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Volume
Number
163
4457
New
•'
York, N. Y., Monday, January 21, 1946
General Corporation and Investment News
RAILROAD
PURLIC UTILITY
■
Abitibi Power & Paper Co., Ltd.—Bondholders'
bondholders
The
March
on
15
company
consider
to
with The
tions
this
of
Ontario
Aireon Manufacturing
Meet'g
.
will convene in Toronto, Canada,
hugnes plan of reorganisation; Negotia-
company
the
Government
undeistood
are
on the subject
ing.—V. 162, p. 2513.
••
nouncement
licenses
timber
lor
the
for
The
y
-
fornia
to
Trust
may
Allen
Abraham & Straus, Inc.—New Pfd. Issue
The
Approved—
5
cents
share.
per
Payment
will
Industries,
board
Inc.—Annual
directors
of
has mranged
is
build
to
Tne
program
60,000
162,
Jan.
on
feet,
square
eight-story
—V.
began work
*
building
p.. 3185.
21$-,
about
this
fall,
Walter
..■
■
.
when
v
work
is
annual
The
the
•;
completed
-
Chase
appointed
National
transfer
for
agent
stock.—V.
common
Bank
159,
of
the
the
1.
p.
;;
City
class
+
A
of
New
common
has
and
been
class
^
:
Period End. Dec. 31—
R.
B
'
A.
•;.
■
y
Written
business-,—'—
William
9,476,000
7,565,000
8,836,000
66,665,000
for
of
the
are
at
The
31,
while the insurance in
gain of $68 million lor
a
during
19*5
record.—V.
162,
amounted
p.
$33
to
1385. "
•
Stock and Bond Quotations
:
':
force
the
reached
million
$648
Stock
New
York
341
Commission,
341
expected
Stock Exchauge__________^
Chicago Stock Exchange——^
Cincinnati
Stock
Stock
Exchange———
has also just been
made of the appointment of L. E. Vogt as Eastern
Intercity Sales.
Fred E. Dayes, Vice-President in charge of
Intercity Sales will make his headquarters in Chicago.
The appointment of B, M, Walter as Director of Industrial Relations
Air
Sept. 30—
'
Net
;
:
o,
St.
Associates, Inc.—Earnings—
Years Ended
.
;
.
'
\
Cost of
$12,512,397 $12,940,765
goods sold.—
of
plant
emergency
normal
of
excess
facilities
depreciation_„_w-v--i-r
V/V; ' 71,892
/
Exchange
Stock
Exchange—Curb
Gross., profit v.y._—
earned
Commissions
2,774
-cyV
42,790
/
,
Stock
New
York
Curb
>i:: .Total
gross
Selling,
f.c'min,
L_'-V$2,507,656
2.008,070
and
general
expenses——_
income
i'i
iiii
income
Total
■
$511,793
Interest- expense
Accel,
amortiz.
•Misc.
charges
Federal
Federal
emerg
Net
Dividends
.
plant
t
r
.
The
Manufacturing Co., it
substantial order,
said, is
was
;
his
election
recent
will
it
announced
was
Vice-President
a
as
direction
assume
of
sales
Jan.
On
J. H.
that
Van
by
in
ihe
Paul and
St.
16
■
,
of this company,
activities
Louis,
St.
Western
San
Fran¬
Williams,
A.
R.
Vice-
,
Moss
will
continue
as
Western
■'
r'v!:?r v
of
to
Hong
regular
which
12
by
Kong
company's
Hong
established
was
30
office
Kong
years
ago
the
at
same
announced
was
T.
Roed, President.
Foreign remittance service
means of foreign checks, foreign money orders by
by
air
or
the
it
Ralph
mail
transfers
cable
or
has
been
resumed.—V.
163,
348
;
133,500
share^ild—;' .1'
common
credit
for
debt
for
retirement
of
depreciation
$1.67
'
361
tinsville,
Sales
Dividends
*832,600
132,400
•
The
^
352£
—
Declared
and
Payable
Combined
f:} ■ Reserve
$2.76'
Reserve
Member
%
System,
—
BALANCE SHEET, SEPT. 30,
$716,518;
profits tax refund bonds, $20,557;
receivables (after, reserve of $41,000), $1,661,666; inventories—at lower,
cost or market, $1,130,950;
other assets, $57,397; land, buildings,;
equipment,
355
amortization
of
emergency
plant
facilities
for
depreciation,
of
$975,070),
charges, $83,992; total, $4,110,121,
.
and
sundry
terminated
war
and
payable—banks, $330,765; accounts
(Including $281,623 for subcontractors'-
for
$439,040;
•;■/>
,
LIABILITIES—Notes
payable—
claims
on
contracts
),
$591,936;
customers'
deposits,
$4,011; ■
employees' income taxes, $14,951; employees' deposits
for purchase of war bonds (.after cash on
deposit in special accounts),;
$2,987; accruals, $187,593: Federal taxes on Income of year ended
withholdings
Jan.
978.
p.
stock, par $100,
1946, at $105 per share
company's office, Mar¬
15,
at
the
-'v;.'..!'££■
of
the
board
Bradley
directors
of
William J.
Harold P. Jackson
fills
Brennan
.■
the
vacancy,
held
Jan.
succeeds
10,
John
Weston Bailey,
replaces C.
caused
by
Brennan
is
three
R.
of
$177,800; $1.37Va cumulative and' convertible
prefer red
stock
(authorized
50,000
shares,
none
issued);
common
stock
($1 par), $134,905; capital surplus, $555,024; earned surplus,:
$2,113,136; total, $4,110.121.—V, 162, p. 873.
^
1945—(est,),
the
Jersey Historical 8ocioty,
and
is
also
with
connected
Hospital.—V.
Charles B.Bradley is President of the
director of the Howard Savings Bank,
a
the Newark Museum and the
160, p. 2178.
Eye and Ear
-
.
American Safety Razor Corp.—Diversifies
'•
The
corporation
'
! ! Aluminum Co,, of America.—Gov't to Use Patents—
The
of
to
y
!
agreed Jian, 10 to grant the Government free use
for the production of aluminum together with the right
to
its
competitors
acquiring
Government-owned
company
its patents
license; them
plants.1
The
;
-
announcement
made
was
at
a
press
Conference' by
Symington,' Surplus Property Administrator.—V;
162,
p.
Inauguration of
an
international air
facilities
of
American
express
Airlines
and
air freight
System
and
of
y"
service
Railway
Express Agency was announced on Jan. 13 by the two companies.
a
new
entirely new and
•""'Tooling'
to
Mr.
Output—
soon will market a new type of cigarette lighter
the field of still photography comprising
wich film for taking 16 pictures, Milton Dammann,
development in
President/ announced
;
Service—;!'!!;!•!::yv,'v'!;- •'!'
combining the
and
;;a"Maga2ine,fi
Stuart
W.
28.90.
American Airlines, Inc.—Announces New Foreign Air
Shipping
ELECTRONICS :
Jan.
on
alien
He said that the two
16.
to previous
lines.
products
^
lighter production is now in full swing,, according
Dammann, who; predicted that .they will be in retailers'" hands
by fallY
He described the photographic device as being "past the
blueprint stage" but still in the final phase of laboratory preparation
and
declined to set any -specific
date for production and delivery.
reported that films, taken by the device will be turned in to local
will be developed at one of the several district establish¬
ments of
the icorporation.
Another new product of the company is
»,He
dealers'and
a
nylon
Co.,
shaving
Inc.—V.
brush,
162,' p.
*
developed
2810."
.
■
'
by
E,
I.
du
Pont de Nemours
■>.-
.
.
v"r ;*-;K
.
INDUSTRIALS
Members
Established 3922
BROAD
Telephir>
STREET
HAnovqr 2-2600
NEW YORK
*5
4,
Bell Teletwnr
N. Y.
NY
1-573
New
•
! !_ PROSPECTUS ON REQUEST
,
Security Dealers
STREET,
,
NEW
"
*
Philadelphia Telephone
F.ntemrise fifllS
:
INCORPORATED
5
Bell Teletype
~
LONG and COMPANY
HUGH W.
Association
YORK
48 WALL STREET
Telephone
REctor 2-36ft(>'
York
NASSAU
STOCKS, INC.
INVESTMENT FUND
Kobbe, Gearhart & Company
INCORPORATED
YORK
NEW
DIVERSIFIED
DEPARTMENT
qAllen& Compan y
New York
1-576
are
'
for
up
RAILS
INIunieipal Bonds
80
of
a
SPECIALIST US
MUNICIPAL
and
resignation
\
New
FLOEUDA & NEW JERSEY
.
new
Hardin,
resigned;
Hoadley.
the American, Insmance Co.; and
excess
etc." (aften reserves
161,
on
made
be
1945
of
machinery,
will
partner in the firm of Pitney, Hardin, Ward and
'.Brennan, of Newark, N. J.; Harold P. Jackson is President of the
Bankers
Indemnity Insurance Co.
of Newark, Casualty affiliate of
--
ASSETS—Cash,
cumulative preferred
redemption
elected.
were
B.
Frederick
Mr.
of
Banks
meeting
a
Charles
•
-—!!!356 ;
Banks.._
Statement of
Federal
of
At
deceased;
!,,!!
Statement, of Federal
for
Payment
Fla.—V.
.directors
_
Condition
7,149 shares of lrl>
called
dividends.
American Insurance Co., NewarkK N.J.—New Directors
353
Course of Bank
Clearings————_
350
Foreign Exchange Rates-—_——i
v 352
property,,
and equipment, and for amortization of leasehold improvements;
charged to manufacturing and- other expense classifications, totaled
$259,150 in 1945 and $197,414 in 1944.
'-v
■O;
of the
been
and
Condition
amortization
American Furniture Co., Inc.—Calls Preferred Stock—
All
have
Redemption Calls & Sinking Fund Notices. 352
$92,500.
and
; r
plant
30,
will
a
embracing, the Chicago,
at
State and City Bond Offerings and Sales,-,
T6/763
tax——————.44,300
and
NOTE—Provision
Sept.
a
reopening
Jan.
305
Auction
$224,772"'m $372,353
1—ddd—: .& 134,905
134,905
Earnings "per
trade
pine
yellow
carrying,
".".-'i,
V'/■■
General Corporation and Investment News.
"i V
44,233
27,860
profits
,
facilities—45,303
_•
excess
deferred
coal
'
Miscellaneous Features
$1,398,848
•
of
normal tax
•After
part of
wheels,
for
•
,
Manager in direct charge of the Chicago district, reporting to
Hollar, who will make his headquarters in Chicago, 111.—V. 163,
on
1,710,812
$1,378,051
20,797
needed
tons.
$3,088*863
UdL-——i*> $499,586
FrOflt
Other
profit2_w*^Cidii_i,diddi
is
four
have
gondolas,
weigh 30
Pullman-Standard Car
Williams stated
address
Exchange— 348
Stock and Bond Averages.
will
American Express Co.—Reopens Hong Kong Office—*
Exchange., 348
Transactions
$3,046,074
$2,504,881
J_
York
tons,
The
will
order
185.
P.
349
New
20
Sales
Mr.
Section!— 346
Transactions
■';
roofs.
F.
get
offices,
Mr.
344
Markets.:
weigh
President in charge of sales.
347
Exchange
Over-the-Comiter
69,932
r
Curb
Stock
>
the French Supply Council
placed with the American Car and Foundry
boxcars and 4,000 gondolas, the company anr
has
and
&
Hollar
A.
cisco
344
Toronto
9,824,759
9,935,623
P,
Exchange.,.———w* 346
Toronto
steel
to
Territory,
344
344
Exchange
.
Hollar to Direct Western Sales Activities—
343
Stock
to
steel
Following
-
Stock
Montreal
1944 ;
1945
V-7v
fi,
Amortization
Louis
Montreal
sales
,
Involving 8,750 Boxcars—
$100,000,000 freight car purchase
being arranged with United States manufacturers by the French buying
343
——_
and
-The A. C.
342
Philadelphia Stock Exchange,.--—
Pittsburgh Stock Exchange—
Announcement is
,
cars having a capacity of approximately 2,000
transporting bulk commodities.
The cars will
Madison, HI., plant,
t
V"
8,750
boxcars,
welded
Exchange,342
Cleveland
*'
the
-j1
Boston
Appointments—!
163, p. 185.
for
siding
Detroit Stock Exchange
Los Angeles Stock Exchange——______—_ 1
announced.—'V.
orders
321
Manager,
[ Tv
for
United States
The
be
orders for
the
nounced.
Curb
(Stocks)—^
,y
has received
company
from
Railway Purchasing Commission of
the
Co.
Stock
York
Exchange
Co.—New Orders Received
hopper
used
the ACF
Exchange (Bonds)
332
Exchange—
336
Baltimore Stock Exchange—_______ 341
as
Wit-"
■
ACF-Brill Motors Co.—New
to
Page
York
New
>
another
■1>v;
r-*■■
New
New insurance paid
j all-time-high
^ear.
million,
;-:r *■
65,938,000
Montgomery,
year,
Dec.
for
the
cars
Receives French Order
President, has announced that 1945 was the
greatest year
of
progress
for Acaciain its
entire history.
New
records, he said, were established in every phase of the company's
Assets
rose
to
business,
$145 million,
an
increase of $15 million
'
hopper
twin
ft.
built
-
immediately to Shannon, Eire,
Antonio, El Paso and Ft.
:.. -'-V;
:,
'
-
via San
following railroads:
Missouri,100
70-ton
steel-covered
hopper
cars;
Boston, and
Railroad, 20 70-ton steel-covered hopper cars. ;
!
These
be
;
9,736,000 120,021,000 112,781,000
93,366,000
89,227.000
11,335,000
_
repeated
Williams reports that
Maine
'
..
10,132,000
Placed ^
,.Net increase
Mexico
the railroads of the covered hopper car is evi¬
orders from the various railroads, according to
by
use
by
large
!>'■• V
1945—Month—1944
" 1945—12 Mos.—1944
>
•,
*$
;
y'"'' ''-i- >'•$
'
•
•
effective
to
as
163, p. 185. '
Williams, Vice-President in charge of sales.
Mr.
*•
Rothschild; President, stated, ;.
/" ■'\
V
-
become
well
Dallas.—V.
capacity
Pacific Lines,
Life Insurance Co., Washington, D. C.
—4945 Sets New Records—
as
denced
cu.
Acacia Mutual
will
London
and
American Car & Foundry
the
on
service
to
Worth
Increased
York
stock
are
The
stock- *
Agent—
'•
f
are now offered a through, two-Way service
rail express points in the United States to
Airlines' expanding foreign and overseas routes^
and
procedure has been "set up whereby air express and air-'
cleared at international airport cities
including; WashPhiladelphia, New York,
Boston, Chicago,
Detroit,. Dallas^
L^rWorth, San Antonio and El Paso, Texas. ,
-y
•
freight
,
$4,000,000 expansion and modShopping space will be increased
16.
the
air
American
ingt#f,
^-•iVi
-
its
on
of
shippers
23,000
on
Simplified
Cali¬
and
date
Alierton New York Corp.—Transfer
financing
major portion of
i
•" •
*
a
present
corporation
ernizatiou
by
The purpose of the new
eight story building to replace
store in Brooklyn, N. Y.
an
company's
Inc.
the
at
cities
,
,
Stores,
made
Meeting Changed—
the
■
Department
be
all
holders' meeting from the third Monday in March to the third
Monday
in
April—V. 162, p. 2265. >
.
The
stockholders on Jan.
14
approved the proposed issuance of
30,u0§ shares of 4'Apreferred stock, par value $100.
•
;
•
The issue is to be purchased In its entirety by the parent company
Federated
from" the
Co., 629, South Spring St.; Eos AngV.es, Calif.—V. 16^,; p.
proceeded satisfactorily. An
an¬
be made to bondholders at the meet¬
MISCELLANEOUS
-
International
Corp.—Partial Redemption—
has called for redemption on Feb. 28, 1946, a total
of 1,030 shares of the preierred stock at $12.50
per share and-dividends
amounting
new ;
INSURANCE
■
corporation
have
to
INDUSTRIAL
•
;
,
634 SO. SPRING ST.
LOS ANGELES 14
NEW YORK 5
1
r
&
CHRONICLE
THE COMMERCIAL 8c FINANCIAL
306
Subsidiaries
Operating
Operation
2,260,155
Depreciation ——1,16>,600
income
income
2,101,321
—w.
2,119,986,
571,226
J
Int. on funded debt-—
25,515,728
7,018,119
7,215,195
,
of elec.,
plant
acquisition adjustments
*
Amort,
stocks
Divs.
for
earned
Bal.
278,546
1,239,931
258,034/
281,118
INCOME
178,914
300,973
2,477,457
3,385,074
932,991
2,210,366
stocks
1,166,699
726,677
13,268,468
11,939,592
'
/;
-
.
:
,
(1)
oi piuuacts sold, includ.
material, labor and factory expense, : but, before v! /Z/'
601
deducting depreciation, repairs and
110
Depreciation
; ' NO. 640
65 20,4.
Repairs
—
...—————-,248; 141
Property, Federal and State taxes not based on, income106 164
Administrative and selling expenses—
——————
of
1,328,876
440,021
11,277,375
consoi—,—
sues,
>,404,306
Net
above
as
1,404,306
1,328,876
440,021
11,277,375
————
]
subs, consolidated
Divs.
11,939,592
100,510
•50,842
751,673
32,366
16,508
1,251,811
/
23,824
14,161,226
324,600
14,044,731
299,484
" 83,441
85,897
132,558
50,001
140,767
1,015,219
v 728,198
1,045,100
651,776
1,689,209
61,678
61,878
2,886
20,346
Int. on bends and ad-
advances
4,537
Other income,——,
-
>/
Gen.
Federal
Divs.
exps. (net)
&
tax.
misc." deducts.
and
Int.
.
.
taxes—
income
the
end
of
AND
BUSINESS-—Company's
business, since its organin 1931, has been automatic.:, merchandising>-of
principal divisions of the company's business are
development,
acquisition
and
ownership. of
coin-operated
The
machines
known
as,
Canteens
,•
1,689,209
at
were
and
accessible
/
other "industrial
establishments
general public.
/..•-// •
the
to
stock
951,320
634,103
-^r——
:
■
finally, able to start operafactory- after a
Nov.
1945,
30,
directors
the
were amortizing in
have
with designs
in accordance
and.specifications developed by. the company's engineering
,
an
directors
Dec.
on
27
declared
extra' dividend
an
of
x '
Hornblower, &
Lehman
r5,055x,
50
cents:
Union
presently outstanding sinking fund debentures.
The debentures to be
retired are:: 2%% series,- $3,650,000 at.>02; V/n'fc. series/ $9,400,000
at 105, and 3B4%
series, $11,280,000 at 106V-J.
The total'principal
amount is $24,330,000
and total premium payable, $1,276,200.
.The
company told the Commission that thfc transactions will result in an
interest saving of approximately 1.515c.—V. 163, p. 65:
,
1.130;
C77
Interest, dividends and
other income..—
65,027
The
company
Dec.
on
paid
28
stockholders of record Deo,
to
/
'
,
" : Sept, 29,'45 Sept.*30, '44 :Oct. 2, *43
$12,899,106 $14,253,547 $14,738,776
income
879,970
1,073,940 ■ 1,037,730
rentals &c.
oper.
.
gen.
service^^
$13,779,076 $15,327,487 Sln^Vfi.fiOB
11,903,086
13,218,988
13,565,166
& admin, exps.l
658,787
227,463
$1,449,711
;/
238,891
$1,459,600
$1,688,602
-December Sales
American Stores Co.
1945—Month—1944
■'■
.Sales
/
•
$
'
X>
21,503,944
—V.
162,
Up 23.1 %-
Net
xV/>xx/.:
■■
-S/'x/l/
;
17,465,247 220,412,091 216,283,966
domestic
ASSET?—
/
from
income
Federal
-:•/ ■;;/•:/>■/:/1945 y
$4,664,121
x
receivable
previous
in
paid
taxes
until
Total;
f
other
&
—
977,891
v—
1943
1944
The
v
1942-
.
1945—3 Mos.—1944
Period End; Dec. 31-
58.092,000
Operatlng revenues; -i./.
Operating expenses —
'
38,946,000
/Reserves
^
—-
-
2,974,746/
5,604,673
141,900
840,051
2,774,841
350,098
5,578,497
43.083
/. 466,760
6,100,030
;
: :
1,467,426
3,668,411.
4,840,717
779,212/
62,699
X'-X
57,438,109 235,825,000; 229,Oo 1,859
34,903,154.140,254,000 134,986,199
$4,675,717 $2,780,556
3 750,000 ; /1,725,000
1,115,000
/
(Preferred'-'"stock"
J"
//
•
.
r 1,905
4,000,000
336,619
'Surplus
5,856,479
—11_ /
•
/.
969,100-
;
•Net
2,170,000
44$62;000
1,141,000
———
(net)-—Drl5,665,000:
*Other income
,
21,677,000
income
income
Interest
13,818,000
2,376,582
Cr4.701,00Q
income——
oper,
Dividend
45,386,000
Total
60,077,000
9,931,000
10,123,337
1,604
.
.971,600
V 964,000 '
964,000
Z 5,490,830/
' 5,152,972
-.
Orders
door
49,236
,
Total income
6,340,373
40,254,000
23,865,323
40,136,942 165,653.000 159,599,787
1,037,820 - ,4,556,060 • 4,135i$80
JDr742,248Drl6,269,000 Drl,323,116
:
—
51,515,000
5,620,000
i
"4,853,287
value
of
this company amounted, to $18.-70 per share
as compared with $17.36 por share, on Sept. 30, 1945,
preliminary unaudJted
pp.
186 and 66.'
Ohio
&
RR.—Orders 1,400 Box Cars—
recently
been placed by this road for: L400 doubleBethlehem Steel Co. /will build .600 of these, Pressed
300, and the Harlan HoIIingsworth Corp. :f 500.
De¬
begin
in June.*/-.
'
|
WJtite,
v'* „ k ^
President,/oh/Jan./16;AhnounM^that/^K Ahb^>Goid>/
of the Bank of
President
appointed a director 'of
the
Manhattan
Company,
,
which
■:
*;
BELL -SYSTEM
:
.EARNINGS'' ^ /;.x■ '/;■/■/'■
CONSOLIDATED
(Company and Its Pricinpal Telephone Subsidiaries)
Per, End. Noy. 30—
1945—3 Mos<—1944
/
.
.
Associated Gas & Electric. Corp.—-SecuHties Exchange
General Public Utilities Corp.
Atlantic Refining:
/.
Ail
have
of
below.—V.
,
,
162/ px 2810.
-
Barium- Steel • Corp.—Flans
Co.^Calls 3% /Debentures—y/ ^:, /;/ix'
the outstanding 15-year 3r/» debentures -due Sept. < 1, 1953,
called for redemption on Feb.
15: next,/atM01'/3 . and
.
*,/Issued.for
been
Expansion--Stock > to
New/Properties-- ;
•
.
.
price,
plus accrued interest to Feb, 15, 1946,
debentures.—V: 163, p.; 187.
surrender of said
■$
$
x-:''.
$
X/,,:x'
/•..
Operating revenues,- 491,137,544 448,460,818 1,915,586,117 1,759,819,961
Operating expenses:— 333,238,914 284,290,189 1,253,635,831 1,131,710,27Q
upon:
presentation and '
profits taxes
Other
—
1,500;000
•Net oper. income/
Total income
Applic.
—
60,675,888
2,799,567
57,501,804
11,820,843
289,449,301
143,849,089
54,251,388
57,050.955
45,680,961
—
deductions-
Net income
74,848,226
35,071,015
£>r3,174,Q84
•JOther income,:
Interest
62,665,407
.
274,219,065
140,970,371
228,651,896
4,725,993
212,920,255
11,798,126
233,377,889
47,187,105
222,625,779
48,024,948
45,252,829
186,190,784
to stocks of
9,705,524
by
held
consol.
public
1,808,304
—2
Applic. to A, T. £c T.
Co. stock—.
Per
share
.Co. stock
A,
T.
&
—
.
Austin
Co.
(Engineers
and
jBuilders) —New
Sx.:;/x,,.;'/V:
1,767,813
7,233,809
178,956,975'
43,485,016
T.
•
♦
6,667,332
$2.26
167,933,499
•
.
$2.19
$9.06
$8.81
* Provision for excess profits Jtax was reduced by/reason of
premiums
paid on debt .redemption and other special non-recurring items. Other
'
-v *-••' ■■ 1
"
.
.
company.
has, announced
-
Automatic
Canteen
Co. of America—Common
Stock
&
Weeks, Central Republic ■ Co.,
Inc., and a group of underwriters on Jan. 14 offered 129,966 shares of common,stock ($5, par) .at $23.50 per share.
Of the stock offered, 21,912 shares /represent ' financing
by the company and 108,050 shares are being sold by
certain.stockholders of the company.
-•>"^/
Transfef .Agent: Continenlal lUinois NationaLBanktand Trust Co.,
*
Chicaga.
Registrar; Harris Trust -and.
The
•
of additional capital stock, of which
650,000 shares
to procure the Republic Industries, properties;.
i,!
Republic
.
.
Industries, '
Inc., / companies; to
be -taken " over
by
in the manufacture" of stamplxigs, chiefly
BNrium; Steel, are engaged
for the automobile industry,
.
.
airplane, engines, marine engines, per¬
adjustable jacks and aircraft/and hydraulic equipment. Their
added to the production of the existing four operating
companies of Barium will broaden the scope of the corporation's
activity, fnd diversify its output in accordance with the post-war
plans of" the management.
•
/
The increase in capital stock of Barium Steel, to be voted on
by
:
stockholders, will1 make authorized.capitalization • of. the corporation
consist of 2,500,000 shares of common stock of which 1,650,000 shares
will be: outstanding.
The«remainder will be - held : in the treasury
/and enable the management to take advantage of other opportunities
;
for expanding its activity both in/domestic and foreign markets.
"s
•
Republic ;Industries, Inc., is a -Delaware 'corporation/: with it? princloai office at 25 -Hroadi .Streeti New York City. ™ It was.
organized
In 1944: as the Continental Engineerings &,
Managepient: Corp/ and
in. April of. 1945 its..name .was changed to Republic Industries, Inc.
Its,,four operating units .ate:1
v
v
/x Jacobs
Aircraft Engine Division of Pottstownr> Pa., - organized In
192^,/and while crisiii&Hv, a manufacturer*'of; engines, fox; automobile
J
racing tears it steadily;, increased, its/out^utxof/ airplane' engines during'
;
thei appointment of,',three - new Vice-/ /
viz.: Harold A. Anderson of New, York, eastern „dist,rict.
manager;
Charles W. Payne,
Jr., Chicagoxdistrict, manager;
and
Ricliard Ellis of Seattle, district manager in the Pacific. Northwest.George.A. Bryant, President, pointed, out that each of these men
has been actively in charge of engineering and construction oper¬
ations in his district for some time.—V. 160, ,p., 1627..
/
Offered—Hornblower
'
!
43,872,657
The
x
/
Presidents,
174,600,831
"
1
subs,
shares
will be .used
(The)
;
Vice-Presidents—
34,557,335
taxes
Pay,, and Toronto (Canada).. Stockholders of Barium have been celled
a
special meeting on Jan, 28 to vote on the: authorization /of
to
,
/'-/'y ''////;;:;■■• //y/
.
•Fed. Inc. and excess
Be
.s
,
The corporatiop announces plan for the
acquisition of control of
Payment" will be made at the Guaranty ? Trust Co.. of New, 7
Republic Industries,. Inc.,/which operates four .manufacturing coin-*'
York, trustee, 140 Broadway, New- York; N. Y. / ;
• •.
v..//.
panies with plants in Cleveland (Ohio)/ Detroit (Mich.), Pottstown
Holders
may
receive immediate payment of the full /redemption r:
•
x'.;;
1945—12 Mos.—1944
been
his.
interest.
1
had
the
B.' &
p. • for the: balance of the ienn
predecessor, John R. Morton, had- been, elected at the
November stockholders
meeting, x
*.
'»
;xMr. .White pointed. >out that Mr. Morron had served as a director
of the ,B. & O. from Nov. • 16,:
1914, to Dec/ 4, • 1945, when it was
necessary for him to/resign in connection withx the offer
which /the
raxiroads^- hadxmadC; to PuUmari;:
Iney for v the ;i»ullmatt/Cd^ybf "both
of which Mr. Morrou. was a director.—-V.
163, p. 187.
-
Corp. below.—V; 163,
Co.
will
nuc,
$21,814,992 $16,187,931 $11,651,909 $11,141,809
.
Associated Gas & Electric Co.—Exchange of Securities
tNet income
Earnings
—
See General Public Utilities
5
46,772,887 194,194,000/186J277,674
5,626,254 22,363,000 :"23';lt2,06o
■—
45,895,000
41,146,633 171,83i,000 163,165,614
,—-—45,216,000
43,427,923 178,388,000 171 897,507
per-share—I$2.28 ' :
$2.13
;
•
$8.67
$8.54
due
New,Director Appointed—,
for
/
Dividends
Car
liveries
-971,600
964,000
have
t>ox cars.
Steal
1,531
:
-V,.; 162, p. 978.
x
Interest deductions
net asset
,Dff; 31, 1945,
y'
«—
bonds,
./The number of shares of Axe-sHoughton Fund, Inc., outstanding was
as compared with 268,381 on Sept. 30, 1945,
30, 1944. This was an increase of 73%. in the
year ended Dec. 31, 1945;—-yt
162,^/ 2938.
'
;x;
■ .r.-xy
$2,427:155
1,875,000
56,177
/
1,665
>
stock X—964,000
Common
'
—
first mortgage AVa%
1953, have been called for redemption
1,
291.336-on Dec. 31, 1945.
and 168.086 on Dec.
,
•Federal inc. and excess
profits taxes
Other taxes
(Wis.)—Bonds Called—
$325,000"outstanding
Baltimore
$4,677,608
5,000.000
——
'Minority interest —x:.
1945—12 Mos.—1944
$
S
v
xVX 1
Products Co.
821,814,992 $16,187,931 $11,651,909 $11,141,809
r-rr—
debt
•Long-term
:
/•
•
$641,395
paid in
.LIABILITIES—
■
Current. liabiUties
:
€o.~rEarnings—
(Figures for December, 1945i Partly Estimated).;
:
93
300,000
800,000
Dec. 31, 1945. Dividends
1945 amounted to $1.29 as.
against $1.04 per share in 1944. 4
:. Common
stocks comprised the
principal portion of the fund's in¬
vestments on Dec. 31,
1945,.
x
;;>/
/
.x1''//?"
$1,555,239
$381,940
$1,351,326
3,102,443
:
assets-.
acct.—net —-'
7,637,296
chafes —A; /.: 231,679
Property
Deferred
'
'■v-
,
J
:
$602,020
x
and $15.03 per share on
Dec, 30, 1944, based on
statement of the condition of the fund on
'
/
the
of
241,793
$1,741,487
:••■••>' -Vvv-■•'
•->'X?uV'
Axe-Houghton Fund, Inc.—Net Asset Value—
/,
:
$1,103,605
,
._„../^x:/ 5,201,556
'Inventories
affiliates,
American Telephone ;& Tetegrapb
'
.
on Jan, 22,
Payment will be made at the Marshall &
Ilsley Bank, trustee, Milwaukee, Wis.—V. 158, p. 2358.
■
on
•Invest.
recently paymaster of this company and its
the New York Casualty Co. and .Surety' Fire
Insurance
Co.,
has been elected Assistant Treasurer of the three
companies.—V. 163, p. 186.
'
»
'
Range!
Eugene
$1,499,694-
at 103 «/a and interest.
:
2,045,000
v
All
$548,219
-
711,647
x
3066.
serially to July
CONSOLIDATED BALANCE SHEET, SEPT. 30
Accounts
two
818,000
$73^,866
$771,939
Cash and mktble. secur.
American Surety Co., N. Y.—New Asst. Treasurer—-
157,233
:
981,000
p.
Automatic
years.
$■'/ -Zx
306Q.
p.
$980,087;
"
—
tEcflects "recoveries
H
:
f'
income
rV. .162,
$3,305,838
362,219
>
opera tions——_
,
profit
Net
s
:/
1945—12 Mos.~1944
(estj,„
$1,914,085
from
1,381/
2,082
and surtax—„
.300,000
/ 300,000
proiits tax (net)—610,000 / ;784i500
Excess
f 'y -83,994 •f ;/ 51,227
$2,570,483
;
817,544.
$3,398,947
2,503,860
Cr85,000
deductions
Income taxes
,
Period End. Dec. 31—
"Total
Other
2,000
.
643,854
l
20 a
dividend of $8 per share, which together with $2 paid on
Sept, 29, $3 on Julie 30 and $2 on March 31, made a total of $15' dis¬
bursed in 1945, the same as in 1944.—V. 158, p. 1342. .
- '
' -
2,000
income charges
Federal normal tax
'
year-end
1,662
1,662
Orpss'Income,.^——
$1,830,031/ $3,254,611
/1135,456
7,000
3,000
*
$1,232,137
-
i;;
7,000
2,494
338
Other income credits/—
ICO
$2,505,456
Operating™ "profit —$3,263,491
:
5,820
.
...5,820
JW
jc_
.
I
:
1,180
7.000
5,820
ix
1,180
7.000
7,000
'
/. 338
Cost of mdse. sales and
Selling,
.
)
American Steamship Co.—Year-End Dividend of $8—
10
5,820
————
Total.' „'
'
X11
7,000
5,820
;
STATEMENT OF NET INCOME
-
-
Canteen
'
'
1944.
.1943
' ^ 194?
$34,812,830 $18,736,838 817,057,808 .$16,752,733
<1 t
I/O SU7
11,438,517
12,573,469
; : COot 0i, goods Sold
' 27,604,411 13,356,673
1,513,105 ; 1,242,415
Sell., adm. Sc gen. exps."- 1,970,603
*1,582,974
!
Depiet.» depreciat. and
ix amorxizaiion —rrV
787,190
.1,974,319
i,291,'735.
lVl41,143
em A
v
>Sfears Elided-/
V
1945
v
7,000
5,820
1,130
;
Merchandise sales
Ashland Oil & Refining Co. (& Subs.)—Earnings— iy
Years Ended Sept. 30—
Net sales
7,000
1
1,180
Co.—
* •'
,
,
Profit
The
company has petitioned the
SEC for authority to borrow
$25,000,000 from six banks and to apply the proceeds, together with
treasury funds of approximately '$606,200, to the redemption of its
7,000
5,820
5,820
^
-
'
!
5,820
/
-
1,180
.
*
: <>
;^
1,180
Hurd, Clegg. & Co'.—
O. H. ■ Wibbing & Co
•
'i<Announcement was made Jan. 5 of an offering of 100,000 class "A":;
shares (par $10) by Wood, Gundy & Co., Ltd., and. Melady, Sellers, &
Co., Ltd.
The offering does not represent a new issue, the shares
having been purchased from -shareholders...
-v/---/
- vv:
Company, owns and operates , one of the largest wholesale and; retail
hardware merchandising organizations in Canada, the business having
been established in Winnipeg more than 75 years ago,.
Net earnings of the company in 1944 amounted to $376,574 Sifter
depreciation and taxes, compared with, dividend requirements, on ;the
"A" shares-of- $81,720 per annum.
Earnings in 1945 are . reported to
be in excess of those for 1944.
^
29,983
29,983
1,180 v
.
&
24,928
;;
/ 1,180
Securities CorporationDean'. Witter. :&"C0.^—
Collins
24,928
5,055-x
'
J
Merrill. Lynoh,, Pierce*. Fenner & Beane
Paine, Webber, Jackson &c CUrtis-—/
■femeius «a
x-K;
-
Offered
;
Brothers
,
Tolal
Company Shareholders^
/
-
1_
Eastman, Dillon .& Co,
Kebbon, McCormick & Co,,—
Julien
.
/
—
Republic-Co. (Inc.
Paul H. Davis & Co./_i—
$25, payable Jan. 18 to holders •;
last .year, in which four regular
cents each were made.—V. 162, p. 2139;
'
' '
• r '
"
(J. H.) Ashdown Hardware Co., Ltd.—Shares
Weeks
Central
.
/ /
Number of Shares to Be Purchased
;
'
A,
dividend of $1:50 per share/
initial
Corp.—Pays Extra Dividend—
payments of 12l,b
V. 160, p. 1394.
,
Plans Refunding—
premises
^
declared
quarterly
•
,
than-, in
years. :• Efficiency
>%
over
common
The
some
.
rather
^or the company: by .independent manufacturers.
/
,
per share on the common stock, par
of record Jan. 7.1 Jio extra was paid
of the subsidiaries, in accordance with
their tax; returns over
five-year periods commencing in 1943,; amounts aggregating $17,240,447, representing the cost of certain facilities which had been certi-;
fied by the War Department as necessary in the war effort.
The
subsidiaries did not record this amortization on their books, but,; in
addition to normal depreciation on these facilities they were reserving
the amounts of net income equal, to the resulting tax decrease.
In
December, 1945, the subsidiaries will elect to take a shortened amor¬
tization period.
The exact effect of this /action is not presently
determinable.■''"/ ,;v /■•
'a;/. '/■:'• •'// ■
':/■;/
:/'"/••''
tlncome deductions have been charged with $933,558 for the 12
months ended Nov. 30, 1945, representing the tax reductions resulting
from the retirement of part of the funded debt of three, subsidiary
companies in 1945.
.xx.Z;
' '■
x- ■/■;/, Z," .■ // /'■/>';
fDeficit,*
of
•As
the Internal Revenue Code
products
.
stock, payable Feb*. 1 to holders of -record Dec. 31.—
V. ;133,; p. 3969.
/x
■/
: ,■/-:/Z /
10,359,160
10,403,996
food
/::-/:;:xx ';' './x': 4/
never manufacany of its Canteens and does not contemplate doing so.
The
company does maintain an enghieering department, the effeorts of
whicn. are directed
to the
improvement; ox the operating ..efficiency
and appeai'ance of existing types of Canteens
and to the development
of new types suitable ..for.
vending, other/products. /Canteens'are .pro-
*
on
earned for com-
mon
dispense
y/ The company owns no rnanuiacturing-facilitles. has
Belle- Vernon
our
,
Arnold Constable
Bal.
which
( 2) the leasing of Canteens
firms v. and corporations tor operation^ in specified
territories; (3) the purchase of food products;^uch as candy, conlections, gum, nuts and beverage syrups and the sale of them exclusively
to Canteen Distributors for resale by- means of Canteens.
Canteens
are generally located, as. a result ,of accumulated
experience, in offices,
'
—1-———, $189,787
—,
October
Ang; lin-Norcross Corp., Ltd.—Initial Dividend—t
The
pfd. "Stock.,—. 140,-767,
on
450,000 shs.
Delaware
V'.V'/
—1,007,379
Total
Outstanding
500,000 shs.
of: opera¬ /■department xin conjunction with,-the manufacturer, ..: Company.: Jias
not looked to the leasing of
tions at this factory is Improving as many new .unskilled employees
Canteens, except .Drinltv Canteens, .'as a
profit-producing factor of the business. 'y/:-;/x;;?are trained in their work.
With this training already well; advanced,:
the effect
of full operations should become
increasingly evident.--::;
y J UNDERWRITERS—The number of shares which each underwriter
v. 163, p- 3187.
v
v
•
r>
y
,
^ has agreed to purchase appears opposite his name. •■. . ' • /, ,
•
x ;«
477,249
741,404
736,677
Authorized
,
6,
to various persons,
785
Crandon, President, states: We
near
period of non^operation there of
11 ,379.135
2,210,366
8,173
stks...
pfd.
on
S.
A
tions
Divs, on common stks.
JO PRESENT FINANCING
,
par)--——,
>.
$189,002
—
Net loss for quarter——.—
"
;
loss
Other deductions--—xxx—L—
Income of American Gas
and Electric Co. from
of
for-consumption at the point of purchase;-
"
inc.,
net
the
vending
546
...
—-——-;-r—-
—
.
tured
Electric.Co.—r
American Gas and
Undistributed
;
in
factories
income
purchase
■
,
■
$189,549
Other
<
•
;
-
Undistributed net inc.
.
($5
food products.
v,
ing
12,783,441
Dec.
ization
-
'g'
11,3 7y,135
.
stock
HBTORY
;
QUARTAR ' ENDED
ACCOUNT.
profit after deducting cost
Gross
com,
—
on common
CONSOLIDATED
;
EFFECT
account o* the company was increased from
$713,480 to $2,140,440 by
5) transxerring to common stock account $648,068: ox paid-in \surplus and
/, $778,892 ox earned surplus.
:
'
NOV. 30,1945
70,680
419,700
1,326,471
3,700,237
4,205
24,940
>
stocks
Divs. on pfd.
Co.—Earnings—
(Including Wholly Owned Subsidiary Company]
/
:
On
requirements,' including
post-war
any
1945, the certifies te of incomoration was amended by
/; changing ihe authorized capital stock from 150,000 shares no par value,
x. In
connection therewith, each, share of common stock (no. par) was
cUanged into three shares of coinmon stock ($5 par) and the capital
output
American Window Glass
33,757
/
of the electric properties of this company for, the
week ended Jan. 12,, 1946 totaled 83,774,000 kwh,,/a/decrease of .7.64
300 kwn., a: decrease ox -i.oiyc
>r
under the output of 90,606,700 kwh. for the: corresponding; week of
1945,—V, 163, p. 186.
Power
12,620,498
10,358,246
51,676/
Inc.—Output-
American Water Works & Electric Co.,
■
tOther int. and deducts.
•Reservations of net inc.
tor
vending machines.
CAPITALIZATION GIVING
308,008
27,667,598
automatic
/
25,207,719
314,481
-
18,boo
.
income--—
Gross
27,353,117
685,328
.
Operating income-—
;
1,192,452
taxes—;
—
Otner
24,964
2,285,139
600,589
„t
787,710
♦tFed. exc. pruxits tax-901.069,
Other taxes
——x-710,180
Federal
8,812,059
13,928,085
8,235,586
31,326,332
10,519,573
697,502
,
available
be
company's
Common
8,221,777
14,147,581
7,957,372
1,145,026
869,433
831,554
—■———.
the
PURPOSE—The-estimated net proceeds, to the company from the sale
21,912 shares will be added to the company'^ general funds and will
of
surplus. ' • 1
proportionate interest in. undis¬
tributed
earnings of subsidiary companies.
^Includes proportionate
interest in earnings of Western Electric Co. and all other subsidiaries
not. consolidated up tartly estimated).*-.rV. 163, p. 186.. / '
119,359,290
10,009,878 10,220,010 122,031,478
40,846,094
3,370,111 41,856,724
3,426,441.
-—•———
and
amount offsetting such tax reduction
an
these items was charged against
include
not
fDoes
Consolidated
revenue——
Maintenance
the balance of
1945-rl2 Mos.rr-1944
1945-t-Month—•1944
charged with
income was
Subs.)—Earnings-
American Gas & Electric Co. (&
Period End. Nov. 30—
Monday, January 21, 1946
,
.
manent
operations
.
-
.
,
,
.
,
,,
,
307
*
recent
The
years.
has
company
developed
a
hydraulic
machinery
Kermath
tool industry.
the machine
for
Manufacturing
Co.
Detroit,
of
Mich.,
v
stated., value
hydraulic
earned
Ohio,
v
.
also
subsidiary,
hot
produces
now
Great
J
effect and
withdrawals
Perma-Jack
exclusively
Corp.-of
Cleveland,
sales
a
-
1
Blair &
practice
all
this
subject to such restrictions.—V.
are
has
entered
into
Pacific
Affiliates,
of
both
Pepsi-Cola
of
asset
major
,Bo,ttling
.
,
Co.
cxf
Inc.,
'
Affiliates is
Los
Angeles
purchase
subject
the
to
entire
which
The directors
Share
the
have
declared
.;
dividend of 20 cents per
quarterly
a
Lucky
stock," par-$1, payable Feb. 1 to holders -bf
record Jan. 21, and a regular quarterly, dividend of $1.18% per share
oh the 4%% preferred stock, par $100, payable March 1 to holders4
of record Feb. 15.
An initial payment of 20 cents was made on the
common
on
Nov.
1, last, and one of $1.18% on the preferred was®
on
made
,
1945.—V. 163, p. 188,
1,
....
i?
the
be
of
5%
at
redeemable
series
June
first
B
1,
1947,
bonds,
mortgage
due
June
,;
any*
indenture
to
or
—V.
or
The
$3
;
directors,
have
share on
the
per
both
stock,
Dec.
of
effective
cents
7
holders of
to
share
per
was
•'
record Jan.
15.
the
on
stocks
issued
were
Nov. .1,
under
a
plan
19.60,
•
Bankers
$6
An
National
Investing
stock
Corp.
initial
stock.
he - has
*
at
Cost Of
1945
Sept. 30—
1944 *
-1943
9,716,084
9,232.995
due
course
AND
the
on
Gross profit
4
$7,827,740
$7,959,350
2,477,238
2,286,164
;Oross
.
£ lease
t- '
w.-.- <
*
547,942
BUSINESS—Company
Company,
the
in
are
Net
v
as
These factories,
different communities
;
27,365
200,000
600,000
$829,643
$867,997
$654,000
of
than
one-half
of
the
778,526
622,821
622,821
dividends
Surplus
CiShs. com, stk, (no pur)
Earnings per share.—
$206,822 :
389,263 ;
Y
$89,471
389,263
$2.13
estimated
the
*
issue
$31,179
389,263.
$2-33
.
$47,844
389,263
$1.68
of
Income
~!
eludes
Federal
taxes
and
sales of
profits
excess
for
$56,122
$46,319
in 1945,
tax,
under
v
tion
of
'<
$1.72
State
and
for
prior
$15,037
in 1944,
$297,075 in
of
the
in
1,450,000
143,471
143,471
246,000
1*—3,105,882
&
3,105,882
no
117,954
117,951
10,083,730
10,084,116
_——_u
—U-
—
"
Eastern
the
•
——_*.
S21.933.047 $22,024,486
V
-
4
stock
said
at The
Marine
Power
Corp.
the
to
surrender
upon
4
'®
:
Midland Trust
of
following sums:
*
Co.
date
the
of
their
certificate;,
■" ®; ■'
per share, representing
accrued and unpaid upon
1,1945;
83% cents
2.
filing
cash equal to the
each share of such first preferred
of the Certificate of Consolidation,
of
amount
an
share, being the dividend at the rate of 5% per
annum payable on Jan. 2,
1946, for the period Nov. 1, 1945 to Dec,-32,
1945, upon the shares of 3uffalo
Niagara Electric Corp. preferred
stock, 5',!o series into which shajes of B. N. & E. P. Corp. first preferred
v
stock
per
under
converted
were
the
Certificate
Consolidation
of
payment'of such dividend shall have heretofore been paid
the written, order ..of the holder, of such shares);
:®.
(unless
to or upon
■
pe'r shire, being the redemption price of the shares
Niagara.Electric Corp. preferred stock, 5% series into which
& E. P. Corp. first preferred stock were converted, and
including $105 plus the amount of 59.72 cents equal to dividends ac¬
crued thereon from Jan. 1, 1946 to the redemption date
Feb. 14, 1946.
&£■:
3. $105.5972
of Buffalo
shares of B. N.
—V.
Co.,
Inc.,
which
is
163,
188.
p.
The
and
its
the
company
order
open
in
certain
-
other
subsidiary
market
materials
'
are,
not
••
estimated
are
at
<•
of
expens.es
cumulative
second
face
amortization)
amount
.
on
April
1,
1955,
the
prepayment
of
the-note
and
discharge
of
loan
of
the
same. amount
to
the
same
the sale
authorize
to
50,000
additional
stock,
value
Total
-
'
'
1
revenues
.$500,947
31,466
27,605
370,493
314,453
171,113
54,742
156,692
1,900,598
1,801,724
649,515
743,579
617,696
..868,555.
754,234
$2,515,681
for depreciation
Taxes (other than Fed.
Prov.
Income)
Non-util.
'
expenses
oper.
Other oper.
;
v
1945—12 Mos.—1944
1945—Month—1944
Maintenance
with i
&
$7,142,516
51,133
■
$6,665,439
'
'53,782 V
,24,323 ;
————-
costs
$468,210
exp§.
m
48,770
.24,523
...
,
;
.
535,777
loan
the
Net oper. revenues—*
Other income, (net)——
bank,
Tpe balance of;
of the preferred stock
of
.
par
(Excluding Mexican Subsidiaries)
.
..
Period End. Nov. 30—
and
$3,6OQ/0O0v 'Concurrently
of
»
,
in connection with the issue.
The
of such net proceeds to the prepayment
loan evidenced by a
promissory
of
voted
15
preferred
preferred,
California Electric Power Co. (& Subs.) —Earnings-^
company from
after deduction
$35,000
(exclusive
the
the
$3,955,000
Jan.
on
of
of
$100 par value, and 150,000.
$100.
The directors are au¬
thorized
to
make the
second
preferred convertible and should th»
second preferred be sold in the near future, to fix a, dividend rate on
it of not more than 4%.
The' purpose of the authorization is to put
the company
in a flexible position in maintaining working capital
and to provide for. requirements which may arise, in connection with
future acquisitions as well as additions and improvements to existing:
properties which are under consideration.—V. 163, p. 188.
from
are
stockholders
shares
shares
Total
the
Fed.
/
income
Gross
•
v,'
v..
'•
'
\
v
/-.'I- -*
'
.
Preferred stock
'
'•*
(par
stqck
H
^
••
•>
.s
inc.
on
$165,521
$159,487
$2,735,659
4i9
2,709
20,170
3165.940
$162,196
$2,755,829
$2,539,105
568,331
570,679
-
—-
deducts.—
income
taxes
•;
47,078
46,774
23,424
:
(incl.
37,360
®
v'; 43,250
$81,806
profits- tax)—
excess
'.:'"Vr4j
Authorized
$15)
Outstanding
40,000 shs,
■
(np par)—_•
Common
net
.*i
40,000 shs,
492,000 shs.
*1,000,000 shs.'
—V.
-
*
$71,868
,
■1
794,249
678,442
$1,393,249
$1,289,985
'
•
p.
3068.
California-Oregon Power Co.
Period End. Nov. 30—
Operating
$5,619,475
for
1945—12 Mos.—1944
$5,574,574
1,241,945
$6,148,488
$6,108,025
1,323,957
1,433.060
1,355,97!)
•309.416
249,212
335,520
282,12)
560,354
513,730
607,442
557,995
6,064
6,064
6,615
inc.)
673,570
inc. taxes
294,250.
595,395
165,000
revenues*.—
Maintenance®
Prov.
-Earnings-
1945—11 Mos.—1944
Operation
*:
deprec
Amortization of limited-
.
4
162,
'
Cr$17,434.
split-up sh|res.,
income'
Net
excess
year,
1,450,000
>
insurance*—_
par)—*246,000
surrender of the
receive
stock
primarily
throughout the
$429,093
taxes,
2,900,000.
York, redemption agent, 120 Broadway, New York, N. Y.
dividends
assets
;$2,200,332
compen.
shares
(246,000
588,675
952,896
2,900,000
———_—:——
and
Nov.
.*Of these shares, 50,000 (out of a total of. 100,000 shares reserved
of foreign subsidiaries into U. S. dollars.
§ Includes^ v
for such purpose) are subject to
purchase by certain of the officers,
profits tax.
**Includes $1,605,692 for excess profits®
for State and foreign income taxes, and Cr$15,062 for'-f employees and directors of the company under stock options. These
numbers of
shares/ have been adjusted to reflect the two-for-cne
"ever-pravision for prior- years, includes normal and surtax, $242,930; ,1
-excess profits
tax, $2,795,973; post-war refund Cr$279,597; State and® spliMtp. of the common stock since Oct; 31, 1945, and the termination
since that ;date of a stock option covering the equivalent of
/foreign income taxes, $767,480; over-provision for prior
4,000
^working
960,276
884,269
contingencies—***—^—**—*
surplus
surplus
New
will
the
of
shares
effect
to
v-V.Vx*,
and'!;
for
(net)—*
est.
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING.
foreign
1943
$1,475,216
945,085
Holders of unexchanged certificates for 1st preferred stock of Buffala,
®
years. 4 tin-~ ;
j$19,928 in .1942 to foreign subsidiary not consolidated.
\ '$Adjustment upon translation to foreign currency amounts
-
taxes,
note 'payable'**—
-
$955,00$ 'of1 such net, proceeds from
will, in the first instance, be added to the general funds
company, to be available for general corporate purposes;
;.
for
income
empl. liab. and
Niagara
.
$550,428
'
;-.'L $16.25
agreement.
The -.promissory note and loan agreement are held by
Bankers Trust .Co., and the proceeds of the loan were used to prepay
provision
$1,475,212
—————
liabilities—581,444
corporation has called for redemption cn Feb. 14, next, at $105
share and dividends all of the outstanding shares of 5% preferred
stock, par $100.' Immediate payment may be received upon presenta¬
i"i!;*lnclu<ie8 $2,890,08? for excess'prof if s taxes, Cr$289,00$ for post-wtir^
'refund
etc.*.
The
agreement
taken
.
$21,933,047 $22,024,486
————_
'
payable,
State
for
for
1
7,471
per
preferred stock, the note is to be prepaid and the
relating thereto discharged, or funds sufficient for
such prepayment' are to be'ttepositedVin'^ tru?^; therefor/and .all rsteps
a
i
issue
note, maturing
outstanding In
$670,665
622,821
®
and
1
l
Burlington Mills Corp.—Pfd. Stock Issues Approved—
company will apply $3,000,000
of the company's term bank
500,000
-
200,550
2,026,77-1.
Buffalo Niagara Electric Corp.—Calls Pfd. Stock—
the
list
.
engaged
.FURPOSE—rThe net proceeds to be received by
loan
500,000
*—
—
200,550
etd.i'^—_i
surplus
At the present ' time- the' company and its subsidiary employ approx¬
imately 1Q,500 persons..
the
261,653
233,393
*3,511,599 **2,519,723
20,974
135,190
'
1,152,143
_
7,471
liabilities
Total
all- within 400 miles of St. Louis,
in five* mid-Western and Southern
year.
19
shoes.
Materials used by - the
generally :speaking, purchased on
suppliers,' hut,' leather, and
obtainable j^; full quantities.
-
$4,058,972
Cr27,867
S3,509.352
subsidiary—.
—
goodwill,
~~V» 162, p, 3188.
one
of
475,437
$5,048,225
86,760
<
Contributed
which
tans
slightly
company's sole leather requirements, while
the other tans
slightly less than one-half of its upper leather re¬
quirements.
Company does not manufacture rubber soles and heels,
lining, and various miscellaneous components used in its production
and
con ting,
profit
.Common
624,961
$4,876,847
§3,033,577
18,442
adjustment-
' post-war
Ls
.Company's only subsidiary, Maench Tanning
wholly-owned,
operates
two
tanneries,
one
of
less
war-time
for
Prov.
f
557,913
$4,198,248
——
Taxes on income (est.)_
'
Stock Exchange.
,
116,585
.Operating profit
Other
deductions,
other income '—
tExchange
:
consolidated
stock
States,.
vCr84,258
Cr38,581
''"
'it
4,122,617
8,873,819.
105,071
bonds—
——
Capital
.
tools
J.'.A.Y-
$5,082,329
1,605,853
1,605,852
(net)——
Capital
including rubbers, overshoes, and slippers.
Company and
predecessor; have been manufacturing shoes for more than 60
the first pairs having been produced in a small factory in
over
:
2,112,723
(Admin. So gen., exps—
'
ip
current
Federal
Res.
of the nation's major shoe manufacturers,
now
operates 20 factories having productive capacity of approximately ®
20,000,000 pairs a year, assuming a regular working week of 40 hours
$6,647,131
2,620,818
a
1, v'
of
St.,Louis.
9,537,702
$7,328,446
———w
& service costs*
profit on lend-
Selling
1946,
$5,062,329
4,121,746
refund
—_—
Reserves
15,
•
efforts to
its best
use
York
New
many
.
Jan.
oonas due Marca
Consol.
Company
,v
—7,907,863
accounts
Long-term
years,
1942
11,901,940
Redemption
accessories,
its
$16,561,441 $17,543,803. $19,661,289! $16,184,833 vl
,
goods sold——
>%-y(>
on
■
charges
Accrued
and sale to retail distributors
United
extensive
lines
of
medium-priced women's,men's,
and
shoes, both styled
and staple.
Sales of
women's shoes
constitute the
largest portion. of the company's sales and run approximately one-half of consolidated net dollar sales.
Company also
purchases in the open market for resale minor amounts of shoe store
Black & Decker ^anufacturing Co. (& Subs.)-^-ISarn$.
Years End.
from
children's
of their home furnishings groups.—V. 163, p.. 188.
-1 Net sales
Total
Other
manufacture
States
more
*
stock
492,000
■
LIABILITIES—
and
LISTI^G'r—Company has. agreed to
HISTORY
served since 1943. - .
&
1
;
'
Mr, Freyer has been associated with Montgomery Ward & Co. since
3940 as Assistant; Merchandise Manager and later, Merchandise Man¬
V
common
'i'.r'v
$979,14&
492,000
2,324.000,
SHEETS, OCT. 31, 1945
demand deposits
certificates of indebtedness
tax
name,
Trade
1276.
p.
$785,186
'
.
,
assets
Earned
shares- in
■*
ager of one
102 >/2
0
approving c a • proposal' to
three-for-one basis and on
of
250,000".
receivable
-
assets
Trade
part by lot at any time upon at least 30 days' notice at. $106 per
(or $104 per
share for sinking fund or in certain contin¬
gencies), with reductions in such prices on Jan. 31, 1949, and period¬
ically thereafter to $102 per share,
together in every case with
accrued
dividends.
Sinking fund to retire 21/2%>
of issue for each
year' ended
Oct.
31, • commencing
1948.
Transfer
agent:
Lawyers
Trust Co., New York,
Registrar; Irving Trust Co., New York.
-
Unted States Naval Reserve where
the
from
*
-
share
*j
,
a
250,000
1,788,330
Lasts'; (nominaT amount)--.';*—1
(Dividends cumulative Irom1 date of issue, of - shares,' and payable
30, .1.946, and zQUkfterly';; thereafter.
Callable in whole or in
■>
The corporation on Jan. 17 announced the appointment of G. C.
Hennebrink as Sales Manager to fill the vacancy created by the resig- •
nation of P. F. O'Neil.
William N. Freyer has. been Appointed director V?
of products.
-•
v
"
'•
;
\
The company also announced the intention of James J. Delaney to
i Hfesign, a? .Vice-President 4n charge of sales in the: near future.
'.v. < Mr. Depnebrink has been associated with the Armstrong Cork Com- ,pany in various capacities since 1922, his most recent positions with
that company being those of Assistant General Manager and General
Sales
Manager of that- company's building materials division from
% 3935' to 1943.
At present Mr. Dennebrink is on terminal leave as
Commander
Other
Fixed
April
V
Bt.
500,000.—V, ; 162,
to
on
shares
2,000,000
-
and
profits
Investments
Sachs & Co, and Iiehman Brothers mado a public
offering Jan. 15 of 40,000 shares of $3.60. cumulative
preferred stock (no par) at $102 per share and dividend.
Bigelow-Sanford Carpet. Co., Inc.—New Sales Mgr., etc.
,,:
Accounts
man,
of merger which became
Stpck scrip certificates were issued in lieu;of fractional shares.
They will become void on and after Nov. 1, 1951.
•
The" corporation has authorized '30,0QQ shares of $6 preferred stock
And 4,000.000 shares of common stock.—V. 162, p. 2266.
Treasury
Brown Shoe Co., Inc.—Preferred Stock Offered—Gold¬
1
*
stock
common
in
common
1
on
2,420,000
250,000
less post-
tax,
-.
on' hand
U.
-V-V,'
and which, provided
1945,
preferred
ASSETS—
Cash
Split-Up Shares—
Feb,
op
prof,
•
follows:
as
of
wilV Vote
25,00(1
526,000.
'
Inventories
.
10,000
490,000
profit
S.
75,097
15,000
BALANCE
$6,763,692 $49,515,032 $51,425,054
'
-
CONSOLIDATED BALANCE SHEET,
ASSETS—Cash,
$1,383,660;
Ities," at cost, $1,553,320;
'/reserve
are
In
of
$27,373),
generally
Black
/•value of
&
$1,724,069;
lower
the
Decker
of
$130,781;
and
inventories
cost
(Australasia)
life insurance,
SEPT. 30, 1945
accounts
(at
;.
receivable
standard
costs
246,000; shares: (excl,1
(after®
which.:";/
market), $2,992,375; investments ;
Pty. Ltd., $?$5.377; cash surrender ?
Canadian post-war refund of excess v.
or
'
profits tax-restimated, $37,645; sundry investments, accounts, advances
••and deposits, $295,155; property, plant and equipment (after reserves *•
for
depreciation of
$2,055,198),
$1,766,3?0;
goodwill, $1;
deferred?;
charges, $50,314;
,*•
;
total, $10,219,016.
,
"
LIABILITIES—Accounts, payable, $821,182; accrued accoupts, $59,615; Federal. State and foreign taxes on income—estimated (less U. S.
and foreign tax savings certificates, purchased for payment of such
"taxes when due of $1,391,950), $1,565,963; reserves for
intercompany
profit in inventory of Australian subsidiary, $21,000; reserves for
time
and post-war contingencies, $830,048;
reserves
for other-
t
.war¬
6.000
Taxes
scares
held in company's treasury)
with; an aggregate stated capital therefor on the" balance sheets of
$246,000.
Pursuant to.action taken by stockholders on Jan. 11, 1946,
)
the -• authorized
shares
of
common
stock
have
been
changed into
1,0Q0.-QQQ shares, (par $15); each
"outstanding- share ha& been changed
into two shares of the new common stock, or an
aggregate of 492,000 /
shares to be stated
of
in
the balance sheets
$7,380.000;' and' the shares held in
been
'.
of
eliminated.
The
.-
•
;
also
authorized
UNDERWRITERS—rEach
agreed
fo
company's
■~;:y
stockholders
the
40,000
stock, which is now being offered,
.
their aggregate
at
the
purchase
//opposite their name,
the
shares
-
- -
of
(other
than
Prov. for Fed
Prov.
for
Fed.
Net
Rent
par value '
tric
oper.
for
i»
309,250
of
731,500
$1,720,363
$1,912,227
".
elec¬
45,600
79,450
891,000
$1,917,897
$2,125,110
■......"
'
number
-
^underwriters
of
shares
of
Shares
tingencies, $45,594; common stock without par value (389,263 shares—
239,641
Net
preferred
-
Other
oper.
income
$1,499,058
income**
(net)—- :
10,367
$1,692,525
$1,676,500
$1,885,47.)
24,544
15,839
stock
Gross:
has
$1,717,070
$1,692,339
Income
set
income;.
$1,509,424
deductions
-
'.
544,920
672,887
$964,504
$1,044,183
.
26,673
$1,912,145
Goldman. Sachs & Co.„_- 20,000
.-V.®
Shares
®
Lehman Bro-thers
20,000
,;V
Net
income
*cv
d°hr. discount
——
591,852
731,090
$1,100,487
$1,181,05-%
■
and exoense.-—V. 162. p. 2011.
The Commercial and Financial Chronicle
(Reg. U. S. Patent- Office) William B. Dana Company, Pub1 shers, 25 Park
Herbert D. Seibert, Editor and Publisher;
Place, New York 8, N. Y„ REctor 2-9570.
William Dana Seibert. President: Wi]ii»^»
^
..ith a
on Monday],
[eveory Thursday (general news and advertising issue) with a statistical issue on Monday].
Other
Offices: 135 s. La Salle St., Chicago 3, I1L (Telephone: State 0613); % Drapers'
Gardens, London, E. C.» England, c/o Edwards & Smith/ Copyright 1945 by William B. Dana Company. Reentered
.
0„
-as
second-cla^ matter February 25. 1942, at the post office
......
—
at New York, N. Y., under the Act. of March 3, i#<a.
Subscriptions In United States and Possessions, $26.00 per
Canada, $27.50 per year; South and Central America. Sr>».m
O.
v, 1
®
Europe (except Spain), Asia, Austi
NOTE; On account of the fluctuations in the rates of exchange, remittances for foreign
subscriptions and advertisements must be made in New York funds.
i
241.397
j
con-
'
'
219,702
•
•
named" below
preferred
''
221,305
plant
-<
the
196,150
731,500
...
"
of
647,44!)
;
891,000
revenues
lease
6,615
.
727.754
v
excess
profits tax
^Special amortization
treasury, have
-
investment
term
STOCiK SPLIT-UP-L-At Oct. 31, 1945, there were authorized 500,000
U. S. and Canadian Government secur-t;3;
^shares of common .stock, (no par), of which, there were outstanding
trade notes
,
' $4,134,06V
510,000
contingencies,,^,,
its
interest.
Payment is being made at any branch
in Canada (Yukon Territory excepted) of The
Royal Bank of Canada.
—V.
162, p. 348,
:
for the issue of the
1
*
exchange for each share of
Beneficial Loan Society preferred stock, lirst series, and 2Vi shares *
of
common
stock in exchange for each share of Beneficial Loan:
Society common stock.
»
t
,
>,
,
it Also 1 Vz shares of common stock in; exchange for. each share of -;
share
One
*
on
securities
»ew
of
1$45—12^Mos.—1944
:
*
$4,179,241
surtax,
Cash dividends
v.
,;
45,173,
$3,607,893
72,707
——
for
in
Droppe4 0.8%—
The company recently- called for redemption
total of $40,000 first reiunding ana collateral
..
paid
3068.®®
p.
British Columbia Power Co;, Ltd.—Partial
last.
15,
The above
+
31
payable Jan.
distribution
Net
is
sites
Excess
±
an. initial
semi-annual dividend of L
value.$6 cumulative preferred stock and
par
162,
60,634
$791,270
excess
refund
war
and
California
expansion
$3,547,259
97,861
-
—492,000
Federal
Provision
■'
y
1945—Month—1944
3187,
p.
stockholders
150,000
.declared
no
cash
of
1,608
84,096
and
*
State-wide
Industries, Inc.—V.
•!*.:
*
.
split up the outstanding common stock
increasing the authorized number of
quarterly dividend of 7 cents per share on the $1 par value common f
on
-V'
Booth Fisheries Corjp.r~To
Beneficial Corp.—Initial Preferred Dividend,. Etc.—
-
Inc.,
Western
$6,709,963
162/
The
in part." v
162,,451*•
■■
in
acquisition
4,195,713
Cr48,227
taxes____
normal
;V;\
Inc.,
^
—
income
Deferred
additional bonds may be issued under the mortgage
securing the company's outstanding X;
end
in
4,108,877
recov.
—
Federal
Other
1, .1957,
at
including the redemption of the series B in whole
bonds
of
Period End. Dec. 31—
any
maturity
the
of®-'
franchise
by Blair's new west coast subsidiary,
under the direction of V. D. Dardi, the new
which
for
purposes
trust
on
thereafter
105,; and
begun
Co.,
State
operated
Sdles
interest date to Dec. 1, .1953, •
100.
They, are payable in*$
Canadian or U. S. funds.
"It is therefore desirable," the letter states, •
f'that the directors have the authority, if it should appear to be to
the company's advantage, to create an additional series of bonds for I
are
at
has
&
recent
Bond Stores, Inc.—December Sales
,
$30,000,000
and
;
their meeting on Feb. 28, will be asked ' to >
Authorize
an
issue
of $35,000,000
in new bonds.
In a letter -.'|o
stockholders the company pointed out that its currently outstanding .A
stockholders,
Salinas
Industries,
President
1 Bell. Telephone Co. of Canada—Proposed Refunding—®
>
V The
controlled
Western
..
i
$1,000,000
less
Cr24,321
$4,070,366
off,
4,i57,483
$3,972,505
written
profit
$56,458,352 $53,325,065 $53,241,547
48,352,685
45,717,157
44,910,153
ti.
Other deductions
approval
counties.
%/;>'-
holdings of Blair
which with the
Inc.,
and
p
-
than
more
accts.
Total income
the
existing chain of, 29 food super-stores in the. San Francisco Bay area.
ThevPepsirCola Bottling, Co., as. well as other properties acquired, will
common
Dec.
on
other
Stores.
Sacramento
include
all
capital 'stock
holds
31
1943
that
;
the
■/
>
the
; Among
\
Affiliates
securities.
* (A. S.) Beck Shoe Corp.—Dividends No,. 2——•
;;
Cust.
Gross
four... principal. southern- California
the
of .Pacific
assets
—
162.
announced
.
embracing
sales, less discounts, returns,
allowances, etc.
Cost of goods sold—,—
Selling, admin, and general exps.^«
Other, income .C
16
to,
agreement
corporations.
Pacific
of
an
on Jan.
1944'
1945
Gross
Co., Ixic.-T-PrGposed Acquisition-
corporation
The
CONSOLIDATED INCOME STATEMENT,. YEARS ENDED OCT.
state¬
'V
of* stockholders
of the Cleveland division, is a wholly-owned ®
subsidiary.
Also
affiliated with Republic
Industries,
Ino.,
is. the*
Industrial
Hydraulic Corp., Painesville, Ohio, designers and distr}b-. ji:
utors of. a
line of industrial .hydraulic."' equipment manufactured
by
the (Iacpb3 Aircraft" Ehgipe Co,~-Vf 162,. pf 3066.
.
*,
,,
{ '
V.'.
'V *!
*v.
$2,891,437:
consolidated
except the Austraiian
and Canada have exchange restrictions in
of the investment in the British and Canadian
outstanding, stock
the products
surplus,
the
subsidiaries
^Edward D. Keil, Chairman of the board,
markets4
which
company
2141.
p.
capital
$10,219,016.
past
Britain
companies, and their profits,
«
adjustable h"
•«
•
:
permanent
a
and other fabricated metal products.
house jack
[
tanks, but
water
$1,946,315;
total,
with
accounts- of
company.
.
organized 30 years ago, and fabricate a line of specialty stamp-.,,
ings, principally to the automotive trade,
.) Porcelain Steel Division of Cleveland, Ohio, originally was a' divi¬
sion of the Ferro Enamel Corp.r It formerly specialized In the manu—
of
the
include
V
.
was
facture
share),
per
$2,037,861;
accordance
ments
has
.
a
$5
surplus,
NOTE—In
.7
,
subsidiary,
a
'
making marine engines for 35 years.
The Geometric Stamping Co. of Cleveland,
been
■
of
line
new
to be used by • the builders of farm and material-handling
and will extend
this further into the manufacture of
equipment
equipment
.
year;
in Dominion of
;
THE COMMERCIAL & FINANCIAL CHKONICLE
308-
•«'
"
.
''
i
.'
* 1
Monday, January 21, -1946
■>*
Canada Dry Ginger Ale,
This
Moore,
in
begun
told
President,
Dividend Basis—
establisnraeat. of new
Canada,, resuming an expan¬
invest $6,000,000 in the
corporation will
bottling plants in the United States and
sion-program
;7: (A. M.) Castle & Co.- -Stock Placed
Inc.—To Invest $6,000,000
and interrupted by-the war, R.
stockholders at- the - annual meeting held
A
Emphasizing that this is not a post-war expansion program in the
sense, Mr.
Moore said that completion of this step m en¬
larging its carironated beverage business will give^ Canada Dry 40
companyt-owned plants in this country, compared with only six when
the program was begun in 1935.
Of the urban population, j0.«
come 'within direct delivery
zones of the plants, compared with oi j
..usual
''
,v
'<
'* v''
,iT
earnings„^_—1——
Net
.
.
..
" Payment
will
it
said;
is
in
scale down and
to
offered
be
the
to
$1,320,300
Central
A
of 35
the
5
cents
A.
public through
-
shares
of
value.
pur
no
.
; *
"
.7
>
.
.
y.
at
shares
created in the event
present 99,890 common
There are outstanding at
decide to issue them.
which are carried in the balance sheet as-a capital liability A;
of $277,247, and the additional 150,000 shares ere to be issued and *
^-allotted only from time to time for such consideration as may be de¬
shares,
in the aggregate the
termined by
the board
$750,550.—V. 156. P, 2095.
of
sum
(1.
-:
Wisconsin
in-
Appiop.
Unopposed—Calls Preferred Stock— ,'s
and by a very much wiaer.,'margin
,Jsible
additional:
of
invent,
a
bank loans had been entirely elimimproved and depreciation
taken up to the full amounts allowed under tax rulings.
Since re- v
.organization of the capital structure-of the company in 1943, he said,ju.
10,008 preference shares have been redeemed, an amount considerably
Drury, President, said
370,000
res. for pos- '
price declines v; ' 560,000
,
BALANCE
430,000
has
>
/been^ '
just
announced
;Ci
c
•,
„
Reeves-Ely Laboratories,
and
Products
Inc., jn'anuappliances and its sub¬
American .Transformer
Co
':
home
Corp.,
operations . throughout
194b.
SHEET,
OCT.
31,
the
New
Civil
England
Aeronautics
States
direct
Board
trunk
•.*
in
■,
,
Wash¬
service/
line
But
this
it
other-
any
emphasized
was
New
England
Boardmight
is
only
start and
a
that
the
New
or
designate.
?
other
Other
cities
■
these services
was
were
wus
prepared
to
city that the Civil
for Colonial believe
sizable
..
that
carrier
York
Attorneys
would
need
^
■
.......
.
,
to
:•
taken,, by Colonial Airlines, who
to fill
necessary
in
the air
900,000
Attorneys for Colonial empha¬
/Attorneys further stated thai Colonial's equipment situation was in
condition
and
that
the company
could commence service
immediately after any routes were certificated.
Counsel stated that
■
excellent
cities
such
where
as
Cjvil
1945
on
Springfield,
airports
service
could
are
Keene,
Concord,
serviceable
now
Rutland
could
or
literally be installed 24 hours
.
Aeronautics Board.—V.
.
service '
was
fit to undertake this new
routing because it was based in New York and has proven that 100300-mile flights from New Yolk were
self-supporting if the right kind
of service was offered and correct schedules
maintained.
t
880,000
to
:tJ4o positioii, against feeder lines
and Pittsburgh,
immediately readied,
be
after
authorization
by
the
"
-
*
-
'
'
163, p, 190.
Colonial Stores, Inc.—Current Sales Rise—
interest
Period End. Dec. 29—
bonds
Jin excess of sinking fund requirements,
sales,
Inc.—Expansion—
acquired
pattern of New York and New England.
sized its .type of service and Said It
hand, $2,846,964; tax notes, Series C, •
- thereon,
in excess of tax accrual, $1,0017176; savings
(redemption value, $123,800), $130,000;. notes and accounts re-tfg
ceivable—trade (including estimated termination claims of $846,787, i
ASSETS—Cash in bank and
and
of
>
equipment
be added later,
y
22,018
j,
CONSOLIDATED
t
the working capital position greatly
charge
.
th4iir;<'ct^rWoire''^'
maintained
,
M.
has
in
T- Keller' President,,
2638/ Cm
p.
Waring
give
York.
that
.
.
inated,
'.
colonial
.
■Victor
Marcn
proposes to serve are: Southampton,
"Long Island; Stamford ;
Bridgeport,-New London, Danbury and Hartford,
Connecticut; New- v
port, Rhode Island; New Bedford,, Taunton,
Lowell, Worcester and V
Greenliela-North Hampton, Massachusetts; Keene and
Concord, New
Hampshire; Brattleboro and Rutland, Vermont; Portland and
Lewiston,
Auburn, Maine, and Newburgh, Kingston,
Poughkeepsie, - Middleton,
West Point,
Schenectady, Saranac Lake, Lake Placid and Pittsburgh,
on
,
dated
instalments.—V.
attorneys for this corporation emphasized
again that its purpose in
this proceeding was to supply direct trunk line service
between New
York
City and as many New England cities as
possible.
The cities V
year
test
viz;
to
serve
sustained by
initial
162,
electronic
Aeronautics
ago the management' of this company was on Jan,
10 > .
Net income
'
■ 8854,081
$828,869 / $863,625
ballot at the annual general meeting of shareholders, with
Dividends paid
486.775 • •i;186.725
486,775 %
a motion
to adopt the report of directors ana tne fi- <:&j
♦Earnings per share».ix.^^J
v' $1.75
$1.70
^ $1.77nancial statement being carried on a vote of nearly seven to one, com"On 486,775 no par shares of capital stock.
+ Accelerated amortiza¬
pared with a vote of approximately three to one on the same question •
tion of emergency facilities applicable to prior" years after deducting,
at the annual meeting a year ago.
restilnated refund cf Federal taxes of $100,710,
'/In discussing ,the much stronger financial position of the company,
* ■
than
of
V
-
."...iL,.,356,000.
future
Vice-President
corporation
ington,
'
tAccelerated amortization
successive year
the: second
Massachusetts
taxes
be-
Colonial Airlines,
Inc.—Proposed Expansion—
83,986
$5,842,038
and
wilt
v:v.'
Ws sufficient to insure capacity
v
$7,871,551
$7,836,549 t $7,955,537
Interest paid
22,939
82,580
51,185
Los j on disposal of property
25,727
Fed. lnc: and excess profits taxes... '
4,027,000 ' 5,400,000 "
5,685,000
Estimated -post-war refund-——j
Cr525,000
—
Canadian Car & Foundry Co., Ltd—Management SusFor
$6,943,713
96,137 UU' 92,835
$5,745,902
/;
Total Income
come
tained—Directors
The
Aew
^
certificates
Corp. and Winsted Hardware Manufacturing
Companv!
Reeves-Ely Laboratories, Inc. which also produces
equipment for the r
motion
picture and broadcasting industries, also announced
that-it
■
operations'*//-^
•Profit from
Other, income
;
•
The
'
v;'1
14.—V.
sidiaries,
v"
the company has no intention of issuing the
this time and that the new shares are being
that at some time »n the future the company may
understood that
is
common
i';
share has been declared on
per
-
It
$1,267,000.
Hudson American
,
new
'
3390.
p.
V;,;'
:
payable in 10 equal annual
vanDerZee,
facturer
■
mon
of
Claude Neon Lights,
Canadian Bakeries, Ltd.—Plans Capital Change—"; .'
The stockholaers at. a special general meeting Scheduled for Jan; 18
were
to vote on approving a reduction in the company s capital by >>•'
Chain' Belt Co. (& Subs.)—Earnings—
the cancellation of the 9,130 shares of 55fcv preference stock of fOOO ;;: ::
Years Ended Oct. 31— >* :
1945
;
;; s
1944
1943 y *;
par, already redeemed, and an increase in the common share capital,.;;
Gross sales, less discounts, etc
- $28,197,940 $30,112,521 $27,049,942 ?
by the creation of approximately 150,000 "additional shares of no p«r
:
i
V 18,064.962
19,365,108 •; 16,072,589
.yalue.
If the:.reduction and increase are approved by shareholders and y Cost of goods sold
continued the company will have an autliorized capital of 250,000 com- ...
Selling, admin, and general exps;_..
4,387,077
3,803,7003,105,802
,
cost
%o
p.
Bo.-
nleCK
on Jan.
payable' March
$1,
par
111.—V; 151,
Chrysler Corp.—-Detroit, Mich.—New Director—
>
the common
i to holders of record Feb. 15. ■; Pay-^i:
ments
in
1945 were
as
follows:
March 1, 35 cents; and" June 1,
Sept. 1 and Nov. 30, ,25 xents .each.—-V. 159, p. 837.
~
:
stock,
Chicago,
■
-
Tco
163,.
refund
Ohio Steel Products Co.—35-Cent Div.—
dividend
Co.,. trustee,
Financing—■"
estimated,
be
Power'Corp.
•;/ It is stated that two investment banking groups, one led by Morgan
Stanley & Co., the other by Harriman Ripley.& Co., Inc., are pre-paring to enter competition for stock.—V. 162, p. 3069. ■
/
for
Trust
due
1946,
Illinois
for
of 5% preferred and
new preferred stock :
competitive bidding some
tijne in March.
Funds required for the operation will be supplied
by Central Power and its parent organization, the Niagara Hudson
will
Payment was made at the Continental
company has applied to the Interstate Commerce
Commission ',
authority to issue $950,000 of equipment trust certificates to finance
a_ portion of the purchase price of new equipment with' an
:
about, two weeks will- file with
its preferred stock.•'.*
-
Bank
.The
company now has outstanding $25,158,400
issue will be replaced with $20,000,000 of
which
595,372
——
corporation,
its' pian
this
the fixed properties of the Northern Ontario
the previous 12 months' .period ■ not being f
comparative, are no longer shown.—V, 162, p. 1884.
.
^ j
v
earnings
Co.,
interest.
outstanding convertible 5'> , debentures
recently', called for. redemption on Jan. 2
were
interest.
&
National
The
of the sale of
In view
Co.,
The
SEC
'
Power
and
1949,
Chicagro, St. Paul, Minneapolis & Omaha
Ry.—Equip- '
; Central New York Power Corp.—To Refund Stock— ;
$1,915,072.
earnings
Gross
Redemption—
Called-
the; $437,900
1,
^
j
on Feb. 2, next, $107,000; '
series L, due Oct. 1, 1970,:.made at the Old Colony
trustee; 45 Milk St., Boston, Mass.—V. 162, p. 3069.
lOT'/a-
Trust
1945
'Purchased power, operating, maintenance and taxes
of
April
company has called for redemption
and general mortgage 3Ya(/o bonds,
first
at
Ltd—Earnings—
MONTHS ENDED NOV. 30,
12
FOR
EARNINGS
The
of
that numerous con¬
tracts have been signed with independent bottlers here and abroad,
to produce certain Canada Dry beverages under license, to become
.effective when production facilities and supplies are available.
A plan under which options were
granted to certain officers and
managerial employees to purchase a total of 25,300 shares pf common
stock at $42 per share was approved by a majority of the shares
represented at the meeting. - The-stockholders also voted the leelection of the present board of directors.—V. .163, p. 67.
• ,
Canada Northern Power Corp.,
All
,
Central Maine Power Co.—Partial
V
3^''.
the stockholders
to
reported
also
Moore
Mr.
/
T
ment
i
will
VOftrS ' 8»KG'-
Chicago Molded Products Corp.—Debentures
quarterly
the
•
10
$1.50 Annual ; \
dividend of 37 Va cents per share has been declared on
common stock,
par $10, payable Feb. 10 to holders of record Jan.
30.
Payments last year were as follows: Feb. 10 end May 10, 25 cents
each; and Aug. io and Nov. 10, 50 cents each.
Dividends In 1944 also
amounted to $1.50 per share.—V. 163, p. 189.
/ " • " ,,
: y
W,
on
1935
on
Sales
1945—4
Wks.v4&44':
—$9,882,477.
1945—52 Wks.—1944
$8,378,830 $99,193,505 $97,656,625
^
——V, 162, p. 3070.
due principally from U. S. Government, after deducting advance col- /
'
cumulative
preference stock, $25 par, on Feb. 18 at'$35 a share and dividends. 7Y0 lections of $1,340,000 and after reserve of $127,250), $2,308,159;-in-J;
Stock subscription warrants are being given for each preferred share;';
Columbia Broadcasting: System, Inc.—Official Returns
ventorie-v $2,917,065; proceeds from life insurance left on deposit with £
insurance-, companies,
redeemed entitling the holder to purchase one ordinary share, at $20
$257,422; estimetea refunds of Federal excess
; 'Adrian
Murphy has been appointed Vice-President and General
profits taxes, consisting of $326,939 of post-war refunds and $100,709 /
U-t any time within 30 days after call date.—V. 163, p. 67.
■Executive of the corporation.
He recently completed more than three "
arising from accelerated amortization of emergency facilities, $427,649; /
years of military service, prior to which he was executive director of
other current assets (including surrender value of life insurance, $106,- .;
^Canadian Pacific Railway Co.—Traffic Earnings—
television at CBS,—V. 162, p. 2515,
428), $243,946; land, $299,079; buildings, machinery and equipment '
(after
reserves
for
10 Days Ended Dec. 31—:
depreciation
and
amortization
of
■;/'
1945
: 1944
$5,339,477),.p
Columbia Gas & Electric Corp.*—'To Merge
Traffic
$2,019,778;
trademarks,
patents, patterns, and v drawings—at record
$4,469,000
$4,523,000
The company
v.
'
17 called for redemption its $2.10
Jan.
on
-
.
'
-Earnings
163, p. 67.
—V.
of
deferred
LIABILITIES-—Accounts
the
salaries and
and
tuxes
in
Wisconsin
interest.
Payment will be made at The Royal Bank of Canada;^
Calgary, Halifax, Montreal, Saint John (N. B.), Toronto, Vancouver
Victoria, Canada/ hi' "at the agency of said bank in New York,
N. -Y.—V.
1C2,
./ The
and
payable—trade.
$414,123;
accrued
commissions, $402,103; accrued general and social security ~
payable for taxes withheld. $244,205; reserve for
Massachusetts income taxes,
775,-shares
outstanding issue of 6%
cumulative preferred stock '
was recently cabed for redemption as of Jan. L-1946, ;
share and accrued dividends of $1.50 per share.
Pay-';
being made at the Cleveland Trust Co., Cleveland, Ohio.—
entire
$3,946,526; paid-in
total, $12,628,594.—V.
capital stock
surplus,
162,
$267,958;
$102.50
ment
V.
779. .V..\
p.
The directors
v
Sales
contract
molasses
Shipped
or
Production
prices of
delivered
$1,211,249
---
undelivered..
$218,694
$1,162,824
1,810,187
596,584
1,573,021
1,926,899
137,395
135,957
Y
Federal
$101,598
income
incomet-_._._^___ir._____^._
/Total
$201,517
64,711
...
Cuban
for,
gencies
v
.
tax—
income
...
8,280
$928,189
'
$8,726
59,448 '
30,000
The
to
and
plan
date
by
of
the
war
and
other
continr,!Y\Y
•
$668,740
•>">!' v?
150,000 .
: •"*.
,
^
surplus,.—._y—-——$106,806
;i
not
including
was
defaulted
the
Commission,: with
Commerce
1943. wiped out
defaulted interest.
present
/
;
<;.;:*$37,700
$25
.
,
adjusted
-on:
the
pared
electric-
of
show
to
week
the
ucross
of
energy
general
ended
business
Jan.
sourh-
five
Co.,
subsidiaries
conditions
of
10, 4946
amounted
t74:
the corresponding week
with
company
p.
190.
'
,
the
t
Inc.—Output—
Jan. 16 announced System" output of electricity
and purchased) for the week' ended Jan, 13,
191,700,000 kwh,; compared with 198,400,000 kwh.
on
,
generated
to
corresponding
of
week
electricity
kwh.
187,700,000
of
1945,
amounted
for
the
decrease
a
of
187,700,000
to
week
corresponding
Local
3.4%.
kwh.,
of
.
compared
last
year,
no
,
163, p. 190.
$289,466; investment
$1,060,000;
property
and
in
ers,
Manopla
plant
Investment
(after
$4,164,254; deferred charges
$48,757; total, $6,399,032.
reserve
$3,256,210),
and
.
&
for
share
a
for
was
v.Y',-.;
their
and
mortgage bonds, $2,818,138; war and other contingencies reserve, $279.248; 1% preferred stock ($100 par), $1,500,000; common stock .(157,414
total, $6,399,032.—V. 162,
p.
244.
have
been
interest.
ville RR.
called
for
redemption
on
March
1,
next,
$104,000
bonds, series A, due Sept. 1, 1965, at 106 and
Payment will be made at the office of Louisville & Nash¬
Co.,, 71 Broadway, New York, N. Y.—V. 162, p. 244.
4%
.
The New
tration
20,
York
Stock
the
following
1945;
,
,
.
dealings
.
in
which
were
corporation
has just, issued a 40-page catalog in color titled
for Multi-Room
Buildings". - Advantages of ' air
for hotels., hospitals, office and apartment buildings are
.fold, and the. five..Carrier, systems explained in pbotograps and charts.
Conditioning
conditioning
163,
p
189.
,'.
■
service
It
was
announced
Jan.
on
9
by C.
J. Reese,
♦
to
users
will
of
Continental
coordinate
engines
all/service
throughout
activities
in
the .-country,-■*;
connection
with j;
large
Johnson
following
47
equipment.
-
became
with
years
**
associated
the
with
wjll
not
has
an
alter
or
entirely
said.—V.
163,
corporation
year
a
v
and distributor sales
,
.
(2) Milwaukee & Northern RR/ extended
June
1.
1939,
June
1.
1939.
(3) Chicago,
gage
gold
and
,
extended
first mortgage 4Va%
consolidated
\
.
■}[
//':
/
of
series A,- due Feb.
<
4VaY<?
under Owens-Illinois
Glass
below.—V.
Co.
farm
which ;
Reese
/..v-'.'.V
162,
p.
V
2940,
"
;
,v;-;//
1,
1975,
RR. 50-year 5% - mort¬
and 5^ convertible ad¬
justment mortgage gold bonds, series A. due Jan. 1, 2000;
'
The .foregoing
securiries
were- exchanged
for
new
securities
the
plan
of
(The) Cross Co.—Declares 10-Cent Dividend—
reorganization.—V, 163,
The
directors
on
Jan.
12 declared
a
quarterly dividend of
share on the common stock, par $1, payable Jan. 21 to
record Jan. 15.
Payments during 1945 were as follows: Jan.
stock;
each
April 20,
five cents in cash;
162, p.. 2940.
and July 20
in cash,—V.
*
and Oct. 20,
:
,
...
John
F.
Jr., 62, Secretary
Jan. 7.—V. 163, p. 69.
Gearen,
on
of
cents
cents
V
,
this
■
10
/
,
Cudahy Packing Co.—Obituary—
Park, 111.,
10
holders of
20, 5% in
per
bonds,
bonds,
p.
190.
Decca Records, Inc.—Borrows
The
in
/
corporation
company,
;
'
died* in
Oak
-
—V.
162,-p. 2941.
$1,000,000 from. Banks—
has borrowed $1,000,000 from
Midland Trust Co. Interest
Bank and the Marine
;
*■" '..f .;v;
Corning (N. Y.) Glass Works—Unit to Expand—
See
ago,
;
Milwaukee, St. Raul & Pacific
bonds,
mortgage
-
department
affect Continental's/airplane engine division,
separate service and-distribution set-up, Mr,
68.
p.
this
3o'rp,^/manufacturer
Oliver
y,t''f'• ■;
Creation of the new general service
suspended
.
,
he has *
department will assist distributors and dealers in improving
company's
Mr.
Exchange .has stricken from listing and regis-,
securities,
.
Milwaukee & St. Paul Railway Co." general mortgage
ifo gold bonds, series A, due May 1, 1989; 3Vi^ gold bonds, series B,
due May 1, 1989; 4*/2% gold bonds, series C, due May 1, 1989; 4V-2°,'orold ^onds, spries E, due May 1, 1989; 4%% gold bonds, series F,
due May 1, 1989.
due
Catalogs-
years
curities Stricken From Listing and Registration—
due
Carrier Corp.—Issues 40-Page
recent
.
Chicago Milwaukee St. Paul & Pacific RR.—Old Se¬
Dec.
Carolina Clinchfield & Ohio Ry.—Partial Redemption
mortgage
*:
for appointment of, three reorganization/
June called the plan "a good one" and '
equitable."—V. 163, p. 190.
(1) Chicago,
There
In
industrial customers as well as all service and
sales promotion activities on industrial power units and transportation
engines as .they' 1 elate to distributors.
; •
; >
'/•'M'V.V
;
i
Vice-President,
'
said.
the
last
lgoe
fair
service and sales divisions.
been Middle West District Sales Manager.>
?
Establishment
by this corporation
of a general, service and dis-trjbutor sales department under the direction of C. Wheeler Johnson,'
"he
provided
also
Judge
which
production,
The new
•
LIABILITIES—Accounts payable, $78,205; bank loans (secured by
on
hand), $43,734; note payable, $20,000; accrued liabilities,
$36,640;
provision for Cuban income tax for 1945, $30,000;
first
:
par), $1,593,068;
plan
managers.
one
receivables,
alcohol
no
The
funds.
the
in
President.
either class.
betterment
and
elected Vice-President to fill the position
of Assistant Sales Manager of the automotive and transportation engine
division;,
He has been Connected with this corporation for 30 years
year
tions
Trading Corp.,:
depreciation' of
non-current
Continental Motors Corp.—New Vice-President—
Palmer A.* Dolph has been
;
property was relieved of fixed interest charges of $1,500,000
and substituted for them will-be contingent charges of $1,005,704, including $705,704 of contingent interest on new income bonds, •
$100,000 of sinking funds for bond retirement and $200,000 for addi¬
a
hand, $51,330; materials end supplies, at cost, $356,473; commercial
department merchandise for resale at cost, $72,566; advances to plant¬
—V.
a
newly elected
reduced from $42,250,000 to $30,000,-.
interest.
;
:
The
BALANCE SHEET. SEPT. 30, 1945
" '
'
ASSETS—Cash in banks and on hand, $60,139; accounts receivable,
$105,644; sugar and molasses on hand
(net), $190,403; alcohol on
This
transmission line
gas
.
.
.
"Air
the
the
276,046,097 for
decrease of 29,051,030 or 10.52^.—V. 163,
distribution
/
stockholders
',
g New securities issuable under the plan,/and; to be dated Jan. 1,
1943,. included first
and
second
mortgage
income
bonds totaling
$16,500,000 and Class A and B common stock totaling $13,500,000 at
.
: ; $518,740
000,
'$37,700
Interstate
4,
Jan.
$14,000,000 in
■
first
for
.
approved
off
wrote
'♦Loss.
of
-The
reorganization
the
effective
an
46,426
200/000
$106,806
—
reserye.......^........^
Balance,
shares,
State;
percentage change.—V.
reorganization
Capitalization of the road
profit
FTov.
the
Pittsburgh the general management of the
serving the triple city area; the Home Gas
southern
for
1946,: amounting
on Jan. 11 gave the final stamp of :
of the company.
Judge lgoe affirmed
plan, having given it approval last June, since
when it has been approved by a two-thirds majority of the, various •
classes of/security holders,
/j,' "
\
r
t
$446
$908,717
19,472
99,919
•
ihcome...*..
charges.
Provision for
Net
as
-(electricity
Judge Michael L. Igoe
approval
'
V
groups
of
statement said
Consolidated Edison Co. of New York,
Chicago, Indianapolis & Louisville RR.—Court Affirms
1,190.686
133,213
1945,
with
$1,327,091?
Pittsburgh
company
.
operating
Other
in
1,108,396
$2,973,012
A
on
„
the
Other
share
20.
Like amounts were paid on this issue on Dec. 10, last, while
preceding quarters no extras were disbursed.'
'
'
[
regular quarterly ' dividend of $1.12?/2 per share on the $4.50 "
preferred stock, no par. vws also H««]ared, payable April 1 to holders
of record March 13.—V. 163, p. 190.
produced in the year:
Depreciation
Net
per
The
producing,
shipping .and
and. administration......
selling
.
cents
In
and
$1,807,833
of
25
the
served
246,995,067
the com¬
value, both payable March 11 to holders of record
par
no
dividend of
in
corporation
territory
Feb.
sugar
Total
.
Cost
quarterly
the
and
11.
weekly kilowatt-hour output
this
of
have declared an extra dividend'of 25 cents per share t
usual
stock,
mon
Years Ended Sept. 30—
.'.
the
and
Caribbean Sugar Co.
?
-
is
157,
in
Jan.
-.Commonwealth & Southern Corp.—Weekly Output—
.The
•
Champion Paper & Fibre Co.—Extra Dividend—
per
Binghamton
Keystone Gas Co., Inc., serving
counties, and/the'Eastern Pipeline
which operates in New Jersey.—V. 162,
pp. 2814 and 3189.
(2,586 shares)
at
of
communities
(486,« :
earned :
1277,
p.,
the
announced
centralize
counties
ern
$352,204; dividend payable ;
par),
no
$4,564,166;
surplus,
of
was
Binghamton Gas WorkS.
Co.,which operates a natural
wages,
amounts
and
price declines and other contingencies, $1,409,846;
CanLleid Oil Co^-Retires Preferred Stock—
;
Consolidation
corporation
Nov. 24, 1945, $121,634; renegotiation of government business, $317,000; r
otlwr accrued liabilities, $588,769; reserve for possible future inventory
131 £•>
p.
charges, $145,855; real estate mortgages and in- ;
(after reserves aggregating $21,021), $35,500; total,
move would
outstanding first mortgage 5%
bonds, series A, due
Sept. l, 1955, have been called for redemption on March 1, 1946, at-103
or
cost
at
$12,628,594.
Canadian Utilities, Ltd.—Calls Series A 5s—
All
Groups—
.
value, $1;
vestments,
the
on
Chase
National
the loan Is 1'<.
r
Volume
163
Number 4457
v.'././,;/
/
THE COMMERCIAL, &. FINANCIAL CHRONICLE
;
Delaware, Lackawanna & Western RR.—Trustee—
V
The
First: National Bank
New President Appointed—
•'
•
•
Acquisition—
V-''
Jersey City has been appointed trustee *
"-T. C. Wescott,- who has been with the Electric Bond andv.Share ;
under the company's mortgage
securing $4,899,950 principal amount ' System in various engineering and executive capacities for 35 years,;
of the Morris &
J5sse* Division 4*7 mortgage bonds due May;li 2042. .*•. has been appointed-President,7succeeding S./R; Inch,; who becomes^
■—V; 163,; p. l9p;
-X
-•
.;
VIce-Chairman.—V. 163, p. 191.
'
of
r
*.•/.""]
'i
Detroit Edison Co.—Hate Case Settled-
•
ariniial report containing' the
The
77
/
;•
1
Edison Brothers Stores. Inc.-To Cha.me
Tar Value-
/.■'•'
.
See Graham-Paige Motors Corp. below,—V,; 163; p. 191..,
. '
;
'
\
"
7'/'"/
Federated Department Stores,' IltC.; w Registers With '"7>
1
.
:
309
;
SEC—'
•
,
.
,
\
..,
••
/
w^f",
^menl
<
'year's flgufes'and other
.
company, '
The stockholders will-vote-Jan.-23 on -approving-a proposed amend- *
*The shares are to - be ottered in exchange T6r common stocks, of
will report the details of.;
ment to the Certificate of Incorporation- which provides for-change in
/ Wmv Filcne'S Sons Co.,;Abraham & Straus, Inc., Bloomingdale Bros.',-by; the Circuit Court of Ingham' .par value of .common stock from $2 par, value to $1 par value,-each , ' Inc;; and F. and R. Lrizarus, & Co., subsidiaries of Federated.*
County oil Dec.- 31, 1945."
The Michigan Public Service ■Commission < - present share to be exchanged for; two :new shares.—-V.;
163,, p. 191.-:
/./As. to 94,033 shares to be offered,-Federated is' to receive 156,725 '
and the company are in accord with this
decree, which .is, however, /n
.
//,v
''"'///v/;' shares of Filene's common stock, at a price per unit of 1% shares
subject to appeal by other Interested parties;- Estimated earnings for,. /
Flertrhr Power
" "hollas'
Ar»
of" FHene'a common.'
;
•
'
>
'
1945 are. $1.22 a share, after giving effect to'tlie settlement of: the-,.'1.
rewer d* lxipi ^orp.^aie 01 Dallas ;Ap- ;v- Asr-to 30,486 shares/Federated is to receive" 15,243.shares of
Abra-t
,rate:,cksc.~y.-. ,162, p.- 3190,777
'777!//'7777// 7' /
l\; Pr9vec*_i^">-:—<•
v
*"7;r;77/7/.-</ -ham ?&. Straus common, at-a- price' per 'unit*, of -'/a .of a share, .of.,.,
A' -Si'' 'i'-2
viT
iV;. /7'\77v70'77/'1: The SEC has approved the.proposed sale by the'"corporation of-all Its
j. Abraham common.
,
.
■ ,
v
.. /'/' r;
' V"
;.77 /
C/ New Director Elected—7777
.'(, holdings; of the. reclassified common :stock.: of .-Dallas. .Railway '» & c
-,to ,2?'588 shares, v Federated: is to-,receive; 31,451-. shares ■ of*
';7,w
■
f itieciea
<•
t., Terminal Co,
at competitive bidding
>'<
(seer latter company,. V. 163, i . Bloomlng.dale, common, at a price per unit of iya shares*:of,Blooming-* r'
Ralph T., McElvenny,-Vice-President'- and-Assistant to the Chairman
will'
news/which
the "rate-case
be
mailed
settlement
,
month
next
decreed
as
-
■
.
.
...
of-
the-American
The
directors
meeting'
to
<fc
Traction-Co.,
been-elected- a'.1 director, ,/S.-The
has
C0t-i,._T6 Split-Up. Shares- ::'
::Dirco
-
j, ,190),
Light
provide
.*•> 1
The'amendmenf-io
' «>
'
folidwihr-'
thV
approved
•
a
the
cmnpefI.tiy.e Didding by Electric
.
John
'
;
'
■
tlale common;
/ As to 3,584 shares; Federated-is
v
to
dale, and
■
S«ide"mPui«ive
the
,
outstanding,
t
transactions-
the- "registrant *"
,.'
*
/
filing
Lazarus
subsidiaries
;
...
.
&2Z&2S&X
of
'The-;registrant
is
with
the Commission a .post-effective amendment of- formerregistration, statement
deregisterlng
the
116 315
shares- with
the
v
ruling the
.
;l.j'
.
'/-V}/'"* Hearings
Manufacturing Corp.—Registers With SEC—
Company on Jan. 11 filed a registration stateihent * with the SEC
for 50,000 shares of 60-cent'" cumulative 'convertible'
preferred stock,
and 100,000 shares of common,
offering. price
will
par
$1.
The common
-
of the
be'used
preferred * will
working
$10
be
Increase;
to
shbre.
per
capital
and
for
set for Dec. 10, but was postponed because of the sudden death of S;
Treasurer ^qf;:,ynite4i.Qw/;.:who was to have becnl a-principal
witness at the hearing.
'
The 1
.
-
general^/
corporate. Ptoses.
Eled;n<r wiUfspecify ;hr a subsequent
Gas common to be- offered
united
In
Tne
the underwriters
of
names
will
filed by
oe
162,
amendment.—V.
086.
"
•
!
-
r
'
allowances,
.«
'
p,rst colony
offered
*
100,000
.
$12,929,031
10,063,621
profit
$2,865,470
Warehousing and trucking bxpenses:_73,007
Laboratory and engineering research expenses..278,469
Selling, general and administrative expense^—, ;
1,088,746
$2,267,158
,V 64,694
...
175,673
988,307
—
-''oa^uJonle operation
other
—-
deductions
Federal
.
Excess
Income
profits
$1,447,379
196,764
-
-
tax
of
preferred
'
,
„
^
f
-
,
Cash
J
The directors
Jan.
on
convertible
record
__
.
n
•
•
16
declared
/A
15.
quarter during 1945.
of
$1,
par
amount'
75
cents
payable
,
.
Period End. Nov; 30—
/Total ry.
1
in
to
-
.
$74,475
'
profits tax refund
Accounts receivable
i
Inventories
-11
funds
Advances
en
■
bonds
1944
'
$1,859,230
'•> * 1,3411
-
$1,631,398
2,175
—
soybeansl>„
1,800
309,871
,
l,02i,881
value of
plant
life
insurance—^,
822,985
54,890
51,044
-
and
equipment
Post-wwr refund of excess profits t»x
•t$ Prepaid expenses and deferred chgs. to opcr._>;':
' Underwriting
discount and exps.—unamortized -
2,168,395
1,868,097
69,805
1
72,767
: *102,569
789
.
-
.
Trademarks and goodwilL-._-
^
1
r
,
liabilities-^-
v
Accounta
Accfued
.
.
$169,007
25,000
for
Reserve
salaries
97,817
profits taxes..
841,272
434,061
i_—
.excess
:
1,000
bonuses unapproved
by U. S. Treasury Dept—
5(4 15-year sinking, fund debentures.7(r prererred stock
7'.b
preferred
5preferred capital stock
Common stock ($1 par)
-
tl,500,000
750,009
.
"Common stock (573 shares
Capital surplus-
sTaOOO
l
'
Arf.ordlnff
'
v-'
$5,774 037
been
"
in
nnu
a
seized;
destroyed*or
that, its name^ has
p< 319L
Up 60%—
miles in December,
an
Jan.
been
f'
on
_
P. 445.
'
:
notified
changed
amfouricbS—V. 162/p?a28l6'.''
be
cents
$147,885
23,639
2,260
$239,216
$3,984
:
24,857
$17,509
24,857
./..
3,517
$123,028
•
3,031
.
$214,359
34,855
33,226
Meeting-^-
per
.
,
-
,
G«iintv T)ktIllirir Go
U
.
GalW Stock-
llllff v .»1 C.
y
JLailS »IQCK
The
entire issue of 60-Cent cumulative ponvertiblei preferred stock
was recently called for redemption on Jan. 1, 1946, at $11
share and dividends/ These shares were;convertible into common
stock at the rate of two shares of common for each-preferred share
held,—V. 156, p. 2038,
•
(par $1)
per
,
New
York
Curb
Fedders-Ciuigan
Stores
SiOres
Period End/Dec.
;
,
Corn
Dec
i/Orp.—XJec.
-
,
/
'
Proposed Expansion—
President,, in
Briggs,
II.
?
.
(The) Gabriel Co
John
11 7%—
11.f /o—r-
5 i$45—-6 Mos.-^i944
$3,003,111 ; $2,688,482 $13,039,872 $llr998,013
—V. lbj, p. iy/.
162,
Increased
lncreasea
Sales
bales
31^,;/:: /1945-/-M6hth—1944
SavSuV^rTqir
Exchange
Corp.—'V.
Account Of Arrearages—
on
2,260
3
>
_
Federal Grain, Ltd.—$2
vv
$19,769
common
Franklin
,
'
PreSdcnt'ahd''&nmi/MarilK^
/■'
.
the
to
25,447 :-
//'; 17.745 //-
hf/stookholders < scheduled /for;Feb.: $,*1946,
March 12,:1946.. Stockholders' of reeord Feb, 20,
cntitled^^ to vote at 'this meeting/
/ : i:: ^
Franklin
*ranKUn
14
i'tV
1,105 '
1,960
a dividend of 25 cents per-.share
stock, par $2, and the regular, quarterly dividend of^
share on the preferred stock,- par $10, both payable;
Feb. 1 to holders of record Jan. 18. A like amount was paid in each
quarter on these Issues during T945.2~V; 16^^pp;: 767 and $69;
■ /
the
15
dismantled—or
1
company
)
/
The directors on-Jan.: 10 declared
Feaders Mfff.' Co., Inc.—Name Changed—
The
wiR
I946.
o"
■'
1
^annual -meeting
on
in
the
prnn^ss
of being
on the Hamburg Stock Exchange have risen
/2 P°Ints since D«c-28--V-139,
38,878
has been postponed to
*
„
$287,014
24,158
'
above
..
$191,077
'
-
and cquipt.)
—V. 162, p. 3072.
.
PrAco
11,563
$248,136
Foote Bros. Gear & Machine Corp.—Annual
'
•
.
destroyed—but Its stocks
$5,152,098
,
cor^ratiwri;'':too,^/pMsenger
x
'
.
The
rr
$837,418 in 1945 and $548,617 in 1944 for. depreciaV tion apd amortization.tIncludes sinking fund-payment of $87,$16
due on or before July 1, 1946.—V.
161, p. 2107.
■
a
:
20,890
$22,834
//
1,438
$6,243
Net income
.j—.
Dcprec, (way and struc.
T
•After deducting
Eastern "Air Lines; Inc.—Dec. Traffic
i
$259,699
$147,082
43,995
>
;■-/:, 108
1,088
5;/
•
•
-
i
*
Vacuum Cleaner Co
i."'
»„
1,075
'.!/ i)r4(il
40!291
$167,972
$22,726
,
$299,990
,
^cc°raing; wvaUnited-Press ■••a^paica ffom /Berlin,/Germany, on
dispatch irom joernn, vjrermany,
-Ixa',
iu
1
°L this company rose froni 137 to 141 Vz points
341,154
?,n ^ ^aiV4bur8r Stock Excbange/at the same time American authori2 865
ties in Berlin-were aimouncing that the great chemical combine now
510 000
exisfes M,n name only."
'
305*556 /
'AU the cohipany's propertiek arid assets Were understood to have
352,980
surplus
-.This•
'
A// $8,769 '*v-
li Inc., aft. fixed chgs.i.j
?
Conting. Int. on fd. debt-
I. y. rarDenindustrie Aktiehgesellschaft (I. G.
Dyes)
«—Said to Exist "in Name Onlv " but stock
Snurts -
18 300
18,300
Total
r»
731.700
par)
no
Eureka
i
14,200
1,500,000
—____
—
Earned
See
*»
/:
$23,801':
from
reconverted
~~L082
.
$9,230
;/■ Total income
•
and
Income
oper.
:
'V
528,077
r
.
Eureka WlUiams Corp.—New Name—
25,000
99,255
/—-—■—
Accrued Fed,- income and
■
6,000
3,491
$11; 520
Misc.*deductions
Total fixed ohafges^—-.
'
v
was
ry.
Other income
Production of Williams oil burners and air
conditioning equipment is
steadily increasing since the Bloomington plant
w»r ^ork? ^r- Burritt said.—v. 163, p. 191.
$5,152,098
$240,016
//Reserve /for; product pliability
t
$273,124
66,000
39,152
V
;
>
$828,067
;
>
.
-
payab'e
dn^resti—debentures
Accrued liabilities
v
I
$5,774,037
_____
Net
"
,
——.—.—
Total
;
96,632
.The stockholders on Jan. 11 approved the proposed -change' of. the
company's corporate name tovihite Eureka/y/illiams Coip.
* *
'
.Production of new products is being accelerated at the- Company's
/ plants in Detroit and Bloomington, 111.,- and output will soon surpass
the prewar rate/ assuming adequatg flow of materials, H. W/ Burritt,
President,, stated.
:
•
■
'■
1
A The companyNs neW hOme system.' designed lto clean from '<'attic/to•
cellar," consists of a light-weight upright vacuum cleaner, a tank' /W unit. and .a' group" of newly-designed color-matched attachable
devices_ for cleaning.Tdusting, demothing and spraying, as well as a
power-driven floor waxer and polisher. The company is alsO producing
a cordless'electric ifoft and will soori offer an electric food waste
disposal for home use..
'
'}■'$<290,776
499,688
—
surrender
* Property,
1945-
foreign exchange)
Excess
,
576,285
''' "'
$27,883
2,291
.'
f
for
Travel
i.
48,816
$21,011
.
.
reserve
i
Cash
$849,409
"
ry. opers.
Federal income tax-x/i;.r t'
/
/
.
$76,699
53,464
;
,
■
1945—liMos—1944
1945--Month—1944
-
revs.i_-:
Net rev. fr.
each
J-
"
oper.
Ry. oper. expenses,—.-
share
per
March
disbursed
was
,
There have been called for redemption on Jan. 15, 1946, a total
bonds due Jan. 15, 1947, at ;102 V2
an<j interest. Payment is being made: at the United States National
Bank, trustee, Omaha, Neb.
y '
' ;
'
■
•
The name of this company was changed on May 2, 1939, to Metz
Brewing Co.—V. 144, p. 935.
>;
.
dividend
a
like
,
•
-
of $24'000 of first mortgage 5/c
-
.
,
preferred stock,
Feb.
.
'
Pav+iol
t'ontcneiie Biewing fn
Co.—Partial RnJnmniinn
Redemption—*
Fonda, -Johnstown--&• Gloversville RR.—Earning^/--
"
n
of
on
Ri«winv
•
'
**
$3
"
Ttpdpmnfinn
ramai ItCaemptlon
.
„
,rvuJ\
'
;
«...
•
"
»
Equity Lorp.—75/Cent Accumulated Dividend—
.
_
Co.—Registers Stock—.
s- Co' *n<l stockton
-
,
191.
p.
the
ea
„„ beh».t,,, m, .syndicate ,wrj,
convertible preferred stock and
that the offering has been over-
stock
^consolidated
,
(alter
.
doek not represent new ttoancingThe price to the public will be $103 per share; " 1
are Starkweather & Co., Clement A. Evans & Co.,
dividends
ASSETS-—
-
y
cumulative
p. 7°.
>
■
■
,,
.
/V Preferred
Common
'
The underwriters
.
—r
profit to consolidated
dividends-.^—
of
common,
641,314///'437,575 / holders
—v
.
'
-
The company on Jan. 9 filed a registration statement with the SEC
for 6,000 shares 4^%
cumulative preferred
stock, par $100.
The
stock is issued iind outstanding and
-'niere have .been called for redemption qn March 1, next, $130,000
/;:rof "rst- mortgage 3Vt% bonds, series A, due March 1, 1970, at 105
^nd interest. Payment will be made at the office of J, p. Morgan
t?°'i •^ncorP°ratedr sinking fund agent, 23 Wall St., New York, N. Y.
83,837
183,785
.
of
.
$1,058,375
199,959
tax
1
Net
.
Sold—
Elgin, Joliet& Eastern Rv—Partial
1—I—,r
Income
Total
•
Dividend—
corp, h»s onncnncod
0,000/shares
shares
_
$1,422i3i *1,0i9192
—~~
'
,
amount
own
.
—.
./
<
■
subscribed—v. 163.
$9,084,838
6,817,681
sold
Electronic-Corp. of America—Stock
1
1944
1945
H
discounts
Gross
*i
•
Florida 1 ublic- Utilities
stocks.—v. 163, p. 191.
*
"
Bracket* Company (& Subs.)-Annual ReportYears Ended Sept. 30—«
sa.et.
less returns,
Gross
and freights
Cost' of goods
-
.
-.,v;
-
by the company.
-
.
.
a£?v2-V
.
First-Boston Corp.—To Pay Larger
-
•
:
"
amendment' the
exchange for its
•
!»•
^
Hearings on corporation's voluntary offef tp exchange-:portfolio hold- 1' iUTh€ directors on Jan;' 10 declared a dividend of $3 per share on
*vings-..of. United Gas Corp. common for-its own $7" and $S;preferred e ?ilP ™^.s^0C i I181
PnyoM® Jan. 30 to holders' of, record'
- stocks are.to be started by-the SEC
Feb,_4. The hearing originally was > Jan. 19. This compares with $1.50 paid on July 31, last, and $2-en
shares are reserved for Issuance
upon conversion of the preferred- on the^^baSis voftwo; shares of common for one share'^^of preferred;
-The
j/
f/
y
T
series A, par $8,
'Proceeds
United Gas Corp/ Offer— i
on
,
•
l;"/See^alS AbSm
.
{^SDeyle
-
•
Nlcol,. President, announced; on
jan./ll., ,Hg said
; In its
.-BEG. concluded that, the proposed' gale of the - request that the amendment become effective simultaneously with the
company s, plant
was
being
enlarged to double ; its, production #
common-stock of-Dallas,, all of which is; owned
by Electric, "consti- ; - present registration statement becoming
effective —V ■< 162
t»';1889
capacity and that orders on hand exceeded $13,500,000.^-V. 162, p. 1279. /
tutes a step towdrd compliance with our order directing the dissolution'
Ino
'.'yv-y-,
162
o* 1889
Hr-:
M''
/V- -'/of Electric.'' 5
p..'-.;,
-'v1v> ;V-Vr.
the
;
t'
-
i-eceive 3,259 shares of Lazarus/.
.
to .submit, to. stockholders, at. the annual .-.voting rights-for the-common stock-at elections for
directors,; and4
propo.sal to cioublo-the authorized e^pital.stock
^
(3)
. sale
t
of all its holdings
issuance , of an additional share for each share
of Ine reclassified common stock of-Dallas.
20
for
-/•;?!•••
•:
nronosed-
have, voted
Feb.
on
-;Vt
Commission
connection
with
the
.
proposal/ to
'
The directors have declared
.
/
Eastern Gas &.Fuel "Associates-1—To1 Amend Recapitali-
zation PlanThk 4A'rrt,wwi*
"'
"
-
ori,,icorf
hoc
lu *
-
•
*
L*
*'
and
•'
.
«
i
-
/
preferred
stock
and-20V<to
-cmnn,oh
vV' /Under
/
neither
affected.*
.
..
./-/,/■•' ^'/
;/
plan
V
\
would
>
the
:
4 y2%
.i;
■
prior
preference
P::
™
,
V,1S2, p. 3190...
.
,,,
r
/
The
Mit
stockholders
eaah
presant
scheduled
were
'.ham
common
to
■■
vote
Into
■.
For
the
operating
week
was-
Jan
four
19
on
,,T
companies
Jan.
,
,
10,
the
!
be
in 111
American
National
week
Power
Pover
&
during 1945
:
inputs
An?eHcan^ PoweJ
-
piTiS
Electric
National
Pnm
Power
&
Power
On
Co
Light
&
—
5St C?'
litht
At
A
follows,
of
•
not
appearing in
periods.'
-
'
*'-
Light
both
loaa
—* -8.1.0.*0
«r n-o
The above figures do not include
-*
(in. thousands of
• f.V '•
100,111
the system
•
1944
of
client
kilowatt-hours):
ioa<v'
tio
ln£
90,633
ivi
105,736
•
public
the
the
|
$2.77 "
developments, .production
sale,
cumulative
convertib.e; preferred
be, consummated,
new
preferred
tHhe wJ^the Smpa!" ^ relatively limited
^^i^1r acUng hSlic shwk abwrbers: for
productive
"Si ,1"
ca£
and
no
gf trucksluusses
-—Decrease—
P?J
,!'!
9,603
10.6
?,625/-
on
hand'and
accounts
and
railroad
cars.
the
During
under
.
Jf^^h^orSchJal
'/.
,
'
restricted
for
reserve
capacity
cash
doubtful
of
excess-
a
(after advance from
$2,550,000),.-$2,543,573;> advances to sub-contractors;.
profit J tax
refund
bonds,
$8,953;
inventory,
$672,881;
(depreciated
in affiliate (at costl, $25,000; fixed assets
$477,221;
intangible assets, - $8,454;
other
assets,
LIABILITIES
Accounts
oavable
and
$700,000)j
and
/
./.
navroll
$23,891; >
/ /
.
-,/;//
Government
contracts,
renegotiation
jafter
teserve
$126,411;
rieductlna
TJ
$600,000;
$1 151 030'
for
reserve
$
reserve
liabilities
for Federal
Treasurv
tax
for
,.•»
arising
income
notes
of
15-year 5c,'e s. f. debs., due 1959, $1,750,000; '
(297,588 shares),. $297,588; paid-in surplus* $322,654/ ;
earned surplus $2 363 887'" total
$10 990 389.'' •
•
'
common
•'
trade
/
''
.
re^bYe medft ScltT$2l%2l^accrS^ Senfes
advance—U... S.
voluntary price adjustment,. $1,672,000;
taxes
5.3,
$2,382,046;
stock
duty
shock
absorbers,
;/
-
ear
*'/'
/ /; Several months ago the management reached the conclusion that
ac-
contracts
deferred charges, $186,033; total, $10,990,389.
accounts
for heavy
further, expansion
™usfc
program
®f
,
Government
from U. S. Government contracts;
inputs of any companies
'
values),
04l;
^
t^ 12CWO
d™ S/n Soa;g,tt.m'StrSS'SSaS;
,,, ..
'
$4,656,940;
(after
■
1945
^doubling
c/aclty
ln*i
n^ug it to2
Tm,
terminated
shock absorbers
war period shock
passenger
.
deposit,
on
receivable
passenger
for the production-of heavy duty
facilities
.
SEPT. 30,
.
To. this end the;
corporation should praise additional
at
the earliest practical date, of
$1,200,000 in par value of its
Befbre any such sale cau
; •
.
,
/ investment
o
■
^ V1943 i
through
that
profits
Government
Ebasco Services Inc., which are subsidiaries
Light Co.. Electric Power & Light Corp. and /
Light Co., as compared with the
corresponding
as
1945
297,538•/ 285,088^
«1;93
$1-76
per share-^-™---V--
.\$100,300;
,
of
were
finance post-war
strengthen its. financial position.
decided
"After
-
costs
&
Subsidiaries
' -
funds
have
sharesl
,
W./ ^Xs/cS
\
System
-
/*$519,13T,Ut$519,704 -/f$790,000
deposits, $1,790;
,
Ouerathv*
'
Years Ended Sept. 30-f '
-'ASSETS—Cash
;
•.
:
-
1:'
FederaI;BMri»e-.« Welder Ca^-ISnitogs-T
BALANCE SHEET,
.
Of
.
per share;—
.
sali and\o
directors
.
.
^
ami
:
$1,589,231.
common>har.3,-V,
T
1946,
/
nrooosal' to
a
'v-V
*
ended
18' last year'
...
£:?C^;ettect to tentative renegotiation .set,lament.
Ebasco Services Inc.—Weekly Input—
,
,
.
provision for Federal income and excess profits taxes, of ;/absorber facilities of the company were
l.tAfter deducting-provision for Federal income and excess
thes® umts on
;ve^cle»
takes and renegotiation of $2,310,000 which excess profits ^ volume being concentrated in
JeeP-.
drafted.^//taxes were before post-war refunds.
^Approximate, figure after giving '
^mountuig to $250,(900
stock
increase
an
C V..,
/■"'./'/;
i'i.
.
.
/'-Net profit after
Eastern Steel Products, Ltd.—Stock Split-Up—
.
„
.
2 ^?bareS
«SiSflaSlere<i Earns-
The change of the new common stock; is based'on
earnings which has taken place since the original plan
s,.
the 6V.
^have additional capital to
Julf?
L
#
of about 80 ft. to' holders Of 6%
stockholders.
dssSe'C?202f)90: *h&ve6 f$io^ ParJa^>mm^
'
onSrch
Niarcn
J
.
///among ju-esent stockholders, at the rate
per share cn
.
^
*Wii
wnino.
dividend of. $2
i, uuiy 31 anaPNyr 30 ^s44made on
ana Nov. 30, 1944..
Ka5
' K'8
-A
"
Arrearages -as at- Nov, .13, 1945 amounted to $74.25
before-the Commission/smce ^ v, I63, p, 191,,S > . •
i«
U
L''V \ /
'
'
■
•.
'
A/,
cwA-'+u
b/SSIohSw ?i«« Sh£h -hot' ?
^alioa4?n Planwhtch /has .been
»
a
Jan
of passenger car shock absorbers
Per day in two eight-houi
J e,h.
adequate .manufacturing space to handle this
_
n°,!!fri'^Hnn"of^volume
> .yoiunL
Furthermore,
item
.
'
fce national
1
iq4K
f
tlr,'preductioV
for
the
sd®gS not°haVe
ansion
at
its
?
present
ecoffiSl
it
Metai
is
desirable to condivision (which
Hose
^^^/Sed\imrS4he
other facilities of the corporation in older to obtain substantial economies in operations.
for a five-year lease on a Plant now
owned MV/the Defense Plant Corporation, but tf
Jhese J^SoUation.
are not successful it w 11 be necessary to
construc^a^ new plant on
property purchased during the year 1945 loi this purpose
Detailed
plans
for
the
new
plant
have
been,
drawn
and
the
corporation-
is
protected in the building schedules ■ for occupancy in July of 1946
pending the outcome of negotiations -with the Defense Plant Corp.J
Due
to
the
above
situation it is
impossible at
this
time
to
auocaU
THE COMMERCIAL & FINANCIAL CHRONICLE
310
The
convertible, pre¬
plant, the program
of approximately
$1,250,000 of which $300,000 will be for new machinery and equip-,
latent and the balance for the new plant.
In this case all the funds
raised would apply to this program and the balance required would
be taken out of working capital.
;j•: >
.'k'./k' li .■■'■v.■:,■</,!• ..A
If the corporation can successfully conclude its negotiations with
the Defense
Plant
Corporation, the, expenditure for capital ^ssets
will
be
approximately $300,000 for new machinery and equipment
and $100,000 in capital expenditures for improvements and rearrangetnents in the leased facilities.
The balance of the funds raised would
then be added to the general working funds of the corporation and
would be available for the acquisition or development of new products
to add to Its present lines.
It is the desire of the management that
this latter program will prevail A v. /'/'
Hi'
The proposed Amended Articles of Incorporation, if adopted by the
£hareholders,
will
also
increase the
presently authorized comnlon
shares from 300,000 to 500,000 shares.
A sufficient number of the
the
funds
will
call
be
will"
shares
issuance
for
reserved
■
Operating
and
175,260
2,114,473
4,019,988
•
13,900
Fed.
exc.
and
surtax
874,112
13,700
<v
65,061
normal
165,743
profits tax~^
83,700
81,300
L
57,987
55,318
k $479,355
Depreciation
V
kk
income—
.
income
$39,879 ;';k
(net)—:-■•■/>-/•
•
1,892 /
i,75i
.
bank
the
income
_
_
$33,712
$41,630
-
,;;k/'"
deductions
2,812
Dec.
income
Net
—V. 162, p.
—
L ;
The loan
asset
At the
5%
of
end
1944
the
asset
24.
1945
the
.
Nov,
on
convertible
obtained
series
Nov.
on
due
t
value,
defined,
as-so
of
the
loan.
At
least ;equal
at
Dec.
31,
4%
1,
unpaid
the
to
.»' V
'
Value
'iHV
"
!'A
I
vVs?f:-.5
income
X ,.;;*'VVvk
1945
:
—
k
tax—
Other ' taxes
able
under
Net
income
and
2,325
.
/k k:.'V-j
,
indentures-
He
C.
Brandt
has
elected
been
formerly associated with
was
certified
and "Assistant
Controller
the firm of Arthur
public accountants.—V.
162,
2146.
p.
'
•
Secretary,
'
,
/ profits
& Co.,
Anderson
/
'
-
after
Walter
"
'
'
'
«
1 .>"•••
Discount.
W.
(a)
was
V. 161,-p.:.566.-
1
the
Federal
if such appreciation were
unrealized
General Electric
Grady L.
Roark
for
the
Hayes Clarke who
tor
the G.
E.
been
E.
has
Tube
Sales
made
163,
Balance
at
of
Excess
ferred
Division,
'
;
succeeding
-
*
Directorate—
creases
W.
Net
.
the
and
payable Feb.
Jan.
on
*
"
16
declared
regular quarterly
t.
15
holders of
to
extra
an
dividend
record
This
L.
stock
share,
per
both
first
the
Net
and
William
M.
*"
Robbihs,/all
his
duties
~.
-i
,
Manager
,
,
..w'l."',
' jV,,
)i
of
the
1
v
\ !}' y'y *,
>,*'
^
-
urer,
City;
director
V.
Harold
of
Bozell,
Pan
American
President
of
Airways
Corp., New Ybrk
Telephone Corp.;' New
General
York
City; Edwin F. Chinlund, Vice-President and director of R. H.
& Co., Inc.,
New York City;
Henry R. Hayes,
director of
Columbia
Gas
&
Electric
Corp.;, Albert F. Tegen, President and
S.
Due
from
of
Associated
Electric
©ubholding
companies
in
York
Willard
Thorp,
City;
L.
the
Co.
and
General
NY
PA
Public
co-trustee
NJ; Utilities
Utilities
of Associated
Gas
Corp., New York City; George R. Walker, Fresident of Huron Holding
Corp., New Yonc City, ana Chairman of the Committee' for Holders
©f Associated
One
Gas
William
J.
Electric Corp. 3%
&
the
on
vacancy
Waite,
board
Chairman
exists
of
eight-year gold bonds due 1940.
because
the
board
of
of
the
Clinton
York.
death
recent
Trust
Co.,
Public
marked
Utilities
Electric
Co.
Corp.
and
will
mated
final
the
as
Associated
■^reorganization since
GPU
the
control
1940.
corporate
Gas
'
four
step
&
in
Corp.,
The
in
*
;
operating
revenue
v
utilities,, with
Oav"*■
an
(
$920,786
$71,463
42'filT •kL, 42,901
$114,364
$119,177
;s
share—
per
37,164
,7
550
:
year-*-,'
of
Court,
securities
exps.
at
end
; k
37,314
550
See
that
stockholders
New Securities Ready
A.
F.
Tegen, President,
as
163, p. 192.
on
.
not
are
the
entitled
to
;
and After Jan. 21—
on
Jan.
such
1
on
of
—
$76,499
55,199
,
k,
205,800
46,921
83,946
/
$130,867
$260,939
___
provided for by the plan of reorganization of the two As¬
sociated companies may be made on and after Jan. 21. Holders of "the
various
classes of
securities
that
participate under the plan have
been
City
requested to deposit their
Eank Farmers Trust Co.,
wfiich will distribute securities
securities
22
of
The reorganization
with
William
the
debs,
redeemed—
the
St.,
exchange agent
York, N. Y.,
other
securities of Ageco and Agecorp that are entitled to participate
and other participating creditors will reecive, in vary¬
ing amounts, new common stock, par value $5 per share, of GPU.After the initial issuance of the new common, stock, transfer will
in the exchange
be
effected
at
the
way, New York, N.
The outstanding
follows:
as
New
office
of
General
Public
Utilities
Corp.,
'
.
capitalization
senior
Broad¬
61
Y.
debt
of
(bank
General
loan
Public
Utilities
represented
:
1%% serial
wotes) $6,000,000; new 4 1/a % convertible
debentures, due Jan. 1, 1956,
approximately $8,000,000; new common stock, par value $5 per share,
■•approximately 7,500,000 shares.
.The
the
New
new
York
common
Stock
Exchange has approved an'application to list
stock.
.
.
refund
Fed.
bonds
1,201.382
969,807 .y
4,190,216
5,214.070
55,499
55,499
-
64,914
——
exc.
417,999
132,?69
1,169,226
.
■
payable
152,438
1,048,651k
,
LIABILITIES—
Z
$16,048,106 $12,442,42$.
•;
• *
'■
ik
■
$486,765
$188,866
employees—. 76,251
72;484
k Accrued liabilities
'
667,395
586,365
Dividend payable; J
—:
.19,852
1
19,852
Reserve for employees' retirement———
* 200,000
Ik
tProvision for taxes on Income—
' 35,617 ,
205,825
-3% debentures, due Deo.- 1, 1959
,
5,000,000 '
—i .
debentures, due Dec. 1, 1956———
,T :
——
2,200,000 •
Reserves for retir. (1944), insur. &
conting
;k. 179,250 y : 229,718 k
Prei'erred stock (99,260 shares no par)—.
iy 496,300
496,300
Common stock
(par $1)
; ? 627,391
627,391
Paid-in
surplus——-——
;.
3,646,388
3,646,388
to
officers
—
—
-
—
and
,
—
.
Earned
.
surplus
—
i——
tAfter
U. S.
tax notes,
1944,, respectively,-
-
*4,169,243 "
4,612,897
—
'
———
.
$12,442,42©'
'
'
$16,048,106
•Including tax notes, $450,588 at Oct. 31, 1945.
v
\
year
—
'/
$55,139
$87,667
*
-
$3,206,412 and $3,088,000 at Oct. 31,
v
v
1945 an©
\
„
Company has filed
-
'
registration statement with the SEC for an
common stock, to be offered to officers and
Net
proceeds totaling $296,700 will 7 bd .
added
to the
company's general funds, to be available for working
1945 ' ksk 1944k/* 'Vcapital;ah©.general
corporate purposes.-~Vk 162, p. 2147.
."i-v.•'*
$3,722,888
$3,828,349
$131,638
/
$169,130
additional
a
12,900 shares of
employes
v
aL
$23
share.
a
stocks
——
195.939
—
k
,
S.
Government
securities
hand
on
Accounts
receivable
Dividends
and
Office
,
•
for
accrued
—
-
securities
•
——i-
——
sold—:
309,044
.
127,915
•
3,754
11,828
interest receivable-
Uv
(less
'k'T
■
1,028
$4,390,479
-
-
Accounts
1"
.
»
payable
Interest /accrued
Taxes
accrued
$3,677
-
5,342
—
<
_
5%
due
"a.\
3,672
3,500
.
Convertible debentures,
214% bank loan
1953—
2,000,000
.
dividend
Common stock
(12,438 shares)_'_
series
(200
1,238,800
kki/
shares
($10
Capital
; /
surplus
Earned
surplus
;"
r
15,000
66,989
20,000
:.
/H
66,989
f ' oon vaa
920(786
1,236,654
169,130
131,638
/./
Total"-J-:;*——1--—-L*":
—V.
932,850
$4,439,417; $4,390,479
162, p. 3073.
30'r
INCOME ACCOUNT, YEARS ENDED SEPT.
:
1945
s "
.'
1942
1943
V1944
I
gross
$3,454,888 ■' $3,483,234
2,486,9.97,
2,802,493
2.470,253
422,429-
466,530
.»
The company
3,002,646
453,534
The
of
to
applic.
''W interest
co.
subsid.
$251,857
$545,462
$828,403
;
$157,573
cents
>
States
L-
■,'"'/k;?o,i95
f, $838,598
:
% 11,966
j/V/H
12,404
k' 5,716
Unimp. prop.,
expenses-
./
U.
the
U.
S.
from
_i—-
-w-,
Central
Plaza Corp.
solidated)
(not
from
$264,261
$557,428
14,962 ;/■'./
-r
from
,
-
Plans
for
$143,284
S.
Total
Administrative
the
Mr.
Net
income
for
taxes
—.——
interest
and
currency
of
Ltd.—Registers With SfiC
registration "statement with the SEC
stock", $1 Canadian currency par
..-k-k/k'k
: ■ ..y
i-:'
?>..
common*
common
;"per share.
<
/The^estimated. proceeds to be raised
is $300,000 U. S. currency maximum and $195,000
minimum,/if • all: the shares; are sbld by-dealers and
any event, that all the shares aye; sold, kNo vnderwriters;
"
"
of
,
,
.
,
*•'
.
,
,
.
.
..
,
*
Ohio—Proposed^
•«
1 »)
t
this
products
15
by
P.
Litchfield,
products
division development laboratory, were announced
Litchfield,- Chairman of the board.
that the company plans to produce new
W.
explaining
$824,669
626,542
$542,466
241,124
231,971
*
$254,144
during
on
$148,189
161,272
$415,415
$287,583
172,162
184,845
'"$1,255,240
and-amortization
contingencies of
construction
of
the
new
139,393
$783,590
and materials as the result' of - scientific
the war, said that ground had already
research carried
been broken Tor
laboratory and that the buildings of
the conversion plant, now in the design stage, would be started within
several months.—V.
162, p
2271.
4,905
4,438
$611,428
expense
$187,500.
k $230,570
:
:
.
.
Frazer,
Chairman and President,
;
/
announced
outstanding
stock of the Warren City Manufacturing Co., a wholly-owned sub¬
sidiary, to the* Federal Machine & Welder Co. of Warren, Ohio,
The
price, he said,-would be equal to, the aggregate book value of the,
that
$118,721 '
*
Joseph W.
i
of.$416,141 and provision
\
Graham-Paige Motors Corp.—Sells Subsidiary—
168,862
•
"Before
proposed
company for the construction of/a $3,000,000 plant
conversion of resins into films and sheets, and a $1,000,000
..
$1,487,211
expenses
The
>■
■/
real estate
income
market channels
obtainable in
price
market.
currency
*'
Jan.
on
.%
con¬
sources
Jan. 4 filed a
■fExpansion—
20,004
14,555
$249,706
$542,466
'.
other
best
Goodyear Tire & Rubber Co., Akron,
k
$163,288
Park
operation —I—
Inc.
regular
the
company
./'named.
the
Inc.
the
■
.
.13,929..
$824,669
at
currency,
chemical
Balance
Inc.
through
depress
to
dealers
by
<
minor;
*
sold
stock to the public at 50 cents,
per. share.
If the company accepts offers .'
purchase the stock,' the company will sell to such
dealers, if any, at 32.5 cents U. S. currency per share'for resale at: 50k
k United
.
A
be
Exchange
unduly
is offering its
company
assuming in
Share of loss
on
covering 600,000 shares
each.
:y/y
.from
' ; 428,884
,
to
Value
-
$3,613,752
will
Curb
not
Gold City Porcupine Mines,
i:
;y-r-r-::;y\
—$3,765,186
York
as
"
■
props.,
—
so
.
k-g/kk
k
-
.r.ftkk'k'"';.;/
Real Estate Operations;'.
registration: statement with the SEC
are
stock offering constitutes 63.9%
of the company's outstanding.comI'lnon stock.
There &re 12 members in the syndicated? k.k-k <iiy\;e:
.k.No underwriting discounts and commissions are being paid.—V. 161»
p. 879.
k
k
-' h ^ yk -
Realty & Utilities Corp. (& Subs.)—Report ^
I CONSOLIDATED
&
common
and
securities
New
lots
small
-
■
General
The
the
over
;
series
outstanding
dlcate.
2,000,000
'
$6 "dividend
filed-
stock, park$i;kv!l^kshare$ktire issued
being sold on behalf' of the Adolf Gobel,'
Inc., Syndicate.
:
k'k, h- kk."kk Vrk.'.-h. v.
The common stock is being offered for sale to the public on the
New York Curb Exchange on behalf of
the Adolf Gobel, Inc., Syn»and
-
$14,870
$38,659
-
(Adolf) GobeL Inc.-—Shares Registered—
The Company on Jan, 10
•
k-f6r;;412,899 shares of
;
$36,850
.
5,902
771
depreciation)——
1945
1946
1.
Gperating revenues———
—V. 163, .p. 193.
3,047
$4,439,417
equipment
Week Ended Jan. 7—
100,000
»"
•-
Georgia & Florida RR.—Operating Revenues—
120,657
'*
200,000
198,776
k'
Corp.s is
by
tax
549,924'
2,367,904
2,797,775
disc.) k
equipment (net)—i
patents and, trademarks———
Accounts
i.ioo
; v
.
New
plan provides
year gold bonds are to receive in exchange for each $100 in principal
©mount held, $112.48 in the form of4kVt% convertible
debentures, due
Jan. 1, 1956, of General Public Utilities Corp., and cash.
Holders of
,116.304
—_
debts &
—
,22.416;
4
:
'
new
company to those holders.
that holders of Agecorp 8% eight-
bad
and
74,628
148,656
16, announced that the exchange of
securities
profits
Total
—L-,!—
Operating expenses U-J;
Depreciation
;
merchandise
for
78,000
-
/:/}
Southern
also V.
for
res.
$2,182,735
1,784,512 k:
—
$81,463
surplus at end of year—
Cash in hanks and
by
securities,
ruled
Govt,
/
,.,1944
'
stocks I-
Preferred
U.
Improved
k income.
of
securities--^--——7-
(after
'
$3,481,231
-
——
'
Bonds
■
court
having
^participation.
District
S.
*
31
1945
——
,
y
fc.
U.
plant
$76,499
ASSETS—
ordered
consummated
by
the
District of New York, calls for the
GPU in exchange for certain securities and
claims
against
Ageco
and • Agecorp.
According to the plan, only
tiolders of Associated debt securities 'and certain
"original" holders
©f prior securities will be entitled to receive the new
U.
issuance
'
hand—
Total
DEC. 31
COMPARATIVE BALANCE SHEET/ DEC, 31
Common
esti¬
'
*
$1,236,654
,
Investments—
-
•
$1.71
-i-
on
and
of
„
sha're—
per
beginning of year—
sales of securities
and
Balance
$5.50
of
process
j
of $140,000,000.
reorganization
plan
recently
gross
both
1
share
common
$1,007,411.
39,704
627,391
$1.54,
627,391
prof, tax (est.)Officers and employees stock purchase accounts '
'
!•'-r-secured 'L
—';k 251,68-1.'
Sinking fund with trustee
208,000 :
$1,236,654
-
!_•—
Earned
:
emergence of General
survivor of Associated Gas-&
-
of
;
Property,
$1,236,736
315,950
capital—
of
the
Electric
•
gioups
13,200
3,002,650
$1,110,749
;
39,704
—,
——
refund
div.
t f•f
New
.
election
The
year„^—
Government
Excess
.
on
LIABILITIES—.
New'
Electric
&
31,238k
Registers Stock—
-
•
Corp.,
system,
for
products at approximate cost----k—-.
Raw materials, work in process, etck
Capital slocks of other companies———
Macy
director
>
y v 5,043,827)
71,906
3,174,200
-
Finished
k—
-
2,200
Lee
and
*U.
,
Corp.—Organization—
following members of the board of directors were also
Bausher; President, Infants Socks, Inc., and Treas¬
Reading Air Chutes, Inc., Reading, Pa.; Harold M. Bixby, Vice-
Fresident
at
Premium
The
J.
471,753
35,137,29^?
.
,
167,626
,
income—
on
dividends
ASSETS—•
Cash Itt banks
$1,236,654
82
preferred,
$12
(1944—$6)
per share ■
l
L
$5.50 div. preferred, $11 L(l944^$5.50)
$'' -y
j
.
—-
dividends
per
Dividends declared:
-
1 / !
„
taxes
Post-war
—
end
at
overseas
«
on. debentures—
-
1944
•
$1,236,654
above
as-
Total
-
At the organization meeting of this
corporation, held on Jan. 14,
Willard L.
Thorp was elected Chairman
of
the
board; Albert F.
Tegen, President; E. W. Moorehouse, Vice-President; H. A. Busch,
Comptroller; E. Robert Willcox, Secretary, and W. R. Porter, Treas¬
elected:
stock
declared:
•
Balance
$6
* <
^
.
.
'/V'
-
General Public Utilities
urer.
preferred
—
'-''Net profit
-
Promoted—•/
General
as
192.
pro-
CPNSOLIDATED BALANCE SHEET, OCT.
i
Dec.
mem¬
Edward Riley, Vice-President, has been appointed to succeed'James
Mooney as group executive in charge of overseas operations. The
resignation of Mr. Mooney was announced earlier this month." Mr/
•
at
(c) 'iSe6urity profit surplus:
D.
continue
"
pre-
retired-
and
H $5.50 div. preferred, $2.75
;'
:
operations division.—V. 163, p.
40,501,269
expenses and
contingencies^;.^-—1,812
for
profit
Earned
more
'
Gibson
T.
General Motors Corp.—Official
will
of
cost
over
\$6 div. preferred, SG
y
extra
Vice-Presidents, have been elected directors, thus increasing the
bership of the board to 19.—V. 162, p. 2642,
;
; (
Hiley
value
purchased
to
income
Balance
Edwin
Garner,
shown
•1945.^
beginning of year__4______'-~
stated
Dividends
;
Is
H
debts——5,770,961
and expense
Preferred
Due
,
of 40 cents
v
$44,245,05^'
$50,726,617 $44,276,293,
sales—
Provision
YEARS ENDED DEC.- 31
V
Total
distribution since 1939.
Robert
$45,434
dividend of 20 cents per
Jan. -25,
of
491,939
.:
——
Provision: for
2,502 /
.
'
The directors
.
$50,685,739
■
40,878
-
vision for bad
interest
.
..
.
Share
V
.
'
i—
Common
$1,115,731
or
investments
of
Capital surplus at end of year„„_—L_
(b) Earned surplus:
Balance at beginning of year——
To Pay Extra Dividend—In¬
—
\k
k 'I;'1945 r "-H' 1944'r-n-v
—1 $51,177,678' $44,716,808.
..
inenme
Goodwill,
;
:
General Foods Corp.
k
,
—
Manager of equipment tubes
192.
v
* - "
-
p.
appreciation
Capital surplus:
-
Musaphonic
of
manager
Receiver
company's
been
Division.—V.
net
realized,
-
sales
appointed
Corp.—Earnings—
Total
113.821
$42,901
-
Co.—Changes in Personnel— §
has
G.
$13,054,065
-ky,
sales-————
on
k'Accts. receiv.
Transferred
receivers
*-.;•/ 'V
,§elling, general, and admin,
-
per
.
—
"
-
i.
k,
.
'• ..v."*;?,
sales
Pther
investment list, was $1,130,140,
income and other taxes of $405,000 which
as
'COMPARATIVE SURPLUS STATEMENT,
.
„
Net
.
i
Cost
19*44.
31,
-
Head, President, said that since the mutualization prostarted in June, 1936, a total ofr50,000 shares has been re¬
tired at a fixed price of $60 a share.
'
The final 9,383 shares of outstanding stock were transferred at a cost
©f $562,980.
Total outlay was $3,494,000,
The funds were earnings
which would have gone to stockholders in -the - form of dividends-.—
-cram
be payable
than
Jan. 15 that mutualization of this company has
1
the market value
on
allowance -for
may
Mutualization in Effect—
on
•
-.k
I
531,32?
L-—$13,351,062
3073.
p.
j'1NOTE—The unrealized net appreciation of investments at Dec: 31,
,
General American Life Insurance Co., St. Louis, Mo.—
It was announced
been completed.
[ .$42,677 '
losses)
or
;
11,100,000
354,935
'
-
1945, based
'
(exclusive of security
9,902,000
-
Pet 31-4.!
:.kk",/"'
Sales,'less'-returns and allowances——!
&&
;.<V .v/t
r\ .'v;-
-■
7,860
;/'
103,984
>■ 95,087
k
——1_
Years Ended
1,000 *
.2,088
.
'
pay¬
debt
General Shoe
5,342
taxes
debenture
'
i,5oo'
;■
•
469,17?
600,000
•
1
47,723
■
income
;
'
$210,480
i
$190,"767
617,807
and
-
k/k 1943
-
"
loan—
interest
-;V '*
•
/■
;
bank
on
Debenture
■
.
'
44,732
^
•
'"
; •.*- ♦
$195,205
Vv.
k'i> 56,615
income
Interest
1944
•.
$202,047
' 546,724 (
\
sundry.' creditors—$425,'786
————
V Total
162,
principal
asset
minimum
522,037
-.
$13,351,062 $13,054,665
contingencies^660,000 k
income, rents received in advance— ; k
5,815 ,
—V.
^
outstanding
Funds for this
1953.
:-L-t-
stock (par 10 cents.)—
^ '•'' 153,207
surplus * ——-C-ik-.-'-'-L.*'
970,847
surplus
-r\
615,599
Earned
Gar Wood Industries, Inc.—New Controllerit.
.
——-
—
taxes
cumul,
Capital
Capital
common
.
;'V
1944
.
$781,476
1,495,100
.
$2,000,000
such
1945
of the loan.
equal to 203%
Total
*
•
Jan.
.
for
Deferred
1945
23,
Deductions
233,660
233,660 ;/
for the
value
share.
per
redeemed
1945
.
,
1
liabilities
Reserve
COMPARATIVE INCOME STATEMENT, YEARS ENDED DISC. 31 i
/
,
$548,512
98,122
-
-
,
■
hand—
LIABILITIES—,
Accrued
agreement provides that the corpoiation maintain a minimum
amount
$443,081 :■;■/ $450,390
stock-_
-
1
on
•-
—
Accounts: payable and
from a 10-year unsecured
bank loan In the amount of $2,000,000 bearing
an - annual
interest
rate of 214%
and maturing in quarterly installments of $50,000 each.
k
58,1107;
$27,043
$38,818
-
common
on
3072.,
$1.04
were
Federal
Dividends declared
1945.
31,
was
purpose
19,145
$501,192-
,
6,668
.
'
•
and
obligations-—
>'
J Total
loan
Corporation
-V.Vv'-. •
Gross
Income
,
Goverhment
.
outstanding in the amount of $2,000,000, thfe balance
of assets'was equal to $281.68
per share of preferred'stock. -After a
further
deduction
of
the
preferred stock at
$100
per
share and
$320,589 of undeclared cumulative dividends on the preferred stock,
the remaining assets were equal to $2.94 per share of common stock
749,631
.
S.
Other ..marketable
'
Electricity Increased-^
$529,367
"
21,837
U.
1946*
23,
''''V''' ■"•'■J
■
demand deposit
on
$1,262,084
1,496,730 ;
securities—-782,932727,737
Accounts and notes receivable
557,964
284,692
Accrued interest and dlvs.: receivable^—••
L-i—i
.'
18,937 :
Real
estate mortgage loans—
2,377,686
2,638,500 ,
Improved properties
5,458,891 ' 5,733,091 i
Unimproved properties
riS - 346,226 k
345,568
Investments 4n real estate CbS, -not consoLLi-H'.vA:
28,750 v •. :• —i
one
Public Service Corp.—Annual Report—
General
was
Operating
Other
Jan.
oh
/The total net assets at market value on Dec. 31, 1945 was $5,545,845, after allowance for Federal income and other taxes of $405,000
on.the unrealized net appreciation of investments.'/ After deducting
1,272,807
1,192,650
682,729
$31,820
*
made
thereto
4
158,840
;
71,133
deliveries
on
prior
_
1,950,074
3,855,066
834,042
324,866
347,116
exps—
Fed.
settled
electric
debentures,
General. taxes—.:—
be
ttiay
or
ASSETS—
Cash
output for the week ended Jan'. 11, 1946, amounted to
kwh.," an .increase of 1,527,512 kwhl, or ; 1.2%,/over the
-corresponding. week of .1945—V. 163, p.. 192.
V " . ,
> v
«'> ■
ga¬
rage expense
oper.
1946,
Production of
$9,349,831
201,320
malnt.
$9,529,053
COMPARATIVE CONSOLIDATED BALANCE SHEET, SEPT. 30
issued"
414 %
bond
The
on
$753,399
Dealers, Inc., has ruled that
contracts in General Public Utilities Corp. 10-year
bonds and $5 par common stock shall be settled on
Monday, January 21, 1946
r
129,536,937
stock
$808,964
revenues—-
of Securities
——
1945—12 Mos—1944
1945—Month—1944
23,
$1,000
of
conversion
upon
"when
Association
day's written
notice.
All eohtracts on and after Jan.
22, 1946, shall be "regular
way" unless otherwise specified.
Transactions in' the debentures shall
be settled
on
the basis of
accrued interest * at 414% r from... Jan.;^!;/
1946, to date of delivery, v, This interest Will amount to $2.5972 per
(& Subs.)—Earnings—
Galveston-Houston Co.
Period End. Nov. 30—
Other
all
debenture
Jan.
The corporation has no present plans for the
ol
the
remaining
common
shares and
they
will remain
for future
corporate
purposes.—V. 163, p. 70.
availab.e
Equip.,
of- the
sale
the
from
shares.
preferred
issuance
raised
be
If it is necessary to construct a new
the
expenditure
for
capital assets
for
common
the
will
that
ferred shares.
National
the
corporation
has
sold
all
the
on
Jan.
authorized
13,
and
jVolume 163
stock
of
as
Jan.
25,
located
at'
Warren,
chased
tne
assets
Warren
was
the
Warren
"
»
I7'
'
V
'
I
'
Tank
City
"
*.
>
(
t
,
(
Boiler
&
'
»
,
Period End, Dec.
Net
sales
The
31—;,r:
Chief
of
years,
Great Lakes Paper Co., Ltd.—Refunding
The
fund/ 5s
bonds
holders'
plus
under
are
sinking
at
which
interest
to
as
1955,
callable
are
9i4,800,0Uu.
details
consideration
due
option,
accrued
some'
in
Estate
been
has
been
Tne
whether
Hon,
102
them
date
of
112
funds,
States
United
or
appointed. Assistant Secretary
at
YEARS
ACCOUNT,
L
less
1945
will
be
Canadian
or
two-pay,
the
Eastern
direction
District
of
•
Total
Lakes
Utilities
deductions
54,281
together with
Jan.
the
interest at 5%%
11, 1946,
well
as
rate
same
'Corporation,
and
due
per
$4,455,991
i
interest accrued
as
i The following payments
i
1J
Prior
the unpaid interest
thfe supple¬
upon
therefore
are
now
after: Jan.
and
to the
available
;
and
V upon
of
cancellation,
V, 163, p. 71,
'/
;; ■
these
bonds
thereof
payment
the
to
will
/
Bank
be
of
the
made
'
' The company announces that
of the sales department,,
-'
returned
from
in
•
formerly associated with the firm and
active
duty
in
the
European
theater
of
1946,
—
re¬
ASSETS—Cash
SHEET,
hand
on
accounts- receivable
SEPT.. <30,
The
in
company,
ended Nov. 30,
its
twelfth
increased
assets
1945.
Jan!
annual
103%-
report issued
382,873,498, in.
to
A further increase of
the
/Due
,
price
$311,000;
bonds,
$3,593,784;
W
.
072,416,
28,000.
while
the
number
of
shareholders
period
the
8,126,770 to
outstanding: was increased from
shares
adjustment
accrued
war
on
the sale
the
value
Cash
in
based
13,-
61%
rose
to
1st mortgage
5%
bonds,
due
stockholders on Nov. 30, 1945,
capital stock of, this company y by
in
or
.
'
—__
which
$5,881,221, of
of securities.
by
of
the
The
capital: represented
distribution
the
73,125
Hood
shares
the
to
of
share
one
of
holders
of
the- holders
Colonial
•
668,243
,l
net loss
on
based, on -closing
there
by
market
cents;
\
-
i
\
Sept.
1,
40
cents;
anpL
/
"
V
t
,
£
t
*
,
\
The
program.
Buick
plant
$13,750,000 to
for
to
transaction
step
of
output
up
.
acquired
purchased
was
industrial/ power
•
s
be
post-war manu¬
Park
Melrose
*
•
,
in
.
-
is
<*i
I 1
'
i
A
-i-
v
/
j. i
4
i.
>
*'
v
j
'
!i*,
y
>X{ '
See General Water, Gas'& Electric Co.
in V.
163, p. 193. ",
International Paper Co.—Bonds to Be Redeemed—
The
of
1955,
outstanding
of
the
issue
now
redemption
March
1,
1946,
$9,350,000
mortgage 6%
bonds, representing the
outstanding, according to an announcement on
15 by John H. Hinman, President.
The bonds are being paid off
the company's own resources- without additional borrowings.
Jan,
of
out
:
will call for
refunding
company
its
bulk
The bonds redeemed
will be applied toward current and future sinking
obligations, thus eliminating the need for any further payments
sinking fund^ for several years to come.
The mortgage is not
/ / being discharged at the present time/' as $200,000 bonds will remain ;
Outstanding.-—V. 163, p, 72.
.
furid
into
the
.
Voted
was
International Power Co., Ltd.—7% Preferred Called—
of
The
Hood
company
com-
be- acquired
stock
to
International Shoe Co.—Annual Report-
common
exchange
Net
for
:
'
.
:
..
V
•
v
customers
with
for
the
fiscal
$156,642,087
year
last
Nov.: 30,
1945 werer
and $142,841,095
year,
The
company's own supply - plants (tanneries, cotton mill, rubber
etc.). produced during the year for its own use shoe materials
to the value of $74,305,140 which .combined with sales
made an aggregate of $223,088,844 business transacted.
Vg- ;
> r
Factories produced 52,650,790 pairs of shoes/ against 53,920,568 last,
year, And 50,133,401 in 1943;
;;
plant,
'
:
to
compared
in; 1943.
and
'
sales
$148,783,704
•
/
Redemption of Bonds—
supplies
.
1945
meeting of
HIGH LIGHTS.
The end of the War with Japan on AugJ 14, resulted in: virtually
held on Jan. 16.
L
complete cancellation of military production with only shoes in process
of a number of affiliated railroads into the % being completed on most contracts. At V-J Day 28% of the company's
increased expenses for new equipment and
production- in' pairs .was .for the Government. ,
■
^ : : . i /
,
stock in the Pullman Co.—which will require :■/..>, While the problem of plant re-equipment and realignment from
stockholders
...
He said consolidation
Central
system,
the
cost
the
there
of.
secur.
the
82,264
of
acquiring
has'been
company
will
be
dividends
no
£>1312,391
Dr344,897
refunding
Counsel
35,271,636
The
18 995
.
000
prices—*
18,162,104
5,722,671
f
of
the
repeatedly
on
the
considered
by
preferred stock until
operation is behind us," Vernon
railroad, told stockholders.
meeting
on-, the
owned
approved
the
creation
of
a
to
recommended
refund
existing
by
management
the
bonded
$84,919,206 $42,116,982
"
would
directors
we
to civilian production was not serious, numerous collateral
involving shifts • in materials and in some cases employee
skills, resulted in a' rather: sharp drop in over-all shoe production
immediately following the end of the war;
At the close <of the 'fiscal, year;- company's civilian production had
increased
22%
from
the
pre-V-J
Day
level.
Steady progress
is
being made> and with -further
anticipated improvements in avail¬
ability of workers and in
the supply of materials, a substantial
increase over present levels is foreseen during the
coming year.
/
Demand for
shoes
continues in excess of the present productive
military
/, problems
but
certain
are
due
General
Foster,
open-end
mortgage
than $180,000,-
more
indebtedness.
as
financial i structure.: The
refinanced falls
be
W.
new
property of the road and issuance of not
bonds
company's
—
"Cost, $60,674,387 irt 1945 and $33,856,441 in 1944,
•
1
r
.
of; Hood
further
a
'
Total
37'/a
28,
"
_
sale of securities.—..
(net)
Feb.
its
special
of
23,497
,
59,965
appreciation
•
Group
1946.
,
20 Cents
International Investment Corp.—New Name—
about $28,000,000—have made it necessary to conserve working capital.
The question of dividends on both preferred and common stocks
$1,342,816
18,077
132,025
64,831,795
_
income.
,
:
.
.
Illinois
,
.
_
Undistributed
".
per
subject to the approval of the Department
Of Justice and the War Department.—V. 162, p.- 2016.
/
has temporarily postponed plans to call for redemption
refunding mortgage 4% and 5% bonds totaling approxi¬
535,000,000,
Wayne A. Johnston
President,
indicated
to a
1
mately
.!
350,357: /
$2,027-631
Acprued taxes and expenses____
Capital stock (1 cent par)_:
Unrealized
r"
^
share
has been
shareholders of
record Jan. 31,
Distributions on these shares during
cents
Co.'s refrigeration line.
"
j
the
second
large, government war ..plant
Harvester Co. for its expanded
is
The1 new
J'
•
Undistributed
follows:
'
in November
/products.
'
;
on
This company
217,499
.
Accounts: payable
'
May
$84,919,206 $42,116,982
—__
LIABILITIES—
surplus
Bond
28,
-
1,
April
Stores-common; in
Illinois Central RR.—Defers
'
Paid-in
&
Feb.
20
of
International
facturing
in
73,125- shaVes
Stores .stock
Colonial-
company,- each 'of
receiving
P- ?•
:
1,970,014
interest receivable
Total
'"f
This
$3,-
4,347,103
*1,067,369
_
Accounts receivable
Dividends and accrued
with
Massachusetts ' Commis- ..its
.the
Corporations..
(b)
thus
Nov. 30, *45 Dec. 31, '44
securities, at their
closing market prices-—
-*$78,836,491 $39,579,112
bank___.
in
Ltd^-^DisMfeution
distribution
cash
'
as
^
Onevfouyth, of Vie : 292,500' shares, -outstanding,1 y.'-j
to
of
the
by
than
more
and
? mort
marketable
on
formerly
162, p. 3074,
.
:
.
COMPARATIVE BALANCE SHEET
Investments
•_,
Smith ./was
Mr.
Co.—V.
International
20 cents.—V. 162, p. 3074.
/ by the
or
contracts,
total $7,133,213.
.
on
v
Representative.
Stock
were
Harvester
notes
refund—Federal
.
!
:vv';y/.'
'
company has called for redemption on March 1, next, all of
outstanding. 7%, cumulative,preferred^,stock (par, $100), at $105
per' share and dividends." Payment will be made at the Montreal
they outstanding
Trust Co., Montreal, Canada."
common shares is Correspondingly reduced, by one-fourth, /or $816,617,
]
The reduction is to be effected simultaneously with, the
It was
also announced
that /holders of not exceeding $4,000,000
acquisition
by the company of 73,125 shares of common/stock of Colonial Stores,
par - value of - the 7 %;. preferred' stock had the option or converting
"
their holdings into hey $50 par value
Inc., of New England: fa) by the surrender and cancellation and
6 % preferred stock at any
retirement by every holder of the outstanding Hood- company com¬ ////time before 3 p. m. on Feb.:,15, 1946, ,at the rate of two shares of:
mon stock of one
share of such stock out of each four shares held,
6% stock for each share of 7%» stock held.—V. 163, p.'72.
;
/
•
ASSETS—
'
International Harvester Co.—Buys Indiana Plant—
each share of Hood company stock surrendered.
/
Unrealized appreciation of securities held, representing the difference
Early last month H. P. Hood & Sons," Inc., announced, the/disposal
between cost and closing market prices, amounted to $18,162,104/
/of all of,the company stores and restaurants to the Colonial Stores,
compared with $5,722,671 on Dec. 31, 1944.
During the year totalInc., of New England.. ("Boston. News, Bureau", of Jan. 12)—V. 161,
distributions to stockholders amounted to
r
#
,,
<
^79,678 represented net profit
48,306
$526,783
'
fiscal year, which "
the report contains*
formerly ended on Dec. 31, the period covered by
only the 11 months ended Nov. 30, 1945.
During
numbertbf
79,472
$561,402
■.
the- company's
in
divs
'
$2,245,026;
post-war
meeting .of
redaction
a
Outstanding. cpmnion;
/ sioner
.
change
a
according
10, .reports
fiscal: year
nearly $5,000,000 occurred
companies.
the. recent
to
100,606
$562,090
>
for
,
At
;/during: the month of December, raising net assets to over $87,500,006
'..' At the year-end. .The
company how ranks third ih sizd/among mutual/
investment
504,875
former Republic Aviation Corp,
plant near• Evansville,. Ind.,
been purchased from the Reconstruction Finance Corporation for
$5,648,000.' It will be converted to the manufacture of International
P.) Hood & Sons, Inc,^Reduces CapitalizationDistributes Colonial Stores Stock—
*
Reports 103% Rise in Net
Company Now Ranks Third in
—
i'.'
net
to
.Nov. 30,
:
1945
demand* deposits,
and
(r.et),
CrSl,209,836;
5%
gage
opera¬
Size-—
that
•
$1,079,96^
York
payable
1945
..
■
Assets to $82,873,498
'
■
The
tions; where he served with the A. A. F, in England, France, Holland
; $464,000; reserve for contingencies, $300,000;' class A'"stock-:-$4 cum-,
and Germany, is Sales Manager.
//illative ($10 par), $959,973; common stock ($1 par), $160,000"; capital
Albert D. Meltz, Manager of the chain stoi*e
suitrlus,"- $1,153,056;
earned surplus,
$1,476,924; total,
leasing department of
$7,133,213.—
the Greenfield organization, was elected Vice-President in
V. 163, p. 193.
:
"
charge of
chain and Central leasing, while Robert Lewin of the
legal department/;
has been elected Assistant Secretary and Treasurer.—V.
162, p. 458.
(H.
Group Securities, Inc.
New
declared
payable, $1,001,900; interest on bonds due
Oct*., ;i, *1945,. $19,375;
accrued liabilities/ $405,711; Federal income•
anij excess profits taxes—estimated liability (after U. S. Treasury
tax notes'of $3,019,080), $381,660; due U. S.
Government—renegotiatioh of war contracts for year ended Sept. 30, 1945—estimated
liability,
$499,615;: fixed and contingent sinking fund payments on first mort¬
•
of sales.
•
Major Seymour Simon,
>
504,875
avaih
A'quarterly
-
LIABILITIES—Accounts
•
Man¬
Vice-President
a
31,770
1944.
expenses and deferred charges, $238,807;
•/
been elected'
145,636
5,295
•
charge
cently
in
,>.i
___506,208
Institutional Seiciirities>
$664,354 '
20,607
.
4,428
1,160,599
$1,145,749
• '
.
above.—
j. Frank Brooks, who has been
has
;
■
$502,879
16,203
1,130,668
1,032,625
/
.
deductions
the
as
/ Ur$701,976; other assets,: $16; 188; land,- buildingSr machinery/arid equips-/
ment
(net), $1,729,427; patents, drawings and patterns, $1; prepaid
>
ager
-
contracts,
Co.
(Albert M.) Greenfield & Co.—Officials Promoted—
,
V
//excess / profits '/tax-9-prior 'periods;L.$171/386;: inventories-—at^"vcost
market,
whichever
isl lower,' $732,373;
expended - on
Contracts
./process, $31$.033; advances and partial payments from customers
6.75756
stated
as
■!■!-,!
'
Vf'i'
'.''j
1943
$3,243,258
1,139,125
-
$1,168,904
Westinghouse' Electric
t685,000
profits'taxes
excess
$67,000
and
.
Manhattan
- ki ■,
I.
■
$586,991
.
.dividends—v——
BALANCE
>(■/
71.81702
$403,57458;
Upon surrender
for
' 11 r
■'
dividends
-
;
$ yi
taxes
1944
$3,445,473
,
1,166,604
1,083,061
This corporation, in order to maintain liaison with and to expedite
purchases in New York for its initial $10,000,000 plant in Mexico, has
an office at 15 Broad St., N, Y.: City, with Paul C. K. Smith
3,700,000
,
$3,418,569
has
Interest
accrued-at 5J/2%
per annum from May 1, 1942,
the principal amount of each $1,000 bond from time
to time remaining unpaid to Jan.
11, 1946-,.
Interest at bl/z% per annum on the matured unpaid in-,
terest unpaid upon each $1,000 bond to Jan. 11, 1946
•
2944,
p.
,'y opened
.
.
$325.00000
—
>' |.;r •
41
125,
Industria Electriea de Mexico, S. A.—N. Y. Office—
/ losses resulting from war conditions.
tRenegotiation of war contracts,
8410,000 In 1945 and $310,000 in 1944; contingencies; $250,000 in 1945
registered
holders of these bonds:
*
.2,375,000
$377,000
local
/ —V. 162, p, 3074.
'
amounting to $2,976,500 in 1945 and
$2,442,000 in, 1944, and $3,830,000 in 1943; $244,200 credit for post- •
war/refund in ;1944,$323,000 allowance in 1943 for debt/retirement; /
alsd post-war credit of $60,000 in 1943.
tAppropriated for possible
-
Unpaid principal per $1,000 bond
n
3,209,000
,
Ind.-—V.
/"
1945
.
deprec._
or
________■
charges
Balance
;
$3,254,879* $5;049,354 s
'
.
960,000
preferred
"Includes
1946, /
11,
—
C1-' •'* * > \U
Net
profit :
Preferred
computed in the manner set forth in
mental vindenture dated May 1, 1944.
On
interest will cease to accrue on said bonds.
_—
-
/Appropriations
1945,
outstanding,
accrued from May 1, 1942 /
annum
taxes
r.
;;
1,
May
j
$5,044,107
'
5,246
*
retire,
and
income
Other
-
•
l-:'—_
&
-'-f
Net
Interest
126,892
$3,254,879
—
for, Fed., inc. & exc.-profits
Indianapolis,
trustee,
'''w
43,336
/«,' 409,467
revenues
'/All Federal
$5,170,999
277,746
profit
"Prpv.
Corp.,
Utilities
Gross
$5,127,663
$4,455,991
.——
Bank,
12 Months Ended Nov. 30—
'
.
y/Oper,, maint.
*
of
dated May 1, 1927 as supplemented and
modified, an 'amount, sunioient to provide for the payment of the
unpaid principal amount of first lien collateral trust 5J/2 %
bonds of
Lakes-
1943
*
$3,664,346
;
$4,733,736:
—
National
Indianapolis Water Co.—Earnings—
S3,610,065
79,385
,
„—
sinking fund gold bonds,
6(4%
r;
30
1944
:
.
$4,654,351
profit
Net
District
S.
All of the outstanding
first'mortgage
•V
Extraordinary income-
Paid—
the U.
income
Income
C'V:VNet
:
Of
order
an
from,
Indianapolis Motor Speedway Corp.—Calls Bonds—
-
nor
.
.
sold
were
/.due Aug. 1, 1946, as extended, have been called for redemption on
//Feb. T, next, at 101 and Interest. Payment will be made at the
returns,'allow.,
"
at
/
V
attached to
162, p. 2516. /;./
L—$21,370,589 $16,509,360 $18,064,329
Cost Of sales_^^i._^.—__L,—_^_i_L
15,599,824
11,975,912
12,077,433
Selling, general, and, admin; expense
1,116,414
923,384
'
859,231
'
Pennsylvania dated Dec. 28, 1945,
the company on Jan. 11 deposited with Bank of the Manhattan Co.,
40 Wall Sr.; New York, N. Y., as trustee under the trust indenture of
to
Assis-
and
ENDED SEPT.
;
(par
$20) 6%
cumulative convertible preferred stock,
to
public through underwriters and $65,400 were
registration, leaving $935,600 outstanding in hands of
the.public,—See also. V. 163, p. 72.;;.
.(/
discounts
There are outstanding.,.Net
operating profit
has,-not., arrived at concrete
'Other income ———:
Great Lakes Utilities Co.—Bonds Being
Great
to
promoted
Shares
removed
.
■■':.:/
■
and
-
funds,;.;
Canadian
in
INCOME
,
Sales' (billings)
first mortgage/
President, advises.
Rowe,
worth
plan
issue
new
Ih accordance with -the
Great
$340,000
as Manager of the Nassau and
the Mineola office.
Albert
C.
Boye,
Management
and
Sales
Department for
redemption.;
refunding
the
Earl
W.
.
:
Planned—■////
V
'
(-A rumor is circulating tnat the
company may also' pay-off the $11
tn arrears of preferred
dividend,, but it is not in a position to do so,5
Mr.; Rowe tays.. Tne voting trust expires June 1, 194Q.—V. 160, P; 10; /
for
26,833
and
-
American
the
refunding
Canadian
in
makes
to
for
the rate of interest to be paid,
Court
and
91%
(R.) Hoe & Co., Inc.—Annual Report—^
'
,
Plans
Real
the
has
311
will continue
and
service department in the New York office.—V.
the title
-
«•
Assistant Secretary,
business
County
than
more
for
3192.
,
Dash,
L.
Vice-President,
mapy
•.
December, 1945, do not include sales of Robinson's //
Appaiel, Inc., which was acquired on Dec. 21, 1945.—V. 162,//;
Women's
p.
Edward
Suffolk
-
86,242,863 " $7,414,139
$2,657,647 'k $3,416,165
^
iigures
insurance
Title
by
tant
„
1945—3 Mos.—1944 !
1945—Month—1944
examinations/
title
total $1,058,402.
v,
'
,
(The) Grayson Shops, lnc, (of Cal.)—Dec. Sales Off—•
completed
upon
reserves increased during the year
stand at $195,986.
Capital and surplus
surplus
now
1
.
,
I
,
insurance
of
Co., : also
and pur-,
CO.—-V..-163,//•
City Manufacturing
organized in February, 1944,
1946.
Ohio,
of
pp.l93ahd 71,. tv/v;.-'-?
•
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4457
The action was
step in revising the
greater part of the
1.950 and 1955.'
debt
-
ability of the industry.' Demand for the company's product is height¬
ened even more by tho favorable reaction of customers to the fair
policy followed in the distribution of
shoes during the war-time
shortage, and perhaps more important, to its maintenance of quality
which
between
During 1945 the railroad retired about $25,300,000 bonds and equip¬
trust' certificates/ Mr. Johnston- said; Outstanding debt,; excluding
>
ment,
Registers With SEC—
/
■
Company on Jan. 14. filed a registration statement with the SEC for
11,500,000 shares of capital stock of the par value of one cent a
guarantees of stocks of subsidiaries and affiliated companies,
A*
to;$256,934,000,'including
equipment-trust
certificates
at
amounted
the
end
standards
of
on
a
relatively high basis under difficult conditions.
of .large-scale military production and the
>.
termination
The
1945. This compared with $383,278,672 in 1927.
•
<
•
Saving in interest from the 1945, reduction will approximate $804,1)00
nu¬
therefrom affected earnings adversely. The
share. ://,;■,/ /-/-ft/
y//ftvv;/; //,//;
principal cause, however," of the reduced earnings of the company
Distributors Group,:.Inc.; is sole underwriter.—V.
annually, he. continued.1? Interest. saving from the overall reduction
162, p. 2642.in,the year -1945 was- the rigid price ceilings on civilian shoes main¬
since, 1927 is $5,664,224 annually.
tained by the OPA throughout the year.
Guardian Life Insurance Co. of America — Reduces ;
Operating, revenues for > last year are estimated at $238^000,000 a ^ v7 Based on urgent appeals of the industry an order was issued by
/ decrease of 8% frcm 1944." On this basis, net income, should be about
v
the OPA increasing the prices of shoes 4!/2%, effective Jan. 5, 1946.
Premium—,
f
V. Effective
immediately, this company is reducing the amount of / $ll,000,00tf fot/vl945/"compared with $17,385,616,1 a* year .earlier/ Mr,■■ / The increase compensates for-only part of the Increased cost incident
f;/^johnston .sai.d,,—V. .163, ,p. 72, .
*
1
to* reconversion
and the 'resumption of pre-war features in civilian
extra premium charged for certain classes of aviation risks.
%/ *
shoes.
Furthermore it does-not take into account the
substantial
For scheduled airline pilots and crew members
/
/
-•
,
,
\
changes resulting
merous
.
,
.
,
■
flying
; States
and
or Canada
Canada and
only
or
having
one:, terminal
in
the
in
the United
United
States:
/
is
$3
per
,
.
•V
For
Illinois Valley Teleplione Co.—Calls 4% Bonds—
non-scheduled, commercial
pilots
holding transport
or
commer-;
Cial' certificates
and flying company-owned- planes
on
a
basis com¬
parable with scheduled airline operations, the same rate of $3 will
/ be charged.- v-• /V-ft,.-'//ft *.:: \ //ft;//ft
ft*//
'/The new rates are a reduction of 60% over those recently charged.—
V." 163, p.- 71.
yi
'
"
:
•
■
All
of, the* $600,000
outstanding, first mortgage 4% bonds, series .A,
due Dec. 1/ 1964, have been called for redemption on Feb. 11, next,
at104 andinterest. "■ Immediate'- payment "Will *be made- of - the - full
redemption::7 price, with Hnterest to date set 1 for redemption, at the
Harris Trust" <fe Savings/Bank; trustee; Chicago/111.-/
:
/ /
X Indiana
^Associated Telephone Corp.-r-Earnings—
Period End. Nov. 30—
Harvard
Co.
Brewing Co.—Secondary
that
announce
the
secondary
OfferingL-Allen
offering
shares of
common
stock made after the close of the
ket Jan.
15,
oversubscribed
The stock
was
was
offered
at
commission'to dealer.—V.
and
the
&
of "128,000
books
$6% per share, less
161, p. 2660.
mar¬
closed.
65 cents
Uricollectiblebper.rev;/1.
Home Title
Guaranty Co.—Earnings, etc.—
Rent
for
prop.
lease
1945
—V.
of
'
$200,458
!
212
■
$211,872
143,166
200
$200,258
;■:><
119,507
taxes_______,
income_L_-_
162,
p.
__
3074.
___
;
;■■■■*".
2,271
2,200
.
$2,290,495
$2,181,260
1,412,755
1,225,157
'2,327
J"
550
52,143
441,279
/ :•; 538,132
$28,558
$435,911
15,145
y/
$66,329
/
267,404
/ $417,421
258,874
/;
;
: 43,240
•.//' /•;/?
%
■'/ ;'%. / '/.'■/'
of the year,
.,
,
r
L
■
/
•
PRODUCTION AND SHIPMENTS
,
of August both, production and shipments wero
the loss of Government business
replacement by civilian in the last three montha
of the
fiscal year resulted in decreases of 2%
in production ana
5# in shipments for the year.
VI,
,
With
military
procurement
at ? approximately the highest level
reached during the war, its abrupt termination immediately following
the end of the war with Japan was necessarily followed by-a loss
of
considerable
production while the plants affected were being
changed over to production of civilian shoes.
,
..
The more complex nature of most civilian shoes does not permit
the replacement of
military production with civiliani production in
the same amount when measured in terms of pairs oi
dollars.
With the demand for shoes continuing in excess of supply,
it is
While
running
/
$2,183,460
550
50
50
income__l_
$2,292,766
/
■
oper.
_
Operating
Net
Gross
earnings increased in 1945 by $274,271, or 31.37% over 1944,
profits increased by 22.41% during the same period, it was
reported on Jan. 15 by Henry J. Davenport, ■ President, at the annual
meeting of the company.
Mr. Davenport also announced increase in
•-
and
.
Operating revenues-!
Operating expenses-i_L_ J
Net- oper.
*
$212,084
-
:
1945—11 Mos.—1944
1945—Month —1944
Operating revenues-^-/?
increases put. into effect during the closing months
further price increases.
wage
IH* Present cost will require
'
flying
United States or Canadian lines,: the extra
$1,000' per year.
All others in this classification" %
will be given individual consideration.
/V» ?,
premium
with
at
the
ahead
only
end
of the year previous,
partial
.
anticipated
thpt Company
shipments will be
for some time limited
°nproduction Uon°the
other hand is presently limited primarily by
m&npower
and secondarily by plant facilities; prospects for improve¬
ment of which are referred to under separate headings in this letter,
'
net
over
1944
of
16.22%
in
the number-and
21.89%
in
the
amount
•
PLANT
Indiana Steel Products Co.—Debentures. Outstanding—
/•: :Of
filed
the
maximum :of
with
the'
SEC
$1,000,000 5%
Oct;
29,
12-year
$594,600
were
sinking fund debentures
issued
in
exchange
for
-Plans
and
FACILITIES
have been made to open ten new
Kentucky,
With one exception,
'/'■/
plants in Missouri, Arkansas
all of these will be shoe factories
THE COMMERCIAL &
312
war
,
dition
.
Because of uifficulties in obtaining building materials, as well a
machinery and equipment, these plants will be brought into productio
over
a
period of time extending into the.latter part of 1946.
,
:
1946.
-or
they
could
be
the plants
operated
to full capacity if required. To
being operated, the character of the
now
are
and
Immediately
petitive,
Allied
oC
,
Monday, January 21, 194.6
virtually
no
information could be acquired concerning the con¬
status of these properties. With the occupation of Italy by
Forces, we have been able, through our State Department and
through other sources, to secure information which provides us with a
great deal of satisfaction and
encouragement. We are told that the
plants and properties are damaged but slightly, if at all, and that
moderate in size.
They will be new buildings, of modern design, and
will be
equipped with the most improved types of machinery ana
equipment.
Tne engineering of building and plant lay-out or eacn.
factory is designed to achieve maximum efficiency in the production,
of one type
and grade of shoes.
,
FINANCIAL CHRONICLE
The
:
oral
bids
property
knecht,
who
after
lot
be, sold
found
was
tabulation
each
on
to
will
was
at
of
the
com¬
open,
received.
be
by Karl R. Lieberto be a resident of
owned
of
time
bids,
written
the
also
formerly
vesting
.
,
Oberlungwitz, Germany, Mr. Markham said.
what extent
management,
(Julius) Kayser & Co.—Stock Distribution Authorized
/1,
The stockholders
;:/./
the operating prospects for the
future, are matters, among others,
upon
which
we
are
seeking further information. Communications,
$5
•
value
par
Jan.
on
15
approved
increase
an
the authorized
in
;
stock from 500,000 shares to 1,000,000 shares.
meeting held tl).e same day, authorized the issu/
The company's ■ provision for income
best, and obviously it will be some time
and excess profits taxes was
ance
on
Jan, 31,
before a full and complete
1946, to stockholders of record Jail. 25, without /
investigation and report can be made. We?,
determined under the Tax Adjustment Act of 1945,
;
are
confident, however, that before long a fuller report than is herein* ^payment, of one additional share for each of the 370,000 shares now ,//
There was no change in the company's excess profits credit,
inis
outstanding.
'' ••/•,
/'V'.
contained will be made you, either
credit was equal to $2.59 per share, which after deducting the normal
by this Committee or through the
.-v..
A registration statement
relating to 153,400 shares of the 740,000 ;/;/
.'and surtax of 40%, left $1.55 per share belore the excess profits tax
office of the Trustee appointed by the .Court/
v
shares
to
be
h.
outstanding has been filed with the Securities and
began to apply ':
^ ' V; ~'•'Z
. . .
.
.
.. .vo
We might add that in addition to the properties in Italy which are
v, Exchange
Commission and Is expected to become effective toward tne
The
Revenue
Act
of
1945
terminates the excess profits tax
on
security for the mortgages underlying the obligations of the corpoDec. 31, 1945.
This means that only one-twelfth of the company's
ration, there are also seme American held securities possessed by the / end of this month. It is anticipated that when it is effective these /
153,400 shares will be purchased from certain stockholders of the
Trustee, and these are of considerable value.
earnings in the next fiscal year will be subject to this tax.
company and distributed to the public by a banking group headed by
7
The
filed
with
the Bureau of Internal Revenue
a-j yf When we have fuller facts, and so can be better informed regarding ■
company has
Carl M. Loeb, Rhoades & Co. and
the values of the
Smith, Barney & Co.
None of the
claim under Section 722 of the Internal Revenue Code.
Company's assets, a reorganization plan can then be
This section
INCOME
TAXES
PROFITS
EXCESS
AND
t
■/'//
however,
are
slow
very
The
at
.
common
directors,
at
a
.
w
,
,
of
the
Code
found
to
be
is
designed
.
.
After
to
excessive and
"
1
worked
taxes
are
taxes
tax
out,
the
of
*■
.
/'>
'
,
//;
^
sales,
refund
no
in
sales
likely;
the
the
increased from $3,000,000
4of $2,000,000 by the parent
This
subsidiary
necessary.
1944 Government
The results obtained on Government
of
that
contingencies
any
for
'
the
company's
in
ftJQhfe"et
at Dec,
'
,
„
1945
Waf
Jpc
cq
nf., cVinAfl
ft
nrl
/V* -v-' A-*
other manufac. mdse.
securities
30
value
sold
of phys.
charges
Net
Net
for
to
liProv.
income taxes
for
res.
for
12,968,137
251,698
19,064,118
219,063
13,219,835
19,283,181
11,953,086
,' 222,447
of
cost
Cost
'Common
Other
79,747
share
$16,920
in
6,013,080
6,013,080
1945
on
that date,
1244
,
1.80
,
%
•'
1.80
•
-
,
**43,955
A/
1.80
'
/
4,984,836
•
1,870,316
60,474
1.80
$814,141
28,731
20,572
68,155
68,841
/ 785,300
A 506,000
432,000
50,000
50,000
50,000
4,242
1,258
gold
Jan. 25,
on
115
bonds,
series
A,
West
Monroe
St.,
1946, receive bids for
sufficient amount of first mortgage
July 1, 1949, to exhaust the sum of
1946, of
due
a
on
Knoxville Gas
Co.—To, Dissolve—
"
joint declaration has been filed with- the SEC b>® Cittes Service
A
Power &
Light Co. and Knoxville Gas Co.,
its subsidiary, which pro¬
(he following transactions:
Power & Light and Knoxville propose-the liquidation of Knox- /
ville, which has disposed of its utility assets to the City of Knoxville, //
I Tenn;; and the distribution of all of its assets, consisting of cash in :AXi
:l the amount of $570,867, to Power & Light 111 partial satisfaction of-the///
6% income demand notes of $1,168,000 held by Power & Light and ; : >
$ against the surrender by Power & Light for retirement of all the securi- '//
> ties of Knoxville held
by Power & Light which, in addition to the notea,
-j consist of all
the outstanding common stock and 355, shares of/ the
•/
368 outstanding shares of 6'/o cumulative preferred stock (par $100);
i
'
„
-
,
$168,156
$216,551
stock
'
37,500
$173,270 t /U. S.
7
District
37,500
37,500
/ Of
80,000 A/
80,000
/which
determination
the
Court
Tennessee
for
of
litigation' how
Division of
Northern
the
pending
Eastern
the
In
the
on
stock
common
,
/
80,000
..,
the
in
District
/
$2.08
$2.01
;
"
$150,000 on deposit to await the issues raised in said action.
The
on
purchases).
^Includes excess
lasesr/
smciuaes excess profits taxes of $5,951,013
or $3,»5i,oi3
rr-rrvr
-■
/sum of $150,000 is estimated to lie sufficient to pay the maximum
1942, $9,496,000'.in 1943, $4,997,471 in 1944 and $2,268,509 in 1945
in
ated
cosfc
4Qn,hor^
na^nta
/ amount of the claim. : if
is
any, of the publicly held 513 shares of preafter
deducting post-war refund of Federal excess nrnfits /
ucting
1/—
/
e.rre^ .c^arges, $120,896, patents
profits
marks
total*
S '
Zferred stock, of which the total par value and dividend
taxes of $104,848 in
arrears thereon
1942, $949,600 in 1943, and $608,453 in 1944,
Tta4tt*
*
at July 31,
also in 1944 after $601,780 and in
)945 amounted to $101,574—V. 137, p. 1579.
1945 $543,677 estimated refunds
LIABILITIES—Trade accounts payable, $125,595; salesmen's balances,/
resulting from excess cost of replacing inventories maintained
on
$31,990; wages, payroll taxes, etc., $73,267; Federal and State income
>i'^itocksnind Wid'10^'—
,
.
basis.
([Maintained
.
STOCK
ACCOUNT,
Com.
stock
&
cap.
plus begin, of
Com.
stock
1945
sur-
Nov.
3u
$750,000;
SURPLUS
30,488,357
1943
1942
dividends
Divs.
common
on
in
.
30,532,312
29,813,635
28,832,842
,
V.
__Zi
par),
stock,
cumulative
capital
$200,000;
5,969,125
'
Crl6,920
*Com.istock cap.dcsur?- "<
plus as at Nov.
'
v
.
Crl6,920
/
,
'
sales
162,
/
-1944
1945
■•-/"■." '^1
;
$5 827 5(
3074.
p.
of
its
$4,771,643
5%
Crl5,840
HISTORY AND BU3INESS—Company, whose
at 1000 26th St., Bay City, Mich.,
Is'located
,
..
as
business
the
company
163,
z/Z//-/'/
194.
p.
•Divided
Common
Earned
v"«ro
,
CONSOLIDATED
ASSETS
Lost-war
refund
'
bronertv
property
Livestment in
HT.
,30,538,203
of
•
BALANCE SHEET
NOV
'
v
>
'
Federal
-
taxes
'
securities, incl. tax
/
counts
/
vances
own
receivable
un
to
s
and
and
Federal
o
13|604'783
in
assoc.
taxes.
202,745
'289,405
///y
LIABILITIES—
.-
.
•'
A
counts
payable
O
ficers', stockholders' and employees' balances
/,.
emploj'ees'- vacations.^.
I'/iployees' partial payments for
139,138
e
bonds
"
subsidiary company
Employees' income tax
X
I eserve
"•For
for
Earned
/ 428,089
contingencies
excess
cost
of
anc'aoA
806,984
90,806
806,622
surplus
.1
310,000
/
30,043,997
Total
and
162,
°Peiating
"Administration).
402,496
Total
370,000/
Net
30,488,357
-V.
furnaces
by.; the
.
the
'
3,271,780
,/; 734,708
$5,001,750
it
and
to
$4,776,836
2,823,506
2,690,656
$2,178,244
$2,086,180
940,846
982,408
$1,237,398
used
a
wide
on
of
ffResulting from replacement
of
inventories
"last-in, first-out" basis..-f {Withheld from payroll.
equal to
amounted
was
furnaces
throughout-the
preferred
termination
ing
settlement of
the
as
whole.
a
balance, amounting to approximately
v/r<• v; *////:///;''//"'ZT'
OUTLOOK—-The
outlook
next five years indicates
the
As
of
Nov.
for
transformer
PURPOSE—Company
working
general
20,
ar,e electric
utilities
situated
in
Northern
securities
of
will
add
its
net
share
the
Inc.
In
and
shares
(0.2%)
of
the
addition,
40%
of
AND
EARNINGS
FOR
common
stock
is
hosiery
engaged
erty
t
in
the
knitting
located at Lattreldale
custodian
explained
Broadway,
and
that
the
offer
of
its
distribution
principal
of
full-
office
and
Pa.'
the
Kalio
stock
had
be
received
its
,
.Profit- .//
Before Federal
Net Sales
Income Tax
ttQOd
4,511,701
1943
-
Net
Profit
149
$103,212
28L950
102,240
def.35,675
2,469,909 [
.
1942
732,424
2,961,359
—~,
236,713
136,213
2,231,273
1941
142,798
3,127,275
•
153,231
117,231
1,930,310
-
1938
85,298
99,537
:
84,208
1,656,238
1936
•Nine
arising
months
from
ended
Sept.
the carry-back
77,535
267,492
193.831
1,312,462
-
94,201
1,994,152
—
1937
ternal. Revenue
218,807
157,744
tReflects
30
special
carry-forward
and
credits
of
$68,100
provisions
of
the
In¬
Code.
an
$250,000,.while the-0.2% of the shares*of Lieberknecht
had an upset price of $500.
Sealed bids on the prop¬
by the Office of Alien Property Custodian, 120
New York 5, N- Y., until 12 o'clock noon (EST),< Feb.. 14,
stock
will
manufacture
machines, with
Reading),
(near
to
proceeds
YEARS
CALENDAR
/""■ /••/■/
1944
1939
The
company
Italy. Naturally, during
common
the
of
$3,227,252
1940
five
fashioned
bonds due
the
Lieberknecnt,
the
the
sell
upset price of
the
of
cus¬
common
underlying
Karl
50.76%
rl
dur¬
capital.
J/"/
of
plant
Dec. 1, 1955, said in part:
properties
of
owns
business
capacity operations for the industry
1945,
unfilled orders for peacetime
products of the company amounted to approximately $2,000,000.
;
Reconversion
of
manufacturing
facilities presented
no
problem
for this company inasmuch as its regular, products were manufactured
in volume during the entire war, with
little change in arrangement
in its main plant.
: ^
;. "■//'
■
//■'
the
will
explained,
Properties—William V. MacDonald, Secretary
"C" Bondholders'
Comihittee, in a letter
principal
stock
which
Lieberknecht
Series
of the series "C" secured
6%
the
Markham, Alien Property Custodian, on Jan. 15 announced
offering at public sale 99.92% of the outstanding stock
world.//.'//
1943, but due to the expansion of war business, total sales
to< approximately $4,500,000.' All of the war contracts have
and some settled in full,. Company is now negotiating
*1945
was
of industrial
cancelled
SALES
corporation
todian
1171.
to the holders
he
this
,
range
the year 1942 the company continued to produce
peacetime products,
In 1943 the sales volume of such
products " Was sharply; curtailed, due to restrictions imposed by war
production/
Subsequently
the
company
secured
contracts
for/the
manufacture of certain war products which enabled it to attain a
total sales volume aggregating $2,469,000 for the year.
/
In ,1944
the
regular" products manufactured were approximately
firm in a separate
offering. "
7
Mr.
Markham
said
that
Kalio, Inc., is a New York cbrporation
holding textile machinery patents and license
agreements, with offices
at
120
Broadway,
New
York,
N.
Y.
Karl
Lieberknecht,
Inc., he
thereto),
p.
jqmes E.
that
'
'■
by
particularly, foundries. The Detroit
founded 20 years prior to its acquisition
more
'(>•
of
■//
>,
Detroit
the
regular
$1,103,772
Kalio, Inc. (N. Y.)—Stock Offered at Public Sale—
of
having, been established in 1918. * The efficiency
manufactured resulted in the installation and use
these
of
/
'/V"/'
acquisition
Until .the close of
its
1770,
p.
sold
Co.
company,
furnace
of .hundreds
POST-WAR
$8,783,324
/
are
Electric; Furnace
,r-:* /V"/1/
with the
in November, 1938.
company
$200,000.//-":'.//'//
1945
income
162,
Furnace Co.
These
-for
3,270,778
operating incomeIncome deductions' (net).
the
manufacturing concerns but,
been
$9,007,236
-—----
expenses
/'/-/'■'■ / ■/
by
distribution of electric metal melting furnaces
and
manufacture
started'
Electric
/
1944
-
Total
International Power Securities
Corp.—Report on Con¬
The
'30-^•'■:'//•/■//••■:
station
$88,819,131 $90,943,183
maintained
the
transformers, which currently account for approx¬
the company's total sales volume, are generally sold
public utility companies, industrial plants, railroads
various governmental agencies; (particularly Rural/Electrification
central
to
...
applicable
of
Nov.
Balance
.
dition
Ended
* Taxes
•Represented by 3,350,000 shares of no par value.
tPhysical proper¬
ties at tanneries, shoe
factories, supply departments and sales branches
after, depreciation
of $28,531,815
in
1945
and
$27,634,195 in 1944/
)Consists of 9,400 shares common stock.
;■
..."
i
••Maintained on the
"last-in, first-out" basis (less income taxes V
—V.
the
Indiana.
in
Mich., -in 1915, at which time
The Michigan charter
incorporaled in Michigan.
in- 1945 for a 30-year term.
was
imately. 90%; of
of
he became Vive-President and General Manager of ConBuilders/ Inc., and managed the completion of Grand Coulee
2?fa«ng revenues
1,000,000
:
Frazer
■
,
734,708
a/,' 71,977
1,000,000
replacing inventories
and
•
being
cars
and
rapidly
"•s- fiaT>'-v-Iia'p-194Kansas Gas & Electric Co.—Earnings— //
1,151,867
*293009
293,069
199 933
199,933
,
'//
■
t
157,673
1,114,679
war
__.y_„/:/-l-//
reserve
to
.
is
wbich constructed vessels for ^he;UiS. Maritime'Commission; and
$50,250,000 $50,250,000 /
/ 4435 505
5 051 199
i
/ .crued
Kaiser
new
/
which
;//;"'////;/;,-/V.
-
stock'
of
plant;
.
.
$88,819,131- $90,943183 ' "
.'..'/.//fix Months
-Common
L surance
oo«,7?°
SliS 28'33?5:3«
charges,
Total [
production
He will make his headquarters
bomber
//;•//
During the war,
Edgar Kaiser was Vice-President
and
General /
Manager of two west coast shipyards operated;by Kaiser Co., Inc.,
and one shipyard operated
by the Oregon Shipbuilding Corp., all of
464,405
00
former
/
As Vice-President and General Manager of the Columbia Construction Co.,
Mr., Kaiser supervised the construction of the Bonneville
Main-Spillway Dam on the Columbia River in Oregon. Upon its
solidated
_
,
converted for the
farm equipment.
Dam.
18 945 636
companies.-: /
Mich.,
zj;
has been appointed:
City,
Bay
principal business office
was originally founded
incorporated
was
distribution
and
was
completion,
243,134
14,846,128
—1
I '-entories
Doferred
>
13,055,036
11,630,048
243 134
advances
invest,
1
^'S00 i;
223,313
(netpZU//
notes
1
>
$14,974.017 $15,390,^39
l
stocks
common
-;
'
13 184 307
Govt,
e
30
'
of Henry: J.: Kaiser,
son
and General Manager.
Run,
,
//
stocjes of other cos.-(net)
—
S.
ivJompany's
.
5n^2'SnS 29,813,635 / at Willow
9q'hi?'2?S
Vice-President
30 4P8 357
.30,488,357
'
•;Physical
pnysical
OiSh
oooosA'AoA'Kaiser, eldest
octo
30043 997
JO,043,997
•
1897
renewed
*
The company was engaged exclusively in the manufacture of electric
and distribution .transformers until 1938.
The electric power
The
follows:
as
sfocir
surplus
p
to
in
power
30-r^ $80,293,997 $80,738,357 $80,788,203 $20,063,635
Kaiscr-Frazer Corp.—General Manager Named—
189^ and
moved
was
was
cumulative
Jan.
preferred converted during the year.—V.
partnership In
a
The
convertible preferred, series B, called for
2, 1946/ there were 98,668 shares converted into
common stock,
leaving 1,332 shares .to be redeemed.
//An additional 33,240 shares of series B preferred was converted
into common during 1945, all before June
1, making a total of 131,908
shares (hot 191,908 shares
as-previously reported) of the outstanding;
redemption
/,
.
$618,845;
p. 2819.
The corporation recently announced that of the block df 100,000
6 994 953
6,737,648
stock
Crl6,920
surplus,
Kuhlman Electric Co., Bay City, Mich.—Stock Of¬
fered—White, Noble & Co., Grand Rapids, Mich., on
Dec, 21 offered 73,450 shares of common stock (par $2)
at $3.25 per share. Of the total 22,300 shares represent fi¬
nancing by the company and 51,150 shares ate being sold
by certain stockholders.
.
-
($100 par),/
Jones & Laughlin Steel Corp.—Stock Conversions-
$86,307,077 $83,751,437 $86,801,283 $86,077,795
6,030,000 / 6,030,000
6,030,000
6,030,000
treasury
($1
preferred
Jewel Tea Co., Inc.—Latest Sales Up 22.1%Retail
shares
Common
stock
common
5%
Four Weeks Ended Dec. 29—
: 5,568,720
abovej.
(us
Total
$120'896' pafcents and trade"
earned surplus, $1,347,153; total, $4,142,046.—V. 162,
($80,738,357 $80,782,312 $80,063,635 $79,082,842
ended
year
for other purposes, $3,000;
■
.
for
AND
'
•
30
1944
year;
'
•
capital.^ $50,250,000 $50,250,000 $50,250,000 $50,250,000 ''
^ar°ed
Net inc.
CAPITAL
NOV.
,
.
"last-in, first-out'/,
taxes (after $300,000 ,U. S. tax notes), $764,178; other current pbli**Deficit;/;-'ns' $28,019;'-reserves for post-war contingencies, $200,000; reserves
'
COMMON
.
the
on
((less income taxes applicable thereto).
:
^
ninrnnfh-n'n^i'
Jted cosi'SU® dSSJS'
$10M?
A
and
CONSOLIDATED
mi
the
plaintiff
'
%
$1.78
company's own common stock amounting to
1944, and 1945 and $15,840 in 1942.
fAfter
in
first-out"
.
'
$1.66 /;//
on
discounts
"last-in,
-
action entitled Alphonse Salomone, plaintiff, in
seeks, among other'things, participation on the
J part of the publicly held preferred stock in the distribution of the
BALANCE SHEET, AUG. 31, 1945
assets of
Knoxville, Knoxville requests the issuance of an interim
ASSETS—Cash on deposit and on hand, $514,380; customers' reorder by
the Commission authorizing the payment of the sum of
ceivables—less reserves, $403,813; other debtors, $69,024;
$420,867 to Power & Light, which company, proposes to receive it in
inventories,^
j; $1,412,869; miscellaneous receivables—less reserve, $45,670; investments
partial liquidation of its Interest in Knoxville.
By the terms of an
order entered in said action the Clerk of the Court holds the sum of
f/jin subsidiary companies—cost, $556,093; cash surrender value of life
charging operating expenses, maintenance of physical properties, sell¬
ing, administrative ■ and warehouse expenses and credit losses (less
feasis
,
/
12,500
excess
1
preferred
/
(1)
18,438
56,167
——
on
,
dealer concession of $1 a share—V, 161,
a
(2) Pending
% Dividends
/ Dividends
980,793
724,568
1946-—
5,
// •/■"/,V/:;;.
:
$755,049
$1,140,991
■/
for post-war contingenciesReserve for other purposes
profit
all
due-
poses
* $694,575
68,864
,
Feb.
on
by
$26,510, at prices not to exceed 100'/a and interest,—V. 162, p. 2819.
$745,278
71,458
that
Exchange
accompanied
be
redeemed
/
of
Kewanee Public Service Co.—Tenders Sought—
r
with
$6,319,462 «
4,268,156 .'J
L,356,732
$7,600,430
$8,592,896
Reserve
Net
be
must
common
1946;
1943
i
1,918,804
£—AAAiYA
income' &
must
4,
settlement
in
$32.46.
A.-A/5,(304,558
—
and State
1946,
that the
Feb.
until
7
com-
,.
company, outstanding
was
$1,069,534
,—
4,
,
"
♦
—
expense
Feb.
due-bills
directed
15
1946,
The Harris Trust & Savings Bank, trustee,
This asset '/
Chicago, J1I„ will until 2 p. m. on Jan. 24,
1945, and $26.11 on Dec. 31, 4
31,
a-----a.
income
to
25,
the
.
share, with
the sale to it
A
~
expenses
Jan.
on
distribution
Jan.
by
;
Exchange.
| p. 1656.
..
.
,
received
■'r
Kearney & Trecker Corp.—Secondary Offering—Blyth^t/
& Co., Inc., offered as a
secondary distribution Jan. 4, /
.3,000 shares of common stock (par $3) at $32^ peE Sv;
6,014,160
i_/_A
and
-■'/
..
prices,
income
(Total
6,994,953
.
1943
Nov.
on
/ft profits taxes
6,737,648
**444,360/
•Excluding dividends
sales_-
Interest
; 370,000
5,969,125
-
stock
common
±
be
Stock
v
Knitting Mills, Portland/Ore.—Earnings—
Depreciation
450,000
6,013,080
Surplus for year
Earnings per share'
•
.
9,639,208
5,568,720
dividends
Rate per
of
Federal
}
!
—
$34.11
market
Operating profit
'■
/
income
'
borrowings
bank
162. p. 3074.
Operating
5
-
replacing inventoriesNet
with
to
Sales./A—AAAA-A'r
17,084,161
.7,250,710
;
•'
•
-
.
its
the balance sheet
upon
compares
Jantzen
17,004,413
cohting. 4/44,—
exc.
•-
adjusted
said
194. -
p.
will
York
New
Exchange
after
all
shares
'' ////.•/"
the
on
ex
prior
that
these
.
Stock
quoted
made
of
.<
delivered
and
163,
■6%
10,731,210
5,162,490
earnings
§Prov.
..
completely
/
YearsEtded Aug, 31—
10,434,617
296,593
income
repaid
v^c1'
I
prop._
operating profit-
Add.
-'>■/4'
•
<
/V.
Company of America—Asset Value—
31,
York
not
/ contracts
credit, the final payment being $7,000,000.
Federal
of $22,000,000, under which its maximum actual
$21,500,000 in January, 1945.—V. 162, p. 3193.
owned
1944.—V.
"M 137,254,175 142,517,295 122,621,914 126,160,395
4 l,088,135
1,091,579
1,081,514
1,061,812
6,777
75,141
/ 93,251
%
Deprec.
Other
ft♦ *».4'-;*
1942
'
'
148,783,704 156,642,087 142,841,095 144,256,388
tCost of shoes & mdse.'
-Other
\i
1943*
1944
"
The New
stock-be
-certificates
subsidiary,
a
sale
listed
are
to $5,000,000 by a cash subscription
company.-
has
Corp.,'
the
-''•" '- -: '■
shares
bills;
& Radio
from
/
pany.
The
et,™JU®based common share of the
1945,
/>as
NOV.
NO"1
ENDED
YEARS
also
.
*
-
-
proceeds
the hands
of
out
credit
were
•
Contingencies.
-1'
<
V-Loan
renegotiation' adjustments are ///; Investment
this respect are fully--.proviaed_
*
•
V-Loan
a
borrowings
no
CONSOLIDATED INCOME ACCOUNT,
'
a
had
CONTRACTS
GOVERNMENT
1945 indicate
Reserve
•
4
OF
renegotiation
was
year
however,
in
for
RENEGOTIATION
taken
:
The capital stock of Federal Telephone
has been
under
1
completion of
affairs
./'
'
.
,
:
832>
p.
its
and
company
160,
International Telephone
&
Telegraph
Corp.—Sub¬
scribes for Additional Stock of Subsidiary—Latter Pays
V-Loan—
,
notes
on
The company's financial position remains strong.
Its present cash
position indicates its ability to meet the financial needs of a period
of expansion
and possibly higher price levels without "resorting
to
long-term financing.
.
» ,
,
'
»
/
On
the
and
Court.—V.
-
in an amount equal to the
income,
the company's current assets
eleven times its current liabilities of $6,408,150. ///
Federal
of $71,531,380
profits
excess
CAPITAL
WORKING
.
applying Government
for
reserve
from
relief
provide
discriminatory.
NOTE—Renegotiation
clearance
refund
should
be required for
NET
BOOK
VALUE—The
sheet
of
the
company-as
at
has
1945,
net
in
book
Sept.
been
received
for
1944
and
no
management's opinion.
value,
30, >1945,
according to the
was
balance
equivalent for
each.
/'■' V''
■
Volume" 163"
v
the
of
issued
of
shares
225,000.
THE COMMERCIAL & FINANCIAL
CHRONICLE
Including the 22,300 in the company's treasury,
stock
common
representation
of
Number 4457
that such
liquidation.
"'-v,
•
7
7
•
Lee Rubber & Tire
(par $2), to $3.90.
Company disclaims any
hook value would be rea.izable in the event
-
capitalization
'
7 :
-
■
-.7
7
■
;
"
.•
preferred stock, (par $100),
stock (par $2)
./Common
"Only
+ includes
return.
.
shares
2.000
■.constitute
the
part of
NOTE—Prior
issued,
were
22,300
-7
3,000 shs,
which
in
the
580
amendment
an
have
Total
ASSETS—Cash
i
li
in banks
30," 1945 >
' V
.
'
,
-7
S
223,228,919
:
accounts
■!;;
for
y
order.
to
mechanical
companies
arrange
However, they
position
in
always
are
it
reasons
is not
exact
as
;!*■
and
:':i'-
$6.38 }!;%;
aio.a4
7
The
$4.74
•
in
negotiation
operation,' as
Federal
pltvaya
?
..
!■
of
settlement
-
and
•.
$5,123,772),
-■»-
State
$1,215,080;
year;-1944
•
income
/
(net),
$59,834;
.and. accrued
5
alphabetical
;
437;
capital
on
report covering
value
is
tlse
of
since
Sept.
31
gains
amounting
during the six-
realized
were
$3,193,198,
concentration
of
resulted:
30
exclusive
investment
market
a
investment
value
In
was
stocks
common
INCOME
famed—
of
in
net
Government
continued
to
be
of - $22,280,024, * The
securities,
having
a
oil
,
Cash
Govt,
div.
oblig.
'41945 "
*
and
Share
■
ENDED
1944
DEC.
31':
1943
;
7
1942
.
-
;
other income
;
_
_
,
.
.
f 0,
income
§?laries
I*QC t Qj*S'
Directors
CCS
*'
''''
'
for
stock,
Prov.
for Fed.
transfer,
104,583
90,537
107,008
6,400
8,900
62,500
>
/
:3:; 62,500
29,671
10,612
32,608
28,902
7,200
_____
*
29,648
27,668
7
cap,
_
15,765
59,610
34.439
28,938
...
'
•
$1,324,328
custody' of'
$1,429,640
securities,
$1,370,976
insurance,
legal,
25,794
.r
inc., tax;
;; Net ordinary income.
25o/.
$1,606,843
33,396
taxes-
expenses
$1,651,109
.6,500
62,500
-•
exps.
franch.
miscell.
Miscell.
$1,677,462
140,088
' ' ''1"'
compensation'
re-r"K ♦Registration, etc.,
•
• •
■
Prov.
$1,610,033
y
e
Manage
for
and
..
$32,283
$38,629 '
$31,242
7 $21,544
43,987
52,454 ■■■'■'' 55.294 ..-I-..". 79,902
1,446,848 V 1,498,843
1,557,870
1,490.983
23,097
20,137
3,084
14,414
63,813 '
67,399
3,620
.
securs.w"
on
Electric-Bond
-
■
other* bonds_^
dividends
S.
of
Co.
STATEMENT? 6 MONTHS
U.
Txable
taxes
P-
the
were
On
r' -
under
changes
of
securities, Avith
-
On
reserves,.
total, $16,448,201.—V.
'•161,
a
asset
-v
-.
important-
".V
and
provision
portfolio
.
.
interest,
insurance
-
Interest
(less U. S. Treasury savings notes,
of
$1,773,250), $55,675; workmen's
$139,414; miscellaneous reserves for
claims, etc., $119,659;reserve for contingencies, $1,075,000; capital
stock /(par: $5), $1,500,000;
capital surplus, $5,364,384; surplus,
598,027; less reacquired capital stock (53,4.11 shares, at cost), Dr$820,ipital
(53.4J1
C,
utility
most
quarter
#<*
-
„
y.''^ j'.A 'y
accrued; expenses
$1,141,585;*;J'abllity for refund
for
in
This
year.
'
corporation
1
Pennsylvania Power and Light
'
charges 7'
.
•••»
\
payable,
payable,
the
market value of
$12,203,494, followed by the securities of merchan
dising companies, totalling $10,937,507.
Among the new acquisitions made by the
corporation during ^he
$2,161,766; inven¬
$4,356,240; investment in
-Accounts
fiscal
balance,
on
largest '• single
public
next
$55,675.7777
amortization
....
...
LIABILITIES
^withholding taxes
possible,
as
i
$5.00
$4,043,562;
deferred to future operations,
$62,141; total. $16,448,201.
'
-?
■■•v.,*.
.r,;
;f
? -?
T:
1
alphabetical
near
sales,
'i. : v.,'
241,509
National
depreciation
compensation
'^'^r'jNOTE—For
possible
of
the
W
corporation's
securities
bonds.
cash discounts of
$32,757),
valuation Jfeserve of $450,000),
stock
of
period.
The
543,385
241,509
Synthetic Rubber Corp. (at
cost), $105,000;
real estate not used for manufacturing purposes, $30,745; miscellaneous
investments, $1,892; property, plant and equipment (after reserves
series
rM*
241,509
of $192,638 and
tories ' (after
capital
..
'
f
241,509
,„y<
months
$3,658,072, for Federal 'tax j
purposes,
$1,144,765
:
CONSOLIDATED BALANCE SHEET,-OCT: 31, 1945 <
ASSETS—Cash, $3,963,520; U. S. Government securities (at
cost),
$1,723,335; notes and accounts receivable (after reserves for doubtful
.
The' company in December, 1945, had 705 stores In
against 713 in the same month in 1944.—V. l£2, p. 3075.
$5)__7
(par
7
$
*
543,395
.
,
216,454,127
$1,241,934
emergency faculties
claimed under, acceleration provisions of tax
laws. **Includes $1,000,050
tax and State income taxes of
„' 1945—12 Mos.—1944
$
32,516,753
$1,299,019:.
V! 543,395
out¬
for Federal excess profits
Kresge Co.—December Sales Rose 3.2%—
$
$1,206,594
•: 603,773
-
to
month
.
■
V
' 1945-TMonth—1944
paid
•
32,265
■l.^f973.,'.-.;.^i..^::"-:^
rf',
°f $57.71 per share of
been'reported Nonstockholders
amounted to
or
$12,416,126
10.9 <io
gross, assets.
$4,075,630
$2,356,030
31*5*692,708 ; 12,583,697 >$1,061,265 y>7..Net unrealised apprec'ation <
of the corporation's assets on
Dec.
Y'2" ^-0°0/- v 250,000
150,000 :
was $44,244,504: * The
report- shows
that
1X7**1)828,925
capital stk.
16,401 337
7 *57,546
six
va'ue
has
reported, to, stockholders since- the
corporation's founding'in
1929.
It compares with a
figure of $50,77 on Sept. 30, 1945.
The
asset
value on Dec. 31, 1944
was
$44.28.
A
special dividend from
security profits of $2.41 per share was
paid on June 25, 1945.
Gross assets on Dec., 31 had a value
of $113,680,057.
Cash, receivables and Government bonds
$4,018,084.. $2,323,764
60,782;
first
the
1945
$5,242,557
tax
*i
21,218,404
"
Corp.—Reports Highest Asset Value—
assefc.
31,
highest
: "After all discounts and allowances.
(Includes $1,765,589 for excess
profits tax after post-war refund of
$197,885, also $54,657 for State
income taxes,
includes $327,166 lor excess
profits tax and $30,268
for State Income tax in 1942.
Ijlnciudes $2,828,279 for excess
profits
tax after post-war refund of
$314,253. also includes $91,963 for State
income taxes.
^Special amortization of, certified
/
\\
and
33,555,94$
99,335'
/
$4,262,492
Earnings per \share_.___:
,
Sales
$5,181,775
amortisation
standing
liabilities, $47,252;
provision "for Federal income and excess profits taxes (net), $93,902;
provision for dividend on preferred stock, $2,130; notes payable to
bank
(3tW. due, $70,000 annually from Dec. 31, 1946, to Dec. 31,
1950), $350,000 ; 6 7 cumulative preferred stock (par $100), $142,000;
VCommon stock (par $100),: $450,000; -earned surplus, $494,018; common
stock
held
in treasury
(506 shares at cost), Dr$63,250; total,
$1,680,254.
(S. S.)
22,266,643
.
^
Dec,
"
$366,382; -inventorles,
Period End. Dec. 33—
31
.1942
/
;
$4,163,157
(net)7_-_
income
Dividends
LIABILITIES—Accounts payable, $164,202; accrued
/
///I''
Net
Snares
on
hand, $132,885; accounts receivable
$891,227; deposit with paying agent for
payment
of dividends :on preferred stock, $1,420; prepaid expenses
and deferred charges, $12,206; other
assets, $15,624; property, plant
and equipment
(net), $260,510;/total, $1,680,254. V/'O.
777.7-,
(net),'
7
;V<
'BALANCE SHEET, SEPT.
;
■'//."
income
§ Special
and
V
OCT.
/../1943-
21,202,165
Prov,~for Fed. inc.
Contingent reserve
'
the loan agreement approved by the company Dec. 7,
expected to be executed by the bank, the sum of $350,000
13 payable' In seven-..annual
installments of $50,000 each, , beginning
Dec. 31, 1940, with mterest at the rate of 3
per annum,-and the
balance of $250,000 is placed on short term basis.'
-
Lehman
ENDED
...
,-/■
of
revision of
a
1945,
general
etc.
income
Other
incorporation Dec.
P10; 1945, the common stock of the company consisted of 4,500 shares
(par $100); these were exchanged on the basis of 50 for: 1.
y.
7vv7 V
7 y BANK LOANS—Under date of'Nov.
17, . 1944, the company executed
a
loan
agreement
with Bank of
the Manhattan
Co.,...-N. Y. City,
7 pursuant to which an; aggregate of
$(>00,000 was borrowed.
Pursuant
to
goods,
Operating profit 7.7
.
articles
oi
expenses,
been
company's- treasury which
;7V,7 '■■■
its
to
YEARS
1944
,
isalesv—$28,565,322 $27,448,418 $25,236,489
$18,725,101
Cost
*1,420 shs.
t225,000 shs.
shares
present offering,
to
ACCOUNT,
•
225,000 shs.
of
shares
Outstanding
INCOME
7\1945
♦Net:
Authorized
-
oumul.
'
■
'•=
O^
CONSOLIDATED
:•
313
Corp.—Annual Report—
80.000
$1,324,736
auditing
and
reports.
.
T
Kut-Kwick Tool Corp.—Stocks
hart & Co.
tive
of
of
one
share
stock (par $5) and 120,000
(par 1 cent per share) in units
preferred and two shares of common
of
$25,
the
on
payable
Feb.
.
,
,
.
.
,
NOTES—(1)
,
It
stated
ted
is
that
amounted
mted
at
as
to
dividend
a
to
holders
$8.97
of
made
was
Sept. 30,
a
$2
months
1944,
Jan.
23.
out
in
of
the
arrearages
146,
the
on
01
preferred
1
30»
3507.
p.
Agent,, United States Corporation Co., 15 Exchange Place,
Jersey City, N, J.
Corporation was. organized In Delaware on Dec. 8, 1945, by John A.
Clements, President; G. F. Tresher, F. H. Tresher, Vice-Presidents;
P. E. Bowen; Director,; of the corporation, and Frederick D. Gearhart,
Jr., of Kobbe, Gearhart As Co., Inc.. the underwriter, for the purpose of
/taking over the property and business conducted at Brunswick, Ga.r un¬
der the name of Kut-Kwick Tools, by D. W. Shader, as sole
proprietor,
-This business consists of the manufacture
•wood
of
and sale of
Lehigh Valley
l
I tion
from
from
-
'/
on
hand
at the date
effective
certain
(c) The
other
a
full
and
cumulative
creation
of
two
the
announced
was
and
deficit
loss
classes
new
basis,
which
the
of
id) The issue of additional authorized
wood
saw
started
was
in
cash,
Under
and
light
companies,
the
miscellaneous
ment, $1;
effective,
$50
off
+
to
option to acquire the
previously owned and
payment of $4,000
turn, donated back to
the
stock
for
sale
and- will
Shader
the
shares)
required to
and
„f
present
-1".-
ot
redeemable
at
$55
i+l V
without
^
share;
va
per
i
Jr.,
of
of
the
Kobbe,- Gearhart
transfer
to
the
of
the
back
shares
60,000
to
of
shares
the
liquidation to
value and with
par
V'
(3)„°neJsha^e of 5?^ at
S!CT^ preferred stock (entitled
$32 and redeemable
$32
share;
per
without
on liquidation
-'i
.
Bowen, Director,:& Co., Inc., the
corporation of an
be issued
common
preferred
for
company
stock
and
value
par
with
to him
'
shares
of
present
stock
issuance
to
(estimated
p;
2944.
Lane Bryant, Inc. (&
I
'
•
;
.
I
*
Subs.)—Earnings—
D.
1
W.
^
;
1945
the other
and
M
_jS.-
,
have been
i
.,.;j
Earned
$799,561
outstanding..........
$489,459
127,579
.
255,158
share
;:
v-
$2.99
-"Computed at estimated average rate for entire fiscal
year.
The balance sheet as of Nov. 30, 1945, showed current
$3.65'
non-assenting
011
of
basis.
stock
will
directors,
the
Dividends
be
each,
$11,092,874 (including cash of $3,932,947 and U. S. Government
of
securi¬
estimated Federal income tax
'and current liabilities of
$3,258,559,
a
requirements by $637 486)
ratio of 3.4 to 1.—V.
163, u.'194.
Le Roi
Company—Secondary Offering —First Colony
Corp. on Jan. 10 made a secondary offering of
5,000
shares of company's new ($2.50 par) common stock
at $11
per
share.
The offering
cember the stock
bonds,
$50,371,512;
estat^
real
/}
,
payable
other
stocks,
$701,4021
7
invest¬
,V
.
,
Jan.
7, 1946-, $584,033; payable -for
reserve for accrued expenses and taxes,
,
„
New Stock—
on
record
P
,
OffArAH
the annual
tn
P^mmnri
nt
n^r Sh
per on.
meeting- held
charter amendment
The
the
registration
with the Securities and Exchange Commision has
elective and common stockholders of record Jan: 10 are given
right to subscribe to the 72,810 preferred shares at $100
to
up
$3
share
per
to
°nJhe.basis of^one^hare of new, pNeferred;stockTor^ach la^hare*,/
held.
The unsubscribed portion will be
publicly offered by
an
invest-
'
°''
Bs
preleried snares expire at noon, Jan. J6, 194b.
-
...
-,v
-
:
The new preferred shares are convertible into common shares on the
ffibasis of $40 a share for. the common stock for five years and at $44 a
1/ share for the next five years after which the conversion privilege
was oversubscribed.
(par $10)
was
$2.50 par stock.—V. 163, p. 73.
split four for
Last De¬
one
into
on Jan. 10 declared an extra dividend of 50 cents
share and the usual quarterly dividend of 25 cents per share
the cqmmon stock, no par value, both payable March 1 to holders
of record Fehr"15. An extra distribution of like amount was made
on March I, last year.—V. 163, p. 194.
7;7
Per
4
a
on
such
on
payable, if and when declared by
out of' available net income of
the
the
vh M
t
pI0V+LdinlnLn
pointed
right
a
the
on
to
receive
such
stock
common
and
dividends
after
before
current
net
that
out
anv
this
oavment
income
has
preferred
is
been
7 opened in the Far East. :
-'Leonard K. Schwartz, General Sales Manager,• said an aggressive
' 1946 international sales campaign will be waged to extend jsales of
i-
,
divi-
the
fund ;
the export market by Air France and Dutch Airlines and to introduce
"" 10
Lockheed's two new transports, the Saturn and the Constitution.—
"77
V.
stock
event that
any current noncumulative dividends- upon
any of the preferred stocks to be
fil-O
nAf
nairt
(n
<Fn11
outstanding
4
»
pi
»
n
..
,
_
pai,d \n fu}}
any year, the holders of all three
stock will be entitled during the next year to
of
efened
number
classes
^
votes
share, depending
(ranging
on
the
from
number
2)4
of
votes
per
shares
of
share
to
present
a
3y4
of
per
stock
cf_the
.cP4 As
effective,
initial
508
$3
to
declare
dividend
Per
per
voting
power
of
the
intention of the board
share
share
stock.—V.
162,
of
on
on
p.
$3
the
the
and
per
new
then
2819.
common
of
in 1946
share 011 the
pay
second
out
new
preferred
outstanding
stock
directors,
of
if
the
first
now
the
outstanding.
plan
earnings
preferred
stock
unassenting
and
a
becomes
of
stock
1945,
and
dividend
present
of
preferred
already
purchased
in
777-v: /■.>. '• -f777':>V7-7VT; 7:v"7'7:7:7
;
of this company for the week ended Jan. 12, 1946,
kwh., as compared with 29,744,000 kwh. for the
week last year, a decrease of 11.0%,
V, 163, p. 194.
output
26,473,000
corresponding
larger
votes
preferred
accepting the plan) which, taken with
the common stock issued to
holders of present preferred stock in
exchange under the plan, will
have voting power, so
long as all such shares are
outstanding, in
excess
Electric
totaled
-
.
-
Constellation
Louisville Gas & Electric Co. (Ky,)—Weekly Output—
_
not
record-breaking four-engined
162, p. 2395.
who
_the exchange called for by the plan will receive stock which,7
held, will entitle him to three votes
for each share of
present \
pieferred stock so exchanged.
In the
if
,
:
share
a
L
year
first
merely
ara
assets
ties exceeding
of
'
become
beginning
cumulative'basis
makes
profit
per
*
$8,200,000;
common
advances,
7 **', ,7
TheJ directors,
.
shares
cost),
$3,957,484;
and
shares, par $1), $1,947,077; capital
treasury stock at cost
(300 shares); Dr$9,799; net realized
investments and special dividends paid (debit), $19,205,747;
,
.
,
Net
stocks;
total;- $68,990,553,
receivable for securt'es sold,
interest accrued,
$351,289; U,I S,
and
on Jan. 10, the stockholders approved
authorizing a new issue of .72,810 shares of 3
convertible preferred stock of $100 par value. '
!
rr.-
$18,209,807 $17,612,219 >. applied to the extent
necessary to the payment of the current
Net profit after depreciation and
interest^^L; -1,935,561 : 2 049,459 7 dends on the three classes of
preferred stock : and the
Provision for Federal income taxes—-/
sinking
*422,000
183,000
for the second preferred stock, r
7,:■■77';./:7"' ■ 777.;/'.
Prov. for excess profits taxes...
*714,000
1,377,000
As
to voting power,
each holder of present
-
;7
v.';-
^ v/tterea to LOmmOIl olOCKllOitierS ai ^100
<bluu
At
+.
r>
.
met.
*
non-assenting present preferred stock will be changed
of the effective date of the plan, from a full
board
is
Sales
Common
7
1945
iul1 for on the
preferred stock and the 508 dividend the $3 dividend ; -1, Lockheed Aircraft Corp.—Export Sales Manager—
soi-nnH
r
0
3
preferred stock.
A holder of preferred stock who
does not assent to
Ronald H. (Bob) Askew, formerly with Douglas Aircraft Uo., has
7,the plan does not lose his ultimate right to the payment if
as
and %
'appointed as Export Sales Manager. He will direct activities in
7 when declared by the board of
directors, of the dividends accumulated
Europe, Australia and South America and another office soon to be
7 up to the effective date
of the plan, but it is
,
,
as
cumulative-if-earned
7 made
1944
CA
mjv
conditions
..
at
/
assented
The
in
6 Months Ended Nov. 30—
'
31,
capital
P.*
fund),
being certain
to call for: deposits!
The
75^ of the outstanding
that sufficient exchanges would be made was
becomes automatically effective when
0
T
a
plan
now
of the property and business of the Kut-Kwick
Tools, to provide
working capital for the improvement and diversification of the
corpora¬
tion's products, and to develop a sales program for the
wider distribu¬
162,
a
--
financing the'pur¬
thereof>-V.
as
Liquid Carbonic Corp.—Preferred Stock Authorized—
.7
sugar
has
of
chase
.
net
on
1945, of one additional share tor each share held as of Dec. 1, 1945.
Payments in 1945 on the stock.then owned were"las follows; Marcft 1,7
June j
nd Sept j 50 cents each; and Dec. 1, a year-end of
v
1f-..
n
on7=
'
v
.
Authorized
•
the
on
•
lit
/„
(4) $7.50 in cash.
11,000 7
part payment of the purchase 7
price of the property to be acquired from him by the corporation."
The present offering Is made for the purpose of
:
tion
tax
taxed
be
on Jan. 15 declared a dividend of 25 cents per share
stock, par $5,, now outstanding, payable March 1 to
Feb. 1.
This is equivalent to 50 cents per share
on the capitaL stock outstanding prior tor the rdistributionon^^ Dec._17,
and
offeredln
preferred stock is
*
M
A
with
donate
number
to
preferred stock has been deposited or
otherwise
assents to the plan, votes in favor of
proposed amendments to the
expires.
-7
■■
corporation's charter, including the reduction of
capital, of a majority
Proceeds of the sale of the new issue will be used to retire the
--of the outstanding common stock
have been received and
property and business of Kut-Kwick Tool Co.
appropriate
presently outstanding 28,989 shares of 4Ysfc $100 par preferred stock
operated by D. W. Shader, sole proprietor, and 7 certificates amending the corporation's charter have been duly filed.
and to provide additional funds for the company's expansion program.
:.M However,-'.the board of directors reserves the right to make the
in cash. The above mentioned persons
have* in Vit:' fl-ffhnfitfa (f Into tVion
plan-t$V -tww~. x
Knt
it*
effective if less than
)PPIJ)TPS
Declares Extra Dividend of 50 Cents—
757c, but more than 507c, of the preferred stock
the corporation 120,000 of these shares of com¬
V': -V
Gearhart,
in consideration
offered
DEC.
average
1
holders
plan, each share of
eua,a
stock
common
declared value of $5 per share; entitled to benefits
of a sinking
(3) One share of common stock (par $1 per
share), and
rate of 1
share of preferred stock for 2% shares of common stock.
tThese shares were issued to John A. Clements,
President; G. F. Tresher,
Vice-President; F. H. Tresher, Vice-President; p. E.
mon
income
vThe directors
stock,
.
D.
corpo¬
$3,419,593;
(at
investments
'
com-
declared value of $40 per share).
■
Frederick
Federal
securities purchased, $122,266;
capital stock (1,947,077
$175,796;
surplus,
-
underwriter,
banks,
LIABILITIES—Dividend
The plan provides for the deposit of the
present preferred stock
by the holders thereof who desire to assent to the plan, certificates
Outstanding ..of
deposit being issued by depositaries of the corporation for such
100,000 shs.:'%•; *65,500 shs.
deposited stock.
Common srock (Ic par)
t750,000 shs.
$400,000 shs.
An application has been made, to list such certificates of
*To be outstanding if and when the portion of the
deposit on
purchase price for,
the New Yprk Stock Exchange.
the predecessor business (estimated at 5.500 shares)
payable* in pre¬
A, the exchange proposed to the
ferred stock is issued and the present offering is
holders of the present fctferfrf-:
completely sold. ti50,3. stock is voluntary, It was felt that the
000 shares reserved for issuance upon conversion of
only method of
preferred stock at
and
for
SHEET,
receivable
obligations
$1,566,264;" preferred
plantations and many other outlets.
Capitalization—
6?&. cumul. conv, pfd. stock ($5 par)—
in
dividends
Government
,
preferred
new
•
/nn,v,
Sales came in because of the need for the product and were
largely confined to the pulpwood field.
A preliminary survey,
made by the new. management, indicated a
large sales potential hitherto untouched. I'-; Tests indicate that; with
minor and inexpensive changes the saw is an ideal tool for
farms,
estates, parks, telephone and telegraph companies, commercial wood
power
as
exchange
motion.
companies,
thereon, for
set forth below.
'
output has consistently increased annually,
Approximately;
2,500 saws have been built by he predecessor company and sold at a
price of $300 per saw.
This sales record was'accomplished in spite of thC fact that at no
time was there any appreciable amount of formal
advertising or pro¬
construction
I.
.
accumulations
1941
the
cutters,
the
with¬
^
.
of the motor-driven
made
Life Savers Corp.—25 Cents Declared
corporation will devote the necessary portion of the proceeds of
this financing to said purpose.
v,
The manufacture
been
bal/
ASSETS—Cash
$423,008;
The
and
of
but
,
redemp¬
unissued shares of
has
BALANCE
plan;.
and
thereon)
tax
six
unreal'zed
net
other taxes
company" and intends to distribute during the
fiscal year substantially all of its taxable net ordinary income, thereby
incurring no Federal tax liability on such income.
no Federal t(
7.
:
Tuiiqthiativ!?han^
of said option.
It is estimated that the-purchase price to be received
by the seller wiH aggregate approximately $205,000 in cash and $5,500
units of preferred and common stock.
income
The
and
the
market
provision
,
preferred stock,-likewise on
rank ahead of the present
will
I"
becomes
State
ordinary income, as the corporation has elected
regulated investment
cumulative-if-earned
a
plan
the
in
$50;
(par
for
for
31, 1945, based on market quotations,
or,
quotations, on fair value in the opinion
has increased approximately $16,956,215 since June
>"?7- ' v
'■ vf
of
"
».
basis to
date
described
the exercise
of
profit
>
after
changes
cumulative-if-earned
a
corporation
4
basis;
with
•
Shader, the proprietor of the business, will also receive in adunits of one share of preferred stock and two shares of com¬
stock of the corporation at $5 per unit for the amount of cash
the
changing of the present preferred stock
tion value $55)
-
7
(
v;v
Briefly, it contemplates:
elimihation of the corporation's
The
ib)
Mr,
receivable
Recapitalv
of its
outstanding
(par $1);
a
and accounts and notes
Plan Of
$7,000,000, referred to in the annual report for 1944, by a reduccapital through changing each share of the presently
common
stock (no par) into a share of common stock
over
dition
mon
11.
(a),The
motor-driven
a
•Final
The final plan of recapitalization of
Jan.
type embodying superior speed and economy/ Corpora¬
tion has acquired an option formerly held by F. H. Tresher to
purchase
the above mentioned business and property for the sum of
$150,000, plus
the inventory of all stock and parts in trade and
completed saws on
hand and available for sale at the date of -exercise of said
option, in
saw
Coal Corp.-
ization Announced
Federal
investments
on
$4,266,220.
was
allowance
for
profit
pro:
Dec.
of
directors^
No
realized
31. 11945
an
on
absence
1945.":-'7}
(2>
Transier
Dec.
(after
assets
the
net
allowance
any
ration's
initial
An
ago.
The
ended
appreciation
per
record
year
share.—V.
per
-
of
share on account
conditionally cumulative preferred stock,
6%
15
distribution of like amount
WU.
stock
unit.
have declared
accumulations
par
stock
common
at $5 per
!♦ V.
The directors
convertible preferred
shares
A
(The) Legare Co., Ltd.—Accumulated Dividend-
Offered—Kobbe, Gear-
Dec. 18 offered 60,000 shares 6% cumula¬
on
1
Lukens Steel Co. (&
Year Ended Oct, 31—
Net
Subs.)—Earnings—
7t/7 "-7"- h'-/'7t7
Operating
+
income
Net income
transferred to earned surplus—,—
common
♦Before
upon
tion
estimated
share_______—
refund
of
1943
*41,478
_
955,790
1*2,751,478
375,939
$8.65
—
Federal
1944
£45,243,988 $54,576,770
——
Earned
per
7
7
1945
■
sales 7—»—
taxes
on
$1.18
income
based
carry-back provisions of the Internal Revenue Code, and restora¬
of certain contingency reserves.
(Included in the income trans¬
ferred
to
earned
surplus
for
the
1945
fiscal
year
is
$2,410,000
renre-
•
senting estimated refund of 1943 Federal taxes, based
upen
carry-back
j
THE COMMERCIAL & FINANCIAL CHRONICLE
314
Monday, January; 21, 1946
'
r": ■.
restoration of
the
Massachusetts Investors
Internal Revenue Code, and $300,000 representing
a portion of the Company's contingency reserve es-
of the
provisions
tablishedln 1942 and 1943.
•
: V
,
,
has filed
company
a
Trust—Registers With 5EC—
registration statement
the SEC
With
flled a «8tttration
-A 1>; "/'« J5n«C0^any
>
.
The
,s|Jid'by^he^ompany ?,s the 100'000 ^ares of common
for
recitation--statement-.'
registration statement as required by the Securities .Apt,of 1933
being prepared covering the proposed new /cumulative preferred
A
is
v>;
v,
now
,
offered. Goldman, Sachs;t/AA/t\
v'ance%Ynders Co ? Bosfm?^Vhe qai« n,i » v* VL':Vrt';:
the 1944
nr"nclDa?S sh«Ss
H f p» incipal underwriter and
the-^underwriters;'//;/.of'carry- >v v ^g2 p 2820 sbar*sto investment dealers and also to investors.—
& Co anfJ Lehman Br(lfhP,,..0„
recoveries arising through accounting practices, treating.as ex\
• ■ I • . -a; ..,';-A >A-'-rA.-.;Walter B. Sachs, one of the™ neaa ine'• underwriters;
for tax
the amortization of facility costs covered by ^ ;J Mas a h
tf pAWA» «, j ivM lcCAn,,,fti
«V Goldman, Sachs & Co —V' r°3»- P- iqs <. • e comPany»'VA '^ft' partner, of A; 1
163 n'
.v# VVtAiA
and the 1944 reserve for retroactive wage ad, iw»ssaciiuseiis bovver & Light Associates—50-Cent DlV. A
,
195a
Justments, Robert W. Wolcott, President, reported.—V. 162, p.-1879. y -r '
The trustees have declared a dividend of 50 cents holders of^cS%V^ichi^an BeH Telephone CU^Earilines
m , ' ' tf
preferred stock,
par value, payable Jan.'-13 to per share on th6
»'V t
11 .
Lynn Gas & Electric Co.—Partial Redemption— ;
; fi?uW not be
i943-Month-i944 „'.^1945-11 m«< 87.954te?
v, v->: 4a"j>isnouia wa5 regarded as an indication st^e? regular auarterlv riivf-' J^SElld- Nov. 30that, t&at ,this distribution Operating revenues
<sfi rhr en±
,. "
*•* $66,371,2581
has called for redemption on Feb. l,_next, three, of ;«.v dends would be paid at. this rate*/ aa':-v;aaa'w5<
L:^b.^-Uncoiieutibie-bpejr^ lev1 '' $0,183,877 $73,744,032mos.—1044
$7,570,524, AA
capital at the end of the 1945 fiscal year was
«n
increase of 82,256,11:8 over the $5,314,396 at the end of
fiscal year.
This Working capital Increase is a result largely
Working
stock
,
as
shares
the
and
4
*
of
common
-
stock to? be
expected to
"
head
back
purposes
pense
certificates of necessity
$2
*
•
•
u>
The
i,.
l.
■
j."
no
1044^
.
company
1,158 at loo and •/>.-- m 1945, the following payments were made on the> $2 preferred v
Jthe^First^N^tiohal B"11-stpck:"; Jan.^-.-lS, April 16 and July 16, 30 cents each; : andMutual Life Insurance ..;- 40 cents.
' ,.>.r
-v.-;v,r. • •
■ >v
^t.
\ * I
Arrearages as at Jan. 15, 1946, after the current mayinent/ a!
•v
A '
to $2.95 per share.—V. 162, p. 2820.
,
•;< ;
:;v•
McAleer Manufacturing: Co—Registers Stocks— ;v,r7';:
Mathieson Alkali Works (Inc.)— Officials PromotedCompany on Jan. 14 filed a registration statement with the SEC for Jonn O. Logan has been; appointed an' Assistant- General Manager
60,000 shares 5 (io cumulative convertible preferred stock, par $10, and . of Sa.es- and Harry P. Smith has beon appointed New;-York District ,
notes (Nos. 10, 15 and 21)
due Feb
interest.
Payment will be_
interest,
raymeiit, wmwc made at —
«v,
Mass.
These notes are held by John Hancock
Co.—V. 161, p. 990.
f
2%%
its
-
.
Net operating income
Net income ;2_.22ii.u'422
.
.
Sales
The
Manager.
latter
post
$10 per share for the preferred
—who continues as »n Assistant General Manager of Sales
A
stocks
used 1
Of the proceeds, $345,000 will be used to pay the balance owing,on
., Mr. Logan was Western Sales Manager of the company's Chicago >
of con,
the purchase price of 7,889 , shares of common stock 04 faxonaoa Reel 7 office and Mr. Smith was Treasurer, Vice-President and President *
$615,000, which inclures $270,000
Co.
The full purchase price was $615,000, which inclures $270,000 t of che George Chemical Co. before joining the Mathieson concern —
\
elready paid.
Part of the proceeds *111 be applied to the--purchase of , V. 162, p. 2820.
-:a,
'
•••
The
of
names
160, p. 2648.
V.
av;^a
development wtrk, etc,
the underwriters will be
1 '
' *
equipment,
various
(Arthur G.) McKee &
Metz
filed by amendment.\
,
five dividends were paid on <
share. ; The jsame, amount was paid
and 1944.
, r|T,T,
» lUvrxuu
During 1945
regular meeting of the directors
dividends"will be held early in.March.
'
next
The
The
appointed
p.-1449.
of
for consideration
Chemical
Bank
Trust'
&
transfer
York
New
'
Dec. 20, 1945, cash, accounts
Co.,
agent
•
York,
New
for
the
N.
common
8,851,128
$8,7*7028
,
8,376,857
.
as-follows:
$1.62y2
the
on
15
Feo.
per
15. May
share
on
cumulative
$6.50
holders of
to
lecord
15 »nd
Aug.
2
i
,
:accumulations has
gtock, no par value,
Payments in 1945 were'
$1.62Va.'each; and Nov, 15,
15,
*
$3:25.
,
cf
account
preferred
Feb.
*>
Arrearages as at Nov. 15, 1945, - amounted, to, $34.371/21
v- 163>> 74«
^
share.—,
per
'
>*5J
■
^' ' The Guaranty Trust Co; of New York has beeh abboinjiwf
4 ft$^nt in New> York for the^capital stock of
d
which will shortly be admiS to'
Exchange.—V. 162, p. 3076.
4
Missouri Electric Power Co—Court
-
.
„
-'V'jsj't,»:S' r'YpS's', -'V ('
sota. Miningr & Wg.:'Co;-^ransfe^
^'V'V
''
the New York StockX*
-
Orders Coopera-
Business—Sho-Me Power Given Year to
y - has been i dissolve—
™ vV,A
stock.—V. 159,
..
Purchase and operation of a private electric utility enterprise bv a
-
t?^Hhn"^00perati^es organized under the Rural Elecwas
® ^i ^?u^ oraereci tl1e Sho-Meheld "legal toy the toMissouri: State
a Co,urt
J|f Jf
co«ntieft gave Power Cooperative quit business
the
year
$1,967,644.
Glmsted, Vice President- and-General Manager,' announced
eif i. organized, but 1942 by a firm a of 26 in which to wind+
,
4
»
$270,227
tt s ml.i'w.mj » *
,
»
1nh^i«*rf was
®no"^e
in f^e Aiore eldctric cooperatives. Sho-Me
group A REA cooperatives
$245,656 U. S. dollars at present
lq4; rf55
i
Pro$rfm- Awhleh started early in ':'
, y
received by the company covering refunds
other ritie*
warehouses, to be established in "
Jen/5,a 75,99a and Purc"ased the Missouri ElecDominion: of, Canada. Since definitive bonds ^located
i trie Power Co. for $2,350,000.
uuri
this refund have not as yet been t^iotieani"
unaudited accounts as of
Taken from
^
this stock in 1942,
on
Feb.
Brewing Co. above..
Memphis Natural Gas Co—Transfer Agent-
..
per
1943
.
of
declared
payable
^"•;"-
Co.—Financial Condition, Etc.— . ; v Melville Shoe Corp.—December Sales Up 23.4%— ii
the usual, quarterly
Peticd End Dec 31— 104^ vftnxi, 1tl,.
p, N19444
•
'stock, no par value, Safeesr
^ Dec- 31~~
Secretary, in a 1
y. 16~3~~bL~i95
'— $5,546,975 $4,495,333 $41,216,679 $37,051,163
;,vln connection with the payment on Jan, 2 of^
dividend of 75 cents per share- on the-class "B"
to holders of record, Dec. 20, 1945, Robert E. Baker,
letter to stockholders said in part as follows:
$4
v
dividend
A
been
Neb.- -Partial Redemption
Brewing Co., Omaha,
See Fontenelle
.
89,185,473
802,021
;
:
lo2, p. 3C7C. • "
J. B.: Peake >
held bv
formerly
was
$876,952
867,036
'
':
Minneapolis-Moline Power Implement Co.—Dividend
^
60,000 shares of common, par $L
The price to the public will be
uu
and $5 per share for the common
$895,219
V
(The) Mengrel Co.—New Distributing Warphonsp
'
„ f.'
.
f . o7 / , ^
> g warenouse~j11 ^ chain of plywood distributing warehouses <has just
estimated U. S. 7
"L fSfv^ niSfT'
y U,' S.-Mengel .Plywocds, Inc., a com< .
during ;; £0 £ t r rnHs
n Mang®1 Co; ®nd United States Plywood ;
$2,648,684, and v
Teceivableand, U.- S, Government securities total
accounts payable,, advances from customers^^ on contracts^^ in process,
sundry accounts payable and ttaxes, not including
income and profits taxes for 1945, which are payable quarterly
1946, amount to" 8681,040a Net working capital amqunts'to
Xn addition to the total current assets given above, a total of
(equivalent
dollars
Canadian
rates) will be
paid to the
certificates of indebtedness
exchange
taxes
on
or
received
to
,
011
hav^ not taken this sum
we
into account currently.
^During the past month we have completed renegotiation proceedings
the War Profits Control, Act, growing. out of our operations
for various agencies of tl;e U. S. Government during the war period
to
the
end of 1944.
The results obtained are, in our opinion,
-
Doubles Dividend—
posssible.
, -
,
,
S, Mai5 ? f 5° ceiits per share on the
ThTsJan. ^), 1944.—V.lk161, l! Ch i u° £°Ic!ers of record Feb. 15.
comnares ZVh
Pi 465
on
' last year' and 5 cents
ki.
Merck & Co., .
Inc.—Holders
our
tabulation of our Stockholders shows at the' time it was
403
wuiAiuiA
vvywvu
w...
"7- stock,
7
289 women owned 34,707 shares of our /
199 men
shares, and 54 banks, corporations, institutions, churches,
and: crusts owned 16.108 shares.-^.
uuib
that
executors
v.
.
«
'Vo
re-incorporate under general utility laws.—
tit:
rr».
nn
-
'
a
..
i
r<.
,
•
r\
•
.
development
^r^ii^mp'^ltoeklmlders
our sales were
amounted to $1,360,437,
made, including
decrease $242^79.
a
.•
•
,
SUMMARY OF CONSOLIDATED
.
Years End. Oct. 31-
Net sales
—
profit,
.
..
"
5,008,058
3,721,921
-
-
stock
new
GeorgeAW, Merck, President, on Jan. 9 said,
"There is now in process of construction at
.......
appeal was taken at a meeting of the board of directors Jan. 12. i-' "Just prior to the court announcement," Mr. Davis said, "I, as
board chairman, had worked out an agreement which provided for,
recognition of stockholders. In/fact, counsel has been instructed to '
o^'.c shares and a
their shares lor 1
'
,
in part:
'
,
the Eiktan, Va.,
*
.
plant, A'
draw
share
per
petition
requesting such
recognition.
Unfortunately,
thq
(
voting—an action I consider as inconsistent in view of his often made
3,971,164
cieim of desire to protect the stockholders' interest."
-
,
2,778,117
earnings
which
under
ordinary
:
conditions
high rate while traffic
higher rates of pay.
profit, after taxes
Net
the
a group of buildings tOAnbuse equipment ;ior; large^caxeApx^aactjon . court's decision came before such ft petition could toe presented.
oi the new antibiotic Streinomycin. Additional finishing, subdividing
"Some $33,000,000 of claims," he added, "of the Junior bondholder®
and packaging fatilities, lOi; Sl7eptomycu^f; ReniCiilm and other me- , ere compensated through ,a.provision for warrants. - Since the comprodicinal products requiring sterile /techniques,- are tbemg provided at ,r mise pian was drawn an approximate $30,000,000 of claims have been A
Rahway plant. It is estimated that the.^e lacilities wiL .be comretired for cash and further retirements are under consideration.
, A
A'
pleted ^, l$4b, and,the war years it was not possibleof>Approximately . file an directors Donald one Wilson for a at his request, recorded as not
will-require.totat expenditures^ to expand some
"All appeal. except D. voted was, resolution directing counsel to
$4,000,000.
During
general manufacturing, research, power plant and other facilities. .,In,'-. Mr. Davis also held that further delay in getting the road out .of
i
uired ior the
T. receivership, may react unfavorably upon the participation of junior
'
*"
addition/ tiikt'tni-itiot raw ; mafoHal; inventories wlil We%~. fort tit
substantial
material intrnnmviflt: will be required,for the
bondholders and stockholders.
Interest accumulations continue at a
production of Streptomycin.. The high rate of wartime taxes greatly
..
5.978.644
preferred
an opportunity to exchange
cumulative preferred stock.
anticipated that it whJ be;necessary to provide additional .warehousing, *
1040
1943
-
5,602,110
before taxes
taxes
Income
..
"'
the
M
(46,310
....
outstanding
shares)
of the general .'facilities hfeeded by the companyAand. it is therefore '
..INCOME STATEMENT
1944
of
A.
provision
after
was
tne
41/g%
shares
for- income and excess profits, taxes of
$4 241 673
which shows a decrease of $133,955 from. 1944. ^. Excess
orofits taxes amounted to $3,407,762.
,
'
7
,
;
-*
After deducting
the preferred dividends of $250,000,
the amount
available to common stockholders Is $1,110,437 or $2.78 per share.
"
This
of
53,690
the net earnings
business,
of -government
$5,000,009
approximately
nnrnn
holders
t '
C.
prices"aT whlch""aWla*^e"proportion, of
is declining
railroad labor is demanding
and
,
:iMr. Davis said a .motion was presented to oust him .as chairman.
of com.
(new basis);.
A;, stock
BALANCE SHEET, OCT. 31, 1945
presently outstanding preferred sto'ck; In view of this and in order
$2,181,308; U. S. Government obligations (at cost)./' 1°, Provide additional funds, the board of directors has formulated the
$163,607; receivables (less reserves of 587,546), $2,271,603; inventories
following plan:
• ,
^
priced at the lower of cost or market>; $6,441,697; advances to pulp- '
.
wood jobbers, $214,811; cash surrender value of life insurance policies
ized, of which an initial series of 120,000 shares will be
(face amount $710,000),.$136,842; premium deposits with mutual insur- Vf"e dividend rate on .the
series cannot, in the
ance
companies, unexpired insurance, etc.,a $205,813; investment and
interests, be determined until just before the offering, it is presently
other receivable, $553,422; Canadian timber cutting rights, development
A estimated that the per ahare rate will ba hot less than, $3.60 nor more
expenses and deposits, etc., $313,777; cash ($3,112,280) and Dominion
:han S8? p?5 a"nuraademption price of the initial series"A
,
to
Purpq
Everest, President and General Manager,■ ..said in part.t
Net sales for the..fiscal,year* ended Oct. 31, 1945, were 85.^,940.697,
an increase of $2,084,666.
Due to increased costs and the lix-vi ceding
Net
it
for
be
d
p.
n
Corp.—Annual Report—
Marathon
D.
A
.
Im
"A •' / v. 156, 2134.
of Present Preferred Stock 7
im
>, '
owned 33,595
Net
1
.
but
|
recent
A
catvcn
taken
5
* cn
The directors bnvp rip^iorprf «
common stock mmi
equitable and satisfactory.
There will be no further renegotiation
proceedings on business after Dec. 31, 1945.
Final'Vhet ' earhings for 1945 will apparently ^closely approximate
those.of 1944 when $364,739 was earned.
Earlier in the year
management anticipated an improvement in earnings over 1944,
unforeseen conditions during the last quarter, in which period
earnings have
been negligible, have made such improvement
the State of Missouri fnub-ht
Th Court ruled* "Thefe ls onp'h«ii< iccna »„ +v>
4
cooperative to engage in the electric busies?
^
i)ublic may incoroorate unripr fhp r>ooM„P f/" 8 serving the general
optorativeris tongaK^T£et\
n*
whiclr i ® was organized" gave noness not »«lhwayed by themight under
Although the decision DUsl hint which orlz 'sho-Me law go in
Merchants^ Distilling Corp. of Tfrre Haute, Illd.— J
under
A.
ASSETS—Cash,
ca'ls for additions and betterments amounting
The* proposed 1946 expenditures do not include the
previously authorized for purchase of new light*
weight trains, locomotives and other equipment.*-V. 163,. p. 195.'-A
for
--''First—150,000 shares of cumulative preferred* stock will be authorissued/ While
initial
company's best
Lhe
is
to
this railroad which
$13,444,810.
than $10,000,000
more
4
4
-
, ,
-
.
Missouri Telephone Co.—Partial Rertemntinn
®mP"0n
be $5 "er share in excess of the initial -offering price AAA' . A
^, 7
accounts payable on Canadian pulp mill
construction of
reductions... of SI per share each ..two years until the initial .■•;v.'A:-.TheA company,,has called for..! redemption.- on-; Mgrch l,,nextA S7.00Q
$2,791,598; plant and equipment (after reserves for depreciation of
offermg price is reached, a The initial offering price will be deter°* 2a7year 4/1^ first mortgage bonds, series C, due Sept. 1,: 1961,.. 7
$7,686,045), $6,401,178; construction in progress, $8,973,091' patents '# mmed bv tbe board of directors on the basis of them existing market :A at 105V2 and interest. Payment will be made at the Harris Trust &
Canada bonds
of
and
(less .A
$779 230) :
wit<1
earmarked for Canadian pulp mill construction
LIABILITIES—Accounts
707;
conditions.
•
.
Savings Bank, .corporate trustee, Chicago, IU.—V. 161, p. 209.
^'Second—Shares -of the hew cumulative preferred stock will be
•
1
payable, $1,279,678; accrued liablUties $880 A & JflJ ^ h<?!derS
th® P^sently outstanding A 5»/-»tk, .and -.4% K'Pi- Edward A. O'Neal, Jr., Co.—Units 'Official Promoted ' *>"'J
Monsanto Chemical nas Deen promoted to deputy managing
stock will be.
taxes (less U; S. TreasuryS Ses ^
^,excha"ge i°r the shares which i they now hold. valued the a Hireetor-Aof--' . Monsanto, Chemicals, Ltd., a. wholly owned \English. subA
For at
.
n.Mpol Tr
7'17
»
patent rights, in , process of• amortization,. $588 135* debenture
in process of amortization, $42,000; total, $31,279,882.
,
expense,
t;.
uicj,:iiuw
provision for income
certificates' of
indebtedness
ha-/^
1
Edward A. O Nea , Jr., ha$v be.n promoted to deputy managingt'a
>
uviu,:
•,
®*cban$ef-tbe 5preferred stock' will be. valued at / >
.Jni
i,nrdempt<un prife' ancl the
Jy^ 1Jed t $106 per share, its redemption
amount equal to dividends thereon fo.r 90
^
ftnd the
.cpmula'tive. preferred Stock "will be
preferreKtoS
aed„aS th« in tial offannS
Dividends on/th^
:
lie 4m
"32^K
preferred ;stpck; A; „idl
^y; 162 p> 3195.
3tion price, plus in each
sinking fund debentures, due June i, 1959, with annual sinking fiind A
f
or 90 days (the rederap4
payments beginning May 31, 1946, $10,000,000; other long-term^^ In°
debtedness, due 1945 to 1959 (including current maturities of $23 120) A +frtn !!,
u.,. v,
$193,680; minority .interest (49% ) in capital stock and surplus -of '
J
iw
new
•
Co., $66,099; 5'/•
Menasha Printing Ink Co..
5'A cumulative prereirea SIOCK ,> Ia
■ Peri5d End-Pct104R
yvc
41/a^
preferred stock accrued to the time of exchange will be paid'^1'^ -pArlnrt ^ 0f.t qi__
Pftm a Ooeratinfir revenues; $1,437,852
Operating revenues
(par $100), $5 000,000, common stock (400,000 shares of $12.50 par .
in cash and a cash adjustment will be "paid by the-company in lieu
Operating -expenses A— A v 412,616
and
of
$4,300 000)
$1 031352•
-
•
IS
OOQ
Iflv
<3197'q
8R2
surplus, $598,956, qarned ,surplus,:4; 0f issuing
'
Jf229,4iu,
^
any fractional share of cumulative preferred stock to which A
*-
NOTES—It is
the year ended
J
with
, ,r
, t£
31^-;^1945TMonfch—1944 ^.1945—12 Mos.—1«44ri.
$1,688,304 $18,114,079 $21,569 684
Federal
__(,Crl,804,734
\
186,986
&)
;
taxes
Other taxes -A
,
liabilities of the wholly-owned Canadian subsidiary A;
are
included in the consolidated balance sheet on the-basis of the A
official rate of exchange of the Canadian dollar as to current assets A
The
assets
and
Property retirement
deple. res. approp
125,000
Amort, of limited-term AAA-:'/ -'; /- ■-
($2,461,673), current liabilities ($467,588), prepaid expenses and sundry
receivables ($37,167) and cash and securities earmarked for-Canadian 1
pulpmill construction
($2,791,598),. arid substantially at the prevailing /
mately the market price, the holders of common'stock will be asked to
expedite the offerings by waiving .their pre-emptive rights to subscribe
for the
common
new
cumulative
Stock
stock.
-Tf
If
preferred
t.ho offerings
the rtffpirinaa
stock
<if»
are
and
Ho
made,
mo
for
the ;100 000
shares
of
+V,a
the
company "will request
the underwriters to
endeavor to make shares of common stock and
remaining shares of the new cumulative preferred stock available1 in
reasonable quantities for purchase by the holders of common stock
who apply at the time, the-stock" is offered.
•„
1-
acquisition or deposit as to logging a
"Certain members of -the Merck and Rosengarten families, some; of
camps
and equipment ($602,628), Canadian pulp mill in progress
whom are on the board of directors, have Informed the board that a
($8,444,380). and Canadian cutting rights and other noncurrent assets .
material 'portion of their investments is concentrated in securities'of
($215,360). The items of the profit and loss account of the Canadian '
the company.
They believe that a somewhat wider diversification of
subsidiary, reflecting a net
profit of $28,082 for the current year,
their holdings should
be obtained; . While -these families intend tto
have been included in the summary of consolidated profit and loss
retain large holdings In the company, some of them may wish to sell,
on
the basis of the official rate of exchange of the Canadian dollar,
a part of their common stock holdings,
not expected $0 exceed 30,000
—V. 161, p. 209.
k...
rate
of
exchange
at
the
time of
_
on
"mortgage
.
u
bonds
,
debentures.-.-—
int. & deductions
* Int- on
.
Other
net income
Dividends applic.
^
,
*In connection
to
--
143,869
5,955,338
460.580
4.800 321
A 308,658- *2 068*433
A 128,817//1^605,779
5,524.$02 A
1,550,798
3,218
10,927/
$621,314
$8,059,757
7,447
-
$628,761
4
44,125
8,373
- $458 812
$426,195
preferred stock for period-
483.849
$8,543,606
150.068
44,125
2,139,249
$6,491,678
•/'
83,624
$6,575,302.
1,749.0™)
'
1.8''« 071
-529,495
2,261,900
>529,495
105,307
$4,003,112 $4,111422
957,534
957 534
-with refunding of debt;Jn October, 1945, charges
were >
aLrPff«fe
-to
arising in the debt
accruing to Oct. 31,
1
2,047,368
1,565,644
unamortized debt discount and expense- in the
.mount of $2,700,027 representlns call pfemium and nrepald
plicate interest on debt refunded.
In October, 1945,- the comnam)
charged amortization of debt discount and expense (included in
interest and deductions/ with $2,134,495 of such'
made
f,
«
.
168 935
respect to
Btfttcnicnt/S#
a'a^a'Aaa.
-a-^a
,
Montana Power Co.—-Earnings-1-A '■ -
322
such sales is not material in amount and A for redemption.. Such portion of the initial series of 120,000 shares A A investments —_A—: 'iyi '
has been provided for in the accounts.
*
.
.
of new cumulative preferred stock as is not issued Ain exchange will
Amort, of electric plant.,,- '.<•
The parent
company has; filed application®.. for the reduction of A; be sold to underwriters for offering to the public.
-AAA
A A • :!■; AA". A
acquisitijon adjusts,*...
* , 1,093
Federal excess profits taxes for the years ended Oct. 31, 1941 to 1944,
"Third—100,000 additional shares-of common stock will be sold by j
$2,516,569
inclusive, under the tax relief provisions of Section 722 of the Internal > the company to underwriters for offering to the public at a price
to '
Net oper. revenues269,486
Revenue Code and a similar application will be filed for the current A be determined by the board of directors, which will approximate'the A Other income
(net) L+i
year.
The outcome of such applications cannot be determined at this A; then existent market price, ; A?A;A ;
4' A.
.' Gross income
time, and no effect has been given thereto in
the above financial
^
"Fourth—Since the offerings are proposed to be made at approxili¬ $2,786,055
required
„
,
_
-
total, wx,4<5#,004.
,
an exchanging stockholder would otherwise be entitled.
Unexchanged
estimated by the management that renegotiable sales 4;! shares of 5V4% and 4l/2c/c preferred stock will be called for redemption
Oct. 31, 1945, amounted to approximatelv 15# A of6n a date 90 days after the consummation of .the financing at their
total net sales for the year,
The estimated net refund that may be :A respective redemption prices plus accrued dividends to the date fixed
f
for
»
.
refunding, being the
Snd'du!
Sr
non'Scuwinir^
otflet ZSffiSS- benSlI'
1945, by reason of - effect'.
of; these-
deductions on
'
;
.Volume 163. Number 4457
•
■
THE COMMERCIAL. & FINANCIAL CHRONICLE,
.
.
.
...
.
315
.
1
taxes based
income
on
income and
on
charged
reflected
income
to
in
the
lowered
provision for taxes
(G. C.) Mufphy Go.—December Sales Up 10.36%—
account.
:Stockholders
;
;
•
.•
Period End. Dec. 31—
1945—Month—1944
:
1945—12 Mos
1544*
NOTE—Income statement includes'for periods pVior to Dec. 14, 1944,
gales
'$15,103,912 $13,685,660 $95 905 410 $88 936 595
consolidated operations of the company and its .former Wholly-owned
3 r The comDanv on Dec 31 1945
had
209
in
nnprutinn'
'
subsidiary,/ Glacier -Production 'Co., and including -for period prior to •*
st
at
cIoto
of
1944
operation; as
:
Jan. i, 1944, consolidated operations of the company
formerv i
is^
v'.
wholly-owned subsidiary, Grealr?alls Townslte Corp.-V. 162,
Quarterly DiVKJenfl Increased- "
.
..
...
(
V. '
(
,r.«
iT^vwfvsrrr,
'■>VearsEnded'Odt.-31,1945—J1945 i?/
Net
stock,-payable March 1 to holders of record Feb. 15/'-tfriA'*;?:"'/•••
Payments during 1945 were as follows: March 1, June 1; Sept.-l
>1944
'sales-'$10,251,891 $14,090,449
Cost
Of
goods
S0ld_v—
X"
Selling,3 general and administrative
Federal
Operating
»8,060,175;V11,113(99V ^ Dec. 1, quarterlies of 75tents each; and-Decs, 21,
;
792)722
921,871
—V.'162; p. 3077. w
expenses.s.
capital stock tax and State tax
Depreciation-and
inc.
on
—71.583
-
'
etc;^w:^:;.W 438,852 ;.
amortisation,
249,664
$1.8°4>923 ^ Assistant
?«
n—.
:^Non-operatlngy4ncome and^expense (net)-v..Tncnma
before
taxes^8963 484
tax"and~surtax"Z - 22a!ooo
Federal
Provision for normal
Provision
for
post-war-
refund—>
385,000 ••1,196.000
profits
1,
excess
'...i
Total
dividends
;
1:1
;
;
,
/ %
special
on
« aSS !•
32,^1r,
BALANCE SHEET, OCT. 31, 1945
:
With
Subsidiary^ublic
^
^
meeting
nronosal
a
to
of
stockholders
consolidate
Clinton ..Industries,-Inc.
this
will
be
held
'
COD-
Oil
Feb."
on
with
comDanv
will
(he
be "made
4,
to
fHntrin
list .the
to
the
Pn
the
on
Nov.
on
15,
last
that
M
will
be
18
cents;
Feb.
6
the
on
cents.
follows:
as
estimated
15
stock
the
preferred
the
on
& 1 Dav
-
4 Weeks
4 ^E^ded&Y ErfdeS'
'
selected
v"Xr
%
"
836V347n06838872
99 870 474
8,363,347 106,838,872
99,870,474
company827
at
P. 2949.
Dec.
30,
1944
-
,
-
t.
,
—YearEnded—
Dec. 31, '45 Dec. 30, '44 Dec. 31, *45 Dec. 30, '44
.
'»749 at DBC. 31. «45.-v, 162,
"
stock
■
.
14
;
On
S"Ume °J ^ stores decreasedoffrom
* the hlst0Ty
the
N09E The number of
nf
stock.-
series,
'•,V> r'
4 Wks
;jvr' i
;
'10992455
':"M10.992.455
!
dlstrlbuto
:
;
,
'
of
a'
j
*
Series,
were
the
payable
•'
stock ,series,
selected group
*
f9s
s
vote
stock
dan.
on
preferred
^
period
>
al
Application
corporation announced
1
Offerings
"
at
set
•
.
'
'
be
to
Naticto^.m^
p;-196^
Stock
meeting
a
series, .15 ice'nts; on the stock series, 9 cents; and
group series, an initial, of 3 cents.—V.
163, p. 74.
t
W/Douglas;—V.M63,
.
cents; and
Payments
Plahned^-To Seek Listing Gil Ne\V York Stock
Exchange
•
1
,
and-1
an extra of 50 cents.
V 1^- - J,
'
- • - •
?
'National OaJldy CO., "St. LOfllS, Mo.—To Vote
;
Crl20;000 ^;
'.--y.
—'^rrr-.:
declared
;
r'214,000 4 solidation
income
"
'
$1804,923
to the Fresidenti Eewis
The
On
'*/•
'J- •*'
'w
proposal at
tions on the Series shown below,
holders of record Jan. 31: i"
•
,
jWDiiJtwal Gffe Insurance €0. of % Y.—Official promoted
Rbbert/R.-Strpud,' Assistant Secretary, has also'been-appointed an
;;
,
profit
;
,
The '.directors on Jan- *5 declared a quarterly dividend of $1 per
V-;Share..-oiv,the 480,500 outstanding shares of nb par value common
•
•:;:::';Moore Diop Forging I/O.—EarniTlgS—1••*' •'v
the
on
^
"
-e ar®n,ow authorized .200,000 shares of "$10 par common stock,
,494 of
ch are issued and outstanding.-^V, 161, t>. 13.
v.
National Securities & fteseaircli Gorp.—Dividends—
DO
th?'
act
^ate*
(
2?T
will
'
'
.'
.
_
_
t:,'-,f i this, new corporation on the New York Stock Exchange. *
"
;
s
f(J. J.)f Newberry Co.—Secondary Offering—Blyth &
According to Richard M. Moss, Chairman of the board, plans callCo. Inc.
Coffered as a secondary distribution Jan. 2 e*
,^r sale through underwriter^of , lpo,000 shafes of Clinton' Industries, " hlock of 4 006 oommon chares (nn nari at
ner sharp
Inc^ In additiom^630^65 shares bf capital stock of>1 par Value will ,
® If®^+0} v
be requned for distribution to present stockholders of th# two present :.^ttn a dealer concession Of 70 cents.-—V, iftoP I
^ y.
V. ASSETS—Cash on hand and
demand
deposits,
$625,334;, U.
S.v*
Treasury tax savings notes, $52,005; accounts-receivable, trade, $493,456;^claims
receivable,- contract
terminations, f $609,984;- .Teceiyable
from U. 6. Treasury,-$229,094;-Inventories at lower of actual or replacement cost, $992,522; <cash surrender value of life insurance (face t
.
o
162,
3196,
p.
®?JdP®hfes,, National. Candy owns 89.8% o£ the outstanding stock of
V.-163, p, 196, r^;
•;
^
;
•; -,
vofficers)., $.104,369 L-J}roperty,v^;-: The Clinton
£o.x The coriwlldatlon'-. proposal v-p^ovldek.;; Jhat.;. 578,445 ^ *
Kt
"
•
■'• ••V:».-.
plants and equipment subject to depreciation (after reserves for depre- ^ shktes. 'of-'stodt. -in 'the new • corporation Will .be issued to
National";?;;
Vvxy Encland Gas & Electric Association—Outnut
elation, $3,040,862), $1,978,417; war emergency facilities,, plant and
;Can<iy stockholders on a. share-for-share 'hiasie,: and that 52,020 shares
^n^lanfl ^as «
eauinment
(after
reserve
for amortization),
$424,668),^iV----;? ac.vfwr.be issued to the minority shareholders in the Clinton Co. on the
For -the,Week ..'ended Jan. 11, the Association reports electric output
Counts receivable,
employees and sundry, $4,586;
deferred charges,
?^S1S
new fchares for each of their present shares. In addition,
13,117,147 kwh. This .'s a decrease of 322,852 kwh., or 2.40%
local taxes, insurance premiums, etc.,
$64,738;' goodwill and tradethef® minority shareholders will receive a cash payment of $6 for
below production of 13,439,999 kwh,? for the corresponding week a
value"
of; policies, .$215,522,
^
on: olives .-of
(
^inc Association
UUtpUt
.
"Vriflrirs
('
at
nhminfll
value
81-
total
85 153 606
each share converted.
.
Wr«?fi
n'rtVoB Payable (cuirent), «Rfi hhO' accounts
LIABILITIES—Serial notes nntiohjft fMirvftfitV "$80,000, flcCrtiintR
TTittTT
(
Ibilhies, $365,722, 2(4% serial notes laftei poition shown as JurreSt
as current
liability, $80,000), $560,000; .reserve for contingencies, $290,821; ?4M
arock^mar C$f)Vei$">75 000^ ^apita^surpluV '$746 891*
(since Jan. 3lf y5V®ffo04848^'
1925), $1,004,948, total, $a,i»J,bUb.
);
earned
WOuid
National :Candy. in
-
"
enrnnratinn'K
nffice.-
located
"Bristol.
at
$2,500 000 bank indebtedness
retirement of its'/preferred atock on
incurred
Aug.
15
principal officers
Co.-will,-hold corresponding
offices
in
the
*
27,390,000
cu.
ft,,
or< 15.43?^
below
177,483,000 cu. ft. in the corresponding week a year ago.-
Would Sell Subsidiary—
.
ft.,
of
cu.
the
4
'
has
asked the SEC to approve the proposed sale to
& Co., Boston, of all common stock and other out-,,
standing securities of the St.. Croix Electric Co., a subsidiary in Calais,
company
Robert Hawkins
Me
for $160 000 —V.
163
d,))?
196
n
of
eW
.
-
y".-
.....
New England Power
Aaaneiatinn—WppIcTv Ou+niit—
rower Association—W eeKiy UUtpUt—
.
The Association-Reports humbef 'bf kilowatt hours available for thti,
ended
Jan.
12,
1946 as 65,151,188
compafed with 67,916,751
for the week ended Jari, 13,'1945, a decrease bf'4.07%.
•...
new
Of
this
The comparable figure for the week ended Jan. 5, 1946 was 58,408,910 a decrease of 7.20% undbr the corresponding week last year^
163, p. 196.
v
•
amount
;
to $U45 834
,
,
New England Telephone & Telegraph
Co.—Earnings-
A consolidation of 20 companies formed in 19C2. the National
Candy
£?•
a K, nfcral line of candy to jobbers, chains and retailers.
cora
Products from corn. It was formed ®yr,JP» dextrose, starch and other
in 1906
'•
•
production
week
^A^Pfofits lor i944>amounted
_
_
.
.T
on
,
.
-Vu
.
Period End. Nov. 30
,
I.
R.
of
bv
1945
incorporated,
Candy
-decrease
a
Proceeds of this
$39,500,000.
,
the
i;
gross sales o
the Clinton Co. were
approximately" $32,250,000, and
—V.
tnose of National Candy; $7,250,000. National
Candy's net consoli-^r"-1
.
.
at
yefar:y.agO.''?,;f)\?^
Gas. output for, the Jan, 11 week Is reported at 150,093,000
Inc.
After the? consolidation, Clinton
Industries, Inc., will have total
net assets of about $15,000,000. Combined gross sales Of the
constituent companies for 1945 are estimated at
outstanding first mortgage 5% bonds due Dec. 15, 1969 not heretolore called for redemption, at their principal amount plus a premium
of $20 per $1,000 of principal amount .and accrued Interest
to^nd
including March 15, 1946^' The total amount of the payment will be
;($1,032:50 per ($1,000 principal amount.
Consideration' of offers will be governed by the order In which
vAPPlupri
1933.
-
the -National
any time prior to March 16, 1946 the corporation offers to purchase from the holders thereof for cancellation a limited amount of its
«re
"
Industries,
consolidation3 and
organization.
TWM-iactt
%■ At
,«»
thfe
The Clmtoa Co. was formerly Incorpoiated in
Iowa, and the National
Candy Co. in New- Jersey.
'
- All directors of the present two companies will
continue to serve as
directors of Clin top Industries, Inc. The present
"
JVlOUllt Hope Crlttge lyOrp.--rUlier to irurcnase
,;
:
Clinton
of
after
already^been approved
bv.stockholdm.m ^j^s^o make^both companies Delaware corpo- f
j
in
whidh State the mew-organization
will'be
.WtPUs,
.
on account of. renegotiabeen adjusted and paid through the fiscal year ending
1944.
Profits for the year just ended are not expected to be
subject to renegotiation.—V. 162, p. 250.
7
Affnv+r»
'
practicable
'bv^tod^
have
Taw
-
a
-?
surplus
-
as
soom
+
'^
Oct. 31,
t
as
sale
RENEGOTIATION—All Government claims
Alon
made
* fe' will be
relation to retirethe Securities Act of
under
used
'
Surplus
••
The- -public 'Offering rOf lOO.OOO3 shares
be
'
oftvpay
^'?hLn
■
1945
oneratine
/'gyOpeiating revenues
revenues
Mon.h
,1,
\ir^
^
1945
1J44
4 811 112
o,811,112
10 039 828
19,039,828
11 Mos.—-1944
.
94,951,290
16,021,320
13,721,695
9,281,602
of
13,356,980
16,201,824
subsiriiarw
loo
95,063,108
1,384,563
direct
a
104.778 131
104,778,133
8,800,634 104.639,167
6,031,104 " 75,080,363
as
8,788,760
95 063
65,208,275
■
vui(/u»«uu»
«.>
VI
UV1-,
:,swv
«,»v»u!v»
^
,
•equivalent to $33.23 per share on the 360,000 shares of outstanding
•capital stock. On a comparable basis the net asset value per share
•was $25.97 on Dec. 31, 1844.
In computing the net asset value, no
allowance has been?'made
for Federal income-taxes on unrealized
jninndc
in
ho
+avod
under
v
^
J
,
.
NewHiont Mining Uorp.
The
for
.*
rho
company on Jan. 9'filed a registration statement with
the SEC
The
123,460 shares'Of capital stock
The shares are
issued
and
m, t.'1?:
°f the
--->
.)
—
■
,
..
^Exempts Purchase—
|?o"!toT«v dtot^uW w" rt«lhViden'1ta~tto 7ear"'in"whkh
an exemption from the provisiono
Investment Company Act in its purchase of 357,971 shares of
v'iS',ijTPhibUi7:Goldi?I\hnteiv-''Ltd.,;, Ontario, for $71,594 (Canadian money).
The stock will be sold by A. W.
Burt, executor of the estate of Thomas
..
National oil Producte Co -Proposed Expansion-
realized.
(
During the
year 1945, the corporation paid dividends on its 360,000
outstanding capital stock which, including payment of
a, special dividend of $1.40 per share, amounted
to $2.00 per share or
3*720,000. Of this " amount, $327,600 (91c per share) was paid from
?3net income for the year from interest and dividends (which net in-
«hares
•come
Federal
for
income
tax
amounted
purposes
to
$327,559)
,
and
($1.09 per share)
was
paid from net long term profits
xealized during the year on the sale of securities (Which profits for
Federal income tax purposes amounted to $392,323 after
applying
Cost
1944
1943
1942
$341,017
$336,562
4 978
11 375
12 025
14 622
14,0^
15 124
xo,u*
15338
iq.jju
19943
interest
'
expenses
.
registration
bonds,
3%%
Income
Directors'
•r4
•
$378,604
m
$363,275
f
33,317
C
29,963
28,269
Prov;
29,004
for
£or Wisconsin
normal
481,304
income
3 500
3000
4 ' 069
6 783
6,783
6 778
6"78
88,000
80000
L
*
18,700
18,300
16,000
$365,158
—
'After post-wrelund- of
taxes
Net
$327 600
-fu"-Ync"
,su^PIua
DivS. from secur, profs.
$360
$360000
•
■J-so'uo°
"$3~35
portion
of
these
portion
as
a
$1,024*772
.
.
,
.
.
.
,
t'. At Dec.
.;v.S
31,
1944
v.
'iS™ SS
v.
income
security
made
for
Federal
Income
taxes
on
profits.
.
BALANCE SHEET DECEMBER 31, 1945
ASSETS—Cash in banks, $298,035; dividends receivable
fixtures,
i
or
^
payable
Insurance,
-
WSStfSffi&T* <tt ?°5"
$1, total $8,142,566
LIABILITIES—Dividend
i
1
aurpms
.
and
interest
/
and
,..,,1
reserve, for-
(360,000 shares Without par value),
$4,500,-"
$00; capital surplus, $5,025,291; surplus income, $589,019;, profit and
loss
on
securities
sold
and
dividends
paid
from
security profits
fcince March 1, 1931 Z)r$2,034,444; total $8,142,566.—V.
162, p. 3077.
,
.154,742
For Federal income purposes, a
is ?taxable' ks,ordinary income and a
dividend. A^atatement of the percentage
V
""
Agricultural
-y. ■■
—
Ordinary
/
.
Capial Gain
°57^5't
42°456
—_
Alcohol and Distilling80.14
60.61
P
19.86
Automobile
<
?/*"* 'j'*'
500,000
$295,442 in 1944.—V. 461, p.
1,317,893
2J0.M0
.
$3,077,040
•*
'
of $372,218 in
1945
.
"
•.
.
.?
•
•
—LI
Supply
Business
Equipment
?
-
;
.
f-:
•
*'/
53.12
52.72
69.18
30.82
....—/ 92.59 |i;? ,v
Machinery
Merchandising
'
■
7.41ri :
34.85
-
Mftals^
—-0.13
29.33
—
year.
as
return
in
.' 30:53
:
mode on
.g-'g /?/
,
69)7
the basis of distributions
The percentages shown should be applied to
coital »
tax
the"
same
•'
70.bf
?..
have been
^
than "six
;
79.87
—
; i>S,ied spwiaHr"1
income
65.15
47.70
li'-ri'"- "• Sqhv
I S;f?
logger
-
-
52.30
—
?lailj'oad Equipment
for the entire
; -
1
.
taxable
i
71.06
47.39
-.
47.28
•
;:r?
.00
■
52.61 ?
46.88
-
.
39,15
28.94
w/.—^
Chemical L,—^——
Electrical Equipment
Food
Insurance
100.00
«.-«.*-»•
^
J^al £25!^
and $386,977 in
if™"3 "0t'S °f S1'°6M46 to 1945 and
1546,.
•
Bank ui
Building
^;
$5,029,297
>After l^serve? "for ■ depreciation
,
Aviation
"■"§afioaf'"£r^7—
:•'•
124,732
.
39.39
60.85
-
*oo%t ?/
3.5,0,551
^o'tal
,
—
'?Phblic Utility
?
175,576.;
-
,.
payroll, -etc. accrued..iiX_—117,421
oavmenWor
manner as
oTen?
gains
The
the
Portion
StiS
on securities held for
dividends are taxable,
?
and the maximum rate applicable-is also 50%.
Expressed in another.
/'
Robert s. 'Waters. Rresideht, has announced that the board of di- /; waV, the stockholder in effect
pays one-half his regular tax rates, on
rectots at their, meeting on Jan. 10 adopted resolutions recommending,,// tha total amount of his
capital gain dividends, but in no event more
that the outstanding common shares be split 2Va-for-l.
than 25% of such dividends.—V. 163,
,
^payable Jan. 15, 1946, $54,000;
taxes«f$8,700; capital stock
distributions.
•"
336,618
■; ? ^555
Hihtr
--/.v
$721,236
■
—
$486,583
^
%ZV™7£rV1'W92'323 sftet 8pp,ying'
ilio provisions have bren
net
•
excess profits taxes.
Accrued;taxes
..V/-?,i>.-c,u---1
.-
^'•^-•"•inbreaSe during the' yea*$2,205,300
IV
Accounts
1.680,631
"
,<
„
3 -.-.v.):v--^,—- ^ ^Federal incomb and
v
■
-■
%
:/"•-?
.
distributions
capital gain
'
has been
:
»
Official—
t.lUn; m each cia,slllcatlon, appearQelow:
W7,000.
.
.
'
Shipping Administration .--v. 163, p. ;757:;-.': .V,;v
made four quarterly
$335,055
$1.44
....
Cashfh^bank
$360
,
withdrawn
was
T. F. Chalker, Treasurer, on Dec. 27, in d letter to the stockholders,
During the fiscal year ending Rovr 30, 1945, the corporation
-
""No provision
5,
,
.
?;-7,
BALANCE SHEET, SEPT. 30
'
j.
Dec.
-
New York Stocks, Inc.—Tax Information—
000
000
and on hand
$396/701
Jqo'SSX • 360,000
360,000
360,000
u. S. War Savings;bondS„_
;
;
850,516
14 719
392,400
——*-.
Accounts Receivable
^
1,072,311
551,783
made for Federal Income taxes on either
Inventories/
•&
i
_•
624,466
637,859
met income or security profits as it is believed that the corporation
f? Invest^ bf?'Century Metal Craft Corp..,r
** 1,102,554
]
:ftS a "regulated investment compahy" has incurred no Federal income?Invest; )h' National Pressure Cooker Co. Ltd.-L-/
118,727
"
tax liability for the year
1945.
Investment in Witt. Gauge
35.000
'
NOTES^dl Realized met profit from Steles -of securities
Invest. in LakesWe-Alununum Co.;—74,175
74,175
^ (computed on the basis of average costs) after deducting
Other-assets and deferred charges..120,164
130,867
>
$4,300 for State and municipal taxes, carried to profit
'
?" '•
onsets
—'
//, 609,167
; /614,254
;;;??• );
.,? - and loss on securities sold -L.v/,
■:f$79i,009 ri Patents-<less «-hiortization)—
u.-.
.....
25,516 /; ?
28,611
• ,,
;«(2) Aggregate unrealized wpptteciatlott ih value hi securities
•/
1"
>•
J,
• "
" ^ *
"T—"")"
—£-~*
owned as compared With dost:
.
•'
"
Total •
$5,029,29? $3,077,040
-Ut Dec. 31. 1945
3.885,931 ttABlLITIES— '
'
'
'
\ "" ." '
•'
Dlvs.
SEC
said:
62 500
Earnings per 'share
the
.
*8]o S
Dividends
with
*
New Haven's export and import traffic interests.
,
Mr. Sorge was formerly Special Assistant to the Atlantic Coast Di-
26 825
$1,330,055
Net profit—transferred to spurplus
3 500
3 408
M#8
bfher taxes""
Wltn
$12,000,000. first;
covering
_
22 874
9Q?n!X
taxes
statement
^artws ;at 89 Broad SIb.,. Bostcm, Wass.y -gndvwili supervise. aUa the;
$1,303,230
$1,505,158
FedefaMnc t^
Wifh-
*,
•
'
;
&
Net prcfiribefore income taxes
S326.930
p™v
a)rihutti«ns°P€to CAm'
^ V
wr!
t>£,
$361,119
salaries
fees,
filed
■
Irving T. Sorge has been. appointed to the position1 of Foreign .Traf*
fic Manager of the railroad, effective Feb, 1,
He will make his head-
rector of the War
Total
.
New YOlk, New Haven & Hartford RR.
6,152,178
798,492
'
.
Ptntpmpnt
Registration statement
•
/J
^
•
$7,936,713
$1,482,284
_____
company's
mortgage
"777^:
(net)
"Rptri-tr-ifinn
Jan. 8.—V. 162, p. 3196.
8,750,463
n™m
Operating profit
Miscellaneous income
.
-
-
freight, returns, allow, and discts.) $11,031,238
$294,662
4 052
The
30
►
sales
Selling and -"general
1945
aeciirities
In
(less
of
Gn
'
,
1ft
Sales
I.
$360,930
dividends
TiivlriPnris
SEPT.
Tlnrk
New 10lK 1,ocK A/°*
,
Annual Keport
■
.
.
Gr«wn—
ACCOUNT, YEARS RNDED
.
11
Yni'lr
Npw
.
.
-INCOME
>>.
,
Commission Jan. 16 to permit steps to be taken by,; which the Nickel
Plate may acquire the full rights of ownership in stock of tho
Wheeling & Lake Erie BR.*? held since 1930 under a trust agreement
with J. Crawford-Biggs as trustee.—V. 162, p. 3196.
v
; ■
National Pressure Cooker Co —Annual RFriort—
.
Cash
/
'
.
-.
The company, Chesapeake & Ohio Ry. Co. and the Alleghany Corp.,
with which the C, & O. is affiliated, asked the Interstate Commerce
tdf Planp : A^;-'i*;?J^ult of the land purchase, new expansion plans
be drawn up to further enlarge production facilities, research
laboratories and administrative offices, he said.—V.1&2, p. 3077.
loss catry-overs from prior years), ?The amount of $392,400 has beett
•designated
by the corporation as a
"capital gain dividend" -and
sis 5taxablfe; tp Stockholders as A long term capital -gain regardless of
the date on which -stockholders acquired their shares.
As a result
•of these dividend payments, it is believed that the corporation as a
-"regulated investment company" has incurred no, Federal income tax
liability for the year 1945.
RESULTS FOR CALENDAR YEARS
-
10 ACQUire Vy xieeiing otOCK
.
$392,400
p.'2647.
;New ¥ork €hicag0 & St Louis RR—Seeks Permission
5.
.„way for a P°st-War plant expansion program during
1946 that will run to more than $1,000,000, a tract of waterfront
property on the Passaic River, N, J., adjacent to its present
plant,.-•
nas just been acquired by this company, it was announced by Charles
{,-Gulick,^President;." and Chairman. The property formerly was
owaed-pplted States Gypsum Co, - Mr- Gulick stated that' - expansion plans already uiider- way call %
aa expenditure - of $900,000 to Increase productive capacity at
.
of
/
SEC has granted the company
Johnson^'former director of Tombill.—V. 162,
*uch
I■'
,
\r«nm,a«t
N ational Malliiison Fabrics Corp.—Registers Stock—
„
jV',;h ■,*
..
"
■
\r»4in„9i
.
.
m*.
,
:
:
months.
Only
50%
of
such
s
.
p.
75.
'■
;
Plans Large Expansion—
New York Telephone Co.
Sought
New CaDital to Be
The
Jan
comnanv
Northern Pacific Ry.—To Pay $1 Dividend—
;
nude on Feb. 1. 1945, and on,Feb,. 1, 1944.-V, 163, p. 75.
$60,000,000 In 1946
ertlmated expenditure oI
improvements throughout the
«.
York v„u,y ahd State and the adjacent section
City ttnti oi/tvec
- —
"Activities are already well under way on
of Connecticut.
fhp
nf
f®aJ"rfsri
some
Electric
,
-:V'
;
'
year.
:
p.
next
"The
-
...
.
,
for
163,
1945
196.
1943
Other
294,000
257,161
312,830
356,380
234,920
$0.72
announced
8
equipment program through 1950 is figured at
It includes, in addition to the facilities' required
2 126,711
$1,285,612
$1,271,232
$1,496,387
$1,065,611
14,778
10,298
10,816
4,658
$1,300,390
$1,281,530
$1,507,203
$1,070,269
profit.
income
,
;
214,012
154,469
150,043
154,351
548,000
569,000
625,000
204.600
56,000
57,397
46,562
43,981
.Cr57,000
Cr61,300
Cr4,600
$301,065
$335,497
$341,836
$349,865
50,000
75,000
75,000
100,000
$251,065
$260,497
refund of
tax
inc.
exc.
(est.)
for
year
•
.
v
passengers
169,330
•jf-' 135,456
$1.13
$1.19
$1.07
$1.07
•
.
66,809 V
a
and
in
Government
♦Accounts
banks_„_..,
receivable
AAif
'1944
A-i'
Cash surrender value of Hie insurance
Investments
d
Due
740.890
1,493,876
:
141,921
closed.
.
* .
r.M
-.
•
The company is also contemplating purchase of still larger planes,
with 80 to 100 passenger capucity, with likelihood that these can be
obtained before the end of 1946*
the extension of dial service by replacing approximately
150 manual offices serving some 600,000 telephones.
These replacements will include all remaining manual offices in New York City,
most of those in Westchester County,; and the larger manual centers
in suburban Long Island and up-State.,
7
"
a.
Construction costs for l ew cable, wire and poles are estimated at
588.940
J/695,696
month in its-19-year, history. Planes of the Northwest fleet will fly
approximately 450,000,000 passenger miles in the new year, he dis-
V
$532,884
990,946
m-4*
—
Inventories.'
Notes
''i——
fr.
empl. for sale of
U.
S.
rec.
from
profits
cess
tProperty,
Govt,
own
(post-war
stk.Z
com.
refund of
Prepaid
7,958
998
s;
expenses
__,II
—
,V,
n.
'j
128,100 li
-
621,405
,
630J31
20,862
,
4
62,663
ex¬
equlpment_,^,._^,rt_--
and
•
134,794
67,103
: ;v:
Lasts, dies and patterns, trade-murks and good-
$55,000,000 for the five-year period, including $40,000,000 for growtb-.i^^Mr.- Hunter added that his company will increase the number of
improvements in connection with existing centers. • ;"•.
,
i, flights to each of, the 26 cities on its line through a network of local
"'The plans
for new buildings and additions,"'alterations and im-^
flights. Service to other cities not now served will be added*'
* • •
provements call for estimated expenditures of $12,000,000 in five
Northwest Airlines has applied, to the. Civil Aeronautics Board for
years.
This part of the program is relatively small because of, ,the:£ permission to fly into a number of cities in the territory, it serves, :
•"•extensive building program carried out by the company prior
to ;,a anti iS awaiting only the Board's"approval, a sufficient number of
"'the war. - Miscellaneous features call for about $8,000,000 more.
planes and proper airport conditions before starting that service, he
'and
1,655,871.
taxes).
plant
w
"
$410,606
securities^^u'
68,512
OCT. 31
1945
hand
on
S,
'vs;
>,?r
BALANCE SHEET,
ASSETS—
Cash
$249,865
65,660
137.088
:? CONSOLIDATED
1
$266,836
65,578
139,878
share,
com.
;
to
dividends
per
«
U.
125,000
transfer'd
Preferred
Earns,
306,300
154,000
taxes-
earned surplus
dividends
.>
390,000
',15,771
taxes,;;
prof.
taxes
Common
199,010
•'
15,1)62
re¬
fund
normal
Balance
23,157
Nunn-Bush
excess
Net
:1
27,313
;
to
"Appropriation
month, in addition to mail and express. This would be almost four
times as many passengers as the airline has carried in any single
growth,
lor
carry' about
will
planes
office
$95,000,000.
"about
for the ;V:: current, figure, or approximately 63,705 per month.«%
these
with later types is estimated at some $172,000,000
central
The
1942
$3 192 322
profits
•
t
1943
7'7,'BBd
equipment
■
Subs.)—Earnings-
2,037,488
Post-war
•
the
$3,533,875
•
income
State
gram will
of
paid & other misc.
Fed.
Croil Hunter, President and General Manager, said tne broad prorequire an increase of at least 25% in personnel, bringing
..
history
''7'7
1944
Federal
build up a reserve so that, as In prewar yeat's, where
the total to more than 3,000.. . .
; ;
anyone
wants new or additional service he can have it installed
He said decisions are expected in 1946 which will determine the
without delay.
The importance of ample reserve plant to take care
company's expansion of routes at home and in the international field,
of
Growth is illustrated by the company's estimate that the) number
At the same time, he disclosed that his company already has
of
telephones it serves will increase ' over the approximate Jan. Iobtained 15 four-engine DS-4 type airplanes capable of carrying from,;
Hotal of 3,225,000 to some 3,600,000 by the end of 1950. It is of -v 44 to 56 passengers and that the first of these to be delivered will /,
interest in this connection that in spite- of the serious equipment { probably go into service by mid-February.
. . ';7%7y77.:'
77.'
Shortage prevailing during 1945, we were able, by various expedients,
Mr. Hunter said that when all Northwest's new planes—now at
to connect some
133,000 additional telephones in our territory."
;7777. the factory or conversion centers—are put into service, probably by
The
cost of new station equipment and of replacements of old
April 1, the number of seats available will be about 2Va times the
and
plant
:7
1,973.990
tirement
%
,
the
$3,245,222
charges
an
in
-7:
1945
on
profit-sharing and
expansion program for
1946
calling for expenditures of $7,000,000 for airplanes and parts,
construction of major facilities,
an
increase of approximately 200%
in the number of seats available, nonstop flights between major cities,*:
a network of local flights
and inauguration of service to new cities,
Jan.
on
month
V"
2,095,347
Contrib.
$1.33 :
best
• •
■
$3,380,959
Total
Int.
$1.04
the
'/7
also
sales,,
profit
Net, operating
■ •
•
Expansion Program for 1946— 7
The. corporation
is
'
-$1,459,052
559,830
539,070
■
share_^„__r--:i.__^_,
•Announces
;7-'':'<7y7
-
66 %
und adm. exps._
Gross
551,161
shares....::...
common
!
1,028,830
469,000
v
of
1944
$2,434,024
profit
Earnings per
■$..
.
.
.
far
so
162, p. 3078.
Years End. Oct. 31—
the
p.
kwh.
$3,648,475
January
Nunn-Bush Shoe Co. (&
1946,-
12,
Jan.
3.4% .—V.
that
Selling
income taxes
Number
:
,
of
Northwest Airlines, Inc.—Earnings—
Net
enlarge the telephone ;
order of importance is to
in
job
increase
an
ended
48;415,000
with
compared
as
year,
operating revenues-...,,..,.,...,.
Profit -after special reserve—
of the remaining unfilled -appl caUons,
lack of adequate central office equipment.
Such equipment is being installed at an ever-increasing rate and large
numbers of such deferred applications will be cleared progressively
during
the year, and we now expect that the great majority of
delayed applications now on ' hand will be cleared by the end of
.the
stated
: ;• a company.—V.
.
Total
to the
due
are
kwh.,
the week
Quarter Ended Sept. 30—
.
The ^majority
month.
T
.
for
company
;'7corresponding week last
_
program," Carl Whitmore, President, stated, "but Its full . development depends upon several basic essentials.
„„oUahimv
nf
new
."Fundamental to this whole program is the availability
capital -as .needad.
This depends, .of course, upon sufficient earnings
to continue to attract investment by the public in the business of the
Bdll Telephone System
"While .our .program includes many improvements and "new services,
our foremost 'job
is to catch up on the huge accumulation of some
344 000 sorders for *new service, on out waiting list on Dec. 31, 1945,
deferred because of the war shortages of equipment.
Most Of the
brders held -for lack of telephone instruments will be cleared within
however
of this
50,058,000
totaled
'
output
■„
Net sales of paint, enamel and other products in 1945 were
than 1944, L. Frank Pitts, President, announced. He
\ greater
Northern States Power Co. (Del.)—Weekly Output—
betterments
company's territory In
ew
service
Nu-Enamel Corp.—Sales Up 66%^ in.1945—
.;
r
•
.
f"Tire^^,cSifr0fpiSrix^^,1?eSiaeements,
«
.
Monday,. January 21, 1946
;'
•
a dividend of $1 per share has been declared on the common stock.
plant construction ;.,r pay able Feb. 1 to holders of record Jan. 8. A similar distribution was
''
^
'
*"
announced plans for a
15
TnvolvIng oS
program
.the
'
i-
THE COMMERCIAL & FINANCIAL CHRONICLE
316
and
/■
"i
;
i
1
.
19,897
,
LIIIZIIIIIZI"
■!
■
Trtfat'""
Total
are. the
program
,
Due
Spec.
5%
Capital
E j, whyatt, Vice-President and Treasurer, becomes
j
switchboard
office
can
''
e^e,i
-accommodate
a
number
of
replacement
program-7-the
interrupted
telephones with modern
in
^ fv, Lfvo
the.
ng
;
n
"<■}? Tbii;;corpi)ration
hand-crank
25,000
about
gecvetarv
Expansion
Places
—-
Prarik
purchased-
Rfefri^ration
Corp.
of
y
units, it is announced by Henri Sadacca, President.:
Acquisition of Refrigeration Corp. marks the second Step in Noma's
expansion- into
of
Noma Electric
oil,
Heatrola
makers .of
field.
whv„,.t
In
of
gas
coal
gas,
electric
and
and wood-fired
stoves and
!•-••
preferred shares of Estate stock
David Bertrand, Albert and Lucian
Kahn, descendants of the founders of The Estate Stove Co. and vhe
four principal stockholders, will obtain the majority of the stock.
"David
Kahn,
President and General Manager of Estate since
1924, will continue in office, as will other officers of the company.
e .policies
No changes are planned either in the management or In the..:
<which have made the Estate Stove Co one of America's leading names
ng
stove
in
'•
manufacture,"
Mr.
Sadacca
operating
•
(
revenues.,
will-continue . as:
He
'
,
'
,
•
.
1,315,094
$6,815,244
$582,229
543,925
'
Actual v"
-•^—-Pro Forma—
%
,1945
Operating revenues
Equip.,; maint. and garage cxp
$4,038,144
$3,644,076
1,001,172
953,267
.1944
-
6,372, 055
$3,560,607
7 283,427
surtax__„.^_„
184,000
Federal
excess
and
profits tax
returns.
a
Prov.
.
251,400
cviis.ioo
'Gross
Income
Net
.
'
,
income..—.
••199,234
Dividends
Net
-----
■
8,379
income...—
7
$324,512
$350,445
5,938
.
5,126
bus
sold
was
service
$330,450
3,184
3,184
30,622
$340,469
—
its
between
bus
dissolved
Inc., a subsidiary
Fort Worth and
equipment
on
Sept.
and
$327,265
$324,950
12,
company
Dallas,
rights
operating
1945.—V. 162,
Northeastern Water Co.
$355,572
p.
operating
interurban
The company
Texas.
on
May
28,
1945,
3078.
and
-.
•After
cludes
—
proximately 25,000 shares of $2 preferred stock (no par)
being reoffered at $41
to members of NASD.-*-V.
$561,754
:•*'
&
27,699
$1,112,044
24,441
.1,351
lV
275,423
7, $20,948
d7-7 15.830
$13,528
917
common
stock
common
share.il-—a--
a share, less
162, p. 3078.
a concession
'
■
' "
returns,
discounts,
162,
5'7
on
•
.
$175,095
$187,978
125,517
;
574,300
+368,000
;
,
■
.
■
approximately 89% of the out- : *;
preferred stock had been exchanged
preferred stock on a share for share basis.
2648.
p.
Col—Definitive Bonds—
first
ready
now
$38,269
15,000 7 7;;
2648.
'7.
^ *"'t.
i'
7""
1945,
26,157
1945 7*■
and
»;
..
State
taxes
income
on
-si*
Net
.
for
—V.. 163,
.
common
75.
p.
stock
surplus.
'fe.Sv'-
.3-e
;
and
$156,142
-
./
-
30,675
80,892
$0.62
$162,166
57,629
•
892,998
1,741,662
$3,369,064
7 Dr22,793
$3,190,523
Drl4,042
674,529
*
construction
tln-
the
$23,676 in
The
and
::7 427,500
T~
483,310-
$2;244j242
$1,932,668
property, plant and equipment (after
$472,918, and amortization, $178,485), $477,-
reserves,
$205,324; 7% preferred stock,
par). $202,230; capital
shares-no
$513,835; total,
$438,200; common stock (202,$271,627; earned sur¬
surplus.
$2,779,938—V. 162, p. 572.
Lii,
•
Fresldent. of
this
unit,
said
that
facilities
manufacture Fiberglas building insulation and
roofing materials, pipe wrap used for protection against underground
corrosion,
industrial insulation
and equipment insulation.
Part of
installed
be
the facilities
deferred charges, $20,522; total, $2,779,938.
LIABILITIES—Accounts payable, $806,309; accrued accts., $342,412;
230
purchase of a 35-acre industrial property in Kansas City, Kansas.
purchase was described as a major step In the Fiberglas expan¬
will
SEPT. 30, 1945
735;
plus.
v"u
Fiberglas Corp, has been notified that the Re¬
Corporation has accepted its $650,000 bid for
program.
Harold Boeschenstein.
credit of $33,000
credits, $38,649; claim for refund of prior year U. S. excess profits tax
under accelerated amortization provision of the Internal Revenue Code,
$951,229;
Finance
fine
glass
•
of
Fairfax.
of
a
*•
type
buildings
nr^a
and
done,
lr
to
planned for the Kansas plant will be used to manufacture
fibers
purposes.
Construction
Fiberglas
the
prooerty,
Kansas
of
engineers
at
developed
newly
on
>}.
will
for
a
which
wide
is
is
Citv.
Kansas,
start
construe ion
variety
of
located In the
only one-fifth
immediately
remainmc
to
to
revise
the
requirements
manufacturing operation contemplated.
Aau-pia. o.x i.quaes major engineering changes, Mr.
Boeschensfein
sa'd, because the buildings were planned and begun as an emergency
of
the
Rr>~
Fiberglas
—
Fiberglas
-"n—
manufacturing
plants
are
;
i v
7
I
77
760,501
sion
1944
$230,046; notes and acceptances—trade,
$37,528;
receivable (net), $992,228; post-war U. S. excess profits tax
for depreciation,
Owens-Corning
The
$0.65
;
$3,176,480
.
Owens-Illinois Glass Co.-—Unit Expands—
'80,892
)
f
$2,671,742
requirements..—
stock dividend
Balance
.457.233
2,891,000
$3,346,271
a—7777,-1-
income—
.
937,808
7'7
deductions—
Preferred
1944 i
2,765,100
.
Gross.' income_.7^_._7a7-.:27,-v--—
Income
•
; 1,512,855
£»*•>*• U
operating income._-_..-L.
income
(net)*—
Other
757,213
,7
7.
Utility
reconversion.
BALANCE SHEET,
,
5,883,093
6,933,918
::4:axes-v--76„.av*f-:7a-%7aaa
tlncludes $330,000 in 1944 and
in
1
''
$16,275,959 $15,056,510
Retirement reserve accruals
10,000
$25,939
,.t
Co.—Earnings—
Months Ended Nov. 3CP--
Federal
20,459
32,779
freight, allowances and excise taxes,
in
.
lor
General
$363,800
$0.95
accounts and notes,
inventories,
I
that
Maintenance
;
ASSETS—Cash,
reserves
V
;
'
first
Oklahoma Natural Gas
$32,200 in 1943. ^Special income credit (portion of reserve
for post-war contingencies utilized during period to absorb costs of post¬
accounts
\
115,348
mortgage 2%%7bonds, series due Feb. 1, 1975.
delivery in exchange for temporary bonds at The
Chase National Bank of the City of New York, N. Y.; The Continental Illinois National Bank & Trust Co.,
Chicago, HI., and The
First
National Bank
& Trust Co.,
Oklahoma City; Okla.—V.1 162,
1944 and
war
S
290,899
jt
,
12
Jan.
convertible
Definitive
are
-
232
$322,000 in 1943 for excess profits tax, after post-war
in
B
Co.—Exchange of Stocks—Unexchanged
announced
Oklahoma Gas & Electric
$556,657
4,832
91,004
on
provis." of
$32,000;
Secondary Offering—Stroud
Co., Inc., Philadelphia, has acquired a block of ap¬
which is
6,106
;,
14,739
$223,051
30.675
per
1943 for doubtful
;
$343,654
deductions.——
Motoreoaches,
$1,179,419
716,018
59.251
income....
oper.
new
V,
2.356
■
/
$800,933
^
profit..-:
—
on
preferred stock
NOTE—All figures have been adjusted to exclude the operations of
Texas
&
$335,274
(net)-^__
income
911
Dividends
239,085
71,578
$1,113,395
300,100
Crl21,700
1945—11 mos.—1944
$104,640
v;
;
$1,180,845
'.
•
1,426
119
$112,085
.
reserve
$961,329
-Earnings-
$104,759
.135:",
revenue.*1/
and
unexchanged 8% preferred stock was redeemed on Jan. X, 1946.
It was also announced that many holders of the outstanding 5,684
shares
of 7%
second
preferred stock also have surrendered their
7shares for new 5'%7 preferred..stock on a share for share basis.—
$554,301
$555,648
$800,022
270,909
Earnings
income
460,171
-310,070
•a
income
353,700
250,673
Operating
admin, expenses...
deductions..—.—..——7for est, U. S.'income and
Crl04,500
—
———
Depreciation
Other
for
$5,984,863
5,004,928
425,635
income..
Total
Other
$4,495,769
tAfter
1945
162,: p. 572
Operating \ revenues
5,343,771
1,515,407
;
filing of consolidated
Savings from
■
stock,—V;
in
Operation v—.7>.-a—7.#.7^77.
$6,359,590
operations.-7__.-l__
'Profit; from
Other
d-M
162, p. 3078.
12
1943
1945 "
880.611'
•
1,566,183
302,410
normal
,,h
V
.
'
7 $8,827,508
sales_7«'7a7.
and
83; 798
The
(
i; 5,689,313
,
.
""7,417.415
Sept. 30—
Sales—
gen.
.
1,166,754
$6,263,991
1944
:
7/
excess" profits taxes
;
7% Provision for tax contingencies^^#
Provision for post-war cohting.f..."
147,900 ; 7/ 159,000
^Special income credit___7..—17._ '7i:
1,715,412
Federal
tax
1945
expenses.^-.—..^
taxes____a—
-operating
tScll.,
$993,485
1945—Moiith-—1944
standing 2,555 shares of 8%
;
Norwalk Tire & Rubber Co.—Earnings—
di
Subs.)-—Earnings-^
12 Months Ended Nov. 30—
General
■
p
$628,673;
598,908
•
•Gross
of
$112,940
...
expenses
was
- *
Cost' of
common
8% Stock Redeemed--
—V,-162, p; 3078.
.
revenues
Ohio Leather
57,248
70,172
•
Other
—V.
.
$4,884,404 $57,287,279 $52,101,951
3,101.236 37.021,253
34,246,852
1,200.939
13,450.782
11,591,108
3,516,612
expenses
Years Ended
>:
450,000
1,311.700
438,165
r
77,384
;
1945'and $10,713 in 1944.
amortization
and
Net income
stated.
"000, an almost 100% increase over the company's previous peak sales
'record," Mr. Sadacca said.
'
"In order not to deplete our working capital, Noma has privately
sold
96,000 shares of common stock to provide the $2,000,000
for
the purchase pf Estate and to provide additional funds for the expan¬
sion of plant facilities."—V. 163, p. 196.
'
""
m"
North Texas Co. (&
;;;•' Net
■
5'"3
$5,460,379
income
Net
•
500,000
1,000,000
.
Western', region,' becomes
the
6,798
t,ftxes
-
•
Dr28,021
Opera ting taxes
$5,467; 177. $4,890,396 $57,357,451 $52,159,1"9
Net oper. income
anticipate Estate Stove sales in 1946 at approximately $12,000,-
-"We
-
0'nftt,at5n®
: v
v.: :>'■
;
:
438,165
$2,228 "shares of
Operating
n
•
„
Uncollectible oper. revoperating
,
$4,450,374
Operating
becomes
Hunter,
to Mr.
President,.
of
"Manager
oiierating revenues
announced that Noma paid $2,000,000 cash and 35,000
of. Noma common stock in exchange
for all common and
etc.
$100).
199,010
1,212,363
Uncollectible oper.' rev.^
;;
i
stock
1944.
Period End. Nov. 30_
space
adjusts.,
-
(par
:
Period End! Nov. 30—
Northwestern Bell Telephone |CO.-^-Earnings—)
^ 1945-Month-1944 > 1945-11 Mos.-1944
-
cooking ranges ;and
*hCMrn Sadacca
shares
the
to
thftt
,
„
Corp, bought the Estate Stove Coj of Ham-
manufacturers
Ohio,
ilton,
the durable consumer , goods
stock
surplus
Operating
91 the ®aStern re^Ion< "become8 E^t€vn'
^X^onartl Hoisted, Assistant Treasurer.' becomes Treasurer, succeed.J
'
„0sitinn—V
167
196
inS Mi. Whyatt in that position,—'V. 163, p. 196.
^
-
America,
conditioning
program
December
General
Judd,
Assistant
Executive
Assistant
and
Western Regional Vice-President,
'
has
Glotzbach,
Vice-President
post-war
Ohio Associated Telephone Co.-
i
49,700 t,
,
Counsel
General
and
C.
Linus
•
.
contlng.,
depreciation
in
the company iri "December. . • : ; ,. 7
.
V '
;
A. E. Floan, Secretary and General Counsel, becomes Vice-President, i
a.;
o
type^instruments—-has already been resumed
V. 163, p. 19b,
■
Privately-—
Stock
W"®8*
of exchanges.
Noma Electric Corp. -i~.Further
.
aitn
>
214,012
•After reserve of $8,665 in
for
Executive Vice-
75,000 are -served by the New York Telephone
president.
In this capacity, he will devote himself to general executive
Co.,;-represents an increase of •about ^4,000 ^during th<? past^
.duties covering all departments ot the .'company.;
years.
However, wrar conditions caused moie parties to be 1 laced on
Wv'-Fiske
Marshall, General Operations
Manager, becomes Vicema»\y lines that would be customary in liormal times,President-Operations,, succeeding George Gardner,: who resigned from
350,881
retire-
and
^ Total
.
t^l^ "tele-
^New York States present total ot about 425^000.
profit-sharing
stock
."►Treasury
;•?
$473,782
surplus
Earned
.
phones, of which some
$626,081
326,376
f/)
H/V! 55,993
'■
,
for
res.
income_„^.
on
cumulative preferred
Common
-
reports.
taxes
State
ten.
••"..v'fJ'
' '
for
fund
AA
$4,450,374, $4,495,769
(trade creditors "and others)
salaries, taxes,
Nunn-Bush
ment
.
...
to
'
'
wages,
Provision
.
.
payable
Accrued
''
1- 1
LIABILITIES—'
Accounts
asserted.
-*
"4 .
" r/>\v;,;*,:71
'■?
vAa,. 7
following:
'' ■
Mr. Hunter said he expects a final decision this year on Northwest
Extension of dial service so that
telephone users may dial^callS;^,; Airlines' bid for routes to Alaska and the Orient, from New York
/'6'ver wider areas, such: as between New . York City .-and adjacent, ftnd Chicago through the ' Twin... Cities* gateway*,and from Seattle/suburban points in New York State.•;7:v7fV'77''
''■ 7:-7.7717,777 .Tacoma*- Other decisions expected during the year would affect
Installations for the introduction of operator toll dialing -in the
applications for routes to Honolulu and between cities on or adjacent
larger cities of the State.
By this method, operators may dial calls , to the company's present route.
straight through to the called telephones, even across the continent,
Northwest has asked-for authority to fly to Alaska, Tokyo, Shanghai,
thus improving the seped, accuracy and dependability of the service,.' Hong Kong and Manila, and Mr. Hunter- said-service probably could
Development of mobile radiotelephone service in New York City
and vicinity to bring the advantages of two-way voice comrr
tlon to drivers of motor vehicles, such as doctors, ambulances,
ind service trucks.
Application to set up the -necessary equipment
Changes: in Personnel Announced—
"
is pending before thq Federal Communications Commission.
A new organizational plan,
which crfeates several new executive
'. The company Is taking part in building two new systems for multip0?iHons and affects the company's operations from coast to coast,
plying the numoer of long-distqnce channels for^-voxce 7 messages »nd \^ i>nE( been announced by Cioil Hunter, President, as a major step in
^or sound and television programs. -O11^ Pf.
: ia'
av
carrying out the airline's -1946 'expansion' programl-^i.';-:V'"
system between New York Citv and Boston for the cx-penmental u..e
plan, Mr. "Hunter explained, provides the company: with fives
of
microwave .transmission,:
• The
other is a coaxial cable network
:new Vice-Presidents, an Executive Vice-President - who fills a newly
from and through New York to the larger cities of the nation.
created position, and a new Treasurer.
It also sets up added respon-'
Work on the expansion and improvement ot rural
telephone ser- , sib^ities Kfor thoSe executives
Vr
- ■
;
Viee, interrupted by the war, is making progress, Mr. Whitmors,
'
the company's
projects on
special new
Among
"
'
located now in Ashton, R. I.;
;
> |
i Volurfte 163
Number
.
THE COMMERCIAL & FINANCIAL CHRONICLE
4457
317
V
Turlington, N.*' J;; Huntingdon,'Pa.;:: and Newark; Ohio.
;
in
Kansas
City
production
Tn<
-
of
Ttiitft
Janan
the
kapok
Navv
tor:.completion
materials
thte
'
•
expansion
p
facilities, ,and
late, summer
by
may. begin
Forces
was,
—'—
sites
were,
.
■
The
of
tfV
arftil. f
FiberclftS
DFOVidC
period
'
Collyer
Paramount
TTI^.
announced
has
ago,
Barney
been
"oc
•
ootlnir
ago.' -During
Jan.
will,
hp
fttlrpn
12,
much
niiAi-.'W
on"
taxes
Income charged to
income account
authorize
directors
vacancy on
p. 3197,
am
to
the
board
and
to
:f Peoples Druff Stores,
"J Period End. Dec.-. ^
Net
sales
of
common
.
'•/•.-
-During December, >1945,
^
;.
stocxytparAi);
^The vpurpose
-
.S6e
.
,<s? thx,; inc., aoove>-V,,lai, p.- 1776;.
company
has
r
announced
that'it
•
will: purchase
facilities
this year-2,000
$5 296 000
fill
members.—V.••
Inc.—Sales Higher—
: .' > • \
1945—MohtK-^-1944 "
1945—12 Mos.—1944
$4,443,154
$3,642,218 $36,159,104 $34,707,073
v&nd
December, 1944.
the
company
1
operated
7;» -.'7:
Dedffe-Corp.--Secondary Offering
'
for
•
.
-v
.
Blyth &
—
f'
.
the^pefsonal plane owner throughout a .territory
J.j.t '/ r
.comprising the states *,
V, ' .■'■ ^
\
of Illinois, J Indian a,-Missouri,
Kansas;, Iowa,: Nebraska and^^ approxi-« 'Philadelphia Electric
mately 'the* northern two-thirds of OhiO,-.
,.7.,, Co.-—-Weekly Output—
-.
- - 7,
- .,:
■
-nw.
- vNo
7,,• ,Ar
jc
underwriter or .dealer is, or-Will be;
■
,j.
employed.
The directors, haveended Jan
12
provided' th^t the entire' oiiering shall be first
1946 amounted te
& ot io.820.000
made the stockholders of'the. corporation of record
kwh.
or 7 8ft
from
(except Parks Air
corresnondlnir
>
V"'i63 ' n
College,:; Inc.) as of the effective date of the
*>31
>
»
e corres!>ondmg week of
of
.
••••
-
.;
help move a record volume of perishables.:? The volume ;
Is'expected to be-approximated :4^1'946.e'.r,;-*.i >" ^r:' i ^
^
All
American refrigerator;" cars have • been in a pool designed to V
? ; assure
equitable distribution amoqg shipiws.: The..number; of pool cars
has decreased 2,756 since Pearl Harbor because;
many old cars wore
.
-
.
to
,
n
,
owned,
21; 1945) ;om a basis* ofthree sharefe. for each
and to the stockholders of Park Air
the
of
as
same
date
College,
the
on
basis
of-X?5
shares
Shares
statement.
Inc.
for
-x.
,
t:;;
.
share-then
one
of
each
•...
.
.
-,,,
_
lfo 177000S0 S?C^a8
?he
registration
.(Dec.
.t
•
.
.
-
*
r*
.
railroad ref riff era tor* -cars-, at - a- cost of,$ 12,000,600. - The- company. ,
is -Jointly owned by'the-Union* Pacific?RB; and -Southern Pacific
Co....
-In- 1945 Pacific- Fruit.obtained
delivery,;of: 1,000 new cars;-, costing
new-
.
additional
the
to
development - of ^
!»
•; Offered 60,000 shares Of common.
.airplane;; which > "SIOCK- (par ?«5)" as a*
is a new enterprise for the corporation;
secondary' distribution at $39% a
The: corporation has a disshare.
Concession to dealers Was 50 cents a sharr"tributorship .contract for,; "Ercoupe" "and, has developed plans for -the ..r
V;162 V 2022
^
'
OU . cems a snare.—
sale-;& this airplane and the-establishment of servtce
<
■
-Tire
be-
increase
present:,
.
.
*
three
at
as
.type
\
;
/.
<Pacific Fruit Express Go.—-I»uys ^'.u'
rjquipment.' M
™
Phelps
of the issue is to finance the further
vsaleuS..and--Service *T>uslhes>^terthe personal
■
.
"
elect
the stockholders will
by-laws-to
six
.
shares
Phnnfiodrr Gontr(M—
the
from
1
a
\
..racitic rAfflHalMi inn
AiiJiiaies; inck
of
members
162,
of
Jan.'31,
amendment
nine
Service, Inc.—Stock Offered— t."1.v... "2, p. 3197.
^
and
the balance of such
With: the refinancing*.
connection
that,
rVRrlofi
-
in
.special meeting scheduied: for
to
of
1946
of
M*.
a
board
Presi-
member
a
At
4
asked
Acting Secretary of the corporation
as
ftrv
for
To Increase Directorate— .1
;
.<
retirement, effective
Secretary.
He became
26 -years
.
Collyer'has "served-
Mr.
rlnftna
-*
elected
Balaban,
the
Assistant
as
organization
provision
,..^j2®6'914 Tepreserttlhg
non-recurring charges
Torfher-member of the Securities and
Exchange
a
also
lowered
•
arising
J
.
Dl&teri8.1S/ tOT
directors
three
,
O'Brien;
Norman
the
—
..
TTa.nfea.a~ r?lt,V.
...
,
—i—ruv
'
-
c..,
.
.to; replace ; -Commission
who joined Paramount a year
and landing .rafts.
An $18 -—secretary;
He had been. special assistant to
authorized at that - time ?to provide ;
dent of. the-company.
•
■
tn- fhft
children ^between
Secretary Elected-
7 - -Robert H.
:glass^fibers
unmarried
age.^
,
jvjew
,
$till
selected in the- Kansas. City metropolitan area, the location having'- been, determined • largely > by tne
availability in that .area of special fuel gases required in
the^mrianufacturing process; .^Deliveries were to have .begun: in January. 1946.,
i
The • Navy ;■ suyyijr
supply contract' -was cancelled immediately, alter.
Day before conversion had/been started- on the two plants authorized
at, .that time by RFC.*,
.Plans for "expansion of.manufacturing lawn-
'
18.jrears of
,
;
were
and
in<lite:;Jackets
program
two
dependents^-wlves
and
months
that
so
there in early
^autumn. •
.planning to iixv&cie
with the Fiberglas Corporation, to supply, *■
Armed
contracted
flotation, bats
as
000000
,
scheduled
^iHion%oumteTmo^
a
•:
is
Fiberglas
1Q4V 'Whiifc
'
their
.for-
Construction
<f
leek
S-!
1J46.
-
....
^2;"
>;
rnilaaclplila Rapid Transit Co.—Partial
Redemption—
of : v;
ofunere have been called for
There nave
record
share
■
:
-■
'>••/ w
V'*1'
t*""'
•'
' 'Parks- Air.
College; .Inc.redemption on Feb
Feb.
1
1, next
,then-.owned<:<f-:'...-,";;.,»^..',,j:
—
r
next, $116,000
Co.* operates
Co:*
thcv largest refrigerator: neei -;:
the*
fleet - ;
The offering to the stockholders of
•l<-1££■'■ •=• V"*^' of collateral trust — gold, bonds,...due Feb.
'
-rne oiierfng
,5'/o.
Parks Air
_tne stocKnoiaers or parks .Air College, Inc. Is occa1,
1957.
at 105
College;Tnc is occa--,77
and
recently had 36,528 serviceable'cars in :the pool I7 v'sioned by the fact that Parks-Air
serviceable oars_ in . the pool
interest.; payment will be made at the. sioned
Parks Air College, Inc.-as a.
College,. Inc.-- as-.^
office of The- Pennsylvania
stockholder of
compared with 36,201 shortjy after7pearl Harbor.-r^V;,. 159; pu 1696.•
a
the corporation, would have been
Company for Insurances on Lives and
offered shares of the
'i-'
present
Granting Annuities
5j*-i'i' •>•''"
-I >V^. ?
: ^--^r V
trustee,
on the basis of 3-shares
offering;4;Philadelphia,. Pa.—V. 162 p. 3079
fori share of its
:
v
7
holding in the corporation ;
v
.
Pacific
Fruit
Express
Fruit7Express
-
-
•
-
••
•
*
-
•
'
•
'
■
■
in* the-wqtid. L-It
.
,
•
,
-
-
: JPaciflc
Telephone St-Telegraph Co.-—Plans to Expend
$400,000,000 Tor New Construction—
,1
4; "
Parks Air College,
'
■gr *
••An
expenditure
of
$400,000,000
for
construction
new
the .present"
: *.
of
.
"•'»
•.
Philadelphia &Western Ry. -Final Decree—
to
Inc.-ail shares
.
.
y'-
.
offering'-which would
A
final
..
'
••
decree
was
signed by Judge William H.
■
-1
Kirkpatrick, in the
u- s* District Court
Jan. 16... for the
of the corporation and
consummation of-the amended
of
Parks'Air,;;-plan of reorganization.-—V;.
Inc.*is7to remain open 30 days from the effective
162, p. 2684.
r,;
7
.date of
Co. and Bell Telephone Co. of Nevada.
"
In releasing-this unprecedented
- the-registration. statement.
At
the. time
of the ofiering to stock^;-;V'^'^)rogram;?Mr Powley stated*-1
*
7
-polders, the! employees Of- the -corporation- will
Philip MorrisCo
;V; -i
Ltd
Inc —Stock Offorod
simultaneously-; beV
-Our post-war program is the
^
rviurris «
inc.
01OCK Ulteiea—
largest we have ever undertaken for
<offered stock, subject to the same 30 day limitation
period and on the '
anv
vimilar
»iiy
period
and
it
' The company Is.offering to the holders
will
.UUUUJ,,. pci«UU
necessarily
™
require
extraordinary
condition that any part of the offering to
n,'"
v
of its ($3 par)
J
common
stockholders remains Un-; ; stock, rights to
Crtlri
amounts« of
new
capital. : The* consummation of this program will
subscribe to a maximum of
sold, requests fnv thek stock t/i lin flllnrl In fha order
for the
to be filled in the
149,883 shares of cumpreceived.: Offers'
JatiVC preferred of««lr
lative rn-oformrf
«1 CftC/.
r 1 result in increasing our
iT.
present plant investment by almost 50%—
stock. 3.60% Series, at the rale of 3/40ths of one
to both stockholders- and employees are to be
nontransferable. Thereshare of preferred stock
this
means
that
our
huge undertaking will bring our total plant-':: after any unsold sick
for; each- share of such common. stock -held;
may.., either be:sold to stockholders of Parks
Lehman Brothers and
investment
rhrouchout the Pacific Coast to an
amount
Glore, Forgan & Co.; are heading a
aggregating i
Air College, Inc. desifing inore^^ than their pro rata allotment
<
group pf
originally 4 underwriters which will purchase the
upwards of a^billioii dollars.
unsubscribed
-Made them,;or4nhy .be offered to'the general public.
stock. The new
- ;;" preferred>sttick
"The year 1946, as we
is. being offered ,to common
now. Visualize It, will tecord an- all-time!
*
stockholders at $loft r»er
CATTTALl2ATION~Corporation is authorized to Issue 1,000,000 •
high; expenditure of upwards of $90,000,000 for new
construction, <7 shares of
•"
»ya^av^ e'Vldencing the rights to subscribe *
capital stock (par $l),';;As6f
which, together with plant and "materials* reused, will result in
NovV 26, 1945, tltere were
War
;-v?
period
announced
was
Dec;
on
18
by
N.
R.
a
over
Powley,
v
(five-have been otherwrise offered
it.
This offer to the stockholders
President
.
.
,
..
,
,
.
...
...
.
V
—Ml
'
..
..e
o
1
-
-
,
,
fnnriKoT!!«n^rrtrfff,1^l"
-
:
plant addirions for the eyar of well
1/1
is
than
move
double
:
gross
'
$100,000,000,- This
over
the- 'e-timated71945
$50,000,000 and includes the following sizable
of;
for the major itemsi
sums
163,308
shared
expenditureoutstanding;
plant'-additions
gross
the
-
corporation
the
,
of
amount
of
stosk
common
10,968
shares
executed
of
which: 152,340 - shares
stock.
On
Dec.
20,
treasury
purchase'
a
$400,000
issued
bemg
for
note
money
balance
of
the
the
were
:
at
and
mortgage
purchase price
^envp?
cover
the
„„,i
I
hime
AAA
1946'
in
oi
of
tne
or
than
more
V' -V
ot
than",
more
'are*
are.
nign
200,000
circuit
central office
miles
toll
of
4.J distance
,kr;,wtbringing :this network to
o en!
more
thani 1.800,000
mlles--affive-fold increase since the pre-Pearl Harbor
days; A major
high light qf the program is the start in
1946
a
fhn
Angeles, of
our
part of.
nationwide
a
*
-
aa
system
will
,
transndt
television programs: as.4well
Extension of this cable to the
Northwest is
post-war program."
of
cables
telephone
"
46,834
a
'
V
-
of
TPcjcI^
income___
1 260 638' '
—V.
163
xne.
used
Louis, Mo.
-•
a
*
....
On Aug.
iaak
1,
AinKomo
and
.
-
f
and
Ohio.
Airport-
Til "•
'Iftf
'
-
'
AfflAAi*1'-
iii
states|
irtAQ f rirl
.
subsidiaries
7.1044
*
"1
of. Parks
Air
College.
Inc. ; -These
four
into
came
1
7
'The
company
Commission ,a
a
four
at
various
of
ion
Feb.
on
14,
*
\r>
Jah.
16
to
which
•
,
in¬
underwriters
.
$3,968,938.
•*r/>
•
-
\
*
-
--I
f
%' Debentures With SEC-
filed
with
the
Securities
and
Exchange
headed
after the
preferred stock. The proceeds
9,
the
1940,
.
loans
000- oa/--1"
orto 2%.-%
de¬
1, 1966. The debentures will be
sold through a
group
by Lehman Brothers and
Glore. Forgan & Co.
expiration of the rights to subscribe
Feb.
shortly
on-June
.
bank
registration.^,
registration^ statement covering -$15,000
bentures, due
were
existence
Inc.
•
The
company's' inventories
pdripd amounted
1,
$15,000,000 2%
Aeronautics, InCi
of
1939,-Mississippi;Tnstitute'7of;;Aeronautics;
for that
>
'•
,
companies
IS45?
31,
..
and? net income
1
/
;
Irmr^nv'f hani^ !!,
tho
Dec
new
fu-'rV^'V/
q
•
part
to finance the
dollar volume
from
mu.
-
,cach promoted by Oliver L. Parks and
times beginning with;Alabama Institute
1
"
,
; i:
the
principal executive office
known as Curtiss-Parks
' kt«o haU1
nf
of
as
in
in
(OdcaS S- Hl??SdSdS^nd!^
y,
—
•
merged
do'tmsinesito1
to
Its
(formerly
rpriiirfinn
$69,571,841 as of Sept.^ 30, 1944' to
RS of Oct.
31, 1945.
7
i i
preferred stock is
redeemable, otherwise than for the sinklng fund, at $103 per share for four
years and thereafter'the redemption nrice 8aoHap<j <rradimiiw until
Uon price declines
gradually until t; Lnnmm.- <m aa per .i.... mu«.
it becomes'$100
share. The pew
preferred stock is entitled to a
sinking fund, beginning with the fiscal
year commencing April
1, 1946, sufficient to redeem
annually, at $100
per share, 1%
of the maximum number
of shares theretofore
issued.
•Net sales of the
company were $185,299,150 for the iiscal
year ended
March 31. 1945, and net
Income for that
period amounted to $7,053,625.
For the seven months
ended Oct.
31, 1945, net sales were
$120,585,756,'
The
..
Cape
thn
$44,100,000
'$106,885,352
.
1945; Alabama
corporation, Mississippi
^o
for
from
the
sale
of
the
the
debentures
new
will
be
de-
outstanding
Aa' porc.es.' Eaeh,. in
18',097',525
11 939 205
rated
Us * locatdy,-operated
a/ flighttraining,fschool
exclusively devoted, to Gqvern-the= Government-contracts
of *
beginning in April, 1944-,. and completed by the
1944, terminated..the primary purpose for. which said
1945.
The balnnco of the proceeds from the
be applied'to the further reduction of
*
an^^the ,f,a^]itie5
each were -almost
"m,^tlvia1®®* " Fhe cance lation- of
a.I of the companies,
.
■
,
12 797 149
l',75l|608
196
I).
unaui-ieo,
stockliolclerfe of
warrants will expire
■
351
1 202 601
'99lio54
:
which;
messages
1945—11 MPs;
...
Net. oper.
income
to St.
Illinois,-Indiana
•is- at Parks Metropolitan
•
Net
rvei
-Aeronautics,.: Inc.; an Alabama
Aeronautics,. Inc., ^ Mississippi; corporation,
Aeronautics, Inc., a Missouri corporation,
of
of
'
20,000
-
Ul
; were
12,452,124; 10,958,039 132,221
rev.—
of
,
Institute
Institute
Operating revenues;.:
12,405,230
10,938,03.9 131,869,458 116,649,361
Operating expenses;
f8,607,096
6.978,948
89,112,954 "80,49^224 \*
..Operating taxes
,f. 2,537,497 $ 2,756,490
29,959,355
24.218,932
1
-
opec.
lUSVAUi/C
Mo., , wneenng twncago areai, An., inaianapoiis,
nur-siihspAiifnt-and Cleveiand. Ohio.
"
part of vm
oui
wo
qw
The
company, as it exists today, is the result of a
merger of
1945—Month—1944:;
$
$
revenues
mioouuu-
^m^oorpMatiM is°J?SmS"aUth0r,Zed
Missouri,
con
EARNINGS FOR NOVEMBER AND YEAR TO
DATE.
.Operating
Uncollect,.,
moved
Institute
oah
coaxial
as
:
.
7
.
long^;
of
$5,000,000
Rtfnetfnn i-i?AiArf in^uf^rnL
PAinrl
WvJr
.l7^rOj0C,V7-i^MGt'WCGri.'•■COlOrflo4^'i1,d#viVCr'v,
ui
was located at Sikeston, Mo,
The name of ;the corporation was
chanScd atah
to Parks Aircraft Sales & Service, Inc. on Feb. 28, 1945,
jt.«
and,
its registered nff iao mn™^
at
r /»,:<,
a«
office
lines; >i
and
Manic -
^ -a.ntl
activities
our
building projects; the addition of S
wire in exchange cable; the
addition;;:,
8,000,000,000 feet of
ii of switching equipment for more than.
270,000 .new;
addition
•»"inu
1
70
than
the
AAA
1
i.
annlied
Di'inciDallv
'v which
^amounted to
creased
j,.
exoenditures
broad field
con^iruotion.
aSn?hieh ^llehts
some
iignts
completion
:;,more
nnn
a
.
,7.
nnn
J«o
„
in •!
of
a-Ve-i
^
-as'" an' ■'
u.
A„
rvwir-^ri«
Thp
were
„,r,
undertaifS XVsp
'Tn
^
1
n
1945
162: .p; 31p7,-f!
>
* ;
7
sale
the
of-
debentiues, may ia parfc-;
company's bank loans.—V. ;
-
"
'
7
«ad of October,
companies had been ^organized and in, which, they had been engaged.
After the prune
"
rillSDUry Mlll'Si lliC.—-Sells Preferred
Stock Privately^
The company has
purpose terminated, it was determined that
arranged with Goldman, Sachs & Co.the lour
'
companies should be continued; but in a
1^
Wk nnn
completely new line of enP
^
"Opwood for the sale Of 25,000
dcavor, the sale and .service of aircraft, and that the
four companies " Snares Of $4
MshAuiri hA mernrprt into
should be merged into one
CUlTLUlatlve preferred Stock t6 the Norths*
company to carry out this new K.,cinA«« m
business.
western Mutual Life
Tne corporation is
Insurance Co. Upon the consumma¬
solely engaged in the development of* an airoraft
;,
tion of this
sale, which provides the company with more
than $2,500,000 additional
working capital, there is outstanding the entire authorized issue of
100,000 shares of
181864427
j
_
o
*V
Orders
a.
Fan- Ameircan Airways
Corp.
_
Stratocruisers—
'
a
—
.
.
.
n
Fleet of 20
mto
.
-
*
•
,
i
J,
-
cruisers,
':§:of the,
Stratocruiser
vh'Ah
;•
'
holds
the
transcontinental
speed
! era ft.
Tne
London
:
•-,
'
>
double-decked
and
Stratocruiser'
wiih
non-stop
for
is
express,);Stratocruisers with the
cruising
for example, provide
ltVa-hours service to
will,
and 33 minutes service
:
coast
to
coast
t-Ue*...teompany has applied
the
over
to
the
Aeronautics
i
In
•
in
120
days.
A
,
is
completion of the
anticipated
provided
Pan
;
officials;-
*bet>
a
Of./ ;:v-j.;present..lease'
larger
would
Los
use
expansion
•
program
agreement the airlines will
additional
2,000
building.—V. 163,
acres
xo credited in 1944.
a-as
expand
its
construct
a
completed.,
present
modern
'
;
Barney
;
(
the.
640-acre
passenger
site
?
,
Will
will be
•
;
available
be
mailed
4'.: ;
$4,187,638
..
^e5atl?g* cxPenses.
#other&taxes8
-:
Property retirement
terminal
of
to
;
The
distribu-,
each
of
.acquisition
i
:
Balaban,
President, on Jan. 14 announced that
$5,000,000
group insurance has been
presented without cost to
2,400 employees
this corporation, their
wives and children.
::*, :
*
•v-^This.amount, plus $3,000,000 of additional protection for
*on
the cooperative
employees
basis, makes the arrangement one
of the most*
;
important group insurance transactions
of the
year and one
of the
largest ever consummated
by a major motion picture
company.
The
combined plans;
of
Net
Other
■
,
584,762
r
^
'
Int.'on
;
,
underwritten by the
Equitable Life Assurance
the United
Society
States, became effective Dec,
20, 1945.
Every employee in the Paramount
home office, the
Coast
company's East
lnboiatoiies, exchanges and
branches, Mr.
of
Int.
The
under
event
the
of
free
death
plan
from
during hospital
or
disability,
and-a
,
during
and
surgical
one
an
of
-
fees,
Balaban
of
cause;
confinement
plus
maximum
any
$2,000
any
up
group
$6
to
additional
$150
for
disability,
also
fees
70
life
for
days
cost
one
room
for
for
or
and
each
other
more
provision.
to
said,
receives
insurance; payable
day for
amount
Similar
without
a
board
period
illness
charges,
operations
hospital
employees;; has
the
charges
of
hospital
surgical
for
in
charges'
been
made
261,768
chgd. to «construc._
3,206,667
3 ' 688 333-
Net
income
88,062
'
•
Cr922
Dividends applic.
::*In
1945,
in
the
connection
charges
to
two
with
were
aggregate
net
refinancing
made
to
amount
for
of
period
the
:
of
debt
$5,451,614
prepayment fee and duplicate interest in
amortized balance of premium: realized
representing
the
at
In
October,
and expense
offsetting
debt
discount
refunded
date
of
.
benefit
l"f..'
01:
these
call
'•
i-
.
•
n
less
reflected
u ' ■*: i-. i
-
in
*■
.
'
.
.
A
14
conditionally
approved
the
the
independent trus-'i:
reorganization, of.the
Company
Act.;; The C'om-
owned
Electric
Interurban,
by Fepco, broken down as follows;
Co., $31,000,000; Portland Traction Co.,
$1,000,000.
plan
approved by the Commission. Peoco would
would sell to Portland Traction its Interurban
be
,
,
;;
dis-» .;
railway
and other assets for $1,250,000 in cash.
Traction would
approximately 469,000 additional shares of common to make
total
of
600,000
shares
stock liability.
without,
however,
increase
any
.
The
holders
accrued
25
*
The
-
The
of
of
interest;
holders of
Hie
and
1934
$220
Traction
all
3.2
holders
of
bonds
would
in cash,
common
41.5
receive
for
shares of
stock.
,-
-
total
"*''■•
the follow¬
.
each
FGE
its
$1,000
bond
common
stock
,
the
1937 bonds would receive per $1,000 bond and
$2">0 in cash: 35.5 shares of PGE common
stock and
Traction
stock -and
common
.
the
interest:
shares
accrued
of
of
holders
21.3 shares of
.
in
^
-
present security holders of Pepco would be accorded
full satisfaction of their claims:
and
un¬
the
$2,594,444.$2,594,444.-^V; 162,
'
..
Yi
properties
and
the
and
;
premium,
debt
the
General
Pepco
The
expense
issuance-thereof.
of
<
ing treatment in
October, ;:
deductions
"2
■'
._
I
Jan.
on
on
•capital
3,837,992
in
and
the company charged, amortization of debt discount
(included in other interest and deductions) with
$4,164,700,
estimated
.
the Guaranty Trust Co, of New York, indenture
trustee,.;
reaching its decision; the Commission placed a valuation of $38,-
issue
a
Cr9,714
1945,
the
_
properties
$5,554,846
3,837,992
long-term
<1
by
Under
.
unamortized
notes outstanding
notes: putstanding
'
.
ri
J
$6,500,000,
1,102,086
$5,043,007
'
mission had before it five plans, three of which were submitted by
the;
independent trustees for the company which is in
reorganization, arid
In
*5,400,677
-V Cr 19,191
$438,264
_
.
SEC
solved.
:
$360,605
preferred stocks
.
Portland
Cr2,541
&
'
♦
1944, from April 30, 1949, to Jan. 31,-
,
•
.
-
.'
'
AI
Oil C0.~-Efiters Into New Loan Agreement
7448 450
$905,921 $14,973,570 $11,213,418
273,642
3,271,827
3,283,700
106,875
1,277,250
1,282,500
6,167
*
*
„
Guaranty Trust Co; of New York providing for the borrow¬
additional $840,000 and the extension
of the maturity date
41
$899,538 $14,866,437 $11,139,566
6,383
107,133
"
73,852
7___t_7 $4,976,612
.
proved by SEC-
1,440,562
"101,625
""4,255,155
int.
.
^ tees' second alternative amended plan for
707*461:7company under the Public Utility Holding
!
1'
311,667
$4,970,445;
deductions
Other
.
.Portland Electric Tower Co.—Reorganization PlanAp-.
7
3,543,658
1,460,476
,
mortgage bonds
debenture bds.^
.
.
|
'
.
1945—12 Mos.—1944
144,056
(net)
Gross income
on
.
p. 2080.
-
of
Int.
n
through the issuance of two new. notes
and $480,000, due Jan. 31, 1950, and Jan.
$480,000.
31.
31, 1951 .respec31,-1951,
^Interest on all notes is at the rat'e of 2V2% a
Interest on all notes
2Va%
year.:,
year
As of
"
.
plant
revenues.lt
income
.
7 Nov. 30, the company had
Nov. 30,;
company
\
,"s
adjusts.__
oper,
,
$840,000 Was borrowed
-
the-,-. tively;,
the^tively;;
■
:v.7,- :
res.;,
258,333
electric
3198:
p.
of
distribu-,^ ,-of $360,000
139,993
Cr67144
an
500,000
-
.
on^l20,000 note dated Nov. 22,
1
7
for
$4,222,305 $51,702,930 $50,834,686
2,286,345
27,185,130 ' 26,850,876
f
4,
"
ing of
mas
1945—Month—1944
the
with
transactions
*
revenues
7^
1944.
security
-
:. Period End. Oct. 31-
Operating
,
Flymoi
Plymouth
1945,
f!n.
7-rPennsylvania Power & Light Co.—Earnings—
F.nrnincfc
'.
by'
Group Insurance*
of
of
of.
as compared with $572,000
■,
.
under
7-
on
in 1945
,
appropriation
Paramount Pictures
Inc.—$5,000,000
Presented to Employees—•
end
1**"
'
Amort,
;
^urplus^
>
the
linesaround.the end of .--February, 97,000 stockh?lders.-^yv162f p. 3197. ;r-:
the
use
;
at
were, profits
hich will
which -will
for
„
will
and
8
..
ma
f!?
230;7::-:
p.
^ISTi $1'63$b°2?
/^-27
' ^.21
—".945
faemties'.within-The annual report: for the year 1945
five
intermediate terminal
provided for in a
$12,500,000
project by the citizens of Los
Angeles.
citizens"of"LorAngeles7-'
securing an additional
an
$12,500,000 from the
The city anticipates
FederalGovernment and
an
the
1nft
.
*—
there
162,
t
io.t
and
held bjKthe public; at-the end
addition,
United, Western; Amer-"
Angeles Airport as a base, if 7"
While,-the city undertakes the expansion
hnnri lKS,lfi
;7; bond issue rerentlv vni.pH fnr fh^
recently voted for the
:'7
of
See also V.
.
and
ex»
exp.
stock.
Pioneer Telephone Co,
Co.—Calls Bonds for Payment—.
All of thef
outstandihg collateral trust Income 4% and 4'/a%
bonds,
due July 1, 1955, were recently called for redemption on ;Jah. 1, 1946,
atilOO :,and: interest.,i; Payment is being; made .at Jhe First National
Bank & Trust Co., trustee, Minneapolis, Minn.~-V; 132, p.; 4056;
.
ihare7:7::
compared with 6,131,100 so held
NOTE—In
service
American,
that
-v;,4cahp an4;T\VA-airlines
and
■ after
inves-.ments after
rest )
?Thm%^
as
intermediate
new
operations
the company's preferred
Ot
:"r*
,
,
fronTinves^ments
income
.iS
Airport
daily
ot"°r
..
1
be^' moved :te The ^s AmSS Ai?S^t
1943 lease
will
,
for
It
tor
r.
.
;. Contracts'call
V
"
taxes
November,
company
4
and
*
Ne^
route
Board.
anticipation of expansion of Pan
American's commercial
Los Angeles, leases have
just been signed by
*
'
mail*
transcontinental
PA A
Ercoupe
p. 2822.
mph.(The)2:Pennroad Corp^-^wuxa^u
rp#
Estimated uoimugir-v!
Earnings
•
'
*
*
hours
*
New Lease
Signed for L. A.
;
;,.r.from
planes.—V. 162,
ito Mi'totS.S
airplane owners; and for the connected
airplane parts and accessories' for 'tlie
;;
'
baggage,
Civil
for
f:
York-f
New
speed
of
340
London and 8
Y1!1 bb d®hvered -to
7
engines.
Army-; transport
types of air-
all
capable of flying
complement of passengers,
lull
a
record
common.
prior preference stock
accrued
shares
first
and
unpaid
of. Traction
would "receive
dividends:
5.33
for
each
shares
or
share
PGE
common.
^preferred stock would; receive-, for
each share
-
THE COMMERCIAL & FINANCIAL CHRONICLE
318
end
all
eind
0.125
'
Traction common.
share of
to submission'
with the' Court
the
162. p.
2683.
'
.
Potomac Edison Co.
that
of
Feb,
have
and
price
of
and
material
savings
$4,500,000.
facilities.—V.
said
the
the
stock, subject to >
company's. 7% and 6%vpreferred stocks to take such shares under the exchange f
offer of the company. The stock is priced to the public /
other
difficulties
major
Blodget, Inc.;
Trust
costs
in
for
Federal
in
163,
company
Jan 14. awarded 63.784 shares,
banking group led jointly by W.
on
investment
an
-will
be offered to; the
■
operations
public,
*
.
winning bid was 100.159
£1: ^3.60'/rKidder, Peabody & Co. bid 100.09. also for a
dividend.
3.60'-!? dividend,.
The
have
which
nolds
,
will
-
out.
the
to
X
.
ingot capacity of the Jones
165,000,000 annual capaoity
joint
plants at Listerhill
annual
pre-war
and at
Longview, Wash.,
ingot capacity roughly equal to threeingot capacity of the nation, Mis Rey*
.
It also
Haiti, sufficient to
own. bauxite mines in. Arkansas, adjacent to
has extensive bauxite concessions in
Jamaica
for-, its needs for many years,;
;
s
care
V1
are" under w»y fo1' increasing substantially the capacity of?:?
the company's aluminum rolling mills in Alabama and Louisville, Ky,
'
i. Plans
-
/•
//-///V/X/X-a/X/XX
/>
entire
Hurricane. Creek.
„
taxes,
and
the
expenditure*, of
improvements
to
and expansion I? of
for
X,'./'/
110,
pointed
total
a
the
of
The company has its
_
power,
own. reduction
Reynolds
fourths
added
Other
T?P0-i«stpr<! With
Itecisiers■ yy.lWL.OJiiU
outstanding 5% convertible sinking
have been called for redemption
interest.
Co.
of.
are
which
Payment will be made at The Marine * Midland
York, trustee, 120 Broadway, New York, N./Y.
into class
A common
stock' at
the rate
New
for
will
being,
double
produced.
existing
furniture,
Construction
capacity
of
is
toys
under
aluminum
paint. ■
Reynolds said,
aluminum
more
other
and
currently
way
powder
and- paste
aluminum
Mr.
convertible
are
substantial quantities of aluminum
products
fund; debentures due
Feb. ll,*next, at
on
.
Reynolds
than
at
any
already has on
during the
its
time
books
orders
•?
for
war,
.
•
0^ the 5% debentures.-
.
'/
(
/
Receives Bank Loan—
i-fii.
it
.
t
..
:
*
-
'a
V\
has ever been sold before.—-V; 162,
.
.
.
.
•' "'i
*
m
The
»
*
•
,
and
off
pay
Feb.
on
debentures
fund
11,
due
1946,
Dec.
1,
Harrl-v
rht
the outstanding 5','* Convertible sinking.
1956,
^
*
*
araliittct
'
« **
*1"
SAnnrifiPc
YW#*
"
Interest-end discount
Xnc.
/ F.
\
-VV-'■
"
domestic corps
V'
Subs.) —Earnings—
Ml
1945—3 Mob.—1944
' 1945—6 Mos —1944 ¥
$25,329,463 $32,001,354. $58,324,915. $66,361,354
60,215
46,018
115,533
:
86.711
Divs. from partly-owned
;
,
p. 2990.
.
"H AtMfin4V^A<n
V..'!'
Corporation on Jan. 12 announced consummation ,of a seven-^
Remingtoa Rand,,
year-term loan in the amount, of $600,000 with the Marines Midland tMtf period End.
Sept. 30—
Trust Co. of New York,-the proceeds of which will be used, to redeem
.*Net sal^s.
■
M
.
in ,1946
.
..
,
gives
income
1946
p.
electric
which
plant,
of Reynolds'
uncertainties J,
and
purchased
fair, price..
a
including more
of $7 principal amount of debentures for each class A common share.
than 70,000,000 pounds of the corrugated aluminum
roofing and buiidThis, conversion privilege
will expire
at the close1; of busmess on ^ ing • sheet now in production in Alabama.
fx This - sheet program, he
Feb,
1, 1946.
'
' »
if • - J
pointed, out; will help, alleviate the shnrtape
"
'
pointed out, will hell) alleviate the shortage of materials for the
buildr
Immediate
payment of- the full-redemption price, : plus accrued
lng industry. The sheet, made largely of battle
scrap, is being sold aU
interest to Feb
11, 1946, will be made upon presentation and- surrender r / Pnce 44% 'below that;
at which this highly corrosion-resistant sheet
rot preferred stock
t ,co.
C. Langley &/
/X ;///
/://
X;/
The
winning group will first offer the new shares to holder^ of.
Potomac 7-% and 6%
stocks at 101%.
Unexchanged shares, if jiny
the First Boston Corp.
the
1956,
Debentures
Awards New Preferred Stock—
and
of
1,
and
101
Allyn & Co., Inc.; Equitable Securities Corp.;/.
Hemphill, Noyes & Co.; W E. Hutton & Co.; Merrill,
Lynch, Pierce Fenner & Beane, and Hornblower : & u
Weeks.- '-' '///;-;•/ / :J-;/:;// ///
to
and
at
T.»,Ti^e 1^'000,000-pound annual aluminum
reduction
Mill
the
declaring
at Troutdale, Ore., and
Spokane( Wash,—
independent—now can be certain of a steady
another
or
addition,
All
Dec.
C.
The
30
Reynolds
.
.
' ///
underwriting group are Gold¬
Sachs & Co.; Stone & Webster and
man,
record /'
cents Z
of
of
it
supply of alumina
plans are well advanced for increasing 10-fold
Reynolds' produc'tion of aluminum foil, vital for the
packaging
/X'jWi.' *«". "ie pacsaging of many and varied
products, ranging from cigar<dtes and food to-machinery parts. </ X
The- company on" Jan. -14 registered
1,000,000 shares Of beneficial/ /Jfo
aluminum utensil field Reynolds has already become a leader,
interest with the SEC.
Mr,.Reynolds pointed out,
Futnam Fund Distributors, Inc.,- is named
About two weeks ago it took over, the plants
of
Aluminum Products
principal underwriter,—V. 162, p. 2685. /•:;/!'
Co., makers of the famous Lifetime line of
*•.-V:t*'■'!;'•
i'
waterless
cooking utensils.
Its own
fabricating plants in Louisville
have shipped more than 2,000,000
cooking utensils since Sept. 15.
Railroad Employees! Corp.—Galls Debentures—
In
8.60% cumulative preferred ($100 par)-
A.
in
directors
(George) Putnam Fund of Boston-
prior rights of holders of the
.
rate
on
following:--.V'"/'X/ZZ/'/t
,
dividend,
share
per
holders
the
at
beset national industrial conversion
production of materials and goods;, higher
about
group headed by W. C. Langley & Co. and The |
Boston Corp. on Jan. 18. offered 63,784 shares or -;,
at $101.75 per share and
Other members in the
.to
15
been
cents
25
presently
labor
A.£
—
payable
President,
cognizance
offset
Preferred Stock Offered
—
$10,
disbursements
McLaughlin,
labor,
dividend
a
//r>,///'.,// 'v;/,•/■//;
,
took
retarded
;//'/;/:/ :;////X/7%
declared
par
Previous
Frank
The
banking
First
quarter.
dividend
Electric or Portland Tractlon. Tn j
would obviate a delay in the event that market, conditions fnafto it
advisable in the opinion of the trustees to sell the common stocks of
PGE or Traction instead of distributing them a3 presently proposed.—
V.
24.
stock of Portland General
common
have
stock,
each
tlie most important of them
be
directors
common
Jan.
themselves the
the plan to apply
of the sale °f the
to the consummation of
Commission for approve
at any time prior
Court and to the
the
to
The
,nn
Commission
vight,
Puget Sound Power & Light Co.—Reduces Dividend—
shares of PGE common
0.23
dividends:
unpaid
and
accrued
imposed a requirement that PJ»pr
of the plan to the District Court the trustees shall file
and with the Commission an amendment reserving to
The
r; Monday, January 21, 1946
\
•.
286,790
*
—
niCOme
-
,i
*
54,890
.
109,007
378,724
-293,935
232,173
109,605
412,679
! income
ome
$25,785,475 $32,334,434 $59,113,1Q8 $66,970,350
?s
.
*
of 7^ preferred stock
"
*
Dec. 31,'45 Nov. 30,'45 Dei, 31/44 '
;
* ,
Cost .of salef inch costs
st-plus-fixedend 34,602 shares of 6'f
preferred stock are given thp right to exPer $100 bond
$284.07
$28382
$255.19
-!r!r'?? v
^
46,705,217
change, on a share for sharebasisi for. shares of .the new cumulative
Per-preferred share—348.35
•
34T.88
293.69
ree coutrects
-.,634,71a ^2,042,040 .37,850,611
preferred stocks ^ The offer cf 'exclmnge provides, for a cashi payPer common; share
J
32.18
32.11
25.09
'
Sea., adnu ec gen. expp.
6,097,276
5,5Ju,0l4 12,031,094 10,595,523
ment per share equal to the difference be^een fhe price hei-shar to be
—V. 162, p, 3199.
i
Deprec. & amortiz. or
1396,958
paid to; Potomac by the upderwriters for the unexchanged shares of ^
363,431
z-%%'4
S;?
^ properties ^; >; 198,242 181,781
new
cumulative preferred stock and the redemption price applicable ;
;!;; Reeves-Ely Laboratories, JllC.—Acquired-— i »<.
«
& amortiz, of costS;SgA|;;
to the preferred stock exchanged. ; : The 7%
& exps. on debs.T/ </ 179,221 "
preferred stock is re-^
139,862.'':- 360,192
/ 281,475
See Claude Neon Lights, Inc. above—V.
'iW
163/ £>/ 2686/
<5eemable at $115 per share plus dividends, and the 6% preferred stock
Exps, of, props, not; used, is redeemable at $110 per share plus dividends.
All outstanding pre-i vV
; in operations
11,628
18,000.
41,081
33,000
Reliance Electric & Engineering; Go.—Registers Stocks
ferred stock not exchanged will be redeemed op May 1, 1946..
fU. S. & foreign income'7
V
Potomac Light & Power Co., a direct subsidiary of Potomac Edison '■■■■■
Th% company on Jan.
14 filed
a
registration. statement with.
&exe,prof.taxes (est.)
2,442,217
3,098,113
5,802,332
6,391,34$
Co., proposes to redeem on Aug. 1, 1946 all of its, outstanding ,6% »,
the SEC for 30,000 shares of convertible preferred,
stock, the ;divl«>
'
.
;■
"".
cumulative preferred stock consisting of 3,500 shares (par $.100), which t':
dend rate to be filed by amendment and an indeterminate
number of>•
Not income
$1,262,175: $1,259,625
$2,630,842 $2,600,356
is redeemable at par,- At the present time 2,178 shares of this pre-1. } common shares which were
reserved fpr issuance upon conversion of v
.
--"Including billable costs and fees under cost-plus-fixed fee contract.
ferred
stock are
owned by the
public (the sole public interest In
inits $5 convertible preferred and which were not required for such //
tlncluding. U. & excess profits taxes of $4,858,000 and $5,614,000 in
Xight) and 1,322 shares are ovvned by .Potomac,. In;connection with
purpose.
'
six months ended Sept. 30, 1945 and 1944,- respectively,
the
proposed redemption by Light, Potomac proposes to transfer- to.
.Tne price, to the public on the preferred and
common., shares
to
Light in exchange for 10,500 shares of new common (par $100) $700,be offered by underwriters will- be filed- by amendment/ -The shares filed by. amendment,"
The
CONSOLIDATED BALANCE SHEET, SEPT. 30
—
lioidersTf The ouUtanding 29.182" shares
The
,
.
.
•
<non^_
Wfi:
.
„
000 of. the indebtedness
of Light;;
ferred stock In Light and.
$217,800
aU of Potomac's; holdings of pre-
^
in cash,—y. 163, p. 231.
•
—
Pratt's Fresh Frozen Foods, Lie.—Registers With SEC
Company
?T,
Jan.
on
filed
16
covering 450,000 shares
purchase warrants each
R,
H.
Johnson
underwriting
et $6
each.
&
with
($1
for
Co.
the
par)
share
one
listed
was
SEC
of
in
and
S
such purpose.
The statement says the company called for
on
Feb.. 1, 1946, all of its outstanding $5 convertible
redemption.
preferred, of.
statement
stock-
120,000
* ./
•
which
stock.
common
the
which will offer the"
group
registration
a
stock
common
of.
to be offered are the
of, common stock to; be: offere J are the shares of common stock to
stock to
ASSETS-—/
ASSETS^
1945
1944
i//
be purchased by certain of the underwriters at $21 per share and are •
$18,021,394k $20,341,915
and. are / *,Castt
^Caih
the shares which were reserved for issuance upon the conversion of"
U. S. excess profits tax refund bonds_»«a/—
l,678,58f
1,678,582
the $5. convertible preferred stock and which were-not
required for ; Accounts and drafts receivable (net)
1*—*
15,822,655
15,007,804
,
prospectus
head
as
of-
1946,
shares to tha public :
common
Oct.
on
an
6,500
31,
to
/shares
••
1945;
convert
of
Steel Gar Co.,
Inc.
will
Kuhn, Loeb & Co., on Jan. 16 effected a secondary dis-|
tribution of 58,000 shares of common stock (pap $1) at a
fixed price of $26 Ys per share.
Dealer's discount 500.—-//
V. 163, p.. 231. /
ichinery
chase
,
and
of
(1)
1946,
contract.
frame
<
Hayden,
company's
convertible
record
Feb.
8.
161,
Previously,
of
20
cents
the
used
•
the
'*
•
>
by
Miller &
Co,;
company
''//;*■
Hawley.
1
under
Goodwill,
with
filed
SEC
Co.;
S—
LIABILITIES—
& Co.,." /Bank loans
Trade
Republic^ Industries, Inc»—To Be Acquired—
:
Accrued
purchase
■unsubscribed
ehaer
en
of
block
a
intial
and
company
of
the
offering
would be
portion
and
common
stock
syndicate
Thorndike, Inc.
&
Proceeds
from
the
sale
to
Reports
■
•
to
the
the
and
negotiations
of
mately
President of the;,
employees, "Any v
public
in
units
of
one
involving
the
sale
of
of this
several
■J
used
:
f
by the
company to finance
the opening of additional stores, repayment of bank
loans, and modern¬
ization of existing stores.
,
'
Company, incorporated
office
in
New
subsidiaries
dren's
and
are
stores
seven
are
expected
to
be
opend
by
May
31,
Public Service Corp, of New Jersey ($ .Subs.)12 Months Ended Dec. 31—
(corp. and subs.)^-^
revenues
—
and
retirement
taxes
Federal
profits
taxes
,
Other taxes--.
Balance
//.r, : „///;■ -
.
on
bonds,
prov.
reserves,
Service
Electric
Ne income
—
Corp.
preferred
Corp.
common
Balance
-V.
162,
and
Gas
dividends
——-/
p.
—
336,529
station
the
on
Arthur
Kill
in
a
Sewaren,
N.
J.
to
The
new
162,
nolds'
are
scheduled
to
go
into operation late in
■
(..
for
a
agreement
'
...
two
plants
-
immediately,
and -the: Aluminum
an
the.
use
on
output
Creek's
-
thq
of
Co.
Recon-,
America
-
lease
,
is
..
/
the
week
an
on
at
a
extension
by acquisition of Hurricane Creek will increase
Listerhill;
Ala.,
gives 'it
straight
•
commercial-basis,
half
nearly
capacity.
the
ended
operating companies
Jan.
12,
1946,
totaled
compared
with
209.241,000" kwh.
for
the
year, a decrease of 7.0%.—V.. 163, p. 231.
'
served
by
c
with
of
the.,
///,,///•
no
Government-
corresponding
kwh.,
week
•
The lease runs.,.for five'years and con- "
and a, purchase option.
Under its terms/;,
for the five-year period which will range
of
all
$6,000,000
taxes
and
to
a
maximum
insurance
of
to
last
all
assures
>
5,400,000
13,351,000
2,561,873
1,922,718,
4,875,374
15,566,477
debentures———
fund debentures
par)
stock ($25
($1 par)
^
•
13,7~8LOOO
3,776,875
1,831,393
,
7,336,536
:
14,262,623
14,
/•-. r
:-k:
'1
tion
—
$71,488,064, $72,303,054
$71,488,064;«7$;
Sept, 30, 1945 and $17.6,132 Sept, 30, 1944
U, S. Government contracts.—.Vf 162, p. 3199.
\
to
use
on
J.)
The/
furnish all.
charges; will
at cost plus 6%.
This phase of the lease agreement.,
future operation of the Government-owned aluminum reduc-.-.
comers,
plants in Washington and Oregon,
The operator of these plants—
Gas,^ Electric Corp.-
-Partial; Redemption— /;
called for redemption on Feb. 1.5, next,
shares of its. 4%' preferred stock, series F' (formerly designated
series D 6%
preferred or series E 5% preferred) at $105 perand dividends.
Payment will be made at Lincoln Rochester
The
Go,,:
corporation has
/183» East/Main
^
Inc.—Sales—
1945-r-Month—1944 // 1945—12 Mps.- -1944
$2,197,922 $13,005,330 $12,445,382
Period End- Pec. 31—
Saies :
—V.
,///;
r*
^
-Rose's 5, 10"& 25-Cent Stores,
/
29,520
either
share
Trust
St;; Rochester, N. XM;There, are/outstanding
See also V. 163, p. 111. '
*
' i
149,520 of these shares.
:
$2,335,981
162.
P.
'
2990.
/
Rotary Electric Steel: Co.—Forms New Subsidiary—
•;%, d, Devlin, President, on Jan. -15 announced formation of
wholly-owned subsidiary
know.n as
Stainless Products(
Inc.-
a
This sub-
sidiarj', which will operate; in a olant recently acauired. in Elizabeth,
N. J., will produce stainless, monel, nickel and special alloy-containers,
retorts,
the
as
vessels,
pressure
chemical,
The
$12,000,000.
assume all losses, if any,,
/
■'
The company guarantees to sell alumina, in excess of. its own needs,,
as
*
pay
rental
W.orking capital and
this corpora¬
194,511,000
will
clause
pay. a
minimum
a
company
Engineering & Service Corp.—Output—
185,115/.'
■
$1,758,430.
Rochester
/
,
capacity almost e.ight-fold./>/
tremendous productive capacity of 1,555,000,000,:
with the; 200,000,000. a year capacity of Rey-„,
alumina
i
processes
along
plant>
total
Reynolds will
of
163-.336
2,727,297
*m
600,000
the
of. patented
powder production capacity.;
year,
own
The
tains
1948.
2023.
Public Utility
tion
-■"/
the
over
Corporation
subsidy of any sort involved.
facilities
p.
718 767
Reynolds Tobacco Co.—Special Offering—A
special offering of 10,000 shares of class B common stock
(par $10) was made on the New York Stock Exchange
Jan. 14 by Lehman Brothers and Glore, Forgan & Co. /
The stock, offered at $41 lk, per share, with a commission
of 45 cents, was sold in the elapsed time of 41 minutes,
There were 88, purchases by 38 firms; 1,000 was the larg- |
est trade, 10 the smallest.—V. 162, p, 500;
/.•••://
,
(R.
expansion program on; many", other fronts, remodeling rolling"
increase production; setting up new plants/to. turn out corru¬
aluminum sheet and adding substantially.: to its aluminum foil,
nation's
from
Electric
on
Hurricane
v
generating,
cost approximately-
689 656
185.334
176,938
'
-
restricted
to
pounds
$23,000,000.
—V.
■
100,000-kilowatt
new
"
Capital surplus /,
Earned surplus,
•Including
reduction
Run, Mich.
the Reynolds company,
fits alumina production
i
plans to construct
stock
I 5,250,000
2,726,979
notI,
•
/,
Under the terms of a lease,
signed witi) the RFC with approval of
the Surplus Property Administrator and
Attorney General Tom Clark,V
2952,
company
aluminum
takes
Finance
and. aluminum
5,503jl93
Public Service Electric & Gas Co.—Expansionr—
The
mills
9,850,936
1,191,271
;
exchange
*
,
,
not
extensive
gated
4,952,874
—„
company
Government
15,690,658
9,850,936
-
,
1
etc
fluctuations————
3%%: sinking
Common
royalties to be paid Alcoa by the,
owned by Alcoa which/
were
installed in the Hurricane Creek plant: at the time of its
con-/
struction,
The reaching of this; agreement removed the final obstacle
in the way of turning over these plants to the. Reynolds company,
/
In addition tQ obtaining these essential Government
plants which,
are now
idle, Mr. Reynolds stated his company is carrying forward its;
•
1,501,127:
15,995,081
—
dividends——-
stock
1,501,127
;
12,587,067
3,000,000
Withl" year
Insurance,
preferred
$4.50
862,093
/
10,205,515
contracts//:
Govt,
S.
fund
sinking
15-year
.
946,049
.contingencies
3
President, on Jan. 10 announced that this company
arrangements/,? for
leasing - the / Government-owned.
Ark., alumina plant* the, world's largest, and the
Creek,
having-reached
•
13,121,015
Co.)—;—
Reynolds,
of Willow
The
30,312,800,
13,49.7,125
etc.—
U.
on
P,pvp.r —£,1
include
company
completed
struction
20,99-4,839:
Subsidiary companies' dividends payable to the
public
on
(principally
preferred
stock
of
Public
S.
rental
! 8,083,452
30,993,333
for
-
»
t
——
—
-
foreign
For
'
plant at Jones Mill; Ark., 20
miles frqm Hurricane
Creek/ Rental to. be paid to the Government'
for these plants exceeds
the return to the Federal treasury for the
13,891,002
15,404,688
20.980.512
—
not
Government-owned
79,855,270
16,101,761
13,911,608
15.006.511
6,168,132
major
Hurricane
184,643,812
17,530,286,
expenses-*—
(net)
Reserve—For
Reynolds Metals Co.—Leases- Two Aluminum Plants—
R.
184,290,260
———
'
Federal income
Interest
.
-
79,699,878
——
would
reported negotiating with Republic "was
revealed. ("Boston New.s Bureau,")—V,
162, p. S92.
1946.
1944
>
■
The
183,568,431 184,005,394.
721,829
•
638,418
Expenses
Maintenance.
Depreciation and
excess
interest, insur., rents, etc.——
of redemption of merchandise,
completion of service" contracts
foreign income and excess profits
cost
and
most r of the
company's undeveloped/ mr-sAS'holdings or interests in Hamilton, Dome,
Wyoming or.
i
Total
Colorado leases, he added.
'
v
"r
'
•>
-Earns,
1945
;
,
(subs.)
revenues
revenues
Total
.
/
*
.
.
wages-
California
has
Operating
Other
templsted
Its
,
There
wear.
additional
in Delaware
on Feb.
16, 1944, has its main
stores, f which operate
as. wholly-owned
separately incorporated, sell women's and chil¬
are
presently 21 stores in operation and- an
York.
premature.
,
.
\
be
declared
.
Sfvid^S^^able
com-
although not denied by C. C. Splcer, President,
negotiations; that probably gave rise to the rumor,"-Mr, Splcer,
stated, /'have been in progress for some timer but findl 'action is.
subject to action -by the directors and other formalities. ' Any announcement, we feel; more properly would be made by the prospective
purchaser."
Mr. Spicer said.. Republic's major,
holdings in some 14,000; acres of
New Mexico properties, main source of its .current income, are in
no.
way
involved in the reported negotiations. / Likewise, any sale con- ;
preferred at $11.25 per unit by
by First Colony Corp, and Child,
ua'
^
y; $1,000,000,
were
t
of
headed
would
by
stockholders
offered
share
one
underwriting
Jeffries
of
$600,987
$644,464
2,348,875
2,190,492
2,611,615
2,459,829
3,115,652/; 2,473,250
;
.
payable—
salaries and
taxes,
Advances
pany's
After
1
1,228,787
$71,488,064 $72,303,054
—
accounts
Estimated
statement
1
r—••
—.—
taxes
registration
a
8,120,325
&
1939
the
.264,697
9,247,926
1,327,156
etc
/. -Total
Princess Shops, Inc.—Registers Stocks
has
618,276
592,301
patents,
coupons
company
4,111,520
5,059,776
,6,068,592
; 1,253,562
advances-,—------
a
.
Shepard
3,971,350.
Properties, (net) ———
Deferred charges -/-///
S.
The
and
674>789
11,199,971
13,659,053
,
Other-' assets
ma-.
pur-:
1468.
p.
3,181,760
_
96,794
and
'"Commissions,
semi-annual/
made regular
to
company
share—from
per
cost-plus-fixed
563,549
Investments
plant for the production of the
and (4) for the purchase of
McDonald and Co.; Maynard H, Murch & Co.;, Merrill, Turben
and. Curfciss, House & Co.—V.
163, p. 111.
directors have declared a semi-annual dividend of 25 cents per
the no par value capital stock, payable Feb, 27 to holders of
on
supplies-..—,
machines and equipment-
Rental
treasury
preferred;/
sizes,
being
now
-
the
$5
new
additional
an
motor
the
Material
.,-ISIP
.
building, for the purchase of
building; etc.; (3) for the
new,
a
of
///
share.
reimburse
to
1,
for the
equipment
are
preferred
on
distributions
V.
used
smaller
Underwriters
The
each
equipment
/Navy; facilities
Provincial; Transport Co. (Quebec)—piv. Increased—
.share
for
be
machinery and
fees
and
.
erection
or
company's
costs
contracts
of -treasury shares)
were
outstanding
Reimbursable expenditures under Government
The holders have the. right,: on: or before J!an. 28,
facilities contracts—!
/
the same into common stock on the., basis of 5//Finished products and work in process—
/for the redemption on Feb.
/(2) for the construction of
Secondary Offering—
—
Unbilled
(exclusive
common
Proceeds
Pressed
shares,
-
Chairman
Manager;
P;
The new,
structures
cilities
of. the
board;
of
the
T.
Wharton,
retary-Treasurer,'
and other fabricated equipment for
Mr. Devlin said.'X /
will consist of Mr. Devlin
C. R. Vincent, Jr., President and General
process
food and
oil,
management
other industries,
new
company
Vice-President,
and
Haldeman Finnie,
.
■
Sec¬
'
property comprises approximatley 20 acres with six building
for manufacturing operations.
Some of the producing fa-
already; are in operation.—V. 162, p; 680.
t,.
THE COMMERCIAL & FINANCIAL CHRONICLE
.Volume 163 * Number 4457
Roeser &
,
Pendleton, Inc.—Earnings—
Years Ended
Gross
CONDENSED
8 Mos. End.
1S45
1944
1943
1942
$1,578,501
$1,148,696
$1,110,591
$1,311,089
441,706
..'••J;' 170,122 yrv J53.612
390,561
'432,162
Sept. 30—
earnings
-I.;-—
Operating expenses
762,658 :
;
•
Total
oper.
118,219
__??>?;$645,721
$553,379
$601,811
$755,649
income i
:
28,528
16,328
15,590
$569,707
$617,401
Operation
Maintenance
Other
t-"v.?"
\
General
11,485
>
"
■'
""
v
$674,250
213,980
charges
Depreciation reserves i_:'
;; 144,821
156,252
and
Reserve
13,172?:
royalties),..
for ;• depletion
?,.....
idevel. costs)
? 131,417
?k-v?;
per
share__
com.
31,319
201,352
284,572
■
'
97,561
,,104,980
$381,348
$536,671
to
$1.17
Net
$105,907
in.
in
$315,065 X
2,501
J-?
income
":i
3,565
247,299
30,
of
loss
to
1945—Month—1944
'
*
£
Operating
JDr830
$520,532
,
revenues
of
?
,245,850
of
loss in
a
operation
to'one
at
time
a
employee from
personnel
to-the
principally
when
from
forces.
chemical
These
v?
.
1945; inrthd
difficulties
control
normal complement
a
armed
the
$206,901
:
''
net income for-October,
—_
12,263,197
rev._
20,486
Operating revenues
Operating expenses
Operating taxes
246,662
$292,937 £ $274,682
-Thi,? loss resulted
Co.—Earnings
1945—11 Mos.—1944
^
£
£
11,116,540 130,322,599 119,904,991
21,800
226,218,
249,703
$453,563
•
'*r-'viV.'j?*"--?■?.'•• V'-r^Y-v
$1,076.
reduced
was
?:???-'?;? ;????•?;
1945
$220,022
v?lvt
adjustment
1942.;v?;• ;■???>
balance-sheet, sept.
Period End. Nov. 30—
$454,393^
1,185
$540,236
163,827
„
income
amount
$158,861. in
1945,
Southern Bell Telephone &
Telegraph
89,068
$519,347
$383,849
deductions
•
Company experienced,
.
$1.49
$1.19
'
:
■
?
116,271
J.
'•
•
(net).-?
income
Interest
96,807
$247,668 >$252,413
>->■••••
$1:00
paid amounted ■
in .1943 and $211,815
$211,815
207,117
? 282,045
:•
''' '
■'
•' •
140,034
217,140
Uncollectible oper.
'*•
NOTE—Dividends
1944,
1
'•
dividends
'
Gross
:
Net^Xnc-cme.^^i:^:^'! $212;072
>
V-
71,i74
^
■
151,190
called
290,910
..
78,675
v
^'r"'::y ■'
Earns,
??
16,1H
75,250
'<
unexchanged shares of 7 ft and 6ft preferred stock have been
for redemption on Jan.
21,
1946, at $102.50 per share and
and $110 per= share
and
dividends, respectively.
Payment
will be made at the Old
Colony Trust Co., Boston, Mass.—V. 163.
p. 232.
$2,406,048
1,236,629.
148,722
oper.'income-.-?.;
Other
t
138,921
,v.
'
■
Net
7185,021
v
,14,633
-
*t
$767,133
146,283
87,335
Re?, for deplet. (produc.'v
•Uleases
$2,577,728
1,301,758
198,921
_______L
Fed. income taxes.
,
1
income
Gross
1
All
1942
$2,743,462
1,438,800
154,961
95,494
.
;
taxes
Southern Advance Bag & Paper
Co., Inc.—Calls Stocks
■
1943
'
'
Income
:
•> Depreciation
Calendar Years
1944
1,046,452
i
123,278
Operating income
.
319
INCOME.??.?
OP
—■—•—
Aug. 31, '45
$1,968,498
revenues?.?
•
>
expenses'
General
i
STATEMENT
Net
staff,
11,094,740 130,096,381 119,655,288
7,375,108
91,821,687
80,656,055
2,399,074
21,361,573
24,613,506
1,719,092
?/■...
»
/*
"
-
-
operating Income
1,269,031
1,320,558
16,513,121
14,385,727
983)205
Net income
—V. 162, p.
of
12,242,711
9,254,588
v_
1,029,034
10.662,297
10,844,342
3119.
of
operating
five, due
difficulties
Southern Canada Power
Co., Ltd. (& Subs.)-
were overcome about the middle of
ASSETS—Cash on hand and in banks, $315,431; accounts receivable,
November, 1945, and the company
has been able -to augment, its chemical control
staff with an experi¬
$142,800; accrued interest receivable, $833; work in progress, uncdm- '
enced
chemjst ^ and. other, employees,... so that operating
pleted drilling contracts, .$287,729;.,crude oil, distillate and natural
adjustments'
gasoline (at market value), $13,709; material and supplies, warehouse• inherent in gas manufacture are again subject to satisfactory' control.
HISTORY AND BUSINESS—Company is an
stork'(at costsor market based .on. condition), $135,305; U; S. <-tax
operating public, utility
certificates, > at cost, $165,000;= marketable securities, .at, cost .(market
engaged primarily. ii> the business of manufacturing,
distributing and
value. 183,497^, $29^,702; .accounts receivable, trade (over one selling gas to the public-in the City of Seattle and the
year),
municipalities
of
$7,400;r U.. S. .war bonds, at cost, $100,000; other investments (Hen¬
Renton,- Kent; and- Tukwila'and adjacent
territory, all in King
derson
County levee- district No. 3 bonds); $18,180; investment: in
County, 'Wash.< All of the gas sold by the company is manufactured
oil
payment, '$5,000; .fixed assets,. at cost
(after
total
reserves
of. -. at its Lake Station,: so-called, in Seattle.
Incidental to its gas business
$2,998,153,
$3,021,262;
deferred
accounts—contingent, upon
future- '; the company also engages in the sale of by-products produced at
oil 'and
gas 'production,
its?manufacturing plants or products-manufactured by-it from such'
$160,640;? prepaid and deferred charges, $32,596; trtal, $4,698,587.^
by-products, consisting principally of carbon black,
; '/"_ .;? j.
M
J.
briquets,? benzol
•;
and toluol,-and also engages in the sale of
( fLIABILITIES—Accounts
gas consuming appliances.
payable,? $170,838; accrued ad valorem .»
taxes, $26,810; accrued payroll, $20,751| other accrued taxes,
!$14,554;
? Company -was- incorporated.; in Washington? March 18, 1904, under
contingent liability, $2,443; deferred ^profits on lease sales,
(contra),?.. ? the name of! Seattle Lighting Co. At the time of its incorporation $133,392; capital stock (211,815 .no par shares>,-$366,924;- property ?: ?it ■acquired'th« business and
property of the two companies then
insurance reserve, $15,195; capital
surplus; $12,642; earned surplus, -; engage^ Jn the manufacture,-distribution and sale of
gas in Seattle.
$4,030,173; treasury stock at - cost >(29,672 shares),-JDr$95>140;
total??? In-1939 the name;'of the company Was changed to Seattle Gas Co.,
$4,698,58^.;—V. 161, p. 606.
; ?
..
*
?
"
'' In 1935the company was recapitalized pursuant to a plan of re-?
.
Years Ended Sept. 30—
Customers
Electric
1945
connected
33,669
$3,379,647
$3,108,191
$3,065,521
$3,082,186
183.117
161,244
164,545
179,069
$3,562,764
$3,269,435
revenue..
earnings
$3,230,066
$3,261,255
288,525
237,685
337,034
516.536
516,895
448,476
421,033
722.315
824,465
745,231
441.952
power
289.211
.864,102
Purchased
342,246
?•: 294,124
224,043
_____
Operation
<.)■'
tTaxes
-
Maintenance.
Bad
debts
1,800
1,809
•274,525
274,544
274,580
32,500
27,020
274,562
23,630
Employ, pension. fund__
Transfer, to deprec; res,
,
'■'.
j.
Interest
.
1942
35,119
•
Gross
-Earnings
1943
36.846
revenue
Miscellaneous
1944
39,975
20,009
-
392,275
375,940
359,000
362,125
$751,663
$721,950
683,679
$766,324
$875,403
662,689
532,629
$1,405,629
$1,429,013
$1,408,023
425,334
425,334
-
,
Surplus for
year_.___
Surp,; brought forward.
r
Preferred
..
divs.
paid
,
?. organization
y
Rutland RR. Co.—Income Statement—*
? ?
?
(Includes
:
Corporate
?» Period End. Nov. 30-—
Railway oper. revenue?
Railway -
oper.
;*$31,974
■
26,551
-2,944
-
33,432
■
77,191
>
$19,836
'
••?
on
367,727
$215,476
'.Vw"-
;i"7,
outstanding bonds; but
-
-
UNDERWRITERS-^The:
the
respective' principal
.Period End. Nov, 30-Operating revenues
Operation
—V.
29,862
18,473
25,479
6,200
10,393
un-
163,
Inc..
.='
57,800,
47,242
660,689
52,288
34,137
'
Fed.
excess
Retir.
V?
tax..
accruals
res.
profits
and
-
Plant
?._ $500,000
■"Other
& Co.
'
1
'
?
,*'
'
•»
:'
'
?'^
y
^
100,000
$
1
"!?!'
J
1
r]
-
^
prig, cost of util, pit.
•
•
523,004 ;:
?
$
-
lncome_
$23,761
(net)™
Dr814
?' Gross income ???^»??:
Income deductions
$22,946
21,305
Other
oper.
income
? $64,826
$534,312 '
Dr325
10,449
$64,501
$544,762
31,944
309,485
.
v>
Net income
Dividends declared:
:,v
.
$1,641
$235,276?:
$32,557
6% preferred stock.
Debenture istocks,,-.,.
V"—
»
1
,
r
"
stock
«»
;
.1,730
.
459,202
t
Period End. Dec. 31—
Sales--.-.———V. 162, p. 2990,
1945?^lA6ntli~?i944
,.r
-
.
The
1945—12 Mos.—1944
'
$2,459,995 $22,300,285 $20,980,250
part
against
After
:V.?162,?P.. 3118;
>
r
•
-
of
the
•
the! sales'
distributive
payment .of
the
to
The
second
stock
common
of
the
26,010
no
Stock,
Bond
6ft
par
value, have been
shares
of
cumulative participating preferred
called for redemption on Feb.
oil
dividends
totaling 50
"
-
?
:
;
.
cents
&
6z
Purtic boa^rl
Curtis headed
^a
Webber
:
has
son
^
a
on
the
first
in
158,
ta
assets
The issue
-was
interest
Tank-
group of underwriters which
received.
and
of
July
the
form
1
14
,
on
company
oi
bid
a
1,
at
1946;
office of
company in New
in
denomination
of
registered
due
lhc
Jan.
of
1,
trustee
York.
The
100.29, resulting in
This
the
initial
only
a
17
the
(V,
of
per
$1,000,
t.nd
and
brought
acquiring
v
»
»"
#
-
•»%'*
•
-«.'
Thomas
*
bonds
will
be
in
Bonds
will
be
redeemable
also
the
or
use
be -redeemable
proceeds
fund
,
PURPOSE—Net
payment
102ft
of
proceeds
the
are
principal
to
be
and
or
..
.
CAPITALIZATION
1976
S5
■
series
1st
value
EFFECT
.????
bonds—
preferred
per
GIVING
stock
stated
limit
ject
to
may
be limited by law»-v?.;
the
restrictive
as' to
provisions
Wright
•
res.
v.
•P
Other
?■
income
?
the
;?
14,122
14,032
172,730
Net
,
income;
Common
—V.
-
i-?„Li.
;.
dividends
$44,293
' ??".
$2,683,430
1,044,934
$664,676
■?;
—V.
107,391
$564,483
but
amount
sub¬
mortgages and
'?-
i'■
.
as
Income
Hanson
210.000
been
j/wiu
as
901
w*k
••
$349,773
* vv»v««^v*v*»
*
,
?;■ 237,899
.225,774
$282,626
v*
$638,499
$532,049
263,687
$294,150
$374,813
■
;
*** «v
^
T
,
^
output of this company for the week ended Jan. 12, 1946,
2,167,000 kwh., as compared with 2,107,000 kwh. for tha
an increase of 2.8ft.—V. 163, p. 232.
Ended
316,419
'
194^
1945
$4,661,003
$6,313,023
-
,?.
—-lL—
232.
p.
"
\
Preferred
in
of
the
1967,
outstanding
the
of
plus
company
25-year
sinking
fund
debentures,
6ft
accrued
are
dividends from Dec.
15,
1945.
The company s
registration statement covers 27,000 shares of preferred.
T
exchange offer will expire Jan. 21 and any debentures^not exchange V
will be called for redemption on or about Feb. 2u at 100 plus accrue'.l
interest *to date of redemption.
_„i
SEC
■
-•
Any
for
E.
Rollins
H.
A.
estimated
and
'
.-??•
to
be
for
Co.,
Inc.,
W.
C,
Gibson
&
Co.
and Coffin
&?.
-' ■-.?-?.if,
received
be
at between
used
.
.
by
proceeds,
$2,621,863
retirement
with
$800,000
of
the
company
from
and $2,663,183.
the
the
financing aro
More than $2,150,001)
debentures;
In addition, $200,000
company
funds, will be used fox*
paying off bank loans.
'■ Company
is primarily a producer and distributor of natural gas.
Properties are in New Mexico and Texas.—V. 162, p. 3119.
■
of
.
&
Inc.
will
and
will
Allyn
C.
Inc.j
•
,
the 27,000 shares of preferred stock not exchange**
be
offered publicly by
a
syndicate headed by
Sons, Inc., and including Rauscher, Pierce & Co.,
portion of
debentures
T^iiri*
1028.
Comptroller
7—
Jan.
earnings
163,
per share
210.000
Edward P.
Fischer as an Assistant Treasurer.
Mr, Hanson succeeds Arthur T.
Roberts, retired, and Mr. Fischer succeeds to the vacancy created by
the appointment of John F. Seal as Treasurer.—V.
163, p. 232.
appointed
$637,593
?.
4,436
being offered the right to exchange
their holdings for 4 ft ft cumulative preferred stock on the basis of ono
share
of
preferred for each $100 principal %mount of
debentures^
The price of the preferred stock has been set at approximately $101.4.*
$555,929
317,218
has
$575,5461?
220,320
!?
Holders
due
Socony-Vacuum Oil Co., Inc.—New Officials—
E.
$527,613
:?
81
??$502,945
deductions-
-■Proceeds
Louis
$575,466
,
l
105,109
'
—
r
income—.? ? ; $502,865
??"
y. 80
-
Southern Union Gas Co.—To Exchange 4y4%
Stock for 6% Debentures— ♦
8,510
(H.) Simon & Sons, Ltd.
Preferred Stock-Sold—
Greenshields & Co., Inc., announce the sale in the Cana ¬
27,338 shs,
23,739 shs.
14,320
;
income
.Week
?" $661,039
? $671,874
3,261
p.
11,050
226,600
taxes_^_
amortization..
oper;
Gross
$652,528
7,198
-■$47,189
dividends
12,283
44,000
,,
Southern Ry.—Gross Earnings—
167,810.
"
=
162. p. 3119.
176,362
;■>??' 9,533
226,600
income
tax
corresponding week last year,
167,883
5,217
90,637
115,667
||| Weekly Output—
tn
$55:450 '
156,514^
176,362
V*
127.430
$53,510
342,987
129,467
Nov; 1, 1968. 3 V2 -ft
271,749
134.710
income???'
Gross
288,110
?'
*?134,200
Net
47,105 shs.
30,000 shs.
respective
.
278,700
15.660
353
1, 147,693
303,34^
Electric
23,200
$55,097
taxes____^
profits
excess
totaled
28,300
^
$3, 066,940
$3,164,894
■
income
Income
251,095
'240;.
1
1945—12 MOS.- -1944
1945—11 Mos—1944
revenues
285,766
346,306
Net
1945—12 Mos.—1944
205,387
262,173,
■
$8,064
-?T ?
...
263,110
308,368
■"Special
of
1,052,562
•853,270
$22,374
.
263,144
?! 313,705
Gross;
$2,770,939
?? ?:
$2,016 ?
:
■-
12,478
18,622
22,900
161,
170,000 shs.
principal
(net)
?';=??
367,013
$901,077
291,640
240,146
361,2231
-
1,249,615
297,841
«
r
98,082
accrua)s___
Utility oper? income?
MONTHS
214,905'-
77,916
119,584
-
waa
1945—3 MOS.—1944
285,483
is
$236,870
tax
'
$7,194
660,295
$931,054
1-326,762
$2,808,266
1,052,994
Stat.e
dian market of
$400,000 5% cumulative redeemable pre¬
ferred stock at par
($100.)—V.
Outstanding
$4,800,000
50,000 shs?
aggregate
of
FINANCING
".
share)_______—??;
specified
PRESENT
Authorized
($70
2nd pfd. stk. ($25 stated value
per sh.)
Common stock ($1 stated value
per sh.)
■"Without
TO
profits
THREE
$2,891,726
1,149,443
266,770
Fed.
the
15,920
14,593
? 121,706
X..r?L?
201,132
~
■.
.
92,701
?
"
$250,097
taxes
Preferred
applied by the company toward
redemption premium -(aggregating
$4,795,206)
of
$4,678,250
first
and,; refunding
mortgage
bonds, 5ft series A, due Oct.
1,. 1954, which company proposes to
call for redemption on April
1, 1946.
<
;
the
?_„
V
$292,217
.
•
investments
other
Maintenance
Fed.
this
of
-3.00,691
excess
Retire,
redemption price
upon like notice by
of
revenues
Fed.; normal and surtax
Fed.-
on
any inter¬
regular redemption
regular
the. replacement
of
General
a£
being 105.27; the bonds
operation of the sinking
provisions or, in certain
instances, by
insurance upon property subject to the
mort¬
gage and of property released from, the lien
thereof, at the special
redamption prices, the initial special
redemption price being 102.32,
plus accrued-interest in each case.
"
Vv..
will
fund
Operating
Maintenance
AND
103,368
Period End. Nov. 30—
Other
-
7.088,900
8,000,000
455
3,214,166
27,060
$26,911,714 $26,078,468
—
1945—Month—1944
"■71.432
-
Operation.
:
■
^
.
1945—Month—1944
iOpera tion
coupon
fully registered form in
multiples of $1,000.
Coupon
interchangeable.?.
'
Depreciation i?'_ ????>???
Taxes .(other than inc.)
been
from
B.
59,293
136,875
63,669
*-136,875
Southern Colorado Power Co.— Earnings—
163,
into
106,333
interest—...
■
Operating
p.
189) the latter company's
areas of operation in Texas and Oklahoma which
??' Period End. Nov. 30—.'
in
authorized
including
$303,700
^
■
of
365,947
.
Surplus
share.
have
therefor
the. organization
purpose
110,463
427,036
accrued
earnings..—__
and maint.__.__
-
1383.
p.
$6,107,547
206,375
cum.
Oper.
Sierra Pacific Rower Co.—Earnings—
bid
Interest. payable Jan. 1
Seattle, or at office or agency
option of company as a whole at any time or in
part
est payment date on not less than 30
days' notice at
prices,
the
was
1976.
in
deposits,
Taxes
Int., deprec. and divs..
;
.
■
definitive
'
liabilities—
EARNINGS FOR"T)ECEMBER
distributed
$30
8,604
125,463
-,? 106,334
Period End. Dec'. 31—
on
■
$1,000
bonds
of
3.61ft.
,
denominations
-and
the
to
;»
Jan.
Dated
:
awarded, Jan.
cost
-
payable
interest
Gross
stockholders.
were
of
16,693
?:
198,255
charged
be
.
preferred
the-amount
and-certificates
Jap;
for
Detroit
of
interest, to yield 3.50% to maturity.
s
net
accrued
incorporation,
Shreveport Laundries, Inc.—Partial,
RedemptionTThere have been called for redemption on Jan. 22, 1946, a total
■^ame^yveDDer, JaCK
.
tax.,
$6,107,152
and
-V. 162, p. .3119.
is
expense
60,387
56,659
13,075
7,766
?
employees
profits
Total
$27,900 of first mortgage 5ft. sinking- lund bonds,, due Jan. 1, 1952,
? 'at 102 and interest.' Payment will be made at the Hibernia National
Jap. lb; offered to the public $4,800,000 first
mortgage •
Bajik, trustee, New Qrleans, La.
There
3%% bonds due Jan. 1, 1976.
were? $18,900 of these bonds
The securities were of¬
called for redemption as of
Oct.' 8, 1945.—V.-158, p. 2086,
fered at 102.27 and
cmv
to
♦As of Sept. 30 the fair market
value of
$3,890,242 in- 1945, and $3,562,075 in, 1944.-
'
development.
the new. corporation,
i
•
Seattle Gas Co.—Dorids Offered—Paine
made
formed
was
Corp.
President* of
and
was
holdings, including
per share. Payment
will be made at the
company's office. South Gate,
Calif., or at the
American Trust Co? San
Franciseb, Califi—V.'l62 u. 3118 '
share
per
15,
It
Candler-Hill
$2
Candler-Hill
$30
sale
excess
i;
'?>:
participating pfek stock ($100-par)., .
7J)88,900
Common stock (400,000 no
par shares)—? 8,000,000
Minority shareholders' interest in sub. company
455
Reserve for depreciation.^
T 3,877,067
Reserve for bad
debts^._i.__,._a—
?_——
?;,
26,870
Miscellaneous and contingency reserve—
:,??
204,357
Earned; /surplus
^,?—?>,,■ ?' ; 666,625
'
' ??
Gas Corp? (Del,)—Organliied—'
.
Seininole Oil,
1946,
at
share'- of
stockholders
no
value,
surrendered; for ,cancellation.->~V.
^corporation,
?
liquidation-
or.
of
share, plus: $43- in accrued and
•
had
.
Schumacher Wall Board Corp.?~$2 Stock Called—
All
for
of
for taxes
and
all.expenses, the remaining
preferred
Announcement,
.
per
T; 1945.
■
has called for ■ redemption on Feb.
1, 1946, $10,000
6ft bonds, series A, at 100-and
interest.
Payment will
the Underwriters
Trust Co., trustee, New
York, N. Y.—
at
stock
as amended,?at : the rate of $100
unpaid" dividends to Nov.
.
company
made
preferred
62,938
37,700
by trustee
'
payable
-
Np
guaranteed
be
second
'
Schulco Co., Inc.—Partial Redemption—
of
of
its= articles
'
$2,627,434
escrow
240,376
344,135
$26,911,714 $26,078,468
Customers'
-
,
held
portion
Dividends
?
1,730 shares of common
The management
and
affiliated
persons of the
management
the holders of all the second
preferred stock and common stock.
.company has liquidated
all of its assets
and
has deposited,
in
a * special
trust-account of Colorado
National
Bank
of
Denver,
the sum of $499,356 for distribution to the holders of its
outstanding
first preferred stock-in accordance -with
■
:
in
275,547
'
,
The
'
^
held
debt,
stock.
are
(The) Schitt.Co.- -December, Sales, Rose 6.81%—^ /
;
shares
268,257
'
stock
Provision
? ■•'?
H
In.
60,000
149,114
47,220
„s,
162, p. 3118.
securities
Accounts
r{J
•
*r
V
its
findings and order
ted -Dec? 2T,: the "SEC declared that the ;:
company/has ceased to-be dis investment company
within,-the-meaning
of -said' Act^ ♦ '
<■'
v
;>■..?;.,,?:,■ ■;
716,848
Security. Investment Trust, Inc. was organized in- 1927 in Delaware.
A plan to
liquidate and dissolve the ; company was submitted to a
?? special meeting of stockholders held on Oct.
10,
1945,
and
was
410,119
approved and ; adopted? by> the holders:
ofp more ■ than - 75ft
of -the
outstanding first preferred stock and -of more than a
majority of
$752,136.
the second preferred stock and of
the common stock.
A
certificate
23,174
of dissolution was
duly filed with the Secretary of State of Delaware
on .Oct_
29, 1945.
■
,>'< ^ 4 ?,.!-■ , k
$775,311
;
As of Sept: 30, 1945, the company had* total assets of; the value
383,268
of $564,817 and had
outstanding 3,492 shares of first preferred stock,
$392,043
60,000
_
Common
•
90,007
2,993,242
receiv.;
,
>
,
90,007
3,284,455
notes
LIABILITIES—
Funded
-
?-Utility
and
1944
bonds,
value
? Total
$
.
'
and
Refundable
194Sfc-ll Mos.—1944
Security Investment Trust,; Inc.—Dissolved—
,
companies,
book
at
-
Funds
134,983,927 119,822,902 983,453,028 940,889,433
v
affiliated
advances
30
1945
inch accrued rev.
Merchandise and maintenance supplies___
Prepaid and deferred charges.
?•?
Mortgages receivable, less, reserve..??_???—,—
-
>r
in
-
and
banks
in
SEPT.
?>'?"
.?______ $22,092,278 $21,545,515
665,989
512,848
;??• for bondholders
$
:
and
$662,689
'
investments
Accounts
.
1945—Month—1944
—
^
306,796
excess over
hand
on
320,009
$683,679
■:,,???.?'
?
320,000
?;
? $660,295
investment
y?: shares
Stroud, & Co., Inc.
500,000
White, Weld &r Co.??_?_
500,000
Patterson, Copeland & =? '■ ? •
?
Kendall, Inc.i??_???_. 200,000
Win:: P.' Harper & Son
'
-
320,000
profits taxes.-.
■?■{■ v?:>?
ASSETS—
and
underwritten
>
163,.p. 232.
f'r>
excess
-
CONSOLIDATED BALANCE SHEET,
.
apidrt. of
v
—V.
%???"
337,345
114,635
■
underwriters
bonds
Shields- & Co.-__
500,000
Corp
112.
p.
series
•tlncludes
425,334
■!<<
-
320.000
;
$666,624
-
principal
1976
425,334
dividends paid
? Investment
Period End. Dec. 31—
$5,008,177
2,370,296
?.? 111,485
taxes
Fed. normal and surtax
Common
the
Sears, Roebuck & Co.—December Sales Up.12.7 %—
Mos^—1944
2,446,580
..364,201
298,966
by
Common
'
"
206,552
confirmed
■
Washington, Northern
Cash
.
Laurence M. Marks & Co.
Sales
$4,939,230
46,998
Maintenance
General
1945—12
$418,493
and
*
500,000
Higginson
the
of
500,000
500,000
,
IHS—lsionth—1944
amounts
Eastman, Dillon & Co._U
Co.—^Earnings-- '
$392,213
186,692
'
of
liames
,
'v
Savannah Electric & Rower
stockholders
Lee
5,346
367,705
$523,590
f"
.','Z
interest accrued
$80,384
103,157
124,464
the
the Western District of
Curtis
£ $500,000
Central Republic Co. Inc';
500,000
31,490
♦$134,556
'
■
-
$100,958
?
■;^
:
by
for
Paine, Webber, Jackson &
37,723
;
Court
? Coffin & Burr,
$9,345
4,251
-
286.452
.
25,498
approved
District
arenas follows:,
$373,069
72,178
4
S.
Division,-whereby the then funded debt of the company was reduced
and its capital stock
increased, with a reduction in its total funded
debt and capital stock. of rsomewhatr. mqre than $4,000,000; \ <;
{, W-.
'.
4,345,395
291,678
8,600
33,425
-
.
paW^W 163^ p, ill?
t.
$4,718,964
$203,802
26,832
10,654
tfixed charges
t Includes
$41,833
15,520
.2,630
■
■
deducts, from inc.
.
$4,681,190
4,477,388
-
Other
■"Deficit,
:
1945—11 Mos.—1944
398,539
Net ry. oper, income*
♦$71,415
income
l mm 14,536
i
Accounts)
$440,372
>400,655
expenses
Railway tax accruals.;.
Equip. rents (net.Dr)^
Jt. facil. r$nts: (net Cr)
Misc.
Trustees'
$368,681
Net rev? fr. ry: opers.
■<
and
1945—Month—1944
-
U.
660,295
$1,411,958 ■[
from
i THE COMMERCIAL
320
Southwestern Rell Telephone
Period End
Operating
1945—Month—1944
Nov; 30—
rev.
118,797
.
y:
Summit House Corp.
•
.
-Interest
1945^—11 Mos.—1944
13,002,388 153,032,038
'226,018
17,475
14,491,135
revenues
Uncollectible ft oper,
Co.—Earnings—
Operating revenues
Operating expenses,;,-,.'
Operating taxes
holders
248,952
14,478,338
13,002,388 152,806,020
10,017,325
7,771,584
^6-^6,438
2,898,4295,565,973
38,248,569
__
.
ft
Net
"Our
1^.337,357
83,5o4,154
—V.
162,
.
1,333.961
: :•.ft
3120.
p.
Southwestern
revenues--
_Y
expense
—YY-'
Maintenance
have
'Y.\
an
the
Co.—Earnings—
.'j will
,
the
in
us
3%
1944
real
payable
Jan.
15,
1946
to
1942
than
(other
Prov.
for
retirements—
Amortiz.
Net
of
franchises-
$4,221,716
$356,823
Dr 773
estate
taxes.
out
We
this
of
are
hopeful
deposit' to
that
make
Co
In
time
irom
320,418
operations,....,...,:..^-.-..-
income
M
miTeV conJ/st!Si8nf i°LJhe
XvlnZ
r-nl
-
Gross
earnings
income
Income
$4,222,476
YYY-Y'ft
2,732,001
Provision
$4,214,065
2,495,952
—$1,490,474
YYYY
deductions
,;
$1,718,113
$358,277
$303,467
ftftY-Y;
:
1
income
Accrued
dividends
——
tax
preferred
cum.
stock
—V.
apnl'c. to
644,670.85
shs.
162, p. 3119.
stock
com.
Capital
ft
INCOME
CONSOLIDATED
Sales,
1944
1945
1943
,
,
203,655
115,857
Earns,
; .'•■
..
601,500
1,804,500
Y 39,843
42,188
42,187
"
111.906
202,056
$992,361
■y
62,329
$1,494,204
:y
$930,032
share
(862,855
6,904,307 V't T~V.
162, p.
$1.08
$3,979,925
$3,262,436
2,005,347
1,714,585
-
$2,677,651
2991.:r?
5
1
Selling, advertising; and
expenses
Deprec. and amort., plant
and equipments.
Operating profit
$1.848.492
$1,943,051
•yft :
7,192
—_j—
Interest
Idle
debentures-;.
on
loss
foreign
Prov.
95,273
111,113
a
117
y164i060
y
164.060
~
,25,160
164.060
31,014
678,011
,
548,694
277,213
147,715
y
y—V.
Crl33,532
Drl50,000
$882,483
Dr150,000
H $502,842
$623,330
;;
SHEET,
$3.286,881marketable
OCT.
31,
$262,645
1945
/
;
ac¬
:
1
-
•
for
Square D Co.- -To
stock
have
(of
of,the
three-for-one.
It
is
also
from $1
voted
recommend
that
to
company
that
Lt.
been elected
Mr.
the
to
William
the
board
Knudsen,
former
with
rank
war
tion
Gen.
ip
the
the
office
is President
and
of
to
stockholders
be
provide
taken
for
value
par
162, p.
a
to
at
"of
the
stock
stock
TACA
y
and
y
directors.
President
Of
the
of
and
James
of
General
the Detroit Edison
-
of
Co.—V. 162,
set
in
a
in
up
for
of
period
will
be
the
of
|
y
y
oper-yyViT
the
emer-'
war
:S
abandoned
be
It is presently
stations.> the esti-
•
which is approximately $6,300,000. from
Corporation with treasurv funds including
common stock now sold by the company
:
compressor
of
•
■*
8,
-
1946,'
738,000
216,000
-.
of the. shores of
outstanding,
Into' 1.512,000 shares
•
•
shares
of
and
sale
part of
a
1
'
the. issue
t«
due
shaves
•
.of.
.
common
■
^
>'
of
such
stock
common
:■ J"1
were
'
au-r,
=*•'■.vy
of
•'
238,000
_
-
-
shares
the common-stock
additional
of
pipe
line
bonds,
3{i
stock
stock'
common
' Outstanding
"
series■
1965
y^ft S34.525.000
bo*»k loan
5#
cumul.
due
;;
offered:
now
)946-'»952.
;
13.000.000
v.; : 75.000 shs.-
;»yi..
^
^
cost
net
year
of
sufficient
were
$354,664,
p.
$3.13
or
£120.
to
share
a
Common
this
cover
made
The
at
notes
due
1965.
to
in
ond
issued
or
the
31
the
ser'es
Securing the bonds sub¬
mortgage
contained.
'' 1.750.000 shs.;
other than
seres,
more
under
therein
so
principal amount
total
The
which
may
be -issued under the mortgage is limited to
long as anv bonds of* the 3$
series due: 1965 are
The principal amount of bonds of the 3'r
series due
amount
be
may
issued
bonds
of
limited
is
of
the
OF
SUMMARY
i
EARNINGS
to
have
H
h
t
EARNINGS
FORMA
PRO
♦.£;
through-;
retired
been
be re-issued.
may not
AND
$475,000 pr<n-'
$35,000,000;
series
3%
operation of the sinking fund and
>
75.000 shs.
2,250.000 shs.
y
bonds. which
1965
New
(par $100t
$5i_-_tyv.Y~--r- ;
bonds
cipal
Bank
stock
restrictions
outstanding.
April
at 100'
National
(par
may ,be
the
$75,000,000
,j
due
13,>1946
stock
ject
*
¥
Chase
preferred
♦Add't'onal
the
for
.
;
T. vCussen,
has
until
been
States
TACA's
„
recently
named
and
\
.
lieutenant
a
General
Traffic
Caribbean
colonel
Manager
region.
international;.headquarters
12 Months Ended Nov. 30,1945—
He
will
will
be
in
for
the
TACA
base
in
situated
\
Armv
Gas
Air-
Instruments
Companies,
Rochester,
Actual
Actual *
•
1,890.;
'
*v
265.1
1,994.500
514.140
misc. Federal taxes.iY.
income
*
;
3.316.
•
—
and
?
Pro Forma
Pto Forma
,
$14,234,278 $14,234,278
sales^yi
———
local
State,
'Federal
Taylor
*
■
; Depreciation
163, p. 233, yr;;,y
gas
Maintenance
y
the
revenues,
purchased for resale—
'.^Operation
Miami
In
Operating
•;
;'ft- 60,000
taxes.
N,! Y.—
.'Registers With SEC—
>
The
.
has
company
filed
with
the
SEC
registration statement
covering the proposed sale of 30,750 shares of common
stock, par $20.
First Boston Corp. Is named as
principal underwriter in respect
21,170 of the , shares-and it is expected that.these will be (offered
to the public late in
January, subject to clearance by the SEC.
..
by
shares
the
be
to
owned
company
over
number
a
-
The
;
of
which, manufactures' scientific
instruments
*
for
.
—
.
'5^
'1'
A;'1
$3.993,1,52
outstanding
S2,954.980
.
of
$7,500,000
\
,
cumulative preferred stock is $375,000.
PURPOSE—The
re¬
the
o"
7
461,000
.
.■'
dirtde»id. requirement.
prr,u(,l
19.000
'13,008
—;
ex-
Net income,.—*-Ji-"
*^
.
time
company,
;J~——^v.;-v964,133
net "of premium
—i
etc., equivalent to reduction in taxes
penscs,
•
1930,'
_
Special charge resulting from'premium and
.thus/.offered represent treasury stock
reacquired
by
the
*at
;
..
of debt expenses,
received
years.' The other 9,580 shares,the estate of. Herbert J. 'Winn, Chairman of. the
^company
of death on June.
27., 1945,-will be offered to various
-long-term employees of the compapy,
including officers, at $18 per
share pursuant.to the terms of Mr. Winn's will.'
during
.
indebtedness.
Refunded
Y Amortization
to
have
,I_T.
a
net
cash
to
proceeds
-<
*
received
be
by
the
company
ftftC
cording and controlling (temperature,
received
pressure, > humidity;' flow and
:
Mm
19.Q00;
of capital stock (no
par> was ^ ; liquid level, proposes to add the,proceeds from the sale of the 21,170
from th*-sale of-the-238.000 shares of -common •stork, ($2,618,277) to- •
the New York Stock
shares of common stock to
Exchange Jan. 14, at $49
working capital funds,
Y ^
^Yv'^^rwit'hWe^urv fimdslo the extent reqiiired.will'be applied to the .
On Dec. 20, 1945;
per share by Glore, Forgan & Co. and Lehman
Brothers," on the basis, of five "stockholders^ voted to-split the outstanding stock ;Y purchase of (he, additional; comnressor; stations 'being, built * and now ,
shares of. $20. par value each for
v.„f«
with a commission of 45 cents
each share of
.owned by the Reconstruction Finance Corn, upon t^e consummation of.,
per share.—V. 163, p. 233.
$100 par value.
Giving effect to this action and1
the-proposed sale
neeotiatiops.therefor which are now in proarress. No definite commitof the
treasury stock the company's capitalization would
consist of
Standard Oil Co. of
mppt for .'the puranpfe pf the-additional', compressor., station.*; he*
*
250,000 authorized
made
.
which v.vu.
stock,
common
-reclassified by :vote of
common
etoek (par $5t,
were
:v,>'
y"
'
Authorized
-..Ka-Authorized
?'/»
renegotiation of 1944
of $44,405, after tax* adjust-'
-The
offering of 10,000 shares
.
.'y-
\vy*. -v-'':. ', •'■
-
the
Calif.—Special Offcring—-A special
which permits
the
and
.
which Is
settlement of
that
income
net
Payment
United
y ways.
where
Parker
p.
City
George
Produc¬
W.
resulted
is
wh'ch
P&nv
t
y:
of
Air. Forces,
.changed"
served
James
that
announces
,Y;-Y
of
construction
Necessity
additional
Finance
additional
an
$1.41
••
ft
per
,
split
Parker
Director
as
...
Airways, S. A.—To Redeem 4% Conv. Notes—
interest.
the
The
Motors,
Lieutenant General
Under-Secretary of War.
Standard OH Co. of
W.
•
_
$596,534
$3.41
ft
its
to
pounds
The fol'owing tabu'at'on sets forth the capitalization of the com-yyy
after giving effect to the above-described reclassification and
,
v
•
York, - trustee, 11 Broad St., New York, N. Y.
The conversion privilege expires on the date
set for redemption, yft v
*Yk
•
•
-
New Official Named—
y
be
has
reported
their;;
increase
common
t\
,
2 958 226
—-■
Ail of the $1,373,000 outstanding 4'fa convertible
;>20, 1948, have been called for redemption on Feb.
2991.
S.~ Knudsen
of
director of
a
j
v
Standard Accident Insurance Co.—New
Directors—
Former
and
stations
such
authorized
1st* mt-ft.
reserves
future. —V.
J
the
share.—V.
per
action
-
•
proposed
to $5
to
23
then
and
n
2 808 690
—.
pufchase
Reconstruction
thoHzed,
$1,443,385
1944, remains unchanged.—V. 162,
year
?
Split-Up Shares and Increase Their
April
on
'
y
;
to
760'the. stockholders
4$3 554
'
v
,
income
Par Value—- -'H.
As
charge, the
and
equipment, : $1,450,791;
taxes, prior )'ears, $238,278; $2.25 pre¬
ferred stock (par
$50), $848,000; common stock ($1 par),
$455,003;
capital surplus,
$3,181,734; earned surplus, $1,757,535;
total,
$12,003,466.—v. 163, p. 232.;'
fr'^V-":'-
eapital
,
'
"
and ft
daily
;Yj;;
■
..
cori>oration
contracts
ments.
•
securities,
$3,183,203;
$2,754,040; investments
payable, $742,657; accrued salaries, wlges,
etc., $442,355; accrued interest on debentures, due Nov. 1,
1945,
;$82,030; Canadian income and excess profits taxes
(est.), $68,206;
r-Federal income taxes
(est.), $500,000; 50-year 5% debentures, $3,281,200;
reserve
for
post-war., rehabilitation
and
other
contingencies,
meeting
$4 252 075
'•
162, p. 1679,
war
LIABILITIES—Accounts
annual
compressor
'
CAP3TALIZATION-i-On1 Jan.
?;stock (par $5». constituting all
486
Superior Steel Corp.—1944 Renegotiation—
'
BALANCE
;vfl04
>1
the
DrlOO.OOO
;taxes,
directors
'
15.025
in
winter
a
feet*
feet, daily
of
S': to underwriters.;:'vyy,..vy^
..
$3 450 274
Vi3g;33i
.r,
With
the proceeds of the sale of the
2,307,351
'$4113 744
r"
—
profit for period
profit per shafe
ate.—_r_^.—:—;
Net
„
—y—
reserve
income
Net
.323,553
$998,653; inventories,
assetsy $120,030;
property,
plant and
charges, $209,868; total, $12,003,466.
The
such
J. mated cost of construction
2,168,988
cubic
the
com¬
successor
but
proposed
■!''
^
CONSOLIDATED
$406,468;
-J—
/
deferred
y
205,000,000
cubic
the operation of such stations may not
without the approval of the Federal Power Commission.
yi
1
and
on_debentures
.
The
other
general
expenses, taxes, etc. (including
Federal income taxes)--——
.
charges*
ASSETS—Cash,
counts
receivable,
geological,
\
,
$6,282,732
-
^Intangible development expenditures, depletion
and depreciation, rents of
undeveloped leases,
leases abandoned and expired, and interest
28,040
'
.
of
were
Total
1,999
taxes———
profit
for
Gross
profit
Miscellaneous income
$704,633
W.v '174 y
for
Net
ntion
) gency.
______
to
post-war rehabilltation and cont-.
1
provision
U.S. and Can.,
Extraordinary
operating,
yadministrative
$593,520
exchange
for
income
Prov.
due
$1,029,972
.
$1,515,616$1,125,245
164,060
yy: .21,284
:
plant expense
Unrealized
Production,
y
167,166
152,243
*
$1,417,002
98,614
..
94,559
.
income-
Interest
130,849
]
I.®.44—
Gross. .operating .income^
y
Other income—-*
Total
2;064,764
;
demonstrated
pressure
base
>
\ft
*■-;
of
aggregate
horsepower,
compressor
line
stations,
an
2,000 rated
operation 1.
substantially completed;
j|; tifIcate of Public Convenience
V
.
/
Angeles—Earnings
yyy Three months ended Nov. 30-r
1,495,436
'
126,086
—
■
compressor
the
in
210.000,000
•
Superior Oil Co., Los
$2,825,450
with
put
yhby approximaely 60,000.000 cubic feet daily at the sales
pressure base
v
of 15.025 pounds per square inch.
The company has a limited Cer-
$1.64
$1.63
y
of
sales
•
additional
have
units
» together with
the two compressor units recently constructed and
put
y;.;into operation by the company, will increase the capacity of the line
$1,406,573 ' $1,420,106
net
outstanding)
$9,729,756
the
:
are owned
hv
Reconstruction Finance
!iy'
to Defence Plant Corporation) and are leased
y;
to the company.The
operation of such additional compressor
stationary,
75,073
87,631
capacity
at
-
-.Corporation (as
$1,495,179
,
.
Four
450,754
j ft
f
del.very
which
recently
been
58,000
rated
having
customers
inch.
square
.—„.,
have
units
summer
present
y : v
Company at the present time has
operation
'
'.1 -Gross' profits—
■admin,
a
ftp now
.per
horseppwer
in
horsepower- (two
substantially continuous
operation,
delivery capacity of approximately
&*Yft
foreign
earnings "rJ*.
to minority interests
applic.
Hope Natural Gas Co.
compressor
normal
other
&
476,000
2,562,000
.
.
1,265
'»
f.v™ compressor stations
rated
profits
y'.
Canadian
*
of
pressor
°'
'approximately
s of 24"inch pipe from the western end
connection is made with the lines of United
a, rr85 miles of 20-inch pipe from Kenova to the Cornof
^Hope Natural Gas Co. in W. Va.f where connecwith other' lines of United Fuel Gas Co. and with
Station
compressor
896.000
profits
(est.)' ■
Earnings
$16,258,533 $14,511,895 $11,505,746
goods sold—
12,278,608 ft 11,249,459 i - 'B,828,095
excess
w?*111
nt,:ans4rmlsslon "ne is
Ia;,Jher®
bo,000
inc..
yi(i > vNet earnings
net of discounts,
of
$4,507,635
fr
W
Aa
flJ lines
1,1®
the
\
1942
returns and allowances
Cost
$4,980,102
.255,170
.
normal
tax
Consolidated
ACCOUNT FOR YEARS ENDED OCT. 31
-
372,579
384,000
Federal
for
taxes
:ft
-
t
_
(A. G.) Spalding & Bros., Inc. (& Subs) —Earnings—
.
$4,135,056
464,933
—
stock
excess
$1,337,221
$1,223,490
Federal
for
(est.)
Provision
Balance
$4,515,169
(est.)
tax
380,892.
266,983
Y
for
Provision
Net-
.
wen
well
82,681,625
LY.
Depreciation
Gross
"Y 1943
1944
.
1
.
Y
Y-iPftv;;,
395,764
, •
r
further
a
the
D&ny J.
' as P*M*ntly in operation, was
Eowai' Com*nisston in Sept., 1943, under aY'"'ft
uction Board that the line be completed
1
»
denveiMc
of
and Consolidated Natural
v
w
certain
in
there
$2,285,860
i»—;'?
———
f or
including
^rporated
,Was
1
1940 in Ten°Pera,tinS & natural gas transmission pipe
Str&tton-Agua Dulce field (near Corpus
'
w^ere deliveries of natural gas, Yfti
0°", i5cts i° lhe company's two principal
»
8
and Hope Natural Gas Co.,
rTnitP?
«f
$3,893,647
759
1,454
Other income
Prolit
4,868
4,801
Other
$304,240
income
oper.
•405
397
ft
:
company,
Ooiiimhu! nL
r?„S & Elec^lc CorP*
of
'resoeSSi
authwtzed bv fhl
stipulation
£
Gas
estate
'
inc.)
the
lonw
namelv
subsidiaries
;
-
real
under
customers
holders
<
1945.
of
*
Taxes
Of
Ihft
from
T^xfll
made
are
$2,865.
This money will be required for
income tax for the year 1945.
Also, we
$8,500 with the trustee, pending settlement
deposit of
and
line
extending
Christh in
$4,447
of
sum
sufficient "balance
a
of
balance, we have
of the original principal amount
certificates,
Federal
stockholders
neS^on^ffaSfuWnCh
registered
said:
.•*. n
this
of
of business.on Dec.
31,
yet "received the net refund
the
escrow
1943
be
of
the
certificates,
showed a balance
Out
,
close
as
.the'corporation's
..
payment
letter to
a
income
16," 1945,
corporation.
mortgage
of
as
have "not
"We
15-year
July
the
in
15,
>
T945—Month—1944
1945—12 Mos, 1944 redistribution to certificate holders."-—V. 162, p. 503.
ft; $787,664
$830,261 $10,480,846
$9,808,201
I'M Superheater
3,770,594
304,923
4,085,307
312,318
Co.—Earnings—
504,972
42.649
41,129
579,569
!
.ft.'*' ft,.
(Including Canadian Affiliate)'.-'
773,375
65.810
781,132.
58,738
9 Months Ended Sept. 30—
1945
860,743
808,319
62,248
68,240
Period End. Nov. 30— :
Operating
Operating
second
record
dated
of
certain
underwriters.
Jan.
on
mortgage
interest
an
taxes due
14,526,869
15,044,136
ftftY yYYY
Public Service
treasury
the
of
Y
second
Monday. Tanuarv''?*
of.
Payment, Etc.—
statement
the
of
36,102,059
l?,93t,013
1,664,831
.1,378,970
1,562,584
income—4,;,
oper.
income
of
declared
•
Net
(50 Jones St., Jersey City, N. J.)
Harvey T. Mann, President,
ft in
■,
& FINANCIAL CHRONICLE
-
,
on
*
„
*
•
t
V.
*
•
•
.
Indiana—Special Offering—A speoffering of 15,000 shares of capital stock (par
$25)
made on the New York Stock
Exchange Jan. 16 at
$44V4 per share by Glore, Forgan & Co. and Lehman
.shares -of
ci-1
•
Blathers.
Commission 45 cents.
drawn Jan." 17.—V. 162, p. 2686.
Standard Oil Co.
The
offering
'
f
has
been
with¬
is
announced
sW k,. par
$27.50
iit
$25,
per
(hat
has
share
Sterchi Bros.
the
been
and
■Retail
.
sales
net
entire
issue
called
for
the
for
-_i_„
year
1929
wefe
the
$7,887,682
of $1,101,768, leaving retail aales of
tinued its wholesale business several
fThe'highest volume obtained
—V..
162,
Sterling Motor Truck
All
of
stock,
par
the
par
and
56,021
$10,
in
May.
;
been
one
The
preferred
15,
Payment
will
be
Milwaukee, Wis.—V. 157, p. 646.
Gross
next, ft.
\Ys Yi
$6,245,908
company
Net .from
at
discon¬
organization.'
; •
Jan.
on
Marshall
"ft'-'
•
<John B.). Stetson Co.—New
Howard
Jr..
p.
B.
Glass
has
608.
Co
been
Brown,
a
director
)i«»
&
21.
>
'
preferred
194*,
at'
Ilsley Bank,
Gross
f
Net
elected
Assistant
Treasurer
*; '
;
of
which"
•
•
1
"
-Nootbaar
President.
..
1
UNDERtVFlTERS—The
by each,
are
companv.—V.
161,
;,
1—
Y* :Y Y
railway__^i
railway_Y-Y'
162,
Wh<t.«,
Y 16,250
1942
$450,083
5,212
$358,487
ft
139,914
109,358
ft ft; 44,969
:
*21,004
67,708
4,459,951
" fti.
4,461,051
1,458.427
766,054
271,656
391,431-
;>
Tennessee
Gas
&
948,676
1
Co.—Common
built
the
the
35,347
Renublie.
Co.
common
stock
offered Jan.
Bo-^on
•
Po«*hs- A'
C.<J -nqip"
S'
Stanley Yr
remaining
812.100
,
.
574,100
1
shares
.
shares
•
offered
•
was
,'
238.000
for
the
"
shares
*
account
"
are
;
•
ft*.
of
certain
„•
■
being
•
from
Net
rv.
.
j:. ft
.
raiKav„_w._j
oner,
purchased
by the underwriters from the company, and 574,100 shares, being issued
,and outstanding shares of the company, are a part,of the holdings
.
Profs
from
Not
from
Net,
rv
•
railwayY—
oner,
vft Y
"
23.992
35,347
ft'.-ft 'ft
ft
51^4 nqft,
1°42
1043
t
gpfv prq
ft
*
11,361
74,007
57.374
;
*51,700
49,417
40.073
2,1.36.479
•
'
:
2,026,763
1,567,099
7"1
fioq ci
pnn n*J"
345,000
p.
1.850,210
p.pooc,;
income
162,
30.501
14 noq
14,653
19,884
*
railvav
"Deficit.—V.
Y.v
-
*
95^347
35.347
53,316
/
incomeY-
From Jan. 1—
30,501
r.59.'!
...ft aoq
1044
)°45
$105,103
35.147
14.653
Y'
r."i 1 way-Yft.
"
R 499
1A
Curtis^Y---*--Y
Texas Mexican Ry.-^~ Earnings—
November—
from
<
■ro.ft;
33.932
39.032
pftg
14.653
On._ft-„i_YY-^Y__ft_,v(
^o.__
35,347
653;
14
Corp,iY~ftY—-Y-Y—-i*~
3239.
ft'".-""ft., "ft-':
162, p.
f ross
.
14
14 068
Inc.YYYY-Y-Trr
k
35.347
14.653
Cb.YvftftftY-~Y---'~-Y-;
Wohhey Jankson &
Union
8,837 ft
Y 409
Co^,^_Y~~ftft——-Y--ft
Co^o(i_-_YW^YY-YYft•
P»"iu*«firs
Net
238,000 of the shares will go to the
company and will
purchase of four additional compressor stations
and
now
owned
by
the
Reconstruction Finance
Corp.
ft 3.663
Kuhn. Loeh ,J &r CoftYYYft
—V.
15
-
Inc.^Y——--v---YY-ft
Y-r.-Y^-YYw-Y.
Paine.
.
1
(Inc.)_—Y*-.---——'
toward-
stockholders.'
O?
38,861
14.653
Pm(th,
Stock
greeted
Proceeds from
of
16119
inr.t-'Y-a.Y.---HY'Y:
ChfotUe
TiOU^brifige-A; CO.YY*--
Rin'e«- fis Co..
W.
by
Blodget, Inc., and White, Weld &
Co. and associates.
Priced at $12 a share on the offer¬
ing, the stock during the late afternoon was quoted
1514 bid, 15% asked.
?
Y v
applied
123.077
<*- Co_Ya.—ft'i_i—-ft-'
.
Cr-.
The Firtt
.MftPnn
Transmission
the 812,000 shares of
Stone & Webster and
< New) from
H"rr'm"n
'
Oversubscribed—Prompt-oversubscription
,
Stockholders
r*** 'Si Co.
Dillon
286
p.
YY
Y.ftY
the:
51,023
W"'d
f"
C»ntral
456,885
1,062,599
of
Company.
V'ft'' :ft"' £'
ft-:--■"-• 'ft''ftft-1'".''' Y1
■<4*
Webster and Blodget, Inc—ft.——
Pnswo^b.
3,663,649
685,151
principal underwriters
! * Y
follows;
as
Goldr»i"»i.
3,566,421
the
*
-No. of Shores-
>
,
ineomei^a."'u
oper.
<
"
-
Blvth
1943
.
$320,379
ft
of
J
(New) from
Ry.—Earnings—
*42.401
numes
; •
Yft
fr
ft
'
•
rommot storkftrud the number of shares of common stock (new) from
the companv, and- from the, selling stockholders, to be underwritten
•
;
operations of Taylor-,'
the Lcs Angeles plant w
will ft
-V-1Q44
T n"*'
;
41..
br»q*We'r;red^e«instructioh,;
approximately 51-.
by
present
;
*,
stations is esti-
but because of unfavoraHi"* weu'"hpr;>j,;
Uiio
f(o-nre
the final costs may exceed this figure
...
whi^H
•
'
*
,
The cost of the construction of such compressor
made.
ft nr»ted " t annroximatelv $6-.30O,OOO.
.......
Morgan
being
of the
Pittsburgh
Cha**l*s1 M"nt**W'
the
railway
4:incomeYft.
from
rv.
Sale
Secretary
r>
continue
*"
of
-
liabilities of Taylor: Milling 'Corp;;
.
"Deficit.—V.
"
Director, Etc.—
and
Co..-will
"
oper.
Y. From Jan.
be
Plate
ry.
Issue
since
cumulative
redemption
made
Purina
•
i
r
according to H*. V
Y-'ft '•'ft 1945 ;i'
railway„_Y Y $308,228
from
Net ?from
•
month
51
of
1946,
Y '.November—
' Y
*$7,820,561
*
for
Ralston
1.
ft Tennessee Central
history of the company. Total
which included whole ale sales
$6,785,914
shares
cajled
Y
Net
i945__io
years ago.
any
of Jan.
par.
/
-
plan whereby the Ralston Purina
ft;ft,. .Milling Corp. and the operating personnel, of
remaln suDstahtiali/.the same,—V. 157,; p. 1567.
52.
p.
Co., Inc.—Calls Stock—
outstanding
have
dividends.
160,
on
.'
312o.
p.
redemption
J045—^M-nthYiPd*
t$985,G66
$794,082
^Highest volume of retail sales in
as
$20
■v
of. 51.;.cumulative
dividends.—V.
"of
-'.Y.
'
elected >yice-' *>
Stores, Inc.—Record Sales—
PertOd End. Dec. 31-r-
sales
effective
'
Stanley Works,. New Britain, Conn.—Calls Stock—
li
'
Y, * ''s Y/
'', .V' v r
Taylor Milling Corp.—Sale Voted—
-Y:;'vy'v
(Ohio)—-New Vice-President
T, Fosfe-, Ass'st^nt io the
P'-eeJdent,
ident.—V. 162, p. 3237, 3120 and 2686.
*r4
,
The stockholders have
approved a
Co. will, purchase, assets-and assume
The
vric
i r
was
stock
common-
.180,440 shares will-be outstanding.,
was
■"
J77412
519,596
437,337
2862.
(Continued
on page
356)
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4457
163
Volume
Stock and Bond Sales
IB®DAILY
MOTIC*—Caen and detorree delivery sales art
New York Stock
«»
WEEKLY
-
week.
-
furnish
we
Figures after decimal point represent one or more 32d of a point.
4 Vis,
1947-53
i
-
2Vis,
[High
\ Low
Sept.,
3 Vis,
1946-49
.
Art*
1
*•.
—
103.2
fHlgh
'
-
'
103.9
103.14
] Low
103.2
103.7
103.12
103.10
103.6
102.30
[Close
-
103.2
103.9
103.10
103.6
102.26
Total sales In $1,000
units-—-—1
.
19
_
Total sales In
Low
t%s, 1952-55
rir r.;v;:'
102.30
11
13
1 Hlgh
% V-—
—■{ Low
[Ctobc
$1,000 units——
fHign
2»/48, 1951-53--——
[Close
:
Exchange during the current
'
Total sales In $1,000 units
1 %e, 1849-S2— - ;
year.
[Close
2Vis, Dec., 1967-1972
[High
j Low
r
..
.
the
(High
<{ Low
1967-72
Total sales in $1,000 units
[Close
Total sales in $1,000 units
for
Daily Record of C. 8. Bead Prices
Treasury
$1,000 units
3'/♦«, 1946-56
range
'
.
.v.r.
the
Exchange
the New York Stock
on
^
f High
1 Low
[Close
■
Total sales ha
the New York Stock
on
Dally Record ef D. 8. Bond Prices
Treasury
account la taken of snob eaies in
compntins
daily record of the transactions in Treasury and Home Owners' Loan coupon bonds
3
Exchange
YEARLY
■
disregarded in the day's range, unless they are the only transactions of the
day. No
United States Government Securities
Below
-
321
-
Close
Close
onlui.
Total eales In $1,000
Total sales In $1,000 units..
Hign
Low
Si, 1946.4ft
Hign
iV4s, 1954-56
Low
Close
Close
$i,00C
Total sales in
units.
Total sales in
$1,000, units..
v
High
Low
as, 1951-55
'
'
2 Via
High
1956-59.
Low
Close
Close
Total sales to $1,000 units.
Total sales in $1,000 units.
High
$%«, 1955-60....
Low
_
102.12
2Vis, June, 1959-62-
102.10
Close
Total sales In $1,000 units.
2
a%S, 1948-51._
Total
;
low
2s,
102.13
1947
..
Closs
Total sales In $1,000 units.
102.13
sales in $1,000 units.
'High
$%■, 19S1-A4—_
9
102.13
Vis, Dec., 1959-1962—
units.
Total sales In $1,000
102.10
Total sales In $1,000 units.
Total sales In $1,000 units.
25
■)-;
fHign
.-{ Low
I Close
1 High
1%S, 1956-59___
2a, March 1948-50—
Total sales In $1,000 units.
Low
.
(Close
Total sales
In $1,000 units.
Hign
«%S, 1958-63
Is, Dec. 1948-50
_
Low
.
Close
Total sales In $1,000 units.
Total sales in $1,000 units.
•
rilgll
f Low
2s, June, 1949-1951.
...
Total sales in $1,000 units.
103.9
[Close
103.9
I
.
i*S, 1960-65
103.9
Total sales in $1,000 units.
[High
104ft
2Kb.
A ***
2s, Sept., 1949-1951
—
(.Close
Total
sales In $1,000 units.
Total sales in $1,000
High
fHign
Low
•%S, 1949-53
iinlts.
2s, Dec., 1949-1951.—.—
Close
Total sales in $1,000 units.
fHlgb
2
.•{ Low
(Close
Total sales In $1,000 units.
.-{ Low
Via, 1950-52
$s,'
[High
March, 1950-1952—
■I
[Close
Total sales In $1,000 units.
Total sales in $1,000 units..
"fHlgh
fHlgb
| Low
2MB, 1952-54
Low
[Close
2s,
Sept.,
1950-1952
[Close
tLow
Close
rotal sales in $1,000 units.
Total sales in $1,000 units,
High
2Mb, 1956-58...
2s,
.
1951-1953r
Low
—
Close
Total sales In
$1,000 units.
Total sales In $1,000 units.
fHleb
-{ Low
[Close
2M1962-67-.
2s.
Total sales in $1,000 units.
"fHlgb
.
_■{ Low
[Close
2MB, 1963-1968
2s, June, 1952^-54..
Total sales in $1,000 units.
.
Total sales In $1,000
"fHlgb
units.
High
Low
2%s, June, 1964-1969..!
1951-55———
Total sales In $1,000. units.
2s, Dec.,
1952-54—
Lew
[Close
Close
$1,000 units.
Total sales In
Total sales In $1,600 units.
Tsigh
2%s, Dec., 1964-1969
" j\,'
• V'r i, o • £L
>
Total Sales in $1,000 units.
[High
i.{ Low
2s
Low
Close
Total sales In $1,000 units.
"fHlgb
[High
Low
1965-70..-.—..........
2%a
1953-55
[Close
v,v,-
l%s
1948
Low
——
[Close
Close
Total Bales in $1,000 units.
Total sales in $1,000 units.
High
1966-91
2 Vis,
1Mb, 1950.—.
Low
~
■$.....
vClose
Total sales in $1,000 units.
Total sales in $1,000
♦Odd
2Vis, June 1967-72——
lot
sales.
units—.*
—_
JRegistered bond transaction
Total sales in $1,000 units.
NEW YORK STOCK RECORD
STOCKS
1
Saturday
:;:'s
Jan
.
12
Monday
:
Tuesday
,
t par
$ per share
Wednesday
■:
Jan .15
Jan. 1*
•
thare
I per share
: ;
Thursday
Jan ,16
Friday
t per share
i
:$ per than
per
Sales for
r
NEW YORK STOCK
the Week
Jan.18
Jan.17
Range for Year 1945
lowest
Highest
Par
1
$ per share
♦113 Vi
*120
91% 1
114
V-
114
34
22
94%
130
22%
*46
7vv:,'
94%
•113Vi
'
•
125
•113
'
17%
18 Va
33 Vi
34V*
33 3a
34Vi
48 Vi
22 Ti
124
r
19%
55'A
19 3A
•35
35
.
;
19%
35 Vi
50
36%
34%
22 Vi
573/a
55%
56%
130 >
9%
*123%
9Vs
9y4
9%
5%
5%
5%
6
*123%
•
:>
557A
*67
43 VA
*103
23.%.
130
19%
57%
*i23y2
>,
50%
36 Vi
i::
5%
126
v
9%
:'
6
:
:
"v-
r.
-
,,9%
5%
126
,'
58%
59%
70
70
70%
70%
70%
71
44'A
44%
45 Vi
46'a
45%
45%
24'A
*103
24%
106
*103
24%
195 %
*194
237a
24 y8
24
24
35 3A
36
36
36 %
24
196
197
Vi
footnotes see page 331.
106
22
9
?
v
55Vi
557s 1
^
23M
130
8%
97a
6Va
67a
.v.-
20
.
Express
Corp
Alabama &
.
Allegheny
9
115
Jan
15
114
2
25Va Apr 23
pattf
Gold
Min
Corp.^
17
2
^
-
98 Vi Jan
6Vi Jan
47
1M
:8% Aug
Jan
'
•
24%
201
♦104
24
202%
106
24
207
58 Vi
60
57 y«
61 Vi
;
*72 V4
74
73
747/a
;
45Vi
44%
45 7i
•
4434
t
■
•
>
36,200
"
1,800 '
pf A with $30 war..
100
12.50 prior conv preferredJVo par
n
11
6
56
122
V 34% Jan 22
-Alghny Lud Stl Corp.
10,600
'
106
! 106
23Vi
207
110
06
24
23
210
Vi
05
!
y,
:
24:
24 7a
24%
24%
24 5s
247/s
24 Vi
247a
36%
37%
37%
37%
37 Vi
37%
36%
37 Va
20
Alleg & West Ry 6%
'1,100
/
Allied
4 900
',11,300
'
Kid Co
No
par
.
— ..No par
Jan
-
vi
153% Mar 16
10%
Jan
lT
Dee
26%
Jan
33
Dee
19% Jan
24%
,
July
Jan
100
Dee
Apr
::
37% May
Dec
75
6
,
9% Nov 16
6%
6% Dec 17
2
Jun 21
Dec 17
Dec
6
Dec 17
25Vi Dec
5
,
194
Dec 10
24V4 Dec
10
8
2
Oct
''43
Dec 26
277i Aug 21 ."."36% Dee
157i Jan
Dee
Dee
12-
60%
74
42 Vi
108
23
22Vi Jan 24
91
Jan 11
13Ti Jan
2
100
-—1
—8
^
Allied Mille Oo Inc.
56
No par
gtd
Allen Industries Inc
Allied Chemical & Dye
2.200 *
206
5% %
Jun
84
10%
Dec 10
-21% Dec
2 <&'.
2% Jan 24
:
84% jun
108% Nov
27
47Vi Dec
22
.
1
;
Feb
26
34% Nov 30
17.
i 38% Jan
.100
—10
Dec
52%
Dec
•
21% Dec
6
-
:" Jun 15
35
v
24
22 7iApr
:
13
17% Dec
13Va Mar 26
32% Jan
10
—1
Nov
.
•
Par
No
88
9% Jan
60
'
1
No
Vlcksburg Ry
Alaska Juneau
191,600 "
<
v
C 111% Apr
2.50
10
Air Reduction Inc
30,800
,
i
Highest
t per share
'
6OV4 Jan 22
v
No par
Go_
Address-Mutigr Corp
Admiral Corp. _■
8,300
y
9%
6Vi
.100
Motors
Adams-Millis
v
6,600
^
24%
•
Adams
7,100
40%
preferred
Acme Steel Co
300
19
130
,
57,a
i%
No par
Abraham & Straus
ACF-Brill
12,000
18 Vi
?
!
3,900
52
.
,
70
Abbott Laboratoriea
25,800 4
227'i
'
110
!! ?
■j,."
'
Vf 34%
49 Vi
%
share
per
•
Mar
23%
Jan
37
Jan
24%
Apr
70
9%
1*1
Jan
Jan
Apr
13% Mar
29
Aug
7% July
3%
'
70
106
.
,
39Vi
56Vi
*123Vi
9%
57
45 3,4
1,100
.
;
18^8
19 Va :
55Vi
57%
59
j
40 V4 ''V
& 19 Va
6
125
34
23
40
56 %
<
22 M
57%
S.:
116
167/a
: *49 Va - 52
19%
-;v4r. 56%
126
9y»
:
T9,?'?"
18
^[■34%?y34
38
56
*194 V2
For
19 va
57
19 7i
13
25
"S
s
124
:■
17 V*
22%
50%
.
115
V'l 94
'
!
34%
94
97
115
•
18 Vi
34%,
22 7 i
50
35 Vi
124
'
*95
17%
■:
22%
48 Vi
97 r
115%
•
•120
183i
22
48
97
115%
*122
v
1734
17%
33%
95
•120
116 ■> -<!
.i 125
16%
91Vi
Lowest
# per share
'
91 Vi
*; Year 1944 ^.s.;
.
.
Shares
ihara
Range for Previous
I
EXCHANGE
>.r,
Dee
$6
:
.
Dee
62
>
Dec
29% July
91
Dee
T8% Oct
187
16%
Dee
Feb
35 v« law
THE COMMERCIAL ft FINANCIAL CHRONICLE
NEW YORK STOCK
t
» per share
52%
105%
567%
57%
56%
143
33
33
•32
Va
*148
151%
.
547a
57V2
43
42
42%
42%
83%
82%
84 y2
83
85
26%
29 %
29
30
♦134%
135
16
15%
15%
15 Va
103 »/4
104
200
f
105
199
*199
39%
39
155
28%
27%
106%
106%
8%
•19
19%
If
•39%
40
&■'
8%
40
8%
■•/
*
12%
-
1
*13%
50%
■•-"/
42
37%
37
18%
36%
-
14 %
15
14% ••
105
97%
v:
19%
18%
297s
31
377/a
37%
30
7
180
;
♦49
"<■
50
44%
30% if
30%
"I
48
48
1917%
90%
52%
•
48%
' ;
'
90%
91
♦167%
169
25%
26
69%
70
•
92%
91
,
•/
•120 7a
122 ' :•
'/ ■■ 25
25%
•109%
110%
39%
i.,1
70
40%;'
92
122
1
68
69
122
12%
11%
11%
11
v
60
49 V4
58
•
.
49
49
47
•V
8%
114Va
47
47%
21%
21%
»
8%
F
"
:
21%
21 %
8'%
.
8y8
.
39%
13%
13%
29
81
48%
,
•
14
137
137
457/2
2134
59%
59%
60 %
*108%
1C9%
-*108%
2572
■26%
26%
19%
26%%;
197/8
197a
47 7/a
48'/a
•
•
o
137
135
20
19 7a
20%
48
■-■.
:f
./
49%
■
,
A
136'/2
136
f
*'
%;■
27
1934
49
49 »/a
134
fiv 139
vfV 135
135
V
267/a
V 19 %
X- 48 7/a
139
139
135
109V4
109%
19 »/4
,
140 "Fx?
134
137
2678
/
'
•
*105%
107
108'/4
108 34
109%
120 7/a
1207%
77
39'/a
39'/a'
;
3934
40
:;:f
'117
108
■115%
40
:
26'4
94
94
94
947/2
*132
134
Iff: 26%;
56
>
•56
..V
25%
16 3/4
■'
126
*125
132 "/a
95
7
1321%
26
2574
18 34
*5 5 '/a
27
19 '/2
20%
1257/2
■
FV
*84
.
.
:f
: -'
1337/4
28 7/2
20%
*557/2
56
120
If
*27'/a
120
30
30%
30%
32
11
11
1138
11%
117a
«/a'
.64 </a
65%
37%
65
36%
377a
35 7/a
35%
37
277a
28
281/2
28%
30
297a
30 7/a
42%
43
4434
44
45%
45 7e
46
47%
•42
48
f
42
53
53
22%
22 7/8
137 i/a
59%
•
26'4 ■'■ ~j
26
367a
197/2
19 74
461/2
487a
-1/ 1377/2
139
135
135
if.:'
*52
55
*105%
55
i
108
f, if:
109
119
i
1091/2 f
119
107 f
3i3^
120
857a
85 "4
85 34 7
38i/2
397/8
117
39
f iff
"
117
■
267s iff"
,f
261/a
*56
•
:
96
*132
135
39
•'•58%'F
135
187a
9434
Dec
40J/2
Dec
10 7/8 Dec
10
4
58 ,-Dec
>1
Dec
6
14 V^ Dec
-
6
Nov
13
109
Apr
ey4 Aug
46
Nov
*
103
15
3
•
76% Oct
-
y/ 77/a Aug
14'/a Oct
.
54
Oct
29
6
SVa Aug
i
123
50
Jun
28 %' Dec
•
1
lliy4
Dec
Nov 27
24 ya
Dec
Nov
41
12% July
19% Dec
6
39% Nov
20
/
Oct
Dec
8«% Dec .31
13% Nov
Dec
26
130
43
142 '/2 May 24
3% Aug
13
66 y4
3
Dec
r
1043,8 Dec
;
95 3/i Dec
3
if 60 '/a Dec
19% Dec
10
127/, Aug
184
307/8 Dec
VF.
12%
11
Oct
15
99
44% Nov 30
68'/4 Dec
2
3 F;
9
181
«
Dec
Jan
Jan
26 Vi
Jan
.
164
Aug
36%
Jan
Jan
10
Dec 31
Dec 10 /
Dec
3
Dec 19
Nov. 17 ■,
Nov/ 9 /
90
Dec 13/
917/4Oct 18
1617/a Dec ,5
;
146
15
Jan
112
Nov
197a July
Feb
56
111
Jan
Dec
132 <
26% May
156
Jan
75
July
152 34 July
Jan
Apr
116
Dec
751 July
/,
Jan
8%
3914
Dec
Jun
166'/a
Jan
139
Dec
-
31 %
Jan
56%
57%
15%
Dec
49
Jun
120 % July
Apr
■
6»4
Jan
8414
Jan
6%
Jan
67%
8
Jan
9
83
Dec
257a
29
26% Dec 26
'8% Jan 23
Dec.
IflWVfDet
,16'/a Jan
247'8.Dec 31
69VaDec 10
121'/i Mar 15
- /
Dec
45%
152%
Jun
:
•>.
•
43% July
165%
Nov
22*4
Sep
Dec
"3714 Dec
39% May
6
437/s Dec
18 »/a
19%
Feb
147-:
11
31%
507/8 Nov 30
/
Aug
17% Juiy
7734 Dec
Jan
62%
F 13%
13%
|
38
Dec 27
31'/8 Nov 13
.
;
180
Mar 16
:
Jan
2 v-31% Dec 26
F^100% Mar 26
140
Dec
6 .:
5% Mar 27 rF;; li% Hec
3
...
Dec
93/i July
%
16
41% Dec
3
99% Jan 11
F
7914
•
Dec 12
■
•
———25 Fv.;60% Jan 23 F
29% Jan 2 ;
preferred
16 y4 Aug
100
..Nov
9%
Dec
.107
Dec
4
Jan
44
Feb
65
Dec
24%
;
Ju» 22
-38'/4 Jan,' 6
-
Dry
:f/119
120%
317a
No par
v*
/
5%
30
v.
•
conv
——No par
preferred
—a.-—
r
Nichols
Austin
/
Jan
29'/4
Dec
39
Dec
6% July
25 X Jan
,20
Jan
28% Julv!
,
D*c
1414
v
474.-
Aug;"
6% July.
.
107%
Dec
119
Jan
48% Jun
100
—No par
-Nonpar
—No par
Jan 2
x29%
Jan
2 ;,F 193/4
3an 20
48
Jan 3 .140
Jan -4- - 139% Nov
Mar 9.
52% Dec
1057/4 Dec 26 ■/ 1087/2 Mar
"
763% Jan , 31
113Va Nov
101
Jan 30
120
Dec
4814 Jan 22
8314 Dec
..
33 J4 Feb
1
45
Nov
F; 71% Sep 7 ,, 8334 Nov
F. 3014 July 27
427/8 Dec
/ 110
Apr 20
120
Nov
; 147/8 Jan 22
277/8 Dec
, 6534 Feb 19
F 58 / Jan
60 1 Jan
2
94'/2Dec
/ 113
Jan 25 " 130
Dec
1814 Jan 6 ; 27 % Dec
; j 1014 Jan. 22
20'% Dec
77 • Jan 2 "131
Nov
-
0% Feb
Dec 6
Dec 11
Dec 29
Nov 19
45
.
,
.
,
8 V4t
prior A————
Jan
12% July
-Fx 13% Jun
19 7/a Dec
Jan
12'/a
90
.
i
.
8514
15
-
Jan
5314
Jan
82
Dec
Nov
■
May
10314
113
if 113%
Jan
20
Jan
33
23
27
11
Jan
X
4574
Sep
108>/a Nov
83%
Dec
106'4
Dec
25%
Jan
25
Feb
387a Nov
59>4
3
16
20
Jun
76
rfv.55
Dec
Nov
7
247/a
28
10
23
l7
26
• 6
29
107%
Feb
11%
Jan
5374
Jan
57 %
Oct
52 y4
Apr
62
Jun
.
112
327/a May
Jan
114
«
May
Dec
■; 12074 Aug
Dec
20
13% May
7 4 Jan
66
Apr
'7' 84% May
f ' - IS7/! Nov
14% Dec
3%
Oct
17%
v
14% May
/.«
29
Autocar Co.
-—,
5d . F*14-V8 Jan- 2 :/ 29 Dec 22
ftfiat.ior. Cnrn of tv1 'The)
.'
* ; //514 Jan 24
1014 Dec . 4
$2.25 conv preferred-—~L~No par '
587a Dec 20
63
Dec 3
$5
'F 7,000
188.900
,
Atlas Tack Corp.
580
117a*
:
preferred-,
Atlas Powder——
1,400
7,600
—100
5
—50
pref series A
Corp———
6%
—100
25
preferred
Refining
conv
Atlas
■V
33
11%
7
non-cum.
4°!e
100
:
'■♦
•-
197/a
68 7/a
f
1
;, "■ 68%
/697a
■5,300
697a
87
37%
36%
•/«
Jan
vr
30
28'/a
46 i/a
437a
457a
Baltimore it Ohio..
"
23%
237a
78
80
46%
46 Ya
47% if
3,700
491/4
49
50
2,600
Barker Brothers
'
487a
48
48 3/a
4772
48
46%
45%
46
471/2
45
45
47%
53
53
53
*52
53
53
23
227a
23 7a
24%
23%
2474
237a
24
23%
22%
31,600
,
237a
537a
f
22'/a
23
23 7a
23%
22%
23
44
45
45
46
467»
467a
46i'a
47
46
"
60%
60%
61%
60 7/4
60%
61%
63
62
64
107%
1077a
108
*108
107
108
1087a
240
270
4%
preferred
4^ib:o
Barnsdall
10,900
Bath Iron
2,200
'
Bayulc
4,800
-
Beatrice
90
Oil
—.—
Co—
-
Works Cotp.
Cigars Inc
Creamery-,
84.25 preferred-
.
—No pa*
-
preferred
27,300
.
47
59%
1,100
•
53 %v, 55
22 3/4
107
—--100
IOO:
Bangor & Aroostook
-——--50
Oonv 5%-preferred
100
fearber Asphalt Corp—10
42%
237a
Locomotive Works—L—13
Baldwin
82,300
30
447%
.
45,200
377a
29 '/a
80
Smelt—-—-1
Corp
Atlantic
13,700
F
.-■••'/•
"•
27% f 27%:-
117a
200
710
19% f ■ f'.'V
33
5%
11,800
440
977a
24%
-
———
Assoc Investment Co—
'-/.■■•■■';
29
1207/2
;'F
26% "f
23 7/a
'
257a
56 «/4 Dec
2
3
;y
par
—No par
—100
preferred•—■iislOO
Santa Fe
->.100
*■"5% preferred——-.—^^-100
Atlantic Coast Line RR:
--—100
Atl G & W. I SS Lines-*—
1
1,200
71:'
118
79
page 331.
Jun
102
11
>,
-2
-—-—No par
Atch Topei a &
5,900
/
247a
■
15
Nov 19
40
116 y8 Sep 13
5%
80
9,400
39
•
78
,
7°!<>
•FF 2,100
24
see
6%
100
*
•
xfi
80
607/4
1
Dec
Mar
5% Mar
1093/4 Dec
2
Jan
Const?bie
Artloora
Associated
200
.
ff
ff:
787/2
43%
For footnotes
xll7Va Nov
3
1
65,y4 Jan
145'/4 Jan
Corp—-—--1—5'
s
ll1^
No par A1-10
Goods—-————_1". FF 18
1st preferred———.100
113
2d .preferred^
.^.^-100 :% 111
Arnold
■
78
:
29
20
Copper Mining-———50
Anaconda
200
2472
107
No
Elec
Wks &
Woolen-
85 prior conv
,""
90O
/
78
*1067/2
28
8% Nov
F"13% Mar27v;
F'F 43% Mar 27
—_100
uiii—
preferred
1st
Preferred
3,300
V 5,100
V;'
FX i
59
'
#
1391
43
107
11'4
4% AUg
:
t
135
22'B
106
————100
—
Amer Ziuc Lead &
300
-
197a
48 74
24%
i/a
-65!
Anaconda Wire & Cable.——.No par
20 m
77
22%
14
'
,
F
112
2278
AJf
i
24
*52
Dec
3
•
48
f; 77'/a
:
"
771/4
24
Dec
.36 Va
>>
,
♦76
24
-.
:r:
7,Vi 11%
67'/a
26%
24
Dec
10714
F Dec 31
~
34%
*76
197/4
i Iff 119
i
30%
10 >/a
41
*132
-
28%
7
•109
109
397a
267/2
20
107/2
637/a
593/4
96%
28%
x62'/2
Aug
*
9534
10'/2
63
14%
*135
56%
28 3/i
627/4
21
123%
F
60%
bi■:-:ix *557a
29
:
45%
13%
'
135
19%
1147/2
122 V4
.
137
3974
116'/a
9634
29
7:
■
15
20 %
,
9%
807/2
*84
38%
85 V2
26 34
i 957/4
^133
131 y« Nov
Jan
••
49
Nov 28
57% Dec 10 l
>1,200
Anchor Hock Glass Corp——.^.12.50
24Jan 6 y 45 . Dec 10
-1,600 :
$4 preferred —w
—No par
109 ". July 20 F; 113
Dec 13 |
"Anderson,oClavton & Co——Z._-21%i
38J/a July *6 •
49
Nov 30
•4,200
;
Andes Copper Mining
——-.,20
127/a Aug 17 23'/a Nov 28
1,400
4'% Jan 2. 97/8 Nov 5 "9,600 • A P W Paper Co Inc.- - 5
Archer-Dahieis-Midland 1—No par .„ 23% Sep 13
30% Oct
2.900
Armour & Co of Illinois—.
ixjr—5 F - 63/a Jan -215
Dec ' 3
68,100
$6 conv prior preferred
No par102'/a Mar 27.
127V2 Nov 27
,F-F 820
?
630
FX?f«. preferred
—«/-^100 - ..111-1 Mar 27
Ill Nov F.^
/ F 4,400 F Armstrong: Cork ^Co.^—---No pa* <
42 */4 July. 27 • " 59-%'Nov 8/.
$3.75 preferred
No par
• 106% Nov 21*
103 Nov 27'
, 100
47'/a
Feb
43 7/4 Jun
.
*
39>/a'
263-8
"
95J/2
125
>
38%
$6
-
29%
123V4
79 7/2
:
56
19%
,
108 J/a
:•
,116% 116'/a
26 7/e
■
27%
124
126
387a
133%
.
■
38%
117
'
■f'-'
f'4- 119
81
40 •'
*116
108'/a
.10%
16 F
•
19 Va Nov
F 153
Feb / 9
2V/u Jan 2
~
119
79
85
3874
:
'
26%
56
;
:;v- 41% Apr
Foundries Inc——F---10
Corp—
-—14
Water
Am
41.500
58
27% July
115 7/a July
107
0% Dec
Jan 22
40'/4 Jan
164% Jan
/
••
Viscose
American
1,500
;
F:
48%
29%
*105 f: 107
r
109 Va
.
*116
39%
i1 *38%
'•!>; 85
85
H6V2
108
*52
-
ff 105'4
80%
79
267/4
56%
26
...
53
■
105
119»/2 120
80
*52
I'
110'/a i f :
107
109%'
78
*80
85
3934
117
f'-
55
*1057/4
39%
39'/a
55
107
120
£&:■ 120
-If
77
*80
55
*52
55
*52
*1051/4
-
/
-
Dec
Jan
Nov
23
15 V
14
18
29
57
4
17% Jan 15
32
Aug 21
■
-25
preferred
►"*~5%
FF 62,600
14% :
X/ 9as
1438
'
H 59%
60 V'4
59%
143%
99%
'
136%
*109
•
50
49
140
'
.
*•! 139 F, 140
V
•
123
20 Va'
30
-v'/14
109%
2574
109%-
207/2
30
1367/2
F 44%
9%
2
2974
14%
''
.
42% July
Jan
1
8'
1237/2
137
;F;
*113
114%
1237/2
123%
46
'/'
21
FF13%
14% V
123
47
45
^
83/4
2974
2974
29%
i
./
80
F: 47%
^56
59%
*113
■•/,
21 Fv
8%
8%"
59%
.
135
29%
14%
137
136
•136
46
137/4
80
F 81
V
114%
'
.141%
1474
4774
FF58-/-;
47 •■•■■ •
;
47
21
142
142 *
14 V4
59%
•113 '
X46
--.8%
123
*121J/2
c:Q
*108%
-
13%
r.
123%
136
'K
48'/4
-
'
Apr
68 3/4
1093/4 Jun
s
.
Oct
Nov
183 »/a
Jan
33 Va
1
•
F 18% Jan
_-_25
preferred
6ri>
American
13,400
397/2
59
21%
F?
95'/a July
16
FF 17% Jan 16 F s 29 \
F x 22% Jari';8 3 <
31
41- Aug 21 *
60
,128% Jan 12
151
■
29% Jan 2 v 53%
100 F F 157Fl Jan. 31
196%
class B—
Amer Typfc
16.800
1474 Z
47%
46%
'
*21
120
41%
"■
29%%-;
29 %
♦122
V
•
120 '
July
11 A'
27 7/2 Dec
,
par
Tobacco—
Common
270
:
26%
'
47
60
Sep
14
3
No par
No
Co__
Telep & Teleg Co
Amer
/
23,900
29 sc.'
110 Va
80
•113r? 114% 1
*113
114
*112%
46%
16934
133
-
170'/a
31
Dec
69
75JanF 2
—100
—
Stove
American
1,800
5,200
2
3874
79
48% '
93 7
25%
47%
60
Va
;F 26
& Refg—
American Stores
2,200
!
110 7/a
27
149
F 29 V'4 NOV
F 108
No par
—:.—100
x-25
6*7
non-cum preferred—
i—100
Amer Steel Foundries———No par
-8,500
.
•c
91%
;
4
*47
50 Va
1931/4
4774
12%
13 / ::■
48%
-
6OV2
48%
60
58%
'>
Amer .Smelting
600
,
110 V4
26 >/4
79
*76
\
■
48%
'4814
,
■:;•'■
*10934
27
49 "
12%
:
47% •/
45%
79
*76
80
*76
.
:
x68%
C
.Dec
48% Apr 22
par
100
——
American:Smiff——
3,900
-
"
?;■/ 141
141
•
F
110 Va
38%
142*%:/
142%
—No
Locomotive
preferred
;X Preferred
,-•
\ 200
57,300
/ 200
26%
42
3
3
2
Jan 2
Mar' i
5
Jan
47
Mar
687/8 Jan
18.50
American Seating Co.No par
Amer Ship1 Building Co———No par
20
1
93
v
Nov
F 156 '/a Dec
383/8 Jan 24
50
preferred;
conv
/' F'* 4%.% conv preferred—
F American Safety Razor
15,900
91
168%
*120
40
50
F 2774
707/2
Jan
Jan
Jan
.
*
*109%
"
151
191'/a
2874
120 Va
27%
111
,
Invest Co of 111
American
169 '/a
120 »/b
x
27
Fv 2y8
98
20%
91
American-Sugar Refining—_—-100
Preferred
100
Am Sumatra* Tobacco.1
No.par
93%
69 %
'
127
3
No par
9
Jan
—7'/a Jan
;
F:-Fi6.500-
28 Va
28%
103/4 Jan
.
60
l—-If
FV ,1,800
168%
169
169
——
331/4
F
673/s Dec
;/
-
3
22
26
24
:2
Dec
199
5
Jan
5
Jan
8
Jan; 2
Oct
Apr
82
110 Fjanv3
10
55y4
■
927/4
93
5%
1%
:1,000
45
£ 150 V'4
;
51
par
52'/a
194
92
:■■;:
93
f
.U 27%-.
70 %
.
if-" 39
144
143%
91%
::
2874
.
*108
-
19374'
91-
168 Va
/
",*26%
■
"
1937%
v
r
27
par
x32%
:15tn'%
50%
:Cv' 193 %
51
// 50
9274
-
27
39%
142%
:
91%
•
153 >/4
*151
4934
92
if* 120%
109 T4
109 7 8
-
1417/s
337/2
150 w /
112 »/8 Oct
10
preferred
Internal Corp
American
f
-520
>
m
33
33
28 y8
71
70%-
483i
/
527,2" > 53% v
-167%
*120%- 122
39 V8
32
400
6,300
%
49i/a-
F33
31%
r
Colortvpe Co_
American
4,000
69%
43%
5274
8
May
126%
Dec
.
II,010
180'/a
*-%■
33'/2,
151
Fr 'r
68 7/a
.
447«
31%
194
29
28
175
39
96
/
——100%
No
Jan
17
•
2,600
.
1801'a
v
•..
52 ;\V
91
-.
167%:
165 7a
'"-'I*
i
33 '/a
/•-:
193
-
91%
91%
"F':/
4934
Chicle
conv
Amer
2,740
43%
31%
'■'•49%
49%
193
■ i.-" 102%
90%
327/a
43V4
32
150
150
*148%
30'/a
54.
31
•
■■;•■■
//V
98 Va
38%
31%
31%
32%
37 7/a
52%
-
31
• ;
431/4
44
/ 44 3/4
190
97V4
Z
687a
No
Inc.-
preferred—
135
.
19 Va
31
*165
175/fe"
■
.
43;%
45%
44 U
.
30%-
C
191%
*165
>
971/4
*182
181
.
100
Jun
46
x
Mar
Oct 17
Aug 21
Feb 15
183% Jan
par
Dec
19%
Jan
.
106
987/2
49V2
493/4
49%
49%
/V
.
18
F
32 y8 >V:F. 305/a
►180 72
181
Cable
100
-_No
Fdy._
preferred
;557/a Oct
Mar21
'72 >/a
Jan
'
105
190
68
673/4'
67V4
180 Va
19%
43
'
150
*148
45% f
•
31%
-
51%
■
~
51%
31 %
*30%
43
67%
49
39%
82
FfV/ 94 »/a
F/F': 18%
98
X 3072
30'/2
42%
1 *164 '-tH 170.-
166
•162
43%
42%
49%
30-"
/ 181%
181
c
Dec
23»/8 July
Jan
7%
•
vF-
106 7/2
98
4274v
42%
■.•67%
67%
180'%
49%
162 >f
162
42%
67
180%
-
Jan
45 Va
Apr
37%
Jan 30
Amer Mach & F ly Co
No par
21 j Mar 26
6,900
Amer Mach & Metais-x
No par
F': liy8 Mar 27
7,500
Amer Metals Co Ltd
No par
24 Va Jan 24
9,600
6 % preferred
220 F
100
130 l/a Jan 26
American News Co
No par
F V 350
41'/j Jan
2
Amer Power & Light
No par FX
2% Jan /, 2
154,500
:•
F $6 preferred
3,600
No par80'/a Jan 22
$5 preferred
No par
/„ 54% Jan 22
6,300
Am Rad & Stand San'y—
No par
1; 11 % Jan 2
52,600
VPreferred
■——-^
———100
176
Jan
2
American Rolling Mill
25
15% Jan
2
46,000
142
16 x
•:■-; 3872 "383/4
30%
-30%
-
31'/a
Dec/
F'
237/a Dec
Aug 21
No par
.
6% Jan 5
American. Ice
IF 6 % non-cum preferred——L-JOO; /F 70 • Jan 15
,
v/.F"
'
19 y4
80%
FX
6%
.
23,200
38%
38 7/a
•
100
1
,_25
American Home Products
i 230
::F
43%
117
31%
98
373/4
:/--*3T .••"
38%
F;:
v.
16 7/s
*182
31%
97 y8
;
Dec
'%F
F I 500
37%
.
-
19 »/a
19%
30%
98%
51
&
par
;
&
15'/a
x41
128
10'/a
897/2
-
American Hide & Leather—.^——1
.V ^,500
:
18 i/a
95 /■•
:
190
*182
32%
37
30%
42 y8-
66% -X
66%
38 V2
95
Fv/19:"/
'
13%
421/4
■
■;
f
'
117
—No
American Hawaiian SS Co
6,300
153/4
*507/4
82
104
105
v
18
F-:
50/, .' 697/a Jan 30
—1
Corp.,—
Co
#7 2d
1,700
,
12%
vv.:
39J/2
151/4
15>/4
943/i
,
80 FJun
preferred—
No par
preferred A———.—No par
preferred—-—-——No par
$7
V $6
1,700
'
j
,
10074
157/4
142"-/.fV/,; *140
*80 Va
82 V /
■
103 /
"
97%
-
'A
109 y8
12 J/4
;•
v
(900
•
14%
19%
190
.
31%
30
.' •
42 %V,;
42%
51
98%
38%
30
180
32
•
98 V4
y8
19
*182
190
97%
307/8
-
97%
.
19%
19
*182
190
•182
//
9774
61
61
137/4
.
'
FF 52,600
*991/4
■
F
14,500
V:
197/4
142
142
81 "
.
40
European Sees
par
American Export Lines Inc
_1
Amer & Foreign Power—No par
F-s 3,400 F
•
12
X'...
37%
-
38%
39%
39
,
106%
cs-95
•
- 106
96%
96
183i
.*141 *
110a/4 July
f: 16
F 60
4 '/a 'i
2,200
■
51
37
18 3/4
15%
15%
-
105
105
95%
36%
'18%
.
83
15
I.900
F:
•
43%
1X6
35%
ill
423/4 Nov
Mar
May
19
i
conv
American
49,800
119 %
107 »/a
116
11574: H5'/a
39%
81%
•81%
-
104
50 Va
142
Jan
82
28'/a
417/2 Dec
Amer
54
* 137a "13 7/4
•
39
Flv
.
157/2
/•: 427a
ii5 y4
Dec
26
4
94»/a Dec 'V 3
4,200
•S
117/4
123/4
50 7/4
4 .371/2
19 y8
18 74
v
Dec
19
2
Radio Corp
&
Car
American
i
200
537/4
1007/2
15
43%
V
July
24 Va
F 4%
Dec* 4
.
24
4,800
: '
35%:
37%
110 V4. 111
/;/ ■■.'
■
:
12'/a
42%
♦140%
11974
.
10872
*99'/a
123/4
101
/F: 50 7/4
44%/
;
40% July
118
Jan
F 2.
Jan
3
-'yF,
36
19
81
81%
61
61
1087/2
13»/4
115%
142
141%
V-
60 %
1097% 109'/a
13 V4
%
,
Apr
.17%
42V4
—5
:
Can
Chain
Am
7.100
9
8%
.
12'4
13 %
-■
105
4
•
71'..: Dec
; 161
9
'
531/4
12
60'/a
b 5314
54%
11^4
.
113/4 Dec
Aug 21
133/4 Jan
preferred———^——50
69 Dec:
American Ci^stal Sugar
—10
18 y8 Jan
6%
1st preferred
———100F?r105% Apr
Amer Distilling Co stamped
—20
30 '/4 Jan
American Kncausfic Tiling———1
/
3% Jan
V 39
3.9
xFv
7!
n%
537%
*997%
103
/ 112% Mar
c
•
19%
19V4
377/a'
110
15%
43 *4
.
38 7/s
37%
■Vs.
141% V:
*807/s
•
37%
18%
18%
36%
♦140
11974
36
v-.
28
3% Jan
6
43% May 14
,
,
.22% Deri
Apr
Apr
Note——20% Jan
non-cum
"5%
.
FfF-dF'-' •V 9'.4
8 34
118%
27%
•53%-:
'
7%
"f
' 290
1,700
FF' F'200
' " 5,600
106%
387b
8 1'2
50% ►50%
13%
43 7a
36%
387/2
;
F
287/2
70 '
Cable
Preferred
220
i
106%
i.9'4
15 :v
13
*115V4 117
119
•115%
19 »4
110
1131® ^ 12%
12%
-
50%
42%
13% y
*50%
/
3774
60
.
11
Sep
Jan
43
Shoe
American
4,000
x51
;
974
9
119 y4
•
*99% 101 V
f 15 f : 15 %
/'
15 :
50%
•13%
41%
100
14%
15
•
13
*99%
13%
100%
15
54'4
53%
40
70
27V4
/
107 vft't
107
37
12
,
57
109
'
12%
*99%
107
5474
110% 110%
109,,. 109 %
'
108%
,■'.■
1
'11%
57
57
'
55
54 7a
■
'
•55Va, 57 '
108 y8 108%
'-'V
29
271/a
' 29 Va
119
111
Dec
35
<F
10
14%
33%
140
Jan v.2
Jan
23
2
Jan 24 F
Bosch
American
8,700
154
28%
74
9%
19%
397/8
39 »/a
8»/4
.8%-.
38%'
109 %
10% ,11
10
9%
•
.:,Fll3%
par -.;
57/4%. preferred
11,400
Fy.
"
/ 149%: 150
.v
29
; 76
9
119
119
•.37%
V
547/s
54%
■"•
54
54
152 %
.
109%, 110%
109%
•109%
39
38%"
150
19%
'
11
.•
$ per share
29
1
50 /%
preferred
Brake
Amer
;■ 410
:.
697/a
*148
148
6%
4,600
128
39%
40*4
39%
*70"
53%
9%
27
56 J/8 Dec
'^/FF'///.Highest
share
per
28
Airlines
Banx
American
Am
30,100
198%
67%
1261/2
.
."-28%
'
107
,
40
'// 39%
874
F-8%:
8%
1977/2
F
701/2
1273/4
148
29
r
29
20
*19
118%. 118%
38%:^
36%
*71
.
56 V4
-9%
-
40%
8%
118
117%
9%
/
:
107
54 Va
19
'
19
F:
Ft I07
'
56%
8%
9
30
107
55
55%
54
75
30
29
28
27%
•106%
127
2874
29
*70
75
*70
75
•70
155%
28'/a
■
share
per
487/s Dec
38!/8 Jan
agricultural Chemical-No par
Mi«<*'rican
10
15 3/4
104
1273-4-
/•39%
40/
1487/2:148%
154
loo
148 *
154
/
129
Leather Co Ipc
preferred
Petroleum Corp___No
American
170
135
102 %
68 >4
70%.
127
V
2,000
.
:F 12.200 F
/;■'? 5,300
15%
198
' i
:
53
*1347/2
,
197%
40 %
28%
4,100
15'4 -15%
199
128
Amej'
■/;■■:
27%
52
1
*134 7/2
1574
67Va
80
547/4
54
55 y4
'
vF
80
197 Va
:•:>
68
40
V.
1057/a
200
82 Va
99
98
104 Va
148
155%
•-
155%
f", 29
155
•
28%
147
147
148%
146
8
80
397/2
106
.
Amerada
900
397/4
V
8% conv
700
.
.:/.
42%
100
share F
1047/8 Dec
par
Amaigam
200
1
150
*417/a
/
fi'p
69'/a
*63 '
149%
...
15 Va
39%
40
39%
r
Fl:
104%
127
126%" 126 Va
124
•122
24,600
16
•'/;
67
68%
66%
11%
833/4
•
78
134'/2
■
'
66'%
65%
11
No
v
,
Lowest
,l023/4 Dec 14
par
Alph8
per
/ Range for Previous
Year 1944
FX:#/
F
F
;
Highest
20'/s Jan 24
.—lOO
No
Portland Com
4°>t
V
$
No mr
Corp
preferredMfg
conv preferred
4%
1,100
\
Par
"
Aliib-Uiittiiners
1,800
106
106
199
104
199%
54V'a
135
*134%
15%
135
134 V2
547/8
54
53%
53%
53%
53
•134%
F
333a
Stores
*7
-
Year 1945
Rangeior
Lowest: v
/
'
"
'
143
Allied
500
9.500
33
43
*38 "/a
79
28 ^
28/
29 '/a
28%
83
■F'
'
149
,
'■
21,700
i
58
1407/2
71
707/4
40 y4
./, »78
:
/. 79
*78
,
30
29
29%
28%
54%
106 7/a
56%
STOCK
YORK
EXCHANGE,
F
■.
117/a
43
42%
Shares
33 %
149
:4 833/4
•39V4
40%/
39%
79
*77%
79
•77%
:.•/> 83
y;
52%
*105i/a
..
/F'"
140
'
-
'11 >/a
151
42 3/4
43
83
•42
33
.70%
*65
*149
i
140
145
..
33% /33%
113/4
11%
70%
150%
-'F
10672
56%
11%
11%
*68
149
70
•68
69%
152
53%
106 Va
F
33%
33%
11%
11%
11%
11
69 Vi
151%
33%
54%
105'/a
' ,s 58%
*142
146
146
143
142
142
53%
-57
per share
S
share
$ per
'
58% ;
58%
■■•;'
NEW
the Week
Jan.18
Jan. 17
105 y2
105 »/4
105
58
i
share
s per
547/e
0 54%
54%
105%
i
-
t per share
per share
105 y4
52'%;
51
*1043/4
Jan. 16
Sales for
Wd»t
Thursdat
Wednesday
Jan.15
RECORD
STOCKS
PRICES
Tuesday
Jan. 14
Jan. 12
SALE
AND HIGH
LOW
sr«nd»y
V»tvrd»7
Monday, January 21, 1946
—-
50
-O
—1
-No par '
v.;J 24% Aug
X;fll% Jan
19 '/a Jan
12% Jan
66
Mar
29'4 Aug
17'/2 Jan
5272 Dec
35>4
287a
447/8
23
81
527/4
9
22
31
31
27
7
3
..
4
167a Jan
2
14% Aug 17
32 72 Jan 19
25"'f X 36 .' Jan 23
No par y xl06 , Dec
7
.,
Dec 10 ,
.18
Apr
Jun ?6 x • 57a Jan
Nov 27 T f 97a Jan
Jun 21
Dec
Dec
42
Dec
54
Dec
25
Feb
2434Dec
47 Nov
58% Dec
110
Jan
-4
1
13
20
28
4
20
26
11
267/# Dec
r
; / 137a Dec
237«
9% Jan. '••"" 1474
80 • Jan * 687/2
;21»% Apr '1 23%.
•
12
Jan
—
Dec
Dec
July
—
——•■:'
./.
-1-
1834 Mar
197s Dec
14'4 Sep
147a Aug
.
.
25%: Feb •
31
Jan
105% Jun
Dec
Dec
18
■'v
34% Nov
;
,
/
S8 '
111
..
Dec
Oct
Number 4457
163
Volume
■
THE COMMERCIAL & FINANCIAL CHRONICLE
-
NEW YORK STOCK
LOW
>;#:;> Saturday h
I per share
16 V*
16%
17
21 Va
21%
22
26%
31%
27
27
31%
31 »/8
*110
112
22%
55%
28%
28%
'
-
38%
27%
' 27%
27%
100%
1011/4
103%
#152
152
;
32%
43%
45
31%
30%
68 %
'<•
69 Va
*107
44
*110
109 Va
154%
30%
31%
> ,71V* ;.
106.
68
V
40
40
"40%,
190% j
>190%
190%
•
-
45%
74
31 lA
'
66
38 Va
39%
..*183
49%
50
53%
54%
55
9%
'
50%
52%
10
9%
10
•
.36%
24 %
24%
32 Va
32 Va
45V4 " 45'A
*110
H2Va
30
% v'31 %
32%
73%;;. 73%
*107
110
,
66
40 '
39%
*187
192 Va
:
50%
50%
54% • 55%
10
10%
192 Va
.;
49
"77
36
72%
*65 Va
.
156
•
46%
108
*106
.
105Va
'
76
.
112 Va
71%
>
..
108
-
,*110
27 Va
100%
*154
32
65
67%
;
30%
' 38 V*
26 Va
24%
3i%
*71%
*106
75 %
31 Va
46Va
31
/
■
*66
39%
30
36%
24'%
57%
'38
154%
25
30%
112
56%
58
'
32 %
•
112%
-
*110
X106
67
190 %
46
;:v
112%
71
56%
26"%
104%
26 V2
102%
.
154%
/ 24%
*31%
31%
x43%
-
112%
30%
-
15-1%
24%
32 Va
*109%
,
27%
104%
:#. >■ 76% ;':■■■ 76%>-, > 75 %S
36%
36%
364/2
35%
23 %
-
26%
30%
"109
V
30%
40
32%
„
-
57%
' 39 V4
134
>. 28%
30 Va
112
•
'
154%
74%
35%
V
*152 »/4
-
74 Va
39% "
103%
28%
99
.
31
43 :S
*132%
29Va
3014
*110
30%
30
>'
T-'r 28%
30Va
112
56%
57%
■/.:
211/4
21%
28%,
;
30
*110 1
112
38 Va
29%;
27%"
'
:16%
"42
130
.
22
22
'
•
31%
56%
56%
29%
38%
27%
.
*110
:
22
„
26%
31
110
55%
37%; '38
22
>
311/4
43
130
share
-15%
16%
*42
45
130
4125
130
$ per
share
per
16%
17
16 %
*41%
43
<"125
27%
*
110
54%-
■
41%
41
130
$
t per share
r
Jan. 18,
Jan. 17 ;
Jan. 16
17%
17
17%
41
*125
130
Friday
Thursday
Wednesdays
';
$ per share
share
PRICES
HIGH SALE
Jan. 15
Jan. 11
t per
41%
*40%
*125
AND
;#■ Tuesday
Monday
>>
Jan. 13
•
:
'33
32%
'
*70
;/
18Va >18%
18%
18%
1
51%
-
58
38
57 :#
>
>
18%
51%
58%
59
38V4
112
*110%
*111%
34% >
38%
112
33% • 34%
34%
20%
34%
*
79
38
38
%
♦111 Va; 112
34%
52
57
51% > 51%
*55%
>37%
r
17%;
50%
20%
38%
3i%
36
36
20%
20%
124%
124Va
124 Va
25%
24%
25%
24%
25
24%
25 Va
94%
95%
95
95%
94%
95%
94%
95%
24 V«
24%
36
24%
24%
24%
24%
23%
*37
19%
;
38%
20%
*124
24%
s
38 V4
,
38 %
34%
35%
19%
20 Va
124%
v
124%
'
'
>
♦124% 125
"
V
24%
36
36
36
36
35
35%
42
42%
42
42%
41%
42%
41%
*34%
42%
43 %
45
44%
44
109%
19%
13%
19%
44%
14
88
♦108
111
6%
6%
34%
14%
19 Va
'#4%
14 %
14%
94
'92
'
89%.
87
26%
27%
*109
6%
111,
'-7Va
.
7%
28%
28%
30%
104%
102%
103%
34%
34%
28%
102%
102
,
19
111 >
6%
28V#28%
>101%
112
•
27
*109
44%
*108%
19%
19%
43 V4
43%
•
112
88%
26%
27%
27
44 Va
*108%
*108% 112
# 19*4
19%
14%
14%
92
92%
42
41%; 42%
/
'
*107%
35%
#34%
35%
44
*54
■
57
-
*54
'
46
3%
'4%
4Va
*55
56 V4
mm, 4; ##.4%#
4%
'
8%
9
9
33%
34%
# 48%; 49
128% 128%
*54
•
56
•
'
9%
-34%
49 %
128Va
9% ' 10
35 %
49%
128%
'•
.
*54
>46.. ;>
•-!*-p.45
1
:V
57
'
34
'■
35%
-
.;
58
126'
126
*54
.
,
.
!48 %
47%
56
21%
22 %
66%
-67%
20%
22%
22%
22
22 %
67 Va
67%
''■*67% '
67%
*20
20%
*20%
20%
20
*56
57V
*56
57
56
56
132
132
•130% 132
48%
49%
30 Va
.
•130%-131
*48%
49%
49
49 V4
32%
,
33%
'
32%
33%
2%
2%
80%
32%
80%
'
2%
2%
*78
-
82
'
9%
9%
•
46%
45%
46%
176
*175
176
2%
80
'
'
9%
10
46%
177-
•
80 %
'
"
9%
1%
'
9%
45
46 Va
*175
-
176%
.
'
753/4
.75%
64
64%
65%
*108% >109%
63 %
64%108%
108%
108
158
157
158
24%
25
20%
21
20%
28%
11%
12%
28%
29
28%<
21 V«
29
11 Va
>28%
11%
11%
11%
12%
12%
12%
12%
18%
23%
>',
29
21
21%
:
11%
28%
11%
12%,
'
12 Va
.
114 li
23%
21%
23 %
91
40
40
41
39%
40%
30 Va
30V4
30%
*29%
30%
49%
49% ' 51V4
X49%
50
16%
115
33%
34
51%
51
*112
110
,
16
•112
34
113
113
15%
16 Vs
34%
* 34%
>
:
:
16 Ve
115
*112
115
*113
36
114
110
110
>*20%
21
;
,
99
40%
31
39 V4
16%
33
-51
,
11%
12%
114%
20
*112
7 113
*20%
21%
48 %
115
*107%
21
*112Va
39%
'
*32%
*49%
25
21
"19%
49%
16%
115
159%
24%
157
24%
'
'
30%
49%
15%
-
11%
12%
12%
*112% 114
'
39Va
*29 Va
158
11%
114 •
18%
38%
*112 Va
;# 108%
108
156Vi
28%
21
56%
57 Va
58%
13%
14
>23%
13%
14%
23%
24
12%
12%
12%
30%
31%
>30%
32%
73 Vi
41 %;
23
72%
40%>
M
65%
24%
158
:
24%
21
-
76%
24%
158
24
*112
643/4
75%
21
157 %
'
65 Va
108%
*108% 110
75
65%
66 %
76%
1
59 Vi
13
30%
31%
34%
35 %
76
77 %
Va,
-41% >43:''-*"'
>72%
•40%
;
41%
36 %
72
35 Vi
*57
*66%
>*23%
73 Va
74%
60
' 67Va
67
<67%
24%
*
,24%
24
-
1
•21%.
>13%
*45Va
21%
Va
22
12% ""13%
21
13%
-
46
44
■
140 *
138
*112%
*113
29% > 29%
80%
*106 #110 •>/
23
23%
•71 : " 72%
*106
v
63
100
*190
*56%
»
113 Vi
63
*107% 108%
>
59
230
108
'*61
108 Vi
100
71 Vs
■
*112%
63
'
81%
,110
>#23%
*102
,108
112% 112%
*107%
23
71%
230
*102
;.V
115
,
55% ; 56
> 29%
29%
"*•82%"" 82%
*190
45%
136% 138%
113%
55 Vi > 56%
.»
•
V
;
100
*56%
41% >42%
40%
100
59
42.
'
58 J/4
156
footnotes
see
page
331,
59 Vi
156
.
RECORD
.
323
•ii.v r
THE COMMERCIAL & FINANCIAL CHRONICLE
RECORD
NEW YORK STOCK
-•;••
LOW AND
JMhsiuUy
,
t
f per fhere
,
178
*177
■
fe-"
•1185
♦1185
—
106
53%
—
39
39 Va
39
36%
36%
36%
38;
38-
;
•44%
38
590
45
45%
44%
46
45%
46%
v-:; 45%
45%
45%
45%
45
45
44%
44%
11%
11%
11%
.1.1%
12
11%
12%
109%
110%
11%
109%*
106%
106%
106%
106 y2'
39%
40 %
40
40%
40
40%
39%
28%
27%
28%;
28
28 %
27%
28 y8
26 V2
53
52%
50
♦52%
'48%
118%
24%
24%
3%
3%
3%
124
124
-
35%
34%
•;
i/v 35
35%
51%
51%
35%:
35%
36%
18%
44%
feZ
4.4
44%
31%
32%
fefe
32%
33 V*:
:v
~
15%
20 y4
15 Va
48 Vs
47%
47%
*112%
1133/4
*111%
•
22%*
22%
41%
41
30
55%
55%
21
:4' 24%
25
>fe!' 65
65%
^
65%
38%
38
38%
66%
11%
6%
67%
•
11%
11%
28%
;
55%
53%
25%
66% :
.-y
39*
900
•
-
y
68%
:/>•:;
40 V2''.:.'
15 V4 >'
.
v
62 :
59%
,
j :
31%
30%
108%
*108%
;
42%
'
.
it
102
57
'."
8
49
54
r
fe 27%
107
•
t
-
3%
Nov
90J% Jan
2
110% Nov 23
47% Jan'24
5V4 Mar
76
Janfe
97'% Dec
70
17
Feb
93
Feb
.
31 V
39 v8
^an
Jan
2
53% Sep
13
37 Va
Jan
Dec *
4
1161/2 Dec
17
25% Dec
10
:"•• 15% Aug 31
>%;
>
]} Jan
2
4'/4 Nov
24
124% Dec
1
28% Jan
2
34V4 Nov
-14%
13
Jan
13
y
89
-
Consol Edison of N Y
22
*
>8
Dec
43 %
49
Jun
;
18% Jun
Apr
Feb
1 Vs
July
Jan
95%
Dec
Jan
%
.79
24%
$5 preferred.-
—
$125
39% Oct
21 % Nov
.
7
24^8 Jan
-.06
v
13,700
;
>» 3,900
.
"45%
3
-
24
253i Jan
2
Jan
2DV4
Dec
Jan
3:i
Dec
3'%
Feb
y.21%
Feb
102 %
Jan
•7%
1081/4 Jan
of America
120
Continental Baking Co
—No par
$5.50 preferred
No par
Continental Can Inc
20/
$3.75 preferred
No par ' ■>
Continental Diamond Fibre
V-5
Continental Insurance
10
Jan
8% Jan
*
115
40%
27
fe
23
50
Nov
17
.
Sep
108%
Jan
*
20%
Jan
25%
24
Dec
Jan
112'
Nov
102%
29%
32
Va" Feb
43V4
10
6 fe
59% Oct
10
2
20
Dec
10
July 27
fe'43
Dec
May
13V4 Mar
Jun
49% Dec
Mar
10
Jun
5
10
3
Dec
/ Feb
7% Oct
20;
19
Dec
Dec
Jan
Aug
31f
17% Dec
OCt
-13% July
32% Oct
,
12
fe
.
Obt "
25%
18%
vim
>
6
Dec
17% Dec
109V2 Dec
5
193% July 30
2
37% Jan
113
106% July 18
10% Apr
6
Jan
40
10fe
Dec
-10,200 >
1,000
•
38
,
:
pref 5% series
CorneJl-DuPilier Electric
'20,700
41Vs
/: ft
-
yy.
>
66%
5,100
■/•%■>■■;
A
61%
52%
52%;
30%
31%
30%
108%
*107%
122
124
y/
*118
*-49
493/8
48%
♦111
V/
45%
y;:
44%
*
28 Va
y- ■ 27%
-
*165
50%
101
:'99%
*106%
143 %
fl 74%
73%/
••(74%HA
8
28%
*125%
130
38%
38
130
:
100
100
10
.100
5%
10
; 3,400
101
1%
preferred
—
73 yyy/y
73
100
—ft
-100
Inc_.
Cuneo Press
1,100
p%
28%
*125%
130
»
*125%
V
•
,
15/
6
25%
13
"
Jan'
37%
preferred
4%%
L>
Curtis Pub Co
37,700
70
1,200
121.300
29%
%
'
No par
—
preferred
Curtiss-Wrlghfc —
18,100
1,600
38 V4
20
Jun
14
fe"59%^ Dec
31
fe
Dec
11
10
fe
fe-
•fe 41
53
22
112
Nov
7
124
Nov
•
x
2
111
Aug 21
42
10
.•
Mar 26
145% Jan 29
25% Jan
fe 99%
xl50
Dec
10
102
28
29% Apr
105
28
y
9
July
2
fe
51
6
13
100
pfd
L——No par
Cutler-Hammer Inc
Jan
37% Nov
Jan
89%
Dec
20%
11%
Jan
29%
Dec-
Feb
19 Vs
fe 112 fe Jan
fe;
8
30%
Dec
109 »/a
22% Jan
101
Jan
Nov
fell%/Aug
5% Aug
fe
Oct
5
97
Apr
9
41
fe Apr
9
Nov
30% Oct
Dec
7% Nov
Jun
19 V4 Nov
127
114% May
26
11
fe July
61%
Jun
14%
IT
Oct
140
4%
19.
37% Dec
Nov
29
125
118
Sep 11
.25% Apr ; 6
29% Mar
16;.
75% Oct
2
Dec
Dec
144
22%. Jan
18fe&>
241% Oct
5% Aug 20
18% Jan
Dec
31
*154
16
1
22%
69
Sep 29
Dec
56
Mar 26
59% Jan
Nov
108% Jan
Jan' 31
122% Apr
Sep
51% Nov 19
2
'
Feb
28
;
y'fiVfe
29 /; Dec 10
•fe
Aug
15%
Nov 27
Dec
39
/
52% Nov 20 fe
fe
2
87% Jan
32 fe
27% Feb
21
•
Jan
;
30% Dec
25% July
Dec
Jan
16%
8
34 % Dec
Aug
27% Jun
/
17
108 % Dec
*
7% July
5
1% Jan
35% Jan
.
184% July
fe
18% Peb
19
25
Apr
3
26
———1
—
Cushman'8 Sons Inc 1%
130
Jan
'
A
Class
Apr
5
Oct
No par
Prior
173 Va
6
106% Dec
.
Oct
52%
18
4
49% Nov 24
\
61%
15
Dec
Dec
7% Dec
6
.20% Jan
No par
(The)
3j>y $7 preferred—
*
!
110
Dec
43V4 Dec
2
Jan
37
25% July
57
Jan
5
28% Mar 26
July
15% .Jan
44'/a
Oct
71
199
y 99% Aug 22
24-:
Dec
13% July
52
Mar
2
Jan
>48
*
2
•
Dec
19% July
26
4
6 -/■ Jan
Vs Jan
3IV2
15
Dec
108
2
08V4 Jan
182% Jan
47
38% Oct
30
> Cunningham Drug Stores Inc—2.50
23%,:,'
144
8%
27%
38%
381/4
38%
/
.
130
73
fey 73
-*
8
8
64% Oct
Jun
^^>30
Cudahy Packing Co
4%% preferred
100
;
106
53
>•*48
21%
28
130
38%
V'
:
44%
No par
preferred.
2,130
preferred
17,000 > Cuban-American Sugar
>37%
*140%
8%
*125 Va
39
39
:
22%
144
28%
8r'
27%
36%
5104%
•55
21%
144
/■.74""y;
73 Va
8Va
28
y
;y
145
26% Dec
%
No par
5
No par
No par
;
Zellerbach Corp
Cuba RR 6%
49
*99%
37%
107
'"%50 .y-
:
22%""
21%
28%
28
55
*50
8%
8
107
.145
143%,
preferred
.
*105
9
30
——No par
Crucible 8teel of Amer
500
165
48%
101
x37
;
$4.20 preferred
12,800
27%
165
•
55
23%
V 22%
:.
,
27%
48%
*99%
•/>.;
37%
37
37%
6
28
101% Aug
2
No par
iThe)
(The)
$4 2nd preferred
v
19 % Dec
53% Jun
"
>
./
48%
48%
48%
$2
Crown
100
.
113
y.! > 44
28 Va
J
800
5.800
2
3% Jan
Cream of Wheat Corp
Crosley Corp
250
:
49%
48
45%
28
/
i
>
120
*112
*
-
v,
108
49%
45
45
52%
30%
107%
113
*111%
113
,
*117%
>
V
300
8
16
Corp—
Crown Cork A Seal
52%
yyyy
y
-
'
61,
30
t'<
308%
*118%
49%
38 %
/ 60
62
61*%
52%
30%
<
35
55^4 Nov
16% Aug
Crane Co common———-——25
I,/ 3%% preferrea
100
400
800
35
38%
59%
;•>,/•:
108%
108
y
39
Internat
5
121/4 Aug
38% Feb
10% Jan
;:/52% Mar 27 '
j
20,400
41%
•40%
Inc
Coty
27
12% Jan
1
Coty
7,200
;
Apr
28»/4 Dec
9% Dec
/ >33
Sep
24%
49% Jan
100
Preferred
10
-3.000
7
3%
26%
2
47% Feb
100
.>25
preferred
Corn Products Refining
iq
:5V«>Jan-
•
> NOV 27
44% Nov 16
2
Jan'
16
20
840 > Corn Exch Bank Trust Co
Corning Glass Works common—5
5,800
>
•
29% Jan
No par
No par
5
—50
Cfcorp
1
Cony
130
11%
11%
y
35
29%
.5
No par
Cooper-Bessemer Corp
70 >;
$3 prior preferred
10,900 .* Copperweld Steel Co
202
'200
108%// y;
35
-
Continental Steel Corp^
'7,600
•
.
Continental Oil of Del—
h
k
.
L————1
Motors
Continental
64.900
8% Jan
•
28%
.21% Apr
Dec
n
*112
26%
113
•
54%
45%
46
38
38
14%
>48%
30%
30%
42%
fey 42%
46
fe
46.
*44
..
■
fe 311/2
94%
*105%
•49
54»/2
*28%
55
fe
27%
30%
27%
fe fe
92%
*111%
fe
55
28%
28%
?fe
92%
> 167
168
•
*113%
117
31%
31%
113%;, V *111%
A
28V4
fe
93
/'/
167 %
117-
/;
32%
33%
1,300
49%
48%
49%
11,800
15%
101,500
23,600
78
44
33%
33
42%
42%
45
45
3
32%
99%
98 %
106%
49 %
•fey,
55
28%
167% 169%
■•>■ fe
32%
>*111%
28 %
28
166%
117
165
y-
.
♦32%
29
:
28%
31%
33%
31%
fey 31%
29
3 2'A
*111%
113%
111%
28%
y
28%
32%
281/4
*31%
32%
27 Va
29
•>/
•:: 32
X31%
50 Va
•
'
;fe
;
"
1,400
55%
gio
28%
27%
6.100
,
13,100
93
167
112
111%
fe
107
91
"
*28%
4,500
116%: : *114
33%'. >'•••„; 31%
116%
32%
500
46%
165
163
31%
:
28
fey
931/4/
y
> 28%
31%
117
4,700
: /
"1,700
feyfe
2,100
32%
35.000
190%
*128 "2
128%
115%
115%
22%
191
*128%
129
*114%
190%
...
115%
22%
22%
23 Va
192
190
*128%
128%
115
115
190
*128%
:fe
32
118
119
32%
32
118%
32%
117%
33%
230
230
232
234
*195
199
*195
199
*195
52
69%
68%
1.400
6,000
38%
*111%
111%
-
33 %
69
236
33%
199
*195
69%
;
68%
" •-
116%
33%-:
33%
56
68%
56
54%
54%
55%
109%
109%
*109%
38%
38%
36%
38
xlll%
111%
*111%
113
38
*111%
113
242% 242%
199
108%
53
,
24 Vs
23»/4
116
240
236
108%
109%
38%
23%
115%
yfe
129%
115
7
400
115
23%
114
■33%
130
>,
&
6%
partic
Diamond T Motor Car Co—
109%
*195
.
199
*63%
69
Class
56
56
57
57
1,000
109%
109%
109
37
37%
36%
38
2.700
►111%' 113
30
*111%
113
12%.
12'
%
150
12
12%
12%
12%
12%
12%
12%
72%
73%
74
75
72%
73%
73
73%
72%
74%'
3.700
Electric
21%
22
21 Vs
21%
21
21%
7,400
Electric
22 Va
22%
22%
22%
22%
6%
6%
6%
6%
6%
r*r
too'notes
see
paje 331.
22%
7
6%
7%
6%
•
7%
6%
7
23.500
Elastic
Elec
&
29%
Aug 20
Jun
4
48
3
38 »/4 Mar
161,2 Jan
2
35
Dec
4
13%
38 / Jan
22
; 98
Dec
29
Jan
40% Jan
-
18
Jan
35 %
fe,
Jan
*27% Feb
95
a:
Apr
V 42
Oct
Dec
Sep
17% July
38%
105"
Dec
Dec
29% Oct 10
2
!
15%
Jan
20%
Sep
43%
Jan '
49
Nov
2
29 Vs Nov
15
21 Va
May
Mar 26
100% Dec
167Va Dec
11
13
47
May
4
114%
Api
131
Jan
No pat
110% Jan
2
115
Oct
20
106% Jan
113
Aug
Apr
6
111% Dec
17
series A_
—50c
100
preferred
1
International
:
—
65
27
113
30% Dec
10
34V4 Dec
10
81/4
11%
Apr
Dec
Jun
1
128%
Dec
Dei
120%
Jan
192% Oct
9
9
129
Feb
1
123% Jul
113
Oct
6
117
Mar
6
113
13
Jan
22
39% Jan
22
5
preferred
—.
.100
Stop Nut Co
Auto-Lite (The)
—
Am
shares—
41
Dec
25%
Dec
157
Pib
185
200
Jun
49
Jan
6
2
175
J*,n
Jan
22
66% Oct
2
41
Jnn
21% Jan
15
55
Dec
26
Sep
17
109 % Dec
178
195'
Dec
12
104
24
39Vb Dec
July 24
106
Aug 27
8% May
—5
42% Jan
20
14
Jan
7
; 52
24'%
Sep
Dec
Dec
7
1
13
Dec
27
15%
Sep
71
Dec
6
45%
Aug
24% Dec
•
20
4% Aug
16% Miy
Dec
3
15%
Dec
7% Dec
3
6%
Oct
112
3
.—3
Boat
14% July
Apr
5
_5
1
F«b
Jan
12
26
100
—
6%
Dec
—4
—
33
35% NOV
.100
2
10%
3
229
170
—
8
Dec
July 30
-18% Jan
—.-No pa*
—
21 % Dec
134
Nov
201/4
162%
2
,
14%
Feb
125% Jan
Jan
Nov
Fell
137
155
72 '/a
Dec 31
Mar 21
20% Aug 24
12
27% July
33% Jun 25
10
preferred
Mus Ind
22% Jan
-J
Co
Airlines Inc
Edison Bros Stores Inc common.
12
28%
Dec
28
122% Jan
4 % % preferred
Ekco Products Co__.
73
7
25% Dec 21
Dec
5
Manufacturing Co.
72%-
65
6
No par
Du P de Nemours (EI) ft Co
20
$4.50 preferred
—No par
Duquesne Light 5% 1st pfd
100
9.700
21 »/4
9
Corp
Duplan Corp
12
k
Jan
Co common—No par
$4 preferred
4%%
Dec
9% Mar
Jan
Feb
29
Dresser Industries
Eagle-Plcher
5%
18%
52
5
11
Dec
2,100
*109%
25
75'-. Sep
Dec
No par
cum
16% Jun
25% Dec
Mar
No par
on
37%
56
Dome Mines Ltd
6%
22% July
Jan
50
Eastman Kodak Co
1.100
Jan
17 Va
109
Eastern Stainless Steel Corp—
68%
17%
25
Douglas Aircraft
Dow Chemical
conv
Oct
12
No par
A
Doehler-Jarvis
Apr
18
2
33
V
113
33% Dec
57% Jun
Aug 21
Mar 20
1,100
199
67%
Jun
36%
47
Eastern
*197
45%
Apr
17Va Mar 26
'
-
Apr
32%
.47% May
Jan
105
2,000
.
Oct
36%
"40% Dec 12
Jan 31
No par
100
No par
Corp-Seagr's Ltd
5% preferred
Dixie Cup Co common
Distil
11%
.
—23
/—2
preferred
11.600
34%
41%
21
No par
24%
240
Jan
;
67,
12.50
Raynolds A new
114%
238
Dec
fe 7% Mar 29
3%%
yM
190
128%
128%
*115
117
117
x38%
52
♦1081'a
69%
33%
: 1281%
183%
50
20
'
233
67%
118%
115%
22%
23%
23
•
*117%
128%
114%
193
190%
192%
Delaware Lack A Western
Detroit Hillsdale & 8 W RR CO-100
Dun hill
'
32%
Jun
21%
fe 34% Jan 19
Detroit Edison
Oct
13 Va
109%
2
5
39% Mar 29
22
16%
3
27
49% Nov
9
Jan
,100
Delsel-Wemmer-Giibert
300
;
29
33
1
Delaware A Hudson
1.000
112%
"
190%
Dec
Diamond Match
; 8,200
'V'; 400
yfefe 54%
y;y..v 27%
55%
Dec
fe; 34% Aug 22
Devoe
32%
49V2
"28%
28
114
—
7,100
,,••.
98%
*105%
49%
>
27 %
fey 27%
95% ' //■• 95
*114
113 Va
28%
;
Dec
6
13
29
No par
20
10
Co
1,300
33
y 43'
96
;
107
54»/2
28%
30
78
31%
99%
49
95%
*166
/fefe 43 •
46%
v'fe
33%
■
1051%
27%
.:•-•■;>/ fefe;
113%
"•'.
50
55
55
yyy ;fe .28%*
117
47
y
33%
50% '
96
*44
S *105%
106%
29
y
98%
99% fe; fe>
/
-'fe
32%
33%.
43
32%
34%
28V2
>/
43
fefefe
*73 ■'• •'
77%
*74
-31%
•/>/ fey
31%
>
33
20
*73
28
16% Jan
108% Sep
Preferred
1,400
16
43
fevC, ..,*113%
32%
39
38%
15%
93i/2
.
47%;
38%
25%
32 Va
55
29
46%
38%
33
"
16%
28.
65
St
47%
25% -25%
78
*49V2
Deere
?y
16%
25%
25%
*105%
50% fe
■
17.000
y
47
38%
■
27% Dec
100
Records Inc
49%
/' 14%
98%
106%
50
Decca
47%
33
25%
34
97% 101
3,000
50
43%
-
34V4
*105%
50
27 %
*113 V2
33%
fey //
107%
92
167
*44
fey
33
97
,
'
56%
56%
55%
N. Y—'—.
(The)
1
Chemical Corp
Dayton Pow A Lt 4%% pfd.
56
56
48%
31%
42 Va
Davega Stores Corp.,
Davison
100
48=8
42%
31%
42%
1,800
3.900
113%
33
15%
y, *73
75
>// 27%» 26%
►113
113
113
33
25%
„•
■
*38%
38%
15
25%
30.
.
7;
15 %
75
■-46%
32%
49%'
14%
25 y4
78"
*72 Va
33
.49
"■
25%
25%
•'54%
47%
:-.V 38%
39;
33
•
48%
47%
;•
38%
,
32%
55%
26
26%
26%
27
27
27%
27 Va
;
28
113
55 I
,
47%
s
27%
26%
►112 Va
27?/;
113
46%
55%
•,y 54%
44%
*31%
26%
*111%
112
54 J/4
-
C
27
111%
26%
28%
27%
28
x27%
28
•: 27%
j>'26%
v
•
■1% July
"
y 24
Feb
45
24
.'
10
40% Dec
26% Apr. 6
r
fe
35% Dec 26 >
17% Aug 21
-
,
'
2J.%
y
17
Dec
22-
Dec
2(i
2')%
-•
109% May 23
7
31% Jan
-
> "3,800
341/4 Nov
11% July 19
Container Corp
'
2
Sep
Nov
fe 7 % Dec 11
3% Mar 23
r
'
»■
2
•
17% Jan
Consol BR of Cuba 6 % pfd —100
Consumers Pow $4.50 pfd—No par
81/4 Feb
1
50
—Nv pari
pfd
8
26% Mar 31
Vulfcee Alrcrsft—1
conv
Nov
"
i—No pat*
.•;
5 48
Jan "12
29% Jan
No par
Consolidated
'
;
108%
6%
J 108%
31%.108%
101
*50
55
*125%
11
2
110
No pari
No par
—6
•
100
>
66
65%
52
;
:
.
106% 107
■
145
73%
28
Dec,
11% Dec
'
42% v.,
*38 Va
*165
37%
23%
22%
e%
35 V2
39
Consol Coppermlnes Corp
9,300
•
;
27%
37
7
*107%
'
*143%
Jan
—No par '
"
>r4,l00
•*'•/
•
66- '
;•/
y
11%
■
'41%
•
38%;
>38 Va
>
28%
101
37%
*52
,
74%
fe
42%
42
35%
-
49%
102
*106%
.<:S
*165
.
50%
*99%
145
74 Va
,
175
.37%
22%
21%'
143 Va
-
>.
27%
28%
t
S"V;
107
*53% '
28
v
38%
*106%
*
44
*165
r
48%
48%
*99%
*37-1%
"
45%
„fe
175
25%
,y
25
Edison Co-
••:
Congoleum-Nairn Inc
> Consolidated Cigar——
41Q
j,
20%
*107%
200%
IIV4
108%
112
112
44
28
'
49 U
112%
43%
"27 %
49%
48%
112
V
14
-No par
preferred series
Conde Nast Pub Inc—:
d.eoo
55
*53%
-.
68
y 6%
107%
121
121
122
fe*119
48
$6
Commonwealth
300
y>
25 Va
66%
67
20C, Va
7
;>• *34%
-
52
"
*165
••>:
;
62
51%
30%
111%
Nov
50
4Vb Jan
No par
Commercial Solvents^.-—
■
25,400
;
29 V.
'
11%
6%
110
52 %
108 Va
122
47
Mar 27
Commonwealth Si Southern—No par
y
9,500
•
fe44-yyy
43
19%
38%
-
111%
Deo
31 ;
preferred fe————100/
$3.60
2,500
■
,
63
28%
108%
204 iV-
11%
,
38%.
30%
►118
35%
——10.
Credit
Commercial
16,200
-
39%
26%
,
37%
'
42%
35
35
y
108%
108%
Jan
Dec
22%
;•
*107%
38 -;t/
*200
:
11%
59
V,:
52
26%.
53
4G % >';/,
";y 55
/
54
54
25%
x65%
.
108%
67%
69 V.
52%
58
58
*107%
34% >35%
fe, * 38 %
39
42%
110
,*107%
34%
,*38%
■
42%
40-%
110
*33 %
14
»,No par
:;»/•. $2.75 prelerred—
200
:37,000
113%
6l V-t
•y
29
*55-" / 55%
20%
26%
203/4
*1073/4
/: 6% yy.7;
6%
,
40%
40%
*107%
50% Nov
8.800
'
fe
t
1
■J '44,100
16%
y
"44%
43 Va
28%
J,&/37%
204
*200
204
fe *200
fefe11%
y 6%
11%
6 Va
68%
/■y 67
.
108% 108 V4'
108%
*107%
108 y2
43%
24%
66
38
204
Mar 26
31
,
108%
45%
41
65%
*53
25
66%
39 Va
53%
;-54 -:V;
53
24%
♦200
40%
20 V8
52. ?S
•lOTVa
Dee
'fe 3i y
Dec
5,400
>>'21%
22%
*55
24%
38%
15
»16
'
52%
65
Dee
27 V4
28
■
39 Ve
22%
28%
55%
20%
24%
65
>
/>
..61%
22%
43%
■■/y::-'
52 %
38
.
*112'A
22Vs
♦
44%
29%
21%
v4
19
.
44
29%'
*55
19
18%'
•;
;1108%
40%
44
44
55%
*55
16
61%
41 Va
*
-
161/4
60%
y:i
23 Va
■Ife 27%
27
•
10% ; ;
16
r;
De©
30
Jan
'
40%
43%
-40
113%
>.59 >,:;y
i/,;
59 V4
21%
'
27
17
16%
;
}y. 57 V:
:
47% y ;y
46%
113%
*
29%
Jan
100.
preferred.,:
5%
700
114
;y
;/•>:
109
*108%
47%
17
Jan
13
41% Oct
43%, V..
112%
,
•" ' 3 5 Via '■15%
:.
109%"
113%
56%'
11%
12%
20
107% Oct
37
43
40
"
'
-
39%
48%
;
109%
;
29
>
32%
*36
114
113%
:fe/ 16%
fefe; 561/2
40%
113%
39%
15%
39%
Deo
10
19
33%
46% Jun
—10<fc
preferred series A—
/
9
Apr,
Feb ;
46% Jun 20
—No par
Elec
Columbia Gas &
25%
>
2
,
25% Jan
—5
19%-, > -3,200 :>•' Consol Laundries Corp
5,500 It Consolidated Natural Gas——>15
44%
••
>42%
>31%
,
45
114
*108%
21%
39%
*42
39%; '
15%
47%
56%
'"43%
45%""
109%
Class B
<
Jan
18% Dec
50 V4 Jun
Jan
2
28% Jan
2.50
2.50
Bys Iuc ci A
115
Aug 24
14 ' NOV 23
28
.Jan 23
23
108%
'
39%
*112
16%
16
;• 55%
37%'
*108%
,i
27
45%
,19
;
33%
"15%
46%
113
%,;•■/.-■:
36%
15%
110
-
' fe.
Dec
8 ;/
7%
'108%
32%
39%
6
Nov
52%
;
fe;/ 35
:43% y '
y 43
.
fe'/
33%
-
67% Jun
31
■
37%
109%
"
,
441/4
19
19%/y '%1S%'
15 Ye
39%
"■//
109%
: 113
19%
45
Dec
50% Dec
Jan
>,/
35%
45%
108%
113%
106
2
26
36%
108%
.
>101% Oct 24
36
4.800
45%
32%
46V4;
146'/a July
,
23 Va
84,
18,200
36
108%
43%
113%
113%
8
Columbia Pictures New-.,——
200
45%
"35%
•'
Dec
> r
:
37
.
:> *36%
.
$ per share
'
52y2
•••;.
35%
*108%
39%
15 Ye
*108%
52
35%
"37 Va
49
Columbian Carbon Co. (new)_No par
123%
7%
35%
33%
-
45%
,
113%
113
113y2
39%
47
fefe 44%
44%
112%
37
,
v-
7%
44.
43%
*36%
2
2nd preferred—100
non-cum
Columbia Br o
vS 934,100
*52
7%
r
Feb
59% July
"
7y8
y>
31V* Feb
'
3%
35%
108%
19%
'32%
'
""
46%
;
4%
v
130
124%
35%
Ye
44%
19
t
44
37
35
"
19
>,
share
8
4.100
3%
feyfe
124124%.
45
35%"
100
preferred——
cont
COlo Fuel & Iron Corp new—No par
ex, eouineru_.
—100
>•/' 4 f» non-cum 1st preferred—>100
'
36%
'35 V*
per
6
Nov
>
•
Highest
<
'
36 »/2
rk 108 %' 108%
Oct
72
y
Year 1944 /' <'
;
Lowest
111
183
4.400
•
25
23%
3%
51%
k.
Range for Previous
>■••••
,
V
/ "118% 118%
24%
3%
51%
44
-
24%
36%
7%
V
.
1
36%
45 %
?fe* 18%
37
50%
50
52%
7%
18%
'*35
35
53
*52%
*117 "" 118%
31
// -34^8 Jan
——No par
Aikman-.
J
coioraao
y 1,300
105%
'
May
59% Dec VI'
*
;•
'
124%
35%
124 Va
35%
44%
108%
108%
108%
108%
;
35%
35.
35 fefe
"34%"
104%
3%
124%
7%
,7
7 .'fe,/
6%'
'
104%
25
4 rfe
44%
*43%
X104
36%
52
35%
,/ 44
109%
118%
25 %
fe
109%
50.
*117%
•
109%
51%
50
44
119
124%
124%
35
'
48%
3%
4
53
fey *52%
24%
25%
124 ya
53
51
*118
119
►118
118%
•; 24 y8
;
50%
-50%
———No par
:
&
•'; "-.8%
1,300
v
52%
491/4
27%
27%
v
"
xl(/9
.
107
*106ya
•
130 J
—No par
(The)
a
Collins
287.000
27%
53
y
40
40%
40
V ;:
Range for Year 1945
'
109 %
^
v,.
3.200
.
11%
40
'■
'
109%
.
m y^y//'
'
40
36%
36%
fe
>1,280
37
■/■> 36
"
39,100
%
45
53
V
38
*36ya
41
46
49
,
♦37%
38
19%
40%
45
48%
•->
38%
••
•
uoifcate-Paimonve-Peet^.——No par./
$3.50 prelerred
No par>
fe .3,700
50
18%
.10%
27%
:
37
.,'*36%
39
Class
:
y
200
.
/
115
115
'fe
46%
♦52%
44
40 y4
109%
106%
39%
fe
19%
40 y4
109%
109%
/
18%
10%
♦105
..
116%
19%
37%
*38
V;
44%
45
10%
;
V
>3.500
54fe>
•
45%
.45%
45
37%
40 fe
v
'
40%
-
106
*105%
40
♦115
fe
!; Coca-Cola Co
fefe'v/:940
47%
/•fe 53%
53%
STOCKS
•
Coca-Cola International Corp No par
47%
„
••
exchange>'•"' >;/•/ Lowest /;■ ,•>//.Highest /,/
> $ per share
$ per share
>,■/> !■>,; > >>> i •',•;>
v Pflr>
*1185
53%
116%
fefe 18%
19 %
65%
65
;
48
47
54
116%
40
'
105%- 105%
106;;,;;
t 53%
18%
38
37
*105%
55
116%!
40
■V
18% -19%
■
106
*115
18%
.fe'.'
49%
48%
:
54:
55%'
17%
.*35%
Vfefefe
65.., •"'"
V—fe".
•1185
*1185
105%
117
'
65
-
NEW YORK STOCK
•
900
■180
180
180%
'••
;:;
;
Shares
J per share
per share
180%
181
the Week
"'••
-Sales for
Jan. 18
Jan. 17
&V65:",V-'65%-
65%
*1185
fe
50%,
*115
'%&;$
share
t per
*179
181
65%
105%
54%
'fe':
?
54
;■>>
fej'.:
per share;
Friday
•.
:
.fefev Jan. 16 0
'■
49%
48
105%
v.,
118
*115
S
179%
-
66
,
47%
47%
*105%
Jan. 15
■fe'
Thursday
Wednesday
.
j
'
share
per
66
66 %
65%,
►'
,
1
179% 180
.
HIGM «ALV PHICII
Tuesday
v
•
Jan. 14
■/",
Jan. 12
-
.
Monday,- January 21, 1946
^
Volume • 163'
Number, '4457
commercial^ financial chronicle
the;
W£W; YORK STOCK
69%'.69%;
i
•
,
69%
v
70
35 V*
18%
-19%
;
i8%
=
4
26
•
26' :
& 44-
31%
32
62%
106% 106%
*32
62%
106%
106%
32%
75%
64
76%
32'/a
109%
109%
59%
Y 63%-
17%
60,.
37%
39%
113% 115
*50
-
44
.
,
18%
81%
*
1,490
,
'
39%
41%
76%
46%,
47%
.1,800
8,800
27%
130
33 y«
156
11,600
32%,
•142
50%
12%
-
•
•
13%
27%
.
<
9%.
12%
~
10
.
27%
19%
26
,,
12%
12%
13%
85
;
>
14%
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127
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see
"page 331
.
/
-
87
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75%
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61 Va
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-
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32%
112
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Feb
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;
24 y< July
33%
33
:
NOV
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85
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85
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:
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33 v-■*/:* 32JA
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footnotes
,r* --56
-
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For
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' *104% 107
fi
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v 39% v39%
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-
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-
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y
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105%
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56%:/'--' :.*54%
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41
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7%
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>
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128
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62
105
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.
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104
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,
128% 129%
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•
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45
;
^04%;.-
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26
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33
128 V*
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104
.
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130
23
31%
107
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129% 129%
33%
62
^
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;
^
122
X32
44%
Dec 2$^
50
131%
122
,127%
62
48%
132%
125
78%
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125
31%
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■;
55%
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43%
Deo 20
70
Jan
30% Jan
4.9%
54%
33
*113
■
176
49%
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33%
110
135
.
,
145
176
54%
33
•108'
118
34
,
' 4iy4-
48%
29%
t
Apr 10
Mar 9
Jan
5
,
>
V?
22%
7%
39%
14
Francisco Sugar
par '
F'k'n Simon & Co Inc 7f# pfd—100
Freeport Sulphur Co
.10 •
Fruebauf Trailer Co New
43yaDec 7
27
Dec 31;.
:146
May 9
51% Nov 2 7".
26%
22%
.'•140
40%
Jan 24
:
53% Jan
16
Jan *
20
Jan,
13% Jan
,
,
13%
186
22%
'8%
24%. 25%
*102% 105
^ 40%
xl44
178
33%
;
<25
11% May
5•
* 8
34% .'v' 34*/*, -34%
29
39%
;
23
45%
46%
—
40
*
25%
148
•
31%
r
•
*180
39 V*
40%
*140
13%
.
21%
•
.26
80% Jun
> 44% Dec
^
19'/+
48%
^129
=
95
55
*122
78%
130
*129
>j
13% *
26%"
"34%
48% .48%
13212 132%
132%
125
♦122
Jan 24
14%%14%^>*-14%::-14%.a
180
48%
54%
.,
48%
132%
.
122
25
---
33% Dec
8% July
58% Mar
16
Nov
69
Dee
29 .Dec
25% pec
17% Sep
135. Dec
35% July
*108'% 109 '
64
:^5%- i
186
148
34%
.
*175
180
64%
^.10
75
Jun 26
35% Dec 29,
.
14%
.18%
;
108V
65%
26
147%
147
,35,
*175
-
59% Aug 20
--
24% Dec
5% May
43% Aug
' 13% Dec 10
~»-
—
42% Dec
—
49
89%
90
108
64%
14%
40%
14
147
34%
•:
■
,
prior preferred......
47% Jan 24
15% Jan 13
.
6
—
/
61
44%
18%, ' 19%
■
26%
26
,41%
147
:
1
10
3
Dec
28y« Jun
—
34% Jan
83%
13%
x81
46
*180
-
; '14%j ;14%
r
147%
t%
-
—
Oct 10
44
30% Feb
2
6% Mar 20
100
53
18% Dec
'»
10
...
v.
' 16% Dec 13
; f
No par
Uiu
4
12%
x83%
14%,
13.%r-:14
\ 186:'". *180
,
-
27%
26%
61^
83
"
65%
63%
84%
41
*81
82
19
I 19%
*107% 109
82
18%
26%:
147%
14%
63
*107% 109
186
';
2«aV
83
84%
xl4%
*81
,
>
^
62%-
13%
;
-
19
108
■
/; 62%
*180
.
81
18%
r108.
83
41%
14%
61%
,
85
63
-
12%'
9,800
Food Machinery Corp___>
Foster-Wheeler Corp„
Jan
18% May
111 Va Nov 20 •
July 20
41
44% Dee
,
27%
*83
14%
;
43
8,300
,
Follansbee Steel Corp
57« conv preferred
Food Fair Stores Inc—
107
v
•
;;
.
4
,*82
—
v
oar
Jan
•
47%. Deo
Jan
i 14% Jan
Jan ;;■) 17% Dee
Jan.
: 105 - Aug
Aprv
27%:Nfov
Apr:
; 24
Dec
Jan
' » 10%. Aug
Jan
' 32
Dec
Jan
: 108
:Deo
Jan v,
27%;Aug
Jan^
53% Nov
Feb
57Vi Dec
Apr
1 109
Jun
Jan
r
44
Aug
Jan;
;9%10%10 - 10%, v,
9%10%
19%
19%
19% ' 19% ; ;.;
19%., 19% ;
.26
26
■
/ 25% 25Va
*24%, ..25% •
27
27
26% * 27..
26%
26%
,
19V2
25%
27:
,,
u
52%
41%
-
2,800
-
No
38% Dec 10
23% Jan 16
^No par
nuisneim Snoe class A_
18,900
75%
1
,
No par
com
Florida Power Corp.*-^«..«*w-i-7%
<400
15%
(The)
$4 preferred
.Florence Stove Co„
400.
33,100
44%
*27
Flintkote Co
70
,
14%
78%
15
5,700
51
17%
44%
18%
*43%
14%
.
,
,
39%
39%
*111% 113%
li 50'A
50%
"<
;
.
109%
60
,
6,700;
18,200.
-
74%-075%
60
' f-
-
■
64%
109%
"I
,
63%
32J/a
62%
2,M0.
34%>
18%
.
'.•17%Yl7%
62
-
*'
18%
•
♦110% 112 a
46% -48 t"
32
:
32%
H 17% '17%
:
v34
>:,34%'--'35%
46%
':■!
69%
F»lrb»ak» Mow
par •••«• 42% Jan
2
65
Nov 17
33y4
Fajattlo Bug CO or Pt Rico——120
25% Jan t 4
36% Nov 28 :
21%
Farnsworth Televis'n A? Rad CorpJl/:12% Mar 28
20% Dec U ;
9%
25V?
26%
t ,s 2,lflo
Federal Light As' Traction-.—_^13
* 17
Jan
5
26% Dec 31 ^
14%
-110% 112
i
20;
S6 preferred.-..-—
No par C 104
Mar 28 / 110% Oct; 17 v
10046%
48%"
3,400
Federal Mln ds Smelt Co:
-Jl
* 25% Jan ' 2
42%Dec - 5 :
19M»
31%
32
700, /Federal-Mogul;Corp-*.--/,
i—5
23% Jan "'<:5 •/ 32% Nov. 8;
1717% • 17%
: 6,500»
Federal Motor Truck
No par r
9% Jan 22 i
18
Dec 10:
5
X62%
63%
:
5,300*
Federated Dept Stores
No par
28% Jan 23
59% Dec
5 S
22%
U06% 106%
;
300
4%^ conv; preferred:—
*...100
103
Jan 22
107% Apr.18 /
93 *
31%
32%
/
1,400 " Ferror Enamel Corp-w^—«•,, 21% July 24 V 34% Nov
5 '
17
.
65
•; 65%
2,600. ;/; Fidel Phen Fire Ins N Y
,wl0
50
Jan
2
63% Dec; 28
45
74%
75
i
;
6,300
Firestone Tire Sc. Rubber—
25
53 Va Mar 26
70% Nov
6 :
38%
•109
109%
300
4%% preferred:
100 r 105% Apr 26
110% Mar 3 .
103%
58% ,58%
4,400
First National Stores
No par
42% Jan 2
60
Oct 10
35%
19%
26% >26%
110% 110%
;;;
69%
y
34*%
RECORD
Dec
6% Aug
THE COMMERCIAL & FINANCIAL CHRONICLE
;AA
A". Monday, January 21, 1946
NEW YORK STOCK RECORD
Monday
titaidtf
I per shar§
•36
•152 '
•103%
15%
15 J/4
•33%
105
16
15%
134
34%
'
•182
134
34
v
105
•
88%
♦36%
37
38%
115%
115%
115%
136
136
135
135 :/.«>:
89
*87 %
-
88%
140 :
•137
28%
lb3,8
14%
15 Vb
134
134
33
34
105
*105
34
16'
16%
;
*105
600
"*
Hecht
-1
*133
115
88
88
88
a:
88
140
1
140
-
89
500
140
138%
5%
,.
$4
130
a
29%
28%
29%
*36%,
37%
36%:
*33%
34%
34%
34%
61
59%
60
26%
26%
26 m
26%
30%
31
A
53%
54%
'AA53: AA
26
27
25%
26%
62
60 Va
61%
1,000
30%
303/'8'
31%
-
conv
10
22% Jan
182
par
a Jari
9
JunJuly
110
Dec
9%
v
8'%
26
35
.189
-
A
Mar
.63%
Jan
160
8 «
■
July
75%-: Feb
» ;•'•
Nov
170
a
M Apr
128
.
75
Dec
22 %
Mar
A
Sep
112
Sep
V;20% Apr,
July 20
138
i
,
20 %
;
-
115% Dec
8
Jan
2%
.
Augj' 9
39% Dec ,17
' FebT5
130
.100
A Jan
27% Feb
89
•>:
Jun
,
5134 a Mar
'
72 '
a
90 a NOV il3
15
15
138
Dec
13
21% Aug 20
*—10
Feb
123.5. Feb
par
—5
Hlnde & Dauch Paper Co
3,400
10
22
No par
preferred
Dec
92 V* Nov
Jan
Rubber * Corp..—
Hewitt
2,400
*. 99
103% Dec
170
i-
r
Apr
4
2
.100
—-Nq par
Motors..:
———No
preferred
Hershey Chocolate——i^No
40
29%
29%
preferred.——•*
:,'A;"87/s..
Jan
13 /
24
.71% Apr
20%
Jan
6%
14
Dec
14 '-'
100% Oct
IT- Deo
h109
-
*5%
AA.
134% Nov
Mar 26
:
Jun
104%
16% Dec .11
.25
Dec
12
Jan -/4
Mar 13
X*e
.leys July
»
.
Nov 30
14
33%
22 V*
•
:ApiA.^
104% Dec, 11
10
W)
non-cum
43 % Dec
5:
;
15 y4 Mar
40^"
2
>4
Jan
Hercules Powder
1,700
I37aaP;
A
a Apr
"
if' 15% Apr : ,Ni/-2i'^-July
152 ; , Dec
138
J»n,>.f
10 A
.
30
.100
preferred—
Hercules
-l.lOOi
115
„
89 AA
TT
139
*29
29%
,
7%
:r
9
Apr
Highest
•
# per share
.
12
29Dec
A'155
108
.15
(Q
Heime
600
90
37% AA
*133
137
139
..
140
29
115%;
115
137
191
•36%
38
-
110y4Jtn
6
/■'a 6
.25
11
Oct
;Y-9%
.
Dec
121
27
V
11 fA
Jan
7%
98y
Co.
3%%
120
;AvA,
■89
Apr
„1
.100
Co
HazeL-Atlaa.. Glass
480
106%
86 VB
*184
191
A A 37%
115
114%
*133
*
4
89,
*184
38
?37%
.;
88%
88%
184
184
137
*139
29%
*87
x30.
.10:
Jun 22v
27% Dec
12
Lowest
per share
43% Nov 30
.
2
Oct
Hayes Mfg Corp
39,100
.
34%.,,.;..
*33%
;
106%
A
:
14%
137
135
preferred
6%
10
■f 39
2
:
18% Jan
452::,:
.100
2,000
Hart, Schaffner & Marx
Hat Corp rot Amer class A——.
13,700 A
'-AA;" 20
'fi4%%- preferred (modified)—
Hayes Industries Inc. .
12,700
-A"' A
103%:;.
14%
a
135
34
105
114%
*133
p
139
29 VB
15%
A
38 y8
114..
•
88%
137%
29
16%
fa/av'«7%A;88:,,>ai
88%
38%
/a
115%
t
103%
v
33%
88%
,
a"a,I84,..' 184
37%
105 y4
A. 44%
pid— No par
Relrac——No par
Harbison-Walk
•
•
$ per share
103% Aug
2
105
Dec 28
.100
'
89%
*182
■
A
105
105
*103%
,
45%.i
15V«,
15%:
14%
133
:.
*155
'
A
16%
15%
105
lb»/4
15%
135
33%
34
104%
89%
16% a
15
aa
155
A
15V< Jan
2
20 V» Jan
pur
Hanna (M A) Co $4.25
3,400
,
Jan
33
..10
No
Oo._.—,
conv.^preferred—
4%
60
27%:
45 Va
.'
Hamilton- Watch
Year 1944
Highest
per share
—28
Co
Printing
HaU
107
27 y8
45
16%
*103%
117% a
*105%
v".
•
Range for Year 1945 Ar...ALowest ;
Jlackensacr Water
2,400
2,000 A
320 '
i
*116%
28
A.
t
,
26
15%
45%
,
Range for Previous
A..;.A
STOCK
1
Shares
34%,.,
■
26
106 ya
155
38
34
<
.,■#
117 %
m.2 7%
•
14%
26
■
■
106%
;
.28
45%
*35
35 Vi
'
117
*152 -a. 155
,
105
134
A
lUo ya ;
27%
15 Vi
it>v4
•
..
26
118%
105%
45%:;. -J
>
*103 %
16%
14%
105
;
.
•88
*117
-.
h 155 /
45
:
14%
134
117
15 4'
105 •
35"
26%
*152
4,
45%
16
13%
134
35
26
*105% 105%
28%
155
14%
*103%
105
34%
117.
.
44%
•v
4
?14%.
'A.
35
26%
28% ''-.va/ 27%
27%
*152
44
14%
105%
4 '
155
44
117
•10514
27%
.
A 39 A
*36
39
*36
34%
A
t per share
YORK
EXCHANGE
the Week"
Jan.18
t per share
NEW
Sales for
Friday
^ Jan. 17 ;vK"4
t per share
39
*36
■
a
26%
*115%
116
105%
27%
;
26%
33%
26 %
A
Thursday
Wednesday
Jan.16
i
;
•v
.
t per share
■><'
32%
26%
•105%
"m
~
39
*36
.
32%
25%
share
$ per
39
32%
115%
Tuesday
Jan. 15
Jan.14
Jan. l*i
STOCKS
HIGH 0ALI PRICES
LOW AND
32
Dec
.AA 73
63 AA JanA
July
3
114;
Apr....
u
125cv;Deo:
.
-
,
i
r
a.a-;
35%
35
'
61
•59%
26
35
61'
'
a'a
34
26%
30%
X30%
54%
54%
23%
24
24
25
61%
61%
29%
29%
34 aa,
26%
aa
.
*59%
61
61
27
26%
26%
-f
34
33%
61%
26%
55%
31
a
61
;;-61A;a
26%
v
30%
.54
'
37
vaa'37/a
37
37
36
35%
.*34
:
•
:a.
31
a
30
30
30%
54%
55%
53%
54%
25
25%
25%
'26%
♦61
63%
.
62
.62'.:
7a' 30%
108
•107
107:
87%
86%
20%
21%
21%
22%
54
54
*•
22
21 y4
21%
35%
36 Va/
•
33%
8%
-
3314
9y8
53%
54%,
.10
23%
9%
33:
a
32%
33%
31%
9%
9%
9%
9'/8
A
;:AAa;v
39%
•94
..,:
96
v
36 %
<
144
*167%
/A
108%"
18%
:*168
109%
108%
10%,
10 V*
*53
54%
.
^
Hudson Motor Carl*
38,600
Hupp Motor Car Corp
96
.96
•
i44y2
144
.
73%
•107
,110
110%
19
19%
Industrial Rayon
j
97%
193%
193 %
11%
98% 100
A
12 VB
32%
■
:
:
9%
39 Vb
'f4 10%
39%
39%
1
A A
l,A
•11%
X52%
10%
249
Interchemlcal
•
110%
23%
143
> *111
AA
V
12%
110 A 110%
A!
*56%
59
*56%
A"
46%
48
48%
49
*195
205
*200
208
*144 A
180
*144
180
*29%
30 y8
•
44
44
*27%
*150
m
30%
29%
A
30%
A:
110%
*43%
158
28%
44%
44%
155
*150
40
Preferred
146
■■
44%
International
46%
5%
:/119% 121
A
23
108%
108% 109%
58
,A
Aug
Aug
0
29
44%
*153
"-.Sep 26
104% Jan
2
Feb 28
158
160
82
•;v$0
155
88%
8% Jan
-
106%
; f
Dec U
Jan
111%
Nov
4
4
Mar
165
Sep
Feb
*87
Aug
12% July
8% Oct
9% May
7% Jan
6
29%
37% Jan 25
104'/4 Jan
:
71%
2
11% Mar 26
104
3
8% Mar 26
6%
Jan
19
154%
74% Mar 21
67%
178% Jan
1
5% Jan
10% July
82%
Dec
Jan
180 V*
Dec
1%
Jan
15%
Jan
65;
3% Aug
18% Jun
,
Jan
,
i
"1
;
•
2
2
28% Jan 24
No par A'A
129
Feb 23
100
19% Jan 26
—15
25%
130
? 13%
66
•
Jun
;
32 V* July
;
6%
Apr
64% Jan 26
Dec ;
80
Jan
Jan
136
Oct
;1
Feb
Feb.
21%
Dec
fij.
94
Dec
>
12% Jun
'
M-
9% Mar 26
7%
Feb
Mar 27
68%
Jan
92.
jp &
3
39 Va
Jan
47
Aug
2
35%
Jan
43
Sep
!
56%
Jan
93
Dec
|
135
Oct
>
20
Dec
79
>
41% July
39
Feb
92
Jan
2137% Apr 19
117
'
Feb.
par
18% Jan
2
11%
par
18% Jan
2
11% Jan
par
17% Jan
2
par
1
19% Jan 24
preferred—,.■>A
)
Nov
188
Feb-.
4 V*
100
i
Apr
>
2% Jan 23
17
Jan
2
75% Jan
A
165%
4
I
Dec
8% July
105 Va
Jan
173% Jan
.
>
|
•
40% July
Apr
No*
6%
V 6% Mar 28
5
preferred—
Island Creek Coal
Jan
42% July
Jun
100
..100
No
Foreign share ctfs——-No
Interstate Dept Stores.
No
Intertype Corp.;—
1—No
46
28%
Apr
35%"juiy
2
103
No par
—50
Intern'l Telep & Teleg
Jan
Jan
'
39% Jan
100
Am—.^—No par '-A
100
Silver
International
:
Jan;
8
preferred
International Shoe
7%
44
Co.
§ Feb
10%
-
International Bait———No par
'
,30%
45%
.
conv
Paper
Inter Rys of Cent
5% preferred
23%
110%
•56 %
30%
30
46%
28%
•141
Int Nickel of Canada
180
31
Deo
16%
Feb
25% Jan
25
preferred——————
International Mining Corp
10%
38%
AA:
47
59;
.29%
.
Jun
28% July
1% Jan
.
15%
*-100
i
4%
,
48%
210
*144
30% |
45%
155
*150
48
*195
180
30%
•
110%
*56%
204
28%
28%
4;
-
43%
146
45%
23%*. 24
;
.
,30
•;
44
45%
45
••v
28
43%
204
*144
29%
•141
45%
120% 121
-
8V«
July
2%
ll'/a
Jan,
22% Mar
;
Business
Int Hydro-Elec 8ys class A
International Mln A Chem
98
9%
40 Vb
39%
150
•96
10%
10
24
59
47
29%
40%
23%
'
Jan
s
'36% Deo. 12
r: 34 ' May 19
9% Dec 10
37%
Feb
1%
24
No par 4
Corp_
Preferred
12%
32%
11%
32%
.
98
.118% 121
24%
60
A 29%
10%
44%
47
*55%
,
10%
;A .a;*142 A
119%
194%
33%
45
23%
112
11%
33
•96
40%
119%
24
12%
33
A'a
30%
46
No par :j:
Machines—.—No par A;,
International Harvester.*
No par y
.97 %
•193%
194
98
143
44%
119%
23%
111%.
39%
,
;
194
>'
39%
10%
2
13J/* July
Feb
7%
54 l Dec 31
.s-.'a 8% Dec.,3t;A
23% Jun 26 ;
70% July
Feb
63
51
*
4V*% preferred-/. J—..—~100
Intercont'l Rubber
No par
Int
249
96
97%
.'32%
»
6
3% Jan
Interlake Iron
17%
16%
17%
520
1
Insuranshares Ctfs Inc_
52%
108
10%
108
*96
A, A: 11%
'''
19
Jan
•i 14%
i—20
Inspiration Cons Copper.—:
19%
11%
19%
10%
97%
195
194
98
10%
45%
117%
.117
23 %
45
12%
99%
98%
'
A,.
33%
*96%
150
*142
A
194
11%
10%
40%
144
44%
100
33%
98
*97
99%
194
33%
;
•
;
44%
143
116
33
98%
10%
*97
,
193% 193% A
12% /■
12%
>:
33
A
Jan
:
27
23 % Dec
4
26% Aug 21
%, preferred.*—.———.—..100
Inland Steel Co—
No par
'
97
10
A 6
—
109% 110
11%
16%'
•245
•167%
108
10%
246
140%
53%
53%
16% : 17%
250 A
A.
247%
20
9
87 % NOV
16
No par
.—No pa*
—No par
$4.50 preferred A
Ingersoll-Ranti ......
107
20 V.
108
10%
10%
17% ; A.
16%
74%.
140%
110
A *11%
53 %
53%
10%
245
30%
22%C
107
—
19
107% 108%
A
73%
'109.%:,
110 :
.11% A11%
10%
•"
•168'
19%
'53%
109% July
-
Jan
18% Aug
3 :
Nov 14
29% Dec .10
,
a
22
Jan
Dec
47'/. July
:
25 J/4 Dec
2
>2
.*1000
73%
140% 140%i
,
110%
107%
A..—!
30%
•168
53
RR Sefe ctfs series
-
Indianapolis Power & Lt
No par
Industria Electrica De Mex, S A——
'
-142
*.100
21%
mm
■
A
63
5 34%
,
19 V*
NOV ,29.
60% Jun 26
Sep 22
•12% Jan
Nov
5; 35
24
Aug
66% Jan
.1
Leased lines 4%—
1
38
73% A74A'A
*106V4 108%
108%
2
Dec
47'%, Sep
21V*
Idaho Power Co—C————.20 :W
Illinois Central BR Co—
*.100
6% preferred series A.
.100 v
82%'
•37
31%
31
:
.
107%
247
*245
74
10%
16%
16%
16
245
32%
W-ii;;-
AA 10%
'
26,100
9»/4
Jan
23 V%
26% Nov 28
.
2
25
*—No pat
32%
8%
37%
37%
19 Vb
-
;a
10%
10 VB
15%
245
:
54%
108%
'a: 10%
109
10 Vb
10 y4
i;.10%
I
m *107%
54%
*107%
.
6,000
16,400.
82
109%
•
19%
18%
24%
97%
*96
37% -v
144
*167%
:
—
108
■
96
*106%
144%
45,100
•
38%,
85
74
*106% 108%
143%
..
74% a;
44 74
73%
*142
2,600
•
.
45%
85
31%
.•.iJ
*i06% 108
'
7
Jan
102
preferred
i
100
Light & Power Co—No par
Houston Oil of Texas v t c—*—25
Howe Sounds
-8
Hudson & Manhattan
100
5Ve non-cum preferred
100
Hud Bay Mln & Sm Ltd
No par
39%
44%
85% A
37%
32%
73
119%
45%
94%
36%
'31%
39
44%
•85
84%
54%
11 %v
13
i 55% Oct 26
par
3%%
53,800
31
16%
Houston
600.
32% Dec
63% Nov
,
39
39%
AA, 43%; : 43%
84%
'.1) a 4
24
31%^
33%
9 V*
Household Finance com——No
44; 240
108
36%
a
.
2
42
12.50
Houdaille-Her^hey, com _—_No par
S2.25 -preferred
*—50
30,800 A
25
Jan
AM7%: Jan 15
Nq par
25%.'Aug'.
33% NOV 13a-
Jan
A: 17:, Jan
—a
*
Holly Sugar Corp.—r_
10%
37%
(A)
Hollander & Sons
Homestake Mining
86%
25
*—10
(Del)
■
J 23%
1
The——.
2,900.
24
24
37 Vi
33%
,
9%
A 1,100
53%
A
Holland. Furnace
5,900
23%
11%
10%
?36% -
36%
a
*
53% a 54 V*,V<
,
24
23%
36%
36%
,
to y4
10
24%;
24
24%
-
Hires Co
600w.
86
87%
(C E)
400.
31%
107%
a
109
*86
87%
54Vi
f
33%
9%
32%
>
22%
•
35%. .36%'
■
*108
108
22%
53%
9%
.
30%
23
22%
';
9%
••
*60%
30%
*86%
87%
-22%-
aa
-
a55aa
'.*54'
8%
;V
*86
87%
<
107%
108
*107%
107
87%
62
62
30%
,
30%
30%
600;
:
54%
31%
1
A 30
36%
'
41% Jan 23
25
'
*35
•33
36
145
Jan
»
4
i
•20 % Aug
^ 20%
JUly;
|
I
■
20% Dec
45
July
.
144
Dec
:
Aug 31
Jan 12
WlMb
146%
»i4i y2
21%
21%
20%
112
148%
146%
148
:
*141%
:r
58%
>
58
*57
,
22 i
115%
*113
*120
160
141%
r-
46%
45
'
,
47%
150
58%
150 %
141%
57%
v,
57%
•113
48
114
•113
114
*140
115%,
160
*140
160
46%
A
103%
103%
104
104
135%
135 Vt
140%
142%
29%
30%
30
111%
•141
141%
*120 x' 160.
A
•111
& 58%
58%
48%
47%
/■'
47%
111
150% 151%
149
24%
22%
22%
47%
111
149%
*113
,21%
;
47%
47%
111% 111%
47%
'
*46%
*111%
30%
30 y8
48%
103%
103%
•
•141
^
143
31
31
33%
;
4 -47 %
48
•
•103% 104
140% 143
34
31%
-
31%
31%
31%
122
*118
*118
«
33 Vi'"
122
33%
29%
*63 %
29%
-30%
63%
63 Va
63%
49%
49%
*37
a
38
*37%
122
'-29%
65
29%
34%
118
,
49%
.a
aaa
33%
33 3 8
33%
331/4
33%
29
28%
29%
29%
29% A"
55
.a a
51%
52%
52%
541/4
53%
*33%
34%
*33%
34%
33%
'34%
67%
67%
68%
68 y2
67%
90
39%
a
39%
>108/2
40
109%
34%
*17%
*108%
34%
35
48%
7%
49
7%
28 V*
'
54%
*'34%
a
35
*66 Vi
-
*37
A
33%
29
m->
33%
'
54%
•
A35
55
53y8
'4<
35%
67%
18
17%
17%
90%
90
90Vb
A
AA
A A 500
,
AAA 1,200
33%
29
: 3,200
54%'
"'4: 21,600
A '
2,300
35%
35y4
67
67%'500
-
17
.
!
; 17%
89%
90%
/a,
aa
17%
a 88%
"A
17
89%
•• i
AcA 1.800
17%
90-
230
'
41%
109 !/2
35%
41%
109
35'4
42
109
35%
40%
*109
351/4
40%
41%
110
*109
35%'
35%
40%A'5:110
38%
*108%
36
40%" .:'rr
109%
37 y4
36
-
a
17%
17%
17% *
17%
17%
17%
17%
18
18
48
48
48
47%
47%
47%
47% A A,:
47%
47%
48%
48
48%
47%
48%
48
48% .c.
7%
7%
7%
7%.
:,:.
7%
7%
7%
55
59
57
58%
57 Ye
58%
55%
56%
55
38
38%
38%
40%
41%.
43
45%
47
46
79
•76
'
*65%
footnotes
68
see
*65
7%
A
69
►69
74
*75
.
7%
A A,v
8%
58%
%
48
82
,'.
4,600
10
: 9,300
47%
49
37%
..
••
\ri
48%
v
800
•
37%
J
.
50
67
10,500
5'Ak51%:5" A-5,500
33%
28%
29
*66%
67%
:..51
'
37%
For
29%
A A ♦6i,/263%
,
291/4
53%
"
33%
28%
•
.a*a
49
'64
10
48
*17%
IS
48
*47
AA
10,800
■
'
17
90
51%
331/4
67%
91%.*
37
51
50
A: ;
28%
91%
37
50y2
571/4
50
122
'
38
16%
37%
63%
49%
17
63%
631/2
38
16%
63%
30%
•'
33%
32%
122
30%
63%; a.
38
'•
34
122
29%:
29%
33%
A
122 i
*118
30%
50%
*33%
*118
400
2,000
'A
4,300
195,900
A
16% Apr
*31% Deo li A
Dec
117
Mar 26.
LiilO
20 Jan 3
AXun City P tt.lt pf uer B——par
117 c Jan ' 3
Kansas City Southern
No par a - 13
Jan 22
4% non-cum preferred.——100
: 34
Jan 22
Kaufmann Dept Stores
—1 . .
18% Jan 26
i Kayser. (Julius) ti Co...—■ / 23% Jan.22
Kelsey Hayes Wh'l conv cl A——1
22% Jan 23
A
Class B
1
18% Jan 2
Kennecott Copper
-—No par ,
35% Jan 24
Keystone Steel & Wire Co—No par
22% Mar 10
Kimberly-Clark Corp
No par
38% Jan 8
Kinney (G R) Co
-1 A-.a 8% Jan 15
$5 prior preferred
-—No par
72%iMay 14
Koppers Co Inc
—
——10"; 28 ; AUg 1
4%% preferred—-J
—100 ;
107; Aug 9
Kresge (S S) Co
10
26 -Mar 26
Kresge Dept Stores—
1 ' A '8% Apr 7
Kress (S H) & Co
No par
35% July 27
Kroger Grocery & Bak
No par
37
Jan 24
<
Kalamazoo 6tov« ft FUrit.
67A
Laclede Gas Lt Co
Lambert Co
Lane
4
(The)
Bryant
4%%
Preferred
—
-
—100
No par ;
No par
——50
..
A 20%
Feb A
;;
Jun
35
Nov 28
Dec.
7
Nov
28
15
Marf'
5
8
50 Vb Oct. 18
7% Dec 11
48Va Dec 27
39y2Dec 27
63% Dec 12.
24
'
.
78 %
34%
Deo'
108%
22
6%
Jan
Jan'
Oct
|
Dec
Ai-t
Dec
A
••
Dec
Dec
s
27%
/•'
Nov
A-
10 y4
Jan
27%
A 31%
Dec .7 j
Dec ••'•: f
108%
Dec
Feb
42
9%
Feb
3
54% Jan
3
17 a
17% Get 16
x49'/4 Nov
A
Jan
31%
i.'
19
A, %' 37%
191/4
V
67
Mar
r\
f j
Jan "A
29%
35% .Nov
; t
•
Jun
13%
10 A
40 y4 Dec
Aug
19%
6 A
Dec
112
A.
Deer
Jun
Dec
96% Dec
•
Ti
24%
51
.
X26
'
Jan
,
M
A 20 :'.'■• Jan >A
31
4% Apr 5
31 Vi Jan 3
24% Sep 12
54% Oct 18
17 A
54% Dec 20 A
Feb
14% Dec
•39% Mar
Jan
A13V^
26
35% Dec 10
s
t), luO
Dec
21% Aug.. i i
124
Jan
19%
19
Dec 20 A
38 4
6%
31% Dec
•
5,300
'
124
;
Oct
39
Dec
37%
Nov
x3iya
Dec
A.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4457
.Volume 163
NEW YORK STOCK
LOW
Jan. 14
Jan. 12
n 15%
15%
41%
41%
4%
55%
34
69%
34
97
1
99%
98%
56%
100%
*198% 199%,
56%
55%
;
56%
*82%
97%
■
QQ
200
200
V
36
36
34%
98
85
'
33%'
"13%
53
'H
.V
35
34%
34%
39%
39%
38%
39%y
•>:. 1%
: 42%
l7/a
1%
115
44 y8
34%
35%
35%
36%
65 Va
64%
66%
73%
73%
43%
29%
29%
*193
65%"
-■
J
-
67'A-,
40%
30%
-w
75
78
30'A
30%
31
X77%
.
VA
26%
-
67-
•
27%
,29y4
41%
5,400
21
Apr
31 Va
Dec
18
4%
Jan
8%
Deo
1%
Jan
2%
Deo
15%
Feb
39%
Deo
Deo
;
2 Va Mar 26
5% Dec
•
60
35% Jan 22
Libbey Owens Ford Glass
Corp
(The)>
Dec
Corp
1,300
100%
5,300
,
201
S
(new)U_»No par
No par
Jan
21%
Jun
35'A Dec
Deo
19%
Deo
Jan
53% Aug
Apr
8% July
22
7% Jan
7
33
Jan
.V 78
Jan
100
181
Jan
__No par
32
Nov
13
13% Dec
10
33 % Dec
21
68
2
Dec
78
25
^
Preferred
210
18%
17%
54% Dec
51% Jan 24
Liggett & Myers Tobacco.4-2A-.-A25
v'A Series B_;
Jan
27 V* Nov
3
Jan
a
17 % Jan
Life Savers Corp.new_
.
29%
38%
36% Jan 23
:
Llbby McNeill & Libby
40,300
>1,600
.
21
42
6%
2
100
Oct
3
3
101% Oct
15
•67%
198
Dec
11
174Va
Mar 28
50
Dec
10
Jun
83%
Jan
5
;
68% Jan
Jun
86J/a
Nov
182
54
1,000
Lily Tulip Cup Corp
26%
Jan
Feb
83%
3,500
Lima Locomotive Wks
.
iVo par
47% Jan
25
84% Dec
11
36
Apr
52
Dec
Dec
63
2,600
LinK Belt Co
•
No var
41% Jan
22
60
14
37
Jan
44
Dec
33%
31900
Lion- OH
No par
No par
19% Jan
22
Nov
39%
1)3
29% Jan
2
43%
36
:
30
79%
&
31%
195
:
67'-"..
s,A26%
Loews
Lone
3.700
Inc
;
Louisyille &
>5,300
60,800
29%
17%
9
19% Jan
30 V*
31
42 V* Dec
31
14%
23% Nov
>25% Aug 10
I 50 > Jan 28
-_No pat
i: 66% Oct
1
32% Dec
6
Biscuit
40
10
Nashville
166
L
' Jan
23%
No par
-50
Lukens Steel
74 "
Oct
Dec
Dec
53
40% Feb
Jan
16%
Dec
28
Jan
44
Deo
17%
Apr
20% July
8%
29
4
190
Dec 29
2
Jan
Jun
8
x32% Nov 29
'
100
-
37 Va Dec
6
r40% Feb 20"
18% Jan -2
^.23
;
Jan
415% Jan
No par
Lorillard. tP) Co
7% preferred.;
Louisville Gas & El A
.
80
4,800
6
Nov
•19%
No par
Star Cement Corp
Loose-Wiles
8,800
10,700
22 V* May
36% Dec
1
Long .Bell Lumber A
"3,100
:•
Dec
32 Va
Rights.
"
-
69:
4
Refining Co
Carbonic Corp
Lockheed Aircraft Corp
15,700
27,600
32
31%
41%
173,500
193%
193%
32%
Liouid
•2,800
84
31
:
;
>
67
29%
•iA>G%t 'j68'" V1
27%
29%
67%.
67%
Lerner Stores
66 .A
>
-31
31%
Lehn.& Fink Prod Corp
4.200
98
35%
;
.
79%
,
*193%
'
30%
*41% ' 42
-j J
74% * 75
50%
49%
34
4 31
Nov 30
20%
Deo
Oct
165
Jan
151
24%
Jan
"
52
Mar 27
68
13% Aug 21
10 '
£20
15%
15%
15%
25%
26%
25%
25%
44
43%
43%-
7%
10%
10%
17% "IS
10 V*
111%
Dec
4
Dec 11
10%,
6%
10%
10%
18%
20
43%
44%
*109%
111%
*109'.
111%
407/a
40 Vs
40%
41%
40%"
41%
22%
23
61
23%
61%
22%
61
61%
44
43
61%
43 :
32
32%
*42
.
32%
32%
*195
58
58%
*108%
15%
50'%
x50%
*111%
33
*195"
:
57%
109%
15%
-
JA
*195
'
59
15%
—
59
50%
:
4%%
*111%
Nov
26% Dec
525
27
Oct
Dec
NOV
48
Dec
6%
32% Dec
8
Feb
Feb
18%
23%
f
'61%
61
43
6%
61%
43
61%
:
42
,43,
32%: 32%
*195
£
f
' ' *.w'
4
50%
*112%
—
.:
27% Jan
—-1
-—No par
Oct
6
24% Jun 20
>63% Dec 10
Nov
48
4
4% Jan
A 37% Apr
25 V*
15
24%
Dec
176 Va
Mar
NOV
31
109% NOV *13
Oct
55
Sep
11 Va July
4% Mar
16% Dec 26
114
Jun
29
May
19% May
170
195
53 % Dec
Dec
Dec
12 : Sep
51% May
25%
16% Jan
33% Dec 11
May 17
22% Aug 21
176%; Jan12
■ 34V2 July 17
104Va Sep 19 :
8% Jan
4
40% Jan 15
110
Aug 14
May
20
16
46% Dec
<
——
—
111
Jun
21
Apr
13 Va
Aug
8%
Jan
12 Va Jan
42% Dec 26
21% Jan 22
97/a Mar 26
40
Mar 26
preferred—-————i.100
May Department Stores——£-5
$3.75 preferred-.-—--—No par
Maytag Co
—No par
$3 preferred
:
—No par
; > $s 1st cum preferred—No par
15%
18% Jan
22
Sep 19
109
7 %■
57% '57%
*109% 110%
*50Va
Eleo Co—
Mathieson Alkali Wks
*
15%
18 % Jan
preferred
(Glenn L)
Master
;
*"31%; 32%
'
prior pfd-—100
Oct
24%
6%
5
6
Deo
16
2% Jan
7% Dec 26
>11% Dec
Dec
Jun
Dec
10 V*
Apr
10%
4
397/a Dec
-
Dec
Oct
■
391
Jan
315
17
19
22%
Jun
14%
10
38% May
108%
Jan
14
7
15% Nov 30
:
3% Jan
2
7% Mar 9
15% Apr 16
100
Co———1"
Martin-Parry Corp..
No par :
Masonite Corp—.
No par
'
22 v*
-
St Ry
Martin
50%
50%
.
Dec
34
3
28
7
3
17
148
34Va
110% Nov 23
24
/30
Feb
Jan
X26% Aug
104
Jun
135
Dec 31
.
f/' 52
22
Jan 20
24
Marshall Field & Co„^——No par
!
109% 110 *
15%
15%
16
50%
:■■■■.
58%
'
109% 109%
*111%
—
Market
18%
44%
24
——5
>.
Maracaibo Oil Exploration——. I
Marine Midland Corp
1
5
•
10%
17%
40%
44 '
Manhattan Shirt
7%
42%
60%
>
24%
:
18%
45
•
23%
31%
24%
72
i
25% Apr
May 29
155
2
•
520
Dec 27
39
3
16
Jan
•
7%
40%
*41
•
44
45%
*109% 111%
45%
*108%
25%
43
7
10%
17%
■
x44Va
15
25%
44%
44
7%
6%
15%
25%
jr
147
par
.
,'14%,t 15
15%
15 V#
*25%
15%'
43
6%
*435
520
♦430
No
413A Jan
Macy .(R H) Co Inc__
_No per •
31V» Jan
4V*~% pfd series A
-.———100
106% Jan
Madison Square Garden
No par ::: 16 V2 Feb
Magma' Copper—; 17
Mar
Mahoning Coal: RR Co-———50 v 425
Jun
Manatl Sugar Co—
—;
1
' ■
7% May
Wandel Bros—
—No par
' 14
Jan
27%
>26%
27%
26%
26%
28% Jan
10
100
Mack Trucks Inc
•
108%
34
*33%
520 \
*430
,
73
108%
-
25%
520
MacAndrews ft for^eg-.^,.
6% preferred-
A
'
.
%48V*"'"49\A
;
"34
34
26
*430
520
'
25%
:
26
25%
*430
49"%
*108"% 109
34
*33
72
;
42%
■ .
*156%
73%
49%
50%
i *42
—.
72%
&
*108% 109
109
*32%
*156%
*156%
'
75%
*108 Va
<
30
30
195
28%
■
>:■
67V*
10
39%
"
.36%
.
5,100
37
''
29%
'
42
'74%
49%
:
36
•65%
.
Oct
Dec
j'
♦156%
S
36%
67-
*193%
"*67-
30%
28
35%
29%' 29%
.
67
:66-f-
26%
'
-v
12%
32%
'.
■
49 V*
Jan
1%
39%
44
Apr
8
G3
;
63 V*
in
38
11
42%
63%
43 Vs
74
■
'
*52%
'
lli.
4.800
>,70':
97%
A
84%
43%
Deo
22
44
6% Jan 30
50
share
per
81%
54%
63 Va
33%
t
Oct
72
J
preferred
conv
A
*199 A 199%
38
24
Lehman
13 Va ;.13%.
100
33
29 Va Jan
A-
33%
69 %
53
^
4
6%
Hlgnest
share
17'/a Dec
22
Jan
"
83%
34%
Jan
12
•■
Year 1944
"per
share
per
17% Jun
47
28%
;
*36%
38 Va
'30
32 %
.
4'
52%
29%
30%
19$-;~ T95~ •
'
30.
29%
657/a
22
:
30
193
,193
29%
73 Va
*
13%
84%
:
85,700
.13,800
$
share
5
59%
4. 28%
P
69%
A,
5%
per
Lowest
Highest
'
199
38
44%
30%
.
,13%
43
36%
01 *
30%
66 %;
•
73%
29%
;
I
195
•28
'
/
30%
73%
■
46,700
55%
$
Par
Lee Rubber & Tire
45,700
'
:
34%
•
36%
43%:', 45%
A 69
33 Va
>..33
198
115'.' V:-," 1%
1%
;
"
£
15%
Lowest
Leliigh Coal & Navigation Co
10
Lehigh Portland Cement;
25
Lehigh Valley RR
50
Lehigh Valley Coal
No par
1.600
58'A
100%
63
63%
62%
30
42 Va
5Va
Range for Prevloflw
Range for Year 1945
STOCK
■'■A
700
16%:;
54%:
r-
28% A
100%
84
34
30%
,
.
28 Va
100
52%
87%
•
.
199
53
39%
£ 30
70
YORK
EXCHANGE
\
14%
>
;.157/a
36%
*195
33%
,
Share$
41%
98
86
63
-y:
13%
99'A
63%
£
4
.16
.
69% V.
36
39%
65
>
v,5JA:"
5y«
A54.%'A56'W':
.59
•: .59 'AA
:
33'A
*97
96%' 97%
>99% . 100%
; ' 198% 198 Va
64%
58
;:13%
- ■
36% :
36
5%
69%
33%
::
NEW
share
*67
.
.
42%
A 14%
567/a
m 33m
■ •
63%
,
70
*68
28%
69%. v
13%
y
'
87
\
157/a
:
.
85
42
577/a
29
>69
13%
13Va
13%
13
43
56
58'%
"v >27%
:'33%
■
*97
15% : 16%
5%
5%
57%
56%
27%
'33%
67%
,
56%
,68
34
33%
t per
:
'
-
56%
27
?
16
42%
,
70% /
15%
"
14%
5%
57%,
55 %
55%
70%
v
.
16
14%
Jan. 18
share
»• per
Sales for
the Week
Friday
,
Jan. 17
..
S per share
,43% v
-,
STOCKS
Jan.16
14%
71
15%
v' 43
'
5%
4%'
.56 Va
27
67
~.
V
14%
13%
4%
.55%
27
43
\ 42 '
13%
13
54%
16
15%
>:
10V*
■
•
;
■
$ per share
70%
X70%
•
70%;
70%
'/'
share
Pet
* Per share
Jan. 15
,v
Thursday
Wednesday
£ Tuesday
Monday
Saturday
RECORD
SALB PRICES
HIGH
AND
327
15
6
July
44
32 Va Mar
106% Mar
Dec
110%
•
55
54%
33%
55%
34%
33%
55%
&5
55%
v 34%
£: 55%;
56
*55%
■33%
55
33
34
35
^
1,100
A
.
—L*
McCall Corp
27% Jan 29
'
34%
34%
16,800 £ McCrory Stores Corp
—1
5% conv preferred w w—100
2,210
2,680
3%'A conv. preferred
100
? my*
135% 136
136%
137%'
138 V*
110
110%
137 %
110%
138%
109%
111%
111%
111%
110% 112
41%
40%
40%
41 y2
* 4i%
*41%
110
40%
*39%
33%.
34
34
Z 68%: 68%
45
-
67%
27%
118% 119
*105
27
27%
v
*116 Va
29%
*28%
28%
23%
23%
23
,138
*
I
68%
27
1071
106
118
116
29
107
106%
117
.
107
51
116
130
29
29
1,600
21%
*106%
85
85%
28%
86
86%
40
38
38
*108%-
109
60
60
110
109%
»
60
111
34%
58%
,59
•'
^iiq
1,400
Miara i.
.
4 500
.
24,600
£:',22%£:23%
55
55
10
£
'
10
110%
10
*110% 112
580
„
•
19,100
*
*121% 123
32%: 32%
300
,
3,000
.'Mission
1'
15%
15%
47%
10
Corp—L
No par/,
preferred series A——100
Mohawk Carpet Mills—
—20 .
Mojud Hosiery Co Inc
2.50
Mo-Kan-Texas RR-
51,600
45%
29,700
'
7 fo
-
50
34%
34 Va
124%
109
114%
>" 109
25%
53%
26%
'
,
31%
46%
107
*142%
31% ;: 32%
3,600
.18%
:>-45%-v46%:
4 2,500
145 '•
>149%, 150
106
"
-
.
^' : •
18%
,
18%
147% 149* ££149%
*110% 113 v ;
niorn'm-M
112 7
" 20%
20
20V*
20%
51
51%
5J%
52
63 Va
62% :
63%
25 M
*62%
preferred ser A
21
20Va
'
■
52
" '"*61' "
■
1,000
:
A" 40
28,200
21
3,900
"
>
500
•
:
$2.50' cUm pfd^-LI—50
(John) & Co—
No par
Morrell
No par
Motor Products Corp
I Motor Wheel Corp
3,000
y.Q7':V"'107*;::
19
•
"
1,800
*106%i
106
113%
V
33 £
£"47-'\'47Va' :>"'*46%'
43 V* >43%
*113
-10
Co
Mueller
-3
—
Brass Co—
/■Mullins Mfg Co class B
$7 preferred
;Munsingwear Inc
4
Murphy Co (G C)—_
4%% preferred.:
Murray Corp of America
£
4% preferred
'Myers tJP E) is Bro
——
•
P 36
:
24%
.'>51%
37 •'•••
33 Va
:
24% £25%
*51%£52
37
377/a
:
••
32%
33%,
>
18%
18%
19%
27%
28 Va
28%
30%
30%
33%
30 Va
30 Va
18
33
202
*196
*28%
18%
34
.
202
24%
52 :
51
37%
38:
36%
37%
i
31
32%
•; 30%
31%
.
39%
'
20 Va
19 Va
27%
27%
27%
30%
30
33'A
*198
28%
*28'/a
18%
19'A
19%
34%
202
30
_
20
30%
*27
30%
33%
'• '202
51 Va,
37 % ;
20 '
27%
> 30 V2
32 Va
'198
.
52 Va
29%
•:
28 Va
28%
18 Va
33 Va
*198
25%
51V2
33%
26%
24%v
24%
•
•'••',
25
,
.
51 %
38
31
;
,
20%
-
£
24%
Mar 26
21% Jan 20
23 % Mar 27
;_131% Jan
-1 £:
9^2 Jan
No par
97 % Mar
No par
>22
Jan
—No par
x82%Feb
——100
109% Jun
10 ;
13
Jan
50 :
48 V* Nov
No par
53
Jan
6
6
27
8
15
21
5
24
5
15 Va Jan
20
23
30
19%
,
38
31%
20'A
Nash-Kelvinator Corp
!i
Nashvtlle Chatt & St. Louis
44,400
400
'51^ :
50 Va
37%
-
^6,800
11.100
22,200
National
Acme
Co..—
'
National Airlines
Nat Automotive Fibres Ino
National
Aviation
26 Va
27 Va
2,500
31%
31%
*6,400
National Battery Co——
33
17,800
Natiopal Biscuit Co
201
100
33%
198%
198%
32%
*199
'29%
29%
29%
29%
29%
29%
19%
19%
19
19%
18%
19 Va
*
800
1% preferred
Nat Bond & Share Corp
'
For
footnotes
see
page
331.
19%
Corp
27%
31%
32%
.
£04??
15,700
National Can Corp
5
100
1
1
1
5
—4
10
100
No par
10
37
21
35% Jan
.
2
16 V* Mar 27
9% Mar 26
13% Jan 24
20 Va Jan
23 V* Mar
181% Oct
20 Va Jan
U3% Jan
Dec
26
15
23
"2
Jan
Aug
38
Dec
107
6
Apr
Sep
23 Va
27%
Oct 10
10
58 Va Oct
16
115% Dec
r
11
Dec
112
107
Dec
10
117
Dec
Jun
Apr
Jun
Dec
10
Dec
Nov
Dec
Oct
jun
111
23% Jqly
6Vi
Deo
18%
,
Jan
Jan
Deo'
39% Jun
25
'
887/a
Apr
111% May
:
r9%
19% Sep
74%
11
76
24% Dec
Sep
Dec
Dec
46
114
Jan
Feb
29
;
2
113
19%
Jan
8%
28
119
1
112
A 2% Jan
■
Oct
58% May
113
93%
31
116
144%
May
"6%
17%
Aug
39
36% Apr
Mar
19
36
.
8V4 July
28% July
105
108 %
Mar 13
114
Deo
•:
116% Jan
46
Apr
12% Oct
Dec
;,
':
Jan
8
6
75
A
"£'55% Dec
107
Mar
26% Dec
Dec
Jan
63% Dec
160
Oct
Nov
l&V*
27
3
Deo
Sep
^3
*
2
2
Dec 20
'
24%
*51
87 Va Nov
Oct
38 V*
tiun
'
;'53% Dec 18
13 •>
Anr
at%
,
^ 41
—
'
31%
13% Dec1"!
26
124
Dec 12
:4
37
Dec 10
2;
16% Jun 18
22
49% Jun 18
22
3 £ 52% Dec 14
34% Dec 13
9
July 26
Jan 23
i
94
6
Dec
19% July
100
45 Va May
4
10
'7
Sep 25
July 26
Jan
NOV
Dec
111
Sep
V 16% Aug
Jan
47% Dec
26
25% Jan
79% Jan
137/a
-
29% Nov 21
Jatt Z
Mar 24
Aug 20
Jan
Jan
Nov
28%
104%
Jan
36
Jan
Jan
'
«
Feb
103
14% Nov 28
No par '
111
£ Preferred series B
,—No par
113
V " $4 preferred series C—'—No par A" 106%
Montgomery Ward & Co
No par
47%
Moore-McCormack Lines Inc-No par
21 »
100
500
f
107
,
1
4 7,000
-4 :
60
18%
18V*
18
11,000
60
53%
••::46%'^46%
.
'
-.
10
Jun 29
22'A
5%
16%
36,
26
Apr
8
56
'
*58%
*45%
>130
""130
:
No par
Tool
Monsanto Chemical
$4.50
*
19,500
28%
Monarch .Mach
2,500
77%
27%
4,900
v;' 4,000
116
114%
V110
76
1,500
•
130%
*115
*113%.:;117!n
*109
34%
129%
126
116
*115
50%
.
,
;:34,;
97
Oct
Dec
1
55% July
82
111
MJnn-HoneyweU :Regulator>"iAw-_3
" 42 % Mar
4% conv pfd series B
100
109
May
4V*% preferred series C
100
108 i Oct
4% preferred series D
100
108% Aug
Minn Min & Mfg—-——-No parr
;—.
Moline Power ImpL—'
7 Va.Mar
$6.50 preferred
No par
109% Jan
•
32%
70
3
13
.
'
•
!
Apr
22
21% May
9
Dec 19
137
a. 53
cum
Minn St P & SS M A vtc—-No par
:
5,.400
,
•114
8%
■•
i;
Dec 11
25
,7 Va Jan 23
,
1st preferred—-—100
Minneapolis & St Louis Ry—No par
.
13
10
25% Aug 21
35
Jan 24
Copper—"————5
Mrtfv
109% Oct 15
108% Oct
8
*'12% Mar 27
37 : Jan
—10
Midland Steel Products^—No par
"
Dec
30% Dec
119
Mar
47
6
106% May 16
4
? Mid-Continent Petroleum
20
82 Va
*110
Dec
27
98% Jan 12
94
Jan 3
35
Jan 3
14% Mar 10
54% Jan 3
33% Mar 10
—No par
Mesta Machine Co——--u—5
25,900
10,600
■
Metropolitan -Edison'3.90% pfd—100
260
161%
£ 81
> 70% Dec
2.
109% Jan 24
17% Jan 3
--—No par
—A-;
Merch & Min Trans Co
•
3,400
60
: ;m:;
58%
161%
Feb
4
Corp—1
Mengel Co (The)—
—————1
5% conv 1st preferred—
—50
1,900
20.800
.
14%
35%
14%
'
Apr
.14
15
8
Melville Shoe
200
27%
87
27
Dec : 8
417/a Dec
10
Co
Jun
112 ya
■
Nov" 13
109% Nov
preferred series A.
No par
$5.50 pfd ser B w w——No par
2,340
39%
29
|
Feb
Oct
21
Jan
16
109%
30
6
—100
Mfg:
V
29 Ya
Jan
;<$3
.
$5
120
108
*38
27
.81
*36%
59%
110
}■ Mead Corp-
180
28%
38
60
5%- preferred i~—
McQuay-Norris
'4,000
27
30
.
.
50%"" 50%
38
28
>
107
50%
80
27
23
107
107
X50%
26%
49
2,800
27
116
;;
49%
27%
Apr
$4 preferred a.—^AA+No-.par
McLellan Stores Co—I
V 19%
•
'
,
107
50%
50%
27%
>29%
23
23%
104%.106%
23%
106
*105
26%
* Jan
24
Inc
4
104: Sep
5
:
13 V8 <Jan 25
18
McKesson & Robblns
132% Dec
2
£19% Jan
Mclntyre Porcupine Mines—' 52
..
32% Dec
.19% Jan 25
;110.
Aug 13
A30V* Jan 25
1-
McGraw Elec Col
9,500
48%
108%
29
23%
24
27
27%
28%
28%
106
*106
%
*116%
119
106
.
400
68%
68%
-
.
-McGraw-Hill Pub Co„—-£-,JVo par \
800
.
47%
*106% 108%
108%
*106
27%
106
59%
33
:
1,100
"
*106%
47y4 >491:
47%
46%
48
108%
*105
*48%
41 %
33
33%
•
*67%
68 %
68 V*
68%
*33
33%
33%
33%
140
•
46%
47
108%
*105
.
40%
55% Dec 15
Oct
Oct
Jan
119% Sep
117
"
113
•
3
114
Nov
107% Jan
:
Aug
537/a Not
41% Apr
61
Dec
3
54"':
Dec
12
35%
Jan
42
33% Dec
4
9
15%
Jan
16%
Jan
24% Jun
25 % Deo
32% Oct
f
>47% Dec 10
"18% Dec
11
72
43
Dec
11
20
Aug
Dec
29
70
May
110
Nov
„
Jan
4
21% Dec 11
52
Deo
66%
26
25% Dec
10
Nov
3
37% Dec
6
8Vf Jan
Deo
Oct
Oct
24% July
'
84
••
Nov
116% Feb
14% Aug
11
Nov
.
10 Va
100
Jan
150
115
33%
26% Apr
4% Jan
109 % Nov 28
Oct
56
43%
11%
Jon
Apr
41%
Deo
Jan
20 V*
Deo
19%
Deo
Dec
13% July
41% Dec 26
19% Nov
7
9
Jan
32% Dec
3
9%
Dec" 10
195
Dec
26
30
Dec
14
20 Va Dec
3
17% July
Jan
13%
£28
18
x34%
53% Oct
Jan
15%
Dec
20% May
165
Mar
24%
Dec
181
Deo
Feb
21
Deo
Jan
17%
Apr
18
8%
Monday, January 21, 1946
COMMERCIAL & FINANCIAL CHRONICLE
328
NEW
I per share
40%
I
41%
29%
29%
29%
20%
20%
37
37%
38%
39
40%
39%
21%
40%
40%
42
42
42%
42%
40%
♦12%
12%
78 ">
'
82%
52
197
23%
23%
33%
34
65%
65%
24%
V
34%
34%
V
64
64%
:."■•• 11%
11%
11%
84%
-32%
7',;.
22%
23%
>;
30
,
30
103%
,i
•„
27%
14
63%
108
39%
,7#
■
28
14%
>f/7!30
?
39%
>r>47:-;
39%
39%
no -:
108%
♦110%
..
48'%
47%
48
34%
33%
>;'#
14%
SV
i
14 y8
14
■
31
#
40
♦110%
48% 7- -:
34%
60
111%
34%
26
26
26%
26%
<64
65%
34%
-
48%
34 Vz-
7
35%
26
27
26%
26%
26%
26%:
26%
25%
;
7,800
>54%
55
124%
126-
125
36%
*26%
k"60*
109%'109%
20
20
20
>;
49%
251
20%
'
50
*
?; ;/ 252 #256 /
2iy4
50,;
20%
SO
49%
,252
-
60
50
.255% 257
■
21
>■
,
21%
-;#**49 :*:>
51
256
,21%;, 21%
258 "
!
,
:
;; 49%
•
*121,
.122%
,122
31%
31%
31%
14%
14%
•
;:iny4"iii%/:
112
121
54
>55
*53%
55
121
56%
57%
18%
>
15%;;
19
54
16
>
**• *57.
.
32%
14%
-15 %
*#.-34%-
*53'/a
*57
113
>
53
54
54%
16%
16%
16%
"19%~
19%
56 Vz
57
19
19%
57%
•
18%
.
19
.
> >
1
!
.
,•,*.
*
-
'
'
•
•
34
36
Dec
11
24%
Dec
54
Jan
.100
102% NOV 30
3
10% Jan ' 3
29% Dec
10% Jan
"
.—1
b
106; ; Oct 31
105% Jan * 4
110
Nov
-
Mar
HVa July
Jan
18% July
22
17
Jan
32 ya
Deo
Jan
105 y»
Oct
9
i
8
.
96%
Dec
31
8
Nov
28
Dee
lot-
Dec 7 3
27% Dec
v
22
4
Jan
7 18%
Paciflo'Ry^
23%
44%
Jpi¬
x.-«0
i
Dec '
18% July
Dec
Jan •
—No par
198%
Jun
23% Dec
47%
Sep
218 .v
Dec
122%
Dec
19%
Dec
—50
22%
Dec
115%
Apr
31%
50
Telegraph—-
Dec
50% Dec
7 : July
■
—No par
50
_
Norwich Pbarmacal Co
—
Dec'
106
—100
—*
Oct
11%
—1
Oct
53
10
2.60
Jan
.
,
;.V-'#'v7r;y
112
'
,22%
#22%
22%
.
3234
33
*119
7X119
■ 119%
j
16%
16%
16%
116
116
*31
"
>34%'
,116%
.•
116%
32%
31%
■>#■■/":. 37%
,*:#34
116%
"7
.; *i7o ;
*
32
175
>
;
33
94
79%
■
79%
,
'
>■"
*168
.
.:"*'• 19 A f
*18% #19
♦
19 y4
*79
80
.
32%
;;
73
92
80
85
38
>
79%
30%
38%
63%
#173
64;.'""
73 y2
.7/3
11%
.12-#;
174%
174
>
174%
8%
31%
♦149%
9%
9%
9%
*174% 1758%
9%
-3oy4
7
30%
12
18%
318 Va
7 *17%
39%
39 %
*39%
110%
13% i 13%
*108%
109%
29%
26%
>
,;>
26
*-18% ,19%
39
♦108%
•-♦80%
*105
,
-81
58%
68%
! '58%
7" 4%
5
;;;•
37%
37
*29%
18
69 "
60%
4%
7
30
23%
5%
13%
#7 4Vo
13%
60%
?
l'4t, 800
68%
3,700
-
6,
.
preferred
:
Park
7
5%
48.900
38%
—No
Inc—:
6.000
Park
Consolidated
Utah
Parke
Davis
4%
par
56
*
29%
30
>1,200
"17%-'
IB1#
23
23%
69%
69%
69%
152%
15?%
:
100 ;
♦.27%
32%
2%
Mines—-1
No
k Co
7 Parker Rust Proof Co—
Parmelee
9,300
'
par
2.50 7
Transportation.^—No par
.29%
21%
6%
.
-10 7 Xl8
Patino Mines & Enterprises
7 24,600
'
106%
-
23%
7
Dec
12
# 29-
3
17% jan
L
Jan>
7, >30
:
18 # 39% :Jan#
11## 25 Vz Jan
7 i> '117% 'Apr 7
149
Jan
23
77 4% Jan 7
17
7 12% ;Feb,7
10
3% Jan
Dec 10
v"'" fi
j
Dec 3 >
.
.
r8% - Feb#
■
17
i—1
Inc
"
38
42
46
Nov
-160 % Oct
27*# 75% Dec
' 3
' 1493/4 Dec
3
175 > Jun
8 # 10
Aug
2
32% Dec
2
13
13% Jan 31/
—17
Prod. & Ref
Tilford
&
79 % Pec
:
-
20 -
Dec
8 •;■
7 '"'29% Apr 20
—..—.7—100 7.7 106% Sep 18
-
7
4% conv preferred
/ Paramount Pictures Inc—
;
xll8% Dec
>
24
5% Jan *2
16% Mar 26
-—No par 7
•
Paraffine Cos
Mar
-16% Jan
Petrol Si Transpj--—-8
Panhandle
39,100
7 400
-
121 % Jan
160% Jan
Panhandle East Pipe Line—No par
8,800
V 109%
>38% Mar
par
—-
Packard Motor Car.:
Pan-Amer
Jan
—T—-100
Corp——1
Oil Corp—
—10
preferred
"Pacific; Western
•
'
& Teieg———-—100
7 Pan American Airways Corp—__2%
200
81 >•
;,7f. 5;
7: 30%
77 23 7
56,700
24-
34% Jan
Jan
-
18% 7 19%
-.18%
25"%
39% " 40
>109
6 Vo
No
2
Jan «2
58;
.48
Pacific Tin Consol'd
1,400
134.200
•
108%
68%
37% t: 38%
30%
22 V#
:■
7
#
14
60.
7 69%
25%
!;
50
7 18,000
12
10
;
Mills
Pacific TeJep
400
29%
29%
30 %
"Pacific
1,200
*17% :/ 19
.
39%
'>78 7
#10577
'
.11%
.
109%
.
13%
108%
69%
19
39%
*109
81%
*105
81
58
,
13% 713%
108%
7
150#
4 4
; 10% -Jen*
.13% Jan- 2 • 22% Dec 11 *
11% Jan 20## 23 % Nov
7 » >#■■8%'Jan#
45% Mat 9 89% Nov 19 >> 39 //Sep *
Inc.'#.7-i
non-cum
No par
preferred non-cum—No par
—-25"
Pacific Lighting Corp—
No par
* 800
•
*
Co
Pacific Gas & Electric—
18.600
74%
149%
11%
25%
:
,73%
149%
25%
'.
Va
;A 73
v
150 7 7
9%
30%
ii%
74
>763
173%
9%
•
73:
*62% ; " 64%
Glass
2nd
430
'*
64 %
—
#7.1st preferred
10
44 *;45r
*149%
9%
1,200
♦
*82%
85
37 #"-37#
63 y».
63 %
>
i
—
Paclflc Amer Fisheries
Pacific Coast Co—
'
'44%
26 ya
25 y#
,
k
V: '2.100
38%
149
; n%
:
# 18 */* Dec 10
13
34% Nov 26
36% Dec
4
155 1' Jan 26:; *168
Dec: 17
22% Jan 30 # 32% Nov
5
74
Jan 30 <■
95
Dec 26
Jan
23% Jan
—.—A
Owea»-Iliinols
20%
4*%
173
31
82%
20%
•
preferred.-
6%
-
% Jan ! 2
107
1
Outlet Co-
11
2
11
34% Dec 12
119
Nov 28
.13% Jan 22 #
Outboard Marine & Mfg
K
f
'
—
—
Oct
% 23% Dec
24% Jan 24
106% Jan ;3
preferred.
conv
Otis Elevator
33 Va
38%
7'3%
;
i
92
y
r
80
85%
38%
43%
i 148%
9%
:
*90
'
convertible
(Tha)
preferred A
Oppenheim Collins
173
*32%
t
21 -v
75
175 >>•.'.
30%
#743%. 744%
38%
'
>7 43%
J
8%
112
12
*16% Aug 20
—i
>A%%
37%
•
*170
v
33%
92
-
*20.
*83
150
v
149%
,
>>,# 36%
107% Jan
pfd
Omnibus Corp
':f,
•; '18% 7.19 >7
21%
*78
•
43%
62 V*
62%
•73%
>
#;#* 29%
33%
*
#79%
80%
:
175
*168
•. # *90
17%
-
37%
'
*173
-
,
37%
37
4.40%-
"
117:
31%
Co
Oliver Corp.
33%
.
*
Edison
Ohio Oil Co
f
ii9,./;Ti9%'^ji
;
>#/ 17
17## c 117
>
Ohio
t
*
38
# 43%
»
#
18%
21
>>84#
*37
#
94
31
-
34
7 .*90
79%
718%
2i #
,
17"
.
*32%
:
'94
,
/'■# 31 *
,
:37%'f 3^%
,33
*90
.
17%
116%
.32%
V
19%
16%
#116%
31-
"V *111% 112 £
22%
22%
33%
119%
16%
117
-31.'
;
'
32
*90
12
22%
34 >7
•
'
#
37%
*170 # 175
119%
#
22%
#33%
t#li9#:
34%.
■-
.
*119'
1Y2
22%
-
.
:#;#16%#l7'-*■-■■■ ?
31%
37%
37%
'>>,■
*noy4
my2111% 22%. 23
.:>:
#
22%
.33%
119%
16%
-
r*iio%hi2'
-■
*110
' x39% No\ 29
:
111
Oct 25
Mar 20 # 14% Dec 26
Jan 16
xSOV'b Dec
6
Oct 15 ■ • 110
July 26
Mar 26 ' 57% Dec
8
Jan. 22 # 73% Dec 29
Jan 24
>:
5% Dec
6
Feb »1 ■# 39% Nov 17
Jan
5 #30
Dec
6
Mar. 8 #. 17% Dec *31
Oct 24'
4 24% Mar 12
>
|
:
2%
69
"149%
69
150
>
150%
V,
151%
800
7
53%
43%
44%
7. 14%
,15%
29%
29%
7
44%
45%
7. 15
•29
■32 y2
7
110
110
V44
15%
29%
30 7
26%
26%
44%
45
45%
*43%
-44
43 %
45
*44 %
94%
95
36
36
38%
15% 7
■
27%
46 7:
26%
7
44
27
26%
46%>46%V;
44
746%
7*44%
>,44 7
,
46%
95%
95 y2
95
37
36%
7/
39%
27%
27%
39%
39%
40%
111
26%
>26%
46
43%
43%
*44%
45%
44%
7 45
7
7
•
*93%
29%
28%
32
8,200
29%
'7,900
7 100
7 120
32
*30%
*110
26%
74,600 '
15%
■>
26
113
7:
27%
19.800
'/a
46%
46%
46 Vm
29,500
■
•
44%
45
H:
•
44%
44%
7- 45
700
7
45
300
95%
•39%
*94
95
94'%
94%
37%
36
7
437-7
7:- 15
112%
467/»
36%
39%
*30%
>
55%
; ;
15%
'
7-7* 46 7
967
37
7
110
29%
32
110 7
?•
1.600
38
38
37%.
43%
2.100
38%
39 %
39%
46.700
34%
363/4
35
38
'
27%
*110 ;
112
111%
89%
89%
89
40%
40%
*40
,'28%
29%
,113
112
90
7
,113
90%
40
'104%
108
11%
12
12
12
12
,
14%
14%
14%
15
14%
15
39%
*1C4%
108
40
108
?
*112
114%
96
,94
40%
.;
*104%
;7.
33%
115
94 7:
7 7
12
'104%
29 y4
115
91
40
41%
7#
29
108
7
*113
96%
39%
*106
96
*39
40
109
11%
12
11%
7714%
15
33
*106%
14% 7.15 >'•
11%
7:
115
87
600
v'
40%
39%
40%
39
39%
39%
40%
39%
40%
39%
39%
39%
39%
38%
39%
73%
73%
74%
74%
74
74%
75
75
75%
76%
116
117
117%
117V2
29%
30 V8
28%
*118
74
116%
•"
29%
29
120
18
44
29%
29
'118
116
29 y4
29
29%
29 y4
l*»n
M^%
116
29%
116
;
29%
190
28%
29
o
116
29%
29%
.,
] -i " n\
29%
28%
29%
29
29%
♦jlfla;
1
29%
18%
18%-
18%
18%
18%
18%
18%
18%
18%
18%
45
46
"IU yg
4JV8
4l>'/«
4t»*V4
,4
'to-4
*7
4o
•to
Tor
footnotes
j*
see
page
331.
Dreferred—
Pet
Milk
-100
2nd
63
26
105% Nov
100
—5
7,400 1
23,700
«
520
200
14,100
——-1
Inc———-'-1
Phelps-Dodge
Corp
-25
Philadelphia Co 6%. preferred——50
$6
27
"
#
'• 26%
Electric
Co..
$1
22,300
6,800
Phila & Read
Phllco
Corp
' 3
•
21
49
Nov
Jun
7
8% July
Dec
,20%
.
/ Apr"
59%
Dec
113 7
NOV
'■ '24%
Apr
Dec
■
17% July
16"
MaV
Dec
18%
110y4'Mar
112
12
Jan
Dec
>33%
'25% Mir
.
.
5
Dec
Nov 30
43% Nov 30
21%
Jin
32
Dec
55
96%
16
23
Jin
7 70%
Dec
17%
Dec
5l/4
>
'
Jan
"
26 y8
38 V< Nov
16
22 Ve
Dec
43% Jun
18
loy4
Jan,
Nov
20
54 Vz
Jan
96
116% jun
25
33%
Jan
65 y4
>41% Dec
27
11
23% Mar
119%
2
6
108
20
105%
Mar 22
Dec
10
36% Dec
31
Oct
7
Sep
Dec
•.119 %
Dec
.
Dec
Dec
28 Ve July
'
107 ya
Nov
9y«
Jan
2
25
Jan
23
40 y4 Dec
25
71% Dec
13
..
25
Jan
71
Deo
40l/s
:
Apr
20%
4
Jan
—No par
Feb
49 y4
jun
59%
Dec
'26%" Dec
Oct
1
Jan
108%
Dec
2
29% Nov
13
19
May
21%
Jan
•2
29 y4 Nov
19
23% May
26*%
Oct
i
115
2
jit
73
20
746
28
16
24%
46% Nov
57
Aug 22
12% Aug 21
^
Aug
11
19% Aug 20
Iron— — 1
Dec
31 Vz
723%
0y« 'Jan
18
Dec
13
com-——No par
&
7 13%
Dec
2 Ms
7 93% Feb
6
113 7 Apr
15% Nov
21% Jan
Coal
'30% Dec
2
106% Jan
preference com
3
14
2
00
6,700
•
7
4
Jan
15% Apr
' ^81%
Dec
„
37 y4. July
; ■7 >'4%
;
30
•
26
9% Jan
.
Apr
Feb
DecJuly
61
109
Sep
:7/18%
Dec
Y%
.
1% /Apr-".:
23
33% Dec
Jan
8
par
No
preferred-
Phila
3
17% Jun
22
Apr
preferred
of Americu
49% Dec
10
23
Jan
--No par
Co
]01
18%
%
5h
100
prior preferred—^
' 72
May 28
,151 % Nov 30
19% Jan V 2
92% Jan 19
Pfeiffer Brewing Co
Pfizer (Chas) & Co
39"%
'115
7
5%
'5
Mar -9
.
Ry Co_————100
3.30Q
40%
116"
Pere Marquette
'
C*"-n
15%
39%
28%
Coke
k
Petroleum Corp
39%
*115
Coal
14%
'.
10G
Jan
Airlines
Penn-Central
Penn
3,400
39%
40%
600
,
No par >
No par7
Co——
11%
40%
>
7
par
59
21% Jan
Corp.——1 .
11% Aug
—10
7 Penn-Dixie Cement Co new———-7 v >28? Dec
19
Jan
Penn Glass Sand Corp——No per ^
111." Nov
:.v
5
preferred.
——
-100
;
1
20% Dec
Penn Power & Light Co
No par .
33% Aug
Pennsylvania RR____
-50
37'% Mar
-Pennsylvania Salt Mfg Co
-10 . ,
30% Jan
Peoples Drug Stores Inc
8' 69
Jan
Peoples G L & Coke (Chic)100
114% Jan
Peoria & Eastern Ry Co—-—100
21'
July
Pepsi-Cola Co
_„r33%c
•*
110
38%
39
72,600
(J C)
—
11%
73
.
New
15,000
!
39%
.900
.
No
.Penick & Ford—
-Penney
7; >7.ioo
54%
42%
43%
-15
'
29%
*30%
7
"43
-15%
29 %
32-
111
-
43%
43%
7715
29%
•29
*110
26%
45
44%'7:4
29%
*110
30
'
14%
■
30
55%
■
Jan.
# >"•43 7 .jan *:
7103
Janr
7 23% Jan#
"
*68
51%
45% Sep
<
31% Mar 27
Apr
19
19% Nov
27
111
Apr
119%
Oct
19
44 % Dec
88V2
122
'
24T/«
Jan
'
Dec'
7 Dec
29%
Jan
Jan
par
Dec
35%
118
,-*;-—..'.—No per
Airlines
Preferred
f
19
Deo
■50% Aug
•
Jan
100
.No par
*
-
July.7
•
;7;V,#:;17«
Jan
—No
Dee
33
Apr
Apr
Jfin
-
Dec
Apr
6
100
-
No7
11%
Jan
13%
15
Dec
38% Deo
X'16% Aug 14
1
j
7 47%
Aug 20
18% Jan. 25
32
,
30% Mat
5%
Nov
109
._10
#7% Jvlv
10
61% Dec
37
Feb
26
108% Mar 12
*
.
31
Dec
35.
pfd. .100
—
714 y.
28%
7 15% Mar 26
30 # Jan 22
par
11%
24% NOV
4
33% Mar 16
107 y4 Dec
Deo
Jul/
Feb
No par
No par
Norwalk Tire A Rubber/
:
15.-.
26% July 26
Jun
7%
70
57%
Western
As
Northwestern
t
57%
<
22% Aug
par
.100
Central
Northwest
16%
18%
Apr
65.
5% Feb
Northern States Fow $5 ptd.No par
v.r
52% :■#
>•57%
Dec
Dec
16
Northern Central Ry Co—..
54
'
./::*:
Dec
SMpbldg Corp part «tk
Northern
i
50%
<15%
16
85% Nov
—
North American Aviation
*112% U4;
;>>
52
54
16 Ve
-
>112%
'„> :r
,
*111% 112
341/4
35%
36
113%
54
>'*.'•
*111% 113##
*
>36.
113%
16%
* 57%
*
32%
15%
28
—1
Industries—..——3
Ry
100
Adjust 4% non-cum pfd100
North American
■#*■■■ ' >#;'■#1fl
(
32%'
15
#53%
55%
-*■% 54
54
15%
;
31%
15% '
35%
# ;
34%#35%t.
.*>114 ># ,7112% 113 y4
.114
122% '
32%.
111% 7111%
34% f 35
m
*121.
J
31%
15
♦111%
122
.
14%
32
14%
•*
122
Nov
Dec
•
Apr
;
preferred series A
Omnibus Corp
Norfolk
.
'
*121
25,,-
7
Noblitt-Sparks
<
257%
169
X Power & Lijhtr.' 3.90 % pfd-- 100
N Y
,
52%
255
Jan
Apr
N Y k Harlem RR Co——*
N
141
7',4Jan
serial preferred — .100
(J J) New
No par
(5 non-cum preferred
400
-
,
14
17%
.———No
York Dock—
New
-
Nov
.^10
N Y City
,
*301/1; 345
>108% 109%
■*301.;>v>r^45:
6%
:
7
19,000
(7-7
200
181
28'/a
N Y Chio <fc St. Louie Co
.3,600
,
36 Va
'28%
28
60
i
126%
#36#
♦27%
♦36%
r
58%
57,
>
Feb
6
preferred—,—
York
Jun
164
20
——.
New York Air Brake
New
Deo
25 ya
29
^Newport News Ship It Dry Dock.
<
104%
Jan
167
16 y8 Jan
"
.*10
Lt Co 4%
Corp
Newport Industries
2,700
153,300
* : 4,500
14% July
Jan
19
37% Dec
>
Dec
Newmont Mining
;
7
•
'
>
3,700
4.000
66
.y.33% i 34
♦.
Feb
3
199% Dec 27
87%
Nov
No
New Jersey Pr &
£.-7>7:'7io^
48
*
34%
34%
>62
♦57
3%%
Jan
9
10
20
14%
1
pat
Newberry Co
'26
2
Dec
Jun
Dec
Mar
59
Co_
conv
f
1.77 4,600
33
>
500
r*:> %■*-'-•-10-,
108
39%
108
110%
33%
>7
61
108%
12
37% May
37
Dec
Feb
35
:
Nehl Corp
Neisner Bros Inc
.
11% Jan
30%
26 y8
Sep 28
.^40
Co
Tea
24%
Jan
(The;,Pa.
preferred ;
N atom as
11,500
.
%%
National
,;:3,ioo
.
25% Deo
Jan
54% Nov
19
7152
Jan
13%
Jan
$2 conv preferred
4
#; -77 170
'31 Vz
>
*106%
-7
;
##,,'3,200
*
60
48
1
34
27'/4
62*%
>>-,
National Supply
,
3,500
103%
7
109 y2 ::
110%
111%
>
48
40.300
;
Sep
19%
33
National Sugar Ref Co
27%
4oya
*108
t.
31%
177
9
27
108
2
—25
1.600
7,7.'.
25" >
Jan
Deo
Nov
21
National Steel Corp
103%
31%
:
32%
>
4
24
14%
12% Mar 14
76 « Dec 29
;
•
2
Jan
Dec
23% Aug
...
40% Dec
38
Xl01% Aug 17
-No par
2,400
31%
>
• •• 107 i
40
39%
% 108
34%
■>.
*61%
'y 107
,
27
Cast Co
National Power & Lt
130,300
/•;:
24
/;
.
103%
:i.
14%
63
#32%
24%
31%
.
& Si'l
Jan
13
share
34
Apr
Sep
xll% Feb
.-4
National Oil Products Co
85%
##31%:
107
Nat Mall
2.100
11%
27
:
14%
*106
3.200
i
11%
103%
■>■
L
64'/,
85
23
32
#>61.;**:
\
*110% 111%
.
48
■
'27
34%
63%
11%
37.
26 ;
X10
No par
3,000
34
>
22
per
22 y4 July
23
Jun
Service Corp—
Linen
National
.
35% Jan
3
Highest
t
share
per
19% Dec .73.
5
711% May
-—100
100
23%
•
2
7
No par
10
23%
■
24% Jan
share
#■•■32% Dea#*
>7 20% July 17
-*-1
—
preferred A
preferred B
6V«
'• 20
;
86 Vz
.•/.*:■.*■ 30%
7%
Jan
9
4
13
per
4iy8Nov
6
12% Mar
—1
National Lead Co
930
31% Apr
7
No par
No par
—10
$
t per share
Stamoing—No par
National Gypsum Co
$4.50 conv preferred-,
9,800
.
v7 7
171
11%
103%
14%
•
63
♦108
30%
Nat Enam &
2,900
18,100
|7
Year 1944
Lowest
Highest 7
Lowest
Products--—-No par
Nat Distillers
i; "%*>',v 180
36%
86
;
3,600
i
198%
*169%
>#32% I >32
23%
26%
-v
.
107
#><38%
39%
109
>•110%; 111%
.
>a
.■?•
32%
31%
14%
62%
;.<■>:
103%
it-
31%
•105
86%
32%
22%
.
,
27%
.,14%
64
v.
.
103%
27%
11%
85%
■
23%
*103
;■#
f
29%
>#109
47
7
34%
64%
35%
198%
i7i
11 y8
30%
*104% 107
109
*110% ,111%
47
32%
VA}\23Ar 30%
14%
39%
*108#;
32%
.#7 64
63%
•106%
34%
64%
36%.
National
Cylinder G %s Co
Nat Dairy Products
National Dept Stores—,
6% preferred
Range for Year 1945
,,
,
•
.
No par
1
National Container
6.800
'
28%
.
Nat Cash Register
31,400
107%
-■
Range for Previous
■
EXCHANGE'# #jffigi:,--'
■■'/
-7#i:7 Par \
3,300
.
.77
62%
■
;
■
7,700
'80%
27%
199
30 y4
11%
23%
28%
.
34%
65
>.
30%
27
#
34%
64%
36
,
;
24,500
107%
>>
23%
*•:
86 Vz
■; 103 ,-*, 103
28 y4
23%
33
64%
32%
32%
"i 14'.
>
23%
34%
64
23%
27
169%
*169
23%
*■•;/*> 11%
86%,
85%
36
*197%
24
34%
•
11%
85%
/
24 *
:# #
198%
35%
r
171%
>7 61
28%
1
v
42%
12%
.78%
107%
7,
;
41
*12#
:
?;:i
62
27%
■>107%
29%:;;;
41%
:
>
20%
,
7;. 39
12 y2
62
28%
108
*197
30%
103%
26%
''#:•>
81%
Shares
42%
20%
41%
80%
41
#. -v-
•
STOCK
YORK
NEW
the Week
share
S# 28%,
42%
169%
:
198%
♦169%
171%
,'40
59%
57%
27%
36 %
35%
•
7> 41%
♦12#
82
♦107%
■
21 %
,
12%
79%
28%
198
24
84%
7*32%
V
36
'169
172
♦168%
*12jV
;.
108
107%
197'
197
12%
83%
27%
27%
108
35%
35 %
...
:•
-
54% >57>' >7-:
53%
26%
108
108
13 l'ff
8i%
;
84%
•53
>26%
*
12%
•
x82'/4
53%
26
7
'■#.
A
29 y4
21
42%
37%
40
•#29%,'"
29%
20%
$ per
41% ,41%
-
20%
Jan.18
# per share
41%
41%
V
...
30%
20
195%
42%
#29#
29%
19%
,35
$ per share
7 Sales for
Friday
Jan. 17
19%
29
♦107%
:i-
#:'41%
42%
41%
,' i
Jan.16
* per share
share
per
STOCKS
Thursday
Wednesday
Jan.15
/•
.
RECORD
BALK PRICKS
T"esd»y
Jan.14
Jan. 12
HIGB
AND
LOW
Mond»*
a»tnr««»v
YORK STOCK
37*
July
7
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4457
163
NEW YORK STOCK
SALS PRICES
1
Wednesday
LOW AND HIGH
Saturday
;
to OO
*109 Va
-ft';;
Jan. 14
J per share
68%
luesday
Monday••'••
Jan. 12
$ per
113
K
>69%
a> CO
VCI
68%
ft
70%
ft
113
♦ 109%
35 / s ::
34 »/a
*125
'ftft
♦123(4
ft? 57. ft-
ft-; ft
57%
M
*
'>■>•
40 ■■?; ft'ft-ft. 40
34% ftft-ft 34% ft34%ft
*33%
ft* 106
106%
106'/»
♦125
ft »
22%
22%
*24%
24%
*197
*203
*190
•
11%
11%
If
•
♦125
ft
**
19
73%
ft
*26%
25 -5,
ft
108
ft
22%
22'/a '
Aft; 26
25%
ft
78
ftft; ;
25%
88%
34 %
13%
12%
13
19%.
18%
.
;
34 Va
133%
144 Va
144%
ftft.
144
26%
27%
Pressed
60%
61%
61
61 %
4% fo
69%
70
>
26%
27
''
136%
135 %
135%
144%
145
115%
144% 146
23
•
?
'
:;■
-
'(/
.
ft.
'
:
ftft
.'(
-/ft
•
* ft.
.115% 115%
18%
18%
>91
7% Apr
W% Feb
90
26
Mar
190
Aug
"i%
Jku
~6%
8%
82
Apr
Sep
100%
26
45
Sep
28
57% May
liya Jan
15% Dec
Mar 10
117% Oct
49% Mar 27
69% Jun
91
Jun
43% Jun
6
99
t
193
r
Feb
20
Jan 12
Jun
9
188
Jun
9
12% Jan
19
22
Dec
3
27% Dec
12
30 % Dec
preferred
3
17% Jan
2
24 % Jan
3
12 Va Jan
8
..1
16% Jan
22
A_
ser
175
135
136%
7%
149
149%
8%
preferred
preferred
v 115%
16
106% Jan
100
100
110
Jan
121% Jan
3
66
68
Pullman Inc
No par
22%
23%
Pure Oil
No oar
■ft 17
5?e conv. preferred—.-.—..100
Purity Bakeries Corp——No par
106
*112 Va
115
<>■33%;
33%
33%
13%
10
11% Apr
18%
66% Nov
1
52% May
13% Jan
59
pfd $5
112% Oct
No par
(The)-i
115% Dec
ft
May
Dec
Dec
•
47% Jan
Jan
18%
Dec
87%
Jan
26
90
Jan
109%
Nov
10
104%
Jan
113% Nov
Xl48% Nov
14
113%
Jan
122 V*
Jan
138
8
118
20
65%
Oct
10
24% Dec
8
37% Jan
14% Sep
>
113% Nov
22
112% Nov 29
4
3
Dec
18%
27
.
24
.May
23% Jan
•
July
Dec
126
4
115
112 Vh
25
Apr
26% Dec
30
68 %
33%
19 V* July
Jan
8%
ft: 27% Nov 10
2
,102% Feb
No par
100
150 >
112
Sep
19%
Jan
preferred
23%
34
Oct
*16%
ft 17
6%
115%
112%
Nov.
•
14%
8
—No par
Pub Serv Corp of N J
$5 preferred
22%
34
175
Jan
11
ft:
66%
112%
27% Dec 10
Mar 27
68%
<
Nov
8%
25% Dec
ft 55
125%
Gas
Jan
Dec
22% Aug
33 Va Dec
V
No par
..
125%
Pub Ser El
61%
73
a50
136
*113
July
9% July
Dec
3
No par
No par
Steel Car Co Inc
Dec
'
171.
12% Dec
2
68
ft 21
i
17
Jan
Apr
44 % Dec
17
6% Jan \4
8% Jan
1
Pocahontas
10% Nov
Nov
183
205% July
2
39% Dec
23%
18%
45%
45
45%
ft,; 35
-
"
X30%
50%
111
103
Now 13
119%
ft 62
;
Oct
Dec
Feb
»/■ July
18
Mar
Jan
19%
108 Va
Dec
Jan
24%
Oct
37
49 %
36%
*101%
29
17
16%
34%
35%
•111
113
24%:
22%
'108% 108%
*107%; 109%
39
.
22%
.23
40%
41
'
108%
*108
40%
40%
44%
47
17
30%
"
Dec
8
7
ft;33%
Dec
Nov
7
12 %
Feb
18
July
38% Jun
8
26
Feb
34%
Dec
29 % Mar 19
15%
Jan
21%
Dec
Dec
16
Mar 26
25
2
28% Jan
29%
130
ft
.23%
24%
33%
32%
19 V* Jan
15% Jan
98
31% Jan
;
21' ' Sepi
Dec
16%
Dec
100
Dec
18
46% NOV
8
39% Nov
Dec
13
106
Oct
Dec 11
i9y8
18% Nov 23
Dec
7
ft 17%
12% Dec. 22
29% Nov
26
34
Dec
7
56
Nov
16
28
23
Oct
Oct
Dec
?ft9- - Jun
24% July
7
48
Oct
11% July
31
22'
,
Dec
12% July
15% July
35% July
ft: 26 Vi
Mar 26
37
Jacob—*—————»5
:Ruppert,
-33
Aug
88
12
6% Aug, 7
19% Apr 10
1
Dec
21% July
'
23% Dec 12
40
99% Sep 21
16% Mar 27
-No pa*
(The)*—
16
102 V*
10
2
Nov
Dec
99% Nov
8% Apr
Nov 21
Dec
37 Vs Mar 13
Mines
Typewriter
23%
x83% Mar
8
37
2
Antelope Copper
ft 24
13
117% Dec
v;
2
11%
32%
;
10% Jan
11%
Ruberoid Co
2
Nov
-
110
2
<
18
Feb
Apr
6
24% Oct
5
Jan
14 Va Jan
Feb
18 ;
10
115
2
Dec
ft 85% Dec
'33% Dec 10
22
87% Jan
Dec
18% Dec
102% Jan ft 4
16% Jan
Richfield Oil Corp—
Ritter Company
Roan
29
Dec
155
14%
102% Aug 10
>11% Jan 16
:
11%
6
6
10
—No par
16%
31%
Royal
31% Dec
44% Dec
L-***3.-*-*-*Wo par
16%
-
Jan
,7% Aug 20
■
*30%
11%
29%
50%
36 Vi Dec
5
-10
—
14
3
—No par
5% 4, conv preferred—*—*—-100
Reynolds Spring—i*—
_1
Reynolds (R J) Tob class B—*a*10
Common
Dec
Dec
13
Jan
3
99% Jan
Preferred 3.60% series—*****100
Rheeih: Mfg<C6-i^-:-*U***L-^i-lft
:
90
3
ft 15% Jan
Reynolds Metals CO-*:
131
23
22
28
*L-—*—*-100
pyeierted
/•:■
108%
Jun
143
July 26
1-1
conv prior pfd ser A——>00
Revere Copper & Brass*—-—No par
25%
137
22% Jan
ftft 6%
113
5
22 Vs Jan
Republic Steel Corp*.*i**--.No pat
' 35%
:.
Mar
17ft. Jan
No par
—*——10
—1
*
In a
Motors,
69 %
100
& Co 1st pfd
(Robt)
'
17%
32%
100
'
31%
47
5% Jan
f
Republic Aviation Corp—*—~*_*-1.
25%
29 Va
r6
5
Preferred with warrants
106%
47
28 Vt Dec
Reo
41
106%
12
29%
11% Jan- 22
102% Oct 16
"45V4"45%
•
49
36%
Reliable Stores Corp
40% ' 43%
i
42 V*
43
Dec
43% Dec
July 18
Aug 11
111
33
34% Jan
July
10% July
107% Jan
27 V* Jan
Reliance Mfg Co
Remington-Rand
,17%
*108
23%
ft? 25%
11%
10
80%
32% Jan
Preferred
•
25%
*31
Dec
12
Jan
7% Apr
85% Jan
6
102%
23%
I
106%
16%
:
145%
2
69%
50% Dec 28
Reis
16%
'34
44%
136
<
40%
48
11%
28%
23
25%
16%
; 11%
29%
45
8
10
46 Va Dec
51
*112
V
108%
106%
26
30%
31
25%
43
•24%
16% .16%
35%
112%
133
105%
105%
24%
34%
112%
ft: 24 %
25%
41%
*45
45%
103
Jan
ft: 8% Apr
10
Oct
36% Jan 31
»
28 n 4
*
136
23%
134%
91
Dec
18% Dec
5*
ft; 4% non-cum 1st preferred-*—50
4% non-cum 2nd preferred
50
29%
*10134
43%">4%
.
■
>19%
>90%
16% Aug
19% Jan 30
Real Silk Hosiery*
36% %36%
,23%
45%
40
105
108%
.
2
15
7% Mar 26
ft:
125
29%
X50%
35%
24%'
,
135
24
111
*120
24%
43%
; 133 %
121%
111
■
113
*112
26%
■:
17
17%
35%
34%
112%
:f. 45%
•26%'''.27%;
30
,
38
r
50
36%
103
.
>
.
31%
.29%
'
25%
•if *44
113
125 3014
30%
-
*101% 103
:
113
10% Jan
78% Jan
1
12% Jan
22% Dec 11
Reading Company*—**--™—-—50
27
*110
-
52
,
110%
<45
50%
27
.
Radio Corp of Amer—*—.No par
$3.50 conv 1st preferred—No par
100
Ralston Purina Co 3%% pfd—100
Raybestos Manhattan
No par
Rayonier Inc
1
82 preferred
—25
31%
'<45%
*44
28%
36%.
.
50%
45;'v •'
116
•29%
30%
51
143
37%
31
15% Jan 22
Hadio-Keith-Orp' >um
ft' 6% conv preferred
24%
24%. 25 Va
37%
38'
:
18
110%
*109% ,110%
.
Quak.ar Stat* Oil Ret Corp__.—II;
92 >
17%
138
; 145
143
24%
38
17%
92
18%
>13
11%
ft
18%
,
17%
110%
28%
Jan
100
Procter & Gamble
93
18%
;v
♦26%
♦30%
Dec
Dec
23% Now 26
11%
67%
34
*50
ft, 45
24%
69%
26%
115%. 115%
125%
/Vfcl47//:
115% 115%,
113
29%
*44%
69%
900
92
23%
37%
105
106
July
1
364% Jan
120
23
34
,
38%
28
108
S
143% 145%
109% 109% 0
*44 ft 45% ■
121
<
26%
115%
136
-
*32
22%
18%
22%
Feb
ft''•* *
18
33%
17
23%
*112
;
91
*111
23%
-
22
22%
68%
33%
33%
-'ft.
'
:1I2
112
'ft '
•
*22
20% Dec
69%
*115
68 Va
23%
33%
115%
125%
135%
115 V2
112 Va
•A
125%
ft
26%
-
24%
V
ft 14% July
105% Nov
Sep 28
11% Dec
3
15
7%
27%
125%
23
ft
24%
Nov
23
34% July
:;ftft
■'
s
'
56
56%
27%
27%
56%
15%
>'124
:
57
57%
27%
J
113%
17%
17%
17
125%
120
123
ft 126%
*56
58
\
*113% 114%
,>17%
16%-
123
X119-. 123%
56%
*109
—
114%
*113%
*109
<114
*113
*112%
114%
ft —-ft
114%
*108>
17%
—
56
*112%
;
900
114%
>108
.
108
10
,
36%
3,500
4.600
13%
I 9.100
.
Beagrave Corp*
40%
v
41%
67,000
Sears
24
16.800
Servel Inc common—^
113%
113%
*111%
•
33%
32 Va
ftft'-;
25 V.
24 Va
*77
100
82
■
*72
20.V4
32% <
40%
20%
ft
24%
*77'A
22
ft
48%
-ft ft
!
•
"ft
35%
33%
35
101%
ft-100%
101
ft 35
ft 100%
>
25 Vi
*
82
;
*77(4.
74 Va
75
;;
33%
12 Va
<": <
34
22
ft-ft:
20%
13
13%
ftft:
48
48 3i
i
ft *40
58
58 y*
58 V4
22%
23 Vi
23%
23%
23 Va
89%
91
89
90
39 Va
39
393a
17%
17%
ft; ft 7%
/ft
90
88'Va
*38%
*38 Vi
39%
Va
17 3 4
17
17%
,17 3 a
'
7'A
7Va
.
34 Via
34
34
55 Va
55%
176
176
38%
7% ft
ft
ft-,- 56
176
38%
38%
7%
*39
17%
7 (a
■
34 %
34Va
56
57
24%
24%
24%
r
*175
60%
61%
61%
38 (A
footnotes
see
page 331.
22
Va
23
-
v
176
;
■" <"••
%
38%
55 ■■■'
24%
38%
24%
;V> HO
ft 3.900
ft'ft;
86,300
62
62%'
61%
56 Va
ft" 22%
*23%
17%
7Va
7%
63%
87%
69,300
■
>;•> 38
38
800
114% Jun
13
109
Feb
2
108
Jan
"8
/'Dec
13
May
18% July
Jan
78% July
14% Mar
29
81.20
36
56
*175
X37%
ft
17 (a
7%
36
ft V"
>
176
•
17%
7
36
55%
•
ft-ft'
36 ;■;"■
' 55Va
•
*175
38 (2
37%
176
20,500
v
V
7
35% Oct
107% Oct
7% Sep
'
24
:
ft
24%
23%
23%
64
62
64
" •
:
35,200
21% Dec 26
22
Dec
10
Jan
3
Oct
17
12% Mar 27
"
63%
7
11% Sep
8
72
59
July 23
70% Nov
-15
24
Aug 21
36% Dec
par
74
par
par
22% Nov 27
9
3
12% Dec 26
5% Mar 26
Jan
9% Jan
48%
Jan
ft 20% Sep
3
May
9
ft 78%
15%
Dec
Oct
Oct
ft' 61% Dec
28%
Apr
ft? 7% Dec
32% Jan
2
46% Dec
3
24%
Apr
35%
Sep
—No par
30% Feb
2
.ft 44% Nov
7
23
Apr
31V*
Dec
10%
Feb
16
Dec
Oil Corp
ft
14% Aug 22
No par
2iy«Dec
—15
8s
41% Jan
2
65 Va Dec
20
15% Aug
No par
Steel
22% Jun
9
22
24% Jun
48% Jan
22
Iron
preferred
Smith (A O) Corp.
——10
Smith & Corona Typewriter-No par
Bocony Vacuum Oil Co Inc
South Am Gold & Platinum
*1
Gas Co——7.50
—No par
Southern Pacific Co—
22% Dec
11
7
35
Sep
13% Apr
42%
11
5
18%
Jan
22
Jan
23%
Jun
Dec
3
29% July 27
ft
40% Oct
2
18% Dec
16
10
15
13% Jan
15
South
'
63(4
1
26,
16% Jan
Southern Natural
80
r
6
23
17% Mar 26
78
2,000
ft
.
38 Vi
Mar
par
Southeastern Greyhound Lines
5
Porto Rico Sugar
No par
8% preferred
:—100
Southern California Edison—*—23
1,600
5,400
31
22% Aug 21
par
2,600
V
ft '•lf
56
Aug
—No par
Slmonds Saw & Steel
Sinclair
113
—
37% Mar
:
Nov 21
65% Oct
'
38%
24%
'
'•> 50Q
3
Coalition Mines—_—5
•'<
'
20% ft "?
109% Nov
108% May- ,1
•
79V* Nov
—
Simmons Co
89 (2
17%
176
Silver King
Jan
2
25 Va Nov
Skelly Oil Co
90%
39 • >:■■■'
36
176
3,400
7
29
61% Nov
May 15
13% Jan 23
Shell Union Oil
81oss-Sheffield
39
56"
45,600
:
(W A) Pen Co—
7,200
7%
■■
:'ft: ; 49
Sheaffer
1.500
17%
35
7,500
•
13%ftV
:
220
22%i";ft
24, >;
ft
23%";'
< 89 Va
;
ft-
>
(Frank G)_**
56%
23 (4
23 %
•
ft
83.50 conv pref ser A
Shattuck
<ft';ft
58 (a
22%
ft?
-ft'ft'48
75>. ■'
-i
No par
Bharpe & Dohme
ft
3,I6O
No
No
No
No
No
8teel Corp
42%
57
-
23%
*23(a
24%
24%
59%
For
7%'
57
39
'':
"
34%
176
58
ft'.
\ 5,500
ft-
124% Dec
—1
85 conv preferred
780
;ft;-*4i;ft<
20% " iftftft 20 .?'?
-ft 20 Va
20%
20%
-
ft':?
34%
41 Va
24 Va
39
12 Va
13% >
60 V»
88
33 Va
40%
23%
87 Vi
ft-'
48%
22%
ft
34
—No par'
10
-ft .-ft'<
•;
Sharon
.
80
•':
""'ftft.-ft"
>'
-
ft: 110% Jan
23
—-*1
Shamrocfc Oil & Gas*-*—.
%':>>
24%
•
74y8
40%
59%
;
•
,•
27% May
1
■
9
14'A Dec
41% Aug 31
Co.—-—•—No par
34,700
"••>:
21V* ft 21%
47%
"ft
24
"
-.76% ft
33%
23%-
59%
75
'
22%
59 Va
*23(a
ft -;
22
21 Vi
;
&
.7,800
27'
*77% ■* 80 ftftft ' »*78■
12(4
40%
20 Va
25%
>
■'75'
*
'ft 33%':
12%
49 (4
82
ft
ft; 21% ft22-ft
22(4
*39%
-
1
20%
•
>
48(4
12%
40%
40%
20%;<
< ft
"ftft "
ft ft
72
33% ft Vftft 33 Vi
ft "; 33 ;ft
12% ;; ■ft- 12 y*
12%
ft 48% ft; ft'ft 47%
*48
*40 ft"
-
74 Va ft
,
'
32%
35 Va
100'ft 100%
22%.ft ft
m <■•'•' 21%
;>v 71
72%
21 Va ;■ 22
25%
ft; 35 "ft
35 %
100(4 < 101(4
24 Va
.24% <24%:-ft
24%
:ft;35 ft-ft'
-ft
<
,26%
26%
25 (2
26
25
.
25%
25 Vi
'■•*77 ft."
78%
/
■>-24%-ft 35.'ft ft 3oVa
.
>ft:.99%;
100
100
24
Roebuck
$4.50 preferred
30
.
24 r U.
23%
-5
—
115Va Mar
X42% Feb
No par
Seaboard Oil Co of Del
Jan
19% July 27
110% July 25
i 8% Mar 27
1——100
5% Tpreferred series A w
*
23%
;
23
:
preferred——
Seaboard Air Line ctfs w i—No par
20.500
72%
31%
40
■5%
15,200
56%
•
.
Stores*'-—*-——.—*--**5 j
100
Savage Arms Corp
5
Schenley Distillers Corp*—**—2.50
Scott Paper Co
No par
5
84.50 preferred
No par
84 preferred——-.—-No por
v Safeway:
120
97,600
120%
117%
I
56%
<
.
Joseph lead*.—
St
5,700
10,900
113%. 113%
,57.
*113%
*109
1
58
26%
27%
113
17 -ft
*56%
•
27
;
*113% 114 ft
ft,,
4% Aug 20
203a Aug 20
>
40 Va Apr
155
4
Apr 20
96
,
ft?
7% Dec
ft 36% Dec
60 Va Dec
8
1
29%
Jan
Feb
64% Dec
ft 23
Apr
31%
ft 12
Jan
14% July
5% July
3% Jan
ft20%
Dec
28% Jan
141
Jan
180
Nov
29
37
Nov
16
22%
Apr
Dec
21%
Deo
45 y«
De*
162
Dee
Jan
20
24% Dec
11
13%
Jan
26% Oct
17 % Aup
38 Va Jan
31
62
20
23%
Jan
43 Va
26% Jan
17
2
Nov
,,
48% July
126
100
Poor it Co class B
125%
66 V2
■
ft' ,;
20
8% Mar 26
85% Jan
100
100
pfd
Plymouth Oil Co
115%
115%
112 Va
13
16% July
117
Sep
Apr
9
28
pat
Inc.
Pond Creek
144%
-
32%
Plough
27
26%
26%., 27%
23
ft
% Nov
108% Feb
118% Aug
No par
.„100
pfd
pr
37
2
?9
Feb
Jan
42 Va
6
Jan
*.-10
a—No
(The)
24%
125%
66%
>33%-
Pitts Young & Ash
Pittston Co.
24 %
<114%
22%
■•
conv
33%
136 ft
134%
.
.
115%
ser
23%
125%
xl247a
65%
*115 ft
1st
Dec
x98
100
Pittsburgh & West Va
69%
69 %
69
68
ft .(••114%; 115%
134%
5% %
35
Sep
-
-*.100
preferred class B__
preferred class A—
5%
390
3,600
26% : 27 ya
24%
32%
ftftftft
27%
27%.
v
114%
125%
27%
24%
Aft-
67%
67
67%
27%
4,970
34%
23
27
*..l
preferred.
7%
Jan
11 Va
6
59% Dec
2
25
s
.No pa*
Pitts Plate Glass Co—
*198'A
-ft. 23%
24%
•
,
26%
preferred---*-*
Pitts Scrfe^ k Bolt*-*-*
10
Highest'
-
f per share
6
13
Dec
105v
♦
-No par
^^juIOO
Pittsburgh Steel Co
89
33
24
22%
*26 V4
26%
26
26
125%
34%;
28
17,200
57,500
83
*86 Vs
88%
♦i98ya
<22%ft
22%
23
24%
113%
1%
I per share
13
Apr
34% Dec
Mar 29
44 Va Jan
11
26,200
:
"'ft
150
78
81
88%
34 -
88V2
•33%
♦125
150
.-79%
-
>
80%
•
ft- 88-
•
*126%
ft.
No par
Pittsburgh Forgings Co—
Pitts Ft Wayne 8s Chic Ry
>30
20
*198
22%
48
48%
12%
Vft 78 %
81%
•
Va
47
48
19
124
Hosiery
conv
Sep
113
111
Pifts< Cohsblidation Coal. Co——1
3,400
267
;
13%
32%
06%
26%
26%
*201
19 V»
48%
25%
*31%
Iftftft 24%
;
13,400
*195;
107
12%
M
ft 27
27
24%
25%
23%
18 Va
'
*198
!
32%
;
26%
*195
»201 ft
207
,4-8
12%
19'--
33%
<
23
24
25
•22%
107% Sep 11
14% Jan 20
Pitts Coke & Chemical Co ..No par
65
74
v.
100
;
• S4
preferred
Pitts C C & St Louis Rft
60
-
J per share
share
:
100
?'•.•'
16,800
106 V2
Year 194-4
Lowest
-A IVAft
27%
"
13%
%
105
>50
per
Highest
56% July 24
No par
Pillsbury Mills Inc
1,600,
.
>,;>
135
<12%
*
Va
107%
Pnoenix
'
'48%..
18%
-ft 88
v
'al—a'" * '■>'
22 %
ft* 30%
.
107 Va
23
ft
34
♦125
•12%
■>
*128'
-'ft''
33%
♦198
22%
21%
■
88%
"33
*198 "ft
.
♦201
207
ll%i
'
V-"
77
•
88%
33%
*1.05 Va
12%
25%
126 '/a
126%
88%
32 V*
135
*190 ft
'"47%
11%
<
17%
'■73%;. ft;.-
73
*86%
>
'A
108 Va
♦125
108
22%
26
*107
ft ft ft'.' 700
38
>,
'
46%
11%
<•■
"ft
■; ft:-
*34
8,900
'
45%
45%
45
16%
ftft
-
*201
203
'
•
'12%
105 %
23%
25%
*190 ;
V
,
38
35%
135
*
13
105
39%
35%
ftftftAftft 10'':.
58%
•
t
>-r
Common
rights,
4 % preferred
Phillips Jones Corp
7% preferred—^..
Phillips Petroleum™.
300
<
125
58
58%
107%
•123
"U
125
<■"
*38J%
v
35 % f
35 Va
V 107 Va
135
-
-22%
;
ft.w' >
•-
203
;
ft
25% ft
.24%.
...
ft
ft; '.fti
23
'
12%
105
104%
104
22%
-.35%
=
743,400
126
Range for Year 1945
Lowest
Philip Morris <fc Co Ltd™.
i
34
Vi
Range for Previoos
STOCK
Par
5,500
' 113
*32
58 Va
39%
106%
-
*125
ft
Vftft;
13
12%
12%
105
35
'
58%
33%
39%
*106
106 Ve
v
,.';>125 ft; 135
135
12%
*103%
39=%
ft
40
40
59
69
*109
34
YORK
EXCHANGE
Shares
&
112%
*125
53 Va
58
68%
1V
126
*123%
share
NEW
the Week
J per share
70
*32%
34 '/a
*33
Sales for
Jan.18
109 Va
*
113
*103%
ft
35
123 %
57%-
57%
113 Aft
*103'/a
ft ft 35 -;t:
35 >ft
per
69%
ja
Va
ft- 34%
t
70%
70
Friday
Jan.17
-
share
S per
f per share
share
STOCKS
1
Thursday
Jan. 16
Jan. 15--"
RECORD
Dee
;
THE COMMERCIAL & FINANCIAL CHRONICLE
YORK
NEW
STOCK
Monday, January 21, 1946
RfcC-^KD
'
Maaday
Sitarday
>
9 per
I per share
f
share
59
59
'
*91
92 Va
61%
93%:
93%
22
22%
11%
12%
20%
20%
22
22
11%
12
11%
12%
12
12'A.
*
17 'A
23%
81%
24%.
25%
24%
24%
97
97
97 Va
96%
96%
66%
75%
113%
67%
70
45%
47%
46%
114 %
*113%
115%
*113%
34%
46%
115%
39%
48%
43%
44%
68 %
68%
25
25%
107
20%
21
44
*
20%
21%
43%
44%
44 Va
44% V
*42%
24%
28%
21%.
21% \
23
?
23
33%:
,
33%
•
33%
*
*71%
107
107
73%
71
123
123
*105
71
123
*122
8%
22%
22%
33%
34
131%
V
A
;
i
9
r
■V';
22 •
22
33 Va
.
21%,
60
60
L
*58'A
60
38%
38%
38%
39.
32%
32%
33 >>
32%
40%
40
41
40%
*107%
107%
14 Va
14%
108
14%
•
111%
>'•::: 1,100 >
23 Va
32'/a
33%
22,700
18 V8
17,70.0
17%
17%
18
'>*107%
108 %
*108
*122 !/a
9%
21% >23 V*
2174
22%
30.000
■•v
33
42
397/a
39%
57
60'A
43
60 Vs
38
38'A
32%
33
40 V*
40%
40
8,100
;
131
41
> •"
41 Va.
*57
38%
34
131
r
41%
32%
33'A
33%
133
%
■
f
-
5,400
x
39
33
.
33Vs
Hwifv
10,000
'39%
40Vij
107%
14 Va
14%
14%
2,600
14'A
15
10 V8
13
12%
12%
1*12%
1274
12% Y 12%
12 Va
18 Va
18 Va
12 Va
18 Va
•
18 Va
18%
17%
18%
18
12%
111%
111%
61%
>61%
61%
*110
111 Va
*111
111%
61
50
27
17%
17%
61%
12%
18
18%
y HO
111 Va
,
49%
38%
Jan
2
,111% Jan
2
2% Jan
2
67V4Jan
23
28
■v>
49% Dec
27%
*17%
*104
.
Dec
134% Dec
51
27Va
27%
27
18 V8
18'A
18
10%
S%
5174
50%
27%
29 Vs
17%
18%
50
19
50%
51%
60%
51
29
>
V"""
61
61
28%
61%
61%
61%
51%
10 Va
r.
...
31
<
49 % Dec
44 •% Dec
> 68% Nov
24
^
<
Jan ?2
Aug
2
July 26
Sep 15
Jan 22
v16
10% Jan
' 2
18% Jan
',10% Jan
24
V
,18
■
% Jan
17%
16%
16
*104
-
4"
15%
64%
63%
•104
108
;
V
1
6% Jan
Dec
3
28% Jan
45
Oct
9
106
Nov
26
22
-
Tennessee
65%
65%
65 Vf
65%
V
57
■
> 18
109
6
Aug 13
73'/a
127 Va Mar 24
31
Oct
Mar
>'.■23%
9
: 33
Aug 21
Jan
3
22
50 Va
;
Gulf
40
A
-25
-1
•—No par
Producing—
-
& Oil—
Texas Pacific Land Trust—
bYaJan
2
36% Jan
2
/18% Aug 21
,-v
-
>10
:>1
Texas Pacific
Coal
.
I.
.
22
30% Jan 30
,-
55 Va
31
29
6
1927
31'A
29'A
61 Va
17%
17
*102
105
14%
2,000
>
310
<
44%
>
The Fair_L
—.Vo par ■ /'* 834
1,600
,'>
6.% preferred .!
100
*93%
1 •>■9%
10,200 v Thermoid Co common——
Thatcher Mfg CO> :
$3.60 conv preferred-
105
1574
%
15'A
> !?p'
15%
64
63 Va
15 Va
13%
14%
17 Va
17 Va
17 Va
64%
64'A
64%
12%
113 Va
10'A
10%
10
Va
10%
53%
58'A
^
64
7a
.A
58 Vt
;
f
420
$2% div conv 'preferredJ———50-
1
10%
1
57%
57%
10%
57%
58%
22%
22 Va
108 %
108 Vt
108 %
108'A
48
48%
49 %
49 %
48 Va
49%
65%
65
66
65%
21
or\
58%
22%
108%
65
20%
*66
22
20%
20%
10%
*30%
30%
11
16%
*107Va
43%
107%...
6%
44%
46 Va
Vs
45%
43%
*
106 Va
16%
16%
16%
16%
16'/a
159
'
Tubize
A
20th
' ;
53%
53%
53
53%
54%
54%,. Y 54%
24 %
24%
24
25
23%
24%
23
r
.-No
:
—
—.No
Cen
Film
Fox
Corp—
—No par ..
No Par >
No par
;
100 ■
pfd--———-_50 *
$1.50 pnferred
$4,50 prior pia
Twin City Rapid Transit
Y,
60
2,460
y
24
—__No
Corp.—-A—preferred ——
»
;
4,300
53%
A
Ravon
4% %
300
17
$6
preferred
Truax-Traer Corp
'*
300
8,800
165
.
Tri-Continental Corp—
:>>-
34,200
♦159
165
159%
-53% July 24
10
•
Transamerica Corp
5,700
45%
16
i £i
Transcont'l & West Air Inc>_——5
3,800
•
56 Vt
•105 Va
Oct
15%
a A
-10
Axle——
Detroit
> Trar.sue & Williams St'l
170
106 Va
55
57 Va
106 Va
16 Va
106
105 %
159
165
56%
105'A
56 Va
54 Va
*
>M
110%
•107
-
.
41 Va
40 Vt
42
107 Va
18% Dec
com—
Tlmken Roller Bearing
;
600
42,700
17
16 %
167/a
1%
107'/a
54%
106%
12
111%
*
42
41 Va
;
31
111%
%;
61 Va Dec
104
——--"-No par
preferred.
$3.75
Tlmken
*
18,100
3,100
65 Va
,
11
11%
112
112 Va
•107% "107
44
54%
*159
11%
11
16 V2
41%
64
31
>
;
3,200
2,400
20 Va
19 Va
20%
30%
111%
16%
111 Va
;
16%
41Vt
,
Vt
65
65%
■
par
——;——25-
Thompson ^Products
4 °ic- preferred
50
48
65'/a
IL
'V;?'
109
47
48 Va
32
•
11
*111% 111%
♦108
10.4
Avenue
Mar
Mar
Apr
July
Mar
No par .*
45
—:
;>>—__100
106'A
13,600 >t TTiompson-Starrett Co_:
No par V>
1.800
$3.50 cum preferred.,
—Nf par
'Tide Water Associated Oil—— —10
17,800
21% >22%
22%
108 Va
Third
Thompson U Ri—
900
2,00Q
113 Va
•112
68
67
68
30%
22 Va
*
,
Transit Corp—No
$ 8.200
>>i
P,
-N<t par
No par
-
<4ov
20 Va
13% Jan
Texas it Pacific Ry-Co———>—100
J.
51%
31
-
4,300
•;
17%
*108
22% i.
''
137
Jan
5
Texas Gulf Sulphur
49
s
;
28'A
*101%
»
*112%
113
10 Vt
57
121
9 Va
Aug 20
pfd_100
1
Texas
25.500
17
17'A
108
65
22
NOV,.
„
_9
-
Tennessee Gas & Trans 5%
-
18
'56
11% Jan
Corp
Texas Co (The)
18 Va
61'A
13%
18'A
*112%
Dec
Oct
;
24
11% July
37%
No
—No
Telautograph Corp-
4,000
17%
61 %
64
13%
18%
10%
r
25%; Dec 10
28% Dec 10
;
.
'
29 Vs
15%
16
•
13 Va
18
113
19
12%
TaJcott tnc (James)
20.500
28%
27%
64 Va
64
13%
18
9%
58% July^
18
1
;No gar
—
' 5,500
;'f.
61%
16%
13%
*112%
50% Sep
Dec
39 Va July
Jan
34%
2
Dec
109
,>•..
Sep
47
16% Nov 30
--1
85%
,31
13
Oct
Nov
;
20%. Dec
2
,
,
27
108
6
Sep
4% July
Dec-
74%
40% Feb
34% Sep
7
Jan
33% July
116
33% Feb,
10
2
Jan
25
12,600
'
51 Vt
28'A
61 Va
17%
108
15%
15%
28%
28 Va
17%
17
15%
'
29%
*104
^
110
31
2
1
Elec Prod's Inc
12,200
61%
61'A
62
10
51
29 Va
50%
-
61%
>61
18
108
37% Dec
A 2% Nov
:
220
"
51 Va'
50%
.
28%
27%
61%
20,
38'A Jan
56
Dec
31
12
121
:
61
Dec
115'/a Aug 23
33Va Nov 19
78% Jan 23
.
^^---8
Co
preferred-:
$4
1.300
>
110
61%
1
9% ;•? 10
18Va«
17%
49%
61%
10
27%
Vt
49 W
,9%
51
50 %
50
27%
•
10 Vs
9%
27
Jun
Dec
■
Symington Gould Corp
i y 900
12%
12 Va
A
'
49%
33 Va
61
40% Dec
110
6
>:>Y
13
m.
&
Syivanla
40.200
15%
.
27
10
39
V
Swift Interxiatlonal Ltd
*
300 j
108%
•107
108
108
79% Nov
f
9%
.1 34
34%
,_5
———_100 V, 101%
Sweets Co of Amer (The)
6,700
37%
13%
Feb
,
1,500
i >< 400
Sep
Dec
Jan
'
800
Dec
48
Jan
29% Nov
50%
No par
——
Dec
35
,;
3
119%
Class A pfd (4%%. cum)
100
5%
K.Sunrav Oil Corp,
—
1 A,:
Sunshine Mining Co.
10c > 10 •
22 '
.Superheater Co (The)
—No par
Y 79- •
Superior Oil of Calif
25
25
Superior 8teel Corp.
100
,31
Sutherland Paper Co
10
58,900
16
,
Jun
75
38 Va
11
8
Feb
16
107% July 27
25
Inc,
Jan
May
22% May
23% Dec
;l.
140
124 Va
.>;•;. 8%
9%'
9
-
*122%
124%
Dec
5Va
7% Aug
99'A Nov
9
31
$4.50; series A preferred—No par
8Kin OH Cp„
;
28
83% Nov
12
Dec
Studebak^ Corp: (The)-—4——-I
I:S.-.
1,300
55
8
39
I
,10 ••>> 19% Aug 20
j Sun Cheinical Corp-i——
130
71%
3
14
Dec
127a Mar*27
:
prior preteaed——4
—20
Stone & Webster—
--No par
.
Dec
95 >' Sep
v
25 ;/>, 33% Jan
Coip_--—
4% Jan
44% Nov
2
j
Dec
76'A Jan
—No par
0 «
Camp
12
Dec
20
2
27'/»<Jan 24
-•...
+..No par
Ohjo-,—,
of
93
Mar 27
47% Jan
l—.lNo Par
Inc
preferred
8tokley-¥an
"I
.
Feb
32
preierred series A—-—100 V 105% Dec
■
21,400
;vv.i
108
70
71
12%
61%
9%
14,600
21%
22
V
7% Jan
80
<preierred
Warner
28 Va
■
111%
61 %
12,500
24%
27%
T
prior
3'%
V
23%
23%
12%
,
10
Sterling Drug Inp common-
,
*21%'
33%
12%
111
123A Dec
Standard: titeei Spnug-f—i
.
200
22%
13
.
108
*106 Va
32%
*12%
17%
<■
:
'
17%
6»A Mar 27
i > > 37'A Jan
^ Starrett Co <The<
5,500
21%
107 Va
:...
Dec
No par
2
No par
nreferred-.7—
3%:%
1,200
,
24%
*12%
12%
?•? 46.500
28 Va
39 Va
39%
40%
13%
Standard Oil of New Jersey-i
'
40
12
.21%
20'A
I7Y
24 Va
40
32%
,
Nov
& Sons New—-____1
Standard Oil
900
103
133
38
32%
12%
'
7,900
21%
*58% !• 60%
Vv
'
33
•
25 Va
108 %
27%
41% "41%
38%
12
Standard- Oil of Indiana—
4-
47,700
67%,,
25
46 Va
34%
39%
40
12
67
*
■
V
23 V*
39%
60
,
17.300
443A
A
41%
*39%
14
30.600
45
133
.133
135%
*58%
*107
"•
9
41
39%
13%
$6
5,200
48%
44
*107
25 %
108 '/a
71
39%
42
108
$4.50
•
34 %
34
*38%
13%
,
V:
68%
68
*106%
124 %
8%;V:
21 Va
%
40%
39%
*122%
8%
130 Va
40 %
*106
140
47 Va
43 Va
48%
44»%
447 a
71
71
123
.
'
39
137
141%
.
44
107%
,
10-
.
$4 ■ prefer red.
Standard. Brands,
7,300
129
44'%
17% •18
107%
V
71
>;.v
133 Va
*131%
18%
107,Va
71
123
.V
122%
35 (%
22
33%
130 Va
■'
8%;
8%
-
17%
18 %
*
17%
108%
21% Dec
^-No par
$7 prior preierred—No par
fltandara Oii of Calif-,—j—No par
"
33%
:
24
2,500
129
129
44
23%
22%
33 %
Dec
11% Jan
1 '•>>,
Standard G & E Co $4 pref—No par
44
28'A
23%
82 Va
100
20%
21V*
33%
v
Jan
84,300
V
24%
27%
,
54
47 Va
•''.•
21%
28%'
21%
5
447/8
24%.
21 Va
23%-
24 Va
1
27%
-21 v»
;
21%
5
115%
42
'
18
17%
24
24%
28%
33
*107
.
44
*106
108
*106
109
80% Jan
46%
> 108
44%
108
V
44
69
*113%
43%
25%
108
43%
:
:
34%
Jan
46'A
48 Va
'■<
68%
'
20%
21%
v
*106
22
25
Jan
40%
47 %
141
48%.
44%
*107%
•44%)
>„
44
.
share
20
—,r-l •:>•
No par
No par
preferred
Square D Co
Squibb (E Rt
,
per
607a Dec: 26
113 Va
129
144 Va
68 -
25%
107%
44 Va
19%
21%
SCO
-
Highest
f
87% Dec
43%
'
24%
107%
25%
24%
44
32
A,
,
69 Va1-
68%
69
68
107
21%
•.'•
'%:>■ >. 310
share
22
46%
44%
49
44%.
21%
38'A
113%
"
49%
43%.
;■
38'A
113%
$4.50
per
22
113%
48 Va
48%
24
L
73
130
142
146%
145
146%. 149
48%
29
70%
67%
Conv
•
44%
28%
>
jpieijej
610
8,90 J
:
Year 1944
share
323A Jan
A'o par
Lne
28,100
38 Va
46'A
130
47%
23%
97%
69
47%
43
134
43%
106
2474
96%
38%
115
*113%
.
47%
V.
134
132
24
97 Va
*113% 114%
114% "114%
47%
♦113%
44
24'A
96%
5,300
'
46%
45'A
>•
per
64'A Jan
(AG) & Bros Inc_^.
Spencer Kellogg & Sons
Sperry Corp (The).-—
Soieej Mtg Co
18.600
S
share
100
ctfs
tr
preferred-^
$5.5 J
,
1,400
hf
82
24
.
39%
'39
stk
Ohio
31 Co
Soear
70
99
*80
83
*80
;
&
per
Lowest
100
preferred-
vVumngtoa-
j
.1,100
36%
24%
8palding
23,300
18%
:36 Va
38%
106
18
,
36%
113%
44%
Va
36%
; .■):
Mobile
S
Highest
par
U.No
Railway
uon-cum
o'/t
110
.
-
36%
81%
38%
44
99
>
•
36
113%
107
12 %
36 Va
66%
107
12
35%
38 Va
145
12%
Southern
V
2,900
44%
66%
143
ll7/a
22%
18
83
131
223/o
22
44 Va
38%
130%
22
'f'L
*91%
96%.
128
>•
*91%
83
41
93
*18%
81
113%
93
19%
*91%
t
Lowest
:
.
66
38%
115
,94
.
44 Va
96
46
1,900
44
r
64 %
*114%
10,300
44%
44
95%
*37% '
6174
85%
44
92%
23%
80%
24%
80 %
60
85
44
81
I;
:
62
*93
Range for Year 1945
.•'••
Par
86
98
*18%
19%
v.
92%
35%
.
42%
36
35%
>
92%
43%
36%
92%
43%
*42%
19
18%
18 %
>
18
92%
"8 8%
■■' ;
%%'.
>%
Shares
61
86
23%
$ per share
share
Range for Previous
STOCK
YORK
EXCHANGE
■
.
STOCKS
NEW
"
the Week
85%
60%
93
>
J per
share
86
':92%
Jan.38
Jan. 17
85%
20%
.
$ per
Sales for
Friday
Thursday
Jan.16
60%
85
:
92%
1
..
'
,
per share
60
59%
85%
84%'
84%.
84
Jan. 15
"
"
*91
;
Jan. 14
Jan. 12
58 Vt
Tuesday
•
'
■
LOW AlfD BHGM SALS PRICES
Wednesday
•i
2nd preferred
-v
,
5%
conv
«?« ivmi
102
93a
112 %
:; 42 ^
14'A
-
prib?
5,900
Twin
—1
Underwood Corp
Coach Co—
;
May
Jan 3
Sep 20
52'A
Oct ;9
Jan
25%
3
■VSy
•j-V.
y
s
76%
25
106%
76%
25%
25 'A
109%
108 %
108
:
*115
116
*115 Vt
*115
116
58% Jan
3
24%
25%
12.400
Union Bag &
Paper-—
„Nu
par
14'A Jan
24
26% Oct
109%
107'A
12,800
> 30
Union Carbide &, Carb
_No
par
78 A Jan
24
102% Dec'
.No
par
xllQ% Apr
27
-No
par
117% Jan
116 ). Jan
25%,
25
107
.
109'A
108'A
108
Vt'>tyrV
*115
116
115
115
115'A
115'A
*115'A
116
*115%
116
*105'A.—
116
77
1,700
25 Va
75%
25
25 Va
109
75%
75'A
%
25 3A
.
>
75
76
76 Va
76%
116
115%
115%
115%
115%
•115V4
iio%>
:
•
-No par
Union El Co of Mo $5 pfd_
■
*115
*105%
26%
26%
26%
*105%
•
27
•
26%
*
...
27 Va
148
*113
115
115
150%
149% 151
115
148
149 Va
115
40%
40%
40
s
34%
34%
35%
*115%
;
41
.:> us
115
<*0
*0 '
36
36%
36%
118
116%
52%
*105'A
105 %
'*
*105lA :
26 Vs
26%
26%.
A 150'A 152 Va
.
26%
154
114%
>
39%
40".
36%
36%
116%
*116%
118%
53%
51%
52%
175%
175%
.
114%
39%
39%
39 Va
40
36%
35
series.—
36
Vt: If
.No par
__25
20% Jan
109 % Jan
100
100% Jan
_No par
non-cum
3,100
29 ;
Aug 20
29
Dec":"
6
V 17% Sep
Nov
8
'
19
27%
25
24
700
1
23
112'/a Dec
22
_100
preferred-
Union OH of California—-
Union Pacific RR Co-—
2,700
»
111% July 11
Union Tank Car-—.—,.—
':13.700
,'Jt
155 Va
115'/a
$4.50 series—
Preferrd $3.70
154
*114%
115
Preferred
__
26%
25%
154%
,
110
29
151
•
*115%
52
*170
37%
*113
80%
*33 Va
12%
24
4%
118
52%
*174%
179
37%
,
12%
24%
4%
*173
41 %
41
*113
118
81'A
80%
36
180
38%
*113
118
53%
52%
82
*33%
36
X24
40%
:<
81%
33%
*33%
36
12%
13%
12%
13 Va
25
25
24
5
4%
24%
4%
5
5^%
49%
26
26%
267/a
27%
27
271%
12%
127a
12%
13 %
13%
13%
*75%.
17%
*51 Va
79
*77
80
;78%
:
17%
17%
17%
17%
53
53
53%
53%
113%
113%
113%
114%
-114 %
24%
24%
24%
25 Va
25 Va
51%
*109
*11%
27
*107%
24
51%
109%
50%
52
49%
109%
'109
12
12 %
27%.
28
*109'A
12%
27%
108
24%
For footnotes
107
see
79
331.
5
4r%
81'A
*33%
>
81'A
.
36
•33%
25%
24%
25,
47/a
5uu
30^,900
49'/a
50%
8,600
27%
27%
29
28'A
28%
13%
13%
15'A
14
1474
85
81
'
18
Va,
82
18%
19
54%
52%
52 Va
114%
11574
114%
25%
25 Va
51
49
109%
:
3,700
5
'
12%
28 :
107'%
26
114%
26
257a
26
'
32
114%
26
■
$3
8,400
:
81
-370
18Va
t
53 Va
1,300
29,000
49%
50%
51%
49%
51'A
*107%
109 V3
•108%
109%
12%
13
1274
13
5,900
United
28 %
27%
28
27
28%
5.900
U
107 Va
'107
108 Va
26 %
25
25%
*107%
24
109 Va
25
5%
70
230
3,500
Improvement
.
U
preferred
...
Jan
22
200'A Dec
3
118
.y
Jun
33V.
Nov
25%
Dec
110 Va
Sep
22%
Apr
36'A
Dec
' 102Va
Jan
123%
Dec
.
:
20'A May
22% Mar 22
40
Dec
114
Jan
6
110
Mar
Jan
2
82
Dec
27
61
May
26'A Feb
2
Dec
26
22
Jan
Dec
July 26
l'A Jan •• 2
25% Nov
24 Va
3
15
<—
*
Co.„13%
com—--1
^—>—100
1°
—No pgr
$4.50 preferred ———---No par
S Freight Co—
No pa*
Paperboard-—*—
$ & Foreign Seour
3
109% May 25
—*—-No par
United Merch & Mfrs Inc
6,700
"
Gas
11
22
Nov
100% Feb
11
Dec
120
12
Dec
30
Jun
100
Preferred
—j— :—-*—100
Electric Coal Cos——.—5
United Engineering- & Fdy>,
8
United
38% Dec
62'A Dec
•
Sep
118
104
26
par
preferred—.————No par
109%
12%
;
——-100
——No
Co
jUmted Fruit Co
2,600
26'A
Co,
United
6,600
116
preierred
Biscuit
"Aug 20
31 V» Jan
10
t
United Drug Co—:—
United Dj'ewood Corp—
13,900
-
25
104
——No par
Unlted-Carr Fast Corp—,—No par
United Cigar-Whelan Stores
30c
Prior preferred __——
—20
United Corporation—:
No par
100
50
Inc.!
5%. conv preferred—a—±
United Carbon
73.900
4%
18%
115
United
,;
'
49%
Aip Lines
4%%
*
20
5
100
Aircraft Corp
5% conv preferred—
United
900
13
25 Va
r
:
36
12 Vs
••)
700
3,200
81
13 Va
80
26%
*80
.United
300
>
;
41113
13%
78%
1
11,100
170
4074
<•■'
':
61%
12%
54
109
50
113
»
25,100
119 '
170
41%
17%
109 %
.
175
115
54
13
25%
*170
*113
527a
119
27
,
•
28%
*107%
%»%
51%
117
17 Va
12%
25%
page
50%
28
•
107%
24%
:.v
*81 %
50
117
40 '
41
113
81%
50%
50
113
33%
-
4.
24
4%
41%.
81
13%
12%
182
117
35'A
Jan
■<
'
.
93Va
> 92% Feb
45% Nov 27
>
66
7% July 20
22
36
13
8
.
lVa
13
2
50% Nov
10
22
29% Dec
4
9 '/a Jan
5
14% Jun 27 ' "
5
88 Va Jun
66
Jan
•
17 % Dec
8
89% Mar
1334 Jan
22
Mar
106% Oct
Apr
42%
Dec
Apr
17 Va
Dec
Feb
11% Aug
78%. Aug
6
8
3
52 Va Dec
Jan
12 Va
45 Va
27
10% May 26
33'A Jan
Apr
11%
36%
Dec
01%
Dec
Oct
15 Va
Jun
98% Jan
4
' Feb
109%
Dec
9
120
Oct
15
20
23
Nov
27
11%
9
52
Dec
112
Nov
26
Dec
27
19
1% July
Jan
26% May
75'A Jan
31
70% Julv
28
31%
Nov
38'A Jan
15% Jan
5
114
6% Mar 26
11% Jan
24
.103% Oct
23
16% Apr 20
13% Dec
7
26% Dec
10
-
77/a
Feb
7% Sep
12% July
107'/a Nov 20
28
Nov
20
14% Jap
21%,
Feb
331
NEW YORK STOCK
LOW
.
Saturday
Monday
Jan. 12
I per share
•111
112
..
♦199
Tuesday
j4
Jan.
Jan. 15
3 per share
H
/ 111%
*199
__
111%
31
31/31%
"68
68%
69
'.54%
551/4
x55%
57%
•♦111,4
11%
11%
11%
v.! 371/2
37%
37%
15
11
301/2
•
Z'0: 15
;
15%
'<0011
11
V
*55
48%
32%
70
7o
Z0-/ 573%
37%'
373/8
15%
11%
11%
55% % 56
62
633/4
49%
493/4
./
49
6%
6%
%
65
493%
6%
7372%
6%.
6%
71
/
57
49
,
71%
■■•••'/..••.
..
6%
.
743/e
175%
175
175
*175
76%
76%
76
77
77
86%
86%
86%
863/4
87%
87
-88%
89%
159%
89%
90%
159 %
159 %
28 3/4
29%
175%
38%
38%
15%
15%
16
11%'y.r,
11%
Z.
553/4
1,700
56
49%,
49 %
49
25,800
600
49 >/4
71%
15,600
176 %
*175
75
177
77%
87%
87'A
89%
ft?
S Plywood
Corp
U
1,500
S
Rubber
8%
♦159
-
159%
159%
28%
*51
-29
293/4
521%
28%
•52%
52%
8%
000 8%
8%
/
20
17%
•117
-
-V•••
y/;'; 00118
25
0:26
159
000 8%
19%
119%
119%
118/;
-
87%.
91%
159%
r
159
160
28%
29
0Z'Z12O'Z:
8%
120
V ,5,400
Z'z,
83A
019%
121Z/ 121%
18 Va
7
"0-
8% 0 8%
*50
108%
106%
♦189 '■'
8% ; '•> 8%
50%
00 50%
8%
50%
0*107
*49%
0
108 Va
Z
190
>'473/4',.
48
0;
26%
Z
*■
0/
/
..46%
*53
00'
463/4 047% Z:
47%
109
'0
-
|2,800
9s/a
,
:Z
;'
0/
-
.No
"
—
70/
47%
Universal
55% Dec
10
34% Apr
Dec
12% Dec-LO
9%
Sep
2
11% Jun
11
8%
Jan
10%
Dec
2
57
Dec
5
30%
37% Jun
■67
Nov
40%
Apr
Jan
"l
Feb
Jan
Jan
2
15
21
481-/2 Dec
73 J% Oct
6
10
19
40
Feb
18
130
Jan
176
Oct
77% Dec
89
Inc
18
10
23 J/8 Aug
7
32
Nov
Sep
5
50% Dec
Jan
24
8% Dec
16
*
...
Jan
Z-
No
Pictures Co Inc
*
5
Dec
Dec
3
Dec
7
75% Jan 24
Dec
27% Aug
48%
Dec
4% Nov
Apr
5% Oct
Jan
106% Dec
14%
Jan
2%
•
18% July
6 : July
3% Jan
31
Jan
110
Dec
28
68
16
162
Mar
il3/4
Apr
Nov
23% Aug 21
Dec
76
200
Mar 27
Dec
63% July
136%
2% Jan
10
9
52
Z
Dec
61% July
78
May
Apr
44J/a
11
25
22
29
2
Jan
178
...
16% Dec
121 J/4 Dec
2
-5% Jan
-39
Nov
543/4 July
150
Deo
May
50% Apr
*119% Jan
6
5
4%
69
8
4
483/i
10
46
No
r
.Z
3
Oct
85% Dec
4% Jan 23
'48
Dec
31
7% Dec
*
7
*98 J/2 Jan
Dec
33%
Nov
*
9
Jan
Apr
160
No
Jan
5%
2
-
43% July
16%
58% Jan 24
*
Nov
3
2
■
51 J/a
10
'
preferred..
5
Oct
Jan
Dec
18
:
Dec
15%
Dec
Jan
No
Jun
Jan
163 a
■
135% Jan
preferred
8%
39
23
Jan
No
8preferred
bi<}-
10
*72
-.
Universal Leaf Tob
7,500
•
42
*52
.
—
20
27
144% Jan
.
Laboratories
Preferred
90
0
70 J/3 Dec
2% Mar 25
51 >/a Jan
6
UniversaJ-Cyclops Steel Corp.—.
"0/Z
195
•
17
46
...
Universal
0 270
0
Jan
27% Jun
_—
,
(7,800
.
•Z.AZ.-
108
,
34% Nov 27
35
Corp
conv
186
17
thare
88
Jan
97/s Jan
1st preferred....
non-cum
$6
Mar
38% Jan
>,2,300
9%
'53
*51 Va
*105
Z00 *1900.
46 0
/ 47% ;>
46
.
25%
195
*190
v
-
0
25
Z
:
54
108
Z
195
-
10 V*
9%
9%
108'A
108V4
*190
25%.
25%
52
50%
•
0
193
•
253/4 ' •0
000- 8% 0
8%
107
-'25%
•.
50%
X1G7
0*190
190
C X47
190
46%
025%
26
70
170
50
United Stookyards Corp
United Stores class A_.
30,300
"
24
1%
11
115% Dec 29
7% Jan
U S Tobacco Co
10
per
22
63/4 Mar 27
Smelting-Ref & Min
Preferred
3
Jan
30% Mar 26
Preferred
U 8 Steel
12,580
0/:00.
8%
8%, Z
400
,1,200
29
*51
19%
0f 18%
00Z 0 121% 121%'>0
•'4005z>0:,'.'v S
S
U S
64,700
'
''
4,000
>
159%
28%
293/a
*51
*51
00.Z- 8% 0 8%
•ZZ:- 18%
183/4
0 83/4
'r ,0? 18%
89%
159 '
283/4
•
*86%
90%
89
V
8%
•
87%
*86%
*52
19%
18%
118
-
76
77
76
-
Highest
>
115
No
Co...
non-cum
'
-78
per share
22
.—No
$U S Realty & Impt—
15,700
:
* 76%
*175
175%
6%
."
693/4
V: 72%
U
1,800
'
6'
6%.:
6
71
Co—
U S Pipe &
Foundry
U S Playing Card Co
2,100
S
per share
Jan
13% Jan
Corp
conv
S Leather
S
share
Lowest
77
_
Partic ft conv cl A
U S Lines Co.
Z: Preferred ■"_—_
;
67%
,•
__
U
11%
58
per
Year 15)44
Highest
77
2,300
397/a
*65
i
•
_
preferred
5% %
'
$
preferred
U S Industrial Chemicals—No
12
,Z
"
,•
Gypsum Co
6,500
11%
56
:■"
Year 1945
Range for
Lowest
6,900
12%
67%
Range for Previous
STOCK
U S Hoffman Mach
130
58%
55%
73
175%
%;
2,800
57
*65
49%
6% *6%
72
87%
86
*173
•,i
49
.
70
15%
11%:
11%
■-•-•Z"
32%
69 %
37%
37%
15%
.■•'0f:-, 55%
56%
V? > *65 U 67%
55%
65
,
15%
*11%
*37
•
*
57%
11%
U S
7 %
11%
58%
■•:V;
3,100
32
32%
70
11%
16
11%
32%
70
57%
37%
16
56/
00 70%»
'
59
11%
v
Shares
113
YORK
EXCHANGE
>200
70
•
NEW
the Week
per share
113
113.
32%
32%
3
*200
—
*69
11%
601/2
'■>/
.60%
*200
Jan.18
share
per
112
112%
112
—
31%
/
70
$
$ per share
Sales for
Friday
Jan. 17
Jan. 16
112%
*199,
__
STOCKS
Thursday
Wednesday
;•
3 per share
111%
RECORD
HIGH BALK PRICES
AND
81%
176
Dec
Dec
Nov
48% Dec 10
Z'Wiv'/
31%
21%
23
33
33
22%
.
23
x24'/4
67
:Z
*64
Z00; 32 % *33%
22
53
53%
0
68%
70
*
72
73 J/2
*106 Va
110
*106%
uo
*107
110
♦106%
♦107
110
*107 %
110
■iio'
42%
79%
121%
40
42
40
:
•
v,/:'"' 7%
7%
80
79%
82
0
*80
507/B
*171
*171
*78
18%
41%
41%
20%
14%
109
14%
*14%
14%
104%
33%
33%
*79
35%
34%
.
.
34 Va
*48%
30%
30%
30 %
33%
33%
33
33
33
44
044 %Z
15%
14%
38
*84
38%
87%
39
><39 %
*112%
113%
*112%
-Z
..
Va
116% 116%
111% 111%
*117%
39%
39%
32%
33
33
46%
46
46
39%
113 %
112%
112%
ni3
116%
♦116
118
*110
33%
3%
Z0r3%
*59%
60%
61
11%
60%
11%
12
12%
293/4
293/4
30
30%
>
,
.
50%
50%
91%
52%
*30%
91 •/
'•
37%
37%
37%
43%
43 3A
^v-43.:/
40
'
•'
13
51
51^
91
31%
Z
38
38%
38%
38
38 3
44 V4
44
44
■
40%.
38%
44%
41
105V4
44
41
105 Va
51%
*106
*70
106%
50 Va
15%
0016 "'o
17%
ZZ
88
88
/'
23%
'24
24 Va
018 Va
Z0 *99%
62 %
43%
43
17%
39
44
'/
Z00 54%
62%
62%
*93
105 Va
42%
16%
92
♦90
11%
00'
24%
11%"',
24%
19
100
•0
18%
v
Z>
100
*99%
■/.i
:
93
*19%
40%
55.0:0
%
;/
28
29
■
55%
63%
*93
100
"Z.J 94
00 *80
46
:•■•'
80
29 Va
*39Va
-7
543 4
Z
63%
62 34
95
*95
95
80
x28%
31%
42
16
18 3
99%
99%
20
20
102
Jan
125
Oct
145
Mar
5
173
Dec
17
149
Feb
155
July
6%
383/4 Nov
64
Sep 17
-13% Jan 10
-78
Nov
19
40
Jan
68
Dec
20
Dec
4
10%
Jan
14%
Dec
0 30% Jan 24
42
Dec
7
26 y8
Apr
31%
100
019
No
Corp
Sep
2
14% Dec
3
2
16% Dec
2
105% Dec
Mar 26
29% Apr
68
Nov
Jan
X2G
Nov
7%
Jan
10 Ve
Jun
15
July
90
Apr
Feb
36%
Dec
22%
Apr
25~
Aug
22%
Deo
Dec
3
8
15%
Apr
47% Dec
5
23
Jan
16% Dec
0 31% Dec
Jan
10% July
38% Nov 21
22%
Jan
25%
89% Nov
77
Jan
85%
Deo
18%
Feb
28
Deo
113% Nov 16
83
Jan
1023A Deo
118% Oct 15
2
37
8
1093/4 Jan
22%
33% Dec
3
100% Jan
11%
6
Z 32
May 10
Jan
8
5
50
Mar 26
24
26
Nov
7
2
28
Jun
096%
Feb
113
Deo
8
112 0 Dec
20
85%
Apr
103
Deo
7
22 3A Mar 21
..100
118'A Dec
10
1133/4
Apr
1183/4
16%
Jan
28
July
Feb
110
Deo
100
101
100
pfd
Feb
Dec
35 % Dec
84% Apr 12
23% Mar 26
1
48
17%
Z
21% Nov
j
9
14% Aug 21
24% Jan
2
par"
Dec
1083/4 Nov
15
13
.
par
Nov
Xl05
6
No par y:
113% Sep
No par
preferred—-
20% Feb 24
15
No par
Corp
29
91% Oct
S
Inc
preferred
Dec
8% Oct
5
—No
110
:8%Jan
.
5
Pipe
110% Sep 28
Aug 21
61% Mar 27
100
Pictures
&
105
No par
No par
1
Jan
106
,.__100
95
55
(
27% •28%
46%
0
63%
98
93 ZZ
27*01
28%
93
:
X81
,
54%
Jan
40
Dec
6
115
,.
10
17%
Dec
1
103
Sep
I
70
33 Va
ll'/s
4.300
300
119.800
18 3/4
18,800
99 Va
20
20 Va
series
A__
100
Class B
Westinghouse Air Brake
Weston
Elec
23 ;•
12.50
5%%>
preferred
conv
Wheeling Steel Corp—
$5 conv prior pref
.:
300
;
1,300
.0
39%
543%
200
55 V4
17,800
63 Va
45%
35%
72%
72%
27%
28%
29
28%
53% July
15
22%
Jan
31% July
38% Dec
27
21
Apr
31 Va
37% May 17
50% May 17
Oct
Jan
5,200
95
200
97%
.
7,000
44%'
45%
2,900
.25%
33%
26%
13,000
Deo
10
293/4
Dec
36J/a
Dec
11
25%
Jan
32
July
17
77
July
45% Dec
19
conv
Prior
78
Feb
19
59%
Feb
107% Jan
15
97 %
Jan
47% Dec
24
26
20%
Feb
32%
66% Jan
18
Feb
92%
103
87% Jan 24
47 Va Dec
6
1
White Sewing Mach Corp
$4
31% Jan
preferred
No
preferred
8% Jan
3
18
Dec,.
par
83 3/4 Jan
15
94
Jun
15
Jan
23
35
Oct
17
12
30
20
6
Wilcox
Oil
3';j
Co
Willys-Overland
Motors.
Wilson & Co Inc—
Deo
20
Feb
5
Jan
X64%
24
Jan
Jan
1043/4 Aug
22
Deo
Dec
July
293/4 July
9% July
87%
Oct
031% Deo
$4.25
preferred
Wilson-Jones
——.No
Co
73%
70%
73%
16,900
29%
28%
29%
19,400
40%
41
6,000
12 Va
4Q
11%
41%
12
11%
19,500
'Wm>
,
Tr
'Del)
Wyandotte Worsted Co..
Tale tc Towne
Jan
6
Feb
20 Va July
8
Jan
11 Va July
2
0
v
Deferred delivery
-
35
n New Stock
7,400
13% Jan
r
—.8
30
22
14 %
July
Sep
125
Sep
19%
Apr
24
July
36%
Jan
443/4
5
20%
Jan
41% Nov
1
<47 3/4
Jan
82% Nov
123
15
70
Nov
Jan
3
100
Nov
80
1
Jan
79
Jan
5
100% Nov
13
49
Jan
84
75
Jan
24
110 :
Nov
19
69%
Jun
91%
Dec
Oct
15
58
Apr
74 Va
Nov
23% Dec
7
13
Dec
14
Deo
47% Dec
11
69% Mar
13
84
9
Jan
22
24
13
Special sales,
Jan
7
38
13% Jan
No par
1
103/4
14
Nov
53%'Dec 31
19% Jan
Mfg. Oo
Dec"10
138% Dec
24
32 3/4 Jan
1
Apr
37
York Corp
fig*? sal*.
93/a
40% Jan
—.10
va*
2
Jan
No par
Young Spring ft Wire.
Youngstown Sheet ft Tube—N® par
Youngstown Steel Door
—No par
Zenith Radio Oorp_.
Zonite products Corp.
-t
22% Jan 30
10
Woolworth (F W) Co...
4%
25
19% Nov 19
6% Mar 26
,128
100
Woodward Iron Co
10
26% Jun
10% Jan
par
10
pfd
Dec
16% Mar 26
1
No par j
■
a
,
105% Dec
/ 43
31
22
27%
*94 /
97%
.
■
72 34
Feb
Oct
26% Jan
27 0
29
27%
Dec
41
35
1 y
No par
71%
65
15
15
No
71
27
Oct
10
Wrlalpv
26%
Deo
Jun
Oct
Wright Aeronautical
26%
66 Va
Dec
56
31% Dec
300
69%
16% July
313/4 Deo
9
600
26
6% July
Jan
21% Jan
280
25%
Jan
7Va
0
20
:
45%
33/4
18
64
No par
?
34%
71%
293A Deo
92
18
373/4 Jun
Id3/* Aug 21
.No par
0
343/4
57 Va July 10
2
Apr
14% Jun
2
100
—100
81
25%
2
263/4
22
303/4 July 26
27% Feb
3
No Par
92 Va
46 :0
30% Jan
37 Va
12
27% July 18
31Vs Aug
7
-No par
81
25%
13% Feb
29
Dec
37 3/4 May 12
No par
Instrument
$3.75 preferred
0 4% Jan
3% Dec
61
Ve Aug 21
26% Jan
6
Westinghouse Electric Corp—.—50
Preferred
J
12 Va
Westvaco Chlorine Prod
13
43
,
No par
91 ;0
45%
Preferred
Westerp Union Teleg class A-No par
93 Vi:,
33%
tin receivership,
non-cum
Wisconsin El Pow Co 6%
0*38
■97%
32%
this day.
0
4,
27
64% Jan
100 0
2nd preferred...100
Western Pacific RR Co com__No par
4%
40% Dec
Dec
32% Jan
,
Worthington P & M (Del) .—No par
Prior pfd 4%% series
100
Prior pfd 4% % Conv series—100
26%
on
3
10
White Motor Co
12,600
92 Va
62
'ZZ:
30%
sales
17% Mar 27
Supply Co
Maryland Ry
4,400
25%
63
25%
no
Lines,
Auto
1,400
*139 .".,■
ZZ
32 /*
0
Air
0' Rights
81
97%
80%
.
94
94
93
80
54 Va
,62%
96
*96
V.
Z:/ 00
80%
0
'
25%
asked prices;
Western
•
White Dental Mfg (The 8 6)
99%
_/0
40
♦38%
0
420
,18%
4
*138Vi
'
40%
*93 Va
99%
.
'
0
10%
26% ZZ-
4-—
5,800
24
ii%:0:
31%
and
10
:
18%
20%
10
33 Va
10%
'
-
43
*90
.•
25
•Bid
Dec
Wheeling & Lake Erie Ry...^..l00
'
100%
24%
100
75'
98%
.
18 3/4
19%
Z *138%
40%
*39
64
95
-'<r
54%
•
'7:0
20 34
*1363/4
■
93
Z.
81
46
165
'
■
Z'Z 0 30%
11 Va
:
700
380
52 Va
26 34
.
1,800
V
106%
33%
'
43%
41
>70%
92%
X33%
740
*105%
0
43%
17
00
34
5,900
48,400
44 Va
50%
100%
200
105% 105%
52 3a
31% Z31%
Z.
•
•40
:
106% Z0
100 Va
%
433/4
-
'
:1,900
27,900
39%
.
ZZ 44% '
433/4.
41
89
*95
*92%
46
Apr
2
No par
West va Pulp & Pap Co.
Western
38%
0 38%
*32
18%
20%
40%
*80
"
33
Mar
par
preferred
preferred
Western
32%
0 37%
,
0z
90
24
'
*31%
39
44
52
17
16%
32%
*70% :Z75':Z..00
*
•
31
42 Va
52
91 0 92 /'v
51,0- 52%
52'A
34
0Z. 10%
.
100
20%
97
97
Deo
43% Nov 23
16
120
...
Indies Sugar
2,100
52%
53%
91 34;
4334
•
*136%
95
*93
6%
3,100
4,400
*40
75
031-0-
••:;
21,800
105% 105%
106
■
62
12%
38%
z
5134
50%
100 Z Z 1003/4
100%
16 V*
18%
20
54%
7%
190
31%
-88%
11 Va
10%
11 Va
54
Nov
45
par
new
West Penn Power 4%%
4,200
f
11%
'32-.0'
•34„Z,:-34. z.
z:
*138%
0
63
Jan
,>36% Jan
West Penn Electric class A—No par
260
30%
i *'0Z
39
38%
112%
0 61%
.
323A
38
a
105%
-
62-
J1*
*31
40%'
106
52
100%
0 190% 101
90
39
38%
112%
53
44
r
*105
007OZ;:ZZ7 i':M
72 *
107%
42%
100%
Feb
37
No
1'
Tobacco
conv
West
z: no
;
91
38%.
40%
105%
42%
*993/4
0 20
.
,
118
12%/ 13
443/a
42
18
38%
21
100
Washington Gas Lt Co
$4
30
300
32
91%
91
Z 51%: 052%
/
*30%
32%
31%
42%
17%
391/2
*112% 113
Z
112%
lis
53%
50%
90%
41%
10%
117
'112
32%
30% 030%
23 Va
20
Nov
1..IOO
G & W
Petroleum
Webster
21,700
.
116%
116%
118
Va
12%
31
43%
50
/.34Z:-;
40
113%
112
*61
12%
30%
15%
Dec
55
Jan
-
100
Fdy
200
12,200'
31'
30%
*32
Aug
83
>57
28
Wesson Oil & Snowdrift
2,800
b
1,900
30%
*88%
120
22
45% Jan 25
100
No
Warren
10,800
v
87%
113
118
62
61%
62
30%
.
Jun
30% Jan
'■
38 Va
*70
-
113%
50
3 •'?(•;
■■'
44 %
**106
49
161- 101
5% Mar
: 62% July
13
Sep 14
20
Z:
3%
52 Z/Z53'••:
44
105
107%
48%
114%
381/2
Sep
Sep
Nov
118
;
4
124
9
...100
pfd
14
11
3
150''
8 J/2 Dec
Dec
1
38
45% Dec
81
Waukesha Motor Co
-
8
-3% Mar 27
-59% Jan
Wayne Pump Co
112
40
38%
'••
40
105
73
>*70
*106
Jan
3%
24 J/4 Jan
-
100
2,200
38%
112%
11%
Z
32%
38%
37%
44%
43%
21%
.8
No par
.1,400
14%
118
30
.
53%
32%
37%
32
37%
40
Dec
853/4 July
25 Va Aug
33
34
061%
:-;.-
51%
91%
'
52%
*43%
•104%
Oct
85
Feb
46
*86%
1123/4
Z
0 112%
.40%
33%
r3 %
493/4
51
Jan
70"
1
32%
51%
•
118
Z0 39%
*112% 113
33A
*90%
Jan
63 %
45% :
>
037%:
-
118%*
39%
41%
preferred
Warren
"'.;•; 900;
Dec
6
32%
/'Z;
0
87%'
XII6V2
112
303/4
Sep
16
9
preferred
Warner Bros
•
14% Nov
52
12% May
11
28
L
Baking Co
5 % bo. preferred
1,700
23% July
:
Oct
Dec
...23
(Hiram)
Div redeem
Jan
Dec
[
4%%
Walworth Co
9%
28
Nov
Pow- $5
Ward
38,600
193/4.
30%
30%;
300
Zf 800
49
19%
40%
33%
•
♦30%
40%
.117%
113
33%" 34 V8
*47%
-
15%
:--.
:
20
30%
%
00
050
20
38
33%
3%
z:
'
15 Va
Z
"
50
50
104
34% V
>' 34%
34%
3734
112
v
104% 0
20
',*86%
*118
;,T
00 430
87%
112%
•112%
*112% 113
lOfVa
104
.38%
;118 / 118
39%
397/a
r
0 3,600
21
241/4 Dec
17% Jan
.
71
Walgreen Co
4% preferred
18.000
14%
*112%
117 >Z
,112
.
14%
14'A
,15%
40
117
;
.
118
14%
46
'
!j
Z*20V2
9
103
preferred
Walker
U
104
Chemical
Wabash RR
6
10
22% Dec
483/4 May 22
Waldorf System
4,300
.114/0
14Vi
15%
'
113%
0113
6 %
f 160
1108 %
14%
37%
87.
108%
20%
32%
;•
V2
&
34% Dec
50% Nov
;
86% Mar 26
"90J/2Jan 20
Vulcan Detinnlng Co_
Preferred
] 3002,500
;i,800
41%
41%
14%
20
"
87
108
30 Va
•15%
••.0790ZZ79:0':
18% v. 19 0./
.
19
42 :■■ ■"
'•"< 14 3 a
104%
49
v
81
:
13% Apr
100
div partlo preferred
El
22
8
Virginian Ry Co
190
.20 Vz
87%
39%
38
Z0Z 37%
*36
-.45
'
preferred
pref
Va Iron Coal & Coke 5%
ZjvVnvsi;
*172
115.0 115%
20 Va
14%
Va
■4,200
0 190
108%
104%
503/a
43
6%
50
115
ZZ-' 34 3 a
20 Va
0
Va-Carolina
1,400
108%
14%
49%
19 Va
X30%
30%
Z
Z
35^-4
49%
%
95
I
43
*79%
■;z -14% .'14%
10434
20
non-cum
Victor Chemical Works
120
«
165
41%
20%
14%
19%
2,200
122 Z
50
42 J/4
018 Va
114
49
v.
27,300
165
18%
115%
104%
82
-
;■ 18%
108
15 Va
1047a
5%
2
Mar 27
Jan
Ry._____'__10Q
Vicks Shreve & Pac
.1,800
8 J/4
83 3/4
200
41% 041%
19
Z14%
14% Z.14%
:
*172
15%
43%
32%
190
14%
20
*43
*172
ZZ. 14%
49%
-Z*30%
42 J/4
109
114 *
V}ck Chemical Co
50
44% '
8J/0
'•'*80
503a
•
*i61',r
20%
104%
*19%
*108%
32
: 2,800
r 40'
/-
ZZ
*121%
95
49%
42
.
-13
..10
75%'/
82
.
21% Jan
*
par
__2.50
Vertientes-Camaguey Sugar Co_6J%
115.
v.:
-
1213/4
*80
•
50 >/4 ;50%200
*20%
; 14 %
:V
121%
121%:
41%
,41%
.■
No
......
;8,000
110
44
8%
85
:
*161
20%
14%
Z *20 %
;
105
*47%
!
V8%
.
85
*80 0 : 95
.
;
',■■0114% 117%
114%
*20%
;
.41
*108%
113%
■Z
81%
*18%
41%
109
121%
-
41%
*78%
19
Van Normair Co
Van Raalte Co Inc.__Z__.__I
24 : Z
107 %
43%
43%
83/4
85
,
190
Z18%
■:;ZZ 41%
*
Vanadium Cprp of Am.
1,800
110
120
42%
52
75
•'"
110
*108%
22%
Z '
223/4
75
*107%
;
200
-
*171
,
78% .78%
81
ZZ 10%
•108%
190
8%
84
50%
41 %
*161
•163 > 200
h
51
*
85
/:
50
x413A : 41%
41
*163
Z
S -8%.
83 Va
1/121% 121%
*80
/ 95 A/
95 •■'"•
0 50%
*80
50
42% -43
-
/// 8
.
122
1213/4
122
-
8%
.
,
21%
52%
74
110
/ 39 ■••/:
00- 7%
22%
51%
22% '::; 24%
75%
*106%
,9,300
,6,100
22%
.*>•
24 & 024%
/•
32-0 3334
33.%
32%
22%
A3
24%
.51
50%
50%
24
C 24%
;
-.34
;
27% Mar
2434 Oct
9
31% Dec 12
9Y*
Apr
14%
Jan
10
Oct
Nov
36% July
15% July
33%
Apr
20% July
423/4 July
27% Sep 19
13
Jan
20%
34% July 26
44% Dec
8
2
123/4 Deo
4
33% Jan
3% Jan
39
17
Va Jan 22
20
Mar 26
5% Jan
wd When distributed.
.
70% Dec
x-Ex-dlvldellds.
y Ex-rlghta.
Deo
44% July
6 % July
THE COMMERCIAL & FINANCIAL CHRONICLE
332
Bond Record
:ft.
New York Stock Exchanae
((»
:,>ft>ft/>ft
n»MY -weekly
. yearly
Ai„ _
theyoiSu?
accnnlM*»««*ox Bucn aaiee in eompatlng
"and interest"—except
are
week, and when outside of
The
•-
...
—
RANGE
V
Interest
Last
Period
G. S,
Sale Price
(ivrernmeat
Treasury 4V*s-
1947-1851
1946-1958
V'_.
A-O
3J/4S~
Treasury 3 VisTreasury 3 Vis-
m-s
1946-1949
j-d
Treasury 2
M-S
/'
1948-1951
Treasury 2% s—
Treasury
Treasury
Treasury
.Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
1967-1972
Dec
Treasury 2 Vis
Treasury 2Vis„
..1952-1955
2Vis2 Vis .
2 Vis2 Vis28
■
Treasury
Treasury
Treasury
Treasury
*104.21
106.16
*107.15
107.5
"./■
•
107.5
*104.15
No.
28.
Series
No/ 29.
Series
No.
Brisbane
v
,v
; ' vL
•:/! 94
J-J
: *74%
J-D: '.r<-'—
J-D.
J-D
-
101.24-;
100,30
107.28
®*leri\al 8 \ 4Vi-4Vis
3% external
100.23
101.12
106.29
107.26
108.21
108.21
5
66
*107.20 107.22
,
ft~> ./
ft"
*105.25 105.27
—
"
'
100.20
>106.21
M-S
J-D
106.23
102.10
102.15
J-D
*102.18
102.20
M-S
*103.20
J-D
103.9
M-S
...
M-S
M-S
*103.17
104.4
3$
102.26
101.29
103.5
102.21
Dec 15 1952-1954
J-D
104.18
104.18
104.18
100.13
104.6
.1953-1955
J-D
107.22
106.12
June
Treasury l%s—
15 1948
J-D
1950
!Vi»
*107.20
V
J-D
101.30
Y
101,27
101.27
101.9
;/5
M-N
>121 % 122 Vi
121%
101.23
1127/«
118
X bs
s
Jan
196)
1961
6s
assented
122
a
1962
Sinking fund 6%s__
Chinese
a
A
6s
of
6s
——
1927
WERTHEIM & Co.
A
Costa
J®
1-1603
NY
Govt.
Agricultural
St
Mtgc Bank
AGtd sink fund
(Colombia)—
i
1947
v/ P-A
1948
A-O
1968
6s
sink fund 6s
AGtd
v<,
4s
M-S
•61:
"*79%
*79%
.•■Y
(Dept) coll 7s A
AAntloqula
;__1945
f 7s series B
1945
^External
s
1 7s series D
1945
A
External
s
f 7s
1957
A
'
External
sec
s
f 7s 2d series—1957
AExternal
sec
8
j-j
1945
AExternal s f 7s series C
f 7s 3rd series—1957
External
a
s
1st
Series
*;
I external 4Vis
98
•
.
62%
' v.''
36%
36%
36 %
\
36% ' > 36 Vi
36%
j-j
36%
36%
"76%
76
36%
/
36%
A-0
30 3
a-0
f
conv
extl
loan 4s Feb
I
8
I extl conv loan 4s Apr_
eonv
tCommonw'lth)
External 5s of 1927
'
'
31
31
120
:
M-N
1949
98 Vi
98 Vi
105 Vi
104
1015s
101V2 102Ve
J-D
IABrazil
(U S ofi
external 8s
Stamped pursuant to Plan A
(Int reduced to 3.5% )
1978
>
AExternal s I b'vis of 1926
...
1957
1979
;
AExternal s f b'/is of 1927
62 Ve
1957
62 Vi
A-0
A7s
1952
J-D
1978
62 Vi
6%
1979
'• 'V
'
•
'
.»•
"a
•
17% > 23%
// 17% ft/22 >,':
////;/:
■J 17V4-
48
22%
22 Vi
>
17% >22%
17% 4
50
.
17^«
21 Vi
vi
2
125
92%
91 Vi
;
41% > 51
41%
51
> "42
94 3%.v
22
92%
37
;Y37//Y39-^h(
*106
/no'
*108%.
J-D
■%T4 ;■
70 »'.■
>1/31%
1 nn.
108
98i
A-O
J-J
96%
>
F-A
>110.
V
M-S
'W
:
963/4
■
•72
115y«
>74
115
>,81%
99 »i
101%
85
13
'80
46
.■,77
100 »i
/V.';
M-S
.
A-0
100%
101%
100
!•;'
*102
V
:oi%
ft.
■
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,-v
97%
101%
•ioi%
Y
>--/
A-0
A-0
65
•.
:/
107 3,i
78
Haiti
7s
1967
J-J
1949
102%;
*102
'
8
v_;./Y
2-v
V
M-S
.1949
6tamped.
J-D
part
paid
Dart paid
(Republic)
*50 %
Helsingfors
series A—. 1952
1aw
^
17
ext
Irish Free State extl
s
6ViS—— 1960
f 5s
•980
M-N
A
105 Vi
AMedellln
J-D
110'/2
Mendoza
69 Vi
57 Vi
72
(State Mtge Bk) 7s—_1'»57
(Colombia) 0Vis
1954
(Prov) 4s readjusted
1954
AAssented
A Mexico
(US)
to
70Vi
57Vi
72
66
AAssented
Nov.
5.
1943
1942,
Nov.
19%
23 Vi
>■'—
30%
;■/;/;
1943
5,
1942,
M-N
agree
extl 5s of 1899 «—1945
to
21
17
12,
100
*96%
112
101%
15%
33
14%
■
,
•3
96 "
i.
100 Vi
103
3
64
65/"/.
65
62
%
agree
:—
—
t
//—
'
69 Vi
12%
12%
10% V 11%
*11
14%.
21%
21%
18%
21
*16%
17%
16
18
For Financial Institutions
Stamped pursuant to Plan A
reduced to 3.375% )
>57, /; 64 X.V
External $ bonds of 1944 (Plan B)—
J4is Series No. 1
Series
No.
65
2
%
64Vi
52
65
'4'
66
52
68 Vi
C4%
10
52
Series
No.
3
64%
b5 V'a
11
52
Series
No.
4
68%
64 Vi
65
2
52
3%s
Series
No.
5
05
5
52
3Vis
Series
No.
*65
68 Vi
6.
■%_
60
ir
SECURITIES
67%
65
FOREIGN
68
?3is
3 Vis
74
•lis
Series
65 Vi
No.
*80
a-/is
Series
No.
3%*?
Series
No.
Series
No.
79
82
53
79
78 Vi
51%
78
52 Vi
79
*80
3Vis
v
3Vis
Series
Series
4
No.
9•*%
—
No.
s
61 Vi
61 %
3Vis Series No. 13
*62-
3%s
Series
No.
14
3Vir
Series
No.
15
IVis
Series
No.
16_,
ci
78 Vi
cpa
79 Vi
24
61%
9
61%
1
62"
61 Vi
page
62.
61%
61%
62" a
*62
336.
52 Vi
.
77
11
7
FIRM TRADING MARKETS
\
^ABL MARKS &rA Iwa
<
FOREIGN SECURITIES SPECIALISTS
68%
5iya
66 Vi
51 Vi
8
61%
52
68
50 Broad St., New York 4, N. Y.
66
51%
51%
67%
51 Vi
67%
34%
100%
*19
73'/a
54
Telephone HAnover 2-0050
27
30
*19
•
F
J
59 Vi
12%
94
.
'v>)•
*12%
Q-J
Q-J
B3%
95
60
31%
99
25
102
82 Vi
24
>
'
.
I
assented
AAssentlng 5s of 1899
52
20 Vi
60
106%
101
;
104% 1043'8
A-O
Mexican Irrigation—
stamped
■
*95%
>104%
J-D
73 Vi
Jugoslavia
'
*l
100
A-O
107
53
v/,/
A-O
v
(City)
'44%
'
1988
f 6s
64
*112 Va
;
1964
s
103
52
62%
61
.
(Republic of)
1003/8
funding bonds of 1931
lint
161 Yn
14
A-O
A-O
112%
115
1
96%
*102
<
/
101Y- 101 Vi
.".96
■
154
98%
96
>
A-O
98 Vi
98%
•
92//"
41%
110
105%
>
*lC0Vi 1G5 >/
98 Vi
Yi
97
r
*111%
J-D
51
72%'
•
*1133/4 114%,;
J-J
81
>
69
81 Vi
48% : 59%
■
-
I
93
M-S f
F-A
22%
39%
26
:
68%
94
M-N
20Vi
16 Vi
19
,.•/>
GO Vi
81
22
17V4 > 22%
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*50/,/
A-O
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%
6
-
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lint reduced to 3.5%)
;
37%
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:
24%
18
>50
Government—
A4'Is
VV
60
62%
'
reduced to 3.375%)
iCentral Ry)
•>' Vi/v-
*81
M-N
59 Vi
1"'
64
*57
;
A-0
1979
> J-;.
Stamped pursuant to Plan A
(Int
20%
*33
J-D
95 Vi
"60
v
64 Vi
*60
A-0
A-0
21 Vi
A-O
105 Vi
107
106 Vi
64 Vi
J-D
99 5 a
A
Y'Za68
•
9974u
ioo1; 105 V*
nnv's
,
100
Stamped pursuant to Plan A
(Int reduoea to 3^75%)
24%
>
100 Vi
107
*
•
38J
-
103 Vi
90 V's
46
105 Vi
Greek
90
■
AEstonJa
French Republic 7s
7s unstamped
95
14
107 Vi 108
119
100W- 103
182
98 Vi
J-J
J-D
97V4
M-S
1941
98 Vi
107 Vi
M-,S
1955
24 Vi
"173,4
22
M-N
.—1969
23%
17%
18%
/ 18
F-A *
—1969
5Vis 2d series
33%
86 Vi
16
98 Vi
A-O
1955
series
18%
28
M-S
1948
33%
30
•>■
4
j-j
.
33
30
8'■>
'■
101 V'a 102
f 6s
s
k 30
10
t
23
M-N
1947
*
24
r
■:] 22%
|
23
M-N
24%
83
>:/>;
22
A-O
59 Vi
Customs Admin 5Vis 2d series —1961
1st
I
25
18%
17%
/•'./■/ 1
>/
;/
A-O
'-•81%
—1953
-
5l
23 Vi
22
Vi
—1940
5Vis
30
23
60 Vi
Rica
173%
/
24 V#
22 /
81
(Rep of) 7s—_ ..1951
(Republic of) 5s of 1914—
1949
External loan 4 Vis
.1949
4Vis external debt
1977
Sinking fund 5Vis—
1953
373/4
':
--V
22
A-O
External gold 5Vis
—1955
External gold 4Vis
—1962
lADominican Rep Cust Ad 5Vis —1942
% 8A 1st series 5Vis of 1926—
1940
8 A 2d series sink fund 5V2s—
37%
34
8
1950
external «Vis
External
•:
103
External s f 7s
Belgium
—-
103
1957
External g 4ViS of 1828
34
/
/ ."'r
119
119
f-A
,/
1972
5s of *25-1955
>38-^
M-N
1972
8
Australia
>38 V/
33
M-N
1971
loan 4Vis
•
31
8
'
8
35
9"/
3 •>
11
-
,
25%
4
•
y
J-D
1948
4
*30 3i
A-O
v
,98
79
8
> /'
36%
j-j
Y
V;
27
99
■
j-j
,,
a Antwerp
(City) external 5s
1958
Argentine (National Government)—
8
/
J
23
J-D
J-J
—
(King of Norway)
Akershus
24%
F'k-nk-'
1961
5Vis
1945
A Czechoslovakia
(Rep of) 8s ser A.1951
A
Pinking fund 8s series B— —1952
I a Denmark 20-year extl 6s
.—194S
Municipal
."17%
/V" 44
24
A-O
APublic wks
Foreign
,/■;/,:/ 69
23%
\
24%
25
24
1961
—
Broadway, New York
199
24%
""
J-D
Cuba
T eletype
:
18%
23%
J-D
—1952
24
18%
2
23%
1970
(City) 5s
25-year gold 4%s
22%
17%
:
J-D
1947
18%
■
■
23 Vi
!
M-S
-Jan
70
"I
"•/v
17%
;
■
23 Vi
24
J-D
—1951
-Oct
36
18 Vi
23%
A-O
—1960
111%
f'r<
'
A-O
1961
—
iu%
24%
?•'
Vw-»;
:
M-S
1957
.-
/
•
1928
of
M-S
1957
109%
101 %> 102 %
•
ly-
.
Coptnhagen
V
120
97%
83
24 Vi
23 Vi
M-N
3s
REctor 2-2300
95
63
79.
23
4 23%
M-N
external s f S bonds—
AColombla Mtge Bank 6VasA
Sinking fund 7s of 1626.
a
Sinking fund 7s of 1927_.
Foreign Securities
24%
24%
1963
(Hukuang Ry) 5s«
(Republic of)—
Colombia
>
23%
>24%
—)963
'
A
—^ T
23
J-J
Y - /• •
•
■Xi".
63 Vi
J-J
Jan
assented
sinking fund 6s
A6Vis assented.—.—.
1961
sink fund 6s. —.1961
a6s assented..1961
AGuaranteed sink fund 6s
.1962
J A6s 'assented
ii
.1962
A Chilean Cons
Munic 7a—
.1960
p
Members New York Stock Exchange
■^03
6;
106%
24 Vi
F-A
—
Telephone
83
10
23
24
F-A
! jV; A7s assented—
/
-
:
*21%
A-O
1961
—
J-D
94 %
80%
111 Vo
23%
A-O
1961
Feb
V; A Guaranteed
.1980
94%
2
>
;
23
.
assented
AChile Mortgage Bank
6%s_.
a6Vis assented.™—.
101.19,:
City/
Corporate Btock
95
111% 113
M-N
1980
—
Transit Unification Lssue—
3%
103%
100 Va. 105 Vi
80%
'■>•/;/;
82%
*
1942
AExternal sinking fund 6s
A 6s
assented
•
100.26
4
101.30
103%
95
».
94
>
Vi
95%
80%
*101% '£ wV 'r' rh
1942
A 6s assented
106.12
/'.ft'
t 7s
8ep 1981
Sep 1961
AExternal sinking fund 6s——1962
A
104.4
104.17
s
J-J
sinking fund 6s—.—Feb
A 6s
103.1
VioO.17
104.14
104.14
97
25
93
111 /
J-J
6s assented
A Extl
103.30
100.25
,103.1
*104.12
104.15
a
ARy externa)
103.16
J-D
■
66
> y/y/l
H-'> 15
'
111 Vi
'J-J
<i7s assented
A6s
103.8
102.10
(Rep) External
1961
1948
—195a
xoo*
—
15
(City) 8s
AExternal sinking fund
6s.^-—1960
A Extl
102.26
%
104.4
104.4
J-D
Chile
i
A-0
-Jan
Carlsbad
>
102.27
;*103.21 103.23
,!w
>103.27 103.29
M-S
A
104.24
102.20
r.«5
103.19
A
102.9
104.24
103.22.
103.9
of) 30-yr 4s
3%s
2 Vis
1
103.28
102.3
> *103.12 103.14
■
/■
102.26
102.11
*102.9
J-D
Y
(Dom
25-year
T -rJ
100.27
100.18
37
t
101.12/
'. ,/•>: 15 n 100.15
102.13
,
Canada
105.1
100.27
J
68
:
>■
^
109.24';;-
*109.22
aft bonds
67
53
:..;/; 5
92
M-N
103.4
"
93%
91%
:> 93
External read) 4V's-4%s
r 52%
2
95%
91%
A-O
—
102.3
103.14
95 Vi
F-A
f 4Vi-4Jis
s
2
j,/'
/
M-S
Refunding
68
51%
•••jV'.V
M-S
102.2
65%
2
>
;
104
102.9
f/
:■
,101% 101%;
102.7
67
51%
v
102 Vi
104
68
51%
52
62%
100.15
100.18
102.26
102.30
Gl%
*
F-A
104.6
102.10
28—*
M-S
68
51 Vi
u.,\M
62%
100.17
2
*108.19 108.21
62 3i
*62
stamped
.'i External s f 4%-4%s__
en
::
100.10
._
:
>
"51%
1
:•
/
•
62%
(Province ofi—
a 6s
62
V,,f:
J-D
Buenos Aires
."
62%
62%
'
30
Sinking fund gold
102.17
67%
61 Va
62Vi
f 5s,
s
66%
51%
Vi
*62 >/
Sinking fund gold
;
108.15,
1 03.4
100.18
(City)
66
52
*62 /
103.2
J-D
Sept 1950-1952
—1951-1953
York
Series
26
66
51%
+--+
61%
61%
>
27,
No.
104.6
*
M-S
June 15 1952-195%
New
Series No.
105.24
107.1
1
104.12
J-D
March 1950-1952
—-
Series
3 Vis
^3Vis
100.28
;
5
104.17
" ,104.12
,
M-S
—1951-1955 "
3%s
6U
51%
62
>
*62
3%s
107.25
105.19
'Y
104.21 104,31
—
,
J-D
J-D
__
,
104.24 104.24
J-D
2s——
2&
■
25_
v
;
107.15
106.28
24
No.
68
'
62%
61%
No.
Series
*
62%
*62
3 Vis
116.16"
106.6
*105.18 105.20
>_Sep 1949-1951
Dec 1949-1951
Treasury 2s
3%s
f
67
"51%
62%
23
High
,59
29
;
62%
*62
No.-22
Low
.
*62
21
Range for
Year 1945
No.
61%'
*62
20
No.
Sold
>
*62
V
l'£
■'ft,
110.7
*110.5
„'
104.24
M-S
1959-1962
107.17
Dec 1948-1950
2s
2s2s.
Treasury 2s
Treasury 2s
Treasury 2s —
:
113.2
-Y/.Y-
,
_Jun 1949-1951
Treasury
treasury
■
J-D
;
113.20
No.
Series
1
Bonds
u
High
61%
,
19
3 Vis
104.23
*106.14
.V^w'
No.
// 3V4S Series
,;
110.15
112.10
112.21 113.30
118.23
■3
M-S
Y
108.27
1
Series
3Vis- Series
'*
105.14
—
;.
>%•/%.;.
116.10
?/*116.29 116.31
'•//
J-D ft,
Mar 1948-1950
Treasury
TVf^sury
106.11'
3";
*109.23
.
—1947
Treasury
Treasury
Series
Series No.
Dec 1959-1.962
—.June
2s
Treasury
3%s
3Vis
„*116.8
J-D
-1956-1959
Treasury 2s
Treasury
114.25
M-S
.1954-1956
Treasury
112.17
M-S
»
,11951-1953
111.27
*118.21
—
Treasury
Treasury 2 Vis-
103.19
111
J-D
—
Treasury
10~3~19
111.20
M-S
—
Treasury
Treasury
Treasury
Treasury
101.2
3%s
•
*104.11 104.13
109.25
—
—
—
J-D
•
Treasury
:f;
108.30
115.26 115.26
Low
.
•
101.4
;
.
J-D
—
103.27
103.20
*101
%:l-1
-
V''
V
M-S
,
•
'■
J-D
....
109.24
100,30
101.14
Range
Friday's
or
Bid & Asked
(Continued) ;
External $ bonds (Continued)•
3%s Series No. 17-.,„r.._
>
3%s Series No.: 18
*111.18
--
M-S
.1951-1954
2%s~
.1956-1959
2%s~
..,.,.1958-1963
«%s—:
—.1960-1965
2%s—
1948
2VaS—
1949-1953
2Vis—
—1950-1952,,
2Vis—
—1952-1954 '■/
2Vis—
.1956-1958
2Vis—
——1962-1967
2/as
563-1968'■
2 Vis 2 Vis- ——June 1964-1969
Dec. 1964-1969
2Vis 1965-1970
2 Vis 1966-1971 ■
2 Via June 1967-1972
2Vis—
-Sept 1967-1972
2Vis—
Treasury
-
Last
Sale Price
Brazil
High'
106.13
Interest
Period
*101.2
I..
: l w
M-S/ ' /./'W
1951-1953
1955-1960
__
No.
106.13
*106.11
J-D
.1946-1948
3s
3s.—
Treasury
Treasury
High
Low
of
year.
Friday Week's
Exchange
\
*108.29
j-d
.1949-1952
BONDS
Low
kraaaaetteas
me only
are
me range for the
t
18
New York Stock
Year 1945
*100.16 101.18
.
..
'
WEEK ENDING JANUARY
Range for
Bonds
Sold
Friday's
or
Bid & Asked
•'
Treasury
FOR
Week's Range
Friday
BONDS
York Stock Exchange
New
-
for Income and defaulted bonds. Cash and deferred deliver* »t—
the regular weekly range are shown In a footnote In the week In wHloh
No
italic letters In the column headed 'Interest Period" Indicate In each case the mdnth when she hand# mature-
NOTICE—Prices
th«
Monday, January 21, 1946
Teletype N. Y. 1-971
t
Volume
Number
163
*
4457
THE COMMERCIAL & FINANCIAL CHRONICLE
N EW YORK BON D RECORD
RANGE FOR WEEK ENDING
To dealers, banks, institutions, lawyers,
individuals,
offer
we-
executors and
for quotations on
services
our
JANUARY 18
II. ». KNOX & CO.
Telephone;. Digby 4-1388
; ; Teletype:
NY 1-86
ESTABLISHED
'
,
New
BONDS
York
Interest
v..'.©>
•7-
Week's Range
-
v/'
Low
>
/ ;
Assenting 4s oi
^Assented
-
A Absenting
1954
iyii4
Nov.
to
5,
1942,
w-1945
6J/afl_t_
s I
I*
j.j
.
_._195l
6
(Int
reduced
Alleghany Si West 1st gtd 4s..:
Am Si Foreign Pow deb 5s_
9Va
' 38
17 Va
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..
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30
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\
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V
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.
2012
2%)
to
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6
©
36
<
.
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1956
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1
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•
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36
;
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secured
a 76
"
7
series
..1962
extl—
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A
3%s-4-4V»%
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,
1955
F-A
F-A
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>/ i
external 7s__
and
.1984
1958
Companies
;
>
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4 "
1907
...
•
Alabama
Great
Southern
1946
3%s____l967
Alabama
Power
1st
3Vas
Albany
6s
;
assented
warrants
90 7
90 ¥
A-O
X-O
mtge 4V4fS__.
For
footnotes
see
,-.._____T975
page
336.
;
:
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24
15
27
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19
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:
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103
104%
101
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107
109
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107
106
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81
81%
82 Va
-
98
:i
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,
106%
»
103%,
80%
•
67%
-
84
63%
103% 108%
106%, 106%
106,'A. 110A
105 % 106%
107 %
?1G5
.1934
deposit
of
1952
1st 4s
.1955
5s
.1960
—1968
M-N
3%s^
gold
gold
gold
43/4S
"
116%
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i
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'
f
J-J
•
■
-
-
1965
1981
Celanese Corp 3s debs._J_i^.__-,i._1965
i" ACent Branch U P 1st gold 4s
1948
tCen'-ral of Georgia Ry—
A 1st mtge 5s__
i_Nov '1943
} A Con sol gold 5s
1945
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1959.
A Ref & gen 5s series C__ J__^_._1959
;?! AChatt. Div pt:r money gold 4s__l951
A Mobile Div 1st gold 5s
1946
Clinch & Ohio 4s
1st gtd gold 4s
.1966
New Eng 1st gtd 4s—.^.1961
tACentral of N J gen gold 5s
1987
A 5s registered
——1987
4s
19H7
—1987
;..
registered
^^..1914
Central Pacific 1st ref gtd gold 4s_1949
Guaranteed gold 5s__;
—1960
1st &
N
Y Power 3s
ref series A
(4Vt%
118
116'/8
121%
115%
121%
>ii5.©ii5.'v
112 »A
115
102% 102%
115
:
102%
107%
112% 114%
•967/e
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122 ?r;
121
v'::',v
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7-*':;
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121%
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97
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•
1949)..
v
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..1974
106%
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78
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e
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80
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39
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51
48
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103%
103%
103
103%
58%
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14%
•
24
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J-J
s«
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^
25
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'
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101-
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A-O
•
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116
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....
,
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117%
117% 117%
i
of deposit
& Adir
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122%
115%
A-O
J-D
120
116%-116'/a
.
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112
116%
«
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108%
103%
=•
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122% 123%
) .'© 120'/a
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106 V*
nos %.*,.«
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ElecPower
Oregon Power
v:
©*# 13
96
61 Vt
1,062
38
Va
1,381
■X 324
36
52%
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48%
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60
46'A
55
55
35%
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105
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J-J
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.
:
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112
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'
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70
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88
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•
79 y2
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1972.
89%
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modified
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.
^^
t
1948
fiz Susonehanna RR 3%s
'
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110
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214
94%
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1951
...—..—.1951
.
107 V*
99%
..;©"©
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100%
:
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124
105
' v
M-S
1947
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j
.
107
51
103% 104 Va
debentures.....^.........1969
Certificates
72
*
JAbitibi Power & Paper—
SA5s series A staniped_._..__11.953
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,
-
\
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F-A
104
118
•
,
J-J •
F-A .1:
.1958
Industrial
'
W
'
\ ' *■
8814
»
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A4Ys8 assented
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M-N
J-D
(City)
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J-J
26%
87
M-Vtz
1979
1978
readjustment
y,
'
•
extl conv_J....__._..1978
3V2i extl readjustment.......
AWarsaw
.
"98%
115
'
© 96Vs
J-J
.1970
1955
Guaranteed
4V2s
1956
Guaranteed
4%s
1951
Canadian Norihern Ry deb 6Vas—1946
Can Pac Ry 4% deb stk perpetual.:
ftaCarolina Central 1st gtd 4»
1949
53%
100
'
;
-
%
1937)—
conversion......
...1950
87%
©;
16%
-
..
46%
105 V*
' ". ;i:;_
• ;>
©103%
'
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.....1959
gtd 5s A__^J962
Canadian National gold 4%s.^....l957
V\ Guaranteed gold 5s
i
Oct 1969
—
1
'
'
Jif-N
readjustrnent..^...—1979
'4-4%-4%s extl
:
bonds of
($
1
J-D
-
f
Guaranteed
.....1964
AExternal sink fund 6s...
j-D
Guaranteed gold 5s
J-D
-
1958
Uruguay (Republic) extl 8s—...1948
AExternal sink fund 6s„_.
1960
k
(Int at 1%%
due....._.t...l999
Canada Soutnern cons
M-N
.
1958
—
A-O
J-D
stamped.....
California
*•.'
W-N
•
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50
.
101%
102
106% 107%
106%
A-O
i,^
Feb 11960
ACertificates
"Calif
58
A-O
„
(Kingdom)—
sec
B
A4%s assented.^
■
Sydney (City* s f 5V28__—...
v,
•
•
.1978
externa
(Prov of)
ASUesla
i
to 3.5% )^.
reduced
102,
115
34%
' 37%
37
M-S
110
96%
42 Va
58
,
'n-
©
44
104%
114% 114%
43 -'%44
114 Va
J-J:-;©©:
(int at 1% tov'
due
...1995
1946)
1
Consolidated
1
•
.
Bush
;
57%
48
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J-J
-Yi-
104% 107%
110% 111
55
39
J-J
-
125
■63
40%
©
123
116'A
ill fissi ©©© "©©;;©©©;'©
July 1948
,
gold (Int at 4% 'to'-.'
1946) due._..___July 1948
Bush Terminal
45%V 62%'
©42'-.©
7©''©/':
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106% 106%
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©
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40
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Vi
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37
■
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:
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106%.
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1954
i-,©"
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-
.
,
125% 125 Va
RR—, 1
1946)
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4
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'■
124
124
107%
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Buffalo Rochester It Pgh Ry—
.
42
37%. 45%
t
;
Stamped pursuant to Plan A
<*\
(Int reduced to 2 25% )_i___2004
50%
41
-
-
Stamped pursuant to Plan A
(Int reduced to 2.5% >.^...1999
extl water
•133% 134%
134%
,
.
f
•S--
■
-
42%
|
-
Af-N
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(Int reduced to 2.5% ).^^.
1999
- J-J
A 8« external__7^^___.^. ..^.^..1950 ' ^777 J-J
A7p
■'
107%
102%
125
105
mtge 2%s ser 1.^..... ;-4i.l970'
:1st 5s AC
.....1967
1st M 5s series II
1955
1st gold 4%s. series JA..——.1961
1
-
'
106%
©
105
1st,mtge 4s series RR.
—1960
Alnc mtge 4%s sez A
July 1970
JABoston Si N Y. Air L 1st 41953
Bklyn Edison cons M 3%s___._—.1368
; Bklyn
Onion El 1st gold 5s
—1950
Bklyn Union Gas 6s series A^^__.1947
;'" Gen bitge s f 3%s——_—..-1969
„
.M
104%
18
• ©©© ;■
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.
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fii
106
Boston Si Maine
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VA6%a extl secured s f..A^.__..^1957 • ,v*
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,
,
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•
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,
3%s
1951
5s series C...1960
Beneficial Indus Loan 2'As
j.1950
-
Pe external sink
A.
Beech Creek Extension 1st
■
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4V2s
ref As..:
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-
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•
(Int reduced to 2.25% )__--2O04
-
yy;
M-N-
M-N
•:
Bell Telephone of Pa
-
:.j9t>8
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Rj—
July 1952
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50 V*
©
.
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v
external sink fund gold...
Line
4s
/
to Jan 1 1947) due
Toledo Cin Div ref 4s A
4s
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1_.1866
Stamped pursuant (a Plan A\
• (Int
reduced to 2.25%)___.2004
,
:
101 ya
42'/8
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(Int reduced to 2% )
—L..2012
■
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7
102% 102%
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.
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.1951
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•
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1921^... ._^.___^194e
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1st
due
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1953
■>
1
to Dec
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,
105%
105%
92%
102
94
J-D
...1946
gola 5s
Ref Si gen ser C
2001
(State of)—
extl loan of
A8s
106%
7i
M-N
Ref & gen ser D (int at 1% to-";
Sep 1 1946) due
.;
^..20Q0
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Sep 1 1946; due
1996
;
,
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2012 :
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Ohio
mtge
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:
,
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sec
100%
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101
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lst
;
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,
101
;
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.
2001
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© ©"
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,
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.1947
Janeiro
103%
103V4
105%
95
NOV-:-©","-;;!
,
...1995
V.-.O.
1st
7%s..t1952
de
101%
105% 106%
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gold -4s^.——.....1995
unified
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;
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aRjo
&
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Queensland (State) extl 6s
;
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mortgage 3%^
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2.25% )i„_.2006
to
65
•
'
%?: AExternal loan 7,/2S...__.._.w-_196a
;
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f.
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(Int
due...
1953
1961
to 2.375% )._
101%
100
38 Va
1963
..
155
10O<
131
debs
.—1948
gold 8s_...1950
A4%s assented
103% 105
105%
M-S
series E______.
income
Atlantic Refining deb 3s.l.^
1968
......
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tint reduced
•
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Atlantic As Danville Ry 1st 4s
Second mortgage 4s
;1947
:
103%
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4
Q-J
...1595
General
;?
1958
A Porto Alegre (City of) 8s...
Stamped pursuant to Plan A
•7-
30%
V
J-D
116
107
„
,
104% 105%
Jan
,..©1995
Charlotte
1st
105%
*--©
:'f:s
-yyii
Co
cum
Atlantic Coast
^1961
41/2s assented
a4
A
1
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&
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v
gold 6s__..._1940
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;>
M-fif
.1959
1st ser_...tl960
207
153%
151
"104% 1053/a
105
105%
A-O
196';
gold
(111)—;
Atlanta
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(Int
94
100%
95
©ivV:iii© S
48
...
1st
Nor
98%
105 Va
-
.1947
f©
A-O
...1962
3s
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100%
108%
89%
4
167
107% 108 Va
108
v
r*vvv 151
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101%
95
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y
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i
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;
'(Subordinated)
107
88
*101%
-
M-S
1975
Year 1945
Loio
.v,©"©©\
F-A
Atchison Topexa & Santa
106 Va
©© 98%
106%
*101%
M-N
J-D
...1967
7sj.^
of!
(State
iS,-- i_ ''i
M-N
:.._1994
to.
ext
ref 3J/as series B._
APemambuco
e
101%
y.-y
.■
•
m-s
"
103 Va
100 Va
■
*100©
A-O
t 5s ser A_ 196:©
A Stamped assented 5s..;..._._1963
Stamp
7
106
103
97
'
18
106% 106%
-
.
J-D
1959
:©
97%
1C6% 107
106%
y
.
M-S
.:>■/ •©;-.
Sold
No.
High
100% lOO'/t-
.7
v-n;
©101% 103'/a
103 Va
©"A-O'
M F-A
f 5s..___:.1970
s
(City) sink fund 4%»—
$ a Panama (Rep) extl
130
•
Municipal Bmk extl
Oslo
125
101% 101%
107
1963
__
Arbor
1st
•
"Si-S'-
1965
loan
[''
X
M-3
sink
118
125
v' ©j V
*120
_
A-O
External
'fobacco
Armour
41
;
.
F-A
1958
s
125
.
•4 •©,'
...
1957
(Kingdom of) 4%S—..____1956
Norway
4s
t
+
J-D
M -N
>
©
1___
©'
©y
debentures
3s
47%
,
37
'V
(State;
....1956
'
...
.
...
AAnglo-Clnlean Nitrate deb
4y2s
1959
dencntures—j
debentures
Amer
©
46
■35%
_T_1952
a
1 5s
s
External
7s
Z~.
Wales
Soutn
External
.
(City)
A_
series
©'
Telephone & Telegraph Co.—
conv
2%
,
.
2030
A-O
© 2% s -debentures
#18%"
i/-a
A Sec external s I b%«.: •
...iyoa
Stamped pursuant to Plan A
tint reduced to 2.125% )._-2008
American
3s
2.125% ).._2008
to
13%
12 Vi
1998
Range for
Bonds
Friday's
"
r«-*,
V ©©'■'-:■'©
.
,
•"©
<»u
.
or
Bid Si Asked
Lota ■'
18%■£
Stamped pursuant to Plan A
;
•/
'
•15
-
agree , 1
Mlpaa ueraes tBtatej—OV)
•■-'"©
"
:©,■ a Sec exiernal
.*18V»
&
©'A Assented to Nov. 5, 1942,
•
10%
n
J-J
v;-
.
,
12%
11
12%
>;
agree
4s. ol miG
AAssented' to Nov.;5, 1942, agree
lA lreasury 6a oi 1913 assents. 1933
.
Last
*
Sale Price ;
High
2
■r
"
Period
Teletype—NY 1-310
Week's Range
Friday
Interest
Now- York- Stock Exchange
Year 1946
No.
High
Low
■
Range for
Sold
Mexico—(Continued)—
A
New York 6
Bell
BONDS
Bonds
.
.;; or Friday's '
Sale Price - Bid & Asked
-
Exchange
>
Telephone—Digby 4-4933
'■© Last
Period-
•
Broadway
York Stock
New
Member)
61
1926
'©■© Friday
v
Exchange
Stock
PFLUGFELDER, BAMPT0N & RUST
Boston 9
Telephone: Capitol 8950
Teletype: BS 169
i©V/r
':-;:©©"
St.,
State
27
Broadway, .New York 4-
11
Securities
Railroad Reorganization
OVER-THE-COUNTER SECURITIES
4*
103%
107
106
109%
96%
106%
107% 111
;
|
■"
BONDS-.-
New York
.y
Last
Interest
•
or
Year 1945
"
,
§AContral RR
Banking Co—
&
i
*
\
-
■
1996
1946 f.
J-J
1989
j-j
*
2d consol gold 4s___.
;
1989
JACLicago St Alton RR ref 3s
1949
unicagu iiurimgcon &, ^uincy RR—
J-J
.1996
Potts Creek Br 1st 4s.
1st dbns gold 4s
R & A Div
■
General 4s
2
J-J
6s series B_
-105% 105%
conv
J-J
122
25
V
102%
105
2nd
1st
60
33
97
132
$
—
90%
;•
32 ;
65%
~H
5
117 % 120
J-J
45
127 ' : 127
*
#
7
9574
95"
;77Vi
79%
j-j
-
m-N rii i
f:
188";
*107% '*
—
-
10374 104%
yyy
1999
4%s
—;—1989
92
j-j
F-A
68%
-
'7
68%
; •y
M-S
M-N
J-D
1951
1960
Income guaranteed 5s
-Dec 11960
A Certificates of deposit
J-D
32%
-
S-""' ;■
L
•
•
•
"
iAChoctaw Ok St Gulf
1952
4"s
J-J
j-j
V'*1
n
M-S
57%
57 %
1957
A-O
57%
57%
>.1952
Af-N
-
y ;■ 92
Terminal--..
'f -V *
•:
mtge gtd 3%s series E
1969
F-A
Nor 1st ext 6s—-.1934
105
1993
J-D
J-D
J-J
98
J-J
91
1990
1970
J-J
St
Pittsburgh RR—
Series C 3Vis gtd
A General
102
Gen
106%
3ya"s
mtge 3%s
mtge
.'Gen
98 Va
Gen
97
'
J-J
108% 109
11
104%
109
_1980
J-J
107% 107%
10
106
111%
—1990
J-J
106
22
105%
106 y4
.2000
J-J
103%
104
1973
107%
——1977
A-O
10774
107V4108
1958
Conn River Power
;
110
■
81%
debentures
3Vis
1951
,—1961 y
debentures
1948
1956
i.
*115,
—1955
|ACuba Northern Ry 1st 5 Vis
A Deposit
receipts
ACuba RR 1st 5s gold
1942
—
1952
deposit
_1946
rets—
1946
Curtis Publishing Co 3s deb—_l«5i
"Dayton Pr & Lt 1st mtge 2%s____ 197§
Dayton Union Ry 3 Vis series B—1965
2%s debs
102%
76
103%
1st
St
ref Term
M 5s
&
1
5s
mtge
jDenver & Rio
IA 1st
consol
§ A Consol
J-J
af-n
Household
J-J
r
Hudson
9974
-
101%
106
K;
115%
105%
109%
107
68
1st
108
104% '
104
-V;
•-
yl71%
73
-y I":' r-V ■*- •
106%
104%
;
I
J-J
103% 103%
>
J-J
J-D
A-O
48%
48
.7*' " --'"i/y
.*86
y/I'147%
J-D
W-
-'•'i
47%
*48%
"y.
|
y
K
112%
J
107%
50
I 102%,
4
58%
57
V
v
75%
:
"IOOV4
102%
yv,
40 V4
50%
..y
80
85%
'U ■-*
:•
50
'''
1
47 Va
;
50%
102% 103 74 y
g
15
!
40%
41%
52-
1
50%
y 41
100%
103%
j-j
—1951
A-O
A-0
m
y
,,
0
•
?
v
105 %
105 % 106
1951
Af-S
gold 4s_-
—1952
1956;
103%
10574 105 %
105
69
Jf-N
101%
Af-N
65%
65%
67
70%
70
71%
105 vi
104%
102 Vi
13'
105%
6er
10074 101%
Light
Grande
3s
1973
A-0
*107%
31
57%
23
84
102%
106% 107%
30
94%
109
96%
225
F-A
,_1950
62 Vi
J-J
F-A
.—1951
4s
j-j
76%
74
7874
1936
j-j
78 y2
78%
80
59
75
54
61
76%
—1978
series F
1965
Gen St ref mtge 3Vis series G
& ref 3s series H
F-A
18%
15%
1874
240
5%
18
15%
18%
1,413
5ya
*103
1951
F-A
1963
j-d
1st & ref 4%s series C_.__
1963
1st ref mtge 4s ser D—.—_—1963
97%
99
J-D
93
93 %
J-J
*105 %
1st
ref 5s
series A.
73%
69
74
243
54%
A-O
1966
J-D
Detroit & Mackinac 1st lien gold 4s 1995
107
M-S
1970
j-d
Gen
A Second
Detroit
gold 4s
Term
St
1993
Tunnel
4 Vis
j-d
19el
Af-N
Dul Miss & Iron Range Ry 3Vis
tSADU Sou Shore & Atl gold 5s
1962
J-J
1st
M 3 Vis
"W
For
footnotes
see
page
336.
117%
68%
11
47'-
11774 11774
•.
3
r
•*10674 108%
'54
~i
'10474 105
34
...
54
: 108%
10674
;
109%
106
17
46 Va
47
104%
111
106
109%
67%
j-j
1961
109
A-O
1937
Du(mesne Light
107
*109 Va
71%
109
48
66
28
'
"
47
: " 106% 106%
45
71
108%
105
97
106,
269.
81%
103%
193
76%
8
A 1st
——;—11952
6s series A
A Adjustment
5s
6s
series A—July 1952
.1956
series* B_
————1955
Debentures 5s
101% 102%
102
98%
j-d
73 Va
112
112
J-J
91%
j-j
j-j.;
j-j
-
•
87%
50%
49%
85
85
97%
96%
j-j'
103 J3
10313 10311
Af-S
105%
105% 107% V
'100
Af-N
F-A
"•
_.
102 V 103
102 y
105%
105
89%
54%
58%
85
i
74%
97%
102%
105 Va
■i'\ 17
106%
111%
-;
~
tr'-r
^
10574
84%
58%
.7
t: 147
A-O
J-J.
62%
28%
39
y..i4
82
98
108
287
;
;
96%
..
106%
:
149
91%.
51%
83
85:-.
3i
y
87
'
75
:> ly-mm---
106% 107%
A-O
A-O
||l
•
*111
M-S
99%
93 Va
106 %
105
/
1959
j-d
1961
J-J
St
Laughlln Steel 3y48—
9874 ' 99%
99%
.104% 105
105
4s_T1990
E^nsas City Fort Scott & Mem Ry—
f A Refunding gtd 4s__^
—1936
,
of
deposit
Kansas City Southern Ry
107% 107%
A-0
i
a-o
*81%
—
1st 3s_—1950
Ry 2%s
1974
Kentucky Central gold 4s
1987
Kentucky & Ind Term 4%s
—1961
Stamped
_:
;
.—.—1961
A-O
105%
y 125
148
"
\
105
102
,<
95%
103%
99
105%
.
.5
d;
I 39
88%
1,12
102%
104%
103
107%
99
*104%
_9
93
103%
__
118%
93%
91%
107
104
122
J-J
*107%
101
107%
.'^V .:
*105% ..'iC'i-
104
109%
102
102
Lake Sh St Mich Sou gold
3%s_—1997
1997
—
78
84
65%
173%
188
105%
102%
105%
4%
10
4%
8
110% 111
105%
111
*107% 109
102%
109
*__•
106
4%
J-D
J-D
111
79
5
A-0
A-O
Jf-S
62
65%
*109%
J-J
registered
78%
*120%
1961
—1997
1964
1959
3%s
35
J-J
——1961
——
V'S
J-J
4Vis unguaranteed
Kings County El L & P 6s
Koppers Co 1st mtge 3s
JAKreuger St Toll 5s ctfs
—
84%
105% 105%
A-O
J-J
Plain
83%
4%
J95
110% 117
105% 109 74
104 Vs
103
;
100%' 101%
99% 105 Va
•
*104%..
Kansas City Terminal
19
A-O
89
*104% 106 %
J-J
ACertificates
21
F-A
1955
104%
82 Va
,
K
;
276
103
83%
1
3
J-J
Kanawha .& Miqh 1st gtd gold
109
95%
14
;
:
;
i
<
1936
4 Vis
101% 102
101% 101%
1951
105
106
RR—
102%
99
103% 103%
101%
j-j
106
100
♦105% 111'/a
gold 3s—
96%
% 74
'} w
67
—
94%
95'/a
*102%
78%
239
105%
102
103 %
Jones
94
84%
103% 104
102%
iv 37
102
108 y4
13
106%
106%
James Frank! St Clear 1st 4a
C
108
88%
M-N
j-j
10574
98
75
89%
77
•
M-N
1952
1966
1st
101
111
106%
105% 106%
J-J
Div
'
70
105
fS
M-N
103 Va
101
;
*65
A-O
107%
103
,
1953
3 74 s
A lti gold 5s "series C
——195ff
lAInternat Hydro El deb 6s——1944
1;
*103% —
105%
If-N
102% 105%
..
—1955
lines
Int Rys Cent Amer 1st 5s 6
,.1972
Int Telep, St Teleg deb gold 4%s—.1952
81
"
J-D
80
103
*i03ya'--
j-j
J-D
A 1st
51%
v,
%.
87
■''30::y::d45d&F;>
11
106% 10774
107%
*105%
•1031/#
-
;
115%
,
64%;
•
■
1950
1956
Indianapolis Union Ry 3%s ser B-1986
Inland Steel 1st mtge 3s series F—1961
^International GTeat Northern RR—
v
my
6iv?
49%
'
-
Ind 111 & Iowa 1st gold 4s
tAlnd & Louisville 1st gtd 4s
102%
104
.,
3s__——1951
Joint
t
74
y
eovi
88
72%
711
■
•
>
45
■
'V
-lot'yy
Ill Cent and Chic Bt L St N O—
;
'.V;;v :_y y y
-
40%
Springfield Div 1st gold 3%s
Western Lines 1st gold 4s:.
Registered
;
74%
61
47
45
Bt. Louis Div & Term gold 3s——1951
Gold 3%s_;>
;
.—1951
103% 104%'
A-O
Omaha
10574
57
#y\ 15 e
100
113
Louisville Div St Term gold 3yas_l953
M
,r
103%
104% 107%
£
.
176
.
'
144'A
7*98.'-:-103%^. V,
U-N
J-J
,
Cairo Bridge gold 4s
Litchfield Div 1st gold
|
102
5
4
80
I 40-year 4%s
134%
101%
110
v
103 Va 103 J/4
*59'/a
■-tf
i-7
7
73
83
76%
J-D
''
!
©■
93
81
78%
gold 3s sterling—
Purchased
111
9
;
52
81% ;
Refunding 5s—
r;
105%
yysy
72 74
106% 106%
division
&
4$
98%
110
137
102% 103%
10374
■
"5
101
101
.
HI
?
F-A
A
Collateral trust gold 4s
114%
105% 108%
i-LH'''
\' -i9.'y
271;
10274
72% .73
V.;
—
•''H
i'.y- 1 y
1st 5s
Refunding
111
116
m'-43.
"
—
1957
>1949
Income 6s
Collateral trust
106%
114
109%
106
1970
1962
A
■0 Extended 1st gold 3%s
107% 108%
is
:
*139%
Feb 1957
series
; 1st- gold 4s:.__i_- ^ , 10S1
1st gold 3%s^_—1951
2
"4
Corp 2%s
f 5s
s
Illinois Central RR—
86%
103%
39
140.
J-D y.y-'y.rV,/. l£y -<■
Co—
impt 5s series B___
Detroit Edison
102%
104
107%
168% 108%
J-J
Dllnols BS11 '• Tetejp>:
108%
52:
1st
St Manhattan
a AdJ
109
A-O
A Assented
A Ref &
18%
1
107
Coal
Hudson
106% 109%
107
Finance
Hudson Co Gas 1st gold 5s
91%
,,
104%
1963
f 5s
s
106%
J-J
1969
M-N
' 122
83'
JDenver & Rio Grande Western RR—
AGeneral
101%
98%
1955
stpd—
Hocking Valley JRj 1st 4%s_i
*_Jl99»
tSAMousatonic.Ry cons gold 5s
1937
112%
80
.
—
J-D,
—May 1 2042
gold
42
'
Gulf 8tates UtU 3%» series D
102%
1973
RR
due
Essex
Power
106
104%
; 102
«p»4a.
—1993
West
Coll tr 4-6s
Delaware
;
A-O
103%
Y, Lack & Western div
&
106%
91
1965
Delaware & Hudson 4s extended
Morris
104%
98
Internat Paper'Ss series A St B—1947
Ref sink fund 6s series A—1955
Income
102%
27
;;'VV 7 "1
102
.K'-su\
M
#10
14
29
; Vy''
105% 105%
M-S
—_.
rets
106
102
;•
—_
receipts
A deposit
ref
'M21
104%
16%
102% 103
;
32
'
'
'
J-J
1956
Continental Baking 3s debs
Crucible Steel 3Vis s f debs
&
V
17%
104
103% 104
yyys-
*111
J-J
2yas__1975
—1965
mtge
y109
A-O
1955
1st
139
109
;'y. y'y-y
A-O
1954
Ry non-conv deb 4s
Power
al39%
J-J
4s
1st
84
"v.
102%
—
J-J
F-A
—1958
4s
N
74
13
:'
104
Gen mtge inc "5s series A
1st & ref 3% a series D
Gulf & Ship Island RR—
107
•
*106%*
y' 7
110% 111%'
:
F-A
debentures
3Vis
Lack
T&iiJ
106
16%
Feb
16'
16%
*16%
A-O
V
UU :
80% 82 % y
103% 104% y
•; 103 Vi'
J-J
1977
f 3%s A
s
3Vis
Delaware,
•:
j-j
1
'
^Consolidated Edison of New York—
Deere & Co
105% 105%
%.
Feb
B
106%
1969
5-f.
109%
A-O
3Vis
B
107 Vi
2015
H 11
109% 110
107% 108
3s
ser
103%
59
3
106
109%
A-O
series L
d Conn Ry & L 1st & ref 4Vis
A6s
20
58
Commonwealth Edison Co—
ser
112'/a
107% 107%
107%
106%
173
109
F-A
Deposit
130%
109%
53%
•■■*115:'..
1955
A
137%
121%
110
:52%
'
A7Vis
128 >/a
3
"3
110
105%
,
—
A-O
;
136% 136%
*128 & 129
j-j
122
99
;'V'
,
M-S
ADebenture
123
.-1975
-
91% y
A-O
1970
Consumers
102%
118%
13
Gulf Mobile & Ohio 4s series B
64
.'•yy.
98
-
1961
1972
Columbus & H V 1st extl gold 4s„1948
A Debent ure
102 Yb
67
*104%
Columbus St Sou Ohio El 3 Vis
Columbus St Tol 1st extl 4s
>
102%
100%
18
—
h
'
91
Va
*106%
J-J
t A Consol
116
£
6
106.
.
Af-N
debs
104%
58
91%
'
111
■
107
yKj-j''. •wWy'.-.'v';
1980
mtge
j-j
'
'•
108
S
F-A
1961
1st
:
116
5
—
M-N 0
Columbia Gas & Elec deb 5s
Conv
a Debentures ctfs
136%'
j-j
—1970
:
N_—
Gen mtge 374s vser O
AGreen Bay St West deb ctfs A
;;
54%
39%
121% 121%
j-j
1960
L
ser
ser
104
*103 74
j-j
1976
K—
ser
104%
J-J
1973
3%s ser m
mtge 3»is
Af-N
j-d
'•'" w;'
1948
Colorado & Southern Ry.—
4Vis (stamped modifiedt—
)
mtge
II
.
;_1977
82%
105%
44
89 Va
1952
4%s series E_
65%
103 V*
89
#
1959
16
93
1950
gtd
f 4Vis series C
s
106
40
1947
General 4%s 6eries D__
99%
87%
of
General 5s series C
31%
104% 108
,37
-
Cleve Short Line 1st gtd 4Vis
Cleve Union Term gtd 5 Vis
1st s f 5s series B gtd
:
1st
90
103
10
Greyhound Corp 3s debs——-
y
59%
94
57
105%
V:
Kd:
59 V2
102
55 Va
:V.
f 105%
M-N
St L Div 1st coll tr gold 4s
Cleveland Elec Ilium 3s
<■
3 Vis
j90
105
•
221
105
J~m.
*12174
1977
1991
D
-
—
128%
99%
102
.ht
■
*110
4Vis series E
Series
132
102 7/a
,90
*58
General 5%s series B
83
i- .yiye'
IV jc'H
""*112
.
1993
General 5s series B
•
105%
117%
j-j
v>'
Cin Wab & M Div 1st 4s
Cleveland
104 "i
■;.24
100%
.
;' v.^ /1-*" V; i. I
F-A
1974
1st mtge 2%s ser G
Cleve Cin Chic Si St Louis Ry—
General gold 4s
Ref & lmpt
102%
106%
1
Cincinnati. Union
1st
y
96%
106%
j-j
94%
10574 10674 y.
105%
5
37
105%
89
j-j
83 Vi
-
A-O
1975
-s
v
102%
j-d
deposit—1
Goodrich (B F) Co. 1st mtge 2%s_1965
108%
91
68
10674 106'A
*
;
105%
98
130 V
'
: :*50
M-JV
1949
106%
.
,
110ya 111
>"'•
102%
102
39
*102% 112
.
—
Oct 11945
1374
102
P
'
Af-S:
1956
debs
?
4
V
1
*105
;
vl
*100
Castings 5%s
Steel
i§AGa Caro Si
70
95
107%
A-O
deposit-
1,609
*106%
1962
5s
cons
'I
1943
Cine Gas & Elec 1st mtge 2%s
..
97
,107
J-J
1963
SADebentures 5s part paid
'
96!
>
of
52%
yyyu:- :;;y95;y;y^v:d.y
1963
1st & ref 4Vis series D
$§AChilds Co deb 5s part paid
-
96
103%
88
y.izt
105
^
J-D
1974
79 %
:
105% 105%
105%
M-S
1959
Grays Point Term 1st gtd 5s
Great Northern Ry Co—:,
101 Va 10174
;
4%s
74%
■
—
.1
1st
47%
/'•
—
JAGeorgia & Ala Ry 5s
Certificates of deposit
.
com
105
J-J
—
127
32 Va
*106%
I. 'p.'*
*100
Chicago Union Station—
Chic & West Indiana
Jf-N
*io6
M-S
Gen
Chic T H & Southeastern 1st 5s
1st mtge 3 VaS series F
1st mtge 2%s ser G
1961
.1943
; •
1969
Gen
78%
926
78
28%
J-D
•
100
x
/
deposit
inc
conv
Certificates
271
/
69%
76Va
J-D
—1951
68%
77%
31
108
101%
1037a 10474
103% 103%
103%
M-S
RealtJ & Utilities Corp—
"
95
66
Wt
68%
of
ACertificates
General
101 '104%
98% 102;
102
AIO
118
*104%'.-—
M-S
Gas & Elec of Berg Co cohs 58.'.._I949
:
J-J
121
106%
98% 100
^
-
J-J
1971
Francisco Sugar coll trust 6s
94%
•
'"'77%
531
94%
94
94%
*10574
1960-
Memphis Div 1st gold 4s
*■
80%
V
1952
3Vis
■
2000
1st & ref 5s series A
.A
A4s
1951
Gold
99%
A-O
;> J-J
—1953
Tire St Rub 3s deb_i_
Certificates
...
106%
84%
4
1934 1
A Conv
gold 4%S
Chicago St L & New Orleans 5s
29%
100
698
92%'
90
J-J
-1988
;
101
10674
.
104% 105%
238
.
G—
ser
ser
IFlorida East Coast
r
116% 31%
105 ;;
108 |
109
104%
4s
1964
mtge 3Vis
:
J-J
1990
ser
JAFloridtt Cent & Peninsular 5s.
106
97%
15%
30%
j-j
A Certificates of deposit
J ARefunding gold 4s
fASecured 4Vas series-A
E
mtge 3Vis. ser F
rtrestone
A
4■>
212
j-j
tSAChicago Railways 1st 5s stpd
25%
partial redemption—
1927;:.
tChicago Rock Island & Pacific Ry—
AGeneral
;f
112
72
28%
•
30
j-j
2044
;
83
;y 79
26 Va
105%
income
101
14
—
100
84
2374
26
-
^
33
110% 113
105%
conv
mtge-3%s
2s
119%
107!
*
2015
cons
cons
118
*118
:;7J-J%0
"1962
mtge inc 4%s series A—
cons
119%
.
175
103%
105
*105% 106%
'
^
12(1%
151
102
11
141%
■.♦140
95%
78 •'»-
1;
99%
105 Vi
mtge
'/&
Ohio Div lrt mtge 3y4s_
/
76%
j-j
mtge 3s ser B
A-O
A-O
eons
1st
1st
„
v
320
100% 101%
'
A-
■j-j'ey,
;
Chicago & North Western Ry—
.
1965
1st
119%
inc series B
mtge
4%s
^
^,.1965
stamped.:
Gei-
112%
1994 ..;:
4Vis lnc series A—^w-2019 ;
4s ser A
M-3
.—1970
Empire Gas St Fuel 3 %s__—
111
4
Chic Milw St Paul & Pac RR—
Gen
5s
M-N
Erie Railroad Co^—
81%
80%
80%
y
High
116%
__
10274 ;102% 10274
59
31
.y
Year 1945
Low
L'V..
*159
J-D
El Paso St S W 1st 5s——i—
126
32
*12074
J-J
19^0
131
125
•
Range for
,
0^-;:,
1998
Big.Jcllet & East Ry 3V4s—
107%
128%
•
Sold
No.
»195t
103
1,549 7
118% 118%
-
101%
Af-N'
J-J
195a
Chicago Ind & Sou 50-year 4s
1st mtge
106%
104
y^:.
62Vi
117%
117
•
105%
'
.
Af-N v';
,
—1968
May 1966
5s series A
& gen
j-j
-
Vis
2038
JChicago Ind & Louisville Ry—
ARefmuLiig 6s ser A
1947
ARefunding gold 5s series B—1947
ARefunding 4s series C
1947
A 1st
117
118Va
.
F-Ayy;<
1982 *
lnc mtge 4
St gen
8
143%
104 y3
—
—
59%
Bonds'
High
St Gat Div 1st 5s
Ed Jtn Til
"
Chicago Gt West 1st 4s series A_—1988
A 1st
-w-..'
•F-A
—1997
1985
1st mtge 3%s ser B——
Chicago St Erie 1st gold 5s__;
A Gen
■
1985
mtge 3 74 s-.,-.
128 Vi
*125%.
61%
'ii
Friday's
Bid & Asked
(NY) 1st cons gold 5s
Ehn Auto-Lite 2y4s debs
cast Tenn Va
1st
1977
Chicago St Eastern III RR—
A Gen mtge lnc
(conv)
1
103 Va
101%
frr
or
f V'.
137
.'(.15
•'
1
Sale Price
Low j
47%
102 74
4
106% 107%
Kv
High
46 Vi
;•
if, 106% 107% ' v,;
a-0
—1958
-_i._-.__—.
1st & ref 41/aS series B
1st &rref
,
Week's Range
Last
V.. Period
■i
<■101
& impt mtge 3%sD—
Ref & lmpt M 3%s series E
/
m-s
Interest
Exch*n«i
York Stock
New
•. •
144Vi 144%
yy
M-N'"*'"f-a'
'
Ref
t
■'ts;
48 Vi
48 Vi
\ \St"
;,
Low
No.
*"103%
J-J
Vy
1992
unesapeake & Ohio Ry—
General gold 4 74 s
i:
%;yi' ^ ■
5s stamp (partial redemption)—.1942
Champion Paper & Fibre deb 3s___1965
s
High
Low
»
I
Range for
Bonds
Sold
Friday's
Bid & Asked
Period"-. Sale Price
Friday
BONDS
Week's Range
'-'.Friday
...
Exchange
Stock
JANUARY 18
RANGE FOR WEEK ENDING
'■
Monday, January 21, 1945
YORK BOND RECORD
NEW
1
•
CHRONICLE
THE COMMERCIAL & FINANCIAL
334
THE COMMERCIAL & FINANCIAL
Number 4457
163
Volume
NEW
New
!'.C
Interest
Exchange
Last ;
or
Lehigh
S
:<
income
mtge
F
Coal &
Lemgh
ref
5s
5s
1st
sink fund 5s__,
A-o
105
F-A
1074
F-A
/'/•
Year 1945
Low
Non-con v
deb
4s
M-S
74%
71%
74%
1847
M-S
72%
70%
1954
A-O
70
1947
'
•:
;
F-A
1954
Harbor Term gtd 5s—
1950
Valley N Y 4%£ ext
Valley RR—
—2003
stamped modified
Val
4s
registered
stamped modified—
registered—
stamped modified
gold 4s
'''''
—
1956
M-N
75
72
75
113
56%
certificates 3%s
1956
J-J
72%
70%
73
142
54%
74%
AConv
6s
1948
J-J
80
78%
80%
357
63
82%
A-O
89
89
90
M-N
40%
38'A
42%
961
25
45%
J-D
77%
76%;
78%
431
59%
81%
/
deb
96
f A Collateral
88 Va
14
,,
93
90
ADebenture
96
Alst & ref 4%s series of
trust 6s
i—1940
v
4s__.
_1957
1927__.1967
82
73%
91
92
19
80'/a
Harlem River "& Port Chester—
1st 4s—
1954
tAN Y Ont & West ref gold 4s
1992
96%
62
744
45%
69%
N Y Power '&
55%
56
28
45%
64%
N Y & Putnam
62%
59%
67%
70
'
A-O
A-O
M-N
•
5s series
106%
107
6
A-O
106
J- J
105
,2003
121
/
109'%
116
T
107
106Vi
108
\.'M*
t
24
;
,107
-2003
Paducah & Merti Div 4s
-1946
Nashville RR—
ref M 3%s series
&
103 Vi
:
-—.1980
74%
89
M-N
ie63
1943
1946
J-J
—1966
102%
Gen & ref 4%s series A—
1974
Northern Pacific Ry prior lien 4s__1997
4s registered
1997
M-S
iref
&
gen
5s
.-..,11
11%
35
97
1
93%
100
1,153
25 %
44
3
106%
21
89%
40%
80
48
26
109%
69
95%
100%
Ref
&
impt 4'As series
102%
Ref
&
impt 5s series C
100
102%
,/Ref & impt 5s series D_
114%
117%
'» Coll
4'As-
75
136%
136
138%
124
128
108% 120%
122
J-J
204?
133%
8
123
84
116
J-J
2047
116
2
106%
198
72%
87%
87%
89
83%
;
83%
84'A
115
89%
89%
J-J
66
87
109
10
93%
110%
107% 108'A
105% 106
107%
105%
1974
71
181
106
;
M-S
4
107 7/a 107%
106
>1975
—
103
47
60
"128%
122%
Q-J
Q-F
Q-A
2047
;
63
136'A 136%
"108
Q-J
Jan 2047
A
62
.
'
2047
ry & Id gold 3s
3s registered
trust
31
.36%
40%
M-S,
•'/
-i
7
100% 102%
.'1;
J-J
/
\
42
v
.
M-S
:106
52%
106'A 106'A
75
1974
Central
107'A
58
108'A 108%
M-N
108
104'A
75
97
F-A
105%
15
72'/a
29
F-A
1940
30%
41%
J-J
1937
88
"105% 107'A
J-J
North
IIIV4
•
37
87'/a
62%
106%
104
102%
136%
3
104
100%
103'A 104'A
A-O
108%
>118% 119
—
17%
53
104
A-O
105%
E
M-N
4%
A-O
1998
100%
MS
Atl Knox St Clno Piv 4«—iii*. 105#
17%
104
1937
A
•:/' 4
102% 103
469
15
Ry Co—
series
Gen lien
102 Vi
26%
14
1965
—
lllVa 111 Va
...
24'A
14
AGen mtge 5s conV\Inc_
2014
Norfolk'& Western Ry 1st-gold 4s_1996
105 Vi
103
17;
4%s
mtge
24%
:m-s
-
-
s
F—
St Louis Div 2d gold 3s
1st
118Vi 120
6
105:'/
104
NorfolksSouj;hern
>
107 Vi
1
general gold 5s
109
'
,.1993
ATrfrtainal 1st gold 5s
tSANsY West & Bost 1st 4%s
Niagara Falls Power 3'As
V:
'
F-A
.
Vi
107% 107%
A-O
3Vis
93
106%
?
••
105% 10614
Vi
A-O
1st & ref M 2%s ser G—
:
118%
120" :120s •'
M-S
1st
/.v.
132 Vi
.
■
f-A
-1966
Louisville &
:
127 V4
106%
118Vi 119
M-S
1969
A
78 Vi
2
>118 ••••://-'>'
/"#—1• 107:;:' ■
/106% 107 V
i
M-S
M-S
§A
40
133% 133%
3 33 %
71%
76%
cons
107%
93%
J-D
Light 1st mtge 2%s_1975
1st"
83%
47
"108'A 110'A
M-N
77
M-S
1355
gtd '4s
N Y Queens El Lt & Pow
3%s.
N Y Steam Corp 1st 3 Vis—
MAN Y Susq & W 1st ref 5s
5 A 2d gold 4'/a 3
66%
53%
2
166
.
.9114
88'i
90
47%
47
329
65'A
59%
;.
65'A
.
i.
]
4s
59
1963
1st
Louisville Gas & Elec
77
4s
ADebenture
84
90
69%.
*'
A-0
1951
-
debentures
3s
Louisiana & Ark
56%
deb
87'A
.
i,
,
.
(P) Co deb 5s__
186
J-J
100%
897/a
1"-
94'A
59%
\./
M-N
—
1949
-1949
stamped
Lorillard
75
1955
61%-
M-N
2003
—
4s
75
72'A
4s
55'/a
Lehigh Valley Terminal Ry ext 5s_195i
Lex & Eastern 1st 50-yr 5s gtd
1965
Liggett & Myers Tobacco 5s
1951
Little Miami gen 4s series A-——1962
Long Island unified 4s
1949
ref
74%
55
deb
<
ANon-conv
,--'•92
V,-
93% ,'95/'-'.
1/';:>-.'■
M-N
2003
4%s
Guaranteed
54'/a
132
72%
74'A
AGeneral
2003
4%s
5s
89
72%
3 Vis
.3Vis
98
2
iJ—
U 801/4
84
:
vv
J-J
2003
—
—
76%
72%
deb
deb
100%
Lehigh
4s
58%
ANon-cony
:
*93 Va
.
Lehigh
High
19
ANon-conv
104%
A
Leh
Range for
Sold
No.
99
94%
1974
stamped
"v
V
100% 100%
1954
,—1964
1964
sink fund 5s
& ref
&
76%
104%
1 ■/
>101%
F-A
1984
stamped
5s
//.
105
50
31
•
1st & ref sink fund 5s—
.
High
High
ANon-conv
1970
stamped
Bonds
Bid & Asked
tN Y New Haven & Hartford RR—
73
vailey coal Co—
1st St
Sale Price
Low
Co.—
A
ser
High
71
Dec
1973
Last
Period
v//:./
reg
Navigation
3%s
mtge
LOW
Week's Bangs
or Friday's
Interest
Year 1945
No.
Friday
New York Stock Exehaagi
Range for
Sold
Low
"//
Lautaro Nitrate Co Ltd—1
18.
BONDS
Bonds
Friday's
Bid & Asked
Sale Price
Period
A 1st
FOR WEEK ENDING JANUARY
Week's Range
Friday
BONDS
York Stock
335
YORK BOND RECORD
RANGE
'
CHRONICLE
F-A
107
93'A 110%
26
103%
106%
102
104%
106
110
Northern States Power C<k—
/>.
•li-'V
;
■
1st
mtge
Manatl
coll 4s
&
ser
A.—.I960
1954
90
92
Jif-N
1955
1
Metropolitan Edison 1st mtge 27/«s_1974
A-O
4s__1038
F-A
West
Side
El
(Chic)
"102%
26%
59 Vi
Alst
Jack
Lans
&
53
guaranteed
Edison
1st
104%
85
106%.
106% 106%
12
mtge.
J-J
1948
4s
1st mtge 3s
2%s
! 26%
M-S
gold 3Vis
—
1952
Ref & impt 4'/2s series C
1979
Michigan Cons Gas 1st mtge 3Vis_1969
M-N
103%
1975
F-A
102
Oregon RR
1946
J-D
105%
107%
Ore Short Lins
;;
J-J
98%
}$AMidland of N J 1st ext 5s——1940
A-O
>106%/—
"106%
M-S
105%
107%
'
-
110% 110%
95'/a
/ 4
96.
111%
con
1st
cons
Guaranteed stpd
/
gold 4s
gold 5s
103%
99%
101'A
52
100% 100%
8
103
1946
J-J
J-J
"101%
101%
103%
101%
105'A
102
105%
104%
106%
"101 % 103
1946
5s
cons
106%
101'/*
_~
16
A_1960
A-O
105% 106%
1946
J-D
"101'A 103'/a
101
102%
1966
J-D
"108% 109%
105'A
108%
1st & ref mtge 3s series J
.1970
J-D
107'A 108 Va
104%
1st & ref M 3s series K_
.1971
J-D
108% 109
105
1071/a
107%
& ref M 3s series L
.1974
J-D
104%
108
V 1st & ref M 3s series M
.:. .1979
105
107%
Oregon-Washington RR 3s
ser
95
75
23
& Nav
30%
99
62
103% 104
103%
20%
103%
89
27
108'A
11108
A-O
Oklahoma Gas & Electric 2%s
Sag 3VsS-———1951
1st
25%
M-S
1974
!——1975
102
Micnigan Central—
V.
104
tOgdensburg & Lake Champlaln Ry—■
Ohio
103
16% / 29%
!10
59
106 y.
99 '/a
'/
■
26%
26%
.196*
91
105%'
102%
>105% 107
>
104%
M-S
A-O
1975
3%s
!
;
-r
1st mtge
/•■5:
104%
82%
103
M-N
1950
"65 %
(Wise)
104
101%
80'/4
28
92
A-O
Metrop Wat Sew & Drain 5%s
t§AMet
104
87
100
1959
4s
85 Vi
86
M-N
Sugar 4s sink fund_..Feb 1 1957
McCrory Stores deb 3%
"65%
J-D
AManila RR (Southern Lines)
>
:
3-D
B
ser
M
^i
:
v:
Central RR 4%8
Maine
1st mtge 2%s—
>/"- 1st mtge 2%s———
Minn St Paul & Sault Ste Marie—
/.Alst mge
inc ser A
-1971
j-j
inc ser
4Vis
'
-1991
j-j
103% 104%
/ 94%
28
•:
106
'
AGen
.
mtge 4s
Mo Kansas & Texas
A
1st 4s
Missouri-Kansas-Texas RR—
81%
j*d
1990
81%
79%
99
100
283
'
100%
81
65
,
Pacific
100%
77%
;294
—1962
lien
Prior
A Cum
j-j
——1962
J-j
5s series A
4o-year 4s series B
'.
4 lis
adjust
series
5s
D
199
a-o
99
100%
94%;95Va
y.': / 96%
98 v'/ -i
79%
29
100 V*
65%
94%/
/
j-j /
1978
A—Jan 1967
series
//
97
109%
>,//
:,/107% 112%<
:.
f-a
.Alst & ref 5s series A—<.^-—-.1968
4s
1973
;.—..
A1 st
&
ref 5s series F
&
ref
m-S
1978
5s
G—
series
AConv
gold 5Vis
1949
Alst & ref gold 5s series H—1980
Morrcll
f-a
Essex
1st
gtd 3%s_,
1966
1951
1958
2000
Constr M 5s series A———1955
M
Constr
4 Via series B/
Mountain States T & T
Mutual Fuel Gas
—1955
91%
f-a
j-j
m-n
1
1947
■/.
x3-d>:£0
m-n
*+-~
431
72%
100 y*
92
m-n
105 7/a
80%
>90
■
.
109%
—
V >
"
..
103
/
3s
105%
wL
i'
-v
1
•
ip?*
A
1965
f ANaugatuck RR 1st gold 4s——1954
5s
105% 106
107 Vi 107%
3
102%
19
23
>95
6
112
J-D
gtd 4lis series B
r.1961
J Junction
New
RR gtd 1st 4s
.1986
Jersey P & L 1st mtge 3s_—1974
New
Orleans Great Nnr 5s A
N
O & N E
N
101
3-J
General 5s
99% 100%
New
.
Orleans Term
1st
gtd 4s
1953
107%
J-J
deb
1985
J-J
1947
-/.Alst
5s
Alst
//:•
5s
series
1954
of
C
ACertificates
deposit
iJ,
11
104%
a~-o
/ -12-/
85%
V /
86
84Vi
.
/i
84%
95%
'
F-A;
n*
:•
2
-
'•/.
98:
94%
98
'91'/a.' 95
8
5Vis series A
ACertificates
;v
of
—1954
Ref &
Ref
N
St
F-A
A-O
imut 5s series C_
2013
3Vis registered—
'
F-A
—1998
—1998
registered
,u-.
,
Chicago & Rt Louis—
mtge 3%s series D
V Ref mtge 3lis ser E_____
"92%
F-A'
.1975
96
F-A
J-J :
I
;
',95
91%
-,
106%
91%.
>/•;
J-D
106',i 106%
105% 105%
Connecting RR 27/8s ser'B. :_1975
A-O
103'A
103
N
Y
Dock
—'.951
F-A
104
A-O
104%
104
104%
-1966
A-O
106
106
106
& ref
3 Vis
series E
N Y
Gas El Lt H & Pow gold 5s_. -1948
Purchase money gold 4s
-1949
N Y & Harlem gold 3Vis
—. -2000
Mtge 4s series A
Mtge 4s series B
N
Y Lack
&
'
For footnotes
page
"HO
J-J
J-J
336.
97
94
-
95
•
/
-1973
"115'A
117
M-N
M-N
30
'
.
/
5
104%
107
104%
J
'
101 Vi
101%
100%
•
7 '
16'•<-
v;
105'/a
103
107%
105%
109
,
117
4
113%
lliya
108%
116%
—
114%
.
/
117
o
93
93
•
111
108
'■
.
93
11
99%
99%
8
109%
24
102%
106%
106
109%
92
80
107%
6
15
•78%
3
>49%
106
96% 105
21
,A,
-
138
128%
131%
105%
108%
.:
108
,35
102%
104 y*
12
101%
104%
.6
101%
104%
104%
106%
106
107%
-
106
104% 105
-,104%
128%
103%
131%
105
r
,
"103% 105
M-N
1
.
105% 106
:
106
M-N
1962
—
8
■
'
'
f
.
105% 105%
105%
23
26
ri
27
/
/
15%
30
27
15%
127
101'A
104%
106%
104% 105'A
105'A
10
62
26
"19
Series I cons 4yas
J
cons
:
^
>
•'
J-D
,
107
F-A
1970
1975
Gen mtge 3%s ser E
1975
Pittsb Coke&Chem 1st mtge 3%s_1964
Pittsburgh Consolidation Coal—
3'As debentures —1——
1965
Pitts Steel
B
1st mtge 4y2s
4%s series B
.
>
116
110%
116
84
100
91%
107
".135
A-O
/.
-
"133
107
M-N
J-J
1950
^_1959
1st mtge 4%s series C
-I960
Pitts Young St Ash 1st 4s ser A—1948
1st gen 5s series B
—_1962
1st gen 5s series C
—1974
tst 4%s series D
1977
AiPittston Co 5% inc deb
-1964
Potomac El Pwr 1st M 3^48
1966
1st mortgage 3^18
1977
t A Providence Securities 4s————1957
t A Providence Terminal 4s_—1956
Public Service 3E1 St Gas
1968
1st & ref mtge 3s
1972
>
1st
&
1st &
ref mtge
5s
ref mtge 8s
—2037
2037
A-O
101%
// 213
:,././• 2
10*%
99%
101%
7
106 V*
104
2
84%
35
84'/a
98% 100%
51
84'/a
106%
103%
100
105% 105 '/a
,
99%
99%
99%
"105
105
106
"125%
125%
125%
"127
J-D
"117%
J-D
99
J-J
:
J-J
„
38
94%
99
34%
;"108
—
101%
104'A
108%
113
106% 106%
"113
F-A.
M-S
104% 109
108
98'/a 100
99%
F-A
M-N
134%
136%
129
//^>
35
,
'
J-D
/
127
/ ' 98% 100'A
A-O
/
:////
126%
128%
/
105% 105%
J-D
J-D
113
,
39
109
102.
25
43%
103% 103'/a
109
110%
107%- 108 7/8
J-J
*109% 110
M-N
*107'A 109%
J-J
"156
168
155
250
250
224% 245
J-D
/
123
124%
::
__
: -101% 102%
j-D
_195Q
115
«...
"103/
102%
'
116%
114
•126%
A-O
—
"125%
J-D
•
•114%
M-N
1963
F-A
113%
113%
113%
1171/2 117%
M-N
guaranteed 4%s_1964
Gen mtge 5s series
,>106 >116"%.::
F-A
<
Pitts & W Va 1st 4%s series A—_1958
92
100%
'."-S v'v-'
>106
J-D
1949
1953
1957/
1960
1st mtge
110%
M-N
; -1973
see
105
111%
F-A/.
-2043
4Vis series B„—
103'A
J-D
t,...., _,2043
West 4s series A
108
>80%
/.
39
104
—1965
lien
103Vi
81%
2
30
-
gold 4s
314s series D__
85%r
81
"•
43
-
128
118%
.
108
M-N
Gen mtge 5s series A
98%
87
94%-'/
96"
90
118'/a
6
68
"130% 132
Pittsburgh Cine Chi St Bt Louis—
•
Series E 3y2s gtd gold
" Seri^3 F 4s guaranteed gold
Beries G 4s guaranteed,
Series H cons guaranteed 4s
100
99%
38
13
■
104'/a 105
104%
J-J
1st mtge 4 % s series B
—1980
1st
v
>97%
*
.13
107
Y
1st
83%>
•
V
102'A
78%
'
282
/
108'A 108%
N
N Y Edison
*
99%
83
>
134%
77
J-J
1964
"Series
.'97% >98%
F^A
1998
101% 102%
York
Ref
100%
'97 %
80
>>714
126%
-
-
"137
Phillips Petroleum 2%s debs
83 >/* 105'A
422
'
!; > 7 .:/■
,
—
F-A
J-J
debentures
ACertificates
.
"98
'98
98%
•
96% ' 98
108'A
3"JC,
97%
125
94
77
,,1 *
fl06%
M-s
1937
'
101%
i
1997
1998
Mich Cent coll gold 3 Vis
New
J-J;
98. /;
i 96%
A-O
—1997
Lake Shore coll gold 3Vis
<3Vis
^
vi
/
;.
1st s f 4s
of deposit
"
—1998
—2013
.
impt 4 Vis series A—
X Cent &• Hud.River 3Vis—
3 Vis registered—
■"*/•
59
1.98
77
M-S
77'.
81
83%
96'A 100
98
Y Central RR 4s series A
N
99%
A-O
deposit
128'/a
118%
106%
93
„-94'; >
F-A
108%
56 •:
96
80
^"31
'"1
108%
106%
124%
'
,
105% 106%
/•//.
106
A-O
1963
3s
tSAPhilippine fly
101
81.
"
Alst
-
80
ACertificates of, deposit
.
'
86
77
232
v
!v
103
3
109
108
108%
Apr
Apr 1.990
1974
gold 4'As series C
1977
Philadelphia Co coll tr 4y4S
1961
Phila Electric 1st & ref 2%s„—1971
1st & ref M 2%S—
1967
1st and ref 2%s
1974
80
>94%
F-A
1960 // /
1
4s
Pekin Union Ry 5'As
General
109'A
70
'
.1956
&
Marquette Ry 3%s ser D—_1980
& Wash 1st gold 4s—
General 5s series B_
1974
108%
of
deposit
——
V Alst 4lis series D——__——1956
/'
107
104'/a
.
B
series
ACertificates
:/>:•/
104
1
•AIncome
105
108"%
5
Peoples Gas L & C ref 5s
Peoria & Eastern 4s ext.-
126%
100 >
107/
3Vas ser F
Philip Morris Ltd deb 3s_
—
/f'- A Certificates of deposit
—
'
129% 1297/s
/
101%
Phila Bait
Gen mtge
,
A-O
3Vis—
—.
Pere
115'A
4'As series D
4Vhs series E_
106 y*
106'A
106%
\
15
-/
,>
128
128% 129'/* >
M-S
102%,
123%
107% 108
wm
5-
16
-
125% 126%
134% 135y«
126'/a
A-O
1
107% 107%
J-J
-
129
J-J
>.i
3"
108
.
128
A-O
Peoria
*1181/:^.'^
108
__
J-D
series B—-p—. 1968
1952
104%
£3/
125% 125%
125%
F-A
J-J
JNew Orleans Te?as & Mexico Ry—
;
SANon-cum Inc 5s series A
1938
A
1981
112%
"
107 % 108
M-N
1983
May 1
1984
> 96 /
104'
55
■
112% 113'/a
.113%
M-S
1952
1st ref & imp 4 Vis
;/ A-O
105%
51
J-D ;
:
132
112%
104
,106
106% 106%
105'A 105%
106%
A-O
1965
110%
j«sT ;
1952
England Tel & Tel 5s A
1st
.
1965
—
""_W
J-D
1960
fund 4%s
series
117
111% 111%
106% 106%
4V2S
114
109%
37
125%
'129
120
M-N
106%
105'
96%
*
New
M-S
105%
111
F-A
General
107
103%
105%.
M-S
M-N
104%
106%
107 >
3
J-D
1945
1945
-
"105
107%
107
1960
Conv
A-O
1948
gtd 5s
M-N
106%
"104
Gen mtge
M-N
122
1948
Cons sinKing
.
104% 104%
105% 106 Vs
J-J /
1958 /"
ctfs__
4s sterl stpd dollar
/r
109%
'.'v.
F-A
31
106% 106%
/' General
Nash Chatt St St L 4s series
Na«ional Steel 1st mtge 3s
191
105%
J-D
109'A 109%
108% 109%
106%/
'-'w/""
.
>/.
109%
•
M-N
.110;;
107
—
27
-
-
debentures
f
s
108% 109%
Pennsylvania RR—. /,/
.(
Consol gold 4s—-—'—j..——- 1948
87%
72 '
;
•
•
66
.
.
6
10
109%
J-D
J-D
Pennsylvania Power & Light Co.—
> lst
.1975
mtge 3s——
62%/.77/:;
146
"
'
:
.I960
3s B
Pennsylvania Glass Sand 3'As
107
101%
74
87%
82 'A
•
F L
-109
.195!)
f gold 4'As
s
Gtd 4s series E trust
101%
96'
15
7?
80%
..
/
"
//A//./ "106% 110
M-n
6
/
.
—
86%
,
N
cons
,
Pennsylvania-Central Airlines—I960
3'As conv inc debs
79%. 91%
>102% 103'A
5-
1st
Pennsylvania Co>~
—
73%
,V '/
Consol Gas
Co—
Paterson & Passaic G & E cons 6s. .1949
100%
86 Va
/
..1968
3 Vis
1st gtd 5s.
fANew England RR
/
A Consol gtd 4s
gold 5s
-
Panhandle East
49'A
72%
*106'%
100%
/'J
Tel
Paducah & 111
100%
223,::
45
91'A
.
.
Newark
1st
Electric
mtge 3s ser N—— .1977
.1985
& Tel 2%s debs_
1st & ref
100%
14%
97'A 102"
100
m-s
ext
:•'
97% 102%
———1981
(John) & Co 3s debs—
Morris &
Co
&
mtge 3'As series I
■
73/
186
/
Pacific
68
72'/a
980
.
'/".:1st
100%
33
555 /
42
gold 48-^.-1991
5s
97% 102Va
94/
72%
650
<
97% 102%
.
.100%
Monongahela Ry 3 Vis series B;
Tramways
100%
100
m-n
a-o
/Alst Si ref 5s series I
Moh'k & Malone 1st gtd
Montreal
•
64'/*
;/
92%
>64% 112
>
,189/
97'% 102'/»
/■: 61
62
m-n
1977
Alst
v
100'A
:■%/
MS
101
69 %
52
.333
^Missouri Pacific RR Co—
AGeneral
Gas
1st & ref
:
Prior lien
Coast
Pacific
-
160
■
&
FINANCIAL CHRONICLE
THE COMMERCIAL
336
Monday, January 21, 1946
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING
1
S
It O N
Friday Week's Range
Last
Interest'
Stock Ex ch anf•
New Tork
or
J-J
..1964
104% 105 VV
105
■
Low
Sale Price
for 1945) duer1975
3Y«6..,._..'9R0
tfARio Grande West 1st gold 4s__1939
A 1st cons St coll trust 4s A—.—1949
Rochester Gas & Elec Corp—
Gen mtge 4%s -series D
1977
Gen mtge 33/48 series H—
.—1967
Gen mtge 3%8 series I——
1967
Gen mtge 3Vis series J___——1969
liAR I Ark & Louis 1st 4%s
—1934
i A Rut-Canadian 4s stpd—*
1949
(4.7%
'
'
_
106A
•-
-
"i07y«
—
4
iio": ■ 110%'
;
;
A-O
'
US
1
us
*108
-i-,
■
'
■
'
J-J
69%
>
•
:
108
J-D
145
145
J-J
105
19%
51
•.
'v
'
.
-•>!" •'.•••
104 y* 104
11
1st gold 5S..
.—1996
gold 6S_—....
1996
Mt ft P 5s stpd—.—1951
ttt Louis San Francisco By
J "J
ser
A.—.......1950
J-J
of
deposit———
APrior lien 5s series B
deposit—
ACons M 4Y2s series A...
ACertificates of
deposit stpd.—,
F-A
Jf-8
48%
68
48
302
51
75%
6
51
J-J
51 VA
1,947
36%
50%
8
,
90
■:
.
87%
PPP
105%
35
103
105
101 Vi
4
-16
*';■>
104
104%
'106%
106
105%
103%
106
100%
104
47
39
106%
104
9
>106%
107
39
•103% 107
105% 107%
6
109% 109%
100%
114%
62
104%
106%
130 ya
L*:'
jf-s
•'
: ^
105
104% 107%
105
V104
'104
"L.~.
"v
104
F-A
A—1955
—.—1957
Virginia Electric & Power Co— ;>
1st & ref mtge 2%s ser E—1975
Va Iron Coal A Coke 1st gold 5s__1949
Va A Southwest 1st gtd 5s.—.——2003
Cons
^
•
95%
•'
40%
2
105% 105%
A-O'
.1959
Vandalla RR cons g 4s series
97%;
72
•
190
*132
v''
105
103
20%
104% 104%
.
j-
.104
A-O
U-N
.1959
1st
,
U-N
1
.1971
Universal Pictures 3%s debs.
•
114%
^
62%
59%
A-O
104%
105
,
v'/JAT'-'V/
.1941
_1970
■'
116%
72
87
->■>>'■
/
•
'
29
'/v.:-
102.
*112
61%;
F-A
4
J-J
113%
103
110
78
■>;:
-
98V8
17
104
50 y«
108
4
■
66%
,
36%
1
93%
100
J-D
/.>,
104% 105 Ya
'.♦..'
35
.
51%.
89%
.89%
100%
105% 1l6%
6
70
93%
J-J
105
•"
A-O
A-O
71%.
116% 116% ;
'
106%
.
♦111%
A-O
>
.
18
76%
..
J-J
106
RK—
grant 4s———
& land
1st
70 y3
50
-—
IJASt P Si K C 6h L gtd 4'/a8.
1941
St Paul Union Depot 3'/«s B—
1971
Scioto VANE 1st gtd 4s—..—1989
703
Pacific
34-year 3%s deb—-———
135-year 3Vis deb—
99%
48 V2
50%
106%
Jf-N
.1975
&
M
Union
96
92%
70
M-N
.1989
IA 1st term & unifying 5s....
1952
AGen St ref gold 5s series A—..1090
St Paul St Duluth 1st cons gold 4&.1968
Air Line Ry—
;v
MS
60%
debs.—-I960
97
<79%
\.
71%
,
94%
45%
103
J-D
73%
,76
•
—-
...
A2d 4s inc bond ctfs. ..—Nov 1989
ISeaboard
68%
*
,70%
81
1.
...
84 %
,92
1,112
101
_:1967
73yB
J-J
....197S
tSt Louis-Southwestern Ry—
1st 4s bond certificates
'
Vi
97
*97%
*101%
'•'+»£ Kl-'
.1950
—
*95
■
57 Vi
♦100%
A Buff
102ya 103%
w—'
90
51%
J-D
Ham
106%
J-J
A-O
89
105
.1945
J-J
56
102%
1st
St Jos St Grand Island 1st 4a.—1947
2d
104%
102% 104
—
*103% 105
"
•
104%
St L Rocky
150
99%
U
18
St Lawr St Adir
130
J-D
*-
104 Vi 104%
196f
108%
11
331
30
A-O
Saguenay Pwr Ltd 1st M 4Y«s
90
A-O
.1971
s
*104%
J-J
——i960
.—Jan 1960
1st ref 4s
Tri-Continental Corp 3%
27
11 Yz
J-D
3%S—1974
Tenn RR of New Orl
Toronto
75%-
16
105%
1st gold 4s—1946
Trenton Gas A Elec 1st gold 5s—..1949
109%
37
107 %
34
145%
109%
103%
Tol A Ohio Cent ref A impt 3%s—1960
108%
••
15
23%
131%
28
104% 105
debentures
AAdj income 5s
108%
190
71%
19
23
19
23
103%
105
M-N
110
108%
2
F»A
105% 105%
107Vi 108
Third Ave Ry
,
109%
101
Texas Pacific-Missouri—
«...
«-W
108% 108%
71%'
:•
J-J ■>'.
*
80
'
'
—-t
Jf-S
110
62
.
105 Vi
Company 3s
Pac
..
■'
.
High
125
1966
Texas A Pacific 1st gold 5s———.2000
Gen & ref M 37/as ser
1985
105%
98%
74
,
-
'
108%
M-S
tlARutland RR 4Vis stamped—..1941
' / ■■
87%
*125%
'*rm
'
.
u-s
•.
85 Vi
87 Vi
103
6
104% 104%
*l29Vi
A-O
3s
104% 108
—
104
104%
J-J
deb....——^..1959
Texas
104 '
itf-N
jr-jf
.
,'
,
of
Year 1945
Low
.•>
Ref-& imp M 4s ser C
...2019
Ttxarkana & Ft Smith 5 Vis A—..-1950
102% 107 Vi
■
Jf-N
1965
pipe line 3s.
Terminal RR Assn of St Louis—
A-O
Revere Copper & Brass
A Certificates
Range for
Sold
No.
100% 103%
20
•
lien 4s
Bonds
High
Tennessee Gas & Transmission—
Reading Co Jersey Cent coll 4s_.1951
Rensselaer & Saratoga RR Co—
A Certificates
Range
Friday's
Bid A Asked
Low
1st mtge
A Prior
or
,
High
R
Oen mtge
Last
Period
Year 1945
No.
Week's
Interest
New York Stock Exchange
Range for
Sold
Friday
BONDS
;
Bonds
Friday's
Bid A Asked
Low
High
Sale Price
Period
;■
Quaker Oats 2%s deb-
JANUARY 18
133-
105
105
MS
•
112% 115 %
—
103%
110% 110%
Jf-N
109%
123
101% 111
103% 106%
8
78
109
109%
104 y»
118:
'
—
*119%""'—
A-O
102%
100 Vi
105
,*103%
J^J
,..—1995
Virginian Ry 3s ser B—
.*115%.;
MS
5s—.1958
cons
109% 109%
*114%:..—v.:
M.-N
f 4s series B—.
s
V
'
f Ads gold stamped——U.—195G
ACertificate of deposit.—i.——.
lARelunding 4s——.
——.1959
-
ACtfs of dep
ACtfs
of
6s
cons
A
series
■
1949
t§AAtl St Birm 1st gtd 4s
Seaboard
1st
Line
Air
4s
mtge
120 Ya
53 Ya
60
60%
78
78%
20
78%
RR
A
ser
.
••
.
79%
? '■///' 42
79%
-:i. 15'.
39%.
mtge 4s inc series A
1981
Gen mtge inc 4Y»s series B—.—1991
Gen
57%
53%
Wabash- RR
39% : 57
;."'r,23
'
74%
mtge
;
105
76%
^
J-J
*104 y,
75%
■■
mtge
,
.
Socony-Vacuum Oil 3s debs—1964
J-J
South St Nor Ala RR gtd
A-O
5s
Southern Bell Tel & Tel Co—,
3s debentures
1963
J-J
109%
F-4
106
105% 106%
jf-S
(Oregon Lines) A..—.—1977
105
MS
.102%
MS
.102%
Gold 4
MS
106
V£s___.L——..1961
1st 4s—..
—1950
'i*B- "'ran- Term
1st
RR
107%
111.
101%
103%
A-O
mtge 2%s ser A...
„_1961
series Bj..—L—....—1986
3%s series
Southern Ry 1st
83
102 Va 103
P
92%
207
84
8
*
105
/ 106% 106%
J-J
102
.
102
/
105%
'105% 105%
J-J
/
105%
105% 106 yB
•
J-J
Bevel
St
A-Q
Devel
Si
A-O
6s
——.1956
gen 6Vis...——... 1956
Mem Div 1st gold 5s
x996
gen
iRtr void 48—..1951
Southwestern Bell Tel 2%s debs
1985
105%
\
,
Standard
J-D
124
123
•
61
125
132.
111
22
"*•
I
:
.
i
104%
66%
106Va
4
34
J-D
105 ~
105
? 106%
145
105
MS
106%
106 Vi 107%
206
105% 108%
103%
0
101% 103 y*
102
103
-u-*"
'
,
U-N
Af-N
'j
-
*107%
__
*104% 105%
*105
87
m-s;
105%
J-J
of deposit—i——
n Certificates
lASu A bu div St term 1st 4s—.1936
ACertificates of deposit——
108
77%
94
.
89%
109% 110%
:
99
99
•102Vi
%
107
A-O
115
92%
74
48
;
*109% 110
'
106% 110%
"
m-s
A——.1992
'
150
91%
88
91%
J-J
90%
87
J-J
MS
?'
104%
106% 107%
105% 105%
.
*
•
104% 107
4
103% 105%
2
'
2
117% 117%
J-J
.' 87
87
S£n
19
136
20
*39%
-
Xb
*107% 112
1
•108
j-j
117%
95
92%
49%
42%
115
76 Vi
79%
7
%,:
44%
39
','44
'
162
89
87%
88
v
105% 108%
110 Ya
108 Ye
V*
a
d Ex-interest,
t Odd-lot sale not
sale not Included In the year's range. X Cash sale
sale not Included In the year's range/
Deferred delivery
,
-
1
,
SNegotiablllty Impaired by maturity.
tThe price represented Is the- dollar quotation per
unit of bonds. Accrued interest payable at the exchange rate of $4.8484,
,
200-
4>oiind
tCompanies reported as being in bankruptcy, receivership, or
the Bankruptcy Act, or securities assumed by such companies. *
106%
104
'*.U-
105%
& ref M 2%s series
•
103
US
Included in the year's range,
n Under-the-rule
Included In the year's range,
y Ex-coupon.
,66%
103% 105%
103
106%
105% 107%
/
guaranteed—2361
——.————2361
■
not
57
110
105%
1st 4s
Registered
„/7:
109%
.>■',..23..
-104% 108%
Vi 108%
Wisconsin Elec Power 3%s——-1968
Wisconsin Public Service 3 Vis.....1971
;
126
106
88
,
^■
104
J-D
.1955
*
105%
66
66
F-A
,.1959
105
105%
,
107%
106% 110 Vi
107
,
'
A-O
120
>
107%
,
116 y«
:
31
MS
t
;
114% .123%
'
12,
107%
118%
.''L.'
v.;.
107
117%
69
!
.
'
106%
J-J
115%
105%
"2
113%
101%
136 % ;
95%
30
*108%
Swift A Co 2%8 debs.—-——196J
.....
28
'
Oil N J deb 3s_........^1961
Superior Oil 3%s aebs_,
99V4
•
103%. 106%
118%
132
124%
Apr
V
104% '106%
105% 106
132
*
*
85
138
118
:
J-J
ugpokaue internal 1st gold 4ViS—2013
8tand Oil of Calif 2%s debs
...1966
■'•' ■£ >136%
.118
A-O
J-J :
•
Div
:18
105
s
106%
t A Wisconsin Central 1st 4«—..—194J
106%.
107
/
106 Vi
Wheeling Steel 3% series C_——.1970
Wilson A Co 1st mortgage
1958
Winston-Salem S B 1st 4s_—.....1960
7
-
138
gold 5s—.._ 1994
Devel St gen 4s series A.—1956
cons
Sunray Oil Corp 3% debs
102%
J-J
,.—.1996
•"
102% 102 Vi»
*115Vi 118
111
Gen
103%
"5
J-D 5
73'/a
103% 105 Ya
101 Vt, 102 y»
>103%
108% 109%
104%.
.
103%
67
65
60
113-
Wheeling A Lake Erie RR-4s—..i 1949
105%
85%
109
102 3
"e
108%
^
85
V:*/ 226
105% 106%
106%
K
>>;
188
102 V2 103 y«
100
•
A-O
West Shore
Co—
3%s
i
i
_
Pacific
,
**
130
40
.
104% 105%
-—.—1968
Gold 4 Vis—........——
1969
Southern
126
17
♦103%
May
Maryland 1st 4s._Jww—1952
Pacific 4Vis inc ser A—:2014
Western Union Telegraph Co— ;
Funding A real estate 4%*—-—1950
25-year gold 5s.—.—L_———1951
30-year 5s
/.——.—I960
Westinghouse El A Mfg 2V8s__1951
,
'lOSya 107%'
12
.
109 JA 109%'
..1985
...
Gold 4(iS__._
.
_r
109%
MS
95
102%.
;
Western
.
Co—
Pacific
1st 4Vis
*i3oy8
—1979
—
2%s debentures
Souuiern
107 VS 107%
107%
y' ,,''
'
100
98% 105%
Western
<
*
>'
A-O
J-D
3 Vis————.1—.1967
West Penn Power 3 Vis series I——1966
80
7- 66
"101% 102%; -
58
11
102
F-A
Gen
101%, 103'/a
..
.
:
104 %
103
102%
108% 110%
102%
F -A
.-Westchester' Ltg
49
84 Va
5
O'M
107%
101%
" -PQIT
75% 76
104»A 104%
"
■
A-O
Washington Terminal 2%s ser A—1970
6s stpd gtQ_—195U
83%
20
104%
.
■:
-3$:
103 Y* 103%
■.
FrA
J-J
1965
76
53
-'.-L
'•
100
99%
449
20%
.
i*107% .108 Vt
j
103V2
.
119
86
20
20
r'.-
.
J-J
debsu—...1954
2%s sinking fund debentures—1961
tJA8iiesian-A»n Corp coll tr 7s——1941
84%.
84%
7:
2 Vis
debs„_._
100% 100%
100%
90
30
93
1st ref gtd gold 3%«—2000
Warren RR
wi___.__.—
A wi_—.
82
Vi
;; 99
F-fi
Washington Central Ry 1st 4s.___.I94R
Co—
100
98% 100
93%
105% 105%
Apr
Apr
3 %s ser B-i——,—1971 ;
1st mtge 4s.—A9&0 ;
Ward Baking Co 5%s debs
;
(subordinated)
..-1970
Warren Petroleum 3 %s——1955
1st
101
81
F-A
2%s
78%
k
Walworui Co
75,
53 Va
:-
■
——
'MS
Skelly Oil
52%
••;•/145 '
■'
*iooy# 105
-
.1935
OU
'
•
_
M-S
Seagram (Joseph E) & Sons 3Vis_1965
Union
I
78%
■
—1933
Gen mtge 4Vis ser
tA8eaooard All Pla 6s A ctis
Shell
120
86%
39%
60 y»
•
US
ACertificates. of* deposit—
;
V
■
W
86
1
3.
79
(Chemical Bank)
ACtfs of dep (Guaranty Trust)...
ACtfs of dep (Chemical Bank)...
;
6
v'-;'
59 %
60
r,
,
126
57%
57%
'
A 1st
'
126
125% 125%
-
(N Y Trust)—
dep
V;1; '
A-O
A-O
•Friday's bid and asked prices;
106
'
A
no
reorganized under Section 77 of
-
sales being transacted during current week,
Bonds selling flat.;
'■<
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
and
footnote
a
deferred delivery sales are
in the week in which
they occur.
following extensive list
furnish
security, whether stock
.every
we
or
a
(Jan.
complete record of the trans actions
18,
1946);
•TOCK8
bond, in which
York
Curb
Week's
Friday
Exchanre,
."'-Last
-
..
Motors
warrants
Low
—.
10
.
.
Acme
A
D F
Aero
.
Wire
v.w
Co
1'
Mfg
Air Associates
Investors
Convertible
Air-Waj
Ljcftrie
Alabama
.
22%
j
——2
preferred..,
convertible
Great
L—
'5%
22%
6
UO '
:
Nov
32
14%
N(j»y
100
19%
4,800
Aug
2% Mar
36V2 May
5% Jun
5,200
Allied Int'l Investing $3
conv
pfd
Allied Products
(Michi.^
Altorfer Bros* Co common..
see
9
page 341.
•
lo
•
18
11
20% x22'/8
.j
19% Sep
22%
9
9%
2,100
3%
190
99%
117-% 118
13
13
109%
14
>r
American
Dec
American
23%
■,
,
Dec
Dec
9V4
Dec
American
;
i34% Nov
''
150
60
200
115% May
106
6%
Jan.
Apr
.
122%
NoV
110%
Nov
14%
Dec
Book
24%
300
135
131
135
1,200
1
Cities
Convertible
; Class
"Class
Power
class
65
22%
51%
51
51%
600
47%
49%
1,300
—...—.—28
—.—1
~8%
'7%
8%
10
Foreign Power warrants-
.54—
50%
55%
2»/e
2%
48
75
37
Aug
48
Feb
American
Fork
60
1,100
29
Jan
60%
Nov
American
Gas
14
14
50
Jan
11%
6ct
4% f/<>
St
&
480
62
21
Hoe
common——•
Electric.
preferred—
3,900
St ^ight—
A—
—
47
1,600
65
Cyanamld Co common
&
5%
21
—28
B__
American
4%
——1
Mfg
A.i
American
4%
:——100
Co
Central
53 Va
8%
24%
—.—..—100
preferred...
18%
Jan
108
6%
American Beverage common
39%
Jan
131%
,
63
Dec
36 V4
,
:
Jan
Jan
19%
Jan
Jan
86Va
:■
Jan
26m Jan
122 ; NOV
Oct
110 Vb .July
119V2 NOV
25
Nov
Nov
6j/2. Dec
Dec
130
117%
250
112 V2
107%
7,800
71
Aluminum Industries common——?
900
High
Low
75%
117% 118%
,
Ltd common—..——•
Range for Year 1945
Hish
15%
——100
6%
preferred..
Aluminum Goods Mfg.L—
.
Aluminium
1,700
21%
Low
.71%
Dec
3,400
10
Shares
118%
Dec
5%
preferred-
for Week
Aluminum (Co common.....—.——•
6%
171/2
31,400
Sales
Range
•f Prices
Par
■;
x25%
18ya
17%
Week's
Last
Jan
5%
15%
I'';-;.''".
w
Apr
Sep
10
—...50
•'
Deo
lOYs
18
,
U %
1,100
16%
A^pmtiice
Jan
"
V'-'''
Friday
.
v
27
50c
Southern
2%
High
,3% Aug
9% Jan
;
beginning on Saturday
itself, and is intended to include
kaiaPrtee
8TOCKS—
New. York Curb Exchange
Range for Year 1.945
15%
,
17%
.,
5%
3,800
>
Alabama Power Co $7 preferred—*
$6 preferred.
Alles St Pisber common—
:
For footnotes
5%
18
(N J)
Aireon Mfg Corp
60c
5%
,
'C
RANGE FOR WEEK ENDING JANUARY 18
Low
30%
~5%"
•
common
Inc
common
11
V 30'A
—.—.I
B__
Ainsworth
~5%
.—.—..5
Shares
shown
dealings have occurred during the current year.
any
High.
9%
;■
—.10
Supply Mfg class A_.__
Class
Air
comuiuti_.__
the New York Curb Exchange for the week
Sales
•I Irwei :
Par
on
for Week
Range
..
Sale Price
ACF-Brill
RECORD
-
It is compiled from the daily reports of the Curb Exchange
■;
New
YEARLY
the week's range unless they are the only transactions of the week, and when selling outside the regular weekly range are
No account is taken of such sales in computing the range for the year, ♦
Jan.. .12, and ending "the present Friday
>
AND
disregarded in
In the
in
—
.-.—.10
——100
2%
25
24%
26
44%
43 l/s
45 %
111% 112
7,100
10,400
l%.Mar
46
54
July
48%
8Va
36»A July
jf,
.17%
31
350
xlll
Dec
25VrJun
Jan
4
14,700
6Vs Nov
62
Jan
Aug
44
42 Va
12,900
1,600
Mar
U%
.
Jan
Jan
Jan
Aug
50
Nov
Dec
Dec
NoV
2% Nov
2434
46 V»
115
Dec
Dec
Nov
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4457
(Volume 163
NEW YORK CURB
STOCKS
Week's
Sales
Last
Range
for Week
Bale Pries
»f Prices
Mtares
Friday
6TOCK&—
Curb Exchange
York
New
k:""k
■
A""'" aV"""";Par
14%
convertible
$2
48%
2926 %
Laundry Mach__——T—20
American Light & Trac common—25
American
k'.v
46
■
preferred——————>—25 :k;k"A"" A;
24
Mfg Co common-.——25
Vmerican Maracalbo'Co.—
—1* :,A.'vA?3%A;
ki; :Ak"
American Meter Co
Aim# *»,fW^
Potash
American
American
,
mt»
'
Jan
26%
Apr
20
NOV.1;'.'"
32% Dec
24 y2 Nov A
6%
1% Jan
44
Jan
19 Va
Dec
'19% Dec
11%. Jan
21
21%
35%
;
American
.
Seal-Kap
—3 k 1A" 9Va
common...
Superpower Corp
$6 preferred——
1st
100
com—,
—...
preferred...—_———.—•
5% preferred—.—5
Writing Paper common——*
$6 series
Thread
"American
American
8%
3
'119% 119%;
51%
47% 52 %
7
6'/a
7%
-
.
%
4%
49%
".."5% Jan
13
4,800
NOV
Dec"
3434 Nov
7% July1043 a
118
3% Jan
11%
,
,
Chicago Rivet & Mach...
Chief
Anchor
J
Post Pence- —
Anglo-Iranian Oil Co Ltd—
£1
Am dep rets ord reg
....—1
Angostura-Wupperman
Apex-Elec Mfg Co common—.....
Appalachian Eleo Pwr 434% pfd*. 100
1
Argus " Ino ■
.,
«!,
imi-f «•«*mm
12% '-
„
41%
03%
6%
-
9,400
25%
13 %
10%
1,700
10%
10
lioy*
B;rm & Coast RR Co
Atlanta
Fisheries
Coast
7,700
—.1
A; 10%
u%
-
15
90
;:?9%
?
10% Dec;:;
*
Cockshutt
4
Nov
Colon
17
Feb
Colonial
July
104
Machine—...—.—*
10 V4
A Avery (B F» & Sons common
9
••6% preferred-—..25
Ayrshire Collieries Corp.
21%
;
Aug
;
12%
91
Dec
2%
Jan
10
7% Aug-.
-
v
.
8,000
27%
18Va
8%
10%
Jan
20%
23
Jan
29%
97%
3834
5%
i
w
:.A
preference
•
97%
100
——
...
Commonwealth & Southern
28% Oct
warrants—
■,
$3
preferred
Coo sop dated
-
47%
49%
47%
48%
'
29% Jan
4,000
;kj; Rights
"
Deck
„
,
■A;;-/;-.
prelerred———;**—*L—*L—30
7%
Banco de
los Andes*-
American
Seelig
Beck
iL>
I
11 %
A
common—.0
21
S)
Shoe
*.—*:—*1
Corp
;
3
Feb
93k
Feb
11 % A
Jan
-
'
-
125
Mar
9
Jan
:
"
k
X7%
500
"2,700
";.kk;20,;;
.
f"403k
100
403k
A
1%
Jan
15
3Va
*•
; ;
•
36%
Textile
Corp..
Co.—
3534
3534
1134
A 10%
1
29%
28
Fdy & Machine Co—
Continental Gas & Electric Co,-r
prior
1%
preferred
110
25
'
-
•:■'■
$6
&
150
44
12% Jan
% Jan.
*—•
.
34%; Sep
,
20;
15
AeronauticaLj.—...I
;•
3%
Bridgeport Oil Co
6% Dec
26
Jan
Jan.
.
Mfg
Co eomraon—•
A————
17
Dec
A
%
British
American
V
Oil Co.—•
Jun
Tobacco—
.
21
>
;
35.
dep
rets ord reg
Celanese Ltd—
British
24
6%
Feb
23 Va
Jan
19 V*
Jan
23%
Dec
a; 5ya
"4%" *4%
ClaSS B....
100
45%
(ELi
Bruck
Silk
Co common....—
Mills Ltd
101
24
X
39,600
(
..
.
;
10%
;;
Feb
3%
12
5
Buffalo
*
5%
Niagara Electric
k 3,700
,: ,350
17,500
600
,.
700
,
k
Bunker
Hill
&
Sulhvan.—2.50
dep rets...
3
—
Burr? Biscuit Corp
—p.—.12 %c
Butler (P H) common
—.25c
15,700
11%
12
16
—
Sep
Detroit
De Vilbiss Co common
9% Nov
48
Feb
15%
Dec
Distillers
Co Ltd—
.
,
"
,
-
Dec
106%
19%
17%
3%
Dec
Dominion Bridge Co
11,100
;;3
Jan
13%
Dec
Dominion
Jan
10%
Nov'
.
40%
383k k x38 i
78
;
75 .
634
^
7%
.
84
73k
(
2,600
800
53,000
Cables
&
.Camden
Fire
Canada
Bread
Corp.
i
Insurance..
Co,
*
common.—I*
Participating
Canadian
preference—....25
Industrial
voting.—
Class B non voting...
Canadian
&
k-:r A;
3%
5%
Dec
Dunlop Rubber Co-
Dec
.,
:
-
Sep
13
Nov
Duval
9.900
6%
11%
4,900
6% Mar
—
'
w
,w*.' '
<
— —
.
'
-k***
_
••
•"
Jan
20
k,
--.,7.■
A. v.-
Jan
5
'
."
July
14%
25
•
■.
■•:■"*-
■
Akk;"
30%
32
300
17 3k
18
300
•
14
14
434
A :■ 4
32
..
July
1
34
"*
——————
———.—*
P & L $5 pfd——
com
see
14%
3,600
1534
900
-*
Jan
8%
Jan
East
Apr
108 Va
Apr
29 Va
Nov
prior preferred——————*100
preferred
.—.——100
Eastern Malleable Iron
*——2$
Jan
20
Dec
page 341.
1
ion
•5%
Apr
17
26,500
550
4%
1%
Jan
6
16 Va
32 Va
35
33%
33%
25
28
Mar
21
25%
800
12
Jan
57 Va
•
——
—
24%
57%,
6
160
59%;
'*
■
**
13
'
'
—
13%
,
200
Jan-
4
Gas & Fuel Assoc common—
■
.
7.600
734
6
7
.
~8%
.
$6
Nov
,
""
.
434
'
preferred series A.
preferred series B
Sugar Associates—
Dec
$5
preferred
Easy
Washing
Dec
573k Dec
119% July*
16% Nov
42%,
■
434
'1
3,200
4%
72%
7234
275
5134
375
75;;',,
53
2,050
150
76
74
74
;'
54%
Eastern
May
21%
7834
4234
Stages Corp.
30
Sep
Jhn
Dec
■
7434
40%
'
850
99%
:743k
—
$7
99%
99%
% %
33
Feb
■42%
110
'■
■
Nov
X10234 Nov
Apr
Jun
66
k
Jan
103
A
Nov
934 Nov
8% Sep
20
834 May
:\k.. 3% Jan'
•
■
11% July
Dec
7% Nov
16 Va
•
8 3k
25% May 1
88
May
Aug
Dec
Nov
108%
■'■■■■
*k:
mm,-*
15
■
7k'::
Dec
14% Dec
Nov
5 A
■
Texas
-
34V4 Nov
; 33%
;
Aug'
84
.'..
:
Duro Test Corp
llVa
*
-
common———1
Sulphur
*
10%
Va
'mm mm'
-
dep rets ord reg
—JE1
Hosiery class B common.—*
7% .Jan
".
11
•
III*
Co class A
For footnotes
•
10%
3
.
Co common—,
(J W) Co
..;'•
67'
'
;80
Dec
6% Dec
,
Apr
74
Durham
Eastern
,
Products—
—
.
ll%"
*.
Class B
'k.
^
;
3834 J»n
'
Nov'
,;19
20,
Jan
434 Apr
634
—*
Ltd—%
21% Dec
1134 Jan
a
Ltd———w—*
Duke Power Co—
Dec
4%
Jan:
;
Sep
123k Oct
13% Oct
15
Corp..*1^——»—^—*
Co*————-.10;
7%
.
Jan
1134
•
;
Marconi
City
tarnation
Carter
1%
J.,500
.
..
Jan
Alcohol-
A
Carolina
4%
'.
-'
1034 Dec
k 25% Mar
'"
100
Canadian Car & Foundry Ltd—
Carman
-43k
;
5
Ltd
Canada Cement Co Ltd
6% %
preftrred
Capital
4%
4L ''
A"
1,000
Am
...
Tungsten
Class
:
Wireless-
American dep rets 5% pfd—....£1
Calamba Sugar Estate—j;
California Electric Power
....10
Callite
5%.
A" 53a.
5%.
Dec V
Nov
Steel & Coal
Driver Harris
trust certificates.——....50e
Jan
634
38
3.000
:
Ltd—*
Textile Ca
Dec
21%
k
Jan
39
B————28
Dominion Tar & Cheni Co Ltd—*.—*
Nov
26
18% Oct
dep rets ord reg.,—————£1
Corporation ———
1
Dobeckmun Co common.—————1.
Domestic Industries class A com—1
22
Jan
Jan
Am
Nov
Nov
5% Jan
A
■
Deo
Sep
14
k
2534 Apr
; 10% Feb
——It;
—1
Diana Stores Corp
Dec
.10%
Jan
Dec
155
27
——10'
preferred...—
7%
1634 Dec
155:
-Apr.
134
-10
Steel Products——
15% Dec
-
Apr
20% Aug
6%
Detroit Gray
Sep,
Dec
••4034 Mar
•
73k Apr
5% Jan
....
8
Dominion
Voting
Dec
A* 5034
Jan
;
35 V» Feb
138
Draper
Cable Electric Products common^.—50e
,
11% Oct
:.50c
Dec
Jan
4%
47%- Dec
i20
1034 July
100
; 10% Jan
1%, Jan
V
Oct'
3234 Dec
k--
Aug
82
72,800
3Va
Oct
72
:
:'k'.' 4% Mar'
250
Nov
634 Oct
.
A12
Dec
Dec
9
Jan.
IApr
22% Mar
preferred.—.——————20
Iron Foundry———J
Detroit Mich Stove Co common.——1
100
Mar
164%
"22»
—
Divco
200
1734
11% July
k
;
32
32
-
16% Dec
•
Jan
Derby Oil & Est Corp^i
i—
*
tc...Mfg————1
Corp—.
105% 105%
.A21A." 22%
Jan
234
.;•
Detroit Gasket
4%. Dec
': 9%
.100
Dec
434 Nov
2534 Apr
.
10
•..,.
Dec
Jan
:,334
1,400
i:
Aug
;;,'15-
300
50
$6 prior preferred—
8 %. debenture..-.——.
;
Dec
10
preferred
Burma Corp Am
.
Jan
33
;
45" • Nov
10%
34
310% Nov
,A8
July
.57% Mar
7,500
5,300
;s ;
,
1
.
31
Mills—
34
Jan
Buckeye Pipe Line.—.
-
24
7,900
Dejay Stores common
50o
class A common—-—8
;T1% Nov
Feb
91
s
Jun
'
:t 17,300
46%
:
Jan
20
67%-;
ioo;
Brown Rubber Co common—.—.i
5%
Nov
Deo
0
8% Oct
:
:
Uenmson Mfg
7%: NOV
28
^ 2>/a Apr
32ya:"
31
Distillers...—i
prior preferred——
...
«
'A
Jun
20 Va
10%
ioy8
Brown Forman
Bruce
I
Sep
;
Brown Fence & Wire common—a
Class A preferred——..—. •
.
32
825
,
8 34
10934 Dec
2% Aug
C/iassAcon vertible..——_3fi
Nov
k
;;;
.
32% Nov
Jan
84
53,800
Drug Co common.—
convertible preferred—
Havenport Hosiery
Dec
19%
Amer dep rets ord reg———lot
British Columbia Power class A—*
$5
2
60.
.
Dec
14% Dec
". k; 234 Nov
1434 Mar
10,100
Apr
30
,
Dec
20% Aug
ft
.
Jan
;-'"*%, Jan'
;
2,000
.
113
Sep
'
6% Aug
'
Am
?'■
102,500
4434k
7%
ior a
5%
6%
15
Nov
May
,
Am dep rects ord bearer.——*»—JIV
*
2%:
;
102
200
—8
....——
Dayton Rubber Mfg new com
American
Dec
Jun
6
11%
Mar
31
Dec
A 24
Feb;:
5% Aug
;
Nov
79% Nov-
:
i?i 2% Aug
780
—28e
:
28
Crystal Oil Refining common^.——*
$6
preferred.^——
.,*—10
Cuban Atlantic Sugar..—.
—5
Cuban Tobacco common,
Curtis Lighting Inc common
2.50
Curti* Mfg Co (Mo;.
"
11%
,
Brewing Co—
Crown
Dec.,;
4
29% Nov
12,800
Crowley Milner & Co_.________.1
Cent Petrol (Mdi^._
8
Crown Cork International A-k—
29% NOV
.
13% Jan
1434
urowu
Nov
Nov
6
38% Nov
Crosley Motors Inc..—
Feb
Jan
Petroleum
Dec
2634 Dec
5,900
American dep receipts (ord reg)—£1
Croft
Dec
Jan
-:v
105
306
preferred A.—
Creole
76 34
.
Jan
16% Aug
434 Jan
11134
1%
s39
:: 6%
7%
Reynolds—^.—..
,
;
4334
v
2,600
I
30
,12%
2%
43 .:A..
Petroleum common
—1
convertible preferred—.*60
Court&ulds Ltd-r-.
;
28»%- Sep
53 l/a Dec
Jkn
32
$3 2d preferred—j_
•
Brazilian Traction Lgt Si Pwr.——.*
Breeze Corn common.
———..-—J'
British
13%
■
Cor; '.on
Jun
116% NOV
1034. Oct
Apr
Jan
10,300
■;
29% : 30
I
Coro Inc d.
A
;
11%
Ill
111%
——100
Co..—
Cornucopia Gold Mines.
I
37
.
.
Range
Copper
Dec
6%
Jan
5
Cook Paint & Varnish Co.———•
i
Dec
67%
Jan
9%
100
Bowman-Biltmore common..—.—..*
1% 1st preferred-,—-———
100
Class
—.*
10a
Steel
34% Dec
v
Jan
51
BrilJo
234
5%,
Dec
Dec
11834 Jun
..
8% Jan
Consolidated
15% Nov
15%-Jan;
Brewster
5%
9,400
v-
Jan>;
-40
.87"
Dec
106
30..
4.900'
3,000
25%
Cosden
Blumentfcal
.
A
:
10
5%
1
....
Continental
" 463k Feb:.':'"""
Mar
36% Mar
,
l
Inc—
290.
117
110
,
34 Jan
,314% Sep
67
26 ya
.
30
Blue Ridge Corp common.——i_—l
$3 optional convertible preferred—.*
Bourjois
900
24 Va
Dec
10 y8
_
116
109
—10
Oil
25%
2,100
91
4,725
Royalty
Dec
••:rr43% Mar
Jan
734
Dec
5%
Fet>
2,300
Dec
23
•
Nov
4% Nov
;
,Jun
82%
•i
•
...*
1st p referred...
21%
A
41
Jan
1
Dec
Oct
101
1134 Jan
78'/a
NOV k:;
Dec
Blauner's
Borne Scrymser Co—
kk.
9%
Consol
1534
6%
($>,& Co—
Bohack (H Ci Co commoa..——
2,000
81%
1:
■
21 %
common
A
1)34
Jan
——1
Retail Stores
k"
i 24.34
Sep "
3% Aug c,;;
8%.Dec.145,k Jan A,. k 168
Dec
Jan
(E W)
71
Gas
Consolidated
Dec
"•■'•4634 Oct
2734 Jan
Mining k Smelt Ltd——8
Utilities
Dec
7% Dec
1/64 Jan
9%
A"
553k
;•
183k Jan
14% July
10% Aug
..——,
630
1,100
100
preferred senes C
4%
17%
.45
Oct
Consolidated
.
NOV
135
1854
3,600
.
171 */4
17!
106
200
59
25 *'?$
Yki
preferred..——....—.*
common
-
Consolidated
Dec
25%
8% Mar
'■
;
Berkey & Gay Purniture—.3
7%
.
Dec
10
■■■'■
Biekfords Ino common————*1
Birdsboro Steel Pdy & Macb Co com—•
Bliss
t
Dec
20?4
Apr
5%
16
56
:>0:;23%
Canatja——
.—.100
Hedges common—..—*
15%
■__:,
15
;
V.::
'
'
19
A-**'
16
:'•'•:
150
17.600
21V*
19
'v':
"•"
Aircraft .common———.!
&
k.
k A 9%
100
——1
21
%
——*♦
common
Convertible
i:
78.100
;12
10%
Bell Tel of
Benson
12%
9% Nov
Mills Ino common.——.10
(A
jjeilatica
i
Oct
83k Nov f
'3431 Mar
1,450
—100
:;.«%%• series B preferred
Apr
1634 Dec
""A'■■■■■
500
A3;.;;
2%
Nov
70%
.May
41
90
50
;
3% Aug
560,800
;
4Va
20
—
Dec
Jun
Jan
Consolidated
8:
1st preferred.
Brummel Ties
R»aunit
Aug
1034 Jan
3,300
Mfg-*-
convertible
Banmann
Beau
43
40
50
.
;
»
Basic Refractories Inc———1
7%
17%
.
&
$1.20
41%
16
shares.—
Barium Steel Corp——.—.—
Barlow
.41%
16%
1
Co
w i ;h_.—-v.—
Dec
2234
2,300
19 y8
| 434
Nov
8
11% Jan
y
3,000
3%"
.
■
„
28 34
3% Jan
.
A'i-'A 8
31,000
ise
%
common.——.—*
Biscuit
4%
934'
7%
'
Jan
28%
■
4-—.—.*;
——
Consul G E L P Bait
Baldwin Locomotive—
Baldwin Rubber Co common—I
5,400
99%
Rights
Coup Gas & Coke Secur common..—.*:
Babcock k Wilcox Co..
: '.t;!K;'55'o:.6,400
,;6%A
16%
4034
33
1334
35% Jan
500
..
43%
Oct
16 Va Mar
'
:"5.%
;
8%
Dec
Nov
18% Dec
Jan*
800
.
Dec
13%
142
Jan
9
1,270
8%
4%
Oct
125
300
;
16%
16%,
;
1 ;;::33%
i
;
76
70
:
-8%
'
V
4,300
74''
\
...
—
14534
19% Jan k,
1,700
49
41%
10% Nov
w*
;
'4734
Dec
8% Jan
•
Dec
,
30%
Jan
34,800
19%
18%
•
48
.*
common
174
.
Jan
11
400
1,350
8%:
4-34 •>
Jan
Jan
'.
Dec
Apr.
12
.
3.500
;
117
Dec
3
Jan
16% Jan '
2,800
£> a;
12
Kite; Coloraao Fuel & Iron wrnts (new)— Ask; 8% :
Colt's Patent Fire Arm&___—
20 '
42 ^ *
Columbia Gas & Electric—
:
,
;
.
Dec
5%
17 V* -Jan
2,700
-
~
Co
Airlines—
,19%
*
Development ordinary—
17% Sep
400
.32 .a;;
29%
37 34
37% ■
Community Public Service—.—.—23
^ 3% :• k-3%
Community Water ' Service.—L.—Ik
Compo Shoe Machinery—
^
'
•:V t 0 extended to 1946
; 17%
$
Nov
Jaii
18%
Plow
Co
;
'O 7%
7%
100 ,ViJ
^
Utensil
•'
58 V*
31
Dec
Nov
50
85.
•
2,950
;.
1734
11%
U 11% :
l
Ik Clinchfield Coal Corp
Jan
14%:
16%
1734
Neon
Aluminum
14%
Nov
145
-
110% Mar
Lights Inc..—
^
S
Clayton & Lambert Mfg..
Cleveland Electric Illuminating.——.*
Club
A
151 Va
148
21% Deo
22
1134 Sep
% Aug
340
43,100
Nov
20
.
343'a Feb
•
Controller Co
Claude
Oct
15
29,600
26
17%
Automatic* Voting
29% Dec ;
;•
100
;
9y»
24%
—
—
Clark
.
% Jan
625
;;
A—J
Products.
Automatic
.
%:$,
8% Aug
15.000
16
Line Co——.—50
Atlas Corp warrants——
—
Atlas Plywood Corp.———————1
Dec
,
3
9.700
.
pfd—100
.
;
115
150'/a
Dec
4334 Dec
734 Dec
Jan
112
39,000
k
34%:
48
8% Feb
10% Jan
875,
160
Dec
;
Aug
3% Aug
1,500
3
2%
30%
preferred B-..i——:'A
101
11%
Atlantic Coast
Dec
16% July
7% Apr
4,0oo
,
:*—•
Atlantic
Dec
Feb
;
A 3%
Tel & Tel class A.'
Dec
7%
;11%
Jun
13%
12%
,
Dec
7%
''
•
—
16%
150
"
3334
•City Auto Stamping—.-————.—*
City St Suburban Homes
..10
I5y8
;v " 37/e Jan
155
;
10
$6 preferred BB—
,/
1534
.
Deo
Aug
18
50
Dec
52
122
1634 Jan
.
45
2%
1.
,.100
preferred
60c
Dec
3% Jan
32,000
;
114% 114%
25%; 27%;
.
'
116
$6
;•
Dec
7% Jan
6,500
..
Nov
41
Jan
iv*
7
10*%
10%
:
14
6%';
6%
•
.
Associated Laundries of America....—*
Associated
■
12%
'
7
111 Va
70
114% 114%."
May
6%
Jan
3
20% Jan
600
42 y2
20%
17% Aug
•:
'
5%
5y«
42
6T/a;
preferred^..———————^—10
A) Arkansas Power & Light $7 preferred.*
Aro Equipment Corp
L...—3.50
Ashland Oil & Refining Co-ii..—
"Associated Electric Industries-* v: A • ■;;
A
American dep rects reg—
——£1
19%; v^/Sb'1
2,600
5%';;
19%
19%:
mm *» —
class A non-voting...—..*
Common
Consolidated Mining..—.
lOhilds Co preferred
12% Dec
147
,
43%
;45
16
Cities Service common
Arkansas Natural Gas common—
;
11
147
147
Apr
12
173a Aug
63
.' Jan
450
18
21%,
Dec
122 %
Feb
18
Apr
22
■
H Apr
•
,
50
18
21l/a
120
10734 Nov
Apr
Jan
12%
Dec
14%
118% May
■•
20%
'
Chesebrough Mfg—
^'..25
Chicago Flexible Shaft Co common—*
Dec
834
Jan
Chans- Corp common
——.i.10
Cherry-Burrell common....
...——8
Aug
Dec
21%
Jan
,
;
Nov
135
Jan;
18
■
6,100
3,100
Oct
3%
Jan
Dec
120
50
8,400
10%
9%
9%
-
9%
4% Jan
A 2,000
,125,400
9%
2%
*
2%
—.
High
■,
Jan
24
400
,
Amer
Low
3 4 34
1,300
34»/a
"■
'''
'
a
••
59 *" Dec A
Jan A"
41%
30,100
Dec
-
■■21''.
10
& Co
Range for Year 1945
High
low
•
...a.
...
bhares
14 Va
Corp of? America...
—1
14%
15
12,700
Central Maine Power 1% pfd—100
Central New Yor* Power b%. pin—100 V 105%
430
:
105% 106
Central Ohio Steel Proaucts. ———————l :!A;—' ;;V.-;Al9;''
A; 1,700
21
Central Power & Light 7% pfd
100
Central & South West Utilities—50c.
11 y8
33,000
10% •1134
5Cent States Elec 6% preferred—.^100
43
3934
1,525
' 4lVa
1 ■
77c
560
preferred,J..100 - < 117
112
120
; Conv pfd opt div ser
41
"120
38
—.^100
.v
•;;
Conv pfd opt div ser 29———100
200
36
39«/a
36
Cessna Aircraft Co common.—..A >
6%
6%
13,300
(5%
Chamberlin Co of America————5
21
29
6,500
2534
Oct
A 31
for Week
Catalin
July
25%
275;
56
55
(A M)
Dec
17%
24
I": 16
18%
...—10
—
Castle
Dec
-
'
Chemical—.——*
&
Republics
.
Dec
29%
Jan
AAA; '3,300.
5 %'"' 5%
43,200
42% ;'46>LT-/
300';
•
*4-«*>««»•» am
28%
28%
21%
•
50
Mar
k: 1.00';
26
Products
"
Sales
Range
,
Par
Casco
45'/a
18
32%
,
''
Dec
54
Last
,
Sate rrieo ■-■''"at Frxea
14%
"
Week's
Friday
Exchange
,A
;k'Riafc
Jan
2,000
500
,
46
X25 VA
25%
American
«oaM>
41 Va
14,900
29
45
6%
:
700
400
:
a'
.
8Va 'Jan
47% May
Hard Rubber Co—————23
American
Range for Year 1945
Low
14%
49%
14%
48%
Corp common—10c
preferred-—.—...—1
$2.60 convertible preferred—.——1
.
New York Curb
"
High
Loio
General
American
EXCHANGE
WEEK ENDING JANUARY 18
RANGE FOR
———1
Machine
B.
12 y2
,
22%.
$3,50 pfd formerly $5--—.—
$4.20 pfd. formerly $6——
7534':
76%
■
1334
26%
12%
Economy Grocery Stores.—r..
Ilpctrifi Bond k Share common.
28
2.475
3,900
A
250
109.100
21
*•■
23
72%
75%;
900
■76%
77 34'.
1,800
'
234
8% Nov
Jan
100 Va
78*4 Feb
463k' Feb
.;
;
4234
Jan;
1% Jan
33%
Oct
5% Nov
8434
May
Dec
81
'4734 May
47
Nov
82%. Nov'
Dec
393k Jan
Jan
8
17
Jan
93k Jail
70% Nov
73
,
Nov
,
'.
:
CHRONICLE
THE COMMERCIAL & FINANCIAL
338
EXCHANGE
NEW YORK CURB
JANUARY 18
RANGE FOR WEEK ENDING
^
Monday, January 21, 1946
'
Week's
Friday
stocks
Last
Rang*
Sale Price
Exchange
Cork
York
New
of Prices
Low
Electric
& Light
Power
■
Elgin
Elliott
Co
11
10
common
5%
preferred
District Electric 6%
Derrick & Equipment
Equity Corp cominon.
Empire
30%
,.
:
ii';
Esquire
4%
52
Jan
.
Dec
Dec
Dec
15%
16%
31% t?.
51
43
52
15%
-
Dec
Nov
77.17%
7 %
Oct
Oct
Cigar
Falrchlld
$2.50
& Inst Oo.
2,500
a Airplane.
39,200
Camera
Engine
Falstaff
600
16
Dec
100%
Dec
Apr
27
38%
Feb
106
15,000
{7 300.
Metallurgical.....
11%
Oct
1
Federal Compress ft Warehouse co—21
Fire Association
(Phila)
It
Corp
Nov
7%
Oct
—.—
Dec
23% Jun
27
Ford
dep
56
75
50
Investors
July
Jan
8%
Class
a
b
voting
France—
22%
-
rets
dep
Amer
Fox
1
Grain
Fuller
& Malt
preferred—.... Ill
27%
60%
62%
1,600
28%
28%
25
23% 725%:
23%
23%
Dec
31%
,
Dec
Jan
105
" Jan
131
;.-37;
.
:
7%
Julian
9%
Jan
87%
Jan
7 92 y4
15%
200
17%
2% :*
co
.
10
9%
•
27%
9%
Fireproofing common
General
Outdoor Adv 6%
General
Public
Service
pfd
$6 preferred
8%
29%
•
"8%
~9%
1
5%
107
—•
Gen Water Gas & Electric common
$5
preferred
107%
92
23
3,100
100
Co___
53
•
Gladding McBean ft Co
:
.
*.,23
54%
Oct
Kleinert
Knott
'110%
110% 110%
50
108% Mar
114%
Dec
200
21% Feb
29%
Nov
26%
ul, at///
;, 23".
18'
•
»May
Nov
.
K
111
,
7
Dec
Harvester
Alden
Gobel (Adolf)
2iy4
32
-
Goldfield
Consolidated
Goodman
Inc
71 %
13
47
t
May
July
103
Mines..—. —1
class a
7%
-
...
Mfg
Co_
Atlantic
10%
Stores
Tea—
Stock
*
86
100
Hall
common..28o
7%
Ltd.
9
17%
9%
3,300
68 %•
71/4
^
7,200
1%
6%
6%
9,800
12%
14
24
4,400
3,500
16%
17
18%
3,000
-—25#
Helena Rubinstein.
Class a
17%
•
18%
13,200
Aug
53% Jan
30
Jan
common——.
7
12%
Dec
Dec
19%
Dec
8%
Jan
15%
100
108%
50
;
7 18
20% Mar
14% Jan
25
44%
2,350
f
■7 7%
8%
9%
7 9
Dec
45
;
Dec
17
11
Jan
16
Dec
Jan
110
Hoe
(r)
ft Co olass a_
44
.78
•
|
74%
Dec
14%
Holophane Co
26%/ 7
Hormel
common—
Inc
800
23
5%
Jan
27%
Dec
,19%
Jan
39%
Dec
78
2,100
33
Jan
78%
Dec
14%
2,900
9'/b Jan
14% Jan
14%
Nov
26%
Oct
21
Dec
; 27.
2,500
41
44
40
40%
43
450
40%
preferred
Howard
Hubbell
Stores Corp—.
(Harvey) Inc
Humble Oil ft Refining
Hummel-Ross Fibre Corp.
Hussmann
Ligonler Co..
$2.25 preferred.
Com stk purch warrants.
Huyler'e common.
1st preferred
Hydro Electric Securities
flygrade Food Products—.
y
Jan
13
Mar
May
30% Jan
110
Mar
41%
130
41%
113
Dec
May
Dec
Jan
-
37%
37%
33
38%
3,750
25
Oct
40
32
7
33'A
700
23
Jan
34
Dec
40% Aug
50
Feb
14%
Dec
77 7; 48%
51
37
124
Baking Co
Horn & Hardart common
6%
14%
:
(Geo a) ft Co eommon.
Horn & Hardart
v?
14
<
Hollinger Consolidated g m.
Herder's
•
77;
x28%
:'7 13
X28%
51
13%
4,100
30%
200
47%
45%
47%
16
15%
17
8%
8%
44%
44%
8,400
9%
46
525
500
3,300
150
"
ey8
5%
6ya
1,400
24%
23%
24%
1,300
7Va May
Nov >
Jan
33% Nov /•
42
Sep
48
7
3%
Jun
20
Oct
Jan
9v2
Dec
Mar
48l/2
Dec
3% May
14% Mar
6%
Dec
25%
Dec
21%
,1
Ltd.
1
Leonard
Oil
-
200
33
^00
6.700
8j/4 Aug
,
Lionel
For
footnotes
see
page 341.
Jan
34%
Dec
75
53
Jan
73
Dec
18%
Dividend arrear ctfs
14%
72
preferred
35%
19%
15
Mar
20
May
Dec
32
Dec
23%
Dec
32 "2
Jan
Dec
'
14% nov
100
350
Jan
15% Nov
1.200
-
i?./
22%
7,800
3% Jan
9%
6% Jan
14%
Dec
1,300
20%
32
75
10%
1
20%
7-r
v
33,800
44
45%
700
28%
26%
800
13%
27
28
30
-
7 14%
15%
—
2,200
Long Island Lighting co—
»
/ ' Common ctfs of dep
7 % preferred a ctfs of dep——
6 % preferred b ctfs of dep.
Louisiana Land ft Exploration——1
Louisiana Power & Light $6 pfd——.*
Lynch Corp common
—m
-
7'®' '■22m 1C
.
:
'
•
18%
2%:
3
Consolidated
25
Dec
Apr
2% Jart
24
Mar
18%
Dec
7
25% Oct
(./{y
—
18%
30%
Jan
6,600
u Sep
550
85
July
80% Aug
105
95
97%
2,475
11%
11%
12%
15,800
107
3%
109%
12%
17 /
33
Mfg Co—.
Dec
Jun
41%
8%
2% Mar
14%
1,500
Dec
114ya
Jan
3,400
Dec
99
Oct
32
Dec
111
7'v.7.,;. Aug'.
1,200
Oct
16% Dec
10% Jan
96%
Dec
26%
97,100
——1
'
; —* %
Mangel Stores common
(The b) Co
46% Dec
30%
~
106%
♦
Nov
Jan
250
19%
2%
.
■••■
1—•
mm
26%' 27%
Manatl Sugar optional warrunts
Manischewitz
t
mm'.'l'i''-' V:7;7
~
;v;27-m
18%
7
Feb
14
27%
7
100
16%
•
Oct
1% Sep
3,900
30%
30%
•
Loblaw Groceterias Class A
•
Class B
*
Locke Steel Chain
i——
8
Lone Star Gas Corp common—j—10
Lit Brothers common
Nov
4
Feb
>
31
,
3%
preferred—28
Oct
740
Feb
25%
7V
"3%
(r g) Inc
80
Mar
"3%
-
Dec
■11% Dec
Mar
4
48
10
'
Nov
Dec
22 '/a
/
21% Dec
;
Dec
34
12%
Jan
6% Mar
4,100
7 80
'
Corp
Mapes
25%
-
400
10%
9%
80
~
V24%
13% Mar
100
12
20
41%
Jan
18
Mar
40
; Jan
Oct
Nor
Dec
Mar
Oct
Marconi Internat Marine
Communication
:
-
Mass Utilities Association v t«——— 1
Massey Harris common—.
McColl-Frontenac Oil Co 6%
McCord
;
Corp
$2.50 preferred
McWilliams
Mead
15%'
Co
t.
-
4-;
7,100
14%
,7 40
22%
6,500
19%
43. 45
.
Merritt
Chapman
ft
.17%
1
109%
100
/ii /■;
1
11 %
Metal Textile Corp
—.—...250
Participating preferred
!
1—18 '■
"9%
Michigan Bumper Corp..
1
17%
Michigan Steel Tube
2.50
4%Michigan Sugar Go—:
—-—• v
12%.
Preferred
10 >
23%
Mlcromatic Hone Corp
:
1
17
Middle States Petroleum class a v t c.l
3%;
Class b v t c_:
1 Middle West Corp common—,
8 »• 21%
Midland Oil Corp $2 conv preferred—*
•
•15 - a preferred
6%%
:
v
10
9
109% 110
7
Dec
Nov
46
11
Oct
18%
Dec
30
Dec
4%
Jan
13
Dec
25%
dec
27%
Dec-
22%
Dec
29
7;
.
Jan
"
Dec
9.600 .7 : 13% Jan:'
,
1,100
v
12
'
12%
3%
7
100
75
8,600 / 7
7'
:': '
Jan
3%
9%
•
3,400
-
Jan
i 3
-
'
17%
17
r
4%
:
:
5%
.
12%
13%
1,300
23%
24
V
/
1,700
17
:
3%-
17%
4 -7
21%
22
15
15%
Dec
7%
Nov
/•/ 12%
60
>9%
Jair
19.5a
8% Mar
850
13.900.;
6%
: ;
—•
$2 non-cum dividend shares
Co
Mid-West
Midwest
common
—'—i
*
50
10
Nov
Jan
26
Nov
May
7 '
23
,7.
7: 5
225
Abrasive
Oil
Co
Piping
ft
Wohl
Co
.*
Supply.
Refineries..
2?%
Dec
18%
Dec
11
40
8%
12
38
5%
1
31%
common
preferred
Mlntng Corp of Canada
Minnesota Mining & Mfg
.j
Minnesota p & l 5%
pfd
—
*
50
*
—*
100
35
36
NOV"
925
28%
Jan
42%
Nov
Feb
8%
Dec
Jan
50
•:/'
26
-Mar
*
—.--1
conv
Feb
Jan
10% Aug
.:
•'
35
r
*
Dec
8%
15
»
2% Aug
-
Nov
Jan
Jan /
15% Aug
300
3,100
Dec
Dec
Nov
1%
12%
30,300
Dec
110%
45'" rJair
9
9%
*•• "
Jan
3%
66.200
/
Apr
Midland Steel Products—
Mid; ale
Dec
22%
Jan
36% Mar
// <•
3.700
' .•
8% 11
Messabi Iron Co
■h 7.400
25%
20%*. 24
r
10 v-
3.900
29%
,
8%': 10 /:
'724%.
23 v\
-
■'*
—
4%
14Dec
94 V'
Mar
•;•
'
5,'300 'i
18%.
28
9%
/ 24%
Scott—j--—*•/•
Warrants
94
''
400
i
13% July
Jari'
7% Mar
w
Feb
.
v29%
Memphis Natural Gas common...—8
Mercantile Stores common..-—
•>
*
Jan
1
2,200
94%- 94%
.17.%
*,—*-1*
8v«
4,000
■3%'
13%
43
—'*
—
15%.
13
3%
• / 14
j)fd_'—100 ■
-19%
—•
Dredging.
Johnson &
'
/
——
common.
6%
5% Aug
—£1
—*
Ltd
Co
Marion Steam Shovel
•;
39
fx- 40%
8%
8%
4,400
2%
11%
12%
3,400
8%
34
38
5%
5%
29
33%
86%
10%
97
9%
45%
;
Dec
4,000
11%
20
May
10%
20
12
23
Jan
12%
9%
20
—*
—5
15%
7,000
31
1
Llpton (Thos J» Inc 0%
5%
conv
15
12
Line Material Co
Miller
5%
13%
Dec
2% Nov
16% May
14% Mar
21%
12%
Development——
Le Tourneau
Midwest
33%
10%
Apr
U .Jan./
15%
10%
—8
—
b
Lanston Monotype Machine..
Lefcourt Realty common..
Convertible preferred
/ Prior preferred
—
Mid-West
Illinois Power Co common.
7
100
13%
—
10%
28
U
2,200
102% 102%
—
Nov
Dec
9%
3% Jan
in
55,300
12%
—.1
Class
Nov.
103%
Dec
25
;
31%
13%
Dec
77
Dec
22
v:
*
Heyden Chemical common
2
86
43% Jan
30%.
23%
30%
Oct
113%, Nov
Jan
52%
300
9%
1%
2
Langendorf United Bakeries olass a—*
v
8% Nov
25
325
43
67% Nov
8 '/ Nov
Jan
200
21%
Dec
Dec
16%
15%
Nov
Jan
6%
44%
108
Dec
23
.
161/4
w
Feb
•v,--; 7
43
•
common.
Oct
Dec
10% Dec
42% Dec
3% May
,
■21%
Mining Co
13
Jan
6%
•
w
9%
68 %
,
Dec
Dec
114% Mar
6:: Apr
27
,
1
5vt% preferred
Henry Holt ft Co
/
,;1,850
700
|
Dept Stores common
15%
Feb
1
_
Dec
24% Nov
July
31
otfs
.
47%
Jan
40%
Hearn
Co
140
38%
Hat Corp of America b non-vot com
Hasseltine Corp
Heller
117
8
Paper.
Hartford Electric Light
Hartford Rayon voting trust
Harvard Brewing Co
Hecla
Jan
109
15%
Co
24%
x24
35 % Mar
10% Mar
■v
•
Products
Lamp Co
Bridge
Apr
jun^
.
127
21
—
pfd
100
Gypsum Lime ft Alabastine——•
Hammermill
;-v 14
Dec
Aug
;
v
-
Utilities $4.40
Hamilton
64
37,
8% Aug
Pacific
Great Northern Paper
Greenfield Tap & Die
Gulf State
7% Mar
(Cal).
&
Non-voting common
7%
1st preferred.'
Grocery
Jan
May
f
8%
26
113% Nov
20
22%
Oct
16% Dec
Apr
23%
Lakey Foundry & Machine
Lamson Corp of Delaware
Dec
Nov
39 %
—•
Grayson Shops
Great
48% Dec
.
18
100
76
22%
._—
Dec
52
/ 22%
—1
July
7 14%
10
pfd
conv
2%
Jan
20
common.
Graham-Paige Motors $5
106
Dec
Jan
47
Grand Rapids Varnish
Gray Mfg
Jun
% Jan
39% Feb
preferred.
Gorham
Jan
-
...
—00
.*
86%
76
22%
1135%
8% May
75
76
33
Co
Lake Shore Mines
Des
•
Oct
,r'
Dec
7%
.
—•
Mfg Co
$3
25%
3% Jan
48% Jan
*
class a
prior preferred
Gorham
24%
Jan
1
common
/ii5%
10
—•
common
Lane Wells Co common
17% July
•
Inc
Dec
1,250
7%
L sin
Dec
Nov
17%
•
Godchaux Sugars
Class
b
$4.50
2.BC
Corp
Coal
Dec,
25
14
"86%
86%
Dec
53%
25/
Jan
8,500
(i b) Rubber Co
Brewing
Dec
13
114% 114%
Jan
35
;v,
Gleaner
Glen
Co
20%
25V8 •; 28%
28%
Nov
900
1.200
V
13%
d"
»•?
121
116% Feb
20
Dec
110
•
v; Nov
25
23%
":'v
Co
ft
%
19
25
Corp common.
Krueger
21% Nov
52% .May
>;,12%»-Jan
.j*
27
19
Kobacker Stores new common——1
117
Jan
Nov
111
Kresge Dept Stores—•
•
4% convertible 1st preferred...—100
109
108%
107% Mar
—•
6% Dec
Jan
7
20% Nov
Jan
40
—
10% Nov
,Jan
15
Dec
Dec
1
4% Jan
104
110%
preferred„_100
*
Inc.
(d Emil)
107%
Jan
37
Klein
125
109% May
31%
•
Dec
£.•'29 %
•
Jan
13%
•
Oct
9%
Jan
111%
111% 11214
•
,
(ac)* common
Preferred
Gilchrist
1%
21/4
,
1
Geoigia Power $6 preferred-..——.•
Gilbert
Jan
Dec
4ys Mar 77
110
Kingston Produces——1
Kiiby Petroleum
—1
Kirkland Lake g m Co Ltd———1
Dec
10%
:
Jan
54
6 Va
Rayon Co a stock
!
Shareholdings Corp com
convertible preferred
14%
Dec
',.v
101
7
General
18% Dec
18% Jan
107% 109
100
•
General
$6
11% Nov
Feb
9
9%
9
Warrants
General
Dec
14%
Jan'
•
Dec
29
:
110%
Kimberly-Clark Corp—
4%% preferred——
Kings Co Lighting 1% pfd b-.
100
5% preferred d—
—100
King Seeley Corp—.—
1
'
14% Aug
6% Apr;
13%
13.
-1
I,
2%
Jan
1
Dec
Jun
V77,-.v'-7/7
20%
—
■—•
(Walter)
Kidde
7/y
Amer dep rets ord reg
General Finance Corp common
5% preferred series a
2,700
108 7 108
5pfd—100
100
....*.100•'
Key Co common
nov
14% nov
1 % Jan
3%
.;
Jan
42
8% Oct
19
Dec
Mar
40'A
% Jan ?1
7
825
1,300
27/a
..
11,200
2%
Nov
6% Dec
Jan ..7
Jan
12%
•
12%
>
13
2% Jan"
28%
28
f
22
.
Nov
21% Mar
/
8% July//
;
37
;t;. ' l'7'
Dec
Gen Electric Co Ltd—
;
36
23
Z7
Oct
5-^3% Jan
preferred.
3,400
23
*
7% Aug
Gatmeau
5 %
Oct
700
2%
Dec
Garrett Corp common.
Gellman Mfg Co common.
General Alloys Co.
Sep
18%
2,400
Ken-Rad Tube & Lamp
13
18%
900
26
•
Dec
Kennedy's
common.
15,200
24% j
13
/
,
28%
9% Jan
5%
2%
preferred
preferred—.—..
ft Kokenge Co
Kawneer
Co
900
39%
J
Kansas Gas & Elec 1%
Power
Feb
20%
5
12%
Nov
•
24%
.
12%
28
———*
Jersey Central Pwr ft Lt
6%
26% Nov
68 7
:.V';
Jan
Jan
77
•
Oct
Jan
36%
~
•
19% Mar
719
36
*
Dec
55%
(Geo a) Co
convertible
26%
5%
—j
Nov:
9%
17%
(3 conv stock—
4%
Nov
12%
1
—*
20
17%
common—
113
38% 7"
voting trust Ctxi—•
34
10% July
Jan
Stores
Froedtert
Feb
23% 77
:
preferred——-•
Jeannetto Glass Co—
li
241/2 Aug
3% Jan
(Peter) Brewing
Co Distilling—
#)y
'
,7% May
5 % Mar
Franklin
Franklin
Oct
;:' 85%
97% 104
,
I
•**
1
3% Jan
bearer——...
Fort Pitt Brewing Co
100
Jan
Ford Motor of
v
Jan
24%'
shs—•-
Irving Air Chute
Italian Superpower a
Jan
22 'a
*
•
non-voting
Class
•57
'.7
—10
Royalty
Iron Fireman Mfg
Dec
Canada—
of
Motor
5% Jan
11
ord reg
rets
Jun
95
93%
24
Power $7
Dec
116 ;..
100
60%
Razor b
—r*
International Utilities Corp com—.18
Interstate
12% July
30%
Jan
26%
International Safety
Nov
Jan
Jun
*
coupon
Products
Dec
Jun
15 ;>
24% Sep '
112% Sep
114% 115%
shares
Registered
International
Nov
'
14% Oct
11
8
15
52
103
-
International Petroleum
■
;
777,917/ 92
93%
Machine—....,,
Warrants
Ford Motor Co Ltd—
Am
7
—m
•
International Metal Industries A
International Minerals and Chemicals—
16%
.2,350
Brewing
Fansteel
Fedders-Quigan
56%
225
pfd
conv
11 7' Aug
3
May
29%
92
of North America—m.10
International Hydro Electric—
Preferred $3.50 series
Pairchild
High
32% Oct
6% July
f ll% Jan
712 % Jan
14%
29%
Dec
;
Sep
Insurance co
International
33
48
.:
Low
13% Mar
11,200
15%
-£2
7;:7 15%
12%
14%
100
preferred
32%
-
15% 715%
15% 7Z
v
Indianapolis p & l 5V*% preferred.100
Indiana Service 0% preferred
.100
Nov
54
May
30ya
9,800
4.
Jan
25.
250
Oct
108% May
7% Mar
3,600
57% i:
77
Sep
Sep
.
Range for Year 1945
High■
•
Registered
Imperial Tobacco of Canada
—i
Imperial Tobacco of Great Britain ft
Ireland
—£1
/ '7:/,33% Jun
10% Aug
: 1% Jan
1,650
30%
,
50
36,800
54
53%
Eversharp Inc new common
Jan
104%
10
50O
.7
15%
Pipe Line common..
8%
7
19%
77 58
Imperial Chemical IndustriesAm dep rets regis
Imperial Oil (Can) coupon.
.
Jan
15
■7
250
•
14
30%
*
Inc
Eureka
51%
3%
4
53%
—*
22,000
110
/ 13%
10i
preferred
convertible
liy4
35 y4
1,150
Shares
••
110
•
Emsco
$3
31%
•
for Week
//■Z/.'ZZ/Z Low
"■ 31-% 7 27%
cod—..—.....m,
Zinc
mtnols
145
Sales
Range
of Prices
'
Deo
Jan
7' Week's";7
Last
High
mv';7
A J»n
8,200
77-300'/'
55
51
-
60
pfd—100
23
LOW
70
."7? 150
8% '7
7%
50
26%
54
Friday
Sale Price
Range for Year 1945
'
145
;
22%
Corp.
National Watch Co
Electrographic
Shares
77'7f
York Curb Ixehauge
New
(or Week
High
145
8%
warrants
Option
p
145
2d pfd a—
STOCKS
7,
Sales
11%
46
150
7,800
27
3%
13
Dec
Jan'
Jan
7,800
14
Aug
27%
Dec
725
46
Aug
81
Dec
9,800
200
1%
43
Jan
Dec
8%
49
Dec
Dec
7
Z
THE COMMERCIAL &
FINANCIAL CHRONICLE
Number 4457
163
Volume
NEW YORK CURB
RANGE
STOCKS
York
New
Curb
Week's
Friday
%. i/Laet ;
Exchange
;T'
;
Missouri PubliS Service
:
common
:
Range
:•>
Shares
•30%
30%
LOW
100
13
5% %
;
16%
.
Jan
33%
8%
common.
preferred.
Society A—
conv
MOnroe Loan
Montana Dakota
...
-10
Utilities
new
5
com.
:
Mountain City
22 %
States
National
Bellas
4
National Breweries
1
6J/a
tf0,200
6
42
37
37
39%
27
24%
28%'
■
15
14%
15%
17%
'
19
18,800
.
—.
.12.50
14%
National Tunnel & Mines common .—1
37/a
3%
4
National
9Va
8%
10
Radio
—300
Nebraska Power 7 ^preferred/.//
(Herman)
130
110
Corp
.14%
..-"X
■■
20%
21%
22
16%.
16%
17%
11%
12%
92
93
133%
131% 133%.
New
Jersey Zinc...
New
Mexico & Arizona
41%
31
iL
—
—29
79
79%
Land
31
81
7%
7%
19%
N
Y
N
Y
&
4%
9%
11
1,200
61
-10
58%
64
650
Quaker Oats
Founders
shares
i
Water Service 6%
Niagkra Hudson Power
8%
1st
5%
B
.10
preferred
optional warrants.
Nineteen Hundred
10 y4
•119%
9%
114% 115
*2%
•
"5
n
:
Jan
1
20
*18%
Mar
>
75 y8
*
9%
Mar
48
Mar
Jan
Ill
Corp B
18%
18%
18%:
100
3%
3%
3%'
22
30%
32
■
.
„
9Yo
-
8%
140
American
Utility Securities
Oil
.7%
North Penn RR Co
i
20%
20%
•
108% 109
20
50%
46
Northern States Power class A—25
52%
54%
13 y4
13
13%
38
38%
13
Nov
23%
100
16%
22%
550
13% Mar
18
105
106
..
Jan
23% Dec
17% Nov
::
13'A Aug
3,400'
;
76%
Jan
107
Dec
156
Jan
170
Dec
Jan
15
Dec
7%
8%
45,000
lVa
Jan
87/a
Dec
22%
22%
23%
425
15%
Jan
23%
Dec
4%
33%
1%. Jan
29% July
Dec
32
,300
1,225
1,500
4%
33%
i
10
1;
42%
Feb
22%
40
Nov
x38%
38%
39%
56%
58
26%
25%
27%
15,500
35
35
37%
1,100
34%
26%
34%
18,525
45
•
1
,
59% NOV
Apr
30
Dec
33
Dec
31%
Dec
19
,
17% Aug
22 • Aug
14% Jan
,:>•
47%
48 Va
Dec
& 4%
12,900
%
Jan
5%
Dec
9%
14,300
3%
Jan
10 y8
Dec
2%
27,200
%
Jan
B%
2%
wfd D
2%
2,300
Jan
2% Nov
23%
24%
1
Rotary Electric Steel Co
10%
22
Dec
Jun
19 Ya
Jun
16% Aug
25%
Dec
12%
■2%
27
Dec
10%
*
2,600
500
6%
■' 800
vi.
11%
Jan
May
7%
Dec
6% Mar
2,400
Jan
38
39%
37
-18%
1,300
?
*8%
£9%
.7%
Aeronautical Co
—1
Consolidated Petroleum—?
Ryerion A Haynes common.
—J
'.7-
.
.
"9%
->,4,800
%Y&
2,000
6%
6%
Dec
43 Ya
Dec
19% Mar
Mar
23
Dec
6% Aug
5,400
7%
:
.
Dec
20%
17% Nov
IX 11
2%
Ryan
...11 Ya
Feb
Jan
•18%
Ryan
18- Dec
Jan
20
Russeks Fifth Ave
Dec
25
/X:6
——18
•
Royalite Oil Co Ltd—
109
12
70
800
25%
22%
24
—5
———5
Co
20%
105% Aug
19%
19%
;
,
Works
/
106% 109
100
•
/
"
$1.20 convertible preferred
Dec
4
Petroleum
Root
NOV
;
52
20
4
;
8%
t
Jan
43
&
4
—
Radiator
Art Metal
Ronson
;
12
Dec
9
Jan
7%
Dec
5
:.Sep
3% Mar
Dec
'33 % Dec
9% Dec
148
Nov
Feb
Sep
50
Jan
Jah
13,600
Dec
51%
1
56
Dec
St Regis
Nov
Bait Dome Oil
9%
Dec
Samson
105
Jan
47% Dec
Jun
50
1
13,900
1
Co
common
2,500 "
5
•
common
2,800
100
r
10%
Jan
y 37
Nov
12
Dec
V2
10%
/:
2% Sep
w'4 22
3y8
Jah
25
70%
Jan
25
pfd
*
Scranten Spring Brook Water Service—
1,800
4%
8%
•
Dec
Oct
49
Jan
-
31,200
common
preferred
Convertible
Jan
11 Ya Dec
5% Mar
>
1
25
(D A)
Schulte
Nov
Jan
5% Mar
5% Aug
16
32,100
Co
United Corp
.•'2%
3,100
——5
Oil Co
Savoy
Schiff
116% Dec
pref—
conv
Paper common
9%
251/4 Nov
v
Apr
Dec
Dec
136
'
14% Mar
50
6% Aug
26 y«
A $2
Class
Mar.
34% May
400
47
25%
23%
21
17
.i.
17
•
Roosevelt Field Inc
Dec
106%
3,600
38%
vR<:
Co
Rochester Gas .& Elec 6%
Feb
110
Jan
1%
1,825
11,100
Northrop Aircraft Ino——.^..,,........1
Novadel-Agene Corp
•
Jan
vi;'
Am dep rets for ord reg.—..—.—£1
Rome Cable Corp common
—5
"20%
.
liya Mar
50
50%
/
—
Rolls Royce Ltd—-
Dec
99%
pfd—100
Northern Natural Gas
110%
13
Roeser & Pendleton Inc———
2% Nov
Jan
36%
1,900
6,300
50
Northern Indiana Pub Serv 5 %
Sep
■:
'
Dec
114
Mar
35%
100
8%
Jun
105
25
110% 110%
May
'
200
21
118%
1717/a 1717,: a
Rio Grande Valley Gas Co v
Dec
•'/
Jan
1%
-5
Northeast Airlines —1
Nov
Stix Dry Goods
Richfield Oil Corp. warrants
9% Dec
Dec
5%
•
112
110
105%
common
Richmond
-tf-yv'/;;
119
13% Jan
12% Mar
121-
50
Central Texas
Jan
51%
<
106% Nov
Co
Rice
Oct
Dec
91%' Dec
19% Mar
225
145
50% 51%:
50% 50%
10
10
.
Reliance Electric & Engineering—...5
Dec
Dec
21% May
110
v
Jan
2
10,500
23,300
9%
.140
•
prior preferred
33
'
>
Power
Reed Roller Bit
Jan
-
31 Ya
Jan
18,300
-
Packing Co. common
10
Raymond Concrete Pile common
•
«3 convertible preferred
•
Raytheon Manufacturing common—56o
Jun
63%
Nov
109
■
Nov
ll'/s Deo
Apr
■fir Jan
X6% Mar
?
Dec
10 Va
preferred
.'I Voting
Nov
31'
82
9,600
19%
16%
8% May
R
30% Nov
136
41
3'%
80
2,700
1,500
.
Apr
300
£*
\
8
18
Dec
89%
.100
—i
North American Rayon class A
Clasd B: common—
Northern
;
..2%'
12%.
2
2,900
-
..
94%
'Jan
Jan
'
2,365
11%
Electric
pr«>ffliT<»A
North
130,500
11%
North Amer Light Si Power common—1
6%
10%'
Nov
16%
if;
Rath
63 %
Dec
3
10%
—
Railway & Utility Investment A
14% Aug
1,250
*118% 119%
.100
com.
Nlpissing.
•
1,000
:
—9
Niles-Bement-Pond
$6
19%
95
.100
common
Niagara Share Corp class B
:• 4% %
conv 'pfd—
-Nbma
19
90%
17%
15%
108
Dec
106 y2 July
100
preferred
2d
Class
19%
93%
pfd 100
pfd
10'/a
Dec
Mar
10%
112
Nov
16% Jan
—1
N Y State Electric & Gas $5.10
Jan
80 %
10%
common.
6%
Quebeo
1
Shipbuilding Corp—
N Y
%
112
13
12
12
37,500
108
15%
Jan
30 Yb
-10
6,100
2%
Dec
2H Nov
J an
Dec
113
Jan
x5
46
17%
2%
>..100
Dec
Nov
2% Mar
<
Honduras Rosar<o__
Merchandise
N Y
•-
11
Jan
1/j Jan
51
Jun
f. •.
N Y Auction Co common—,^..
N Y City Omnibus warrants
Dec
96'A Nov
40
—100
Nov
63
14 '/a
Nov
16
a
.
'
71,000
,16%
2%
•
Gas
23
40
250
2%
85
"•
£
8% Nov
Jan
6,500
New Process Co common—
Deo
Jan
ii5% July
20%
4,900
8%
V1
14 V2
100
:
Xi
45%
2%
17%
1
Pyrene Manufacturing—
Dec
110% Feb
1,700
v
Dec
25
-
Dec
May
*
£
45
-
2%
1
America
Railway & Light Securities
63
50
46
31
45%
:
Radio-Keith-Orpheum option warrant*.
21%
—100
of
Aug
8%
——
961/*
••••'
—
85
25:
500
>
Haven Clock Co—.—
New Idea Inc common
15%
,
9
;
6%
r-:V--
»
—
—
7% Jan
1,000
New
common
6
1,000
92%
England Power Associates.
k; 6%
preferred
$2 preferred..New England Tel A Tel. —„
Jan
Dec
8%
Jan
12%
1
20%' Dec
Jun
106%
1,200
3%
1,900
:
Nov v,
25% Dec
May
2,100
11%
—,
New
1%
200
19
Dec
39% Mar
23%
11% Apr
<
Inc
Puget Sound Pulp A Timber——
Pyle-National Co common
/
Feb
•
25,800
24%
35 /
:
Jan
Jan
10%
26%
r-£ ~~X
1 '-/v
6% 1st preferred
v
1% 1st preferred
Puget Sound Power A Light—
$5 prior preferred
:
Jan
<•
16%
2,100
14,000
29,800
109% 110
20
Neptune Meter class A
Nestle Le Mur Co class A
11
2,300
.
jr.'i'-'i
-W;: ■ '.■£& £';• V"
w'
«,
:
High
7% Nov
,
Jan
Public Service of Colorado—
Dec
Jan
8%
18%
14%
Nelson
11
:
.IZt
National Transit
Union
15 Ya
Feb
43
::
Mining
Metals
Providence
7% Nov
% 19% Aug
14,800
Dec
27
33% May
10:
550
,
Jan
16%
9%
••'..
II100
of Nevada
Prosperity Co class B
Dec
'
600
24%
;
Producers Corp
Deo
17%
/»;■
39% Mar y..;
£
--5Q0
«
Jan
2%
—25
National Fuel Gas
Jan
-
Gold
Pressed
Nov
20%
*19% Jhn
800
6
-8%
National Mfg & Stores common
National Rubber Machinery
Car Ltd
10
••'..••• 700
30 Vi
29
.
27%
4
26%
8
preferred
Prentice-Hall
Dec
146%
Jan
Premier
Dec
10%
Jan-
LOW
24%
•
2,000
'
Nov
5%
May
-
13%
840
28%
42
preferred —2
u
Co common
National City Lines common.
Steel
15%'
27%
common
1Y6
National Candy
National
27,/a '
•
Hess common
18
19%
15 %
*
24%
129
1st
.'
•
7%
"9%
Alexander
&
Fratt & Lambert Co.—- ——- •
Dec
10%
Jan
10
-
Apr
48
Feb
■
•
Range for Year 1945
High
6%
'
22
Jan
10
Corp of Canada
6°!o
■
Jan
v.: 6%
50
Power
Oct
common
LOW
•£'£7%
1
Mining Co
Powdrell
Dec
Nov
1%
Polaris
Oct
': r 13
Feb
8
5
Valley Wine Co
Pneumatic Scale
Dec
'
197%
Feb
38%
'800
28%
19%
.
—
28%
28%
Pleasant
Dec
•
18% Mar
i:
6,800
•'*
26%
.2%
.
10 %
15,300
v-:
148% 148%
*
9% Aug
2Va Jan
600
10%
9 V2
:i5o
Mountain States Tel & TeU
5
...
>'9%
•
Shares
Par
Nov
21
;
for Week
,
17% Nov
Feb
179
8,900
4%
m
common—
:1'
100
10
Apr
3
40
50
Producers—————;— _io:
Mountain
Nftchman: Corp *
3,510
;
9'/b
,.5o
Mountain
Murray Ohio Mfg Co
Muskegon Piston Ring
Muskogee Co common
12%
21%
Copper common
Power
-2,900
47%
\
partlc pfd———.
Corp of America—i-—Hoc
Plan
'•>300
4Va
.
197% 200
197 3A
Moody Investors
Morris
17,600
18'/a
•>4Vo
12% i ;\12
...• %
————
8%
£
■
18%
"4%
—1
Montgomery Ward A
Montreal Light Heat & Power
,
9%
Sales
Range
of Prices
New York Curb Exchange
1
High
.
1
'"■7,400
17%
I6V4
Week's
iMt
Sale Price
Range for Year 1945
Hiah
•
Molybuenum Corp
Monogram Pictures
'
STOCKS
for Week
Low
30%
EXCHANGE
WEEK ENDING JANUARY
18
Sales
of Prices
Sale Price
FOR
Deo
40
Manufacturing
Scovill
15% Nov
.
Jan
Bcranton
Nov
Z• $8 :
Elec
—
169
preferred^.—;
Co common
-•
116 ..:
Aug
169
Dec
Nov
400
88% Jan
3,000
10%: Jan
167
Dec
46
34% Mar
110
30
$6
a:
19%
Bcullin Steel
19%
21
;:•• Dec
Y";a'''•V">-
Securities Corp General—
Ogden Corp
Ohio
common.
Co class B
Brass
Ohio Power 4%%
Ohio
•
common
preferred—,.
Public Service 7%
37
3%'
38%
100
118
ICO
1st pfd
118
10
x
43%
10
.
flwr.nritui
-
29'/a
6
Nov
117%
119%
117
Jan
:v
Jan
Sep
Nov
;;; 44% Dec
?
Jan
15
12
Dec
ffemler
24% Nov
Pacific Can Od
common
.
„
Pacific Power & Light 1%
Pacific Public Service../
f?: $1.30 1st preferred
Page-Hersey Tubes new
Pan American Airways
Parker
.
ii.
13%
Am
"
(1.40
33
*
PennrDixie Cement warrants..
Penn
Power
&
penn
Traffic
Penn
Water &
Pepperell
com
Light 4%%
Co
-
new
:_7%
..250
.
Pierce
Packing
Governor
Pinchin
Johnson
Pioneer
Gold
U
:
15%
78%
■
Jan
27%
NOV
Mar
; 48%
78%
81%'
51%
62
:
;
s
Jan
;..
Mar
84
52 y2
Dec
US
2,100
1,100
%
Nov
Dec
115%
Jan
9V2
!£ 57
Jan
Sep
82%
53%
Sep
Jan
50
Dec
Aircraft
Penn
common
Ltd
Air.
5%
com
■-
Pitts
Pittsburgh & Lake Erie
.50
Metallurgical—.
see
page
341.
10
y
Dec
18% Dec
3%
Jan
9% Nov
15%
Apr
/ 20% Nov
143
110
25%
50
20% Jan
116% July
25% Oct
4.575
Dec
20 y.
".
:,v,Wua
5
6%
Nov
27
Apr
t
,
Nov
..
Jan
Apr
8
Dec
370
Jun
500
18%
18
13
9
,
60
2,500
10%
9
60
1
900
11%
11%
11%
17
16
18
87
82
Nov
Southern
31%
32%
175
.30
Jan
33
Nov
Southland
17
17%
600
Jan
16%
Dec
15'
Dec
11% Dec
Jan
27
Jan
May
,
:
■
59
Dec
•
38
I
Jan
Sep
Jan
29% Mar
134%
Oct
49
32%
Nov
31% Nov
.
Jan
152
Nov
Nov
;
Aug
15
9%
Jan
13
Sep
1,400
11 V'a
Aug
19
Dec
40
x51%
Apr
V 83
Dec
.8
Dec
16%
Jan
30%
•
32
"18%
Nov
41%
31
Jan
Dec
=v»6>'
-w
30%
Jan
Dec
127/a
Jan
Jan
42%
a
31%
vll%
22%
Jan
7 Ya
4
>
Pa
preferred B
preferred series C_—
New England TelephoneSouthern Phosphate Co
>,'11
Dec
7%
::
3,800
/
7% Dec
25%
2%
;
10,800
137/e
57%
10%
7,400
12,500
-
5%
13
48
4% Jan
19% July
19%
11%
13%
Nov
32
267% Mar
--
xy
23% Dec
/: 3
.'■;• 200
;; 7%
5
y
50
.
63A
12%
Oil
12% Mar
5,200
48
354
365
5%%
400
73'a
29
30%
~5%
~5V2
i, 18
~6%
Aug
14,100
4
Jan
7% Nov
7%
13%
10
27,800
3%
Apr
2,600
x8%
Jan
87/a Dec
15% Oct
43
Feb
:
800
25%
.50
Bess & L E RR
4"%r Deo
102% Jan
Southern
2,600
9%
^
Dec
10 %
ny4
1,300
.130
6%
'•«*■'
17%
29%
-1
2,100
original preferred
20%
Shs
Ltd——.....
13,300
1
Pipe Line
Southern California Edison—
Southwest
17%
Mines
10% Jan
—1
Co—
Corp.
Soss Manufacturing common.—.—
South Coast Corp common
South
Nov
-46%
;
%
•
Manufacturing Co
Dec
6,800
500
29% Nov
21%
£21%
preferred
Solar
Dec
3
5% Mar
Nov
: Nov
110%
iio%
common.
convertible
Sonotone
Nov
10
Co
Solar
8'/a Nov
Mar
".
47
1:1% 'Jan-
250
i
Simplicity Pattern common
1
Singer Manufacturing Co—,——.100
Singer Manufacturing Co Ltd—
Amer dep rets ord regis—
—£1
Smith (Howard) Paper Mills
•
}
Dec
31%
Dec
Jan
\
$3
v
■y; H Jan
300
8%
—*
•:
Dec
65
5,600
Nov
•:
Simmons-Boardman Publications—
•.
DeC
8,000
—*
Ltd
f
Dec
Nov
103
1,600
.
138
100
Silex
4% Dec
29
100
20%
9
y
Jan
15%
25
;
15% July
/ 20
Breweries
Jan
82% Mar
50
i
4%
20%
—
common
Sherwin-Williams of Canada
SIck's
Oct
12
f
,
31%
pfd
Co
footnotes
Dec
!- Oct
: 27
13%
75%'
27%
■
:
14%
74%
75%
26%
28
1,110
850
.
641/4
Apr
Jan
•14% Mar
37%
Jan
20
Nov
46
Nov
-.
Pipe Line
Royalty Co
Spalding (A G) & Bros pfd
Spencer Shoe Corp
Stahl-Meyer Inc
Standard
Brewing
87%
-
5
Jan
"12% Oct
10%
2,000
8
8%
3%
400
4% May
2%
8,200
Jan
3%
Dec
4oy2
39%
41%
6,200
17
Mar
46 Ya
Nov
41%
Co
preferred
40
41%
1,850
27%
Jan
46 Ya
Nov
7%
10,300
3%
Jan
6%
Dec
7Va
9%
6%
25%
25%
25%
30
Standard
25%
25%
26
(Ky)
•f
8%
10
78% Nov
Oil
200
27/a
—
Standard Cap & Seal common
Convertible
v
Standard Dredging Corp common—
$1.60 convertible preferred—
Oct
,
Deo
8%
T6
preferred:
4%
18%
-2
For
Dec
-
V
vi
I
16%
Pitney-Bowes Inc__
Pittsburgh
11%
i/- 27/
v:i 29
34%
■
60%
common
Piper Aircraft Corp
Dec
12
19
950
4,850
;
Deo
Jan
83% Jan
14% Apr
6% Aug
27
93A
4%
.
Shawinignn Water & Power
Sherwin-Williams
Nov
104
Mining.
Denn
|
115%
l'X
iy«
34.200
4%
99
Nov
7%
Jan
Jan
19
150
8% May
28
Nov
.
97/a
3,900
:
29
—
%
Jan
28%
78
.50.
,1,200
83a
Shattuck
19%
27
Dec
2,300
•vXi 125
8%
;
109 Yb
Jan
5V*
x
•
Pblla Electric Power 5%
Pnillips
-40
,100
54
7%
■
Pharis Tire •& Rubber
Philadelphia Co
18 Yj
,:44%
24,200.
114% 115
80%
-
•
39
.2
4%
31%
\
Dec
44
5% July
8% Jan
v/33% Jan
=
,100
-
83
'7%
7%
common—.20
20
82
114%
Co
48%
60
-
Sep
8%
•
U 5,600
28%
54
#
pfd. —100
.
65
18%
83
250
„
;vX8,% •8%
.19%
Power Co
Mfg Co
Perfect. Circle
A
84
48%
8%
25
54,100
100
Jan
x22%* Jan
50
48,400
20
28%
•
Pennsylvania Edison Co $5 series pfd.*
e
$2.80 series preferred
•
7
.
100
>
64
■
—...29
l
710
:
,*
-
C-30%.v34^
..
common—
Penn Gas & Elec class
/
13%
28
Nov
C:
104% July
107 y2 Sep
,10
,
83
84
Pennroad Corp common
Jan
Jam
106
19%
Plymouth Mills
38
30'
11%-.12%,
11%
121/4 Dec
200
12% :13%
12%
shs_.
,
„
Telephone
preferred A
11%
28
warrants—.
1,700
1,700
X27 % X27 %
Co.
Peninsular
^
39%;
.-J«
.
Parkersburg Rig & Reel..
Patcliogue
14%
43%
39%
106
pfd
Motors Corp
Pen
13%
42%
43%
common
Pantepec Oil of Venezuela
Paramount
13%
Y
1st pfd—.
5%%
1st preferred
Pacific Lighcing $5 preferred
25
24,600
28
Seton Leather common
Pacific Gas St Elec 6%
1,900
6%
99%
Sentinel Radio Corp commonSentry Safety Control
Berrick Corp class B
-
21
Inc
B)
(R
2 4%
6%
$5.50 prior stock
Allotment certificates—
Dec
6% Aug
10 y# Jan
Omar twa
Overseas
37
110% July
600
44%
Jan
5i
*
Segal Lock & Hardware
1
Beiberling Rubber common—•
Selby Shoe
Selected Industries Inc commonConvertible stock
4% Oct
1,200
XtYa
.1;
Seeman Bros Inc.;
7% NOV
112% Aug
115% Oct
10
110% 110%
44%
? 22%
975
H7 y2117%
6
1st preferred
100
Oklahoma Natural Gas common...—19
Oliver United Filters B
♦
W;.A%./Aprx
20,100
—
'
100
3,300
21
18 y2
10
Nov
Jan
27
Sep
Jan
26 Va
Dec
}
THE COMMERCIAL & FINANCIAL CHRONICLE
340
EXCHANGE
NEW YORK CURB
RANGE
Friday
ITOCRS
a
for Week
Sale Price
Common class B.—
5%
1
—50
20
common—.
preferred.:
preferred.
2d
<
Common
f deos
-•■■7
7%
7%
■
2
1950
7%
35
;
9%
—1960
71
Dec
29
4iy8
1953
Elec
4%s^
I Associated Gas A Elec Co—
19
Jan
21%
r
4VaS
deb
4%s
.11
7
: ■?
32%
Oct
14
12
A Debenture
,7,'u.",*-
~9%
—
37
26 y4
37
Technicolor Inc common
• 77 26%
Texas. Power & Light 7%- pfd^..,,„.10Q
..y
10%
35%
7
.9%
•
—*
-—:
Jan;
19-/4
27%
--»'
Bell
34% Dec
'
Textron Inc
•
•
•
"
•
;
—~—50o
—
;'
'.
rv{;
.
22%
..
'.K
31%
Dec
Dec
10
Sep
18
M-s
;•;
Tlshman
Realty & Construction
•Tobacco
•7y
>
5%'
Jan
Jan
19%
Aug
7:115%
__
Product
*
Exports
Amer
7
dep recs def reg
19% y
v
6s
6 %
Edison
"
preferred—
25 Va
Jan
44
<
17%
—^...1963
76
Dec
Jan
■'
Jan
7
8%
~2%- r"2%:7
100
116%
773%
3%
*
,/y
10
Transwestern Oil Co
-
.
52
111
,
3%
5,700
-
,,,7; 5
• y/yi 77
J
<: 12%
7
■•
Inc
Tung-Sol Lamp Works
116
117%
:.
convertible- preferred..
•
7;7-
8
'■•
7:i
Unexcelled
Investment
Stk
of
Tn
Aircraft
Chemicals
United
corp
7
]
:77
of Omaha
Yds
United
United
11
«.y
-••/St;
8
.
r
-
_
Products
:
12 % Mar
10%
28%
-
..
warrants.
ill''
■
United Elastic Corp
United
Gas
Corp
United Light &
33
28
%
15%
.7 27 Va
participating
$3
38%
16
28%
48
48
100
100
•
preferred
.
•'•77;
Molasses
Amer
77:
Ltd—
•
.
•■•'. <,
^,
•
Dec
United NJ RR & Canal
Dec
25c
73%
10
25
80%
Profit
10%
Sharing
preferred
Machinery common
United
Shoe
United
U
S
38
10% Dec
8% Dec
71
Jan
7 Feb
U
S
U S
Graphite
100
Feb
Dec
common
Dec
Dec
16%
17%
I 1,750
13%. Apr
'5
92
94%
15
15%
5,400
4%
Jan
5
5%
7 1,000
1%
Jan
•7%
6%
9%
>: 83
9,600'
7%
12
875
:
36
6%
Utah Power St Light S7 preferred;...—•
Jan
4%
Dec
103
Dec
■17% Dec'
7y 6%. pec,
8% Dec
10%
7 24%
7
6%
; 95% 114 i ^
V 4 "*■'. 4% ;y
4%
__l
103
103
27
Jan
37%
3,950
3
Mar
65% Jan
1,800
25
92
35,800
.
Feb
26
350
37
5%
;
109
10a
85.50 priority stock
Dec
21%
37
5
Utility Equities common
Dec
20%
;
Jan
Mar
50% Nov
21%
U Jan
18
•
„
Jun
V 21
Jan
4%
40,500.
.
10
sugar.
y
1%. Jan
22,900
•
Mar
15
11%
4
>76/
1107
79
77
79%
46
43
46
1105
M-S
1128%
90
,r,,
y
1%
,
Dec
Apr
%90
: J-d
Sep
Jan
NOV
100%
Deo;
Power 4%Si
A
Gas
49%
52
49
60
>7.7
51
63
-
55%
60
57
57
"'•
J-J
j-3 •;••••
F-A
106
:'';, ^
70%
Westchester Ltg
&
F-~n
j-j
Continental Utility Corp—
North
Ohio
1st
Power
1st
Public
4s:
Service
7 88
105Va
101%
105%
102%
105%
1
105%
109%
4
101
104%
t46%
J?
58%
50 7
A-O
106
106%
7.ta
F-A
J
106 Va 106%
109%
10977
105 %
107%
103%
103
107
101
1100
61
105
104%
100'/a
106 .7 107%
106
15 fy
71:,;
107%
106
105
73
A-O
F-A
100%
108%
7y7P 7
.'•,7, 14
".^'7 7:101% 102
j-j
1943
Oklahoma Power A Water 5s
100
88% 100
7
7v,:
;—1968 7
1971
1963
3%s.^
mtge
3s
mtge
Ohio
;
(part paid)——1943
77A5%S series A
'v^Wr
,7
106% 106%
7
y
88
49
ti08%.;yyyy
104
iyt»4 v;
4s.
/-
108%
117
107% 110%7
102 Va 102%
'
Y
106'
110
99% 100
99%
A-O
2004
If Y State Elec A Gas 3%8^..
7 ; • 7*
105". 108%
7 64
2
99%
V.7.-7- •;>,
113
„
105% 107%101% 104Vsr
7 v;7;. 1
99% 100
99%
99%
M-S'
3-D
120
108
108%
*103
J-3
105%
115%
113
113
113
107%
104
1
ySl4?y
71%
98%
61
37
105
*106% 107% *
M-S
.!
17
7:5
107% 107%
60
63
103 7.7
71
65
•
55%«':"
•ilv-vV
:7V_7;A, 'i'V
J-D
M-JV
5s
97
t«7VjC
A-O
Jif-S
37
31 y
78
r
98
77
6377<:
'
,63
13
16
V
! •
60'^
31
26
;
*115% 118
J-J 7
<
37
7vll07i7110v^; 77:77:4.J
105% 106%7
,
18
;
102% 106% ;
v-'7
J-J
:
28%
24
*104% 108
M-S /
1947
1948
27
106% 107
106%
J-D
62
30
65
% 52%
•
105%
104
109
16
59%
96%
97%;
55
Jf-3
7:7'
100% 101%
101 i
J-3
New
N
:
J'J
M-N
deb
106
..
65
—1950
Conv
102%
102 %
102% 105
51
-England Power 3%Sj
—3961
New England Power Assn 5s—^—1948
1954
7 Debenture 5J/aS
7
y
.
1107%
F~-A
1948
5s._—
El Assn 5s
--'v
'V
J-D
.1963
—1967
—1981
2022
—
y
103%
M-N
7
—
4%s.
J
-
77%
106%
104% 106
'
105% 105%
190»
to
"
103 V'a
F-A
—1965;
Ga» Light
\
102%
67
104% 104%
1952 <
Amsterdam
.i
58
108
92
MS
yVy^yyi'.,'-'^
Pacific
Corp
$4
common.
1
convert!ole
preferred.
Petroleum
Vogl
Manufacturing
13%
.
a
I_
,13%
142 >7
..l
135
-
—
10%
17%
12%
3 y Jan
54'Jan
10,400
9% Aug
11% Aug
11%
17%:
7
12,800
•y 390
13%
144
10%
18
600
126
Dec
Dec
13%
Dec
—
1972
F-A
1950
1959
J-J
5s
Waco Alrerafi
Co...
WagDer Baking voting trust
7%
Waitt
&
Class
Ward
Bond
Xt-iA
y
-.100
>
•
ct
preferred
:v
class A
MAls
Coal
St
.1.21
v
36%
39
10
Jan
10
/
107
17
Mar
3
Jan
3%
y'
y
.6%. • 6%:;
7
8
Oct
10%
ry.y;
;
56
800
10%
9%
113
1,000
4,100
;
*
10,500
113
■
14;
13%
u%;
36
36
36
45;
42%
45
24
24
90
Westmoreland Coal....,
,20
Westmoreland Inc
Whitman
*'
River Oil
Williams
(R
C»
Wolverine
4%
111
9%' Oct
26%
40%
7'
27%
19
9%
16%
164
'37
18
18%
y
500
12
Feb
49%
%
700
14%
Jan
Nov
Sinking fund deb 4s
Public
24%
Co
Nov
Safe
San
Portland
Dec
ASchulte
Jtin
Wool worth
Amerlcan
fF
W)
preference
Harcreaveft
For footnotes
29
,
Real
Nov
Soutnern
6outhern
California
Dec
Scuthern
Counties
18%
Nov
Dec
1st
■
1,400
13%
Jan
7 29%
Dec
(A
Standard
Gas
400
13%
Jan
22%
Dec
20
1,000
11%
Jan
23
NOV
16%
9,300
6
Jan
16%
Dec
10%
9%
10 Va
2,000
5
Jan
10%
Dec
Debenture
17%
1,400
8 % Mar
22%
Oct
Debenture
13%
14
5,000_
8% Aug
12%
Feb
16
leys
200
11
5%
...
4-%
4%
.
5
21,400
3
uas
Spalding
6s
7
109%
7:.743 7
109
114%
777
101
102%
2
"
77
7 ••'7
101 Va
106%
•7;^'1* ">.*
7 7y5 >
105%
109
:'7;7
*102% 104
M-N
107
■
y
101%
106%
151
165
A-O
*106
J-D
108
107%
Af-S
*125
J-D
*99
u.
•7: 77
169
168
A-O
100 Yb
3s
1965
108
Gas
Gas
3%s
(Calif)—
1970
A-O
•
6s
G)
7.77
: ■;
8
,
777
•;,-.
104%
10
,107%
•;
106 Va
110%
125
127
108
:.
•
77.77.;
y.K'fw
"
108 Va
9
105% 105%
*104
■
•"
7.—"
100 Va 100%
7108
90
:
:
96
■
7;
■
J-J
1994
«u
2%s
J-J
two
F-A
108 %
105
4
105
108 Va
Elec Jjms
5s
M-N
105
105
6s
A
Electric
gold
-
6s
....
debentures/
Power
Si
Light
Jan
16%
Dec
AStarrett Corp
Inc 5s
Oct
5 V*
Oct
Stinnes- (Hugo)
A-O
1957
6s——1957
101%
5%
Nov
A 7-4s
3d
-j.
105%
__•''
■
1
106
108%
3
'
100
106
100'/a
100 Vs 100%
stamped-——
1950
—1940
96%
110
37
96 Va
110
14
96%
110
96%
109'/a
96%
110
101
101%
J-D
104
104 %
103
103%
90
103% 103'%
21
F-A
F-A
A-O
83
83
83
J-J
*43%
50
110
27
7
F-A
•
96%
76
101% 102%
A-O
May 1948
May 1948
5 951
Dec 1 1966
Corp—
Jan
11
108% 109%
109%
—
stamped
6s
108%
99%
101
105%' 107%.
44
,
107
1989
Ry
(stamped)
Conv
Standard
page 341.
106
.
lft7l
Indiana
22%
13 T
78
see
3-D
M-S
3s_;.
rutee
Southern
19%
receipts
•."*
7107
1951
Edison
Caliiornia
17
Lrn
3-D
1951
6s
Estate
Nov
14%
Ltd-
deDosit
;
106
,106
1979
Scullln Steel inc mtge 3s
14%
Woodley Petroleum
7
102%: 7102% 102 Va
1952
4%s
Harbor Water
22
Cement—..
109
.
llO^/B 110%
1953
A...
Joaquin Lt A Pwr 6s 3
19%
B
106
.
■
—
Inc
common
107%.
Dec
39
v
105%
104
sy
certificates
Queens Borough Gas A Electric—
series
108
13
104
107% 107%
M-S
6% * perpetual
5%s
104%
Jersey—
New
of
Service
16
1106%
U0%
76%
V'7
>
1964
—1949 ;
."
25
Jan
39%
Dec
mtge 3%s
43%
Aug
May
18
Nov
Jun
114%" Dec
Feb
100
1st
8% Dec
Mar
100
9
52
Jan
9
25
550
-
114
Jan
49
Woodall Industries Inc
Wneht
■•
Jan
...Il
Corp
A
Products
Winnipeg Elec
6fo
18
1
(Wm & Co.
extended
4%s B
(Can)
Corp
Soutnwestern
Wichita
Willson
~
._iq
Wcvenberg Shoe Mfg
7
135
9,900
.
..100
...*
%
Mar
1,650
•
8 77
•
..La
Coke
400
22%
114
53%
-
Va
•.''5
•
J
.
Jan
2,000
6%
7"..
warrants!.!!
Co
Knitting
22
114
37V4
B
Baking
Wayne
West
22%
114
5%s
Public Service Co of Colorado—
7
105%
63
85%
106% 106%
Co—
Coke
Gas St
stamped
Power
•6%
M-N
J-J
Elec, Power
5
85
106%
3-D
Philadelphia
103% 104%
103%;
'
M-N
1970
3%s
Portland
W
.
J-J
.
1977
1979
Pennsylvania Water A Power 3%s_1964
Oct
17%
5s
1st
-
1955
1964
5s
1st mtge 3s—
4%s
Central Lt A Pwr
Penn
Venezutlan
Light
A
Power
Park Lexington
F-A
.'
107%
105%
...
i
107
.
104%
104%
j.j
.
0s.
7 45 r»;
.
t
1|
90
103%
11
'71'
106% 106%
A-O
107%:
77
75
1106
A-O
-
7
—
172
J-3
3%s———.1970
6s
New Eng Gas A
5s
5% NOV
Jan
1101%
J-D
1
l\ <■
124 Va 128 Va
.:
• ■
5
—
-
Valley RR—
series
6a
New-
Nov
:y-6% Dec
98
-.
50%
105%
106%
;.v
80%
33
157
''
7
63%
131
J-J
5s——1963.-
Extended cut 4%
7
M.
120% 128
1
123
123 '
'
3%s—1968
Kansas Gas St Electric 6s
—2022
Kansas Power & Light 3%s——196'J
Kentucky Utilities 4s
—
1970
McCord Corp 6s stamped
——1948
Nebraska
il
103% 105%
Af-S
1957
——-1950
B
Jersey Cent Pow & Lt
Midland
;< \
7; i
1958
-
Suoerpowei
Milwaukee
>'»
109%
7 106
2
108%
Jif-S
1953
5s
Seivice
Debenture
Dec
9
10
Universal products Co
286
i'%'4% Dec
8% Mar
4%
110
106
108% 108%"
107'% 107%
107
.''A*07-
1950
1963
6s—
ref 5%s series
Altalian
Nov
4,600
4%
8% Dec
15
21,800
.3
Oil
^
>83
Feb
27 '/a
5
Insurance
7 V";
May
:
22%
—50c
U Urersal Consolidated
Ucah-Iuano
9
44
170
.
Jan
94
Wallpaper, Inc
Universal
7 Dec
73% July
1,575
84
47%
.
106%
J-D
1955
1955
series
7,»y^Uw^.1957 j
>7
A7s (Aug 1941 coupon)
1957
A 7s
series F
1952 :
7"
A7s (July 1941 coupon)
.1952
Interstate Power 5s
1957 >
Dec
48
(■
% Mar
♦
United Stores common
United
:
1
.1
with warrants
Reclaiming
Rubber
S
.
22%
17%
International Securities
and
$5 1st preferred
U S Radiator common
U
25 :
107
J- J
flnternational Power Sec—
a6Vus series C
A6%s (Dec 1 1941 coup)
Dec
100
•
6% Jan
21
22%
it
,
777
J 4,400
80
46%
1
B_
106 Va'
104 Va
-
105% 106
1.961
Co—
Power
&
1st
West
A
Vndianapolis PAL
Dec
Dec
275
1
Specialties common
Foil Co class
103%
106;
J-D
Jan 1»49 7;
B—J*0 1949-
series
6s
•-
•
Feb
Dec
7.77 7
'
8%
3%
21
Preferred'
105%
A-O
Dec
4
7 Feb
86
106
United
103
A-O
Hygrade Food 6s ser A
9% Mar
22
50
r
8%
106
138
195t.
Mountain Pow 3%_.
Green
Guantanamo
13%
f Jun
59
7
':7v
50
.
v
>'
dep rets ord regis
70
103'/a
103%; :y:103.yib4%
F-A
Kansas Electric. Power
Co
7 r 65%
Bank—
Grocery Store Prod 6s
7'7-25%
; • 30%
3/64 Apr 7771%120,000
20
Jan
1,600y
;y" 36%
7
7 16%
9% Jan
6,900
31,600;, :7 14% Mar '•7727%
7
"
United
236
107
Dec
'
United Milk Products..
67%
-7
1106
'
7
15%
7
:
41/4 Mar
12,200
1%
:'77
'
10
Va
•
7
1
66%
1106
108
Dec
4%
16
1
Jan
7- 7% July 7
•"
6Vd Aug 7;
2,300
•'
38
...10
common
Railways
5,300
60-'7:7
29
•":
*•
600
'■
27%
1%,, 7*7
ui-iii'irV'''''"S
:
llV*
'•
? 77 2%
10,900
-
•■"$•'7%
60
1
common
■77 534 Mar
3,500
4%
12%
..100
—
;'
11
••'
Canada
Gas
TTninn
7,
10
Co
13%
>
3%
87Vav 'j j
y; 58 Va
"88
;
59
67
108
V '1st lien A? ref
13
-74%'
236
J-J
Indiana
13
—lOe 7
Manufacturing
Union
Uninn
1
.
Corp
212
.
1963
West 4s
16
Jan
7%
V7
1,300
17%
::7
U
Realization
85%
86%
'
106% 106%
160%
•
Ulen
80%
84% 7,:'82:r8
7. JJf-3
A—1—.——1969
Rayon Co 6s ser A
1948
13%
'yv
Apr
>
1'
:
——.
Trunk
.
Western RR—»7
3%s
17
Jan
il,.'
'*106% 307%
105%
•; t
4
84
A-O
Dllnois
I7rly(1t.e Corp
107 7
115
102 Va.
•7 1
121
183
110%
7737
113% 113%
:>
J-D
Grand
;y
117%
170
Gatineau .Power 3%a
Dec
113%
110
10
110%
Oct
59% May
1,
-
)
108'A
} V ' '.«•
'
\
Residential Mtge
stamped
5s
„
iV; 434 Nov
12-
13%., 74,100: y
Xl7
•
.
105%
M-3
.1969
1970
A RR bs.—
Lt
Water
Finland
Nov
7
y.
9,000 77747 Jan
7 3,300
35% Jan
■■
12%
Elmira
y-..-
§-,-77 13,100
4%
Dec
Jan
'
Tri-Contlnental- warrants
'/7'7
Eastern Gas A Fuel
Nov
105%
99
■
M-S
.1st mtge 4s ser A_—1993
777 1st mtge 4s ser B—.——1993
•t
May
3'/a
y.
53%
v
Lackawanna of N J Division—
,
Nov
123
29
41
53%
(Bait City)—
Gas
Vl^V"o'' vS,Yi,',r\V
r
52 Va-
;V7 36
104%
AGeneral
3%
48
49 7
•
i
7
7,
30
y 20
■
7% >' 8 '7:-.;
77 7%
Sep
Jun
7 107 Va Mar
/ov
84
30%
-
.
118% 118%
•
112
115
?■
1
1%
830 i -77 71%
5,400
7-
106% 112
/
29%
29
4
J'J
:
1954
51.-.^.—-—:—1—1968
Delaware Lackawanna &
Nov
,'; \.' 7- y
'b'7 14%
12% Mar
,7'7
56%
104
110
J-D
:
1948
Gen mtge 4 %s—i———.s—.-1954
Dec
V.
261
,
55%
tl07%
A-O
.
1970
2%s—
7 1st ref mtge 3s ser P
77 1st ref mtge 2%g ser Q
Nov
18%
3%
;
__
■
49 %
Q-F
'
Consol Gas El Lt A Pr (Bait)—
77 3%s series N—-—^,—^—-*.—1971'
Nov
Jan
Apr 7
7-7 61-
10,500
.»v
80c
Nov
7%
-
100
110
Trans Lux Corp—
>
Dec
9%
3,400
9%
8%
160
preferred
Tonopah Mining of Nevada../.
Trunz
Dec
Oct
10%
1998
—
—
Debenture "
Dec
30 7
Sep
26
3,800
71
52
49'A
54
54%
_
104% -
J-D
6%s
Edison
Consolidated
17% 7,
71
2%
.111
*
Shipyards Corp
7%
Dec
122
Sep
Jan
6%
13%
\.,x • j
dep rets ord regis
Amer
Toledo
11%
'•'y 36
Security Trust Co Ltd—7:7
Tobacco
Todd
'
31,100
41%
16%
52%
29
241
55%
54
:m-H
1960
§AChicago Rys 5s ctfs (part paid)_1927
Cities
Service 5s
—Jan i960
Conv
deb 5s
——1950
Debenture
5s.
i-»-'.1958«S
j
27%
200:
40%
17%
7
19
--7,v. 9%
Allied Stocks
&
Tobacco
1
29
1
;
—
C
| A Central States Electric 5s
y/v: ^;»
Thew Shovel Co common
,.8 77-..vy
TiloRoofinglnc——17%
r 92-% 102%-
;
27
55
54
7
M-S
series
Boston
:
54
1977
Bethlehem Steel
.
Dec
7,700
23%:;y
y...-
76
53%
54
55%
54%
195c
8%s
deb
Telephone of Canada—
5s
Nov
;;
City Elec 3 %s..„«..w ^;»^7».1964
AConv
Dec
28
7,100
%y
1111/*
129%
224
53
•
Assoc TAT. aeb 5%s A—;
Jan
1,300
10
102%
108
-123
•"!
53%
53%
-
_
'
F-A
Atlantic
14%
•'•■>:7
f 9%
? 21%
10
7'
A-O
Dec
33
Jari
.
..3
Si Land Co
Texon Oil
'•
;
,104 .7
53%
53%
F-A
;
Nov
4%
23%- Jan
t
1,700
,
7
110%
vlOO
•
•••"■78
"
.124:
103
•
•
y
J-J
19o»
5s
Registered
9% Nov
Jan
y.v-y
„
4o^:.
15
'Tv-
111%
124
109
107
:>■
104
105
10
lll
'
.
J-3
.——1968
AConv deb 5s.
,
A5%S
'
'
•
101%
r
19
7102% 103%
'-7^ 7.;; '
/y
•v
•.
24
i,8oo
*7
15
71:14%
103%
;
105'.'2
.
14%
Jan
1%
Dec
-
1,100
y
High
%
7'v 2
106% 106%
MS
1949
Registered
Blckford's Inc
29
!
105
^_7 ■'
J-D
1948
Dec
6Va
-
1,600
y
r:
■
;
.
deb
AConv
Nov
10
■rj 3 % Feb
1,300
41 Va
738.;;
>
,
AConv
r
Dec
Apr
4% May
3,150
y
f.
Dec
55
Apr
Mar
11 Vu
1,800
38%
7
.,
102% 102% ■•••"'
■
'
c
J-J
A-O
Dec
Year 1945
Sold
7 ;%■••. Low
■
; 7105
1961
1970
2024 :'
:
7j,71st M 5s series B
29%
,
J-J
M-S
Oct
29
10%
1,100
'
3%
-3%
38%
I'-;
Jan
■>15,800
14%
3%
•*-:
Range for
Bonds
,
Bid A Asked
High
7 102%
Appalachian Pow deb 6s._
Dec
500
'
22%
7-
—_
Taggart'Corp common. „
Tampa Electric Co common
J-J
1970
-.y;
—
Low
■•'y
■
;
Amer Writing Paper 6s
:
Appalachian Elec Pow 3%s_:
Nov
Jan
Jan
53
'18,200
12%
20%
Inc—
Cement,
Jan y ':
15
13% 7;
x39
Pinch Oil Corp
Swan
f debs
s
—
3,300
■
9%
83/4
.
21%
Co
Portland
s
3%s
16% Mar
900
■;
22
19%
V
7
9
Sullivan Machinery.
Superior
77 ,7
7
35
Stroock (S) & Co common
Sun Ray Drug
A-7-
28
26
K
22
"
•
1
•
Corp
(Hugo)
Bttnnes
773%s
Dec
23%
2%
•
100
31
—
1
—1
Co common
S
31
7-y;:y;;_•;■■ -*•
————*
Inc
(J B)
Stetson
y
26
1
Sterling Aluminum Products
Sterling Brewers Inc
Sterling Engine Co
Sterling
Nov
7 61
'
Bros Stores
1st
170
Jan
3%
•
.
-7%
8%
V77
"•
(ArV & Co common—
6%
Jan
debs
f
s
Sale Price
y.yy-
Associated
8%
8%
■
*
Sterchl
2%s
"
Steel Co of Canada
Stein
Dec
%
3'/» ■274,000
9%: : > 6,500.
3,500
8%
•1%
3
—J
voting trust ctit—1
(The} Corp
Nov
3%
11%
2.700
22%
21 %
Thursday Weeks Range
Last
or Friday's
-
Interest
y
y
Gas A Electric Co.—
American
4
105
150
-v-
Exchango
Curb
Zf'7*7-7-7 7/'• y,y7;:••>
ft Jan
ft Jan
10,700
160
•.yy
BOND s. ,:;.-y-..*y-..;>,y7
York
New
Period
High
Low
183.400
7
4%
...
18
Range for Year 1945
'.'.vs.'.
6%
- 150
22% 17
1
Products Co.
Standard Silver Lead
Standard Tube class B
Starrett
6v:Lf\
150
Preferred
-
High
4%
6'/a
1
•
Standard
'!:■„•
Shares
Par
Light
Standard Power &
ENDING. JANUARY
y:7,:iV7>:-; :
Range
of Prices
Low
WEEK
Sales
-
Last
Curb Exchango
Neir York
Week's
FOR
Monday, January 21, 1946
■
8
■
58
30%
85
,58
•y
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4457
163
NEW YORK CURB
RANGE
:
t-
BONDS
York
New
ft
Curb
*.<■
Last
Btinnes
(Hugo)
A7-4s 2nd
United
Electric
United
3V4»s
N
6s
-_._1959
(Msfine)ft-.
A—
series
'
__
.
-
1952
_
r
105%
vv/ftwt^.v;
•/'ft
'ft'vftft
F-A
'
'-;••
■
.
ft
- v
104%
108'/a
108%
111
ft 3
»ft.-.iiftftft'ft;:•-
L
Debenture
series
6s
^ 103
..
ft 107
/ft
Maranhao
ft'Vft,
'
Jf-N
$115% 116
A 5s
Electric
Penn
West
•^ft'
M-S
..2030
5s
>%
AStaraped
Danish
_F»4;•
5s stpd
J-D
^-w«-1937
5s
.Extended
116%
53%
22
122
105
'
ft'ft-ft
1927)
1927)
rft if.
—1955
M-N
100
ft, 100
ft
100
ft —ft- :
$77
—
.
__—1953
ft $77
»
—
Parana
ft ft
101%
Curb
■'
-
Exchange
ft. 101% ft:
99
!
ft' 76 ft;
.80
A
ft:
96
Russian
A
,
20-year
*7e
A 20-year
April 1940
7 s__—
——-
~
A-0
Jan 1M7
J-J
'
■
—
No,
27%
94
.
M-N
,
32
37
16 Va
28
32
ft,.;-
J-D
36%
;
'
.2008
2ft
Lou)
;
6%s_
Value,
a
1
V
47%
46%
51%
20
22
45
0
•
-'/ft
96
$37
ft-,
'
"
'ftft'
■""
./
.ft
j .j
:-
$37
J-D
-1/ '11% ft
/.ftJ-J/ftftft. ft..ft;:ft,U%,:ft ft:
2
)75
.
95
—
;
-V''
;(j
103a
1
115a
10%
'
v"ft,:ft
":"'ft>
38
■
.
12 Va
36%
>
336
266
:
e Odd-loV tale,
n
37%
5%
6%
•
22
21%
Under-the-rule
taJa.
"
.
sales
no
«.✓
being transacted during current week.
'
^Reported in receivership;
*
'
.
:-
fEx liquidating cash dividend of
$22.50, plus stock
63
tive; Vcont," convertible; "M," mortgage; "n-v," non-voting stock;
Mw 1," when Issued;
"x w,"
warrants;
•
'
:
>
"cons," consolidated; "cunt," cumula¬
71
"ww," with
7
;<
distribution.
Abbreviations used above—-coa," certiucaies oi
deposit;
OTHER STOCK
■''''ft—ft
■
__
20%
<96
;,:'.ft
Deferred delivery sals.; (1 Ex-Interest.
ABohds being traded flat.
».
'
•
20%
ft
-lbltl
Ex-dividend.
r
t
l—ww$921.:
tFrlday's bid and asked prices;
High
-
ft
—
M-S
2012
;
ft..;,-,
sale,
ft
.1;.:
stamped (Plan A)
to
35%
$50
■ft
16
95
-
$50
A-0
6
27%
'
V
://
High
25 %
$36
$33
''••
.ft'ft:ft--
J-D
2%s
Government
par
rCash
Agricultural Mortgage Bank(Col)—
.
A)
to
reduced
A5 %»
r
High
M-N
J ,D.
_1972
5s
95
•ft ■
Friday Week's Range
ft*/.". ft/'}ft1//: ft
Interest fti? Last ft; or Friday's V Bonds '
Range Since
Period
Sale.Price Bid & Asked/
Sold,ftft January 1 -j
Low
3
19
27
ft
,
.
(Plan
reduced
Rio de Janeiro
,
York
stamped
;( l ; Interest
Foreign Governments & Municipalities
BONDS
$22%
105%
99
ft'"
rftV
Low
27
1947
Mortgage Bank of Denmark
1 ft.
13 ft;
(
>:
$23%
M-S
1947
120%
116%
.
90V*
J-J
1931
6s
110
100
,.7
;
90 V*
'.'ft'
—
xw51
AMortgage Bank of Chile
109%
1055'a
1
ft/ft ft
99%.
,99%
J-D
2008
stamped
•V A7s (issue of Oct.
84
106
v.:-," 53
108Va
122
•
1947
—
5s__—
New
7s
Interest
5 VaS
'
2%s
to
January 1
No.
Mortgage Bank of Bogota—
30
105
-_
105
'
Co
78
109
108
..
.
__
J-D
Newspaper Union—
s f debentures
conv
1A York Rye
74
108
A-O
1980
—
'
77
J-D
1964
5s
Traction
Penn
Western
6s
1954
Water Power 3'/as
West
Interest reduced
High
A)
A7s (issue of
May
d;bs_
income
(Plan
AMedellin
Waldorf-Astoria Hotel—
Wash
1848
stamped
—,
1953
(Peru) 6%b stamped. 1B58
stamped
Range Since
Sold
;
6%s
114%
•—
•
of)
■■ -
'
2022
External
108% 112'/.
4
ft
-ft
A
A
ALlma City
■
108% 108%
'
57%
3
•
-105% 105%'
108%
Mortgage Bank
ACauca Valley 7s
Danzig Port & Waterways—
ft
^
(see
Bonds
Friday's
or
Bid & Asked
Low
ftft 1 ft:
107%
107
Sale Price
High
27
•••
Utah Power ft Light Co-■
L010
r-
Week's Range
Last
Period
"
48Va
108% 108%
■■ftftftft ft-ft
Co—
United Light ft RaHways
ftftft.
ft-
J-D
v,'.<•••• ^.Y..'' 'ftvfi''. *• /
5%s
con8
J-J
ft
1949
4«
Light & Power
1st lien &
No.,
.
Friday
Interest
January 1
Bogota
'143%
__19bS
J
;
jft;
—1946
stamped
Edison
High
BONDS
York Curb
Exchange
New
Range Sine#
ft
Sold
y-,:'
Industries—
Toledo
■'
Bid & Asked
ftftftftft-'v Low
'.ft/r-
Bonds
Frlday'e
or
;
Sale Price"
Period
'•.,
Week's Range
Friday
Interest
•r'/:
EXCHANGE
ENDING JANUARY 18 /ft
..
'.'V/'ftftft*"
Exchange
FOR WEEK
"vtc," voting trust certiflcatee}
without warrants.
v
:
"
.
-
t;
EXCHANGES
RANGE FOR WEEK ENDING JANUARY 18
Friday
Last
Week's
Z Range
;
Sale Price
of Prices
Par
Arundel Corporation
Bait Transit Co
Preferred ▼ t
/
Consol Gas
J.-
28%
—
v t C—-~.
common
—*
Power
&
common.
—*
—
.
4%ft preferred class B-.-:-U—
>
Eastern Sugars Assoc com
—I-
16"
450
*
High
Jail i
20
330
20
69
Jan
'
.
-
Feb
,
30
114
300
8
102
155
•.
rftftft 85'4: Deo
>v.
Jan
169 ft
'
40 Va Nov
Sep
16%
ft, Jan
157i>
116%
19
Bakeries
Boston
Nov
New
ft
20
common
6,75/c
ft-''1'1
Casualty——ft.
Northern- Central
Ry—
5ft
-
U S
Fidelity & Guar
——50
102%"
97
'
36
90c
Central
5%
Apr
-ft,
13% Nov
104
104
Works__
.
Dec
ft
42
IT
38% Sep
Narragansett
Rac'g Assn
Nash-Kelvinator
355
':
A-———.!--^ft-ftftl975
Series
58
Vernon
Mt
Woodbury Mills—
90%
96
__
38
Mar
Butte
7,500
43
Jan;
48%
.
Deo
76
.Apr
1,750
98
Nov
.ft
tjee
96% Nov
•
Colonv RR
Reece
Button
Hole
8tone
Suburban
Elec
Mach
101
Dec
/:/•■■''•.
•
American Agri Chem Co com.
American
4$%
17- ft:ft
American
Tel
American
Woolen
Anaconda
Copper
Bird & Son
Boston
&
&
Edison
Herald
&
29
.
Dec
196%
"
Maine
Corp__
RR—
com_.
Boston
&
Prop Trust,
Providence RR
Heel a
——
x.v
preferred'
46 Va
Ry
copv
(J
D)
preferred
Lines
common
series
Inc
A
'
36
-
.
Apr
73%
Oct
Nov
Dec
ft. ft 52
;
Dec
Oct
Nov
76%
•
;
Jan
31% July
'
•'
20 Va
•
59% July
13% Jan
150
-
ft 83
ft- 50
ft-.38
Nov
"V-
May
'ft
"
for Week
Shares
Washer
3%
-
9%
199
30%
31%
13%
Apr
93a
30%
Dec
ft
6%
200
/;
6%
658
Jun
100 ft
99%
99%:,
-2%
14% Dec
Jan
78%
.125.
76^%
ft/ •ft:: 7%
76%
7% •'::
25
ft
100
/
ft
100
112
120
31%
Feb
47%
Janr
3
110
f'+i'•
V
10
120
31%
•
——*
common..
112
118
.
%:•;
ft ft
ft
33
23
1
J""*'
42,
96
230
.
35%
•'
"4
:
14%
12
1.735
31%
195
Stores
Capital
_»
Corp—l
Electric
47.50
_*
see
page
58%
37
204
16
537
:•'
21
27%
349.
60 Va
47.40 47.50
-47%
—
Co
footnotes
58%
42%
Barber
Co
5%
,17
7%
11%
common-———-1
(W H)
Mfg
Dec
Bendix
Aviation
Berghoff
Co
24 "/a
49 Va '
21
,
27'A
•
78 Va Nov
11
807
„.3,100
12
14
ft ■ft, 6% Jan
100;
ft
1,550
ft
3,400
,
7% ft 8%
10%
Jan
.
11,400
J;. 17
"
Oct
12%
ft-
Dec
20%
V;
Dec
15
Dec
Mar- /.: :■■ ft/28%
Dec
1% Jan
'ft/- 6% NOV
ft: ft ; -.7%- Jan ft ' ft' 17% Dec
ftft"; 3
Jan ft •'•ft
8% Dec
> ftft;
5% Jan
ft
10 Va
Dec
Corp
common—;
25%
25
21
21%
35%
36 Va ft.; ft
24%
26%
5
56%
—5
*,
8 Va
Jun
ft 109
Jan
109
Jan
-
Dec
Corp
16%
Jan
26
16
Apr
21
Dec
500
26
Jan
36
Nov
650
16% Jan
27
Nov
ft.//ft 50
,250
,
57VA;_ .,300
48 %
15%
900
10% Mar
24%
ft; ft 3,150
61
Jan
Oct
1
15%
21%
Bliss
32 %
32VA,::,..
r,:300
18%
Feb
31%
Dec
Borg
(George
16%
17%
1,900
16%
Dec
xl7%
Dec
'
7%
15%
Oct
23%
Jan
Dec
W)
Corp——
Borg-Warner Corp common..
54%
54%
ft 100
21-. Dec
Brach & Sons
48
48%
250
24
Jan
Jan
42
Brown Fence & Wire
32 Va
32%
50
23%
Jan
Jan, ft,
May
Nov
Dec
Feb
% - Dec
30
Brewing
%
Mfg Co capital
1
& Laughlin Inc common—_____5
Binks
Dec
Common
(E J) capitalclass A.
37:.
Dec
59%
Oct
Burton-Dixie Corp
47.15
Dec
Butler
49%
53
Mar
10%
550
"5%
12%
2.800
6%
1,300
13%
Jan
35
35 "'a
1,250
22
Jan
108% 112%
120
Nov
900
27%
Dec
55
ft 33% Aug
11% Nov
Jan
27%
ft
Jan
11%
22%
2634
367a
Jan
10
Sep
377/a
1,724
,17%
7%
16% Feb
7,600
16%
Dec
ft; 7% Aug
5%
.
Dec
21%
500
143'a
26%
%
18%
Jan
1,600
10
common
36 VA- Jan
42
13 V4
High
.
10 V*
:i: 2,200 ftft/;
12%
26%
"ft//.-.
common
Barlow & Seelig class A common
Bastian-Blessing Co common—.
Nov
6%
100
ft
July
,77.71
125
23%
X42
11%
/
15Va Jan.
1,500 .ft
Nov
16% Jan
/ft
142
13%
13%
Low..
ft100
19%/
117a. :ft 11% 112%.
.ft /-,
207/a "2i ft14%
Range for Year 1945
High
ftft: 19 ft:
.12%%
common.^
common
Belden
100
Sale*
Range
of Prices
19
common
Co
&
Automatic
100
Gillette Safety Razor Co
For
;.'"784
ft
Week's
Mfg common—;.
.Corp
Athey Products capital.—/.
Burd
National
»«»
38%
18
Equipment Corp common.
Asbestos Mfg Co common
'
■
p 175
50 Va
19%
52
288
:
28%
120%
•r
t
45July
51% Jan
89
153 ft-; 153
3s—
'
Employers Group AssocEngineers Public Service
Gilchrist
77%
Dec
Nov
BONDS
American Tel & Tel
*
General
-104
72%
Mar
42%
'
73% July
37%
51 'ft.
Aro
'
1st
First
47%
90
18%
-
<■15% Jan
709
75%
19%
ft'
ft (39%
Jan
350
83% %
Oct
24% Nov
7% Dec
35% July
30
65 -ii
27% ;ft
/
'/ft.''-'
Armour
100
preferred class B
pfd adjustment
SS
165
495
:
2% July
18%
,
,'ifr'-':- '
70%
Allied Laboratories
100
Street
6ft
5 ft
Jan
..
Dec
Dec
14% Mar
ft
Jan
4%
Ma.v
.75%
4%
Jan
10%
Dec
46% Nov
•
ft:
'
1% Feb
f
200
42
40
80 V*
75%
Advanced Alum Castings——
Aetna Ball Bearing common-
'-Gv; V';
preferred
Eastern
12%
v
Dec
Nov
5
V
':•'•
Apr
113s,a 116% ft
:-v.
com.
System Inci—__—ft.
(8 D) Co__
Admiral
—*
8ft
:
•
77%
97c
Jan
14 %
7Va>
Low.
& Fuel Associates—
Mass
7V2
27
—
'1% Nov
136
33% Aug
1% Aug
1,199 V
ftft., ;-,
Westinghouse Electric Corp_-_.
Adams
—5
*
—
Common
prior
Jan
38% Mar
:
.
j.'
505 -X;
Last
10
Co
V;.'V-•
6ft
23%
41 Va
Friday
'
4y» ft
30c
S
*
637
Sale Price
—100
Service
Eastern
1
12
296
4
ft;
80%
Aviation Corp (Delaware)
Gas
Jan
3.029
17%
'ft-
Jan
30c
1,738
"
18
•
115%
common
•
Personal
Boston
Eastern
42-
109%
2,106
■■■k
737$
21%
ft;
'ft;;
••■:
-■
class C 1st preferred———-100
&
;
Chicago Stock Exchange
100
Range
:
r
v; ■•ft'
1
100
Stamped —
———._100
10ft class D 1st pfd stamped——100
Copper
715
47
39
300
class B 1st preferred-——100
Calumet
Dec
Jan-'r
July
49% Nov
Stamped ————__——100
Cities
Nov
25%
22c
-^.-23
Ry
Traveler
\i Stamped
7ft
17
v
31% Dec
Jan
prior preferred—
100
preferred stamped— .—100
5ft class A 1st preferred100
.
Nov
Jan
.i
Nov
6ft
8ft
86%
15%
'...
/
10.376
2%
:
7ft
,
Jun
Apr
475
140% 141
Elevated
Boston
23%
59 %
9% Jan
426
1,064
.
42% Dec
.
: 2,296
Jun
62
400
94c
16 Va
.17%
Co
High
*
29% July
41V8 Aug
156% Jan
79
305
49
23%
Boston
■<,.
41%
46%
Albany RR—
Boston
42%
38%
——
Inc
Boston
Loo
52% 53%
191% 194%
Tel——.
Range for Year 1945
83
133%
17-%
4
-
*——
preferred
Warren
Shares
Dec
12%
Jan
7Va
617/
3% "ft.6;ft'ftft
:.ft
Drill—
Smelting Ref & Min
for Week
High
41%
Sugar Refining
S
Waldorf
.
20
»
Jan
\
5,050 '
3 Vis ft'4% ft:
-ft
22ii
Securities
Fruit
Sales
Range
Dec
Nov
*
1,440
25%
'
73%
."'44%,
'
^
0
22%
sic
■
of Prices'
Dec
12 Va
47
64 Va
5
76
Drug Inc..
6 ft,
Low
1
•V
4iy2
V
15
ftr.ift/./ ;/••. '■ itfi
Union Twist
U
Last /;
51
-
T
5%
180
-
32%
130
73 %
_____
Torrin gton Co
'J
US Rubber
Sale Price
'
ft-"ft/-ft .r.'-"
92c
Ihc-t.
Webster
&
United
STOCKS—
Jan
1,330
:
.
4%
Folding Machine—
United
Week'*
Jan
Nov
3% Dec
Feb
75%
:ft.-24
83
_
,
,
United Shoe Mach
Friday
•
1%
.
101%
55
-'••;
21 Va
132 Va
Minlhg_^._^
Old
Jun
Apf "ft*94
70^
$95,000
97
^subordinated)—101
deb
:ft
39
Jan
'6%
40
17
75Va-
.
•
Pacific Mills
%___ft____:
_/ft.
Pennsylvania RR
^ift/ft4*ft~«
Quincy Mining Co
14%
"
•
New England Tel & Tel
North
Shawmut Association
__
75VA-
24 Va
'Cos—..
Oct
102
BonJ«—
Baltimore Transit Co 4S_——)97*
"
...
35%
■
70
i 13 ftft
54
^ ft-
,rZ
Reece
48%
:
Inc_
Nov
• * 110
Apr
:
Dec
"1.00 Dec
106% Jan
12% Oct
47%
70
Nov
.
3j/4
Jan
45
32 Va
.
__.
36
"
-
100
ftJ56
42
48%
•v
Vft;;
15
July
1%
379
19
12
■ft
ft.
Linotype
New England Gas & Elec Assn5 Va "c
preferred
/___
10
15
.
,V
National: Service
"i.ft
...
14%
__
High
v,
'"
____
Alkali
Mergenthaler
%
60c
r
360
12%
47
18%
12%. ft
::
54%
12 Va
ft"
200
ft..;
3% .ft;
51 Va
'//•", ''f
19
common
preferred
99%
y
Mar
25c" ~ Jun
%
35
*
ft
ft/.,
17% Dec
•
Nov
if
'
-
.ft
*
26
20Oft
RR
ft
-
Dec
30
90
96
*
111% 111%
ft
58 V*
Dec
;
15
'••:
'■
210
^
90c
50
ft50
"ft k*
ft.
Jan
25%
•...'
:
__
pfd——100
preferred fti—ft—
*
'
168% Deo
46
260
21
101
r
47
35%
,
common-——10
Seaboard Commercial
a48*
2
North American Oil Co——j.—-—25c
Phillips Packing Co 5%
58
26%
,
•
102%
'■'■ft;'
■■
Amsterdam
New
58
26%
21
prior pfd———i._300
cum
ft 168
•
Theatres
:
6% July
226
-
2
47
i,ft
_______
Loews
Range for Year 1945
LOW
14
3Va
v'
ft'-.i^'
common—
ft
Maine
Dec
3%
Lamsou Corp i.Del)
6% preferred
Shares
High
13%
'-iiftft' 2
'ft 2
Copper,
Kennecott Copper
Mathicson
Fidelity & Deposit Co—_—
20
1691
Fidelity & Guar Fire Corp—
10
58
Houston Oil of Texas <o"b pfd vtc—25
Mt VerhonWoodbury Mills-^
ftft.
ft,.1 -
'
Low
'
ft>, •
class ;Aj—
Class
B
Isle Royale
•
16%
for Week
of Prices
•
/
29% -Deo
;.:7
Jun'
625"/.".'ft JL75 ^Apr..v
31 Va
v90
90 " :
ll6s» 116%
.
100
vtc—1/
5%
30»A
Hathaway
Range for Year 1945
Lota
28% "
5
31
?
High
21
,
5%
100
o
E L
Low
•'
•
Shares
Sales
Range
Last
Sale Price
Sales
for Week
Week's
Friday
Baltimore Stock Exchange
14
Feb
Mar
18
13% Mar
26
"
Piston
—
Ring common—
_—
Brothers
Oct
Va
——
Castle & Co
Dec
Central
(A M)
Illinois
Pub
common-
Serv
$6
pfd.
35%
108 5%
-
99 %< Jan
11%
■
'
Dec
27%
Dec
35
Nov
112% Nov
i
THE COMMERCIAL &
Monday, January 21, 1946
FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
FOR WEEK
RANGE
Week's
Last
Range
for Week
of Prices
Shares
Sale Price
STOCKS—
111
Central
preferred
Convertible
Central S W Ulll common
Preferred
for
preferred
Chicago Towel Co conv
5%
for
Vtc
Consolidated Biscuit common
Rights w i
—
—
17
17%
49 %
Jun
Wrigley
81>
547/a
Jun
11 Va
12
731/4
Jr) Co capital.—.;..*
Machine capital
5
80%
Yates-American
Zenith
*
40%
40%
100
18%
19%
48
48%
1,300
1,400
Jan
82./,/
Safety Razor
Gillette
Inc
Bros
Goldblatt
23
3"%
8%
....251/2
(H W) common
Great Lakes D & D common
Gossard Co
28%
35%
20
3
45%
30%
Jan
Printing Co
26
9
•
V:
9
Jan
.
;
\ ■.
'if-
■
f
■
*.
'
,»pow. .Brick Co capital- Illinois Central RR common
Prod
Steel
intfiana
6%
La
Ext Unlv
Salle
Leath
Co
&
Field
Mfg
Car
Penn
preferred
13%
13
14%
14
13
13
American
Baldwin
,:
Cincinnati
Jan /
Dec
Cincinnati
3%'Jan
Dow
v
1st
preferred
208 South
For
•i
National Pumps
.
:
Dec
13% Deo
14%
Dec
14%
.
Nov
capital
common..
51%
192
48
Apr
52% De<r
49 Va
Jan
Jan
313
3
Mar
10%
9%
30
6%35
•
32%
33
10
V
—
——
36
536
50
10
5
10
5
6
La Salle Street Corp cpm—•
400
36%
349.
Dec
11%
Dec
77%
Dec
24 Va
Dec
10%
12%
76%
78%
555
62%
Jan
23 Va
23%
265
18%
Jun
46%
Jan
50
100
38%
Feb
23
100
17 V*
16%
750
Aug
11% May
450
23%
Jan
480
43
Jan
/ 420
16
Feb
29%
145
•
26%
47%
66
28 Va
Jan
49 % Dec
; ;
Cleveland Clock Exchange
Friday
STOCKS—
■.../:'; -v-
.
.
'
■/
Pflf
9%
Nov
98
18 Va Mar
I
Controller
Clark
33%
Jan
Cleveland Cliffs Iron
13 Va
Jan
Cleve
preferred——*
Graphite Bronze (Un)_—.—^-l
.4% Aug
Chtt?
Corp
16%
Consolidated
7%
450
600
8'A
100
.8%
•
Jan
105
105
:
50
Dec
Electric
Jan
hn
xl7% Aug
23 V4 Jan
Dec
Faultless Rubber
31%
Dec
Firestone Tire ft
33Va
Nov
Dec
39%
Nov
General
Electric
Jan
11%
Dec
General
Motors
26%
100
29%
100
23
24
300
18%
Jan
40%
43%
3,300
34%
11%
12%
1,300
5%
30
3,100
20 Va
20%
35
33
35
24%
24%
25%
44
44
25
25%
150
7%
5,100
/■ 6%
350
1,900
20
14%
Apr
14% Aug
tl9% Aug
12% Mar
26 V4
Apr
20% Jan
3%
43
43
44%
700
33%
24
23%
24 Va
400
16
24
21
24
21%
21
21%
550
29%
Jan
20
Nov
21 Va
Jun
23%
Dec
54% Nov
26 Va Aug
Gabriel Co
54%
Dec
Jan
196%
Nov
157
31
Dec
10
Dec
30
Dec
19% Jan
28
Dec
80% Jan
3,318
26
,
9
Jan
103
Dec
5% Jan
175
31% /■Z 28% 32
a43% a44V8
;
20%
25 /
•
—
44
Jan
68% NOV
18 %
Jan
29%
Dec
31Vt
Jan
45 V*
Dec
Goodrich
(Un).
#
—
a76% a76%
al3
al3 ,
a48 'A a49 J/a
_.
a78
'—
a79
.
.
66%
68
Oct
Jan
20%
Jun
22%
Apr
53 Va Mar
50
' 30
428
241
a44% a44%
a44
a44V2
—
—
(B
F)
Goodyear Tire & Rubber common
Grav Drug
Gxeif Bros
•
*
—
■
6%
Jan
27 Vi
Ocft
Oct
70% Nov
12V4
Dec
37Va
Jan
49% Sep
777/s Dec
26
Jan
46
Dec
25% Jan
43
Jan
62
39
.Oct
,
118
a66% a677/8
22V» 23Vi
55
55%
Cooperage class A.
—*
55
,
•
July
/ 74Va
Oct
July
63%
Oct
14
1,032
235
53
48
/
'"GO
97
a75Va a75%
/
—
'/ 23V*
;
•
Bros
t—5
50
common—
Dec
Dec
Hanna
23%
Dec
Harbauer Co
Apr
22
Mar
24% Dec
33
—•
7
33
48
Jan
60
Dec
16%
Jan
31
Dec
52
Jan
105
280
100
33
54% 54%
* /
— Z
105Va 106%
* ///— ■/■ ■-'/■/ ' 12
/ 12
Dec
55;
May
110%' Jan
Dec
Apr
39%
Nov
31%
Dec
Jan
—
—
—
*
!10
——5
x,—•
(Pnj
...
common
Jan
13
*
-—-
Jan
Jan
12%
49
57
a69Va a69%
' 110
67
68 ...
140
/ 21% ' 22% Z ■
920
31
31
,100
68
21%
Rubber com (Un)
Tire & Rubber Co
Glidden Co
Vi
Jan
120
Dec
18 Va
400
13
.,—
25
class A.——————1' ■
25
17
1,200
1,150
6Va
Apr
99% 101
a64Va a64%
100
———
44%
36%
38%
54
Jan
Mar
14
30
Jan
11%
:
" Dec
7
31
38
31
31
,
.
2%
425
128
95
8%
a6%>
22% Apr
8% Jan
Dec
36%
2,050
27%
8Va
a5%
a29% a29*/a
—
Controller
RR
General
20%
,
4 /v..
Manufacturing
107%
29 3A
1,100
•"OH
34% Nov
10
365
30
17% 18
al92%al93%
' a9% alOV4
Gas..———15
Natural
■46%
26%
20%
.
/
—
——5
common
July
750
19%
*,
Range for Year 1945
2% Jan
76% Apr
33
// 32%
__
Refractories—a-——-——1
Fuel——.————-*
Range
of Prices
ov tJigh
a35Va a35Vs
.
f
Sales
for Week
Shares
Week's
lad
Sale Price
/- ."//>;/■'/).'
200
25
27 V*
54
30
23%
Pure Oil —-i—Standard Brands
15% Nov
50
7%
38%
4
12%
-10
-
30% Dec
Jan
Jan
18% Aug
13% Mar
150
26 V*
7
15%
863
917
19% Feb
600
42'A
7%
19%
Nov
6% Dec
32% Dec
38% Dec
Jan
27%
43
66% Oct
V; 27
'
23% Jan
14% Jan
90
33
Apr
Feb
77%
——-
Motors
1,400
' W.
3%
Bee
48% Jan
:309
28%
25
—w
25
10
6%
.
11% Dec
55% Mar
858
69%
66%
—-i/.-——U-*:
General
Jan
33
Dec
119
9%
Oct
/ 6
110
30
'
Jan
250
50
Jan
4
20
Unlisted-
2% Jan
21
.v. 24%
29%
36%
272
:
Columbia Gas
.
common
13% Dec
10% Jan
100
•
25
capital
page
Jun
2,450
500
Dec
HVa
21%
12
Nov
375
130
,
Printing ————•
Nov
58
'
6y»
69%
Rapid
U S
Jan
6
B————
■
40
12%
'
/ -Class
■'
118% 118%
#
—*
Randall class A
•
78
38
26% Apr
36
235
c
Mar
48
'
9%
Procter ft Gamble.,—
HVa Aug
19%
t-
-■-
-—-—-—*
—
58
46
51 Va
■'
"
Little Miami gtd
;
——50
v
^
v^\ rSLiif)
r-r
:
~
,
33%
f. 12
48%
*
—
—
7
10
99
135
26%
Jan
13% Jan
191
32%
20
20
preferred
see
12% Dec
21% Dec
8%
25
12
23%
80%
32%
23
'15%
•
Machine Tool common
footnotes
Apr
'/
12
'
Jan
49
*
1
(The)
176% Dec
33%
51%
i.--—100.
i———
City Ice ft
8torkline Fur Corp common...
Co
Jun
'
Halle
Trane
125
80'A
'U.
—i—/
Basic
Common
Swift & Co
Jan'
30
29%
6,500
2
Corp
'*::
* •;
Jan
common
8t Louis Nat Stockyards capital
Stewart-Warner
16
33%
Jan
Inc
Sundstrand
July
57
*
—
4%
common
Oil of Ind
Dec
13%
11
■
American Tel & Tel————.—100
—
Standard
NOV
95
15
22%
Jan
*
1
...—1
110% Dec
;15 %
78% Jan
"/
Jan;
(The) common——
Dredge
—
—
.
Eaton
Standard
106% Oct
62
31%
28 V*
32%
Spiegel
56
2,716
13%
L\L
33%
i
Dec
6% Nov
28%
16%
-ii—-10
Insulation'..—
Leonard
5Va. Jan
41%
;
Nov
;
23
2% Mar
32
I
26%
/Mar
20
94%
23%
*
........—
Gibson.-: Art v
Kroger
Jan
50
.
9
45% Dec
Jan
Jan
100
32%
..
High
10
174% 174%
■Kahn •—u.-i—
Jan
13%, Jan
Drug
Formica
Jan
28%
,145
32%
15
16%
—
Eagle<-Picher
Early &; Danleli——
Jan
20%
10
Raytheon Mfg Co common (new)—50o
Sangamo Electric Co common
-•
Schwitzer Cummins capital
1
Sears Roebuck & Co new capital
•
Serrick Corp class B common
1
Signode Steel Strap Co—
Common
new
•
Sinclair Oil Corp—
•
South Bend Lathe Works capital
8
Packing
6Va
American Rolling; Mill-
'
Oct
72%
,54% Dec
Cities Service
17%:
33% Dec
Jan
Apr
79
Jan
Aug.
/Range for Year 1945
5
Jan
50
68% Nov
18%
100
8%
17
Nov'
Aug
93%
12%
Quaker Oats Co common
Rath
51 Va
38%
79
Dec
45%
57-
52
650
48
33
Jan
Jan.
6V8
800
19'A Dec
Jan
56 Vi
200
112% 113
-213 :
.——.50
Union Stock Yards
*
Telephone
Coca Cola class A—
16
51%
6Va
100
——————^—50;
18 m
16
;
46%:
17%
Cincinnati Gas & Elec pfd...'
Cincinnati Street
Jan
/ 7% Jan
4,550
Jan
19%
/ Low
400
7%
/'/••W
10 lA
,
29%
High
1,200
16%
5
Dec
for Week
Shares
Range
of Prices
18%
7ya
49
24%
Dec
35%
■
Sales
Week's
;
22 JA
15%
;/£»
Jan
,m
v
21%
41%
Nov
v,//'
45%
200
common
Corp
_
45 Va
16 Va
—
64
17
21%
.
Dec
Jan
400
33 3A
—8 Z
Jan
7%
;
56%
500
•
72%
20
——
100
Steel Car common
Process
Laundry Mach
—
6
10
——0
—100
10
50
common
Pressed
200
;
Burger Brewing——-*
Champion Paper & Fibre.——,
*
Cincinnati Ball Crank
".——.5
4% Mar
500.
1
32 Va
70%
32 Va
Jan
2,500
68%
Low
9,100
—
(The)
Co
Oct
Dec
3,800
13%
14%
►■
M3*
Dec
Jan
Jan
1,700
18%
35%
68 V*
.
25%
15%
2,000
■!s iri > • /
———1
Pennsylvania RR capital
Poor & Co class B
Potter
25 V*
■;
Jan
.350
18
33'A
Par
Jan
300
8
18.
«*/J
Nov
•/
34% :
Addressograph-Multigraph com (Un)_10
Akron Braso Mtg
————50c
Allegheny Corp •
—;———1American Coach ft Body———5
Switch class A
Elec
I
*
Dec
52% Feb /
107%/Jan//
19%
23%
1
44
28
48%
/ 23
••■/■..I
Sale Price
Apr
6%
17
Dec
14%
$Jar,
1
22 ■<;
■i
500
♦'//
Last
7%. Jan
--
0
/
Jlec /'
9
49% Sep
r
Jan
22% Aug
1,300
1,400
35
-1
48
12%
common
(The)
25,Va
-
Friday
Jan
5
Corp
common
Co
Pen
300
60 Va
Rubber. Co common—.——
Dec
23%
Feb
6%
48
:/.-,/97% Dec
300
58 V,
STOCKS—
24 Vi Dec
Jan
20
7%
Peabody Coai Co class B com
6 %
26
>'
Jan
xl9%
*
Jan
5% Jan
42
24%
Dec
7% Jan
1
111% Nov
67%
43%
common.——;
Omnibus Corp
Parker
U S
•
20
common.——*
Northwest
Bancorp
common
—.*
Nor West Util 7% preferred:
100
Nunn Bush Shoe common———2%
Mfg
-13%
'.
21%
Jan
38
17%
33%
—*
.25
J
Studebaker Corp common
"■'
■
Dec
Nov
Jan
76%
300
17
58%
Dec
Nov
24
■'-:;/
19%
V// 47%
29 %
-
2,700
1,200
42
23 V*
common
of N
22
8
/
8%
48%
34
-«•
14%
19
V
24%
common—ri*
10%
19
11% Jan
/
Dec
22%
13%
SpringfiUed common---.-—*
Illinois
Dec
Dec
77%
Jan
22
i
Cylinder Gas common
1
National Pressure Cooker common—2
National Standard common—
-10
Oak
Oil
11% Apr
Ward ft Co common—-•
American
Dec
'
..25% Nov
Jan
18%
National
Northern
14 V4
16
22
Noblitt-Sparks Ind Inc capital—
Dec
Jan
Nov
Apr
13% Mar
common
common
Montgomery
North
61
,/
Feb
-.9
,
1
preferred
Minneapolis Brewing Co common
Oct
; 35 / July / V V. 43%
Jan
34% Feb
11%
Hart Inc common vtc
Nachman
Dec
62
$1 prior
Modine
Brands
Standard
Dec,
56%
10%
Mickelberry's Food Prod com—
Middle West Corp capital
A:
23
Jan
6%
7
Ubby McNeil & Libby common
Printing Co common
Lincoln
Miller
Standard
Nov
16%
5
•
common—..
common
22
81%
70%
,/V 7Va
47%
1
Republic Steel Corp common
Dec
52
,
49% Feb
Lindsay Light & Chemical com
*
\\V ''
1
' ''V *"*%&}. ' i
V
McWilliams Dredging Co com——*•
Marshall
-Mar
24% Aug
preferred——50
—.—-—100
—
Nov
13%
310
•z/Zw^'V'/
!8
_•
Radio Corp of America
Oct
6%
——.
preferred
Dec
Aug
17%
.
8% Mar
160
5
•
capital
Incorporated
Pullman
// 15% July
7% Aug
13% Jan /
23% Dec
common.
Kentucky Util jr cum
RR
Ppre Oil/Co <The) commqi—
Dec
28
V
13% Mar
pfd-—.————~*•
1
Kellogg Switchboard common
•
Co
32 y2
104 Va
Jan
1,050
42
—1
Paramount Pictures Inc
Dec
35%
:
Power $6
Drug
'8%
'48%
common
■
...1
Warrants
Interstate
Katz
:
17%
-
Martin (Glenn L) Co common—
Nash-Kelvinator Corp.
Nov,
29
'
,
Apr
39
com——*
common
-
25
Jan
4
100
Indianapolis Power & Light
Co
Interlflke Iron .Cor„
10% Oct
Jan
18 %
10
1..
Dec*
42% Dec
3% Jan
15
•
*
'■$,'&
1
Oct'
100% 104%
*
Electric
.
common——
;.
Jan
Z
/■"■
_•
Curtiss-Wright
NOV
102
12% Apr
* '
Hubbell Harvey Inc com—-5
nupp Motors common (new)
1
'
^.—50
Top
New York Central
Spencer Bartlett common.
25
Horders Inc
common.—————
■.
22
100% Dec
100;
100
Hibb
Pouriaille-Hershey
47%
Mining
Copper
& Santa Fe Ry com—.100
Bethlehem Steel Corp common
*
;// 30% Nov
Mar
Parts
Motor
Werner
14%
750
■'
'
10
Harnischfeger Corp common
10
Hems n
Brew Co G cap.———1
Hein
47%
Atch
Dec
26
17% Feb
—10/
common
19
Anaconda
Dec
,
34% Nov
1
?
Jan /■
36
.
42%
41%
23
General
20%
20%
•;/
-
American Radiator ft St San com—*
Nov
8%
Jan
24
21/4
:
Hall
common
19
•
•
com
Corp
18 ':/
;
-.
104% 105-
.137% D.ec
30% Dec
July
7%
34%
*
*
.
common.
1
Jan
17
1
common
Radio
Oct
54%
37% May
Dec
79
16% Jan
34
10 /
common—
Z
93% <)an .1
140
Feb
117%
Nov
63
common——/—*/,
common
76%
Jan
114
117
V
•
Indust
41% Dec
31% July/
//140V/ >,102%
11%
//.;:• / 2,500
35
34%
*
(Wm
Dec
Dec
■: 85 '>
■;
44V* Mar
1,000
38%
38
.12%
Wisconsin
Woodall
Dec
•
Wieboldt Stores Inc commop.....—
Cum prior preferred
i.
Bankshares
,
31% Mar
■
100
Jan
5
5/
common——1
Co
Refrigerator
400
.
25%
V.
common.
41%
51%
42Va
General Candy class A———
Gibson
Oct
Dec
;
Dec
27%
:
20%
>
Dec
General Amer Transp com.—
Corp
41%
51%
—
Westinghouse Elec & Mfg—
Common (new)
32
5.Z
10
(Peter) Brewing common——1%
CorD
*
Telegraph common.100
common
>
^
*1
Oct
Four-Wheel Drive Auto
Motors
Co
Union
Western
"r-Vv"
v*
24%
8
Finance
Walgreen
Fen
,,"//
35
—15
Outdoor Adv
'}■
«
Nov
45
Housenold Util Corp
•
*'
64
301/8
Elgin Nat Watch Co
Flour Mills of America Inc.
"pern
'
Dec
62%
Jan
May
59% : Jan
,
49
(Alf) & Cohn Inc common—10
Corp common.
•
Corp'
—5
Domestic Industries Inc class A
1
General
1,700
":/ 32
Doehler-Jarvis
General
92 Va
Jan
Dodge Mfg
Fox
'
High
102
Jan
Unlisted Stocks-
25
(The)
86
•
—
Jan
Decker
wiertr"*
U S Steel common.
35
8
Cudahy Packing Co— v, :
414% cumulative pfd (new)
-.100
Curtis Lighting Inc common———2'/a
Eddy Paper Corp
12
22% Aug
31%
50
common—
300
53 %
140
partic shs vtc class A
-*
Common partic shs vtc class B—.—*
Co
22%
64
82
Common
Crane
22
45
.
pfd
Co vtc partic
/ 7% Jan
10%
Dec
9%
14Va Mar
/:
32
117
5-/
25
—1
Commonwealth Edison common
Consumers
Nov
21%
■vi
coo
Light ft Rys—
————-■■.
United, Specialties common.
>
1
Apr
33
j
Jan
28
72%
—-A--/—---*/.
Inc——
Co
16
27%
42%
Service Co common.———10
Club Aluminum Uten Co com
—*
(The)
21% Mar
21%
25%
United
•
20 Va
_
Cities
Coleman
33%
Dec
190
,
100
//' 79
35
*
common—-5
Chrysler Corp
Jan
Jan
52%
Transp capital—5
Line
i
52%
-
100
44%
pfd———*
capital,.'■
Common
82%
;■8%
Air
United
Range for Year 1945
'
High
109% 109%
63
*
.—100
common
Jan ft
16%
LOW
Shares
32
Chicago Elec Mfg class
Vtc
Dec ■;
186%
9%
*
A pfd
Chicago Flexible Shaft common
Chicago Milw St Paul & Pac w i
Chicago & North Western Ry—
12
V 131
•
-i
Corp common—.——
Convertible preferred
Jan
Sep
20%
Burrell Corp common
Omcago
14
33
Lt pfd
*
common-^-----—-':■/
.—-5
Co
Belt
Chain
Pr &
States
Central
Cherry
Dec /
111%
16-
184
Dec
22
Jan
11%
117
117
6%
Jan
14
21V*
10%
*/
—
5
21
preferred-r__—._^-_-,-:--'''
lien
Prior
4%
*
600
—_
'/a
■
Carbide & Carbon Capital——*
Union
Sales
for Week
Range
of Prices
Par
Hiph
LOW
'
common——1
Corp
Secur
Last ./.'■
Sale Price
8TOCK8—
■/,: Range for Year 1945
High
tow
:■':'.Z//. '//'/V^X/Z////// Par
■■
Week's
Friday
Friday
■./■//
///', \
ENDING JANUARY 18
Sale*
52%
Dec
Preferred
(M
——
A) 4%%
pfd
-
—
Industrial Rayon (Un)
Interlace Iron (Un)
Interlake Steamship
—
73
17
—*
—
*
*•■'
/
--
■
42%
73%
17
43
////
87
10o
8% Jan
10% Nov
.
180
375
39%
154
33
Jan
8% Mar
Jan
69
Dec
14% Dec
/ Dec
45
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4457
163
'•
•
343
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING JANUARY
".y
:*''r
;
t?''.'
!'•
•'!' ?'
!
'f
Last
%y,\>ivto
Kelley
«
L
National
Cement—^-'.
Paving Brick
;—
Oil
'
"7%,
.
class
A—
•
;
V
•
■
j":
'j
Pennsylvania RR
•'. .;•
—
50
.
a
.:
•
,
Nov
19
!;i;:
•:
Dec
37%
FAIRMAN & CO.
Member Los Angeles Stock
Dec
7
Steel
Standard
Oil
1———
Bros
(Un)
35%
•35%.,'
•
.
Feb
16 Va
,1
16 Va Aug
35%
33 V* Aug
Dec
23%
-•
25
Exchange
Dec
Jan
19%
59
10
60
30%
Dec
19% Jan
10%
25
•;'
Friday
19% Aug
U
Steel
8
Van
Dorn
•
■:.'V
(Un)
i'/v?
—
Iron
Works
Vlchek Tool
14'
14%
—————^
Warren
Refining to Chemical—,.
White' Motor %—ik.—
5
_2
-
Youngstown
Sheet to Tube common.."
Youngstown
Steel
(Un)—
—
85%
Jan
29 Va
20
•}!='.
Mar.
Dec
Creameries
27%: Sep
Douglas
General
Motors Corp
Exchange
York
New
Curb
Chicago Stock Exchange
Ford' Building
Week'*
Allen
Electric
Baldwin
Oil
1
Continental
Crowley,
Detroit
4%
1
Consolidated
Detroit
Paper
—.4
Motors
Detroit. Gray'
:
•
£%£
r.. 8%
.20
2o *«
———4-.A;•
v
I
Trucks
.
Brewing
?
.5'%...;
19%
Dec
Jun
16 y2
Dec
oct
convertible
preferred
Jani
5%
-4»-
Houdaille-Hershey
Hudson Motor-
Jan
■-■■■■.'
Dec
Parke,
Davis
Parker
Rust-Proof
Wolverine
Peninsular Metal
Prudential Investing
(H W)
Dec
v" 3'
;
"•
Dec
5
Dec
Jan;
5%
Nov-
Feb
7%
Dec
13 y*
Jan
20%
5%
Jan
12
6
3%
Feb
29%. Feb-
—i
6 y«
29,
Nov
:ry,'34-,''-Dec-;^;-6% Dec
•
-2% Jan
1
Dec
39% Nov
.
"13- " Jam
v
Dec
y.2% Jan;
;|-.4% Dec
•••
—
2
Manufacturing——,„i.4—-1
Simplicity Patt common———44--L
5%
-
5%
i
:
Investment; common
United
Shirt
<i
-
r 7
9
,
,
♦
3%
13%
670
17%
17%
'4-565
"71/4
9%
500
"
9
4
8"
,»
1
•;.'
'
—i—-
—1
Products—
—;
—4;
.
'
Jan
;
8
Dec
Dec
7%
3 V2, Jan
5%, Mar
600
'
jun
17%
2% Jan
710
y 6 Va July
3,853
4
Dec
14
•f:-3' ••'•' Apr--
1,780
-
7
•
6% Dec
:
;,
Dec
7
Dec
15
Dec
8%
y,.;. 9%
Dec
17
Dec
10%
310
S% Jan,
200
4%
60y4
13%
100
9V4 Feb
27,248
1.320
1% Jan
y 62% Dec
y 13 y2 Dec
"'.V. 5Va Dec
9y».
y 4% Mar
•10%. Dec
37
195"
6Va"
4%
10
;
Jan
Feb
15%
.
13%
6%
-
8
15%
60%
—_——————50
common—
•
6%
7%
13%'13%
;10
common———
10
Jan
Jan
Dec
ltd
;.'syyy;
;;''y;y?'yyy;yy;;* yy-Y-Y;yy
Week's
Barker
Bros
Ferkey & Gay
Co
Pacific
Clay
Pacific
Finance
Pacific
Lighting Corp
Bolsa
Chica
Froadwav
Oil
Dept
Elec
Public
4,400
1.05
7%
Oil
•'
100
6,242
2,400
8
8%
950
1.10
1.60O
55c
'.•.«••••• 30c
34c
18,300
8c
!'.
32c
13
100
l 55
16
44%-
!
803
34%
48%
Nov
Jaiv
mo
23% Mar
9
9%
<
a52
y
65o»
17
20:
20
-
'
4
47%
4,700
1,155
*
33c
10%
:
Jan
10%. Dec
52%
100
130
30,000
.
Nov
11%
:V ;
$ 25%. Aug
13c
55
Dec
18%
6% May
33%
;
Nov
77 %c Dec
Jan
300
Oct
26%
Jun
20% Aug
41% Jan
55
33%
60
Mar
247
Dec
24 % May
Feb
5%
6,036
>
1
9%
Dec
27% Oct
55%, Dec
'i
33%, Dec
12c
He
77
100
25o
23c
25c
18.800
20
20
20%-
1,712
al9
al9
y ;yy 35
37%
38%
2,068
45%
46%
309
45
Feb
31%
30%
32 Vb
1,507
30%, Jan
32%
Nov
31
2,245
30
31%
Dec
.61%
61%
Nov
47%
49%
9%
9
9%
889
20
20
21
44,130
77
*
;
.1
•..
Co Ltd
25
37%
32
•
•
—
47%
......—_1
;
-
5
a64 Va
26%
26%
27
22'A
22%
Inc
Co
10
1
a31
:
33%
10
-
"
Dec
21
Dec
11
21
Jun
v.
Jan
26%
•v.
Jan,
41; ;
Dec
Nov
Dec
36% Nov
•
Mar
39%
Jan
62
Jan
49%, Dec
5%
Sep
10% Mar
28
58
'
9
Feb
50%
Dec
Sep
27
Dec
Jan
28
Mar
25
Jan
31%
16%
Jan
35% Nov
3%, Pec
5v
174
3%. Dec
'
"996"
145, 1
Dec
15%
225
3%
;'■:•
22%
,
20V8 Jan
2,633
33%
145
30c
7c
"
.
78
54
39
a31
v
3%:,
———
18c
Jan
Jun
14% Aug
1:
Jan
2,559
a64% a67%
1st pfd-.--.-*
Inc..
4c
6,265
-
22%
Lines
Jun
Jan
230
a26% a27%,-
—.15
Showcase to Fix
Air
'?•
&52
-
—.30
Rights ——
-l—..._
Western Pipe to Steel Co
Nov
14%
46
44Va
16%
9%
a26%
.
Oil
1.75
18
Dec
55c-
9%
-
Consolidated
:
•i
y 6% Jan
:
',13%
California.—--———25
of
220
355
a62Va a63%
16%
9%
Air
Dec
Dec
15% Nov
y;
y 27% 27'A- •' -yj
!a3lV8.a31% «
common..
West
6% Aug
13
•.
44%
^63%
Corporation.—.—
&
Dec
45c
'
—25
Company
Transcontinental
Dec
9 Va
.
1.25
29c>: Apr
22,700
16
13
...
Corporation...
Transamerica
1.60
1.45
•
pfd—
Calif
V;
'
.——
of
Dec
65c
3% Aug
••'•;;
Dec
9%
Jan
Feb
Dec
1.20
Aug
1.45
30c
Dec
1,50 Dec
41%
Jan
13
i
60c
Dec
Dec
24
Sep
-
Pacific
Jan.;
1.05
preferred
.25
preferred class B——————25,.5%% preferred class C—
—25
Standard Oil Co
*■
Jan
19%
49c
55c
Edison
45c
8%
Dec
40c
Jan
1.05
~8
1
—
Calif
May
13%
43c
Co—
Original
1.75
7%
—1
Com
Solar Aircraft Company
9%
Jun
1.05
1
Corp.
Jan
9c
172
*
1st
3%
25c
8,664
1
32% May
27% Nov
15% July
880
1.30
Apr
Jan
15%
1,330
9%,
1.40
Oil
Western
34 »A
1.40
Trading Corp
25c
Signal Oil to Gas* Co class Aj_—
Signal Petroleum Co (Cal)
1
Universal
Dec
a42 % a44%
Sierra
Oil
Oct
2.00
1.25
1.40
„
—
Weber
31
a43%
.
Union
62 %
75o
*
570
common
Service
Oil
Oil
Dec
50% July
170
8,500
,
common—
Stores, InoSecurity Company
Shell Union Oil Corp—
Sunray
Nov
32%
87/a.
1
Safeway
Southern
Dec
22
Jan
30c
Corp common
Aeron autical Co
ooor.hern
77
Feb
16 Va
;
125
1.25
Oil
Sinclair
Jan
12%
627
a31% a33%
preferred
Mining
27%
800
Apr
Jun
39%
Sep
Black
Stocks-
Mammoth
Cardinal
Cons
Gold
Cons
10c
Mng Co.
12c
.
1
Co..
Mng
16c
17c
Chollar G to S Mng Co...
•:
14c
2.25
2.50
3,000
7,300
t
7c
Jan
19c
Nov
2c
Sep
20c
Nov
2.000
.
20c
2.25
1.00
Jan
2.10
%
Dec
Imperial
25c
7c
7c
7%c
16.500
20
May
10c
Nov
Zenda
25c
15c
14c
16C
13,600
6c
Mar
15c
Nov
19
19%
395
19
Dec
Development Cq Ltd..
Gold Mining Co—,
Unlisted
Amer
p*r
15%
15%
American
Tel
Consolidated—,
4''4
49
*
v
I
80c
i
1
Corp
Stores
•
5%
;
2
Co
Corp_
7%
1
Inc
Apr
8.390
3 V2
Aug
loo
6%
49
-
17%
Jan
90c
25c
300;
•
1.651
•
v
Oct
'
A T &
see
page
349.
Co..
S F Ry
Baldwin
Bendix
Oil
Works
Vultee
Dec
6Va
Dec
8
37
24Vh
Co—
30%
Aircraft
Zellerbach
.
v 6
♦
511
a
6%
2
54
35
a35
•
'
•
Aug
33 s,'a
Dec
17%
Jan
24%
Feb
...48% July
6RV4. Jan
49% Aug
94% Oct
17%
Jan
31%
Dec
34%
Jan
38 Va
Jun
21%
47
a73%
••
10%
Jan
20%
153
39%
Jan
46%
65
47
48%
Jan
68%. Oct.
v
V,
10
a35V4 a35%
,.
50
a33
.
•
3%
1
a31%
1
22
52 V* Oct
2,325
22%
-'
39%. Apr
20 Va. Feb
4'A. Jan
1.77Q.
3%
a31%
4
a33
42
Apr-
29% Mar
Dec
Nov
11%. Dec
21
32
Nov
Oct
U Feb
8,170
20%
16
.
2a
Dec
4%
Nov
Jan
33%
Dec
19%
Dec
18
9
22%
1,130
——5;
a40JA a41%
260
32,
5.
a30% a305/«
100
21
Jan
Sep
41% Nov
Mar
"30 Va Nov
Dec
Jan
Curtiss-Wright Corp
Class
A
——
1
J
——■—
8
29
3.600,.
29
5%
Jan
.210 i
8%
-1
19%
Jan
29%
Dec
9%
Jan
21%
Dec
'4%
Jan
16Vt
Oct
9
Dec
"
5,025
.
Dec
25
95
11;; 12 JA
a24% a24%
Corp...—...
Oct
10%
35-••
12%
Corp
Dec
Jan.
39%
V. 203
,,..•
—..—*
Corp
Dec
112
a50% a50%
Company—!_25
Southern
15
Jan
a53% a55%
10
—*
Jan
5%
144
Corp..
Nov
—
a31 a33 %
Corp
49
6%
200
%
Electric
Nov
Jan
77%
200
a 76%
;
Edison
30%
Jun
196
32%. May,;
35-
a99% al04'%-
50%
Feb
a53%
*
—
Co—
Solvents
V
a57% a57%
__
Jan
-r
29%
760
•
Continental Motors Corp
Oil Co (Del)
Crown
1.15
36%
vtc_.
Continental
Dec
Apr
—
24
Tractor
&
50
13%
Jan
161
3,905
Pacific Railway Co—.—..25
Co
———25
Commonwealth
178
a39%a39%
11%
Corp^..—...
to.
1,673
108% all0%
10%
I)
Commonwealth
a
11%
...
Boeing Airplane Company—.—
5
Borden Company
—15
Borg-Warner Corp
———5
Service
574
'
108%
a
—
Bethlehem Steel Corp—
(J
48%
14%
48-
■V.100
Co
Aviation
616
'12 :V
42%
•
70
192% 192%
48%.
Co—:
Locomotive
Barnsdall
a67% a68%
J:
Refining "Co.——
Aviation
Corporation
Dec
3
a68%
Atlantic
5%
2,005'
10
•1%
Jan
21-
J*n
24%
Feb
7%
•
'•
Nov.
Electric
Bond
to
Share
51
Dec
Electric Power to
38%
Dec
General Electric Co—
TT
footnotes-
Corp,.
Copper Mining Co..
Armour to Co (111)
41%
l7/a Mar
500
6
7%
11%
San
Refin
"
♦
common
High
'
5%
100
to
to Tel Co
Anaconda
Cons
*
Stan
to
Smelt
Commercial
Ranga forYear 1945
Low
V"
Stocks—
Rad
American
Columbia Gas
Shares
High•
————
Byron Jackson Co
For
to
Republic Petroleum Co
J&yan
62%
310 :
3,150
common- —10
Corp
Pacifio» Western
Richfield
Nov
2oy8
Products—.
Gas
Ranch
10
1.90
:
1
Corp
Pacific
-.5 %?»•
6ya May
1,513
31
1.75
Oceanic..' Oil - Co——«.—•—■—«•—» 1:—i
Rice
%, Dec
<y 590
a67% a67%
1
Pictures
Pacific
Dec
20
26c
Co
Dec
385
Jan
'
10c
Manufacturing Co
1.35
Dec
20%
Co
Jan
350
;13
8%
31
———10c
Diablo
Cities
fnr Week
Low
common
Furniture
Diamond
Blue
Co
Corp
Barnhart-Morrow
8'A
30c
40
676
:
1
Petroleum
Caterpillar
Sales
Ranee
of Prices
■>
Sale Price
—50c
—
Petroleum
Banrtinl
19
10c
Petroleum
Case
Angeles Stock Exchange
Friday
stocks—
Mfg
18,070
385
*
Co
Oil
Canadian
Los
Aireon
1.25
382
17%. Dec
■*
v
3% May;
1,805
12 V*
y
7
Distributors—
Walker to Co B—
7JA
815
•
-
—-—1
Union
5%
7V8
,7'
7%
.13%
B common-———.-1
Brewing
y
Sep
12% Mar
-Dec
6y4
23% Mat
4" 29%
Fheller
Screw
Deo
4
Jan
2%
—10
Aircraft
8
33 Vs
27%
'
Co
Radiator
Dec
Nov
n%
Paper———-—-—*-
Tube
3%
2Va Jan
2'%
Scotten-Dillon
Udylite Co
Dec
35%
Vi Mar
•::
River Raisin
Dec
"9
Jan
,1%
4- *• 4444
,
10
v-May
32c
'■
__
i—*
—.
34'A May
1%. Jan
5%"
•
1
Products—
Oct
-
10
common--
25
-
5% Mar
0
_*
_.
'27% Aug
•
|slS1.8^:?'Deb;
1 Vo May
26
-
'
50c
common—;—_4.4
Dec
'
6
3%
-..•"..•:3%'
1
Aug
15 V*
ISVa Jan
-
2%
—:
36
:
Jan
-'
"1
-
Jan-
21% Oct
Y'i
12% Aug
•
Jan
g
.
Deo
7%. Oct-
'
...
23%
26%
•
Dec
18% Nov
•76
Jan
12%
4
14%
Jan
9%
4%
Park Chemical Co common-.
Parker
-
1
common-——-
7% Mar
Jan
-
...•■;.
Casting——
Sugar
Dec
Dec
23 % May
2
Murray Corp common-,
Packard Motor Car———
Wavne
17%
6%
3% Jan
__
r
Mid-West Abrs' common
Preferred
25% Dec
.
4Vi
5%
—10 '4 36
Products———
Michigan: Die
Warner
Oct
•
444
—t.
:
McClanahan Oil common
S
;
■
62%
■
4 4'
—
common--——
—L—
Screw
4
-.
Caf*J44444,444.*"'
Wines
v.
U
10%
,
Apr
*
14 Va
14%
......y
44—4——1
Kinsel Drug'.;.-w4—44——4——a
:
;•
10
Hurd Lock to Mfg—44—
Ttvoll
Deo
^%, Dee
=
-
"
V 7, t;4
■■
;
.
2%
common...,
Kingston Products
Kresge <S ,S)
■■
t—5
:
•v
18%
77%
4-425
a
Hoover Ball-Ac Bearing—
Hoskins Mfg common--—
standard
25ya
Jan v;
9% Mar
—;;i-
—„——1
Lamp common——^——..—
Rlckel
9%-Dec.
*15%
r.
4—„___10
i*———,i
common
uoeoel Brewing,
Graham-Paige common
:
Nov
Jan
y 1%
6%
.—.
Michigan
23
21 Vi, Jam
17'A
Industries———_ 3
Mfg class B
6
Motors
Masco
Jan
1% j Jan
General
LaSalle
3% Dec
5%
1
1
—_
Gemmer
Hall
Dec
16% Dec
-
8%
;
'
.
*
—
:
9
,
1
2
:
—
Wood
$5
5
Jan
18
1 Friar's;-' VUe
Gar
.
1% May
hW 22%
Corp
Frankenmuth
•
*
^4;
common
-
Federal Motor
•
July
10%
3%
1
commons
■
Steel
10
.
Iron —
Detroit-Michigan Stove
Detroit
16%
J4
NuVigauwii——HO
Cieve
Edison
2
■■
.
Milne?
&
Mva
Oct
Jun
1,875
18%
l
Oil, Mng & Dev Co
Nordon Corporation, Ltd.
Northrop Aircraft Inc
Range for Year 1945
94 'A
1,445
1
Co
Monogram
—•<
••
Jan
17%
32%
Mt
Shares
High-
Nov
71
80
V:
c; 1.05
10
Merchants
for Week
of Prices,
Low-
1
———
Rubber
McLaren
Brown,
Range
27
33 'A
a31%
Merfesco
Sale*
Jan
32
*
Intercoast Petroleum CorR
Exchange
Nov
10%
■; 17%.
Car Co—
Lockheed Aircraft Corp
Detroit Slock
31:
1,135
78%
com
Dec
Apr
38%. Nov
16% Aug
26% Jan
23%
Motor
Dec
28
1,706
a95 a95%
77
Mascot
Sale Price
24
23%
Lincoln-
For.
30%
»
Lane-Wells
•*:
1,635
*
Jade
STOCKS—
37
Nov
7%
137%
Dec
"
Hupp Motor Car Corp
Telephone: Randolph- 5530
Last
17
23%
Hunt Foods Inc common
DETROIT.
Friday
375
—10
Hudson
4 y Aug
19
Gladding, McBean & Co
Goodyear Tire & Rubber Co
Holly Development Co
Associate
120
Jan
_50o
common
407/*, Dec
Mar
30'/a
1
(new)
High
Jan
77
94
General Paint Corp common
Detroit Stock Exchange'
;
Inc
28%
:
285
18%.
35%
Electrical Products Corp
4
Exeter Oil Co Ltd class A
1
Farmers & Merchants Nat'l
Bank—100
F«rnsworth Television to Radio;
1
Fltzsimmons Stores class A—
1
Member*
-
375
—•
Co__
Industries
192
•
America,
Aircraft
Dresser
Watling, Lerchen & Go
Stock'
of
Low
124 130%
new
-
Range for Year 1945
745
,..D72
6%
OV2 - 6Z
6%
al37% al34% al.38%
l
...
Shares
45
130%
5
—*
for Week
High
41
100
-
—
Consolidated Steel Corp
Preferred
Dec
70%
-
Aircraft Co
Colorado Fuel & Iron
Loto
•
Chrysler Corp
Dec
47%
Jan
39 Va. Jan.
115
Cessna
;»|W
•tr-
4121
Sales
Range
of Prices
Par
Dec
•'•Ay-7
Week's
•
Sale Price
California Packing Corp com
Central Investment Corp
Oct
13%
26 %
,460
STOCKS—
Dec
7% Jan
2%, Feb
2D
'
a70
a?3%
a26%..s(28%
■
Door
..
..
425..
.
a42:
Oct
18 Va
125
,.25a.
f3'/a
a42
'
*
-;
-14 A;.
27
66% Nov
July
58% Jan,
369
a89% a91 V*
31
31
j,.—'
10
.
Dec
Dec
45
tfe 165
a65 Va a65%
33%
56 V*
.
39% Mar
615
r
25
•
..
*
—~
—TRinity
Dec
14% Jan
■
Ohio
of
Thompson Products Inc
Unlisted Issues
—
Nov
1,075
;
Listed
West 7th Street —LOS ANGELES
2IO
Dec
.
46 Va
Jan
170
.
35%
BROKERAGE
FACILITIES
Nov
Last
Republic
Richman
AND
Oct
1; 14
<\
21%. Jan
-128
al8V2
18
a29% a33%
—
7%
•
170
.
,
40
.
Jan
152
25
.
Dec
•
400
22%
a46 % a46Va
•;
■;
?•
—
Jan
2.
Co., New York
COMPLETE INVESTMENT
Jun
15
Jan.
284
35 Va
22%
'
17 Va
20 V*. Jan
2,370.
\y:;-
24
f'.t *
'
r,
Electric
% 4%
&
Dec
46% NOV
:
Jan
23 Va
534
v.
161%
35%
y
•
a
Jan
7Va
70
7%
al6%
W-.
(Un)
7%
V
30
;
13 V* Mar
...1,933
.
Direct Private Wire to Allen
High
Jan
27 Va
...
.1,506
•
41%, ;44..*y
18
18%
.
'''
iUn)
Corp
463
1,360
14%
Loto
23%
120
a367/a a37%
•
Patterson-Sargent
Reliance
;
——
Y Central RR
y
16 Vs
14%
: jV44.
Tile
LeMur
:
32
15%
•
14%
Acme
National
Radio
31
,•
.15%..
Portland.
Medusa
Ohio
/
y
High
a447/o a48%
T
to
Sessions
to
Metropolitan
N
'is*
,
Low
>
Range for Year 1945
Shares
of Prices
Laughlin
Island
Lamson
Nestle
hff '*
Par
•
Machine
Jaeger
Jones
T
i :'•••
for Week
•>•••;„ Range
Sale Price
.
Salea
Week'a
Friday
STOCKS—
18
Co.:——.5
Light Corp..;
—*
"
20%
22%
a20 % a201/2
305
48%
1,181
48%
60
38Va Jan
48% Oct-
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, January 21, 1946
OTHER STOCK EXCHANGES
*
Week's
Last
STOCKS-
Sales
Range
Friday
Sale Price
for Week
Corp
General Foods
Motors Corp
Northern Ry Co pfd
Great
Loew'e.
'
i
47
Co
Oil
Ohio
a 32
-
78%
35%
34
.
/ 327s Dec
Jan
Blaw-Knox
Clark
L)
(D
Dec
Columbia Gas 8z
137-b
Dec
Devonian
Duqueshe
Dec
Fort
Dec
Harbison. Walker
9®4
Jan
157b
Dec
Jeannette
Glass
19%
Jan
Gas.,
290
16j4 Aug
S3®
•
: 867
Jan
2,799
193a
Jan
-
•;
National Radiator
Dec
Ohio
Oct
America
Republic Steel Corp
Seaboard Oil Co of Del
—»■Sears Roebuck & Co (new)—
Socony-Vacuum Oil Co
Southern Railway Co—
Radio Corp of
-
-
347ai
j._
'427-8
17%
Jan
35%
3574
Jan
42%
Dec
Jan
687b
11%
Jan
2174 Nov
187-8
Jan*- '
337b
3174 Mar07
387b
Dec
Corp—
Pacific Railroad Co
Lines,
a
Aircraft Corp.
Comoration (Del.)
Corp
Pictures
-lio
87
34 %
490-
V:
/
jj
■
685
177b
Jan
a53% a54%
230
41
Jan. ;'
a547«
72't,':
97b
2,456
28
18%
11%
27b
27b
.
Pittsburgh
Pittsburgh
Pittsburgh
Pittsburgh
Co
0%,
5
:yk■;■, •
.-,
100
Works V t c
Corp pfd
Mfg Co common
Bankers Securities
(E G)
Budd
Chrysler Corp
Curtis Pub Co common
Power & Light—
Delaware
Shamrock
Oil
Standard
Gas
&
General
Steel
Pennroad Corp
Pennsylvania RR_:
Power &
Penna
'■
-
-.:-
371-r
2nd
Oil
Sun
—
Mining
Tonopah
.
Corp common—
Invest
Transit
Preferred
United Corp common
25%
'•••; 375
58
Jan
67
Dec
25
15%
Jan
233 b
Dec
350
-17b
Jan
37b
487b
653
3974
Dec
7
44 7b- Dec
13
280
6%
Jan
'• V
12%
;
9
7
,
7
9
2%
100
274
4%
21%.
67b
.
Jan
70c
Dec
77b
Sep
21%
Dec
97a
Jan
174
Jan
8
Nov
1%
Jan
{■) 6
Nov
Jan
45
95
160 V
.;
7
&
•
"
700
200
:v.'
45%
425
V:
37%
38%
>316
{■
37 Vi
39
6
•
6%
77;
515
1871
York Stock
Curb Exchange
3174 Aug
Colli
86
Dec
25%
Jan
24%
Dec
Inv
American
Dec
Equipt common—w-
2478
Oct
Century Electric Co
Bottling common—.
107b
10 %
247b Nov
Coca-Cola
——i
34
3374
325
2274
Columbia
i—5
V^.4'
21%
>V.< 40
13%
77%
Dec
38%
40
22%
Jun
6074
Dec
177e
Dec
Bldg
10
Jan
147b
Hut tig
3,188
.
5%
4,226
8%
327a
26%
150
"
,:
.
„
Nov
87s
Jan
Nov
Brewing
Pepper
common—
Brewing
S &
491 b Nov
207 b Nov.
V
205
120
32
4674
189
; '
29%
31
fihoe
Key
Co
Knapp Monarch
122
if-Jun
Dec
Laclede
$2.70
Laclede-Chrlsty
Dec
297a Mar
Steel
Landis
Clay
Machine
Jan
467b Dec
Meyer
266
427b
Feb
617'a
Nov
Mo
103
577'a
Jan
73
Nov
National
Car
;
i
•
3674
5
V-A
685
.
174
8,974 "
57b'
;
267b
v.
• •
'
387a
408
-
137 b
', 4,738
400
24
Dec
4774
Jan
55'7.
Dec:
St
Louis
St
Louis Pub Serv cl A
47b Nov
Jan
51a
Jan J,Jan
i
i
Dec
5078 Nov
•Sterling
Friday
Last
Range
183b
Oct
25
307b
1
Jan
417b Dec
1
of Prices
25
17
BONDS
Range for Year 1945
High
Preferred
Acme Gas
—100
—
•
& Oil
Oil
Alger
Dec
180
Dec
4,945
17
Aug
55
99
Sep
■
•
.
32
25c
7,820
14c
534.100
45c
-48c
40,300
23
24%
780
103
103
149
145
149
45c
_
•
•
common
Canada
1.75
103
—
_
100
pfd
Dec
147bC Aug
Nov
30
106% 107%.
2.35 Mav
1.25 Mar
6.500
•'
•
'• ■"•
••
•
Anglo Canadian Oil—
•
1.27
1.15
1.28
Arjon
Gold
Ansley
Arntfield
:
For
footnotes
see
page
349.
Sep
25
Dec
', 25
Dec
20
; Mar
237-2
Dec
Jan
30
Nov
Aug
1774
20
35
Dec
Dec
31
Jan
9
Dec
Jan
21
Jan
217a
Nov
530
;
46
13
Jan
34
Dec
715
35
Jan
49
80%
Feb
<
v
'
Nov
123
123
$18,700
123
,
'
-Dec
123
(V
Athona
Atlas
Geld
,7
45c
Low
10%
Range for Year 1945
Low V
'i
99%
9,643
191
974
99
High
7
Dec
10%
Dec
Dec
99 74
Dec
3
;
43c
-
1,045
Dec
2%
Dec
50c
34,300
10c
Jan
59c,
Nov
86c
27 b
.
7
High
9%
J-
Shares
34.900
27c
Mar
1.75
1.40 Oct1
85c
80c
49c
48c
62c
Nov
19c
15c
20c
69,300
Feb
21c
Mar,
69c
68c
79c
342.650
15c
July
95c
Dec
26.840
30c
Dec
45c
Nov
6.900
40c
Dec
Mar
1
Mines
■'
".'avd'
.:
for Week
1
1
Mines
\
.
..
36c
35c
39c
44c
44c
45c
Bagamac
Dec
Bankfield Consolidated
23
Dec
Bank
55
97
Jan
103
Oct
Bank
of
Nova
370
95
Feb
134
Nov
Bank
of
Toronto.
•
28c
67bc
111,500
35c
1.29
1.25
1.35
62.000
74c
5.30
4.70
5.75
40,999
62c
62c
Feb
179.200
1
mmm
—
14%
62c'
1
Aubelle Mines Ltd
Aunor
/
of Prices
99 Vb
1
—
Mines
Yellowknife
'
j
Range
1074
—
Sales
Week's
Last
65c
3.60
Aug
J.03 May
88c
Oct
Jan
1.90
Apr
Jan
4.75
Nov
Dec
1007 b
70
107
Jan
Oct
7.60
3,355
1.30
Jan
73c
17,250
9.050
_
^
.
Jan
-
Nov
Dec
11%
'
■"
•
—
—
—
29c
30.400
32c
Nov
76c
81c
17.200
53c
Sep
96c
May
22c
4.600
16c
May
27C
Jun
25c
187b
7
Jan
11%
'
'
1
Astoria Quebec Mines
Jan
1.94
78c
Jan
Jan
1
Mining
Ashley Gold
50c
21c
—1
—
9%
17%
20
.1
Armistice Gold
21c
10 %c 117bc
26C
PorcuDine Gold
Mines
Dec
ki 33% Jan
Jau
11%
V- 34'-;
1
20c
1.85
Gold Mines
Aquarius
' O
16
20
35
47%
38%
85
22
100
I-
Dec
'
Area
Nov
6
\
7
v^8.-- Feb
1,498
20%
Par
..
Feb
lO^c
1.85
478
33
Sale Price
Mines
7%C July
12c
*
Anglo Rouyn
325
38
22
!'■
•
of
Barcelona
20C
Dec
21c
-
Traction
34%
34%
34%
10
34
33
6
6
•
Exploration & Radium
Beattie Gold Mines Ltd
Yellowknife
27<;
2274 cApr
Apr
227b
Dec
2672 May
34
Dec
277b May
347b
1
565
500
57,600
4
Oct
127bc May
5
Dec
Dec
24%c Mar
21%
22
35
Jan
20%
Dec
1.44
1.42
1.49
36,600
1.22
Jun
2.35
Feb
1
1.40
1.40
1.58
24,365
1.24
Oct
J.90 May
41%
540
29%
Feb
40% July
227b
Feb
30
53c
Dec
•
-
:
•
•
Class B
23 %c
25c
34 y
6
Nov
Jan
1674
•
1
Barhurst Power class A
Bear
Beaulieu
10
—
_
63c
Jan
10%
630
142,550
23c
24%
»
•
...
19c
2374
13C
73,516
54c
52c
24%
Mines
Scotia
Beatty Bros class A
51c
1
10
Mines
Montreal
Base Metals
Anglo Huronian
45% Oct
MARKETS
38c
y
"
107%
"•
Feb
374 July
JANUARY 18
Aumaque Gold Mines
10c
■
107
1974 Feb
205
22c
12 %c
20% Dec
7%c Jan
3.400
1.60
23c
•
common
Ltd
Aluminum -of
96
Jan
105
10c lOVbc
31
.
1.68
Consolidated
Gold Mines
Aluminium
Dec
Mar
2% Mar
-
Copper
Algoma Steel
Preferred
_./• v.;
•,32,
Gas
&
Alberta-Pacific
Aldermac
•••
7
44
140
6,491
*
Agnew-Surpass Shoe common.,
A lax
104
104 ?
•
V"-
—
24
165
25
,
207b
inc—1964
Warrants
:< •
125
■j
180
09
24
3<*%
»,
St Louis Pub Serv 25-yr conv
LISTED
1,673
87b
70
1
10
15
Argus Corp, Ltd common
4%% conv preference
Low
97*^8'
282
:
1
—
745
.
237b
,
••VV/V
——10
com-
•
Shares
8
25
30
26%
^
STOOKS^-
High
177
23
"
'
'
■;'
'
947 b
80
25
•
Aluminum- common^——
Dec
.
for Week
95
274
475
50
17-S
w——•
Stix, Ba-)r & Fuller common
Wagner Electric common
257b Nov
Sales
87b'
420
13
■
30
——25
—
common—!
4% Nov
Nov
:
'*
—25
—
:::kyr : xt
Week's
;v
J:
46 7b
20
—j
common
2%
Canadian Funds
—100
preferred
—
preferred
•
Acadia-Atlantic Sugar common-
Dec
7%
7%
Friday
7%
Nov
Feb
—
8
com
Portland Cement com—
Apr'0;:;':.'
Toronto Stock Exchange
6%
'•
23
1%
'
20
'X
3„
1% •Jan
5,263
474''
507b
Prod
Jau
1
105
3%
RANGE FOR WEEK ENDING
Abitihl Power & Paper common-
vV? 57
163
pfd—__v_—•
common.
Candy
Low
Mar'
"774
_*
Blanke common—.—
210
57%
71%
247b
Sale Price
2774 Deb
Apr
34
Jan
5
common
457b
49%
Par
18
40
14%
ivj1'.
common....—————
33
Jan
19%
Dec
CANADIAN
STOCKS—
:
480
common
567a
42
Oct
Dec
4074 Dec
24%
Preferred
697a
24
Mar
34%
47%
Hydraulic Pressed Brick common
Johansen
100
26
58
—5
100
D common
447b
27 Jb May •
327b Mar
313b va-;-: 999
447b
r.''
116% OctT'-S
591
44%
42
Dec
21%
?
:
297b Nov
Jan
21
1,126
31%
•
I
common—
International Shoe common.
*•'
9.585
307a
4%
——
1,145
.
M
29%
17b
common
■
7.
'
Falstaff
467a Nov
Ja a J
377b Mar
203
447b
118%
7*7--
8%
'
Oct
8
•10
Jan
Dr
<
Jun
55% Nov
>"•.
■
14%
July
140%
:
;f: 7%
47
8
Jan
Jan
b.-.
Griesedieck-Western Brewing com
11%
Jan
Jan
173« Jun
>
668
1.458
8%
:
Jan
4
9%
2,618
v
7%
135
1674
Jan
25
130
927b
67'8
:i
13%
3
Bank
T'
High
■'{Low
High
137b
1
Year 1945
Range for
Shares
of Prices
Low
.————1
common
Sales
for Week
"Range
Par
Jan
■
593
Exchange
Week's
Last
DOc
Jan
1
'
<'f„
Sale Price
12%
37s
377b May
Phone
Friday
'
^ 35'% Dec
Jan
-
-
13/S
-25 7.7;. .47477
•
5%
hp 377b Dec
CEntral 7600
Associate
Dec
217b
287 b
7
^
27'%
62
-,
287b
25
Westmoreland Coal ——.20
V
;
10%
268
•
3174 1
Dec-
27£b Mar
,
Bell Teletype SL
Louis Stock
1,721
11%
_—10 :7
Westmoreland Inc.—
T:
Dec
'
445.;
157b
7f _i-
28 7 a
Jan
137b
* 7.
*
100 |
34
„'
Exchange
4374 Aug
■
2074 Dec
/
2, Missouri
Chicago Board of Trade
7
486
43 3»
Dec
-.
North 4th St., St« Louia
557b
44%
,/
:
D. Jones &
Established
■
3,005
26%
274
'v.:'-
447a
d
237b
167 b
44%7:7
2974
29%
Mar
Jan
5c
Listed and Unlisted Securities
52%
46% 7 7
' 7;. ;:
10
90c
25%
20%
;
i;'- -' 19638 Nov
10%
-
„
Jan'
Dec
Dec
520
247a
Steel——7——Hj
Westinghouse Air Brake
—«•.. ,
Westinghouse Electric Corp com—127'a
237b
8
7
80,242
60c
50c
Alloys
237b
-
Dec
•674 Nov
3%
——.—1
vtc
Common
Vanadium
217b
„
2% Jan-'
117b
United .States Glass common—:—1
507b Dec
247a Aug
57% Jan
•'-i;':; 172 '*
617b
8%f
'
719
137 7 a 139%
•777 49%?f
13% $ 267b
preferred —
United Gas Improvement
$3
Jan
-
50
50 & —
*
* 56%.
•.'? ;! 70%
1 7;- : 37a
Co common
preferred
Paper common-
167a
100
79
25
—<—-3
—
Reading
Scott
24%
157b
-
Nov
267b
''7%■'" 'Ss
Dec
High
Jan
s
61%
50
Philadelphia Electric Co common
$1 preference common
4.4% preferred —.L
Phila Elec Power 8% pfd_
——
26
,767b
—•—*1%
Salt Manufacturing—
Corp
85
24%
11%
Light———
Penna
Philoo
85
1
.—-•—.————50
__
Nov
27 b
-
2514 July
?j.
Jan^;-^
157%
1,093
11Wrf-k 7
50 7,': 15%
.
Lehigh Coal & Navigation—
Lehigh Val'ey RR
National Power & Light-.
Dec
45 VA
Springs—————I
Dec
Low
17%
1,327
.'va
37%
•i•&$:';
*%/, 167b
Motors
Brothers
Gimbel
Jun
77b
277b
-
3%
.1
common—
..
-r.i* 1,206
30 7b
34%
.
Battery—
Electric Storage
327b
30%
7- 37%%'
13
50
•
*
12 V3
Jan
Range for Year 1945
Shares
1917 b 194 7b
.
Dec
Week
?<. for
High
30%
.
2474
' 24%
8 .137 7b 7
*-* ■; 22'
,—13 %
.—
•
55%
*® W-. 77% .. -'
Budd Wheel Co
Range
Low
192V8;
:;;
be
Autocar' Company common....
Baldwin Locomotive
32%
:
of Prices
'pPPPs
Par
—_4--.--.--~-T—
*
Stores
American Tel & Tel—
American
■
v
'i
v.;"
%lS6t '*
'•'IOCPrice
'" 'V '
Dec
167b
Sales
Week's
"771^..Friday
Dec
Nov
26 Vi
1
York
.
Jan
45c
St. Louis Stock Exchange
1
Feb
1%
■1,300
'.'75'- "
69
:————1
—
Mining
New
7
Jan
109
"
Renner
San Toy
Stock Exch.
:.;7
Feb
97 a
.
1174
277b
200 f.V- -21
'
Dec
Apr
Jan
10%
7,094
J
12
'
Dec
Dec
93
3,410
77a
36
25%
33
77b May
512
127/2
7
36
■
5%
25
1974
Jan
18%
-
205
1107a 110%
.
377b May
317b July
1.363
87a
Jan
1874
Dec
52%
26%
15
20%
•
Oct
82%
387s
14%
——
Dec
3538
"7
25
Dec
:
1
Oil & <3as.
—5
Plate Glass new—10
Screw & Bolt Corp—
•
Steel Foundry com
Forgings
Nov
5
Jan
7 3734
1174
50
337
Oct
6874
'
v
Nov
3438
•
Apr
Jan
2,019 G;-
;
'v: Aug
5374 Dec
Jan
13 3a
44%
•
4%
12%
Dec
.127
Jan
597b
1.386
7>v
■■■fr*' 435 I'S
a50% a537n
a52%
Sep
174
58% May
60
90%
34%
90%
Inc—
Western Union Tel Co A
.12%
Westinghouse Eiec & Mfg Co
—1
Willys-Overland Motors, Inc—
10
Woolworth ComDany (P W)_
Bros
,,
Dec
98
Feb
2774
300
3,379
:
5%
>
a70% a7078
—
_
4%
5%
•
'
Jan v
337»
Nov
-
22% Nov
Apr
1177b
a34 Va a36%
a353,8
_•
Rubber Company——-—.-
Jan
165
a52% 053%
5
1734
847 b
155% al50% al557«
10
Inc
Air
-100
,
39% Mar
75
127
{K
601b
5-1%
Jan
370
2274
Va al097a
—
49'b
112
,
12
33%
27%
5
——
Feb
25
;
—
Dec
180 7;
aSl a51%
%
577b
—;
9%
107a
Pittsburgh Brewing common—7
Preferred
————L--—*
Nov
Jun
434
r
Steel
29^8
445
y
Va a6134
United
S
Dec
13%
5774 Nov
370
23
Gulf Sulphur Co_
Warner
y<
Jan
Jan
13%
775
38:J 4
a
United
U
Oct-
Oct
Nov
34%
•»
12
33%
32
United
S
:"V:'
'a 69
Union Carbide & Carbon
U
/
1,200'
a44 a44%
Tide Water Assoc Of
Union
26%
39 7 a
Jan
36%
7
Dec
'
Corp
Co
2574
60
nVa a47%
Swift &
Texas
2,724
7
% a607»
(
Standard Oil Co (N
Stone & Webster, Inc
Texas
•
427a"
40%
'
Oil Co
Studebaker
{
25
a 30%
Dec
32%
-
Brands,
Standard
Standard
35%
34
a307a
■
-
19%
7
Gbs
Oil &
Dec
33
'
33
—1-———-10
■
257b
25
12%:
;
10
*
—4
Fireproof! ag Corp
Jan
r
Dec
.24% Dec
:■.
Jan 7.
107b
,
National
64
7" 4374 Mar
177a
460
18%
Dec
Jan
13
150
lu
———
Dec
3674
1.723
237b
Mountain Fuel Supsly
Star
45
Mar
26
Lone
12
Jan
33%
Dec
Dec
527a
Jan
28% Mar >:
221
-
31
2374
107a
12'%
_*
—
Jun
290
.11
'
I
preferred-
1074
2434
—*
Refractories—:
4274
11
237b
.1-10 7
Brewing
Jan
*
11
v.
High
287b
127b
•
I,
;
395
247b
5
—i
*
Low
.
46
11
—10
-i——
Range for Year 1945
High
"447b
•
.
Follansbee Steel
Pitt
45%
100
Electric common-..
35
3.015
pfd—-
-
Brewing
4174 Nov
Low
•
Oil
Dec
Pittsburgh
177a
Candy
50%
:
Shares
•
35
NOV
Steel
Co
.75
250
177a
Jan
170
46
2374
Dec
22
35
—.——
38%
far Week
of Prices
Far
f;'.7■ '• 7'.; ■ '7,
Ludlum
Jan
a39',8 a39 7b
:•
Arkansas Natural Gas Co
''G': ' %■'■%■
Jan
8657b a687a
*•
—~
Dec
,487a
220
12
607 a
46
—
.14%
39
1,485
22%
22
v
117b
'
Jan
257b July
565
J-
15%
607 a
11% 7
.
186
a327b a3274-.
7b
—-—
Co
47
;
787a
r
■
22
7
.
-
—
Inc
Oil
Pure
„10
Pictures,
Pennsylvania Railroad Co_
Phelps Dodge Corp_—
Pullman
J—V'
15%
Car Co-.—.«
Inc—
Motor
Packard
Paramount
-
—1
Co
American
North
:'
3472
Aviation Inc
North American
J
7
Montgomery Ward & Co, Inc—
New York Central RR—
Allegheny
35% Mar ■7
^x'"7% Jan ':
495
[y<s
.{■
Dec
T8%
.-'140
..
62%
•
310
V
13%
35%
—18
Bobbins, Ihc
McKesson
137 b
35%
- •/'
a
35%
7:
547b
■54 74
13 7
—
lac
127b Aug
Jan
30
i
360
307b
30%:
.7, 7'v
Corp
Libby, McNeill «fc'Llbby.
'
'
Nov
Jan
;
Sales
Range
Sale Price
■
Jan
9%
339
'
.
71
STOCKS—
'■
5%
425
a39 a4074
$40
Sep
547b
'7: .-4o '7
,
17
7-
16
Corp
.
International-Nickel Co of Canada
International Tel & Tel Corp
Interlake Iron
Kennecott Copper
:
a62 74 u62%
Week's
Last
457i
5074
8,848
14%
127b
137a
—
;
50
a74% a75r,«
Co———
(3 F)
Goodrich
Graham-Paige
Friday
High
40% Mar
220
a547b a557b
a557a
:
Low
High
Low
Pittsburgh Stock Exchange
Range for Year 1945
Shares
of Prices
'
JANUARY 18
WEEK ENDING
RANGE FOR
-1
40
41
32%
60c
•
32%
34
125
59c
62c
14,800
14
82C
Sep
Nov
'
Volume
Number 4457
163
THE COMMERCIAL
& FINANCIAL CHRONICLE
CANADIAN
LISTED
MARKETS
*
RANGE
FOR
WEEK ENDING
JANUARY
18
*
Friday
Sales
Last
Range
for Week
Saie Price1
STOCKS-—
Week's
of Prices
>>;>:.■!/'Eor
-
Belleteire
of Canada
Quebec
Mines
Low
100
*
1!
1—
Bertram
■—
1.45
1.30
Biltmore Hats
:
biue
;
Gom*
-
'V
'
1
■v
36
78c
3vc
39c
40c
16
-
13,900
72c
Dec
>• 36,999
30c
ADr
<4}ih
Bonetal
Ltd—
Gold
Mines
Bonville Gold
Roycon
1
:
-5
Bralorne
1
Mines,
Ltd
Cordage
Brewers
&
;
_/_*;
i
29% '
14% '•
Oil
Columbia
Packers
•
27%'•■>'27%
•
common
Class
B
•
Gil—j**...**..
Mines, Ltd.
..1
Classy
*_;—.
*-—.
-
47c
14
—*,—:
PiaWr^
48c
-
t
48C
:
•CHMadiau
8
Class
19
88
87
•
c&mmoiu
*
24Vs
"
23%
" 12
930
•
25
21,583
24
\
24
680
23%
20Va
4.540
60
61
40%
40%
26
13
27%
14%
19
40%
20%
37
38%
.
^..
26'
14:%
'
?
-
.37%
'
1,15'
,
*
s
.145*
16
-
•
-
-
♦
695
--45%
•
-
;
:
&90
.V 10
-
2.83
-
.
1.80
-
-
t
...
150
15%
120
12Q
73'»,
9%
95c
1.75
Knitting.__.^_.„__^.^^_*
5.00
17%
18
-86c
—
14% Jan
22
Sep !
2.94 Jan -
.12% May
"
27c
247. •/
48c
17
-
19
84c
9
14
•
5,250
330
3%
290
-
-
'
-
75c
'-1:30 Oct
'
38%
Jun
6O0
:
Apr-.
•
;
30%
;/
14
14%
;
2.45
i
13,200
8c
Class
B
_j.
!—'
1.413
__a *
—.—
•
2.35
Distillers
Seagrams /common-^- /» >
Preferred
Diversified
/ Dome
--28%
Milling
Dominion
Bank
-
_„___l
V.
90c
114
Sep
11%
;
»
32
!.'■!.
•
Dominion Foundries
Dominion
& Steel com
„•
^Preferred
Dominion
Scottish
Preferred
Inv
'
25
.-/•-/
May
Dominion
Dnminlon
Tar
&
Preferred
footnotes
——
common..* '
page
5
1434
/
22
25
•
34-9.
4G%
14%
.
It
1/
29c
60c
:
*7
25% July
;<
—
111 ?
15%
V
25c
"
67c
/ 66c
48c
*
; 48c
»/.
4
24''2
-
13%
Nov
Dec
Jun
Jun
32
14-
Dec!
Apr
32%
Dec
8%
Dec
;v: 100
:
-
24%
5
14
1,380
13
-
108%
45
.
7%
15%
July
Nov
31%'
1
253i
/
Feb
Dec:,
Nov »:*■
>'■'<■ 540
Oct
>39
!
Dec
'
/
/>: 38c / Oct
-
May 'i >
:
—L—
41
>40
•
i
*********
■
Dec >
Dec/;
t
*
»j,
1
Quebec
.*»!>.1
n
S
•-
Nov
Oct
Dec
31
•/
'l /''s
—1
Townsite
Labatt (John)
Labrador
15
36c
16%
Mining
*
—J—*
& Exploration—
42c
;;
26
'
27%
1
-
>
'
Lake
La
Shore Mines;
L'uz
Ltd———***/*.—1"
Woods Milling
Mines
common—*—;*
31
6.50
>15
24% !
•'
30
6.50
-
Label
Oro
1
Mines"
Gold
Mines.
I"
25
48c
67c
20 > ,19Va • 20%
■>> 6c
> 6c 7%c
1.45
1.53
Louvico'irt
Lynx
Goldfields
Yellowknife
——1
—
Gold
—
1
>!
2oc
>1.50
>1.50
—* ;>/ 35c
34c
25%
>/',
8.25
Deo
>
Jun
24%C
Dec /
Api
•'>-'."•25%: Deo
Jan
Jan
Jan
35
Jan
9.15 May
Jan
9c
Jan
>
3c
55c
Jun
20
;i:ii 16c
!. 43c
-
»1.22
10c
Jan
1.15 Jan
18,000
42,900
25c
15% Aug
22.125
/
Sep
s.-,
Sep
-
Jan
>
580
26% Mar
•>-
875
25
/i
>
20 V3 Oct
l.it> 22c •' Apr
'
>
/■
Apr:
7.25 Jun
6.15
12,475
/
-
>!'.:•■ 1.76 Jun/-'
1.05 Mar
15%
-37,000
>
'
Nov-/
2.20 Dec
49c
Sep
Sep!'
Jan
Jun
940
1,130
30
28
!)/'
12c
Apr >
2.25 Aug i
\>
5.70
776.500
2.90
1.70
39c
Jan
Jan
17Va
58.200
j>: 23c / 25c
1.40
.
Nov1
Apr !
July
1.140
>/
*
Gold
17%
',
2.35
-
>!z 59c
Jun
24 %
2,745
3.400
67c
1.50
%
31 ■l45/
7.50
;•'
7
Ltd
:
21,600
19c:
/—*>**• '
8.00
8.00
Sons—
—!——•->>; 21%>> 20 21%
Lapa Cadillac v—*—*/*———w——1/, •• 18 %c
16c/- 19c
>
z
18c
!
Oct
140 Dec >
Dec
2134
910
17,300
*
15c
■'
v'/
Dec /
12VaC May
Mars!
14c
-
713.355
&
Lapaska Mines
:
—1
Laura Recorrt Candy————3
13c
60c
"
Lamaque Gold Mines——*.
Lang
>
Jan.
-1,00
-
31,890
54,100
1.30
C
50c-
-3,400
•
,
8.50
24Vi
/:
._*—*****•
■/•'■44c
Jun
> 11%
7,820
*
28
8.00
1.15
-
-
50c
8.20
4f/5ke Fortune Gold Mines**——*—**• / / 16c
Lake of
Jan
28c
14,605'
2.12
1.16
"
1.80
59 %c
Jan
28c
3c
■
3.55 Aug
.¬
'!>
vi*
24% Mar
4
V
!
Jan '
3o
>
55c
.
2.30
2.00
2.03
42c
Lake Dufault Mines Ltd..'**—.—*_*—*)
Dec
Nov
:
Hi*!*-k
32c«
•
/
>
1,
Nov/ V
103
Sep
10c
-
52,460
-
>
Sep
/ 43
Jun
20c
.16,543
2.08
•"
—*.—'——*—1>
35
">56,022 > > 5V*c Jan > iik:.
34d,'
v-
'
16,167
•16,270
2.00
Lake
Kirkland
Aor
! 32 %
Feb-
-
-Sep
% Jan
20% NOV
■19,100
16%
'
;
•
-
Aug
«
;
>1.15 Jan
100
:
v.
-
y..
: •-.;
*1
NOV
1.40
:■'-
Jun
90c
-
29.400
Lingman Lake Gold Mines
—I >1.30 o 1.30
Little Long Lac Gold Mines Ltd
• >/ 2.80 > 2.80
Loblaw Groceterias class A———• >' • 29
>28%
Class "B"
:
:
• v|/:' 28 / ;,27%
Dec
•
1.14
/„!
/ 1.05
J
Jan
'
22
>100
-
€.211'
,13.780
77 44c/*z* ;
Gold Mines—*—l
Dec
Jun
Nov'.>'•
10
Nov
-
Jan
30
r12Q
-
>45c
«—»—;*->«.<—->-1
*i
7c
-.-
620
71c
-
10,800
1,185
32%
"33c
>
26%
16%
> 14
Jan
13% Aug !
-8
55a
35c
1—1
>
€5,800
/
!
——•
> 15%
3,090
154,950
Lexinden
Dec
14
Nov!/
'
1.64
Dec''
24
ill
Dec
17 VsC May
1.09 Apt
18%'Feb
280
43 -44Va
25
27%
/
Nov
26
*
-51c
>
-;^.19% -Apr
19,403
r
m
'103% 103%••
*>
Leitch
Jan
Feb
*.i
■•'!
Dec
'
20
■
■
70c
23
-.
>
Jan
> SOC
126'
T.
•-
43 Va
Mar
Jan
Jan
•
-Jan
30
36,500
/
Mines:
Kirkland
Apr
: v
.785
,
Mar
-34o
•-
:
Oct/:
'■>16% Nov
>><-4.65 Nov
Jan
4.20 Jan
7
'..
Dec
-14%
■
3%c Jan
•
4,165
443,000
Dec
2.65
•
»
27%c Apr
'
*
•
Jan;;
•> 25c
>
95.000
74c
530: ""31,450
"30/ * 35 ; >
•
3iVaf
>
—_50c
Kirkland Hudson
:
Sep
•-;/7
«Nov
14% Feb
>
102,530
82.200
;
2.50
26c
•
Oct
8
-16
>29.800
4.36 -1.65
*/
-
Mining—:_i—1
Mines
ETayrand Mining
'
'
.-16%
V
Apr
96c
Jan
Apr/
> 20c
Nov
65c
V
Dec
> 18
10c
-
-
Dec-1
23c
•
Jan
4.840
•
1.17
-
Mar
2.58
<
-
30,000
29c
•
Nov
Dec -/
14
Apr
Apr
Jan
835
4.40
/
• •
6%
43 %c
479,365
!
16
.
8c
**
A—L—L-_*
Kerr-Addison Gold Mines—*-—
Dec
'-Nov
28%
Gold
J M Consolidated
Dec
25
1,015
2,G05
63c
25%
15s4
Nov '
22o
267.125
IOV2C I4V2C
28c-
•
Jacola Miries—j**«i———_***———I
Joliet
n
-915
-
3.60
23
Dec!
19%
-54%c
*
48,115
52c
11%
Oct
20c
53.000
/
69c
'
46
-
30c
2.80
•
Feb
5%c Jan
27.542
2.60
3.95 ! ; 3.95
.
-
u-i—*—5—k—100 ^
Uranium
Jelllcoe -Mines
Oct
Mar
5%;>'!/^-'625'-/L' 2% Apr
47
*
; 20
35% Apr
> 4.2G4
•
7
Mar
22
38,000
60c
2.90
5.25
68c
-
*
Dec
31%
'
Feb
15%
25%
14
/
9
-
'■■■>,45 >
15-
18
11% May
I
Mountain
■Jason-Mines
•
3.645
$7
."
i
•
32c
2.42
727c
:
—
/*__***_/—**i—1
105.000
-
>
Aor
Jan
••■••
221.800
30c
29c
•
2.48
1
Jack" Walte *_**——*1*>
Nov
-Oct!
Sep!
Dec
102
25
-Ill
15%
-
Apr
15c
3.10
6%
630
14
\4.15
>
,1 85
Dec
Dec
15%
•
25c
30c
International N16kel Co cpmmon—*—•
International .Petroleum*—;
Jacknife
-•
13c
-
Jan
-
'
1.08
i*^—**^**—56o
4% ^-preferred
Dec
2 07
Oct
21
;
——..100
common
s$e
5%
;
25
•
Dominion Woollens
For
B—
Chemical
-
—.—..50
Stores
class
1
4'
international Metals class
-
Dec
14
:
'
:
3c
~
667
13%
.
25c
inspiration Min & Devel*.*—*—*.—*1
31% July
'
Apr
240
Jan
Be
-
•
100
*,
Sep
42% Feb
; :
104 Dec 4
114% Nov! ; ;/120
Oct
70c
Nov-; !
95c
Nov '
30
32% '
1,30
21c
•
3%c Feb
-
1.590
- 565
'
104% 104%
_
!
com_
i—i
Steel
>.
32
31%
———.—,^——.^100
Dominion
/./
14
91%
8'%
9%
!- ._/>23% -23%
i—.—•
common
100
115,350
14
Magnesium ,,——■»
Malting
*
1,510
32
,
Dominion
/
'
15% J\ ■' 450
10% ' ':
45
14
* 10%
.
•
common
31
2G%
25
15
—35
Fabrics
/
30 ,:
.10
25
Preferred
Dominion
94c
'1.15 Jan
30,250
„
10%;
Imperial Bank
i—10 '
26% ! 27
Imperial Oil ——
I
—• '
17% •,
17 17%'
imperial Tobaccd of Canada nrdlnary*5 ; :15%! :• 14%/15%/.
Indian'Red Lake***'—**—,J——J—l •
*68c 65c
80c
Iiiglis (John)—'*
*—*-—*—6 / 710% 10%
,
2.10 Jun :
-
Aug
•
•
10,000
•
117
.
84c
—•
■
Dominion Coal preferred
Dominion Dairies common
!
110,'
117-
-
765
-
1.85
108/ 405%
100
Mines Ltd—
-
.
31
10%
:
—
44% Dec ;
Jan*
1,300
2.25
Denison Nickel Mines.—8c
Dickenson Red Lake Mines__i.._—__1 w 1.70 # 1.G5
.12%c
Feb >
Apr1
15%
8%
16,000
•
.
■
* -28,500
17%c20%c
Dec
Dec
54c
Jan
%
17c
Mining & Smelting—> 42 % !" 39 % 42 %!
Hugh Malartic Mlnes*k>*.,
——1 ?> 26c
26c
30c
Hunts Ltd class A:..i_z**t„—/—•-.———4 r-«.>'>42.'- •* "',39 ••;"42,:
Class B~
• '
42
40V4
42
1.92 Mar1
Feb
60c
-
.
Z—.1!-——L—«* ,47%c"
16
19% 49%.
*_/
93ic
Island
28
'
Apr
22i;4C
1.250
•-/
.
Internatton
9
Jan
Dec
5%
32,600
>>4.09
1
*
Yellowknife
Homer
Nov
-1.60 Mar
.
•14%
-.-,5% Nov
790
23,250
156% Dec
■ -
>•;, 6Ve Aug
1
10c
10%
Homk
83%
Jan
23
52c
Minings—61c
'60c .65c!15,325
oroinor.pershing,Mlnesru.-^,:—
1.
1.60'
1.55
1.67
- 38,650
Crow's Nest Pass CoaL-,A_-^.-i.^.lOO *" - ;
.' ;.43%/! 44. •
235
Crowshore Patricia Gold—
1
:
93c
93c98c '
16,900
Cub*Aircraft ——_t, 2.00
2.00. 2.00 -•
25
;>• 185
.
58c
1
15 %
i—*
lOVic
!**" '■ -24%
Bollinger Consolidated Gold Mines**./#
15%
16% Nov
-1.00-Jun
-
40 V*
5.75
1
—
Highwood Scarcee Oil
Hinde :8s Dauch—
2.09 Jun
-Aug
*
31
8
Jan
Dec
Dec'!
•7- 26% May
890
8c
>>-
—**—*J!—.*1 >'
Heva Cadillac
■=
2.80 Dec
-May
49
9
30
85c
*
1.45 Jan
518
476---142
1.30'. 1.35
-
Jun
6% Mar
1.33 Jan
-'5,859
„
"85% 90*%
" 158- 160
i
35c
42
15%
160
'
7
__
2,900
'• 325
2,300
23,250 '
8%
2.65
345/ 2.25..
I8li,
-—
Delnlte Mines
Mines*—
Hedley Mascot
1.47 Nov
Jan
.
/Dec
Nov
Nov
Jan'
16
■
■
Mar:
23c
Apr
> 23c
Nov
17c
Jan
Jan
.
:
Sep^
Mar
57
*>-,4Va-Apr
-
5.00
1
Headway Red Lake Gold
75c
Apr
" 6.50 Aug
18% Dec
.
43a
-8%
13%
54c
*•
<
:
Heath Gold Mines
1.60 Jun!?
23c
Corrugated Paper Box .common-.,.-9
Imperial MiHs^v.*—L„2
• *'
i
*
Mines.
Hasaga Mines.-J—j
•
*2.42 Feb
/-99c
Cosmos.
;
>—****• >
;—*
Mar
25c
1,175
/
8c
60c
150
•4
5.75
1
*
Mar
200,622
Mining & Smelting
5 "*'89%
Consumers Gas (Toronto 1—
„JL0G ; 1 160
L-->
—
25c
8,325
111
Apr
-4%c
Jun
-/.;;-
46 '/a'
Hudson -Bay
103,800
'
>. 11c
15c
1-
*
—
Aug
.
Dec
10c
90
Dec'
Nov'
J'>'/-675
•>•
20
/
Jan
/
15c
Nov
-48,800
1,000
48c
Mlnes_..^_.^._^.»
V Davis Leather class'A-ii
6%
15%
8
31c
Consolidated
Davies* Petroleum
12%
6%
S. 56c
120
V Cournor
■
"45
3c
>53%: Mar
10.500
•7
-47
>
8
713%
Feb
1.05
2.40
45
45
>:
Mar
1.09
«/- Kj
20%
Nov'"
1
> 41c
•43.060
20b
19
46
4
80c
Conwest Exploration
1
-25C
Hosco Gold Mines*—^^***^*....:**,**.'*-*I >
Howfey Gold Mines—-,
i
—-j ;
31c
?Vw?
i—^-5'
Bakeries
•47c
Oct
2.25
Jan
Dec
-
316
Inter-national Coal •&> Coke————1
Conduits National
Coniagas, Mines
18,200
Mar''
14c
> 28c
•'
1
*
Mines^.
Gold
Nov *
1.00
♦
.
Harricana
656
31c
;
9C 7
61 %c
'>'•> 115
18 7
105
750
4,500
115
Homestead
- •
42c
-
16c
*
_^*_*—*_—
Go'd
Gold
Nov
1.05
•
—
"
1.99 Dec
3.05 Nov'
140 Dec,..
/
Rock
Hard
May
1.58 Jan-
22
L«
Carpet/—!—
Harding
Dec
130
Bridge
Cotton
Harker
Nov
3
.2,015
35o
4.80
17%
Commonwealth; Pete
Ooniaurum.
20
28%c
Sep
30
Nov
''-.yi/;/.
19,612
1.65 '
-
20
4.85 *:
^—^^1
Comsolidated
*> 1.50
Hamilton
Dec
28
Ltd
Hamilton
Jun
Deo
90c
Jan
55%
• '•
Ltd.,
Mines
Mines
-41c
145,065
1.80
1:73
31c
;
1
Mmea--~«.a
Yellowknife Mines_.._..____l
Ltd
1.90
80c
Mines'*< 1.55
Cockshutt Plow Co
Commoit
9%
Hallnor
Dec
14
-
July
9c
2lc
common**
Mines
Gold
49c
2,460
>
,
26c
--
-59,500
110
19
Oct'
95c
54%
1
Halliwell
22% Jun
1
Jun
110
•
'
Dec
-
165
Jan
>65c
"
May'-
1.20
'
1
:
Apr"
Mar
35c
Sep
Jan
•35,050
30c
•
7%c >
*• '
Halcrow Swayze Mines*.
-1.00 Jan
1.99 Jan
12%c Jan
-13,225 10.050;
.33,300
9,3l0 10
-
35c
44c 49%c
-
l'
—•
100
com.*!
Sep
26c
'55%
Gypsum Lime & Alabastine
40
Oct
1J35 Jan
1.80 Jan
5
1^9
Oct
Dec
20
20% Jan
500
Gold
Gunnar
Sep
14% Nov
Jan
29c
30c
Mar
'85c
.4c
*•
2.65
Dec I
3.00
24c 7
98,200
7 38c
Jan'
28c
Apr
>' 19c
Dec
11%
v
2.00 July
9o
Jan
24,900
Oct!'
106
6.50 Mar
3%c
Dec
21%
Feb
-40.400
70c
35c
10%
.Mar :
Jan
/
63c
..Jan
45.
>40,400
749,800
2.45
Dec!
-27c
-
1.18
37C
Dec
109%
102.838
20c '
2.50
105 %
May"
.
101%
■
;
May
102
t
Feb
Nov:
"
32
-
new
75c
1.04
1'
—_*7„*__/_.—.—j*
15%
97
•
.
Nov
9.25
Dec
41%
Dec
65c
33c
;
95 %C
10% Apr
1
1,366
*
Preferred
July
Sep
4.40
•
135.800
68c
Bousquet1!—j*u—^1
Nov:
-50.800
30c
common*—"* i
32
•
21C
66c
/
Feb
5
2.80
9%c
Lakes
Great-West Saddlery
61
-
2.75-
'
'
Oct
Dec
13,578
:20c
Dec
25%
33%
125
> 15clS%c
July
Jan
/; 52c
5-
: 7.90
7.60
Dec
6 >8
.
May
25
/■/•-
49 %c
■V 2
21
>7-/40
63 %c
=
**Mi*-—w****»—
Greening Wire
24
20%
Nov
20
399-
i
Oct
91
May
:
Dec
Nov
> 24%
1,722
10%
1,09
Paper vtc common***** '
Vtc preferred —**********/*
/i,** ;
Oct
110
18c
/
1
•>>•46
:
Apr"
> 3% May
375
407
-66C
1
Grandoro Gold Mines***—**
Great
335
•
16 "
106
•32c
/.*_*/7/uL*:**^—
23%
17%
Jan
275
2.90 "
300
.
-.45c ''
^100 '
—
Citralam.Malartic
Colomac
Graham
Sep
35
Oct
11%
3.00 '
i.80
i
34c
'
-
Sep
16%
560
115% 115%
—1
.
Lakr
Dec
Jun
26% Nov
Jan
48,741
27
2.83
•
,
: 16
Mar
.70® Jan !
10% Oct -
6:980
158
27
Chestervule Lardef Lake Gold Mines-.l
Coin
/.Preferred
5,450'ir-''^^«%.;Feb;!v::''v!'.22% Dec!
503
,.14;312
,
23%- 24%
100
:
—
Gold
■
24% Nov
~
37
Oct
19% May
wr--4.845
.
1.21
158
.
23%
OUarU2w_./^i^-.--L-l
Willans
Mines
15
20C
1 •':
*
Mining
Goodyear> Tire & Rubber
' Dec;
10
10
Sep
27% Apr
.
?. 40
15%- 16%
158
_-_25
Research i
Bar
.
7-,-
Goodfish
■&.''20% Dec
17% Feb
855
•
1,070
■'
Chateau Gal Wines...—■
Circle
48
86
28
Jan
5.068
35
Alcohol'com.19
Centrenjaque Gold Mines,—1
Cochenour
'
Apr
8
33
—•
Central Porcupine Mines^.
Chromium
Jan
Oct
•
3,405
70c
1
Golden Manitou Mines
Goldora
17,150
'
70c
16c
Golden. Gate ./Idining—»«—»*«———»1
182
Dec
' 18% Nov '1
„
'
Jan
26
285
/-////■///..////>///,/
Chemical
•
15% Apr
!■: 23% Aug
815
26%
19%
,
-
Mines***i.j.*—****.——1
Golden Arrow
Nov
19
Jan
-14
22%
,
20
34%''!
common^™* '
'
•
Chartered-Trust
Apr
5%. Jan
;
3,245
/.CewraLPam<hA-<^ld<Miiui^i..J,.g^l-iv^2«84^2.80!
?V
«:
70
•
-23
22
25
•
Carnation Co'pfd
Castle Trethewey
/
710
•
,
39%
;V
--40
/!'•
.23
23%
——U.100
Ckriboo Gold
\
-
-
-
158% Jan
'
20%
:
26%
-;:
..
"
88
; 27
* 26%
I Canadian Wirebound Boxes—:—26 ":' 26
,
;
26%
10
^
.Malartic—•
Preferred
32% Jun
-
r^ll%
'
—100
Canadian Gils
-
,
•
Canadian ^Pacific Ry...>
Canadian-Tire & Rubber
.
85
%
74C
5.10
I-
6
3c
4.90
Nov
6%
5%c Jan
37,272
■">/ 250
.-2.75
—
57
Sep"
12% Dec
36% Obt
•
''
24c
10%
-God's Lake Mines Ltd———i—;
Goldale Mine
"i—*—**/*v
: Oct
50
-••
107% 107%
1
Jun"
•
65
>19%
1
-
; -,/
■
24
Jan
415
119"
110
__i.*
Lake-Porcupine Gold—
Gleriora Gold *1**.
6.50
54
31%
'-■7.65
Dec
Jan
36%
'!/
!•!
Dec
10
Jun
35
:
-
4.30
30
July
32%
-
Mihesli-X--il
July
4% July
3
31%
16'
Sep
35
21c
100.*■
1 *
May
12%
-.27
.i.I,'.'*!*.
1
178/ 180
135
> 17%
20
:
1,705
49 .: -47%/49% >/•• 1,594
r
Gillies
!
Nov
3.10
27% Mar
5%
>;
1.72
Jan
23
25
:.2-%C
>7ici:
Dec
Apr
2,588
35
■
May
1534
•9.785
32
i._——**l
May
Apr
16c
6
common—**-.*_*•
I..-
20
7%
53o
3c
Mfg class A*_—A*_*
•—*^
Gold Eagle Mines
Goldhawk
48%
May
•''
9 %'
.110
100
Goldcrest
37
Dec
9
77.600
-
42 '
8
22c
—100
Oct-
•
6.75
51%
54% •'
42
51
110
common*—;
Nov.
950
21%
Locomotive
Canadian
-
:.
*' '•
'
.
16
135
..L-
Canadian
/
39
-
\
Feb
10
Apr
Apr
May
192,300
10,115
8!
3.05 May
Apr
6.20
54%
Jan
11%
100
5.95
4.90
1
Dec
9
•
85
•
--165
-
!
Sep
40c
10
6.00
-
*
Apr
14
3,200
:
15%
"
7 Class C warrants—
Nov
" •/'"-W-'Aug/
Jari
55,400
r
11
7
30%
class A
Giant Yellowknife Gold
.
2.70 Dec
7 -Nov,
-
•
4.35
54% '
11
8c
2.26
15
Co
' Preferred
Dec
56c
9% Apr
180
-.25
—
Canadian Industrial
63
62 !--"-357- ! 13.!-- - 350 /
38
5-- Get
-
25
19%
•
common
Products
,
:
'
Apr
35
***100-
of Canada
318
' -..'42
58
.12%-
18
20
A
Co
155
■
30
2.45 Nov
2<310
-
145'
>• -42
•
>/>>
<78
15%
26%
61 %•
,
*
common
/ Canadian Dredge
./Canadian Food
J
' 140
16
1.70 Sep
-
—438
'
!
20%c Aug
#
21c
34,600
11
,
General Products-
r;
1;70 Jan
33,200
55,700
11
1
5ftf preferred>—7_J***_w
5Va %■ preferred >—1
w*
-. v
Aug
11% Jun
21,008
9%
-
78
V
*_
•
,? Preferred
cV'i
56c
>
13c
3.35
1.45
•
•(
rFeb
24
Mining*..
Common
—
Celanese
•
.
2.80 ;
: 14%
15
10
Breweries common.
Fdry
13% Dec
-
Dec
%C
1.35
*100
Frobisher Exploration
i!: iffi/t-*
""
1
I
'
15
2.50
; 140
'
•„
commonu.ii.^^.u«
.—
Jan
17% Jan
.
»
39c
1.20
common**
Gatlrieaii- Power
'
15% Jan
• I :
Bank' Commerce -
&
10%
Vv
100; Apr
30
•
♦
'
Class B
New preferred
-820--
-
->- -590
Dec
30
Francoeur • Gold
Dec
Oct
; *—•—.—*—
J—,——.*> :
Canada Permanent Mortgage.^...100
CgpflaL Steamship common......—• >
C05,T Pr*ferr®d
«
36o
1.19
* :
Aircraft
Foundation
Dec
Jan
•^Class. B
Canadian Car
60c
24
•-
144,550
11.
1
1
*
;_*/
General Steel Wares
Canada Malting———•'
.
-
.
Nov
7.
*
snops
common**.
Kirkland
Fleury-BisseU
Preferred
6.70 Dec
05c May-
10
Canada' Northern -.power—U—^*'
12%;
Canada Packers class A..—k—*—• « '
,/
Jan >
-40c
Fleet
Ford
27
■
Canners
'
55c
15
1.35
•
Canay
Grain
Federal
2.45 Sep
529
•
preferred
V
69c
-1.25
■'
7 \ Preferred
Dec
Nov
28%
136
;:->>>/>• ./IS/ 18-"—^' 27
r 2.45
'« 2.30
2.51'
20,000
Canada.Foundry class vA——J Class 3
/ Canadian
-
Dec
3.85
*
Federal
Dec:
5
Jan
-
28
/ULosszB.*>*/
'nimdiau
15
-
Sep
? Dec
73 %C Jan'
-78c
Feb'
5.05'May
37,500
26
<
32,700
-
-
95c
•
>•'• 2,030 - 10% Jan
>>>6*500 >>-3 %c Jan
7c
24
-
...
Canada Cement -common—♦
Preferred —:—,———:—*—100 <
Canadian
* 42c '
14%
24
-59c
:
-
40c
5312
15%
u •
Falconbridge Nickel
Famous Players
30
Sep!"
33c
•
7,115
28%
14l/jj
*
/ v/
MA
Nov
38
■
*
Class B ^
Dec
14
' 29
Apr
40,400
!■
Dec
28
—
20% Sep
■'■' I 2% Sep"
6,600
7.25
43c
♦
Calmont Oils
Canadian Bakeries
-1.44
38c
Campbell
_Red^Lake——'.
—2.55'
Canada Bread Common******,..1.*
* ,,
45^4 '
1st
Feb
Sep
2.40
"!/!
)
Nov
13%
4.10
.•
Gold Mines_„_
2.50 Mar
Jan
12
53%
*
Gold■■/.., :.y;,>:;
Jan
22c
53c
12 %C
3.00
—
;
98c
12,900
2.95
7
.....1
■
44c
High
386,600
40C
1
English Electric class A
67c
19
,
Feb
8V4
25
20,900
1.25
'
714%-'
^■2nd'preferred';^...^i.^^^i^w*-
Camtcfa'Wire class A
147
/-
♦
6.35
-
43c
:
,CagarjrE Edmonton
.
Jan
» 23% Aug
1,900
70cl
28%
' 25%
>;.1,
6c
•
•
classr-
Caldwell.Linen Mills 1st pfd*>—„
^
1,480
'
I 38c
**• '
i.—■
66c
6.90
<>
Hill.—,• -;
Burlington Steel——I**-——*—*•'
>>
Jan
22 %
,
'1.25
-
•
Bunker
Co
"41
-
67c
Building Products——*.**——• !
'
Eldona
40c
'
Low
!
.
* •:
Easy Washing Machine
Elder
-
29 -29% '
1,442
>>4%->>>4%
5 !>= 1,625
•:•> 48c
'
43c
48c
134,100
•
Gold Mines..
!
Buifalo Ankerite Gold Mines
Buffalo Canadian Gold Muiesi.
Burns
••••*_ >/ 40%
_1
buft'adison
Buffalo Red Lake Mines.;
27%
•
'29%
•
_*_;
British Dominion
Broulan Porcupine
•
Mar
Jun
Dec
;j
Eastern .Theatres-
Dec
83b
Oil
1.46
50c
>
;i
•/
1.85
1.40
4.40
1
1>\<.
•••
East Sullivan Minea...:
Eastern Steel
:
67c
Dec
14%
22,434
/
Dec
32c
Crest
50c
10
28
Nov
Jan
>:•>
Range for Year 1945
High
1.50
1
:
East Malartic Alines
Nov
34% Dec
;
30c
2,250
12%
East
15%cJan
/
24,700
12%
//British Cohimbia Power class A——*>•
■
Jan
Low
■''!•!!'! .!!4■!!!"'•/•:
;'East Amphi —*-.7/^.'.*x. LJi
Jun
May
55c
Shares
1
r
Farmer
American
tonush
#
38c
Duvay
for Week
of Prices
,
Mining Co
Gold Alines.*——
27c
/•
4,000
16 V*
28%
5
British
/
•
Dec
55
Jan
■■
■
>:'/• •
.
Duquesue
/ 14%
-'12 Va
Jan
'
12c
23,463
.
18 Va
17%
16%
•
Light & Pwr com—*
Distillers
35c
-.77 18
•
*_•
:
47c
27c 28 %c
38c
/
•
7%
26
73,700
?
;■
■
r...
.Donalda Mines i
Dec
1.46
'/
Mar
50
/
?;>/■400/1 >
26c/
43c"
28 %c
•
36'
23 %c
>460
1
*
Mines.
Brazilian Traction
25c
58
36
l
Pershing Gold Mines*—
brantford
58
/>10
70
>/
;
Mines
1.62
37
*
/
Oct
Jan
Aug
•'
>
Dec
15
18
7
v
{;>
l.i-.'
Range
Sale Price
^'!STOCKS— /!
185
9.50 Mar
"
165
•
13
-
High.
/:
Jan
90c
;> V,130
16
Preferred
.*—*****_*_
***>50
Blue .Top. class -B**_*^^_*__i:_****.**'-';
Bobjo
:,./
7,800
36
70c
_-/***—**_*_>_*_**—*
Ribbon commoiVi_'_*__**___«__/'>
>
1.45
2,485
•
■
LOW
161
78c
•:
Bidgood KirKlano
.
36
;•>/.
731
/'
15:".
14%
Mines- *'**-*-»-*•*—**»«*.1^;
Sohs._>_*—.—
*_5
<fc
Bevcourt! Gold.
190
14%
Berens River
.•
Hlah
182
/! ;
188
Salea
Last
Range for Year 1945
•
Bell Telephone
Week's
Friday
Shares
35.150
7.SCO
.
/
Mar /
p.9c
Jun
30c
Dec
1.55
48c
1.86
3.00
Nov
Oct
Apr
Nov
Jun
Nov:.
Dec
30
Nov
28%
Nov
2.09 Mar
aoc
Jun
:
THE COMMERCIAL &
CANADIAN
FINANCIAL CHRONICLE
LISTED MARKETS
RANGE FOR WEEK
Last
■:> ■
STOCKS-
Mines
Macassa
Mines
MacDonald
V
Jan
5.25
3.15
Dec
V // 4.30 Dec
1
Mines
3.50
99,240
2.25
Jan
;
Mapie Leaf Milling Co
Gold—
Maralgo
Marlon
5
10
Feb
Z
3,696
12
Jan
-
38c
1 'i
1
*/.
*,c
—-—
.
Lake Gold
Gold Mines
Red
McMarmac
McWatters
Knitting
Mosher
National
106
13c
75
76y2
1.60
1.75
7c!
/
280
Mar
Dec
27.
27
50
7%c
9c
11 %e
ioy2c
Jan
41/2
19%
40c
2,200
1.48
22,900
1.08
1.55
?
14
•
/
>
24,250
12%
1.99
33c
17c
Jan
Preferred
55
20
Mar
39
5
103
Feb
108
68
84c
24%
75
Feb
Jan
;■
19,250
6,350
74
7.
53c
/////:* 5/
68
.
780
23'A
37c
40c
46
Nov
Dec
Surf
v
17
W2
655
12
r
21%
23% /
7%
,
8/
:
-
85c
—;——lt
.291/2
315
28
July.
50»
31
50
34
67
Apr
80
Dec
72
Mar
80
Dec
3.90/
130,890
8
8
140
1.50
Normetal
r
55
98 '
Dec
98
Dec
42c
13,000
20c
Feb
40c
Dec
17c
27,800
4%c Jan
15c
May
3.00
3.25
50c
48c
>
1
/
J .26
9,10<F
Jan
1.85
75c
3.65
5.05
48c
247,039
70c
64C
70c
3.50
7,561
50c
20.900
•
21%
21%
22
375
2.0U
2.35
900
90c
33c
Nov
NOV
65c
Dec
Dec
64c
711/4
9,380
50
Feb
1.00
1.05
Sep
35c
6,530
5,200
84c
32c
7c
Jan
12c
13c
4,600
6V2C
Jan
20c
1.12
1,10
1.20
46,546
64c
Feb
29>/2C
25C
33C
238,000
22c
Dec
Mines
•??&
Mines—.-—-——--1,>.
16c ;-18c
17C
1.15
71,100
1.15
1.20
8,100
2.10
•
«
2.15
600
—_—
1.65 May
Dec.
Apr.
•
com
5
.:
6i/s
200
6»/a
3.35
Preferred
1.14
Dec
,
Mines
3.60
Class
Oils
Ok alt a
Apr
1.63 Mar
United Oils
United
Nov
8
0
Ontario
Loan
&
Crush
Preferred
Orenada
Ottawa
——.
—
1 /
_1* /
50'
Deb
Mines—
1
——
•
40c
99,114
68C
Apr:
30C,
NOV
30c
206,275
113% 113%
%
'?;/ 21 4 •
4
21
17
14 Ya
14 y2
22
590
.
17
Oils
Sep
"Oct,
1.20
Pacific
Page
Petroleum
Hersey
Pamour
1.11
29%
wlite-Amulet
35c
41c
„„
Malartic
Partanen
28.660
42c
26%
29
1.300
42
63,660
13c
,•
9%
10%
2.75
14
15%
64c
Nov
8c
lie
69,100
83c
114,710
38c
36,900
76C
30C
Gold
Picadilly
Gold
Gold
River
Power
15C
73c
86C
40c
40C
'"j'.'4;/'
--/
——
Worts
&
123.%
com.
55c
60,100
27
29%
605
148
57
•V
53c
70c
15 Va
,
Toronto Stock
>15% Nov
/
9,100
2oy2c
70c
,
ii y2
52
175
;
Regcourt Gold Mines
Reno Gold
-
L)
£
—
/
class A
(P
1.85
90c
1.00
1.05
1.14'
-
29c
Royal; Bank
/ 30c
Feb
32c
Dec
1.625
35c
10,600
16c
3,250
.
*
58c
r
85c
;
;
..
.
..
Paf
Andlan National
;■///■
45%
:/:/./■ .65 '
30
50
48
18c
27,065
33c
35
;/ 34
10
150
55C
60c
80c
90c
,
1
.
7.500
Russell Industries
Ryanor Mining
:
Preferred
Canada Vinegars
47
Nov
Canadian
Oct
Canadian
36%c
Jan/.'
Dec
22
23
2,085
15
1,255
18
Oct..
49
49
1,795
20c
25c
10,200
66c
20 y4
Dec
22% Mar 7
*
45
28% F#b
23c
Nov/;
71.25 NOV;
:
Jan
25
/
8%
9
34%
34%
35%
/':.; 270
San Antonio Gold Mines Ltd—.1
5.60
5.50
5.80
5,224
11,700
Scythes Ltd
1
*
common
10c
15%
10c
35
;
14c
15%
15%
125
1.37
1.54
99.600
23
1,356
Senator Rouyn. Ltd—
1
Shawinigan
Shawkey
•
22%
22%
1
55c
53c
65c
Sheep
-
Creek
Brewery
Voting
Sigma
66,800
Mines
1.94
1.80
2.00
1
2.82
2.08
3.20
514,550
•
42
42
43
315
42
Gold
common
38%
15%
trust
Sllknit Ltd
For
50c
*
1
Pherrltt-Gordon
Sicks'
1.40
common
footnotes
see
—
page
349.
>
/
105
/"/I 935
9,500
2%
7
/
Dec
•
45
Nov
Nov
Dec
25'
Apr
5.60 NOV
Jan
Dec
65c
May
3%c Jan
37c
NOV
32c
$3,900
Jan
4.05 Jan
5 VaC
Aug
liya
•
Coast
Western
1.66
Jan
/
Jan
Aircraft
Dominion
Bridge
Nov.;
Dec
Nov
Oct
Textiles
Hayes Steel
——
'—
common
International
1.75
Oct/
Ontario
Sep
July
4
Apr
80%
37
Dec
16% May
13
Dec
V
Nov 7
17
2,700
85c
'
7,770
8
;
50
11
Nov
3.10 Nov
59
50% May/
-
2.00
Mar
Dec
Dec
717
Jan'
Dec
22
Dec
-
July
.
60c
8%
42%
45
37,750/
81c
7 8%
;
801
'/""70
1.90
2.15
5,231
29
36
1,225
-
52
•"1,540
Pend
"
:
Oreille
Southmount Investors
-Temiskamlng
Mining.
-
79
,
—
."'j- 95' '
Nov 7
1.'28 Jan
15%
"! 22
101
Feb
Jan
Mar
133
60
20%
10,290
11% July
'200
Vl 1.99 Dec
•7 25%
:
-
54
%
22%
*
1
5%c
6%c
3.000
1.40
1.55
34,800
3.35
*
4.00
35,055
28c.
28C
100
20c
25c
32,700
3%c
Feb
24c
Feb
1.30
Jan
/
Dec /
Dec
128%
Dec'.
19
Dec
-jv-/; j/^.
723
1
/
Dec >
July
T9%
1
'
Selections
Jun
/25
43%
V 130
—-100
Ogilvie Flour pfd—
Dec
Feb
29
""
93%" 93%
.:M9
:
42c
Jan
28c
2% Mar
50
>
5
Paper
Osisko Lake
29
>80
"
Dec
Oil
12
24%
Dec
if- 6%
Jan 7
1.80 Aug
100
7
17%
24 %
Jan
2
5,600
59
2.60
21
'
1,400
fi
3.60
16%
11
Dec
26% July
Dec
100
—/
&
Dec
115
3.10
358
80
Jan
9% Mar
150
'
1•
—15
Paper common
.Preferred
Minnesota
Dec
1,455
16%
I/I 7/7 Deb:
2.25 July
24
Sep
63
May7
45 V4
258
*
-
2.25
1,200
.ioo
27%
/ 4%
•'—*
——•*
-*
*
Dalhousie
38
16
27
26% Dec
8% Jan;
"34
■v
Sep
42
106
23%
22%
/
t< 2,904
3.00
Foothills Oil & Gas..——
66c
7%
89
'
16
Press class A--——-*
Sarid preferred—V---100
Consolidated
Consolidated
Sep
15
24% Apr
32% Deo
,
50
245
4%
*
—-——5
—•
Dominion
22
660
23
1
Consolidated Paper
29%
15
High
,
18
Sep
22% Jan.
105
1,799
64%
1
63
———
Nov
1.64
•
23
Lumber.
Copper—
65c
15
/'
'IV:.. 20;:77'2t:
7%
——
Westinghouse
Nov
15
Feb
Dec
Low
.
23
'
Nov 7
18c
Jan
53c
22%
1945
Range for Veer
Shares
HHih
-*
6.95
12% May
16%
jJovi
,
fer Week
Rang*
of Prices
Sugar——--*
40
7
/
Jan
31c
\
Sales
Week's
7
7
»88
Nov
41c
105%
Nov
18% May '
Last
100
——
Marconi
Canadian
Apr:;
66C
23%
/'/ 45
104% 104%
41%
com—*
1
——
Canada & Dominion
'
28c
7 85c
A——'--*——.
*
Bank Note_Z——_—i—*
Brucjc Silk: —:
7
23%
8%
River Gold
3.30
■
.July
Nov
Amer
Columbia Pulp & Paper
Brown Co common—1—
/
22%
100
•
—50
Sand
16
910
33% I./ 35
class
British
deHavilland
Saguenay Power preferred
St Lawrence Corp common
Class A preferred
;
175
.
Julv
48c
112
>
Exchange-Carl SeeSios
—
—
British
Jun
47
Mar
iff
-
,
?
Jun
/ 77:35
/
20c
common
70c
70c
Jan
Feb
Beath
y
Feb
Nov
25c
30,300
,
Dec
U%c Jan
3,500
.
1,39
19"% Dec
10
-
—
Friday
Dee
90c
*
>
•
—
Royalite Oil
' .7 5.15
5.30
Sale Price
STOCKS—
'
.4%o;'Ja»ZVi; >/10c"May
/
34%
29c
16%C
Co
38,815
75c
48
1
1
R ox an a Oils
V
44
Roche Long Lac
Rouyn Merger Gold Mi?)**
>
Jan
'
Rochette
Mines_
Dec
July
32C
—•
Gold
62c
60q
34%
•
,
Preferred
24%
Jun
100
1.80 Dec
18
'
23
11 %c
34c
*
Jap
18.885
126,800
,
'
18%
l
24
17% Dec
95
Canadian Funds
Jan
52
45c
23,900
75 (j
l
—
Riverside Silk
Robertson
•
1.70
1
20
t":
■
13% Nov
987
93c
,
:
M.
,
Sep
40c
3,000
1.11
Reeves-Macdonald
1
3.50 Dec
—
20
117
45
Dec
500
;
117
-
6%;
2.72 Dec
18% Dec
!
Manitou
16,750
Dec
21,670
Mines
Queenston Gold Mines—.
40c
Sep
1,425
Quemont Mining
35c
61: Apr
68% Jan
30c
Dec
{Bonds-^
Uchi
Asbestos Corp
Quebec
''
96
8,919
2.00 May
1.65 May
9,158
1.74
98
Apr
Sep
30 Va
965
Mining Co
.40
17%
95
'
Oct
Dec
41C
.
'
/Z
16%
vpf? /.^
Sep
1.01: Apr
Metals—
—
,;//'25c«
Jan
80
2,500
Z 4.50 Dec
,
11,800
-Quebec Gold
106
72.500
'■
7.50 NOV
Feb
28c
92,700
1.860
Corporation
Preferred
Wright Hargreaves Mines
/ 29
99
:
Dec
Jan
55
.29%
Feb
154
1,385
28
1.63
26%
/
15% May
Jan
18
42c
8,400
.10
—
1.77 Mar
Dec
40C
104% 104%
100
;-——5
•
pfd——
Combing
1.20
1.75 Apr
24,050
-i
Alexander
22% July
Jan
128
Mines——————1
Gold
Oct/
21
146%
:
Dec
117
*
897
30.550
:
Dec
5.10 Apr
Mar.:;
69
2,360
7
1.67
37c
6.700
Purity Flour Mills common
3.40 Aug
22%
•rr;/
Apr
1.05 May
28c
43c
————•
*
—
common
32c
Jan
1.55
———
Grocers
16% Maf
Sep
13.361
129
.
11%
ll%c Aug
17c
32c
7,129
-
Proprietary Mines
Prospectors Airways
Purdy Mica Mines
8% Dec
2.89 Dec
22%
Gold Mines.
July
Apr
Sen
40c
13,266
.
1,965
Dome
14c
July
3%
60c
Ymlr Yankee Girl-
6.50
,
Gold
trust certificates
Preston. East
6«/4 Dec
48,550
1,200
5.00
4.80;
Mines, Ltd—
:
Yellorex Mines—/..
4.70
6.20
Co.
Premier Gold
Pressed
46% Mar
8c
7,672
13c
750
Dec
Dec
1.80 Sep
!
36,900
13c
Oct
5,724
Rouyn
Voting
/,24%
3% Oct
40%
9,228
Oct
1.58
Porcupine Reef Gold Mines
Powell
8Va
110
4.50
Porcupine Peninsular
Powell
59c
8%
38c 401/2 c
Mines
Mines
Pioneer Gold Mines of B C
.
88c
Wool
*
May
July
1.50
Porcupine
Pickle-Crow
16c
8
Mines
:
Apr
27c
Securities.
*
16% May
15,678
2.90
,
Ltd common
—
*
preferred '———100
Wiltsey-Coghlan Mines
-l
Winnipeg Electric common
*
Preferred —————100
Wood
5,500
Mines
30% Dec
26,350
9%
6
4%%
Winora
50 or>n
Pen-Ray Gold
70c Sep
Jan
196
—
Malartic
Oct
30c
Peoples
Perron
48c
25c
Paymaster Cons Mines LtdCredit
NOV
22c
Malartic
May
May
27%
875
7%
13c 14 %c
41
/
■
11% Dec
8
140
Preferred
•
Oct
2.46
£
26c
Gold
Dec
36c
4,770
7
Z,/;.
Walker-Gooderham
Western
Feb
3iy2
1.295
2.75
Nov
■
3.15 Feb
1.30 Dec
25,900
14%
Oils
Vicour Mines—
Westeel Products
1.40 July
175:860
311/2
2.40
2.40
18c
215.225
1.60
311/4
-
Ltd
Paramaque Mines
Parbec
15c
1.40
(new)
Porcupine Mines
Pandora Cadillac
lie
17
7
33,400
7
12
2.80
West
Jun
8Va July
,200
'
Apr
20%
42c
Upper Canada Mines Ltd——.—1
Wasa Lake
Nov
'
141/aC
30
30
30%
Westons
Pacalta
Nov
Apr
Feb
27%
41%
k—
Viflcan Oils —
15% Nov
75
15,100
50c
/;//:
Oct
112
,
25
16
——
_
Gold
Car
31,300
28c / 35c
Apr
17
38c
;
Steel
Vermilata
Dec
69c /Dec*
■
33,550
•25C
common—J_
common
*•/«:* 16%
—*>//':'
Ontario Steel
Orange
4.00
33c
34C
Dec
^8c
6% Nov
5% Jan
67C f 90C
—
O'Leary Malartic Mines.
Omega Gold Mines
Omnitrans Exploration
1.45
Dec
110
Oct
17
30%
——————-——-25/ .■"/;
B_,
2.60 Apr
72,150
•
12%
Dec
24(5
50
;/// 18
11%
39c
United Fuel class "A"——-—50:
'
Gold
O'Brien
Feb
Nov
150
•
30%
11%
::
u——*
—;
■
35c .May
26c
Jan
5
1,550
8%
8
18
1.35
-
—
1.37
'
Nov
54%
146
Jan
100
19,500
30
'
Apr
40%
■
July
Mar
12
2,405
39C / /
30
Ventures, Ltd.
"North Star Oil
12»/8
30
1
-A———-—-----*
Union Mining
United Corp class
Class B_-
Sep
2
.
7110-
110
28
Union Gas CO—•':
,
Nov.
1.05
3.05
150
_*
Transcontinental Resources
Dec
11%
33 %C
36c
h
52
111
Jan
25% May
S,
63 Va' Dec
12V2C Jan
v
B
150
11%
25
73
:
———•
A—__—__—
Finance
-Class
150
11 Va
/
'
--—-—100
1
;/>/ Class A: rights.—
Nov
4.25
:
Traders
46c
1
•
Northland Mines
Empire
Apr,
30c
Jan
Preferred class A_——/—
Mortgage
Towagmac Exploration
May/
68%
Ltd
Corp
Canada
12 ya
27c
1
1
Mines—
Northern
50
.
Toronto
Feb
30c
—•
-Northern
11%
13.461
•
—
Mining
150
——*
common
5.70 Oct,
88c
Mar
Jan'
28% Feb
470
38
53%
Dec
23
Jan
■"
General Trust————100
57,600 1
Dec
38
53%
38
Iron
28C
2.35
• '
—50
Elevators—,
Toronto
95C
21c
Apr
Nov
3.70 Qct
Sep
10
2.00
Tbronto
51C
4,200
4.05
69c
,
16% Apr
490
5.30 '
1
—
./Preferred-
25C
39,200
Dec
2.50 Jan
5.332
23 y4
5.05
•
(G)
Toronto
48c
25C
.
1.50 Jam
40,306
72c
3.45
1
247/b Nov
17% Mar
1,785
13,650
-4.10
Mines
Norseman
27
1.56
26 % /
■
22c
Aug
10
7
100
14c
Oct
Feb
Dec
3.35 :Jun
2.00 Oct
10
Aug-
:
49%
i
98
Nov/
Feb
22%
Dec
110
,
Jan
Sep
1.07
Nov
250
•*
Tip Top Tailors——— —v—•
Jan
22c
Oil
Norgold
10 %c
155
Oct
7%
40c
Thompson-Lund Mark Gold MJjes
17% Deo
3.80
Malartic Mines—
Nordon
1,000
Dec
*
'
Teck-Hughes Gold Mines
75C
Noranda Mines
Norbenite
c
31%
141/2C 141/2
Dec
•19%
May
6% Nov
70c
Dec
•
7%
:/
14
670
8,100
82
60
3.60
22
Nov
30
4
14
100%
•
Feb
82/
79%
Gold
3%
1,346/
-
-89c
§0
>
—25
23
Deo
40 y4 Aug
Feb
29
1.10 Dec
r
.
Nov
common—^——"
Tamiblyn
39c
,
Feb
1.84
Apr
99
—
Toburn Gold
;
-
Mar
Feb'
Apr
71
20
7
50
10,560
Sylvanite Gold |Jlneg—
Dec
1,10
1,495
101
ZL———L.*
—
Consol
Inlet
24%
20,400
46
Va
// 60
879
•
,—1/v
Nipissing Mines
Nov
30c
Dec
80c
177,649
9%
Sturgeon River Gold
1
Sudbury Contact————*.—!
Sullivan Cons Mines
1
'
Mines
Nicholson
.
Dec
Aug
29
;?■;
'
1.15 Deo V
100
Sterling: Coal
---100;
Sterling: Trust-—-——-—*\
;
Dec
Jun
25c
•
38
1
1
Yellowknife
Feb
8%
Steep Rock Iron; Mines—u—— *
Apr
9.90
Jan
13%
Steel Co of Canadft common^—
May
18% Nov
*
Dec
107 % 107 y2
Calumet Mines.
New
Nib
;
10c
Jun
15c
•
————•
Brothers--————.*
Stedman
Sep
39c
,
».—•
common—
Starratt Olson Co,
Sep
44c
Jan
13c
18,500
17,624
1,500
Standard Radio:
1.85 May
Z 10
■
Jan
25c 25y2c
—
—
26
Jan
15
——-100
1
Paving
Preferred
„
,
May
Dec
Jan
22%c
12C
Preferred
Negus Mines
New
Bidlamaque
Jan
:
3c
16,500
" 8001
19
—
—
Preferred
Standard
Sep
19c
Jan
'
Standard Chemical common..!
109
May
1.35 Mar
480
16c
Nov
Dec
16c
181/2
•
common
Feb
64c
400,
-
32c
'/
Dec
1.12
•
•
23
*
Grocers
Dec
64c
'43c
1.28
Stadacona Mines
30%
'
18
20
National Petroleum -------—.——25o
National Sewer class A
—
•
National Steel Car
• /
■
Nov
81,760
Sturgeon
springer
July
591/b
7,000
•
National
24%
102%
85,585
1.10
Dec
Jan
Apr
63c
•.
Dec
20
262,166/
30c:
27c
*
common
27%
Dec
161/2
Oct
13,875
8c
14 %C
18 %
——t:*i
Long Lac
Breweries
,
1.40
1.10
'/Nov.
14 / Nov
10%
508
54C
—•
—„——
//;
99
2.706
1.20
-•
Petroleum
Nov
Oct
8c
1,280
a
•
Sep
Southwest
25 4 L
High,
,
V 14
■
.
Feb'
15%
615
61c
Petroleum
Co
Southam
Jan
105
13,500
—•
common
End
Apr
*
Mar
8%
//;:•/> 375
■
50C
40c
43c,
38
common
ttoutn
c
24
—————20
Gold——1
15%
8V4 Mar
3,535
19%
12c
—-100
100
Light Heat & Power
Corp
18
105
common—
Porcupine
Moore
18
*
■
Container
Moneta
22
300
1.60
:
•/
Preferred
Monarch
3,785
20
15c
Model Oils
Montreal
30 Va
'.75''
Gas
&
Mining Corp
Modern
30
105
*
*
Mercury Mills
Mid-Continental Oil
American
29
:•
1.22
28c
Dec
4,880
13c
—*/
Mines—.———8
Lake Mines
Red
McKenzie
24c
95,650
;'i8%
if
McDougall Segur
Mclntyre Porcupine
South
/
May
May
9
30.
102% 105 %
105%
.1
Mines.
——
Low
9 '
170
~
,
28
24-8
51c
Sep
34c
18 y2
Oil
27c
15 y2
30%
Preferred
58,100
15 %
■
McColl Frontenac
McLellan
25'/a c
15%
-
Co
(N)
1.39
July
40c
38c
31c
common
(L)
77c
347,600
2.20
Slater
151/2
■;/Z 29
.11
:
■
11
Gold
Massey-warris
Preferred
1.50
1.63
Jan
8c
22,000
13'/2C 15%C
Martin-McNeely Mines-
McBrine
/
15
Feb
12% July
16 y4 Feu
.Jan
—J
Rouyn
16 y4
12
Bladen
/
'
.100
Malartic
Apr
13% ;•
11
Siscoe Gold Mines.
9c
Range for Year 1945
,
,
'
;
new
Shares
High
13 Va
'
4/ Preferred new
4.15 May
55
11%
J
B
.
Low
/
p"
preferred
Sales
for Week
Range/
of Prices
common——•
new
Simpsons Ltd A new
Dec
Dec
90c
/'
21,100
J
Gold
Marcus
•Z
50
•
common
---
.*
/ !,.Vr 5.00 Dec
Dec
5%0
Maple Leaf Gardens common——
Preferred
—-——-•——10
3.75
X
3.25 Jan'
2c/Jan
42,450
3.50
Jan
73c
20,330/
71c
Manitoba & Eastern
.
2.17
15,800
4.45
Mines———1
Magnet Consolidated Gold
1
Malartic Gold Fields
1
Red Lake Gold
Madsen
<■
3.85
90,045
Dairies
Silverwoods
NOV
'6,615
r 6.35
—
.vtacLeou-cocKsnutt G'jid
/IS4/
High
LOW
4.75
—— *——-
Week's
Last
Sale Price
STOCKS--
*945
Range for Yea,
Shares
Utah
Low
'
Friday
Range :Z fer Week
of Prices
Sale Price
ENDING JANUARY 18
Sales
Week's
Friday
r
Monday, January 21, 1946
9%c
Feb
1.90
Dec
3.10
Nov
yolume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4457
CANADIAN LISTED MARKETS
RANGE FOR WEEK ENDING JANUARY 18
Week's
Friday
Montreal Stock Exchange
Funds
Canadian
Last
STOCKS—
Low
-preferred''!."—-:^,—i.i-------100
cooiu———~*
Agnew-Surpass; SJo^-eemmpn-----—*
10434
r:
■
5%"
103
Acme. Glove Works Ltd,
Preferred
Algoma'"Steet"cbmmbn-__-_---Aluminum
Co.
-Warrants
146
146 %
148
106
18
'
•
I,
lOVi
is
9%
■'M
-
:
94%
28
Jan
Bell
10O
Telephone
Bralorne
21
81 Power.—.
British Amer «Bank Note Co..—!—«
British Columbia
Pr Corp
182 V2 188
187%
A——
——
»
29
4% /; •: 1,100
4 3/4
28%
Building Products class, Al--—.
Bulolo Gold Dredging.
5
•
20%
25
20%
,
17./::;'Jan:;-.
Zf'/ZCS
••
Cement
Canada
common
;V
15
-
15%
2,020
27
12%
20%
49%
26
..*
common
815
26
24%
26V2
Bronze
47
19%
20%
33%
34%
Canadian Celanese common
62
60
62
,10,330
S
1,276
-fAir:/
41
400
22
22
5
Z..Preferred-
C'* "Rights1
'
20
*
!i!k»*!^--—!—!!.!—.100'.
!-—■»!*—-a*.!—!—Converters class A__
20
Canadian
••'
Class B
35
-•
/
Class B
4!~—
4
Canadian Locomotive
Canadian Pacific
Cockshutt Plow
Consolidated
/
65
35
35 %
48
48
48
*
1834
18 34
;/16:c
16
lt%
38
38
383/4
——
945
!
4,654
23% <24%;
17%
17%
18%
Dec
87
42%
49"
903/4
43
:.
8,073
950
5
•
49
16,729
.
49
I
32 %
If
Leathefr Co Ltd class A—1—
Davis?
30%
Dominion Bridge ——
Dominion Coal preferred
22
Apr
15%
z
179
180
in
179
172- /
¥■
Dominion Steel & Coal class B_
—25
Dominion Stores Ltd..
——-!!!!!* »■
143/4
14%
15%
21%
213%
21%
Dominion Tar As Chemical common—*
25
'
:
.92%
*
92
:
112
/
92%
70 ;
72
:
.
<
Preferred
—100 ':
—————ww-
Dryden Paper
|
.;
.
14%
Corporation
English Electric class A.
■?m
5
161%. Feb
19%
23
Famous Players^ Canadian; CprpI*——f
Co of Canada....——*
23
530
25
111
^/:-50/::
41
Scotia
Nova
20%
Power common—•
Gatineau
5%
preferred
5%% preferred
153/4
16%
106
General Steel Wares common—
107
110
100
—100
-
97
.
Gurd
(Charles)
/
50
J——•
common..
15%
r.^A:/"'
15%
10%
*
10
.100
Howard Smith Paper common
Preferred
1
/ «T95 •:
/' 125;/
10%
32
100
42
/ 112%
40
112%
32%
112
32
•
42
17% :/M7'/
;/ 14%
-
common JS
173/4
153/4
15%
73%
•
Acceptance Corp»com._
•
•
International Bronze common^——*
Preferred .-..—«—__25
125
19%
:
;
43%
50
.—15
...100
49
.
52
109%
Dec
/
21% Oct
/
55%
'fr
■,
26%
International Power common.!—.!.*
?
:
Preferred————100.
International Utilities Corp..
—15
Jamaica Public Serv Ltd com.-——I.*
26
6%
7%
Columbia
—
43%
:
ci
Labatt
(John)
—
!—!..!.——*
-
Milling common...*
Lang. & Sons Ltd John A.——.
—•
Laura
Secord
27%
26%
31%
31%
20
—...3
21
20
Jan
Jan
,
.
Nov
/
57
9
f
260
16
15% Feb"
<'
.
Z?
Massey-Harria »:
McColl-Frontenac Oil
—
7%
5
7%
.*
—
15%
Z/Z15
15%
•
18%
(Robert)
!i———!•
Molson's Breweries..!-.—^-.—;
•
18.
Mitchell
Montreal Light Heat & Power Cons—*.
30%
'28%
30 /'
23%
/■:. 23%
48%
/-
,
;
Montreal Loan & Mortgage
—25
Montreal! Telegraph .....•40
Montreal Tramways .—!—•——.—100
Murphy Paint. Co common———*
Preferred
National • Breweries common../——•
Preferred
.
.20% Oct
Jun
20
Wire Weaving..—!.——..—*
Npranda Rfines Ltd.—
_•
v
•
100
Preferred
For
footnotes see
page
/ 110
7
13%
13%
340
,-
3,886
>
!
8
30%
1,270
9,432
40
64 ?Z
64
33-
31
31
■:£?
•;/!
46%
25
69
51.
:
1,975
26%
27 >
■
.
Mar
63
Feb
May
May
:
60
109-
109
;
109
109?
27%
,
26
27
13%
-
32%
175
:
31%
175
32%
176
1,457
/
50
-
:
;
Jun
Z
;/
30% Dec
24% Apr
>30
*
47
f
13%
19%
/'
Z
Feb
Dec
19%
>
16 Vi :
/!.
/
Dec
197
175
180/
5
6%
100
14
14
11
'5Va
1j
2
15
12
128
128
Oct
Jun
Jun
Jan
Jan
1.90 Nov
6% Jan
13% Nov
17
8%
4%
80
8%
>i
10
17
15
,
8%
f
.—!—.———-—-100
75
Commercial Alcohols Ltd common.—•
6
6%
5
7%
7%
*
—.——2,50
1.50
1.50
—_.i——!
—
30
Div Sec class
A
.
15%
17%
22,347
30%
35
15%
Ltd—..——•
Imperial Mills...
——*
Aircraft Corp Ltd.—.,—
*
6% Nov
75c
Dec
75
-
..
Dec
6% Nov
.
8
Mar
Oct
85c
.I:
Apr
Dec
15% Dec
167/a DCc
8% Jan
28
Dec
"28
Dec
60c
235
1.90
1.90
8% Nov
13% Jan
60
16%*
30%
'.'Preferred
6%
25c
472-
Consolidated Paper Corp
16% Nov
Feb
3% Jan
•
310
.
Oct
Mar
42
-
<
4,332
•
Sep
127
Feb
■
25c
2,530
,
12
Feb
4% Feb
^/z:'ii/;
75c
'
£9% Dec
11% May
4
Dec
101
Sep
3.15 Nor
Jan
115
74
;
14
Apr
.
60c
com
6% Nov
1.80 Aug
.50
Mar
6%
8%
Consolidated
:;15-;: 'Aug".
Apr
,46
2
*
General Adv
24
.
Class
B
Jan
2
May
' 4%
'
50
51
22%
Works Ltd
*
Malting Co Ltd—
—20
Dom Oilcloth Ac Linoleum Co. Ltd-—-*/
22%
Dominion Engineering
Square
Dominion Woollens
Donnacona Paper
———
Co Ltd—
20 /
*
-♦
^
17
3,095
v
-
21
54%
54%
■■
//
Fairchild Aircraft Ltd.—.—!—~—3
Farmer
/
Fleet
cum
-1°0
Ltd.———*
A—*
red pfd——.—~!
Aircraft
.
Ford Motor Co of Canada class
8%
:
'
5%
31
/
6
32%
18% NOV
;
Sep
20
Dec
51
Dec
60
4,580
:/
50
■'! ,/
r.
5% Nov
Mar
2
1,540
5
549%
us
.
us
Dec
19% July
385
4%
54
Candy-^—I
14
'
\
.
NOV
18% Dec
;
7J/a Jan
9%; Feb
13
25
21
East Kootenay Power 7% cum pfd-100
Eastern Steel Products Ltd.—-!!.—-*
43
Jan
5
10
3,115
;
Dec
Dec
22% Nov
35% Feb
1,925
20
15%
17%
14%
4
46
;
Feb
15
V 170
;
41
39
Corp—_ ————*
20y* Nov
18
Jan
25
300
.'2% Jan
Jan
455' :/' 30
24
4%
David Ac Frere, Limitee class A.——*
Federal Grain Co class A——
Dec
Nov
100
320
63
32
5
Feb ;
40c
.
-
198
/
•
611
Preferred
Oct
../Feb/
2
4
1,808
3%
/'• 15
:
60
Neon
Dec
Mar
175
10
.
.2,590
13%
Preferred
;
168
2
"
5
4%
16
■
95
295
100
13
Jan
176
Jan
156
Aug
167% May
7
57%
Fanny
Dec
13
869
'
45% Dec ZJan
-Dec
350
197
Cassidy's Limited common—--—-^-1
7% preferred
■4-ii.—.u.iP0
Catelli Food Products Ltd com—;
Celtic'Knitting Co Ltd—^::
Chateau-Gai Wines Ltd
*
•
31% Oct
13% Dec
75.-.
.
16
Canadian Westinghouse Co Ltd——*
27% Dec—
Jan
Jan
13
150
1,765
24% Nov
24%'Mar
Dec
Apr
Apr
*20 / May
8,320
34,867
Dominion
106% Nov
46
Dec
109
ill
49
940
:
180
Dominion
33% Oct
31
57
100 *. Jan
34
-////ss--?
110
Apr
168%
Dec
83
26% Jun
108
140
110
16%
common——
20
50
Aug
63
Sep
;'','7% Dec
Jan
22% Mar
1,820
29%:
62
3.10
Ltd
43% May
17 y4 Mar
498 /
2,118
71%/
Apr
22
37
•
135
45
Jan
105
'
3,015
27' /Zv- Z;
44%
;•
Z
-
42
22
10
26
50%
Z
;
45
523
109
;
'
v\ 690
105% 105%;
26%
25
"/•/ 25
Sep
37
Mar
36 y4 May *.
2.30 Jan
10.413
89
Nov
11
29% Dec
25
?,
100
-
7 s;7%
14
11
Sep
23% Jan
240
41
/'Dec
Z
16% Dec
.29
/: 20% Mar
6
28
48%'/
Dec
' 175-
Jan
•
/ 8% Feb
.
2,260
14%
Cub
15% Nov
•;
23 % May
22 y4 May
24%
95% Dec
•
Jan.
3
600
:
28
-
.
3.00
/
j
July
3';;;-Aug
9% Jan
1,045
30
%
26
Aug
8%Mar
7% Dec'
2% Mar
144
■
ZZK;:///>:16!
Z:. 13
12%
27%
99%
Vickers
preferred
6% %
Ogilvie' Flour Mills common
180
High
Low
•
.
;;v,44v Mar
/;
Oct
24% Dec
:
3
1,390
7,151
"-1
19y2
29
48%
Z
!_.!i————i——4.—25
National Steel Car Corp———•
Niagara
;
28 rZ
33
k-.—lOO
■
177
6%
2
-
MacKinnon Structural Steel com.....*
9 58
8,999
——-—;..100
Canadian
-/
31% Nov
v-
mm art «■*
Ltd com—*
preferred■: —*
Claude
V 25% Dec
,JulyZ"
8
.
/;/ Range for Tear 1945
;
8%
98
'
/
Dec
Jan
18%
10
-
■
Canadian Pow Ac Pap Inv
7%
'';:/:44% Dec
25
Dec
22
i
Hiah
95
Canadian Int'l Iny Trust Ltd—
5% preferred,
;
—...100
Canadian Light & Power Co_.
100
'aa-:
•: v/-/':■ /r; •v
:////.: // j:!
;; /'
Canadian Western Lumber Co
//12% Dec
645"
'.
19% Dec
33% Dec
20% Dec
Sales
62
f Canadian Marconi Company
t
Dec
115
Jssn
.
25
9
'
;;
:
Shares
Cosmos
Legare preferred. ■!!..—t.J——i!^..!25 /
Lindsay; (C W) common—* J
.ii^.0
Jan
for Week
8
hJ
Ltd—
,
Feb
Jan
/
.//;/
Sep
16% Apr
May
15% Jan
14
17,390
95
Canadian General Investments Ltd—*
18% Jan
Sep
;1
43
Dec
:.-:.:.54' " Dec
131% Dec
24% Mar
21% Aug
1,245
27%
27
Range
Low
Canadian Industries Ltd class B——
7% preferred u—100
/
8
Oct
35% Nov
120
•:
1,040 / /'24% Mar!//: v
20%
25
20%
;
27%
30%
/
.
525
Week's
5
Ltd
Canadian' Food Products common——*.
/ V/v/Class -; A
■,
Lake of the.Woods
.
of Prices
B—.*
;f
Feb
26%
1,275
42
29% Jan
8
pfd__100
pfd—100
Canadian Dredge & Dock Co Ltd-.-—* !
/
Sep
11
254
,M3%.- 14%
•
14%
26% Feb
/ 28% Mar
>
1,025
2,205
:
22%
Sale Price
Canada North P Corp Ltd 7%
;33
:
'".:27% May /•
104% Dec ; ,
355
Dec
36% NOV
"
14
"'0
20% Oct
451
22
Packers
Canada Malting Co
"16% Jun
:
...97% Apr
8,352
L-i;'**"v-54
55
1043/4 > 104% 1043/4
•
•
273%
25
34%
1; Friday
■
Canada Wire-8s Cable 6%%
39% Dec
'
International Petroleum Co Ltd
21%
23%
22
Canada Ss Dominion Sugar—.——*
Dec
Nov
112
Feb
21%
Dec
95
Jan
6%
7o<'
;
34%
,
26%
/
10% Dec
31%
80
.132 .132%
21%
24%
34%
28% ;
Dec
!
15% Oct
29% Jan
4,508.
5,815
.<43%,44%
^
■
18
Jan
23
215
28%
30
20%
Jan
75
3,980
z
"
15% Dec
120
'
•
35
100
17%
30
Dec
28% Oct
Dec
24
15% Nov
24% Jan
105
Jan
19% Jan
626
35
>-28/'
10;
Bathurst Pow & Pap Co Ltd
Brewers & Distillers of Van
105%
„
'7%: Feb ""
370
*19%
18
24
Apr
.605
Dec
76
116% Dec
Mar
:
21
,
98
/'
35
86%
Apr
/ T3% Jap
12% Jan
125
•
16
97
'/•
70
I 230
24
7
Apr
:;..;.;//:33%:;33%5
International Nickel of Canada com—•
International Paper common
'Preferred.
19
r
*
;
rX'
Par
5%
Intercolonial: Coal, pfd'i<—•—is——.100 :
:
&*Paper common..
•
cumulative preferred—
.100
preferred
...
——
.100
*
s--
16
98
»
29%
86%
30% Aug
930
,
,
100
110
33
.32%
<
•
28%
24
29
24
;
Oct
"
Industrial
♦
Abitibi Power
32% Dec
4,360
870/
15 V4 Dec
Mar
58
r
750
/
22%
Dec
Jan
'-vr
8
8% Dec
Apr
12% Jan
'
325
75
127%
22%
32
21
,.
747/B
124
ff/ 38
Sep
'275
Aug
17% Nov
170
Mar
3%
„
11
.
'
Ltd
*
Brit Colum Pulp & Paper Ltd com—*
Brown Company common
6% Feb
3,725
18,885
12,120
16
,
11% Jan
1Z
10%
16
12%
30
!
17
27%
2,120
•••
74
Bright & Co Ltd, T G
30
30
Apr
80% J.un
163
British American Oil Co Ltd——.—.*
3
30
79% NOV
50
Dec
8% Jan
1,690
Jan
16
75
SfOCKS—
Sep
/5%May!:' <10
1,985
July
175
9%
Dec
*14
8
69
3,095
1,400
83
/■
14% Dec
10% Jan
350
Dec
Nov
20
Jun
15
Canadian Fonda
■»;/!:
10
Jan
/Feb
54
83
/-••.- Last
-.y,
:']■ ;:'ft
Hamilton Bridge
Hoit, Renfrew common.i.-.—
;
9%
16%
/9%;
'
Oypsura, Lime & Alabastine
^Hudson. Bay Mining—
Imperial Oil Ltd.
Imperial' Tobacco of Canada
preferred-.;^!.—
55
55
14
124
..j.—, —10
••
-20% Dec
:'30^ Deo
,
Jan
*
Goodyear Tire pfd lnd 1927—
16
102%
99% Mar
845
19%
Dec
13
v
101% May
15% Apr
20
3,180
20%
19%
,
Oct
,
37% Nov
36% Dec
21% Oct
Montreal Curb Market
Nov
10% Jan
1,345
575
110
,•
21%
40
—////
——
/Preferred
n
1,000
80%
•
——
Royal
;
Jun
165
•
27% Feb
950
25
'
;
17
.-16
' u—
.. -.' —
Montreal •...... ...10
British
75
30
25
Dec
Jan
13%
9%
'Commerce
•
Foundation
23
•15%
»
Dec
98
Sep
5%
.
320
:
/
common—
Nov
;;
12% Jan
230 H.
20
H:
Ltd
jNoV
';
8% May
31
—
'/mug
/ 15 ; pec
168
'm
31
42
19
,16
Dec
i.:Jan i
3,040
,
15
40%
Dec
Apr
—
i
—
—
-168
14%
'
,
50
Electrolux
Class B
168
,£W- £: >'
*■#*'''
22%
'y■
■
5% preferred "—!!„—....!ii. —25
—25
6% preferred
'
,
:
■
•
/u,
750
—-
Jun
32
"
-
450
.5
42
■
—
13% Jun
109% Mar :
1.226
30
156
Z
.—
/■;.
30
155
Z/22
Mar;
145% Jan
30
39
42
22 % Nov
Feb
Dec
JL80
-
14
1,025
2,637
:
25%
25
112
100
Dominion Textile common.——
-
32
.7% Mar j
; Jan
12% Jan /
12,326
16%
16% Jun
:
Jan
"
Jun
93% Dec
42% Dec
,
/I6L'/ Jan-.':
10
Nov
38
Jan
y.[
v30% July
■■;'/ Feb
124
1,810
23%
40
Jan
58%
/ 13% Dec
'
4-!.—————!!—4a—.1-00**
>; Preferred
25
.635/
22%
Jan
33%
Dec
27% Jan
495
33%
91
18%
185
89%
42
III* i
Ltd'/!!!!!!!!!!!!!!!!!!!!.—*
Zellers
47% Dec
105
Feb
32%
''■/
*
_»
———
—
f y Wilsils
;
; Dec
Jan
29
11% Nov
175
Preferred
Weston (OeoX common...^——^
Preferred
Oct
.84
-11% May
.? 1,335
SY» Jan
t
: 502 !
11%
32%
42%
3,569
:
45%
11
32
32%
Glass common——r.—100
•>'* Preferred
1,589
43%
V
—35
Z 1,850
■
Dec
2% May
2,215
5,934
37%
!?!ZiV y" Z
•
Dec
16
107% Oct
1,355
1,110
35%
83
Winnipeg Electric common
Dec
:
/ .42
%
.
28% Sep
12
July /
1.225
~
14%
110
;1A%
*
Dominion Foundries As Steel——*
Dominion
31
106
•45/ r
/15//
Dominion Dairies common..——
// Preferred: —:—
'-'14%
108* Z
!—
L
30%
14%
.
Class B
8%
34
13%
Walker Gooderham As Worts com
'
Distillers Seagrams common!.^—
9
.20
11% Jan
105
Jan
102% 103
...
J
18% Deo
Jun
Jan
355
17% Dec
Feb
10%
10
104% 105
pfd
/
Dec
40
•
Jan
38"
15%
30
19
*
18% Dec
Jan
110
600
20%
81
Tobacco
Wabasso Cotton
P.
22% Dec
49'
21
*
47-'.Mar-
.
!/33
,
20%
23
.* ■
Viau, Biscuit common!.———!—
/
Dec
6% Apr /
12%
58% Dec
DeC
18
;
Jan
:
4,165
Jan
.
20%
90
common...
Twin City Rapid Transit
United. Steel Corp..—;
.,
23% Feb
,
Apr
15% Mar;*
11% Feb
2,115
89
43
Mining & Smelting.
233/4
•
Consumers. Glass
Crown Cork As Seal Co———
Tuckett
Dec
6%
:
•»
Sep
Preferred; •'
:y;;
/ 41% Dec !
26% Jan ",
33
1,405
25
Railway
.
ij
195
•
17
17%
7
•
Oct
;
Feb
9% Apr
.
/ '■ Preferred ———-!
18% Dec
Apr
17
.
103
37
■■;/?
50
:
Mar
34
*
Southam Press Co——
...•
/ Southern Canada Power..—
Dec
60 a
Jan
37%
Feb
100
8%
com_
Simpsons Ltd class B._——
'
.
1
Jun
35
;
Apr
32
97
105
,
Dec
47
Mar
<
:
if: 23
270
7%
——•
;
_
,!
10
46
16% Dec
3,880
2,895
19
;
w
;; 28
;
100
?
24% NOV
;■
23% Dec
30% Dec
156
Breweries
Preferred
Aug
•
25
Canadian Ind Alcohol common——.
?
19; 130
18
7%
common—
Cottons
•
17%
18
,—.4:;-*.!-!^—!..!!!——*>;
Canadian Foreign Investment
Canadian
-
Nov
73
Jan
18% Mar,
,.14
17
16%
20%
*
Standard Chemicals
Jan
337
1,265
4,115
/
61
■
Steel Co of Canada common
/,.125V/ & 38% May :
'•
47 y2
34%
.
>
•
common.—— —•
"ft'
8%
Jun
31% Nov
27% Aug
57% Mar
255
59
.
20%
%
27% July
14,860
Dec
103
16
,
__
Sicks'
.
.
33%
17
0
f-
Jan
40
22%
....
18% Nov
48
Dec
27% July
11% Jan
/
1,835
24%
.24%
-
7% Jan '-W-' 12% Dec
2,141
49%
■
—
Sherwin Williams of Canada
.
.//,•/■■■' Preferred
7
15% Oct
Jan-/
Z//!2.7'
20
400
19
48%
<12%
I934
commonTi—
•
Canadian Car Ac Foundry common—_.*
•*
Preferred !—.!«,!—.25
-
:•!:.
May
132
119% ♦Feb
.473
27%
*
Transport
//. Shawinigan Water As Power.—..
1
-
17
Jan
100% 101
•
....
■i
9% rJan
■
!":-!• 119
142
140
;
27%
;
Canada Steamship common.;
5% preferred
——50
Canada Wire As Cable class B—.
Canadian
15,--:
142
;!!!&!!!}
Canada Forgings, class A—^c.-—.
Canada Northern Power Corp——
Canadian Breweries
•"
24
...
Jan
8%
72
22
/
33
A preferred
—50
—'
St Lawrence Flour Mills common.
.100
.St Lawrence Paper preferred..
Dec
24
72
'/■' 31
..;
,
■
r——
Z' Preferred- —!—
i
20% Dec
Jan
Nov
52
Jaii
99
31%
16 y4
Saguenay Power preferred
•'// St Lawrence Corporation common.
-■>
4% Dec:
!
Jan
18%
2,587
28%
26
11
*
...I
....——..*
—
Dec
30
//S.2. /-May:.,"
370
23
23
-„
Sep'
23% Nov
Jan
21"
;■
Co—
/ Quebec. Power
18% Nov
f.
17%
30
Regent Knitting common
Rolland Paper common
28
.
River
Provincial
•i
Dec
184
v.
Feb
.15% Jan :,
688
—*
Feb
22 Ve
-A;'
21
15%. Apr
:
,
2,980
0 Class B
Bruck Silk Mills—.—
.410
.
Tubes.
59
/
2% Jun
-
.'17%
Jun
8
Jan
28%
-
Oct
23
Dec
>•
Jan
161
1,475
.
29% /• 10,115
22%
...
14%
1,609
18//
.18
28%
:;i28%*
•
-
Light
21%
21%
—*
Mine&;vLtd,!——
Brazilian Trac
%
5%
8
51
High
Low
102% 102%
Power Corp of Canada
32% Dec
;
7%
—
Price Bros As Co Ltd common^——
5% preferred ——
—
'■'(
10% Jun
99 %
Mar
Powell
;
July
Dec
20
4,274
;
20
1.90 Dec
1,548
35
Range for Tear 1945
15% May
22%
50
17%
Shares
High
22
7%
—100
Penmans Etd common—
Placer Development ——
/;t
Aug
Dec
9%
99
145
Oct
.
22
Car
■,:■"/ Page-Hersey
'■i
Dec
107
Apr
Low
i
common—.—*
Preferred
/. 23% Dec
;
134
NOV
Jan
13
:
115
j
;
!
Jan
100%
50
250
8,352
3
33%
>
128
,
14 Va
;:
■
Bathur&t Power As Paper class A—
of Trices
Dec
16% Dec
,
.
,112% Apr
99
<2%
34
,
Jan
20
'
155
10'/a
99
r2%
—.——«.*•
Jan
104
;;
Products
Aircraft——————*
Ottawa Electric Rwys—
Ottawa Light Heat & Power com—.100
; 20% Nov
Sep
,
865 <
106 Ve
1734
July /
/
99 Va
.19%
;
;
25 !!
■
17
;
190;
125
„
30'/2
115
,*
.,,
Corp
16 ;
30
Amalgamated .Electric Corp.!/—:--—-*
Argus' Corp common!—
Preferred
!—!!.!;
Asbestos
4,330
& 1043/4
115 ;/
23 %
pfd——100,
Canada
of
K:
'
Ltd !*!!«*»—w
Aluminium
24
.
15
—-100
•
/' .Range. for 1945
Low
jfiffh"
/
Hiah
Yl'/a
Steel
Ottawa
Shares
of Prices
2334
Ontario
for Week
Range '
Sale Price
Acadia 'and Atlantic Sugar common—*
Sales
Salee
for Week
Range
Price
/-V P<*r
Week'f
Friday
;
Last
• Sale
.'STOCKS—
51%
35%. July
3% Jan
71 Nov
:
.
:
Oct
6% NOV
71
Nov
'
/
861
1,150
3% Mar
25
_Jan
349.
■MfeiHili
m
7
July
33% Pec
COMMERCIAL;
THE
FINANCIAL CHRONICLE
&
LISTED:MARKETS
CANADIAN
•
18
RANGE FOR WEEK ENDING JANUARY
•
T.
Monday, Janu'ary 21, 4946
'
■
!
'
'
' ■'
■
■
'
\'■
■} -V*■'
V
Week'*-:
v
Wat'..' {
^
■ '
Pat-"'-"'I
'Low High
Foreign Power Sec Corp Ltd com—*-* "
••'!!, : ,1.00 1.00 '
"...
6%\red* pfd;—————U—!--100 !, - *.U. ?£; 15% 15 V* ■
Ffasei, Companies :!!J———————*56% ;
S63Ji 58 J/2 /, Freiman Ltd (A J) 6%> pfd—"-_!ulQ0
* '. vL-r ' 103% 103
' 'Godfrey RealtyCorp—/—!—-./—-!;*;
!!'
28-;,i. 28 ?
Low
"
2oc
,
"13
"
35
9:
Dome
Deo'
Ltd.-—ti--—-*:'.
Mines •
/.,!
Insurance' Co;!!!-—-.—,-ilO *,'
Hydro-Electric Securities Corp——* :
It. •: t:' 17
6%
6%
1
Dona Ida
56
DCc
Duquesne 'Mines
102
10
1.55
Oct
23'
1.43
■4.00
3.90
4.25
1.23
1.20
1.35
31c
30c
33c
1.23
;-i-l
1.23
1.45
Elder*: Gold' Mlnes^!.--—
:
15
:,y Apr.
V~.':'4.y 'Jan;
"J/
;
4% Mar
;■" '5
Eideridge* Gold Mines../.—!.
T7% Dec
v.
;
'
■'
%
V
■■
/, ;
..
!
f.
51
Nov
Fontana Mines
9
Oct
Nov.
Sep'
14 %
Nb v
t*
,■
-
.
23c
1
: 26 -
:
(1945): LtdJ.'./.—1
-Sep
,1.15.Mar -
*~ 23c-
8,800!
Jan
'*;*•; 31*. *'Nov
;2.40 Mar
r'iv 2;30 Apr
Ji
52c
-
4,700
Apr V ?
- 7.00 May ;
1.10 Oct :
-1.7Q Nov
;
8,600
35c
5,100
20c
.500-
-
85c
1.00!
30,200:
24,500
44c
49c
Dec
'•
37c
Dec*
:sV3T.10 Sep;
Mar
1.90
1.90
2.05
i 30c
30c
2,100.
-.Feb •"
11c
May.
6,400
30c
9c
1
-
70,800.
46c
Mines LtdJ.^.^.-——!_1
Gold—/^---!
Found 'Lake
'
200
■
23o
i' 45c"
Formaqiie- Gold
51
'
■* •
Federal Klrkland Mining- Co Ltd—/.—1
: 16%Dec
Jan
'
49%
'•/.
%
•
Feb
-
>*
Gold Mines
Eldona
6% Deo
.
Feb
49 V*
.
'100 '
15,9«K)
1.85
1.43
1.55
''Co- Ltd.^i-yy-—f-.-i1
East- •SulllvfinV Mines!—
'
12: "Dec"
26 T-"
; International Paints'.(Can)'Ltd;16% 16%
:: V.V.5%' preferred"--—
—1—!—20 ;
33
* 33 ■ 33
[ Investment Foundation: Ltd:;;!•;.
9%
9% 7. /.6ft conv pfd_—————-—-50
' 7
y,;:v 52% 52% 7
: Journal
Pub CO of Ottawa" Ltd™——*"
'15%
15% 15 %•,
>$""•
Dec
28
'34%'Jan,
'88
Dec'
*■
j, -^
; "^V^Range-fdrYeaf 1945
low
30%" 30%.,
■':T4T
Ltd.--^.—I——.—V_1.
Mines
Jun
/Mar*.
"'
Halifax:
"Shares
Lo»Sigrt
v.
.
.
of Prices
'
'
1,052
;■
Sale Price
STOCKS^-
!Range for Year 1945.
;
•'*
v
;;
,
*•■'
,
Sale»^"': 1'
MkVv;
tot Week.?■ ;■ ^
Range
VC<k*.>.•■:'
V'iV'^^V'FrtaajAV
' ,V
lait.•. Range**? tor Week ':'- ;_
■;l
Shares+,-''f:
...STOCKS—';Sate Price
of Prices
,...
•
'r',SaIe«-,.M"v,..,
48 %C
•'
4?c
-40c
D6c r
80tf
,
"Nov
55c.
.•
Dec
,',1.75 May
«
.
'
Lake St
Lowney-Co Ltd-—.
—,—•
.
12%
6% May
9 % Aug
'
41
15
Maule Leaf Millifag ;,Cd Ltd Common^-* : r. IS %
Maritime Tel Ar Tel Co Ltd com_/._/.10 7 /7 __
'
30
&la£sej>Harri6 Co Ltd S ft
pfd——100
McColl-Frontenac .Oil -6^
pfd—100*. 105%
28c:
Sep.
46c
8% Mar
22%
r
Jan
16%
Mar
105
Feb
60c
-
63c
50C
•
i
...
15,000
50c
16:
Howey.Gold Mihes Ltd.——1-.1:
17% Dec
30% Npv
22
ul
Hollinger Consolidated Golda—1,
—
16% Feb
Jan
""12""
Mines/—
HiUcrest Collieries.Ltd—Jl——;
:
Dec
35
Jah
Cadillac
Heva
14% Dec
"
17%
29%: ;3G%
.
•
,
July
,
V
"
44%
15%
17%
i—-ui.!-,
Mines Ltd-—-——i.——
Goidora
61% "Dec
""
"
Co_;——*7." £':'
MaCLUren Power & Paper
'..
Gold beam Mines—-
'"Jan
24
13% 13%
13 T a-
-
^
"13 '
;
61
11%
Paper. & Powef—;
—
(Alfred) ,mc—l——*_1 711%
Lamoert
;
[ 61
John
«'
51c
69c
1.50
1.5$
36 c
V
■
:
•
—I
63c
Dec
2,000
90c
Feb
./
Nov
- 75c; :*Feb
Jan
8,500 -
,
75c
V
Inspiration Min St Dev Co Ltd
10O
21,550 10,000
■
51c
Indian Lake" Mines-Ltd---!-/.—!-—!-! ¥
A
-
116
<-67o
r20%cApr
:
60c July
>
'
47c
-
Jun;'
96c «Nov.
,
1.40 Apr
*•'•:'•'
'
[. Melchers
Distilleries Ltd common-;—f
7 7Preferred^,
) Minnesota
8%
;
7 '19%
St Ontario: PaperCo-—.—5
y:v 1st preferred——30 J
preferred
—
—20Moore-Corp Ltd-——————*
x ■
Nuclear..
Royal Hotel Co Ltd-—
.
.
.
—
14% /
-
of Can* 6%
Partic
cum,
Sarnia Bridge Co, Ltd——-:
Southern Canada Pr 6% pfdSouthmount Invest Co Ltd
Standard
Clay
Standard
United
—
*1
,,
V. 14
52
39
.8
8
20%
:**
Ltd
-
pfd-v,—-——50
,
100
—
*
j
.«
*
..
8,25
8.00
8.25
Mining & Explor Co Ltd—1 ;
Miiies
Shore
Ltd.j/.!—1'
25
-
7c
:
36c
50
20%
1.30
1.30
2.55
2.85
2.7QO
2.500
1.52
—1«
Nib
7% Apr
July
1.65
2.45
18
2.100 :(
17.600 ;;
1.50
Jan
Jiay
8.10 Dec
>Jan
25Vii Dec*
*
4%c Nov
^e'^July!
"
.
9%c Apr
t
1.32 Jan
92c
?-1,100 ; v
'
Ltd-——
6.20
Mines
11%
Corp Ltd!—;-/.!.
Dec
Jan
Omnitrans
-*
»•
4% May
*"■
3.40
ld)5 Nov
2.85 Dec
.
Jan
!- 2.05 Mar
July
! 4.33 Dec
Pitt
3
31c
1,000
2,500
3.60
8,600
64c
9.80 Dec
%
Feb.
20c
;
43c
Dec
Aug
1.15 Dec
31c
Nov
4.00 Dec
2.25 Jan
V 28c
26C
29c
29,900
22c
Nov
42c
155,395
10c
Feb:
7.00
7.20
.500
4.75 Feb
6.50
6.50
100
-29C
33c
Nov
Rochette Gold Mines--——-————-l.
Nov
30c
Nov
40c
21c
July
51c
Sep
- 60
Jan
25c
15c
Jun
i 650
Apr
Get
38C
23c
19 %c
23c
5,200
27.500
32C
;
7.50 Nov
'
30c
35c
30,502
,
Red Crest Gold Mines Ltd——
Oct
7.75 Dec
-
^
16,800
U-
35C
—l
—-
Yellowknife
46c
4.40 Jan
v'v'V5,
Quebec
i!
Dec
37c
Mines—
Gold
1.15
2.97 Feb
28c
28c
Gold Mines Ltd. ..-I
'i
Dec
2,000
■
f^i-K:!(''''t.I-v' l''x
Cadaliic
Patb Cons Gold'Dredging Ltd
^-lf
Pioneer Gold Mines of B C—— --1
24 : ; Dec
100
26c
Y.55
49,340
40c
—*
Exploration —!/.
*'•'''1 V.-s
V".
Pandora
.1
11%
3.40
;
26o
1.15
Ltd--—
6.70
27C
•
O'Brien Gold Mines Ltd
Apr
10%
Yellowknife
Normetal Mining
Norseman Mines
12% Dec
28
Mines
Mining Corp of Canada Ltd—!!.
Jun
30c
"
•4.:*
Macdonald
20
:
13%C May
7%c Jan
75,100
-
1.30
r;
—
Louvicourt Goldfields
3%c Jan;
,
425
6C
6d
V
200
6.100
...23,500 ii
32C
24%
24%
35 %c
...
.
.' y
8c.
^
Lebel Oro Mines Ltd——-.———1 %
11
6
'5
,
>!■ 4'V.!
1.27
Ling s i de —...^
m..—4* >»».i /*.
Llngman Lake /.-!-!
1 ;
Little Long Lac Gold Mines Ltd—--* !
Feb
46%
13ya
>
* y.
69c.
8c
1.12
109% Dec
.
; .9
•
•''* .'.
'
68c
•:
8c
.1.12
w
V
31
'
w-•
69C
/
Li
*——-1
Mines Ltd—-
:
Mar
■
116:
•
r_——•
pnlted Securities Ltd
6% Jan
! Lake
Dec
*
V
—*
Labrador
-May
; Dec
71
28c
,
preferred—-—L——-2S '
B
,21
Feb
57%
,
pfd—25.5
1st
cum
Corporations
Class
27
23 "
,_l00
United Distillers of Canada
:
Feb
10% Feb
'. ~*
Dec
10
100
-
Paving & Mat—:A_:
United Fuel Inv'class-A
10
110
,
;v Joliet*Qufebec
.Dec
19% Dec
•11% July
2% Feb
12
—'
Products
Thrift Stores 6 V2 %
16
J-M Consolidated* Gold Mines Ltd-
.
50
38
Quebec Pulp dr Paper 7 "ic red pfd—100
Quebec Tel & Power Corp class A——* ,*
—
Reliance Grain Co Ltd commoui—20%
Feb
-
J
110
50
38
Sep
9%; Oct
"
2014 7
10% .11%
1st pfd—100
2nd, preferred—y—-——50
Jack Lake. Mines/.—/.—u.—
108
2% Mar
9*
12
13
29
29
18 ■*,, 18
74 % 74%
13%: 16% "
-w-1—11—i—If—-*:ill,
>
Pr Corp
■
'
—*
19%
;? —
" 29
,
,18
7- 2nd
Mount.
.
i
/■
107;;7t7%^ 16%■ 17%%,
/Montreal Refrig A Stor Ltd com-——*" '
:
105 105%
8%
9
:
'
'
y
*
"r*
-V"v.*},>■•■•';;«:&> ">
"-tu".;
f'*l
.
Products
/11%
Manufacturing Co---—^: y' 40
Woods
——
1
i,
Jan
34c
1.55 Nov
•;
Astoria
Ltd
—
10c 14%c
13c
Ltd—-—4^.—
—iy.—
-
7,500
7%C4
:8c
'••k "
203,700
48C
44c
,
—
"-»'•'
9%cJuly
V
78c
;
:
1.45
1.10
1.48
~1:
38C
37c
4lC
27%e
28c
114,419
17,100
21,100
3.50
3.70
100
2.19 Nov
5735 Mar
3.00
3.20
24,100
1.50 Jan
3.80 Apr
28c
23c
May
13c
Apr
93c
36c
Dec
Watte Amulet Mines Ltd-
87c
8ep
Wiltscy-Coghlan Mines Ltd—-——!
38C
4
65c
::
1.25
500
30e 32 %c
1
31c
& Diamond M:
34c
1,000
Dec
37%c Feb
75c
Jan
29c
Dec
1.80 Apr
;
20,500
19,500
40c
Dec-
57c
7,500
27c
Dec
60c
14c
14c
16c
6c
Jan
12c
15c
2,500
7,500
12C
13 c
V: 88,760
50c
572,130
■■■; 4c
Jan
54c
May
46c
8,600
33c
Jun
62c
: Nov
Homestead Oil St Gat Ltd—
18,200
10c
Jan;
45c
May
26,200
54c
Pacalta Oils Co Ltd-———Royallte Oil Company Ltd-!——!
Corp-——1, :
/
*'<
7c
>
6c
'
Nov
Oct
Cartler-Malartic. Gold Mines Ltd_i—1
Ltidt
1
Centremaque Gold Mines—;Vi
Century Mining Corp Ltd——i-1 ■
Cournor
Mining.—5
Central Cadillac Gold Mines
45c
45c
45c
-
" 38c
;
40c
60c
39c
67c
'63 c
'
i
.
Dec
Week Ended Jail. 18,1946
'
—
.
v
1,250,740
Monday.
Tuesday
Wednesday.
Thursday—
Friday—.—
East Crest. Oil Co Ltd-—-!——,—Home
-
Sep
2,097,306
$308,500
$10,000
$3,698,500
36,000
Oil
Co
309,000
481,000
483,000
8,206,000
22,000
.
489,000
."
:
14,238,867
Bonds
XJ. B. Government.
30,000
$171,000
Jan. 1 to Jan. 18
1945
65,648,200
3,500
4,00
4.40
9c
9%C
7,260
96,800
11c
15c
12,000
24
•24
24
100
u
■
$50,898,400
..„
$68,712,200
■
1946
*
•
-V
v'
listed, on
■
111
■
*1
*
•;
„
„4
$621,500
20
it
ZnduaData—
January 124-!-!!:"
January 14.__„_^ *
January 15——.:
January 16-4--U./.
January 17 J—
Jamlary 18--!—,
For
footnotes
Rail¬
triala
roads
199.44
64.88
39.83
66.14
40.30
201.93
Total
10:
..
113,249,300
/
1,150,735
247,872,200
$119,784;500
,
$253,886,200
$3,237,000
966,530
1946
-Bonds-—
4¥¥'■■:■¥■:*¥¥■¥¥ '■:/'¥■
■
Domestic——
Bonds :,-4.;u;:4:;vv4r;:
-
Second
10
;
:
Total
:
100
132 '
137
Chase National Bank———15
122
45
10
55
Ralls
Ralls
117.21
102.06
109.66
108.82
——20
106.31
117.40
101.89
109.71
108.82
Continental Bank St Trust—10
23%.
Corn Exchange
47
48%
75.69
Utill-V
ties
40
Bonds
66.44
40.25
76.01
106.32
117.46
102.16
109.77
108.92
'40.28
70.42
106,53
117.34'
102.11.
109.86
108.96
40.30
76.21
106.48
117.40"
152.18
109.81
108.97
66.65
40.35
75.92
106.46*
117.40
102.00
109.76
108.91
.
Chemical Bank & Trust
a*.
126"
52
Central Hanover Bank Sc Trust 20
trials
66.69
_!
462
53
106.37
67.14
349,
—
•' 34%
474
65
203.81
page
22V» Mar
{Par Value) Foreign
Corporate ¥
-
;54
Commercial National Bank St
Trust
Co
-
22,000
Bank Sc Trust_20
Empire Trust ———50
y
V
Total
$215,000
$9,000:
'
697,000
6,000
J
;;
;
V
"5~6O6 ' ^
7
854,000
2,000
$22,000 4 $3,841,000
'*!
*
-
v.
Jan. 1 to Jan. 18 r 4 • i :
1946. 4.
2,575,210
12.018,470
1945
\ 7,588,410
$6,986,000
28,000
$7,343,000
$11,342,000
33,000
4,023,000
44,000
$7,950,000
$15,409,000
931,000
3,740,000
.
604,000
652,000
819,000
;
$3,575,000
,
,
-
51%
„
,24 V*-
:
128
,
6J%
65 %
123
39 %
1001,980
Par
Ask
Wd
32%
74.63
202.97
see
11 %C July
City Banks & Trust Cos;
Par
Bank of the Manhattan Co.—10
Bank of New York—-——!100
Bankers Trust
10
1945
/
$3,841,000
Total.—z——
Stock!
203.49
202.18
Apr
18c
Exchange
$582,000
-
,582,000
-
ties
Grade
25,000
4 217,000
224,000
83,237,000
—
Foreign government-/—_—
Brooklyn Trust
First
14,000
v
5,909,990^
Stocks—No. of shares----—
New York
10
Grade
Nov
4,55 Nov
3.10 Jan
1
96,000
590,000
622,000
602,000
628,000
5,909,990
$6,000
595,000
-
893,175
V
Total..
:
$200,000
1,140,630
1,160,890
•
.
Utili¬
Indus¬
21c
HVac July
-18% Oct
Week Ended Jan. 18
$485,000
5,529,000
5,913,700
fe 598,C30
Thursday—^
29^319,267 p?"27,267,107
10
30
V 40c
4 >
Government
Domestie
.
'
Stocks
Feb
Deo
9c
-4%e Jan
Bonds
Shares)
*;
•
,
the
—
■
Foreign
-
',
1945
daily closing averages of representative stocks and bonds
the New York Stock Exchange as compiled by
Dow, Jones & Co. ; ! ;
are
35c
a
,
Slock And Bond Averages
Below
Apr
"
9%c
Foreign corporate—
Total -;*
;
'
Wednesday
$50,898,400
$175,000
2,889,000
;
1,700
13c
15c
1
,.
Monday
———
Tuesday™---—-'—.:
—-
8,725,000
$171,000
J9,069,630
2,727,500
47,999,900
Railroad Ji industrial.
■
y'
y.
Foreign.
:
9,215,000
9,450,000
27,000
Week Ended Jan. 18
Vv;-;;. 1946
Stocks—No. of shares.*.
46,000
$2,727,500
;.
1.20 Nov
"2.10 Nov
80c
4.00 •
Ltd————-
'Week Ended Jan. 18,194$ C
-{
Saturday---—.-!------!!-!-!------1
r
9,117,900
10,692,000
$47,999,900
Feb
1.95 Mar
600
12c
or
V 657,000
8,940,000
86c
V 40c
250
16
-
;;; Sales,
8,424,900
14,238,867
TotaL—
Bonds
8,688,000
i
4.90 Jan
' Feb
Stocks
Bond*
2,199,900
3,232,165
,
i
10c
1.400
1.35
2.50
(Number
10,361,000
}.
1.25
*>;
TotaI
$3,380,000
•2,739,900
2,718,856
_»
Government- Bond
foreign
Bonds
;
3.65 Oct
15%c Jan
37%cDec
Jun
Dec
Daily, Weekly and Yearly
United States
and Ikliscel.
13c
Transactions at the New York Curb
Railroad
Stocki,
Uumber of
Shares
1.00 May
30c
V
May
75c
1.15 Deo
Dec
3,000
4 15%
'.;.T
Oaily, Weekly and Yearly
>
>'4
Dalhousie Oil Co Ltd—
May
18c
"■
.! 77c
31c
TransaciiMis at the New York Stock
V
,
*
Canadian Oil Companies—
Jan,
Mar
20O
27c
2.50
Calgary 6s Edmonton Corp Ltd——
*<
May
60c
;< 3,000 ;
4.90
27c
Anglo-Canadian Oil Co Ltd———
Jim
27c' May
■
13c
2.20 Dec
V 1.11 Dec
Oil Stocks.
57c
29c
"
Jan
Jan
35c
"
500
14c
4.90
27c
480
;
32c 34%c
——.
55c
:>•>*
55c
14c
14C
———————
Gold* Mines-.
Villbona
29c
—-1
^
18,300
Ventures Ltd
66c
65c
.
■
Dec
65C
Gold
Sdv
Jan
1.25
Lake
3.10
Sullivan Cons Mines Ltd—z
Feb
Ltd—u_^—_—-
Beaucourt Gold Mines
Dec
July
(1937) :Ltd_—
35c
52c
Steep Rock Iron Mines Ltd—-/.
July
Dec
3c
Mines
gjatarrtay
••
10c
Mines
Bonville Gold Mines Ltd—1——1
Bouscadillac Gold Mines Ltd————IV.'
■
•
—
17c
Athona
/Brazil Gold
26.225
500
;
Aubelle
37c
19c
36c
13,620
15c
Aumague Gold Mines Ltd-.:—-—:.
Red
1,000
42,112
1.38
Ltd
Mines
1,000
8c
15c
78C'
1——
Quebec 'Mines Ltd—
Beatrice
3.20
1.20
Jt_
Steelox
Alger Gold Mines
Ashley Gold
1.54
2.50
1.25
Biscoe Gold
Mining Stocks-,
Aldermac Copper Corp LtdAmo. Mines
1.54
2.90
—i
Senator-Rouyn Ltd
Sherritt-Gordon Mines
Corp.Ltd———i—•
.Windsor Hotel Ltd—*
-i.
Ltd
Stadacona Mines 1944 Ltd—.—
Standard Gotd Mines-
Westeel
:
2
41%:
040
Fulton
205
wlOO
Trust.
—100
190
.100
383
frying Trust
Kings County T^ust————100
20
21
1,940
1,990
Srace National —
uaranty Trust —i—
Public Nat'l Bank St
-23
Trust—17%
Sterling National
—///-.—Title Guarantee St Trust——12
United States Trust——100
67
.65
316
48
112%
Morgan (J P) St Co Inc__—100
National City Bank——..—12Va;
York Trust--
51
48
Lawyers Trust——/——25
Manufactures Trust Co com—20
New
392
,
47%
82
22 %
790
322
,
.
;
50
116%
49%
86
24%
820
;
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4457
[Volume 163
OVER-THE-COUNTER MARKETS
Quotations for Friday, January
18
For Quotations on Real Estate Bonds
Specialists
llliSHASKAN
OVER-THE-COUNTER SECURITIES
'
Firm Trading Markets
;
Members New York Stock Exchange
•»
?
,V,j
Members New York Curb Exchange
v.
||40
Tel:
& CO.
"
:
•
Exchange Place, New York 5, N. Y.
i
DIgby 4-4950
Bell
Teletype NT
1-953
Reorganization Rails
(When,
as
and
If Issued)
f:;;Bonds—
Chic
,
Indianapolis & Louisville—
* 1st 4s ——
^—.1983
Stocks
—
„
2nd 4Vas
Chicago Rock Island & Pacific-
2003
Common
Chicago Rock Island & Pacific—
1st 4S
I
—1994
g
5%
Conv
income
Denver
&
4 Vis
2019
99
Denver
^
;
—«^.^^2018
Rio
Grande—
Income. 4%s
t
1st 3-4sIncome
..
,—
St Louis & San
&
Grande
Rio
com—
Preferred
St Louis & San Francisco com—
—1993
Preferred
Francisco—
~41st- - 50-year 4s
K
preferred
104 Vi
.
—
-
,v:,
_y 1T
Income 75-year 4%3-———
Insurance Companies
Casual
dfc
I
Surety
*»k
Bit
rat
Aetna
Hartford Steamboiler Inspect_'J.O
30 Vo
31 Va
10
Homestead
10
15%
»
Life
49
Home
Insur Co of North America
10
102 %
Jersey Insurance of N Y
Aetna
Agricultural
46
10
Aetna
20
41%
44 Vi
1
12%
18 Vi
91
20 %
95 Va
8
63%
0
Fire
17%
105
American Alliance—.—.—.10
American
Automobile
American
American
Casualty—.
Equitable
American
Fidelity & Casualty.!!
4
Maryland
—5
American of Newark
Merch
& Mfrs
N Y
Fire
Re-Insurance
American
American
10
Monarch
Fire
Reserve
10
National
Casualty
Surety
28
National Fire
10
National Liberty
National Union Fire
2%
Bankers & Shippers
29
new
(Detroit)—10
.10
Amsterdam
2
Casually
New Brunswick.
common—.——--10
Camden Fire
.10
New Hampshire Fire—..
—.10
York Fire
—..—9
0
—
North
River.
City of New York
10
10
2.50
—
Northeastern
Connecticut General Life
Northern
Continental
Casualty
9
12.50
9
Crum & Forster Inc
^0
29
Pacific
Employees. 'Group.^——•
Employers Reinsurance
10
Federal
.10
30
;
Preferred Accident
9
Providence-Washington
10
20
Fire Assn of Phlla
.10
Fireman's Fd of-San Fran
Firemen's of Newark..
Indemnity Co
Phoenix
.—10
Fidelity & Deposit of Md
Fire
Pacific
Reinsurance Corp
10
Republic
(NY).——.2
(Texas)
10
9
Revere
a
St Paul Fire & Marine
12%
General Reinsurance Corp new 10
Gibraltar Fire & Marine
10
Seaboard Surety—
Glens: Falls ;Fire.*.;—A
Springfield Fire & Marine
—10
10
25
Globe
&
Standard Accident—
Globe
&
Franklin
.
Fire.
.n:y
Republic
(Paul)
9
U S
U 8
Hanover;
Fire
10
Bid
Arkansas
Pow
&
■
Lt
104%;
105
104
104%
California Water 3%s
1975
109
109%
Cent
1975
103%
104%
1970
101%
101%
K—1980
110%
110%
Burl &
Conn
Lt
&
Serv
Quincy 2%s
Pwr
Erie. RR -2s.
2%s
3s
ser
1953
u_——
Houston Lt &
Pow 27%S
?
1974
3s
May
>
100.22
1,
ioiy»
105%
1950-1948
1955-1953
1953-1951.
105%
102
103
It 3%s———.1965
105%
108%
& Lt 3%s—1975
Power
1875 .107%
2%s_
.1975
104%
Loan Banks—
101
ft,.101ft
Other
tDec
15.
Int. Bate
.
1
_
1946„
%
100.19
1%%
Maturity—
100.15.
100.31
101
1%%
100.19
100.20
1%%
101.14
J'/sS
-V/aS
tV'sS
t%"s
100.16
1%%
101.15
•
'V
March 1, 1946——:
April 1, 1946
:
'
Dec.
tVas Jan.
1,
1946
Bid
.0461
.0380
.0370
—•
/'
&;
104
102
102-%
:
1975
Lt
Light 2%s_1975,
Tel
1975
3s;
107%
107%
104%
104%
Monongahela
Oil
V8/104%
103 Va.
104;;;''
Power 4.40%—100
Ruppert (Jacob) 4%
Union
104
Par
Preferred Stocks-^
.105%
(Cal)
100
—•
$3.75
1, 1947
.
<
.0561
;
b0.375 0.32%"
:
b0.375 0.33%
February 21,
February
.0574
.0553
.0572
.0731
.0809
.0980
.0702
.0890
a
to
,
-
b0.375
0.34%
1946
-
Ask
0.34%
bO.375
0.35%
;
March 21,
1946.—.—J
bO.375
V
,
March 28.
1946..—a—
b0.375
0.35%
0.35%
•
0.35%
1946...———
bO.375
.
April 11,
1946—_——
bO.375
0.35%
;.
April 18,
1946—.——
bO.375
0.35%
April 4.
■
—b0.375 0.33%
;
March 14,
.:
lot sales,
b Yield price,
d Deferred delivery,
e Ex-interest, f Flat "price,
k Removed
Exchange,
r Canadian market,
s Cash sale—not included in range for year,
t Ex-stock
(Un) Unlisted issue,
x Ex-dividend,
y Ex-rights,
z Formerly Athey Truss Wheel Co.;
changed effective Sept. 17, 1945.
'
Odd
Stock
dividend.
name
;
28,
.
bO.375 0.33%
1946.
.0650
.0576
1946.
bO.375 0.28%
.0517
.0512
^
19461946-.
Bid
bO.375
' March 7, 1946
•"
...
/
^
f
.0506
.0450
*
'
January 31,
February 7,
,0495
.0447
•
February 14. 1946—.
-.0448
.0423
i
1946_.
Plus
Ask
.0485
——-
for discount at purchase
are
■ikirifc-':.; y ^
24,
January
.
.0445
—.—
ji' •'
Treasury bills—
.
t%3 NOV. 1, 1946
V/aS
.
•
;
.1985
Service 2%s
Power
Western
104%
;
/.Bid-4'
'
-v;v
Louis
,
'
32ds of a point.
V
Dollar Price 100
May 1, 1946
June 1, 1946.
1.09% July 1, 1946—
t%s Aug 1, 1946
t%s Sept. 1, 1946
i%s Oct. 1, 1946
.
\!K(
St
United States Treasury Bills
Certificates of Indebtedness—
t%s Feb. 1, 1946
—
100.20
1947.
15,
El 2%s—.1975
of
1093/4
104
103%
0.80%
lt
100.2
tSept. 15, 1947.
tSept. 15. 1948.
tSept.
—
Ass
109
103V2
It
Panama Canal 3s.
Bid
100.I
1%%
tMar 15 1947—
1975
1975
Issues
U S Conversion 3s—
Figures after decimal point represent one or more
1946—
RR
2%S
Texas
108%
104%
Rates quoted
Maturity—
3V8S-1975
3V8s—
v
105
107%
106
107%
Pow
Monongahela Power 3s
Quotations For U<S. Treasury Notes
tMar 15,
(Indiana)
v
100.24
101
1, 1956-1946
lV'2s Oct
2%s Feb. 1,
l%s Jan. 1,
106 Va
Co
Texas Elec
105
Mountain States Power 3s„1975
V
Term
107
Montana
b0.90
3VeS—.1975
Elec
Sioux City Gas &
100%
106
Minnesota
1946—,
Serv
Reading
Bid y
108% v' 109
104%
Public Serv (Okla) 2%s
,&
104%
Laclede Gas
April 15,
Pub
3s—1974
Products 2%s__1970
Portland Gen
City Southern 4s—1975
Kana Okla & Gulf Ry 3%s_1980
Kansas
0.90 fc
Nat'l Dairy
108%
Pub
10
2.50
Elec
Narragansett
108
Chic
Fidelity & Guaranty Co...2
Fire..—i.—4
Ask
/
8%S—1974
Birmingham Electric 3s——.1974
Buffalo Niagara Elec 2%S—1975
Vt
—100
—
Westchester Fire
Bonds—'
Federal Home
...10
U S Guarantee..
Travelers
——.10
i„——
Hartford
Federal Land Bank Bonds—
.
Security New Haven
Great American—.———.8
Obligations Of Governmental Agencies
.10
Fire
Rutgers Fire com
15
preferred
..—15
2nd
Page 348
•
4
New
FOR NEW YORK CITY BANKS & TRUST COS.—See
9
-2
Baltimore American
•
!
20
New
Automobile
■
66
8
w4
.3%
American
Boston
Casualty—
Massacnusetts Bonding
Merchant Fire Assur
0
•No par
value,
tin default.
furnished by sponsor or issuer.
tThese bonds
are
subject to all Federal taxes.
-
AQuotations not
THE COMMERCIAL & FINANCIAL CHRONICLE
350
C 0 URSE
T HE
clearings this week will show an increase com¬
Bank
the
Incomplete preliminary figures
clear¬
pared with a year ago.
time of
will be above those
corresponding week last year.
At this center
a gain for the week ended Friday of 22.1%.
Due
possible to obtain weekly clearings
the
for
there is
of telegraph workers we are
to the strike
last
CLEARINGS—RETURNS BY TELEGRAPH
New York——
Philadelphia
;
—-
ended Jan.
City
having
amounted
to
$12,866,841,382
week in 1944.
same
following
furnish
we
19.0
Federal Reserve Districts
1st
+
t
13.1
212,083,292
204,147,400
137,501,722
$7,786,657,113
Other
>
2,148,944;143
**
472,990,298
Kansas
■
•
'
623,429,338
4
333,777,132
674,265,354
301,746,737
7
282,684,096
9
362,883,575
6
City—
*
-
Francisco
.
191,189,324
567,341,170-
527,111,294
250,453,311
327,159,458
551,400,301
593,097.008
289,864,736
211,640,661
/
254,451,957
297,838,439
"
267,638,911:
173,405,285
130,936,616
119,397,605
499,796,694
443,225,076
+12.3
8,986,379,883
8,230,060,157
+10.9
3,920,929,560
4,038,425,162
'
12,866,841,382
_i;Q cities
;
11,453,486,474
5,329,484,474
—;
"624,610,927
572,245,501
.
"sr
4,351,718,838
587,549,283
280,950,305
380,309,024
521,282,935
W-l;*
Total
>l
/
317,528,830
159,716,006
————io.
,:P# j1
'
;
208,524,053
736,947,229
'-H
376,549,33*
377,040,251
5,228,049,721
433,748,562
"
J7
Louis
12th San
$11,576,882,771
week
-
Minneapolis
',
Total all cities for
—
1
St.
9th
11th Dallas
' v. •;?
,■
322,269,633
Chicago
8th
$9,427,938,628
five days
All cities, one day
Tot. all cities,
WT
-10
Atlanta
•P'.
424,423,491/v
"
.
1943
1
i',*
7
*
10th
505,437,022
>•
6
10
i—
'
$
r-i'.,
6,819,921,052
704.986,177
602,573,931
284,769,346
Philadelphia
Cleveland
-
1944
1945
*
7,721,742,932
746,149,633
12**
6th
+12.1
Dallas Reserve District 19.7% and in the San Francisco
by Federal Reserve Districts:
12 cltlei
Richmond
by,
In
Dfstrict has to its credit a gain of
9.3%, the St. Louis Reserve District of 10.6% and the
Minneapolis Reserve District of 35.6%.
In the Kansas
City Reserve District the improvement is 14.3%, in the'
$
5th
are
the Chicago Reserve
1946
4th
1,641,281,515
In the Cleveland Reserve District the totals
SUMMARY OF BANK CLEARINGS
,
L
the totals
Outside of this city
12—i
New York
3d
(including this city)
larger by 1.8%, in the Richmond Reserve District
13.2% and in the Atlanta Reserve District by 9.0%.
$11,453,-
against
District
■
^
7th
'
;
five days—.•v 1,839,416,395
cities, five days-
of 5.8%.
increase of
an
a summary
Boston
2d
246,216,000-
t
>
Baltimore
Ten cities,
was
New York
show art expansion of 13.2%, in the Boston Reserve Dis¬
trict of 19.1% and in the Philadelphia Reserve District
previous—the week
;
+
the
statement, however, which
of the week
Week Ended Jan.
t
—
Cleveland
not available at
has to be estimated.
cases
12. For that week there
In the
329,054,543
278,502,000
>7,
Pittsburgh
the week ends
as
are
Accordingly, in the above the
detailed
rsults
486,474 in the
+ 22.1
160,600,000
—
Francisco
Per
178,025,378
-g-—
Bt. Louis
much
as
543,000,000
391,556,879
a gain of
10.9%, the bank clearings at this
having recorded an increase of 13.4%. We group
the cities according to the Federal Reserve Districts in
which they are located and from this it
appears that in
was
center
12.3%, the aggregate of clearings for the whole country
-Cent
/
today, in
press.
elaborate
complete
462,902,560
■
—
^
•
t
Boston
Ban
;?
t
'v;
';
1945
$5,313,126,218
$6,486,968,393
Chicago—
Kansas
VT
1946
Week Ending Jan. 19—
going to
the
and
have reached us.
there
issue of next week. We
our
present further below, we are able to give the final
we
give below the few returns that
plete our tabulation and
in
appear
day of the week in all
In
unable to com¬
CLEA R I N G S
B A NK
Saturday and the Saturday figures
the United States from which it is
ings for all cities of
foregoing will
cannot furnish them
week ended Saturday, Jan. 19,
indicate that for the
O F
Complete and exact details for the week covered by
,
Monday, January 21, 1946
4,806,006,278
*
We also furnish today a summary^ the
monthly detailed statement of transactions
Stock Exchange is appended. The re¬
Our usual
December and the 12 months of 1945
sults for
—Month of December—
\ 1945...
1944 .
Description
Btock, number
of
shares
Bonds
the
——Twelve Months—
1945:
1944 ■
263,074,018
31,259,650
$131,328,900 $25.7,839,700 $2,147,723,400
F°horfds
8,343,200
9,357,000
-
having been $61,415,$54^95,657,861 In the
bonds
349,400
744,800
The volume of
"
8,108,550'
-
5,823,700
7
transactions in share properties on the
twelve months of 1942
indicated in the following:
totals
the
are
1945
1943 7 >
1942
No. Shares No. Shares
,
No. Shares
1944
No. Shares
Month of January
38,995,195
17.811,394
18,032,142
13,993,665
32,612,585
27,492,243
17,100,772
27,643,038
24,434,084
36,997,243
7,925,761
8,587,828
99,100,023
62,555,204
79,463,469
Louis Reserve District there is an increase of 9.8% and in
sas
f/T -.1945.^/T
14 cltlei&
Boston
*
28,270,442
13,846,590
14
York
2d
New
3d
Philadelphia
4th
Cleveland
5th
Richmond
6th
Chicago
—17
————
32,024,018
17,228,380
7,229,097
—
41,310,246
37,712,751
23,415,845
7,466,443
—
101,604,706
68,787,721
92,020,949
22,284,837
51,792,091
—
quarter
April
>7
v
'
{•'
•
'"1
May
;
'
-
June
2nd quarter
200,704,729 131,342,925 171,484,418
Six months
I
T
J
!
July
August
,
"
3rd
September
t
^
:
October
77,002,916
4th quarter
17,533,817
13,922,678
40,405,573
-
18,019,019
18,246,011
34,150,731
110,032,651
—
1945
Year
64,918,607
35,476,347
-
December
j
8,373,550
7,387,341
9,449,934
25,210,825
November
.
26,324,332
14,251,976
14,985,690
55,561,998
66,826,195
;
months
'
„
28,219,705
20,752,920
15,945,982
1 267,530,924 196,261,532 227,046,416
quarter
Nine
19,977,030
21,714,249
25,134,916
—
-
"
30,556,334,640
6.3
3,065,883,732
1,451,433,907
•—•2.5
1,483,553,531
i
"
2,153,466,552
2,007,595,608
+
4,690,765,859
—
31,259,650
66,812,486
19,526,660
51,695,349
"
"
"
"
».
11
CX-
•
Total
—
;—
Boston
New
3.9
1944
Inc. or
■
;
;
•
19,312,762
Chicago
8th
St.
9th
"
Minneapolis ;—16
17
8
—
—
——
-
16
—*—31
———
Louis
——16
—^
-————-——11
-----
———19
-
20,649,344,216
257,143,184,165
200,411,705,332
30,208,818,807
+
14,937,431,258
33,909,713,332
1.2
8.0
31,325,719,792
14,086,930,417
19,040,165,727
27,630,221,069
12,306,476,414
15,613,351,750
+
7.3
5.6
+
9.7
48,238,541,687
14,496,406.959
10,588,863,445
41,062,149,570!^
-+
.+
7.9
18,162,567,145
14,448,708.206
—
15,652.439,316
11,049,294.538
18,841,824,932
.
0.9
'
12,369,679,332
8,466,333,563 Vi
+ 11.2
12,027.997,017
+
5.4
25,630,466,455
+
10.7
505,299,900,357
413,405,044,996:
+
13,457,831,898
4.7
256,740,113,979
220,465,549,837''
9,992,715,182
-
27,367,692,548
560,024,469.837
21,592,710,37%?;
,
r
Total •:
——
.620,955,776,634
.186 cities
Outside N. Y. City—..
286,523,122,971
-
5.0
21,502,728,044
52.419.340,783
f
.
19,302,175,401!
7.2
+
34,551,834,423
33,340,998,527
:
12 months
+ 164
+
21,268,459,948
295,634,593,622
Atlanta
the month of
y.:.
1942
1943
12 months
12 months
12 months
344,161,378,712
36,290,499,783
33,736,117,047
16,135,473,621
23,068,225,298
51,973,257,276
16,523,154,297
12,126,966,771
S 20,332,918,825
X 14,965,000,817
28,836,988,739
Richmond
-
Francisco
21,922,522,550
+
T 22,805,646,771
7 th
12th San
24,202,377,372
25,271,443,693
■14
6th
11th Dallas
41,428,602,437;-
■••••
the'Searings by Federal Reserve Districts in the twelve months for four years.!
—————17.
——
City-u—
2,395,433,680
48,307,975,882
..
14 cities
-I.
;
5th
Kansas
1,449,476,395
1,013,665,3062,210,184.6011
■
15.932,595
13,437,025
10th
859,102.286 ?
,
1,716.462,865
1,145,752,162
,,
Dec.5&
.-I—
-
York
1,230,307,107
4.5
54.995,657,8611|
1945
2d
4,026,002,023
1,041.740.846
m
„
*
1,561,464,673
.
1,399,095,056
+ 11.7
'
Philadelphia
clearings at leading cities of the
+
2,563,917,914
9.8
,
6.6
+
Federal Reserve Districts
Cleveland
48,682,382
+ 12.0
,+
61,415.587,455
.186 Cities *£
append, another table showing
1st
1,892,478,443
*
992,294,910
1,657,634,044. :'
1,295,196,766
:
1,218,664,178 ;
4,482,193,392
v
26,248,669,966
:•—-u
Outside N. Y. City—-
1,446,586,672
.
2,680,599,571
————19
12th San Francisco
4th
December and the twelve
months ended with December in each of the last four
years is shown in the subjoined statement.
'
1 ,
for
country
7
2,807,232.243
2,828,553,155
1,290,558,487
3.0
8th.-St.. Louis
-
T
7.3
4,552,268,090
1,588,058,858
1,112,305,285
1,766,650,497
"1,421,455,210
24,943,882,698
3,176,627,064
3,015,563,051
.
*
1,984,942,141?
20,239,008.329
1,803,187.938
,
T"
2.2
"
9th*Minneapolls „»»———16
10th Kansas City
16
We
+
16
11th Dallas
<
-,T+T7.9
3,190,499,918
.—31
+»,
3d
377,563,575 263,074,018 278,741,765 125,685,298
The course of bank
T
1942
1943
..
8.5
3,390,082,469 */
>
"
8
————
—
+
.
2,989,705,303
"
17 1 ° VT;
Atlanta
7th
7,589,297
—
33,553,559
35,051,545
.'March'
1st
—
7:
Inc. or
Dec:w
.
2,077,513,891
2,253,331,559
36,023,961,848
v
29,507,254
February
In the Chicago Re¬
the
larger by
The Cleve¬
.
'•
...
w,
of 7,3%.
decrease of 3.0% but in the St. '
a
Francisco Reserve District of 4.5%.
District
Reserve
York
Federal Reserve Districts
$2,694,704,000
New York Stock Exchange for the
to 1945 is
District there is
serve
106,153,160 7.^103,825,200
$141,430,700 $266,532,300 $2,261,985,110
—
the Kich~r
the Philadelphia Reserve District by 6.3%.
$2,585,055,100
1st
Total
loss of 2.5%, but
Minneapolis Reserve District of 12.0%.
In the Kan¬
City Reserve District the totals show a gain of 6.6%,
in the Dallas Reserve District of 9.8 % and in the Sari
New
Month of December-
V'bond°sV———-
Atlanta Reserve District
body of clearinghouses of 11.7%,
of clearings
aggregate
587,455 and the 1944 aggregate
377,563,575
;;<'T
^ bonds-.?-™
1945
a
mond Reserve* District enjoys a gain of 2.2% and the
17.9%, in the. Boston Reserve District by-8.5% and in
.
34,150,731
-
increase for the entire
and 1944
V;K
*
follow:j
land Reserve District suffers
clearings for
For that month there was an
the month of December.
the New York
on
'
.■Outside: N. YTClty———
not available.
tDue to strike, figures
273,675,469,988
I
,
BANK
CLEARINGS
AT LEADING CITIES IN DECEMBER
FOR
i000,000
4
The
YEARS
Month of December—
1945
1944
1943
1942
1945
1942
York_$35,166$29,724$24,105$19,506$334,432$286,348$248,559$192,939
2,591
2,406 - 2,217
1,965 27,279 25,710-23,622 21,194
Boston
1,934
1,783
1,533
1,704
19,589
18,288
17,767
16,517
Philadelphia 3,235
3,038
3,043
2,663 34,710 33,028 32,515 28,879
St.
Louis
917
823
819
720
9,723
9,317
8,627 v 7,229
Pittsburgh1,073
1,224
1,234
1,152 12,978 13,469 12,623 11,166
San Fran.1,504
1,416
1,268
1,186 15,743 14,834 13,267 11,336
Baltimore736
741
690
638
8,315
7,921 T 7,543
6,346
Cincinnati583
567
497
481
6,305
5,860
5,412
4,875
Kansas City
915
866
895
782
10,856 10,065
9,801
7,924
Cleveland—
1,046
1,013
1,024
974
11,529
11,239 10,784
9,380
Minneapolis
733
648
689
551
8,196
7,366
7,056
5,404
N
Orleans
424
397
413
350
4,664
4,571
4,333
3,462
Detroit
1,173
1,579
1,607
1,458
16,462 19,071 17,458 13,397
LouisivlleZ374
353
345
304
4,027
3,742
3,501
2,998
Omaha
334
319
348*
285
3,968
3,735
3,707
2,652
Providence93
98
81
82
981
902
866
844
Milwaukee197
178
155
146
1,945
1,878
1,734
1,543
Buffalo
275
282
289
255
3,343
3,386
3,074
2,678
St
Paul ~
252
233
244
205
2,628
2,491
2,412
2,037
Denver
315
267
290
224
3,299
2,973
2,812
2,301
Ind'polis
162
148
144
129
1,678
1,557
1,553
1,439
Richmond412
441
361
334
4,518
4,178
3,861
3,328
Memphis
282
256
221
195
2,619
2,450
2,239
2,030
Seattle
406
430
389
381
4,763
4,624
4,592
3,890
Salt L. City
164
116
152
137
1,562
1,454
1,445
1,239
Hartford—
*">
84
80
870
832
800
753
omitted)
following compilation
covers
MONTHLY
-Clearings,
New
Chicago
•
Months—.
,
—
since Jan. 1,1945 and 1944:
the clearings by months
Jan. 1 to Dec. 31
1944
; 1943
<
CLEARINGS
-Clearings Outside New York¬
Total All1944
vT
Dec.
•
■
January———X—n
53,667,928,932
February
46.102,505,138
43,591,816,956
48,613,171,624
45,405,094,471
;
Ma rch-_.ii—
ist
V
52,692,249,110
quarter-
151,765,272,513
April.
46,955,490,954
51,713,728,303
MayJune
"J
^
%
•
i
+
42,393,390,887
42,945,255,964
50,687,731,217
59,341,864,091
4.2
8.4
+
24,724.776,875
5;:f
i
21,177,844,835
"
'24,992,691,751;
H
.22,997,931,928
£
23,977,244,397
21,339,404^67.
26,180,401,308
24,020,076,577
:
/-T:
73,155,577,633
12.9
V144,050,891,094
134,816,171,354
July
50,505,218,571
47,480,106,025
+
6.4
23,134,342,130
46,705,357,260
44,225,312,337
+
5.6
22,479,509,755
22,140,^48,880
3.2
jV 22,232,478,292
22,615,211,289
■September
i
t
45,908,538,888
^
;,+
137,613,957,250
47,365,675,840
3rd
quarter.
:i 144,576,251,671
55,379 49,421 43,137 36,888 556,982 501,289 451,963
Other cities
6,036
5,574
5,180
4,540
63,973
4,010
53,460
Total
all— 61,415
Guo. N.x.c;.
to,*16
54,995 48,307 41,428 620,955 560,024
2o,2tl
21,212
21,£>22 286,523
Nine months.
+
5.1
411,947,829,036
+
10.3
454,352,607,534
October
;.+/,
November——
;
,T
December
,
'
,
67,194,114,774
"i.+
,v
1.5
—
1.7
1.0
+ 16.8
24,155.221,503
9.4
r;'
+3.1
+11.7
24,222,010,231
26J243.669.966
22,904,196,369
23,489,543,797
25,271,443,693
'•:•;
+
3.9
148,076,640,801
+ 12.5
74,625,901,700
71,665,183,859
+
4.1 ■■
560,024,469,837
+ 10.7
273,675,469,988
+
54,995,657,861
+
.
-
+. 4.9
!:
v +
/
5.5
'
4th quarter—
T•'
166,603,169,100
v.;
505",423 413,405
273,675 220,465 189,885
•
3.1
•::-; +
-
202,010,286,129
45,535,009,073
47,545,973,867
61,415,587,455
367,604
45,801
•
•
'•
10.6;
+
i•'>':?
9.4
+
+
211,897,221,271
v
53,195,354,398
51,992,227,249
67,846,330,177
i
9.ill.
';-•+
+
22,437.954,605
August
.
9.8
+
;
67,219,397,631
16.2
*
7.7
+
»;s
7.1
+
"
_
—
•■.;
+ 20.4
4,9
+
.
21,359.916,087
-
Total
,6Ai
67,596,773.723
T
+
136,026,637,068
:
158,011,083,350
0.5
—
23,497,285,956
274,333,871,786
quarter——
Six months.
•'+13.3?
21,290,328,895
.
309,776,355,863
2nd
-
Inc. or.
'
:
+
-
T
22,809,158,872:
.
70,895,313,461
+ 10.8
i
j
Dec. %]
9.7'
+
'
.
+16.4
138,307,493,718
~
.
%
1944
1945
Inc, or
Twelve months
620,955,776,634
;
286,523,122,971
■
.
V-
: 4.7
:
We now add our
Clearings
at—
detailed statement showing the figures for each city for
.A.
,
V
.
-JanVltoDec. 31-
Portland
/
18,735,255
I 16,900,756
1,783,333,711
1,934,698,286 ."A
/■'AA 5,291,610
5,858,738
2,526,033
i
3,339,542
—
—ariston
+
'
'
VA/AA1 3,444,698
v
6,405,212
/AAAA.' 21,307,303
26,478,353
7 * ; 16,755,200
20,079,940
*
A
2,783,243
Springfield
J.
.*
Worcester
:■ +
-
......—.—
———
Haven
New
—
Waterbury
.
ft.' 1.—Providence
H.—Manchester
M,
+ 19.8
•
total
CltleS)
(14
5,232,824
2,253380,236
—
V.—Albany.
Buffalo
A Elmira.
.....;—..—'
Jamestown
York
New
'
Rochester
Syracuse.
-
•
27,523,879
•
981,836,600
37,143,646
8,5
22,805,795,448
21,268,459.948
J.—Montclalr
N.
+
883,594,886
92,841,262
668,031,780
3,386,957,275
58,180,210
Oranges
Total (14 cities)..——-—.
.
—
8.8
58,609,259
18.3
+
7.2
+
5.7
+
38.8
+
65,826,100
334,432,653,663
;
702,618,963
360,876,033
77,080,581
,1423,623,237'
25,313,528
1,548,857,023
A 2,087,151,467
59,017,420
5.6
+
7.9
Altoona:*».——+--
+
•
5.3
+
1.8
+
.
26.9
+
h
2,277,939
AA 146,870,815
A 198,090,123
5,117,063
'
:
17.7
2,625,728
—19.0
17,510,039
9,709,748
/'•
14,805,065
•.'x-'*. 9,154,128
(
'
3,175,643
Norrlstown
//-
........
—
.—
3,235,000,000
9,342,521
15,444,386
A
7,408,740
AAA 8,703,475
....
'
*—
...
Wllkes-Barre
i—...
.
•
.............
Du Bois
AAA
........——
Hazleton
A
0el.—'Wilmington
,
——-
Fourth Fedcral Reserve
Ohio—Canton
1
—.—,1^....——•
A Columbus • •*,*—i-.-—--—-—
Hamilton
21.5
'
'
34,455,300
+
7.6
3,190,499,918
+
6.3
36,290,499,783
18,563,485
-567,511,753
1,013,847,795
84,487,400
3,205.465
+
9.6
:+
2.9
K+
3.2
t
-
v
+ 42.2
-
+19.4
8.3
—
,
*
'
4
2,088,770
.
13,294,697
•
14,013,654
Toledo
'
48,082,561
1,676,710
...—
:
-U*--—-
■
,
'
r
——
•
582,830
A
376,549,334
1,487,561
1.4
66,043,000
1,218,061
•
2.0
—
+ 25.2
8,134,152
6,417,240
5,623,991
+ 23.2
1,230,465
.
+ 21.4
.
5,065,450,323
+ 13.2
;
+ 35.7
A;,
12,496,711-
2,091,874
56,800,000
1,371,367
1,037,993
4,201;634,995
11,911,701
5,972,977
5,911,536
7,716,853
' :v:
A
7,721.742,932'
429,008
7.1 ?"A
24,201,402
36,180,049
5,375,984
542,301
26,458,448
32,165,399
5,228,049,721
4,351,718,838
515,508
1,060,030
605,154
.
+ 42.4
:
30,106,712.
+
428,328
41,354,553
5.5
A 6,819,921,052
A-a +13.2
+ 50.4
723,997
—12.9
1,132,989
0.8
902,079
A
' 43,629,375
;
+ 20.0
—
A;
1,855,509
+12.6
*
.—
(Ey.—Lexington
Wi Va.—Wheeling
1,130,543
714,668
1,297,345
751,439
757,221
2Tl2f,854
1.7^79,465
9.2
8.Q
+
r+~i3~.i
l7639*,00T
1
"407,513
9.0
;+
5.1
■.+
5.5
+
2.2
9.1
;
+
603,000,000
1,629,292
1,413,240
+ 23.6
2,602,390
+
2,875,638
1,581,912
2,054,419
+ 32.2
9,071,600
4,573,400
5.8
624,610,927
587,549,283
A1,663.787
+
572,000,000
5.4
+ 62.2
+
689,000,000
3,212,394
•
,
1,980,158
2,976,049
1,582,306
1,868,665
726,000,000
+ 15.1
87,785,883'
155,641,158
87,071,423
92,697,296
20,273,608
9,115,434
—
4.7
k
v
3,677,553
•
;
A 2,639,535
+
5.1
41.3
1,361,237
2,021,011
+ 24.9
+
13.0
1.3
+
5.0
—
3,873,900
2,930,300
746,149,633
704,986,177
+
+ 21.6
34,551,834,423
+
5.0
212,328,393
5,860,486,433
11,239,266,654
+
7.2
4,891,747
i 4,024,375
+
7.6
129,387,779
119,488,464
+
8.3
3,726,158
105,112,210
+ -2.6
217,862,350
208,838,155
•f
4.3
211,840,515
99,716,613
193,292,469
920,734;100
+
5.0
18,382,400
16,321,600
+
12.6
.16,691,800
15,334,400
43,663,183
+
2.9
'
.
"
3,234,484
4,346,784
2,236,529
+ 44.6
2,037,510
3,380,262
+ 28.6
3,409,972
245,323,794
248,284,546
A- 1.2
229,427,336
210,609,601
24,852.608
——
■r?
13.779,631
2,989,705,808
cities)!
.
,
?
+44.0
!
9.1
+
33;736,117;047
r-'2.5'
3,065,883,732
623,429,338
602,573,931
1.8
572,245,501
527.111,294
+
,
.
9.9
—
27030,293
3,240,696
•
3.5
0.6
A— 4.2
—
3.6
;
2.1
—
2.5
+
A 117,146,180
+ 31.8
'-•+
7.5
+
131,652,208;
A
2,879,222
+ 12.7
"i-
186,838,-013
-
■
16.9
+
116,431,788
•18,597,286
10,073,800
13,469,223,094
v 1159,753,370
9,653,733
'
:
;
+18.6
18,554,516
119,595,080
195,677,444
,521,976,984
12,978,668,219
156,481,369
191,525,111
J
154,358,574
,141,468,515
'
A
;
18,493,472
J
—16.1
12,634,312
>
A
131,190,548
•;'
+18.1
:
:,
22,010,453
139,833,925
-503,592,857
—12.3
12,934,267
18,778,568
17,263,171
v
A?
:
+ 0.5
:"r^- 3.1:
1,224,264,021
t
A.
215,025,524
15.6
'.2.1'
| K-' 851,513-
'
——
+11.3
+
.
:
44,923,331
+21.8
\
12,121,915
47,089,421
•
—
-
City
®
1,074,628
+ 11.1
39,947,134
966,723,500
,
V
+ 29.6
•
1,668,315
*'825,000
1,073,133,812
s
15,274,014
ii; 15,761,504
,*—-
Total' (17
377,040,251
'
5.2
+
291,840,805
302,110,618
6,305,149,014
11,529,428,461
t +11.6
10,916,430
17,890,392
>
19,907,204
>
—
,
227,590,441
•
1
-
.
-.
Fa.—Beaver Co.
:
21,216,095
11,385,146
C
45,143,540
295,776,677
287,004,000
.
Newark....——
Erie
+ 19.1
+ 13.4
5.8
+
;
33,028,000,000
r
101,141,541
7.5
/
20,344,349
583,777,093
1,046.463,000
;
94,275,500
\
f
4,155,201
Mansfield A,-,--.-—---—--—-
^ YoungBtown
Oil
679,347
6,647,480,196
A
•
13,948,660
6,997,391
+ 13.1
—
36,154,966
88,963,386
r
-
Pittsburgh
.
9.8
—
149,822,081
97,452,067
30,300,763
"
»164,256,838
6.5
+
9,412,759
1,857,838
766,145
3,754,397
"J 29,771,556
31,622,794
,
43,108,435
+13.9
'
'
t
3.390,082,469
--.-.'i'.,.—-
Greensburg
16,151,900
''.A■
+41,6
3,163,200
District—Cleveland-
—
Cincinnati
•
P 295,634,593,622
6.5
+
48,889,958
+17.1
■
; 9,441,536
,
37,072,600
,
—...
Total (17 cities)
a
16,076,600
+10.7
•
•
.
9,871,813
610,697
32,240,862
A
+ 16.4
,
105,288,757
33,664,070
-
17.2
+
7,981,392
27,306,993
•V, J.—Trenton.
A Lorain
A::/-;
A A
+ 11.5
+
39,403,141
34,710,000,000
i A
101,040,266
+
13,560,487
>
6.1
+
'
1,089,565
4,484,114
-
Cleveland
A'"
7,349,767
5
AAA A
..
+.2.2
40,861,898
163,530,602
+14.0
4,057,833
2,785,330
3,462,513
3,038,000,000
HarnsDurg
Pottsville
■
aa:
+>5.1'.
22,698,452
-
46,058,467
f
+18.3
Lebanon
York
4.1
+15.9
2,041,869,540
53,731,715
35,765,359
—21.9
•
3,271,743
'
As
+
•'
1,454,119,535
344,161,378,712
-
+ 10.1
4,626,985
; 4,038,759
2,890,646
/
.
..
Scrancon
9.9
+
346,546,286
66,510,279
403,098,134
'
•:
.
'
Philadelphia
Reading
13,938,747
5,729,880
V,
28.7
+
1,695,688
60,246,000
1,138,290
1,040,635
1,115,879
1,302,528
7,537,356,908
■AiA, 15,793,828
9,492,131
.
+16.8
639,517,153
".
4.6
8,821,403
2,089,508
59,418,000
0.7
+
;'
286,348,999,849
.
+17.9
30,556,334,640
3,614,423
Lancaster
A
•
1
■
2,928,391
16,607,460
6,478,675
+ 29.4
424,423,491
'
% 36,023,961,848
Bethlehem
Chester
+
62,940,148"
■
+
1
•
1,115,752
4,486,594
Reserve District—Philadelphia—
Federal
Third
~494", 418
A
1,421,084
4,694,294
+ 15.1
20,480,100
776,240
1.3
5,781,602
33,583,000
■■/'< 154,692,355
A'*
~52¥,166
1.9
3,665,554
22,665,200
1,099,448
638,112
4,066,172
325,260,677
921,052
+ 15.9
—
17,742,886
505,437,022
>
...
"+~13~8
,
6,500,294
+ 14.1
3,343,315,290
29,724,214,168
;
62,451,333
A
30,730,140
J,201,596,487
—
6,023,429
N.
Northern
544,928
1,608,234
$
807,122
3,227,006
322,382,575
1,212,531
+ 23.8
4,829,695
8,368,751
A
,
0.3
+19.9
.
1943
$
+
361,737,795
1,151,359
•
1944
6.2
—
3,929,268
;
•
Dec. %
.
1,457,138
20,427,589
+ 32.3
81,393,266
2.4
5,254,594
6,153,404
%
36,234,268
2,891,338
-—
Newark
'
A
A
620,373
1,577,086
.
,
7.2
+
$
' 4,744,791'
,
•
A
,+17.7 '-:
:A;A'
Inc. or
5,599,745
,
A?
8.8
+
,
21.5
+ 13.2
—
; 8,023,990
»
'"'A.
.....—
■
+3.6
,
902,829,000
43,712,066
+
7,178,473
82,492,233:
»
—
..........
...
■
•
■
Ctica
.
+11.3 :>A':
^+14.4
322,425,507" A A'A+12.2:AA
f+ 4.2
'
90,661,900
5.2
282,050,350
.
Conn.—Stamford
.
;
1,356,780
3,940,382
433,611,523
1,425,354
'
46,581,636
52,709,429
■
'
.
67,958,909
>':A + 7.5
■
234,064,802 -A :AA +10.3
'
+18.5 A"-v'i;
152,861,456
832,583,561
:;:V.-A+?4.5A;A^
94,488,900
+ 13.2
,
1945
York-
8,724,942
275,411,000
4,791,377
6,500,424
35,166,917,489
66,953,087
^
.........
:•>A
A
+16.1 >■?■■
.
55,202,962
A
A
•■.AA
v". A"-*-' 3.5
■'■*+ '■ 7.1
26,960,157
+ 23.3
•'—
2,077,513,891
-
Blnghamton
•
+ 35.8
4,245,513
,
Second Federal Reserve District—New
it,
+ 10.6
75,383,865
83,361,129
28,652,823
' A
38,906,112
8,742,600
AAA 9,893,700
A;: AAAA:
98,324,200/
./• 93,177,200
.............
:
+ 24.3
'
Conn.-r—Hartford
8.3
A;
61,444,007
30,831,752
28,400,110
73,043,501
258,105,721
181,194,390
870,180,672
361,774,827
.
—19.2
:■<
6,936,263
Bedford
New
'
10.7
+ 32.2
1946
or
Dec. %
$
184,006,330
18,288,156,142
19,589,725,425
8.5
+
•
Holyoke
9.8
Inc.
46,081,697
53,498,143
177,559,334
+ 33.6
—
:
Fall River
A-:-
Deo. %
years
-Week Ended Jan. 12
1944
1945
Inc. or
1944
1945
v
V ■■■•
-'A.:; AAA -AA A'AA?A'' /AA AA/AA/'?AA"
® AAV-AA''-AAA'AA$
4,365,868
Me.—Bangor..,..,.
——.——
5,834,150
I^P
351
the month of December and the week ended Jan. 12 for four
•Month of December-
Federal Reserve District—Boston—
First
■
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 445.7
163
Volume
1.2
33,340,998,527
+
Fifth Federal Restrve
y
A 6,288,625
1,483,553,531
1,451,433,907
+
A • ;
68,065,538 ;>A
A A: 191,488,327 AAC
+
211,931,368
763,000,000
Av 742,300,000
«u.
fa.—Norfolk
Richmond r j.
c.—Charleston j —
Columbia
lid.—Baltimore
'>•
—
.......
Frederick-
■;
O.
0.—Washington
....
Totil (8 cities).
ilxth Federal
.————
Ta.—Atlanta
:
5-
.Augusta
Columbus
-***—•:
11,305,896
Tampa'<
w-*.
Ala.—Birmingham
>5 Mobile ■
A
201,798,351
A 8,315,468,297
V
30,434,550
2,499,266,709
+
A..16,135,473,621
2.2
•
-
,.
14,937,431,258
A
AA
104,631,783
•
A
17,189,468
3,147,000
1,521,578
A —10.9
397,536,919
.,>A+: 6.7
'
,
A 424,246,939
La^-Ncw Orleans
.
'"
3,663,790 '
;
•
,
•
;
■
A ."* 4,664,879,617^
+
96,148.207
.
A
+
A
A
164,325,698
A 2,674,917
1,024,354
1,271,746
6,331,000
5,528,000
iAA 75,119,555
+23-7 A; AAjAA 2,259.634
165,290,837
•••
13970977766
;
2,478,018
'•
148,767,363
A:
;;
+ 10.5
152,572,773
7.1
:
•
•
8.0
58,506,884
•
322,269,633
A;,
A
A
.42,451,604
.
;
284,769,346 A
•
A,
,
43,395,597
37(03?, 3 36
280,950,305
+ 37.8
^
.250,453,311
.
"
+ 13.2,
V/v?
+15,3
13,038,503
+
5.4
; +
8.4
46,937,717
173,500,000
—15.6
15,439,867
41,872,405
155,700,000
-
.
A:"A++';'0;T'
+ 10.6
'
3,135,026
'+■; 2,628,477
+ 19.3
-2,320,112
62,077,964
2,655,554
"59,088,169
"—12.6
2,082,521
5.1
46,809,028
•597633,760
TT2
5,628,225
—13.7
49,664,843
4,945,158
+
8,9
65™123,836
—
1.8
f
+
-
-
>
+
-115,000,000
2,206,397
*1,900,000
42,762,439
8,8
'
A '••A.
+11.4
9.0
+
-
;
9,386,896
35,460,763
12,634,481
:
+12.1
35,538.358
130,100,000
2,323,141
+ 5.2
+12.0
r
—
4,859,713
,
3772~6~l7537
5,334,252
1.5
;A +31.6
+ 16.8
A
289,133
275,494
95,922,361
77,571,680
i{
+ 13.8
282,168 :
+
2.2
320,102
+
2.0
101,677,325
90,819,937
+ 12.0
+. 7.3
472,990,298
433,748,562
TTo
934,961
792,738
+ 17.9
6j5"8,561
5,925,933
"+"1*5.7
6,103,338
572T37I73,
4,689,713
"+"~3".0
4,¥67,878
476757745
,
'
4,571,636,807
•
■
A ■•'
5.0
+ 18.9
-36,345,198
14,256,869
14,570,380 A
r
.,
"
3.308,372
+ 11.8
:+
A 156,880,000
A
177,292;318
—
AA-:-. 1.355,950 A'>:-
..
2,531,989,337
'.178,517,278
2,869,134,591
249,799,722.
-
;
154,561,000
3.4 A ;>A'
"
■A +37.9 :
233,293,531
42,434,943
A i:::- +16.4 i' A- A
14,496,000
.
IA; 23,703,469
■JU te
Vicksburg
8,427,260
••
,
+ 38.1
i
129,884,762
109,048,498
"108,949,348
■
.
U/^'A
+10.0
'
7,629,200,000
»
253,738,984
22,845,349.
,
13,998,000
Meridian
-
■
A
-.A.
;
-613,302,398 /
—
235,846,372 AA"
••/
A: 11,639,135
Jackson
.
.
'*1
8.1
•
I.
..V:
.
6.3
+
2,030,342,711
;
j
\ ' Vf; 14,128,184
20,468,334
————
Montgomery
:
11,621,214..
•,■
707,438,873
3.1
10.7
2,140,405,308 A
+ 2.8
>A; 8,273,512,993 AA
136,585,153
•
.-+A3.4'./,.
+ 3.2
122,095,750
8.6
108,239,036
2,801,046,888
+11.6,
+ 36.4
194,596,370
+.14.7/. 'AA 3.124,725,823
—10.4
245,207,850 A A
+
-:+
4,178,650,538
115,342,156
•180,464,962
7,921,604,678
?
28,424,316
2,101,912,819;
126,907,121
A A
/
'+26.7 A
1,868,949 A AA/-A 1,474,541-/;
>-7,450,000 ;.A- ! A 6,744,000 A ; +10.5
; A + 5.0
86,809,730 -A -A 82,656,921
+ 15.9
.68,306,789
V. 342,725,000
4,518,251,917
; '
■m:
25.2v,;
2,301,162
204,581,067
10,625,807
A 263,121,075
19,272,951
291,087,919
Miss.—Hattiesburg
;.S;
+ 27.7 A
741,702,814
'
?
•A- 2.2 A;
16,598,346
79,153,676
364,193,000
;
—
13,194,140 i AA /AA 13,652,184 A
11,965,707
A;
11,591,231
:■••
——
V. Macon
.*——+..*>*—-i—Fla.—Jacksonville
; ■'
mm*
6.6
A -.'++
70,191,988
V
—-
-
+21.5
:
27,058,000
441,597,997
.
Risefvi Dlstrict-
Tenn.—Knoxville
•Nashville
'
7,639,340
35,951,000
412,377,807
11,054,390
21,200,029
736,475,716
2,673,167
256,182,082
•
At,- Va.—Huntington
f
(1« cities)
Total
2,153,466,552
.
A..
2,007,595,608 AA A Ai|+ ' 7.3
A
23,068,225,298
..
.
•21,302,728,044
•k
380,309,024"
327,159,458
eventh -Federal Reserve;
ih —Ann
■
A
Arbor
3,968,701 '
r-
1,173,582,121
10,607,683 '
29,886,250
letrolt ■"
■•
lint
w----——
irand Rapids
ackson
—i——
■
•
anslng
,
A A
7,123,084
luskegon
A
6,018,552
City?
Wayne >*~
A A 17(10.9,650.
A
30,737,734
—Ft.
A
iry
'
■
Bend
irre
Haute
.
;c
—
17,864.097
"
--U.u
—Madison
lwaukee
hkosh
^
.
49,349,621
12,430,175 1'
197,764,989 '•
::
2,757,176
A'
itertown
initowoc
is
Moines
City
dux
nes.
•
.......
......j
-2
A.
icatur
.v_——.
■
oria
ickford-
•ingfleld.
rung..—
Total (3.1 cities).
.
3.245.558
12,170,803
85,150,290
A A 36,301,512
1,213,552
13,552,528
4,552,268,090
6.6 a
A
"-A
+
•
A-
;
;
+14.4
+94 1
+20.7 A A'
A
•
:
:
A
:•
:
:+
;
"986,302
,
A
4,690,765,859
•
.:
•
" +.18.5
A+21,9
4. A8.8":V;
A:';—:3.0;
2.4
+
+
6.7
—
;
+17.0
3,089,696
2,955,572
29789~5"000
3673HOOO
11,453,078
+15.1
+16.5
+11.2
37,635,789
+ 22.0
2,204,339
15,239,997
7,621,856
+ 31.1
3,775,404
3,227,436
39~095,000
33,962,000
3,317,285
9.4
-'7.8
1.4
+ 25.1
-
"f-
3,864,177
10,175,788
;
Ai
3,526,915
3,446,510
7,701,753
8,721,510
35,99h696
33,¥937753
2,355,991
14,490,992
7,254,252
1,717,375
'l1,271,886
6,280,903
553,169
464,402,483
.430,636,465
+ 14.3
45"9_187l90
+13.9
—
9.1
%—3.5
+
8.8
+ 10.1
+ 12.5
2,837,989
19,217,313
9,988,644
.
+ 28.7"
+26.1
-
+ 10.9
40,162,273
+
+10,7.
25,710,197,455
120,191,610
334,450,966
122,845,034
102,810,171
+
6.1
111,869,158
372,220,283
131,548,000
116,444,357
1.4
+ V1.1
32,736,659
11,437,122 ;
9,151,898
5.2
+
A
■
8,^77,848
'
9,372,835
863,510,037
—
6.9
;12,295,?22
10,844,061
+ 13;4
52,419,340,783
0:9
l+ 25.4
.
589,010
5.8
.29.419,448
+35.4 A
—
3.6
113,704,679
784,084,262
369,033,940
11,841,840
415,053,735
13,120,882
42.218,437
601,681 v
3.2
6.5
+
,28.382.433
*
V
+10.7
+
—
+
123,671,052
+21.8
/
+ 20.3
31,678,933
50,198,448
.A-'-
+28.2
+ 12.4
—13.7
1,878,311,298
;
....
;■•":•
50,988,856
208,590,733
88,391,516
50,769,725
166,198,616
; 303,603.788
1,557,007,465
205,104,698
445,753,588
110,683,632
.
1,945,123,372
.33,520,300
57,197,006
^ 8,522,203
7.0
+ 25.6
896,509
:
•
126,561,378
+ 10.9
,
AA'
2,524,135
2,406,166,961
>
"
+ 21.2
•r
■
li,156,183
'1,073,495
0.5
+
S.d/wssq
,
33,109,326
i
195,120,110
A
83,806,994
A,
51,973,096
177,343.013
332,000,055
1,678,566,476
A
202,252,018
.557,760,012
9.0
+
.„
29,800,078
:
4.312.106
A
+
,
284,905,613
52,623,035
»
—14.1
8,293,915 A
AA.; +2Q.2 '
5,008,666
+12.4 :A15,225,377
26,666,392
•:AA'+15.3 A:
10,084,155
66,401,089
A"
3,164,954
2,591,299,807
8,795,640
:
6.3
.
2.610.295
A
'
-Aurora
oomington
ilcago
"
.
^.
Rapids.!.-^
■Cedar
5,545,860
A
857,415
33,267,692
19,071,596,270
91,665,942
•
•A A —18.5 A
2.964,688
4,416,422
'
749,340
"
ebovgan
;.A •' +13.7
:
178,324,116
A
.
,
AA
:
"+31.0'
148,793,465
A: '• "17,774,775
/. 46,313,785
10,258,382
"•
162.2^5,722
dlanapolis
nth
4,821,309
18.782,446
.
A 15,307,641 A
37,393,681
16,462,970,864
110,248,757
'A'A.A 315,301,223
'
m;, —25.7
8,097,333
26,295,431
A A
A-.A 4,515,865
A-t +6.1
3,738.933
1,570.328,574
,
A A:
27,279,588,024
.51,9.7?,257,276;
5.1
+ 11.3
+A7.1
+ 13.3
,815,414
572,519,462
2.271,157
8,428,167
3,042,222
2,473,096
736,947,229
J
""596"liS
+
36.8
532,319,022
+
7.6
2,195,169
+
8,520,602
2,477,630
—
A
3.5
1.1
•
:
2,086,609
674,265,354
;
481,468
1,567,402
1,898,218
5,955,822
5,641,498
'
2,483,122
+ 22.8'
+ 18.5
+
9.3
:
1,925,002
593,097,008
-
2,066,631
1,927,400
551,400,301
<
THE COMMERCIAL & FINANCIAL CHRONICLE
*
'
•
V.
VV-vV'.
'
Vi-VVVV
1945
GMarinfm at—
Inc. or
:V
1944
'
v
_
Mo.—St.
Louis
Girardeau
Cape
.+11.4
823,203,888
6,210,190
761,471
353,959,677
.
966,635
,
374,000.010
*y .—Louisville
_—
Fenn.—Memphis —
IL.—Jacksonville
5,297,539
Iff
Total (7 cities
Dec. Vt>
.
...
1944
:;
$
4.9
V+
9.8
/
;
8
166.800,000
141,200,000
X
83,526,895
79.018,625
5.7
74,353,629
59,224,225
,|:i 53,686,300
68,674,848
6.9
+ 10.3
47,582,107
43,750,109
1,041,812
"717
I729",000
827,000
301,746,737
+10.6
289,864,736
254,451,957
+ 39.3
4,337,128
147,096,478 1 7"
3,800,378
115,840,275
+
,
+
+ 23.0
/
+
5.6
+
1,226,012
3.8
+
59,336,725
• -
5.3
+
9.6
15/652,439,316 •/
•;
1943
V;
,•;':/+. 7.6
7,635,610
; 16,523,154.297
.
+ 13.0
,
';v+
6.5
10,280,109
2,450,131,090
168,000,000
189,800,000
4.4
+
65,534,450
3,742,336,617
2,619,917,061
9,389,583
61,588,898
+ 33.7
5,572,225
1,446,586,672
■V.
.+
4,027,814.182
//;
:>:+io.3
-
9,317,184,715
10.823,417
5.7
1,588,058,838
ttfumey
or
Dec. %
.:y.
.'.•>{
V'. *
69.806,284
+ 34.0
721,926
,
—
;
9,723,814.872
-:+12.8
256,192,295
282,701,893
i
965,305
'
V
•.I'.'!
■
Independence
r
—Week Ended Jan. 121945
Inc,or
,v
917,123,320
.-S'1 7,004,156
v
|.
Inc.
,1944
1944,
Dec. ft
V.<-
fi|kth Federal Reserve District—St, Loots— v
Monday, January 21, 1946
-Jan. 1 to Dec. 31-
-Month of December-
-
'
s
Federal Reserve District—MlnoeapoHs—
Ninth
b
':.V"v- :;i
t
.
'
^
Minn.—Duluth
Rochester
6t.
i:733,594,262
3,205,220
252,350,854
2,983,088
Paul
2,514,287
•
-
"
-
Fergus Falls
233,402,154
2,649,059
18,908,723
2,645,000
2,291,665
B. D.—Aberdeen
.'Vi/V / 7,759,006
Sioux Falls ——-U—•—T——sr / r •
16,362,830:
Huron
'
% 1,777,925
Mont.—Billings
»
10,142,659
Forks
'+
'+
5,183,802
3,721,706
'
28,700,896
208,435,220
+11.3
+18.5
v
.
W.
2,628.484,727'
:::'•"+
2,491,714,748
30,709,230
29,268,909
7.4
6,607.825
5,946.620
189,737,340
195,700,098
4.2
31.484.900
31,006,000
*,+-10.2
27,783,502
27,986,647
;
..
4.9
62,892,696
^
5.5
+
144,435,220
y-'
47,675,450
+ 10.9
487857,470
427307,323
4,128,678
A "
+ 27.1
3.583,992
3,543,315
+ 50.6
1,458,320
1,218,380
5,058,105
5,537680
T
:
+ 11.1
—
'
3.1
+
;
1.5
■
—
.5,247,336
■
—
0.7
'
6,283,866
——
■
93,285,349
...
V?+22.5
17,192,922
+32.2
.
+ 20.1
77,557,131
; *
•
.
165.462,836
+35.5
■
7,674,060
—
+ 23.5
.
13,358,060
1,311,846
•
■'
148,590,279
'
v
96,453,746
,
-2.540.810
...
1,686,746
■
r
9.9
+
7''
f +24.2
77,675,390
,
..
•:
+114
15,640,850
;
2,426,188
;
1,735,946
*
'
Falls
Great
V.Helena
Lewistown
:
Hastings
82,619,496
•
.
/TV'
+ 10,7
74,666,635
246,058,036
272,113,896 -y...'
,+33.9
.
992,294,910
8,000,432
+ 31L8
1,167,535
yi/•/.•';i
V
+10.6-7
;
5,958,044" '
,
5,140,307
+ 15.9
.
+ 17.7
6,794,919
12,126,966,771
.//. +12.0
11,049,294,538
Omaha
19,25~3~8n
20,185,154
334,746,465 '
1,477,562 7
—
Kans.—Manhattan—
—
Kansas
City
St. Joseph
Carthage
1,069,932
-
—
K-,v:+ 4JR-
9.7
+
?/:
282,684,096
208,524,053
+35.6
*!
,
173,405,285
13,459,401
*
:
866,301,152
28,952,970
:
,
0.8
'+
.
4,290,166
5.6
+•
6.9
966,789 iM
;
78,996,118
68,996,118
M 3,213,238
6.2
+
8.7
+
8.0
'
,
+ 14.9
6,582,358
4,853,790
3,815,775
1.3
9,224,357
8,632,070.
6,987,340
5,376,091
7.9
241^344971
213^891^697
/-+■+. 1.7
191,899^411
i78^4l"£893
-9,088)004
7,806,309
8,593,950
5,959,641
2,609,572
1,211,358
1,068,486
1,014,504
!7432",847i;
17165,278
988,016
874,776
+13.2
10,065,283;973
332,857,709
•
.
—
44,991,41.4
11,456.064
+ 15.0
3,596,270
.+
161,891,949
' S|^3S4,'338,310.^
10,856,496,778
338,663,156
+10.7
5,295,005
12,922,347
.
.
50,952,548
;
,
196,380
+*"6.3
TV, 16,017,302
.
389,122,272
+25.4
i
//.
14,047,356
14,739,283 "
185,948,461 rC
V
+42.8+:
.
,
+12.5
;
/,
211)138,271
3,735,323,755
.
.
3,968,187,454
;
10,694,361
;;
224,478,872
Tv
—26.0
32,243,808
*:
;.
+26.5
■
1,468,310
'19,219,276
32,500,098
5,378,445
915,007,059
30,939,156
Topeka—.
Wichita
Mo.—Joplln
12,031,524
.
'•
4.8
+
-
319,369,609
1,168,330
-
.
? 1,086,267;
Parsons
+ 26.6
955,773
1,209,994
T.¬
——
Lincoln
;
T
615,422
■■
4.2
+
,
Tenth Federal Reserve District—Kansas City—
Neb.—Fremont
;A
'
.
.—1,112,305,285
(16 Citiesj
Total
27,034,541
v.,...
——
5.2
6,394,840
6,725,348
28,180,423
———824,355
'
.
'
—
+44.3
'.
<&.
••
'
:+11.2
2,762.000
2,550,654
—
—
"225,120,666
7,366,866,664
34,008,823
+ 12.6
17,010,531
—-—
„
■;&
8.1
•+
588,461
D.-Fargo
Grand
Mlnot
246,742,338
8,196,279,409
13.1
27.5
'
632,030
-i
—
...
+
V. +
648,421,583
-
Winona
m.
"
+ 21.3
19,723,541..
23,921,897
—,
Mi nneapolis
821,791,304
+
10,788,892
e
6.2
+
'
76,345,272
I; 6,565,624
Okla.—Tulsa
Colo.—Colorado
Springs
89,767,565
4,617,034
.
;
'+++l7.8-:-C' I:'.
"
—
;
267,622,800
315,281,657
—
Denver
5,638,536
/CHTfe;
56,284,467
+14.9
,
+ 11.0
2,973,400,455
'
r:
V '
t
'
.
.
■
./
54,612,927
:.//
26,378.699
+ 20.6
4,674,746'
2,521,780
"
—
+
64,686.564
3,299,325,563
■;
'
"
Pueblo
1—
Wyoming—Casper
+11.3
,"
'
+42.3-.':" ■J--:';
.
738,051,761.
<::£
+ 13.2
48,255,465
:
—10.8
29,534,49^/1
'
f
-.
1,657,634,044
.,766,650,497
T»tal fid cities)
■
•
6.6
.20,332,918,825
+24.9
V-v-T'w' 172.913,467
+
J
18,841,824,932
362,883,575
7.9
+
;
Eleventh Federal Reserve District—Dallas'
Texas—Austin''
14,658,455 T
18,301,612
9,629,511
661,452,567
—
""
Beaumont
'v Dallas *.4——-—
VC
v
,
—10.6
.139,941,486
111,634,557
+ 15.0
10,767,815
6,634,513,795
575,259,579 V
s
*
V
+ 23.6
,
+
+
/
+ 7D
.
104,301,753
5,982,491,163
•
(
4,658,424
+ 10.9
155,790,000
3,099,083
.
2,166,202
-
131,084,000.
95,370544
14.896.535
11,830981
2,900,000
*
'
2,902,000
•
El
.
Paso
73,312,206
54,687,336
68,124,800
16,073,000
15,317,000
59,452,832
—
'
Ft.
Worth
-
Galveston
*
1
T
—
Fort
3,740.232 V
Arthur
Wichita
Twelfth Federal Reserve District—San
'
Lake
.
.
'
._i———
&
—
.
.
—-----
—i
H.2
191,189,324
159,716,006
Barbara
1,827,665
7p,397,03.1
72,026,262
74,784,100
367459,199
297810,579
297197,756
9,889,912
36.827,631
12.071,984
7,430,924
>7,777,077
»v'r'y1
•
..
m
■
-
'
'
28,836,988.739
'TV
cities
will
not
submit
any
more
clearings
JNot
figures.
567.341,170
12,866.841,382
•11,453,486,474
5,329,434,474
cer¬
CERTIFIED
BY
JAN.
FEDERAL
11,
RESERVE
1946 TO' JAN.
17,
BANK
1946,
'
9,375,163.
'....'/
271,592,226 V
^
+ 23.6
+35.8
:
;/;-+
3,630,847
+ 12.3
5
,
V*
4,648.921
1,376,622
5,219,491
4,367,357
499,796,694
'
443,225,076
.
8,986,379,883
8,230,060,157/
3,920,929,560
+ 10.9
-
235,223.496!
5,084,201
1,895,050
.
8.8
Transacted
by Barnes
Monday, Dec. 31, 1945:
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
We give below a record for the week just passed:
RATES
v
4,038,425,162
Auction .Sales
now
world.
EXCHANGE
-
included in total.
Foreign Exchange Rates
FOREIGN
11.0
+ 13.0
4,806,006,278
Pursuant to the requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is
vv.
5,018.739
+
621,282,935
620,955,776.634
—
27.1
5,650,181
286,523,122,971
(186 cities)—
10.177,144
+
298,429,000
6,712,981' '
W
2.546,385 C
6.385.516
cities)
tThese
73,687,966
L„
3,458.384
27,104,781
—31.6
6,118,842
8.299,987
:
*
10,860,574
,
"
„
—
Outside New York——
\
130,936,616
95,000,320
331,397,000
IJtockton
♦Estimated.
1,353,452
f 5.881,293 V/;
,
1,504,838,570
...
Grand Total
1,855,095 "
/7,208.652
—37,194,599
:y
15,040,987
Francisco
(19
+
'
7,251,823
—
—
Jose
Total
+t8-2^
u
27,331,653
Beach
Modesto
V
2,276,516
+ 12.3
-
16,643,812
•'
Santa
13,457,831,898
;
"14,807,490
„
4—
San
/ 14,965,000,817
r
f
39,424.518
:
„———
San
76,539,177
31,300,151V.. V;
/280.497,062
'
■'
Pasadena
Riverside
)
'
164,669,516
4—-
City
Oallf.—Bakersfield
Long
,
-M ''I ■-+ 4.7':VTvv
1+22.6 V'.V ;
v
4,383,648
324.480,108
•
.
Berkeley
V
V
12,591,746
————
Ariz.—Phoenix
V
93,821.333
35,152,982
'
! 3,679,000 V/
+'+•;:
15,273,074
Ida.—Boise:-:4r444^--f4
Salt
9.8
,
303,371,938
.
17,576,732
'
V +11.6
4,253,431
'
Utah—-Ogden
+;/:+;
l,295y196,766 '*
V
;
46.037,919
:v--
;
2.1
r-
406.520,288
Yakima
."
4.8
—
;"*
0.5
—
-
;+ 5,359,701,892
+ 13.9
] + io.9
.'t.iVT
Francisco—
tv'V
———
Ore.—Eugene
Portland
v,/*+;+ i4.o
3,088,711
171,428,000
43.887.046
4.6
530,214,874+r£
735,378.441'
5,982,318,015
"
;
815,508,370
167.896.000
''
^
+ -5.3;+
29,083,354 *
+.
..421,455,210
Wash.—Belllngham
Seattle
'
-;eV'
.3,072,011
.^28,267,275
——.....
(11 cities* 44—
Total
512,575,068
3,575,059
7,459,589
8,506,221
Falls
Texarkana
La.—Shreveport
".'+• 4.9
-
A/.
539,647,743
Houston
603.983.314
8.7
+
"+,7.6
-
'•
TO
TREASURY
INCLUSIVE
•
UNDER
TARIFF
ACT
OF
950
:
Lofland,
Philadelphia
on/
Shares..r/,://V.' /' i
1930
:■/;+
&
■V'^N'-vV
,
'
STOCKS >/,:/;////'///- ^
Mining Company—
L-—i
Reliable Wood Products Company- —L—L—_
Amparo
70
—
$20 lot
1__— $100 lot
Noon Buying Rate for Cable Transfers in New York
Country and Monetary
;
Jan.II
Argentina, peso—
t
Official
——
—
Australia,
pound
Belgium,
—
Jan. 14
$
.297733®
'
.251247® v.
3.214113 :7
franc—
Value in United States Money
'7
,297733*
Free
.
Jan.12
.251247*
Jan, 15
3.214113
..297733*
.251247®
v
I
S
.297733®
.251247®
>
.251247*
3.214113
3.214113
Redemption Calls and Sinking Fund
Jan.17
"'Jan.16
7
.297733*
.297733®
Notices
.251247*
*
^
3.214113
3.214113
'
Official—
.060602®
.051802®;.;;
.909090
Official
V
.051802*
.051802®
.909090
.909090
.909090
.907578
.569800*
4.033750
.008410^
4.033750
.008410
.301215
.205800
.379327
preferred
.051802®
.909090
.301215
rupee,
Mexico, peso
Netherlands, guilder
.
.907500
.907500
.907812
.569800*
.569800®
4.033750
.569800*
4.033750
4.033750
.008410
.008410
.008410
.301215
.301215
.301215
.205800
.205800
,205800
.205800
.205800
.379327
.379327
.379327
.379327
.909090
.905000
pound
.909090
.905416
Union of South Africa, pound
3,227000
3.227000 ^
4,005000
—
4.005000
;
Noncontrolled
.909090
;909090
.909090
.905000
.905000
3.227000
4.005000
4.005000
V 4.005000
.
;
i:
-
TENDER
:
;
*
.
:
"
M.)
Pacific
Date
Public
Co.
Ry.,
Service
Page
189
67
§3192
Co.—
.905416
3.227000
.
.658300®
rate.
(A.
Central
.909090
,905000
,3.227000
.658300®-
.658300®
.658300®
.562900®
—
OF
7# cumulative pfd. stock_l_Feb
1
1st ref. mortgage bonds flue 1949_Feb 28
Howard Stores Corp., 5(4 % preferred stock———
Jan 21
Byers
.379327
3.227000
4.005000-
Uruguay,
peso—
Controlled—.
NOTICES
Company and Issue—
Kewanee
Official
a
common
:
.008410
.301215
and
'
dollar—
Newfoundland,
•Nominal
list of corporate bonds, notes,
stocks called for redemption,
Including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
.060602*
.051802®
.569800®
4.033750
(Metropolitan) franc—
New Zealand,
Below will be found
.022840
.060602®
.060602®
.051802®
.907968
.569800®
:
4.060602 *•
.909090
4
-.907500
Free
Colombia, peso—
England, pound-sterling
(British),
.022840
J .022840
'
.060602®
-—
Free_
France
.022840
•
:
Canada, dollar—
India
.022840
•w.'v
cruzeiro—
Brazil,
!
.022340
.562900®
.562900®
.562900®
4
.658300*
.562900*
•
-
6s,
series A,
due 1949
————-Jan
Oregon RR. & Navigation Co.—
1
:
4% consol. mortgage bonds due 1946—— —
24
Oregon Short Line RR.—
Consol. 1st mtge'. 5 ft bonds
due 1946——
§3193
*
.—Any time
; .658300*
.562900*
1st mortgage
International Utilities Corp., $3.50 preferred atock;
Jan 26
Mount Hope Bridge Corp., 1st mtge. 5s, due J969——_Mar 16
;
§2822
Any time
•§2822
Number.4457
Company and Issue—
Southern
Pacific
THE COMMERCIAL & FINANCIAL
CHRONICLE
ft'
:ft,
ft
Co.—
Page
/ft/ ft-ft'/Date
ZzZftZ./.'ft/ ft;/
ft
San Francisco Terminal,
1st mortgage bonds_^.j;_L—Feb
Company and Issue—
Texas
28
112
St.'Joseph & Grand Island Ry.-—
V-f;- • Yt&V, ''4'"'.'ft'ftV
1st mortgage 47c bonds due
1947„__»-„~-^.-------Any time
Tennessee Coal,''-Iron' & RR. Co.-—•
".ftftft ftftftftftft
-ft)
■
General
ft,
ft" Z V ■
mortgage
'"ftft ''
■
bonds
due
1951,.,.,.,..,
-,■■■
ft Z-Ai ft; ft ■•' .ft-..
.■ v.
Aireon Mfg. 'Corp., preferred <stock,Y
British Columbia Power Co., Ltd.—
1st ref. & collat.
Ref.
•Announcement
4Vi%^dUe-1960-l:r!i^^-^w^:4^t;--Jan
Apr
>'
\
,Y:'\
15
Union
.Mar
Co.—
Cornell-Dubllier
$5.25
Eiectric 'Corp.—
stock,; series
Dividends
/
;
flrst
1
which
Eastern
&
1
§2639
1
§2639
-
,•
'Missouri
2%%
due
notes
ftYFebft
1958—
68
Zft 68
.
^£-:lst mortgage
,
ft.
,
.
,
.
'
70
i
72
;
6'»
Book
Co.
Cone
&
:
f
I-
§3196
.
Power
Salmon River Power Co.,
,
-
Schulco
Inc., guaranteed
Laundries. Inc.. 1st
Shreveoort
Washington Terminal Co.—
§3080
Bottle
-Anchor
-;2%
9bonds;
seriea\A; 'due'
due
Co
; /
I
F
.
,
debentures
x:
Automatic
Berland
Buffalo
1st
Electric
ratge.
7V4
Butte Electric &
mortgage
Canfield
Oil
6s,
Co.,
Ltd.—
series
due
stock-^4,
1st and
ref.
33$ %
mtge.
Products
Buell
15
§2813
..
.
*«.,
IWm.) Sons Co., 434 </o
preferred stock—;—r-—Feb
Co., Inc.-.-
•Franklin County. Distilling
Convertible preferred
stock-^———————Ijan
Great Lakes Utilities Co.-*.Z; .lsit; lien collat. trust
"SVfcs,' due^"
Z
,
,.
—1—_Jan
Northern
Howard Stores Corp., 5 V4V4' preferred
stock——-L-Jan
Hub, Henry C. Lytton & Co., 5 '/o income
debentures—Jan
Illinois Valley Telephone Co.~^«'•-»--•
lstt mortgage" 4s, series^ A, due
-1964—
-——-Feb
Indianapolis Motor Speedway Corp.*-- • >
:
1st. mortgage fi'/as. 'due J946-—•
V——-Feb
..
-
'
•
International
Power
§3071 ?
•
Z
Castle
■
iifj Collateral gold, notes, series of 1929
National, Department ;Stores Corp.— "
:><■. >
".<5%;preferred stock. -1
1
"
National
-
t
§3074
Z
—Jan
Lockport & Ontario Power
Co.—v-; 5 f/o- bonds, series A, due
North
/
American
Northern-New
; »Z
1st lien 81
Co.,' 5%r,4 preferred stock-Zi.iZ.U-Z--^Jan
Utilities, Inc.—
\
*
York
-
ref. 7%
bonds,
Z
Pacific
.
.§2644
.;
rRef.
;
bonds,
series
1st
V
•
i
,
..
28
Railroad
?1
_
Salmon
River
Schumacher
Power
Wall
Southern-Advance
T/b
?
and
6Z4
Co.,
Board
Bag
1st mtge. 5s, due 1952——J Feb
Corp., $2 preferred stock
Feb
&
Paper
§2647
—
——v
Jan
Southwestern Bell Telephone? Co.—
1st :8s ref. mtge. 3V4%
Jan
—-
.
;
,,
-
•
2-
2-25
Y2-Z1/Z
-
2-1
1-21
3-11
2-20
2^C
-3-11
2-20
1
3-13
2-15
15c
preferred
5c/b
Cork
■
deposit
-
? •*..
i
preferred
'■
v
East
40c;
l.
—
2-;;l
"y
7 Vi r'o '
Va>
ZZ'-Z
■Z.
-
Ltd.—
•
Federal
>
$20c
1
110
'
231
§2824
15
Ford
f
Motor
Corp.
of
Co.
(stock
2-15
j.
:
Fire
Insurance
Cq.
of. Phila.
lit
$3.50 preferred
Gearench
Y__ '-Z.-
1
1
General
233
(quar.)
Foods
'
i A
§1930
§2862
.General
$1.50
7%
Corp.
Phoenix
i
preferred
•
$1
(quar..)
convertible preferred
2-
Y $1.50
2-
$1.75
:
2-
50c
Y 2ZZ 2-
U
3-
2-16
2-16
2-15
/
7
2-
1 ;
1-21
2-
2c
i ;
Yl-21
2c
:
—
—
;
8-
1- r; Y7-22
60c
Insurance
Co..
2-
1
1-21
2*
;
2-
41-18
50c
ZZ 3-
2-8
1-18
2-
V. 2-
1-21
25c
4-
Z 2-26
$1.75
;«3-
Z/l-25
2-
-,'1-21
(quar.)
__
Z
(s-a)_—.
40c-
'
1-14
/•;; 2-/
50C
1-21
:3lViC
2-.15
343aC
4:2-15
37 Vic
1-31
1-31
■
2-15
1-31
,
$1.75
2-
1
1-19
$1.50
,v2- 1
Y 1-19
7oc
25c
// 2- 5
vi 1-30
1-25
25c
;; 1-30
1-25
;
33'/a ft- /
1-23
1
Nat'| Bank: (Brooklyn )Y—YY_—
pre^
$1.25
.
Transport
Co,
■-•)'• -8ft
,
50C
;Y4 30c
•*:•'.*
-
3-
8%c
1
1
/
2-
:
Z 2-
'4 3- 1
si
,4-
4-15
Z..2-15.
/, 1-25
2-
•1-19
$1.50
1
2- 1
1-19
50c
;z. 1-15
12-31
50c
1-15
12-31
+20c
//' 2-27
$1.75
:Z
,"(s-a)Y-_———Y
(quar.)
50c
-
,:
3-13
4 $1.25
preferred (monthly—
preferred (quar.)
---Y
nreferrod (quarO
—ft—--—
6ft
,
3-15
/
8
.!•
■
2-15
3-15
"
2-
2-15
' 2-15
;
3-15
"Service-Electric & Gas Co.—
preferred (quar.)_-YYz:L.YY'iYYi-fti-^-Y-.'-
$5
7ft
4
(H.)
class A
2-15
5ft> rnnvertible
convertible
?if/n
preferred
preferred
•
Products, Ltd.
Quinte Milk
Extr&
*
•
'•'*
■'
'
Raymond/Concrete"P"ile
Z
-
preferred
Class
A
;
20c
2-15
1-31
2-15
2-
Z
Z
(stock
-
r
Rochester
Corp.
(s-a )-i—
;Y2*
5
3-
8
2-1
1-19
2-
1
2-
1
25c
Jac
75c
'
—-—-- - -
2-
1
.6ft'.
2-
1
,
1-19
1-21
1
2-
■
-/,:
1-21
'
1-21
1-15
.-4-Y
/: 6ft
2-
1
1-15
7%c
2-
1
1-15
133ic
2-
1
6834C
2-15
2-
35c
2-15
1-25
35c
dividend),,,,^—/,—_
B -(quar.)/„_,,^i,L—
Transit
1-24
:
1
25c
2-15
,
preferred (quar.),,——.
convertible preferred (quar.),,-^^,,^.
common
2-28
3-15
1
2-15
4- 1
YY; V*.
4 '?•'
;
(quar.)
3-29
Y 4-
3- j.
™
Co., common (quar.)
Republic Petroleum Co., 5 Vi ft "pfd. " ( quar;)
Reynolds' (R. J.) Tobacco Co., com. (quar.)
Z
2-5
,
,
Extra
$3
.
,
.
(s-a)—
Is.!*>"--r
Republic Drill 81 Tool Co,—
./ Common (stock d iv idend V
4
(quar.)
(quar
2-28
'
$1.2o
Oil Coft common,,,—
Pure
'3-29
25c
200
8r;Light Co. (reduced)-
Puget Sound Power
-
f*"Hr
(quar.)—-- —-¥.51.70
25c
(quar.)--
preferred
Rubinstein
40c
pfd, (quar.)25c
—37 Vic
5
4
40c
$6
;••;. 55c
2-
7-31
$3.50
gtd,/(s-a)_-
Co.
1-31
1-31
'
$1.75
■;
(s-a)———Y.
7ft
10-22
;
Z 1-30
$1.50
..Go.'.f.T^.v-preferroAy^uar.^i..^
Fire
2-15
15e
Extra ZYw--y--Y--v-YY^-.--,zY_i~YY„_^rr-7;
1-25*
Z
4-20
5-/1/:
8-15
1-25*
,
Z 1-15
Public
1-21
5
4:2-15
;
3-
;:/
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1
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8c
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—
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1-18
$1.25
2-15
;
'
2-15
2-15
2-15
(quar.)—_——i
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2-15
1-18
1
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1-15
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$1.50
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1-26
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1-15
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81.25
40c
u—
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1-23
'
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,
3-11
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2-
$1.50
-l:
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2-15
6ft
(quar.)Z
1
$1.50
1-31
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2-
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1
■
87V2c
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37 Vic
—
(s-a)
8
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1-19
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8
2-15
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.
1
1-
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1-28
2-
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1-19
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-
General-Cable
30
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2-15
1-31
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2-
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•
21
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25c
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(quar.)Z;;—
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30c
'
1-19
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1-19
v
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2-17
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.
2-
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2-28
12-31
-
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'
FjJlton Industrial Securities Corp.—
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(irreg.)
Y.)
3-15
'1-15
100%
1-19
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:
: ft
1.11
.
2-1
Z Z 50c
2-
'
$1.50
dividend)
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1
1-18
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$1
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I-17
$1.25
:
(quar.)_
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3/
2>»
■
4-14
Z
2-
preferred (quar.).._;——YY-—^Insulated Wire (s-a) ——
Phillips Petroleum Co.. (quar.
'/ Pillsbury Mills, Inc., common
(quar.).JZw-w
:4> $4 preferred (quar.
(
Pioneer "Petroleum.
7ft preferred.—,——
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ZZ" ■/■' 7 ft preferred (• accum,)YY-~--Y,Ta_Y,i.;■ Prentice
(G. E.) Mf8«.Co.- (quar,)—
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2-10
2-
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—
1
3-21
,2-
/
12-14
Y Z
1
$1.25
(s-a)-_
Machine 8r Welder
Federal-Mogul
1.-31
Z :Z, 25c
.
2-
1
4-
39c
—
'P Philadelphia
•.../?,"//•■■■•'/
1Z
3-
,
'
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Welding
ZPi^delphra^CoYr$5
1-15
1-14
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15c 'Z
1
2-15
1
25c
•
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1-11
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2-15
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Pennsylvania Exchange Bank (N. Y.)-/
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lr18
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v
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1-15
1-17
$1.75
r
3-13
25c
-
-
•
preferred (quar.)ZY'Y__^Y—1-—;
Light Co., 7ft, pfd. (quar.)
preferred (quar.)
i._—
Park 8c Tilford, Inc. (resumed)
Peaslee-Gaulbert Corp. (quar.)„__—_—-
2-15
2-15
1-21
$4
$2.50
$6
;;2-'5*,.
;
Y:3- 1-1
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—
,
2-20
IOC' U -1-21- "
Eppens Smith Co., Inc. (s-a)!
$2
Equity Corp., .$3. conv.' preferred (accum.Z
75c
Fairbanks Co., 6'Y preferred 1
quar.$1.50
Federal Electric, $1.50 class A
(quar.) __.-i v. Z,25c
110
Z 1 -.16
$1.62 Va
Z> 6ft
5
2-Z5
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•
,7
Empire District Elec. Co., 5% pfd.
Emporium Capwell Co. (extra)
.
;
;
$$1.25
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2-
1
'
—
RR.
1
88c
Oliver United Filters, Inc., Class A (quar.)_
Pacific Gas & Electric Co., 5ft pfd. (quar.)
5 Vi ft preferred (quar.) —Y_Y-____
,—..
-
1-15
3-
$50c
(irreg.)-/
Transportation. Co.—
Pennsylvania
1-15
-
(interim)
Ltd.
1-21
2-
common
Ohio-Casualty Insurance
1-19
i
.
(quar.)—
.
1
2-
4334c
Z;ZV
1
Ry. Co.—
Pacific Power &
r
-
.
(quar.)—_
Duquesne Light Co., 5%
1st pfd. (quar.)
Dwight Manufacturing Co
E. T. & W.'N. C.
2-20
*
Inc.l-______^L.-^-.J.-^-ii.jZ
Stores.
1
2-1
——
(interim);
1
-
(N.
1-21
'
2-
$1.50
(quar.)———-
Ogilvie Flour Mills, common
7ft .preferred (quar.)3_zY-f
'ZZy
'
Shares
receipts
registered
1-24
2-
55c
1-31
2-
(quar.-—/Z
Ltd..
North Carolina RR.
*:
60c
2-5
50c
New, York
/ XX JX- '
(quar.-)——Liu
Trust
5
$2
LC
1
;
Quarterly,
Quarterly:
Quarterly.'
New Process
1-24
50c
8s
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Dominion
§2822
§1678
.,
7/i
American
.§2822
1
1
'jv'fiU'V'
3-
10c
y-New;"York//Air/Brakq/Co;^'^_YwYY!-YY-.^Y*Yr*Y:
* Z
quar.) ——V_—-IV
;T Dominguez Oil Fields Co. (monthly)
Dominion 8s Anglo Investment
Corp.,
§3080
15
Electrio-—
2-
>
:,y 1-31 •
; ,1-31"/
3-
2-5
15c
preferred (s-av^-_^_
•_
Neptune Meter Co., $2.40 pfd. (Initial quar.)
New England Fund ct.fs. of benef. int.
(quar.)
New England Water Light 6s Power Assoc.—■
6ft- preferred (quaf.)j:_Z.____%.—.__Y—
9
80c
(quar.)—————\
(quar.)i
$2.20
Dividend
196
•,,
1
initial
1
2-
•25c
;
1
5%
2- 1
4-
1
3-
Paper 6c Type Co., com. (Increased)
5%preferred; ( Sra)uLZ_ZZzY;
$1.75
$i.i2y2
2-
■,
1-24
-
1
1
•
/■'Zv'Z/C- SI
Tnsur. Co.
'-.'Extra
;
1
35c
(quar,)-;—>
preferred
Ordinary
.52822
bonds, series B, due 1964—Jun
1
Syracuse Gas Co., 1st mtge 5% bonds due
1946_—
Any time
.TACA" Airways, S. A., 4 %' convertible
notes, due 1948—Feb 13 '
2-1
EHectric
'
2-15
=
2-
3-
;
1-23
2-15
$25c
National
<quar.)(-*_—i-
Wo" preferred
1
2-25
—
Louis
Reclaiming
Cottons.
National
■
;
"•'J:
$1.50
;/
Southern' Ohio
'
1-30
1*17
43c
■
——————————————————————
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I
2-
2-18
/-•Z
1—
Nation-Wide Securities
2-10
3-
„—
;
2-15
2-28
$2
•
■
(quar.)
7%~ preferred (quar.' $$1.75
Morris Plan Bank of Cleveland (quar.)
40c
Murphy (G. C.) Co. (quttr.)__A____^„-^iY_$1
1
.2- 4
•
J20C
Co._—4,/—-uZ
.
2-
25c
1
$25c
$6.50 convertible preferred (accum.)—'
Moody's Investors Service, Inc.—
.: ,«-•
$3 participating preferred (quar.)Z_-Z:__^
Montreal
1-19
25c
Distillers'* Co.;; Ltd.—.
5 V
^
Co.,.Inc.—
preferred stocks—
$12Vic
..
ft:! 37 Vic
(quar.)
Diocesan Investment
§3078
Spalding (A. G.) & Bros., Inc., $2.25 preferred
stock—Jan 28
'Stanley Works, 5% preferred
stock—- May 15''
Sterling Motor Truck Co., Inc., 5% preferred
stock——Jan 21
Strawbridge & Clothier, 5 '4 preferred stock-■
.196
V
1Z
1955„^-._——Z——
ZJan *'T '
Corp.,, 6% preferred stock-VZ—Feb '* 2 ?
Corp;, 5% debentures, due 1956
Feb 1
Reading Co. Jersey Central, coll. trust 4s due
1951—Apr
Reliance Electric 8s Engineering
Co., $5 conv. pfd. stock.Feb
Root Petroleum Co., $1.20 preference
stock——
Feb
1
-
pfd. (quar.)il/ Delaware Rayon Co., 7%. pfd. (quar.
4s-4VaS, due
Employees'
3-
4-15
,
2-15*
'
(irreg.)
Products
$$5
1
Hill 8s Schuylkill Haven RR. Co. (s-a) zY"
Minneapolis-Moline Power Implement Co.-—
«Z
Davenport Water Co., 5f/o
.
trust
Radio-Keith-Orpheum
4 '
5-
Z'i Mine
1-29
*
1
;
■
4'7o
Steel
2-
Seal.Co., Ltd. (quar.),——;■
y. Dallas Power 8s Light Co., 4V2'U pfd. (quar.)/
,196
-'"Z
4
Crown
due
bonds, series A, due 1969—-—_Feb
Tehmhone Co.—'
Z'ZZ :... Z'
Collat.
,
mtge.
Co.
■)'•" Continental Commercial Corp.-—
§151.6.
Anytime
1948—Feb ." 1Z
4. •:'
Ltd.—-
preferred
Container Corp. of America—1
<
..
ref.
8s
pioneer
■,,
VP
B,
Trust,
30C
Mfrs.
/•;} Midwest Rubber
1-29 z-Z
1
3-15
(quar.)
Gas 8s Elec. Co., $6 pfd. (actum.)
preferred
(accum.)-——.
--V—
$6 prior lien preferred
(quar.)—,--——-z
7?*> 'PHor lien preferred (qudr.)——
y-VZ
3-4
3-
1-11
1
26c
Telephone Co. (quar.)—
Distilling Corp.. (Terra Haute)
6c
1-31
20c
(quar.)
Co.
1-31 Zi
4-
(quar.)——
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2-16
2-20
2-20
2-
6%
ZyZ
: 2-28
4
8r
3- 9
1
Z
(quar.)
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■JftYftZ ;/
Z/'
—
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j2151 ZZ;
1966—u—Apr
1 > §2187
/
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;
5'Jo and 6'/o bonds due 1962-——-—. Z, " "VP;'
'_Mar':.l .Z §3079
|
Philadelphia Transportatlon Co.— "••• /
:Z V,,.,...^a. . y- :
■;
v
a
A,
Telephone 8s Telegraph Co.—
mortgage 3'A'4
&
preferred
$2.40
73
2-15
1-25
3-
/'Z/
/
'
stock
:Z/Merchants
'fW'-i' '■"
(quar.).—
ZZZConnecticut Light' & Power—
V.Z73
•
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3-
15c1
(quar.)
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;
series-A, due 1946—Zi—Any time
Philadelphia Rapid Transit
:
12 Vic
;
.
1st. lien 8s ref.,6'/4 bonds, series B, due 1947—
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:
Co.,-com.
McGraw
2-14
59 7/lOc
(final).
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2Cc
5^' "preferred, -('quar.)JIZ.—V-Z
'"■$1.25
Chicago :Yellow Cab..—1
25c
i/5
.194
31
1-25
2-25
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//;:/■
12-31
1
1
'•"/Z
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'
1
2*
$1.75
(s-a)"
2-14 Zy/. Michigan
;
1-15
3-
$1.50.
/Z"
—
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ZiV.Maud Muller Candy Co. (irreg.)
14
2-
.
5
2-
500
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participating (quar/)—;
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•
1-15
Z
1
1-17
3-1
2-
(quar.)/
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3-11
Cincinnati Inter-Terminal Railroad Co.—
Z'-y -4%. preferred, (s-a)———1
1
1955—Zi_Apr
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•
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V
<
lstj mtge. and ref.
•
/4,20c
—,
Sugar Mfg. Co.—
'
1st: mortgage 6s, due
1947-1949-^L——Z-J-Z—-—Feb 1
Newport News Shipbuilding & Drydock Co.—'"•
1
$5 ^convertible preferred stocks—.
ib. Niagara,
Belt
-
Charts-
;i
1
1
3-
Henderson
common
VvZ/
2-9
2-15
—;
5%
pfd.
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M.)
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$4.50
•
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y
1
t
2-
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•
11
,
<
■
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«».. •
Feb
r-'k- 50c
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§2943
.
■
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21
3-
1-16
1;
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preferred (quar.)
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Zj Chain Store Real Estate Tr. (increased quar.)
§1513
.21
1946-Apr
'■•
•
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preferred
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v
April,
-
1
—
Knitting Co., Ltd.—-—■
7c!o
U
—Feb
v.r%
due
.
v-i
stock
2-
-
Century Shares Trust (irreg.)
Central Power; it Light—^
6rfa preferrd (quar,)ay_—
.
28
•
2-15
Ry. Co., Ltd.—- 4
Sullivan
-preferred
V. Central
70
.
Merchants Fire Assurance Co. of N.
Y., pfd.
Morris Plan Corp. of'-America—Z'.
8s
"(quar.)'
(monthly)
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Murathon
12'/2c
-
1-28
8C
'
—
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1-30
1
'
Pipe Co.
Louisville is Nashville RR.
>"■*
1-30
2-
—
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Celtic
.
191"
Co., Ltd.,-VU
McCrory Stores Corp.; 5<'«..preferred stock-^.-j^Z*--.v.
2-15
z1*14
•
2-
25c
/
2-15
a
;
25^
2- 5*
1-31
'1
———
/
1
2-15
'I'
5'k: preferred (accum.)--——
Canadian Oil; Cos., Ltd.. (quaib)i4----*--—--
3191
;
1
Manila Electric RR. & Lighting
Corp;—*-* i ; > 5VF 1st lien and collat. trust bond
certificates———Mar
V McCord Radiator & Mfg. Co., 6debentures of
1943—Feb
tl5c
(quar.)——
(s-a).*—*.-
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4
1-19
1
-''*150
,
(quar.).;——v
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Canadian
68 /
'i
v,
&
:Extra
■
'
preferred stock^—-Mar; 1
Utilities Corp.,. $3.50 preferred
stock—Z-Jan 26
Kansas City Southern .Ry^—a•
;
•;--;'Z;Z.iw^--*;;-:';
>r
Texarkana As Fort Smith
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Z*'
-Zr.'Series A.zdue ■ 1950-LLl^iZ^4—;
International
;
2-
2-
"ft 2% ft-' Z
;
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iquar.)-'-—_
2c Y'
Machine
&
Hill
$1.20
§2815
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t- 3r..,
;v;
'gen. mtge. gold bonds^series^ IE, due
;107llil.July i, '47
■), Houston'. Natural Gas Corp.— •
Xi'r 1st mortgage 15-year 4bonds due 1955————Feb 15
/
2-15
VV> ,76c
preferred -Hquar.)
& Co.
Site
.California
.
Great
20c
i
12-28
1-18
(quar.).
(quar.)___:—'
Lock Joint
2-15
/California Water 8r Telephone Co.—
§2815
28-
-
/•
1-21
1
1
40C
-Toew's- Boston Theatres Co.
(quar,)^-v^-i-;r
?|/.:I/;; Extra;/'-----—;
Zv Louisiana Power 6s Light Co., $6 pid. (quar.)
1-16
•:
1
3-
*•
(quar.)
2-
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—
2-
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■
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2-1
1-21
2-
2-28
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Class-B
2-14
15c
_n—_—___
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•
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/ Bunker
s.
a
;i> 'Filene's
Co
Corp.
Corp., -neW7'!initial
;Loblaw Groceterias Co., Ltd., CI. A
2-13
Z.—J—-
(Sidney)
Bolt
Buffalo
§2813
1
.■
3-13
2-15
„
1
2-20
V'b 2nd preferred (quar,)—
Life
1-21
20c
——
cash-
-
Inc.,
Die
."Buffalo
—Jan
,
75c -in
of
..Brunswick
bonds, series of 1974—-—Feb
Corp.-*/
bonds; series AZ bur
'(quar.i
British Columbia Electric
1
.
1st mortgage %'k
common
1
1-13
2-15
zzy, 20c
Lanston Monotype Machine Co.—-——
Legare Co., Ltd., 6"Z> preferred. (accum.)
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Payable in l/32nd share of common stock
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§2142
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v
preferred
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•*
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<
'
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§3068
.
1 /
—jan
3-
'"
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2-
25c
;
$1.183^
_
1-26
15c
——
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■
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1-26
2-15
<quar.)_,
Securities,/ Ltd.— Z:,
Group rhares
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/Blue
:
'
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Co.
2-15
$25c
3-
.
.
$1.
_
2-15
1
5G'/4C
2-15
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(ouar.)———
1-19
1
V;
3-
35c
(quar.)
1
2-
4c
"Z'.,,,
———
5■ prior'preference
,
,
2-
3-
60c
59c
—
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Shoo
Co.
5c
30c
Kellogg (Spencer) 85 Sons, Inc. /(quar,)//// zy/// 45c
3- 5
""
Co.
preferred
Blauner's
•i
1
$f.'e debentures due 1949-*—
—,—7—Jan
2
Coltimbua & Southern Ohio Electrio Co.—
Series -B preferred:-, stock-——4..„ /;; Feb
1
Compo Shoe Machinery Corp., conv. preferred
stock—Mar 15
Z,i Continental Gas & Electric Corp., 7'/o
prior pref. stock-Apr
1
v
/
5 (.'o debentures, series A, due 1958
—-Feb'
1
Fansteel Metallurgical Corp., $5
preferred stock
—Jan 30
Federal Grain,' Lt<L~*-•
v,
•;
►
Z
Macaroni
IBelding-Heminway
$3
1951—Anytime
*
,
1-19
(quar.)—_
(
1-23
75c
(quar.)
RR
Line
Bobbs-Merrill
"■
i collateral trust bonds due 1969—
3 ¥4
Ccast
Berland
14
1955.—-Mar
6f/r>. preferred
Chicago,. Burlington & Quincy RR.—.
Chicago. Molded
§3122
r-■
A,
—
$1.40 .convertible preferred
4:,4^
,
5s due
1
.'
—
2»
62 Vic
62V'2'c
,
"Atlas gteeis, Ltd, (quar.)—
(A. S.) Shoe Corp., common—
1
PoweFiCo., 1st mtge.
Utilities,
4
2-
$1.371a
1-19
$1.50
Bond
Knickerbocker
8
Atlantic
22
Cc-.—
3-
—
Water Works Co., 6'b pfd,
•Z Kroger Grocery 85 Baking
Co., com.
:'
6% 1st preferred (quar.)—
$1.75
______—
Asbestos. Manufacturing Co.—- -
15
1953__Jan
to
I
3-15
(s-a)———
Harvester
1-18
.1-15*
2-
Fence
6s
B
Detrola
J.2- 1
,
U5c
iAtlantic
Page
pfd.. stock—-—-—Feb
1
1
15
1953——Feb
due
"
—
Bertram; (John) &, Sens Co., Ltd. (s-a)——
ref. mtge. 4ViVi
bonds, series B, due 1981—-Feb
Niagara Electric Corp., 5'Jo preferred stock-;.—Feb
Canadian
;
due
4»/aS.
.:conv,
(quar.)
•'V-Z Extra Z
&
.Buffalo
1st
Co..
Stors, Inc.,
General
.Gen.
;
Products
Shoe
1
2-
2-15
2-
,231
18
.stock—ii——Jan
pfd
2-
25c
—
50c
50c
•
.Beck
.-L'-'
<
3-
,
25c
20C
v
,
:
50c
§2312
Date
_
7%
111
ii
,
Company and issued-
American Furniture Co.;
Inc.,
Atlantic. Refining Co., 3'4
1-19
2-15
preferred (quar.) — ——
—j ;zv $1.75
// International Power
Co., Ltd., 7 'lb 1st pfd.v $$1.16%
■/
Kayser (Julius) & Cb. (stock dividend)-—-,
14)0 t(j
Anglo-Canadian Telephone Co.; CI. A (quar.)
22
t
-
1970———__^»._3;iF#b
ENTIRE ISRITES CALLED
1-31
1-31
4v.Insurance Co.
_iZ—VZVV——V
Z
1952——Jan
West Virginia Pulp & Paper
Co., 4^%- pfd. stock—*._vFeb
;
2
1
1952--—Feb ft 1
series A_-_—Feb
1
bonds,
mtge. 6s,
1-23
1-31
of the State of
Pennsylvania
/" International, Business Machines—, ;/vyz;,Z,
HolAert ■'V ;k (stock dividend)
—V—Vy'----.Vi-———i—1
1-19
Post
Co.—
(quar.)
50c
Equitable Assur. Co. >f New York—
Semi-annual."
'
^American Thermos
Zinc
Institutional
.
bonds.
'
3-13
2-15
1%
$3.50
$3 preferred (quar.)_i—l—;
; American Sugar Refining Co.~
'
•
' '"
Zy 7% preferred (quar.)—
'
J———Feb
1st mtge. 5%
Co.,
—Feb
——
Co.—
—
4-
2-
-'
'
&
International
t$1.50
r>&
(initial)
,
Z
'.mortgage. 4Vis ^ue*1947
pfd.
^
—-w—,w—._-Feb-
Illinois
$$2
Vi-*—
1st
; American; Gener.tl Corp; $2 preferred
l
82.50 preferred (quar.)——
76
1
preferred
3-13
$1.50
(quar.)————
Y.) (s-a)
....
$2.25 preferred (quar,)
Hydro-Electric Securities—
5%
4-20
10c
(N.
Hussmann-Ligonier Co., common
Stock
£$1.75
.
—
>
(Geo. A.)
preferred A
6rb
American
-
■' r.lst
Horrnel
$30c-
,•
(quar.)—————
Pretzel,
Co.
Co.
.
15c
preferred (quar.)_
Co.—Z_——
^-u_—
International
vpreferred./(quar,)'^—
American
E.)
4-20"
5-'
25C ;
25c
5l/a(i>
Brewing
(Chas.
Home Insurance
'
1
1-21
"1-21
4-
56V4C
(quar.)—
———-
& Co.,
"
40c
Engineeringi— ;*
Inc. (quar,)-
Stores,
1
5-
25c
preferred
Aircraft
(A.)
Hires
2-
25c
common—-——.
conv.
Heidelberg
second table in
2-
—————————
Bros.
Harris
50c
—
.
:
Bridge Co.—"
mortgage e'/as <lue>1S544_».——^ Jeb 15.
Rochester Gas & Electric
Corp., 4
pfd. stock-——
Feb 15
-
a
Hale
■v.
previously announced, but
Corp; (irreg.)
.Agnew-Surpass Shoe Stores, Ltd., com. (quar.)
?
lr/o
preferred (quar.)—
—^(
Aluminum, Ltd.,' common————.
-
1st
Safe' Harbor "Water 'Power
Corp.—
1st mortgage Alki due 1979St. Joseph Ry. Lt. Heat &
follow with
we
Adams-Millis
-American
Feb
.
2-
25c
A__-
u——.—.———
Grumman
Name of Company
§3191
i
—Feb
■
Class
B
4Vtt'/o:
w
.
2-25
2-15
25c
Co.,
of Seo,
3-12
$1.50
(quar.)j.„
A
Hoider*
Payable
25c
Globe & Republic Insurance Co. ts-a)_—
,Z,;;Great Lakes Dredge 8r Dock CoK (quar.)
Z Grocery Store Products Co.——V*———
;Z: Extra ";
Industrial and Miscellaneous
Companies
Z" ' ■; " ''Z'Z",:t': \f0
:0/y When
'
Co.4i
ICollat. tr. 5s due 1967
Prairie du Chien-Marquecte
.
•
,
5 >/as du' 1972—
Philadelphia Rapid Transit
162.
When
Share
common.V—
B
Glidden
The dividends announced this week are:
-
68
Telephone Co.—
V4% -1st mortgage, bonds, series
C, due 1961——j.-Mar
Northern States Power Co.
(Vyis,)—
§3241
,Z.Z.;
Advertising,
Brewery .(Rochester),
Class
'
■
Zft'ft'«/
Investment News Department" in the week when
-.declared. r,
/-,
;'ft
-■;■;rVa-v■■■ ■
1
'.</•'. 4
1st mortgagee's due
1964——
Philadelphia Electric: Power Co.—
preferred
Class
/,
.
11
20
Outdoor
Class
Corporation
ft"
,
Then
show the dividends
we
Ry.—
Lynn Gas & Electric Co.,
§2862
are
week.
1st
■
1
/and
mortgage 3 >/♦ % bonds, series A, due 1970
,-Mar 1
Empire Gas & Fuel Co., 3Vi% debentures due 1962—.
Feb * 1
Fonlenclle Brewing Co., 1st mtge. 5s due
1947—-—-—Jan 13
Food Fair Stores, Inc.,
3Vi% debentures
——Feb
1
Illinois Power & Light
Corp., 5Vi f/o deb. bonds due 1957-Mar 1
/
.Genesee
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
§2814
•,
,
we
current
ft 189"'
preferred
Elgin, Joliet
§2313
6%:
grouped in two separate tables. In th«
bring together all the dividends announced thtf
"
ftftft/,ftftft>Z: '• ftftft'ft
1st mortgage 5Vi%
bonds, series A..-——ijl_—-Apr
1
1st mortgage 5%
bonds, series B_——
_i,Y__,_Apr: 1
1st mortgage 4Vi % bonds, Series C__
Apri 1
1
1
§In Volume
,
Same of Company
General
1
bonds, series E, due 1969_i„-__Feb
bonds,, series G, due 1974—w—Feb
Terminals
Tin Volume 161,
rtf
Z
,
' ,/
$2490
.
....
DIVIDENDS
■
Cleveland
issue.
-
Western
mortgage 3%%
First mortgage 2Wo
/-ft:
•. i;
2022— Zft-July 1, '47
§2687
.
4
§2636
1
>
Indiana RR.—
.■/;/; Z""
1st & ref. mtge. 4V4%
bonds, series D, due 1962—----Mar
Cincinnati Union Terminal Co.—
Z.
First
this
in
'
'
.
&
Page
.
1'
mortgage 3 Vis, series L, due 1970_!ft:,_Feb ; 2
& Ohio—• -ft'
ft/""ft:''■ .ft/ft Zft; ZftZftftft';":- ' 'ft'ft':/
improv. mortgage 3 Vis, series E, due 1996__Feb
1
and
Chicago
Page
gen.
Chesapeake
Date
v."',/
3'/as, series A & B, due 1964-1965—-..Feb
Inc., preferred stock-J,—_—.Ll—Feb
28
'
mortgage 4s, series A, due 1965-—
Central Maine Power,
.Co.ftftft/iftZftftft'Z'Z/ft'/ftft'ftft,^^
and
*
ft
ft ft.
:,
*
1st
1st
.ft
mortgage
Wilson & Co.,
Date
Y._Feb
,
Buycrus-Erie Co„ preierrea stock
Carolina, Clinchfjeld & Ohio Ry.—
.
233
4 ft;'''/'/
ftft' 4
REDEMPTION
/
.■
•
1st
-'.,ft PARTIAL
Company and Issue—
& Light Co.—
gold debentures bonds, series A, due
Textron, Inc., prior preference stock——„__'_-_Feb
United Light & Rys, Co., 5Vi% debentures due' 1952—Mar
/Wabash Telephone Cc—
<
"
ft
\
r
§2824
28
Jan
Power
3%
■
,,
ft
City Terminal Ry., 1st mtge,4%bonds, series
A-Jan, 24
Texas
'
.Volume 163
2-15
1-25
50C
2-
1-18*
L
1-15
5
THE COMMERCIAL & FINANCIAL CHRONICLE
354
"7'
When
Name of Company
Rose's 5,
Ruppert
(quar.)
--2——
4y2%
preferred lquar.)____
Russell-Miller Milling Co
Saeo-Lowell Shops
_
Sarnia
Bridge
Seaboard
of
40c
25c
_n
Del.
(quar.)
"A
.
25c
______
s.
25c
Ltd
Co.,
Oil,
*.
--7:v
™™
______
>
Security Insurance Co. (New Haven, Conn.)—
Quarterly
■
'
SileX
Company
Simplicity Pattern Co., Inc.—
5Vi% preferred (quar.)_
Soundview Pulp Co., common
(quar.)_—30c,2-28
.™'.—1,
-
"
lf
450
2-28.
.
2-15
7
■
Bloomingdale
77
1:
2-
3-
Texas
3-15
,
2-11
.Class B
1-21
1-22
Boston Edison
1-30
1-22
1.
2-
2-
,
1
Bower
1-25
6%
class A preferred, (quar.)
Potash Co.____
___;
S.
ValsRar Corp., $4
3-1
1-30
1-25
Visking Corp., class A (monthly)
13y4o
.Class A (monthly) _u__——13V«c
Class B
(monthly)
Xr:13l/»c
Class B (monthly)_________
™_.
$ 13Vic;
2-15
2-10
3-15
Walker
(H.)
Gooderham
&
$1 preferred (quar.)
—._™i
Walker Manufacturing Co. of Wisconsinr—
$3
..1;
Westchester Fire Insurance Cq.
Extra
i—
.
5Vi%
30c
'
k
White Motor Co. (stock dividend)
One share for each nine held
$5
preferred
•
(quar.)
1
1-15
2-1
12-10
2-15
30c
2- 1
7>:\ .77-7
:
37Vic
• ___™_™_™™™™
1
..
1-19
2-
1
class
Class
;
3-1
3-15
2-15
1
s
Class' i B
Canadian
1-25
(quar.)____
5%
class A
Pacific
com;
Common
;
■
.
The
.
Share/,
r
&
Strauss, Inc
Alloys—
$1.10 convertible preferred (quar.)_!
Aeronca Aircraft Corp. 55c conv.
pfd. (quar.)
Admiral
27VaC'
Stores
Aloe
(quar.)_;_i.___
i5c
(quar.)
■
12-31
1-21
2-1
1-15
2-15
1-24*
75c
American Cities Power $ Light
Corp.—
$2.75 class A (Opt. div. series of 1936);
/ :
(optional) cash or 02 sh. of class B stock
American Distilling (initial quar.)_-
1-31
75c'
American Can Co. (quar.)
2-
1-10
50c
American
Steamship
American Stove
3-l5
20c
(quar.)
com.
1-31
25c
American Fork &. Hoe; common.
American Home. Products
(monthly)
2-
2-28
1
3'
1-14*
1
2-
1
2- 4
h3r; 5%
2-
2
1- 7*
2-
1
1-21
2-
1
1.-21
r
$1.25-il;
3-20
'•
$4.50
,
preferred
(s-a)
5Ya%
preferred
AnglorHuronian,
■
1
,
A
(quar.)__
Ltd.
(s-a)
final
2-
12-31
r
1
1-9
$1.12Va'
4V2%
v
J
,
,•
75c
\
ZZ
2-
1
^
preference
Mills (quar.)
(initial quar.)____ $$1.12y2
• -
3-
Atlantic
City
Electric,
4%
pfd.
22yac
preference
(quar.)___
25c
(quar,)___
3
2-
(initial.'quar.)
56Vic
5c
50c
Co
Co.
17
; ;■
Power & Paper
Y.)
Corn
Crown
1
3 1-15
class
A
1
3_
j
2-15
1-15
Cuneo Press,
1-15
Cunningham
Baystate Corp
Belding-Corticelli, Ltd.
Bell Aircraft
Corp.__.
Bellanca Aircraft Corp.
1-21
1-15
2-15
2-
1
12-
1
45c
4-
1
3-
9
$25c
3-
1
1-31
on
1-15
-
(extra).
I
(year-end)_IZI™IZ
35c
ic?
II__ZI
$1
i2yac
2-15
1
2-
1
•>.
1-31
1-24
1-14
2-
1-19
1
2*
1
mj
2-1
>
5-
1
2-
1
Co.—r
3-
1-18
3-
2-15
1
■
$2
1-21
1-
5-7
2-1
3
1-15
2-
-
1-15
1
2-15
2-
1>
4-1
3-15
7-1
'
20c
6-15
^55c
'
"1-
5
1-31
1-15
1-31
1-15
5- 1
-
;
non-cum. pfd...
30c
Industries, Inc., .common™,™,. •
10c
preferred (quar.)_J
3 7 56%c
4-15
2-15
1-18
2-15
1-18
25c
1-
1-21
75c
2- 1
$3.50 :
-
9-16
lo- l
1«'22>
-
25c
1
4
1-21V
12-31
1-15
1-25
2-1
1-18
40c
1-25
12-14
25c
5-25
5-10
80c
5-25
5-10
37%c
2* 1
1-10
$1.25
2* t
25c
1-31
1-17
2-15.
1-17
2-, 1
1-11
Co.
<quar.).
S%,
common
(quar.)
$20c
preferred, (quar.)
1-17
'
1
•-
preferred A (s-a)—____
$$1.25
3
¥
1-
7
5Cc
3-
15c
1-30
1-16
25c
2-15
2-
25c
1-25
Refrigerator Co* (quar.)
Gilchrist Company
__;
Gillette Safety Razor, common (quar.)™.™
$5 preferred (quar.)
■
5-15
1-10
1-31
1-18
2-
1-10
1-22
3-30
3-6
•
1-31
Gotham, Hosiery
CoM Inc. (quar.)
Goulds- Pumps, 7%: preferred (accum.)——
Graham-Paige Motors— 7"7:
5% Class A preferred (quar.).—
Oraniteville Co. (quar.)
1-15
1-31
1-15
1.50
2-15
1-19
.
1-19
2-15
2-
2-
7:7v'/::
1
2*
.
1
$1
;: >: 1-14
4-
1
7 '
$1.50
3-
1
2-
1
(quar.)
f 7 1-15
15c
Hecht
1-28
2-1 7
1-15
-
*
12-31
2-
Co.,
1
2-15
2-
1
1-11
Hercules
5 %%
2-
1 >
1-18
65c
1-
4
$1.75
1-15
1-
4
Higbee
2-15
2-
5
Hobbs
$2
3-30
3-15
$1.75
4-
1
3-18
Drug
(initial)
7-
1
6-18
2-
1
1-18
77:250
30c
(quar.)___Jj_____-___;
Decker (Alfrec}) & Cohn (quar.)—
:_____
50c
7.25c
1-
5
'
1-22
1-15
1-25
■
7y2c
20C
preferred A
1-21
.
1-15
1-31
1-17
1-31
1-17
7-10
25c
10-10
25C
1-31
1-
4
1-19
2-13
3-25
4-1
.
6-25
9-25
2-
1
2-15
2-1
1-15
2- 1
7 1-15
2-T
1-15
2-1
1-31
1-16
1-
8
1-31
2-15
2-1-5
1-
8
'
683/4c
$1.12Va
30c
;
preferred
(ye&r-end)__
70c
,>
2-
4
y
.7 1-25
1-15
1-15
$1.25
SI.50
1-25
2-15
/
Ifj®
(quar,)_
class A (accum.)—_________
1-25
2-15
;___—$1
•
1-25
2- 1
"
1-25
1-15
1-15
1-25
12-31
2-1
1-15
1-29
1-15
40c
2- 1
Y.) (quar.)_
Houston Lighting & Power Co.—
A;.,
$4 preferred (quar.)
Howard Stores, 514%
preferred
Hummel-Ross Fibre Corp., 6% pfd. (quar.)_
Horn
<
Idaho
4'/(,
&
Hardart
Power,
(N.
(quar.)
iquar.)
common
preferred
Industrial
4-10
'250
1-19
1-29
68%c
-
Co. 5%
1-15
1-29
>*,
7- 1
10- 1
Powder Co.. 5%
Battery,
7-28
Holly Development (quar.)—lc
Holly Sugar Corp, (quar.).
——
•' J 2oc
Horder's
Inc.
(quar.)
25c
«
$1.75
'
;'
1-23
3- 1
.
43% C
37y2c
8- I
.7-28
•
$1.25
$1.25
,
—7—
Spencer & Barlett Co.
Monthly
(quar.)__
y
•
:
pfd. (quar.)
> $1.25
rate reduced from 6% to 5% Nov. 15th...
(quar.)__
.
4-24
•4-24
7^10c
——
preferred (quar.);i—
4Va% pfd. (initial)—
Hibbard
1-25
1-25
7' 34%c
$1.25
(quar.)
(quar.)—
common
Extra
Div
i
1-25
2*1
preferred (quar.)
9334c
Hershey Chodoiaie Corn,, etmmon- (quar.)*7 * ■;
75c
$4 conv. preferred (quar.)
—___7 >
$1
25c
■
1-20
2- 1
.
,.:.:7 20V4c
Electric Light
___7__-™.^
50c
60C
A-A:
2-1
3=4%
"
A
(quar.)
(quar.)___—_
Co, '(quar.)____—
Hartford Times,
'
i__
(quar.)
Delaware Power & Light Co—
7
$1.25
1-15
12-28
Co.—
preferred
Hat Corp. oi America,
preferred (quar.)______
Quarterly
Quarterly
1st
'Hartford
f 2-15
37 Vic
:
7
pfd.
5%
7. Vv Extra
-
(N. Y.)—
(quar,)______
Brewery
'
7 Hallicrafters
12-31
2-1
(3
Western
convertible preferred,
71-31
U
2-15
J-J28
;
* B- 1
30c,, ■'.8-1
v-.:8*1.
75c
:75c-
'
7 2-15
"
Co., Inc. (increased quar,)—
Griggs Cooper & Co., 5% lst pfd. (quar.)—
5% 1st preferred (quar.)
_____£,
3-15
"
2-15
3-15:
2-1
$1
"
.
Griesedieck
2-15
1
(H. L:)
;7 Extra
12-21
1
.
2-25
2-25
:
3-15
,
SOo
7
Green
2-
:
■-
Extra '
Graton & Knight, Co.,
3-
rv
3- 1
30c.
"
■
——■
1
12-31
1-25
3-1
30c.
Extra
:
1-10
1-30
'Quarterly'-Z7™____i.-;_™™—30c
r
$1.62
30c,
2
1-10
31 Vic
Quarterly i_'_™_————'_T——
.
2-15
$7
1-
2-15
25o
Extra
1-19
2-15.
1.25
$1.25
68?/40:
35C
-
$2.50
The above payment clears all arrears,
•-;
Goodyear Tire & Rubber, common——__™
50c
$5 preferred/(quar.$1.25
1
12-10
1-25
50%
5% 2nd preferred (s-a)_—_.
3v,
2-15
1
2* 1
—
1-15
1
1-20
2-15
$1.25.
30c
$4.50 preferred (quar.)™™™——$1.12Va,
Globe & Rutgers Fire insurance Co.—
r
-7
5% 1st preferred (s-a)——$2
1-10
.
___________
Gimbel Brothers, common (stock dividend)New common (initial)—:—
8-15
1
:
Stores, common
Davega Stores Corp. (initial)_________^___
Davidson
Bros., Inc.__
Dayton Rubber Manufacturing— -;3;^
Common
1-19
Gibson
6
9- 2
$25c
Aircraft____
Refining Co., com.
Inc.
1-15
1-15
conv.
General Steel Wares,
12-31
2-
62y»c
'
(quar.)
conv.
1-16
1-25
37%o
Inc.--™.™™
General Motors Corp., $5 preferred (quar.)
General Shoe Corp. (quar.)______^.™_i
4-12*
0-1
$1.75
.
(N. Y.), $5 pfd.
7%
2-1
-: 1-25
7 1-30
'
15c
-General Mills;
1-18
•;7; $2
-
j
Co.
1-15
,
25c
(quar.)™-____
1-21
1-21
1-24
500
;
1-15
1-31
1-31
„t
Grinding Machine Co._____™____
5%
1-11*
4-15
•
Cuban American Sugar Co.—
7% preferred (quar.)
7% preferred (quar.)
2-
1-21
(quar.)
Drug
U
-
7™____-™__
General Finance Corp.—
1
(quar.),
Class A
2-1
$1.18%
43
_______
6% preferred B (s-a)
,
87y2c
(s-a)____
Co
preferred
2-1
15c
I
B.)
Products
7Vo
(quar.)
(Increased)
(W.
1-15
10c
com.
■
pref.
1-20
Machine, common.___
preferred
1-15
15c
7
.
3:
Exchange Bank Trust Co.
Quarterly •
1-21
1
5c
Co.,
(N.
preferred
partic.
1-17
25c"
'
$1.50
Corn
(s-a)
Extra
Trust
2-
*
1-31
Co.- (quar.)_____
Power
Consolidated Vultee
Coon
:
(initial)
Hydro-Electric
River
Crum & Forster 8%
•
'
25C
Consolidated Royalties; Inc.—
6% preferred (quar,)________^______i,_._.
1-25
1
2-
:
1- 4
'
Rubber
6%
U 4
^
2-1
$$1.37y2,
Baltimore American Insurance Co.
Bathurst
13-28
1
/
5C
preferred
Bankers
1
2-
$1.25
Common
Bangor
1-25
2
2-
$1
.
Consolidated Chemical: Industries—
H; $1
1-15
3-
$12-1
3
(quar.)
convertible preferred
Avondale Mills,
common
Baldwin
1-15
Corp.—
$2.25
$4.50
Connecticut
1-31
1
2-1
$2.50
Wiborg Proprietary, Ltd.—
5V2%
£
Gear
2-1
$3c
Ltd., 7% prior preferred
Consolidated Edison
$1.50
com.
Atlantic Refining Co., 4% conv.
pfd. A (quar.)
Plywood Corp.. (quar.)
;
/Atlas Powder Co., 5r/o
Aviation
(G. C.)
2-15
1-17
General Electric
7
1-15
1
25e
$2.50 preferred
preferred (accuir..)
7%
Rubber
Silica
Corp.,
6%
pfd.
—
(accum.)_
Inspiration Mining & Development.
Institutional Securities—
Insurance Group shares (s-a)
.
7
1-10
2-1
,
25c
Co., common (quar.)___
$3 conv. preferred ::(quar.)____,_2__3_™7_
^Gardner; Electric Light, common (s-a)_J__
1-10
$1.25
Machinery
Gas
.
AtJas
preferred
1
2-
•
'3
Telephone Co. Ltd.— :3
:3
4>/2% preferred (quar.)
Atchison, Topeka & Santa Fe Ry. Co.,
.5% preferred (s-a)
Ault &
1-19
:
-
conv.
Edison
1-
1-19
Gardner-Denver
12-19
1
2- 1
U
s
Associated
,
1-21
$25c
Connecticut & Passumpsic River RR.—
6%
preferred
(s-a)_
11
2-
;
;
Conn
*'
~
preferred
(quar.).;
Company (increased)
Argus-Corp., Ltd.—
Concord
' J 54c '
Appleion
Shoe
Si
;
1- 7.
2- 1
(quar.)__
common
preferred
IVtfc
$5
(year-end)
Commonwealth
Sons Co.,
Tire
Gar wood
2-1
.
1-15
General Baking Co., common™_______
2-
$1.25
-
6%, preferred (final)_^___
6 Ya% preferred: (final)____.
Compo
'
..
1-10
,
preferred
Commercial Controls class A
Commodity Corp.
31-10
1-10
1-15
1-15
$2.504- 1
(quar.)
Fulton Iron Works Co., 6$
•
1-31
tine
liquidating,
$2.20
1-21
$1.75
..
___
Columbus & Southern Ohio Electric- Co.-!~
,
1-10
>7 1-18 7
$1.50
——
6%, preferred (quar.)_i
Ry.—
6-22
,
1-25
2-4
v.
% 2- 1
3 : Franklin Stores Corp.7(iricreased quar.)
Froedtert Grain i} Malting : (quar,)
A:,
150
Louis
31-17
;-T t68%c
payable upon
surrender of stock
certificates.......
Appalachian Electric Power—
'
Arlington
St.
5
-
l-ll
2-1
2-
$1.25
1-25
!
1
X
'
'•
• •
$1.25
7-
,
1-15
——
2-15
AA156 Ar
1-21
Anglo National Corp,—
Class
&
2-25
::
1-15
7Foster,.&'KIeiser'C0;_w_-;__ui._™;_—So/ FostersWheeler Corp^ 67? 1 pfd..(quar.)_____
37%0
6% preferred, (quar,)_
37%o •
ti
$1.25
_____
6-22
1-11
2-1
"A'"
(Win.)
convertible
60c
Pacific
(quar.)
Chicago
2
1-15
<
3-20
prior preferred:.(quar,' $1.50
Foote Bros. Gear Si
72-15
25c
3-11
< J
A
■
2
Gibraltar Fire & Marine Insurance Co. (s-a)
Texas
&
1-
3-
pfd. (interim)^Stores, com. (quar.)
Department
Firestone
a
5
3
2
1-
:
40c
7.
40c
2
1-
.
3
1- 3
3- I-
50c
4%% preferred (quar.)^,_____
First Boston Corp. (irreg.)
50c
on
;
$1.75
__
2-28
1-11
$1
1-31
$150
67?
3: 1-20
$1.50
now
1*
4- I '
'
.
1-31
quar.U;
are
1-15
12-31
12-31
•"'•• \.'25c
Filene's
$3
(increased
'<
1-15
1
1
3-10
$$2
37lfec
4V2f/c
preferred (quar.)__
$1.06Vi,
Federated Petroleum;: Ltd. (interim$3o
Fibreboard Products, Inc.—- •
7 /
7 ' ' ■
,
(s-a)
Preference
;
"
12-317
.1-
2-
.2-
.
20c
2-28
2- I
$1.25
3-30
3 s $2.25
'
."IZI-
12-31
12-31
■''}• A'T Si
y
■
' "1-15
,
2-1
$1.12Vi
•
Corp.-—
75C
Anderson, Clayton & Co. (quar.)
Anglln-Norcross Corp. (initial)
Apglo-Canadian Telephone—
-
i quar.)
3-1
Af/'/i 7
10c
$1.50-
-
12-31
1-3L,
2r I
6 %
.
Ampco Metal, Inc. (year-end)
Amoskeag Co., common (s-a)
3-15,
40c
Cine.
'
•
'$$1.38v
■■
Federated
.
2-1
-
•
Orleans
7 1-31
:$25o
Corporation____
Federal
1-10.
the two
.
& Electric Corp.—
preferred series. A (quar.)___________
Cumulative preferred 5% series
(quar.)_
5% preference (quar.)
Columbia Pictures, $2.75 conv. pfd. (quar.)
2- 1
'.'^lOc
;
Quarterly—
Grain, Ltd.; 6^%
.
1-10
Columbia Gas
/
$1.25
2-28
•
1-15
126
(quar.)'__________i..u
Coast- Breweries/ Ltd. (quar.)_.
Coca-Cola Bottling
(St. Louis)
:
Colgate-Palmolive-Peet Co., common (quar.)
3? $3.50 preferred (quar.)
Collingwood Terminals, Ltd., com. (year-end):
1-21
50c
1
1-10
••
New
Common
1-15 3
3-28
30c
$2
1
2-
,A'*'v>ev
preferred- (quar,) J___
preferred (quar.)i_
Stores Co.; common (quar.)___
Class A
(quar.)_—
1-15
$2
American Zinc Lead & Smelting—.
$5 conyertiblo prior preferred
(quar.)
<a7o, preferred (quar,)_.__
;
on
12-29
1
Inc., 7% pfd; (quar.)
Fair (The)
-preferred (quar.)
Farmers & Traders Life Insurance, Syracuse
1-7
.
Corp.____________.___
Power
Bank
preferred
Cleveland
2-
;
(quar,)______
American Sugar Refining, com. (year-end).
American Viscose Corp., common
(quar.)
5%
preferred (quar.)
2-
1
.
City
'
37MiC
(quar.)
cleared
9
1
(initial).
common
Faber Coe & Gregg,
12-26
1
2-
$4-
payments shown above
5%
30c
Co.
4-
1-31
A
33; •. 5%
1-21
,
Y-
t 3-
1
1
3-
1-30
$20c
"Eureka Pipe Line Co. (quar.)
.
12-20
1-25.
2- 1
1-31
$4
,
York
1-31
3-20 ,:>> 2-22
2- 1
*
now
,3-
1 : V
Stainless
Extra
2-15
,
5%
1
1-31
.
,
American Light & Traction,
6% preferred (quar.)_
Quarterly
Cincinnati
75c
•
New
National
The
1-17
l
12-31
331-10
quarterly basis..
Cheney Bros, (year end)
Chickasha Cotton Oil (quar.)
1- 3
2-
I2V2C
1-21
2-15
^
1-19
21
12-31
:
20c
preferred (initial quar.)
preferred
3__
7% .preferred.
Cerro de Pasco Copper Corp.
1-10
2- 1
50c
t$L25
Amalgamated Sugar, 5% preferred (quar.)
Corp.
1-
12-31
1-21
25c
6%
Chase
2- 1
40o
1-21
1-21
'
are
1-21
,
2-1
New 4%
1-14
,
7
8
1-11
?
1-15
•
12^0
_______________
preferred. (quar,)_
Central Power & Light—
1-15
1-21
arrears
3-26
8
2•
Steel__v-_-_—___3__—V. 25c
1-25
Eastern Theatres, Ltd._^_____i_'__^.3'_—• 7:'$50ur-;';,:2- 9. ;
Ekco Products Co., common__
30o
2-1
-preferred lquar.)_^—
$i.X2ya •' 2- I '§
Electric Bond' & Share $6 preferred_ii_i.__
$1.10
2-1
7-3''.$§;: 'prefeiTed_-___________J____________.
90%o
2- 1 3
;• Electrolux
Corp;
\
• 25c
;
2-113
Ely 0!-Walker Dry Goods,, common (quarj*./
25c
3- 1
Employers Group Associates (quar.)____^_
;3:
25c
1-31
7
3-5
>
1
$1.25
5%
1-18
1
2- l
2-
56 V4C
_____
Investment
Central
•
Corp..;
Co.
(quar.)_
Petroleum
\?2;
4o
(A. S.)
Aluminum Co. of
Canada, Ltd.—
55S>. preferred (quar.)—
Amerada
3Central
31-15
2-1
133/4c
12Vio
Fund, Inc.
of Reo.
..
1-25
.
'
,
Aireon Manufacturing. Corp.—
•60c conv. preferrd
(quar.)
Allied
Payable
8TVzC
Corporation
Affiliated
Roldert
25c
2-
:
1-31
v:$25o
$4.50 preferred
Eastern
1-15
2%
pref
Ohio Ry. (quar.)
preferred (quar.)
(quar.)
above issues.
■
wnen
Chemical,
3-1
$56
&
(accudi.)
(accum.)
.
■!-"3'3po377":^vj 7 yi-if,;.:
*(E. I.)-de Nemours 8s Co.—-37-;- ;
3;
Eastern
.
1-15
$10c
(quar.)
1
; :;:;$75c
B
duPont
•
1-15
3-15
$$1.75
preferred, (quar.)
preferred
6% preferred
Companies
.
•
2-1:
50c*
'
•
Railway 4%
4l/2%
3-
,3 'v$30c 7
<quar.>w
(quar.)___-_
preference
'..
Class
Duplan
1-12
2-1
•
$$1.75
Clinchfield
$$6
Name of Company
*20c
*38c>
(final) _______
Corp,—
,
Per
1-12
2-1
$25c
Central Electric & Gas Co.
(s-aU-_
Central Hudson Gas & Electric
-
Industrial' and Miscellaneous
/
,■>:>
n
•
7
2-14.
I
A 2-1
1
.V
7
7
712-10
1
'
:____;v
•
Cesntral Illinois Public Service Co.-—
%
-
*25o
(final).;
'•
Corp.,
Celotex Corp.
Below we give the dividends announced in
previous
weeks and not yet paid.
The list does not include divi¬
dends announced this
week, these being given in the
,<•
1
1-19
-
2-28
2-
n
$1.75
Canadian Investment Fund, Ltd._
Canadian Investors Corp., Ltd. (quar.)_
,«> 33-
(quar.)
Industries
Canadian
.
^-15
!
A
Carolina
Abraham
$1.
'
■■
Power
Carrier
Acme Aluminum
V. l- 5
_____
1-21
3-20
■
»
•
'
2-
40o
■
..
,®5o
-
preferred rtquar.
■
v
2-
.
.r
•■■7?; 1-24
.
-
$2.50
,4%% prior preferred (quar.), il.^1^
\Vz% conv. prior preferred (quar.)
$l.l2y2
Young-Davidson Mines, Ltd. (interim;
;
•
2c
preceding table.
2-1
.
1-25
1-23
-
1-19
$1 7
4
.
1-25
2- 1
$1.25
Worthlngton Pump & Machinery:—!
-Common
1-15
2-
$1
$1.37%
(quar.)
(s-a)
■
1
____
Wilson Line, Inc., 5$ 1st preferred
(s-a)
Wisconsin National Life Insurance Co.
;
.
_
Wilbur-Surchard Chocolate—
(quar.)
(quar.)
.
,
.,
(quar.)-,.
preferred
Y.)
Co.
Mills
1-17
1
1-20
3-
:3-
.
'
Dominion Woolens & Worsteds, (quar.)__i__
$121,4c
7Dun & Bradstreet, Inc., common__^
v
50o-.
I
4^^"'preferred' (quar.)3_3--_-___-_-3__;3; 3$L12%
Donnacona Paper
Co,,; Ltd, Class A
:$26c.
::
1-17
2-. 1
75c
3, t$1.25
Ltd. (quar.)
Fabrics, Ltd^ common
Dominion Tar &
1-23
2-1
.
2-1
2-
10c
_
Cotton
2■
,
6
200
-
|
5
6
8-
;
Extra
7.42-25
3- 6
2,<)■ 5-
8-15
.
.
M.)
Elec.
8
$1.25-
Fence-& Wire Co.,
(A.
<
'
3-30
77
2-1; 4
>'•:
t$l.50 7
:
2-15
:5-15
-
:';(quari)-_._^_i_C-._^Zi____-_i__iZ_;:.3';;62,/3C!,3.-'''4-'
redeemable
1-21
,
3v7:75c
common—
•
1-21.
1-10
3-3'3$75C: '3" 2-- 1
V7 Second
preference '■■■(quar.)3 $37Vac
2- 1
Dominion " Malting Co., common .(quar.)_.;
$20c
2-1
5r,'o \ preferred
iquar.).._
$$1.25
2-1
Dominion Oilcloth ^..Linoleum
(quar.)____
•;. $30c
3* 1-31 *
5Vafa
8%
:
.
Co.,
1
y'v 2-31- '..31-25
67?- preferred. dquar,)______^_
7
3-
of Reo.
■
50c
3
-
Mines,
6rv dst
'
1
(quar.)
(year-end)
"
'
'
:•
•
'
2- 1
t
,
,
3-11
500
Corp.-Seagrams, 5% pfd,-(quar.)__
Dominion
1-31
3-30;;
:* 75c
Co., $3 pfd... (quar.)
California Oregon Power, 7 cIo pfdi (quar.U$1.75:
1
GVfc preferred <qualr.)i_._u*_
$1.50
6% pfd. (1927 series) (quaiO_i___i_i„L«
$1.50.
California Packing Corp., com,
37y2c
(quar.) i__
5%
"
62y2C
preferred, (quar.)
Canada Cement, Ltd., 6Vz% pfd. (accum.).
*$i,62y2 7
Canada Northern Power, com. (quar.)
*15c :v
Canada Southern Railway
(s-a)___
*$1.50
Canadian Breweries,- Ltd. _3__U— 3.-U
*25c
Canadian Bronze Co., common (quar.)
." *37%c
3':; Extra
: *500
-8% preferred (quar.)
;
$$1.25
Canadian Celanese, Ltd.—
Funding rights (year end)
J,
$$t
Canadian Conveners, Class A (initial quar.)
$183/4c
Canadian Food Products, common.._3_
$12V4c
1-22
'$1.12%:77 7 2-15
__
(quar.)_
Wheeling & Lake Erie ,Ry. Co.—
4% prior lien (quar.)-
;7
2-15
:
_
Qas
California
1-22
25c
^
& Paper Co.—
4Va % preferred (quar, ) _™_
>
1-29
Union
California
1-21
$17
,
•
West Virginia Pulp
3-15
2-1
(annual)
-Extra
Wentworth Manufacturing Co.—
$1 convertible preferred (quar.)______.
;•
3-15
25c
....
v:
pfd.
4•% preferred (quar.)^_
Co., 7% pfd. (quar.U__.__.i-_ A
Caldwell Linen Mills, Ltd., common
80c 2nd participating preferred (quar;)__
$1.50 1st preferred (quar.U—
-v—i
3-10
75c
,
■
$1
•>. ;
-
.
$3 preferred
Weill (Raphael) & Co.
Brown
Byers
Ltd.—r
Worts,
Quarterly.
,.
3-15
3
(final)
1-
'■
3-20
62%Cr
Bullock's InCi,
2-10
■
2
3; 3;:
(quar.)____.
Dome
HolAere
y
50c
Cup
33
1-10.7
•v
2-20"
50C
14
1-21
1
1-28
$1.50
receipts
(quar.)
Trust Co.
(N.
Brooklyn
3-10
2-15
—
7-71-15
v
2-
i
n
'y
v
-Corporation__3.i____r_l.___w__::'
7\:,l-15v
1-31
2-1
:
-
'
t
iquar.
preifcired
33' Glass "A
1-31
16c
•
Dixie
3-12
97c
I.
1
v
When
'"Payable
\V.3^J 25c
5>%" preferred (quar.
57* preferred -(quar.
Distillers
i
>
Mfg
Diamond;Match Co.r6Vtf partlcip. pfd, (s-a.)
S% participating preferred (s-a)____•
:
•
s4
50c
3___._
,
&
Detroit-River Warehouse
2*
'"••••3-
,
Per
Share
Divco
1
$1.50'-
v>V
preferred
Bronxville
$11.50,
deposit
1-15
12-28
2-15
6'fo prior preferred (quar.)
;__
*$1.50'
Broadway Dept. Store, Inc.;-com. (quar,)-— AAw .250"5%
r
;
•This payment clears all arrears™____,__,,'
'
American
1
2-
class A__:
British Columbia Telephone 6'fr.
3-9
3-15
50c
1
2
v
-,4U
75c
**.».?'
3-
2-
v
Corp.,
2-
2-15
:
(quar.)____i____i_______
Brewing Corp. of America
British Celanese, Ltd.—
l.\ '' -if
r
,v
_________
preferred
conv.
3-15
2-ii
$2
Co.
preferred. (quar.)_s__
Roller Bearing Co.
Brandon
.
$1.25,
$6
1-15
5';«>
,
■-1
1-19
63y2c
>.•
:
.-
Fund, Inc, (year-end)_r
Quarterly
___'
1
2-15
1
Fisheries,
1
2-
$02 V2O
Boston
3-
1
Booth
2-
'V
1-25
1-15
1st
(quar.)
4-
Gulf
7%
1-25
1-10
.,V.
pfd. (accum.)____ >■■
$1.75
7 %
1st preferred (accum. )_v-—__.-_
$3.50
Bon Ami Co., class A (quar.)
> AA" $1
1-30
Sulphur Co. iquar.)™—50c
Thermoid Co., $2.50 preferred (quar.)
:.7, 62 Vic
United Artists Theatre. Circuit, Inc.—
',
U.
C.),
2-. 1
—
5%
preferred (quar.)
United Corp., $3 preferred (accum.)
United Fuel Investments, Ltd.—
(H.
-:v":
1-21
:f3> 3
3v V '
.
■
Co.—
.'Detroit-Michigan-Stove Co.—-
4 1-25••••'
.
Mfg.
Gasket-
Detroit
1, ; \\T-184
1
2-15
22y2c
:
333/;V■" ■
$6 .convertible prior preferred; (quar.)__M■■"><
75o
8fb debentures 'iquar.)™_____3^______:i-.. ..3 $3
1-15
...
2-15
50c
"
Brothers
Corp., Ltd.— ...ff; +''/■
preferred (quar.)
Bohack
1-' a 1-25
__
__
">;-'25c-
Co.
Ribbon
Blue
)/l5 %
2-1$,
3-
Co
Water
•
2-25
$1,50
2-
2-
.
Name of Company
Denaison
.
1-22:'■>1-'; 7
50c
•
50c
Stoker
30c
$1.75 '!•:
-
''
1-15
1-31
(quar.)____._ V,..:
$1
Birtman Electric Co., common (quar,)__j___
'.v';. "25c-'
$7 preferred (quar.
7:^ $1,737
Blair & Company_____j.__
20c
■>:
1-31:
Sterling, Inc., $1.50 conv. pfd, (quar.)
37MjC
Stott Briquett Co., Inc., $2 conv. pfd. (quar;).
50c
Sun Ray Drug Co., common
>-.7
20c
6%: preferred. (quar,)__:
37 Vic
Swift Si Co.
(quar.)_
40c
Special
30o
Standard
$3
Industrial Loan (year-end)
Hedges, $2 conv. pfd. (quar.)__
Stores, Inc., 1% preferred,™
Best & Co., Inc. (quar.)
12-29
2-15
V-V'
___
6%
preferred (quar.)
SoutlV Bend Lathe Works__;
Spencer Kellogg see Kellogg
s-a),
Shoe
Saco
v..,/:
vf Reo.,
1,
1-31
'
(initial
&
Payable
*
7c
Monday, January 21,; 1946
H older k
When
-
Share
:
common...—
&
Benson
Biddeford
2-11.
150
Corp.,
Beneficial
Berland
■
13%c7.,;. 1-15
;'',:77,>7 7<7>Vv:)7
Name of Company
:
Preferred
350^ 2-. 1 A.■ 1-18
_
___
v
•
.
Beneficial
2- 11-19
3- 1
2-15
4- 1
3-10
2- 1
1-23
2-25
2-11
3-15-7 2-28
3-15 i ^ 3- 1
25c
25c
$lvl2%
„
Per-,
■
of Rto.
Payable
Share
10 & 25c Stores, Inc.
(Jacob) Co., common
Holder*
'i.
1-12
.
.51
$1,604
$1.50
j- j
40c
SI
$1.62y2
2c
2-20
2-1
3- 9
1-31
3%c
1-31
1-15
1-21
3- 1
2-14
1-25
1-15
3-
1
12-31
12-31
Volume 163
Number .4457
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
"
When
Holdera
Per
When
Holder«
■
■
Name of Company
Insurance
Extra-
Co.
of
North
(s-a)
A
Corp.,
v
40c
(quar. )_____*
common
4Va %
pj^ferred (quar.)
$1.12Va
Inter-City Baking, Ltd. (extra) ___J_*_**A* A!
AA- W:
International Business
Machine
"A 7%' preferred; (quar.)
International Resistance^-'
6%
preferred
(initial
International
1-21
1
Pacific
/
J
Pacific
A
3-11
2-21
0
-A;
1"
$1.75
2
Utilities
7 Vac
V'
Penman's
'
l-io
3-
50c
1
-6%
2-15
'
.'••A/-
-A'
8%
preferred
(s-a)--":
$4
4%
2nd preferred series A (quar.)
Battery Co., common (quar.)—_____
Kalamazoo Stove & Furnace (quar.)—_
Kaufmann Department Stores
A
.
f
a'AV;'- ;.
40c
1-25
1-15
1-13*
75c:
2-
1-15*
10c
1-21
A 2-15
2-1
2*; 2
3-
2-15
2-
& Co.——
& Co.— "<,y A, A '
~
20C
.
Masco Screw Products——,.
t55%C
30c
v
A
common ; (quar;)L. A AA
v
*
:>
preferred
(quar.)
;
.
$7
preferred
preferred^ (quar.)
$7 preferred" (quar.)
Munising Taper Co.; 5 %
.
Munson
Line,
-
1
2-
1
2i
I$1.75
f
$$1.25
*
2-
i 1-15
12-31
pfd. (quar.)
(quar.)__—_
Goods
-National
-
,s
*
Chemical
Year-endV'
L*
1
8-15
1
k
Wall
Board,
1-19
Sherwin
___
68V4C
2- 1
,1-15
30c
2- 1
1-15
25c
2-
1-15
15c
2-
8%
80C
29%o
'
Department
-■■■f
_J_—
National Linen Service
Corp.,
$7' preferred, (s-a),. ——-A
$5 preferred, (s-a)
com.
25c
Tea
Brothers, 4.3'i % pfd. (quar,.)__——
New Haven Clock, 6Va% preferred (quar.)__
New York Auction Co.+-~
Stock dividend_I_—i.—
,
-
.
^
:
American Acceptance
North American Co., 53/4%
1
1..
-
:
Pacific Ry.
RR. of; New
Northwest
Norwalk
&
O'Brien
Gold
Company
Oliver
Corp.,
Ontario
.
Steel
Common
1%
common—
•V>
Mines______—
A
20c. 1
4-
1
1
5c
i
y'
3-15
.
.
1-15
5-1-46
4-15
31Wc
8*1-46
75c
1-31
$1.75
l
1-31
1-18
62VaC
2-
'
$1,083
1
2-11
1-25
2-11
1-25
1.12-15
3-
$1.25
6-
-
37MsC
2r15
12-31
1-21
1
1
$2.50
'
2- 1
'
5-15
1-12
,
...
0
$1.50
;y
5-15
A 6- 1
$1
,
2-15
$1.75
1-17
2-15
75c
2-1
,All
A,-
37V2C
1-18
r-h'
.
2-
A
A-4'' 'z'
11-17
4
1
—Ay 31V*c
75c
,
■*.'•1-15"
2- 1
2-15-46
$1.25:,
A"
Corp.—
2n 1
2-15-46 2^1
"
;
.
••vx$l;25:v, A 4- 1
(initial. quar.)_*.—__i—
:1
1-19
A - yp
■
93%c
3i?20 "
:2* t
.
22 VaC
12-31
<Sc Paper,
6%
13%C
.
.
'
50c
lt
i
1-19
r2- 8
2-20
__*»*
' 2-
-
20o
$1.82
.
3- 1
2- 1
3- 1
1-31
50c
:
$20c>
•
1-19
2-20"
S-20"
20c '
A
;
2- 9
,
3-1
20c
,
'
1-31'A 1-13
A 2--1
1*15
■
A 7
'
K'.2-1
1-15"
:25c(-f
'
**1_
(quar.)1
I-19
,•
25c
A
—
2-
A 3- 1
»
50c
2-
-
?-15"
-
4
2* 1;
;
1-15
1-15
1
?• Irl5
120c
2-' 1
1*15'
A 2* 1 :
1*15S;
$3Jiy40 A,2- 1
1-15
lAA'-AAl^AA-'AAirlAAI'V -'I-A.V
'
"
;
.
$37Mic
„
x
$19Q
pfd.—
,
1
r%',f'
lr20
''■y.;AAA",
1-18
$$1.50
1*15-46
12-20
40c
3-1-46
2*15
.y>'.l:y
V12-28
450
5%
preferred
/
$1
$3.60
Toledo
1-15
2-15
1-15 A
A
preferred
$1.25. pfd.
Co,. 4Va %
Corp.
class
A
(Cal.)
12-31
preferred
'
fj
;;
\
'
*"•
i-
^
^
*'
.V-'
:•
(quar.)
A
50c
1
2-
A
1
2-1 /
or
1-
1
v
1
preferred
1-10
1
increase
and
(Nevada)
—
Co., common
preferred (quar.)
(year-end)—
—_
12-28 A
1-21
2-18.
A 1-31
1
'•••
50c
2-
1
A 1-19
58 VaC
2-
1
3CA
25c.
;
—
A,
i
$1.50
2-
1
1-19
1-19
12-31
1-28
2-15
a
United
2-
90c.
41% C;
(monthly),_*___—*——_—
holdings of Treasury notes declined in most districts; the
1-10
1
A
Holdings^
Treasury certificates of indebtedness increased and
net changes, at all reporting member
1-18
2-
5
>
a
2-
,
".
largely in New York City. y.A;;.;vA;
$197,000,000 at all reporting member banks.
of
■'
12-20
2-
.2-
were
Holdings of Treasury bills, increased $103,000,00(K in
••
3 )
$1.75
(monthly)
carrying, other securities declined $118,000,000; these
changes
irr;' :
$1.25
A 2-
declined
2
12-17
2-28
$1.50
purpose
2 >
1-10
A l-io.
$5c
62 VaC
same
$113,000,000;^ loans to brokers and dealers for purchasing
.New York City, $78,000,000 in the Chicago District, and
10c
A i
,A':
,
1A
1-14
1-21
$1;25
1-
..
2-
1M1|,
1
2-
$1.12%
decrease pf $560,000,000 in United States
ing United States Government obligations declined $274,-
1-10
1-30
2-
a
000,000 and other loans for the
2-15
$1 1
obligations: and $318,000,000 in -demand deposits
1
■
•
$530,000,000 in loans; inr
$459,000,000 in holdings of United, States Gov-*
1*
:;
1-25
>
3i»Ac;
"
(quar.)
Edison
6%
6 7c
r
1-
1
1-31
50c
(quar.)
Co., 5%
pfd.
preferred
(monthly)..
/Trane
k
3-
i. 2- 1
$43.92
,_'
pfd,
..1
2-
1
1-31
X
2-15
5%'
(quar.)
Co.—
1-15 A
3*
3-10:
$75c
(accum.);
Tonopah Mining Co.
..
\
Loans, to brokers and dealers for purchasing or carry¬
Pf
1
$75c
,
-
.
•
Vv'*'
Government deposits.
l-i5
3*15
3- lA
31%CA
Inc.
Corp.,
2-
60cA
■
2-15
2- L
1-28
.
$$1.25
(quar.)—.
-
55c
.
$1.12%
,
of Canada, common
preferred (quar;)*-
of
creases
adjusted; and:
1
3-
$1.18%
Inc., $2.50 prior preference
Manufacturing Co.—
.A A
Common
(stock
dividend)
—
1-15
*;•
ended Jan. 9: A decrease of
ernment
—
Co.
Mold
'
k
tie^f shows the following principal changes for the week
1*15
$1.20
(A. G.)
2nd
A.', 4*;
The condition statement of. weekly
reporting memher
$20c 2-15-46 A
(increased- quar.)
:
4%% preferred
(quar;)—r__*_
Oil
*
banks of the Federal' Reserve System in 101
leading ci-i
& Elec.—
Common
$4
}
Condition Sfatemenl of Member Banks
-
■
-4.8% -preferred: (quar.)
Wells
?'
■
?
v
2*
1
2-20
''
r.
of
$411,000,000 in
decrease
of
Demand deposits
banks showed
an
certificates of indebtedness
$238,000,000
in
States Government "bonds
Chicago District,
notes.
Holdings of
increased $88,000,000.
adjusted increased $99,000,000 in the
$55,000,000 in the Cleveland District,
$52,000,000 in the Richmond District,, and $318,000,000 at
all reporting member banks, and declined $57,000,000 in
the
San
Francisco
-
1-10
.
1-15
1-30
1-15
1
Less 30% Jamaica Income tax.
-A-z^-s
•Transfer books not closed for this dividend.
"■
A; tPayable in U. S; funds, less 15% Canadian non-residents'
tax, A A
tPayable in Canadian funds, tax deductible at the source.
Non«
(resident tax 15%: resident tax. 7%.-- a Less British
Income tax.
2t28
1
1-18
—AJY
2-
$1 25
(quar.)>__
(quar.)
2-28
4-
1
1-19
•
37V2c
A
(quar.)**______*L___*;__^__
''
1
$1.12.Va
(quar.)
.
1-15.
2-
$1.06V4
6% .preferred
1
1-15
$2.25
;;
Wurlitzer (Rudolph) Co.
Wyandotte Worsted (quar.
York County Gas
1A
7-15
.
A 1-19
1-10
A.".
A "' A,A
33%c
quar.)
5%
1
.
2-1-46
(quar.)
(final).
preferred
1-13'
1,-15
1
37MiO
1-10
-
1-16
2-
A
.
37VaC
Stores—
common
.1-15
1
1-31
'
2
__—
1
2- 1
v
2-
50c
-
Extra
Thatcher
1-15
2-15
I V
V
12-21
"•
1-18
1
4-
25c
Textron.
1-15 A
1
2-
2-
2-10
$20c
Tennessee Gas & Transmission
Co., 5% pfd.
Texas Power & Light
Co., 7% pfd. (quar.)_
$6 preferred (quar.)
1*15
2-15 A
1.-15
$70c,
2*25
$15c
(quar.)
Tacony-Palmyra Bridge, 5% pfd. (quar.)
Tampax, Inc,
Teck-Hughes Gold Mines (interim)—
4
$25c
(accum.)
l~13Vt
.
Zeller% Ltdi,
Ir25
1*21-
Super
1-17
1-31:
-
1
2-
$25c
1-10
2-15
1-21,
Advance Bag
preferred
7,%
$1.12 VA
*
1-30
-
1-18
;;
$1
Sun
tSl.75
—
pref.
1-29
2-
1
Monthly
Monthly
A
1-18*
12-31
85c
'1%
Suburban Eleotric Securities
1? 8 A
1
'1-30
2-
10c
—
'(quar.)——'
conv.
2-
1-30
$1.50
preferred (quar,)
Products Co., Ltd.— "A"
Orange Crush, Ltd., 70c
2-
11.
3-1
A'"A$6CAA
(quar.)
(quar.)
87VaC
1,
-
25c
$1.25
4 >/2%
preferred,
3-11
2-
87 VaC
■
1*31
k\;
1*15
1-31
50c-
Co.,
■,A.;*i-*/.:"
1-15
-
lvl8*
/
1
1-20
2-1
kStruthers
1-15 A.
,
2-
15C-
(stock dividend)__
**___
Stix Baer & Fuller Co., com.
(year-end)
;
Strawbridge & Clothier, 5% preferred—.:
<
1 !
Co
preferred (quar.)—*—
Okonite
1-16
11
$1
A2-1L'
$1
$l»12Vi
Canada————
i^n I
*2-15
Steel
1-10
2-
60c
1-21
2-
25c
,,
1^28
2*15
7%
2-
$1.50
2dC
—
1-10
foyl-19'A
^ 2-15A
1-15
Sterling,
1
-
1-31
2-1
Power, 6% pfd. (qua?.)— ,
$1.50
Wisconsin Pub. Service Corp., 5% pfd. (quar.)
$1.25
Wood, (Alexander
James) Ltd,-*-*
A;AAA"
7% 1st preferred: (accum,)
$$1.75.
Woolwqrth (F. W.). & Co, (quar.)
:
A
40c
Wrigley (Wm.), Jr., Co. (monthly)_________
25c
112-31
1-10
Stanley-Works
:
2-
,A
1
1-201
50c
$2.25.-preferred_-l_*i*—*1
Squibb (E. R.) & Sons, $4 pfd, (quar.),
Standard Brands, Inc., $4.50 pfd.
(quar.)
Standard Chemical Co., Ltd., 5%
pfd. (quar.)
Standard Wholesale Phosphate & Acids Works
|
37 Vac
(quar,)__
A 12VaC
f|Wisconsin Electric
12-31
2-11
$30c
Spalding
L-16
1-25
1-31 4
25c
?
Rubber
"
A. 25c
.
1% preferred (quar.)—___
1_—
Nunn-Bush Shoe Co., common,
(quar.)—___
5</n
:,:;'5p1A
A
.
Hampshire
Engineering
Tire
1
1-
2-9;
$0.2396
;
Northern Liberties. Gasi_—
Northern
1-15
(Hartford)—
Illinois Corp., common (quar.)
SI.50 preferred, (quaf.)——
Northern
:.2-. 1/
1 $1
2-
.
$6; preferred
I-21
:;
1-31
2-1}
$1;
pfd.——
9
2-
^
1-15
2-
35c
$1.94
Southern Indiana Gas
lrl6
—
Resumed
.
1-21
1/
■
preferred
L>15
2* I
2-
$1,25.
Northern
V
l a
2-
$1.25.
6-151
$2 prior preference (quar.)
1
$4„ cqnv. preference (accura.*1•; Wilson & Company,.; common
(resumed)____
:
Southwestern Public Service—
-
Corp., class A—
Co.
-
;
3-
2-15
A:
12-10;
97VaC
(quart)__—_.
Niagara Hudson Power Corp,—
North
1:5 c.
•
A White Sewing Machine Corp.—
2-J5
$35c
preferred!
'A
3-15
7-1-46
Co. of Cuba
prior pfd.
preferred
conv.
$3i75
2^1.5'
3-20
50c
Mfg. Co.
2-15
?
4-1-46
25c
5% preferred (quar.)
Westvaco Chlorine. Products—
.
1-14
-2- 5
3f*. T'i
16C %
6% participating preferred, (quar.)—
Southern: Greyhound Lines* (increased
1-21
I;
93 %c
convertible- preferred
5%
1st preferred
(accum,)—
Norfolk- & Western, Railway -Co.-r<.
Adj, preferred (quar.)—
:
2-
■
.2-15
,
1-15
1-22,
$1,25.
■"
2-1
Corp.—.**———-L—-
;
York Power & Light
Corp.—
$3.90 preferred
(quar.)
Newberry (J. J.) Co.. 3%% pfd. (quar )sJJt
Newport News Shipbuilding & Dry Dock—•
Insurance
1.10..
2-
New
Northeastern
1-30.
2-' 1
.
$5
2- 8
,
New. York Central RR.--^
• \
; -C $5, preferred, (quar.)—__—
New York Merchandise Co.
-
t
2-15
5%
13c
6%
H
■
Southern. California. Edison Co„c Ltd.—AA1
Common (quar.)^
:———
Southern Canada Power Co., Ltd.—
A? Common (quar.) *__
1—;
3-15
1,1
$1,62 Va.
1
Point
1-15
3-15 "
1
;
(quar.)
,
qtt 1-15
Co.,
'■
2rl5
2-15
,
!
;
2-1
1
$i.l83/i#'
:
A ."1-111
preferred—..
Southern
1
3- 1
20c
Neisner
;
.
2-
3-.
'£ 53Vbc
1
3-1
4-
68%c
A Western. Pacific RR., common
(quar.)__
A
5%
preferred. A (quar.)___—:
Western Tablet & Stationery
-
1-21
2-
-.
•;55ci convertible preferred A (quar.)
Southam Company; Ltd; (quar.
1-14
$3.50,
Co., 4
preferred (quar.)__
Vulcanized- Fibre (initial)
National
4-
Irl5
,
Solar Aircraft Co., 50c conv. pfd.
Solar Manufacturing Corp.— A
.
-
$2.50
.
National
'i .ti
2-15
(quar.)
2-
$1.25
Western Light & Telephone Co.—
.p 'A/A
5 % preferred
—*:
A
1-25
(quar.)_*__**—1_*__
of
\
A 1-21
Ltdr (quar.),—._*
$30C:
Smith (Howard) Paper Mills, common——
}25c
6%
preferred (quar.).——*,—_*.
$$1.50
—$$1.50
>15*
2-1
5c
If
1.-15
$L25.
common.
Electric, 1%
3-15-
■
I
2-15
West
Western Department
1-15
,
A
1
1 tl5c
Slater- (N.)
2-28
10c
Williams Co.
1
68^30
participating.
■
(initial
1-10
$1.50
50C
partic.
4-
<
3-15
$1.25
(quar.)
4-15
^Isllft.
$$1.50
Sinclair Gil
1-12
$1.50
——
1-15
1; 2- 1
Ltd., common^ (accum.)
participating preference (s-a)
40c
v;
1-10
1
2-
4-15
1*35-
Silvbrwcod. Dairies,
W
.
2-
50c
-
preferred Class B (quar.)
Liberty Insur. Co. of America (s-a)
.
1
2-M"'
25c
National
Extra
'
Co.—
pfd.
Stores, 6% preferredNational, Distillery Products' (quar.)__:
"National- Lead Co.<^»
*.
-.
>tNational
2-
15c
—
Sioux City Gas &
National City Bank of New York
(increased)
Container Corp. 43A% conv.
$2
Co.,
Finance- Co.
2-19
National
1-18
2-1
15c
W. Fine: Foods, Inc.
(quar.)———
Lawrence. Flour Mills, com. (quar.)
1% "preferred,
(quar.).*—
2-19
1
1-21
2-1;
.
75c
&
3-1
Manufacturing
$1.
*-■;
$5 preferred (qpar.)_
& Power
*
1
1-;—**_*•/
3- 1
,__——
%
—
1-15
2-15
58 Vic
Washington Ry,. & Elec., 5% pfd. (quar.)__
1A,.5% preferred (quar.
5% preferred (semi-annual)-,.:
Wellington Mills, Inc. (year-end)
#West Penn. Electric—
•
»
•
A, 6% preferred (quar.)___*____—
|A 7% preferred (quar.)__
1-15
.
,
Cement Co.,
$1
Narragansett Electric 4V2 % hfd. (quar.)
Strauss-Duparquet (increased)
National Battery Go—
i.—
—
(quar.).
si
Nathan
...
Sharp & Dohme, $3.50 pfd. A (quar.)
Shattuck-Denn Mining Corp.
(year-end)
Sheraton Corp. (new) initial
Shawingan Water & Power (increased)
5.15
2-
25c
Xf;
——a__
■
$4.50 preferred (quar.)—
3-15
9-
$1.75
A
Dry
Seaboard
——
1
1
58Vbc
(quar.)__*_;
(quar.)__
$4.25 preferred
A-$4.50 preferred
1-21
V 2- 1
1
3-1
„
A
Scott Paper-Company,- $4 preferred: (quar*-)
12-31
6-'
1-17
1*31
.
15c.
A
_
Schwitzer-Cummins
2-15
^
•
1-21
1
2-
5c
4-
2-
53c
Brothers Co., $1.35 Class A
(quar )
$2.50 Class B (quar.)_____
Washington, (D. C.) Gas Light, $5 preferred.
Common (quar;)
1-21
,
1
2-
30c
Sanger Brothers, Inc. (year-end)
Schenley Distillers Corp.——X
1-11
1
A A3-
$1.25
Bros., Ino,-.(quar-.)**———-*—1-*_*
Petroleum, $1.20 conv. preferred
Root
S.
1-20
1
50C
St.
1-20
$1.75
1st
Roos.
2*22
3
1
2-14
1-15
2*15'
53c
Warren
Co.—
Rockland Light
Holland Paper- Co;, Ltd., com. (quar.)
6.%
preferred / (quar.)—--—'—-—
1-12
6-
Class
^
Riverside
2-22
.
37 VaC
——
$4 pfd.
(quar*),
Class.
Schumaker
$1.75
12-31
12-31
2-
1
1
53c
Detinning Co.1i:7%Apfd.,A(quar.)
Wagner Baking Corp.—,A;'*;1;
.A '-1."
5p $3 convertible prior preferred (accum.)__
12*31'
2-
2-
3-
50c
:
Corp.,
conv.
,
50c
*
Vulcan
1-25.
25c
preferred
6%
preferred
iVulcan Corp., $3
1*25^
50c
preferred-————___—
preferred
'
8
1-31
3-
A
12-31
25c
/''Rike-Kumlet'^^mpanyi**^**^*^***.*-***^;';
11-23
62VaC
,4
conv.
"
:75c
;
2-1
lc
00.6%
12-31
1:19.
*—25c
$1.50
(quar.)—
common
—
$4 preferred B
20c
.—_**•-
1-15
1
2-1
50C.
1,2-21
1-31
1-10
-
50c
:
(quar.)
Storage
1-15
,
-
.
Hoffman Machinery
Corp.— /■
convertible preferred.,(quar.)1
vw_
1*19
1-31
.
(monthly)
(monthly)
preferred
Virginian Railway—
•
6%
preferred (quar.)
1* 4
.
1-19
,
preferred
-,1-15,
v
2-15
20c
Vertientes-Camaguey Sugar
1-15
;
1-29-
10c
Richmond Insurance Co. of New York (quar)
1-31
4-1-46
$1.10
'
Inc.
/(resumed)
Rich's Inc.
1-18
3-1
4- 1.-
$1.50
i:
-'2- 2 A
10c
Cold
1
92l/ac
preferred (quar.)
S.
1
2-
.1-
(quar.)—
(monthly):
(monthly)
preferred
2-
Universal Leaf Tobacco
Co., com. (quar.)__
$1
Universal Pictures-(quar.50c
"
,
1
2-
1-15
1-15
>J"'
2- 1
.
20C
$1.54
15c
10c
U. S. Industrial Chemicals
.A Extra
;
.
12*31 A
:2- :i-
:
1
'
2-15
.
$62 VaC
; 1-11
2-15
k
._
1
•
50C
-B—**—**—-_*-**r*-^--—
Rice-Stix
1-18
•
U.
1-15
—
1
i
2-
1S2.50
(quar,)—
$7
1-15 A
V- 50c: i'2-1
Morrell. (John)* k Cov '(quar-.)
__AA.;_AA
Mount Diablo Oil
Mining & Development Co.
'
(quar.) '•
——.L———1—_.
5%
preferred (quar.)
Mullins Manufacturing—
$5
.1-11
Mountajh -States;-Power/-dommort -iquarj^
5
"
1-15
1-31
.
$8
v
1-10
;
prior preferred (monthly)
prior preferred (monthly
U. S.
Al-15
.•
1-15,.
1-22
'■
,}"<5V2%
15C
5* 1
(quar.)—*.—;
6% preferred B (quar.)
15c
2* 1
6% preferred,. Class B (quar;,)———
15c y/A 5- i
Revere Copper- & Brass, 5 V*
$1.31%/ "■Aa-iv"
pfdi (quae
Rhode Island; Public Service Co,—
>
$2 preferred
50c
>2* '.%■■■
(quaf.)—
—r_: •
1-15 A
1
1-31
$1.25
2-
'
•
_______-_____._._—_
,
12-31
_
1-21
"20c-
•
_______
Power
50c
A
•'
prior
5%
A
l-25<'
41 %0
4;1%0- A' 3r 1
,
Manufacturing; Co,—
—_____
Republic Investors Fund, Inc., common——
6% preferred-A (quar.)
6%
12-29
1
A 3-
;
A
prior
5%
•
2-15
2-1
■
■
Mitchell; (Jj S.): i&r Co.,. Ltd; (annual)______
Monarch Knitting Co.,
Ltd., 7% pref. (quar;).
.A
5% preference (quar.),——
__A~
Mcnongahela Power Co.,- 4.40% pfd. (quar.)
Montana
2* 1
Reliance
3
1-15
1-19
2-
2-15
58 VaC
common______
(C. A.) $2 preferred A
Reliance Electric & Engineering
;•
1-31
2-1
'C6.-\(quar.)i,——.
v
Class
1-28
,
:
1-
; 2.-1
(quar;)
A_AA_ A
S1-;
Mercantile Stores, 7% preferred'
:
(quar.)
$1.75 Merchants Fire Insurance^ OoA 7V&
pfd;—A/
$3.50
Mercury Mills, yLWA(quari)<AA/A__AAA'- y" $20c
Middlesex Water
50c
:
America
preferred (quar.)_.
Co., clrfks A (quar.)_—
Reading Co.,
1-15
60c
-
41 %C.
•
•
1st
Randall
1-15
1
$1.21.
_
AA_aaA--A_A_..'
Corp;,:
1
,A2-
$1.50
________A
McLellan Stores* Co.,
commori; (quar.)A~A
16%
preferred (quar.)
Shoe
of
80c preferred; (quan)
6%
,
1-18
V3i;
.V
$3
(quar.
preferred
1-18
12-31
.2-10
75c
McCrory Stores Corp., 5% preferred—
Mclntyre Porcupine Mines 1:(qua?;)uAAAA
McKales,, Inc..(s-a )A-*A_AA-_____A__1__
4%
Corp.
Common
'
1-17
1-30
10C
—
1-11
1
2rl5
Railway Equipment &, Realty—
;
Massawippi Valley RR. (s-a) _A AAA
Maytag Co., $3 preferred (accum. )____*.__
A Melville
f
1-18
.
2-
.
;
1
2-
4,% % preferred A. (quar.)_——
$1.06%
Marathon Corp, (quar.) A~A*_ A_
25c
AA__AA
Marshall Field.& Co., com.
(increased quar.)
30c
A
rr.
Reed
$1.06%
(Henry- C.)
(quar;)_
1
1-25
•
:
1
1
2-
25c
1
J
preferred
A. 7%
1-11
n-A
(quar.)
(Mo.)-—
1;A 7-% prior-preferred (monthly)
_'
—;
AA7% prior preferred (monthly)
United Merchants &
Manufacturers, Inc.—
■
2-
2-
25c
50c
_______
>
2-15
37 Vac
,
1A
(monthly) _—-.*_i;——
Purity Flour Mills, 6%. preferred (quar.)—-
J
1
50c A;;-3- 1
__
3-
preferred
'
Radio
1-22
3- 1
$2.50
(quar.)__
3-
A": Radio-Keith-Orpheum, 6% preferred—;*
Railroad Employees Corp. Class A (year-end)
Class. B' (year-end)
A;
._**_«.__*
1*14
50c
>
8 c/o
1-23
25c
82 :
County: Gas & Electric—
preferred (initial quar.)_____
:
'
2- 1
:
$1.75
2-
$1.37 Va
Public. Service Corp. of N. J.r—
2
12 Vac
A
,
preferred
1-
3-15
1
A.
2-15
$10c
...
6.36%
12-31
-4.
preferred
6.36%
v
12-31
$1.50
(quar.)_—-—______
•*" 'S1 **f.'** f**
preferred (monthly)
preferred
(monthly).*.*.-*
5%- preferred • (mpnthly)—-
1-15
2-
1
1
1-20
class
Ltd.***__._.
Corp
6.36%
1-20
2-
7%
A;:'2-/11
1
4-
$1.50
5 xk % pfd;; ( quar;) -
Common.
50c
Extra
A_AAA1:A_AAA_A__A
Louisville Gas lit Electric Co.
(Ky.) common
■
1-31
•
75c
25c
Gamble Co.
1-151'
'
2- 1
,
&
preferred
Gas
Canada,
Tool,
6%
1-. 5
6c
Power-,
(quar.
&
■
$38c
of
United Light & Railways (Del).—
6%
preferred
(monthly)
1-21
50c
•
1-15
t
A:'.VA> -A.A
(quar.)
Drill
$3.70
Public Service Co. of Coloradp—
1-15
2-15
1
56Vic
37 VaC
&•
1st
:
1.
Electric
preferred
Procter
'
—
$6
6%
y-.A;1
2-
75c
;
Employees ..stock,
Potomac
A
preferred
8%
4
$1.25
1.'
United
1
;
.;
2-
1* 7
1-21
1-3.1
31c
prior
Class B (quar.)
United Electric Co.
2-15
2-
2-15
3-20
1-31
United
1-15
20c
1-31
1-10
Class
Pr1-16
$1,50'.
2-15
1
9
,
2-19
92V2C
quar.)._:
California
1-15
1
1-19,
4-
2-15
of
United Distillers
3*
2-1
,
2-
•
1
A
20c
62V2C
$1.12Vu
(initial
2- I
1
preferred (accum.)**.;
Pittsburgh Bessemer & Lake Erie RR;, (s-a)
Plymouth Cordage- Common,
2-11
'
tquar„)___
(quar.)
United Corporations, Ltd.—
1-10
2-
$1.20. participating
;
(quar.)
Corp.
Missouri—
25c
Oil
$1.25
A 1-10
2-
V r:
j—
- •
,
preferred
1-15
6
United Cigar-Whelan—»
-;.
3-12
1
1-25 A
A *50c
(s-a)
Railway Co.—
Year-end
1-8
40c
*
McCall Corp.
& Electrotypers, Ltd.
& Northern
Street
of
1-12
2-
(quar.)
Union
1-11
1-25
$1
accum.)
1-15
$1.75 A
Taylor, 8% 2nd pfd. (quar.)
Loose-Wiles.* Biscuit (quar.)—
Engravers
Salle
1-12
lr31
$1
*
preferred (quar.)
preferred (quar.)
$5
5
1 1-15
1-
$1.75
1
—
pfd,
30c
:Aa AaAa, A
(quar.)
(quar.)
Pig'n Whistle Corp.—
■1
A
1-25
.
preferred
Photo
■
2-
5c,
A
A 2-
2-.15
2-15
12 Vac A V
—
2-
,
Link-Belt, Co. (quar;).
a. A: A:/:. ■ .yAA A
Liquid Carbonic Corp. (quar.)—'—
/ Extra A
ACAA
Lit
Brothers, 6% preferred (accum. )_____'
.
V:
A
3-15
<
—
Piedmont
V*
1-8
1-31
1-31
-4,%
-
La
Electric Co.
$3.70
«
Potomac Edison Co., 6% preferred, (quar,) *,
V/o
preferred (quar,)_——
—;
______
Macy (R. H.)
35c
t75c
1-15
Leece-Neville
Aa
A_._AA:
Legare Co., Ltd.*'6'fc preferred
(accum.)—
Lehigh^ Portland.' Cemenfc (quar<) A--A___A.
Luzerne
,VV
(s-q).d—
Phillips-Jones. Corp., 7%
1-25
:
A 2-16
4-1
$$1.50
$$1.50
r<
208. South
Union
of Rec.
1-31
15c'
—'
$4.50
(quar.)—
Co.
1
Holders
Payable
25c
(year-end)
Tung Sol Lamp Works, 80c pfd.
1-14
When
Share
(s-a)__
Inc.
1-15
1
Corp
_____
Trunz,
1-19
,
1
3-
Extra
1-15
1-31
50c
—
1-31
—
Lyttori
A 2-
$2.
.
1-15
1
2-15
32»/aC
30c
13V'aC
34%o
Lazarus (P. & R.) & Co.
(quar.)
/___
Lebanon Valley Gas Co., 6% pfd.
(quar.)
Lee Rubber &
lire (quar.)*—_
\
Extra
•4%%
2-
75c
?
1
Transamerica
-
1.-18
11-10 A
1
■
A.12-':lA
$20
v
Lord
A
$1.25
preferred
Lafayette Nat'l Bank of Broo!Uyn_____LJl._
Lane Bryant,
Inc., 4Va% preferred (quar.)_
1
1.
*
-
:.
2-
2-
Traffic
Name of Company
1-22
preferred; B. ,(quar.)_
3- 1
$1.10
Pennsylvania Pwr., 4V*% pfd. (initial quar.),-. $1;06%. • A 2- 1
Pere Marquettd Ry;' Co. A;
iyvAb;
5%
prior preferred
(accum.)___*___—.
$1.25;
2- 1
Phillip Morris, & Co., Ltd.—
A/1-11
2-1
15c:
:
1
1-28
40c
100%
•
Liberty Loan Corp. 50c preferred
2-15
20c
'
5%
preferred (quar.)_____
Kings County- Trust) Co. (N, Y.);
(quar.).-.
ICobacker Stores, common--,*.——,——
$1.37'/a preferred: (quarj—
;
Kresge (S, S.)Co._________
Kress (S; H.) & Co.
(quar.
$ Baking—A
(quar.)
;
2-
5C
A
(increased)'*-/;
Kayser (Julius). & Co. (stock dividend)
Kellogg Switchboard.. & Supply, common
*a
2na
$1.25
(quar.)_—
common
4.40%
1-31
1-31
$I
a-A;
W
7%
2-
—__
Year-end
■
Kroger-Grocery
(year-end)
Pennsylvania Electric- Co.-*-
;
"
K
$1.25
4
(quar,
Ltd.,
preferred
Penn
830
1-2Q
pfd—_ A
CQrp. (quar;)
3-15
A
f
25C;.
-A' 14c
Mutual, Inc. (year-end)_y
1-21
12-31Jacobs (P. L.)- Co. 5% preferred1-19
1-31
62r/2C
(quar.)..Jantzen Knitting Mills, common
ioc
A 2- 1
1-15
(quar. )•_**,A
3- 1
2-25
■0,5% v preferred*-■ (quar.),»-;ii^S^-ic^^i^A
$1.25
Jeanndtte Glass; 7% preferred (accum.)____;
2-28
1-15
$15
Jewell Tea Co., Inc. 4'A %
2- 11
1-18 A.
preferred (quar.) ;y
Johns-Manville- 3 '/a %■ preferred.:
2- 1
1-11A
A' 87VaCJohnson
Davis & Co.
Per
Of Reo.
1-28
■
Co.____^_—
Corp., $3.50
Investors
&
preferred
1st
of
Finance
S1.4Q class A
■A
$1.25
Peabody Coal Co., 6 r/c preferred (accum.)__
y Peninsular Telephone Company— 1. •.*<;■,
Common (quar.).
'
—**.———_
;
Intertype
Johnson
Coast- Co.,-$5
Payable
■
_______
.
A
quar.).«.»!-»■
Share
h
Company
Calif., 5% pfd., (quar.)
Pacific Lighting Corp., common, (quar.)**—;
1-21
M7A1 Pacific, Public Service, $1.30 pfd. (quar.),„_;
1-31
$1.50
,______A
_
'
'
-
Parke
_
International Textbook
A
1
A 2-
VA
Corp.— AAA:
%r! New (Initial; quar.)
^_**_**!AlA:iiA:/
International Nickel Co. of
Canada, Ltd.—
.
2-
*
-
Outlet
12-31
-Name of Company
.
; -1"
12-31
2-15
50c
' ;
of Rec.
2-15
$1.25
•
Interchemical
Payable
sftar^
AA-Aa'A
America
District.
,Time
deposits
increased
.
ivimwkmww iinww
■
THE COMMERCIAL & FINANCIAL,CHRONICLE
I'356
—
annual
$58,000,000. United States Government deposits declined
in all districts.1 '/:■'.X;
7>..:W:.''■! yHyy
Deposits credited to domestic banks declined $o9,000,C00 in New York City and $76,000,000 at all reporting
^member banks. '
/),.
-
'•
■
1>'
.
+
'f
i.
k
*
doUarnK^,
i
>
*
reports that
JUne -30, 1944,
stock,
>
■
sih^typewriters, billing machines,
tabulating machines, teletype maautographic registers and other oflice ap->•'■>
;These- forms. ipelude
sales
tickets,, invoices, - purchase i&V*
orders, bills of lading, payroll" checks,. stock requisitions, cash reports,1-
chines,> fanfold machines,
^
from
$4,908,141,
2400.
$4.95
or
v/
renegotiation
share
a
++
pliances.-
contracts
war
I
:
the
particular
cedures'.v •.•
t
originally
reported.—V.
+ /J,
; :r V
for fiscal ;
162:
i
::
v
—■Earnings Riser^
requirements
of
each
customer's
••
.
..
office
or
factory
pro- ;;v
Vj;
.
-The
1.\.j;-
■;«
■
of
Titl« Guarantee & Trust Go.> N.- -Yi^~Dividend
Jan; 10,
company
also sells autographic registers which are designed
use
the
company's forms and sells -accessory..: devices to adapt £1'
to
Outlook
f
hiachines to. the
fk
l::•';•
•
of
use
the types-of forms manufactured
by
•
conipany. Registers are sold primarily,
a .means of .promoting •?.
.Despite Increased-earnings, -payment of dividends on: this- company's
the sale_ of register stationery: ..andtbe.> sale i\of ; registers,» which :-f
stock is not" anticipated in the
near-future, George. McAnenyr-Chair-" ^accounts for a-small part, of total ..sales;; has not. ;been prof itarble-tv
man, told stockholders at the annual meeting held, on Jan.. 16.
-He :j in > it self.;y Registers and accessory-, devices are manufactured upon**;
; 1945v:
1946
194G
V y
;■
.
Deore*«M+-) Bine*.:
"i »
A
...'
inventory, records,, statement notices, sales ;records, warehouse orders
and receipts,
insurance forms and notices, banking; and brokerage i
year
ended
resulted in a; decrease in net- sales-to
; forms, and other forms of office reports - and. stationery. :-i* In prac- y>8157,180,244 from-$159,073,741 and a dcciine in net profit to-$4;377,962,.:i<
tically every instance the forms, are, designed and printed to; meet
equal to $4.41 a share on the outstanding 991,975 shares of capital
+f:'
p.
Jan. 2;
\
.
21, 1946
.—
+
company
ji.r-.• \ *
Jan. 9,
3239.
p.
Tlmken-Detrdit Axle Co.—1944"Renegotiation—^
The
••
:'
c.'.
f
♦
162,
.
,[■*"« " j / * reporting
j
'
tin millions- -of
;
fnemil term.—V,
of the assets and liabilities of
A summary
member banks follows:
meeting Wednesday. May 8; when directors will be elected for %
Monday/January
—7
J
—<
11
•
V
Assets-—
Industrial, and agricultural
Ioans_
Loans
:
brokers
to
and
dealers
tor
to
V
chasing or carrying:
$177,965,: most
—274'
763*;-
.w-118.
Other securities
'
{'*>112#
V
balances with domestic banks
As
+r
+
-—-———
,
'v
'
1
,
"
W.
demand
71 :
deposit accounts- except
8;
Gov't
accounts,
j;■> ; : ::
U.
and
•during week
—•'"Jen, 2 figures revised (New. York District).
p?
,
manufacture
-
-carbon
paper s :
Y-'
> ••?;
s Pr°ducts are: sold under , tbe^ trade ,■name Uarco- and
individual -typed are distinguished by additional-registered trade desig-?^:
31,
a-verage
..r
•
...
;;
naulbns of which
j.
Pick,
*
■■
tne
Mani-Fold,
Forms.*;.
maturity of the company's Government secu¬
'
.
.
.•
,
+/;•■
s'A
+:
■*
-
following
named
and
nob
Jointly
to
purchase
.appearingjaftef thelr_ respective-
i
the
namesv
number
.•
'
of
shares ^,
common
'; >
•" f,.
■
-
■,
1
''
5,500
5,000
Ball, Burge & Kraus
5,000
Shares
"
Kidder, Peabody Ar Co.™™-25,181
will
expire in 1949:- -Stewart Forshay, Duncan G. Harris, Harold;
Hoyt, Clarence F. Lamont, George McAneny and-Joseph V. McKee. «
Forshay, the hew member-of the Board,-Is President of Byrne,
-
•.\
]
<fc Co.' (Inc.k.
„"...
whose
the; class
in:
'i
" Shares +
Kebbon, McCormlck & Co.l 2,POO
Bacon, Whipple & Co..3, 2,000+*
4. Paul II. Davis & Co.™»>^i
elected' trustees
were--
erady
,
Central Republic Co.
2,272
and
Forshay,
A.
Becker
G.
(Inc.)
IncV
trustee
a
of
1/750 '
Ai C. Allyn and Co.; Inc.™
McDonald &
the-
'
.
16.258
.
not
0,,h?J!p°!^pany
«
-j
buildings.^'-Earnings ia 1944-
ofilce
>
Trustee Named—Changes Made in Personnel—-
Bowman
1
15 '
—
161
-
76
*4-
1,198
Borrowings..
58
—
41.016-
Foreign banks
does
Mitchum, Tully <k Co
1,750
Exceisior Savings Bank
Fred W. Fairman <fc
3,50o
Co.r_-r. 1,000
and a member of its finance
s
committee, a member of the Board of
+ 1,724
Cd^'-z
3,500
v*>■ ft' ,.•"• .>
Governors of the Real Estate Board of New Yofk, and Chairman of
f
+ 2,969;
+the Protective Committee-for the Stockhorders- of the United States <
COMPARATIVE INCOME STATEMENT* i"
" 1
;
'Realty & Improvement Co;
-9' Mos+'Endv>
yy, <*', y
"y4*
+1,359
-Years Ended Dec: 31:At the organization meeting of the board • of trustees held Jan,
+
309
: Sept. 30; '45
1944
1943 yyy.' 1942 v
16,•" 1946
v.; Net sales w™_^.-^™™ +5,802,137
■4
22
$7,60.1,801
$7,275,003
$6,885,672 *
Loren H. Rockwell, formerly Secretary and Treasurer, was elected
Cost ot goods sold___.«3,164,759: '3,872,345
3,694,173
9,394,-557
:
Vice-President and Secretary.
Selling: expenses™-.V++'
1,205,921
1,674,097
1,551,400
1,531;193.
v
Donald -M. Jack, John W.Administrative expenses
Boyle^ Frank E. Uher and Thomas H.
602,083
701,806
679/74T
688,^48 H
;
Sheehyr formeriy Asslstant .Vice-Presidents; were • elected ViCe-Presl»
dents.
-'
; ;
Net oper. profit
$329,373
$1,361,552: $1,349,688
$1,271,274
Howard" J, MiSsbach; - formerly
Other income
Assistant Treasurer, was elected
^ 57,393
55,970 ■<«%,. 561366 >
49,663.
+
'
Domestic banks
•.
bonds.'-.1'-:.
'The !
Mr.
318
+
but
.
term
10
184
:•+,
—560
16,144
•IT; S. Government deposits™™
letter bank deposits:
'
*
-
to
+
37,384
•9,461 '
Dec.
New
'850
+
3.
147
Liabilities—
—.
of
■
j'
demand deposits adjusted
Time deposits
depreciation of
$126,891.
; coupon-'
608
•+; • 505
+
.613
form3
.
5,290
+
0--
2,448
__—
-
.
its
-
1
—
10,175
"Cash In vault_
66
1JU
3,395 >
Reserve with Federal Reserve Banks
were
-
88
+
26,825
-
4it f;
>.+
,
accrued'' in
not
.
—238
•7,968 $
Obligations guaranteed by. U. S. Government
though
...
+197
+
12,371
IT. 3. bonds
v
30*
—
-
1,958
v::
_
•-
34
—
.1,684
Other loans
.3
+
1,098
treasury bills
treasury certificates of Indebtedness—
Treasury notes
Interbank
earning
.
'
Debits
was
more important are. Carbonset,- E-Z-Out, Flat-,%
Multi-Fold, .Multi-Linkt, Multi-Plyand -Speed-o-++
»7^':.y4
rities was:fouryears and three months,•
+■
42
»+>;-- - -■r-j-'i. -4^' >—'*
! v+:.;; ; .. ^Company conducts its manufacturing operations, at its main , plant
-f
12
Earnings on the company's stock and bond, portfolios, increased •(i'-** Chlcagb, 111., and two smaller plantsi- at - .Cleveland,' Ohio, and i-y
$83,055 over 1944 although the average yield decreased from 1.617ty
+
380
i'PlT,'- CialIf"> Substantially-All of. the company's printing presses*;'
and related equipment have been
-+
816
'"♦•to
designed .and; assembled >in its own* H
1.358Mr.- McAneny explained that this was due in'; part; to'
machiiie
the
shops,""
+ 2,386
j
large • amount of snort term Governmenis in the portfolio and
in
ii- UNDERWRITERS-~The underwriterg -named* below
part to refunding, operations which resulted in calls of' higher
-+1,285.
;have*6grieed' gev-V"
provision for
1,089
+
^■yHi
>; + 40'v
Loans to banis.
r
which
with
loir sale separately.
-i-
of.
•
connection
-
■^.
+
■
Heal estate loans.
^
years.
>61
othcrs to, me'ct the company's,'specifications. .Since 1940 ^
it has manufactured substantially all -of ,.the,: carbon -paper used * in >;••:
>-ur
+
including Interest of
$714,986,
were
prior
and
Other securities^.
1945
Earnings, Mr, McAneny said, were- determined after providing
reserves for uncollectible
income, additions to title insuranoe reserves
374*'
■A 1,636 1
Othef loans lor purchasing or carrying;.»> 2,418>
it.'
U. S. Government obligations
420
Other securities
i
:•
operating earnings for
_
j
■
company considered it advisable1 to apply, such earnings
increase capital funds...:;
./m;:-; ..••.•:.5;v:;;I
.
pur-
U,8. Government obligations
,v
,
the
further
Net
'
-:
.
_
-
declared
7,242
~
806
580:
>•>
,,.0
:—;
Commercial,
2,806
_
8,278
+
—110
■
,15,310
hoans—total-
+
7«: ,-t +
67,838
Loans wild Investments-—total
:
<+*'•>
$
•
-
^Assistant Vice-President.
Charles
A.
n
-
Balthazar
Conrad.
and
Assistant
formerly
Lewis,
B.
,
.Total
income
_L™_™-
'
Stalemerii of Condition of the 12 Federal
Treasurers,
•
elected
Reserve Banks Combined
""
thousands
(In
+
•:
•
1946
1945
75,005
622,800
•
5,942
796,381
Total
Other
tndustrial
loans
advances
209,940
lis
>*4'^
1,826
•
36,442
;+
30,776
+
80,525
56
—
12,500,186
;
:
.Notes
..
1359,700
•
v—•*-7+-•
Bonds
»
—280,600
3,529,911
Certificates
.
v
-■
Provision
Pay 25-Cent Common Dividend—
163,
Trans-Marine Airlines, Inc.-—Expands
Cr75,800
Cr64,525
33,973
139,600
164,-154
$412,950.
$312,942;
$355,354
$298,1941
Union Bay Slate Chemical Co.# Inc., Cambridge, Mass.
—Transfer Agent Appointed—
The
-
State
Street
Trust
Co.,
Boston,
has
MasA,
beep
•
appointed
transfer agent for the prior preferred and common stock.
(The) United Corp.—$2 Accumulated Dividend—
;, *
Service-—
v
The
no
directorsf, on Jan. 16 declared;
of
accumulations
value,
par
tribution
of
payable
the
on
Feb.
14
dividend of $2 per
a
$3
cumulative
holders
to
of
share
preference
record
Feb.
port passenger service
on
-
stock, +
2.
A
dis- +
$1.75
per share was made on this issue on Feb.; 14
year, as against $1.25 on Feb. 14^ 1944.—-V. 163, p. 112.
lit is announced that this" corporation has opened a new air; .trans¬
to Florida with the inauguration on Jan. 14 of
York-Miami flights.
Announcing plans for these winter opera¬
tions, the company states equipment will consist of de luxe 21-passenger Douglas Airliners v.hich will operate on a group charter basis
between LaGuardia Airport and the Airport in Miami, with an exten¬
sion air service linking Miami and the Florida Keys.
One-way fare to
Miami is $110 plus Federal tax.
Flying time to Miami will be about
f t seven hours and each passenger will be served a box lunch en route.
This corporation, whose operations now will extend from Cape Cod
to
the
Caribbean, is one of the newest members of the aviation
industry.
«It started operations with an air service between New
York
and
Marthas
Vineyard,
Nantucket and Hyannls,
Mass.," on
256,030
Cr32,000
•
>-™--_
+'
112.
p.
220,461^
645,250
758,000
post-war
'Surplus
••
.
' f 218,000
;•
-'
for
emergencies
*
~
163,600 % y 219,000
403,800
823,000
tax-post—
refund
-war
-
:
•
'
and surtax.-
profits
account
108,521
—
946,892
--T-'
:
Banking
Depart-
formerly Assistant Manager, Brooklyn
elected Manager of the Brooklyn Banking
Jensen,
was-
_
+3,638,271
—
75,400
—
.
1,511,928
+
■
"
stock, par $100,' payable March l to holders of record Feb. 20.
During 1945, the company made the following payments on the com¬
mon stock: Feb. 15 and May 15, 20 cents each; and Aug. 15 and Nov..
.15,*; 25 cents regular and 5 cents extra oa-each date?—V^ I62^p; ^89,' /
2,051
—...
66,003,;
—
Assistant Secretary.
an
The directors on Jan. 8 declared a-dividend of 25 cents per share on
the common stock, par $2, payable Feb. 15 to holders of record Feb. 1,
and the. usual quarterly dividend of $1.50 per share on the preferred
'AU. S. Govt, securities:
Bills
elected
was
$1,417,522
$1,406,054
$1,320,937
10,598 " +
10,900 ^
57.-403
6,423
-
profits
Excess
—V.
435,879
69,063
+
313,990
and
—
+
—.4,960
17,959,946
gold ctf. reserves—.^,
cash
Discounts
Exeess
Trane Co.—To
486,921
+
Secretary.
4
S;? '<• ;•+• ^
.
W.
tax
-
; r - William H. Greenhagan and Colvin M. Edwards were elected Assist¬
ant Managers of the Brooklyn Banking Department.—V* 161, p. 2269.
Jan. 17.
+
17,163.565
Sly
Normal
*•;;'
ment.
.
Jan. 9,
1946
v.
'•'
;
>
lncrease( + ) or>:;:::
-Decrease (—) Since-
Jan. 16,
^Redemption fupd- for F. R.
Tifttca-..;
v•, * j; ■
-
,
■i*iy
.Gold certificates 4—.—41.-4+'
Harold
J.
Department,
1 7
dollars)
of
,
Assistant
an
William
$886,766
Total other deductions..
elected; Assistant SecretarieSi • - • •'
v "J
•
Wohnhaas, formerly Manager of the; Bronx office, was
were
Herman" J.
last
New
Total U. S. Govt, securities
23,436,689
—422,003
Total loans and securities™
v
23,648,455
—426,959"
Due
from
F; R.
foreign
notes
110
banks™™,.
of other
Uncollected
+ 4,864,122
26
,
*
'
-
176,386
+'5,436
+333,321
+
•
33,378
:
™7
Other assets „i
68,156
154,496
892
+
2,314,636
banks-™
items
Bank premises
+4,785,648
#
+
'
62,395
—™™'_
2
:
44;509,346
;■
—
2,720
+
•
+ ;
4,682,397
+
20,025
+
1,644
.
United Gas Corp.—Seeks to Invest in Plant With New
Gasoline Process—
•
'
,'
.
•
.'This, corporation, a subsidiary oif Electric Power As
Light Corp.,
has asked permission of the SEC to invest $1,007,500 in cash in
Carthage Hydrocol, Inc., incorporated in Delaware to erect a plant to
r
;
•
manufacture
+.
gasoline from natural gas under the Hydrocol process.
V The United company seeks to acquire 100 units of the
6^'^promissory
notes
;.
note
June
18, 1945, and continued the flights through September.
;
•+
This corporation was organized in the spring of 1945: Hobart Ai H.
President and principal stockholder, prior to his release from
active duty last March, was Acting Operations Officer of the Naval
Air Ferry Command at Floyd Bennett Naval Air Station.
?.
•10 Vice-Admiral' A.-. B. Cook,, retired, a former Chief of the Bureau of
Naval
Aeronautics, is Chairman of the board.
He also served as
Chief of Naval Air Operational Training and at the time of his recent
retirement was Commander of the Caribbean Sea Frontier.-r-V, 161,
'
+'•' 'liabilities— ;>
r
+
Federal Reserve notes
Deposits:Member bank—reserve
U. S. Treasurer—gen.
:V+r Foreign —™i.;
>>.
:
Other
16,145,179
acct..
+
272,196
acct.i
_.>„—™_.™_^_.
; -
323,544
+1,988,833
—
—485,622
'
835,651
-
70,581
—•
421,398
•
20,991:
+
61,720
327,951
—
+
47,371
>
,
/
Cook,
2,678,125
+
—141,949
24,343,950
deposits
17,674,424
„-->m
Deferred availability items
Other liabs., incl. accrd. divs.™
'
^
;.'
8,458
'
Other
capital
Brownsville,
proximately half would' be financed by $ loan from the RFC to boby a - first mortgage on all the present and subsequently
;acquired, properties of Hydrocol.
1;; - •
<
♦
•.
•
«
•,
,
,
^t'^The .balance of: the $14,00(X,000
.
'
Commitments
to
make
17,592
+
+
178,837
•358,355
587
+
*
/ '• i,\v
_
130,202
"?
'+,
+
L846
+
20,025
"
at
4,682,397
+
3V»c*
R.
>,;, 42.7^'
4
'.5%
-
indus-
7 :1,894 '
228
+
1,760
—
share.
per
due
-
the
112.
p.
Security
of
concession
.
Justice
holders
13
of
60
this
corporation
candidates ,for
Samuel
H.
directors.
Hofstadter,
a
have
As
special
*
Feb.
4
to
the
the
elect
directors.
candidates
company
formerly
was
Manager.
a
Others
director,
include
relatively high
a
diesei
of
and
Pursuant
ration
the
share
a
was
.
,
,
.
been
ordered
^
meeting
r
'
reconstituted
been
for
election,
11
holders.
called
security
are
Robert
A.
for
holders
W.
of
Carelton,
held
Wyatt, consulting engineer.
at the special meeting are
-
to
-
hold
dentist,
until
that, the
then
common
stock outstanding,;
,
243,54834
shares
exclusive
of
525
shares
held
the
in
in
the
AND
.
-
the
was
organized
West
is
an operating
company, all of its
present.
Its
principal executive
Jackson Boulevard, Chicago. 4; 111.
at
•and
sale
of
of
the .company
business Stationery
providing*for the
«
writing of
•..
consists
forms,
the
usually
several
•
of
four
in
copies
>.+.'••
being
subsidiaries
offices
are
located
+
-
in
+
manufacture
continuous strips
time,
one
.
W.
plan
t
Clancy handed down Jan. 7 an opinion ap¬
for reorganization of the company and the
a subsidiary.
The plan, recently
will become final if approved by stockholders.
plan provides for redemption of $1,943,500 of debentures ol the
and $3,708,500 of bonds of the subsidiary, guaranteed
The
parent company
-
by the parent company, plus interest.
l-{\
Stockholders of United, now holding 900,000 shares would
receive
shares of the new common stock, or 22.3%.~ Stockholders of
345,000
•
Sheraton
and
Corp., whose assets would be combined with those of United
Trinity, would receive 74.9% of the new common stock.
A banking
formed by Lehman Brothers would
purchase the remaining;,
common
/•-A
stock and $1,982,000 of
for:use
:\r i'+»:•'"'•'
mortgage
$4,000,000
Society
of Boston
also
United
and
are
a
to
be
the preferred stock for $2,477,524.
obtained
$1,000,000
loan
from
from
the
the
Equitable Liie
National
Fiist
proposed.—V. 163, p. 112.
Wallpaper, Inc.
—
The
company
enable-it
as
to
>In
a
to
obtain
a
recent
is
negotiating
redeem
its-7,000
needed
new
'•+:+
Plans to Refund Preferred-
discussion
luncheon
a" $4,000,000
shares
capital.
As¬
Bank
'
Stock Through Sale of Bond Issue—
at
design,
at
John
the trustees
surance
-
BUSINESS—Company
Judge
.
group
•'
treasury.
Federal
Accepts
approved by the SEC,
exclusive
then
Co.—Court
Trinity Building Corp. of New York,
+
outstanding
amount of
shares,
■,
•
v
proving
v
shares to
outstanding
of 290
treasury. Subsequently company acquired 234%
and reacquired 14 share so that there, were then
243,314
Tha. business
and
-
office
so
to
110,000
inactive
141
elected
shares
increased
from
shares
>
299,475 shs.
articles of incorpoIllinois on Dec. 12, 1945,
Company
E.
Arthur
Wasserberg,
Outstanding
Authorized
company's
&
attorney;
distributor;
the
S.
traction
Irving
to
E.
Bibber,
food
-
-
.
r
,
Kenneth
Moritz,
into
thereby
and issued
HISTORY
«nd
consultant;
amendment
Upon the issuance of the 56,161 shares now offered, the amount of
outstanding shares will be increased to 299,475 exclusive of 525 shares
Van
Benjamin
own
nor
;/ii;$heraton Plan—
Illinois for
a
period of 99 years on June 5, 1894 as the United Autographic
Register Co., the present name having been adopted Dec. 12, 1945
to
incorporate
the
company's
trade
name
in
the
corporate
title.
and_ Victor A. McQuistion was General
Lawrence
Chamberlain,
investment trust
finance
Op«*
to become an*, in*
vestment trust, but will continue to own and
operate utility properties,
according to a statement made'to the SEC Jan. 15 by Walter E. Long.
President, at a hearing on the company'^ proposal to offer certain
•
then held in the
.treasury.
.
.
security
was
FINANCING
: 350,000 shs.
an
with the Secretary of State of
capital stock was changed
shares.-and each of the 97,419Va
outstanding
a
Court
to
filed
shares
,
with
Supreme
has
The, company does not intend to dissolve
j
Improvement
authorized
f ; shares
furnished
by
other
t
portfolio securiteis in exchange for its
i
Mennelstein,
Directors
with
barrels
(approximately
CAPITALIZATION GIVING EFFECT TO PRESENT
:
cirector;
Earl A. Darr,
attorney;
Leon Forst,
attorney;
Louis
Grumet, of Brand, Grumet & Ross; Charles Iker, of Hallgarten
Co.; Daniel J. Mahoney, President, Bronx County Trust Co.; Milton
S.
gasoline
1,100
-
'
/
eligible
represent
or
barrels of
approximately
,
'
Of
and
162, p, 2688.
.•••
\
cents
'
.
.
of
rating
United Gas Improvement Co.—Plans to Own and
-
Third Avenue Transit Corp.—Slate Proposed—
Slate
octane'
Oils.—V.
,
shares
;•
tion is approximately 5,900
now
•
350,000
dealer
are
•
proceeds
Capital stock'(no
a
I960,
1,
,
Textron, Inc.—Secondary Offering—J. Arthur Warner
& Co. offered as a secondary distribution Jan. 4 a block
of: 20,000 shares of common stock (par 50£) at
$22 per
; V. 163,
A
debentures
-
+V
with
>•
.
6.1%
-r-
$23
-PURPOSE—Of
share
'
Feb^
* +v'*0?
capital—a total not to exceed
$1,169,000), $210,000 •<.
Earnings of UGI on a parent company basis were stated by Mr, Long .;:
will be used to reimburse the company's treasury for funds applied
f to be equal to 49.24 cents a common share for the 12 months ended +
to
the
retirement during
1945 of the entire outstanding
issue of t Oct. 31, 1945.
After giving effect to carrying out of the proDosed ;
2,190
shares of 6%
cumulative preferred stock
at $100 per share
exchange offer to stockholders—which provides for acquisition^ of
and dividends.
With the termination
of the war,
the company has
750.000 of the company's own shares—earnings for the October
12
commenced
an
months would be increased to 71.35 cents a share for each of the 1,expansion program in connection with which It is
estimated that approximately $815,000 will be spent during the next
;
565,981 shares to remain outstanding."" •
'", : "
;.
v ;.' • V.
; two
years.
Earnings for the calendar year 1945 were placed at 54.76 cents a >
Of. this amount, it is estimated that approximately
$485,000 will be spent for machinery. and equipment, approximately •: share on the present capitalization and.at 79.93 cents a share on the
'revised capitalizatibn.-+-yi 162; p. 3239."
$165,000 for buildings, and approximately $165,000
in a sales ex¬
'
r
1 *
:t'V.'H:-'♦'Cr.'.V :
••• !•'.
' ;*h^>3r.'''?'♦/'r Av:,
vK'T."'
pansion program.
The balance of $144,000 will be added to working
*1
"
/
* t.1 •. • '* f
*».-v. i \r'•
*s r/!
^-.capital. '
j
'% /•/„'
' tv ' *' «"
,
1
'
U. S. Realty &
V
*
S
;
jDebs. Ready—r
banking group headed by Kidder, Peabody Si Co. on
Jan. 17 offered 56,161 shares of common stock (no par),
43,631
—
.
263
.
(Continued from page 320)
*
y,
working
as
erate Public Utilities—
General Corporation and
Investment News
r;
v t\\
v.. ^
UARGO Incorporated—Stock Offered—An investment
4™.
,
,) -t'
13,714
'
44,509,346
trial loans
i
(
readv for
exchange for temporary debentures, at the Guaranty - Trust. Co* of
ONew York, 140-Breadway^ New York, N. Y\~rV, ; 162, p,, 25^0; ^
^
4,581,849
+
>27,714
note
?
+
27,428
accounts_i
serves to deposit and F,
liabilities combined
yyAyy'yyy -r 'yy
: ' ^
Tri-Contiiiental Corp.—Definitive
•
and such additional funds
os may be
$10,075,000- -is proposed to be secured by sale of the units to United Gas and others.;! ;•: £>-,
'i The; Hydrocol plant is being designed by
Hydrocarbon Research,
Inc., to which were issued 25,000 shares of Hydrocol common, lor a
capacity of 60,000,000 cubic feet of gas per day.
Calculated produc¬
needed
*
Total liabilities & cap. accts.Ratio of gold certificate re>
.4
\
j,
256,261
,930
"
445
;
•
»
+
Definitive
43,ai7,012
Capital Accounts—!. •'
Oapital paid in
Burplus (Section 7>;
Burplus (Section 13b)™
+
<p; 2194.'
+1;646,533
—211,668
+370,764
1,891,180
stock of Hydrocol, each unit to consist'of $10,000
shares ot common stock.
'v
1
J
that the initial plant Hydrocol proposes to erect in
Tex., will cost approximately $14,000,000, of which ap-»
common
73
secured
.
; Total
f
and
and
It is- estimated
of
$100
'
bond
issue,
which
preferred stock,
•
as
will
well
1
of his company's position
and prospects,
before
meeting of the New York Society o-f Security Ah-
Volume
A
William H. Yates, President,
alysts,
adversely
been,
have
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4457
163.
affected
by
said
its
results in the current year
2'/z'month
a
labor
emphasized
also
He
to
into
in July.
production
been
will
rest
wallpaper.
railroad
and
rooms
the
important
for
two
For
the
those
from
come
of
users
being,
he
indicated,
which
in
past have not
buildings,
theatre
expected to be among
government
observation
cars
are
commercial
users.
The company, he said, has plans
to be completed early next year.
One will be at
Aurora, 111., and the other at Appleton, Wis.
These new plants, it
Js expected, will reduce operating oosts. ' 1
1
* '
1 ''
'•
The company,
according to Mr. Yates, has set its sights lor the
next few years at an annual volume substantially more than double,
that which prevailed in the -.pre-war years.
He said he saw nothing
in Ihe
to
*
■
Research
*5,611
develop.jX'
:;. Profit
-y
"""
/////■/
(net)
and
i
:
V
,
-
i;
W'.-}?
■/•■— Z-/Z/ >
$3,069,429
86,849
$3,592,127
'
48,602
Land,
profit
before
special charges —/it $2,923,409 •$3,156,278-'. $3,640,728
Special charges ___/„;
2.095.
/iZ ■
716,576
Fed.
Income
taxes
//.; r:., 487,000
563,000
'
560,000
Fed. excess profits tax
•>////''
,
*
•
Corp.
of
Production
Resumes
—
(net)
Movie Projectors, Candid Cameras and Other Models—
Corporation is
back
now
production
in
of
its
'
retailing at $65 and is turning out around 300 a day,
President, said on Jan. 14.
Production has also been resumed on
motion picture projectors and the company's Uniflash candid
camera.,
The company has been heavily engaged in war production, one of its
products being binoculars and received a special high citation from
income
Prov.
II
the Government for its war production record.—W162, p. 3121.
for.
t-
Period End, Nov. 30—
total
oper.
revenues
Total
oper.
rev.
■Net
oper.
Other
:
income .(net)——
10,232
..
Net income
——-
876
$326,432
>
—
Total income deductions
142.063
$1,863,039
/„■
—
♦Deficit.
$158,278
;
,
>■■
•
,
$135,365
/•
•■
.
.
561,750
demand
on
Dominion
receivable
by the SEC, has been
ordered
Into effect as of
Dec. 31,
1944, by Federal District Judge
Tillmun D. Johnson at Salt Lake City.
The plan was ruled as fair
and equitable at a hearing at which ihe SEC and Electric Power &
Light Co.; parent orm P. & L.; were represented,
•
<
The company Is now preparing to issue -4?« shares of new common
for each share of 7% preferred and 438 shares of common for each
share of 6% preferred.
The $30,000,000 of old common will be can¬
celled. and there -will be
1,185(241 shares of new - common of $20;
>;
««
/.
.stated value outstanding;~
>/'■.-.
directors
with
immediately"
•
$5.85
7
share
a
consider
would
annual
an
the
on
preferred. - The dividend
,1'stantlal earned surplus.
($5
par), $3,750,000;
of
cost
Walter B.
.
Present
•
.
officers of Utah
In October when
of
$1.20
require
$5.25
$1,476,000,
old
leaving
be
& L.
will
function
until
board representing
stock control will be elected.—V. 162, p. 2863.
the
and
value,
for
"initial
an
expenditure
of
.
been
completed
.
NOTE-—For
possible
and
will
construction
to
•
.
.
mechanical
it
reasons
is
arrange
2,389,571
.
'
3,700,000
2,525,000
4,471,000
3,887,14^
and
collected
for
Fed.
5,707,097
tax^—i—____
within
one
of
film,
subs.
6,239,595
7,043.898
.
${6,531,091
year
other
deposits,
in
oper.
long-term
/183,000
4,136,765
110,931
•
i; 106,523
stock
($5
Capital surplus
Earned • 'surplus
1,837,230
450,393
469,115
terrlt..:
debt—
——
748.200
'163,442
etc.———
foreign
5,972,374 tt6,271,443
35,661,320
829,576
_
40,850,09^
3,845,313
contingencies...;.^
minority stockholders in
of
2,098~76^
2,634913
Govt.
'
income
subs,
2.582,543
cos..;
732,123
292,572
par
281,596
19,006,723
57,371,956
29,977,306
r,
^
——
19,006,723
57,451,472;
—
28,871)60.2
179,263,844 183,785,207
;S> ^After reserve for depreciation of $41,278,642 in
1944 and $42,933,in 1945.
tAfter reserve for
depreciation and amortization of $11,™
1944 and $11,953,202 in 1945.
v. -; ■/■>;-.!
,'v
.
. ) '
{Including 100,255 shares of common stock carried at $1.
"
/"ttlncluding bank loans- of $2,125,804 guaranteed by Warner Broi.
805
912,126 in
$13,165,619.
Washington Water Power Co.—Earnings—
(Excludes
operations
of
Spokane
properties
Period End. Oct. 31-
not
alway*
alphabetical
Other
Rys., whose
July 6, 1945)
transportation
/Z"'
1945—Month—-1944 / 1945—12 Mos.—1944
$978,766 / $949,251 $11,551,569 $11,374,956
Operating revenues-.—/,
Operating expenses
Federal taxes-)/—
.
United
sold
were
374,696
331,504
4,154.095
148,343
94,423
1,999.288
1,69?,243
108,559
66,109
1,166,721
1,092,891
$263,002
$373,049
taxes...
Prop, retirement
4,116,504
'
reserve
S/Z appr opr i a t ion'///////,;
;
Net oper. revenues...
>
Other
VirginianRy.—Earntogs—
:
November—
'
Gross Trom
from
Net
3"preferred shares will "have the benefit of a sinking
•Z fund, starting Jan., 31.^1949, of $100,000 annually. The shares are
s redeemable, except for. sinking fund, at $104 per share until '1949 and
thereafter at successively lower prices.
*• "
•
f T ' - new
:
Net ry.
1
•
.
1944
-
,
1
1943.
.1942
$2,360,131,>$2,103,598
1,028,910
-1,006,959
611,440
585,916
,
$2i238;423
$2,456,616
3>296,649
9'J9,235
109,959
—
593,326,
..
income-
oper.
1945
1
irailway.;—
railway;
Int.
■:
HISTORY Sc BUSINESS—-The Compary, organized in 1902 in Illinois,
one of the leading manufacturers of phosphorus,
high grade phos¬
railway
11,300,133
6,571,110
8,091,548
Net ry. oper. income—
6,554,688
^Deficit.—V. 162, p. 2992.
phoric acid, and phosphates for food, pharmaceutical, technical and
manufacturing purposes. Its manufactured products, include elemental
-
mtge.
,//.
$363,506
55,650
20,368
deducts/
.■/,
income.—
Net
76,402 ;>;/>. 3«.2H ,Z
$3,297,867
>
64,167
-
•
$3,499,527
749,844
770,000
"
♦223,041
292,658
361,603 //'■
$78,298
$2,2oo,365
$2,367,924: 1
$76,298:
$189,561
reservations
net income
24,427,454
$2,255,365
$2,067,924
;
of
——i
30(f,OOtO
11.328,823 512,186,073 "
.Balance, surplus—_
>16,799,810
6,853,210
$189,561'
Dividends applic, to pfd. stock for
period—.'
♦Includes
of various types, phosphoric -Anhydride,
Wabash Telephone Co.—Series A & B Bonds Called—
calcium phosphates, sodium phosphates, -ammonium phosphates, potas¬
All
of
the
$1,000,000 outstanding
first mortgage 3V2% bonds,
sium phosphates, iron phosphates, organic phosphorus.compounds, >and
'
series A, due.. Sepfc^ J„>1964, ,and; ali of; the ;$450,000 first mortgage
other
phosphorus and phosphatic compounds and salts, ferro phos/ 3 Vstlfcx bonds, series B, due Oct. 4, 1965; have been called for. redempphorus, phosphoric acld catalysts, !urnace slag, formic aqid and fortion on Feb. 11, next—the series A at 105 and interest and the series
mates, oxalic acid and oxalates. Company also purchases from manuB at 105,/4 and interest.
Payment will be^ made at'the Harris Trust
facturers and resells bicarbonate of soda and other alkalies, sodium
& Savings Bank»-trustee, Chicago, Hi.
/
.
aluminum sulphate, epsom salts and other chemicals, amounting to
Immediate, payment will be made on presentation and surrender of
'/approximately 3-,4<V of lis -sales*
s.
bonds.-r-V. 144, p. 4030,
'
'
The company's products are used for a wide variety of purposes.
The food industry is the largest single user, in .which industry the
Warren City Mfg. Co.—New Control—
company's products are important as leavening agents in baking pow)
See Graham-Paige Motors Corp/above.-ryV. 161, p. 1472.
ders, self-rising flours and other types of flours, and in specially .pre'
pared baking mixes for biscuits, doughnuts, cakes, gingerbread, waffles, if,
1
"*
0 '
''"n,
>'^1
%
' J~~" -'■* 'rt~
'it. fr,;»
5
etc. They are also used for the enrichment of flour, as a conditioner
Washington Gas Light Co.—Meeting Adjourned—
ZZ for salt, sugar and soda,, and as ingredients In: the preparation of
The company has announced that its annual meeting; scheduled
;
beverages, dairy and other food products. In the pharmaceutical field
for Feb. 4, will be adjourned to March 25.—V. 163, p. 113.
they are used in the manufacture of various drugs and medicines, in•cluding atabrine. penicillin, sulfa drugs and mineral supplements, and
Warner Bros. Pictures, Inc.—Annual Report—
as.polishing agents in dentifrices. They are also used extensively as
water softeners, cleansing
and disiniecting compounds for industrial
acid
acquisition
$184,420/; representing
adjustments
1941.
,
Provision
ments
■
•
$265,579
bonds.._
$3,463,31^3 ■'/
$3,221,465
Z)r9,543
.2,577,;
^
\;Y';.;-:>"V
Miscel.
26,296,587 ' 27,036,248,: 24,660,102
from railway.
from
Net
on
Other Int. and
From Jan, 1—
Gross
{ncome (net) Zi
Gross income./
'
.
phosphoric
2,406~410
exps.
for
Common
be
companies in exact
order.
However,' they are always as near alphabetical
position as possible.
.
phosphorus,
and
Reserve
annual
preferred
other
Deferred; credits-
as
quickly as contracts can be let and necessary materials
equipment assembled. '
'
*
corporation' already has major manufacturing operations In
Chicago - Heights, 111., Nashville and Mount Pleasant; Tenn,—V. 163,
p. 112.
■
'
'
'■/.:■;■
;
;
,
1,135,000
and
rent
maturing
liabs.
Funded
Int.
537,813
271,121
220,334
Pictures, Inc.
{{After deducting U. S.
Treasury notes- of
—V. 162, p/3122;V-.>; -. ■
were
have
/
The
to
6%
565.387
——
Total
oh Jan. 17 announced
phosphorus plant will /
Springs,; Florida; northwest of
calls
818,483
.J
—
payment for
Current
■
,
570,327
profits
excess
Federal
debt
Advance
:
Vice-President;
project, .which
transactions
■
: 835,117
1
J
' I
9,596,565
•: 658,897
.
oblig. maturing within one year.^;—_
Owing to affiliated companies
——
Royalties and participation payable.
$1;
started
40^000. shares : of 31 & %. cumulative preferred shares.. at
<$100 per share) and accrued dividends. -•• '
'
is
record
""
,
8,789,802
accounts
—
Contr.
and
•'
par
The
the
$2,006,000,
other
^Victor Chemical Works-—Preferred-Shares Offered—',
*
for
than
special
>
withheld
for
Mortgage
other
'disclosed late in December.
*
J
~
;
tn announcing the exact location/ Mr. Brown said that feel estate'
P.- Eberstadt & Co^ inc^ headed a nation-wide groujr of
underwriters which on J an. 15 made a public offering of
-
$998,861;
$2,792,826;
shares
Executive
*
.
Plans
&
liabilities
Reserve
paid-in surplus. $1,824,769; earned surplus,
of capital stock
held
in
treasury,
1.000
Brown,
notes
accrued
Accrued
U. S.
'.
next
the old
new
-
more
sub-
a
'
.
-
P.
a
equal
the
on
cost.
45.073,787
8,933,781
payable
Amounts
/
1945
$2,712,985:
the. corporation's new /electric elemental
located on tidewater/hear Tarpon
Tampa,
"almost
contemplated,
and
31,
hand,
on
inventories.
that
;
•
P. & L.,
dividend
common
preferred
would
•
meeting
rate
7£>
old
initial
an
Interest
securities—tat
$1,059,003:
-
George M. Gadsby, Presideht and General Manager of Utah
said
..823.900
N«w Plant to Be. Located in Florida—
The. company's ^reorganisation plan, approved
.
■'■>■■
623,900"
£>rS22,247;.4otal, $U,679,455^--Vr T63, p«112.
Plan Ruled Into Effect—
>
Canada
4,793(846
49,752,15(1
41,940.528
appropriated
LIABILITIES—
Accounts
capital
$3,800,543;
4,284,870
49.911313
owned properties.
equip, on
leased, prop.
179,263,844 183,785,207
;Notes;-payttb]e::
823,900
deposit and
of
(net),
*
'.
:
'4,542*:5 It
5,146,442
companies
contracts
of
1,246,323
677,981
territories
on
investments
refund
for.
9,704,393
3,508,160
1,154,870
—
$981,141
" CONSOLIDATED BALANCE SHEET, OCT.
and
in
oper.
taxes, insurance,
$1,151,337'
•
'
'stock
:
37.092
$1,053,896
accounts
'
*>$4,074
^7,642
£878,673
LIABILITIES—Bank loan of subsidiary due within a
year, $40,000;
.payable, $786,305: accrued payrolls, $69,299; accrued liability
insurance, $12,267; accrued taxes, other than Federal taxes on
income,
'. $68,684;
Federal income and excess profits taxes and renegotiation
refund (net). $152,229; subsidiary
company's 2% note payable to bank,
$160,000: Federal excess profits tax deferred.
$651,407; reserves, $176.-3
789;
minority interest in consolidated
subsidiary, $209,412;
Z; 1.704,761
$4,883.
.
Govt,
Goodwill
$1,008,315
•;
$1,840,126
1,704,761
bonds
S.
Post-war
$1,187,966
assets, $79,297; fixed assets, $3,929.0397 patents at
deferred charges, $107,443; total, $11,679,455.
,
2,680,476
'
Balance
'
;
$4,520,602
$4,023,877
2,160.838
'
46,000
7,116,278
reserve)
secure
{Miscellaneous
62,280
/:■
6,721,716
3,082,132
19,260,98V,
2,921,462
//-Total
_
ASSETS—Cash
,•
142.063
$146,946 '
//.;
19,015
■
$137,989
;
"profit'
(less
U.
1,342.211
50,000
:
$926,315"' $1,0901987
dividends
Government
$4,511,075
9,527
$299,357
16L368
■
179,486
pi vs. applic. to pfd. stks.
Cash
1945^~i2.Mos.—1944,<
$4,004,862
:
long-term
receivable
;r
accounts
$293,481;
k
2.605,223
—
Deposits to
1,703,906
36,000
32,973
profits of subs.//_/_/
$1,103,276 $13,967,914 $15,608,044
804,795
9.963.052 ' 11,096,969
$316,200
revenues-—
Gross income
.
$1,190,136
873,936
deduc-
;
.
1,433,317
>/." 33,000
subs.
affiliated
cost—..
Mortgages,
352,064
561,000
Prepaid
(& Subs.)—Earnings—
T945'—Month//1944
1
taxes
contingencies'"
Net profit ////£/;
Equity attaching to mi¬
nority; int.
in
net
Net
Utah Power & Light Co.
1,475,000
..
Other
model
O. W. Clitchens,
Mercury No.
at
of
in
'^Buildings and equipt.
7Leaseholds, bldgs. and
$3,309,590
.
'
and
Investments
68.766
f.
6,716,484
25,278,337
at cost iess res.
accessories, supplies, etc..'—
royalty allowances.
;
materials,
Current assets
$3,240,824
•
1,919,36^
productions, at cost.!
Rights and scenarios unprod.,
Raw
1
,
2.015,821
;
productions, at cost less amortization
S. Government bonds..
Production completed but not released, at costProductions in progress and charges to future
Production
77,421
receivable
notes
U.
Total
suggest
Camera
$
and
9,927,170
Released
144,705
1944
1943
-
\
16,0i8,288
Accounts
"5.524
7,827 '
"175,043
BALANCE SHEET
'
Cash
"
5,993
188,909
255,095
opera..*..// $2,845,988
from
;-.Other; Income.
that the margin of profit which prevailed
in normal tunes would not be continued.—-V, 1G3, p. 234.
/'-/A
Universal
CONSOLIDATED
ASSETS—'
-
'
,accounts
;
plants,
situation
expected that approximately $1,000,000 will be ex¬
10 Mos. End. ;'
—Years Ended Dec. 31—
Gross sales, less discts.,
Oct. 31,'45 r; 1944
" 1943
'
1942 '•"'■
returns & allowances $13,868,768
$14,885,818 $14,445,452 $12,610,729
Cost of
goods sold
8,140,041
9,038,829
8,539,708
7,301,284
Sell., gen. <fc adm. txps.
2,622,032
2,582,658
2,130.747
1,918,392
^Provision
for
doubtful
'
"
chief
its
is
'/."
>};
the
time
sources
Hospitals,
It
use.
V- CONSOLIDATED INCOME STATEMENT
•
demand
own
for additional processing facilities. - The balance- will be added
the company's general funds for use as additional
working capital.
pended
last
slow-down
that
the company will have the benefit
of the reduction in taxes only for part of the year.
/•:>/
Mr. Yates spoke optimistically of the potential demand ahead for
the company's new stainproof wall covering, "Varlon," which will go
■fall.
is
of
the
for
amoi'tization. of
being made
Federal
the
10
electric
: of
622,513
electric
months
ended
/ plant
Oct.
31,
acquisition adjust¬
plant
over
a period of
15 years pursuant to an order
Commission dated
Sept.
12,
1944.—V.
Power
162,
,
p. 2688.
.
622,518
amortization
,
applicable to
'
'
^
r
-
x
•
.
Welch Grape Juice Co,—Stock Offered—
The holders of ttt.e common stock of record
Dec.. 29, 1945, are offered
shares of second preferred stock (par $100) at the rate of
shares of second
preferred stock for each 15 shares of common
.
.
,
20,392.8
0
2
stock held at $100 per share. Warrants
expire at 3 p. m. Jan. 25, 1946.
The second preferred stock is entitled to
non-cumulative preferential
dividends at the rate of 1
Vift per annum until Dec.
*
•
.
and
domestic
and
use,
in
the
manufacture
of
steel
and
other
CONSOLIDATED
metals.
Other
important uses include the manufacture of soaps, plastics and
matches, fireproofing of wood and textiles; production of
gasoline,
waterproofing of fabrics, laundering, blueprinting, dyeing of silk, wool,
cotton and rayon, finishing of various textiles,
tanning and finishing
of leather, bleaching of wood, cotton, cork, and othav
substances, re¬
fining of ores and metals, rust-proofing, metal treating and plating.
The company's products are also used in the manufacture
of fumi-
1
■
insecticides, paper,
gants,
>'.
-
respective
follows:
number
,
oiZ
fU
-'
names
rhe
of
Shares
■
4,000
1,500
William Bi^ir & Company1.500
Eastman, Dillon & Co._^»„ 1,500
Hemphill, Noyes & Cc
1,500
Horn blower &
WeeksuiJiiilX-1,500/
Corporation, 1.500
Brothers'1.500
Paine, • Webber, Jackson &
Curtis
/
1,500 I
Higginson
Lehman
Alex.
Brown
&
&
Co
1.500 ;
"">
Phelps
Inc._^ 1,000
Auchincloss, Parker &
Redpath
/
■■ V
;;
L/J 1,000
&
:——
of
film
E
-
JEI.
Rollins
as
Sons.,
•
The
The
& Co._v.^___„__„___
Milwaukee
Co—
and
ridge
&
hnsthn;
&
income
1.1—L2
.V':■
'■'■■
;
■
-
1./
4,573,763
&
depr.
of
8.321,795
75,598,386
'
-
-■
This
>
the
Equitable Securities Corp.
Hawley, Shepard & Co.____
Kalman & Co., Inc._^
1,000
1,000
The I'iinois Co.___
1,000
Tucker.
F.
1,000
Woodard-Elwood
S.
Moseley & Co
500
Co-
\j a.
>- 500
Cumulative
Common
,
*31/2%
:
&
Co..
r. Authorized
3,825
47,341
4,537,394
27,679
4,480,863
pfd. shares ($100 pai")-—
($5 par)—w—/
preferred shares.
PURPOSE—Company's
100,000ehs.
.
'
500
/
Losses
fixed
on
Provision
to
Excess
•>."
880,624
24,362,347
2,856,245
for
Net
■
v
.
assets.^—• 66,147
income' taxes:
tax
-
of
>
of
$1.50
per
from
at tho
the
transferable
are
to.. purchase
issue
offered
for
at
merely
by delivery,
investment .all
$100
of> tho
share, without
Proceeds will be used for plant improve¬
per
Wellington
with
the
by
year
"'•••''
*
Dec/ 31,
at
old
the
1945 amounted to
beginning of the year.
In
at
from, appreciation
during
there
Fund
$16,138,945
investments
and
new
and
from
shareholders.
At
were
$20.09
1,341,255
shares
outstanding
with
an
share.
This compares with 917,945 shares
per
beginning of the year.
Total dividends amounted
share, Ql whiph .approximately 52 cents represented pay¬
ordinary net income, and 98 cents payments from net
securities
profits."-"
equity, position, including common stocks and those bonds
preferred stocks selected primarily for appreciation amounted
to 60.49of assets.—V, 163, p: 113.
- -- *
1
'
v
Net
>
:
I Dec. 1,'45 Dec. 2, '44 Nov. 27, '43s
4./_—Y————$33,131,116 $32,"369,393 $31,130,743
expenses—/-—: 32,136,280
31,227,035
29,905,223
sales
{Cost &
26,665.705
5,193,455 tt4,537,222
4,000,000
profits tax..;—/.—-10.900,000
">9.135,000
profit
Co., Inc. (& Subs.)—Earnings
Quarters Ended—
".
v
L
Operating profit
/-;:: c-
■
.
Wesson Oil & Snowdrift
827,262
»
25,281,917
5,800,000
Other
3,900.000
■'"
$1,225,520
$994,836
$1,142,358
134,488
58,248
88,499
$1,129,324
income
$1,200,606
$1,314,010
.
„
$9,990,000
9,901,563
V
'
;
Charge to eliminate goodwill
Z
850.000 shs.
'
6,953,462
21,918,340
income
——
Interest
8,238,483
28,871.802
17,410,973
Total
/
Dividends
/ 38,773,365
;
8,796,059
28,871,802
—i
-
preferred stock—
$$Accumulated dividends
58.401
61,303
.
*
■>Federal
and
;•/
37,34 5
..
'
515,000
640.000
$553,021
State taxes—
company
Common
287,011
/———
dividends
Preferred
—
>V
dividends
V, $502,205
/;
:—:/ :•/
Earned
Earns,
surplus
per
*After
726,000
r,
29,977,306.
share
refund.
989
in
1943
Y
$550,664
292,000
145,782
145,782
$117,239
$64,423
$112,882
$0.45
;$0.36
,$0.4-1
145,782
,
—3,444,106
$2.67
'
28,871,802
$2.12
credit for debt retirement and $845,000 for post¬
tOther than $537,642 in
1945, $589,580 in 1944, and $591,in. respect of studio properties charged to film costs,
$After deducting credit for debt retirement of $830,000 and post-war
of $280,000.
ttlncluding $72,500 loss on cancellation of lease."
?{Included in redemption price of preferred stock;
refund
-.-V/;
■
^Earnings per
21,918,340
$1.87
"Includes
$170,000
war
;
comon
■
292,000
292,000
————
/_
Surplus'
1749,000 shs.
approximately $2,500,000 to const^urtinn of a new
electric furnace-plant for the
production'of elemental phosphorus for
Net' profit
15,649,456
-
on
rt40 000shs
tExclusive of 1,000 shares held in
treasury.
Con¬
the;rato
Total
25,838,443
919,570'
———.
26,667,710
Federal
>■_[ Earned surplus begin, of period—..
present
devote
at
1947;
2863.
compared
value
realized
••■...
...
assets
Total
Outstanding
plants are now operating at capacity,
and in view of indications of increased
business in the future the com-'
pany deems it advisable to augment
manufacturing facilities. • From
the net proceeds from the sale of the
40 ('on' Dreferred shares
intends
1947.
stock
and
-4,480.863 V 4,537,394
.
—
shares
common
preferred during
Anthony & Co..1/500
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
•
p.
invested
ments
10,836
4,088,630
'
to
< -
>'15,387
j 23,811,465
minority interest &
('.Federal income taxes„lij__—
M Normal income
500
7he Ohio Co
into
second
outstanding at the
32,891,752.
500
&
of
warrants
commission.
or
year-end
asset
;
:
■
v
13.647
•
■
31,045,685
——
Co—/ 500
Stix
Co.-
1,000 '
holder
1
agreed
of
growth/ resulted
funds
69,211,563
'■
-■
1,785.880
X.
Lough-
i.ono
Courts &
1_
share
has
portion
162,
$26,911,309.
6,053,497
■_
properties—
iPiraffts
jfl—^
,Other income
500
Whipple & Co
Corp.
discount
Total
.■
31,857,925
Profit before
Scbwabacher & Co.„_/3—/
R. A. Shillinglaw & Co.;_i; '
Bacon,
the
for
Wellington Fund, Inc.—Assets Increase—
>
Premium-on' debt retired-;-.-.—^
.
750
Co'.^.LjS-: 500
Lemon
127,251,778
146,618,251 141,183,039 131,825,541
28,142,061
26,217,173
23,668,728
costs
Interest expense
750
,
Co.___Lv._^___^__ 7V 500
Brush. SlocUmb &
J'
Net
Co.__„_500
Bosworth,; Chanute,
of
750
Wisconsin Co.___
Boettcher
Fractional
Navajo
any
■
,
incl.
costs,
tAmort.
1,000
Watling, Lerchen & Co—1,000
Kebbon, McCormick &: Co.__v 750
Lor.wi
■ .-••
/Foreign exch; loss "and exchge/) ad- ;
justments (net.)
Minority interests' share of profit.
1.000
Inc._
Y.
N.
'
_______^_1,000
5:
;
—
roy4 & partic.-.l1-; 7,635,780
Operating & ^general expenses..— 'i 78,982,485
Shares
Co..__
-v
.
Total
Other
the
1,000
Riter & Co-—
Sons___„1.000
Ames. Emerich & Co.,
Fenn
common
rate of 4 for 1 during 1948'
and, 1949.
>, Y "J*
Full share warrants may be transferred at office of
subscription
agent, City Bank Farmers Trust Co., 22 William St., New York. 15,
1943
.
v
/
.
i
.P'-esr-ott ■'&■'.
option
of
unsubscribed
1944.
'
the
at
shares
ment.—V.
••
Becker & Co., Incorp.
Spencer Trask
are
1945
5
,
*!
.
Lee
and
«'1
'
of
ACCOUNT
rental income; theatre admis.
sions, sales and misc. income— 141,791.416 136,123.380
Rents from tenants and royalties.
4,826,835
5,059,659
Amortization
underwriters
3/preferredsharesunderwritten
F. Eberstadt & Co.. Inc._._
A. G.
several
•
vertible
Film
lacquers, and other substances.
UNDERWRITERS—The
Aug/ 31—
Years Ended
INCOME
31,
a
mon
I
x
/•
common
Federal
stock." {Includes
share
excess
v
,/
profits taxes.
depreciation and
+On 583.129
shares 0?
amortization.—V.
162,
p.
com¬
290.
CONSOLIDATED BALANCE SHEET—DECEMBER 1, 1945
ASSETS—C8sh
securities
(
in
banks
and
on
hand. $6,121,476; U. S.
including accrued interest v.
/receivable, less
reserves,
$2,424,794;
Government
accounts and notes
$10,620,375; inventories, $43,805,885/loans to
;
and others, secured, less reserves, $2,398,778;,cash surrender
value of life insurance,
$18,369; post-war refund of Federal excess
profits taxes (estimated), $39,646; claims for refund of Federal excess
"profits "taxes, $1,245,932: investments in and advances to allied and
affiliated companies at co6t, less reserves, $338,678;-miscellaneous in¬
vestments <at cost, less reserves, $42,368; -land,
at cost, $1,385,830;
buildings, machinery and equipment (after reserves for depreciation of
$12,'831,127), $16,650,302; process, patents and trademarks, net, $81,534;
prepaid expenses and deferred charges, $443,341; total, $85,617,008.
Western Anto Supply Co.—December
ginners
Period End. Decv 31—-
Wholesale
sales
1945—MOnth—1944
$2,550,000
v.—*—
Retail sales
There were 235 retail
with
240
close of
banks, $28,865,000; accounts payable
and accrued liabilities, $7:886,629; common dividend payable^Jan. 2,
1946, $145,782; reserve for Federal income and excess profits taxes
and State income taxes, $4,611,274; reserve forpost-Wair adjustments,
$800,000; $4 convertible preferred stock (300,000 shares no par), $17,813,036; common stock (600,000 shares no par), $2,758,750; paid-in.
surplus, $3,200,000; capital surplus, $5,805,751; earned surplus, ^$14,457,037; capital stock reacquired,
at cost (preferred, 8,000 shares,
$480,840; common, 16,871 shares, $245,411)j!$Ib-726,251; total, $85,617,008.-—V. 162, p. 290.
at
the
end
$7,255,000
1944,
1945, against 1,481
-
products, which number more than 500 items, include as major...
classifications, disinfectants, insecticides, liquid soaps, paper towels,
cleansers, deodorants, floor maintenance products, specialized products
'*
'
:
Willys ^intends to entrench itself
car field/
;•
!:
Company's
West Street,
.business.
as
plant and principal
Island City (1), :N.
main
Long
Y.
3910, is operated in Montreal, Canada, by West Disinfecting Co., Ltd.,
a
wholly-owned subsidiary.This plant is now owned by Wedico
Corp. of Canada, Ltd., another wholly owned subsidiary and is in
the process of being transferred to West Disinfecting Co., Ltd.
Since
July, 1943, the company has owned and operated a small plant in
Chicago in which it manufactures deodorants and insecticides.
^
CAPITALIZATION
^PRESENT FINANCINpr'
s/, Authorized
Outstdg.
GIVING EFFECT TO'
'
■
■
"v
sinking fund debs.," due Jan. 1, 1961—__
$1,500,000
6%
cumul. preferred stock
(par $100)—
6,250,000
Common stock (par $2)
_
—
/ 125,000
.
_
Nov.
On
And
on
1945,
23,
$1,500,000
1,250,000
125,000
obtained hank loans of $800,000,
trustee for the redemption
the company
outstanding
line.
management
is
that this
confident
*
•
v
,
.
INCOME
subsidiaries)/
(Company and wholly-owned
"
"The
'
-
.
.
.
of
the
of
in
Dec.
1/44,
Nov. 28,'43
to
to
to
I
GrOSS
'
SftlOS
'
'* ?'■*'''•'
/
•
//£- / ////ft1/i
allowances!'
$11,565,093 $11,514,623
Of goods sold—
5,399,844
"5,290,931
returns 85
Cost
less discts,
Gross
profit on sales-
$6,165,249
Profit on term, claims—
$9,627,702
4,596,522
'
$7,550,689
3,495,717
acceptance
extended
usages
^
the
new
the
:'
$5,231,180
U. -S.
that
$6,169,289
172,995
$6,223,692
132,040
5,009,245 ft 5,030,688
6,724 ft./! ft. 12,445
——
Sell, gen. & adm. exps._
Prov, for doubtful accts.
$5,231,180
83,669
$4,054,972
35,417
4,175,153 fti 3,186,560
57,037
49,505
'
$1,048,520
$980,325
profit —ft—__
Other income/——
23,468
ft
$1,003,794
46,484
Other deductions
throughout
the
$922,852
35,967
:
33,935
,
$1,082,455
60,937
1
$775,957
,
47,327
•
$958,820
*
81,348
$823,285
134,853
Net
-
.
aggregated
1945
of
140,615
profits taxes—ft——
for
608,790
466,282
50,000
82,500
contingencies
sales_w
--v
488,816
(PARENT COMPANY ONLY) ' '
^945
,
*1944' !
capital stocks of subsidiaries— $31,186,662 $28,338,402
1
,
(at
net
book
value)
899,033
973,842
1,750,006
101,606
'
/
payable,accrued taxe? #. mlsc, exps,/ ; .-^$50,367;
payable.490,184
taxes
on
income.
Special reserve
J,188,355
28,223
,
Capital stock
(appropriated from surplus)-'—
(outstanding 1,944,051 shares at
*
$35,028
»
^
972.028
99,455
05,853
1,600,000 :/1,600,000
s
'
■
x',
/ft
9,720,255
*9,720,255
,
,
stated value of $5 per share)—
Surplus arising from adjustment of investments /
• ■■»
in subsidiaries to underlying asset values——
21,615,941 *18,778,486
Earned surplus
*
1,353,342
*1,178,778
r
Total
ft
$34,929,544 $32,380,422
*On Jam 2, 1945, the
Articles of Association of the corporation were
capital/ surplus, and reserve accounts were restated
effective Oct. 31,
1944.
The accounts affected, which are indicated
with an asterisk (*), are shown below as they appeared in the balance
sheet at Get, 31, 1944, and. as-restated.
4
~
The accounts as they appeared, in the Oct. 31, 1944, balance sheet
amended and the
,
General reserve
for contingehcies_____»^_
Capital stock, * outstanding, stated value,*!—
Capital surplus arising out of recapitalization, Dec. 31, 1934
Surplus /subsequent to
Td'tal
■;
The
$3,806,006
1,944,051
5,564,966
'.recapjrtaUzation^^^^j&^^i-^ 19,968,504
,
:
$31,277,515
—
accounts
Special-reserve
as
restated
appear
(appropriated from
in
the
sheet
balance
above
as
earned surplus),______
$1,800,006
Capital stock, dUtStahdittg__vi_ta——:' '■ 9,720,255>
-.-Earned
'
:-surpIusft__—1,178,774?
Surplus
arising from adjustment of investments
underlying asset valuesw_
sidiaries to
in
sttb-
Total
$456,019,176,
or
of
61%
18,778,486
$31,277,515
-V. 161, p; 51,
'
•f
f
1943"
1942
>
;
/FeriOd End.
i
1944
t
<F. W3W<wlw6rth C6.--December Sales Incr. 6.1%—
Dec.1945^-Month-~l944' ; l945-/l2Mos.^rl944
.
the
>,
;
$
$►
$
•
$
Sales_—___—71,751,473 .67,592,573 477,131,674 439,843,938
—V.
^
$267,310
$222,104
/;
$192,316
,
Total
67,500
$244,532
,! ' /
Misc.
West Virginia Pulp & 3Paper Co.—-Partial Redemption
491,332
.ill,
income
profits
Prov.
23,548
20,594
expenses
taxes
162, p. 2993.
•
■
Col.
Thomas
M." Murphy
of the Air
Transport
headquarters staff to
Air
resume his
pre-war
has
Job
as
a
key executive of
Lines.
-
ft'" Col
Murphy will serve as assistant to Wm. A. Coulter,
Los Angeles, Cglif.—V. 162, p. 3240.
President/ in
Western Union Telegraph Co.—-New Division—
Establishment
of
an
international
by K. Bruce Mitchell
was
communications
announced
on
Jan.
12
department
by this com¬
The department will have charge of overseas cable interests, it
was said.—y. 162,
p. 3121.
profit
/Fress; dispatch;-.
The
plant, formerly a dye works,
ings include a floor area of 605,000
10,'522,000
166,104
v
V
"FelloW
covers
4'4 acres. Frincipai build-
square feet.—-V, 162, p. .55.
& Checker Cah Oo.
ft;..::
^
(Consolidated)-—Votes
on
______
/ 61,326
39,206
6,819,000
Recapitalization—
31,004
20,6i5,0b0
.
.4,488,184
4,408,772 / 2/1239,593
2,"711,322
;.
——
<3,895/506
3,016,901
CONSOLIDATED
(restricted to expenditures on
S. Got'ernnrent
Accounts
deposits—$28,187,479
war contr.)
'seciyities.
receivable
,!
Other
10,738,782
t,111,022
2,534 855
of War cohtracts
current
—
*
16,651,678
4,943,350
4,221,916
-2,103,725
—
^Property, plant and equipment___________w__
Deferred
charges
tReal estate, etc., under lease to war Industry
Post-war credit.of excess profits tax, etc.—'
Long-term note receivable (includ. interest")
Deposit in Canadian bank—
Sunrdy receivable and investment
I
___/
Total
1944
$18,910,294
98,632
,
Inventories *
Claims arising from cancella.
1,265,399
I945
-
and
demand
>
BALANCE SHEET, SEPY. 30
ASSETS—
pany.
N. J., plant lisecl by this cotnpahy for making -alumi¬
■
^
The stockholders Were scheduled to vote Jan. 18 on a plan 61
'merger and recapitalization, Which provides, in part, as follows: I
For thp -merger <oI this company (a Delaware TCorporation) with and
into its subsidiary, YelloW Cab Co. of San Francisco (a Nevada corporatlon), the Surviving Corporation- to be known as Yellow Cab Co. FoT the creation of an authorized issue of 80,000 Shares Of new $25
pat value 6% convertible preierred stock and 1,800,000 authorized
v shares
of "$1 par value common stock, of which 80,'000 -Shares "of pre¬
ferred and about '230,000 shares of common stock would be outstanding/
FOT the issuance Of approximately $750,000 new
debentures.
For each Share of present $50 par class A "common stock 'there will
be iSsued in exchange $25 par of debentures, two new ^preferred shares
and three neW common shares; and
For each share of present $50 par class B "common Stock "there Will
be issued In exchange Seven new common shares.
ft , /
,<
Bach share "Of new preferred stock will be convertible during the first
five years into 2lk shares of common stock ahd thereafter into two
*
Net
U.
Command
General H. L. George's,
The FalrIawn,
num castings for aircraft engines is offered .for sale or lease, the' Re?'construction Finance Corp.- announced, according to an Associated
■
■
22,450,000
.
Wright Aeronautical Corp.—RFC Plant lor Sale—
■
-
r3,452,500
Cash
'
10,172,026
349,974
.
>
.
■
contingencies,J
Cash
returned from world-wide active service on' Lt.
»
■
31,023,133 27,606,947
128,116 ' ■■ 133,068
1'5,520,000
(net)
for .war-time and
other
has called
Western Air lines, Inc.—Official Returns—
■
21,729,109
1,145
other 'deductions..
27,167,163
439,785
.
■
Federal income ts excess
for redemption On Feb. 15, 1946/ a total
of 3,896 shares of its outstanding 4V2%
cumulative preferred stock,,
/par $100, at $107 per share and dividends amounting to $1.12 ^ per
phaie. Immediate payment of the called stock will be made at the
Irving Trust Co., One Wall St., New York, N. Y.—V. 163, p. 113.
company
30,451,868
571,265
21,237,777
1
Interest
■■/''''/ft
'
151,932,463 175,422,832 134,117,270
92,386,059 4;
&
6,149,042
6,583,788 • 6,471,382 : 6,715,541 ;
income
297,838
.
headed
in
SHEET, OCT. 31
$620,766
486,147/
$34,929,544 $32,380,422
Accounts
and has a green light to
.
: v
1
/
/ ;
/
'
-operating profit-
Other
Taxes and
Balance surplua—
—V. 163, p. 113.
Western
/
.$875,276
972,026
on
Dividends
179,319,283 212,458,489 167,755,'815 109,273,626 \
•
\:ty:
•
_
■
Lt.
54,736
141,925
./ft
Government
Reserve for
upwards
78,561
136,372
560,300
—
Adm., selling, service
parts expenses
Net
129,700
ft
—
sales
Cost
"
The
27,867
ft
,
applications
INCOME ACCOtJNT (including Subsidiaries)
;
Fed. Ac Canadian excess
Prov.
war
Years End. Bept. 30-^
Fed. & Canadian income
-
215,410
$817,427
.
'
ft Gross
taxes
$978,106
972,026 ftft
„
Total
'
>
31,000
other -assets
report gave a brief review of the company's war 'effort, stating
than $760,000,000 in war material was produced from 1941 5
close of hostilities.
The cumulative total of Jeeps and parts
company's total armament output, ;;
,
..
164,225
44,200
$602,017
more
the
sales
Total
Deprec. & amortization-
$903,143
ft
$648,701
securities (at par value)—_ >
2,085,000
deposit with, Treas. pf State of Wise.
Cash in bank «ndi on bkndii;—725,595
program
,
to
$1,173,331
ft
the Jeep
product development has been expanded
the limit of your company's capabilities."
$4,054,972
—.
investments
Secur.
highest
The
$6;223,692
254,442
;
Fed.
&
paid
Investments
Universal
for
and
in
4,040
.194,469
opers._
income-
BALANCE
calibre men in motor vehicle merchandising has been
painstakingly built, both domestically and abroad.
Our overseas po¬
tential is more promising than ever before.
The Universal Jeep carries
its own highway with it and is going to sell in hundreds of world I
markets where no form of transportation ever sold before. < Research
Dec. J/41
Nov. 29/42
to
$978,862
31,436
State
ASSETS—
Discussing the outlook, Mr. 1 Sorensen said, "Your management is
looking ahead with a high degree of optimism. An unlimited automotive market is at hand.
A distributor and dealer organization of
the
$1,076,905
125,242
17,833.
:
(net)
on
Dividends
for overall plant expansion.
Since
entails a minimum of reconversion and tool¬
ing expense: it is believed that company will be able to meet in¬
creased production schedules without delaying production of the other,
vehicles comprising the complete post-war line.
The post-Wfer produc¬
tive potential of your company in terms of motor vehioles exceeds by
a wide margin the total number ;of Jeeps produced in any one year ?with
4,462
$1,158,436
for
taxes
Other
exceeds initial conservative estimates which have been revised
connection
5,145
108,200
10,433
for reval, of real
Prov.
■■
in
f/'/'V *
90,884
investments
proceed¬
Jeep, ■ Mr.
of this
/revolutionary vehicle continue to amaze even the engineers who de/
veloped it.
While your management has long been confident that the
Universal Jeep would enjoy' widespread popularity and would constitute a most profitable
volume line, both domestically and overseas,
the
total
distributor and dealer demand, thus far received greatly
manufacture of
49,411
estate owned and oth.
v.
,
^
public
the
%
51,404*
117,220
equip,.
from
inc.
Prov.
premliminary finding on the renegotiation Of profits for the fiscal
1943 has been made by the War Department Price Adjustment •;>
Board, the report explained. ' While this finding has been appealed
and additional data -submitted, negotiations have not reached a stage
where a determination of the amount of possible refund can be con¬
sidered final
Renegotiation «for the year 1944 has been initiated, and
ample reserves have been provided for, meeting, the net amount of all
probable refunds.
w
^
t.
"The
68,676
59,527
-
$1,234,072
Net
A
bn
// 37,970
157,167
&
"v■
Recoveries
year
said:
1942::
$871,408
19,617
owned-
est.
■*'■ '</-
i/
in the immediate
governmental contracts,"
"The task of settling these contracts is
nation-work-shortly after Jan. 1, 1946."
"Reporting
pensions
V9/594
44,219
-
'
without complication in accordance with previously made plans.
Your management anticipates major completion of all contract termi-
;V Sorensen
$878,265
8,235
Depr.—bldgs.
resulted
war
$155,000,000
than
more
1943
$1,151,772
48,404
-
,
Mos. End; —Calendar Years-
Oct. 31, '44
31, 45
$1,311,510
exps.—rl.
ing
ft/ft-ftftftft7'//; Oct. 27, '45 Nov. 30, '44 Nov. 27, *43 Nov. 28, '42
;*
capital for, post-war expansion,
termination
successful
statement said.
the
:<•'/,
-Report—/
(PARENT COMPANY ONLY)
Oct.
,1'
for
Prov.
$38,926,261.
This compares with a total of $26,021,316 at the close ;;
of the previous fiscal year. ' Net working capital on Sept. 30, 1945,
amounted to $19,604,587, an Increase of $5,683,844 since the compara¬
cancellation
STATEMENT
f
been
as
Taxes, repairs and other
During the year, the company added $3,452,500 to reserves for war-;
and other contingencies, including price adjustment, after provi- ?
for Federal Income and excess profits taxes.
"Throughout the
war," 'the report "stated, "your company has rigidly followed a policy
of financial conservation."
This was necessary, it explained, to pro¬
'
■
CONSOLIDATED
a
MiSc.? oper/expenses/;i
!
,
,
Directors.
elected Secretary,
Vice-President, Coun¬
member of the finance committee.—V. 162, p. 1442.
Salaries
(estimated $1,423,322) will be used in
part to pay and discharge the mortgages on property in the aggregate
principal amount of $49,588 and accrued interest, and pay off all its
bank loans in the amount of $800,000, of which $700,000 is owing
during the war period."
•
"
*
to Chemical Bank & Trust Co. and $100,000 to Trust Co. of North
The report cautioned stockholders that "during the post-war period
America, New York.
It is contemplated that all or part of the com- ft of jndustrial readjustment, it is to Pe expected that operations will
pany's other outstanding notes payable in the principal amount of
be subject to certain interruptions pending a more normal economic
$33,500, will also be paid off from the net proceeds.
,
"! /situation.
At the present time, and quite likely for some months js
The purposes of "the issue are to provide funds to pay the above
to come, complete reconversion and the resumption of full production >
mortgages, bank loans and notes, and to provide funds for additional
will depend substantially on developments in the overall labor situation
Investment in buildings and equipment, if the company should decide
•now confronting the nation." t
~
to make such additions.
of
Interest
v
,
.
Board
Year Ended lO
sioh
PURPOSE—The net proceeds
director and
a
Income
time
issue of
the
Period—
-
ble date in 1944.
$860,000 of 3%% first mortgage
and collateral sinking fund bonds due June 1,
1958, with accrued
interest and a premium of $17,200 for prepayment.
entire
newly created office of Chairman of the Finance Com¬
Charles E. Sorenson, formerly President, -has been made
INCOME ACCOUNT
review marked a continued improvement in
financial position of the company, the report said.
The
position continued to show impressive gains, and as of Sept. 30,
1945, there was on hand cash in the amount of $28,187,479 and U. S.
Government securities
in the amount of $10,738,782, or a total of
'
the
TOstonsin Bankshares Corp.-^-Annual
cash
that day deposited $896,013 with the
the
of
sel,
overall
the
a-
j-v^./
?
/ ! The fiscal year under
v
are
A
and
of design,
;
:
;!
■>! v
Milton McCreery, Assistant
Secretary, has
succeeding George W. Ritter, who will remain
revolutionary small pasalong with the other motor vehicle offerings, will enjoy an
unprecedented degree of mass public acceptance," Mr. Sorensemsald.
"
to
Chairman of
truck in four
vide .increased working
located at 42-16
plant, established in
office
the
"Your
,
1944.-
Moohey, who recently resigned as Vice-President of Gen¬
Corp., has been elected President and Chairman of "the
Directors, Ward M. Canaday, formerly Chairman, has been
of
elected
Vice
senger car,
:
in
a
.out
ft;-
J
light
and
"
buildings, institutions and places where large numbers
of people congregate.
Except for dispensers and similar equipment,
the company's products are consumable goods,
whose constant re¬
a, repeat
the Jeep, the report stated," the company will produce
original vehicle closely 'related to the familiar station
1945 and $178,508
-PresideWt,
mittee,
type.
A
conventional body types on the same chassis
larger commercial ohassis of heavier load capacity will follow"
the third step; and the "new and unique passenger car" will round;:
new
public
produces
and
hew
$61/321,600 $72,513,338!
—
Motors
Board
competitively in the passenger ,'?
1;:!■-
wagon, incorporating new utilitarian concepts and features
and construction never before offered in a vehicle of this
Company's products and services are designed to combat the spread
disease, destroy many
insect pests, and assist in maintaining
healthful conditions and cleanliness in homes,
schools, hotels, fac¬
plenishment
Following
"a
more
^4,344,522
James D.
eral
class."
in this
car
a
.
ooo
Nfew
versal
of
tories,
in
2,372,829
10,595,666
•7,056,505
amounting to $3,482,468 in 1945 and
JAt$?r reserves -for depreciation on revaluation of
$208,938 in
report gave the first complete outline of the company's fourpost-war product program, which 'was "spearheaded 'by the Uni¬
Jeep."
By virtue of this program, Mr. Sorensen pointed out,
part
ft/ft.ft!ft////ft;
,
oono
The
Company fenders service to its -customers in connection with the
use of many of its products,
installs: appropriate equipment therefor;
and supervises the application of certain of its products not intended;]
for retail distribution to the public.
Dispensers and similar equip¬
ment are either sold oy
the company or loaned to its customers
and are intended for the exclusive use of the products of the com-,
pany. -
never before offered
10,386,442,
2,372,664
10,595/841
fePrecla^bii
Reporting net profit of $2,711,322- after! reserves and 'Federal income
taxes, for the year ended Sept. 30, 1945, Charles E. Sorensen, Presi¬
tells
stockholders
in
the-annual
report that the company
has "designed/engineered, developed and thoroughly proved a com¬
pletely new, low cost, small passenger car, embodying features -! and
improvements
:
!
•'
dent,
basic
8,172/070
$l)-i_i_/_-_________
(par
439,518
■100,000
surplus.' -—_'
Totoi'*'.—1
the
equipment.
similar
stock
312
531,815
,
on
Operating surplus
^
Willys-Dvfeirlaftd Motors, Inc.—Annual Report—
prevention'of certain occupational diseases, dispensers
and other equipment for the proper use of such commodities, includ¬
ing soap dispensers, deodorizing appliances, paper towel cabinets and
in
aid
to
Common
.
;
one of the oldest organizations engaged
distribution of sanitation products.
Its
COMPANY—Company is
the manufacture
and
in
,
adjustment^/,
coritr.
Reserve for War-time and Other contihgencies__
/ Papital
27,348
:
is
Reserve for guarantee and policy
>
3,503,335
30,569,571
1,439,612'
,
/ Due officer
:p;-,3l22.ft;/.;s.;:ift/
>
99% and interest. '
ft- /. v ./ft ■/
:.//:'
bated Jan. 1, 1946; due Jan. 1, 1961. Principal and interest (J-J)
payable at principal office of Trust Company of North America,i trustee,
New York.
Coupon debentures In denomination of $1,000, registrable
as to principal only.
Redeemable as A whole , or in part at. option of
company at any time upon
at least 30 days' notice at . principal
amount
plus, premium as" follows:
2 Ma % through Dec. 31, 1947,
thereafter 2% through Dec. 31, 1949; thereafter iy8%
through Dec.
31,
1952; thereafter 1%
through Dec, 31, 1956; thereafter
through Dec. 31, 1958, and thereafter at principal amount without
premium; and also redeemable, for sinking fund only, at principal
amount plus premium as follows: 1 %
through Dec. 31, 1949; there¬
after J/2% through Dec. 31,> 1956, and thereafter at principal amount
without premium; in every case with accrued interest to
the re¬
,
,
1945, compared
l,5i5'<at the
were
NO T)E~~For mechanical reasons it is not always
possible to -arrange companies in exact alphabetical
'However, they are always as near alphabetical
position 'tis possible,
■.- /;\.
Offered—A new
issue of $1,500,000 2%% sinking fund debentures was offered to the public Jan 17 by Coffin & Burr, Inc., at
demption date.
-v
;
v's.
$8,734,174
payroll,
/ Advances by. U. S. and Canad. Govts,
Co.—Debentures
Disinfecting:
accounts
before.—V. 162,
yea?
■LIABILITIES—Notes, payable. to
West
at Dec", 31,
Wholesale
a
payable", trade__///;X//ft//./i;:: $2;993,7*48
taxes, ,,etc.——, '1,-133,438
■ Provision for Federal income taxes—UJ
22,089,792
Customers' deposits, Sundry payables; etc-——/
$50,797
Price " adjustments in connection With
renCgotlation of war cdntract6_^L_._/_^-_/wv-5,506,000
Liability for workmen's compensation claims—I
■24,911
Accrued
$4,978,000 $58,817,000 $47,160,000
units in operation
of
ft;
Accounts
;
$1,726,000 $27,393,000 $21,746,«0&
3,252,000
31,424,000
25,414,000
4,705,000
/ Combined Sales —ft—ft
■
•'// LIABILITIES—r..,
Sales Higher-—
1945—12 Mos.—1944
-12,806,522
7,559|273
7472430
324,486
678,703
;
.
I
20,589
9,442
.
2,957664
971,107
702,791
Shfi<f6i«
Under
4,412,401
379,389
23,914
16,893
$61,321,600 $72,513,338
common
'"•
.•'
$22.33
per
.
.
share of class
A
.
A common stockholders Will. be offered. $77 per
share, plus dividends at the rate of 33Va cents pel* month accrued
thereon from Sept.. 30, 1945, to and including. the dividend accruing
in the calendar month in which the surviving corporation shall fix
date "for such payment.—V. 161, p. 51,
'
:
v-::
ft /:
Dissenting
-
....
«
the plan, arrearages totaling
stock will be eliminated.
class
Volume
York
163
Number 4457
THE COMMERCIAL' &
FINANCIAL CHRONICLE
Ctorp.—Annual Report—
INCOME ACCOUNT,
YEARS ENDED
in
SEPT7 30
AA
11945
Cost
of
vU_J„*
sales
product
from
sold and oper. and
r-V"-.
h,
^
33,813,969
——,-.Tr—
30,438,809
$3,668,063
ft/,.179,266
198,913
>
From
tlross/Income—^.i/$4,730,424;'■'$3,866,978'-/ $3,505,743
income charges
•Other
Net
•:
■
389,706
•
,601,057
•
'
'
Income
ASSETS—
-
$4,340,718
______
$3,265,921$3,098,314
Pennsylvahia
/
profits taxes;.—-1
Income
2,684,000 A
Prov. for
Net
war
1,907,083
Vtaies——,123,000^
AAAAi f AAAf' AA—■
Net Income
'
—
and post-war
;-
;
*^1." $1,140,718; j '.$879,838
A; 191,000
conting.
income
beginning of
;J ''j,than
certificates
$729,838
costs
85^.-.completed
50,000 :K Invetories
.
contracts
miscellaneous
i'-'
Deferred charges
I
Total
surplus
Redemption
v'r bonds
|C
1
premiumsand
redeemed
—2
c
k; Xl'i
a'.K "!l/ •;
•
279,191
_____
exp.
on1
l"—
ij
.:i
.
>3,522.442
$4,192,969:
capital stock-
on
,,
———.
,
~i ■/-* 4 V&l/
■
1
■
11
-
' /
payable
Sinking
•
1
vEarned:,surplus at:< eii<fojt >ea—A/. $3,840,142
v
279,191
'
,
r' 73,636
.
..
Accounts
,—-
"'ifr
;
■.■■«■■■
$3,243,251,
1
.
164,510
$29,283,091 $32,094,984
LIABILITIES—
Notes
Accrued
" *~—'
fund
payment
payable
Fed. & State
due
of
within
Penn
year.___w__ :,v,
income
on
Other
taxes, payrolls, interest, etc., accrued___
Est. additional cost to complete
contracts (85%
$2,792,604.
50,000
______
3,074,204
981,202
.
-
pdst-war : credit;
1944,1 $218,917;
completed
'
1943,
availecf of
$ 195,000;
365,127
sales
•
>
accumulated
costs
,
for
profit;
This
volume
.
Sales
—
encouraging.
The
possibilities
of-booked
volume
—v. 162, p. 2689.
,
Political Conference Convenes
China's civil
war came to a
and 15:
$udden end, which it is hoped may be
China, broke the deadlock in the truce
month.
nego¬
in ironing out differences between the two
It was believed, the Associated Press reported from Chungicing, > Jan 10, that Generalissimo
Chiang Kai-shek had agreed to and can help in democratization
modify
his previous insistence of the jcbuntry*?; He^ said^/China's
that the Nationalists should occu¬ mission generally speaking was to
py
certain
specified
strategic estabilsh peace throughout the
in
the
Inner
Mongolian
into
Chahar
World
and
to
eliminate
all fathers Who
service
forever
He
to
re¬
Chinese
sovereignty. The
order also prohibits destruction of
—and interference with—all lines
of communications. The
vices stated:
of
Announcement
same
ad-
•
,
*
the
truce
:
38 delegates of China's
political factions gathered
the opening of the ^Political
came
as
various
for
Consultation; Conference
the
in
Hall of Ceremonies of the National
Government, building. The truce
meeting was .advanced to permit
renewed efforts at peace prior to
the conference opening.:
A:-;
i-
Chiang is Chairman of th« con¬
ference, which will meet for 14
.
days in an effort to chart
this
for
future
ancient
new
a
land.
A
Opening the Political Consulta¬
Conference, almost simultan¬
eously with, the conclusion of the
cease-fire agreement, Chiang an¬
tion
decided to:
; 1.
.
-
.,
-
\
-.
„
-J
-
.
Grant the people freedom of
person,
conscience, speech, publi¬
cation
and
association
them
'safeguard
arrest and trial.
2.
*
^
and
against
„
;
„
to
illegal
;
„
All political
parties shall be
equal before the law and may op¬
erate openly within the law.
*
3.
Local
self-government
will
actively be promoted in all places
.
•
and popular
elections will be held.
Political' prisoners,
4.
traitors, and those found
■
committed
«
definite
except
to
have
acts injurious
to the republic, would be released.
Approving the four points, Gen.
they were basic for
achieving constitutional governChou. said
'
*
;
ment.
/ ■;
'V
Generalissimo Chiang Kai-shek
■■"
declared
the
ready
accept
Government
was
all decisions of
the cohference "if they are bene•
ficial
tend
to
to
to
national
reconstruction,
promote popular welfare
promptly
service.
Senate
Mili¬
.
like
Total
Harbor
amount
paid
160, p. 1026.
in
general trend of opposition
the draft; The New York
to
"Times";
Nov. 28, revealed that Dr. Edr
win
Sharp Burdell, director
Cooper Union, in his annual
declared
that
it
was
of
re¬
"un¬
science students
.
and
the House concurred.
At the
-.<■
on
Dec. 20, it was
brought out that
had been signed by Pacific ❖
6,1941,
an¬
ticipating
an attack by the United
against Truk if the Japa¬
Stares
made
nese
was
The
war.
agreement
signed, according to the Asso¬
ciated
Press
of the
Ignited States
Asiatic'Fleet, and Admiral Tom
S. V. Phillips of the British Far
Eastern Fleet, and was read into
the records by-William D. Mit¬
chell, committee
miral
R.
K.
had
previous
plans in the
resolution
Chou
En-lai, head
of the delegation the Communists
sent here to talk peace, and Geh.
Chang Chun, representing the
Chinese
Government.
emerged
smiling from the con¬
Both
Chang and Chou
ference.
agreed
gress
with
Marshall
three
All
that
pro¬
had been made.
to
'outlaw
all
.
such
training throughout the world by
international agreement.
?
-
In the
view
of
Eugene Meyer,
Washington
"Post," peacetime military train¬
publisher;
of '• the
.
ing is necessary "not for the
pose of
winning
pur¬
wars but for mak¬
ing
people respect our known
strength." "There is no respect for
unknown and invisible
strength,"
Oppose Gontinualion
Of Military Draft
Mr. Meyer asserted in'an
appear¬
ance
before the
House;;Military
Committee
Dec.
on
7
President
Increasing opposition to a peace¬
time military draft appears to .be
rising both in Congress and among
deadline
was
by Japan to
move
be¬
yond it would mean aggression tQ
thera, said the Associated Press
go
which added.
can
Chungking^ Jan. 7, for about three
frofn
conference
cross. This
first line of defense and
any
overt
hours with Gen
the
of
war
fixed spot which the British felt
was a
proposed legislation for
teen-age compulsory military
training and instead act on his
count
proposed Allied
alarm¬
Massachusetts, House Republi¬
leader, asked that: Congress
Truman's
one
of
year
such'
to
support
request for
training
for
20
cents
this
issue
the
per share
the common
on
record
in
as
A; Admiral
mittee
Turner
told the
com¬
the
that
joint operations
plan signed by Hart and Phillips
arrived at the Navy Department
here at 11 P. M.
Dec. 6 and
on
was
with
the
British
Admiral Hart said that offen¬
sive operations could not be car¬
ried on from
Singapore and
sug¬
gested that the Manila base be
opened to the British. Stark
ap¬
proved this, "when practical."
a;
Testimony at the Pearl Harbor
investigation was given in the
"Chronicle" Dec. 6, page 2798.
s
wmmmmmrn
Secretary of the Interior Harold
L. Ickes, in a formal statement
on
Dec. 22, recommended that Hawaii
be: admitted to the Union as a
state
the
in
the
"immediate future,"
| Associated
Press
reported
from Washington.
Congress is al^
ready preparing to ascertain the
territory's qualifications for state¬
hood,
and
sent
to
committees
Hawaii; in
are
in
1898
and
since 1900.
has
been
until
eight
or
Department
of
the
Interior.
The
nine
.
In
submitting
the
joint
plan,
which
which included the stationing of
cruiser force
a
on
^Australia, Ad¬
miral Hart noted:
"We consider it very important
that action in the Far East area
should be coordinated with the
movements
of
the
United
States
in
turn
supplies
most
In
his
manufactured
imports.
statement Mr. Ickes ' ob¬
served: "Despite the
highly cos¬
mopolitan composition of the pop¬
ulation, in which many racial
groups are represented with dis¬
tinct traditions and
as
ualized for the movement of this
ity."
Act, has
sought ended by
been
a group
recently
of Sena¬
tors
who contend that,
voluntary
Army enlistments having reached
a rate of
175,000 monthly, there is
no
necessity to continue selective
service.
It
*v,
,
" was
Senator
'*<,
;
\
f Revercomb
(R.-W. Va.) who reported
on
the
present enlistment "figure, and he
was supported in his
proposal 'for
termination of selective service by
Senators
Taft
(R.-Ohio),
George
(D.-Ga.), Willis
(R.-Ind.), and
Young (R.-N. D.). " The West Vir¬
ginia Republican,
according to
Associated Press Washington ad¬
vices of Nov, 30, said the War De-v
was
follows:
as
the
world
that the Axis Powers did
not
know they
before
known
were
going to be beaten
started,
Had they
they
it,
.
they
would
"Referring to
some of
have
not
started," said Mr. Meyer,
the oppo¬
sition to the
proposal, Mr. Meyer
said that, he was unable
to under¬
stand 'the
country
people who
tinuously
the
undermined
the
war
con¬
the
pro¬
of
grams
ness
before
trusting
training and prepared¬
which
undoubtedly encour¬
aged
dictators
to
attempt
world
conquest and which certainly re¬
tarded
selves
our
and
quickly."' '
ability to defend
end
..v~A,
the
-
war
hope
we may
to
Truk, in full accordance
with plan 'Rainbow 4.' The release
of
cruisers
New
from
Zealand
Australia
isintimately
and
con¬
customs, the
people of Hawaii live and function
a
unified
American
executive
waii
today, the
pointed out, is vested in a Gov¬
and a Territorial Secretary*
our¬
more
A-A a'A.
a "
who
former's absence.
A
is
Acting
Governor
in th4'A
The Associated
Press added:
Hart and Phillips had agreed,
subject to the approval of their
Governments and
later
by the
Australians and
the Dutch, - for
joint use of Singapore and Ma-*
"Both are appointed for fouryear terms by the President of the
United States with the consent of
the Senate. The territory's
nila
ture
as
The
battle
naval bases.
British
fleet
on
>
to
•
base
their
Singapore,
with
were
four battleships stationed there—
the Prince of
Wales, Repulse, Re¬
venge and Royal Sovereign. The
United States was to
supply four
destroyers and the Dutch six, to
.•
of Ha¬
Associated -Press
power
ernor
nected with the movements of this
A#-:;;A-^
commun¬
'\aa
The
fleet."
A;
a
fleet
we
of
Hawaii's
;•
of
,
territory
a
The
people of this outpost of the
Pacific have already voted 2 to 1
hours later. He said the approval
for statehood, but the final deci¬
of Admiral Harold R. Stark, thension rests with
Congress.;
Chief of Naval Operations, went
The principal products of the
back to Hart a few hours after
the Japanese attack at Pearl Har¬ territory, whose population is ap¬
proximately 500,000 a at present,
bor.
'are absorbed by the United
States,
decoded
not
further
him
be
division of terri¬
tories and Island possessions is in
the
existing draft under the Selective
quoted
to
January
for
first-hand
information.
Hawaii
was annexed to the United States
be informed of the timetable vis¬
misfortune
•
.
Urges Hawaii As A State
others of the* nation's leaders. The
A"The
battle¬
ships and cruisers.
Pacific fleet and
Service
15.
last
1,
1944.—
^:—■
American .youth.A The Associated
Press advices from
Washington,
Jan.
Feb.
on
same
?■
operate
testified
the United States High Command
had refused to
approve
ing shortage of scientifically and
abandon
of
British-American naval agree¬
a
counsel after Ad¬
Turner
a
?
on
share,
per
-■
ment
fleet commanders Dec.
science; and engineering students,
men.
York
,
shouldn't
2, Joseph W. Martin Jr.
.
hearing before the Senate-House
investigating committee
tive*;ServieeA^policy iiidrafting
On Dec.
&
British-American Naval Pact Revealecl
Pacific because the British fixed
a
"deadline"
the
Japanese
of
Safe
Inquiry Extended—
should be drafted
now, and that
because of the "ill-advised" Selec¬
technically trained
$1
v
thinkable'.'; that
an
dividend
disbursed
was
with Government and Communist
this country now faced
extra
an
was
1945
W
.commander
of
York
Before adjourning for the
Christmas recess Congress consented
to extend the Pearl Harbor
investigation until February 15.
The
Senate agreed to an extension
beyond the original date of Jan. 3,
V
Among educators there has been
port,
of
end
a
on
extra
second
an
of
quarterly dividend of 20 cents per share
value, both payable Feb. 1 to holders of
this
calling for
business
A
act
the draft.
;
par
report from Wash¬
ington, by Admiral Thos. C. Hart,
a
the
..
to
and
and
name
1251.
p.
Committee
on
resolution
the
in the
were
selective
On
Affairs
now
161,.
of
negotiators, made his first state¬
ment Jan. 7 since the opposing
forces agreed to the conferences.
The meeting took place at Gen.
Marshall's I temporary
residence,
and feeling Was
optimistic v that
the IL S. envoy's direct participa¬
tion in attempts to solve the crisis
might result in hoped for settle¬
ment. Geh: Marshall met; accord¬
ing to the Associated Press ac¬
nounced that the Government had
V
under
called
tary
Pearl
a
month for armed forces."
Sen. Revercomb said he favored
immediate action to stop drafting
of all fathers and the release of
and
Manchuria
within
or
store
a
us
only 50,000
Jehol. aggression and armed conflict. In¬
The "cease fire" order was issued ternally her task was to maintain
after Gen. Chang Chun, Govern¬ peace and stability and to carry
ment
representative,
and - Gen. out the Work of national recon-r
Chou En-lai, No. 2
Communist struction.
leader,; reached agreement at, a : The conference was called to
meeting with Gen. Marshall. Ac¬ discuss
problems pf "national im¬
cording to the Associated Press port."
military
commanders
on
both
; President Truman's special en¬
sides were i directed to halt all
voy to China, Gen. George C.
troop movements, except for the
Marshall, after his first session
transport of Government troops
of
175,000
or
When hostilities with Japan ended
that we would need
groups.
provinces
day
a
President Truman told
corporate
directors have declared
no
year.
V.
an aver¬
Co.—V.
ktd.—Declares Extra Dividend—
s
and the usual
stock,
1
Revercombr "is
of 5,700
age
.
United States envoy td
tiations and succeeded
'if.,? The
"That November figure,"
'
said Mr.
truce agreement between Government and Com¬
munist: leaders arrived at when Gen, George C. Marshall, special
a
the
exclusive
^e"er
$29,283,091 $32,094,984
'
partment informed him that the"
Army had obtained 12,000 volun¬
teers in
September, 65,000 in Oc¬
tober and 81,094 between JSTov. 1
Truce in China's Civil War—
permanent, with
'
t
3,200,000
3,600,000
236,177
150,000
930,636 t
930,636
8,384,205.
8,384,205
>,840,142
3,243,251
An
—_______
outlook, is
areas
V
Edison
Inc., manufacturers of safes, vaults and related
equipment,)
Co.,
pleted.—V. 161,
4,400,000
Reserve for war and post-war
represented a 12.V-t%'\
contingencies—
increase over the preceding year.. It was the
highest volume of sales % Capital stock ■ (par $1)
in York's 61-year history.,
Uncompleted orders were $16,017,371 at the s>:CapttaI surplus
year-0nd . compared to $27,139^922 a year earlier. ; ;
Earned surplus
,A It is not anticipated that any:
readjustment will result from renego¬
tiation, proceedings.
Total
*
qualified
shares
up to
Edison
to
distribution by its own organization.
They will include plastic
machinery, microfilming equipment and pro¬
ducts in other fields
on which research and
development is being com¬
-
.
1,502,068 •1,417,871
4,300,000
mtge, 3(4 % bonds due 1960___-.^.u>;.._
First -mortgage 4(4 %
bonds, due 1958
Notes payable to
banks, 1949-u.l.^
^
through ^credit >for- debt retirement.- A ''
,-A11
/
For'the fiscal year, ended Sept.- 30, 1945,«corporation.reports $38,-
related
over
First
3,168
dividends
assets
as
1,065,884
.
.
tLess
remaining
Metropolitan
its
as
and
Industries, Inc., will continue to manufacture its standard
prewar pro-v
duct lines under contract
to Diebold. Additional
regular York products
will be manufactured
at Canton, Ohio, in one of
four Diebold plants,.
in--York
Industries, Inc., will broaden its activities to include the manu¬
facture of other
products for
2,674,058
1,038,010
•Including interest and debt discount and expense: J945, $315,701;
S
or more; completed)
1944, '$473,925; 1943^ : $367,753; and -investment iW'rite-down;' -1945;.
1^--717,693
'V Excess of billings-on? contracts less
than 85%
$10,000; 1944, $90,000.
i
„A
'' '>
!
of
its
outstanding $387,000
well
the
l,84l',069
taxes
all
its
as
interest
Branch offices and sales
forces will be combined and
operated under
name of York Safe
& Lock division of
Diebold, Inc. This division
will retain
separate identity as a sales unit.
The former York
Safe & Lock
Co., henceforth to be known
V'?':/•
r
-v
"•
."'l- banks—_■—>^ $400,000 .<$3,300,000
-
to
transfer
subsidiary
full
public
with
plant and machinery at York, Pa. The
pur¬
price, which was not disclosed, includes
patents, processes, all
open orders,
engineering facilities, portable dies, Jigs and
equipment
other than
heavy machinery.
"
Total
$2,792,604
a
the
chase
i
-
83,112
will
of
stock,
/
.
acquired
Lock
6,080,846
i :
hands
preferred
It>
Power,
Diebold,
has
759 140
,
&
2689.
the
par)
1946,
.)> York Safe & Lock Co.—Business Acquired—
>0,810,394
—
Kirkpatrlck at Philadelphia.
plan, York will pay off in
($50
.
plan of the company, a subsidiary of the
former
Co., has been confirmed by Federal
Judge
Electric
the
31,
Light
p.
*
-
028
'1,041 819
9,882,390 I
,
assets..^.';,"'" 630 237
n
'6,063,313
■
Dividends
8'636
'
i.
T
'")■
2,504 471
billings.^^^'476,225
property. <net)._—:
and
1944
less
;
investments
Total
$902,314
1,890,290
;•
on
related
over
Total
2,792,604
5%
Jan.
$2,097,775
-
6,825,052
———
—J—*——•—
:./ $902,314;
—$2,002,588
indebtedness-^^...
3,320,173
of
receivable
accumulated
A'" A
&
gold bonds in
of
W&i'rS/:-y'1945
deposit-..-
on
accounts
Patents
3,243,251
year
1,750,000.
.
.-A
and
and
Gas
H.
■Under
SHEET, SEPT. 30
A
.
hand
■f Excess of
150,000
>
$949,718
Earned surplus at
•
91,000
-
•*—»
■
Govt,
S.
Notes
.
tFed,eral excess
on
U.
■
value-'
A A AAA A-A AAA Aav^A
.-profitsAtaxesx—393,000
A 388.000 AA'-' 396,000
excess
CONDENSED BALANCE
The reorganization
5%
below.
Railways—Reorganization Approved—
Associated
William
-
Cash
•Federal,' normal- and,- declared
York
the
?:l' 'l&r: •[
407,429'
•
Industries, Inc., York, Pa.—Successor-^-
See York Safe <te Lock
Co.
,
AA
. .V
standpoint of physical changes within the
28,034,467
plant recon¬
version is presenting no
problem of great moment.
However present
unsettled conditions, which
directly affect ability to procure materials
$3,359,814
and components on
schedule, are making smooth and profitable oper-A 145,929 A ations difficult.
A •»;>■<•Y AAA*
-•
$4,551,158
operations,.——-!^
Other Income:
1943
$38,365,127 $34,106,874 $31,394,281
:}■ general expenses——
Profit
„.•+*••-'
1944
Yotk
manpower,
■
•Net
359
the immediate
future seem to be limited
only by present facilities,
and ability to secure raw material
and components.
Based
upon results of detailed market
surveys conducted over the
past few
years, the long range potential for
refrigeration and air conditioning
>; is promising. '
'^A'
■
legisla¬
consists of two houses—a
Senate elected every four
years
and a House of
Representatives
elected
every
two years.
The
delegate to the Congress of the
United States is elected for a twoyear term and has floor
privileges
*' in the House but
no
vote.
•
■•;.
;
/■/;,;/;.
■
;;,
-V
/
,
'-
■
'
-.■:
»
.
■*''
v
.
••
''
'
:
S60
Cottonseed Receipts to
On
Dec.
the
19
Bureau
"';; 'f.
r»*TTT
THE COMMERCIAL &.FINANCIAL CHRONICLE
foliowing
the
Foreign Fund
Control Regulations
state¬
ment
showing cottonseed received, crushed and on hand, and cotton¬
seed products manufactured, shipped out, on hand and exported for
A
/.-
Treasury licenses without having
Relax
November 30
issued
Census
of
t
yj/'Jr U.'.*:;"' "■'
'**•*''■' V: ■''& '•)} •«':
*
,
•V'%?:,'^\''Jvv>\rn:k^r'i,V^
/"
.;;/
'
1
,
.
:
to effect such transactions in any
prescribed manner.: /1 f.../
/
/
Most of the restrictions imposed
securities by the freezing Or¬
on
sweeping
relaxation of the
control was announced
removed
der
are
the
licensed
with
Monday; January 21, 1946
Stabilization Bill, particularly to
Congress providing a new and in¬
dependent fund of $150,000,000.
The Congress committee also rec¬
ommended and the Board of Gov¬
respect to
ernors
approved
opposition
to '
Section 8-C of the
proposed Bill
Secretary of the nationals. Securities are no
longer which contemplates an amendment
';
'yf:.
'Received at mills,Crushed
Stocks at mills,
Treasury Vinson. Under- General
subject to freezing controls merely to Section 603 of the "War Mobili¬
State—'
Aug. 1-Nov. 30
/■/■; Aug. 1-Nov. 30 '' -v.^r'Nov. 30 •
License No. 94 issued that day,
because they bear the stamp, of zation and
\:///^>V'-":' 1945-46 » 1944-45 !C 1945-46 ,1944-45
1945-46 ./ 1944-45 all
Reconversion Act of
countries
except
Portugal,
United States^l^i.
2,321,892 ; 3,328,567. " 1,481,402
1,593,926 1,058,838 ' i,852,897
any of the licensed countries. Se¬
1944" as this would eliminate
any p
Spain - Sweden,
Switzerland, curities accounts of
financial in¬ termination date of
Title V of that :
113,689
102,826
132,913
Alabama
224,005
239,465
131,735
Liechtenstein, Tangier and, ot stitutions
within
the
licensed
9,657
9,539
11,691
Arizona—24,912 v;
21.221V
15,750
course, Germany and Japan will
249,590
102,364
countries are no longer subject Act.^^^^'^;;
Arkansas™,
.& r 209,733 H* 390,719 ^ 153,695
150,929
In a letter to Senator
hereafter be treated in practically
24,162
California—
'—Murray
18.467' •: / 34,293
60,354
42,435
^
28,154
to General Ruling No. 17.; How¬
the Building Congress went on
all respects as non-blocked coun¬
133,925
'93,200
174,263
Georgia
:
230.702
288,336 <Y. 155,955
ever,
securities
imported
from to
53,570
17,323
83,766
Louisiana....
93,835
135.3614V 78,268
tries under the freezing Order.
say in part: "We believe that /
most foreign countries
363,491
222,539
256,465 f '
are
still the
Mississippi:
>v\ 437,544.
597,890
232,411
All
controls are removed over
President, either from infor-p
122,876
62,408
Worth Carolina
95,558 i
118,711
211,047 W
71,433
subject to General Ruling No. 5.
mation supplied by present Fed¬
current : transactions
74,846
with
the
35,229
Oklahoma
V
72,850
74,641
145,634
40,539
Tangier is not for the present eral
73,580
46,089
162,409
South Carolina
"/
132,825
170,317 ' • 91,248
countries covered by the new
agencies or by . committees <•••'•
177,534
Se*J- oii2, of the licensed countries, such as
63,593
118,350
Tennessee
157,678
286,107 / 108,275
eral license, said the Treasury ad¬
outlined in Section 5 of
380,252
346,281 / 252,223.
since the provisional international
Texas
>/'. 514.131 /' 694,887 V. 346,107
the proposed Stabilization '
vices, which stated that::4 Ameri¬
17,212
75,725
29,984
All other states
' 42.821
'
105,148
27,832
Bill, %
regime in Tangier has only re¬
cans may hereafter
♦Includes 992 tons destroyed during 1945-46.
could from time to time '
Does not include 219,340 and 118,256
engage in fi¬
makep
the
COTTONSEED
£..lL<
(TONS)
ON HAND
CRUSHED, AND
RECEIVED,
'
1944;::;^%^.'w*'//•:
monty ended Nov. 30, 1945 and
freezing
Dec.
on
7
countries
and
.
their
by
■
,
-
....
.
;
'■
.
___
.
•
_
-
•
tone
hand Aug.
on
reshipped
1, 1945 and 1944, respectively, nor 22,412 and 34,507 tons
the seasons
during
,
—.
and 1944-45.
1945-46
COTTONSEED
PRODUCTS
PRODUCED,
SHIPPED
Stocks
at
beginning
of Season
Season
Products—
1944-45
29,759
1944-45 '
(thousand pounds) _i
;
(tons)
dulls.
"
;A,;;
239,934
1945-46
j
--.i-.../—
1945-46
i"
,
1
1945-46
1944-45
bales)-
(running
1945-46
dull fiber
■
...
1944-45
(800-lb. balesl
,v*i
v.
■
1945-46
(600-lb. bales).—J
1944-45
476
,
$109,820
' % 126,074
654,920
.
•
i
331,674
17,361
66,973
50,963
356,794
407,924
V- 116,610
ttl07,584
6,521
/,l 8,991
;
.'10,165
:
9,798
.
52,741
74,347
:
680,600
344,439
.
•
7,643
,
••v;2,451/V
10,025 / |
.
426,430 1'
;
462,614
,
^23
.
Grabbots, motes, Jkc.)
i
655,403
14,793
18,576
61,920
..
422,982 1 "
226,745
726,897
349,715
367,844
**445,802
61,697
1944-45
(tons)
Cinters
Nov. 30
Aug. 1-Nov. 30
354,984
: :
28.050
v
Shipped
-•
Stocks
§366,584
S
-
'• f"
-
U 305,238
52,258
1944-45
"
>«
$275,625
1945-46
produced
Aug. 1-Nov. 30
,460,323
;•
485,625 ,-.ff
.
*55,121
o
Cake and meal
Aug. 1
1945-46
I
(thousand pounds)-)
ftefined oil
:V/'/;.l
Crude oil
v
;
•
1,445
1,283.
9,647
12,887'
i
;
-
.
16,367
13,505.
•'Includes 11,323,000 pounds at oil mills, 37,297,000 pounds At refining and manu¬
facturing establishments, and 6,501,000 pounds in transit. <
^ "*•
•> - •
/
tIncludes 48,664,000 pounds at oil mills, 40,384,000 pounds at refining and manu¬
facturing establishments, and 20,772,000 pounds in transit.
1 -
•
v.
^Includes
pounds at refining and manufacturing establishments,' and
18,034,000 pounds held elsewhere and in transit.
<
1
4.
'
i
5
*
SProduced from 400,066,000 pounds of crude oil.
^Includes 295,911,000 pounds at refining and manufacturing establishments, and
5),327,000 pounds held elsewhere and in transit/^^ 1 v
'
/ . v . ;
/
"Includes 109,199 bales frist
cut,/288,511 bales second cut and 48,092 bales
tnill runV
■:.:/.v:.yO
;/v
257,591,000
,
■
i
p
M
,
^
'
.
and
U"
/
accounts
The Census report issued hit Dec. 20, compiled from1 the individ¬
cotton ginned from the growth of 1945 prior to Dec. 13, 1945, and
comparative statistics to the corresponding date in 1944 and 19.43: ^
i.; ./•■/r'-/V'
running bales
: >;
(Counting round; as, half bales and excluding llnters)
-
State—r
United
1945,.
—■'
States
V
r
V; >7,733,761
Alabama
/
956 637
927,313
76,821
California—
-71, 250
78,409
1,208 ,500
1,060,816
157, 373
233,110
—
252,066
'
■
10. 087
6,077 '
Georgia > —.--j.
Illinois-..
10,725
;i 577. 365
1,347,567
1,735 781
705,051
1,763,233
113,060
366 366
ik 280,040
87,490
384,168
78 781
83,845
639 051
598,369
257.673
V
——
484 143
600,283
332,846
784 498
MissourJL-V-//^i:riii/
—
Carolina,
*
-.
l—
Carolina
r
-.
Tennessee
i
Texas
•Includes
132,737
the
'
<
i
bales
of the
crop
the 6easou of
bales of the crops of 1944 and 1943.
supply for
■
18,462
of • 1945 ginned prior to Aug. 1 which was
1944-45, compared with 48,182 and 107,053
'
%
.
The statistics in this report ; include 3,461 bales of AmericanEgyptian for 1945, 5,711 for 1944, and 44,750 for 1943; also included
sre four bales of Sea-island for' 1945, 14 for 1944; and 310 for 1943.
The ginning of round bales has been-discontinued since 1941. *
The statistics for 1945 in this report are subject to revision when
checked against the individual returns of the ginners being trans¬
mitted by mail. The revised total of cotton ginned this season prior
to Dec. 1 is 7,387,181 bales.
«m
,
•
v .'v/v
»
with
Retail Prices Remain
Unchanged According
To Fairchild Index
|i
a
year ago,
aggregating' 0.1 %,
they show a gain of
27.7% as compared with 1939-40
low point. This index also shows
a gain of 63.5% as compared with
However,
.
the depression low on
May 1,1933.
,1:
The advices also state::,.
announce-
made available to other countries
until
they
have taken effective
search out, immobilize,
control
all
enemy .assets
action to
and
within their
jurisdiction, and until
satisfactory
a
reached
solution has been
concerning the disposi¬
rently investigating problems re¬
lating to the control and disposi¬
tion of enemy interests.
The
effective
date
of
General
License No.194, it is pointed out,
Dec. 7, 1945; except that for
is
France and
Belgium it is, respec¬
Oct. 5 and Nov. 20, the
tively,
dateS.
which
on
the
Belgian defrosting
;
French
licenses
and
were
issued.
Treasury
licensed
of
fect
for
countries
the
ef¬
being in order
camouflaged enemy,
not
are
in
time
to ensure that
assets
remain
released.
General
licenses have already been issued
to France and Belgium
which
provide
for
French
and
of
blocked
the
certification
by
authoi ities
Belgian
property
after their
investigation has shown that the
property is actually: French or
Belgian owned. Property so cer¬
tified
is
no
longer
regarded as
property.
Negotiations
similar to those which preceded
the issuance of the general license
to France and Belgium are*under
way
with other liberated coun¬
blocked
tries.
will
It is expected
that licenses
shortly be issued to provide
the
their
certification
property.
ian; -Bylgarian;
and
release
Blocked
Ital¬
Hungarian
and
Rumanian property is in a
sepa¬
rate category because of the dec¬
laration of > war by the United
States against those countries.
The
Secretary emphasized that
the
general license issued today
permits the immediate resumption
of normal financial and
cial
relations
countries
so
regulations
States
with
far
are
commer¬
the
licensed
the
as
freezine
concerned. United
banking facilities
be
used to finance all transactions
between the licensed countries
and between these countries and
any
non-blocked
nancial
may
countries.;
instruments
and
Fi¬
docu¬
ments, currency/ and securities,
and instructions
relating to prop¬
erty interests may be sent to the
licensed
countries.
Persons / in
those countries may
buy and sell
dollar exchange and
exchange of
regarding the desirability of: iri~ creasing < or -decreasing
Public
Works
expenditures.
be most
petition
when
Building Congress
Group Approves
Objectives of
for
these
York
/
Building
of
United
in
States
ator James E.
Senate
on
in
stimulating
public works when these
essary to provide
J.
special
the
the
or
are nec¬
employment for
industry,"
committee
V
of
the
Brennan,
Secretary,
Building
Council;
Acting Manager,
Fidelity and Surety Department,
Association
of
Casualty
an d
Surety Executives; ; William L»
Crow, President, William L. Crow
Construction Co.; W, Frank Fitzand Construction Trades
David Q. Cohen,
Congress, has
approved the general objectives
of the proposed Construction Sta¬
bilization Act; of 1945 (S-1449) in¬
troduced
>
required by pri¬
vate construction
special
com¬
materials
sig, Vice-President of Raymond
Concrete Pile Co.
Chairman; John
Congress,
a
and
men
are
and made recommendations on the
bili was composed of: J. W. Taus¬
The Board of Governors of the
recommendation of
would
Building Congress which studied
Construction Act
New
This
helpful in avoiding
the construction
committee
officials
explained
over existing blocked
persons
within; the
recommendations to both Federal/
and local Public Works
agencies
The
upon
tion of these enemy assets.
of
470,415
.2,620,417
22 976
The
tne
freea
Treasury action did not
change the status under the freez¬
ing Order of Portugal, Spain,
Switzerland, Sweden and Liech¬
tenstein.
These, countries cannot
be accorded the privileges being
for
492, 335
not
cur¬
The
361,472
685,319
:
2,156 .891
1,678,621
———12,742
Virginia "
in
1,958
'
10. 453
366,599
New Mexico
Oklahoma
14,112
838,687
2, 947
;
4,368
..
Louisiana
Mississippi
569
;
/
776. 962
619.672
vV'
—
Kentucky——
counted
10,770,709
733.066
-—
Florida
♦South
1943
10,5^2,396
879,030
Arizona
Arkansas
Worth
1944
<
within
>
are
ment from the Treasury Depart¬
ment added:
accounts
Crop Prior to Dec. 13
persons
countries
by, this license."
—U
'
of
licensed
run.
ual returns of the ginners, shows ar follows the number of bales of
V t;
transac¬
sphere. However, existing blocked
that controls
©often Ginned from 1945
commercial
in Great Britain, Canada, or other
countries of the Western Hemi¬
,
tflncludes 36,186 bales first cut, 63,117 bales second cut, and 8,281 bales mill
.1
nancial
tions with persons in these coun¬
tries as freely as with persons
STOCKS
AND
OUT,
cently been established and is
of
the
Oct^. 2, by Sen¬
Murray/ The Build¬
ing-Congress,
Gerald; Emigrant Industrial
Sav¬
ings Bank; Charles Haines of the
architectural firm of
Voorhees,
Walker, Foley & Smith; A. E. McKenzie, District Manager, DetroitSteel Products
Co.; and Sidney
however/ is defi¬ 'L.'Btrau$$P;/v:'/-^
nitely opposed to passage of the
bill,; which has been ^referred to
the Committee
Labor,
on
Education
and
how written./ Under
date of Dec, 7 the
Building Con¬
gress
as
said:
The: general objectives of the
bill as understood by the Building
Orders Commerce
Bureau Reorganized
of
A reorganization of the Bureau
Foreign and Domestic Com¬
Congress are for; the purpose of merce designed to* better
equip
stabilizing the construction indus¬ that agency to deal with
problems
try by advance planning of public of postwar reconversion
and to
works
so as
to reduce the violence
of seasonal and
long-term fluctu¬
ations in the volume of
new con¬
struction in the United States. The
Building Congress approved Section 5 of the measure which calls
for
the
Works
setting
up
of
Stabilization
a
*
aid in achievement of
high levels
of production and
employment was
ordered on Dec. 21 by
Henry A.
Wallace, Secretary of Commerce.
By this action Secretary Wallace
separated the foreign trade promo¬
public tion functions from those
activities
Committee
of
the Bureau
pertaining to the de¬
velopment of Domestic Commerce
visory Committee.
The Public and
provided a mechanism for in¬
Works
Stabilization
Committee, creased attention
to the problems
through the Construction Industry of small
business.
The Depart¬
Advisory Committee and by other ment of
Commerce in making this
appropriate means, is to secure
known, further said:
the cooperation of private indus¬
This new realignment is
design¬
try in adjusting and harmonizing
ed chiefly to assist administrative
Federad, State and local govern¬
and
a
Construction Industry Ad¬
ment
public works programs and
private construction. The Building
Congress committee believes the
direction of
tion
a
larger trade
promo¬
program
previously
an¬
nounced, the * Commerce Depart¬
ment reported.
deliberations of these committees
should be most helpful in bring¬
/Under the new plan of organ¬
enable
ization the Bureau will consist of
an Office of International
Trade,
Office of Domestic
Commerce, Of¬
fice of Small
Business, Office of
them to function and demonstrate
Business Economics, and Office of
ing about the desired results but
appropria¬
tion to finance the expenses of
it is felt that a modest
these
committees
would
Field Operations.
ty>
'
* '
V It is the belief of the Building
The order also consolidated
changes since the outbreak of the
the/
the Fairchild Publications' Retail war. The greatest gains were re¬
Congress that the assembly of in¬ field service offices of the Bureau
Price Index issued on Dec.: 17. corded in piece goods, domestics,
formation called for in the bill to of Foreign
and Domestic Com¬
the
countries
may J be
freely
This Index, which includes im¬ women's apparel, and home fur¬
aid iii the stabilization of the con¬ merce and the Office of Interna¬
dealt in by persons in the
United
struction industry throughout the tional Trade Operations within the
portant staple items sold in gen¬ nishings, Undoubtedly, if it were States. No
limitations remain on
eral merchandise outlets, has re¬ possible
to./include changes in the amount of
country can be
advantageously Office of Field Operations.
money that may be
mained
quality, the gains would be still
unchanged
for several
performed by the Federal Govern¬
An order issued earlier
remitted to the licensed countries
provides
greater. With higher labor costs
ment but that it can and should for
jr months. In fact it has shown only
the transfer of the Technical
in the offing and with OPA al¬ nor on the purposes or method of be done
a fractional change in the past 12
by some presently estab¬ Industrial
Intelligence Branch of
months, said the advices from the lowing for this, prospects are for the. remittances. In addition/to lished-agency rather than by a the Office of
International Trade
Fairchild
Publications, which still further gains in retail prices having the unrestricted use of all new Board. The committee goes Operations, to the Office of the
on to say "the planning of public
during 1946. The extent of the
further stated:
.' v
v,
Declassification
dollar assets hereafter
and
Technical
accruing, construction, other than Federal,
advance will depend on the final
Services. This unit will
While the composite index and
cooperate
persons in the licensed countries is
; y '
primarily the function of State, with appropriate
the major subdivisions remain un¬ disposition of OPA.
military agen¬
also
use
their ."presently County or
Municipal organiza¬
According to ;A. W. Zelomek, may
changed, there have been small
cies in collecting,
There
change in retail
prices during November based on
was
no
There have been
some
marked
their effectiveness.
/ .I/../-:
....
/.
.
,
..
,
fluctuations in
several
commodities.
These
.
-
of
the
include
sheets, blankets and comfortables,
aprons and house dresses, corsets,
and furs.
Prices showed only a
fractional increase as compared
economist
vision
the
wholesale
average
under
,
whose
index
prices
about
.
is
in
super¬
compiled,
1946
should
6;/Jto 7% higher.
If all controls
were
Removed how-
J'v.-' -'t-W
"',r''
blocked accounts for
any purposes
authorized
under
outstanding
ever, the advance would be still
greater. Retail prices will reflect
these advances.
->
tions
and
while
over-all
screening,
advice
ap¬
agencies is highly praising and disseminating to the
lesirable. we are ooposed to any public technical and
scientific in¬
control by the Federal Govern¬
dustrial intelligence obtained from
ment of such local planning."
enemy and ex-enemy
The BuBdini? Conprrws i* op¬
countries, it
posed to Sections, 6 and 8 of the was announced,../
from
Federal
.
~
'
yolume 163
:
Number 4457
^
: v:;^
^
THE COMMERCIAL & FINANCIAL CHRONICLE
:
State and
!
■
361
City Department
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
'<cVVi\$?<:'f*'
5
'' "
lows: $100,000 in 1946, and $125,000 in 1947 to 1976. Rate of inter¬
A''V.
••
^Birmingham, Ala.
v
"
1
1
<
p; Bonds To Be Offered—The fol¬
lowing bonds amounting to $4,120,000
will
be
offered
about March 1'2:
for
sale
\
-
$3,120,000 school bonds.
1
1,000,000 highway bonds.
•
.
Sale
our
issue of Jan.
14, on page 235, we
reported the award on Jan. 8 of
$175,000, water works refunding
bonds to Crumpton & Co., of Bir¬
mingham, and Westheimer & Co.,
Cincinnati, jointly, on a net in¬
terest
cost
bid
of
1.138%.'
We
been informed that the
have
suc¬
cessful
bid
of
cost
1.385%
Reusch &
also.
a
based
was
and
a
that
of
the
net
Fox,
Co., of Cincinnati,
member
:
on
was
account
that purchased the bonds.
irrespective of maturities.
Principal and interest payable at
the City' Treasurer's office or at
the
fiscal
York
The is¬
held
of the
City.
authorized
Nov.
on
are
the
at
20,
1945.
/deducting
the
premium
$235,000
,/
'
are
general
obligations
.,
of
thereon upon all property within
the City subject to taxation by
;
said City
(except certain intang¬
ible personal property, which is
taxable at limited rates) without
limitation
of rate or amount.
In
the event that prior to the delivv
of the bonds; the income re¬
< by
private holders from
ery
bonds of the
Tax
type and char¬
same
any;
Federal Income
Laws, either by the terms of
by ruling of
or
The
public
works and
proposal would be
a
spe¬
election.
ARKANSAS
Little Rock Street Imp.
No. 378; Ark.
Bond
has
been
drawn
by lot for reApril 1; at par and
on
accrued unpaid interest, bond No.
35, in the principal sum of $450.
The bond so called for payment
and redemption will be paid at
the ' office of the Union National
Bank, Little Rock, on or after
date called, together with the in-
f terest coupons appurtenant there¬
to maturing on April 1,. 1946, and
subsequent
thereto.?
said bond shall
Interest
cease
on
or
on
after,
that date.
Poinsett .County
(P. O,? Harris*
"
burg), Ark.
,
':"-
*
Bonds and Certificates Called—-
Renewal
funding bonds, Nos. 44
332, and certificates of indebt¬
edness, Nos. 19 to 32, dated March
1, 1938, have been called ior re¬
demption on March 1 next at the
to
Continental Illinois National Bank
& Trust
Co., Chicago.
Los
i
-
.
Bond Sale — The school bonds
amounting to $300,000 and offered
•fv
for sale
on
to 'the
Harris
Jan. 15
were
Trust
awarded
&
Savings
Bank, of Chicago, and the South¬
ern; County Bank, of El Monte,
jointly, as l%s, at. a price of 101.039,- a basis of-about 1.118%,
Dated Jan. 1, 1946. Denomination
$1,000. These bonds are due on
Jan. 1, as follows: $15,000 in 1948,.
$20,000 in 1949 to 1951, and $25,000
in
1952
to
highest bidder
1960.
The
next
Halsey, Stuart
& Co., C. P. Childs &
Co., and
Thomas Kemp & Co., jointly, for
114s, at a price of 100.182.
;,
;\
.
Richmond, Cal.
Offering—C.
A.
■
Bond
ford,
was
City
Clerk,
Pitch-
will
receive
sealed bids until 11
Jan.
22
center
for
of
the
a.m. (PST) on
purchase of civic
1945-coupon or regis¬
amounting to $3,850,-
tered bonds
000,not
Dated
tion
exceeding
Dec.
$1,000.
15,
1945.
5%
Denomina¬
bid,
made
as
fol¬
and
the
on
the
specified in
will
award
basis
of
the
computed
between
aforesaid
y
according
be
lowest
the
pur¬
j;-
date of delivery.
cil
The City Coun¬
the
reserves
right, in its dis¬
cretion, to reject any and all bids
and to waive any irregularity or
informality in any bid. The City
Council will take action awarding
the bonds or rejecting all bids not
,
.
*
later
than/: Jan.
said
bonds
successful
31.
will
Delivery
be
made
of
the
to
bidder at the office
:
v.
•.
000
in
194T to
bonds
be
prepared which, it
estimated, will be .about April
1, 1946.
The successful bidder
1959, and $1,-
can
000 in I960.
Denomination $1,000. The bonds
will be sold for cash only and at
shall
have
tion,
to
not less than par and accrued in¬
purchase if the City shall fail to
tender the bonds for delivery on
to
terest
the
date
of
delivery.
Each bid must state that the bid¬
or
der offers par and accrued inter¬
such
est
the
to
date/ of delivery, and
the*
right, at his
cancel
before
the
April
successful
shall be entitled to
state
office.
ders
Chairman, Board of Spervisors.
bidder
the return of
deposit accompanying his
bid will be returned.
The
bonds
The approv¬
will be
Enclose
mined by
deducting the amount of
the premium bid (if any) from
the total amount of interest which
the City would be required to pay
from April 1, 1946, to the- re¬
spective
rate
coupon
the
maturity
bid,
made
or
dates at the
rates specified in
,
and the
award
will
be
the basis of the lowest
on
net interest cost to the
lowest; net
City.
The
interest cost shall be
computed
between
the
dates
aforesaid S. according to standard
bond interest f tables* ^The ' pur¬
chaser must pay accrued interest
from the date of the bonds to the
date
of
delivery.
Richmond
its
The
City, of
right, in
the
reserves
discretion, to reject
i and
any
all bids and to waive any
irregu¬
larity or informality in any bid.
The City Council will take action
awarding the bonds or rejecting
bids
not
later
than
Jam
23,
Delivery of said bonds will
be* made- to the" successful bidder
at the office of the City Treasurer
as
soon
as
the bonds
can
be pre¬
pared which, it is estimated, will
be about April 1, 1946. The suc¬
cessful
bidder
shall
have I; the
right, at his option, to cancel the
contract
of
purchase
if
shall fail to tender the
the
City
bonds for
delivery on or before April 15,
1946, and in such event the suc¬
cessful bidder shall be entitled to
the return of the deposit, accom¬
panying his bid.
The
cost
of
printing the bonds will be borne
by the/ City. / Bidders are re¬
certified check
a
for not less than 5% of the bonds
requested (but not re¬
quired) to supply an estimate of
bid for each
the
awarded to
highest and best bidder con¬
sidering the interest rate specified
and the premium offered, if any.
The highest bid ■» will
be deter¬
(but
not
required)
supply an estimate
net interest cost to
of
the
the
to
total
/
"
£
San
Leandro,
City
on
the basis of their respective
bids,
shall be considered as in¬
formative only and not binding on
either the bidder or the
City." All
be
must
be
unconditional
and
accompanied
by
a ' certified
$5,000, ^payable to the
City Treasurer.
vk
check
for
Riverside County Sch. Dists. (P. O.
Bond
gnat,
Offering—G.
County Clerk,
A.
>
;
are
v
Clerk) will
receive
,
net
total
City
on
interest
to
cost
Pittsburgh
binding
Bonds
Day, Stoddard & Williams-100.440
Estabrook & Co., and
Putnam & Co.,
jointly —100.390'
*Barr Bros. & Co.
♦Bankers Trust
;—100.39
'■ v4
New York ———100.389'
'
Co.,
Smith, Barney & Co.——100.219'
Charles W. Scranton & Co._100.2I
♦Halsey, Stuart & Co
—100.209'
National Bronx Bank,
New York
—100.201
—
First National
Bank,
Boston
^
------100.13
R. L. Day & Co.——
.100.059
!'Received too late for
tion.
<:
■£:/
.
considera-
■
Z:;'
•.
Hilll FLORIDA
Frostproof, Fla.
Refunding Bonds Purchased1—
In
with
connection
tenders
Jan.
on
7
the
of
for
call
refunding'
of
bonds
1944, it has been an¬
$1,900 bonds were
purchased by the Town at a price
nounced
of
that
and
82
accrued
$4,100 bonds at
"•
interest, and
price of 85 and
A
Safety Harbor,
Tenders
Clerk
receive
and
sealed
-
Fla.
Wanted—A.
City
cock,
will
a
interest.
accrued
the basis of their respec¬
bids, which shall be consid¬
ered as informative only and not
■
100.057
—;
For .90%
; "
the
tive
'
Bond Offeting—H. H. Burbank,
City.
'
V.
Han¬
Manager,
until
tenders
either: the bidder or 8 p.m. on Feb. 18 for the pur ¬
the City. All bids must be uncon¬ chase of the above City's refund¬
ditional and be accompanied by .a ing bonds.
Dated Jan. 1, 1938.
certified check for $5,000, payable These bonds are due on Jan.
1,
to the City Treasurer,
1978.
Funds amounting to ap¬
>
sealed
bids until 11 a.m.
(PST) on Jan.
purchase of municipal
improvement? of 1945, coupon or
registered bonds amounting
to
$575,000, not exceeding 5% inter¬
est. Dated Dec. 15, 1945. Denom¬
ination $1,000.
These bonds are
30 for the
on
,
k
proximately $8,000
CONNECTICUT
for
are
available
the
purchase of bonds, and
only tenders of less than par and
■
^
Bridgeport, Conn.
accrued interest will be consid¬
Bond Sale—The $500,000 trunk
due $5,000 June and $10,000 Dec.
ered. As many bonds as funds on
15, 1946, $15,000 June 15, 1947, sewer and disposal plant bonds
hand will permit will be pur¬
$20,000 June 15, 1948 to 1953, and offered for sale on'Dec. 17—v. 163,
chased at
the
lowest price or
$25,000 June 15, 1954 to 1970. p. 236—were awarded to LObdell
prices offered.
Rate of interest to be in multiples &* Co., of New York, as 0.80s, at
of 34 of I%. Bidders will be per? a price of 100.239, a basis of about
Surfside, Fla.
De¬
mitted to split rates irrespective, 0,772%. Dated Jan. 15, 1946.
Bonds Defeated—The following
These . bonds bonds
of / maturities: Principal and in¬ nomination $1,000.
amounting to $550,000 were
terest payable at the City Treas¬ are due $25,000 on Jan. 15,, 1947
defeated at the election, held on
urer's office/ These /are the/ bonds to 1966. Among other bids were Jan. 8:
r
/ %
authorized at the election held on the following:;
;
$65,000 storm sewer construction.
Nov. 20, 1945. These bonds are
v Bidder
Price Bid
bonds.
;■
'
1
For .80% Bonds :
general obligations of the i City,
465,000 sanitary sewer construct
and the City Council therefor has
tion bonds.
Halsey, Stuart & Co., and*
/
Blair & Co., Inc., jointly--100.054
power and is obligated to levy ad
valorem taxes for the payment of
ILLINOIS
For 7/s% Bonds
said bonds and the interest there¬
Gruntal & Co., and
Adams County (P. O. Quincy)* III*
on
upon all property within the
Hallgarten & Co., jointly--100.149
Bond/Offeririg—Arthur B'/
City subject to taxation by said
For .90% Bonds
Witte, County Clerk, will receive •
City J (except certain intangible
Chemical Bank & Trust Co.,
sealed bids until 10 A.M. on Jan.
'
personal property, which is tax¬
*; New
York,
; 28 for the purchase of $1,050,009;
able
at ; limited
rates)
without
court house and jail bonds, not:
Kean, Taylor & Co., and
limitation of rate or amount.
In
Equitable Securities Corp.,
exceeding \xk% interest.'
:"- ' '"
the event that prior to the de¬
,—100.635 r - Dated Oct. 1, 1945. Denomina- livery of the bonds the income re¬ v] jointly
tion $1,000. Due Oct, 1, as follows: /
.
rV
ceived by private holders/from Coffin & Burr, and
$45,000 in 1946 and 1947, $50,009« ;
White, Weld & Co.,
bonds of the same type and char¬
[ jointly --—
—_100.567 in 1948 and 1949, $55,000 in 1959- y
acter shall be declared to be tax¬
to 1952, $60,000 in 1953 to 1958,
able under any Federal Income Harris Trust & Savings
$65,000 in 1959 to 1961, and 70,009'v
! Bank, Chicago, and
Tax laws, either by the terms of
in 1962 and 1963. Rate of interest-;
such laws, or by ruling of a Fed¬ Northern Trust •Co.,
;;y->;
to be in multiples of V4 or one- ;,
eral Income Tax
[ Chicago, jointly —-—-100.45
Authority or of¬
tenth of 1%. Split rate bids may;&
ficial which
:
-
,
v
.
-
.
,
.
•
:
,
is
Bureau
of
followed
Internal
by
the
Revenue,;
Kidder, Peabody 8c Co., \
and
*
R. W. Pressprich & Co,,
or
.jointly r
Barr Bros. &
C.
awarded
Peque- rates
specified
and
the
pre¬
will receive mium offered, if any. ■'.* The high¬
J
•
—100.27 i,
Co.M]V;M
Union Bank,
Sherwood &
the
/
r
J.
4
^
(
-T
•,
List
of
coinolete
•
of
the
than one
rate
maturity. Principal
payable at such bank
or
trust company in Chicago, a^*
may be mutually agreed upon by
and between the purchaser and
the Board of Supervisors.
Said
bonds will be payable to bearer,
but subject to registration as to
principal only in the name of the
holder in the office of the County
for
one
any
obligations of the
County, payable from an ad va¬
i't~;
Bids—Following
list
more
faith and credit
Co., jointly.—100.22
'
/-■•••'
:
no
Treasurer. Said bonds will be full
t
lorem tax of 14 cents
New Britain, Conn. '
1
be
and interest
\
Nashville,, and
to
highest
and
best
bidder
considering the interest rate or
shall
Co., jointly--100.429
Childs &
F.
Commerce
;
rates will be considered and therc
,
----100.449
First Boston Corp.
.
be
,
-—-100.399
jointly
ing opinion of Orrick, Dahlquist,
Neff, Brown & Herrington, of San
Francisco, will be furnished the
purchaser without charge.
/
will
-
.
Smith, Barney & Co., and
Charles W. Scranton & Co.,;v.>v:>/:;.
the deposit accompanying his
The approv¬
bid will be returned.
bonds
*
Estabrook & Co.,
>
Putnam & Co.. and
by the City, be relieved of
his obligation under the contract
to purchase the bonds and in such
case
/
be named but not more than two
,
:
r
by decision of any Federal Court,
the successful bidder
may,, at his
option, prior to the tender of said
The
Riverside), Calif.
Calif.
bonds
which
bids
.
'
issue, payable to the
;
quested
deposit accompanying his bid.
The cost of printing the bonds
will be borne by the City.
Bid¬
Price Bid
.
-
of
1946, and in
15,
the
event
op¬
contract
:
.80% Bonds
White, Weld & Co
—100.07
Harris Trust & Savings
Bank, Chicago
100.06t)'
Hallgarten & Co.
100.G64f
Mellon Securities Corp.,
is
,
Lee
For
of
the City Treasurer as soon as the
awarded
bonds
sewer
to
Bidder
dates
chaser must pay accrued interest
from the date of the bonds to the
3
Higginson Corp.,
Boston, as 0.80s, at a price o:£
100.077, a basis of about 0.78%.—
v. 163, p. 115:
;•••'
■■■;•-
standard
to
interest ; tables. ' The
bond
$100,000
Jan.
re¬
the
net interest cost to the City. The
lowest.net interest cost shall be
ing Opinion of Orrick, Dahlquist,
Neff, Brown & Herrington, of San
Francisco, will be furnished the
the
case
interest.
Due June 15,
pay
the
1946.
Angeles.. County, El Monte '
Sch. Dist. (P. O; Los
.Angeles), Califi *
■
the
Union
'.v.
rate or rates
coupon
separately the premium, if
any. Principal and interest pay¬
able at / the County Treasurer's
all
CALIFORNIA
'/
March
1957 to 1966.
City,would be required to
April '1, 1946, to the
spective maturity dates at
Joint School Dis¬
bonds, not exceeding 5%
Dated Feb. 1, 1946.
Due Feb. 1, as follows: $3,000
in 1947 to 1956, and
$4,000 in
the
Redemption.-"-Bondhold¬
demption
to purchase the bonds and in such
Dist.
have been notified that thero
ers-
Dated
determined
be
the / amount
of
bid (if any) from
from
purchaser without charge.
The money would
Submitted to the voters at
cial
the
District
60,000 Midland School District
bonds, not exceeding 5% in-,
/v:; terest. ; Dated March 1, 1946.
Due March 1, as follows: $3,V
000 in 1949 to 1951, $4,000 in
1952 to 1956, $5,000 in 1957 to
1961, and $6,000 i» 1962.
/
27,000
Ferris / School
District
bonds, not exceeding 5% interest. Dated March
1, 1946.,
f Due March 1, as follows:,$2,-
Fed¬
a
14
schools.
School
will
v
.
undeic^
such laws
Indio
bid
the tot'al amount of interest which
interest.
Legislation
the taxpayers.
be «used for
on
trict
ad valorem taxes for the payment
of
said bonds
and
the
interest
Submitted— eral Income Tax Authority or of¬
legislation to permit ficial which is followed by the
| the city to issue not more than Bureau of Internal Revenue; - or
$7,500,000 in general obligation by decision of any Federal Court,
the successful bidder may, at his
; I bonds was submitted to Congress
by Delegate Bartlett The measure option, prior to the tender of said
I would permit the city to issue the bonds by the City, be relieved of
bonds upon approval of 51% of his obligation under the contract
Bond
m.
1, 1*946.
Due March 1, as follows:
$10,000 in 1948, $15,000 in 1949 to
1957, and $10,000 in 1958 to
1966.
• ■ v. •;
70,000
the City, and the Council thereof
has power and is obligated to levy
"
Oil Jan.
a.
bonds, not exceeding 5% interest.
.
bonds
able
Anchorage; Alaska
by
These
acter shall be declared to be tax¬
ALASKA-
est
the
1966
''
Jan.
election
ceived
inclusive.
10
purchase of the follow¬
ing school bonds amounting to
$392,000:
•
'
; *
.
•
- (
21 for the
City in
These
agency
is dated Jan. 1, 1946 and due
serially on Jan. 1 from 1949 to
sue
sealed bids until
rates
bonds
Correction^—In
multiples of *4 of 1%.
Bidders will be permitted to split
New
Tuscaloosa, Ala.
Bond
est to be in
is
bid3 for
a
the
thereof
parh
as
onp
may
or
so
much
be-necessary
hundred
dollars
of
on
as-
5:
;; ;
Bond
erty in the County for each of the
000
1945 to 1962, inclusive, said
years
No. 103, III.
Details—The $190,-
Roxana Sch. Dist.
prop-*
of taxable
sessed valuation
Sale
construction bonds awarded
Dec. 20 to the Municipal Bond
tax.
on
to and in excess of all other taxes
of Alton, as 1.30s—v. 162,
p. 3243—were sold at a price of
100.028, and are dated Dec. 15,
1945. These bonds mature on Dec.
levied by said
permitted to be
County within the
constitutional limitation of 75 cents
15, as follows: $6,000 in 1947,
$7,000 in 1948, $8,000 in 1949, $9,000 in 1950, $10,000 in 1951
to
per one hundred dollars valuation
of taxable property in the County.
Net income basis of
having been approved by a
majority of the voters voting on
the question at an election and is
to be levied annually in addition
authorized
Corp.,
or
1960, and $15,000 in 1961
No bids will be considered offer¬
the rate
at
$1,200,000 will be submitted to the
voters at the election to be held
on
Indiana
rates named .over
ing
any,
islation—At
therefrom the premium, if
specified in the bid to de¬
termine
the
net
the County. The County
will fur¬
nish the printed bonds and the ap¬
proving opinion of Chapman &
Cutler, of Chicago. Enclose a cer¬
tified check for $10,000, payable to
the County Treasurer.
(State of)
a
meeting in Indian¬
make it
amendments in order to
possible for local units to fulfill
the potential objectives. T Among
the impediments. cited is the lack
of specific authority for munici¬
Bloomington and Normal Sanitary
pal bodies to issue bonds for avia¬
Dist. (P. O. Bloomington), lit.
Bonds Purchased—An
development. purposes and
the fact: that a considerable num¬
ber of communities have already
exhausted their legal- borrowing
tion
issue; of
1 %%> semi-annual,
sewer bonds amounting to. $680,000 was purchased recently by
iy2%
and
Barcus, Kindred & Co., of Chi¬
cago. Dated May .1, 1945.'^Legal¬
ity
approved
by
Charles
&
Trauernicht, of St. Louis.
.
Braceville Township (P. O. Braceville), III.
Bonds Voted—An issue of
$15,-
000 road
imprpvement bonds was
favorably voted at the election
held on Dec. 18, 1945.
Chatsworth
Township
:
High
Sch.
O. Chats*
worth), III.
amounting
thorized
construction
Sold—The
Bonds
at
the
to
$95,000 "au¬
election
due serially on June
amounting to $75,000
port bonds
held bn
p.
on
will receive
until 2 P.M.
purchase of
$249,000 electric light and power
plant bonds.1 Dated Feb. 1, 1946.
Due Feb. 1, as follows: $7,000 in
1948, $8,000 in 1949 and 1950, $9,~
000 in 1951 and 1952, $10,000 in
1953 and 1954, $11,000 in 1955,
$12,000 in 1956, $13,000 in 1957,
$14,000 in 1958, $15,000' in 1959,
$16,000 in 1960, $17,000 in 1961,
and $18,000 in* 1962 to 1966. ' Said
bonds in the series falling due
City
Clerk,
First National Bank,
after Feb.
for
tional
taxation;Interest will
discount of 0.49 %. Dated
5,
a
Interest
A
000.
issue
of
First National
Bank,
*
>_»_-^-.-.-..»-0.50%
Maiden Trust Co.
0.504%
Maiden
„
National
Bank; Maiden -J0.512%
Middlesex County
are
1,
dated Feb.
•
1, 1947 to 1966.
Denomination $1,-
Feb.
F-A.
W\%
will
coupon
Paine, Webber, JacksOn &
Curtis, ■
A//'- A;
Kidder, Peabody & Co.,
Illinois
Bonds Voted—An issue of
•
way
was
highbonds amounting to $20,000
favorably voted at thq elec¬
tion held
on
Jan.
12.
;<
'
.:V. /
street
improvements bonds
was favorably voted at the elec¬
tion held on Dec. 18, 1945,
.
y=;
,
Toulon, III.
xv'
Estabrook & Co.,
J. P.
Bond Sale Details—The $26,500
on
of
be
finance
improvements
Morgan & Co., Inc.,
of
all
necessary
public
prop¬
Gas Tax Revenues On Uptrend
lows:
,
$18,000 sewage treatment plant
general obligation bonds, as
l%s, at
basis
of
a
price of
about
101.25,
1.58%.
a
Due
$1,000 Jan. 1, 1947 to 1964.
8,500
sewage
treatment
plant
revenue bonds, as 2 fe
at a
price of 100.94, a basis of
about 2.28%. Due Jan. 1, as
follows: $1,000 in 1947 to 1953,
|
K
'
and $1,500 in 1954.
.0.549%
to
$1,820,-
Other Bids—With reference
the sale on Jan. 3 of the
000
sinking
fund
refinancing
La.
Daigle, (Item No, 1) bonds to a syndicate
headed by Harriman Ripley &
Secretary of the Police Jury, will
receive sealed bids until 10 A.M. Co., Inc., as Is, at a price of
on
Feb. 13 for the purchase of 101.159, a basis of 0.76%, and the
sale of the $1,396,000 Metropoli$65,000 improvement bonds, not
tan Sewerage (Item No. 2) bonds
exceeding 5 % interest. Dated Feb.
to a syndicate headed by Phelps,
1,
1946.
Denomination
$1,000.
These bonds are due oh Feb. 1, Fenn & Co., of New York, as Is,
1947 to 1966. The approving opin¬ at a price of '102.13, a basis of
ion of Chapman & Cutler, of Chi¬ about 0.76%,—v. 163, p. 116—it
has been announced that the fol¬
cago^ will be furnished. The right
is reserved to fCjCct all bids and lowing bids Were'also submitted:
Bidder
Price Bid
to sell all or part of said bonds.
(P. O. Crowley),
Offering—J.
Bond
E.
,
Enclose
a
No. 1 Bonds
the
of
For
102.049
114s
For Item No.
Lehman Bros.,
2 Bonds
and
Associates,
For
—101.189
Is
& Co. Inc., and
Second National Bank,
; Boston, jointly,
J. P. Morgan
For
100.767
Is
MICHIGAN
BerkeleyMich.
Tenders Wanted—Viola E.
Toben, City Clerk, will receive;
sealed
tenders =until 7.30 P.M.
(EST) on Feb. 13 for the purchase
of 1944 certificates of indebted¬
Rayville), La.
ness, dated Oct. 1,1944v These cer-w
Offering —The Secretary tificates mature on Oct. 1, 1954.
Bond
•
Hemphill, Noyes & Co.,
Bacon, Stevenson & Co.,
Keam Taylor & Co.,
Eldredge & Co.,
W. E. Hutton & Co.,
Charles Clark & Co., and
D, A. PincuS & Co., jointly,
Parish
receive
sealed
School
bids
Board will
Feb. 5
until
of the following
bonds amounting to $170,000:.
<
for the purchase
$100,000
School
bonds.
District
No.
1
Ecorse
Township Sch, Dist. No. S
Mich,
A
Chester
B.
(P. O. Wyandotte),
Bond
Offering
—
Chormann, District Secretary, will
receive sealed bids1 until: 8 P.M. '
(EST) on Jan. 26 for the purchase
from.
gasoline
tax
70,000 School District No. 2 of $50,000 school bonds - not ex¬
collections, now averaging about
ceeding 3% interest.
A '
I bonds. v
,
.
$18,000,000 " annually, will show
Dated Jan. 1, 1946. Denomina¬
an
increase of $4,000,000 within St. Bernard Parish Sch. Dist, No. 1
Indianapolis, jointly.^_.101.15
tion $1,000. Due $10,000 -March lt
(P.O. Chalmette), La.,
the next four years, according to : :
Harriman Ripley & Co.,
1947 to 1951 ■; Rate of interest ••tothe State Revenue Department. f *Bond Offering Details-^lri con¬
Inc., and
be in multiples of 34 of 1 %. Prin¬
Revenues have -been running at nection with the offering on Jan.
F. S. Moseley & Co.,
cipal and interest payable at the
the rate
of
$1,500,000 monthly 16 of the $175^00 school bonds,
jointly
101.15
Detroit Trust Co., Detroit./. The
since the end of gasoline ration¬ not exceeding 4% inteerst—v. 162,
Mercantile-Commerce Bank
bonds shall be awarded to the
ing in mid-August. The previous p'. 2995 — it has now been an¬
& Trust Co., St. Louis,
bidder whose bid: produces the;
high
for
revenues v.from
this
and
nounced that these bonds mature lowest interest cost to the school
source
was
in
the
fiscal
year
Alex Brown & Sons,
' V ,* • A)
on
Feb. 1, as follows: $7,000 in district after deducting the ' pre¬
1941-1942, when the figure was
mium offered, if any.
In deter¬
jointly
....-.—^.-.101.146
1947 and 1948, $8,000 in 1949 to
$16,000,000.
•
',,r •
mining the net interest cost, in¬
Harris Trust & Savings A A
1955, $9,000 in 1956 to 1960, and terest on premium will not be
Louisville, Ky.
Bank, Chicago
.......101.03
Split in¬ considered as deductible and in¬
Utility
Purchase Plan Aban¬ $10,000 in 1961 to 1966.
Northern Trust Co.,
1
:
- \
If split terest on bonds will be computed
doned—Proposed purchase by the terest rates may be bid.
Chicago,
;
a
from Jan. 26, 1946, to the respec¬
city of the facilities of the Louis
interest rates, bidder will show
Braun, Bosworth & Co.,
tive maturity dates. No proposal
ville Gas & Electric Co. has been
Inc., and
;■ .'',/
AA>A:^
average interest rate.
Place of for less than all of the bonds will
abandoned, according to various
Indianapolis Bond & Share
f
be considered. The Board of Edu¬
indications, including reports of payment to be designated by the
Corp., Indianapolis,
cation is authorized and- reauired
bidder. *.:A;'.'■ AAA'A"
jointly
u„_wl00.77 lack of interest in the proposition
•—Revenues
Bank, A
Chicago, and
:
Fletcher Trust Co.,#
First National
-
,
,
recently to
-«>Negley, Jens & Rowe, and Barcus,
Kindred & Co., both of Chicago—
v. 163, p. 115—were sold as fol¬
sewage bonds awarded
—«
>»->„>0.556%
For Item
erty."
Co., jointly .'-101.18;
^A
Massachusetts (Common"
wealth of)
Acadia Parish Road Dist. No. 6
Jan. 9,; Governor Simeon
"to
>
Lehman Bros.,
a
bonds
> -
certified check for $1,-
permanent State Commission
with authority to issue revenue
jointly^»-101.21
> -
bepayable 300, payable to the Treasurer of
Willis recommended the creation
and
Bonds Voted—An issue of $11,-
000
ture
and
Barr Bros. &
Roberts, III.
v
A
•
(P. O. Beavercreek),
-
Boston
placed additionally on these bonds
during the first year.
>
Mills Twp.
Boston
First National Bank,
con¬
election.
Rate
Bidder
47, III.
Sold—An
as
Merchants National Bank,
Boston——>0.495%
the Police Jury.
and bonds redeemable at the of¬
Hughes & Co., of Indianapolis, as
fice of the City Treasurer.
En¬
Bossier Parish Sch. Dist. No. 13
Is, at a price of 10t.5425, a jpasis
close a certified check for 2% of
struction
bonds
amounting
to of about 0.831%. Dated; June 1,
(P. O. Benton), La.
the bonds bid for.
$250,000, authorized at the. election 1945. Denomination $1,000. These
Bond Sale Details—The $335,000
held on Nov. 20, 1945, has been bonds are due $25,000 on July 1 Greene
County (P. O. Jefferson), school bonds, awarded on Jan. 3
sold.
from 1946 to 1965, inclusive.
The
Iowa
tqKingsbury & AlviS* of New Or¬
next highest1 bidder was Halsey,
Bond Election Held—An issue
leans, at a net interest cost of
Deerfield Sch. Dist. No. 109, III.
Stuart & Co., and : Blair & Co., of hospital addition bonds amount¬
1.29%—v. 163, /p. 236-^were sold
Bonds Voted—An issue of $20,Inc., jointly, for Is, at a price of ing to $100,000 was considered by at a price of par, as follows: $53,000 land acquirement bonds was 101.538.
Other bidders for 1% the voters at an election on Jan. 000
maturing Feb. 1, $13,000 in
favorably voted at the election bonds were as follows:
15.
1947 to 1949, $14,000 in 1950, as
held on Dec. 15.
Bidder
Price Bid
2|4s and $282,0004vmaturihg: Feb.
Spencer, la.
Union Securities Corp.,
Bond Issuance. Approved —. An 1, $14,000 in 1951 and 1952, $15,Edgar County (P. O. Paris), III.
New York, and
000 in 1953 to 1955, $16,000 in 1956
issue
of
Bond Election—An issue of road
hospital
construction
to 1958, $17,000 in 1959, $18,000 in
Equitable Securities Corp.,
bonds amounting to $100,00Q will
improvement bonds amounting to :
jointly
..
101.39
1960, $19,000 in 1961, $20,000 in
be issued as a result of the elec¬
$600,000 will be submitted to the
1962, $21,000 in 1963 and 1964,
tion held on Jan. 9.
voters at the election to be held Blyth & Co., and
$22,000 in 1965, and $23,000 in
First of Michigan Corp.,
on Mar. 15.
1966, as ms. Dated Feb. 1, 1946.
KENTUCKY
jointly
___-._101.372
D»enomination $1,000. These bonds
Libertyvilte, III.
Shields & Co.,
Kentucky (State of)
are due from 1947 to 1966. InterBond Issue Approved—An issue Coffin & Burr, and
Revenue Bond Issue Authority
eat F-A.
of $50,000 fire station construction
City Securities Corp.,
Recommended—In his message to
bonds;. was approved at a recent
Indianapolis, jointly _i-«lQ1.33
the opening session of the Legisla¬ Richland Parish Sch. Diets. (P. O.
No.
Bonds
were
National Shawmut Bank,
bonds
Due
bidders
Other
1946.
follows:
bonds.
1946.
Jan. 17,
1946. These notes mature on Nov.
$105,000 airport bonds.
65,000 wharf bonds.
50,000 water works and electric
light bonds.
75,000 sewerage District No. 1
These
—
p. 237—were awarded to the Sec¬
ond National Bank of Boston, at aA
Commerce, John
of
A-'1"
,
notes
DUne, both of New Orleans, and
Felix M. Rives, of Shreveport, as
1
arid Is, at a price of 100.006:
general obligation of the City or
be enforceable in any manner by
Co., Glore, Forgan & Co., both of
Chi cago,
and Raffensperger,
Bank
^
.
Sale
The temporary
amounting to $750,000 and
offered for sale Jan. 17—v. 163,
.
The
to
a
syndicate composed
of M. A.
Saunders & Co:, of Memphis, Na¬
1, 1958, may be called
constitute
—
awarded
2995—were
p.
redemption in the reverse of
Said bonds shall not
Sale
H
•
,
Note
■
following
bonds amounting to $295,000 and
offered for sale on Jan. 7—v. 162,
the- numerical order of said
116 —were awarded to a syndi¬
composed of John Nuveen &
J \
id >\><
MaidenMass*
Abbeville, La.
■
Bond
0.535%
Attleboro
{
■
:
0.52%
Boston
1 frorq 1946
,>;r
'
Offering—Paul H. Chey-
Rate
LOUISIANA
Jan. 22.
Glenwood, la.
cate
Crystal Lake Grade School Dist,
tem¬
of
issue
Bidder
will be submitted to the voters at
the election to be held
bonds,
beginning with the bond then un¬
paid bearing the highest num¬
ber, on any interest payment date
capacity and are thus unable to
not earlier than Feb. 1, 1958, by
incur additional debt for airports
30 days* notice in writing to the
or
any other purposes for that
then holders of said bonds or by
matter. One of the recommended
publishing a notice at least once
amendments to the law would au¬
a week for two weeks in a news¬
thorize the issuance of local bond
paper of genera! circulation in the
issues for
airport development.
State of .; Iowa. The City shall be
The, proposed
measure will be
entitled to redeem any such bond,
further discussed at a subsequent
so called, by payment to the full
meeting
of ♦ municipal officials amount; of :
the^ principal thereof
which is tentatively slated to be
and interest accrued thereon at
held in April.
the; date fixed for redemption.
Said bonds shall be payable from
Indianapolis, Ind.
and secured; by the net earnings
Bond Sale—The $500,000 airport
of the plant, and by t^e pledge
development of 1945 bonds of¬
fered for sale on -Jan;-11—-v. 163, pf/the property purchased,I which
Dec. 15, 1945, have been sold.
Sale—An
National Shawmut Bank,
inclusive.
1969
to
,
Dist. No. 250 (P.
bonds
% Bond Election—An issue of air¬
sealed and open bids
on
Feb. 5 for the
apolis on Jan. 9, representaives of
22 local municipalities discussed
the Airport Act of 1945 and de¬
scribed : the
need
of
several
to
cost
interest
IOWA
ney,
A Cite Objections to Airport Leg¬
the life of the bonds and deduct¬
Manchester,—v. 163, p. 116—were
sold at a- price of 100.126, a basis
of about 3.987%. These bonds are
'
Bond
INDIANA
Note
a
,
April 9.
aggregate of interest
or
sold at
Atlantic, la.
of city
(P. O. Taunton),
Mass.
Republi¬
fectively blocked by the
can Board of Aldermen.
MASSACHUSETTS
,
Bristol County
porary notes amounting to $300,price of 100.587, a
000 and offered for sale on Jan.;;
/A/;'%vA 15—v.
basis of about 1.382%. Dated Dec. .A;:SAAA-' Manchester, Ky.
163, p. 237—was awarded
Bond
Sale Details—The $39,1, 1945. These bonds are due from
to the Bristol County Trust Co.,
1947 to
1955. The next highest 500 4% water works revenue re¬ of,
Taunton, at a
discount of
bidder was Raffensperger, Hughes funding • bonds awarded on Dec. 0.484%.
Other bidders were as
28
to the First State
Bank of follows:
& Co.
were
to 1964.
hall, civic center and fire station
construction bonds amounting to
County. Comparison of
the; lowest net interest cost as a
basis for the award will be made
an
fire equipment and housing bonds
awarded on Dec. 27 to Fox, Reusch
& Co., of Cincinnati, v. 163, p 116,
about 1.297%.
Bond Election—An issue
cost to the
by taking
Sale
Springfield, III.
ing to pay less than the par value
of said bonds plus accrued interest
to date of delivery, and the award
of said bonds will be made on the
basis of the lowest net interest
by Mayor Taylor, who succeeded
Wilson Wyatt, sponsor of the proj¬
ect in 1944. The program was ef¬
St. Paul, Ind. AAA AAA
Details—The $8,000
-A
Bond
Monday, January 21, 1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
362
.
.
.
....
t
•
.
•
,
-
■:
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4457
163
by law to levy upon all the ta£able property therein such ad va•X; lorem taxes as may be necessary
V
to pay the bonds and interest
thereon, within the limitation pre¬
scribed by Section 21, Article X,
of the' Michigan Constitution and
;
the Michigan Property Tax Limi;
Act.
tation
'
■
The
electors
of
School District authorized
;
inclusive, at
Dec; 3, 1945
the
sented
attached, must be pre¬
the
to
Co.,
Trust
Detroit
Davis County
Prentiss), Miss.
Bond
Bayport, Minn.
V
Offering—F. B. Slaughter,
Bond
and oral bids until 8 p.m. on
to ■ 1950,; bofh
electiori held On
Bids shall be cori/ ditioned
upon
the
unqualified
opinion of. purchaser's attorney
approving
the
legality
of ) the
bonds. The cost of such opinion
Y shall be paid by the purchaser,
y The purchaser shall pay the cost
;
of printing the bonds. Enclose [a
an
Feb.
5 for the purchase
of $50,000 cou¬
bonds. These bonds are de¬
scribed as follows:
■ •
." 7
j
pon
* V*
Grayling, Mich.'
Bond Sale^-The $46,000 light
land ^ower second mortgage rev¬
enue
bonds offered for sale on
8,500 .electric plant!■ bonds. Dile
April 1, as follows: $500 in
/
1947, and $1,000 in 1949 to
•
•
certified check for 2% of the total
•
value
of the bonds,
tothe District Treasurer.
par
.
i
V'f'V
'
*
^
J
; Jan.
•
'
%•''*.
4
payable
I
.Y
\
1
-
•"
awarded
.
Co., of Chicago, as 2%s, at a price
100.27, a basis of about 2.719%.
Dated Jan. 15, 1946. Denomina¬
tion $1,000. Those bonds are due
on Jan. 15, from 1949 to 1961. Iriof
;
Macomb^ County (P. O.
Clement), Mich,
Mount
M Suit—The
County
Drain
Committee : recently
conferred
|; with attorneys representing bond-
-
.
•
000 iri .1949 to 1957.
Warren
Township relative to \ a
threatening
sU i t
against
the
county for payment of $128,280 in
defaulted bond principal and in-
J
i
terest
on
district bonds issued in
The
1929.
r
law firm of Dykeman,
Wheat, of Detroit, out-
Jones
«
&
lined the case? against the county
which is said to be based on :a
t
,
Y.
decision
recent
of
the
;
Michigan
Supreme Court entitling creditors
to place .a lien against the county
general fund for such bond delin¬
quencies.
No
decisions
were
;
reached at the meeting and a full
.
£
j
j
?
;
report of the situation will be
submitted to the County Board of
Supervisors.
It is believed that
the county will refuse to pay the
claim, thereby precipitating filing
of a suit on behalf of the bond-
holders/'
i
Dated April' 1, 1946. Bids may
of said
;
be submitted for all or any
24
the
City
—
On
Commission
an; ordinance calling for
passed
the issuance. of the. sewerage and
garbage
disposal
plant
amounting to $1,600,000.
The approving
opinion of Dorsey, Colman, Bar¬
ker, Scott & Barber, of Minne¬
apolis, Will be furnished. Princi¬
pal and interest payable at the
Minne¬
of
Clerk,
will- receive sealed
5 p.m. (EST) on
be; Submitted ' on
a
basis (hat will consume as much
said available funds as may
Of
shall
Tenders
fully describe
the ^Certificates
.
the
•
sum
.and; shallstate
for which such certifi¬
-
cates will be sold:
<
i
Royal Otzh *Townshtp Sch. Dist.
No; 8 (P. O. Hazel Pdrk), Michl
YTenders^ wanted^alph^albm,
District
sealed
Feb.
Secretary,
tenders,
4: Yof
series-
until
7
.
receive
P.M.
on
1936: refunding;, bonds,
A,1 dated
The amount
ing-fund
will
on
for
-April
1,
: 193j6.
hand in the sink¬
the
retirement
these bonds is $3,053.
.
6f
Dassel, Minn.
j
OfferingYYTheo., By Lar¬
Village Clerk, will receive
sealed bids until 8 p.m. on Feb.
son,5
the
for
of
$10,000
Jan.
Dated
Denomination
$1,000.
are due $1;000 July
1946.
1,
purchase
works. bonds.
water
These bonds
l; 1947. to 195^ Bidders to name
the
of
rate
interest.
aife
These
the bonds authorized at the elec¬
tion held
on Dec. 4, 1945.
Prin¬
cipal and interest payable at any
suitable
bank
or
trust
company
designated by the purchaser. The
approving
opinion
of
Dorsey,
Colman, Barker; Scott & Barber,
of Minneapolis, will be furnished.
Delivery at' Minneapolis or St.
Paul within 30 days after the date
of sale. Enclose a certified check
and must
be
payable
$500,
to
the
Village
Treasurer.
to
the
district
Lyon, Mich.
days.
'!'
Roscoe, Minn.
receive
Jan.
on
purchase of Triad aiid
bridge bonds amounting to $67,24 for
the
St. Louis Park Sch: Dist., Minn.
Bond
.
Call—Clarence H. Ladd,
Clerk, calls for payment
on Mar. 1, at par and accrued in¬
terest,
refunding - bonds,
dated
Feb. 1, 1940, numbered 241 to 414.
Village
Earhart,
sealed
Laws of
Mississippi, 1944,
Philadelphia,
Y Y
Legality Apprdved-*An issue bf
$275,000
314 %
combined
water
works and; sewerage system rev¬
enue bonds has been
approved as
Nashua Trust Co.
1946:YYY;YvY;:YY:'Y/£::'
_0.55%
Indian Head National
Bank, Nashua
Sale—The
porary notes
Jan.
15—v.
$150,000
offered
163,
tem¬
for sale
on
237—were
Day & Co., of
Boston, at a discount of 0.465%.
Dated Jan. 15, 1946. These notes
due
are
R.
Det.
on
other bidders
p.
.
L.
20,
were
Bidder
1946.
as
Kate
■
Rockingham National
Bank, Exeter
Boston
MISSOURI
The
follows:
L—0.524%
National Shawmut Bank,
*
—
First National Bank,
Boston
Caruthersville, Mo.
and; '
eter), N. H.
Note
.—0.54%
Legality Approved—An issue of
$40,000
1%%' public park bonds
that
carried at the; election held
Nov. 13, 1945, has been ap¬
to
as
legality by Charles
Trauernicht, of St. Louis. Dated
Dec. 1, 1945*
Webster Groves, Mo.
NEW
-
JERSEY
YY^yY-;;
Bergen County (P. O. Hackensack,
New Jersey
Bond
Sale—The $450,000 fund¬
ing of 1945 bonds offered for sale
Jan.
on
16—v.
awarded
163,
Blyth
to
237—were
p.
&
Co., and
Graham, Parsons & Co., both of
New York, jointly^ as
0.70s, at a
improvement bonds offered for
sale on Jan. 14—v. 163, p. 237— price of 100.019, a basis of about
0.695%. Dated Dec. 1, 1945. De¬
were awarded to the Harris Trust
& Savings Bank, of Chicago, as Is, nomination $1,000.
These bonds
at a price of 100.3797, a basis of are due on March 1, from 1947 to
Bond Sale—The
-
-v-*.,--u.fc0.56%
Rockingham County (P. O. Ex¬
to
legality by Charles & Trauetnicht, of St. Louis. Dated Jan. 1,
Bate
;
-
0.454%
awarded to
Miss.
of
0.45%.
follows:
were as
Bidder
Feb. 5 for the
on
of
Y Boston
of
$225,000 industrial
plant bonds. Dated at some mu¬
tually satisfactory date. Denom¬
ination $1,000. Issued under the
provisions of Chapter 241 of the
$350,000 public
:•
v>
Y
Rogers, Gordon & Co.,
jointly,
For $285,000, iy4-s —J.U00.149
Shields & Co.,
For $285,000, lV4s
100.049
Phelps, Fenn & Co., and
Fidelity Union Trust Co.,
Newark, jointly,
For $284,000, 1.30s
Y
100.452
Estabrook & Co., and
Julius A. Rippel, Inc.,
Y
jointly,
For $285,000, 1.30s
100.29$
White, Weld & Co., and
Kean, Taylor & Co.,
y
jointly,
y-'Y-Y" Y'Y""-Y-Y
For $285,000, 1.30s -.__._100.289
Salomon Bros. & Hutzler,
For $285,000, 1.30s
100.20
Blyth & Co., and
'
C. C. Collings & Co.,
Y: jointly,
Y " V/'YY'/YYY"''
"v.,
For $285,000, 1.30s ......100.15 Y
National State Bank,
;
:
Newark, and
•
R. W. Pressprich & Co.,
,
Y jointly,
For $285,000, 1.30s
100.130
Minsch, Monell & Co.,
H. L. Allen & Co., and
Charles Clark & Co.,
Y
jointly,
;
:.
For $285,000, 1.30s
100.09
Other bidders were as fol¬
about 0.961%. Dated Feb. 1, 1946. 1952.
Goldman, Sachs & Co., and
Denomination $1,000. These bonds lows:
MacBride, Miller & Co., 1
■
are due on Feb.
1, from 1947 to
Price
t' jointly, : • :YV" Y' t.' -Y'YY
Bidder:
1965. The next highest bidder was
For $285,000, 1.30s ..—100.079
National Bank of
Y
the
Mercantile-Commerce
Bank
Equitable Securities Corp.,
& Trust-Co., St. Louis, and New- l Palisades Park,
^
;
Y and /yy:yY:Y.r: Y Y-Fbr $450,000,Y.70S' J,—..100.00*
hard, Cook & Co., jointly, for Is,
First of Michigan Corp.,
5 -!r;
Lazard Freres & Co.,
at a price of 100.08.
'
jointly,' ■ Y//:-; Y/;Wy Yy/YY • -: :Y Y
Fori $450,000, %s —Y
100.033
For $285,000; 1.40s ......100.35
Y,;Y
MONTANA
Halsey, Stuart & Co., and
Hornblower & Weeks,
First of Michigan Corp.,
Broadus, Mont.
Harvey Fisk & Sons, and
jointly,
Bonds Voted
The following
J, R. Ross & Co.,
. YY >
! Y
For $450,000, .80s ——.100.097
bonds amounting to $44,500, not
jointly,
Harris Trust & Savings
For $285,000, 1.40s Y..w.y100.23
exceeding 4 % interest that were
Bank, Chicago, and
submitted to ;the voters at the
B. J. Van Ingen & Co.,
Boland, Saffin & Co.,
election held on Jan. 10 were fa¬
Campbell, Phelps & Co., and Y
jointly,
'
vorably voted:
A. Webster Dougherty & Co.,
/For $450,000, .80s _,^Y.100.07 :
jointly,,
$32,500 water system construction Phelps, Fenn &
Co., and
For $285,000,1.40s
bonds.
.100.15
Julius A. Rippel, Inc.,
?
Boland, Saffin & Co., :
12,000 sewer system construction
jointly, ;
Y;> "Y
For $285,000, 1.40s -....*.100.09'
bonds.
For $450,000, .80s
100.05
J/S. Rippel & Co.,
?
These bbhds are due in 20 years, tTnion Securities
Corp.,
Coffin & Burr, and Y
optional in 10 years.
New York, and
'
Union County Trust Co.,
W. H. Newbold's Son & Co.,
Cutbanh, Mont;
Y Elizabeth, jointly,
'"-T1!'
jointly,
For $285,000, 1.40s —100.069
Bonds Defeate&---AftY issue ^of
For $449,000, Is
—>100.262 Central Home Trust
water system^ and sewage treat¬
Co.; v ,Y
Elizabeth*
ment; plant * bonds amotinting to
Cape May, N.J.
For $285,000, l^s .—..100.04
Bond Sale—The $40,000 fund¬
$157,000. was defeated at the elec¬
„
:Y|||;|Y/|
«
-
,
■
.
:
,
-
.
tion held
Dec. 21,
on
NEBNASKA
1946.
Denomination
$1,000.,
,;,
Windorfi Sch, Dist., Minn.
Bond
of
to
Election
construction
$170,00d
was
voters at the
Held—An
bonds
Bond
•
issue
considered by the
election bn Jan.- 16.
Wient
1
$60,000
issue
terest
will
at
on
be
submitted
the
to
to
the
be held
election to
The
1950.
only other bidder
Stroud & Co;, for 2at
price of 100.067/
Y
a
Paterson, N. J.
Bond Sale—The $285,000
Bonds Fntchased—The Yiollow-
ing bonds amounting to
,
and; authorizedv at
held
on
chased
Omaha:
Jan.
as
.
election
8, have been pur¬
T&s,
andl
,1s
E.
/
the
$82,000
Schweser
•
'
1
1
the
by
Co.,
of
$35,000 park improvement bonds.
47,000 hospital bonds.
bonds
due.in 10 years, optional in 5
Madison, Neb.
Bonds
revenue
000 Was
Purchased—An
bonds
\
issue
of
amounting to $81,-
purchased recently by the
Kirkpatrick-Pettis Co., of Omaha,
as
1.60s., i: .V
Y-V'Y/*,:
ivY-
?
New
of
Rippel, Inc., of Newark,
price
sale
on
Co., of New York, jointly, as
1.20s, at
about
1947
1.175%*
Dated
a
to
are
due
Feb.
These
were
'
.
"
1,
1, from
Other bidders
1971.
follows:
on
basis
Feb.
Denomination $1,000.
1946.
as
price of 100.29,
a
Y
Halsey, Stuart & Co., •
For $285,000, 1.20s_——100.279
Harris Trust & Savings
Bank, Chicago,
1.20s
National Bronx Bank,
New
York,
»Y' v.'.
•
100.222,
as
Is, at
basis, of
a
.
81,000
sewer
of 1945 bonds.
^,
;
Dated Dec.
tion
$1,000.
follows:
1, 1945. Denomina¬
Other bidders were
'
\
*
5>
Price Bid,
Bidder
First National Bank,
New' York,
For $325,000, Is
Mellon Securities
Y
..—100.20 ;;
Corp.,
Pittsburgh, and
1 •
MacBride, Miller & Co.,
'
jointly,
Y
Y
y V
For $325,000, Is .......100.175
Union Securities Corp.,
New York, and Y
;
;
Dolphin & Co., jointly,
,
Price Bid
For $285,000,
of
$125,000 funding of 1945 bonds. ;
119,000 improvement bonds. YVY.
as
&
York/ Commerce Union
Bank, of Nashville, and Julius A.
162,- p.4 3126—were
& Co., Of Phiadelphia, and Tripp
Bidder
M&J
years.
for
Alms¬
^
amounting to $325,000 and offered
for sale on Jan. 17, v. 163, p. 117;;
were awarded to a syndicate com¬
posed of Graham, Parsons & Co.,
awarded to W. H. Newbold's Son
bonds
1
\
offered
15—v.
Jan*
of
;
bonds
house
-
following bonds
about 0.96%:
Elizabeth, N.yJ.
f
Bond Sale—The
a
Jan. 22.
Gothenburg, Neb.
2%%
was
of
was
of
industrial
plant
purchased recently by
Cady & Co., of Columbus, at :a
price of 100.166, a basis of about
2.73%. Dated Sept. 15, 1945. These
bonds are due $3,000 Sept.
15,
bonds
'
:L
County Supervisors Dist.
(P. O. Pittsboro), Miss. ; V
Purchased—As
issue
bonds, not exceeding 3 % in*
voters
are
No.
-
Dated Dec. 15,1945. These
MISSISSIPPI
Calhoun
Electioii-^-An
$20,000 ? constr uctibn s.and^eqhip-
Bobert
amounting
School District, Neb.
Gordon
-
V.Yl63,
p. 3245—*was awarded, tb \a
syndicate composed of Jiper, Jaf*
fray & Hopwood, bf Minneapolis;
Park-Shaughnessy & Co., of St.
Paul, First National Bank, North¬
western National Bank, both of
Minneapolis, and Associates, at a
price of 100.06, a net interest cost
of 1.58%, as follows: fot $510,*
000 maturing $30,000 Jan. 1, 1949
to
1965, as 1%%/ and $440,000
maturing Jan. 1, $65,000 in 1966,
and $75,000 iiv 1967 to 1971, as
1V2S. Interest J-J. Dated Jan. 1,
ing Of 1945 bonds offered for sale
Jan. 14-^-v. 162, p. 3245—were
awarded to E. H.1 Rollins & Sons,
Of Philadelphia, as 2 Vzs, at a price
Of
100.192,
a
basis ' of
about
2.432%. Dated Dec. 1, 1945.
De¬
nomination $1,000. - These bonds
are due $8,000 Dec. 1, from
1946
on
ing bonds amounting to $950,000
and: offered for sale bn J an; 9—
Bonds
,
C.
receive
Bank
Jan. 15, 1946. Denomina¬
$25,000 and $10,000.
These
are
due on Dec. 2,
1946.
The other bidders
purchase
Bond Sale—An issue of build*
000
Wayne, Mich.
notes
discount
a
awarded
were
...
900.
Bonds Voted—An issue of
$20,municipal building bonds was
favorably voted at the election
held on Jan. 7.
"
'
'
'
tions
at
15
National
'
Minneapolis, Minn.
Bond Issuance Authorized—The
bond attorneys on Jan. 7 ruled
that under the City Charter the
City has authority to issue emer¬
gency housing bonds amounting
to $150,000.
,
be firm for three
South
v4
sold
Nashua,
Dated
Jan.
on
Second
Corp.,
Pittsburgh, and
Blair & Co., Inc., jointly,
For $285,000, 1.20s *
100.168
Hemphill, Noyes & Co., and
Spencer Trask & Co.,
:
jointly,
For $285,000, 1.20s „__-100.157
National State Bank,
;
'Y '
Elizabeth,
For $285,000, 1.20s
100.038
Stroud & Co., and
Schmidt, Poole & Co.,
jointly,
For $285,000, lV4s
100.342
Bioren & Co.,
Supplee, Yeatman & Co.,
—
for
Offerings Y should
state
bond
numbers, ,the amount for which
they will
<
&
Bond
the
First National Bank, ;
;
■
v..
Of 1937, certificates of indebtedinesS amounting to $40,000. Ten¬
be.
will
bids until 7 P.M.
proved
of bid.
way,
Town Clerk; will
sealed bids until 2 P.M.
until
should
Offering—H.
Clerk,
for 2%
Feb. 11 for the purchase of issue
ders
Bond
City
to
1, 1946 to 1953.
Louisville, Miss;
;
on
Bond Offering—Archie Hemen-
Tenders Wanted—W* E. Utt, Vil¬
lage
Bank
National
First
bonds
RoseOille, Mich.
tenders
mature from June
issues separately.
.
Port Huron, Mich.
Bond
Ordinance
Passed
Dec.
j
1956.
;
holders of Mount Park District of
•
Co., of Jackson—v. 163,
p. 116—were sold at a price of par.
Dated June 1, 1945. These bonds
•
i,
•
awarded last month to the
apolis; Enclose a certified check
Holders of Drain Bonds Threat-
Yv
annex
J. S. Love
*
v. 162, p. 3244— were
to* Barcus; Kindred &
—
$14,000
,.
$18,000 street bonds. Due April I,
as follows: $1,000 in 1947 and
.1948/,$2,000 in 1949 to 1953,
:
$1,000 in 1954 to 1956, $2,000
Y
in 1957, and $1,000 in 1958.
/
12,000 sanitai-y sewer bonds. Due
April 1, as follows: $1,000 in
1948
to 1957,and $2,000 in
•1958/,,.
}
11,500 water " works bonds.
Due
April 1> as follows: $590 in
1947, $2,000 in 1948, and $1,-
.
Nashua, N. H.
for sale
„
Sale Details—The
Mellon Securities
'
Note Sale—The temporary notes
amounting to $200,000 and offered
(P. O.'
'
,
3% and 1%% Court House
bonds
NEW HAMPSHIRE
;
'
Jefferson
Village Clerk, will receive sealed
years, 1946
1946 to 1965. Legality approved
by Charles & Trauernicht, of St.
Louis.
Detroit, for payment.
iii-
; crease in the
tax rate limitation
/ to 2.1% of the assessed valuation
for
est coupons
the
an
f
;•
unpaid inter¬
The bonds/with all
363!
^100.267
For $325,000, Is
Boland, Saffin & Co., and
Charles Clark
' -Y
For $285,000, 1.20s _-JL00.21
&
100.159
Co.,
jointly,
$325,000, Is ...—..100.056
For
THE COMMERCIAL & FINANCIAL CHRONICLE
Kean, Taylor & Co.,
,
Mercantile-Commerce Bank
& Trust
and
Teaneck
*
Bond
-y
44%
$50,000 series
bonds offered for
tale on Jan. 15—v. 162; p. 3245—
were awarded to White; Weld &
Co., of New York, as Is, at a price
of
100.049,: a! basis
of
about
0.992%. Dated Dec. 1, 1940. De¬
nomination $1,000.
These bonds
are due Dec. 1, from 1948 to 1955.
IL L,
Shields
Co.—..L-
&
high, and.
in
of
in
taxes
estimated at 94%
tion
1945
of the levy,
with
compares
from
this
in 1945
source
showed
decrease of about $150,000 from
a
receipts in 1944/
;
^
.-
j
yom0g^0
new
/•v Croton-On-Hudson, N. Y,
t
Bond
,
Offerings-Joseph A. ZerVillage Clerk, will receive
ello,
until
P.M.
2
Jan;
on
22 for the
purchase of the follow¬
ing coupon or registered bonds,
amounting to $30,000 not exceed¬
ing -5% interest: ';
/" «•";
'
_
/y Tenafly School District, N. J.
'■[
Jan.
on
Jan.
1947
15
163, p. 117—were awarded to
Halsey,
Stuar t
&
Co.,
and
Schmidt, Poole & Co., of Phila¬
delphia, jointly, at a price of 100.059, a basis of about 1.195%, as
1.20s.
Dated Feb. 1, 1946. De¬
nomination $1,000.
These'bonds
1950 and 1951.;:
—v.
:
are
clue
1974.
->■;/
1, from 1948 to
were
as
fol-
:";;/•//§/■
;;:y>////
Bidder
/
Feb.
Other bidders
'lows:
■
on
,
.
Jan. 1,
Jan. 1, 1946. Denomina¬
$1,000. Rate of interest to be
in multiples of Vi or one-tenth of
tl%, and must be the same for all
of the bonds. The bonds
eral
obligations of the Village, all
real property within
levy
of ad valorem taxes without lim¬
Bid
Said
C. C.
Collings & Co., r
jointly,
For $493,000/1.30s
Harvey Fisk & Sons, /
W. H. Newbold's Son &
and y ,/■/////•■ Bioren & Co., jointly,
/
statutes
u
Second Deputy Comptroller. Mr.
Doris is a lawyer and for 16 years
Deputy State Comptroller,
having resigned the office on Jam
was
1,
a
1943.
From September, 1944,
to Janr. 1 of this year; he was
up
associate
counsel
the
to
New
was
chise tax rate to the/normal rate
missioner for more
of
prior to his election to
Post- Z/.,
4}/2%.
porated
business
tax
effected
through a decrease inAhe tax rate
from 4% to 3%.. This will mean
an
annual saving of $7,000,000.
Lock wood
•Mr.
ernor's* program
relieve
Committee
Legislative
the recodification; of the Mul¬
on
the
said
Saratoga Springs
income tax
Gov¬
and
the
and to
encourage small business and iiipayers
for/delivery
Jan.
3,
in
and
on
exchange
for
-
after
tempo¬
rary bonds of the issue of $75,000,000, dated Feb. 1, 1945, matur¬
ing on Aug. 1, 1946 to 1985, and
bearing coupon rates of ■ 1 % %,
1%% and 2%. The exchanges,
according to Mr. Teitelbaum, will
be made subject to the following
Conditions:,
v
,
/ <*
Temporary
surrendered
at
Bonds
be
must
Office of
the
the
Comptroller of the City of New
York, Division, of Stocks and
Bandjv
Room
830
Municipal
Building, Centre and Chambers
Streets,
Manhattan, . New York
City.
2. The exchange window will
be open from 10 a.m. to 3 p.m.
ernor's
daily,
Saturday. > 0 u r
on Saturday,
can; not be
except
do
not
/
Definitive Bonds will not be
3.
:
'
view
f
to
Water
bonds
are
for
improvements and
pumping plant and
mains
of
issued
of
the
water
extensions of
being 40 years.
mains
water
to have your bank or
present Temporary Bonds
broker
/
for exchange.
f
4. Temporary Bonds, when pre¬
for exchange, must bear
upon the back thereof the name
of the owner, or if such exchange
is made by an agent, the firm or
corporate name of the agent. Such
endorsement,, • eith er j writtep,
typed or rubber stamped, is re¬
quired
for ' identificatiqnj: puf*
;
sented
.
„
bulle- ^,
relative to
'
litigation be- ^
of New York and
State Defense, in a
issued
tin
>
Secretary
on
ence
-
expressed by Austin J.
of the Confer-
was
Tobin,
15
Jan.
on
the outcome of the
un¬
the Internal Revenue
burden of business in New York
The
will have
and
It
"1.
will
New York in
the
of
the State of
souqd
a
tween the State
threefold effect:
a
place
of
the
will
greatly
encourage
tioned bulletin:
small
needs 100,000 new,
businesses,
isj designed
ernor's/ program
;
1
»
:
/
in
Reed, Murphy tand
Burton.
This opinion sanctioned
the tax on the sale of bottled Sar¬
Justices
by
Gov¬
the
and
-
filed, the
written by
prevailing opinion was
Chief Justice Stone, concurred
state.. It is estimated that
now
'
Of the four opinions
enterprises needed through¬
out the
/;/
whatever." The /
following are excerpts from the
statement prepared by Mr, Tobin
and published in the aforemen¬
establishment of small busi¬
ness
particularly in light of the
from any source
'
1
It
'
instant /
high court's request that counsel
question whether the
Federal government may consti¬
tutionally tax any State property
or
activities and/State: income
expansion of indus¬
trial and manufacturing concerns
both large and small already en¬
gaged in business in New York!
with larger employment as the
"3.
tax-exempt feature
municipal bonds,
active part in the
"discuss the
and
result.
an
case,
"2. It will lead further to stim¬
ulation
and
State
took
opportunities for our citizens:
ness
Department.
Conference/which has been
spearhead in resisting attempts ,
the
Federal
government to /
eliminate the
competitive
position to attract new business
enterprises into our state to pro¬
vide new ^employment /and busi¬
Arrange
Village, the period df prob¬
equipment
be purchased being five years.
usefulness of the
by the ^ Supreme /
/. has been averted/'/This-
taxation.
eral
Court
reduc¬
able
of pur¬
chasing equipment for the Street,
Sanitary and Water Departments
purpose
/
v
authority, /indicates that
"danger: of a drastic curtail-; ,
ment of State immunity from Fed- / ;
incorporated business taxes," he
said, "will greatly reduce the" tax
open
therefore, exchanges
handled on that day.
through
program
.
the
recom¬
tions in the franchise and the
,
vaults
/ I
highest in the nation.,
$31,000,000 saving
,
abovO
mended for business in the Gov¬
,
,
•1.
the
"The
^,
handed
opinions
dissenting
members of the .United
States Supreme Court on > Jan. 14,
in which the court upheld a Fcfdera! excise tax;levy on the sale
of bottled mineral waters by the
.
able
Authority, N. Y.
■
to
down by
expansion, of existirig
tiple Dwelling Law.
/// ///:/
business in creating employment
Definitive Bonds Ready — Ed¬
throughout the state."';'v'// ; !
ward Teitelbaum, Chief, Division
He
said that
since
1936
the
of Stocks and Bonds of the City
franchise tax paid by business in
Comptroller's
office,
announces
New York State has been one df
that definitive bonds will be avail¬
his present :/ . ;-;.
Court Decision Seen
Local Governments v
—Examination of both affirmative
•
the; tax burdens of per¬
sonal
;
Supreme
Favorable
"designed to
was
had been a Com-,/
than 11 years
Chairman Byrne
the;; unincor¬
irf
duce
York State
er
////////;'/; ,///;/ "■{'
.
3. 1 Reduction
,
of said
the
No
down
payment is re¬
quired with respect to the im¬
provements to be financed by the
/
issuance of the Water bonds. The
approving
opinion
of
W oods,
Hoffman, King & Dawson, of New
York City, will be furnished to
Bros./
v
ant—Appointment of Lieut., (jg)
Edward A. O'Hara of Syracuse, as
Consultant to the Comptroller was
announced on Jan. 19 by State
Frank
Comptroller
Lieut.
O'Hara,
leave
from
now
C.
Moore.
to
,
atoga Springs mineral .water, but
only after reaffirming the basic
doctrine of State and municipal
"The. Governor's tak-feduction
therefore, will result in
a
general improvement in the
standard of living of all the peo¬
ple of New York State by easing
tax
burdens ; and
by
creating
widespread new business and em¬
ployment opportunities."
program,
,
have known it
past 40 years. The Court
felt bound to apply well known
previous decisions which had held
that ordinary business operations
by a State like the sale of liquor
as
distinguished from its tradi¬
0 wasco (PI 0. O wasco), N/■; I,1,
Bond"' Sale —The /following tional governmental activities are
subject to Federal taxation. }■
bonds amounting to $363,000 and
immunity
as
.
/;
we
the
for
//
,
„
offered for sale
Jan. 17—v. 163,
on
-
terminal
on
In the event
cuse
- from
type and char¬
taxable
by the
"Herald-Journal," / covering
local municipal affairs. /
/
-
bonds of the
shall
acter
same
be
terms of any Federal income tax
-
and/-./'//• ,*
Co.^v,-/?/ '
MacBride, Miller &
jointly, For $491,000,1.40s
—100.54
Hemphill, Noyes-& Co.,; /
Spencer Trask & Co.,
Charles Clark & Co., and
H. L. Allen & Co.,
/ / '
jointly; t''.'!,'5":/!'-// 'X,'-"' "
W. E. Hutton & Co., and
Dolphin & Co., jointly,
For $492,000, 1.40s — -100.30
Shields & Co., and
Mackey, Dunn & Co.,
jointly,
For $493,000, 1.40s
100.18
Hornblower & Weeks,
Ira Haupt & Co., and
First of Michigan Corp.,
jointly,
For $493,000,1.40s ———100.10
Fidelity Union Trust Co.,
Newark,
For $492,000, l^s
—100.219
E.
has
Dewey
ask
win
ue
Seek
$119 *00.000
Reduction — Gov.
Tax
Thomas
that
announced
forthcoming ses¬
me
law, the successful bidder may at
sion of the legislature to approve
his election be relieved of his ob¬
a
ligations under the contract to
purchase the bonds, and in such
case the deposit accompanying his
bid
will
will
be
delivered
Hudson,
tax reduction program
at
in
result
tn
$119,000,000.
The bonds
for
dividual
the
bonds have been authorized
pur¬
suant
Law
and
to
are
suant
the
Local
Finance
to be sold and issued pur¬
such
to
law, the statutory
authority for the power to spend
for the objects or purposes
money
for
which
said
bonds
are
to
be
issued
being the Village Law of
applicable local law
has been adopted pursuant to the
the State. No
provisions of Sections 33 or 170
of the Local Finance Law
suant to
of
1944.
or
Chapter 780 of the Laws
The procedure for the
validation
of the
bonds provided
in Title 6 of the Article 2 of the
.
.
.
•
-i
V
"
t
number
) )■■'
of
amount
program calls
of 25% in in¬
years,
of
taxes
will reduce
payable in
1940 to 50%. The plan also pro¬
vides for 25% cuts in the business
franchise
business
wood,
■-
and
taxes.
unincorporated
Paul
E.
Lock-
Executive
Secretary
to
Dewey,
summarized
Governor
'be tax-reduction program as
fol¬
lows:
1.
A
further
cut
in
This
will
saving
to
represent
•///.
With
/
this
/
the
taxpayers
$44 noo ooo.
25%
tax
The
reduction will
of
the
present
be con¬
tinued and the Governor's
What
the
$1,000.
For
Bid
J
.
Geo, B. Gibbons
For
recom¬
mendation, therefore, will mean
a
50% reduction in'personal in¬
in
j
were
100% successful.
/,
,
Supreme Court opinions,
holding "governmental" funcimmune
as
distinguished
/
/
tions
from
"-
"proprietary" activities, have
to define "governmental"
tended
functions
&.Conine
Stone
,:.'/;//;/;
v,.;//;
Chas. E. Weigold &: Co.f
jointly,
v
.
and,
Z
Previous
—_100.289
1.40s
/Zfg;
to persuade
; In another respect, the State's po¬
sition has been greatly advanced.
,
jointly, '/.
was
.
States and the Conference of State
Price
.
,
'
Co., Inc.,.
E. H. Rollins &? Sons, and' '<
:/ J
Bacoa. Stevenson & Co.,
'"/'»}
vital
was
Defense
followirig:S^.%^
Bidder
an¬
aim, the Attorneys-General of the
1, 1946. Denomina¬
Other bids included
Blair &
to
munity,- regardless of the decision
on bottled mineral water. In that
to 1986.
tion
itself
the Court to uphold the basic im-
water
district
bonds; Due Feb. 1, from 1947
Dated Feb.
restricted
and
case
swering the Court's questions on
the general doctrine of immunity. /;
second
more
Justice
narrowly..
implied*
himself
in
earlier
■■
iv2s
C. J. Devine & Co., and
C. F. Childs & Co.,;
-
those
//./
:
Sherwood & Co., and
the
Z; //
;////•/'
,
;
f
Sherwood & Co., and
t
-
Newburger, Loeb & Co.,
v;;"'/;//:"::"
jointly,
.100.59
1.60s
Port of New
York Authority, N. Y.
Cullman Reelected Chairman-
Commissioners
of
the
Port
Au¬
unanimously ap¬
proved the reelection for the 1946
term, of Howard S. Cullman,. of
thority
have
New York City, as
Chairman, and
Joseph M. Byrne, Jr., of Newark,
r;
1
-V
t
activities
continued
mfght be only
"indispensable to
existence
of State
as
untenable
the
distinction
/
/
be¬
'governmental' and 'proprietary' interests" on which pre¬
tween
vious
/
;
govern-
government." Yet in opening his •///
Saratoga opinion, Chief Justice
Stone finally concedes "we regard
Z
/, / •; V
/ //
' /
immune
that
functions
mental
_LL.101.01'
Union Bank,;
Nashville,
t.
,
////;•?
/.•
V
Tilney & Co., jointly,
For 1.60s
Commerce
opinions
/-/
—101.28
—
the
annual
an
basis of about 1,357%:
1986.
For
25%
present personal income-tax rate.
pur¬
,
cut
of
which, with
previously in effect for
the 25%
a
The
enterprises
income taxes
The
Village operates under the
Village Law of the State.
The
designed
savin? to individu¬
further
a
be agreed with
the purchaser about Feb. 10, 1946.
or as may
a
business
and
als
Croton-on-
returned.
be
,
For $491,000, 1.40s l——100.47
Boland, Saffin & Co.,
To
Dewey
ceived^ by private holders
a
83,000
Navy, was for
eight • years, prior to his enlist¬
ment, correspondent for the Syra¬
that-prior to the de¬
livery of the bonds the income re¬
100.719,
$280,000 first water district bonds.
Due
Feb. 1, from 1947 to
the
the successful bidder without cost.
For $490,0.00, 1.40s——100.73
E, W. Pressprich & Co., >
as
first
1936. This will
mean
an annual saving of $24,OOOJOOO and Will return the fran¬
stimulate their development..
for
bonds.
Co., St. Louis, ,/h "
Campbell, Phelps & Co., and Z f
— —
has
pointment of Abraham L. Doris
He
appointed & Commission¬
almost 19 'years ago.
Vice-
the Chairmanship a year: ago.
1,
Comptroller's Office. Do not mail
Temporary Bonds to this office.
issued
by the issuance of the Equipment
Trust
,
Comptroller" on
announced the ap¬
Nov. :
than
elevation.to
prior to his
10 years
„
>;
Braun, Bosworth & Co.,
Inc., and
Minsch. Monell & Co.,
; jointly,
For $491,000, 1.40s —100.60
B. J. Van Ingen & Co/;/
u
Sen¬
City
as
1,
State
Joseph, who was in¬
fective
Vice-Chairman for more
as
decision,/the States
need have no quarrel. Their brief
p. 238—were awarded to Halsey,
v
necessary down payment as re¬ I>oses.
;
Stuart & i Co;/ and the Fjrst of expressly refrained from support-*
quired by Section 107 of the Local "■/'' "
New" York (State of) Finance Law with respect to the
Michigan 0>rp., of New York, ing the immunity of the specific
Comptroller Appoints Consult¬ jointly, as 1.40s, at, a price of bottling
equipment to be financed in part
operation involved in the
V '-'H 4 >
—^.—100.08
-
Jan.
I
*
Deputy
the state
Provision has been made for the
•
/U. /
'
Second
State agency.
.
City, N. Y.
-
Vice-Chairman pi the biMr. Cullman served
N. J., as
taxes which come due April
15, 1946, totaling $88,000,000.
/
2. Elimination of the 1^ % em¬
ergency
business franchise tax
(Article 9-A), which became ef¬
come
mailed, under any circumstances.
Exchanges must be made by the
bondholder or his agent at the
the
f
York
Named
ducted
the
of
Co/Vv'Z-/ j pumping plant and
Mercantile-Commerce Bank
'
and
improvement^ and additions to the
> ■
/
the
to
■./;
•.
ator Lazarus
pursuant to the
system of said Village, the pe¬
riod of probable usefulness of the
;
Butcher & Sherrerd,
Said
amount.
or
/
;
payable
r
Comptroller—Former
State, including among others the
Village Law and Local Finance
Law.
Said Equipment bonds are
extension
v
Estabrook & Co., and
Stroud & Co., jointly,
,
Constitution
the purpose of
-100.09
Kean, Taylor & Co.,
rate
100.18
$493,000, 1.30s
For $493,000, 1.30s
of
bonds are issued
additions to the
National State Bank,
Inc., jointly,
gen¬
taxable
I: For $492,000, 1.30s l---—100.25
White, Weld & Co., ? v $
j.
Coffin & Burr, and
1- * Z/u//
Van Deventer
are
which will be subject to the
-
&
/
f
.j
.
/
Dated
itation
/. .-Newark,.1
$1,000
/■
tion
the
.
For
1947 to 1959.
v* Price
>
i
X
;
13,000 water bonds. Due
Tenafly Trust Co..
Tenafly,
■
Tor $493,000, 1.20s —1__100.00
«-National Bronx' Bank/
-'-"
' •
%>■ - New York, and
« 0:' Z//Z0/ / ?
Buckley Bros., jointly/
/'<'//: ;
For $491,000, 1V4S
..100.41
Blyth & Co.,
r •/./00Z0ZZ,//;
Equitable Securities Corp.,
Z " ahd//0■
///•/
///
Sheridan, .Bogan Co., ■
»4 ,
jointly,
/, ». ■
;
equipment bonds.
Due
1, as follows: $3,000 in
to 1949,/and $4,000 in
$17,000
Bond Sale—The $493,000 school
bonds offered for sale
;
/
.
sealed bids
•
$600,
'
New
'
1944. Systematic reduc¬
delinquent taxes is re¬
flected in the fact that collections
Julius A. Rippel, Inc.——100.293
K
of
new
93.8%
100.12
Bonds
current
a
_ _
//'*/:,/:'For--1.20%
the
on
is
vIra Haupt & Co.-__
100.09
C, C. Collings & Co—-_;_100.08
Boland, Saffin & Co._—__100.07
B. J. Van Ingen & Co
100.04
:
new
year
lection
as: follows: i
For 1.10% Bonds "./4-1
Allen & Co.l- -l.- _1100.16
pre¬
in
created
was
standing
;//:'■ Z/iZ/Z;/ v////'
Price
'■
Z'Bidder-.i'<■:%.:/"/; Bid';
///I'//
for
Doris
Of
and the total out¬
Dec./. 31, /1945,
amounted to $13,455,363.25. Col¬
recent
Sale—The
were
Jan,
on
reduction
a
total which
1, 1936. No
the
from
vailed
f> ■■ "• bonded debt
IT;;; refunding
Other bidders
in
resulted
has
100.04
nech)JN. J. *'... '
check
$1,311,785 during 1945,
thereby continuing a policy which
•'«
v.
Local Finance Law is being com¬
with. Enclose a? certified
plied
extent of
/ /.:
:
,j '
the Village.
city, reduced its gross debt to
Township (P". O. Tea* '
';-r
'•"
'''
44% Since 1936—The
Debt Cut
•/• v.*
jointly,
For $325,000, Is
•
jf
-
Co.I St. Louis, 1
V; -/
Van Deventer Bros., Inc.,
''
Trenton, N. J.
,
/
21,-1946
Monday, January
cases
had relied
//
in denying
immunity. And he omits - com¬
pletely his test which would limit
immunity to "indispensable" State
activities.
interesting in the
Douglas-Black opinion is
Particularly
Justices
the constant assertion
munity
bonds.
same
of
State
and
of the
im-
municipal
It will be recalled that the
Circuit
Court
of Appeals
the excise tax on
bottled water /(and is
which permitted,
Saratoga
/
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4457
163'
365
-^~r
n6w ' affirmed): also
months • later' that
■Ohio
held a few
Ther. Port of
New York Authority and Tribor-
ough Bridge Authority bonds are
exempt (and was sustained when
the Supreme
view
Court refused to re¬
refusal
Jan. 2, 1945). The
on
review the
to
exemption of Au¬
thority bonds, while definite, did
position of the in¬
not reveal the
dividual Justices, since no vote is
on a denial of certior¬
In regards to the call
for tenders
refunding bonds,
dated July 1, 1940, Benjamin. C.
Bourne, Village Clerk, has an¬
nounced
that
the
Village pur¬
chased
$13,000 bonds at prices
.ranging from 80.00 to 84.45.
on
Jan.
.
7
are
Bond
Douglas and Black
those who will not tol¬
among
Federal
taxation
V.
,
Passed—-The
Ordinance
Council recently passed
ordinance calling for an issue
an
of
purchase
of
ning, Chairman of the Commis¬
sioners, has announced that the
$400,000 4% school
registered bonds. Dated
1, 1946. Denomination $1,000. Due Dec. 1, as follows: $18,000 in 1947 to 1966, and $20,000 in
1967 and 1968.
Bidders may bid
State
for
York
will
bids
New
receive
A.M." (EST)
the bonds authorized
eral
election,
the purchase of 60 lots of fully
registered State and municipal
opinion at his
bonds
bonds
Note
Sale—The
awarded
were
tional
to
1
the
First
Na¬
p.
of Boston, at a dis¬
count of 0.378%.
Dated Jan. 11,
1946.
These notes
are
due on
follows:
as
-
Other bidders
'
\
for
1%. of'the
Rate
bonds,
(Pius.-$11.00)o.42%
National City. Bank,
J
%-New York
0.48%
were as
Bidder
►
,
r
;
White
Co.—;— 559.00
&
1737 Union Commerce
session to take action
7
final ap¬
on
P. O. Box 508
' '
-
1
_
<1
—
532.00
____
222.85
«
'
,
: -
r
(Unidentified) 1 -L--— ,196.60
Halsey, Stuart & Co., Inc.- 180.50
Provident Savings Bank
proval of an issue of utility ex¬
pansion bonds amounting to $248,4300.
t,
Bldg. , (Unidentified)
Seasongood & Mayer.
regular
.
has
;
City Council for Feb.-19, to
following
bonds amounting to $1,685,000:
$1,135,000 street improvement
bonds,
f
•
.
plant
power
improve¬
.:
.
65,000 water plant bonds..
50,000 sewer extension bonds.;;
NORTH
.
'
Bond
bonds, not exceeding 2% interest,
carried - at
theY. November,.
that
These bonds
000.
amounting
1947
in
1961.
to
The
next
highest bidder was Halsey, Stuart
Co., for 1.20s, at a price of
•
-
r.:
■/; /
Bidder
•
were
,
—,100.037
Bank of North
For lV4s
Dakota,
'
;^//y^y/i
"
;
—
Blyth & Co.,
as
1 ;
<
Bid
^///S^/^y//
1.20s
-Bismarck,-
were
1
Jamestown,
.For
mium of $2,231, equal to 100.89, a
basis of about 1.172%. Dated Jan.
/// I/ Price M
.//
-
National Bank of
For
/ Bond Sale—The $250,000 build-:
ing bonds offered for sale on Jan.
8—v. 163, p. 118—were awarded
to Fox, Reusch & Co., of Cincin¬
nati,'as lV4s, at par plus a pre¬
■
bidders
Other
100.1574.
v
r
(P. O. Grove City), Ohio
15,
1946.
Denomination $1,000.
bonds
mature
$5,000 on
April 1 and Oct. 1, from 1947 to
1971
inclusive. /
Other
bidders
&
follows:
due $20,000
are
1956.
w
'' •
'»
V i'i
•.
;
Jackson Local, School District
to
$270,000. and offered for sale on
Jan. 8 —v.
162, p. 2997—was
awarded to J. M. Dain & Co., of
Minneapolis, as 1.20s, at a price
of
100.1577,
a ; basis; of
about
1.18%. These bonds are due $18,000
The
ordinance calling for the issuance
of
the ; $200,000: city .' building
Oct. 1, 1947 to
bonds
--
City Council recently passed an
Jamestown
struction
___
v
100.305
v-y /
1,30s
-100.01
These
follows:
as
•
,;
P re -
Halsey, Stuart & Company
Stranahan, Harris &
Company ——
Ohio
Company, and
Braun,
Bosworth &
mium
,82,135.00
•■•
:
-
.
1*4*0
.
Defeated —An
1,567.50
continues
$5,500 hospital, site purchase and
equipment bonds was defeated at
the election held on Jan. 8.
•
833.00
Bonds
sewer
Voted—An
issue
favorably voted
the election held
on
2,861.00
537.00
of
Jan. 3.
at
bidder
show
and
our
re¬
of
for
from
rose
lower
10
school
the
to
of
bonds
y,;
awarded
Jan.
on
Co., of New York, at
100.02,
the
Bidder
163,
239—also
p.
,
•
.
;
'
.,
.
\
y::y;
-
Solon, Ohio
$255,000, 2M»s,
$850,000, Is, and
*
/
water
bonds
Sale Details—The $30,000
works
mortgage
awarded
Bidder
on!
A.
revenue
Dec.
28
to
Ryan, Sutherland & Co., of Toledo,
Pox.
.
Roth
&
36.36
,
j
1 y2
fc
Cincinnati, Ohio
l;Va%
Ohio
lVa^'^ll.OO
/
-
-
inclusive. Opr
Jan.
15, 1946.
De¬
nomination
$1,000.
Due
$4,000
April and Oct. 1,1947 to 1953, and
$4,000 April and $5,000 Oct. 1,
different
rate
of
interest
in
These
blanks
at
to
of
on
Education
purchaser's
and
expense.
Check
for
a
able to the Board of Education.
£
-
,
*
'/
••
;
^
New. York, ■ ■■;■'
National City Bank,
1 ' " , \
New York, y
Co.; /y
,
York,y':-.'-
National Bank of Tulsa,
First National Bank and
,;
'
1 Trust Co., Tulsa, •
i
City National Bank &.1'
•
I
1
-s
.
'
1
/ Trust Co., Kansas City,
R. J.
Edwards, Inc.,
i
'• r" '
>
Small-Milburn Co.,
Fourth National Bank,
-
y
y
■%Tulsa, and
;-/':/y
jointly, T
/
i For $750,000, 3sy
,
>1 f yt
:
$1,500,000, iy4s, and . -' " :,Vp.*
; $2,250,000, Is ,i_^^--./100.00
A. G. Becker & Co.,
(Net interest cost 1.1767%.)
First Boston
Corp,," ;,
First National Bank,
Chicago,
■
:
•
.
t
:
«
4,
/ ;
\
:
'
-
Lazard Freres &
Co.,
Lee Higginson Corp.,
First National Bank & Trust
y;
•
•"
Milwaukee,
Sons,
'
Burr,T
' /
Davis,/
'
First of Michigan Corp.,.
^;
Milwaukee Co.,
<■' '
** "•Illinois Co., Chicago,
Julien Collins & Co.,
y •;
McDonald & Co., * '
'
* y1"'.
Fahey, Clark & Co.,
"r.
Campbell, McCarty & Co., /;f
and
V;•• ' '■/•';: /
•/•/y
Fidelity National Bank,
•'
/Oklahoma City, jointly,
For $500,000, 3s,
y
:):
$750,000, 2s, and yy ;
$3,250,000, 1.10s --_.-___100.00
(Net interest cost 1.2425%.)
•
Co., Oklahoma
;
Bond Sale
-y
Details—The follow¬
ing bonds awarded on Dec.; 17 to
syndicate headed by the R. J.
Edwards, Inc., of Oklahoma City
—v.
162, p. 3127—were sold at a
a
price
I
of
100.009,
cost of 1.30%:
$90,000
sewage
a
net
.
..
disposal
Lehman
interest
y
bonds.
Bros.,
"
.
Phelps, Fenn &
Union Securities
New
Woodward, Okla.
a
pay-
; ■
(Net interest cost 1.165%.)
are
Enclose
•
Savings
,
;
.
City,
opinion
$10,000,
■
:
•
Coffin &
For $1,190,000, l%s, and
$310,000, Is
100.007
the
by
■
^
.
Trust
Now6,1945. Bond
furnished
be
Bid
.
Evan L.
First National Bank &
the bonds authorized at the gen¬
eral election
Price
v
E. H. Rollins &
jointly,
.
;;;
For $255,000, 3s,
y.
.
-y $935,000, Is, and
■
$310,000, iy4s
..aoo.09
(Net interest cost 1.1958%.)
1954 to 1969. Bidders may bid for
multiple of *4 of 1%,
following bids:
Co., Oklahoma City, ;.
:
Miller. Kenower & Co.,-
District Clerk, will receive sealed
bids until noon on Jan. 28 for the
10
:/
v
n
R. Compton &
Co., Inc., and
fSffM
Bond Offering—Russell Watkins
Dated
-i
William
Washington Township Local School
District (P. O. Centerville), Ohio
the
Bank, Chicago,
J. E. Piersol Bond
' 234.00
Jan.
-
•
Wisconsin Co.,
McDonald-Moore & Co.,
E. Lowber Stokes & Co.,
Co.,
.
$4,500,000
on
Chase National Bank,
Campbell, Phelps & Co.,
Co.,
413.00
Irving,;A-f •'
received
Chicago,
Tyson,
468.85
.
^
& Trust Co., of New York,
price of par, a net interest
of 1.1739%—v. 163, p. 239—
Harris Trust &
r
1
/
•
Okla. -
Northern Trust Co.,
"V-
,
y
>
Dist.,
syndicate headed by Halsey,
& Co., and the Chemical
Bidder
.
Mississippi Valley Trust
Co., St. Louis,
: w
Townsend, Dabney fyv
.
Stranahan & Harris &
certified
tional Dec. 1, 1955.
Co.,
Toledo, Ohio
Weil
from
3974
&
a
cost
.
100.042
Minsch. MonelL& Co.,
$113.00
1946. Denomina^
Sch,
,
Bankers Trust
Lazard Freres &
mium
Rate
1,
Bids —The
:
(Net interest cost 1.16928% .)
Co.,
Ohio
Reusch
Board
to
&
Cincinnati. Ohio,
Seasongood & Mayer,
Cincinnati, Ohio
Ryan. Sutherland and Co.,
price of 101.19, v. 163, p. 118.
sold
as
2V2S, a basis of
2.359%. Dated Dec. 1, 1945. These
bonds mature serially on Dec. 1
a
1948
-
.,
White
a
also
.
•■Cincinnati.
to
at
Co.j '
»• /
Gpldman, Sachs & Co.;
/
: •*
refunding bonds ~ dated July 1,
Central Republic Co.,
1938. These bonds mature July 1,
Chicago,
1963, callable on any-interest date.
B. J, Van Ingen & Co.,
Said bonds
will
be
paid upon
Alex. Brown & Sons,
presentation on or after Jan. 1, at
the' Cleyeland Trust Co., Bedford. Stern Bros. & Co.fEldredge & Co.,
*
Interest ceases on date called.; •
Wisconsin Co., Milwaukee,
-•
South Charleston, Ohio
Hannahs, Ballin & Lee,
Other Bids—Thie $30,000 water Gruntal & Co.,
*
1
works bonds awarded on Jan. 7
E. H. Rollins & Sons,
to the First State Bank, of South McDonald & Co.,
y :
Charleston, as %S, at a price of Fidelity National Bank,
Oklahoma City,;
par—v. 163, p. 239—also received
;
v
Boatmen's National Bank,.
the following bids:
'f .■?. ?
■ Int.•« Pre- &;
St. Louis,
r
j;
$3,000 in 1958.
yyNew
;•
1957/ and
Bank
/•
' y yy ^
|y $395,000, 1.20s
Calle&^-W. F. Hobishaw,
follows:
as
to
Stuart
For
v^
1,
1949
tions $1,000 and $500.
."Other
Co., St. Louis,
y
R. J. Edwards, Inc.,
- •/; •
sealed bids until noon on Feb. 4 Kidder, Peabody & Co.,
" ■
for the purchase of $20,000 3% fire L. F. Rothschild & Co.,
Estabrook & Co.,
equipment bonds. Dated Feb. 1,
1946. Denomination...$1,000. ...Due Field, Richards
Co.,
$1,000 Oct. 1, 1947 to 1966. Bid¬ A. Webster Dougherty
ders may bid for a different rate
& Co.,
y,
ty
of interest in a multiple of
of Hawley, Shepard & Co.,
p•
1%. No bids for less than par and
Martin, Burns & Corbett,
$200, payable to the M jointly, -y-'-yl
bonds.; As
school bonds awarded
,
accrued interest. Enclose a certi¬
in
/ Dated Jan.
,
Sewer
Due Jan.
;■■#■! $4,000
Vy
/•;-
Storm
/ Tulsa
& Trust
Board of .Trustees.
1 t2s.
1.20s.
Price Bid
<
as
39,000
re¬
Mercantile-Commerce Bank
comput¬
y..
yyy:y-
Savings
t
Bank, Chicago,
First National Bank, yy;;
/ New York;
Chase National Bank, './'
y
y New • York,
Harriman Ripley & Co., "
: Inc.,
Smith, Barney & Co.,
;
y
,
"
,
8
of
cost
following; bids:
,
Bonds
y
1, as follows: $3,000 in 1949 to
1955 and $1,000 in 1956. ^
11,000 Street Equipment bond3.
; For
$10,000 maturing $2,000
Jan. 1, 1949 to 1953, as Is and
$1,000 maturing Jan. 1, 1954',
;
price
a
interest
net
a
1.1507%—v.
ceived
ing these indices,
fied check for
22,000 Fire Station and Equips
y .ment bonds as iy8s. Due Jan.
22,
a
Trust
spread of only .30%: in
yield between the high grade in¬
dex and the lower grade index is
the
least such such spread has
Prcurie
;
certified check for
a
Harris Trust &
been since we have been
Dec.
syndicate headed by Lehman
Bros., and the Chemical Bank &
grade bonds
of; 1.43% to
yield
a
■y'." 000 in 1953 to 1956, and $500
/in 1957, as iy4s.
•
,
authorized
on
Oklahoma City Sch. Dist., Okla.
Other Bids — The
$1,500,000
yield of 1.11% -to 1.09% while the
index
were
2% of the amount bid.
considerable
index
,
offering the
held
-
.
,
and accrued inter¬
election
1945. Enclose
Advance—
yield on 20 Ohio bonds rose from
a
yield of, 1.27% a week ago to
1.24% today, v The index for 10
high grade bonds rose from a
a
were
system bonds amounting to
$126,500 was
4,529.00
IV2T0
.
at
Mandan,N.D.
Again
Co., Cincinnati,
to
strength
bonds:
L-— l*/4%
lVi%
1. A. White & Company—
Weil, Roth & Irving
Bond
of
the
pay par
the
at
l,(f62.50. purchase of $200,000 3%
building
Lewishurg, Ohio
issue
ing to
ported on Jam 16 as follows*.,
[ The .Ohio municipal .market
/>".•
••/
Company,
jointly______ 1*4%
Pahey, Clark & Company, and
First of Michigan Corp.,
: ; ;
jointly
1 *4%
Ryan, Sutherland &
.
Lakota, N. D.
Bonds
Prices
Bond
Toledo,
Int.
Rate
Company
Bank, -Chicago, ;
- J
For V/zS ———2——101.038
to
1955.
est,-These bonds
-
.V-
\
Bidder
...
Harris Trust & Savings
to
,
'
due $50,000
Award will be
are
lowest rate of interest and agree¬
(State of)
J. Ar White &
Jan. 21 for
on
of
,
Fostoria, Ohio
Ordinance Passed
f. "h
Bond
Indep. Sch. Dist No. 1,
North Dakota
Sale—An issue of con¬
1949
made
\ • *"• ;. Village Clerk, called for payment
on Jan.- 1, at par, all outstanding
/Delphos, Ohio 11-/-I.-- None
The 'Commercial. Bank, ;
1945,
general
election.
Dated
April% 1,.:1946. Denomination $1,1
DAKOTA
in
—100.17.
Ohio
,
*
by
the
ment bonds.--
for 1V2S
A.M.
$1,000. These bonds
Co., Cincinnati,
Ryan, Sutherland & Co.___ 127.00
sper
called
submit to the voters the
435,000
& Trust
f
been
inclusive.
follows:
as
Price Bid
:
.
cial: election
1950
J. A. White & Co., for 11AS-100.048
Provident Savings Bank
& Trust Co^.—153.10
;'///
*■Kinston,N. C.;Special Election Called—A
to
were
Bidder
!
t
Braun, Bosworth & Co.— 813.00
J. A.
Council met in
1947
bidders
11
purchase
$350,000 county
fair facility bonds, for not exceed¬
ing iy2% interest. Denomination
) Bond Offering — Grace Lamb,
Township
Clerk, 1 will
receive
Co.-„$910.00
Hayden, Miller & Co.---.... 880.10
Durham? N?C.
from
,.
Offering—A. G. Vadakin,
County Clerk, will receive sealed
bids until
$158,000 ma¬
turing Jan. 1, $12,000 in 1040
1961, $2,000 in 1962, as iy43,
J
and $56,500
maturing
Jar^,
1, $10,000 in 1962, $12,000 in
1963, and 1964, and $22,500
in 1965, as V&S,
y ^
17,000 Library Improvement
;
bonds. For $10,000 maturing
$2,000 Jan. 1, 1949 to 1953,
Is, and $7,000 maturing Jan.
1, $2,000 in 1954 and 1955, and
$3,000 in 1956, as iy4s.
•
24,500 Park Improvement bonds.
For $12,000 maturing $3,000
Jan. 1/1949 to 1952, as Is, and
$12,500 maturing Jan. 1, $3,to
,
Oklahoma
the
1957 to 1963, as 1^3.
water works improve¬
ment bonds. For
election
Bond
Nov.
| Premium
•
-
City
1,
Other
the
at
$6,000
1,
214,500
net
a
•
>;
$500, others $1,000
on
Jan.
National
Garf ield County (P, O. Enid),
/;
1.14%. Dated Nov. 1, 1945.
due
First
on Dec. 4.
The next highest
bidder Was the Small-Milburn Co.
Co., of Cincinnati, fas
par plus a premium ;of
$21.21, equal to 100.326, a basis of
are
the
f
,
on
held
to; Fox,
&
bond for
to
maturing
1, 1949 to 1954, as l'^s,
$12,000 .maturing $6;000
Jan. 1, 1955 and 1956, a$ l4^s,
and $42,000 maturing $6,000
and
;
3246—were
p.
authorized
were
ly4s, at
One
162,
$36,000
Jan.
interest cost of 1.17%. These bonds
Twp. (P* O. Columbus), *.
' Ohio
Stranahan-Harris &
CAROLINA
awarded
11^-v. 163,
awarded
1%
bids, all for
follows: y
"
the
Reusch
Jan.
on
119—were
118—were awarded to the Old
clusive.;; Other
M Plans Utility Issue—On Jan.
,
8—v.
Bank, of Oklahoma City, at
The
0.78%. Dated Feb. 1, 1946.
These
bonds are due $5,000 on May L
and Nov. 1, from 1947 to 1956 in¬
•
NORTH
p.
163,
12—v.
Delphos, as Is,
plus a premium of $1,280,
equal to 101.28, a basis of about
Bankers Trust Co.,
; /New; York.-
May.
.yv
1.39%.
Jan.
on
at par
.
„
.
Enclose
cost.
own
check
National Bank of
were
.
Bidder
1945.
bid
fered for sale
Bank,
July 11, 1946.
6,
Delphos City Sch. Dist., Ohio *
Bond Sale—The $100,000 gym¬
nasium and equipment bonds of¬
tax
.
;Nov.
for, payable to the
Treasurer, Board of Education./
anticipa¬
tion notes amounting to $1,300,000 and offered for sale recently
5
certified
a
amounting to $2,962,000.
Utica, N. r.
;
on
are
the gen¬
at
Purchaser will furnish approving
23 for
Jan.
on
different rate of interest in
a
multiple of V4 of 1%. These
a
sealed
office, 625 Madison
Ave.," New York 22, N. Y., until
10.30
fered for sale
coupon or
its
at
Canton, Ohio
Jan.
\ Bond Sale—The $6,500 street
improvement equipment bonds of¬
Jan.
;'/■ York, N.
I Bond Offering—William L. Fan¬
of
North
For
system bonds offered for sale
elec¬
an
tion to be held sometime in
each. These bonds
Park
District Clerk, will receive sealed
bids until noon on Jan. 30 for the
The State Insurance Fund *>f New
Fund
submitted to the voters at
about
Exempted School Dist.
(P. O. Cincinnati), Ohio
Bond
Sale—Albert L. Holmes,
tax State and local bonds.
Insurance
improvement bonds
amounting to $2,100,000 will be
Deer
local
obligations,
is
most
gratifying., This must have come
as a surprise to those in Federal
circles who have always counted
Justices Douglas and Black as in
favor of constitutional power to
and
OKLAHOMA
Edmond, Okla.
Bond Sale—The $170,000 water
of
sue
light and power system bonds
amounting to $77,000.
State
of
Ohio
Village
Justices
erate
of
Bethel,
ari. To find in the Saratoga case
"
! Bond Election Planned—An is¬
.
announced
that
Marion School District, Ohio
y; •/: \
Beachwood, Ohio
v
Refunding Bonds Purchased—
/
Co., *
Corp.,
York, /
F. S. Moseley &
^ y/
Co.,
Stone & Webster and :
Blodget, Inc.,
Merrill
Lynch, Pierce,
Beane,
Paine, Webber, Jackson &
Curtis,
Eastman, Dillon & Co.,
Hemphill, Noyes & Co.,
Fenner &
THE COMMERCIAL & FINANCIAL CHRONICLE
B, J. Van Ingen & Co.,
:V-V
\
■,
194
water
PENNSYLVANIA
Township (P. O. R. D.
Millerton), Pa.
\
Offered
Bonds
—
A.
Sherman
Warner, Township Secretary, re¬
ceived sealed bids until 2 p.m. on
Jan. 18 for the
purchase of $6,000
township registered bonds, not ex¬
ceeding 4% interest. Due March
1, 1946. Denomination $1,000. Due
$1,000 Sept. 1, 1946 to 1951. Sub¬
ject to redemption at any inter¬
est period upon 30 days' notice.
No bid combining two different
rates will
interest
be considered.
Enclose
certified
a
of the par value of
payable to the Town¬
DAKOTA
—
Chaon,
Edith
until 8 p.m.
on
Feb. 12 for
exceeding 3% in¬
terest.
Denomination $500. Due $500
in
$1,000 in 1955 to 1962,
and $2,000 in 1963 to 1965; optional
on or after Dec. 30, 1955. Principal
and interest payable at the Peo¬
19.9 to 1954,
ples Bank, Conde, or at a bank
designated by the purchaser.
At
or
before
the
issuing of said
bonds, the Board of Education
provide for the collection of
an annual tax sufficient to pay the
will
and
interest
thereon
principal
when due for the entire terms of
years
for which said bonds are to
.
by proper resolution a copy
which will be filed with the
run
of
County Auditor.
The opinion of
attorney for the Board 7 of
the
Education,
as
to the legality of all
proceedings will be furnished to
the purchaser, but if the opinion
of other attorneys is required the
same
will be at the expense of
the
demanding V such
person
opinion. Enclose a certified check
for 5% of the bid.
^ 1
Hand County (P. O.
Miller), S. D.
Bond Sale—An issue
of $85,000
19425
Borrowings
$470,897,167
234,909,662
175,741,355
342,440;313
404,000,156
'
—k
r
259,481,836
181,264,29?" *
434,509,900
477,764,723 •
195,079,000
'
—_
•-
—
952,615,173
1,234,916,402
1,125,901,000;
518,105,273
* .757,151,679
930,822.000
In connection with the
for
above totals, and all similar figures
-
of
Bank
Miller, jointly, as 1.30s, at a price
of 100.40, a basis of about 1.237%.
Dated Nov. 1,' 1946. These bonds
are due on Nov. 1, from 1946 to
1960. The next highest bidder was
Hand County
State Bank, Miller,
for 1.30s, at a price of par.
.
.
Nashville, Tenn.
Bond
Sale
—
The
;
following
bonds amounting to $1,750,000
for
offered
sale
on
Jan.
and
15—v.
163, p. 118—were awarded to a
syndicate composed of the Mellon
Securities Corp., of Pittsburgh, R.
S. Dickson & Co., of Charlotte,
Graham, Parsons & Co., Francis I.
DuPont &
Co., both of New York,
Pliiladephia, and
R. Compton & Co., Inc.,
Bioren & Co., of
William
,
of New York:,
water
works of 1945
bonds, at a price of 100.015, a
$250,000
(Continued on page 367)
$794,740,667
33,795,481
—
For-the
638,909,818
435,223,191 i
1943——17,378.044 !
1942-—18,393,308
523,704,607
1927——111,025,235
194U-—
952,615,173
1926_-Ui>_---
144,878,224
1,233,706,974
1925----—^---
157,987,6.47
1940——.-—
61,257,542
202,531,474
,
;
.
1928——
1,414,784,537
149,428,822
.
1,509,582,929'
'
!
1,365,057,464
,1,399,637,992 '
1939—; 90,115,445
1,125,901,000
1938^—_——
141,269.610
1,099,757,500
1923
85,222,370
96,994,934
902,307,162
1,117,351,518
1922
1921
1,220,150,007
m0^---——_
55,476,631
939,453,933
1919--————
62,082,923 : -
691,518,914
520,478,023
1918———
22,953,088
1937
——
1936—
1935—
—' 433,567,228
1934-———121,702,118
1933———
:
'
45,217,320
1932—117,952,271
1931—————
1924—.,———
220,466,661 "
—i—
•
'
1,208,548,274 V
683,168,255
;
1917—32,559,197
1,256,254,933
.
V
66,049,400
;
296,525,458 '*
451,278,762 '•
1916-^Tr_i.k—;;
849,480,079
45,760,233
1,398,953,158
1,063,119,823
1,100,717,313
93,682,986
113,645,909
—ll—
;
457,140,955
: ;
3.5,779,384
;
t
NOTE—1943, 1942 and 1941 totals do not include bond exchange programs offered J;
of Philadelphia, Pa., in those years.
The 1940 aggregate, does pot include
private placement or $309,664,300 New York City corporate stock in connection with
acquisition of private transit systems.
_,
.;
■
T-by
City
The monthly output
«
of State and municipal bonds in each of the
years 1945 and 1944 is shQwn in the following table:
1945
;
—4—
14,703.091
February
March
——V'
—
66,450,540
31,454,008
34,020,196
44,560,023
—
——
November
" $18,336,816
108,136.600
——
-
December
82,195,838 ^
Total
1
$794,740,667^ $638,909,818" ^
-k—•
Average per
month
•
>*
-
,
53,242,484 !.
66,228,383
•—
The total of all United States municipal loans
put-out during .the '
calendar year 1945 was $1,337,122,249, including $794,740,661 of new f
issues of long-term bonds by the States, counties and minor civil
|
States, and $542,381,582 temporary municipal :
its Provinces and munici- :
palities (not including temporary issues) totaled $3,191,573,749.
In
the following table we furnish a comparison of all these forms of i
securities put out in each of the last five years:
divisions of the United
loans negotiated, v Obligations of Canada,
1945
.
loans
1943
794,740,667
♦Temp, loans (U. S.)
542,381,582
638,909,818
481,874,992
1942
^
...
^
(U. S.)
Canadian loans
'
1944
S
Perm,
$'
1941$
'
'
523,704,607
952,815,173 '
686,865,385;1;130,138,301 1,424,106,245 »
435,223,191
1
>
'
< ^
'
CanadaH3,141,555,749t3,195,*783,345*2,823,246,02852,338,373,944
(permanent)
\
Placed
in
Placed
in
Bonds U. S.
U.
S.—
50,018,000
-
Poss.—
21,103,500
21,700,000
5,000,000
i
90,000,000
None
None >
-
1,500,000
-
.
^
Total
4,533,695,998 4,359,371,655 4,035,334,604 3,992,716,852 3,258,906,906
;
——
*lncludes
temporary securities issued by New York City as follows: $145,000,000r>
in 1944; $243,000,000 in 1943; $202,000,000 in 1942 and $237,- i
([Includes approximately $3,000,000,000 Dominion war loan borrowings.vi
tlncludes Dominion war loan borrowings in amount of $3,077,476,350.'
^Includes $2,« *
692,260,750 Dominion war loans.
§Include$ $1,989,003,300 Dominion war loans.
in
1945;
$160,000,000
Following Is
a
list of municipal Issues sold during November;
Name
Page
Alachua
2441
•:
2564
County
Special
Maturity
Rate
Road
.and Bridge Dist, Ne. 1 Fla.—l1^
Alexander City, Ala.—^-.3%-2l/a-lVi
.
Amount
.
Price
.
Basis
r
'
101.05
rlOO,000
.
.
1.36
•' ' '2.07
'
V
.
;
.
f
\
'
,
?
—
—
;
/
~
(TJ.
loans
41,293,742
-';7 1,850,000
71,445,395
7,200,000
None
"
__
None
Placed in Canada—1
of
U,
Total
——
None
None
None
2,520,492
None
,
None
temporary securities
2868.
•
None,
.None
93,330,395
41,544,617
Center Township Sch. Township,
Ind.
-l1/*
issued by New York City: None in November, of
' *
; -
issues made during November were 133 and 149, respec¬
tively. This contrasts with 123 and 135 for October.
,
For comparative purposes we add the following table, showing
,
aggregate of permanent loans, excluding Canadian and United
Possessions issues, for November and the U months for a
11 Months
November
$41,293,742
—
1944
71,445,395
_
1943
36,854,360
17,016,303
1941«_«_,
1939
69,817,163
77,507,257
.*,
1940_:_._„
80,095,136
—
Month of
For the
of
'
-
" "
'•
1938
157,885,225
1937
47,306,174
-•
$712,544,829
605,114,337
417,845,147
505,431.074
891,357,631
1,031,175,500
1,035,785,555
958,487,890
817.Q84.792
November
V;-
For the
11 Months
".
V-,;.
municipal bond financing and a comparison of the monthly output in
the years 1945 and 1944.
The record of specific issues brought out
in December, 1945, is given further on.
" f
■
1943
17,378,044
'
1942
18,393,308
.v
2565
2565
2565
2316
2696
2696
2696
2696
2442
2603
2316
2316
2446
2446
2568
2567
2564
2869
2869
2443
December—:
1944
2568
22565
2319
presented herewith for the month of December,
extended record of the yearly volume of State and
1945.
.2695
1941
2693
2696
Perm,
munic.
loans
(U.
♦Temp, munic. loans (U.
Canadian loans (temp.)
S.)
S.j
82,195,838
51,965,000
75,000,000
Canadian loans (perm.)—
Placed
Placed in
Bonds
of
41,788,355
Canada
in
U.
U.
Total
♦Includes
w-
2,039,000
Possessions.
None
S...
S.
——
252,988,193
33,795,481
5,400,000
None
79,617,500
55,000,000
{..
165,256
9,430,477
None
None
None.
' None
.
61,257,542
46,445,245
90,000,000
81,709,357
90,0p0,000
1,686,231
None
None
353,423
None
None
39,360,737 161,426,021 156,524,784
.
233,320.322
2693
2443
2567
2441
2695
2568
2693
2869
2320
issued by New Yprk City in December: $40,090,000
1944; $25,000,000 in 1943; $25,000,000 in 1942 and $30,000,000 in 1941,
temporary securities
in 1945; pone in
municipalities emitting bonds and the number
of separate issues made during December were 158 and 172, respec¬
tively. This contrasts with 133 and 149 for November.
The number of
—
*
1.17
—
"
,
T
10,979
-i—
County, Elizabeth Sch*.;
.
—
.
—...
.
36,663 —— "
,
J946rl965
---1-1(4
l(4-lVa
1946-1959
Clinton, Tenn,
.3-1 (4-1(4
1946-1964
ColWyn, Pa. i———1950-1960
Concord, N. C.
———1(4-1 /
1947-1960
Concord, N. C. ——------—1(4-1
1947-1961*
Concord, N. C. ——-——1(4-1
*
1947-1962
Concord, N. C. —————1(4-1
:
1947-1961
Dakota County Sch. Dist. No. 76,
.
v
>
;
:.
750,000
100.01 "
250,000
175,000
20,000
100.01
1.43 'i
100.08
1.45
—-1-'!
.112,000
-,,
30,000
.
«
■
100.09 Cv
30,000
.
1.40
1.08 V
-100,09
,
100.09
1.08
I
100.09
'
85,000
1.08
l!o8
*
,
4.0C(b
1,000,000
Tex.
—
—
—
—
--l.lOV.^-v
1.10 W
1.10
1.10
.
1946-1965 :,v
'it' 98.33 t 1.26 t
Dallas, Tex.
1*«4H-1"65 ; 77 500,000 V
98.33
1 26
Dallas, Tex.
1946-1965
1,290.000
'
98.33,7
126'
Dallas, Tex.
1946-1965 ..7
1,000,000
"7 98.33
1.26 r
Danville Independent Sch.; Dist.
> /■
7.;-7:::''7;77'=.,;,
;
No. .5, la. '—1(4 '1947,1956
24.000
100.10
1.46 •
Darieri, N- Y.
—1.20
1946-1952
7 9,500
100.127
1 17
Deer Creek Township, Minn._l-.3
' ——L—^
15,000
—7.
Detroit," Mich. —
—1 -771946-1950 :, 7 1,500,000
100.19 -1T&2
Duncan, 0kla.
77; 1948-1965
212,000
Duncan, Okla.
!—
1948-1965
125,000
Z'7"'
,7
Edinburg, Texas
2%
1975
777 400,000
Everett, Wash.
——-1-1(4
1947-1956
; 910.000
j
Fairview, Ohio
2(4 ...f; 1947-1956 23,000
100
2.50
Fargo
Consolidated Sch. Dist.,
;;i>77
-,
7* 7"7
m
Ga.
———
1946-1970
27,500
Faribault County, Minn.—ki.'-—1.20
* ^0C1-10^5
lS.noo
100,10
185
Faribault County, Minn
k—1 *
1947-1956
25,000 r 100.32 v": 0.9^
Fayette, Miss.
- -1 •
■■■■? .■■■■[■.
4
O
U—'--7t ■'
r.
Floral Park, N. Y. .———
0.90 ; j 1946-1950
14,000
100.04
0.88
Freeport, Tex
._3-2V2
1946-1965
750,000 7 —; vL_-Fuquay Springs, N. C.„_k—-2-l3/4
1947-1970
55,500
100.15
1 82 "
Greenwood, * Miss.
1(4
1946-1957
150.000
100.31
1*08 Guthrie, Okla. _—
—
1(4
1948-1965
164,Q00
100.09
1.24
Hardee County, Flft, -^———--2.20
'
)
100.27
2.18
Harriman, Tenn.
1^4-1(4
?®f7"1965
220,000
101.27
1.59
Harris County, Tex.--—————1 v
1946-1949
r21O,00O
100
7- 1>00
Hendersonville, N. C.
1947-1963
r622,000
100 2 46 >
Hennepin
County Independent
Sch. Dist. No.-24, Mipn
—1.20
1948Hidalgo County Water Control
& Improvement. Dist., No. 11,
Dallas,
■
.
,
—
,
„
—
—
—
,
,
.
,
.
.
Tex^
-4;:
1946-1968
County
Special
7 Road and Bridge Dists., Fla.__l.9d
1963
.24417 Hillsborough
County
Special
Road and Bridge Dists., Fla.__1.90 7 1963
2441
100.58
5,000
110,000
■-
Supervisors
Dist., N. C.
Clinton, Tenn.
1.50
,
106,000
-
>
1948-1964
Minn.'—---—
Similar data is
an
Cleveland
*■:
,
1936—
—$64,855,702
$1,020,356,584
1935
112,713,762
1,086,582,869
1934_
—
92,091,301
f: - 817,751,815
1933-82,680,536
475,260,703
1932__^>-._—. 29,588,884
731,527,808
1931——-T 54,364,707
1,210,494,700
1930
—
88,682,310 "
1,300,540,012
1929-—;
84,687,874 V 1,139,822,962
.
1947-1960
'
-
Dist, No. 5, Miss.—..^.3
Clarksville Sch. - Town, Ind——1%
.2695
of separate
2
100
143,000
,
Road
2565
number
,
Township,j Minn
Cherokee, Okla.
Chickasaw County
2442
..
-
.
Chatham
10,000
'■
"
/
r
2316,
.JS871
:
Township School Corpo- -
.269L
26,966,303 187,075,334 ,2892
The number of municipalities emitting bonds and the
the
Canoe
-ration, la.
2564
Carmi
Township High
School
District No. 110, T1L.„;
—
43,143,742
of the above years,
any
None
None
*
None
———
—
♦Includes
17,016,303 69,817,163
9,950,000 114,737,679
'
Possessions
S.
.
r
8
Territories
36,854,360
4,690,257
None
14,685,000
S.)—
S.)—
(U.
Placed in U.
and
•
;
—
Bonds
■
.
*
1954-1955
;
-
'
loans
Canadian— "
*
;
880,685.488
'
None
500,000
■
■
1^45
♦Temp,
;
;
33,795,481
.
;
'
65,224,292
£
71,445,39$
41,293,742
159,854,766,
50,358,290
July
August.
$46,882,703
$ 67,222,795
October
.24,742,561
16,669,200
36,773,714
J—-
September
36,599,632
1944
1945
.
$38,636,871
,
173,983,899
49,084,535
AprU ——t.
May
June
1944
$121,231,497
i-
January
.
Permanent
:
■
',12 Months
1930__„—$186,773,236
$1,487,313,248 1
1929
290,827,938
1,430,650,900 ;
December
.
,
together with
TENNESSEE
1944_
*
i
..
_
series of years:
'7-,
Month
National
$82,195,838
''
>
Month of
<
,
public auction on Dec. 21—v. 162,
p. 2872—was awarded to the First
National
Bank, of < Minneapolis,
First
For the
,
1946-1955 :
,400,000 ^ ' ———
dealers.
■7.>7 777
2318
Anderson,
1948-1967
100,000 > ———
1947-1966
'
90,000
i—*
J
Moreover, the totals exclude old bonds that re-appear in the 2567 Aurora Local Sch.* Dist^, OhioiL."
W 1950-1964
4,650,000
100.55 -^ 0.94
market in consequence of portfolio sales by banks; insurance com¬ "2316 Baltimore, .Md.' ———k.—i-t'
2316
Baltimore, Md.
—,1 1950-1964 ^
3,000,000
100.55 i
?0.94
panies, et al, and public trust funds.
Such operations, it may be 2316 Baltimore, Md. —:
1 V
1950-1964 I ; 3,000,000
100.55
0.94
»—__l
V, j. 1950-1964
added, were extremely heavy in recent years, with the proceeds 2316 Baltimore, Md.
1,100,000 ;
100.55 '
0.94
2316
Baltimore, Md,.
I
1950-1964 :
800,000
100.55
0 94
usually being employed by the seller in the purchase of Treasury
2316
Baltimore, Md.
—1
1950-1964
500,000
100.55
0.94
securities offered in connection with the various War Loans and the
2870
Barney Township, N. Dak
1%
1947-1958
12,000
100.28
1.71
more recent Victory Loan.
2317
Bath Local Sch. Dist, Ohio
1V2
1947-1967
125,OOfr
100.89 1 i H'AZ
^
1965 •
;
/
10,000 •
♦
Returning to the results of market operations in November, the 2446 Bay -City, Ore,.*.—-.-.
2318
Bishop, Texas
5
1946-1958
' d25,Q00r
101.04'
1.87
following is a comparison of the various forms of obligations disposed 2508** Mismarck
Special
Sch.
Dist.
%
...
: r
of during the
period and in the preceding four years. Further
; No. 1, N. Pah.—_iy4
'
1946-1965 ;
300,000
100.11;
1.23
v
-.k*
r!3,500
■
below, we list the individual bond issues placed during the recent -2694-;Blakeleyi(' Par>1^———;
.2691"" Bloonaington, Ind.
>1
1947-1959
rl25,000
100.18
0.97
November period.
2565
Brentwood, Mo.
—lJ/a
'
60,000
k.—«
November—t
———
i •
2568* Cameron
County
Water
Im1945
1944
1943
1942
7
1941
'
provement Dist. No. 11, Tex._3 '
*
84,000
^ tjV
-1
,rC »/,'V y''rl I ''' 1 r
»}
\ G
'
'
' • < $
*
'*
^ '$
' '
' ' $
v«*\ •OT* $
States
the
1945
'
,.;.r 12 Months
500,000 in 1941.
hospital bonds offered for sale at
and
,/.
December
.
made clear that they represent only bond
municipal taxing units toitprivate investors
and do not embrace ioans placed with any Federal agencies.
These
latter are included in our. tabulations only when they have subse¬
quently been re-sold by such bureaus to investment bankers and
the purchase of $17,000 construc¬
tion bonds, not
New Capital
$323,843,500
435,223,191
-
,
3
'
that matter, it should be
issues sold by States and
District Clerk, will receive sealed
bids
'
523,704,607
-
1940
Sch. Dist., S. D.
Offering
-J——.-
-
—.
1939-.-,
Bond
1-—
—
—
_____'
:-*v
Refundings ~
'*
'
Grand Total
$794,740,667
,
,
1943...
1942.
SOUTH
.
638,909,818
•
.
;,Vv.'^;i!
Month of
;
:
,
v'\i'
T
'
.
.
1945....,
ship Treasurer.
Conde. Indep.
:
V
"•
■
Year—
check for 2%
the bonds,
'
1
The approving opinion of Owlett,
Webb & Cox of Wellsboro, will be
furnished.
long-term
t.
financing by States and municipalities
amounted to no more than $41,293,742 in the month of November,
the output was approximately twice that in the December period,
when the disposals reached $82,195,838. For the calendar year 1945,
the record reveals that borrowings aggregated $794,740,667, this being
the largest total achieved in any of the war years and contrasting
with sales of $952,615,173 during the peacetime year 1941. 7/;*?'
Awards in subsequent years clearly evidenced the influence of
World War II conditions on municipal financing, the totals for the
respective periods having been as follows: 1942, $523,704,607; 1943,
$435,223,191; 1944, $638,909,818.
Nor was its incidence materially less
in degree throughout the recent year, despite the substantially larger
aggregate of financing in that period. For as the record shows, ap¬
proximately $300,000,000 of the 1945 output of $794,740,667 was con¬
centrated in the two months of January and March, when borrowings
attained proportions that sharply belied the average monthly degree
of activity.
Thus the sales in January, for example, footed up to $121,231,497,
largely in consequence of the placement of a $75,000,000 issue by
the City of Neto York. And in March when the volume was no less
than $173,983,899, the figure included such transactions as $110,000,000
by the Triborough Bridge Authority and $26,000,000 by the Port of
New York Authority.
■
* 7. '
' 4
Fact of the matter is that although World War U%ame to; a close
in August last year, it was not until the closing month5 of December
that the volume and character of municipal financing was in keeping
with peacetime expectations. In this period, sales amounted to $82,195,838, all but $2,587,400 of which was for new construction pur¬
poses. The latter amount represented debt refunding and was vir¬
tually infinitesimal in comparison with the similar type of financing
consummated in each of the preceding months of the year. '^UjV
This to the contrary, it is a fact that the volume ofjnew capital
borrowing during 1945, as distinguished from refunding operations,
was substantially greater than for any of the preceding war years.
For comparative purposes, we give the following tabulation of op¬
erations during the war years and for several of the earlier peace¬
time periods:
price of 100.01. Interest M-S.
Jackson
v ?
.
...
Although
.
a
►'
x' -'"I,.
system bonds offered for sale on
Aug. 31, were sold to the First
National Bank, of Portland, as 3s,
at
of years:
and for the Calendar Year of 1945
OREGON
Echo, Ore.
Bonds'Sold—The $7,500
:
The following table shows the aggregate of State and municipal :
permanent issues for December as well as the 12 months for a series
Municipal Bond Financing in Last Two Months
Hallgarten & Co., ;
W. E. Hutton & Co.,
;
Hornblower & Weeks,
Gruntal & Co.,
Graham, Parsons & Co.,
;
^
Charles Clark & Co.,
'
D. A. Pincus & Co.,
Cruttenden & Co.,
f
Ranson-Davidson Co., and ,
R. W. Pressprich & Co.,
«! 11
jointly,
For $750,000, 3s, and "
$3,750,000, 1.20s ——~100.018
(Net interest cost 1.3026%.)
Monday, January 21, 1946
id 1,063,000
——
r5Q,Q00
100.17
r35,000
100.17
^
■
Hillsborough
1.87
;
1.87
Name
••
Page
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4457
163
Volume
1946-1961
13,000
1946-1970
1.000,000
100.01
1V4
1946-1970
500.000
100.01
l.JA
1946-1970
2568
Houston,
2568
Houston,
Tex;
——
Tex.
2568
Houston,
2568
Houston,
2568
2443
2443
Iberville
2568
2567
no;
1.42
250,000
100.01
1.42
200,000
100.01
1.42
1946-1970
100,000
100.01
1.42
r268,000
101.57
1.59
1946-1965
2444
2866
Jefferson
A'".'
1947-1956
Township,
Jamesburg, N. J.
3125
Abilene,
2996
Aitkin
3128
3126
116
Ballard,
Sch.
2868
Belt,
Berlin,
110,000
.101.15
1.66
p;'L.-
2696
2867
Lake
2443
Leflore
2693
2868
Fla.
Worth,
13,000
.100.02
43,000
100.03
17,000
100.03
1946-1955
30,000
100.03
0.99
r30,000
100.50
2,95
1948-1956
r242,000
102.10
1.41
850,000
97.20
2,35
150,000
100.54
1946-1965
______
1946-1965
:_iy4 .
LeSueur
County
Independent
Sch. Dist. No. 1, Minn.--_l1/2-l1/4 Logan,. Ohio —_L_i—
'/» '£
2565
2445
2315
___—:
County, Miss.
2444 ; Manchester; _N. * H.
2565*. Manville,
N. J.'
7
2565
«'■
2695
2565
Missaukee
D.
S.
11,000
100.05
1.72
*33,000
100.17
1.73
22,000
100
3j00
14,000
1946-1965
1946-1950
1948-1960
1968
,•
'
*
100.10
1.06
*
S. D;
Montour
County,
2694
Montour
County, Pa.
2568 ;
Moody
y
County
.Independent
isolift&ted
Consolidated ,Sch. Dist, No. .1,
2446
D.
:
S. D.
Dist
.,
Dist. S. P.
Sch.
Sch.
Iberia,
"
-
2442
Oaklawn,
2891
Ogle County
■ ____
3246
2692
2994
Canton
Cheektowaga,
119
Colman,
100.14
719,000
100.27
rl20,000
1.22
1.38
91,000
Covington, Va.
Denver, Colo.
____—_2!/a
Des Moines Sch. Dist., Iowa__
%
1946-1960
rd242,000
1946-1948
250,000
2871
Duryea,
3Va
1945-1959
rl5,000
~
«15,000
:n ■ v. ■
.
1947-1965350,000
100.43
100
2.25
2
'
Special
Bridge Dist., Fla.
reo.ooo
Polk
Port
2568
Port
2692
Prentiss
QvUffs'nkf
—
Fort
,
a
■»
3245
.
-
'119
119
3246
rl7,000
L958,
-
PS,,-
v(.
2441
St. Johns
v
County,
1.26
1.28
1947-1966
80,000
100.02
1.80
Woods, Mich._iy2-iy4
1946-1949
29,000
100.04
1.30
Associates,
1948-1962
90,000
125,000
1.29
For
Guymon
Sch. Dist.,
Harlan Co., Ky.
1-9 yrs.
Okla.___.___
Supervisors
Co.
Supervisors
Miss.
I
3
Sch.
1948-1969
__iy2
6,
125,000
100.12
101.81
1.33
Jacksonville,
La.
1
2696
Sevmour
Sidney,
1947-1956
2866
Jefferson
Jefferson Davis
3247
Kern
Co.,
Miss
Co.,
Wasco
Union
75,000
1947-1971
*47,900
dl25,0OO
2872
Lafayette, La.
2-1 y2
La Feria Independent Sch. Dist.,
;
Tpyq
•'
Q
*45,600;
A
:'
1948-1957
V:£i;;Texas
100.02
1.09
118
Sch. Dist.,
d30,000
100
15,674
100
•
_
Dist.,
1947-1966!
3244
Minn..
-_^_4>/4
Lincoln Co. Sch. Dist., 64, Minn.
Loretto,
2994
Los-Angeles
B.86
■
!
■
60.000
1947-1952
v" *440,000
•
10L52
Dist.,
"LV
'■'vi*- 2443
.,£• '!•!•
1946*1962
County.;
Independent
Dist:,. No. 1,. Minn;—L__1V4^
Sch.
Township Sch. Dist., Pa.LLl
2446;
Stowe
2444
Superior,
'
••
Throop,; Pa.
Toole- County,
Throop;-'
2694
2317
Twp.
:
Sph.
,
'
2692
Wayne,
2442
Western
76,000
".'.'1,35
*37^500
101.42
1947-1973
r49.000
100
1947-1973
rei.ooo
100
1947-1961
T173.500
loo.oi;,.
l.?9
1948-1965
'
90,000 v. "
2.64
100.28
1946-1955
3J/2
1946-1975
1.47
115.000
1946-1950
-160.000
100.15
40.000
Dist., Texas
—
.
Mich.<r_4-—-------_0.75
Wyandotte, Mich./;-__-——___0.75
Yeadon, Pa
—V*
Yoakum Road Dist;,! No. 1, Tex.-lVi
Wyandotte,
2443.1;
2695
2872
Total
bond, sales for November
covering
;
___—
id
149
sepacrate
150,000.
7.500
100.17
1.60
100.86
1.36
(133 municipalities
issues)_____—:—^
2.00 j
320.000
100.03
15,000
101.22
1.07
100.35
1.68
350,000
100.02
2.42
rl9,000
101.75
1.15
1.47
40,000
Co., Miss. ________2'A
!/;/;i4,635
_!214
1%
L'-'i;!': 9.064
2872
Nashville. Tenn.
2995
Natchitoches
La.
;
Neshoba
5,
Co.
Nether
;
Sch.
-
Dist.,
;x
Providence
Pa
Providence
-l'/a
Dist.,
.i——-3
Twp.
Sch.
—
1 y8
Twp. ' Sch. : ...L
Dist.,
Sch.
New
Brunswick,
N.
New
Brunswick,
N.
0.69
3128
Newport, R. I.
2997
New Providence Twp.
2997
100
27,500
;
7,880
1946-1970
315,000
100.38
315,000"
100.38
V
100.28
.1.38
1946-1970
1,
—1.40
1.06
0.89
100.07
1.12
100.16
N.
•P
v..
kv.
1946-1959
50,000
———1
-———1
1946-1956
1946-1956
83,000
100.05
0.99
14,000
100.05
0.99
——__^_l^:'y
1946-1970
386,000
1946-1965
210,000
100,21
;;;* 935,000
100.01
1.55
38,000
100.77
1.30
Y.
J.
J.
Sch. Dist., *
—1.60
J.
Y. ,-ip
Authority,
——-—-—various
119 " North East Twp. Sch. Dist.,
2995,-vOlney Township, III
;
«.
I
1948-1978
Pa,_l3i
21,<.
(Continued
.
1949-1967
v
1*10 yrs.
oh page
•-
368)
'
110,000
>
>
Halsey, Stuart & Co.,.
;
Blair & Co., Inc.,
j
Stranahan,,Harris & Co., Inc.. r
First of Michigan Corp.,
Nashville Securities Corp.,. / !Y
First National Bank,
/.;• Minneapolis,
and
.
First National Bank,
I
"
n
V
St.: Paul,
jointly,
»
^'"Y.
For $16,000, 3s, $8,000, % :
^
l%s, and $226,000, Is—.100.006
Chemical Bank & Trust
1.09
"V.c;..
New York City Housing
N.
Cent.
YI.,.r
jointly,
For $16,000, 3s, and
;! '=
$234,000, Is
___.100.00
(Net interest cost 1.0346%.)
For $100,000, 3s, and
.
,
'}
: $1,400,000, Is
——.100,00 I
(Net interest cost 1.0365%.) //
(Net interest cost 1.0451%.)
For $100,000, 3s, $50,000,
13/4s, and $1,350,000, -ls__100.067
(Net interest cost 1.0439%.)
100.15
...
—l'/a
Pa.
400,000
'vL
Dist.,
Supervisors
Miss.
Nether
25,000
„i_l%-iy»-2
Parish
2996
Optional.
k Not .• Including $1,850,006- temporary loans br funds obtained by.
municipalities ;tram?agencleS rOf 'tlie ^e^eral X3overnment;. r Refunding bonds,!
States anct
1.37
TocT~
HOiOOO
1 to 15 yrs.
1948-1967
2996
100.15
k$41,293,742
65,000 ;
*39,500
1946-1955
1_
42.000
~—,—
200.000 *!
1946-1960
Newcomb.
150,000
;
1.46
Milroy Sch. Dist., Minn.___'—
l'/a;
Montezuma, Ga.
_______2Va
i
__-LL
100.12
1946*1965!
Iowa
2997
'
1950-1970
1.46
1.000.000
1946-1969
Sanitary Dist., No. ■:&
;
1 Mi-l'A
___1 J/4
Montgomery Co., Miss..——
Monticello, - Miss,
3128
1.46
100.12
1957-1962
Mass.
Montgomery
2998
p
L4
116
116
1.79
100.12
900,000
1947-1958
Texas
%
tl,000,000
Miami, Fla. ________________various
50,000
1946-150
1.23
3~00
102.18
1948-1958
Dist.,
1946-1975
La.
Calif.
Marshfield,
5,
Ohio
u_lr%
Winn Parish Sch. Dist., La—__
;
Winnsboro
Independent
Sch. v
2443
Marin County
•
2.64
—3-1V4
Dist.,
■ -
Dist.;
Sch. Dist., 127., 111-2
Ky.
Marshalltown,
3245
1947-1964
Parish Sch. D^t..
Sch.
Madison Co.
Manchester,
116
■
——.—--SV^-lVa
.
rMcCamey Ind.
115
V2
Park
1949-1964
2996
C.;i-2_r_:___-4-21/2-23/4
C.;'L'_i:L_i^-4-2,/z-23/4
Mich.
Springs
1951-1961
3124
::r
West. Union,
2320
120
1,
100.52
2446
2564
of)
1947*1961
3125
West Feliciana
•x
(State
2996
2316
1,
Louisiana
75.000
.___lV4-iy2
lVi-l'/a
of)'
2994
• ■
1946-1963
100.16
Yoo~~
23,000
1947-1966
of)
(State
100.28,
375,000
'Dist.,
111.
No.
(State
116
l'/a
N.
Warsaw, N.
;
1.38
Louisiana
^Louisiana
3125
reo.ooo
Sch.:; Dist.V No.
r6l,000
rd48,000
•
;£N'"
4-iy2
3125
2 199,000
23,.Dre.;;L-r--_L;---l--LI-.---;;;;:,
'•
tft'.plvs
County,
Ranchito
Cal. _________2
Dist.,
3125
V: 35,000
1947-1965
125,000
;■.'2693W'Warsaw,
2693
75.000
7,946-1955
Monts—_____L--l1/a
2694.--Van
Buren
Ohio '
v
'A*
Sch.
3125
Pa.L'_L__----———r-3ta
County
Union
'2568
■;:
■
"!v;:
:.r54,000
-1 '.4
—
Tex.'. •J_-_--l3/V-o w»
_____r"__
3Va
v
2694
v
'
i
Neb.
Terry-• County,
2320
r
v
24,000
:
<1200,000
"'
1947.-1951
r35,000
1947-1965
3
Minn.
an<i
Blewer, Heitner & Glynn,
101.19
.
1947-1963
1947-1963
Ohio ——2
Stevens
2692
.
,
.
-
101.08
.V;; ^r300.000
100
Stonewall County Tex..--___2-2Vi LV;.1946^1957
1946-1957.;... 56,000
So«'thfield Township Sch.. Di.=t.,
'
W
;vv.-.v .:
I946rl950
40,000
--L 100.06
>: No. 8, Mich..'L-— 1V2 -1 V\ i:
Solon.
^256T
"V 2696
1
_
1946-1955
1946-1955
1950-1969
—1950-1969-
—
Barrett, Fitch & Co.,
I
.;•!:!
100.22
d3Q,000;
1946-1962
65,
No.
dl25,000
1948-1974 !
Ohio
Lincoln County Independent Sch.!
; Dist., No.
1, Minn.
!____!'/a
Lincoln County Independent Sch. 'ii#
2996
100.10
100.03
,y
——,jL__—
2996
47.000
97.20
1946-1965
2996
81.000
r24,000
:
10,000
2.40
Texas
Lewisburg,
-
1946-1950
40,000
•
'r 850,000
1946-1965
1947-1950
Mont.
Laurel,
Equitable Securities Corp., v'. h\
Glore, Forgan & Co.,
/'
Milwaukee Co.,* '
;
;
Harvey Fisk & Sons.,
,
<
• •. " ■
Yoaio
V*
—
Levelland Independent Sch.
2872
20,000
100.000
■
LaPorte Ind.
116
250,000*
L
,1946-1949
Lake
Lapeer, N. Y
2999
100.06
1947-1962
v*'.y •! *•'»•••'
•■'*'*•!.' •'%'
Worthr~Ka"II—III'
2867
7,000
100.01
5,000
Konawa, Okla.
2995
f:
>
14,000
1948-1952
0.95
Calif.
Dist.,
100
t; //
,
(Net interest cost 1.01722%.)
For $150,000, 3s, and »
v V
f $1,350,000, Is
100.047
(Net interest cost 1.01605%.)
-98.88
275,000
;
Sch.
3127
1947-1961
—vViL-—•
Ohio.
100,000
Jefferson Co. Rd. Dist., 2, Tex.—IV*
69
independent Sch. Dist;,
Texas
175,000
1943-1957
___3ya,
Ala._.
County,
45,000
1947-1966
I
..
_
10,000
20 yrs.
'
.
30,000
1948-1952
Dist., Okla. __iy4-l
——__-__-4 V-;
Texas ——^'A-l'/i
Hominy Sch.
Iota,
,
Blodget, Inc.,
I
/
F. S. Moseley & Co., and
i; ;
A. Webster Dougherty
I
!/ & Co., jointly,
For $24,000, 3s, and
V
'
!
$226,000, Is
100.01;
1.23
!!■ (385,000
"
2871
12,000
1947-1975
IV* '
Dist.,
v'V'//!;:/Y;YY. i'i'T.'''•
Lehman Bros.,
Stone & Webster and
No.
-Mich.'. ;_—
2998
Blyth & Co.,
Dist.,
—
Township
,
2.30
12,000
.
s
'
,; 150,000
3
—
'
'
"
$1,500,000, Is
100.043
(Net interest cost .9974%.)
Dist.,
Hennepin County Sch. Dist.,
v-vvv' 128, Minn.
118
Hillsboro, Ohio
Homer
Smith, Barney & Co., and
1.15
rl5Q,000
1946-1970
2ya
Co.
Miss.'
/!
2%
—
Harriman, Tenn
3,
1.09
;
101.30
Texas
Harrison
New
100.02
Guymon, Okla.
1,
1.43
50,000
Grosse Pointe
'
Corp.,
York, and
f
>
•. Associates,
!v
/
For $250,000, Is
100.001
(Net interest cost .9999%.)
*
0.98
rd48,000
Giddings,
'Harrison
Union Securities
1.19
100.14
9,700
3246
FlU.;v.-Ll-—_1 V2
100.40
100.09
/175,000 !
—
200,000
_-_-_'L"___'_-L__3
Texas
12,500
1,368,000
1947-1960
N.
Ohio
1950-1959
—1tr-i*
Yii.
1948-1964
Gates
.v.f*
County
Supervisors
2. Miss.
3
0~.72
Y00.01
_iy2
—__2y2-l3/4
Gastonia' Township,
1951-1962
1*A
2-1 Va
Nq.
Rockwall,
2696
100.04
TOT.47
C—1 y2-l V*
2870
Mills,
~
Memphis,
■
Eldredge & Co., and
Webster & Gibson, jointly, >
;
For $250,000,
Is
100.018
(Net interest cost .9989%.)
1.90
65,000
400,000
.-"Okla.
Y
Co.,
,
rll7,000
-r
Ind.
p 5 ':
Fla.
.;
—1.20
Gallatin, Tenn.;—____________iy2
Galveston, Texas (3 issues) _3y2-l
Garden City, N. Y.
^1
Garfield
Co.,
Sch.
Dist.,
43,
;
2995
69
'Richland County, HI,
y
"v 2442; " Rid^e.; Township.. 111.
2316
Robbin8dale, Minn.;
^_--__1.10
2868 ; Rock Island, 111.
v
2693 'Rockville Centre, N. Y._v^r____0.90
2320'
Rockwall,. Texas
3
;
!;__1
Co.,
Trust
,
100.33
27,500
Gainesville,
Fulton
.
IJnion Planters National
Bank &
50,000
!!<:■
Minn.
Co.,
Smith, Barney & Co.,
Phelps, Fenn & Co.,
2.40
56,000
Fredericktown, Mo.
Freeborn
'
.
144,000
____l3/4-2
Texas
'•
100.38
______
11,
—-—,—
Fredericksburg,
1.18
0.95
100
•
-
jointly,
"For $1,500,000, Is
__100.136
(Net interest cost .9921%.)
^
0.79
\
100.63
11,
Rd. Dist. No.
i—--:
:
■
______-2'/^
—
Co.
Fort Bend
.".'..Texas
'•
■
100.29
140,000
;40,000
and
Sheridan, Bogan Co.,
0.60
101.29
;
225,000
3124
2
J
Dist. No.
Rd.
Bend Co.
I—
•
.
Co.,
Charles Clark & Co.,
_
100.03
150,000
1946-1950
'
.
dl,175,000
—__
2996
,
2564
-
2.10
2
Tex.
Tex.
—
1.50
101.22
•
Corp.,
W. H. Newbold's Son &
1.49
100
250,000
V
1947-1976
1947-1956/
23/4-l%
1
Mich.
3,
2999
l 97
100.01
and
Renville ' County
Independent
" Sch. Diet,, No.*- 55, Minn.-—-1.20
2869
'
PI
-
Arthur,
Arthur,
Dist..
,
ioo.4i
r67,000
1960-1966
1947-1956
1
100.04
r58,000 /
d7,000
.
125,000
:——IV*
3128
*.
County.Special Road- and
2441
.2568
.
Road
L
Ohio
—
"
1947-1953
Ohio
Farmington, N. Mex.
2996
—V/H-X
—-__2Vie-l3/4 '
County
:
2996
'
50,000
1946-1970
•"!
____lVa
1'/2
Eugene, Ore.
1.41
.County
County
Polk
Independent
Minn
l»/a
—_—I
1
Erin and Lake Twps. Frac. Sch.
116
100.33
*
(
51,
Ohio
Elyria,
116
_—,
Dist„, Mlss.-_2'/4
Special- Road and
Special
;.v
Bridge* Dist,, Flu:
Flu.....
Flu.
2441
Pa.
Elyria,
2998
■
*
No.
Cleveland,
East
3126
3125
Petersburg
Special Road and Bridge
Bolk
Polk
New York,
Hemphill, Noyes & Co.,
Laidlaw & Co.,
2995
.,v
2441
150,000
2994
County
Bid
Securities
/!/, 12,000
595,000
Bluffs,-Iowa
Price
Bidder
1948-1953
Council
Dist.,
;"'!;
■
-'
1947-1955
.______2'/a
Crow
Wing
,.v
1945. Denomina¬
Other bids were as
Union
1946-1964
III.
Okla.___
DM.,
3127
.'101.93
;______
•
341,000
_23/4
Ala.
11,
$1,000.
follows:
10,000
Ohio
Sch.
Dated June 1,
tion
1.45
200,000
Co.,
2997
1947-1964
^
Fla,—'—.
Dist.,
Crescent
116
County "St.
No." 13,
Sch.
Coshocton,
1946-1951
Pollf
100.38
Coosa
3244
1
Polk County;vN. C.
County, N.
09,900
1946-1960
2997
2998
2565
-
0.94
Sch.
2870
3125
1.29
,
—
103.79
80.000%'
Dist.,
2.25
100
3243
1946-1951
Cons. Sch.
Line
Sch.
Co.
3.00
230,000
15,000,000
Cook
3128
—_
1948-1957
1947-1964
Dak.___—
S.
1.37
100
100
72,000
Hill
Mont,
Independent
Cloquet
101,42
'
11, N. Y._'_——______l'/a
Dist.,
2868
1946-1946
,
Pine
'■
20,000
Dist., Ohio__
Sch.
Chinook,
1,19
'
•
——_b-___ ——V
2-21 yrs.
__2Vi
Caldwell, Texas (5 issues) __2Va-2%
California (State of), Cal
__iy«
119
1
14,000
Buchanan, Mich.
•/.'v.;
Sch. Dist,. No. 61.
—
Pinelfas
2441
1.21
3246
Pemiscot County, -Mo,_i—1 V% A
Pike and Lincoln County Johnston
^
'
100.03
110,000
3,500
3244
-
2565 /
100,000
1947-1968
Botkins, Ohio
1.19
100.03
100.03
Ohio
^
*Ordr' iSTc^.
•Oroville, Wash.
<
1946-1965
2'/a-2%
,Braceville Twp. Sch. Dist., Ohio_lV2
Brooklyn Heights, Ohio
3
Boston, Mass.
3128
101.15
Ontario,
2444
_______„1V4
2868
3126
,
,
;—
Texas
'
Ontario,
2446
1.21
2999
75,000
1Q J
1946-1965
Ontario,
2447
160,000
100.03
Boston. Mass.
1.27
*60,000'..".
'
;
•
1.08
100.20
Dist.,
—~^lVi
Dist.,
HI.
III.
2446
1.21
1946-1965
2868
Dist.,
100.07
150,000
1946-1965
Ida.____%-i1/2
Sch.
Canton
North
100.03
2998
^
TAn
Sch.
Xocal
2871s
390,000
Boston, Mass.
1947-1968
;—,_^____1'A
Mass.
3126
<>
,
1946-1955
Ohio'
2446
,
Independent "\U
xt_
1 _i.
1.21
1946-1975
2868
3124
County 1
Dist., No. 1,
Northbridge
_
,.
J——
3»ercC
Nez
2567
_
—-
Independent
Na.' 1, Ida.
lMi-ltt
Sch- Dist.,
2564
Sch.
1.7;
-
County
Perce
Nez
2564
SiSy&Ii'i-
100.11
*___—33,000
75.000
-1946-1955
" --
—IVi-l
La.
La.
New
100.03
1947-1957
iy2
3244
1
;
170,000
"
'
■'
.,
Hew .Iberia,
2316
2316£
600,000
3127
269,000
1947-1965
Newell
0.97
tni„
„,_1.10
2318
V 101.51
.*,//
Dist.,
Minn.
;
r70,000
•
-
2318 V Newell
0.97
*90,000 !
1947-1961
■-
County,
Murray
.
-
"
*
1946-1965
3t. Ore.
1.21
1946-1955
Boston,
3127
naepenaenc Sch.
Murray County Independent ocu.
-1.30
Dist., No. 52, Minn.
2443
2443
1
*
~M
Sch.
1.24
101.51
000
-
1.04
p:.
1
1949rl9o8
1948-1957
NO;
IfelOO
000
Pa.
Morgantown. Ky;
Multnomah County
1.39
100.03
2868
3126
street,
alley
and
of 1945 bonds, at a
price of 100,015, a net inter¬
est cost of 0.979%. For $305,000 maturing June 1, $50,000
in
1950
to
1954, $55,000 in
1955, as %s, and $1,195,000
maturing June 1, $55,000 in
1956 to 1959, $60,000 in 1960
to 1964, $65,000 in 1965 to
1969, and $70,000 in 1970 to
1974, as Is. Interest J-D.
sewer
Y.12
101:21
-L-l1/*
Dist.,. Ohio—;
3128
200,000
000
Mitchell,
2564
T00~.68
Sch.
,00O: V 100.11
2694
®8
70,000
42,000
700,000 1
(2 issues)
0.979%.
1,500,000
/
r4,000
v
3243
!'> *126,000
Td2,200,000 ?
»
2318
2.01
~L09
2996
■
1947-1965
____—
County,
1.5)1
102.59
TOT.38
1946-1963
t'
3125
Tex. _______:-3'
N. J.
-1.10
Meridian, Miss;- __——
*--2 -'
Michigan (State of», Mich.___L2.30
Milbank Independent Sell, Dist.;
Matawan,
2692
,
1946-1956
'1961 • -il v? *
Marion. County,
2696
2692
:%!
r40,000
150,000
118,000
(
.Vv,No. 7, Minn. _______________2 Va
,
3
_13/V'
Marloti, County, Fla.
2441
v;
*
100
"100-69
r72,000
Mass.
3136
>i101.62
r74,000
1946-1959
150,000
1946-1950
N. H.
Blue Ash Sch,
Boston,
v
277,000
-1946-1955
'
0.98
—,__23/4
2997
';-
4,700
Dist.
Sch,
Ariz.
No.. 8,
;
d85,500
1.26
100.07
1949-1955
3246
i
1,32
100;02
200.000
1948-1972
:
Maricopa,< County
2315
1.19
100.16
112.21
1947-1956
3126
1948-1970
-1%
—
0.99
•'
Dist; No,
Madison County Sch.
-83,' 111. "
v
*
0.99
1.21
7,464,000
IV4
Pa,—
1.21
1,500,000
13,585
l Va
Mont.
2868
1946-1955
1 :/./
Kinston, N. C. ________
-1
Kinston, N. C. >—
_r_-L;
Ladoga, Ind.
3
La Follette,
Tenn. _i__s:T.?,__-_l3/4
C,
N.
Kinston,
2693
V
2996
1946-1955
.•%%_!--Yl%Y--^--1%
la.
Kalona,
2693
•
1.17
/>
_______—1
___
Ala,
Dist.,
Co.,
100.16
1947-1970
1947-1953
of
$8,000 in 1950 to 1954, $9,000
in 1955, as %s, and $201,000
maturing June 1, $9,000 in
1956 to 1959, $10,000 in 1960
to
1964, $11,000 in 1965 to
1969, and $12,000 in 1970 fo
1974, as Is. Interest J-D.
V
1946-1952
Ky.
Barbour
98.88
r
cost
For $49,000 maturing June 1,
1947-1982
Alexandra
3245
Ind.
V.
'
! 7,908,000
interest
net
r78,000
1947-1970
Dist., Calif.
3-I-IV4
Va. "____
2
Amityville, N. Y.
,___1
Andrews Ind.,Sch, Dist,, Texas-IVs
Baker, Mont. _________w__L____I Vi
120
2997 ;
rlOO.OOO
Jeffersonville Flood
2315
100.10
_______
3-1-1»/,
Bedford
1943-1957
County,'
Price
1^5 yrs,
1%
Alameda Co., Oakland Sch. Dist.,
2998
.
"•
,
Alameda Co., Oakland High Sch.
S
r60,000
(Continued from page 366)
Amount
75,000
Maturity
_1
Minn.
3124
Toan
1959-1963
issues)
(2
Kan.
County,
3243
5,000
Rate
v.
Calif. '
103.00
100
19,000
,
.
December consisted of the following:
Name
'
3124
2.25
1946-1965
Ibsen
2444
100.01
1947-1965
1, La.
No.
:r
300,000
___
La.
Parish
1,
1.42
1946-1955
•
IV4
_______—_3
Houston, Tex.::
1 V*
Hudson,
Ohio _-.__._-Z--J--/-—1%
Iberville Parish
** nist
Tex.
Page
1.42
>'
1946-1970
Houston, Tex.
Sales during
Basis
Price
Amount
Maturity
Rate
.
.
Okla.— y-■
Tex.-----1 Mi
Hollister,
2568
..
Co., New York,
;
;
Kidder, Peabody & Co.,'Y%YV?First National Bank,
!
Memphis, and
W. E. Hutton & Co.,
jointly,
$24,000, 3s, and
$226,000, Is
100.00
(Net interest cost 1.064%:.)
" ;
For
j L.37
For $100,000, 3s,
$50,000,
: "•
l%s, and $1,350,000, ls__100.019
(Net inter^t cost 1,0498%.)
(Continued from page 367)
THE COMMERCIAL & FINANCIAL CHRONICLE
368
Cherokee County
(Continued op page 368)
;
CO., St. Louis,
K. W, Pressprich & Co.,
Kean, Taylor & Co.,
Dick & Merle-Smith,
bonds offered for sale on
^
v
Hermitage Securities Co.,
Nashville, and
;
,
John C. Clark & Co.,
^ f
,
y
y
'y"'■/%•''■
jointly,
••
"
For $125,000, l&s, and ;
$125,000, Is
—aoo.i2i
(Net interest cost. 1.0735%.) • .J
.
■
-
$705,000, 114 s, and
y
$795,000, Is
—.._100.013
(Net interest cost 1.0716%.)
For
Shields St Co.,
Coffin & Burr,
Hutton, St];]
,
Pomeroy,
y ■
,l'
Dolphin & Co., and ;
'
'
Jack M; Bass &
:
Lovett
Antonio,
Abercrombie
&
Co., Of Houston, and the Louis B,
•Henry Investments^ of . Dallas, at
a* price of 100.033, a net interest
cost -of 1;5918%, as follows: For
$78,000 maturing Feb.' 1, $12,000
in 1947, $13,000 in11948, $14,000 in
1949 and 1950, $12,000 in 1951,
,
Stroud & Co.,
■
Jan; 10
J63, p. 119—were awarded to
a syndicate composed of John Nu¬
veen St Co., of Chicago,
Dewar,
Robertson
& Pancoast, of San
—v.
$13,000 in 1952; as 3s, and $297,000 maturing Feb. 1, $14,000 in
1953, $15,000 in 1954, $16,000 in
1955, $17,000 in 1956, $18,000 in
'/'?.. 1957, $22',000 in 1958, $25,000 in
1959, $26,000 in 1960, $35,000 in
;/ 1961 and 1962, $36,000 in 1963,
and
$38,000 in 1964, " as
iy2s.
////%
Dated Feb. lr1946. Denomination
!'■.
$1,000, Interest F-A. ; ;
'
:
^
'
Schoellkopf,
,
Co.,
jointly,
For $32,000, 3s, and
^
-
iy2s,—v. 163,
as
120—
p.
Municipal Bond Finaaciig ia Lasl Two Months
also received the following bids:
Bond Sale —The $375,000 road
& Trust
<
$238,000*
Road District
No. 1 (P. O. Rusk)i Tex.
Mercantile-Commerce Bank
Price Bid
Bidder
R; N. Eddleman & Co.,
J. R. Phillips Investment
and for the Calendar Year of (945
Co.,
Dallas Union Trust Co.,
V
McClung St Knickerbocker,
:'and'
(Continued from page 367)
v :
•
Name
3124
■
Crummer & Co., jointly;
:
\
$126,000, iy4s, and
y
$374,000, l^s -4—^-^100.008
290&
^
V
'
,
Milton R. Underwood St Co.,
Independent Sch. Dist., la
2995
San
Prince
;
/
,
1947rl952
County
3243
2990
St. Louis County,
Dist., Mo.
St. Paul, Ind.
r65,000
1.19
rl60,ooo
100.01
r494,000
100.01
1.19
1946-1955
450,000
100.44
0;83
1946-1955
280,000
100.44
0.83
1947-1956
234)00
100.15
0,97
1946-1956
22,000
101.38
1.75
15,000
100
1.23
1,48
1.19
Metro1946-1970
500,000
100.16
1947-1966
£,840,000.
; 150,000
100.95
0,88
100.03
1.36
1948-1975
50,000
; 190,000
.1966
*116
St. Petersburg, Pla.
2867
St. Petersburg, Pla.
San
Antonio
Ind;
3247
3124
:
3124
1947-1955
San Joaquin Co., Stockton Unified
;
Sch. Dist., Calif.
3
3128
Scranton
2998
Seminole, Okla.
1947-1960 /:
Dist., pa.
117
Sidney,' Neb.
Spring Creek
115
2,186,000
;
1.85
100.17
1.27
1946-1948
660,000
100
0.95
1949-1955
,
1,840,000
j:239.0()0
100
0.95
,
_iy4
1946-1955
,
(3 issues)-,.—
100.51
1.15
1,15
V-141,000
30,000
a
y
.
¥.50
100
145,000
Consolidated Sch.
1947-1964
ASy; Dist.," Ga.
.•
1.85
100,04
r
Seminole Okla. ,<3 issues)
Sch.
100.04
8,000
450,000
250,000
1946-1970
„1.30
2998
l.H
1.35
Dist.,
San Joaquin Co., Stockton Unified r
Sch. DistV Calif. ——,_0.75
.
100.35
■>.
1946-1970
.
.
:' Texas:
....
102.57
68,000
3-1
Sch;
/
r80,000
398,000
/
1947-1949
Spoede; Sch.
_1
/
2867
■
>
100.01
<3200,000
1954-1956
«,
'
•
1.49
1954-1956
Louis Unorganized Territory,
Minn.
.l^i
/.
r
1.20
St.
3128
'5 ^
'
'
$218,000, Is
—.100.02
1
Gregg CountySabine Community Dewar, Robertson &
(Net interest cost 1.0924%.)
'
Sch. Dist. No. 4 (P. O. Glade-Pancoast,■■
••- >1.':■i/-;
For $200,000, 2%s, and
■:/
B. V. Christie & Co., and
:
water), Tex.
/"/ V,:'1;.
$1,300,000, Is
—i—loo.m
i Bond Offering—S. O. Loving, Moroney, Bisner St Co.,
(Net interest cost i.085%.)
; i .
•jointly,
Superintendent of Schools, will
First National Bank,
./ For $228,000,, 2%s, and
receive sealed bids at his office
Chicago,
r;
$272,000, iy4s
—4100.01
in Longview, until 10 a m. on Feb.
Goldman, Sachs & Co.,
5 for the purchase of $100,000 Barcus, Kindred & Co.,
;
\
B. J. Van Ingen & Co., and
y , •
school house bonds, not exceed¬ Robert Mclntyre & Co.,
|
Martin, Burns St Corbett, •
and :
:://
ing 3% interest. Dated Feb. 15,
jointly,.
•
1946. Denomination $1,000.
;
/
Due RansOn-DavidsOn Co., ;
For $32,000, 3s, and
;
• v
jointly
.v44 V;:/
$10,000 Feb. 15, 1947 to 1956.
$218,000, Is -.—-—400.03
For $228,000, lV2s, and
These bonds were authorized at
(Net interest cost 1.09%.)
; y
an election held oh Dec.
$272,000, 2s
J_-4100.004
15, 1945,
For $200,000, 3s, and;
- y
by a vote of 63 to 23. Principal
VERMONT
$1,300,000, Is ,———4100.135 and interest payable at the place
(Net interest cost 1.0896%.)
preferred by the purchaser. It is
Newport, Vt.
H
;
100.58
200,000
,
1946-1974
1954-1956
lV-t
2996'
2997
,
'*
.
1965-1968
Basis
100.02
994,000
250,000
rl76,000
20,000
1947-1966
2996
-
3128
•
*
(' i; t;;
$408,000, l^s 4-.44il00.022
John Nuveen & Co.,
E;
Rollins & Sons,
George's
Price
Amount
1949-1966
politan Dist., -Md.
lVa
Richmond, Va, 4
—1
Rocky Mount/ N. C, 44-4-6-1*4
Rockwall, '• Texas-_4~443'/•:?
Roxana Sch. Dist., 103, 111
1.30
St, Joseph Sch. Dist., Mo.—1 Va.
t
.
Maturity
Rate
—
Lovett' Abercrombie & Co.,
Columbian Securities Corp.,
:
.
Pasco, Wash,:
._„,.4.4.4.-«
3243
Perry. Co.v Ala. •
IV«
2999:- Pharr, Texas
2994
Phoenix, Ariz.
^—2-1.10
2994
Phoenix, Ariz. .4
;4.—2-1.10
2994
Phoenix, Ariz.44~.,--4-4-,-2-1.10
2996
Plttsfield, Mass.
^.1.——__0.90
2996
Plttsfield, Mass.
0.90
117
Plattsburgh,> N, Y.——
_1
3128
Mymouth Twp., Pa.
2
2995
Polk County, Pleasant Hill Rural
Rauscher, Pierce & Co.,
/jointly,-.4
; For $500,000, l%s -4-4100025
Antonio^ and
Emerson Roche & Co.,
jointly,
For $92,000, iy4s, and
'
120
Co., ,; y.vvv.v
R. J. Edwards, Inc., and 41
V
Orange Co. Santa Ana Junior
College Dist., Calif.
lV*
Oxnard, Calif. (3 Issues)
lJ/a
Palestine Sch, Dist., Texas-/
2
115
For
Russ &
Monday, January 21, 1946
"115
Springfield
3124
Stamford, Conn.
3124
3124
Stockton, Calif.
Stockton, Calif.
Stockton, Calif,
3126
Superior, 'Neb;.'■>
3125
Tazewell Co. Sch. Dist., 108, 111-1.10
2995
Thurman Consolidated Sch.
Airport
20,000
Authority,
1950-1965
;
560,000
111.88
1946-1965
1,055,000
100.64
0.92
.1946-1947
350,000
100.02
0.91
1.01
-
.
.
the
Trenton, Tenn.
Barker, Mayor, will receive sealed
bids until 2 P.M. on Jan. 24 for
the
of
the
/Board
of
purchase of $150,000 industrial
bonds. Dated Jan. 1, 1946.
coupon
less than par and accrued inter¬
est. Bidders are required to name
the
Due
lowest interest cost that will
bring
price of approximately, but not
a
rate
or
combination
two
of
Denomination $500. Due July 1, rates
wifh their bid .which is
as follows: $5,000 in 1948 to 1964,
nearest par- and accrued interest.
$10,000 in 1965 to 1969, and $15,000 Any rate or rates named must be
in 1970.
The option to call and in
multiples of y& of 1%. Alter¬
pay,
prior
to
their
maturities,
and after
the bonds maturing on
July 1, 1952, at par, is reserved to
the City, but no bonds shall; be
called for payment prior to July; 1,
1949; and,T thereafter, should any
of said bonds be called for pay¬
'
ment prior to
the maturities men-
tioned, they may be called in. the
inverse order of their serial num¬
"\
bers, that is, the highest out¬
standing serially. numbered bond
may be called for payment prior
to a bond of a smaller serial num,
•
ber.
\_
suggested that bonds ma¬
turing in 1948 to 1952, bear inter¬
est at 4%; bonds maturing in 1953
to 1957, at 3%; bonds maturing in
1958 to 1961, at 2 V2% ; bonds ma¬
turing in 1962 to 1966, at 2%;
bonds maturing in 1967, at 1 % %;
bonds maturing in 1968 and 1969,
at iy2%, and bonds maturing in
1970, at 1%: but bids will be re¬
ceived at different and other in¬
nate proposals will be considered
bonds with* five-year option.
The
District
Will
furnish
the
on
printed bonds,
of the pro¬
ceedings^ the approving opinion
of Gibson & Gibson, of Austin, or
of
all of which will be
determining fhe
best bids. No bid. will be received
terest rates,
in
in¬
certified (check
•for less than par and accrued
terest.
Enclose:
a
for 5% of the bid.
>
•
*,
'
Chapman St Cutler, of Chicago,
bank
Bee County (P. O.
Bond
Sale—The
$750,000
road
162, p. 3247—were awarded
to a syndicate composed of John
Nuveen & Co.. E; H. Rollins &
Kindred & Co., all
Garrett & Co:, of
Dallas, and Emerson, Roche &
Co., of Austin, at a price of 100.; 0792, a net interest cost of 1.47 %,
as
follows: For $225,000 matur^tf ing Feb. 10, $20,000 in 1947 to
1951, $25,000 in 1952 to 1956, as
3s, and $525,000 maturing Feb. 10,
$25,000 in 1957 and 1958, $50,000 in 1959 to 1965, $60,000 in
r
Sons, Barcus,
of
Chicago,
.
1966,. and $65,000 in 1967, as l^s.
Dated Feb, 10,1946.
Interest F-A.
Brownsville Sch, Diet., Tex.
Bonds
Voted—An
issue
of
building
improvement
bonds
amounting to $250,000 was favor-*
pKiv voted at the election held on
Jan. 5.
Bidders
0.91
100.02
0.91
1949-1963,
100.06
1.09
30,000
Okla,
S-LlO:/' ; 1949-1966
P-3-1.10 . /1949-1966
1949-1956
Tulsa, Okla.
^-.1.10-1
1949-1951
2998
Tulsa, Okla.
.———I'/a
1949-1961
2998Tulsa,/ Okla.
.20-1
'
1949-1956
2998
Tulsa, Okla;
-1.10-1
1949-1966
Tulsa Co.^ Okla,
2998
1V4-1..''
1949-1966
2998
Tulsa Co., Okla.
1946-1958
2:499
Tyler, Texas
V/3
1947-1955
3248 -University, of' Utah —r——^l1/*
2995
Vermilion - Parish
Road
Dist.;
1947-1965
No. -1; La.-——
:—
l'A
1946-1950
Veroha Sch, Dist., N, J.' i^L—l
3246
6,000,000
100.01
1.20
400,000
100.01
187,000
100.04
1.05
20,000
100.09
0,91
300,000
100.09
2998
to
name
the rate
to the District.
.''///(:;/•'
of in¬
in
a
hospital bonds amount¬
ing to $125,000 was approved at
an election held recently. *.
1
Orange, Tex.//, _4/m ,//.'
issue;: of
various bonds amounting to $500,000
will
be
submitted
to
the
Feb.
2,
election to be held
/:'v/y: \v/V'-:. .///•:/;
on
Bond
:'
Texas
'/
,,
*118
.1946-1958
78,000
1946-1970
1,000,000
75,000
1947-1964
1.24
100
1.05
100.26
.
Dist,; ; N.
Dak. /
y^l
;
1947-1951
50,000
d4t000
Winnfield, La.
3245':
752,000
1952-1964
r23A
:Winside;..Neb;^;;yu;;y^^-:';^^':y;:';;;'-V'a^rr'^
<2 issues*
3125
."
r247,000
(
1965-1967
m
WilliSton ' Sch.
.
3127
Total
.
Okla.
Woodward,
bond
(7
35,000
416,000
issues)—!
(158 munici-
sales for December
■
3000
County School District No.
214 (P. O. Chehalis), Wash.
'
con¬
bonds
3128
"
3128
3128
3000
2872
the election held
3000
on
Dec, 15,1945.
**ov»q
2872
Skagit County Public Utility Dist.
/. No. 1 (P.O. Mount Vernon), ;
;■ ://.:■
' Wash, ■/:/(;//;:
3248
Call—John Wylie, Presi¬
3000
Bond
3000
3000
3000
dent of the Board of Commission-
Que,"
1-15,yrs.':;.
25,000
Edmonton, Alta, —.
2^4-31-3
1948-1960 ard2,039.000 ;■
Forest Hill, Ont. (3 issues)
5-15 yrs. *
.
41,650
Huntingdon, Que.
•«;; 1-25 yrs.
/
,
56,000
Montrear Catholic School Com'
•
mission, Que.
—:^.__2^4-3I/3, v 1946-1975-3,466,000
5;086,000 /
Nova Scotia
(Prov. of)
-1938
1-10 yrs;
726,000.000
Ontario (Prov. of) —1-2^4
,
calls for payment, on Feb. 15,
2% water revenue refunding and
ers»
improvement,
series
of
1944
bonds,
numbered
293
to. 412,
amounting
to
$120,000.
Dated
Sept. 30, 1944. Denomination $1/000. Due $10,000 April and. Oct.
1, 1964 to 1969. Holders of said
bonds
An
same,
are
at
notified
either
of
to
present
the
places of
payment specified in said bonds,
on date called,: for redemption at
the respective redemption prices
with respect to each such bond as
sometime this month.
is set forth
on
the face thereof.
304
99.70
■
98.57
<
100.40
—
99.53
3.04
99.75
;*1946-1953
14,000
100.75
2.60
194671960
; 176,300.
101.61
2.03
Claire, Que.;
■:^1953-1965
Port - Alberni,
B. ■
--i.3
1946-1953
St, Jerome, Que.''v————31»20 yrs;:
Sherbrooke, Que.
i3
1946-1965
Toronto; Ont;
————2
1946-1950
Toronto,, .Ont.-, —
™2Vz
1946-1955
Toronto;'' .Ont.
„2*/a,
1946-1955
Toronto, Ont.
-—-—:-3
1946-1965
Total' of Canadian municipal issues sold in
93,500
99.54
3.06
-40,000
100.25
3.44
..108,800
99.42
3,06
393,000
100.65
Orlllia, Ont.,--A——:■
Ont. (3 issues)—1.-—2-3
Point
1,225,000
' December
—
—_—»-
—.
101.66
301,000
101.66
259,405
101.66
1,503,000
,
•
'•
101.66
$43,827,255
,v'♦taftpo.riryj'lo^;'/'excluded '• from month's total./ a Placed privately in U. S,
versity Women's Dormitory rev*
bonds, issue of 1941; dated
enue
April 1, 1941, Nos. 27 to 325. . All
holders of any of said bonds are
notified and directed to present
same at one of the places of psy~
ment
designated therein as of
April
1946, and all of said
presented will ceas*3
interest on and after that
1,
bonds not so
to bear
recently, were' awarded to a syn¬
dicate headed ; by the Bank' of
Montreal, and the Royal Bank of
Canada.
Dated
Feb.
1, 1962, callable at
1, 1960.
^
•/..."
par
1946.
Xf
These debentures are due
on
on
Feb;
Feb.
NEW BRUNSWICK
New Brunswick
Debenture
(Province of)
Sale
Details
—
The
$2,750,000 2^5% sinking fund de¬
date. '.:
bentures
Hempstead)
WEST
Texas
Bond Sale Details—The $500,000 road bonds offered for sale on
31 and awarded to a syn¬
.
'Coatlcook;
3248
amounting
to
$145,000 was favorably voted at
con¬
—
-
.
3000
Bonds Voted—An issue of
af an election to be held
West
1
*
VIRGINIA
CANADA
Virginia Board of Control
(P. O. Charleston), W. Va.
QUEBEC
Bond Redemption—Dell White,
Quebec (Province of)
by Braun, Bos- Secretary of the Board, has an¬
worth & Co., Inc., at a price of nounced that the* Board calls for
Debenture Sale —The 3% re¬
funding debentures amounting to
100.067, a net interest cost of redemption on April 1, nil the
1.415%, for $262,000 as iy4s, and outstanding West Virginia Uni-
headed
1.41
.100.50
23,000
Feb.
WASHINGTON
Waller County Consolidated Road
dicate
1.00
100.06
300,000
1946-1961
•'■i,
Va.
w.: va.-
n
Lewis
„
Dec.
100
500,000
1947-1961
,
3128
Dec. 15.
Election Planned
Dist. No. 7 (P, O.
200,000
15,000
—
issue of $175,000 county hospital
bonds will be: submitted ■= to the
voters
Too/oo
Virginia Board of Control,
West
3248
of about 1.312%.
Uvalde County (P. O. Uvalde),
•
1.17
50,000
2oo,ooo
>;
,
~
bonds -amounting
to
was favorably voted at
the election held
100.02
1,000,000
:
as 1V2 s, at a price
■",./■"' palltles covering 172 separate issues)kS82,195,838
yvJ162, p. 3128—are
d Optional. r kNot including $51,965,000 temporary loans or funds obtained by
1, 1946, and mature States and municipalities from agencies of the Federal Government, r Refunding bonds.
Feb. 1, as follows: $10,000 in 1948
/ / *:
CANADIAN MUNICIPAL FINANCING IN, DECEMBER
to 1951) $15,000 in 1952 to 1955,
Price
Basis
Name
"
Rate
Maturity
Amount,:
$10,000 in 1956 and 1957, and page
99.12
3.07
jooo
Britisu Columbia (Prov; of)
3
3,000,000
$5,000 in 1958. Net income basis 3128 Canada" (Dominion of)
0.363
3-15-1946
♦73,000,000
(41 ■ y.;
;1 (P. O. Pharr), Tex;
Bonds Voted—An issue of
$250,000
1.05
1.18
101.22—v.
dated
Pharr-San Juan'Alamo Sch. Dist.
struction:
Rd.
Dist,,: 7,' Texas
—l*/4-l V* I
2995: 'Wapello County, la,
l'A;3126
Waveland, Miss.—_-,3 •
2999
West Columbia Sch, Dist., Tex.-l*/a
3000
West Virginia (State of) «>__3-l
?8«9
Wheatland County, Mont.__-,__-.1.30
West Virginia Board of Control,
3248
w.
struction
Election 4- An:
100.04
100.02
•
■
Bond issue Approved—Ah issue
of county
Bond
Consolidted
Co.
1.13
so.ooo
1.750,000
.
Waller
120
VIRGINIA
Moore County (P. O. Dumas), Tex.
\ ■*.
;
1.20
,
issue of water
system and sewer system purchase
bonds amounting to $325,000 was
favorably voted at the election
held on Dec. 13.
:.'
:/•£¥•';
•
—
of
Bonds Voted—An
'
Dist.*,
Tulsa,: Okla:
Charlottesville;
.Mercedes, Tex.
'■
•'Tulsa,
2998
multiple of xk of 1%,
Principal and interest payable at
the Orleans Trust Co., Newport.
The bonds will be prepared under
the supervision of and certified as
to genuineness by the National
Shawmut Bank, of Boston.
The
approving
opinion
of
Storey,
Thorndike, Palmer & Dodge, of
Boston, will be furnished.
/ /
terest
It is antici¬
Covington. Va.
pated that delivery can be ef¬
■Bond Sale Details-r-The $125,fected March. 10, 1946. Enclose a
000 refunding bonds awarded last
certified cheek for $2,000, payable
month to C. F. Cassell & Co., of
bonds offered for sale on Jan. 14
—v.
100.02
d40,000
390,000
*A
2998
without cost to him;
on
Beesville), Tex.
525,000
875,000
1955-1958
1947-1954
$10,000 Feb; I, 1947 to 1966.
designated by the purchaser
voters at the
"TEXAS
a copy
1948-1950
1951-1955
and Will deliver the bonds to the
It is
considered
3124
;___„,0u50
--0,76
.
f' Bond Offering—Austin J, Beebe,
City
Treasurer,
will
receive
sealed bids until 4. p.m. on Jan.
21 for;the'purchasebf$200,000
bridge Coupon bonds. Dated Feb.
1,
1946.
Denomination ; $1,000.
Trustees to sell the bonds at the
Offering—James.0.
Bond
intention
.
<2 issues); _„,.„1
awarded recently to a
syndicate headed by the Domin¬
ion Securities
Corp., and Bell,
Gouinlock & Co., both of Toronto
•r-v. 163, p. 120—were sold at a
price of 98.35, a basis of about
2.80%. Dated Dec. 16, 1945. These
debentures
are
Interest J-J.
due Dec, 16, 1951,
@FedFRASER