The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
MONDAY BUS. * \ .. ISSUE Tjj ufi ilVfi *Li ■i'6 ' ABM; ™ The Commercial and Financial Chronicle Reg. U. S. Pat. Office Volume 171 New York, N. Y., Number 4875 General RAILROAD Aeronca Aircraft The the is company would include Last Middletown, ■stock it Ohio, aid to in to plant, American Telephone & had offered refinancing company's to purchase for program employees $50,000 the of 56,070,000 56,630,793 41,110,000 Federal common company.—V. $1949—12 Mrs.—1948 $ revenues Operating expenses In This Issue its at Telegraph Co.—Earnings— 11949—3 Mos.—1948 $ Operating that Copy a MISCELLANEOUS - Period End. Dec. 31— Corporation. reported was a INSURANCE - preparing a refinancing plan which capital and a $200,000 loan from be private of Finance December INDUSTRIAL - Corp.—Refinancing Planned— reported $200,000 Reconstruction Price 75 Cents Corporation and Investment News PUBLIC UTILITY - Monday, January 23, 1950 Other 170, income taxes-.. 4,280,000 operating taxes— s $ 221,190,000 227,583.305 43,513,809 165,110,000 162,773,208 3,815,000 15,120,000 20,375,000 3,260,000 3,324,353 7,420,000 5,977,631 67,260,000 56,188,278 3,770,000 3,303,749 14,990.000 16,797,257 30,000 77,165 190,000 270,342 78,480,000 65,552,823 13,150,000 12,304,238 1389. p. Stock and Bond Quotations Affiliated Gas Equipment, Inc. — Private Placements Being Arranged—Lyle C. Harvey, President, on Jan. 12 announced that this corporation is completing arrange¬ Net Dividend New York Stock Exchange ments for an additional loan from the Massachusetts Mu¬ New York Stock Exchange tual Life Insurance New York Curb Exchange Co., the Penn Mutual Life Insurance Stock Co. and the State Mutual Life Assurance Co. Boston The corporation had previously obtained a $4,000,000 long-term loan from these three insurance firms. Detroit The of plans to install modern equipment in company find.) plant of F. L. Jacobs Co., final negotiations have been completed. These improvements which Investment of approximately $1,700,000.—V. 170, Cincinnati for the six months ended Nov. 30, 1949, at were increased approximately 15%, as compared with the same period in 1948. profits for the six months ended Nov. 30, 1949 (after providing 402,944 shares corresponding 1949 rates) which outstanding period to 70 1G9, share per 60 Va acquisition facilities ga3 been of North in proposed tnissiou, it operation and Penn Gas filed Jan. oil with the Over-the-Counter Markets Power ' Penn's 30 end facilities, will acres $3,500,000 and issue 23,000 shares without par value, to North Penn for its facilities. stock, State and City Bond Offerings of New Dempseytown Gas Co. facilities involved in the proposed trans¬ action include approximately 64.6 miles of pipe line, compressor stations, producing properties, gathering and distribution facilities, and other assets. Allegany proposes to acquire the Dempseytown facilities, located in Clarion, Forest and Venango Counties, as a dis¬ tribution in liquidation following dissolution of the latter company. Gas facilities is part integration V. 124, p. of the to The of overall an pursuant dissolution and 1935. proposed acquisition the plan of Public under joint North corporate Utility Public the and simplification Holding Company and Act.— 3065. Alleghany Tho Corp. corporation 1,000 of tional In Acquires Own Stock Under Ex¬ — Jan. announced that it has accepted tenders preferred stock for 4,291 shares of North stock, plus cash adjustments in lieu of frac¬ on shares of its .Cc. 9 shares. addition, shares of corporation invitation An Dec. New 17, York, adjustments plus cash • . the accepted for such of North Lighting Chicago in lieu and remained of & St. of Co. A common stock preferred RR. series preferred and stock, shares. issued until Jan. the by corporation, on 20. 37,171 shares of Alleghany $860.86 having prior share a and net asset value a preferred 303,510 of stock shares $94.63 a of having a .series A share.—V. 171, net asset value preferred 'stock p. 1. William J. Hogan, Vice-President and Treasurer, on Jan. 16 an¬ that the company had made purchases of an aggregate of principal amount of its 3% sinking fund debentures due June 1, 1966, in anticipation of sinking fund requirements. He stated that there at this time.—V. pany is nc 170, p. plan for further purchase by the com¬ 2325. sale of such SEC will begin hearings on Jan. 23 on a previous offer of $10,000,000 cash, plus 70% of all dividends and distributions in excess of $300,000 a year, made on Jan. 4 by 12 individuals and banking headed by B. J. Van Ingen & Co. The maximum It disclosed was consideration. The •the automatic -common stock Feb. conversion on Nov. 28 will sale of , feature 15, of the 3 952.—V. 171, a class p. proposal B to common eliminate stock . stock Company Act . details of (2) forth set in However, it the offer new stated was of the Public Utility Holding order was to that the affirmed buy offer it is It was announced on Jan. 17 that the to acquire the fcave posted $1,000,000 with the American Power & Light Co. as evi¬ dence of their willingness to pay $15,000,000 cash for all of the common l&ock of Pacific Power & Light the SEC net $2!41 . of shares earnings not of consolidated telephone outstanding, Western (partly tlnciudes pro¬ Company and estimated). iConipany Electric subsidiaries. their temporary and on after subsequent 1— debentures, due Dec. debentures for 1, the company will have the June 1957, 15, debentures Feb. debentures coupon Ready Feb. convertible in per¬ The announces. 15, 1950 coupon attached. coupons sending the temporary debentures to trustee, for exchange, all interest tho City Bank Farmers Co., 171, p. 189. food new in last processing plant which has been termed "the most mod¬ world," was opened by this company in Monterrey, Mexico, week. the Built at a cost of more than site, it has ucts all of which will be sold in an annual $2,000,000 and occupying 26-acre a capacity of 50 million pounds of finished prod¬ Mexico. The corporation recently announced that it will spend an additional $4,000,000 on an expansion of its activities in Mexico in 1950.—V. 166, p. 1574. made with proceeds of the sale the retirement of Pacific Power's property would be applied to debt in and B. offer said: preferred stocks sale, or eserow by all of the at redemption common stock the Guaranty Trust Co. of prices. the of New Pending such company York. is to be the stock common keep Pacific in business as of Pacific Power & Light Co., On Dec. 21, last, the stockholders approved an authorized issue of $8,000,000 of debentures and increased the authorized no par capital stock from 3,000,000 shares to 5,000,000 shares. The series A debentures are convertible into stock on the basis of shares for each $100 par value of debentures.—V. 170, p. 2325. Van Ingen group, on the other hand, Pacific Power's properties to publio reportedly intends to sell utility districts in southern Wash¬ ington and northern Oregon, where the company now operates. It was stated that if the Allen group is permitted to buy the stock, it intends to make a public distribution of the shares.—V. 171, Appalachian Electric Power Co.—To File With SEC— This tration company expects to file with the SEC about statement covering $25,000,000 of new first 1980, which will be offered down as the probable date expansion.—V. 171, p. 2. for publicly. the March bidding. Feb. The 17 has regis¬ a mortgage 21 bonds, been proceeds set are for 189. Arcady Farms Milling Co.—Earnings— Six Months Ended Nov. 30— Net 1949 1948 $300,803 $117,620 $1.99 profit after taxes $0.78 Earnings per share, —V. 170, p. 298. American Stores Co.—December Sales Drop 18.2%— Sales 1949—Month—1948 1949—9 Mos.—1948 $32,601,276 $39,886,888 $305,409,203 $312,702,419 The company whereas 2581. See Blair St. Louis Listed and Unlisted Securities points out that the December, 1949, covered only four 1948, covered a five-week period.—V. 170, December, , Edward D.Jones Co.—Acquisition— Holdings Corp. below.—V. 169, p. 2634. Established & Co. 1871 300 North 4th St., St. Louis 2, Missouri Members American Vitrified Products Co.—Calls Pfd. Stock— The been entire outstanding issue called for redemption Feb. dividends.—V. 157, p. 986. of 19 intends forward-looking private enterprise." a The Nesbitt, Thomson & Co., Ltd., Montreal, and associates, on Dec. 13 publicly offered $4,000,000 convertible 4% debentures, series A, dated Nov. 1, 1949, and due Nov. 1, 1964, at 100 and interest. The proceeds will be used to repay bank loans and for additional working capital. due McKce, President of Pacific Power, commenting on the new "It is my understanding that the Allen group, if permitted purchase Anglo-Canadian Oil Co., Ltd.—Debentures Offered— The company. Amercian Sugar Refining group Co.,. only in the event that the for consisting of Allen & Co,, Blyth & Co., Inc., Blair, Rollins & Co., Inc., Kidder, Peabody & Co., .SchoeJlkopf, Hutton & Pomeroy, Inc., Robert Hawkins & Co., Inc., SPaqifia Northwest Co. and Butcher & Sherrerd, investment bankers, a was by Power's "distributing any stock which may be purchased." property or the stock will be sold by the Van Ingen group authorized liquidation weeks Made Pacific intention of funded to were shares. Either the if 11(B) In August of 1942. This Supreme Court in 1946. States common p. American Power & Light Co.—New Offer Pacific Power & Light Co. Common Stock— amend¬ is company entered under Section United into 189. an that the SEC will have both offers for so . . . . Pacific's Period End. Dec. 31— consider be would being considered by American as a step in compliance with the SEC's order for dissolution of the parent American-Marietta Co.—Plans to Eliminate Conversion on that Jan. 17 that American Power has filed on to its original petition ment Feature— stockholders $10.21 $2.83 in paid under this offer would be $19,500,000. p. The $9.35 6,784,426 coupons should be de¬ tached and presented for payment through the usual banking channels or to the A. T. & T. company direct, the announcement said. 10 A to $4,050,000 all Before stock by American Power & Light Co. in the proceeding now pending before that body. This offer will be open until 5 p.m. on Feb. 3 and amounts to $30 per share for the Pacific Power company's 500,000 shares of outstanding common stock. Paul nounced 228,843,725 ten-year 2%% form ern should not approve held American Airlines, Inc.—Buys $4,050,000 Debentures— 223,333,395 Anderson, Clayton & Co., Inc.—Opens Mexican Plant— the The corporation also reported that it had purchased during December 15,700 shares of series A preferred stock for the account of the -corporation, and that as of Dec. 31 there were outstanding •of and Trust —V. No was of exchange may 40 Federal Reserve System its . its American 6% Louis fractional tenders open shares 4,550 1,737,783 55,852,381 number average principal permanent Reserve Banks prior common 2,518,112 subsidiaries its manent 40 Condition Statement of Member Banks of firms preferred stock for 10,497 shares ttock, 4.520 shares of Long Island 72 40 Utility says that Dempseytown change Offer— Amercan Announcements Combined Condition Statement of Federal The , Dividend application Penn 88,223,581 235,628,151 230,696,265 7,612,870 Permanent Debentures & plan of liquidation Company Act of a Holding 110,972,061 57,590,164 & interest Holders Dempseytown are both wholly owned subsidiaries of which, in turn, is a wholly owned subsidiary of Pennsyl¬ Electric Corp. The latter now has on file with the Penn vania •SEC Clearings and ■North Allegany's of Bank Foreign Exchange Rates The Allegany 39 Course Redemption Calls and Sinking Fund Notices. .40 common 24,178,899 shares. on other aiid 69,126,741 323.851,732 28,891,707 • 43 The lines, 122.5 miles of field of production lands, and appurtenant pay all General Corporation & Investment News..Cover 55,458,907 341.668,326 69,678,007 per portionate 254,724.991 15,515,552 ints. T. min. "'Based > 286,209,419 72,196.119 to A.T. -Earns, Miscellaneous Features 101,934,758 189,206,932 81.769,063 deductions. to 113,577,934 223,326,750 12,666,224 stock Co. located in McKean, Potter and Tioga Counties, Pa. are Allegany Applic, Applic. 46,806,322 66,253,511 , 101,087.826 income Net National Quotation Industrial Stock Averages.29 (net) 1949—12 Mos.—1948 2,868.938,243 2,599,182,376 2,245,624,140 2,053.315,095 26,265,610 88,421,602 income Interest Cbm- distribution of (Dow-Jones) 38,951,663 inc. income Total 674,101,844 562,588,226 534,776,401 55,720,945 operating tOther 29 Bond Averages $9.20 partly estimated. 1949 1949—3 Mos.—1948 745.687.436 taxes—_ opcr. Net - properties, which Include about 298.8 miles of trans¬ lines, 253.6 miles gathering lines, 6,131 Other 30 and revenues, Operating expenses. Fed, inc. taxes 38 Stock JFigures for December Period End. Nov. 30— Operating ;—34 37 the $9.48 number of shares outstanding. tDoes not inolude proportionate interest in munsLributed earnings of average company's 35 Allegany Gas Co. North Exchange 34 Tho three companies, all of Port Allegany, Pa., submitted the pro¬ posal in a joint application, which also includes a request by the two selling companies for authorization to transfer their facilities to mission Stock $2.33 46,165,357 IBELL SYSTEM CONSOLIDATED EARNINGS REPORT 33 Transactions New York Curb Exchange Federal 13. $2.56 55,180,000 % 32 Exchange Stock Exchange company of all the natural and Dempseytown Gas Co. has Co. application an announced was Stock Francisco 11,373,365 54,179,458 227,700,000 207,617,760 52,252,367 216,130,000 203,101,621 56,090,000 on subsidiary companies. this by 3 4.740,000 ^Earnings per share "•Based 282,880,000 253,783.117 63.740,000 — 32 Allegany Gas Co.—Proposed Acquisitions— The income Dividends 30 —30 Toronto Stock Exchange—Curb Section. the for cents on tNet 31 Toronto 877. p. Exchange Exchange Transactions New York Stock Exchange cents with compares ago.—V. year a amounted 30 Montreal Curb Exchange rate of •for income taxes at Interest deductions 21 the Montreal an income 31 San Net 17 (Bonds) Pittsburgh Stock Exchange Agncw-Surpass Shoe Stores Ltd.—Sales Up— Salea Total Philadelphia-Baltimore Stock Exchange. an 2581. p. (net) Midwest Stock Exchange the Indianapolis the purchase represent Stock — income income 27,810,000 32,130,859 239.890,000 204.584.659 9 Exchange Stock Other Los Angeles Stock Exchange—. for will (Stocks) income Interest Page income. oper. participating preferred stock has 15, next, at $50 per share and accrued New York Stock Exchange Midwest Stock Exchange Chicago Board of Trade New York Curb Exchange (Associate) Phone CEntral Bell 7600 Teletype SL 593 • 2 (358) THE Arkansas-Missouri Power Co.—Refund Authorized— The figure the represents $415,000 according to Commission. regular —V. The in will who were fund C. he of excess rebate Charles refund customers 170, earnings customers' Chairman set Wine, made the on rooeiving 6% will and several up Chairman service in to ago, the February bill The come years of November, 1949. The company on Jan. 13 filed a registration statement with the covering 33,097 shares of $5 cumulative preferred stock (no par) 40,425 shares of common stock ($1 ipar), Which are to he offered exchange common issue for stock, 1.2 the 5% $20 shares cumulative preferred stock, $100 is ing although preferred stock (with cash at the rate of $100 for share to be paid in lieu of the dssuanoe >of fractional shares of the $5 preferred. Ashland will issue 35/100 share of $5 preferred and 1/20 share of Ashland common in exchange for each share of FreedomValvoline common (with cash at the rate -of $100 for the -preferred and the last exchange fractional According "Shares have of the stock and and value. As of in whole debentures, stock of lieu shares 4,000 Oil of value its outstanding the due Ashland sale of proposed 1970 and 30,000 20,000 has filed also of $15,000,000 shares preferred of of "selling of (Louisville Aetna into stockholders Amendment proved the of 21,350 used J. for Ashland and the articles of in favorably of incorporation cumulative $5 the the upon ended purchase 3% of Aetna also was ap¬ preferred stock of 33,097 and merger the original conversion right purchase 56.18 to sinking fund debentures due 1970. conversion upon to the shares 50 Upon tion fractional of issuance rights conversion ■or 280.90 rate basis stock common 171, for 170, Western of bond due 1958, with cash at $1.80 share per under It was time •on announced from net each quate the Dec. $1,000 bond, instead of the original 14 30, that 171, stock who did preferred 213.6% in the six outstanding rose from increase an of not have stock W. their present H. been net assets stock 301,359 months' period. 177,299 shares, on At June 1949, the to 30 170%.—V. or Fund 31, same 478,658 170, into in account the *r'„% amount tively, to its Barium The blast Steel initiate will or added that Geo. Moore pointed all operation decline that domestic which of its of in 29 Mr. conditions in and have plants earnings. competitive out the foreign shown in the Moore arising through 194.9 U. S. did attributed increased the volume find G. year's A. G. J. and announced with Aiex. the acquisition modern of ;a pig iron producing capacity of approximately 600 tons daily, thus completing the integration of Bar¬ ium as a steel-producing company. The furnace was purchased for approximately $500,000 after some $4,870,000 had been spent on it In the last six years for rehabilitation, modernization and enlargement. plant is located on 11 acres on the Delaware River. With the new acquisition, this corporation will have an annual pro¬ its the capacity of .approximately 160,000 tons of basic pig iron, 800,000 and approximately 600,000 products, the announcement tons of open hearth and electric steel ingots tons of semi-finished and finished steel said.—V. 170, Magee form & a Brown Co., sales new Philadelphia, and service Optical Co., Northeast V. 171, p. 190. Pa., unit Division, were on be known to with 30 Dec. Bausch as headquarters in to merged & primarily to "highly industry's effort to offset of sales."—-V. 171, 17 resolution by a available tures, income net outstanding —V. Union authorized payment 4% series 170, and and 194.9 for these series A, 15-year 1, 1, was The convertible arid Tnis than more convertible all on 1950, 1950. payments. 4%. 3%% Oct. May tire board that there in debentures, B, 1 on interest of also & recently completed capacity of 10,000,000 rated a rayon spinning machines, when needed.—V. 170, with at cost a pounds of lor space of about sufficient Ira deben¬ trustee, due Sept. Carolina Power & $2,731,441 Carl 2,124,711 oper. Other revenues income Gross $606,730 _ (net) and 22,583,649 $546,940 Si due $5,853,764 26,525 128,919 rayen additional an It yarn. 20 has 60 $7,027,023 $5,968,040 482,146 machines 1910. p. ■eight sold V. 404,879 4,856,163 817,940 780,440 170, 1910. p. corporation 150,000 shares, stock Co. Jan. 16 announced that it has sold One of the assets of the Spreckels Companies is Spreckels Sugar Co. which operates three beet California. The other 50% of the stock of the a the tn in Co. has its been owned to the company's 50% interest factories sugar Spreckels by The American Sugar Refining Co. for Sugar On for 105,800 the basis on 011 Jan. Blair 369.878 Midwest 11.—V. Jan. share per F. 7, 1950. shares of of Feb. 1, effect the & Co., for each shares were New York. Exchange Midwest on 50 par cents, at the Exchange admitted were common quarterly since is July, declared stock, opening of of 1945.—V. 40 170, quarterly dividend a payable Feb. increase an dividend 50 some Blair Holdings the Spreckels Corp. was Companies a member June on the of group 1948.—V. 169, p. 7, which Central New York organized The tal stockholders stock stock from $4 dividend date.—V. 170, on Dec. 20 million paid Dec. to 21, voted $4.5 to increase million 1949, to to the auUiorized provide stockholders of for a of five cents same The Boston Terminal reorganization are support of land-Atlas or in National Bank will as debtor.—V. held for of Bank Boston), of the purpose as 170, p. of Boston of of a receiving evidence reorganization of (formerly amended, assist in consideration and Webster in the Rockand Atlas receiving such other plan of reorganization for evi¬ the 2582. per 15 cents to share which cents 45 holders -of per share of record been letter of notification filed with the SEC on Jan. 16 covering 2,200 shares of common stock to be sold for the account of a selling stockholder through Lamont & Co., Inc., Boston, Mass., at market (approximately $10 per was share).—V. 170, p. 784. Corp.—To Increase Natural State Natural Gas Corp. below.—V. 171, 190. p. announces to appear 1948. The Jan. Two and was on other Kuhn, Bear, 19 that be according to good. balance to & Co.__ 150,000 k Co., & Weeden & Welsh, 300,000 Co., Inc, and & 1,000,000 Co. 150,000 Cummins, Inc. , 1,000,000 Co Davis Wheelock 150,000 Inc.___ 150,000 —, Harold E. Wood & Co._ Woodard-Ehvood & Co._ 150,000 Inc. 250,000 F. 100,000 Yantis S. & Co., 100,000 has issue been of secured called Payment for will be ground rent redemption made at 5V2% Feb. 011 the bonds 15, next, & Elsley Marshall 1578. p. has common for the stock in subject year 1949 to The issue the bonds bid of 98.81%. bids were & Co., was received, Lehman viz: . at are will 7% three-story a A. H. Jan. in building Graham.—V. offered 2 168, at East 3 52nd St., 1359, p. Offered Employees— employees the right to purchase the oversubscribed. The sale H. on Dorr, A President and & of merger the two principal companies 1559. p. of notification of filed was capital stock, 110 stockholders at With with par SEC— tlie SEC Jan. on value, to be sold >6 covering the for account prices Fay, San Francisco, Calif., will be the corporation Jan. on bidding, 18 received 304,998 SEC shares underwriter. authorization its of shares on .share. On for inviting on May or 24, Proceeds request after the are of 1949, common bids for subscription are corporation, so to as 23, portion sale the of the Jan. unsubscribed to permit of by to sell, stock, the opening 1,345,300 no shares stockholders used be for Commission the of at $10 construction. reduced bids the for the period stock 1950. " The to corporation purchases the position be of the Five of 30.500 subject of offering necessary common stock or for a desirable, to make stab¬ period 24 hours prior of bids, such purchases not to exceed a net long shares. Disposition of the shares so acquired will an investment proposed its of opening if proposes, amendment to be filed by the corporation. banking groups are in the field to this corporation of 304,998 shares by bid of for 4 the additional stock. One group is managed by Morgan Stanley & Co.;. by Merrill Lynch/Pierce, Fenner & Beane; one jointly by Shields and R. W. Pressprich & Co,; one jointly by Lehman Brothers, common one Co. Goldman, Sachs & Co. and Union Securities Corp.; Inc., and W. C. Langley & Co., jointly.—-V. 171, , Co., this corporation in -Challenge Airlines shares) S. Inc. authorized 16 (224.000 to Airlines, 169, Dec. on value. offered & competitive Board Monarch competitive • per show Interstate Morgan Stanley 81 Brothers, Lazard Freres sold to Bids will be reoeived by the corporation at its office, 120 East 41st Street, New York, 17, N. Y„ up to 3:15 p.m. (EST) 011 Jan. 23 for the purchase from it of 304,998 shares of common stock, without par velue. These preliminary figures the Revenues publicly offered, awarded its Loeb & Stroud (The) Columbia Gas System, Inc.—Bids for Stock— Co.—Earnings Up— of and accrued interest. 18 900,000 Co., 250,000 Thomas Co.___ Y., selling Hooker at Commerce Commission authorization, $55,000,000 of first mortgage 2%% bonds, series A, due Jan. 1,1980, at 99M>% Jan. & Walter Stokes & Co 1,600,000 1973, of shares ilizing on Co Nicolaus ranging from $7.25 per share the first 1,000 slvares to $11.25 per share for the last 1,000 shares. for in Chicago Rock Island & Pacific RR.—Bonds Offered— Halsey, Stuart & Co. Inc. headed an underwriters' group that Smithers & the over has letter five of approximately 20'%. Earnings per share are estimated slightly in -excess of the $2.93 shown in 1948, despite the sale of common stock in July, 1949.—V. 170, p. 2127. group Botany Mills, Inc.—Files With SEC— A be assigned for further public hear¬ opposition to the plan National dence be 1949 increase S. SLix Color Television, Inc.—Files 5,000 25,240 additional shares of 77 of the Bankruptcy Act', as Exeter, Eoston, Mass,, before Examiner Harvey H. Wilkinson. hearing is to to Co.—Reorganization Hearing— proceedings ing under the provisions of section amended, on Feb. 7, 1950, at The for greater than for an The York company results 150,000 Scrib- Inc. 1,600,000 contemplated.—V. 1695. p. Power Central Ohio Light & Power l2J/a% record 2326. p. F. Stifeb 500,000 Aeronautics stockholder is par capi¬ Co & 300,000 1,600.000 its controlling interest subsidiary, for $277,000 a. The New Si Dearie ner 1,000,000 interest. Civil sell business Gas Facilities— Co.—Capital Increased—Stock Div.— 1.000,000 Simon Claude Neon, Inc.—Sale of Airline Approved— 1106. See Boston Insurance 250,000 M. to years. ... 150,000 1,600,000 New The Sec 3069. directors This 1950. regular 1,600,000 additional share one Unsubscribed Ciaybaugh shares, Stock 162, p. 12, the 011 Inc. Co treasury at SI less than the market price York Stock Exchange. The total number of shares offered shall not have a purchase price in exoess of $300,000. The offering will continue to Jan. 31, 1950, unless prior to that time the entire $300,000 of stock is sold.—V. 170, p. 2022. stockholders common subscribe share Central Louisiana Electric Co., Inc.—Larger Div.— holdings or & 600.000 company 011 stock held the to the on Jan. 1,600,000 1,600,000 & Inc. Rhoadcs company The A approximately 41% of the outstanding capital Spreckels Companies, to The American Sugar Refining the of on by outstanding trading Co._ Sills, Fair men fc Harris, Clark Equipment Co,—Stock 190. p. The on This to per expired public Blair Holdings Corp.—Sells Spreckels Stock— of issued $2.25 Centlivre Brewing Corp.—Listed running at a high level," E. J. Gossett, Presi¬ stated, "and there is still a considerable backlog of orders to be filled,"—V. the Romeroj. I. outstanding 15, and York, N. Co., "Business is currently dent, to & Hutzler Si Hutton Shaughnessy & Co., Inc. 4,116,506 for the period entire The New 1949, at shares held, 171, Bell & Gossett Co.—Business at High Level— 26, stock common Bros City Investing Ce.—Sale of Realty— recently Dec. Rothschild 114,276 $573,465 Corp.—Rights to Stockholders Expired Jan. 7— rights record F. Schoellkopf, Shields •Bank, Milwaukee, Wis.—V. 126, on of L. 400,000 Singer, , & 150,000 Robinson-Humphrey 300.000 __d common has 200,000 1,600,000 & Oo. Gardner 190. p. Feb. 101 at inter¬ after taxes Cenco Sliep- Ire Si City Center Realty Co., Milwaukee, Wis.—Bds. Called The 75,416 Dividends applicable to pfd. stock The Co., 600.000 Mo ran 600.0<M> Co. & Inc. Co 100,000 Co., 150,000 ,___ 171, Inc. & 500,000 Corp. Co. Loeb. Mason, 150,00® Pressprich W. Salomon Co.____ Co. —V. 20,376,232 $6,898,104 Co.. * $26,229,996 $682,146 income income 1,917,097 M. & Hawley, '& The & Co., Inc.—_ 250,000 Taylor Sr Co.___ 650,000 Higginson Corp 1,600,000 Lee 1949—12 Mos.—1948 $2,464,037 $29,481,753 ard Reinholdt Kalmail Light Co.—Earnings— 1949—Month—1948 Operating revenues Oper. exps. and taxes__ & 150,000 •& _______ Prescott, 1,600,000 Co._ Illinois Co Copciand Inc. ' Pollock R. Kean, 1, E. 400,000 Co.___ & 1,600,000 Palmer 150,000 Anderson Son. & Jackson Inc 300,000 100,000 300,000 Si & Co., Co 500,000 W. Pizzini Win. 300.000 Ilaupt The is notifying holders of 1965, that $104,000 as B. 300,000 Ma niche Parsons Period End. Dec. 31— est 300,000 Co Ellis 400,000 & & 1,600,000 Kendall, 1,000,000 Cor Michigan & Co Webber, Patterson, Hoyden, Stone & Co 1,600,000 Hemphill, Noyes, Graham, debentures, principal amount of these bonds have been drawh by lot for redemption through the sinking fund on March 1, 1:950 at 106%. The bonds will be redeemed at the office of the Louisville & Nashville RR. Co., 71 Broad¬ way, New York, N. Y.—V. 151, p. 543. Net & & 300,000 150,000 & Co 300,000 Steele Co.__ Co.__ Curtis Roger S. Co., Harris, Hall & Co. (Inc.) has company / $11,000,000 Paine, Securities of & & Co 150,000 Co._ & 100,000 Ohio & Merle-Smith Gregory & Hallgarten 2582. p. J. P. .Morgan & Co. Incorporated, ffisb mortgage 4% bonds, series A, company's new viscose rayon plant at Childersburg, Ala., will foe operating at full capacity by the end -of January, according to X, Rogosin, Piesident. plant, Otis 600/000 1L. Gicen, action income income of The The 500,000 Co 1,600,000 Miller O'Gara 300,000 Trust C. O'Cmnell Alfred Co. and Bcane R. Newton The ____ and fc & Pierce, Inc. 250,000 Co._ Granbery, Jan. on M. Homer 100,000 &' Freeman Beaunit Mills, Inc.—New Plant in Operation— - Co.__ Co. directors outstanding debentures, due on April sinking fund payment, of $500,003, due E. mort¬ respec¬ 100,000 900,000 Sons Collins Fauset, 102. p. 349 principal Co. Corp. 1,600,000 Farwell, Chapman & Co. 250,000 ments Authorized— Lomb Yox-k.— New & Hutchison & & 150,000 & first the purchase Mullaney, Wells Newhard, Cook 1,600,000 Phillips Co Equitable a this Capital Airlines, Inc.—Interest and Sinking Fund Pay¬ Net Bausch & Lomb Optical Co.—Subsidiaries Merged— Two subsidiaries, Colonial Optical Co,, New York, and Mclntire, Inc. Co Day & Co Dempsey Si Co.____. the suffer 493 issuance 250,000 W. 100,000 Inc. First 2222. p. Co. & Codings Dick E. 500,000 & the and to Lynch. 500,000 Courts record McMaster 750,000 Brothers Julieu of 1980, Me mil & Securities Corp. & Burr Inc R. agreed 150,000 Co Byllesby C. 1, have Feancr C. neces¬ Only in 1950 Co. ' Brown purchasers Jan. Co., Coffin Canadian comimny 1. ' Clayton The duction & Parker Blair M. the due they Inc. $4,550,000 Uurr .fc Co.. Inc.. Carolina, Ciinchfield & Ohio Ry.-^-Partial Redemption a A, which 1,000.000 Bradford Evyd showed in growth. 27-679 155 7o'524 II" 140,'903 follows: Becker C. of names scries bonds Boettcher and Co it TO 1.111-1111" Applegate & Co. Si Dallas company licensing 00nsistmt from will EFFECT - ______ Bache 1949—12 Mos.—1948 bottling companies during the year. (GIVING 5 % (par $100) (stated at $10Q per share)_! Red pa til $126,092,490 $157,465,692 other will owned. are OPERATION) Securities Auchincloss, told Stockholders on Jan. 9 that Canada price increases in most areas of the United take similar action operations, Corp.—Acquires Blast Furnace— corporation on Jan. 12 furnace at Chester, Pa. such as American beverage industry "receives inade¬ selling its beverages at prewar prices in operating and ingredient posts," products, which 7,157 Coast. A par Hal.sey, Stuart4fe Co. East carbonated increases which $55,000000 series no bonds, of are Hirsch ' Gulf CAPITALIZATION ofoligalioaas stock Inc. past $55,000,000 bonds stock, William 1949—Month—1948 'President, earnings in both 666. p. Texas Corp. Ames, Emerioh taken present used bonds, and important agricultural areas territory from Lake Michigan and the Mountains and from Minneapolis and Rocky UNDERWRITERS—The gage \ been 4% cities plains the of and funds $12,000,000. Vodrey, Secretary, 517 of obtain mortgage property owned by the company at Jan. of additional first 11101 tgage bonds is limited to for notified principal West to road prices be $33,644,500), to NOTE—On 102. p. the for He Mr. a this of Dec. on the mortgage Common 14745. p. to the First National Bank or the Middle to Preferred will H. that Moore, followed the 1949, to $7,169,462 Paul First com¬ incurred to applied mortgage 4 V2 % general (approximately of REFUNDING conditions accept, the Distillers which & A notes at , are the OUTSTANDING Chairman, in the company's annual report for the 1, 1949, states: "During tnc past year, the company's Cuba were sold to local interests • at a gross loss <of progressive W. The of shares 31, June on St. of ■Caldwell prices despite 1290. p. Jan. on $2,285,970 Increase other subscrip¬ Axe-Houghton Fund B, Inc.—Assets Rise 213%— ■a and series promissory bind¬ Breweries Brewers the rose 90% 190. p. Declaring on shares waiving this Unless necessarily of mosu vast purposes • bonds the company's total mortgage debt only $7,€85 per mile, of road owned. rate ot Mississippi River Canada Dry Ginger Ale, Inc.—To Raise Prices- the at July 6, 1949 (see V. 169, p. 2747), the changed 'from $4 to $3.56 per common share, shares.—V. 10. not the m There Oct. in mounting costs stock common was is fund the company's bonds, of (Inc.) evi¬ of $4 per share, now •entitle the holder to $3.56 per share, or a total of 337.08 common of and exercise of warrants attached to each expired common 250 of bonds, shares. of which company's of $1,000 general mortgage and collateral 4Va % lieu Feb. sinking of constitute the seives outstand¬ share. for 100%. COMPANY—-Operates 7,619 miles Shareholders of certificates to the stock and offer $9,593,540 $12,325,707 —V. States. price at of 5% new Sales sary to attached purchase shares their 3 at It the of per will ■be wili R. warrants dencing $31.50 to redemption of all ©f the company's first ($25,7WD,>000). Upon these retirements Equipment Period End. Dec. 31— Dry has shares the the $5) Butler Bros., Chicago—December Sales Lower— proposal. Atlantic Coast Fisheries Co.—Conversion Basis— Stock for control at redeemed A Freedom-Valvoline of is to sell $15,000,000 171, p. 189. (par outstanding. in Jan. subsidiary a preferred operations."—V. Oil Co. Several stock¬ of these companies will sel) 20,000 Shares and the company intends -to sell 30,000 shares publicly for cash, according to a registra¬ tion statement now 011 file with the SEC. At the same time the com¬ —V. Ltd., Distillers made $1,384,453, which loss has has become effective, merger acted shares issued acquisition authorizing approved the terms for merger of Aetna already were .on stock be income payment semes Spencer Love, year holders pany for properties Ashland 150,000 shares the in 16 hav1™- to authorize which Jan. on is the in & Burlington Mills Corp.—Sells Cuban Property— fund preferred stockholders"). stockholders purchase forward then' certificates for payment to Merger and New Preferred Issue Approved— The Oil Co. to turn & Broadway, East Liverpool, Ohio, Liverpool.—V. 170, p. 2434. state¬ offered be to are vote capital to Western Canada Breweries, Ltd.—V. 168, 6% of * by to shareholders name exchange sinking cumulative $5 shares 8% Ritfdeia part. become Holders Co. common registration a C. Brush-Moere Newspapers, Ine.- -Redeems Unexchanged 6% Preferred Stock— Freedom-Valvoline. of convea'tible to of common). Freedom-Valvoline of authorized company between Brewers provision sufficient will asked in scheduled to were Breweries, iafter Canada in or change its 1949, the aggregate book value Freedom-Valvoline Oil Co. was of book aggregate additional (an sale outstanding stock in paid shares If pany $5,566,624." covering •stock Sept. 30, preferred the stock be to common fractional and common previously reported, ment the for prospectus, there are shares of common outstanding was As price preferred 80,851 preferred market MOO,000 $5 of to the and of no selling shares preferred in been of turned full a foe have Bank stock W. also may PURPOSE—Proceeds from the. sale the redemption of all of the issue 21 offered Western of by shares. recently shares headed bonds ranging from 101.50% publicily late syndicate a increasing on million 1 company Royal Freedom-Valvoline , to Jan. on and 269,235 Western par, of Freedom-Valvoline Oil Co. Ashland will its $5 preferred in exchange for each Share of of 750,000 Monday, January 23, 1950 the to ing stock of the are and par, CHRONICLE connection with expansion of operations, proposes first mortgage bonds and an issue of convertible expected the securities will -be offered stockholders The The in FINANCIAL on is borrowing from Ashland Oil & Refining Co.—Registers With SEC— and It February, 1950, through Co., Ltd., Montreal, Canada. the SEC issue an in all 2433. p. An company, create debentures. State to & Brewers & Distillers of Vancouver, Ltd.—Proposed Fi¬ nancing, Stock Increase — Acquisition and Change in Name— The Arkansas Public Service Commission recently authorized this company to refund approximately $300,000 to its 37,000 customers in Arkansas and Missouri. from COMMERCIAL p. and Blyth & Co., 3. 93.68; Co. and Stearns & Co. (jointly), 98.60; both for 2a%s. Redemption of the new first mortgage bonds may be made at "the option of the company at prices ranging from 103.50% to 100%; Columbian Carbon Co.—Subsidiary Sells Plantit is reported manufacturing Co. It was that plant at assessed at H. D. 74-78 Rooscn 20th & St., $105/000.—V. Co., Inc., Brooklyn, 170, p. 980. N. a subsidiary, Y. to it# Debt .0%$ Volume 171 Number 4875 THE COMMERCIAL & FINANCIAL CHRONICLE (359) Combustion Engineering-Superheater, Inc.—Secondary Distribution—Kuhn, Loeb & Co., made a secondary offering after the close shares of capital stock share which the was of the (no market Jan. value) par closing price see SEC be corporation covering issued shares exchange ba..is.—V. par Jan.. on 1,400 in 168, 12 l'ilecl of for notification with prior preferred stock, par preferred stock, on a 844. p. ot for the account Feb. en series 15, A, Feb. 15, the of —V. 171, S. Executive Vice-President, has announced that this plans to open a plant in France to manufacture can scaling compounds and other products.—V. 169, p. 2417. 1961, the Dennis parent chromium Co., with subsidiary, a plants ing of the be be applied in the initial drilling, raising, with construction followed old to are including to section of the winze new ,The acquire, explore its mines and organization and Alexander Prcgel in July, develop mining properties in Colorado. the company and to acquired of process The also company Andrew received Fleming, equipped 100-ion mining property. mill to site a per day It a A% non-cuml, (par being 45-acre flotation traot of group Burns interest. decide the and Counsel for 12 old Six silver Not the from stock .(no Chase appointed par.) registrar The Public appointed not is and of both National trustee Trust tor of the classes Bank the Co., Continental & Dec. 6, York, Net un¬ City of stockholders of per p. stock.—V. Blake, increase Sept. of President, in the 30.—V. sales New due York have 171, been company York, 1965, N. Y., to are Jan. be 31, year." has been of the the was is least dissolution of The dis¬ indication every company's the will to the be oi to & used the one be Co. for treasury extent stock (without common share for offered is fiscal named With par subscription Gas be the as by principal company on Jan. mission that its supply lifted. gas The The Most of D. E. Gas facilities that to gas under in 256 Co. Panhandle the was General subsidiary, movement able to of gas to Other enlarge its possible was that be Balance 171, that pipe As of to storage and capacity last fall Net has .acquired the Ky.—V. 170, p. 6o9. company United a p. 2435. (Steamship) Co., Ltd.—To Merge Subsidiary— this company is -reported to ing over Atlantic steamship operations now conducted by White Star. Ltd., a wholly owned subsidiary.—V. 167, p. 1920. The Commercial William Dana and Finanoial Seibert, Chronicle President,^ William Salle (Reg. D. U. S. be tak¬ Cunard $399,452 $169,558 $1,978,859 and and liabilities of $220,559.—V. River Gas Works 27,616 9,909 $113,416 6,709 63,114 67,945 $25,369 $201,975 $181,362 . income from inc. gross 4,576 ,4,906 52,400 36.764 $13,349 income per capital $20,464 $149,575 $144,598 $2.26 $2.10 share — 170, 1913 p. for 1948 and the the Lazarus an new Fresh Meadows branch of Eloomingdnles. that the recent increase in Federated dividends rate of $2.00 to $2.50 on the common stock was said annual an operating company.—V. made There ture N. have been called recent corporate a holding company 192. p. Corp.—Partial Redemption— for redemption bonds such as the measures organization irom 171, First Investors Shares $5,000 67e convertible > . Food Fair Stores, Inc.—Stock Sold—Eastman, Dillon & Co. on Jan. 11 announced the closing of the subscription books on the offering of $8,000,000 15-year 3% sinking fund debentures. See V. 171, p. 192. 236,241 Foothills Oil & Gas Co., Ltd.—New Control— —— $2,154,933 Control of this company was troleums, Ltd. from Imperial $1,775,364 175,141 interest Holding Association 184,735 The transfer at ,232 office Longheed $1,590,629 Ford for Oil the recently Ltd. Building, Calgary, acquired (see by latter in company's capital Alberta, 1949 E. 1948 $1,758,598 160.512 V. Federated 170, stock is Canada.—V. 1,371,300 157,911 ___. Executive "1949 was and last, year 1,426,727, compared 1949 1948 $27.14 2326. Vice-President, a year technical Stock '- 151, the A complete new production this 1947 $23.65 37,029,242 line Ford iT. F. engine department, announced 1943 National Bank, Chicago, notified holders . -Distribution of funds 7, the were 6% income arc to be corporate used for improvements to 171, p. 191, purposes.—V. the stock notes Jan. 20, Office) William B. Dana Business Manager. Published Company, Publishers, 25 Park on depositary receipts dividend 1950.—V. available begin¬ the bank, leased a year-end outstanding all since Ford 1929. 1949, units in statement, engineering products." Mr. Breech trucks. including said. Tractor division turned coaches, was 1948. industrial Jan, power units Manager 11.—V, 171, will the of p. into go industrial 192. stock a American ' trustee that 1894. company has authorized distribution to its ordinary stockholders dividend of cne share of AV?;VU. redeemable preference stock, par value 16 shillings, for each ordinary share held, the New York Curb Exchange has been informed, Guaranty Trust Co. of New York will distribute the stock dividend to holders of American depositary receipts for ordinary stock of the company in the form of American depositary receipts for preference stock. 1947 $15.05 (Chicago) p. (England)—Stock Distribution— The of $15.34 $18.22 — in Baciiman, 31,408,228 "1949 share... highest 1,153,083 of month, $23.73 2336. in by year with located Announces New Power Unit Line— Fund—Asset Value- ' marked improvements was Pe¬ 2055). p. now Output Up— The Ford division produced 840,980 cars and 244,742 production' totaled 104,267 and the Lincoln-Mercury out 203,239 Mercurys and 33,329 Lincolns. Production of all units for the $1,573,863 1,371,304 Breech, that Production 15,260 $1,568,426 —— R. sta,ted advancements 169,475 113,434 _ Motor Co., Detroit—1949 Only) $1,743,567 : income Howard deben¬ due Sept. 15, 1954, at 105 and interest to Feb. 15, 1950 at Guarantee & Trust Co., trustee, 176 Broadway, New York, Y.—V. 166, p: 1354. ' • Title Fox There of 4 on Jan. for, the 18, 1950. ordinary stock Record date were for the 170, p. 2225. quoted dividend were recently called for redemption on Jan. 15, debentures dated Jan. 15, 1947 ($7,000 1950, serial due $10,000 Jan. 15, 1952, and $3,000 due Jan. 15, 1953) at 100 and interest. Payment is being made at the St. Louis Union Trust Co., St. Louis, Mo.—V. 165, p. 683. ^ Freeport Sulphur Co.—Dissolves Subsidiary— Freeport Exploration p. Co., a 303. subsidiary, has Frobisher, Ltd. (Canada)—Sale The of company in December its capital stock at $2.75 was per been dissolved.—V. of Stock 170, Options— reported share to to have sold 20,000 shares Nesbitt Thomson & Co., Ltd., Montreal, Canada, and 20,000 shares at the same price to Ventures, Ltd., parent, payable by Jan. 4, 1950, and ha,, optioned 100,000 shares at premises , S3 same per- share price to to Nesbitt Ventures Place, New York 8, (general news and Thomson Ltd., & exercisable Co. by and 60,000 June 9, shares at 1951. N. Y., REctor 2-9570. 135 S. La twice a week Herbert D. Seibert, Editor and St., Chicago 3, 111 [every Thursday Publisher; State 0613);-. 1 second-class matter advertising issue) with Drapers' Gardens, London, a statistical February 25, 1942, at the pest issue on E. C., England, c/o Edwards Monday!. Other office at New & Smith. York, N. Y., under, the Act of March. Copyright 1950 by William B. Dana Union, $35.00 per year; in Dominion of 3, 1879. Company. Reentered Canada, $38.00 per year. Subscriptions in United States, U. S. Other NOTE: On account of the Possessions, Territories and Members of PairCountries, $42.00 per year. fluctuations in the rates of offices; as American exchange,, remittance for-foreign subscriptions and advertisements must be made ex was Brothers Mfg. Co.—Partial Redemption— Va ','c Patent Riggs, (Telephone * 1949—12 Mos.—1948 $1,890,421 $1,874,442 $163,410 $1,539,123 2,500 —,—— 50.624,338 general Co.—Earnings— 1949—Month—1948 possible partly by expense-saving simplification which changed, the 22,124 278.842 of assets $17,926 Mr. $1,539,123 $1,873,591 , share.—— proceeds listing 1,761,026 from Edison Brothers Stores, Inc.—Private Placement—This has concluded arrangements through Lehman Brothers, G. H. Walker & Co., and Bacon, Whipple & Co. for a loan of $1,750,000 from a life insurance company to be evidenced by a 3Vs% 17-year promissory note, due Jan. 15, 1967, Harry Edison, President, announced 011 Jan. 17. ... for York, 2557. $138,861 Not, company The New 166, p. 1,751,559 rev. sales 77,652 $1,873,591 — Receivership— fiscal year ending Jan. 28, 1950 are expected to be. "considerably larger" than 1948 sales of $346,526,318 and "the largest for any 52-week period in the company's history," Fred Lazarus, Jr;, President, told stockholders on Jan. 17. The 1949 figures, ho explained, will include those of Milwaukee Boston Store, acquired in $1,638,898 77,652 j- upon surrender of the notes at the office of South Dearborn St., for payment of principal and all accumulated interest. ' $194.30 interest was available for distribution on each $1,000 principal amount of notes. Interest ceased to accrue on Dec. 7, 1949.' The trustee further reported that no distribution will be made at this time to preferred unit "holders, but will notify them when such distribution will be made.—V. 170, p. 593. and $5,004,438 ■ recently Dec. $3,882,150 Federated Department Stores, Inc.—1949 Sales Higher Total ' ning $552,693 413,750 Valley —. above) (as surplus— at Earnings 384,896 -• First $5,418,180 144,750 $2,023,795 454,314 Edgewater Beach Apartments Notes—* 1950, $4,355,096 472,946 $18,660 591,909 $2,433,173 191. p. 34,479 2583. p. $1,431,886 31,868 1 per 170, $587,172 57,500 stock common $8,017 to $201,426 38 Co.* head pfd. 152,972 project 37,416 Sept. 31— assets —V. 2,770,310 deductions- 292-mlle, The $1,908,784 526,388 A As of Dec. 31— due Higginson simplify operations, main lines. $231,428 dividends 170, p. 1.278.244 1,494,366 near application, L Eaton & 2,843.754 274.627 $456,952 Ford Motor Co., Ltd. ne The this 170, order terminus $1,321,123 $15,668,874 $15,268,32^ 1,173,998 K 13,762,090 13,836,436 54.301 ——.— per 115,977 171,607 — and Deducts, 1949—12 Mos.—1948 income from assets 252,946 tax S. H. Rifkind on Jan. 3 appointed Peter Schiller as receiver company following the filig 011 Dec. 30 of a voluntary bank¬ petition in the Federal Court Gross Subs.)—Earnings— $147,126 assets the 1 Corp. and Kinsley & Adams which offered on Jan. 18 a secondary distribution of 28,556 shares of common stock (no par value). The stock was priced at $51 per share, less a $2 per share concession to members of the NASD. The issue was over¬ subscribed and the books closed.—V. Cunard (& 62,178 income Net 65,715 $9,466,743 per¬ Eaton & Howard Balanced Fund—Asset Value— of & In the lateral $169,249 paid. Convertible dividends paid— cities, 365,352 $8,693,216 $160,988 proposed 1C3. p. 1,139,686 — p. 17,577 $977,777 operating income Nqnoper. income—net—. ■ 171, 43,448 Net extending $1,979,792 Net 8,454 $9,401,027 revenues— —V. construct sales $1,308,935 '(Earnings Common 43,157 $8,327,865 $881,505 for $104,580 Oper. Associates— subs, . 542 $960,200 — for 170, Fall ' Inc., Louisville, Lee project its Subs.)—Earnings— $838,057 _ Pericd End. Nov. 30— 1949. to of 1949—Month—1948 12 Months Ended Oct. 31— Total income —V. Crompton & Knowles Loom Works—Secondary Offer¬ ing—The First Boston Corp. and Estabrook including order an withdraw (& 7,780 — income this of capacity of approximately 200 million day for sale at wholesale to public operating distribution systems in commun¬ inc. U. Utilities taxes devel¬ income ruptcy . Expenses, Co.—Acquisition— recently reported Plumbing & Mill Supplies, group of per Co._ E. income taxes and income Judge 500,000 9,230,761 Com¬ that & gen. (Del.) Electronic Corp. of America—In 1948 which eastern an to minority interest-—— to shares costs req. -V. 12'issued ; —V. new out 30, miles requirements—Blackstone to and $1,331,071 1949—Month—1948 1949—12 Mos.—1948 $2,556,955 $2,067,299 $27,674,981 $20,763,170 1,711,118 1,106,557 19.303,958 11,353,688 revenues Balance $2.64 pipeline to motion 011 Crane Div. 14,467,722 1,257,738 13,209,984 4,994,824 applicat'on gas $194,012 Total prov.de asked said built and gas . Electric Eastern » It including 14,628 Michigan Manager, had into June income Nonsubsidiary or pipe line the delivery of a greater amount oi gas to storage. These two factors and the unseasonable warm weather have resulted in a greater amount of gas Leing in storage than had been expected. Mr. Kara estimated that at least 15,000 additional space heating customers would be connected in 1950.—V 171, p. 191. making Net (he Net Vice-President and Storage Co., a speed $603,315, initial an natural div. stock share—381,994 deductions Federal and —f Earnings of The distributed by this company is brought to Oklahoma and Kansas by the Panhandle Co. its Pa., a proposed 200 deductions-..*, Applicable employees heating customers advisement, some Jan. on , by Service and have to which record amend¬ underwriter. sufficient customers ot request service gas now its had about revenues^— Deductions Interest Public filed was operating income—net & com. 103. income being $2.68 natural 19 .filed municipalities New England.—V. Preferred gas Texas, Line Karn, Michigan is gas for connections took the supplies natural from Pipe natural Michigan townships. the Michigan the the on Commission and Eastern of advised $2.96 Income 5,183,791 withdraw Phoenixville, Dec. 011 and of Applicable the space-heating service company villages 18 near to Deducts, from gross inc. SEC Asks Lifting of Gas Heating Restrictions— The $3.43 Gross the Low 500,000 L million or Operating Oper. rev. Gas of Storage supplied line ftet in 1949-1950 construction program restrictions by was Harry 9,181,581 15,133,416 1,242,419 13,890,997 stock Commission Gross Income SEC— the value), stockholders point designed Other purposes for $1,132,156 exps. Other com¬ $101,646,810 $98,727,208 companies . , $76,000,000. Approximately $20,000,000 of additional fi¬ through the issuance of securities is contemplated in 1950. present to outstandings sharc__—_ $28 a Utility ends vear . property additions and improvements for expenditures made for «uch necessary 67,500 $1,309,533 to $6,500,000. 1943 Eastern Utilities Associates six eaph ten shares then held. for approximates unlimited amounted stock Period End. Oct. 31— * discharge or refunding of obligations incurred for such purposes, consisting of bank loans aggregating $9,000,000. The company made $33,000,000 of construction expenditures during the first ten months of 1.949; its nancing lor the lawsuit a Lecn, _ that first registration statement with a subscription, by rate are Stanley sell this was subsidiary, through its subsidiary, Michigan underwriting terms are to reimburse and, for the at Morgan Proceeds to common shares tnat — corporation utilities 1949—12 Mos.—1943 "there at company and price and offering ment. filed of 67,500 surplus applicable opment Subs.)—Earnings— Mass. 24-inch Dissolution of originally The , 102. — (Mich.)—Registers 13 S1.199.65G - requirements- Paso Natural Gas Co. Net Net Jan. offered 1950, Unsubscribed _ Power company which succeeding Manu¬ p. a The $3,091,644 $16,139,984 $11,316,978 that continue fiscal shares on 454,457 Ltd. 30— associated this -corporation Boston, ' Consumers Power Co. The to been estimated $85 per share. Marco claim (& Nov. common Federal from , 3. p. Quinlan 102. construction 1559. p. .. covering 171, mitting 1,821,750 shs. 169, 171, approved 2182. states will current, $1,377,033 p. Oper. 191. p. Eastern Trustee Appointed— 1949—3 Mos.—1948 _ 174,475 $90,914 Operating been Natural Gas Corp.—Permitted to Withdraw Application Proposing New England Pipeline— $463,750 New wholly-owned a $4,901,000 - Octave the has has out by tax common Earnings Cornoll-Dubilier Electric Corp.—Sales Show Gain— Period End. Dec. 31— months of —-V. . \ 171, proposal —— the ' _ sales & and pointed the stock dividends tncoine applicable to common The Investing Co., Inc. , Net from the ' . a shareholders Preferred Shares ities the 191,394 $98,210 Operating resigned.—V. company, 1091 Park Ave,, Inc., solved in April, 1949.—V. 160, p. $1,374 131 171, EI the company stated that should the courts the sum involved in the suit would be shareholders' equity.—V. 149, p. 725. income cubic Realty last, subsidiary, fer Ended income with to 2,000,000 shs, Trust Co., debentures 3W'r New $1,568,427 13,148 plaintiffs, —— Dividends fully a sales move contiguous intention Approved— On seven containing $1,600,000 _„ Bank Consolidated Cigar Corp.—New facturers land present - National $104,063 28,783 Pericd End. Nov, 30— another approved company that the Months Federal (GIVING EFFECT TO FRESENT FINANCING) Authorized Outstanding pfd. stock — 43.060 $126,992 deductions —V. workings. . The by Dow Chemical Co. 1946 non-conv. $100) Common patented of which (he company's to* the mine is adjacent CAPITALIZATION / a 13 President, against deducted Shortly located,' owns and building to Collier, Norris be inst tuted Charles extensive unexplored ground staling approximately 334 acres surrounding these mines which are located on Caribou Hill, Boulder County, Colo. The property consists of 32 patented claims, 13 unpatented claims in the patented claims recently 17,424 divs. COMPANY—Organized by Bories after $1,551,003 2,798 an Corp., Montreal, Canada—Sale Ap¬ Dec. on - to $101,264 2,304 income Balance stockholders Amount Tunnel, and the installation of addi¬ and mill equipment. It is also the intention of the company apply part of the proceeds to additional metallurgical and geologi¬ research. to Newark company's auditors to be between $83 tional mine cal Square Suit—: pany's office buildings, widen¬ the Idaho $124,688 per operating division Kearny, N. J., producing chemicals. proved diamond and oper. income. income—net Exploration stage to develop¬ sinking, of 367,258 Balance Subsidiary, Etc.— become California.—V. Consolidated Caribou Silver Mines, Inc.—Stock Offered L. Burton & Co., on Jan. 17 publicly offered (as a speculation) 800,000 shares of common stock (no par value) at $1.25 per share. work, at will The name of Emeryville Chemical Co.. changed to Diamond Alkali Co. of —William PURPOSE—Proceeds $468,522 390,154 Earnings Diamond Alkali Co.—To Merge Martin of 1949—12 Mos.—1948 $5,852,885 $5,346,557 4,301.881 4,015,486 $514,842 Net income Preferred dividend Ferguson, company of 1949—Month—1948 taxes__ and exps. Gross Dewey & Almy Chemical Co.—To Open French Plant H. to for 3 Co.—Earnings- revenues Utility a secondary distribution through Blyth & Co., Inc. 191. p. Electric Pericd End. Nov. 30— Operating recently offered as net, have been sold Dominion ment 308. p. Income sinking fund, at 102 and interest. Payment will be made at the Old Colony Trust Co., trustee, Boston. Mass., or at the State Street Trust Co., Boston Mass.; The Chase National Bank of the City of New York; or Harris Trust and Savings Bank, Chicago, 111.—V. 170, p. 980. drilling, 161, Other the $50. par next, $391,000 due above.—V. Records, Inc.—Stock Sold—It at $9.12 Y2 The company has called for redemption mortgage 3^4 c.'r sinking fund bonds, Co. Paso Opcr. Connecticut River Power Co.—Partial Redemption— first Carbon El was announced on Jan. 19 that the 60.610 shares of common stock (par 50c) which were cents. The issue was closed.—V. 170, p. 2022. letter a $2.50 outstanding Columbian Decca Commercial Discount Corp., Chicago—Files With SEC The Co.—Buys Brooklyn, N. Y., Plant- of 32,500, $25.62^2 per at the New York Stock on Exchange. Dealers' discount 70 oversubscribed and the books are 17 Debevoise in New York funds. the . Grain Froedtert Malting Co.—New Elevator to & Go its Milwaukee, Wis., few days, Kurtis R. announced on Jan. 12. The new elevator will hold approximately 2,000,000 bushels of barley and required 11,200 cubic yards of cement and 1,200,000 pounds of The company'*, new storage elevator at grain plants will go into operation within the next Froedtert, President and Chairman of the Board, Bteel. * All Minneapolis, capacity; July one in Detroit, running at full of $3,299,204 during the fiscal year ended in the company's history, both in dollar company's plants—three in Milwaukee, and and one in Winona, Minn.—are the in one 31 net earnings the highest and were and amount share.—V. per 170, p. scale house.' must be received at detached of the stock of the 166, Freuhauf, President, Roy to the company has sold its Kansas, plant to the Mutual Life Insurance Co., New York, N. Y., and transferred the equipment to its main plant at Avon' Luke, Ohio. J. & L. Steel Barrel Co., a subsidiary of Jones & Laughlin Steel Corp., will lease the plant.—V. 170, p. 103. $4,119,032 "After 255,930 283,657 $0.90 239,386 233,129 $0.84 213,498 232,718 $0.75 Federal taxes.—V. charges and 170, p. The 1949, amounted to the quarter ended Dec. 31, taxes.—V. 170, p. 1698. $261,720 company covering at 304. California The Period. End. Dec V. 170, 2436. p. Film Corp.—Stock Suit suit The ton from the U. S. District Court at Washington, D. shares amount to 97% of the total outstanding. in The 30. Swiss corporation, to recover stock of the U. S. Attorney General has been a corpora trial for Jan. Ohemie, G. I. of above the set it to returned were 170, p. 2024. company.—V. tiiat C., .on Rem¬ the ground that the Swiss the stock for $25,000,000 ington Rand, Inc. intervened in the suit on firm had granted it an option to purchase If Set for Trial Jan. 30— Corp.—Record Fisher Bodies Built— 1S49 built more than 2,000,000 automobile bodies, J. Cronin, Vice-President of General Motors and of its body-building division.—V. 171, p. 192. General Motors in Body Fisher to according general J. manager Portland Cement General Co.—Registers With SEC— registration statement with the SEC covering 71,913 shares of common stock, $1 par value. The offering involves outstanding shares of stock in the hands of "selling stockholders" and does not represent financing by the com¬ pany. White, Weld & Co, h named as the principal underwriter. The offering price and underwriting terms are to he supplied by amendThe company 1802. 170, p. ment.-r-V. Jan. 12 filed a on Financing— Georgia Power Co.—Plans New The Jan. 12 filed a letter of notification with the SEC of capital stock to be offered to stockholders the net proceeds to be used to increase business. on no statement with the SEC securities. Bids on this are scheduled to be received on April 4. The proceeds will to pay in pait the cost of the company's expansion program. offering used be —V. 170, 2225. p. Huntington, W. Va.—Calls Bonds— outstanding general the of mortgage bonds dated April 1, 1937, 1950, at 100 and inter¬ Payment is being made at the Louisiana Savings Bank & Trust New Orleans, La.—V. 157, p. 864. recently called for redemption on Jan. l, were est.: Co., Corp.—Files With SEC— Glen-Gery Shale Brick 171, of notification was 12,900 shares of common stock (par 50 count of selling stockholders through P. (& Subs.)—Earnings— 1949 $1,352,885 Nine Months Ended Sept. 30— Period End. income Globe after taxes— proposal to split the com¬ stock on a tliree-ior-one basis and to change the par value to $5 from $15 per share. The voting rights of the preferred stock were increased to preserve Voting ratios.—V. 169, p. 2209. 27 approved Dec. on a (Adolf) Gobel, Inc.—Certain Operations Sold— company announces that it has sold all its retail stores and retired York New 170, p. retail the Packing pursuant tions, V. from Co., tc and for $95,000 its interest in Greater and discontinued all slaughtering opera¬ field Inc., approval of the stockholders on Nov. 14, last.— & Co. — Secondary Offering—Merrill Lynch, Pierce, Fenner & Beane on Jan. 18 announced that they are making a secondary offering of 64,677 shares of common stock (no par) at $38.75 per share, less a concession of $1.25 to members of the NASD. The is¬ sue was oversubscribed and the books closed. 31. sales of charge 11,345,250 $1.93 11,345,250 $3.52 11,345,250 $6.46 tion 11,345,250 $10.32 Furniture 417 income—net $444,632 82,256 53,823 6,786 dividend per —V. p. 171, $5,561,752 $384,024 The new Jan. declared 16 169, $1 per 2,610,000 shares.—V. Dec. will 27, 1949, exchange 170, p. 2225. of record Feb. it company, Inc., 1950.—V. 1, The recently was Loekport, N. Y., 169, p. 1562. company for an has purchased Federal undisclosed price, effective Jan. reported, Service Co. (Ia.)—Ceases as Holding Co.— Iowa Public of the usual dividend of 25 cents. bring the amount of the total dividend paid during this which closes on March 31, to two dollars per share. The directors believe that it will be possible to continue payments at the $2 rate for some time, unless unforeseen circumstances shall arise, and contemplate that hereafter, until further notice, the regular dividend payable each quarter will be 50 cents instead of 25 cents, according to Laurens Hammond, President.—V. 170, p. 1699. has applied to the SEC for an order Under Co. a merger subsidiary, former which became effective Oct. 31, 1949, Sioux City's Public Service Co., was merged Into Sioux Iowa City and the latter's name was Guaranty Trust Co. of New York is redeeming the outstanding mortgage bonds dated Jan. 1, 1914, all of which have been first ing upon the called for redemption. Title Dec. 30 notified stock¬ holders that in the opinion of the counsel of the company that the capital stock is worthless and became so during 1949. The company's assets were sold at auction on Sept. 7, 1949.— V. 170, p. 884. in company, of liquidation, process on Worts, Ltd. & Jan. 3, Co.—Sale of Plant—RFC Loan Reduced the company's to Indianapolis, 1950, to Affiliated Gas Ind., plant was transferred on At the same time, the Equipment, Inc. proceeds of the sale ($817,000) were applied as an additional payment on the Reconstruction Finance Corporation loan, leaving outstanding $1,464,000 principal amount. The Indianapolis plan had a book value of $1,706,274. resulting from the sale ($889,274) becomes deductible for Loan by — application.—V. 171, p. 193. (F. L.) Jacobs Helicopters, Inc.—Stock Worthless in Liquidation— This during the current fiscal year.—V. 171, poses of It December that Hiram Walker & Sons reported in was Jewel Tea Co., (Scotland), £1,000,000 sterling from a group of and banks, all In Great Britain. Of this loan, one-half Is payable In five • years and the remaining half in ten years, both at 4% interest. The proceeds are being used to rebuild whisky inventories of Scottish distilleries.— V. 170, p. 2130. Ltd., subsidiary, a borrowed has Inc.—December Sales Increase 11.7%— 1949—4 Wks.—1948 1949—52 Wks—1948 $13,788,263 $12,348,396 $168,787,620 $152,990,515 Period End. Dec. 31— companies insurance and trust investment Sales —V. 170, p. 2584. Joy Manufacturing Co.—Earnings— 1949 1948 $9,184,000 $17,007,102 an Profit Net $21,822,200 $23,675,590 $20,166,664 4,130,741 4,721,824 3,637,064 1,569,972 1,795,628 1,452,535 _ before Federal taxes taxes $2,560,769 common 804,204 $3.32 preferred dividends.—V. bonds with a letter of transmittal to Manufac¬ depository, New York. N. Y.—V. 166, p. 2684. their Co., Hudson Pulp & Paper 170, The on holders Jan. the of Corp.—Indenture Modified— to proposal a issue.—V. 171, p. Period End. Sept. 30— ♦Net income Number Earnings sharesshare capital per ♦After taxes (& Subs.)—Earnings— 1949—3 Mos.—1948 $23,253 $145,939 213,900 230,000 $0.11 $0.63 and charges.—V. 170, p. 1949—9 Mos.—1948 $154,336 $495,611 213,900 $0.72 230,000 $2.15 I. debentures due July 1, 19G5, modify or alter the indenture Stockholders Propose The take stockholders over holders' 304. Offered for Sale— General of the United States, has Issued an invitation for sealed bids for the purchase from him, as a whole, of 2,500 shares ($100 par value each) of common capital stock of this corporation located at 37 Commercial St., Brooklyn, N. Y. The 2,500 shares offered for sale represents 100% of the issued and out¬ standing capital stock of the corporation. J. Howard This McGrath, Attorney inaptive distributor, of coal and coke, occupies option to fiurchase, approximately six acres of land Improvements to the. property include a twe-story and basement corporation,'an tinder lease with an area. 19 proposed the of committee The zones of The companies. company's be Decartelization by German Govt.— Dec. that the German Government According to a stock¬ that the company were the plants in Germany be formed into three successor committee are in holdings considered not available declared Eastern or that the stockholders in of the control be compensated successor and competitive approximately half of the (Soviet) and have to lost. by making their stock convertible for participate companies and that organized labor, | . " * Corp.—Stockholders Protective Com¬ addressed President of U. S. Atomic Corp., 10 East 59th Street, and a stockholder of Kaiser-Frazer Corp. in an open to Kaiser-Frazer stockholders on Jan. 16 urged that Joseph W. Frazer and his group or others "of similar automobile manu¬ facturing and merchandising ability" be restored to head Kaiser-Frazer corporation for its 36,000 stockholders." said that he and his family owned 8,500 shares of common, inVited stockholders to join him in organizing a stockholders protective committee. He proposed a two-point program which called for the return of the profitable Kaiser Aluminum Corp., formerly the Permanente Metals Corp., to Kaiser-Frazer "where it belongs" and restoration of experi¬ enced automobile men to head the company. Mr. Lacks pointed out that the aluminum company earned $5,338,174 for the year ending May 31, 1947; $9,244,338 in 1948 and $12,023,374 In 1949 and said that these earnings would help defray the operating losses of Kaiser-Frazer which were reported as over $14,000,000 for tha six months eliding June 30, 1^49 and n*or6 .v 1' i—" ""tv "save the Lacks, who Kaiser-Frazer Germany management.—V. 163, p. 652. Lacks, York, N. Y., letter Mr. in a three The committee, purporting to represent about one-third of the I. G stock, proposed that the new companies be formed around the Ludwigshafen plant in the French zone, the plant at Leverkusen in the British zone and the Hodchst plant in the United States zone; that those New to company. suggested $10 Kaiser-Frazer (I. G. Dyes), Germany- committee, Allied efforts to decartelize deadlock. Western Greenpoint Coal Docks, Inc.—Stock on decartelization G. loan full mittee to be Organized- 5. Farbenindustric A. G. taxes. company term the Milton Greenfield Tap and Die Corp. 1,897,190 854,854 $2.22 on Sept. 15 borrowed an additional $5 million under agreement with banks, bringing total borrowings up million provided for in the agreement. The loan is payable in annual instalments of $2.5 million each beginning Dec. 15, 1950,—V. 170, p. 6. The to sinking fund 3Vx% approved 5 this covering shares share charges and its 1598. p. 450,860 881,638 $0.51 — Bank Loan Increased— $2.45 share per 'After 804,204 $2.64 Earned $2,184,529 shares common "After $2,926,196 804,204 profit per 1947 1948 1949 Year End. Nov. 30— Sales profit Number capital income forwarding turers Trust sales Net 'Net their bonds under bond extension ;by The loss tax pur¬ p. 2584. Subsidiary— Y.)—Interest Payment debenture 6s, due 1969, who have not deposited plan dated Feb. 1, 1949, may obtain interest payment of 1%% (for the six months ended Sept. 30, 1949) Holders Accord¬ changed to Iowa Public Service. the pending application,. Iowa Public Service is new solely a utility company which neither owns, controls, or holds with power to vote any outstanding voting securities of a public utility company or a company which is a holding company. The SEC has given interested persons until Jan. 27 to request a hear¬ to ing Hastings Square Hotel Co.—Bonds Called— The 0% "Earned i.i declaring that it former subsidiary have ceased to be holding companies. Iowa Public Service was formerly known as Sioux City Gas & Electric and its public Number Gramercy Park Bldg. Corp. (N. for out¬ International Milling Co.—Acquisition— Mills, share that the 23 before the District that the present peti¬ tion "need not be considered now and, indeed, should be deferred until after the court has acted." Its denial was without prejudice to renewal of the petition at an appropriate time.—V. 171, p. 104. Dividend— of Trustee's the of Hearing The Hooker Electrochemical Co.—Earnings— be entitled to receive three new common shares in for each share held upon receipt of present outstanding common share certificates at the company's office, 7 Hanover Square, Now York 5, N. Y. The stockholders on Dec. 19, last, approved an increase in the authorized common stock from 870,000 shares (all outstanding) to record 2104. standing debentures of IHES. fiscal year, Split-Up Approved— of p. System—Court 16 announced the denial of a petition filed on stockholders group calling for a modification of Second Plan for liquidation and dissolution, Jan. on preferred by 4 PartII $1.69 to stockholders of Hydro-Electric Quarter Ended Dec. 31— Stockholders . a*. SEC The Jan. intsead will operation will be available.—V. for 23— Jan. 2,182,820 dividend a 1950, 10, 5,000 kilowatt sizes plus certain custom-built of 743,000 2,461,299 March and in Schenectady, N. Y., can be set up on the purchaser's with much less delay than that entailed by the ordering plants and with the assurance that all equipment site chosen in 3,000 plan is scheduled lor hearing on Jan. Court in Boston; and the Commission concluded $1.94 on overseas announced of these ratings have been designed for use by mines, mills, industries which have an immediate need for power. I. G. E. plants, developed by General Electric Co's Apparatus Department $3,682,385 share payable be and industries and utilities, 192. directors to plants for small cities turbine plants Steam multiples International $4,769,15B stock^l_____l.v Hammond Instrument Co.—Declares $1 1950, Available— purchased complete from this company, it was be now The The 2133. p. approved by the Commission on Dec. 6, 1949, so as to require Trustee offer Gatineau Power Co. common stock in exchange 792,600 requirements outstanding shares Common Earnings payments by the declara¬ payable Feb. 10 to stockholders of record $4,425,385 44,715 $402,567 income Net Dividend— $5,211,550 749,428 36,737 $6,503,720 897,254 6,459 amortiz.— and deductions Resumes recently. 1949—12 Mos.—1948 $491,282 Balance year."—V. 167, electric power Steam can $1,864,666 $24,841,693 $22,449,406 448,894 6,467,459 5,207,993 Dr4,262 36,261 3,557 $2,083,187 490,864 — ACCOUNT INCOME 1949—Month—1948 Period End. Nov. 30— Preferred new 1950. Power Plants now Approval— Stock needed Operating revenues Net operating revenues Other the International General Electric Co.- -Complete Electric said that data on the number of shares to be issued by an amendment to its application. It plans to issue and sell such number as will yield an aggregate price of $6,000,000 before payment of expenses of issuance at competitive bidding to underwriters who will agree to make a public offering of all the shares. Proceeds of the issuance will be used to help finance the company's COMPARATIVE Co. 12 resumed dividend cent dividend, 10 a 25, preceding supplied Interest President of is The last payment was 12Mj cents on Dec. 31, 1947. The company also announced that "bookings for the first quarter of its new year are substantially ahead of the same period of the to the Federal Power Commission for au¬ has applied of Jan. company be p. The directors on Jan. $ $ non-recurring company The will Chemical, Interlake 1599. lor 170, corporation.—V. 117,078,000 Hiram Walker-Gooderham Grace in thority to issue $6,000,000 common stock. Date of Issue will be on or about March 7, 1950, the application says. 2024. (W. R.) $ 39,954,000 *73,295,000 States Utilities Co.—Seeks Gulf The subsidiary, has sold its resin plant Resin Corp., it was announced on a the Acme to Liquid phenolic resins made by the new company will be available early in February. Myion T. Bennett, formerly Vice President profit, after taxes, of $1,965,000 from the sale of 50,000 shares of Texas Gulf Sulphur Co. stock. tAfter charges and taxes.—V. 170, p. 2123. "Includes mon The Park, 111., Forest Dec. Bookings Higher— 21,852,000 income No. capital shares Earnings per share Co.—Stock Split— & Rutgers Fire Insurance stockholders The Interlake Chemical Corp., The at 1949—9 Mos.—1943 1949—3 Mos.—1948 Sept. 30— $ tNet This $1,657,250 "Earned per common share $1.28 $1.57 "After preferred dividends and based on combined 87,762 shares of class A and 940,858 shares of class B common stocks.—V. 170, p. 304. Net F. J. Roswell, Vice-Presi¬ Linton, Secretary, and W. T. Taiiby, Treasurer. M. International 24, 1948 has Interlake Iron Corp.—Unit Sells Resin Plant— to be (& Subs.)—Earnings— Gulf Oil Corp. stock, Glenmore Distilleries Co. C. Downey, shares of $10 par stipulates that there be the sale. The company 10,000 192. p. 'Applicable to common fifed with the SEC on Jan. 16 covering cents) to be sold for the ac¬ W. Brooks & Co., Inc., New York, N. Y,, who reserves the right to sell a portion of these shares to a dealer, a member of the NASD, at not less than $3 per share for resale at not in excess of $3.62 Vi per share.—V. 170, p. 1597. letter A —V. Other Gibson Hotels, Inc., All invitations for bids- issued has company $3,570,000 of equipment trust certificates to be dated Feb. to mature in 14 equal annual instalments from Feb. 15, construction program.- expects to file a registration covering $15,000,000 of debt 3 sell to proposes to write disability insurance only. The officers are Leon Delbriage, President; received Feb, 1 15, 7950, 1951, to Feb. 15, 1964. They are designed to replace obligations in the form of conditional sales contracts outstanding against ..equipment already delivered to the road. This equipment had an original cost of $4,601,457 and its depreciated value at present is stated at $4,521,127. The on company March on permission K. W. Commissioner, Insurance State company stock at $20 per share. The permit organizational expense in connection with capital and General Aniline & on 2226. p. Gulf Mobile & Ohio RR.—Invites Bids— Gamble-Skogmo, gales the granted dent; Inc.—December Sales Lower— 31— 1949—Month—1948 1949—12 Mos.—1910 $10,583,891 $13,070,373 $123,721,421 $152,371,416 170, Issue Approved— 10,000 shares $20 per share, disclosed recently SEC the to for 1,181,805 shares of capital shares of Lowery 15 to Federated Petroleums, Independent Insurance Co., Los Angeles, Calif.—Stock Guaranty Income Life Insurance Co., Baton Rouge, La. Earnings- Funsten Co.—Quarterly (R. E.) Earnings for Ltd.—V. report $3,150,000 —Files With SEC— before that this company received Foothills Oil & Gas Co., Ltd. and Petroleums. Ltd., which were sold Nov. 1947 $3,698,122 shares share per City, 770,005 A 1948 $4,696,995 1949 1— profit capital No. Earned Imperial Oil, Ltd.—Sale of Interests— Co.—Earnings— Ended Sept. 30— sales "Net Co.—Sells Kansas City Plant— Fruehauf Trailer According nine new 1,000 h.p. ALCO GE Diesel-electric switching loco¬ for financing the purchase of such locomotives by the from American Locomotive Co. under a Conditional Sale Agreement. > Bids must be submitted in duplicate, addressed to H. W. Ward, President, 710 North 12th,.,;Boulevard, St. Louis 1, Mo., and must be received before 12 o'clock noon (CST) on Jan. 31, 1950.—V. 171, p.. 5. 2558. p. Grocery Store Products 9 Months will provide company be —V. invited bids for the lowest interest rate at which the lesser of $911,616 or 100% of the purchase has company bidder price of motives, laws the will 1597. (EST) on N. Y., by 3:30 p.m. made only to American citizens or to busi¬ be will organizations controlled by American citizens and organized under of the United States or a state or territory thereof. No sale made to any person or organization whose name appeared on Proclaimed List of Certain Blocked Nationals as of July 8, 1946. ness Net Kansas The the 1950. 21, Sale for Bids— Illinois Terminal RR. Co.—Request basement brick one-story and a the Office of Alien Property, Department New York 5, 120 Broadway, Justice, Feb. and , bids All building office detached brick Into Operation— Monday, JanuaryJ23, 1950 CHRONICLE FINANCIAL & COMMERCIAL THE (360) - $20,000,000 for the full year after tax credits. He said that the Kalxw- Volume 171 Aluminum Number 4875 Corp.'s earnings $10,000,000 in over provide also would Kaiser-Frazer for the future. and THE regular earnings Kaiser-Frazer earned $19,000,000 in for will end its soon as tnc latter can will thereafter devote its entire activities to promoting the sale of Nestie's chocolate products.— selling agreement set Sells Certain Equipment— The company equipment to the at the latter Dec. on Bristol, Pa., $879,503.—V. for Kansas Gas Oper. Net operating income and presses Products, Metal Inc., On 1949—12 Mos.—1948 873,247 9,777,449 $202,600 $3,379,903 $2,857,743 221 2,332 4,603 $262,821 $3,382,235 Net income income & after int. 2,755,797 520,784 1,993,492 $2,235,013 $1,472,708 187,461 227,443 dividend requirements for stock the period 1G5, 520,784 share-for-share a made the to 7% stock basis, with shareholders.—V. payment $5 cash p. 193, a Kayser & 171, (Incl. Wholly-Owned Co. 6 Months Ended Dec. 31— Gross income Other from income Total 788. E. died Board, 1, Virginia—To of Pay Stock 100% Jan. on will 25 vote 100% a on stock , proposal a dividend to the of Walker, Philadelphia, of President.—V. as dissolve this 170, Dec. on $978,874 Net $1,440,196 110,884 in 1949, Dec. not 164, $1,551,080 approve proposal a to liquidate Provision Net _— Federal lor 251,477, (& Subs.)—Earnings— Canadian and taxes_ income Dividends $438,550 paid _„— $1,072,644 891,108 — 723,107 expenses 1948 before prov. for minority interest to minority interest $404,061 $349,537 33,503 ____ 21,813 $270,558 $327,724 $10.48 23,515 32,665 $9.05 22,515 32,605 dividends 33,751 550,500 to earned surplus income _ per paid on 167, stock common 'Including provision dividends.-—V. above figures NOTE—The dividends received do Bondor, Ltd. of England.—V. William F. Drohan of the (Aust.) earnings Pty., Ltd., of, Federal for taxes The new share . on 24,456 or has approved plan of a reorganization of Lines, Inc. (except the holders of its 3!/2% notes series III) for acceptance rejection. The plan is not being submitted to creditors of Keeshin Express Co., Seaboard Freight! Lines, Inc., or National Freight Lines, Inc., as the creditors of those companies will be paid in full in cash, and their claims are, therefore, not affected by the plan. The common stock of Keeshin Freight Lines, Inc., and its 3V2% notes series III have by have no equity in of to and excluded vote Inc., from order cf Court been held to be of no value the properties and by order of court are participation in the plan and are not entitled to any thereon,. 1 , ,• : A hearing thereto before to consider scheduled was Judge Walter confirmation to J. held be La the plan of and objections 20, 1950, 1599. any by the Court on Jan. Chicago, 111.—V. 170, p. in Buy of Kellett Aircraft Corp. that this Ala., Mobile, Telephone General and industrial new awarded a an to build a 12-to-15 acre concrete and steel pipe for The company last December manuiacture water project. $2,007,771 contract for construction of the pipeline from industrial area near Mobile.—V. 152, p. 683. construction and expansion and its subsidiaries $20,000,000, the largest and history. of The is to expected single year's to be loans, hank short-term in scheduled for program scheduled is project $12,000,000 1950 by this cost between $17,000,000 outlay in the company's financed initially which lor the by means company its Rivers. phones made corporation recently liled a plan in the U. S. District Court Philadelphia, Pa., proposing a merger of this company with Central Supply Co., Camden, N. J., a hearing on which is scheduled before Judge J. P. McGranery on Jan. 23. The corporation states that it to proposes of new a the by in Suffolk is and Queens Borough Gas & Electric Co., which pending before the U. S. District Court in Brooklyn, N. Y. for Lighting now Co. enforcement an in balance the and , Kellett 18, cash order. Permanent financing take might form the of long-term bond issue, or might involve the sale of addi¬ stock. Funding of the short-term bank loans will be deferred until after the consolidation plan becomes effective, at which tional time common consolidated the also might look company refunding long-term system Street Journal.")—V. securities at 171, into the possibility of ("Wall lower interest ratq-. a firm 1946, difficulties.—V. has 170, p. Federal under been its petition for on ing Court since 6. sinking which ZVz'fc fund $600,000 additional an the during company sale of bonds due 1961 mandatory were reduced 1949, by and its first mortgage payment of $1,200,000 (of the optional i $600,000 and Oper. the Monroe, Mich., plant.—V. 171, p. few of as the Nov. Bell Nov, 5 Weeks GIVING CAPITALIZATION, due series due 1979 Period— Dec. 31,'49 income Gross Income loans $2.70 64,279,100 Common NOTE—In The the Dec. 31, 1949 stores of 2,204 was period in 1948 same in Kropp Forge Co.—Listed The on admitted tor trading were opening of business on Jan. during with 6%.—V. of outstanding 786,276 shares of share, operation compared decrease a the 2,357 171, p. (1) changed stock The changed five shares weeks four stock, par severally 16.—V. 171, p. for set stock Paine, A. C. A of this property, the company entered into a-term loan agreement with banks, which provides funds to the extent of $650,000. Of this amount, $500,000 had been borrowed by Dec. 30, balance before April or interest.—V. 30, of 1950. the loan may be 136,031 $31,446 $256,223 accrual : and cf of of $0.76 withdrawn at any time on The loan is evidenced by notes bearing 2%% 171, p. 104. 1950, at the company's office at and Mexican filed stock, ordinary 119 West 40th St., New ■ Lamont, Corliss & Co.—Control Sought by Affiliate— Gordon ment Lamont, Vice-President, looking Inc., completion. Unilac, 62,000 toward an Inc., shares, the affiliate $210 Nestle Dec. of 22 reported control Alimentana held 23,000 shares, that this of Co,, S. an agree¬ company A., is by nearing 37%, of the outstanding purchase the remaining 39,000 shares at a minimum of $195 per share to a maximum subject to-final accounting. Stockholders were offered or to a share, given until Jan. 31, 1950, to agree to the transaction, which was not tc>- be .carried- through unless at least 20,000 shares were sold by Dec. 28, 1949. It was. predicted that necessary-sales would bo made. 1 } I per. I: 'S' .".I -" " -i ' V r V. D. & Co. _ Kebbon, <fe Jones Co.____ Co <fc McCormick <te Co. McCourtney-Breckenridgc ; 3,400 co. —i—— & 3,400 Lerchen & Co 105. p. 1949—Month—1948 1949—11 Mos.—1948 $ 10,353,003 rev._ 46,254 revenues— ' 117,399,380. 103.074,924 39,883 oper. $ $ 10,945,409 4)8,705 462,107 8,994,908 93.039,676 84.988,373 645.112 11,984,615 9,146,661 1,339,993 1,054,462 673,100 12,426,384 8.477,783 420,648 9,967,186 7,155,476 Net operating income after charges Net 170, All 117,500,075 102,612,817 with par the $1, SEC which Jan. on will $11 ■ r. 11 covering for the redemption for debentures Feb. on 1950 1, The conversion 2131. privilege expires June clue 101 at will be made at the National Bank Payment and of /...; 15, 1951, accrued Detroit, De¬ the redemption date. Mid-West Airlines, Inc., Des Moines, Ia.—Filing With¬ Mich. 170, p. drawn— letter of notification shares of capital The offered through rate 100 at withdrawn. sold convertible outstanding 4% called been ,,'i on be share be per 2437. p. the of have filed stock amendment on Opt. which had been by (no 19 covering expected par), tp by Wheelock & Cummins. Inc., Dos Moines, has been proceeds were to have been used for general corpo¬ The purposes. Stock Offered— Middle South Utilities, Inc.—Common shareholders on Jan. share in Mexico City, began 17 Jan. receiving 18 fered at Paris. Payment is being made in dollars in New York, sterling in London, and lrancs in Paris, according to the rate of exchange current at at jointly headed an underwriting group which of¬ total of 640,000 shares of common stock (no par) a share. the date This ican to make in U. 15 the the present equal to first in shareholders expropriated the 1947, instalments annual The to were August, company payments 169, company In dollars. S. to is made. payment distribution first government. mude per which on the is properties of two of shareholders 1948 being are by the to this of and the 1938 Mexican the Mex¬ Government $8,689,257 payments September, since in Mexican agreed company agreement made from 1949. The these funds. $19.12V2 per share. The group was awarded the shares competitive sale on Jan. 17 on a bid of $18,545 per other Four PURPOSE—The by tion— in regulatory additional & 1950, in $3,500,000 and The for Co. plan first debenture The a to three Mexico calls issues. new During new The around for It security be of eight holders bonds would and to classes be earned existing of security program holders designed restricted interest to on interest the new Feb. in Bank), income stock. reorganization ik being made to comply with requirements Bank for Reconstruction and Development (World which has agreed, when thq company $26,000,000 expansion-program.—'7, the. reorganization for payment 2585. c,V). of company stock is - completed, to the dollar part of the vis: Lehman funds, will be of will invest promptly Louisiana Power & $4,000,000 Co.: $4,500,000 Light Co. the Inc. amount of such (GIVING be may necessary TO PRESENT v i. . • - (no COMPANY—A public 5,tiOO,OUO shs. utility holding company which was incorporated 27, 1949, in connection with the consummation of the Plan for Compliance by Electric Power <fc Light Corp., with Section'll of'.the Public Utility Holding Company Act of 1935. Com¬ in. Florida on May pany neither awns of. its charter-is In connection nor operates any physical properties. The duration perpetual. with the transaction,; the related j . ■(•' ji 1. ■■ v of Outstanding 7,500,000 shs. par) end determined. bo carrying company out the of issued, to Electric Electric plan Power and & , . and FINANCING 1 Authorized stock the before investment cannot now EFFECT ' ■A used common stock of Mississippi Power <fc Light investment in additional common stock of New an Service Public Common the on other stock of Arkansas Power «fe Light 14. 1952, of the International lend with securities on end to stock, additional expected but the bodies, common CAPITALIZATION submited expansion is Orleans / . .. exchange will $50,000,000 mortgage companies operate lighting and power systems City. It Co. together proceeds, common additional in Power the for four The -company recently announced a "plan of arrangement" under which it is proposed to reorganize the capital structure of itself and two subsidiaries, Mexican Electric Light Co., Ltd., and Pachua Light in received corpoiation to purchase additional shares of common stock operating subsidiaries to assist them in financing the construction programs. Subject to necessary authorizations the its from Reorganiza¬ also were Kidder, Peabody & Co. and Merrill Lynch, Pierce, Fenner & Beanc-(jointly), $18.4091; First Boston Corp., $18,316; and Blyth & Co., Inc., $18,265. of & Power Co., Ltd.—Plans bids $18,455 per share; Brothers, were September, 2315. p. payments which price somewhere between of on purchase of Edward McCarty Inc. 10,313,120 New York, London and pesos Mexican Light York, N. Y.—V. 170, p. 2584. Unilac, Turben 4/200 3,400 3,400 Inc.-. Campbell, Merrill, 1,147,264 Pittsburgh, Pa., Mexican Eagle Oil Co., Ltd.—Pays Dividend— —V. Redemption of the entire outstanding 4% cumulative convertible pre¬ ferred stock at $21.25 per share and accrued dividends will be made 1, Co., 8,411,838 current Feb. & Co 4/200 <Jj —V. National Bank, Harry Preference La France Industries—Calls Preferred Stock— on Co. & Milwaukee 5,000 4/200 Weeks— & Langley & Co Michigan Corp 171, 2,100 was common The 10,899,155 $132,962 $1.44 48. notification shares Baircl has Michigan Chemical Corp.—Calls 4% Debentures— $252,557 surplus (175,000 shares)— Farmers Deposit P. the of preferred new Operating taxes 3,667 called for redemption on Jan. 31. next, at $50 dividends, 667 shares of its outstanding 5% stock. Holders were notified directly to present 167, W. each underwriter of $132,962 slock the to sell such shares Operating expenses $268,993 196,519 M. Messener, President at Cruttenden & Co., Chicago.—V. 170, p. 400. oil the acquisition the letter account seven .According to Bertram J. Qahn, Chairman, this company on Aug. 31, took title to, and posecsion of the real estate and buildings located on West Lake Street, Chicago, 111., to which operations of the Franklin Street plant will be transferred. and at Robert of Watling, accrued stock of Union Securities Corp. and Equitable Securities Corp. on 1949 1949 $452,742 8,442 104. Banks— To finance $39,888 15,639 share has to each 5,000 Corp. C. Allyn and Co.. Inc.__ First agreed and number Webster Securities & Hornblower W. the Jackson <fe Curtis Stone has below purchase its name: opposite Webber, interest. payment.—V. 2,000 cents per the Midwest Stock Exchange at the on $38,276 (net)__ preferred 150,920 shs. $20). (par named to agreed $256,942 12,051 Messenger Corp., Chicago, III.—Files With SEC— 33V3 stock common $457,348 Dr4,605 during 193. Midwest Exchange— common of underwriters $42,758 Dr'2,811 and 250,000 shs. company UNDERWRITERS—The company several $38,888 DtG 12 company 50,000 Shs^ Michigan Bell Telephone Co.—Earnings— 194. p. share per Kuppenheimer & Co., Inc.—Plant Acquired—Borrows ■ from 171, 2,750,000 70,000 shs. preferred stock (par $100) and 50,000 shares of common $100) to 75,000 shares of $2.70 cumulative preferred stock and 250,000 shares of common stock (par $20) and (2) each outstanding share of its common stock (par $100), into taxes__ common None 3,000,000 __ the „ $22,637 for 44,550,000 $50)____— 1950, i > 2,500,000 (par income(net)____. dividend FINANCING Outstanding $50) (par Uncollectible stock ended redeemed its outstanding treasury shares of 6% cumulative "referred stock and its authorized capital stock from 35,000 shares of 6% $1,733,326 1,476,384 — months 12 cumulative troit, $ stores it $2,950,000 2'/2%— 1951, 30, January, retired 2225. 170, p. the 2,500,000 any—...— June $2,078,474 1,621,127 income the called number average ended tele¬ 1949 its and (& Subs.)—Earnings— May, Stern & Co.—Partial Redemption— Jan. 1,'49 figure. if due $171,559 128,800 deducts. cumulative 'Corrected 30, to PRESENT TO i pfd, stock (par stpek (par $20) $179,273 140,385 income Preferred —V. 80,062,983 807,410,468i825,668,323 74,230 served Nov. 1 >44 1 $2,950,000 cum. —V. Net Ended Jan. 1,'49 - Dec. 31/49 $ $ $ Sales series, Bank Operating oper. EFFECT 1970 registration with the SEC cover¬ par $10. Loomis, Sayles & Co., 53 Weeks Ended is provided through company Jan. Authorized series Operating revenues Earnings per common 52 Weeks Ended Ended The From operating revenues were $4,237,585 for 1949, and net income was $440,574. 30, 1949—12 Mos.—1948 and exps. Balance 4 Weeks system. 1949. 30. years. Total 104. Kroger Co.—December Sales Decrease 20%— Corp. service without competition in 72 territories in Michigan. The largest Muskegon, Ludington, Coldwater. Sturgis and company's own lines provide toll serve between1 The with 1949—Month—1948 revenues Utility redeemed $4,050,000 of said bonds from the proceeds realized from a stock, common Period End. Nov. 30— Other November, by are Period End. Nov. 30— Operating supervision of shares filed 16 Maine Public Service Co. Kelsey-Hayes Wheel Co.—Reduces Outstanding Bonds The 25,000 Jan. on Inc., Boston, Mass., is investment manager.—V. recapitalization because of financial a used surrounding Maynard H. Murchv & Co._ 193. p. Loomis-Sayles Second Fund, Inc.—Registers With SEC stock , be property additions of $9,680,000. The company is engaged in the largest construction program in its history and expects that construction expenditures will continue at high levels during the next additional an to be formed if the plan is accepted and approved company Court, The Oct. claims half general pay will gross —V. at funds exchanges, and toll service to other points own re¬ cently obtained the approval of the SEC, as well as funds from internal sources including retained earnings. Permanent financing is not indi¬ cated until such time as the company is able to put into effect its plan for consolidation with its two principal subsidiaries, Nassau & The corporation Aero other telephone 3 'A% plans company to company Merger—Hearing Proposed — with First mortgage bonds: Long Island Lighting Co.—Probable New Financing— Jan. 23— The sale the pay a demand note of $2,444,197 given to General parent organization, to provido for the redemption, of of the Michigan company's 6% cumulative preferred by connections Stroud ; Paine, Web¬ Webster Securities preferred shares are subject to redemption at $52.50 per prior to Dec. 31, 1954, and at $51.50 per share there¬ shares held Threee Pipe Co.—To Build in South— reported in The S. District Court for the Northern District Illinois, Eastern Division, Motor is Big Creek to Danieh-D. Carmell, trustees of this corpora¬ Mo tor Express Co., Inc., Seaboard National Freight Lines, Inc.—in an advertise¬ that the U. announced Telephone Co.—Preferred Stock after. tAftcr preferred income. on 254. p. and and these companies pursuant to chapter X of'the Bankruptcy Act. The plan is being submitted to creditors of Keeshin Freight or It plant Mobile's Lines, Inc.—Court Approves Plan— stockholder Jan. 19 publicly offered 50,000 shares of $2.70 ($50 per share), plus accrued on Future nor Kayser- or 1791. its subsidiaries—Keeshin and Freight Lines, Inc., ment 170, p. Lock Joint was Keeshin Freight tion include not Julius Kayser from, $256,515 $73,850 substantial a cumulative preferred at par 3V\r/o Balance, is 33,751 $807,015 364,700 ________ capitalist, & Curtis and Stone & ber, Jackson municipalities served 1949 $1,295,169 share on common stock paid on 7% cumul. prior pfd. stock Cash divs. paid on 6% cumul. partie. pfd. stock 539,194 to merger Offered—An underwriting group headed by communities divs. Net 199,364 288,847 ______ the ol and stock Cash tEarnings 5,507 Depreciation Details the company to Telephone Corp., 3145. p. Sept. 30— Income applicable facilities. of Telephone Co,:' Mexico company recently, the two companies operated independently of each a subscriber of one company could not call a telephone by the other, necessitating two telephone in most cases. Two years ago, however, the systems were interconnected .so that calls could be ^exchanged.—V. 147, p. 4347. elected was Cash .■___' income gross Interest Swedish PURPOSE—Proceeds income income consolidation Until other, 2585. p. did 20 company.—V. Lincoln Service Corp. 'Operating the Mexico. de COMPANY—Provides Operating for International settled. Wenncr-Gren Tclefonos of Swedish-owned Tclefonos de be consolidated into a new duplication present Co.—Merger Planned reached dividends. 1950. The stockholders and the yet been not Corp. double shareholders to the of plqnncd that have in and the they will Corp., been subsidiary 4. Jan. on 1948 $898,050 80,824 ______ _____ the of Lincoln-Buyle Ice Co.—Liquidation Turned Down— Subs.)— 1949 operations Georgia—Obituary— Chairman Co. declare Coleman Henley, is has a 5 operated board, to succeed the late Bradford H. Walker. Active management of the company remains unchanged under Robert being also Feb. Robert Chairman which Michigan Associated and 9 Months Ended (Julius) Leland of proposal a of the company's property furniture and equipment to the of p. Telegraph 3053. p. stockholders record Approval for Issuance of Preferred Stock— has asked the Federal Power Commission to authorize the 82,011 shares of new preferred stock, par $100, This company has named Kidder, Peabody & Co. as linderwriter of its proposed offering of 82,011 shares of new preferred stock, according to reports from Kansas City. The new stock is scheduled to be offered around March 1 to the company's stockholders in ex¬ change for the presently outstanding 66,500 shares of 7% preferred stock and 15,511 shares of 6% prelerred stock. Both exchanges will company issuance of on McEachern, Insurance capital The be sale and approved the lease Dividend—New Chairman Elected— The Balance Seeks FPC 1949, Newton Life charges Pfd. 30, terminate for $50,507.—V. 170, & principle is in company, Axel stockholders the Life Insurance Co. of John agreement this of eliminate Chicago—Lease Cancellation $2,802,346 (net) —V. Gross Nov. company 9,800,151 99 1949, 9, Mexican Telephone & Telegraph An It Operating Co. to of as $1,135,847 $13,157,352 $12,717,894 $293,177 revs Dec. Hotel 817,102 taxes (361). as 1257. 167, p. Lcland-Racinc Bldg. Co., —Purchase Approved— 5. Co.—Earnings— $1,110,279 with Pond's Extract Co., selling organization and own related $293,270 expenses Othei* Kaiser of p. 1949—Month—1948 revenues & 171, Electric & Period End. Dec. 31— Operating plant metal its up V. certain sold 13 CHRONICLE According to C. C. Day, President, the Lamont company 1947 after taxes of nearly $9,000,000. 1948 FINANCIAL & COMMERCIAL c1 1 •' ■ 11 • l : '. t r-- - \ i.- a Light C Corp. total a Electric and 000 of shaves 4,960,000 Power & of stock common the of addition stock Louisiana Light Co.__, Power & Light Co Orleans Gentilly The 4,960,000 Electric agent under As the Bond „ & Power Share of stock common the of Light Corp. Electric and which and 17 % the and D. George & Inc. Sullivan Co., & 7,500 — 5,000 Bradford & Co C. George R. Co., & Cooley ' Li Inc. 2,500 Raggio Reed & Co ___ The Robinson-Humphrey Co. Schmidt, Inc. — & Robertson Dewo.r, Pan- Singer, 5,000 Sterne, Co & Doolittle 5,000 & Elworlliy - & Co. Deetjen Emanuel. Fitzgerald Gurrett. Robert Hamiin —V. Antbony 20,000 Tucker, 10,000 Winslow, Inc & & 2,000 the White, Lee F. Weld E. M. the ' and the and assets zation which also made be to Middle of the at $2.25 are issuable. share per in cc: by be tliir holdings shares ■than five prior stock of and dale Middle Wert the effective after years said to of provided surrender further the plan.—V. date of that shares such 170, p. later would limited a the number Marache & & Co. Inc Weeks & 60,000 Stubbs 60,000 50,000 Swiss Northwest Co._ American Corp areas, Piedmont bankers underwriters are 20,000 the of All of and for or of thely which and the stock common have respec¬ which option, an they are as F. R. Moseley & Co.—— 5.0% E. M. Newton & Co 3.5% 20.0% Pacific Co. Facil Northwest Corp.- 5.0% & Dominick the c 5.0% Reinholdt 3,0% _ Co._ Weeks William 7.5 % — Stein and California— of — & Whiting, 1.5% Co.- New to stock at the rate preferred share at the above bank & to issue and sell, the period ending Worcester used for such Weeks & to up in 171, additions SEC betterments and The for company SEC the (EST) to the registration a 3, 170, statement Inc.—Stock Brewery, 31, each England The and 9,580 shares wich the Bigoney stockholders standing Dec. cn 1,000,000 par no class Co., & New OOO Office See Building Planned— Plans for the construction in St. Paul, Minn., of building by this company were announced on 1 .- in be for part to to pointed out that the new unit will relieve congestion in the pres¬ office building, permit consolidation of other scattered office groups and allow for future expansion. Anotner part of the firm's nationwide expansion program is a twostory, block-long manufacturing plant now under construction in St. main FauL It scheduled is for completion next fall and will cost more entire issue and dividends. 15 at Great Falls, • Ap¬ plan to into a shares 1,000,000 reclassify the class A price Pfd. Stock— cumulative first preferred redemption on Dec. 1. being is made on a permanent basis the purchase citrus grove properties, which were acquired (including retirement of $2,000,000 temporary 6%subordinated promissory notes due Dec. 1950). operation of Florida December, 1949 BUSINESS—The corporation is chiefly engaged in the production and distribution of citrus fruit juices reduced to a frozen concentrate form, produced at low temperature by a high-vacuum process, DIVIDENDS—No dividends have yet been paid on the common stock. Upon completion of .this financing there will be no restrictions or. the payment of common dividends out of net earnings subsequent to July 31, 1949, after dividend and sinking fund requirements on the prior N. stock, First $100, par National Bank, said is reported to have purchased a 200,000 square to a parking lot it occupies in Chicago, 111. approximately $900,000.—V. 169, p. 1229. foot The to be company to Y., Atlas (GIVING EFFECT TO PRESENT FINANCING) Authorized 5% term 5% purchase sidiary bank on $1.60 cum. $15) common due Oct. mortgage 31, 1954 of prior pref. stock $1,750,000 has sold its paperboard mill Paperboard Co.—V. 171, p. 6. value money 1,665,100 at Mill— 10 120,000 shs. cents) mortgage — dated $1,500,000 shs. Dec. 29, 194.9 119,823 shs. §830,797 shs. was Island Long City, no liability with the accompanying mortgage notes bear interest at 5% per annum and mature at the rate of $333,020 on Oct. 1 of each year beginning Oct. 1, 1950. iOf which 359,469 shares were reserved for conversion of the prior * preference stock, 21,715 shares were reserved for conversion of the $2 preferred stock, and 7,800 shares are reserved for issue to officers and employees at a price which may be less than $10 per share. §Assuming that all shares of $2 preferred stock are surrendered lor conversion by Jan. 31, 1950. If no shares of $2 preferred stock in for letter by at through the and par subsidiary, a J. stockholders England Klank E. F. A at class this el company Co., according to an, an¬ Philadelphia, Secretary of of Forer, New the of Central been appointed counsel. England Co. has as practically its only asset England Public Service Co. common stock. Ths will emphasize that a fair share of the assets- New will New Hanover member of the law firm of Wolf, a has it England Public Service should be allocated to the also before participate in the reargument SEC. the 26.—V. Jan. on stock. common the prior lien en 171, 7. p. England Telephone & Telegraph Co.—Earnings—• Period End. Nov. 30— 1349—Month—1.948 $ Operating revenues Uncollectible $ $ 13.389,611 157,907,364 145,115.443 30,972 23,730 294,989 306,358 rev.- c-per. 1949—11 Mos.—1948 $ 15,141,215 — 15,110,243 13.360,881 137,612,375 144,809,085 — 11,992,423 1,433,053 11.435,161 126,147.940 123,313,786- — 807,570 14,357,876 9,446,639 ir.comc 1,684 767 1,058,150 17,106,559 12,048,660 1,043,939 494,478 10,016,841 6,446,240 Net tares Net operating tar a —V. — charges 170, 2438. p. New Jersey Power & Light Co.—Registers With SEC— The company ha:; filed a registration statement with the SEC covering 20.000 shares of cumulative pre.erred stock ($100 par), which to be olfeied taneously make for sale at such with cash a sale. General capital stock the of sale bidding. and Prior Utilities competitive Corp. Public contribut'on $650,000 of to to simul¬ or is reported sold its plant at 1805. to have Inc.—V. 170, National Oats Co.—50% stock dividend of 50% was p. used were such for York Jersey Power.- capital purposes.—V. Power & 171, Light 194. p. Corp.—Plans This State Natural Gas below.—V. Corp. 171, 194. p. the stockholders Jan. applications with the Federal Power Commission, both proposing construction of pipe line facilities designed to make additional New York, York The stockholders to voted shares of (no par); (1) the Increase stock authorized capital stock pari to 200»000 shares .of dividend of 50,000 shares, payable at the rate of one share for each two shares held by stock¬ holders as of Jan. 31, 1950, and to reserve for use at some future date 50,000 shares of this increase in authorized capital stock; (3) transfer $375,000 to capital from present surplus cf approximately 100,000 stock oommon (2) pay (no stock a York New The holders be of the payable on as newly March for compared declared the to a cash increased 1, capital to stockholders year $153,380 after for all share to to of and 171, per wore $236,124 6. Higher— The operated 655 company 659 stores at the close of $21^276,205 *$274,341,356 $270,176,795 at stores 1948.—V. Dec. 170, p. 31, 1949, as In its compared to 2438. Gas Service Corp. — Proposes to Construct Pipeline in Virginia— The corporation has applied to the Federal Power Commission for authority to construct 92 miles of pipeline in Virginia to carry natural gas to Petersburg, Hopewell and Richmond. Estimated overall cost of construction is $2,450,000. is Natural 16-inch of cf which is proposing loop line in in application one Pennsylvania, to the etc., $2,592,582. 164-milc a a develop to necessary pool. cost to a new storage pool. station compressor The Seven would be miles of instated pipe and the at a new said that these additional facilities, esti¬ would permit it to supply the two customer company $1.3,007,222, to gas meet their present and iuture require¬ ments;. joint application filed by Central New York Power and New York Power and Light outlines plans for construction of 10.4 miles of pipe lines by Central and 15.3 miles by New York Power. These fwo companies consolidated were Jan. or. 5, 1960. Estimated cost of the construction, including (he equipment of the company's water gasplants at Utica for high B1;u standby operation, is $921,000. New York Power' proposes to convert to straight natural-gas service all of its distribution all served area of parts or Saratoga, by gas manufacturing facilties, Columbia, Fulton, Montgomery, and Washington Counties, Albany, Schenectady, Warren, N. Y. The company estimates cost of the construction at $1,162,000, including the cost to equip its water gas plants at Troy and Schenec¬ tady for high Btu standby operation. Another proceeding involving proposals of New York State, Central, and New York Power U; construct facilities which would carry addi¬ tional gas tc the New York State area is now pending before the. Commission.—V. 170, p. 1806. Niagara Mohawk Power Corp.—Bonds Offered—An underwriting group headed by Halsey, Stuart & Co. Inc, on Jan. 19 offered publicly $40,000,000 of general mort¬ gage bonds, 2%% series due 1980, at 101.85 and accrued' The bonds petitive sale Three Stanley Loeb & The are other which redeemable They also in on to are at are any York received, Jan. on First dated time at Boston Jan. 1, all for 18 at com¬ 214s, Corp;, 1950, and 100.689 mature viz.: Morgan and Jan. prices ranging from 104.85% a debt retirement at prices through Kuhm 1, 1980, to 100% . from . CORPORATION—Is New also were redeemable 100% awarded were the group's bid of 101.26999. bids & Co., 101.13999; Co., 100.63. bonds, line under State miles 5,000-horsepower 103.35% now Central and , application, New York State Natural proposes to line extending from Dryden, N. Y„ to the Al¬ 56-mile line from the Dryden terminus of the proposed Albany line extending southerly to the Tioga County, Pa., storage poel; and acquisition of additional leasehold and other property rights The- company also in the Buckingham, is seeking authority to establish an interconnection Va., area with the Texas-to-New York City pipe¬ construction by Transcontinental Gas Pipe Line Corp. Light Corp. second area; interest. Natural York 53.5 construct 1949—52 Wks.—1343 1949—4 Wks.—1948 $22,666,309 — charges p. National Tea Co.—December Sales Sales 25 of taxes 1948.—V. cents stock, this cash dividend record Feb. 17. dividend York Power & State. New Rensselaer. directors available to consumers in Pennsylvania gas Corp. Meanwhile, the latter two companies have filed with the FPC a joint application for authorization 10 construct facilities to receive the gas from Now Yoik State Natural for delivery to markets in including $950,000. The natural two including New Power Companies with enough 17, Pipe Proposed— has filed corporation The common in Increase Operations— York New mated Stock Div.—Earnings Up— approved by 1950. from will (parent) New contribution will be used byNew Jersey Power for property additions and betterments or to replenish working capital or pay off bank notes the proceeds of which storage A and' notification of privately security holders has been granted common New Morton Morris L. of shares premium bany executed mortgage and filed placed preferred Solis-Cohen, total estimated erst ♦Largest in the company's history. by Minute Maid Groves Corp., and the corporation has Such Co., (par value _—— (par purchase respect thereto. Foods Lea, Minn., to Lea Foods, Per. End. Dec. 31— *1,665,100 into three shares of stock stock' Outstanding $1,676,968 sub¬ citrus groves— convertible Common ♦This loan money be proxies from Northern by and Northern of New h National Dairy Products Corp.—Subs. Sells Plant— Kraft Earnings CAPITALIZATION of & Trust Co. The and adjacent was Albert preference stock. ' the committee Line Expansion at $1.05 per share 1949, the at National Biscuit Co.—Sells Paperboard PURPOSE—Principally to finance in $L) (par will oinist, and Frank Wolfe, former Vice-President construct group & Curtis and and New $5) (par 1730. p. Corp.—Acquires Additional Property— company building The un¬ Corp., Committee. See derwriting jointly headed by Paine, Webber, Jack¬ son White, Weld & Co., on Jan. 17 offered publicly 280,000 additional shares of common stock (par value 10 cents) at a price of $14 per share. Of the total shares, 200,000 are being offered on behalf of the cor¬ poration and 80,0,00 on behalf of J. H. Whitney & Co., a selling stockholder. Supply & preferred- stock committee is headed by David J. Greene, a member of the New Stock Exchange, who is a substantial holder of Northern New England securities. Associated with Mr. Greene are W. H. Steiner, econ-. Inc.—Merger Contemplated— Montana. Nachman ready for partial occupancy by Jan. l, 1951." It should be completed by the summer of 1951, he added.—V. 170, p. 2437. Minute Maid Corp.—Common Stock Offered—An 7% „ a The New The Pesek, Vice-President in charge of engineering, said, "We hope to begin construction within 60 days and have the new office building request York is • Reclassification approved common above.—V. 165, Payment than P. of recently called for was $2,000,000. C. to 2027. p. solicit, a made nouncement these received • .. Montana Flour Mills Co.—Redeems 7% The He 24 New York State Natural Gas Corp.—Natural Gas $3,000,000 office Jan. 13 by R. P. Carlton, a President. ent Inc., Neon, 170, shareholders and New Claude 10, York, New Natural Gas ; Jan. Operating B Monarch Air Lines, for England Public Service Co.—Committee to Solicit the SEC by 2.131. Minnesota Mining & Manufacturing Co.—New $3,000,- bo any Proxies— share. class B would replenish expenditures Operating expenses shares, both without par value. Each of out¬ shares will be exchanged for one class A and one 750,000 until parsons convertible stock A Nov. or. share.—V. per 6% 0. class of SEC Proceeds 1,000,000 t) 170, p. 2333. Manufacturing shares 9,400 16 Wall proved— authorized interested given committee states that for covering to are, 2227. p. ' * Molsom's ; Froceeds or previous SEC for authority treasury bids which on March 7.—-V. on reimburse by purposes. file Feb. on to or such plans with II a.m. the betterments the application.—V. Operating revenues to Co* < has upon The at expenditures, made bonds made application 18 Electric purposes. New 194. p. ($3,250,000). and occasioned capital 312,193 3.0 % Stubbs_ at the Bankers Trust Co., or & Haven, ConiL—Stock to Be Placed Privately— 5.0% common Steam Co. additions working 3.0 %■ — including Jan. and Electric County construction depletion Attleboro Electric Co. ($100,000t; Worcester ($100,0001; New England Power Co. ($7,800,000); Suburban Electric Co. 2.5%. Inc.1 bank The borrowing companies are ($100,000),: Central Massachusetts Bank competitive bidding, $3,000,000 of 30-year first the proceeds of which are to be used for construction mortgage bonds, presently has its headquarters in Washing¬ J Block, Schorr Mississippi Power Co.—Seeks to Issue Bonds— Jan. Corp. System have applied to the SEC for authority borrowings aggregating $11,350;000 during? June 30, 1950. ,* / additional 3.5% Boyce Inc.: Co. five shares of of See also V. Street, New York, N. Y. on in issue England' Electric System—Units to Borrow from make unexchanged shares of $2 cumulative convertible preferred called for redemption on Feb. 1, next, at $50 per share dividends of $8 per share. Payment will be made at the company bond a Five subsidiaries of this stock Cblony Trust Co., Boston, Mass. The $2 preferred stock is convertible The Gas Service Corp. Gas 3.0% Oo._—_ Staats Bros. Stroud 3.5% Gardner & R. Stifel, Nicoliius <fc Co., 1.0% 5.0 % — common and Banks— Old 1950 into stock common , Natural Natural been accrued of sale private com¬ Swiss American Corp. and wholly owned by Stein l.s underwriters the of shares & Corp of capacity through the ton, D. C. $3 hereby, except Corp., which 280,000 Weld Space shares financed of 25% and 75% respectively. involving two other proposals to serve Virginia market including Richmond, are now in progress before the Commission. applications were filed by Commonwealth Natural Gas Corp. and These 60,000 ____ 30,000 names the Jackson & daily market delivery be 60,000 Gardner Pacific 100,000 purchase Lane, of would proportion The Stifel, Nicolaus & Co., Inc. Boyce Si calculated a Proceedings 70,000 underwriter. Marache have feet. of construction The committee these holders not cf hearing 70,000 & Co Securities supply of natural gas from the latter company at that a cubic ccst 70,000 Co $2 Preferred Stock Called— . of Whit ng, offered of to Co., Inc. Lee Higginson of discharged. As soon as practicable after Dee. 31. 1951, all remaining assets will be distributed and paid out pro rata to holders of the stock, scrip certificates, receivers' receipts, and certificates of deposit, provided the holders of scrip certificates, receivers' receipts and certificates of deposit surrender & Co. 100,000 & The the Johnson. stock otherwise or 6 % 20.0% Dominick lion's remaining \ assets thereafter will be rftduecd to collection or -otherwise, and all liabilities of Middle West settled the California, Staats Stroud investment an Webber, American pur a sale, paid, de¬ amount purchased of R. Reinholdt Curtis distribution A the 100,000 Bros. agreed Paine. Expires respect of Dec. follows: ; The cash will of dated 100,000 above Boyce. Co. William Granbery, Co & percentages have which 545.02 shares of certificates of deposit against stock West rate chares and a system 80,000,000 and 100,000 UNDERWRITERS—The against company) issuable; are shares 561 42 is that of stock West corporation were for 150,000 Co currently Stein & tive was proceedings /Middle notes the banking investment 18 the in agents obtain to The proposed new line, would extend from the Buckingham connection to the coiporate limits of Richmond and Hopewell. The company said Permission announced on Jan. 19. Under"the present plan, the sum of $2.25 in cash would be paid in respect of each of the 3,294,871 outstanding shares of the capital .stock ($5 pari, upon surrender of the stock for cancellation at the company's office in Wilmington, Del. The corporation also has outstanding scrip certificates exchangeable for 11,257 shares of common stock; receivers' receipts (issued by the receivers and/or the trustee of Middle West Utilities Co. in reorganiit company, from 400^000 Corp. Boyce Corp. the of stock Bros. 5,000 2,500 dissolution and liquidation its investment which Pacific Corp & & Granbery securities bankers investment 18 Co Newton All Middle West Corp.—Files Divestment Plan With SEC corporation has filed a plan with the SEC for the divestment its Webber, Paine, as and point. Groves corporation's subsidiary Minute Maid Groves of such proceeds has been applied towards Weeks Moseley except The of Maid Monday, January 23, 1,950 1950, 1, the the & & Bros. stock have * In Securities Higginson S. Stein on Dec. 31, 1949. The class B stock, including those represented by voting trust certificates, have been redesignated as common stock and are now being exchanged on a share-for-share basis. See also V. 171, p. 105. , subordinated These Dominick & Dommick expired . act two commitments —$400,000 American 2,500 3,000 B to the of remainder of names Hornblower The 1949). Dec. invested White, States Petroleum Corp.—Voting Trust voting trust agreement covering the $1 par class requested Co. Such necessary portion Minute by themselves) to purchase from 6% .subordinated promissory 28, mature Hornblower Douglas & Middle ' the cash of Curtis 194. P. obtained 1949 & notes. provide the 1949 Weld Faine, Webber, Jackson & Co.— 25,000 McEvoy Woodcock, Hess & Co., Inc. 3,000 Sons— Lunt___ & 171, ——_ & Co., & Stubbs, Smith & Lombardo, Inc. Thornton, Mohr & Co; 2,000 10,000 Co.— 5,000 Co California First Co.—! & Sears Draper, Co—__ & December, short-term to promissory notes and the principal amounts of such notes of the corporation purchased by them, respectively, are as follows: mon Deane & Scribner Agee & Leach Strader, Taylor & Co., Inc. 5,000 Co coast Dittmar Poole .12, (Dec. and The 7,000 2,500 3,000 7,500 5,000 Co Day, Stoddard & Will.ams, groves in and its order to pay bought subordinated 3,000 2,000 & House Curtis,®, the amount of common financing would be 809,082 this reimbursing in part the corporation's treasury posited to redeem shares of $2 preferred stock. 5,000 Co. 7,500 sur¬ notes at the prioe of their principal amount plus accrued interest to the data of and to Corp. II. O. Peet & Co 2,500 Piper, Jaffray & Hopwood 20,000 Prescott, Wright, Snider 2,500 2,000 Inc.__ ,C. P. Cassell & Co., Coffin, Biptz & Co been banks, that the proceeds oi the sals of any shares of the corporation's capital stock shall be applied to prepayment of the notes: $1,665,100 proceeds of such subordinated notes were advanced The Milwaukee Co 20,000 Odess, Martin & Herzberg Inc. 2,500 S. C. Parker & Co., Inc.— 2,000 4,000 Co Bosworth, ! tion's 4,000 7,500 5,000 — have 1950, 31, of 1250 1. commercial 2,300 Inc. Jan. CHRONICLE and are subordinated to the corpora¬ current and long-term borrowings from commercial banks, that the corporation has agreed, with the consent of such ■except 20,000 2,000 Mead, Miller & Co, Bonbright B. Inc Mayes, Marx & Co.Mason-Hagan, 10,000 Co.— and Boetteher & Hendrix to 1949 White, Dec. 1949. 15, citrus Curtis $2,000,000 98% of underwriters of tire they have agreed to Hirsch & Co J. A. Hoglc & Co Jan. 31, Dec. the of (including of purchase follows: as are by corporation & by total Electric names of the several number of shares which the prior FINANCING—In before privately bankers company Co. Share & "Union Securities Ccrp 125,500 Equitable Securities Corp._125,500 -A. C. Allyn & Co., Inc 100,000 -Robert W. Baird&Co., Inc. 20,000 * firms to with carrying out connection in issued was plan, stock purchase J. issued company the placing Light Corp., Electric of the common stock UNDERWRITERS--The * Jackson Power & approximately received Co. Bond common - Corp., 100.00% 1,478:18676 securities of of company Electric has , » 906,671.823 —— required purchase price thus became a subsidiary of Bond & Share Co., however, disposed of substantially all its holdings of stock of the company, the company is no longer such a subsidiary. the Electric - shares ; Inc Inc Co., FINANCIAL completion on 19,49 funds & holder & the of . Service conversion DECEMBER 95.74% 97.48% 97.38% Light Corp. were deposited by it with the exchange the Electric plan for distribution to the security holders Power Electric of Public Development converted outstanding 95.16> 2,100,000 2.300,000 I,e50;000 Light Co & Power Mississippi New & those & shares. Voting Control Shares Power for stock follows: as to rendered company, transferred to the company $4,100,- Light Corp. in cash and shares of common Arkansas COMMERCIAL THE (362) State. engaged On Jan. in 5, the electric 1950, the and utility businessNiagara Electrio gas Buffalo Volume 171 Number 4875 Corp., York Central New Power Corp.* constituent companies, Niagara Mohawk Power Corp. Corp. THE and New York consolidated were Power under & the Light & Ohio Bell Telephone of name COMMERCIAL Period End. Nov. 30— company renders electric service to residential, farm, commer¬ cial and industrial customers in an area of New York State having a total population of * ' revenues Uncollectible approximately 2,800,000. Principal cities served Buffalo,, Syracuse, Albany, Utica, Schenectady, Niagara Palls and Territory served by the company with gas has a population of about 1,120,000. The company owns and operates an interconnected oper. Panhandle Eastern Pipe Line $ 9,074,560 107,259,798 $ 96,122,185 39,352' 20,570' 332,617 230)453 rev._ are Troy. Operating revenues Operating expenses distribution system serving the public with natural gas in Syracuse, Oswego and Pulton and certain adjacent municipalities. The company also serves the public with manufactured gas in Albany, Schenectady Operating taxes and Troy, as well as Utica, adjacent municipalities. Net Rome, Oneida and Little Palls and certain Net —V. PURPOSE—The bank, loans struction part The obtained program the and proceeds ire 1948 the of company's will and be 1949 construction repay $38,5CQ',000 of connection with the con¬ in constituent necessitate not than more companies and finance to (GIVING additional debt PRESENT value) cumulative_L_. 200,000 shs. series cumulative 350,000-shs. 350,000 shs. 3.90% series cumulative A 3% 240,000: shs. (without pur value )•___ 1,928,627 shs. (without par value)___ 11,094,662 shs. 7,473,172 shs. due Unlimited of 1974 Central N Y. York 2%% Power series Syracuse first rntge. Utica Gas cessor) ' bonds due 56,360,000 48,785,000 1951 & bonds deemable) Niagara Palls 879,000 Electric Co. and due 1957 (not first mtge. 3%% series due and The three refunds- This corporation applications to Earle J. The are I9G&..__ 1ms list its Mac hold. of New stock filed class with A President, York has 15,689,000 teen appointed the and New York stocks common announced preferred stocks—3.40% Jan. on series, 3.60',. Stock Exchange Exchange, that on of none the whom is respective affiliated amounts of names with the series, several principal & $15,350,000 American Baehe Miller E. M. Newton Co.__ & 400,000 Blair, Rollins & Inc. Blair & Byrd 1,300,000 — & Bros. Co.__ 800,000 M. Da in Estabrook arwell, f Co. Chapman 150,000 Haupt & Co.___ Hayden, Stone & Co.— Kill Co & Hirsch Kalman E. A. & —V. & CP. p. —V. 200,000 Staats Co. Nicolaus trade V. & "Net & Co..._ & No. Earned April, 1950, to- Edison the by stockholders Co. Co., 171, p. both of 1949 Co.__ 77,064 4,846,113 4,894,739 873,608 __ Wainwright & —V. Cummins, ' 31— Dec. $2.78 & Wheelock Co-. & Inc $3,545,006 Inc. Harold E. Wood Yantis & Co. & WocKlard-Elwood S. The 150,000 150.000 150,000 Co. <fe the and Co. Inc. 21 sold its inventory, division to goodwill, Valmart-New patents York, Co. (Pa.) above.—V. England Northwest Public ~ $1,463,412 164, Co. Service — Co. The 1,021,056 $1.43 $1.43 total A 2,650 depletion, and has in taxes 1949 and nnd $4 converted £1 per in into 1948 dollars 1947. and 1399. asked the 25,000 shares share leaving the of oil for of 1 and Committee to George interest of to. be $500. at Each registrants in issued annually, will be shares would plans of the to offer revenues Uncollectible Operating oper. ____ expenses, Operating taxes Net —V. 170, __ interest the income charges p-. wili be total bank 169, loans in issued stock dividend rate a issued be Commission to- authorize preferred (no 849. $8,445,501 18,023 $8,896,047 .$8,427,475 6,556,392 6.436,053 '1,169,996 I,0l5,U3 $1,169,659 985,777 , March, after cumulative not 1950, to revenues, oper. entitled to 1/3000 from to Operating $310,258 357 the taxes Net Net —V. operating would and 1950 be used to help construction finance p. applied, of outstanding 1974 with other fiist offering tsee mortgage 98.5467 at funds, and to mortgage in V. 171, the 3V®% 1 accrued the redemp¬ 5%% bonds* 7).—V. p. • 171, of SEC Sell to & Electric Cb. below.—V. 170, 2066. p. television the sets, company's refrigerators, distributors at 6ther and ranges regional meetings national distributor convention in Chicago about i» two- practically and high volume production will be required to set sales a goal of over $250,000,000 for 1950, meet and the indications Philco sales may substantially exceed based this total." 1-95. Jan. on filed 11 letter a notification of to be with the offered share. per SEC to em¬ The pro¬ 1918. of & 23, .stock, Jacob of which Stern and 11,900 1,200 share. Jan. 9 covering shares are for the shares Reported to have to be Estate been sold of and will for The 206*317 company Electric interest Lands $9,613,937 to Light in, U. the has & acquired Power all Co. of the outstanding stock pursuant to recent Vallejo of approval Commission. Pacific, since 1929, had owned company,—V. 171, p. 195. See American Power & Light Co., above.—V. Pacific Telephone & Telegraph a Vallejo by the 797 9,117 and its 237.299 220,203 2,534.814 2.404.633. 31.820 40.330 371,719 307,157 $40,282 $23,022 $384,363 $241,041 247,651 119,171 ______ income 2438. 26,078 17,528 became 1949, 170, -p. effective 2439. > and tons its wholly-owned the all of coal leases being will royalties June minimum $12,550,000. per subsidiary to year acquire the which of minimum a coal, royalties Lease lessor's to which is to to Jefferson the by and based Trl- containsleased now lease payable 1956 5, subsidiary acreage, recoverable company $450,000 a: year > estimated re¬ 011 Jefferson Coal, interest, provides for in which, minimum a , annum. be to paid $5,000,000 by is the to is company be paid the M. approximately * A. Hanna Co. through (lr delivery of said $4,655,000 debentures* (repnesmtmg a pvfee of 103% plus accrued In-1 terest to Oct. 31, 1949c, and <-2r payment of $157,830 cash, the ba).-. ance of the consideration being represented by assumption of unpaid taken at $4,842,170 contract, of royalty surface with and lands, otherwise or amount of to which be Dee. note mining obligations lights, related to approximately transaction 20, 1949.—V. $1,000,000 would 170, become p. and etc., commitments intended properties to at be for use for in conveyed, Oct. 31, effective. 1949, Closing purchase* f connectier* estimated to the as date date was to 2335. Plastic Wire & Cable Corp.—RFC Loan—Dividend Re¬ striction— During Operating revenues Uncollectible- cper. $ :___ 32.767.036 29,204.346 rev._ 125,309- 113,755 Operating revenues Operating expenses Operating taxes Net operating income Net after charges.: —V. 171, p. 106. 32,641,727 24,848,268 3,962.555 4% and machinery and the declare $ of 1,325,919 29,090,59 1 346,375,858 311,785,7 68 23,565,159 270,637,441 247,856,137 2,824,725 39,328,975 31,978,671 a ended year loan pledge pay any without written Oct. from secured loan. or of 1, 1949, the company obtained at payable in monthly instalmentsmortgage of land and buildings and RFC, by a commercial receivables Agreement provides dividends, nor consent of the that the purchase RFC. In or to cover a $75,000 company shall not retire any capital, addition to principal' payments aggregating $36,000 annually, the company will also required, effective Sept. 30, 1949, to pay 50% of amount that preceding iiscai year's earnings, before depreciation, exceed $36,000. 347,866.614 313,111,687 1,490,756 fiscal each, portion 1949—11 Mos.—1948 $ the 5-year $3,000 RESULTS Net —V. 164, YEARS ENDED OCT. 1 $2,026,728 (after income tax p. credits) —_ $2,307,165 57,207 19,948 1912. (IL K.) Porter Co., Inc., Pittsburgh—Acquisition— . The corporation has acquired the entire capital stock of Quaker Co., Philadelphia, Pa., for an undisclosed priee. This marks*1' corporation's entry into the rubber manufacturing field.—V. 17fy 3,830.904 2,700,707 36,409,442 31,950,960 Rubber 2,812,251 1,864,173 25,330,520 24,597,580 the p. FOR sales .* $2,952,883 Co. aggregate consideration $250,000 Co.—Earnings— 8,083 $3,290,896 20, 2335),—V. p. with acquisition of coal acreage Harrison and Jefferson Counties, Belmont, Substantially $50,000 $6,000,090, 45.83% 171, p. 195. 1349^-Month—1948 $ $2,960,966 Co. coal of Total - stock Co.—Earnings 1949—11 Mos.—1943 connection in 90,000,000 the company royalty Pacific Power & Light Co.—New Offer Made— PeriedEnd. Nov. 30-— $3,300,013 in Hanna $400,000 thereafter, Co.—Offering of Stock— 8,365,159 $239,355- A. existing amount H. of 10,570,220 $976,309 $10,953,457 820,882 9,009,629 Dec. 170, Acquisition— $96,025,368 $8.7,413 713 $95,801,314 $37,207,396 72,721,939 67,023,23? M, estimated -Under the The company was granted permission on Jan. 17 by California Public Utilities Commission to proceed w.th the sale of the new preferred stock on a negotiated basis.- issued pioperties from - 1949—II: Mos.—1948 224,254 V. see company, with the exception of a portion under Coal, Co. which is 49% owned by the company. privately. issue is equal in size to the 1,500.000 shares of 5% redeemable preferred stock, series A, offered by Blyth & Co., Inc. last May, ranked as the largest preferred stock offering to originate in the American public utility field. be related coverable Gas & Electric details, the shares Arthur placed (for 1949 the merger into this com¬ wholly-owned subsidiary, which was ou Stock Exchange an Dec. 13 authorized the listing of an $3,910,000 20-year 3'/a % debentures due July 15, 1965, together with $745,000 of debentures reacquired by the com¬ pany, ap¬ 1?,100 involving a stockholders York which- Mfg. Co.—Stock Placed Privately on the additional Ohio, filed recapitalization City Brewing O., by , New 1 an was of Iron Lands— the the program, This part $288,558 after'charges 170, be authorized first of sold Pittsburgh Consolidation Coal Co.—Acquisition of Coal company which registrants' $309,401 expenses Operating be 11 Jan. on $2,500,000 anticipated demand. plan of Dec. March 1, 1950. preferred and common- first be 12,125,918 1949—Month—1948 rev- revenues 1, Philco company Net loss Operating Commision 1975,' to 1, exceed syndicate headed by Blyth & Co., Inc., and including approximately 200 investment houses from coast to coast, will publidy offer on or about Jan. 24, 1950, 1,500,000 shares of 4.80% redeemable first preferred stock, $25 par value. 2438.. "Period End. Nov. 30-— * Pittsburgh Brewing Co.—Recapitalization and Merger the , Uncollectible common Pacific Co.—Earnings— 23.785 Ohio Associated Telephone Operating to Gas and the approved par) 16-73. p. notification Lindsay, at $15 per —V. 171, p. 100. registration," production $8,919,832 ___ ______ operating after P. of California P. Operating Net 168, this 1949—Month—1948 rev._ revenues lor 171, p, pany $5). (par with the issues proposed present says.—V. letter Estate Simons, under Northwestern Bell Telephone Period End. Nov. 30;— $1,436,533 exceeding Jan. amount placed by and A P. tracts. Operating of Solicit par¬ 350 .interests $1,489,605 Corp.—Large Orders Received— have The %■ Power cumulative stock common Outboard Marine 3,000 sale nc-t Aug. Standard The Approval of Issuance; Stocks— Federal shares of common company plication Gas participating interests will be outstanding, of which presently "in the hands of registrants and interested are ties, offered $128,637 . Pitney -Bowes, Inc.—Files With SEC— through underwriters, and said that it has been negotiating with headed by Glore, Forgan & Co., of Chicago, 111., and Kalman Co., Inc., of St. Paul, Minn. & doing business as Petroleum,, on Jan. 9 filed a registration statement with covering $175,000 of participating interests in oil. of 174,469 covering up to 10,000 shares of common stock ployees under a stock purchase plan at $11.63 ceeds are for general working capital.—V. 170, p. group 3287. p. above.—V. Northwest the SEC due presemt $1,461,284 1,021,056 $1.24 cumulative preferred shares, per a and Petroleum, Portland, Gre.- -Registers With Blanchard A. 174,469 1947 shares lure.— (Pa.)—To Transfer Natural of 125,000 $4.40 250,000 » England SEC— Ralph A, nonexistent, —V. 1948 . £1 per 1703 company issuance The Proxies— New like a present , : Preferred, and Common A See 14,538 Commerce issue to of County New 1,611,062 14,538 stock weeks $3.45 Facilities— Northern 2,022,O44r 1,664,075 ago total over $80,000,000, it was announced by James H. Car-* mine, Executive Vice-President. Most of these orders are for shipment in the first quarter, Mr. Carmine said, and increased production will be required in the television, refrigeration and electric range divisions of Philco- to- handle this large volume of business. Mr. Cajmine said: "Inventories of all Philco products are $3,810,101 $3.21 1949 Otter Tail Power Co.—Asks FPC of Proceeds Allegany Gas Co. pi'd, Interstate products 427,500 1,021,056 share r-p- company's See $9,016,346 2,086,789 143,175 100.000 800,000 170, $9,221,517 177,874 $128,974 December $4,237,601 427,500 requirements $1,264,235 of 1949—12 Mos.—1948 $830,326 2587. p. Philco 657,138 $3,972,506 .. dividend depreciation, rate ' $4,817,675 95,040 capital shaies at 300,000 Capital Ap¬ to Philadelphia Co.—Seeks Approval Equitable Gas Co. Common Stock— 14,870,233 7. per voted 1948 $4,751,074 (net) stock '-'After 12, ' income p. June 195. P. 15,755,100 . payable 143,512 on 170, tion $20,506,173 $19,687,908 taxes- share a 1949—Month—1948 income bonds, series A, due interest, the proceeds 106. _ & cents $0.64 $11.60 securities. of Peoria & Pekin Union Ry. Co.—Bonds Authorized— 171, Co-.—Earnings— revenues 50 sales $818,539 177,834 Balance . Co.—Merger Terms— above.—V. of tOn regu¬ them.—V. approve 5,000,000 J$11.87 (est.)_ outstanding Ohio merger common "■ 150,000 Corp.—Sells Freshmaster Division— Gas interest —V. the profit 150.000 Co.; Stokes 250,000 Freshmaster Penn of in Service 6 Months Ended Dec Co. 2438. p. North of the e.eduetions said. its stock of terms outstdg. investments. 28 income Net on 600,000 L_ 150,000 of name 170, called Edison • 171, 200.000 & C. F. on preferredthe of Dec. on revenue Gross are Dividends- for merger share com. Period End. Dec. 31— Gross stock. and per $1.13 Pennsylvania Power Co.—Earnings— new provi¬ which Co. the on This stock CTokiep Copper Co., Ltd.—Earnings— 250,000 Co <fe 194. corporation Service Public those protective principal of series preferred Co.'s payment issued meetings income The The Service $3,214,000 5,000,000 change the authorized common stock from 1,000,000 $1 par shares to 40,000 $25 par shares, each 25 shares of old common to be exchanged for one new common share.— V. 170, p. 791. dividend as stock. same preferred $5,654,000 share. stockholders "We Weeden 250,000 Noma Electric The preferred new a- 1948 496,000 proved— to- unchanged. approvals be the Balance applicable to common stock and, surp. Earnings per common share.—1,102,684 shrs.__ 150,000 Watling, Lerchen <fe Co. Hutchinson 171, 250,000- L 150,000 ; be and remain to income Net & 300,000 Inc.— will Public Ohio of preferred Edison assume will' stock expenses Preferred 400,000 Co. 600,000 Co., Co. & H. 1,300,000 Co Ohio Co. have will of ' $2,718,000 170, p. 2438. Orders 1 800,000 Masten McMaster Co., Inc. R. Thomas 250,000 Weeks Service will shares will • Gross & Bros. Walter 1,300,000 Co. —_ & Illinois Stix 400,000 & -Co Hornblower The <fc <!fc Inc. 800,000 Ira of Co-, common same- outstanding 3.90% cumulative redemption prices 1949 3,565,000 Pennsylvania Industries, Inc.—Change in on Co. 1,300,000 Stringfellow__ William 400,000 Bruce & Sterns 1,300,000 Edison The Income Co.._____ FaiTman St if el, Anderson Curtis___ Schwabacher 400,000 .Gregory & Son Inc Hallgarten & Co & Pollock Harris, : 1950.—V. per equivalent a Utility operating income 600,000 Scott SMs, & First of Michigan Corp. Green, Ellis & Heller, E. 800,000 ; Public Co. share one having court shares value asset- the share per is to pending the FPC's subsequently en¬ complaipt. See als» proceeding. The lower dismissing the Commission's ■^Excluding gain or loss on +After deducting the dividend Robinson- 150,000 Co. those new Ohio Other 1,300,000 Humphrey 250,000 Co. & <fc to the preferred; stock commissions, . 150,000 Co Inc. The 250,000 — Clayton Securities Corp. J. Wm. 600,000 Inc.l___'__ Co.. & Jackson .. William Burr Oh to Service exchange stock Paine, Webber, Co. 50c Ohio of at of per 250,000 O'Brian, Mitchell & Co. Otis 1,300,000 and amount share a Public in and annum presently shares 200,000 250,000 Inc. of the 31c merger in lower a distribution the profits Net volun¬ for namely, 12 Months Ended Nov. 30— 300,000 Bacon, Whipple <& Co._ Becker & Co. which latter Ohio of receive outstanding debt Operating Operating ! J. A. G. 1949, stock common the of December, the stock Corp.—Earnings— Earnings assumption that the the common stocks on date in the earnings Number series & Wells & Co. Cook & Co._ Newhard, 500,000 Co paid are 549/1000 Oklahoma Natural Gas 100,000 Mullaney, Barlh & Co the on Total the common compensate turn, that $2,089,000 realized See 800,000 & C. & R. Co. Securities Corp. to TNet and Bonds W. provided is from income 106. Principal E. Co. stock, preferred Edison of ''-See Amount of Co. Service that in com¬ stock Co. Panhandle, stockholders. p.*2586. Pe mi road U. P. stock. own Years Ended Dec. 31— an¬ the of common Edison Ohio- 1950, effective in will Ohio Public purchasers, the Bonds Stuart 3, dividends Co. Edison the companies p. and 3.90series— Principal Inc. of Co. Ohio to its- 1 latter the in order an 170, on President, company's injunction Panhandle company Amount of Halsey, Co. 13. company, of the 1980 bonds purchased by them are as follows: to- be of merger Sammis, Service ratio- from paid per share per (5). Subject presently listed. UNDERWRITERS—The each No latory the H. share a Jan. stock common 27VaC present of which registrar this as Public Co- 3.90% shares issues. of dated rates, holder as (4) 20,695,000 Co. preferred of the on Unlimited Guaranty Trust the 1,993,000 in common Edison (3> Ohio . 548/1000 Public March comparable re¬ Ohio the Lhe sions bonds: stock V. Service approved by the a separate two-thirds vote are as follows: to For series 5% 3,214,000 Power tag for 879,000 (prede¬ extension that the restrain stock.) the of of offer Ohio Public be in Ohio rate (not must paid on (2) which prior Edison stock of 5% ______ refunding rntge. 56,360,000 Walter normally common bonds-, Lighting Co. (predecessor) redeemable) . rntge. for distribute ''Net difference approximately Ohio- of effect to Co., and by companies, receive in and terms Edison share quarterly Ohio 40,000,000 - exchange to 12 dismissed the proceeding investigation of this company's Hugoton Production Co., a sub¬ its order dismissing the proceeding, the FPC pointed out a companion case the Supreme Court last June affirmed court's ruling which denied the Commission's motion for 11,310,624 company an to reserves in Jan. on involving gas In 11,364,337 companies both share $48,000,000 40,000,000 1975 15,180,489 15,124,117 certain both exchange dividends of • $48,000,000 of (The same 48,785,000 first due 1,017,284 1,027,203 Commission 1948, sidiary, 18. terms, the SEC each difference 1,928,627 shs. stock 2%% series due 1980 of the co Buffalo Niagara first nitge. bonds, 2%% series due 1975_____ New tary this Ohio Jan. will stock. 240,000 shs. stock series into. on For holder 200,000 shs. 3.60% Class 1,814,325 26, natural planned Co.—Merger Terms Approved— of merger (It 1,200,000-shs. General mortgage bonds: 71,923,661 12,657,442 Power Oct. of determination approved stock mon series Common 17 company nounced Outstanding 3.40% _ Jan. equity or FINANCING) Authorized par 75,945,556 15,801,136 Federal tered directors The TO 1,173,980 1,801,340 Ohio Edison. loans. EFFECT 6,862,776 The transfer 2334. p. Commission, CAPITALIZATION Capital stock: Pfd. stock ($1C0 6,621,342 _ Co.—Proceeding Involv¬ Investigation of Company and Hugoton Dismissed instituted 95,891,727 1,702,496 in program. bank 106,927,181 charges 170, The $25,000,000 of financing, including short-term 9,053,990 7 by FPC— to used construction program has required about $70,000,000 since 1947 expected to require in 1950 about $43,000,000 in addition. It is will net 10,138,163 __ operating income- after ing 1949—11 Mos.—1948 <Jj 10,177,515 ____ (363) ' jg Operating CHRONICLE Co.—Earnings— 1949—Month—1948 V-' " The FINANCIAL 889. Procter approved a proposal to Increase the par value, from 7,500,000 shares (of outstanding) to 15,000,000 shares, in order to effect stock split-up. It was also voted to change the voting power of the 8r/o preferred stock from one vote to 11/2 votes to preserve relative voting rights. All revisions will become effective on March 3, 1950. The stockholders will receive certificates for additional common stock to be issued as a result ox the split-up and scrip will be issued for fractional shares. The directors have declared the regular quarterly dividend of 75 cents per share on the common stock, payable Feb. 15 to holders ot stockholders The authorized which record stock, 170, Opens New — Pl&^t said to be the most efficient electric power of its size in the world, was opened by this company in Portsmouth, JT. h., on Jan. 18. This station is the largest single item m the company's $30,000,000 expansion program. Deriving power from the combined use of mercury vapor and steam driven turbine generators built by the General Electric Co., the new 40 000-kilowatt station will be able to produce more electricity with a Station, people. 100,000 than V. 171, 170, Ended Months Nov. Balance before deductions. Interest, etc., deductions income Net Dividends 4's,a'/o two 54,408 127,337 deductions income Operating 29,943,868 .. , 1,938,804 Other income System, Inc.—To Operate 28.594,054 8,193,142 170, schedule The feature direct the of during airline part of the year will Germany. There will be the Hamburg on Tuesday and Friday every 687,151 Other daysat Copen¬ to Hamburg as well as to the other five cities in Germany served by Scandinavian Airilnes. The airline operates the largest network of routes within Germany of any airline.—V. 170, p. 1500. hagen $1,048,528 revenues— oper. 969,882 total oper. expenses Net oper. earned V. $3,622 $673,288 35,043 12,386 411,101 $1,156,855 $1,197,295 111,806 1,147,893 1,132,601 "$15,033 *$7,204 $8,962 $64,694 Total operating expenses revenues— Net inc. trans, to earned oper. surplus 171, 329,379 200,899 15,715 "38,436 Reynolds Metals Co.—Unit Buys was announced Southern Colorado Power Co. net Net ended V. Jess to Larson, General Net Phoenix the of sale plant are the same as in Corp., subsidiary, a Dissolved— been has . dissolved.— other the will make a down payment of 5% with a 4% promissory note for the balance of the purchase price, payable over 25 years and secured by purchase money mortgages. The company may make part its payment in aluminum in lieu of cash.—V. 170, Manufacturing Corp. — Uncollectible Operating 1,868 1,545 19,579 $9,945,971 676.996 7,431,760 $8,837,220 6,994,604 112,393 103,407 1,370,426 Net $115,577 61,393 operating incomecharges 170, p. $82,377 $1,143,785 $716,546 50,302 612,076 419,560 that the of December, in its loan Other income feet of Jan. -The PURPOSE Income Net $4,314,429 $3,885,202 269,203 275,098 3,444,423 3,025,850 $79,619 $870,006 for new are to be used additional working proceeds and for equipment 1,069 7,128 9,143 $102,373 $80,688 $877,134 $868,494 15,101 1,729 205,189 167,167 $87,272 $78,959 $671,945 in to repay bank Nehi from Corp., chises and parts of eastern New York. Washington St., Poughkeepsie, 170 BEFORE CAPITALIZATION ' - and Office N. Y. 210,000 preferred stock, Common stock —V."170, p. par (par 10c) $461,945 J. Longua. loans, It 1951 —> Outstanding paid to noon Feb. Feb. a Tenders— 1 Notices of acceptance will be mailed not and interest oh accepted bonds will be 15. . ... must C. T. Federal approval Commission Power Clienery, Chairman of the Board, said on is designed to bring deliverability to 529 schedule half the of of is met, new the expects to complete and the remainder company in program 1950 required for the program can be secured in part from which has been our consistent policy, Mr. earnings, a next in not be in is surplus earned and compares its the with favorably now com¬ pipe is increase in and that in the future by this company—* reason to believe the dividends paid 1950. probable, however, that in connection with the financing stockholders may receive a preferential right to buy which could be priced sufficiently under the market "It is quite the program which of There $2. an stock common in reinvest company line companies generally. earnings are about $3.25 per share surplus dividends should there our $32,500,000, consolidated "Present present or years that stoek—probably common debt. property about about $i a share, and our financial program is based on such reinvestment of earnings: the see year, two and stock additional of from additional to noted be sale from million but obtain daily. starting like the mon to program feet approximately stock give a value to such rights." to The it advantageous to carry the cost of through a bank loan until It is ready Chenery said. •' end of 1951," he added, "without the sale might find temporarily company construction do to permanent financing, think at that the stock additional of we Mr. have will of $35,000,000 stock common and if we provide $5,000,000 more equity by the sale of stock, bringing the equity up to $40,000,000, we could by a com¬ bination of mortgage bonds and bank loan work out this financing on a basis which should improve the earnings per share." and surplus; which that be gained from sale of present holdings in the retail companies, Alabama Gas Corp. and Mississippi Gas Co., consummation of present merger proceedings under the Alabama would be a merged property with consolidated may subsidiary upon of name for common stock of said.—V. 171, p. 196. earnings Chenery $1,000,000 than more Uncollectible Operating Co.—Earnings— 1949—11 Mos.—1948 $4,147,748 $46,559,540 $44,862,454 8,023 100,547 84,201 $4,312,707 3,195,892 47f,641 $4,139,725 $46,458,993 $44,778,253 3,148,243 35,231,351 34,540,341 420,607 4,926,972 4,441,580 , revenues— expenses Operating Mr. 1949—Month—1948 rev._ oper. Operating 1949, In $4,321,157 8,450 Period End. Nov. 30— taxes Net $4.5 million 3V2% 1957-59, inclusive. after 171, The company . be Jan. on covering $18,000,000 $6,300,670 $5,79G,332 474,467 5,208,270 4,823,561 filed 10 With SEC— registration statement with the a and 99,698 shares of common stock ($1 par). preferred stock are to he offered for sale to the underwriters headed by Blair, Rollins & Co., Incorpo¬ dividend rate on the preferred stock, offering prices and share; per bonds The if and public through The underwriting terms for the bonds and preferred stock are to be dis¬ closed scribe held amendment. by one the right stockholders to offer sub¬ to business on Jan. at stock $17.50 involved in of underwriting is No share. common close the at share comon new record of to proposes company for the proposed sale of the for each shares of common 12 1950, 30, stock. The major portion of the proceeds of the sale of bonds and preferred stock are to be used to redeem presently outstanding bonds, debentures bank the and ■ of stock common betterments.—V. proceeds, the sale together be for will 170, p. used with the construction 1196. L ; ...... Public- Service' Go.^Common Southwestern « balance Th loans. of additions that Sisters of Charity $570,875 548,358 8. p. first mortgage sinking fund bonds, 27/a% series due 1975; 30,000 shares of cumulative preferred stock, par value SEC Be Offered at $31.50 a Share— :: , 1 Stock to : , > fixed .a price of $31.50 per share for the offering of'additional common stock to common stockholders of record Jan. 18 in the ratio of one new share for each eight shares held. The of the $640,174 income charges oper. Net —V. Privately—- (Lewiston, Me.)— directors Subscription .... on Jam 19 rights will expire Jan. 31. ' The entire outstanding issue of-first mortgage 4-fa bonds, due Feb.-1, at 102 and inter? trustee, Lewiston, 1959, has been called for redemption on Feb.*!,'next, est. Payment will be made at the-Lewiston Trust Co;, 163, p. - 694. ' . Socony-Vacuum Oil Co., Inc —Plans 3 New Cracking Units— corporation plans to • build., 4,hree 1 more thermofor catalytic cradking units at its; refineries, it was disclosed, on Jan. 7. One Will be built- in the Buffalo," (N. Y.) plant, another in the Beaumont, (Tex.) plant, and the third at the Brooklyn - (N. Y.) refinery. L will replace other type processing units at these plants and will make it possible ..for. the. corporation to be much more flexible in its making of different products from crude oil, the •These cracking announcement units said. announced that other new ther¬ mofor catalytic cracking units were being built ot its refineries at Trenton, Mich.; Augusta, Kan.,' and at Eeauraont. All the new processing units are expected to' be completed this year.—V. 171, p-. 8. ; Several months ago the v J - 1949--^Month-^l948 Operating revenues— Operating expenses _—: V Net Other , $6,026,706 operating income. 587,701 $560,178 $6,491,248 dr5,656 180 30,692 72,532 $582,051 $560,358 $6,521,940 1 ~ 2.429,823 $6,099,238 2;425,122 $4,092,117 ' 386,008 $3,674,116 $3,706,109 $3,295,460 * 1,349.831 1,237.346 ^ $2.75 $2.66 — Income deductions ~___L income"-— -____ Dividends accrued on cumul. preferred stock Balance "Shares Earnings v ■ $1,343,885 $16,888,150 $15,316,343 783,707 10,396,902 9,289,637 $1,474,417 886,716 income— company 1948—12 Mos —1948 ... income Gross 'Net .'..IV.,'' JCOMFARATIVE INCOME: ACCOUNT Period End. Nov.- 30— This bonds delivered tender day, a 1952—and will through Calls Bonds— Secretary, on Jan. 17 announced that the company, for the purchase by it of its general and refunding-, on hopes said, or $1.5 for $2.17 recently privately Me.—V. pursuant to the acceptance, in whole or in part, delivered in negotiable form and must be. so delivered during the period Feb. 1 to Feb. 15, 1950, both dates in¬ clusive, to the Chemical Bank & Trust Co., Agent, New York 15, N. Y., where payment therefor will be made.—-V. 171, p. 139. All of placed , None 100,000 shs. 5(7- gold than $586,964 should "I the company'in> December, 1949, Woodv Gundy- & Co., Ltd., Toronto, secured notes, series A, due $1.5 million each year Proceeds are for expansion.—V. 163, p. 1481. i announced was had Society 10,000 shs. 100,000 shs. $20 Broadway, New York, N. Y. later $645,242 1951. and bonds, series A,-due July 1, 1990, at prices notexceeding $105 per $100 principal amount. The company is prepared; to expend approximately $2,000,000 if bonds are offered -on favorable, terms. All tenders must be received at or before 12 o'clock noon <EST> on Jan. 31, 1950, at the Secretary's office, Room 2105, 165 mortgage $505,617 proceeds FINANCING St. Louis Southwestern Ry.—Invitation for Paul $576,080 The Chenery $491,327 $2.04 . Simpsons, Ltd.—Notes Sold 2587. has invited-tenders 142,414 The $32,500,000 per capital. Authorized 5*7 342,300 160,992 reinvestment 210,000 requirements applicable to com. stock and surplus share (226,584 shares) — —V. 170, p. 1703. distributes products in» and plant are located PRESENT dividend Balance New various at 354,800 137,585 Co.—Awaiting FPC Approval to Capacity—New Financing Proposed— than during $701,327 deductions Earnings per common York on Jan. 28, 1947. Manufac-: tures nonalcoholic beverages from concentrates purchased under Iran-COMPANY—Incorporated licenses $1,071,678 304,300 150,068 cubic this more $859,352 Drl8G (net) income Preferred 8 net $1,161,034 327,800 2336. gas 18. million rated. publicly offered 8,000 shares of 5% cumulative preferred stock (par $20) and 40,000 shares of common stock (par 10c) in units of one share of pre¬ ferred and five shares of common stock at $30.66 per unit. Dec. on $947,503 taxes Southern Union Gas Co.—Registers $354,717 $102,561 income income Gross Royal Crown Beverage Co. of Poughkeepsie, Inc.— Stock Offered—Raymond V. Edwards, Massapequa, L. I., Y., $1,053,948 inc. permit it to start by early spring its recently announced increase system capacity by an additional 109,000.000 cubic The N. Dr29,358 before to to $100 from the Penn Mutual Life Insurance Co. by $3 million, leaving a balance of $2.6 million, which fs payable in instalments over the period 1950 through 1956, inelusive, Otto Haas, President, recently announced.—V. 170, p. 2336. reduced has 205 company time plan 1949—12 Mos.—1948 1949—Month—1948 $371,764 Operating revenues Utility oper. company Dr34,00G Southern Natural Gas This Sierra Pacific Power Co.—Earnings- Oper. rev. deductions The may 1962. Co.—Loan Reduced— Ilaas under which this corpora¬ notes in December, 1947, has been retire the loan by December, 1959, 3'ja% of company Period End. Nov. 30— 2439. Rohm & 3,994 1,126,070 taxes after million $4 so There are $2.5 million principal amount presently outstanding. Dividend restrictions were also removed, other than that the company must maintain a specified working capital. Dividends were previously restricted to $1 per share in any one year. —V. 170, p. 2587. instead 12,988 $862,780 690,515 . amended $8,850,208 $318,485 rev._ opor. revenues Operating expenses Derating $9,965,550 $864,325 issued tion 1949—11 Mos.—1948 1949—Month—1948 $920,353 1,101,036 inc. Operating revenues According to reports, the loan agreement Period End. Nov. 20— 1,160,829 deductions p. Increase Amends Loan Agree¬ ment— Operating revenues 2,452,745 981,508 Southern New England Telephone Corp.—Earnings— Rochester Telephone S3.553.781 2,591,705 1,049,953 taxes Nothing corporation has borrowed Sheller 1087. —V. Bank— $9,000,000 from the Mellon National Bank & Trust Co., according to a report made to the New York Stock Exchange on Jan. 13. The loan bears interest at 3r/o and is payable in semi-annual instalments from May 30, 1951 to Nov. 30, 1956. Pro¬ ceeds will be used to pay off $7,000,000 in bank loans and for working capital.—V. 169, p. 1997. Reynolds Instances. $3,752,535 2,275,792 income 170, new 139. 171, p. The build. Net plant and equipment Net profits for the $2,328,000. were Shamrock Oil & Gas Corp.—Borrows from 23, Mr. Larson announced the Terms p. 1949 $3,257,300 2,383,549 inc., income -V. 1949—12 Mos.—1948 $3,433,502 oper. State & Earnings 1949—11 Mos.—1948 "I Services Administrator. On sale to Reynolds oi three plants in Arkansas, one at Troutdale, Ore., and one at McCook, 111., for $50,081,858. These five plants cost the government more than $130,000,000 according metal, to 31, Dec. Geophysical Westby and has an annual capacity of 60,000,000 pounds of extrusions—shaped products made of the light-weight aluminum net income Fed. $14,668 income oper. oper. Total 467,923 $9,033 $1,292,877 635,900 198,856 443,453 $66,231 68,196 153,271 8. p. additional $34,000,000 ment Dec. offering. Seismograph Service Corp.—Subsidiary Phoenix, Ariz., at Aluminum Co., a subsidiary, for $6,000,000, it Dec. 30. The Phoenix plant had cost the Govern¬ on solely of i Reynolds to sold consists company Sixth Plant— extrusion plant aluminum government-owned A the of 157,153 $1,405,687 624,722 246,811 198,041 $27,180 Period End. Nov. 30— It During the past ten years the company's gross has increased by more than $5,600,000. year was and the 220,000 of securities of group represent the first public offering Co. & account 8. p. underwriting head- this to be offered to Searle proposed - •Deficit.—V. ethical pharmaceutical registration statement- 1.000,000 author¬ ized shares of common stock, 700,700 of which are now outstanding. The company is engaged in the manufacture and sale of ethical pharmaceuticals and was incorporated in Illinois in 1908. The company has been continuously under the management and control of members of the Searle family since its incorporation and no changes of either management or control of the company will be involved in the 1949—11 Mos—1948 $101,216 108,420 $96,773 named been D. Capitalization America—Earnings— 1949—Month—1948 oper.-revenues Net has shares G. Period End. Nov. 30— Total a by the company to employees and 220,000 shares will be purchased by underwriters from certain large stockholders. Smith, Barney dc Co. 232,850 Radiomarine Corp. of filed 18 $5 par common stock. Of this 26,573 shares of authorized but unissued stock will be offered amount to trans, Jan. on the SEC covering 246,573 shares of with 8. p. companies, manufacturing $540,939 surplus 171, . $78,646 revenues- income Net .This, company one of the country's important 1949—11 Mos.—1948 $970,052 $11,038,475 $11,211,430 966,430 10,365,187 10,670,491 1949—Month—1948 Pefiod End. Nov. 30— 'total 1949—3 Mos.—1948 206,383 Electric oper. revenues Electric oper. expenses Elec. -Earnings— $428,541 deprec. and divs If With SEC— Searle & Co., Chicago—Registers (G. D.) Communications Inc.—Earnings— R. C. A. Ltd. 1949—Month—1948 $476,417 85,701 Surplus -V. 171, week. Return 2066. p. Int., busy Hamburg, to direct service SAS flights to 17.139,739 12,570,229 maint and 15 to Oct. 1, flights leave the German city on Monday and Thursday. during the week there will be excellent connecting service 3,288,618 2,601,467 20,400,912 a this 2,528,365 760,253 27,415,503 1,178,551 Gyllensward, General Traffic Manager, on Jan. 12 an¬ this corporation will operate nine transatlantic roun4 week between New York and Europe from May year. All flights will be made with DC-6 equipment. trips 25,223,382 20,595,327 Taxes Nine that nounced 31,882,672 10,794,609 _ deductions income Net —V. $ 21,088,063 income Gross Income $ 1,948,201 1,579,177 8. p. earnings Transp. 177, p. 8. Harold 171,547,297 170,100,190 1,447,107 141,603,429 142,684,687 (1,081,258) revenues Operating revenue (Decrease) 1948 $ Operating 1949 Ended Dec. 31— 126,000 Weekly—To Feature Direct Service to Ham¬ burg, Germany— increase or 12 Months 30,000 None Round Trips Co.—Earnings- Gas 2,697,190 2,293,296 charges 171, Oper. 35,626 30,000 37,473 outstanding 14,807,509 173,776,199 156,713,501 2,253,833 23,557,681 20,847,312 Period End. Dec. 31— $345,640 outstdg.) outstdg.) (shs. (shs. Scandinavian Airlines Public Service Electric & $381,266 $364,497 stock common scries A series B stock, stock, Common shares —V. for available preferred preferred 4:?4 % 100,024 preferred stock on Ealance ... — $481,290 115,282 — $476,928 4,362 $534,187 — — $529,110 5,077 $418,905 income Nonopcrating income Operating 19,009,543 15,893,178 2,881,088 operating income- after 227,557,262 194,700,552. 21,471,456 — expenses Southern Canada Power Co., $1,463,924 986,996' $1,654,839 1,125,729 ■—■—~— depreciation 99,884 1948 1949 30— 195. p. Net —V. 19,074,666 228,502,516 195,408,782 65,123 945,254 708,230 21,571,240 Operating taxes Net Operating revenue x Operating expenses, taxes and oper. Operating revenues Operating Works—Earnings— San Jose Water 7,500-kilowatt mercury-turbin gener¬ ators,- two mercury boiler furnaces, two heat exchange units called condenser-boilers, and a 25,000-kilowatt steam-turbine generator.— of consists station The Uncollectible of idle for V. equipment of comparable the equipment, to supply a city more is pointed out that 1949 expenses included extraordinary $2,500,000 for inventory price revaluations and $2,000,000 plant expenses. There were no such charges made in 1948.— p. 2336. NOTE—It given amount of fuel than any generating yet built According to engineers who designed the new station will be able to provide enough power size of $ ____ rev._ Operating revenues Gross Schiller Station— Schiller taxes— inc. Fed. 1949—11 Mos.—1948 $ $ 1949—Month—1948 Period End. Nov. 30— ."Approximate figures. charges 12 Hampshire - from inc. Net 2133. p. Co. of New Service sales Net no shares were a lti-for-1 25.—V. Jan. Public 20 Dec. on common 6,410,000 1949 1948 *$127,000,000 $162,672,926 *5,400,000 ' 14,859,803 Calendar Years— Co.—Earnings— Southern Bell Telephone & Telegraph Co.—Sales & Earnings Off— St. Regis Paper Div. Co.—Split-Up Ratified—75c Gamble & Monday, January 23, 1950 COMMERCIAL & FINANCIAL CHRONICLE THE (364) a applicable of .common per to common' stock stock common "Outstanding ; share— at end cf period.—V. (Continued 171, - p. 196. on page 378,647* 41) i Volume 171 Number 4875 THE COMMERCIAL & FINANCIAL CHRONICLE (365) Stock Record «» New York Stock Exchange DAILY RANGE OF PRICES YEARLY RANGE OF SALE PRICES Ran re WEEKLY VOLUME OF TRADING FOR EVERY LISTED ISSUE STOCKS for Previous Tear 1048 Lowest $ per share NEW Range for Year 10 40 Highest f per I per share t per share 14% Feb 6% Dec 31 Abbott 12 ACF-Brlll 14 1Q 31 21% May 26 xl7y8 Jun Jan 35 Dec 23% May 46% Jan 14 23 27% Dec 41% July 35 Jan 5% Jun Xl8% Dec 99 Not 18% Jan 12 Admiral 29 Affiliated 23 9 110% Dec 16 Corp 83 Air preferred 4% May 2% Jun 21 4Vs Nov 1 Alaska 13% Feb 13 18% Dec 6 Aldens Inc 65 Nov 65% Dec 84 Apr 23 40% Feb 73 14 2% Feb Oct 25 4% May 78 May 64% Jan 34 May 17 Va Jun 109 May 88 Sep 20 90 Mar 96 Apr 83 July 11% Jun 6 May 165 7% Dec *171 Mar 198 17 17 27Va Jan 14 Dec 23% IS 17 Dec 86% Dec 24 Dec 100 Sep Dec 7 4 821: __ . preferred 82.50 prior 14.50 7 93% Feb 17 Jun 13 8% Jan 10 Allen Jun 16 16% Dec 21% Jan 15% Jun Dec 24% Jun Feb 25% Feb Mar 19 Allied 30 Allied Kid 13 Allied 35% Dec 12 Allied Stores Chemical Ry & 8 97% Nov 30 25 337s Dec 14 76 22 88 Oct 3 NOV 31% Oct 26% Jan 3 37% Dec 30 2% Jun 14 4% Nov 39 Amalgamated Jan Apr 29 83% Feb 121 May 89% Feb 7 Jun 34% Jan 34% Dec 82% 37 43 5 Amerada 9 Amer 3 45 Oct 10 Mar 6% Jan 3 10% July 22 68 Mar 51 Jan 4 18% Mar 29% July 20 Jun 13 58% 70 Sep 0 Dec American Dei: 31% 103 Nov Dec 14 Oct 26 12 Dec 17 American 30% Mar 23 36 Jan 10 Amer 96% July 11 43% May 111 27 69 Jun 104 Jan 11 6% Sep 10% Dec 5% Jun 1 10% Jan 3 Dec 6% Jun 2% Jun 13 4% Dec 76% Feb 163% Oct 28% Nov 74 Nov 81 Jun 49% 100% Jan 106% Dec 28 187% Sep 7 33% Jan 7 21% Jun 6 Jan 60 Jun 1 82 Jan 1 25% Dec 15 47% Sep 7 27 May 19% July 38 Dec 51 May 39% Feb Dec 20% 14% Dec 22% Jun 14 81 Dee 94 Jun 33% Feb 43 Oct 71% July 29 35% Feb 8 94% Feb 21 Feb , 107% 15% Feb Jun Jan 3 25% Jun Jun 14 99 49% May - 44.% 447 a 7,300 23 % 22% 23% 64,800 10% 10% 10% 10% 10% 10% 10% 10% 10% 10 Va 10% 10% 16,400 51% 3% 17% *68%' 69'A 69 69 Dec 30 36% Mar 31 3 Va 70 18 % 3% * 70% 20 3% 3% 3% 3% 3% 3% 3% 3% 26,200 80 % 80% 80 Va 80% 80% H0:%, 81% 3,200 83 *80% 83 *81 *81 83 83 *96 *87 90 *87 90 *87 90 *88 90 ♦88 90 8% 8% 203 204 8% 204 204 19%' 19% *18% 28% 28% 28% 28% 33% 34% 33% 34% 95 95 94 95 8% 204% 205 *'19% 9 205 25 8% 9 9 2,700 205 % 204 204 206 2,300 19 % 95% 19% *19% 19% 19% 19% 29'A 29'A 29% 29% 29 29 1,000 34 % 33% 19% 2!) % *29 34% 34% 34 34% 34% 34:% 7,500 95 Va *94 % 95 Va 94% 94 Va ♦94% 32% 33 32% 33% 32% 33 32% 90 90% 90 % 90% 90 % *89% 90'A 37% 37% 38% *37 Va 37% 37 37% 36% 4% 4% 4% 4% *37% 38 *4% 45 *38 45 106% 43% 700 33 Va 89 1 106 100 92 32%, *87% 4% 11,500 100 *88 8% Va 83 24%' *96% 89 32 89 *43 19 8% 24% 37% 32% *87% com 9 24% 69 Va *80 % 100 32'A 1,600 80% 25% par 120 3,500 18 3% 96 203 8,400 3% *17 Va 70% •69Va 520 24% 120 18 96 8% 51% 24% 120 3 Va 17% 70% *51 24% 120 3 Va 3% 18 *69 Va 51 24 120 25 106 *43 *40 45 106 106% *4 107 *40 4 ♦40 45 102 • 4% 4% 106 105% 1,100 4 Va 106% *38 104 % 800 14,000 1,000 37 Va 4 % 45 103% 95 700 45 2,900 43'A 43% 44 43 Va 44 V2 43% 1 10'/a 10% 10% 10% 10% 10'A 10 V4 10 Va 10 10% 10% 10% 31,200 _100 *71% 72% 72 72 72 72 % 71XA 72 70% 71% 71% 71% 1,500 25% 25% 25% 25% 10 common 24% 24% *64 66 * 25 % 25% 25 Va 66 25% *64 G5 65 43 65 *64 ♦64 44 43% 25% 25% 1,600 '65 *64 65 3.100 10 2 Co 10% 11 10% 11% n 11% 11 Va 11% 11 11% 11 11 Va No par com__ 34% *101% 35 33% 34 33% 34 Va 34 34% 34% 34% 34% 34% 104% *102% 104 *103% 104 % 103% 103% 104 Va 104 % 104% 200 8% 8% 8 8% 8%' 9 Va 8% 9Va 8% 8% 8% 8% 32,200 4"% 5% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4% 36,400 106 105% 106% 105'A 109 110 113% 113% 115 112 Va 113% 7,900 187 188 188 187'A 188 188% 190 188% 190 189 189 100 Co Inc—l . 1 Corp 25 common 106 100 Cable Co 186 VA 27 Co ♦104 260 26% 26% 27% 27% 27% *72'A 73 72% 72% 72% 73 74 74 *24% 25% 24% 25% 25% 25 % 25 Va 25% 25% 25% 25% 25% 1,300 45 45 45 % 45 45% 45% 46 45 45 % 45% 46% 3,100 18% 500 45 27% 27 Va 27% ♦73 *73% 75 27% 6,600 75 10 18% 18% *18% 19'A 19 18% 18% 10 *17% 18% *17% 18% *18 18% 18 18 *17% 18% *18 87 *85% 87 *85% 87 85% 85% *85% 87 *85'A 87 50% 50% 50% 50 Va 117% 119% 118% 500 18% *85% American Cyanamld Co com 10 3%% conv preferred aeries A_100 49% Distilling Co 3,700 26% • 100 com 5,400 27% . No par Crystal Sugar prior preferred American 3% 18 *69Va 24% 120 80% *81 23% *38 Colortype 24 *117 3% 83 , 3% 18 51 51 51 24% 120 80% 3% 80 No par Co American 30 24 *117 3% 3% 51 Va 51% 24 17% 100 51% Dec 51% 120 *117 3% No par 4% * 51 '/a 23% 120 17% American American . 24 %. *117 3'/a 27 Mar 11 51% 24 . 17% 11 12 120 44% 22% No par 23 87 44 23'A 25 % preferred 19% Oct 14 42% 44% 22 Va 96 preferred American Chicle *40 43 44% 23% 50 A ♦40% 43 44 % 23 24'A Corp Chain *40 Va 44'A 23'A No par <fe Radio 43 44% 22'A 50 Co *40% 44 No par Broadcasting Can 43 44% 23% American Car dc Fdry com 7% preferred 19% Dec 3 Jun . conv 7% *39% 1,300 22% *92% preferred Shoe Cable American 3 Jun 18% Mar 15 4% 43 6,000 3% 44 % 24 Corp Note Bosch Brake Amer 3,000 96 common conv Bank American 22% 23% preferred 29 ' 172% Mar 17 •2% May 177 3 6* 22% Chemical-No par Airlines cum 6 61% July May 22% *92% preferred Agricultural 3%% x7% Jun 29 Feb Leather Petroleum American 31 22% 100 convertible 120% Oct Nov 6% 47 6% 22-% Mfg common.No pat preferred 108 conv 31 22% *3 3% 96 preferred Allls-Chaimers Jan 22'A. 54% 52% 52% 3 23% Alpha Portland Cement 6% May 60 22V8 3 Va *92% Corp common—No 25% Feb Nov 22% 22 5 83% Jan 44 3,400 No par Jun NOV 21 gtd—100 Dye Jun 3% 20% 52% 52% 3 Va 3'/a par Co 98 x23 21 1 42% May 3Vt% 20% 52 y8 52 51 No par 6% Dec 4* 21'A *81 73 Jun 21 80 26% Dec 91 21 1 Mills 25 81 Dec Dec 30% Oct — 20% 100 Indue tries Inc 19 15 25 34% May 37% May 20% 22 20'% 21% preferred-No par West 210 14 25% 20% 100 ; preferred Allegheny & *20% 5 A conv conv 3% 10 common Allegheny Ludlum Steel Corp_No Mar 12 104 share Shares 3% 100 4preferred ww Allegheny Corp common 5% ft for the Week 50% No par 21% May 80% Jun 68% S per 3'/a 50 w w Ins <fc Dec Feb Sale.s Jan. 20 share x com Nov Dec share Friday 19 Jan. t 50'A 51 *39% 2% 2% Thursday 18 1 13% 37 t per 3% No par Equipment Reduction Alabama $ per share 3% Corp__io Corp new common Vlcksburg Ry Juneau Gold Mining May share 50% 1 Addresaograph-Multlgrapb Gas per Jan. 10 Co Adams-Mill la 9 27 t Wednesday ' 5 Express CO Dec 23% May 16 3 97% Mar 27% May 108 Adams 51% Dec May 23 46 13 11% Dec 20 Jan. J 7 I per share PRICES SALE Tuesday Jan. 16 2.50 Co Motors Steel 19% Dec 47 15 Monday Jan. 14 Laboratories 44% Sep 5 21 % Mar 28 14% Nov Dec Acme HIGH AND Saturday Par 3% Dec 51 Jun 17% Oct Dec LOW STOCK share 1% Jun 31 2% YORK EXCHANGE Lowest Highest 50% s 33% 49Va 49% .,115% 116% 19 50 116% *115 20 19 117 33% 33 33 118 .r34« ^ *18 Va *x337/a 34% 34 Va. 18% 20 13,400 119% 3,900 33 % 33%, 50% 119 Va 119 33 200 50% 50% 33% 2,000 >■ Range for Previous STOCKS LOW AND HIGH ■" Sear 1948 Lowest f per share B Jan Range 1 rl'earl9l9 Lowest Highest I per share 4% Feb 23 6% Oct 27 14Va Mar 19% Oct 15% Feb 24 19% Dec 3 13 y. Dec 1# Apr 13% Jan 5 21% Nov 28 1% Sep 4% May 1% Jun 7 3 % Dec 6 Dec 6% Dec Nov ~35%~Dec 3% 46 Dec 89% Jan 7% Jan 20% Feb Dec Dec Jun 13 43 V2 Oct 6 6 5 % Oct 11 Jun 3 46 26% May 5% 79 IS 34 43 % May 83 51% Dec Jan Jan 24% Jan 5% Jft F<! 8% May Jan 92 73 10% 13% Feb 15% Jun 11% Feb Jan 19 Jun 15% Mar 16% Dec 95% Feb 6 98 4% Jun Dec Dec Dec 1% 7 22% Jun July 93 3 13 96% Jan Jan 4 29 Feb 33 5% Jan Dec 3 28% Nov 13 32 Feb 8 18% Jan 102 70% Feb 10 109% Dec Jun 6 14% Jan 7 Jan 109 Apr 37 68 May 46% Feb 139 Mar 31 Mar 125 Nov 25% Nov Dec 21 10% Dec 34% Feb 116% Mar 16% Dee 1477/a Mar 54% Mar 131 Oct 46% Feb 115% Nov 6% Dec x337/a Nov 90 Dec 76% Mar x5% Dec 51 Nov 30% Feb 30 Feb 25% Oct 98 Sep 163% Jun 39% Jun Jun 142 Feb 34% Jan 35% May Jan 13 11 5 15% Dec 178 112% July 8% Jun 79% 79 Va 78% 79 79% 79 Va 79 Va 79 '/a 80 1 32% 33 6% 6% 6% 6% 6% 6% 33 33% 33% 33 Va 33% 33 Va 106% *105 106 V2 preferred American News & Co 1 Co 30 No par *35 Co 67 May 41% May 45% Jun Jan Co 110% 112'% 112 14% 13% 14'A *175 Apr 6% May Jun page Tobacco *40 41% 40 40 common par par 54% 54% 54% *164Va 164% 163% 100 41% *145 15 prior conv preferred Anaconda Copper Mining 8 Anaconda 8% July 7 2% Aug 4 26% May 2 20. 19 15 Jan 27 28 Va Dec 8 11% Nov 7 4% Jan 9 42% Nov 22 & Cable Anderson-Pilchard Andes A P Oil Corp Copper Mining W Products Co mc Archer-Danlels-Mldlaud 42 41% 41 "A 55% 55% 54% 163% J64 'A 164% 41% *145 41 % 41 148 *145 *41 *145 55% 164 41% 148 9% 9,000 45% 2,500 *41 55 162 42 55lA 163 41 41 *145 148 100 7,000 500 900 10 1 26'A 23% 26 % 26 Va 26% 26 26'A 26 26'A 7,000 31 31 31% 30% 31'A 31 31% 30 30'A 30% 30% 2,300 12% 3,900 11%' *39% 12 11% 40% 39'A 12V8 12'A 40% 40'A 12% 12% 40% 147% 147% 40% 19% 5 41 y4 148 . 176% 9 25'A 19% 20 164 - 45% > 26 Va 20 No par 54% 55% 166 9Va 12,700 23,900 25% 20 21% -10 9 . 30% - 20 Anchor Hock <01*M Corp com—12.50 54 preferred No par Anderson, Clayton as Co *41 20 50 *175 42 5 —25 *175 9'A 14% 14 46 *129%. No par 113% 14Va 45% 130 $4 conv prior preference—No par Zinc Lead & Smelt com 1 112% 15% 176% . 46 130 5 8,600 *453A *41 41'A 145 36,900 112% 13% 176Va 15% 9'A 9 10,700 135 '/a 46% 130 Amer 7 41% 145 *175 ■ 134 15% 9 55 164% 176% 7% 134 15% 4G *129 100 23 41% 148 9 100 common—No par, preferred *175 45% 100 Water Works Co Inc Woolen 176% 8% 45% No par Tobacco Dec 13 14 Sumatra 35% Jan Dee *175 9Va 46% No par 35% Jan 40% Dec 176Va 9 46 —No par 14 15% Jun 110% 13% 100 Foundries 14 Juc see 109% 14Va 25 com preferred 22 Va Jun 36% footnotes 109% 13% 100 25% Jun 18% 34% 109V4 14% 74% 108 500 110% 5 preferred Wire 35% 110 -*151% 65 35 133 25 1 35 15% American 48% Jun 35 133% 6% preferred : 100 American Viscose Corp common—14 5ft preferred : ;_100 6 35% 15% 14 4 30% 35% 1 35% 131% No par Co 200 7% 15% 137/a 106% *105 30% 131% 15% 2,100 7Va 15% 27 Jan *35 1,600 30% , 130% 30 7% Dec 15% 35 Va 100 6% 30% 7Va 15% Dec 80 *35 106 Va *7 600 5,500 30% *7 130% 76% Dec 2 36 ♦105 106 Va 6% 13,600 30% 130 153% Dec 6 *105 7 Va 30% 131 Razor American Tel as Tel CO 7ft *6% 29% 15% Ship Building Co No Smelt & Refg common—No American 7% 30% 130% No par 100 00m preferred American Snuff Co Am 106 % *6% 29% * 6% 33 Va No par Sxn'y Amer 91% Mar 11 *105 7% 30% 6% 33 No par com .preferred American 6% No par Light Amer Rad A St non-cum 7% No pa* 56 preferred 6 ft *105 100 Molasses Natural Gas 3 4% Jun Va 33% 7% 20 80 3 59% Jun 1,500 81 100 B 17 22 79 Va preferred 150% Jan 8% Mar ?'/ 21% 15 14 38 5 a Feb 22 'A 22 16% Jun 6 22% 300 88% 19 Sep 29 22% 22 % 14% 6 79 1,600 16 Va 20% Nov 21% Jun 15% 88% * 60% Jan Jun 15 14% American Stove Co 66% July 15 '/a 16% American Sugar Refg common 7% preferred Aug 25 *14% 87 14 121 15% 8% 14% 13 xll7% Apr 18 6% Jan 3 8 91 e% Am 9,100 8 91 33% 7% 34 33% 91 16% Dee Jun 22% *7% 87 12 Va Jan 74 22 33% 33 15 151% 8 Va *90 *90 14% 17 Jan *14% . 33 1,600 14,600 91 8 Va 81/4 91 87'% 7% Jun 49% May 10 32% . 10,200 52 16% Jan 135 32% *48 .14% 24% 128% Nov 22 15 % 22 *8% 52 16'% Stores Jan 32 Va *90 5'% 5% *48 No par 30 3 1 22% 8 5% 5% 52 *86% American Mar 32% 32 *48 14% 14 55% For 7 *21% 8% 5% 5% 52 16% 31% Dec 71% July 5% *48 86 % 6 Jun 32% 5 % 52 14% 27 20 Dec *7% 5% *48 52 86 43% Dec 3 25% Jan 99% Mar 29 Nov 32 ' 16 21% Jan 38% 2,800 *48 14% Apr 107 300 5Va 5 % 5% 1 16 27 Apr 42% 86 Steel 8% 53Va *41% 14 % American 104 52% 42% *42 15% 7 120 52% *41% 86 14 68% 51% 42% 50% 41% *41 15 Jan 144 52 Va 41% 16 Sep 138 51 % 42 *41 89% 28 158% 51% 42 common 150 July 50% 51 1 3 18 50% 51 Va —No par 14 10 17% 61 com Jan Jun 17% 61 15 Seating 31% Feb 23 17'% 61 10 19% Jun 120 17% 60% 10 Jun 41 May 131% July 20% May 17% 61 Va *85 Safety 42 s a Dec 17Va 61 100 American Dec 18 1/4 61% Fdj Co com—No par American 56% Jan 17% 61 % American Metal Co Ltd com_No par IS 7,000 18 60% 50 Locomotive Power 70 70 17% 60 % Co Amer Machine & Metals Amer 70 69% 18% 62 preferred 4 164 70% 9,800 17% Co com 7 48% Jun Mar 23 3 61% preferred 14 Jua 4 Co 69 7% No par preferred Ice 71 70 71 . No par Electric & Sep Jun 8 Gas Nov 60% 24 69% 8?a Dec 49 46% Mar Feb 70% 70% No par 35% 140 130 17 9,400 3.90ft 31 10 46 3 Va 8 167/s May Sep 3% 36 V2 Aug 12% 38 3% American 69% Nov A 8% Amer Macn 31 8 31/4 American Dec Mar 31 3% -3 130 6% Mar 3 % 17 11 23% Jan 3% Oct 23 Oct 3% 33% Dec 7% Feb Jan 3%' American 83% Feb 28 Foreign Power com„No pai 23% 3 % 20 Jun 12% 1.100 22% 29 11% 178 19% 22% 14% 95% May 16% May Feb 19'/4 22% 14% Feb Dec 19% 22% 14 Nov 6% 16% 19% 22% 14 6% 162% Nov 19% American International Corp_No par American Investment Co of 111 1 80% Feb 19% non-cum 4Y2% 2,000 7% 19% 23 American 105% Nov 23 7% 7% 19% 22% 8% 30 Shares 19% 90% 7% Mar 14 7% for the Week share 22% AmerlcaL Home Products 26 *7 Sales Jan.20 t per 19% conv 7ft 7 Friday 19 21% Va 29 7 7 Jan. 1 per share 9 per share 19% American Hide & Leather 6ft per share 22% American Hawaiian SS 20 33% Dec 7 Va Thursday Jan.18 19% 90% Jan Sep *6% j 1 PRICES Wednesday 17 22% 91 15% Dec 84 f per share *90 22% Dec 13 Jan. 40c American 6 ft 7% 7 1 SALE Tuesday 16 100 1 22 35 8 7 14 10% May 14 9% Sep 15% Dec Jun Jan 32% Dec 100 f per share Jan. No par preferred 17 18 7 11% Jun 78 Nov Encaustic Tiling-, $7 2nd preferred A 18 preferred 5 12% Jun Dec 43 Aug 73 24% Mar 6% 3 5 23 Jun Dec 72% 3 Jun 28% 108 21% May 9-4% Jun 12% Nov Amer & 5 10 American Monday Jan.11 American European Secur American Export Lines Inc i.5 6114 Dec 37 Saturday STOCK Par 3 19% Dec 17 3 Va Jun Jun Jun 69% Dec 3 Jun 44 Jan 14% 77% 6% Jan 45% Oct 42 37 YORK EXCHANGE f per share I per share 7% May NEW Highest 146% 71 118 8 29Va 146% 74% 152 ,. 71% 118 8 Va 146% 147% 73% 74'A 73% 151% 151% 151% 71 118% 8 118% 119 119% 3% 28% 89'A 89% *71% 74 *70% 73% 6% 6% 8 29Va 90 63%' 63% 29% 30 29Va 29% 29% 28% 29Va *29% *38'A *107 *51 21% *10% 3 % 36 *63 74% 152 71% 29% 6% 74% 71 64 28% -89 *70% ' 6% *62% 29% ' *29 20 147% 71 Va 119 12% 40% 40% 129% . 132 19% , 12% 12% 40% *129% 152 71 Va *88 *6% 132 129% 20 148 148'A 74% 75 152 152 71 % 71 118% 119'A 20 148% 74% 12% 40% *129 *19% 148% 74% 40% 131% 20 148% 75% 1,700 200 1,300 41,900 7,600 153% 420 72% 72% 73% 5,900 118% 118'A 118%' 260 153 153 8 4,800 29% 28Va 29% 28% 28% 28% 29 14,500 89 88 89 89 89% 90 90 *70 73 8 % 8 *70% 73 6% 6% 8 8'A *70% 73 6% 6% 8 73 8 6'A 6'A 6% 220 2,700 63% 63Va *627A 63% 120 30% 29% 30'A 29% 297A 29% 29% 20,100 29% 29% 30% 30% 30% 29% 720 39% 64 *63 64 . 107 107 *106 107 39% 106 % 30Va 39% 106 % 51% 51% 52% 51% 51% 52 53 53 53 53% 53% 900 21% 21% 21% 21% 21% 21% 23"a 23 23% 22Va 23% 18,800 10% *10% 1074 *10% 10% v10Va 10% 10% 3% 38% 40 109 *38% *107 3% 3% 36% *36 Va 40 109 3% 37 39'A *107 33/a 36% 39% 109 3% 37 . 39% 39% 39% 3% 35'a 3% 3% *10% 3 Va 3 7% 37% 37% 37% 38'A 10% *10% 1,500 50 900 1.400 9 10 COMMERCIAL THE (366) Highest $ per $ per share I per share Nov 32% Oct 19% Jun 14 29% Dec 89 Dec 101% Jun 77 Jun 15 95 Feb 3 15% May 5 6% Dec 68 % Dec 41% Feb 88 99% 13% 77% Jan 13 51 'A Dec Jun 22 101% Dec 29 15 114 105 % Jun Dec 111 May 95 Apr 28 27 109 106 July 87 Apr 12 101% Dec 23 14 50% Nov 25 11% Feb Jun 30% F eb 64 Feb 120% Sep 80 96 Mar 107% Jhti 26 35 Jan Dec 44% Dec Jun 62 14 10'A Dec 1 32 % Jun 19% 25% Jan 64% Dec 53 Sep 81 Deo 77 15 Feb Feb 114 May Jun 5% A 7 3 Atl 10 4% Feb Nov 25 % May 20 Jan 4 24 y4 Aug 11 64% Apr 42 Jun 10 58 Jan 3 Jan 100 Feb 7 110 Dec 9 114 99 Sep 20 Oct ' 24% 15 Jan Sep 20% Jan 3*0 Dec 9% May 4% Feb Nov 16% May 13% Feb 11 Jan 4% Jun 14 Tack ' Conv 15% Dec 31 Jan 8 24 Dec 19 Nov 19% Jan 10% Nov 23 4% Feb 7% Oct 4% Jun 14 7% Jan 35% Jan 14 16 *11 " 46 34% Jun Jun Avco 11% 11% 11% 11% 11'A 11% 11 11 1,300 16% 16% 17 16% 16% 16'A 16% 5,300 108% 107% •108% 108% 109'A *108'A 109% 101 100% 101'A *100'A 101'A 48'A 48'A 108 % *108 102 100 % 48% 48 % 48% 48: 44% *69 % 70 % *86 % 53 ?% 15% 14% 14% 107% 104'A 104 104% 1,100 12% 12% 12% 12% 2,560 43% 43% 43% 44% 6,100 100 70 *68 70% 88 38% ■>7 100 'A 3 *68 70% 88 *69 110% *88 90% 89% 89'A 200 38 37% 37% 12,100 37'A 14 38 'A 110% *110% 110% 110 110% 110 110% 100% 100% 101 100% 101 100% 101 22%. 2*> 1 J, 53 53% *108% 22% 54% 53% 54'A 108% *107% 108'A 53% *107% 108'A 19% *18'A *18 19% *18 22% 22% 22% 22 % xl 03% 19 7% 7% 7'A 13% *14% 15% *14% 7% 6% 7 6% 14'A 14'A 13% 14 13% 6'A 6% 6 'ft 40'/4 6% 40% 40 *39 TOO 7 15% 5,900 6% 6% 13% 13% 2,900 6>A 7 13% 6 30 19 *15 7% 15'A 40 54% 7 6% 7 'A *15 260 670 5,360 800 22% 54 % 109% *18 40 16,500 104% 6% 39% llO'A *103% 7 % 6% €% 39% 6% t 39% conv 2,500 44 43% 88 7 450 49% 48% 108 14% 6% 14 310 102 101 13% 37% 15% *14% 6% 6%' - 70 70 88 *86 38% 37% *109% 110 % 100 % 100% 23 *22% 52% 53 % 103% 108% 19% *18 7% *7% 22% 500 15% 1'6% 43% 109 19% 15% 16% 43% 101 16 *15% 105% 5 Amer 16% 104 *14% .:__5c of 16% 102% *18 *7% Corp (The) common—3 preferred Nopar Mfg $2.25 Co Canteen Automatic 17% Mar 16 16'A 104 Nopar .1 1,540 16% xl3 22% No par : 390 113% 13% **52% ($1.26)' 51'A 101'A 113 103 *108% common——No par Co 50% 101'A 113 104% 160 : pfef prior Autocar 7 44% Jan 6% Corp 51'A 101'A 113 13 % _No par preferred—— Nichols Austin 14 7% Sep 26 4% 12% Atlas 4 conv 51'A 101'A 101% 37% 4,000 51% 101'A 101% 101 3,0Q0 113 51 'A 13% *109 76% 11% *107% 100'A ' 74% 101 % 104% 5. 4% 17 *16 11% 16 70'A 89 38% 110% 74% 113 51% *112% 101% 43 101,000 101 113 104% 13 42'A 42'A 9'A 113 51 101 100% 25 Powder common Atlas 74'A 51 101 104'%: *69 8% *73'A 75 74 101% *86 340 8% ' 48% . 19,000 8'A 8% 48% 1 Atlas Corp * 93 101'A A__ 100 100 preferred series $3.75 series B conv Preferred 73% Shares 29'A 93 48% 100 J SS Lines common W non-cum 28% 93 8% 3% 73% 29 93 104-% No par preferredAtlantic Refining common 5% 48% Aug 91 zl9% & G RR__ Line Coast 8% 23% 52 % 92 92 91% 8% 73% 50% 101 *112% 13'A Investment Co 92 8% 29% 28% 28% 28 27% 27% "'91 103 13'A Mar 18 Dec 29 16% *107% 10 Dec 102 par T F Inc Jan 112% Dec 21 1 24 par 10 Atlantic 99 73 *50'A noi *112% par par Topeka & Santa F'e com__100 non-cum preferred-H00 Atch 7 42% Dec 13 Jun 93 % Jun 106 preferred t per share 28'A 92 8% 74% 51 % 101% 113 17% 11% 16 % 168'A *102 48% 73 30% Jun 50 % July 30 1'02 No No No No 8'A common—1 __100 ___100 Goods Dry 2nd Associates 7 Jan com 17'A 1st preferred 94 14 S per share *11'A 1% 47 Feb the Week $ per share 5 6% 105% Nov 16 • Feb 66 Dec 105% Jan 14 July 13% Jun 97% Jun Jan.2o $ per share No par 14 14 15% Sep Dec Dec May Sales for Jan.19 $ per share Inc Carpet Co Artloom Associated 98 19 Friday Jan. 18 Constable Corp Arnold 11 87% 12% Mar Illinois of $3.75 (Jet 24 13% Jan 7% July 18 Co & Armstrong 16% Dec 30 1 13% Mar 17% Aug Dec preferred conv preferred Cork Co com preferred $4 conv preferred 30 94 7 Wednesday Jan. 17 27% *90% 10 100 5 com Corp $6 conv prior 10 38% Jun 115% July 18% Jun Nov liy* 49 % Jun Jun 56% Jan 108 Jan Jun 106 4%% Armour 13 8% Dec 13 Jun Steel Armco 13 Thursday Tuesday Jan. 16 $ per share Par $ per share share 23% PRICES SALE Monday Jan. 14 EXCHANGE Lowest HIGH Saturday YOftK STOCK NEW Range for Year 1940 Highest Year 1948 AND LOW STOCKS Range for Previous Lowest RECORD STOCK YORK NEW Monday, January 23, 1956 CHRONICLE FINANCIAL & 30.600 39'A 1,500 6'A 39'A 40 \ B 13% Feb 18% 17% Jun Dec Jun 15 ft 8% Jun 1-3 xl3 Jiih 11% Nov Babbitt U Baldwin Baltimore 13 11% Jftn Feb 16% July 29% July 7% Jun 15% 14% Jun 14 22% Jan 13% Feb 31% Jun 1434 Jun 13 25 60 Feb 80 % May 60% Jun 13 72 July 27 Jun 28 53 Dec Mar 10 40% Nov May 59 38 Dec 28"% Jun 15 Nov 45 Jun 36 Jun Feb 45% Deo 39% Mar 9 Nov 16% Mar Dec 23% 8 Sep 36% 31 x20 4% 13 21 % Jan « 6 41 4 56% Dec 4Ya% 3 Bath 9% Feb 15 15% Oct 13 3 17% Jan 20 1 33% Dec 3 101 Sep 16% Mar 69 Deo Jan 87% Feb 25 22% May 12% Nov 4 20% Jan 3 21% Dec 28 5 86'A Nov 90 Mar 69 Jan 100 6% Jun 30 Feb Apr 34% 27% Jun ■ 16 Feb Beech-Nut 90% Dec 103% jun 85 Get 18 98 Feb 38% Jun 26 Jun 13 37% Dec Jan Jan 5 1% Dec 10 86% Dec 102 % 93 July Jan Dec 139% July 129% Jun 3 Dec 37% May 22 %Jun 29 Nov 14% Oct 20 11% Mar 11 9 9 Jan 141 Dec I per share 9% 13 Highest 36 y4 July 227a Jun 197s May 107A Jun Dec ; a—1 4 (Del) 14% Sep 87s Jun —100 Nopar Nopar 147A Dec 6 16 15 2574 Mar 30 37% May 21 Aug 24 96 Jan 50 Aug 9 30% Jan 18 Aug 8 16% 10 Jan 64 Jan 12 18 32'/2 Jan & Class 91% May 11 98y2 Dec 28 2% Jan 13 100 Boston & Maine RR (assented)_100 Bower Roller Bearing Co__ 5 Braniff Airways Inc— 2.50 Brewing Corp of America 15 May 5% May l%Mar 9 Dec 38 3%% 23 Jun 17 Nov 10'A May 6 'A Jun 13 Dec 71 Feb 25'A Jan 5 47% Jan 10 Dec 117a May 6% Jun 13 9% Apr 16 21% Jun 20y83un 14 3? 34 3A May 14 297A Nov 23 37% 257A Oct Jun Jun Jun 26 Jan , 87s Mar 30 Jan 33 6 105 y2 Dec 14 6 17 Oct 101% Apr 98 23% Sep 1874 Jan 3 39 Dec 19 Jan 3 12% Dec 28 40 12 12'A July Feb 33% Aug 29 y4 Mar 14 99 Aug 95 NOV 15'A Jun 27 13% Jun 14 15 Nor" Sep 7% Dec 24% May 124% July, 117a May 9 120 102% Dec 6 Jan Feb 16 Dec 24 Brown . 7 $3.60 31 193A Dec 7 76 Oct , 27 Mar 75 July Deo 40 Jun 3578 Dec 14 12% Dec 217a May 12 y4 Feb 15 18'/2 Dec 31 29 Va Feb 43 3A Jun 297a Jun 15 36 24% Jun 1374 Apr 19 97 Jun 77 16 % 81 Dec Mar 72% 77 12% 7'A 79 Dec Apr Feb Nov Mar 8% 100 17% Deo 15'A 89 1974 Dec 7 14 14 9 13 122 OVaJun Jaa 60 Jun 1 4% May 3 Feb Jun 82 13 98% Jan July 98 V* Jun Feb 35 Ya Jun 20 y2 Jun 40% Jun 30 Feb 52 84% Sep 52 May 2 Jun 9 31 2 2 Watch — No par — Co Mills Corp Dec 31 24 Byron 30 36% 36'A 36% 36% 37 15,200 9% 10'A 5% 9% 9% v 1% 27% 10 % 10% 11 % AND < per 9 per share 28 * *1027A 19 J *75'A 37 *13'A 36 1.9% *95'A common *86!A *82 ; 14% 36 , 20'A 96 , 8874 84 147A 9, 9 *119 121 , 93A 9% -15 *74'A 37A 23 1 *104 24 27% 27% 27% 27% 3.600 10% 10% 10'A 10% 5,900 27'A 27% 10% 11 300 PRICES/ SALE Jan Jan. Jan 19 I per share $ per share Sales Friday Thursday 18 . fur the Week 29 Shares 1 per share 28% 28'A 28% 27% 500 *27% 14% 14 7 8 15 14% 14% 1474 14% 6,400 13% 13% 15'A 13% 13% 14 13% 13% 137a 13% 4,200 27% 28 28 14% 14 26'A 267b % 26 14% 14'A, 14% *14'A 25% 26 257b 26 % 24 % 25 '/a 24'A 24'A 600 14% 26% *14% 14'A' 26 % 8,100 • 2.200 25% 25 7A 25% 257a 25% 25% 57% 58% 57 58 'A 55 % 56% 56 56'A 970 5774 22% 22% 23% 22% 22'A 22% 22% 22 22% 1,080 22% 4,800 15% 16% 16 16% 15 16'A 16 15% 16'A 16% 48 y2 49 48% 497a 49'A 4-9 % 49 49 3 49% 49 % 3,700 56% 57 56 7 a 57% 57 573A 567ft 57 5674 57% 6,200 98% 98% 99 98 98% *937a 99 *98% 98 'A 2'A 2% 2'A 2% 2'A 35 y4 35'A 35% 35% 35'A 87B 8% *8% . 29 29 29 8% 8% 87a 8 7 8 29 83A 8% 2'A 36'/a 36 % 8 8'A 874 2'/u 1,200 36% 36 36% 800 8 'A 8% 2,900 3% 29% 29 29'A 29% 29% 29% 29% 29 'A 28% " 28% 23% 28% 287ft 2?7t 287a 27 27'A 27 2 7'A 26 3 4 27% 27 27'A 105'A 105% *105 37% 37% 106 *105 106 29% 60 87a 83A 2,600 927b 29% 3.600 237a 1,400 7,100 500 28'% 26% 38% 5,100 12'A 38 38 27% 106 *105 106 37% 87a *28 8% 28 % *105 240 99 2 30 *28 874 a 2% *2 30 *29 4,500 36% 36% 37 37% 11 % 12 12 12'A 12'A 12% 39% *39% 397a *39% 39% 103% *103'A 104'A *103'A 104'A 20 24 3A 2478 24'A 247a 7,200 19% 19'A 19% 10,400 39% 76 37, 19'A 140'A 32 57% 39% 39% 39 % 30% *103% 104% *103'A 104% 103% 40 19'A 123% 14% 139% *139% 14% 14'A 16'A 23 23 * 32% 139% 28'A 25% 25'/2 104y2 38,300 31% Wednesday 8 per share share 6,100 32% 35% 33 *139% 17 35% 35 35% 140'A 133A 137a 14 lA 26.'A 27 27% *105 4 106 ' 36'A 36% 12 12'A . 1,300 14% 57 ' *39% Jan 35 % 17,300 27% 27% 200 • 2 1% 2 28'A *27% 900 88 110% 28 'A 28 147a 5778 *98% 99% *2'A 2'A *35 " 36, " 8'% 874 29 29. 87a 87A 283A 29'A *28'A 29 HIGH Tuesday Jan.16 : 3,400 25% "86 *109 1% 28 139% Monday *108% 2 27% 2 28 86 110 86 86 108% 8.400 9% 25% 25'A 25 % 25'A 25% *85 108% 26% -Nopar —5 100 No par 86 139% -—Nopar 1 preferred *84'A 26% __ participating Jackson Co 13 86 139% 4%% preferred -100 Butte Copper & Zinc 5 Co (A M) common—No par Byers 1% 13 86 36% 86 * 13% «fl 13 *84% 139% 26'% 10 *123 137a common 1,500 *139% 140'A 26% 27'A 9% 10 5 Inc 200 13'A 12% 35'A 100 Nopar common 13'A 32 % Nopar preferred Butler Biros 28% Jan 20 15 common 1 100 3%% conv 2nd preferred 100 3%% preferred _100 Burroughs Adding Machine—No par Bush Terminal 1 Bush Term Bldg 7% preferred—100 4% 27 105 13 277a Mar Feb 1 Co Burlington , 247A Jan 10 23% Dec 4'7a Mar 30 7 17 May l4 11'A-Dec 13 27% July 105 13 16% Jan preferred (The) Co BuloVa ; 14 Dec 84 6 Jun 7 Dec Inc No par preferred Bullard 19 91 6 , 13 Nov 95 7 13% Jun Jua Mar Apr 11 x97% Jun jun 10 % July 114 Dec 2% Mar 16 73 Jan Dec 73 70'A Jun jun 88 May Co $5 preferred Buffalo Forge Co. , Jan 7% Budd 27 30% 65 2.50 100 Bucyrus Erie Co common Sep 30 13'A Dec 7% Jun 13 617a July 6 26% Jun 27 Shoe Brunswick-Balke-Collender Dec 125 t 1 Bristol-Myers Co commoh 37i% preferred , Brooklyn Union Gas Brown & Bigelow : : 15% Max Dec __2 Bridgeport Brass Co No par Briggs Manufacturing Corp__No par Briggs & Stratton Nopar 7. Jan preferred 5 15'A 13'A 32 % 48JA : 14% 13% 35% 1 15 14% *13 31% 48'A : Inc (The) *14 13% 25% 1% " 2 400 14% 108 108 108 % 1,800 33 % *13% 34% 2274 96 120 25% *84 % 86 33 *14 9% 25% 33% 13% 10% 57% Nov 23% 13% 5,500 8% 30 *29'A 14% 13% 36'A 22% 15 7A 87% Feb *14 10 57 Borg-Warner Corp common 17% 33 14% 35% - 12 Feb 33% 10 ' 597A Dec Stores Borden Co ,• 33% 36 5 21 Dec 31 51 , 33 31% Nopar 42% Apr Bond 19'A July 28 7 32% 35 % Nopar B 66'A July 38% Mar 33 8'A 8% 30 *29% 86 14'A 26'A 25 'A Brass Bon Ami Co class A_ 5 30 34% 5 Feb 90 % 81 *29% 27 'A 2.50 42% 27 *80 81 8% 30 *29'A 30 21 'A 9'A 9 9% *79 81 *79 81 8% 21% 21% 21% 21% *79 8% 13 ; —1 ; Co Aluminum Bohn 27 v Airplane Boeing 137a Nov 8% 1,000 85 14'A 137b 27% May 44% Jun 92 % 21'A 22 27% 34% 30% NOpar Dec 25% Nov 4.200 22 32% No par Dec 367a 19% 12% Jan. 14 37% Nov Nov 19'A *84% Saturday 51 25 19'A LOW Blaw-Knox Co Bliss (E W) Co ; Bliss & Laughlin Inc: 14 Dec 15 Dec X27% Mar 19 19% 19 34% Par 2 13 Dec 7% 19 31% * Black & Decker Mfg Co 12 9% Jun 57% Apr 42 100 18% 34 EXCHANGE , 177a Jun 17% May 22% 6y4 99'A 27% com__No par STOCK YORK NEW 15'A Nov 13 29 y2 26 ; i_l Steel Sper share 30V2 Jan 30 19% Nov 1% Aug 32 Yu Dec 99'A 36'A 36 Mining Co_18 pesos 7% preferred Bigelow-Sanford Carpet Birmingham Electric Co Highest 5 per share tper share Dec Deo 2,000 991/4 STOCKS Lowest Feb Xl3 com u-Jx Co Range for Year 1949 Year 1943 2«% Loan Foods Range for Previous Lowest 12% 30% 99'A 87- ,*86 33%c Appliances— Consol Bethlehem 21 12% 30 7A 100 % 25'A Benguet 31% Mar 21 28% 12% 31'A *99 % 19 *84% *106% '2 Best 36 12% 31'A 99 % 12% 9% Best <fe Mar 125 LI 13 12% 31% 99 % 100% 86 86 *107 109 2 2 4 27% 28% 7 23 % Jun 12% 30% 19 12% 25% 10 May 10% Oct 12% 31 "A 80 9% 22 Feb 25 39% 100 ; 12% 18% 21% 13 13 21,100 30% 8% *29% 33 % *14 *13% 141A 13% 30 37% *37 12% 18% *79 25% Dec 23% 37% May Feb *13% , 5 Indus 900 31 *20% 80 * 8% 30 34_ *84% 27% Oct 30% May Feb 30% *14% i._10 common Cum 33% Jan Feb 25 : 8% ^*29% 34 _10 Home 130 2,000 3,500 1,800 13% 18% 21% pfd $3.25 ser of 1946_No par Cum pfd $4 div ser of l948_No par Beneficial 6 23% Co , preferred Bendix 7 31 2% July *79 *_10 __1 _1 ; Bendix Aviation 109% Dec 29 - *21 50 Bell 11 18% 1 Co 31'A 100% 2.50 Nopar pfd__ 100 Packing 12% 31% *99'A „ 4%% 17 27% Nov 18 18% 18% 12% No par 12.50 100 common * 85 18% 18% 14 - 47'A 18% *18% 56 'A' 11% Jun 4 46 19 47% 13% 18% Jan 24 48% 18% 56 24% 6% Apr 13 47 % 19 Dec 21% Feb 18% 47% 47 56'A 14% 73 % Jan 46 45 % 37 16% Jun 30 87% Mar 1,600 67% 18% * 26% July 8,700 22'A 37 14 21% 20% 66 'A 56 10% Feb Dec * 66% 19'A 19% Mar Nov 66% 33 Nov Dec 20 21 20 21'A *21 56'A 10% 9% % 55 Belding-Heminway Bell Aircraft Corp 4%% 67 *37 14 5 67 19% 21 % 68 38 RR Howell 20 21% 68 56 16 & 19% 21% 68 46 % 48 20% 21 % 68 55% Corp— (A S) Creek 47% 20 21% *36% pfd conv *68 20% 21% 55% 11% Jun 68 20% 21% 69 21% 36% 30% Jun 21 20 36% 55% 18 % 12% 30% *99 % 37% July Mar 21 ' *13% 207/a May 26 31,800 38 55% 19 Feb 18 25,600 11 18 % Feb Feb 12% 10% 18% 32% 1 14% 12'A 10% *36% 55% 13% 14% • 147A 12% 10% 50 i_5 1 Co Aircraft Beech 37 4 Mar 30 14% 12% 11% ilO Inc Foods Beck Shoe 32% Feb 30 14% 12% 10% , Mills, Inc__ $1.25 div conv preferred Beech 14% 12% 11% common Beaunit 2 10% Jan 21 6 14% 12% 11 18% Co Cigars 3% % 8 16'A Get Io% 14% 12 'A 11% Works Corp Iron Bayuk Beatrice 6 Dec 14% 11% 10% 20 12% 11% (Delaware) _i„10 Corp Oil Barnsdail 11% Jun Jan 14% 12% 10% preferred 27 26% Nov 15% 14% 11% . preferred— Brothers Barker 7 Mar Oil Barber « 14% ' 100 common & Aroostook common—50 5% preferred 100 Cohv 1,700 *14% 13 Works ©hio non-cum Bangor Jan & _100 1 (B T) Inc Locomotive 12% Jan - ' 12'A 12 * 23% 23% 227ft 24 19 'A i 9 'A 197a 123% 19 12374 123% 123% 24% 24 19% 3% 14% l5% 75% 75% 75 'A 75'A 37 37 - *36% 37 19 *18% 19'A '13% 19% 36'A *35% 36 36 36 124 13% 1374 13% 75% 76 76 300 37% 37% 38 1,200 13 Va 18% I33A 35% 35 3A 35% •35% 1,100 20'A 10,200 197B 1974 1974 19% 19% 19% 19% 197a 56 96 96 96 96 95 96 *87 88% 88'A 88% 88 88 87% 88 89 *81% 84 82 Va 82 % *3272 84 *82% 84 84 14% 14% *82 14% 14% 14 7a 9 120% * 9 120% 9 121 • 10'A 10 9% 1474 9'A 121 10% ' 76% 37a 74% 23'A 105 24 227a 3% *104Va 75 75'A 3% 4 22'A 227a 105 " 23'A 23'A * 104 % 23% 76% 4 22 7i 105 19% *95 14% 9 .'A 9% 900 18 % - 96 *86% 140 63,300 137a 37 37 187a *123 700 *75'A 14 36% 36 124 *123 J 7674 *75% 19'A 1.9% 12'4 *123 14 13% 12 97a 147a 9% 1'4% *9 96 147'8 9% 270 600 10 10,500 10'A 1,800 *75 *120% 1217a 50 107b 10'A 10% 107a 10% 8,300 76% *120% 75 75 75 75 *37A *3% 4 22% 121 121 121 23 104'A 104 4 23 23 3A 23% 23 'A 35% *357b 35% 55 *54 55 *1041, 105 37a 227a 105 1.900 4,700 40 23% 1,600 357b 35% 54'A 54'A 1,700 30 *1% 17a 23% *23% 35% 55 2 37a 23 105 660 C Jun 1% Dec «?,/ £eo 21% Deo 101% 87% £ov Nov peo 14% Mar 10 Mar For 3 May 1 3% Jun 27 -8X41ay 31%W|r 16%J0n 157a May 119 44 9% Jap Jon 98 see page 7 3 28 36% Dec 5* 58 18 2 ' Apr 5% preferred Callahan Zinc-Lead a _ 50 1 Oct 10 6 Calumet & Hecla Cons Copper—5 127/a Feb 4 Can Dry Ginger Ale com 22 3A Jan 10 109% Mar21 41 16V4Jan 8 1078 Jun 13 21 Oct 25 15% Dec 29 May 6 1 *35 7b * Campbell W & C Fdy , No Par < 36'A 355A 35 3A *53 California Packing common—Nopar 57a Jan 35% Jun 27' May X19% May 19% May footnotes Sep . 54 54 54 357ft *54 17s 17a 17a 17a 1% 4% 47a 4'A 4% 47a 4% 197A 20'A 20% 20% 20% 20% 19 7A 10% 1 T'A 107A 11'A 107s *102% 103'A *102'A 103% *102% Canada Southern Ry Co J100 *39% 4T Canadian Breweries Ltd Canadian Phciflc Ry ; Nopar —25 *19'A 19 7B 197a 147b 14% 14% conv preferred 1.667a % 4'A NOpar $4.25 1% 1 *39 41 193A 14 7A 40% *19% 14% 11 103% 107b 103'A 47a 1 Va 4'A 20% 21 10% 11 103% 103 • 17a 4% 21 10% 4'A *20% 10% 102 *41 42 20 *40% 42 20 *19 3A 20 19% 197a *19 7« 15'A 14 7A 15'A 147a 15'A \ 10% 102 40% 15 4% 21 42 103% *40% 20. 35 % *54 17s 15% 5,500 4,100 3,300 28,000 ISP 60 200 39,000 Volume 171 Number 4875 THE COMMERCIAL Range for Previous 3b 47% 11 ; Feb 48% Apr 3% 18 Feb 1 Dec 30 Nov 9% Oct Mills Sl- Jun 7 lOS Feb 17 33 Dec 14 35% Jan -29 Carpenter Steel Co 12% Jun 14 18% Dec Carrier 9 Jan 30% Mar ■6 May 52% 7, 28 14 4 37% Sep 8% Nov Clinch & Ohio Ry Power & Light 21 Carriers & General 30 Jun 10 19 Case 131 Jan 11 Nov 28 7 37 % Dec 14 7% preferred.. Caterpillar Tractor 100% Aug 29 22 Jun 147% July 104% Dec 28 34% Dec 3 Feb 39% 97 Feb 105 123 Feb Jun 140 23% Apr 97 July May 45% Nov „ 146 22 Apr 23 105% Dec 15 132 % Dec 34% Jun 13% Jun 17 26% Jan / 17% Dec 20% Jan 15% Jun 17 18% Jan 11 16 Dec Preferred 13 Feb 18% X114 Feb 14% Jun 29 6% Feb 11% Sep Dec 12% Jun 3 17 7% May 31 574 22% Dec 6% Dec 38% July 8% Mar Jun 12% Jun Nov ' 108 Jun ' — 8 17 Central 7 Dec 774 Dec 1874 Dec 1214 1 14% Dec 28 8 15 Nov 9% Feb Jun 6% July 2874 ' May 11 Apr 14% July 13 preferred RR Class *103 3274 33 *32 32% 32'% 32'% *32'% 33 32% 19 Va 32%. 18% *3214 19 37'% *37 39% 33% 13% Oct 29 Central Violet* 8% Dec 31 South Cerr'o de 33% 105 33 Va 33'% a 33% 106'% 106'% 106'% *106'% *132 133 133 133 20% 201% 20% 20% *17% 17'% 17% *10 16 % *16 1674 16 16'% 16 9% 10 10'% 10'% Sugar 9% 4Va 4V8 1674 16% 9% 9% .100 " 9% 35% * 4'% *474 474 16% 16 Va 16'4 974 974 974 35% 35% 112'% 111% *10'% 10% *10 10% 10 12% 10 1074 12'% 1074 12% 1,9 V) 12% 12% 127% *12% 13 com_5 12% 14'% 14% 14'/a 12'% 1274 1274 1,000 14% 14% 14% 1474 15 9.50 Corp 14% 15% 15% 1474 1474 15 15'% 15'% 15'% 15'% 15'% 15% 15 74 15% 15 15'A 8'% *8'% 8% Co Nopar *8'% —__5 AO 74 874, *8 20% 20 20 98% Dec 9 9% Dec 9 Checker Can 1.25 17% July ifl 28 % Jan 8% 7 8% 3'% 27 34% Jan Chesapeake Corp of Virginia 5 Chesapeake & Ohio Ry common—25 3'%% convertible preferred.—100 *24% 7 25% *24% 9 Jan 12 Jan 7% 4 Jan 74 Mar 14 Certain-teed 31% Nov 23 Cham 31 % Dec 31' Chainpion Paper & Fib com—No par Nov 28 85 8 Jun 13 12 Mav 1« 9 Feb 11 14 Dec 7% Feb 24 13% Dec 12% Jun 14 20 Va Nov 5% Jun 28 10 3 13 13 'A Apr July Jun 17 3 21 13 5% Class Chic 34% Dec Dec 26 Dec 40 May 21% Jun 29% Mar 30 49% Mar 57 Jun 49% Jun 55% Dec 5 3d 49% July 24 15 Dec Jan Feb 42% Sep 25% Jun 41% Dec 4574 Jan 72% Oct 56% Jun 82 10 July 15'A 10 Oct May 11 Dec $3 convertible Chic Rock 8 13% Nov Conv 9 Is V 14% Feb 2% Nov 44% Oct 31 preferred 50% Lowest $ per share Nov , 1 '60 Jan 7 Jun 30'% Dec 20 36 Jan 8 65% Jun 44% Jun 14 6874 Dec 30 26'4Apr 25 97% Jan 4 3274 Sep 105% Sep 16: Cincinnati 10174 May Nov Jan 27 May 48% July 774 Dec 10 Dec Dec 15% Jan x20 Apr Feb 11 29% Dec 5 9 74 Dec 79% Jun 17 8 Clark Jan 2274 Nov 34% Apr Oct 108'% Jun Nov 3574 * Dec • Dec 183 Dec • July .31 July 92'% May Dec 6014 1332 Jan 63% Jun 1332 Dec July 45% Jan Sep 96 Apr 15 Nov 25% May 12% Feb x87JA 16 Oct 20 74 Jun 105 15 29 16 Mar 112VaJun 28% Dec Jan 11 108 61% Dec 29 73 36'% Dec 22 10% Aug 23 43 9 16 28 22% Oct Cleve 19 13 24% Jun 22 3574 Dec 9 105'A Dec 5% Jan 30% Feb Climax 12 2 21% Jun 133 15 July 19 141% Sep 82'% Jan xl24% Jun 13 172 7 64 54 1075 Nov Jan 29% Feb 89 5 25' Jan 8 xl3% Feb 17 12'/a Jun 13 Clinton 1075 Dec 17% Jan 19 9 Jan 4% cum 2nd Coca-Cola Co ClftSS A Coca-Cola 5 $3.50 7 Colo Fuel & 914 7'/a Jun 10 17% Dec 27 874 Jun 15 17% Dec 23- 4% non-cum 7% Jun 7 16% Dec 23 4% non-cum 2nd Jun 6 6 29 78 Dec 16% Jun 22 28% Dec Nov Feb ' 14% Jun 9% Jun 7 Sep < 1374 May 78% Jun 7% Feb 10 Dec 3774 ' Apr 19% Jan 1774 Jun 7% * 4874 Mar 2' 13 Dec 13% Oct 24 5% preferred conv Colorado & Southern 31 Feb 36% ■' Jan Jan 90 ' : 2814 53% Jun Columbia 28' 13 3274 Oct 14 $4.25 31 2274 Sep Gas Columbia 68'4 Sep 29 11 July 46% Feb 25 July 104 95 Jan 12 xl6 Nov 29% May 13% Jun 22 25 Nov 29% Ma^ 2 5 74 Jan 874 Dec 27*4 Dec x24% Dec 4 Sep 21 7 Mar 103% Feb 11% May 36% July 32 : May 674 May 2 5 74 : July Dec X18T4 1174 Mar 10814 Jun 874 . Dec 12'A Jun 3-774 Dec 51 Jafi 19 Dec 2914 Sep 15% May 15% July _ 16% Dec 874 • Dec ,774 2974 1 Nov Dec 1674 Mar ' 9874 July 160 Sep 33% Dec 90 8414 Mar Nov Oct 8% Nov 4874 Mar For Jan i Carbon Columbus So & ■ 25 xl06 Apr 6 11 Jun 14 8 Feb 23 38'A Jun 13' 1174 Feb 23 109 Oct 32% 33% 32-% 32% 32% 3274 12% 12% 13'% 12'% 1374 12% 1274 28% 29% 29 23% 28 74 29 74 27 % 27% 27% 27% 2774 2 7'/a *27 27'% 53 % 54'% 54'% <54 55 42% 43 % 4374 43 44 r *% 84% 85 13% 12'% 12% . *12'% Inc 1474 Jan 8 11% Sep 29 46'A Mar 5 21'/8Jan 7 7 74 Jun 16 10% Dec 23 12'A Apr 13 8 Jun. 6 29% July 26 27 Apr 20 Jan 5 3074 Jun 6 85 95 Jun 15' 674 Jun 2 56% Feb 24 20. 36 May 11374 Dec ' 11074 Dec 4174 Dec 103 8 13'% *12% 29 12 Nov 17-74 Dec 16 x98 Dec 14 37% Dec' 14 10274 Deo 9 74 Dec 78% Dec 7. 4% ' $5.50 $3.75 15% 15% 3% 3% 3% 48'% 47 r 10.000 PRICES Thursday Friday Jan. 11) Sales Jan. 20 $ per sharp, *• $ per share for the Week Shares 15% 15% 1574 1574 15% 1574 374 3% 3% 3% 374 3'% 374 49% 48'% 48% 48% 48'% 33- 32 32 6474 6574 46,200 .30'% 30% 14,000 104% 104'% 64% 34 6674 3074 30% 3074 > 10574 > 105 *32 49 *48 32 32 66 64 65 3074 3074 30%-30% V 104'% 105 33 6474 104% 105 105 , < 1,100 -- 9,900 570 100 190- 2774 27 2774 27 27 *26'% 26% *26% 2674 800 587% 58% 60 60% 59% 60 59'A 591% 5974 60% 8'A 9,100 13374 8 74 8 8 *8 *8 8% *8 *83'A 8 74 *8 85 84 83 74 8 3 74 * 84 32 3 1 74 32 32 33 74 33 33'A 33'A 33'A 18 18% 18 18 1874 1874 1614 2674 170 2674 *8374 2674 *120 2674 170 *120 75 *65'% 44 44'A 4474 109'A 109'A 10974 75 3874 13% 13% 32% 5 *44'% 109'/a 33% 102 4% 25% 142 4% 25% 25% 78'% 163 142 *78 4374 99 162 54% 5374 *1220 — 43% 109% 287% 110 *2 7 74 28% 1 08 1 0714 107 74 67 66% 3874 *25% *120 *6774 * 39 14% 33% *474 5 26'A 26'A *139 78'% 1.42 *77 *162 43% 99% 1774 17% 1774 54 *1220 43% 99% 79 163% 5374 •— 4374 18 — 43% * • 110 6874 10272 54'A 4374 39 14 163'% 110 *65% *67'% 33% 142 *277% 44'% 25'% *120 *106'% 10274 5 *109'A 70 28% 10774 33% 26'% 4414 26'% 170 *18 67 * 38 14 *65% 18% 3274 107'A 102% 99% *99 171% 78'% 163 54 *1220 „ *139 78'% 163 54% 1097-4 474 25% *139 *18 4574 13% 102% *4% 46 3874 33% 101% 70 *66 13% 33 26% 170 *65% 28'A 3874 103 *2574 *120 67 *107 74 66 32% * 2674 170 44% 28'A 3874 * 8374 85 *65% 1 08 66 *37% 54'A 81% 85 38 13% 33% 102 *474 26 *139 79 16274 53% *1220 14 33% 102% 26 74 13% 33% 103 474 25 % 142 *139 79 * 78 162'% 54 — 43 74 43 % 99% 9974 9974 19 .18 39 5 43% *99 28 1874 1974 1.61 5374 *1220 437*4 *99 19% 700 85'% 40 33'/a 1,700 18% 1,000 2574 1,000 170 '• .— 75 44% 4.600 110% 340 2874 400 108 20 68% 100 39'% 40 1414 11,900 34% 5,300 10374 1,740 5 25% 2,100 1,100 142 7 9 74 200 161 1,200 53% 5,170 — 43% 4,200 99% 140 19% 11,700 17 15,200 16% 16% 16% 1774 16% 17'A 17'/a 17% 1774 17% 17% 1774 1674 1714 17 17% 1774 177a 17% 1674 1 6% 16 74 17 17 17 17 *1674 17 17 1 774 780 ■ 17 17 1674 16% 17 com 17'% 17V4 17% *1774 17% 1774 17% 890 17 1614 16% 1674 1674 *1674 17 16% 1774 270 30% 3074 1774 • 29 74 29'4 30 30% 31% 30% 31% 3014 2974 2974 30 3074 31% 3174 31% 3074 3074 3074 1274 3074 7,800 1274 1274 1 2% 12% xl2% 12% 12% 13 12% 13 12% 1214 12% 1274 12% 13 4274 12% 12% 64 12% 1274 12% 37,800 1,800 64 .*63% *63% *63% 64 *63% 3 2 74 32'A 33 3274 3214 3274 32% 32% 32% 32% 20% 32% 2014 20% 2074 20% 2014 20% 20% 20% 20% 2174 6,000 2674 2674 25% 26 25% 26'A 25% 26% 26 26 26 2674 6,000 58% 106 preferred- 58% 58% 5974 59% 5974 1 06% 106% 10574 10614 10574 105'A 2014 20% 20% 20% 2074 20% 2014 29% 29% 30 30% 3074 30 % 3074 30% *10% 10% 2774 2774 Insurance— Fibre 3.100 20% 20 3074 29% 30 10'4 10% 74 10% 10% 27% 27 74 2 7 74 2 7 74 3274 3274 33% 1074 10% 10% 10% 27 74 34 27% 28 28 3574 3% 374 3% 3% 3% 3% 3% 374 2874 28% 2874 28% 2874 2874 28% 28% 107% 107% 10774 10774 107% 13% 13% 1374 1374 —5 ,.15 ' *1174 1274 *1174 1274 44 44 43% 44 100 1774 1 7% 1674 *1174 1 1174 1174 10c 10% 11 10% 107% 107% 1374 13'/2 *11% 4374 1274 43% 4374 4374 17 74 17% 17% 1774 1174 -1174 1174 1174 1174 ' 11 58% 105 *3474 27 % 34% 5914 59 10% 27% 1314 *12 • 1174 1 074 13'A , 3474 3474 3%. 374 2874 29 10774 10774 1374 *34% 3% 2874 1 08 5914 4,900 106 35 374 29 108 680 12,100 . 13,600 2.100 1,000 600 2,800 39,500 2,406 13% 1374 1314 12% 12 12 43% 43% 4374 44'/o 8,2l)0 1 7%. 1774 1874 1774 18 3,200 11% 1174 11% 11% 1174 1,300 12% 1174 *12 1074 1074 1014 2.30C 306 —1 10% 1074 1 074 -1074 1074 1 074 6,200 11 Nq par 1074 11 33 7 4 10% 33 74 1074 1074 1 074 337 4 3 3 74 3 3 74 1 6,500 34 3374 3474 34 3474 3414 11174 34% 14,800 112 11074 41'A 110% 11074 30 4114 2,100 103 10374 4 1 74 10314 9,600 110% 11074 *109% 11074 39% 3974 20 .*98 35% 103 1774 100 35 74 Nopar Diamond Continental 64 106 74 20 10774 *63% 5774 *3374 * 64 105'A 2974 . *63% 59 20% io%" 64 106 19% 1.33% Nopar Continental 13.200 20% 177a 13 31 3 2 74 - *101% 31- 2,900 *17% *16% 12'A .100 common 6% 2974 Baking. Co com—No par preferred—. 1 29 .« • Nopar Inc 200 19,100 17% .-10 Retail Stores Inc_ Can 1,200 74 15'% 64%' 105 5,600 48'% 34 / 6374 "'307a 6,700 374 , 48 34 *15 1274 2974 2774 17% .--Nopar preferred Continental SALE *12% 12% 29 1674 Nopar Nopar Corp of America com—20 Continental HIGH 13% 13,100 17 $4-50 preferred $4.52 preferred Container 30 $ per share 15 99 —N<j par i, Grocers Corp Consumers Power Co 6'. *12% S per shore 43'% 1 r Consolidated Textile Co Inc Consolidated Vultee Aircraft 4 13'% r $ ver share *1220 .2.50 Consolidated Laundries Corp Consolidated Natural Gas— Consol RR of Cuba 6% pfd Consolidated 4274 Jan. 18 163 .-No par 25 preferred Consolidated " 4474 1.', Wednesuay *77 100 Congoleum-Nairn Inc $5 4274 *53 3274 27% ! 2.5 0 — Cigar 54% 1.000 15,200 59 ; > Nopar Solvents.: Consolidated *53 Jan. 17 Engineering preferred 33 74 Tuesday *138 Inc—Nopar 4 12% Mar 40 29% Dec 14 3 page 33'% 2,200 474 16% \ Consolidated Coppermine* Corp: 3 17 Consol Edison of N Wcom Nopar Jun 10 13 74 Jan see 774 Jan. 16 25% , 21 17 footnotes 3.60% 31 13 Oct 774 102'% Elec Co.—r5 Commonwealth Edison Co Conde Nast Publishing 21% Feb ' ; Nopar Nopar Co Ohio- Commercial 4% Jan 1 100 Commercial Credit commons 30 34% Dec Jun 64 74 28 W W 30% Dec 11 2774 Jun May July 13 74 May 47a 7% Monday 13% Inc—Nopar 20% Dec 31 30 93 99 107% Dec ' common—No par preferred cum Superheater 12 14' May 1774 July 9214 Sep 9 9 74 60% Dec 2 5 74 Feb 274 Jun 10 5 74 Dec" 7 14 24% Jun 10 3 74 Apr 4274 3' 27% Dec System Pictures Columbian 9 10% Aug 22 3074 Nov 2 10674 > 10%*Mar 92 Jun 7% Jun 106% May Oct 29% 35% 13% * 27 % preferred—100 14 26% Jun 2174 Feb com 31 25 Combustion 18% Ry Columbia Broad Sys Inc cl A Class B__ 18% Jun „ 4% 8 100 1st preferred 15 1074 28% 4V4 7% 20 Oct Jun 18% July 17% July Dec 4'% 87% 42% *10774 Corp com„No par 22% 20. 49 4.'% 7% . 81 67 Nopar Nopar 18% 3274 May 31% May 4'% 874 474 80 29 Corp—..Nopar ' Dec 9 41'% 1 08 Nopar l 14,800 55 *65'A 100 -i •- Dec ,20'A - preferred 900 3,700 8 *2774 . 100 ;—, 13 9 % 42% 3074 1274 • 6.000 '*107 74 tThe) common_No par Iron 1274 9 79 *10974 Nopar Collins & Alkman Corp 24 12% 1074 17.200 27% 44 par ,-100 Com preferred 12% 700 1074 * 874 29'% *62'% Colgat.e-PalmoliVe-Peet com__No par 29- .1074 1374 27 *120 Nopar 1 Internat 1074 2374 *54 *26 50 ^ Dec Nov . —1 — 10 7? 4 74 13 57 8 74 ———_ preferred 84 474 21'% 27 32 50 pfd Peabody & Co 30% 64 874 1 gtd stock conv 7% 5 4374 Dec 100 cum 3074 474 13'/a 100 7% Corp— Cluett Sep 15 July 25 Jan Co 3074 8414 4% 21'4 28% *8374 com 2 RR Foods Inc 4% % 28 17 Pitts 30 *83 5 27'% 100 Molybdenums Clopay 9 70'A Nov & 30% 85% 5 874 28% 106 25,700 30 5 1274 x21% 11% 28'% 105 200 '9 32'% 6474 2,500 127a 12% 35 9'% 2574 21 32% 63 74 140 9 *25 26 12% 8 3% 0% *25'4 100 20 Va 4'% 100 com 874 *99 59 Nopar Special gtd 4% 13 3% July 11 Co preferred preferred Cleve ■ 26 15'A Jan Louis Ry Illuminating corn—No 5,300 34 100 12% 7% 3074 5 Graph Bronze Co 5% 17 Jan & St non-cum 500 3474 347a a *93 26% 4'% 20 $4.50 preferred Aug 10 Feb C C Cleve Elec 26,800 12% 7% *33'4 Nopar Equipment Co 5% 22 preferred 1674 29'% 337 2074 20% 4% 14% . 4,600 1674 29% 12'% . S per share . 2074 16% 29% *83 83 % 4,600 8% 20% 8% *47 2074 52,500 12'% 8%" . *7% 90 20'% 8'% 5 Feb 9Va 11 — — 85 43'/a Dec 101% Dec 147 Dec 108 Nov 5%% C — __ Jan 3674 May Feb 134% Jan — 10% 12% 21'% 100 307a Jan 105'% 75% 86 14 36% Mar *1 — 12% *12% ..Nopar common 2t)% Jun 67- • 12 % 41% Cincinnati Milling Machine Co—10 IT Financial Corp., City Investing Co City Products Corp City. Stores CO Dec Dec 12% 79 ' '100 C 1 Jun 12% 12% *53% 8.50 com, * 1974 Oct 47'% May 18% Mar 12% 27 " 25 preferred Sep 21 3474 Dec 15 July '• .12% 12% _25 Elec 3 43 2774 & 6 88 137 4% Gas Jan 176 Dec 107'a 32% 1 Chile Jun Feb 39 10% 7% ,_100 16 78% May 10% 4'% Par - 25 , Jan Nov 10% 8% _10 common Jun Jun 10'% 30 *83 LOW AND preferred May 111% 10% 20% 83% Jan. 14 „ 1 July 4% < 12 874 Dec Co 5'%% 27 3 34'% 23% Childs 21 38'A Aug *4% 29% 29'% *83 874 20 112 1674 9 25% Saturday Chickasha Cotton Oil. 7 25 80 — 7 6% Feb 176 69% 19 5'/eJan 33 , , 2774 Mar 105- 1674 Jan 42% Jan Jan 84% 6 20 8% 25% 4% , Copper Co— Chrysler Corp Jun Jun 8% 25 4% 21 Nopar .« Jun 2% Jun 8% 25 4% 12 .—100 STOCK $ per share 35 19% 75% $ per share 99 3574 *11174 *29'% 3474 93% 12%, RR Co—No par YORK xl3 3074 8% 25 34% 83% EXCHANGE »• 29% Feb 24% NEW Highest 42 Nov 90 Range for Year 1049 Highest 34% 687% 96'% ' 10% Nopar Chicago Yellow Cab— 34 99 30 36 111% *8 16% 30 Y2 4% 100 A 34 98% 3574 111'4 20 16 74 29 ■ 83% Nopar Nopar vtc 32 20 16% % 30 A__25 vtc series 19% May Feb 23'/a Pac 4% Apr 6374 May , P 32'% 20 16 2b STOCKS Year 1948 Lowest & preference & Range fer Previous $ per share Paul preferred 16 29% 36 111% 8% 23'% Chicago & Northwest com—No par 5% preferred —100 Chicago Pneumat Tool com—No par 36'A Jan 25'% A 15'% 29'% 98°% *93 —50 Louis Ry Co class Milw St Series Dec 9% Jun & B 19'% 15% 30% 32% ' Nopar , , Mfg preferred Chic 7nd 13% 15%- ' *29% (The) 1 Chicago Great West Ry Oo com—50 Jau 33% 1 Nopar — Chicago Corp 8% Jan Jun Products Chic & East 111 RR Co com—No par Class A— 40 5% Jan 4% Jun 41% July 23% July Feb 5% Jan 3% Jun 1574 July 9% jun • 774 Mar 30 77 16% Dec 8 13 12% July 227a July Nov 6 Jan July 3,300. 35% *111'% 14 9 3674 2,100 10'% 14 17% July 1474 May 800 2,800 35% 5% Aug 31 90 414 16% 9% 74 974 112'% 112 91 1 9,100 9% *10 Jan Dec 2.000 10 474 16 100 16 10% . Jun Feb *1774 15% 974 1774 1074 4'% 15'A Feb 1774 1674 9% 100% 4 200 460 4,600 974 16% ' 7% 15,600 13374 *1774 4'% Feb 76% % 107% 133% .*1574 9% 9 ye Jun 30 34 3374 *107 1074 16% 18% Jun Nov 6.000 1,000 1674 4'% 22% July Jan 140 34% 105 177% 9% Jun May 48,000 20 % 16% Jan 30 1.400 45% 143'% 207a 4% May 45'A 600 20'% 9% 33 Dec 14,100 2074 ,1674 35% 600 1874 34 *104 33% 4Va 112 44 74 10674 3,000 4,400 33 3774 874 143 134 9% 20 25'A Mar % 16Va » 36 .*111'% , 9V2 26% 31% 33 28.500 3374 *8 74 142 34'4 106% 974 104 1874 106 *132 20% 17% —100 West preforrod 106% 133'% 20Va ! $4.50 34 34 133 974 45'% *104 *17'A ' Jun 34% 17 Va Feb Dec 337 8 43 140'/a 10474 *105% Feb • X33% xl04 106% 1774 7% 34 3 4 105 132 24% 90 43% 140% <131 class A_„50 J Co 41% 140% 34 105% 8 8'% 42 20'% Pasno-Copper Corp Belt 18% *36 74 20% vtc Century Ribbon Mills II 33% 32% 187% 36% *8 141 *140 *104% 33 18% 36% 8'% *105% ,_^_50 & 105 32% 19'% 41'% 141 10 38 8'% 40'% *140 33 % 105 8 39% 141 18% *37 38% 8 40% *14d 1 N *36% 9% ' '*17'/a B Central Jan 103% 32 74 Nopar „r Co of 30 2IV4 974 103'% 32% Illinois- Light, common. •__* 474% 10 13 974 103% 8 Corp—No par 500 58 32% 38 5 600 1674 74 *102'% 10 Shares 4974 *56 32'% ,20 B *15 103% 9»% 9Va 103 Nopar G & E 49% 16 58 32'% 37 Co 50 1574 *56 for the Week t per share *102'% '8 Nopar Ry Co vto 4874 16 58 Sales Jan.20 share 32 Va 9% 19% 100 preferred series Central 11% Oct 14 % Oct 21 Ga Central Hudson 112% Dec Dec 10% Jun 10% 5% of 49 16 *56 ver 32 32 Aguirre Sugar Co Central *477/a 16'% 58 Friday Jan. 19 S 103 10 1 48 16% *56 Thursday thnre 9% 18 74 100 preferred.,., 48 48 nr* 32 Va ' 100 _T * 103% 25 1—, Jan.18 9% 32 common preferred— Central Foundrv 28 Oct 12 — 58 1 Corp common preferred1 Central 8 9% Dec 16% *56 50 common 4.20% 1st 2nd 5% 7 36% Dec 104% Jan 8 — $4.75 7'h 21 Jan 24% Jan 6% Mar 33 % Nov 100% Jan 6 *15% 11 PRICES Wednesday *102% ...10 Celotex 11% Mar 14 14 Co *4774 17 58 Celahese Corp of Amer com—.No par 13 Jun 22% (J I) SALE $ per share $ per share 48 32 Corp HIGH Jan. 17 *56 5 26% Jun 130 48 (367) Tuesday 16 *15% ' 100 No par Corp common Conv preferred 4% series 29 24 Feb Carolina Carolina Jan. $ per share No pm AND Monday Jan. 14 Capital Admin class A common—1 $3 preferred A__ 10 Capital Airlines Inc 1 25% Jun 43% - 100 23 Cannon 26% Jan ' ' Feb 3' 19% May 1 Dec 5 21 Jan 41% 67A Mar 35% Dec 16% Dec 4 5% Feb Saturday Par July 32 - Dec 51 5 56% Nov 8% Mar Dec CHRONICLE LOW STOCK $ per share r2% Mar 23 Mar YORK EXCHANGE 50 110% Nov 26.74 12% 40% Jan NEW Highest , $ per share Dec May Aug 56 Sep 10074 ' for Year 1019 Lowest * per share Mar 30 Range Highest $ per share FINANCIAL STOCKS Year 1948 Lowest & *102 103 5 9 9 —10 76% 7774 11074" 110% ~ 110% 3974 3974 *110 *10174 103 110% *110 39% *101% 111 111 11174 HI 110% 11074 110% *110 39% 40 103' *101% 41 4074 103 *101% Hi 1774 18 1 874 18% 1874 18% 1874 19 1874 98 1914 98 98 9 8 74 9814 9 8 74 98 35 % 98 % 99 99 35 74 1 0274 37 % 102 7a *102 874 874 *8% 7674 76% 767b 1 03 103 *8% 914 76% 76% 35 74 3574 1 03 9 36 1 03 9 76% 7774 *102 • 9 7674 37 102 74 9 7774 3 6 74 3714 3774 1 02 74 9 7674 650 20 350 7.700 3 00 800 21200 ,■» 12 THE 'i COMMERCIAL (368) Highest $ per 8 per share share 10% Feb e Par 65% Oct Continental Steel 19% Jun 28 24% Dec 29 Cooper-Bessemer Corp JOB 47% Feb 11 Mar 14 10% Apr 11% Jun July BB *49% Mar 20 Feb 21% Oct 12 Juu 42% Mar 50% Not 49 Dec 20 15% Job T 18 »y4 com 24% Feb 15 B2 preferred No par Co No par Copperweld Steel Co common § Convertible pref 5* aerie* k 17 BO Feb 58% Dec 21 Corn Exchange Not 57% July 23% Oct 49% Mar 18 20 Apr 28 30% Dec 6 88 Not 97% July 94 Jan 10 102% Dec 16 Sep 28 73% Dec 28 July 86 Oct 98 56% Deo 66% Mar Mar 177 92% Jan Jan 0 171% Jan 102 3 8 57 Oct 8% Deo 1% Deo 3% Feb 1% Jun 39% ju» 21% Jun 98% Jun 96 13 27 Sep 8% 17% Dee 24% Mar *21 26% May Not Jun 13% Oct 46% Mar 36% Jan Deo 34% Jun 20 Jun 91% Feb 103% July 94 Max IT 95 Dec 129 Jun 90 14 May 24 Nov 16 78% Deo 49 21 July jub 177 Apr Dec 67% 88 11% 17% May Dec 15% July Dec 24% Jaa Feb Feb 150 Dec 61 47% 5% Jun May 27 Jun 12 60 10% Nov 30 16 Feb 28 5% Apr 21 Cuba May 6 8% Mar 29 160 Jan 27 13% Feb 1 73 25% Dec 31 8% Oct 27 145% Oct 28 43% Jun 28 Dec 3 18% Jun 14 52% Nov 9 9"% Apr 4 7 Jan 21 26% Jan 19% Sep 7 Jun IS 54% 54% 54% 12% 16% 12% 12% 12% 13 3,100 16% 16% 16% 16% 5,800 16% 16% 16% 16% 50 49% 49 13% 12 12% 12 Ye 12% 60 60 60 60 *49v4 50 12% 50 13 13% 13 60 59% 60 *49% *100% 101 *100% 101 *100% 101 *1001% 101% 102 *10iy4 102 *101% 102 *101% 102 101% 101% *1011% 102 68% 69 68% 69% 69% 69% 184% 1851/4 68% 2% *28% 4% OO 29% 16% 28% 29 28% *101% 104 102% 12% 6,700 29% 29% 29 29 16% 13% 16% 39% 40 40 29% 16% 16% 16 % 39% 39% 39 29 29% 30% 30% 102% 100% *100% 103 *100% 181/8 18% 18% 19 18% 19% *100% 18% 56 57% 57% 58% 57 *23 *56% 57% *56 57 *23 24 *23 24 18 18 180 *160 17% • *160 *12% *67 12% *12% 12% 7% 7 j/8 *4.9% 50% *49% 8% 8% *21 23% No par *134% 138 23% 23% 23% 57 1,400 24 23% 23% 19 18% 19 *160 180 *160 180 30 5,800 18,900 8% 8% 3% 8% 68% 68% 68% 13 12% 13% ..*66% 13% 13% 13 13 24% 24% 24% 24% 24% 600 13,000 24% *24 7% 7% 7% 7% 7% 124% 124% 124% 124% 124% 50% 8% 8 % 8% 51 21% *134% 23% 21% 13o 24 138 v 23% 23% 23,100 800 21% 211/4 2iy4 *134% 1,900 8% 8% 8% 120 53% 51 51 8% 21 % 21 138 23% 300 2,300 7% 50% 23% • 124% 7% 125 50% *134% 57% 57 8% 21 138 20 5,000 68% 8% 21% 21 21% *134% 130 19% . 8% 50% 8% - - 9,700 102% 103 *66% 8% 7% 124 50% 8% • 24% 7% 122% 31 102 % 18% 19 18% 180 1,000 68 12% 24 23% 122% 7% 125 *66 19% *160 180 8% 72 24 24 *122% *160 8% 68 18% 18% 6,700 40 *100% 103 *23 24 *23 24 18% 180 8% 8% 8 07% 18% 16% 30% 30% 102% 100% 500 10% 40 103 18% 29% *29 102% 30 102% 102% • i 28% *102% 30% 102% 18% 1 Inc 12% *100% 1 10# .100 700 13 28% ' 1© 10f pfd 29 Ve 103% 12% 29% 102% 9,600 28% 103% 13 % / 2,200 12% 13 16% 1,800 2% 105 12% 39% 4% *21/4 *10314 105 29% *28% *4% 2% 2% 2% 50 4% 4% 28% 105 *104% 13% 12% 13% 185 To 6,100 105 28% 28% 28 108 2% 2% *2% 28% *104% 4% 4% 4% 185 185 185 185 4% 2% 2% 2% 28% 108 *183% 4% 4% 69% 68% 184 184 185% *184 68% 67% 68% *39% A 7,500 101 I Cushman's Sons Inc 7% 29% 29% 13% 1 330 *100% 28% -No par 6,800 60% 29 30% 30 30% 30% 30% 12% 30 100 preferred. Curtiss-Wrlght common 20% 40 12% *59% *101 % 10o Prior 60% *59% 30% 10 50 *491/4 50 *49% % 101 No par Cutler-Hammer 7 *54% 16 Cunningham Drug Store* Inc 1JB0 Curtis Publishing com Mo par Class 54% 16% Inc Press *54% 39% 7% preferred Cudahy Packing Co common 4%% preferred Cuneo *54% 54% 16 pfd non-cum $7 preferred 24% Jan 137 Mar 14 6% 24% 39% preferred ccnv RR 24% 16% *104% Cuban-American Sugar common—if 16% Dec 27 24% 12% 4% Crucible Steel of Amer com_No par 72% Jan 24 31 14 7 *31% May 21% Mar 7 15 24% No par I com 4,800 11,900 14% 24% No par We par Corp preferred $4 2nd preferred 30 Jan 24 24 133 137 99% Dec Zellerbach $4.20 24% 14% 24 12% 2.86 preferred $2 20 24% 14% 2974 1 (The) Cork & Seal com Crown 3 Dec sJun Sep July 28% Feb Jan IS Dec 105 4% Feb 109 12% July Feb 4% 18% 133 Aug • May 160 July 13 % 7 122% 7 12% Feb 24 13% May Dec 7% Crown 30 16 Nov Jan 17% auf 12% Feb 155 Jun 34 65% Deo 28 jub 28% Cream of Wheat Corp 7 2,600 24 15 24% 12 1 : 15% 12% 1 America of 57 15% 24 % 6% 54% 2* 6 42% Apr S 14 Deo 23% Deo Creameries 56% 15 12% 100 common preferred 19% Jan 36% 20% 14 Co 3%% 29% Dec T 1 Feb 23 19 14% Nov Crane 7 Dec 57 14% *54% 1 Inc 6% 56% 14% *100% 100 preferred Coty International Corp 32% Jan 104 2 8% Jan Jan 13 Deo 3% Mar 28 Jaa Coty 2% Oct 31 IS Feb 29 02 74 6% 7% Sep 6 5%.Dec 31 189 164% 22,000 6-% 6% 5714 12% *59% Bank & Tr Co—1© 6% 6% 14% 54% *49% . Shares 56% 7 57 16VB Corning Glass Work* common • 3%7<? preferred 100 Cum pfd 3%% ser of 1947—100 Corn Products Refining com 21 3 t ner share the Week Jan.2b t per share 57% 6% 6% 57% for Sales Friday 19 Jan. 12% 13 Not 6% 56% 7 57% Thursday t per share *5474 Cornell Dubilier Electric Corp——i 6 11% Dec IS Jun *14% 14 8 Corp Copper Range 17 12% Feb 19% Jan IS Jun 9 6% 57% I r>pr share I per share • per share $3 prior 65% May 13 51% July 19 Jan.17 | Continental Oil of Del a war* 14 80% Tuesday Jan. 16 __1 Continental Motor*. 7 27 15% Jan 3 Feb 48% Monday Jan. 1.4 2 per share 8% Jan 14 5% Jun Jtw SALE prices Wednesday Jan. 18 HIGH AND Saturday STOCK EXCHANGE Highest Lowest YORK NEW Range for Year 1949 Year 15)4 X t per share LOW STOCKS Range for Previous Lowest STOCK, RECORD YORK NEW Monday, January 23, 1950 FINANCIAL- CHRONICLE & 10 138 138 24% 24% 1,500 4,600 D S 86 Oct 94% JUB 87 ljy4 Deo 20% Jan 11% July Jan 15 4 14% 18% Feb 24% 17% Deo Feb 28% July 31% Aug Jan 31 92% Jan 11 30 1007-4 Dec 28 Sep Not 15% 7% Jun Jan Sep 13% Jun 29 % Feb 34% May 38% Jan 50% Mar 29 15 Feb Jun 21 Jun 13 3674 Sep 40% Jan IS 3% Jan Jun 20 2274 Dec 7% 7 19 26: 19 & Co 14% Feb 89% July 58 July Jun IS 3074 Dec 29 14 53% Dec 29 12 14% Dec 16 19 Lack 12% Dec Dec 16% Jan 11% Jun 20 19 y4 Deo 28% Jun 16% Jun ctfs Deo 56 Apr Deo 23 Jan 106% OCt 101 July 6% 19 11% Mar 12% Deo 18 May 8% Jun 1 1 Sep 18 g IS 43% Jun 14 124% Jun 90% Jun 119 lis Jun 15% Jan 112 Feb 29 97% Jan t per 17 g 9 % Jun- If 26% May 16% Jun 14 20% May 13 19% 12% Deo 22% Jan 46% May Jun Jun 14 7% July 11 7% Jun 14 Not 88% Feb 38% Jun IS 164 2,100 2974 5374 5374 54 547 b 5374 54 54 12% 1274 13 1374 12% 13% 1274 127b 21% 22 74 22 2274 22 2274 22 2274 53% 12% '?) 53% 8 —__ - _ 293/b 100 pfd 13 Va 22 53% *53 Jan 5 22 58 ; *55 774 1 ' 774: 7 74 14% Oct 11 63% Nov 18 124% Oct 1 12% Jan 10 26 13 88 Jan 12 96 Dec 21 10% Feb 4 Dee 92% Jun 16% Jan Jan 94% Oct 19 6 Jun 1 Jun 7 14% Dec 30 101 May 2 8% Dec 14 2174 2174 2174 3774 3774 3774 377 b 377a 10 Car Co 42% 42% 4274 4274 42% 42% 4274 4274 42 42 ...J . 1274 1274 1274 1274 12% 1374 12% 12% 1274 974 874 9 974 18 Mi* 1 Cnrp 18% 18 Tuesday Jan. 18 • per share 14% *30% I per share 1474 14% 14% 15 1474 3774 3774 38 38 *3774 330 1274 3,000 34 34% 34 74 34% 34% 34% *34 % 35 i,ioo 1674 1674 1674 16 1674 15% 1574 1674 1674 7474 7374 7474 7274 7474 7374 74 73% 74% 11.900 5574 56% 57 5874 26,200 34% 33% 34 Jiapar 16 16 1674 -X* par 71% 71% 7174 - If 54% 55% 5674 13/64 13/64 13/64 13/64 13/64 32 32 15/64 15/64 15/64 74 Na par *109% 111% 10974 112 109% 10974 *10974 11074 *109 74 110% *109% Ma par 2nd preferred *120% 121% 12074 121 121 % 123 Industries 3%% Duplan common..... — JO* 18 *81% 83 1 •20% 21 14% Na par Corp Pont de Nem f seriea $4.50 Preferred 61 _Xa par *123 seriea $3.50 Duquesne Light 5% DWG Cigar Corp Eastern Mf par 101% 10g I *113% 1st pfd *11% 6% JLOf 8 preferred 4%% Elastic common. 83 *8174 21 *20 20% 14 74 1474 61% 12374 102 102 114 114 114 11% 1174 1174 14 2 75 Nov 5 51% Oct 21 29 May 10 common 14% Dec 31 18% Nov 23 18% Nov 23 Empire District Electric Co x29%Jun lg 35% Dec Jun 100% Jan 24 105 Dec 13 6% Not 4% Jun 6 7 Dec 23 Equitable Office 16% July 9% Jun 19 65% July 48%; Jun 1 68% 55 4 Deo 9% Dec Apr July 12 14% Jan 21 61% Jan 24 68 Jan 31 Erie RR 5% Erie 100 14% 14 3,800 1474 ny8 11% 4674 178 Bldg common. preferred series A. Pittsburgh RR Co_ & 1174 400 900 113% 113% 113% 240 1174 ny4 117 a 11% 400 1174 4674 178 1174 19% 1974 14% *14% 1174 4574 *176 30% 19 1874 1874 *95 13 74 *96 96% 137 b 98 9% *95 13% *96 9 43% 9674 13% 98 9% 44 44% 16% 16% 16% 16% *35% 36% 36 36 2 41% 174 41% 1% 42 *95 13% *96 9 43% 16% *35 9774 *95 9774 1374 1374 *1374 1374 98 96 96 *96 98 974 44 17 37% *95 1 2,200 4374 4474 4374 4474 4474 4474 3,500 1774 1774 17 3774 2 1% 4174 13 13 *1?% 1i% 27 267b 2774 74 *68% 72% *70 7474 *50 50% *50 51 *50 2774 4,300 36 Ve 100 174 1% 1% 41% 4074 40% 23,400 1,400 1274 1274 1,400 2674 2674 2,100 1274 1274 2674 2674 *35 *G9 74 74 *70 74 51 *50 5074 50 50 27% 27% 27% 1474 1474 15 6,500 21 80,500 2774 2774 70 10,100 15% 15 15 74 15 1574 1474 15 1474 21% 2074 21% 20% 21% 2074 21 20 17% 17% 17% 1774 17% 17% 17% 1774 1774 1774 1774 33% 32% 32% 32% 3274 3274 32% 3274 3274 32% 32% *10174 102% *10174 10274 40 7% 4,500 11% 15,400 *32% *101 6% 102% 6% 102% 102% *102 674 7 674 11% 117b 11% 11% 56 56 *5574 5674 BO *60 63 *60 63 103 774 11% 12 55% 5574 *58 63 10174 7 *55% 56% 63 *58 63 574 574 1074 10 61% Dec 17 Ex-Cell-O Corp 57 57% 5674 56% 57 57 57% 474 *3% 3% *3% 3% 374 11% 56% 10 Ye .90" 1174 974 5% 574 5% 974 *974 1074 10% 9% 5774 5874 20% 774 5574 *58 5% 574 10 7 7% 12 10 Co_ 102 2074 1174 1074 41 17% 36% 17% 5% 20. 1% 42% 27 *35 1% 42 10% page 1774 1774 *35 10 % see 40 974 9% footnote:; 4,100 974 27% 100 -Ho par Eureka Williams Corp Exchange Buffet Corp 13% 98 9% 174 27% 9774 *974 41% 27% 1374 *96 9% 50 27% *96 974 *70 27% 30 13% 9674 5% 6 13,000 20 3074 *18% 10% 6% Apr 4,300 . 5,700 1,900 3074 18% 10% 10 1174 4674 178% 3074 5% Jun 1174 4674 178 1874 10 3 46 29% loy* 7% Mar 11% 178 1874 Inc 49% May 457b *176 30 Eversharp 4 11% 1174 187b 7 Jan 12,000 1,600 29% 13 88 2,900 15 18% 11% Dec Products 18% 14% 1474 30 10% Jan Evans 1874 147b 15 18% 19 5% Dec 29 1974 1474 29% 6Ve Jun 3% Feb 20 1874 *14% 4674 178 *124 1474 14% 15 125 19 6% Jun 28 Jan *12374 1174 11% Jan 45,600 1137b 11% 4674 6274 114 *1174 *176 61% 113% 15 45% 6174 102 1474 *176 G174 6274 114 19% 11% 61% 20% May 9 1474 14% 15% if Endicott Johnson Corp common_.3| 4% preferred log Feb 20 1374 20% Emerson Electric Mfg Co Emerson Radio & Phonograph. 0 Sen 83 *19 74 27 % 17 80% *81% 20% 50 8% Jun 14 89 83 *1974 *71 conv preferred preference El Paso Natural Gas 14% Jan 104 *8174 20 12574 14% 46% 100 81% 20 10174 187b 17b _ 114 200 10174 14% 44 12 % Jun 13 . 30 ' xivw Dec 16% 9,300 178 (The). 16% Aug 34 Jan 20% July 1874 101% 14% 3% 5% % 5% 18 101% 14% 12% 10 18 Ve 10174 19% 26% Jun 18 123 18% 12% 42% Jan 3,600 1874 112 101% 14% 26% 23% Aug 126% 123 14% 19 -2JM common. *10174 62% 18% 13% 48 126 124 15 27% Auto-Lite 6274 124 147 b 26% Oot 14% 157.200 12474 *29% Co Nut GO 74 12374 *12% jun 1474 J2 124 8174 83 *20 Elliott Co 49 1874 6,300 12474 *176% . -100 preferred Stop *8174 101% 11% ina Products Co 01% 125 46 V« 18 preferred Manufacturing Co 4%% 123 1874 14% Edison Bros Stores Inc commaa__l Ekco 1874 18 5574 13% j Inc. Eastman Kodak Co common Eaton 14% 1774 55 15 -11 Co Airlines - 5474 (E I; & Co— Common Preferred 18% Iff preferred conv International 54 % 900 *12 74 34% 55 1;700 14 12% Elgin National Watch Co 74% a 1274 13% Mar 24 7 *13 7 1274 1274 28% Nov 2 18 14 74 1274 5274 12 *41 17% Jun xl4 *3774 Shares share 1274 5274 12 Electric Storage Battery.. 10% Jun Sales the Week S per 1274 52% 10 Jun 1474 38 for Friday Jan. 20 19 5274 12 Jan share Jan. # per share 37 12 common 12,600 52% 52% Co 18 74 37 We par Chemical 1,500 3,400 9 53 Convertible preferred Elec & Mus Ind Amer 17 1874 1,200 1274 38 Electric 27% 87b 53 Electric Boat 12% Deo 13% *1274 53 14 19% Not 9 53 22 48% Deo 1274 53 Pepper Co Corp. I per share 14% 37 36 y8 Oct Jan t per 42% Thursday Wednesday Jan. 17 1 Ltd. 18 1874 Jan. 1.6 No par I *42 PRICES SALE Monday 17% Dec 2% Jan HIGH Jan. 14 45% Dec 25 01 AND Saturday STOCK 32% Mar 18 7 1874 1874 18 LOW 9 97b 974 9 9 17% 33% Apr 29 12% Feb 29 13 *21 *5274 Dow 900 217 b OOt 1% Jun 14,900 500 3774 Jun 34% Jun 2,600 '2.100 - 58 *55 3774 16% 2% May Jan 58 2174- 37% Jun 66% *53 3774 56 82% Feb 1% Not , 774 3774 7 Dec • 21 y4 13% Jan Oct 58 .: 774 3774 Eastern Corp common -18 Eastern Stainless Steel Corp____. 19 *53 21 lagle-Plcber 32% Jan f '774 : 21 13 202 58. . 38 10% Mar SO 16% Mar 29 7 Mar 5,100 5474 ' 20% 16% Dec 48% Nov 30 *55 V,, ■/' 7 74'' No par Dunhill 18 10% Dee * 74 38 12J0 common——No par YORK • A Class Dresser 11 14% Apr 14 900 2174 Par 20% Oct 21% Jun 82 '■» 1274 2174 58 127b 22 *55 & 8 W RR Co_10C Dtrcc Corp Dixie Cup Co common 4 86% Jan 21 24 % May D«0 19% May For 2274 29 Douglas Aircraft 102% Aug 20 Oct Dec 22% 29 Corp-Seagrama Ltd Dr. 115% Jan 12 Dec 9% 22% 23 74 Stores 14% Mar 29 S 18% 84% Deo 2274 2974 share Jan 38%. Nov 22 53% Nov 4 Jun 20 IS 7% Mar 22% 29 Diana. Du Feb 22% 2974 $3.25 78 9% 22% 29% 123% Dec 15 16% Dec Feb 2274 2934 Apr 20 July Jan 2174 2874 $4 preferred series A May 4% 2174 22 29 13 98 97 *217 b .....100 com__ EXCHANGE 15 31% Jun 29% Dec 49,300 Light Co—18.B« T Motor NEW 57% Dec 20 Jan 1.900 1074 108% Sep 20 Dec 9% Mar 31% 974 Distill 974 Nov 17 18% Dec 15/64 Dec Jan 12% 3174 374 Apr 22 12 12% Feb 3174 974 preferred.,. partic Diamond 13% Dec 31 Apr 20 va 83 Deo 31 % 1074 2© Match Dome Mines Feb 41% Deo 32 97b Raynolds class A 16 90 X00 31% 10% 2,200 {is Dec 10 Feb 32 9% 1,000 20 43 11 317b 10% 2174 13% Nov 21 18% Sep ' 101 89% Not 31% 974 1,300 38% Dec 8% 3074 10' 74 72% Oct 24 106 32 9% 7 7 OCt Jan *3174 10 13 3 Jun Dee 100 Western 36 22 12% Jan 50% 0% *35% 13 48% Feb 25 106% 02 3574 13 Feb Jun 33 Va 35% 13 Apr 175 36 1374 19 Feb Sep 80% Dec 3574 1374 67% Feb 187 3574 & for Doehler-Jarvis 97 Dee 16,200 35% 1374 Highest 45% Jun 19 10 Jun 11 82% IS 900 4274 35% 13% 1 I per share Not Feb 2374 4174 35% 87b 133/4 Lowest 47 94 23 42% 3574 Vilbiss Co De Range for Year 1949 10 111% Aug 10% Dm 23% 4274 3534 STOCKS 46% Jan 22% 4274 Corp Range for Previous 118% 2374 41% *13 12% Jun *18% Not 23 4274 1374 *19% May <0 23 34 417b 874 1374 Mar •' 874 237b 4174 874 • 18 Feb 87b 22% 40% 874 774 45% Feb 11% Nor 8% 23 4174 *21% 21 14 29 8% 41 % 774 20 9% Feb 24 6,000 21% 974 Jun 24% Feb 14 8% 77b 31% Sep oot 874 2174 3774 Sep Jun 874 170 22 Jun $ per share 1,300 22 46% July 20% 11% 22 Diamond 41 11% 22 Devoe & Deo 1174 22 3 Not 11% ^2174 19% May 8 per share 1174 22 7 13% 11% *22% fThe.i Steel Jan 25 50 1174 22 Feb Highest 9874 1 Deo Year 1948 9874 *9774 Detroit 11 Lowest 98 74 9874 2 2274 Nov 19 31 98 y2 9874 __1 for Derby Oil Co 18 ay* Jun it 30% 9874 9874 24% Mar 38 46 30% 9874 *97% ;;*774 40 35% Mar 30% 98% 9874 1 58 11 4,400 30% 98% 30% Detroit-Michigan Stov» Co 1 22% Mar 3.400 Detroit Hillsdale 23 y* Sep Jun 14 2274 Detroit Edison 8 50 Jun 200 22 7 Jan Jan 13% May 15 23 23% 3074 11% 11% 117 b 22% . 16 20 60% Deo Oct * 1674 10 21% May Dec 26% 1174 *1574 98% 99 *11% 16 y2 23 23 30% 98 74 *97 7b *15% Jan Apr 56 4% Jun 29 *9774 99 1474 *97% 30% 307b 98 *1374 9% Jan 20 8% 307b *97% 74 14 Grande West RB ctfs Escrow 2374 98 9774 1474 10 74 *1572 23 23 23 1674 *1574 *90% 14 2« Delaware Power & 34% Jun 16% 1474 97 14 §0« Delaware & Hudson Denver & Rio 32% Mar *1574 *13% No par common Escrow *13% 16% 14 74 *96% *1374 147b *96% 14 8% preferred Delaware 14 15 74 97 14 14 ' 30 74 . *96 97 97 14% 14 74 1374 13% *96 2374 0O« Deep Rock Oil Corp Deere 574 Jun 13% July 7% 12 27 31 10© Inc. Records Decca 7 Jan 29 seriea B 1374 1374 97 14 * 100 Dayton Rubber Co 4374 Oct 30Ye Jun (The) seriea A. 3.75% Preferred 3.75% 18 17 46% Jan Chemical Corp Davison *95 lie H 1 .7 preferred conv Preferred 9 9% Jan 4% May 31 Jun 14 Jan 42 May 12 1274 Nov pfd series A Davega Stores Corp common 5% 1374 I .100 Corp common 374 % Dayton Pwr & Light common. 98% Aug 18 Jun Dec 13 3 94 8y« 2 4 92 31% Deo 8 17% May Jan Jun 27 14% Dec 26% Jan 94 8% 967b Nov 28 2274 Dec- 8 *16% Mar 82% Not 84 0 13 Jan Dana 10% Mar 18 7 11% 55 3 4 *58 *574 * 9 74 1,900 700 * 5574 574 2,100 600 10 10 10 107b 57% 58 5874 8,900 2,500 ' ' 374 374 *374 4 3%' 700 63 3% ' 4 500 Range lor r Highest ■4% Jun 34 Jun 13 41 % Jan 7 33 % Oct 19 Feb 28 25% Oct 27 19 23% Dec 15 191/4 Oct 1 12% Aug Not 11% Jun Feb 16 Oct 11 % Mar Feb 43 Jun 32 35 y* 16 Mar 5 7 38 v4 jaij 6 14% Jun 20 % May Jun 13 7% Jan 17 <k Corp 39% 40 40 40 39% 39% 40 4.0% 24 24 24 23% 23% 23% 23% 24 24 24 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 2,100 14% 15 15 15% 15'A 15'A 4,500 1 «. 14% 14% 1 l'/s 1% 1 Va 1 16 % 16% 15% 16 3 36% 36% 36% 36% 18 % *18% 14% *18 8 14% 14% 14% 1 36% 36% Va 18% 18% 18-To 5 4% 5 34% 35 35 90 Feb 99% Jun 95% Mar 23 19% Dec 24% Sep 10% Nov 17% Dec 26% Jun 14 17% Dec 31 Ferro 1 17% 18% 18% 18 % 18% 63% Feb 69% Oct 63 % July 13 81% Dec 31 Fidelity Pnoenlx Fire Ins n y 10 82 '/* 82 % 81% 81% 81% 42 Dec 63 Jun 43 56 Dec 30 Firestone 25 54 54'% 53 % 53% 53% Jun 105 100 106 106 v« 106 106% *106 69% July 53 No par *66 67% *67 67% 67 103% 107% Not 49% Mar 14% Feb 28% Dec xl64 Dec 12% Jun 7 7 Dec 21% 40% 12 ' Jan Dec 9% 12 17 26 60 * x38 Oct Dec 12 Aug Feb 17 Va July Not 23% Jun . «... • —. Dec Dec Jan 8% Feb Feb 25 17Va Dec 30 Jun 15 19 10 Va Jun 13 16% Dec 3 26% May 18 % May 7 107 27 48 99 May 19 24 15 Dec $8 13 13 10 Jan 7 25 79Va Jan 20 14 31 Jan 7 4 % Jun 28 Jun 24 18 Dec 24 Jan 17 20 17 Not 144 Jan 129 31% Mar 43 34 Mar 41 May Jun 3 Not 96 Jun 93% Jan 4 13% Dec x6 % Jun 14 Jun Jun Oct 44% Jun Feb 128% Jun Jun 97 2 7% Feb 93% 128 »/a Jun 7 112 Dec 30 9% . 14 72% Nov Jun 127% Sep 23 x97 Jun Jan 104 % Dec 6 $b 19% Sep 26 Gen 38% Dec 30 General 12% Nov 18% May Nov 31% 132% 20% Jan 7 124% Dec 23 2 Gen 7 General 6% 7% Nov 3 23 27% Dec 14 4 102 Va Jan 4 13 21% Jan A 77% Apr 11 15% Jun 31 Jan 82% May G4 Sep 26 73 Mar 15 12 Va Feb 27% Feb 39% May 24 Jun 14 37% Dec 87 Dec 96% Jun 79% Jun 1 17 Dec 25 May 12% Jun 75 Dec 85% 5% Jun — 17% Jun May 48 July 5% Jan Oct 28% Aug 25% Dec 74% 73% 73% *72 Va 73% 71 vb *28% 29% 28% 28% 27% 27% 18 18 Vb 18 18 18 18% 18% 17% 18 137 135% 135% *134% 136 41% 41% 41%V 54% ' 48 Va 102 126 'A Va 126 *126 126 *106 112% ' 69% *125% 15 3'! is 3% 16% 13% 26,100 22% 2,800 No par 24% 6% pfd—No par 29 % 20 No par Co com 23 *101 B 20% 100 *77 *69 *8% 33% No par No par B *92 15% No par 2.50 preferred 8 Oct 16% Jun 14 28 Vs Jan 7 20% Mar 5 23 Nov 31 May 89 Nov 99 Jun 93 % Apr 26 14% Sep 11 14 July 32 15% May 60% May Jun 28 % Dec 29 Dec 30 16% Apr 9 101 36% Oct 31 14 va Jan 11% Jun 26 Sep *54 Va 10% 100 43% Jan 33 % Jun 10 Inc No par com preferred 7 Gt Northern Ry 6 Great 36% Feb 16 Dec 23% Jun 16% Jan Feb 145% Jun 133% July 77 Jan 62 % Dec Feb 40% Jun 33 Va Mar 19 13% Dec 17% May 10 Feb 13% May 9% Oct 6 12 July 20 80% Dec 98 Jun 93% Jan 4 100 July 27 4%% 29 11% Jun 22 3 Western 1% Nov 9 Green 43 Va Dec 13 14% Mar 29 (H L) Greenfield 25% July 15 Va Jun 15 24 9 Jun 5 Feb 85 Feb 97 July 92 12% Nov 20% Jun 44 Feb 58% Jun 57% Feb 81 14 Jan 16% July Jun page 20% Apr 0 7% July 13 Jan 4 101 Dec 27 9 % Jun 13 14 Jan 7 Jun 14 54% Dec 5 41 56% Jun 13 71% Jan 7 16% Jan 3 22 % Dec 13 20, (The) conv Gulf 8% 113'A 29% 29'a 29'A 29% 29'/a £0 % 29'A 20% *77 29 vb 23% 23 23% *101 *101 103% ,20% 78'A *77 *69-, 72 *69 9 9 9 Vs. 34 34% 34% 92 Va *91% 34% *91% *79% 15 Va 15% 15% » 9 15V4 *20 20% *77 73'A *77 7 8'A *69 72 *69 72 72 .. ■ 35 Va 36 Vs *92% 93% 100 15% 15% 15% 7,200 82% 82 % 200 *81% 82 Sugar common preferred 21% 23% 20% 21% 26% 26% 26 26% 56 55 55 55 10% 55 10% 113 17'a ; 10% 113 *110 ■ 1714 17'A 17%, 17% 17% 72 % 74 73% 2 8% 8% 30 V* 29% . 25% 104% 45% 101% 100% *15% 15% 15% *103% . 45% 104'% 46%, 102% 46 V* 104% 12% 12% 12% 12% 2% 2'A 2 Va 214 2 Vb 16 Oorp Gulf 8tates Utilities Co.. — 700 46% 104% 10,600 ja 46 % 103 Va 46% 104% 12% * 12% 13 2 Vb 2 2 104% 300 13' 2,800 2 8,400 3% 8% 8% 8% 8% 8% 8% 4,300 8% 30% 30 Va 30% '30% 30% 30% 30% 2,500 26 26 26 2,100 27 26% 27% 3,400 101 *100% 101% 270 16 Va 4,200 25'A 25% 25% 25% 27'A v 25% 27% 26% 27 Va ♦26% 100% 100% 100% 100% 15% 16'A 16% 16'a 101 16 *34% 36 16% 36 16 *34 % 180 36 34 34% 35% 12% 12% 12% 12% 12% 12% 12% 12% 5,900 12% 43 42% 43% 42% 43% 43 Va 43 Va 8,400 42% 42% 19% 4,600 42% 19 138% 41% 18% *138 41 14 98 19% 19% *13% 18% 139 Va 19 139% 'A 19 % 1914 139% 139 va 19% 7% 11 *98 19% 7% 140 *68 71 41% 42 42 42 42% ■42 'a 43% 13% 13% 13% 13% 13 % 14 13% 11% 11 11'A 11% 11% 99 98% 98% 98% 98 2014 19% 20 'A 19% 20 7% 7'A 7% 103 14% 15 54 54 53% 54% 53 % 54 62% 61 61% 62% 6114 23% 23% 23% 23 7% *102 *101% 14% 23% va 7% 103 11 11 'a 43 ' *13% 11 10 43% 2,400 13% 700 11'A 99 . 45,000 50 *98% 99% *98% 19% 19% 19% 20 'A 5,800 7% 8'a 8% 81A 19,400 *102 103 '*102 103. 15 48,000 14% 14'a 14% 14% 5414 55 54 54% 54 Va 55% 60%. 61% co 61% 61%-. 62% 28.200 23% 23% 23% 22,800 14% 'A 420 140 71 *68 103 19 % 140 *68 68 14 *101% 19% 140 71 68 14 103 19% 140 68 13% 29% 75 % 102% 12% 42 No par 3,900 74 Va 101 Va 34 *41 62 3,100 17% 17 73 % 12% *65 No par 2B 200 4,800 10% 113 34 68 7% 10%' *110 *34% *65 -102 17% , 16,800 27 30'A 8% 30 100% 10% 113 9,200 21% .55 102% 46 47 104% 104% 25%. 26% 102% 103% 1214 104%" 21% *54 55 73% *103% 27% "*27% *100% 98 _1 *110 17'a 74 44% 2 Va 10 Va 10% 113 72% *103% 45% 27% 10% *109 17% 104% 25v2 10% 113 *54 Va 72 72% 11% No par 83 *79 V4 24 11 1 15% 82 *109 6,000 35 95 15% 26'A 10% 5,400 34% 23% 56 10 3% *92 va 25% *54 / 92 Va 35 25% 100 Corp 8% 9% 9 9 23% *79'A 1,600 20 21 24% ' 103% 20 22% 82 1,000 23 *101 . 1,700 .29% , 78'a V* 20 500 220 314 23 103 Va 23% 23 103% 24 27% *13% 113'A 25 25% 42 32% 113'a 72 15% 12% 2 *31% 113 va 92 15% 3 Aircraft 34 >/a *103% *30 31% 113% *101 78 92% 1,200 x31% — preferred Oil 78 12% 12% Gulf Mobile A Ohio RR com.No par $5 79 9 24,% 31% 32% 20 Va 92 4,000 *24% 0% 25 114% 23 20% 34% 6% 32% 2.9 vB 8% 24% 25 Va 124 6% 114% 103% *68 €%. 6% 6% 25 *122% 124 31% 32% 20% * 72 67A 24% *122'% 124 21% 21% 21% 21% 21% *122% 6% 23 23 *10.1 104 % *33 % No par 29% 29 % 23 103 % 21% 124 24% 7 24% 114 12% No par 1 Co Inc 113 104 v4 18% Corp Guantanamo $5 44% 138 % preferred Grumman *103 100 100 Tap A Die Corp Greyhound 72 Sugar com—No par preferred Bay A Western RR Green 67 *17 Va No par pfd 6% Common 19% Oct 144 Va Mar *109 No par $2.25 conv pfd_ Gt Northern Iron Ore Prop 132 25 1 10 7 80 % *23% No par 50 (The) com conv preferred 20 23 32% 33 Jun 3% Jan 6% 24% 114 100 (B F) *21 Va *122% 7 114 com. Razor 21 124 24% *22 10 8% Apr 124 1 Corp 20% *122% 21 % 21 98% Jun 30% Dec 2.200 3% 16% Oct 4 V 3% Jun 19 14% 16% 23% 12 14% 3% 105 % 5% Feb 14'A 16% 26 1 % May 14% 2,800 3% 45% Jan 16y8 Jan 4.800 14% 16% 14 Oct 36 14% 3% Jun Apr 35% 14'A 16% 34 Jan 35% 14 v* 3% Oct 8% 20% 35% 16% 80% 5% 20% 35% 3% 38% Mar 5 21 35% 16% No par Goodyear Tire A Rub com—No par $5 preferred No par Gotham Hosiery No par Graham-Paige Motors —1 Granby Con sol MSA P B Grand Union Co (The) 10 Granite City Steel No par Grant (W T) Co common S 3%% preferred 100 Grayson-Robinson Stores com 1 27 21 35 % 3% 9 Sep 1,900 21% 35% 16% Aug 16% Mar 20 Va 3% 24 106 1,100 20 Va 16% *122% Goebel Brewing Co $6 1,200 103'lis 3% Jun 104 126% 103% 16% No par preference Co 63,.700 126 103% 21 " 14% 14 73 va 126 B Gimbel Brothers common 4%% 103% Shares 72% 72% 71% 125% 36 Sper share I per share *103 Va for the Week Jan. -to I!) Jan. Sales Friday Thursday IK < per share 73 Vb 21% 100 10c 17 29 Jan. 103 % 35% Harvester Corp Dec PRICES SALE 126% 21 14% 230 500 71% 36% 14% 127 111 103 'A 20% 3,100 127 *125% 20% 23,300 110% 73 35% " 200 . \'f 9% 55 %. 127 103'% 1 103 /■ 9%* 55 '/a 111 126 No par 7,400 110 v 71% 103% i: 49 *126 Va 127 112% Wednesday t per share 10 36,500 42% Va ■203 55 103 % 103% No par 126% *110 HIGH 55 ■ 900 136 48 % 9% 125% 71% 103% Co 10% Dec *125% AND - 42 48% 105 ■' 9% 126 69% 70% 126 Va Jan. 17 9 per share $ per shart 10 126 48% 55% 200 18 Va *134% *102% 10 55 55 Tuesday 16 Jan. 9% 10 Va 112 *110 Monday Jan.14 104 *102 "r 640 28 18 42% 40 90J 17,800 71 ■ •27-14 13g 42 42% 48%, 49% *102%'lo5 ,,^7% >•48%,, ***48 *134% 136 42 Va 42% ,4"t% , *134% .1 . 7% 71 72% 29 Va 110 100 74 *28 ' 14 7 Va 29% 54% Aug see 8% 7% 126 103 Va footnotes 13% 7% 110 94 % Mar For 13% 8% 54% Goodrich 5% Mar 13% 7% 54% Gold A Stock Telegraph Co Nov 13% 74'/a 135 Va 7.600 11% 164% 1 8% 54% Corp— Glidden 55 i ■% *162% ;_10c Utilities Gleaner 6 11% 164'/a 13% LOW 18 3 11% *162 Va 8% 9% preferred $4.50 11% 164'/a 13% Saturday Equip Corp 11% 8% . 200 2,600 105 *101% 13% 10'A Goodall-Sanford 16% ; 400 1 48%.' 47 46% 107 *102 *13'A 13% 10 No par 27% *162% 11% 163 102 Co *26% 7,700 5% 5% 46% 46 v2 107 5Va 13% 108 Cement 105% 46% *102 106 11% 163 163 *162 8% 11'A 11 Va 11 Va *102 106 *101 106 163 ' 5 29% 105 % *105% 46%; ' 46 Va 48 10% 12 Apr 105 Va 47% 102% 19 60 105 % 105 '/a 47% 9% Sep 40 105 % 18% 105 Va *101% Jan Dec 6,600 "...47% 19 Mar 19% 1 72 v2 Dec 29 19'/a No par 116 xl2 2,900 19% 41% 14 9% Mar 19% 18% 105% 18 13 35 19% 19 % 18% 5% *28 Va 29 Feb 20 % ■ *74 14 Vb Jun 18 28 *197/a 105% 52% Jun Nov 18 *27 20v4 *5V4 5%. 105% x95% Jun Feb 27% 15% 16'A 15% 105 !/a Oct Dec 16 13% 64% 5% 16 5% 47% 24% May 2% 13% 15% 19 * 400 18% i6 19 Va com 26 1 17 4,900 19 18% Gillette 8afety 80% Oct Dec 800 1614 *18 13% 5 5 18% 16 18% 20 —100 A Lumb Co_l 17V. JaD 18% 16 18 Va *27 preferred— Georgia-Pac Plywood 14 19 17% 20 % preferred conv *18% *17 27% _No par 8%% $5 300 18 5'A 7 13 91 38% 17.% 8 17% No par series Gen Tire A Rubber 3 5,600 38% 17% 77/u . *17 No par Steel Castings $6 4%% 8 la 38% *17% 19% com. —No par Advertising Time 7% *38 27% 60 10,200 7% 5'A 8% % 17 Va 19% 13% 1,600 8'A 18'A 6'A 8% 18 38% 211A $ 6'A 8 *18 6 vb 77/B 7% 5 Va 11% 6 vb *18 2)0 17% 19 V* *102 600 ; 800 38% 7%' 27'A B 800 5,600 6% 8 18% *18 5'A No par 18 76% 19% common 17% 17% , 22 27% . 17% 21% 5'/a B 59'A 76 Va 19 Va com—1 59 39 *38 39 10'A 59 59 77'/a 27% Refractories 4% % 72% July 11 Jun 55% July 15% Aug 7% *38 »A 16 16 2 47% Mar Dec , 7% 7% 7% 38% 38% 10%. 22 7% 8 Va 18% 2,200 11'A 11 10% 77 1 Realty A Utilities General Jan 21 15 *17% 18% *17% 7% *17% O 380 11 21% 6% 6% 6% 6% 18% 24% 24% 11 ♦10% 77 1.68% com General Telephone Corp 3 18% Jun 99 % Apr 72% 96% Mar 7% No par July 18 Dec 122 6% 8 ... 24% 130 76 77% *76% 2,300 22 % 50 Inc General Shoe Corp July 19 Dec 6% 7% 77 % *76% 19 Corp com Gen 67 Mar 77% 80 30% 30 21% 21% 21% 98 % ■ *17 17% *17 100 27 Jun 14% 21% *18% — 27 May 113 17% 21 Vis 17'A Corp Com Jan 22% Jan 29% May 6% 17 Va 21% *76% 100 Dec 90 Feb 17% 21% *17 _ 58 08 *17 Va 8 Oorp 34 30 Mar ,*58 —No par Co 122 Dec 4 .53 Va 17 % _ Mar 14 Dec 48% 58% preferred 7% Nov 99 Va 30 Va May 28 t% 24% Jan 76 Nov 58 Gen Railway Signal com 22 18% 19% 58 Service Public Gen 30 10 24 Oct 102% 14 Nov 4% Feb Jan Apr Gen Public May 19 17 20% Jun 6% May 24% Dec 58% •24% 10% 29% 92'A 30 Va 30 11% 10% 29'A 92 % *97% 98% •97% 24% 11 10%. __No par Portland Gen Precision 3 120 Jan Jun Dec 24% 11 *10% preferred Outdoor 2 28 15 % Jun May 30% 22% 25 10% 10% 100 $3.75 8 Mar 37/a Dec 2% Jun 11 Va Jan Jun Feb 98% 16 V4 11% July 19 4% May 22% 21% *24% 10% 10% 50 Co Motors Preferred 13 17 Feb 25 10% preierred 25 110% 31JA 25 Par General 9 5 Feb 4% Mar 31 10% $ per share t per share 51% Jun 13 29 30% 10% NEW YORK STOCK ;.,:v EXCHANGE , Highest 123 y8 Jan 128% 30% 25 preferred 22% Jun Sep "■ 10% 100 conv 15% 10% Electric Co S% % Jun Dec 5,900 15 *24% 1 General Mills common 30 56'A Dec 4 Nov 18% 15 8.300 30% com— $3.60 preferred 17% 120 7,700 15% 31 Va .10 General Instrument Corp_ nov 15% 700 13% 15 V'i 30% 20 General Foods 11 26 Dec 14% 13% 30 % No par 16 .i«r Feb Feb 14% 13% 15 Va 29% com— 28 13V4 16% 2% 14% 13% 92 preferred 12% Mar lova 14% 14 STOCKS t per share 99% 15 13 Va 29% com. Oorp. 48% Dec Range for Year 19 i!) 125% Oct 119 15 14 98% *162 100% Dec Lowest Highest 66 15 13% *97% Transportation General 4 Apr Year 1948 i per share 18% 15 13% 98% preferred 2nd preferred- Range for Previous 50% Mar 18% 15 98 preferred. 30 15 123% Jan 108 1 42% Dec 28 39% Jan Feb Lowest 18% 97 , 11,700 18% 12% 97 1 700 18% 15 98 common General Cigar Co Inc Apr 139% Apr 18% 28„ 18 Va ' 1st 18% % 13% *97 1 Baking conv 18% *25 25 Va 92 preferred 4% % Jun 6 July 44% July 25% 1 10 Industries General Cable Jun 65% Apr 15 82 25% 40 107 *105% 25 __25 Co General Bronze 31 'A 31% 107 25% 30% $4.25 pfd series A General Jan 9 Va Feb May 63 11 15 163% Sep Feb -Dec 13 Not 40% -> ar¬ il 14 Oct 4,400 •31% •105% 107 92% 100 Amer 31% 13% 31% 31% *105% 92% $4.60 preferred General % Nov 25 106 6 July 9% Jun 152 Not 87 17 25 41% Sep 13% 3,400 I51/a General American Investors 2 Jun 3 103 Va Jan 1,300 14% 30 (The) conv 68 13% 15% Gaylord Container Corp 19% Dec 13 Va Jan Jun 11% July Dec 4%% 67 13% 30 (The) Corp 67% No par (Robert) Oo Wood Gar 4 23 Va Jan 72% 118% ? 6% Feb 32% Feb 14 100 Mar Garrett 2 13 Gamewell 31% 106% *25 270 67% 92% Co Gardner-Denver - 14 28% 9 2b 3 7/8 Jun 14 Va 87% ADr ; 106 105% 13% 13% 13% 2,900 105% 68 67 68 1,600 55 54% 105% 106 105% 106% 81% *81 29 preferred conT 54% *91 preferred 6% 81 54 % 15% common Gamble-Skogmo Inc 15% Jun 9% Mar 34 12 15. 159% X128 10 21 Va Jun Apr 9 29 9% Jan 41% Jan May 105% Dec $ % 18 Va Dec 6 26 83% May Feb 99% Mar 146 30 Oct 80% 55 92% (The) Ino 81 54% 28% preferred Co 80% 92% 100 Trailer Galr Oo 13 —— — 45 , Gabriel 7 31 Va Oct 9% May Dec 4 7% Oct 6 Aug 48 Va Dec 7 Va Apr 14 14% Jun Jan 20 Dec 13 81% 54% 15 Froedtert Grain a Malting Co Inc_l 4% Jun 18% 4,800 28% Fruehauf 4% Jun 1,200 19% 92'A 15 4* 12% 19% 15% 29 2 12% 19 29 17% Dec 78% Feb 12% 18% 92% 23% Dec 26 12% 18% 28% Freeport Sulphur Co Sep 67 Aug 12% 18% 15% 6 * 104 Va 12% 31va 25% 360 104% 1 Franklin Stores Corp 4 36 % 103% 100 Corp prior preferred 6% 35% 103'/a 18% 13% 1 preferred Francisco Sugar 35% 103% 13% *105% % 5,000 35% 103 Va Corp__10 Chem A pfd conv 13% 1,900 5 5 " 15% *15 10 19 11% Jan 16 % Jun 10% May 10 V* May Dec Feb Nov Machinery *25 1,500 5 18% 18% —7% No par Corp Foster-Wheeler 12% Aug Deo 100% 23 10 % May 13 0% 11% 33% Dec 25% Dec 6% 42 11 13 •4 16% 3%% 17 Doc 5% 18 29 68% 27% July 18 96% Oct Jun 12% May 24% Jan 16% 3%% Food 25% Corp Steel Food Fair Stores Inc 8 Feb 17% Mar 12% 3 8% Nov 10 9 8 21% Jun 47% Power Follansbee Jan May Feb 38% Fiorshelm Shoe class a 10 35% 16% Florida <7 25% 18% 104% 13 31% ,105% 18% 5 5 105% 31 31% 106 % 1,000 18% 36% 35% 35% 104% 13 13% 13% 13% 31% *105% , 104'A 13 13 No par 27 *103% 104% No par 22 16% May Dec 8% Aug preferred 15% Oct 29 89 com Florence Stove Co. 92% Nov 25% Mar 22 <6 14% Dec 29 19 % Feb Rubber preferred 84 29% Jan 24 May *12% (The) Carpet Co No par Pllntkote Oo (The) common_.No par 2 8% Feb 78 *103% 8 Firth 'i 24% Jan 20% Apr 38 Va May Dec , 2 Dec 92% 82% Not Sep Jun 105 a 1814 Dec 3 May 26 9 y8 4%% 29 Jan 100 Mlg Co Enamel Corp First National Stores 3 j hi i 28 Jun 47% Dec 24% 13 % Jan 12% May 9% Mar 79 31 ^ 34% Tarrant Tire 5 8 preferred Fedt a 13 104% Dec 18% May 25 Jan Dec Dec 17% Jan 11 % July 13 98 % Jan Dec 3 69 3 21% Jun 12% 27 Jan 21 107% Mar 1, May 16 Jun 22% 13 6 Aug 36% May 15% Jun 26 July Sep 20% Jan May 20% 42% Not 96 104 28 No pax 5 5 5 35 9 com 3,600 36% •18% 18 14 Stores 61,100 37 •36% Va 18 1 % 16% 1 IV* 16 % 36 % 900 36% lVe 15% 36% xl6 2,000 15% 1% 16 Va 1 % 1% 16Vb 3aa Jun Dept * 1% 24% Feb Federal Motor Truck 39% 40% 15% 1% 31% May Federated Shares 20% 12% May 9 i per shart the Week 40% Corp 1 Federal Mining a Smelting Co Federal-Mogul Corp 10 .Ian. 20 f per share 24 Feb Dec for Sales Jan. 19 I per share 24 Dec 6% Jan Friday Jan, IK 40 20% 36 Thursday Wednesday No par Co Fodder s-Quigan 18 SALE PRICES i per share Family Finance Corp common Liquidating Corp 26 18% Nov f per share I per thaw HIGH 17 Jan. 16 far v15% Dec 31 9 Jan. 13: jq mom Fajardo sugar co Fftlataff Brewing 15% Oct 8 % Jun 5 11 Jan. 14 AND Tuesday Monday Saturday Par Fairbanks Not x19% Not 37 STOCK EXCHANGE < $ per share I per share t per thare t per share NEW YORK Range for Year Lowest Highest Lowest LOW STOCKS Previous Year 1948 (369) CHRONICLE -FINANCIAL COMMERCIAL* & THE Number-4875 Volume1171 23 % 23% 23% 1,500 14 COMMERCIAL THE (370) NEW NEW Range for Year Jftlft Year 1948 Feb 35% $ per $ per share 31 STOCK CHRONICLE AND HIGH 'PRICES Wednesday SALE Saturday Monday Tuesday Jan.14 Par $ per share shore Monday, January 23, 1950' RECORD LOW STOCK YORK Jan. IV. Jan. I7 Thursday Jan. 18 $ per share i per share EXCHANGE HiglMtS* Lowest Highest I per thare YORK FINANCIAL STOCKS K&nge fer Previous Lowest & t per share I per share Sales Fniday Jan. 19 $ per for the Week Jan, 20 $ per share share Shares H 15% Nov 12 V* Dec 12% Dec Oct Jan 4 39%. Dec 2 Hackeasack Water Sep 22% 3.1 16% Jun 7 24% Deo 23 Halliburton Oil Jan 3 14% Dec Hall fW F> 12 16% May xi4% May 79 Mar 89 *191% Feb 107 Jun 21% Feb 146 % July 2ft Va Dec 27% Jun 150% Jlan S9 Dec 8 Mar X20 5 68% Oct 6% Jun 28 19% Dec 16 9% Jan 7 11% Jun 11% Jun 26% 5 V* Jun Tt 19% Feb Jan 6% 7% Nov Jan 25 3 Hat Oct 27 Va July 20% Jan 13 91 Jun 84 Jan Dec 42 Jan 30 Jan 95% Jan 22% Nov 103 May 34% Dec 13 Va Dec 41% Dec 37% Dec 3 96% Jan 14 105 Nov 23% Jan 4 32%. Dec Oct 34% Jan 6 22% May 57% Apr 128% Feb 25% Oct 30% Apr 5 Oct 86% Jun 77 1 14% Jan 8% May 20 11% Jun 16 15% Dec 12 Va Dec 25% 21% Feb 20 9% Jan Dec 29% May 16% May 15Va Feb 30% 25 Dec 29 % Nov Deo 11 Dec Dec 12V4 Jan Jun 1 Feb 34% Jan Dec 18% 3 50% Nov 34% Dec 100 Jun 116 Dec 14 35% Nov 2 29 V* Dec 46% Jan 30 Feb 11 27 Nov 34% Jan 28% Jan 6 Oct 94% Jun 86% Jan 6 99% Dec 38 Mar 49 Oct 42% Jun 20 48% May 38% Jun 29% Feb 44% Oct 14 Dec 23 Jun 47 3% Sep 8% Sep Jun 8% 4 % Jun Dec 14% May 34% Jan 50 12% Dec 10% 2 Dec Sep 33% Jun 9 10 % 10% 7% 7% 8% 7% 23% 22% 1,200 28 22% 22% 28 28 94 94 40 33% 39% 39% 39% 40 3ftJ to 106 39 *105% "39% 106 *105% 31% 31% 42 41% 41% 23% 39% 23% *105'% 106 106 106 *16% 17 17 51% 51% 50% 125% 126 *125 44 1©5% 52-/4 32 32 32 32 32 700 *41 42 *41 42 *41 42 30 17 16% 50% *16% 51% 126 126 51%, 126 17 800 51% 3,300 126 220 41% 42 41% 41% 41% 41% 2,300 54 % 54% 54% 54% 54% 400 16% 52 % *52% 52%» *52% 52% 52% 52% 52% 32% 17 16% 16% 17 17% *16% 17 17 17 16% 16% 16% 16% 16% I6V4 16% 13% 15% *78% 41% 400 90C 66,100 80 78 % 78% 80 77% 78% 320 12% *79 12 12% 12% 12% 12% 12% 12% 12% 12% 12 V* 5,400 15% 15% 15% 15% 15 % 15% 15% 15% 15% 15% 15% *14 14% 14% 14% 14 Va 14% 14% 14% 900 26 26% 26 26 25% 25% 25% 25% 5,100 14 Vs 700 *78% 80 12 *15% 80 13% 14 14% 14% 5 25% 25% 25% 26 13% *78% 600 14% 14 % 14% *14%. 14% 19% *18% 19% *18% 19% *18% 19% 28 *28 28% 28 v* 28% *28 28% 47% 47% 46% 47% 46% 47 6,200 33 % 33% 33 % 33% 33% 33% 1,800 113% *112% 14% 14% 14% 14% 19% *18% 19% *18% 27% 27% 28 47 47 47% 47 47% 32% 32% 32% 33 33% 113 14 114 *113 104 104 114% 102% ■102% *102% 13 % 13% 13% 13 % 103 163 114 104 *111% 103 600 340 Va 3,600 33% 34 1,300 36% 36% 2,200 13 Va 13 13% 13% 33 32% 33 33 33% 34 34 34 34 No par 36 V* 36% 36% 36% 36% 36% 36 36 % 36% 36 % ____-100 *96% 97% *96% 97% *96% 97% 97% 97% 97 97 No par 46% 46% 46% 46% 47 47% 47% 48 48 48% 47% 43% 8,700 t c___—.25 39% 39% 39% 40 39% 40 39% 40% 3944 41 41 % 41% 6,7,00 preferred v *32 16% 16% 16% 16% 16% 5 43 % 43% 43% 44 43% 43% Hudson & Manhattan common.. 100 8% 8% 8% 5 5% non-cum preferred.—100 Hudson Bay Min & Sm Ltd__Nopar *13% 14% 7 40% 40% 14% 14% Corp... i, *16 1 Hudson Motor Car— 12.50 Foods Inc 9 % ._6.66% —_ 2% 1 ——. Refrigerator Co. YORK NEW 16% 17% 51% 126 54% 13 % 18 No par 8% 8% 17 *16 43% 8% *16 44 8% 9 700 17 % 17 4 2,% 17 43 44% 44% 8% 9 4,100 9% 14% 14% *13% 14% *13% *13% 14% 40 % 40 % 40% 40% 40% 41 41% 41% 2.500 14% 14% 14% 14% 14% 14% 14% 14% 15% 29,800 9% 10% 9% 13,300 2% 7,500 9% 2 % 2% 9% 2% 18 18 2% 2% 18 18 % AND HIGH 9% 2% #•% 9% 2% 2% 9% 9% 2% 2% 18 18 18 18 18 xl8 14% 1,100 PRICES SALE Sales Friday Thursday Saturday :. • .• Par 100 14% 40% 14% Monday Tuesday Wednesday Jan.14 ■ 3,000 9 39% LOW STOCK 9 CO 98% *97 *13% . 18 Jan. 16 Jan. 17 Jan. 18 Jan. 19 Jan.20 $ per share Sper share $ per share S per share EXCHANGE Highest 51% 54% 10*2% Range for Year 1919 *16% *125% 42 43 110 Corp 17 51% 126 *54 *54 13% Hussman 51 % 126 16% 17 16% 10 *31% 32'% 16% 52% 16% 105% 52% 54% * 900 54% 41% 44 ■*537s 16% 51% 126 *39% 42 32% *41 Howe Sound Co $ per share, 8% 22','2 17% Dec t per share 7% 94% STOCKS Sper share 7% 8 28 5 Lowest 7% 1,800 15,500 *92% 110 Hupp Highest 10% 28 102% Hunt *10% 94% 13% 7 10% *93% 102% 6 10 Vs *27% 111 30 130 10% 28 *102 2% Jan 68 % 94 "109% 18% Dec *67 94 32% 11% Jan 67 22% 45% Stores 900 67 27% 5 Howard 2,200 6 67 28% 12.50 8% Nov 30 *60% 23% l com 27 5% 6 94% 32'A 5 E* 148 27 27% • 28% 23% 28 1% May 23 10% Jun 6 *146 148 6 *93'% *31% 10 Co Houston Oil of Texas 14% Oct. 13: 6: 95 47% Jan 7 Feb 26 . 27 2,700 23 14% Apr Year 194.3 Lowest 10% *41% 100 Co preferred Mining Range for Previous t per share 67 27% May Jun 67 "18% 5 14% 66% 5 19 Dec 12% Nov 6 11% Dec 8% Jun 29 22% Jun Oct 7% *146 27% 10 21% b 8 46% Jan 20 7 27% 27% 21% 148 *146 148 27 21% 21% 21% 107 *106 107 *106 28 *103 % 1 Houston Light & Power 4 21% 21 % 21% *146 6 30 cony 3% % 26 Jan 12% Jun 14 31% Jun 28 16 33 26% 10% *10 40 5 Household Finance com 19 7 21 % 143 26% .10 8 Feb 20% *146 26% *39 $4.50 41% Nov 29 81 tCfearles Furnace Homestake 29 13% Dec 21% 148 107 *103 107 *106 7,200 23 -No par corn Hooker Electrochemical Co. 22 101% Dec 1 94% Sep 8 9% Jun 13 21% 107 2nd pfd ser A No par $4.25 preferred No par Houdaille-Hershey com -No par $2.25 coiiv preferred——_____50 19 Jun *106 *78 23% 28 .... Cq 5% 1 Apr 29 107 10 Holly Sugar Corp 16. *24 78% -25 Hollander (A> & Sons 2ft 42% 78% *93% 100 Hilton Hotels Corp & Daueh Paper 22% Jan 21 28 % Sep 79% 50 Hires 15% Oct 8% Jun 29 "78% .25 Co common preferred Motors Holland 24% Mar 10 79 % 15 Hinde 6 16% Jun 20 *78% 100 50 15% Sept 39 Oct 79 % 5 ! _ preferred series A 29% Deo. Jun 103 Co Heyden ;Chenatical Corp 3%% preferred ser A 16 30 35% Jun Glass 4%% preferred series B Hewitt-Robins Inc T 12% Deo 15 3 16 79% 23% *14% 1 4%% 31 84% Sep Dec *78 26% _. 21% Jan 26 9 700 79 % 8 Vs Hershey Chocolate 7.8. 13% 7% 28 52% Dec 13% 2 ... Deo 21% Jan 13% 10 Va non-cum Hercules 53% Deo 21 51 % Nov 23 *13 10% 45 xl3% Aug 25 14% Jun 14 13% *143 No par Hercules Powder common,-—No par 5% preferred 100 273/a Jan 13% 1 16 28% May 13% 66% Sep Nov 13% 67 preferred tH J) 1% 17% Aug 22 Dee 3 Nov 13% 67 53 17 900 *13% —100 131 17% 15 13% *5% 4 1 15 3 1 Nov 23 23% 15 6 Jun 26% Mar 22% 15% l 13% Jan 52 23% 15 % 10 122% Feb Ml 40 23% 15% __ 3.65% preferred Helm© (G W) common 42% Deo 21 Dec 99 Heinz Oct 19 35 >/a 120% 24% Nov 3%% 13 24 Va 23 % 15 *40% common Cenrp of America Hazel-Atlas 95% Deo 29 29% *40% 23% 15 % 21% 100 — Marx Hecht Co common 25% Deo 21 Jan 17. preferred Schaffner & preferred Hayes Industries Inc Hayes Mfg Corp 5 Dec 20% 41% 23% 15% 13 "'8 (M A) 4%% 78 *40% 23 15 % *106 Hart 41% *41 41 41% 23% *78 4 61 preferred *40% 41% 20 Vs *15 100 conv Hanna 13 4% Ian 20 Jan 6% Feb 6% Feb Feb, 25% Dec 149 May 12 20% Jan Jun 79 13 3 142 % 41 *40'% Co $4.25 pfd__Ne par Harbtsnn-Watt; Refrae com No par 15 23% Jan 4 18% No,* 18 4 6 108% Nov 104% Apt 34 V* May Dec 4% Jan 81 _-2fl Well QMnentlng-_5 Printing C©._ 5 Hamilton Watch Co com-—-No par 13% Dec 20 11% Jun 27 72% July 26 Jan 6 $ per share tper share for the Week Shares I 30% Apr 27% Mar 35% Jun 31% Jun 7 42% July 22% Feb 24 62% 90 July 73 Jun 13 97% May 37% July 95 Jun 20 Jun 30 25% Jan Feb 36% Dec 16 Idaho 36% Dec 22 Illinois Central RR Co common. 100 Sep Jan 26% Aug May ijec 29 96 Jan 4 13 34 V* Dec 23 4 37% Nov 23 51 % Jun 26; 95 24% low. 6% oj. 55 % Nov. 12% Jun 7% Sep 12 lft% Jan >7 25% Jun 21% Jan 4 29% Dec 9 15% Jan 38% 56 Jun Leased lines RR 58 Dec % Nov 160 Feb 34% Mar 15% Feb 6% Feb 13 Dec 86 Dec 4 Jun 4.7ft% 2,420 37% 10,160 55% 55% 55% 250 Jun 24 14 34% Oct 71 Jun 73% Jan 17 86 % Oct 3% Feb 26 25% Jun 14 6% Dec 17 31V* Jan 7 Dec 34 Ve Oct 139% July Jun Tl457/a Jan 22% Jun 1 164% Jan 3 133 Jun 39% 39% 39 39% 39 39% 5.100 14 "2 14% 14% 14 14% 14 14% 5, ICO 11% *10% 14 107% Int'l *% Feb 4% Minerals & 28% Internat'l Paper $4 preferred Co com 55 71 Feb 5 61 Feb IT International 39% Nov 45 Jan 41 Jan 46%.Oct 28 International 43 Mar 65% July 38% Jun 57% Jan 13 International Silver 80. Mar 35 30%' Aug 14 Jan 27 20 July 28 Dee 26% May 18% Feb IT' 23 International Utilities Corp Aug 10 85 V* Jun 24 Jan 3 34 NOV 29 39% May 24 Jun 14 Nov 137% Jan 4% Deo 145 May 10 May 2% Jun. 13 18 Dec 23 % Ju n 11% Jun 7946 39% Dec 92 Jan 81 Jan Feb 48 Jan 24 Oct May May 44 89 Va 83 V* Sep 100% Feb 20% Feb Va 99 42 V* Jun 113% jun 14 3 95% Jan 17 30% Jun 6 10.1 Jun 6t Interstate Dept Stores Intertype Corp 1— 1 Island Creek Coal Jan 21 136% Aug 12 148 , Feb 2 7% Dec 21 $6 , 5ftVa Oct 19 Jersey Cent Pwr & Lit 4% Jewel Tea Co Inc com 105% Dec 2Q 5ftV«, Dee 3ft Dec 2ft 54% Dee 23. * 43% Jun 30Vs Dec 21 1% 223 % 13% 27% 9% 86% 26% 180 9% 32% *84 7 27% 181 9% 33 86 % 7% 28% 28 % 23% 134% 134% 36% 6% 35% *102 6% 36 106 % 6% 1% 13% 1% 13% 224 224 *1% 13% 223 1% 13% 223 % 27 Vs 27% 27 180% 180% 180% *180 9%- 9% 9% S% 32% 33 Vs 32% 33 Vs 86% *84% 86% *84 7 7 28% 28% 134%* 134% 35% 36% 106 % *102 6% 55% 6% 56 7 28 Va 134 35% *102 6 % 56 7 134% 35% 107 6'/s 12% 6% 3,500 29 % 23,300 134% 134% 54ft 35% 31,900 35 *102 "6Vs 52% *51% 53% *52% 35 *33 35 *33% 33% 12% 12% 12% 12% 12% 19 19 19 19% 19% 19% 19% 22% 22% 22% 21% 22 21% 22 32 30% 30% 30% 30 30% 30 Vs 30% 28% 28% 28% 28 28 % 28 28 V* 28 28 28 *139 140 *139 7% 6% 140 6% *139 140 6% 7 *139 67/s 1,000 53 % 31 % *139 6% 45% 18% 140 107 45% 57 % 21% 139 86 % 28% 19% 19% 5,100 45% 52% *33 9,500 45% 52% 35 6% 550 9% 34 56 52 % 13 35% 107 6% 21,200 56 52% 12%' 134% *83% 1,000 27% 180% 56. 45% *33 6% 29 9% 33 1.20C 10,400 56 45% 12% 86% 27 Vs 180 1% 13% 227 57% 45% 35 9% 33 13% 55% 45% 12% 6% 27% 181 *1% 225 55 45% *33 35% *102 1% 13% 223 *56 56 *45 *56 6% 134% 57% 57% *84% 28% 55% *56 9% 33 28-% 55 13% 13 % 27% 27 .180% *55 '51% *1% 223 140 7 6% 7 22 *30% 6% 1,730 600 1,700 300 204,200 19 Vs 2,800 22 1,203 30% 1,600 28 V* 2,500 140 7 4,700 15% *15 16 *93 93% S3 93 ,_No par 57% 57 % 57% 57% 58 58 % 58 Va 58 Va 59 59% 59% 59 7 1$6% *105% 106 % 3¥*%. preferred—l_.i,_100 Johns Maavllle Corp c.om 106 *105 No par 47 3%% preferred i.100 Johnson .&• Johnson common... 12 Va *124 86 Nov 1% 223% 16 Jones & Laughlin Steel com__No par 5% preferred series A __100 30% 1% 13% 224% 21 % 7 4%: 2nd preferred series A__—100 Joliet & Chicago RR stamped—.100 3 170 93% 10ft Jan 5,300 95 % 93% 170 Jun 28 17% 95 11 93% 15 73 17% 94% 10% 15 Va Feb Apr <00 17% 94 % It *93 May 23 93 Va 10% 17 94% *15 102 Feb 10% 17«% *93 16 155 83% *10% xl7U 94% 93% Oct 14 11 18 % 94% *15 Jun Jun 10 173 .*92% May 21 *167 15 Vs 35 Oct , 93% 106 39% * 1,800 1,500 170 15 Vs 158 29% Mar 173_ 170 69% % *92% Dec 6 *167 49% 68 ptd-.ioo Jan Dec 20. 33 V* Jan 7 170 *165 8% 48% 68■» 19 V* 28% —No par' 99 Dee 68% 17% 35 *31 1.50c 145 29% Jun 30 69 % " 9 49 21% 1 Jaeger Machine Co..: 29 09% % *10% 52% * No par Jacobs (F L) Co.— 24 Dec £9% 45 12% 1..1 18%-fan 48 17% *33 __5 preferred 49 11% *51% No par common- 94 130 25 08 % ci 49 57% 45 common 8 % 8% 7% 49 % 56% *55 No*par Shoe— 170 7% *49 94% 107% 6% No par - 14 17% Mar Salt 7% preferred u— ___25 International Telep & Teleg__Na par 4 22% Mar 35% Int'i Rys of Cent Amer cMn_.No, par b% preferred ■ ..100 8 15 7% 134% *102 20 34 new-_7.50 7% 29 16% 7% *133 No par Nov 11% Abg 7 — : 29 94 33 33 *84 % Jun 8 9% Int'l Nickel of Canada com__No par Preferred .100 8 2 8/4 17% 180 100 I Mining Corp SO 7% Jun 13 ' 27% 180 com___5 preferred 43 Jun 224 % No par Chemical Jan Mar 13 % No par common Jun 16% .1% No par 64 14 No par Business Machine .62% Jan 5' *94 —.100 ... Rubber. 9% 9% 29 96 17 % __5 Iron International 37% Dec 29 4Va Nov 29. -_1 common preferred *. __100 Int'i Hydro-Electric Sys class A—25 103% Nov 23 Jan 14% *10% 1% 7 5 94 20 Inc preferred Int'l Harvester 21 July May Corp 14 33 % Dec 99 6.300 39% 31 Feb 8% 14% 29% Dec 143 1,8C0 7,300 39% Int'l 31 9% 29% 14% 3ft Dec 9% 29 % 39% Interlake Dec 03 9% 29% 14% ... Intercontinental 10 c 55% 9% 28% 9% 38% 18ft% Dec 3% Feb 24 *55 55 55 55% 14% 8 Dee 9% 28% 39 7 234 9% 29 % 39 2 % Jan. 5 *55 9% 23% No par 13% Jan 8 55 % *55 *165 4%% 28 5% May 1 9% Jun 29 9% 170 Interchemical 19 93 3% May 16% May 156 3 % Mar 8% Nov *55 97 *16.5 preferred Insuranshares Ctfs 8 Jun Dec 37% 37% *94 100 6% 13 9% Dec 36% 37% 13 38% 5% 36% 37% 19% Dec 5% Nov 23% Feb 65 35% 37% Inland Steel Co Jun Feb 35% 36% Inspiration Consol Copper 174% 88 35% 37 8 x34% Jun Jan 36 36% 8 Oct 135 36 36% 18V4 Jan Dec Deo 35% 33% 41% Jan 26% 24% Mar 94% 35% 36% 68% 11% Jun Dec 30 94% 35% 36% 68 30 Feb 97 9'7 *33'% 69 47% Nov Feb 97 *94 1000 *68 21% May 8% May 1% 97 *94 .100 25 18% Dee 1,100 No par ; Apt 95% Dec 43,500 98 commoa._-._No par 11 3 39 97% Ingersoll-R.and Jan 11 2,800 37% 99 49 155 30 36% 38 % 97 48 % Jun Jan 36% 36% 37% * 7 % 27. 12% Apr 97% 49% 72% Oct 86% Jan 33 97% 36% 36 % 37 Vs 98 *7% 7 __8 36% 33% *48% Jun Jan *94 36% 361 *26% 55 23 % May 97 1 37% *93 A Industrial 103 97 common series Industria 14 37% 97 Indianapolis Power & Light_.No par Electrica De Mex, S A... Rayon r 1 10 15 May 31 36 99 9-% 8% Jan J65 37 % 5 53 % Dec 160 36% 36% 36% *97 preferred 4 76% Jun 36% 36% A..100 ser Illinois Terminal RR Co 3 11% : pfd 4% stock ctfs 33 V* Mar 125% 160 -.20 Co Illinois Power Co 14 Feb 20% Nov 7% Nov *9% Power non^cum conv 40% Mar 18 Joy Manufacturing 12% Jan Kalamazoo Stove & Furniture Co, __l ' 47% 126 *105 46% *123 106 47 127% *105% 46% *122% 47 Vs 127 *15 45% *122% 46% 126 *105% 106% 46,% 47 124% 125 *15 106 47 125% 49 40 2,800 47% 12,500 108 10 126 48 48 50 50 108 Va 108% 108% *108 109 *108 109 *106 109 109 180 180 *170 180 *170 180 *170 180 *170 500 109 180 48% 108Va *165 100 s 180 48% 48 48 48 49% 49% 5,100 220 10 28% 29 Vs 28 % 28% 29 29% 29 29 % 28% 29 Va 29 29% 82 V* 83 82'A 82% 83 83 83 83 83, 82% S3 400 30% 31% 30% 31 30% 31 Vs 30% 31 30% 83% 30% 30% 31 10,300 11% 11% *10% 11 Vs *10% 11 11 11 Vs 99Vs .*98% 99 Vs *98 Va 99 Va '*104% 105Va 105% • 13,200 K 11% *89 Deo 21 May 8% Jun 30 Nov 93 May 94% Jan 12 100% Feb 11 8 Kansas 98 Va Dec 23% Feb 48% Oct 48% Mar 60% Jun 101% Dec x34Vi Feb 52 Jan 24 102 Aug 22 105% Nov 2ft 49% Dec 14 18 20% Feb 16% Dec May 26 Va July 22% July For footnotes see page 62% Dec 21 14% July 25 13% Deo 3 17% Nov 9 10% Jun 1 14% Jan 7 17% Jun 23 23% Dec 12 19% Dec 12 xl3% Jun 20. 13 3.8,0% 4% City Power & Lt Co— preferred .... cum Kansas preferred.— 10 100 —100 City Southern com__No.par *98V* 47 106 47 106 *105 47% 47% preferred——100 47,% * 60% 62 60 % 60% *60% Kansas Power & Light Co com_8.75 16% 16% 16Vs 16% 16% 4% ®on-cum Kayser (Julius) & Co 5 Kelsey Hayes Wheel couxv class A.i Class' B__„ 1 ; 11 11'/a 11 11 . 1,600 , 1 - 47% 62 *98 Va 106 47% *60% 99% 106 48 62 16% 16% 16% 13% *98 Va *105 47% *61 16% *13 13 Vs 13 Vs 13% 13! a 13% *13 Va 21% '21% 21 21 21% 21% 21 Vs 21 Vs 20% 171 17% 17 17 17 Va 17% 17 Va 17% *17% a *13% 99'Vs 106 48% 62 *98% *105 48 Va *51 99 Vs 106 110 48% 4,403 100 31% 16% 16% 17 16.200 13 Vs 12% 13 800 21 17% 20% *17% ?i % 17% 1 1,200 THE Number 4875 171 Volume COMMERCIAL Range for Previous Lowest Highest , t per share $ per share 42 'A Feb 60% Nov 51 Apr 12 y8 Dec 16% Oct 19 Feb 24 May 11% Feb Jun 6 56% Jan 12 39 Jun 20 48% Nov 5 11% Feb 25 16% Nov 9 17% Jun 15 25 90 Jun 14 10 % J un 14 Jan 62 Oct 25% Jun • % Dec 3 ■ 107% Dec Kennecott Copper Kern County Land 4% 29 Mar V* 75 Dec > 16.% Dec. 15 37% 89 NOV Feb 39% 90 % 95% July 32 45% Feb 58% July 40% NOV 49 Feb 4% 4% 16 43 6% May 42 5 Apr 3% Jun 4 14% May 9% Jun 14 35 47 Mar " 21% Dec 99 Feb 4% Mar 8% ?3 4 45% Dec 17 Lee 29 90% Jan 20 3 11% Jan 10 337/a Jun 13 49 % Dec 29 3% Jun 22% Jan - 98 6 3 3 7 May Jun 15 56% Dec 16 12 May 8% Feb 21 11% De c 17 20 % Feb Dec 8 56% Jun Nov 43% 10% Apr 4 Mar 38% Jan Oct Nov 47 Nov 13% 14 Dec 64 29 8% Mar 30 37% July 27 72% Apr 174% Mar 170 33 91% Oct 13 Feb 14 Jun 15 x6% Jun 13 52% Jun 17 19 Jun 14 14 13 33% Oct 13 % Jun May 17% Dec 186 Sep 70 lA May Dec 19 - —... 10V4 Jan" x67 7 14 Dec Lehigh Valley RR Lehigh Valley Coal 65% Jun 14 Jan 24% Jun 16 % Feb 5 25% Dec 31 Dec 20 % May 14% Jan 3 18% Aug 5 30% July Jun x60 Jun 78 76 8 15% Jun 6 19% Jan 3 Nov 158 Jun 23 Nov 25 Nov May 108 109% *108 69 % 69% 10 29'/a 100 *60% 58 % 4 Pesos No 11 700 70 70 69% 69'% 69% 70 110 29 29% 28% 29 y8 29 29% 28% 29% 95 94 94. 94 94 95 95 40% 41% 41% 42 41% 42 41% 41% k 4,700 60% 60% 60% 60% 60% 60% 60% 60 60% 60 60 1,300 59% 59% 59% 59 % 59% 59% 60% 60% 60% 60% 60% 3,200 7% 27,600 7 6% 22% 7 *4 47 11% 11% 11% 47 46% 46% *46 24 43 *23% 23% 22% 23% 41% 22% 95 7% 8 46% 47 5% 2 5 '/a 5% 2% 2 18 6 6 No par 23% 23% 23% No par 64 64 63% Libby 41% 41% 23 Vb 23% *41% 23 >/8 95 *93% 11 % 160 4% 22 11% *46 47 1,300 11% 2,100 10 47 47% 4 7'/a 5% 5% 5% 5% 2% 2% 2% 18% 18% 5% 5% *5% 6% 54% 55% 55 11 11 23% 23% 23% 63% 63% 63% 54 6 54% *10% 11 23 % 23% 63% « *10% 22% 03% 69% 7% 7% 8 *36% 36 % 36 % 37 *36% 37 37 37% *86 87 86 86 86% 87% 87% 87% 86% 185 185 185% 185% 185% 185'/a *43 46 7% *37 1,800 5% 9,400 2% 18% 2,600 18% 1,500 6!/8 1.000 55% 55% 7,100 10% *6 800 11 10% 23% 23 23 2,700 63% 63 63% 5,700 7% 10,500 7% 7% 7% 8 47 % 5% 18 'A 57/8 4,700 *2 2% 18'A 10 8% 47 Vh 5% 2% 900 95 8 47% 18'A 7% 23 *93% 95 47% 41% 900 8% 2 • 41% 42 47% 1,400 22% 23% 8% 22% 23 23 8% 54% 7% 22 8% 5 8 *4 8% 7 ; Corp. 4% 18% 6 % Glass 22% *93% 5% • 18 6 23 95 47% 2 18 % 11% *46 23 8 5% 11 % 47 23 41% 95 3 18% 11% 22% 1 7 22% *4 , 22% *46 23% *22% *93% 47% 7 7 4% 22% 22% 4.300 * 42 42 23% 22% 97 8 6% *4 4% 23% 11 11% 47% 7 6% 4% 22% Libby Savers 15% 94 Libbey Owens Ford Life 15% 41% 10% & 70 15% 29 'A 10% McNeill 110 94 43 1 69% 69% 15% 28% 24 par . 108 % 35% 41 *4 "46 25 69% < 108% 15% 16 94 1 com 69% 04 *22% 50 15% 16 29% C% Mex 109% 15% 41 41 * * 95'% *94 10 *107 11% Liggett & Myers Tobacco 7% preferred Dec 131 Jan 23% Jan Co 37% 800 86% 87% 3,900 184 % 184% *37 37% Loire Star 4 Dec 31 Louisville 31% May 31 41% Jan 11 Lousville 20"% Jun 25 % Sep 14 95 Jan 14 Oct 20 15 Jun 13 32 100 21% Mar 30 4 % % 8% 45% 8% 45 45 % m 8% 185% "45% 45 120 400 46 8% 8% 8% 8% 11,600 ' (M) pfd 64% 63% 63% 65 64'/a 64 'A 64% 64 Va 500 30 29% 30 30 30% 30'A 30% 30 30 % 30 'A 31'A 14,600 20'A 19% 20% 19% 20 19% 20 l/e 19% 19% 19% 19% 2,900 *73% 75% 75 VB 75 % 25 24 % 25 12,300 17% 17% 17% 12,600 *64 *73 75 74 74 25 25% 24% 25% 25 25% 241/4 25 24% 17% 17% 17% 17% 17% 17% 17% 17% 17% No par., 75 *73% 75 *74 75 75% 75% 76% 75% 76% 76% A__No par 77% 76% 76% 22% 22% 22% 22 % 22% 22% 23 23 23 flO 23 26% 26% 26% 26% 26% -26% 26 26'A 25% 26 common . -—100 (Ky) No 172 172 172 172 *172 173% 173% 173% 174 31% 31% 32 32 32% 32 % 32 % 32% 32 36% 36% 36 36% 36 % 37% 36% 37 36% 1 25 24% *98% 100 *98% 10 . 25 100 ' 19% 20 19% 24% 24% 19% 2^ 25 *98% 99 99 20 25% *98% 20% 20% 25% 98% 93% 20% 20% 9,700 80 20% 31% 32% 1,600 36% . 25% 99 1,300 26% 17'4 174 37 3,300 23% 25%. 32 50 200 77% 77 *23 174 par & Sons Inc com Co 65 1 series A_. Steel 65 100 - Gas & Elpc Go & Nashville Lowenstein Lukens 8% *184 19% _No par Cement Corp dumber. (Md) (P) Co preferred 7,% 8% 45 29% preferred Lorillard 21 *63% 8% 45 No par . com j. Long Bell 46 8% par" No 185% *4.3 87 _No par T conv 14 *183 5 Lockheed Aircraft Corp Loew's Inc 20 17.2 % Dec 14 100. No par Corp Co 3%% 25 n-, Lima-Hamilton 25% Oct 28 comu Lily Tulip Cup Corp 50 Jan 109% 16% 109 *10% Dec 24ya *107% *15% 55% Feb Dec 6,100 *106% l No par 54% 37 Nov 25 55% 20 17 3,500 25% 24% 100 55 % 4 91 18% 1 ' 153 35% May 98% July 18'A 5 27% De* 4 Sep 138 18% 25 Lehman Corp (The) Lehn & Fink Products Lerner Stores Corp H Jan 21% 17% 25%) 1st preferred—No par non-cum 2nd pfd _No par Oil 14% 68% 18% 25 non-cum Lion 13% Feb 17% 25 (A No par No par Liquid Carbonic Corp Jan Jun Feb 17% 24% 0 14 23% 85 Nov 17% 25 1 20 Dec Dec 18 17% 24% Co Beit 15% 57% 17% No par pfd—75 Link 68 y4 xl8 17% 24% 23% 12 49 ' Jun —,— 17% 24% 4 • mm — 14 34% Jun Jan 91 33 55% Mar 4 6% Jun • 1 157 8% *4% Jan " 31% Mar 82 26% Sep' 28 25 2,500 26,600 No par *93% 50c Dec Jun 46 3 12 8% 26% 54% 46 10 8V4 Jan 56 Feb 54 46% 100 $3 Feb ;x41% 53% 46 & Sons Co corn 8 15 53% 46% cumulative preferred 12 41% 4% Jun 54% 46% Tire (James) *3.85% Jan Jan 13 53% 46 % Lehigh Coal & Navigation Co Lehigh Portland Cement 24% Jan 5% Jun Lees May' 24 5% Jan 13 1% Jun 15 53% 45% ... Co & Shares 53 (The) Rubber for the Week 53% Bryant common % % preferred 4 Jan 4 Sales 20 45% —No par Light Lane- Wells Jan $ per share 52% Lane 19 Friday Jan. 19 $ per share 45% ; 6% Oo 19 4% July 16% Gas Thursday S per share 45% common-.—.- & Co Consoiid Lambert 47 Qv'; 26% J.an 26'A July 10% May - Laclede La 7 Jun Jan 11% Dec 6% Jun Dec 19% Mar 1 8 It <Jun 1 Jun 39 21 „ 14 13% May 30% Mar 26 Jan Jan 3n 26% May Dec 10 Oct 6 22% Dec 19% Jun 43 May 90 1% 8 10 17% Jan S per share 53% ] (S H) S per share No par ;1 Kress Mar 5.3% May 29% May Inc Kroger Co (The) 12 Oct Co preferred 16 24 25% Aug 'U 27 Dec 9% Mar 4 Kresge (S 8), Co.." 60% Dec 4% Jan - 14 Koppers 26 6.2% Dec Dec 17 Jan Dec 1 per share 45% iQ. R) Co common $5 pxlox preferred 3 Jan Jan. 18 52% preferred— 14 48% Feb 1 Oct 98 43 Aug 11 Wednesday Jan. 17 __5 , 7 PRICES Tuesday Jan. H» .No par Co Kinney 7 31% J.an 20 x35% Feb Jun 7.2% Dec Mar 18 2nd conv SALE Monday Jan.14 Keystone Steel & Wire Co Kimberly-Clark Coxp com 29 HIGH AND (371) Saturday Par ! 63 CHRONICLE LOW STOCK $ per share 40 ' YORK EXCHANGE 104% July 14% Jun Oct 92 NEW Highest I per share Oct 40 Ya FINANCIAL STOCKS Range for Year 1949 Year 1948 lowest & 37% 7,200 25% *98 25% 3,300 60 99 20% 20% 3,800 Range for Previous Year 1948 Lowest Range for Year 1949 Highest Highest $ per share NEW Lowest S per share t per share LOW YORK STOCK AND HIGH SALE PRICES Saturday Monday Tuesday Wednesday Jan.11 Jan. 16 Jan. 17 Jan. 1H Jan. 19 Jan. 20 i per share Iper share tper share t per share EXCHANGE S per share Par I per share $ per share Friday Thursday for Sales the Week Shares M ■ 27 M 30 42 Dec 15 MacAndrews Jan 10 139 Oct 25 .Jun 9% Jun 14 397/a May 27% Jun 22 95 % Jan 6 Dec 40 Jan 129 Oct 142 Feb 13% Dec 30% Mar 94% Dec 10 Nov 27% 103% 131 Jun 15% 31% Apr Apr May Feb 24 7/8 9'A Feb 21 Dec 5 Dec 525 Apr 430 Sep 6 6% Nov 7 10% Dec 13% Dec 26 Jan 5% Feb 10% Jun Jun 15% 18 Ye Mar 6% 14% 15 Feb 22% Dec 92% Dec 9% Nov 11% 47% 8 7 13 19% Jan 9 11 Dec 3 15 % Aug 30 Square Magnavox Dec 17 Mandel 18% Dec 30 Manhattan - Marathon Dec 8 y8 Dec 13 7 Marine St 5 104 14 Dec 12 6 11 Apr 13% Jan 12 10% Feb 39% Jun 13 59 27 11% Jun ' 13 170 47% Apr 38 Jun 93 Jun 89 Jan 4 48 179 1 84% Mar 84 Feb 93 Jun 89 Jan Aug 85 Jan 80 Feb 23 8% Dec 12% May .* 30 7 27 Marshall 7% 98% Dec "8 98 May 25 • Dec 27 88 28 17 Maytag 45 21 $3 Dec Sep 12 $6 25 J.an 10 Feb 36% May 30% Mar 23 110 Jun Jan 90 * Dec 24% Jan 15 Dec 80% Mar Dec 46 % 20% Dec 25 11% Dec iy '/8 . 47 Feb 24 41% Jan 3 May 19% Feb xl3 23V2 May 96% Jun 31'A 4 14 30 % Jan Jun 15% Jan 92 % Jun 24% Jan 29 % Jun 24 May 52% May 35% May 98% Jun Apr 21 9 4 41% Dec 30 3 102 % Dec 2 12% Jun 13 %. Jun 7% Mar 30 14 21 27 Apr 28 90 Jun Jan 3 105% May 25 Dec 27 31 15 4 23 Dec 20 13% Jun 8 49 Jan 22 15% July 25 8% Jam 20 Corp 4%% '4% Shoe Menge! Oo 5 %■ 43% Dec 14 99 Dec 22 $3.50 130% Dec 15 $4 Merck & Co 13 Mesta 23 105% Oct 18 110 % Feb 19% May 69% May 8% J,un 14 14% Jan 8 37% Jun 14 48 Oct 19 18 July 27 14 % Jun 18 Jun 87 Nov 54% Mar 98% Oct 10% Mar 98 May 78 May 105% 18% Jun Jiily ■ Vb Jun 6 14 124 V2 July 14 10% Aug 2 7 % Jun 15 43% Feb 87 Mar 66 % Jun 104 Jan 10 23 % Jan 20 40 24 Middle Midland 139% Mar 12% Jan 12 Jan 3 25 12 63% Nov 21 7 101 Nov 22 10 101 Dec 14 4 108 Dec 8 se^ psge 10% Jup 13 14% Jan 15' 15 80 Feb 25 16 22% Nov 20. 9 8% 3.20% $4 & 8% 25% $1.50 2nd 8% 8% 25 9% 12% *500 8% *9 13% 550 12% *500 3% 9 v.: 13 18 8% *8% 8% 25% 25% *10% 25% 103% 103% *103% 10% 10% 10% 11 10% 11 10% 11 12% 12% 12% 12% 12% 12% 12% 12% 58% 53% 56% 58 58% 59% 59 15% *15 48% 48 * *15% 47% *175 47% 9 19% 25 103 % 8% *18% 9 *19 103 % 103% *103 % 103% 59 15% £15 43% *9S 47„, *175 178 99 9,9% *98'/a 99% *98% 88 89 89 88 89 *83% 90 *88 % 12% 12% 12% 12% 12% 43 % 42% 42% *42% 43% 43 *56% *39. 112 23% 34% *110% 23% 112 23%. 102 *98% *110'/a 23i% 99% 112 23% 57 25 24% 15 *14% 15 17% *25% 26 V2 11% 12 Vs *42% 44 *14'% 14% 8 40% No par *95% 98 No par *119% 123 *39% * 108 % 21% 39% 18% 29 100 SS Marie Regul *133% 135% No par 13% 13% No par 3 com series A— Mfg common 100 No par No par Co preferred _ .. 14% 79% 25 *21 23 % . .200 112 .... 23% 34% 34% •*34'A 34% ] 03 % *102% 103'A 47% 46% 31% 30% 31 39% *14% 39% 39% *100 *21 57 *56 39% 24% *24 24 15 *14% 14% 25 % X25% 26% 17 39% 'A 25% 17% 55 Va 39% *100 26 25% 17 *85% 56% 39% 101'% 36% 47 10 1,200 800 130 3,600 31% 800 17'A *100 101% 56% 1,000 39% 1,500 101 Va 100 *23% 24% 300 14% 14% 200 17% 3,500 16 A 17'A 86% 67 *89'A 90 36% *35 Va 36 Va 200 2b % 26% *26% 26% 4,300 12% 11% 12% 11% 12 3,400 42 42 *35% 17% 270 ' 11% *411/2, 11% 44 11% *41 % 12% 44 12% *42% 44 42 42% 14% 14'A 14% 14% 14% 15 15 15 *7% 7% *7% 7% *7% 39% *95 % *118% *21 39% 13% 40 98 41 40 40% 40 7% 40% *96 98 98 98 121% 120 120 *120 123 21% 21 21 39% *20 Va *39 Vb 39% 103% 103% *108% 13% 14 39 Va 104'% *108% 110 14% 14 Va 41 % 40% 21 7% 40% 7% 123 104% 41 7% 123 14% - ' *% 40% 1,400 100 41 8,200 8 124 21 2,600 39% 1,100 *20% »A 39% 39% 104% 8 *7% 20% 104'A 70 14% *122 V2 20 V2 39 Va 110 7% 104 100 Va 105 Va *108% 110 14'A 13% 14 14 14 Vs 41'% 40 '/a 41 41 '/a *108% 150 250 110 3,700 41 Va 41 Vs 41% 5,700 18% 19 18% 18% 18% 18% " 18% 18% 18% 18% 48,900 *28% 29 28% 29 29% 30 29% 29% 29% 133 29% 133 133'% 133% 133 % *133 134 133 134 134 2,000 .130 13% 14 14 14 % 13% 14'A 14 14'A 13% 13% 8.000 10% 11% 11% 11% 11% 11 11 11% 11% 1,900 *99% 991% 99% 108% 107% 14% 23 Va 44% 46% 87 10% 1 112 *12 110 2,600 •'102% *35% 64 100 common preferred *42 100 12% 47Va *85 Va 11 *108 35 12% 103% 36 64% 100 23 23% 87 11 99'% *110% 38 64% 100 112 17 104% 41% 43% 36 110 18% *42% 87 *108% 29 43 17 110 41 Va ~ 12% 86 *103 13% 12% *34 104 % *13% 10 56 % 25 24% 15 *103 57 101 1 B *5,6% 101 86 5 56% 39% 36'A No par 31% 101 % 24% *21 3,1% 39 *85% No par 56% 15% 40% 34% 103% x47 *101 *35 1 23% 39% 25% *7% *110% 101% *15 17 *31 43 *08% _ *24% - 320 90 12% *101 . 10 3,200 99 88 31 50, 3% 1,200 178 47% 30% -No par 2,900 99 30 Va 50 120 4,300 99 30% — *175 98%. 1 Inc 178 15% 47 34% common *175 59% 49 99 103 Va 100, Petroleum 15% 48% 47 % 46 B 59% 15%' 98% 341% 100 178 59% 49 % 47% *102'A series 2,300 47% 45% pfd_100 9,300 12% 98% 34% No par 3.90% 10% 12% 98 % 102% Co 10% 12% 47 34% 50c 10% 12% 47% 45% . 10-A 99 102'A , 103% 99 45% 1 Inc 670 5,900 *102% 12% 34% , 8,800 103% 103% 99% 102 18 * 25% 47 45% , —10 Co 9 19% 25% *42% _100 — 1,900 3,100 89 *22% B 178 600 8% 26% 12% *110% 00m 48 % 3,800 9% 18% 8 25% 9 58% 93% 8% 26 8% 9 *9 *18% 19 15 % 98% 9% 18% 25 48 % 46% 9 550 *8'A ID 15% 47% 43,800 13% *500 9 25 4o% 178 13% 13% 550 19 15% *175 1,700 25% 47% 178 1,400 16% 25% 15% *88 1 9 19 10% 25% 48 99 *98% 8% 200 105 10 25% *18% 100 16% 8 8% 26 »'•',* 10% *9 9%-' 900 1 16% 8% 18 % 8 25% 12% *500 8% *9 18% 16% 550 8% *18% 18% No par common conv 18% 8% *10 8% Co Co Minneapolis-Moline1st *9 13% 550 *8% *104% i 24% common pfd 12% *500 87/s *8% No par preferred $5.50 13% 550 105 *18% series) Prod conv Min 16% *104% 9 preferred Minn-Honeywell Minn 10% 16% 104 % 19 preferred & 10% 16% *25% No par4 No par Utilities Steel P 10% 16% 25% Mines. Edison South St 10% 16% 8% B Minneap & St Louis Ry Minn 10% 16% *500 100 Co preferred 1st 104% 10% 1 Trarvsp Mid-Continent i 5 Dec 104% 10% 16 12% 50 Copper 18% Dec 16% Jun footnotes 4.35% Miami *104 32% 16 100' (lsj; series) Machine 34 67% Jun For 105 104% ' 32 10% 1' Mfg Inc Metropolitan Apr 105 *104 No par preferred Merritt-Chapman & Scott Dec July 2,200 g 19 Corp 2nd 104% Dec 56% 32% 32 1 preferred conv 3 Nov 32 -No par Stores 20 42% 32 Corp, Mercli & Min 97% Jan May 32 No par convAst Mercantile 30% Jun 14 31% No par (The) 104% May 106% Dec 16 31% Co (1st Melville Nov Nov 32 24% common 92 9 % Mar '31% 5 Publishing pfd Jun . 29,900 — pfd 2nd 44% 11 13% —* Norris Dec 140 13% 1004 Porcupine 35% Dec 13% Co1 preferred McLeliah-Stores Jun - 13.% No par $4 27% 1?8 13% pld com McKesson & Robbins Inc Feb Feb 13% Corp com—preferred McGraw-Hill 17% Feb 13% -1 preference cum Mclntyre Mead 3 34% Jun Nov 13% 6.23 common.; conv 17% Jan 14 60% May 3 % % MoQuay 7% Jun 18 13 13% McGraw Electric Co 17% Mar 11 20% Jan Jan 38 %, 13% 9% Corp McCrory Stores 16 May Nov 1st 11 93% Nov 8% 101% 10 13% _No par No par Go Chemical Co 25 34'A Oct 12% 21 60% Nov Jun 95% 34 16 Dec-13 45% Dec 28% Jun May 62% May Nov 36% Dec 100 12% July 14 70 % May 25 Dec 85% 138% 18% McCull Dec *136% *9% preferred 113 Feb 138% *18% $3,75 cum pfd $3.40 cum pfd—' Dec 12% Dec 5 Jan *136% No par1947 series—No par 19% Mar 22 18% 138 % Is Corp preferred Jan 29% 138 % Dept Stores common $3.75 preferred J. : 41 % 87 138% May Dec Jan 31 *136% 5 L) Electric Mathieson Aug 16 23 & (Glenn Master 21 Dec 138% preferred Masonite Apr 41 *136% 1 Martin-Parry Corp 110 42% 138% ... Corp 6% prior Ry Field \ 14 % % Martin ' '7% Jun 27 Jan Dec 7 Dec 49 11 77% Dec .'19% Jan 34% July 12 Feb 15 35% Mar 101 % *J36% Midland Market Oct Jan 40 % Oil Exploration Corp 4 Jan Nov 40% 39 -No par 30 45 88 13 39% Shirt 18% Oct 7% Jun 27% May 23% Mar .12% *38% (The) 24% Dec 176 29 12% *3,8% 12% 39% *12% 39% —100 Bros Maracaibo Dec 25 12% *38% ' 14 29 Nov 112 12% 39% No par 10 — Co " 1'2% *38% No par Mahoning Coal RR Co Manati Sugar Co_* 28 95% Jan ,A '' iM % a Garden Copper 25 Feb 43% Magma 525 Mar 25 6% Jan Jan Dec, Madison 10 10% Apr 18 33 22 Jan *38 Va *12%: Inc——..—— 16% Mar 18 4 69% July - Jan 10 27% Xl65 10 (R H) Co Inc com 4,% % pfd series A 20 12% 12% com. Macy 13 Apr 19% ■ 100 Forbes & 19% Apr 29 Sep Feb 6 22 6 % Feb May Dec Working Co Trucks 17% Jun 29% May 103 % Jun 22% 33% Jan 104% Dec 24 13 Wood preferred Mack % Feb 24 15% Jun Jun 17% Jun 6% 10 23 Jun & M • 25% May Dec 15% Jan 8% July 27 : xl6% 490 6 14% Oct x35 % W- ■ 9% Jun 64% 100 99% 108 64% 65 65 Va 100 100'A 100 100 100% 9.9 107'% *106'% *106% 66>%, 100% 101 107'% 14% 14% 14% 14% 14% 14%' 80 80 80% 79% 79% 80 80 21% 21 21 *20% 21'A 21 21 66 66 65% 66 3.900 100'/a 1001/8 100'/a 100% 650 98% 98% 98 Va 2,900 *106% 107% 98% *106 Va 14% *80 21% 107% 50 14% 15 15% 8.900 81 80 80'A 140 21% 21% 21 VB 400 '15 16 COMMERCIAL THE (372) 4274 Lowest Highest Highest Par 13 % Jun 38% Jun 14 B4% Jan 8 Mission 13 10% Oct 20 Mission 9% July 3% Jun 13 July 15% Jun 14 73 Va Feb Feb 34 6 Jan 7 26% Mar SO 5% Aug 16 3% Aug 16 7% Mohawk Jan 25 Jun 8 Jan 20 15% Jun 9 Jun i3 12% Dec 9 Mojud 22% Dec 21 % Jan 4 26% Nov 7 Monarch 45% Not 29% July 61% May 99 % Deo 105% Mar 9% Deo 47 % Mar 10% 4 57% Dec 14 101% Jun 14 114% Dec 103% Jun 18 113 Dec 16 14% Deo 12 Jan 4 47% Jun 13 10 Oct 66 May 10 Deo 17% May 10% Jan S 20 Not 27 16% Jun 29 11% Jan 21% 20% Jan 29% May 19 Jan 59% Mar 29 13% Dec 23 31 Motorola Motor Products Motor Wheel 4 16% Jun 8 27 % Dec 31 14 23'A Dec 14 5% 25% 24 V4 25% 24% 33% 11% 25 25 Co 5 55 No par *109 com • 5% 55% 112% (John) Shares 47% 47 47 % 47 47% 10'a 10% 10% 10% 5,700 5% 5% 10% 5% 10'A 5% 5% 14,100 26% 25 "2 257/a 26 26% 45,300 7,600 3,000 47a 47a 47a 4% 4% 47a 33% 33% 33% 33% 33 % 33% 33% 33'A 600 11% *11% 11% 11% 11% 11% 11% 11% 11% 1,100 *24% 25% 25% 25% .25 % 25% 25 25 25% 25'A 800 56 % 113% 56% 8,400 114 113% 200 113% 4% 5 4% 34 55 5 55% 55% *109 113 *111 112% *112% 113 113 55 56% 56% % 113 115 55% *111 113 113% 56% 800 113 % 113% 8 *12% 13 12% 13 13'/4 13% 13 % 13% 13 13 13% 13% 3,000 No par 55% 56 55 '/a 56% 55 % 56% 55% 56% 55 % 56% 56% 57% 19,600 Co Lines & for the Week 11% *33 113 No par Jan.29 t per share 25% 25% 5 Sales Friday 19 5% ■ 10 9% Jan. S per share 47 V4 5% 47% 47 *113 113% S 14 14% 18% *18% 19% 19 19 19% 20% 27'/4 27% 27% 29% 29% 30% 28% 30 'A 28'A 28% 27% 28 28 28% 28% 23 23 23 23 23% 23 % 23% Inc Corp 113% 14% 18% No par Co 13% No par I 7 12 Jun 5% No par Utilities Moore-McCormack Morrell 10 11% pfd series B conv 48 9% 5% 33% Montgomery Ward & Co Jan 26% Dec 14 Deo $4 47% 5% Thursday 18 Sper share S per share 10'/a —20 1.20 con $3.25 conv pfd series A Montana-Dakota Jan. 48 24% Tool Chemical Monsanto 15 Apr 112% 45% Jan May 122 Wednesday 10 100 pfd_10O Co Machine # per share PRICES SALE 17 Jan. 48 5 % Mills Inc Carpet Hosiery HIGH Tuesday 1 A Missouri Pacific RR 5% 44 8 per share No par com series preferred Dec 35 RR AND Jan. 16 Monday, January 23, 1950 10 Corp Development Co Mo-Kan-Texas Feb 9 Monday Jan.14 $ per share t per share $ per share Saturday EXCHANGE 7% Jun Feb 4 CHRONICLE LOW STOCK YORK NEW Range for Year 1949 Year 1948 $ per share FINANCIAL STOCKS Range for Previous Lowest & 13% 14%, ' 14% 14% 14% 14% 14% 1934 19% 20 20 1,100 28% 30 29'/a 30 34,500 29'A 28% 28% 28 % 28% 23% 14 % ' 15,000 6,100 Deo 23 May 23 23 Va *23 23% 15% Deo 24 Jun 11% Jun 1 17y4 Jan 8 Mueller Brass Co 1 *15% 16 15% 16 15% 16 16% 16 16% 16 16 % 1,800 13% Not 16% Oct x9% Jun 13 14% Jan 7 Mullins Mfg Corp 1 12% 12% 12% 12% 13 13% 13 13% 13 13 % 13% 13% 6,500 10 Deo Jan 7 Munslngwear 8 10% 10% *10% 10% 10% 10% *10 10% *10 10% 33% Feb 40 May 38% Feb 17 50% Dec 30 49% *49% 107% Jan 112 Jun 108% Oct 19 12% 14% 15 % Jun 9 Oct 8 Dec 11 4% % 15% Dec 31 34 Deo 43 Jun 30% Mar 22 39 Oct 11 Deo 66% Jan 41 B1 Jan • 14% Mar 21% Jm 10% Jun 14 17% Dec 31 Sep 17 10 Jan Jun 14 July 1 I Inc Murphy Co. 112% Mar 17 60 Corp (G C) Murray Corp of America 4% 1 49% 49% 49% 497/a 49% 100 110% 110% 110% 110% *11034 common preferred lo com preferred Myers (F E) 15% 80 36% No par & Bros *43% 15% 36% 44 15% *36 15% *16% 111 15% 15% 37% *36% 3 71 44 44 ♦44 50 *111 % 16 15% 15% 37 a 37 45% 45% 50'A 50 111 111 45% *36 7 111% 15% *10 1,300 10% 200 50% 440 15% 15% 3,800 111% 50 111% 4,800 8 37% *37 37% 200 45% 45% *45 47 300 N Naah-Kelvinator 20 Feb 32% Sep 22 Jun 13 32 V2 Dec 31 Corp Nashville Chatt & St Loula 18 Dec 29 Jan 17% Jun 14 24% Dec 19 National 4% Sep Jan 3 9y2 Apr 4 8% Feb 10% May 13% July 9 % Jun 13 17% Mar 10% Jun 28 Jun 30% Jan 3 9% Nov 29 Mar 26% 48 5 July Feb 32% Oct 162% Oct 176% Jun 5% Not 32% Deo 6 Feb 9% Dec 10% Mar Deo 36% Nov 28 5% Jun 5 Not 13 87/g Aug 19 9% Jan 8 Jun 13 9 % Jun 21 17% National Aviation • Jan 12 14% 30 41 13 14% Aug 24% Mar 13% Dec 14 4% Jun 9% May 13% 13 30% Jun Jun 13 12 Jan 11 39% Dec 8 % 8% 8% 8% 8% 814 8% 8% 814 National 17% 17% 17% 17 la 17'A Biscuit 7% Ine 1 Corp Battery National Fibres National 13% 13y2 12% 13 4 *38% 39% 39% 39% 40 40 38'/2 38% 38% 39 38% 39% 100 Can Corp Cash Register 10 7%. 7% 7% 7% Ne pax 37% 37% 36% 37'/a National City Lines Inc 1 8% 8,400 1 7% 7% 7% 8'A 8 14 8% 8% 8% 814 8% 13,700 1 11% 11% 11% 12 y8 12 12'A 11% 12 Va 11% 11% *11% 11% 4,100 Co Gas Co 39'/a 1614 16% 2,900 17 % Jun 13 22% Dec 30 National Distillers 22% 22% 22% 22% 22% 23% 23 23% 23 2314 23 Va 23% 23,500 14% Feb Nat 10% 2,700 Apr 135 4 152% Dec 27 Feb 5% Mar 10 7% Dec 5 15% Feb 24% 19y2 Dec 31 A Deo 1 Jan x% Jun IB 19% Not 26 May 19% Jan 21 26 114% Oct 73 % Jun 26% Jan 21% Feb 16% Not 26% July Not 94 21 Not 10% Deo 30% May 15% May 9% Not 12% Jan Jan 14 Jun 80 % Jun 13 Dec 38y2 Dec 19 Enameling & National Gypsum National Lead Co 6% Malleable & Natl Power Lt Steel 19 18% 18% 18% 18% 95% 9514 95% 95% 96% 490 10 35% 36 35% 36%, 36% 37 36% 37 37 37% 3714 37% 4,900 *181% 184 *181% 18214 *182% 18314 *151 152% 7% 1 ex-dlst 13 95 y2 Nov 25 National Steel 2» 28% Dec 8 National Sugar Ref No par Corp 28 Co No par 4 38y2 Dec 14 National 12y8 Apr 20 Natl 9% Jun 20 13% Not 1 t per share jab 13% Mar 30 Nehl 10 May 12% Jun 10 14% Dec 30 Neisner 104 Jan xl0l% Jan 12 104 V2 Dec 6 x27% Mar 38 May 9 % Jan 29 t Mar 28 39 Va Nov 21 Feb 98% Jan 03% Jan I 102% Oct 27 8 Not 12% Jan 8% Jan S xl 1 Va Dec 15 New 102 'A Dec 22 94 Mar 21 Aug 64 July 26% May 42 90 Va Jun 65 Apr 34% Oct Jun Co Feb 92 Feb 144 July July 16 17 23% Jun 14 80 Apr 12 Newport News Ship 24% Jun 14 Jan 12 New 9V4 Jun 13 7 New 13% Jan 8 102 % Dec 16 13 142 Dec Apr 10 Jun 20 14 y4 Jan 8 27 Jun 20% Jun 6 30 Dec 31 1 Jan 61 Jun 48 Feb 14 61 Jan 250 Mar 205 Dec 21 250 5% Jun JUB Dec Mar 9 13 9% Jan 21 Jun 14 33% Jan N 19% Apr 7 Y New N 48 y4 Sep 88 Jun 86 Jan 20 53% Dec 23 I 96 y2 Nov 18 1' <i % % 7,600 24% 2414 2414 300 88% 89 y2 8914 90'A 8914 8914 89 89% 4,000 *26% 27% 27% 2614 26% *2614 27 27 27 1914 *19 *19 16% 16% 16% 79% *79% 80'A *36% 37'% 37 37 3 7'A 37% 37% 37% 36% 37% 36% 37 1,200 *1214 12'% 11% 12 11% 11% 12% 12'/a 12 12 12 Va 12% 1,100 *10% 11'/a 11'/a 11'A 11 11% 11 11'/a 10% U 11 11'A 2,700 LOW St HIGH Wednesday Jan. J 7 Jan.18 f per share 10% 11 I per share 10% 147a 147/a *14% 103% *101 % 100 & Dry Dock *37% *101 11% 39 102 11% *103 107 65 65 13 *66% 13% 101% 11 65% 12% 68 *66% 28 267 29 29 *28% 12% 15 a 12% 11% 11% 37% 37% *101"% 102% 11% *103 15% 103% 38% 38 *1013A 102% 11% 11% 11% 107 *103 107 1174 7,300 *1578 15% 1,600 *101% 103% 38 11% 38 *101% 11% *103 102% 11% 107 6 4'A 64 % 13 % 13% 13 13% 67 67 67 67 67 64% 11 % 3874 102% 10 11% 11% 21,700 107 *103 6474 13'A 27% 27% 27% 28% 29% 5,500 29 29 29% 29 29% 2874 29 23% 29 2,700 12% 12% 13 12% 13 12'A 12% 12% 102 105 106% 107% 106 107 106 106 % 103 139 139 138% 139 137'A 138 '/a 13774 137% 138 City Omnibus Corp Nopar 15% 16 15% 15% 15% 15'A York No par *34% 40 *34% 34 % 34 Va RR Nopar Co Y New Haven & 18 Hart RR Co_10O 63 % 230 *57 *210 15% 15 % *34% 40 15% 36 % *210 63'% 63 % 63% *57 63% 230 . 230 *210 230 series 77'a State Elec Gas & 34 100 300 60 230 774 77a 7% 30% 32 17 7a 17% 17% *17% 17% 5374 54 5374 54% 54'A 55% *96% 97% *96% 98 *96% *86'A 87 *86 87 *86 *93 3 4 94% 8 *31 60 31% 8 2,900 *210 7% 32 15% 63 31% 7% 1,900 *15 '/a 230 *17% 3174 2,900 15'% *60 1 7% 57,100 138'A *210 100 A Shipbldg Corp partlc stock 12% 109% 'A 33% *31 28 5 7o Preferred N Y 7% 7% 7% ___ 6,300 32 % ' 32% 31 32 31% 32 *17% 173A 17% 17% 17% 18 1,400 5574 56 567a 56'% 57 7,700 98 *96% 98 10 87 *86 87 4,100 Corp— Common $3.75 63 Va *210 100 27 3 a 139 preferred 7,100 27% 1047a Harlem 2,100 27% 139 non-cum 13% 27% 104 common 6474 68% *67 10# Dock 800 38'% *10174 100 com for Shares 15% 13% 64% Sales the Week 103% 117a 65 % *60% 29 15% * 13% 13% 67 . $ per share *101'% 64 % 66 Jai Jan. 19 113A 15 % *101 % 15%, 103% 101% 107 28 12% 1174 *101% 11% *103 1 Nopar 11% 15 103% Friday Thursday t per share tper share $ per share 38% *37 No par Co 120 PRICES SALE Tuesday Jan. 16 *101% 1 ' Louis AND Monday 1 10c 10 900 * Jan. I t series A & 300 1614 79%. N Jan 11 *2314 Saturday Central & preferred Y Y 900 % 24% 1 Brake Air York 19'A % *23% 80 Co preferred— Chic $5 N 21 26 21 Y 6% 31 15% Feb 39% July 10% Oct N 19 y* 1 i!r 24% 17 _ 16 *26% 1914 19% % *23% n 16% System 14% Dec 23% 14% Elec 72% Jan Jun 19% 30 1,400 80 common_No par J) (J 14 56 90 89 % 27% 100 30 117% Jun 90 19% 24 % 7% 714 17 common 23 18% July 39 121 19 'A 24 7% 190 153 152 Va 153 80% Jersey Pr & Lt Co 4% pfd_10« Newmont Mining Corp 10 Newport Industries common 1 York 19'% 7% 16% preferred—.— England 4%% *15114 7% 79% _No pai Inc Jun 14 152 714 16% STOCK 9% Feb 67% Dec 152 7% 80 New 99 3%% 152 *7% 16% preferred Newberry 87 152 7% 10 Fibre YORK Bros % 151% 7% 80 Co Corp 4% 151% 16% Par Feb 182% 80% t per share not 43% 89 % 4 $ per share 182 24 *27 EXCHANGE Highest 182 {J *23 STOCKS j Lowest 182 16% 100 Co NEW Range for Year 1919 Highest 182 No par Tea Vulcanized Natomas 19% 184 7,900 *79% preferred 13 7% No par Corp National Supply (The) Pa com—lo 4 Va % 10 % 1814 95 Cast-No par Nati 24 10% 18% 95% 10« Shares Jan 10% 13 Vs 95 "2 Corp National 19% May 18 11% 10% 11 % 11 % 18% 95% common 4 86 11'/a 1814 9514 Service & 11 18% 95% preferred B Linen 11% is1/* *94% com preferred A National 11 Va 1 100 Co 14 1 12.10 9,200 No par 7% 9% Jun Year 1948 19% Stamping Dec 16 Nonar $4.50 preferred 21 y8 Jan Jan Prod Jan 15V8 Dec x80 25 Range for Previous Lowest 81 7% 38% 7% Feb 8 16% 147% Feb 8% Container Cylinder 39% Deo 6% Mar 3,800 1614 not 14% 8% 12,300 35% National 15 20% 8% 7% 35% 39 Va Sep 49% 9 8% 9 110 7% 8 35% 16% 183 200 7% 35% 39% 4 Mar 7% '35% 1614 169% Jan 20 9 8% 7% 35% 185% 39 % Jun 11% Mar 8 37 7% 36 200 11,800 *18414 185 39 Va 16% 177 Deo 8% 184 1,500 40% 39% Oct 12% 8% 185 13% 13'A 38% *39 16% Jun Feb 8% *183 185 39% 39l/a 38 Not 184 1314 4014 39 16% Jan 31 185 13 Va *39%, 39% 39% 39% 14 20 y8 *184 *39 National 29 Feb 185 . 16% 19y2 Dec Not *184 13'A 4014 1314 13% 1,800 7,100 3914 95% Dec Deo *13 • common 17% 17% 16% 13 70 17 39% 14 12% 17 1.600 6,700 1674 7y8 Jun 38 16% 8 8 39 % 86% May 13 25% Apr 14 90% Mar 17 10 Co Co preferred National 17 8% 7,300 Dairy Products No par Department Stores • xll% Jun Not 2414 11% National Deo 9 15% 24% National Jun 12% *15% 24% 11% 29 14% 100 1514 24% 17% Aug 18 96% May $ per share *lc% 24% 17% 20% Not 3314 2414 10 Oct 81% Mar 17% 33% 24% 14 Dec 20 18 33% 24 % 13% Feb Sep 5% 17% 33 24 27 % Feb 15 130 17% 33% 23 % Jun 12% 29% 17% 33 23 % May 22% May 85 162 17% 33 % 23 V4 1 National Automotive 185% Sep 15 7% Mar 19 17% *32 r% 1 National Airlines 23 Aug 28 40% Dec 16 ■ 100 Co„ Dec 170% Mar IB 9% May 48 18 Acme preferred 100 96% 55 96% *96% 97% 87 *86'A 87'A 93 % 93% *93 7 4 *93 3 4 94% *9374 94 7'a ■9374 94% *99% 9974 99 % 99% 93% 99 98 % 9834 98'A 9874 9874 9874 26% 26% 26% 27'A 27% 27% 27% 27 27 27 % 28 Niagara Mohawk Power Corp— 3.40'L 3.60'v Deo 13% 28% .Tun 16% May 4 27% Dec 17% July Dec 36% Jan 2114 Jun 6 62% Not 47% Sep 21 Aug 28% Jan 26 7 2b % JSD 20 14% Mar 17% Jun 15% Jan 3 13% May 8 % Jun 14 20% July 19 11% Jan 7 8 Jan 82% Mar Mar 26% Noma Deo Feb 26 100 Noblltt-Sparks 55 16 —100 preferred 7 23 6% Jun preferred 3.90% 20 preferred 14 Jan 3 30 Dec 13 Nopco 59 y4 Jan 10 Norfolk Industrie# Electric Corp Chemical & 93 Jun 75% July 22 85 Feb 18 Northern Central 25% Feb 36% Jun 31 Jan 14 39% Dec 30 Northern Natural 16% Dec 27% Jun 11% Jun 13 19 y2 Dec 13 Northern Pacific N»rthern States 87/b Feb 78 Aug 103% Oct 8y4 Nov 16 Nov 33% Jan 3% Deo 10% Mar 90 Dec 10 10% 97a 29'A 29% 23 % 2974 *28'A 49'A 4974 49 % 50'A 48 " 49% 487a 4974 21 27 27 10 18% 19'A 1874 1 11% 1174 11% M 80% 80% 80% 80% 10 36 3 6'A 36 36% 36 100 Ry 18 18% 1774 18% 18% 19 'A Co Co Gas Ry Pwr Co *26% 27 10 3,o00 28% 28% 1,400 49 % 497a 10,000 *26 % 27 100 27 *26% 19 18% 19 18 7'a 18% 18% 19% 38,800 11% 11% 11 % 11% 117a 11'A 1174 15,800 81 % 80 % 80% *80% 81% 36'A 36% 36% 33% 37 37 % 37% 5.400 1874 19% 18 7'a 19 1874 19'/a 38,200 11% 43,100 27 18% 1874 11% 11 *80% 97a 29 49 % *26% *26% Va 10% a 100 350 1,800 27 82 *81 180 cMlnn)— 28 11% Dec 5 Common No par 11% Apr 29 95% Dec 22 63.60 preferred 94'A 94'A 94'A 94 % 94% 947 a 94.7 a 9474 9474 9474 19 109% Mar 22 $4.80 preferred No par No par 94'A 107% Sep '*107% 10774 107% 107% 107% 10774 107% 10774 107'A 107% 10774 107% 520 10 11% 12 1174 12% 12% 12% 12% 12% 12 12'/8 12% 1274 10,100 28 1934 20 % 20 20% 20% 20% X20 20% 20 2074 2,500 80 29 3 4 3074 29% 30 29 3 4 30 7'a 30 30% 29 7 No par 3'A 3'A *3'A 3% 37a 3% 167/a 15% 163/a Mar 109% 10% 2874 10'A 28 Aviation 10 10 9% 2834 10'A 28 Co American 95 ■ 49% 4 Ry com preferred American North 1 *36 2f Co Western Adjustment North —100 — 84 17% Mar 7 27% May 40% Apr Jun 8 12 Oct 25 27 Northwest Airlines 13% Jun 14 20% Oct 30% Dec 31 36% Dec 12 Northwestern 1% May 21 11% Mar 2 7% May 14% Jun 4% Jan 11 INorwalk 14'A Oct 7 4.6% Inc common preferred Norwich Telegraph Tire & Rubber Pharmacal Co_ 2.84 16 11 'A 11% .11'A 11% 16 11% 95 16% 11% 11% 37a 37a 16 16 11% 1174 20 1174 *20 30 550 a 30% 2974 3 7'a 374 374 374 1.300 16'A 1674 1674 16'A 6,500 47,490 1,430 O 27% Jan 02 % Jan Feb Apr Jun 43 16% 22% 92 18% 33 99% Jan 3 110 Dec 28 Jun 108 28% 3 23% May 31 8 17% Jan 33% Jan 7 19% Dec 13 Jan May 18 Feb 38% July 20 Jun 14 31% Jan Mar *109% July 91 Nov 29 99 Jan 7 6% Feb 11 107/a Dec 23 79% July 13 96% Dec 14 8% Deo 88 Deo 12% 100 Apr JftB 20 Jan 23 Jun 27 Jan 17% JUB 18% Aug 22 28 Jun 13 105 Nov 1 7 Otis $4 NOT Dec 89 Feb 64% July 7 79 Dea 71% Jan 49% Jan 3 64% Dec For footnotes see page 20. 1 16% Dec 24 Jan 28 31 Corp 4%% 8% Gas & Elec common convertible Corp Oppenheim 27% 2774 19% 1974 19% 19% 19% 20 20 26% 26% 26 26'A 95% 9374 94% *93% 11% 11 11'A 11% 96% 95% 96 6 A_100 N* t>*r 62.50 Marine & Mfg a.*o Co __.19 v Co Owena-Hltnols No par Glass *19% 95% Lo common preferred Outlet 27% 100 common Collins Elevator Outboard 27'A 32 No par 1 preferred 24 11% *96 *20% 39% *108 21 39% 103% 15% 15% 81 82 64 32% 109% 2774 32% 109% 27% pfd 32% 32% 109% 27% 32% *108% preferred (The) convertible 4% 32% 32'A *108% 28 8 n*, Nt par common Co Omnibus 27 15% 11% Jun Oliver Co preferred Oil Oklahoma 23 47% Jan 4.40^ 22% Jan Dec Edison Ohio 40% Dec 108 80 23 7 Ohio 64% *20% 38% *108 1474 *80 63% 21 39 108% 1474 81 64 26 *95 *20% 28% *108 1474 *80 64 110 *109% 110 32% 32% 32% 331/4 IO91/4 109'A *10874 10974 160 2774 2774 27'A 2774 18,800 20 1974 1974 800 7,300 *19 3 4 26% 26 26% 2574 2674 2674 2674 95 93 % 93% 94 94 93 93 11% 11 % 11'A 11 11 11 96 % 95 95 96 96 21 3874 108% *95 *20% 3874 *108 , 21' 3874 10874 *20% 38 % *103 21 3874 108% 20 % 96 % 3774 *108 15%* *1474 15'A *15 1574 *15% 81 *77 3 4 7974 *7774 7974 *7774 6474 6474 64% 64% 6474 1174 6474 500 7,400 1300 20% 100 38% 8,000 10874 16 7974 66 GOO 20 7,600 Volume 171 Number 4875 THE COMMERCIAL Range for Previous I per jhare 11% R.uige for Year 1949 Highest $ per share Feb Dec 15 Sep 84% Feb t per 15% May 8ft NEW Lowest Highest 80% share 7% Nov 14 Jan 7 Pacific Amer 10% Jan 18 18 Pacific Coast 51 Sep 1 71 Apr 4 29 Aug 16 40 Jan 17 1st Co Inc Jim 18 Feb 24 21% Nov 25 Pacific Finance 56% Jan 30% Jan 3 34 Pacific Gas 54 Pacific 8 55% July 89 Dec Nov 147 3% Deo 89% Nov 4 Dec 89 62% May 5% May 8% Nov 11 % 7 Jan 5 148 1 Dec 23 4% Jau 8 Jun 13 Oct 13 13 4% Jan 8 Packard 3 10% Apr 8 Pan 44 92 Oct 6% Peb 11% Jan Jun 10 Dec 29 38% Dec 16 May 10~0 8 12 36 05% Jun 23 104% Dec 27 Jun 5% Jun 13 8% Apr 18 18% Dec 28 May 97 Jan 105 Jun —. 34% 2 Feb Mar 15% Jun 101 11 37 May 23% Deo jy4 May 83% Jan 24% Nov 80% 6 % Mar 10 9 16% Feb 20% Dec 19 104^ JaD 1 17 22 '/4 Dec 17 Amer Car World Inc Cos 38% Dec 8 Dec 16 Pictures x6 Jun 15 7% Jan 7 Jun 9 Nov 21 14% Jan 18 Patlno A Jan 4 Dec 22 19% Jan 10 Jan 27% Jan 31 371/4 Dec 10 Penick A Ford Jun 42% Jan 3 57 16 8 34% 54 54 53% 53% 54 54% Psabody Coal Co 5% conv *37% 4% 22% Dec 5 Penn Power A 17% Jan 7 Pennsylvania Deo 48 Apr 32 13 45% Nov 16 Feb 120 Apr 104 II31/2 Nov 4 35% 103 28 Dec Jun 111 Mar 28 45% Jan 29 86% Feb 99 Oct 9% Nov 96% Feb 9 7% May 31 Nov 20% May 24% Jan x8 Nov Dec 20% 21 7% 22 Jan 98 % Oct 9% 14% Feb 17% Jun Feb 44% Dec 20% May 64% July 40 % Feb 48% Dec 93 Dec 20 V* Deo 22 Nov 104 Jan 91 104 69 1 *2% 115% 2% 21/4 21/4 34% 35% 35% 29 29 29 9 14 Jan 6% 6% *16% 35% 35% 551/4 55% 55 55% 55% 56 % 56 >/4 56% Brewing 4.3% 28 19% Jan 7 Phlla 28 40% Jan 7 Phllco July 79% Nov 4 88% Feb 8 55% Dec 15 25% Mar 39% Dec 37% Jan 4 87 Jan 97% Jun 93% Jan 3 11 Deo 10% Feb 10 14 Dec 31 87% Jan 92% Aug 28 Jan 77% 87% Aug 18 51% Jun 14 95% Dec 54% 64 Apr 19 11 Mar 30 Sep Jun 14% May Deo 34% Jan Apr 103% Jan Jun 113 7% Sep Sep 16% 80% Deo 25 94 93 26 Mar 12% Feb 11 Jan 15 23% 24% Jun Jun 157 Feb 169 10% Jun Apr Dec Feb 145 Jan 26% Dec 9% May 83 Jan 29% 11% Feb Dec 12% Jan 5% Nov 22% 62% 18 Feb 96 44% 44% *44 45 44% 44% 800 *111 113 113 113% 150 *35 *35 36 36 *351/4 36 128 127% 128 *11% 9% 35% 9% 12% 12 10 Va *35 36% 35 *106 106% *106 106% *106 11% 12% 12% 11% 12 12% 12% 3,000 39 39 40 391/4 39i 39% 39% 9,300 52% 53 52'/4 521/4 52 52 53 53 52% 53% 52'% 52% 2,000 49 7 49 y« 49 491/2 50 50% 50 50% 50 50% 50 50% 11,100 571% 57% 57 57 % 56% 57% 56% 56% 56 V* 5G % 56% 56% *105 *1051/2 105% 105% *105 % 1051/2 105%. 106 105% 1051% 24% 24% 24% 25 24% 251/8 25 25% No par com *24% 25 24% 25 25 Va 23% *25 25% 100 *114% 115 *114% 115 yOQ *102 104% *102 104% 100 , *108 108% 108 115 Saturday 108 preferred Phillips Jones Corp com II preferred Phillips Petroleum 7 7 preferred 13% 13% 13% 13% 13% 13% 7,100 35% 36 35'/4 33% 35% 36»/4 14,400 85%> 851% *84 % 83 % 85% 85% 85% 85% 85%. 83% 84% 85 % 770 52% 7,800 51% par *14 .141/2 *92 May 18 60% *9% 10 Va *9% 10% 9% 32% 32% 104V2 95 *104 61% 15% 931% 61% 60% *9% 33% *104 11 33% 104% 52 105% 51 % 52% 105 105% 16 16 103 500 15% 15% *90% 93%. <90% 93% 10 59% 60% 59% 60'A 17,600 11 *9% 11 100 33 700 * 9 % 33 33 33% 104 104 *90 98 *90 98 11 14 *13% 3,300 14% 104 % 104 >« 40 • 14% *86% *90 14% 13% *86% 88%' 98 *.90 14 *90 98 14 % 88 % *86% 98 I41/+ 14% 14% 88% *86% 881/2 *86% 29 25% Dec 30 25 Dec 30% May 25% Jun 13 29% Dec 12 xl03y4 Nov 22 105% Dec 29 63 30% Feb 25 24% Jun 14 37 Apr 30 33% Oct 27 *150 154% *150 154% 167% *165 167% *165 168 36 % 36 36% 36 No par No par 7% 10% 7% 7% 10% 10% 7% 7% 10% *62 10% 63 % 100 1 4%% 42% 42'/a *39% 40 No par 13% 13% 10 — class B Electric Power Co conv 15 Va 15% 1 7% — -V- 2,700 ' 88% *87 88 % *29% No par 80 % 801/2 5 16'% 16% 14.75 cum preferred No par Co of Colorado—20 Pub Serv K1 A Gas 00m No par *81% Industries Inc com _ Public Service $1.40 div preference com—No par 4.08% preferred 100 Pullman Pure Oil 72% *62% 25% 139 7% 7% • 10% 10% 160 . 25% *132 *135 *165 36 7% 7% 10% *135 25% 11% 160 10% *135 152 5,600 7% 3,800 11 3,000 160 .' 72% 72% 73 270 63% 62% 63 63 63 63 63 190 25 27 % 26 25% 139 139 26 140 25 *140% 26 145 * 3,200 110 % .145 30 23 2,300 22% 23% *231% 23% 22% 12% *11% 11% 11% 11% 11% 11% *10% 42% 42% 42% 42 42% 42 42% 42 % 43 39'% *39% 40 % 39% 40 13'% 13% 13% 14 Va 14 143/B 13% 13% 14 14 15% 15% 15% 15% 153/a 15% 15% 15% 15% 23 — 72% 38% 40 *39% 40 *39% 200 10% 4,700 1,300 4.100 8% 15'% 7% 8% 7% 8% 30% 30 % *29'/a 30% 30% 7% 30% 7% 30% 30%. 30 % 500 79% 80'% 80% 82 82 82% 823.t 83% 33% 33 % 7,000 16% 16% 16% 16% 16 % 17 16% 16% 16% 8,600 81% 82% 16% *82% 7% *29 . . 36 % 42 , 20 167% 72% ■ 82 % 83 47% 47% 48% 49 51 25% 25% 26 25% 26 29% 152 168 72 47% 105 7% 11% 160 154 35% 7% 72% 25% 8 7% 10,200 16,200 83% 82% 82 % 50% 51 5C % 50% 50 Va 51% 7,300 25% 25% 25% 25% 25:!4 25% 15,100 29% 12,900 *82% 83% . 110 ' 29% 105 29% 105 29% 29 % 29% 29% 29% 30 29% 29% 105 *104% No par 34% 35'% 34% 35 34% 35% 34% 35 34% 34% 341, 34% 8,400 —No par 28% 28% 27% 28 % 27% 28% 28 28 3/8 27% 28 Va 27% 28'% 22,900 100 109% 109% 109% 109% 109% ttu« (The) common 0 July 25% Jun 17 30% Dec 30 preferred Purity Bakeries Cerp No par 31 15% Jun II 20ys Jan 14 Quaker State Oil Refining Corp_l5 *19 14% Jan 7 74% Jan 22 Radio Corp of America «om_No par 53.50 1st preferred No par 6ft 83 *135 154 *165 22% *11V2 30% com 160 36 % 22% 22% 8% preferred series A—50 Procter A Gamble Publicker *133 22% 12% I „ 25%" 25% 139 22% *11% a Pond Creek Pocahontas Co 25% *133 _5 „ Pressed Steel Car Co Inc *62 Jan July 11 35% 63% 28 90% Mar 17 154% *165 36% 72 % 21 47% Dec *150 1671% 36 *72 Oct 7 154% *165 72 86% Dec 3 *150 72 Potomac a 100 preferred class A 100 B%ft 1st ser conv prior pfd—100 Pittsburgh A West Virginia 100 Poor A 3 34% 15% 32% 104% 32% *104 *92 52 106% *90% 9% 6ft 3 Jan 4 51% *104% 15% 61% *135 24 20% Jan 92% Jan 14%. 93% 60% 160 8% Jan 24% Jun Jun 14 Vi 52 106% 93% *135 15% Nov Dec 98% 51% *105% lo Plymouth Oil Co 15 *14 52 106% 100 44% Sep 13 13% Oct 27 14 *105% 100 18 Jun 51% 106 60% com 50% Apr 66% Jun 52V4 106 .No par 11 x7 Shares 13% 36% 33 32 T8% May 11% May share 13% 35%. 98 36% Feb Oct - 13% 104 46 Feb for the Week ' 35% 33 70% May 6% Jan. 20 $ per 13% *90 Plough Tno 63% Sales Friday 1!) 34% 104 14 15 Jan. 13% 21 12% Nov Peb Thursday 36% _ 24 7% t per share 95 common 8% Feb 15% May 110 13% No pmr Pitts C C A St Louis RR 100 Pitts Coke A Cham Co com—No par Pittsburgh Young A Ash pfd Dee t per share 5 PittstoD Co (The) 17% Jan.IK 60% Hosiery 1 109 130 1,600 14 107 100 108 % PRICES Wednesday t per share t per share 115% 103% *108 35% 100 Ns 4 May Sep SALE Jan. 17 No par Feb Jan HIGH 115 103% 104 1 100 Apr 38 AND 1157i« 108 % 3 common—5 4% 29 79% Dec 108 1,000 3,400 27 Feb *103 108 25 16% ' 26 22 104 *107% 24% 10,200 29 25% Dec 14 *115 *103 • 25% 100 preferred series A 147 14% Jun 116 104 70 25 25% *25 1,900 10G 23% 7 Tuesday - Jan. 16*' 1 per share 115% 24% 16 % Jan 32 Monday Jan. 14 7 113 106 108% *1031/4 108 LOW YORK STOCK 9 26 40 11% 381,4 No per 14 Mar 22 106 11% 38 No par 135% Dec Jan *102 % 11% 37% 28 % 27 14 106 106 11% 16% 71% Jan 8% Jun 300 29 24 12% Apr 21 4% Jun 13 104,200 33% 38 1 xl9% Jun 16% May 14% July 10% *34% 9% 1.61/2 8% Jan 3 300 9% 36 28% Jan Mar 4,400 12% 16 'A 55 Jun 106%% 100 134 28% 15% Jan 13 9% *34% \ *12 16% 88 14% Jun 10 3G 132% 12 28% 37% Dec 29 *35 134 12 35 9% 35% 33 130 Va 16% 175 Nov 10 «/t 12% 113 11% 50 — convertible *35 129% 114% 37% 25 common Pillsbury Mills Ine 84 preferred 36 128 *35 107 *113 *12 12% 9% 113 • July SS 36 9% *106 112% 128 % 351/4 A Co Inc Co *109% 112% Va 28'% Jan Feb 44 16 20 x25 44 _100 46% July 12% July 42 33,700 43 28 64% Nov 29 82% May 36% Oct 108% 16,400 17% 43 108% 15% 32% Feb 23 % 17'% *107% 28 7 57% Feb 101% 22% 17% 108% 15% 14 21 Feb 23 17 28 13 71% Nov 22% 17% 43 15% 6% Jun Feb 32% *1071% 23% 17% 43 281/4 7% Jun Nov x25% 10o % 22% 17% 15% 170 11% May 36% May Mar *107% 22% 17% 28 % 28% May 84 Apr 89% July 81 108% 22% 1 13 Oct 161 *107% 1 28 Apr 6,300 Pitts Consolidation Coal Co__ 28% Jun 135 34 Pittsburgh Forginga Co Pitts Ft Wayne A Chic Ry 1% gtd preferred Pittsburgh Plate Glass Co Pittsburgh Screw A Bolt Pittsburgh Steel Co com 1% preferred class B 156% Jun Dec 600 , 26 7 Jun Jun 8% 25% *31% No par Philip Morris A Co Ltd 85 8% 26% 34 17V4 Reading Coal A Iron Corp common Phoenix 9% *8% 26 *311/4 7 July 39% Jan 15 Jan 16% Jan 22 10 Dec 32 7 17 Nov 20 70% 13 Dec 155 170 Feb 14ya Mar 14 88 26 Feb 73% 4 22 Jan Jan 10% 140 142 30 32% Aug 26 3 Jun Dec 105% Apr 100% Jun 5 27 79 158 Nov 13 Jun Dec 7% Dec 8 July 36% July 138 30 Jun 100% Jan 105 5,900 22% A 3%% 56% 108 % Par 11% Jun 56% 16% I per share 22% Jun 0% 26% 34 600 56% 22 EXCHANGE Nov *31'/4 200 36% *107% STOCKS I per share 8% 26% 34 3,100 17% 30 17i/e preferred NEW 9 1/4 26;% 4 6% 6% *16% 1,7 36 221/a preferred preferred Highest 45% July Deo 9 2 3! *31 7,500 4,200 108 '/a No par Co 21 conv preference 4.4% 9% 26% 34 6% 9% 10% 16% preferred Corp of America 3.8% Lowest I per share 10 Va 25% *31 33 %c 26 preferred 91 08% *8 % V'4 600 8%, 10% 22i/i Phelps-Dodge Corp Philadelphia Co 6* preferred Jan 50 91/4 26 34 6% 17 3,400 21,400 *107% 5 21 Sep 110 25% *31 6% 17 2 % 38% 30 2% No par 22 81 Deo 7 58 28 10 *81/2 10 __ 6% 400 » 37 % 9 56',4 6% 1,300 29% : 10% *35% 53 Va Jan 1 8% *10 1/4 161/3 7 16 101/4 35% Pfizer 1101/2 Sep 10% 16% 16 1047/a Dec 9 9 9 10% 35% 57% Dec 6 8% 10 16% Petroleum Range for. Year 1949 13% 10 % 2% 29% 36 Vi 6 Highest 11% 8% 10% • 37 29% 6% ifeiffer Year 1948 # per share 8% 10% 2'A 36 29% 361/4 3 Range for Previous Lowest 9'/3 10% 2% 36 'A , *16% 16 I 44% 6% 13% Nov 7 *42% 16% 371/4 Dec Jan 44 Vis 35% 3 Apr *42 Va 6% 14 98 43% 2% 12 110% Apr 44 29 129 105 Jun Jun 18,800 35% 36 % Jun Jun 103% 111 19% 35'A *11% Electric 13% 2'/4 *1271/4 Phlla 10 16% *16% Jan 17 19% 102% 18% 25 Pet Milk 'Co common 31 19% *100% 19 % 34% 100 26 % May 16 117 Sep 22 19% 102 la 18% 43% *281/4 100 (Chas) 19% *100% 191/4 . 20 28% Peoria A Eastern Ry Co 4% ft 20'A 102% 18% • 45 *44 2'/4 19% *100% 43%. 19'4 102% 351/4 Peoples Drug Stores Inc Peoples Gas Light A Coke 31 Dec 18% 20 *100% 35 *109% Dec 24% Nov 5,200 Pennsylvania Salt Mfg Co com—10 3%% conv series A pfd 100 35 106 150 6 % 19,100 14,300 60 Mar 11 8 105% 6 % 39 *28 Pepsi-Cola Co. 3 *105% 6% 37 36 % 100 11 90% Mar 24 105% * 8 Light Co Apr 20% Jan 37% 46 RR 12 23% Jun 27a 44'/a preferred 29 Oct 38% 36 8 Corp 5 15 9% 20% 19% Co 29 Dec 9% *19% No par Dec 108 9% 20% .No par Dec 5 9% *19% 19 preferred 13 Jan 9% 20% 20 common 137 x48% Mar 30 Sep Sep 3 5% 9% *19% 102 No par 40% Jun July 25% 1 37% Dec 3 9% Jun 17 05 May 104% May 24% Jun Jan 103% 102 May Jan Mar 9% 20 % 2.50 ._ Coke 17 37,000 9% *19% 20 Co Cement 16 4% 9% 20% *85 Penn G1*«sb Sand Corp com—No par 29 4% 180 9% 102 Penn-Dixle Jun 700 *19% 6% 29 13% Nov *38 4% 3,100 9% 6% 31 16% Jun 4% 1,150 3% 39% 3% 20'% 105% 10% Feb 106 4% (i 9% 6 V'4 35 Jan 4% 4% 2,400 104 7 146 *19% 105% 26 Va Dec July 4% 4,200 32 104% *145 3% 391/4 38% 6% 5 20 y4 39% 3% 105% 6 22% May % *38% , ■l 6% 14 112 4 3% 6V4 7 y4 Jun Oct 4% 104% 146 6% 17% Feb 23% Jun Dec 4% 40 104% 146 6% Jan Deo 38% 31 31% 104% 147 3% 3% 31 31 104% *146 G % 81% Nov 16% 38% 54 37% *105% 34% May 16% 38% 39 53% 105% Deo 109% 3% 20 Enterprises prior A 3% 11.900 54 35% Feb Coal 3% 3% 31 31% 500 3414 53'% 105% 15% Penn 146% 21% 34 34% 27 3 104 146 34 *20% 34 105% Dec Dec 30% 103% 147% *33% 20% 33% 54% X54 34 20% 35% 9% 16% 31 % 104 % ''146% *33% 21% 34 33% 106% Feb Dec 31% 103% 148 34 *33% *20% ' *105% 88% 49% 31% 164 3 % 1 Penney (J C) Co 15 21 1 Transportation Mines 34% No par Rust Proof Parmelse 150 33% 102 Corp Parke Davis A Co Parker 56'% 20% 20 Park Utah Consolidated Mines 29 560 *56% 33% *100 28 2 0% 56% 21 100 2% Feb 8 8% 56 % *33 34% No par com preferred rark A Tilford inc 23% Mar *8% 56% 1 17 9 700 3% *12% 3 % 12% 8 % 33% 104 12% Shares 56'% 21 *140% *12% for the Week 3% % *33 31% 13 Sales Jan. '10 # per share ' Inc convertible Paramount 12% 12% Friday ID 57% 8 34% i Jan. I per share 56 8% 57.%' 20% 1 Panhandle Prod A Refining 4% 12 % 12% Thursday 6 per share 100 47'A Oct May 87 Airways preferred Paraffine 8% *55 34% Pan-American Petrol A Transp—_8 Panhandle East Pips L com__No par 4% 12% 9% 33% No par 4 5% Aug 31 Dec Motor 12% 57 % 20%. No par No par ; Aug 24% Jan Jun 20 6 1% Jun —. 27 Oct 14 Dec 17 y2 Oct —, 22 *33 t 10 Pacific Telep A Teleg common—100 6» preferred 100 Pacific Tin Consolidated Corp 1 Pacific Western Oil Corp 10 3% Jun *8% $ per share 26 Corp of Calif A; Klectric Pacific Mills 29% Jun May 51% Peb 34% July 20 104 % Dec 8 2% Jun Apr 13% Mar 6 6 14 135 Mar 6% Jan Jun 27 % Jun 44% July 104% Jun 130 50 13 12% *55 No par Lighting Carp Dec Sep Jan. 18 I per share 17 PRICES Wednesday Jan. 17 No par non-cum 21% SALE Tuesday Jan, Hi I per share 15 common non-cum 2nd preferred HIGH Monday Jan. 14 Fisheries preferred AND (373) Saturday Par 18% Mar 29 % CHRONICLE LOW STOCK t per share 11% Mar 25 May Apr 45% May 75 YORK EXCHANGE • 29% Nov 47% Mar FINANCIAL STOCKS Year 1948 Lowest & conv 32 19% *109 31 *19% 109% *109 105 105 105 105 105 105 105'% 630 109-% *109% 109% 109% 32 31% 31% 31% 31% 31% 32 32% 33 20 19% 19% *19% *19% 20 19% 19% 200 148,700 20 400 8,300 R Jun 6% Jun 28 > 9% Apr 4 Radio-Kelth-Orpheum Corp 1 Ralston Purina Co 3%% pfd 100 Raybeatoe-ManhatUn No par Rayonier Inc common. 1 13% 14% 13% 13% 13% 13% 13% 13% 13% *73% 74% 73% 73% *73 % 74% 73% 73% 74% 8% 9J/a 9 Va 9% 9% 8% 8% 9 89 Nov 25% Deo Jun 23% Jun 14 29% Dec 6 22% Feb x36 14 30% Feb 4 Jan 35 26% Jun 17 31 31 Feb 17% Jun 14 34% Feb 23% Jan 3 16% 36% Feb July May 27% July 45 Apr 21% Jun 31 21% 21% 34% Nov 18 43 Jan 3 A% non-cum 31 50 *35 37 Feb let preferred 36% 39 28% Jun 29 36 Jan 7 4# non-cum 2nd preferred 60 *30 31% 31% For footnotes Jun see page 20. 101% Dec 29 7 . 52 preferred.; Reading Co common -25 60 102% *28% 25%" *30% 21% 102 % 29 25% '31 *102 *28% 25% 9 13% 13%' 13% 74% 73% 73% 600 91/4 55,300 9 9 102% 102 % 102% """ 103 *102 103 *102 29 29 29 29 29% 29 29% 29 % 29% 1,100 25%' 25% 26% 25% 26 25% 26 2,100 103 102% 110 25% *"30% 31% 30% 30% 300 21% 21% 21% 21% 21% *21 21% 21% 21% 1,300 36% *34% 36% 36% 36% *34% 36% *34% 36% 200 31% *30% 32% 31% 31% *30% 32% *31% 32V4 200 25% *31 31% 30% 30% IS Year 1948 t per share 10 Dec 11% Deo Highest Highest 15ys May 3 21 14 Silk 16% Oct Real Reeves Reis Deo Jan 4 Vb Jun 18% Jan 4 Deo - 13% May 66 50 8% Dec 8 Vb Apr 26 12 Vb Dec 73 Jun 17 90 15 Vb May Deo 99 Aug 10% Dec 29% Jan 6% Feb 5% NOV Feb 22% 4% Jun 8 8% Jan 2 V» Jan 3 4% Dec 31 11% May 6% Jan 4 Dec 17 27% Jan 7 17 Oct 33% 10 13 Jun Jan 111% July 91% Jun Dec 21% May 10% Jun 15 Feb Dec 91 Oct 102 8 Aug 4 % May Nov 29% Apr 18% Jun Mar 104% Jan 98 19% 92 5% Dec 33% Dec 41% 43 Dec 80 Oct 103% Dec Dec 17 34% Jan Jan Sep > Reynolds Aug 18 19 (R J) 42% Mar 7 85% Jan 3 4 108'A Nov 23 24% May 13 % Jun 13 21'A Dec 17 3 42 % Dec 22 Richfield Jan 12 S 49 Jun 7% May Feb 24% Jan Jun 28 26% May fl% Feb 12 19% Feb 21 15% Jun 21 x3% Jun 15 July Dec 21 Mar 22 36 13 12% Dec 31 31 15 29 Dec 10% > 85 10% 10% 10% 6% 6% 6% 6% 6% 9, GOO 5 % 5 5% 5 5 % 17,700 10 24% 100 *103 104% 15% 100% 22 V8 102% 9% 9% 39 Vb 39 % 49 *101 11 7,900 24% 25 23,800 *103 104% *103% 104% 104 % 104'% *104% 106 15% 15% 16% 15% 99% *99 Va 12% *30'A 62% 101% 101% 22 101% 6'A 6 22 101% 101%, 10;% 10 10'A 10 38% 39'% *48 96 % *96 97 Va 106 106'% 40% 17 49'A *48 *96 17 21 20% 28 12% Mar 12 Ruppert 3 33 Vb Dec 14 27 113% Feb 16 35% May 11 7'/a Jun 13 48 % Jan 3 Jan 18 Vb Jan Jun 109% Apr 7,100 *48 50 350 20 % *20% 21 2,600 41 42 12,300 41 40% 40 40% 39% 17'A 16% 16% *16'% 17 Va *16% 5'A 5% 5'A 5% 5% 5% 5% 23 V8 23% 23% 24'A 23% 23% *22% 12% 12% 12% 12% 12% 31 31 31 31% 31% 106 *104 *104 64% 200 5% 1,300 23 4,500 16,400 12% 13 12% 13 31% 32 Va *32% 33 1,200 64 % *64'A 64% 64% 65% 2,400 13 106 *104 106 23 24 17 32% 12% *32 64% 400 107 40'b 64 98% 106'% *16% 64 40 50 06% 97 106% *104 106 *104 105 1 18 18% 18 Va 18-% 18 18'A 18 18'A 18% 18 18% 5,300 —1 21 21 22 22'A 22% 22'% 22% 22% 22% 22 22 Va 17,900 56 56 56 56'A *55% 57 56 56 *55'A 56 56 Vb 56 Va 10% 11 11 11 11 *10% 11 10% 11 Safeway Stores common Deo 3,700 39% 5% 62 Va 210 10 % 39 *5Vb 62% 102% 10 Va No par 23 18% 101% 3,500 20% 21 ' Jan 22 6,800 106% 106% 20 20 39% 96 106% 13,000 22 10 39 39 96% 49 'A "49 Va 48 50 6% 6 6 'A 9% 10 Va 39% 106% 15% 100% 22 39 100 15% *99'/a 16 100% 22% 6 % 6% 22 % 19% 106 *104 99% 100% 6 '4 22 Va 20 23 1 *93 Va 8 10 106 5% 23 15% 39% *95% 40% _100 10% 24% 103 48 % 97'A 106% 17'A —20 10% 24% 21% 39 Vb 5% common 10% 25 Va 63 9% 40 Vb com 11% 24% 100% 21 % 21% *16% _ 10% 24% 6 % 25 Controls preferred U 15% *99 Va 6% *101'A , 10 % 24 104 % 15% 6 Vb , _10 10% *103 16% 2,900 24 9% 23% *99'A ' 20 Ruberoid Co May 200 11% 10 Inc Ronson 18% 11 12,500 5 No par Royal Typewriter Dec 85 6% No par , 19% Nov 25 8% 85 11% 24 preferred series A Art 12% 85 12% 85 160 12% 12% *82% 12% 82 % 5 % 11 10% 10 % 10% No par Corp 61% Nov 22 31 60 6% Antelope Copper Mines 21% Dec 39% Apr 8% Sep *59 11% 19% 13 16 72 60 *59 500 6% 1 4% 4,500 9 4% *48 *95% conv 700 9% 12% 12% *82% 23% 9% 6% *106% 4%% 12 12% 85 *6% 23% 9% 4% 10 Robertshaw-Pulton 12 8% 24% 9% 60 60 60 8% *23% 10 6 % 10« Rohm & Haas Co 59% 60 9% 9% 9% 9% 24 8% 24 % 8% 9 23 . 4% 100 Mills 23 6% series Oil 9 % >82% 85 *8% 9 22% >53 10 class B_ 13 27% May Dec 900 3,200 4% 1 Jun Mar 17% 15% 6% 100 10% Jun 17 54 12% 4% series 6 105 17% *15 1 4.50% 30 68 % Dec *11% Shares 50c 3.60% Robbins 28 96% Apr 21 *82 % Preferred Roan 9% 12% 25 Rheem Manufacturing Co 23 Dpc 12 50c * 60 Preferred Jun 21 >59 100 Common Jun 7% Jun 29 Va July 23 9% 2.50 Ritter Comnanv 5% Jan Jan *8% 22 % 5 com Tob 102% Jan Sep 9% 23 Vb Reynolds Metals Co com No par 5%% convertible preferred 100 Dec Dec 9% *22% Reynolds Spring Co Jan 4% 15% 12% for the Week Sper share 17% 15 % Inc__ Jun 15% 17% 15% preferred 50 17% 16 50 98 17% 15% 1 Corp 94 103% 17 15% prior pfd series A conv 5Vb% 3 13 Corp Steel Rexall Drug 15 39% Oct 3 17% 15% Inc Motors 6% 26 Jan Dec 10 17 Tii 15% Revere Copper to Brass com__No par 2 103% Feb 22 14 17% 15% 10 No par preference prior Stores Republic 30 23 28 Sep 4% Jun 11% May Dec 6 Va Dec 2 12% 12% *17% Republic Aviation Corp 12 *11% 12% *11% 17% *11% Sales Jan. 20 12% Republic Pictures common $1 convertible preferred 31 100 1 Aug Jan 16% Jan 110 13 15 4% Reo 7 BVb May 103 82 Va 8 12% Jan 6% May 31 13% May 2 Vb Dec Friday 19 15% pfd 3%% series Remington-Rand common $4.50 preferred 1 *11% Jan. $ per share share 14% Conv 31 Nov S per $ per share *17 >A Reliance Mfg Co common Nov 25 60 3 Thursday Jan.IS *11% Inc div Reliable 24 9% Jan Wednesday (Robt) & Co— 11.25 21 Dec Aug Aug 78 Va 27 14 6'/a Jun 27 8% Jan 29 25 Vb May Dec 8 Vb 62 14 Va Dec 8 17% PRICES SALE 5 Hosiery Mills com Bros t per share tper share HIGH 17 No par Reed Roller Bit Co 28 Par AND Jan. 1(1 50c 16 23% Jan 11 Va Jan May 25 13'% Apr IOVb Jan 15'A Nov — — " Jan. Monday, January 23, 1950 Tuesday Monday Jan. 14 EXCHANGE $ per share I per share Sper share 18 LOW Saturday STOCK YORK NEW Range for Year 1941) Lowest - — CHRONICLE STOCKS Range for Previous Lowest FINANCIAL & COMMERCIAL THE (374) Metal Inc Wks ' ' (The) (Jacob) *10% 8 ■> 10% 11 18% 22% 600 1,500 S 107% Sep 39% Feb 11% 113 61% Jun 16% July 5% St 25 8% Feb 32% Feb 48% May 31 Jun 13 43% Dec Jan 139% May 87 Jun 13 131% Dec 30 58 Jan 101 78 Jun 9 100% Nov 9 8 Feb 13% May 6 Vb Jun 1 9% Jan 7 79 Feb 91% May 15 Va Aug 8% Feb Jun 25% Mar 51 95 22 Vb Jun May Nov Jan 8 July 9% Jun 35% May 39% Mar 77 12% Jan 87 14 St A 5% Louis Southwestern 5% 2 Regis Paper Co 1st pfd Savage 4.40% —— 87% Nov — — 12 t 31 31 Scott Nov 3 108 Oct 11 Apr — 29 30 12% 91% Mar 104% Oct 8 19 131% 131 % 131% 133 100 *95 100 *95 100 *95 5 100 14 Jan 91 Sep 13 21% Dec 3 30 1.75 —No par 3.65%. pfd Co Dec 15% Jun Oct 87 Apr Jan 5 13% Feb 26% July 13 % Jun 28 44 Feb 62 Vs Jun 47% Jun 10 15% Feb 20'A Jun 16% Jan 4 19% Sep 19 Seaboard 35% 59 % May 36 Vb Feb 7 56 Dec 23 Seaboard Oil 20 Scranton Elec 3.35% Co 46% 9,100 12 *95 46% 131% 131% 131 131% *98 100 *98 100 8% 6 62 «Dec 9 5% preferred 8'A 8% 8% 8% 86% 87% 87 % 88 88 88 88 % 87% 13% 13% 13% 13% 18% 13% 13% 14 of 33'A 33% 32% 67% 68 67% *94% 95% 94% 94 *105% 107 Va >105% 107 Va 105% 107% *85% 8 0V1 106% *13% 13% *86 88 >86 86 'A 105 13% 13% 13% 89 105 105 *104 % 13% *86 *85% 86 Va *85% 85% 105 Oct 5% Jan 27 11 % Dec 27 Seagrave 43'A Nov 33% Jun 13 44'A Dec 31 Sears 88 x32% * *104 Va 13% *86 105 9% Dec 9 % Jun 14 16% Dec 23 Seeger Refrigerator 5% Dec 12% July 8'A May 4 '/a Jun 14 9% Dec Feb 94 14% 104 Jan 6% Jan 7 3 11% Dec 23 13 101% Feb 5 6'A Jun Jun 77 Jun Co No par Co 5 Servel Inc $4.50 1 Range for Year 1949 Lowest Highest $ per share tper share NEW Highest 36% Jun 24% Jun 13 Feb 46% Oct 21% Aug 4 17% Feb 27% Jun 22% Jan 4 68 Feb 79 Dec 76 % Nov 10 83 9 Dec 15% Jan 8V4 Jun 13 10% Oct 24 12 Mar YORK ny4 *94 % 5 Shamrock 37% Jan 7 Sharon 38% Dec 8 May 18 Oil & Shattuck (Frank 11% Apr 8 15 Va Dec 23 Sheaffer (W 30 Jun 13 40% Dec 2 Shell 13% 38 Dec 7% Jan 5 Jan 3 7 Oct 7 Sheraton Dec 7% May 2V4Jun 6 4% Jan 12 May 31 27% Nov 29 A) May Dec 44 Jan 28 Oct 18 36% Jan 7 Feb 32 % Jun 18% Jun 14 24% Sep 13 Jun 97 Jun 14 127% Jan 7 Skelly Oct 16% Jun 20 22% Dec 8 160 25 Vb 35% Jun 19 33'A Dec 23 27% Dec 39 Va Jun 21 Va Nov 1 31% Jan 24 80 Dec 90 Apr 83% May 21 88% Feb 3 91 Sep 98 July 95 % Jan 3 15% Dec 26 Jun 10 % Jun 7 23 Jun 14 Vb Jun Jun 14% Feb 96 Nov 104% Jun 14 May 8% 3% Nov 5% Mar 97% July 3% Jan Oct 7Vb Jan Aug 5 39 Feb 45 Va 52 Jun 60 11 Va Nov 100% Mar 25 3 4% Oct 26 South Amer 13 10% Dec 31 South Carolina 26 South 26% 25% 26% 27 27% 27 27% 37% 37% 3 7'a 37'% 37% 37 % 37% 37% 38 6,700 77% 78 77'a 77% 76 76 76% 77 76% 76 vb 76% 4,800 10% 10% 10'a j 10% 10 10% 10 10 10 10 1,700 16 16 17 17% 17% Vi % 18% 18% 18% 2,100 35% 35'a 35 % 35 35% 3.5 35% 35% 36 IOVb 30% July 29% Jan 5 35% Nov 18 Southern IOV4 Sep 30 12 29 Southern & G Co 23 29 Southern Jun 14 Jan 7 58 V* Feb 70 July 45% Jun 1? 61 Jan 26 6-5% Dec 73 Jan 56 17 66% Feb 9 Spalding Sparks-Withington Co 5% Oct 13 21 73 May 26 Oct 7 Dec 29% Jan 21 Feb 7 30% Jun 22% Jun 13 29 VB Mar 30 Dec 14 May 6% Jun 13 10 Vb Mar 31 Jan 5 71% Apr 28 28 18 Vb Dec 14" 5 Apr 13 29% Jun 17 VB Apr 25 91% Jun 82 79% Oct 17% Nov Feb 109% Oct 97% Feb 121 Oct 11 13 Vb Jun 23% Feb 37% Dec 21 Dec 14 22% Nov 9 107 92 Jun 13 18 VB Jan 3 98 Vb Jan 27% May 3 143 4 109 Jan Dec 29 52% Dec 2 Dec 27 159% Dec 17 (AG) Spear & Co Conv Square Squibb $4 $4.50 D 35 $3.50 $6 $7 prior & Sons Inc prior Jun 13 70 Sep 13 3 45% Nov Standard 14 Standard Oil of 89% Feb 92% Jun 60 VB Jun 13 74% Nov 2 Standard Oil of Oil 32'a 400 22 % 22% 27,100 102 102 102 % 2,000 101 101% 22 *21 vb 21% 21% 22 1,500 31% 31% 32 32 Va 3,300 24 % 24% 2,000 s4 % 8 5'a 31 30% 31'a 31 31% 31'a 32'a 23% 23 % 23% 23% 23j/b 23% 23 % 23% 85% *84% 85% 24 24% < 60 8 5'a 85% 85% 85% 99 Va 99i% *99V4 100'% *99'a 100% *99% 100 % *39'a 100 100 15'a *14% 15% 15 'a 16% 16'a 16'a 16% 16% 16% 17 2,300 *14% 16% *106 *50 69 vb 16% 16% 16 % 16'% 107'a *106 107% 16% *107 107'% 16 '/2 *107 4% 16% 107'% 4'a 16% *107 4% 16% 107 % 4 % 4'a 4% 4'a 10 9% 9% 9% 10 52 *51% *51% 52 52 52 *51% 53 69 *69 70 *69'a 70 4'a 52 69 68 68 69 vb 4% 13% 13'% 38 vb 13% 38% 9% 13% 10 13% 1C 10% 16% 106 4% 10 *51% 70 16% 39,500 400 107 Va 3,200 10'a 23,200 4 53 200 70 500 13% 13% 13% 13% 4,600 38 % 38% 38% 39 3,100 44 44 44 34% 34 % 34.'a 34% 6,200 12% 12% 12% 12% 73,900 13% 13% 38% 38% 38% 44 43 43 34% 34% 34% 34% 34 'a 34% 34% 341/2 12% 12% 12'a 12% 12% 12% 12% 12% 35% 35% 35% 35% 36 51'/a 52'a 52% 52% 52 52% 51% 52% 52'% 53'a 23,500 37% 35% 36% 36 36% 23,000 56% 2,300 35% 55% *61 1 12 vb 5% 3 6'a 56 63% 12 'a 6 . *43 44 38% *43'a 38% 44 36% *43 Va 36 % 37% 36% 55% 56 56% 56% 56"% 56 % 56% 64 35% 55% *61 36% 63 63 63 63 64 64 12 12 12 36% 36% *12% 12% 12 'a 5'.% 5% 5% *5% 12% 5% 12 5'% 6 6 *5% *67 6'a 71 *67% 5% 6'a 5% *5% 5% 6% 37'a 56% *63 11% 5% *5% 200 37% 7,900 110 66 900 12 5% 15,100 Va 300 6 6 6 *67 71 24% 24% 24% 24% 24% 24% 24'4 24% 1,300 24% 24% 24% *24 26% 27 26% 26% 26% 26% 26'% 4,500 26% 27 26 27 9% 10 9% 9% 8% 9% 9% 9% 9,600 69 % 68 % 68'% $4 9% *69 17 1 *34% No par pref *106% No par 22 No par No par of California Indiana— New 26% 1„5 common com preferred^— 55 32'a 22% 85% No par & E Co 36 VB Jun 21% 32% 30% No par preferred Jun 101 va 22% *31 100% 2 « Jun 22% *84'a 1 preferred Standard G 21% 21% 32% 22% 6,300 *99% 100 ~ Brands 101% 101 *31% 29 1 preferred (E R) 22%. 28 Vi 1 preferred Standard *21 27'a *31'% 29 9,500 No par Co_ 73 *15% *84% 100 Kellogg <fe Sons Sperry Corp (The) Spiegel Inc common 53 20. 23 35% Spencer Feb page 32% 22% 52 common Jan see 32% No par $5.5o preferred 54% footnotes 32% 22% 35 vb & Bros Inc 36% For 28% common—No par 7 100 28% 29 'a on 28'a 28 % 51% preferred 7 Feb 86 Railway non-cum 6 Vb Jan 3% July 19 Jan 4,400 7.50 Mobile & Ohio stock tr ctfs 13% Jan 7Vi Jan 3% No par Co 20 22 29 Vb 5% Pacific 3% May 23 20% 104 1,800 3% 4'a Southern Natural Gas Co Dec 41 Dec 6% •% *42% 51 Nor 6% «> 25 36% Nov 19% 6% 3% 9% Edison 3 21% Aug 6% 3 % 1 (The) 13 95 6% 3% _5 California 25 Va Jun 64 6% 3% 13% 28'A Jan May 6% 3'a 38% 32% Jun 74 6% 3'a 5 80% July 23% May 6% 3'a 25 62% July 53'% Dec *6V2 3'a Sugar com_No par Rico 50 Vb Jan 6% 3'a 50 Feb 8% May *6 % 50 Feb 10 Vs Jun 36 com_4.50 Platinum & E 33% 20% May 7% Jun 16 35% 100 43% Southern 4,500 *15% 20 preferred Co 01/4 76% 5 Greyhound Lines Porto 8% 6,600 25% preferred Southeastern 23 Aug 16 I per share Shares 38% preferred Nov I per share 100 Gold 45 for the Week Jan. 20 10 38 Socony Vacuum Oil Co Inc 15 Solvay American Corp 4% pfd—100 14 Vb Apr S per share Jan. Sales Friday Thursday 38 27 40 Jan. IK 28 preferred conv 10 25 To 17% Oct 5% 300 13,200 27% preferred 5Va% 6% 11% 94% 25% 107% Dec 15 94'% 27 % 7 28 11% 11% 96 26 14 52% Oct 11% PRICES SALE Wednesday t per share # per share *6 VB 6% *6 *94'% 27 Smith & Corona Typewriters_No par 71% Dec 6'A 11% 96 25% Smith (A O) Corp 10 Smith (A) & Sons Carpet Co com—20 1 HIGH 6% 11% *94% Jan. 17 21 3 AND n; 102 Mar Nov Jan. 96 Tuesday Monday 1 + 6'A 11% *94 »/2 96 26% 8 Nov 6*8 11% 11% 11% '94% 21 7 Feb 6 Va 6% 6'A 11% 96 102 7 15% 2,900 21% 26 61 Va Mar 16 "a 103% 53 % Mar 40 Oct 73 16 VB *101% Oct Dec 16 15 11 Aug 17,100 15% 25% Co 36% Jan 4 400 43'A 15% 22% 26% Feb 63 10% 42-% 15% 27% Jan Dec *10% 43 V4 15% 32 Jan Feb 10% 42% *15% 22% Aug 4 10% 43% 15% 31 16% 12% 10% 42% 15% 27% 44 Feb *10'A 43% 15% No par 42% 20 Va 10% 42% No par 36 25 V« Mar *10% No par Corp 36% Mar Dec 51% 10% 43% 51% 26% 17% Jan 30 4,000 1 Co 4.20% 4,400 51 10% Sinclair Oil 3%% 1,500 20 50 % 43 51% Simonds Saw & Steel Oil 64 19% 25va Sloss-Sheffield Steel & Iron Feb 63 19% 10% 51% 51 27 America 15 Feb 50 15,600 26 Coalition Mines—. 34 Dec 19% *62 22% 1 22 18 20 51 88 22 15 36 23 19% 13% 66 22 27 Co Dec 92 % 19% 63 4,300 13% 88 13% 50 VB # per share Nopal Pen 25 Simmons 63 63 60 50% 21% 19% * 22 Va 20 104% 63 13% *86, 63 19% 21% 200 86% No par G) Corp of Silver King 105 *85% 25% 1 Corp Oil 130 107 No par No par pref series A conv Oct 3% 61%" 19'A Saturday Gas Corp • Sharp & Dohme common Jun 4% 61 Jan. Steel $3.50 1,500 95 Va 104% 36% *85% *104% 22'A LOW STOCK Par 31% May 1 46% 14 63 19% 6'A 1 $ per share Nov 30 Feb *15% EXCHANGE , 24% 28% 43 No par common preferred 33% 67% 107 107 *106 21% 21% A, STOCKS Year 1948 f per share & Seiberling Rubber Co Range for Previous Lowest 51% *10% Corp Roebuck 21 % 43% No par 5 8'/a Feb 21% *61% Del Mar 31% 32% 67% *94 % 68 Va 95% 32 350 4,700 38,500 33% 67% 19% 160 23,900 87 % 13% 32% 1 series Co Va 13 V* 95 % 21-% 8 86% 67% t c__No par v 8% 95 Va A—__100 com 8% 8% 13:% 8% 8% 45% 133 100 *131% "k Seaboard Air Line 46% 47 46 47% 67'A 85% 100 28,800 32% *104% (The) common__5 preferred 12% *66% 100 Finance Co Feb Jan 11% x95 % 100 preferred 11% 12 96 106% Mfg 10,600 67 No par preferred 40% 33 $4 190 40 % 66% *94 8,900 40% 32% No par 79 83 ~ 131/4 31% .113 113 40% 88 8% 88 30% 31% 113 112% 41 11% 100 46 7A 47 30% 113 40% 12'A 46% 130% Paper Co common 4.30 % 11% 11% 1 130 % $3.40 preferred Scovill 11 % 11% 46% 100 47 31% 112% 41'A 100 Schenley Industries Inc Dec 11% 30% 31% 113 c 5 70 94 % Jun 93% 40'A common 98 Jun 30% 112% 40% series A 31% Dec 78 30% 112% 40 % Corp Arms 6 Jun 29% 112% 40% preferred non-cum 17 46'A Jan 90 30% 112% 40% Co v Ry xl03% July 13 88 30Va *112% Co series Preferred St 5 May 13% Dec 14 , Lead St L-San F Ry Co com v t c__No par 29 67 5 100 10 preferred Joseph Jersey No par No par 25 25 91 51% *139 *154 9% 71 *67 9% 9% 70 *67% 70 *67 70 330 69% 69 69'a *68 V2 69% 68% 69% *68'% 17% 17% 17% *17 17'a 2,500 17 17'a 17'a 16% 17 16% 35'% 35 35% 35 35 % 35 35 Va 2,000 106 % *106 35-% 107 22'a 91% 52% 35% *106% 91% 50% 34% 35% 107 22'a 22 91% 51% 143 *140 143 155 154 155 * 1061/2 108 22 % 22% 91% 91% 51% 52% 106% 22 91% 52% 142% 154 'a *1.40 154 'a *139 155 22% 91% 54% 143 156 % 22% 90% 53'a 106% 120 22'a 22 22'a 11,100 91% 90% 90% 660 5 5'a 36,600 107 55 106% 53% *140 143 *140 143 156 156 156 156 1,200 62 % 62% 63% 62 Vb 63'a 62' U 62 62% 15,700 61% 62% 62% 43% 43% 43% 42% 43'4 17,200 43% 43% 43% 43% 43% 43 vb 42% 67% 67'a 67% 67% 67% 66 vb 67'a 66 % 46,900 67 vb 67 66'a 66% 62 vb - . Volume 171 Number 4875 COMMERCIAL THE NEW Range for Previous 23% Nov 89 Feb 38 , Oct il'A Feb Nov 36 % Range for Year 1919 Highest $ per share Lowest tper share I per share 35 Jun 20 97% Jun 96% May 15% Oct 12 Jun 40 Jun 7 Jun 15 27% Oct 9 102% Dec 20 3% % 20% Dec 23 Standard 48 27 Dec 38% Jan Standard 6 7 41% May 11 % Mar 15% May 10 July 12 13 Jan Jun 35 Oct 41 % Aug 2 Jun 94 Jan 4% 18 39 Va Feb 97 23% Dec 12% Feb 36% May 16% May 20 Jan 3 33% Dec 17 14% Jan 100 3 % % preferred— (J P) 13% Dec 14 4 18% Dec 29 5% 21% Dec 23 Stone & 16% Feb 10 28 30 Studebaker 28% Jun 13 52 50% Mar 413 Vz Jan 120 6% Feb 7 9 Jan 8 96 52% Feb 10 117 Jan Jun Feb 15% May Dec 21'/a Jun 15 18% Dec 26% Jun 16% Jun ?4% Mar 9 Dec 140 Mar 13% 31 Dec Dec 43 11% Mar Jun 19% 44% 11% Dec 17 13 13 60% Dec 27 12'/8 Sep 4 %% 30% Jun Sunshine Mining Superior Cil 12 Superior Steel 41% Dec 16 Sutherland 106% Dec 23 108% Dec 22 d% Nov 16% Jan 7 % Feb 25 11% Nov 2 Dec 36% Jan 27% Jun 14 8% Jun 14 8% Dec 22 Jan 17Ve Feb 26 Jun 79 Dec 4% Mar 9% Mar 3% Dec 14% Mar 52 Nov 15% Nov 47 Feb 19 Nov 91 36% Dec 30 Feb 21 Swift 24% Jan 7 12 .17% Aug 5 76% Sep 3% Jun Aug 7% May 4%% 9 89 14 Mar 11% May 5% Jun 9% Jun 23A Jun 14 133/4 Jun 14 18 48% Jun 13 65% Nov 25% May 71 % July 11% Jun 14 18% Nov 56 Jun 14 70 % Dec 25 16% Jun 14 26 Vz Nov 9 Oct Texas Texas 31 17 6% Dec 19 Apr 7% Oct 13% Apr 1% Jun 20 24 Jun 14% Jun 7 10% Jan 393^ Feb 59 Vz May 85 Feb 95 % Jun 6 Nov 17 34% Jun 15 1 % Mar 4% Jan 19% Mar 31% Nov 9 23% May 19 19'/a 95% Feb Jan 17 Mar 40 Dec 32% 104% Jun 55 32% Nov 30 May $ per share 10 Dec t per share 13% Jan 9% Nov Nov 233/4 5% Feb 1 96 Nov 12% Mar 10% 11 1-0% 11 10% 17% 17% 17 17 17 17 17 17 % 2,900 19'A 19% 19% 19% 19 % 19 % 19% 19% 6,800 58% 58% 58 59 58% 59 % 58 % 58 % 58 'A 58% 58 58% 2,500 10% 8.900 9% ; 10 10 10 *205 215 207 11 Va 11 11 11 40 40 40 108 "207 *107 108 9% 220 11% ,:,39 107% .—25 1114 11% *39 40 40 40 39% 39% 40 40 108 108 109 108% 108'.'a 11% 10% 11% 21 % 22 % 21% 21% 82 82 82 *11% 5 108% 10% 10% 11 % 351/4 35% 35 % 36 35% 10% 11'% 11% 11% 11% 21% 22 21% 21% 21 82 6% 6% 12% "1134 12% 6 17% 17% 6 7 12% *10% 82 6% 12% *11% 6 5 81% 7% 6% "82 400 11 1,900 36 % 30 % 36% 6,900 11 Vz 11% 12% 49,300 21 21%. 15,400 *12 *82'A 83% 160 6% 6% 21,000 634 ' 12 % 6 6 VH 5% 17 17 VB 17% 17% 603/8 61 60% 60 34 53% 00% 12' 5% 17% 61'A 60'A 500 109 11 33 0% 12% 500 2,700 109 17% 6 216 11 17% 1737 10% 216 21 -A 10% 35 35 6 10% 205 10% 0% ' 6 10% 205 207 82 35 "91 9 • 12% 5% 5:,.i 18 18 60% 60 3 100 1,300 4 1,200 16 4,100 22% 21% 22 22 22 Ve" 21% 22 Ve 21 % 21% 21% 22 7,300 55 57% 56 57 Va share r 25,600 4,700 Land Trust— Pacific ctfs 1 55% 56 54% 55% 55 55 Va 100 463/4 46% 47' 47% 48 48 48 47 47 50c 11% 11% HVs 11 Vz 11 Vz 11% 11% 11 Vz HVz 11 % 11% Ilia '15 % 15 Va 15% 15 38 15% *15% 15% *15% 15% 15 15'A 500 Pacific & Inc Ry Co common conv conv preference Fair 7% 7% 30% 31% *12% 1 «3/8 —50 *37% Transit Steel Co Corp_No par —1 15 19 13% *13 6% 4 V' *7 6% *37'A 3% 7% 3% 19 Ve *7 NEW Bearing YORK 7% 54 53 Vz 96 96 4% 4% 4'A 4% ; *38% 39% 38'A 38'A 14 24 23% 105% 15% No par 35 Va 35% 19 16% Dec 17 Transamerica 4 17% Dec 30 13 lb% Feb 4 6%4 Feb 11 9% Dec 14 108.% Oct 11 $6 3% 19 7'A 7% * 4% 43/a 3.400 160 4% 33., 4% 4,000 19% 7 % 19% 19 % 1,700 Corp .a 39 Vz 7% 400 55 55% 3,900 96 95 95 Va 43.4, *39% 39% 4 preferred. 50 4% * 4% 4.000 38 % 38% 400 : 23% 24 23% *105% 106 105% 105 % 105% 105% 105% 105% 420 ,..15% 15Vz 1.5% 10 15% 15% 15% 15% 15% 15% 7,100 35% 35% 35% 35% 25% 36 35 35 Va 6,o()U .t ». 35K- ..35'% AND HIGH SALE 24 23% 23% 24 - 19,000 PRICES Tuesday Wednesday Jan.JO Jan. 17 Jan. 1,8 Jan. 11) t per share * iner share $ per share $ per share 24 Thursday Friday Jan. 20 Sales for the Week Shares 15% 15% 15% 15% 16 15% 16 15% 15% 15% 16 Va 34,200 18% 17% 18Va 18'A 18% 17% 18% 17 3A 17% 18 18 17% 1734 17% 17'A 17% 17% 17% 17% 9VB No par share 15% 18% ; 1 common *7 55% 94 Va 4 % 39% 100 6 Va 3 8'A 55 553i 96 39 Vz 13'A 6 Vb "37% Monday t per share Transcont'l & Western Air Inc—i.5 Transue & Williams Steel No par Corp *7 55 "13 6% 37 % - 33 4 19% *94% 13 % 6 37% Jan.1+ Par :/ Jan Tri-Continental *13 13% Saturday ■%'// \:• 300 1053A LOW STOCK -| 4% 39 24 900 105% 105% 15% 73A 31% 33A 54% 95Vz ; 7% 31'A 19 Vz 73/8 53% 95% EXCHANGE ■ 4 54% 5 7% 31% *13 193/b 95% No par 7% 6% 54% 600 6,300 31 % 21 Vz *94% 7,500 7% 6% » 58% 57 31»/b 37% > Vz *47 7% Vz 100 com—No par 7% 8'A 37% *3 3/7 19 Vb 6 4 31VB 13'A 6% 37% *18% 19 Vb 7% ' 31% 13% 13% 6 3/8 *37'A 38 *47% No par com preferred Roller *3% (The) Timken-Detroit Axle— Timken 7% 30 3 4 common Avenue $3.75 7% 30% preferred preference No par Tide Water Associated Oil com—10 5 7% No par ?, Co *15 30% No par Jan 98% Feb 10 11% 34% 6 % 11% Jun Apr 10% May 107% July 103/8 211% 11% . 1 10 , 1G % *205% . •*10% 14,100 10% 11% *10% 10% 10% 11% : . .— 10% 11 11% 10% 4.16% $3.50 10 share 90 17% 10 22% Mar 15'A I per 119 72% Highest I per share 119 11 ...10 preferred Thompson-Starrett Co 43% Mar 30 Lowest 121 22 Va Range for Year 11)4!) Highest *119 4,300 19% 10% STOCKS Year 1948 800 57 19% Corp— Range for Previous Lowest 57% 57 17% 4% Jan 10 57% 57% 17% No par Thompson (J R) Thompson Products 21 19 95 Va 19% Corp Mar Dec 25% Jan 2,100 9 % % 10 1 Third 107% Dec 52 9% 55 19% • 10c Ltd Thomas 4% Oct 13 *119 i 51% 9% 121% 57% 121 50 % 96 71% $2.50 conv 3 13% Jun *119 S% *94 15% Thermoid 27 23% May r 120 9% 96 15% The Dec 119% 58 *94 "17% ; $2.40 Oct 14 19% Jun 102 3A May July 40 118% *56%, 50% 50 9% 96 53% 58 49% 9% 9% *94 25 ..25 100 Jan 95 118% 11 9% 96 preferred. No par Thatcher Glass Mfg Co common—5 56% Dec 84% Apr 14 2% May 23 58 % II 48% 9% *94 58% _25 (James)-. $1.25 22" 7% Jan 20 ■ 48 9% 72 41% Oct 14 49%, 48 96 1534 Textron 6% Jan 2 49% 48 490 71% 5 Mar 42.800 1-6 25 Dec 27 % 72 % 8% Nov 43% Jun 26% 15% 32'A Aug 35 27 % 72 15% Jan 12 26% 16 % 24 Jan 27% 71% Dec May 26% 16 14 3/4 % 27% 71% Sub 10 3A May 26% 16 Texas 15 Vz 27 71 1 47 26% 4 12 Dec 27%. 1534 30 Dec 26% 2,700 16 70 3 Dec Apr 10,900 13% *17% 70% 11% Jan 5% 21% 13% 18 16 58% Dec 34% 21% 13% 61 Vz 48 19 21% *17% , 70% 16 25% Apr 20% 13%" 1534 13 Jan 13 18 21% 61 'A Jun Jan 13 .25 Jun 14% 12% ,10 8 46'A 12% No par 36 Dec 13 20 Sulphur Texas Pacific Coal & Oil 203/8 May Dec 0,300 Producing Co 48% May 65aA May 12% 4,300 13 100 20% _—1 Gulf Dec 25% 33% 13 12.50 .4, Gulf Texas Feb 5 % 32% 13% 17% 250 Co 3 Dec 13% July 12 4% Mar 21 33 13 *99 13% Corp 3 10% May 32'A 13% 100 *99 17% Co. Gould Tennessee 453/a x 32% 13 % 100 13% B America (The) Telautograph 22 29 7 32% 13% 13 100 preferred Texas 33% Feb 33% 13% *99 21% Co__ Cp Talcott Inc 1 (f% Dec 29 Nov *99% 33 % 13% 17% Corp Paper Symington 16 12 % Dec 6 100 33% 21% Inc International $4 29 19% May 67 Jun 99% 13% 17% California of oi 100 21% Sylvania Elec Prod Inc com—No par 2 G% Nov & 8,000 31% 20% preferred Sweets Co Swift 800 37% *17% No par series Biscuits 15 28% ■ preferred 16 14% 37'A 17% pfd__ Dec 14 % 21% oommon common.;. 14% Jan 227 15 *30% 14% 37% 21% No par . Corp 17 Jun 8% Aug 30 Jim Corp Sunshine 8J 31% 37% "17% Sunray Oil Corp common 4 % % preferred series A 17% Jan 21% Sep July % 14'A 37% 1 Class A 4%% 8 13 127 jun I Dec 37% 20 Corp Co *30 14 % *14 33% -9% Oil 31 200 99 % "94% Sun 400 13% 1..1 36% Feb 14 7% Mar 25 July 235 122 14 9 la 17'/2 19 50 33% $4.50 series A preferred—No par 12 *49% 13 1 ! 8,700 49 13,600 No par Webster Chemical Sun Inc common 100 19 26 101% 23% —5 prior preference "Sunbeam 1 Sep *99 _.—.15 Corp Stokley-Van Camu % Oct 27 66% Oct 17 9 July Dec Co Inc & 18 Va 49 31 14% 37% 25 90 31 14 9 % Jan Jan *30 37% 12% Feb 11% 31 14 Stevens 18% 49 37% Stewart-Warner 18% 49 19 'A 14 15% Jan 98% May 70% Nov 29 % Shares 25% 1013/, 19 37% Jan Dec .——No par $ per share 26 'A 19% 49 for the Week 101% 19 *48 Sales 26 101% 49 Friday Jan. 20 *101 *101 18% 18% Thursday 26% 101% 14 Jan Nov *29% L 6 26% 26% *101 37% 18% July 29% Jun % 31 (The) 0 • 26% . 101% 13% 18 d *48 t per share 37% 20 91Ve 18% 49 *101 Jan. 19 t per share 1 Dec Dec 13% 49 %' 101% Jan. 18 f per share 26% 26 lul PRICES SALE Wednesday ,—5 100 Dec 3 26% _100 HIGH Jan. 17 I(> $ per share Spring common—1 preferred —50 Steel Starrest Co 7 6 26 common.,..^, Brps Stores Inc Sterling Drug Inc common 22 9% Jun Ohio of Jan. AND Tuesday Monday 14 I per share convertible Jan 16 % Mar RECORD Saturday Jan. (375) Sterohl 27 24% Jan Oil '/a o CHRONICLE LOW STOCK preferred series A„ 11% o YORK Par 13 32 % Mar 1 STOCK EXCHANGE 4 per share 14 43% May Jun NEW Highest X27 88 YORK FINANCIAL STOCKS Year 1948 Lowest & 9-/8 yy4 9 Vb 9% 9 3/8 9% 9% 107% 107% 107% 107'A *106% 107 107 9 107 Vz 107% A '." "17 t per 7,900 17% *16% 17% 500 9% 9 Vz 9% 30,700 108 120 12 *106% 108 13,100 19%! Aug 25% Mar 13 Truax-Traer 5 17% July 10% 10% 10% 10% 10 3/b 10 % 10% 19% Jan 11 Vz 11% 3 25% Dec 17 20th 31% 23% 24% 23% 24 Vb 24% 24 Jan 32% Jan 243% 23 Ve 24 23% 23% 8,100 0 37% Dec 16 $1.50 conv preferred No par No par 24 36% *35% 36% 35% 3534 Jun 35 Va 35% 35% 98% Sep 35% 35% 36 2,000 21 2 6'A 35% 26 $4.50 prior preferred No par *101% *101% 103 60 8% 9 1.400 31 300 92 Dec Jan 4% 24 Dec 100% 9% Aug 30 8% May Jun 32 Vz Dec 14% 47% Jan Jan 24 15'% Jan 103 Dec 10% Nov 18 3 Coal Co Century Fox Film Twin com City Rap Transit com—No par Jun 20 34% Nov 18 5% Jan 4% Jun 13 67% Jan 7 Twin 12 Jan 8% Jun 14 10% Dec 31 Dec 59% Jun 39 Nov 29 46 Jan 12 9% Mar 16 % Jun 103% Feb s 123A Apr 6 Union 19 Vz Jun 17 31% Jan 7 333% Jun 13 45 Vz Dec Union Bag & Paper Corp—-No par Union Carbide & Carbon .No par Un El Co of Mo pfd $4.50 ser—No pal 5% prior conv Coach preferred *8% i —50 Co 0 1 103 *101 8% u: 0 5% 103 8%' •*8% 29% 30 *101% "101 103 Va 103 *101% 11% 11% 103 8% 8 % *8% 8 Va 8% 8% 29% 2934 29'% 29% 29 % 29 Va 5% 5% 5% 5 Va *5% 5% 5% 5% G.700 11 ,. 20 5 Va 5% 53/a 11 VH 11% 11% UVb 11% 11*8 11% 11% 11 % 11% 6,000 43% 43% 44% 44 44% 43 44 43% 43% 43% 44'A 2,600 13 „ 12% 13 13 13 Vh 12% 12% *12% 12% 12% 12% 27% 27% 27% 2734 27 % 27% 27% 281/4 27% 23 28 28 Vz 6,900 43 % 43% 43 43% 43% 44% 433/8 44'/8 43% 44% 441-4 44% 24.300 112% 112 xlll% 111% 111% 112 112 *95% 98 "96 U 9%. Dec 39 27% Feb 37% Nov 39% May 43'A Nov 12 Udylite Corp Underwood (The) ,_1 Corp Asbestos 11 No par & Rubber .5 Co *43 ' 12 3 ' 4 103 Oct 110 Jun 107 Jan 6 112 91 Feb 98 Jun 94 Jan 13 96 Nov 16 Preferred 80 Nov $3.70 series No par 90 Jan 86% Jan 7 94 Aug 5 Preferred $3.50 series. No par 91% 91% ,25 26% 21% Aug 30 Feb 38% July 25% Jun 13 Nov 14 96 % 73% Jun 14 32% Sep 89% Jan Union 79% 21 Union 45% Sep 48 Apr 16 51% Feb 31% 15 Jan 513/4 July 417% Jun 30% Dec 28 363A Jan 6 July 22% Dec 103 % Nov 1103/4 Jun 30% May 20% July 15 104% Jun 14 Dec 29 109% Oct 27 4% 9% Nov 19 Va Apr 10% Jun 13 Nov 90 Va Mar 61% Jan 3 19 Jan 23% Oct 19% Feb 16 31% Dec 31 Jun 27 106% Dec 15% Jan 43% Jun 28 9% Oct Feb 38% Feb 36 5% 103 6 Va 27% 29 2% 41 Nov Dec Dec July 2% Jun 13 40% J«n 13 3 % Dec "4% Feb 60 Dec 9 82% May Apr 16% Feb 28 % Jun 37% Jan 463A Jun 48 Feb 18 % Dec 23 11% Dec 33A Jun 45 21% May 58 % May Jun x44%Jun 16 May July 18% Feb 19 16% Feb 89 Feb 15% Feb 92% Feb 166% NOV 32% May 101 183/4 Feb Jun 94 Mar 32% 32% 32 32% 3 2'A 32% 2,700 263/8 26% 25% 26% 26 26% 26% 27 23 26% 25% 26% 11,400 110 110 convertible preferred Lines Air Inc No par Carton Co Unite Clg-Whelan United 21 United Dyewood 7% preferred Corp. (The) Jan 10 6 Stores 15 30 Ye Dec 3 19 173A Jan 8 U 23 U U S 39% Feb 53% July 38 Jun 13 49% Jan 28 U 49 Jan 58 52% Jan 12 72° 13 U 13 30% Dec 23 11% Jan 3 16% Oct 27 7% Jan 19 8 % Apr 18 Dec 110 200 14% 14% 15% 83% 83% 84 % 84 Va 300 30% 3,600 31% 108'% 8% 311/4 *107 31% 4.08 % 8% 8 Ve 36 *35% 36 40i% *38 40% 3% 3% 3% 3% 3% 47% *47% 43'A 48'A 48% 3% 3% 3% 3% 3% 9 9 3/8 9 65 68 Va 70 71 16% 16% 16% 16% 16% 16 16% 16% 5 *41% 42% 42 42 42% 42% 42 42 % 55 V« 553/8 55 55 Va 55% 55% 55% 56 10 Mfrs of 183/„ 18% 18% 18% 18 3/8 18% 18% 18% 13% 26% 2 6 3/4 26% 26% 26% 26% 26% 26% . Inc 1 Theatres 30% *107 10,100 108% 8 Va 8'A 36 36 "38 ■'% 40 600 1,500 1 3A 100 16% *16% 16% 1,800 42 42 42 55% 56% 56 % 57% 14,300 18 3 8 18% 18 Ve 18% 29.500 26% 26% 26% 26% 42r 900 6,200 : 13% 13% 13% 13% 13% 13% 13% 8,500 23 23% 23 231/4 23% 23 Vz 11,200 23 23 22% 23 23 231/4 22% 23Va 22% 23 23 23% 12,700 29% 10,100 28% US3!, *183% 9% common No par class A No par * 8.% 28 3A *183% 185 28% 103 Va 9'A 28% *103 29% 103 Vz 185 28% *103 15% a 185 93i 9Vz 5IV2 *50% 24 24 *23% 834 8 34 8% ,8 % 8% 29% 103 '/z *15% *184 *9% 50% 24 28 34 103% 15% 117 51 9% 29Va 103% 115 51 9% 52 24 3 28% 113% *184 9% 52 70 8% 8% 9 Ve 9'A 6,700 28% 28 Vz 29 28 3/8 29 16% 16 V* 16% 16'A 16 3 8% *8% 8% 8% 47V4 47V4 71 800 8% 163« *70 9% 8% 28% 71 1S6 1.700 8% 47 Vz 20 200 4,400 24% 16% 47 9% *50 114% 51'A 29% >69" *184% 16 23% "8% "68 10 51%, 113 104 23% 1634 *47 185 *50% *15% 23Va 29 in 114% 29 Ve 104 23V2 1 20 9% 16 23% 10 . 550 *16J% 23% Leather common 70% 13% 24 conv 703$, 23 No par Co 6,800 70 % 13% Industrial Chemtcals preferred S Pipe & Foundry Co.S Playing Card Co 75,400 70% 23% *183% Lines 3% 9 Ve 3% 9 200 13% *50 4% % 9 8,300 23 5 100 com 3% 3% 49'7 13% 185 100 Machinery preferred 3% 9 3% "48 231/4 117% preferred 3% 48 13% 116% . 93/8 31/2 48 23 _l interest. 8% 117 Co 3% 9 65 Improvement Co Hoffman 3% 8% 5 Co & 334 8 Vz 3% 47% 116 U 8 Va 35% *108% 14'% 85 % 3% 115% Partic & U 31% *107 110 15'/a 48'A 16% S *83 ' *38 *15% S 15% Jun 81/4 16 U Jan 40 16 22,. 9 3A 35:1A' 40 *103 S 21% 3534 40 16% U 36 8% 36% *38 8% 103% 5 Jan & 7% Dec 8% 36 40 *16 26 % Oct May Fruit 4%% Sep *8 36 *103 4 Dec 11 '/> 108% No par 27 7% 31 *107 No par 20 28 11% 14% No par Oct 17% 110 15 85'% Foreign Securities Jan 93/8 Dec 110 1st preferred.. Freight Co S Gypsum Co common 10% Sep 13 31 108% 14:% *83 64% Cos S 57 3% Jun 30% *107 *108 No par Coal $4.50 U 85% 65 Gas Corp. Certificates 102% Nov 14% • 65 Engineering & Foundry 187 3% *47 without div—..1 United 116% Dec 36 *38% com—30c Electric Paramount • *8 No par 100 Merch 7 31% 108 Vz Corp common..—1 United 11 31 Corp—No par United 25% Dec 14'A *82 *107 $3.50 convertible preferred—_10o United 20 111 *103 14% 84 3,000 ' 30 Dec 110 14% 84 ■ • 10 Corp ; Fastener United Gas May 25 177/s Apr 28 No par preferred & *107% .100 13% Sep 6% Jun 10o common_._10 preferred 23 Jan 32 1/8 26 43 20. 32 VV Carbon Jan page 32% Board 3/4 see 32% United-Carr 8% footnotes 32% $4.50 Dec For 32% , United Biscuit of Amer Dec July 4,200 51% 4 Vz % % 42 12,100 86% 51% United 1'9 Va 4 26% 86 50% 26% Dec 13 175 26% 85:A 50% 24 x89 % Jun Jun 26% 85 % 50% United Jun Jun 26% 06 50% United 1133/4 17% May 27 85 •% 51 19% Dec 28 76 26'% 85% 50% 55% Dec 12% Jun 179 2714 85 7 May Dec 26% 6 24 Va Dec 8 54% Jun 25% 42% Dec 6 1.020 50 3/4 —_—50 com 22% Jan 93/4 Mar 23 19 Va Jun 300 98 91 Va 91 VB 85 3%' Dec 14 % Aug 2 34% Jun 22 91% 26% United 16 91% 50% United Dec 91% 84% 18 70 x91 % 50% 9% Dec 15 24 98 91% 85% Co preferred 47% Sep 22 *95% 91%. 26% 21 3% Oct 25 93 91% 91% 112 50% 20 Dec *96 112 85 38% Jan 3 98 "96 98 112. -50 RR 40 13 29% Jan Jan 5 Va 55 293A Jun July 21 26 *96 112 ^Tank Car Co... No.par Aircraft Corp common 5 United 15 Dec ~ 14% Oct 85% Oct California of Pacific non-cum Union 11 57% Oil *112 2,300 46% *70 28% 29 29 Va 29% 6,800 8 16% 16% 16% 16% 7,100 81/4 *8'A 8% *8 V8 83b 100 461/2 46% 46% 46% 2,900 47 71 *70 71 *70 71 19 20 * (376) COMMERCIAL THE Range for Previous Range for Year 1949 Highest t per share Lowest $ per share Dec 37% May 19% May 86 Dec 94 82 37% Dec 21 Dec 37 \\ ,63% May 49% May NEW Dec 23 93% Nov 43 Jan 26 Jan 31' Aug 112'A Jun 12 137% 13 133 Jan 58 % Jun 33' Oct 4 Dec 72 Apr 62 Oct 3 46% Apr 72 18 13 129% Mar 140% Jun 129% Jun 8 140 % Jan 17% Feb 19% Jan 18% Jan 4 22 37 Nov 42% May 38% Jan 3 44 % Sep 2 4V2 Mar 6% May 4' Feb 24 6V4N0V 3 Dec 20' Jun Dec 98 % Jun 2% Dec 6V4 8% Jun 12% May 85 % Jun 80 26 Nov 29 11% Nov 30 14 92 Dec 14 4 Apr 29 2' Jun 31 Jan 8 29 22 Dec 34 Jan 21 Feb 8 27% Oct 17 16 Feb 20 Jun 12% Jun 14 17 Vz Jan 7 4 Mar 10% Jun 3' Feb 25 9% Sep 29 Feb 23% Jun 19' Jan 17 25'A Sep 2 19 Feb 150 170 42 14% Feb 27' 9' Dec 213A Feb 14 Jun 12% Dec 10 a 7 May 170 0 Feb 43 % Jan 15% May 70 Mar 156 May Dec Deo 7'A U 64 9 Dec 12 Corp common¬ pl'd series A Rubber S U S Co Wednesday Jan. 17 Jan.18 Jan. 19 Jan.20 $ per share S per share $ per share $ per share 27' —100 40 '/a —100 128 ' 6o Steel S com 1% U S Corp 1% No pax 21% 25 *41% —1 5' preferred-. Stockyards Corp United Stores $4.20 non-c 2d $6 Wall 47o Paper Inc 10' *97% 3Ta 2 common CO *26 Universal-Cyclops Steel Corp 1 Universal Laboratories 1 24 Universal 4VA% Pictures Inc Co Inc 15 % 26% 94 41' 40' 41% 41% 127% 127% 40% 41% 40' 127 % 127' 126' 37' 37% 38 67'% 67 % 67% 26' 26% 141% 141% 5163 43 10' 100 '•'GO Vh 127% 127% 990 30 % 40% 40% 11,500 67 V.! 67% 800 27% 28 % 151,400 141% 141% 21% 1,200 27' 27' 28% 141% 141% 21% 21% 21% 43% *42% 43% 5' 5' 5' 5% 4 15% 10% 10% 99 99 4 3% *26 *15 % 3% 28 61% 10' 37 162 162 162 *60 % 61% *60 % 15% *15% 100 3% 3% *27 2,500 28 16 5% 162 10% 2.500 5% 5% 24% 23' 400 5'A *23' 24 10% 1,300 10% 100 28 15% 5% 10% *98 3% a 2,300 43'% 5' 10' *26 5% 24 21% *43 100 *98 15' *5 24 10% 5' 3% .*15% 5% 21% 43% 5% 28 24 164 161 15' 5'% 24% 21% 10% 3% 28 141% *42% ; 100 *26 28 15' 5 *24 10% *98 4 *26 15' 4% 11 27% 141% 2l(4 *42% 5% 10% 21,300 67 % 43% 100 8,800 94 127' 21% 10% Shares 26% 67„ 5' *97% 26 *90% 39% 21% 5% 26 94 39 *42 % 21% 104 10% . 141% 26' 141 the Week 67% 38 67% 26 '*91 % for Sales 41% 40% 128% 37% 27 Friday 9112 67% 5 100 preferred * 94 *91% Thursday 26% 26% 26% 94 40 24 % 1 com 27% 128 28 5 Universal Leaf Tobacco .com_No par 8% preferred _100 41 128 % 142% pfd—5 preferred conv 26% *141 No par preferred conv United 27 % *91 % 38 'A No par _100 27% 94 $ per share G8 common Co non-cum United *67 com preferred Tobacco 38 50 Smelting Ref <fc Min preferred 1% U *91% —10 common 1st preferred- non-cum PRICES Tuesday Jan. 1(> I per share Plywood 8% Mar 17 26% Dec ■ S s', % 21 Nov 8% U SALE HIGH Monday Jan.1+ Par 18 30 29 Monday, January 23, 1950 Saturday t per share 3 Apr AND LOW STOCK YORK EXCHANGE Highest 1 per share 22% — CHRONICLE STOCKS Y'ear 1948 Lowest FINANCIAL & 23' *16C 162 162 2,400 800 100 10% 10% 10% 10' 11 6,100 *60% 61 % 162 10% 11 61% *60% 61 % 60 % 60 % 10 22'A 2,900 V Jun 28 15% May 7% Nov 26 Ye May 20Vt Jun 17 Oct 12V« July 15% May 29 ya 20 16 Dec 85% Jan Van Norman 14 10 ^ Feb 19 ya 27 Van Raalte 10 Nov 14 21' 21V4 21' 21' % 9% 9% 9% 9' 10% 27% 27% 27% 27% *27' 27 5 a 21' 9 % 9' 9 22 22 Va- 21' 27 13' 13% 13' 13% 13' 14 3 25 Oct 6 Vlck Chemical 21' 21' 21' 21' 22 22' 217 21' *21' 0 Vicks Shreve 99' 98 98% *96 99% *96 98 98 *96 45% 45% 94 May 97 Dec 27 Jun 85% Jan 0 98 Dec 16 48% Jun 33 y* Jun 17 47 Dec 14 bu Get 96' Apr 91 Jan 7 100 Dec 28 14' July 5 Jun 0 11V* Jan 5%> Co & 2.50 Pacific Ry com.lOO preferred 100 non-cum Victor Chemical Works 3Y2% preferred 21 Va-Caroiina Chemical Feb 124' July 82% Jun 17 118 Jan 21 Nov 18% May 15% Jan 3 20 Dec 17 6% div partic preferred Virginia Elec & Pwr Co com 113% Jun 29 118 Feb 14 8 Va *91' 10 19' Dec 23 23% July 14 Va Iron Coal & Coke 4% 38% May 26 Dec 27 32% Jan 12 29' Nov 34% May 28 Nov 29 33% Apr 6 101 10 Va 1,900 27% 14 33% Oct 27 8 30' Apr 30 2414 Dec 39 Yi Apr 25% Jun 25% Dec 32% Jan 23% Mar 29 Apr 32% Jan 30 Mar 10 32 66 Jan 45 Jun 8 80% Jan 28 Wabash Waldorf System pfd 101 *45% *99% 8' 46 y2 600 13' 14 'A 10,700 21% 22 99% 98 *96 45'A 45 % *99% 101 *99% 99% *96 93 46 101 30 101 45 y2 101 1,800 *100 30 45% 1,200 101 8 8 % 8 Vt 90% 92 90% 91''2 91 91' 90 901 a 09 y2 89% 1.410 19% 19' 19' 19 19' 18' 19Va 19 19 ' 19'A 19% 17,500 116' 115 115' 116 116 20 20 *20 *29 "A 8 116 116 116 21 28' 0 45' 101 *99% 101, a 13 7 13' 94 20 Virginian Ry Co common 6% preferred Vieking Corp (The) Vulcan Detinning Co common *96 *96 46% _10c Dec 1% *99 V2 10o preferred 15 y4 Apr 26 101 46% No par com 28' 1 99' *96 10o — 14' $5 *96 S common 93 14' Jan 9' *27 22 Jan 85% Mar 22 ' 27 13' 95 Jun 26% 13% Feb Jun 9' 26% Vertlentes-Camaguey Sugar Co__6% Dec 117% *9% 10 inc 6 Dec Jan 21' 2.50 Co Co 13Ya Jan 86 109 21% Corp of America—No par ' 32% 7% Mar Vanadium 25% Apr 25 11' May 13 *20 22 20 29 *27% 28% 28 2914 29'A 29' 8 Va 115 22 21 21 28% 28% 28 29' *29 % 115 29' 8% 7' 8 ' 29' 8 Va 8 115 6.600 115 200 20% 20% 21 28 28 28 28 % 1,900 29' 29' 29' 29J% 500 *20 % 330 0 *33 33' 33' 35 1.000 20 *27 28 'A *27% 28' 28 ' 29% *28% 30% *28% 30% *38% 3 OVA 1,560 20 *31 32 % *31 y2 32 Va *31'% 32% *31% 32% *31 % 32% *31% 32 y2 100 preferred *56 58 57 57 *5G 5 33' 34% 34' 34' 34% 34% • 34' 34% w 57% Aug 12% Dec 15% Jan 12 Jun 30 14% Sep 28 Dec 35% Jun 25' Jun 13 31% Nov 25 100% Apr Xl8% Mar 105 101 Aug 27% May 8% Feb 21% Jun 6' Jun 16% July 105% Oct 1 29 13% May ICV2 Mar May 19 xl2 Jun 13 33 19 RR Walgreen 4% 4%% Co preferred *56' 57' 'a *14 "4 14% 14% 14% 14 »A 14' *30% 31% *30% 31% 30 % 20% preferred— 100 *103 32 Dec 8 Walker (Hiram) G & W No par 9' Jan 7 Walworth No par 7 Ward Baking Co common Co 14 17% Dec *83% Mar 101 Jun x87V2 Jun 14 101% Dec 2 5%% 9% Nov 14 May 9% Jan 3 16'Dec 16 Warner Bros Nov 32 Jan 18' Jun 22 30% Dec 19 Warren Foundry & Pipe Xl9ya Nov 34' May 14 Jun 14 22% Jan 7 Warren 20% Jan 27'/e Aug 23'/a Jun 27 25% Dec 20 Washington 12% Deo 20' May 11% Jun 14 14 V2 Sep 14 Waukesha 16% Dec 22 Sep 16 ya Feb 10 24% Dec 13 Dec 30% Jan 11' Apr 21 Wayne Knitting Mills Wayne Pump Co— 22 13 3' 6% May Dec 26 Sep 34 Va Aug X80 Nov 86 ya Jan -19% Mar 22 5 13 27% Jan 7 Wesson Oil 84'Dec 27 23% Jan 21 16% Sep Teb 13% 19% July 22 ' Oct 29 14' Jan 3 Year Nov 4%% $ per share 1 15' 1514 15% 15' 15% 15' Co Feb NEW 23' 31 Western Air 14 Western 23% 23% 23' 112 111 % 111 % •110' 110 *108% 110 T08% 108% 107' 108 3 07' 14% *48% *108 14% 49' 109 13% 47% *108 14% Western 33% Dec 17 30 24 6 15 Dec 26 Nov 39% Juu 2iy» Jun Dec 33'A Jun 91 y8 Feb 101% Juu 25 Dec 40% Jun 80 Jan 37 Mar 83 Mar 23 Feb 70% Nov 18 20% May 31 13 May 102 July 57% Oat 24 May 31 13 98% Feb 21% Jun 115 Saturday Dec 29 7 30 104 15 Aug 11 26' Jan 11 7 Mar 30 23% Jun Dec 34' Jan 33 115 Dec 19 4% Inc Preferred Motor 32' Dec. Sewing .27% Feb 28% Feb 8 32 4!4 Jun 6 x42% Jun 22 1 '•* Jan 8 57'Dec 13 15 12% Dec 13 21 79' Nov 17 10% Not 17% May 69 Dec 88'A Jan 70 Jun 12% Dae 39 Jan 10 Jun 6 14% Jan 14 8% Jun 1 20 Prior Oil $4.50 series A 17 Wilson-Jones 21% Dec 15 Wisconsin EJec Power Co Nov 29 2 35 Nov 30 Jun 44 Sep 27 49% July 29 SALE Co 85 To 14% i.roo 47' 47 108 1,400 10 108 PRICES Jan. Jan.18 $ per t per share 8% Friday Thursday Wednesday 19 Jan, 20 $ per share Sales for the Week share Shares 8' 41 16' • 8% 8 'A 40% 40% 40% 2.400 16% 17 % 8% 40% 8 % 41 17 16' 17' 24,200 21% 4,000 *104 % 104% 25' 25','2 30 s No par *52% 12% *78 114 34 70% 21% 21 21'% 4 25% 231 25' 26 19, .00 31' 31% 31 % 31' 31%. 31' 40,100 104%' 104' "104% 104';' 104 V-. 104 ' 500 24% 2,200 -2514 25 109 1U9 114 25' i 14 47 48 746% "83 84 1:3'?» 83% 31' *30 ' 31% 31% 31' 15' 16 16% 16% 16' 16' 7 6 lti'n 33 V4 33' 53 33V 33 5% 53' 53% 13 12' ' 80 *77% "•A3 ,8 23% 34 34 34 13% 13% 13a4 '•13% 13% 5% 6% 5% 6 H 47 63'' 84% i *30% 16 a M 33' %3'A 13% 13% 5% 5' 2 ■•21 4,700 33' 34 100 13% 2,400 53% 53 53 52% 53 % •52' 521 a 52 5T' 14,000 52 % l,o UO 12% 12-% 12% 12' 13% 12% 12-'! 4 12' 13' 13,000 80 80 80 80 *78' 80 80 *78' 10' 10% 10% 10% 10% 11 11 21% 21% 21' 21' 21% 21% 21 13C *138% 142 *138% 142 *138% 10' 10' 10' 21% 21% 22% '138% 142 200 11 21V; % 142 •138% 10 33% 33% 33% 33% 33% 33% 34 34 33% 33 % *33' if Co 6,800 31' 1G% 5% 6 10' *138% 114 *13' ■ 33 21% 142 73% 4675 47 15.660 ' -109 "4 —1® com 24' 47% 6 % 300 25 ■' 31' 34' 73 % 20% 45 13 2,800 20' 83 % *33' 12' 31' *71% 7>> 45% 33 % 6 *110 500 33 31' 31' 31'A 33 % 12% 114 *32 33 1 25% . 31% 104% •32 83 16% 1 Co (F W) 108% *14' . 109% 44% *30' —I® 6% preferred Woodward Iron Woolworth 14' 110 107' 150 111' 108]2 2 o3 46% 16 No par 140 22 , *110 31 % No par common 4 Oct 85 ) $4.25 preferred Jan Jun ■ 25% *30 com 123 37' 114 45% BS) Motors Jun 49% *110 *33 ' Jan Feb 111' ■ 48 =-4.6% *108 73 f pfd csnv 14' 14% 47 109% 108 72'7 com 18 No? 14% 47 * 72% 1 x!38 41% 108* *70% __No par Dec 28 *107' ' (The Machine Wilson & Co Inc 24% 24' 111% 108% 72% Co Willys-Overland 24 % *107' *70% 10Q Dec 13% Jan . 72 % preference Wilcox 22.700 *70% Co White White 24% . 111% 24% 111% 30' -12 6® prior pref 15 7,200 32' 25' 19 20% 4 104% 16% Dec 19% 32' 104% 3 20' 30% *24' 13 19' 32% com Instrument 13% Jan 20' 31 pfd series B 12% Jun 10,600 32% Wheeling & Lake Erie Ry 100 Wheeling Steel Corp com—.No par 22% July 22% ■ 110 9.V6 Mfg Dec • ■21% 24' May 430 85 22' 30% 25% Dee 6,000 26' 85 23 30% 31 Feb 26% 85 32 20 % 9' 1.300 2.400 6 22% 30' 25% 12% 26' 85 700 15%. 6 23' 85' 32 31% Dental 15% 3 •6' 26' 27 ' 30% 30% 104% conv 15 5 6% 33' 25 "4 $5 15s a 6 30% 20% White 14'Dec *32 26 12 15' *108% 8«i 21' 31 23' 110 40% 17% 31% 48% Jan 34 8% 30' 32% Dec . 1G'% 8' 25% 89'Jan 7% May 31 40' 17% 21 2 Jun 41 16' 12% 5 Nov 40 17' No par Elec 23' 1®® Brake 13 27 41 17% 10*3 A Electric July 71 8' 40 ' Westinghouse Westinghouse 3.80% 23% 24 14' Western Union Teleg class A.No par Weston 23 % No ptr com series Air 23 % Ill's jper share 1 pfd RR •23% Mar . $ per share 8' 2.800 Jan. 17 10 8% 14% ' 2nd Pacific t per share 14% *108%' Tuesday Jan. 16 IS® Supply Co Maryland Ry com non-cum Western Monday Jan.14 1,000 14% 20% 109% LOW AND HIGH STOCK Lines 108 25 14' 17 22' 48% 47 Va = 17% *24 Vt 14' *85 24 14% 48% 109% 3.300 17% 17% 25% 26% ■ . . 108% • 1.200 *2%' 6 110 *108 8,800 15% 111% *108% 108 Auto 23 a 17% 23% 6% *111% Par SVs Dec Jan *6 198 lit YORK 16% Dec 29% 14% 25% 6 Va IOC pfd series B EXCHANGE 41% Dec 23% 125 25 ' _Ne par com 4%% preferred 24 5 53' Jun Mar 23% 6 17' ' 20' 32% May 23 8% Feb 24 74ya July 61 23% t per share 8 May 65% May 23% 1 preferred Highest 13 V/s Mai' 23% STOCKS Range for Year 1949 Sep 19% 23' West Va Pulp & Paper com__No par Jun 31% *23' 20 21 2 8 25 20 Jan 14% 28 38% July Jan 14' 17' Jan 36% May 92 1412 50% Dec 22% Mar •27' 14% 108% Jan 25% Dec 14% 14 10% May Nov 14' 21 Lowest 46' May ley* July 58 Yi 25 May 12 $ per share Dec 17 % 25 12% Dec r 5VS 7% Mar 17 >4 25 % 35' Jun 104 1948 34 V* 32' 17% 24' 4.10% preferred series O West Virginia Coal & Coke Highest Sper share 17' 25 20 Range for Previous Lowest 17% 24% *17 ' 20 Va 27 Oct 31 19% 108 Jun 31 20' 23% Power Jun 31 20' Elec 22% 31 4 Penn 51% 31% 25 Kentucky Coal Co Penn 110% 31' 22' West Dec 32' 85 West 2 4-1,800 27 3 101% May 500 15% 17' West 4.20% 101% 14% 14' 6% 18 101' 15 *24% 6 5,100 101 101 3 __a 8% 8% 14' 22' 26 17% 10 7,100 15'4 17' 101 100' Co—No par 17' 8% 500 33 15 84 7 10 8% 8' 17% 18 26' Nov 32% 31% 14 25% Dec 33 32% 33 15% 22' 108% Jan 103%. 100% 84% 115 103% 17 ' 26 30 101 *103 14' 84 % 18 900 31' 97' 25% Apr 14% 31' ' 15 21% 104% Sep Apr 32 300 *14% < 17% 84' 107 Feb 32% 57% 14% 31' 98 ' 22 Jun Feb 32% V % 84% Jun j% No par 8% 21 Vt 107 33' 14 8' 8% *55 Va 14% *30% 104 32' 1 113 100% 16% 97 15% *103 32' 32 No par J 05% Not J 17 104 Sugar Corp Indies iC0% Oct 8'% 99 & Snowdrift com—2.*G $4 conv preferred West a 14' Webster Tobacco Inc— 14 32' 81 103 14 a 14% 31»A 57 *30' —I 6 % Oct 16% Jun 8% 8 16% Corp July 13 78 31' *98' Co 17% Nov xl9% Jun 26% May 8% 104 0 : Gas Light 3 3' Jan 32 *103 100 — Pictures Motor 104% 1 preferred Petroleum 56% No par No par •. common 49'A 49% 49 49% 49% 50 .49' 50 49% 49% 49% 520 8.400 142 34 '/a 500 00 12,600 22,000 Worthington Pump & 13% Dec 58% it' Jun 14 29 Machinery X59% Feb 24 72 Oct 27 Prior 64 Jun 10 76 NOV 9 Prior 68 Feb 25 89 Dec 19 25% May Dec 81% x82 Nov 94 May 58 Jan 96' July 60% Mar 69 8 Mat Dec 34' Feb 8 20 12% Oct 19% Jun 10 Jun Jun Jan 28% Nov 28 Oct 53% Jun 13 77% Dec 15 10% Jun 28 14'Jan 6 20% July 12 33% Dec 4% Oct Feb 24 65% Dec 89% 13% Dec *Bid dividend, x!9% May y July 6% May and asked 17% 18% 18 % 19% 18% 19' 71 71 71' 72 72 72 <0 75 76 77 79 79 79 Aeronautical *£4 86 No par *81 81% ft 12 12 No par York Oct 17% 71 10® prices; 3% Feb no Ex-rights. sales 8 on this day. *70' series—_IC4 Yale 7 18 8 17% *74 series conv (Wm) Jr iDel) Wyandotte Worsted Co 12% Jan 15' 35 4%% Wrigley 39% Jan May Feb 15 27 30% Dec 29 16% May 48 Dec Dec 13 Feb Dec 3% 82 No par common pfd pfd 4%% Wright 30% May 13 16' Jun 17 10% 37 19' 18% Dec 8% Feb 66 July 11% 23 Feb k Towne Mfg Co Corp common 4%% conv preferred tft 1 8Q . 27% 11 *38% 23 . 18 V. •-72 78% 19' 19% 19% 72'a 71 72 79% 77 Va 73 200 380 36 *83' 86 *84 80 *84 8012 80% *81 81% x81 81 81 81% 81 81% 1.000 12 12'% 12% 12' 12' 12 12' 1,900 23% 28% 28' 28% *83% 27% 12' 27% 11' 11% 38% 27 Va 11% 38' 38% 11% *38 12% 28' 12% 26% 86 '84 80 28% 4,500 11 Va 11% 11% 11% 11% 11% 11' 7,700 38% *38% 33' 38' 38' 39' 39'A 300 Young (L A) Spring & Wire .No Par Youngstown Sheet k Tube—No par Youngstown Steel Door No pa* 28 28' 28 28 28% 28' 28 28%. 28 28 23 28 74% 74' 74 74% 75 76% 76 77% 70% 76' 76% 77% 12' 13 13 13' 13% 13% 13% 13' 13% 13' 12' 14 23 Zenith .No pax 33 % 34' 33 33' 33 34' 33 33' 32' 33 33'% 33' 8.100 13 Zonlte 1 4% 5% 5' 5' 5' 5% 18,200 Radio Corp Products fin receivership, or Corp. petition has been filed for company's 4% 5 reorganization, 5 a Deferred 5 delivery, 5% r Cash sale, s 5% Special sales, wd When distributed, 1,500 14.700 5,500 x Ex- Number 4875 17.1 Volume THE COMMERCIAL Bond Record italic letters in the column CHRONICLE (377) Mew York Stock c<» FRIDAY The FINANCIAL & headed WEEKLY - Period" "Interest Figures after decimal point Exchange YEARLY - indicate in each the case when the month represent one or more .'JSd of bonds mature. point. a LOW AND HIGH Range for Previous GOVERNMENT Year 1048 Loweat 105.1 Range for Year Lowest Highest 1919 NEW Rlgnest YORK Saturday BONDS Jan. Low EXCHANGE Low Hlrh Wednesday Tuesday Monday Jan. I t STOCK 16 Jan. Jan. 17 Low High Jan. Low High High *103.19 103.28 Dec 2 103.28 Dec 2 Treasury 3s_ -103.20 103.22 108.28 May 108.13 Jan 26 108.13 Jan 26 Treasury Treasury 2%s 1955-1960 *109.11 109.14 *109.10 109.13 *109.10 109.12 *109.8 109.10 *109.6 109.9 *109.5 109.8 2%s —1951-1954 =>102.22 102.24 *102.23 102.25 *102.21 102.23 *102.21 102.23 *102.21 102.23 *102.21 102.23 Treasury Sep 2%s 1956-1959 *110.25 110.28 *110.25 110.28 *110.25 110.27 *110.21 110.23 *110.20 110.23 *110.20 110.23 Treasury Treasury 2%s 1958-1963 *112.4 112.7 *112.3 112.5 *112.3 112.5 *112 112.2 *111.30 112 *111.30 112.1 2%s 1960-1965 *114.4 114.7 *114.4 114.7 *114.4 114.0 *114 114.2 *113.30 114 *113.30 114.1 *101.6 101.8 *101.5 101.7 *101.5 101.7 *101.5 101.7 *101.5 101.7 102.22 *102.19 102.21 110.23 Mar 11 110.23 Mar 11 1951-1955 *103.20 103.22 103.21 *103.19 *103.19 103.21 103.21 *103.19 Treasury 102.31 Jan 14 Feb 3 2%s 1950-1952 *101.6 101.8 Treasury Treasury Treasury Treasury 2VaS 1952-1954 *102.21 102.23 *102.19 102.21 *102.20 102.21 *102.19 102.19 102.21 2VaS 1956-1958 *106 106.2 *105.29 105.31 *105.29 105.31 *105.29 105.31 *105.27 105.29 *105.26 103.23 2'/2s 1962-1967 *105.14 105^6 *105.11 105.13 *105.11 105.13 *105.10 105.12 *105.8 105.10 *105.7 105.9 2'/2s 1963-1968 *104.27 104.29 *104.25 104.27 *104,24 104.26 *104.23 104.25 *104.22 104.24 *104.21 104.23 Treasury Treasury 2VaS__ 1964-1969 *104.16 104.18 *104.13 104.15 *104.12 104.14 *104.11 104.13 .*104.10 104.12 *104.9 104.11 1964-1969 *104.11 104.13 *104.8 104.10 *104.7 104.9 *104.6 104.8 *104.5 104.7 *104.4 104.6 24 Treasury 2VaS 1965-1970 *104.8 104.10 *104.5 104.7 *104.4 104.6 *104.3 104.5 *104.2 104.4 *104.1 104.3 Treasury Treasury 2y2s ___1966-1971 *104.6 104.8 *104.3 104.5 *104.2 104.4 *104,1 104.3 *104.1 104.3 *103.31 104.1 2y2s Jun 1967-1972 *103.19 103.21 *103.16 103.18 *103.16 103.18 *103.12 103.14 *103.12 103.14 *103.11 103.13 Treasury Treasury Treasury Treasury 2VaS Sep 1967-1972 *105.21 105.23 *105.18 105.20 *105.18 105.20 *105.13 105.15 *105.12 105.14 *105.12 105.14 2VaS Dec 102.23 Sep 102.23 Sep 101.7 Sep 101.11 Jan 101.10 Jun 101.19 Jun 102.1 MarTT 104.15 Oct T8 100.25 Jan 103.8 July 25 103.8 104.9 100.24 Mar 102.31 Jan 14 Feb 3 104.9 July 25 100.23 Jan 100.26 Apr 100.23 Sep 100.24 Sep 101.12 Feb 9 101.13 Jun 100.16 Sep 101.12 Jun 101.7 Feb 7 103.2 Aug 2 100.7 Oct 100.27 May 100.18 Jan 6 103.19 Dec 7 102.26 May 102.26 May 100.7 100.23 Oct 101.14 100.28 Jun Jun 14 102.13 July 102.30 Feb Mar 100.4 May 100.13 Jan 20 100 Mar 100.2 Feb 100.17 Feb 103 9 100 9 Sep 100.31 105.4 8 Aug Aug 10 102.30 Sep 20 101.3 14 Jun Jun 2VaS Dec . ' 1967-1972 *103.19 103.21 *103.16 103.18 *103.16 103.18 *103.12 103.14 *103.12 103.14 *103.11 103.13 2 Vis 1951-1953 *102.20 102.22 *102.20 102.22 *102.19 102.21 *102.19 102.21 *102.19 102.21 *102.19 102.21 2Vis _1952-1955 *102.10 102.12 *102.9 102.11 *102.9 102.11 *102.3 102.10 *102.8 102.10 *102.8 102.10 2Vis Treasury Treasury Treasury Treasury tTreasury 101.13 Mar Sep 1954-1956 *105.17 105.20 *105.16 105.19 *105.16 105.18 *105.16 105.18 *105.15 105.18 *105.16 105.19 -1956-1959 2V»s *104.26 104.28 *104.24 104.26 *104.24 104.26 *104.24 104.26 *104.23 104.25 *104.22 104.24 -Ljun 1959-1962 *103.2 103.4 *102.31 103.1 *103 103.2 *102.29 102.31 *102.29 102.31 *102.28 102.30 _Dec 2>/4s_^ 2Vis 1959-1962 *103 103.2 *102.30 103 *102.31 103.1 *102.28 102.30 *102.27 102.29 *102.27 102.23 109.10 Dec 100.31 Sep Sep 100.7 Oct 100.16 100.10 *100.9 100.11 *100.8 100.10 *100.8 100.10 *100.8 100.10 *100.8 2s Sep 1950-1952 *100.23 100.24 *100.22 100.24 *100.23 100.25 *100.23 100.25 ♦100.22 100.24 *100.22 100.24 Treasury 2s 1951-1953 *101.10 101.11 *101.9 101.11 *101.10 101.12 *101.9 101.11 *101.9 101.11 *101.9 101.11 2s -1951-1955 *101.15 101.17 *101.14 101.16 *101.15 101.17 *101.14 101.16 *101.14 101.16 *101.14 101.16 Treasury 2s Jun 1952-1954 *101.25 101.26 *101.22 101.24 *101.23 101.25 *101.22 101.24 *101.22 101.24 *101.21 101.23 Treasury Treasury 2s Dec 1952-1954 *102.2 102.3 *101.31 102.1 *102 102.2 *102 102.2 *102 102.2 *101.31 102.1 2s 1953-1955 *103.22 103.25 *103.21 103.24 *103.21 103.23 *103.21 103.23 *103.20 103.23 *103.21 103.24 Treasury 101.19 July *100.9 iy2s 1950 *100.13 100.14 *100.14 100.16 *100.13 100.15 *100.13 100.13 *100.13 100.15 *100.13 100.15 1957 *101.2 101.4 *101.2 101.4 *101.2 101.4 101 *101.1 101.3 *101.1 101.3 *103.14 103.18 *103.14 103.13 *103.14 103.18 101.18 July 100.30 Mar 1950-1952 Treasury 101.7 2s Treasury 101.26 May 101.8 Jan 26 101.18 Feb 9 Jan 26 101.18 Feb ~9 101.8 Apr International Bank Reconstruction 94.10 Jan •Bid r 98.30 May and Registered 98.24 Jan 10 99.30 May Jan 94.14 99.11 Jan 5 asked price. Dec 9 103.16 Dec 101.3 30 sales transacted this No 110-year k for Development 2 Vis : 25-year 3s day. {Called for _1972 redemption: Treasury 2s March 1950-52, 15 at JANUARY 101 *103.14 International Bank 2 Vis 103.18 Feb. 103.12 103.14 5,000 103.14 23,000 20 March 100, 1957, 103.12 17 1950 at 100. a Odd lot transaction transaction. bond RANGE FOR WEEK ENDED Friday Interest BONDS New York Stock Exchange Period Week's Range Last or Sale Price Friday's York New Friday Bonds Bid & Asked Low City Year 1949• No. High Interest BONDS Range for Sold Low 103% 109% 24 104 109 32 Week's Range or Year 1949 No. Low 64 V„ High 19 —— 3Vis series No. 20 *65 *64 67% 58 June-Dec *64 65 % 56 65'/a June-Dec 18 :— *64 -June-Dec 17-,* *64 64% 58 Va 65 *66Va 67 —June-Dec No. 21- —June-Dec __—— 3Vis series No. 22— 3Vis series No. Range for Sold High -Junc-Dcc 3%s series No. 3 Vis series Bonds Friday's Bid & Asked June-Dec 16_*,^ 3%s series No. 108% 334s series No. 3%s series No. .June-Dec Last Sale Price Low 33/4s series No. .15—; « Sli Corporate Stock 1980 Period New York Stock Exchange High Unification Issue— Transit the "Week Bonds If) 103.21 105.28 Mar Sep 107.4 Sales for Friday Jan.20 19 Low High Low High 8AL1 PRICES Thursday IS 59 Va 65 60 65 ' ■ ' w 59 Va • , 66 65 *68 60 % 67 *65% June-Dec 55 Vb 67% June-Dec June-Dec *66 60 70 3Vis series No. 25 Foreign Securities 23 33/4s series No. 24 June-Dec *64 66 57 66 June-Dec *64 68 56% 65 60% 65 3Vis series No. 26 i 3Via series No. 27 June-Dec 3Vis series No. 28 Brisbane Wertheim & Co. Members 120 New York Stock (City) sinking fund 5s Sinking fund gold 5s 1958 Sinking fund gold 6s 1950 Teletype Exchange Broadway, New York NY Caldas 1-1693 (Dept of) Canada 25-year 3 Vis 25-year 2%s ACarlsbad Foreign Government and Municipal Agricultural Mortgage Bank (Colombia) Cauca Akershus (Kingdom of Norway) 4s 1968——Mar-Sept SAAntioquia (Dcpt) collateral 7s A 1945 Jan-July § AExternal sinking fund 7s ser B 1945—Jan-July *70% sinking fund 7s ser C 1945—J an-July § AExternal sinking fund 7s ser D 1945_Jan-July AExternal sinking fund 7s 1st ser 1957—April-Oct sink fund 7s 2nd ser 1957_April-Ocf ser 1957-April-Oct Jan-July 30-year 3s s f $ bonds 1973— Antwerp (City) external 5s 1958 Australia (Commonwealth) 10-year 3%s 1956 5s June-Dec 1955 Jan-July Feb-Aui? 10-year 3l/4s 1957 J«7ie-Dcc __ 20-year 3Vis 1966 June-Dec —. 15-year 3V.s 1962 Belgium Feb-Aug (Kingdom of) 6s External sinking fund §ABrazil (U S of) reduced to s Stamped to s Stamped A 7s to (Central Stamped reduced f A June-Dec 3.375%) 6Vis of A due Plan 3.375%) Ry) 3.5%) to June-Dec 1957—April-Oct April-Ocf June-Dec Plan 1978 A 72 62 62 * 4 81 94% 47 2 37 V. 47 37% 46% 37% 46% 37 46 Va 43% 47 *47 __ 47 49 2 — — *47 37% 46% 47 47 1 37% 46 Va 47 % 46% 47 Va 3 37% 46 Va 35% 35 35% 17 __ — 103% 5 95 106 102 102 102% 227 97 Va 103% 51 89% 97% 95% — 96 94% 95% 6 89% 89% 90% 75 90% 90% 91 90 89% 90% 113 82 89 95% 84% 92% 84 93% 82% 93% 107% 107% 115% 6 102% 113% 115% 116 __ 8 110% 121 7G — 76 74 56 74 3 60% 75% 56 62 53 54 6 46 1 60% External dollar 3.375%) bonds of 3%s series No. June-Dec 1979—, April-Ocf (Plan B) June-Dec 54% 45 43 ■ — 76 2 61 June-Dec 46% 59 *56% — — 51% — 51 67 Va Va 3 42% 67% 7 62 V. 57% 69 *65 3%s series No. 5 June-Dec 3%s series No. 11 66 June-Dec June-Dec *66% !. June-Dec 3%s series No. 12 June-Dec 13 footnotes see -J page —June-Dec 25. % 57% 66 „ 69 % 8 69 58 % 69 70 2 73 — ' 62% A6s assented Jan AExternal sinking A6s 1961- fund assented Sept AExternal A6s Sept 1961 sinking fund 6s assented 35 30 to.- 59 35 6 37 25% 28% *36% *29 ' 29 b 34 V4 37% 25% 29% 34 36 V 1 4 36% 28% 37% *36% Feb-Aug —. 6s 35 29 Va 28% 291 b 7 26 Va 36% 36% 36% 5 34 Va 37% 28% 29 6 26 29% 34% 37 *36% 28% _April-Ocf *29 28 Vi 58% 73 74 % 60 % 25% 29 36% 25% 29 34% „ AExternal sinking fund A 6s assented 1963 Extl sink fund dollar AChile Mortgage Bank A6%s assented May-Nov 1963 - bonds 2-3s A6s assented 27 Vi 27 7 27% June-Dec 1961 6s 1961 28% 36% 28 Vi April-Oct *36% 1 26 77 25 29 Vi 34% b *36% June-Dec 1957 *36% June-Dec 1957 37% 26 29 40 28% 1 — — 3 ' A7s Consol assented 64% 58% 65 — *66 58 66 59 67% 55 V. 66 *64 64% 37 26 29 34 28% - 34% 29 37% 26 29 35% 36 V a 26 V a 29 Mar-Sept 35% 37% Mar-Sept 1961 26 29 *29 April-Oct sinking fund 6s 1962 assented 28% June-Dec 6V2S AGuaranteed sinking fund A 6s 28% 1993—June-Dec ASinking fund 6Vi's 1961, GVis assented *36% May-Nov 6s 1962— May-Nov Municipal 1960 Afay-Nov 36% 36% *29 o 36% 7s 1960 _ — - • — For Financial Inatitutiona FOREIGN SECURITIES FIRM TRADING MARKETS CA5LMAR?S-LC2J2£: FOREIGN SECURITIES SPECIALISTS 73 *64 *66% — 29 35% 4 *36% .-April-Ocf 1962. 1962 73 71 *66% June-Dec For 69 % 67 *66% — — June-Dec _ 3 Vis series No. 3%s series No. 14 66 .—June-Dec 10 102 V a 35 54 Va 69 59 *65 __ *65 33is series No. 103 Va 100'-a 2* 71 June-Dec ; 104 Va 103 1961—Jan-July Jan-July 1961—.Mar-Sepf Mar-Sept — 53% 67 % June-Dec 33/4s series No. 8 15 107 Vb 103 75 334s series No. 4 '3Vis series No. 9 107 *58 ARy external sinking fund 6s Jan 55% 76 33is series No. 3 3%s series No. 7 104 Vi — 1— 334S series No. 2— 1 101 Va May-Nov 1961 102 Va 59 — Feb 101 Va . 101% 102 107 30-yr 3s s f $ bds 1978_Jan-July external s f 7s 1942_ May-Won 1942— 98 100 6 101% Jan-July Jan-July 1954 15 39 35 % (interest ; 1944 4s 35 101% 75 53% 54 funding bonds of 1931 due 1951. Stamped pursuant to Plan A (interest to 101% 101 A 97 VB 2 55% 73 5% reduced 101% 102 35 Va 65 65 75 73 „ — 101 Vi 101A Mar-Scpf 8s assented ' Feb-Aug 65 58 60 Va _ June-Dec assented A 6s 59 ' • f $ bonds l978_Jam-July I960; April-Ocf sinking fund 6s 1960——April-Oct I960——— April-Oct AExternal sinking fund 6s Feb 1961 Feb-Aug AGs AChilean *55% — 102 % 102 % AExternal AGuaranteed 45 Va 2 Mar-Sept . 65 — 103% — *64 s 1974 (Dopt of) —— 67 (Interest 1952 pursuant V 93% *47 April-Ocf (interest 1979 A ' 47 1957 1979— 1927 to — (interest April-Oct due Plan to pursuant reduced Plan 1926 June-Dec 1941 1978 pursuant reduced AExternal to 3.5%) 6Vis of f Ja?i-July 7s 1955— external 8s Stamped pursuant AExternal 1955 — 1957 1961— (City) §A7s assented 93% Junc-Dcc 20-year 3V2s 1967 70 *70 V'4 — ■ § AExternal AExternal sec Val of) SAChile (Republic) — ^Guaranteed sinking fund 6s 1947 Feb-Awy AGuaranteed sinking fund 6s 1948———April-Oct AExternal sec1 sink fund 7s 3rd 30-yr 3s (Dominion 66 *65. *65 June-Dec 3Vis series No. 30 T elephone *64% June-Dec — 55 Va 1 64% June-Dec 3Vis series No. 29 REctor 2-2300 64 Va 50 Broad St., Telephone IIAnover 2-0050 New York 4, N. Y. Teletype NY 1 -911 21 0 THE (378) COMMERCIAL & FINANCIAL CHRONICLE Monday, January 23, 1950 NEW YORK BOND RECORD RANGE Friday iiU»t Interest P» O N D S j New York Stock Exchange oi' if riauy Sale Price Ci'iUtl (Hukuang Ry) Colombia WEEK ENDED A6s of A6s Year i!)4!) No. Low High 6 5% 1928 Oct 1927 Jan of 5% 3 BONDS New York-Stock 1961 *78 % April-Oct —— __ *78 % Jan-July 1961_ __ 1947__~—Aprii-Oct 47% 47 % SASinking fund 7s of 1926 due 1946 May-Nop §ASinking fund 7s of 1927 due 1947—_—Feb-Aug *47% 42% sinking fund dollar bonds 1970—April-Oct § A Colombia Mortgage Bunk 6%s (City) 25-year gold 7% Cundinamarca Stamped 46% Stamped Stamped 84 A8s secured 79 A7s series secured 24% 101 12% 24% ASilesia 4 104% 113 % A4%s 4s extl 1960 54% 1 50' 97 V 97% 81% 97 7/b 89 86 69 32 74% 76% 51V 2 141 64% 83% 2 extl 3s AEstonia Greek 1976 l of) (Republic 7s 1976 paid participating participating paid 1968 Helsing.fors (City) external 6Vis Irish Free State extl (Republic) sink extl fund KK.' 14 A 4 H% 1% to 3% 1977 §A7s series B Italian Public i 11 V* 11 »/4 121.2 3 11 11% 80 . ■ *61 47 l'/c 3% 6%s 53 100'A 18 Alabama A4 %s ANew 1954 40% 39% 257 101% 40%. 16% 14% 14% 46 5 46 % 1 35% %. Bosch & Telephone 59% 62% 7 37% 35% Drainage —April-Oct & 10032 35 100& ASmall (1922 agreement) 2%s 46 % 99% 5% 5% __ (1942 *5% 1968..-Jun-July due debentures convertible Ann 4 Va A P Arbor W Quar-Jan ASmall agreem't) 15 Va 1945 —Quar-Jan 15% First (1942 agree't) II 10 ALarge *9% ASmall *9% of 1904 (1922 assented §A4s of 1910 ment) due 1954 (assented to 1968 1922 1913 1933 agree't) __i._ ASecured 6V2S (State) extl 1922 Stamped sinking pursuant reduced Jan-July 8% 7% 2i> 6 8% 9% — agree't) n% *n% 1963—Jan-JnZy IIV4 11 % ii'% 10% 20 fund 6s Plan *44'% 1958—Mar-Sept A Plan 2008 3%s sinking fund U% A 8% 11% 38 — 34 *31% 25% 25% 96% 97% 98% 98 7 § A Poland « 40 2 92% 97 88 99 % 8s 1961 of) stamped A 83 % 97% 96% 1966 93% Bell 12 95 1 83 98 81 % 96 to § A 8s external '104% reduced to of *32 *23% San Paulo 8s 1936 (State • - ~ external For footnotes see 105% 105% 14 102% 105% 11 74 Va 81% 76% *80 • . 129% _.___May-Nov 1963 __May-Nou 4s July 78 84 92 69 129 130 % 119 V 95 4 119% 104:% 104% 2 122% 8 104% — . 1952—Mar-Sept 129% 109 ' 119% 102% 104% 103% 102 % 92% 90'2 93 61 80 89 % 973 96 VJ 97% 119 83% 96% 220 49 % & Ohio RR— 5% series B (4% April-Oct fixed contingent interest) July 1975.April-Oct and 3 > G contingent due Dec 1 1995 March March 1 general and due 63 V'4 62 '.2 Dec 1995 1 Jan-July 8 % to 2.375%) Plan to Plan Plan A 72% 52 59 Vb 73 365 39% 52 % 1980 May-Nrn; div first mortgage '5% Ser A ' & fixed & l%% conting. int) 1930 .Jan-July 89 87 80 74 75% 86 68'n 68% 70 18 60% 74% 1985_Jan-Jufy 81 80% 81 7 66 78 Vb Jan-July 91 91% 92 9 80 95 Like Erie & West Virginia— , Cincinnati lien and division ref M 4s series D refunding stamped Creek 4s 1951 1951 Extension of Pa Steel first Loan Jan-July April-Oct 19(50——April-Oct 3%s series 5s debs 1961 debentures 1964 May-Nov 234S I 1970 May-Nop 1979— Jan-July mortgage Maine & series series 3s K RR— 25% 42% First 33 mortgage mortgage 5s 33 24 15 3% Plan series AC series 1967j___„ II 8% 15 19 6% 27% 36% 27% Plan to 45 33% Feb-Any 33 33 24% 32% 45 A 53% — I May-Nov A A — 40 % 29 in to Plan A ,~-V 97% 97% 101 101% 100% 104% ; *82 a 88% 82% . 101 103 87 102 90 . 77 76 % 77% 27 70 % 83% 52% 51% 53 '4 35 44 59 % 105 105% 9 *100 100% ■ *60 __ April-Oct 35% 35% 103% 104% 100% 102 ■ __ *104% • __ 1011 i; __ 97% 105% 101% 101% - 7 90% 101% 102% 102% — 4 98% 102% 1952— gtd 5s Union Terminal Electric Oregon Power 3%s 24% 35% Power Southern consol Canadian National Guaranteed | 36 66'% 65% April-Oc.t ,—Jan-July 1960._-.Apr)l-Oct 66% 63 *102% 102% 69 7 99% 100 a 106 106 106 104 104 50% 100% 12 2 9iy8 64 102% 99 106 Vb 105 Corp— first bonds. 3s Guaranteed . 1976 J«?ie-Dec 1974.;.—___May-Nop gtd 5s A 1962_ April-Oct *104% 103 — 1 99% 102 __ 104% ' 103% 104 40 94% 2 113% 115% 105 ,aa 108% 111% 113'/a 104% Ry— gold 4%s'1957 ,—Jan-July Guaranteed gold 5s 1970— gold 4%s 1955—! 34i/2 39% 48 35 27 37 Canadian *31 37 27% 35% 25% 57% 53 70 ; — Feb-Aug 113% 115% _ 105 _ —June-Dec 113% 113% ~1 Capital Airlines, Inc— G0% Guaranteed Guaranteed 4c/c 60% *69 — conv debs 4s conv 57 *67 % 57 __ 34% ■ 60 46 68 First May-Nov *— Jan-July *07 *— *65. 60 33% 61 41 79 Central 90 66 90 First G9% 41 79 3%s & Corp 3s Oho 4s Mar-Sept 114 113% 114 3 104% 104% - 111% 113% 11 104% 106 % 102'% 78 3 101% 102 %' 87 93% 96 74 75 83% 92% .... 78'% 93 100 79% 107% 103 1 8 106% 102 77% 83 108% Ry— 4s 1965 1981 June-Dec P first 59 % April-Oct 104 Feb-Aug debentures 1960 (1947 issue) 1960 Georgia Mar-Sept —Mar-Sept 1965 debentures 3'As mortgage 1960 guaranteed debentures of & Adirondack Corp (perpetual)—Jan-July ; inc debs series B §ACentral Branch U (interest stock 1960 A mortgage Celotex A debenture series Feb-Aug Mar-Sept Ry— Clinchfield Carthage 1 gold 4%s 1956 gold 4%s 1951 Pacific 4s Carolina Jan-July 25. 4s California 43% (interest 1999 11 Va, *104% 105 alphabetical order 1 found under be Cincinnati 40 35 — (interest May-Nou 1957—_May-Nov 101 *101 _. Feb-Aug 1988.... 1955 *32% Jan-July 1999 1954 Buildings Financial T mow Canada April-Oct 122% C C Can (interest : Plan first 5s Terminal Celanese pursuant page Terminal Consolidated 45 341/2 99% 105% *102 mortgage 2%s 1976 Jan-July Niagara Elec first mtge 2%s 1975_May-Nov Buffalo Rochester & Pittsburgh Ry— Stamped modified 4%s 1957 May-Nov 39 45 *31 94% 102% 119% 31% (interest 2001 Plan Co 7s 50 *43% 95 100 1 May-Nop" General 37 27 *38 80 % 97% 10 Mar-Sept 1955 Buffalo 14 38 (Ernesto) California A ** 99 % 101 % 101% mortgage 4%s series JJ 1961——Apni-Oct First mortgage 4s series RR 1960 Jan-July AInc mortgage 4%s series A July 1970—May-iVop 16 5% 9% 11 39 1999 ~ 12 9914 First 40 *52% 2 ' 10434 104% — Jan-July 1976 Boston 93 101 121% 122% 99% rFeb-Aug 2%s series J 106 *100 V'4 . 121% Corp— mortgage *38 1946——April-Ocf 93 1951 C 2 %s • 2 1 of)— 1921 72 7 52 V4 mortgage (interest ; 63 71%. 2010—.l Consol Bush *50 62% 49% 51 % 1 Consol A *31 49 % 72 « Telephone Bush *31 63 Vb 36 4 51% 3V4s sinking fund A 2001——Jan-July 63 V n V; —June-Dec Feb 94 35 *14 8% 6.3 3 4 63 62 3 May income ABreda 8% 62% 62 V'4 mortgage 6%. (2%%.. contingent interest) — 3 % r/o J June-Dec 2000———Mar-Sept 1996—__„__Mar-Sept 1 due M Brooklyn Union Electric first gold 5s 1930—Feb-Aug Brooklyn Union Gas 4s debentures 1969—Mar-Sepf *9% » interest)— Bristol-Myers Co 3s debentures 2012 2.5% ) 104% 78 —April-Ocf 10% 1950 reduced to 103 ' 14'A to 28 105 Qu a r-Jan 103% 104 .April-Oct — 23 sinking fund Stamped pursuant 1995— 107% 103% Pe— 110 102% ' of)—■ stamped 116% 101% 102 _. ..April-Oct .April-Ocf 6% (interest reduced to 2,5%) A8s 1962 8 2.375%) 2%>) 106% 17'A (City of) 6%s 1952 (City) 8s 1952— Stamped pursuant to Plan reduced to 432 30 to pursuant 117% 23% Paulo secured 116 *8% ARome Stamped 110 % 103% *8 to 2.25%) 2004— —June-Dec stamped pursuant to Plan A (interest reduced to 2.25% ) 2004J June-Dec A6%s extl 103% 52 1961—April-Ocf reduced to 94 103 106 V'a 22% 1967 reduced 12 438 10)% 1 1078 22% April-Ocf external sinking fund gold 1968 Jnne-Dec pursuant to Plan A (interest reduced to 2 % ) 2012— —June-Dec A7s external loan of 1926 due 1966 May-Nou ASao 101 106% 17% to pursuant 92 106'% 17% Stamped Stamped 11 1107;! 79 23% A6s 7s 100 102 23% 2012 2.5%) 99% 23 I960—June-Dec series to Stamped pursuant 9 8'/a 107% 99% 89 *41 Mar-Sept series (State loan 88% 101 Va 105 % First 1st pursuant 2%) Sul 22 305 99% Beneficial Industrial — pursuant reduced Grande do 101% 72 967 b 82 92% Feb-Aug Stamped 99% 100% 93 % 1', 4s (interest 1959 (interest reduced to 2.25%) 2006— Jan-July SARio de Janeiro (City of) 8s 1946___— April-Ocf Stamped pursuant to Plan A (interest reduced to 2.375%) 2001 April-Ocf AExternal secured 6%% 1953.1 Rio 100% 108 3. gold 6s 1940——.April-Ocf to stamped July due Beech 80 98 *90 Mar-Sept 7s pursuant (interest reduced 7Vs>s 94 % 93 96 % Consol A4%s assented 1963 (City 101 % 101% Consolidated 80% 5101% A4%s assented Alegre 92 Bangor & Aroostook RR— 4 98 1958 ___.^April-Oct §AStabilization loan sink fund 7s 1947—April-Ocf A4V2s assented 1968 —-April-Oct AExternal sinking fund gold 8s 1950 Jan-July Porto 102 99% 100 20 First 23 93 95 May-Nov 2nd (Republic of) : 76 107:,4 22% 6s 6s I--' 61 b 31 (3%%> 95 95 *91% _____June-Dec 2008 f 927 37 S'western 98 97% . --Mar-Sept external f 89% 100 Refunding 4s series A 33 % 97 1967—Mar-Sept Plan s *99 % 100 '. 4 92% 103% Pittsburgh 43 % 98% —April-Oct 1947— 7s to s 95 ' 104% Series 32% 37 *31% May-Nou 1955 2.125% ) loan, extl 75 ' V<» 103% Toledo series B s (State of) loan extl 84 102 Vi> fixed 44% *44 Mar-Sept 1957— 4%s External secured ref 3 ANat 95 102 3b 104 and 58 % (interest (Republic) — AStamped assented 5s 1963— Stamped mod 3%s ext to 1994 ANat 100% 102 mortgage Ref Panama (Republic of) 80% 93% 102 % Bethlehem reduced to 60% 75% 94% _June-Dec 3S 1966—— Series K ' to Stamped pursuant 1 4 2 i04 75 101 104 % fixed (interest 2008—_l—_Mar-Sept 6%s 1959—_Mar-Sepf (Kingdom of) 4%s 1956_ __Mar-Sept External sinking fund 4Vis 1965 April-Oct 4s sinking fund external loan 1963—Feb-Aug 3%s sinking fund external 1957 April-Oct Municipal Bank extl sink fund 5s 1970—June-Dec APeru 108 3 a Refunding and general mortgage 5 v (2% 9% 26% 65 *60 April-Oct Norway §APernambuco 104% 104% 100% 101 104 75 7 103 Series fund (Kingdom) 104 57 103 __ 106% 106% > ... .June-Dec 1957.. 1959 Series 2.125 % ) to 36% *104 — .April-Oct consol A4%s convertible pursuant to reduced to 2.125'.;.) (City) 6% . —_ 1952 Stamped Oslo 38 — ASecured extl sinking Netherlands to : (City of) Geraes *60 — Air Line Ry— first 9% COMPANIES 4%s A I964_—June-Dec and 3% i.'__. assented (1942 ASmall A Milan 14 96 "4 mortgage 4s series A July 1975 First ~3% 1963—Jan-Jnty (assented ASmall Minas 81 5% -June-Dec 3%s unified Baltimore : 7% (1942 ASmall new 1 B 5% J-July agreement) 7 108 :V i 7% 4 *5% % First ___; ol 12 11 6% ~5 .Jun-July 1945 6s 88 90 70 . Refining 2%s debentures 19C6____Jan-July Atlantic agree¬ ASmall J A Treasury Coast 89% 6 8IV2 11 7% 9% June-Dec (1942 agree't 1 A4s new assented A6s 8V2 11 11 8GV4 79 -J an-July 1995— 1 2 to agreement) A4s new assented 7% July 79 VB 78% 81% .June-Dec 4s 5s Charlotte General 10 1963__Jan-July April-Oct 38 86 ..June-Dec 1 debenture gold mortgage Atlantic I———III"IIIIII„II"I———I ASmall INDUSTRIAL .April-Ocf — 1961_. debentures Co 84% Co— — debentures 1995 4s Atlanta & (1922 A5s new assented A4s 4s Stamped assented 7 June-Dec 1973 Co 130% — — 81% *8% 1964. ..May-Nov 2030— .Mar-Sept 5s 93 : *76% ._Feb-Auy Topeka & Santa General 1966—. 1969 first Products Atchison 811% deb; deb 1982 Tobacco debentures 3s 5% Large § A 5s Convertible 4% — 1945 AND _____ Telegraph 11 90 130 *86 ._ 1986 debentures 3%s 1 6 83 Vb — & 11% 15 % 6 . 5 — *80% 81 % Feb-Aug 1952 Power % 11% 5% 8 1 - 130 V2 ^May-Nov 1978—Juns-Dcc RAILROAD f 9 93 *121 1958 debentures debentures 4% ag.reem't) May-Nov 1975 debentures 2%s 102 93 * 1978_—Feb-Aug 1984— Jan-Jwvy s 2 *126 ...May-Nov debentures 14 6 V 5% — 1980 2%s convertible American 1968 1899 deductions 2%s 12% 1943—May-Nou 1943 (Republic of) §A5s of debentures 2%s 42 93 Feb-Aug 7s 3s Foreign 2%s 14 101 43 Feb-A((</ 1979 7s Corp 3%s 2%s Jan-July 13 V'4 1 14 * Mfg 2s debentures 1956—- Mar-Sept Airlines 38% 28% *65 14% .— small Co American 58% 16% 28 first American 38% 27% 187 13% Southern Power Allis-Chalmers 79 1 13 3 %s 1967 .May-Nou mortgage 3%s 1972 Jan-July Albany & Susquehanna RR 4%s 1975 April-Oct Alleghany & Western 1st gtd 4s 1998 April-Ocf 65 26 41 39 % *60 June-Dec 1978 Sewerage assented Electric Great Alabama Irrigation— § A 4 %s assented A AAdriatic 1 i 85 \ 13'% 1958 3 %s bonds $ Metropolitan Water Board 5%s 1950 Mexico 64 47 *60 40% Jew-July 1977_ 1952—. f s external American 40% Mar-Sept ^ , to (Colombia) (City) assented American _—Jan-July Jew-July Italy (Kingdom of) 7s 1951——— —June-Dec (State Mtge Bank) 7s 1957—.April-Oct Mexican __ 44 12'% 10% Works _ 1947- 7s 30-year 3s __ *102 I9601—May-Nou 1977——Jan-July Ajugoslavia AMedellin 64 6 5% 55 38 — 66 13 Jan-July 1979 readjustment i Utility— Credit Institute AExternal 5s Public for external %s 79 6S May-Nov conversion readjustment 4-4%-4'/as external 52i% 12 1/4 11 % 1-3$ f s Italian Credit Consortium readjustment conversfon A Warsaw 48 82 13 % . 1937) of External 61i% ■ June-Dec 1964 lund External 77 55 50 78% 71 V% ^05 '.-June-Dec (dollar bond ' ..—May-Nob .Feb-Aug I960-——April-Oct 1964 A 6s Italian 1958 7s 3%-4%-4%s external Government— A7s A . 71 1 55V'4 *46 —Jan-July 1967 73% 55 V* 1 45 - 73% Jan-July Jart-July Jan-July 1976 1 bonds Jan 1 f dollav s Jan dollar bonds Jan f external 1958 sinking fund' 6s 3%s High 58 May-Nov 1962 County Council 3%s 1957 (Republic 1 external 8s 194(5 3%-4-4%s Low 85 ; April-Ocf 1960 1 Year 19 1!) May-Nov external 6s 901/4 81 2004..Jan-July 2012 ) sinking 63 32 Range for Sold No. A 2% AExternal 54% 93 % — bonds f dollar s of) assented § A Uruguay 54% 4__ % .—Jan-July AExternal (Republic of) s 3%s extl (Prov Sydney 26 35 35 Plan to external 63% • Salvador El 1987 68% 63 B Bonds High A 2.25% ) 1968 1962 43 113 Friday's (Kingdom.)-— To % 35 April-Ocf A Denmark 20-year external 6s 1942—. Jan-June External gold 5%s 1955_ —-—Fcb-Any External gold 4%s 1962——April-Oct to to reduced oi 22 % or Bid & Asked —Mar-Sept Slovenes & 74 113 Jan-July to loan pursuant Croats 1956_ Plan to reduced dollar (Interest Serbs (interest- reduced to assented pursuant external 47% 47 loan 73 24 Week's Range Last Sale IT ice (continued) — water (Interest A6s 49 41% 41% (State) external 82 % r&uce)— extended 67« ) 82 70 ofi — iDopt Paulo San 76 % 1953 30-year 3s sinking fund $ bonds' 1978 Czechoslovakia 70 35% 42% Feriod Low 81 1952__, 5s 4%5 1 __ *47% June-Dec _;Vay.-Nov ACosta Rica (Republic of) 7s 1951 May-Nou Cuba (Republic of) 4%s external 1977——June-Dec Copenhagen § 50 12 % ext Interest Exchange High A 7s 42 % 3s 20 Range for Soul (Republic of)— .-June-Dec 1951 5s JANUARY Friday Bonds j Bid Hi A.»ked Low AChinese FOR Week's Range ..Feb-Awy gold 4s 1948...June-Dec 1 53% 6 102% 104% 99% 101% 101 *101% *81% ... 62 59% 104'% *102 — 75 101% 80 Ry— series A Jan-July 1995 AGen mortgage 4%s series A Jan 1 2020—_May A Gen mortgage 4%s series B 1 2020—May Jan 643 '2 66 . 45 v2 66% 65% 66 45 % 47'% 55 Vb 67% 8 61 72 88 37 52 69 Volume 171 Number 4875 THE COMMERCIAL & FINANCIAL CHRONICLE (379) 20 NEW YORK BOND RECORD RANGE , Friday BONDS New York Stock Interest Exchange Period Last or Sale Price Friday's RR Co General of New Central Pacific and Year 191!) No. Low 3Vis 1987 Jan-July 1974 April-Oct 45% 44 512 3 8'A 10 102 % 3%s series; A 1974 3%s series B 19G8___ Fibre St deb 3s _Feb-/lup *104% Feb-Aug 90'A __ gold 4 Vis 1992 Second consolidated gold 4s 1989 Chicago Burlington & Quincy RR— " General 4s 1958 and First 1st 103 and 133'A 133% 122% 9 130% 103 102'A 103 97 103% 102% 103'A 97 106 103% 103 31 106% *119 Jan-July 104'A 127 *113% 107% 118 — 125 109% — El 113'A Paso 5s & Southwestern Railroad General 108% 109'A 13 108 % 111'A 103 103 First 98% 104 First consol 94% 100% First 103 99'A 100 % 34 Chicago & Erie Chicago Gt inc 3%s 1st 5s conv series gold 5s 1997—-Jan-July B 1982-. 37 'A 37 *68 consol 71% 69 31% '126 83 90 20 75 89 2038-Jan-July 75 75'A 31 Chicago Ind & Louisville Ry— A 1st mortgage 4s inc series A Jan 56% 77% 1983_Jan-July 61 61 3 45% 65% 45'A 48 31 33 51 89 89 2 81% mortgage Chicago 4 lis Indiana inc A Jan ser Southern & A 4Vis Jan 2003_Jan-July 1956—.—Jan-July 4s 118 ■ mortgage General 4Vis Second North Western mortgage conv mortgage Chicago A 1994 Jan-Julv A Jan ser increased series B Jan & First seiies mortgage 4Vis inc conv Chicago 4s Rock 3s inc 4 Vis Jan B 1 1999__April 1989 Pacific & 4Vis conv 104 % 104 48% 38% 53% 52'A *87'A 101'A 103% Memphis Division 1st gold 4s 1951 Chicago Terre Haute & Southeastern —June-Dec and Chicago Union 1994___ 3'As series F 1963 27As series G 1963 Western and Cincinnati First First Indiana Gas & 1st 2%s mtge 3%s series E gtd debentures Feb-Aug General gold General 1959 5s 4s 1993 series Louis Wab St Louis Division first —June-Dec Electric 4s 1911--Jan-July 1991-Jan-July trust 4s 1st Illuminating First mortgage 3s 1982 'Cleveland & Pittsburgh RR— 3%s Cleveland Short Cleveland Union Line first mortgage 5s series B mortgage 4'As & 4'As First Fuel 3'As 106% 4'As .April-Oct —April-Oct C 1977 Iron Gas 63% debentures 3s debentures March & South Columbus & Toledo Commonwealth First 3s 3s mortgage 3'As 3s L series N 3 65% 86'A 63% 58 % 82 2%s ser C 3s debentures Power first Baking Steel § A Cuba mtge Northern RR first Ry SADeposit §A7'As §A6s 104'A 5 A B 101% 104% 63 % 108% 102 5 20 1061/2 106 8 98% 105% 66 91 39% 64% M 104% A 2%s 5'As 92 65'A 59% 102% 92 92 104% 1 107% 107'A 107% 82 1" 102% 103 991/2 103'A 13 91 107'A 110% 126% 9 120 125 '/a 124 % 123% 124 % 18 116 101% 101 101'A 16 93 100 101 126 122 100 Va 3 92'/a 99% 25 86'A 94% 75 85 94% 95% 98 *64 62% s ~6 'A 70'A 10% 7 100% — 104%. 103% 104'A 102% 102% 102% July 2015_Jan-July 1969—April-Ocf 2044_: 103'A April 76 % 65% 63% 7 103% 97 14 77 60 75 5 82 66 95% 48'A 101% 64 Jan-July 1976— Map-Nov 100 100 *::. 104% 95% 1 „April-Oct 100% 103 —_Jan-July ; ■ first sink fund 108% 98 100'A first Central gold gold 103Va 101 — 104% 106'A 10 103% 106% 104 *101% 105% 3%s 5 *101% 103 102'A 102% 100 100 100 102% 5 trust trust 104% 106% Western 103 100% Joint 103 First and 105% First 32% 32'A 28% deposit receipts 1946_June-Dec receipts 1946—__June-Dec 28 33 VB 33'/a 33% 23'A 102% 102 7/a June-Dec ''103 % 1953— 99 103% April-Oct 106% 101 109 103 101 101% *101 and refund .' *35 103% 103% 103 3A 17 103% 104'A 33 May-ZVou —Feb-Aug June-Dec 104% 3s 1951 gold 3%s gold 4s —— 937b 100 104 101 107% 24 9 6'A 204 101% 100 34 105% 100 104% 104% 107 95% 104'A 108 'A 103 96 77 *101% 103% 100 100% *102'A Jan-July —Feb -Aug 102 *100'A 102% 1951—_—Jan-July 100% 103 99'/a 101 *100% 101 Va *100% 101 Jan-July 1951-Jan-July 100% 100 *101% 100 Va 102 *101 1951——Feb-Aup Feb-Aug 101'/a 101% 102% 102% 101'A *102% 103 100 5 101% Chicago St L & N O— series 5s 4'As A 1963— series June-Dec 105% 104% 105% 95 92% 106 1963_June-Dec C 101% 100'A 101% 93 86 101% 2 78 96 Va 2 mortgage 4s series D 1963-June-Dec Terminal Ry 4s series A 1970——Jan-July & . *102'A 102% ——May-ZVon ——, refunding Illinois — *101% gold 3s 1951— Jan-July first first — Jan-July Iowa first gold 4s 105% Indianapolis Union Ry Co— Refunding and imp 2'As series C 103'A 96 99% 1950_Jan-JuZp 99% *100 96% 99% ' 91 100% — 98% 100% -~ 101 — tlnternational Great Northern RR— 1986—June-Dec 95% 1 43 52 6 ————Jan-July AAdjustments 6 series A July 1952 April-Ocf 27 36 AFirst 79 82 AFirst 25% 30% §Alnternatlonal 1 29 35 Inter Rys 3 30 *90 35 18 103 97 102% -- *101% -Jan-July — 3s gold Term „—- Central first 6 —, A 92% 87 28 3A 1981_Jan-July — refund Illinois 100% *84 34'A 1952---.— gold 1951 Lines 96 49 June-Dec 69% 19 Vb 1950— first and 3'As 94% 104% 105 'A 47% 55 36 Mar-Sept — Springfield Division 104'A Indiana 47 % 48 30 A 1978 — first Division Gold Illinois -June-Dec Div 104 Vb 119'A 94% 65% 28% May-ZVou 5s 1955 4%s 1966 102 106% *93% 64% 28% 1952—— 4s Bridge gold 4s Omaha 105% 1966—May-ZVou 64 % 1951— —--—April-Oct 4s gold St Louis Div 102'A 4 96 Feb-Aug houisville Div & Term gold 3'As 1953 101% 103 79 - 106'A 5 103 19 1951 3'As 105'A 9 104% series B 3'As gold lines 104 391 116% 92'A i sterling Registered 16 01 1957 1951 101 - __ 104 % 105'A 107% 128 92% ——Jan-July 101% , 100'A 100'A 95 1962-June-Dec 1951 l 3s Collateral Cairo 1 121 'A 22 April-Oct A 4%-4%s series gold Purchased 16 96% 1'27 % 127% *100 RR— 4s gold 101% 107'A 107% *100 Vb-100% 127% 1 first 26 105 'A 105 A A ser 1957 23As seiies 3s mortgage 104% 105'A *106 'A 106% 5s Feb 5s Telephone mortgage Extended *105 107'A 5s ' First 103'A 103 % Jan-July J an-July 103'/b 45% — 1979_May-ZVou Consol mortgage 5%-3%s series B 1979—May-Nou Consol mortgage 3%s series C 1974—..May-ZVoo 115% 116 % 1942 104% 101% -102% mtge 2%s 1976—Mar-Sept 4'As 1999..———Jan-July Corp 2%s 1970 A. Jan-July Refunding 4s .1955 April-Oct 3'As *103 April-Oct 1959 first Manhattan Bell Consol 98% 1952—— deposit Illinois 102% June-Dec 63% 8 Vb <, Illinois 5 —— gold & 101% 94'A 10 J 102% 1 102 451/2 first Ry Finance ■' 102% 1968 11 596 103% 103% 107'A 106% 106 'A receipts series series first series 5s AAdjusted income 105 'A 105:% 1963 mortgage 5s Hudson 108 -May-Nov mtge 2%s 1975 Mar-Sept debentures 1965—Jan-July 3s first SADeposit receipts ACuba series E Natural Gas 2%s Continental Crucible 87'A 104% 1979-Jau-July refund convertible Hudson Coal 101% *100% 1972_June-Dec refunding 3s series D 1972 First Consolidated Household 62% 77 3 107'A 107% 106% 107 105% G6 1951_Jan-July First and Consumers 2 107 68% 50 *98% 100 107 Water 54% 6 *98 % April-Oct 1982_Mar-Sept 1977_.4pnZ-.Oct 3s 54 107'A 107'A 1978--—June-Dec A 102 RR— inc Hocking Valley 65 82 Hackensack Litchfield B 99 102 105% - 84 Debenture ser 8 7'A 99 96'A 79 Refunding ser 89'A 79'A ——Feb debentures Util" first 108% 23As mtge States 106 mtge 2%s refund B—- refunding 3%s series D 8 mtge 99% 80 88 'A -Jan-July — refunding 4s series B 1975——Jan-July 108% 108% refund and Jan-jnlv — 1976 mortgage 3s 1978 debentures *1969 3s 102 78 107 1955-Feb-Aug refund and 3s Ohio mtge and Collateral First First & 104 First and and D certificates Ooro 105 Feb-Aug April-Ocf 95% 88% 97% 103% 1961 72 0071., 102 *96 % 100% River Pwr sink fund 3%s A Consolidated Cigar Corp 3'As 1965 Consolidated Edison of New York- 28 57 j mortgage 2%s series R 1961— Jan-July & West debenture ctfs A__— Feb 19 Conn 69 *87% Bay 11 —Feb-Aug 8 87 105% 105% 1977 106 671 05 105% 106 4s 67'6 *86 Feb-Aug 1970—May-Sept external 106% 104'A Jan-July 105% 105% sinking fund debentures 1999 Ry & L first and refund 4'As Conn 100 Co— series 1952 1973.;_ series 1982 ApnJ-Oct Elec first 101 Vb mortgage 2%s series Q 2010—Jan-July Map-Sept 1974 Ohio Edison mortgage Gulf 103% First 1974 August Columbus 111 7 57'A April-Oct —Mar-Sept —— 105'A 106% 108 % 110% ' 112% 150% 105 *105% 1965_Map-Nov mtge inc 4s series B Jan Collateral trust 3%s 1968_— 85 'A Corp— 1971 2%s mtge 2000 First 1964 Gas System Inc— debentures, 1973 3s First C —Mar-Sfcpt mortgage 3'As series O mortgage 2%s series P General 92 94' is Columbia First 99 5 1 147'A Mar-Sept 1956—May-Not? 1990 First and Corp— Electric & 101 H April-Oct Map-Nov 103'A 101 110% 110 % 60 3!4s series N Mobile First 1973 series Gulf 99 1961—April-Oct 1972- Ry— modifiedi 1980 & debentures 3'As "9 102% 103 78 1970—Jan-July mortgage and coll trust 4s Columbia 102'A Southern (stamped Colorado 103% 102'A — *96 1950—Feb-Aug gtd First Colorado 100 5 — 101%. 101'A ———June-Dec 5%s series A 100 *150% 6s trust fi<'st mortgage Orevhounrl 106% Terminals Co— mortgage First 3s . guaranteed First Co series ADebenture 103% 101% *110'A 84% 16 *105 102 Jan-July Jan-July Jan-July General 106% 101 14 103% 103% 1990_May-fVou Div coll F] 5s General iru-Vo 105% 110% June-Dec debentures .1969 4%s AGreen 102'A ■ ] 09 'A 1993-.———-—-June-Dec Mich & .Jane-Dec 100% 10 *100% 101 'A -May-Nov Ry— -L-j.— B iB General 72% 19 *1.02',4 income General 80 65 104 June-Dec 91% 97'A 100% 100% 103% 103% Realty & Utilities Corp— conv General 102 103'4 104 April-Oct Reiunding and impt 4 Vis series E D 1 103 105% 86'A 1974—Mar-Sept First Cleveland Cincinnati Chic & St Series 4 103% 103% 1969—Feb-Aug 1974— 96% 3 A General City Ice & Fuel 2%s debentures 1966 City Investing Co 4s debentures 1961 Cleveland 106 'A 106'A 1961 1959 series coilateral Great Northern Ry Co— General 5'As series B 104 70% Terminal- mortgage jA4s 101 100 2 1975_Aprii-Oct High 20 92% G General 59% 102'A 10 77 'A 1978——————_Jan-July Sugar General 82 'A 77 4%s 5s ACertificates of deposit 91 % 88% 1 82 'A 1962_Mar-Sepf Elec Union Cincinnati 102% 102% 17 1952_Jan-JuZi/ 27As First mortgage 2%s series G 1 T Financial Corp— 2%s 9 82 % —Jan-July Jan-July 4s conv refunding 4'As series D mortgage Cincinnati 202 103 % 103% debs 3s first refunding General 101% 101% Station— mortgage mortgage First C Jan-July ; __ First & 102% Coast and Francisco Rv— First Chicago 45 83 — ' refunding mtge 2%-4'As 1994_Jan-July 2%-4'As 256 90 Rubber & East Goodrich 5 4'A Ry— 5s Tire tFlorida 56 - A Jan ser Orleans Firestone 67 207 __Jan-July Low 103% 3'As-series G mtge 103% 90 58'A June-Dec Income 96 70'A 57'A 2019—-April First 106 68% 5 8'A 1951 New 104 »A 69'A Ry— series Island General mtge Chicago St L & 1 2019_April 2044,.—-April 1 Year 1949 126'A AFirst Chicago Milwaukee St Paul & Pacific RR— First 103 'A AprZZ-Oct ——AprZZ-Oct — 94'A A 2nd series 4s mortgage Range for Sold No. High 75 May-Nov 1988—Jan-July ins Bonds 92% 2000—Jan-July mortgage 2s series H 1953-Mar-Sept Division first mortgage 3%s 1971.Mar-Sepf 46 Va 66 1 first West AGeneral Friday's consol Ohio 38'4 May-Nov 1985 1965 5s inc 4'As series A Jan 2015_Jan-July mortgage 3'As series E 1964_April-Ocf mtge 3'As series F' l990 Jan-July consol 7 100 first mtge First mortgage or Bid & Asked 102 % Co— 112% l970--Feb-.«4ug Feb-Aup 1979—————April-Ocf stamped 1965..— Erie 109% B 1977- Tenn Va & Georgia div first 5s 1956-May-Nou (N Y) first cons gold 5s 1995_Jan-July Elgin Joliet & Eastern Ry 3%s 1970 Mar-Sept 4 mortgage Week's Range Last Sale Price Edison El 111 39 111% 111% series 2%s East 41 103'A Chicago & Eastern 111 RR— AGeneral Period 102 3A — 109 4Vis Co mortgage 2%s 105'A 100 Light Jan-July 1977—Feb-Aug refunding First and refunding mortgage 2%s First Duquesne refunding mortgage 3Vis 1985—Feb-Aug First Interest Terminal & Tunnel 4'As 1961 Map-Nov Detroit Tol & Ironton RR 2%s ser B 1976„May-Sepf Dow Chemical 2.35s debentures 1961 Jan-July 104 *102'A Mar-Sept Refund and impt M 3%s series D 1996—May-ZVou Refund and impt M 3 '/2s series E 1996—Feb-Augf Refund and impt M 3%s series H 1973—June-Dec R & A div first consol gold 4s 1989—Jan-July 43 106% *100'A 104'A 1965—Jan-July Chesapeake & Ohio Ry— General BONDS New York Stock Exchange High Detroit 45% 105% 105% — Ry Co— refund mortgage Champion Paper Friday Range for Sold High Low York. Power 3s First ENDED JANUARY 20 J— mortgage Central First N WEEK Bonds Bid & Asked Low Central 1-OR Week's Range AFirst 6s series 5s series gold 1952 A B • 1956—— series 5s C deb 86'A 88 — 165 „ 59 81% 37% 37% 38% 225 20'A 34'A Jan-July i.——Jail-July : 1956- Ilydro-Elec 87% 82% 81% 82 % 37 53'A 75 81'A 82% 57 53% 1944_ApnZ-Oct 61 Vb 61% 61 Va 76 60 % 6s Central America first 5s B 1972_May-ZVoo *97 100 1 75% 71 100 91 D Dayton Power First Lt & mortgage First 3 Dayton Union Ry & Deere Co Delaware Delaware 4s Lackawanna First and refund A Income Collateral Delaware .-June-Dec 1965 5s due June-Dec Western C & 4-6s Light mortgage and coll trust First Denver First mortgage & Rio and coll Grande mortgage 1% l973_Map-Nov 84 85 *60 2042 series 3'As trust Western A (3'A Mav-Nov 66% April-Ocf *106% l'A Detroit Salt contingent Edison General and General 3'As and 3s 27As & ASecond For Mack gold refund 4s footnotes 68% G Jan-July 1993 1966 April 95% 73% 95% 70% 97 74 30 79 23As lien page I 92% 107 107 107% 1982_May-Sepf 102% 102% 103'/4 4s 113% 112% 113% 1995 __ -June-Dec June-Dec 25. 92 107 107% 1970_June-Dec 1958 gold Jan-July June-Dec series 10 64% 7 9 6'A "l 100'A 103 102'A 104% 100 h 101% 103'A 105% 77 52% gtd gold 4s 1976 69% 107 Kentucky & 106 Stamped 104% Plain 58 l990_ApriZ-Oct June-Dec *82 103% -June-Dec Indiana Terminal 4'As 1961 100 A 105 '4 1 105'A 22 *103% *114% *30 100' 99% ' — „ — 35 103 115 32'A 98 35 100% 108 97 104% 114'A ' 100'A 100'A 97 96 99% — Jan-July 4'As unguaranteed 1961 —Jan-July Kings County Elec Lt & Power 6s 1997—April-Ocf Koppers Co first mortgage 3s 1964 April-Ocf fAKreuger & Toll 5s certificates 1959 Mar-Sept 96'A 100 A 105 *105 1961-Jan-July Jan-July 1961 79% 103% 103% *105 '/a 105% First 106 87 103% 108 2 97 181'4 181% •2 173 181% 104 104'A 2 101% 105 1 9 % 2 35 107% 1 70 97 L May-Sept 3s series H 1995 see first First mortgage 4s series A 1975 fixed interest) debentures first Mich Power & Light 2%s 1st 3s 1950—April-Oct ——April-Oct mortgage 3%s series B 1968 June-Dec Kansas City Terminal Ry 2%s 1974 ——April-Oct Kentucky Central gold 4s 1987 Jan-July 87% 104 __ 1979-Jan-July I & Kansas City fixed series refunding convertible Detroit 73% 103 __ Lake— mortgage (3'/» Kanawha 97 48 17 74% 103% K 102 104'A 90% RR— interest) 1993 mortgage series A (4'A% contingent interest) 2018 : & 67 'A 1977_June-Dec contingent Income 5 74% 103 1 mortgage 27As 1978 Kansas City Southern Ry 61 1959_June-Dec 1976—Mar-Sept 1st A Income Denver 102 -May-Nov May 1 3s 1973 4s Jersey Central Power & Light 2%s Div 1993 Clear first 104'A 101% 28 Franklin & 106% Co— * First 98% 102% 104 104% 98 98% 102% *101 *104 Map-Nov 1963 series 7 — April-Oct 1965 & *105% 103 106 % division trust Power 103 *10C Western RR & M mortgage Essex & 1975_April-Oef 1978 extended Lackawanna Morris Jamestown 23As Jan-July A debentures Hudson York New mtge 1978 series 3'As series B 2%s & first 3s mortgage 68 77% 92 2 105'A 110 Lakefront Dock .10 104% 107% 22 98% 103'A First mtge sink fund 37As series A Lake Shore & Mich South gold 3%s 106 105'A 115% *67 __ *68 > 65 73 — 73'A 64% 71 Laclede 3'As Gas Light 4'As & registered Lautaro AFirst Nitrate RR debs 1997 Co mortgage conv 1963—Mar-Sept 117'A 116 117% 126% Terminal— — 1968_June-Dec 1997-June-Dec —June-Dec *94 90 81 90 90 -91 92 25 96% 74% 90% 88 94 Ltd— income reg 1975 Dec 24 (380) THE COMMERCIAL & FINANCIAL Monday, January 23, 1950 CHRONICLE NEW YORK BOND RECORD RANGE I OR WEEK Friday Interest BONDS New York Stock Exchange Period or 5s stamped 1954— 5s stamped 1954 stamped 1974 NO. Low High 94 94 . 91% 6 Low AGenexai 4s 91 Feb-Aug 85 85 79 % 101% N 78 96% N Y 72 93 N Y Steam — mortgage to extended 5s fN Feb-Aug 1984 -.50 70 mortgage 4 Vis extended Lehigh to 73 Valley RR— General 69 8 A General gold Series A Series fixed 4s §ATcrminal bonds— mortgage interest 2003 N May-Not 56 54% 56 60 B 4'/is fixed interest 2003 Afay-Nov 59% 59 C 5s fixed Afay-Nov 64 6314 4s contingent interest 2003 Series E 4VaS Series F 5s Lehigh First k Eastern Tobacco Myers Miami ALombard Lorillard 3003 2003 Louisville 64% Norfolk 35% 37 222 27 35% 3 9'A 38'A 59 % 186 30 38% 41'A 41% 32 32 41% — 7s debentures Co AGeneral Norfolk refund mtge 3%s ser F 2003 First and refund mtge 27/8s First and refund mtge 3%s Div Knox second gold ser ser Louisville Gas & Elee 1st April-Oct G 2003 H 2003 3s "102% 103 —— "60 10314 Prior "105% 105 Aprii-Oct 104 mtge 2%s 1979—May-Nov 4%s ser lien 4s 87% 3s 95% 87% 1 76% 86'A 97% 43 102 % 102% 102% 5 yjva 109 % 1997 3s trust States (R Maine Hi & Co Central First 2%s RR debentures 4 Vis mortgage & series A B * May-Nov 1960 4s series con 1972 — 4%s (Southern Lines) 21bS 4s 1959 debentures 72 Vi 65 73 92 % 86 95 90 Vi 85 "50% J&n-July first mortgage 3s 1966 Metropolitan Edison first mtge 2y«s 1974 3 Vis debentures 101 50'A 54% 101 'A June-Dec 97 6 "102% May-Nou Jack 1988 "104% 104% 100 Va Lans & " April-Oct Sag 3 '/2s 1951- Mav-Sepl Afay-Nbv 1952 3V«s 1969 mortgage First 27/8s 3%s 1969 sinking fSAMidland Minnesota Minn St First fund of N & Paul & Saulte mortgage Missouri Mfg 4Vis 103% 40-year Prior 5s 4s 107% 4'is 85% and B AGeneral June-Dec Jan-July 1962 Jan and series A 1975 AFirst & Ry first Co. gtd 4s B debentures Construction mortgage Construction mtge 4Vis series B Mountain 3 V'as States Tel debentures & series 5s Tel A 52% 54% first mortgage Gas 82 84% 92 % First mortgage National 3s Dairy 3s and refunding 3%s series I 73% 74% 98 59 99 142 75% 94 o,72%> 970- 37%- 65% 75% 94% '■ 73%' 71% ■ • 98% 100% 100 1,411 39% 38% 100 58 75% 20'A 75% 95 492 75% 50'A 2 53 94 Distillers National 104% 57 50 50% 58% 77% 80 12 70 78 17 75 "96 65 99 100% 1 105 75% 91 99% 105 refunding and refunding and refunding and refunding 3VaS debs National June-Dec and June-Dec 27/8s debentures 3V8s debentures 1987 3%s debentures guaranteed 3s debentures 3s debentures 4Vis series debentures 1983 314s A3%s Guaranteed Jersey Power First 3s Orleans J New Orleans AFirst Texas series 5s : April-Oct A Certificates AFirst A 5s AFirst 4'is 5Vis 1974 Mar-Sept York New C D of Consolidated 4s April-Oct April-Oct Central General 3 Vis Lake & mortgage registered Shore 3lis 3''is 1998 collateral registered Feb-Aug 2013_Aprii-Oct 1997— 3Vis gold 3Vis 1998---— -Feb-Aug Y N Y Dock N Y & Connecting RR 278s series B first Harlem .gold 3 Vis gold 1975 1951 4s Mortgage 4s series A 4 Vis N 85% 102 10 92 101% 2 93 100 B Iiaven First-and A Genera 1 Harlem First For 50 62 % 63% 194 52 C'oli 70% 139 59% 73 59 % k Port -mortgage footnotes 4s see Aprii-Oct Consolidated »'— mortgage RR 59% 21 51% 61 "55% 57% 50 56% 7 50% 60% 5 49% 58 . ' 94% Pittsb Coke k 3%s debentures Afay-Nov 102% First First 2 99% 2 100 100 90% 77% 5 May-Nov 101'A 72% 71 12 100% 105% 101 101 104'4 104% 74 20 52 78 101 % 104% 103% 8 33 99% 104% 9 100% 104% 113 116 110 101% — 94'% 95% 101% 68 84 101% 64 98% 102 11 73 101% 83 101 131% 127 82% 83 10614 131% 60 60 16 — 16% 52 2 7 —- 102Va 102% — 5 "112 106% 87 50 10 103 96 109''2 135 62 17% 105 103% Jhn-July Jan-July 116% June-Dec 1061b 110 104% 106 V4 8 99% 103% 4 100% 104% "107% 108 — 106% 105% 106 V4 104 104'% 104% 104% "102% 103% "103 104 "104'4105 8% 8% 0% 8% 103% 103 % — __ „ 103% 26 99% 99 101% a 7% 103% 103 Va 104% 10% 1 7% 10 13 101% 104 "99 101% — 97 100% "102% 108 102% "106% *104% — __ 103% 106% __ 103% 103% 11 108 Va 113% 114 ya 112 112 111 — 107% 111 1 109% 103% 104 29 96% 107 103 % 104 86 86 "100% 102 7 96 3 a 108 3 73% 103 "101 103 102% 2 95% 9614 6 8114 93% 95 9514 9 81 93 Va 95 95% 6 80% — 103% June-Dec -April-Oct April-Oct — __ — 99% 89 101% Youngstown & " . 1958 1959_. I960 - 100% 103 97% 103 • June-Dec April-Oct i.__April-Oct " — 9514 • ■ 93% Ashtabula Ry— general 5s series B 1962— general 5s series C 1374. First general 4%s series D _Feb-Aug — June-Dec "107% — . 107% __ 109 — June-Dec 1977—. 81 66 % 247 56 69% 45% 47% 365 33% 48% 4 A B 4y2s series C Pittston Co 5%s income Power 1st ' 65% 101 % 101% 107% 83 % Feb-Aug 1970-. First 100 46 % . 103% 1057/# 103 88 1964 First 100 62% mortgage Pittsburgh 100% 66 % — 95% 100% 95% — 93 77% 12 24 95 103 98% . 101% 95% —Jan-July 100% 100% 71 % A Ry—7 85% 4 105% 9314 96 % 8% 1965 & West Virginia 90% __ 106 103% 34 93% 1st mortgage 4%s. 1958—April-Oct Pittsburgh Steel 6 73% 104 Pittsburgh Consolidation Coal— 11 99% 101 % 98% 103% 33 B 1975 3%s series E 1975 Chem 1st mtge 3%s 1964—Afay-Nov 99 73 % 106% 95 298 1937—Jan-July 4s 5s series 95% "95 101% 116 100'% 102% — mortgage 4%s series First mortgage 4%s series "94 106% 7 19 "115 „ Feb-Aug mortgage Potomac Elec • 25. 2%s 100% 101'A Afay-Nov 101% 104% 10514 10314 104 ?—Feb-Aug 95 101% 70 — guaranteed 4%s ser J 1964_Afay-Nov General RR— 1954 Wash 1974 98% 99 106'A 17 103 Consolidated guaranteed 4%s ser I 1963_Feb-Aug General ' 101% Pittsburgh Cine Chicago fc St Louis RR— Chester— page . 76% 59% 106 3 103'% 103% — Pittsburgh Bessemer & Lake Erie 2%s 1996_June-Dec Pittsburgh Cincinnati Chic & St Louis Ry— Consolidated guaranteed 4s ser F 1953 June-Dec Consolidated guaranteed 4s ser G 1957—Afay-Nov Consolidated guaranteed 4s ser H 1960—Feb-Aug 81% 55% 7314 103'% deposit 04% -"102% 103 AprZZ-Oct refunding mtge 4s ser A 2007—Jan-July mtgs conv inc 4%s series A 2022—May River of 68 li - 106% 102% — — June-Dec 51 58% — „ 52 55% — — 58% __ 103 May-Nov 82% ' 100% May-Nou 78 —■ — . 1974 ACertificates 66% 69% Jan-July 1973 — Hartford & & B Phillips Petroleum 2%s debentures 81% 63 ^J&n-July 2043 1973 series t§APhilippine Ry 1st sink fund t — 107% 102% 99% 14 " . 94% 148 •___Afay-Nov 2000 West 4s series A & series Y New 100% 60% June-Dec —JFeb-Avg Mortgage 4s series B 2043 Y Lack 88% 59% • 106 3 104% 105% geld Pittsburgh Refunding mortgage 3'/4S series E 1980 First mortgage 3s series F 1986 N 95% 59% Feb-Aug - refunding 2%s 1981 First and refunding 2%s 1978 100% Chicago k St Louis— N 5s General and , __ L_Afar-Sept Co-f>> 30 a — April Feb-Aug refunding 77 7 — 101% ApriZ-Oct and ,81% 105% 102 1974 and -Feb-Aug 1998 1998 registered York 1960 and Jan-July Jan-July — 103% 104% 105% ; General mortgage 5s series Michigan Cent collateral gold 3Vis 1998—Feb-Aug New Baltimore General RR— 1997^ 1990 First Co— Hudson River external 4s Union Ry 5%s First 102 — June-Dec 1963 Marquette Ry 3%s series D 1980 Philadelphia 99% 100 102 107 April-Oct 1985 104 100% 100% Refunding and impt 4Vis series A Refunding and impt 5s series C 2013—April-Oct N Y debentures Eastern 100% i 1954 A & Philadelphia 93 Feb-Aug deposit series convertible 105% 89% 1956 10214 Jan-June 1952 100'A U 95 Coke Co— & 8 88 — Jan-July 105% 98 100% 100% 5 102% 105% 105% "10514 10G% 106% 106% 106% 107 106% 106% 106% 106% 101% 101% "103% 104% "105% — "104% 105% 100% 100% 103 1031% 105Va 105% "107% 107% 108'A 10614 "100% 102 "104% — — series E 1984 100% 101V4 Feb-Aug UT2% April-Oct 1981 103% ; 16% 106% 96 ' 75% Ry— 100 Vi 10% 100% 104 — Feb-Aug 1031a 103% Jan-July 2 13 12% June-Dec First 1953 107 June-Dec 5 103% — 104 —. i960 103% 103% "100% Jan-July deposit RR 4%s 1965 1968 4%s series C 1977Co collateral trust 4%s 1961 Electric Co— refunding 2%s 1971 refunding 2%s 1967 "105% 107 105% June-Dec First 1983 deposit—. of Central 75 — RR— 1956 of series A A Certificates Philadelphia 3s Mexico B Peoples Gas Light 107% __ deposit series A Certificates AFirst Pere 99% 105 y8 1954 of series Certificates 104% "10514 105% 4s 102% 100 11 12% _April-Ocf April-Oct mortgage 3%s series F Peoria & Pekin 103% & B General Peoria 103 gtd 97 — 102 % 102% Afay-Nov 1960 Convertible debentures 3'As 118% "751/4 first Term 4%s series D series A series 102 "107 li A 5s 101% •104% 105 5s 162 Co— fund sinking 4%s 117 2. Feb-Aug Nor 10 RR— 3s Jan-July Orleans 102% — _ 105% 106 105% 1960—April-Oct 1952 sinking fund debentures 1965 101 118% 118%. Refunding and impt 4'/2s series A 1952—Jan-July New 105% 105% trust ctfs & Light Power 98% •101% 102 Afar-Sept Orleans & Northeastern 102 98 Va — "107% 108 - 4%s 1955-Jan-July mortgage 3s 1975 General mortgage 4%s 106% 103% 1986 New Great 103% 4s New 98% 95 95 ' General Light & 1 9 102 *99% June-Dec 1964 debentures series E 4s Pennsylvania Glass Sand 3%s 93 first gtd 104 102% 102% Mar-Sept — inc convertible AIncome 4s April 1974--—-. 95% 61% Airlines— Pennsylvania-Central 1 101 Afay-Nov Junction New 101 Afay-Nov Jersey Bell ^Telephone 3 Vis 1988 RR 101 1961 New 81 84 102'A 102% Afar-Sept 1st sink fund gold 31 10314 104% . Pennsylvania Co— 105% 104 "105 li 106 Vi !_•_ 1982 1986 Oil 3%s debentures Western Pennsylvania 103% "106 April-Oct June-Dec 99% 9 103 Vi 103% B N J 10314 83 94 Vi "9414 June-Dec RR first gold 4s 1954 England Tel & Tel Co— First 22 102 April-Oct April-Oct 1978 General 1974—April-Oct Naugatuck New 96'A "104% f~ — 3%s series R 1982—June Dec Consolidated Feb-Aug 1970 Products 94% 104% 105% • j—June-Dec 81% mk and 1983 102% 55% — refunding General St^el Corp first mtge 3s 1965 Supply 2%s debentures 1967 83 88 62% 102 % 80 78 and Paducah & 111 57 Afay-Nov refunding Pacific 101 "103% ' and 1985 34% 245 "102 May-Nov 1970 3 72% ' 1971—June-Dec 3s series L 1974—June-Dec 3s series M 1979—June-Dec 3s series N 1977—June-Dec 2%s series P 1981—June-Dec 27/8s series Q 1980—June-Dec J refunding 3s series S 94% 782 ' 102 98% 100% 100 Afay-Nov 1986 debs 95% 94% 105'A K Pacific.Tel & Tel 2%s debentures 323 99'% 101% 39 refunding 3s series First 80% 100% 72 li 100 refunding 3s series and First 74% Louis- 2%s 95 % 1966—June-Dec 1970—June-Dec and First 75 1955_May-Noo 1986 B Products debentures Nat'l St series 1975 First 85% N & 2%s First 78 70 46 92'% 90 April-Oct Chattanooga Electric & First 53% 66% 237 Feb-Aug 1955 25/8s 27 Gas k Electric Co— Pennsylvania Nashville 1974 3s First 41 39 84'% Mar -Sept 1978 88% —— 102 87 59 Essex first guaranteed 3Vis 200U_June-Dec k 87% • 54 3 P 61 Feb-Aug 1958 66 64 • "105 Pacific 10 1966 3s Edison 62 103% 30 April-Oct 1991 series 3 Vis & 101 Va 64 Jan-July Mar-Sept April-Oct First 79 7 54 101 Malone 101% — 86% 86 101% (Johni 104 80 1967Aprii-Oct 1980 108% 56 V'b 69 Ry— 106% 48% 1 80'% Mar-Sept gold 5s ser H 97 62 103 105% 105 20 57% 77% refunding 5s series I 1981_ Monongahela Morris 86 refund and Mohawk Morrell 57% "103 84 109'A 79 1965—Feb-Aug , 107% 67 % —Feb-Aug Co— 5s 105 100 102% 106% 106% refunding 5s series G 1978—May-Not> gold 5Vis series A 1949—Afay-Nov and 98 80 §AConvertible First 105% 1 80'/a AFirst and.refunding 5s series F 1977—Afar-Sept A First 66 4 Jan-July A 112 Va 94% 111% 111 First mortgage 3%s 1978 First mortgage 3s 1979 Jan-July 1978 D series refunding 4s May 1991—May Jan 1962 5s RR 86 "105% 1971 1990 4s 133% 111 — "107 67% June-Dec June-Dec Oregon-Washington RR 3s series A 1960—April-Oct 102% RR— series Pacific A First A ser 128 20 "107 Ill May-Nov 1979 First mortgage 2%s 1975 Oklahoma 100 99% 109% 109'A April-Oct Jan 72 7 — Telephone— debentures First A 87 3 90 89 — 1978 First series inc A adjustment tMissouri A Ohio Marie— St 4s series series lien ACum ^ — "101 Jan-July April-Oct 1940 1967 Texas first Missouri-Kansas-Texas lien 2%s inc mortgage K-ansas k 1967 5s Bell 3s JOgdensburg & Lake Champlain § AFirst guaranteed 4s 1948 104% 99% Afar-Sept ext first Mining A General Prior 107 % 108% Afar-Sept debentures J 109% O O O Jo"* — "99% Refunding and impt 4Vis series C 1979—Jon-July Cons Gas first mtge 3Vis 1969 Mar-Sept mortgage 106 106% 3 61 "101% • Michigan First 101 '/a — 131% 132 % 2%s 1974 101 . 3Vis 107% 103 Central— First,.gold 103 % *112% 114 Mar-Sept 1975 mortgage 3 %s Michigan Bell Telephone Co— Michigan 75 102% 91% "89 Afay-Nov 1972 Corp 90 mortgage 2%s 1975 Northwestern 72 Vi RR Stores 102'/« 92 V'b Manila Dept 100 Vi June-Dec Sugar 4s sinking fund Feb 1 1957—May-Nov Mead 103 % 22 97% Co— Power first mortgage First — June-Dec 1954 Manati May 102 62 36 107'/a 107% 131% Feb-Aug April-Oct Jan-July First mortgage 2%s 1979 Feb-Aug (Wisconsin) first mortgage 2%s 1977—April-Oct First mortgage 3s 1979—: .-Mar-Sept (Minnesota) M Macy 15 107 "106'A 107% Quar-Feb 2047 1 Jan First — 74 registered 2047 Northern 89% 1 lien Collateral 107% __ 46% 35 12% "106 Quar-Aug Refunding and improve 4%s ser A 2047—Jan-July Refunding and improve 5s series C 2047—Jan-July Refunding and improve 5s series D 2047—Jan-July 9 103% 108 % 33 28 17 44 102% 103% Quar-Jan 105'A 99% 103% 104 98% 107% "72 — 103 % QUar-Jan 1997 4s registered General 87% Afai/-Nnv 104% Ry— 57% • Mar-Sept 1955 Pacific 108 % 99% — 29 25 44 1974—Mar-Sept A 1974—Mar-Sept 102% 28 96 — 5 63'/a *13% general & ref 5s 104% 104% 105 50 Co— Ry 26% —— 3 59% 11% 102% "17% mtge 5s convertible inc 2014—April-Oct first gold 4s 1996—April-Oct and refunding Northern ' ApriZ-Oct 1980 Cincinnati Div 4s & General 75 98 'A High 123% 108% 5 "98% Western Ry & 105% 3 RR— and Lou.s Southern 120 105% 105% May-Nov Feb-Aug April-Oct 73% 8 "122 105% June-Dec 1951 5s 75 74'A Feb-Aug April-Oct 1963 Nashville & April-Oct 1951 5s First Atl 58% Northern Central 4s series A 1962 series A 1952 general Electric (Pi debentures St 54 56 36 % 2% 105% 106% 106 1978—Feb-Aug Refunding mortgage 3s series F 1981 Jan-July Niagara Falls Power 3%s 1966 Mar-Sept May May interest interest 1943 55 May extended to 1979 Ry first 5s 1965 mortgage 5« Liggett 3s contingent contingent gold 5s Telephone 2%s series D 1982 Refunding mortgage 3'As series E 50 Valley Terminal Ry— Lexington & Little interest 2003 first Y 9 64 D 5s 1940 49 60% Series Series 6% 28 58% Jan-July Feb-Aug Feb-Aug Afay-Nov J&n-July § AFirst refunding 5s 1937 § A Second gold 4%s 1937 74 '1 consolidated 250 RR— Western & Low 9% 3IA 102% 102% —— Jan-Juiy Corp first 3%s 1963 Susquehanna 65 9 iD CO 1974—Jan-July Y & 73% 16 72'A 70 Lehigh Valley Railway— First Power Y'ear 1949 3% Light 1st mtge 2%s 1975—Afar-Sept & Putnam 1st consol gtd 4s 1993 April-Oct State Electric & Gas 2%s 1977 Jan-July Lehigh Valley Harbor Term Ry— First Y 98 3 85% "75 Y Range for Sold No. High 8% 8% June-Dec 1955 Bonds Friday's Bid & Asked High 10 100% 101 or lie Price Period New York Stock Exchange N Feb-Aug 5s Year 1941) Last Interest BONDS Range for Sold IAN Y Ontario & West ref 4s June 1992—Mar-Sept 94 Feb-Aug : Bonds Friday's Bid & Asked Low Week's Range ?riday Week's Range Last Sale Price Lehigh Coal & Navigation Co— Sinking fund mortgage 3 '/as ser A 1970-Aprll-Oct Lehigh Valley Coal Co— ENDED JANUARY 20 101% 103% ^ First mortgage 314s First debentures mtge Providence 3s Terminal 4s 100 100 100 6 3%s"1966—Jan-July 105 105 105 3 "107 "105 106 ———Feb-Aug 1977— 1983First mortgage 27As 1984 mortgage 1964—Jan-July 1956 „—:— —: Jan-July -Afay-Nov -Afar-Sept — „ • - 99% 105 100% 107Vb 106% -- 108% 102 104% ii 99% — "98% 103 Volume 171 Number 4875 & COMMERCIAL THE FINANCIAL CHRONICLE (381) 25 NEW YORK BOND RECORD RANGE Friday BONDS New York Stock Interest Exchange 3s Service and First and First and First and First and May-Nou 1968-Jan-July 3 '/4s mortgage 5s mortgage Low 101% 105% 107% 109 Va *108% 109% 2037—Jan-Jaiy *151 VH —— — New York Stock Exchange,, 2037—Dme-Dec 1972—May-Nov 106% 106'A l979_Jane-Dec *104% 105% mortgage 2%s *221 230 Oats 2%s Reading Co first Reynolds (R Rochester J) debentures 19G4 & ref & mortgage series mortgage 3%s General mortgage 3%s General mortgage 4s tSARutland 4%s RR Saguenay Power Lawrence Second 106% Tri-Continental H series I series stamped J 1969 1949 stamped 1941 & 3s series Adir gold 6s 1st A gold r-4 0 0 4 94 95% 75 105 105 % 20 *120% __ *106 'A 102% mortgage 4s ASecond series A Mar-Sept Jan-July 85 117 108 First 4s bond certificates *8% 9% U mtge 103% 103% 2%s Universal Skelly Oil 23is Socony-Vacuum Ala RR 93% 46% 63 118% 118% 7 debentures 2%s debentures Southern Southern First 1987 Indiana Ry Pacific (Oregon 100% 80 4-%8 1969— F 1996— 1961 102% 97 2% 96 RR Refund and Refund Assn 1973 and Texas Corp Texas & 100 99'% 23 First debentures and refund M Pacific General and D 3'As 23 100% 94% 3 97 83 7 70 145 101 % 102% 89 98 92% 95% 75 124 — 90 90% 96 95% 96 93 refund RR 106 % 97'% 109 % 117% 106 107 15 "3 102% 102% 44 *106% 93% 103%, 44 97% 101% Penn Power 93% first 97 3 M *119% 119 % 104 104 1 101% 104 91% 1 100% 100% 19 104 104 14 75 75 104'A 103 79 98 96 102% 106 % 103% 101% Jan 1991 April 75% ■ 83 69 3 75'% 49 64% 76% 100% 101'A 53 94 % 100% 102% 102% April 8 98% 102% 73 101 1966 May-Wow 1976—Map-Nov 3%s 75 1970 91 90 2%s series 91 21 104% 106% Feb-Awa 2000 A 104% April-Get 92 85 50% 1970—Feb-Aug *100 June-Dec 106 I Pacific 4%s 102%, Jan 2014 May 107% 105% 106% 109% 58% 52 60% 52% 56 58 % estate real 5s 4%s 1950 May-Wow 1951.. 49 % 62 97% 104 1 99 % 102 32 95'/a 102 69 86 101% 61 100% 64% 86% 98% 102% 100'A 100'% 87'A Jan-July Electric 100 100 Mar-Sept 1960 86% 87'% 102% 102% 1 208 Corp— 1971 convertible — — debentures 1973 Mar-Sept 107% 106% 107'% June-Dec Mar-Sept 103 102'% 103 10 Jan-July >103 103 of Jan-July 1970 mortgage 2%s Public 103 101% 96 '/a 15 8 Jan-July 114'% 114% 2 102 96 % 102% 102% 102'% 112% Jan-July Jan-July 74 % 74% 75 46 Map-Nov 42 41% 42 25 104 115% 1936 71% 78 71% 2%s 1976 ,June-Dec ! 1971 49% 46% 95% Jan-July 100% 101% *100 'A 101% 104% 107% — .Mar-Sept 3 %s 74% 36 35% first 4s 1979 Service 109 Va 100 101% *— April-Oct deposit div and term Wisconsin Electric Power First 63% 26 133 Telegraph Co— and gold debentures Wisconsin 106% 105 104% 102% 102% A 105% 5 103% 104 income 55 1 106'% 106'% 581% 106% * 105 104 registered 2361— 1,01'/2 103 13 106% 105 Maryland first mortgage 4s 1952_April-Oct 4s 45 99 105% 106 *106 , series 2 6 50% 101 102%) 1027/8 ;—June-Dec 107 104 Vi 3ft ACertificates, of deposit ya% II *107 104% 99% 106% 106% 1970.April-Oct E 106 107% 105% 91% April 1971 gtd gold 3 %s 3%s ACertificates 101% 115% __ *104% 105 1990..Apn7-Oct ser 102% 31 Y 101% 11 101% 101% f-i 0 130 105'2 l985..Jan-July 130 1 lO- as 119% Light & Power 2%s 1976.Jan-Jutp delivery sale not included the hi >99% year's 94 99% d Ex-lnterest. range, e Odd-lot included not included the gNegotiability Impaired by maturity. tCompanies reported as being in bankruptcy, receivership, or reorganised under Bankruptcy Act, or securities assumed ny such companies. ♦Friday's bid and asked prices; no sales being transacted during current week. A Bonds selling flat. 94% 100 88% 100% 118% 128% 35 97% 104% 130 Deferred 104% 5 104% 105% a 106% 20 1007/8 101 2000..—...Jane-Dec 3%s 104 60 Yonkers Electric May-Wow B 98% 103% 103 % Ja.n-July Jan-July §ASu & Du 103% 97% 104% 104'% 103% guaranteed 2361 98% 101% B B 2%s debs J Wisconsin Central Ry— gAFirst general 4s 1949 104'% — 106 12 115% Jan-July 52 102% series 1981— First mortgage 3%s-series D 1967-aL & Co first mortgage 3s 1958 Winston-Salem S B first 4s I960 107% 12 *97% Jan-July Wilson 104 65 103% 103% 114 Va * 1966 2.65s 102% 96 35% *101% 102 102% 102% Wheeling & Lake Erie RR 2%s A 1992 110 5 98% 102 106 — Wheeling Steel 3%s series C 98 G 104% 104 Vi 91 102 106 *105% 106 % 3s guaranteed 1979—Map-Nov 3%s 1974.—... May-Wow Electric Shore 2%s 108 103% 44 104 % '■99% ref mortgage Westinghouse •*95% 107 104 101% 101% 102% 79% Jan (subordinated) Terminal 30-year 5s 89% *105% * Map-Nov 1973-April-Oct . debentures conv first Penn Funding 102 92% 68 98'A 75% *102 *102 1979— C ser A series W & debentures Western Union 93% 75 77 "■'zx: 96 6 Western 96% 94% 33 104% 99% 91 Western 4 95 104 *' - Baking Co— West 102% 100 Co series 3'As G West 78 74% (Hiram) General 84 14 91 April-Oct 1995 income 4%s West 50 119% 120 95 104% Jan-July 1985—April-Ocf C 5s 96% 97% *98 April-Oct G Ltg 5s stamped gtd 1950 General mortgage 3%s 1967 104% 105 1963 ser Westchester 102'A 90 series gold 93 % *96% 104% >V income mortgage Washington 107% 5 Jan-July Jan-July series 3%s first 102'% — Co— mtge Warren 123% 101% 101% 95% 2019 1965 97% 99% 96% Co— mtge 3%s 4s 5%s '99% 123 RR— M refund & C 91 % Mar-Sept 1959 1958 series B Louis- impt 2%s series Orleans and First Texas St 3s and ref lien Walworth 103 95 . 94% —May-Won impt M 4s series 3s New of Ry 5s mtge Ward 61 T Terminal refund consolidated Walker 99% 25 __ 95 1974 debentures s Power mtge 2%s 25-year —Jan-July Corp 2%s debentures 1966—..Jan-July 2%s debentures 1972... Jan-July Oil 99 *103 Standard Oil of Calif 2%s debentures 196G_Map-Nov Standard Oil (N J) debentures 2%s 1971— Feb-Aug Swift & Co & Gen 102% 23 3 95 Vi 95% Bell Tel 2%s debs 1985—April-Oct 3 Vis debentures 1983 May-Nov ASpokane Internat first gold 4 Vis 2013—April Sunray GO 82 ...Jan-July debentures debentures debentures First 76% 98% 105 Ry first consol gold 5s 1994 Jan-July and general 4s series A 1956..:...— April-Oct Devel and general 6s series A 1956—Aprit-Oct Dovel and general 6Vis series A 1956—— April-Oct Memphis Div first gold 5s 1996— —Jan-July St Louis Div first gold 4s 1951 2%s 100% 3 96% W 102% 94% 106% 106% 101 Va Devel Southwestern 6 104% 104% 96%t RR consol gtd 4s series A 1955—Feb-Aug sinking fund series B 1957 Map-Nov Wabash RR 58 % ,*• 99% —Jan-July G 103'% April-Oct 103% 100% 99% *123% ... mortgage 2%s series mortgage 2'As series 99% May-Nov 1976 and First 128 100 210 98% *102% 103% 99 Vi April-Ocf Gold 4%s 1981— May-Nov San Fran Term 1st mtge 3%s scr A 1975_Juwe-Dec Pacific RR CoFirst mortgage 27/8s series E First 105% 10 *102% 107% 100% 28 80 59 May-Nov Southern 103 Va 100% 105% 127 *102% Vi Southern First 2 100% 101 77 % 99 Mar-Sept 1986 110% 99% 5 99 101 — *97% Jan-July 1977 A 108'A 10 April-Oct 1967 convertible 4s Lines) 2%s debentures Electric First 106% — Co— 4Vis Gold 1994 101'% 17 103 103% 103% 1991_Mar-Sept 1966 Virginia & Southwest first gtd 5s 2003 118% 85% 12 ~ 104'% 104% Jan-July 23As 105 1 105% 105% *126'/■» Jan-July ..Feb-Aug 1 1985 101 *107% Jan-July 1963 98% 103 June-Dec 1970 2%s 3V«s 101 83 Telephone & Telegraph Co— debentures 1979 2%s 71% 273 June-Dec 5s 45% 102 110% 110% First and refund mtge 2%s ser E 1975 Mar-Sept First and refund mtge 3s series F 1978..Mar-Sept 76 263 105 Vi 197%„.April-Oct 1941_Feb-Aup Southern Bell 71% 16% 94 *99% 101% Feb-Aug America Pictures 3%s Virginia 86 97 -- 101 —Jane-Dec gtd 65 94% 118% —Jan-July 2016_Ja?i-July 196A 41 14 104%, 104% 1976 of Gen Oil 2%s 1976 North 74 64% trust ~7s debentures 135 508 V 103% 94 April-Oct j coll 97% 63% 1989..May-Nov Jan debentures Corp 5 64 May-Woo A 1974— Oil tSASilesian-Aaner k scries 56'% 25%, 95 RR— debentures Virginian 1989 52% 23 94 Mar-Sept 12 Va 94 Vi 2022—_May & Sons 2Vis 19G6——Jinie-Dec debentures Union 4%s E.) debentures First Jan 56% 103 10 8% — *100 1996 3s 1961 mortgage 2Vis series C Rubber S 2%s debentures Consol 1955-Jan-July Scioto V & North Eastern first gtd 4s Air Line RR Co— First mortgage 4s series A (Jos Calif United Biscuit Co 106% 7% *66 Seaboard AGeneral of Pacific 2%s Vandalia *65 1971 Seagram Oil Union 106% 120'/a 105% "l 8% April-Oct A Hrgfx 100% 25% Electric Co of Missouri 3%s 1971—May-Nov First mortgage and coll trust 2%s 1975—April-Oct 3s debentures 1068 95 102% ~ 8% Second 4s inc bond certificates Nov 1989_Jan-July General and ref gold 5s series A 1990—-Jan-July St Paul & Duluth first cons gold 4s 19G8_Jime-Dec St Paul Union Depot 3%s B South debs __ *107 1997——Jaw-July mtge inc 4%s series Low 95 Union 2%s 1996—Jan-July J.-. Louis-Southwestern Ry— 3s 2%s Corp — Mar-Sept 6s 1996 Year 1 !)t» *103 May-Nov —Jan-July 1971 Range for Sold No. 104% Union 1977—Mar-Sept 19G7—Mar-Sept 19G7 Mar-Sept Louis Rocky Mt & P 5s stamped Louis-San Francisco Ry Co— Shell Jane-Dec 151% S 1st 1974 223 Refunding D series 3'As t A Rut-Canadian St 3%s Ry first refunding 4s 1960 Jan-July AAdjustmcnt income 5s Jan 1060—-—April-Oct Tol & Ohio Cent ref and impt 3%s 1960—June-Dec Corp— 4%s Bonds High Pacific- Orleans New 103% -- 102% 102% 3%s series D 1955—May-Nov 3s debs 1973 April-Ocf Electric General St of 104 1 Friday's Bid & Asked U Jan-July Tobacco Gas General St RR tThird Ave R St Pacific-Missouri Term 146% — or Sale Price Low Q Quaker Week's Range Last Period 215 —- 8s mortgage 2s Interest High *104% 105% ... mortgage Year 191!) No. High Range for Sold Texas 1963- refunding refunding refunding refunding refunding B ONDS Bonds Bid & Asked Electric & Gas Co— debentures First 20 Friday Friday's or Sale Price Low Public WEEK ENDED JANUARY Week's Range Last Period FOR in the year's in the range year's n Under-the-rule range, y salt not Included in ths year'^ range, r 99 sale not Oaih sals Ex-coupon. Section TT of jam NEW YORK CURB EXCHANGE WEEKLY In the and or following extensive list ending ,the current bond, in which any AND Friday STOCKS— Motors Acme Aluminum Acme Wire Adam Eat Aero Sale Price Alloys 1 - Stores Surpass 10 Inc Ainsworth Mfg Associates Air-Way Inc Alabama Great Power 0 J7 ... Appliance 4.20% Intermit Allied Products 4 2,400 400 2 % 1,200 11% 8 11% 8 8% 8% 8 $3.75 Co of America cumulative Aluminum Goods Industries footnotes Mfg see common crage 29 American Bantam 3% May 1% Mar 6 Aug American 1% Jan American 7 Vi Jan American 8 % Jun 11% Dec . Class 5% 'conv Beverage Book Cities 8% Dec Nov 4%% 100 Gas 3 % 7,000 400 4, 5% 400 52 3 100 Nov $2.50 3% Feb 6 Apr American Hard Feb 5% Nov American Laundry 2% Feb 3% Apr Jun 17% Jan 5% Feb 5% Dec 8,800 45% Jun 300 93% Jan 100 20% July 4% Jun 52 "4 53 % 99'% 98% 99% 25 25 • 8 8 300 6'A May 9% Jan convertible % i 9 American Meter' American Natural 100% Aug American Jan Class Oct American Potash Jun 51% *!« Jan % Dec 1% Jan 3,800 1 1 CO r-4 81/ 40 Jun l7/a Jan 58 July 80 % Dec 9% Dec 9% 1,500 6 Mar 114% 114% 50 111 Jan 8% 28 Mach & B 28 2.000 1% 25 27% Feb Jan 45'% Oct 9% Jun 13% Jan 25'/4 Apr 19 Dec Co 6% class , 17% 13% 500 20% 20% 650 18 Nov 16% 18 '/a 4.200 13 July 4V« 11.600 3% 3% 14% 14% 15 900 47 48% 400 35 35 25 _ ■ pfd—25 A Dec 12% 2 • Chem iW M I 1 common - Republics K 35' '4 2 ' 2 35% 20 Co Gas 114% May 2% July 32% Co American Metal Products 7% High 35% 1.700 preferred—. American Mfg Co common... American Maracaibo Co 26% 2,300 14 Mi 81 1 Rubber Dec 54% 48% D - American General Corp common___10c $2 convertible preferred 1 Dec 13% — 53 Low 47% Light— • 4 1 Range for Year 1919 High 13% 10# & Vi 100 Jan Jun 48 Shares Electric— & 91 92% Low 1 common preferred 3% 4% class A Co. Power for Week of Prices 15 : American 7% pfd— Car Co B Jun Feb 4 100 Jan Filter 78 4 8 • 32% 4% _• preferred Aluminum For common Oct 5% — Aluminum Amer 300 • common Jan Air * common 3% 800 ■ 1 Bros Ltd Jun 99% 99 Vi 4% 1 Aites Brewing Co Aluminum 1 Va x8% __ 100 Aitofer 700 Sale Frier. Par Oct Sales Range Last Exchange High 1% 7% Jan 1 Investing Corp (Mich) common % May New York Curb 19% 2% Week's Friday Low 4% 1 1 common.. Allied 3% I 50 pfd Inc. 20 STOCKS— 600 — Southern Alaska-Airlines Alles.t Fisher (N 1% 4% ~2% JANUARY Range for Year l!)t!) High * common Electric Alabama Stores Shares __ 1 1 Shoe 3% ENDED for Week 1% common FOIt WEEK Sales Range of Prices low warrant* Supply Mfg Agnew Atr Co Week's Last Exchange Par ACF-Brill RECORD furnish a complete record of the transactions on New York Curb Exchange for the week beginning on Saturday, Jan. 14 Friday, Jan. 20. It. is compiled from the reports of the Curb Exchange itself, and is intended to include every security, whether stock dealings have occurred during the current year. RANGE New York Curb YEARLY we 44% Oct 3 Jun 5% 7,1/4 Jun 14',4. Dec 34 Feb 50'% Dec 30 Jun 34 Dec Jan • 27% 27' 27% 425 22% Jun 28% Mar • 27 'A 27 'A 28% 2,100 22% Jun 28 29 % 29 32 7.900 20% Jun 10 ! 37 % Mar Dec ■x- 26 THE (382) COMMERCIAL & EXCHANGE CURB YORK NEW J WEEK ENDED JANUARY 20 RANGE FOR Monday, January 23, 1950 FINANCIAL CHRONICLE Week's Exchange New York Curb American Amer Seal-Kap Superpower Corp * preferred series $6 common American Writing Paper common 1 1 Anchor Post Products I 1 — 58 950 Jan Dec Thread American preferred 5% 4% May 4% Jan 200 5% Feb 7% Dec 100 4% Jun Dec 400 7 Dec Mar • • Arkansas Natural Gas common Common class A non-voting $1.20 Aspinook (The) Corp 1% Jun 4 Nov Nov Coast Atlantic Coast Line Atlas Corp Atlas Plywood 3 Corp Automatic Bteel Products Club Dec Cock shun 115'A 110 113% Jan 116% Nov Colon 10% 700 6 Jun 9% Oct Colonial Jun 22% Dec Colonial Sand A Stons 24% Sep 10% Dec Colt's Manufacturing Co 725 ' Feb 47% Dec 16% 1,600 5% 3% Oct 51% Jan 1% May 35 200 July 11 4 ft 300 4% Jan 5% Oct Consolidated 300 6% July 7% Dec 8% Nov 50 11% 11% 19% Apr Feb Consolidated Jan Continental 15% Jun B Royalty Oil 7% preferred 2,800 54% Nov 61 Jun 41 Barcelona Tr Lt & Pwr Ltd Corp Inc 100 Aug 37% Baumann (L) A Co Beau-Brummel Ties common 1,000 7 Feb 10 Dec common 6 Jun Creole (AS) Shoe Corp Bellanca Aircraft common Bell Tel of Canada 13,800 6% 400 15% Jan 3 Jun 6 5% Feb 7% Aug common Crown Drug Co common Apr Oct Crystal Oil Refining common $0 preferred Cuban Atlantic Sugar eommon 1% 100 1% Sep 100 33 Va Feb 7% 500 6% Jun 9 Jan 56% 70 26% Jan 66 Dec Blauner's common Blue Ridge Corp 11% 2 38% Blumenthal (S) Bohack (HC) prior Crown preferred 5% 5%% cum pfd SI Breeze Corp 5% • 17% 1 6% common Bridgeport Gas Light Co Br ill 0 Mfg Co common Class A 9 Mar 13% 4% 8% 82% 20 22 % 560 300 1,450 , 200 2,100 6% 5% 5% 17'A 5% 2,000 5% Jun 23% 80 11 -r 22 Sep 7 Jan 4% July 15% Sep 18% Jan 3% May 6 ' Jan * * * Aug Apr 23 Feb 17% Dec 33% 22 " 140 33 Jun 34% Sep 23% 900 19% Mar 23% Oct reg British Columbia Power class A Class B cum Brack Mills Ltd 15, 8'A 75 1% 200 50 24 24 — • 8 * — • 12 11 a 5 % la Dec 11% Jan 7% Dec 11% Feb « 5% ■ 1 16% 15 % 2.08 "j. 25% 3% /4 800 8% Jun 1,200 4% Feb 3,000 16% 7% Aug Sep 5% Oct 17 20% Jun Dec Nov 19% 13% 19 % 800 14% July Jan 6 % Dec " class 11% 11% 11% 1,600 10% July 11% Nov 2.00 15% 15% 15% 1,900 12% Jun 22'/a Jan 8% 8% 300 6% Jun 12% Feb »*<{■ Vn 10 38,600 ft Jun % Jan 3% 3% 3% Dec B , 4% • Buckeye Pipe Line Bunker H1U A Sullivan Burd Piston Ring Co 1 Burma Corp Amer dep rets Burry Biscuit Corp 12%* (Mo). Oo Mfg 4 5,000 - _ 1% Jan Hosiery Davidson-Brothers Day Ins eommon Mines Inc Dayton Rubber Oo el ass ADej ay Stores common Dennison Mfg class A eommon 8% rets 0% pfd 4 Calamba 8ugar Estate Calgary & Edmonton Corp Ltd 4% 1 6% • California Electric 800 2% Jun 4Vi 1% 100 1% July 2% 4% 500 3% Jun 8% Mar 6% II 4% 4% — 7 % 17,700 3% Jun 7}| 8 8% 8% Dec 23% 6% May Dec 19% Canada • r2% July r2% July 20% Bread Co Ltd Canada Cement Co Ltd 8%% Convertible Ltd Iron Foundry Detroit Steel Products Detroit Gray A Kennedy Inc Amer Casco 2% 19% • common pfd rets Products A 65 . 7% 200 7% 300 7% Jun 1,300 Dec Nov U 12 Aug Oct 7 6% 6% 6 % A% Jan 16% 16 % 16% 400 14% Jan 17% 5% 5% 6 4,200 4% Feb 7% 36% 37 100 31% 32% 9,900 31 Sep Oct Jan 42 Jun 28% Feb 3% 2% July 32 41% Jan 1% Aug Jun 1% ft Jun 5.000 2Va Sep 7% Jan 6% 300 5 Jun 6 % Apr 6 6 4,000 3 6% 3 1% 2% % 1 6% 1,900 5 Va Feb 8% Apr 9% Nov 13% Jan 2.300 1% Jun 3% 200 IV4 Jan 4% May __ 2% — — ■ 3 2% 2% 2% — 51 20'A 21 % 21% ' — 6,800 300 12% 13% 474 36% 27% July 5% Jun Dec Sep 8% Jun Dec 15% Jun 10% 200 13% 35 13% 193A ° 5% Mar 350 __ May 107'A 14%: Apr Mar Sep 65 Jan 102 __ 11% 2.11 .1 30 70 50% Oct 16 Oct lOo 81 I0e 1 0% 7 300 2 2 1,700 36 American rets dep ord Do bee km un Oo common 1% ~8% 11 10 10 2 400 11% 1 11% Dec 1,500 100 1.000 2% Sep 3 Jan Jun 32 Feb Nov 8 Va Dec 9% May 11 'A Jan 6 Nov 152 Jan 7 Jun 9% 1% Jun 274 Jan Jan 22% 23 400 18 Jun 24% Nov 11 23 11% 200 9 Jun 12 Jan 1% 1% Dec 1% Dec 3.700 6% Jan 13% Dec 3% 13 13% . 100 13% 1% 2,400 18% 1.700 Dominion Bteel A Goal class B Dominion Tar A Ohem Oo Ltd 17% II 3% Oct 36% Nov Jun 16% Dec 22% Dec 23% 100 20% Mar 71 % 72% 225 57 26% Oorp— 26% 100 Nov 10% May Jun 9% * 72% 68 Va Oo_ Dec Dunlop Rubber Oo Ltd— Amer dep rets ord reg 23 Jun 3 2'/a Jan 74 .11 Drlver Harris Oo. Power Jan Jan 11% 23% • Dominion Textile Oo Ltd eommon • 2% 26% 3% 3% 1 Dominion Bridge Oo Ltd. Duke 7% Jun L32 4s reg Domestic Credit Oorp slasa Draper 1 1% 22% 6*8 2 1 Feb 88 Dec 6% «1 1 * 1 • 2% ~2% 400 Apr 1% Jan 9% July "4% "4%. 1,100 16 'A 4% 16% 200 3% 600 7% Feb 2% Mar 15% Dec Jun 5% Feb 10% Mar 17 Vs Nov 3 200 70 C9 69 Eastern States Corp. 30% 30% 100 3% Eastern Malleable Iroa 67 3 30% preferred t% 3% 69 % 1*1 101 prior preferred 4% % 3% * Eastern Gas A Puel Asan com 3% 3% 1,500 4 1,200 2% Jun 4'A Jun 77 Jun 77% 26 Aug 1% Jun Jan Feb 62 61% Oct 37 Va Mar 3Vs Dec 50 Jun 76 Oct 39 50 72 Jun 67 Oct Dec $6 preferred series B Eastern Sugar Associate#— 19% 19% 1 79 % 79 % 50 7 Dec 10% Jan Easy Washing Machine slats B Electrl* Bond A Share eommon " 10 10% 1.400 I 13% 19% 65,200 1 13 14 8,700 9% Jan 111 104 104 250 92 % July 1 1 6 6 200 4% Aug 7% Apr Feb 13% Apr 6% 9% Dec ~2% 16,800 1 19 19% 950 12 May 9 1,300 7% 100 2% Nov 65 400 3% 21 Jun 3 63 'A 3% 3% Jan 148% July 2% Dec Jun $7 preferred shares series 10 3% Jan Oct Apr of beneficial lnt lnt Empire District Electrl* 1% pfd Empire Mlllwork Oorp Emsco Derrick A Equipment Jan 62% Dec Equity Oorp common IS convertible preferred.. 109 Mar 114% Nov Esquire Inc 5,400 2 Feb 40% 4% Mar 1 10c 19% 19% 13% 13% 13% 1% 1% 1% 5,100 6 6 11% Mar % 300 % 15 15 23 26 Oct Oct 11 '4 Nov Feb 18% Dec Mar 10% 11 1% Feb 13'A May Dec 102 1% Mar Jun 47% Oct Mar 6% Oct % May % 4 10,400 150 19% 78 5% May 60 31 1 1 II Oorp 1.000 400 1 Ltd Eureka Ftps Line eommon Eureka 72 • • A- 100 12% 21 2 2s Id Sep 14 Feb 18 Feb .. 5% 1 ~4% 4% 300 25% 4% common -11 25% Dec 13% Mar Feb 2 Mar x4% Mar 1 (AM) & Co Catalin Corp of America 26'A 350 5 % 6% 3,500 5% Feb 53A 3% 21 Dec 3'A 36 4% Jun Mar Dec Oct Jan Jan Fair child -10* preferred Central Ohio Steel Products __100 Central Power A Light 4% pfd_ 100 ICentral States Elec 6% preferred — 7 ft preferred Conv pfd opt div ser Conv pfd opt div ser 1929— Century Electric Co common Investors 16 150 82 10% 95 95 14% 146 16% 151 30 100 50 1,800 1,550 14% 15% 210 14% 15 15% 325 Jan Fire Association Jan Nov First York Oorp eommon—— 85% 5% 55 29 84 20 3A Feb 1 21 5% July 20% Dec 93A Jan 3% Dec Jan 35 1# 4 Va 4% 17,100 7% 7% 100 Dec 5JA July 3 4% Dec 160% Feb May —1 — 15 94 5 .2.80 America common page Va 10 —10 common footnotes see Nov Nov 74% May 8 2% 6 Engine A Airplane Metallurgical Fansteel 2 preference Charts Corp -100 — -100 Inc Cessna Aircraft Co Chamberlin Co of -100 — 32 10% 82 1 Camera A Instrument Falrshlld Central Maine Power Co— For 800 Nov "2% 114% 114% —1 ord Castle Conv Jun 11% 11- Ltd— dep Century 33 ft 20 ... 26% 8% • (J W) Co common 8.50% Jun 4,300 32 3 1 2.00 Amer dep rets B ord Carter Jun 10% 3,500 % Feb 148% July S common Carr-Consolidated Biscuit Co Carreras Dec 15 Electrographlo Oorp eommon 7% * 1 Carolina Power A Light $5 Jan Jan Oo Ltd— Dlstll'»-« $1 pfd shares of beneflsial 7% 100 Carman A Co Carnation Co 3% 1% 14% 8 • Devoe A Reynolds class ■ Com 7% 7% • Marconi Carey Baxter 400 3 Jan Jun % May 2% 400 1% May 103 % Jun Aug • preferred Capital City products Jun • common preferred Class B non-voting Canadian Industries Ltd— Canadian 3 Nov 18 Nov X24 20 Canadian Industrial Alcohol— Class A voting 7% 2,000 • common preference Canadian Canners 14'A Jan 70% Jun Dec I 8% Aug Jan Power Camden Fire Insurance 1 108 9% 1 1$ Manufacturing A Duval Texas Bulphur 1% It* Jan x4% 100 debenture Detroit Qasket Duro Test Oorp eommon C American dep 100 100 14 Va ,_l.lt Mills Duraloy (The) Co Durham Hosiery class B eommon Cable Electric Products common Cables A Wireless— Dec Nov D Davenport Oct 13% Jun 5% Jan 2 1% July 21% Mar 1% -- 1 Junior pfd Brown Rubber Co common Bruce (EL) Co common 8'A 8'a 10s Brown Forman Distillers 7% — 11 s 115% 2,250 % 1 11% 70 3 Jan 2,100 3 14% Jan4 58% 4% 13% 434 86 Dec 9% Jun 109 88% 12% » — Oct Jun 13% . -- 1,000 5,700. 80 Dec 54% Apr Mar 62 13% — • 6% 10% Aug 7,700 9 55 21% • Oct Dec 17 — Sep Dec 35% 27% July 175 Sep Feb 2% American Tobacco— Amer dep rets ord bearer Amer dep rets ord reg British Oelanese Ltd— Amer dep rets ord 4% 500 4 • • British-American Oil Co British 22'% • Brazilian Traction Light A Power Curtis 13% 20 100 Borne, Scrymser Co Bourjois Inc Curtis Lighting Inc oommon 6% May 8% 4 6% 104% 108 • common. Dec 400 52% 8% 54 3 • Tobacco Nov 12% 82% • common 44% Feb 4 1,000 % 113% 114% 3 2le • 11 1 -101 _ _ 15% 8% 3% 4 4% Jun 71 • Internet'l "A" partlc Jun 13 12% 13% 1 A Co common Co 200 12% ■ common 16% (Md) Petrol Cent Crown Cork 34% 15 1 Blrdsboro Steel Fdry & Mach Co com.* 38 9% 1 Oo A Sep 4% May 87/s Mar 56 Milner Crowley Cuban Bickford's Inc 6 69% 1 6 1 Brewing Co Croft Crosley Motors Inc Nov 100 300 7% 7% 56 6% 13 % (ord reg)—91 • receipts dep Petroleum 6 5% 121% 1 % * Dec 33% 1,100 i7'i 43 1 Jun 10% 250 34% tl Jun % 5,300 % • Mar 12% ——1 Jun 3% 28,600 5 4% 40% 1 14 5% 1 Benrus Watch Co Inc Benson A Hedges common "4% 13 1 common 1% Aug 1% Aug 1 Beck Nov Courtaulds Ltd—' Dec 6% 1 Apr 5 Dec 10% 4% 4% 1 7% 1$ 38% • 1 Steel Basic Refractories Dec 87% convertible preferred 32 American Barium 3% • class A 10 — 4,400 le Reynolds common 3% 1 5% — • 38% »• Oct 4% • Cosden Petroleum common 5 % - Dec Dec 6 105 1 Fdy A Machine Oo preferred $1 Locomotive— Baldwin Rubber Co common Banco de los Andes— American shares 8% 14% Jan 1 Oar-Na-Var Oorp Inc Corroon A 53 Aug Jan Jun 113% * 1 If A Varnish Oo Paint Coro 53% Mar 4 500 30 1 Utilities Oas 25 Continental —— Apr 22 1.500 28 % 35% 10$ 10$ Liquidating Corp Consolidated Mining A Smelt Ltd Cook Baldwin Sep Feb 34% 10% 11 % Dec 10 2,400 8 70% Consol 2,000 2% Jun 3% 6% 1950- preferred serie* O 5,000 5% 8'% 8% Jun 1.000 si series B preferred 4%% Jan 21% Jun to Vtc ext xl7% 22 1% 5% j Consol QILP Bait common 8% 7% 7,300 Machinery— Shoe Compo 5%' 21 2% % Community Public Servle* Jan 6 Jun 4 5,500 Mar 3% Dec 300 3% Nov 17 1% Aug 7 43 Inc Hotel Commodore 50 15 Jun 4,000 6% Colorado Puel A Iron warrants- Jun 47 Jan 14% 1,100 3 Ve 2 4% Jun 6% Cornucopia Gold Mines Babcock A Wilcox Co 10% 17 2% 27% Co 143/f 21% Feb Dec 16 % "4% —1 1,100 % Dec 17% 5% 3,700 7% 70'% Jan % 28 % Development ordinary 2,200 Dec Feb 12% 6 % 9% Sep Jan 38% 600 400 1 Plow Co con 22% % 1% 28,900 16% i - Co Aluminum Product* 24% % Jun 75% 16 1 t lii Airlines 16 11% 72 % Cllnchfleld Coal Corp common Dec 8 .1 7 3'A 10 Dec 12 „ Ayrshire Collieries Corp ©om_ 9 % Mar Lambert Mfg Clayton A 11% 5% . 10% Mar Jan 6 5% 11"% 5% ti Jan 700 2% Jan ■ Ii 300 8% Co Mfg Jan 3% 17% Inc 8% 8% Claude Neon Inc common— Jan 5% Automatic Voting Machine Avery (B F) A Sons common 8% preferred 8 % % rH t> 5% 45 warrants Nov 8% ~ 5% 3% M 19'% .1$ 10% 43% 50 -1 Co Jun — 800 % _• Fisheries 11% Controller Oo— 5,800 5 % class A Atlantic Auto Stamping 16,800 • of America Associated Tel A Tel 225 — 11'A rets reg Associated Laundries 18% , 11 Associated Electric Industries— American dep Aug 17% — .1$ 10% 21% 24 9% 21% 24% 93A • 1 preferred conv 112 Jan 65 City A Suburban Homes. Clarostat Jun Apr 1,100 3% Feb 8% Jan 5 13 % Jun Cities Service common Clark 103% Nov Consolidated Mining Chief 3% May Feb 750 1,500 7% 111 115'A 10 — J Ashland Oil A Refining Co 17% Dec 2% 8% 57% 8 10"A 107/a H 115'A • 3.M pfd Equipment Corp 400 700 650 .4 10 /a 10% — !• preferred Arkansas Power A Light $7 Aro 3% 12 2,250 3% 10% 64 Voting trust ctfs City 12% 12 % 3/a 6% 109% ' 3% 10% 63 % Chicago A Southern Air Lines. 400 6 j\ t/ „ Inc 6% 6% 12% 3'/a 7'A 110% II 1 1 10« 1 Appalachian Elec Pwr 4%% pfd Argus — 10% 63% Chicago Rivet A Mach. 123 High Low High ■ Jan % V* Mar 13,600 Range for Year 1949 Shares -1$ Cherry- Burrell common Chesebrough Mfg common Oct 4 Feb — Anger man Co Inc common Anglo-Iranian Oil Co Ltd— Amer dep rets ord reg Angostura-Wupperman Apex-Elec Manufacturing Co 2% 1,700 Low Par High for Week of Prices Sale Price New York Curb Exchange 1949 Low 4'A 4% % A 119 121 4% 4% 6 6 /2 4'A % 121 4% 3 10c common Range for Year Shares High Low Par Last STOCKS— for Week Range of Prices Last Sale Price Sales Range Friday Sales Week's Friday STOCKS— 37 Sep 4 Jun Oct Jan 8% July 7% Mar Dec - Nov 10 % Jan 12 div cum Flehman le to preferred (MH) $1 (Phlla) 1 1 • II 10* 1 5,400 12'A Feb 5% 5% 5% 19.100 3% Feb 11% 10% 12% 12,600 8 Vs Feb 13% Apr 72% 72% 73% 170 57% Jun 79 Dec 2% 3% 1,000 2Vs Jun 25% Jun 25 Co¬ Stores—.—, ... 1 — 13% July Ford Motor Oo Ltd— Amer Ford dep rets ord ref_. Motor II 3% 5% 2,800 21% 3% 21% 1,000 A non-voting. Class B voting.. Ford Motor Amer J 4 u of Canada— Class of i,v • % li 14,600 35 Oct 17 Va Sep 5% Feb Feb 23 Oct 23 Feb Francs— dep rets bearer 3'A July Mar 17% 20 5% Mar ft July % Jan THE Number 4875 171 Volume COMMERCIAL NEW YORK RANGE Friday Range Sale Price Exchange Low Fox Oo Brewing Pitt Fort 14 4%% Fuller Co (Geo A) 10% :>0 Friday 200 31 10 7% 1,500 7% 30 30 JANUARY High 11% Dec 6% Jun 14 % 8 Jan 9% 23% Mar 550 300 10% Jun 7% Jun Sale Price Oct Kings County Lighting common cumulative 11% Sep King Sep 32 Kingston Dec Beeley Klrby preferred. _ Petroleum B-% 1— preferred Gellman Mfg General Alloys Co oommon Oct 70 (H» Va July 92% Mar 500 4% Jun 8 1% 1% 500 1 Jun 1% 3% 4,300 2% Jun 3% General Finance Corp Feb General Phoenix Corp. — 7% 5'/a 1,500 Jurv 7% Dec Jun 8% Oct 2,900 "5% 1,800 3% 3% 7,000 l'A July 4 Jan 29'A 2% Jun 42 Nov Jun 100 __ ~3'A Jan 44 42 5 General Plywood1 Corp common General Public Service $6 preferred—* Georgia Power 18 preferred % - 43% 1 50c . ~7 8'A 7% ~7'/a 1 common- preferred series A 10 General Fireprooflng common • General Outdoor Adv pfd——100 106% Nov Jan 5% Feb 95 75 Jan 100 May Xll2% Jun 116 Mar 105% 114% 115 • Jun 107 Oct ' 18 preferred Gertty-Mlch • Corp Gilbert (A C) Gilchrist Union Godchaux Class B Oorp Kobacker 18 150 12% July 18% — 100 9% Jan 13% Dec Sugars data A 15% Dec 21% Jan 700 9% J an¬ 11% Dec 13 11% 11% 700 il % Dec 12% Dec 2% 44 2% 2,900 1% Jun 3% Dec 44 44 25 3f* • Goldfield Consolidated Mines Mfg Gorham Inc Gorham Mfg Co — % • % . % A • — 63 10 Graham-Paige Motora 5% <% - 62 12% Dec Jan 32% Sep 80 Feb H Jftn 53% 49% Mar Jun Jan 5% Jun 150 63 43 Jun 11,400 50 common Jan 43% % 1 . : clasa — Mar 74% ' • Jun 21 • B 5,600 16% 2% x —. Jan 65 Dec 11% 700 1 6'% 6% 20O Jun ts Gray I 11% 11% 400 Feb 13 Great Atlantic Non-voting 7 % 1st Great ptd__2fl conv Co A Pacific Northern Grlesedieck 11% • 139 123% 140 100 preferred 131 131 Paper Western 41% 25 Brewery— 400 15 Fab 22% Dec 3% 1,700 2 Jun 3% Oct 1,300 9% Feb 14% 4,000 1 Jun 1% Sep 9% Feb 10'A Dec 12 common Kropp It I (The) Forge 13 % 27 8% 8% « Co. ~ 24% X Oo 1 Va 13% 1 — 33 %C 2% Feb 133% 14 130 128% Sep 142 Feb 41% 550 32 Jun 42 Dec 27% 250 25% Sep 28% Sep 9% % _ __ 9% 300 7% Jun 10 Dec Feb 110 Dec 109% 110 11-0 102 13% Feb 15% Dec Lake anore Hall Lamp Co_ _ Paper Hartford Electric Hartford RayoD _» _ Bridge Oo __ * Ltd Mines Light 2% 13'•'» Harvard Brewing Co__ Hathaway Bakeries Ino Lakey Foundry St Machine 13 % of Delaware La Salle Ixtenslon Lefcourt Le Realty Tourneau 7 600 12 Jun 49 • Hearn 48% 49 200 44% Jun xsoy4 Jan 2% 3.200 1% Jun 2% Jan 2% 1,200 1% July Dept Stores Hecla University Brothers Loblaw Jan Sep 7% 2,200 6 Va Jun 8'/a Apr 7% 1,600 5% Jan 22 22 600 6% 6% 12% 200 13% 13% 18% 5,200 Class A Heller Co 8%* i% » w w w — w 11 11% 11%. 8 % St A) Humble Oil Ino 0 26'% .18 —3 26% 100 25% 25% 26% 5,300 • Refining Kurd Lock & Mfg Oo Huseman Refrigerator $2.20 pfd Common stock warrants. 9% 700 1 % 6,200 9% 9 8 Va Mar 11 9% Sep % Feb 1% Sep • 1 123 121% 123 425 77% Feb 123 108% 107 1C8 % 900 66% Feb 107% Dec 1 27'% 28% 15.000 16% Feb 31% Dec 1 27'/a 113 * J 113 113 450 14 14% 300 14% 14% 14% 100 111% July 10% Aug Dec Oct 114 14% Nov M Macklntosh-Hemphlll Co g Maine Co 10 Public Service Mangel Stores common Jan- 11 17% Mar 2y8 July 11% Nov -17 Dec • 8% 8% Feb Jan 14% Dec Feb 14% Apr Apr 27% Sep Jun 38 6 1 81 10 ~7i/n "7 "7 % • 207/a 20% 21% 3% 3% Power Mfg • common Corp •2.50 12% Oct Metal Textile 11% 200 11% Dec 96% 97 6 Vxfe . Feb 1.000 4% 7,000 13% 400 2% 5% Jun — - Feb Jun 8% Jan Jun 21% Feb 4% Sep 7% Nov 2 Mar 1% 900 18% 17% 18% 4,200 it 113A Jun 18% 41% 40 41% 100 34 Jun 40 30 Va 31 22 5 25% July 33 B 1% 9 7% • Nov Sep 14% 15 Sep — 1% 1 % 6 Va Dec 9% 2,100 15 1 Scott Feb Oct 400 7% 7'A 1 & Jan 2% 1 12% Nov 15% Jan 1% Mar 2y8 Apr 4,200 Jan Corp— 4% 4%. 5% 5% —- A preferred Iron 31 -.- Warrants Apr 25 2% 1 Co & Mfg Co Chapman Merritt - — • common (A G) & Co class McWilliams Dredging Menasco — 10 preferred Johnson — ~ 1 common McKee Mead — • Shovel Co 11% Jun"" July 10% 13 „ Manischewltz (The B) Co Mapes Consolidated Mfg Co Marconi International Marine Communication Co Ltd Mesabl — ~ „ . 6 Jan Oct 110'/a Jun 3%,Mar 6% 2% July 100 100 Co 107% 5% 1 3,500 10% Mar •' 9% 30 Jan 91 Jun 68 Mar 98% Corp IV# common Participating preferred 53 53 3% 30 II 6% Jan 45 Jan Dec Nov 54 No" Oct ■ 75 Nov 200 5% Feb 10% Dec 725 39% Jun 48% Jan 7% Jun „ 9 % 9% 46 'A 46% 9 % 47. 9 3 % 9% 3 % 9% 2,600 Michigan Bumper Corp Michigan Steel Tube Michigan Sugar Co common % 6% 11 Apr 2% Dec 4 Aug 25% Jun 33 Sep Middle States 12% 3 Oct 17'A Jan Miuaie West 400 500 4% Jun 8'A Oct 8% 400 6% Aug 9% Jan 1% 300 1% May 9% Oct 8 8 1,500 % May 5% May 7% 77a 200 6% July 8% Feb 1 9% 9 % 9% 5.900 a 2% 2% " 2 1 > 111 7,300 1% 2% Nov 10 'A 225 18 Hone 67/a V4 1% 8 • preferred win-om a tic G% l 2.80 Corp 1 8 Va ' — — ' — -. __ 42% May 39 160% 160% 33 % 10 34 223 ' Aug 133 — — Jun 162 Dec Feb 34 Oct 30% Petroleum Corp Midland Oil Corp Midland com common $1 pfd 10 • dividend shares • Steel conv 9 Jun Mar 10 % May July 25 % Products— 12 non-cum 13 Dec ' 106% May - ^ 111% Aug Midvale Co 19 'A 19% 19% 900 16% Jun 21 Jan Mid-West 83% 81% 84% 2,400 68% Jun- 90 Dec Midwest 4% 4% 300 2% Jan p 2% 16% 18% 16% 18% 2% 3% Jan Jun 22'A Jan 3% Dec Minnesota Power & Light Jan Missouri 11% Feb 2 Nov 18 common Public Service Molybdenum Feb Jan 16% Jun 21% Nov 26 Nov 19 May 2'A 2% 2,300 1% Oct 3% Mar 6% 6% 6 % 900 5% Dec 7% 29% Jun 33% Nov 10% 10% 1,900 7% Jun 11% Nov 60 Oct ' 10% • 101 pfd—188 5% __ 77a 2,400 3 3 100 7% 7% 1 . 50 35% 3 Va 1,000 100% 101% 1 common 102 34% • common Corp Monogram Pictures 1,100 ~2'A 4%% convertible preferred Mining Corp of Canada 2,800 W 4% 1 Jun 1% 10% Co 20 • Refineries Wohl 20 16% Aug 9 1,650 BOo Miller 1,500 • Midwest Piping & Supply common Mid-West 49 20% 10 Oct Apr 17 ■ Nov Co Jun 3% 17 % BOt Dec Jan 4 100 2% 16% 5% Oil 15 % • common Abrasive 9% 43 75 —1 1 Dec Jun 1M Dec —1 Hygrade Food Produets 26'A 109 dep Louisiana Land St ExplorationLouisiana Power <& Light $6 pfd Lynch Corp Dec * Hydro-Electric Securities Dec Jun of 17 0 common Sep 28 % 20% 7% of0dep_.. 17% . 1st conv preferred 27% Jan 21'A Mar dep 8% St Oct ctfs 8% July —100 common 28 %■ ctfs 6 • * (Harvey) Oct 24% May A 8% July • preferred 11% of 350 —— 1—15 6'A Mar ctfs 1.300 0 Co Oct Dec 2,400 preferred B 3,100 —— Hubbell Huyler's 300 • (Geo 17% 29 preferred 7% —1 Horn k Hardart Baking Co Horn St Hardart common Feb Jun 7 % 13% 10 Inc I3y4 May 10% 6% 11% 100 * Apr Oct Dec 24% A Longlnee-Wittnauer Watch Co Long Island Lighting Co— 11% 1 Holllnger Consolidated G M_ Holly Stores Ino Holoph3ne Co common- 9 Va Mar 1 7% 13% Feb Jun 23% 13 —100 common & Co class A Hormel 7 6'A 6% Mar 23 ' HZ12 — preferred preferred Horder's 7% 7% Mar 7,300 ■- __ common Henry Holt St Oo Hoe (Rl 18% Jun 9 2,200 17% Chain 13% • common 10% 16 % 19 100 12 % „ • Lone Star Gas Co. (Texas) Common Oct 5% 14'A B Locke Steel 13% Jun Jan 13% class Jun 37/a 8% 18'A II common Groceterias 10 100 6% Corp common Lipton (Thos J) Inc 8% preferred Lit 400 12'A Inc Lionel 11% __25c Rubinstein 2 10% 17% Z„IB common Mining Oo Helena 2 % 1 Corp.. Oct 2,600 2,600 6% 22 common (RQ) McCcrd 400 2 Dec 14% 4% 7% Monotype Machine. Jan 11% 16 2% May 11% -1 Corp Lanston Dec 6% Sep 11 1 Hazeltlne 4% " — 15 % 1 common- Dec 12 9 11% -1 ccnvertible preferred McClanahan Oil Co common 15% 20 25% Feb 4% Ltd 5% 11% I—16 common Dec Apr 6'A 100 2 'A 13 lA Lamson McAleer H Hamilton 13% 18% L Laciede-Chrlsty Company L'Alglon Apparel Inc Massey Harris Hammermlll r 225 Marlon 9 10% Ma Oct Dec • ; 50 Dec 1,100 9 Va 14 Oct 103% * 27 Grocery Stores Products common—25c Gulf States Utilities 14.40 pfd 100 Gypsum Lime A Alabaatlne 7% Jan 1,200 131 41 2 Dec 21% 11% Tea— atock common 40 . Jan 12% Grand Rapids Varnish Mfg Jan 1 Va Jan 14 16% 5 , >v.auiiuU $4.80 prior preferred Goodman Jan 12 , 26% — Stores WrpwJnjf Class 16% : l Inc lux. 4% Aug 6% Sep Jim 4 14 ' — ' Co ,/vUuil) — 3% 1,000 2$ Coal Dl8t"Tsr«-* R]«rs Globe 2,700 5% 17% ■— • 4% 5% • common Co Alden 4 1 Gladding McBean As Co Glen 4% 1 Yellowknile Gold Mines Giant 100 3% —— 23% Aug Dec 6% __ 8 % 39% Jan 22 £1 dep rcte ord reg High 3'/, Jan 3% General Electric Oo Lt>d— Amer 1910 900 Apr 3 % ~1% * General Bulldere Supply Corp com—1 i % conv preferred™ ———25 — 5'A 1 a 1 Feb 5% 1 Oo 92 91 92 100 15% 01 • Knott 14% Mar 600 16% 15% 1 Low 21% I (01 mil) (Jo oommon Klelnert (I B) Rubber Co 16% Range for 39% 1 —__ _ Shares High 7% 8 1 Corp Products ILiein • LOW • It Klrkland Lake G M Oo Ltd Qatlneeu Power Oo eonunon—— of Prices Pur 4% Sales for Week Last New York Curb Exchange Week's Range STOCKS— 1,900 10% 7% M • preferred conv (383) EXCHANGE ENDED Range for Year 1919 Low 14 10 common——1 Franklin Simon k Co Ine Shares High 13% 10 1.21 Brewing (Peter) CURB WEEK CHRONICLE for Week of Prices Par FOR FINANCIAL Sales Last STOCKS— New York Curb Week's & 150 93% Jan 104 Nov 24 Feb 34 Dec 6% 2% Jun Jun 8% Mar 3 % Dec Monongahela Power Co— IUlnola Zinc Oo Chemical Imperial Amer dep * common 1,650 8% July Jan £1 Feb 3% Dec 4% 13% Feb 20% Nov Feb 20% Nov Jan 13 % • 13% 19% 4,800 • 19 % 19% 19% 700 14% | Registered Imperial Tobacco of Canada 19 % 12% 12% 12'% 1,100 11% Dec 12ya May Oct Imperial Tobacco of Great Britain £1 10 Petroleum coupon • shs • International Products international 8afety Razor B Iron 50 1,650 % Jan 99 Dec 98% Jun 135 Dec 10% Jan 16 Dec 88 14% 15 76% 77% 1,200 8% 8% 2,100 6% 8% 8% 300 6% 11% 11% 11% 600 % % 800 1% 1% 1% 2,500 800 1 47 Jan 77% Dec Sep 24 V* Dec Jun 11 8% __ Jun 11% , 8% Mar 16 y8 tc 92 % 6 1 Superpower Corp com cl A 92'A 10 15% —— 15% 600 5% 1 • 6 1% 600 .181 pfd series B Monroe Loan Society com class A_. Montgomery Ward & Co class A Moody Investors pn.vt.ic Morris Plan Corp of Producers Mountain Mt Tel States Ohio Mfg 2% 178 _ -1 JH Jefferson 0 XXAA ok ts Feb i 1 __ 4% Oturti* Co (N 1 J) 7 86 common WWII Preference Julian St Kokenga Co - Jan Namm's 17 Jan National Bellas 5% Apr National Breweries 1% Jan 300 % Jan Jun 5% Dec 7% 600;- 4% Feb 7% Dec 3% 600 3% Aug 5% Jan 3% 300 3'A 4% Jan 18% 100 7% Inc xl7 Sep Dec 20% Jan K Kansas Gas St Electric 7% Keunedv's 'Walter) «. For ) 5 116% common Fuel k Oo_ 5% 116% 116% 46,500 40 Mfg 11% 2% 116 Sep 9% Jan National Radiator footnotes in see page 29. Sep 95 July 25 700 17 Mar 24 8% 400 13% 500 107 11% 7% 15% 33% 105 26% Dec Nov Feb Dec Nov Apr 32% Dec Nov 10% Jan 13% Jan 12% Jan 3,500 10% July Jun 7 National 1,100 10 Jun 14 % 3 Mar Rubber 500 8,800 23A Mar 4 30% 31% 610 29'A Mar 36 34 10% __ Nestle (Herman) Le Co NeW Nen Haven 12 200 914 Jun 14 Oct 10% 11% 475 6% July 13 13 200 9% Clock & Watch convertible preferred Dec New Jersey Zinc New Mexico Park Votv Process May & Arizona Land- Mining Co Jun 11% Jan 9y8 Jun 11% Feb 9% 1,000' 6V4 Jun 10% Jan 8% 100 53A Jun 9% Dec 7'A 500 Dec 8% Nov Jun 18% 3 500 2% Nov 3% Mar 41,400 2y8 Sep 4% 100 100 3 3% 6V8 Co common. Sep Jan 6% 94% England Tel & Tel Nov Dec 6% H'/a 12% Feb 13% Dec 25% 500 12% July 26% Dec 5% 5% 1,000 5% Aug 6 % Co 95 % 330 l'A 1% 2.100 4% 4% 100 3 55 % May 16 9% Dec 24% 5 % common. 127 17% 11 Va Corp Feb i % % 35% Aug Jun 14'A common Mur Oct Jan 8% 9'A ~2% "3% Dec 105 15,200 Jan 7 9 % common 12% Sep 11 % Nov July 12 Va 8 common- Machinery Transit 5% 4 "4 3% National Steel Car Ltd National 200 100 13 Va 4 Va 3% 8% 16% Feb a 3% Co 16% Oorp— preferred Jun 28% 50 8% 11 % Stores common— & New 1 _ 10% 700 1 Gas National Pressure Cooker Nelson 4% 1,600 32% 30% common 11% 16 % 1 • Key Co common Kldde — • Inc Kimberly-Clark -nmui.u,.,,.. pfd On Kawreer H-i 15 % 104 5 n Hess preferred Neptune Meter . Jun 4% common National Union Radio Kalaer-Frazer Oorp Jun 3% 13 93 1% 17% ■ Nov 30% 2% Aug N Nov 600 . Sep 37% 2C0 __ % Corp 13% Aug 3% Mar 4% 7 185 % 3,409 13 Va 8 Jan 3% Sulphur _ 105% 24 ■ 1% May 3% Lake iVll wrnjjinn. Dec May Dec % May 1% Company National fir 98 2% Apr 167% Mar 5% 14% —10 Muter Dec 103 __ ~2~io 102 371/2 32 103 National Mallinson Fabrics Glass 350 • Co Muskegon Piston Ring common Muskogee Co common National T««Tinet,r.e 100 1,000 July 5% • IlOO Tel 2% 182 86 35 % 5% 10 common Vernon-Woodborry Mills. Murray ! 182 -lOfl _ & 106'A 107% „ 1 * — « pfd America Mountain States Power Hachman * 1H Jan Co.— v cum pfd Jan 20 — • 100 Mfg Air Chute Italian 18 preferred Fireman Irving 103 % 107 77% • shares Investors Royalty Iowa Public Service 4.90 'r 10G % • 50 International Metal Industries A Registered 99% 100% Hydro-Electric— Preferred $3.50 series International 8 pfd__100 Insurance Co of North America International Cigar Machinery International cum Mountain k Ireland Indianapolis Pwt A Light 4% 4.40% 4.80% 10% Industrie*— rcta registered (Oanada) coupon Imperial Oil 9% 93 57'A 78% May % Sep Mar 96 Sep Dec 2% Jan 7% Jan 2,500 51 Jun 67 7% 8 900 6 Feb 11 % l'A 1% 200 1 Jun 1% 65 Apr 75 Jan Apr Apr Jan 27 H IT «/? rpTTTT' /ooo\ 28 THE (384) 0- nmnirnnPTAT & COMMERCIAL range for week of Prices Low Par N Y N Y Auction N Y Y _10 Rosario Shipbuilding — —- A 15% 79,300 21 VB 21% 26% 27 Rayon $3 pfd——— wuftn American Utility Securities North Central Texas Oil —.50 1 1 50 Co RR Penn 5% Northern Indiana Pub Serv pfd.lOO Apr Jan 16'/a Dec 106% Dec Jan 103% Dec 26 Nov 26% Nov St Lawrence 1st Corp Ltd United Samson Savoy Corp Inc Oil (D Inc A) Scovill Souliin Steel 12% 10% Nov 16 Va 1,500 16 Nov I,1,, 3,400 % Apr 1ft Sep 2,200 42 Va Dec 43% Dec Segal Lock & Hardware Sclby 2! 3 , 3% 3 Va 106'A 106 3% 5,200 10 8 Va Apr Feb 3 Va Dec 10 % July 15 Va Jan 3 Va Apr 1 Va 2 Vs 82 Jan July Feb 89 V« 106% 160 101% Jan 107 V* Dec 6% 2,900 5% Sep 11% Jan 6% 17'A 18 % 400 86 86 86 400 12 18 Va 800 13 Va May 19 Aug Co Ohio Brass Ohio Co class 4 % % Power Oklahoma 30« common Inc 22.5 32'/a Jun 100 1061,4 1.800 13 Va 150 44% 2"% 44 Sep Nov 13 Feb 112% Sep 27% July 37% Dec 11 Aug 14 sll 35 % —1 Apr 16% Mar Dec 17% Securities 1 17% 100 12% Jun 22% Jan 10% O'okiep Copper Co Ltd Amer shares Overseas Dec 36% 44% 36% —• B xl 112% 112% 44 Vj 112 % common Gas Oliver United Filters class Omar • 100 IS B preferred Natural 2.400 Co common 10% 700 6% Jun 12% Dec SVaVo 1st 23 red 1st preferred 5r,'o red 1st pfd series A Lighting $4.50 preferred Pacific Power & Light 5% pld Pacific Public Service 1st Co 32'% 100 28% 1.100 '28% 103 Selected • Industries (R Sentinel Radio 1 common • 8 a 53 55 $1 cumulative preferred 21 500 50 cum preferred Corp common Pennroad 1 Penn Gas & Elec class A Penn Power & Traffic pfd 29 10% 10% 11% (The) • Pepperell Mfg Co (Mass) Perfect Circle Corp Pharis Tire & Rubber Smith Nov Jan Southern Governor 50 6% Dec 15% Jan 4.48% conv 80 4.32% cum Jan 5 Vs Jan Jun 47 Jan 26% 27% Apr 29% Mar 7 Jan Jun 3% Nov 100% Jan 109 Vs Dec 4 Jun 125 3% 100 2% Dec 57% 1.300 50 Vs Pinchin Johnson Ltd Amer Apr Mar Sep 5% Mar 41 % Jan 4% Mar 4% Speed Queen Corp conv cl A Spencer 3,900 5% I 1,000 Pittsburgh ,& Pneumatic Polaris Lake Power 6% Scale & 15% 50 Erie 5714 ~2% 2 14% Stahl-Meyer Inc_ Standard Brewing Co 15% Jun 59% Apr Jun 10% Dec Standard Dec 3% Jan Standard Oil Feb 17% Dec 500 Dec 8% Jan Sep 24% Jan 4% 15 Standard Corp of Canada 1st preferred & Lambert Prentice-Hall Inc Pressed Metals Co Producers Corp of Nevada Prosperity Co class B Providence Gas Public Service of 414 c/c cumulative preferred 53 % Nov 69 % Feb Stein 14 Jun 25% Jan 3V2 Jun 4% Jan 25 13% (A) Co & Jan Dec Jun 6Va Sep Sterling 8% Jan Stetson (J B) 14% Apr Stlnnes 96 Oct 11 Jun 91% July $3 convertible preferred Raytheon Manufacturing common Reading Tube Corp class A Shoe Co Dec 1% Jan 1.200 4 9% 5' 2 4,900 900 1,300 Va May 2% Jun % Jun 2% Jun 6 Doc 3% Feb Nov 12 3% July 28 1,600 25 Jun 36% Jan 15 22u 13'A Dec 18 Jan 46% Jan 47 350 37 28 1 2 300 27 % 317 » 1,300 29% 29% 900 26% 27 700 Dec Apr 29% Feb Alar 32% Nov 26% Mar 30% Nov 23% Alay 27% Dec 6% Jan 28 ' (S) it Co common Jun 38 Jan Sun Ray Drug common 10% 700 7% Feb 10% Dec 12 800 8% Jun 12'A Dec Superior Portland Cement, Inc Superior Tool & Die Co lVb Jun l7/a Jan Swan 7 Jun 9 Nov 200 1% 1% 1% 5,700 9% 9% 9% 300 — — 26 8'A 500 4 July 1,000 26 Jun 39 Jun 13% Feb 17% Oct 2Va Mar 3% Oct 3% Jun 4% Jan % Jun 1 Aug 3% . 3% 3,200 4% 3% 4% 100 "% % 11% 10% 12! 21 19% 21 % 600 5.900 5 Jun 10 'A Dec 300 a 16 Jun 21 % Feb 2% Finch Oil Corp 16% Jun 19 8 Jun 10% Jan 800 28% Feb 37% Nov 35,600 1% Feb 4'A Dec 4'/a Nov 2,000 1 % Feb 4 162 % 890 112% Jan 160 7% 7%. 900 4 4 1% 155 x4% Alay 500 % 10 35 3% , 500 4% Mar 4 'A 9% % Va 1,800 57/a July 2% Jan Dec 7% Jan 4% Dec 2% 3 2,500 2 Jan 3 Va Oct 4% 5 5 1,900 2% Jan 4Tb Dec 450 67% Jan 19 % 88 150 12 900 9% May 8 200 5 Va 3 8 — Oct Jan 8 Dec 1,700 % Mar l'A Aug. 4,100 2% May 9% July 4% Jan 200 17% 1,300 %-Mar 14'A 15 2% ... 26% 15 Va 1 37a 'A •4T. Jun Jan Dec x90 4% 1 1 4 24 11'A - 89% 24 89% 3 Dec Dec 4 10% 13 Va 14% 5'/- 25c • 1 17% Dec 14% . 6 1,650 800 Feb 19'.4 Dec 10% Jan 13 7 a Nov Dec 5% Jan Apr 23'., 4 Va 21% 2% II 22'A 450 2% 2% 2,300 2% Jun 3 Jun 8 % ■ 8 "2 150 7% Jun 11 Mar 14 . Dec Jan 10'A 4% 33% 4%. 33! b 33% 8 1 * (Hugo) Corp Stop it Shop Inc Jan 104 104 100% 100% Dec 50 95% Jan 104% 32.5 94 Va Jan 101V2 Aug 500 11'A 21V2 Jan Technicolor 9 Alar 14'A Oct Texas Power & 10 5 Jun Nov Thew Shovel Co. Corporation • 16 % 16% 16% 8 101% 105 154% 159 159 14% 14!« 370 110 100 85% Jan 143% 112 Dec Apr 156 Sep 13% Aug 15 Oct 1/128 Inc 5 common Allied Amer • 22% Rlce-Stix Inc i, 300 15% % Jan X25 '/a 26 800 Jun 22'/a 1% 3% 7%, ~8% 35,600 4 Va 7% 4'A 400 Trunz Nov Jun 7% 5% 3: a 3% 1,800 3 May Rochester Gas & Elec 4% pfd F Roeser & Pendleton Inc common 2Va 1,000 % Mar 1% 2,225 28% 70c 400 25% Jan 2% 2% 700 2Vs Jan 2 2'A 7,200 99% 30 1% Jun 1% Apr 2% Nov 89 Jan 99% Dec 18% • Jun 28 Nov "9% Rotary Electric Steel Co 10 (The) 24% ~9% ~9% 300 8% May 6 % 3 6 % 4001 4 23% 24% 2,800 19% Nov 500 X6% Feb 5,100 5% Aug 6% Jun 1 9 8% 9 • Corp common Royalite Oil Co Ltd— 8% 8 8% Jan Temper Corp Realization 6% Dec 10 Ta 10% Jun 14 52 Jan 20 Oct Doc 83 v.. 100 42 'A 550 2 Vs x39 Jun 200 103%. 103% 6'A Jun Jun 1% Feb 175 U Feb Jan Jan 60 2% Mar 91 Va Jan 102 NOV Ti» 200 Is Jun 1 Nov 900 3'/a Apr 4% 2% 3 4,100 2 Va Feb 3'% 925 15 Vs Jun 20 18% Nov mil • 303% Oct Dec 17% 18! 20% 17% 2t % 50 24 Va Jan 9% 6,200 3% Jun 87a Dec 12% 700 87/a Jun 11% Dec 9 Vb 9 Va 12 12% 4 Unexcelled 10* Corp Chemical —8 Corp Dec Union Investment Milk 8% 200 5% 809 4% July Feb 6% Jan 5 5 200 3% 5% Jan 8 3% 9% Dec 1.700 Chemicals com United 8% Aug 3% Jun Aircraft Products 50e Light & Railways— 5% 10 Va 7 % Jan 14% Dec 7% 100 6% Jan 7% Dec 150 92% 100 warrants Elastic Corp 8% Jun 3.500 3 99% 100 $3.75 pfd series A Stock Yards of Omaha United 5% 1% 13% 3 1% 3% Apr Oct Union Oil Co of California— United • Dec 700 13% 7% 4 Co Feb 1 7/a 3 13% Gas of Canada 8% Sep 8% Oct 37 1.25 Jan 1.600 1,100 U Ulen United Petroleum 29 Nov 8% l'/a 2 __ United Co For footnotes see page Jan 15% 13% 76 Jan 13% Feb 33A * Inc Oct Consolidated 8% 8% July 11 3% • Dec Aeronautical 1 400 % 3 7% Ryan common 11% Dec Va warrants 10% Ryan common 17 Va 3% United £1 3 common Inc Sep 1 Union reg 13 Dec 25% xl7% July 19% Jun 99 % 100 400 Dec Feb % 41 Jan 29% Rolls Royce Ltd— Amer dep rets for ord 18 % 16 __ 5s —100 pfd Tung-Sol Lamp Works com 80c convertible preferred Union 1 33% 128 W 75 4% Mar l'A 27% 25% — Jan May Jan 4% Grande Valley Gas Co— Corp) v t c Jan 10% 120 Jan 2% July 26 10 1 4 'A % Dec 56 % 8 13 20 Corp Jan l'/a 27% Edison Lux True 26 8% 13% £1 — Tonopah Mining of Nevada Trl-Continental 26% Nov Jun 7,200 — • dep rets ord regis dep rets def regis Dec 16% 52% Mar 1 l U Jan 21% July 25% • Richmond Radiator 23% • 5 1/64 Nov Trans io 3 _ 48.800 400 17% Tobacco Security Trust Co Ltd— Toledo 1/64 15% 11% 1 Stocks 34 121 25c Construction & 17% 16 1 Realty 33% 121 __ 5 common. Markets -Inc. it 17% 100 pfd Roofing Inc Tobacco 34 * common Light 1% Shipyard Corp common Toklan Royalty Corp 1/128 • Tampa Electric Co common Jun f __1 Havnes 14 "2 28 %> 1 -• 10 % • (Robert). & Co Reliance Electric «fe Engineering— A* 32 Jan 31% 1 Co common 11 % 8.21 Rels Ryerson Feb 46 % 1 Inc 12 14% Packing Co common Raymond Concrete Pile common Ave Dec 3% Jun 2812 4 1 com 10% 100 .100 Rath Russeks Fifth 298 8% 33% • common 4j/8 Aadlo-Kelth-Orpheum option warrant*. Railway & Light Securities— Voting common io Railway & Utility Investment A l Rowe Ja n Nov 220% July 27% a 15 162 .• 5% Aug 105 ; Corp 7% 22'A 14% 277 4% Steel Co of Canada R Field Vb 3% 17% Nov Amer Cable 9 3% • Todd Rome % 3! 35 15 % 11% common. preferred Roosevelt 5,800 i H 3 3 17% Jun 1,100 Quebec Power Co 'Texas 650 15% 14% 15% 35'A 10% Tishman Rio 28)% Oct Nov 0% Mar 3.300 Tilo Regal 275 281 4% 22'% 1 Thorofare 6% 27 _1 Corp Thor Oats Apr 2,000 Colorado— Puget Sound Power & Light— $5 prior preferred Puget Sound Pulp & Timber com Pyle-National Co common Pyrene Manufacturing Quaker 2 9'A 6% 6% 1 (The) 3,600 • May 6 % Standard Tube class B 420 • ; Oct 1 7% 1 Nov Jan Starrett 800 35% Jan 4% Apr 1.100 35 20 Jun Corp 5% 35% Dec July Sep 3% 1 7 l 68 % 103 Va 15 100 Co 4% 2.50 America Jan 50 1,200 3% • Products 7% • common 53 19% Oct Dec 3% Sep 100 of 68 3% 19 % 2% Stroock Pratt 23% 16 % ~3% • common 22% Oct Jun Jun Jun ~2% Jan 3%, 14 Aug 10% Jan 1 % 100 57% 14 Jun 19% 1,400 14% 20 _ 5% 10 2 Vb 1,200 a 11 Vb 1 25* common 3,200 3 10 Corp (Ky) 2.50 common Alexander % 22! 800 900 20% 3% Oct 21% 1 common preferred Forgings preferred 56'% 3% Feb 400 2.71 1 10 Standard Power & Light com Common class B 11 Corp Sterling Aluminum Products Sterling Brewers Inc ISterling Engine Co 1 11% 16% • Standard Cap & Seal common Convertible preferred 20 I common Mining Co Powdrell 2 2 Pittsburgh Metallurgical Pleasant Valley Wine Co 18 ~2% 1 Pitney-Bowes Inc Shoe Corp Standard-Thomson 1 ; preferred Southern Pipe Line Southland Royalty Co % shares Pioneer Gold Mines Ltd—. Piper Aircraft Corp common preference Standard Dredging $1.60 convertible 403 19% 17 Jun 18% 28 25 23 23 23 1 8 5 • original preferred cum preferred 8% 5% Jan 8% 11% Nov 11,900 3% 1 13'A 16 10 4.56% conv preference 3% • common Ta Jun Edison— 4.88% Nov 18 100 Jun 105% Mar 12.50 Line Jan 32'A 19% Jan % 19% 1 common Pipe Jan $7 Pierce Pa California Jun 9% 11% Southwest Jan 100 • 4% 66!2 67% 1 Manufacturing common 17 1,950 J " Jun 200 10 rv 24% Jun Apr 5'% 1 (1 2 25% Corp May 6% 19 40% I Jan £1 Manufacturing Co Oil July 4 5'% 56 Oct 5 Paper Mills (Howard; Penn 26 43 Jun 37% 20 Philadelphia Co common. Phillips Packing Co Singer Manufacturing Co Singer Manufacturing Co Ltd— Amer dep rets ord regis South Jan 39 V. 50o 91 Jan 18% • 1 • 100 Corp common 3 2.50 common Oct May 3 Publications— Coast Aug 1 _ 88 % • ; South 1% • 2.50 2 6'A • class A Ltd Silex Co common Boss 41 250 109'% 109% 100 Co Penn "Water & Power Co Pep Boys 29 Dec Dec Jun 72'A May • Shoe Corp of America Dec 800 * common Light 4Va% Penn 29 V, 3 • Canada May 550 4% 47 3% 20% ..25 common 19 iy4 46 23 $1.32 94 23% 4 % 4% • common.. 3'/ 1 1 14% • Ltd Telephone 11% Feb Jun Jan 76 .100 Breweries 15 16 'A 21% preferred of 2 V4 Oct Nov 12 1 Ta 14,500 6 « Apr 17% Jun 1,200 „ 4% 10 10 1 Sherwin-Williams Sonotone 37% 11% 300 2 Jun % 8% common Sheller Mfg Co Nov 23% i 1,700 % ISolar 98'/8 1.500 5,700 1 Nov Jan 15,900 3% Aug Jan ■ __1 29 14% Dec 7 150 4 5% 1 150 27 Jan 14% — Solar Aircraft Co 103 6% 19! 2 Jun 1 4 .... Dec 101 24 10 15 24!;, Sep 105% 27 Jan % Nov Jun l la 28 % 200 87 29 Vb Nov 6% Corp Oct 20% July 200 2.3 % 33% 28'% 14.300 2% 3,700 3 % Jan 3 Jun 1% 85 29% 100% 2% 2% Jun Dec 1 14 Shawinigan Water & Power Blck's 1% i 24 Nov 325 2% 1% % Alar 2% 10% ' — Corp class B 4% 500 — Control Safety Sherwin-Williams 15 ■, 87 Nov 1.700 2% 2 1 3% 1 Corp Leather 2,100 5 Inc B) 28 -25 certificates Allotment Semler 3 common stock prior $5.50 Inc stock—. Convertible 26 %. 14 Apr 28% • 13,900 1 % 28% 104% • common — 2,400 2% 16 29% 104 28'% — 3 'A 1% 28% 32 % • Parkersburg Rig & Reel Patchogue Plymouth Mills_ Patican Jan Nov 28% 100 com Co Peninsular 8% 36% 4 (CA) v t c (CA) Amer sh Pantapec Oil Paramount Motors Pen GV* July 32% Aug 28% • preferred Page-Hersey Tubes Parker 300 1.700 25 ; Pacific $1.30 32 ' 8% 304 25 1st preferred 5c/o 35% 25 preferred 5% Pancoastal Oil 8% 23 l'/a July a • Co Shoe Simmons-Boardman 35% 5 1st pfd Jan 14 III $3 convertible preferred Paclfc Can Dec 11% A — Simplicity Pattern common Simpson's Ltd class B Pacific Gas & Elec 6% X26% Jun 2 28 Dec Jun 4% 3 1 Securities Corp General Seeman Bros Inc Bhattuck Denn Mining 1% 1 12 % 14'% — — 3% May 400 'A • common Sentry O V/a 1,300 7,800 7% 2% 3 3 -25 Jon 11% 25 ,4 — — j. — Manufacturing Seton Corp Co„ common Jan 12 7 .25c (Del) Fisher Brick & Schulte 9'A 46% 1 __ ' Sayre 7% 47 High - Serrick Ogden common 1.700 1 23 711 7! 2 __1 2,300 10 Low 11% 10 24 _49 15 VB 45 Range for Year 1919 High 11'A __1 common preferred conv Salt Dome Oil Co 10 Va 15 6 711 1 • Northrop Aircraft Inc,— Noyadel-Agene Corp 20 9% • Airlines Northeast Jun Jun Dec la Amer Nov 13% Feb 14 '/a 16'A Mines Shares 34 % 94% Mar 9.000 Low Par 10 7Va for Week of Prices Jan 92% 14'A Nineteen Hundred Corp common Feb 56,400 10 Niles-Bement-Pond North 15 Va 100 Niagara Share Corp common North 15% 100 Niagara Mohawk Power com 26% 8% 15 Mi 21 % --- - preferred Niriiceing 100 26% lst preferred- Class x!2 % xl2% —1 Niagara Hudson Power common— __1 2d 100 Corp— Founders shares / 30% 30% 30 »A _10 Merchandise N 5% Dec Sales Range Sale Price High Low Week's Last STOCKS— New York Curb Exchange Range for Year 1919 High common— Honduras & Friday Shares 7 Co EXCHANGE ended january 20 for Meek Range Last Sale Price Exchange Monday, January 23, 1950 Sales Week's Friday STOCKS— New York Curb CHRONICLE FINANCIAL CURB YORK NEW nrmA*TTnT r< t^TAT A BT/BT a t 75c 3% 50 common Corp Products participating 3% 3% 51% 35 preferred 500 Jan 100 Sep 53% May IV2 Jun 64 Nov 3% Jan 32 49% Dec % Jan 7 38% 35 38 38% 5(1 24,350 • • 18% 18% 80 May Va Jun 25 Va Jun 34 21 Feb 39'A Dec 7% May 15% Jun 10% Jan 21 Mar 22,400 ... common 1,800 Oct United Molasses Co Ltd— Amer United 3% dep rets ord regis NJ RR & Canal 10* 236 23.3 40 237 Dec 4% Feb Oct 246% Feb Volume 171 Number 4875 THE COMMERCIAL NEW YORK RANGE Friday Week's Last Range of Prices Profit Sharing 25c com preferred United Shoe U S 48% 40% 40 % 40% 12% 12% 12% 1% 2,800 17i% 5,300 Conditioning Corp 10c 1% l 17% International Securities-.: preferred with warrants Radiator common. U * 1st S S Rubber Utah I Power & Light 4 Power 4% Jan 52% Jan 41% Aug A7s with 14 A7s ex NOV 3,700 2 % ADebenture Isarco Dec 500 3% 1% 42 % % 42% Jun Dec Midland Dec 3 % Jun New 2% • 24% 150 35% Feb 125 23% Dec 50% July 27% Oct 450 21 % Jun 29 23 % 2 Feb 3% Oct 2,900 21 Jan y24% Power Sep $4 common convertible preferred— Vanadium-Alloys Venezuelan Steel Co 28 4 __ 4% 20c Manuafcturing * — 1,800 08 3% • Inc 5% 68 1 Syndicate A 5)4 4 Jun 6% ' ► A-O Jan 20 61% Sep 71 28% 200 25V2 Jun 2.200 3% Jun 5% Jan 3% 100 1% May 10% Aug 3% 1988 mtge 314JS 1st mtge 3s M-N A-0 A-O .1964 6%s Oct Oct • Elec Service 1947 & Wagner Baking voting trust ctfs ext.* T/o preferred ; ioo Waitt $2 & Bond Inc Gas cum Waltharn preferred Watch 8% Apr 13% Utilities & 1,000 108% 6% 50-year debs 1% 1% 800 . 11% 11)4 550 6% Jun 1% 1 1% 3,100 % 5%s series 5% 6 % 7,650 2% 1 — 1,25 113% 100 8% 113 200 113V4 1st Counties 105% 108 103 106% $93% 99 93 99 % $105% 106 105% 107 $106 105'% 107 107% 26 161 % 162 161%. A-O $104 -- 14 58 148 % 105% M-N Gas 161% 101% 105'/a 100% M-3 $109 % 109% ■ M-S — 101% 105 $103 FA 46 104%. lUG'/a 106% 104 2 105 103% —— 104% 104 % __ 114 103% 105 106% $103 . A-O 109% 104% 105 % J-J 106% (Calif)- 3s—;————_ mtge $102% —1971 J-J $101% 104 -1970 Jan F-A $106% 107% 90% 92 $ .J,- Oct Spalding (AG) 1% Apr AStarrett 8)8 Sep 112 Jan 115% 167 collateral 5s Feb Jun Dec Westmoreland Coal 21% Jun 20 Westmoreland Inc 30% 29% 30% 925 10 27% Jun 36 Stinnes 21 21% 550 20% Mar 22 3rd 18 100 14 18% Dec A-O 1966 „ M-N 1950 1-0 92 $130 __ 104% . "7 76 V* 138 $80 102 107 95% 123 63 58 -- 130 82 18 y4 84 % $52 — 99% 64 % Corp— stamped -1946 J-J Jun 16 1989 trust— (Hugoi A7-4s Jan 21 5s Corp inc 5s ' ' . 107% 107% $105 % 106 J-J 1952 -1970 Southern % July 5% Dec 138 70 -- .' 106% Electric— 1 ®/8 July 6% May — •' com 8% — $0 Stationery 2% Feb 1 1 65 105 % 104% $61 _1973 Mar 11% . 57 103% $30 A Jan 111 Dec 10% 63 105 % 1960 -1998 Queens Borough Gas & Apr 9% July Sep 11 May 103% Nov 1% 7% 10 1 wi. preferred • Western Maryland Ry 7% 1st pfd—100 Tablet 9 iy» Aug 6 vtc Manufacturing Western 8% 100 30 Co Baking Co warrants Warner Aircraft Corp Went worth Texas 1% 109% 10914 __ Ward West 1% 57 100 Co— 1973 i 103 .1960 coupon., coupon .1965 1% 103 J-J -1952 Co 58 21 Co— 1940 1 1 W Aircraft 32 J-D -1981 Waco 91 $105% 106% J-J Water & Power 3Vis. .1964 Hydro-Electric ex 105 Oct — 50% $61% Af-S 1981 .1970 Public 34% Mar 4% — High 62 27% 49 % $ 102 1967 — 3 % s A6%s with 5% 5 Petroleum Venezuela Vogt 1 F-A 1963 50% 1971 1st Pennsylvania Piedmont Corp Low 89% *30 J-J 1958 to Gas Light 4%s England Power 314s Ohio V Valspar 4% at 1st mtge 3s Park Lexington Nov 4,300 25 1'enr !!>!?> Jan 42 % 3 V4 Range for Sold No. 163 1963 Milwaukee Jan 28% % Bonds High Valley RR— Extended % 29 3 Friday's 88% —1952 Superpower Hs_ 1% 6 • 88%' 1952 coupon 1947 coupon Altalian 91 Aug J- J McCord Corp deb 4%s 27% 5 1 1940 1 Jan 28% 29 Nov Dec Jun 400 1 or Bid & Asked Hydro-Electric Co— 1% jun 1 1% — ctfs escrow 4% 5 73 Week's Range Last Sale Price Co— 16% . Feb 4% w 10 common Interstate 7% 275 _ 10 ; Apr 86 4% 10 common 1% 84% 50c Universal Jun ' 1 United Stores Corp com Universal Consolidated Oil Insurance Universal Products Co Utah-Idaho Sugar 4% * Reclaiming Co 1% 16 Period Low 6% Jun % July 12% Mar 300 3,025 Interest Exchange High 42% May 37% Jan 140 1 common New York Curb 4% Aug 47% and $5 % . __25 : __ Specialities Air Low 48 Vb U S Foil Co class B U ■>(> B O N D S High -.25 common 2<) EXCHANGE WEEK ENDED JANUARY Range for Year J DID 10 Machinery Preferred United Low (385) Friday Shares 10',; U S CURB CHRONICLE for Week Sale Price Par United FINANCIAL Sales STOCKS— New York Curb Exchange „ FOR & Weyenberg Shoe Mfg Whitman (Win) Wichita River Wickes Williams Willson & Co (R C) preferred Winnipeg Elec Wisconsin Woodall w • w 400 6% G% 50 3%. 7 Jun 9 8 Industries— stamped Hvdro-Elcctric United Electric A7s with Apr 11 2nd 3% 2,000 Oct 150 12% 23 % 5 Nov 600 Feb A7s Dec Dec ex Service 1 20 93 5s A5s Jan Jun income Washington 1940 1 debs. Western 100 8% Jun 15 Dec 100 10 V8 Aug 14 Dec 18 64 63 63% 2 30 62 63 1 28% 57% 96 10 % $30 63 $30 M-S 1964 J-D 1960 J-D 120 1959 3%s F-AL 101 % 101 Vh 96 96 82% $107% 107% 97 106% 108 1 118% 120% 1 100)4 104% 120 Newspaper Union— Jan 3'% 1 1954 Water Power Dec 105 % 15 11% 52% 1956 West Perm Traction 5s 11% 52% 1956 coupon coupon. Hotel— Apr 15 A-O Co—• 1947 Waldorf-Astoria 15% Mar 33 1946 . Co— A6%s with Aug 1 1940 coupon—1953 A6%s ex Aug 1 1947 coupon 1953 Jan Feb 8% July 2% Apr 13% 105% 106% 11% — — £l __ 4! 4 6s conv s f debentures. Nov ~ * ■■ Terni Sep 5% (Hugoi A7-4s Dec 30% 14 Ltd— E=z..===r:-. 3% 19% 13'4 2 6 "!o preference Wright Hargreaves Ltd May 31) — 30 % »,8 deposits receipts— 2 15% July 100 — 100 common—, (F W) American 7% 3% 25 pfd 18% 7% Dec 35 Jun Stinnes ■ _• Inc Petroleum Woohvorth 2.400 18% — 1 common. 3 ' 6% 1 - Pwr & Lt 4Vz% Industries Woodley ' 7% . 5 common 2% ___ 10 , & Co__ Brothers — 1 Products Inc Wilson 5 % 1 Oil Corp.. Corp (The) __ 2 1% 2 ' 2,400 1ft Jan ■ Apr eirn Friday BONDS New York Curb Interest Exchange Period Week's Range of Friday's Last - Bonds Bid & Asked Sale Price Sold Low 1970 .— Bell Telephone '. 5s series of Edison Central States Ra.nge-f.er-, Y'ear 1949 No. L010 31 105'2 1 105% 23.is.__ I960 J-D $106% 107 1998 6s Q-F $163% 180 106 debentures 104% 1041-8 104% 16 100% 104% .—1954 77 89% 105 M-S 109 103% 10414 108 109 . 71 92% 110 J -J 24 88% 94 .External 5lis... ' Service Debenture Co— 3s. Gas —1977 Lt & mtge 2%s Consolidated Gas Gen mtge 93% 99% 99% 100'6 294 99% 87 1 .1976 J-J 103 .1981 A-O M-N . T,..— per U.__. ser -1976 .1981 103 99% A-O A-O N J 10814 106 106)4 111 112% .1993 E'rcole MarelH Elec 1 AtJ %s ex Nov 19-17 5s 1 May .1965 J-J 158 47 1940 .1956 M-S .1953 coupon A 6 V2 s A 7s Power M-S 1 100 . _ (Aug .1955 coupon) (July 1941 on coupon) the ... . . 78% .1957 $ F- A 118)4 Peru (issue 2%s stamped of Oct 44 $79 52% 99% 102% ' 104 40 46 32% 84 84" 73% 31V4 3 32% 87 % 84% 25 31% 85 88 22 37 87% 83% .1952 86% 86 84 14 32 84 daily closing averages of representative stocks and bonds Exchange as compiled by Dow, Jones & Co. Stocks 46% 85 70)4 t O 79 70 -r 20 13 Indus- Rail- Utll- trials roads J-J 8' M-S 15% Interest Russian Total 65 10 Indus¬ First Second Grade Grade 40 ities Stocks 196.81 54.01 40.90 *71.34 103.10 107.68 91.71 106.24 102.18 19G.92 53.78 40.86. 71.28 103.10 107.60 91.45 106.28 M-.V $31 33 24. % 33 % $46::.'49 37)o 46)2 .—1947 1927) M-N .1947 .... A-O $ ! 1931 J-D $37 1972 J-D $30% 71V 16 197.17 54.41 40.79 71.51 103.05 Jan. 17 198.78 54.73 41.15 72.06 103.06 107.22 Jan. 13 199.50 54.70 41.33 72.26 103.03 107.26 107.44 Rails 91.06 106.21 91.02 106.17 91.75 Jan. 19 199.80 54.96 41.77 72.55 103.14 107.20 20 200.13 55.26 41.74', 72.70 103.20 107.24 92.16 106.18 91.89 Jan. 49)4 34 01 % ... 80 32% 90 2003 J -J 1997 J-J 2012 J-D 191.9 ; 41ri4 34 — M-S 2'., 2 % J-J 2% .2% 31% 31 % 1 26% 19% 2U% 217 15% 19% 21 31 2 24% 31V4 — 20% slumped (Plan A) reduced to Government 2%.__ 6% 3 5)2 s •No e par value, Odd-lot (not 'Friday's Bonds Deferred delivery transaction (hot Under-the-rule n included A a transaction in included bid and in year's 95 2 3V« 2 (not Included in year's range). range), f Ex-distribution, transaction year's range), 3% x (not. included in year's Ex-dividend, y Ex-rights, z range 1. . d Ex-lnterest. g Ex-stock div. r Transaction for hExcash Ex-liquidating dividend. asked prices; no sales being transacted during current week. being traded flat. (Reported in receivership. Abbreviations used above—"cod," certificates of deposit; "cons," consolidated; Iks-Co^nler Industrial Slock Compiled by National Quotation Bureau, Inc. Date— Closing Range for 1950 Jen. 14 35.74 High Jan. 1G 35.70 Low Jan. 17— Jan. 18. 101.94 101.87 102.06 106.19 ' 102.11 106.16 102.19 "cum," cumula¬ tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificate; "wi," when Issued; "w w," with warrants; "x w," without warrants. 102.11 Jan. 15)4 J-D Bonds lties 13 Rails 12% 13)4 26 Total 14- 6% 16 (35 Stocks) 10 Util¬ Jan. trials 83% ",'82 1951 10 Jan. figure. __ -Bonds10 30 ^-Corrected 7174 37)4 84 85 F-A 7174 43 81 ' . High 2008 : — (ser A BCD E)_ Rio de Janeiro principal, 58 -- Low 65 102% 40% 81 76 % 8614 J-J Year 1949 No. — 1921 (Republic of) Is to 2% s 54 the New York Stock Date— 7s Parana stamped (Plan A) Interest reduced to 2%s A 83% .1952 Below are listed J-D .1957 A 7s series F: A 7s ' .., 4 8 — 50 $42 l .1955 coup).. .... 1941 l 56 100 $45 _ — series E A73 116 Sec— 1941 103% 33 $103% 105 — Range for Sold High stamped (Plan A) Mortgage Bank of Chile 6s Mortgage Bank of Denmark 5s a 5r')'2 J-J J-D .1958 C (Dec A7s $70% $46% M-N stamped.1958 Mortgage Bank of Bogota— A7s (issue of May 1927) $30 .1901 (coupon on)__ series A6%s 2 4814 96% Go 6%s 470% ... Eank— ... Ex-coupon market International 63% 32% 14 118% 118% t6l Grand Trunk Western Ry 4s .1950 Green Mountain Power 3%s_—. .1963 & Western RR— A 4 ' Guantanamo ser 49 .47 103';, 10312 coupon. .1953 Residential- Mtge stamped— 6s 59 46% 103% Mi'g Co— A6%s with Nov Finland M-N .1993 ... Bonds Bid A Asked J-J —1952 A Division— - (Peru) Interest reduced to ' >110% 6%s stamped City AMedellin 106)4 111% — 1st mtge 4s ser A—; ' A 1st. mtge 4s ser B—— Eastern Gas- & Fuel 3Vas Ehniva Water Lt & RR 5s ALima Maranhao 105% 105% 106% 106% AExternal 105% 96% Delaware Lack & Western RR— of Week's Range or Friday's J-D 1953 ._ 99% 102% 10014 106% 1108% 109% "10 7 % 306% J-J .1954 (Bait City) 4%s Lackawanna riday 1 Last Sale Price A-O —1955 External 5s__—Danzig Port & Waterways— 100 86% (Balt)- .1062 ref mtge. 2%s 1st J-3 99% Pwr 2%s conv debs ref 92% —— El lst ref mtge 2%s ser Q 1st ref 2%s series R 1st 93% ,, — Registered . Consul Period Mortgage Bank (Col) — A20-year 7s. ——April 1946 A20-year Is Jan 1947 Bogota (see Mortgage Bank of) ACauca Valley 7s— 1948 Danish .Cons Municipal Loan— 104% J-D J-J Chicago Transit Authority— •Cities Exchange Agricultural 165 1948 Corp debentures 5 lis New York Curb 108% 160% . 1970 Electric Interest 106% —1978 5s B O N D S 109 105% 105)2 J-J F High 108% 108>2 2 Low .— Steel Boston 1964 108' Canada- C- Bethlehem J-D High — 36.31 Jan. 12 35.13 Jan — 4 35.90 36.01 Jan. 19 35.92 Jan. 20 36.03 Range for 1949 High Low ___ 35.20 Dec. 31 27.79 Jun. 15 s 30 COMMERCIAL THE (386) & Daily, Weekly and Yearly Daily, Weekly and Yearly Railroad United States Total Government Int'l and Miscel. Number of Week Ended Jan. 20,195<0 Bond Bank Foreign Saturday 1,164,090 $1,849,000 $144,000 $1,993 000 Monday 1,462,950 3,404,000 295,000 3,699,000 Tuesday Wednesday 1,787,570 3,780,000 422,000 4 202.000 5.485.COO $5,000 481,000 4,999,000 1,565.740 Stocks (Number Sales Bonds Bonds Bonds Bonds Shares Monday, January 23, 1950 Transactions at the New York Curb Exchange Transactions at the New York Stock Exchange Stocks CHRONICLE FINANCIAL Thursday 1,174,240 3,453,300 420,000 2,000 3 875,300 Friday 1,438,630 3,726,500 716,000 21,000 4,463,500 Bonds (Par Value) of Week Ended Jan. 20, 1950 Foreign Domestic Shares) 8,613.220 Saturday 176,580 251,370 ' $43,000 Monday 213,000 304.770 Tuesday $6,000 $3,000 $52,000 9.000 54,600 276 000 133,000 74,000 Wednesday 338,505 109.000 260,595 159,000 87,000 137,000 $794,000 Total Stocks—No. of shares 1950 1919 33,000 141,000 1,831,800 7,304,800 4.583,400 17,190,600 80,086,400 44,166,600 $19,143,400 $87,429,200 $48,953,000 21,211,800 Industrial™—, & $23,717,800 Total 8,000 219,000 $321,000 $91,000 $1,206,000 OTHER STOCK RANGE Jan. 1 to Jan. 20 1949 1950 1.097,071 6,070,466 3,300,176 $794,000 $853,000 $2,377,000 $2,272,000 321.000 394,000 781,000 860,000 91,000 47,000 113,000 108,000 $1,206,000 $1,294,000 $3,271,008 $3,240,000 Domestic Foreign governmentForeign corporate Total EXCHANGES WEEK ENDED JANUARY 20 FOR Friday Week's Miles Last Range for Week STOCKS— Boston Stock Friday Last STOCKS- Par Chemical American Agricultural American Sugar Refining American Tel • 100 lei. American 100 Copper pfd Bigdlow-Sanford Carpet 6% & Albany RR Boston 100 Boston Edison 25 Boston Pavtori Low 43% 40% 3,963 155 46% Jun Sep 45 32 % Mar 138 Dec 7% 5% class V/o class 1st A 223 22% Jun 38% Feb 30% 332 25% Jun 35 Jan Jan 115 5 110 Mar 120 10874 111 618 100 Apr 120 Jan 40 July 47 Dec 12 Aug 19% Jan 577 39 39% 80c 100 100 80 c 5% 5 50c 21 Street Mass 1st preferred Jun 42% Dec 72% 69% 72% 189 5034 Julv 7274 Nov 3574 35% 35% 36 3074 Feb 36 % Nov Jan 63 Pure * 127a 50 10 Jun 13% 33 19 30 74 Oct 32% Dec 27% 27% 25 24 % J un 81% Jan 17% 155 13% Nov 28% 87 25 74 14% 76 Dec Co Standard Oil (N Standard Oil (Ohio) Timken 13% 16% 16% 16% 342 12% 12% 12% 50 22% 22% 10 67 67% 78 60% Jun 74 % Oct 25% 35% 26% 3574 110 2074 Jun 27 3 Oct 33 Nov 43% Mar 27% 28% 253 20% Jun 26 % Dec 31 31 2074 May 32% Dec * _.l — 13% 5 — Brands 27% 17 27% 15 Oil Vacuum 17% • - Corp Southern __ ♦ Oil Radio 5% 3% July 12% 32% __ __ — , 17% Jun 327/b Oct 74 Jun 14 Jan 1474 Jun 1774 Oct 10% Oct 1174 Nov 17% Apr 22 % Nov 9 5 5 15 Jun 6 Jan 20 135 143/8 July 21 Dec 68 71 330 59 80 Feb 72% 75 % 512 40 12% 64 15 57 Jun 68% 73% 75 35 68 % 40'4 40% 65 25 * Bearing 26 — 10 8 Dec 63 % __ 10 Dec 123/8 38% July 8 7s Jun 70% 12% Roller —25 J) 71 3% Nov U Steel S • (new 1 Westinghouse Elec : __ - 10 Ry— series A 6% preferred 5% preferred adjustment class Lines 353 4 34 % Jan 100 Service 24% Mar 51 50 Jan Jan 43 Nov 20 —100 Copper Range Co 65 i 1% 29% July 150 * providence RR SS 143/b * & Eastern 14% 100 stamped pfd Boston 6% 14'4 100 stamped pfd 1st Personal Prop Trust Eastern 2,038 Dec 36 42% * Standard ^ Boston Cities 46% Dec 35% Pennsylvania RR 45% High 30% 42% * Ohio Oil 115 Low 2674 Mar 36 Central 29% 46 Range for Year 1949 117 30% i_—_■* Register 29% 10 C York New 30 % 42% - Ohio Edison Railroad— prior preferred preferred stamped 6 l/t> Cash __ Shares High —* Motors Socony —100 Maine & 7 5~ Stores General National Low —10 Dep't Electric 28% 110% Light_l_ of Prices Jan 150% Elevated Railway— Stamped Boston & General High 34% Mar -35 146% 14874 a Range for Year 1949 High 437« Power Federated Shares 40% 148 7 * 50 100 Woolen Anaconda . Par for Week of Prices Low Sale Price Sales Range Sale Price & Exchange Week's 1949 1,594,615 Bonds $62,000 $10,000 111,000 $5,000 $28,000 2,478.000 U. S. Government Foreign 74,000 1950 13,250,999 Stocks—No. of share6_ International Bank 182,000 251.000 Weelc Ended Jan. 20 Bonds Railroad 1.594,615 1949 31,266,250 4,095,107 8,613,220 - 226 000 2,000 5,000 ' Jan.'! to Jan. 20 Week Ended Jan. 20 !950 19.000 71.000 Thursday $23,717,800 $28,000 $2,478,000 $21,211,800 Total ' 262,795 Total Foreign Corporate Government 100 E 744 100 Inc 22 »/4 255 19% Oct 23 May 36% 255 29 Jun 40 Dec 677 a 174 53 7/a Jan 69% Dec 21 % 36 • Dec 36 % • First National Stores Jan 88% -Oct 417a 66 7 i; * Employers Group Assoc Dec Aug 66 Ta Watling, Lerchen & Co. Membera General Sillette • Kennecott Co Copper New 42% Dec Jun. 37% Dec- New York Stock 52% 54% 305 40 Jun 56% Jan Detroit 15 15% 560 16 Jan 14% Dec 58 Feb • 50 72 75 76 48% 160 34% July 47% 54 160 46 59 18 397 29c 20 11% 10% 2.50 50 Rcxall Drug Co 18% Jun 8,000 13c Jan 25c 2,192 8 Jan 11% I 17% 353 79 Apr 96% Jan Dec 177a 45c 55c 5,360 21c Nov 45c 16% 17% 1,238 13% Nov 17% 300 4% Aug 548 13 % Jun 6% 15% 16 6% 21% 21% 280 12% Feb 21% 35 34% 35 % 420 29% Jun 37 5 24 23 24 450 22% Dec 35% Jan 57 55% 57% 3,180 44% Jun 55 a 4 Dec 477 a 487 a 425 42% May 52% Jan 40% 40% 170 38 % May 41 % Dec 40% 41% 85 31% Aug 43% Jan 14 14 50 12% 14% Sep • ; „ Friday Jan • Inc. Detroit Stock Exchange Jan Dec 6 15% • Webster DETROIT Dec % 95 2.50 Torrington Co Ford Building Dec .—* Shawmut Association STOCKS— Dec i Twist Drill—. United Fruit Co United Shoe 6r/o U S Machinery 25 25 common preferred Rubber Co— 40% io Electric System Inc Westinghouse • Electric Corp 12.50 317-8 3C% 31% Jun 20% May 1,472 33 % Dec 2% 5% 2 14% 147k 480 10% 10% 14% 14 7 Baldwin Rubber 1 = Burroughs Adding Machine * Davidson Bros 1 Cleveland Navigation common— STOCKS— Sale Price Par Exchange Range of Prices Low Shares Gasket Gray Friars Ale Low High High Gar Wood — Stove Brewing common Brewing Range for Year 1949 8% 22% 8% 22 Feb, Jun 374 Aug 6% May 14% Dec 7% Mar 10 Dec t! 1,580 13% Nov 16 Jan 6% 100 5% Jun 135 7% Sep 874 Nov 8% 2,640 4% Jun 22% 9,354 20% Jan 23% Sep ; Industries 1 9% 9% 100 7% Mar 93;, Jan 1 2 2 100 174 Jan 2% Jan 1 Mfg— — Frankenmuth 5 Feb 7% 7% 100 4% Jun 9% Jan 5 & Irpn Federal Mogul for Week 67 » 20 Edison Detroit-Michigan Sales Week's 14% •• 6% 7% 908 American Metal Prod 2% 400 5% 14% High LOW 2% Detroit Last Range for Year 1919 Shares High 1 Detroit Friday LOW 1 common Detroit Cincinnati Stock Sales for Week Range of Prices Adtes Brewing—— Allen Detroit & Waldorf Week's Last Sale Price Dec Par Union 1> Chicago Stock Exchange Jan 11% 93 100 Pennsylvania RR Stock Exchange Telephone: WOodward 2-5525 Jun 29c 5 England Tel & Tel North Butte Mining-— New York Curb Exchange Exchange Sep 17% - Dec 54 S. Dec 47% 75 _1 Cos— New & Jun 23% * Linotype Service England Electric System Stone 33% 493. * Corp Nash-Kelvinator National 1,727 35% 100 chemical Mergenthaier 42% 33% 100 common— preferred b'/o 41% 35 % * Maine Central RR Mathieson 42 % * Electric Safety Razor 18% 18% 100 15% Jun 1874 Nov _1 2% 2% 500 2 200 5c 1 20 2074 2074 10 18 Nov 25% Feb Gemmer Manufacturing class B Baldwin 8 15 % 16% 410 12 Mar 15% Jan General Motors Brewing Champion Paper Churngold Corp * * * 16% 16 % 100 12 Jan 16% Dec 337'b 343/8 300 18% Jun 3074 40c 1 40c Oct Dec 3% Jun 13 5% 13 100 774 Aug 70 73 1,929 52% Jun 5% 5% 536 3% 95c 674 Apr Mar Feb 12 Dec 7274 Nov Dec American Laundry Mach Burger 34 % 7% 7 % 100 30% 30 34 156 5 8 July Apr Gerity-Michigan Goebel Brewing Hoskins 1 __10 727 b 1 4% . Manufacturing common 4 V'b 4% 200 3 Jun 5% Jan 1 Corp — 10% 10% 550 5% Jan 1074 Dec Cincinnati & Coca Cola common_8% Street Bell Sub Cine Electric 25 A— 5% 53/8 50 Tel 74% 73% * 108 26% Apr . 32% Sep 10% 2% 12% 12% * 13% 13% 1 Car % 1,274 Oct 7% Jan Howell Electric 74'% 1,063 63 Jun 76% Jan Hudson 5 108 3% 15 113 Aug 125 Sep 15 12 Nov 16 Jan 18% 19 % 98 15% Jun 19% Mar 45 45 30 23 Jan Dec 55 55 20 44 Jan Oct Murray 12% 12% 90 11 July 13% 59 \ '4 60 36 43% Jan 6074 Dec 15% 15 % 10 15 Dec 12% 12% 64 80 10 18% Kaiser-Frazer Gibson Kahn * —* Art common * — Kroger — Lunkenheimer __ 12% 48% 55 • 21 Mar —1 ; Kinsel Drug Screw Masco Insulation Procter & Gamble * 83% Rapid * 13% U S Printing Preferred — Western Bank — 50 18 — 1,586 13% 120 37 47% 47% 6 8% 47% 83% 13% 37 • common Unlisted Electric 8% 100 50 7% Aug 57 % Feb 17% 8674 Jan 9:!4 Mar Dec Mar 6 14% Oct Rickel Jan 50 Nov Rudy 7% Mar 8 Jan 4074 1% 1% 1 10 15% 16 3% • com Pfeiffer Brewing Nov 12% 1% 1% 4 % 38 1 35% % 2% 1,252 Oct 8% Jan 1% 400 Feb 134 1 % 1.900 Apr 1% Feb 2 95c 1.400 600 Sep . 10% Jun 2% Dec Dec Dec Mar 1574 Dec 3% 100 4% 1,025 3 Va Jun 1,574 24% Jan 38% Dec 100 1% Jun 3% Jan 102 1874 Jan 36 74 Dec 38 2% 2% 37% 39% 374 July 4 % Jan Dec 40 Jun 1% 5% 1% • Peninsular Metal Products July 9% 28 4% 1 common Welding Packard Motor Car (H W) * & Co 2 Scotten-Dillon Manufacturing Co 274 3 2,025 2% July 4 2% 2% 2% 1,725 1% Jun 2 10 — 2% 1 Manufacturing Standard • 34% 1 Airlines Armco Steel 148% __io Chesapeake & Ohio—— Cities 459 13% 12% 127i 1,045 10% Jun 13 9% 1 9% 100 874 274 2% 200 2 Aug Feb Dec 12% Nov 12 Nov Stocks— Stores American 1.090 15 1 1 1 Corporation National Soss Allied 3% 14% 1 Products Paxke, Davis common Magnavox 3% 15 Jan 14 Jun Nov Jan * 16% * — ,-12% McClanahan Oil —* - 16% 1 Crystal Tissue Eagle Picher Formica Motor 4 Jun 974 142 Motors 3 400 Houdaille-Hershey common Cincinnati Gas & Service 25 16 — City Products * l For footnotes see page 38. 34% 30 2674 Feb 34% Dec 146 7'« 148% 305 7 J/4 Jan 10% Jun 19% Jun 29% Superior Tube class & Tool Timken-Detroit B Die Axle — 25 27% 29 647 29% 30% 225 233/4 Nov 3474 Jan 723/a 75% 185 3774 Feb 70% Dec 33 33% 63 2534 Jun 33% Dec 12% 12% 1,111 934 Jun 13 Dec Warner 8% 8'/a 25 674 Dec 10 Apr Wayne Screw Products 73% 12% Dec common common 30% ;• — Columbia Gar Curtiss-Wright 34% Walker 2% 1 2% 2% 2% 1.300 5 15% 15% 1574 153 1,920 i Udylite Corp United States 1 Radiator preferred & Company Aircraft common common common. 11% 11% 50 33% 33% 15% 15% 92c 92c 1 1 1 1% 1% 1% 75- 400 Sep •8 3% Oct % 2% Jan Jun 2% 14 1874 Jan Jun 1074 Jun Dec 32% May 37 Mar 15 Aug 13 July 300 72c July 1 % Apr 1,800 93c Sep 174 Jan Volume 171 Number 4875 THE COMMERCIAL & FINANCIAL OTHER STOCK RANGE Los Friday Week's Last Par • : Juneau Gold Aliis-nhnlmprs American Airlines American Power Amer Mining Mfg On & Radiator St Smelting & Refining Tel Co Tel & Anaconda Mining Armco Copper Steel Armour Corp ♦ (Un) a55% Bros Corp Barnsdall Oil Basin (111) Home Benguet (Un) — Blue OH 149 Canadian 9 Vb 2,800 560 82% Jun 97 33% Feb 39% Jan Rice Jun 7% Jan Richfield 109 109 109 37% 37% 37% 155 6'/« 6% 600 __ . 12% 4%. Gas -25 Chollar Dec 10% Apr a44% 5 Jun 18% 8 Jun 4% Oct 10 48% Nov 46% Feb 8% 3,145 6 Va July 13% 14 Vb 2,273 57% 7Va Jun 13 Va Dec 23% 85 Sep 24 Apr 10% Jun 15% Dec 170 30 Va Jun 42'A Oct (Un) -10 64% a 73% 1 Iron Corp System Gould & Consolidated Edison of Consolidated Engineering Corp Sav N "II Consolidated Liquidating Corp.— Vultee Continental Motors Continental Oil Creameries Crown Aircraft Feb Standard 987 44%' Jun .67% Dec Standard 75% 168 38% 65% Dec Standard Oil Co 5% Jan Standard Feb 3Va Apr 12% Jun 19 Jan 12'/2 175 10 Jun 17% Dec a20 a20% 100 13% Jun 17% Apr a30 56 95c 1.C00 28'A a28% 165 22% 24 Corp Co 25% 29% Jan 95c Sep July 1.80 21% Mar 28% Zellerbach 4% 4% Dec Apr Jan 28 4 Va 108 10% 10% 425 6% 100 1 6% 5 (Un) Inc_ Corporation a56 a57% , 1 —— Nov 17% May Jun 12% Dec (Un)__5 a30% Curtis Publishing Company (Un) _• Curtiss-Wright Corp common (Un)—• 7% Class A Douglas Bond Electrical Exeter 7% ^ Jan 13% Nov Jun 29% Dec 360 5 7% Jan Feb Share & Products Co 8 Oct 9% Feb 71% 74'A 190 18 al8 28 a Stores Ltd Garrett Corporation General Electric Motors Corp Gladding McBean Goodrich (B & _ Dec 21% Jan 19% 325 11 Feb 18% Dec 13 100 12% July 13% A 40c 40c 5.200 1% 2,400 50 300 Jun 310 Jan 9% 9% 42c 305 9% 1,140 7 Aug 11 Oct 31c 16 % 16 16 % 710 10 42% 42% 610 34% a 48% a48% a48% 71 5 Co — 25 r* 50 ■ 16% 16% 42% Dec Dec 41% Mar 45% Sep 52% Jun 72% Nov 11% Jan 17 Nov 20 Va-July 25 Feb 65 Va 69 Nov 23 23 100 a74 70 * a74 Jan 508 . a73 % 23 » Jan 2,375 73 16% ' ' Company Oct ■ Goodyear Tire & Rubber Co common..' Graham-Paige Great Corp Motors Northern Ry Greyhound Corp (Un)_ 46 46% 74 2'/8 2% 100 a43 a43 10 11% 11% 105 all2%all2% 30 1 • pfd Co __ (Un)— — Hilton Hotels Holly Development Hudson 3 — Hunt * Corp Car Motor 34%-Jun 45 1 Va May 36% Feb 9% 3% " Jan Jan 41 Dec Nov 12 July Feb 120 International 1,100 1.70 Jun 4% 15 1,800 9% Feb 14% Nickel of 40 8%Nov 11% Can (Un) 38% 38% 1,065 22% Feb 36 % (Un) Kansas Power Kennecott Kern Corp & Light Co County Laclede Corp Copper Gas 5%c 5 %c 1,000 2c Jan 9% 9% 9% 1,550 7% Feb 2.20 2.20 2.30 3,400 % 9% a 8% Jun 95c Jun Dec a28'/4 a28% a35% 50 27 a35 % a35 % 146 a__ 1,553 8 12% * 13% Petroleum • Loew's (Un) 5 16% a a52% a a Stone Oil Mfg Merchants (Unt Co Montgomery Mt Diablo Ward Oil Jun Nash-Kelvinator National Distillers New York Nordon North 1 American American Co ( 12% Oceanic Ohio Ohio Oil Edison Oil Pacific Finance Pacific Gas & Elec 6'i* 5Ve 5% redeemable For footnotes Apr 43% Dec 68 71 569 45 Jun 68 Dec 31% Feb 40 4c July 20% Feb 37 Nov May 37 Dec 68 35% 6c 35% 15 36'/a 50 22% 2.095 16% 34% 725 22% a 1,000 36 36'/a al5% 6c 35 Va 36 16% 957 15% al5% 41 34% 34% 27 18% Jun 14'A Jun 9% 10c 24 '/a 17% Dec Feb Sep Oct Feb 13% Dec Nov 2,835 29% Jan 35% 26% 26'/a 800 23 Va Apr 27'A 29'/a 29% 765 26% Mar 30 31 % 31 % Sep 1,550 28 Va Mar 32 Nov 28% 29Va 28% 28% 273 27 Vb Apr 10% Sep 29% Aug 11% Nov 32% Jun 49% 12% 12% 12% 4,382 53 51% 53 1,288 • 36'% 35% 36% 595 a21% a22 Va 63 Dec Jan 27% July 17% Apr 37 V* Feb 22 Oct 43 'A Sep 43% 43'A 326 37% Feb 45 Va Dec 66% 66% 67% 692 62% Jun 72% Jan (Un) a21% a21% 117 13% Feb 21% Dec 801 16% Feb 28 Dec 11% 2,612 11% Dec preferred class B Company (Un) 4%% Swift & 19% 19% 130 17% Jun .25 36% 36% 36% 374 28'/a Jan 25 60% 60'/a 61 % 568 49 Feb 64% • 71% 71% 11% 72 912 58 Feb 69% 11% 100 8% May 14% Feb Texas Company Texas Gulf Textron 25 (Un) Sulphur (Un) Co Incorporated 50c common Preferred Tidewater • (Un) Co Western & Air Carbide Union Oil Co of Calif Union Pacific RR_Co & 24% 15Va 16 18% Carbon __ — Jan 19% Jun 25 Va Jan 10 Jan *'16% Dec 18% 300 10% Feb 17 Va Dec 9% 1,110 6% Feb 9% Dec 10% 100 185 20 Mar ~24% Dec 192 35% Jun 45 Va Dec 2,696 25 Jun 32 Va Sep 120 76 Va Jun 86 Jan 26'A 165 20% July 26% 14 % 15 450 11 14'A 3% 3% 150 18% 18% 100 26 Va a86% 50 15% Oct Dec .Jan 27 26% (Uh)— 11 Sep Dec a84% a86% a23% a44% 25 • 20 34% a23% a24% a43% a44% (Un)_* (Un) Corp com % Jun 9% 9% 5 50 605 8,553 9 10% — 1 Century-Fox Film Union al5 23% 15% 5 Tri-Continental Corp (Un) Truax-Traer Coal Co Twentieth al5 23% 2 * (Un) Corporation Transcontinental — 10 - Oil Assoc Transamerica United Aircraft (Un) (Un) United Gas Lines Paramount Universal of Theatres interest Steel w in i Bros Air Union Pictures Lines Inc (Un) Tel (Un) W) (F Co Dec 39% Feb 26% 51 400 .28 26% 28% 7,716 42% 42% 190 35 12% 12% 100 10% Mar - __ Feb Dec July 12% Dec 15 300 9% Feb 16% Dec 8% 8% 545 5% Feb 7% Dec 21'A 21% 115 31% 30% al9% a20% 515 13% May 21 Va Jun 32% Dec 135 18% Nov 19% Nov 4 Va Nov 7% Jan 4 — 31% al9% 1 (Un) 10 / 23% Dec — 5% 5% 100 a48% a50 180 • a49% 45 % Mar 48% Aug 9c 20 Jan Midwest Stock Exchange May 2.40 STOCKS— Last Dec 31 7% 7% 150 1.35 1.35 1.40 4,350 25% a 25'% 385 17% al7% 25 6% 90c Jun July 16%-Jan 235 14% 262 20%- Jun 24% 12% 13% 510 77 %c 80C 600 j.v 6% 70c Jan Jun Oct a39% a39% a39% 83 1% 4,254 1% 34% Mar 1% Jun Par 11 Apr Abbott Laboratories Steel 8% Mar 1.45 Jan Ball _ _ _. _ American Airlines American Investment Dec American Rad American Tel 17% Nov • Laboratories 18% Aug 25 28 Anaconda (Un) Stafrd & & 1 Tel Copper San (Un) Co Armco Steel & 40% Dec Asbestos 2 % Jan Athey (Un) Co (111) Mfg 90c 4,300 65(r Dec 1.90 Jan Automatic 1,757 18% Dec a2% 25 59 23% 23% 12% 12% 13c 14c 11% 11% 18% 18% 18% (Un)_100 540 17% 237 (Un) Jun Jun Dec Belden Aviation Dec 8% Aug Dec Jun 13 % Jan Sep 20c Jan 210 8% Jun 11% 16% Jan 20 21c 1 21c Jun 19% Dec Jan Eurd 1.60 1.50 1.60 2,100 32% 33% 1,212 27% 27% 27% " 34 33% 34'* 300 50 1.30 28 24% (E L) Piston Mar Sep 2.65 Jan Butler 32 y« Dec Canadian Jun 32% Jan Carr-Consol Dec 3% Feb Feb 4 Dec 28 26 % 28% 1,000 10% 10 10% 1,800 22% 22% 100 13% 14 2.900 28% 28% 100 10 _ 17% May 7% Jan 28 16 22% Feb Dec 10% July Dec Jun 10 138% 14% Dec Jun 150% Jan 25% Jun 35 Jan 19% 28% Dec Dec Jun Jun 8% 1 1% 1% 1% 1,300 1 Apr 1% Aug 4 _ 5% 4% 5% 450 2 Aug 5% Jan 2% 1% June 2% Jan 5 Jun 7% Jan 350 25 % Jun 36% Jan 350 11 Jun 15% 1.200 27 Jun 37% Jun 7% 23% Jun 33% • _ 5 _ - Corp _. 9 8% • (Un) 10 34% 2% 350 6% 2,400 34% 35 13% 13 13% 37 35% 37 5% 5% 1,850 31 'A 32% 32 Va 500 5 4% Feb Dec Jan Jan — 13% 450 9 Feb 14 Dec 56% 57 300 43 Apr 59% Dec 52 50 40 Mar 39% ■ • 52 40 400 29 % Mar 150 14 '/a 13% 13% 5 _ 16,900 2 1 __ 9 6% 3 „ Corp 21% Dec Centlivre Inc Co _ _1 _ 66 Oct 39% Dec Brewing Corp 30% Jan 33% Sep Central & Apr 36% Nov Central 111 Secur Corp 28% Nov South 28% 525 26 % Apr 28% ' 550 27% Sep 29 Dec Certain-teed 50 51% Jan 62% Nov Cherry Convertible Corp.. 150 700 17 17 50 Jun 22 Jan 12 Jan Jan 31 Dec 13% Jun 18 Dec 6% July 16 9% 10% 1,400 6% Jun 11% Dec 15% 700 10% Jun 15% Dec 3% 3% 500 3% 4 600 14% 15 1.600 2% 10% 25 —— —— _ 2% Feb 2 — 4% Mar — — Jun 14% Dec 100 % Mar 2% Dec 10% * preferred Burrell 8% 1 _ common (Un) 18% 31 5 __ West Corp Products 8% 30 14% 10 _ 1 32% 18% 8% 31 -12% _ (rJn) 378 28% 8 _ Biscuit 1,686 28% 2% _ .. common Pacific 35% __15 . Manufacturing Corp Bros 35 a61% a61% "* Jan 3 1,600 Ring Burton-Dixie July 18% Mar 10% Dec 2% 2,300 -10 Co Burkhart tF) 41c 6'A Dec 6 Dec 100 29% 5 _ — Steel Shoe Bruce 11% 33 % a20% a20% Brown Dec Nov Dec Jan July 5% 23c Dec 19% 700 30% Eorg (George W) Corp Borg-Warner Corp Brach IE J.) & Sons 12% "*200 20% 3 Brewing Bethlehem 57 * 10 Berghoff 350 a6% Oct 3'A 146% 148% Mfg Co 9% * a6% 450 18 14% Nov 3% 29% Washer Mfg Corp^ Bastian-Blessing Co Bendix 22% 7% 50 3% 148% „ Corp Mar 7c 4,000 4% Jun 7% • _ _ Co 2.10 Mar 302 „ 18% a6 % 6% 400 50 — Avco a2% 15% July 2% Jan 50 6 % 200 —100 Mining Co Products 18% 17% 5,300 High 37% Jun 3% ■ 1 (111) 23% 600 Feb 1.10 Mar 3% 1 21 6% 50C — Low 53 22% 22% • Bearing Range for Year 1949 51% 5 _ Shares High 20% -I _ Castings Roller & 53 10 . of Prices LOW 5 Co Corp 80c Jun Sales for Week Jan 18% 11 Range Sale Price a2% 56' Week's Friday July Allied 10 25% 33% Sep 20% Jun 50 200 14% 12.50 Kentucky Coal Co (Un) Willys-Overland Motors Inc ( Un) Jan 25 Dec 41 • (Un) West 26% 25 19 1 : Co 16% July 25% Dec 5 Inc Westinghouse Elec Corp Oct Mar 42'/a • Dec 5 41 • Warner Jun Jan a23% a23% -- 10 Western 2% a22% a23 % a23 10 Corp Jun .—1 18% i-1 w Consolidated Oil Co Western 26(4 (Un)_l com (Un)— Kamp's H D Bakeries de ■ — 10 United States Rubber Co Van ' — 1 — Corp States Y 10 Corporation Certificates -r-*- 5 Inc Air United ■ Corp United United 20 10 41 25 77 • 38. Sep 41 Apr 34% Feb 25 a23% a23% 25 page 19% 233 617 25 (Un) Aetna 1 see Jan 51 43 15 Akron Brass Manufacturing Alleghany Corp (Un) (Un)—• preferred 16% 51 43 • (Un) Oct a8% Indemnity Company 1,443 Nov 69ya Jan redeemable preferred class A—25 Pacific 19% Dec 8% Mar 31'/a Jun Nov a8% common Jun 56 y« 7% 748 preferred Jun 22% 2,232 56% 17% of Calif 6% 600 Jan 63 % 48% 8 Corp 350 33% 19% 19% 9% 33 6% 32 62% Jun 17% (Un) Jun 62% May 5 Co_ 8% 9% 5 --Jan Jun Co Company Jan _• 5 Nov Corp 17% Dec "v Occidental Petroleum 4% 270 Dec Dec 27% 43 (Un)—1 Northern Pacific Railway Co Northrop Aircraft Inc 1,030 42 10% Advanced Aluminum 1.05 Un) 5% a30 a31% 6 Va 72 %c Mar 26% Nov 1 Aviation Inc North Dec 11 17 48% Limited Aug Jan 27 Aug 1 Prod Corp (Un) 4 Vb 47c 25 1 15 500 Central RR Corporation 70.1 1 133 2,009 National City Lines Inc 1,500 • Inc 16% 1.60 ; 175 50c common Admiral 1.60 (Un) Corp 6% 40% Calif (N J) Jan 55 % (Un) 5% 5% 25c . (Un) 39 1 Inc 49c • (Ind) Co 9 1 Dev Co—' 6% 39% * a— • Co — 50c Dec (Un) of Webster 18% & Dec 25 100 1 & Mng 15 25 940 Middle South Utilities Monogram Pictures Corp Jun 1 7 1 Petroleum 3Va (Un) 46% 18 Co 1,025 1 Co Oil & Armour Menasco Jan 11% 25 Sep 1 McKesson & Robbins Inc 27% — 3 1 Mascot Oil Company Jun IIIIZIII22% 54% 1 (Un) Magnavox Company 17% . 3,548 20 Co 779 12 15 7 • Hotel 25 30 46 7 Corp 24 25 • 280 10c (Un) Inc Angeles Biltmore Apr 4% 1 5 Co Lockheed Aircraft Los a a54 % 1 Libby McNeil & Libby 9 Jan (Un) _4 Lane-Weils Company Lincoln 16% 5 (Un) 4% 5 1 Land Co Light Co (Un) Nov 2% Company Sunray Oil Corp Acme Kaiser-Frazer 7 952 1.75 Del Dec • (Un)_7% International Tel & Teleg Corp 707 5 5 Jan 38% 10 (new) Paper Co Jan 9% Oct 9% 5%c 100 Petroleum Corp International 150 1.80 14 a Imperial Development Co Ltd——25c Independent Exploration Co -33Vic Intercoast 12% 15 (Un) 14 9 4% Oct 1.75 1.75 6.66% RR Co 100 12% 1 12.50 Foods, Inc. Illinois Central __ 5 Co Company Jun • (Un) Brands Inc Woolworth Hancock Oil Co of Calif A Jun 9% 1 (Un) Studebaker Corporation United Jun Zio — 7% Feb 42% » (Un) 65c Aug % July 2 (Un) 25'A 1,972 ttjM 303 1 common 500 14 Jan 7% - F) Oct • Corp Feb 72 13 Bank_100 (Un) Util 17% 23 Aug Feb 19% 1 class General Foods Corporation Public 50% 4 _ Co 20 Va 5 Corp Ltd A Liquidating Corp Farmers and Merchants Natl Fitzsimmons 10 " 74% lioc v FAR General Jan: 55% Feb 414 a21% a21 Va • Inc Inc Oil Company General ' 8% 22 230 7% 8 Va Jun 8% " Co Industries Electric a28V2 a30% 1 - Aircraft Dresser 5% 54% Mar 240 8% — 10 175 13 Va 13% 28% 13% • Southern Railway Company Dec* 6% 2,355 1 (Un) (Del) America of 27% 50c — 3% _!» (Un) Pacific Dec Feb • _1 Co Southern Dec 16% ' Consolidated Southern 35 Jun 90c Jan 8 Apr 36Va May 33% Oct 1 preferred Jun 269 23% 4.88% May 350 a 53 32 Va preferred 3 4% —— 39% May (Un) preferred 10 12% • (Un). 565 200 preferred 28 a29 % 1 Mng__. Y 4.32% 4.48% 50 17% a20 50% "• 165 4 % „23 Apr 50% a34% a35% Southern Calif Edison Co Ltd com—25 831 16% * (Un) (Un) a 12 • CorpII_II Oil 4 % ' • (Un) Corp 4% * com a72% Jan • 65 Va 64% 2,002 — 16% a 10% 10 25 Socony-Vacuum Oil Co Inc Jan 525 a4% 9% Solar Aircraft Company Dec 10 15% Va Jan Co 4.56% 16 a4 17% B Sinclair Jan Feb a33% d3'-% 1 Nov Company Class 25% Mar 38% 85 1 __ 13 3A Sierra Trading Corp.— Signal Oil & Gas Co class A Nov a44% a45 % -10 _ 321 Co & Shell Oil Co Oct Jan 95 15 17% 50 5 of Co Roebuck Security Jan 2% 33 3A Jun ' Commonwealth Edison Co Cons 37% Jan 2,650 15% _25 Jun a57% ■' Jan 17% a 1 Regis Paper Co Oil 1% Dec 185 A 24 common— Finance 23% 6,575 a23% a23% Jun (Un) Schenley industries Seaboard 75c 6% . — St Jan Seaboard 7% 13% 19% Aeronautical Co Sears a57 8% __ Apr 21 a48% a49% * Solvents 700 6 370 Safeway Stores Inc Sep 7 1,136 ■ ^ • Corp Company & 2 32% Va 18% al9% 1 .__2.50 Jan 98 • 25 Fuel Commercial 6 a 49% 10% Co 51% a9% „ Dec Co Corp 18% a9% 26% 8% Inc Oil Oil Oct 27% 26% Drug Ranch Jun 495 — —1 Clary Multiplier Corp Columbia . & Jun 36% 8 455 • Gas Oil 25c 9% 7% 9% (Un) Pictures Corp 40 50 2 4% Apr Sep 700 8 Chrysler Corp Colorado 300 31% 5 2.50 13 35% a9% —5 _ 150 11% „ 9% (Un) Corp Rexall Jan 3,800 25c Jan (Un)__2% Apr 10% 11% • -15 12 Jun 4% (Un) Reserve Ryan Jun Apr Jun 33 %c Republic Steel Dec 7% 4% 25c Republic Dec 8% 18% a55% a55% ■ 5 8% 100 3% 11% Jun 335 18% PI (Un) 12%' IV/t 11% * Co Co 8% 5 53% 3% Corp of America (Un) Radio-Keith-Orpheum Corp (Un) Va Products Cities Service Oil Jan 9 Jun 320 Radio Dec - Aircraft Pure Jan High 50 Va 4% (Un) Feb 54 160 Jun Jun Jan (Un) Ry Co (Un) Case (J I) Company (Uni Caterpillar Tractor Co (Un) Cessna Jun 23 37% 5 Pacific Certain-teed 42 138Va 50 29 _ Co— Co 105 2,029 ■ Co Range for Year 1949 Low 331 4% Phelps Dodge Corp (Un) Pullman Incorporated (Un) Jan 35% „5 Corp (Un) 14% Jun Broadway Dept Store Co Jun Jun 5 (Un) Borg-Warner Corp (Un) Byron Jackson Jan 10 Va Pepsi-Cola Co 25% 1 Borden Company Budd 8Va 345 - a28% a28 %- 10 Corp Airplane Company Chlca Bolsa 710 10% July 15 Va Dec 20 Va Diamond Boeing Jan 795 —3 (Un) Corp 7 297 RR Shares High a53% a54% a53% for Week • Airways Corp Inc Sales Range of Prices Low • (Un) Co Pictures Pennsylvania 751 — Mining Dec 29 100 common (Un) Steel 33% 30 Va -25 (Un) Appliances, Inc Cons Bethlehem Jun 28% 20c Bendix 27 Va 29% „1 Corp Mar 29 Consolidated— Co Aviation 4 30 —5 (Un) Oil Co Bendix Jun Corp Car American 10 Co Barnhart-Morrow 2% 550 •; a56 147 _J ' Baldwin Locomotive Works (Un)__. -13 Baltimore & Ohio Railroad Co (Un)- 100 Barker Pan High Motor 30 (Un) Co Manufacturing Corp Petroleum Lighting Packard 180 -• 14*" a55% 149 • Topeka & Santa Fe Ry Atlantic Refining Co (Un) Bandim 15% 14 _ - (Un) & Company . 100 (Un) Atch Avco _• (Un) Co Range for Year 1949 LOW 10% 15% * (Un) American 33 10% „1 Co Shares 3% Week's Last Par Pacific High 32% • ' American American Woolen Low 3% (Un) San Friday Sales of Prices ... (Un) Light & >0 Sale Price Paramount Co (Tin) Inc JANUARY STOCKS— "for Week Range Sale Price (387) EXCHANGES ENDED Angeles Stock Exchange STOCKS— Alaska FOR WEEK CHRONICLE — 20 20 50 11% Jun 20 Dec 1 15% 16% 900 9% Jun 16% Dec 5 10% 10% 150 9% Jun 13% Jan 31 THE (388) 32 & COMMERCIAL OTHER STOCK RANGE Monday, January 23, 1950 CHRONICLE FINANCIAL EXCHANGES FOR WEEK ENDED JANUARY >0 Friday Friday Week's Sales Last Range for Week STOCKS— of Prices Sale Price Chesapeake & Ohio Chicago Corp (Un) 125 — common Convertible 1 .. preferred , __ 1* preferred Electric $4.50 Coleman 15 50 Feb 14 Dec Sears Jun 65% Jan derrick 4% 66% Co Curtiss-Wright Corp (Un) 1 Detroit & Cleveland Navigation (Un)__5 Mfg Dodge Corp Chemical Co Dow Paper Corp (The) Controller & Mfg Eddy — ——" — .-15 — 1 Watch National Elgin 500 200 3,700 1,500 34 20% 100 814 54% 62 — Electric 3% 5714 13/64 17/64 61% 62% 85 85 9214 95 12% 12% 5714 17/64 (Un)—5 de Nemours II (E 1,400 100 600 „ 15 - Pont 8%, 6 3% Fitz Jan Jan — & Dock Co 43% Dec 28% Jan Standard 13 Dec Standard Jan 30% Dec Oil (N — (Un) 42% —* Corp_ General Motors General — 5 . 41% 72% 10 Public Utilities...— 10% 10 14%' — Candy General Electric Co 9 — --5 Brewing common——IVi class A-___.%„_v_t..u_45 (Peter) Fox 9 * — (Ohio) Oil Standard Jan 5% Jun 22 % Jim 31% 7 Dec 9% 4% Jun 8% Dec 5% Nov 7% Jan Jan 3% Dec Apr 56 % Dec 2% 43 Stewart-Warner 16% Dec 13/64 Dec 43% Jun 63% Nov 46 Jun 95 77 Aug 95 Safety Razor (Un):. - Co 13 Jan Oct 23% Dec. 240 500 100 150 1,800 Goldblatt Bros 13/64 Machine & Ctfs 19% Co of 9% Sep 11% 9% Jun 12% Jan Nov Grief Brewery Instrument Co____ 1 8% —— Brewing Co— Hibbard 3 — Bartlett—: Spencer Products Steel 165 450 300 135 100 23 100 11 __ 100 1,100 11 39 38% 36% 14 —* 14 5% 14% 600 5% 400 28% 32% 29% .'500 —1 •——. 200 450 23 —. __100 Tool Pneumatic 1,100 650 900 125 357 265 39 3 Light--.—29% __* 200 33 Unioii-Carbide 14% Oct United Air Jan United Corp 34% Jun Switchboard Company) Key Kropp La Forge Extension University Salle Laclede-Christy Laclede Gas 11 __ Co — & Libby common — Lincoln Lindsay Light & Chemical Marshall Field • Brick Meyer Blankc Co West Corp 20 __ __ 31 50% 6% 6% 15 % 4 * ——1 —————5 7% 25 __ * — Mickelberry's Food Prod Middle 4914 —__* class B Medusa Portland Cement Metropolitan __ * Co & (Arthur G) McKce 7% 20 49 — McNeil & Libby— 7 Printing Co common——1 Co 16 6% 4 —10 '_. * Leath 7% 13% 7 HVb 16 5 Light (Un) 2% . 11 5 Co & Sessions Lamson 7 13% __ —__1 33%c Monarch Co Co common Knapp 14% 13 11 6 — * .__* common 27% 45%'. 14% 13 10% 6 2% 13% Kelley Island Lime & Transport-——* Kellogg 26% -4§«% 2% _• Co Shoe 27% 453*- —* Harvester International 15% 9% 2% — 51% 25% 31 50% 6% 15% 10 2,°« Piping & Supply Miller & Hart v t c common.:. $1 prior preferred Minneapolis Brewing Co— Missouri Portland Cement Modine Mfg Jun 9% Jan Monroe Chemical Co preferred Nash-Kelvinator National 1,500 I 400 300 50 250 500 2,200 600 300 3,700 600 10 1.000 150 270 Wilson Dec Wisconsin Dec Woodall Pressure National Standard Jan Oct 15 Jan 1% May 3% 10 Jun 14% National Tile Noblitt-Sparks Nov 18 (Un)__ RR Inc__'. Ind North American Car 13% Feb 9% Mar Jan 19% 23% Aug North American Peoples Gas 8% Mar 12% Oct 12% Jan Feb 22% Oct 6 Apr 37 Nov Oak 1% May Mfg 23 July 1% 'Jan 16 Jun 2% 3 Edison Oct 28 13% 36% Dec 13 Jun 18% Jan Jun 5% Dec 2% Oil (Un)_ Packard Co Motor Car (Un) Airways American Pan — Paramount Pictures (Un)_. Nov 5% Penn prior preferred — Switch class A._— Elec 31% July 35 Apr Chemical 27% Dec 29% 40% Jan 46% Jan 15% Nov Electric Storage 10 Jan 15% Feb Fidelity & 6% July 4% Dec Dec Delaware _ Nov General Motors Jan 10 Gimbel Brothers 8% Pepsi-Cola Co (Un) 6% Jun Jun 10 Jan 4% 8% 10 Jun July 6% Jun 14% July July 39 7% Mar Mar 14 LI (Glenn Martin Dec 38% 400 25'% Jun 38% Dec Corp of America (Un) Radio-Keith-Orpheum (Un) Radio 6% 18 Jan 9% Dec 13 Oct 1% Jun 2% Nov May 19 26 Nov Nov 11 Jan 4% Oct 24 3% 9 % Dec 14% Dec 10% Jan 31% Jan 4% .1963 Republic Steel Corp Rexall Drug (Un) Richman River 13% 26% com St Co Louis Nat StOckyds St Louis For Paper Jan Public Service El & Gas common div preference $1.40 Reading Sun ■— Co — Paper Oil common common Co United (without dividend) Gas Improvement Corp — Coal Public Service footnotes see A com page 38. • 40 5 7 40 4% 7% 23% 22% 40% — 22% 41% 64 % 73% 15% __ — 72-'% . 64 % 69% 15% 7% 8 5% 1 5_ 10% % — — 22% Feb 10% 22 • 2,300 Jan 3% 25 24% 10% 150% 16 Dec 370 8% Jun 12% Jan 165 9 Jun 16 Dec Dec 33 7% Jun 481 44% Jun 68 Va Jun 8 Oct 16% Mar 22% Dec 16% Jan 22% Dec 3(4 Jun 51% 4% 192 125 2,901 152 56%■ Jun 50 4,378 150 72% 12% Jun 17% Jan 783 6% Jun 11% Jan 3% Nov 5% Dec 10% % 20 7% Jun 20 fii Jun 3,352 6% Jan 11% Dec 5,125 16% Jan 22% Dec 4,103 13% Nov 17% Jan 190 32% Jun 45% Nov 112 32 Nov 37% Oct 20% Jan 24Va Nov 23 Nov 25% Nov 11 25% 4,464 387 25% Ja» 17 Va Mar 40% Jan 25% 29 % 26 1,062 20 Jan 25% Dec 25% Jun 29% Dec 21% 67% Dec 57% 56% 1 13Va 3% 26% 40 20 20'« 30 % 3% 26% 20% 28% 22%. (.8% 53% 4 26% 21 30% Jan — • 50 * 50 17 416 30 119,2 107% 107% 43 % 43% 47% 49 110 — — __ — Jnn 23% 130 46% Jan 69 Va 332 52 Feb 66% 1,040 3 Dec 310 17% Oct 3% Dec 890 Feb 26% Dec 127 I 18 % 20% Mar 22 Va Jun 337 27% Jun 37% Jan 102% May 110 Dec 100% Jun 107% Dec 2.000 37 Apr 54% Feb 5,500 43 Apr 61 % Feb $4,200 1,500 ' Jun 10% Range Last of Prices Low Par Allegheny Ludlum Columbia Gas System 5% Aug 8 Jan L) Shares Range for Year 1919 Low High 25 Va 103 17% Jun 15 171 11 Jun 26% Jan 15 Va Nov Apr 10Va May 9% 9% 100 7 " 12% 12% 206 9% Jun 13 Dec 12% 12% 12% 412 8% Jun 13% 13% 35 8% Jun Jun 12% 12 23% 25% 8%, 3% 23% Dec 13 7«i 2% July 4% 15 Dec 19% Jan Fort Pitt Brewing * 5 1 21% Jun Nov 21% 18% 17 Refractories com—* 255 Jun Harbinson Walker 21% 9 10 5 25% 25% 26% 170 20% Jun Duquesne Brewing 17% Jan Aug 134 Dec 8% Jan 12 Apr 4% Feb 5 Jun 25 Jun Mackintosh-Hemphill McKinney Mfg Mountain Fuel Supply— — 1 10 8% 8 Jan National Fireproofing Corp Oct Pittsburgh Brewing new Old 19% 150 19% 824 5 600 New $2.50 conv 2% 52% pfd 9% Jun 14% Jan 7% Jun 9% Apr Jun 27% Jan Pittsburgh Plate Glass Pittsburgh Steel Foundry common 4% Aug 6% Dec Rennar Co Jun 40 700 1,600 450 100 40 17% 5 2,600 San Toy Dec 6% Dec Standard 42% Dec Westinghouse Air Brake Dec Steel Westlnghouse Spring Electric Corp 1 • 12.50 2% 2% 53 6,315 2% 2% Dec Dec 35 Dec Jun 37% Dec 2% May 5% 32% 500 36% 375 28% 7% 7% 200 10c Jan Dec 54 32 % lie 2% Jan Aug Dec 35% 75c Dec Dec 27% May 32% 75c Jun Oct Jan 450 36 % 1 Mining 44% Dec ■ 52% 6% July 15 32 1 30% July 6% —5 * 25 10 * 1,000 200 3% 20% 4% common—2% preferred 8% 3% 7%^Dec 33% High 23% " Co for Week 14% -* Co Blaw-Knox Clark <D 24% * Steel Sales Week's Friday Jan Jan Jun 10 Jun Sale Price Feb 3% Apr 12 Pittsburgh Stock Exchange Jan 6% Nov Aug STOCKS— Apr 37 Jan 75% Mar Jun 51% 17 May 33% 4% 13% Jun Feb 031 13% 527 Telephone & 24% 106 Jan Jun 22% convertible debentures 24 20 Dec .11% 1,331 2%s convertible debentures Dec Jun Jun Jun 138 30% — Telegraph— 1957 —1961 Baltimore Transit Co 4s_ _1975 5s series A 1975 American May 8% 19% 31% 8% 5% 23% 16% 17% 42% 44% 37% 39% 39% 27% Dec Jun Jan 600 66% 7% 22% 21% __ 2,755 1919 High Low 15 12% 14% 14 63% __ Range for Year 21% 265 BONDS 20% July 1,700 100 4,000 45% 14% 11% 13% 13% __ Shares High 30% 31 % 146% 149 14% 12% — Corp Jan 15% 17% 17% 133% 133% 9% 10% 7 7% — for Week Range of Prices Low • 1 13% Sales Week's Last —1 Dec 31 300 50 600 300 100 24% 6% 451/2 128% Dec Jan Jun Aug 19% 22% 6% 17 15% • —2% • 5 —* Co Eros Raisin (Un) 118% Nov Jan 17% July 6% 6,200 $1,000 _ _ Feb Mar 24 1,100 600 14'% 9% 25 6% 45% 7 9% July 62% July * Philco 2%s 4% 9% 9 100 300 Dec Sep 4% 9% 19 13'% 13% 77% 21% Jun 4% 9% 9% Dec 13% 76% 13% 25% 29 % 3% 23% Jun 13% Oct 77% 9 128% 128 "a 5 • Apr Dec 3,100 • 1 Dec 16 50 35% 64% Dec 3,500 8 Dec 14% 10% 1,65() 15%. —3 Sep Dec Nov 27% 28'4. 12% 11% 15% 24% 24% 17 34% 8% 22 50% 33Pa 8 Jun Jun 600 11% _ 10% 33% 27% 27% 11% 2 _ 23% 17% 24% 32% 1 Jan 1 Jup 27%, ' Dec 11% Pennsylvania Power & Light • Pennsylvania RR — 50 Pennsylvania Salt Mfg common 10 Pennsylvania Water & Power Co——* Philadelphia Electric common • $] div preference common • Philadelphia Insulated Wire " Apr 33% — 33 Jan Pennroad Corp July • 28 (Un) 26% Jun 11 Dec 32 % 27% * Co Jun 20% Dec Jun 1 Oil Pure 20 % 1,200 15 6% Pressed Steel Car common— 9,400 Dec 1 13 11% 17% 350 100 600 28 1 31 % 11% * - — National Power & Light— Jun __ 26% 30% 28 J.— Oct 8 10% 1 Nov 38 % — 1,700 200 700 100 800 (The) Co 14% 33 % Lone Star Gas Potter 45% Dec 3% ———10 17% 9% 17% 15 Dec 34 1,900 Dec Jun —_______———5 10 * 41 % 133 % 10 Dec 50 Dec Dec ___ Corp 59 150 400 1.350 17% 3 % Coal & Navigation Lehigh Valley RR Lehigh Jun 600 29% 10% 10 Nov 24% 19 27 44% 14% Deposit Co— 47% 26% 13% May 42% Jun 180 50 43 Jan 8% July 11% Mar 100 49% 44 Va • 35 24% 18% 25% —50 100 33%c Pennsylvania RR Peoples Gas Light & Coke 20 300 Battery 56% 15% 150 It Va 200 3s— Light & Power Dec __ 29% 18''4 Oct 11% 29% — 12 29% 700 Corp Apr 10 12 29 % * Jan Nov 65% 3% Curtis Publishing Co 21)'2 25 Feb 3% __ 50 10 500 — 49% 64% Chrysler Corp 29 37 22% 6% 16% 1,000 2% Nov 29 __ 60% 30"% 149 United 26% Patterson-Sargent Co——_—______* Peabody Coal Co common 5 60 —* American Tel & Tel 100 Arundel Corporation * Baldwin Locomotive Works— 13 Baltimore Transit Co 5% 1st pfd—100 Budd Company * Westmoreland — 60 % ' Westmoreland Inc— 50 3% 12% 2% 11% Stores American 29% 100 400 1,400 12% —,—1 (Un) 36% Nov Par 23% July _* Co Ohio Dec Jun 8% 3% Nov Jun 8 Ohio Dec 27% Feb 39% Feb 7% 14 3,000 11% 11% 1,400 Sale Pr ice Dec 10% Jun 2,600 STOCKS— Jan 10%, 9% 12% Jan 24 26 26-% 1 Co 1,600 36% Friday Jan 53 Dec , Jan Philadelphia-Baltimore Stock Exchange 9% Jan 17% * Bancorporation Northwest 11% Oct 8% 15% 22% 19 Dec 50 Jun 1 _ & Coke Lt Jan 10 Co_ Dec 28 Jun 29% Aug Apr — Feb 6% Jan 13 Oct _20 Co—; 16% 300 2,800 9% BONDS— 16 . Sep 10% _12% _ Youngstown Sheet & Tube 14 — 52 9 * Sep 19% * 1 Mfg— & Central York New Jan 8% May 28 1,475 27% 50 10 : Machine- Yates-Ameriean 10 25 26% — 100 25 5 1.800 8 Jan 14% 120 100 300 17% 9% 25% 3% 12% ——10 —_ Jan 14% 35% _____ common 400 500 —2 9% Jun 36% Bankshares Indust 14 17% 17-% 500 * 37% 25% 37 . 13% 15 Sep _u-7 Co 6c Jun Jun 55% 5 9% 11 g 24% 800 5 (U11) Cooker.— Corp 100 5 — Electric Corp 24% . Oct 11% 10% common 24% * 27% _ (Un) div 17% * Montgomery Ward & Co Jun * Steel S 17% 8% — (Un) Inc without 7 __ 20 9% Carbon & Lines 17% _* • 1.600 5 _ Air. Western & 6V2 13 25 26 % 52 —25 _ 24% 7 Nov 25% 2 _ _ 24% __ Nov 74% 27% 25 — * 1 —_—10 —1 45% Jun 12% __. Light & Rys Co Scott Midwest Feb 42% Dec Davison International Dec 60% 5 _. _ _ 14% ' Indianapolis Power & Interlake Steamship 2% 36% Ltd— Co (The) Co Jun U 38% 3 2% 10 RR Central 22% 7% 43 _ _ (The) Jun 6% 10 Dec 6,250 8% 4% Mar 200 800 1,300 3% 7% • 17 2% 39% 3% — 5 5 Co.~ Independent Indiana 41% ————_______ Brick Illinois 7% 1 Corp common . Huttig Sash & Door common Hydraulic Press Brick common Preferred 19 8% 22 7% 41% 22 _25 Hupp Illinois __ 1 Corp (G) Werner __ 16 25 12 27% 14 18% ——* Western Co Heilman Hein 12 26% * 2 Griesedieck Harbauer class A Cooperage Bros Hammond 15% 25 15% — 100 Towing, common.*., Lakes Great Tool 208 South La Salle St Corp Jan 1,100 50 10% Oct Mar 43% * 6 1,850 500 __ 10 13 —1 _ Corp Trane 11% 27 14% * Drug Stores Great Lakes Dredge & Dock Gray Jun 11'% deposit Co. Texas 1,600 200 9% 35% 2% 1114 7 1,000 67% 1 International United 25% 14% 2 — 17% _ _ Swift Nov 9 34% _1 (Un):—_ Graham-Paige Motors — (Un) _ Swift 73 26% „ Oct Feb 13% 66% 1 5 1 Corp Corp Corp Sundstrand Jun 91a 35% _ Jan Jan 21% 25% 10 Sunray Oil (Un) 52 * : 13% July Nov Aug 1 * Refrigerator Co Gibson Glidden 10 3% <■ Sunbeam Jan xll Studebaker Westinghouse Gillette Sep 6Vs 17% 43 % 25 com Corp Container Stone 100 73 16% 70 __ 24% Apr Jan 25 914 10% 10 15 42,34 Jun 4% )Aug Jun 14 % 66% 25 (Un) J) 9% 2 1 Oil of Indiana Transcontinental Flour Mills of America Inc General 2014 Apr ^ Jun 8% Dec 13% I Spiegel Inc Standard Dredging common Connell Dredge & Simons * 50 16 Thor Brewing Corp Falstaff 17% 76 25 500 600 7 29 200 Jun 10 6% 644 —— -— Rights Du „ ,___1 class A_. Credit Corp Domestic — 10 —. — 6% 28'4 814 814 6:'4 16% 2.9 Jan 100 17% Jan Apr 19 4,100 5 13% 10% 1,200 Speed Queen Corp conv class A com—5 Works— Dec Dec Jun 22 16% South Lathe 31% 44 Jun 8% 22% 5 Dec Bend 22% Jun 34 16% 16% 15% Aug 1,400 3,900 29 22% 7/' 1 15 36% Mar 5o 1 25 (Un)—. Continental Motors 150 99 * Corp Society Brand Clothes Socony Vacuum Oil (Un) Sterling Aluminum Products Crane 2,350 13% 10% July 150 12% 30'2 29 % 70 63 % 12% 29% Oil 27 * ; 16% Feb 200 12% 30% Sinclair 50 13% * Corp Strapping 11 % Dec 39% 77% Aug Prod Steel 11% 29 —1 500 1,800 11% • Co 33% 43% 67% 45% 44% Signode 116% Aug Jan 700 2114 Shellmar Nov 90 Jun & 32% 42% __ High LOW High 43 % .. Range for Year 194!) Shares of Prices Low 1% (Un) Corp class B common Nov 8 Jun 111 Roebuck 38 % Jun 26% Industries Schenley Jan 9 300 1,400 2114 —.' 34% 61 75 "2 15% — for Week Par Dec 65% 44 % 1514 1019 27 Jun 73% lo'/a 75 4414 25 Edison Commonwealth 300 Sales ' Range Sale Price High 64% . 73 % * (Uni System Gas ' 1.000 500 150 300 * * . Illuminating (The) Co Inc Columbia 114 Range for Year Low 5 Iron Cleveland '43% 10 common—,—-1 Co Cliffs Cleveland 7% 8 lit 43)2 43% 91 . 91 114 114 fa , —.—2% „ Service Cities 65 65 Chicago Mil St Paul & Pac vtc_ — •» Chicago R I & Pac By commonJ— — * Chicago Towel Co common — ...* Convertible preferred Z—* Chrysler Corp 30% 12% 29% 12Va 30% Shares High Low Par Week's Last STOCKS— Dec 1 100 50c Jan 1 Dec- 9,300 6c Feb 16c Mar 35 12% Jan 20 Va Dec 25% 25 Va 25% 1,285 21% Jun 34% Jan 31% 30% 31% 549 18% 19 20% Jun 32% Dec Volume 171 Number 4875 THE COMMERCIAL & FINANCIAL OTHER STOCK RANGE FOR WEEK STOCKS— Last Range Par Abbott Laboratories Air Reduction Alaska Juneau Alleghany Corp Min Co ,—10 (Un) 1 American Airlines Inc (Un),_ American Factors Ltd (Un)-„1 American «fc Foreign Power (Un)___ American Power & Light (Un) Amer Radiator & Stan San American Tel & Tel Co (Un) American Woolen Anaconda Copper Mining (Un) Co (Un) • Arkansas Natural Gas class A Armour & Co (111) Corp com (Un) & Santa 5 1 Corp Benguet Cons Mining & Caterpillar Celanese Central Corp Milw Prol'eircd Clorox Class Co_ System Oil com (Del) 37 Dec Ohio 26% 37 Dec Oliver 1% Dec 23% Jun 2 2 375 3214 32% 585 8 814 600 3 2.95 3 4,930 a25% a26V4 45 — Eureka Ewa Kodak Oil Capwell 35 10 com Motors Corp Paint Corp 2nd Co 27% Jun 35 Jun 33% 2.10 Oct 33 Deo 90c Jun 27% Nov 8% Jan Jun 32% Dec 34 210 25% Jan 17 17 150 13% July 18% Apr 20% 20% 20% 200 a30% * 42 a29:% a30% 42 28% Tire & a— 28:% 28% 609 1314 1314 al0% al0% Jun Jan 27% Dec a _ 9% 13 20% a6% a56% a567/s 60 30 % 44% 21% Mar 29 % 41% Sep 43% 8 Jun 12% Apr 5% Jun 8% Jan 54 Jun 04% Nov 13 250 Jan 14 Dec 1,668 20 Jan 30 Dec 102% 103% 86 94 Mar 104% Dec 100 5% Feb 7% Nov 7 9% Feo ——_1 com 814 814 611 12 — 12% 228 5 5 12 —* 3% — 31;4 8% 40 100 75 Nov Dec Dec 6 Jan 24% Apr 31% Nov a58 a54% a58 428 43 % Apr 56 % ;l,2 1''*, % 4,284 13/64 Dec 32 61% 6114 603 47% Aug 241 40 — : — a45% a46% 11% 19% 18% 19 4 302 * 41 41 41% 990 iV. — 15% 16 125 1% 1.900 29 % 29% 250 6 6 % Jun 48(4 Dec Jun 14% Jan 12% Mar 18 % Dec 42 (1 Dec 9% 31 Jun % May 11% 350 __ Dec Nov 1,100 1% __ — iV 15% 7 62 1.899 (Un)——5 & American Paramount Pure Oil Co Radio Com of Radio Keith Railway Rayonier (Lfn) Rheem Riverside Bros S & W Fine Safeway San Stores Maurico Aug % July 22 % May 5 1J i/i 18 7% 29 Santa Cruz Greyhound Corp Sears Roebuck Shell Oil Bros Stores Hawaiian Holly Honolulu Hudson Oil Ltd Southern Sep 34% 16% May 15 % Jun 35 Nov 22% 400 20 July s 13 976 10 Feb /a 68/2 15 56 a/4 a74 50 a— Dec 37% Jun 18 Sep Inc 6% Maryland Mines Corp independent Nickel Intl Exploration Canada of International IXL Mining Tel & Kennecott Kern Leslie Salt Libby McNeill & (Un) * Inc Corp —8.75 16 165 a 1,252 500 1.65 50 1,680 '« 860 10 1,300 11,100 -- 9/2 Southern Calif ti'/i Gas preferred Jun 44 Dec 12 Jun 15% Sep 16 y4 July 19 % May Jun 4 % Jan 42% Jun 66 % Jan 10% Feb 8% Aug 14% 11 Oct 1.70 7% Jun 2.90 Aug Feb 19% Jul Jun 31%. Jan 8 Jun 11 & Texas Tide 35c 100 26c Sep 65c Nov 125 / 33(4 Jun 47% 4 46 ,4 4% al6 /a 5% a16-ja a54/8 2 25 4 &1*3° \»J» a1-30 see — page 28. - — 54 104 10 80 80 50 16 15% Jun 44 Jan Nov 105% 82 July Dec 473 15% 24% 100(4 Dec 605 14(4 24% 170 24 Nov 103% 104% 205 89 Feb 104% Jun 4% 24% 104% Nov 1 4% 4% 9% 9% 9% 757 8% Feb 19 20 1,195 15% 19% May 26% May Jun 19 a — 9 50 3(4 50 17% 1,035 Dec Jan 10% Mar Dec 20% Jun 19 379 10(4 % 24% Feb 13% Nov 17% Jan 8% Dec 11% Apr • 50% a 16% 715 37 Jun 49 % Feb 61% 254 52(4 Feb 63 Dec 16% a60% a34% 19 a 17% 10 600 370 11(4 Jun 21% Jan a34% a35(4 195 32(4 July 35 Apr 28 28 385 25% Feb 32 % Nov 13(4 ' 14% 14% Jan 1,328 9% Jun 9 % ^ 9(4 191 7 (4 JUn 9 Apr 12(4 12% 200 7 Vb Mar 15 Dec 1 — 72 70 ' 1 t )% 48 42% Jun 78 25% a25% a 72 40 21% Jun 2b% Jail July 34% Feb ■ 30% 31 24% 24% 269 28 Dec 319 17(4 39 39 492 35(4 Jan 39% Oct 19% 21 1,250 14 Jun 20(4 Dec 40 41 626 25 Jan 42 Dec 30% 32 690 21(4 Feb 32 Dec 29 29 10 23 July 29 % Dec 11% 12% 900 10 Oct 12% Feb 41 (Un)__* — !% 29 (4 31% 835 8c 9c 10,300 (Un)__50 43 43 10 43% 43(4 35% 35% 35% — 8c • 16% Jun 26% Jan 33 Dec Feb 12c Nov 30 Jan 40 Dec 375 34% Feb 44(4 Dec 210 31 Feb 39% Nov Dec Jan 6c 35%; 35% 300 20% Jan 36% 22(4 22% 22 7 « 1,025 18% Jun 24 % 16 % 16% 16% 2.034 14% Jun 17% Oct —5 30% 30% 30% 1,032 21 Jun 31 (4 Dec Co com 34 % 34 % 1,549 29% 35(4 Nov 26 % (Un)— preferred 34 % preferred) Jan Sep 307 24 May 27 (2 Nov 50 28 Mar 32 Nov a28% a28% 25 26% a31% a31% 60 27% Apr 34 180 33(4 Apr 35% Aug % a33% 6 33 % Jun 35(4 Aug 10% 33% A__25. 25 a33 29 % Sep 5 Co A ( 3.375 Oct 11% 52% 1,904 33% Jun 50 % Dec 50 11 Dec 11% Nov 150 24 July 27% Apr 18 Jan 22% Nov 55% Jun 70 Sep 1 — Co of Co • (Ind) Co of N J 26% a22 • 62% 2(3% a22 a22% 62 % 267 63 2.968 Nov 25 43% 43(4 43(4 437 39% Aug 44 7 4 25 . (Un) 66% 66% 67% 567 61(4 73 3 27 27% 1,169 16% Feb 28 Dec 60 30 Mar 30 (4 Oct (Un)_^ 1 (Un)—— Co 12% 52 1 —. Corp 12% al2% al2% 12% • Gl_, 25 a36% a35% a36% 25 a 60% a60% aGl: Jun 1 Oct Oct Company (Un) Water Associated Oil Union Carbide Union Oil Union Western & & Co of Carbon Calif Air (Un) common Sugar 24 23% 24 1,926 15% 15% 16 10,249 18 18 121 5 without div 43% Jun 64 ■% 19% Jun 25Va 10 Jan 16% Dec 10% Jan 15 3 i.ug • 44% 44;'B 44% 652 337» Jun 25 26% 26% 27 2,542 25% Jun 13(4 —:——12% United Aircraft .Corp (Un) United Air Lines Inc Corp 355 10 2 com Corp —5 a 13(4 420 26 (4 a27 95 4 Nov Jan 44% Dec 32 % 11% Mar Sep 13% Jan 21 Jim 27 Dec 10 (Un) 15(4 14% 15% 484 10% Jan 14% Oct 1 a4 a4 a4 50 3(4 Dec 3(4 Dec United Gas United Paramount Corp 18% 18% 100 Dec 10 Dec 35c 46 24 — Jun 15(4 — Transamerica Apr — 1 50 Oct "26 33% .1—• 1,140 Jan 2% Mar 240 7 Corp 54(4 104 • i.Uni Speiry Corp Swift 2,365 — a54% 29 • Dec 69 13% 4% — Sep 15 Oil 28-4 • (Un) footnotes 684 29% Oct 27% 10 (Un) Stafiebaker :4 28 — — 9 4 Apr 1,175 • Standard Oil 12% — 12'.2 26% 28% 15% 5 Standard a__ 1 % May !•'" 2.05 330 28 % 28% 15% PIO Feb 11% July 5 Libbv Nov —100 Cement Jun Oct —-10 & Nov Nov 30% 10 25 9% (Un) Co 36% 32% com:—* A 14 V 1,300 Company Lyons-Magnus class B For 1 — Apr (Un) 41(4 9-'« Feb Apr Calif— Jun 1.95 13% 1 Oil 34% — Apr Apr Co Brands Inc 10 2.05 12 33 4.88% Certificates U S Steel Victor Light Land Lockheed Aircraft Loew's (Un)—• P2 Corp Copper County • : com Knfser-Frazer Corp Power 1 33%c (Un) Tel Co Johns-Manville Kansas lUnl 100 27 preferred United Idaho Deo 12(4 30 — Standard 55 15 Nov 13% 20 ,L__ Standard Apr a2 14% 30% Jun 622 • Ltd Nov 18(4 35 a42 4 a4-4 49% Jan 10 Dec 12 I5 28(4 1.505 Convertible Jan 68 50 120 1,855 35(4 26% 52 —12% Co 30 12% 32% a31% 230 • Car 30 32 25 I0V4 19 Jan 29% a29% 28(4 28(4 4.56%,—.,,25 16 4 16 33 12% a preferred a34% a35% l-'° Jan 32% Dec 32 1 cumulative 4.32% 280 18% 2.65 Sep Aug 23% May Sep (Un) class Edison 16% 16 1.40 28% Mar 12(4 Cumulative Jan 6% Calif 16% — 60 50 Co Pacific -- 600 Dec x41c Oct Jan (Un)— Pulp Co * Jan 19% 6 • Oil Southern 1 —__— 20c 2,047 12(4 33(40 Co Corp Soundview Jan Apr Oil Spalding Ir.c ♦ Co Corp Motor Foods Hunt Inc Pineapple Co Development 60 13% July 34 Signal Oil & Gas Co A Sinclair Socony-Vacuum Transcontinental Hale Jun 37% Jan 15 Jan n % Dec Apr (Un),—_i_— Co— 16(4 11 Jan Nov 16 Oct 3% Co & Jun 11 1.65 33 % 11% 19% Mar 30% Inc.— Southern 318 8(4 Jun 19% Mining Dec 3 rrir 1.50 32 % * (Un) Portland Nov 4 10 1.660 (Un)__l Foods Inc 10 46 17(4 102 5,377 common 2,375 a2 239 a27 (4 &27(4 • Airways Realty Cement Roos I3 4 46/4 40 19 17 4% Corp 11 % — 11 % a 34% 25 Oil 12 — Jan — * common Richfield 72% — 12% 9(4 Dec 35 common Manufacturing 48% (Un)__* — ___100 Republic Steel Corp (Un) Reynolds Tobacco class B (Un) 42(4 1 pfd Jun 10 — Jan * (Un) non-cum 835 * Incorp Preferred Jun a74 12% • — Jun ,22% Nov 4% 33% A. .25 (U11) Preferred 41% — 13% 34 % (Un) com & 53 % (Un).—* cummon series Orpheum ,(Un) Equip 220 12% Jun 10 35(4 common America 2,471 22% 450 17 33 (Un) 73 * Oct 11%) __ 1.65 (Un) 25 Fh'liips Petroleum Co • Puget Sound Pulp & Timber (Un)__,_* Pullman Inc (Un) _* a49 25 Co——, 7% Phelps Dodge Corp * common— 22% 19 ■ 4% common Pictures 42 % -- 18 Feb 5% Mar 25 World a49 a35% Jun 17 % 85 all% . preferred— .25 Companies 71% * 9(4 910 ', Cement Motor Co 41 /« 0 1,326 12 % 12% 1 — 73 1,273 17% 23% a7% 11 .25 Tel a49 — Dec 17 2,016 Service * (Un)— Dec 22 % Dec 11% * Feb 2.85 14 (2 Dec 1,029 11% —10 Jun 14% 30% * —2% Jun 88 — 5 —20 Dec 8% 100 10 72 — 15 (Un)__10 12 Dec 17% 23c Pepsi Cola Co (Un) Dec 31 8% Tel Paraftir.e Jan - 12% 7% 27 Jun 23c preferred Pan Jan 29% 7% 19% Mar 10% 10 Public Packard Dec 34% July 31 — 595 290 common Pacific Dec 50 a6% 57% Mar 265 1,570 preferred Portland New 1st Dec 14% July 25% Jun 50 — * Pacific 440 24 18% 12% — Rubber & Ry 205 210 a43% a43% 1314 1 42 Jim Jan 24 19 Pennsylvania RR Co 5 common Ltd Co 50 281 1st Jan Jun 5 34 % 34 100 2.10 17% 44% preferred——,— Pacific Dec a30% a3014 48 Jun 53% Dec Dee a3014 a3014 July 977 43 1st preferred S4.50 Dec 24 67 % —,——;—-100 F) —_ 70 preferred McBean a— 44% Jun 42% Mar 1214 common preferred Northern ___ 256 __ 5^% 10 Safety Razor Goodyear a__ 484 — Jan 23c 56% 18% preferred 1st 5(4% Jan 66 1214 Corp Graham-Paige Motors Gt 10% 7314 * (B Oct 86 1214 35c July 1.35 a7% Dec 7314 * Jun 15c 17% 23% . Dec 36% 18% — Goodrich 534 17% Feb 119 Preferred State 33 Sep Jun 160 (Un) Foods 4% 1,137 3214 3% 5(4 8 1 General Elective Co Gladding red al034 al0% 4214' 42'/2 1 General Golden 5% 30 — 22c 566 24 • redeeemable 8% Mar 200 696 8 Ltd Convertible 5% a32% a33% ; General Gillette Jan Jun 667 Liquidating Corp General Dec Dec 22 152 6,500 17c 25 49% 3414 2,786 24c 19 Aggregates. 59 % 650 — Coast Feb 33 1.75 17c ..5 Pacific 37% Aug 1.75 43% _» 13% 414 .5 Food Machinery & Chemical Foster & Kleiscr com— Jan 10 Filte: 44 % May 14% _1 _r— Cons.— B 40% 35% a43% United Class 100 1,600 Co— Co 7' 33 % May (Un)____—:—100 (Un). 100 414 — Co 220 15% 1 Co 4% Mar 15 10 100 com Mar 30 — common 100 25 24 1.60 — & Share Corp Dec 30 Nemour0_ Co 5% a39% a39% ,_1 _____— Jan 3.00 Oil 4914 25 Works Plantation FAR 14 % 5% 1414 . Emporium Nov 1.95 Mar 35% - Bond Oct 14% * de 5% Apr Jan 1.55 Fields* (Un) I) Oil a57 a57% 15% * Dorado 2 % 33% 35% Doernbecher Mfg Co: Electric 4914 __ __ A—2% common (Un) (Un) 10%, Jan 18% Aug Doniinguez El Jun 8% *17 . 17% 17% -1 26% Jun 125 10 (Un) Feb 24 -8 50 345 100 — American 10% * , ... Chemical Co Northern Pacific Ry 36% —* Giorgio Fruit Corp class A Rights Oct 33c a8% 102% Oil North 30 coinmon__ preferred Dec 1.60 America Inc B common 7% Jun 10% 3% (Un) Corp Co a8% 3514 1 (Un) Aircraft Co Aviation Jun Indus class A Motors Amercan American 8 tUn) Publishing Co (Un) Curtiss-Wright Corp (Un) Eastman % North J class 11% 55% • North 25 _____ 2,900 * (Un) North American Investment 10% common, Sys Vultee (E 4 RR Oct a814 * : Apr 15 18 23c • 1 . 34 Iron Zellerbach Pont 1,100 Central (Un) Apr — Curtis du 614 • — 11% — 1 Products Jan 11% 10 com Sep Jun 5 Fibres 23% Jun Preferred Dow 20% Mar 9 214 Gas Creameries of S3 180 375 Consolidated Edison Co of N Y (Un)—* Consolidated Grocers Corp——1.1.3314 Consolidated Natural Gas Co (Uni '15 Class a22% a22% 25 Consolidated Chem Di Dec 1214 (Un)——1% B Continental 8 102 12% I (Un) 27% 7% — Dec Jun Aug 1214 _____5 Solvents (Un) Commonwealth Edison Crown Jan 5 87 —214 Commercial Continental 6% 12 Y (Un) Jan Jun 90 Jan 5 (Un) & Dec 114 * RR 35(4 7% 25 Broadcast Consolidated 10 1 . Co Fuel Columbia 28% July Jun ___ (Un) Chemical Columbia Distillers Corp '18 750 ♦ National Linen Service Corp Natomas Co Jun common... Ry Paul Service Colorado National Jan 219 5 Chrysler Corp Cities Feb 34% 5 America Ohio St Auto 37% Jun 22c Mining Co__ & National Jun 600 common of Eureka 1 10 25% Nash-Kelvinator 32% Oct Jun 14% — 1 Morrison-Knudsen Co High Jun 0% 26 P10 (Un) 22% 7,400 —100 (Un) Tractor Chesapeake Chic Co Co Dec 26c 15 Packing Corp Canada Dry Ginger Ale & Jan 614 : (Un) Ward 28 1,058 all 5% 18 Mfg Co Mindanao Mother Lode Mines M J & M & M Cons (Un) Low 13% 25% 15 5 (Un) Range for Year 1019 61 al0% • (Un) Inc 12% Dec 6 1 (Un)! Co Robbins 71% 25c (Un) Corp & 54% 614 (Un) Co 25% Shares High a31% a31% 1 (Un) 149% 8% * Corp Sugar Co Jun al03 6 5 common.. May al02% 6 13% Menasco Jan 13 (Un) I) 1,740 14% 814 — a22% PI California (J 150 200 30 35 McBryde Dec 3 (Un) Bunker Hill & Sullivan Calambra Sugar Calaveras Cement Co Case 51 ,1 . Navigation McKesson Dec Apr 45% 30 3% 15 Jun 138% 100 P10 (Un). Airplane Borg-Warner 145 __ Oct Jan 2 Steel Bishop Oil Co Blair Holdings Boeing 10% 2,080 34 Low • common— (Glenn) Montgomery 261 al0% al0% 214 Baldwin Locomotive (Un) Baltimore & Ohio RR (Un) Beech Aircraft Corp Aviation 14 12% 22 H) Calculating Machine Co Matson Dec Feb Jun 14814 148% — (Un)_100 Imp Diesel Engine Atok Big Wedge Mining Co Avco Mfg Corp common (Un) Borden Co Feb 5 Fe 4 Jun 7% 35 * (U11) Bethlehem 1% 500 Martin N (Un) Atlas Bendix 10 1514 , Atchison Topeka Atlas a3Vs 7% 15 Marchant Dec 23% May 4% Nov Feb 15 a54% a55% — 50 2% 740 a70% a7114 29% 29% __ _20 Feb 1514 14 47% 2% Jan a3% a55% 100 Anglo Calif Natl Bank 300 13la * (Un) (Un) 20% 10% — & Co (R Magnavox Co High Nov 1814 (Un)__—• American Smelting & Refining American Viscose Corp 600 46% 10% — . * 160 1814 — " 100 314 3% Macy Range for Year 1919 Low 5'23/4 3% .._ 10% 1 20 for Week oi Prices Par Shares 3% — Sales Range Sale Price for Week a24 a24% — Week's Last STOCKS— Sales High 52% 52% (Unj Gold of Prices Low —5 Cp EXCHANGES ENDED JANUARY •><> Exchange Week's Sale Price (389) Friday San Francisco Stock Friday CHRONICLE a52-4 2,045 72 3 15% Sep 9 Jan 16% Dec Wells Theatres interest— Corp common Equipment Warner Sep of Bros Co Pictures Fargo Bank (Un); & U T__. 350 41% Jun 55% Jan Westates 680 39 Jun 48 Dec Western Air Lines Inc (Un) 32% 33% 180 Dec Western a7/4 50 27% May 6% Jun 32% ai-4 Jan Western 578 16% Jan 25 Dec 271 Westinghouse 14% Jan 18% July 1 46 70 1.25 Mar 8% 2.25 Jan Petroleum Dept common Stores Pacific RR common Elec Corp (Un) Willvs-Overland Motors (Un) Wool worth (F W) • (Un) 28 3 __5 (100 277 (Un)_,_l 9Dc 3,095 a 7% 7% 14% 7% 70 a22% a23 (4 26% • 1 /4 4b /e a23(4 14% 276 277 ". 2034 Jun 26(4 200 6% Dec 9(4 9% Jan 240 -~ 19 270 Apr 95c 99c 913 1 8% 8% 325 5% 17% 18 851 13% 1.45 Feb 50c 16% 290 Mar * a31 % a31 % 80c Oct 50 a__ 31 % 31(4 957 21 ;—1 6 6 200 4% Jun 10 49% 49% 658 44% Jan 12(4 31% .. _.. Jun 8 19(4 a . 33 7% Jan Dec Aug Nov Dec Dec — Dec Jan 49% July 33 34 THE (390) & COMMERCIAL CANADIAN RANGE FINANCIAL LISTED 20 Friday Montreal Stock Exchange STOCKS— JW STOCKS- Last of Prices Par Abltlbi Power & Paper preferred Acadia-Atlantic Sugar 20 r Low LOW High % 21% 22% 7,683 22% 22% 7,860 24% ♦ 8% 9 • 14 14% 6,145 Aluminium A Ltd Aluminum Anglo class Steel Co Can Co Bell Brazilian Trac (J H) Note a45% a45% a46 120 42% Sep 47'% Nov 7% 7% 7% 1,470 5% Jun 7% Oct a76% a76% 20 24% 26 1,507 14% 14'4 200 11% May 12% Jan 25% 25% 25% 595 17 y2 Jun 25% Dec 40 40 40 y4 38% Jan 43% Sep 25% 20 19% 20% 14% 14% 15 50 • Mills Power class Corp cl 27% 3 3 2,450 28 B 27% % 28% 21% Sep 16 Nov Jan 22 Feb 27% Dec 24 y4 Apr 27 Dec 2% Aug 1,075 * 7% 7% 7% 3 31 30% 31% 575 9.50 • 20 " Power Canada Safeway Ltd Steamship Corp 9.50 100 35 36% 4,281 29% 29% 29% 895 4 W/r 12% * pfd 100 • preferred 16% 100 Nov 16% May J un 39 30 Feb Apr 12% Dec 96% Jun 98 % 5,615 Jun 15% Sep 50 36 % 34% 36% 872 31% • 22% 22% 23 2,803 18% Bronze • 24% 24 24% 700 22.95 22,90 23 1,010 Canadian Car & Ltd 5','r pfd—-20 $1 Celanese Apr Apr 11% 11% 376 14% 14% 14% 315 13 Jun 17 Jan 29% 30 3,546 19 Jun 29% a38 Va a38% 25 34% July 39% Oct 24 y4 Dec 22% Jan 22% 50 20 May 20 9 9 35 8 Jun 13 Feb a9 a9 5 10 Oct 13% preferred_III_25 27% 27% 25 25% Oct 27% Dec Aug 40% Nov 11% pfd Cottons 6'it Canadian Foreign Investment Canadian Ind Alcohol class A * • Oil Canadian Pacific 8% 8 Dec 8% 8% 87 8 May 27 26% 27% 315 24 Jun 36y2 Jan —I—I— Companies 17 16% 17% 475 12 July 16% Dec Railway 5,491 17% 6,415 11% 18 11 Seal 122% 1 101 99% 101% Jun 7% 4 7o Glass & «• Steel Ltd- I al72 Quebec 130 37 Jan 49 a56 5 51 Dec 63 Jan Canada 14% 14 % 350 13% Dec 19% Jan 43 42 % 575 34 Va Jun 45 Nov 17% Nov 67 Dec * 16 65 y2 16 16 y4 200 12 % Jun 65% 67 3.405 45 V2 Jun 99 Vis 99% 150 95 Jun 100% Nov 13 12% 13 1,025 10% Mar 13% Nov 16% 16% 17 190 16 18 6 6% 75 6% Jun 9% Jan 9.65 9.05 9.65 5,465 5.90 Feb 9.90 Dec 103 % 103'% 15 100 Va Jan 103 Va • 100 -!_T—_. —"—- - —— preferred—i_ 100 13 Corp common Lawrence 49 !___— preferred —1 Mills » common— preferred 20% Shawinlgan Series A Sherwin Sicks Water 4% Breweries Voting Simon of & preferred 5% Press Southern Dec 31 Dec % 420 9 Jun 16% Nov 21 20% t v Redeemable Dominion Textile Electrolux Enamel & 306 190 21 20% 21 % 20 20% 18 ',8 18 % * <T Co Fraser 4%% Power $2 Smith Oil 100 29 % 25 24 % Sep 30 Jan 20 %. 21% 670 17 Feb 21% Dec 17 Jun 5 Jun 685 78% Mar 105 Dec ——.——25 IOS 105% 106 110 80 105 Dec 14'% 14% 7 % preferred Thrift Stores Tuckett 1——* 14% preferred—100 170y4 Ltd Tobacco United Viau common Steel 7% Corp Biscuit preferred Wabasso 30 ——,.100 — 100'% Cotton « Walker Gooderham Wilsils Worts & 24 100% 100% 4 101 15 900 37 % 38% 3,295 38 y4 * Zellers al8 al8 34% 34% 36 Limited 52 52 52% 26 5 % preferred preferred Indust Acceptance Corp common 414% preferred preferred convertible preferred Nov 265 39. Feb 54% Nov 26 Va 200 24% Jun 26% 10 27% Apr 29% 20 20 20 1,057 19% Mar 21 10 25% 25% 25% 441 22% Feb 26% 10 30% 30% 100 28% Feb 32 Oct 75 23 21% Aug 7 Jan 8% Mar Aug Montreal 10 Nova Scotia ———. , preferred Utilities Corp Serv Ltd —_— 21 % Dec Royal 42% Nov Toronto 22 27% 28 125 22% Jun 29% Dec 19% Dec 1,800 25 Jun 28% Oct 39% 395 34 Mar 39% Dec 21 Va 27% 28 2,258 24% Jun 28 Oct 40 40 110 35% Feb 39% Oct Dec 36 27'% 39 Nov 49 27% J, — Nov 27% 45 46 160 35% Feb 35 35 35 185, 31 Feb 21% 20 y« 22 11,310 a35% a35 a35 % 60 13% .:*■ , Jun ■ 21% Mar 35 21 27 -10 10 - k Montreal Curb Market Nov Dec 26% 27 400 26% 26% 50 21% Jan 22 22 40 19% Apr 11% 12 2,375 10 Va 173 173 40 a94% 1a94 % ' 11% — — ■ — 15% Aug 22% STOCKS- Sep 12 Jun 173 Dec 88 July 95 May 25 11% Jun al.90 al.90 25% Jan 5 2.50 1.00 Mar Oct Works J3d Glove Acme Anglo-Nfld Steels Auto Lake 1% (John) of the Ltd common. ___: Lang & Sons Ltd Legare 6% (John A) Mailman B 1,410 7 Dec 12% Jan 4 4 100 3% Oct 5% 72 230 * oteSir B 17 Jan Bathurst 14% Sep BeRling-Corticelli T]for preferrfed 100 Belgium Glove & Hosfery of Cda com_» 25 — 8% 100 8 July 2 2,150 2 Aug 2 Vs • 35c 40c 25c Oct 1.15 190 24 Jan 31 Dec 1,400 19 Apr 28% Jan 97 Apr 98% Nov British 16 July 100% Jun 98% 125 19 460 al06% a 106 a 106% 2% 18 45 400 2% 17% 1.75 Jun 18% Nov 13 255 13 Jun 106 Feb 2% Oct 18% Millen & Columbia Packers class Nov 52 Dec Canada Malting Co 19% Dec Canada Packers Ltd 12% 12% 13 1,238 8 Jun 12% Dec Canada 35% 35% 36 99% Jun 105 50 10 Apr 12% * 11 11 6% 90 5% Mar 6% Jan 3% 4 10,850 2 May 4 Jan 97% 98 340 71 Jun 103 Jan 10 10 25 9 Jun 12% Mar Vinegars 22 22'% 1,061 18% Jun 23 Jan 49% 50 42% Feb 52% Nov 23 23 50 15 Jun 20 Ltd Oct .' 12 12 20 12 Dec 13% Jan 24% 24% ___ Dock 26,926 27 Mar 37% Dec Canadian 49% 50 235 42 Aug 49 % Nov Canadian Fairbanks-Morse 46% 47% 1,675 38% Jun 56% Jan Canadian 22% 22 22% 7,934 16% Feb 24 Nov 14% 14% 14% 1,217 Dredge & Ltd Co Co Ltd—■_ Products Ltd Food 5% 13% Mar 15 26 26% 195 24% Jan 20% Nov Canadian Ingersol 7% 750 6% Jan 7% Jun Canadian Inter • 29% 307/a 1,755 19% Feb 31% Dec Canadian Marconi 85% a86% 75 83% Jan 86 Jun Canadian Pwr 97 Jan 99 Nov 25 Aug 31 a85% a 100 31 100 40 30% 31 385 Oct Rand Inv 12 Dec 12 25 17% 530 23 22% 23% 961 9 Feb 12 Dec 15% Mar 17% Nov 19 % Mar 24% Nov a70 a71% 20 64 July 81 Jan 5% 7 230 3 Jan 6% Dec. 3 3% 3,425 Jun 3% Dec 1.50 1.50 2 1.25 Mar 2.00 Jan 12% 12% 12% 145 23% 23% 24 100 197/s 90 91 140 3% 3% 3% 2,900 39 39 14% 13% 14% 2,525 •2% 2% 100 Paper Inv Ltd com— & preferred 5% Silk 3 Vs Company — — Products class A 26 26 26 50 25 May 30 Jan Canadian Vickers 110 110 1 115 Nov 122 Jan Canadian Western 25 17% 17 17% 210 15% July 22 Jan Canadian Westinghouse • 32 3.1% 32 2,799 29 36 Jan Catelli Food Products Ltd common.:— 7% 38% 38% 40 5,708 9% 9% 315 • — .* 0 47 21% — 47 87 21 21% 1,141 11% 11% 400 Jun 36% Dec 7 43 13 % Jun Aug May 11% Mar __* 19% 26% 27% 650 22% Jun 152 20 142% Sep 19 19% 150 a24 19% 160 152 26% 20 a24 10 11 11 9% 9% 11 100 9% 2,150 8 8 550 * 17 17 250 " 19 16% a22 Jun Feb Ltd — Lumber Co C&l a56 Ltd 407/f> Dec Chatco Steel Products Ltd common 12% Claude Jan 59% Jan 22% 13 Dec Apr Class Advert cl General Neon A__10c Div Stand Consolidated Textile Mills David & Frere, Dominion Engineering Dominion Oilcloth & Linoleum July Donnacona 14 y2 July 19% Jan Eastern 24 Oct East Paper Apr 3 47 May 59% Nov 173 30 Feb 45 Oct 8 Nov 11 Jan • . 1.25 Dec 1.25 Dec 1,650 25 75 a60c 28 30c Aug 65c al5 12 15 May 16 Jan- 18% 18% 5,539 Jun 20% Nov 12% Tl% :.2% 2,260 8 July 12% Jan 12% 12% 25 8 Apr 13 Nov Works Feb 54% Dec 20c Sep 1.00 Sep 30 Nov 42% Dec 4% Aug 7% 13% Jan Nov Products Steel Kootenay Co Ltd- 7% pfd 24% 8,488 15 y4 2,505 10% May 16% Dec Fanny Farmer 21 21 75 17 Feb 22 Nov Federal 51% 49% 51% 660 33 Feb 54 Dec Fleet 21% 21% 21% 1,520 17 Aug 23% Jan Ford a50% a50% 12 50 Aug 52% Apr Foreign Power Sec Corp Ltd com a36 a36 17 27 Jun 40 Jan 35% 36% 1,993 34% Mar 41 Oct 42 42 480 Nov Grain Ltd- Candy Co red Freiman 4%% Go of (A J) preferred 55 393 42 40% 505 36 % July 40% Oct 17V4 343 13% Jun 2"% Jan 5% 6 360 5 Aug 7% Jan 28 May Canada 38 40 75 1.50 1.75 6,220 35%: 35% 38 1.75 1 80 60( 31 Apr July 45 class common.^ A Nov 1.55 Aug 39% 10 10 Va 200 5 % May 12% * 1.35 1.35 1.45 1,800 1.25 Jun 2% • 24% 24% 25V4 1,764 20% Feb * 1 Ltd preferred Ltd 100 1.—5 Shops Inc class A Manufacturing Motor 50 39% 5% 15% 6% Power Ltd 15% Aircraft 55 40% Ltd Co Ltd 23% 44 Nov 4 17% Feb Nov Jan 95 Aug 50c Limitee class B— 9% Jan 40 Jun 3 Jan Mar 24 36 Feb 62 a60c com; 15% * Dec a38 A__■ Consolidated Paper Corp Ltd Jan 7% Jun 24 a4% 45c Preferred Jan 15 12 Jun a3S a38 5 class Sec 29 10% Aug 7% Jun Jun 18% pfd— 160 19% 9 a4% .' 100 Alcohols 8% Jan a22 a56 1.15 al5 B Preferred Commercial 23 Mar 6 ; 26 Nov Oct Jan Jan * a5c a5c 20 10c Nov 25c Mar 100 a5 a5 40 4 Jun 6 Apr 4 9 9 5 9 Oct 9 Oct a91 a91% 10 86 Jun 92% Dec —100 t D,ec 12 ~7 com 110 25 28. 38% Jun , Jan Mar 5 17% Ltd Co Ltd Tr 100 40 preferred 28% 30 100 & Dec 100 26 Vb 100 common- Aug 50 5% 12 • Tramways 20 40 5% 17% —_— 7% 25 40 Canadian Gen Investment&'Ltd Canadian Industries common Montreal Montreal Telegraph Jan 49% • Locomotive 3% 1 22% 49 % • Nov B.* class 47% Mitchell (Robert) Molson Breweries Ltd page Jan 17 * Ltd • • * A commonj_ see 14 Jun Canada & Dominion Sugar 50% May 5 Fatrchild For footnotes Dec 13 1 14% May * Breweries 9 575 A Preferred 25 * ; Ltd 9 17 Butterfly Hosiery Co Ltd 600 ♦ class 9 17 Dec 18% 105 Jan • 5 , 52% a Jan Aug 6% common 18% 105 Feb Dec May 1,200 '250 r Company 52% a — Mar 100 B Brown 18% — 11 8 % 1.85 Ltd._class A_„ Brandram-Henderson Ltd_____^—_. Brewers & Distillers- df -Vancouver 18 170 40c Jun 98% Mar 8% 13% ' 7% 3% Jun 160 1.85 Nov 25% 6 • Apr July 29% I a-167% al67y2 Brand 16 20 16 25 7V8 __ Bickle-Seagraves Ltd Jan Feb 885 18% • 14% 168 15% 29% _ Co 19 19% 15 25% Paper • • 7% 8% Feb McColl-Frontenac Oil National Jan 8 Jun Massey-Harris Montreal Aug 8 11% * Export Corp 15 18 13 % 25 Lewis Bros Ltd Class Aug 55 100 preferred— MacMillan 7 14 375 * Woods preferred 200 625 15% Consolidated Lf.batt 8 16 15% 1914 High 8 15% Fabrics Products; class & Low 8 16 • Ltd— Pr Range'for Year 1949 5 Ltd_«^__ 15 al7 al7% Shares High * Develop --Co 15% 15 of Prices Low Par HIT." 15% * Sales for Week Range Sale Price Jan 165 Funds Week's Last Dec 20 15% Friday 26% Mar 15% 5 common Oct Nov 27% >—10 100 common international Nickel of Canada Public Oct Nov —10 Jun 25 International Paper new common International Petroleum Co Ltd International Power International Dec 38 "'*■ Canadian Jamaica Dec Feb Commerce " 6% 19% Jan Canadienne Jan 100 Coal 37% Jun 17% July Oct Jan 167/8 Apr £1 preferred International Bronze 101 Oct a28% a28'% —25 Jun —. preferred 8% 28 Oct Feb 27 25 6 7o Banks— 24 1,522 x—• common 13% 15 —* common 7% Jan 14% Sep Dec 174 Jan x—* Winnipeg Electric • Smelting Ltd Intercolonial 30 16% Jun 5% Jun 12 15 * Ltd 29 9% Jun 158 480 Oct 20 13% Aug 25 7 1—* common 175 170% 170% 7% * 50 common 5% Feb 100 645 16 100 5% Dec 4,326 31% Imperial Tobacco of Canada common_5 4% preferred 25 6% 99 100 29 V4 20 Class A Imperial 45 100 103 14% 1927—50 preferred & Jan 20% Power Canada • Paper 20% Jan ' pfd Alabastlne Mining Nov 38 110 * Bridge Bay 18% 9% 895 • 5% preferred Goodyear Tire & Rub 4% Howard Oct 50 102 3,095 HI100 preferred Hudson 21 8 '8 3,171 * Bakeries Ltd General Steel Wares common Hamilton Oct Feb 19% 21 100 common & 22 16 20 44% • General Gypsum Lime 15% Mar 103 Class 5% 735 200 9% 21% "• preferred Gatineau Jan 30 8% * __ common Co Dec 25 • 20 pfd—1_25 Canadian Corp of Canada— Foundation 497/8 July 15 29% 20 Products 4.16% 45% —* 12 1 H) 22 Va • • 20% * A preferred Heating Oct 3,615 22 —• 41% • Power Famous Players 25% Jun 25 48% 22 Feb 22% ._„ Corp Estabrooks Jun 24 % -tv-1,——* Co— Canada of Co 21 231/2 common Eddy Paper Co class Nov Steel Atlas Kootenay Nov 51 Standard Chemical common-*-.!^ 44 preferred ~100 Donnacona Paper 4%% preferred—100 Dry den Paper * East Jan 86% Jun Dec * ■ _ 24 Sep 36% 33 • common preferred 7% Oct 70% 365 20 25 B . c 20 379 86 47% Canadian Common 120 % 50 % 86 22 — 4 81 _* class Dominion Tar <fe Chemical 14 50 % ——_ Simpsons class A Southam 14 May 48 com— common-It"—. —tt-".— Sons May 17 24% 50 certificates 575 615 50 y4 com_— Canada common trust (H) Powef & preferred Williams Apr 13 % 28% 86% -1 — Oct 13 14% 5t Lawrence Paper 1st preferred—— -99 Jan 27 14 % 27 , ,. Flour Sep 14% 43% • common preferred 2nd Oct Apr 45 Va • Saguenay Power 4%% St Dec 27% 173% a56 45% —1 Power nawrence 42 Jan 45 % —* —• Paper common— Royalite Oil Ltd 1st Jan 7.5 145 Rolland St Dec 18 20% 42 26% —— Ltd 167 42 26 y4 Oo„ Co Sep * common & 5 Nov 24 240 _20 _H Stores r_——— 100 Feb 23 69% Dec 120 22% • common Coal May 19% 2,110 8% . • preferred & Jun 49 1,165 ' * Foundries 20 1,835 21 Jan Power!.———* & Provincial Transport • Dominion 75 68 al72 21 Nov 23% 23 22% I. 31% preferredIIIHIl25 6% 23 67 67% • preferred * Coal 23 —--I— common Dec 9 12 20% _——— Ltd High Feb 31% ♦ Bridge Dominion May * Seagrams Dominion Dominion Steel 11 5 ; __ Dominion 1,745 1,800 ,—* 6 10% May 16% Jun Imperial Co Leather Co Ltd class A Class B Ltd Price Bros Jan 903 16% 20% Product* Power Corp of Dec 12% 15% 19% River Nov 17% 12 16% 20% Gorp— Development Dec Jun 12 * & Jan 11% Jan Jun 20 j, Consolidated Mining & Smelting Consumers Glass Dominion 8% 16% 17% 25 Cardy Corp class A Cockshutt Plow Cork 24 60 Placer 5% 315 8% ♦ Locomotive Canadian 33 • B Canadian Distillers 33 33 11% Light Heat Feb class A 11% Powell Nov 14 Va Jun 9Va * Canadian 1% 23 y8 23'/a 11% 25 ; Converters CJass B Davis Dec 11% preferred Penmans Feb Nov 25 29% 25 series Canadian Crown 37% 24% * • common common preferred Class Nov Jun July 20 Foundry Class A $1.75 19 40 Mills Steel Range for Year 1949 Low a9 Page-Hersey Tubes July 12 8% Breweries Canadian 7% Ottawa Dec Jun Canadian Canners Sep 10 Canadian common 35% 27 15 16% Sep Nov 7 Aug May 21% 437 12% 14% _100 common 4'4 27 35% 5 common 28% Feb Shares High a8% Weaving Mines Ontario Jan 24% 765 • Canada Canadian Oct LOW a8% ' Jan 12 975 3 Jun 17% May 2,415 27% A—• Dredging Cement 26% 26% 77 26% Sep Par common__5 Car Flour 2nd Ltd Gold 26 y2 26% • Forest Products 61 21 6,688 6,478 25 $1.30 preferred Canada Northern 5% Nov ♦ Co Building Products Canada Jan 27 • Power & Oil common Columbia Bruck 61% Jan • 25 Bank British Columbia Bulolo Jun 25 y2 10 Preferred British 41 305 class A Light American British American 1,145 Paper class A Telephone British 56% 26% • ; & Nov 55% 26% 100 Asbestos Corp Power 14% Oct 56 % 26 % • pfd Argus Corp Ltd common 4%% preferred Bathurst 12% Dec Jan 9 ^20 piu 4% % Ashdown Hardware 24% Apr 50 cttouan Tel 14% Noranda Sales for Week Range of Prices ———5 Wire Ogllvie Nov * r oj 8 23 Ya Jun 19"% 225 ALgoma High Jun f) Chemical & Steer Niagara 23% Nov 9% May 16 180 25 • Agnew-Surpass Shoe Naiuvhm Range for Year 1919 Shares 22% 22 • common $1.50 Drug Preferred for Week Range Sale Price National Sales Week'# Week's Last Sale Price Otu«u fudl Friday Monday, January 23, 1950 MARKETS WEEK ENDED JANUARY FOR CHRONICLE 1 Volume 171 Number 4875 THE COMMERCIAL & FINANCIAL CHRONICLE (391) CANADIAN RANGE Friday Week's Range Par Hinde & Dauch com Lambert coip Inc_— Loblaw Groceterias Macnaren Maple power Co <sc rapei class Conjuration Royal pfd. - Lt Pr « C partie Co 200 12 27% May 22 A Dec 32 39 % Jan 37 28% Class 18 ' of . A Ltd bake - 19 Guia Mines ZZ 18% Jan 25c 108 a87/s ZZ Jan 14% Dec Oct 65c 9 Jan 16% 5 27 1,040 49 13 50 10 50 200 55 15 Ltd- 330 Shore 5c 16 Jan Pfd -—25 • • 1 —_ * 1 . common Warrants • Gold 16c Jun 27%c Jan 14% 2,030 12% Oct 14 A Nov 56% 597 40% Jun 61% 26% Ashdown Hardware class 25c Sep 65c 9c 10c 7,000 7-'Ac Nov 20c 57c 65c 63.000 16c Jun 68c 4.50 4.30 4.55 11,300 9.70 9.70 23c : 23;% c — — 3%c 3 V2 c 14c 13c 19 %c Yellowknife Gold __ Electric Auto Fabric _ Feb 4c 4c 4c 5c 5c 10,400 63c 63c 500 6%c 6%c 39c 15Ac Jan May 6c Sep 25c Jun Jun 34'/2 Sep Jan 103 103 Va 2) Sep 104'A Jun 38c Feb 100 — . — 1 II,600 2,200 3.00 Jun 5'/a 5% 25 4'A Dec 7% 7'/a 7% 85 5% July 21c 22'Ac 11,850 16%c Jan Dec c 5.40 I 78c D,ec 11c May 1.93 Nov 2.65 Dec 8.75 May 15c Nov 12'A Jan 30c Nov Brewers & 87c Dec British 13% 700 11% Jan 16% 3'Ac 5.000 Sep 4%A 3c Jun 6 Ac Jan 17c British 1,500 8c 1 Ltd 70c Broulan Porcupine Bruek Mills class B 51 400 1,700 1.99 1.90 2.00 5c 5c Jan Nov 13% Nov Dec 1.00 Jun 18c Jun 1.72 2,600 68% Jun 8'A 70c 30,600 Jun 1.45 Jun 1.17 Sep 2.32 Jun 33c 3.70 2.50 Sep 4c Jun 11c 1,300 Sep 15c Nov 67c Jan 10,500 2c 91c t.'JO July ?,4G0 70c Nov 2%c 1.08 1,000 18c 6 'A c 70c 2%c Nov 500 2c Oct 7c Feb 1.08 3c 1.09 1,700 19% 19'A 350 3c 70c Sep. 11'A Jun 8%c Nov 1.20 Aug 22 Dec 3c 1,000 2c Oct 10c 9c 4c 13c Feb 67,500 6c Jun 12'Ac ll%c 14c 12 %c Jan II,600 1.97 1.95 2.20 17,425 a32c a32c 200 , 74c ; _ Ltd 1 —1 Ltd 1 2.42 1 25c Mar 41c Jun. Ac 300 2.85 3,200 1.35 4,600 1.30 May 1.24 2.55 35,780 12c 70c 9.10 9.10 4'Ac , 1.36 63 %c , 5c 1,867 May 6 10'Ac 64c 3,400 Jun 1.25 May 20c 6'Ac 2.40 1-33 * Ltd 60c 5Vac 1 2.75 a 2.83 1 75c 56c — 1 1 ,, Ltd 5'Ac 3,000 , 88,250 100 27,000 3e May 74c Apr Jun 7Ac Dec 42c May 16Ac Oct 3.35 Ltd 1 Ltd 4.30 Jan 98c Sep 63c Oct 2.35 Dec 2.75. Nov 1.34 May 73c Jan 1.^8 15 Feb 3c Feb 10c Jan Co Oils Ltd 1 Ltd 90c Omnitrans Exploration Petroleums Western Oils * Ltd —4 Ltd— .1 Ltd * South Brazeau Petroleums Ltd— 4 footnotes see page S8. 1,200 2.90 Jun 23c 7.85 1,100 56c 58c 3,500 30c Aug 1.42 400 70c May 12,000 30c 40c 41'Ac 1,000 16 25% 7'/a A 13'A 40 8.00 100 13 A 40 'A 20c 3.85 5.30 Jan July 36 Ac Feb Jun 8.95 Dec 55c 1.65 Nov Jan 3 A July 480 8.00 II,000 4'Ac Ac 20,525 6% 6'A 7 90 15 15 16 135 12% 13 5.00 20 28c 175 51 13,c 39c 13 c 4 52 90 ] 3c 8,600 Dec 32c 6% Dec 14'A Nov Feb 38% 4.03 Mar July 12 7,457 27c 43% Jan Mar Sep 9.15 55c Oct Apr 17 May 18 Oct 18c May 36c Sep 16c Jan 3'Ac Dec 6'/a July , 15 "Sep - 9% 46 Jun Jun 10'Ac May Feb 9 19A Jan 14 Oct 54 Sep May 25c 39c 42c 8,500 11c May 76c Oct 2 Ac 2 Ac 503 2c Apr 14c 16c 6,000 8c July May 4c 14c 22c 3c 2%c 3c Nov 5%c Jan 20c 14,000 5,066 2c 20,c 14c Dec 45c Apr 11 Nov 5 9.60 35c 9.75 2,015 40c 300 19% 20'a 10,897 125 20 16 'A 125 20 16'A 8.25 Mar Sep 20c Nov 1,25 Jan 17% Jun 21'A Sep 100 Sep 125 Nov 17 Nov 17 445 26% 26% 27 "A 2.525 22 Mar 27 Dec 26% 26% 27'A 1,055 24 July 27 Dec 4% pfd 90 91 100 90 100 101% —4 A_— 3 11 — Power class A 4 — * " 6 28 27% 24c 13% July 85 3 86 July 71 101 101 A • — 97 May 101% Jan 2'A Aug 3»A Dec 825 11'/a 145 6 'A 410 28'A 2,025 10 5 'A Jun 13 Jan 7 July May 25 Jun Dec 91 28% Oct 22c 24c .13,385 17c Dec 37c 1 51c 50c 52c 15,900 30c Jun 63c Oct 4 — 7 A 7A 7 A 245 7 Nov 25c Sep 4% Aug Feb Buffadison Gold 1 18c Buffalo 17,600 1 2.05 2.01 2.10 1,000 Jun 3.05 • 9'Ac 9Ac 9Ac 500 8c Dec 20c Feb 5c 5c 5c 16,500 5c Ncv 9 Ac Jan 30'A 31'A 585 July 35 A 14 A Sep 14% 125 12 V* July 14% Dec 30 30 50 24 Aug 30 Dec 12 A Jun 19% Dec 6% Jun 8'A Ankerite Buffalo Canadian Buffalo Red Lake 1 Building Products Burlington Steel Burns & Cc • class A Linen Flin Flon 270 7c 7c 1,000 16'A 16 A 7c 50 Stone 4Ac Jun 9%c Aug 30c 60c 55c 51 Ac 58c 28,950 3.00 3.00 3.05 1,850 2% 2% 2% 140 Lines common Preferred Canadian Bank of Commerce Canadian Breweries Aug 59c 1.56 89 Ac Feb 2.39 1.30 Nov >200 75c Sep 1.42 Oct 1st 1.18 500 72c Sep 1.22 Oct Convertible Nov 3.75 Mar 3'A Sep 35 36 A 2,933 22 Jun 39 Dec 29 'A 175 27 Jun 30 Feb Sep 12'A Nov 13 13 100 6 325 6 Dec 12 400 10 Aug 7 7 30 49 A 49 50 190 12'A 12 % 12% * 35 A 351/2 35'/a 23% 21 23% 2,950 199 199 25 14% 16% 593 34 3 6'/a 1,105 100 4 11 5% 11% 16 36 A 340 , 10 4% July 43 8% 29 Jun 31A Dec Dec 6'A Mar 53 Nov Jun 12 A Dec Jun 37 14% July 187 A Mar 12 6 11A Jun Nov 20% 198 15 A 37 A Dec Oct Dec Sep Sep 4 82 81 82 65 May 83 32 31Va 32 168 24% Jan 32 Dec 10 25 A 25 Va 26 990 22 A Feb 26 A Nov 4 22% 22 ya 23 2,131 19 Jun 24% Nov 79 May Oct 2,800 1.30 Jan 4 — 1.18 Aug 2% July 29 y4 50 Canada Wire & Cable class A 1.40 2.70 Jun 35 4 •— Class B 1.18 3.75 29 'A 4 A Canada Permanent Mortgage-— B Dec 3,115 12,000 ——* Power class Sep 8.95 8.10 6'Ac 4 Malting Packers 18 7.60 4 Machinery Northern Sep Aug 5'Ac 4 Canada 14c 8.10 4 common Canada 16 Jan Jun * Class A Canada 5 Ac Jan 20 1—- Crushed 27 Jun 6'Ac ,_4 , Cement common Foils 1.60 • 1 Preferred Canada 10c • — — common Canada Class 15 7% 1 Bread Canada 17 A 7 A 4 Campbell Red Lake Canada 17 A 7% 1 2nd Calmont Oils Canada 17 A _* preferredEdmonton Calgary & Callinan Ac 4 Bousquet Caldwell 14% 15 4 — Burrard class A Calder 15 Ac * Class B 1.42 12% 2.00 5'Ac 4.80 12 A 2.00 5 Ac 12% 3,035 8.50 Canadian Jun^ 14 Nov 2.00 500 Class 1.20 Feb 2.60 6 Ac Apr 31,000 Canadian 3'Ac Jun 9c Nov 1,700 2.10 Feb 4.85 22c 18c 22c 1,000 9%c May 25c 10c 10 Ac Apr 7,000 10c 22c 47c Jan 47c 47%c 3,500 40c Canners Dec Dec 4.70 43c Dec Dec 4 20 A 20 20% 5,399 13A Jan 21 Oct 20 22.95 22% 22.95 7,555 22% Dec 25 Mt>r 20 A common preferred Canadian Car 4.45 4 Superior Oils Ltd 4.55 1.42 commmon—* * Jan Jun 23c Oil A Dec 15c 6.90 7.75 58c —4 Company Ltd—_—___4 Gaspe Oil Ventures Ltd_: —1 Sep 42c Class B Canada SS * British Dominion Oil & Dev Corp——* Calgary & Edmonton Corp Ltd— * Ltd Jan 18c 1 Ltd Anglo-Canadian Oil Co Dec 5'Ac 5'Ac Sep Jun • Dominion Oil 100 Jan 14'A 17'A 4 VaC Products Packers Columbia 45c 4 Columbia British 330 65c 30 365 100 — Forest British Jan 1 Ltd Electric Dec 1.20 _1 Ltd British Jun 14 25% 28c common preferred Columbia Aug 2.75 1 Columbia 3.55 50c Ltd Ltd May Jan British 3.15 1.20 1 — Oil Jan 39c —4 ; Ltd 45c Jan 20c Dec 25 American Jan 2.70 . 1 Ltd—-.— (1944) 1.40 May 19c I,600 9,200 Oct 14 8,800 Jan 2.75 44c _1 Co 6.25 2.12 2.73 1 Ltd Jan 100 68c 30c 28c 44c com_* Preferred 2.85 200 a66 1.06 May 18'A : 15,300 1 Mines Jun Pwr —— 64c 66c 1.39 Dec * & Distillers 3.20 65'A Dec 55c 40c A Light 2.95 * , 26c class Traction 56c al2'A a!2'A 84c 2,800 I 3.20 a 12.250 60c • 2.95 66c 1.27 50 Preferred 16c 12'A 40 56c * Millen & Brazilian 3'Ac Ltd Mines Petroleums Brand 13'A . Jan 7'A 13 1 4'Ac 1 a 3 5'A 18 'A Bralorne Mines Jun * 275 40 A 1 Sep 72c 1 39% Jan 1 Jan 300 5 Dec 25 A 1 4c , Oct 39% 1.21 _4 common , 14c 1.33 Ltd Oils Jan 1.33 Ltd Corp* Nov 34 A July 42c *" 32c 360 __4 — Feb 11c 18'A —i_ 11— Feb 28 'A 1 — Sep 5% 10 Jun 4 Gold 4.10 Jun 1 Bordulac 1 — A class A Jan 4'Ac 14 • Jun Nov 25 28 Ac _4 Gold Dec 200 Ltd 60c Mines Bonetal Gold 3,100 1 1.24 1 Preferred 77c ,— 39% 39% * common Dec 21c 56c 33% 39% May 14c 500 39 'A 10c 2,620 Bobjo 4.90 Ltd Ltd Mines Hats Ribbon May II,472 1 6c 27 A 1 preferred 5c Oil Stocks— Leduc Feb A Blue lAc 24c 22c 6c 4 - 103 %'c 22 Ac Dec 1.40 12% 3.30 12c 13 27'A A 14 Dec 3.20 27% ' ' May 6% 5 % 1 — 10% May 50c 3-25 1 1,000 375 Dec 25c Gold 4.000 4,000 70c 10 class Sons 4c 3,500 Oct 11'Ac 25 9c 3.20 50c Jun L 4c 5'Ac Sep 35,850 May Jun 6c 4 7'Ac 10'A 15c 8u Boycon Pershing Boymar 5c 30c Jan 10 Kirkland BiUtmore 73 c Amulet Mines Ltd Oils Sep 90'Ac Oct Nov 1.65 Dec 22 1 Mines Mines 1,000 2,000 9g 32c May 4.75 Ltd Asbestos Corp Bidgood 1.20 Ltd—,_1 — Mines Bevcourt 18 c 18'Ac 3.05 Jan 8c Mar 6c — — Oct 54c 10'A 8c 2,500 . • Power & Jan 15'A 5 117.70(1 Mar 54c 8'Ac 29 c Jan Oct 7% 4,o0j a Mining Bertram 3'Ac Mar 6,200 25c Jun 4 500 Ltd Jan 7c 10c 38c Sep 5'A 13c Ltd Jan 16c 500 9,400 10c 10 3c 13 Nov 325 13,000 200 6%C ._ Belleterre Quebec Berens River Sep 21c 4.90 410 20c 6c Scotia Jan Nov 18% 7'Ac 23c 48j 3 A Bros 4c 18 7'Ac 15c May I.135 Telephone —1 Co Steep Rock Iron Mines Ltd Mines Eeatty 85c 2,000 JuLy 152,300 E 3Ac 21c 1 Ltd Ltd Mines 7'Ac 5c 10c 8 % 1 39c Jun lAc July 3 Ac July 500 5c 7,000 59,800 1.70 _ &, Innes class A Class 1 Gold Mines 2,000 C3c 1 Ltd Mines 5c 15,500 1 Santiago Mines Ltd Mines Bates Mar 13,000 Co Bathurst July Jan Aug 15c 22c 14 % . class -Metals 19c Aug 7%c 7% 7% 1 common Mines 9 Ac May 5c 4 Gold Base Jan 70c 8 Mines Barymin Jan 25c Mining Corp Ltd Cons Dec Mar 1 _— Mines Mines 1.35 65c 5c 1 scadacona Barnat 76,500 37c Ltd— Mines Sladen-Malartic Feb 22 Ac Feb 3c May 7,003 14 Toronto 9c 10% 3,900 4%c 8.65 Mar 1.53 . Auto of 10c 13%c Ltd Gold 6%c 4.60 Labrador Develop Co Ltd Manganese Mines Ltd- Sherritt-Gordon Jun 37c .• _. Corp Gold Nov 20Ac 3c 203 Jan 8 - Bank Nov Jan 5.30 1.60 1 preferred.——. Dec Jan 1 Gold 1.00 2,000 3Ac Jan Jun 25c 7% 10 : 36Ac Feb 69c 2.85 60 c A - & Nova Jun 1 Crest 500 29c 4.60 Ltd——, Mining Co Quemorit 1.24 6'Ac Nov 5,000 9c Yellowknife Aubelle Mines Bonville Mines Mines Gold 4 c. 3c 62c 63c • of July 1 Mines Manitou May 6 Ac Sep 56c • Bank 3c 3c 27c 57 %c Montreal 4c Pitt (aeueenston 15c 1 Ltd- Dredging Quebec 500 —1 - Ltd Quebec 13c 3C 10'Ac Dec Jun 10c 10 %c Steels of 10c 10%c 27 12c 10 %c Atlas Bank 2,000 • 25'A May 14,000 —1 . Bankfield Consolidated 2,700 O'Brien Gold Mines Ltd Gold Oct 2,000 130 18c 60c 60c 26% 11'/*c Ascot Metals Corp Feb 28,500 —1 Ltd— & Mining 50c 5c 1 Ltd Fields Calumet 39.900 Jan 26 16c — 27c Jan 15c Co__1 Ltd Mines Goldvue Normetal 60c Apr 1 3c / Jan 14 — Armistice Ault Feb 9'A J .in 55 % 19 %c - _ Corp Atlas 7% 8c 11c Mines Argus e 4'Ac Nov 56 * 65c Jun 4'Ac __1 Mclntyre-Porcupine Mines For Area Aunor 15c Mines_l Mining Mining Corp of Canada Ltd Pan I,500 Resources Nov 1.50 Mar 4'Ac Lake Gold Mines— ———1 Cons Oct 28c ___1 — Mines Gold 2c 17%c 1.24 28c 1 Cadillac Goldiieids Red Malartic I,700 4c 1 Mines Mines 142,550 3c 13c 1 Ltd Gold 64c 54'Ac 1 Macdonald Mines Ltd Pacific 23 %e 23 lac 23 ',4 • — Wiborg Aumaque 1 Ltd Ltd- Mining Louvicourt Okalta 85c 1 Porcupine Feb 1 — Exnlor O'l Consol Aquarius Bell Gold Dufault U«me Jun Oil Anglo-Huronian Dec 51% 12'/2 May 55c 57c 1 — . Labrador Class Canada Canadian 21 Feb 3c 4 Ltd General 55c Nepheline Bagamac 64c r__l _J. 1 —, (1945) Cons Dalhoutie 5,300 Amalgamated Larder 55 Feb 1.00 Oct 25% Dec July Sep 35,A Dec 30 Aug July 19 25 al.00 5 B0 80c Atlantic Oil 52'A 14% 1 Joliet-Quebec Mines Central May C 50 9 77c Mar 15c 425 al.00 Ltd—— Mines Mines Mines Calmont Oct 46c D 15'A 118 Jan 8 300 % Jun 41c 13 ' * Mines Ltd- Manitou Westville Jun 52'A 4 Mines Hollmger United 15 a29'A a29'A 27'A 28'A i__: Ltd Ltd Mines Goldbeam Waite 558 15 « Ltd Ltd Mines Gold Gold Trebor July a8 1 Mines Sullivan Torbrit Feb 16 20c __ 1 Sullivan 54 Apr 450 4 Standard Jun 14 14'A Ltd Gold Siscoe .51 151 8% _ 99 14% Apex Mar 100 2,516 _ 45 0 of Jan 20'A 120 14 9 103% 103% IZIZi - Anglo Rouyn Mines 15 19'A 11.000 _ Co Jun 111 Oct 6c 1 53% 114 Dulama Gold Mines Ltd_ Red Apr 43c , Duquesne Mines Rochette Jun 104 113 Duvay Quebec 15 18 18'A _100 Ltd—L— central Mines Quebec 100 42c • Gold Consolidated New 15 104 5%e * # Mar Jan July 4,195 American Yellowknife 7 23 50c Anacon Lead 26,A Jun 48c Jan Jun Dec 110 14 4 — Consolidated New 4 25% Nov 19% 6c Dee 15 —50 Cortez Explorations Ltd— Cournor Mining Co Ltd Nechi 100 Nov 23'/» 49c _ Anglo High 23'A Jun 103% Ltd Aluminum Low 9% May 16 1 — 12 53'A _4 — Mining Corp Madsen 26 74 J 18% Dec May Apr 9% Feb 800 113 ' preferred Mines Mines Lingside 6'A 25 20 A 16 A 15 -4 A Cartier-Malartic Gold Mines Ltd Centremaque Gold Mines Ltd_ Lake 15 A 43c . Lake 27'A Feb 9% Jan 24% —— Algoma Steel Aluminium Arjon Gold Mines Ltd Golden Jan Jan 78% Nov Apr A May 110 * Ltd Candego Mines Ltd Jaculet 22 V4 a20e Mar 15 60 100 Mining Corp Ltd Bouscadillac Fontana Jun Jan 150 ♦___ Corp Mines Metals Sol 18'A 11 4 —, Gold Bordulac El 8 26 » Aumaque Gold Mines band-ore Eldona 26 340 10'A 4 East 100 9'A a20'A a20'A 4 Donalda 65 26'A 9 12% a20c 24% Stocks— Metals Dome Akaitcho Yellowknife Alberta Pacific Cons 49 3,995 rlTr Jan 735 22% . Nov 180 22% Mines Oil !2:A 18 18'A & 99 A 26'/a preferred—1„50 - Inv Mines Century Uranium Gas Dec 77 3.040 22% ZIlOO Feb a20c 22% Range for Year 1910 High 21% • Preferred Aug 1.25 Sep Shares Low 22 Acadia-Atlantic class A Acme for Week * common preferred 50c 50 2,100 9'A 1st pfd:. 100 Anacon Lead Mines buuzan May Jan Sales Range of Prices —20 Paper 10% 11 ,.20 Arno bob s 8 $1.50 & Agucw-Surpass 1.05 4 class Grain Co Windsor Hotel Ltd Base Jaa Dec Power 92 6% Products Ltd Barnat II 2ft Par Abltlbl 30 17% * cum 97 6 76'A 4 common Canada Western Ascot 8 May 23% Aug a20c 77 4 com ; Securities Ltd Mining 500 11 __10 Ltd B United 7 Aug Week's Last Sale Price American Paving & Materials Ltd Fuel Westeel 270 1.00 1.00 —_4 7pfd Ltd coporatioas United 100 28% 97 25 Ltd Co 2nd (Cam Gas 230 9'A _Z Transvision-Tclevision (Cam Ltd—__4 Twin City Rapid Transit^—4 Union 37 9'/a 27% * Southern Canada Pr 6% pfd Southmont Invest Co Ltd— U lined STOCKS— Oct 515 5 Industries Ltd standard 9'A 10 — Manufacturing Rcitmans Sep 3% Aug 31'A 1. • Mills Paul Service Stores Ltd Power Corp of Can 60/ Russell Friday Nov-1, 15-% 10 nta Rice sseOiia N 16¥a Oct 214 July 7V2 Jun 9 >--100 i. Nuclear Enterprises Ltd Orange Crush Ltd &% Aug 14 31'A pfd—20 Newfoundland Light & Power Paton 15 2 825 4 4pfd laa preferred i»uva 55 14 3'A Exchange Gaaadlaa Vuli Jan Acadia Canaua Mount 16 14 6% Minnesota & Ontario Paper Montreal Island Power Co Moore Jun • Oil Distilleries Ltd 6^ 01 9% 3'A -• Ltd McColl-Proatenac Melchcrs 17 Toronto Slock MigA 4 A <Jo_, Milling Co Ltd Ma&sey-Harris Co 6'AOo conv win,* 17 Low 1 Ltd 20 Range for Year 1949 200 14 * Leaf Maxwell Shares IUgh 14% 31/2 4 oeour (Alfred) Prices 14'/a 14%, * Hotel de LaSalle Inc ayaro-iiieccric ot Low • Paper' Co. Ltd MARKETS JANUARY for Week Sale Price Great Lakes Paper Co Ltd ENDED Sales Last STOCKS:- LISTED FOR WEEK 20% 20% 1,685 13'A Jun 21 No.v 9'A Jun 14A Jan preferred common —4 A 11% 11% 11% 100 20 Celanese common New preferred Canadian Dredge ; Canadian Food Products Class A Preferred 15 14% 15 490 13 Jun 17 4 30'/a 29% 30% 740 19 Jun 29% Jan 'f'-'r Dec 23 23 % 200 20 Aug 24 Dec 28'A Jan —25 4 common 24 % 25 130 18'A Jun 4 5% 5% 159 4% Jun 8% 4 11% 11% 65 8% Jun 13'A Jan 67% 67% 20 Oct 77 Feb 100 67'A 61 Oct 35 36 THE (392) & COMMERCIAL Monday,-January 23, 1950 FINANCIAL CHRONICLE LISTED MARKETS CANADIAN WEEK ENDED JANUARY 20 RANGE FOR Week's Friday Last STOCKS— • Malartic Canadian Oils Canadian 8% Cariboo Corp Chatco Chimo —__ 152 5 141 Apr 9.699 11 May 17% Dec 17% 100 22 Jan 30 % DCS 31 102 10 11% Jun Dec 102 17% Graham 300 23 Va 26 Oct Great Mines 27% July 28% Oct 3%c July 13 %c % 12 14 % 2,125 75c 82c 34,400 8% Lebel Mining Cosmos Imperial Leather 4c 12% 13 % 2.255 1 16 %c 31c 39c 217,490 2%c July 1.75 Mar Dec 1.00 Lime Brass Gold Mines 47c Nov Harding .25% Jan Harricana Headway Red Lake 1 1 8,000 3%c Dec 8c Sep 64c Jun 1.50 7% 600 5 Jun 6Va Jan 1.42 1.60 Nov Heva Gold 1.32 Aug 200 1.25 Aug Gold Mines 3,200 85c Jun 14,800' 8c Nov 20c Sep 6%c Dec 7% Jun 38c Feb Sep Hinde & Oct 1.25 Apr 42c 2,100 4c Dec 12c 500 Dec 72c Dec 5c July 35c Nov 60c 60c 3,666 23c- 19c 101 % 1.920 1.50 1.75 500 Detta 160% 163 1.12 1.17 910 76c Jun 14% 14% 375 13% Aug 16 22c 22c 1,250 10c Jun 31c Distillers Hugh Smith Bay Mining <si Smelting Sep Jan Indian 40c Feb 72c Sep Industrial 52 Jan 50 275 45Va Mar 7Vac 12c 5,000 31c 34c 14.400 5%c 380 8% 25 Vac 14 %c 2.500 Jun 17c Jun 43c Jan Aug 24 common , ! — Acceptance (John) 13 60c ■ Dominion 20 International Feb 33 c Jun 10c 1.20 Oct 1.9C Jan Dominion class May 54c Sep 34 Vac 42c 139,300 20% 21% 20c Jun 38c Sep 2,075 19* 14% Jun 21%, Dec 2,625 15% Jan 22 Sep 24 Va Apr 28% Aug 9 Feb 27% 7% 25 7% 20 20 38 18 % Apr 22 13 109 7% Aug 9 Feb 27% 28% 20 20 Investment Scottish Dominion Steel class Chemical common & vtc Preferred Jaculet Joburke Gold Joliet Donnell & Gold Dulama Feb 35 % Oct 20 Aug 26 Va Mines 21% 22% 24 26% East Malartic East Sullivan East 22 % 9,610 16% Feb 24 Nov 14% 147.. 885 13% Mar 15 Nov 7 % 20 7 Vi % May 23 Dec 26 % 25 3%c 3 Vac 2,100 29 Vi 30 % 103 9% 10 765 26 9% 47c 42c £_• Jan 7% Dec 26 % Dec 16 400 16 % 24% Jan 675 26 16% — Nov 17% Jan May 8c Sep 31% Dec Sep 10 % Dec Jun 54c Jan Va 6 3c 20% Mar 7% 8,000 30c 27 Dec 16 Aug 20 Feb 185 27% . 4 105 4% 17% 27% Feb 7% 50 4% 17 VB — 21% July 99% Mar 29 Dec 103 30 103 Nov 32 31% 32 3.970 29 Jun 36 Jan 9 % 9 Vi .9% 1,516 7 Jun 13 Jan 1.05 1.05 100 6c 6%c 3.000 18c 20c 102 . — 1.05 Oct 3%c May 2,500. 9c 24c 1.3o Sop .t13c July* Sep 23c Dec 30c Nov 16,494 21c 22c 1,400 5%c 21c 1 5 %c 1,633 10 Vic 12c 19.750 10c 70 c 78c 62,750 26c 21c 11c 70c Oct 6c 4 V4C Mar 8c Sep Dec 28c Sep Jun 87c Dec 4c 5c 1,500 4c Oct 14c Jan %c 9c 21,750 Cc Nov 23c Jan 45% 46 % 260 Feb 34 Dec 5c 5 Vic 4,000 4%c Dec 18% 18% 2,162 14 3%C 3%c 10,000 1.30 1.36 10,000 14c 1.000 6 5c 1 18% . 1.32 1 14c 14c • 20 19% 1 Nov Labatt (John) Labrador Mining & Exploration Sep May 170 Aug 100 9 9 25 17c 19c 50,500 7c 7c 8C 11 V4c 12c 10% 167 26c 26 Vic 9% 35c Jan 13% Dec Oct 92c May Mar Dec 12 14c Dec 25c Feb 73.500 5c Jun 17c Jan 8,400 7c July 16c 4.75 26 13c Feb Jan Sep Jun 3c 19% 10c Gold Laguerre Lake Ltd Jan 1.19 Jun 1.85 Sep 5c July 10 %c Jan 38c 605 20 4.75 4.95 1,855 4%c — 4%c 8,500 22c Aug Aug 23% Jan 2.85 May 6.50 Jan 11c May 19 Jun 2% 7 Sep May 1.45 Jan 2'/aC Dec GViiC Dec 64c Jan 12c Sep 17 % Sep 65c' 1 Ling man — (1945) — 1.23 1.20 1.34 132 900 * Gold Fortune Lake Lake Rowan 1 —__— Mines Dufault , 3%c 3 Vi c 4%c 10,000 3 1 36c 36c 40c 7,900 30c Jun 6c 5%c 6 %C 2.800 5 %c Dec 13 % 13% 1,830 10% Jan 34c Jan 60c Sep Jun 2.85 Aug Sep 3,5256 5 Vic 5 Vic 26 Vac — Mai- 9.000 9Vi 19c 2.20 2.15 2.29 13.200 4.60 4.5-5 4.90 38,375 1.62 6 450 4Vi 15% 105 Mines—— 1 Lake Was a Mining 1 58c 57c 60c 39,900 • 2.30 2.25 2.40 360 1 1 4%c 4%c 5c 4%c La Mines Luz Jan Cadillac Lapaska Mines Sep Larder Dec 7% Aug 15% Shore 5.40 Jun 5% Lake 3.25 Jun 1.83 May 1 Mines Oct 22 14% 1 May 1 Mines 32 V4 22% 1 27 16,600 5%c Feb 1 Gate—: 12 57c * Jan 27 Va 46 Vi Ken-Addison Apr 10% 1 „■ 6c 530 9c — Aug 53c ___* Leduc Jun 31% ——-* Kelvinator Kenville Gold 19% 17c Amplii East 2c 31 * 20 * East Crest Oil Jan 55 1 — 100 10% 1 Jan 57 8,500 1 Mines Mining Mines Kelove 935 ■ 5 Ltd—! 39c Jun Dec 150 Duvay Gold Mines Jun 38% 3c 1 Kirkland Townsite 21% 12 A__. 23 %c 1.492 24 _1 Lake 225 * class 4,000 2c _ 1 Kirkland 1,265 1 Mudge — — Quebec Kayrand 1 Dec 19% Jun 8,866 175 Woollens Oct 30c 47% 26c 46% _50c , (1939) Golden 36 175 Mines Donalda 45 1 _ Mines Lake Dominion Oct 45 • Ltd Mines Jellicoe Kirkland 27 11% 11% 25 — • Oct 5 26 % * . Dec 26% 21% ._ common Nov 101 Oct 3 Oct 25 22 34 100 Textile Dominion 100% Nov 29V4 Jun Nov % 20% 35 % * i._—. 22% 24 13% 21% 23% Preferred Common 50 260 25 B__: — 30 5 • Coal & Dominion Stores 1 com—_ 962 I 101% 101% 5 Feb 49 * Gold Jacpla Mines Mar 13 5 Feb 32c Dec 27 101% 11 Vic Oct ' 7% 100 Jun 9c ' 170 * 4c 24 _ • Jack Waite Mining common Jan 4,50(1 156,500 " A Mines,— 27c — Dominion Tar Mountain Island 4,000 % 12 % 5c — 47% 100 34c 27 19% Jan 15c 49 1 Petroleum International 33c 18 y4 Dec 5c 49 International Nickel Co common Metals Jacknife 6c May 7%c 9c —25 Jan 9% Aug * Preferred Jan _6 _1 Preferred Jan common— Malting 13c — Co— & 15c , 9c Dec 6% 500 Oct 7 Vic International Bronze Powders cbm_ 5,700 67c Dec 13Vic common Mining Inspiration Oct 16c 23% 65c Mar 25 25 Lake Inglis Feb 14C Jun 7c 1,500 7c 10c Sep July 6c £1 picferred Imperial Varnish 30c 56c 17c 50c 100 Preferred Dec 49% 6c 900 15,000 Bank Oil 15c 1,000 6,500 60c 8%c " 20%. paid— Dec 6% Oct 8c Jun 7c 1 Erie & 1.200 66c * Feb Jan 60c 0 Jun & Steel 59c 8c 10 • Imperial Tobacco of Canada ordinary_5 Nov 35 Fabrics 21c 12 7%c .50 preferred Malartic Imperial Imperial Jan 1.45 10 Dominion Foundry 2,000 8.75 May Mining Huron , Dominion 28c 2.475 5c common, Apr 27c 10% 17.000 Preferred Jan 8V4C 10% 2,500 1 Dairies Dominion 83c ■ . 1 6%c Bank Dominion Jun 3%c Sep 10%. 16c 8% * 35c 5,000 1 Mines 6c Mines Ltd—. Dome 1,933 4c 5 7% 34c 39c 21 18% 45c 4c 4c Consol 7% 56c 1 Nov Yellowknife 15c 2 10V4C Sep 15% Sep 1.70 . July 6%c __1 Seagrams 5c 9 100 1.70 Yellowknife Discovery 1,610 10,900 500 1 Lake Red Oct 11 7%c * _ 4% 5% 23 Lake Red Dexter 38c 16% Hudson Dec 164 148% Mar 162 " Mar Feb 2% Oct 1.00 1.12 14% 1 Feb Dec 15c 7%c Gold Hoylc Jan 123 Jun 81 355 1 7 VaC 12-% 16% Howard Feb 61c ♦ Ltd Nov 1 Dauch Hcllmger 4%c A_; Mines 23 Jun 7 Vic Homer 4%c 13%c Jun 8 3%C Dec 16%." Sep 5.700 99 % ♦ 20 * Jan 1.00 18c 63c 19c * 70 1,000 • Highwood Sarcee 11% 60c 49% 7c 11c 16 4c Oct lO'a __ 1 — Highland-Bell Highridge Mining 1.12 101 1 Dec 1 Mascot Hosco 7% 19 '/4 25 c 17 Vic Mar 43 c 1 13 %c 14 %c Jun * Jun Oct 6 Vic 11 * Carpets Gold Hedley 14 Jun. Dec 7 660 16 Oct 2,300 18 % — Jun 5c 3c * 24c 1.50 16c 1,100 18% 18% • common— Rock Hard Alabastine— & 1,200 5%c 17c, — . 24 Sep 1 Producers Rio Delnite Jan 17c 5%c -j — 1 Preferred Del 65c 13 4c Ltd Oils Aug • 40c B Decalta 6c 1 1,000 ,100- class Jan 98,770 Halcrow Swayze 5,814 Petroleum 80c 16c Hamilton Bridge 5c — Dec 10 %c Hahn 1 — 36c 0%c 1 Lake Hasaga 1 Patricia 4,712 1 . 40c Sep 56c Mines Mines 38c Jan 5%c 5c 1 Coal 90 40c Feb 5c Pershing 13% 1 9 Jun 7 54c Mines 13% 10 — 25c May 10c 55c , Dec 50 45 * Craig Bit common 5 1,580 5,900 ; 3% Mar 9 914 Mills__ 300 1.16 * Mining Oct Apr 4% Gypsum 100 Cuurnor . 25 13 Feb 2.85 Oct 1.45 8%C Exploration Dee Sep 9% Mar 4,000 __5 Consumers Gas 41 July 16 15c 1.34 * Jan 34 Gunnar Gold 9 —— 16 70 Gwillim 2 B Feb Dec Jun % 189 Jan 1 class Press Jan 510 Mar 8%c 1 10% 22 20V4C 22 98c :_1 Smelting & Feb 10% 10c 14c Oro 53% 4% * * May 8%c 9% Howey Mines Wire Lead 1.05 * Oct Jan 103 41 % 1.05 60c 4%c 60c 4c 22 May * Consolidated Gulf 1.42 1 Dec Jan 9%c Feb 10 Vi — 4c 1 Consolidated 41 41 % * Saddlery Guayana Mines Jan 11 Nov _1 Consolidated A West 41c 7% :_ 9 14c • Homestead 1,403 6,500 5c 1-50 1-' 14% 19,200 16% Duquesne 14% 14% 18 103%c Feb 1.60 1 Consolidated 100 3,700 5%c 2,457 __— 18 17c 5c .—5 Aug 18 17c 1.50 11.450 1 Preferred Guaranty Trust new common * . Apr 9 % 220 Sep 3.15 Jan 2.15 Cadillac—— Class 125 16% Mines Davis Greening 1.06 iJeattie Davies Jan 15% Central D'Aragon 1.45 50c 2.11 Consolidated Bakeries Crowshore May 2,500 Consolidated Nest 65c 12,400 Consolidated Crow's 10,700 50c Ansley croinor May 2%c —; Astoria Crestaurum 56c ——1 Consolidated Conwest 12,355 2%c Petroleum Consolidated Consolidated 1.04 Great • common Great West Coal Jan 43 % c Mines Consolidated Dec * Mines Coniaurum Nov 1.65 2%c -—-—1 National Coniagas 1.50 2.24 -- * Commonwealth Conduits Sep Jun -1 Yellowknife 10% 80 50 % 9 1 Cockshutt Plow Colomac 1.05 1.40 * Willans Paper 10,012 29 Oils Coastal Cochenour 10% , 1 • Lakes 91,500 29 1 Malartic Citralam 105 * Jun IV4C Dec 85 53 1 1.28 15c r; 91 52% 0 95c 14 % 75c 5Vac 1-52 15c 1-16 90 % ;_ 1.52 29 common, class A 91 52% Bousquet B 2.40 16%c . Knitting Mackay Class 1.25 17c -— May Gordon 1.36 1-46 95c * High Jun 3c 50 Preferred Oct 155 2.35 2.40 50c 1 Gold Bar Goodyear Tire & Rubber com 31 1 Chromium Circle Sep Dec Jun Jan 152 20 * Cheskirlc Mines Cliesterville 85c 55c 12% 16% —1 Research Chemical 2,000 16 % 1.55 2,500 17% 1 common 4c 2%c 980 * Trust Steel 4c 2 V's c 5,200 Porcupine Central 1 _1 65c , Central Patricia Gold Mines Chartered / Mines 17% Oil Leduc Goldora Goodfish Mining 60c —1 Gold Castle-Tfethewey Central Jan 16% * 100 -— . preferred Utilities Canadian 36 V* 17 25 186,325 Jun 24 150 Range for Year 1!) !9 Low 3.35 2.80 Jan 60c —100 preferred Tire 27% 3.10 Shares High 11% • common Canadian Pacific Railway Canadian 26% Low 1 Manitou _• : Cos 8% * Indus Alco "A" voting Canadian Locomotive ol Prices Jun 8 Va 640 Golden Sales for Week Range Par High Low Last Sale Price Range for Year 1919 High Low Par Shares of Prices ' STOCKS— for Week ltange Sale l'rice Canadian Sales Week's Friday Feb Lapa —______ Secord Laura 2 %c 2 3.000 3c Vac 5c 6,500 c 29.000 16% • 3 Mines "U" 17 945 19% 19 Va 5 Va 2.00 3c Dec 5%c Jan 4c Dec 12c 2V4C July Jun 13 Jan 6%c Aug 16% Nov __20 Eddy Paper class A Elder 1 Gold El Pen-Rey El Sol Empire class 30c Jun 16,990 33c Dec 82c July 8%C 1,833 7c Dec 8c 500 4c Jun 15c Sen 21 19% Sep 21% Nov 21 100 47c 50c 2,932 2Gc Dec 74c Sep 3,780 5.00 Dec * 1 _" • 1 4.35 4.50 15 % 15% 705 13Vi Jun 16 Jan 15% 35% 1.125 30% Aug 40% Oct 35 % 34 % May 12% Nov 100 117 Corp . Fanny Farmer Candy Shops Federal Grain common 4.45 10 10 10% 1,950 5 117 40 6%C 3,000 4c 2.37 2.74 59,750 50c 12% 12% 65 11 % • 1.35 1.40 * Petroleum Fittings Ltd class A Fleet Manufacturing 4 2.65 Oct 129 98% July 117 5 %c 1 Kirkland Jun 3.10 " ! Preferred 19 Va * 78c, 75 %c 80c 3,800 53c Jun 86c Gold 1 1.19 1.18 1.20 5,750 95c May 1 5c 5c 5c 2,000 4c Sep * * • 1 49c 47c 52c 13,600 38c Dec 31% 31% 31% 338 27 Jun 32 % Oct 30 % 30 % 31 290 27% Jun 32 Sep 16c 17 %c 6,300 8c Jun 45c Jan Leitch class A Jones & Lawson —, */' 11c 2.35 Dec Nov 12% Nov May. Gold Francoeur Cos Fraser 100 Power General Class 1,700 20 Vi 4,900 7c Dec '25% 25 % 50 20 98 98 25 96% July 98 2.40 2.50 5,400 * 18 19 1.220 inq 106 106 130 100 Bakeries 110% 41 — 2% Petroleums — Long Lac Groceterias Little class Loblaw B Class Goldfields Louvicourt Lynx A~ — Yellowknife Mines MacDonald Red Macfie Macho * 1 1 -1 1 Mines Macassa 16c Lake. River MacLeod-Cockshutt Gold Mines McMillan Export class A 1.18 30 —* :___ Products Preferred General Mfg class 1.75 16 100% 1.25 1.25 800 82c 1.18 6,800 78c 30 1G0 Steel Wares * common 74c Jan 5 %C 5 Vac 7,000 5c Jun 13 %c Jan 34c Jan 5 % c 1 Manitoba & Eastern- Maple Leaf Gardens Glenora Lake Nov 2% Jun 1.35 1.2U Nov Nov Maple Leaf Milling * 1 Gold Marcus Martin-McNeely Massey-Harris common Preferred oct McColl-Frontenac Gold ale Dec McDougall For : ' Jan 13 Jun 100% Dec 106 Mclntyre common Porcupine 35 Nov McKenzie Red 4.75 Jan 7.70 Oct McLellan 1.000 Dec 11c Apr McMarmac Arrow _ _: Red 1,000 2c Sep 3 Vic July Mercury 1 * 20 * 13,900 40c May 74 %c Jan Midland & 36c 3,400 29c Jun 56c Jan Milton 15 %c 17c 8,600 14c Jun 19 %c Feb Mining Corp 7c 7c 500 6c Dec 5c 5c 1.000 3c July footnotes se<? .page 38. 2,500 5c 9% 680 8 Jun 10 Jan 7% 8 1,150 6 Jun 8 Nov 2.95 3.10 5,375 31c 33c 9,900 3.30 12,500 Dec c 3c 1,500 15% 15% 80 9% 9% 620 14 %c 15 %c 2 9% 15c % 6c 16c Jan Jun 2.33 3.70 40c 3.60 Dec Sep Dec Dec 2.02 Jan 2c Nov 4 Vic May 10% Jan 17 8 May Jun 16.100 8c 6c 600 3c Nov Aug Oct Nov 15% 15% 2,174 97 97% 90 90% Jun 10 %c 10 %c 500 9c Aug 50Va Jan — 1 60c 10% Jun 16% 100 17 Vic Model Oils 9%c Sep ' Oct 6,000 3c Nov 12c 9c 5,530 8c May 21 %c Jan 5% 175 Sep 7% Jan Nov 17% 1.10 1.25 12 % 12% 16 50 16 • 600 2,960 30c 5% 16 95c Jun July 32c 1 16 % 32<? 1.000 1.55 Jun 13% 30c Oct 48c H.25 _— <> Class A 71c 12,100 4c 12% * Apr Nov 60c Vic 5 % 0 6Vic Nov Feb 69 53c 5% Grain Pac 140 8 ,_1 • 65 Dec Nov 3%c 1 Lake 65 Oct 23% 385 15% Dec 7c 28% 9.982 28% 23 Jan 19 %c Jun 24% 28 15% HVi July 23% 28% 65 • 16c 2.40 23% Brick 7c Nov 3.05 _5 Mills 65c Gc :: Lake Gold 6Vic 99 Vi May 2 %c 5c. Nov 77c Oct r—( CO 63c — Mines 11c 33c Segur 35c Gold Eagle Golden 98 Vi 33 2 VBC 17c 102,000 201,038 97% > 2%c : Mines Goldcrest Gold 16Vi Mar 7c Gold— 17c 2.55 Jan 64c Gold Oil God's Jun 13c 3.05 * Fields Gold 4,267 6.30 1.90 2.20 15 %c Consol 6.45 „ Sep May Magnet 7C Lake Gillies Globe 6.30 Yellowknife Gold Mines 45 265 Sep 21c 2.98 105 Vr 105% 100 Preferred Giant l(f0 18 % 3.10 47,090 1 Jan 110% May Sep 18 17c 5,000 65c * Nov 106% May Sep 1.10 100 Jun 8c 2.55 B % 18% 108 >/4 July 35 1.55 7,800 14c 15 %c Jail 54c Red Lake Gold Mines- Class 1 * 2.90 Jun 200 18 Jan 1.08 9% 27% Jun 2% 100 10c 2.43 8 Malartic 99 July 2% • A ; Jan Nov 54c 2.45 1 General Jun 1.35 2.50 1 * Sep 14C Jun 110 % 110% * common A Vi Feb Jan 26 Jun 12c 100 com preferred 5% preferred General 25% 10c 2.40 5% 2% Sep 24% 18% Exploration Gatineau 1.30 24% * common Prefeired Frobisher 600 10 Vac • Motor class A 18 Sep Nov Lencourt Gold Madsen Ford 100 Sep 25c 8C A Falconbridge Nickel Players Federated 3,550 39c 36c 8c Famous Federal 37c —* — — Brass Eureka Sep 58c 1 Mines Gold Jan 36c 39 %c 39 Vic 1 Mines Eldona 17 13% July Nov Leduc-West __* Steel Eastern Apr Feb Jan Nov Jan 15 16% 110 ]••■% St]) 15 Apr 17 17 Vi 560 14% May 18 'Feb Volume Number 4875'' 171 THE COMMERCIAL & CANADIAN RANGE Friday ST OCKS— Week's Last Par Moneta Porcupine— Montreal Moore • 1.800 3Gc 22 1,745 76 77 395 17% Aug 64% Jun 78 % Nov Southam 26% 26% 600 25!2 27 >4 Feb South Brazeau 16c 1 22c 1 — Drug & Chemical 6%c 20c National Grocers 6%c 2,200 5%c Jun 12c Jan Stadacona 50 35% Mar 39 % Nov Standard 8% CO 10- -.53 30 6 Feb 11 % 195 10 Mar 11% 9 11% 75 11% Dec 28% 210 27% Apr 15% Mar Nov 30 14% .10 605 23 Dec 35c 4,500 26 %c Nov 47c Alger Calumet 20% 1,425 16% Jun 231/2 Jan 28 3 i 50 25 Jan 30 1.45 1.53 10,375 6c 191,205 Mines 2.63 Aug Sudbury 53,375 18c Oct Dec Sullivan Cons 47c 50c 6,625 47c Oct 72c 79c 19,025 33c Oct 7c 7%c 5,500 3%c 12,500 3c 3c 4c 22,850 3c 8'Ac 8%c 22,755 7c 6!»c 7c 3.100 9%c 9 % c S%c 4,975 9c 3c 3c 35c " July 62c Dec 9% 5c Jun -1 Jun 6c Jan Jun 18c Jan May 14c Jan 5%cJuly 12c Sep Jun 26c 68c 66c 71c 7,800 16% 17 130 8c Jan Apr Tombill Jun 69 % 67 3c 4,500 63c 66c 51,225 %C 2.70 68 2,845 2.80 48% Oct 1.70 9,671 -v Torbrit Silver Feb Toronto Dec Toronto General Mar 105 Dec 102 Dec 6c 6c 3,000 3%c Jun 2.72 2,89 62,045 1.26 3%c 4c 11,000 2.40 2.53 7,244 46%c47%c 16,000 Jan Toronto Jun 13 %c 1 .1 _ Gold 1 * Reef Gold I River • 1 certificates trust 1 _ 30 30 31 • Metals East Dome 1 Prospectors Airways Purity Flour Mills common Preferred ___! 3.05 3.00 3.10 8c 2,600 17 17 107 12V4C 14%c 4,500 * 17 13c 1 . 1.33 Works 1.25 100 — class A— Mines Roche Long Roehette Roxana Lac * Royal Eank Roy a lite Oil 58c. 12c Nov United ° 29% 29% 29 % 45 —_■» 28% 27% 28% 1,715 18% July 25% 50 52% 52 53 % 125 47 Jun 55 Dec 25 22 22 22 75 17 Mar 23 Nov • 3.75 3.75 4.00 1.79 2.C2 51 . 455 6 8,400 c 7c 25 63a 634 8%c 12c Jun 3c Jun Feb 3% Sep Jun 1,500 5c Dec 26,800 45c May 92.200 7c Jun 45 1.27 47.860 2.02 45% 1.695 36% 1.34 7,583 96c United Fuel Class B Nov United Keno 9c Nov United United 23c 41,700 9c Jun 3c 4%'C 3.200 3c — . 3c 3.000 32 % -- 62 e c 33c 3.550 60c 62c 2.610 27 ■ 27 50 Feb 30c 3%c 7%e 8%c 13.500 1.90 1.95 2,985 3.20 1.90 3.20 400 4c 2.000 7c Hill ;* Canada Mines 2.000 26c Oct 53c Nov 22c 22c 1,000 20c Dec 26c Jan 15 15 25 Mines Oils 8%c Sep 24 %c Apr 8c 1 — Cotton 27% Dec Sep 93c 93c 1.00 3.300 65c Jun 1.30 86c 86c 1,100 57c Jun 1.25 Sep Jun 77c Dec 33 % Jun 45 Dec Waite • Amulet Walker (Hiram) Ltd (G 15 7 a 16% 485 12%* Jun 17 "2 Nov 13 12% 13% 875 9% Jun 13 Dec 1.80 1.85 3.425 76c 77 c 1.500 8% 100 47 47 70 Jun 20 19% 20% 7.912 11 May 95c 81c 97c 94.400 65c Oct 8.95 8.85 9.20 4,793 38 37 38% 6,495 5% 5!'a 6 220 6 Nov 11% 9% 9% 9% 60 9 Aug 13 7%c_7%c 1,300 7c Jun 15c 35% Feb * Wi & co»nmon_:.__— Class, A'— VPekuskd* Consol >» /_ . II 2.55 42c 3.00 3.00 100 3c 5.000 7c 9%c 500 8.000 3c 3.00 2.55 4%c 7%c 2.500 5c Dec 9c 13 %c 150,800 6c Nov 6.800 23c 40c 44c 2734 271-2 27% 9.60 9.10 13%c 10c 2.17 85c Oct Dec 9% 67c Westeel Products Western • ___ _ Grocers Weston (George class 1 49'i _ Ashley Minerals Western 1 _ 9c A _ * ■ 24% Jun 5.915 5.85 Feb 9c Feb 3'sc 478c 55.500 18 19 % 3.040 O'BC 9C 2.875 32 200 24% 25 21 100% 101 30 90 % 10%c ll%c 7,500 — Wiltsey-Coghlan 1 10 %c Winchester Larder 1 Wlngait 1 Gold Winnipeg Electric Preferred Gold- 5c common 34%. _ 2nd Ban preferred Antonio 10312 10312 34 % 4c Wool Combing • Tale Lead Yellorex 1 22! 8 Gold 50! Yellowknife Bear York Knitting class B 4.05 6,663 5c 2,500 8annorm 1 Gc 6%c 4,500 16 16 35 Scythese & Co common Senator Rouyn Ltd ' Preferred com 30c • 2412 Winnipeg Brew class-A———* Sheep Creek Gold Breweries 15 50c 565 43 .250 15 15 3 8 205 10,900 268 Oct 9.90 Dec 35c 1% Low a ; — 5% Preferred 26 Class B class A Canada and Dominion * Sugar Canadian Fairbanks Industries Preferred Morse 6.296 2 465 70 120 22% 22% 60c Oct Dalhousie Oil 497a Dec Disher 15 Dec Steel Dominion 15% Feb 22 15% 21! _ • Oil ft __ —* — Simpson's Ltd class A Class 3 % 40 50 23% 650 176 5 3 3% . 725 90 91 110 3% 3% 500 57 20 18% 18'A 18% 4,003 40c 41c 13,700 24% 24% 70 41 44 825 _ 43% 3.65 • Nov numbers tone Shoe Oct International Paper 9.50 Sep International Utilities 30 19! 2 174 1.15 60 49 20 31% 2.30 Aug 50 21% Aug 33 Oct 26 Nov 40% Dec 20% Apr Minnesota & Ontario Paper ft Oct Niagara Wire Weaving « Preferred For footnotes 100 see page 38 264 8% Apr 5% Apr 8 Sep Price Sep 30 Jan Southmount Investment 100 99 515 22 21 21'A 21% 2,570 13% Jun 22 % 17% 18% 5,240 12% Jun 22% Jan 23'% 18 -- 100 469 93 Sep 28! 2 Oct Jun 101!a Dec Oreille Bros ... 1 ft _ Temiskaming Twin City _ Mining Nov 13,395 Dec 63c 705 3.75 3.90 27% July G5c _ . ft IIIi ft Oct 3.25 18 Jun 59% Dec 37 Aug 20% Nov Nov 5 29c Nov 24% 3,940 32c Dec Apr GO 42% 40 31,4.00 Dec 4 Jan 25 % 210,700 common. Dec May 2 53c 7 Jun 38% 38c 27 Jun 25! 49 c 29% 3% 94% 28% 30c new Dec Nov Jun 13% Jun 26c 39~% 24% 180 July 3!/a May 25% 50c 26! a Jun Apr ft 37 %c 7 July -7*2 135 26'.2 13% Jan 27% __ 265 * B Nov 11% Sep 100 176 « Hayes Steel Pend 23 19 110 22 % * preferred Bridge 20 Nov Feb 490 , 57 * 8.75 10 Feb Jun 12% * 20 393 Jan 16% 24% 1.60 Jan 2 4 103 Dec 24% — Sep 25% Foothills May Va Jun 9% 12% * Lumber Consolidated Paper Jun Sep Jan 41c Westinghouse Jun 3.40 156 4 * Canadian 30o 1.01 Jun Jan Nov 40 —1 Western 2ii% 1.25 26 131 9 * Jan Jun 55 98 22% High 7% 675 9 Nov May 4% Sep 96 23% *-* 0 0 _ 8.35 io Mar 21 3% com common _ Canadian Vickers 100 75 96 ' Canadian Marconi 385 9% 3 ' Sep 77,275 135 — Bronze Sep 1.15 26 ' — 6c 2.20 9% Jun Range for Year 1949 378 100 Baloio Gold 4.75 21% _* Oct LOW 5% 24 34 135 * Corp Shares High 23% 25 23 Nov 20 . Bllverwood Dairies Sep May 1.15 Sep for Week of Trices Jan 51 l.oi 1 . Dec 104 20% 1 Mines 2.75 36c 48c Sales Range Par British Columbia Pulp & Paper pfci .100 Brown Co common I 28 Week's Last Asbestos 17c Feb Sep Funds Sale Trice Audian National 16% May 7.00 May 7c Exchange-Curb Section STOCK; Dec Nov Jun 2.00 May 2% 54c Nov May 2.750 2% Apr 1.95 20 Sep 14% 11% Mar 2.25 Jun Jan 5c 45 25 61c 13c 21! 2 Bilanco Mining c. 18%c Nov _* 1 Miller 32c 24% Nov Nov 15 'A Friday 3.00 Sep 1 ; common Voting trust certificates Sigma Mines (Quebec) Silver 30c 24% 1.15 Jun 38 101 Jan Canadian 4734 50 Sherritt Gordon Sicks' 16 1 Bhawlnigan Water & Power Shea's * 3.50 3%c Oct Feb Jun 9,000 Toronto Stock Canadian 3.80 Jan May 4c 86c Jan 4!4c Jan 97 83c Nov 3.90 Jan 1.1c 11 %c 27 84e t 16 4%c 37c 150 1,500 1 Mines 86 1 Dec Nov 9% 1 4c 3%c Dec Jan * Jun Dec 18c a Sand River Gold, Mines 3.75 10c 37 101% May 26c Canada Vinegars 335 Jun 7c 12,100 Canadian 50% Nov 14.000 Dec 2 Nov 26% 19c 20%c Dec 18% Jan Jun Oct 10c 35 1.18 May 14% 35 Jun 27c 273iC Nov 25 Sep 51% Nov Mar 19c 12!2 86 Dec 8c 2.9'A 1 4% Jun 8512 99 Jan 1,088 %c 2.20 2,22 Zinc.— Mines 101 % Mar 15 36 4 15% 5 10 13'a 15 12,700 _—- 40 13!a 1,500 5'Ac 99% 100% - ^ 534C 43ic 5'Ac • — _ Wi no r a Jan 2%c Dec Jun Dec Mar Jan 1.04 8c 105.700 130 31% — 101 _ 50 24T's ■ common 100 __ 1.20 Aug 812 Aug . 15% Feb 37% Feb May July 1.99 May Jan 53!2 2%c Dec 14c 19 __ Jun 9.65 4%c 1 3c 770 • 100 1.45 6.50 23% Jun Sep 16 Dec Sep Dec 15%c Mar 30c May — 4.85 7.00 Jan 6%c Sep 1,615 15c __ * 1.10 May 4.00 Jun Dec 28.300 46c Dec Nov 7% Oct Wabasso 72c 40c 4.30 21c Vulcan 43% 6.100 Jun Jan 63c 46.762 Sdp 5% Nov 42% 126,106 Jun 8%c 150 1.38 18c Sep 19c 1.22 27,210 . 38c Jan 1.14 21,150 7% 7'A 35c 8c 1.03 ■ . 20c 24%c 7 ] — • Dec 1 4.00 18c Oct Yiolamac. May May Dec 27c Oct Sep %c Mar Apr 16% 12c Jan 6% May 90c 8% Jan 8%c May 4.893 3.00 Mar 43 Dec 2,805 II,300 13,966 2.70 46 45c 15% 11c 12%c 6.90 45c 1.30 May Dec 3.10 70C 1.80 Dec 27 % 6.80 43% — 27% Jun May 3.00 Jun 3c Sep Jun 17% 6.80 89c Apr 1.71 12,100 51c 17 3.05 Jun July 52c58!'2C 14!2 29c • Jun 55c 25 90 1 2%c July 1c 2,630 Ventures Ltd Sep 18c 32,950 28 % 28% Dec Nov 23c 42e 26 27 Feb 7 % 1.69 Nov — 35c : „ . 20c 50% 4c preferred- — Steel Jan 1.000 A Oils Dec 40 May 4%c . preferred 27c 4.75 4'/4C 27% —• • Resources class 40c • A—— . Apr Feb 4%c class Corp class A Class B : Jan 2.60 1 Finance B Transcontinental Nov 6 2.70 53c Jun 6c 15c 45 13V2 Petroleums Class Upper 2.000 8c Feb 18 275 3%c 7:%c Oct 1.11 40,333 42 a May 5% 21.375 Russell St Lawrence Paper 1st preferred Jan 'Dec 15% 1 Saguenay Power preferred Jan 12 • 1 St Lawrence Corp common 2nd preferred Oct 1 _• common 10% 1.35 May 11 169 * Roybar Chibougamau Ruptmuni Mines Industries % Mar Mining 79c 10 150 Jun 9% Jun 156 Gas 1.06 * 1'2 Nov Union 1.20 1 Oils Co 12 " Feb 16c Union 90c 1 — 15 22 Jun 69c 610 170 Oct 7c Feb 4.90 73c Gold Sep May Aug 1.08 1 3.75 22c 17% 20,700 10% 170 170 %c Dec 6 Aug 1.10 I Gold 1.35 10% » —. Trusts Canadian Reno Nov 19c 4c Renabie Jan Oct Doc 6% 40c 4.40 18C Reeves MacDor.ald Jun 2.54 2,933 7%e Feb 4% Oct 15,300 1 1 52 125 3%c Aug 3,500 8%c I • 70 6% 5%c 10c 7c 11%C 40 Quebec Labrador Quebec Manitou Queenston Gold Quemont Mining Quesabe Mines Ltd 52 6 13 %c 13c » — 52 — 1 Dec 8%. 1 - Sop 31% 50 145 Wright-Iiargreaves Corp Jan 2.35 3o 1.27 6c 7c 4.80 Porcupine Peninsular Powell Rouyn Gold common 10%c Jan 26% July 6,550 500 7c 1.11 >. 1 .. 1.60 Traders 4c , Mines Gold Dec I,000 l.o5 ♦ __ Mines Iron Preferred Crow 3%c 1.57 Tower Jun — Piccadilly Porcupine 3%c 1 Feb Nov Dec Oct Jun ft — 2.75 46c. Jan 1.42 1 Consol 11 %c Jun Sep Dec 17%c 1 Gold Photo Engravers Dec 4c 1.27 34c 1.75 500 • — Dec 13c 14.352 • Partanen Malartic 2.67 Feb 4c 25c _• Oil Jan Jun 1.50 3%c May 2.05 1 .1 %e 8 100 25c / 8'ho 1 Paramaque Mir.es Pressed 78 78'A Mar 47c . Elevators Waterous Western Power 765 290 6,000 1.85 1 — Nov 104 9.500 600 — Cadillac 17% 1.65 6 ft Tubes Porcupine Mines Ltd. Feb 7%c 42 Hershey Nov 13% Nov 4%c 20c 20 %c 1 87c 1.65 10% 5%c Mines. Nov 3.75 10 "a -— Mines Jun 4 %c. 9 %c , 1.92 Petroleum Nov 50o 5% 100 * 6c Jun 25c 1 Nov 29 Oct 102 2.40 Gold 65e 2%c July 25c 1.95 ; 14% Jun 4 Sep Malartic _ Jan 18% 103 * 1.25 712 c Omnitrans Exploration Lake Sep Dec 106 » 1.03 7c — Gold 7 175 420 9% 90 7%c —. Orange Crush 1,215 29 5% . 50 Jun — common 14% 5 Taylor (Pearson) common Teck-Hughes Gold Mines Dec 6 — 14 28 ! common Dec :o% — July 5 3%c Preferred 90c 4 Oil common—. Mines Jun 79 JaD Tamblyn Ltd 40c \ „1 Oils 5 50 14 50c Mines 500 -l Lake Sylvanite Gold 2,700 -l Gold 1,794 90 Jan 112,350 -1 Mines 9% — 2.81 Surf Inlet Dec 57c 2.75 ._1 Ontario -Steel Feb 80c 1.15 3c Gold 75c 23c 47c 66c Ogama-Rockland Preston 9 89 __ 1 1.12 Preferred Voting 41c 1 Thompson-Lundmark Tip Top Tailors 67% Mines Porcupine 5,410 • 53c Empire North Star Powell 60c —1 3c Mines North Inca Pioneer 56c * Mines 1.15 Deni.son Mines Pickle Jan 56c 104 Contact Mines Paymaster 23c Feb Jan 7c Gold Pandora July common Steeloy Mining Steep Rock Iron Mines 2.35 47c Mining Dec 10c 25 15c Norgold Mines Pamour „ Preferred Jun 8 tic Mines 21% .12,500 __ Jun 40c Nipissing Mines Mar 75 lie • Canada 6%c . Thurboii Osulake ol 84c Yellowknife Red Bros Steel 1.749 3c Oils Sep 17 21% • Gold 8,300 . Nib Orenada Olsen 1.22 7c Merger 94c 20% 1 Starratt 8%c 75c New O'Learv Dec 45c Pacalta Rouyn Jan Feb 10'2c • class A Co High 44c 24c __ * — Superior Oils Ltd New Northland 1.45 .. 48c New Norseman 22,200 • common Radio 1.17 Nor zone Northern 75c 18%c Jun • ... Paving common Preferred 8%C New Marlon Gold Newnorth Gold Norpick 71c ' Newlund Mines Norlartic 7lc 100 1.17 - Mines Golcivue Nonnetal 1,235 * Standard Nov 4%c New Jason Noranda 35c Jan 28;% 20% 22% 33c 19% . 1.48 New Low 34c * — Chemical Standard Oct Nov 22 35c 1 Ran go for Year 191!) Dec 12% 11% 4%C New Pe.rron May 11% Car Shares High __ —1 Co 36% 8c 8% common Trust Nicholson Low 1 Malartic 25,449 11% R:ght,s Pan Gold 24c „5 Mines Page Siauen 28'% Steel National Pacific Siscoe Jan Stedman National Osisko Jan 6c Pi eferred Orlac Apr .,5 — National Hosiery class B National Petroleum O'Brien 60c 23 % 36'% — corn- Preferred for Week of Trices Dec Oct Preferred National Okalta Par 21% National Breweries common--. North High 36c Sales Range Sale Trice __ Mylamaque Mines New Low High Week's Last Range for Year 191!) 26% —.25 Mosher Long Lac New Friday STOCKS— Shares 76% Preferred Negus MARKETS 3Ge common (393) ENDED JANUARY 90 21% — Locomotive Corp WEEK for Week of Trices Low 1 LISTED FOR CHRONICLE Sales Range Sale Trice FINANCIAL July 5.60 5.GO 5.75 1,860 3.35 May 6.70 65% 6512 07 170 45% Jun 66% 42c 42c 42c 10 40c 45c GC Gc 7c 4,100 9% 328 9% CO • Mar 5%c Nov 6 Feb Dec Jan Dec May 8%c Aug 11 % Nov 37 38 (394) THE i & COMMERCIAL Monday, January 23, 1950 CHRONICLE FINANCIAL OVER-THE-COUNTER SECURITIES Quotations for Friday, January £0 >■ Obligations Of Government Agencies Investing Companies Affiliated Fund IV* Axe-Houghton Beneficial Corp 4.25 7.84 14.9*6 0'/« 8.48 16.26 7 Va 3% 1 2% 97.10 21.20 101.15 22.92 10c 8.89 8.90 8 1 16.72 18-92 18.08 20.73 —B 1 „ 1 • Corp..: Bond Inv Tr of America Holdings Blair Fund Boston inc - Bowling Green Fund Inc Broad Street Invest Corp Bullock Fund Ltd nUHOCK "una .Liiu Trust Century Shares Fund Chemical Preferred com - Investment Commonwealth Fund Delaware — _ Securities Christiana > Dividend Shares . 35 33% 1 Fund Inc Fund R*. Axe-Houghton 3.93 Shares Business American 10 1 Corp.. Holding Amerex 5.90 4.52 5.38 4.17 1 Inc Ask Bid Par Mutual Funds— Aeronautical Securities 1 36.20 38.92 1 14.91 16.12 100 4,150 4,300 .100 136 141 1 5.78 6.28 1 14.37 15.81 2So 1.53 1.68 A Howard— Eaton Equity Fund Inc Series— Fund Industries General Capital General Investors Corn Trust Securities— Agricultural shares 17.69 5.41 7.73 lo 6.82 6.48 7.83 8.53 lo Building shares 6.22 5.91 lo shares Aviation 7.05 lo lo shares Automobile 6.65 9.92 4.96 7.29 10.87 5.45 7.27 7.97 Chemical shares Electrical Equipment shares lo lo shares Food Fully Administered shares—lo General bond shares —.lc Industrial Machinery shares lc 7,77 Investing Priced Low Steel Utility shares Howe Plan Fund Inc Fund Income Foundation Investors Ltd— Aviation Group shares shares Co (Medium Grade Bds) Priced Bonds) 6.52 8.70 Knickerbocker Fund Fund Trust Aetna Casualty Aetna Insurance Aetna Surety & Life 9.34 10.91 11.9G 8.34 11.73 22% 6.13 28.89 26.19 18.41 9.96 16.23 23.01 10.87 17.71 United Income Fund Shares—1 Wall Street Investing Corp 1 Wellington Fund 1 Whitehall Fund Inc 1 Wisconsin Investment Co 1 11.87 73c 27.62 24.01 16.87 53.50 10.89 1 1 1 1 6.73 50.50 1 Street Investment Corp_* Television Fund Inc 1 Trusteed Industry Shares 25c Union Preferred S~tock Fund—1 Union Common Sto^;t Fund 1 16 20% 33% 81c Assur 58'% 49% 22 35% 61 52% Bankers Shippers A 10 S Boston Camden 28 Fire Connecticut General Life——10 6.56 Continental Casualty Crum A Forster Inc 10 10 65 Maryland Casualty common New York Fire North 8.65 2.22 2.52 3.84 2.25 Bid 34V* 105'% 10 Reinsurance Corp (N Y) Republic (Texas) 29% 31% 51 53 13% Seaboard Surety Security (New Haven) Springfield Fire & Marine Standard Accident Great 32 17 96 33% 35% 37% 18 92 Fire— 10 I Hartford Fire lo Hartford Steamboiler 10 114 36% 1.35% 6- 1-50 bl.30 1.15% 119 38% 1.15% 11- 1-49 8- 1-50 bl.30 1.15% 12- 1-49 9- 1-50 bl.30 1.15% 1- 3-50 10- 2-50 bl.30 1.15% 2- 1-50 il- 1-50 bl.30 1.15% 10- 1.30% 1.30% Due United States Treasury Bills 1950— 26, Feb. bl.lO —._ Mar. Feb. 1950.. 0.90 % bl.LO 0.95% Mar. 30, bl.10 1.00% April 6v bl.10 1.02% April 13, bl.10 1.03% April Mar. 23. 2, 1950 Travelers 29% 58 1950 Banks & Trust VWrW Par 23, . - —■ — Westchester Fire 1.04% 1.05% 1.05% 1:02% 1.04% 1.04% bl.10 bl.10 bl.08 bl.10 bl.10 1950 1950 1950 1.03% bl.10 1950 37% Bank of New City Natl Bank A Trust— .>100 York 45 150 95 % 36%, A Trust 43% Co 5Q 52 Bank ... Trust Northern Empire Trust Bank 216 -100 330 345 .>100 600 625 31% .—20 30 Co ..100 305 City Bank 16 36 37% 10 35 36% Cleveland Trust Bank National 320 37 35 104 21%r 10 107 Detroit " 22% Detroit of Bank National 32 % 31 Pittsburgh ,260 100 1,200 National Bank 209 61 % 59 % 10 A Trust Trust .>100 Co National Central 16 50 N Y) 88% x86 Cleveland 7%' 6% ' 200 ' Savings A Trust Trust Co (White Plains, Federation Ask 215 Trust- ■33% A Bank National Harris Trust— A Bank 38% 41'%"" 20 Bank Bank First 98% 15 10 Central Hanover Bank A Trust 20 National National 47 142 10 100 Trust Brooklyn Trust Illinois Continental 343 100 * 328 Fifth Avenue Chase Bid Par 27% 297 288 • 31 27% 18%" 10 17% 100 1,470' ?;* 1,510 Lawyers Trust 25 41%43% Manufacturers Trust Co 20 53% 55% Morgan (J P) & Co Inc 100 249 t 255 National City Bank 12% 42% 44% New York Trust 25 86 89 Public Nat'l Bank A Trust-17% 44 ' • 46 Sterling National 25 89 %V 93 Title Guarantee & Trust 12 8 : 8% United States Trust 100 630 660 100 *' Irving Trust — Kings County Trust Deposit Natl Bank—100 Farmers 295 Bartk & Trust—-100 x270 Mellon Natl 290 Peoples First National Bank 20 Trust & 34 % 36% Portland National First United States 12% 72 74 Bank——20 58 60 46% 48% Bank Natl Francisco San Bank of Amer N T A S A—12% A«fc 31% 60 39 % 42% 44% 46% 18% 26% 115 •• Aak 10 Manhattan Co the Bankers - Companies • • 1950 20, Chicago of A r Bid York 36 Va 109% 40% Recent 19% 28 Tel Associated 1031; 103% 1974 Central Pa 3s Power Oregon 2%s_- 105^. 1979 102 %*: 27/8s. Maine,Power 1979 1984 Lgt & Power 2%s i04V 103 103% 103;% ; 104%- .1979' 2%s 105% 105% .1969 Power Duke 103#A 103%. 103% 61 Bid Ask Light— A 100 preferred 106 107% pfd__50 51% 52 pfd_30 36% 38 Kentucky. Utilities $4.75 pfd_100 101% 102% $5.50 pfd—20 19% 20% Hartford 3.90c Electric Iowa Southern Utll 5Va% Pub Serv Maine N State Y Elec Gas— 1949)—100 106 107 pfd—100 1C6 108 4.40%—100 124 4.65% pfdJOO 107 (series pfd 4%% Pow & Penn A Lgt 4%% A Light— mortgage 2%s .1979 — Public Serv of Indiana 3s_, .1979 Transmission! 3s_ .1963 Tenn Gas 4.28 % Power 103% Gas Service Co 2%s Indianapolis Pwr & Lt 2%s_ 1979 Kansas Power Delaware 106% . Par Stocks (Continued)— Ask 1979 2%s Bell Telephone of Calif Security Issues Bid 104% 105 105% 1"; 103% Pub Ser (Colorado) Pub Seiv of Okla 103%' Rochester Gas & Elec— G. .100 106 136 10 Stocks— 5 15% 100 5% 17% 104 6% 10 35% 37% 5 10 2 10 12% lo lo 10 10 100 Fidelity & Guaranty Co—2 U S Fire US Guarantee bl.10 - - 1950 1950 16, Mar. 16, 1950— 9, Feb. 9. Mar. 0.90% bl.10 1950 2, Feb. Ask Bid Ask Bid Jan. . $4.25 Cen r."-"';>ar Valley Gas.AFlep— preferred —.-.L—100 Blackstone Ariz Lt A Pwr *2.60 7% 32 pfd_50 4* 10 1 102 105 53% 36 46% 56 % 38 48% 37% 39% 415 50 67 83 Va 22% 430 52 70 87% 23% $2.04 a Pow & Lt $2.20 pfd—* preferred Odd Bfd ■ •'**"' Ask 51% * 105 San Diego 4% % A Gas Elec— 20 preferred 21% 21% Staten Island Edison— 103, 4.90 % 52% ■s"'_ preferred——100 4.75% Conn U S Hanover 1.15% 1-49 Central Hudson Gas A Elec— St Paul Fire & Marine preferred American, bl.30 Dated 1.30% $4.75 preferred series Co 74% 96% 21% 2nd 1-49 9- 50% 23 Pacific Fire 71% 93% 20% 12% 1.35% Industrial Bank of Commerce-10 8 2.50 12.50 River Northern 10 —10 15 1.15% bl.30 Conn Providence-Washington 8 1.15% bl.3Q 1-50 Guaranty Trust 7.51 67% Fire new com_5 bl.2'5 3-50 5- 9 % 63% Falls 1-50 4- Flduclary 8% 10 A Republic 3- 1-49 8- 4.02 53% 25% 32 % 33% Fidelity A Deposit of Md Globe & Rutgers 1-49 7- 18.14 50% 23% 30% 31% P-eferred Accident Glens 6- 1.55% 3.71 National Casualty (Detroit)—10 National Fire lo National Union Fire 8 New Amsterdam Casualty 2 Ask 3-50 Rate 1.55% 16.87 4 Bid 7- 1.30', Ask 1.10% 2- 1-50 3-49 1.30% Bid bl.25 Doe 2-49 County $2.10 Prior preferred 10 $1.05 Convertible preferred__5 Massachusetts Bonding 5 Merchant Fire Assurance 5 Peerless Casualty Co Phoenix 10 8 Dated 5- 19.67 1.9% Hampshire Fire 1950 15, Federal Intermediate Credit Bank Debentures Rate 10.55 18% 37% General Reinsurance Corp 99.9853 10.75 1 69 B 1951 Bonds— 35% 62% Firemen's of Newark 1, 9.89 5 Insur Co of North America—10 Jersey Insurance of N Y 20 65 Fire Assn of Phila U%s Jan. 10.35 Par 10 Fireman's Fund of Frisco .0548 18.03 Home • 10 Reinsurance 100.0443 Stamped : Corn Exchange Bank A Trust_20 7.43 Companies Federal Employers *1%S Mar. 1, 1950 First Pacific Indemnity Employees Group Assoc 1950 1st 67% 23% 69 66% 38% .0039 1. 1, Feb. Continental 19.83 102 22% 66 63% 36% .0144 100.0508 100.0007 Trust Unit Type Trusts— New .0774 1950 Oct. Commercial National Bank A 18.49 Diversified Trustee Shares-^Series E !jE2A0 Independence Trust Shares 1 North Amer Trust Shares— Series 1955 1 Series 1956 1 Merchants A Mfrs & .0835 10C.0516 1950 1. Sept. Chemical 22.15 17% American Fidelity .0719 100.0747 July tlV'eS Bank 10.84 8.78 14.99 Casualty-S American of Newark 2V» American Re-Insurance lO American Surety 28 Automobile 10 American Equitable .0915 100.0638 tlVas 2.66 20% 8.01 14.67 16% 26 100.0727 1950 .0758 Indebtedness— of 16.91 51.89 1 1 __ 1950 1, Bid Certificates New Union Bond Fund series A 1 Series B —1 Series C i 26% Casualty 1, Ask 22 15.73 X2.43 13.96 10.71 25% 53 15 24 American Automobile Apr. 12.50 15 Selected Amer Shares 2% shareholders Trust of Boston_l Ask Ask — 8.78 11.41 12.74 9.85 10 4 I I American Alliance American tl%s 100 3\ ft, (cont) 6.96 8.01 asset value) _• sovereign Investors 6.13 6.35 8 1 1 9.14 5.59 87c 1.21 73% 100 lndebt of 11 %s June .1160 100.0972 Bid Maturity— 16.90 78c 1.09 70% 12.04 8.52 15.42 scudder, Stevens A Clark 21 Agricultural 11.09 10.99 6.44 —10 10 Price 14.02 1 6.05 96 61% 82% .____1%% 10.27 10.12 Petroleum A Trading Putnam (Geo) Fund Republic Investors Fund 92 59V2 79V2 100.10 4.36 12.79 5.14 5.36 5.16 10 1 %% 1954. 15, 11.46 9.37 4.68 4.88 4.70 Bid 1950— 1. 12.36 10.46 4.10 Par 100.8 11.54 3.98 3.73 Insurance 1957-1955 9.53 11.28 1 1 1 25c 1, 12.73 10.88 1 com 102.8 Oct. Certificates 12.00 11.62 1 1 Railroad equipment 25.10 32.08 16.62 13.21 5.31 5.35 2.71 7.83 10.95 1 1 29.41 15.23 12.11 4.86 4.88 2.48 7.15 7.19 1 1 1 steel Tobacco Stocks)—1 (Appreciation com Stks)_l (Low Priced com Stks)_l (Income Lexington 10.97 8.20 2.80 (Speculative Bonds) K-l (Income pfd Stocks) 1 K-2 (Appreciation pfd Stks)_l 6-1 (•Quality common Stks)_l B-4 8-4 10.01 lc 1 America of B-3 (Low 8-3 16.52 lc Keystone Custodian Funds— B-l (Investment Bonds) 8-2 X15.3G 1 9-37 X April 7.01 4.24 pacific Coast Invest Fund -a,. 100.6 102 3.98 3.88 Public utility Railroad 8J57 100 1955-1953 3.27 3.64 1 1 1 6.55 8.59 24.45 Ask Bid Treasury Notes— 5.31 6.41 5.84 _lc lc Group shares of Boston Investors Management Fund B-2 1 9.58 22.62 1953-1951 1. 4.84 2.99 4.86 State Trust Investment 4.43 1 (net 1, Feb. 7.45 7.48 2.54 8 Stork and Bond Group Investment 6.82 Metals oils Shares Insurance 7.09 8.52 4 91 191 Int. Rate 7.55 8.11 5.32 4.54 1.76 10.32 6.49 1 1 Diversified Investment Fund_l Diversified preferred stock_l Electrical equipment 1 insurance stock 1 Machinery 1 Merchandising 1 Inc 99.28 99.24 . Jan. 15.14 6.91 5.97 1 10c Incorporated Bank Group : Ask Bid 1952-1950 1%S 100.7 120% 100.3 119% __..196l Maturity- tl%8 corporate bond series Diversified Industry Fund Institutional 9.55 lo shares— Tobacco - L shares 15.92 14.11 lc lc le Equipment shares-— Railroad stock shares RR 1, U. S. Certificates of Indebtedness tMar. lo shares— Bond Railroad 14.39 lo lc Mining shares.. Petroleum shares 15.14 V—' 1953. I, Canal 13.54 13.93 lo shares Feb. wi Dollar 8.74 lc lo shares Merchandising 30.08 12.52 7.73 9.93 ; 7.05 9.46 ^ures_—lo Company shares—lc Institutional bond 27.82 1 Building supply Chemical Group l%s Panama 8.15 1 Automobile Aviation Bank stock May l%s 1.55% New England Fund New York Stocks Inc— point a Bonds— 2%s Issuer 4.44 7.44 6.59 16.28 52.30 5.00 1 1 1 Inc Other Central Bank for Cooperates— 4.50 4.03 1 1 Speculative Series Agriculture Gas 100.3 Bank 4.33 4.08 1 stock Series. Industrial Stock Series Selected Group Series Low Priced Com Stock Series 16.50 103.1 ,, Land l%s 3.58 3.93 1950 15, Federal *** 100.2 4.22 3,24 1 2.12 33% 5.88 lo 3 3.69 3.83 1 Bond series Low Priced Bond Series preferred Stock Series 1.93 31% 5.29 series Common stock 4.17 4.41 3.34 1 1 Income Series Fundamental Investors Inc Sept. S'-inds of point represent one or more Bid 100 1950 15. tl%s Nation-Wide SecuritiesBalanced Fund National Investors Corp National 4.18 29.08 6.01 5.22 15.06 Feb Banks— Loan Home 1.25s 3.84 3.78 Mass Investors 2nd Fund Inc_l Mutual Fund of Boston Inc—1 Mutual Invest Fund Inc 1 3.97 26.90 10 1 Franklin Custodian Funds Inc— Preferred stock series —lo 3.48 4.00 Steel shares — _lc Manhattan Bond Fund Inc_10o Mass Investors Trust— ctfg Qf beneflclal lntereBt_.l Security Federal 1.35s lc lc lc Non-Ferrous Metals Paper shares Petroleum shares 28.99 19.40 Trust Fund 98.63 47.62 lo Business Equipment shares_lc Electrical Equipment shareable General Industries shares—lc Home Furnishings shares—lo 27.11 18.15 Corp™ Boston First Mutual 96.66 after decimal Figures Ask 46.67 Managed FundsAutomobile shares— 1 1 » Fidelity Fund Inc—— • Financial Industrial Fund Inc.l First Mutual Funds— Par Loorois Sayles Mutual Fund—* ">nmli Sayles Second Fund_10 20o Fund Balanced Stock Fund Bid Tenn $4.65 106% 55%- 56% 52% 53%. Union . preferred Gas 4% 100 107% 100 — 109 106% 107 103 103%'. • Transmission— preferred Electric Co preferred of Missouri— — * (not Included In year's range). b Big yield price, d Deferred delivery sales (not year's range), e Ex-Interest, f Flat price, k Admitted tc listing on N. Y. Stock Ex¬ Admitted to trading N. Y. Curb, r Cash sales (not Included In year's range), t Ex- lot sale included In change. n llquidatlng dividend. (Un) Admitted to Unlisted Trading Issued, x Ex-divldend. y-Ex-rights. z Ex-stock dividend. •No T1949 privileges, wd When delivered, value, tin default. tThese bonds are subject to range adjusted (50% stock div. paid on Aug. 31). par all Federal taxes. wi When Volume 171 Number 4875 THE COMMERCIAL & FINANCIAL CHRONICLE (3951 THE COURSE Or BANK CLEARINGS Bank clearings this week will Preliminary figures compiled by cities of the country, 2.0% above total stands at this telegraphic advices upon week of the sujcnmaryifor the week ended year ago. Third from the chief last 1949. 1 * 1950 '1949 $7,449,028,764 Chicago $7,162,350,672 598,327,655 + 502,882,718 3.6 310,500,000 339,662,000 310,618,921 340,929,930 334,475,512 + 239,793,452 214,379,233 cities, five days Total all All cities, 2,649,786,390 day one — 4.9 + 806,430,048 West 3.5 ends week In + able to are detailed ending Jan. 14. For that week there results was an ings for the whole country having amounted in the week same clearings at this ing to the in 1948. center Federal that appears the of having recorded 7.3%, New delphia Reserve District Districts York in of the to the of 1.1%. loss of District of 4.3%. in the Kansas was they District of 3.9% previous located city) of furnish a from totals and in this show the Weak Ended Jan. 14—• Federal 1st New 3rd 8th 11th 12th 6 _ Atlanta • 7 - Richmond— 6th 9th 11 Cleveland 5fch 10th 12 _ Philadelphia 4th 7th 12 cities York 10 __ Chicago St. 17 Louis. 4 Minneapolis Kansas Dallas. San City 10 __ Total 10 — New 6 ____ Francisco— Outside 7 . York . suffer gain a a of loss of 2.2% 3.4% and now add 2.0 568,632,374 545,159,612 . 1948 % Michigan—Ann Arbor ' . Lansing week ended Jan. Dts Moines 6 976,868,500 1,039,881,934 789,349,595 Tennessee—Memphis + 4.8 + 603,388,868 7.2 661,080,172 578,392,560 3.2 1,069,505,257 395,328,700 477,067,139 — 490,004,455 378,161,079 461,275,637 3.9 — 540,695,324 3.4 + - -y II 300,754,968 752,482,984 739,749,811 Missouri—St. Louis 2.2 — 1.7 + 453,236,604 Total (4 Ninth 246,468,550 795,435,246 14,319,868,818 13,810,914,819 '+ 3.7 + 0.1 678,520,146 14,671,130,9-38 6,999,400,779 7,491,412,933 showing the figures for 13,685,754,105 6,772,677,590 each ? Fall River_„: i—; $ •. 2,590,101 1,990,422 *.873,188 4,315,106 4,919,311 2,057,439 + 11.1 • 925,268 + 8.2 • 2,032,515 + 1.4 2,661,218 2,151,447 1 ' ] ... 9,056,408 8,609,829 + 5.3 9,480,724 — '6,135,564 + 9.1 6,102,435 5,6*2,117 25,832,591 + 0.6 25,125,591 22,822,917 + 2.6 Y2,680,930 42,205.898 3.9 28,360,490 32,911,400 + 0.7 • 1.9 , * -472,233,935 451,853,976 2,311,978 1,986,850 25,980,503 ** 803,953 " 12,692,490 . New Hampshire—Manchester 94,945,765 7,129,859 524,432 110,809,133 603,388,868 12,376,948 27,355,809 26,233,700 1,461,615 1,489,931 — 1.6 564,599,195 553,679,081 + 2.0 New Federal York—Albany 46.644,116 1,408,321 1,168,754 568,632,374 . Helena ' _ Northern New Jersey Total (12 cities) — 873,017 „ 82,548,646 1,899,449 1,690,592 6.9 2,422,182 1,988,913 .7.5 7,179,718,905 6,913,076.515 + 10.6 13,832,268 45,747,812 93,768,283 1.1 22,972.024 + 14,029,933 13,528,346 823,223 New Jersey—Montclair 2,802,633 — 21,055,949 15.255,707 Connecticut—Stamford.^— 39,476,573 3,0.13,556 1.7 — 6,811,514,040 23,282,349 — 23,770,152 1.9 + 2,165,207 7,319,133,109 Rochester—: Syracuse- 7.2 2.7 7,836,074 21.0 526,340 391,593 + 5.3 127,851,066 116,056,989 + 7.2 661,080,172 578,392,560 + 37.8 1,359,681 12,499,416 7,631,367 10,848,189 + — + " 5.1 — 15.7 + —43,7 6,543,691 55,209,000 1.1 — + 21.0 3,201,047 —12.3 65,608,906 3,997,934 29,922,880 15,719,513 1,073,794 768,317,649 3,186,617 II,756,706 5,502,126 3,986,186 6,197,134 t 6.4 + — — — + — — , (7 cities) — — — — 2.6 1.8 '4.7 4.3 3.2 4.3 4.9 52,047,633 55,067,092 7,505,304.667 7,086,479,091 — 124,261,971 490,004,455 - 5,081,922 1,017,305 747,096,937 3.428,752 II,$58,466 4,637,966 0.8 4,199,483 3,398,925 1,069,505,257 957,604,338 105,240,603 + 1.4 297,400,000 137,919,271 103,307,832 244,300,000 129,459,786 92,510,356 —16.6 — 1.9 1,801,881 + 2,2 2,068,221 1,922,031 3.9 540,695,324 468,192,173 6,264,817 272,995,553 6.7 3,869,082 3,711,959 8.5 3,987,022 9,385,545 -18.5 10,911,552 8,520,839 395,328,700 4.3 439,807,026 350,396,004 694,739 7,946,660 3,353,008 - 6,503,284 5,830,602 312,879,902 7.9 - 4,0 8.2 - 91.671,158 237,569,142 93,467,955 85,305,132 8,188,229 6,363,916 3,747,028 3,059,345 2.6 597, 570 + 16.3 471,760 634, 923 + 8.5 736,080 7.616, 514 627,092 + 6.3 8,114,424 126^558,079 7,425,321 + 2.7 9,872,213 14,499,733 123,195, 085 8,395, 157 11,678, 153 + 24.2 291,698 ,565 + 12,037,979 3,172,198 137,292,203 8,137,349 14,805,169 364,750,408 112,539,530 299,211,381 12,539 ,249 12,059,288 297^641,180 15,159,521 12,192,316 2,238,380 2,431 714 477,067,139 Wichita Missouri—Kansas City St. Joseph Colorado—Colorado Springs Pueblo Total 20,443,235 * (10 cities) 461,275,637 + 17.6 Texas—Austin 53,580,739 7,181,944,259 1,871,085 2,052,798 1,526,070 + 3.4 553,896,775 453,236,604 + 7,2 0.6 7,415,554 6,837,535 198,677,000 8,593,666 239,103,752 25,741,588 5,935,000 9,243,000 —35.8 5,082,34*8 5,671,000 4,023,750 14,049,212 + 26.3 10,592,'979 3,779,935 —24.6 10,911,940 8,706,742 294,1'99,'092 cities) 300,754,968 2.2 322,153,108 246,468,550 105,032,446 101,267,131 — + — 0.2 264,472,000 29,902,679 24,597,133 4,805,000 2,845,140 Twelfth Federal Reserve District—San Francisco- Washington— Seattle— Yakima 110,528,345 ; - Utah—Salt Lake City California—Long Beach Pasadena San Francisco San Jose ♦Estimated. 3,679,053 17,303,946 138,995,354 55,021,290 12,906,557 382,086,705 54,361,264 10,744,870 11,366,999 5,863,1-86 8,818,395 cities) tNot available. 11,782,347 4,694,322 752,482,984 Total (10 cities) Grand Total (112 110,760,249 3,1-54,150 139,481,553 15,692,786 385,912,360 Oregon—Portland *2,299,622 54,061,279 2,377,063 8.0 9,213,677 Santa Barbara 7,450,291,353 4.0 + 27.5 — 25,796,572 Fort Worth Stockton— 42,951,908 — 6,962,642 237,578,516 Dallas Galveston 12,634.004 844,575 2,488 707 2.6 Eleventh Federal Reserve District—Dallas— 10,558,212 964,949 392,080 688,801 Kansas—Topeka 12,536,934 7.3 ' 27,461,722 14,485,154 8,093,636 Outside New York - + t 60.591,277 3,513,603 250,676,601 98,929,550 7,738,308 3,127,848 4,027,334 Lincoln— 12,142,732 5.5 I,559,147 6,178,112 5,523,950 51,388,000 4,916,833 3.2 — 1,003,119,838 258,700,000 Hastings 8.7 45,880,972"^ —,0.3 6,422,492 Federal Reserve District—Kansas City— 2.2 6.2 91,749,596 """ " 61,673,446 4,113,086 37,274,020 17,881,716 1,703,447 830,236,710 4,123,839 13,777,299 + 38.4 — 103,597,140 103,235,707 1,841,231 . Louisiana—Slireveport + 1,872,582 2.015,555 New York 3,278,952 76,900,646 378,161,079 Dakota—Fargo South Dakcta—Aberdeen Montana—Billings 545,159,612 + 27.3 3,209,297 80,338,018 1,852,176 Bl'mlra—2— jarrtestow.n—. Newark 36,635,716 3,270,624 81,704,017 Buffalo 3,963,527 89,798,186 96,157,019 7,64-8,871 North Reserve District—New York—■ Binghamtor. 3,934,675 0.3 6,012,567 St. Paul——— Total (6 Second 18,155,110 + 12.3 6,594,425 Wichita Falls Total (12 cities) I,383,142 11,891,109 5,830,224 7,307,580 57,840,000 4,116,347 897,028 _ Island—Providence 4,151,720 85,274,329 — 7,113,687 6,746,785 — 1 Worcester New Haven r * 4'60,648,578 2,061,5-96 Connecticut—Hartford 4,931,210 22,667,823 District—Minneapolis— Minneapolis Omaha 2,285,572. ;! Springfield—' —28.8 r_ $ T, 001,043 1 0.2 Nebraska—Fremont - 4,882,654 Lowell New Bedford 1947 469,456,625 ■. 196,900,000 — 4,790,885 city for the 1948 S ' Portland-).—- Rhode or Dec 2,271,317 64,602,507 236,400.000 470,974,078 " cities) Federal Reserve Tenth Inc. $ 70,948,927 1,8 Minnesota—Duluth Week Ended Jan. 14 First Federal Reserve District—Boston- 8.7 + 26.1 468,192,173 322,153,108 •i 1949 396,608.330 + 262,300,000 . Illinois—Quincy- 350,396,004 553,896,775 4.3 — 396,608,330 439,807,926 •• •i 294,199.092 435,839,901 957,604,338 435,839,901 II 470.974,078 71,905,183 4.8 + 970,641,630 Kentucky—Louisville 856,925,992 1,003,119,833 78,934,528 + Eighth Federal Reserve District—St^ Louis— 5.7 646,843,669 + 22.5 ' «. 839,352,366 970,641,630 6.6 + 9,332,000 19,056,454 11,248,168 5,239,886 3,954,553 791,882,442 14 for four years: Massachusetts—Boston-J 4,277,864 56,906,291 219,800,000 3,084,461 7,181,944,259 423,658,341 423,658,341 735,544,744 v 7,450,291,353 — 74,976,635 1,486,546 Chicago 1.1 1,618,104 3,123,823 200,814,003 29,391,520 14,988,133 Sioux City Illinois—Bloomington 7.3 , 3,951,327 218,810,833 2,807,662 69,782,235 3,893,961 Wisconsin—Milwaukee Iowa—Cedar Rapids Total Maine—Ba ngor 109,083,050 8.0 — 7,981,176 + •$ 13,148.000 117,829,704 204,240,244 57,194,000 South Bend. + Clearings at— 2,350,271 7.1 4,200,887 | Torre Haute 914,132,663 1950 3.5 6,743,497 Indianapolis 7,086,479,091 statement 3,165,509 — — 1,906,284 11,287,437 Grand Rapids Indiana—Fore Wayne 1947 $ !• detailed —19.5 + — District—Chicago- Rockford . + or 7,000,735,709 our 3,055.889 646,843,669 923.919,732 .112 cities 789,349,595 116,639,649 Total (17 cities) * City.. 856,925,902 634,635 CLEARINGS 553,670,081 •i 5.7 6,934,803 Peoria Inc. II 260,618,191 12,727,000 4,781,797 4,139,087 95,729,109 101,820,628 Seventh Federal Reserve the Dec 443,793,111 5,848,723 292,746,331 — 20,716,417 Total (10 cities) but in $ ii 0.1 + 71,747,454 '7,605,304,667 ii 6,630,377 839,352,366 223,700,000 Mobile Minneapolis Reserve 1949 564,599,195 28,052,500 4.154,235 8.1 + — District—Atlanta— Louisiana—New Orleans "an " We Federal Reserve Decatur << 34,173,100 4.5 124,377,686 Mississippi—Vicksburg Phila¬ $ Boston 6,066,265 179,959,748 443,793,111 Florida—Jacksonville _ BANK 6,506,348 304,526,304 91,822,249 Columbia—Washington Springfield OF 7,961,416 284,620,912 —16.0 7.4 217,793,039 Alabama—Birmingham it 1950 Reserve Districts 2nd the summary by Federal Reserve Districts: SUMMARY 3,537,870 2,591,240 182,190,660 3,938,892 Macon.l the week — and the 2.0% and City Reserve District the totals enjoy we — 330.524,851 2,460,095 We group the cities accord¬ In the Dallas Reserve District the totals following 4.0 6.7 17.8 + 1.3 12,283,000 Augusta gain of 0.1%, the bank a are San Francisco Reserve District of 1.7%. In the 4,876,094 0.9 15.2 115,495,836 Georgia—Atlanta be estimated. In the 3.2%, the St. Louis Reserve District 4,207,796 4,902,292 + — — Federal Reserve District—Richmond— Nashville..: Cleveland Reserve District the totals are smaller by 5.7% but in the Richmond Reserve District the totals are larger by 4.8% and in the Atlanta Reserve District by 7.2%. The Chicago Reserve District records a 5,018.034 Virginia—Huntington Sixth present further below we (including this Reserve 32,014,300 791,882,442 Tennessee—Knoxville press. $14,319,868,818 against $13,810,914,819 which District Boston 1,049,298 3,082,627 1,003,000,000 appear the Vsmek as going to has to cases week gain of 7.5%. a in 9,053,110 166,645,887 334,037,707 8,606,045 I© increase of 3.7%,- the aggregate of clear¬ Outside of this city there Reserve in improvement not available at time of statement, however, which give final and complete 1,039,881,934 4,789,839 Maryland—Baltimore by the foregoing will today, inasmuch above the last day of the week in all the elaborate are covered furnish them Saturday and the Saturday figures Accordingly, in the we the We cannot 976,868,500 284,433,593 :>,iv. exact details for 1.1 34,371,490 Total (6 cities) Cbmpiete and + 7,601,191 RichmondSouth Carolina—Charleston 3.2 —18.1 $14,871,514,752 $14,577,121,518 in-our issue of next week. 914,132,663 168,740,071 Virginia—Norfolk District of v 4,531,773 8,585,964 6,625,883 753,852 1,138,284 3,333,012 939,000,000 1.9 1.9 + 2,745,364,265 660,354,922 Total all cities fbr week 5,775,534 283,340,303 Total (7 cities) 1.1 — $14^211,159,830 $13,770,691,470 ... 9,164,490 16.4 Youngst.own 9.1 + $11,561,373,440 $11,025,327,205 cities^five days 8.2 + 923,919,732 Pennsylvania—Pittsburgh Fifth cities, five days + 6,809 ,933 921,534 5.4 + + 11.9 Baltimore Ten 1.4 9,484 268 7,924,579 Mansfield 4.1 — 307,283,154 Cleveland 4,555 ,267 10,261,738 2,556,888 4,573,150 Jersey—Trenton Columbus 5.7 — 370,726,000 Pittsburgh 2,592 056 4,493,387 Cleveland 1.7 — 298,130,494 297,800,000 Other 3,053,920 Cincinnati 281,262,220 St. Louis San Francisco 5,836 584 Ohio—Canton + 32.4 954,000,000 494,347,291 Kartsas City— 3,287 ,744 23.6 I — Fourth Federal Reserve District—Cleveland— 4.0 + 988,060.000 . 875,000 ,000 5,445,836 983, 451 % 702,202,629 Philadelphia Boston 1,247,333 3,154,974 Total (11 cities) Clearings—Returns by Telegraph 1,205,520 883,000,000 Delaware—Wilmington New $ —15.2 2,944 160 York w£ek follows: 1,328, 383 1,260, 817 Wilkes-Barre Our comparative 1947 1,215,989 1,192,918 Philadelphia Reading At 1948 Dec. '/p *3,050,000 Scranton week in $ 1,126,391 Chester Our preliminary year. same 1949 District—Philadelphia— Lancaster weekly clearings Friday of 4.0%. Week Ended Jan. 21— „ Federal Reserve Pennsylvania—Altoona Saturday, Jan. 21, clearings corresponding week gain for the a a Bethlehem ended States for which it is possible to obtain those is with compared $14,871,514,752 against $14,577,121,518 for the there center based us Week Ended Jan. 14 Inc. or 1950 $ increase an indicate that for the for all cities of the United will, be show 39 739,749,811 14,319,868,M8 7,000,735,709 i,- 9,079,064 — 0.2 —14.3 4,024,722 4,316,807 0.4 156,410,805 98,030,461 1.2 61,620,703 46,577,602 12,873,443 9,594,767 380.885,109 12,590,153 4,030,842 + — + 34.1 12,108,587 + 46.1 11,280,323 1.0 418,056,517 13,136,756 + — 3.5 + 24.9 — 2.9 4,996,345 8,768,042 8,353,831 1.7 795,435,246 678,520.146 13,910,914,819 3.7 14,671,130,938 13,685,754.105 6,999,490,779 0.1 7,491,412,033 6,772,677,590 + 40 Monday, January 23, 1950 FINANCIAL CHRONICLE COMMERCIAL & THE (396) PARTIAL Foreign Exchange Rates give below buying rate for cable of the Treasury the Industrial 13, JAN. and 1st Jan., 14 Jan. 13 Preferential "B" Special pound Australia, — .206949* .206949* .206949*) .174562* .174562 Cornell-Dubilier , Ceylon, rupee _ .909090 .897500 .896015 .208500 .208500 .208500 .0200600 .0200600 .0200600 Denmark, krone India, Mexico, ._. .262825 guilder k.vone — Portugal, escudo .140154* .496166 .496166 .0348375 .327225 Uruguay, peso 2.783750 2.800781 2.800703 2.800742 2.800742 .658327*f .658327*f .568327*t .568327*1 .561797*t .561797*t .561799*1" .561797*1 .561797*1 — _____ Uruguay, peso .425531*t .425531*1 .425531*t .425531*1 thousands (in of dollars) Increase (+ ) ox decrease (- —) since 548,073 Govt, 30.722 ■'+ 326,143 96,627 2,101 advances., and 1.840 — 55 -f securities: A" 3,738,387*, Bills Certificates Notes -4-r- __ rv* rkm -62.000 — _-'2l 197.888 4- 23,193.504 gold ctf. reserves cash Industrial loans S. 79,113 — notes Total 12437 .Feb 1 6 Jan 31 V .Feb 1 6 preferred stock .Feb 1 12587 Feb 1 196 139 6:398,450 550,700 7.134,150 10.000 — 31.304 — — 144.880 1,284 -T- credited posits — ■ 31.050 domestic A to districts. + ■4 51.450 —3.463.717 . . A 358.143 — Govt, securities. S. 17.871.637 securities— 17,970,415 loans Total and —4.245.779 359.928 — ^ R. F. items Uncollected Bank premises Other assets 1 assets Total 437.256 V + - 153 1.635 — 53.314 118.409 —4,513.632 loans 149,896 — 23.097,777 notes bank—reserve Member U. S. Treasurer — gen. Foreign Total deposits availability items.— liab., incl. accrued divs. 126.505 73.303 — — — 18,247,601 2,557.117 8,171 — 75.248 74.323 338.382 1.151 — 43,910.726 liabilities Total ,-r 469,936 ; Deferred 198.833 — 16,486,793 acct. 381,293 909,639 acct. —3.645.718 422.503 — 194.654 4 — Other Other 638.863 — -r 113.012, 31,900 — -—3,955.467 -r " 15.260 2.814 — First Httels, Gibson First 213,139 488,173 27,543 118,200 Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts Total liabilities & cap. accts. 44,757.831 4 653 -r 4 10.910 21,462 4.744 4 gold of certificate 118.409 serial CT. purchased for foreign correspondents trial make loans +• 0.31 6.01 In Federal Reserve vault S. — 240 5.882 1,864 58 227 The condition of the statement Federal Patrician Mills, Co., principal changes for the week end¬ 11: An increase of S457.000.000 in holdings of Apartments Annex mortgage & — — 1,558 — an increase of $165,000,000 in demand deposits ad¬ 259 20 — — 13 — and U, S. Govt-, 4 32 54 21 406 271 403 & Candle Baumer 4 — 4 4 '4 - 4 4 — 4 — Real estate loans increased $32,000,000. 1 » a 30, '49 -Feb 1 -Feb 1 140 -Feb pfd. stock, seri due 1 140 12588 1960__ pfd. stock—-Jan. 3, '50 7',/ Volume 4In issue. 170. • 18 20 371 30 265 22 870 — 2,313. — 23 14 128 4 4 & Fitch Steel Co. Abererombie Cast Alloy Aloe Ltd. 3 V2 "t ^-> 621 318 —- 156 4 1,102 — 356 .4 510 1,212 151 — 90 73 — 212 ■ — 106 — . Corp., pfd. $2 NOTICES OF Anglo-Canadian MA & Co.. Fuel 71 Feb 1 bds.. 2nd ser., clue 1974_Jan 20 cumulative preferred stock Page 190 Gen. and rel'. mtge. 5% gold bds., series A, due Coal, Iron & RE. Co.— mortgage bonds, due 1951 Textron, Incorporated, *Vz% 1990_Jan 191 ' Jan 24 debentures, due 1958_„—Jan 20 4 2-15 2- 4 3- 1 2- 3 3- 1 2- 3 3- 1 2- 3 5 61/2 C 2- 1 1-20 class A Telephone iquar.i _ 115c 3- 1 2-10 $1.50 1-30 ,1-20 12'z-iC 2- 1 62 l/2c 2- 1 Liqueurs — Oil Refining, & Plywood & Shoe, S.i (A. 4% Belding preferred Heminway Bell Gossett (fe 3-15 2-27 3-15 2-27 $1 3-13 2-13 37 Vac 2- 1 1-23 1$1.37Va 2- 1 1-16 2-28 2-14 (quar.i Inc. . Co, 25c _ preferred (quar.i— (Sidney) & Company, . - Fund, Inc. .(quar.i- Rubber Co., Inc. Hills Site Falls Co. California 4.4r,'c Water preferred ' Service 231 » Common Class A (quar.) (quar.) 2-15 I 2- 3- 1 2-15 30c 3-23 3-10 J)-12 3- 15c . . 3- 1 I 2-17 .. 1-31 16c 2-25 25c __ 3- 10c 1-25 1-16 1 2-13 11 15c iquar.i iquar.) 2-15 2- 20c 3-10 2-10 27 VaC 2-15 1-31 33 VhC 2-15 33c 2-15 1-31 1 2-15 Co.— C iquar.) preferred D (quar.i 5.281 preferred E iquar.) Canada Safeway, Ltd., 4Vu 1 5.31 1-24 2-15 $1.06 »/4 (quar.i .... Burroughs Adding Machine Co. 1 Inc.— iquar.) Co. 3- 20c iquar.) (quar.i Blumenthal Quarterly 1 30c Black Sivalls & Bryson. Inc., common 4.25't 2- $1.18% (quar.i iquar,) Co. $1.75 (increased 1 common 1-20 30c (quar.iProprietary, Ltd. preferred 6 40c - Building, 1-20 2- iquar.)__ Corp. Wiborg 6 (quar.j—_ common RR. Line Coast 1 2- 5c : preferred convertible $1.20 Atlantic 1-25 3- 5c lannvali Corp. 1-25 3-15 30c pfd. iquar.)_ 1$1.12|Va Canadian Car & Foundry Co., Ltd.— 31 3 2- 75c participating preferred iquar.)_ __ Animal Trap Co. of America, com. iquar.) 5% preferred (quar.i Arizona Edison Co. (increased quar.i — . Associates— mtge. & col. trust 311 St. Louis Southwestern Ry.— 1st 2-15 50c 6r,l Buck Date 1 2-15 Foundation—- Animal Boston TENDER Company and Issue— 3- I 62 VaC <quar.i preferred (quar.i_ _ preferred iquar.iAmerican Screw Co., 4,L>/« pfd. iquar.i bVz't given in the "Chronicle." 2- 5c $3 Beck 4 87 V2C (quar.t pfd. conv. (quar.i $2.50 Arrow bonds, notes, 3- — .. General American Ault 1-20 5c Furniture American Atlas. 2- 1 $1 _ — iquar. 1 Airlines, American 1-10 2-15 2- 160c _ 1-16 30c _ iquar.i Aluminium, Payable 0) Rec. 25c ; — iquar.i Co. S.) (A. Holdert When Share Company Brown General 8 Feb Per Name 0) + 4 be found a list of corporate the details were Tennessee 195 27 during the current week. 4 842 4 1,289 4 2,443 Brunswick Holdings of Treasury bills increased $165,000,000 in Chicago and $161,000,000 in New York City. Holdings of 12587 1 DIVIDENDS 165 6 4 Commercial, York City. 12586 1 payments shown below were announced The dividend 457, 62 29 . — — 38 39 296 35 546 4 4,596 4 4 4 21,325 Below will _ 1 :. Inc., Co., this in ♦Announcement Balfour Gas * Ry.— — 4 Notices (A. * Feb ^ stock— 3 "kbonds, trust Collateral Redemption Balls and Sinking Fund 3yers * 1 1, "49 Corp.) — l3'«-3',4bds., due serially to Collateral trust accounts, during week Eastern « •—1 — Maryland Western demand deposit accounts, except justed. industrial, and agricultural loans, in¬ creased $6,000,000, increasing in six districts and decreas¬ ing in the other six. Loans to brokers and dealers for purchasing or carrying United States Government and other securities decreased $279,000,000. largely in New 1 12437 Cold Storage Corp.— preference prior Westii\ghou,.se Electric Corp., 3Val ing tenders, and the page number gives the location in the current volume (except, where indicated) in which and 1 Ry.— Union Pekin States 41 $265,000,000 in balances with domestic banks, and $356.000.000 in demand deposits credited to domestic banks: Treasury 1 income bonds. (4C5 Fullerton Pkwy. Bldg. Corp.) income bonds ; mortgage United bills; decreases of $291,000,000 in loans. S371.000,000 in reserve balances with Federal Reserve Banks, Jan. 30 -Feb .Jan preferred and common stocks called for redemption, including those called under sinking fund provisions. The date indicates the redemption or last date for mak¬ ed 193 -Jan ;c. De lirst pfd. stock (Parkway Bldg. 71 Society of Sisters of Charity (Lewiston, Me.) — 1st mortgage, 4 7 bonds, due 1959..., —, 9,937 •. — System in leading cities shows the following — -Feb 2nd deposits: of weekly reporting member Reserve 1914-.. due 1969 preferred stock—_ Industries, Flour Montana Ashland banks 103 w dated Extra Condition Statement of Member Banks * 103 14 -Feb 4,761 705 621 4 — — 2,021 deposits Domestic banks Debits to Feb 3Mi'i- bonds, mortgage France Extra Government interbank — 102 1, '50 -Feb 1st La Will 48,140 i 15,380 deposits adjusted deposits, except Government Borrowings 9.231 4 5,055 12,403 839 2,415 Banks Foreign banks indus¬ . with Interbank demand 56.11 ances to : —— Demand Contingent liability on accept¬ Commitments bonds Reserve n. 12584 Light Co.— & Power Kansas 35,880 —4.513,622 re¬ serves,, to deposit and F. R. note liabilities combined-— 13,857 2.999 6,804 3,486 24,631 Treasury notes S, 102 15 -Feb bonds, due 1966——— due 1950 and 1951. 41 bonds, mortgage 3Va1 Liabilities— - 102 for purchasing or bills —: Treasury certificates of indebtedness Cash 102 Elk RR.— & Hastings Square Hotel Co.— 6% 1st mortgage, bonds, pur¬ 'Treasury Time Ratio for Balances with domestic banks - — securities Other securities Accounts— Inc., Cheat Greenbrier, 1949 6 — — —4.581.884 12222 3',a1 preferred stock-. general mortgage bonds.: Corp., Boston Peoria 135 291 291 4 Government S. a V 1 1 millions of dollars), obligations—443 807 carrying: IU. S. Government obligations 161 Other securities -421 Real estate loans 4,379 Loans to hanks—. 217 Other loans 4,468 U. S. Government securities—-Total— 37,920 U. Other loans Page 15 15 1 chasing or carrying: U. Capital dealers and brokers Other Deposits: — — to 231 1 and agricultural ' •Commercial, industrial, 1 called Co. Since 1950 67.357 24,382 24,753 Investments—Total Loans—net Liabilities— Reserve i in Assets— and * Feb 1969—-. issue Jan. 12, Jan. 4, : 1950 Loans—gross •f due series A, bonds, 12588 15 - Patrician Apartments Jan. 11. Loans Federal Co.— 1 Service Cities Inc. (4) or Leans » Date Light motrgage 1 1 .Feb reporting of the assets and liabilities of summary 211.583 — 12583 1 -Feb ■j 27.616 — 23 — ? ^ 11 4.337 t 44,757,331 —_ 5.869 -f- 12588 .Feb member banks follows: —4.389.375 — 9 23 decreased in most banks Dec. (—) 38 162,840 2.969,313 34,023 101,520 banks Notes of other banks from foreign Due 1948 of debentures 2nd Total U. 1 -Feb $108,000,000 in New York City. Borrowings decreased 93.681 1 Company and Issue- adjusted increased $56,000,000 in the Richmond District. S39.000.000 in the Dallas District, and S34.000.000 in the Chicago District. United States Gov¬ ernment deposits decreased $156,000,000. Demand de¬ 922.193 — Feb .Feb .Jan Milling Co., Worcester Gas decreased $113,000,- of indebtedness * Co.— New York City and in 192 .Jan bonds, series A, due 1970 3Va1 debentures, due 1961 — 3 I 1- mortgage & 2% 1 debentures, due 1973 Refrigerating & Warehousing Corp.— .Feb 1st mortgage 4'? bonds, due 1958-:— _ Washington Terminal Co.— .Feb 1st mortgage 2Au 1 bonds, series A, due 1970 -Feb West Virginia Pulp Paper Co., 4 Val pfd. stock— $39,000,000 in Chicago, and increased S26.000.000 in the Philadelphia District and by smaller amounts in most of the other districts; the net decrease at all reporting member banks was $62,000,000. Holdings of United States Government bonds decreased $39,000,000 in New York City and $31,000,000 in the Philadelphia District, and increased $29,000,000 in the Boston District and $27,000,000 in the San Francisco Dis¬ trict: there was a net decrease of $18,000,000. 000 , Bonds $3 Pile Co., Concrete Ray 25-year Demand deposits R. F. 277,001 + 22,645,431 — for $ S S certificates 1949 1950 1950 Assets— Jan. 19, Jan. 11. IS. Jan. Other 1 Mar 3 Vi ', entire 12 Federal Reserve Banks Combined Discounts 15 & of merchandise. upon type Statement of Condition of the fund Jan .Feb A debentures, clue 3%1 Stores, Inc., 15-yr.. 3 Va debentures. Mfg. Co., 4l/2l serial debs, due 1952-1953 Fair 1st tApplication depends Treasury certificates Redemption 1 series stock, Terminal _— "Nominal. 192 15 Feb Serial .232940 2.783750 .425531* t Uruguay, peso .232360 2.801781 Kingdom, 16 Feb 1st 2.783750 Closed Feb Swift .232800 2.783750 3 Standard .193329* .193329* ,193329* 3 192 .0348625 2.783730 ® 103 1 Joliet mortgage .327225 .232700 .232800 ___• Africa, pound-— pound sterling- of South United .140154* .496166 .327225 23' 1 Sun .140154* 0348000 Jan Corp.— Packing Corp., Raymond .658327*t „ Switzerland, franc Union 2.772896 2.7728^6 .193329* .193329* krona Sweden, .262787 2.772896 .327225 .327225 dollar. Settlements, Straits .262775 .115722 .0348750 .0348791 __— .262800 15 Co., 2% 1 notes, due 1958 McCord Corp,, 10-year 4 Val debentures, due 1956 May, Stern & Co., 5 4 preferred stock-Midlothian Country Club—. General and refunding mortgage 4Va% bds.. due 1959 .208700 .496166 .496166 Philippine Islands, peso 115722 102 Feb Lynn Gas & Electric .0028625 . 1 Fox Brothers .140154* .140154* — .115722 2.772896 Closed 2.772896 Zealand, pound Norway, .208700 .262800 .115722 peso Netherlands, .0028625 .208700 .115722 .208700 .144938* .0028623 .208700 12223 Apr 1 1st .144938* .144938* .0028625 .0028625 1 .Feb Food .144938* .144938* — (Metropolitan), franc Dominion of, rupee France .0200600 .0200600 koruna Czechoslovakia, U. .9090.90 .395312 .208500 .208500 Gold .0544060 .909090 .894140 .890312 Free 12223 .Feb Drug Co., lb-yr. 3 Vie'1 debentures— Southwestern Gas & Electric Co.— .0200125 .0544060 . 12223 1 Eastern Ry.—bonds, series A. due 1970—____ Firemen's Insurance Co. of Newark, N. J.— $4 preferred stock First Investors Shares Corp., 6', conv, deb. bonds.— .0200125 .0544060 .909090 1 1962— .Feb Elgin, .0200000 . 103 Feb 1962, .Mar due Corp., Eleclric preferred $5.25 Deerfield 2.231573 2.231573 » 2 1970— .Feb bonds, series A, due 1961 prior preference stock mortgage 3%1 1st .138958* .138958* .138958* 2.231573 .0544060 .909090 Official 1 Power Co.— Copper-Bessemer .174562* .0200053 .0544060 dollar— Canada, 3Vcs series L, due mortgage River Connecticut cruzeiro Brazil, New .297778* .297778* 2.231573 Closed .0199946 franc Belgium, % $ .297778* .138958 * .133958* 2.231573 a Mar mortgage .174562s .174562* l. 1 ; ref. .297778* .206949* "A" general .206949* .297778* Preferential a Feb 3% 1 bonds, series E, due 1960 1st mortgage 2%'J' bonds, series G, due 1974 Cleveland Union Terminals Co. 1st mortgage bonds, series A, B and C Jan. 19 Jan.18 S $ * S 1 & and 1st Jan.17 Jan. 16 Argentina, peso— Basic New York Buying Rate for Cable Transfers Jn Value Jn United States Money Unit Country and Monetary 189 Feb Western Indiana RR.— mtge. 4V»1 bonds, series D, Cincinnati Union' Terminal Co.— Chicago 1st Noon 1 Co,— Power Maine Central UNDER TARIFF ACT OF 1930 FEDERAL RESERVE BANK TO TREASURY 1950 TO JAN. 19. 1950, INCLUSIVE CERTIFIED BY RATES EXCHANGE Pagfl 1965- Feb debs., due 3% Corp.—. 3 Vtl debentures, due 1964 j_ Brooklyn Borough Gas Co.— 1st mortgage 3Va'v bonds, due 1970_ Carolina, Cllnchficld & Ohio Ry.,— 1st mortgage, 4s, series A, due 19G5_ countries of the world. We transfers in the different Co., 20-yr. Loan 15-yr. passed: record for the week just a FOREIGN Federal Reserve Bank certifies daily Tariff Act of 1930, the requirements of Section 522 of the Pursuant to the Date Oil & Refining Ashlancl Beneficial to the Secretary REDEMPTION Company and Issue— . 3- 1-31 120c 2-22 1-31 125c 2-22 1-31 [Volume 171 Number 4875 THE Per Name of Company Share (increased quar.) Cos. Oil Canadian Central Arizona Light & Power, No action 1 2- 1 2- 6 3- 1 2- on a 45c 1 1-20 1 1-20 $1 $1 (increased— pfd. Pictures Corp., preferred 1-24 3-31 3-15 3-1 2-17 (quar.) Co. E.) declared 50c Voting River reported & Dravo Co. — for West Biothers Freiman (A. 4(4'c & J.) Co., Inc. Inc., common Securities, 3-15 2-15 1-31 2-15 1-31 1-26 3- 75c 2- 1 3 30c 1-31 1-20 20c 1-31 9-30-49 3-10 2-28 3- $1.12(4 1 2- c 2- 1 1-18 $$1.12(4 2- 1 taken on Finance 5(5 preferred 4(5 preferred Foods Corp., A 2- 87 *4c 1 2- 1 3- 1 2- 1 37 (4c 2- 56'Ac 2-15 2- 3- 2- 1 1 1-26 15c 1 dividend Jan. 16. 25c 3-15 common (.quar.) 7'Ac 2-14 3- $1.75 _— 2-14 1 2- 5-25 5-10 $1 (s-af (s-a) Corp. (quar.)— 2-15 25c ____ 5-25 1 5-10 50C Outdoor Advertising Co.,'Common— (quar.). General Paint Corp. (reduced qua-r.) General Plywood, 5'A preferred (accum.)Goodyear Tire & Rubber, common- (quar.)__ $5 preferred (quar.) ___ A 6'5 Government Employees I Co., Ltdri Greer Hydraulics, Inc., 5(5 :CdttvYpfd> (quar.) Hammond Instrument Co. (increased); Coal Hancock Oil Co, of California— Class A A Holden V ' —————: F.) (J. Company, (quar.).— A 3-10 2-17 2-15 2- 1 2-15 2- I 2- 1-23 25c 25C 1 $1 2-15 $1.25 3-15 2-15 50c 1-31 1-25 $75c 2-15 1-27 1-20 $1 3-10 2-24 33- 1 2-15 50c 3- 1 2-15 25c 3- 1 2-15 $12(4c „ Manufacturing Co,, Class A (quar.) Holly Stores, Inc.,' 5 (5 50c 1 2- 1 Hopieer-Electrochemical,!,common (quar.) .;.. 2- 1 1 1-20 A common 30c 2-24 Foods, Institutional Inc., 5(5. prtf. Quarterly 3- 2 3-28 3- 2 3- 1 2-10 "$1.06(4 3- 1 2-10 75c 1-31 1-27 Ltd._ $$1 3-13 2-10 3Cc 3-31 3-20 r__ $1.50 3-31 3-20 2-28 2-15 International Investors Harvester, Stock. Fund, , Co... 7(5 2-28 1-31 3-10 2-17 10c pfd. (quar.) of 2-10 1-23 3- 2- Maine— Inc. $1.75 15c Yards, Co. iannual) 5(5 -preferred (quar.!—-,.— .... 25c $1 Furniture .Kansas-. City- St-ock Common* (quar.) Corp.— , ... : 1 2-21 4 1-31 & 2- 1 1-17 2- 1 1-17 ' $1.25 2-10 Union 3-20 United 1 2-1 2- 1-20 1 3-20 preferred North 1- 5 3-7 Waite 2- 1 American 2-15 2-1 2-15 5-31 1-14 4-1 3-14 Western 1-31 1-20 Co. Class B Pacific 6(5 & 3-15 Worthington Pump & 5(5 1-19 1- 9 4(4(5 cum 2-10 4'/2(5 cum. Pacific $4 Portland 7(5 35c 10c Art 2- 1 2-15 1-30 2-15 1-31 34%c 2-15. Extra 1-31 2-15 Pa.) A 2-15 2- 1-28 Silverwood 1 1-16 3-20 2-28 $1.12*4 3-15 2-28 $1.12(4 3-15 2-26 37(5c 1-30 1-20 conv. pfd. (quar.)____ 75c 25c Fields, Inc. (irreg.) closed for resident income tax _ 3-15 3- 10c (quar.) 2- 2-1 1-11. 1 1-14I this dividend. Canadian non-residents' deductible at the tax. Non¬ source. 7(5. tax. Jamaica income tax. Corporation and 1 1-20 2- 3-15 1949—Month—194,8 1 6,05» $3.99,071 $4,949,707 $4,136,752; 364,470 58,842 325,345 3.878.136 35,223 483,683 3,185,627' 438,779) 1 taxes income $76,334 $38,503 $587,888 charges $512,346? 57,525 23,686 382,084 360,060' 2-20 171, 106. p. Blair Edward 2-10 1-30 tors 2- 1-16 SEC for 1 1-30 Holdings Corp. above.-—V. 109, (initial) 1-14 3-3 2- 56c 1-19 _ (accum.) | • 27c $1.25 2-1 3- Co. (N. 2-17 2-17 75c 2- 1 1-20 2-1 1-20 Co. 2- l and 3-31 3-31 3-3 20c 2-15 1-24 50c 3-10 2-17 12c 2- 5 1-31 ?15c 2- 1 1-24 ilOc 2- 1 1-24 2- 1 —.— — B__ 2- 1 Inc.— 1-20 be 3-10 Co. (quar.) (quar.) B__; 3-11 3- Mr. the would stock common in Kentucky West Virginia Gas Co, Equitable Gas Co. Philadelphia Co. in payment therefor the prciarrcd would stock: 3-1 2-3 2-15 1-27 35c 2- 1 1-20 40c 1-25 1-16 solution 1-16 Standard. The If 2-28 2-28 Ltd.— * $$1.25 4- 1 2-28 that by which that purpose. determination no effected, Standard board amount of .received 1 for such stock will that, except be if had sold yet been made the or time as when ta¬ th© market . 1-20 4- Co. agencies. 1 4-1 stated be would 2- JlOc Philadelphia ...... Boshell method 27V4c 1-25 by conditions remaipfavorable, it is contemplated that an offering might be made as soom as practicable after permitting time for the preparation of registration, statements containing year-end figures, the solution of the tax prob¬ lems and the receiving of the necessary approvals of regulatory 2 $15c Dairies, of reorganization cations. Blumenthal Sidney) class Standard's principal subsidiary, Philadelphia Co,, the necessary applications with the >EC foe to retained ttle ... (New Haven) the* Public The 2-20 15c (quar.)., direc¬ to debentures sale 35c (quar.) Corp.— preferred the Wisconsin applications would indicate and it is the intention that th* System will sell only the stock of Wisconsin or the stock of Equitable-., Both applications will be filed in the near future to expedite th« sale pending a solution of various problems, including tax problenuy which must be resolved before it can be determined which asset wLE be sold. It is expected that the decision as to which asset will b,& sold will be made prior to the hearing before the SEC on such appli¬ . ( that applications stock of 1-24 50c : announced necessary common file sale, 3-3 $1.02 19 the of y.'hich it is contemplated v/ill no used in exchange the retirement of the non-callable stock of Philadelphia Co. under the pending plan as well ns additional shares of common stock. If the common stock of Equitable is sold the senior. securities would Gas- (quar.) Jan. on the of for 1-20 35c to The any and deliver Y.) — (quar.) all of the reorganized Equitabl® cf Equitable Gas Co., which would; general follow the procedure contemplated in the present plan for the retirement of the non-callablc preferred stock of Philadelphia Co. and would involve the acquis*'-.'on by Equitable Gas of alt of the stocks of Pittsburgh & West Virginia Gdm Co. precede 1-18 1 3-1 $1.37(4 time same authority to. sell all 9 88c (quar.)___a pfd. (accum.}___ President, the filing Corp. requested Gas 1-10 1- Boshell, authorized authority to sell the was — 1 O. have At 1- .7 4-1 2687. p. t 1-23 20c Y.) $4,142,802'; Standard Gas & Electric Co.—Seeks SEC Approval to Sell Wisconsin Public Service Corp. or Equitable, Gas Co. Common Stock— j' 3-15 3- 90c Co.__ Earnings—• 1949—11 Mos.—1948- Spreckels Companies—Blair Interest Sold— 2-24 4- 50c N. 8) page $499,646 Service (s-a)__ Shares____ (quar.) 1-31 2- 25c 21,500 Sec the senior the of If by recognizes that the securities over-all the stock of of Co. advance 11 and Public such same the over-all Co. problems of Philadelphia Co. used to is of a substantial desirable that the proceeds retire in company senior the- and will be securities. Service is sold, it is contemplated, proceeds to Philadelphia Co. for the* purpose. The advance would to protect Standard's position in. of retirement Philadelphia Equitable Gas is sold, Wisconsin will of Section Philadelphia stock that Standard . Western 4-17 2-15 550 1 40c (quar.!_ preferred 4-30 28c 3,500 10c : 6(5 Ltd., $1.50 1 $4,971,207 1-23 40c Dairies, 2-15 $399,621 —V. — ' Silverwood 2-3 1 $503,146 20c _________ Traction pfd. (see 1 3- 1-31 30c Blumenthal 3- 90c Net oper. Net after 1-31 2-15 31*40 Co Co. 30c 1 Operating 1-31 2-15 31*40 50c preferred Works, quarterly, Security Insurance 5(5 2-15 37(40 H.) Metal Sibley Lindsay & Curr Sidney 1 35c convertible 2- Operating revenues. Operating expenses 1 2- $1.25 _________ iquar.) Container 1-17 2-15 Operating revenues Uncollectible oper. rev._ Products, Ltd.— Dillon Seaboard 3- 2-15 10(5 Regis Paper Co. Scotten 3-10 31(4c B Increased St. 1-30 $1 class 2-1 Southwestern Associated Telephone Co. 3-21 62V2C common Company, Rath Packing Co 25c ,75c $1.25 ___ Participating preferred A (quar.) Participating Ronson 1 1 75c (accum.) Randall 1-30 2- common_ Period End. Nov. 30— 4- 2- 20c — (Phila., Distribution Milk 3 2-15 (quar.) (Continued from 2-15 iTOc Inc. 2- 1-25 2-15 25c & 2-16 Investment News Co.— (N. Electi-ic 1 (quar.)"__ not 1-12 3-1 22(4c common 4.08(5' preferred (quar.)— Puget Sound Power & Light Co. Class 1-13 $1 (quar.)— dividend Pullman, 30(5 1-20 3- pfd. General Cement— A preferred preference Quinte 1 $13-1 Bank & Trust Service Si.40 British xLess 1 50c s. Funds, less 15(5 Canadian funds, tax 1-20 $1 $3.50 — Coke, 1-25; 1-30 2- $1.12(4 U. 1-25 <quar.)_— series prior pfd. & 2-15 - 20c 5(5 I 2-15 . 1 1-30 10c Co.____ 15(5; 1-25 Co._. Co. Steel, Gas Stock 2-9 2- 6 convertible preferred Public 2-17 Gas tax 3-10 —_— Co. convertible 1st County Less a 2- 3-1 Machinery, 6(5 "Transfer books 1-24 2- Increased quarterly Pittsburgh & Birmingham Pittsburgh Brewing Co.--- 5(4(5 2- 1 2-15 3- 3-10 Pennsylvania Gas Co Peoples Drug Stores, Inc.. (quar.) Peoples National Bank (Brooklyn, $2.50 Co., 3-10 class (irreg.) Investment non-cum. Cab Light Co.— Casualty 30c 56*40 $1.06*4 (quar.)_ prior preferred (quar.)_ conv. tPayable in. ^Payable in Cement—• Ltd. Co., Pittsburgh 1-31 4-1 preferred (quar.)_ Rust-Proof Co.J. Penn 1-31 2-15 Parker Peerless 2-16 Light Co Yuba Consolidated Gold 2-17 2-15 85c (quar.), Panhandle Eastern Pipe LineNew common (initial quar.) Patican 1 2-15 93%c (initial) & 1 __ prior preferred 1-20 preferred $5 3- 50c Power 3- 3-3 Mills common 1-17 $1.06*4 i Youngstown Steel Door Co. 1-31 4-1 preferred Portland New — York 10-20 X-30 (quar.)— preferred (quar.)__ redeemable preferred A (quar.)__ Pacific 7-22 4- 1 redeemable 5(5 Yellow 1-21 15c (quar.)—__ preferred (quar.) 1st 5(5 preferred (quar.)_. 3- $3c preferred 5(2(5 I (quar.) 4- 4-1 preferred Electric RR. L 15c common— Gas 2- Electric Power, common preferred (quar.) Service, 5(5 $1.12(4 Co. Owens-Illinois Glass 2-19 60c Co.__ Wisconsin Public Corp.—• Consolidated (Ohio), 3-10 1 20c Wisconsin Power 50c Candy Osgood 3 3- Co. Insurance Pacific 3.60(5 6(5 4-21 12-31 4- $3 2-24 1 1-16 2-28 25c (quar.)______ 2-24 11- 3-17 1 1-31 3-10 Inc.____ 3-16 series)^_____<—$ 1.12(4 6(5 Corp. Mills, 3-16 8-1 4- $1.25 (qunr.)__ Jack Walte Mining Pulp & Paper— preferred (quar.)__ Westchester Fire Insurance Co. resident Quarterly F.), (quar.) pfd. 1- 1 1-31 — • 4(4(5 1-27 —— (s-a) States Portland (Charles Co. 1-16 —____ Gas (Minn.) (quar.), (N. Y.) (quar.) 2-10 50c _. (quar.) Oil Co. 4(4(5 5 1 1-23 $1 Wisconsin 5- 12 1-30 35c (quar.)... Steel West Coast Life West Virginia 1 2-1 1-1-51 50(5 Wellman Engineering 8-21 1 9-1 5c 11-20 1 3-1 6-1 1 2-15 Extra 8-31 $1.50 & (1949 Insurance (Jack) Mining (see Wellington 5-18 4-1 7-1 10- 25c (quar.) Pictures Co., 11-30 2- 2-1 12c Co.) 2-15 2-28 1-20 3-1 15c (quar.) Co. preferred Washington 1-20 2-28 25c preferred Northwestern 4(4(0 1-20 2-28 Co. Insurance Universal 4-1 50 (G North Carolina RR., 7'5 gtd. (s-a)_ Northeastern Water Co., common (resumed)$4 prior preferred (quar.)_—______ $2 3-10 1-21 2-24 40c Inc._. Machinery Ccrp.—■ 4(4(5 participating preferred (quar.) U. S. Spring & Bumper Co., com. (irreg.) 3-7 5c (accum.) preferred Fire 1 1-31 3-15 Hoffman 1-15 $1.25 (quar.) preferred (qitar.)__. .4(4(5 S. S. 4-1 5c (s-a) 2- 25c 75c & Rubber Co. Aircraft Corp., 5(5 pfd. 40c —_ 50c 1 25c _____ Asbestos 50c common Electric Pile U. 1-20 $$1 dividend) 1-31 — 25c (quar.) 2-3 2-15 (quar.)_— 2c Inc. 2- 2-15 Stock dividend Shipbuilding Corp.— State pfd. 2-15 50c 40c City 1 45c _____ 40c Fund, 1 12(4c (quar.)— 25c —_____—__— $4.50 Class $1.50 2-28 4- Twin $1.06(4 Fund, certificates (quar.)___ Chicago & St. Louis RR.—• York 3s4^0 5(4(5 .< Internatiopal 2 37 (4c (quar.) Shares, Ltd.— Stock and Bond Group shares International Business Machines 2- 12'4c 4(4(5 preferred (quar.) Home (Joseph) Co. (increased) Hudson, Bay,«Mining & Smelting tCo., Humphreys Mfg. Co., common...' / 6(5 ■ preferred'; (quar. Hunt 3-28 " $1.12*4 <quar.» (quar.) ' (stock 1-21 2- $1.06(4 <,$4.50-convertible- preferred Stores'Corp., Steel Quarterly $15c 31'Ac iquar.) Howard 1-20 Ltd.—_ •■conv. pfd. a 2-15 3 25c — 2-27 (quar.) 40c Common ' 1-31 31'Ac • 3-15 Ltd.— ( ... 35c 25c Class Co. Public National ____ ClassIILIIIIIIIIIIILZ Hartz < 1-27 •«*>- (quar.)....— Extra New 1-27 2-15 $1.50 preferred Great West 2-15 3 4- ,5c preferred A 5(5 dec¬ 2- Co.— Ry Fibres, 3-11 Timely Clothe's, Inc. iquar.) Tobacco Products Export Corp. $1.12l/a Ltd 2-1 50c iquar.) ; Co. (quar.)_. 40c Truax-Traer Coal $1.12Vi _v. 2- 3-1 — Water Power 2-15 5c ,. . Television 4-14 $1.12,/2 England, Pacific (s-a)___ 2-10 $1 —_____—___ York 1 . 2-10 2-15 50c preferred (quar.) Calumet Mines, Ltd._____—___________ C'< 1-20 _ 2-15 $1 (quar.) 2-1 3- 34:,bc Quarterly 3 $1.08% "Welding Machine— quarterly New 2-11 15C Co., Street New 1-16 $$1 __ 25c General New 1-16 ___ common (quar.) 36c 7 (quar.)_ •_____ pfd, 6« 1-16 $12'4 2- 2-10 56*40 com. dividend Nutrine 2-17 & Paper & Type, preferred (s-a) 5(5 3-31 10c 2-15 2-15 7c (quar.)___. Automotive National Noyes 1-20 1-31 $1.12Vi National 2-15 40c 2-15 25c ——^—- 3-1 26c Quarterly Quarterly 97(/2C ( 2-1 Quarterly 6 1-31 50c Reclaiming, S.) Oats Cash 1-31 $1.50 (J. National 1-31 2-15 1 2- 40c Quarterly 1-31 2-15 2- U. — 3-1 (special) 2-15 35c (quar.) 8IC.1c (quar.) _________ (quar.) Co. & 1-21 2-15 25c com. (quar.)_: 3-13 40c Quarterly Quarterly 2-15 1 4-15 (quar.) at meeting held ,on Cigar Co., common— General 2-15 3-10 4- 37 (4 C common—— 6 A prelerred Genera! 3-10 20c (quar.) laration 7'5 1-21 "$15 —————— preferred Cable Corp.—- General 1-26 _______ (quar.) (quar.) Canada, Ltd., 4(a No action 1-20 25c ... $1.50 preferred A (qttar.) Gar Wood Industries, Inc.— " 4i!j': preferred (quar.) General 1 — (quar.) Gale & Co., common Gearko, 2- Swift .... 1-21 2-1 —; Water Co. 1-1Q 2-28 Co. Corp. Corp. Oil .2-15 $1.25 Pipe Line (increased) (increased) B Increased 12-31 25c (quar.)—— Co. preferred of 1-15 1 National Electric 1 12-31 25c 4 '4 '< pfd. (quar.) (stock dividend) — Ltd., preferred $3.50 1-20 2- 1 25c —— Sixth Industrial Gair Co. 2- 4*4(e redeemable preference share ordinary held each Fulton 1 2-15 of Four-Twelve Fownes 2- of Ltd. (quar.)———. —— preferred National 1-31 50C Tire & Rubber, Co., 2-15 2- Gas & Company Briquet, $2 conv, $1.06(4 ;— Co., (quar.) (A.) 25c (additional) Mor.ongahela 2-17 3-17 Stein 10V2C — —- Mitchell 3 3-10 Standard Silica 12'/2C (quar.)— preferred (additional) Common 3-21 25c ___ — ______ share 2- 65 c cum. Motor 1 1-31 3-31 25c — Pittsfield, Inc.— participating pfd. (quar.)„__ Participating Federal-Mogul Corp. (quar,)— One 4- $1 _ Firestone 2-15 15c prefened (quar.) $1.50 prior preferred series A (qtiar.)—, Emporium Capwell Co. (extra)——.—__ Equity Corp., $3 convertible pfd. (quar.) $1.20 1 Stamford 2-3 Tide : Missouri-Kansas 2-15 15c 80c Federal Loan Co. 1-31 3- +30c — (quar.) 2-21 30c ———— preferred (quar.) Employees Credit Corp., class A B 2-21 $1.12*4 8A Class 1-19 50c — (initial)—— B 1-19 1-31 35C : Y.) 1-31 2-10 2-24 14c — Miller & Rhoades, Inc., 4(4(5 pfd. (quar.)__ Miller (I.) & Sons, Inc. (N. Y.)______ Minneapolis Gas Co. (increased), 6 $1.25 (quar,)— Corp. (extra)——— Co., class A Drug 4- 115c Township Telephone Co. (quar.) Electric Furnace Co., class A (quar.)— Class 1 $1.25 — Eastern Emerson 5- (Conn.) 3-1 3-13 88c — 4(2(5 ' Natural 12l/zc (irreg.) Midwest Rubber 6 $40c _ Electronic phic 1-18 $40c — (quar.)— (N. 4- Southern Stouffer preferred (quar.———__ preferred (quar.) : preferred (quar.) 5 r/o 4(2(5 Class — — (quar.) Insurance 1 1 $$1.25 _ 52- 4 Ltd.— — Life 1-18 $25c Dun & Brudstreet, Inc., common (quar.) 4 Ya'.t- preferred (quar.) _l——________ Dupuis Freres, Ltd., 4.80(5 pfd. (quar.)-— Duquesne Brewing Co. of Pittsburgh—— Dwlght Manufacturing Co. Eastern 2-17 3 $$1.25 (quar.) common 1-17 1 preferred Sun preferred (quar.) 4Ms'/5 1-23 2-28 $25c 1- 2- 25c (quar.) — Ltd. A B 4'/a (5 2-27 1 1-31 25c —— preference 1-16 5(4(5 1-31 50c stock Class B 1-23 3-10 ——— Co., 1-23 2- $4 1-24 2-15 Stott Magnesium Products Corp Messenger Corp, • r__ — Metropolitan Edison Co., 2.90(5 pfd. (quar.) 4.35(» preferred (quar.) Michaels Stern & Co., class A (irreg.) 1-23 2-15 3114c — — — Corp., 4'A ; 1 2-15 25C .————. — —. 2- $2 25c 1 2-15 plus (quar.) (quar.) 1 Participating stock Water 3-15 2-24 2-15 1-31 2-1 40c (quar.) preferred (quar.) 4*4(5 preferred (quar.) $1 2-15 3-15 si.50 Works 4(5 30c 2-15 3-15 OOc common______ (quar.) Lathe Southern California 3-15 Bancorporation— Class —_ Linoleum Quarterly Aircraft 1-23 .___— (quar.) —— preferred (quar.). 57>> ' preferred (quar.).— Extra 1-23 1 2- 1 Bend 20c Marine last (s-a) 5'A Dover4 Industries, 1 2- 4- preferred 40c ———.— — Co.-. Common Douglas 2- 6(5 South 3-12-1 20c common— convertible Fully 1 2-28 Inc.— preferred Co., Class Dominion Malting Co., Ltd., common Extra' 2- share (quar.) convertible preferred cum. Initial 12, in Credit, 5'A preferred (quar.) Dominguez Oil IFTelds (monthly) Monthly..——. Oilcloth 2-15 1-25 3-15 $1.75 (quar.) Corp., common preferred (quar.) 1 35c Domestic Dominion 2- per A 5(5 2-21' 8 7'4 c (quar.)_—_ Tunnel Alkali Jan. on (quar.) (quar.)_ common 3-15 2-20 1 2-1 Holder• 3-15 50e Rayon, Corp. Agricultural Chemical, 10c Marine 7* Smith 41 Payable of Itec. $$1 j$l $$1.12(4 Skenandoa 3 When Share $0,037 _— (quar.) Marathon 1-20 2- cum. 4V4'/5 6 2(5 stock common 1 class cum 42c 1 3- $1.50 (quar.)— Co. 3- 3-20 $4 ...———— RR. 3-15 1 3-15 50c Maltine 3-10 $1.75 were incorrectly week's issue; A 2- 2-28 Inc. Steel 50c 1-27 2- Nashville & 56c Co.— but debenture (4 c 25c 6 — — 7'A preferred (quar.) Dc-nnison Manufacturing Class 1 2-20 75c — were 4- $1.13 —— $105 Corporation Lyons Finance Service, 3-10 1 at 2-28 4- Company Simpson's Ltd., class A (interim) Class B (interim) 414('5 preferred (quar.) 25c Shares. —... 3-15 75c - Lynch 1-27 4- 1 Per Name of 2-24 25c Extra 1-27 2-20 Feb. Stores, Lukens 1-16 2-28 $1.12(4 — (quar.) payments 1 50c •. — Diamond Lucky 1 $37 (4c $37'4c (quar.) Seal & 2- dividend. Louisville 3 3-20 on 3-18 $75c (quar.).—_____....,—, Fund tion 1-14 2- 50c Co., Inc., com. (quar.)_ $2 preferred (quar.) Cuneo Press, Inc., com. (stock dividend) 3*4 'A preferred (quar.)—: Dallas Railway & Terminal, com. (quar.) "Detroit 1- 2-14 2-15 $1.06 $4.52 preferred (quar.) Container Corp. of America $8 1-16 $$10 Company Crown Cork (quar.)..., (397) Holdert Payable of Kec. 12(4o (quar.).——-—_ (quar.).—.. Co. Trust When $1.12(a — preferred Salt this 3-10 $1.06'A (quar.) Consumers i 3-31 $5 Glass Co., Ltd. Consumers Power Co., common $4.50 preferred (quar.) Co. Liggett & Myers Tobacco Co, (quar.).—.— Loblaw Groceterias, Inc. (quar.) | — Lone Star Gas Co. (quar.) Lorain Telephone Co.; 6(5 preferred— All unexchanged shares called for redemp¬ Southern Ohio Electric— & Consumers Ford 1-31 62 (4 c — $4.25 & preferred Lexington 1-24 40C Columbia \ 1-31 30C City Products Corp. (quar.) Collins Company Colonial Steamships Lines, ltd. These Leslie dividend (quar.) 1st 7(5. 2nd 2- City Auto Stamping Co (W. 6(5 quarter. Chicago Mill & Lumber Co. (Julius) CHRONICLE lc of Canada, Ltd.—_—.... Keyes Fibre Co., $6 preferred (accum.), Keystone Steel & Wire Co. (quar.).. Kroger Company, common (increased) 1 2- ____ Coon 2- 75c - preferred 1946 series (quar.) 4'A preferred (series of 1947) (quar.)____ 4(4 2-15 $1.75 common successive (irreg.) Kelvinator — 4% Columbus Kayser 6 3- Share Mining Co. Drug Co., common (quar.).... $4.50 preferred (quar.) 1-20 1-31 3- Waite Katz —— — taken was Per Jack Corp.— second for 1 2-28 62 (4c ~~ Cherry-Burred 2- '4 c 20c — —• 2-20 2 7 (4 c (quar.) com. FINANCIAL Name of Company 1-20 6 $1 22 preferred (quar.) $2.50 preferred (quar.) Central Louisiana Electric Co.— Increased quarterly Chain Store Real Estate Trust (Mass.) Quarterly $1.10 2-15 3- 50c _ & Holdert Payable of Rec $25c _______ Carpenter Paper Co., common (quar.) 4# preferred (quar.) Central & South West Corp. (quar.). Extra When COMMERCIAL be made in such a manner so as Philadelphia Co. [pending the solution problems.—V. 171, p. 196. 42 End. Nov. 30— Operating Cper. revenues and exps. Utility Other S84G.109 ; taxes__ • of record capital stock (par $19) at $40 per share in the ratio of one new share for each 3% shares held. Subscription warrants will ex¬ pire on Feb. 1, 1950. (Subscription rights under the pres¬ ent offering will not attach to the shares to be issued to income $9,342,288 8,101,104 $9,804,077 $80.7,083 640,188 687,657 7,769,348 $119,426 $2,034,729 1,441 1,446 15,959 (net) $1,241,183 83,701 stockholders company's 10% stock dividend.) stockholders of record Jan. 13 as a Gross income Income $207,363 $120,872 20,847 $1,324,884 110,159 $2,050,688 29,893 346v761 deductions and Net Earnings —V. per $100',025 $1,703,926 $1,214,725 (598,441,86 shares) income $2.85 $2.03 $177,470 share common 171, p. 140. pointed out, County, Commerce Fla.—V. 169, Commission able directors Jan. May 16, 7 declared have 1950, 30, the year, stockholders to cents of 12 record of 23^ Jan. following distributions were made: On Feb. cents; Aug. 15, 6 cents; and Oct. 27, 16 since share, 1950. per pay¬ Last the of 15> 10 cents; cents.—V. 170, as and Alex. J,o.hu called been sinking mortgage and interest. Co., Washington, fund will be Payment C.—V. D. 167, next, 1, Feb. on $42,000 l'irst loan The Co. of dated Nov. agreement York New 14, amended was with 1949, Dec. on P. monthly instalments of $50,000 each, beginning Dec. 1, 1949, and ending on Nov. 1, 1955, with a final instalment of $1,050,000 due on Dec. 1, 1955.—V. 170, p. 1438. Paine, and annum in mature equal 72 The SEC due 1, company covering Garrett 1970; B until Jan. by the to and 1956; 1, voting 4l/L»% shaves" 2,000 stock common (no ture is debentures, RFC. the of —V. and securities subject (to are this of the against to approval According resolution Dec. 1, the prospectus, Sept. to loan only to principal John payable within Mutual Hancock any '/*% and Son & Morris The selves Vt% man TNet Eoaid of Directors of 3.943, and loan in the a ten Life 1948 $7,036,301 1,206,921 506,520 1947 $7,148,622 1,745,684 765,542 1946 $5,856,886 790,294 340,733 $925,902 $700,401 $980,142 $449,561 Dr93,484 Crl21,286 . the RFC Extraordinary items Finance $700,401 $886,658 ,222,980 284,436 '$477,421 $602,222 $395,373 by said income, on 1829. p. it 18 has Utah Fuel Co.—Stock to Be Sold at The Jam said has approved extension. the provides Dec. The Interstate Com¬ committee. the by depositors unless that avail them¬ deposit said agreement amended as for the period Hence depositors. granted further notice to the until depositor, upon surrender to The Chase National Bank New York of his certificate of deposit properly en¬ transfer with signature witnessed and guaranteed, and. upon of back receive to the by share ol the Committee's maximum of the charge her«^be present the liabilities, and authorized tofore interstate Commerce Commission, will said deposited bonds.—V. 171, p. 140. (& Subs.)—Earnings— Wisconsin Electric Power Co. Months Ended Operating revenues $60,852,339 $57,490,70(2 50.595,293 48,949,797 ; . — Operating expenses and taxes—.— operating Nonoperating revenues-*—— Interest, $10,257,042 — 546,395 $10,661,803 i. m—_— deductions-^-— etc., income $.9,087,300 2,947.605 $5,925,032 500,000 500,000 $7,214,2J8 —- 3,162,268 $7,714,298 ——__—-, —-—s — $8,540,905 404,762 revenues income Gross • 1948 1949 Sept. 30— $5,425,032 losses on investment in for contingent — Co. announced that lias ex¬ 19, Dec. 8, 1947 and Dec. 2, 1948, agreement from Dec. 19, 1949 to j946, 19, capital stock of transportation subsidiary Auction of New York, in an advertisement dated pursuant to final judgment and decree of the Trust Guaranty 3. 1932 as amended as of April 15, 1941, my for Net not a July 19, said extension-. The Committee, however, has no present terminating the continuing right of withdrawal which It City Provision Jan. on payable notes taxes for first general mortgage constituted under the holders of 1, 1949, the tor terminated the by of expenses . extraordinary items and minority interest. +Before extraordinary items, and minority interest. JBefore minority interest. SEqual to $1.09- per common share.—V. 163, provision Ry.—Deposit Agreement Extended agreement heretofore Net 'Before for issuance of any payment of $5 80 for each 31,000 bond as his 175,474 * plans no be by the dorsed $570,847 311,559 __ "! Net; income amount participated in by and. Mass-Mutual Life In¬ Co. Corporation on $925,902 <i$614,343 income SNet Minority interest There are presently the will 12 by Dec. sooner deposit of vcontrary, amount The years. Insurance money Subs.)—Annual Statement 1949 income had it bonds, ; duo duration of concluded 1,670,660 744,758 taxes state and com* shares. right to withdraw their bonds, on or before Feb. 8, 1350, deemed for all purposes to have consented to the above mentioned extension of the deposit agreement and shall be bound arid they Bous- $8,031,187 — authorized the to increase 1959. p, committee Commission merce y2% entitled to $15,100,000 loan to Texmass. No explanation was given for the delay. There is often a lapse of time between the agreement to lend and the advancing of funds by RFC. advanced Block 1943, the intention income income 'Net Federal Co., Reconstruction The yet J. share. Payment is being Syracuse, N. Y.—V. 165, - 170, Central gold unless covered Year End. Oct. 31— Gross RFC. of namely $4,000,000, will be represented from Texmass directly to the insurance companies." surance Co., of 29, approved . & Shriver 4% 15, 1950 231. Vp. owners "The dated . . 17 V2 % . Sterling, United Stockyards Corp. (& amended Nov. 9, 1949, and of $15,100,000. . , . Under its terms, the first disbursement shall be made not later than 150 days from Sept. 29, 1949. The loan is evidenced by notes payable in the amount of $15,100,000 bearing interest at 4% per annum, 1949 Simon — — in 500,000 to announced that shares.—V. protective tended V2 % Co._ oflered bp) company company, — Co. & Co.— & "the Dec. y2% Co are pursuant to a plan o-f read¬ holders o-f certain debt claims of certain property interests which the company is offering to acquire, and as payment for services. No underwriting discounts or commissions are to be paid. These justment Co & Eruce G. shares deposit agreement dated Dec. %% Inc._ Schacfer & Inc. 1% 1% per shares. 294,830 company 50-yeur %% : & Co., Koppelman- George Co., & Gardner &i $110 office voted 15 Nov. on 300.000 from Wisconsin - has interest Interest payment sufficient," Elair Jones l-/2% Co._r_ Baird The certificates. trust payments are subject to ap¬ not mandatory but interest is cumulative and absolutely due and payable at maturity of principal. As to the 5% debentures, interest is payable to extent that "Earnings Applicable to Junior Income Debenture Interest as defined in Inden¬ As proval R. Waltpr Herbert W. 1% Cooley & Company.-1% Shelby Cullom Davis & Co.- 1% value), par E. 1 '/2 % Sons— —— Conrad, cumulative represented T. its at Co.—Capitalization Increased— stockholders stock additional % % Williams C. l'/2% & & W. William rights to dividends until Jan. 1, 1956; 52,000 shares $5 preferred stock (no par), no rights to- dividends value), no class Miller & at 3,- 1950, , outstanding % % Reinholdt Jan. corporation Wilson-Jones Co., & Evans Co & cumulative preferred stock was recently called of 7%> on the % % Co „ Hirsch Co.—_ 2 % % Inc. 1, A. Inc. 2!/2% Robert filed a registration statement with the senior cumulative-interest debentures, 13 4Vh-%- 1965: St,200.000 5% junior income debentures, due Jan. 32,006 shares $5 class A cumulative preferred stock (without Jan. par Jan. on $3,000,000 & Clement entire issue The mon % % Doolittle & Dodge & Co Mead. Co morning and daily F. Kelly, Vice-President of sales, Western will roundtrlps daily, seven days a week, over th$ route.—V. 171, p. 10. 1% . Co. 2»/2% Jackson p. Co.__ 1% 1% & inaugurate will company through Angeles redemption by 2046, 1% Co._ this 1 Arthur to two made Whiting, Weeks & Stubbs__ 1% Baumgartner, Downing & 2 %% Pressprich & Robert Walker & 2V2 % Curtis Clark, Staats Inc.—Daily Roundtrip Service Be¬ Angeles— 1% ;—__ & Co. Scranton R- Wainwright C. H. Co & W. 4»/2% Co..-. & Webber, W. Chas. 4%% Moscley & Co S. R. With SEC Texmass Petroleum Co.* Dallas, Tex.—Files Cr. Weeks & Hutton E. W. $4,650,000 of notes outstanding shall carry interest at the rate of 3% per 4y2% Beane & Hornblower that provide to- H. White, Weld & Co Guaranty Trust the 1949, 9. William Putnam Pierce, Lynch, Ftenner Co.—Amends Loan Agreement Gulf Producing 15, 1950, stock at Will & Baumer Candle Co., Inc.—Retires Preferred— The for 4%% — Feb. According Yuma-Los Kidder, Peabody & Co 1% Piper, Jaffray & Hopwood- 1% Corp & Co., Inc._ Glore, Forgan & CoMerrill Texas Boston its per Beginning which 6% Co.— Boyce of shares 3,081 for redemption as of Feb. 414% cumulative preferred evening roundtrip service between Yuma and Los Angeles via El Centro and San Diege, Calif. such of 9% % 9%% 9 % 9%% BIyth 1594. p. & 425,354 $1.5? Redemption & Paper Co.—Partial called 3 Western Air Lines, upon Co.—__ & Legg & of Jan. on tween Yuma and Los additional, capital stock of the company the exercise of the subscription war¬ for Sons & Eros. The underwriters several the of names of shares $1.43 share and accrued dividends. Immediate payment may be had upon presentation and surrender of drawn certificates at the Irving Trust Co., One Wall Street, New York, N. Y.—V. 170, p. 2384. $105 shares 300,000 offering of the to respective Watts C. Stei'n of 4% bonds, due April 1, 1958, at 100 made at the National Savings & Trust redemption for effect percentages ol the unsubscribed stock severally agreed to purchase,, are as follows: Brown Baker, Redemption— have has company operate subscribed the $866,287 425,394 share___ 1097. 166, p. total a 1946. 300,000 not are rants $511,095 425,394 $1.20 shares common per West Virginia Pulp stock January, 590,750 ' and rat:.o UNDERWRITERS—The Warehousing Corp.—Partial Terminal Refrigerating & first capital $1,457,037 328,957 $609,837 income The and the payment, of the 10% stock dividend, the company will have 1,400.000 shares of capital stock outstanding out of a total of 2,300.000 shares of authorized capital stock, $10 par value. Dividends of 50 cents per share quarterly have, been paid of 12 Cents— dividend a this CAPITALIZATION—Giving of each There general capital capital iunds represent, 2337. p. —V. rapidly in recent years, a condition which the cushion of safety to policyholders., over and* above statutory reserves. increased has to which a 209. p. Television Fund, Inc.—Dividend The 3 issued Jan. on reduce tends certificate permitting abandonment by this company: and abandonment of operation by the Atlantic Coast Line FIR. Co., of a line of railroad extending from Gillett to Reedcr, approximately 6.95 miles in Manatee Interstate $840,052 ' common Earnings * 1947 1948 1949 434,000 $1,043,837 taxes Net No.' of of purpose Co.—Earnings— taxes K -; the financing, the company staled-, is to improve relationship of capital funds to the volume of net premiums written. The volume of premiums of "USF & G Companies,." it was The before Income securities. in Mfg. ...Year Ended Oct. 31— Profit the Tampa Southern RR.—Abandonment Approved— The portion such invested be from the sale will be added to that is not required for working proceeds PURFOSE—Net funds may ...Wentworth . 1950, of 300,000 shares of additional Jan. 13, 194^—12 Mos.—1948 $205,922 income oper. *• 1949—Month—1948 insurance the to Tampa Electric Co.—Earnings— Period Monday, January 23, 1950 CHRONICLE FINANCIAL & COMMERCIAL THE (398) carried Balance surplus—— earned to • 1949, there will be offered for sale at public auction at the Guaranty Trust Co. o-f New York, 140 Broadway, New York 15, N. Y., on April 10,, 1950, beginning at 11 a.m., the entire outstanding 100.000 shares of stock of this com¬ pany, which is engaging in the mining of coal in Utah and Colorado, and in the manufacturing of coke in Utah, and in the sale of said York New Textron* Incorporated—Tenders for Debentures-— Staled tenders until received were close the business, of Jan. en Providence National Bank, Providence, R. I., for the sale to the company of 4fa'/.': debentures due Apr. 1, 1958, at prices not 20, 1950 by exceeding been 100 sought interest and to exhaust to the Jan. 31, Sufficient 1950. $58,373.—V. of sum 171, had tenders consolidated United Air Lines, Inc.—New Records Reported— The corporation carried estimates final sales. and in Totals, Jan. as showed cargo flew ton 1948, air freight miles declined 12 by 23,700,C00 and and passengers ap¬ the during freight miles, ton miles. ton express As Much of air parcel post by As compared express. freight All was also 10%; the month same increases from November, 60%; and air express 33%. mail, flew company December, decrease decline a an of estimated 9Va% 1949. p. last as 128, capital which stock of Dec. on Charles established was Charles Eneu approved Inc., the to 1804 Johnson has made clue black,—V. 170, p. 614s days 20 entire Inc., of Philadelphia, Pa., printing ink. More recently, make carbon the , United States Cold merger into this latter Storage Corp.* Chicago—Merger— E. Egg M. formerly a subsidiary of the Chicago concern, elected in Products Dodds, to the in Kansas President President named of the of City. the companies, newly-created cently called accrued issue 111.—V. 4% pcsl G. Kansas D. City company, was Chicago of ing. The prior preference stock P- on Dec. 30, 1949. at $55 was re¬ per 1923. —Alex. Brown & Sons; Baker, Watts & Co.; & John C. Legg an invest¬ which is underwriting an offering Co.; and Stein Bros. & Boyce jointly head banking income bonds purchase of the property. A sales con¬ common stock and voting holders of Walbridge Building holders of upon whose Balance -V. file group New Co. the net to this of a supervised the $2,000,000 mark in $2,015,000 1948. is making "plans expand to its size and has recently registered its shares in Illinois and Minnesota, as well as Wisconsin, and contemplates sales of its shares in other Midwestern states. The company had 1,797 stockholders at the end of 1949.—V. 170, p. 734. Woodall Industries Inc.—Earnings— first Three Months Ended Nov. the sale will be distributed to bond¬ sales Net of 414% Preferred "After has been declared payable — — dividends Common declared— declared dividends per share common Federal Corp.—Stock 500,000 shares, par $1;. outstand¬ is is City National Bank and Trnst Co. of Chicago Continental Illinois National Bank & Trust Co. The co-transfer agent is Empire The Marine Midland Trust Co. of of Chicago, IIL the co-registrar is of its In the BUSINESS—The changers New York, N. company income — the Oct. 14, "On a is a leading manufacturer of automatic magnetic wire recorders. It manufactures both three-speed-three-size automatic $0.93 100.000 30,055 834. fiscal year eiided Sept. 30, 1949, 1949, the company exercised ids term capital by $2,250,000 subsequent to the year-end."+—V. 171, p. 231. (& Subs.)—Earnings— 1949—3 Mos.—1943 Period End. Sept. 30— "Net -Net company and p. $1.12 403,148 from Banks— covering report stated: 170, taxes.—V. 1948 $5,535,459 loan from its principal banks in the amount of $3,000,000 which is to be repaid in 16 quarterly payments.'or less; at the option of the company. This had the effect of increasing working to right No. Y. record changers which are sold under its. own name directly to the public and to radio-television-phonograph manufacturers. Its principal customers include Belmont Radio Corp., Du Mont (Allen B.) Laboratories, Inc., Emerson Radio & Phonograph Corp., General Electric Co., Hallicrafters Co., Magna vox Co., Motorola, Inc., Scott Radio Laboratories, Inc., Wells-Gardner & Co. and Westinghouse Electric Co.—V. 171, p. 10. and annual 1949 $5,792,000 47L321 98,750 28,647 30— 4—_ — income "Net Zonite Products Corp. agent both single-speed "open-end" Mil¬ 1949, Feraand As of Dec. 31, net assets of in contrast of $1,682,000 at the company, fund, crossed aggregated company 1949—9 Mos.—1943 taxes-_ $140,842 $80,529 $412,222 $319,891 taxes'— capital shares 97.470 44,421 291.706 200,261 325.656 825,656 825.656 825,656 $0.12 $0.65 SO.35 $0.2:4 before inc. profit after Earned record $5,446,425 surplus earned Investment Co.—Assets Over $2,000,000— assets company This Feb. 1, 1950 2s-4s, due Dec. 1, 1950.—V. 170, p. 833. both and $6,423,709 1 1846. end of December, trust be affected, unless within date of the Court's order ap¬ Proceeds from registrar York, 500,OOp Paternotte, Secretary-Treasurer, disclosed. shares. transfer 500.000 investment in of transportation subsidiary carried 170, p, Total rights would 1949, effective third or more in principal amount of income dissents. If sale is consummated closing is expected first income the $7,730,328 1,783,903 5,946,425 for contingent losses on capital stock Earnings Chicago, Trust United States Fidelity & Guaranty Co.—Stock Offered ment of one 1950. 289,035 and share, plus Payment is bemg made at the First National Bank, 161, holders 3. 16, Dec. interest payment the 1,736,381 6,923,709 ■— York Corp.—Borrows was Adman <j.f Chairman of the Board. cumulative redemption for dividends. Chicago, of for CAPITALIZATION—Authorized, merged Redeems Prior Preference Stock— entire advised Roxve of New York State Supreme Court hud accepted an offer from 458 Monroe Offered—F. Eberstadt & Co. Inc. and Shillinglaw, Bolger & Co. on Jan. 18 of¬ fered to the public 125,000 shares of common stock at $11.25 per share for the account of certain stockholders. of The and Webster-Chicago Dallas and Port Lavaca, Tex., and the Royal Crown Bottlers of Kansas City. The Chicago firm owns two large warehouses in Chicago, United States Warehouse Co. in Detroit and Tranin on —$8,660,090 — — income Provision corporation of the United States Cold; Storage company, branches operates company Distribution— holders. 1439. Co., Kansas City, Mo., has been announced. Tire 1950, others plan, 31, Jan, $6,495,468 1,234,860 .— ——— income „ $7,287,347 1,372.544 revenues waukee investment company's plan, dated Dec. 7, 1949, for the sale be binding, upon holders of tlie 15-year income 1, therefor should bonds An The Net 1948 $45,773,743 $44,355,845 38,486,197 37,860,378 shall and from —,—*.— taxes—f—_—___— deductions Total ONLY) -1949 30— —. Nonoperating revenues Co., Inc.* Buffalo, N. Y.—Prop¬ H. Dec. 011 the Dec. the proving by $805,500 property serial Co., Eneu in of of G. Y., N. accepted was bonds, the 1949 Judge County, Accordingly, of a 231. acquisition the Johnson 29 be Operating 14 stock Erie Avenue, in and operating COMPANY as 3370. p. that Dec. On in certificates directors to entirety, an parcels, Co.—V. and United Carbon Co.—Acquires Philadelphia Firm— The officers erty Sale Approved—Proposed air miles year expenses and Wisconsin rose passenger month same 171, directors, in tract 85,219,000 the from from November.—V. of 9% of stock Fuel 4%. Air freight gained express the resignations of the directors of thereof as are elected by the for such Sept. revenues Operating Mr. December ago, air and Co., Walbridge year a and registered air The with made will be Fuel stock volume. air mail gained 4l/a% 19%, up as executed and delivered to the purchaser of or the purchasers acquiring a majority of provided in said final judgment and decree, upon his or their request, after the completion of the sale. Wasatch Store Co. and, Calumet Fuel Co. are subsidiaries of Utah highlighted also cargo company Ended Months 12 Operating Gross Utah said December operations. In the month, the airline flew an estimated 2,330,000 ton miles of air freight, 1,500,000 ton miles of air mail and 861,000 ton miles of air breaking trust the mortgage said 11,170,000 air compared with and air express of growth trustee under the first deed of Rid Grande Western RR. dated April by 1899. board United year. held Arrangements the Crary, 20% air mail increased 15% the mail increase was attributed up was 8:/2%. Record 1, flew miles in 1949, according to increases air 6,738,000' to- rapid Crary Harold substantial approximately mail 2,200,000 passenger Vice-President—traffic compared with 1948, represent a 13% increase and a 10% increase in passenger miles flown. carried passengers Air made almost revenue is OF (EARNINGS Net stock The proximately 1,340,000,000 28, products. i). p. filed Sept. Court, Supreme "Of per share—L and subsidiaries (including Canadian, Cuban subsidiaries, but excluding English and Chile subsidiaries corporation Mexican ..Austrian branches). and and : months of 1949 include $86,659 actually received in the United States representing prior years' earn¬ ings of foreign branches nut previously reported and are after de¬ ducting $62,775 net loss due to devaluation of Mexican and Canadian 1 NOTE—Earnings currencies.—V. 170, for p. the 49. first nine Volume 171 Number 4875 THE COMMERCIAL & FINANCIAL CHRONICLE (399) STATE AND CITY 43 DEPARTMENT BOND PROPOSALS AND NEGOTIATIONS ALABAMA Alabama ity, Bond Offering" — at by lot within such March on 1, ma¬ 1960, and lows: on public $30,000 as from 1951 Feb. 1 interest payment date there¬ after at par and accrued interest plus a premium of $20 per bond. any James E. Fol- Governor, will sell som, then turity, (State of) ' clusive, and due Feb. on 2V2s, due 1953 to $68,000 1 from Redwood on City Elementary School District, San Mateo County (P. O. Redwood City), Calif. in¬ l%s, as 1954 to Bond Sale Details—The $575,000 1960 inclusive. (CST) on Jan. school Payment for any bond so called bonds purchased by the $2,000,000 hospital The second highest bidders were Bank of America for redemption prior to maturity for National Trust building coupon or Clovis Union High School Dis¬ registered is to & be made at the bonds. Savings Association, of Dated Feb. 15, 1950. principal trict San Due bonds, Blyth & Co., and Wee¬ amount thereof ©n plus accrued in¬ den Francisco, on a bid reflecting a Feb. 15 from 1951 to 1960 in¬ & Co., jointly, for $40,000 as net interest cost of terest to the date fixed for re¬ clusive. The bonds about 1.81%?, maturing after iy2s, $40,000 as l%s, $80,000 as as demption plus a premium of $20 Feb. 15, 1955, are redeemable previously noted in v. 170, p. prior for each 2s, and $80,000 as 2y4S, at a price bond so redeemed. 2628, were sold at a price of 100.13, to their Le¬ respective maturities, at of 100.06; and for Bryant School as follows: gality approved by Chapman & the option of the District bonds, the Bank of State, on Feb. 15, Sav¬ Cutler, of Chicago. 1955 or on $145,000 as 3s. Due on Nov. 1 from any subsequent inter¬ ings auction 26 at 11 issue an a.m. of Association, est payment date, as a whole or in pail:, plus accrued interest to the daie of redemption and a Tucson of 1% of the par value thereof for each year or awarded fraction Dated Feb. 7, 1950. Feb. redemption. Principal and interest (F-A) payable at the State Treas¬ the office, at the or, Bank, New York City. Legality approved by Reed, Hoyt & Wash¬ burn, of New York City. I Bond Sale—The $400,000 ing Bond Sale — The $821,758 con¬ struction bonds offered Jan. 16— v. 171, p. 141—were awarded to a syndicate composed of the North¬ Trust Co., of ——v. 170, Blyth to 2628—were p. & Co., of Robinson-Humphrey / Co., York, of At¬ lanta, and the Equitable Securi¬ ties Corp., jointly, at a price of 98.03, basis a of about 2.44%, as follows: 2s. as Due from 1951 to 127.000 1962 Due to .. . 2V4S. as 1978 and The 1 Jan. on Gurdon, Ark. Bond Offering—Jewell Knight, City Recorder, will sell at public auction 1 highest bidder was about 2.50%. 1 highest bidder was Henry Dahlberg & Co., Bosworth, Sulli¬ van & Co., and Peters, Writer & Christensen, jointly, for $78,000 as 2y2s, and $42,000 as 23/4S, at price of 100.009. Offering—L. E. Knowlton, Clerk, will receive sealed bils until 2 p.m. (MST) on Feb. 6 for the purchase of $80,000 water works, Series 1950 coupon bonds, divided as follows: $30,0U0 revenue bonds. July 1 from 1952 to Due on ' 1971 in- elusive. in Dated Jan. tion $1,000. from 1951 to Denomina¬ Interest J-J. Legality Tucson, Ariz. Offering — Carl M. Hitt, Clerk, will receive sealed bids until 8 p.m. (CST) on Feb. 6 for the purchase of $750,000 water revenue bonds. Dated March 1, Denomination March clusive. 1 from $1,000. 1952 to These bonds are total authorized issue of of which 1,250, are in inverse bonds Due 1980 in¬ part of a $1,250,000, numbered 388 to callable for redemption order of ties, and if less than their a maturi¬ full matur¬ 1 25,000 Old River School District bonds. Due 1952 to Feb. on 1 1 1952 to Dated from Feb. 1, 1950. 1 from Housing Authority, Sale Feb. 7, 1950. Due ously Los Angeles County Sch. Dists. (P. O. Los Angeles), Calif. National of and San R. Bank Ii. of Francisco,Jointly, bonds offered awarded as above date were Blyth & Co., Califor¬ Bank, and the William R. Co., all of Los Angeles, jointly, as lVfes, at a price of at County Housing Authority, Calif. 0.78%? 1950. interest. Due Dated Feb. 7, Elementary School District, Bond Sale offered 141—were & veen — National Trust & Sav¬ Association, San Francisco, $240,000 as l34s, at a price of 102.15. awarded to John Nu- Co., of Chicago. Fillmore Union High Sch. Dist., County (P. O. Ventura), Calif. Bond Sale—The $180,000 school bonds offered Jan. 10—v. 171, p. 48—were awarded to Weeden & San Francisco, net a 1.49%?. on interest The second a cost bid of highest William R. Staats Co., a net interest cost of about 1.59%. on a was bid Fresno reflecting County (P. O. Bond Sale offered Dean Jan. Witter School Districts Fresno), Calif. — The $338,000 bonds 10 & were awarded to Co., of San Fran¬ District Rafael), (P. O. Sale Association, previously were sold basis of $30,000 1 from 1961 of San noted at a about as — Secretary, sealed bids until 11 Jan. 24 for the will Francisco, in above price of 2.54%, as issue, 100.17, a follows: as 1 from inclusive, and $40,000 on Feb. 1 from 1963 ings Association, of San Francisco, as previously noted in v. 171, p. 141, were sold at a price of 100.04, basis of about 2.59%?, as follows: water bonds. Dated improvement Feb. 1, 1950. as 1952 2%s. Due to 1958 on Jan. 1 from inclusive. as 2y2s. Due on Jan. 1 from 1959 to 1969 inclusive. 18,000 as 23?4s. Due 1970 to Additional $24,000 1950 bonds Due the Trust 0.77% The Authority, on 10 were Central Hanover New York, Co., of interest. Due $938,000 14th offered Jan. to & 1950. Dated Feb. 7, Sept. 15, 1950. Winchester (P. O. Winsted), Conn. Bond Sale—The $370,000 school construction bonds offered Jan. 17 —V. 171, 233—were awarded to & Co. Inc., as 1.60s, p. Halsey, Stuart at a price of 100.55, basis a about 1,54%. Polk of on Jan. 1 from County (P. O. Cedartown), Ga. Bond Sale—The $500,000 public building bonds offered Jan. 17— v. 171, p.. 232—were awarded to a syndicate composed of Blair, Rol¬ lins & Co., Inc., Stockton Broome & Co., of Atlanta, Varnedoe, Chisholm & Co., of Savannah, and Hancock, Blackstock & Co., of At¬ a price of 106.38,-. of about 2.21%?. basis a IDAHO Sale bonds purchased by the Bank of America National Trust & Sav¬ receive notes lanta, at 33,000 (PST) on purchase of $1,- 000,000 at Details—The $69,000 Sutterville Heights School District a.m. Housing — The Sacramento County Sch. Dists, (P. O. Sacramento), Calif. $18,000 Sale District 234s, due Feb. 2V2S, due Bond interest, GEORGIA Details School to 1972 inclusive. Calif. Offering—B. J. Brusatori, District Ventura of County, Marin Municipal San Bond Feb. Savings a Water The $50,000 school Jan. 17—v. 171, p. a a America Marin 100.01, bonds purchased by the Bank ol America National Trust & Merced County (P. O. Merced), Calif. 232— p. inclusive, and $6,000 Arden 1952 to 1962 for Delhi 171, price of interest, $155, and of 0.80%? premium of $210. Americe v. on Additional as ings a of at inclusive. nia $901,000 11th Feb. 9, 1951. on 1960 1966 basis of about 1.48%?. The second highest bidders were Blyth & Co. California Bank, Los An¬ Costa — to 2%s, due $70,000 Co., 2V4S, to of 1 notes: Connecticut Bank 2.64%?, as follows, 2y2s, due on Feb. 1 from as to An¬ & at Staats 100.16, The on 1952 in Bank a awarded about as 232— Los of $9,000 Security Moulton sold basis the the noted were Bond Sale—The $600,000 Puente Union High School District bonds offered Jan. 17—v. to premium a premium Middletown Series Treasury. by a plus Note National Trust & Savings Associa¬ tion, of San Francisco, as previ¬ awarded plus $10,000,000 Feb. on pur¬ $1,000. Principal and interest (F-A) payable at the County were plus — chased p. housing, Series $5,000,000 at 0.78%, 15,000,000 housing, Series $5,000,000 at 0.77%? Bond Sale Details—The $15,000 Elder Creek Sch. Dist. bonds Denomina 171, rental notes: interest, Sacramento County Sch. Dists. (P. O. Sacramento), Calif. 1971 inclusive. Feb. on York, and the Savings Bank, of follows: as interest, plus a premium of $155; $5,000,000 at 0.79%? in¬ terest, plus a premium of $155, and $25,000,000 at 0.80% 1 1970 inclusive. Due B 9, 1951. from 42,000 Bloomfield School District bonds. of New Trust & Chicago, The $570,000 10th Series notes offered Jan. 10 were awarded to the Mechanics Bank of Richmond, at 0.78%? interest. from geles, William R. Staats Co., and Series notes offered Jan. 10 were Paine, Webber, Jackson & Curtis, awarded to the Central Hanover jointly, for $600,000 as 2V4S, at a Bank & Trust of Co., of New York, price 100.22, and Bank of bidder 1, 1950. Feb. on Harris California Note 1972 inclusive. First 1975 inclusive. Sale about ;Bond 1950. Note 1970 by Gust, Rosenfeld, Divelbcss, Robinette & Linton, of Phoenix. on to reflecting approved City Due Hutzler, all $275. Richmond District 1952 to geles, 170, p. 2628, are dated 1949, and mature Feb. 1 1, Due inclusive. :■ 1970 inclu¬ Legality ap¬ Townsend, v. Contra Co., 50,000 improvement bonds. as 2s. Due on Nov. 1967 to 1969 inclusive. follows: as School — bonds Ariz. Bond 1 J-J. Due CALIFORNIA second Parker, Rivera Guaranty Trust Co., J. P. Morgan & Co. Inc., Chemical Bank & Trust Co., C. J. Devine & Co., Salomon Bros. & $35,000,000 84,000 Jan. 24 on bonds. hospital 1949. from 1953 to Phoenix), Ariz. City, jointly, as 2%s, at a price of 100.10, a basis of about 2.61%?. The July 1, Feb! on No. 47 Sale—The $120,000 school bonds offered Jan. 16—v. 170, p. 2628—were awarded to Kirby L. Vidrine & Co., of Phoenix, and George K. Baum & Co., of Kansas (PST) $200,000 at a price of 101.18, a basis of building and improvement bonds about 2.16%. purchased by W. R. Stephens In¬ Additional Sale The $240,000 vestment Co., of Little Rock, as San Marino City School District 3s, at a price of par, as previously Bond on Dec. Interest from 1951 • (CST) $26,500 proved by Townsend & of Little Rock. Sept. ARIZONA Maricopa County Sch. Dist. Town of Dated Jan. noted (P. O. $42,000 Bond Sale Details—The Watkins, Morrow & Co., and Asso¬ ciates, on a bid reflecting a net in¬ terest cost of p.m. Stuttgart Sch. Dist., Ark. 1979. second bonds. sive. 1 at issue an Jan. 1 in on a.m. were awarded to a syndicate com¬ posed of the National City Bank, Bankers Trust Co., 1 as l3/4s. Due on Nov. from 1962 to 1966 inclusive. for the purchase of $109,000 build¬ Dated 1977 inclusive. Due inclusive. iy2s. tion on inclusive. Due from 1971 to 34,000 Jan. on 1970 2V2S. as 1 1961 inclusive. 2V4S. as from Jan. on 1954 as 143,000 ing bonds, divided about 2.25%?. 10 $118,000 .121,000 Co., and T. J. Raney & Sons, both of Little Rock, as 2%s, at a price of 106.09, a basis of awarded New Chicago, Mercan¬ to Due on Nov. from 1955 to 1961 inclusive. Angeles County Sch. Dists. (P. O. Los Angeles), Calif. bids until 9 vestment bonds offered Jan. 19 revenue 1950 203,000 Bond Offering—Harold J. Ostly, County Clerk, will receive sealed tile-Commerce Bank & Trust Co., of St. Louis, W. R. Stephens In¬ build¬ Francisco, l3?4s, and $38,000 as of 100.009, a basis price a Los on Fayetteville Sch. Dist. No. 1, Ark. ern Alabama Polytechnic Institute (P. O. Auburn), Ala. Due 9, 1951. ARKANSAS option of holder, at the Chase National at of about 1.89%. the Valley National Phoenix, at 0.72%? in¬ of terest. thereof from the date of redemp¬ respective stated dates maturity of the bonds called for tion to the 2s, San to Bank, of urer's for $60,000 as Housing Authority, Ariz. Nate Sale—The $616,000 9th Se¬ ries notes offered Jan. 10 were pre¬ mium of CONNECTICUT Connecticut (State of) Note Sale—Tne $50,000,000 notes offered Jan. 17—v. 171, p. 232— Bonneville County Class Sch. Dist. No. 91 (P. "A" O. Idaho Falls), Idaho Bond Offering—Ida T. Holden, Clerk of the Board of Trustees, will receive sealed bids until 5 p.m. (MST) 011 Jan. 25 for the purchase of $925,000 building coupon bonds. Dated Jan. 1, 1950. Principal and interest payable at Irving Trust Co., New approved of York City. Legality by Chapman & Cutler, Chicago. 1975 inclusive. Sale Pacific Details School — ILLINOIS The District Champaign County & purchased by Dean Witter Unit Sch. Dist. Community No. 4 (P.O. Co., of San Francisco, as previ¬ on Feb. 1 from 1956 Champaign), III. to 1980 inclu¬ ously noted in v. 171, p. Bond Sale—The 141, were sive. Interest F-A. $189,000 build¬ sold at a price of 100.05, a basis ing bonds offered Jan. 17—v. 171, of about 2.41%?, as follows: Mt. Diablo Unified Sch. p. 232 were awarded Dist., to G. H. $12,000 as 21/4s. Due on Jan. 1 from Walker & Contra Costa County (P. O. Co., of St. Louis, at a 1952 to 1957 inclusive. price of 100.01, a basis of about Martinez), Calif. Bond Offering 12,000 as 2V2s. Due on Jan. 1 1.55%?, as follows: W. T. Paasch, from 1958 to 1963 inclusive. County Clerk, will receive sealed $80,000 as l%s. Due on — — bids until j23 for the Nov. 11 a.m. (PST) on Jan. purchase of $3,200,000 school coupon or registered bonds. Dated March 1, 1950. Denomina¬ tion $1,000. Due on March 1 from 1951 to 1970 inclusive. Principal Santa from 1951 Barbara County Housing Authority, Calif. Note Sale—The $131,000 9th Se¬ ries notes offered Jan. 10 were awarded to the Chemical Bank & 109,000 from The as h> 1958 IV2&. 1959 to second Due 1 inclusive. on Nov. 1 1969 inclusive. highest bidder was First National Bank, Chicago, for and $79,000 as $110,000 as D/4S, Trust Co., of New and interest (M-S) payable at the York, and Asso¬ l%s, at a as follows: price of 100.07, a basis County Treasurer's office. Legal¬ ciates, at 0.79% interest. Dated $240,000 Clovis Union High School of about 1.55%?. Feb. 7, 1950. Due Feb. ity approved by Orrick, 9, 1951. Dahlquist, District bonds, at a price of Neff & Herrington, of San Fran Chicago, III. 100.18, a basis of about 1.89%?, Santa Barbara cisco. County Housing as Certificate Sale—The $5,000,000 follows: $120,000 as l%s, Authority, Calif. water works due on Feb. 1 from 1956 to Ocean View School system revenue cer¬ Note District, Offering—Fred I. Law¬ tificates offered 1961 Jan. 18—v. 171, p. Ventura County (P. O. inclusive, and $120,000 rence, 141—were awarded to a as 2s, due on Feb. 1 from Secretary, will receive 1962 syndicate Ventura), Calif. to 1967 inclusive. sealed bdis until 10 a.m. (EST) composed of Blyth & Co., of Chi¬ Bond Sale Postponed—The sale 98,000 cago,, Drexel & Co., of Philadel¬ 011 Bryant School r: District of the Jan. 31 for the $200,000 school bonds, ori purchase of bonds, at a price of 100.06,. a phia, B. J. Van Ingen & Co., Chas. ginally scheduled for Jan. 17, has $131,000 Ninth Series notes. Dated basis of about E. Weigold & Co., both of New 1.71%, as fol¬ been postponed until Jan. 24. Feb. 7, 1950. Due on Feb. 9, 1951. York; Bacon, Whipple & Co., of cisco, 44 Chicago; Ira Haupt & Co., of New York; Stranahan Harris & Co., Inc., of Toledo, Dempsey & Co., Harwell, Chapman & Co., both Chicago, Hayden, Miller & Co., Cleveland, Mead, Miller & Co., Baltimore, and Walter Stokes Co. of Philadelphia, price of 100.15, at 2s, as of of of & a basis of about a 1.98%. Authority, III. Sale—The $1,394,000 17th Decatur Note Housing Series notes offered Jan. awarded Bank at Due on Co., of New York, Dated Feb. 7, Aug. 11, 1950. Secretary of the Board of Educa¬ until 8 p.m. (CST) on Jan. 24 for the purchase of $.128,000 school site and building bonds. Dated Jan. 1 Due Denomination $1,000. 1950. 1968 inclu¬ sive. Principal and interest (J-J) payable at the First State Bank, Dongola. Legality approved by Charles & Trauernicht, of St. Jan. 1 from 1951 to 1.969 Winnebago County Housing $656,000 10th 10 were National Chase the to Bank, of New York, at 0.78% in¬ terest. Dated Feb. 7, 1950. Due Feb. 9, on led?; at Sale Bond 12 seum La Porte Sale—The a 18 Jan. offered bonds 1950 syndicate composed of the First Bank, of Chicago, Mer¬ a 1969 Bank 1 as VaS, at a basis of about East 171, the a offered $300,000 Jan. 13— 141—were awarded to Bank, of East p. Chicago, at 1%. Indianapolis School City, lnd. Bond Offering — M. V. Bailey, Business Director of the Board of ceive Commissioners, will re¬ bids until 2 p.m. $1,000. Due April 1 from 1951 the Board 1 171, Albany Flood Control District, lnd. flood 233—were awarded to Indianapolis Bond & Share 171, p. Corp., of Indianapolis, as 2s, at a price of 101.37, a basis of about 1.88%. The second highest bidder was J. J. B. Hilliard & Son, for 2s, price of 100.83. New Castle-Henry Twp. Sch. Corp. (P. O. New Castle), lnd. Sale—The $330,000 build¬ Bond ing bonds offered Jan. 12—v. 171, p.: 141—were Securities lJ/fcs, as the and — Trust $215,000 awarded to the City of Indianapolis, a price of 100.76, a 220,000 Feb. 1 Rick- Clerk-Treasurer, will sealed until bids on 2 p.m. Feb. 1 and 264,000 as IV2S. Due on Feb. 1 and Aug. 1 from 1961 to 1966 in¬ follows: as York, and associates, at 0.75% 7, 1950. Due on Aug. La. will Secretary-Treasurer, receive sealed bids until 10 a.m. (CST) on Feb. 7 for the purchase of $2,400,000 public improvement bonds. Dated Feb. 1, 1950. Denom¬ (CST) on Jan. 31 for the purchase of $318,000 sewage works revenue coupon bonds. Dated Feb. 1, 1950. Denomination $1,000. Due on July purchase of $920,Series notes. Dated 1950. Due on Feb. 6, 1951. Principal and interest payable at Second National Bank, of Boston. Feb. 6, by approved Legality Sullivan, Donovan, Hennehan & Hanrahan, of New York City. orial Chicopee, Mass. $401,000 mem¬ school addition notes of¬ fered Jan. Sale—The 18 were awarded to Due on Feb. 6, 1951. Prin¬ cipal and interest payable at the National Shawmut Bank, of Bos¬ for the bonds, maturing as afore¬ July 1,*1956 redeemable at Housing Board, 18 Tremont Street, Bos¬ ton, until 11 a.m. (EST) on Jan. 26 i'or the purchase of $2,230,000 Sec¬ ond Series notes. Dated Feb. 6, 1950. said, but with the right reserved i from Bonds and 1951 1981 to maturing on thereafter, are the option of the Town on Jan. 1, 1J56, or any interest payment date thereafter, in whole- or in part, in their inverse numerical order,; at 011 Feb. 1 from 1951 to 1975 inclusive. Bidders are unto the call in, bonds the City, pay at and its option, to redeem the maturing in 1961 to 1975, in inverse order of their.num¬ bers, at par and accrued interest, v A^ yu 1': ton. van, Legality approved by Sulli¬ Donovan, Heenehan & Hanrahan, of New York City. Essex County Salem), Note Sale—The highest bidder was second Wood, Corp., Howard Thorn- Storey, by Mansfield, Mass. Creek Sch. Battle of Detroit, at 2% interest, plus a pre¬ mium of $165. The second highest bidder was Security National Battle Creek, Grand Bank, Rapids, (P. O. as IV2S, at a price basis of about 1.31%. P'eb. dated 1 from 1951 Feb. Principal and interest payable at Bank, Merchants National the Boston. of approved by Thorndike, Palmer & Legality Storey, Dodge, of Boston. Housing Authority, Mass. Revere Note office the at sealed receive will Chairman, bids Leo Meehan, Offering—J. State the of Housing Board, 18 Tremont Street, Boston, until 11 a.m. (EST) on Jan. 20 for the purchase of $1,281.000 Second Series notes. Dated Due on Feb. 6, 1951. Principal and interest payable at the National Shawmut Bank, of Feb. 6, 1950. approved Legality Boston. Heenehan Hanrahan, of New York City. Sullivan, Donovan, 142 offered Jan. Offering Note L. office of 1;he State Housing Board, 18 Tremont sealed bids at the St., Boston, until 11 a.m.- 26 for the Feb. 6, 1950. Due on Feb. 6, 1951. Principal and interest payable at the National Shawmut Bank of by Sullivan, Donovan, Heenehan & Hanrahan, of New York City. Boston. Legality approved Somerville Housing Authority, Massachusetts indus¬ trial farm notes offered Jan. 17— Note Series Sale—The notes $575,000 offered Jan. at a price of basis of about 0.99%. Park, Mich. the purchase of $41,000 sewer spe¬ assessment coupon bonds. 1, 1950. Denomination $1,000. Due on April 1 from 1951 to 1955 inclusive. Principal and interest (A-O) payable at the Na¬ cial Dated Feb. Third Legality Detroit. approved by Claude H. Stevens of Berry, Stevens, Barbier & Evely, of Detroit. Iron Mountain, Sale Bond — Mich. The $65,000 street improvement bonds offered Jan. 16 —v. 171, p. 142—were awarded to Paine. Webber, Jackson & Curtis, of Chicago, at a price of 100.03, a basis of about 1.22%, as follows: $10,000 as Is. Due on June 1, 1950. 55,000 as IV4S. Due on June 1 1951 and 1952. The second highest bidder was the Commercial National Bank of Iron of Mountain, for IV2S, at a price 100.28. Ironwood, Mich. Note Offering — Leo Adriansen, will receive sealed bids until 4 p.m. (CST) on Jan. 23 for the purchase of $50,000 tax City Clerk, anticipation notes. Dated Jan. 23, 1950. Due on Sept. 1, 1950. Prin¬ cipal and interest payable at the City Treasurer's office. St. Bond 19—v. of Bank tional (EST) purchase of $330 000 Third Series notes. Dated Jan. on p. Halsey, to City Clerk, will receive sealed bids until 8 p.m. (EST) on Jan. 23 lor in receive will Chairman, Muse, by & Raymond — a 171, 16—v. awarded were — Hazel Mass. Housing Authority, Salem Mich... $170,000 special Assessment, Second Series of 1949 Bond Offering—Lenore Armour, inclusive. 1965 to in¬ Bond Sale—The of 1950. 1, Denomination $1,000. Due on Mass. $100,000 Bank, of 2% at terest. bonds water 233—were awarded to the Michigan Corporation, of p. First 100.02, are Mich. Dist., Note Sale—The $150,000 tax an¬ Stuart & Co., as Is, a Co., price of par, a basis of about a bonds offered Jan. 19 were award¬ Boston, & Gundy 1.69%. 171, g—J. n Sale—The $125,000 Bond Bonds Hagerty, Chairman, will receive sealed bids at the office of the State Hous¬ Third at $750,000 notes. Dated Jan. 26, 1950. Denominations $50,000 and $25,000. Due on Oct. 26, 1950. Legal¬ approved on July 1 inclusive. Due l%s. 1964 to 1967 Inc., and S. R. Livingstone & Co., jointly, for $188,000 as 2V2S, $526,000 as l3/4s, and $486,000 as 1V2 s, City Treasurer, will re¬ (EST) Jan. 26 for the purchase of ity July 1 on ticipation notes offered Jan. 16—v. requested to sumbit alternate bids inclusive. 1 ination $1,000. Due The Hughes, Massachusetts Note Offering—John J. 000 e r Due Bear, Stearns & Co., Lee Higgin¬ ceive sealed bids until noon 101.17, at the office of the State Offering—Hal T. Bulany. O f f Note IV2S. as from Maiden, Mass. Authority, second LOUISIANA 23. 2s. Due on July 1 from 1953 inclusive. ed to the Second National I interest. Estabrook & Co., of Boston, and highest bidder was the Lee Higginson Corp., jointly, Phelps, Fenn & Co., Paine, Web¬ as 13/4S, at a price of 101.66, a ber, Jackson & Curtis, and Schoellbasis of about 1.56%. kopf, Hutton & Pomeroy, jointly, for $215,000 as 4s; $396,000 as iy4s, Chicopee Housing Authority, Mass. and $264,000 as IV2S, at a price of Note Offering — Rheo Gagne, 100.02, a basis of about 1.57%. Chairman, will receive sealed bids The 438,000 by Ropes, Gray, Best, Coolidge & 1,000,000 purchased by the Chem¬ ical Bank & Trust Co., New Note clusive. Jan. Jan. 20 for the pur¬ $750,000 notes. Dated 1950. Legality approved to as from 1954 to 1963 inclusive. son on of as 1950 19 scaled (EST) on 1.63%, 591.000 dine, Palmer & Dodge, of Boston. interest. 0.77% clusive. 176,000 as l%s. Due on Feb. 1 and Aug. 1 from 1967 to 1970 in¬ City Offering—Shirley etts, Town receive on from 1956 to 1960 in¬ 1 Alexandria, lnd. Jan. 10 were Series notes offered awarded Jan. 26 for the clusive. Bond Sheridan, l!4s. Due as Aug. Corp., at Authority, Mass. $4,200,000 96th Co., of ing Board, 18 Tremont Street, price of Boston, until 11 a.m. (EST) on Aug. 1 from 1951 to 1955 "basis of about 1.39%. Bond 3M>s. Due as a of about Courte- price of 100.04, a basis as follows: at a cago, City Treasurer, will re¬ bids until 11 a.m. manchc, Sale—The build¬ awarded to were Commerce and control 1950 bonds offered Jan. 19 a 233 p. Principal of School Com¬ Housing Note II, 1950. Cambridge Housing Kan. Glore, Forgan & Co., of New York, Sale —The $120,000 Bond at District, inclusive. New the 1, 1950. School ing 1950 bonds offered Jan. 16—v. missioners. —v. Jan. and Kansas City, jointly, at (A-O) payable at the of¬ 101.32, as follows: interest fice of on inclusive. 1970 Mass. 171, p. 142— syndicate com¬ Dempsey & Co., both of Chi¬ and phia National Bank, of Philadel¬ phia, at 0.67% interest. Offering—Alfred a Julien Collins & Co., of New York, Philadel¬ the to 17—v. Jan. awarded to posed of White, Weld & Co., Stone & Webster Securities Corp., both Mass. Jan. $1,150,000 water 1949 bonds of¬ revenue sewer fered Rugg, of Boston. notes Dated Feb. Sale—The $875,000 Bond sealed (CST) on Feb. 3 for the purchase of $440,000 building coupon bonds. Dated Feb. 17, 1950. Denomination to inclusive. Salina awarded chase as Dated and $1,935,000 Sec¬ offered notes awarded to the Chase National Bank, and C. J. Devine & Co., both of New York, 114s. Due on March 1 and Sept. 1 from 1957 to 1960 56,000 «■ School on Sale—The Series were 171, p. 233—were as clusive. National First Note IV4S. Is. Due on March 1 and Sept. 1 from 1954 to 1956 in¬ 42,000 1950. Creek, Mich. Bond Sale—The $121,000 ond Due on March 1 $3,200,000 purchased by the Chem¬ ical Bank & Trust Co., New and Sept. 1 from 1951 to 1953 inclusive. York, and Associates, at as & 1951. Holyoke Housing Authority, ceive Boston Co., of Kansas City, at a price of 100.07, a basis of about 1.17%, as follows: $42,000 The — 12—v. Trust merce 30, Jan. 30, jointly, at 0.76%. The second highest bidder was "Second Na¬ tional Bank, Boston, 0.78%. $140,000 school Jan. MICHIGAN Battle were date Jan. $953,000 Second offered Jan. 19—v. Series 170, p. 2629—were awarded to the Com¬ Chicago, lnd. time warrants v, 100.91, 1.41%. Sale Warrant of price offered Palmer City. Note Sale—The Emporia School District, Kan. bonds Due on Nov. 9 in 1950 Legality approved by are on Note Attleboro Housing Authority, inclu¬ KANSAS Bond Sale—The a.m. Lawrence, Mass. Legality approved by Wil¬ liam L. Hassett, of Des Moines. Trust & Louis, Merrill Lynch, Pierce, Fenner & Beane, of New York, Harris, Hall & Co., WhitePhillips Co.. of Davenport, and the Fletcher Trust Co., Indianaoplis, re¬ 11 Principal payable at the Second National Bank of Boston. Legality approved by Caldwell, Marshall, Trimble & Mitchell, of New York MASSACHUSETTS sive. Co., of St. in¬ Due 1950. 7, until bids and interest Trust & 1, 1950. Denomina¬ Principal and interest payable at the National Shawmut Bank, of Boston. Legality ap¬ proved by Storey, Thorndike, Palmer & Dodge of Boston. 11, 1950. Aug. receive to 1952 Feb. Dated Wellem- will Clerk, from Co., Co., New York, at 0.75% p.m. 1 Bank Hanover will Treasurer, Thorndike, Notes Due I,000,000 purchased by the Cen¬ tral Iowa bids until 7:30 National cantile-Commerce ; (CST) on Jan. 24 for the purchase of $27,000 town hall- bonds. Due on Nov. Trust terest. Offering—Reka Town & 0.76% price of 100.34. sealed Bank York, and Associates, at interest. New Co., for 3s, at Ravencroft & purchased by the Chemical Co., of Des Moines, as 3s, as a price of 100.35, a basis of about 2.93%. The second highest bidder was follows: as $12,444,000 offered 10 were Jan. inclusive. (EST) on Jan. 26 for the purchase $800,000 notes. Dated Jan. 26, Denomination $50,000, and Md. 79th awarded City, Iowa bonds Housing Authority, Series notes offered $75,000 electric Jan. 11 awarded to the Carlton D. dorf, (P. O. Fort Wayne), lnd. Sale—The $3,000,000 coli¬ County 173, p. 232—were awarded to —v. Note City, at a price of 100.14. Mass. S. Emerson — Dodge, of Boston. Sale—The $13,444,000 Baltimore Co., of Iowa & Trust State Bank MARYLAND Due 1970 to Dated Feb. 1950. Storey, awarded to the Iowa were City sealed 1951. bonds. 1951 from 1 tion $1,000. Offering $25,000. inclusive. 1970 Feb. 011 of and 4s. The — Preston, INDIANA Bond as $67,466.52 improvement bonds offered street Jan Iowa City, public $86,000 New to 1951 205,000 school loan ap¬ of follows: as $200,000 school loan, Act of 1947 bonds. Due on Feb. i from Donovan, Hanrahan, Gloucester, Note ceive La. improvement bonds offered Jan. 12—v. 170, p. 2481—were awarded to Felix M. Rives, of Shreveport, Co., for 2*%s, at a price of 101.40. Iowa Sale—The Bond The second basis of about 2.63%. highest bidder was Ravenscroft & Bond i Jonesville, 101.41, a of price a Sullivan, & bonds, divided York City. Laurie, Cummins, of Des Moines, & 2%.s, as Heenehan C. approved by Dudley Foley, Jr., of New Orleans. Legality Boston. by proved De¬ gality of Bank Bank, of Boston, until (EST) on Jan. 26 for the I'chase of $465,000 coupon a.m. p u notes. Dated Feb. 6, 1950. Due on Feb. 6, 1951. Principal and interest payable at the First National Due on March 1952 to 1970 inclusive. Le¬ 1 from 171, 141—were awarded to Whee¬ 1951. Allen build¬ 11 18 Tremont Series Second Tilley, receive of the National care Shawmut the of will Tieasurer, sealed, bids in receive office the at Housing Board, $1,270,000 nomination $1,000. Ben Series notes offered Jan. awarded Dist., Iowa $50,000 Sale—The ing bonds offered Jan. 17—v. were Authority, III. The the Parish School receive sealed bids until 11 a.m. (CST) on Feb. 27 for the purchase of $174,000 school will Dated March 1, 1950. Town Street, Boston, until 11 a.m. (EST) on Jan. 26 for the purchase of of Secretary bonds. Colwell Con. Sch. 5 bids sealed will Chairman, Donald, State Bond Offering—Grace H. Offering—Norman L. Mc¬ Note (P .0. Vidalia), La. Bond Offering — J. S. Burris, IOWA Bond Massachusetts Alexandria. Sch. Dist. No. Parish Concordia Ice & Board, proved by Ross, McCord, Miller, of Indianapolis. Bond — ma¬ Principal and interest(J-J) payable at the American State Bank of Sheridan. Legality ap¬ revenue Sale to prior thereafter or turity. Louis. Note or on the at Co., Trust & Legality approved by Charles & Trauernicht, of St. Louis. it redeemed on Jan. 1, 1957; 2% p. (P. O. Dongola), III. Offering—Marvin Bishop, tion, will receive sealed bids on thereafter or payable (F-A) Bank 1, 1962, before July 1, if redeemed on Jan. 3% Wilmington, Mass. Framingham Housing Authority, interest prior to interest Rapides Feb. 1, 1960, or on any payment date thereafter maturity. Principal and 10 were No. 66 Bond on plus the thereof, premiums: $5% if re¬ deemed on Jan. 1, 1956, or there¬ after on or before July 1, 1961; Hanover County Unit Sch. Dist. Union value face following interest. 0.76% 1950. Central the to Trust & the Monday, January 23, 1950 FINANCIAL CHRONICLE & COMMERCIAL THE (400) Clair Shores, Mich. Sale—The $425,000 water bonds offered Jan. 17—v. 171, p. 142—were awarded to Jones B. Shannon & Co., of Detroit; Ballawarded to 171, p. 233—were awarded to the Bank, of Philadelphia National Bank, of man & Maine, of Chicago, and Fox, Reusch; & Co., of Cincinnati, Gloucester, at 0,71 % discount. < t ; Philadelphia, at 0.66%. '" v. 171, the -• 233—were p. Gloucester National c"...•! I \ '■ P i Volume jointly, 171 at Number 4875 price* a of basis of about 2.97%, $400,000 3s. Due as THE 100.005, as a follows: 1951 to 1972 inclusive. 25,000 2%s. as Due Nov. on 1, 1973. The second highest bidder Jan. on of about 3.08%. Com. Sch. Dist. Mich. Bond Sale—The $650,000 build¬ ing and site bonds offered Jan. 16 —v. 171, p. 234—were awarded to the First National Bank & Co., of Kalamazoo, as 1.60s. Warren Twp. Sch. Dist. Trust No. & Co., of Detroit, reflecting a net interest cost of about 2.92%, as previously noted in v. 171, p. 234, were sold to the above named together with H. V. Sattley & Co., of Detroit, at $86,000 as 3s. 1951 to 12,000 as Due follows: Dec. 1 from on Due in 1965 and Dec. on 1 1966. MINNESOTA Due by Harold E. Wood & Co., of St. Paul, as 2s, at a price of 100.202, a basis of about 1.98%. second Blyth highest Feb. bidder & Co., for $45,000 $25,000 as 2s, and $85,000 at a price of 100.002. as as due from 1954 bonds. 1951 1, 1950. to was l%s, 2 Vis, Memphis, Denomina¬ No. 12 (P. O. 72nd Street and Harriet Avenue, Minneapolis 3s, at as $18,000 bridge bonds. 12,000 street improvement bonds. 20,000 street intersection bonds Oct. 15, 1949. Legality approved by Charles & Trauernicht, of St. Louis. Bond Mo. due of Kansas City, composed of Feb. from to 1 inclusive IV2S, due & a East Bond & $16,000 and to as Feb. 1 from on 000 from the and second Board. sold are determine to upon All the issued are to of 1955 to 1959 Bonds 000 fire has 000 maturing in optional Dec. 15, sold the to First 1953 to 1972 3.20s. 1954 inclusive Due on Jan. 1 from 1973 to 1979 inclusive. The John second highest bidder Nuveen & Co., B. J. to was Van Ingen 8c Co., Barcus, Kindred & Co., C. F. Childs & Co., Commerce Trust Co., Kansas City, McDougal & Condon, E. and J. Prescott & Co., jointly, for 2%s. 3s and 3Vis, a price of 100.006, a basis of at about 3.22%. inclusive; IV4S, due 1962 inclusive, $104,000 IV2S, due to $104,000 as Feb. 1 from. 1955 on as Feb. 1 from 1963 on of the Indep. No. 91 Woods Con. Sch. County Dist. (P. O. Williams), Offering — P. 3s, due as to 1954 Fran¬ on Feb. 1 from 1951 21,fcs, 425,000 sewer, 4th bonds: $88,000 as 1 from as 1951 Feb. on 1 3s, due to as from 1954 to 1962 1963 Due on Jan. 1 from 1953 to 1970 Feb. on 1 on in¬ 114s, due 1955 due from to inclusive. on Feb. from 1951 each: the sum to able sum Jan. on on after. to 1962 inclusive, and $48,000 as IY2S, due on Feb. 1 from 1963 District & Barber, of Minneapolis. Nicollet County (P. O. Peter), Minn. Offering—Harold Overn, St. Bond County Auditor* will receive seal¬ ed bids until 1:30 p.m. (CST) on to 1970 1955 due 1954 on Feb. IV4S. due to as 1 from inclusive; on 1951 $102,000 700TnO Jan. 1, 1950. Denomination $1,000. sue, a pay¬ like Bond County, Lambert by Philadel¬ phia National Bank, Philadel¬ phia, at 0.76% interest. Dated bids until 8 11 for the (MST) purchase of p.m. on Feb. $10,000 building inclusive. m'mnrt. nth Is¬ and serial bonds equipment bonds. the second choice of the School Board. If amortization bonds issued, the tire are issue sold and may Series A bonds, $140,000 single bond or be put into divided into en¬ — The 17 $250,000 notes awarded were Trust Co., 7, 1950. Plainfield, Bond City Offering Clerk, Due on will bids until 8 N. — J. Fred Toegel, receive sealed (EST) on Feb. 6 the purchase of $1,400,000 school coupon or registered bonds. Dated Feb. 1, 1950. Denomination $1,000. Due on Feb. 1 from 1951: p.m. for to 1970 inclusive. interest (F-A) Plainfield Principal payable" and at the Trust Co., Plainfield. Legality approved by Reed, Hoyt & Washburn, of New York City. NEW YORK Addison, Cameron, Rathbone, Tuscarora, Wood hull, Thurs¬ ton, Erwin, Lindley, and Canisteo Central Sch. Dist. No. 1 (P. O. York Bond Offering — Florence Newman, District Clerk, will ceive sealed (EST) Jan. on of bids until 31 $710,000 C. re¬ 2:30 p.m. the pur¬ building 1949 for registered bonds. Dated Dec. 1, 1949. Denomination $1,000. Due on Dec. 1 from 1950 to 1979 dated Jan. at to 0.78% inclusive. (J-D) tional Bonds are Denominations Due on approved 17, 1950. and $50,000 $25,- Dec. 1, 1950. Legality ity Note Sale were — Jan. awarded National The 17—v. to Merchants Bank, of Boston, at 0.68% NEW JERSEY sealed bids until 8:15 p.m. Jan. by Heckler & 30 for the (EST) purchase of Denomination $1,000. Buffalo Bond school Vandewater, Galloway, of S 1949 a 1 21), N. Y. e — The $2,500,000 bonds offered Jan. 19 171, p. 234—were awarded to syndicate composed of the Ma¬ rine Trust Co., Manufacturers and —v. Traders Trhst Co., both of Buffalo, Roosevelt & Cross, Hornblower & Weeks, R. D. White & Co., Wood, Struthers & Co., F. S. Smithers & Co., Hall & Co., and Freeman & Co., all of New York, as 2.20s, at Due Nov. 1 from 1951 to 1962 inclu¬ sive. Principal and interest (M-N) on Co., Bloomfield. a basis of about Barker, N. Y. Sale—The $4,000 water bonds offered Jan.-13 v. Bond 1949 171, Trust Na¬ Legal¬ Clarence Central Sch. Dist. No. 3 (P.O. Williamsville, a price of 100.38, $120,000 general refunding coupon 2.16%. or registered bonds. Dated Nov. 1, 1949. First a Bloomfield, N. J. Bond Offering—J. Cory John¬ son, Town Clerk, will receive on the Amherst, Cheektowaga and $600,000 notes 171, p. 234— the at Bank, of Addison. approved Sykes, Portsmouth, N. H. offered Principal and interest payable New York City. by Storey, Thorndike, Dodge, of Boston. one sev¬ Feb. Sept. 15, 1950. chase School (P. O. Lambert), Mont. — M. A. Lake, Offering Dated Feb. 15, 1950. Amortization bonds will be the first choice and Feb. 1 from 1955 dis¬ discount. to inclusive, and $96,000 IV2S, due on Feb. 1 from 1970 1951, and as 1962 1963 to 1 National discount. $625 of said serial District Clerk, will receive sealed inclusive. Sale Nashua $625 IV4S, 250,000 police station, 3rd Issue, Series A bonds: $52,000 as 3s, Jan. 25 for the purchase of $100,000 drainage coupon bonds. Dated from Note may Interest J-J. the purchaser. Scott of tax awarded 0.70% Central coupon or offered Jan. amount of at by Bank & Trust Co., York, at 0.77% interest. Addiston), Dec. 12, 1950. on the sold $300,000 were 13th were follows: as New Nashua, N. H. one and The Boston, Due sev¬ Jan. 1 of each year there¬ Richland payable at any suitable banking institution designated by Legality approved by Dorsey, Colman, Barker, issued are — Rockland-Atlas of Palmer & bonds inclusive; $49,000 as the count. serial on 1 to Bank interest bonds will become due and 1 Sale 000. 1954 Feb. and Note notes offered Jan. 9 to be payable in semi-annual in¬ stalments during a period of 20 years from the date of issue. If due Principal and in¬ principal IV2S, they will be in the 125,000 fire protection 7th Issue, Series A bonds: $28,000 as 3s, due both terest inclusive. second choice of the Town Council. If amortization bonds are sold and issued, the en¬ Issue, Series B sale, sealed bids until 8 p.m. (CST) on Jan. 24 for the purchase of $20,- 1964 Dated 1960. Housing Authority, N. J. Manchester), N. H. $12,500 1950. 1, Jan. on 500,000 purchased Hillsborough County (P. O. Jan. determine upon at the time of the as 000. the purchase of distribution bonds. 1. sealed on lV4s, due on Feb. 1 from 1955 tire issue may be put into inclusive, and $704,000 single bond or divided into as IV2S, due on Feb. 1 from eral bonds, as the Council inclusive, and $168,000 $1,- water receive (MST) to 1962 cisco, District Clerk, will receive 000 building coupon bonds. Dated Jan. 1. 1950. Denomination for will a.m. as Dated Jan. Due New sold Amortization bonds will be the first choice, and serial inclusive; $710,000 clusive; $169,000 A. Clerk, 1,770,000 trafficway and boule¬ vard, Series A bonds: $356,000 bonds will be the Feb. Minnesota Bond 27 Jan. 1970 inclusive. 1963 to 1970 inclusive. Lake Town bids until 10 Teachers Fund Hanover — as State Annuity $877,000 purchased Trust » from $2,000,- price of par. a 1950. awarded 23/4s and as O. Note Sale—The $1,377,000 Series notes offered Jan. 10 Co., NEW HAMPSHIRE they will be in the amount of $9,19), Minn. Philadelphia National Bank, both 400 each, the sum of Bond Sale — The $1,575,000 of Philadelphia, Marine Trust $9,400 wil Co., Claremont, N. H. become payable on April building bonds offered Jan. 18 1, 1951 Buffalo, Coffin & Burr, Roosevelt Bond Sale—The $80,000 water and a like amount will v. 171, p. 234—were awarded to & Cross, King, Quirk & become" Co., Wood, bonds offered Jan. 18—v. 171, p.a syndicate composed of the Gundy & Co., Inc., Freeman & payable on the same day each 234 were awarded to Robert Northwestern year thereafter until all of the National Ban k, Co., Shelby Cullom Davis & Co., Hawkins & Co., of Boston, as lV4s, bonds are Allison-William Co., both of Min¬ all of New paid. The bonds York, American Na¬ at a price of 100.26, a basis of neapolis, Paine, Webber, Jackson tional Bank, Chicago, and John whether amortization or serial about 1.20%. The second highest & Curtis, of Chicago, First Nation¬ Small & Co., of New York, at a bonds, will be redeemable in full bidder was Coffin & Burr, for al Bank, J. M. Dain & any interest payment date Co., both of price of 100.009, a basis of about on from and after 10 years from the 1.30s, at a price of 100.19. Minneapolis, Kalman & Co., of St. 1.49%, as follows: date of issue. Interest A-O. Paul, Piper, J affray & Hop wood, Dover, N. H. \ $80,000 public hospital, 6th Issue, <of Minneapolis, Harold E. Wood Note Offering—Alfred J. GuilSeries A bonds: $16,000 as 3s, Cascade County Sch. Dist. No. 29 <& Co., Mannheimer-Egan, Inc., mette, City due on Feb. 1 from 1951 to Clerk, will receive (P. O. Belt), Mont. Juran & Moody, sealed bids until 1 p.m. (EST) on Shaugnessy & 1954 inclusive; $32,000 as IV4S, Bond Offering—Lavinia Stehlik, Jan. 23 for purchase of Co., all of St. Paul, Woodard-Eldue 011 Feb.. 1 from 1955 to $5,000,District Clerk, will receive sealed wood & Co., of 000 notes. Dated Jan. 24, 1950. De¬ Minneapolis, Cald¬ 1962 inclusive, and $32,000 as bids until Feb. 8 for the purchase nominations well, Phillips Co., of St. Paul, and $50,000, $25,000, $10,IV2S, due 011 Feb. 1 from 1963 of $15,000 building and equipment 000 and the C. S. Ashmun Co., of Minne¬ to 1970 inclusive. $5,000. Due on Dec. 5, bonds. apolis, at a price of 100.05, a basis 1950. Legality approved by Storey. 263,000 park and recreation, Se¬ of about 3.11%, as follows: ries A bonds: $55,000 as 3s, Thorndike, Palmer & Dodge, of Melstone, Mont. Bond Offering — Frieda due on Feb. 1 from 1951 to $900,000 as 3s. Due on Jan. Suter, Boston. 675,000 the and Paterson price of par. a to bonds Co., of Lincoln, at sold SJ/4s, at inclusive. are (P. turnpike authority bonds has Pension Sold—An issue of $16,equipment building bonds been Tu)p. Jersey Turnpike Authority (P. O. Trenton), N. J. been 4, said 1959, Legality approved by & Wood, of Delafield Bonds Sold—An issue of as Howells, Neb. time and New 1954. payable in semi-annual in¬ stalments during a period of 20 years from the date of issue. If bonds $43,000 the Bank, of about 1.16%. on inclusive, and $60,000 l%s, due on Dec. 15 from Trustees at 15 Dec. 15 from 1950 on and at Bond Sale—The $146,000 public improvement bonds offered Jan. 17 —v. 171, p. 143—were awarded to Boland, Saffin & Co., of New York,, as 1.20s, at a price of 100.21, a basis 1953 1954 sale, both principal and interest serial !4s, due as the and of due on Maplewood), N. J. inclusive, l%s, as Principal payable National Maplewood 15 from 1955 to 1959 in¬ amortization Board 1954 $70,000 1 issued, the be put into one divided into several or to 103,000 district bonds: bonds of 1950 receive (J-D) Hawkins, $75,- Dec. on will New York City. clusive. may the as serial choice If inclusive. of Dec. April 1, Amortization bonds will be be 1969 Branchville. $248,000 and District Clerk, will receive sealed bids until 7:30 p.m. (MST) on Feb. 24 for the purchase of $188,000 construction bonds. Dated first choice l3/4s, due as Clerk, Branchville $145,000 intersection bonds: Schmitz, 1950. Neb. cost District $370,O0O: school, coupon or registered bonds. Dated Dec. 1, 1949. Denomination $1,000. Due on Dec. 1 from 1950 to interest School sealed bids until 8 p.m. (EST) Feb. 9 for the purchase of 1.34%, as previously noted in v. 171, p. 142, were sold at a price of 100.04, as follows: Broadwater County Sch. Dist. No. 7 (P. O. Townsend), Mont. Bond Sale—Fred W. Twp. District son, paving districts Nos. 31 to 33 bonds by the KirkpatrickPettis Co., of Omaha, on a bid re¬ net Mac- (P. O. Branchville), N. J. Bond Offering—William Ander¬ purchased a and ^ basis of about 1.48%. about 1970 inclusive. J. Van Ingen York, n interest Bond Sale Details—The $208,000 bonds 171, p. 142— to B. New of Franhford issued) from the date of Interest F-A. flecting 196? Co., a oonds are to IVis, 1955 16—v. filler & Co., of Newark, jointly, as 1 Vas, at a price of 100.10, NEBRASKA 1951 as from Jan. awarded ^ on any interest from and after five Alliance, Rutherford, N. J. Sale—The offered were (half the term for which the issue. 45 approved by Hawkins, Delafield & Wood, of New York City. period 1 to be Drexel during full years MONTANA of Sale—The in as Feb. inclusive; $22,000 may $5,338,000 call¬ able bonds offered Jan. 18—v. 171, p. 234—were awarded to a syndi¬ cate 1 on bonds Mo. deemable payment date $296,- on 1954 single bond $240,000 school bonds. due Feb. entire issue receive sealed bids until 1:30 p.m. (CST) on Feb. 9 for the purchase the at of 10 years from the date of issue. If serial bonds are issued and sold to $302,000 due bonds Nolte, Schools, will of 3s, as 1951 Feb. 1 from 1955 on iy2s, on School Offering—Roy W. Superintendent annual instalments public market, 3rd Issue, Series A bonds: $12,000 as 3s, will Clinton School District, I of Trus- upon sale, both principal and to be payable in semi¬ from 196*3 to 1970 inclusive. the MISSOURI from inclusive, and as 1962 a from the Board determine may of (401) as 50,000 Miss. follows: as Bond Hennepin County Indep. Sch. Dist. 1962 headed by M. A. Saunders & 100.35"; 1 $152,000 1 inclusive; 1V4S, due to Co., price of Feb. on Feb. on 000 Sumner, \ cate headed The 1 due 1970 bonds: 1 Bonds Sold—An issue of $50,000 bonds has been sold to a syndicate syndi¬ a Feb on 1960 inclusive. Principal and interest payable at the Deposit Guaranty Bank & Trust Co., Jackson. Legal¬ ity approved by Charles & Trauernicht, of St. Louis. Bond Sale—The $155,000 build¬ ing bonds offered Jan. 12—v. 171, 142—were awarded to Due to Feb. on Dated Goodhue County Indep. Sch. Dist. No. 68 (P. O. Zumbrota), Minn. p. bonds. eral bonds they will be in the amount of $500 each, the sum of $1,000 will be from 1951 to 1954 inclusive; payable on Feb. 15, 1951, and the $369,000 as 114s. due on Feb. 1 sum of $1,000 will become payable from 1955 to 1962 inclusive, on the same day each year there¬ and $368,000 as 1V2s, due on after until all of such bonds are Feb. 1, from 1963 to 1970 incl. paid. The bonds, whether amorti¬ 750,000 street improvement, Se¬ zation or serial bonds, will be re¬ ries A J. R. Skinner, receive sealed 796,000 street intersection of 1964 inclusive. 2%s. as ment to inclusive. 925,000 Swope Park Improvement 2nd Issue, Series A bonds: $188,000 as 3s, due on Feb. 1 a.m. from 1951 Feb. 1 from 1951 on inclusive, and $280,000 interest ILs, 1963 $1,277,000 special street improve¬ Dated bid price of 100.21, will 10 1962 as tion $1,000. Donald-Moore a to (CST) on Jan. 27 for the purchase of $2,073,000 bonds, divided as follows: 4 (P. O. Roseville), Mich. a Clerk, until CHRONICLE 1954 inclusive; $280,000 as tees Iris, due on Feb. 1 from 1955 time 1960 inclusive. Bond Sale Details—The $98,000 building bonds purchased by Mc¬ on City — FINANCIAL to Jackson, Miss. Bond Offering & 3s, due as MISSISSIPPI bids 1, 1960 Principal and interest suitable bank or trust company designated by the purchaser. Legality approved by Faegrc & Benson, of Minneapolis. was & Co.; Channer Inc., jointly, for $120,000 as 314s, and $305,000 as 3s, at a price of 100.02, a basis No. to , Co., Vicksburg Frac. 1.951 payable at any Barcus, Kindred Securities from 1 inclusive. Nov. 1 from on Due COMMERCIAL — p. 143—were awarded to the Legality • Manufacturers and Traders Trust 46 Co., of Buffalo, as 2s, at a price of 300.02, a basis of about 1.99%. The second set highest bidder National price of Bank, 2s, at receive sealed bids until 3:30 p.m. (EST) on Jan. 26 for the purchase of $310,000 school coupon or registered bonds. field & Richmond Central Dist. Mo. 1 (P. O. East Bloomfield), Offering Dated Jan. Principal and in¬ C. Ben¬ Anne terest (J-J) payable at the United receive States Trust Co., New York City. sealed bids until 3:30 p.m. (EST) Legality approved by Caldwell, on Jan. 30 for the purchase of Marshall, Trimble & Mitchell, of District nett, — Clerk, will $324,600 school 1950 coupon or registered bonds. Dated Feb. 1, 1950. Denomination $1,000, except Due on Feb. 1 from inclusive. Principal for $600. one 1951 1979 to (F-A) payable at the National Bank, of Hol- and interest Hamlin New York Saie $21,000 water 171, p. awarded to the Oswego Jan. at No. 000 O. Ella — sealed bids until Mc- A. 10 of 100.14, a 229 price of basis of about 1.76%, as at a price a 100.23, of 1 (P. from 1951 28.000 No. 1, 80,000 a.m. 140,000 Due on June 1959 inclusive. 1955 to 1 June 1 1 %8. as Due on nation District Sewer on 1 1, Imp. No. 250 Sept. 1 from Denomi¬ 1950. Principal and in¬ (M-S) payable at the Coun¬ Treasurer's office. ty highest bidder was Branch Banking & Trust Co., Wil¬ 6s; $100,000 as $130,000 as 13/4S, at a for $20,000 as son, 1V2S, and price of 100.004. Richmond Bond Sale—The 171, (P. v. — 143—were awarded to J. A. p. price of a O. Auditor, will in Grand Island, Sale—The Jan. offered 171, 234— p. & of New York, as 2s, at a price of 100.44, a basis of about 1.95%, as follows: Cross, $30,000 water district No. 2 bonds. 25,000 sewer district No. 1 bonds. The second Marine at highest bidder was Co., Buffalo, as 2s, Trust price of 100.43. a Y. Lacona, N. Sale—The Bond $30,000 water 1949 bonds offered Jan. 18—v. 171, 234—were awarded to the C. E. Weinig Co., of Buffalo, as 1.90s, at a price of 100.21, a basis of about p. 100.17. Liverpool, N. Y. Bond Sale—The $76,500 improvement 1950 bonds Jan. 171, p. 16—v. publie offered 234—were awarded to the Manufacturers and Traders Trust 1.80s, at a Co., of Buffalo, as price of 100 12, a basis cf about 1.78%. est bidder Buffalo, The second high¬ Marine Trust was 1.80s, for at Co., price a of 100.08. 480,000 approved by Hawkins, Delafield & Wood, of New York City. 160,000 at receive Bank, Denning, Union No. 1 Sch. Free ville), N. offered bonds Y. Sale—The $795,000 school,; Bond Jan. 19—v. 171, p. 142—were awarded to the Marine Trust Bros. Co., Buffalo of Salomon & Hutzler, and Roosevelt & Cross, both of New York, jointly, as 21/4S, basis at price a of about Bonds are of 100.35, dated Feb. 1950. 1, from 1951 1979 to Feb. inclusive. Principal and interest (F-A) pay¬ able at the Chase National Bank, New York City. Legality by Reed. Hoy! & burn, of New York City. proved ap¬ Wash¬ Bond Offering—Julia C. Gooch, will receive sealed (EST) on Jan. 25 purchase of $580,000 school 1949 coupon or registered bonds. Dated Nov. 1, 1949. Denomination District Clerk, bids until 3 p.m. for the $1,000. to Due on 1978 interest First Nov. 1 from 1950 inclusive. (M-N) National Principal and nayable at the Bank, of Lake George. Legalitv apnroved Vandewater, Sykes, Heckler Galloway, of New York City. by ^ Co., June on sealed bids 1, 171, v. bids highest bidder was Co., B. J. Van In- $295,000 Jan. 50—were not sold, p. received Denomination 1949. 1 Nov. on inclusive. from $1,000. 1951 to Principal and 1960 interest (M-N) payable at the First Na¬ Norwood. Legality1 approved by Peck, Shaffer & Wil¬ tional Bank, liams, of Cincinnati. 12— all as returned were Clerk-Treasurer of will Education, the Genter, Board receive of sealed bids until 3 p.m. (EST) on Jan. 30 for the purchase of $166,000 build¬ ing and equipment bonds. Dated Feb. 1, 1950. Denomination $1,Due 000. Dec. on from 1 1951 to inclusive. 19/4 Principal and (J-D) payable at the State Bank, Wauseon. ^ interest Peoples Ohio Piqua, Sal e—The Bond offered bonds 51—were Jan. $183 817.45 14—v. awarded to 171, p. Piqua Na-, tional Bank Ohio Sold-The Not building bonds offered 1 100.66, as 114s, at a price of basis of about 1.07%, as a follows: $93,848.28 sanitary 59.969.17 ter and storm bonds. sewer un¬ opened. sidewalk, curb and gut¬ bonds. i Ohio Kenton, Interstate Bloom $200,000 fire alarm system, bonds: $16,000 as 6s, due on Feb. 1 from 21/2s, due as 1956 on 1961 to Feb. 1 inclusive, 1966 to 1979 incl. from 2V2S, as due l%s, due as from 1 inclusive 1961 to 1956 $160,000 Feb. on on and Feb. 1 1962 to 1979 inclusive. from $30,000 as 6s, due on Feb. 1 from 1953 to 1955 inclusive; $60,000 as 21/2S, 675,000 water Feb. on 1961 bonds: 1 1956 from inclusive; $410,000 to as Feb. 1 from 1962 1980 inclusive and $175,000 l%s, due to on 1V4S, due as Feb. 1 from on 1981 to 1987 inclusive. 1953 as $656,000 1 as inclusive; l%s, due on Feb. $200,000 Feb. inclusive; 1961 to 1962 to from and 1955 to 2V2s, due on Feb. 1 1956 from as 1980 inclusive iy4s, due on from 1981 to 1985 incl. 1 facilities recreational 1,000,000 bonds: $123,000 Feb. from 1 as 1951 6s, due on to 1955 in¬ clusive; $141,000 as 21/2s, due Feb. 1 from 1956 to 1961 on inclusive, and $736,000 as l%s, due on Feb. 1 from 1962 to 1980 inclusive. street 1,000,000 bonds: $140,000 Feb. from 1 improvement as 1951 6s, due on to 1955 in¬ 50—were awarded to the Har¬ p. ris Trust & Savings Bank, of Chi¬ Ohio *■ $68,000 school cago, First of Michigan Corpora¬ building bonds offered Jan. 18— tion, of New York, and the Ohio v. 171, p. 143 — were awarded to Co. of Columbus, jointly, as l3/4s, Braun, Bosworth & Co., Inc., as at a price of 100.51, a basis of of Webster), Sale —The price of a about 100.58, a basis about E. Butler Bond 1.70%. bidder 2.44%. (P. O. Ohio County Hamilton), Offering Thomas H. — Feltz, Clerk of the Board of Coun¬ ty Commissioners, will receive sealed bids until noon (EST) on Jan. 31 for the purchase of $98,000 water supply bonds. Dated Dec. 1, 1949. Denomination $1,000. Due on Dec. 1 from 1952 to 1966 inclusive. Principal and interest (J-D) pay¬ able at the County Treasurer's of¬ fice. Legality approved by Peck, Shaffer & Williams, of Cincinnati. Columbus Grove Local Sch. Dist., 1,000,000 sanitary sewer bonds: $48,000 as 6s, due on Feb. 1 from ing bonds offered Jan. 17—v. 171, Twp. Local Sch. Dist. (P. O. South Bond l3/4s, due on 2y2s, at $160,000 as 1 inclusive; 1955 to 1952 Corp., OHIO of about price of 100.12, a basis 1.78%, as follows: $96,000 Queensbury Union Free Sch. Dist. No. 2 (P. O. R. F. D. No. 2, Glens Falls), N. Y. Due the purchase of $175,000 street improvement bonds. Dated Nov.. t due Denomination $1,000. Due on 1 a 2.23%. second & gen 200,000 police station bonds: $16,000 as 6s, due on Feb. 1 from 1952 to 1955 inclusive; $24,000 (P. O. Grahams- inclusive. 1975 to lV2s. Bonds Ohio 30.000.00 fire apparatus bonds. Securities Bond Offering — John P. Cook. The second highest bidder was Bond Sale—The $4,075,000 bonds Corp., Charlotte, and C. S. AshCity Auditor, will receive sealed offered Jan. 17 were awarded to a mun Co., jointly, for $190,000 as Haisev, Stuart & Co., for l!4s, at bids until noon (EgT) on Feb. 1 a price of 100.44. syndicate composed of the First 6s; $450,000 as 2s; $240,000 as for the purchase of $280,000 sew¬ as iy4s, at 'a National Bank, of New York, Hal- 2V4s, and $120,000 erage system and disposal plant Point No. 2 Local Sch. Dist. (P. O. price of par, a basis of about sey Stuart & Co., Glore, Forgan & bonds. Dated Feb. 1,1950. Denom¬ Route 2, Bainbridge), Ohio Co., of New York, Blair, Rollins & 2.16%. ination $1,000. Due on Dec. 1 from Bond Sale—The $20,000 build¬ Co., Inc., R. S. Dickson &' Co., of 1951 to 1970 inclusive. The bonds NORTH DAKOTA ing addition bonds offered Jan. 12 Charlotte, Scott, Horner & Mason, maturing on and after Dec. 1, 1961 •—v. 171, p. 51—were awarded to; of Lynchburg, Laidlaw & Co., University of North Dakota (P. O. are callable in whole or in part in J. A. White & Co., of Cincinnati, Adams, McEntee & Co,, both of Bismarck), N. Dak. their inverse numerical order on as 23/4s, at a price of 101.34, a basis' New York, Peoples National Bank, Bonds Sold—An issue of $750,Dec. 1, 1960, or on any interest of about 2.63%. C.F. Cassell & Co., both of Char¬ 000 dormitory revenue bonds has payment date thereafter, at par lottesville, Peoples National Bank, been sold to the Bank of North and accrued interest. Interest J-D. Rocky River City Sch. Dist., Ohio of Rock Hill, Hamilton & Co., of Dakota, of Bismarck, on a bid re¬ Bond Sale—The $750,000 build-1 Legality approved by Peck, Shaf¬ Chester, H. V. Sattley & Co., of flecting a net interest cost of about fer & Williams, of Cincinnati. ing bonds offered Jan. 12—v. 170,' Detroit, Southern Investment Co., 2.87%, for $145,000 as 2s, and p. 2483—were awarded to Halsey,' Marietta City Sch. Dist., of Charlotte, and the William R. $605,000 as 3s. Ohio Stuart & Co., First of Michigan Compton Co., of New York, at a Bond Sale—The $1,350,000 build¬ Feb. Dist. 1964 as 1 June on from 1976 to 1979 inclusive. The Charlotte, N. C. and Wawarsing and Rochester 2V4S. Due R. S. Dickson & from Fallsburgh, from CAROLINA NORTH Cincinnati), from 1958 to 1963 inclusive. as Norwood, Offering—G. E. Lyle, City Auditor, will receive sealed bids until noon (EST) on Jan. 31 for Bond Offering—Ada W. Shafer, City v. or, holder, $24,000 Neversink, Y. at the option of the the Chase National New York City. Legality Branch, bonds Roosevelt to Patent), N. Na¬ Y. N. $55,500 18—v. awarded sealed Farmers the of care Bond were receive will Trustees, Dempsey, of Cleveland. Pettisville Local Sch. Dist., Ohio Bond Offering—Ed $1,000,000 school & Bond , par. building bonds offered Jan. 17— until noon (EST) on Jan. 27 for 171, p. 143—were awarded to a the purchase of $60,000 northeast Bond Offering — Elizabeth L. syndicate composed of Alex. trunk line tional Bank, of Amsterdam, at sanitary sewer bonds. & District Clerk, will re¬ Brown Sons, of Baltimore, Dated June 3 p.m. (EST) on Jan. 27 for the Stukey, 1, 1949. Denomination ceive sealed bids until 3:30 p.m. Kirchofer & Arnold Associates, purchase of $90,000 school addi¬ $1,000. Due on Oct. 1 from 1950 tion coupon or registered bonds. (EST) on Jan. 31 for the purchase Inc., of Raleigh, Vance Securities to 1964 inclusive. Principal and of $215,000 school 1949 coupon Corp., of Greensboro, J. Lee Peel¬ Dated Dec. 1, 1949. Denomination interest (A-O) payable at the City or registered bonds. Dated Dec. 1, er & Co., and R. S. Hays & Co., Treasurer's office. $500. Principal and interest pay¬ Legality ap¬ 1949. Denomination $1,000. Due both of Durham, at a price of par, able at the Farmers National Bank, proved by Squire, Sanders & a basis of about 2.14%, as follows: on Dec. 1 from 1950 to 1979 inclu¬ of Amsterdam. Legality approved Dempsey, of Cleveland. sive. Principal and interest (J-D) $160,000 as 6s. Due on June 1 from by Moore, McKee & Moore, of Indian Hill Local Sch. Dist. (P. O. payable at the Oneida National 1951 to 1957 inclusive. Amsterdam. Bank & Trust Co., Holland Patent R. R. 1, Madisonville, 200,000 as 144 s. Due on June 1 of bids Bank, Mount Vernon. Le¬ gality approved by Squire, San¬ Greenville, Ohio Rockingham), N. C. Bond Sale—The 17 White & Co., of Cincinnati, as 3s, at County $4,000 improve¬ bonds offered Jan. ment dated Jan. 1, 1950. De¬ tional Due Germantown Local Sch. Dist., Ohio second The a are sive. Principal and interest (A-O) payable at the First-Knox Na¬ ders 1960 to 1965 inclusive. from Bonds nomination $1,000. Due on April 1 and Oct. 1 from 1951 to 1970 inclu¬ Franklin inclusive. 1960 Feb. $1,000. terest Sept. on to 1960 inclusive. Due to Dated inclusive. 1V2s. as from 1951 Due on June 1 from 1954 to Due Sewer bonds. Holland O. bonds. 100.97. re¬ follows: as Co., Inc., Ryan, Sutherland & Co., Olderman, Asbeck & Co., jointly, for- 13/4s, at a price of and Clerk of the Board Commissioners, will bonds, divided follows: 18—v. Legality approved by Haw-, Delafield & Wood, of New basis of about 2.07%. The second highest bidder was First Trust & York City. Deposit Co., Syracuse, for 2.10s, Florida Com. Sch. Dist. No. 11 at a price of 100.01. (P. O. R. D. No. 2, Trenton, Remsen, Deerfield, March, Amsterdam), N. Y. Floyd, Steuben, Western, and Bond Offering—David M. CoRussia Central Sch. Dist. of the Board $250,000 county jointly, 1952 kins, ville, Jr., Chairman Wachovia Asheville, County National Bank, of Fulton, 2.10s, Offering (P. Ohio (EST) for the purchase of $100,- Carolina Co., of Chicago, and the Bank & Trust Co., of Nuveen & Y. N. The — offered 234—were as comb. North Bond Sale—The Bond Carley, County ceive County (P. O. Greenville), Pitt $30,000 as 4s. Bond to City. Sandy Creek, bonds 1962 from inclusive. County Columbus), Denomination hospital bonds offered Jan. 17—v. $72,000 Sewer District Miff in No. Jan. 1 from 1951 to 171, p. 235—were awarded to John 1, Water Improvement No. inclusive. 1965 1961 to 1, 1950. Due on $1,000. N. Y. 1 on 1970 District Clerk, will Bristol, Victor, West Bloom- Feb. due Alice Burke, — 1956 Monday, January 23, 1950 Franklin 2V2S, due as from 1 inclusive and $540,000 as l%s, York Offering Bond Feb. on (P. O. Rotterdam), 8 New a par. Sch. No. CHRONICLE FINANCIAL & clusive; $320,000 Rotterdam Union Free Sch. Dist. Somer¬ was for East Bloomfield, Canandaigua, Bond COMMERCIAL THE (402) Sale—The for Bond a Cleveland, as l%s, price of 100.17, a basis of 1.72%. The second highest bidder 2s, at was a (EST) on Eraun, 29 bonds of¬ awarded to Co., Inc., as were Bosworth & price of 100.54, a basis of about 2.19%. The second high¬ est ing. a bidder Inc., 100.31. was Doll for 214s, of Sch. Dist., Ohio Board of Education, building and improve¬ bonds. Dated Denomination and 1 noon Jan. $1,000. Dec. 1973 inclusive. 1 1, 1950. Due from on 1951 Bond of the at Rt. Clerk as¬ bonds, originally sched¬ uled for Jan. 18, has been post¬ sessment poned until Feb. Mount Vernon & a Isphord- price of Bond were at a basis of about 1.65%. of T. — Board of Jan. 101.06, Due The second Jan. on , Baker,- Education, - noon • Denomination $500.^, 15 from Principal 1952 to 1976 . interest and (J-J) payable at the Farmers and Shelby City School District, Ohio Bond Sale—The $375,000 build- > 12—v. 171,1 51—were awarded to the First • Cleveland Corp., of Cleveland, as » l3/4s, at a price of 100.34, a basis of about 1.71 %. highest bidder & . 'The price of 102.33. " a * second' Halsey, Stuart' was Co., for 2s, at ' ' . District Sugarcreek), , (P. I • Sugarcreek-Shanesville Local - - O. Ohio * - Bond Sale—The $180,000 build¬ ing bonds-offered p. Jan. 16—vl 171, 143—were awarded to the First Cleveland Corp., of Cleveland, as, 2!4s, at of a about highest price of *101.44, 2.09%. bidder worth Co, Chicago, Braun, Bosworth price of 101.33. & The a basis second was Braun, Bos¬ Co., Inc., for 2y4s, at a highest bidder was Northern Trust & C. Traders National Bank, Hill'sboro. Legality approved by Peck, Shaf¬ fer &, Williams, of Cincinnati. 18 a O. on Jan. 31 for the purchase $12,500 building bonds. Dated School offered price the inclusive. I City Sch. Dist., awarded to Halsey, Stuart & l%s, of r Co., Paine, Webber, Jackson & Curtis, cf Chicago, and the Mil¬ waukee Co., of Milwaukee, jointly, as Offering (P. Ohio (EST) 10. Sale—The $990,000 school bonds Dist. wili receive sealed bids until ' addition Sch. Local ing bonds offered Jan. Sale Postponed—The sale Wil-' was Co., for 2y4s,'• 1, Fayetteville), Bond p. $32,813.66 water works & price of 101.92. Salem to Interest J-D. bidder Mericka Jan. 15, 1950. Jan. 30 for the purchase of $212,000 June a a price of 100.12, about 1.98%. " The * ot highest J. Ohio improvement Dec. 2j/4s. at Local price of 102,21. and fered price a will receive sealed bids until J. A. White & Co„,rfor Copley Local Sch. Dist., Ohio Bond Sale—The $312,000 build¬ ing at Offering—Thomas Bender, of the ment at of Minford $70,000 Miller & Co., of about l%s, 100.23. Clerk liam & 2s, at as second York, and Mul-^ Co., of Chicago,' New basis a & Co., Raffensperger, Hughes & Co., Westheimer & Co., and Jones B. Shannon &. Co., jointly, jointly, highest Morrow, Ohio build¬ ing, unlimited tax bonds offered Jan. 16 were awarded to Hayden, at second Wells J. A. White & Co.* W. was Hutton Ohio Bond The of laney, Volume 171 Number 4875 THE COMMERCIAL S«mbury Local Sch. Dist., Ohio $1,000, except one-for $973.36. Due Bond Sale—The $110,000 build¬ on ing bonds offered Jan. 13—v. 171, p. 143—were awarded to the Farmers Bank, of Sunbury, as Multnomah County, Menlo Park Water District (P. O. 2 !,4s, at a price of 101.00, a basis pf about 2.10%. The second high¬ est bidder was Sweney, Cart\i/right & Co., for 2%s, at a price of 100.76! Portland), Ore.—« Bond Toledo, - Bond Sale.—The improvement 17—v. to Ohio 171, 27 $162,000 street bonds offered 51—were p. Jan. awarded Halsey, Stuart & Co., as IV4S, a price of 100.53, a basis of at ab^ut 1.10%. until for Sale The — improvement fer'd on date same $26,000 bonds of¬ awarded were (PST) p.m. the purchase clusive. Bonds after July at date par maturing shall be call¬ any interest due on interest and (J-J) at any bank in the Stranahan, Harris & Co., Inc., Toledo, Braun, Bosworth & Co., Inc., and Ryan, Sutherland & Co., 1.45%. St. Bond County.. ing offered J. to Versailles Jan. A. Cincinnati, at 11 White were & Co., price of 101.86. a sealed bids until Feb. p. Bonds 7:30 p.m. (PST) 1 for the purchase of general obligation sewer 1, 1950. maturing De¬ March ,1, after 1460, shall be callable im¬ 16 143—were awarded to J. A. White & Co., of Cincinnati, as 2V4S, at a price of 101.47, a at par on interest 51 Bond Sale—The $32,000 build¬ ing bonds offered Jan. 17—v. 171, p. 235—were awarded to the First National Ottawa No. 7 Bond Sale—The (P. O. East 371, bonds offered 1950. water Jan. awarded 5—v. C. to Edgar Honnold, of Oklahoma City. OREGON 8. (P. O. Center R. D. No. 1), Pennsylvania Twp. Fauset, Steele & Co.. of Pittsburgh, as 2s, at a price Of 100.37. bidder for ~Thc second highest R. C. Schmertz & was 2%s, at Co., price of 100.29. a Authority, Sale Note — The Series notes offered Jan. 10 were awarded to the Chemical Bank & Trust Co.. of New York, and As¬ sociates, at 0.79% Feb. 7, 1950. interest. Dated on Feb. 9, Due Due in¬ 1968 redemption at the option of the city on Feb. 1, 1960, or any subse¬ quent interest payment date, at par, plus accrued interest to the date fixed for redemption and a redemption premium of % of 1% of the bond principal redeemed of the year, or amount for each fraction thereof, from the redemption to the date of date of ma¬ turity; such redemption premium Twp. (P. O. Horsham), Pa. chased Details—The obligation shall not exceed 2lfe % of the prin¬ amount of such bond re¬ deemed.-If less than all of the redeemed in order. their inverse Principal •• and (F-A) payable at the Chemical Bank & Trust Co., New York City, or, at the option of the holder, the at City Treasurer's office. Spartanburg County (P. O. Spartanburg), S. C. receive (EST) Ashmore, County Board, will the sealed bids until of $600,000 county, pital coupon bonds. 1950. a.m. general hos¬ Dated Feb. 1, Denomination $1,000. Feb. on 11 Jan. 26 lor .the purchase on from 1 1951 clusive.Principal, (F-A) payable Due in¬ 1968 and the at & to interest Central Trust TENNESSEE pur¬ .Lexington, Tenn. Bond tric bonds offered 51—were awarded & to the $250,000 elec¬ Series ' E revenue, Jan. 17—v. awarded to B. 171, J. p. Van Co.; Paul Frederick & Co., both of New York, and Clark, & Landstreet & $936,000 Series notes offered Jan. Bank Sale—The system Central 10 12th were Hanover 100.0004, as Trust Co., of New York, at 0.76%. Dated Feb. 7, 1950. Due on Aug. 11, 1950. Kirkpatrick, Inc., of jointly, at a price of Nashville, basis of a about 2.29%, 21/2S. from 1951 151,000 as on second June 1 1960 inclusive. to 2 V4S.' Due from 1961 The Due on June to 1971 inclusive. Gittings, District Clerk, will receive sealed Feb. 16 for the purchase of $100,- 6 Co., and Temple Securities Corp., Nashville, jointly, for 2s, bids until Feb. 6 for the purchase 000 school 2V4s and 21/2s, at of $500,000 bonds, 1950. Ore. Bond Offering—Bessie divided as fol¬ on lows: $305,000 County Sch. Dist. bonds. 395,000 Ccunty High Sch. Dist. In Duo clusive. ond bo»idp Sale—The offered Jan. $13,000 school 9—v. 171, p. 144—were awarded to the United States A,-'i(mal Bank, of Portland, as 2*' price of 100.36. nty . Sch. Dist. No. 19 Springfield), Ore. d'fermg — Mary Clark, Clerk, will receive sealed .o 1 Feb. 13 for the purchase 000 building bonds. Milton City, Ore. Bond Offering—J. D. Whitman, City Recorder, will receive sealed t,ds until 5 p.m. (PST) on Jan. 30 Jf r the purchase of $10,973.36 imp ovement bonds. Denomination sold to the Robinson-Hum¬ phrey Co., of Atlanta, as 2s, 2y2s and 3s, at a price of par. Due from 1953 to 1978 inclusive. Optional after 1964. Charleston Housing Authority, South Carolina Note Sale — The $671,000 20th Series notes offered Jan. 10 awarded as by Philadel¬ purchased by Central Bank & Trust Co., York, at 0.78% interest. Dated Feb. 7, refunding Dated March tion $1,000. 1950 to 1968 and 1, 1950. Due $1,233,000 improve¬ coupon 4 on bonds. Denomina¬ Sept. 1 from inclusive. and interest (M-S) Principal payable at the City Treasurer's office, or at the National Bank, New York City, at the option of the holder. Legality approved by Caldwell, Marshall, Trimble & Mitchell, of New York City. Chase Bond —v. Hanover New 9, 1951. Carr, Sale - The $1,500,000 school 1948 bonds offered Jan. phia National Bank, Philadel¬ phia, at 0.75% interest. 171,600 ment were follows: $500,000 purchased 1950. t)ue 3125. on Feb. to a First 170, p. 2632—were syndicate Securities 17 awarded composed of the Co. of Chicago, First National Bank, of Portland, Otis & Co., of Cleveland, Weeden & Co., of San Francisco, Free¬ man & Dougal Co., of New- York, & Co., of Chicago, Jones B. Shannon & Mcand Co., of De¬ unit! 8 p.m. (CST) the purchase of Nov. approved 10, by 1949. McCall, Paikhurst & Crowe, of Dallas. Offering—Jack Broad, City Manager, will receive sealed bids 7:80 (CST) p.m. Jan. on 30 for the purchase of $200,000 school, Series 1950 bonds. Dated Feb. 1, 1950. Due on Feb. 1 from 1957 to 1979 inclusive. terest Principal and in¬ payable at the Mer¬ (F-A) cantile National Bank, of Dallas. approved by McCall, Legality Jan. 24 for on school Dated Jan. 1, 1950. Denomination $1,000. Due on Jan. 1 from 1951 to 1970 inclusive. to the purchasers and the District. Fort Worth Indep. Sch. Dist., T exas Bond Offering—Ed P. Williams, Manager, will receive Business sealed bids until 2 p.m. (CST) on Jan. 25 for the purchase of $2,- 000,000 Brownwood, Texas Bond until Wick- $325,000 able Texas Dated Legality A. Principal and interest (J-J) pay¬ able at a place mutually agree¬ school Dated Feb. $1,000. house 1, 1950. Due 1950 bonds. Denomination Feb. 1 from on 1951 to 1968 inclusive. Principal and interest (F-A) payable at the First National Bank, Fort Worth. Le¬ gality approved by Attorney-Gen¬ era] of the State, McCall, Park¬ hurst & Crowe, of Dallas, and Vandewater, Sykes, Heckler & Galloway, of New York City. Parkhurst & Crowe, of Dallas. Giddings Indep. Sch. Dist., Dallas, Bond eral Bond obligation bonds offered Jan. 17—v. to Texas Sale—The $9,100,000 gen¬ 171, 236—were awarded p. syndicate composed of Phelps, & Co., Chemical Bank & Trust Co., Glore, Forgan & Co., a Fenn Merrill Lynch, Pierce, Fenner & Beane, F. S. Moseley & Co., all of New York, Stroud & Co., of Philad e 1 p Offering—M. L. Secretary of the Board of Trus¬ tees, will receive sealed bids un¬ house bonds. Co., Roosevelt Reynolds & Co., J. & G. White & Co., Inc., Ira Haupt & Co., G. H. Walker & Co., Wood, Struthers & Co., Wood, Gundy & Co., Inc., all of New York, Field, Richards & Co.,' of Cleveland, Commerce Dated Jan. 15, 1950. Denomination $1,000. Due on 15, 1950 to 1974 inclusive. March Interest M-S. Hemphill, Noyes, Parsons & Co., L. F. & Texas Meitzen, til 7:30 p.m. (CST) on Jan. 26 for the purchase of $125,000 school h i a, Hearne, Texas Bonds 000 Sold—An issue electric, water of $300,- and sewer bonds has been sold to R. K. Dun¬ bar & Co., and Rauscher, Pierce Co., both of San Antonio, joint¬ ly, as 2y.s and 3s. Dated Feb. 15, & 1950. Due in 20 years. Trust Co., of Kansas Levelland Con. Indep. Sch. Dist., Cicy, Barcus, Kindred & Co., of Texas Chicago, Gordon Graves & Co., Bond Offering — Percy Cole, G. C. Haas & Co., Paul Frederick Ar-Co.. Mackey, Dunn & Co., all of President of the School Board, will New vYork, Thomas & Co:, - erf receive sealed bids until 7:30 p.m. Pittsburgh, Rauscher, Pierce & (CST) on Feb. "2 for the pu*./chase of $650,000 school house bonds. Co., Dallas Rupe & Son, both of Dated March 1, 1950. Due on Dallas, Clement A. Evans & Co., March 1 from 1951 to 1972 inclu¬ of Atlanta, and Granbery, Marsive. Principal and interest (M-S) ache &: Co., of New York, at a payable at the Mercantile National price of 100.04, a basis of about Bank, Dallas. Legality approved 1.74%, as follows: by McCall, Parkhurst & Crowe, of $3,000;000 water works improve¬ Dallas. ment, Series No. 268 bonds: . $900,000 from and 4s, due as to 1951 1 from 1 inclusive, iy2s, due on as 1957 to 3,200,000 sanitary and sewer disposal plants, Series bonds: $960,000 as due on Feb. 1 from 1951 269 1956 000 inclusive, and $2,240,1 y2s, due on Feb. 1 as from 1957 to 1970 inclusive. 600,000 No. street paving, 270 bonds: Series $180,000 as 4s, 1951 on 1956 inclusive, and $420,000 iy2s, due from 1 1,700,000 street opening and wid¬ ening, Series No. 271 bonds: $510,000 as 4s, due on Feb. 1 from and 1951 to 1956 $1,190,000 Feb. 1 from inclusive, iy2s, due on as 1957 to ment, from and Feb. as 1951 No. 272 4s, due to $210,000 1 27 000 from on bonds: Feb. 1 1956 inclusive, iy2s, due on as 1957 to for 15, bids until school Feb. at his office in 10 a.m. (CST) on purchase of $70,- the house 1950. bonds. Due on Dated Dec. from 1950 to 1969 inclusive. cipal at 15 Prin¬ and interest (J-D) payable place preferred by the pur¬ a chasers. Lubbock, Texas Bond in¬ 1970 Offering—Lavenia Lowe, City Secretary, will receive sealed on Feb. 9 bids until 2 p.m. (CST) for the purchase of bonds, divided as $1,075,000 follows: $525,000 street bonds. Due on Feb. 15 from 1951 to 1975 inclusive. sewer bonds. Due on Feb. 15 from 1951 to 1975 inclusive. improve¬ sewer Series $90,000 Jan. 550,000 storm Offering—W. C. Crawley, Superintendent, will re¬ sealed Liberty, in¬ 1970 clusive. 300,000 ceive as Feb. 1 from 1957 on Bond County to due Feb. County, Tarkington Com. Dist. No. 17 (P. O. Cleveland), Texas Sch. in¬ 1970 clusive. 4s, Liberty 1956 $2,100,000 Feb. Feb. on to 1970 inclusive. Nashville, Tenn. Offering — W. M. Bond school construction Cayce, S. C. Sold—An issue of $115,water and sewer bonds has been price of 100.03. a bids until 7:30 p.m. (CST) on Feb. 7 for the purchase of CAROLINA Bonds 000 was Jr., City Clerk, will receive sealed SOUTH "J years. Harney County School District I a, 13 (P. O. Drewsey), Ore. <■' bondsv;: Dated Feb. 15, highest bidder John Nuveen & Co.; Jack M. Bass Denomination $1,000. Due Feb. 15 from 1952 to 1961 in¬ bonds, and to 1 Bond Offering—Howard J. Fear, Secretary of the Board of Educa¬ tion, will receive sealed bids until Prineville), of T. — strom, President of the Board of Trustees, will receive sealed bids hospital, Series 1949 bonds has sold to Moss, Moore & Co., Dallas, as 2s, 2^s, 3, 3V4S No. as Offering house bonds. Oct. 1 from on sewage follows; $99,000 1 Bond been Cross, $80,000 bonds Aspden, Robinson & Co., of Philadelphia, as l%s, at a price of 100.82, a basis of about 1.65%, as previously noted in v. 171, p. 236, will mature on Jan. 1 Sale—The 000 Rothschild — Clerk of Oct. on Sold—An issue of $150,- Graham, by Note Bonds cipal West Pittston Sch. Dist., Pa. (P. O. to Co., New City. • Legality approved by Reed, Hoyt & Washburn, of New York City. Horsham 1951. Crook County Sch. Dists. $1,000. 1955 The bonds maturing sub¬ Hanover Bank McKeesport Housing Authority, Pa. $492,000 10th from 1 York Sale Anson, bids p.m. from 1956 to 1966 inclusive. Housing Ore. County sealed Denomination Ingen Clackamas receive a.m. Feb. on Due TEXAS Bond Offering—R. H. Run awarded to were Bond $55,000 51—were p.. Pike general Panama, Okla. Sale—The until Sale—The $25,000 general obligation bonds .offered Jan. 16 cost of about Bond will 1 1980 to 1988 inclusive. (EST) on Feb. 2 for the purchase of $1,265,000 fire, street, sewer and park improve¬ ment coupon bonds. Dated Feb. 1, Jan. 27 for the purchase $17,000 school bonds. — - interest net bids Bond $12,000 build¬ reflecting a 1.57%. Mayor, Oct. on 1979 inclusive. 2s. Due as Greenville, S. C. on County Dependent School ing bonds offered Jan. 18—v. 171, p. 235—were awarded to the First National Bank, of Miami, on a bid reflecting a net interest cost of &bout 1.56%. The second highest bidder was Calvert & Canfield, on works sealed Coal Miami), Okla. bid Offering—Alvin J. Mor¬ District Secretary, will re¬ (EST) of Bank, of Chickasha. District a Bond gan, ceive Oklahoma Township School District (P. O. Bethel), Pa. l3As. 1968 to Bond Offering—J. Kenneth Cass, interest County Indep. Sch. Dist. (P.O. Ninnekah), No. 329,0ii0 Eagle Pass Indep. Sch. Dist., 1 1955 to 1967 inclusive. as from bonds. ment bonds. until 11 Oct. on Due , 47 Texas Due l^s. as from 100,000 fire department improve¬ numerical basis of about 2.12%. Grcsndy 478,000 be ~PENNSYLVANIA 41/fes. as basis of a follows: as from 1951 to 1954 inclusive. sewerage . OKLAHOMA $152,900 $1,000,000 water extension price of par, a 541,000 and (403) 1.84%, purchase of $1,155,000 bonds, divided as follows: payable at the City Treasurer's office. Legality ap-' outstanding bonds are to be re¬ proved by Winfree, McCulloch, deemed prior to their maturity, Shuler & Sayre, of Portland. the bonds to be redeemed shall < Bethel about to nomination $1,000.--* Due on March 1 from 1951 to-1970 inclusive. and provement bonds offered Jan. 171, Ore.. Dated March Barbot, the clusive. March 1, 1960, and on any interest paying date thereafter. Principal Exempted Village School District, Ohio Bond Sale — The $410,000 —v. son, bonds. Johns)} Ohio bonds awarded of Oakridge, troit, at C. sequent to Feb. 1, 1960, are subject Offering—Dale E. HelikCity Recorder, will receive $130,000 Sale—The $180,000 builds payable Bond on United Local Sch. Dist. (P. O. and on 1961, to Toledo, jointly, as IV2S, at a price of 100.29, a basis of about for $105,000 after July 1, 1961. Prin¬ on or cipal 1, Offering—D. City Manager, will receive sealed noon (EST) on Feb. 8 Dated April 1, 1950. Denomination $1,000. Due July I from 1951 to 1970 in¬ «tf df of bonds. CHRONICLE bids until Jan. on on able /Additional 8 water coupon " str<- et T. Bond Walker, Secretary of the Board of Commissioners, will-receive sealed bids i Offer in g—George FINANCIAL Florence, S. C. Feb. 1 from 1951 to 1961 inclu¬ sive. & Dated Feb. and interest 15, 1950. Principal (F-A) payable at the Mercantile National Bank, of Dal¬ las. Legality approved by McCall, Parkhurst & Crowe, of Dallas. clusive. 200,000 fire station and from and Feb. 1951 to $140,000 1 from 1956 as inclusive, iy2s, due on 1957 to in¬ 1970 park improvement, ries No. 274 bonds: 4s, due 1956 on Se¬ $30,000 as Feb. 1 from 1951 to inclusive, and $70,000 iy>s, due to Bonds Sold—An issue of $335,000 school house, on of 1949 McClung & Houston, and Rotan, Mosle & Moreland, of Gal¬ veston, jointly, Dated as Feb. 1 from 1957 1970 inclusive. Series bonds has been sold to Knickerbocker, clusive. 100,000 Menardville Independent Sch. Dist^ Texas signal system, Series No. 273 bonds: $60,000 as 4s, due on Feb. 1 proved as 2%s and 2%s. Dec. 15, 1949. Legality ap¬ by McCall, Crowe, of Dallas. Parkhurst & 48 (404) THE Sourlake, Texas Bond Sale Details—The $50,000 works improvement bonds Spangle, Wash. Bond Sale $8,000 as 3y2s. as —v. to follows: as building 28—v. 170, p. 2632—were awarded by Moroney, Beissner Houston, as previously jnoted in v. 171, p. 144—were sold of Due Feb. on the State 23/4s, at 3%s. as Due 4s. as 1961 Due 116 VERMONT works dienne Bank, of Chi¬ — obligation bonds 171, p. 236—; were awarded to Kidder, Peabody dfc Co., of Boston, as l%s, at a price of 100.72, a basis of about 1.66%. The second highest bidder was Harriman Ripley & Co., Inc., and Lee Higginson Corp., jointly, .for 1%S, at a price of 100.11. Lake Joint No. Doris School District $121,000 ONTARIO Port Bond Sale—The $100,000 build¬ ing bonds offered Jan. 18—-were awarded to of Harley, Hay don & Co., Madison, as 2s, at a price of 100.07, a basis of about 1.99%. The second highest bidder was Mil¬ waukee Co., Milwaukee, for 2s, at a 000 telephone 'Bankers 129,000 & a price of bonds offered Jan. 5 were sewer award¬ were were Due bonds offered 39,000 The $250,000 con¬ offered Jan. 9 as 31/4S. Due Dated Oct. Co., 1, 1949. (P. O. Fairfax), Va. — R, M. Lough- foorougli, Clerk of the Board of County Supervisors, will receive healed bids until 2 p.m. (EST) on Feb. 1 for the purchase of $3,000,000 sewer coupon bonds. Dated 1, 000. Due Denomination $1,July 1 from 1954 to Principal and in¬ terest (J-J) payable in Washing¬ ton, D. C. Legality approved by Mitchell & Pershing, of New York City. 1950. on 1983 inclusive. WASHINGTON Kittatas, Wash. Bonds Sold—-An issue of $100,- „ 000 sewer system revenue bonds has been sold to Richardsl& Blum, Inc., and Nelson & Co., both of Sopkane, jointly, as 3?,is. Wash. Seattle, „ " Bond Offering—W. Comptroller City C. Thomas,. will ■ select -Fe'\ Oil until bids for 8 HJ I'm. receive (T$T) . of | ■•ana J ourehs:>e '•,.*! ono Series LL-1, Wi.)> pcv. botid-i. Match Dated Iwmlo.'Ujors. SI J°l!. from 1 a.m. 1955 Callable as 1, WL De- Due whole a on March inclusive. 1975 to in or part Mp/ch 1, 1960, or 011 any interest payment date /iand accrued thereafter interest. at par Principal end interest (M-S) payable at the Washington Fiscal Agency in New York City at the City Treas¬ or urer's office. Legality approved by SAVINGS BONDS BUSINESS IS GOOD Wood, King & Dawson, of New York City. A d d i t i 011a 1 Offering Thomas will also receive hids until 10 a.m. (PST) SO for the purchase municipal light and enue, Series of sealed on Jan. Your company $485,000 power LR-8, and is good for business! Mr. — 1933 rev¬ indirectly i bonds. . Dated March. 1, tion $1,000. Due on March 1 from or in New York at the City Treasurer's office, at the option of the holder. Legality approved by Wood, King & Dawson, of New York City. ings Bonds through the Payroll Savings tremendous LIQUIDATION NOTICES more, —with : I corresponding increase in a duction. How come? It's process in but more one located National Bank of Winsted, at Winsted, in the State of Con¬ necticut, is closing its affairs. All creditors of the association are therefore hereby notified to present claims for payment to the undersigned at said bank. CLARENCE H. pro- intangible operating Workers who invest regularly in easy, automatic Pay¬ Savings way—become better workers. more of < more secure... are steadier and careful in their work. " The out economy of Bond sales on accrue from the effect the national economy— products TAKE THE5E or 2. Secure the What's izations in 3. help of the employee organ¬ promoting it. run experience of companies through¬ 4. Make employees can be persuaded to join Payroll Savings—without high-pres¬ selling. (The nation's biggest adver¬ tising program—built with donated space, awareness that Savings $3 when they mature.) creating universal Bonds pay $4 for 5. a The sign up participants. Urge each new employee, at he is hired, to sign up. For all the The Treasury Department of acknowledges with appreciation the publication of this message by Winsted, located at Winsted, in the State of Con¬ necticut, Is closing its affairs. All creditors the association are therefore hereby notified to present claims for payment to the undersigned at said bank. THE COMMERCIAL AND FINANCIAL CHRONICLE of EDWARD F. McARDLE, Liquidating Agent. Dated December 9, 1949. This is an official U. S. Treasury the time help ytm need, get in touch State Director, U. S. Treasury Department, Savings Bonds Division—or write the Savings Bonds Division, Treas¬ ury Department, Washington, D. C, with your BUNNELL, Hurlbut National Bank . person-to-person canvass once year, to Liquidating Agent. X>ated December 9, 1949. , use posters and leaflets stories and editorials in com¬ pany publications to inform employees of the Plan's benefits to them. a sure IN YOUR COMPANY Adequately and by spreading the national the nation indicates that at least half of your STEPS 1. See that top management sponsors the Plan. * time and services—is Indirect benefits your power Bond sales improve the equilibrium our debt. that has been demonstrated than 20,000 companies the plan. roll an that will buy services in the years to come. absenteeism, labor turnover, and accidents The}' feel First —money Direct benefits include decreases in backlog of purchasing HHP BUILD SECURITY— com¬ because Bond dollars add up to a Ran. Savings Bonds—the The which, of course, the future of all panies depends. That future becomes more secure ! Principal (M-S) payable at the State fiscal agency City, on boost sales of U. S. Sav- 1950. Denomina¬ 1956 to 1960 inclusive. and interest benefits both directly and as you on 1956 to 1964 inclusive. Bond Offering Jan. Jan. as 3s. Due on Oct. 1 1950 to 1955 inclusive. VIRGINIA 1 1 9 follows: bonds awarded to Gairdner & Dec. awarded to the Rene T. Le- Fairfax County Sanitary District No. on $61,000 Foy School Commission, Que. — 1 clerc, Inc., of Montreal, at a price of 99.05, a basis of about 3.31%^ QUEBEC struction 3y2s. as struction 100.74, a basis of Dated Dec. 15, 1949. as Bond Sale $15,000 Dec. Ste. Martine Sch. Commission, Que, Bond Sale — The $100,000 con¬ Due in 1 to 15 years. Ste. on Dated Dec. 1, 1949. the to Corp., Fairclough Co., and the Canadian Bank of about 3.19%. Pardeeville, Wis. Sale—The improve¬ Commerce, all of Toronto, jointly, at Due from 1960 to 1964 inclusive. Bond price of 97.82. Bond system 3s. as from 1950 to 1959 inclusive. Arthur, Ont. ment bonds has been sold Wis. 3, Frink, Clerk, will receive sealed (CST) on Feb. 1 for the purchase of $295,000 school bonds. Dated April 15, 1950. Denomination $1,000. Due on April 15 from 1951 to 1970 in¬ clusive. Principal and interest payable at the Kellogg-Citizens National Bank, Green Bay. Le¬ gality approved by Bie, Welsh, Trowbridge & Wilmer, of Green Bay. 18—v. Nationale of Montreal, jointly, at a price of 98.42, a basis of about 3.54%, as follows: CANADA Bonds Sold—An issue of $935,Fox bids until 8 p.m. general Jan. (P. O. 1 Ltd., Inc., Lagueriz & Des Rochesters, both of Quebec, and Banque Cana* p. First National Bay), Wis. Offering of Toronto, Dudley Dawson, of Montreal, J. T. Gendron, basis cf about 2.48%. a highest bidder was Harris & Savings Bank, Chicago, for iy4s, at a price of 100.87. District Graniteville Fire Dist. No. 4, Vt. Bond Sale—The $150,000 water offered bonds offered Jan. 17 144—were awarded to Dairyman's State Bank, Randolph, at a price of 100.20, Trust (West Allouez Avenue, Green Bond Barre, par. Allouez Sch. Dist. No. inclusive. 1969 to 171, Monday, January 23, 1950 ed to the of ond Feb. 1 from on CHRONICLE cago, as 1Y4S, at a price of 101.05, a basis of about 1.11%. The sec¬ 1 from 1956 to 1960 inclusive. 131,000 Committee, WISCONSIN Feb. on price of the 1 from 1952 to 1955 inclusive. 11,000 a Finance FINANCIAL Bond Sale—The $180,000 school works system bonds offered Dec. purchased & Beloit, Wis. The $7,000 water — water Co. COMMERCIAL advertisement prepared under the auspices of the Treasury Department and the Advertising Council. frorm Oct. 1