
Fulton
5%
,29%
19%
6.85
City Banks & Trust Cos.
Bid
4%
27%
10
«
Kentucky
Par
5y8
-34
U
5
10
Fire
10
Steamboiler lnspect_10
Great* American-.
Hanover—
86
>4
10
10
Travelers
15
preferred
2nd
3.21
25.35
52
83
12%
Sprgfld Fire & Marine:
Standard
102
49
2
Haven
New
,
10
10
( N Y)
Seaboard Surety
Glens FaHa^ Fire20
32
Marine
SI Paul Fire &
Marine
Gibraltar Fire
10
Fire
(Paul)
Revere
General Reinsurance Corp
10.34
6.97
4
Co
(Texas)
Republic
Newark;
7%
71
Accident
Federal
7.81
13
24%
8%
97
Providence-Washington
10.99
45
11%
22%
25
10
10
>
Preferred
14.74
19
5
Indemnity
Pacific
10
.
30 y4.
42
.12.50
Pacific. Fire
Employees Group.
Employers Reinsurance-
of
;
Northern
Thoenix
10.06
28 y4'
5
Hampshire Fire
10*
10
Life
Crum & Forster Inc
11.39
9.18
General
7 Va
33%
10
10
5
2.50
Brunswick—
New
New York Fire
10.67
10.39
River
.6%
•
5
2
Casualty
Amsterdam
New
6%
10
York
of New
11.74
10.52
-
46
43%
•31%
2
65%
5
Fire.
Camden
27%
National Union Fire
North
*11.23
6%
25%
69%
11.23
10.58
5%
National Liberty—
.
28'%
4,
National Fire-
54%
/
30%,
26%
5
—
,
22%.,
29.
10
17%
-
,
15%
47,
(Detroit)—10
National. Casualty
27
2%
25
10
Shippers
Boston
Georgia
New York
30%.
10
&
Bankers
Assur
«Ss Mfrs Fire N Y_!
Mereh
28%
"
14%
45
•',21%.
16%
25
Baltimore American
8.18
Fire
Merchant
17%
,12%
6.97
10.25
nn^
.
12%
10%
,
36
33
20
Maryland Casualty common
1
Prior preferred
10
i'i
Convertible preferred
5
Massachusetts Bonding —«5>
New
10.66
8.73
;
38%,
16
-3-_
Automobile
10.95
5.96
Fund
Ml
Fidelity & Casualty_5
American of Newark
2%
American Re-Insurance
10
American Reserve
lQ
4.13
14.51
-
36
American
9.73
Wdlinc^on Fund
Priced Bonds——1
B-3
B-4
American
5.76
19%
11%
4
Automobile
3.49
96
'93, S
60%
18%
•
26%,;
24%.
••
10
North America
Jersey Insurance of N Y
4 B'/i
-.44%,.
'*57%
10
—
6.16
series A_
Whitehall
American. Alliance
4.92
7.46
Wall Street Investing Corp.
27.17
28.38
23.51
25.64
16.01' * 17.47
9.07
9.90
17.18
18.75
20.42
22.28
25.46
27.78
13.43
14.65
11.82
12.90
4.37
4.78
5.10
5.67
—25
,.48%
46
.
f'.I.K:,"
3.72
£
v
.
Agricultural
7.98
3.13
'
„
7.10
4.45
'
Keystone Custodian Funtfe—
B-l
(Investment Bonds)—1
B-2 (Medium Grade Bds)„l
~1Q
'
Irubtcea Industry Shares.—25c
13.45.
13.16
-10
7.22
—10c
Standard Utilities
Insur Co of
6.46
-
5
Home
Ask
Bid
Par
Ask
Bid
Par
~10
Aetna-Life-
6.36
Selected Amer Shares
Investors
8.62;
9.45
77c
86c
92c
1.02
13.22
14.49
25.25 "27.45
Group shares
Aviation
Companies
"
7.30
9.99
Sovereign
Institutional Securities Ltd—
-
American Surety
Petroleum & Trading
Putnam (Geo) Fund
Republic Invest Fund
Russell Berg Fund Inc
Scudder, Stevens & Clark
Fund Inc new
22.90
21.18
'
\
•
Aetna-.Inaujance
Merchandising
Metals
Oils
Pacific Coast Invest Fund
Public Utility
Railroad
Railroad equipment
Steel
Tobacco:
4.69
~
>■
V
Aetna Casual-* Surety.
6.65
Diversified Investment FundDiversified prefeired stock
Diversified Industry
Electrical equipment
Insurance stockMachinery
4.47
4.86
4.96 ' * 5.39
4.17
4.53
4.59
4.99
4.44
4.80'
1.60
1.64
—
shares
Tobacco
•
7.51
8.15
7.30
7.92
9.37
9.84
7.11 •
7.71
6.32
6.86
7.28 > 7.90
5.04
5.48
7.68
8.33
2.43
/ 2.65
General bond
-
Series
Building supply
Chemical —
—
Corporate bond-series
6.79
10.79
5.63
Electrical Equipment
k—
14.60
13.18
Insurance
7.96.
New York Stocks Inc—
Agriculture
Automobile
Aviation
Bank stock
..
100
preferred
5%
—
12.04
8.80
6.26
9.96
5.18
—
k—
26.74
11.14
7.68
Building shares
Chemical shares
k—
4.77
24.73
Securities—
Agricultural shares
Automobile shares
Income 4%s
Conv
k__
4.94
4.33
Speculative Series
Stock Series
Industrial Stock Series..
Selected Group Series
__
Low Priced Com Stock SeriesNew England Fund
1
Howard—
1994
2019
1st 48
..
*
Common
4.65
4.48
1
Fund
Investors 2d
Income
Eaton &
4.22
Mutual Invest Fund Inc
10
Nation-Wide Securities—
Balanced shares
1
National Investors Corp
__1
National Security Series—
Bond series
Low Priced Bond Series
Preferred Stock Series
—
Chicago Rock Island & Pacific—
4.70
3.66
Ask
Bid
Stocks-
•,
Pacific—
4.71
4.26
Ask
Bid
-Bonda—
Chicago Rock Island &
4.25
3.50
Non-Ferrous Metals
Paper shares
Petroleum shares
Steel shares
Manhattan Bond Fund Inc—
Common
10c
Mass Investors Trust.
1
3.80
5.05
28.79
30.95
13.31
14.39
Christiana Securities com—100 2,900
3,000
Preferred
—100
139
145
Commonwealth Invest
1
5.60
6.09
Delaware Fund1
14.59
15.77
Dividend Shares
25c
1.40
1.54
Trust
Fund
Chemical
45.21.
4.11
Home Furnishings shares
1
•
—1
Fund Ltd
Century Shares
44.31
3.73
Mass
Canadian Inv
94.61
Electrical Equipment shares—
General Industries shares
Oilstocks
series A
Shares
issued)
and if
as
Ask
92.72
Loomis Sayles Mutual Fund
•
Loomis Sayles Second Fund—10
Managed Funds—
Automobile shares
Business Equipment sharesDrug shares
5.68
4.22
Holding Corp—
10
American Business Shares——1
Aeronautical Securities
Affiliated Fund Inc
Bid
par
11%
610
580
United Slates Treasury
.
Bates
quoted; are for
Bills
-discount at.purchase
Obligations Of Government Agencies
wc%ral Land
Bid
Bank Bonds—
99.20
97
1950-1948
1%S May 1, 1952-1950
l%s Jan. I, 1953-1951
2%S Feb. 1. 1955-1953
%s
Oct.
1,
'98
100.28
Aik
99.28
97.12
98.12
101.8
Federal Home Loan Banks—
l%s Apr.
Bid
15, 1948
99.29
1%S Sept. 15, 1948
99.26
1%S Jan.
1949 wi_-
20,
Other
100.5
119 y4
120y2
-
—1961
As!
Bid
"
99.30
100.2
Issues
Panama Canal 3s
Ask
100.1
1948.
January 29, 1948—
February.. 5* 1948Februaryr.vl3;> 1948_
February 19, 1948.
Februaryr 26, 1948Mar.ch 4y 1948
22,
January
Bid
Asfr
b0.86
0.72%
..
Treasury bills—
March 11,
0.72%,
March
0.85%.,;
March 25,
0.86%
April
b0.95
0.88%
April 8.
b0.95
0.89%
April
b0.90
.r-b0.92
b0.94
4
,
18,
1,
b0.96
1948—
:
0.915
b0.96L 0.915
1948.
b0.97
1948-
0.92 5
1948—
b0.97
0.92 5
1948
b0.97
0.92 5
b0-.97
0.93 5
15,
1948-
0.90%-
f.b0.96
Quotations For U. S. Treasury Notes
Figures
tSept.
tOct.
1,
tJan.
1,
Bid
1%% 100.3047
1948
15,
after decimal point represent one or more
Int. Bate
Maturity—
Ask
.3178
!%
1949
of
Indebtedness—
99.9767
.9996
lYa%
100.0219
.0408
Was
July 1,
t%s July
t%S
*%S
a
Certificates of
V/as June 1, 1948
1948
Certificates
32ds of a point
Maturity—
Indebtedness—
F<&. 1, 1948
t%s Mar. 1,
1948
f/aS Apr. I,
1948
Bid
100.0078
Ask
.0150
99.9986
99.9977
.0078
.0138
1,
1.
JuLy
lis Oct.
lis Oct
1948 Series F
1948 Series G
1948 Series H
1, 1948 Seris J
1,
U%s Jan.
1948 Series K
1, 1949
Bid
Ask
99.9743
99.9555
99.9558
99.9561
.9853
.9689
.9692
.9695
99.9770
99.9777
100.0229
.9909
.9915
.0417
Odd lot sale
included
in
change.
r
(not Included in year's range),
year's
Cash
•No
dividend.
par
value,
w
i When issued,
tin
default.
x
d Deferred delivery sales (not
t Ex-stock dividend,
(not included in year's range).
sales
wdWhen delivered,
b Bid yield price,
Y. Stock Ex¬
(Un) Unlisted issue.
' .
f Flat price, - k Admitted to listing on N;
range) ,* e Ex-interest,
Ex-dividend,
tThese
y
Ex-rights.
bonds are subject to
all Federal taxes.
lEx-llquidatlng
Volume
167
Number 4665
THE COMMERCIAL
&
FINANCIAL
CHRONICLE
(287)
THE COURSE
Bank
clearings this
will
show
Preliminary
figures compiled by
Cities of the
country, indicate that for
based
us,
increase
an
compared
with
a
year
upon
telegraphic advices from the chief
ended
Saturday,-Jan. 17, clearings
Week Ended Jan. 17
,1948
New York__
$5,632,795,458
686,486,125
612,844,909
+
,939,000,000
848,000,000
381,262,525
+ 23.9
307,590,105
250,826,888
+ 22.6
297,400,000
244,200,000
+ 21.8
Kansas City
St. Louis
Francisco.
:
•
■
Pittsburgh
314,875,000
205,806,101
240.907,616
Lancaster
2,675,333,295
we
ended
Jan.
'
For
Total
that
West
of
there
was
in
1947.
increase
an
Outside
of
foregoing will
cases
the week
as
of
has to be estimated.
previous—the week
13.1%,
the
was
of
aggregate
gain of 19.4%
a
Reserve District the totals
The Chicago Reserve District has to its credit
of
re¬
an
increase
22.2%, and the Minneapolis Reserve Dis¬
In the Kansas City Reserve District the totals
register
expansion
an
:of 22.2%; in the Dallas Reserve District of
33.3%, and in the San Francisco Reserve
District of 21.2%.
-.
;
V--;
'
• '
N
t
we
furnish
Week Ended Jan. 10
2d
Boston
New
td
York
6th
Atlanta
+
Chicago
17
Itb
St.
9th
Minneapolis
10th
Louis
Kansas
City
__
San
424,423,491
6,819,921,052
8.0
7,721,743,889
752,334,154
704,986,177
+ 26.3
623,429,338
602,573,93 i
+
*iMI,256,3l3f
«•
374,767,038
+ 20.4
606.885,317-A + '565,578,443
t'
v
322,269,633
284,769,346
472,990,298
;
7.3
:+
433,748,562
991,967,299
854,870,388
+ 16.0
737,047,229
504,281,211
412,611,194
+ 22.2
333,777,132
301,746,737
421,408,260s./
«•
■.
;
w
••
•
4t
10
,
V
add
our
338,562,307
+ 24,5
282,560,650
363,647,854
308,840,159
-
438,452,794
-
231,654,907
787,648,947
+ 33.3
>
649,786,815
cities
317,921,103
191,189,324
159,716,006
+ 21.2
:
567,341,343
521,282,935
+ 13.1
14,715,766,891 ..13,006,270,756
7,270;7C7|585
12,873,767,866-
.11,453,878,747
6,089,089,603
detailed
statement
+ 19.4
5,336,410,958
showing the figures for
of
4,806,398,551
each
Clearings at—
,; •;
Reserve
——
I——
,
River
New
1,457.138
3,929,268
433,611,523
2,098,230
1,659,026
+ 26.5
1,425,354
706,154
1,779,156
+
5.7
+ 18.2
+ 15,7
23,174,239
+ 17.3
10,388,790
¥ 13.2f
544,928
2,108,265
+34.2
,1,868,949
9,148,000
114,289,534
3,564,365
181,192,359
64,464,515
+27.4
7,450,000
5,744,000
+24.4
86,809,730
82,656,921
5.6
+20.3
3,308,372
164,325,698
148,767,363
+13.1
58,506,884
42,451,604
+20.4
322,269,633
284,769,346
13,038,503
46,937,717
173,500,000
3,135,026
155,700,000
2,628,4771
+
,
"l,474,541
,
2,674,917
Sixth Federal
Reserve District—Atlanta—
19,331,877
Nashville
69,246,955
Georgia—Atlanta
Augusta
...
202.000,000
4,552,632
Macon
+ 32.9
2,320,112
2,655,554
+ 12.6
77,932,609
+ 29.2
59,088,169
59,633,760
+ 14.6
62,077,964
65,123,836
4,859,713
509,275
6,627,392
421,862
+ 20.7
320,102
282,168
105,673,422
+
6.8
101,677,325
90,819,937
606,885,317
Seventh Federal Reserve
565,578,443
+
7.3
472,990,298
+
1,277,986
934,961
792,738
6,858,561
4,831,684
5,925,933
—19.1
6,203,480
4,875,582
+ 27.2
57,626,000
48,417,000
+ 19.0
5,629,550
4,974,837
+ 13.2
13,190,592
+ 18.4
3,775,404
39,095,000
3,864,177
10,175,788
65,125,804
54,560,971
3,560,884
+ 19.4
45,918,190
4,107,558
+ 15.4
2,837,989
32,407,248
25,392,814
+ 27.6
19,217,313
18,851,736
14,202,809
1,229,835
+ 32.7
3,227,436
33,962,000
3,317,285
11,453,078
37,635,789
2,204,339
15,239,997
7,621,856
I
Wisconsin—Milwaukee
Iowa—Cedar
1.6
+ 38.3
6,051,544
,15,611,598
Bend
Rapids
Moines
City
Illinois—Bloomington
'
1,572,511
742,740,569
Chicago
Decatur
Total
(17
1,257,838
8,019,808
4,898,055
'
Haute
Sioux
i433,748,562
,
11,087,589
*
Lansing
Indiana—Fort Wayne__.
Indianapolis
Des
5,628,225
District—Chicago—
Arbor
Rapids
South
6.3
2,826,059
76,652,888
112,868,981
Orleans
(10 cities)
Terre
+
15,439,867
41,872,405
3,755,948
Mississippi—Vicksburg
Grand
4,283,407
8.1
7,597,019
Mobile
Michigan—Ann
+ 24.0
100,679,358
Alabama—Birmingham
Total
+ 25.5
—
86,343,272
,
Florida—Jacksonville
Louisiana—New
15,400,74455,860,059
219,900,000
3,574,514
11,860,815
+ 27.9
i
4,689,713
9,988,644
815,414
+ 14.5
572,519,462
+ 22.1
648,713,585
2,927,227
2,271,157
8,428,167
596,158
532,319,022
2,195,169
8,520,602
9,982,217
+
4,418,225
4,073,941
3,438,904
+ 28.5
3,042,222
2,473,096
2,477,630
2,086,609
991,967,299
854,870,388
+16.0
737,047,229
674,265,354
4,974,061
cities)
8.8
+ 22.1
Eighth Federal Reserve District—St. Louis—
Missouri—St. Louis_.
Kentucky—Louisville
284,000,000
Tennessee—Memphis
Illinois—Quincy
117,332,866
99,573,624
+ 17.8
100,740,217
84,809,315
+ 18.8
226,500,000
+ 25.4
Total
189,800,000
83,526,895
168,000,000
79,018,625
53,686,300
2,208,128
1,728,255
+ 27.8
59,224,225
1,226,012
504,281,211
(4 cities)
412,611,194
+22.2
333,777,132
301,746,737
5,673,870
233,353,357
77,683,607
+
5,183,802
208,311,774
52,892,696
5,247,336
3,721,706
144,435,220
47,675,450
4,128,678
2,540,810
'
.
1,041,812
Ninth Federal
Reserve
25,898,800
XT.
23,411,200
-
1,323,478
+ 10.6
1,299,557
567,048,298
513,496,372
5,937,482
Minneapolis
St.
297,570,992
Paul
92,133,763
North
Dakota—Fargo—
Dakota—Aberdeen
,
,
+
t
,£,368,751
,^+22,665,200
1.8 J..
3,665,554
20,427,589
17,742,886
;
V
6,500,294
20,480,100
099,448
776,240
505,437,022
+ 10.4
424,423,491
York
Syracuse
Connecticut—Stamford
Jersey—Montclair_
Newark
Northern New Jersey.
(12 cities)
10,526,699
+ 117.4
8,821,403
7,349,767
2,417,813
+ 20.5
2,089,508
1,695,683
72,497,068
+ 31.2
59,413,957
60,246,000
1,916,370
Rochester
3,375,737
1,368,440
+ 40.0
1,115,879
1,138,290
;
1,669,696
7,445,059,306
6,917,181,153
22,354,051
17,595,196
13,419,783
10,455,038
+ 28.4
9,492,131
6,997,391
10,607,005
11,142,258
4.8
9,871,813
746,697
8,134,152
719,716
38,452,645
40,065,936
52,333,383
49,104,294
7,707,838,431
7,134,743,307
+21.6
1,302,528
1,040,635
7.6
7,537,356,908
6,647,480,196
+ 27.0
15,793,828
'+
+
—
+
+
13-7/
610,697
+ 17.6
2,426,188
+ 10.0
5,958,044
1,686,746
1,735,946
5,140,307
338,562,307
+24.5
282,560,650
208,524,053
316,284
4,200,673
Federal Reserve
751,527
Omaha
+ 51.9
553,119
6,710,303
+ 33.4
458,310
+ 105.7
106,222,495
+ 25.4
5,505,969
87,085,185
6,582,355
+ 26.7
9,224,357
227,442
392,273
4,486,563
75,254,323
4,853,790
8,632,070
+ 19.1
241,344,971
213,891,697
+ 22.3
9,088,004
7,806,309
9.2
2,609,572
7,108,546
13,480,147
349,160,840
13,403,632
—
1,972,624
City.
St. Joseph
Colorado—Colorado Springs
Pueblo
(10 Cities)
-
1,683,329
+ 28.9
1,432,847
1,211,358
1,165,278
535,847,401
—
6,156,180
10,639,076
293,229,005
10,958,873
1,805,753
2,170,245
Wichita
Total
494,661
737,667
13,803,171
133,259,002
Hastings
Lincoln
Missouri—Kansas
|
District—Kansas City—
438,452,794
+22.2
363,647,854
317,921,103
5,973,575
189,307,000
+ 27.8
20,751,279
4,098,000
2,610,601
4,658,424
155,790,000
17,576,732
131,084,000
+ 33.7
+ 15.5
+
Eleventh Federal Reserve District—Dallas—
Texas—Austin
7,634,458
Dallas
256,133,000
Fort Worth
27,751,777
Galveston
Wichita
5,298,000
Falls
♦3,000,000
9,022,924
Louisiana—Shreveport
+ 29.3
+ 14.9
3,679,000
2,276,516
1.2
7,208,652
5,881,293
231,654,907
+33.3
191,189,324
159,716,006
102,354,057
+ 10.3
86,717,920
5,101,402
4,118,237
95,394,023
+ 23.9
4,018,074
+ 53.8
86,221,049
2,906,782
72,026,262
43,405,271
10,099,843
+ 33.2
75,397,089
36,459,199
7,430,924
29,810,879
8,573,125
+ 15.8
298,429,000
3.4
7,777,077
331,397,173
8,299,987
+ 14.2
3,458,384
6,712,981
2,546,385
8.1
6,385,516
5,650,181
308,840,159
Twelfth Federal
+
Reserve District—San Francisco
Washington—Seattle
Yakima
Oregon—Portland
146,756,098
City___
California—Long Beach
Francisco
Jose
Santa Barbara
Stockton
:
,»•
57,812,804
11,602,259
9,925,184
Pasadena
Total
32,240,862
30,106,712
43,629,375
41,354,553
6,819,921,052
(10 cities)
Grand Total (112 cities)
Outsit" Motr Vf>rk_
♦Estimated.
3,099,083
14,896,535
2,900,000
1,855,095
112,855,751
(6 cities)
San
8,914,452
+ 35.3
419.012,000
;
362,090,233
11,112,071
11,508,519
4,777,829
4,182,142
8,041,365
8,693,549
+ 14.9
+ 15.7
—
+
429,008
4.0
7,721,743,889
+ 31.9
+ 10.1
421,408,260
(7 cities).
San
13,948,660
6.6
8.0
+ 18.6
9,426,693
Utah—Salt. Lake
2,029,431
;
6,643,163
3,066,307
4.6
+ 27.5
3,572,156
8,569,847
•
;
Helena
Total
.
2,914,478
____
8,762,920
.
Montana—Billings
i.
22,884,574
_
District—Minneapolis—
Minnesota—Duluth
4,829,695
|
95,120,708
Jamestown
602,573,931
Tennessee—Knoxville
1,608,234
4,744,791
11,756,203
cities)
1,151,359
5,599,745
5,417,982
27,181,740
-
361,737,795
620,373
6,653,833
.
York—Albany
Elmlra
623,429,338
374,767,038
—
!
1,577,086
+ 11.7
7,865,042
Buffalo
Total
1.356,78C
| 6,268,783
Binghamton
New
0.9
9.9
;
-
New
—
+
Second Federal Reserve
York—■
District—New York—
Hew
+26.3
451,271,210
_
Kansas—Topeka
2,099,287
1,880,866
Hampshire—Manchester.
(12
671,256,313
2,236,529
__________
,'
788,803
Island—Providence
$
/
432,116,821
Bedford
Total
1945
3,940,382
Connecticut—Hartford
Rhode
^
2.5
-
Haven
3,380,262
248,284,546
Nebraska—Fremont
1946
rio
+
Springfield
New
7
or
Dec.
474,996,016
Worcester
,
'
Inc.
:
.
4,790,327
Lowell
New
$ .-;v. :
4,909,502
.
Massachusetts—Boston
Fall
'
1947
2,080,835
Portland
•v
+ 23.4
3,234,484
4,346,784
245,323,794
city for the
Week Ended Jan. 10
Maine—Bangor
16,321,600
+ 23.6
2,830,091
Columbia—Washington.
(6 cities)
Tenth
,1948
Federal
18,382,400
+ 19.8
5,438,406
247,881,090
,
(
208,524,053
+ 22.2
535,847,40 if v
week ended Jan. 10 for four
years:
First
+ 23.3
3,937,523
11,650,000
142,110,222
3,764,649
217,990,881
72,916,367
Virginia—Huntington
Total
now
22,943,800
848,083,767
(7 cities)
South
We
208,838,155
674,265,354
■
Outside New York City.
V
4,024,375
119,488,464
217,862,350
5.4
<■
10
.112
f
4,891,747
129,387,779
+ 31.5
+
•
«l
6
Francisco
+ 24.0
$
.
505,437,022
-
848,083,767:-
,
7
tlth Dallas
12th
«».
..:4
__
$
+ 10.4
1945
+ 20.0
451,271,210
10
7th
1946
984,656,591.-2 ,V ,820,510,878
6
-
Dec. %
513,496,372
7,707,838,431+M .7,134,743,307
V-
'
-
$
•
<v
Inc. or
'
7
Richmond
6,058,337
137,506,767
247,490,390
305,861,142
8pringfield
1947
567,048,298
u
11
704,986,177
6,722,477
Rockford
CLEARINGS
<•
12
Cleveland
Sth
BANK
$
12 cities
Philadelphia
Oth
OF
1948
Federal Reserve Districts
1st
752,334,154
4,718,549
Peoria
by Federal Reserve Districts:
a summary
SUMMARY
r
+ 20.0
1,868,665
appear
present further below
we
week
this city there
In the Cleveland
16.0%; the St. Louis Reserve District
following
820,510,878
——_____
gain of 26.3%; in the Richmond Reserve District of
20.4%., and in the Atlanta
In the
2,930,300
*
not available at time of going to press.
are
last day of the week in all
delphia Reserve District of 20.0%.
trict of 24.5%.
3,873,989
1,582,306
6,383,724
6.7
+
10.4%, and in the Phila¬
a
0.4
—
2,976,049
170,568,792
325,546,183
28,282,900
Carolina—Charleston
Maryland—Baltimore
bank clearings at this center
having recorded a gain of 7.6%, We group the
cities according to the Federal Reserve
Districts in which they are located and from
this it appears that in the New York District
(including this city) the totals show
an improvement of
8.0%J in the Boston Reserve District o£
cord
6,090,078
+ 28.2
District—Cleveland-
South
—66.3
the
Reserve District of 7.3%.
6,184,432
984,656,591
cities).
■
week
week
same
+ 81.6
6,064,960
Virginia—Norfolk
clearings for the whole country having amounted to
$14,715,766,891 against $13,006,270,756 in the
2,639,535
7,631,203
Jersey—Trenton
Mansfield
+ 22.1
2,379,439,472
$14,540,496,285 $13,626,807,479
statement, however, which
give final and complete results for the
10.
+ 61.6
13,856,418
Delaware—Wilmington
+ 19.6
,
$11,247,368,007
801,676,905
elaborate detailed
to
+ 11.8
3,751,325
Youngs town
+ 13.7
today, inasmuch
able
+ 16.1
2,200,749
6,060,311
Pennsylvania—Pittsburgh
+ 24,4
2,352,487,220
$13,738,819,380
Saturday and the Saturday figures
are
2,825,846
4,124,987
2,125,854
726,000,000
3,212,394
3,677,553
1,663,787
Scranton
Cincinnati
+ 42.2
$8,894,880,787
*
exact details for the week covered
by the
issue of next week. We cannot furnish
them
In the
-
+ 19.3
Wllkes-Barre
Richmond
cities, five days
oneday_-J—
Accordingly, in the above, the
;
2,849,161
787,000,000
York
Total
=
757,221
1,879,465
689,000,000
1,980,158
714,668
1,297,345
+ 33.9
Complete and
ends
751,439
3,281,196
5,287,966
2,461,102
Philadelphia
Reading
District
our
1,130,543
—
Fifth Federal Reserve
District—Richmond—
Total all el ties for week.
in
1,074,628
—30.3
+ 37.2
163,362,290
$11,063,486,085
Total all
8.9
—18.3
1,546,981
Columbus
7.7
+
218,810,833
Ten cities, five days.
,
1,395,464
Cleveland
338,975,000
Other cities, five days_
All cities,
$
1,095,084
Ohio—Canton
1.2
292,746,331
Baltimore
;;
+ 27.5
,v. 330,524,851
Cleveland
1945
$
«
895,169
Fourth Federal Reserve
+ 10.7
472,233,935
.
1946
1,077,549
3,400,358
941,000.000
Chester
(11
or
Dec. %
%
$7,179,718,905
Chicago
Philadelphia
San
1947
Inc.
<
.
1,271,562
Bethlehem
Total
Clearings—Returns by Telegraph
$
idelphia—
District—Philadelphia—
Pennsylvania—Altoona
New
1947
$
Reserve
ago.
week
the
1948
Third Federal
vfor all cities of the United States from which it
is possible to obtain
weekly clear¬
ings will be 6.7 % above those of the
corresponding week last year. - Our prelim¬
inary total stands at $14,540,496,285 against
$13,626,807,479 for the same week in
1947. At this center
there is a gain for the week ended
Friday of 27.5%. Our com¬
parative summary for the week follows:
Boston
Week Ended Jan. 10
OTBANK CLEARINGS
week
43
10,860,574
6,118,842
787,648,947
649,766,815
+21.2
567,341,343
521,282,935
*
14,715,766,891
7,270,707,585
13,006,270,756
6,089,089,603
+ 13.1
12,873,767,866
11,453,878,747
1
+ 19.4
5,336,410,958
4,806,398,551
44
THE COMMERCIAL
(288)
&
CHRONICLE
FINANCIAL
Date
Company and Issue—
Condition Statement of Member Banks
reporting member
banks of the Federal Reserve System in leading cities
the
shows
5%
Treasury bills and
a
York
series A, due
bonds, series A, due
Personal Loan Co.—
due
debentures,
industrial and agricultural loans de¬
Loans to brokers and dealers for
purchasing or carrying United States Government secur¬
ities decreased $23,000,000 in New York City and $47,-
Petroleum Corp.,
Warren
Feb.,
1956—-Feb
2
2
§2419
§2419
1963—Feb
1
..Mar
155
1
preferred stock—-Feb
$Vol.
HVol.
165.
- -
.
;
y
,
164.
42004
50
§2565
9
of the assets and liabilities of reporting /
summary
'
•
•
*
.
'
<
Class
§Vol. 166.
Inc. (+ ) or
>"•
Dec. (—) Since
v'.vJan. 7.
..V
;•,/'/• V
■
Dec. 31,
'1948
,
1947 '
1947
v
Allied
(quar.)—
_—„_—
American Box Board Co. (quar.)_l_:
—^.
$6 pfd.
American & Foreign Power,
$7
preferred
5%
Aro
(quar.)—
—
Co., $1.40 conv. pfd.
Line
Coast
Avondale
$2.25
Mills,
3-11
1
1-19
2-
2
1-19
2-
1
$1.25
—
v., 2-
35c
(quar.)_:_
1-20*
1-13
1-23
15c
1-19
2 v
Co.
(quar.)
3-12
2-13
2-
1
1-15
3-
1
Loans—total-•
65,142
'-—* 100
U.
S.
and
dealers
carrying:-
or
;
•
Government
+
for
13
—
+
4,066
3,330
Blue
245
47
—
568
50
•—
442
:
2
Other
securities
Real estate
Loans to
loans
13
8
12
965
bills
Banks
domestic
banks
2,566
-
Bronxville
Trust
Brunswick Site
107
987
Common
11
318
Co.
Y.)
(N.
412
782
$1.20
19
57
Canada
128
(A. M.)
deposits adjusted
except Govt
deposits
Time
48,620
deposits,
U.
Government
S.
—
14,561
8
—
481
227
—
.645
955
Interbank demand deposits:
Domestic
banks
10,285
Foreign banks
1,346
Borrowings
Debits to demand
interbank
and
U.
S.
during week
accounts
Govt,
j
8
7
—
128
deposit
391
34
+
"
4
91
+
except
accounts,
___
(quar.)
___
_
and common stocks called for redemption,
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
(quar.)
Cement Co.,
Ltd., $1.30 pref.
Investment
Ordinary
Canadian
shares
(quar.)
OF
TENDER
Cities
American
(Philip)
Blum
Power
Ry.,
Alkali
&
Light Corp.,
Inc., common
ref. mtge.
Co.,
&
Pacific
Central
Mathieson
,
1st
class B
Date
,
stock—-Mar
stock—
bonds, due
!_
(quar.)
Root
bonds,
mortgage
Petroleum
Tennessee
Co.,
due
1
(quar.)
—
preferred (quar.)
Tractor (quar.)„
4%
Century
Shares
De
;_Feb
20
*
___Jan 26
158
capital stock-
mortgage
bonds,
due
1951
—
Brooklyn
Borough
Gas Co., 1st mtge.
Clinchfield & Ohio Ry.—
Carolina,
1st
Central
1st
Maine
and
Chicago
1st
and
due
series A,
Pcwer
general
Union
Terminals
River
Power
series
L,
Mar
(quar.)
due
:
1970—Feb
RR.—
series D, due 1962_Mar
1st mtge.
Co.,
5'/2s,
ser.
A_Apr
——Feb 15
due
(T.)
1962—Feb
*
44
1
:\Vs:
,
Jan
Co., of Newark, N. J„ $4 pfd. stk.-Feb
Inc., 3 Va % debentures
Feb
Firemen's Insurance
Stores,
1
§2308
43
30
16
1
15-yr. notes, due 1958—Feb
2
preferred stock
Jan 31
McCord Corp., 4 '/2 %
debentures, due 1956
—Feb
1
Midlothian Country Club—
'
General and refunding mortgage 4'/2S, due 1959-——Feb
1
Standard Milling Co,, 3 V2 %
debentures, due 1961—.—Feb
1
Sun Ray Drug Co., 3la % debentures
—Feb
1
Warren Petroleum Corp., 3 %f/o con v. preferred stock—Jan 26
44
May,
Stern & Co.,
153
47
Coast
ENTIRE
ISSUE
CALLED
6%
preferred
stock,
.
series
of
1927
Feb
11
Ji2142
42
Corp.,
2-
1
2-
1-20
1
Merchants &
1-20
25c
Midland
&
Rubber
2-
2
1-21
Midwest
15c
1-24
1-14
Miles
2-26
2-16
15c
3-10
1
1-16
Mine
—
quar.)„—
(quar.i_
& Iron,
5%
Grain
Coal
Co.
(quar.).:
Crown
Cork & Seal, Ltd. (quar.)
Atlantic Sugar Co., com.
preferred
preferred
Diocesan
stock
-
Monumental
2-
2
1-15
$32 '/2C
3-20
2-20
Morrison-Knudson,
2-16
2-
New
New
York Fire Insurance
1-15
Northern
1-26
Northwestern
3-15
3-
—
1-20
Ohio
2-14
Outboard
2-10
2-
2
1-20
2-
2
1-20
2-17
Phillips
3-10
Fillsbury Mills, Inc., common
3-30
3-15
$4
3-30
3-15
Portis
2-20
Franklin
Fulton
2-15
1-20
1
3-15
1-15
30c
2-
3
2-
2
1-10
9
1-20
2-
3-
1
9
2-13
1
•
■
Fire
General
Insurance
Cigar
Co.,
Rose's 5-10-25c Stores
7-
1
6-18
Rowe
2-
2
1-12
Scythes & Co., Ltd., common
2-16
1-26
$10c
Secord
Food
Shoe
2-
1-14
2
1-30
2-
2
1-26
—
3-16
$1.25
3-
1
2-13
$2
pfd.
2-
1
1-25
$1.50
2-
1
1-16
(quar.)
;—
3.90%
preferred
(quar.)
4.15%
preferred
(quar.)
•—
Sovereign Investors, Inc..—_—______—Spencer Kellogg & Sons (increased quar.)—.
Stein (A.) & Co, (quar.)„
(quar.)
prior pfd. (quar.i(quar.)_
•$1
1-31
1-21
1-31
1-21
2-
6*
St:x
2-
6*
2-
(extra)
2
1-20
3-31
2-
1
1-23
(irreg.)
2-
2
1-20
30c
2-
2
1-15
Sun
2-
5Cc
25c
common
$1.75
Stouffer
Corp.
Struthers Wells Corp., common
Oil
1-15
12-31
1-31
1-17
3-15
2-13
Thermoid
2-13
1
Oil
(quar.)
(s-ai
(quar.)
Co., $2.50 conv. pfd.
Timken Detroit Axle
(quar.)
Globe
(s-a)
Republic Insurance Co.
2-16
2-
5-25
5-10
Trenton Chem. Co.,
SI
5-25
5-10
Trustee
2-16
1-26°
1-31
1-17
SI.75
1-15
25c
2-
2
„
.
2.29
1- 2
1-22
"
,
1-23
1-13
1-13
2-
6
2-11
4-
1
12-26
1-23
1-20
1-15
1-20
1-20
1-20
1-20
1-24
2-192-16
1-26
;
1-
9
1-
9>
1-20
2-20
2-16
2-18
2,
2
3-10'
12-
8
1-16.
&
2-
5.
1-15
1-15.
•
1-31
2-13:
1-30-
1-20'
4- 1
3-22
4- 1
1-31
2-16
2-16
3-22"
2- 2
1-19-
1-24
2-
5.
2-
5
3-15
2-25
2-10
2-
40c
$1
62'/2c
/-4- 1
3" 1
2- 2
50c
3-20
2%%
1-10
(irreg.)
(quar.)_
Co
2
87y2c
2
1-26
$1
25c
$1
(quar.)
5c
50c
(quar.)
Corp., $3.50 pfd.
2-
!—
Co.
Co.
25c
common
40c
31'Ac
(increased);—
Special
3-
(quar.)
of California
Superior
Swift
&
1-23
1-21
—
Co.
2
2-16
1-15-
$1.25
1-15
1-15
2-16
preferred (quar.)
——___.
Suburban Elec. Securities, $4 2nd pfd. (quar.)
87V2c
Corp., com.
(quar.)
1-15
2- 1
2- 1
2- 1
2-20
3-10
2-16
1-30
25c
50c
(s-a)
1-22
1-12
3- I
25c
25c
50c
4-15
$12.50
1-19
92'/2c
97'/2c
$1.03%
10c
50c
50c
Stokely-Var. Camp, Inc.. common.—
5% prior preference (quar.)
15c
(irreg.)
J
:—
1
1
Fuller
1-19
40c
'
—
3-
3-
&
1-12
1- 1
$0.2542
(quar.)
preferred
Baer
1-15
2-2
—.——
common
$1.25
$1.75
preferred C
Co.—
(init'al)-..
30c
(quar.)
1-15
12-31
15c
55c
50c
———
(s-a)_
—
Calitornia Edison
3.70%
1-15
Louis—
Sheraton, Inc. (quar.)
preferred
1-15
1-14
1-20
3- 1
3- 1
4- 1
t20c
10c
(quar.)_——-
(Cmah+) (initial)
3-22
Georgia Railroad & Banking Co.
&
—
convertible preferred
5'/2%
1-20
3-15
3- 1
20c
$19c
t31'/4C
—
(quar.)
(quar.).
Candy Shops
Seven-Up Bottling Co. of St.
Common
(quar.)—
1-19
1-20
1-22
1-15
2-1
5c
15c
i
(quar.)
Corp.
(quar.)—
(Laura)
1-31
2-20
2-20
(quar.)._^—25c
Southern
preferred A (s-a)
General
Corp.
preferred
5%
1-23
2
1
Southwestern Public Service,
20c
Finance Corp.,
convertible
—i
Z
3-17
1-23
(quar.).
class A
preferred
General
Extra "
1-16
i-3i
(quar.)—.'
Industrial Secur.
Co.,
preferred (quar.)—
preferred (quar.)
___•
Racing Association (irreg.)__———
Manufacturing Co., common (quar.)_
1
2-
6%
6%
6'Ac
+-—
prior
4-
20c
12c
10c
—
—
2-20
(quar.)__
preferred
Co
2-16
■\
1-21
2-14
1-24
1-30
75c
(quar.)—
Fund. Inc
5%
1-10
3-
3-10
Co.
—
2- 2
;6%
7'/2c ■.>. 2- 2
Revere
>
30c
1-29
Rheem
40c
3-15
AVaVc preferred (quar.)__i_I—$1.12'/2
3- 1
Rio Grande Valley Gas_
5c
2-16
Rochester American Insurance/(quar.)
—
25c
1-15
1-27
25c
Gamble
/
_______—
Republic Drill & Tool Co. —
Common
(stock dividend)
Common class A
(stock dividend)
1-13
1-20
$6c
■■■•/ 25c
—
2-14
:
6%
Four-Twelve West Sixth Co.
& Co.
&
(D. M.)
1-17
3- 1
3" 1
4-15
1-15
75c
50c
$1
10c
...—
—
(quar.)_
(quar.)
Puritan
1-15
(quar.)
Style Industries, Inc.___
Proctor
2-10
2-
preferred
Co.
1-19
2-13
>
—
Petroleum
1-30
1-19
2- 2
2- 2
N.
______
Extra
$1
(quar.)
Firth Sterling Steel & Carbide Corp.—
Bros.
50c
25c
pfd.
Y.)—
non-cum. conv.
(Brooklyn,
Bank
National
1-15
1-30
(quar.)
Inc.
;
1-15
2- 5
90c
Co.
Semi-annual
4.88%
Co., common
preferred
75c
(quar.)__
$1.25
preferred
7%
—
Mfg.
Peoples
2-25
75c
Tilford,
1-19
2- 2
3- 1
2-25
2- 1
2-25
Penn Investment Co., $4
$1
Carpet
Z—
(irreg.)—_—
22'/2c
$1.12'/2
$3c
40c
35c
Service, com.
Park
&
1-19
1-15
(quar.)
&
1-30
2-13
(s-a)
Z
Extra
5'/p
Marine
1-15
1-23
1
gtd. (s-a)$3.50
Hampshire (quar.)___
$1.50
New
Public
10-15
2- 2
<quar.)___
(accum.)
(irreg.)
(quar.)
(s-a)
Co.
Products,
of
pfd.
Co., 7%
1-22
1-
7-15
2- 2
2- 2
1-31
1-23
4-
1-15
4-15
1-22
40c
2
2
-9-15
1-20
3-
2
,
6-15
2- 2
2- 2
1-31
50c
2-
1
1-30
3-15
1-20
(interim),!.
Casualty Insurance (s-a)__
2
3-10
2-20
1-31
—
conv.
2-
25c
Brewing
Smith
RR.
preferred
2-28
4-
1-23
1-12
1-31
2- 2
2- 2
2- 2
2- 1
1-22
O'Brien Gold Mines
5
Ltd.—
Co.,
Fidelity & Deposit Co. of Maryland
4£
4l/2c/c
Sugar Associates—
Eppens
5%
North Carolina RR.
1-29
2-
—
—
2-16
15C
Linoleum
&
;
Eastern
57c
1-15
2
1-17
1-12
62'/2c
Insurance
Securities Acceptance Corn.
Preferred
Extra
1%
9
Investment Trust Shares—
Oilcloth
Life
Extra
2-16
2-
1-31
15c
(quar.)_
$6 preferred (quar.)—
(Bait.) (s-a)—
Bower Co.,
$$1.25
$20c
2-10*
3-1
$1.18%
$1
$1.10
$1.20
$1.50
60c
<s-a)_
York Air Brake
$2
(quar.)—
Co.
1
$1.25
(quar.i__
20c
(quar.i
B
$1.25
preferred
25c
—
45c
50c
Mfg. Co., common A
(quar.)
(quar.)
(quar.)__
preferred
Montana
2
1-24
2- 2
y
5
1-24
1
20c
'
(s-a)
(quar.)—$25c'/
Hill & Schuylkill Haven RR.
1-15
$50c
(quar.)
(quar.)
Davenport Water, 5%
Insurance
Corp.
common
1-15
75c
(quar.)
—
—.—
Reclaiming Co.
Inc.,
2
25c
pfd.
conv.
(quar.)__
(quar.i
1
2
50c
—
Fuel
.:
Monongahela Power Co., 4.40'k pfd.
;
2
2-
1
1
1
1
50c
37'/2c
45c
$1
:
(quar.
2-
2-
1-21
2-
3-12
1-31
1-31
2-27
1-27
2- 2
2-14
2- 1
2- 1
Year-end
2-11
1-26
(quar.i.
Manufacturers
Pacific
Shoes,
43ir/c
1-30
3-
20c
(quar.)
(increased
Ltd.
Extra
Colorado
General
Page
§2410
and Issue—
Z
Electric Co.
Shoe
preferred (quar.)
Read
Gamble-Skogmo, Inc.
■' .Date
Company
common
1
Ae,o
55c
Bottling Co. of St. Louis
$3.50
Appalachian Power Co.. 6% debentures, ser. A. due 2024_July 1
Butte Electric & Power Co.. 1st mtse. 5s. due 1951
Anytime
Shovel, 7%
1-20
2-
50c
Products—
Breweries,
Coca-Cola
Fyr-Fyter
155
52
158
88
McGraw
Co.—
(increased)
Aluminum
48
•
Power
2-
10c
18c
25c
pfd. (accum.)$1.75
Co.
$1
1-24
,
,
_____
Melville
$1.12'/2
Club
48
5%
Marion
10c
Cleveland Hobbing Machine
Fownes
Lynn Gas & Electric Co., 23/4 %
2
1-21
15c
Common
Firth
mortgage
Pair
1
Co.—
3%s, series A. due 1961
Packing Corp., 3% % debentures,
Realty Co.. Ltd. —
1st mortgage 4s, series A, due 1951
Food
151
3223-
60c
(Los Angeles)
(initial)
—;
Madison Square Garden Corp, (quar.)_/i___
30c
(quar.)
Extra
Empire District Electric, 5%
.
2
2-
1
&
Mcadville Telephone
25c
(quar.)
common
Elgin National Watch Co.
1
2-16
2-
40c
(increased)
Chicago Mill & Lumber Co.
Fibreboard
Deerfield
Eaton
1
■■
3V2s,
42'
1
Corp
Corporation
50c
.
$5 pfd. ctfs. of beneficial interest
1965———
refunding mortgage 41/is,
Connecticut
1970—Feb
Macoil
41c
Copper
Co
Dwight Manufacturing Co.
Co.—
mortgage
Western Indiana
&
Cleveland
1st
4s,
mortgage
3VaS, due
2
1-20
$1.12 y2
Duquesne
PARTIAL REDEMPTION
$1.75
.
quar.)
RR. (quar.)
88c
(initial»7c
Nashville
Louisville
Macco
2-
75c
Dominion
Coal, Iron & RR. Co.—
General
(quar.)
i
;.
'2-19
$1
Trust
Pasco
$3 debenture
50
22
—-
Extra
1-15
2-16
1-20
,
Utilities
1-26
1-31
40c
,
held)
1
75c
Caterpillar
Dennison
Jan
1958—
2-15
50c
Cos., Ltd. (quar.)
Utilities, Ltd., 5% pfd.
Carpenter Paper Co., common
5%
151
9
1-23
__
Pennsylvania..
'
(%s of a share of common
share
1
$5c
Oil
Cuban
3
Jan 27
1949__Mar 1
Works
(Inc.), preferred stock-——Feb
Poll-New England Theatres. Inc.—
1st
Page
\ 2- 6
(quar.)
com.
of
3-
$5c
;
Canadian
Consolidated
Company and Issue—
2-15
1
/*
Ltd.—
Fund,
Columbian Carbon Co.
NOTICE
1-12
30c
City of New York Insurance (s-a)
preferred
including
2-16
1-15
25c
,
Cbiksan Company
list of corporate bonds, notes,
a
56'Ac
Co.,
State
2-
(quar.)
Cleveland Electric Illuminating
be found
1-24
2-
i
(quar.)
Champion Paper & Fibre,
Below will
1
4.80%
Extra
Notices
2-16
2-16
2- 2
15c
$1
(liquidating)
Sugar Estate
Chain Store Real Estate Trust (Mass.)
Redemption Calls and Sinking Fund
3-
25c
(quar.)
Co
Chain Belt Co.
19,372
62'/2c
$1.50
20c
$$3.50
Cerro
__.
2-14
California Water & Telephone Co.—
Canadian
2,056
1-22
1
5c
,1
215
65
1-15
common.
preferred
20c
(quar.)
Special shares (quar.)
Demand
2
3-
25c
___
Co
$1 preferred
—
2- 2
25c
_
;.
Burroughs Adding Machine
Calamba
Liabilities—
$62 '/2c
—
/
Bueil Die & Machine Co.
598
+
75c
___
(quar.)
common
(quar.)_
2,920
—
845
with
Balances
B
28
+
12,726
'
(quar.)
(quar.)
Common
49
r—
Cash in vault
(quar.):
_
Byers
29,398
2-
2-14
j
15c
4% preferred (quar.)
Broadway Department Stores (Los Angeles)—
+
4.271
8c
50
i_
;
(quar.)
common
Fisheries Corp.,
1,277
—
:
657
4
$1.06 'A
—
Corp., Ltd., 5% pfd.
(Sidney) Co. (quar.)
+
3,387
!
bonds
Federal Reserve
preferred
Ribbon
501
/ 2,826
Other securities
30
38
+
—
2,031
indebtedness
certificates of
with
+
144
notes
Reserve
—
3,427
Treasury
S.
23
banks
Treasury
U.
—
3,472
loans
Treasury
342
353
obligations
,
(quar.)
(Phila.),
Common
501
Government
12 '/2e
:•
2- 1
'
Booth
obligations
(quar.)—
Company (quar.)
Blumenthal
pur-
Other loans for purchasing or carrying:
U. S.
Corp.
Best &
$1.18%.
(quar.)
common
1-15
3-
/•40c
(quar.).—
2-14
Z
2-2
$1.13
(quar.)—
preferred
Blaumer's
/
__
Shoe Corp., common
preferred
1.156
,
.
securities
Other
Other
(A. S.)
$3
14,645
brokers
to
chasing
+
agricultural
and
loans
Loans
326
+
23,229
—
Industrial,
Commercial
•!.,
Beck
:8c
(quar.)
30c
60c
(quar.)____
2-14
.'
$1
—
.i-'.V
>31'Ac
pfd.
(quar.$1.12Mt
Corp.
(quar.)
22'/2c' +
40c
3-15
Investors Stock Fund (irreg.)14c
2-20
Kable Brothers Co.
(qudr.)_
15c
1-28
Kingan & Co., 4% preferred (quar.)__.______
: > $1
2- 2
Kings County Trust Co. (Brooklyn) (quar.)_
$20
2- 2
Kokomo Water Works, 6%
pfd. (quar.)
.>•/.•> $1.50 : 2- 2
Kresge (S. S.l (quar.)
50c ' 1 3-11
Kroger Company, common (quar.)__ti___.__ /
v 60c
3- 1
■f
6r/c 1st preferred (quar.$1.50;4- 16% 1st preferred (quar.)___^__-______i_5.»,:'.
"$1.50 T) 7- 1
69k 1st preferred (quar.)'______^;.L_j.;____ : V+ $1.50
10-1?
7#- 2nd preferred (quar.):
$1.75
2- 2
l(,'c 2nd preferred (quar.)
$1.75
5- 1
7% 2nd preferred (quar.i____Z__^^_____u_; / $1.75.'
8- 2
/
7',/ 2nd preferred
$1.75 /11- 1
Lazarus (F. & R.) & Co.-___^r.^—■:/-93%c. .
1-25
Legar Co., Ltd., 6% preferred (aCeum/_ii__' /'/i t$2Z2-16
Leltch Gold Mines, Ltd. (quar.)
y'Z
$2c
2-16
Lincoln Printing Co.,' common (irreg.50c
2- 2
/+S3.50 preferred (quar.)__
•/: 87'/2c!
2- 2
Loew's Boston Theatres (quar.i
15c
2- 1
•"■1-20
2
5
x
1-21
Intertype Corp.
2-18
2-
1-
(s-a)
(quar.)
International Harvester Co., 7% pfd.
Interchemical. Corp., com.
(increased
2-18
2-
2-13
'•'/
—
8c
RR.
each
2-13
1
1-12
75c
(quar.)
Stock d.vidend
1 2-13
2-16
3- 1
conv.
the
1
2-
2-13
;
3- 1
3-
25c
(quar.)Z_.______.__i________
of
6
2-19
>;Vy
International Business Machines—
2-10
3-11
25c
common
preferred
Beneficial
Investments—total-
and
'Z
(N. Y.)
Refrigerator
Co.
2-
3-. 1
'
/y 50c
& Co.,
A.)
preferred
for
25c
$5
Co.
1-31
3- 1
(accum.).
Co.
preferred
Hussmann
6
25c
(quar.)__
Co., 5% pfd; / (quar.)
Equipment Corp. (quar.).
i_
(Geo.
Insurance
3-15
2-
'2-28
$1.75
—_
—
Power
Asbestos Mfg.
1
5
62 V2 c
quar.)
Trap Co. of America, com.
preferred
Arizona
6rk
1-30
1
43-
50c
—_
(initial
Co.
E.)
1-16
3-10
2-15
50c
(extra 1
insurance
Hormel
Holdert
$1.50
(accum.)
(accum.)— :___
American-Marietta
3-
25c
t$2
f
(quar.)_:
Inc.
Laboratories,
(Chas.
Home
Payable of Rec.
$12c
(quar.)_—
Agnew-Surpass Shoe Stores, Ltd.
4'/4%
Assets—
Loans
37y2c
75c \
(quar.)
...
International
When
Share
Aluminium, Ltd.
Bell & Howell Co.,
(In millions of dollars!
(quar.).'
(quar.).____
Holly Stores. Inc., 5%
this
announced
Per
4%%
' * Jan. 8,
B
4V2 %
Name of Company
$4.50
;
pfd.
6%
...
1st preferred
Hires
Common.
:
■
.
"
v
:
/
-
'
«
Co.,
2-19
class A
(increased).
Co.
Instrument
Extra
'
member banks follows:
Paper
common......
"A"
Hancock Oil Co. of California,
;
dividends
The
;
Atlantic
A
Ltd.
Co..
debentures
Hammond
*
;
Coal
Hammermill
are
declared.
•
,
2-16
Bay & Western RR.,
Income
grouped in two separate tables. In the
first we bring together all the dividends announced the
current week. Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid. Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
Dividends
Animal
trict, $26,000,000 in New York City, and $91,000,000 at
all reporting member banks//
;
$50
West
6?c
_
Borrowings increased $32,000,000 in the Chicago Dis- ;
140c
$5
Great
Green
DIVIDENDS
ings of Treasury certificates of indebtedness increased
$49,000,OOO.v Holdings of Treasury notes decreased $28,000,000. Holdings of United States Government bonds
decreased $59,000,000 in New York City and $107,000,000
at all reporting member banks.-/
.•v: •"iVi.C—'C*
decreased $227,000,000.
1-16
50c
(year-end)
Havana Electric & Utilities Co.—
Holdings of Treasury bills increased in nearly all dis¬
$42,000,000 in the Minneapolis District and $65,000,000
at all reporting member banks, and increased $38,000 000
in the Richmond District and $37,000,000 in. the San
Francisco District.. United States Govern*iient deposits
1-16
1-26
1-26
2-15
2-16
B
(quar.)
Extra
tricts, the principal increases being $316,000,000 in New
York City and $86,000,000 in the Chicago District. Hold¬
Chicago District, $54,000,000 in the Kansas City District,
1-31
Hathaway Mfg.
securities decreased $36,000,000.
adjusted decreased $92,000,000 in the
t50c
50c
preference
Class
,
conv.
issue.
dealers for purchasing
Demand deposits
2- 2
3- 1
47
1961
3%%
♦Announcement in this
reporting member banks. Loans to brokers
or carrying other securities
decreased $33,000,000 in New York City and $50,000,000
at all reporting member banks.
Other loans for pur-,,
chasing or carrying United States Government and other
1-19
15c
37'/2c
A'/'o
000,000 at all
and
Payable of Rac,
Share
»
Co., common
69c preferred (quar.)
Goodyear Tire & Rubber Co. of Canada, Ltd.—
Electric
&
-
Gorham, Inc., class A (year-end)
bonds
f.
s.
mtge. 5%
Gas
Company
(H. C.)
...
Light, Heat & Power Co.—
Purchase money 4%
bonds, due 1949
Anytime
Randall Co., $2 cumulative participating class A stock.Feb
2
Telluride Power Co., 1st and ref. mtge. &s, due 1957—-Feb 17
$13,000,000.
Name of
Corp.—
ref.
7%
25-year
Commercial,
creased
(closed)
Service
Metropolitan
New
153
Holieri
When
Per
Page
1
1960—.Apr
bonds, due
Godman
mortgage s. f. bonds,
1st lien &
balances with Federal Reserve Banks,
Ry., inc. mtge.
Co., Ltd.—
Oregon Power Co.—
1st
Indiana
ended Jan. 7: An increase of
Lake
Power
general
4>/4%
principal changes for the week
$501,000,000 in holdings of
decrease of $412,000,000 in reserve
following
Lakes
California
statement of weekly
The condition
Salt
&
Denver
Great
Monday, January 19, 1948
5'/2% conv. pfd.
(initial)
.
2
2-27
1-30
1-26
3-10'
1-
5.
12-31
Standard O'.l Shares, class A——
29c
1-15
,Tung-Sol Lamp Works, common (resumed)__
80c preference (irreg.)
—_
10c
2-16
1-30-
20c
2-16
1-30
17'/2c
4- 2
3-10
v $1.50
2-16
1-30'
Union
Asbestos
United Stores,
&
$6
Rubber
(quar.)—
preferred
(quar.)---——
Volume -167
Number ,4665
THE COMMERCIAL :
& i FINANCIAL I CHRONICLE
(289)
-
45
'
■'
•
Name of Company
iUnitcd
Util.
'*
per
Share
1'
.
When
Holdert
Specialty Corp., com. (quar.)
10c2-10
j.Preferrfed (quar.) j.'-.tj,
:,.;12Vac
2-1
Universal Pictures, 4V4% pfd.(quar.)-c—i—
$1.06 V4
3- 1
/Van Sciver, 5% prcfererd A
(quar.)__^_.^;j.i.,
$1.25
1-15
,,;-v5.% preferred B (quar.|.„__;_-—V, - 26c
1-15
iWqlker; (Hiram),iGooderham
(Quarterly
&
Weill
(Raphael)':&
/.Extra
$37VaC
preferred.:-.--:
■
2-
3
Manufacturing Co.
Electric Co.,
/Class
;
."1
(initial)-^
2-
'West Point Mfg, Co. (irreg,)
Westminster Paper Co., Ltd.
,75c
1-15
1t15
2-
2
1-
White's .Auto Stores'... 2-15
Wilson/& Company,:
,.v. ^250- c i ^-. l.
$4.25 preferred (quar.)_n_—__-/u:..;—i
$1.06'4 V't4- 1
^Wisconsin:Public Service,
Woolworth
(P. W.)
Co.
5%
(quar.)
(A.
M.)
Co.,
California
Electric
Power,
2-10
Camden
3-
1
2-10
Canada
Northern
';5c
2-
1
1t14
Canada
Southern
Below
.
we
dends
announced
Ry.
Name of Company
Adams-Millis
Affiliated
Air
Corp.
1—
A
•
4%
Co.
of
75c
Canada, Ltd.—
(quar.),,,
preferred
<12-30
12-22
12-22
2-
15c'
:
:
(quar.),
common
1-26
2
1-20-48
3-
1
Amalgamated Sugar, 5%
Amerada
■
'
,
Petroleum
preferred
Corp.
1-31
■
■
2-
Ltd.
4
.
_
2-
12VaC
(quar,)__
(quar.)_w_-,—-
50c
Extra
:
25c
.American
Book
American
Can
Co.
Co.
(increased
(quar.),
American
Distilling
American
Encaustic
Co.
-i
-
:V
1-17
6%
1-15
Central
A
1-30
2-
si)
1-19
.
,
class A
&
Light,
50c
(quar.)
(inita.il—-,...
12
1-28
1-17
V2c
2-11
1-30
4%
American
4'/a%
Fork
&
American
300
Corp.
(special),
Products
Home
4-15
?:! 3-31
1-27
12-26
Com.
dividend).
5c
—
2-
10c
Light & Traction—
(stock
3-15
(monthly)
American
.
2-
$1.12Va
(quar.)—•
General
2
1-22
6%
stock ior
2
5%
preferred
American
American
2-
(quar.).—,
Co.,
37^c -I;
2-
2
1-15
10c
4-
5
3-22
7-
2
common,...:
Common
(stock
dividend)
20%
.
.American' Safety 'Razor(quar
,
American Stove Co.^
American
■
;
5%
1
6-22
preferred
American
40c
(quar.).^'
Lead & Smelting,
Zinc
25c
2-15
1-31
1-16
2-
9
$4
2-
2
2-
2
convertible
$1.25
10c
common
Amoskeag Co.,
,
,
x,
$4.50
prior preferred
Anchor
Post
(quar,)—,
-4-
,12- 2
2-
v^:
12-11
preferred
.Appalachian
4>/2%
Constable
8
$1.50
1-31-48
,,'<1-23
2-
1-9
Co.—
2
1-30
1-
$1.12'/2
2-
2
"■
I15c
3-
1
6%
preferred
4-
1
2-27
6%
preferred
2-
2
2-
2
3-
1
? 1-31
7Vfec
2-2-48
'i1'• i"75c
1-19
15c
1-23
—
—
1-25
-
1-
5
Steels,
$22 V2c
—
2-
com.,,,:
3-
12-30
;v,v $1
2-
(quar.),
A
(quar.)
1-
(quar.)
2-
2
$3
2-
1-
2-
2
-
5
National
2-
12-31
1
1-10
4-15
3-18
7-15
6-17
Common
1-19
1-
2
4%
convertible
1-20
1-
9
4%
convertible preferred
(quar.),,
:•
1-16
2-
2
1-15
'30c
2-
v
56V4C
2-
2-
1-20
1-26
1-15
17 y2 c
(quar.)
share of
additional
1-20
;•
stock for each four
Bangor. Hydro-Electric,
Bareco
Oil
Bathurst
Co.
Paper, Ltd.,
(quar.)___
4oc
cl.
A
$37'/2c
(quar.)
3-
1
2-
..i.,,!;
35c
,10c
;
Ltd.
(s-a)
6-30
1-
9
Enamel
1-
9
Esmond
1-31
1-12
Eureka Pipe Line
1-31
1-12
Falstaff
1-10
1-
1-31
1-20
2-
1-10
2
5
3-
1
Co.
30c
tFoods,
Inc.
r
(irreg.)
Co.
Bon Ami
Year-end
:
_i_,
'!
2
1-15
2-
2'
2
3 V2 %
2
15c
1-20
12-20
1-20
12-20
2-1
1-
2-
1-10
1
8
25c
4-15
36-
9
35c
2-16
1-15
6%
Foundation
7-17
Franklin
in
cash
Fraser
3-
1
2-14
6-
1
5-15
$1.25
9-
1
stock)
25c
2-21
2-
1
Louis Ry
2-16
2-
2
1-
5
2-
2
1-
5
1-16
$1.25
1-31
1-16
V
2-
1-16
'
20c
1
(quar.)
com.
20c
3-
1
2-16
4-
1
•
50C
2-14
3-31
1-31 f;
#1-10
$25c
1-31
1-22
1- 6
2-14
1-31
1-12
35c
Ltd
$4c
2
2-15
2-
stock
2
1-15
General Tire & Rubber Co.
1
1-
5
Genesee
1
1-
5
1
2-16
1
3-20
1-
.
>
5%
preferred
of Canada, Ltd.—
(quar.)__
2
1-20
50c
2-
2
1-20
$1.25
(quar.),
(quar.)
2-
2
1-20
$1.25
(year-end)
2-
2
2-
2
deposit
rets,
4 9/lOc
1-29
$1.75
7-
1
7%
(quar.)
$1.75
9-30
9-17
(quar.)
$1.25
4-' 1
3-17
(initial)
25c
1-20
1-
25c
2-
1-28
9
1-12
3-20
$12 V2C
2-44
1-31
2-
1-15
2
1t15-48
1-12
3-
1-
9
2
common,,
3V2% preferred (quar.)
Davidson Bros., Inc. (auar.)„
Delaware
Denver
Power
&
Detroit
Gasket
&
Yard
50c
(quar.)
60c
Mfg
12 Vac
7
Detroit
De
2-2-48
1
12-15
1-15
Dictograph
Tunnel
2
1-15
1-
1-10
3
;
Products
Corp.
Co.
(irreg.)
Mfg.
Corp.
Mines,
(irreg.)
(quar.)
2c
Ltd
$$1.50
2K 1
1-16
Dome
$$1.25
1-31
1-13
Dominion Coal Co., Ltd. 6%
15c
1-30
1-30
2-
2
2-16
a
1-10
1-20
1-10
1-15
2-
$25c
pfd.
15c
(accum,)
$37c
1-30
1-30
1-31
common
(quar.)
common
12-31
2
12-31
2-16
3-
1-15
1
2-17
1-31
1-17
2-16
1-16
2-
2
1-12
1-30
1-20
4-
1
3-15
7-
1
6-15
1
3-15
4-
7-1
5-30
5-26
2-16
2-
62'/2c
(quar.)
,
1-23
2-
2
6-15
'
2
12-22
1-
2
50c
1-26
1-10
$1.12 Va
1-26
1-10
1-
25C
(quar.)
2-
2
1-20
40c
com.
1-15
20c
2-
2
1-15
7
Harbor
Hat
common
Corp.,
Co.
1-19
1-29
1-19
2-
1
1-15
3-
1
2
1-31
<6-
1
5-
9-
1
7-31
2-
2
1-26
25C
(quar.)
3-10
2-25
$1.50 1-20-48
new
Light
com.
(initial)
1
1-
6
20c
2-
1
1-10
68%C
(quar.)
(quar.)
Corp.
Powder
:
2-
2
1-15
Products, common (quar.)
preferred A
convertible
;
common
preferred
(quar.)
(quar.)—
Extra
—1
(special)
Hibbard-Spencer-Bartlett & Co.—
Monthly
;
2
1-31
1-
8
1-31
1-
8
$1.25
2-14
2-3
8c
(quar.),
1
2-
93 %c
preferred
2-
15c
(quar.)
(quar.)
Co., 5%
$1.12 Ml
40c
(resumed)
common
preferred
Extra
1-29
50c
2-
50c
(quar.)
(quar.)
Hershey Chocolate,
$1
1-30
of America
Hercules Steel
7%
2-16
Refractories—
.
Company,
3%%
1-15
56V»c
$25c
preferred
Hercules
1-25
$25c
Electric
Corp.
4 V2 %
2-16
2-24
$25c
Plywood
Hartford
2-16
3-15
50c
(quar.).
3-15
$1
.
$1
$1.25
12-30
1-16
12-31
2
$1.25
2
12-29
2
2-
50c
Hewitt-Robins, Inc.
Dominguez Oil Fields (monthly)
2-
25c
Instrument
Hecht
1-15-48
2-
25c
(quar.)
preferred
1-12
V". 1-20
2
15c
(s-a)
quar.
6%
1-26
1-
2-
15c
Harbison-Walker
Hayes Mfg.
25c
30c
Inc.
•Hammond
1-10
1-10*
15c
(quar.)
//
2-14
1-10*
5
2-18
,2-16
.
$1
(quar.)
Quarterly
Quarterly
Brothers,
i-
1-20
1-
3-12
15c
Co
Halle
1
1-20
8
2-2-48
V
$$1.25
(extra)
&
1-26
$4
(s-a)
9*
1-
2-2-48,
$20c
(s-a)
preferred
3-
2
1-10
1-
$1.50
■
preferred
1-31
,'
20c
Co.
Dividend Shares,
Dodge
2-
12-19
2
2
62Vac
(quar.),,,.
Co, preferred
Safety Razor,
(quar.)
Brothers, Inc.,
Increased
5
1-20
1-26
2-
20c
(quar.)
Griess-Pfleger Tanning Co.. (Increased)
Gypsum Lime & Alabastine of Canada, Ltd.—
3-18
20c
River
Vilbiss
Divco
2-
i";
1-26
25c
Co.
3-18
1-31
30c
Extra
1-
1-29
10c
Detroit-Michigan Stoye (quar.)
2-25
2-14
10c
Light,
Union Stock
2
87 Vac
Day Mines, Inc. (initial)
Dayton Rubber Co., common,,,
Class A (quar.)
!
Co.
5
2
50c
Cv /6-18
preferred
1-15
A.)
1-
1-16
.1-
2-
25c
3-15
;
1-12
com.
common
Knight Co
Grayson-Robinson Stores, $2.25 pfd.
Green
(II. L.) Co. (quar.)
12-30
3-31
$2,
2
87 Vac
preferred
Graton
for
(interim)
Crum. & Forster, .8% preferred (quar.)
Cuban American
Sugar, common (irreg.)
preferred
V"$5
$5
5
2-
1-30
(quar.)
(S.
Grand Union
1-
A
Gladding McBean & Co
Globe-Union, Inc. (quar.),;
Gotham Hosiery Co. (quar.)
Goodyear Tire & Rubber Co.,
1-20
1-26
1
2
2-
1-15
37 Vac
(quar.)
Gimbel
1-20
70c
90c
new
B
B
$4.50
(quar.)
1-28
$$1.75
2-
preferred
1-
$15C
3-19
50c
5%
Class
Gillette
;
(Boston)—
___^
7%
1-30
;;$%
3-31
2
:50c
•
3-
22-
40c
(quar.),,
1-15
1
15c
Brewing class
(quar.)
Gerrard
2-20
3-19
75c
(quar.),
1
3-31
1-
British Rubber Co.
^
$1
2-
25c
(quar.)
Class
•
6
25c
1-31
$1.06 Vi
A
Gilchrist
(quar.)
1-15
1-15
$1
2-
Class
1-15
1
$1.50
2-
2
2-
15c
holder's option
Corp.
Wares, Ltd., com.
preferred
1
$1.37 V2
Va
2-
2-
2-
1-31
$1.50
50c
3-
1-12
12-31
•,
47 Vac
5%
1-12
1-19
1-24
12VaC
(quar.)
Service—
18 %c
4-
6-15
12-31
93 %c
1-15
10c
1
1-22
1-19
55c
at
Shoe
Steel
2
12 Vac
(quar.)
(quar.)
2-2
$1.50
7-
$12 VaC
$12V2c
$$1.12 Va
$$1.12'/a
Public Utilities Corp.
General
1-15
,$1.25
(quar.),.
3-15
$1.25
37'/2c
pfd. (quar.),,
(quar.)
1
i
;
(quar.)
Shareholdings Corp.—
$6 preferred (opt. dividend series) (quar.)
Cash or 44/1000 of a share of common
1-15
2
2-
4-
General
.
General
37 V2c
(quar.)
pfd.
$1.06 V*
1-15
2-16
•
preferred (quar.)
$5.50 preferred (quar.)
$4 preferred (quar.)
General
1-15
1
10c
$6
Co.—
(quar.)„:
Public
1-15
1
2-
$50c
Advertising,
preferred
1
2-
15c
Corp.—
(quar.).
Outdoor
2-
$35C
(quar.)
(quar.)
(quar.)
preferred
General
1-10
10c
Motors
$3.75
5
37 Vac
(quar.)
Canada
(quar.)
preferred
General
6%
$25c
(quar.)
Stores
of
Ltd.
$5 preferred
3-10
.3-15
37V2C
Co., common
Corp., common
General Electric
Co.; (quar.),.
General Foods Corp. $3.50 pfd.
General Mills, Inc.
(quar.)
1-20
87 V2C
1-15
3-31
12 Vac
Baking
■
1-31
1-19
15c
__x_
1
Cos.,
General
1-
15c
common.
(quar.),,
Cable
3-16
1-19
1-20
37 VaC
(quar.)
Corp.
General
1-31
2-
Sugar,
Co.
General
—
1-30
$25c
Co., 5% conv. preferred (auar.)
General American Transportation
Corp.—
$4.25 series A preferred (Initial quar.)
2-10
30c
1-19
1-30
$1
Gabriel
$1.75
$5
American
Co.
Stores
$2.20
1-21
1-30
$1
5% pfd. (initial)
Corp., new com. (initial)
1--31
$1
(A. J.), Ltd., common (quar.)
4V2% preferred (quar.)
Froedtert Grain & Malting, common
8-14
1-20
preferred
Atlantic
>1-21
,
Freiman
or
reg.
Cuban
1-31
1.06 V4
$1.06l/4
(quar.)
;
Extra
<
$1.25
$1.25
:
2-15
Cunningham Drug
Cuneo Press, Inc.,
1-16
50c
Rubber
prior preferred
1-17
1
2^16
1-16
1-29
Foster-Wheeler Corp.—
6% prior preferred (quar.)
1
1
1-15
7-15
20c
Stores—
preferred
Kleiser
8-
1
ln20
1
3-16
25c
2-
4-
2
4-15
8-
(quar.),
Gear & Machine Corp.,
$2
4-
Columbia Pulp & Paper, Ltd.-r-
Columbia Telephone Co.—
2nd preferred (quar,) _x___i_;
ord
1-15
1
Ltd.,
Machinery
Foster
1-31
Ltd.,
1
5-
87 VaC
&
Bissell,
$2
50c
Ltd.—-■
1
Courtauld's
1
2-
Extra
Co.—
Exchange .Bank Trust Co. (N. Y.) (quar.)
Products Refining Co.—
Common
Corp.
Tire
Convertible
9
7-15
$1.75
2-2
93%c
Corn
4-
preferred
Fleury
Food
>
9
12-30
50c
Department
Firestone
1-22
50c
First Boston Corp., common
Class A
1-
(quar.),.
2-25
140c
Corn
6c
8
1-19
1-
(Syracuse)—
(quar.)
(increased quar.)
convertible preferred
2-
2
7%. preferred
.
yv'.v'.'i-. •"
(year-end)
7%:1preferencc (accum.)
6%
4-
12-29
prior
Ins.
1-
1-22
50c
2-
87V2C
-J.
preferred
5%
Life
Inc.
3-19
'2-16
2
12-31
$2.50
Park,
Quarterly
1
40c
1
2-
100%
Quarterly
Fashion
4V»%
2-
50c
Traders
•4-
15c
(quar.)
5%
&
Federated
1-15
2
15c
Columbia Forest Products,
Initial
1-23
16c
50c
Celanese, Ltd.—
American deposit receipts
4-23
2-
:60c
British
„
40c
62 'Ac
Bearing,.
Bowes Co., Ltd., class A
(quar.)
Brarttford Roofing Co.,; Ltd. (s-a
Bristol-Myers/Co. 3%% partic. pfd.; (quar.)
.
1-16
1-30
Roller
British
2
56V4C
Special:
,
1-15'
2-
(quar.)
(quar.)—
Fund, Inc. (quar.),
r
1-28
50c
50c
(quar,)
Boston Edison Co.
9
.4-16
25c
;
•.:•Class■ B
1-
1-15
2
50c
(quar.),
Bros.
Co., Class A
'
2-
$1
Electric
Bloomingdale
.
1-28
50C
Blair <fe Company!
Bliss; (E. W.); - (quar.)
British
1-20
20c
(quar.)
V..-
Corp.,
Farmers
1-31
$25c
Corp. (stock dividend),
class A (irreg.)
,
1-15
51c
Extra
.
2-16
1-15 !
$50c
—
Brewing
CO
1
Electric
preferred
Heating Products, Ltd. (irreg.)
Mills, Ltd., 5% pfd. (quar.)
Quarterly
Feaders-Quigan
to
preferred
&
Foote Bros.
preferred, Class B
Common
1-15
3-15
1-31-48
prior
3-31
1-31
preferred
Copley Square Trust Co.
3
1-15
1-30
$3
40c
Birtman
f,
1-30
$10c
,
Benson-4 Hedged, Inc..^common (resumed)
$2 convertible preferred (quar. )_<.__
British
$3
12-31
1-31
10c
Railroad
$5
2-20
1-25
4-26
12-31
(quar.),
Dearborn Corp. ,(quar.).
Connecticut Light & Power, $2 pfd.
(quar.),
$1.90 preferred (quar.)
1-15
$6 preferred (s-a)
Industrial Loan Corp.
(year-end)
Watch
Bower
2
2
Extra
Boston
1-
2-
Corp.,
Beneficial
Best
1-20
1-
3-15
$1
$1
i
7-26
(quar.)
Container Corp. of America—
4%
preferred (quar.)
*
Cooper-Bessemer Corp., common
1-17
(quar.)
$11;1-25-49
30c
Consolidated
:
-
Belleterre Quebec Mines,
Beneficial
Benrus
(quar.)
1-26
10c
&
Corp.
\ Extra
common
25%
(quar.)
Power
.Baystate
shares held)
25c
preferred
$1
,
common
Equipment-
(resumed)
54V»C
(quar.)
Co.
1-17
1-31
12—31
(quar.)
30c
Consolidated Edison
1-31
;
(quar.),,
3iy4c
Elevator
112-31
convertible
,
common
(payable
Stone
12-31
1-20
convertible preferred
$1"
(quar.)
Connecticut River Power, 6%
Connohio Inc., 40s preferred
1-15
&
1-20
4%
20c
partic.
Derrick
Emsco
1-20
25 c
(quar.),,,
1-15
25c
A
1-15
4%
_
Consolidated Chemical Industries, Inc.—
$1 partic. preferred, Class A (quar.)
:k 1-20
2-
*''50c
Battery
(cash dividend)
dividend "(one
'
'
(quar.)i-(year-end)
Rubber Co.
Stock
(quar.)
Employers Group Associates
1
1-30
20c
class
preferred
$1.12 Va
__
Columbia Pictures.Corp., $4.25 pfd.
Commonwealth Edison Co. (quar.)
Commonwealth International
$1
preference (auar.)
Corp., $2.25 preferred
Baihmann
Baldwin
2
2-10
V
&
2-
20c
13c
,
convertible
1-15
$1.12 Va
:
1-20
Electric
&
7-15
1-15
1.
1-10
(quar.)
com.
Corp.—
preferred
(quar.)
Milling &
2
2-
$30c
(quar.)
Sand
8-
2-7
30c
25c
Empire Millwork Corp
Employees Credit Corp.,
Famise
Corp.,
1-19
$1
$25C
.
;
,
'.
1-5
2-
62 V2 C
pfd.
Ltd..,,—
A
4-15
2
!
Common
1
$$1
(quar.)
Common
Co.
5-
30c
share of common
a
Columbia Gas
$1
prior
Mfg.
of
1-15
2-
_
1st preferred, (qualr.)
Stores Co. com. (quar.)
Colorado
6
93 %c
5Vipreference (quar.),,$$1.37.Va
Co., Inc.— - '
Avco
2-
2
$1.50
(interim)
Products
5
25c
Utilities
Colonial
1-30
2-
AustinrNichols
Conv.
1-
1-
2
1
2-
37V2C
..
(interim)_____
Preferrence (interim)
i_:
1-15
$1.50
$2.50
Ault & Wiborg Proprietary, Ltd.—
.
2-
1
9-
$1.50
(accum.)
6-
9-15
$4
Co., common
preferred (quar.)
Ltd.
1
6-15
$1.50
25c
1-16
2
B
Theatres,
3-
2-18
__
polllngwood Terminals, Ltd.—
1-13
preferred
1-14
3-15
25c
Common
B ^(quar.)__—
Corp. (quar.)
Atlas ;Powder ;Co.,' 4% conv.
6%
Eastern
Ekco
12-29
$1.50
—
(accum.)
(quar).
B
12-30
1-25
37 V2c
_
_
Colgate-Palmolive-Peet Co.,
$3.50 preferred (quar.)
■
Atlas/Plywood
.Atlas
9
B
1-12
2-2
$20c
_
^Monthly
Monthly
-
preferred
9
1-
1-31
2-
1-15
50c
(monthly)
1-31
*$1,12y2
;(extrau—
convertible
1-
12-30
2
2
30c
(quar.)
(quar.)
12-26
2-
2-
25c
(quar.)
2
_
(s-a)
5% .preferred (quar.),,
Clinton Industries
1-6
A
$40c
Cleveland, Cincinnati, Chicago & St.
V
5
'
(quar.)^______
3.73% A preferred
1%
City
Class
non-cum.
4%
■
:
preferred
2-
1-31
12-31
Ry.—
1st
A
9
1
$1.50
Street
A
1-
2-
170
(quar.)
Co, (quar.),—
(Increased quar.),,,,,
preferred
1-15
1-20
$25c
17c
Coast
preferred
.
3/100ths
1-16
tlOc
pfd. (s-a)_,i.__
Atlantic City Electric. 4% preferred
Atlantic .'Refining Co. ' :
:
Massachusetts
Supply Co.
1st
(quar.)
Citizens
1-21
50c
tse'Ac
Equipment Corp. (quar.)
Associated Telephone Co., Ltd.—
4'/?%
preferred
tquar.)
'..Atchison Topeka & Santa Fe Ry.
5%
V 1-
'
Corp. Ltd. com. (quar.)
4V2% conv. preference (quar.)
/.Arnold
i Aro
6-25
;
..Argus
:Argus. Inc., common
6-25
3
(s-a)
Electric Power
preferred
3
7-
-
(quar.)
Ltd.
Corp.
City of Paris Dry Goods—
prior preferred (quar.)——1
.Anderson Clayton Co. (quar.)
Anglo-Canadian Telephone Co.—
4Vb%
2
7-
:
■.>. 6%
Anglo-Huronian,
2-
75c
■
Eastern
$$1.75
4%
preferred
(s-a)
Cincinnati New Orleans & Texas Pacific
Ry.
5% .preferred .(quar.)
5%
preferred (quar.)
5% preferred (quar.)
1-19
2
$1.25
(s-al——
Products—
East
1-15
$22 V2c
_
(quar.)
V
5*
1-19
$2.25
(s-a)
common
preferred
1-15
1
(increased)
1-15
1
&
2-16
15c
Ltd.
1
85c
Cincinnati Inter-Terminal
4%
preferred (s-a)__,
1-19
Electric
Co.,
2-
'
J
$5
preferred
$$1.12 Ms
—
(extra)_!_
Paper
2-
(Texas)—
Mfg. Co.,
(quar.)
Cincinnati Gas &
12-29
—50c
Sugar Refining (year-end)
Viscose,-common
American
Master
Common
Rolling Mill Co.
Metals
Investment
convertible
Common
—
Ducommun
Drug Co.
6%
_
Chesapeake & Ohio Ry.
3 V2 %
convertible preferred
Chicago Corporation (quar.)
1-15 V
2
10c
Molasses
Common
shares held,
75
Store
Chef ford
-
Dow
Dryden
$1.25
Chase Candy Co. (increased
quar.)__
Chase National Bank (quar.),
1-14*
1-16
1-30
Products
prior preference
4V2%
1-15
1-15
•
3
1- 2
2- 2
4 Va %
_
_
1-
2-2-48
Power—
_
12-22
2-2-48
$20c
2
Corp.—
(quar.)
12-31
1-20
50c
_
(quar.)
Light Co.
&
preferred
Chain
2-28'
One share of Detroit
each
Power
41/2 %
;
'
Edison
York
1-30
$25c
$25c
6% .1st
preferred
Certain-teed
50c
_______
Hoe, common.
preferred
American
New
Central
.American Equitable Assurance Co. of N. Y.—
••ISemi-annual i_i—
Coke
$40c
(quar.)
12-31
_
&
12-31
(s-a)—.—,
$10c
(quar.)
(quar.),
2-2-48
(quar.)
1
2%
common
$$1.25
1-15
certificates
12-19
(initial)
(quar.)
Electric &-.Gas (s-a)
3.40%
B
&
1-31
(quar.)
12-31
Worsted, Ltd.
Donnacona Paper Co., 'Ltd.—
4Mi % conv. preferred (quar.)
80c
Ry.
2-2-48
(quar.)
class
trust
1-26
(initial)
& Ohio
common
__
Coal
Central
.
1-22*
voting
Woollens
2-
$10c
'5 Central Hudson Gas &
Electric,
1-15
2
2-16
Common
Dominion
$50c
'
1-15
$25c
(quar.)
2-
$18%c
quar.)
2
Chemical, Ltd—
2-14
$15c
(quar.)
(increased
preferred
75c
_■
Tiling
:
quar.)—
1
1-30
Central
7
12 Vac
(quar.)
Knitting Co., Ltd. (increased)
Extra
..
: ;
1-
1-24
2-
&
&
$50c
CI.
2-
(quar.)—
$10c
preferred
1-14
7
6%
...f,
Corp.,
;
7
7-
Eastern
_
75c
7-
Common
1-31
(final)
Products Corp.
Celtic
'
/ .Aluminum Goods Mig. .Co.. (extra)
7
7-24
7-24
Steel
$1.50
com.
pref.
Power
5%
■■■iV'.'..;
$25c
__
Co.,
Clinchfield
12-13
7
4-
1-31
(quar.)
Carolina
<.;._Celotex
4-
4-24
Securities Co., Ltd.—
Carolina
1-21
4-24
Railway—
Cardy Corp.,' Ltd.
..
Coal,
Dominion Tar
2-14
Common
1-20
1
& Linoleum
Dominion
7
2-14
(quar.)
Common
1-10
Dominion Oilcloth
7
62V2c
(s-a)
Vickers, Ltd., $7 pfd. (accum.)
1-16
Casco
.
Corp.,
non-cum.
Canadian
7
1-
75c
(quar,),—
1-15
2
—
1-
$16c
Pacific
2
1-20
n
12V2C
12V2C
Air-Way Electric Appliance Corp.—
- Increased
quarterly
Aluminum
25c
_
——
Terminals
2
2-
$37l/2c
com.
1-
62 V2C
Co., Ltd.
1-30
2-
$75c
(quar.)
$20c
(quar.)
Industries,
1-20
6c
(reduced)
Allied :Stores
2-
50c
preferred
$20c
Irregular.
>4%
5%
Malting Co., Ltd.,
$38c
(s-a)
Converters
Canadian
Payable of Rec.
Dominion
7
1-24
35c
(quar,)—
(increased quar.),
Ltd.
Canadian & Foreign
Holdert
1-
1-24
$1.75
pfd.
Co., common
preferred
Canadian
Canadian
When
Share
Co.,S Inc, (quar.)
Corp., common (reduced)—i:
Foods
Class
v'V#'V;^-r
Fund
Reduction
Airlines
Bronze
Canadian Investors
Per
1-24
$$1.25
Power
Breweries,
5%
previous
paid. The list does not include divi¬
this week, these being given in the
preceding table.
;
$3
Refrigerating &
Canadian
1-14
1
dividends announced in
the
give
2-
1
1-24
$$1
(quar.)
—_—____
California
1
10c
conv.
2-25
$20c
(quar.)
preference (quar.)
$25c
,_x,_—
com,
(quar.)
1st preferred (quar.)..
2nd partic. preferred (quar.),,—
Canadian
weeks and not yet
pfd.
3-
:—_
,
2nd
1-24
Holiere
$30c
1st .preference
$25c
(initial)
A
7%
'50c
■
6%
2-
When
Payable of Rec.
$25c
1-21
1-12
$25c
—.
—L_,
Packing, com.
S5%. preferred (quar.),,
(quar.)_,__.
Dominion
2
$25c
(quar.)
B
50c
'/.Extra
50c
——
1t15
(quar.)__„___„
Yuba Consolidated Gold Fields
.Extra
,/
f
A
-80c
"
Share
Bridge, Ltd. (quar.)—
Fabrics, Ltd., com. (quar.)
2-1
$250
$1.50
9'
1-21
Company
$25c
(quar.)
Caldwell Linen; Mills,
Ltd.,
3il5
>:Dominion
$25c
(quar.)_
2
'
quar.)—
(quar.)
-
(quar.)———
B
2-
pfd.;: (quar,$1.25
2-
$1
<
——_
/'Non-cum. preferred
1
2-
.
2
Byron Jackson :Co.
9
2-
.
A
Class
Byers
*
1-.16
1-31
2-
1—-—
Class
3-25.,. U- 3-12
.•(qirari>xaiii.^^^"i--;-. $20c
25c
(quar.)
.Class
-
2
2- -2
25c
'
Class
1
2414
•
(quar.)
(quar.)
Per
Name of
1-15
$25c
B
sV.Extra'
It 15
2-20
"
(increased
Ltd., class A
Co.,
1-31
Extra
1t15
(quar.•" 12 Vac
common
&
90c
$1.50
preferred
Holdert
Payable of Rea.
(quar.),,,.
(quar.)
Brothers
9
2- .2
Penn
preferred
Bunte
2413
.1-24
;,:v;.;V-r $9
.Extra
West
.6%
Bullock's, Inc., .4%
.i-._9
Westchester Fire Insurance
•'(quar.)30c•
..
,1-
>.V'.5o >,1-14
:^;: $3
1-24
Engineering Co.15C3-1
Wentworth
2-16
1-, 3
3-.15
73c
•
Coi r(annual) ^l.Ix^^.^;
,x»—
VWellman
Co.,..$3.60-preferred
Buckeye Steel Castings, common
1-23
When
8hare
Shoe
Burns
■
Petroleum Corp,,
Refining & Chemical
Warren
Name of Company
Brown
.2-. 3
Wovfsy>Ltd,-^\>-"
.
Warren
Per
Payable of Rec.
&
1-25
1-15
2-
1-24
35c
1
1-15
1-15
37 Vac
2-14
$1
2-14
1-24
$1
2-14
1-24
$1
1-20
12-30
aec
1-30-48
1-20
1-30
1-20
$1
1-24
46
(290)
THE COMMERCIAL
When
Per
Name of Company
Share
Holly
Development Co. (quar.)
Holly Sugar Corp. (quar.)__A
Home
Oil
Horder's,
Horn
&
Inc.
(quar.)
Co.
(Joseph)
2
1-15
National
Chemical
3-10
1-30
National
City
(quar.)_
1-17
National
Container, 4%%
2-
1-12
National
Distillers
1-23
1-31
National
$1
1-23
dividend
(two
additional
Howe
Oil
(quar.)
(irreg.)-
~20c
—
_
5%
preferred
Power
4%
B
(s-a)
(quar.)
—
2-
$25c
——
45c
(quar.)—..
Co., common
preferred
2-
2
12-30
5%
preferred
St,
9*
2-
1
1
1
7-22
10-30
2-
Class
10-20
.
National
Mallinson
1-15
National
Pressure
1-12
Scdtt
2-16
1-30
1-30
15c
4-
1
1
3-15
dividend)
4-
2-
2
1-
7
2-
2
1-
7
par)
18c
2-
1
1-10
National
—
Brownhoist
Industrial
2
12-23
2
1-15
N.
15c
2-
1
1-15
New
2-
2
1-15
16c
3-10
2-28
1-31
5%
1st
preferred
1-31
12-31 *
5%
1st
preferred
5%
2nd
(accum. )
•
(extra)
1
1-31
Nickel
of
2-19
Preferred
Jersey
B
Central
4%
4%
12c
•
3.80%
preferred
Kellogg Switchboard
8%
preferred
Kennedy's, Inc.,
•Kinney
1-15
7%
2-25*
.7 %
1-15
3-
1
2-25
2- -1
,1-25
60c
•
(quar.)_
& Supply
1-10
North
1-19
Northern
2-
1
1-
9
Northern
1-31
2-2
2
2-
2-
2
$1.3714
4
1
2-14
;•
30c'.
25c
>
—
.
12-31
Oliver
2-16
.Oliver
2-25
20c
34%c"
2-
I
10c
Outlet
22-
56 %c
2 '
12-
2
a
—
1-22*
(James)
3.85%
& Sons,
1-22
1-
2
(quar.)__
96 %c
2-
2
37 (4c
3714c
3-
1
2-
2-
2
1-20
1-31-48
.,12-31
—
Link-Belt
•
Lion
Co.
Match
(quar.)
—
Co
Miami
RR1—
8714c
..._a_
„
Class
A
Class
&
(quar.)
(M.)
(Del.)
/
5
2-23
15c
Penn
1-
1-21
6%
2-23
3-10
pfd.
Co.,
preferred
:
(irreg,)____,
(quar.)
Sons
Traffic
Year-end
—
Luzerne County Gas & Electric Corp.—
41/2 % preferred (quar.)
--
2-
1-30
4.40%
50c
—
2-14
2-14
2-14
1-30
3.8%
$1.06% X
2
1-31 -"!
Grain
Co., Ltd.,
(interim)—
Class B
Corp. (quar.)
"-McColl-Frontenac Oil
class A
2-
4%
Stores, Co.
tioc':-..
—
pfd.
75c
—
(quar.)
Mclntyre Porcupine Mines, Ltd.
McKales, Inc. (increased s-a)
McLellan
$15c
(quar.)
—
1-15
...,,
$$1
50c
(R. H.) & Co., 414% pfd. A
Madsen Red Lake Gold Mines, Ltd.
Marshall
Masco
Gardens,
Field
Screw
&
1st
preferred
Mercantile
Mercury
$4c
Co.,
Stores,
Mills,
Ltd.
1-31
2-
preferred
1-31
(quar.)
12-31
2-
2
$25c
3.35%
2-
1
$1.10
2-
2
1-20
«
'
1-15
Co.
($10 par)
Common
1
25c
$1
prior
preferred
(quar.)
$1
prior
preferred
(quar.)
$1
prior
preferred
Minneapolis-Moline
_j_
7-2/
2
,10- 2
1-
15c
5
1-26
1-16
1-31
1-15
1-15-48
12-22
i-l-30
1-15
1-26
12-31
„
1-31
12-31
1-15
,
•
,
,
Diablo
Oil,
(quar.)
Rice
Mining
;
Mills,
__
Ltd.
(quar.)
1-23
t
U 9
?- 1
2-
.
$1.25'
1
1-30
.
1-10
12-31
10c
1-20
90c
2-
1
2-16
41 %c
(quar.)
1-
1-15
1
2-13
2-16
1-30
7%
1-31
1-15
$25c
3-
1
2-
2
$62 %c
2-
2
1-
2-28
2-
1
$25c
2-25
$15c
•
-:
2
1-23
1-27
2-
30c
12-19
2-
Mountain States Power Co.,
5% preferred (quar.)
6%
2-12
1-15
U.
S.
50c
2-
2
1-20
2-
2
1-20
U.
4-
2
3-
U. S.
50c
2-
1
1-21
25c
2-
1
1-21
New
$25c
2-
1
1-15
Universal
52 %c
2-
1
1-16
(quar.)
& Engineering Co.-—
pfd. (quar.)
Rand, Inc. com. (cash dividend)-
preferred
(quar.)
,
?
Electric
conv.
1
.
preferred
'
1st
pfd!
(quar.)
Eteqjtric, 4(4
pfd. (quar.^^j.',, 5jB(4c,>„
JJathan, Straus-Dyparquet (increased qu&r.)rnr*:-:<25c
Extra u -"m
__^A__,L_^al_0Qa,«t),) ;.:65c
;i
j
i-i
Rolland
h.J
MM
.
\
?.A
joo,O( ;
Field,
RusS Building
Co.
$5
Mills,
—
1-31
2-
9
1-10
2-
87(4c
1-31
1
1-15
f38c
2-14
1-15
$25c
2-28
1-31
2-28
1-31
1-31
1-19
2-
1-13
15C )
2-
58 (4C
1
1
,
1-13
Distributors, Inc.
Co.,
2-
1-15
2-16
3-
1
53c
2-
2
1-15
53c
3-
1
2-16
50c
2-
2
1-15
60c
/
3-1
*
1-26
1-14
1-26
•
2-16.
50c
(s-a)
1-14
50c
62 (4c
1-30
-
50c
1-15
2-
1
1-15'
2-
$1.75
(initial)
common
2
58 %c
2
1-15*
Corp., 6%
pfd.
50c
(initial
common
Pictures
2-
2
Walton
(reduced)
Raalte
New
Co.
common
(stock
preferred
preferred
1-26
Ltd.
1
(accum.)
Detinning Co., 7% preferred (quar.)
Wagner Electric Corp. (extra)
*
Warren Brothers Co., class B
(quar.)
Washington Gas Light Co., common (quar.)
2-
1
1-15
15c
2-
2
1-22
2-
2
1-22
$4.50
preferred
1-24
1-10
$4.25
preferred
(quar.)—
$1.25
2-
2
1-15
1-19
1-12
7%
(quar.)
Power___^
$10c
2-
2
1-
13c
—
(quar.)_.__a
West
2-
2
1-12
$15c
;—
2-15
6%'" preferred, (accum.)J-
•'
25C
2-
1
2
2-15
' •'
90c,
2-
1-26
1-5
1-25
-1-10
2
Penn
$2.50
5%
pfd.
Western
5%
class
37 %c
8-' 2'
preferred
5%
preferred
2-
2\
1-10
1-15
;
37 (4 c
2-1
1-19
2-10
1-24
2-10' tu'ili-24
$1.50
2-16
v
,1-19
■
2-16"'
1-19
25c
:
2-
2
1-20
31 %c
2-
2
l-l5
(quar.)
quar.)
Stationery Corp.'!-* "
(quar.)
j12-31
Xi20% .12-31
$1
67 (4 c
$1.75
RR.,. common
A
.7-15
,
1-151
^
,L-fo %
35c
(accum.)
Western: Tablet.&
4-15
Co.—
(quar.)
Pacific
(quar.)_
(quar.)
A
.
1!
5-
$2.50
1-15
:
;' 1-15
u
$1.12(4
(quar.)
Electric, 6% preferred
preferred
2
j
2-2
1
$1.06%•
(quar.)
Western Insurance Securities
2-11
t
Vulcan
12-19
1-15
% 12-31
37(4c
"6% preferred (quar.)
Vulcan Corp. 4(4% pfd.
$1.50
1-30
50c
(4 c
1-15
1-23
•
37
1-19
i*:3- 1>
1';
3-' 1
50c
(quar.)
1-26
33c
1-21
'1-12
1-31
$2
dividend)—
(quar.)
(quar.).
50c
pfd.
1-10
2
2-
50%
cash
Virginian Railway—
(quar.)
(N.Y.)
1-10
'
3-12
7 (4 c
dividend)
(initial
2-16
2
2-
15c
2-16
1-
2- 2
25c
Co
45c
1-10
1-20
25c
quar.)
Van
$1.31%
1-15
1-20
75c
(accum.)
1-15^
1-30-48
25c
quar.)_
1-30-48
50C
(increased
9
(quar.)_
Inc.-Aj.___'a-I—i__„I—
Co.,
2-16
10c
(monthly)
(monthly)
9
$l5c
:
1-31
2-16
Railways Co—
9
(quar.)
Co.
Paper Co., Ltd.
Roosevelt
hebfdifc
-
<fe
3-
(year-end)a
&
2-16
(quar.)
3-
—
Light
1
/
J60c
Canada, Ltd!
Corp., 60c cl. A
3-
Antelope Copper Mines, Ltd.—
shares (irreg.)—a
Cotton
6-
3-20
4-
35c
1
43i-5-
.
of
15c
Insurance
American
J-2°
Narragarisett
■,xr.
Dry Goods
Rockland
1-12
6-15
1
.___
45c
Rice-Stix
8-14
'
1-12
1-31
;
87(4c
1
Extra
(quar.)
1-31
•
$1.75
92(4c
1
(increased)
Rhode Island Electric Protective Co.
Roan
1-23
62(4c
•'
4-
(quar.)
Robinson
12-20
3-
Stores
Vertlentes-Camaguey Sugar
Copper & Brass 5%% pfd. (quar.)
Reynolds (R. J.) Tobacco Co., com. (quar.)
5-15
2-16
1-24
2-16
-
$1.12(4
.••'
4-
Inc.—
Revere
2-14
Munising Paper Co., 5%
Fund,
2-15
__a
(quar.)
4-
6%
Manufacturing Corp,—
$7 preferred (quar.)
$7 preferred
(quar.)
1
3c
(s-a)___
25c
3-10
Co.
6-23
9-16
50c
(quar.)
Leather
Upson
6%
Cement
8
9-30
$1.06%
5%
(quar.)
Petroleum
Riverside
3-23
7-
25c
$1.12%
dividend
Rike-Kumler
4-
25c
Utility Appliance Corp._„
Valspar Corp., $4 conv. preferred (s-a)
3-20
12-31
'4-8
'
Universal Leaf Tobacco Co.—
25c
12-31
3-15
6-15
California
Tool
Radiator
1-15
62(4c
1
6-25
a__;
Missouri—
Participating
Plywood, common
1-15
(quar.)
1-31
50c
12 %c
Reliance
Richmond
1-31
2-15
25c
(quar.)
Corp.
S.
(quar.)
2-2-48
1-15
8
2-15
50c
United Transit Co.. 5% preferred
(quar.)
S. Air Conditioning, $7 pfd. A
(quar.)_
S. Industrial Chemicals, Inc
.t——
75c
Co., $2 preferred A
B
'
60c
;•
25c
common
—a
Common
4
1-10
1-17
U.
2-2-48
1-15
common
of
Extra
15c
31c
&
United Shirt
15c
9
12-
2
1-20
3-
U.
2
12-17
2-
1
prior preferred (monthly)
prior preferred (monthly).
prior preferred (monthly)
prior preferred (monthly)
.6%
1-16
$0.5056
9
15c
6.36%
6.36%
•'
9
$1.50
1- 6
2-1
25c
Street
"
(s-a)
1-17
1-20
31 %c
:
preferred
prior preferred
prior preferred
7%
Hampshire—
(quar.)
$12%c
a
B
United Light
1-15
84c
1
4-
(quar.)
Drill
Class
(quar.)
(initial quar.)
B
Distillers
3-
2-
v
1-
130c
Class
United
2-14
1-21
12-30
1-10
Corp.—
$3.50 convertible preferred
(quar.)
United Corporations,
Ltd., Class A (quar.)__
United
50C
2-
1
6
2
2
1-30
2- 2
2
common
Cigar-Whelan
1-12
2
7
3-
(quar.)
(quar.)——
(quar.)
of
2-
2-
$1.06%
;
Co.
Union Oil Co..
12-31
$30c
1-31
2-
(s-a)
Salle
Union Electric
United
(quar.)_
(s-a)___.
com.
La
preferred
1-20
7
1-
i.
15c
preferred
1-20
1-
1-10
(quar.)
(quar.)__
preference
(quar.)_____
4%%
preferred
1-20
1- 7
2
2
.'1
$3.50
6c
1-10
2-
$4
a—
$3.70
60C
1
1-10
2- 2
.
.10%+.
—
1-15
1-20
3-
50c
Edison.
South
B
12-24
$75c
'
1
2-1%
2-
(quar.)
1-15
■
2-
50c
preferred
208
>
3-11
$1.50
9
50c
:
-
U5c
.
1-12
(quar.$1.75
1-
A
62%c
pfd.
pfd.
1
preferred
lc
7%
2-
preferred
Development
j';
(accum.)—j
Troy & Greenbush RR. Association
6%
1-
pfd.
Mfg.,
Transamerica Corn,
6%
20c
&
1
2-1
25c
9
v
(quar.)
Ltd., 5%
Republic
1
3-
$1.12(4
Mining Co. (Nevada)
Company (quar.)—
Trane
Republic
56 %c
$7
convertible
Toledo
1-10
12-26
1
3-
1
50c
«
j
1-
$1
1
Pile,
Investors
3-
1
4-
common
1
90c
(quar,)
preferred
1
4-
(quar.)Aj_i_
Tonopah
,
v
Stock
4-
^.t43%c
Quarterly
Quarterly
Quarterly
1-10
15c
Glass
$4.50
preferred
B
$4.50
}25c
^
(quar.)—
com.
2-
,; 11 v
(quar.)
Remington
1-15
Quarterly
1-10
2
2>'
1-30
Tishman Realty & Construction Co.—
2
2-
$1.06%
2-
(quar.)——,. ;
(quar.)
Corp.,
Thomaston Mills
1-15
37 %c
Philip Morris & Co.)
of America, common
Mount Royal Dairies, 5%
..
3-
37 %c
(quar.)
Concrete
A
$2.10
50c
$2.40
25c
Reitn.an's,
9-20
$1.50
3-15
2
56%cj
;
(stock dividend)—:
convertible
Thatcher
4-
25c
(C. A.)
Class
3-20
6-20
$1.6214
Co._.
Corp.
$2.25 preferred A (quar.)
Morrison-Knudsen Co. (extra)
$7
4-
Reed
(see
Plan
Mullins
9-20
25c
$1.25
6-12
3-15
2-20
.
Textron, Inc., com. (stock dividend). /" One
share of Dorset Fabrics for each share held
7
%
37 %C
(Philip)
Mount
Class
6-20
25c
Extra
Co.
2
2
Clothier,
com.
Power
6-30
2-
i
preference
preferred
7
2-16
1-30
1
__
1-15
25c
1
3-
Biscuits, Inc.—
AA_j__„._„j j, vi
75c
Super Mold Corp, (Cal.) (quar.)__
„4T—
50c
Ta-cony-Palmyra Bridge—
r;:
5 %■ preferred
(quar.)_____L4a
$1.25
Teck-Hughes Gold Mines Ltd.J (interim)
- '
$5c
*
1
3-
40c
Sunshine
9
2-
t$1.25
...
Texas Power & Light
Co.,
$6 preferred
(quar.)
1
1
$25c
Reading Tube Corp.
Implement—
Mississippi Power & Light Co., $6 pfd
Morrell (John) & Co. (quar.)
Mount
7-
10-
25c
*
(quar.)__
Power
$6 preferred (accum.)
Minnesota & Ontario Paper
Morris
3-20
25c
a__—
*
Morris
2
25c
__
Common
;
4-
$3
1-26
&
class A pfd.
1-
50c
(quar.)
Raymond
2-26
4(4%
1-31
3-
3-
$31 %c
Inc.
Texas
•
1-13
1-15
1-19
Co..
&
1-24
$26
1-15
-
flOc
2_____a^a__a—,. I.tlOc '
2-14
4__„
New
,
5
7
2
2-15
60c
Sun Oil Corp.
2-
(quar.)_
2-
t3c
1-15
,
1
3-15
Strawbridge
2-
■
1
1
2-
Stevens (J. P.)
-1,
1-15
1
I
$1
___;
of Canada, Ltd.
partic. pfd. (quar.)
1-15
1-30
2.
:
Co.
1-20
3-1
1-20
(quar.)____
com.
(quar.)
2
-3-
5
2-16
$1.20
preferred—
1-
*
5
1-
$30c
r
i
1-16
•
1-
1-31
conv.
1-19
50c
1-31
.
(quar.)
?T 2
$0.2083
1-16
>
-28c
(quar.)
2- 2
'
2-16
t25c
>,
Co., Ltd.,
5
12-31
•„''.
pfd. (quar.)_____^A;_______l___;;.
2-
5%
•
(monthly)
of
9
pfd.
1-
12-31
1-20
Co.—-
(initial)
1-26
68 %c
Co., Class A
Common
for each two shares
common
(Subject to SEC approval)
Miller & Hart, Inc., common—
1-29
3
1-30
55c
Sons, $4
(initial)
35c
Corp.
Randall
held.
1-15
1-
Electric
2c
__
Middle West Corp. (stock dividend)—
One share of Central Illinois Public Service
2-
2-
Participating
________—_______
431%c,*,, 2- 2
Stern & Stern Textiles, 4(4% pfd."'(quar.)—., ' A 56c
4- 1
1-20
(initial)
(quar.)
;
6% pfd. (quar.)
!
Quebec Power Co. (quar.)
Quinte Milk Products, Ltd., class A (quar.)_
Radio Corp. of America com.
(increased)
1-15
7%
1-15
1-10
37%c-„
(quar.)_A
95c
Colorado,
(quar.)—
preferred
Redeemable
1-28
Steel
1-15
v
&
conv.
1-10
2
Special
Furity Flour Mills, Ltd., common
$25c
12-31
2
&
Dredging, $1.60
Class B
2
32 %c
(quar.)
Ltd.
$1.10
of
preferred
preferred
R.)
conv.
Inc.-
1-31
'a____„a____—
Ltd.
Co.,
Stanley Brock, Ltd., class A
-
'
Purex
1-15
1-30
2-
87 %c
1-31
IjS-
20c
(quar.)
Co.
Public Service Co.
1-15
1-20
$1.37%
1-15
80c
-
6%
12-24
1
$1.75
.
Transport,
Service
4(4%
1-15
1-28
2-
$1.50
pfd.
Public
2
1-31
•
1-15
2
2-
(quar.)
Mines
preferred
4%
2-14
2-
25c
(quar.)_
Standard Wholesale Phosphate & Acid
Works,
1-15
$2.50
K.), Inc.
Edison, 3.60%
1-
1-20
1-15
•
2-16
(quar.)_
(quar.)—
(H.
Potomac
Provincial
75c
„
(s-a)_
Porter
2
2
.
Cordage Co., common
Employees stock (quar.)
1-20
$3
Extra
Scott
1-
-
1-15
$3
(year-end)
Co.—
1-16
1-15
$50c
jj___;_AAA_v^, "
common.
Prticipating
Standard Steel Spring Co.
1-15
1-30
Co.—
pfd.
Plymouth
1-12
2
2-20
•
Gas
Chemical
Partic.
50c
Semi-annual
2
1-12
10c
__
(quar.)
Merritt-Chapman &
2-
12-31
50c
Meyercord Co. (quar.)
Michigan Gas & Electric, 4.40%
1
1-31
•
$25c
(quar.)
(quar.)
7% preferred
12-31
2-
55c
Phillips-Jones Corp., 5% preferred (quar.)
Pittsburgh, Cincinnati, Chicago & St. Louis RR
1-15
1
1-30
.
$1.12%
(initial)—
3.60% preferred (quar.)
•;.4%^. preferred (quar.)
1-15.
..
2-
$1.25
:
common
Electric
preferred
1
Products
Massawippi Valley RR. (s-a>___
Maytag Co., $3 preferred (quar.)_
$6
$1.0614
(interim)
(interim)
Ltd.
Co.
(quar.) jV
,
-. v
1-20
25c
Macy
'-Maple Leaf
2
3-
50c
(quar.)
1.
2-
1-20
$50 %c'.
(quar.)
1
,2 r
12-31
2-2
ioc
.v
12-31
1-20
75c
.
McCabe
McCall
1-20
■\
25c
(quar.)_:
(s-a)
Power Co.,
Co.
2
$1.12%
Philadelphia & Reading Coal & Iron Co._«__i
Philip Morris & Co., Ltd., Inc.—
1-15
1-
2
1-10
2-14
$25c
-
pfd. (quar.)_
Standard Fuel Co., 4(4%
pfd. (quar.)___A__
■j-t Standard Paving & Materials, Ltd.—
1-16
2-
(E.
Standard
50c
Co.
Cement
Philadelphia
Philadelphia
1-14
1-27
t75c
Permanente
1-21
12-29
$$1.50
12-15
10c
—___
12-16
20c
a—
12-15
75c
j._
12-23
1-15-48
$1.25
a
1-20
:3714c
_______ ....
(quar.)
Standard
50c
•
(quar.)
1-20
6
1-16
Stadacona
9-20
5%
1-10
12-27.
$30c
(quar.)__A^A_,______AA--v
15c
com.
3714 c
2
6-20
1
28 %C
(quar.)
Pennsylvania
4.25%
Pennsylvania Salt Mfg. Co.—
3(4 %
preferred A
(quar.)
Peoples Gas Light & Coke Co.
2-
$1.50,
Squibb
1
Common
(accum.):
S3
preferred
(quar.)
Penmans Ltd. com. (quar.)
2-14
I
Brewing, 5(2%
Peninsular Telephone
1
.
Power
preferred
7-
$1.50
prior preferred.—a
aa___a—
pfd. (This payment dears arrears)_4a
Feller
2-14
1,
5%
6%
—
—
&
3-
3-10
$1.10
—.—
:
(quar.)
Lowenstein
1-
/
2
$2.20
10-
8c
;
25c
Electric
•Lowell Bleachery, Inc.
•Lukens Steel Co.
2-
1
50c
—
(quar.)
B
1
1-20
/,' 3-
25c
Longines-Wittnauer Watch Co., com. (quar.)
Power & Light $6 pfd.
(quar.)
Gas
3-
50c
(quar.)—,.
Louisiana
Louisville
/
75c
'
3-20
$1.75
Cutlery Corp. (N. Y.) (stock div.)__
Peabody Coal Co., common_A-—A__—
2-
1-28
(quar.)
Corp.
Indiana
1
;V%. $1
Payne
7
,
Special guaranteed
Original capital
.
$25c
____—.
Liquid Carbonic Corp., common
314 % preferred (quar.)_
Little
1.12%
—
9-20
12-16
_•
Refining
;
com.
preferred
(quar.)
Southwestern Associated Telephone—
4-
20c
Park City Consolidated Mines
(Utah)
Parke
Davis
Co.
(reduced).—
"
1-15
Lehigh Portland Cement (quar.):
•Lerner Stores Corp., 414% pfd. (quar.)—.
Lewis Brothers, Ltd. (quar.)..
pfd.
1
(Calif.)—
aa_
(quar.)
Producing &
Ltd.
Canada
12-23
Public Service Co.
1st preferred
Southern
10-
:
(quar.)
(quar.)
_!
1-19
1
f 20c
4.8%
15c
pfd.
2
2-
25c
Co., Ltd.. (quar.)___
Southern
com
5%
Corp.
O.)
20c
preferred
Year-end
'
Lees
Southam
6-20
$1
Lighting
Panhandle
1-12
2
10c
,—
2%
2-
Corp.,
convertible
$1.30
1-15
.
2-
50c
Finance
4(4%
2-
(quar.)
Southern California Edison
4.48% conv. pref.
5
3-20
__r
Pacific
4
1-
1
;
Pacific
1-24
31 %c
(quar.)—
•.
1-15
2-10
t8c
—-
Co.
1-22
50c
—
1-14
1-20
1
Filters;
(irreg.)
a__L_aa——
Company (irreg.)—a———!
5
1-16
|20c
u.A___r.-.
7-
Otis Elevator Co.
1-
1
2-10
(A.
4-
(quar.)
United
2-25
10c
Smith
20c
(quar.)
(quar.)—__
1-16
f20c
Smith (Howard) Paper Mills
Ltd. com. (quar.)
4%
preferred (quar.)
jA___A-
•.
pfd.
class A
6
2
$30c
20c
conv.
6
2-
2-
f30c
1-19
.___
Electric
4(4%
5
Pacific
—.
lAAiglon Apparel (quar.)___—
tamaque Gold Mines, Ltd. (interim)
-tane- Bryant, Inc., 4%
pfd. (quar.)j„_—
La Plant-Choate Mfg. Co., 5% pfd. (quar.).
Lee Rubber & Tire
Corp.
1-
tl"3V
,
&
Okonite Company
12-29
/
1-20
.
Gas
Co.,
2-18
2-
2-16
25c
(N.)
87V2c
;
2-18
1
Extra
87 (4 c
Inc.,
Oklahoma
1-10
1-26
,
Ohio-Apex,
1
3-
2-16
87%c
2
a
_a_—__—
3-
$0.2917
$50c
2-
Airlines, Inc., 4.6% pfd. (quar.)_.
Engineering Co. (quar,)__„
Extra
1-15
1-15
25c
1-19
87 (4c
(accum.)—
2
2
;
Corp.
9
22-
;
Ltd.
Oil
87'/2C
Power (Del.)—
(accum.)____
1-
t25c
1-19
^
:
1
12y2c
,,.
2
6c
(quar.)— ____%
2-
(initial quar.)
com.
2
25C
Ry.
1-16*
2-11
27J/2c
>■
2-
:
& Ishpeming RR. Co.—
a
States
(quar.)__
2-
—___4
Works
1
1
Extra
Nunn-Bush Shoe Co., common
(quar.)__-A—_
5% preferred (quar.)—a—
6
1-10
1-20 ;
\
15c
—
(quar.)__;
1-20
$1.50
(quar.)
1-
1-31
$1.25
—
Sinclair
1-16
Refractories
preferred;
"
3-
1-15
1-20
2-
3-
25c
Corp., class A
(quar.) ;
new
2-10
85c
(quar.)
Extra
Corp.—
preferred
1-15
50c
■•••$10
---
1-15
1-15
1
91 %c
$1.25
:
1
1
2-
(quar.)
$3.75
1
Pacific
Nnrthwest
1-20
1-20
93 %C
________
preferred
6%
.
2
22-
Corp. of America (quar.)
a
Sherwin-Williams Co. of Canada, Ltd.—
Common (quar.)
,.
:____
Engineering
Northwest
-
teece-Neville
7%
2
Co.—
(quar.)
preferred
1-31
2-
13%c
Sheraton
5
Slater
Finance
American
Northern
1-12
2-
7
15c
(quar.)
prior preferred—
1
.
take Superior
Year-end
80c
2
$4
k'
1-16
2
12-31
;____a___
Sigma Mines,
preferred
prior
87 (4c
(quar.)———
Kobacker Stores, Inc., common
•
80c
2-
...20c
,"
1-
2-
'
—
,80c prior preferred
$1
—
common
prior
2-
95c
(quar,)_
preferred
80c
$1
(quar.)—
1-19
50c
arreurs)
(quar.)
(accum.)
RR.
Co.
preferred
97V2C
pfd.
preferred
preferred
preferred
93 %C
(G. RJ Co. (year-end)
Company $1.50 pfd. year-end)__—_
Kirsoh
7%
1
60c
••
12-31
-
Power & Light Co.—
J40c
(clears
preferred
,
1-15
Power—
American
7%
1-31
87(4cv
1-31
preferred ($25 par)
(quar.)
Acceptance Corp.—
(increased quar.)
A
1-15
$1.25
—
—-
(quar.)
3%%
preferred
2
2-
—
,
Kalamazoo Stove & Furnace
Kansas City
North
3-10
$1.06(4
-
(quar.)—a
pfd. B
5
15c
—u.-—
$1.18%
2
Sharp & Dohme, $3.50 pfd. A (quar.)_
Shawinigan Water & Power (quar.)
American
Class
40c
62 (4c
Corp.,
2nd pfd. A (quar.)
2nd
5
1-
2
Co., Inc
Light Corp.—
Co.,
Western
1-21
7(4c
3%% pfd. (quar.).^,
Johnson & Johnson 8% pfd. (s-a)——
3%%
2-
1-
& Light—
Power
Johns-Manville
2-
t8%c
preferred (quar.)—
Tea, 3%% preferred '(quar.)—
Jewel
'2-2
t$1.75
(quar.)—'——,
(quar.)—aa
(J. J.)
Hudson
1-15
2-
(quar.)___
New preferred (initial)
:
Seiberling Rubber Co. of Canada, Ltd
1-20
Adjustment
North
Ltd.-
Canada,
preferred
preferred
5% preferred A
.
&
preferred
Norfolk &
$1
—
Co.
Power
Newberry
1-15
3-10
t$l
,
—
($100 par) (quar.)—
7%
($5 par) (quar.)
Int'l Resistance Co., 6% conv. pfd. (quar.)
Investors Mutual, Inc. (irreg. )r
:—
Jacobs (F. L.)
Co., 5% conv. pfd. (quar.)
Jaeger Machine Co.—a
Jantzen Knitting Mills,' common (quar.) ___
7%
York
Niagara
3c
(initial)
common
International
Merchandise
3.90%
,
Shares
Ltd.
3-
Y.
Electric
Extra
—
2-
preferred
Security Bank Note
1-31
12-31
t20c
3-15
25c
1-17
2
(quar.)
1-16
2-23
1-17 i"1
2-
f$l.75
1
held——
1-19
t40c
'
___j___
$3.40
Manufacturing, $3.65 pfd.
5V2%
($2
Brothers, Inc., 4%% pfd. (quar.)
Neon Products of Western Canada, Ltd. (s-a)
New Jersey Worsted Mills (irreg.)
International Business Machines—
New
stock
Co.,
1-31
floe
Seaboard Container
—
(quar.)
2-
Group Shares
Group
Inter-City Baking,
Co.
50c
(quar.)
Corp.
6%% preferred
Shares, Ltd.—
Bond
Tank
25c
Silica,
and
share
each
J25C
Chemicals
Insurance
for
50c
Industrial
Industrial
Stock
One
Neisner
Imperial Tobacco Co. of Canada—
4%
preference (initial)
.
Indiana Associated Telephone Corp.—
$2 preferred (quar.)__
Institutional
additional share of common
50c
62%c
Power, common (quar.)__
5 % convertible preferred (quar.)__
Illinois Terminal RR. Co. (quar.)
(quar.)
com.
1-30
40c
(quar.)___—__—
(stock
Mills, Ltd.
1-31
50c
.
(quar.)
Paper
Scranton
3-15
4-
$1.25
Fabric
Cooker
B
Scovlll
2-16
$1.12%
(quar.)__
com.
——
Flour
Schenley Distillers Corp
2
10c
"
Illinois
Lawrence
(quar.)
1-29
25c
(quar.)____
common
preferred
Holder•
Payable of Reo,
15c
preferred (quar.)
Samson United Corp., 55c conv.
pfd.
Scarfe & Co., Ltd., class A
(quar.)
4-21
8-
Foods, Inc.,
convertible
When
Share
a___
7%
1-22
5-
$1.5C
—
(quar.)
1-26
2
1-
2c
2c
National Linen Service Corp.,
4(4 %
preferred
(quar.)
1-30
2-20
$1
—
1-10
2C
National Lead, 6% preferred B (quar.)
National Liberty Ins. Co. of America (s-a)
1-15
Hydro-Electric Securities Corp.—
Idaho
2
2c
(quar.)
'
1-15
3-10
25c
__________
2
2-
4%
5c
1-31
1-26
—
——;
1-15
1-16
'
Quarterly
Quarterly
shares
for each share held)—
Welding
1
2
2-
Company
S & W Fine
2-
50c
(quar.)
Per
Name of
Safeguard Corp.
2-
(quar.)$ 1.296875
pfd.
conv.
*
■\
1-20
2
15c
(quar.)
Quarterly
1-15
2
2-
80c
Co.
Products
Electric
1-31
2-
50c
(quar.)
2
Holdert
Payable of Rec.
50c
Y.)
1-29
25c
__—_—
.
Stock
Mfg.
(N.
30c
—
Light & Power, $4 pfd.
Hoving Corp.
&
Bank
Monday, January 19, 1943,
When
Share
(increased)-—;
Co.
2-
Houston Natural Gas—
,
Battery
50c
—__
(N.Y.)__
Co.
Extra
Houston
National
25c
Haraart
Home
Name of Company
12-31
1-25
CHRONICLE
Per
25c.'■
Co
FINANCIAL
Holdert
Payable of Rec.
lc
___ —
&
75c
2-15
.
r
■'
$1.25
,1,
2- 1
2-15
$1.25
V
^2-1
4-1
>1$
1
0 *
1(.
.'l('
'
I'
♦'
Number 4665
Volume 167
THE
When
Per
Name of
Company
Share
Westminster Paper, Ltd., common
Westvaco Chlorine Products Corp.—
$20c
preferred
$3.75
(quar.)
93%c
& Lake Erie Ry. Co.—
•
convertible preferred (quar.)__
Holderi
5Va%
2- 2
$1.37Vi
prior lien (quar.)_—_—;—;
Sewing Machine Corp.—
$2 prior pref. (quar.)
$4 conv. pref. (accum.)
•
2- 2
1-21
2
White
Wilbur-Suchard
$5 preferred
Will
(quar.)
50c
2- 1
2-
1-20
1,
Total
$1.25
2- 1
Co.—
2-16
2-10
1st
preferred
Pfd.
$1.50
tyTrigley
(Wm.)
Monthly
Monthly
Co.
Jr.
2- 1
6%
2-
1
25c
—
1-20
50c
7-31
2- 1
2- 1
_—
preferred
(quar.)
6%
preferred
(quar,)—-—1
2-
1
13114c
:
2-
30%
•Transfer
by
Less
Jamaica
books
income
closed
not
tax.
<
725,600
$2,166,425
28,220
28,475
342,979
$87,111
$154,805
$1,473,487
$1,678,905
$0,125
$0,222
$2,108
$2,403
157.
p.
30
of
approved
series
a
all
of
its
of financial
British
Income
1
tax..
'/
huge
to
its
this
of
principal
1-15
New
(1) Public
exchange
6,062,767
Service
for
transfer
company's
of
shares
(2) Public
,
that
shares
5,503,193
will
$1.40
of
will
certificates;
publicly
held
all
of
and
6%
and
Service
(4) Public
Gas
in
with
compared
December,
in
135
the
had
146
corresponding
>'■.
2664.
opinion
It
$5,196,111 $45,977,185 $44,205,352
1947
stores
month
v"
'■
in
operation,
1946.—V.
in
.>:•
p.
is
company
plan,
that
first
the
$15,000,000
in
underwritten
preferred
new
by
led
group
a
stock.
by
This
Morgan
issue,
which
Stanley
is
due
be
to
7,194,000
kwh.,
5%,
or
the
over
■'»
week
of
last
Fed.
Co.,
Ltd.,
issuance
has
because
now
approval
it
and
Chairman
decision
of
and
from
the
appointed
trustee
5%
under
sinking
/
New
received
York
notice
&
Curb
that
Co.,
1947—Month—1946
$2,677,060
J.
the
of
name
Jan.
this
9
that
has
company
been
oper,
Prior
it
has
changed
Pinchin, Johnson & Associates, Ltd.
Accordingly, beginning Jan. 9, 1948, transactions on the New York
Exchange in the American shares representing deposited ordi¬
nary
registered shares were recorded under the new name of the
company.—V. 155, p. 2098. >>"';;>•■>;'>'
■
'■>> '
'
1947—12 Mos.—1946
$2,554,983 $31,577,397 $29,855,720
1,134,343
13,957,575
11,985,870
of
output
the operating
Public Utility
(formerly
A
by
deduct,
and
regular
Net
sales,
Cost
of
rental
income,
etc
23,052
49,557
Rev.
$7,306,201
$7,437,530
188,178
2,340,551
2,271,152
for
federal, State and foreign taxes
income
———
Other
$6,748,086
Earnings
per
$3, 147,840
•Restated
annual
tentatively
-rrV.
to
as
provision)
202,176
379,698
166,
income
160,494
S'5,539
167,346
129,516
132,668
221,131
422,308
made
to
$658,134
*$265,670
917,007
917,007
$0.35
—
income
similar
initial
$0.67
Oper.
rev.
Portland
Judge
James
organization, of the
proceedings.'
court
Co.-
-Reorganization
Feb.
and
General
Which
tq.be
signed
This
the
terminates
formal
mow
the
the
as
prior
date
for
preferred
are
Co.,
Net
pi
167,
'
which
is
the
in
the
24
was
cents
share
per
to
made
three
was
stockholders
on
months
declared
of
shares
$1,005,678:
982,581
Oct.
25,
before.—V.
last,
166,
expenses
P.
stock
subsidiary
G.
get
get
%
back
to
bondholders
dividends
is
G.
P.
E.
stock
totals
6Vb
to
from
be
Net
Ord.
949,883
..
.
of
$1.80
Oct.
$10,957,000.
31,
on
of
$680
share
shares
In
the
•$75,059
ord.
•Paid
to
share
1945,
to
annually
Oct. 1,
$11,098
$2,348,467
18,734
•$145,461
403,312
$29,832
$257,851
>
'
'
>
'
.
and
is
inviting bids
collateral
for
trust
the
purchase of
series due 1978.
■
113,372
on
inc.
income-
$56,380
$20,552
$144,479
$2,368,602
Dr 338
Crl78,885
Crl82,937
Cr394,521
(chgs.)—
11,245
12,447
•
$44,797
income transf.
115,696
120,385
$211,721
$2,642,738
75,500
121,500
1,061,350
,
to
$111,490
$90,-221
$1,581,388
of
4
to
first
1947—Month—1946
expenses
$109,485
income
,
$76,976
$956,916
$838,158
95,141
_—
revenues-—
ord.
1947—10 Mos.—1946
96,815
893,496
951,955
1947—10 Mos. 1946
$
$
$
572,056
5,286,231
5,107,926
28,164,227 254,277,856 267,503,986
26,346,282 233,534,707 250,033,903
1,702,086
19,600,082
16,237,915
111,193
1,075,357
1,103,183
5,253
4,666
67,710
128,985
.
,
26,288,171
&
Light
28,164,227 254,277,856 267,503,986
Securities
market quotations
asset
coverage
for
services
and
:
c
trust 3 V4 %
4%
cum.
—V.
166,
Dec.
31,
Values—
1947 figures, company
as follows:
outstanding securities
bond
$2,518.46
preferred share,
$50
par__—
148.92
24 73
—
2563.
p.
Co.—Asset
of
as
its
of
V,,.
Electric &
Detroit
Steel
Corp.
7.'';.
^
Engineering Co.—Expansion—•
above!—V. 166,
c
2564.
p.
Remington Rand, Inc.—December Sales
9 Months Ended Dec. 31—
Record—
a
1947
1946
$115,676,000 $101,365,000
According to J. H. Rand, President, December sales were the
highest
in the company's
history.
Unfilled orders continue to be
substantial,
he added.—V. 167,
p. 50.
' •/
:
.
>
■
Edward
M.
Gallagher,
President,
that
announced
directors
ending April 30,
year
paid
a
1948,
$63,420
•$113,797
347,771
250,598
$411,191
dividend of 25 cents
It
is
extension
ments
out
of
the
The
of
•$19,839
•:
28,734
62,907 •?.
income
$43,068
•
,,,
announcement
governmental
from
3,760
32,094
added
$39,308
$379,097
!, $94,828'
(credits)-
inc.
profit
14
>
for
•This
—V.
income
earned
transf.
$39,308
$382,227
$94,828
16,000
15,660
160,000
41,600
to
*
surplus
$23,847
$23,648
$222,227
$53,228
•Deficit.—V. 166, p. 2665.
Radio Corp. of America—Plans Million Dollar
Expan¬
sion. Program to Step
Up Television Tube Production—
•
A
comprehensive expansion program for
stepping up the production
^,of television picture tubes at the corporation's Lancaster
(Pa.) plant,
which
involves- the expenditure of more than
$1,000,000, was
an¬
nounced by L. W.
Teegarden, Vice President in charge of the tube
department.
*
•
J ■
,
Calling for the
ction al
The
the
Mr.
expenditure
these
improve¬
financing
additional
'/>>>; '>'1
to
of these plans, when
produce increased rev¬
benefit
other
of
sources
the
1258.
Co.- -Earnings—
>.
1947
1946
$4,370,171
$5,274,773
$4,062,412
1,660,000
taxes__
2,450,000
2,850,000
$2,824,773
$1,212,442
contingencies
1945
*500,000
$2,210,171
increases the "reserve for contingencies" account to
$3,000,000.
p. 2422.
166,
Robertshaw-Fulton Controls Co.—Earnings—
FOR
TEN
MONTHS
ENDED
OCT.
1947
31,
Net sales
Net profit
Common
$24,682,035
1,930,945
—
shares outstanding
;
*
1,006,450
—
^er^common share—
NOTE—iTbe above figures
of
$232,99'^from the date of
$1.92
include
sales
of
$3,426,650
merger, Sept. 24.—V.
oper.
and
p.
earnings
1997.
...>"•
Corp.—Earnings—
1947—Month—1946
revenues
Uncollect,
$746,844
*
1947—10 Mos.—1946
$698,682
$7,135,038
$6,651,634
1,310
407
$745,534
686,169
$698,275
507,710
62,665
102,338
$3,300
$83,227
61,942
323,026
562,477
rev
Operating revenues
Operating expenses
Operating taxes
Net oper. income—
Net after charges—
166,
166,
''
% s
Rochester Telephone
W. F.
The
30
$39,847
Deducts, fr. net income-
Goods
accommo¬
Mass.,
the
of
cost
no
completion
also
Net earnings
29,125
-
9,250
7,134
$7,125,783
956,307
$6,644,500
4,769,437
1,010,960
$579,314
$864,103
.
5,590,162
2564.
p.
construction
of
a
new.
building to provide
an
addi¬
40,000 square feet of
space,; the expansion program includes
installation of a large number of
unique automatic machines for
mass-production of television picture tubes similar to
equipment
Manufacturing Co.—1947
Rockwell, Jr.,
3,160
(chgs.)__
_
the
the
,
is expected
will
166, p.
to
Revere,
for
and for other improve¬
broken for the project in
with
v
after, charges
Provision for
1947
year
history—a
income
that
and
Park,
made
be
pay
.>
regulations permit,
admissions
will
to
surplus,
/
/.
the
The
41,973
$39,833
ground
Years Ended Nov. 30—
Net
—V.
3,245
22, 1947.
improvements
the grandstand
directors
company's
planned.
enue
that
expected
the early Spring.
It is
the intention
of
further
for
share.
per
Oct.
on
Discussing the Association's program of
a
larger attendance at Wonderland
Gallagher stated that application is being
of $500,000 for the
cents
80
date
$136,801
$14,344
$43,078
oi;d. income
would aggregate
year
on
a
Record
Year—
Jan. 9 said in substance:
is nowyanother completed chapter in this company's
that eclipsed any previous peacetime or war year in
volume of business and returns realized.
Some of
the year's highlights
follow:
Shipments
were
in
excess
of
$62,000,000—over
50%
ahead
of
1946.
New highs were established
Over 1,260,000 valves and
in the physical volume of all major lines.
regulators, 850,000 meters, 195,000 machine
tools and innumerable parts and
castings were sold.
Shipments for
the last quarter averaged better than
$6,000,000 per month.
Profits, after: income taxes, reserves, and all other charges, are
estimated
to
exceed
$5,500,000, or $3
per
share of
outstanding.
This compares to profits of $3,117,000,
share, in 1946.
As a percentage of sales, 1947 profits
mately 9%, as compared to 7.7% last year."'
Cash
ment
stock
common
or
were
$1.76
per
approxi¬
remained short throughout the year, due to the required invest¬
inventories and plant to make possible the higher volume of
in
business
and
to
reduce
the company's
outstanding indebtedness.
Good
was made
in reducing this indebtedness.
By, the year's end
the-[total of all long-term :and short-term notes payable had been
reduced more than $1,600,000 from the peak reached during the year.
V As the
company: enters" 1948, confirmed unfilled orders exceed $30,-
progress
000,000.—V. 166, p. 1827.
'
;
.
•
"
.
believed
company's financial condition warranted declaration of
dividends later in the fiscal year and that the total dividends
——
.
50.
in
1
27,592,171 248,991,625 262,396,060
Period End, Oct. 31—
Corporation of America—Earnings—
revenues
oper.
Extraord.
-
p.
ratio
a
ACCOUNT
38,943,156 351,202,575 349,251,273
11,350,985 102,210,950
86,855,213
24,150.540
—„
Rockwell
1947.—
Asked—
Wq Washington, D. C.—V. 167,
with
INCOME
26,288,171
conv.
-
$18,847
167, p. 157.
•
Company, will receive bids for- the purchase of an issue of $15,000,000
firstfmortgage Jqonds* series, dueJi9a3, ;up »te. 11:30 a.m..on Jan. 20, 1948,
At Room 822, 929 E Street, N.
the
im¬
compared
523,391
Per common share
Earnings
$186,990
25,950
surplus
Extraord. inc.
the
bonds,
Such bids will
be received, by .the company at Room
901, No. 50 Broad St., New York
4, N. Y., up to noon (EST) on Jan. 20.—V. 166, p. 2563.
Potomac Electric Power Co.—Bids
in
25,764,780
_
Per collateral
100,583
120,718
11,539
1,000,000
$4,000,000
1,
2,023,176
upon
reports net
$2,469,185
9,280
$67,919
inc.—
Deducts, fr. ord.
1583.
fUL
shipments
railroads, airlines and other carriers
transporting express.—V. 166, p. 2665.
in
Based
39,233
income
for
addition
ship¬
express
'9,721,092
y Total deductions™'-—
$2,309,234
Dr70,402
16,814
income
Gross
Net
a
47,087
1947—Month—1946
funded
on
deductions
Reserve
$55,795
Dr44,697
$51,105
—
inc.—non-commun.
Net
distributed
air
during November exceeded
points
35,485,872
taxes
Rice-Stix Dry
5,997
and
and
to
are
E.
international
109,202
Other
1947-r-lO Mos.—1946
$9*623,344 $11,133,339
9,698;403 ii-a,824,105
$45,108
income™
ordinary
Operating
Operating
Net
of
to
debt
record
held.
comlpany
mortgage
cents
1947—Month—1946
Period End. Oct. 31-
company's
common
operating
of
years
Potomac Edison Co.—Bids for Bonds—
The
14
inc
income
fr.
earned
re¬
-V"
-
for
for
nine
exchanging
stocks
company.
receive 34\'2
to
Q; E. shares to be outstanding.
The dividends are at the rate
reclassified
12
$1,027,689
revenues— ;
•Deficit.—V.
surviving
distribution
$3,450,000
order
nearly
each
one
Cish
V.
has
$1,000 bond, preferred stockholders
each/Share, and prior preferred holders will
each
P.
2
Electric
Pepco bondholders
cash for
Fee
;
set
Portland
for
A.
company.
preferred
is
of
distribution
Deducts, fr. net income-
$0.29
Order Signed by Federal Judge—
The
$4,478,878
Quarterly Dividend—
payable Jan.
of
expense^,_r__
Extraord.
(on
basis of proration of
contingency reserve of $50,000
reporting for the first half of 1946.
Power
of
announced
inc.__
EARNINGS
Net
to
Electric
7
was
Operating
(Ore.)
foreign
inc.__.
and
Int. and disc,
ments.
912,303
'
than
transp.__.
and
rev
Total
Communications, Inc.—Earnings^—
Radiomarine
bonds,
$4,278,150
1894.
p.
Federal
7,
revenues,
communic.
Deducts,
provision
in
surplus
n75,330
$343,132
.____
tax
A
oper.
Etraord.
restoration
687,500
156,954
80,988
share_______
and
$5,166,378
687,500
and
dividend
Jan.
on
an
Gross ord.
on
outstanding
common
$4,965,650
$4, 007,978
4,960,106
—
.
$394,510
paid
inc.—non-commun.
Net
Net income
Common shares
$365,537
'
with
R. C. A.
Ord.
2,430,448
Expend, for developmt. and research
Wage apd salary dividends
to
for
from
Other
104,469
$582,688
stock
common
quarterly
Operating
1946
$3,363,414
sold, and selling,
and gen, admin, exps.
deprec. and amortiz
number
The directors on Jan. 12 declared a dividend of 30 cents
per share,
payable Jan. 29, 1948, to stockholders of record Jan.
24, 1948.
200,524
dividends
1948.
Operating
6 Months-
'1947
end
2563.
p.
3,487,901
2,163,364
1,752
Period End. Oct. 31—
product
servicing
Prov.
20,
Net
1947
the
possible in
of the year
as
$7,541,999
2,621,163
58.
,
:>>>':>'■ •'>>;*■
3 Mos.
to
as
The
3,773,765
net
________
for
Operating
Pitney-Bowes, Inc.—Earnings—
Period Ended Sept. 30—
destined
company's income.—V.
''":.?■>>■ >
(Including wholly-owned subsidiary)
soon
1.
$7,355,753
2,933,882
amort
income
compared
ended Jan. 3,. 1948, totaled 236,283,000 kwh.,,. as. compared
■With' 217,372,000 kwh; ; for the' corresponding week last
year, y,an
increase of 8.7%.—V. 167, p. 157.
v* '
*
'■>•' >>"■.',■
as
for
soon
283,670
1,742,704
2,111,504
$566,061
the directors
p.
by Pioneer, this
Service Corp.).,(for
&
as
April
$605,740
1,857,632
172,000
served
Engineering
about
397,402
149,203
Puritan Fund, Inc.—12-Cent
Co.—Weekly Output—
companies
166,
Lancaster
Revere
Racing Association, Inc. — To Pay 30-Cent
Dividend—Further Declaration Expected—To
Improve
Properties—
;i
210,027
16G, p. 2563.
Jan.
Eectric
tele¬
$567,813
revenues
preference
—V.
Curb
company
the ,week
at
begin
$
debentures,
157,474
__.
inc.
Balance
to
Pioneer Service & Engineering
for
the
Changed—
announced
the
in
transp._,.—
•Express privileges
.
162,000
income-
Balance
below.
on
concerned,
case,
227,668
—_i
taxes
Net
Interest
Ltd.—Name
Exchange
prepare
November, 1947, has been reported by this corpora¬
56,108 shipments were dispatched to and from
foreign
better
company
Pinchin, Johnson
will
Period End. Oct. 31-^
indenture
an
fund
,
type of
to
in
Carolina—Trustee—
$200,000
can
during the month, compared with
month, the agency reported.
by
Charges
of
its
James
of
said,
will
with
satisfied
this
minute.
a
1346
facilities
findings
"was
and
157.
_
on
Other
year.—
Net
The
and
19.1%
Reliance
North
been
of
Railway
of
building
will begin
continue through
CONSOLIDATED
...
1,164,703
taxes
Other
&
its
is
machinery
Per
delay
of
y
Depreciation
Pinchin, Johnson & Associates, Ltd.- -New NameJohnson
ports
shares.
holdings
connection
additional
new
space
total of
countries
its
;
f
consideration
securing
p.
revenues
Operation
157.
Pinchin,
Co.
1947,
167,
in
production
construction
industry's needs.—V.
handled
A
See
Maintenance
corresponding
gain
tion.
basis.
its
out
one
one
share
7
turning
of
Teegarden
Railway Express Agency, Inc.—International Air Ex¬
Gains 19.1% in November, 1947—
A
1792.
Co.
Period End. Oct. 31—
Operating
The electric output of this company and its subsidiaries for the week
ended Jan.
10,
1548, amounted to 149,669,000 kwh., an increase of
V. 167, p.
1,
of
shares;
subsidiary,
dispose of
disruptions"
merited
in
each
common
another
the
of
Puget Sound Power &s Light Co. (&
Subs.)—Earnings.
will be ready for offering early in February.
Distribution of it will
be followed by sale at competitive bidding of $25,000,000 in new bonds.
Weekly Output Increased-5'%^"
will
order
plan
perpetual
common
,
a
Gas Co.
.
the
the
Trust
Dec.
otherwise
or
case.
Service
1951—V.
the
Express
on
tube
is
rate
Mr.
Sales
probably
Co.,
&
for
preferred
one-tenth
Transport,
and
Washington
released
that
Colonial
ready to go ahead with its $40,000,000 fi¬
to press reports Jan. 15.
It is understood
involve a filing with the SEC early this week
will
record
dated
about
according
step
to
Public
Philadelphia Electric Co.—Financing—
nancing
respectively
and
6%
shares
3.25
all-common stock
an
sell
"difficulties
the
it
bonds,
stock,
and
the
press
in
Gas
exchange
held
and
cumulative
common
County
Caffrey, who participated
is resigning."i—V.
166, p.
J-V>>-
"y
said
in
said
the
as
166,
SEC
will
subsidiary,
back
move
company
$5
Coordinated
Service
another
The
>1947—12 Mos.—1946
1947—Month—1946
£5,088,798
3.70
to
..
(3) Public
Stores, Inc.—December Sales Off—
Period End. Dec. 31—■
4.15,
exchange
ana
bonds
Jersey Gas Co. for each of its own publicly held
Jersey is a utility subsidiary of Public Service.
Electric
,
and
common
publicly
own.
4.7,
change its stock structure to
Sales
preference
South
South
meet
the
the
existing plant
to
debenture
of
still
Peoples Drug
6%
of
debenture
its
in
common
7
8,
Electric
share
12)
page
the
use
basis:
bearing
preference
$18,196,600
to
stock.
common
Service
assets
dividend
dollar-for-dollar
.
its
of
the
of
that
so
installation
sub¬
the
as
which
at
undertaken,
essential
as
construction
corporation
operating
plant,
receivers
is being
November, 1946, it
top company of Public Service's
Jersey gas, electric and transportation system.
The plan provides for dissolution of Public Service after the
follow¬
ing steps have been completed:
;■
' '
.....
.
,
(Continued from
See
assets
1-15
General Corporation and
Investment News
*
reorganization
Break-up
Lancaster
home
far
so
Shipments
transactions, the subsidiary—Public Service
1
this dividend.
for
the
similar
Dec.
on
for
47
anticipated "boom year" in 1948 and thereafter.
Teegarden said that it was planned to let the contract
ments
transfer
After
way,
possible
487,520
share.
tube
vision's
1,009,500
$1,816,466
Electric & Gas Co.—will remain
.
the
the
at
use
expansion
89,477
65,400
requirts._
com.
SEC
$1.40
of
672,608
$183,280
interest
The
506,880
18,800
.
167,
the
The
sidiary.
tPayable in U. S. Funds, less 15% Canadian non-residents' tax.
IPayable in Canadian funds, tax deductible at the source.
Non¬
resident tax 15%; Tesident tax 7%.
^
The
47,847
,
,
xLess
a
$3,938,010
•
1-15
-
$3,048,946
*
2- 1
1371/2C
—-
-
•
$296,527
$115,331
div.
per
The
1-15
125c
E%
12,636
Public Service Corp. of N. J.- -SEC
Approves
-Subsidiaries to Get Assets—
4-20
7-20
1-10
13114c
(quar.)
—V.
1-24
1-31
4-30
Extra
,
stk.
2-20
3-20
37M2C
37V2C
(quar.)
common
1
1
37V2C
—
307
38,285
in
picture
Mr.
_
income
Earned
1-20
3-
4-
__
(quar.)
6% convertible preferred
York County Gas Co.
Ltd.,
2-2
25c
convertible preferred
£eJltrs,
25c
,
1-15
t
*25c
Yellow Cab Co., common (quar.)
6% convertible preferred (quar.)
Dr 1,052
L*
Balance
(monthly).——
£>rl,354
inc.—
on
1-15
1-31
$1.75
(accum.)
6,914,797
$3,925,374
$172,416
deductions
Net
•
Wood, Alexander & James, Ltd.—
7%
8,738,247
$3,048,639
1-21
10c
.
Electric Power
preferred
(quar.)
647,473
$297,579
(net)—
Non-recurring deducts.
taxes
$11,786,886 $10,840,171
879307
income
Federal
$945,052
(291)
now
1947—12 Mos.—1946
$173,770
income-
inc.
CHRONICLE
Hampshire—Earnings—
$1,053,077
expenses—.-4.
oper.
Gross
1-20
50c
Candle__
Wisconsin
6%'
y.
...
FINANCIAL
1947—Month—1946
revenues
Non-oper.
Chocolate Co.—
Baumer
&
Net
1-21
2-
$1
Operating
Operating
1-9
.
%
4
Period End. Nov. 30—
1-15
Wheeling
&
Public Service Co. of New
Payable of Reo.
1-31
COMMERCIAL
V
;
»
48-
THE COMMERCIAL
(292)
Petroleum Co;—Purchase
Root
American
Pan
(Indiana),
has
Petroleum
Root
to
(EST),
p.m.
Offer Extended—
subsidiary
a
its
20
will
National
chase
offer
purchase
Bank
The offer
Feb. 20.
on
Feb.
American
Pan
The
Corp.,
to
of
to
Root common shares
City of New York up to
any
the
of
have expired Jan.
to
was
20.
Pan American' announced on Dec.
17, 1947, that it had acquired a
majority of outstanding Root common at $25 a share.—V. 166, p. 2564.
Offering
of
shares
2,610
of
ferred
and
one
Rose's 5,
The
1947—Month—1946
company
The
offering. is
—V.
166,
restricted
Months
Net
Ended
sales
Profit
1947
30—
$16,576,009
2,457,965
2,561,462
109,000
,_—J.
taxes
income
1946
$20,688,993
charges
income
Federal
Sept.
._
after
State
103,500'
———.———•—
taxes
.—
870,000
—
income
"Net
Earnings
per
outstanding
loss
a
Earns,
—V.
share
common
__:
$1,510,462
'
York
New
$2.74
—
$2.78
$271,546
(F. C.) Russell Co.—Earnings—
5501' Wayne
at
»■
,.
v
profit
1947
;
per
Gross
Gas
common
467,977
on
dends.—V.
$884,652
$1.86
—
1946
Francisco
:
254,325
201,153
2,368,228
1,826,820'
38,301
23,927
304,560
$^4,238
$28,805
30,950
10,697
Net
Philadelphia
Ave.;
862,477
share—
$0.34
Carolina Power
610v146v
$0.37
Net
$8,304,835
4,529,085
46,130
41,770
549,200
Salt
Oil
Dome
15,850
15,850
190,200
120,595
(837,373
(590,593
indefinitely postponed.—V. 166, p. 2564.
)
taxes
127,874
j
$106,704'
debt
$90,497
39,862
debt
30,312
190,200
.
Savoy-Plaza,
Operating
admin
estate
Real
Other
$992,322
$966,593'
$1/242,755
~Cr742
435*
623,048
78,650
21,495
584,284
77,550
19,343
536,984
78,570
$66,555
$275,508
$269,130
$285,416
ICC
Net
1,952
1,905
1,873
$277,188
71,952
$271,081
83,905
71,793
$287,320
75,000
$255,856
81,875
71,164
70,909
income-
oper.
Other
Dec.
on
7,913
$60,926
income—
evidence
the
for
loan
a
income
interest
charges—
depreciation—
Total
of
the
aggregate
at
for
purchase
Bell
12,254
73,737
Other additions—
.
to
company
the
11,765,804
Public
,
$1,122,674;,;
22,094,521
21,731.988
.
Gross
&
$345,382
$4,932,408
Dr383
34,063
.
1,995
$469,549
•
$344,999
$4,966,471
$4,189,052
deductions
div.
Uncollectible
15,655,787
-
2215./-. /
Earnings
'
cumulative
for
to
pfd.; stock
net
items
common
1,716,048
$2,473,004
amount
309,508
of
per
161,
249,141
$2,832,766
$2,223,863
_
stock——
certain
non¬
-!__^-_!/!___'_^!_:_________1
/•
•'
Dr59,000
..
$2,832,766
share—
common
$2,164,863:
$2 50
p.' 52.
y
Spencer Kellogg &
A
Cjj - !
; ;?■*:
.
$1.91
'
Sons, Inc.—Dividend Increased—
quarterly, dividend of 50 cents
share has
per
been
declared
the
on
common
stock, payable. March 10 to holders of record Feb. 13.
Following ,the ;two-for-one stock split-up in
1947, the company paid
quarterly dividends of 40 cents each on Sept. 10 and Dec. 10.—V.: 167,
13,581,964 156,827,151 142,188,542
45,038
513,253
285,402
rev.^
65,200
revenues—
15,590,587
13,536,926
156,313,898
141,903,140
expenses—
13,231,551
11,512,154
134,605,127
117,761,369
oper.
Operating
Operating
1,824,197
Adjusted'baiancb
the
of
part
$4,187,058
$3,142,274
on
applicable
recurring
'
N
j.
„
income
Adjustment
1947—11 Mos.—1946
$' "
1947—12 Mos.—1946
854
Trust
Telegraph Co.- -Earnings
1947—Month- -1946
Co.—Earnings—
$468,695
.
income
secured
&
19,259,425
$864,760 $12,390,576 $10,289,218*
519,378
7,458,168
6,102,160
653,979
income
exceeding
a
not
Bank
amount, to provide a
motorbusses;—V. 166, p.
Service
1947—Month—1946
-
$873,184
issue
amount
Chemical
like
a
new
Telephone
Operating revenues.
52.
p.
1,393,592
795,387
13,463,866
$1,229,385
$8,244,905
$12,770,820
4,223,988
..
.
9,555,802
November—
operating income'
Net after charges——
575,005
Gross
from
Net
166, p. 2564.
from
Net
983,969*
,
Spokane International RR.-Earnings-
11,370,951
$965,444
——
Net
—V.
Crl0,899
Crl8,699
—;
„
1,620,169
165,929,264s
122,102,755^
14,358,272
1,181,485
income.
oper.
Other
3,638
$784,781
principal
to
par
$
Operating taxes
Total
Total
authorized
22
note or notes of
to be delivered
Southern
$253,983
1,680
82,775
22,380'
taxes,
1,898,015
276,582'
„
18,859,727
;•
Net
Period End. Nov. 30—
taxes—
rev
Net
•
365,932
CV898
$881,791'
'660,792
,
1,922,299
deductions—
2665.
p.
$1,253,750,
and
general
expenses—
_
502,129
2665.
p.
Balance
1944
$1,041,454
revenues—
and
Oper.
1945
-
31,312
1,415,209
Oper.
—V.
1946
1947
$
15,501,194 170,917,368
11,680,880 137,699,369
Southeastern Greyhound Lines—Notes—
to
$
171,419,497" 166,205.846
17,035,137
13,950,560
1,669,368
revenues.
Accrued
Co.
1947—11 MOS.—1946
$
' '
15.532,506
income—
Operating
.'688,743
Inc.—Earnings—
3 Mos. Ended Oct. 31—
$
Period End. Oct. 31—
Y77.925'
$1,214;988
423,192
Crl50
income
funds
233,139
Telephone Co.—Earnings-—
17,127,034
91,897
rev._
Southwestern
acquis.
__
prem. on
equipment
that the proposed offering, of 100,000
$414,226
217,054
1947—Month—.-1946
•
.
charges
166,
Income
Corp.—Financing Postponed—
300,538''
$351,834'
501,820
deductions
The
The corporation has announced
^
oper.
oper.
—V.
certificates.
shares of capital stock has been
,
revenues
after
Net
$7,930,528
4,922,481
income
166,
Bell
"
Uncollectible
1947—12'Mos.—1946
388,086
of
Net
—V.
5,600
<
Operating revenues
Operating expensed—
Operating taxes—_
$656,798
long-term
on
$2,549,184
5,200
../
$0.97
depreciation—
Gross
'
Operating
1,099,372
416,809
taxes'
Amort,
2423.
p;
_
Co.—Earnings-
1947—Month—1946
charges-!—
166,
'
t
$713,367
income
Fed;
after
Period End. Nov. 30—
$8,294,559.^$7;561,334
$0.78
.
income—
Southwestern
••
—
expenses
of plant
adjustments
Ry.—Equipment Issue—
asked
Jan.
13
The
on
$2,543,584!'
—
2665.
p.
for
Other
ICC to issue $8,840,000 of equipment
petition said the' company proposes to buy
28
flew
diesel-electric locomotives and
960 freight cars
at a total
estimated cost of $11,051,550.—V. 166, p; 2422.
Company
trust
$3,024,622
Net oper.
1947—12 Mos.—1946
513,262
Amort,
$481,548
$0.99
after preferred-divi¬
shares outstanding
166, p. 1360.
Louis-San
Si
*
share—
common
$253,885
$3,029,822
500
Pennsyl¬
Co.—Earnings—
$5,679,550
revenue
Prov.
Int.
♦Based
$336,064
—V.
$6,257,079
com.
per
166,
General
6 Months Ended Oct. 31—
♦Earnings
and
'
•,,
'
Net
$254,385
Operating "revenues
OperaLing expenses a.
Operating taxes
and
and
""
:v:
1947—9 Mos.—1946
period End. Nov. 30—
500,000
profit on sale of properties in 1947 and in 1946
sale of properties amounting to $22,624.—V. 165, p. 2930
on
*
income—
Operating
♦Includes
Sept. 30—
Oper. revenues
Net
1947-^-10 Mos.—1946
•
revenues;? $337,414
Uncbllect.i oper.
rev.Lil.^'(f'550
pre¬
one
1947—Month'—1943':
Operating
942,000
$1,484,465
500,000;
-
shares
':
of
,.
is<,located
V;\:- .•■" ■'
South
Common
residents
to
.•
office
company's
pa.
Period End.
Subs.)—Earnings—.
(&
of
was
South Carolina Electric &
Ruppert
($100' par)
and
announced Jan. 14 by
$2,830,417 $16,129,037 $15,048,173
2422.
p.
(Jacob)
9
4,
Southwestern Associated Telephone
Co.^—Earnings—
Period Efid, Oct. 31—
■,
stock
••
The
1947—12 Mos—1946
preferred
organized in March, 1947, to manufacture
market
a
magnetic tape recording instrument bf high fidelity
high frequency range.
•.
::
10 & 25-Cent Stores, Inc.—Sales—
$3,345,526
Monday, January 19, 1948
share.
common
i(
Period End. Dfcc. 31—
6%
2,610 common shares of common (par $1) was
S. Stanley Schary, President.
The price is $101 per unit
vania.
Sales
FINANCIAL* CHRONICLE
Sound Recorder & Reproducer Corp.—Stock Offered—
Standard Oil Co.
$25 a share for
pay
stock.
Co.
Accordingly,
delivered
3
Petroleum
extended
&
ry.
1947
'
railway!—_
1946
$162,823
Income
oper.
1945
1944
$126,142
$208,681'
.
$148,061
:
railway—55,981
;
45,262
33,327
39,003
30,119
.
85,746
22,761
-
23,315
From Jan. 1—
Net
(bef.
profit
for
prov.
inc.
Fed.
taxes)
Southern
131,499
$134,082
BALANCE SHEET,
ASSETS—Cash,
$152,056
OCT. 31,
accounts
receivable
(less
reserve
for
doubtful accounts, $21,438), $133,401; inventories of food and bever¬
ages
(at cost), $78,563;
investments (nominal value), $1;
sinking
fund payments (less bonds purchased as at Oct. 31, 1947, $942,862),
$97; other inventories, $53,958; prepaid expenses and deferred charges,
$131,026; fixed assets (net), $11,741,455; total, $12,422,705.
LIABILITIES—Accounts payable,
$144,057; taxes payable and ac¬
crued, $194,162; accrued expenses, $82,903; credit balance in accounts
receivable,
$17,208;
unearned income—business
rentals
received
in
advance, $23,748; funded debt, $7,724,250; class A common stock ($1
par), $82,050; class B common stock ($1 par), $27,350; capital surplus,
$5,100,720; deficit, $973,744; total, $12,422,705—V. 166, p. 59.
1946
first
and
purchase of the
of its President,
(PSTi,
a.m.
bonds
be
ry.
—V.
railway——
Period End.
Operating
Sept. 30—
revenue
by the company at the office
Los Angelas- 53, Calif., up to 8:30
INCOME
ACCOUNT
'
1947—3 Mos.—1946
>
.
'
——
Gross
Portland
Net
$3,629,055
revenue.
oper.
non-oper.
Net
1947—12 Mos.—1946
income
251,307
$4,020,816
$4,385,071
1,187,362
—
other
and
$4,133,764- $13,765,258 $15,551,420
391,761
revenue—
1,373,144
1,181,554
deducts.
income
Net
$2,833,454
dividends
Preferred
722,638
ry.
Number
of
Earned
—V.
._
$12,892,421
$19,385,665 $13,415,695
3,600,000
3,600,000
2,520,000
$3.58
V
$5.38'
$5.32*
shs
com.
share
per
166,
...
pp. 2665,
1997.
.-
$6,010,159
1,890,000
1947—Month—1946
$
Sales
4,645,429
ry.
1,256,426
5,077,937
1,193,714
4,772,180
4,771,770
$753,377
$642,856
$1,772,475
5,024,832
166,
$
196,396,921
share
stk.
.,
$0.59
outstdg—_
$1.70
$0.61
The
directors
of
dend
ferred
$
1,955,792,524 1,560,612,544
25.42
Jan.
on
cents
9
share,
per
stock,
4.86'%
series,
the
period
from
covering
the
authorized
to
Feb,
on
29,
date
the first dividend quarter for
of
issue,
1948,
of
on
record
Dec.
divi¬
cumulative
on
Feb.
to
the stock, Feb. 29, 1948.—V.
pre¬
1948,
5,
end
the
3 Months Ended Nov. 30—
Gross
sales
Operating
Other
1947
1946'
$6,715,531
—__
36,965
58,283
—___
$1,421,744
♦$45,953
._
*82,918
$2,283,604
Gross
♦411,790
Oper.
&
Income
taxes
590,967
—_
profit
Surplus
$830,777
share—$0.76'
tBased
♦Loss.
V.
._——_—;__
per
166,
p.
1,100,000
on
2108.
shares
of
♦$45,953
Nil
capital
stock
'
.
166,
Period End. Oct. 31—
Operating revenues
Operation
Co.—Earnings—
1947—Month—1946
$308,398
$269,494
Nov.
5,4oy,326
7,604,^oJ
1,304,480
2,140,379
3,770,775
155,698
27,951
taxes —32,011
taxes on income—
21,300
Maintenance
—_
—
General
Fed.
Retir.
21,505
311,622
203,599
23,312
303,640
266,085
28,100
291,866
352,927
14;887
16,594
.192,700
Squibb & Sons—Declares Initial Dividend—
i,
investor
$56,551
$61,999
$748,806
$786,916
(net)——
1,023
1,408
3,910
income
Income
output
for
adjustments
—V.
$57,574
_
deductions
$63,407
$752,716
$795,554
10,641
income
166,
inc.
Fed.
8,227
112,785
114,160
$46,932
$55,179
$639,931
$681,394
Int.
—
Amort,
Other
the
preferred
is
first
Operating
revenues
Operation
—:
1947
—
for
other
—
depreciation.
than
income
Fed.
income
taxes
1946
1945
$4,841,488
2,196,577
$4,232,915
$3,971,026
1,779,824
Standard
$7,694,335'
3,345,163
4,249,308
60,579
filed
Standard
255,977
222,852
296,469
158,189
292,498
608,631
522,967
760,935/
713,633
" 86,400
7,200
;
-
130,009
J
809,394.
(1,027,375
206,731
410,747
705,447
1,011,428
/
*
$158,929
$1,980,259
$1,832,263
21,037
21,037
252,450
252,450
148
148
1,773
1,773
debt
disc.
&
.
1,903
246
$133,318
$137,498
$1,708,639
$1,568,756
34,358
34,358
412,296
412,296
$103,140
$1,296,343
V.
earnings
$1,055,652
$1,204,072
$1,079,026
368,628
income—net
Ben
220,337
133,866
Mr,
—V.
O.
'
stock
17,398'-
9,284
$98,960
—
51.
the
legal
Dey
General
railroad's
staff,
will
income
$1,424,279
$1,424,408
247,089
;
473,587
$1,212,892
560,497
the
Counsel,
Law
continue
as
retired
Department,
company
a
member
last
on
Dec.
of
1947,
31,
Dec.
the
announced
income
166,
p.
i
2665.
$1,177,190
$950,821
$652,395
<
Gross
—V.
earnings
167,
p.
158.
as
Bank
of
transfer
serial
preferred
$4 cumulative
the
City
of
series
A
York
New
&
Electric
Co.—Time for Filing Briefs
'/A
/•'
extended
to
Jan.
to
of
of
for
filing
the
proxy
to
requested
soliciting
the
company.
materials
to
solicit
nominees for
the
date
opposition
the
use
the
20
supporting briefs in
by the management
election
to
stockholders'
stockholder
the board
meeting
of
directors.
until
Feb.
3.—
Co.
the
42
head,
after
18 years as
18;
board
of
Gross
Earnings—
1948
*.
$5,461,697
contract
a
the
it
use
of
agreement, this company has granted The Lanerecently developed bottom-hole gas well flow¬
its
announced
was
instrument
Jan.
on
records
12.
production
is
from
necessary
tests.
each
sand
gas
desirable
nor
The
while
kill the
to
instrument' may
the
well
also
be
The instrument consists
essentially of a detecting element, a recording
and a small ■■ motor,- powered by flashlight
battferies,
operates the recording mechanism.
anemometer
connected
in
change of the
change is recorded
52.
■'
This
The detecting element is
Wheatstone
a
resistance
hot
on
wire
it
as
chart
a
bridge circuit
is
as
cooled
by
function
a
of
to
which
hot wire
a
measure
the
flowing fluids.
time.—V. 167*
.
,
Staten Island Rapid Transit
Ry.—EarningsNovember—
from
Gross
Net
from
Net
ry.
directors.
-
'
<
1947
$5,095,738
1947
1946
$258,551
$325,546
$273,304
♦11,987
59,012
36,502
*62,702
♦227
♦14,254
2,957,104
4,745,'501
4,853,391
84,303
3,259,587
326,895
1,635,614
1,982,203
♦570,015
♦301,071
705,422
988,573
railway-
'railway—
income—
oper.
1945
1944
$378,733
90,224
20,356
From Jan. 1—
Gross
from
from
Net
ry.
railway
railway
income—.
oper.
♦Deficit.—V.
166,
p. .2424.
.
Sterling Drug, Inc.—Merges Two Divisions—
sions,
E.
the
The
of
a
divisions,
Stanley I.
Centaur-Caldwell
merger
was
Clark,
annodnced
Centaur
and
on
and
the
R.
Caldwell
E.
advertising a'nd
Molle
Brush'less
Phenique,
Joseph
and
Wickes,
will
who
of
Mr.
Fletcher's
Mr.
Dr.
w;
1,
B.
1948,
Caldwell
supervise
Vice-Presidents
have
been
Marschner will
CaStorta,
of
elected
supervise
Iroriized
Yeast
Doolittle
will supervise'the
Laxative,
CamphoBaby Powder.
Caldwell's
and Z.
Vice-President
to
Division
respectively,
unit.
new
Shaving Cream.
continue
Dr.
by James Hill, Jr., President.
was in charge of the two divi¬
Doolittle,
Jayne's P-W Vermifuge
E.
_
subsidiay,
•;
effective Jan.
the
merged unit.
promotion' of
promotion
and
26,
divisions,
Vice-Presidents of the
advertising
Dec.
Vice-President,
Marschner
Division,
of The Centaur Co.
remains in charge of
L.
Division
and
Ry.—Estimated
Week Ended Jan. 7—
Net
—V.
shares, of.
-
flowing, it being neither
in
order
to
make
productivity
used on gas injection wells.
Co.
167, p. 51.
Southern
from
52.
Formation
Dey,
with
the
120,000
National
recently postponed
p.
The
well
the
Gross
Total deductions
SEC
167,
$1,156,460
_____
Southern Pacific Co.—General Counsel Resigns—
years
dividend
86,400
?
$156,407
—
p.
the
158.
p;
proposes
representing
483,339
424,961
taxes
167,
of
.
approval of its slate
The
p.
—
pfd.
accrued
chart,
1947—12 Mos.—1946
$8,913,671
309,486
__(
long-term
Balance
—V.
of
Net
Co.—Earnings—
$666,203
7,200
income
of
167,
Gas
and
material
meter,
1,547,226
299,690
—
—
Maintenance
Other
Electric
63,320
147,757
debt
series
stock.., The-Chase
registrar.—V.
Net
Div.
City Gas & Electric Co.—Earnings—
12 Mos. Ended Nov. 30—
Federal
&
$766,020
_■
deductions
Net
Provision
Co.—Weekly Output—
391,336
taxes-
of
plus
for
.Wells
1947—Month—1946
__
income
on
share,
per'
$28,033
p. 2564.
Sioux
Taxes
Gas
taxes
expense
Net
Indiana
deprec.
plant acquis.
of
$100
consisting of 90,000 .shares, designated
of
revenue
Operating
expenses
Gross
Gross
Dr$305
$22,554
8,638
oper.
income
257,991
Power
Period End. Nov. 30—
Prov.
at
1947.
Stanolind Oil & Gas Co.—Contract
Agreement
Gross
General
Other
155,404
273,664
Dr$479
Colorado
Southern
192,957
income—
137,512
130,023
2,494,000
Amort,
amoritzation
Utility
85,240
136,370
_
2316.
stock,
265,660
this company for the week ended Jan. 3, 1948,
kwh.,
as
compared with
2,380,000
kwh. for
the
corresponding week last year, an increase of 4.8'%.—-V. 167, p. 158.
$3,062,357
1,259,872
accruals
reserve
and
117,985
355,605
23,764,203
Transfer Agent and
Registrar Appointed—
The
Guaranty. Trust Co*..of New York has been appointed
2215.
p.
Electric
1947—12 Mos.—1946
$3,423,151
1,574,518
125,876
422,526
2,667,324
lindings
$707,088
68,501
„—
Southern
totaled
Sierra Pacific Power
$766,476
175,740
div.—
23,564,041
•
1,685,325
Through
*$353,507
V'v; Nil
outstanding.—
$363,693
—
deprec. &
—V.
Net
^Earnings
$380,132
.
668,356
*: v
;
4,826,581
^as
1947—2 Mos —1946
•
247,021
798,353
income—_
oper.
Co., Ltd.—Earnings—
1947—Month-1—1946
—
maintenance
Taxes
Int.,
income——
earnings
488,075'
$2,192,635
.
of
"$353,501
—
income——
Total
Power
Canada
Period End. Nov. 30—
1945
$13,944,629
1,363,753
57,992
——n
profit
Southern
Co.—Earnings—
♦537,755
17,390,621
Extended—
Seeger Refrigerator
'
1944
$1,454,593
20,661,164
(E. R.)
158.
167, p.
1945
•
327,023
V U The directQrs. on Jan. 6 declared an initial-quarterly dividend of
$1 per share on l$e new $4 cumulative series A
preferred stock, payable on Feb. 2,
Qf this issue, 20,000 shares were recently sold to ah:
$2.06
initial
an
1947,
16,
1946♦
$1,706,435
agent
of
payment
stockholders
•
♦Deficit.—V. 166, p.
on
Initial Preferred Dividend Declared—
2422.
p.
$670,034
;,v'
799,167
railway—
railway——
from
Net
Seattle—Earnings—
$2,361,118
from
Net
4,704,981
$3,203,517 $10,492,973 $11,569,077
969,530
——___
per
com.
$3.07
1947—11 Mos.—1946
$
267,572,523
—_
—V.
Earned
,
Sears, Roebuck & Co.—December Sales Up 36.2%—
Period End. Dec. 31—
Remainder
220,194
income—
oper.
From Jan. 1—..
institutional
profit—
615,119
236,548
-1947
railway.....
railway
from
Net
$15,138',402 $16,274,058
1,193,890
dividends
Common
1,933,'907
635,778
176,647
&
from
Gross
Net
1,890,039
349,502
184,807
166, p. 2316.
Spokane
'
$22,476,940 $19,429,728 $81,544,831 $71,391,496
16,847,885
15,295,964
67,779,573- 55,840,076
—
Operating expenses
1,460,566
474,003
V
November
Profit after charges
Net
1,765,330!
railway
oper.. income^!^
received
1944
$21,572,421 $34,165,665 $29,465,695 $23,095,505
Federal income tax^—
8,680,000
13,580,000
15,800,000
16,835,346
Prov. for conting., etc..
1,200,000
250,000
250,000
from
from
Net
20.
Jan.
on
will
West Fifth St.,
601
COMPARATIVE
Int.
1945-
Gross
Co.—Bids for Bonds—
is inviting bids for the purchase from it of $40,000,000
refunding mortgage bonds, series A, due 1973; Bids for the
company
Gross
Schenley Distillers Corp.—Earnings—
1947
Edison
Net
The
$284,204;
Quar. End. Nov. 30—
California
$103,072
1947
of
the
B.
T.
General
Drug Co., a Sterling
advertising and promotion of
Volume "167
Number 4665
:
THE COMMERCIAL
MidoJ.v In addition, he will, set? up a mew Centaur-Caldwell display
advertising contract departments Sales forces have been comb.ned
under
R.. E.
New
Gray,
General Sales Manager.
Net
Assistant Secretary^-
/;
•*+'
'..
R. E. Gray, who was
appointed General Sales Manager of the newly
formed "Gentaur-Caldwell Division;' effective Jan.
1, has been elected
Assistant Secretary.—V.167, p. 52.
tiV
...
(J. P.)
This
Stevens & Co., Inc.—Acquisition—
*
Truax-Traer
.
Period Ended Nov. 30—
3'Mos. '47
Gross sales (estimated).,
B.
Stokely,
Lodi,
of
Calif,,
into
and
Foster
Donald
has
&
Wood
B.
been
was
operated
the
are
in
1933
by
for
the
William
sole 'stockholders
H.
Foster
jo.n
166,
7
profit.
record
in
;1947.,... The
produced.
The
share
share
Dec.
turning out
previous best year
record
new
42.9over
Production
191,451
9 Months Ended
166,
company broke
when
of
own
were
over, 1946
.
.
A
trucks
Units
58.5%
■
,
Sept. 30—
'
in
tire
*1946 ;
1947
other
taxes'(est.)
J
Balance
'
"•
common
*"Inckidei only- two
which
was
^,V'
'
$2,504,232
839,746
1
*
■
»
'!
'
stock
$6,492,300
£ months of/'operations
r-3 Months Ended Noy. 30—
Gross operating
Production,
taxes
$0.46
Transwestern
.of
167, p.
Oil
Co.
158.
operating
and
1947
(geological,
1946
$7,717,529
3,180,600
2,822,909
exps.__
$8,004,277
•Intangible development expenditures/^/.__^^.___
$8,251,503
4,790,063
Net Income for the period
Net income per share__-_
$3,461,440
$1,187,825
$8.18
for Federal
and
income
_.
4
expired,
taxes.—V.
rents
interest
166.
tons.
on
debentures
and
leases,
(par $5) at $37 per share,
count of $1.—V. 166,
p. 2565.
?;y;; .77,
Operation
with
dis¬
a
Maintenance
General
Fed.
—'
7——
taxes
taxes
Retire,
Income
on
reserve
v.,
27,991
404,576
IV/ar
58,858
V 60,000
40,833
592,966
$123,074
$1,456,507
4,376
39,713
operating inc., ; r $95,085
income—net_7--- ;1,150
-
.
$96,235
$127,449
•
/, .,V /4.060
811,452
equal
811,800
•
490,000
V
$1,560,847
*
1
7,628
$1,496,220
$1,568,475
42,905
.
41,367
$123,966
167, P.-527
-Vi*---
$1,453,315
"U
,
.
,
$1,527,108
natural
1947—Month—1946
taxes .197,440.7
taxes
7—V..
Prop, retire,
res,
approp.,
years.
II,
of
Jan.
rated
castings
stated
14
annual
194,423
2,152,526
1,086.130
62,500
1,030,500
*.
i^;L-_l'-II+77;^.',>^r7;i9277v7v;'i. 1,511
Gross income
Int.
on
Int.
on
„$387^02*7
^ 7~
58,021,',
notes—777 7 ;7 3,372 7;
of
serial
,
1
and
of
*
debt,
,
..
disc.
of
3,431,200
rated
that
t-
also
active
in
status
kept
Sale
3,815
/
43,489
1,872
7 •'
495.000
Net
income
Preferred
,19,975 .7
/
$315,022
229,781
dividend
require,
for
the
-
.
• •
347
United
States
$3,198,795
In
further
facilities
the
rated
Steel
annual
since
Jan.
steel
ingot
and
certain
castings
steel-producing facilities
although previously authorized
the
full
capacity
the
of
surplus
a
mill
plant
in
Torrance,
storage
the
of
facility
V
-229,781
I
92,374
director.—V.
3,198,795
to
'/
1030.
p.
•
&
to
of
remove
cold
a
A
'a
coal
new
mine
constructed
at
extent
buy all
in
or
such
by
the
several
steel
of
the
rolling
buildings to make
designed for
non-recur¬
United Utilities
has
The
directors
share
on
3.'
the
In
&
have
been
named
President
this
company
for
declared
$75,000,
nounced
on
Jan.
5.
The surplus facilities
of
quarterly
dividend
of
stock
was
also
declared,
payable
*26.
dp.
20q0,
Wallpaper,
1829,
12 »/a
1621
cents
Feb.
and
to
Domestic
protein
Beeckler
cinder
Sale
denced
for
the
animal
feed
Associates.
block
terms
by
a
Located
buildings
provide
and
for
stillage
on
leased
certain
the
waste
the
Earnings
•After
property,
were
;.:!»■
1947
1946
$3,776,493
$3,662,153
by
of
20%
cash,
a
the
balance
retary.
ceeds
The
five-year mortgage
at
4%.—V.
$0.10
$0.38
taxes.-
and
F.
He
Linke
has
William
has
been
R.
been
appointed
Assistant
Controller
Controller
Hall, resigned.—V.
166,
since
p.
and
May
Assistant
1946,
and
Period End. Dec. 31—
Sec¬
suc¬
—V.
$660,541
166, p.
1829.
Wholesale
and for
Retail
>
the
sales
were
12 months,
257,
against 243 in December,
1,904, against 1,696 at Dec.
were
"
I,
Co.—Bonds
sold
was
.
Placed
at
100%
Pri¬
interest.
and
plant expansion.—V. 166,
the
of
sale
Logan counties,
' \
additional
an
West
for
Pro¬
2216,
s*
p.
850
of
acres
Virginia.
The land was
"approximately $170,000"
■■
■
;
holdings in the State
$500,000
received
from
stockholders through
to
164,280 shares
on
from
the
now
its
of
acres
amounts
to
West
about
latest
sale
the
coal
land
sale
last
payment on Oct. 16,
of capital stock.
amounts
year
last, of
»
to
the
on
Stores, Inc.—12 %-Cent Div. .Declared—
Jan.
on
167, p.
declared
9
a
quarterly dividend of 12% cents
stock, payable Feb. 15 to holders of record
paid on July 15 and Oct. 15,.last year.
Se»
common
were
158.
'/iv.vv
..
Hydro-Electric
Manufacturers
Agent
for
Wisconsin
A
Trust
the
$12
River
of
$13,500,000
the
;!'/
'
'/:
-
Co.—Transfer
Agent
Co., New York, N. Y., has been appointed
par value common stock.—V. 167, p. 90.
Power
Co.—SEC
Sets
Hearing
new
Water
Power
&
the
company,
ffqper Co.,
a
electric energy in
selling
and
Wisconsin.
southern
•'
Power
to
proposes
:'.
subsidiary
will be considered
on Jan.
22, the SEC announced Jan. 12.
corporation, River Power .'Jfc ''dhgaged principally
distributing
River
for
program
on
7
vV
financing
Consolidated
hearing
in
at
generat¬
and
central
*'•
$4,B6b,000 of common stock, which
the Wiscbnsin Public Service Corp.; a
sell
will
first
mortgage
Insurance
interest
The
bonds
of
proceeds
River
Power
River
for
to
River
of
has
Co.
rate
agreed
Power.
The
purchase
to
Northwestern
$8,500,000
Mutual
at' par,
at
Life
an
2%%.
from
the
sale
of
the
stock
and
bonds
will
enable
acquire
and develop two dam sites on the Wisconsin
of hydroelectric energy,;;
1
application filed with the SEC,
River
Power's
authorized capital stock is $5,000,000,
consisting of 50,000 shares of
common
stock
i$100 par).
*
/
7'
In
addition, the application also requests
orders
declaring River
the
According
production
to
the
Power
not to be a subsidiary of Public Service
and Power and Light;
exempting Consolidated and its subsidiaries from all provisions of
the Holding Company
Act; and declaring Public Service and Power
and
Light not to be
124,
p,
650.
holding companies with respect to River Power.—
'
-
&
.
Dessauer
Co.,
Fort
.
Wayne,
Ind.—Registers
With SEC—$1,200,000 Loan Placed Privately—
A
registration
with the
Ind.
statement
SEC Jan.
9
covering 75,712 common shares was filed
by the company, department store of Fort Wayne,
-■
The shares are to be publicly offered
by a group of underwriters
Maynard H. Murch & Co., and Lee Higginson Corp.
Of the
total, 50,000 shares are from the estate of G. Irving Latz, the remain¬
ing 25,712 shares to be sold by the company.
The company has negotiated a 15-year loan of $1,200,000 with Lincoln
National
$516,463
$2,401,891
Life
Insurance
retire bank loans.
Co.
and Home Life
The balance of
Insurance
the proceeds
proceeds of the sale of treasury shares'are
Co.,
using $750,-
of the loan, plus
to be added to
general
funds, providing reimbursement for expenditures in connection with
$1,809,347
"The
store
mon
company,
business
in
an
,T'
"* \,i
V
incorporated'In 1920, operates the largest department
expansion program.
1947—5 Mos.—1946
-
be
acquired equally by
subsidiary of Standard Power & Light Corp.; the Wisconsin Power
& Light Co., a subsidiary of the Middle West
Corp., and Consolidated.
The additional $8,940,000 will be provided by the
sale of 30-year
000 to
2216.
1947—Month—1946
.
and for the
,
headed by
Virginia Dare Stores, Inc.—December Sales—
Sales
17.7 %
Financing Plan—
net
■
evi¬
1,187,990
share
common
charges
478,211
1,207,990
outstanding:
land,
payable quarterly with interest
166, p. 2565.
operated
per
18.97e,
Telephone
and
Like amounts
Wolf
150,139
the property includes two
equipment.
payment
pre¬
record
New Controller Appointed-
an¬
by-product recovery
and
10-year mortgage for the realty and
personal
profit
Common
shares
Harold
from
in
the
of
Subsidiaries)
Net
closely intermingled with
Trenton, Mich., have been
used
on
holders
1397.
3 Months Ended Sept. 30—
sales
Hedges, has been
the War Assets Administration
were
share
per
1
18.3%.
months.
12
of
Inc.—Earnings—
(Including
"
formerly
Forrest
quarterly dividend of 10 cents per
stock, payable Feb. 10 to holders of record
like amounts were paid on Jan. 25 and Nov. 10.
ferred
31
\
the
all
Tranesfer
A
-
succeed
of
were
Dec.
announced
Boone
Wisconsin
a
a
usual
23.—V.
in
directors
also V.
V.
V
in
to
December
&
issue
received
Feb.
ing,
Specialty Corp.—10-Cent Com. Div.
The
Jan.
Light
.
.share
per
will
common
1947,
in
accounts at
preceding
166, p. 2466.
White's Auto
Co.,
States Sugar Corp.—New President—
Wetherald
;
acres.
The
>
Coke
:
slightly over $1 a
share.
Company officials would not indicate what disposition would
be made of the $170,000 received for the land.—V.
158, p. 496.
'•%
'
Harry P. Vaughn has been .appointed Vice-President and Resi¬
dent Manager and Malcolm W.
Bigg as Secretary-Treasurer.—V. 166,
p. 1726.
7 7" ; -r'
.7.: .7'/.7.7.; 7:7>' - •/'■! -1,■';;//
facilities
distillery
to
.<
1932.
Co.—Acquires Additional Facilities
Government-owned feed recovery
facilities of a privately-owned
sold
&
'
.
increase
an
increase
an
pur¬
Kentucky—
subsidiary.
P.
operation
distributed
Cash
mill.
States Coal
the
over
$8,988,000,
a decrease of
Increase of 6.3%.
an
corporation
land
Nearly
by the Department of Justice that
V
7/
V i"7'7-.':7' "77.77. Y.r'Yy':'
daily production of 5,000 tons
a
12.8%
$60,321,000,
The
10,000
to
Harry M. Moses, President of this unit, said the new mine will he
completely mechanized. Construction work will get under
way immedi¬
ately and coal production is expected to begin
early in 1949.—V. 166,
p. 2666.*
- 7'
•, "
" .'
Charles
of
Westmoreland coal land
for the
way
:
this company (previously
for the week ended
now
•
The
;-v
Supply Co. (Mo.)—December Sales—
were
in cash.
event
part of the volume.
or
•Net
Trenton Chemical
in
government
American
Inc.)
In July, last year,
Westmoreland, Inc., sold 3,150
Virginia coal lands to the same company for $500,000.
for
and
manner
Machinery and equipment
removed
Lynch, Ky., by the United
Stocks, Inc.-—New Director—
162,
such
be
Unit to Build New Coal Mine in
$4,058,545
375,678
Joseph F. Cullman 3d, Vice-President of Benson
elect
will
city limits.
United
a
plant
The sale is subject to an
opinion
it is,not violative of anti-trust laws.
6,413
$3,682,867
3,401,227
..-•Computed giving effect to elimination of extraordinary
ring tax benefits not offset by special charge.—V. 166, p.
elected
to
it may determine.
as
the
at
of
Co.,
purchased by the Kelly-Hatfield Land Co.
.
portions
in
Declared—Stock
Westmoreland, Inc.—Sells More Coal Lands—
appraised fair value of $5,007,877.
terms of the sale, the purchaser will
pay $500,000 cash on
1, 1948, and the balance when the transaction is finally complete.
Columbia Steel Co. will have full
right to dismantle, remove, or dispose
of
properties
for December,
in
This
coal
an
Under
«.
2466.
at
Calif.,
——;v.
preferred
108,576,000 kwh., an Increase of 10.99% over the
kwhi for the corresponding week of 1947.—V.
special dividend of $3
reduction
and
Exchange—See
Inc., above.
Electric
&
month
Wholesale
1977.
dis¬
steel
electric
increase
an
1946.—V.
was
aluminum
"
Co.—Dividend
ceeds will be used for
Buys Plant—
of
bonds
100.00
f
vately—Harris, Hall & Co. (Inc.) and the First Trust Co.,
of Lincoln, Neb., announce the sale privately of
$1,250,000 first mortgage bonds, series
B, 3Vs%, due Dec. 1,
have
be
to
totaled
Western
capacity
which
25.44,
•——-—------
convertible
•:'/
for the
Units
1,
marginal
includes
also
in
York" Stock
97,843,000
months,
1946.
sold
were
New
1948,
of
31,
in capacity represent smaller
tonnages
largely because obsolete facilities were
following their intensive use during World
operation,
and
United
375,678
•
Allied
20.39
12,652,000.,
,v
/
Electric
the
$52,094,000,
Steel
Tralles.
103,523
period-
income,,—__—
&
*54.17
10,140,000
;T__
$49,724,000
Works
$3,530,000
a subsidiary, for $4,181,000 has been approved by
Administration, it was announced on Jan. 7.
plant, built by the Defense Plant Corporation and operated dur¬
ing the war by the Aluminum Co. of
America, cost $12,900,000 and has
Feb.
Tobacco
42.66
$26,932,000
-
cash_+
resources
Water
,
increases
■
$2,823,117
•Net
follows:
as
$121,-
The
190,433
133,613,
$304,720
10,
415,000,
furnace
blast
annual
the War Assets
•-
22^465
.chgd;,uto;-.construe^.*,'/*,
;
in
Corp.,
The company reports December total sales of
$12,518,000, an Increase
of-4.4 % over December, 1946, while sales for the 12 months were
net
12.3%,
or
48,801
•*
/
acquisition, adjust, .-- .I.,,. , 49,148
<
19,148
Other int. & deducs/-^ I
''vV'^;742^':.r«vV7,517
39,160
$5,108,521
•
v.•
i
tion—credit. 7__+
Chicago
"11.51
preferred^
of
the
for
31,226,200
tons,
,Columbia Steel Co.,
925,679
525.746
l.
Int.
Bank
actively,
5,721,000
T,
Western Auto
additions
because
States
construction
$5,069,361
$4,045,366
''i;> ;*'• 1,'87'2
Amortiz. of utility plant
been
distribution
158.
divided
were
;
158.
of
as
1947, amounts to 1,679,000 net
This increase reflects additions to
facilities, as well as restoring
Unit
730.833
18,576
«
•*-41.250
r
.
expense
National
has
167, p.
JI^,'
:
and
166, p. 2216. '
167, p.
>
increase
United
tons.
1,456,394
•*
$4,026,790
.
$377,975
mtge. bds.-<_^—_
Amortiz.
Co.—V.
preierreds__
output of
American
pre¬
capacity
amounting- to
increase
that
production
and
chaser, plans
1947—12 Mos.—1946
•
-$387,0.10; ^v$376,464
.
First
years
Weekly Output Increased 10.99%— '/'.Sv/Vir-'-I'.v
Jan.
on
a
-
actual
out
The
be
V Net oper. - revenues.- J
Other ■ income
and
4.10%
on
Power
The plant comprises a 226-acre land site and
55-concrete-steel build¬
It is located just outside the Los Angeles
-; ;76,160
97,77J 7.
.'7w78,0()0ir;*
;
Rubber
Water Works & Electric Co.,
rubber," Mr.
natural, according to
ings.
Operating revenues
$1,485,785
$1,261,637 $16,576,361 $14,811,718
Operating expenses.^---725,564..^552,090
8,280,415
6,629,451
Other
bonds
Penn
Listed
"
The. corporation's
foregoing net
Columbia does not
-
.
Texas Electric Service
Co.—Earnings—
Federal
20
'
•
•
with
to
...
and
net
a
explained
such consideration
Period End. Nov. 30—
The
of
past
$21,211,000
resources
W«st
.
775,731
655.000
-
3,484
$92,175..
—-V.
the
investments of this Fund
bonds
stocks.—V.
Re-
Feb.
^
the
•Includes
by United States
Steel to other steel
companies.
These last-mentioned faciltiies, having
an
annual capacity of
1,292,000 net tons of steel and 1,841,100 net
tons of pig iron, have not been lost to the
country, as they now are
being operated under their new ownership.
455,702
'§1,118
•
for
Asbestos &
equit;es
Total
Vice-Presi¬
ferrous
these
3,475,343
: 29,000
.
Coe,
Geneva, Utah, purchased by United States Steel from the Government
1946, the announcement concluded.•
/
7
7 7
4,114,644
52,929
>
John P.
in
1947—12 Mos.—1946
283,609
Utility
Other
The
$7,569,423
.
by
Corp.—Capacity Increased—
ingots
1940.
Fairless
postwar
than
to
$8,035,146
49,070
accruals
Vice-President
As
Anderson
y. ■■■'. >
rubber
actually had added
7,537,GG0 net tons to its steel
producing capacity during this eightyear period, an increase of 27.1%.
He added, that the corresponding
increase in blast furnace
capacity during this period was 5,932,500 net
tons, or 26.5%.
Thus, United States Steel has increased its basic
productive capacity by more than one-lourth
during
the war and
been
$594,365
410,703
least
2148.
p.
represents
1,
other
mantled,
1947—Month—1946
$687,905
"at
Steel
of. steel
This
Jan.
Mr.
provision
Tampa Electric Co.—Earnings—
revenues.—-
•Total
12
7/7 ■■;",;71'r;v7|7'7
stock
Period End. Oct. 31—- 7
all
.
stocks
Investment
sales
■
Talon, Inc.—Secondary Offering—On Jan. 6
Blyth &
Co., Inc., made a secondary offering of 2,500 shares of
Operating
13
natural
1948, amounted to 24,860,500 -net tons of pig iron
products, a net increase in the past eight years
of 2,494,700
tons, or more than 11%, he added.
V
/
'
The foregoing figures do not
include 300,000 net (ons of additional
steel producing
capacity and 1,000,000 tons of additional blast furnace
capacity which are now in course of installation
by the corporation.
376.
p.
States
production
3,794,292
undeveloped
of
:'v',7 *^"''V*'-T"77f•'7
common
Jan. 8
Appreciation
the-most conservative chemical engineers
«ven
as
■Eenjamin F. Fairless, President,
1. 1948, this corporation had
taken
'
rubber
new
Jan.
$2.81
abandoned
1948.
Union
output
$4,982,117
\incomeAXwwW^^^^^^£U-;
depreciation,
Jan.
anything .achieved heretofore
He added that
United
87,497
and
on
surpass
or
industry under sponsorship of Office of Rubber
liminary data."—V. 166,
$4,894,620
•247,226
depletion
Elected—
^U. S. Gov't short-term bonds and
;
geophysical,
general ahd: administrative
"Including
the
Common
operated by U. S. Rubber at Borger, Texas.
The
by Copolymer Corp. in Baton Rouge, La.
'
\
data have indicated tire tread quality substantially
over
the
since
$11,184,877
-
Income-.l.^,.-!,^---/./,^!;-
leases
on
unconsoli¬
and
Gross profit—
Miscellaneous
-•Total
split-up
of
capacity at Jan. 1,
'•
••
■rate
$2,175,529
$1.32
shaTe'_c--;/.fc-i^__r-______
•
...
liExclusive
is that
'"Preliminary
,'
328,703
.
Superior Oil Co. (Calif.)—Earnings-
>
two-for-one
after
'
plant
>
merged with Sunray on Aug, 2, 1946.- -V.
1
V-.'vS-f-',
V .'■*
't
575.000
$7,332;046
,
'•*£>. X ■*"' "I
to common
per
1,800,000
declared-!.^*-
or
1948
preferred,
Wellington Fund, Inc.—Division of Investments—
is operated
improved
I
of
tOn
77
announced
was
rubber
Coe said.
>
outstanding
consolidated.
not
serve.
One
^
.
2,309,000
Earning^
shares
companies
Manager of the company's synthetic rubber division,
.who
said two large plants
are
now being
equipped to produce the
superior new rubber, which results from research conducted
by the
8,432,338
*
9,
convertible
financing of production, refining and
industry. He also is a director of The
petroleum
On
earnings of
1,
Mr.
the
and General
$13,820,570
•'
cumulative
Stock—
Feb.
on
for
+$1.15
,". "7,. 7
r
treads
iifi$26,943,160
Net Inao
Preferred dividends—paid
.palled for redemption
3%%
147,662,400
.
■
_.
the
in
and
836,800
J$1.15
synthitic rubber which may equal
new
dent
■...\
■-r:\
and
*
f$3.51
2,302,500
f$3.17
t$2.25
fOn 699,864 common shares.
dated equities.—y.
166, p. 2317.
expenses,
13,986,115
Reserve for depletion -and >depreciati6ir test,
)-I~/'. 3,825.000
Prov. for Federal and State income
*
in
t$2.50
1946.
.Rubber—,
,
its
and
ears
150.192
increase
aq
p.'*. 2316.'
Gross,
Costs
equity
Jan.
Chicago,
engaged
United States Rubber Co.—To Produce New
Synthetic
Record—
passengers
1923,
was
represents
1941.*—V.
the
announced
by
*
•'
,
Sunray, (Ml * Cor^.-^Earnib^s--:
_
of
1945
3,258,200
common
20,
called
Director
effective
1946
/ $28,323,100 $19,254,000 $14,581,100
3,612,800
2,537,900
863,800
—
common
synthetic
.
1947
common
1,401,528
!
the Stokely organization In execu¬
■■■*<>-*
>
Corp.—Breaks
Vance/iChftirman, has,
production
and
-
'
>
9
outstanding
heretofore
<
.
\
Corp.—Calls Preferred
Jan.
on
/
*
■
New
Corp.—Earnings—
sales.
•Including
v- /
*
Petroleum
presently
not
17,563,820 155,273,761
'
,
-y'
$
,•
redemption at $106.73 per share (in¬
cluding accrued dividends).*
The right to convert the preferred into
common1 stock
will expire at the closd
of business on Feb. 4, 1948.
J.
P. Morgan
& Co., Incorporated, acts as redemption and transfer
agents."1.
*•
" V
'• 1
" v■
•' *.
■>'
Studebaker
S.
J
2147.
p.
States Plywood
per
and
successfully In packing fruits and vegetables in tne
its
stock
the
liNet profit
Earned per
and
company,
the
of
•Net
Earned
^ t *,
$
Hugo A. Anderson has been' elected a director of Warren Petroleum
Corp., succeeding J. H. Boyle who resigned as an officer and director,
Consolidated
of
merger
I
88.
p.
2605.
p.
V*
Warren
has asked the SEC to approve the sale of Its Ohio
Dayton Power & Light Co.- for $7,830,000. The
put up for salq at competitive bidding.
(For further
under Dayton Power & Light Co. in V. 167, p. 152J—
to
see
167,
'
The corporation
of
were
United
on 'JanV 13 announced that this cor¬
>"an'agreement with Foster & Wood Canning
organized
Wood, "Who
tive capacities.—V.
■
V.
6 Mos. *46
fertile Sacramento and San
Joaquin Valleys.
Messrs. Foster and Wood w ll
r
details
i
166,
<
•
1947—12 Mos.—1946
$
122,203
V;
corporation
6 Months Ended Oct. 31—
stockholders, providing
the latter company into
Stokely-Van Camp, Inc.
sales
$1.10
United Public Utilities Corp.—Asks to Sell Ohio Units
/The
/
its
$1.78
1947—Month—1946
$
985,107
on
•
subsidiaries
Jr.1,- President,1
poration has entered
Co.,
v
;.
tBased
taxes.
1933.
p.
$35/765,000 $55,400,000 $59,420,000
Expansion in California—
W.
6 Mos.'47
$0.81
Period End. Dec. 31—
$7,088,718
1,081,526
shares of capital
now outstanding,
giving effect to the recent 100% stock dividend.
Tonnage of coal produced in the six months' period amounted to
-3,023,690 tons compared
with 12,668,946
tons a year ago.—V,
166,
p. 2565.
^
$1.30
income
49
Walgreen Co.—December Sales Increased 3.2%
1947—6 Mos.—1946
$4,309,229 $10,309,094
796,384
1,753,934
•
Federal
propert.es
Stokely-Van Camp, Inc.—Gross Sales—
(293)
stock
.
fended Oct. 31, 1947.—V. 166,
1
share
per
CHRONICLE
(& Subs.)—Earnings—
1947—3 Mos—1946
$6,312,161
•After
through its subsidiaries Lola Mills, Inc.,
Stanley^ N. C.,a cotton --spinning "company, for $900,000 late in. 1947,
it was announced pm Jan. 13^ !
: -:
' '
'
[, The/Stevens Company and Its'' subsidiaries also reported sales of
.
Co.
sales
fEarnings
-
FINANCIAL
•Net profit —jc- /; ' 1,279,906
companjt' acquired
$63,300,000 for the fiscal quarter
Coal
Period End. Oct. 31—
'
.
&
Fort
shares authorized
.
Wayne.
and
.
Capitalization consists of 200,000 com¬
outstanding.
.
50
THE COMMERCIAL
(294)
Compton, Calif.
alabama
Ala.
Bond Sale—The $620,000 bonds
offered on Jan. 13—v. 166, p. 2707
—were
purchased by a syndicate
Bond
composed of the Equitable Secur¬
ities
Corp.,
New York,
Eldredge & Co., of
Fox, Reusch & Co.,
and Widmann & Co., both of Cin¬
cinnati, as 2%s, at a price of 100.27, a net interest cost of 2.12%y
Manager, will receive sealed bids
Jan. 27 for the pur¬
chase of $750,000 not to exceed 4%
Dated
highway
bonds.
from
improvement
serially on Feb. 1,
Due
1949
inclusive.
1968
to
bonds.
1, from 1949 to 1958 inclusive.
Dated
Feb.
1,
1948.
Interest
The next highest
bidder was Phelps, Fenn & Co.,
Watkins, Morrow & Co., and First
National
Bank,
Montgomery,
jointly, for $11,000 as 4s, and
payable
F-A.
$509,000
2%s, at
as
par
Arizona
Maricopa County School Districts
(P. O. Phoenix), Ariz.
Bond Offering—J. E. De Souza,
Clerk
of
of
Board
receive
will
Supervisors,
sealed
until
bids
2
Feb. 2 for the purchase of
p.m. on
$205,000 not to exceed 4% interest
bonds
coupon
$7,000
High
Union
District
School
bonds.
Due
Jan. 1, from 1949 to
on
terest
of
interest
one
bonds.
Dated
cash
tion $1,000.
less
1, 1948. Denomina¬
No bids for the pur¬
a price of
said bonds at
of
chase
than
sold for
less than
par and accrued interest to date of
delivery. The opinion of O Melveny & Myers, of Los Angeles, ap¬
proving the validity of the bonds
will be furnished the purchaser,
only
for not
and
prior to the date of delivery
of the bonds, at the expense of
the City. Payment for the deliv¬
at
or
of the bonds shall be made at
office of the City Treasurer.
certified check for 3% of the
District
the
Bond
the
to
City,
Clerk,
City
until
bids
21 for the
re¬
7
D.
Mc¬
purchase of $85,000 not
interest sewer, elec¬
to exceed 5%
tion
Denomination
bonds.
1925
and accrued inter¬
delivery will be
Interest J-J. 'The
$1,000. Dated July 2, 1925. Due on
July 2,, as follows: $10,000 from
1955 to 1961, and $15 000 in 1962
purchaser will be required to pay
par
date
to
considered.
of
for the printing of the bonds.
The
purchaser will be furnished with
a-certified copy of the transcript
of the
proceedings so that the
same may be passed upon by the
attorney for such purchaser.
A
certified check for 5% of the total
-
bid, payable to the County
amount
Treasurer, is required.
(P. O. Prescott), Ariz.
'
Sale—The $630,000 bonds
Bond
offered
Jan. 12—v. 167, p. 90—
on
were
Beck
&
by Refsnes, Ely,
purchased
Co., of Phoenix, and As¬
sociates,
as
V^:rv:yV-:
follows:
of the par
value of the bonds, pay¬
able to the City Treasurer, is re¬
quired.
,
Fair view Sch. Dist.,
215,000
incl.
District
bonds,
serially
on
1966
to
School
2%Si (Due
as
July 1, from 1949
incl.
h
';
160,000 School District bonds, as
2V2s. Due serially on July 1,
from
1949
to
San Bernardino
Calif.
1958 incl.
Sale—The
Bond
bonds offered
on
$80,090
Jan.
school
167,
12—v.
of
for
bid
Martinez), Calif.
! V
Sale—The $1,000,000 con¬
struction bonds offered on Jan. 12
,
167, p. 90—were purchased by
syndicate composed of the Bank
rate
1, 1947.
interest
of
shall
of America National Trust & Sav¬
Association,
Heller
Bruce
Francisco,
liam
R.
Blyth
&
Co.,
Co.,
San
&
all
California,
Staats
Pioneers
.
of
Bank, Wil¬
Co..
both
of
Los
upon
agencies
ZJ*
of the
est.
par
accrued in¬
the date of delivery and
bidder offers par and
terest to
state
premium, if
separately the
and the rate of interest, of¬
fered for the bonds bid for. Each
bid must be for the entire amount
of said bonds of each issue at a
-
the
Angeles, :'
3s, at a price of
as
a basis of 2.923%.
Dated *
1, 1948. Due serially on Feb.;
100.397,
Feb.
1, from 1949 to 1959 inclusive.
Principal and interest (F-A) pay¬
able
at
the County
Treasurer's
office.
colorado
Bond
l'nson,
City
bids
receive
will
Clerk,
sealed
until
7:30
t
on...!
p.m.
purchase of $395,- '
series of 1948 '
28 for the
"an.
;
Colo.
Offering—Helen C. TorriJunction,
Grand
000 water revenue,
Dated Jan. 1, 1948.
bonds.
coupen
$1,000.
Denomination
Due
on
'
$5,000 from
from 1954:
Lo 1958; $40,000 from 1959 to 1965, '
and $45,000 in 1966,
Bonds ma-"
turing from 1959 to 1966, shall be ;
T,
Jan.
1950
follows:
as
$10,000
1953;
to
of the !
option
the
at
redeemable
will consider the issuance of $550,-
inverse numerical order
cn Jan. 1, 1958, or on any interest
payment date thereafter upon 30
days' notice at 102, plus accrued
000
interest.
Election—At
Bond
held
be
on
Jan.
the
23
voters
hospital bonds.
terable
Pittsburg, Calif.
Election
Bond
election
An
—
water and
sewer
bonds.*
San Jacinto School District,
;
Riverside County (P. O.
V i1*-
Riverside),
Bond Offering
Calif.
—
receive
will
sealed
Jan.
19
for
bids
for less than
both inclusive.
par
^
City Treasurer's office. The:
City will furnish the approving
opinion of Myles P. Tallmadge, of J
L>enver.
A
cert.fied -check for
the
connecticut
1C
until
New London 'j
The bonds will be
Conn.
$500,000 tax
Note Sale—The
>
an-
ticipation notes offered on Jan. 6
i
purchased by the First National Bank of Boston, at 0.96%
L
were
discount.
The
coin
Due
:i
1948.
20,
May
on
•
only other bidder was LinR. Young & Co., at 0.98%.
•.
less thar
delaware
and accrued interest to date of
Each
bid
must state
delivery.
and ac-
par
Principal and interest payable at
the
sold for cash onlv, at not
„
interest. *
or
interest will be considered.'
crued
Peque-
purchas:
of
$250,000 construction
bonds.
Dated March 1, 1948.
Denomina¬
tion $1,000.
Due on March 1, as
follows: $12,000 frcm 1949 to 1963.
and
$14,000 from 1964 to 1968
on
a.m.
fo principal
$7,300 is required.
r
a!
G.
The bonds are not regis-
as
bid
No
Pending
is
pending to submit to
voters ah issue of $1,275,000
the
in
City
election
an
.
interest, and any that the bidder offers par and ac¬
entire amount crued interest to the date of de¬
of said bonds of each issue, or for
livery, and state separately the
varying rates of interest will be
premium, if any, offered for the
rejected.
Payment for and de¬ bonds bid for and the rate of in¬
livery of the bonds will be made terest said bonds shall bear. Prin¬
at the office of the Board of Su¬
cipal and interest (M-S) payable
pervisors. A certified check for at the County Treasurer's office
3% of the amount of bonds bid These are the bonds authorized at
for, payable to the Chairman of the special election on Dec. 9
Board of Supervisors, is required. 1947. A certified check for 5% ol
rate
single
Associates,
Los
of
Bank
California
and
by
purchased
91—were
p.
*
school
12—v. 167, ;
bonds offered on Jan.
County, gnat, Clerk, Boa'-d of Supervisors
and accrued inter¬
Each bid must state that the
than
less
Hospital Dist.,
County (P. O.
Centro), Calif.
El
"
The bonds will
sold for cash only, and at not
be
Memorial
i; Imperial
r
deter¬
be
the sale.
Principal
and interest *(J-J). payable at the
mined
nardino), Calif.
Sale—The $1C5,0C0
Bond
)
(P. OJ San Ber-
Counties
—V;
a
:
Yucaipa Joint Union Sch. Dist.?
San Bernardino and Riverside
Delaware
of
of
improvement
fered
(State of)
Sale—The $800,000 public
Bond
bid for less than the
1948
15—v.
Jan.
on
167,
,
of-
bonds
-
196—
p.
a
syndicate
Fenn & Co.,
Eastman, Dillon
Campbell, Phelps &
-
Co., all of New York, as 1.60s, at
a
price
of
100.54,
a
basis of
*
by
purchased
were
composed of Phelps,
Blair & Co., Inc.,
&
Co.,
and
Nuveen & Co.,
,
Dated Jan. 1, 1948. Interest pay¬
able J-J.
:
the
purchased by John
of Chicago, as 4s, at
1.541%, as follows:
a
price of 101.018, a basis of
3.854%.
Dated Feb. 1, 1948. Due Los Angeles County School Districts the amount of bonds bid for, pay¬ $250,000 welfare home construe-"
tion bonds.
able to the Chairman, Board oi
serially on Feb. 1, from 1949 to
(P. O. Los Angeles), Calif.
240,000 State hospital construe- 1
Supervisors; is required.
1964 inclusive.
Bond Election—At an election
Principal and in¬
ti'on bonds!
terest
(F-A)
payable
at
the to be held on Feb. 10 the voters Sierra
County '(P. O. Downieville),
200,000 high school construction
will
consider
the; issuance of
County Treasurer's office.
>v■
bonds...
•
'
-- '
■
'e'
$1,500,000 Alhambra School Dis¬
fV/Bond Election
At an election
110,000 store house1 and ware- *
Hemet School District, Riverside
trict bonds.
At an election to be
house construction bonds.
v
County (P. O. Riverside),
held in April the voters will COtf# tafebe held on Jan. 19 the voters
vyiU consider th$ issuance of $175,Calif.
Dated Jan. 15, 1948. Due serial- ;
sider
the
issuance vol
90—were
p.
High
Prescott
■
County (P. O. San Bernardino),
Prescott School District
No.
1
bonds, as 23As.
Due
serially on July 1, from 1951
1966
$375,-
certified
A
Jan.
any,
$285,000 have been
check for 3%
of which
$255,000
to
part
are
of
issue
authorized
an
000
bonds
These
furnished.
on
in New York City.
No bids for less than
Princi¬
pal and interest (J-J) payable at
the City Treasurer's office.
The
approving opinion of O'Melveny
& Myers, Of Los Angeles, will be
sold.
"
multiple
a
"/Due
Denomina¬
tion $1,000. Rate of interest to be
in multiples of V\ of 1%, whith
Jan.
Dated
the fiscal
and accrued interest.
par
of
Yavapai County School Districts
rate of interest in
one
of % of 1%.
5%
City Treasurer,: is required,
Bond
to
Bidders shall not state more than
est
A v certified n
amount of*
payable to the .
expense.
for
check
bonds
: ::
High Sch. Dist.,
Coh^aCostdCounty(P.O^
•
Jan.
on
bonds,
clusive.
will receive
p.m.
Mt. Diablo Union
of ings
as
2,500,000 Los Angeles Junior Col¬
lege District bonds. Due on
Jan. 1, as follows: $80,000 in
1950, and $110,000 from 1951
to 1972, all inclusive.
Segundo, Calif.
Offering—Victor
Carthy,
is
tion,; for 3s, at 100.075.
1, as follows: $1,000,000 in
1949; $400,000 in 1959, and
$300,000 from 1951 to 1972 in¬
principal amount of the bonds bid
for, payable
quired.
Retirement ;nAssocia¬
Angeles; First of Michigan Corp..
of
New
York;
Paine,, Webber,
1968 inclusive.
Jackson
&
Curtis, of Chicago;
Schwabacher
&
Co.,
Lawson,
Los Angeles County Sch. Dists.
Levy & Williams, both of San
(P. O. Los Angeles), Calif.
&
Co.,
of
Bond
Offering — Earl Lippold, Francisco, ; Redfield
Clerk
of
Board of - Supervisors/ Pasadena, Hanraforcl & Talbot, of
will receive sealed bids until 10 San Francisco, and C. N. White &
a.m.
on
Jan. 20 for the purchase Co., of Oakland, at a price of 100.0779, a net interest cost of 2.8187%,
of $18,500,000 not to exceed 5%
interest school bonds as follows: as follows: $500,000 as 2V2s, ma¬
turing $50,000 on Feb. 1, from 1949
$8,000,000 Los Angeles City High
to 1958 inclusive; $150,000 as 23/4S,
School District bonds. Due on
Jan. 1, as follows: $830,000 in maturing $50,000 from 1959 to 1961
inclusive, and $350,000 as 3s, ma¬
1949; $350,000 in 1950, and
turing $50,000 from 1962 tu 1968
$310,000 from 1951 to 1972, all
inclusive.-* Dated Feb. 1, 1948. In¬
inclusive.
terest payable F-A.
8,000 000 Los Angeles City School
ery
sealed
Jan.
if
in
be consid¬
will
rate
The bonds will be
ered.
net interest cost
follows$175,000
a
as
21/zs, maturing $11,000 on Jan. 1,
1949 to 1953; $12,000 from
1954 to 1963, and $60,000 as 2%S,
maturing' $12,000 from
1964 to
Rate of interest to be
multiples of 14 of 1%. Not more
than one interest rate may be bid.
No bid which specifies more than
School
from 1949 to 1968 inclusive.
the premium,
and
Bank of
& Sav¬
from
bidder
any.
El
District No. 33
Due $5,000 on Jan. 1,
100.174,
2.591%
accrued interest to date
delivery
Trust
National
ings Association, of San Francisco,
as reported
in our Jan. 5 issue—
v.
167, p. 90—we learn that the
bonds were sold at
a
price of
that the bidder offers
state
1963 inclusive.
100,000
Each
office.
the
America
election
the
chaser's
the Fresno County
was*
Employees
Details-7-In connec¬
sale of the $235,000
construction bonds to the
bonds.
Principal and in¬
payable at the City
(F-A)
and
par
at
est, bidder
,,
3, 1947.
Treasurer's
A
follows:
as
Buckeye
$105,000
authorized
Dec.
Sale
tion with
$1,000.
1, as follows: $40,000 from 1949 to
1958, and $35,000 from 1959 to
1968, both inclusive. These are the
shall
public
improvement
Due serially on Feb.
120,000
system
Santa 'Clara-
Dist.,
,
Bond
1, 1948.
Denomina¬
Due serially on Feb.
tion
on
$500,000
water
Feb.
Sch.
Gatos
County (P. O. SaH"Jose)-t:-Mi
\
CalifVv''
until 8 p.m. on
bonds
follows:
as
Los
'*
Offering—J. H. Park, City
interest
Monday, January 19, mH/
i
CHRONICLE
PROPOSALS AND NEGOTIATIONS
BOND
Birmingham,
FINANCIAL
&
.
-
california
Election
Bond
Aromas
Joint
Monterey,
Sch.
Union
San
Benito
Santa Cruz Counties,
to
be
Election
held
on
—
At
Jan.
the
be
Orange
Soon—At
held
in
the
an
near
future the voters will consider the
issuance
of
$63,000
construction
bonds.
Bond
issuance
24
San
issuance
Grove
of
Sale
with the
(P. O.
school
bonds
Details—In
connec¬
sale of the
to
Wesley
Election
to
be
$65,000
Hall
&
Co., as reported in our Jan. 5 is¬
sue—v. 167, p. 90—we learn that
the bonds were sold as 3y2s, at a
County (P. O.
Stockton), Calif.
of
in"
the
an
Bonds Not
Voted—At
near
tion
held
on
Dec.
;will consider the
$176,000 fire
equipment bonds.
station
did
not
approve
12
an
the
elec¬
voters
the issuance of
$50,000 construction bonds.
*
court house- bonds.
*
District bondS;'
Sch.
Angeles}, Ccdih^h-
Angeles County
-
*
,
>
Band!Offering—Daniel
J.
Bond
Sale—The
Hy-
an
$20,000
struction bonds offered
on
con¬
Jan. 13
167, p. 195—were purchased
by the Bank of America National
Trust & Sayings Association, of
San Francisco, as 234s, at a price
of
100.275,
a
basis
of
2.59%.
Dated Feb. 1, 1948.
Due serially
on
Feb. 1, from 1949 to 1951 in¬
clusive.
Principal
and interest
(F-A)
payable
Treasurer's office.
at
the
County
The next high¬
ly
on
incl.
election land/ City Clerk, will receive
sealed bids until 8 p.m. on Jan.
to be held on Feb, 10 the voters
will
consider
the - • issuance
of T9 ior the purchase of $365,000 not
to'fexceed 4% interest police sta¬
$1,500,000 Alhambra School Dis¬
tion, fire station, recreation build¬
trict bonds.
V ing and equipment bonds. Dated
Dec. 15, 1947. Denomination $!,Madison School District, Fresno
000.
Due on Dec. 15, as follows:
County (P. O. Fresno), Calif.
Election—At.
—v.
price of 100.122, a basis of 3.485%.
San Joaquin
Pending—At
held
Los
(P. O. Los
San Diego), Calif.
tion
School
South San Francisco, Calif.
Bond
School District,
Diepo County
Monrovia
the voters
Linden Union High School District,
future the voters
and
the
Lemon
Burlmgame, Calif.
election
consider
$35,-
County (P. O. Santa Ana), Calif.
Election
Feb.
Bond
Buena Park School District,
to
will
voters
000 construction bonds.
Bond
on
held
be
election
an
$800,000 construction bonds.
election
will consider the issuance of
election
to
At
«
an
20
and
(P. O.
Salinas), Calif.
Bond
Dist.,
—
at
the
1970
bonds
on
to 1972.
authorized
Sept.
interest
than
at
the
are
the
election
16, 1947. Principal and
(J-D) payable at the City
Treasurer's office.
The
These
par
bonds
and
No bid for less
accrued
interest.
will be ready for de¬
about Feb, 15, 1948,
at the City Treasurer's office. De¬
livery
elsewhere
at
the
pur¬
livery
on
or
of
The
Dover.
Farmers'
the
payable
Bank
State
next
of
'
.
State
,</•
Delaware/;
highest
bidder
Corp.r,
York, Equitable Securities :
Corp., and Donald MacKinnon &
was
the
Union
Securities
New
Co., jointly, for 1.60s, at 100.43.
",
v'V'-"
'
^ " V
florida
Escambia
$10,000 from 1948 to 1952; $15,000
from
1953
to 1969, and $20,000
from
Jan. 15, from 1949 to 1968
Principal and interest (J-J)
•
•
Bond
•'">
County (P. O.
Pensacola), Fla.
Offering—Frank
;
L.
Par-
ise, Chairman, Board of County
Commissioners, will receive sealed
bids
until
10
the
a.m.
on
Feb.
3
for
purchase of $1,500,000 not to
exceed 4%
interest bridge rev¬
'
!
>■;
>
or registered bonds.'
1, 1947. Denomination, 1
$1,000. Due on Oct. 1, as follows: .;
$25,000 from 1951 to 1953; $30,000 j
enue
coupon
Dated Oct.
Volume
167
Number 4665
THE COMMERCIAL
in
1954; $35,000 in 1955; $40,000
in 1956;
$45,000 in 1957; $50,000
in
1958; $55,000 in 1959; $60,000
in 1960;
$65,000 in 1961; $70,000
in 1962; $75,COO in
1963, and $100,-
000
from
1964
to
1972,
all
$1,500,000
bonds
pon
Due
incl.
maturing from 19-34 to 1972,
be redeemable prior to their
stated dates of
maturity, after 30
in
or
Option
1962,
the
or
thereafter, at
par and
150,000
1
multiples of
%, and each bidder
must
to
and
order
on
the
any
one
than
more
rates, and
all
terest at the
rate.
same
three
bonds
maturity must
for
Dated
$2,000
32,000
Feb.
1,
of
bear" in¬
No bid for
bank in
to
held
bonds
will be entertained.
interest
(A-O)
Principal and
Central
Hanover
Bank
at
the
&-Trust
be
Dec. >13,
on
principal
payable
be
only.
may
awarded
bidder
mu¬
interest
the
1947.
registered"
The
to
bonds
the
Central
be
Hanover
made
Bank
at
&
the
Trust
Co., New York City, on or before
«11 a.m. Feb.
17, 1948; The approv¬
ing opinion of Caldwell. Marshall,
Trimble & Mitchell, of New York
City, will be furnished the pur¬
chaser
without
The
cost.
Board
reserves
the "right to
offer
the
bonds at auction, after the
open'ng
of sealed bids, but
only those fil¬
ing sealed bids will be permitted
to bid at such auction.
A certi¬
fied check for $30,000 payable to
the
County,, is
the
are
Dec. 16,
On
These
originally offered
"
/./.
'
.
A'"
•-
•
<
i
\
;
.
were
the
series
bonds of
received
A
Jan.
on
and
B
6
for
refunding
1944.
t*adsen Coun'y Special Tax School
\ Districts (P. O. Quincy), Fla.
Bond
Sale—A
total
of
$352,000
construction bonds were recently
purchased by the Quincy State
Bank, of Quincy, as follows:
0165,000
bonds
Special
Tax
District bonds.
90,000 Chattahoochee Special Tax
School
District
bonds,
i 60,000 Havana Snecial Tax School
District
■37,000
bonds.
Greensboro
School
These
the
•
held
Oct.
on
issue.
each
bids
hy
must
III.
Legality
exters'on and improvement bonds
authorised at an election on Oct. 7
has been approved as to
Bond
Sale—An
bonds
cently
issue of $26,000
purchased re¬
Milwaukee Co., of
was
by the
Milwaukee, as l%s, at a price of
101.096, a basis of 1.664%. Dated
Feb. 1/1948.
Interest
Due
payable
highest bidder
&
Co., for
The
John
County
(P.
(
Bond
school
chased
of
Co.,
1-948.
O.
Sch.
Oak
Dist.
Forest), III.
Sale—An issue of
$74,000
building bonds was pur¬
recently by M. B. Vick &
Chicago.
Dated Jan. 1,
Denomination
$1,000.
Due
Jan. 1, 1968: opt:onal on Jan. 1. as
follows: $3,000 from 1950 to
19-30;
$4,000 in 1961 and 1962; $6,000 in
1963 and 1964, and
1965 to
1967.
$7,000 from
Principal and inter¬
est
payable at the Bremen State
Bank, Tinley Park, 111. Approved
as to
legality by Chapman & Cut¬
ler, of Chicago.
,
County Township High
School District No.
(P.O. Harvey), III.
Bond
Offering
Co..
of
Chicago.
Due
1948
to
Dated
serially
19-32
Jan. -1;'
July 1, from
on
C.
Hutsonville, III.
Voted
At
—
election
'///}:
Election
Bond
election
to
be
Soon
held
—
in
At*
the
an
near
future the voters will consider the
issuance
of
$10,000 water system
construction
bonds.
INDIANA
as
Jan.
of
bonds
revenue
12—v.
167,
highest
3X/4S.
by C.
Chicago,
offered
91—were
W. McNear &
33/4S and* 3 *4s;
as
p,
made
on
Dated
and accrued in¬
par
at;
Sept. 30,
the
1947.
election
Principal
interest payable at the Town
office.
A
certified
for
Crowley Sch. Dist.
Crowley), La.
No. 2 (P. O.
to
be
Election—At
held
on
Feb.
consider
will
election
an
10 the
the
voters
issuance
of
$675,000 construction bonds.
Donaldsville, La.
no
bid
any
Bonds
held
Voted—At
Jan.
on
the
proved
6
Iberia
of
ap¬
$35,000
repair bonds.
Parish
(P. O.
Iberia), La.
New
Bond
voters
issuance
system
sewage
election
an
the
Offering—M
De
a r c u s
Blanc, Secretary Police Jury, will
receive
sealed
bids
until
10
a.m.
Feb. 12 for the purchase of $50,000
not to exceed 4% interest public
improvement bonds. Dated March
1, 1948. Denomination $1,000. Due
March 1, from 1949 to 1968
on
Wheatland Consolidated Sch. Dist.,
Iowa
Bonds Not
Voted—At
election held
on
did
pur¬
not
on
/
special
a
Dec. 24 the voters
the
approve
$6,500 site
Co.,
.
Arcadia Parish
spe¬
$500 for each issue, is
required;/ '
■' ■.
;•;/
//••';/
Sale—The $420,000 water
chased
should
interest, but
authorized
check
next
101.09,
option of
interest pay¬
any
be
Treasurer's
Washington, Ind.
issuance
of
purchase bonds.
incl.
These
ized
at
the bonds author¬
are
the
election
on
Aug. 19,
approving opinion of
B. A. Campbell, of New Orleans,
1941.
will
The
be
furnished
the
purchaser.
Interest payable M-S. A certified
check for $1,000 payable to the
KENTUCKY
IOWA
Parish, is required.
Breckinridge
County (P.
Hardinsburg), Ky.
"
O...
///
Eld or a, Iowa
-
Bond Call—ED.
Bond
on
April 28, 1947.
Estherville, Iowa
Due
on
until
7
p.m.
on
1, 1958,
Dated
on
optional for redemp¬
tion prior to maturity in inverse
interest
Jan.
30
for
bonds.
school
Dated
1, from
1950
Bidders
to
terest
and
in
not
to Jan.
name
1,
the
1969 incl.
rate
multiples of
than
more
of in¬
of
1%,
interest
one
rate' shall be named by each bid¬
der.
Interest
approving
payable
opinion
will
be
of
J-J.
The
Ross,
Mc-
furnished
No bid
for
any
1, 1953,
interest payment date
less
or
the
than
no
All
bids shall
specify
all other
things being equal, the bid of
and
accrued
interest
be
so
conditioned.
fied check for 2%
of bonds bid
A
of the
certi¬
amount
for, is required.
#
Kossuth
County (P. O.
Algona), Iowa
Bond
Sale—The
$500,000
house bonds offered
v.
a
on
Jan.
court
14—
Trust
Jackson
until
10
par
condi¬
certified check for $5,000 payable
onH Jan. ,27
to the School
at
highest bidder
Halsey Stuart & Co., for 2s,
considered.? /A*
County (P. O. Knoxville),
Iowa
Bond
Sale
Cancelled—The
sale
City, is required.'^ "' of the $100,000 emergency bridge
tax
0.97%.
D.
Jan.
on
a.m.
19
for
bonds.
Dated
Feb.
1,
1948.
Oct.
anticipation
1956, both incl.
able
F-A.
A
Interest pay¬
certified
check
for
$500 is required.
Bond
2x/2%
1948.
The
the
was
highest
next
First
National
Bank, of Boston, at 1.02%.
MARYLAND
Crisfield, Md.
Bond Offering—Sealed bids will
be received by Mayor N. R. Coul-
bourn, until 7:30
(EST)
p.m.
building
on
Feb. 3 for the purchase of $30,000
not to exceed 4% interest water
coupon
O.
bonds, rir
$39,000
tion $1,000. Due $2,000 on Feb. 1,
from 1949 to 1963 incl.
Rate of
revenue
bonds
was
Bros.
1, 1948.
Denomina¬
interest
Stein
V;
•
Dated Feb.
Sale—An issue of
school
was
on
system improvement, 1948
Calloway County (P.
Murray), Ky.
$1,000,-
notes
Jan. 6 by the Second
Bank,
of
Boston,
at
Dated Jan. 8, 1948.
Due
6,
bidder
Due
Feb. 1, as follows: $3,000 from
1949 to 1953, and $7,000 from 1954
to
Me.
issue of
the
or
purchased recently by
&
Boyce, and the
Bankers Bond Co., both of Louis¬
ville, jointly. Dated Jan. 1, 1948.
Denomination
$1,000.
Due
on.
July 1, from 1948 to 1956 inclu¬
Callable
after
Jan.
1,
1949,
plus a premium of 1/4 of
for each year or fraction
par,
1%,
thereof
from redemption date to
the stated date of maturity, in in¬
verse
numerical
order
upon
30
days' notice.
est
Principal and inter¬
payable at the Bank of Murray,
Murray. Approved
by Stites & Stites,
as
to
legality
of Louisville.
to be in multiples of Vs
1/10 of 1%. Principal and in¬
terest (F-A) payable at the Bank
of
Crisfield.
County (P. O.
Harlan), Ky.
Bond Sale—The
dicate
revenue
were
delivered
bonds offered
composed
of
the
the
as
to
The bonds will be
purchaser, without
additional expense, within a rea¬
sonable time after the sale there¬
of, in Crisfield
purchaser
or
Baltimore;
The
specify
delivery
elsewhere, upon agreeing to bear
the expense thereof. Approved as
to legality by Niles, Barton, Mor¬
row & Yost, of Baltimore.
A cer¬
may
tified check for $1,500 payable to
the Clerk-Treasurer, is required.
Greensboro, Md.
Bond
$497,000 school
purchased by
Registerable
principal only.
Harlan
on
a syn¬
Bankers
Trust
101.83.
Marion
O.
on
building
next
000
Sale—An
purchase of $36,000 not to exceed
3%%
interest
school
refunding
Jan. 14
The
Note
National
Brown,
Secretary of County Board of
Education, will receive sealed bids
payable at the County Treasurer's
was
date called.
Offering—E.
office.
pur¬
Interest
County (P.
Hardinsburg), Ky.
Bond
sive.
Co., Paine, Web¬
& Curtis, both of
Chicago, and Wheelock & Cum¬
mins, of Des Moines, as 2s, at a
price of 101.84, a basis of 1.774%.
Dated Feb. 1, 1948.
Due serially
on Dec.
1, from 1949 to 1967 inclu¬
sive; Principal and interest
(J-D)
ber,
on
Bangor,
payment
purchased
at
167, p. 196—were purchased by
syndicate
composed
of
the
Northern
surren¬
of
Breckinridge
better
or
shall; be
place
par
specifying the lowest coupon in¬
terest rate will be given
prefer¬
ence.
The City will furnish the
approving opinion of Chapman &
Cutler, of Chicago, and all bids
the
building of
Jan. 1, 1948.
Denomination $1,000. Due $14,000
on
July 1, 1949, and Jan. and July
1948
on
or
June
on
the rate of interest and,
purchase of $560,000 not to exceed
2%
are
numerical order
the
designated in the bonds.
'
Dec. 1* 1947.
Dec. 1, 1948; $13,Dec. 1, from 1949 to
1957,
$13,000
bonds
at
ceases
bonds.
enue
the
dered
Bond
must
Ind.
Offering—Joseph A. Noel,
Secretary of
Board
of
School
Trustees, will receive sealed bids
receive sealed bids until 7:30
p.m.
for
was
thereafter.
Orient, III.
and accrued interest
of
The
$12,000 on June 1, 1958. Bonds
maturing on Dec. 1, 1953 to June
•
an
provement bonds.
W.
purchase
J-J.
the
at
The purchaser will be ireto obtain the approving
on
and
Interest
and
tional bid will be
for. the
on
held
a
3s.
as
Due'
ill-
1, 1948. The bonds
of
less than
sold
1947.
Bond
Bidders
rate
will
bonds
Jan.
inclusive.
bid
000
inclusive.
Waaso,
Secretary Board of Education, will
—
elec¬
1,
serially on
June 1, from 1949 to 1970 inclu¬
sive.
Principal and interest (JD) payable at the Pikeville Na<tional Bank, Pikeville.
opinion, but the Town will fur¬
nish the necessary transcript of all
legal proceedings. These are the
Offering—Glenn L. Storey,
funding revenue bonds offered on City Clerk, will receive sealed
Jan. 7~-w. 166, p. 2708—were
pur-1 bids until 7:30 p.m. on Jan. 28 for ■(
chased by the Channer Securities1 the purchase of $250, electric rev¬
f
chaser.
'
serially
,
Sale—The" $245,000 elec¬
Tght plant and System re¬
tric
olis,
205
award
15,
Jan. 1, from
1968
payable
Bond
Cord, Ice & Miller, of Indianap¬
Cook
1949' to/,
the
terest.
Dated
1964
to
91—were
p.
Dec.
LOUISIANA
on
date.
cify
that
Kokoma School City,
145
1948;/Due
election held
"
No.
ment
quired
.2.876%.
1952
callable
Town
of
price of 100.658,
a
be
the
.
Highland, III.
/
;
next
'
will
revenue bonds offered
9—v.- 166, p. 2608—were
of
follows
1951, and
as
and
Indep. Sch. Dist., Ky.
$96,000 school
on Jan. 12—v. 167,
Sale—The
offered
'
Dated March
&
Whitley, Ind.
3s, for
as
basis
1,
1950
Bond
bonds
,
Nuveen
l%s, at 101.092.'
sold
chaser.
1960 inclusive.
utility
Jan.
on
bonds.
revenue
April
water works bonds.
Due
$400 on April 1, from 1950 to
of the bid,
jSale^The $105,000
Bond
.
tric
from
Trustee, is
above
^
South
,
in
1961, and $35,000 from 1962 to
1967, all inclusive. Principal and
interest
(J-D)
payable
at
the
Bank of Harlan, Harlan.
Dated
Dec. 1, 1947. The approving opin¬
ion of Chapman & Cutler, of Chi¬
cago, will be furnished the pur¬
Tangipahoa Parish Drainage Dist.
No. 4 (P. O. Hammond), La.
Brown, Secre¬
Bond Election—At an election
Offering — Sealed
bids
tary County Board of Education
to be held on Jan. 27 the voters
Goreville, III. '■■■)
be
received
/' will
by
the
City calls for payment on Feb.
1, all will consider the issuance
Bonds Voted —At an elec'ion Treasurer until Feb. 4 for the pur¬
of $300,outstanding 4%% school refund¬ 000
held recently the voters
chase of $500,000 municipal
drainage bonds.
light ing bonds issued under date of
approved
the issuance of
These
$17,000 water sys¬ and power plant bonds.
Aug. 1, 1938. Holders are notified
MAINE
tem bonds. 1 -/,' //:y\;'//'r are the bonds authorized at the
Bond
Cook
;
,
by Charles & Trauernlcht, of St.
Louis. Dated Oct. 15, 1947.
May 1, 1956.
on
M-N.
was
-
legality
'
school
the
required.
works
to
as
held recently the voters
approved
the issuance of $34 000 street im¬
Cook County School District No. 36
(P. O. Winnetka), III.'
to
Bond
issue of $25,000 light plant
Bonds
ILLINOIS
payable
sealed
4,400
The approving-
certified check for 3%
on
to
Nagel
receive
of
as
3V4S, maturing $16,000 in 1949 and
1950; $20,000 from 1951 to 1957,
and
$325,000 as 3X/2S, maturing
$25>000 in 1958; $30,000 from 1959
Pikeville
Mary
—
will
elusive.
the purchaser.
N'o condi¬
tional bids will be considered. A
<■yi/y/#
.
Treeburg,
21,
>//■';
suonl ed
all
and
so conditioned.
Bids must be
for each bond issue
separately and
bids must be for
all
bonds
in
1948.
the bonds authorized
are
.
Tax
District bonds.
election
1947.
Special
be
to
purchaser,
be
Quincy
School
...
Printed
—An
Tenders Received—No ten¬
approving
opinion of Chapman &
Cutler, of
Chicago, and said opinion-is to
be paid for
by the District, the
Bon^S Approved
!
Howey-in-the-Hills, Fla.
y No
ders
the
Clerk,
$400
nished
District,, but
with
Offering
$200
in
Ice
ap¬
of
51
at
102.50, a net interest cost
3.256%, as follows: $172,000
Iowa
$5,600 water works
delivery to
McCord,
voters
issuance
until 8 p.m. on Jan. 19 for
purchase of $10,000 bonds as
inter¬
named
election
an
the
follows:
Miller, of Indianapolis, as to the
validity of the bonds will" be fur¬
multiple of Vs of 1%,
bid will be considered for
less than par. The bonds will be-
the
bids
the
even
delivered
the
Town
Inter¬
no
1947, the sale of which
*
at
an
postponed.
was
-
required.
bonds
be
and
figured at the rate
playground
Iowa
30
Stockton,
The bonds
accrued
voters
of $20,000
$50,000
municipal swimming pool bonds.
Com.
est payable J-J.
opinion of Ross,
shall
bid will be considered
provid¬
ing for more than two interest
rates and said interest rates shall
and
the
and
Voted—At*
Dec.
on
proved
sold for cash and for not
par
29
Postville,
Bonds
held
and
the purchaser of the bonds.
to
no
must
1, 1948.
the bid to the date of
responsible
cost
be
than
est
The
as
the basis of the lowest
to the
on
Co:, New York City. Payment for
bonds
will
less
at such
upon between the
purchaser and the District. These
bonds were authorized at the elec¬
tion
Dec.
on
Due
Feb.
14—
construction bonds.
Bond
Township
Jan.
the issuance
swimming, pool
as
clusive.*
shall be
as
inclusive,
held
approved
Jan. 1, 1962.
on
Civil
Dated
Principal
(J-J) payable
Chicago,
bonds offered
all
tion
$64,000 not to
Building bonds.
Denomina¬
$1,000. Due $1,000 July
1, 1949, and $1,000 Jan. and
July 1, from 1950 to 1965 in¬
certified
1948.
1961
for
Bonds Voted—At
tion
payment
payable
to
$1,000
in
District is required.
of the
less than
:
1950
at
tually agreed
interest
'
bonds.
$140,000
interest
interest
thereafter.
A
check
the
redeemable
any
on
date
bid
.
1, 1967.
scheduled
Monticello, Iowa
a special elec¬
Offering—Charles Green,
Trustee, will receive
interest, bonds
(295)
167, p. 196—was canceled.'
v.
-
follows:
numbered, being
Jan. 1, 1953 to 1966,
or
and interest
name
5,
sealed bids until 2 p.m. on Feb. 3
check
to
building
accrued
$10,000
specify
certified
be
the
in the bid the amount and
maturi¬
ties of the bonds of each rate. No
may
No.
Township
required.
Jan.
par
.
Vs of
or
is
on
bonds
x/2 % if redeemed in 1970 or 1971.
Bidders to name the rate of in¬
in
Bond
$1,260,-
payable
school
Due
1
terest
D.
Rochester), Ind.
$32,000 School Township, build¬
ing
bonds.
Denominations
$1,000 and $500. Due $1,000
on
July 1, 1949; $1,500 on Jan.
and $1,000 on July
1, from
A
$10,000
District
accrued in¬
terest, plus premiums as follows:
P/i% if redeemed in 1962 or
1963;
3% if redeemed in 1964 or
1965;
2V2% if redeemed in 1966 or
1967;
2% if redeemed in 1968 or
1969;
1, 1967.
Township (P. O.
F.
bonds
for the purchase of
exceed
2x/2%
for
-
County, or Oct. 1,
any
interest date
on
Jan.
CHRONICLE
thereafter.
notice, in whole
all, at the
of
R.
building bonds.
FINANCIAL
*
numbered, being
$90,000 on Jan. 1, 1953 to 1966,
or
any interest payment date
part but in inverse numeri¬
if less than
order
cal
Newcastle
follows:
as
on
cOu-1
3%
exceed
000 bonds to be
redeemable at
par and
accrued interest in
the
order
v
Bonds
published
to
$1,350,000 school
will
days'
not
&
Co., Stein Bros. & Boyce,
both of Louisville; F. L. Dupree &
Co., of Harlan; Walter, Woody &
Heimerdinger, Charles A. Hinsch
& Co., Hill & Co., and the W. C.
Thornburgh Co., all of Cincinnati,
Clerk
to the
receive
p.m.
Offering
sealed
(EST)
—
M.
M.
Ginn,
Commissioners, will
on
bids
until
12:30
Jan. 30 for the
pur¬
chase of $45,000 not to exceed 4%
interesting
refunding
provement,
1948
Dated Feb.
and
coupon
im¬
bonds.
1-, 1948. Denomination
$1,000. Due on Fel£ 1, as follows:
$1,000' in 1949; $2,000 in 1950;
$1,000 in 1951; $2,000 in 1952;
^*'
.1'{'ft *vi^r -;^wsfjq
52
i
!W'}^rs«tattm»iTt^^
THE COMMERCIAL
(296)
$1,000
in
1953; $2,000 in
in 1955- $2,000 in
in 1957; $2,000 in'
in 1959; $2,000 in
in 1961;" $2,000 in
in 1963; $2,000 in
in 1965", $2,000 in
in 1967; $2,000 in
in 1969; $2,000 in
in 1971; $2,000 in
in 1973; $2,000 in
in 1975; $2,000 in
in 1977, and $2,000 in
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
Bidders
1954;
1956;
1958;
1960;
1962;
1964;
1966;
1968;
1970;
1972;
1974;
1976;
1978.
requested to name the
are
rate of interest in multiples of
Each issue is dated Jan. 15,1948.
Principal
bonds
will
delivered
be
Department
counts,
Price Paid—In connection with
Sale—The $220,000
Bond
Weeks
The
purchaser
spe¬
may
cify
delivery
elsewhere,
upon
agreeing to
bear
the
expense
thereof. Approved as to legality
by Niles, Barton, Morrow & Yost,
Baltimore.
of
tor
$2,000
certified
A
payable
to
check
the
Town
MASSACHUSETTS
'
Clerk, is required.
14
school
the town on Jan.
awarded
to
Whiting,
were
&
Peabody
100.051,
a
Beckwith,
semi-annual interest payable
the
at
as
National
Second
Bank
of
approved
by
Palmer
&
Dodge of Boston. Second high bid
of 100.02 for 13/4S was made by
Legality
Thorndike,
bidder
was
Best,
Coolidge &
Rugg, of Boston. The next highest
the
First
National
Bank, Mansfield, at 0.89%.
Brocktcn, Mass.
Note
Offering—Leo V.
Clancy,
City Treasurer, will receive sealed
bids
until
11
(EST) on Jan.
20 for the purchase of $1,000,000
revenue anticipation notes.
Dated
Jan. 21,
1948.
Due $500,000 on
Nov. 5, 1948, and $500,000 „Nov.
5, 1948, and $500,000 Nov. 12, 1948.
a.m.
for
ready
The notes will be
delivery
on
,
about
or
Due
Authenticated as
"V;/'
thenticated
be
au¬
to genuineness and
as
Storey, Thorndike,
Dodge, and all legal
cident
with
be
to
this
said
issue
bank
Palmer
papers
will
where
be
&
in¬
filed
they
may
inspected.
Newburyport, Mass.
Note
Otsego,
12
Jan.
that the
2%%.
.
Ann
Bond
in
notes
Jan. 14, 1948.
Approved
validity
Due
Nov. 8, 1948.
on
to
genuineness and
Storey,
Thorndike,
as
by
Palmer & Dodge, of Bostoift9 The
next highest bidder wa$ 'thrO Mer¬
chants National Bank,'Newbury¬
port, at 0.91%.
.
,
,
f
Pittsfield, Mass.
u
Bond Sale—The issue of
$2,500,-
^000 water bonds offered Jan. 15—
167, p. 197—was awarded to a
syndicate composed of the Bank¬
ers Trust Co., New
York; Harris
Trust & Savings Bank, and North¬
ern
Trust Co., both of Chicago;
nnd Phelps, Fenn & Co., and F. S.
Moseley &- Co., both of New York,
v.
1.80s,
as
at
a
price
of
basis of about 1.763%.
are
100.34,
a
The bonds
dated Jan. 15, 1948 and mature
$125,000 annually
to
1949
bid
of
1968
100.31
on
incl.
for
Jan. 15 from
Second
1.80s
was
high
made
by the National City Bank of New
York
and
Associates.
Reading,
Note
Mass.
Sale—The
$75,000 serial
notes offered by the town on Jan.
15
were
awarded
to
the
Second
National Bank of Boston, as
at
a
price oF lpO.391,
a
l^s,
basis of
a^out 1.413 ^gj&ale consisted
of^1/
$69,000 sewerJjoari notes. Due Ja^i,
15, as follows: $8,000 from
■
any
on
principal
accrued
amount
interest
to
accrue
on
any
the
1947.
1,
on
be
to
1, 1955, will be redeemed at a
price of $1,010 plus accrued in¬
terest to date of
redemption; and
bonds called before
but
be
on
or
Sept. 1, 1958,
after Sept. 1, 1957, will
redeemed
at
price of $1,005
plus accrued interest to date of
redemption.
30 days' notice of
redemption
shall be given
by
publication in a paper circulated
a
in the State which
carries,
part
of its regular service, notices of
sale of municipal bonds, and in
case of registered bonds, 30 days'
notice shall be given by mail to
the registered address.
as
;
.
No proposal for less than all of
the
bonds
offered
will
be
to
accrue:
called
fbr
$30.00,
as
redemp¬
con¬
or
as
before
Sept.
1,
1952;
to each bond called for
Sept.
after
1,
1952,
to each bond called for redemp¬
tion after Sept. 1, 1956, and on or
before Sept. 1, 1958; $17.50, as to
each
bond
called for redemption
Sept. 1, 1958, and on or bpSept. 1, 1960; $15.00, as to
each bond called for redemption
after Sept. 1, 1960, and on or be¬
after
fore
fore
Sept.
1,
each
bond
called
1962;
$12.50, as to
redemption
for
after
Sept. 1, 1962, and on or be¬
fore Sept. 1, 1964;J $10.00, as to
each bond called for redemption
after Sept. 1, 1964, and on or be¬
fore Sept. 1, 1967; $7.50, as to each
bond called for redemption after
Sept. 1, 1967, and on or before
Sept. 1, 1970; $5.00, as to each
bond called for redemption after
Sept. lj 1970, and on or before
Sept. 1, 1972; and $2.50, as to
each bond called for redemption
after Sept. 1, 1972); on 30 days'
notice by publication in a paper
in
multiples of xk of 1%. Registerable as to principal only.
Prin¬
cipal and interest (M-S) payable
at the Ann Arbor Bank, Ann Ar¬
bor.
Bonds maturing from 1952
to 1958 shall be subject to re¬
demption at the option of the
City, in inverse numerical order,
on
any interest date on or after
Sept. 1, 1951. Bonds called before
Sept. 1, 1953, will be redeemed at
a price of $1,020 plus accrued in¬
terest
to
date
of
redemption;
bonds called before Sept. 1, 1955,
but on or after Sept 1, 1953, will
be redeemed at a price of $1,015
plus accrued interest to date of
redemption; bonds called before
Sept. 1, 1957, but on or after Sept.
on
redemption
Denomina¬
Sept. 1, as
interest
so
bond
on
or
before Sept. 1, 1954;
$22.50, as to each bond called for
redemption after Sept. 1, 1954, and
on or before Sept. 1, 1956; $20.00,
follows: $30,000 from 1949 to 1952,
Rate
opinion
unqualified
the
upon
con¬
Bids shall be conditioned
sidered.
of
Canfield, Paddock &
Stone, of Detroit, approving the
legality of the bonds. A certified
check for 2% of the par value of
Miller,
the
bonds, payable to the Village
Treasurer, is required.
.
has
men
measures
increased
and
new
Alder¬
of
Board
approved five
providing for
local non-property taxes, together
with a measure that will increase
the wages of 7,500
$20 to $35
by
city employees
month.
a
Mayor
It
was
Kaufmann
stated
he
that
would sign the five new city taxes
into law as soon as the necessary
administrative machinery was set
The
up.
levies
annual
5%
5%
000;
their
and
yield
esti¬
are:
admission prices at thea¬
on
retail
gross
on
of
sales
than
cigarettes,
one-cent boost in the
present
two-cents-a-pack
ciga¬
tax, $750,000, and two taxes
which together increase the city's
rette
take from
the
sports admissions from
3%
present
The
to 5%,-$150,000.
rejected two tax
board
which
measures
would
in¬
have
creased liquor license fees and put
5% tax
a
rentals.
transient hotel
on
room
.)'•
NEBRASKA
MINNESOTA
Detroit
Lakes, Minn.
Voted—At
an
election
Bonds
held
on
the
issuance
of
grand¬
$25,000
stand construction bonds and
000
circulated
carries
'
ice
as
in
the
State
which
lighting system
$20,-
No.
12
(P. O. Richfield Station,
Minneapolis 2), Minn.
printing the bonds
will be
paid by the City. A cer¬
tified check for $6,000 payable to
the City Treasurer,
is required.
Board
receive
will
O.
Barrett,
Education,
of
sealed
until
bids
Jan. 19 for the purchase
District
000
7:30
.
p.m.
on
purchase of $450,-
building bonds.
Denomination
1948.
receive
will
Clerk,
until
bids
1955; $30,000 from 1956 to
1960 to
1962, all inclusive. Bidders may
name
the rate of interest in a
multiple of lk or 1/10 of 1%.
Principal and interest payable at
any suitable bank or trust com¬
pany designated by the purchaser.
The legal opinion of Dorsey, Colman, Barker, Scott & Barber, of
Minneapolis,
must
be
accepted
by the purchaser.
The District
will
furnish
the
printed bonds
and the
above legal opinion
to
the purchaser without cost.
De¬
livery of the bonds will be made
to the purchaser within-30 days
after the sale, or at the purchaser's
option
thereafter.
A
certified
check for $9,000 payable to the
District
Treasurer
is
required.
$40,000
and
These
11,
were
from
bonds
the
are
Dec.
offered
on
bids
received.
1947, for which no
Voted—At
Bonds
Jan.
on
the
proved
issuance
Minn.
election
an
the
6
voters
of
ap¬
$80,000
Feb.
1,
Bond
Rochester, Minn.
Offering—F.
R.
Clerk,
$1,000,
Due
follows: $5,000 in
as
1950; $10,000 in 1951; $12,000 from
1952 to 1955; $13,000 from 1956 to
1959; $14,000 from 1960 to 1962;
$15,000 from 1963 to 1965; $16,000
date.
These
thorized
the
are
the
at
Dec. 9, 1947.
bonds
election
au¬
held
on
Principal and inter¬
est
(F-A) payable at the office of
The Board
reserves the right to
reject any or all bids and to waive
technicalities. The purchaser will
be
furnished
with
the
printed
the County Treasurer.
of Education
bonds and legal opinion.
NEW HAMPSHIRE
Hillsborough County (P. O.
Manchester), N. H.
Note Sale—The $400 000 tax an¬
ticipation notes offered on Jan. 7
purchased
were
Rockland
0.81%
National
Boston,
at
the
by
Bank
,
of
discount.
Due
Merchants
14,
Dec.
on
The next highest
1948.
the
bidder was
Bank,
National
Boston, at 0.90%.
Nashua, N. H.
$300,000 tax an¬
ticipation notes offered on Jan. 13
were
purchased by the Indian
Head National Bank of Nashua,
at 0.888%.
Dated Jan. 14, 1948.
will
receive
bids until 2 p.m. on Jan.
Due
on
the
construction bonds.
City
Dated Feb. 1,
Denomination
Note Sale—The
St. Paul School Dist.,
North
held'
1948.
Dated Jan. 11 from 1966 to 1968, all inclusive.
$1,000. Due Optional on and after 5 years from
Jan. 1, as follows: $35,000 from
1959,
terest school bonds.
on
Ellen-
Bond Offering—Ernie C.
National
Nov.
Boston.
Finch,
ness
sesiled
Gray,
20 for the
purchase of $186,000 various sink¬
ing fund bonds of the City at par
under
Best,
Payable at
12, 1948.
Shawmut
Certified
the
genuine¬
advice
Coolidge
of
Bank
to
as
of
Ropes,
Rugg of
&
The next highest bidder
Whiting, Weeks & Stubbs, at
Boston.
was
0.89%.
value.
Columbus, Miss.
Issue Bonds—The
City
to
is planning to issue $650,000
City
water
system improvement bonds.
Holmes
No.
2
Bond
2M>%
was
Supervisors Dist.
(P. O. Lexington), Miss.
Sale—An issue of $65,000
County,
community hospital bonds
purchased recently by the
Holmes County Bank & Trust. Co.,
of Lexington.
Due
on
discount.
Dated Jan. 131T948. Due
Sept. 13,
1948.
Nov. 3,
as
furnished the purchaser.
bidder
highest
National Bank,
follows: $4,000
$5,000 from
was
Boston, at 0.839%,
NEW JERSEY
'
The next
Second
the
'. ■
0
'
»t
»
Beach Haven School District,, N.
to
1962, all inclusive. Ap¬
proved as to legality by Charles
& Trauernicht, of St. Louis.
njotes.will be
The
approved as to legality byrStorey,
Thorndike, Palmer & Dodge of
Boston, whose opinion will be
Dated Nov. 3, 1947.
from 1948 to 1957, and
1958
Portsmouth, N. H.
},
$250,000 tempo¬
rary loan notes offered on Jan. 9
were purchased by the Merchants
National Bank of Boston',, at 79%*
Note Sale—The
MISSISSIPPI
bonds,
and the cost of
Offering—H.
8 p.m. on
bonds.
Hennepin County Indep. Sch. Dist.
part of its regular servof sale of municipal
qualified opinion of Miller, Canfield, Paddock & Stone, of De¬
troit, approving the legality of the
bonds.
The cost of such opinion
Bond
Secretary
of $250,000 not to exceed 2V2% in¬
notices
and in case of registered
bonds, 30 days' notice shall be
given by mail to the registered
address. Said bonds are registerable as to principal only on the
books of the City Treasurer.
No
bid for less than par and accrued
interest
will
be accepted.
Bids
shall be conditioned upon the un¬
Lexington School District, Dawson
County (P. O. Lexington), Neb.
Jan. 6 the voters approved
1950 to
each
stated
and
purchase of $300,000 not to exceed
3% interest parking system reve¬
nue
series
1947
coupon
bonds.
of
Boston, at 0.885% discount. Dated
a
on
and
and
from 1953 to 1958, all
of
plus
between
$25.00,
will receive sealed
(EST) Jan. 19 for
incl.
the
$200,000;
principal
than all of the bonds will be
Jan. 22 for the
as
and $35,000
by
Bank,
other
for such bond shall be the amount
our
14
purchased
tobacco
the regis¬
Registerable as to
only.
No bid for less
holder.
redemption
maturity of the
bond, in which event the premium
.' "
Due
i
Measures
a x
ters and other amusements, $600,-
sealed
date
bids until 7 p.m.
Sept.
Mo.
T
pal bonds, and in case of regis¬
tered bonds, 30 days' notice shall
son,
bonds
Arbor, Mich.
$1,000,
Non-Property
mated
than the interest to
sold at
were
MISSOURI
St. Louis,
as part of its regular serv¬
ice notices of the sale of munici¬
fixed for redemption, plus
premiums as follows: (unless any
such premiums shall be greater
197—we
p.
1947.
carries,
date
Offering—Fred C. Perry,
Clerk,
City
167,
tion
National
redemption
of the City
the
at
thereof
Bank,
Jan.
-
order,
$18,000
reported
as
issue—v.
to.legality by Charles & Trauer¬
nicht; of St. Louis. Dated Dec. 1,
Approved—The
multiples of
Sept. 1, 1949, in inverse numerical
connec¬
the sale of the
Sale
The $400,000 rev¬
anticipation notes offered on
were
for
tion on or prior to Sept. 1, 1950;
$27.50, as to each bond called for
redemption after Sept.
1, 1950,
enue
Merchants
Co., Detroit. The bonds
callable
be
the option
to
to the State Savings
notes
Dated
—
p.m.
interest payment date on or after
on
Details—In
Sale
with
validity by the National Shawmut
Bank of Boston, under the advice
of
at
MICHIGAN
Note
learn
will
shall
Allegan County (P. O.
Allegan), Mich.
tion
coupon
of
1%; Principal and interest (M-S)
payable
at
the
Farmers
State
Bank, Middleville. Bonds matur¬
ing from 1964 to 1968, shall be
redeemable at the option of the
Village Council, in inverse nu¬
merical order, at par and accrued
interest on any interest date on or
after Sept. 1, 1956, on 30 days'
notice by publication in a paper
circulated
in
the
State, which
of interest
all
notes
troit Trust
Best, Coolidge & Rugg, of Boston.
The next highest bidder was the
Worcester
Bank
&
Trust
C6„
Worcester, at 0.75%.
of
Said
re¬
8
1961; $14,000 from 1962 to
and $15,000 from 1967 to
all incl. Principal and in¬
terest (M-S) payable at the De¬
April 7, 1948.
to genuineness
under the advice of Ropes, Gray,
Jan. 9, 1948.
Jan. 21, 1948 at said bank.
The
right is reserved to reject any or
bids.
until
be in
terest to
1966,
1974,
by the Second National Barik, of
Boston, at 0.73% discount. Dated
Payable at the National Shawmut
Bank of Boston.
bids
revenue
1957 to
..
Gray,
will
Clerk,
City
sealed
C.
(EST) on Jan. 19 for the purchase
of $300,000 not to exceed 31/2%
interest water supply system rev¬
enue coupon bonds.
Dated Oct. 1,
1947.
Denomination $1,000.
Due
on
Sept. 1, as follows: $10,000
from 1952 to 1956; $12,000 from
follows: $15,000 from
1949
to
1952
incl., and $10,000
from 1953 to 1968 incl. Principal
15,
$300,000 tax an¬
ticipation notes offered on Jan. 13 'the Second National Bank of Bos¬
were purchased by the Merchants
ton.
iX;./':*
:■
National Bank of Boston, at 0.83%
Worcester County (P. O.
discount. Dated Jan. 14, 1948. Due
Worcester), Mass.
on Nov. 12, 1948.
Payable at the
Note Sale—The $75,000 tubercu¬
National Shawmut Bank of Bos¬
losis hospital maintenance notes
ton.
Certified as to genuineness
offered on Jan. 9 were purchased
and validity under the advice of
Ropes,
Hastings, Mich.
Offering—Franklin
Bond
bonds.
Dated Sept. 1, 1947. Denomination
$1,000. Due on Sept. 1, as follows:
$2,000 from 1949 to 1952; $3,000
from 1953 to 1964, and $4,000 from
1965 to 1968, all incl. Rate of in¬
tered
Jan.
Storey,
Note Sale—The
basis of 2.498%.
a
ceive
Boston.
Taunton),
price
Dated Jan. 15, 1948 and mature on
and
Bristol County (P. O.
Mass.
of 100.07,
a
and
Co.,
»l%s, at a price of
basis of about 1.744%.
&
as
that the bonds were sold at
Kidder,
both of Boston,
Stubbs,
jointly,
to Waiting,
Detroit, for
improvement bonds
& Co., of
bonds offered by
timore.
various
$82,000
$20,000 as 23/4s, and $62,000 as 3s,
as
reported in our Dec. 22 issue
—v.
166 p. 2608—we now learn
Westwood, Mass.
ex¬
the
Lerchen
Boston.
within a reasonable time
thereafter, in Greensboro or Bal¬
pense,
of
sale
the
interest water supply
exceed 3%
system
also be given by mail to
Grayling, Mich.
100.283
made by Estabrook
was
of
bids received were re¬
which all
Second high bid of
Co.
&
for
29
Dec.
on
jected.
of Ac¬
Corpora¬
Taxation of Massachu¬
and
IV2S
for
of
offered
bonds
Director
the
by
pur¬
additional
without
chaser
the
will
notes
The
of and certified as to
ineness
setts.
and
15)
National
Second
the
Boston.
prepared under the supervision
their genu¬
be
interest
(F-A) payable at the Caroline
County Bank, Greensboro. Regislerable as to principal only. The
Principal
(J-J
interest
and
at
of
Bank
tions
1%.
unqualified opinion of
Miller,
Canfield,
Paddock
&
Stone, of Detroit, approving the
legality of the bonds.
The cost
of such opinion and the cost of
printing the bonds shall be paid
by the City. A certified check for
$6,000 payable to the City Treas¬
urer, is required.
These are the
the
upon
from 1954 to 1958 incl.
payable
Bids shall be conditioned
sidered.
incl., and $4,000
15,000 water loan notes. Due Jan.
15, as follows: $2,000 from
1949 to 1953 incl., and $1,000
%
■of
1953
1949 to
from 1954 to 1958 incl.
Monday, January 19, 1948
CHRONICLE
FINANCIAL
&
Bonds
Not
Voted—At
J*
elec¬
an
tion held on Dec. 30 the voters did
not approve
the issuance of $110,-
000 construction bonds.
Middleville, Mich.
Bond Offering — Robert
Monroe
Dean,
Village Clerk, will receive sealed
bids until 8 p.m. on Jan. 19 for
the purchase of $60,000
not to
i
County (P. O. Aberdeen),
.
—An issue of
Clifton, N. J.
Miss.
Bonds Approved
as
$25,000 l1/2 % County
approved as
home bonds has been
Note
to Legality
000
Sale—^An
bond
purchased
.
...
•
issue
!
of
-
$325,+
anticipation notes
on
d.-.'
was
Jan. 8 by J. B.^jlgB"*
\.
'
cr'
Volume 167" Number 4665
THE
aber & Co. of Newark, at 114%,
plus a premium of $97.70. Due on
Dec. 15, 1948.
-
&
FINANCIAL
CHRONICLE
000 in 1949;
$7,000 in 1950 and
1951, and $9,000 in 1952 and
at the First National Bank & Trust
1953.
,
Hudson County (P. O. Jersey City),
COMMERCIAL
vaiid
15,000
of 1947, series A
$1,000 on Feb. 1,
water
bonds.
Due
Co., Tuckahoe.
and
The bonds will be
legally binding obliga¬
tions of the Town.
be
delivered
at
The bonds will
New
York
City,
New Jersey
or at such other place as
from 1949 to 1963 inclusive.
may be
\
Bond Offering—William F. HefDated Feb. 1, 1948. Denomina¬ agreed with the purchaser about
fron, Clerk Board of Chosen Free¬
Feb. 15, 1948. The approving opin¬
All of said bonds
holders, will receive sealed bids tion $1,000.
ion "of Vandewater, Sykes & Heck¬
until noon on Jan. 22 for the pur¬ stated in combination will mature
chase of $472,000 not to exceed Feb. 1, as follows: $30,000 in 1949 ler, of New York City, will be
furnished the purchaser. A cer¬
6% interest refunding coupon or to 1951, $35 000 in 1952 and 1953,
tified check for $540 payable to
registered bonds. Dated Dec. 1, $25,000 in 1954 to 1964, $30,000 in
the Town is required.
1947.
Denomination $1,000.
Due 1965 to 1967, $20,000 in 1968 to
on Dec. 1, as follows:
$11,000 in 1970, $10,000 in 1971, $5,000 in Hempstead Union 'Free Sch. Dist.
1948 and 1949, and $50,000 from 1972 to 1974 and $6,000 in 1975.
No. 9 (P. O. Freeport), N. Y.
1950 to 1958 inclusive. Principal
(Average maturity HV2 years.)
Bond
Sale
The
$1,885,000
and interest (J-D) payable at the Principal and interest (F-A) pay¬
bonds offered on Jan. 14—v. 167,
County Treasurer's office. Rate of able at the Citizens First National
interest to be in a multiple of Bank & Trust Co., Ridgewood. p. 198—were purchased by a syn¬
dicate composed of the Bankers
Ys or 1/20 of 1%, and must be the Rate of interest to be in a mul¬
Trust Co.; Kidder, Peabody & Co.;
same for all Of the bonds. No bids
tiple of Vs or one-twentieth of 1%,
will be considered which specifies and must be the same for all of Paine, Webber, Jackson & Curtis;
the bonds.
No proposal will be Bacon, Stevenson & Co.; First of
a rate higher than the lowest rate
Corp.,
and
Hannahs,
stated in any legally acceptable considered which specifies a rate Michigan
Ballin & Lee, all of New York, as
proposal.
Each
proposal
must, higher than the lowest rate Stated
2.70s, at a price of 100.55, a basis
state the amount bid for which in any legally acceptable proposal.
of 2.651%, as follows:
must not be less than $472,000 nor Each
proposal
must
state the
more
than
Due
$473,000.
The pur¬ amount bid for the bonds, which $1,710,000 building bonds.
chaser must also pay an amount shall be not less than $616,000 nor
serially on June 1, from 1949
to 1977 inclusive.
:
The pur¬
equal to the interest on the bonds more than $617,000.
accrued to date of payment of the chaser will be furnished with the
170,000 site bonds. Due serially
on June
purchase price.
The purchaser approving opinion of Hawkins,
1, from 1949 to 1968
will be furnished with the ap¬ Delafield. & Wood, of New York
inclusive.
."
proving
opinion
of
Dated Dec.
Hawkins, City, that the bonds are valid and
1, 1947.
Interest
Delafield & Wood of New York legally binding obligations of the
payable J-D.
The next highest
City, that the bonds are valid and Village.
A
certified check for bidder was the Chase National
legally binding obligations of the $12,320 payable to the Village, is Bank, New York; Harris Trust &
County.
A
certified check for ■required.
' .Vy,
Savings Bank, Chicago; Salomon
$9,440 payable to the County, is
Bros. & Hutzler; Reynolds & Co.,
TenaHy, N. J.
required.
i'v;
and Wm. E. Pollock & Co., jointly,
Bond Sale—The $48,000 munici¬
1
—
,
,
4
.
Township School Dist. pal center and borough hall bonds
Livingston
offered
(P. O. Livingston), N. J.
Bonds
held
on
Voted—At
an
election
Jan. 6 the voters approved
of $380,000 building
the issuance
and
equipment bonds.
ton,
City
Clerk,
will
receive
sealed bids until 2 p.m. on Jan. 27
the purchase of $820,000 not
for
to exceed 6%
housing
bonds.
interest emergency
registered
1948. De¬
Coupon
or
Dated Feb. 1,
purchased by B. J. Van
Ingen &. Co., of New York, as
1.70s, at a price of 100.109, a basis
of 1.675%. Dated Jan. 1, 1948. Due
Boland,
The
was
inclusive.
&
Co.,
"
for
,
1%%
■y.y
Union
Bond
1953; $30,000 in 1954, and $35,000
all
Saffin
bonds, at 100.08.
from
1973
Feb. 1, from 1949 to
Principal and interest
(F-A) payable at the Northern
Valley National Bank, Tenafly.
The
next
highest
bidder
was
nomination $1,000. Due on Feb. 1,
follows: $25,000 from 1949 to
to
on
incl.
1956
as
1955
County (P. O.
Elizabeth), N. J.
Requested
Authorization
County Board of Freeholders
recently requested by the
The 695,000 bonds maturing from
1954 to 1973, are subject to re¬
authorize
demption at the option of the City
improvement bonds.
at
par
and
accrued
interest
County
on
in the bonds.
Principal and inter¬
est (F-A) payable at the Passaic
National
Bank
&
Trust
Co.,
Pasaic.
Rate of interest to be in
multiple of Vs
a
and must be the
or
1/20 of 1%,
same
for all
of
the bonds.
The purchaser will be
furnished
with
Commissioner,
Park
an
to
isue of $200,000 park
West Paterson, N. J.
Feb.
1, 1953, or any interest pay¬
ment date thereafter, as provided
Bond Sale—The
$93,000 refund¬
ing bonds offered Jan. 14—v. 167,
p.
198—were awarded to Camp¬
bell
at
&
Co., of Newark, as 2.70s,
of 100.175, a basis of
price
a
about 2.68%.
Dec.
15,
The bonds are dated
15, 1947 and mature on Dec.
as
follows: $8,000 in 1955; $15,1956 to 1960 inclusive,
000
from
Hawkins,
and
$10,000 in 1961.
New
bid of 100,079 for 2 %s was made
the
opinion
of
Delafield & Wood; of
City, that the bonds
are .valid and
legally binding ob¬
ligations of the City. A certified
check for $16,400 payable to the
City, is required.
York
Second high
by Ryan & Moss, and J. R. Ross
& Co., jointly. .■
■' ,vV\
NEW YORK
„
Ridge wood, N .J.
Bond Offering—Grant V. Tay¬
lor, Village Clerk, will receive
sealed bids until 8 p.m. on Jan, 27
for the purchase of $616,000 not
to exceed 6%
interest coupon or
registered bonds as follows:
$225,000 water of 1947 bonds. Due
■V.f on Feb. 1, as follows: $9,000
from 1949 to 1963; $10,000 in
;
1964; ,$13,000 in 1965; $12,000
in 1966; $13,000 from 1967 to
1970,-and $3,000 in 1971.
147,00,0 storm sewer bonds. * Due
;
on Feb. 1, as follows: $5,000
.
from
1949
to
Amenia, Washington and
Union Vale,, Union Free School
District No. 2 (P. O. Dover
Plains), N. Y.
Dover,
Bond Sale—The $65,000 build¬
ing bonds offered on Jan. 13—
v. 167, p. 198—were purchased by
Roosevelt & Cross, and Tilney &
Co., both of New York, jointly, as
2.10s, at a price of 100.41, a basis
of 2.046%.
Dated Feb. 1, 1948.
Due serially on Jan. 1, from 1949
to 1963 inclusive.
Principal and
interest
(J-J) . payable
at the
Chase National Bank, New York
City. The next highest bidder was
the Dover Plains National Bank,
1965; $7,000 in
1966; $6,000 in 1967; $7,000
from»1968 to 1971; $5,000 from Dover Plains, for 2.10s, at 100.10.
1972' to 1974, and $6,000 in
Eastchester (P. O. Tuckahoe),
/.
,1975.
for 2.70s, at 100.479.
93—
New
York
Bond Sale —The
fied
check for $200 payable
the District is required.
Note
$120,000 water,
Sale—The
both of which
Corn
*
Exchange Bank & Trust Co.,
,
4
-
tenders
Grove, N.. C.
Offering —W. fc, Easter-
ling, Secretary of Local Govern¬
ment
Commission, will receive
sealed
until
bids
11
a.m.
(EST)
Denomination
1947.
on
$1,000. Due
1, as follows: $2,000 from
to 1953; $3,000 in 1954 and
1949
York, bought $500,000 at
The notes are dated Jan. 29,
1948 and mature on July 29, 1948.
The Authority, in the case of this
offering,
had
limit
to
the
Dec.
alternative
no
but
1955, and $4,000 in 1956, all in¬
clusive, without option of prior
redemption. Bidders are requested
rate
1%.
to
coupon
to
the interest rate
name
or
rates
The unsold
portion of $16,800,000 in a multiple of 14 of 1%. Each
however, are being read- bid may name one rate for part
notes,
vertised for sale
out
on
Jan. 20 with¬
restriction as to interest
this being left to the dis¬
any
rate,
cretion of bidders.
be
received
the
at
troller's office,
of the bonds (having the earliest
maturities) and another rate for
balance, but no bid may name
the
than two rates, and each
bidder must specify in his bid the
amount of bonds of each rate.
more
Note Offering—Sealed bids will
City
Comp¬
Room 030 Munici¬
Principal and interest (J-D)
(EST)
on
Jan. 20 for the purchase of
$16,800,000 temporary loan notes.
able in New York City.
Dated Jan, 29, 1948.
1948.
the
Building,
pal
Action
on
until
Bid
noon
Due July 29,
respect to the $2,299,000 notes of¬
fered by the Authority on Jan.
16—v. 167, p.
198—only
one
offer
received, a group of banks
headed by the Chemical Bank &
Trust Co., New York, having of¬
was
to
purchase
able
pay¬
Register-
to
principal only. Bids
forms furnished by
above secretary. No bid for
as
be
must
on
less than par and accrued interest
Deferred—With
the
issue
for less than all of the bonds
or
will be entertained.
Feb.
6, 1948 arid mature on Aug.
10, 1948. :■/
The approv¬
ing opinion of Mitchell & Per¬
shing, of New York, will be fur¬
nished the purchaser, A certified
for
check
$400
payable
Treasurer
State
is
to
the
required.
Durham, N. C.
Offering —W. E. Easter-
as
1.17s, at par. Acceptance or re¬
jection of the bid is subject to de¬
Bond
ling, Secretary of Local Govern¬
ment
Commission, will receive
sealed
bids
at
office
his
in
Ra¬
leigh, until 11 a.m. on Jan. 27 for
the purchase of $3,800,000 not to
exceed
6%
interest
coupon
or
registered bonds, as, follows:
from 1949 to 1978 inclu¬
North Hempstead Union Free
sive. Principal and interest (J-J)
$1,750,000 water bonds. Due on
School District No. 7 (P. O.
Feb.
payable
at
the
First National
1, as follows: $30,000
Great Neck), N. Y.
from
1951
to
Bank, Highland. The next highest
1963; $40,000
Bond Sale —The $925,000 con¬
bidder was the Marine Trust Co.,
from 1964 to 1967, and $75,000
struction, equipment and improve¬
from 1968 to 1983 inclusive.
Buffalo, and Vostal, Hall & Co., ment bonds offered on Jan. 15—
990,000
street
improvement
jointly, for 2.60s, at 100.90.
v. 167, p. 198—were purchased by
bonds. Due on Feb. 1, as fola syndicate composed of the Union
Huntington Common Sch. Dist.
I
lows: $60,000 in 1950; $30,000
Securities Corp., R. W. Pressprich
No. 2 (P. O. Lloyd Harbor,
;
from
1951 to 1954; $50,000
& Co., both of New York; Equit¬
Huntington), N. Y.
from
1955 to
1957; $55,000
able Securities Corp., and First of
Bond Offering—George H. Gil¬
from 1958 to 18*30; $60,000 in
Michigan Corp., of New York, as
lies, District Clerk, will receive
,1961 and 1962; and $75,000
2.40s, at a price of 100.72, a basis
sealed bids until 3:30 p.m. on Jan.
from 1963 to 1967 inclusive.
of 2.322%.
Dated Feb. 1, 1948.
20 for the purchase of $230,000 not
600,000
sanitary sewer bonds.
Due serially on Feb. 1, from 1949
to exceed
4% interest building
Due
on
Feb. 1, as follows:
to 1968 inclusive.
Principal and
coupon or registered bonds. Dated
$10,000 from 1951 to 1961;
interest
(F-A)
payable at the
Feb. 1, 1948. Denomination $1,000.
$15,000 from 1962 to 1967, and
Corn Exchange Bank & Trust Co.,
Due on Feb; 1, as follows: $15,000
$25,000 from 1968 to 1983, all
New
York.
The
next
highest
from 1949 to 1959; $20,000 in 1960
inclusive.
bidder was Harriman Ripley &
arid
1961; $15,000 in 1962, and
460,000
p u b 1 i c
improvement
Co., Smith Barney & Co. and
$10,000 in 1963. Rate of interest
bonds. Due on Feb. 1, as fol¬
Goldman, Sachs & Co., jointly,
to be in multiples of V4 or 1/10
lows:
$10,000 from 1951 to
for 2.40s, at 100.649.
of 1%, and must be the same for
1964; $15,000 from 1965 to
all of the bonds.
Principal and
Utica, N. Y.^\yp:>'-y:
1967, and $25,000 from 1968
interest
(F-A)
payable at the i Note Sale—The $1,700,000 tax
i; to 1978 inclusive.
First National Bank & Trust Co., anticipation
notes offered on
Dated Feb. 1, 1948. Denomina¬
Huntington. The approving opin¬ Jan. 13—v. 167, p. 198—were pur¬
tion $1,000. Principal and interest
ion
of
Hawkins,
Delafield
& chased by the Chase National
(F-A) payable in New York City.
Wood, will be furnished the pur¬ Bank of New York, at 0.96%, plus A
separate bid for each issue (not
chaser without cost. A certified a premium of $13. Dated Jan. 14,
less than par and accrued inter¬
check for 2% of the amount of 1948. Due July 14, 1948. Payable
est) iaki;£quired. Bidders are re¬
bonds bid for, payable to the Dis¬ at the First National Bank & Trust
quested^; name the interest rate
trict is required.
;
/
Co., Utica. The next highest bid¬ or.
rate^jip multiples of *4 of 1%.
der was the Guaranty Trust Co.,
Each bid; may name one rate for
Lewis, Leyden, West Turin,
New
York, and First National
part of the bonds of any issue
Highmarket and Ava, Central
Bank, Boston, jointly, at 1.15%,
School District No. 1 (P. O.
(having the earliest maturities)
(plus $11). ■
and another rate or rates for that
■'
West Leyden), N. Y.
Woodbury, Woodbury Fire District balance, but no bid may name
Bond Offering—Kathleen Mil¬
on
Jan. 1,
,
•
ler,
Clerk,
District
will
receive
sealed bids until 1 p.m. (EST) on
Jan. 20 for the purchase of $10,000
(P. O. Highland Mills), N. Y.
Bond Sale—The $18,000 fire ap¬
must be for all of the bonds and
paratus bonds offered Jan, 14—
v.
167, p. 198—were awarded to
Tilney & Co., of New York, as
lV2s, at a price of 100.076, a basis
of about 1,47%.
Dated Jan. 1,
1948 and due Jan. 1, as follows:
$3,000 in 1949 and 1950, and $4,-
state
a
000
less
all
not to exceed 5% interest bus ga¬
registered bonds.
Dated Jan. 1, 1948. Denomination
$1,000. Due $1,000 on Jan. 1, from
rage
1949
coupon
or
1958
to
inclusive.
Each bid
single rate of interest. Un¬
bids
are
award will be made
rejected,
the
from
Second
1.70s
1951
to
high bid
was
made
1953
inclusive.
of 100.095 for
by the Marine
Trust Co. of Buffalo.
than four rates for any is-*
more
and each bidder must specify
bid the amount of bonds
sue,
in
his
of
each rate.
turities.
Sealed
Tenders
No
the bonds au¬
bid for less than all of the
will be entertained.
The
approving opinion of Mitchell &
Pershing, of New York City, will
be
furnished
the
purchaser.
Invited—T.
A
certified check for $76,000 payable
required.
Jamestown, N. C.
H.
purchase by the Sinking Fund, of
the following bonds:
Refunding bonds. Dated July 1,
payable July 1, 1976,
1936.
bonds.
are
bonds
Voted—At
Bonds
•
Barker, Town Clerk and Treas¬
urer, will receive sealed tenders
until 7:30 pan. on Feb. 2 for the
Registered
These
thorized at the election on Oct. 4.
NORTH CAROLINA
Brevard, N. C.
Each rate must be
bid for bonds of consecutive ma¬
to the State Treasurer is
.
>.
All
China
Bond
par.
167, p. 198—were purchased by
the First Boston Corp., as 2V2S, at
price of 100.15, a basis of 2.486%.
Jan. 1, 1948. Due serially
1976,
1,
days.
New
ing Authority at Washington. In
this instance, the notes are dated
Dated
be considered firm for five
The on Jan. 20 at his office in Raleigh,
Manufacturers Trust Co., of New for the purchase of $20,000 not to
York, purchased $2,000,000 at par exceed 6% interest street improvplus a premium of $96 and the ment coupon bonds. Dated Dec. 1,
cision of the Federal Public Hous¬
a
July
accepted.
14—v.
1948 bonds offered on Jan.
to the bidder
j 96,000 sewer bonds. Due on Feb.
Bond
Offering — William
F.
complying with the terms of the
1, as .follows: $5,000 in 1949;
Doran, Town Supervisor, will re¬ sale and offering to purchase the
$4,000 in 1950. and 1951; $6,000
ceive sealed
bids until 11 a.m. bonds at the lowest rate of inter¬
in 1952 and 1953; $5,000 from
1954 to" 1964; $6,000 in 1965, (EST) on Jan. 21 for the purchase est in a multiple of 14 of 1%,
of $27,000 not to exceed 5%' in¬ without
>
and $5,000 in 1966 and 1967,
reference to premium.
terest highway machinery, 1948
all inclusive; "
Principal and interest (J-J) pay¬
"
•
\ ;
coupon or registered bonds. Dated ableat the First National Bank
95,000 ,-g e n e r a 1 improvement Jan.
15,
1948.
Denomination of Boonville. The bonds will be
v
A
bonds.
Due on* Feb. 1, as fol$1,000. Due on Jan. 15, as follows: delivered at New York City, or
:
lows:
$4,000 from 4949, to
$5,000 from 1949 to 1951, and at such other place as may be,
1951; $5,000 from
1952 to
$6,000 in 1952 arid 1953. Rate of agreed with the purchaser about
1964, add:,$6,000 from 1965 to interest to be in
multiples of % Feb. 15,1948. The approving opin¬
1967, allanclusiye.V u ; • J
or 1/10 of 1%
and must- be the ion of Lyman P. Williams, of
38/000
fire ' .apparatus , bonds. same .for all of the bands1. /Prin¬ Boonville, will be furnished the
Due on Feb. L as follows: $6,- cipal and interest
(J-J) payable -purchaser without cost. A certi¬
.
were
able
re¬
ceived two bids and for only $2,500,000 of the $19,300,000 1% notes
offered on Jan. 9—v.167, p. 93—
-
*
Authority
53
must
to
New York City Housing
Authority,
New York
fered
Highland Falls, N. Y.
were
serially
Passaic, N. J.
Bond Offering—Arthur D. Bol¬
Jan. 13—v. 167, p.
on
(297)
Interest
Funding
Dated July 1, 1936, pay¬
held
Dec.
on
30
the
an
election
voters
ap¬
proved the issuance of $115,000
water system installation bonds.
Lumberton, N.C.
Bond
Sale—The $200,000 street
irriprovement
Jan. 13—v.
bon)ds
offered
on
167, p:'198—were pur¬
chased
by the First Securities
Corp,, of Durham; at a price of
100.05,
a
net
interest
cost
of
54
(298)
THE COMMERCIAL
2.414%, as follows: $101,000 as
2y4s, maturing on June 1, as fol¬
lows: $6,000 in 1950; $9,000 from
1951 to 1955; $10,000 from 1956
to 1960, and $99,000 as ZtyzSy ma¬
turing $12,000 in ,1961 and 1962,
and $15,000 from 1963 to 1967, all
incl. Dated Dec. 1, 1947. Interest
payable
highest
& Co.,
J. Lee Peeler & Co., and Vance
Securities
Corp.,
Grensboro,
bidder
J-J.
The
S.
R.
was
next
Dickson
jointly, for $125,000 2s; $30,000 5s,
and $45,000 iy2s, at 100.02.
Montgomery County (P. O. Troy),
bid
rates for the
Bond Sale—The $45,000
balance, but
bid
his
the
each rate.
amount
bonds
of
No bids for less than par and ac¬
crued interest will be entertained.
The
approving opinion of Reed,
Hoyt & Washburn, of New York
City, will be furnished. A certi-i
fied
check
for
payable to
the State Treasurer is required.
$3,300
Sampson County, Clinton
School District, N. C.
Offering — W. E. Easter-
refund¬
Bond
ling, Secretary of Local Govern¬
ment
Commission,
sealed
bids
receive
will
boro, jointly, at a price of 100.106,
a
net interest cost of 3.033%, as
office in Ra¬
leigh, until 11 a.m.
(EST) on
Jan. 20 for the purchase of $100,-
follows:
000
$35,000 road and bridge bonds, as
follows: $20,000 as 2%s, ma¬
turing $5,000 on June 1, from
1961 to 1964, and $15,000 as
3V2s, maturing $5,000 on June
I,- from 1965 to 1967 incl.
10^000 general refunding bonds,
as 2%s.
Due $5,000 on June 1,
Denomination
Feb.
1951
and
Dated
Dec.
Principal
1947.
1,
(J-D) payable
in
City. The next highest
bidder was Breed & Harrison, for
interest
and
$10,000 3y4s, and $35,000 3y2s, at
100.03.
Bidders are requested to
the rate of interest in mul¬
N. C.
Bond
Offering
—
W.
Easter-
E.
Raleigh,
Jan. 20 at his office in
on
the
purchase
6%
exceed
to
bonds
as
$325,000
1,
$10,000
1954;
to
1950
to
19-31
from
$6,000
1960;
to
1971.
in 1970 and
A separate bid for
each issue (not less than par and
accrued interest) is required. Bid¬
$1,000.
requested
are
y4 of 1%.
of
one
or
to
'a*
4
bid
be
less than par and ac¬
entertained.
any or
to
Election—At
held
be
bonds of
Jan.
on
election
an
the
27
voters
will consider the issuance of $40,.000
swimming
construction
pool
bonds.
Dak.
$75,000 airport
Jan.
13
v.
167,
Williston,
offered
ma¬
interest
and
$10,000 payable to the State Treas¬
is required.
urer
awarded
of
1947
and
1949
bids:
$5,000
due
The
N.
Offering
W. E. Raster-
C.
ling, Secretary of Local Govern¬
Commission, will receive
sealed bids at his office .in Ra¬
ment
(EST) on
the purchase of $165,-
until
Jan. 20 for
to
not
11
a.m.
exceed
interest
6%
public improvement coupon bonds
as
Bank
Feb.
1, 1948. Denomina¬
tion $1,000.
Due on Feb. 1, as
follows: $4,000 from 1951 to 1960;
$6,000 from 1961 to 1963; $7,000
in 1964, and $10,000 from 1965 to
1974 inclusive.
each
for 2y4s.
-V
OHIO
Akron,
Principal and in¬
payable in New York
City. Registerable as to principal
only.
Bidders life requested to;
name
the
interest
multiples
of
V\
rate
1958 incl.
different
multiple of
of 1%. Interest payable J-D.
bid for less than par and ac¬
Bidders
y4
No
interest
for
bids until
the
purchase
noon
Jan. 26
on
of $600,000
water works bonds.
or
rates,
of 1%.
Each
Due
Nov.
1, from 1949 to
Bonds maturing on
from 1963 to 1973, are call¬
the option of the City, in
whole or in part in inverse nu¬
on
1973 inclusive.
Nov. 1,
able at
on
num¬
interest payment date
any
or
after Nov. 1, 1962, at par
and accrued interest to the date of
on
redemption. Principal and inter¬
(M-N) payable at the office of
est
the
City,
will be
a
will
bonds
The
Bidders
different rate of in¬
in multiples of y4 of 1%.
bid for
terest
the
of Finance.
Director
may
be
furnished
by-
and delivery of bonds
^purchaser at
made to the
office
of
the
Director
of
Fi¬
The
approving opinion of
Squire, Sanders & Dempsey, of
Cleveland, will be furnished by
the City.
A certified check for
2% of the amount of bonds bid
nance.
for, payable to the
Finance, is required.
Beach
Bond
hall
fered
Director
of
at
Nov. 4,
on
the
general
A cer¬
payable to
check for $200
City, is required.
Ohio
Bond Sale—The $103,000 build¬
ing
bonds
offered
Jan.
on
12—
v. 166, p. 2711—were purchased by
Hayden, Miller & Co., of Cleve¬
land, as 2V2s, at a price of 100.161,
a
basis of .2.485%. Dated Jan. .1,
1948.
Due serially on May and
Nov. 1, from 1949 to 1971 inclu¬
sive.
Interest payable M-N. The
next highest bidder was* Braun,
Bosworth & Co., Inc., for 2y2s, at
100.116.
Ohio,
Bond Sale—The $70,000 bridge
improvement bonds offered
on
Jan.
9
v.
166, p. 2610 — were
purchased
by \ Paine,
Webber,
Jackson & Curtis, of Chicago, as
l%s, at a price of 100.93, a basis
Dayton,
—
of
1.593%.
Dated
Jan.
1,
1948.
Interest
payable A-O. Due seri¬
Oct. 1, from 1949 to 1958
The next highest bid¬
was
Braun, Bosworth Co.,
ally
on
inclusive.
der
Inc., for l3/4s, at 100.68.
Fairfield Local School District
Offering—Sealed bids will
Clerk of Board
of Education until
noon
Feb. 5
on
purchase of $106,000 build¬
to legal¬
ity by Bricker, Marburger, Evatt
& Barton, of Columbus. These are
Approved
ing bonds.
the
as
at the gen¬
bonds authorized
eral election
Nov. 4,
on
1947.
March 29, 1947 were pur¬
chased by the Beach
City Banking
p.m.
Feb.
on
16
for
the purchase of $7,500 4%
fire
fighting apparatus bonds. Dated
Jan.
Due
1, 1948. Denomination $750
$750 on Oct. 1, from 1949 to
1958
incl.
Bidders may bid for a
different rate of interest in
a
The
A-O.
the
bonds
will
and
sold
to
the
These
authorized
election
general
interest.
accrued
bonds
Village
at
Nov. 4,
on
A certified check for
to
be
highest bidder at not less than
the
the
1947.
$500 payable
is
Treasurer,
quired.
re¬
y,y,j.;;■'j
Howard Local School District, Ohio
Bond
Offering—Bonnie
W.
Hammond, Clerk of Board of Edu¬
receive
will
cation,
until v:
noon
sealed
Feb.
on
2
•
for
bids
the
-
purchase of $70,000 not to exceed
2y2% interest building, unlimited
tax coupon bonds.
Dated Jan. 1,
Denomination
1948.
$1,000.
in
in
in
in
in
in
1, as follows: $3,000
$4,000 in 1950; $3,000
$4,000 in 1952; $3,000
$4,000 in 1954; $3,000
$4,000 in 1956; $3,000
1949;
1951;
1953;
1955;
1957; $4,000 in 1958; $3,000
1959; $4,000 in 1960; $3,000 in 1961;
$4 000 in 1962; $3,000 in 1963; $4,000 in 1964; 3,000 in 1965; $4,000
in
1966; $3,000 in 1967, and $4,000
in
1968.
Rate of interest to be in
multiples of y4 of 1%. No bid for
less than par and accrued interest.
Attorney's opinion at option
expense
of the purchaser.
Principal and interest (A-O) pay¬
able at the Knox County Savings
A certified
of the amount of
Vernon.
Mt.
Bank,
1%
check .for
bonds bid for, payable to the Dis¬
trict, is required.
Huron, Ohio
Sale—The
Bond
extension
main
12—v.
chased
$130,000 water
bonds
offered
on
167, p. 93—were pur¬
by Fox, .Reusch & Co., of
Cincinnati,
2y2s, at a price of
100.683, a basis of 2.437%. Dated
struction, unlimited tax bonds of¬
Feb. 1, 1948. Due serially on Feb.
fered on Jan. 13—v. 167, p. 1991, from 1950 to 1974 inclusive.
were
purchased by the First Na
Interest payable F-A.
The next
tional Bank and the Harris Trust
highest bidder was Braun, Bos¬
& Savings Bank, both of Chicago,
worth
& Co., Inc., for 2y2s, at
jointly, as 2s, at a price of 100.779
100.596.
Sale—The
Bond
basis
a
1948.
of
$400,000
1.92%.
Due
con¬
Jan.
Dated
on
The
Findlay.
the
highest
next
as
1
April and
Oct. 1, from 1949 to 1968 inclusive.
Principal and interest (A-O) pay¬
able at the Ohio Bank & Savings
serially
Township School District
No. 2
(P. O.
R. R. 1, Minster),
Ohio
Trust
receive
Jan. 31.
Northern
Jackson
100.777.
at
Germantown Local Sch. Dist.,
Bond
Offering
—
Ohio
Coff-
Louella
Clerk of Board of Education,
man,
will receive sealed bids until noon
on
Jan. 22 for the
unlimited
building,
Dated
tion
purchase of 3%
bonds.
tax
Dec.' 15,
1947. Denomina¬
Due $5,000 on June
$1,000.
and Dec. 15, from 1949 to
clusive.
Bidders
may
1968 in¬
bid for a
different rate of interest in a mul¬
No bid for less
tiple of V4 of 1%.
than par and accrued
interest. No
conditional bids will be received.
Principal and interest (J-D) pay¬
able at the First National Bank of
These
Germantown.
bonds
authorized
election
at
are
the
the
general
Nov. 4, 1947. The pur¬
chaser will be furnished with the
bonds
sealed bids until
noon
on
for the purchase of $10,000
construction bonds. Dated May 1,
1948.
Denominations $333.33 and
one
$333.43. Due $333.33
and Nov. 1, from; 1949
for
bid
Board of
the
Education, is required.
for,
payable
Green Local Sch. Dist.
No.
to
May
Nov.
struction
Sale
Bidders
1, 1963.
bonds
The
offered
Bond
Offering
—
Ohio
Mayers,'
J.
T.
will-
receive sealed bids until 7:30 p.m.
purchase of;
$100 000 not to exceed 6% inter¬
est
improvement
bonds.
Dated
26
Jan.
on
Feb.
1,
000.
at
the
Due
ized
for
Denomination $1,-'
1948.
$5,000 on Dec. 1, from
1949 to 1963 inclusive. R#te of in-;
terest to be in multiples of V\ of1%. These are the bonds author-1
the
on'
election
general
Nov.
4, 1947. Interest payable J-D.'
No bids for less than par and.ac-;
certified
A
interest.
crued
for
check
$2,000 payable to the Board of
Education, is. required.
Silver
School
Local
Lake
District
(P. O. Cuyahoga Falls, R. D.
No. 1), Ohio
Bond Sale—The $8,000 site purbonds offered
chase
166,
v.
i
;
Jan. \%—;
on
2610—were .purchased
p.
by Fox, Reusch & Co., of
cinnati, the only bidder, as
at
price of
a
100.115,
Dated Feb.
1.679%.
Cin-*;
l%s,
basis of
a
,
1948.
1,
Due
serially from 1949 to 1952 incl.
Principal and interest (J-D) pay- '
able at the Dime Savings Bank,
Akron.
Wellston, Ohio
>
issue of ;
Bonds Authorized—An
light
electric
municipal
$100,000
;
plant mortgage revenue bonds was
authorized
recently
by
City
the
:
Council.
West
Manchester, Ohio
Sale
Bond
The
i
fire !
apparatus bonds .offered on Jan. c
12—v. 167. p. 199—were purchased
—
$12,500
by the First State Bank of West :
Manchester, as lV2s, at a price of
100.50, a basis of 1.141%. Dated
Feb. 1,
»
*
Due serially on April
1948.
1, from 1949 to 1958 in- :
and Oct.
payable A-O.
Interest
elusive.
:
Exempted Village >
School District, Ohio
Bond
Sale—The $380,000 con- ;
Westlake
struction, unlimited tax bonds of- ;
fered on Jan. 12—v. 166, p. 2610— ;
purchased by Van Lahr, Doll ;
.Isphording, of Cincinnati, as l%s, at a price of 101.63, a basis :
of 1,584%.
Dated Dec. 1, 1947.
&
serially on June and Dec. 1, :
from 1949 to 1968 inclusive.
In- ;
Due
terest
amount bid and ac¬
interest to date of delivery.
crued
The printed
attorney's opin¬
Interest payable M-N.
bond
and
bonds
be at the expense of the
ion will
...
OKLAHOMA
Ardmore, Okla.
Election—At an
Bond
to
held
be
on
is. required.
cation,
r
.
»
,
Ardmore School District,
Okla.
Election—At an election
to be held on Jan. 20 the voters
will consider the issuance of $90,-"
Bond.
000 construction
bonds. V
j
>
-
Cushing, Okla.
ric
plant
power
Donds
$175,000
Sale—The
Bond
A certified check for
4.
Nov.
on
of
improvement
:.
:
/
voters :
issuance
the
various
bonds.
are
$100 payable to the Board of Edu¬
election
Jan. 20 the
consider
will
$512,000
the bonds
authorized at the general election
These
purchaser.
next
The
J-D.
payable
highest
bidder
was
Nelson,"
Browning.'& Co., for 23/4s, at
101.53.
'
"
' ,
.
offered
8—v.
Jan,
on
elec-
improvement
166,.
2610—were purchased by Evan
L. Davis of Tulsa, at a price of
p.
Kingsville Fire District (P.
Kingsville), Ohio
Bids
No
were
Received
received
to exceed 6%
bonds
ment
166,
the
No
$6,000
100.07,
bids
not
interest fire equip¬
offered
2711.
p.
for
—
O.
on
Jan.
a
1.485%.
The bonds will be
net interest cost
El
of
Due serially from 1950 to
1956 inclusive.
■
District,
School
Reno
9—
readvertised.
Okla.
Offering—Walter Wilson,!
Bond
Education, will
until 8 p.m. on
19 for the purchase of $234,not to exceed
2% interest
Clerk
Board
of
receive sealed bids
con¬
Bond
Jan.
tion
fire
on
Poland Local School District,
Clerk of Board of Education,
and the gross
purchased
by Braun, Bosworth & Co., Inc.,
12—v. 166, p. 199—were
Interest payable A-O.
The next,
highest bidder was Fahey, Clark.
& Co., for 13/4s, at 100.16.
state the number of bonds bid for
Lakemore, Ohio
$94,000
Due serially on April and.
Oct. 1, from 1949 to 1958 inclusive.;
bid for
may
tiples of % of 1%. The bonds will
not be sold for less than par and
accrued interest.
All bids must
2, Uniontown),
—
1948.
to
different rate of interest in mul¬
a
Ohio
Bond
167. p. 93—were purchased by
White & Co., of Cincinnati,
1962, and $333.33 May and $333.43
v.
(P. O.
con¬
on
on
approving opinion of Peck, Shaf¬
fer & Williams, of Cincinnati.
A
certified
check
for
1%
of the
$48,000
.
Offering—Joseph Sommer,
Clerk of Board of Education, will
Bond
Co., Chicago, and Paine, Webber,
& Curtis, jointly, for 2s,
was
The
—
.
Dist., Ohio
A.
were
Jackson
Sch.
13/4s, at a price of 100.247, .a
basis of 1.707%. Dated Ap:il I,,
Due
Oct.
on
Sale
Bond
mul¬
tiple of V4 of 1 %. Interest payable
Jan.
Findlay City School District, Ohio
8
Local
as
Bond Offering—Imogene Berry,
Village Clerk, will receive sealec
bids until
Fort
struction bonds offered on Jan. 12
J.
Hebron, Ohio
and
be received by the
for the
Old
—v.
Co., for 23/4s, at 101.82.
Bond
R. F. D. No. 4,
City, Ohio
Sale—The $25,000 Village
fire station bonds of¬
&
par
District,
The next high¬
est bidder was Charles A. Hinsch
are
School
Cortland
the
are
1947.
tified
the
R. D.
and
on
These
authorized
bonds
election
a
a
3%
Dated Jan. 1,
Denomination $1,000.
1948.
$24,000
in
interest.
crued
bidder
Currie,
Director of Finance, will receive
sealed
bid for
may
of
rate
Co.,
Ohio
Bond Offering—John D.
terest (F-A)
in
of
of Bismarck, and
Cooperative Credit
offered to pay par
Dakota,
Williston
Union,
the
follows:
$75,000 sanitary sewer bonds.
50,000 water system bonds.
40,000 street improvement bonds.
Dated
on
inclu¬
1963
to
a
Dated
2.245%.
Other
sive.
the
about
from
North
100.034,
at a price of
2V4s,
as
basis
merical order of their serial
•000
the
to
American State Bank of Williston,
ber
Reidsville,
—
Dec. 1, from 1949 to
on
—
199—were
p.
N.
Sale—The
Bond
ings Bank, Delta.
Feb. 4
on
noon
purchase of $20,000 2M>%
fire
apparatus
and
equipment
series 1 bonds. Dated Jan. 1, 1948.
Denomination $1,000. Due $2,000
London), Ohio
Jamestown, N. Dak.
Bond
B.
for the
(P. O
1,
by the above secretary. The. ap¬
proving opinion of Caldwell', Mar¬
shall, Trimble & Mitchell, of New
York City will be furnished the
purchaser. A certified check for
leigh,
sealed bids until
Principal and interest (J-D)
payable at the Farmers State Sav¬
<
Morris,
Director of Finance, will receive
NORTH DAKOTA
1
(J-D) payable in New Yorjt City
Bids must be on forms furpished
Bond
for
maturities.
all bids
is reserved. .'The purchaser will
be furnished with the approving
opinion of Reed, Hoyt & Wash¬
burn, of New York City. A certi¬
fied check for $2,000 payable to
the State Treasurer is required.
Dec.
consecutive
Principal
turities.
must
each
more
bid for
must be
rate
right to reject
than four rates
for each issue, and each bidder
must specify in his bid the amount
of bonds for each rate. Each rate
name
rates, and
specify in his
crued interest will be
The
Dec.
issue
may
may
four
must
consecutive
bid for
No
the
may name
(having the earliest
maturities) and another rate or
rates for the balance, but no bid
•
of
multiples
name
rates in
Each bid
rate for part of the
each
Each
rate.
bonds
Denomina¬
1947.
•Dated DecM,
interest rate
rates
Ohio
Bedford,
Offering—F.
Bond
50,000 electric light bonds. Due
on
June 1, as follows: $2,000
from 1950 to 1969, and $5,000
ders
or
bid
no
the amount of bonds of
bonds
bonds.
Due on
follows: $3,000 from
1966, and $7,000 from
1967 to 1974, all inclusive.
tion
than
bidder
sewer
as
rate
sive.
price of ,101.61.
a
Bond
1971.
and
June 1
Each bid may
part of the
balance, but
more
name
for
another
and
the
1970, and $5,000
1955 to
1970
125,000
as
1950
from
in
bonds.
Due on
follows: $6,000
water
from
of $500,000 not
interest
coupon
follows:
June
\
bonds
for
rate
one
name
bid
.
ling, Secretary of Local Govern¬
ment
Commission, will receive
sealed bids until
11 a.m. (EST)
for
tiples of y4 of 1%.
each
Newton,
1960 to
$4,000 from
inclusive, without option of prior
redemption. Principal and inter¬
est (F-A)' payable in New York
name
New York
1959;
$5,000 from 1966 to 1970,
$6,000 from 1971 to 1974, all
1965;
City.
in 1961 and 1962.
1. as follows: $3,000 from
to
of
v
at
Dated Feb. 1.
$1,000.
Due
building bonds.
1948.
on
his
at
Monday, January 19, 1948
me, at
as
basis
of
maturities.
consecutive
CHRONICLE
FINANCIAL
a price of 101.87, for 23/4s, at a price of 102.193,, a .reported in
our
Jan. 5 issue—.
Dated Feb. * 1, v. 167, p. 93—we learn that the
2.317%, Interest pay¬ basis of 2>542 %.
able J-J. The next highest bidder J948.
Due serially on June and bonds were sold as 3s, at a price'
Dec, 1, from 1949 to 1971 inclu¬ of
was J. A. White & Co., for 2y2S,
100.093, a basis of 2.979%.
Co.*
a
Each rate must be for5
of
bonds
bid
no
than four rates,
must specify in
may name more
and each bidder
N. C.
ing bonds offered Jan. 13—v. 167,
p 199—were purchased by J. Lee
Peeler & Co., of Durham, and the
Vance Securities Corp., of Greens¬
name one rate for part
bonds and another .rate pr
may
of the
&
Sale
with
the
Details—In
sale
of
Jan.
connec¬
the
$8,000
apparatus bonds to Nelson,
Browning & Co., of Cincinnati, as
000
Duilding
as
bonds.
follows:
Due on Sept. 1,
from 1950 to;
$23,000
1958, and $27,000 in 1959.
Interest
.
Volume
167
payable
Number 4665
(M-N),
The
bonds
be awarded to the bidder
the
lowest *rate
of
THE COMMERCIAL
will
Tremonf Township
Pine
offering
interest
agreeing
to pay par and accrued
W
interest.
These
will
thorized
at
Jan.
6.
A
the bonds
are
the
election
au¬
held
(EST)
thorized
Dec.
at
the
the
bonds
election
on
be
Sckool District, Okla.
Election—At an election
held
Jan.
on
20
the
construction
•
•».* <
,
;>.•
The
—
Robinson-
bonds, as follows:
2i/2s, maturing $4,000
1, from 1948 to 1956; $35,-
as
Nov.
on
000
3s,
as
maturing
$5,000 from
1957 to 1963, and $54,000 as
3V4s,
maturing $6,000 from 1964 to 1972.
Dated Nov. 1, 1947. Denomination
$1,000.
Bonds maturing
subse¬
quent to Nov. 1, 1959, are subject
voters
will consider the issuance of
000
"
■
plant
$36,000
Nowata
to
Sale
disposal
30, 1947.
Bond
'//'
FINANCIAL
CHRONICLE
$85,-
bonds.
Texhorna, Okla.
Bond Offering—Sealed bids will
be received
by the City Clerk
to
redemption
said date, or any
on
subsequent interest payment date
until 8 p.m. on Jan. 29 for the
pur¬
utility system rev-' school bonds, nor more than
three
enue bonds.
Dated Jan. 15, 1948. rates
for the
water and sewer
Denomination $1,000. Due on
Jan.' bonds, and no more than one in¬
15, as follows: $8,000 in 1949; $9,- I terest rate for
any one maturity
000 in 1950; $13,000 from 1951 to
of that issue. No bid for
less than
1954; $25,000 in 1955; $26,000 in par will be
considered. The legal
1956; $28,000 from 1957 to 1959, opinion of
Chapman & Cutler of
and $26,000 in 1960.
Bonds ma¬
Chicago, together with the printed
turing from 1951 to 1960 are sub¬
bonds, will be furnished the pur¬
ject to redemption at the option chaser without
cost.
A certified
of the City on Jan.
15, 1950, or on check for $2,000
payable to the
any subsequent interest payment
City
lows:
4%
of
redeemed
the
on
face
amount
if
interest date from
an
Jan. 15, 1950 to July 15,
1954; 3%
of the face amount if redeemed on
an interest date from
Jan.
15, 1955
to
July 15,
1958; and 2%
face amount if redeemed
Jan.
15
of the
on
either
July
or
15, 1959. If less
outstanding bonds
than all of the
to be redeemed prior to their
are
maturity,
the
bonds
to
be
re¬
Treasurer, is required.
Knox
County (P. O. Knoxville),
$45,000 bonds
$30,000 hospital bonds.
Bond
15,000
fire
These
station
the
are
at the election held
Jan. 6.
on
Wauriha, Okla.
County Judge, will receive sealed
bids until 2 p.m. on Feb. 3 for the
purchase of $250,000 not to exceed
3 % interest
Bond
sealed
Clerk,
bids
until
will
of
receive
Jan.* 27
for
Dec.
the
held
;
-
Mill,
S.
C.
Sale—An issue
on
$70,000
extension
sewer
purchased recently by
was
Fort
&
Co.
Mill
1958 to 1962, all inclusive.
Prin¬
cipal and interest (J-D) payable
at
OREGON
the
Trst
County, Clear Lake Sch. Dist.
(P. O. Eugene), Ore.
to
Central
Hanover
Bank
&
Co., New York. Approved
as
legality
by
Charleston.
Bonds
Voted—At an election
held recently the voters
approved
the issuance of
$25,000 construc¬
be
redeemed
by lot.
interest
Huger' Sinkler
./V.'/
".y.[
Highway
of
Certificates
North
Bend,
Ore.
"
Charleston.
Wellford School District No. 48,
'
Spartanburg County, S. C.
by the Board of Trus¬
tees, until 11 a.m. on Jan. 23 for
the purchase of $37,500 4% school
bonds.
Dated
Jan.
on
1,
Awarded
mium offered
until
certificates
p.m.
Jan.
on
21
for
for
the
fered
revenue
bonds.
Denomination $1,000. Bidders are
requested to specify either the
rate
of
interest
and
'v.'y
Port
Bond
gency
166,
by the
of
Newport, Ore.
Sale—The
$25,000
First
as
at
.
The
Certificates
167,
—
dollar
5—
price
of
par
for
the
Central
on
in
of
terest payable F-A.
*
*
>
1
*
.
>
Bond
Sale—The
$125,000
flood
control construction bonds offered
on
Jan.
8—v.
167, p. 94—were
purchased by A. Webster Dougherty & Co., and Dolphin & Co.,
both
of
2y8s, at
Philadelphia,
a
jointly,
price of 100.786,
of 2.048%.
k
.j
Sunbury, Pa.
j
V
V
.
1957
the
opinion
a
as
basis
Dated Jan. 1, 1948. Due
all bids.
or
$7.50
serially on Jan. 15 from 1949 to
1973 inclusive.
Interest payable
(J-J). The next highest bidder
was
E.
\2V4s, at
H.
a
Rollins
&
Sons,
price of 101,417.
for
offered
York
on
City.
were
multiple of y4 of 1%,
shall
specify more
than one rate of
interest, which
shall apply to the entire
issue, and
bid will be considered for less
than all of the bonds of said is¬
sue.
The bonds are
no
being issued
subject to the approving opinion
of Chapman & Cutler of
Chicago,
,
Bond
Offering
sealed
bids
Jan.
on
until
29
for
Carl
Baxter,
will
receive
—
Recorder,
11
as
000
75,000
Nov.
on
1952
Due $5,from 1948 to
1,
own
water
and
bonds.
sewer
Sept. 1, 1947. Due $5,000 on Sept. 1, from 1949 to
.
1963 inclusive.
Bonds matur¬
ing
1,
Sept.
on
thereafter
shall
redemption
1952, and
on any
date
1953,
be
and
callable
Sept. 1,
interest pay¬
on
thereafter
at
order,
with the
visions:
called
1957
As
a
in
following
to
each
pro¬
bond
or
after
and prior to
premium of $20.
maturity,
Union, S. C.
at
Jan.
$230,000
22
com¬
County
the
First
Greeneville.
National
All
Dated Jan.
as
1, 1948.
follows:
Bank
interest
of
rates
V4 of
1%, and
more
one
O. Dover),
Due on Jan. 1,
from 1949 to
$5,000
1955; $6,000 from 1956 to 1960;
$7,000 from 1961 to 1964; $8,000
from 1965 to 1967; $9,000 in
1968,
$10,000 from 1969 to 1972, and $30,nnn in 1Q73
"Rnnric
000 in 1973. Bonds maturing fmm
maturing from
1959 to 1973, are callable on or,
after Jan. 1, 1958, at the
option
of the County, after notice
pub¬
lished 15 days' prior to date of
redemption, at par plus accrued
Interest
payable
J-J.
requested to name in¬
are
or
rates
for
one
rate
bonds
rates
(not
the
be
than
more
entire
for each
must
issue
or
maturity), and
sold
at
not
less
than par and accrued interest. All
bids must be for the entire issue.
A certified check for
$3,920,
is
bonds
callable
are
numerical
order
in
and
in¬
are
being issued subject to the ap¬
proving opinion of Chapman &
Cutler, of Chicago, whose opinion
will
be
furnished
without cost.
the
purchaser
Interest payable J-J.
T exas
Bonds
on
Voted
Dec.
the
construction
—
bid shall specify
been
the
issuance
election
an
voters
of
McCall,
Dallas,
bonds
to
has
legality by
Crowe, of
&
Dated Oct. 1, 1947.
Texas
Bonds
held
the
Voted—At
election
an
Dec. 2 the voters
approved
issuance of $50,000 construc¬
on
tion bonds.
Lewisville, Texas
Bonds
Voted—At
Nov.
on
water
the
1
be
voters
on
ap¬
$31,000
Texas
Election
held
of
bonds.
Llano,
Bond
to
election
an
the
issuance
revenue
At
—
election
an
Feb.
15 the voters
will consider the issuance of
$50,000 street
paving bonds.
/
Lyford, Texas
Bond Sale—An issue of
$20,000
3%%
refunding bonds
sold
was
recently to Harold G. Wise, of
Houston, at 92.00. Dated June 1,
1947.
Approved as to legality by
McCall,
Parkhurst & Crowe,
L
:
Y\"v
Dallas.-
of
Needville, Texas
Bon^ Offering;—T. C. Ringener,
Town Clerk, will receive
^
sealed
bids until 2 p.m. on Feb. 4 for the
purchase of $80,000 not to exceed
5% interest bonds as follows:
$40,000 revenue bonds.
40,000 general obligation bonds.
Due serially in such
amounts as
be
may
fixed
by
the
Commissioners, the
Board
maximum
of
ma¬
turity not to
exceed 30
years, re¬
at
the
option of the
deemable
Board
of
interest
Commissioners
payment
after
the
from
and
after
requested
on
date,
expiration
maturities.
of
their
any
and
on
10
years
date.
Bids
interest rate and
on
The bonds
offered'"'
are
subject to the approval of the At¬
torney-General of the State, and
of Chapman &
Cutler, of Chicago,
whose approving
opinion will be
furnished by the Town. The Town
reserves the
all
right to reject any
bids; to waive
to be
any
or
informality
bid and to accept any bid
Board may determine
highest bid. A certified
the
the
for
2% of the amount bid,
payable to the Town, is required.
Quanah,
Bonds
Voted
Texas
At
an
election
Jan. 3 the voters approved
the issuance of
$17,500 street im¬
Texas
$65,000
purchased recently by
William N. Edwards &
Co., of
Fort Worth, as follows:
$33,000 refunding bonds.
32,000 water system bonds.
—
on
provement bonds.
was
>
Refugio
County (P.
Refugio), Texas
Bond
tion
Floyd
County, Lockney, Rural
School District (P. O.
High
Bonds
Sold—An
recently. These
at
issue
bonds
are
the
of
$40,-
held
At
on
consider
$825,000
O,
elec¬
an
Jan.
the
31
the
issuance
improvement
road
bonds.
*
the bonds
election
au¬
Nov.
on
Sabine
Sale—An
issue
bonds
of
$375,-
was
sold
Election
election
future
Texas
(P.
O. Hemphill),
Texas
Bond
the
Indep. Sch. Dist.,
construction
County
sold
was
8, 1947.
Bond
be
will
—
Lockney), Texas
construction
thorized
of
Election
to
voters
000
and
ap¬
Bonds Sold—An issue of
000
ap¬
$150,000
Kenedy Indep. School District,
held
bonds
1949
as
Parkhurst
$225,000
bonds.
Decatur,
election
voters
of
as to
Legality
$1,049,000 4V2% re¬
series
approved
check
At
18
recently to Crummer & Co., Inc.
of Texas, of Dallas.
Dated Dec.
rate for the stadium and'
15, 1947. These are the bonds au-
no
funding,
which
held
the
Bonds Approved
in any
TEXAS
30
issuance
—An issue of
are
required.
The
O.
an
Improvement District No. IS
(P. O. Edinburg), Texas
Offering—Robert F. Sex¬
County Clerk, will receive
Fort Stockton
bid must be in multiples of
than
(P.
sealed bids until 2 p.m. on Feb. 17
for the purchase of
$196,000 not
to exceed 4% interest school
bonds.
Principal and interest payable
Bond Offering—Sealed bids will
received by Mayor Edward J.
Dec.
the
check
Tenn.
ton,
(P.
Hidalgo County Water Control
Bond
.
to each bond called there¬
as
ac¬
accord¬
prior to Sept. 1,
premium of $30, and
on
certified
his
the
option of the Town in inverse
numerical
A
bonds at
$5,000 payable to the County
Trustee, is required.
~
Stewart
1
At
—
road bonds.
for
Dated
for
be
printed
expense.
Commissioners
No.
Voted
proved
The purchaser shall
the
proved
inclusive.
Bonds
held on
County.
Arlington Indep. School District,
1, 1947.
County
Precinct
the
$25,000 stadium and school bonds.
Dated Nov.
office.
Hale
held
(EST)
purchase of
follows:
payable at the City Treas¬
opinion will be furnished
purchaser at the expense of
$100,000 not to exceed 4% inter¬
est bonds
(J-J)
the
a.m.
the
166, p. 2712—were purchased
by W. L. Moody & Co., the
only
bidder, at par. Dated Jan. 15, 1948.
Due serially from 1949 to 1984 in¬
clusive.
Principal and interest
which
,
Greeneville, Tenn.
Town
a
two
rejected,
Texas
—v.
-bid
no
terest rate
$178,000 light
plant revenue bonds
Sept. 29, for which all
were
All interest rates bid
must be in
! and
interest.
TENNESSEE
V
a
for the purchase of
York
verse
Chemical
on
check for
'
subsequently > purchased by the
Allison-Williams Co., of Minne¬
apolis, as 2V4S.
:
a.m.
A certified
bids received
Associates,
a
price
of
100.40;
Guaranty Trust Co. of New York
and others,
100.159; and the Chase
Arthur, until 11
&
Sale—The
power
1.90s,
New
Hoyt
Arlington, S. Dak.
Bond
and
Bank & Trust Co., New
York, and
of
(F-A) payable at the
Chemical Bank & Trust
Co., New
Bidders
ance
tenders,
Bank
success¬
SOUTH DAKOTA
ment
count, at 100.089.
Reed,
is" required.
100.043 for 1.80s being made
by a
group headed by Halsey, Stuart
&
Co.
Inc.
Other
National
of
obligations of the School District.
The right is reserved to reject
any
syndicates competed for the issue,
with,' the
second
high- bid
of
follows:
The
Trust
Washburn of New York City, that
bonds are valid and
binding
for
as
&
the
number of other
were
Bank
bidder will be furnished with
the
-
1, 1948. Due serially on Feb.
1, from 1950 to 1959 inclusive. In¬
Hanover
The
following: First .National
101.03, a basis of 2.641%. Due se¬
Bank of Chicago; Goldman, Sachs
rially on Jan. 1, from 1949 to 1953
& Co., and Glore, Forgan & Co.,
inclusive.
Principal and interest
both of New York; Trust Com¬
(J-J) payable at the City Treas¬
pany of Georgia, of Atlanta; First
urer's office.
:
:V - W
National
Bank
of
Portland,
Washington County Sch. Dist. No. 7 Oregon; Harris, Hall & Co., Inc.
and A. G. Becker & Co., Inc., both
(P. O. Hillsboro), Ore.
J
Bond Election—At an election of Chicago; W. E. Hutton & Co.,
New York;
to be held on Jan. 19 the voters
Stroud & Co., Inc.,
will consider the issuance of
$58,- Philadelphia; Laurence M. Marks
& Co., New York; Stern Bros. &
G00 construction bonds.
"
Co., Kansas City; Newman, Brown
& Co., Inc., New Orleans; Robert
PENNSYLVANIA
f
Winthrop & Co., New York; First
Moon Township School District
National Bank, Atlanta; the Mil¬
(P. O. Carnot, R. D.
waukee Co., Milwaukee; Citizens
Coraopolis), Pa. *
& Southern National
Bank, At¬
Bond Sale—The $40,000 school
lanta;
National
City
Bank. of
bonds offered on Jan. 13—v.
167, Cleveland, and J. M. Dain & Co.*
p. 94—were sold as 2s, at a price
of Minneapolis,
m v
:
of 101.38, a basis of 1.774%. Dated
Other Bids—A
Feb.
pre¬
(J-J) payable at the
Co., New York City.
are
the
by the bidden will
award.
Principal
ful
maturity. In addition to the Na¬
tional City Bank and the North¬
ern Trust Co., the
group includes
of
the
94.
p.
certificates
Re-Offered
amount of
and interest
certificates at prices to yield from
1.45% for the 1954 maturity to a
emer¬
price
15—v.
The
determine
successful syndicate re-offered the
;
Bank
a
Jan.
1961.
of¬
1954; $2,500,000 in 1955 and 1956,
$3,000,000 in 1957.
purchased
National
3s,
'
Jan.
on
2471—were
p.
Portland,
.
indebtedness
and
"
bonds offered
; v.
■
of
dated Jan. 15, 1948 and mature
Jan. 15, as follows: $2,000,000
the
which he will purchase the bonds
at par.
on
1.7408%.
if any, above par, at
which he will purchase the
bonds,
or
the lowest rate of interest at
*
of
bidding for l3As, paid
price of 100.07, a basis of about
a
premium,
.
York
Co.,
The group,
lowest
r
Trust
the'successful bidder
the $10,000,000 State
highway
purchase of $125,000 not to exceed
-
of
was
4% interest water
>■
Bank
Northern
1950 to 1955;
$4,000 from 1956 to 1960, and $4,500
New
City
the
as
1948.
De¬
for $500.
follows: $1,000
Denomination $1,000.
1, 1964. Principal
Feb.
on
1,
one
in 1949; $2,000 from
in
Chicago,
8
Jan.
$1,000
Feb. 1, 1948.
furnish
Bond Offering—Sealed bids will
be received,
Due
of)
A
certified, check
for $4,500 payable to
the City
Treasurer, is required.
by the Na¬
and
'
,
rate
an opinion
Huger Sinkler
of
—A syndicate headed
Bond Offering—Sealed bids will
be received by the Town Clerk
selected
the
the printed bonds and
of their validity by
nominations
■■ a;
South Carolina (State
■
be
name
Principal and
payable
at
the
Bank, New York.
(J-J)
tional
tion bonds.
shall
Bidder to
rates of interest.
or
Purchasers will be furnished with
of
of Chester, and
Depository of Fort
Mill, jointly. Dated Dec. 1, 1947.
Due on Dec. 1, as follows: $4,000
from 1948 to 1957, and $6,000 from
16, 1947.
Lane
Fort
.
Hamilton
the
election
,
bonds
serially from 1951 to 1965
inclusive. These are the bonds au¬
at
election
Approved
Huger Sinkler
by
2Y2% water and
Due
thorized
the
Chase National
Bond
bonds.
sewer
legality
/
$60,500 water works bonds.
10,000 street bonds.
at
Sept. 23, 1947.
Charleston.
the
purchase of $73,500 not to exceed
4% interest bonds, as follows:
3,000
to
as
Offering—Josephine Den-
City
ney,
to
authorized
on
Galveston,
highway bonds. Dated
standing bonds of the same ma¬
turity, the bonds of such maturity
held
on
Bond Sale—The
$2,500,000 2V2%
wharves bonds offered on Jan. 8
proved
Offering—August Wilde
Bank, Atlanta, or at the Peoples
Bank, Bishopsville. These are the
bonds.
bonds authorized
Jackson)
and interest
Southern
held
Plainview), Texas
Madison County (P. O.
Tenn.1
deemed do not include all the out¬
and
election
Crowe of Dallas.
Quarterly Court.
National
Citizens
therein.
Principal
(M-N) payable at the
the
urer's
Tenn.
Due
and interest
at
Nov. 22, 1947. Approved as to le¬
gality by McCall, Parkhurst &
Authorized—An issue of
$4,000,000 school bonds was re¬
cently authorized by the County
deemed shall be the last
maturing
bonds, and if the bonds to be re¬
provided
as
follows:
as
thorized
55
Bonds
bonds
chase of
(299)
public
Humphrey Co. of Atlanta, and date, at par, plus accrued interest
to the date fixed for
Associates,
purchased
recently \
redemption,
$125,000 water main and sewer and a redemption premium as fol¬
au¬
held
until
Bishopville, S. C.
Bond
system
are
Secretary,
bids
SOUTH CAROLINA
bids until Jan. 29 for the
purchase
of $20,000
water works
These
F.
.
on
'
bonds.
,
Hooker, Okla.
Offering—C. A. Grounds,
Clerk,- will receive sealed
bonds.
Michael
receive' sealed
p.m.
Bond
City
—
Feb. 4 for the
purchase of $20,000 road coupon
2%
bid, is required.
Offering
enrich, Township
7
on
certified check for
of the amount
Grove R. D.
Bond
and
bined
(P. O.
3), Pa.
&
to
the
issuance
bonds.
be
Soon
held
voters
of
—
in
will
$150.,000
At
the
an
near
consider
County
-
Sweeny, Texas
Bond Offering—Claude
Bledsoe,
City Secretary/ will receive sealed
bids until 8 p.m. on Jan. 28
the purchase of $40,000 not to
for
ex-
56
(300)
THE COMMERCIAL
ceed 5% interest street improve¬
ment bonds. Due serially in such
Victoria
&
FINANCIAL
To Bessemer Trust
County (P. O. Victoria),
:
Texas > ■
CHRONICLE
Co., Jersey
urer's
Monday, January 19, 1948
office.
The
next
turity
from
tion
not
exceed
to
30
years,
date, redeemable at the
of
Rock, Ark., 1.10%; $600,000 St;
Louis, Mo., 1.10%; $745,000 Win¬
and Associates, as l%s, and 2s, nebago County, 111., 1.10% ; $500,000
at a price of 100.0012. Due on Oct.
Bremerton,
Wash.,
1.10%;
Conway, Ark.,
1.12%;
15, from 1948 to 1957 inclusive, $170,000
$168,000
Kings County,
Wash.,
optional in 1956.; v
;
;
1.12%, and $142,000 Santa Barbara
Woodville Indep. School District, County, Calif., at 1.12%.
All of
Texas
these notes are dated Feb. 5, 1948
^
1
and mature on Feb. 11, 1949.
Bond
Election
Soon
At an
2712—were purchased by the
Dallas Union Trust Co, of
Dallas,
p.
op¬
the
City Council on any
interest payment date.
Bids are
requested on interest rate and ma¬
turities.
The bonds are offered
subject to the approval of the At¬
torney-General of the State, and
of Chapman & Cutler, of Chicago,
whose approving opinion will be
furnished by the City, which shall election to be held in the
near
also execute the printed bonds. future the voters will
consider the
The City reserves the right to re¬ issuance of
$50,000 construction
ject any or all bids; to waive any bonds.
informality in any bid and to ac¬
UNITED STATES
cept any bid which the City Coun¬
cil may determine to be the best
Federal Public Housing Authority
and highest bid. A certified Check
Bids Rejected for Bulk of Local
for 2% of the amount bid, payable
Housing Notes ~r Only $5,474,000
to the City, is required.
\V,
of the grand total of $27,796,000
Trinity County (P. O. Groveton), notes offered by various local
Texas
housing authorities on Jan. 13 (for
Bond
Tenders Invited—C. M.
details see v. 167, p. 95) were
Garrison, County Treasurer, will awarded, the FPHA having re¬
jected the bids made by the
i
•
,
_
j
^
m
—
9
for
sealed tenders until
the
purchase
Feb.
approxi¬
of
Bank
&
York
New
Bank
&
—
County matur¬
ing Feb.
11, 1949;
Milwaukee,
Wis., on May 4, 1948, and Tuck-
ahoe, N. Y., on Nov. 30, 1948.
To First Wisconsin
w a u
kee
—
Co., of MilV
$268,000 Milwaukee?,
Wis., Authority notes, dated Feb.
5, 1948, and due May 4, 1948, at
1.05%.
Trust
VIRGINIA
remaining $22,322,000 notes
Danville, Va.
The Chemical Bank group bid an
interest rate of 1.27% for $2,913,-
1939, at prices
Co.,
those of Allegheny
Co., of
New York, and associated banks,
for the
mately $5,000 3 % general refund¬
ing bonds series
Chemical
Hanover
$100,000
Allegheny County, Pa., Authority
notes at 1.12%; $100,000 Milwau¬
kee, Wis., 1%, and $105,000 Tuckahoe, N. Y., at 1.07%. All of the
notes are dated Feb. 5, 1948, with
,
receive
Central
To
Trust
Bond Sale—The
WEST VIRGINIA
highest
City-r-$1,058,000 Norfolk Va., Au¬ bidder was. the First National
amounts as may be fixed by the
Bond Sale—The $1,000,000 road thority, at 1.08%; $600,000 Nor¬ Bank, Chicago, Mercantile-Com¬
City Council, the maximum ma¬ bonds offered on Jan. 12—v. 166, folk, Va., 1.10%; $918,000 Little merce Bank & Trust Co., St.
Louis, Dominick & Dominick, and
Milwaukee' Co., jointly, for $1,125,000 as l%s, and $375,000 as
Keyser, W. Va.
Bonds
Approved—An
Waukesha, Wis,
(P. O.
^
Hampton), Va.
of
WISCONSIN
2s at 100.0366.
Elizabeth City County
issue
$35,000 fire station bonds was re¬
cently approved by the voters.
Bond Offering—Nonie E. Crow¬
Bond Sale—The $112,000 airport
bonds offered on Jan. 14—v. 166,
ley, City Clerk, will receive sealed
2612—were purchased by R. S.
Dickson & Co., of Richmond, as
2.40s, at a price of 100.866, a basis
purchase
p.
of
2.303%.
Dated
Jan.
1, 1948.
Due serially on Jan. 1, from 1949
to 1968 inclusive.
Principal and
interest • (J-J)
payable
at
the
County Treasurer's office.
The
next highest bidder was F. W.
Craigie & Co., for 2V2S, at 100.119.
bids until 2 p.m. on Jan. 30 for the
ceed
of
2Mj%
$500,000
interest
not
to
sewer
Dated Jan. 1, 1948. Denomination
$1,000. Due on July 1, as follows:
$35,000 from 1949 to 1958, and
$30,000 from 1959" to 1963 inclu¬
sive. Principal and interest (J-J)
payable at the Waukesha National
Bank
the
or
Waukesha
State
Bank, at the option of the holder.
All interest rates bid must
Norfolk, Va.
$2 500,000 gen¬
eral improvement bonds offered
on
Jan.f 13—W; 167, p. 95—were
purchased by a syndicate com¬
posed of Blyth & Co. ofw New
Ybrk, Equitable Securities Corp.,
Estabrook & Co., B. J. Van Ingen
& Co., both of New York, Braun,
Bosworth
&
Co., Inc.,
F.
W.
Craigie & Co., of Richmond, Scott,
Horner & Mason of Lynchburg,
Bond Sale—The
ex¬
bonds.
multiples of *4
no
bid
shall
rate
one
of
or
be in
1/10 of 1%> and
specify
interest
than
shall
more
which
apply for all of the bonds. No bid
for less than all of the bonds or
for less than par and accrued in¬
terest
will be
considered.
The
bonds
are being issued subject to
approving opinion of Chap¬
man & Cutler of
Chicago, which
opinion will be furnished to the
purchaser at the expense of the
City. The purchaser shall furnish
the printed bonds at his own ex¬
pense. A certified check for $10,000 payable to the City Treasurer,
is required.
the
$1,500,000 elee->
offered on Jan.
and C. F. Cassell & Co. of Char¬
14—v. 167, pi 95—were purchased
Taylor School District, Texas
Charleston, S. C., and Washington by a syndicate composed of Smith, lottesville, as 2.60s, at 100.16, a
County,
Pa.,
authorities, dated
Bond r Election
Soon
At
an
net interest cost of 2.580%. Dated
Feb. 5, 1948 and due Feb. 11, 1949, Barney & Co. of New York, HarFeb. 1, 1948. Principal and inter¬
election to be held in the near
and a rate of 1.22% for $19,409,- riman Ripley & Co., Inc., B. J.
est (F-A) payable at the Chase
future the voters will consider the 000 notes of
Van Ingen & Co. of New York,
Allegheny County,
National Bank, New York City.
issuance of $150,000 construction Pa., Norfolk, Va., St. Louis, Mo., and Miller & Paterson of Rich¬
Due serially on Jan. 1, from 1953
WYOMING
and San Francisco, Calif., author¬ mond, at a price of 100.1029, a net
bonds. ;
■.(
to 1972 inclusive. The next high¬
interest cost of 1.8457%, as fol¬
Park County School District No. 6
ities, also dated Feb. 5, 1948 and
est
bidder was Lehman
Bros.,
Van Zandt County Road District
lows: $1,125,000 as l%s, maturing
due on Feb. 11, 1949.
It is ex¬
(P. O.Cody), Wyo.
Phelps, Fenn & Co., Stone & Web¬
No. 7 (P. O. Canton), Texas
pected that these issues will be re- $75,000 on July 1, from 1949 to ster Securities
Bond
Offering
Oliver
W.
Corp., Alex. Brown
1963, and $375,000 as 2s, maturing
Bonds Voted
At an election advertised for sale.
& Sons, R. S. Dickson
& Co., Steadman, District Clerk, will sell
$75,000 on July 1, from 1964 to
at public auction at 8 p.m. on Jan.
held on Jan. 3 the voters approved
Notes
Sold —The
Commerce Union Bank, Nashville,
$5,474,000
1968, both inclusive. Dated Jan.
23 an issue of $315,000 not to ex¬
the issuance of $200,000 road im¬ notes for which bids were ac¬
1, 1948.
Principal and interest Kean, Taylor & Co., Roosevelt & ceed 3% interest school bonds.
Cross, Seasongood & Haas, Sea¬
provement bonds.
cepted were sold as follows:
(J-J) payaoie at the City TreasDated June 1, 1948. Due on June
board
Citizens
National
Bank,
Norfolk, Southern Bank of Nor¬ 1, as folows: $25,000 in 1949 and
folk, and Thomas & Co., jointly, 1950; $72,000 from 1951 to 1953,
and $49,000 in 1954. The District
for 2.90s, at 100.7011.
will
furnish
the; typewritten
New Issue
Warwick County (P. O.
bonds and legal opinion of Myles
Denbeigh), Va.
P. Tallmadge, of Denver. Bids at
Bond Sale—The $74,000 airport
not less than the par value of the
bonds offered on Jan. 8—\h 167,
bonds will not be considered. The
p.
95—were purchased
by the right is reserved to reject any and
First National Bank of Newport
all bids and to sell the bonds at
News, as 2%s, at par. Dated Jan. private sale if they deem it for the
1, 1948.
Principal and interest best interests of the District. A
(J-J) payable at the office of the certified check for 5%
of the
less-than.par.
v
000
notes
of
Bremerton,
trie system bonda
Wash.,
—
•
.
■
—
—
.
$10,000,000
State of South Carolina
13A% State Highway Certificates of Indebtedness
Department
of
the
Is
Coupon Bonds in denomination of $1,000, registrable
to principal
lottesville,
both principal and interest.
amount bid is required.
Park
County School District No. 1
(P. O. Powell), Wyo.
highest
bidder was F. W.
Craigie & Co., C. F. Cassell & Co.,
and Peoples National Bank, Char¬
Dated January 15, 1948. Principal and semi-annual interest (January 15 and July 15) payable
at The National City Bank of New York or at the State Treasury, Columbia, South Carolina.
or as to
Finance
Due serially on Jan. 1,
from 1949 to 1973 inclusive. The
next
only
of
County.
(General Obligations)
jointly,
for
2V2s,
at
Bond
Donald
sealed bids until 8
ceive
p.m.
6 for the purchase of
Feb.
100.13.
Offering—L.
Northrup, District Clerk, will re¬
to
not
000
exceed
3%
on
$480,-
interest
WASHINGTON
Interest Exempt from
building
Federal Income Taxes Under Existing Statutes and Decisions
Pierce
Eligible, in our opinion, as Legal Investments for Savings Banks and Trust Funds in
New York, Connecticut, Massachusetts, South Carolina and certain other States
No.
County School District
(P. O. Tacoma),
by the County Treas¬
urer until 2 p.m. on Jan. 20 for
the purchase of $100,000 not to
(Accrued interest to be added)
?
Maturities
Amounts
Yields
or
Price
exceed
Denomination $1,000.
n$2,060,000
1954
1,45%
2,500,000
1955
1.55
lowest
2,500,000
1956
1.65
mium, if
3,000,000
1957
100
?;*
The above Bonds
requested
are
The Northern Trust Company
:
•
.
A. G. Becker & Co.
(Incorporated)
1
*»-■
1
Laurence M. Marks & Co.
W. E. Hutton & Co.
Incorporated
'■
Stern Brothers & Co.
Newman, Brown & Co.
First National Bank
The Citizens and Southern National Bank
National City Bank
ATLANTA
OF CLEVELAND
19,1948.
pre¬
interest.
accrued
Principal
interst payable J-D.
ing
opinion
madge,
of
of
Myles
Denver,
; /
check for 5%
will
P.
be
pleasure
in
required.
announcing
the
appointment
of
|
Municipal Securities Department
with offices at
The Marine Midland Trust Company
of
New York
'
INC.
120 Broadway,
J. M. Bain & Company
New York 15, N. Y.
REctor 2-2200
The! Milwaukee Company
COMPANY
THE MARINE TRUST
OF BUFFALO
January 15, 1948
..
fur¬
of the amount bid,
Mr. Fred D. Stone, Jr.
and
Tall¬
payable to the District Treasurer,
as the new york representative of our
Government
and
A certified
,
take
and
The approv¬
is
any,
Incorporated
ATLANTA
January
Stroud & Company
.
•
Robert Winthrop & Co.
and
No bid for less than par
incl.
OF PORTLAND, OREGON
•
.
Harris, Hall & Company
interest
OF CHICAGO
Goldman, Sachs & Co. Glore, Forgan & Co. Trust Company of Georgia First National Bank
•
of
1952,
$35,000 from 1953 to 1962, all
The First National Bank
OF NEW YORK
1,
Due
follows: $10,000 in
nished the purchaser.
we
The National City Bank
to
rate
Bidders are
specify either the
and
as
$30,000 from 1949 to
1948;
the bonds at par.
'f}
Dec.
$1,000.
above par at which
the
bidder
will
purchase
the
bonds, or the lowest rate of in¬
terest at which they will purchase
offered subject to prior sale, for delivery when, as and
if issued and received by us and subject to the approval of legality by
Messrs. Reed, Hoyt and Washburn, Attorneys, New York City.
;
interest school bonds.
3%
1,
Dec.
on
Wash.
be received
,
Denomination
1947.
Bond Offering—Sealed bids will
J
Dated
320
;
amounts, maturities, yields and price
bonds.
.
v-
'
.
@FedFRASER