Full text of Commercial and Financial Chronicle : January 25, 1943 : State and City Department Bond Proposals and Negotiations, Vol. 157, No. 4145

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♦

18

«A*t

MONDAY

Reg.

Volume

157

New

Number 4145

STATE

S.

U.

I'at.

JAN 2 5 1943

Office

Price 60 Cents

York, N. Y., Monday, January 25, 1943

DEPARTMENT

CITY

AND

Copy

a

BOND PROPOSALS AND NEGOTIATIONS

struction

would

offer job

during the transition of
industry and business from war
to peace. A program of construc¬
tion with new highway and bridge

should

designs

be

would

revenues

duced under

a

be

tenders.

further

Delaware

where

ARKANSAS

high
by Oswald F. Ben well of Denver

^Lee County, Hog Tush Drainage
District (P. O.

157, p, 209—were sold at par,

---v.

Marianna), Ark.

issue of $15,000 4% dis¬
refunding bonds has been
approved as to legality by Charles

Connecticut

Dated

a

Pasadena, Calif.

&

of

composed

America

of

National

the

Trust

Co., Weeden & Co., R..H,
Moulton & Co,, and William R.
Staats Co., and the Bankamerica
Co.,. all of San Francisco, was the
successful bidder for the $988,075
bonds held as city investment and
offered at public

offering

minimum.

For

Re¬

Debt

reserve

used to retire

for

post-war

reflected

be

out¬

use,

ac¬

a

these

fees
in

Urges

Highway

islature Jan.

1943

sale on Jan. 19.
included
$313,500

"The increased

revenues

State

treasury from the

dous

in the

partment

were

highway de¬

urged

upon

State Legislature by

ennial

report

of

State

the

the bi¬

Highway

expansion

tremen¬

Commissioner

William J.

Cox as

of war produc¬ madepublicJan.il.
Included was a proposal for re¬
tion," he said, "will be used to
retire the outstanding State in¬ payment
to the State highway
debtedness and to create a re¬ fund of $1,000,000 which was di¬
serve
fund for such program as verted to the State general fund
we may find it wise to undertake
in 1931.
after the war, as part of our post¬
war

various bonds of the State of Cal¬

planning."

.*

Also of fiscal interest

was

Gov¬

ifornia, which brought a price of ernor
Baldwin's
discussion
of
123.79, and $674,575 bonds of the highways, during which he stated:
city, the city school district/ and
"War has greatly reduced and
the
city
high
school
district, will continue
increasingly to re¬
which were awarded at a price
duce the use of automobiles. This
of
131.463.
Second high bidder is reflected in
gasoline taxes and
was
a group
composed of Blyth motor vehicle
registration
and
& Co., First Boston Corp., Kaiser
operators' license fees. The nor¬
& Co. and Thomas Kemp & Co., mal income of
about $20,000,000
which bid a price of 123.610 for a
year has shrunk to an estimated

Predicting that automotive tax

shrinkage would leave the high¬
way fund with a deficit of about

$1,000,000

a

year

in the coming

highway

for
the

bonds

and

the

State

131.395

for

local obligations.

Improvement District Debt Re¬
funded—Miner

B.

Phillips,

City

Controller, reports that as a result
of

a

for

half is definitely earmarked
bond service and $5,000,000

a

for State and town

refunding program completed estimated

five

and

aid, leaving
one-half

an

mil¬

Connecticut

and

maintenance

of

highway projects, "a

figure not approached in any pre¬
vious biennium and not likely to

was

taken

an ap¬

on

of

ture."

,

tutional amendment recommended

13, 1941, the district had been in
for morq than 10 years
with total indebtedness of $15,-

provides that only the General
Assembly be empowered to auth¬
orize State bond issues and that
no

State

should
with

department

at

such

any

time

default

880,664.31.
agency
Under the plan for composition
clothed the insolvent district is to provide

or

be

authority.

$400,000 cash from its funds ancl
proposed enact¬ revenues and use an additional
of 1% $5,660,000 as a loan from the RFC
on gross income in excess of $500
in paying its debts.
for 1943 and 1944 and a cigarette
Fort Myers, Fla.
sales tax, and estimated that both
Financial
Rehabilitation
Re¬
levies would yield about $2,40(1000
annually. This additional incbihe, ported—Progress effected by the
he said, together with other avail¬ above city in strengthening its fi¬
Governor

The

ment of

an

emergency tax

would be sufficient to nancial position is noted in the
anticipated
revenue
de¬ January "News Letter" of the
of
$3,000,000
resulting Municipal Finance Officers Asso¬

able funds,
offset
creases

biennium,

construction

The action

providing

Mr. Cox also urged from the war.
The most substantial losses in
that the highway fund be relieved
revenue,
actual and
of the burden of financing gen¬ Delaware's
the Governor said,
eral services attributable wholly anticipated,
are
or
approximately
as
follows:
partially to the war and not
directly related to the construc¬ From gasoline taxes and general
curtailment in auto driving, $1,~
tion
and maintenance of high¬
750,000; from race track decreases,
ways.
•
;
Mr. Cox reported that in the if not elimination, $350,000; from
$12,000,000 and will shrink'fur¬ last two years $48,203,888 was income tax falling off, $650,000,
ther.
Of this amount a million spent by the ^department for the and from liquor and other mis¬
and

.

reports.

and va¬ peal by H. W. Kelley and other
improvements.
He objecting creditors from an inter¬

.

the

per

remainder

State bonds as they ma¬
nate, as appellants allege, unfairly
Legislative endorsement of in favor of unsecured indebted¬
the measure, he, said, "will for- ness."
tify the State's position in the
The opinion said that at the
credit market."
Another consti¬ time the petition was filed, June

tion

highway

wartime

and

estate taxes collected in any

is

Solution
Of
Wartime
Problems—Measures to
financial prob¬

lems of Connecticut's

the

Circuit

Fifth

Appeals at New Orleans,
on
Jan. 11, approved a plan for
composition of debts of the Ever¬
glades Drainage District, Fla., un¬
der the Bankruptcy Act, Chapter

locutory decree confirming the
"that all p 1 a n ' for
composition on the
fiscal grounds that it was neither fair
year
in excess of $1,000,000 be nor equitable.
used for the payment of loans of
The Appellate Court held that
the State of Delaware, or placed the
plan of classification of in¬
in a sinking fund for the redemp¬ debtedness
"does
not
discrimi¬

amendment

taxes

this biennium."

E. Baldwin,, as revealed in his in¬
augural message to the State Leg¬

6.

the

States

Court of

also recommended a constitutional

so

which, however, there
be so great a demand in

other

rious

Any re¬
and

address

United

for institutional buildings

fund upon

surplus will not

Connecticut's
be

to
in

ease

Trust

Savings Association, American

The

Surplus

-—

automobile

privately-owned

cording to plans of Gov. Raymond

Sinking Fund Holdings Awarded
Bank

tirement

(State of)

standing State debt and to create

CALIFORNIA

syndicate

Use

funds will

Sept. 1, 1942.

—A

To

that

me

construction

rate is warranted in those
the
use
of
the

will

an

to

$2,000,000

cluding

where

cases

duction

CONNECTICUT

trict

& Trauernicht of St. Louis.

a

seem

reduced

Bonds Approved—It is reported
that

not

his

Tax

The

ization of $3,250,000 in bonds to IX, confirmed in the Miami divi¬
provide for initiation of a post¬ sion of the Southern Florida Dis¬
war
construction
program,
in¬ trict Court, according to newspa-

has been reduced to a

"I
commend
to
your
careful
consideration," he said, "the pres¬
ent schedule of operators' licenses
and
motor
vehicle
registration
fees
and the existing
rate and
method of motor vehicle taxation.
does

Sales

Legislature which
convened on Jan. 5, Gov. Walter
W. Bacon proposed the author¬

minimum.

It

In

—

.

Refunding Plan Upheld—

Debt

Contem¬

before the State

instances

in

and

Recommended

re¬

suggestion by Gov¬

reduced

be

use

Issue

plated—Income

'

♦

Everglades Drainage District, Fla.

(State of)

Bond

Post-War

Baldwin that motor vehicle

ernor

taxation

.

,

highway

•

since

completed.

DELAWARE

and

prepared

ready; for that time."
Connecticut's present

the projects have ings will be firm for 10 days sub¬
sequent to date of opening of

unspent,
not been

oppor¬

tunities

cellaneous
total

sources,

estimated

$250,000;

annual

or

loss

a

of

$3,000,000.
"Fortunately," Governor Bacon

in

ciation, which contrasts the situ¬
ation which prevailed on Dec. 1
last
as
compared with that of
three

years.

At the latter period

delinquent taxes totaled $600,000,

unpaid bills amounted to $168,000
the city had a debt of $3,~

and

000,000.

As of Dec. 1 last, accord¬

ing to a report made to the city's

residents, it was said that the city
would

soon

receive

a

formal dis¬

charge from bankruptcy proceed¬
ings, unpaid bills were almost li¬
quidated, taxes are greatly re¬
duced, foreclosures of delinquent
properties have been completed,
debts reduced, and tax rate cut
from 45 mills to 39 mills.
In ad¬

December, the indebtedness of lion for the next year for all op¬ be equalled at an early date."
said, "the credit of the State is of
Acquisition and Improvement Dis¬ erations of the State highway sys¬
Due to wartime restrictions on the highest order and our present
trict No. 1 (Colorado Street) was
tem and overhead and engineer¬ road
building
and
automotive : surplus accumulated by careful
reduced from $1,150,503 to $320,—
ing expenses in connection with travel, the commissioner antici¬ "'management can, it seems, pru¬ dition, it was said that 95% of the
786.
The old outstanding bonds
depended
upon
to entire tax roll has been collected
town and State aid roads.
After pated
expenditures
during the dently be
of the district have been cancelled.
deducting our necessary running- next two years of about $26,000,- bolster the revenues without re¬ for the last three years. Charles
The debt reduction, he said, was
quiring the entire $3,000,000 loss E. Chandler is City Clerk.
expense there will be only a very 000.
made possible by the application
to be replaced by new taxation.
small balance for the improve¬
Although biennial expenditures
of $420,000 of gasoline tax money
"Prudence should also dictate
ment of the State highway sys¬ reached their highest point in the
INDEX
and the payment by property own¬
that a working balance of not less
tem. Shortages of manpower, ma¬ department's
history,
Mr.
Cox
Quotations:
Page
ers of $413,696 in assessments. The
than $2,500,000 should be main¬
New York Stock Exchange
309'
terial
and
construction
equip¬ pointed out that receipts exceeded
New York Curb Exchange...
325
tained at all times."
refunding was accomplished un¬
ment, as well as funds, will cur¬ outlays by nearly $5,000,000. Total
Other Stock Exchanges..
330
der
the
Refunding Assessment tail
Unlisted Securities
335
highway cpnstruction almost receipts of the department dur¬
Bond Act of 1935, which converted
FLORIDA
State and City Department:
to the vanishing point.
Very lit¬ ing the two fsical years, ending
Bond Proposals and Negotiations. 297
the outstanding bonds from bonds
tle new construction and that only June 30, 1942, were $53,065,456.
Avon Park, Fla.
Gen. Corporation and Invest. News. 340
of an ad valorem tax district to
concerned directly with. improv¬ He explained the difference be¬
Tenders
Wanted
Louise
B.. Dividends Declared and Payable..,. 336
specific lien bonds, thus eliminat¬
ing the road system for immedi¬ tween receipts and expenditures Armstrong, City Clerk, will re¬ Redemption Calls and Sinking Fund
Notices
336
ing the hazard of pyramiding.
ate war purposes can be under¬
ceive sealed tenders until 10 a.m.
The Course of Bank Clearings
339
was principally due to the fact that
taken.
COLORADO
(EWT) on Jan. 25 of series A, Foreign Exchange Rates.
338
out of more than $10,000,000 re¬
Auction Sales
352
"We can anticipate quick re¬
Creede, Colo.
|AB and B refunding bonds of Capital Flotations During 1942...... 303
ceived from the sale of bridge 11942. Tenders must
Price Paid—The $28,000 3V2% sumption of highway use after
specify price Municipal Bond Sales In December
and During 1942.
water refunding bonds purchased peace comes. New highway con¬ bonds, nearly $4,000,000 remained desired for the bonds and offer¬
300




,

.

,

—

—.

..

THE COMMERCIAL & FINANCIAL CHRONICLE'

298

vision Of the Continental Bank-&

of the bonds

Trust

Fort Pierce Farms Drainage

exchanged

Co., New York, which will
certify as* to'the genuineness of
Refunding: Bonds Validated—A
the signatures of the officials and
decree
validating
an
issue of
pie ^eal impressed thereon.
Com¬
$120,000
refunding
bonds
was
parison of bids will be made by
signed by Circuit" Judge O. A,
Kanner recently, providing impe¬ taking the cost of interest to the
.city at the rate named in the re¬
tus to initiation of the district re¬
spective bids and deducting there¬
financing
program.
Under the
from the premium bid.
No bid
plan,
according to report, the
will be accepted for less than par
ftoonded debt of $519,500 will be and
accrued interest, and. any bid
refunded for $157,000, or on a;
not complying with the terms of
basis of 30 cents on the dollar
District.

Fla.

principal, With deductions for

of

In addition,, $300,000 of interest ac¬
cumulated to Dec. 1, 1942, will be
canceled completely. In order to
provide for the plan, the Recon¬
struction Finance Corporation will
purchase $120,000 of refunding
'missing interest coupons.

'

<

district

the

and

bonds

fur¬

will

nish

the notice of sale will be rejected.

,

bonds will be delivered and

must be

$7,000 with which to service the
bonds for the first year and this

as

bonds

is also

O.

L.

on

hand, according to

Stephens, receiver for the

district.

Miami, Fla.

of

Director

E.

Fuller,

Finance, will receive

tenders

sealed-

until

;

and

11

a.m.

'

the

in

indicated,

and

will

above

amounts

these

become

refunding

valid

obliga¬

tions of the city only as arid when

they

delivered and paid for,

are

although all of, the said issue are
to be dated March 1, 1943.
The
deliveries

Wanted—A.

Tenders

:

paid for in three install¬

follows:
$79,000 on
March 1, $81,000 on April 1, and
$73,000 on May 1, 1943. This is
being done to enable the city to
meet the payment of present bond
obligations falling due on the
ments,

dates

sum

,

unconditional.

bids

The

$37,000 in cash. The district
is required to have an additional
i

must

be

All

Will

be

made

at

the

& Trust Co.,
elsewhere as may
be mutually arranged between the
city
and the
purchaser.
Bids

Continental
New

York,

Bank

-

or

of

as

have not; been fSQ; ■;V„.

on

legal approving opinion of Chap¬ expressed in a multiple of V\ of
1%. Interest J-J. Said bonds, will
& Cutler; of Chicago,; and.
bids may., be conditional to that be .the obligations of the Easi
District as, a
extent.
Enclose a certified check Chicago., Sanitary.
special taxing district arid will
for $4,260.
not eons ti tute •• a: corporate; obli¬
Sued for $138,711—Suit is re¬
gation of the City of East Chicago.
ported to have been filed Dec. 30,'
The bonds will be payable out of
last, in
United
States
District
special taxes to be levied and cob
Court at Tampa by R. E. Crummer
Iccted on all of the taxable prop¬
& Co., a Delaware .corporation,
erty of the Sanitary District; the
seeking payment by the county of
boundaries
of
which
a r.e
co¬
$138,711 which the company, is
man;

The

8.

Surplus

in the

sinking

City

Commission will ac¬ fund will be used to 1 purchase
certificates tendered at bonds at the lowest prices,
the lowest prices submitted; pro¬
Plant City, Fla.
vided the commission may reject
Tenders Wanted—J. B. Peeples,
any or all tenders, but will not re¬
ject any tender which complies City Clerk, will receive sealed
the

cept

.

said to have claimed it advanced

with

extensive

the

corporate

tice

no¬

tenders until 7:30 P. M.

on

,

tax

receipts

,

the

were

during and immediately after the
war
period.
"Prudence should dictate

a

bus¬

iness-like approach to all of iriesefinancial
problems.
We cannot

eyade the responsibility of appro¬
priating sufficient funds to meet
the increasing cost of State gov¬
ernment during the next biennium, nor can we impair or sus-;
pend safely our present system of
distribution.
will

tunity

back for

time,; '■

..

\ ,;

.

-

f

ILLINOISi'■.: H
Aurora, lit.
Bond Election—An

held

Feb.

22

be

furnished

bidder

the

at

to

ex¬

|

■

election

wilj

of the Sariitary; District. No
bids will be consid¬

conditional

ered.
for

Enclose

certified

a

$5,000, payable to the 'Depart¬

ment of Sanitation;.

|

1

I

..

Indiana" (State of)

'

-,

.

-

Bond

Feb. 19

our

I

and

that

strongly

rec¬

substantial amount

a

present

reserves

held

be

purpose."

his

Balance^—In

State
ernor..

that

address

Legislature
.Henry.; F.

the

.

State's

finances

iri the fact that there
balance of
eral

State

all

fund

the

are

in

reflected

was

close

from

revenues

sources

as

a

$25,034,385 in the
at

the

to

Jan. 8, Gov¬
Schricker said

on

"excellent condition"

of

cash
gen¬
1942.

practically

have exceeded normal

June 30, 1943.
June 30, 1942, was

year on

Sanitary District, fllJ The balance

on

Refunding—P.

.

r

''

Bond

O f i

e r i n

g—Eugene

H.

Swartz, County Auditor, - will re¬
ceive sealed bids until 11 A. M.
Feb.
4 for the purchase of
$79,000- not to exceed 4% interest
bonds, as follows: $49,000 voting
r

machine

bonds

of

1943.

Due

as

follows: $10,000 on Jan, 1 and July
1 in 1948 and J949, and $9,000 Jan.

1, 1950.
of

1943.

and*

-

rent fiscal

Lake Cdunty (P. O.' Crown Point),
Jnd.

on

y

Ends 1942 With $25,000,000 Cash

the

.

Beardstown

institutions

ommend that

check

question expectations during the past two
of issuing $150,000 airport bonds;
years,
he said, and "estimated
The Civil Aeronautics,
Authority conservatively" that the cash bal¬
has earmarked $1,200,000 far the
ance
will be well in excess of
project. '
'
\
$30,000,000 at the close of the cur¬
on.

.

gram,

^

pense,

be

will

bonds

successful

the

the

for, a public works projespecially among our State

of

said

The post-war period
need and oppor¬

revive

beert called for payment/at .that

is

and

to "remember that

income

boundaries: of the City of Eas
county in October, 1941, " to
Chicago.: The opinion of Ross,
complete the retirement - of the
McCord,' Ice & Miller, of Indian¬
county's 1932 issue.;of road and
apolis, approving the legality of
bridge refunding - bonds that /had
the

M. Dump.
$27,436,365. The State, the Qovoffered at a lower for sale to the city of $50,000 re¬ City. Treasurer, "reports that the? emor continued, is fortunate that
H. C, Bpeer & Sons Co., Chicago,
it is, not faced with the - problem
.price than any tender accepted. funding bonds, dated Aug. 1, 1936;
'.s
handling the refunding of of finding new sources of revenue
The; expression
"lowest
prices i
St. Lucie Inlet District and Port $148,000 bonds.
;
"at a time when our people are
! submitted" as used above shall
," Authority, Fla.
mean
either the
"lowest
dollar
being sorely taxed for the suppprt,
Chicago Park District, ill.
i of the war." Much of the increase
Debt Agreement Report—It is
,price" .or "the highest interest
Tenders; Wanted---The Treas¬ in
revenues, also
yield basis calculated to absolute reported that agreement reached
"pressing de¬
urer of the Board of
Commission-} mands" for higher appropriations,
maturity" as the City, Commission with Ed C. Wright, holder of
ars
will
receive
sealed; tenders he
shall elect after examining the $172,000 bonds, paved the way for
added, "is directly traceable, to
until 2' p.m.
(EWT) on Jan.. 26 the
the refunding of district indebted¬
tenders.
war
activities
within
our
If any bidder whose tender is ness by the Martin County com-4 of refunding bonds series A and State,"
Continuing, he said:
B, dated Sept. 1, 1935, and series
accepted Shall fail to surrender, missioned
;"A proper study of the State's
./
2 and D, dated March 1, 1936. A
the certificates tendered at the
financial structure involves con¬
Sarasota County (P. O. Sarasota)], sum of $4,920,000 is available for'
date and place specified in' "the
sideration of the radical changes
'•
Fta-"L .! the purchase of such bonds at the which have taken
official notice, the certified check
place in the
lowest.prices obtainable; not ex+
Bond
accompanying the tender will be",
last decade- Prior to 1933, prac¬
Offering—T;
W.
Yarf
forfeited as liquidated damages brough, Secretary of the Board of ceeding par and accrued interesij. tically ouronly, source of State
The call for tenders is usually a
and placed in the Sinking Fund Public
revenue' was a
tax on real and j
Instruction, Will receive
provided for the refunding cer¬ sealed bids until 10 A. M: on: Jan. preliminary to issuance of a no¬ personal ■/property. The demands
tice .of call for thq redemption of .!
tificates of indebtedness.
:
29 for the purchase; of $213,000
of our people, for more govern¬
the bonds. on the first optional
The
certificates
accepted for refunding bonds, asfollows:
mental; service in
the fields of
i
date, which in the case of the
purchase shall be surrendered, on
; public; welfare,, health, safety, ed¬
$45,000 3V2% bonds: Due Sept.
above-mentioned bonds is March'
or before Feb. 27, at the Chemical,
ucation, etc;, together, with the,
1, as follows:
$5,000 in 1943 and I.
:
"
•
:
;
Bank & Trust Co., New York.
expansion/and increasing costs ,of
$8,000 from 1944 to 1948 incl.
;.v;
Milan, ill.
Enclose a certified check for
our penal and benevolent institu¬
$168,000 4% bonds.
Due Sept.
Bonds Not Issued—The $45,000,
1% of the face amount of cer¬
tions, created a burden too great
1, as follows: $10,000 from 1949 sewer and water main
tendered
for
tificates
extension} for property to bear.
purchase,
to 1954 incl.; $12,000, 1955; $13/
bonds reported-sold -in .1942
to
payable unconditionally to the
"New methods
000. 1956 to 1958 incl.; $14,000,
of
producing
Benjamin Lewis & Co. of Chir.
city.
Checks accompanying the 1959:
revenue had to be devised and the
$15,000 in 1960 and 1961,
tenders will be returned to the
cago, at a price of 99.27,' remain
and $13,000 in 1962.
Legislatures of eight and 10 • years,
unissued due to ihabiiiiy \to ob/
unsuccessful bidders after tenders
ago Undertook the responsibility,
All of the bonds are dated Sept.
tain the materials needed for the
are
opened and tabulated, and
of solving this problem.
Out of
Interest M-S.
will be returned to the successful 1, 1941.
project,
;
this there has evolved a great sys¬
Bonds maturing in 1952 to 1962
bidders upon the surrender of the
Tuscola, III.
'
; • tem of distribution pf State-col¬
will be optional for redemption as
certificates accepted,
units of,
Plans Revenue Bond Issue—The lected 'revenues of all
a whole, or from time to time in
Miami Beach, Fla.
local government.
In 1941, the.
part, prior to maturity on any in¬ City Council passed an ordinance"
State returned to these units $4*3,-,
Bond Offering—C. W. Tomlin- terest
December
to
issue. $106,000,
payment date on or after in
son. City Clerk, will receive bids Sept, 1, 1951, upon terms of par water revenue bonds tp finance 547,171 more than was returned
until noon on Feb. 3 for the pur-.: and accrued interest.
The
The bonds, acquisition of the, local properties to; the same units in 1931.
distribution for the current year
chase of $233,000 not to exceed 4% are to be issued for the
of the Municipal
Water Co.! of.
purpose
will " fee even greater.
I touch
-interest refunding bonds, issue of of refunding and
retiring a like Robinson. Due in -30 years.
with the terms of the official

well

..

of all or none of the certificates
Tenders Wanted—E. May Avil,
tendered, and shall state the time Town Clerk, is issuing a call for
and place for delivery of certifi¬ sealed tenders of refunding bonds
cates tendered as specified in the to be received until 8 P. M. on

Feb,

is

gross

.

.

—

it

.,</

..

purchase^ of subsided. ^Serious
and uncontrolled discretion, pri)rdecreases are
vided that the right is reserved .by $675,000 not to exceed 4V2% id-:
anticipated now in the alcoholic
tprest
sewage
disposal
plant,
the Board to reject any or all bids,;
bonds. • Dated Feb. 15, 1943. ; De¬ beverages tax, possibly as much
Principal and interest. payable at
as
40%,:and we also may look to
nom; $1,000,' Due $27;000 on Jan.
the Marine' Midland Trust Co.;
a - reduction in
store - license, in¬
1 .frohi 1945 to 1969 incl.
Bidder
New York City.
The1 purchaser
tangible' and gasoline tax receipts
will be furnished-without cost the to name a single rate of interest,

.

notice.

••

Chicago Sanitary District,

$10,000,000 less in thq fiscal year
Jnd.
Of 1939t1940 than they were in
purchaser. The award will
Bond Offering—Albert P. Lesbe made to the bidder making the.
1941-1942.
A
return
to
these
niak, City Controller, will receive
most advantageous bid as deter¬
lower
levels
may welf be
ex¬
seMe'd".bids ''until' 10 a.m.' (CWT)
mined by the Board in its absolute
pected after the war boom has
on
Jan. 25 for the

-

official

East

Ja n uary 25, 1943

to the

Southwest Tampa Draihage "
Feb, 17 for the pur¬
chase
by the sinking fund of must be upon printed forms to be
District Fla. 1
';
$240,000. city 2% registered re¬ furnished by said-bank, x>r by the
Boncl Validation Proceedings—4
funding certificates of indebted-, above, Clerk;. The bonds will be A petition filed- Jan. 4 in Circuit
ness, dated Jan. 1, 1947.
validated
fey decree of Circuit Court asks validation of $1,100,000
Each tender shall specify the, Court and the successful bidder
refunding bonds. - According to
amount,
registered
owner
and .will be furnished the approving report, the new bonds bearing 4%1
number of each certificate offered
legal opinion of Caldwell, Mar¬ interest will be accepted by . the
and whether accrued interest is
shall, Trimble & Mitchell of New Reconstruction Finance Corpora¬
included or to be added to the, York.
Enclose a certified check tion in exchange. for
itg present.
amount stated in the tender. Bid¬ for
$4,660, payable to the city.
! holdings of *63. District was es-4
ders may stipulate, if desired, that
tablished in 1923.
V".
•-.•/
- V
North Miami, Fla.
their tenders are for the purchase

(EWT)

INDIANA.

,

prior to the, tripe
sale and delivery of the bonds
on or

M onday,

July

$30,000 refunding bonds
.Due $15,000 on Jan, 15
15,!. 1947,
All of the

bonds will be dated Feb.
Interest J-J,

1, 1943,

Bids must be made

the
forms
provided by the
County Auditor and approved by

on

the Board of Commissioners
out

additions; alterations
Each bid must

sures..

be

with-J

or

era¬

accom¬

a non-collusion affida¬
executed in 4the manner pro¬
vided by law, and by a certified

panied by
vit

check in the amount of 3% of the

bonds, bid

Board;

of

on,
payable to the
Commissioners.
The

opinion of Chapman & Critic*, of
Chicago, will! be on file on the
date of the sale and Will be fur¬
nished the successful bidder at the
expense of the County;; No con¬
ditional/bids yyill be received,. ;*

Marion County

-

-

,

(P. O. Indianapolis), Irid.
Sale

Warrant

The

—

$625,000

'

■

-

.

,

,

.

county welfare fund and general
fund tax anticipation warrants of¬
fered Jan. 18 were awarded to a

composed of the Union
Co.,
American
National
Bank; Fletcher Trust Co., Indiana
National Bank, Indiana Trust Co',,
and Merchants National Bank, all
of Indianapolis; at 0.75% interest.
group

Trust

Due in 4%

months.
KANSAS

:

■

'

,

Wichita, Kan.

]■

.

'

*

,

1943.

1946 to

funding
were

Sale— The

$145,000 re¬
offered Jan. .18

bonds

awarded

tional Bank

to

.

the

First

Na¬

of Chicago, as

D/ss,
price of 100.40, a basis of
about 1.05 %,
Dated Feb. 1, 1943;
at

a

and due Feb. 1; as
from 1944 to 1948

from

1949 to

follows: $15,000
incl., and $14,000

1953

incl.

Interest

F-A:

Legality approved by Bowersockl, Fizzell & Rhodes of Kan¬
sas City.. Second high bid of 100,16
for
ll&s was made by. Halsey,
Stuart & Co., Inc.
KENTUCKY

Benton, Ky.

these startling facts only to.
Bonds Sold—The Bankers Bond
emphasize the, degree to which,
$1,000.
government
is dependent, Co., of Louisville recently pur¬
be required to accent
Bond Sale Details—The $20,000 local
1, as follows:
$10,000 in
delivery and
chased $39,000 water works rev¬
1958, $20,000 in 1959 and make payment in New York City road
construction
.bonds
pur¬ upon these distributions: A seri¬

Dated

terest M-S.

March

Bond

March

1, 1943.

Denom.

upon

In¬ amount of bonded indebtedness of
Due the Board and the purchaser will

Wade, III.

enue
bonds, as follows:
State revenues
result in State¬ $17,000 3% -refunding bonds. Due
Davenport, were sold ;
Jan. 1, as follows: $1,000 from
wide distress and budgetary con-,
as
4sf are dated July. 1, 1942,. in,
1944 to 1946 incl. and $2,000
i
the denomination of $1,000 and fusion.
from 3947 to 1953 incl.
"That. we, should anticipate a
mature Dec. 1, as follows: $1,000
22,000
3H%
refunding bonds.
in 1946 and 1947, and $3,000 in .sizable. reduction in future State
Due $2,000 on Jan. 1 froin
1948 to 1953. Principal and inter¬ revenues
can
hardly be ques¬
1954 to 1964 incl.
est/payable at-the First National tioned.- In our, financial planning
All of the bonds will be da'ed
Bank,' of Chicago.
Legality - ap¬ we - cannot ignore the post-war
.

1960, and $21,000 in 1961 to 1963.
prior payment is re¬

No option of

served.
a

Rate of interest to be in

multiple of not less than

tenth of 1%.

one-

on

or

bonds

before March 1. 1943.
have

issuance

and

been
sale

authorized

provided

The
for

that

the

Secretary of the Board,has
Principal and inter-- been, authorized to exchange any
in lawful money at' or -all of the bonds for a like

est

payable

the

Chemical Bank & Trust Co.,- amount of the bonded
York.
Registerable as to ness authorized to be

New

indebted¬

refunded.-

principal only; general obligations;

and

unlimited

srid bonds must be upon the basis
of purchasing all or such

tax

levy.

The

bonds

.will be prepared under the

super¬




all bids for the purchase of

chased in

1942

& Wood of

by Vieth, Duncan

ous/shrinkage

in

would, doubtless

Jan. 1,1943,. Denom. $1,000.
proved by Chapman & Cutler, of nicture. .No one. ,1 dare say, can
In¬
Principal and interest
portion' Chicago. •
•'
•
•' ' foretell accurately the future, but terest J-J,

.THE COMMERCIAL, & FINANCIAL CHRONICLE

Number. 4.145

,Volume 157

payable at the Bank of Benton.
Legality approved by Chapman &
Cutler of Chicago.
Bonds matur¬

•

until

effective

not

was

Most

motorists started

1.. at all times in

Dec:

with full tanks of gasoline and
1945 to 1964 incl. will be unclear, ideas about how strin-,
•subject to redemption on any in¬ gently driving would have to be,
;
!
terest payment date on 30 days' reduced.
In December, for the first timet
published notice in whole or in
in history of the eleven-year toll
;part in the inverse order of their

tion

.

Jan.

at

maturity at
Frankfort

I

and

1958;

thereafter

par.

•

Taxation

Imposing

■

Authority,

Housing

Opposes

/■'

to
-

Ky.

Proposal—

municipal
housing commissions would more
than double the rents and make it
impossible to relieve slum condi¬
tions, the Court of Appeals was
'told Jan. 6 by D. Collins Lee, at¬
torney for the Frankfort Housing
taxes

on

•

Commission.
;
Citing other court decisions
•which
he
declared
proved
the

•projects,

through

possible

made

Federal aid, were legally tax frefe,
Lee
asserted
their
continuance

•

•

possible o n 1 y through
monthly federal assistance.
This
•might-be" withdrawn, he said, if
state, county and city taxes had to
be paid,
In Frankfort that;would
result in the $12.19 monthly rent
•charged
ninety-one
occupants
i being jumped to $26.19, he said,
thus driving out the people whom
the project was designed to give
better living conditions.
Defending the right of Franklin
.County
Tax
Commissioner
Ira
I Webster to impose taxes: in the
was

,

.

'

Frankfort

agreed

•

which

case,

affect
housing in

would

municipal

counsel
all
other

the

state

"

-;

..

/•

•

able .Securities

loss

December

The

Milton

at

48%; at Smithland, 49.7%, at
...
' •
Catlettsburg, 50.1%.
In December, 69,345 fewer am
was

,

■

Destroys Last Of 1873 Bond Is-1

2:17%.",'" for the" bonds divided
follows; ;-/

that cost Louisville taxpayers $4,-

1873 bond issue for $998^000

burned Jan.
City Hall with

were

the

hind

11

court

other

commissions

were

tuted

free

rulings

not

the

consti¬

so

to

-lowsi

be-'

1947;

which

they

were

Hodgenville, Ky.
Paid—The

Price

building

$30,000
3%
refunding bonds

revenue

! purchased last September by an
; account composed of the Bankers
Bond Co., W. L. Lyons & Co. and
Stein Bros. & Boyce, all of Louis'

1106—were purchased by the group at a price of
102.75, a basis of about 2.37%*
ville, v.

*

156,

p.

as

&

Co., Bos¬

plus a premium of
$2.
Dated Jan. 5, 1943, and due
Nov. 4, 1943.
,

(P.

Refunding

building refunding bonds
purchased in 1942 by Stein Bros.
'•& Boyce of Louisville—v. 156, p.
738—were sold as 3s, at a price
of 101.10, a basis of about ?.?9%,
armory

'

•

Toll

Revenues

Bridge

1949:

$37,000,

1946;

$39,000,

$41,000,

1948:

$42,000.

$44,000 in 1950 and $47,-

'

:

000 in 1951.

258.000 2I2S.

•

cember

i in revenue

owned
! to

in
i

drop of 42.8%
from the fifteen state-

Caused

toll

a

bridges, as compared

the 30-vear bonds

when

,

were

<

'

:

■

within

cor¬

The
the

to

reasonable

a

time after the sale thereof at the
Court

House

Baltimore

will

where

in

Towson,

else¬

the

at

made

be

in

or

Delivery

City.

"because of

technicality in law"

a

ex¬

of the purchasers.

pense

'

sealed bids will be received until

11 a.m. (EWT). on Feb. 9 for the
purchase of $1,600,000 not to ex¬
ceed 5%) interest coupon Metro¬

politan District, 13th issue bonds
Offers
should
be
addressed to
G.>

James

Board

of

Due Jan. 1, as.fol-

Chief

Selfe,

Clerk

County Commissioners.

regard¬

The following information

ing the offering is in addition to
that given in the earlier report:
Rate of interest to be in multiples
of 1-8 or l-10th of'1%.

Bidder may

specify more than one rate of in¬
terest/ but may not specify more

payable to the County Treasurer.
MASSACHUSETTS
Bristol County

(P. O. Taunton), Mass.
*
Note Sale—The $300,000 notes
offered Jan. 19 were awarded to
Bristol

the

rer

Co.,

at

Other bids: Goldman,
Co., 0.43%; First Na¬
tional Bank of Attleborp, 0.47%
and
National
Shawmut
Bank,
1943.

12,

Sachs

&

0.543%?.
one rate for any one series.
Principal and interest (F-A) pay¬
than

able

at

the

will

be

tration

Union

of

Bonds

Baltimore.

in

issued
as

Co.

Trust

regis¬

subject to

to principal only at

office of the Safe Deposit &

the

Co., of Baltimore, registrar. The
bonds are issued pursuant to the
authority

of

Section

of

336

Ar¬

Essex

•

County

(P. O. Salem), Mass.
Note Sale—The issue of $900,000
notes
offered Jan.
19 was
awarded

Trust tional

ticle 3 of the Code of Public Local
in 1952; $50,000,
Laws of Maryland (1930 Edition),
T ,1953;
$52,000, 1954; $53,000,
as
originally enacted by Chapter
1955, and $56,000 in 1956.
539 of the Acts of the General
y3SO,000 214S: Due Jan. L as folAssembly of Maryland, passed at
./> •■'lows:
$57,000. 1957;'$59,000,
its January Session in the year
1.958; $62,000. 1959; $65,000,
and
as
last amended by
/
1960: $67,000 in 1:961, and $70,- 3924,
Chapter 1.86 of the Acts of the
000 iii 1972.
General Assembly of Maryland,
72,000. Is/'. -Due $72,000 in 1963
passed at its January Session in
>. and $23,000 in 1964.
• - the year 1937, and the bonds are
All :pf the bonds' are dated Jan!
also issued in accordance with an
■

Trust

County

0.423 %
discount.
Dated Jan. 20, 1943 and due Nov.

Taunton,

of

and

due

at

Jan.

15,

Dated

Nov.

8,

1943.

The

Bank

National

Merchants

Na¬

Gloucester,

discount.

0.468%?
1943

Gloucester

the

to

Bank

of

Salem, second high bidder, named
a

rate of 0.492%?.

Maiden, Mass.
Note Sale—The issue of

notes

000

offered

Jan.

$1,000,18

was

awarded to the National Shawmut

Bank

of

•

retired, leaving $761,000
be burned.
•
' .,./*!

.

Boston,

Dated

count.

at

Jan.

0.513%

1943

19,

due $750,000 on

,

,

.

.

.

.

at

103

for

the

but call¬

next

three

at 102 for the next 3 years;
at
101 upon
30
days' published notice on any In*

years;

thereafter

and

terest

date.

Principal and inter*
payable at the Elkton- Bank

Trust

from

*

and

Co.,

Elkton.
Payable
red by an exi
of the gross ! inf

s ecu

2.4.3%; Shields & Co.

assessment

& Burr,

and Coffin against all property located within
.syndicate, 2.245%; Paine, the Metropolitan District bene¬
Webber,. Jackson.& Curtis, and E. fited by the construction or in¬

in

H. Rollins &

Sons, and associates, stallation of

offered to take the bonds on

a

net

any

water, sewerage,

drainage systems installed pur¬
interest cost basis of 2.507%,
suant to the - authority of Chap¬
ter 539 of the Acts of 1924, as
t
.iBond. Call—President Board of
the proceeds realized
Levee Commissioners Gervais F, amended,
Favrot announces that 5% refund¬ from' the levy and collection of

Mosley, Jr., assistant to
of
ing bonds Nos, 1 to 45, $45,000, are
Highways
J. elusive pledge
come
and revenues derived by called for payment on March I, at
Lyter Donaldson.
lease of said property on a yearly par plus a premium of 3%-and
Receipts in 1942 from the 5cent State tax on gasoline dropped basis to the County Board of Edu¬ accrued- interest on date called.
Dated March 1,- 1936.
15%: below collections in
1941. cation by the Fiscal Court, of the
Interest
Collections in 1941 totaled $16,- County at an annual rental which M-S. Denom. $1,000.. Due March
is sufficient to pay all
interest I, 1951. -Said bonds may be re¬
663,221, while 1942 gasoline reve¬
and principal on the issue when deemed at the State Treasurer's
nue amounted to $14,141,376,
The
December
drop
in
toll due. Under the terms of the lease, office' in Baton Rouge, at .the
bridge collections is not an accu- jthe County Board of Education Whitney' National' Bank, in New
rate guide to what .may be ex-1 also agrees to properly maintain' Orleans, or at the New York Trust
pected in 1943 because rationing the property and keep it insured1 Co.; in New York City,' at the
Eugene

taxable

delivered

be

purchaser

of bonds offered last June,

issue

will

•

,

December, 1941, it was shown
&
summary released Jan. 8 by

Commissioner
•'

bonds

similar

a

all

upon

dis¬
and
Nov. 5 and $250,worth to
000 on Dec. 10, 1943.
Other bids:
Middlesex County National Bank
Pineville, Ky.
of Maiden, 0.529%; Maiden Trust
Price Paid—The $65,000 I3V4% 1, 1943, and are redeemable at the
ordinance
duly adopted by the Co., 0.53%; First National Bank
revenue
refunding " bonds : pur-^ option of the District Board of County Commissioners on Jan. 6,
of Boston,
0.534%; Second Na¬
chased in 1942 by Stein Bros. & Commissioners in whole or in part
1943. - The bonds are issued upon tional Bank of
Boston, 0.547%.
Bovce, and the Bankers Bond Co:, in inverse numerical order on any the full faith and credit of the
both of Louisville, jointly—v. 156, interest payment date to and in¬
Weymouth, Mass.
County Commissioners and the
Note Sale—The issue of $500,p.
122—were purchased ' by /the cluding: Jan, 1, 1953, at the par full faith and credit are irrevoc¬
bankers at a price of 110250*/ a value thereof and accrued interest
000
notes
offered Jan.
14 was
ably pledged for the payment of
basis of about 2.94%.
awarded to the Second National
v
plus a premium of 5% of such par the
maturity principal "and inter¬
Bank and the Boston Safe Deposit
tfalue, ;and thereafter on any in- est of the
bonds. The primary
Todd County (P..O.' Elkton), Ky\
tefest /payment, date at the par
&
Trust
Co., both of Boston,
-.' Bond -Sale. Details—Stein v
Bros;'' value thereof and 'accrued'inter- fund for the payment o£ the prin¬
jointly, at 0.413%> discount. Due
& Boyce of Louisville were" as-,
cipal and interest is the proceeds
est-J>ut'Withotit- any premium.
Nov. 5, 1943.
Other bids:
First
of special assessments and other
sociaied with the Bankers Bond
Boston Corp., 0.43%?, plus $1 pre¬
N Other Bids—A -number of other
charges
levied by the
County
Co,, of Louisville in' the recent
mium; First National Bank of
purchase of; $20,000 3% school bids vveref submitted for the issue, Commissioners pursuant, to the
0.43%;
Merchants Na¬
Co. and the authority of Section 335 of Article Boston,
building refunding revenue bonds; asToIlows: Blyth
tional Bank of Boston, 0.45%.
report of which appeared in V. Hibernxa National Bank of New 3 of the Code of Public Local
Orleans, and associates, bid fig¬ Laws of Maryland (1930 Edition),
156, p. 2178.
j
MICHIQAN
Dated Jan. 1, 1943. Denomina¬ ured a net interest cost of about as last amended by Chapter 463
2.212%; National Bank of Com- of the Acts of the General As¬
Grosse Points Woods (P. O.
tion $1,000.
Due Jan. I,-as fo!4
Grosse Pointe), Mich.
lows; $1,000 in 1944 to 1955, and merce, New Orleans, -and Strana- sembly of Maryland, passed as its
Bonds Sold—The $20,000 special
$2,000 in 1956 to 1959. Norn-cam han; Harris & Co., Inc., group bid January Session in. the year 1939,
and

ket

est

a

bill

in the State

submitted for

bids

sufficient taxes for

purpose

within the entire
porate limits of the County.

lows: $47,000

995,800 from date of issue to 1903;

Drop able

42.8%—Gasoline rationing in De'

rected to levy

.

able for the first 5 years,

Kentucky (State of)

t

special assessments, shall prove
inadequate, then the County Com¬
missioners are authorized and di¬

legislature to- permit the county
to issue $160,000 refunding bonds
The
county returned
unopened
the

and

property

Issue—A

introduced

been

and

levied

so

xaid

County
O. Portland), Me.

.

Hopkinsville, City of, and
Christian County, Ky.
Price
Paid—The
$43,500 ' 3%

xaxes

Cumberland

Maryland,

"

Due Jan. 1, as fol-

'

their

operated.
That issue, he said, was not rightly
presented when the Court of Ap¬
peals in a previous case ruled
municipal housing bonds wTere tax
•exempt.
■
" • • • '"'-V ;
by

;

$250,000 234S.

property funded for 312%, 40-year bonds.
from levies.
He also questioned
During the 40-year period $237.,'the constitutionality of the method 000
were bought in the open mar¬
as

Ripley

ton, at 0.53%

in

the event said
collected, to¬
gether with the proceeds of said

ficiency,

_

and 3 8,428 f e w e.r
crossed
the
15 i bridges
than in December, 1941." The au¬
tomobile loss was 53.7%, the truck
loss 31%. :; ;
" v
'./'■
'// '?'•
&,Sanford, Scharff & Jones, WHitDecember r e venue dropped
ney National Bank, all of New Or¬
from $109,287 in 1941 to $62,246
leans: Equitable Securities Corp.,
in 1942. v"
■%
•Eldredge &' Co., of. New York;
For the year asa whole, toll
Nusloch, Baudean & Smith,. Weil
bridge revenue dropped 29%-. Cob &
Co.," Lamar, Kingston & Lalections in 1941 totaled $1,818,568;
bouisse, Weil & Arnold, all of New
in 1942 totaled $1,290,015.
Orleans;, Breed & Hamson of
The year's drop in automobile
Cincinnati; Harvey Fisk & Sons
traffic over the bridges was 1,526,of New York; Newman', Brown &
196 units, a decrease of 25% from
Co. of New Orleans; Commerce
1941;
;•••;• ••
;• C // Union Bank of Nashville; Jac. P.
The, year's drop in trucks was
Ducourmau, Fred N, Ogden, Wool273,021 units, a loss i of 23% as
folk," Huggins & Shober, and Glas
compared
with
the • preceding &
Crane, all of New Orleans, on
year.-.,'- ,.;".
...
a
bid pf par plus a premium of
Louisville, Kyv"'. ;
$7.11, a net interest cost of about
tomobiles,

320,000

property within the Metropolitan
District to make up any such de¬

•

trucks,

an

$425,000 tax an¬
of 1943 offered

authorized and

The le¬
'
YV'"•/
..
and the county paid the maturing gality of this issue will be ap¬
Orleans Levee District (P. O. New bonds in full.
proved by Michael Paul Smith,
Attorney for the County Commis¬
Orleans), La.
'
Bond Sale—The $983,000 repa¬
sioner's, .and by Niles, Barton,
MARYLAND
Morrow & Yost, of Baltimore, and
rations-refunding bonds, issue of
Baltimore County (P. O. Towson),
1943j offered Jan. 16—v, 156, p.
^he approving opinions will be
Md.
delivered
upon
request to the
2265—--were awarded to a syndi¬
Bond Offering Details—As pre¬
cate composed of R. W. Pressprich
purchaser
without .charge.
En¬
viously reported in V. 157, p. 209, close a certified check for $80,000,
& Co., New York; White, Hattier
par. ;

'

ing.

Harriman

to

has

public / improvement bonds pur¬
chased late, in 1942 by the Equit¬
Corp. and Coutu¬
Bridges serving .war areas,: such
as
the span at Spottsville; suf-, rier, & Derbes, Inc., of New Or¬
fered least from gasoline "ration¬ leans, jointly, were sold as 4s, at

ordinary bounds.

of

under

;

Cueydon, La.

Bond Sale Details—The $25,000

;

.

r

i"

^

notes

are

to

levy and collect suf¬
taxes upon all assessable

ficient

Me.

Jan. 3—v. 157, p. 2—were awarded

Plans

cember, but traffic detoured from
U. S. 60 to the Tyrone span in
1941 swelled 1941 revenue out of

Mayor
Wilson W. Wyatt, Andrew BroadJ
While he granted slum clear¬ dus, aldermanic president, and the
ance
and consequential removal
sinking fund
commissioners : as
of centers of "crime and disease," witnesses.
■'
;
" y;
; was desirable, he contended that
The 7% bonds cost the city $2,~

.

Note Sale—The

ticipation

Tyrone dropped 53.9%' in De¬

within the constitutional
tax exemption granted to use of
"public money used for public
purposes."
<?
come

created

been

17.7%
drop
at . Spottsville, • the by. Grafton •& Grafton, of Louis¬
' ' 1
largest normal reduction was a ville.
51.6% drop at Burnside.
Receipts;
LOUISIANA

K, Lewis declared the projects did

not

has

directed

Auburn,

Sec¬

program,, every,
bridge, on .the hand and building, includ¬
a
decrease
in
receipts.! ing all additions, in favor of the
smallest
reduction
was
a
bondholders. ■ Legality approved

Assjstant Attorney . General . Jesse | sue—The - documentary .."remnants
.

,

as

162.300 of Kentucky Revised
of
1942.
A
statutory

Commissioners

Interest ceases on

MAINE

4421-

Statutes

mortgage iien

option.

date called.

issued

are

Section

bridge

1, 1948; thereafter at 103 on or
prior to Jan. 1, 1951; thereafter
prior to Jan. 1, 1954;
thereafter at 101 on or prior to

1,

holder's

showed
The

at 102 on or

with

accordance

20 Jo 4421-38 now codified

.

•

least

amount at

scanding.- These bonds
in

ing in

.numbering, .on and after July 1,
1944, at 104, on or prior to Jan.

an

the month I equal to-.the amount of bonds out-

299

-

or

.

such

assessments

heretofore and
constituting an

paving bonds offered

June, 1942, were purchased by
Stranahan, Harris & Co., Inc., To¬

ledo, as 2s, at par.
Lake

Township,

Macomb

County,

Mich.
Bond

Call—John

Sheldon,

B.

Township Clerk, calls for payment
on

Feb.

15, 1943, 2%% refunding
9 to

16, both inch, in

$1,000 denoms.,
original fund for the debt service
1941,
and
due
on all of the bonds heretofore or.

dated Feb. 15,
Feb.
15, 1943.

hereafter

made

bonds

Nos.

Bonds
should be presented for
the County
payment at the .National Bank of
Metropol¬
Detroit,
Securities
Department,
itan District, pursuant to the au¬ Detroit.
thority of the Acts of Assembly
Michigan (State of)
above referred to.
In the event

hereafter

issued

by

Commissioners for the

such pmceeds

shall at any time

prove insufficient for
of the debt service,

the purpose
the

County

Governor

Urges

$15,000,000

Post-War Readjustment Fund—In
his biennial message to

the State

and Publisher:

(Reg. U.. 8. Patent Office) William B.'Daira Company, Publishers, 25 Spruce Street, New York. BEekman 3-3341. Herbert D. Seibert, Editor
William Dana Seibert, President; William D. Riggs, Business Manager.
Published twice a week [every Thursday (general news and advertising-issue) with a statistical issue on Monday J. Other
offices: Chicago—In-charge of Fred H. Gray, Western Representative, Field Building (Telephone,State 0613). London—Edwards & Smith, 1 Drapers' Gardens, London, E.C. Copyright 1943 by William
B. Dana Company.
Reentered as second-class matter February 25, 1942,'at the post office at New York, N. Y., under the Act of March 3, 1879. Subscriptions in United States ana Possessions,
S26.00 per year; in Dominion of Canada, $27.50 per. year.
South and'Central- America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia
and Africa, $31.00 per year. NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New iork funds.
Commercial

and

Financial




Chronicle

THE COMMERCIAL ft FINANCIAL:

1944

School District No.

8, Mich.

to

from

Royal Oak Township

Legislature on Jan. 6, Governor
Harry '& F. Kelley recommended

1959

'incl.

1958

i960

to

arid"

sealed tenders until 7 p.m. (EST)
on Feb. 8 of 1936 refunding bonds,
series A and B, dated April 1,

be set aside for use
in post-war needs "which cannot
be anticipated at this time and
that subsequent surpluses as they
accumulate should be added to the

$25,000,000

issue

The

Louis.

refunding
tained

by

St.!

loan
from

a

ob¬
the

Sinking funds available for Reconstruction Finance Corpora¬
purchase of the bonds consist :of tion in -1939 and shows a reduc¬
Administrative Board.'
No "re¬ $2,764 for series A and $21,955 for tion of 66.7% from the • district's
ductions in taxes should be made, series B. Offerings should be firm original indebtedness.. *'•../»
he said, because of increasing goy-i for three days. ?; .ij;
,
■■...
NEW JERSEY
ernfnental
costs
and prospects
that * State feveniies will shfink
MINNESOTA
i
Bloomfield, N. 7.
due to war conditions,
He urged,
Bond Sale—The $172,000! cpur;
Austin, Minn. : •
that the Public Debt Commission
■Bond
Election^An
issue' of pon improvement bonds - offered
and the State Loan Board, be con-1
Jan.
18 —v.
157, p. 122—-were
$135,000 a i r p or t
construction
solidated into-a municipal finance
bonds will be considered by the awarded to Coffin & Burr, of New
commission.
The membership of
York, and MacBride, Miller & Co.,
voters at an election on Feb. 23(
both' agencies are the same, he
Newark, > jointly; as 1.40s, at a
said, and recommended that the Martin County (P. O. Fairmont), price of 100.189,.a basis of about
V.
:
new commission include the Su¬
Minn.
^
'" 7 1.37%. Dated Feb. -1, 1943. De¬
Bond V Offering—H.
E.
Chris- nomination
perintendent of Public Instruc¬
$1,000. Due Feb. 1, as
tion," inasmuch as many of the tianson, County Auditor, will re¬ follows:
$17,000 in 1944; $15,000
problems presented
to - these ceive sealed bids until 1:30 P. M. from 1945 to 1949 incl. and
$20,boards; involve ■ the fiscal affairs on Feb.;<1 for the, purchase of $26,000 from 1950 to 1953 incl. Prin¬
1936.

.

,

■

..

•

.

.

of the'school districts." >

to

Referring

200

"

not

to

exceed

State's fiscal drainage bonds.

the

interest

6%

Interest M-S.

Dated March 1, 1943.

Denomi¬
$2,000, $1,500, one for
nues of this State
and all other $1,700.1 'Due March 1, as follows:
$1,500 in ,1948 to 1954, $1,700 in
States with sales taxes Similar
tb;
ours ' have
maintained a consis¬ 1955, and. $2,000 in 1956 to 1962.
Payable at a place designated by
tently ' high level. r A deficit, of
the purchaser.
A certified check
$27,000,000 bn that date was re-]
for $2,000, payable to the County
duced to less than $12,000,000 by
the end of the: 1941 fiscal year Treasurer, is required. '

•position, the Governor stated:

J

.

'

"Since

July 1,
,

principally

result

the

as

in

increases

1939, the

and

sales

jj

reve-j

of the

use

Bid Rejected—Issue Re-Offered

V';'1 "This continuing trend entirely

Village Clerk reports that
bid received for the $40,certificates, of indebtedness

the

one

eliminated
the
general
fund 000
deficit early in December of 1941. offered Jan. 18
.

By

June 30, 1942,

there.has ac¬
cumulated in the State Treasury
an " actual
recorded
surplus of
nearly ' $7,000,000;' This surplus

"

that
on

a

was rejected, and
offering is being made

new

Feb.

1.

;

South

]% i

St.

•

'• -"/*■

Paul, Minn.

will

charging against the general fund
every known and recorded com'

mitment, "encumbrance, indebtedness and obligation attributable to
the general fund, including all ap¬
propriations made for capital outday even though war restriction?
and priorities prevented any pos¬
sibility of these funds being • ex¬

•

pended in the near future^

(F-A) payable

Rate

H.

Boland

B.

John
H.

&

Nuveen

L.

Allen

Co;

&

fund

expenditures have increased
higher rate so that at the
.beginning of ,1943 a surplus of
over $25,000,000 exists.
The exact
amount of such surplus cannot at:
an

even

Feb.

on

1

from

Other bids:

1946 to 1963

Harriman

Rip¬
Nuveen &

ley & Co., Inc., John
and Harold E. I Wood &

Co.

taxes

The author¬

or power.

ity would

be

authorized

to

bor¬

to

.

mates:

ban

made before the OPA

were

their respective dates;

The bonds

pleasure driving,'
'
J could not be sold at less than par
Abandoning a custom of recent and may be offered to the' Fed¬
years, the Governor recommends eral Government or
any. ( of its
a! full payment of the $6,332,780
agencies,]; to i municipalities \ or ; to
certified for. the State .Teachers'' any
person. ] The bonds would be
Pension and Annuity Fund, He revenue bonds and would be
legal
on

.

.

also propose?

appropriation of $1,- investments for,;fiduciaries. The
266,556 as an installment on last authority, under the bill, would
year's -appropriation, which - was be
self-supporting and the city
funded over five years.
Nearly creating it would not be liable for
$3,000,000 of the teachers' appro¬ its obligations. Income from such
priation v would come H.from : the authorities would be tax exempt.
-

highway fund.ZOn

the .basis :of an

.

Mayors Submit Legislative Pro¬

opinion by

Attorney-General W'ilentz racing gram—Twenty
estimated

revenues

&

1.40%:

Co..

A.

\v

of

recommendations

contained in the 1943 munici¬

are

at

York Authority.

years,,ago

Webster

Dougherty & Co. .<
Minsch, Monell & Co. iy2%
A.
Rippel, Inc.
1V2%

New

100.09
'

r'

Several

Legislature

the

tures of cities

trans-,

-

and

villages.

The report, which

,

is signed by

ferred this item from the general
to the highway fund. It now ap¬

Mayor Vincent R. Corrou, presi¬
dent
of
the
Conference, and
pears it will not be paid off until Mayor Samuel B. Dicker, chair¬
New Jersey (State of)
man
of the advisory committee,
'
1960, so the Governor proposes
Budget
Calls
For
$80,000,000 the money be made available now urges the Legislature to "take no
Outlay—A budget message rec¬ through current revenues.
j action and approve no bills dur¬
ing its 1943 session which will in
ommending expenditures of $80,NEW YORK
_;■.■;• any way hamper .city- and village
000,000 from the State's general
administrations during .this un¬
and highway funds was submit¬
Bellport, N. Y. '.,4'':,!^y
ted to the New Jersey Legislature
Bonds Voted—At an election on precedented period of emergency
and readjustment. No law should
Jan. 18.
Hi ^ V V-' / >;■ Dec. 19 last the voters approved
and

&

Co.

...............

100.31
100.28

iy2% ;/• 100.22..

an

issue of $18,000 park
'■ •• :

purchase

bonds.
;

f

.

due

drop

motor, fuel

Rate.Bid

i.:

and

Oo.

Bond Sale—The $340,000
2%
The proposed budget. contem¬
refunding bonds offered Jan. 18
plates departmental ;• spending • of
—v. 157, p. 122—were awarded to
$71,000,000, compared with $75,a
group
composed of Allison000,000 for "the current period. In
Williams Co., C. S.. Ashmun Co.,
addition, $8,700,000 is set up from
Bigelow, Webb & Co., all of Min¬ last
year's balances to provide
neapolis; Park - Shaughnessy &
$4,380,000 reserve against declin¬
Co., St. Paul, and Piper, Jaffray
ing revenues, to make salary ad¬
& Hopwood of Minneapolis, at a
justments that cost $4,000,000 and
price of 106.15, a basis of about
provide
a
defense
budget
of
1.48%. -.Dated Feb. 1, 1943 and
$335,000.
r
ty

"Since that date, the collections'
incl.
of revenue available for general

highway fund the Gov¬ light, heat

estimates

$16,000,000, or $4,- row through bond issues of other
600,000 less than last year's col¬ obligations issued by it, the rate
lections, and that motor vehicle on which would not exceed 6%,
license receipts will, be; $16,200,- payable
semi-annually and! ma¬
000, of $5,200,000 le^Sv!.The 'esti¬ ture not more than 40 years from

,

represents' a figure obtained after

the

v

Shields

—The

In
ernor

$1,000,000
pal legislative program submitted
at the" Bloomfield Bank & Trust are not included in the budget,
Jan. 11 to the Governor and Leg¬
but are reserved to pay off 1939
Co.,
Bloomfield.
Legality
ap¬
islature by the New York State
V.
proved by Hawkins, Delafield & relief bonds,.
Conference of Mayors and Other
Ip the highway budget for the
Longfellow of New York. City.
Other bids included the follow¬ first time is an $860,000 item as Municipal Officials.Principal em¬
phasis is placed'on legislation re¬
ing: ■; /
;7y.:;p r.yfy yvyv',*\ the' first of five installments to lating to revenues and
expendi¬
Bidder—
Int.
fund, a $4,300,000 note of, the Port
cipal and interest

Julius

Mountain Iron, Minn.

tax

y"; v';:'

revenues.

....

nations

1943

estimating railroad .taxes and the nancially,' It would be empow¬
expected reductions in beverage ered to construct or acquire such
by tax receipts.'
";/; services, and ' furnish therefrom

represented

of the 4%
the district

Monday, January '2S,?

Interest

Legality approved
Wanted—Ralph Valom, M-N.
&
Trauernicht
of
Secretary, will receive Charles

District

!

$30,000

incl.

Tenders

that $15,000,000 of the current es¬
timated
surplusof ' more than

.1 >

CHRONICLE

New

Local

York

Power

posed—A

bill

Y'"'w •'

(State of)
Authorities

introduced

in

Pro¬

the

be

enacted

the

cost

ernment

of
or

which

increase

or -village gov¬
reduce or change ex¬

isting, State: aid
received

now

will

city,

j

-

or

the

from

revenue

State-col¬

(S. Int. No. 55), amends lected, locally shared taxes. We
Chapter 29 of Laws of 1909, by earnestly urge that no new activi¬
ties
or
obligations be imposed
inserting a new article to per¬
and villages, unless
mit the establishment by cities of upon cities
local power authorities to furnish either the revenue to pay the ad¬
electric power service. The local ditional expense is provided by
Governor Edison estimates rev-i authority would consist of three the State or the municipalities are
enues
"conservatively" at: $72,- members and would operate en¬ authorized to procure the revenue
800,000 and to this adds unex¬ tirely separate from the city fi¬
(Continued on page 301)
pended highway funds and other
Senate

*

Co.,
jointly, 104.42; Halsey, Stuart; & transfers and balances to make
Co., Inc. and .Martin, Burns & the total available over
$81,000,-,
Corbett, jointly, 102.666.
:
i ;
.000.
J,r:'r'-1 S;V-.
-j
,

The budget recommended
by.
date, except the end of the
p
MISSISSIPPI
the Governor, is almost. $16,000,fiscal
year,
be- accurately -; deBolivar County (P. O. Cleveland), 000 under departmental requests..
termined. V; .,'v;p
f
;;p <:i;
Miss.
■,
'•••. i
' Requests for appropriations from
"'During the past four years the
any

■

Sales of

;

new

issues of State and

Municipal

bonds during Decem¬

'

funded debt of the State has been

Bonds

Approved

—

Charles

&

Trauernicht of St. Louis have ap¬

the

State

general

fund

re¬

are

duced

$7,760,503 and those from
the highway fund, $8,431,331.
of about $22,000,000 of highway proved as to legality $40,000 1%%
The budget
absorbs
an
esti-;
bonds, dated Dec. 1,
bonds remaining to be retired be- refunding
1942 and part of an authorized mated deficit of $883,244 at the
tween
now
and
Nov.
15, 1944.
close of the current fiscal year
issue of $62,000.
Offsetting this amount, the State
and sets up an estimated free sur¬
V Treasury
holds
in i its sinking ; '
f.
Greenville, Miss.
'
plus of $4,381,948 from highway
-funds nearly an equal amount of
Tax
Decision Appealed —The
funds at the close of the 1943-44
securities on a par value basis.
Arkansas
Corporation
Commis¬ fiscal
period.
yl;;,'y .;■■/'
Accordingly, less than $2,000,000 sion on Jan. 12
appealed to the
In reiterating his proposal for
will be required during the next
Eighth United States Circuit Court a
consolidated budget, Governor
.three years to retire the last of
of Appeals
a
decision by the Edison
set up for the first time
Michigan's bonded indebtedness. United States District
Court, Ark., a tentative balance sheet
Sales
Of Tax-Reverted Lands
showing
that the State of Arkansas cannot
how the fiscal picture would ap-:
Yielded
$28,000,000 — The State tax the
Greenville Bridge which
pear
if a
Land Office Board reported re¬
single budget were
was financed
by an issue of reve¬
adopted. -y
v
cently that sale of tax-reverted
fully

retired

with

the

exception

v

j

bonds.

nue

lands in 36 counties

Arenac-Oceana

south of the

county

line

made

last

has 1195.

This

decision

September—v.

was

156,

p.
;

realized

approximately $28,000,000
since Nov. 1, 1939.

Wayne County (P. O.

Waynes¬

The New Jersey highway fund
now

operates

on

a

calendar year,

while the State fund operates on
a fiscal
period, July 1 to June 30.

"As I put it in my budget rec¬
boro), Miss.
$8,Bonds Approved—An issue of ommendation of last
000,000 of a total of $17,000,000 to
year," the
be
apportioned to local ' taxing $256,000 3% refunding bonds has Governor said, "this is a bad bus¬
been approved as to
units as their share of sales al¬
legality by iness practice and bad public fi¬
Charles
&
Trauernicht
of
St. nance.
It
could
lead
to
ready has been distributed.
In
grave
The board said

addition

to

more

than

from

returns

actual

Louis.

Dated

Nov.

1,

1942.

sales, the board reported, $1,055,-

In

MISSOURI

567 has been collected for rentals
between

the

time

of

reversions

St.

tion

Frances Levee District

and sales.

''

abuses."

the

line

for

with
a

his

recommenda¬

consolidated.

Governor

proposed

budget,
highway

expenditures be budgeted for only
the first six months of
1943, after

(P. O, Caruthersville), Mo.
Bonds Sold—A
30,277 land con¬
syndicate com¬
during the posed of Scherck, Richter & Co., which a new budget for the de¬
period, with $18,069,407 paid on St.
Louis;
Equitable
Securities partment would be drafted for
land sold on the deferred payment Corp.,
Nashville, and W. R. Ste¬ the State's fiscal period. Because
he is required to do so by law,
plan.
Of that amount $7,122,455 phens
Investment
Co.,
Little
was collected on the principal and
Rock, made public offering on however, he made recommenda¬
Jan. 19 of $660,000 3*4% refund¬ tions for 12-month expenditures
$1,062,860 as interest.
The board also reported a trans¬ ing bonds at
prices to yield from under the two fiscal periods.
fer to 25,428 parcels of property 1.50% to
General fund anticipated rev¬
2.85%, according to ma¬
with a total assessed value of turity. The issue was
immediately enues are about $5,000,000 less
oversubscribed, according to the than they were when Governor
$6,976,365 deeded to cities, school
banking group.
The bonds are Edison prepared his budget a year
districts, towns and counties for dated Nov.
The board said

tracts

were

written

1,

public use'.




May

1,

as

1942

follows:

and

mature

$40,000 from

ago.

for

The decreases

are

accounted

by the past practice of

over¬

ber amounted to only $18,393,308, marking the second successive
pe¬
riod in which the output was below $20,000,000.
Awards in November

aggregated no more than $17,016,303.
ically illustrate the impact of war

These figures, of course, graph¬
conditions

on

State

and

local

financing, the effect of which has been increasingly evident in the
diminishing output for many months. As was the case in Novem¬
ber, the bulk of the recent month's restricted activity was centered in
the placement of a handful of issues of general market interest.
The
largest of these was the $3,140,000 Richmond, Va., issue, which proved
to be a signal success.
The others consisted of $2,800,000 Minneapolis,
Minn., $2,600,000 Rochester, N. Y., and $1,020,000 Kenosha County,
Wis.

r

.7

7-'./V'''. .'•/
0:;
;"'v: >::
conditions on long-term financ¬
ing by the States and their subdivisions is particularly evident in a
comparison of the output for the recent year with the disposals
effected throughout 1941." The figures for 1942 disclose that the bor¬
rowings were almost $450,000,000 less than in the earlier year, the
totals for the two periods being $523,704,607 and
$952,615,173, respect¬
ively.
As a matter of fact, last year's aggregate was the smallest,
with but one exception, for any previous year since 1918.
The excep¬
tion noted was for 1933, when municipal credit
generally, due. to
widespread defaults and depression conditions, was at its lowest ebb,
and the year's sales reached no more than $520,478,023.
The restrictive influence of

war

The decline in sales for 1942 takes

on

added

significance in light

of the fact that the disposals during the previous eight years averaged
in excess of one billion annually.
The sharp reduction in output, it

should be

emphasized, is directly traceable to restrictions imposed
borrowings by virtue of war conditions. The States and their
local subdivisions were obliged to defer capital expenditures due to
the inability to obtain the necessary materials, coupled with the

on new

diminishing supply of labor.
In some instances, the taxing units
disposed of bond issues only to discover that they were unable to
proceed wjth projected improvements because of priorities.
The net result, as already noted, was a sharp curtailment in the
incurrence

of

new

indebtedness.

In

this

connection, it should be

noted that of the aggregate borrowings of

$523,704,607 during 1942,
$181,264,294 was for refunding purposes, the amount of strictly new
debt created being no more than $342,440,313.
W^en allowance is
made for the large amount of old indebtedness normally retired in
each year, it is evident that an extremely large reduction was made
in the outstanding indebtedness of States and local governments
during 1942.
In

a

ment of

report issued Dec. 28 last, the Bureau of the Census, Depart¬
Commerce, stated that such indebtedness had declined $540.-

000,000, or 2.7%, in the fiscal year ended June 30, 1942.
The total
outstanding on that date was estimated at $19,643,000,000.
The
calculated that the reduction in the previous fiscal year

Bureau

.Volume

THE COMMERCIAL t&

157rNu?nber ;4145

tha^ the combined re¬
demption effected in the two iiscal1 year$ constituted a substantial
cancellation of the accumulative increase of $663,000,000 in State and
local debt created between, 1932 and 1940.
.
T"' " v
In connection with

tabulations

our

tion or other Federal

sidered

agencies.

Page

Items of this character are not con¬

phr tabulations!;unless and .until thpy are (subsequently
liquidated by such holders. Sales of that nature, of ^ourSe,'have been
relatively small in volume during recent, years as the continuing
demand of investors for municipal instruments has made it possible
for borrowers to dispose of their offerings in the private market at

'■]"

^ '*!"
;
Also.,, our totals do not for the most part embrace such operations
representing the direct exchange of new bonds for. outstanding securi¬
ties which

not scheduled to

are

/ '■

,

Amherst

'

f

mature until later years.

An out¬

the'current offer of exchange,
banking
group headed by DrPxel & Co., Philadelphia, and Lehman Bros., New
York, jointly. Under the plan, which was made effective on Nov. 16,
1942, holders of $140,582,000 of outstanding arid unmatured obliga¬
being made on behalf of the City of Philadelphia, .Pa., by a

tions of the city are being asked to exchange

District,
122

Bay

2180

Bee

,.'l

of the exchange syndicate, incidentally, an¬
nounced. Jan. 4, 1943, that exchanges to that date aggregated $25,167,900.
A similar .program was undertaken, by the city in 1941 and this

The

•<

managers

likewise excluded from our bond' sales total for that
;.*. .*',;•
u ~J'
'
y.
?
Continuing with, our, report for December, we find that short-?
term; borrowing operations by public bodies in that period aggregated
$46,445,245*,; of which $25,000,000 was accounted for by the City of
New. York.
Interest cost on interim credit throughout 1942 was

operation

/;*,

•

.

higher than the levels which prevailed in the previous year in line
with the increase in money market rates.
•
In the Canadian municipal field, only a handful of issues reached
the market

This

during December.

was

bringing to a total of $3,600,000,000 the amount obtained from war
operations by the government since the start of the war.

loan

issue to

local

a

,barik.

'
'
*
.
, . .
comparison of all various forms of obliga^
lions sold in December during the last five years:
Below

a

1942

1939

1940

.1941

3

3

2

None

None

Bonds of

U.

S?_

S.

.

Possessions-'

156,524,784. 233,320,322 .628,315,023 217,546,929 281,889,713.

Total

;

in

temporary securities issued by New York City, in. December: $25,000,000
1942; $30,000,000 in 1941; $45,000,000 in 1940; $35,000,000 in 1939 and $28,100,000

in

1938.

"Includes

'

v

*■

:

.

.

December, 1942, were .99 and 107,
respectively,; This contrasts with 68-78 for./ November, 1942,? and
with 265-343 for December,* 1941. •
r
•
■ •.:*«>,
;
The--following .-.table shows the aggregate of State and municipal
permanent issues for December as well as the 12 months for a series
of years.
The 1941 figures are subject to revision by-later advices:
of

issues made during

separate

•

12 Months

December

$18,393*308

1942_'.._—-_v_

i94i,—

202,531,474

952,615,173
'

90,115,445

1939.________
1938

$1,414,784,537

111,025,235
144,878,224

1926—

1,125,901,000

1925.

1,099,757,500

1924____

157,987,647

1923_________

1937—-:,-

85,222,370

902,307,162

,1936—

96,994,934

1,117,351,518

1922—

1,220,150,097

■1921—

1935-L—

133,567,228-

1934—^-

121,702,118 '

1933____-._i._K.

45,217,320

,1932__—4__

1931—r:_

93,682,986

u

1,365,057.464
-

1,398,953,158

1,063,119,823

66,049,400

No.

i

1,208,548,274

939,463,933

1920

55,476,631

683,168,255

520,478,023

1919___

62,082,923

691,518,914

117,952,271

849,480,079

1918

22,953,088

45,760,233

1,256,254,933

1917_______rr;

32,559,197

451,278,762

186,773,236

1,487,313,248

1916

35,779,384

rl52,000

County,

<

121

Pleasant,

Lawrence

2

County,

District,
Lee

2267

Leola,

S.

2266

Lewis

&

121

1975

2084

Logan,

2180

Lorain,

1,430,650,900

100.31

1.70

100

100

rl3,000

4

2086

1944-1953

8,000

1944-1970

800,000

100

2.78

If

1945-1951

r98,000

100.48

1.42

South

County;
W.

trict,
2082

1944-1953

Schoo}

District,

-»

1948-1952

Minneapolis,
Minneapolis,1

124

Monmouth,

:•

■'

•
*1

:

.*

A

r

1944-1953

New

2084

Rochelle,

1

-

Okemah,

139,000

School

Pawnee

Pelham

Manor,

Perkins

County,

Phoenix,

Ariz.

1

N.

Y.

Port. Jervis,

2180

Radford,

2180

Richmond,

1996

N.

2.19

101.38

1.31

100.257'

1.20

100.049

1.08

Rochester,

2178

St,
St,

Louis

Park;

2083

-St.

'Louis:

Park,

2178

St.

Louis

Park,

—^2

.

2084

Salem,

2084

Ore.

2178

Scott

'.

.

Supervisors,

County
2,

No.

Miss.

:

2082

Shawnee

County,

2267

Silverton,

Ore.*

1996;

Southold,

2

Spring

knowing

rl42,000

100

1*339,000

100

*

___

1929—__

Note—1942

1941

and

City of Philadelphia.

do

totals

not

1.68

99.539 '

1.473

other

1.93

to

100.089

1.74

100.037

41,000

3.496

s

9,000

*,100.14

?

•

1,837

100.51
>

r46,000
_

1958

2085

exchange

bond

offered

programs

by

100

100

aggregate does not include private
connection with .acquis^

2266

Vermilion

Parish,

2

Vermilion

Parish

placement of $309,664,300 New. York City corporate stock in
tion

of

'

transit systems.

private

r65,000

30,000

100.07.

30,000

100.13

r34,000

101.17

100

:

of State and municipal bonds in each of the

1942 and 1941, is shown in the following table:

years

1

March

_

a

2.39

Waller

Waltiiam,

2265

Washington, Iowa

—18,393,308
./
s—

61,257,542

2179

Washington

Total ___:.-_-$523,704,607
Average per

$952,615,173

43,642,050

—•

47,195,810

August

,■

45,173,603

The total of all municipal loans

/.>

,

month*—

ast five years:

S.)

1939

1940'
'

1938

$7

952,615,173 1.233.706,974 1,125,901,000 1,099,757,500

523,704.607

1,130,138,301 1,424,106,245

1,495,510,061 1,181,237,632 1,210,295,692
.

Placed

in
in

U

880,685.488 1,059,984,636
None
None
1,500,000
5,325,000

Canada t-2,183,370,644

Placed

Total

None
500,000

S.__

Poss'5..

•

?

505,538.386
67,500,000
1,950,000

395,746,770
40,000,000
7,861,000

3,837,713,552 3,258,906.906 3,794,526.671 2,882,127,018 2,753,660,962

$202,000,000
in 1942* $237,500,000 in 1941; $294,600,000 in
1940; $302,650,000 in 1939 and $367,■» 00 000
in 1938.
-(Includes approximately * $1,834,000,000 Dominion of- Canada Victory
"Includes

West

85,000

West

Orange,

2178 : "'Whitley

2082"

100.114

bond

sales

covering

107

and

December

for

temporarv

securities

,Loa\) syles;{lprin?(tthejear.4,.




^

issued by New York Citv as fol'ows:

,,

,

:0.99
,

___

?"

''

1953-1963

(99

100

5.00

100.915

1.83

101.31

rl09,000'

1944-1954

-

27,304 "

13(000

1944-1956

-r75,000

* *

'

municipalities —:

2.15

103

3.02

100.068

44,750
r-—

___

including, $46,444,245

temnorarv

loans

CANADIAN MUNICIPAL

BONDS

ISSUED

IN

was

Canada

(Dominion

of) ?

2268

Canada

(Dominion

Charlottetown,

2180

Forest

Rate

Maturity.

of)

2086

Hills,

P.

E.

'

—

_4

Ottawa,

2180

Peterborough,

Ont.

2180

Port

Ont,___

1962

funds

or

r

obtained

bv

Refunding bonds.

Quebec

of)

_____3-3y2

2086

(Province

District,

December

4
municipal

,

-

,

not included
,

C.

9

Des¬

that

issues

he

based

more

than

incomes.

10%

130,342

101.03

Persons

decreases

or

in their
on

incomes.

1943

mated

earn¬

their esti¬

Should

the

income be less than reported, the

would

the

receiv.e

1944 return

York

New

101.77

"125,289

102.11

come

1944-1970

50,000

during
$1,686,231

total financing.
4

1942

on

anticipating increases

3.78

2 44

is

credit

a

filed.

(State of)

Signs

Quarterly

*

Bill—Governor

In¬

Dewey

signed the bills on Jan. 21 pro¬
viding for quarterly payment of
State

and

"changing

income

tax

this

year

the start of the
State's fiscal year from July 1 to

4.01

April 1, also effective this year.
Payment dates on 1942 income
taxes will be April 15, July 15,
Oct.

1

"I

99.80

Tax

the

1,200,000

in month's

bill in the leg¬

103.07

1943-1962

sold

a

giving the State a Ruml
"pay-as-you-go" tax plan. Under
bill, taxes would be

Governor
101.75

45,000

1943-1956

—_

,

^■Temporary * loan;

Jan.

Basis

School

Que.

Canadian

Price

35,600

_*_3

Protestant

Richmond

Total

2 '/a-3

Arthur,

Thomas

announced

taxpayer

DECEMBER
Amount

100,000

3 '/a

2268

Ont.

other

: 1

Desmond's

$45,000,000

,_31/a

Ont.

1

ings would be taxed

*45,000,000
I.___^

offset

introducing

when
'

way

no

islature

of

,.

,

k$18,393,308

issues)

Name

em¬

revenue1 from

in

duced—Senator
mond

1.98

100.16

municipalities from agencies of the Federal Government,

Page

...

,.

100.03

>

1*10,000

Kan._'____l-iy4

separate

k Not

d Optional,

......

States

1952

2'A

Coiinty,

increase 'in

.

____2

J.

as

Pay-As-You-Go Tax Bill Intro¬

20,000;
8,652

1943-1952

N.

run

expansion of de+

but it will in
loss

sources.

rll,500
,

r--——

-

County,-Ky;::__L__^—3 Va

Wyandotte

Total

Dist,,;

Ohio__

$25,000

the rev^

has;

source

consequent

year

10,000:

1943-T953

Iowa

Alexandria,

to

years

ployees at good wages, the budget
makers expect the revenue from
the income tax will be higher this

50,000

1943-1947

2268

(permanent) —-

S,

Waterloo,

"

lanadian loans

Sonds.U.

1.48

>20,000

1946-1963-..

____12

2086

1941

1942
'

loans (U.S.)

121

123

put out during the calendar year

Public School

is

$27,000,000.

Because of the

the

—_________4J/2

Carolina

124

$3,-837,713,552, including,$523,704,607 of new issues of :lo'ng-;
erm bonds by the States, counties and minor civil divisions'of the
Jnited States, $1,130,138,301 temporary municipal loans negotiated,
>2,183,370,644 obligations of -Canada, its Provinces and municipalities
not including $838,000,000 Dominion temporary issues),-arid $500,000
)onds of United States Possessions. In the following table we furnish
i comparison of all these forms of securities put out in each of the

'

'

as

This

.

_____'__1

Mass.

of incomes

In normal

from this

enue

the
100.169

1*350.000

J.

1946-1963

Texas_^__-______23/4

County,

North

.942 was

til.

,5

79,384,590

69,817,163

,

June

loans

;

__3V4-3

La.

2178

59,702,347 100,974,538 December

Temn.

tricts,

2268

1942

"

30,798,098 110,525,625
32,394,124
85,091,518
47,317,829
55,607,629

>prm

;/

1941

1941

May

»

1954-1956

\

>

Dis-

*

collections.

federal taxes and the.

fense industries in the State with

1946-1963

Dis-

year.

high
1.33

1*178,000

:

i?___2y2-23/4

Parish- Drainage

64,652,526

•

April

July

Vermilion

$51,351,171

-J942

February

:

2

$119,523,451 $63,645,197 September: ____ $23,195,332
41,202,781 ■ 64,870,100 October _______ -38,075,880
. 48.889,344
179,648,561 *■ November j
—
17,016,303

*•-"

January

-

1944-1954

1.''
La

Another big loss in revenue for

restrictions

r5,000

Jri.cts, La,-,__L_____—

M...

The monthly output

h

1 '/a

County-

Drainage

that such action will be
question.
<
" *r

due to high

1943-1957.

Minn.-U/a

County,;? N,!

Suffolk
Todd

of the

the State may come in future in-

5,700
1944-1948

Stephen F. Austin State
Teachers
College, Tex.__— 4-33A

2178

out

heritance-tax

Dist.
—-4

addition

garding the income tax, but now

1~352

100

r82,000

rl2,000

1961-1964

in

reductions

changes which he recom¬
mended in his annual message re¬
.

it appears

2.6,9

7,000
1944-1953

of the
provide

1.43

.100.816,

,

to

1.92

5,800

V

v.

;

the

that

part

use

surplus

tax

the

talk

been

might

governor

$80,000,000

100.84

80,000
r85,000

,

1522

*100.229

1*2,600,000
1

a

had

There

100.175

r64,000

3,140,000

Minn.-—1.60

2267

include

years.. The, 1940

Pa., in those

296,525,458

whether the State
surplus or deficit at

now

v

130.000

-

i

1944-1954'

Y._^——2.40

N.

Grove,

of

year

increasing-revenues and decreas¬
ing expenditures* for relief and
other purposes.
The picture has
completely
changed
in
recent
weeks so that there is no way of

the end of the next fiscal year.

___—2%

: Steele & Dodge Counties,

2083

indications last

on

.

was

will have

1943-1945

(

Kansas—

_■*—__

based

.

surplus

$80,000,000

1.68

1943-1962

,

County, Tex.—3 >/2

Patricio

San

The

2.16

1963

C.__—21/2*23A.;,

.Sampson. County, N.

millions

pays

100.16

1943-1972

__1___2 ,
_^_J—i'A-l'A

now

100.40

1950-1953-

"Minn.i_i__?l,i.__l!/2
Minn._^___^^__3

which,,

rl5,000

1944-1963

'

Mo._____l3/4

Minn.-

.

126,237

1945-1971

2083

.

,

.

50,000

.

1950-1956

i-l'/a

Parish,; La.______l__31/2

Landry

'

1944-1963

Y;_-_ij__i_i.___fc__£l,/2
^
2

N.

120,000

1952-1953

N, .Y;_J_v^_—1.70

123,. Royalton.v N.. Y,_.__
St. Joseph Sch. Dist.,

30,000

.

4,500

Val:;

2178

cars

1947-1961,

3-2

Va.'

to

sum¬

1944-1959

Dakota____3

So.
—

1.354

100.15

'•

.

__l2.20

Y.

1.354

rl8,000

1944-1955

1945-1951

Okla.^1. l*'
__1,70

District,

Peekskill,

100.2369
*100.2369
100.27

1943-1946 '

,

V

2179

2267

1.10

Okla.

1996

able

next

consequently do not pay any
/; "
tax the State stands to lose pt.

iness

1.236

rd36,000

1943-1952

——IV4

Y.__

N.

2.84

100.048

500,000

.1944^1951

*

3

be

into the treasury, every year?

r2,300,000
'

1944-1953

s

Pa.?

.1.93

"95,02

r26,500

Ore.

Townshto,

people

automobiles

they do not license their

8,000
1943-1949

-_'l*—l*.

Muncie,
Neville

100.47.

,

•; 1*232,000

;

Ore*xl2lA
Ind. *
,
—IV2

Moro,

the

Will

gas

15,000

•

1959
•

—l'A
Minn.
1.40
MinnJ'__l__^—iil.40 \

Ore.

122

328,000

1'_2 V4

Md.

Medford,

to

3. What fate is in store for bus¬

_2.

Heights

180,000

1945-1974

forced

least $60,000,000.

Dis¬

County,. Fla".l'__'__—u__2t/2 .'

Maryland

121

School

Ohio

Marion

122

1,752

Dak.___l!14
;3 %

Va._—

Rural

Macedonial

will they be

by about $8,000,000?

and

__i.

McMechen.

'

124

are:•

tracks operate next

because, of gasoline shortage?

—I'/a
________3

the budget
problems
must take

the

of

governor

race

or

3.82

McCook

3

the

un¬

so

mer

101.92

_3-1/2-2%

_______

been;

their

Wash.

i-jk

Three

for

revenues

close down and thus reduce reve¬

Ohio
Lowellville, Ohio

Ohio

,

to

use

"

1930_j-_.

which

2.

__4

the

(into consideration

nue

r8,412
1944-1964

face

come

according to

certain,

School

Mont.___—2%

25,

Ga..

Longview,

2179

County

.

No.

Lexington,

1944-1951

__3

Clark

1593

have

1. Will

30,000
rdl9,000
r40,000

*•-

has

fiscal year

makers.

year

Dak

District

100.029

State
next

6,000

1945-1954

County,.. Ky.,

He

ing the budget for the next fiscal
year which must be submitted to
the lawmakers by Feb, 1.
■
'
;
Never before in the history of

30,000

_______^______^l3/4 -

Ind.

rl,020,000

1.887
1.78

j,

Control

Flood

Lawrenceburg

121

142,500

1944-1951

Ky.__i____—4

•

2.49

101.016

100.153

1943-1946

Y.________j_ /

in recent months in State

the
2.71

100.22

205,000

1943-1957

1.80
_1.60

Wisc.^

N.

decline

the

,100.389

425,000

.

.

2.05

100.50

20,000

2

N.

457,140,955

290,827,938

1~41
1.84

' 100.341

.23,000

1943-1967

may

face with this situation in prepar¬

:

v.

prospect 1>hat

$80,000,000
surplus
be wiped out by the sharp

revenues.

100.19 •!

5,900

1943-1958

Lake

the

over

State's

2.50

166.468

:

216,000

1965-1967

Kenosha

Im¬

Dewey

2.28

1

District,

Revenues

100

41,000

1943-1952

N.

Kearny,

124

In

their

100.107

r100,000

1943-1960

2266

-

T582

'

2178

.

3.276

100.098

1*24,000

Iredell County, N.:
Irvington, N. J._

2084

2083

;

the

55,000 '

Y.__i_l___:^____-__2.10 ;
Henrico County,-Sanitary Sewer '/;,..;
District No. 2, Va—
1V4
Hudson County, N.
_-23/4

2083

Drop

increase

Surplus—Governor

is disturbed
100.21

8,000
!

1948-1950

Hempstead

No;

Sharp
perils

f

r385,000

,

School

of, this limit

excess

ditures will - only
predicament," '.

1*70,000

Neb.

Free

5,

in

are

1.41

100.146

74,000

1

and

Union
*

be subject to, a 2%, con¬

equal it.
Any additional mandated expen¬

r3 0,000 '

1949-1956

—2.30

Y

im¬

and those of many more

2,500

Mont.__—2Vu

Hempstead'

N.

„

Springs,

is

,

1

'

15,

D.

This

L366

'100

1958

1 M».

1,100,717,313

220,466,6614

S.

than the

source

estate.

all cities and villages

as

soon

State

100

r4,000

____1.90

1,399,637,992

113,645,909

_.

Co.

real

stitutional tax limit, The present
tax levies of several cities of the

!i 100.709

147,679

1945-1952

Y.

1,509,582,929

1927__^_J

1,233,706,974

141,269,610

12 Months

$149,428,822

1928-____

1944-1948

other

some
on

will

V,

108.75

'95,000

:

tax

perative

1*16,000
1944-1953

1943-1957

N. ;Y.

2180

1.99

5,000

1' 100,000

1952

2178, St; Martin,; Minn.—

For the

•.

December

-

$523,704,607

v

61,257,542 *

i940

Month of

For the

Month of

r

10,000

,

N;

123

numbeCof municipalities emitting bonds and the number

The

,

J.—
Ohio

Hempstead,

*,-

.•

-10^

990,000 1

33/i-4
_3.30

Hempstead,

124
''

47,900

'

1945-1959

Housing Auth.,' Md._2-iy2

122

2,625,000

-100,

(Continued from page 300)
from

?

1996

2179'

•

??___'

;

2266

None

None

in U.

,r4,000

195.7

Harrison,

None

None

Placed

100.04

1944-I96i;

3

Hay

—
,

2

Ill._

2083

None

253,740.984

i

Glacier

None

75,000,000

353,423

in

r32,885

,

~

2266

None

90,000,000

1,686,231

(perm.)

Canada—

Placed

Moline,

Frederick

1997

90,000,000

Canadian loans

97,042,565

117.596

5,500

Frazeysburg,

2178

2267

81,709,357

-

4

College,, Tex. —

22,790,280

46,445,245

141,000

rl2,500

2083.' Fair view,, N.

14,257.826

■STemp. mynic.. loans (U. S.)
Canadian loans- (temp.)___

„

^__3-3'/g;

2085?, East Texas State Teachers.

90,L15,445,.141,269,610
63,173,658
65,204,823
50,000,000
50,000,000

61,257,542 202,531,474

(U.

I_

East

1
'

S

$

$.

.18,393,308

loans

3.61

1943-1951

2083,

20831

2084

''

'

S.)

jnunic.

Perm,

1938

1.945

101.25

1951-1953

Ohio——

Ohio

J

:

furnish

we

100.30

20,000

1944-1951

2082

122

2267

'I.;-'" No United States Possession financing

was negotiated in Decem¬
ber and for the entire year the only sale occurred in September, when
the'City and County of Honolulu, Hawaii,, sold a $500,000 refunding

1-14,000

Center

generally true for each of the

previous months of 1942. practically all of the financing done in that
period having constituted the placement of several Victory loans by
the Dominion government.
Final figures on the autumn offering,
recently made public, showed, that sales aggregated $991,536,000,

•

Carroll

2082

City
Department

1.205

1943-1962

111.
:
3'/2
County, Miss._^—
3 V2
Township Road Dist., Pa.
Chelsea, ."Mass.
—i
V/2
Choctaw County, Miss
;___3V2
Columbus City Sch. Dist., Ohio_2
Cortlandt, N. Y.-__
Vk
Coulterville Public S. D.( 111.
4'A
Crystal, North Dakota
_3
Deepwater, Mo.
-3V4

-

$600,000

Carlinville,

2

2267

100.444

State and

Basis

■

t

Ind.—_.2

__r

Green,

was.

year.

Tex.

Price
'

1948

2

___33/4
5V2
_l__2

City,

School

*

Amount

School

Tex.

Bowling

1

N. Y

Cons.

Bucyrus,

124

School

13,

Mich.___L

County,

Bowie,

2084

__1 V<\
*f- '

Texas

City,

Bicknell

2085

them for new refund¬

The plan applies to an aggregate of $162,296,000 bonds
and the .smaller, amount represents the eligible bonds held by the
ing securities!

No.

Bascom-Murph.

Maturity
1944-1963

Rate

,

Cofnmon

District

2085

standing instance of this character is

public.

Name
Allentown, Pa.

municipal bond sales for

on

in

extremely low cost.

.

2179

(

1942 and previous years, it is desirable to point out that our figures
do not include issues taken by the Reconstruction Finance Corpora¬

301

,,
In thq, following we list the domestic bond issues marketed in,
December, 1942:
^
.'*,' 1

amounted to only $42,000,000, and observed,

..

FINANCIAL CHRONICLE

15

and

Jan.

15.

THE COMMERCIAL & FINANCIAL CHRONICLE

302

1955, and $29,000 l%s, maturing

Rochester, N. Y»
Sale—The

$400,000 pave¬
reconstruction notes offered

Note

ment

15—v.

Jan.

awarded

157,

The

of

Bank

the

to

212—were

p.

York, at
premium of
$5. Dated Jan. 20, 1943 and due
May 20, 1943. Other bids: Chem¬
ical Bank & Trust Co., New York,
Manhattan-

New

Co.,

0.40% interest, plus a

Central

and

Trust

&

Bank

Hanover

0.43%, plus $7; First
plus $3; First

Co.,

Boston Corp., 0.44%,
National
Bank
of

York,

New

1145%.

:

as

acquisition

C.

could be. financed on very

All of the bonds

able terms.

1943.

Comptroller,

City

will

re¬

dated Feb. 1,

Second

North
Bill
ital

Carolina

Would

Reserve

Local

and

Legislature, Jan. 14, by

Tom

O'Berry of Wayne.

defines

the

sured .the

for

sources

(SWT)

bids

2

setting up the reserve funds as:

M.

P.

Interest

Denomina¬
$5,000 Feb. 1,

Dated Feb. 1, 1943.
tion

$1,000.

1944 to
be in

of

1%

all

of

Due

Rate of interest to

1953.

multiples of Va or one-tenth
and must be the same for
the bonds.
Principal and

payable
at
the
City
Comptroller's office, with New
York exchange.
Valid and legally
binding general obligations of the
City, all the taxable real property
interest

v^ithin which will be subject to
levy of ad valorem taxes to

the

interest
thereon, without limitation as to
the

pay

rate

The

amount.

or

and

bonds

bonds

are

issued

pursuant to the General
Municipal Law and the approval
of the State Comptroller for the
purpose of refunding a like prin¬
cipal
amount
of
outstanding
bonds.
The City has a special

of

collected

of loss

by i-eason

municipal property,

,

-

The bill provides that the capi¬
tal reserve funds may be used for

...

~

.

Village

Council

passed

,

.

.

,.

$5,462 street improvement1 bonds.
• '
'
Providence, R. /.
Due serially- on Dec* 15 from 1,94/4 :7
House Approves Funding Bill—
to-1952 incl.,* 7. y ■'
.«*7
, A
"bill" authorizing; the city to 'is¬
sue bonds'to fund debts incurred
..:
Oklahoma ; >v;^7'-'
prior to: May 1,: 1942, without ap¬
■C
7
'' "
"r " ' A'
"7
* Okmulgee,' Okla. •
}
proval of the voters, was passed
«
Proposed Bond Issue—The City by the House on Jan. 14. Repre¬
„

'

7

Bond Sale—The $228,000 Coupon
refunding bonds offered Jan. 19—
.vate holders from bonds of the v. 15?, p. 212—were awarded to
Stuart. & Co., Inc., and
same type and character shall be1 Halsey,
taxable by the terms of any Fed¬ Hamilton & Co.,. Chester, jointly,
eral income tax law, the success¬ as 2s, at a price of 100.729, a basis

*

.

Commissioners met

on"

Jan. 18 to

sentative

■"

";*•

Troy, N. Y.

Offering—Edward J. Ro-j

Cit$ Comptroller, will

nan,

ceive

until

sealed bids

(EWT)
chase

on

of

Jan.

26

$400,000

11

re-;

A.

M.

for the pur¬

& Co. and the First of Mich¬

t"

igan Corp., jointly. Third bid of
100.259 for $30,000 2 V4S, $45,000
2V2S and $153,000.2s, a net cost Of
2.1117%, was made by the Chase
National Bank1 of New York arid
.

,

A certified check for 2%

acter shall be taxable by the terms
of any

the

Federal Income Tax Law:

successful bidder may,

at his
election, be relieved of his obliga¬
tion

under

the

contract

to

chase the bonds and in such
the

pur¬
case

deposit accompanying his bid

cate

of municipal utilities.
Legislation requesting Director
.

Crown

to

make

a

report on the
possible purchase of the C. E. I.
has been formally introduced by

1.244Dated

Dec. 15
Among
following/ all
rate of I % %:
to

on

1962'inch

other bids were the

naming a

•

Bidder—
First

•

.

' .Rate Bid.

■

.

National

Bank, Chicago, Martin,
Burns •& 'Corbctt,. and
Third ,National
Bank,
Nashville,;
102.33
R: S. Dickson & Co., First ©f Michi7
g«m
Corp., 1 Hornblower &
Weeks,
and Stern Bros.
Co.
..101.51^
.

.

.

.

Halsey., Stir.rt & Co.. Ble.ir. St, Co.,.
Inc./ and Nashville Securities Corp.
Trust Si
Savings
Bank, Chi-.
cago, and J, C. Bradford & Co.
hazard Frerea & Co.,"C. F. Cllilds'S:
Co., and Thomas ,H. Temple Co.
Shields
Si
Co,, Coffin m& Burx,
ftnd
Harris

101.512"
?
101.487
: A
101.42

-

...

& Co.
Chemical Bank <Ss Trust Co.,

.

.•'101.307

Nichols

and

-

New York,
Glore, Forgan & Co.
Ripley & Co.', Inc..
Bear,
& Co., Illinois Co., Chicago,
Cumberland
Securities
Corp.,

181.30

Haniman
Stearns
and

Nashvllk

■

;

/<

v.,,

101.119

Tennessee

James

H:

(Statt of)

Local Units Propose Bond Issues
—Bills

recently introduced in the

State

Legislature provide for the
following local bond; issues; Cof¬
fee, County,
$50,000;
Jefferson
County, $110,000; Sullivan County,
$50,000; Newbern, $17,000:
/ '
.

D

To

Redeem

ing

u r

$23,500,000

t

Bonds'

1943- 1944 -—Governor

Urges No New Issues Or Refund¬

ing^—The

State- will

be

able

to

of pay

Kieran

introduced ins the legislature

years and should adhere-to a pol¬

'

*

icy of not issuing
or

any new bonds1
old issues, it was
Governor Prentice
which referendums are unneces- Cooper in his address at the open¬
sary, -, adding
that the ; pending ing sessiori-of the State legisla¬
measure is simply an: addition to ture on Jan. 5.
The State's total

rHe explained that the

•

the>- list.

/'.

.•

.7

r Debt Reduction Continued—Net

debt on Jan. 5 last was $107,012,608, having been cut $19,261,-

•

totals ,326 from the aggregate of $126,$41,250,994.77," exclusive of the 273,934, including county highway
self-sustaining * water debt, ac¬ obligations assumed by the State;
cording to the; annual report of which obtained on Jan. 16, 1939,
debt

bonded

Erie, Pa,;

fund¬

of

the

city

of Commissioners of On. Jan.
16, - 1941; the d e b t
Funds, as made .public amounted to7 $110,041,956. : Pre-/
p.
2267—were awarded, rtq ^the
Jan. 14.. 7V r,■ ;7; 7'"
dieting a- decline in the State's
Union Trust Co. of Pittsburgh^as,
V:r This compares with a net
f of revenue of $10,000,000 a year, due
lias, at a price of 1.01.35,r a; basis
$4l;458,860 ^epofted- by the Coto- to gasoline and other war meas¬
of about 1.33%., Dated Feb7 If
.missioriers ^ at the close, of the ures, the Governor urged that the
1943 and due $25,000 oh-.Feb7df
1941-42 fiscal year last Sept. 30, legislature
continue to exercise
from 1944 to 1959 iiici.
Among
and with $45,166,291 at the end of the most rigid economy and re¬
pther bids, also- for 1 %s, .were .the.
the 1940-41 period. •
frain from all additional increases
7
following:,
'7'-.;: ^7.7 r'J?
-The:total bonded debt is placed' in appropriations, other than an
/
,.''7'.RateBid,
af $69,892,000 in the 69th annual increase- of $1,000,000 a* year for
B'flir & Co., Inc., a. .Webster Dough-:;
terty "ft -Co.
and
Singer,' ;-Debited ft* :■ > ■■
Commissioners. the social security program arid
Sci-ibnerhifli.250.; report: of ; the
Flom' tliis amount are "subtracted increases of $1,600,000 for public
Charles- Clarfc
Co.
and
Rambo",^-:*■
Keen, Close- <8e Keroei;.. w/. :.v..7. ^••104v.e«9: $17,832,21516 in sinking funds and school expenditures.
Exercise of
Fiwt Boston. Gorpi- and A.- E. Jdrttten;,'
■'*
Co, ................;.,ioo.8i9
$10,808,790.07 in sinking funds for rigid economy in State operations
Butciier &• Sherrerd,-. Eastman.* Dillon,
Si
the water debt, thus leaving- $41y- "over the past four years,"- the
Co.
Si Schmidt,
P»ele A Co..V 100.799
Smith, Barney & Co. and Newbuvg->t,<&
^ 250,994:77 as' the net bonded debt Governor rioted, resulted in a sur¬
.Rano
7.../.:..
.:.. /. 7;.,v ipo.799-.
exclusive of the water debt.
plus in the sinking fund of $18,North Franklin Township-■School ^ The
sinking funds this year are 000,000 "and a prospective accum¬
District (P. O.-Washington,- < well /below' those of a; year - ago ulated
surplus In the general fund
the

Board

Stoking

/

,

■'

.

■

f

of

nating Co. is about to be started
the bonds, payable to order of the by the public ownership' bloc in
city, is required.
Legality ap¬ the City Council,, according.to
proved by Hawkins, Delafield & press reports Jan. 6, which pointed
Longfellow of New York City. In out that the bloc has been encour¬
It he event that prior to the deliv¬ aged by the appointment ot Emil
Crown as director of the city util¬
ery of the bonds the income re¬
ceived by private holders from ities department.
Mr. Crown was
bonds of the same type and char¬ reported as being a strong advo¬

1943

.

Renew; Proposal for Purchase
single rate of interest, expressed'
in a multiple of Va or l/10th of of Cleveland Electric: Properties—
1%.
Principal and interest pay¬ A new campaign for the purchase;
able at the City Treasurer's of¬ of The Cleveland Electric Illumi¬
fice.

from

refunding
present law. lists several cases, in state d by

ing bonds offered Jan; ,I5r-^v. 156,

.

a

J

"

Bond Sale—The. $400,000

.

to exceed
.5% interest coupon or registered;
the Wachovia Bank5 & Trust Co.,
.refunding bonds of 1943,
Dated
Winston-Salem,, in joint, account.
Feb, 1, 1943.
Interest F-A. Due'
Feb. 1, as follows:
$60,000 from
7;
OHIO
1947 to 1949 incl. and $55,000 from
Cleveland, Ohio
1950 to 1953 incl.
Bidder to name

not

about

15, 1942 and due

Roberts.

/-PENNSYLVANIA7r: ;;7

1.973%, was made by R. S. Dick¬
son:

basis of

a

Dec,

at-the behest of Mayor Dennis A.

•

•<

Bond

Ducournau, both of New Or¬
leans, as P/48, at a price of 100.057/,

Providence - said that the measure

"

/

Hibernia National Bank and Jac,
P.

off the $23,500,000 of bonds
maturing during the- next two

was •

9

'■

a

„

of about 1.97%.

,

157, p. 124—were awarded
syndicate composed of Estabrook & Co., New York, Com¬
merce
Union
Bank,
Nashville;
to

■

Sale consisted of: consider an issue of $50,000 ;sani¬
$75,000 general bonds. Due Dec. 1, tary sewer and .water .refunding
the contract to purchase the bonds
>■/■■ "-r.■" .y.0
as
.;;77
follows:
$30,000 '* in 1966 bonds; ■/ v.-"and in such case the deposit ac¬
and $45,000 in 1967.
'
*
oregon
companying his bid Will be re-* 153,000 school bonds. Due Dec, 1,
turned.
as
follows:
The approving opinion of;
$45,000 in 1906
Amity; Ore:r
and $108,000 in 1967:
Vandewater, Sykes & Galloway,
:
Bonds Sold—An issue" of $12,000
of New York, will be furnished to;
All of the bonds will be dated refunding" bonds has been sold to
the purchaser without cost.
En¬ Dec. I, 1942. Second high bid of D a u g h e ft y, Cole7 & . Co/yef
close a certified check for $1,000
100.005 for $25,000 l%s and $203,- Portland.
"7.y: ■■ '*/' ■ f-' ;'
^j
payable to the City,
000
2s, a net interest cost of
ful bidder may, at his election, be
relieved of his obligations under

air¬

.

'

municipality.

Bond Sale.—The $500J)00

■

.

Winston-Salem; N, C.

TENNESSEE

Nashville, Tenn,

1

ordinance/ to
notes, pending: a
an.

,

of the

maturity date, the
premium, however, not

on

protection, sewerageconnections
and'public Works maintenance exissue
$25,000
feluding highway; repairs for the
bond issue, to pay for1 an ad$itiori
538 unit project. ,=■.;.;7, ■'.
vi
to
the
municipal electric," light
The city already is receiving
plant.7777 77"
7';:>■ 7
; $8,000 a year from the Governvestment in bonds or notes of the
'
Wooster; Ohio > r
| menUfor services rendered ParkUnited
States
Government,. the
i Hoim', the 262 Unit defense housBonds Sold—The Sinking FundState of North Carolina, -Or bonds
f
vi:"; v '" •
Trustees purchased am issue; of tog-project.

charter, Chapter 505 of the Laws
1940, as amended. In the event
that prior to the delivery of the
bonds the income received by pri->

the

19—v.

•

improvements of properties,. tem¬
porary borrowing to meet appro¬
priations for the currept fiscal
year in anticipation, of revenue
collections,: purchasing at market
prices and retiring outstanding
bonds of the municipality matur¬
ing more than ten years from the
date of such withdrawal; and in¬

to

to exceed 3%.

Newport, R. /.

,

of

tion

maximum

,

ated for the current fiscal year.4—From proceeds from insur¬
ance

for each year or fraction
thereof from the date of redemp¬

.

ing expenditures fund,
3—From proceeds; from sale of
municipal property not included
in estimated revenues appropri¬

.

interest to the
date, plus a premium of V\
accrued

of 1%

made

tion ordinance of current operat¬

1943,

after Jan. 15, 1944, at

or

port extension bonds offered Jan:.

Newport will receive $22,649 an¬
these bonds, himself and
nually in lieu of taxes from the
good on his pledge. ... As, a
Federal' Government for provid¬
result the public ownership" bloc,
has confidence in him " and v is ing , municipal services lor the
Tonomy
Hill Housing; Project;
counting 011 his assistance in the
Mayor Herbert E. Macauley of
proposed
deal
involvingthe
Newport recently announced.
a E. 1.
EVer since" the housing project
The Council bloc, it was further
opened more; than a year ago, the
reported, will place - .considerable
City and the Federal Housing Au¬
reliance on a survey* made, last
thority, hUve been* unable to reach
year by Assistant Law Director
jan agreement on the amount to
Spencer Reeder, in which a-num¬
be paid the city.'
7
ber of: facts extremely, favorable
•' The city maintained that it is
to municipal ownership were re¬
entitled to a sum from the Housported to the Council.,.
1 I" 7.
jing project since being^ Federal
Miamishurg, Ohio
y'" f '-l;\ 'property* it is' tax exempt while
j the city provides fire and police
''
Plans Note Sale—The
bid

on

and

par
call

the opinion of other bankers,,
7. Government-To Pay $22,649 On
that railway bonds could; be, sold
Housing
Project—The
city
of
on
the market.,
He promised.'to

on

funding bonds of
F-A.

until

coupon

RHODE ISLAND

administration, contrary

on or 'after Jan. 15, 1948/
callable in inverse numerical

are

order

bonds offered Jari:15—
p. 124—were awarded to
Phillips, Schmertz & Co. of Pitts¬
burgh, as- 1 Vis, at a price of
109.216, a basis of about 1,21%,
Dated Feb. 1-71943 and due Aug.
1, as follows: $3,000 in 1944 and
$4,000 from 1945 to 1952 incl.
Second high bid of 100.01 for l%s
.was made by E. H. Rollins'& Sons
of Philadelphia.
•
•
-

to

1—From " unappropriated sur¬
Jan. 27 for the pur-"* plus revenues.
2—From
appropriations
In¬
chase of $50,000 not to exceed 6%
cluded in the annual appropria¬
interest coupon or registered re¬
sealed

ceive

$35,000

turing

funding
v.
157,

-

again could count on his support
of it definitely sought to buy the
utility.- Mr. Eaton encouraged the
city to buy the railway, and .'as¬

tablish capital reserve funds un¬
der terms of a bill introduced in

bill

•

have let it be known that the City

towns would be authorized to es¬

The

'

Bond Sale—The

•

Cap¬

Funds—Cities

West Homestead (P, O f Home¬
stead ), Pa.

proof that
F. I. also
favor¬

C.

(State of)

Permit

the

of

Higher Federal taxes which the
E. I., like the railway, cotdd
escape
if
it were municipally
owned, with consequent savings of
millions to the local community..
As
to
the
financing;
Cyrus
Eaton, of Otis & Co., is said ;to

high bid of 100.17
$20,000 1 %s and $24,000 2s
was made
by McDaniel Lewis &
Co., Greensboro.

Senator

Rye, N. Y.

Offering—Joseph A. Han-

are

for

the State

Bond
nan,

councilmen regard

from 1955 to 1957 incl., making, a
interest cost of about 1.83%.

net

Monday, January 25,. 1943

-

•

.

,

»

'

-:7

R.

Bonds
tion

for

ihg

was
an

D.

6), Pa.*

A-V;7'7l

.but
of

Authorized—resolu¬

passed on Jah;: 4fe511ihg

issue of $10,000

bonds.

Dated

thiis is: because

$1,000,000

was

a

water

loan

paid off, during

the past year.
But for that, the
funds would; be almost $800,000

2-%/ fuhicU.
Jari7 If" 19437 -•greater'.;
.

■■

■'

'

•

the

at

end

of

this

fiscal

year

of

$4,500,000."
The Governor out-'
lined four principles "that should
govern Tennessee's financial pol¬
icy during 1943 and 1944," as fol¬
•

'
'
$1,000.
Due Jan. (17 as 7 The bonded; indebtedness of the lows:
7
■
$1,000 in 1945 'and 1946 /city is made up of serial bonds
"1. To continue fo hold the ex¬
and $2,000 from 1947 to 1950 incl. ^mounting to: $26,612,500; sinking
four Democratic
Councilmen as
penditures within "availability,
funds bonds amounting! to : $34,thus keeping the State. budget in
the first step toward acquiring the Principal and interest J(Jfj) pay¬
able at the Peoples NationarBahk, S6i,00p and /a n n ti if y b b n d s
balance;
big power company, reports said.
amounting to $8,318,500.
7.;7
^
:
"2. To; continue to protect the
Besides the sympathetic inter¬ Washington,
est of Director Crown, the Coun¬
State's credit by paying off all in¬
Scott Township School; District ^
;' ; SOUTH CAROLINA
cilmen are said to now believe
debtedness
promptly as it ma¬
(P. O. Carnegie)/ Pa:
Denom.

,

follows:

.

will

be returned.

,

NORTH

CAROLINA

Candor, N. C.

..

""

•

their

7 '
$31,000 cbuppn Charleston County. (P., O. Charles- tures;
"3. To,.issue^no new,bonds and,
Jan. 14—v.
7
', r.
ton), 5. C.
.
.
Bond Sale—The, $150,000 • road refund no old ones;
ter to validate an issue of $10,000
including:
157, p. 4—were awarded to Phil¬
An order by the Securities and
<#4. To levy no new taxes, ex¬
.water bonds.
lips, Schmertz & Co. of Pittsburgh/ bonds offered Jan. -14—v. 157, p.
Exchange Commission requiring as l%s, at a price of 100.76,; a 47-were awarded to Blyth & Co., cept to raise the tax on liquor,'
Davidson County
the North
America
Co.; which basis of about 1.65%. Dated Feb; ;New. Yark; and the. Trust .Com¬ which is. one/ of the. lowest in
(P. O. Lexington), iV. C.
controls the C. E. I. and many
•
of
Georgia,
of- Atlanta,, America.
1,1943, and due Feb. 1/as follows: pany
Bond Sale — The $44,000 road other utility properties, to divest
"The very gravity of the times
$1,000 in 1944 and $2,000 from 1945. jointly, on a bid of. par for $90,and bridge and school bonds of¬ itself of the local
company.
This to .1959 incl. Other bids included 000: l%s, maturing $15,000 on Jan. is full warning that the ship Of
fered Jan.
19—v. 157, p. 212—r order is still in litigation.
the following: Blair & Co.; Inc., 15 from 1944 to 1949 inch, and State must be'
kept orr an even
were awarded to R. S. Dickson &
Outstanding success of the city l%s,
100.31;
Singer: Deane 7& $60,000 .1V2S, due $15,000 from* keel. This is ho time to put out
in financing the
Co., Charlotte, on a bid of 100.011
purchase of the Scribner, 2s, 102.145:-Moore; Leon¬ .1950 to, 1953 incl. .The bonds are.
for $15,000 2s, due in 1954 and
Cleveland
Railway
(Continued on page 308)
Co., which ard & Lynch, 2s, 100.738: '
' •; dated Jan.'i5, 1943, and those ma¬
Proposed

Bond

Issue—Senate

Bill No. 22 amends the town char¬

chances

hanced

by

of

success

are

en¬

several other-factors,

Bond Sate—The

school

bonds

offered

,

,

>

...

,




.

.

-

Volume 157

THE?COMMERCIAL"* FINANCIAL CHRONICLE

'Number 4145"

The

303

Capital Flotations- bi• StatesDazing; the •• Month of December
and for the Twelve Months of the Calendar Year 1942
ful

Corporate financing through the capital issues market5
was the largest in amount for any monvh

July last; the volume footing

since

up $75,450,000. This
with $18,209,876 in November, the smallest for
any month since January, 1935 and $139,064,417. in De->
comber, 1941.
With the Treasury's Victory loan drive
dominating the market, .during December, new .capital
offerings during the month occupied a minor position, y:
The. volume of financing for new capital purposes in
December was $10,621,010, or, slightly over 14% of the
total and compares with the monthly average of $51,565,585 for 1942, 59% of the year's monthly average. Figures;
in the refunding, column for. the month amounted to
$64,828,990 or '86%. of the total and compares with'the
monthly average of $34,862,887- for the year 1942.
In
December, 1941, issues sold for all purposes, aggregated ;
$139,064,417 ^nd*'those for new capital $80,002,$63, or
compares

■

,

of that month's total..

,; The month of December marked the

award of

Issues. • sold

security;

a

amount

"Years '

Stocks

|

1942.
'1941^'„..„._

a

2.319,675,200

219 .228,275

161, ,158,178

! .1938

2,042,783.896

*1,673.283.500

1937

i

1930-

;

78

I 1934___

81,616,848

2,762,577,830

72,759,242

,560,510

2,116,666,420

19,087,784

2,140,432,18:-0

♦

468 ,395,208

292,013,451
282,063,717

4,578,945,681,

123 ,650,746

,

27,180,244

2,267,428,765*

455,293,100

3, 198,450

137,383,069

10 ,920,875

13,114.170

2,028,034,050

148 ,015,667

195,115,706

-

1932...
lS31._...m

total of $18,393,308 for

2,433,692,150;

31,402,899

15 222,555

619,860,300

i 1933—t....,

227,244,700-

DOMESTIC AND

*.

,

270, ,840,364

'

4,026,041,600
2,116,597,775

:

'

1935..

-

FOREIGN,

INCLUDING

489,894,44">'

379,850,324

643,895,345

2,371,165,423:

CANADIAN

Calendar1

Bonds and

Preferred

Common

Years

Notes

Stocks

Stocks

$107,875,808

:1941',-2__

,.$910, 026,350
2,319, 675,200

1940_—

2,434, 645,300

1939

1,962, 249,000*

1942^

.

Below

.

Total

$19,239,518

219,228,275

1938——

2,042, 783,895,

1937-v--

.1,673, 283,500
4.064, 041,600

of

'

$1,037,141. 676

79,901,271

246,315,690
161,158,178

-

.we pre§ent7a. tabulation, of
figures-since Janu-r
1940, showing the different monthly amounts of cor¬
porate financing as. revised to date;
Further revisions

81,616,848

78,560,510'

.

2,618,804, 74ir
2,762,577, 83ft,
2,196.166, 420

72,759,242
19,150,284

2,140,434, 689"

468,395,208

292,013,451

2,433,692. 159,

285,840,364

282,063,717

4,631,945, 681'

•2,116, 597,7.75
456, 493,100

123,650,746

27,180,244

1934

1933—,2-

ary,

,.228, 844,700

15,222,555

1936__:.„

,

1935^_r,^

the; 1942 figures -will undoubtedly. be necessary from
The month's sale by
Southern Pacific Co. of. $3,950,000 certificates running; !'time:td;time7particutariy as additional private,financing
1 is brought to- light in annual
reports and other places.
from one to ten years attracted four t bids, The success-.

hecessfcary*: construction* materials:;

:

Total

41,036,719,801 >
79,001,271
2,618,804,740-

246 ,315,090

1,882,749,000

December,'as; compared with $17,016,303 in November,
year,' and $61,7257,542/for .December,,. 1941. Of the December total, $9,354,511 was "f orhew' money - purposes and $9,038,797for refunding: -; 77%
"7/
<'

relatively few railroad equipmeht trust issues that:
have come to .market recently, The, paucity of such se- ■
curities reaching the. market, of course, reflects hot so
much the lack of desire by the country's railroad sys¬
tems to purchase new rolling stock as! an inability to re-,
ceive deliveries as *a result of priorities related to the

Stocks

$18,817,643

2,434,645,306

the smallest amount fori any month this,

the

Common

$107, 875,808

i 1939^

when.$17,750,000: Or 97.4 % of that month's financing was
placed. Iri October,' private sales accounted for $31r
780,000:or'68.6%.Of the total.
- 7
*
:• 'Municipal financing reached

„

$910,026,350

i 194Q.

-so

ISSUES

Preferred

;

in November

than

CORPORATE

Notes

1

each type of;

according to

years

»•

Bonds and

,

' greater

*.

DOMESTIC

privately last month totaled .$55,835,000,
was

tabulation of the annual corporate fig¬

a

Calendar

comprising 13 issues and represented 74% of the month's
totals' This

of

one

Following is

ures-for the past-12

publicly5 offered. during DeCember was ah issue of $12,500,000 Central Maine Power Co. 1st and gen, mtge. bonds
Series M 3 ?/£s,' due 1972", distributed by a syndicate
headed by/The' First Boston Corp, * This issue was se.cuted \ byithol; banking, group through the competitive
route
in -: accordance
with
SEC requirements.
The
month's iinancing was. devoid of any-stock offering.
.

7

,

-that. submitted by., Harris Hall & Co.,, Inc.,
The only Other corporate issue, of note

was

,

1

57%

one

and associates,

in December

3,198,450

;" 619, 860,300

*2,245, 834,050

381,583, 656

.195,115,706

10.920,875
148,015,667

!

-

491,094, 449*

137,516,401
13,114,170

2,588,965, 425.

'

1932_—
1931..CJ—

2,267,428, 765

31,402,899,

■

643,895, 345

Large Domestic Corporate Issues During the Year 1942
v7;

-♦m*,

New

Refunding,7

Capital

'

Total.

■"

4;—

: New Capital

Below we list the .principal issues of securities
placed,
during the year 1942, giving at the same time (in paren¬
thesis) the purpose of the issue;
;

MONTHS, 1942, 1941 AND 11)40

SUMMARY OF CORPORATE FIGURES BY

Refunding'",7 -'***Total

■

.

--*1940——

Refunding

New Capital.

•

Total.

,

'

7

..

»*•

January> —41142

-February'

72,920,126

First

r

v-

,

,

118,294,420 *

,

.!«

:

^

^May;

97,114,003

5,806,500"

/ '86,019,070 V363,802,1031

'488,497,154

; SU months, 7:1July 7^1

"
•

August

'

'

sep^mbter;

.

32,719,350
6,018,000
28,445,586V" 30,436,500

4J 484300

1---

f

'

-

58,882,086]

183,729,412

■

,

64 828 990

17,734,310 " I22i205,566

quarter

787,0367
'

••Revised,' '

Note—In

■

...

'

'

:U--A

9,771,328 ,101,476,480.

111,247,808

89,787,130

378,254,222

-

r74,437,157/ '401;829,900
161,391,300 , 195,656,013

'

corporate purposes).

.

,

'

75,450,000

'80.00^863 *

'

89,427,250 :

25,000,000 Commonwealth
7

"(expansion). *

*

;

'

;

185,778,049.

420,936,273

>

,1952

;*

'•

1,062,201,383; 1;556;603;363;2^18,804;746

:

1

i

i.

;

•

-

A

'

"

Dec

Add

Other

Jan

1942-

n^duct

Jan

1942-

Mar 1942

-

Add

May 1942

^

Add

A

:

.

ihd;

'

Amount

,

New
j; Elyria.-Telephone.rCo. 3:',Af. debentures 1New
.14,515,700'-J";.New England,Tel...Tel. Co, .common stock'—^^!..^.^ New
:Ui: ?500,006
< Addressograph^Multigraph Corp. 3Vv'»
debs, 1947-52___„ New
—
750,000
1 Honolulu Rapid Transit Co., Ltd. 6't preference .stock— New
1
,

Public

'

"Indicate-issues placed

Utility
&

Ind

Other

Utility

: Public

privately.

Mfg

4

'•

;

••Results for - the Full Year 1942

'•

Garporate ;financing

:

> Last year's- capital. liota'tiqns. of corporate issues had
an aggregate value of $1,037,141,676, or less than half of
: the total volume of $2,618,804,746 for 1941, and the smalltotaled $419,094,449.
Although total;-volume:
1942 failed to attain the 1941: level, the, percentage

sions

in
of-

financing for new capital purposes compares ^favorably,
with the previous year. •

However, neither? the amount6f financing was,

the degree of increase in this kind
representative of the great "expansion
por

'

as

we

|

■■

.

j

.

■

have* already

funding,

hublic sale of its securities

New.;ir^ebt-1
through ,the

-

.

•.

*

>

"

The

new

>•*'.'•

»- •

•'

>•

=*

,

,

,

'

,V

.

Public

were

in.

(re-*.

1st

1st

&

refunding

mortgage

334».

3s,*

1972'

sinking

debentures/

fund

%
debentures

3%

(general

sinking fund

cdr~r

debentures,

*

'

'

■}.;'■■

JULY

-

Ceianese;-Corp,

of. America 3 ti'm

funding, pay bank loans, etc.).

.

debentures,

1962

(re-

,

AUGUST

35,000,000 Southern Bell Telephone - & Telegraph Co. 23i% 30-yeardebentures, 1972 (principally to repay advances to parerr*\
company and general, corporate purposes).
;• • *

■

.

12,000,000 Great
.

*;

.

.

v

'

*.

Lakes

.

Pipe

debentures, -1957

Line

f

bonds,

4%

1O,0OO;OO.O Timken-Dctroit
tional

3 v* v»

made-

sinking

by

fund-

other

com-'

...

.'.SeptemberService

'

.' trust

15-year

advances

...

.■.;
4

Co.

(repay

panies).

20,000,000 'Southwestern, Public

^

series,

1972

Axle

Co.
working capital).

Co.

1st mtge.
(refunding).-

3%

10-year

&

collatertU
,

debentures

1

add--'

'OCTOBER

00.205000 Long Island-Lighting Co.

,

1972

.*

V

1st

bonds,

mtge,

series Pi"

3(4%

bond.<.

NOVEMBER

11,000,000 Champion Paper & Fibre Co, 334%, 1st mtge. bonds,
■

-

*

(principally

1957-

refunding).
DECEMBER

*

35,000,000 Bill Telephone

,

in

1st mtge. 3V+';>

(refunding).

9,500,000 Alahama -Great Southern RR.
:
I *
series A, ,1967
(refunding).

series

,-

"E'\

Co.

due

of Pa.

1973

2%%, 1st & ref. mtge, bonds,
(refunding).
'
*/'"
..

12,500,000 Central Maine Power Co.

1st &

mtge. bonds,
refunding).

series

5,000,000 Cehtral Maine Pow»r Ci. unsecured 2(4-2^4 and 3%
.due 1943-1952 (principally refunding).

|? the-smallest aggregate since 1937, The 1941 total in this
;; classification^. \ya& $952,615,173 and 1940, $1,233,706,974.
The portion;>fof new1 money purposes was $342,440,313,
--as

.

-debenture^;

f

capital.

,

year

debentures

.

]

the

Municipal flotations of $523,704,607 last

fund

fund

.

Service; Co.

(refunding).

.......

35,000,000

stepping, up of
;;depi^ciation:accruals.: .^Utilities: are thus in position to
-

sinking

L962". (refunding,-repay bank loans, etc).

«

-

Another-iacton tending to keep utilities out of the'mar-

I

(re-

"

1st mtge, bonds, 1957

bank loans, etc.)

pay

15,000,000 Standard Oil Co. of Ohio 3%

j

A'

capital funds included in our compilations

notes

"M"

3»/2%,

due

gen.

1972 ^principally

.

*

compared. with* $518,105,273 in 1941 and $751,323,509

1940;'while-refunding operations absorbed

$181,264,last "year- went chiefly, to the public utility industry,
| .294 as ^against $434,509,900 in 1941 and $482,383,465 in
$463,797,066, miscellaneous businesses, comprised, in our* 1940.
It is .understood that priorities for the war effort
classifications as "'other1 industrial and manufacturing"
I' interfered with rmunicipal construction work and there-*
'and "miscellaneous," received a total of $363,150,940, raili
fore reduced the-total, financing which-would- be exroads,. $48,595,1150, oil. companies, ,$145,500,000, and. iron:
1 pended along these lines,
'steel, copper, etc.; $16,097,820; v
-




1957

.

'

j

Te4vufdhtonts^J&,^ J

l'lina^*i^Ti^^^hts':Out of earnings;

1962

JUNE

'

|
f:

I/

been

debentures,

1

■'

sinking
bank loans, etc.).

pay

opinion it would be far better

ket,, for^ additional;:funds has

3/}-

etc.).

:

If■ f^l,,i'Stu|i^^3-i4i,^I^'* 'ei^j^erixneirtati^m. were left in abeyance dur-

new

20-year

loans,

30,000,000 Aluminum Co. of America
\
porate purposes).

V

Newv. financing ;for;:the utilities was hampered by iri-,':

the need- for-

Co.

(refunding).

equitable

'y

APRIL

): 10,500,000 Virginia Public Service Co. 5%

rof*-the 'Public: Securities - Committee - of the Investment:

I

r

'

bank

Service Electric & Gas Co.
(capital replacements, etc.),

Virginia.

.

:

,

chemicals..

-

197.2

.

26,000,600

,

*ing the peri^;";. ^Restrictions on plant expansion
amounted to the enormous • i"*^dvie
;to^;the;n^d:<^:«c^serving critical ^materials for war

I total Of $56,409,965,253, as^^:c6mparedt%ith $11,512^
the,;yesir - preceding..;-' •
V
In ordinary times corporate ; plant, expansion, is ii'nanced by sales of ^corporation "stocks and . bonds to - the;
public, but this was not the chief method employed last;
year. From the beginning of the defense program industrial facilities for defense -have been financed by the
Government,"the* largest recipients of these funds-being'
,the aircraft industry, ammunition; ship construction and

.'■■•*

Tobacco

1 15,000,000 Public

j

totaled A$618;787,026v* while $418,354,650 repre.refunding;
..-vv.-'*

fiuancin^ppera-i

lions' rather than in the ;corporate* figures.',
edncss incurred
the Treasury last year

'

'

"

.

-

found'" ih the United States^Treasury^5

;

*

}

Bond offer-

in;industri$l .aq-1
^Bahk6FS:^Assbd^i0n^ at{the:^^ organization's meeting in,
tiVitj fn the past three fears': r: In'times* of normal: busi-^
|- Gctober tsaidlthat;the:rule had not been in effect long
1 ness growth there is • 6rcUharhy,?ah: atteirdhht grqwth of;
Jits. Value,' if*' auy, to the parties
; new-capital financing. vThe present industrial hooni,is£
iiijiyolyedt^e^know;.sdm^ of:.its drawbacks,, but havepf course,, not a normal one; - but one arising from-oar;
never-had. an ■ opportunity to appraise its * effect under
,/def 0Pso^hd ,\yar prograrns";:and purchases by the United;
the: committee,
"There
Nat ions' under the lease-lend program on account of the
V
'?■^gray^v^ife^ion^' '■/^states the committee, "whether,
>'war. The reflection nf such a boom is not unnaturally.
improved and more
'

(prino-

fuiid debs.,

equipment).

12,000,000 Et Paso Natural Gas Co. 3%.

;

trbductibnlasti May by: the Securities .and Exchange
CommissIah ,of the competitiye bidding rule. This made
it more difficult to put through new issues. The report

5

marine

..

Capital

Capital

i jcapital
sented

1972

,

:12,000,000 -R, '.k MAcjr & Co. 10-year, 2Va% sinking fund
1952 (general corporate purposes).

.

rings made.up $910,026,350 of this amount, while issuance
I of Stocks totaled'$127,115,326. Of the 1942 financing, new

1934 when total. corporate emis%

est for any year since

<

last year,

stated,, was. lesk than, half of the 1941 total.

;

■

3aJas,

,

I-

1

,

mtge,

Refining Co. serial''debentures- (interest
rate
2.50:<:-2,90%),
1953-1962
(pay:
short-term
debt,
capital expenditures). ' .::
•■-

"

;

'i
•'

1st

50,000,000 Humble' Oil-

:

Capital
Capital
Capital

>

Ilea

1st

&

Corp. 1-15-year < leverage Interest rat^
preferred ship mtge. serial notes, 1943-1957 (cor-'

(refunding,

of Proceeds

„

1977

'

*;

Co.

Distillers Products Corp, 3.14
debentures, 1949 (pay bank loans, etc.)

V

;

j

,•

•:Application

Name of. Issue
*
"
.
United States'-Sugar Corp.„——

j

&
$3,210,350 ^Public -Utrttty -' a .*250,006. A

1941 a

Arid

y

'

mtge.

15,000,000 National

•

Classification"

-

1st

Co.

10,0OO,000- Long- Island Lighting Co. 3% %

'

Month

3s,

'

'MAY'

i

.

Line

MARCH

Electric

funding,-pay

.-

''.f;

35-year

mtge.

Corp. 10-year 4<{»; sinking
(pay notes payable). .
: . ,

100,000,000 American

notedf ih preyious .issues % of Jthe "Chronicle," the following changes

.'A'A-A.■■■■*').. v,.

:■

'

•

396,778,240

,736,382,782 2,026,195,056 2,762,577,838: I
:

]

■>

1st

10,000;000 Union Electric Co. of Missouri 1st mtge. & collateral trust
bonds 33'bs, 1971 (construction).

262,885,785

v:1-':'.-■■■'V,'.;;*.■■

:*

r

A*

;

Co.

*

■

struction

,

773,869,098,1,052,138,895

,

stock:,

18,000,000 Consolidated. Oil

.

393.074,870

334,579,682

preferred

•"

pally refunding).

,

457,512,985 1,252,325,958 1,709,838,943

62,198,558 .

,

,

*'■

;

'■

1

345,346,770
168,943,139.: 93,942,646

>

(general

.

15,000,000 Schenley Distillers

606,714,322

,47,728,100

Edison

10,000,000 Panhandle Eastern Pipe
3s, 1962 (refunding).

536,987,890

-67,938,134
68,006,465

273,091,313 .498,4957874 ^471,587,187; 278,869,797

: 139,039:876-

418,354,650.; 1,037J41,676

97,050,22O?' >200,711^420
,42,384400 431,811.350,
'59;06lV554 M39.064,417

1967

'

.

FEBRUARY

• '

32,500,000 Pennsylvania
,

(refunding).

•

242,447,950 : 292,281,400
112,893,538
180,831,672*
-65,594,785
133,601,250

'

'

1972

debentures,

"

!'*.

831,389,685 1,103,124,621

49:833.450

"

mtge. 3VaS,

26,566,900; United Aircraft .Corp. (265,669 shares) 5'A
(working capital, etc.).

251,672,652
174,067,430

192,497,442
84,280,300

1st

15,000,000 Union Oil; Co>. of ,California. 3'A

566,136,731

i

' 59,175,210

789,ujO;07o';'l,368467*,489.;2,147^217.559

.

103,661.208 v

addition to revisions already

have been made;
*■.*,•

257,345,640
135,326,541

103,799,050

i,410;O3.4,096271,7.34936

,322,446,837r ,731,183,463

408^736,626

46,289,000
,18.209.876

43.845,700
13 530,876

4 679 000'

t Twelve months

"v

211,341,581

JANUARY

$80,000,000 Alabama Power Co.

<

-

'

;

173,464,550

113,091,268. . 453,135,463'

86,628^0 ;433,697.550'

47,069,170
327,402,743
34,264;7I3*

'

<

$

•

137,994,832

35,469,718
46,004,059,
-31,527,491

!l94,"26b,6?7 ^1$67&232:4 .611,&33,850 .. 158,733,-668

60,229.326,
>64,618,000

296 149,084897,201,800
'

10 621 010

Oecember,
•

617.987420 ;<0O4;1QQ;237

*'

.$

2.80'!o)

November

Fourth

'•* 69,173,850

"60T052.716 '

Nine .months

October'"

■

->

713,472,3884 380^73,444 ;T035,660,652,

226,975.234

27,509,976
58,600,000

-114,555,562

Third quarter—

■,

•

.

'

'

•."$-*

ll$;04l,0O3- 4430.466,1665
107.180,.735 ..146,650,400
109,648,100
63,874,177
197:102,123.% 260,976,300
138,513,000
90,916,7^^^ ; 113,390:374 204,307,159

.

61,685,570

:^ V277,783^033

.

18.527,000'
;

.

.76,827,430

.

Quarter

,

.103,841,600

June-'

■

;

52,928,677 : .275,68-7.665,. '328,616,342 ■
46.549,770:, 227,012,100, i 273,561,870
86,634,370* ^115^7^55 % 203,%922,025"'

186,112,817

349,670,285

'Sr.:

•

-

..

J—

Second

18,900,500

7-;• ,208,714;121.,,140,956,164

quarter----

'■

.155,766,490
75.609.375

82,846,364

1 39,209,300

79,085,120

,F;

,

.

56,708,875

,

'March;

'April

J-•

i

.

.

,

Private Sales of Securities for the Year 1942
Our record of security

issues placed privately shows

that 86 issues of this character aggregating
$424,055,95(1
were sold
during 1942.
This is the smallest both in

number

of

issues, sold and

amount

involved

in

place¬

ments of this nature in any year since we started

com-

THE COMMERCIAL & FINANCIAL CHRONICLE

304

1971,

St.

"s

ceding years.

$400,000

Shippers'

' \

Southern

$35,000,000

the

of

compilation

detailed

our

3!/4%

due

1962,

April

1st mtge, 4%

(March).

(R.

C.)

-

Oct.

Commonwealth

Co.

1st

'

Bfeton

.

(Brookfield,

15-year

■

.

3V2%

due

Inc.

4Vz'/b

bonds,

Corp.,

3%%

Co.

Power

bonds,

-

Sept.

due

1,

1st

mtge.

bonds,

due

Public

l,i 1954, $400,000 (Oct.).
3%% series, due 1972, $990,-

bonds, 1957, $12,000,000 (June).
due Dec.
I, 1966, $250,000

(December).

-

Co. 1st mtge.
(December).

Utilities

$1,400,000

sinking
-

.

$350,000

;

"

&

due

Oct.

due

1,

May

Refining

serial

Co.

:\\

;

1st

mtge.

3%%

bonds,

(December).

1,

debentures

(interest

rates

000

1st

mtge.

due

Co. (Bristol, Tenn.) 1st mtge. sinking fund
1, 1972, $1,050,000 (September).
sinking fund debentures, due Sept. 1, 1957, $4,500,-

Telephone

due

'

-

Kentucky Utilities Co.

1st mtge. bonds,

series of

4%

1970,

due Jan,

1,.

$1,000,000

R.)

(January).
Co., Inc., 10-year

Kinney

3%%

loan,

1943-1952,

$1,350,000

Oil

Lion

Refining

$6,000,000

Lighting Co.

$30,205,000

1972.

I-land

Long

mtge.

bonds,

Feb.

due

bonds, series F,

sinking

fund

debentures,

Mead

Com.

15,

1st

Gas

Co.

Missouri

1,

fund

3!/k%

Gas

mtge.

1955,

15,

Electric

mt"»».

1972.

3'4%

&

Edison

Electric
Co.

series,

due

collateral

*■.

$2,000,000

serial bond"-,

$6,000,000
Co.

1st

trust

bonds,

334%

(December).

33.8

i—

of

total

127

30.8

-

64

.

volume^.

31.8

"

53

in

17.1

•-

disappeared

altogether

.

23.3

since

18.7

gate value of $131,026,646, compared with $389,569,510 ia
1941 and

consisted solely

also

maturing semi-annually Oct.

(March).

United

of, during the

States

own

A

Co.

334 %

3%%

1st

debs.,

mtge.

bonds,

1942-1952,

fiz

Fdimn

due

Jan.

1972, $3,500,000
$750,000
1,

Tight Co.,

$1,000,000

1957.

Bridge

serial

notes,

brought out,

were

1967,

third

present

we

Pap*r

Mill-t

$1,506 000

I't mtve.

serial

4'4%

corporations
of

amount

when

last

this

involved

no

governmental

since

were

the

was

1919,

placed

was

bodies,

during

which

in

single

or

so,

those
sues

seven
were

years an

in

year

Following is

compiled

Philadelphia Electric Co. 48,221
5100). $4.822 100 (Marcht

Co.

shares

1st

the

was

\

a

summary

'

•

■

bonds,

series

;

(INCLUDING

•

CANADA/ITS PROVINCES

Calendar Years

.

:

AND

New Capital

1941

$4.40

preferred

;•',

"

36,377,356

28,876,706

5,721,524

13,570,162

82,102,729

7.590,999

10,080.151

——

4,318,088

3,162,305.. 1,025.000

251,500 12,199,818

' 3,965,000

57,519,975 249,703,341

mos.

-I—,.— V 15,219,622

62,943,144 35,231,363

32,015,790343,750

29,858,878

25,487,816

14,499,172

1,572,COO

11,096,982

.

3,757,564

51,683,537

-742,500

1,250,175

3,546,765

5,948,598

—

7,127,500

13,943,995

.

16,782,675

11,851,252

5,547,372

5,259,100

11,573,907

11,885,555

8,609.530

8,951,969

1,164.950

4,867,500

15,411,919

21,080,297

15,529,803

5,714,434

11,833,750

389,569,510 126,330,104 66,876,758

65,753,462-

December

Financing in December

financing

operations

of

the

United.

history of the country. The Treasury
opened its campaign to raise $9,000,000,000
money in December and the plans were laid so
carefully that the goal exceeded all expectations, $12,946,490,635 in new money having been raised.
The
Nov. -30

new

as raising its weekly
Treasury bill offerings and
pushing the sale of War Savings Bonds and Tax Antici¬
pation Notes.
All of these efforts proved successful.

1-year Certificates of Indebtedness
yielded $3,795,3339,500, while the sale of 1%% S^-year
Treasury Bonds brought in $3,060,711,000, and that of the
21-26-year ,21/i>% Treasury Bonds, $2,826,714,000. Along

;

with the sale of

Treasury Bills, War Savings Bonds, Tax
Anticipation Bonds and Depository Bonds, the Treasury
was able to raise
$14,852,036,635 of which $12,946,490,635

'

Total
$421,875

4,000,000

represented

4,000,000

new

indebtedness.

■

—

59,250,000
25,062,500

87,750,000

3,250,000

1935

40,000,000
219,000,000

23,000.000

1937

1333———

279,655
-

The- offering, of %%

STATES.'

MUNICIPALITIES)

*

$421,875
—

1S39

.156,500,000

■

116,000,000

—_

•

61,200,000
133,332

61,600,000

•

147,000,000

,

65,062,500

222,250,000
179,500,000
116,000,000
61,200,000
61,733,332

$550,000

1930

14,500,000
126,566,000

779,870,286

1,576,820,900
1,724,684,425
1,349,793,040
1,307,307,500
1,244,795,765
360.216,279
759,776,034
577,517,000
522.448,887
605,559,300

1

268,222,000
1,135,779,390

22,032,717

•

The bill offerings in the first two weeks of the month
were for $500,000,000 each and the last three issues of the
month

were for $600,000,000 each.
As there were two
Treasury Bills in the amount of about $350,000,000 each
and three for approximately $400,000,000 each,
maturing
in December, the Treasury was $907,362,000 better off.
•

66,015,000

.253,722,000
1,009,213,390
757,837.569

3%

$400,000

1928

A.

due

1,319,167,987

257,652,913

1,561,119,925

1926

1,145,099.740

1,086,160,500

163,564,500
204,693,300
221,147,000

1924

996,570,320
280,274,600

1922

634,511,034

stock

(par

383,450.88%

1919

342,130,300

248,225,445
79,941,679
125,265,000

•

527,517,000

1920

-




.—

2,525,696 22,096,368

——16,191,866

well
;

figures since;

Refunding.

—

1921

of

.611.334

1,702,750

Treasury did not confine its efforts to a single offering,,
(bringing out a 2J/2% 21-26 year bond, a %% 5V2~year
bond, a %% issue of Certificates of Indebtedness, as

In

:

:

-

of the yearly

•

S

,

other month in the

of

undertaken

entities.

corporate

1931

bonds, series A, due 1948mtge

:

aggregate of $9,119,051,306 such is¬

$12,988,973,513.

'
.

.

\ '

l'a s

States Treasury were on a scale that exceeded that of any.

the

floated,, while from 1919 to date the grand

total has been

't

...

9,919,270

Treasury

foreign issues have been of

and

$

1

I.

5,953,125

The

only modest size, but in the period 1924 to 1930 inclusive,

by foreign municipal

60,081,270

.

.

^

4

'"1933

1939

'

•

14.726,274

1940,

any

really important volume of financing

.

:

'

.

:

;

12,855,884

Total cel. yr. 131,026,646

on

decade

1940

.

'

•

.

..

^

FINANCING

22,145,201

December

Vl,/:''!'■'

In the past

1941
.

,

$

'

,

NEW

The

have

we

,

38,916,634

November

placed in the United States,:

smallest .of

1942

.;

..

3,294,562

September—-

?

■

A

•

' 8,241,790

—

——

May
June

of

1942.

figures.

here

'

.

<

REPRESENTING

8,630,596

Total 6

Except for

only $421,875.

was

foreign issues

year's total

period,

and

character

■.

NOT
-

'

_

April

July

(June).

(November).

Pennsgrove (N. J) Water Supply
Jan. 1, 1972, $175,000 (Ma").

January

foreign security issues placed in the United States by
issue

•

^

February

;

,

usual annual summary

our

•*;;

v;

ex¬

40,000,000

series

bonds,

-

:

October

Following

both

'

,

\

other year, 1939, when issues totaling

1923

serial

j

during 1942 by entities

compared with $1,969,030,000 in 1941, an amount
one

••

••

March

1927

10-year 4y2%

-

,

ISSUES

>

.

Treasury issues instead of by the sale of

only

.

r

guaranteed obligations.

26.015,000

(J"1y).

Corp.

.

at least, by direct

emergency

1925

May 31,

,

grouped under this classification aggregated $548,240,000,

1934

mtge. 334s, series A,

a

1941,

>

%

the companies whose securities are involved
receive no part of the proceeds of the sales. Such offer¬
ings as these have no place in our compilations of new,
issues, but we have tabulated them separately for whatever interest they may have on their own
account, and
present the results in the table below:

Financing

October,

$126,330,104 in 1940.

Of course,

provided for the monetary needs of these agencies, to be
care

total for 1942.

In all of 1942 the secondary distributions arid special
offerings which have come to our notice had an aggre¬
:

policy put into effect by the Treasury at that time

! taken

our

117

Intermediate Credit Banks and

1936—

(June).

1957,

*76

$3,233,234, and 29,162 shares
$1,346,670 were withdrawn.

of

to $22,124,845.

up

33 2

35 3

offering value

an

said before, were inaugurated Feb. 16

$305,991,000 $150,311,094 $456,302,094

Federal

tions,

1929

Ga«

Norfolk-Portsmouth
Northern

volume—

issues.

"

1932

Bedford

due

of

137

head and which in the past decade reached huge propor¬

1940

(August).

New

total

"

30.7
'51

4

con-

the N. Y.

on

brings the total cash involved in these operations
These special offerings which, as we
on the Big Board,
were permitted on other
Exchanges during the year. We
have included them along with the
secondary offerings

30.2
,

.

(June).
Michigan

71

,$229,828,780 $450,683,000 $680,511,780

1938

3-t

due

&

.

$10,000,000

.

series,

1945-April

Michigan

volume—

issues—J—

1942

Corp. 25-year 1st mtge. sinking
1, 1967, $3,850,000 (March).
1st mtge. bonds, 4%
sinking fund

Service

fund

due July

'

'

Public

sinking

30.6

66

completed

1942, 62

cash

a

This

1956,

.

334%

Lynchbur* Gae Cm
1962, $500,000
(December).
Maine

29.6:

-

were

cash consideration of

a

with

$309,980,000 $418,577,500 $728,557,500

——

of

''-157

'

GRAND SUMMARY OF FOREIGN TSSUES PLACED FN UNITED

1st mtge. 314%

Co.

1,

•

Transmission

due March

bonds,

1st
•

(O^oberL

Lighting

(May).
Louisville

334%

Co.

(February).

Island

volume—.:

total

of

92

for

36.6

$326,959,904 $507,580,385 $834,540,289

issues—__7_4

reasonable

a

I Stock Exchange and 12 additional offerings were uncom-pleted. Of the latter, a total of 72,757 shares were sold

215

.34.8

65

reasonable time and at

sideration of $18,891,611

;

40.8

•>

>

87

; 38.0

a

During the period Feb. 16 to Dec. 31,

rspecial offerings involving 707,019 shares and

86

62.7

;

-

tion market within

price.".

by Government agencies previously grouped under this

1919:

(June).

Long

total

of

June

3xh %

(December).

1970,

the

of

a

bonds,

-

cur¬

conditions, cannot readily be absorbed in the auc-;

I

Total Year

49

Financing in this classification in 1942

2.50-

series A,

Stock

,

Last 6 Mos-.

,

.

.

28-year 3%

Power1 & Light Co-,
$2,000,000 (May).

Co..

sinking

\

1, 1953-1962, $50,000,000 (May)/
Telephone Co, 1st mtge. 4% 20-year bonds,
1942, $1,300,000 (November(.
'=

1970,

bonds,

Kendall

(©.

;■

-

Co.

$1,300,000

May

Infer-Mountain
3%

1962,

.

Light

Electric

due

York

:

Farm Loan and Government Agencies Financing in 1942

.

-

,

New

(facilities of the Exchange, where such blocks, under
rent

„

series,

■

compared with the. first half

as

J for the handling of blocks of listed stocks ..through the

$425,-

Foreign Issues Placed in the United States
fund

:

Central

Indianapolis

,

t

August

Corp.

(December).

County

series,
Oil

:

1,

'
: '
'
2'/2% equipment trust certifi¬
cates, series 35, due Oct. 1, 1942-April 1, 1952, $3,000,000 (April).
General Refractories Co.
314 %
promissory notes, due Jan. 1, 1957,
$3,000,000 (January).
/.%
•••■: .v v.
,,'
Great Lakes Pipe Line Co.
15-year 3V4%
sinking fund debentures,
$12,000,000 (August).
.'
•
'
Htome Telephone & Telegraph Co. (Fort Wayne, Ind.), series A 314%
1st mtge. bonds, due April 1, 1967,
$2,500,000 (September). '
Mbosier Gas Corp.. =. 1st mtge.
bonds, 4%
sinking fund series, due-

'

2.95%),

due serially,

4.128

—

$2,461,560,325

debentures, due June 1, 1957, $5,0OO,OOO

American Transportation

Mimble

debentures,

FINANCING

issues.^.

of

Percent

•

■

4%

bonds,

.

(July).

Blinois

bonds,

30.9

Volume__

Volume

ceeded in

•'

Geylord Container Corp, 3V2%

1962,

fund

37

—

of

1937—Number

as

3%

Co.,

$1,500,000

fund

(Sept;).

$10,000,000

sinking

$500,000.:(November).

1955,

The total volume brought out

'■
BMe RR. 1st con«ol. mtge. 4% bonds, series C,'$5,955,850 (July).
Federal-Mosul Corp., 33/4%4' note, due quarterly Sept. 1,
1946-Dec.

FEbiughton

due

CORPORATE

issues„_

of

Percent

'

,due May

1st mtge. bonds

since

Exchange on Jan. 29, 1942,
adopted rules providing for "special" offerings of secur-,
ities which went into effect Feb. 16.
Stock Exchange
officials',at;.the time stated: "It is not the purpose of'
these rules, to supersede the auction market or supplant,
approved secondary distributors, but to prbvide means

4

volume-^;

total

Volume

1967,

1,

Jan.

f1

'
mortgage loan

and

1941

The

$538,562,300 $418,775,000 $957,337,300

Percent

their

.

...

1st mtge.

General

of

1939—Number

$225,000

debentures,

of

of 1941.

•'

■

bonds,

Volume—

;

fund

debentures,

1962,

total

of

1940—Number

;

(December).

1955,

half

.

.

debentures,

15-year 4 y2 %

Inc.

3%

Volume
Percent

1977,

'-

>•.

sinking

3y2%

mtge.

1st

Eli Paso Natural Gas Co. 3%

d"e

1962,

.

.

Under this authority

made to Great Britain by the Corpora¬

were

tion and this evidently was responsible for a marked re-;
f duction in the volume of secondary offerings/in the latter

'

1962,

'

bonds,

;

Utilities,
(July).

Elyria Telephone
(January).

Florida

debentures,

small amount by the Joint Stock Land Banks.-

due

'

■■

Mo.),
•

lai-on Sault Electric Co.
000

| large loans

due

$220,987,100 $203,068,850 $424,055,950
of

1941—Number
•

...

Co.

(August).

Paper

•

35/a%

issues_____^._v.

of

Percent

(July).

$218,000

fund

.

First 6 Mos,

1938—Number

series,

'

'

35-year ,3%

Co.

Kansas

Missouri

East

•.'

•

Co.

Volume

•

•

Service

$990,000

1967,

10-year

-

Percent

bonds, series B, due May 1,

sinking fund

••

■

mtge.

Chemical

(September).
Almv

Eastern

A,

-

.

15-year

Volume

new

(March),

Dmvev

$750,000

Iron

1942—-Number

•

4%

bonds,
'"•• •

mtge.

1st

Edison

Public

Consumers

3%

PRIVATE

:
',-■••■
1-1.5 year 1st preferred ship mtge. serial notes,
annually Feb. 1, 1943-Feb. 1, 1957 (average interest rate 2.80%),

$18,000,000

Co,

Paper: Co.
(March),

-

...

$25,000,000 (Feb.).
Consolidated Oil Corp.
due

series

>

sinking

,

liquidating the American securities which it seits nationals.. In June, 1941, ,legislation
enacted .authorizing
the. Reconstruction Finance,

'

notes,, $1,750,000

.

(December).

$100,000

bonds,

7'

.

been

Corporation to make loans to foreign governments col¬

series,

-

1,

Co.

Gas

Citizens

Axle

&

(October).

stock,

(November).

COO,000

'

20-year 3%

■"

Williams & Co.,

000

1942-April 1, 1952, $5,900,000 (April).
.'.
Cbntral West Utility Co.
(of Kansas) 1st mtge. sinking fund 3V2%:
bonds, series A, due Jan. 2, 1957, $275,000 (Feb.).
Champion Paper ^ Fibre Co. 3%%
1st mtge. bonds, due 1957, $11,serially

4%

mtge,

.

/

;
European War, these offerings'
extraordinarily large in some months, un-'

lateralized by. American securities.

1,

Woodward

\..IV

preferred

1st

334%

bonds,
•

public offering of the securities in¬

.

$2,050,000 (August).
Central
Indiana
Gas Co.
1st mtge. 4%
sinking fund bonds, series
due 1962, $3,750,000 (December).
Central
Maine
Power
Co.,
unsecured 2(4-2%
and 3%
notes, due
1943-1952, $5,000,000 (December).
Central New York Power Corp. 2%%
general mtge. bonds, due 1965,
$1,000,000 (Feb.).
.........
•:
Ctotral Power & Light Co. unsecured 2Vz%, 2%%
and 3% notes, due
4%

Co.

Co.

(April).

Ohio

■

,

a

; questered from

bonds,.

Co. of Pa< 1st mtge. bonds; series "A", 3y2%, due
1965, $146,000 (December).Vermont Utilities, Inc., 1st mtge. bonds, series A
4%, due Jan, 1, 1967,
.$150,000 (May).
'■
■.:■• /:."7-7:-

Carey Mfg. Co. 3%% debs., 1954, $2,000,000 (June).
Co. 3%
15-year debentures, $4,000,000 (August).

(Fhilip)

Water

$5,500,000
Telephone

Carnation
Carnation

sinking fund

mtge,

by making

so

was

••'.

Bag

Sept.

■

$350,000

1961,

fund

\

,

owners

ment in

,

sinking

occasion that

on

doubtedly due to the activities of the British Govern-'

debentures,

(February).

(November).

(June),

line

had

debentures,
■

30-year

Financing—

After the start of the

United

(October).

California Water Service Co.

of

pipe

mtge.

(August).
Union

•

(August).

30-year

,

234^

$350,000

Oil Co.
12-year 3xk%
1st mtge. 'sinking- fund debentures,
$2,300,000 (August).
•
Sunray Oil Co. 5-year 2y2% 1st mtge. installment notes; $2,200,000

,

5-10 year serial 27/«%

3V<t %

bonds,

equipment trust certificates, due 1943-1952,
•
'
4.' ■

1st

Co.

$254,000

Co.

Timken-Detroil

.

Co.

1956,
Oil

10-year

New

volved. 1

■»

1st

$970,000

2y2%

(Mo.)

due

Sunray

.

Power

Co.

J,

•'

1956,

Gas

City

series

*

Co.

happens

to do

certificates,

Co.

Telegraph

Co.

Gas

$3,650,000

$15,000,000

■

Representing

of large blocks of
securities which have been outstanding for some time,
desiring to liquidate all or part of their holdings, prefer

...

.

trust

car

.

Abraham & Straus, Inc., 3% notes, due Oct. 1, 1950, $1,500,000 (Feb.),
Addressograph-Multigraph Corp., 10-year 3 'A %
sinking fund deben¬
tures, due 1947-52, $500,000 (March).
.
Allied New Hampshire Gas Co. 1st mtge. 4 % bonds, due Jan. 1, 1957,
$75,000 (May).
"■
Aluminum Co. of America 15-year 3% debs., $30,000,000
(June).
Bastian-Blessing Co. 1.50%-3.10% series A debentures, due 1943-1952,
$1,000,000 (July).
Bedford Pulp & Paper Co., Inc., 5% debenture notes, due Dec. 1, 1960,
$289,000. (December).
Bell Telephone Co. of Pa., 1st & ref. mtge. 2%.% bonds, series "E'\
due Feb. 1, 1973, $35,000,000
(December).,
Bloomingdale Brothers, Inc.; 3 V4 % sinking fund debentures, due Oct, 1,
1954, $2,000,000 (July).
Boise Water Corp. 20-year 3%% 1st mtge. bonds, $950,000 (July).
Brockton Edison Co-. 10-year 3% notes, $1,900,000 (August).
...
;
Bfcockton Gas Light Co.
10-year 4%; (registered) notes, due Nov, 1,

Oregon

1,

Standard

reported during the year 1942, together with a summary
of the figures for the past several years:
1
*

$750,000

It

City,

Supply

&

(March).

Union

Springfield

Following is a list of all private issues which we have

1952,

.

.

:

due

Pacific

$2,830,000

ought also to be made clear, to avoid any misunder-.
standing of the figures, that the compilation is only of
security issues and does not include either long term
©# short term bank loans.

California

Natural

Southern

Water

Telephone
(August).

series,

Southern

and public issues in
capital flotations.
It

between private

Y.

234%'

Corp.

(Mass.)
(August).

Bell

Southern

relatively few large purchas¬
ordinarily insurance companies and banks. No dis¬

rectly by negotiation to a
is made

N.

,

Line

Car

$300,000

sales, it might be well to explain, comprise
those securities issues not publicly offered but sold di¬
ers,

Hospital,

(April),

(August).
Southbridge

Private

tinction

-

serially to 1953, $1,200,000 (July).
■
•
Snap-On-Tools
Corp.
1st mtge.
33/4-4'/4%

1942 than for any of the pre¬

,

Vincent's

(March).

.

dollar volume of private financing
for 1942 is the smallest since 1937, the percentage of pri¬
vate issues as against the total aggregate of corporate

Issues Not

Special Offerings

15-.yeqr 1st, pitge. .3% • bonds,
$1,800,000 (January),
'
\
•'
•
'* •••'■,
v.
»•
Sheller Mfg. Corp. 3y2%
sinking fund. debentures* due Jan. ,2, 1952,

ber of issues and the

financing is greater for

$1,386,000

D,

'

,

$475,000

Philadelphia

in 1938 and 18.7%
although the num¬

30.2% in 1940, 33.2% in 1939, 31.8%
in 1937. It should be pointed out that

Suburban Water Co, 1st mtge 3'A% bonds, due Jan. 1,^
(July).-Transportation Co. - equipment trust: certificates, - series

Philadelphia

piling these figures separately in 1937.
The 1942 total
of issues placed through the private route amounted to
40 8% of the total and compares with 36.6% in 1941,

Monday, January 25,1943

50,000,000
338,998,POO

263,429,000

i

War Savings Bond sales in December aggregated
$1,025,567,010 and sales of Tax Anticipation Notes $1,312,307,125.
......
...

In

1942 the gross

debt of the United States

from

rose

Dec. 31, 1941, to $103,169,898,432.
These figures do not include $4,301,021,834 of guaranteed
obligations not owned by the Treasury.
$57,933,123,097

on

.

In the tabulations which

follow*

ury's financing activities for 1942.

we,

,

outline the Treas-r

Volume

TREASURE* FINANCING

STATES

UNITED
Date

-

Due

DURING

Applied f°r

Security

'

.

!

Yield;

(Price

Total Amount

'Type of

I'M;'
Dated

Amount
Accepted,

Amount

;

'

Dated

©ifered

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4145

157

%

$

Dec

;

Refunding

.

first

months___

6

!

_

503, 206,000

; 91, day Treas: bills

350, 874,000

July

1

91 days

671,366,000

301,^50,000

99.909

3

July

0

91 days

046,058,000

300,056,000

99.908

July 15

91 days,

650,704,000

301,186,000;

99.908

*0.365

days.

697,266,000

351.861,000

99.907

91 days.

645,242,000

350,308,000

99 907

July 10"

July 17

,r

91

July 22

July 24

July 29

Julv

•

,

9Vh'yrs:

3,843,495,500

July 1-31 July

1

10-12 yrs:

1

12 years

July 1-31 July

1

2,097,279,400 100

915.112,618

July 1-31 July

8

July 15

'

Total

July..

Aug 14
Aug 21
Aug

3

■■

■

!"

•

for

■■

.

99.906

350,648,000

99.905
99.906

891,602,000

1,236,107,300

352,883,000
1,236.107.300

99.907
100

3,272,818,000

1,609,327,000 100
705,498,769

417,944,100

417,944,100 -100

*0.367

99.907

:■

99.907

1 *0.368

Sep

16

91 days

882,351,000

402,059,000

99.907

Sep

18

Sep

23

Sep 25

Sep

30

10

Sep

21

10

Sep 25

Sep

1-30 Sep

for

12

5.

for

99.906

{■ 1

1 T i

761,936,949
5,910,000

6

months——

1,

1'

1

2 yeafs,

929,302,650

100

(

929,?02i650,

b

7

._X_X

10,150.000

Oct

Oct

7

Oct

14

Oct

16

Oct
Oct

28

99.907

713

102,000

400,438,000

99.906

1

984

842,000

505,072,000

99.906

i *0.37,3

893 167,000

91 days

■

*0.369

400,572,000

504,529,000;

99.906

,

21 r 91 days;

Oct. 23

91 days

f

*0.373
2
}'•'

Oct

8

Oct

19

8-10 yrs1

1,960, 785,000

1,960,785,000 100

8

Jun

5

4 yrs 2 m.

2439 892,600

2,139,892,600 100

1

10-12 yrs

942, 155,457

942,155,457

a

7 870,000

7,870,000

100

2

921,352,300

100

Oct

1-30 Oct

Oct

1-30 Oct

12 years

Oct

1-30 Oct

2 years

921

352,300

■

239,815,000

J._i

[28,655,000

'

Total

for

October

Nov

Nov

—

91

4

days-

'X™X_„_
Notes ;U-PULJ-'I JU_t; •
» 1 "Xxxx; ■ :x]xx-;
•t
Total.October XXXxX

j" .November—

10,080.000

'

'

1.013,151,000

501, 485,000

99.907

91

1,157,405.000

501, 422,000

'99.906

91 days

99.907

*0.370

Oct

Nov

2

,1 year

1,149,026,000
3,105,014,000

501 ,722,000

42,818.000' "- ; 247,164,000

..5,090,000'" !

(Preferred

!

2,035 131,000

100

Nov 1-30 Nov

1

10-12 yrs
12 years

741,207,848

741, 207,848

a

Total

for November.

1

27

Dec

2

91

Dec

4

Dec

9h

91 days

2

1

•'

;

-

»

j 102,685,000

'

503,206,000

99.907

504,821,000

;

99.907

*0.368
*0.367

Dec

17

Dec

16

91 days

1,293,757,000

600,722,000

99.908

*0.364

18

Dec

23

91 days

600,709,000

99.908

%

computed

I

i

30

91 days

602,950,000

99.908

*0.365

yrs

2,826,714,000

2,826,714;000

'5% yrs

3,060,711,000

3,060,711,000 100 :

Dec
Dec

Nov 30

Dec

1' 21-26
1'

'2V2;

:

100

va:
■

Nov

30

Dec

1-31 Dec

Dec

1-31 Dec

Dec

1 year

3,795,339,500

3,795,339,500

1-10-12 yrs
12 years

1,025,567.010

1,025,567,010

a

18,990,000

100

'

1,312,307,125

1,31.2,307,125

-X

December..

Total

for

12

mont.hs.__:

b

tpe

100

3,

and

about

Series "A

0.48% ; and

series C»

earn

about

USE

OF

1,07%

Total

first

FUNDS

..

'

,

a: year,

July

8

July 15
July 22
July 29
July 15
July 1
July

July
Total

'

.

91

;.,v-

,

'•,«

•;

J
; ';
mcrithS—J—19,369,446,427

day Treas. bills

series

1

p.""'?. '

'

.-

J.

■

5,338,303,600

bills
91 day Treas. bills
91 day Treas. bills

Aug 12
Aug 19
Aug 26
May

5

Aug 15

301,186,000
351.861,000
-351.861,000

:»

2% Treas1. bonds_
U. S. Savings bds.
Depositary bonds,
Tax anti'n.
notes'

■

350,308.000

;

*'/

•

.

'

»

i i..i

1

Aug

Aug
Total

.

' 4

Sep

2

Sep

9

Sep

16

Sep 23
Sep 30

Sep 21
Sep 25
Sep
1
Sep

Sep
Total

,i". '

;

1

p.'v

;

915 jl 12,618

:

450,256,000

;4,557,704,918

352,511^00

150.400.000

:!■;
•'

*.
'

*

(

4

r

\*

i

1
1

>

;

.

350,648,000

i '

•*' 'i

.

„

t,

•

)

a •"

*

i.::.,

1

'

705,498,769

7G5;498;769

7.031,000

7,031:000

417,944.100

417.944,100

4,480.605,169

9q3,754,000
251.301,000

300.993,000
301.249,000
301,758,000

1

.

101,066,000
98,788,000

1

*

I

{

i

I ••.

J

•

,»

-

I

i

I

i.

i

t

i

,»

''

■

t

-

./

v-'i ' 'S;

■■Y:'

'■

;*'

»

j

>

■

i

-i

»■-1

'<

91

day

Treas.

bills '!

505,072.000

351.862,000

day

Treas.

bills

504.529,000

350,308,000

.154:22t.noo

Savings

1

1,960.785,000

notes

antic'n.

2,139,892,600
942,155,457
7,870,000
921,352,300

bds.

bonds-

1

942,155,457
7,870,000

1

921,352,300

notes.

October

7,782,666,357

day Treas.

bills

>

day Treas.

bills

1

500,044,000.
501,485,000

1,303,412,000

147,533.000

350:648,000

91

day Treas. bills.

501,422,000

352,409.000

91

day Treas.. bills

501.722,000

352,883,000

|

'

V

;. ."

»

.

Oct

28

Ctfs

of

indebted.—

2.035,131,000

1,507,000,000

528,131,000

2%

Treas.

bonds

Depositary

bonds_

Tax

Total

for

antic'n

notes

November

-

,

deben-

.

New Financing

50.000

shares

of

6%

preferred

Electric

by

Barney

Co.

$40j/4.

Co.

&

par).

(no

Barth

5V2%

Co.

&

debentures.

Co.

6,700 shares of common

$130 per share.- Originated with
Laird, Blssell & Meeds.

Price

&

and

5%

Corp.

J.

Arthur Wiesenberger &

Nemours

$20).

(par

stock

common

Originated, with

share.

per

Pont <10

du

/Price,

and

L.)

1,500

Co.

Offered

of

shares

Mackubin,

by

capital

Legg

&.

stock.

Co.

shares' of common stock (par
$1).
Price, $315s per. share.
Originated
With
Smith,
Barney ,& Co.,, Hayden, Stone, & Co. and White, Weld
& Co.
;
v
,.X

'

Green

t507,834 International

:
..

.

hill,

Noyes

3,728

Co. 65.527 shares of common stoclk
$734 per share. Originated with Hemp-

Paper

Price,

$15>.

(par
.

Co.

&

Co.

.

i

:

90,000 Lionel

purchase of
2.75% accord-..

to

Allyn

>

^

,

■,

Co.,

&

Inc.

Gftsf

part.

Price,

&

-..-v.

,

,t

;f

Co-

:

^

Master
$1),

96,875

x.x"

'
4,100

Co.

Co,

Electric

Price, $235s

(G., C.) Murphy
t'no par). Price,

&

ty

Seciirltlfes Cokp, '
'

t

•

v;

>

(no

Wertheiih

'

shares of

stock

com.

(par

$1).

shares

Of common stock
(par
Originated with Riter & Co.

share.

Co.

1,550 shares of common stock
per
share.
Offered by Mellon

$62.50

'

America

65,000 shares, of capital stock
'Pa? 55), Pr)ce, ,$27 per share. Offered by Boettcher &
Co. and Laurence M. Marks & Co.
:
t....

190,200 Procter

;Mutual

of

stock

Originated with Riter & Co.

'

:..i.

:

Co,

:■

1,650

per

;

-

&

9,000 shares of common
per-share,; Originated by

■'

1,755,000 Potash 'Co.
v

Emanuel

and

Price, $22:,4 per 'share.

T38,981

Mutual

shares of capital1 stock.
Price. '$«)
by Granbery, Marache & Lord, A. C.

Corp.

S7.25

t93,275 Master Electric
(

3.,= Prudential Insurance)

,

Offered

t65,250 tone -Star

;

3.0,000

Corp.

share.

per

.P%,!-.:,'/:P

8,664,000

j

1,902

Gamble

&

('par $100), Price,
Barney ,& Co.,
.
.

.

shares

5%

of

$1201 per share.
' « -• •

preferred

'Offered

stock

by

Smith,

.




2,655,847,348

refunding

48,750 Providence-Washington
,

'

f

11,745,183 Sears,

power

'

&

"""v',.-

1862,500 Standard
•'!.( X

'%

Co.

1962.

list

Co.

insurance

an

Guaranty

X,

!

"

^

mtge.-

t
\
I.

'
-

■

:

4

>

!

Z1

privately,

due

Gasf

*2^000,000

series,

1962.
j

Purpose,'refunding.

;•

;

,

'mtge:

Purpose,

!

Gas <Co<
1962,

due

■

bonds

!

■

;

-.

of capital stock
Originated with
-•*'
.

i

.

shares of

common

stock

x::X'.X- ' -■:
X,.,.
5,818 shares of capital stock (par
per
share. .Originated with Shields

'

•;'

-

:(Calif.)
Price, $48.50

Read & Co.

x

27,000 shares

Oil; Co.

per

share.

j

stock

-

Lehman

(no

par).

Price,

of

capital

Offered

by

stock

Dillon,

1

Corp.-22,292 shares of

Century-Fox Film

mon

$14.75-per

share.

com¬

Originated

Brothers.

1125,66X Twentieth Century-Fox < Film t Corp. 4,810 shares of $1.50
preferred stock (no pari; Price, $26V2 per share. Origi-

sinkihg(

refunding.

•

t

;

.

'X

r

1st

mtge.

bonds

Purpose,-refunding.

(no

Service

sinking

Price,.

1st

Co.

fund

10134.

mtge.

series,

par).
ney

Sold

&

privately

Gas

1972.
to

Corp.

Price,

common stock
ipar $1).
Originated with Reynolds & Co.

7,000

$117

shares
per

of

$?•

share.

.

1st

preferred

Offered

by

stock

Blyth

&

&

1101,875 Yale

Cq.

&

stock

•

Towne

ipar

Manufacturing'Co. 5.000 shares of capital
Price, $20% per share. Originated with

$25)'.'
Co.

trust,

Purpose

three

Brothers.

12,000 shares of

share.

Wrigley, Jr., Co, 2,000 shares of capital stock (no
Price, $56' per share.- Originated with. Smith, Bar¬

Shields &

collateral

per

Inc, i

1112,000 (Wm.)

4%- sinking fund
Price, 101. Placed

due

$6ty

par).

'j, Co.,

>

3 34%

Price,

700,000 United

;

,

Lehman

With

179,500 Twin Coach Co.

sinking fund
Price, 101. Placed

;

nated

!

:

4%

.

Public

bonds

refunding.

insur¬

$15,411,919
"Indicates

issues

placed privately,

vindicates

special

offerings.

companies.

*146,000 United

Telephone

Co.

of

3^2%, due Sept. 1, 1965.
103.

Sold

ance

$62,046,000

:

$25),

1328,807 Twentieth

Price, -1021/*,;.

4

Corp.1 1st

1962;
,

Maine

ance

$5634

Price,

(par

Inc.

Drug,

'

County Electric
Light Co. 1st mtge.
bonds
sinking fund series, due 1962. Purpose,; acquisition
constituent, company
($200,000);, refunding ■ i$l,100,000).»
•Price, 100V2. ,Placed privately with- four' insurance com-panies.
-i

privately.
,

>'

■

series,

Sold

(*500,000 Lynchburg
.

5,000

-

X".

&'-co.'

X

.

i

."

•'

•

Spring Co.

Steel

1,309,500 Superior

Trust Co.

4%

'

shares

^'share.

per

-

.,

..'

bonds

20,000

$43 Va

Dominick.

&

with

1st

J.)

(N.

'Pricei

Co.

$10).

cdmpany.
Utilities> Co,

28,846 shares of capital stock (no
share.
Originated with Goldman,

per

$5). Price, $235a per share. Originated with Singer,
Dbahe & Scribneitybut' 4,800 shares placed by Shields

t330,172 Sterling

($1,500,000),

of

Blytii

XX'.

■

.

by

(par

Co.,'

mtge. bonds 4(a sinking-fund series,»
refunding. Price, 102. 'Sold privately

Co.

shares

Offered

i

Co.

Oil

118,225 Standard

:

($3,500,000);and

•/
&

$60Vi

;$25),

Dominick

:

Co., unsecured

institution

Purpose,

h (par

;t,.

!

2%3%,
notes, due 1943-1952,: Purpose, pay bank loeins' ($1,602,856),'refunding ($3,397,144).ISold privately to The Trav-'
associated

Price,

1,500

,

share.

per

Sachs & Co.

($1,247,154).;
Corp.,

Biostbrt

Gilman

H.

Insurance .' Co.

$32ty

Price,

Roebuck

par).

($11,252,846), pay.

purposes

Charles

Co.,

Co.

capital jstock;

:

-

.v'vvv'y.dr Co., Jnc^ ;■■ y

3^4 %•

8,664.000

2,915,451,000

4%' "sinking:
102.

refunding, i Price,

*1,300,000 Houghton

781',622,500

5,571,298,348

bonds'

mtge.

Offered by The First

Securities

Maine

series; due
privately.

741.207,848

741,207,848

781,622,500

1st

Purpose,

Putnhm &

Inc.,

Maine

•'350,000 Hoosier

148,839,000

1

Co.,

*1,400,000 (Florida. Public

.'

149,013,000

25

Nov.

I.

Smith,

.

Harris,' Hall :& :Co.' line;),' Tucker Anthony '& Co.,*
White,-Weld & Co., A. C. Allyn & Co.; Inc., Paine, Web¬
ber, Jackson & Curtis, Arthur Perry & Co:, Inc., Horn-blower *& Weeks, Whiting, Weeks & Stubbs, Inc.; Bodell

to

150.837,000

18

Nov

Nov

(E.

-

Purpose,

for corporate

and int.

*100,000 Citizens Gas

6,479,254,357

352.511,000

Nov

Nov.

consolidated

,

America

privately

stock
-

'1117,898 (H,

--

Insurance
Co.,'
and
New
England

Purpose,

incurred

due

i

91

-

(

:

1,960,785,000

2,139,892,600

Treas. bonds_^

1962.;

loans

and

153,210;000

91

12

1871,000

trustl certificates

equipment

Co.

>

,

1972.'

due

fund

21

U.

p 'p:;

Life

Gas? Co.

:due

5.910,000

929,302,650

28

Depositary

Co.-

elers-Insurance

»■ J

99,252,000

1

Agency Issues
Banks

Credit

'

■';;"V ':-P-■

from 1.15%

Mutual

Indiana

series,

3'as,

and

761,936,949

301:186,000

Oct

subscription.

agent.-

of

Co.

Slates

Placed

Maturing V Later

;

1944-1953.

yield

Insurance

Life

f s.ooo.oop Central

1,505,727,000

400,438,000

Treais.

Government

fiscal

$261/2

*612,000 Central

Inc:,

100,516,000

1 Vz%

serially

due

Price ,107,%

1

J.

■

1.606,178,400

300.056,000

2%

for

stock (par $100). Price, $108 per share. Offered by Mellon.
Securities Corp. .

■

-;yy.

j

1

(Issues

2-214%

Pacific' Co.

Life Insurance

bank

99.530,000

400,572.000

8

York,

(Price,

and

Placed .privately. With five insurance companies,- .<p. p
1st & geh. mtge. bonds, series,

f

50;908.000

300.380,000

5,258,919,999

8

publicly

t31;058 California Ink Co. 1,172-shares of

pj . YuT.'-k*^:'lCpffiA-'iKt!BUrr,:- -«nc>, iBlyth-& -Co.» Ine.v Kidder,, Peabody.
i -V'.i ;&::Co;vF.! S. Moseley, & Cb., stone :&! Webster And Blodget,

99,573,000

1,455,68.1,000

Oct

Notes

Assurance-Society of U.

Lifd

ble

M

•

Oct

Nov

Fund,

jl 2,500,000 Central' Maine Power' Co.'

'

Oct

91

Corporation.

v

,.

'

.;

Telephone

fund

.

6,714,600,999

bills

and

U,

f 3,750,000 Central

99.956,000

250,692,000

September—p
day Treas.

MANUFACTURING

Issues Not Representing

Service:

National

Corporation,
pi).

Insurance

P-v;-RAILROADS

Benefit■;

.

350,874,000
'35i;288.000
91 day Treas. bills
402.059,000
91 day Treas. bills >
400,037,000
91 day Treas. bills
401,288,000
Ctfs. of indebted: .1,505,727,000
114% treks, notes 1,606,178,400
U. S. Savings bds,
761,936,949
Depositary bonds5,910,000
Tax antic'n.-notes » 929;302,650

Oct

New

.

Co. of Pa. 1st & ref. mtge, 2%^' bonds,
series'E, due Feb.! lf ; 1973.' Purpose; refunding, Price 98.;
Sold privately to Metropolitan Life Insurance Co., Equita¬

202,111,000

91 day Treas. bills
91 day Tretu?. billd '

for

Retirement

Fund(

PUBLIC UTILITIES

&

91

4

Service

Insurance

'Than Five1 Years)

.

(2,220.000

5,384,359.169

14

1

*$35,000,000 Bell

388.179.900

•

August

Oct

stock

i

.

'

2,220.000

bills

Total

Foreign

Life

Insurance

P. |

915,112i618

388,179.900

«

U. S. Savings bds.
Depositary bonds..
Tax antic'n. 'notes

day Treas.

Offered

and

$5,000,000 Aluminum

•

100.683,000

91

Nov

2,049,982,000

i

2,097,279,400:
■

,10l,947,0p0
;1,236(107,300
1,609.327,000

Tax

4,035,651,000

'!

-

delphia, .Fidelity

2^1,726,000

7

Oct

6,085,633,000

»

.

200.183,000

,250,936,000

S.

,! 244,570,000

J

Co.^ of., America, :John! Hancock 'Mutual Life Insurance
po.r (Sum tLife: Assurance; (Co.s «of "Canadap Mpntreal,'
Canada, > Providehtj Mutual Lifb' Insurance ,Co. Of; Phila- •

352,409,000

Oct

Oct

28,670.000

-ing• to unaturity: Offered by Harris, Hall:Co,' (Inc.),
;
j
:
Alex. Brown & Sons, :Jpi H. Rollins & Sons, Inc., Tucker, Anthony &; Co., Graham,,Parsons :& Co., The Illinois Co..
'-"'-'y of Chicago, The .Wisconsin Co., A.;;G. Becker &' po., Inc..
i i i Bacon, .Whipple'& ,Co.i Kebbon, McCormick & • Co. and
Blair, Bonner
Company.
"

Pj
P

-151,113,000

91 day Jregs. bills352,883,000
25^% Treas. bonds ,1,236,107,300
1,609,327,000
Ctfs. of indebted,

for

■(

185,.670,000

273,240,000

"201,803,000

-

day Treas. bills
91 day Tfeas. bills
91 day Tr'eas
bills
91

for

(

28.570.000'

214,240,000

equipment, Priced to

•

15,007,960,918

I

I

'150,073.000
150,058,000
150,125,000

;i

i

11943; $30,215,000 0.80%, dated Jan. 2, 1943, due Oct. 1,
; 1943.
! Purpose,
refunding
($34,245,000);
new
money
<816^720,000).' Price, par.
Offered, by Charles F. Dunn,

58,900,000

.

series

f

i'..j

300,056,000

•

Aug

1

100,000

;

Fund,.

Loan

$3,950,000 Southern

'

2,097,279,400
■

July—*——
•

&

1 p.,;,

301,758,000

300,056.000
■»

91 day Treas. bills

•

5

:

:

■

Federal; Deposit

' v

'•.

' V

14,031,ii42,827
;

whilo

par,

common

'

"

Indebtedness

301,758,000

i

91 day Treas.

r

Aug

Fund,

Bonds

1

.

1

59.000,000

'i

—

vi

'

;

*

July

Farm Loan

Details of New Capital Flotations During

■

i
'

$100.

$20,750,000)Federal i Intermediate

give complete details of the capital flotaDecember; including every issue pf anybrought out in that month.
i

p

i'"'

v'/f ,' •

•

(

30,215,000]tures, $20,750,000 0.70'), dated Dec. 30, 1942, due July 3,
;:

Governments

Savings

Long-Term

Refunding
; • • r
. .
:■,'

at

classes of

;

4

New

Accepted

6

202,116,000

•

Retirement

Insurance

kind

T

Total Amount

Security

'/.'•»V

.•

21,170.000

December, 1942

about ,T,92%

AND

60,375 Federal' Insurance

64,682,368,852

.

Type of
•

11,211,000

Below-we

r

a

series C-1945.

Dated

21,075,000

iions during

1

of six separate issues, designated Treasury notes - of tax
A-1943, tax aeries E-1943, ,series; A-1944, series B-1944, series

A-1945

months--

.

System,

Federal

Comprised

series

;

Capah Zone, Retirement Fund,. Alaska^ Railroad Retirement Fund, Postal

bank discount basis, a Comprised of three sepa¬
rate series, of which series E .have 1.0-year .maturity; are sold on a
discount basis at» 75, and yield 2.90TJ?; 'series F have a 12-year matur¬
ity, are sold on a discount, basis, at 74, and yield 2.53%: and series G
have a
12-year maturity, are sold at 100, and bear 2'.4% interest,
♦Average rate on

INDUSTRIAL

taken

are

Texas Salt Water Disposal Co. 19,750 shares o?
stock i ipar: $100».
Purpose, construct facilities
and I purchase; system to take off salt water in oil wells.

.

2 years

for

Stated' par' value

'

'

——X—

14,852,036,635

1-31 Dec

Minn.

Purpose,
according to

190,905.000

95.000.

%',

Service

Savings

b

Total

Cloud,

int.

Ziegler, & Co.

'Comprises'sales of special series certificates and notes;; certificates ;

2

100

-

C.

B.

St,

1943-1953.

and

common:

'

'

I:'.''

a

18,990,000

1 v

Dec

Padua,

101

to

no par value and dfl
their offering prices.)

at

OTHER

<

;

soldi to Adjusted Service Certificates Fund and; Unemployed Trust Fund,
and;notes to;Federal Old Age and Survivors Insurance Trust Account,

*0.363

Dec

1,220,406,000
930,278,000

24

by

of

bonds, due

100.25

Offered

a

are

.

75,524,000

27,161,000

223,286,000

■

:-._X_

12

ETC.

preferred'stocks of

Price,

'

December

Civil

Dec

Nov 30

1

'

»

Total

ib

100

1',220,276,000
1,222,832,000

days'

3,

insur¬

%

5,571,298,348

Nov

L——

'

Total

a

100*'

8 ,664,000

781 622,500;

Sept.

four

Ziegler' & Co.

C.

serial

37;614,000

22,071,000

59,685,000

191,000.000

ty.

Offered ,by B.

of

stocks

;

37,910,000

,

*

'

8,664,000

due

to

Stocks
(

M

j'

.

December^-r --U-.-n

*0.371

25

781,622,500;

privately

h

$1,975,000 East

November. _XXX_

-

maturity.

1

__,._X—_

Notes,

90 days

18

Nov

years

J

X

:

*0.373

12

Nov

2

ser-

Pricu

6.920,000

32.286.000

Total

L

Nov

Nov 1-30 NOV

due

Kalman

-

BUILDINGS,

240,244,000

43,000,000

Certificates X—X„<.XJ

6

Nov 1-30 Nov

bonds,

by

3,

through.

$320,000

32,738,000

Notes

Nov 20
28

Co.

refunding.

Offered

Sold

h

i

Certificates

Nov 13

days'

secured

Sept.

facilities.

to

137,509,000

17,000,000

I

! 289,982,000

*0.373

99.906

500, 044,000

etc.

fund debentuhes,

sinking
refunding.

LAND,

maturity.
'

56,146,000

'

September

1 Va'

7,782,666,357

-

905,637,000

quarterly

Purpose,
int.

3Va%

Co.

; 1st ref. mtge. 3 %
refunding.
Price.

.

1 *27,391,000

272,982,000

-

1

X

'

.»

164,900,000

\

j.

1

|

10.Q.000
56,046,000

193,655,000

i__XX

Total

rv

Oct 30

Inc.' 4Va%

125,000 The Chprch pfi Sty Anthony

*

''

165,000,000

_.

!.*'>,!

1

•

a

.

due

additions,

Adalbert's. Parish, Grand Rapids, Mich. 1st ref. mtge.
(2-2Va-3-3Vh'%V serial
bonds,
due,
1943-1954.
Purpose,
refunding.
Price,
3.00.25
to
101 and
int.
according V)

1

,

b

.

ami

$195,000 St.

,216.965.000

'28,675,000

268,490,000

■

Certificates

*0.373

Oct

Herald,

Purpose,

1

22.850.000

-

"235,490,000;

__XxX—'■.
1
:
'

August

j

1

773 618,000

91 days

2

Inc,

'

note,-

Purpose,

...

i

!

Notes,

1.

$7,159,000

'; 18,525,000

.33,.000,000.

„

t! '-V'

■

$

October—
Oct

dun

companies.

Net Issued

; 903,284,000

6,714,600,999

L—

Forks

*4,500,000 Kendall

1

—

Certificates

2.'

,

i.

334 '>

1955.

1,

Sept,
l,
1943-1952.
(average):
102.1073%
and
Co., Inc.

1

September—

VA
a
...

|

$

3,831,011,000'

4,734,295,000

July xX__XX>

-

Total
«

a

170,000 Grand

ance

0.65

5,910,000 100

761,936,949

notes,

Coffin <fc Burr,

privately

1957.

Retired

Issued

by

i' ially

50,409,965,253

1942

Offered

int.

with Mutual Life Insurance
^Goldman, Sachs &.Co,

IS),946,490,635

months—
64,682,368,853 14,272,403,600
»
:
► ;
*INTRA-GOVERNMENT FINANCING

iXXxXuX.ty_X—

r.

*0.373

2% yrs

—

S

1,905,546,000

14.852,636,635,

*0.370.

99.906

12 years

September

i

:

.1"'

Total

•

Total

i

I

■Notes

400,037,000

10-12 yrs

Placed

1,312 ,307,125

I. August—;

*0.369

1,505,727,000 100
1,606,178,400 100

307,125"

1946-Dec.

.

'

Certificates

401,288,000

795,564,000

1,992,483,000
3,636,638,900

>

18 ,990,000

1,312

and

*1,500:000''Federal-Mogul Cdrp.

1,025 567,010
; 18 ,990,000

1,025, 567,010

'

notes

December——

Total" first

i

351,288,000

•

bds.

bonds.

for

Notes

350,874,000

debenture

""

;

'709,828,000

•'

Savings
antic'n.

Certificates, X'X-'-X'

b

'J

872,936,000

725,763,000

Tax

July—

days!

1

S.

Depositary

$

91 days

X

' U.
1

I

.5,384,359,169

days

1

'

In**. 5L

1

3,060 711,000

■

MANUFACTURING

Whiting, Weeks & Stubbs, Inc,

3,795 339,500

-

91

1-30 Sep

3,060, 711,000

1

2

7,031,000 100

Price, 993i

j

2,826, 714,000

2,826, 714,000

a

a

198, 663,000

; 200 672,000
! 201, 662,000

'3,795, 339,500

Total

,

91 days

bills

.

705,498,769
7,031,000

7 m 9 dys

Treas.

I

; 2Vi '/(> Tre^s; bonds

2V2
7/s

9

1-30 Sep

30

*0.372
0.369

2 i

Sep

401, 288,000

'*0.372

352,409,000

Sep

Sep

602, 950.000

*0.372

Sep

Sep

day

5.007,960,918

Sep
2
Sep 11

Sep

91

059,000

!.-

Aug 28

91

30

153, 533,000

*

Treas.

total

352,511,000

August.——_l

i

400 037,000

day Treas. bills

b

■

Total

402.

600, 709,000

Defc

711,549,000

6
Aug 15 "11 */a mos
Aug 1-31 Aug
1' 10-12 yrs
Aug 1.-31 Aug
1
12 years
Aug 1-31 Aug
1 ' 2 years'

600. 722,000

Dec

594,007,000

Aug

'

—

bills

day Treas. bills

Dec

582,960,000

Aug

7

Aug

.J

—

5 r 91 days'
Aug 12
91 days;
Aug 19 ' 91 days
Aug 26
91 days
May 5 20-25 yrs

July 31

100

'

2

388,179,900

388,179,900

351, 288.000

day

91

Nov

a

100

915,112,618

2,220,000

2 years

2

a

.2,220,000

504, 821,000

91

30 ; lty % Treas. bonds
Nov 30 ; 7/a!c'ctf; of iiidebt.

*0.368

*0.369
-

91

Nov

*0.365

July

9
16
23

Dec

*0.360

AND

Pap»r Co.,

Pulp

1, 1960.
Purpose, refunding.
Placed privately.
700,000 Bedford Pulp
Paper Co., Inc. Dst closed mtge. 5% sink'.ing fund bonds, due Dec. 1, 1949'.
Purpose, refunding,

152, 332,000

,

Dec

19,369,446,427

26

"$289,000 Bedford

S

Dec

Total
Jun

iS'Dl^TKlAt

OTHER

Indebtedness

S

.

Dec.

2

Dec

i

New

;

Accepted

\

305

Co.

Pa.

1st

mtge.

bonds,

series

Purpose, pay bank loans.

A

Price

privately'to John Hancock Mutual Life Insur¬

In the
we

comprehensive tables

compare

with
.years

those

on

the succeeding page

the December and the
for

the

12

months' figure

corresponding periods in the foe

preceding, thus affording

a

five-year comparisoi

O

O

S

w

S

w

o

>

f

a

>

o

>

o

w

o

o

w

HI

K!
ft*

Co

I—»

cn

(—1

1—4

55

o

I—I

3

3

Cu

$

150, 0

270,1420 2,7528 3,798,09

Refundi g 26,019 150, 0 10,973610

4,094510 1,751675 3,798,09

Capit l

New

Capitl

$

New

Total

$

21,6 50 3,54L80 5,610,627

30,78057

36,870 1,0 ,0 48,0540 10,5 840

$

Total

$

59,06154

'

57,1035 5,0 0 16,570296 1,32 067

Capitl

New

Total

CORPATE,

25710, 18,43518 102,596072
ibsyo b 42,83024

$

73,450 1,975~60

Capit l 8,64,01
S

New

1,975~6O

50 ,0

GORUFPIN

'

12,03 0 193,650 21,50 0 20, 0 1,20 70 4,0 ,0 84,50 0 36,870

1,0 ,0

1,0 ,0

3,195,0

$

—_

418,0

5,916,504

26,59215

15,24970

386,0

1,06,18

195,87158

4,90,316 9,15 , 07 5.98,0 5,760 8,410, 0 5,67,41

32,0 0

4,90.316 30,78057

6,509,708 60, 0 19,20

15,804980 58,91 240 12,03 0 26,10 21,50 0 31, 260 ,20 4.0 .0 10,34980 396,78240
1

2,"57^0 I,~67"5b0

3

217 40 15,092 0 18,4250

-194

Refundi g 37,950" 15,49750 3,8570

Capit l 27,450 2,582,0 15,8250
New

Total

$

3,950, 0 62,04 0

7,159,0 "320, 0

351,40

5,0 ,0

5~0 ,0

1,31,0

Refundi g 58,49~ 0 5,69,0 ~ 3~2 0~,b0

1,7 9,054

25,7 98 62,1985

.

11168,4,,50287296537

-

3i7"oi7bo 16,92514 3,85,0

59,06154

27,450 8,9310 32,4 763 5,0 ,0 5,930, 0 80, 2863

17,8936
•

1,975,0 3,950, 0 62,04 0

1,975,0

73,450

9,134,0

320, 0

75,40
.

'

—

58,49 0 5,69,0

64,82 90

$

-1942

1,6250

57,28 50
5,0 ",0 57930, 0 57,10950

$

34,579682

19,672417 27,450 47,19450 49,35 917 3,85,0 5,0 ,0 5,930, 0 139,064 17
r

$

1,20 , 0 4.0 .0 74,529182

7,49,698 16,348 5 12,03 0 5,36,0 6,408,0 12,648760

8,~453~,76b

5,0 ,0

27,450 40,5320 31,50 378570 5,0 ,0 5,930, 0 14,3920 570 ,0

3,8 ,218 59,64 275

872,18

981,0

315,,-,673359721579210

32,~975b0 10,31260

1,0 ,0- "To'cb o

1,0 0

237,1430

5,72,504 15,6 215 65,980 124,960 8,410 20,89271

8,310,28 42,56 782

18,21 0 4,8501

7,650, 0

6,5 l720 43 ,0 10,295 0 28,07160 394,0

~

320, 0

64,82 90
■

CAHARNCTDE

10,6210 i67~2o",b 9,354,1 36,95 21

13,5740 "38670 Y4~7bo

; ~

Refundi g 18,69 0 15,092 0 16,805 0 1,2070 4,0 ,0 6,21890 29,0169

Total

142,3587

SOUM FARY

5,9 8,0 5,760 - 7,910, 0 1,92,50 32,0 ~7I"~7 I 21,6250

$

75,40 507965",Ob 18,39 08 14,80 3

64,82 90 34725,0 9,038,79 108, 278

Refundi g 64,82 90

41,,05634750',_

4,0 ,0 _—z

~~

$

7,50,0 10,973610 46,3780 126,95460 816,0 5,87,40 50, 0 416,0

189,30745

New

*

$

-1942

80, 2863

''

$

1,38 218 26,53 75 46,3780 132,856 07 1,250, 0 15,8309 8,07160 810, 0 1,53821 296,78 5

9,08 90 1,0 ,0

3,8 ,218 15,49765

65,980 120,96 0 7,910, 0 15,0 ~ 4i8~,b "14 70 0 210,93 0

Capitl 12,03 0 4,936.0 6,408 0

139,064 17 4.620: 61,257 42 24,9159

1

$

Refundi g 60, 0 15,20

Total

421839,,8762500

14,3920 5.0 ,0 18,304 50 1,368,067

Refundi g 57,28 50 1,734^05

-194

4,094510

Capit l

-1940

62,1985

45,0 0

4,97 50 434,0 0 1,97160 37,0160 394,0 0

$

New

34,579682 14730 0 74,968 26

4,8501 1,0 0 9,70327 6,45186

$

3,47 610

-

67,8927539 98,670596

127,56 48

150, 0 150, 0

$

-193

StFGfboSehrvadmaotgrunnimcpyelldyess IUTNCFSTMOONDRFAHEEPIHCINEWVARDBER
LFFAMFIOGDFTMNOUEOACVRRHECEPNMDRBIGLGNT,
New

26,019

~

YEARS
FYEIVARS
Capitl

$

Refundi g 46,3780 12,8 50 816,0 0 5,87 40 50, 0 416,0

Total

396,78240 14.30b~.0o 20,53147 613,09714

Refundi g 29,01690 38,70218 3,860,54

-1940

241,0385

195,87158 1876"o7 o 2, 2906 236,406

$

-193

5,037^067

New

Refundi g 189,30745 4,9~0 60 1,609,708

210,93 0

150, 0 150, 0

Capit l

26,5921 i8,6"o~ ,b 90,154 35,106

$

270,1420

S

$

-1938

59,64 275 57b~o",0 126,45710

8.4 L8 0 7,2035

Total

46,3780 127,8960 1,250, 0 6,785O 87,0T60 810, 0

Total

237,1430 20,570 14,8250 2,650 274,830

$

-1938

296,785 75,20 14,26910 2,650 51,932185

Capit l 3,950, 0 3,196,01
New

1,50 0

8,64 ,01

1,975,0 3,950 3,196,01

1,975,0

3,475,0

10,6210

obtained etc. . etc. etc. . etc.

ODECMFBR boannodtesd—s . stock- stock boannodtedss stoc-k stock boannodtedss - sto;ck stoc.k corpate
foreign— Governmt foregoviegrnmn_t Gaagnvdcie,s♦Mu&nicpalt—St.es,,SPotsaeeisn toal fdiifgnunuclrooedstes OFDECMBR BNooatnensd-ds : utiles cceooptal,, manufctres oi indamuasnnturfdctlrig bueildtncgs, !; httrroaulddsiinngg,,,Miscela:n-ous BNooatnesd-s utiles cceooptal,, manufctres oies indamuasnnutrfd.ctlrig bueildtncgs, tthrruoaldsdiningg,,,Miscelanous ". utiles !cceoopta—l,, manufctres oi.indamuasnnturfdctlrig bueildtncgs, httorrauldsingg,,,Miscelanous . utiles cecootpa.-l,, manufctres oi indmauasnnutrfdctlrig bueildtncg_sI, thtrroaulddsiinngg,,,Miscelanous sceocrpuritate

MONTH

DtCorp ae- omestic— Long-term Short-em Pref red Com on Candi - Long-term Short-em Pref red Com on Other Long-term Short-em Pref red Com on Total Can dian Other Loan




Farm

Grand

United

♦These

MONTH

Long-TermRailroads Public Irsoten,l,Equipment Moatnords

Other Land, Rub er
Oil

Ship ingInvestmn

Total

Short-Tem Railroads Public Equipment Moatonrds
ste l,
Iron,

Other Land, Rub er

Ship ing Investm n

w

K)

VO

I

Total

3

Cr»

S3

°

Total

Stocks-

Railroads Public Irsoten,l,Equipment Maotnords Other

Oil

Land, Rub er

Ship ingInvestm n

Total

otal—

T

Railroads Public Irsoten,l,Equipment Maotnords Other

Land, Rub er

Ship ingInvestm n

Total

Total

$

62,50

2,140968
1,2674539

2,03 985 10,490 78,5601 19,087 4

531,254
-1938 Refundi g 6,908 0 30,6127 0
1,290375

40, 0 25,0 0 1,4607 1,0975 0 7,861,0
40, 0 65,*1970 129,40 2,65,0

$

Capit l
New

Total

62,50

803,2 10 3,5820 47,9 80 18,5630

$

1,8039 0 78,10 16,581.7 72,5924 79,50 0

$

Total

1,82738 1,537 025

150, 0 1,40 , 0 40,0 0

2,150, 0 10,49 0

2,358492 1,56,92 5,918 35 1,932,50

890, 0

4,0 0 750, 0

120, 0 21 ,0

1,8270 6,908 0

17,253610 6,370 54

15,930 265,80 9 15,3890 92,453 20,9825 6,28490 37,1 0 4760,60 5,10

2,0 ,0

30,0 0 40,0 0

1,89,0

32 ,0

5,10482 1,56 ,92 49,5801 1,932,50

176,09 1,85230 12,60 10,9 0 85,47 265 217,0 13,2580 21,05. 0 65,910

9,50,0 7,260. 0 5 0, 0

9,0 ,0

52,0 0 78,10 138.7,3 2,50,0 27680, 70,364 02 275,0 10 ,0 213,90 18,60485 23,917420 185,960 15,20 10,9 0 2,680, 0 15.84,502 27,350 13,580 213,90 201,*005^ 137,029485
1,3269573

9,50 0 5,80 0

9,0 0

50, 0 74,30 132,70549 2,04563

$

67,50 0 32,4621*50, 1,2590 1,950, 0
8,250, 0

6,0 ,0 750, 0

Refundig 56,3780 928,67 05 5,3680 4,569 5 82,69305 12,89460 97,82 0

-1938

Capitl

S

72,310 1,9427 5 160,75 0 136,950 30,671 0 19,7 50 135,0 0 476 765 6,04,0

S

873,4950 25,0 0 480,5 0 970,61350 5,236,0

2,196 ,420

Refundig 1,52746 74,30 135,8 925 1,974896 79,50 0

-193

Total

s

New

195,07 1,50,0

$

Refundig 91,380 94,0 7,0 ,0 45,60746 16,7253 8,604120 19,05 0 46,09 0
1,27048
S

-193

3,5820

4,62,0 10 ,0

15,372 38 97,10794 72,310 1,2 638,27 163,07 92 193,06 15 307, 410 19,2 50 135,0 0 462,0 4,10,0 23,562738
7,5203 31,4 96 56,3780 94,730815 6,180 51,0971 82,90 35 12,89460 97,82 0 10,237 0

462,0 10 ,0 7,852,438

6,5 830 15,930 27,90472 156,9 2 142,0316 24,103795 6,324,90 37,1 0 462,0 4,10 0 13,25438

lj

2,407,59

137,5821 10,6380 1,2657 ,8 94.0, 7,0 0 47,650~9 170,2653 8,604,120 19,05 0 98,47659
000 676

38,45032 59,20 924^30*, 930,82 0

New

Total

$

450, 0

804,3 0 1,2370694

Capit l 28,143 4,510, 0 25,974253 70,8436
$

5,325,0

2,396074 38.571,0 246,315.90 81,6 84

1,460, 0 5 0, 0

Capitl 84,950 54,31672 17,260 3,90,0 39,872 34 5,374 4,653,80 2,0 0 19,850
$

2,50,0 4,510, 0

5,468304 2,50 , 0 20^6*80*0*, 68,31 69

New

Total

16,20 726 96,758 9

.0

000 000 403 447 880 900

84,958 61,24 , 20,310 3,90 , 2,680, 108,19 , 56. 48, 4,753,

213,

2,0 0 38,5276

5,0 ,0 910, 0

3,61,0 14,0 0

15,0 0 38,5710 153.869,01 2,934,985 5,4070 91,572.64 875,0 0 1740 ,0 3,629,780 68,*2~51 39 327,9 538 372,890 1,2740 31 364.2985 6,250 5.40 0 254,73624 132,750 13, 20 1,40 0 3.629,780 5.30, 329,70139

5,0 0

367,2890 1,92830 361,05 6,250, 0 1597o6", 17,30 13, 20 5,30 246,50

*$

1,275,0 10 ,0 213,90

2,5610 14,0 0

5,0 ,0 26,510

000 465 000

Refundi g 1,80695327 26,510 185,36920 7,543,86

Refundig 2 ,83 602 879,6403 49,120 14,7 35 105, 0 12,9 20 4,0 0 18,6 30
$

$

-1940

34 ,597, 482,38 ,

3,200

-1940

375,0

27,83602 1.05,64827 349,5670 1,306o5 152,09376 19,50 12,920 1^530, 4,0 0 152,4819

1,530, 0 28,"73l 89

125,9836 17306 5 34,75028

.

YEARS 42,15038967 21,0839475 182,7364905
000 509 000

2,76021135,,610596828304378 342,58906251217,,,60894139307.86tGSFforhemavtaudogrnnicmpeldslye.sYFD3ETMFS1OINAVIHOTUCRSAONC2SRHRP.EDAE 12,680395841549276,40578,1,623063 • 2,015/ 1,832746501142,,95038677^850,364
3FDEMFT1NIOMIFLVAGUOHAONCVR2ECRR.SPNDGMLT,
Capit l

s

New

Total

-194

$

460,7 , 751,32 ,

2,7654 0 43,12950 219, 8275 79,0127

4,0 ,0 952,61 73 1,50 , 0

-

New

Total

$

865,01468 24, 753 93,85 89 79,053891

1,27 0

421,875

907,826350 2,0,0 107,8508 18, 7643

Refundig 408,96280 1,0 0 5,304,924 3,053,46

CFORPEIGNAT,
OSUMFARY

Capitl

New

$

421,875

498,307 1,20,0 102,5784 15,764197

12
-




250, 0
359,760 1,24. 90 71,80 0 6,938,0 2467 280 140,9750 35,7610 5,0 0 u67i4* 6

5, 0 , 0 7,350, 0 7,450, 0

329,50

2,50 0 43,12950

Refuhding 107, 50 874,2570 62,40 0 3,498,0 10421757"l, 84,65 0 34,580 4,60 0 57,28 95

5,0,0 9 0, 0 7,0 ,0

150, 0

5,241,965 18, 965

25,071 0 36,9810 9,40,0 3,40, 0 104769*1,83 56,3190 1,203,0 10,4 0 .250, 60,851705

6,30, 0 450, 0

179,50

17,258035 24, 753

Other

Short-em Pref red Com on

.

518,05273 1,50,0

Capit l

-

$
'

New

•

48,59 850 428,3 0 4,70 3,0 ,0 2703*4,0 128.30 5,76,50 "*957656 18,20*67

Total

548,20 523,70467

2,0,0
1,0 0

39,5170

618,7 026 107,80 342, 031

-j.

;.

250, 0

365,2760 1,38297,145 79,250 6,938,0 39,57 4 10,9750 35,761,0 5,0 0 159,0 782

2110538,47,6,0889525 1112748,6,5,053950637 1927,61182092637,5,9,31878046

13,205 983,2075 69,40 3,498,0 165,2*748 84,65 0 34,580 4,60 0 62,53086

18,379827

9790,25 071 3 ,04 ,850 3,40, 0 23,1*07346 56,3190 1,203, 0 10,4 0 250, 0 96,48796

15,0 0 2,53,20 10,2 875

1,0 0

Refundi g 15,4 850 306,1970 2,0,0 61,4260 19,25 0 3,752,0
$

-1942

14,56398 268,4903 14,672985 6,250 4,09 0 102,6398 12,6750 1,03280 1,40 2,09.780 1.350,

18,379,827

2,0 0

40 ,0

27,85.641 2,5985 57094,6 56,81796 875,0 5740 - 0 2,09 780

.

41,1083,7354660 AGNORNEUPFDWI

48.59,850 463,79 06 4,70 0 3,0 ,0 34790,65 145,0 5,76,50 "9576 6 2,53.20 28, 0875

,34960 64,5/90 127,536

"

Capitl 3,140 12,74.210 2,50,0 3,0 ,0 20971 ,360 108,374.50 2,015,0 ~ "9570 178*07 0
s

4, 0 , 0

4,0 0 8,35 70 15,4 850 307,6 890 2,0 0 64,019 0 20,95 0 3,752, 0

2,87 20

1,48 10

New

CHAR TE

1,06973 botaiyned DE3NE1C. Notaesn-d ; ecotp—r,:mnuft a;c—esoiu-manufctrig - htroealdticn.g, 498,30—7- No;tea-s—mi ecotpr,m-n•uf—acesor_imanufctrig-!.1,20—— htroealddtiicnn_g.g,, 1,20— —3,48196ecoptr,manufc_es ori•61m,a7nuf8ctri9g—50 etc.- ht,ro5ea3fddticinng.g,,602 18,7569 ,3,140—56972ectop.;,3,0manufctr—es— ^oi27m9a1nu.fc5trig4,0 —_—- 95,6htorealdticng.,2305 618,s7ecur0it2
——

Total Candian O"ther Loan
'

$

$

-194

'HED3MNOEN1CT.S boannotdedss ~ stock stoc—k bonaontdedss stock stock foreign— bLoonnaongte-sdt—e.rsm stock—.— stock corpate GovernmtforgeoveirgnmntGaanc—ied,s&Municpatl—Ste,s,SPostaeiens toal fidfnuigncluoodresets
Domestic Long-term Short-em Pref red Com on Candi - Long-term Short-em Pref red Com on
Corpate—

10^6*, 6 12,0

Total

40,6 0 18,2649

$

-1942

I,To"b~6 o

New

4,0 ,0 69,10 43,509

$

Capitl

2,125,

1,9603,

Refundi g 18, 965 125,34 86 847,380
1,4 5362
$

910, 0

Capitl 14,56398 239,6 7 12,30 6,250 472,65 1,80 1,03280 1,350 127,63 0
$

589,1203 12,0 0 61,78 0 74,0298

Grand

Parm

*

United

"These

MONTHS BLoongn-Tdesrm!Railrods util„es csoteall,, Equipment and industral beuildtcngs, Ruber ShipngtIrnuvesstmn, Miscelanou
12

and

Public iron, Mot rs Other Land,

Total

BShoonrt-Tdesm utiles csoteall,, Equipment and inadunstrdl bueildtcngs, trInuvesstmn, Miscelanou utiles csoteall,, Equipment and inadunstrdl buildngs, fnvestrtrumsnt, Miscelan—ou — , Rail;rods utiles csoteal,l, Equipment and inadunstrdl — beuildtcngs, trInuvesstmn, Miscelanou corpate
Total

Public Iron, Mot rs Other —: Land,
Oil

Stocks-

Tota—l

Public Iron,

-Motrs

Other Land,
Oil

Total—

Public Iron, Mot rs Other Land,
Oil

Ship ng

Total

THE COMMERCIAL & FINANCIAL CHRONICLE.

SOS

tonio, and Crummer & Co., Inc.,
Dallas, in joint account. \ The
Central company agreed to with¬

(Continued from page 302)
sail

though

levying taxes
as
had a smooth sea of
peacetimes upon which

prosperous

to

sail

;

by

we

there

and

were

in the sky blown up

fered the bonds

business

estate,

•

Department
more

1950, and four small blocks of New
York State bonds, all maturing in

draw from the electric and water

State And City

clouds

no

by disturbed

conditions

»decreased State

and

observed

and

make

first objective

our

the

rough

of

seas

wartimes

safely

into

port. A short, hardworking,'
economical session of the,,'Legis¬
lature

with

needed

laws

few

rather,than

sive session with

laws

enacted.

passed

is

a long, expen¬
multiplicity of

a

We

budget, con¬
tinue to protect the State's credit
and

continue to reduce

State

our

1 ■

,

no new taxes save a
correction in the liquor tax, even

State's, revenue will
'fa.ll off $10,000,000 a year due to
gasoline rationing, and in spite of
the fact that $23,500,000 of State
though

the

indebtedness
next

two

must

eral

left

be

within the

due

The,

free

taxpayer

shoulder the

to

of greatly

burden

increased Fed¬
necessary to win this

taxes

preserve-this Republic.

and

war

falls

years.

>

<

•»,

'

,

f

i:,'

..

State

Treasurer

called

James

General

Revenue

void

now

statute

of

two

should
the

district to

records
R.

warrants

the General Claims Committee for

please notify this office: 7;
than
general
revenue
warrants, all State warrants are
and should

bids until 11

Feb, 9 for the
"coupon
£*

a.m. on

presented

tot a h
of - $7,745,000
• were
1945; $7,000 in 1946 to 1950; a
$8,000 in 1951 to 1954; $9,000 awarded to a syndicate of banks
in 1955 to 1958; $10,000 in 1959 headed by the Chemical Bank &
New - York, and in¬
to 1961; $11,000 in 1962 to Trust. Co.,
•

.

1965, and $12,000

in

1966

1968.

to cluding, among other institutions,
the

:

National

City

Bank

of

New

National ; Bank,
200,000 Marine Creek Channel York, : Chase
bonds, series ,12'. Due Feb. 1, Bankers Trust Co.,-the Manufac¬
as
follows;
$5,000 in 1944; turers ; Trust Co. and the New
;
$6,000 in 1945 to 1949; $7,000 York Trust Co., all of New York.
t 7 in 1950 to 1954; $8,000 in 1955 The group named an interest rate
f:
to 1958; $9,000 in 1959 to 1962; of 0.65% for the $1,710,000 Buf¬
$10,000 in 1963 to 1966, and falo, N. Y., Housing Authority isr
$11,000 in 1967 and 1968.
sue, and 0.74% on each of the fol¬
loans:
$315,000 iAsbury
Dated
Feb".
1, 1943,
Denom. lowing
$1,000.
Bidders to name the rate Park, N. J., $227,000 Contra Costa
of interest in a multiple of % of Co., Calif.. $3,695,000 Jersey City,
N, J., $437,000 Long Branch, N. J.,
1% and bids must show the gross
and net interest cost to the city. $595,000 Madison Co., III., $365,.

'

No

bid

for

face value

than

less

of

of the

par

bonds

the

and

crued

interest thereon will be

cepted

.

ac¬

Principal

payable

in lawful

Central

Hanover

.

Co.,

New

or

Treasurer's office.

the

Trust

City

Unless all bids

rejected,' the

are

&

at

the

at

money

Bank

York,

ac¬

interest

and

bonds

awarded to the bidder

or

will

be

bidders

offering the lowest cost of interest
by

legally acceptable proposal.
complete bonds and approvr

a

The

ing opinion will be furnished by
the city.
Delivery of the bonds
will

be

Enclose

expense.

for 1%

the

at

made

a

purchaser's
certified check

of the face amount of the

bonds, payable to order of E. S.
Birdsong, City Secretary-Treas¬
urer.

Jefferson

County

Drainage
Q.
h
Beaumont), Texas
h

District

No.

6

(P.

Bond Election—An election will

be held Feb. 13

on the question of
issuing $2,300,000 drainage bonds.

Little

Cypress

Consolidated

Com-

School District No. 2 (P. O.

mon

Orange), Orange County, Texas
Bond

Election

—

An

election

will be held dan. 30; on the ques¬

tion
tion

of

issuing

bonds,

$25,000

%:.

construc¬

000t , [Meridian,; Miss.,
$209,000
Montgomery,' Ala.,, and' $192,000
South San Francisco Housing Au¬
thority, Calif. Lvv/
Harnmari Ripley' & Co., Iric!,
New York,; purchased the $236,*
000 Annapolis Housing Authority,
Md.,, issue at 0.65%, plus. $2.50
premium; The Central Hanover
.

&

Trust

Co., New York,
the''$594,000
Selma,

purchased

Ala., at 0.87%; and the following
0.74%, plus small prem¬

issues at
iums

in.

each

instance:;

$700,000

Salomon

New

York,

bidders

port

its water and electric distribution

over.

systems following conclusion of a

sold

Light

Co.

for

Bros..

was $255,620, which was provided
through the sale of 15-year reve?iue

bonds and warrants to

Dewar,,

Robertson & Pancoast, of San An¬




\ -y;i>

Although

were

Hutzler, of
'the successful

the

$1,105,000 New¬
Authority, R.
I.,

Housing

Bank & Trust

Co., New York,

via* competitive

bidding

on

banking

the

group

at a'price of: 99.50: 000

and

j'S* ; 7,;

-

and

paid out

4%

improvement

.

7'''

7 f7;

bonds

has

been sold to the Dominion Securi¬

3.55%.

ties

plus

interest; ■: to yield;
Proceeds of the financing,'

$400,000^ in the sinking fund,

Corp. of Toronto.
inch.
;

1943 to 1957

Due from

,;

,

were; used by the province in the
payment

of ; $1,650,000

which matured

schedule

a

interest

bonded
were

and7 accrued;

on Jan,

of : pay¬

Jan.

refunding; bonds

principal

'

5%

last.

The

dated

Jan.

15

are

QUEBEC

bonds

whittled

down by nearly $2,000,"~:
Province; of New Brunswick for
during the first two years of all provincial, civic,' municipal and

000

! !

7

Quebec (Province of)

7

7

Bonds Publicly Offered—A syn¬

equal

to

at least

value of the

1 %of

the

!

face

outstanding issue will

*

be provided annually.
v
school purposes, except succession
administration,; %
Underwriting
Group — Other
Payment of bonuses to persons- duties. -A sinking fund will be
members
in the armed services is
pf
the 7 underwriting
regarded: provided for this issue during the
as a factor
likely to increase1 the, term; thereof,. at the rate of .1% group, in addition to the Bank .of !
Governor Wills'

State's

Montreal and

the Royal Bank of
! ! L'.;!!; :v7: ;7: per; annum, plus such additional
ampunt- 'as may ;be required by. Canada; were as follows:
.
Banque ! Canadienne NationaleJ
WASHINGTON
;
law,:.from time to time. '
:

debt/7;

,

(

WMi

;:|7,:7:. '

-

i<

:

Blaine>

Wash. ^-7

■; -7 j

vy

-

7...V7: ^:

Z*^
Underwriting? Group—The un¬
Williams^ City derwriting. group, in addition to
Treasurer, called for payment on the, [ Dominion
Securities Corp.,
Jan. >; 1,;
1943,
3 V2 % 7 refunding, consisted of; . A. E; Ames & Co.,
.

Bond Call-nJ. A.

water

bonds Nos. 7 to 16.

revenue

Interest;

to

ceases

accrue

called.' 1

;

-

date-

on

"

.

The

;

Bell;

Wood : Gundy

,

La

Banque Provinciale du Can¬
ada, The Canadian Bank of Com¬

The Bank of Nova Scotia,!.
Co., A. E. Ames 7
& Co., Royal Securities
Corpora-';
Corporation,; tion,
The
Dominion
Securities
merce,

L. G. Beaubien &

Gouinlock

&, Co.; McLeod,
Corp., Nesbitt, Thomson &CoM
Weir & Company, Mills, The Wood
Gundy Corp., Collier,
Spence &: Co., Cochran, Murray & Norris &
Henderson, W. C. PitCo., Eastern Securities Co., T. M. field &
Co., Mills, Spence & Co.,
Bell & Co.; Ltd., and F. J. Brennan
McLeod, Young, Weir7 & Com¬
:& Company; \
• f
"
pany; Bell, Gouinlock & Co., Mc[At! New(,:|IigJi'.^aYkT-* Taggart, Hannaford,; Birks & Gor¬
A: surplus on- current account of don, Savard, Hodgson &. Co.,
Inc., 7.
$ 1,159.250—largest• in New Bruns¬ Cochran, Murray & Co., Mead &' 7
wick's history—is revealed in the Co., Harrison & ;Co., Kerrigan,

Young,

■

.

.

.

.

Bank i

Called

| Buy

Bonds

For
Redemption — The
of the Bank of Montreal;

Wall

been

To

;

agency
64

Offers

Street,

authorized

New' York,

lias
by the Govern¬

ment of. the, Dominion of Canada
to

purchase:Dominion of Canada

30-year 5% bonds,- for delivery on
or after Jan. 20, at
prices to yield
% of 1% from date; of delivery to
March 15.The

.

7

'

•

7.,

municipal bonds aggregating $5,565,000.
Among the purchasers
was, J. P. Morgan & Co., New
York,
which obtained
$175,000

bonds,
which mature May 1,-1952, have
been
called
for
redemption on

State of Illinois 4s, due March

crued

1,

{New Brunswick (Province of) ;
might have7 been
Bond Sale—An issue of $1,250,-:
added to the debt,
3%% refunding bonds was!
of revenue;
,

Treasurer -Levi

State

j-eduction in net

000 in capital expenditures, which

15,1943 and mature. Jan. 15, 1955. dicate headed
have been drawn "up as. far ahead
by the Bank of
Principal- and half-yearly inter¬ Montreal and the
as 1961, it was
Royal Bank of 7
pointed out that if est
(Jan. 15 and July 15) payable Canada made
the present trend of budget sur¬
public offering in
in. lawful
.money; of Canada in^ Canada;.on Jan. 14 of $18,000,000
pluses could be maintained,-.the
Halifax, Saint John; Fredericton, 3 lk%
State could be completely free of
refunding bonds at a price
Montreal, Toronto, Winnipeg, Re- of 99.50 and accrued
obligations within ! aboutthree
interest,
gina,;, Calgary or ; Vancouver, at!
yielding' over 3.53%; Dated Feb.;
years from a mathematical view-,
the option of the holder. Redeem¬
1, 1943 and due Feb.il, 1960. Call¬
point. ;y'7:7• 777 '■ L;-'! ■'! ■':> 7 [7 ■'7r'
able at the option of the;province,
able on or after Feb. 1, 1958, as
Governor William H. Wills' pro¬
as
a
whole but not in part, on
'a; whole but not im part; at par
posed budget, now in the hands of
the legislators, shows a debt total Jan.v;; 15, 1953, or on; any interest and accrued interest.
payment "date thereafter, [upon at!
of $6,650,031 and a surplus of
7 Additional Bonds Placed Priv- %
$1,-4
least;30 days'prior notice, at 100%
463,066. 7 The
latter
increased
ately—In. addition, to the above I
Of principal amount together With!
some
$600,000 during 7 the: past,
accrued interest to the date fixed issue, the' province sold privately
year,
If this trend could continue
to a banking group a further
$20,for redemption; and redeemable
and, the surplus be applied on in¬
000,000 -of 2?^% three-year sinkim part by lot for
Sinking 'Fund'
debtedness, it would shortly erase
ing fund refunding bonds. Both"
"purp.oses only on any interest pay-;
all of the State's obligations.
.;
the
bonds publicly- offered
and
ment date before maturity upon
Disruption of the State's econ¬
those privately placed were issued
at; least 30; days' prior notice at
omy during the war' and the post¬
by the province to refund in part
101%>of principal amount to¬
war period,
however, is expected
(after application of relative sink- 7.
gether with accrued interest to the
to prevent any great surpluses in
ing funds)7a loan of $25,000.000 !;•
date fixed for redemption.
Cou¬
the early
future..LLL7;7;|';77L7"77''
maturing Feb; 15,. 1943, and a
In 1927 the State's total ? debt pon debentures in the denomina¬
temporary loan used to meet a'1
tions of $1,000 and $500 with
was: only; $1,693,561!
pro-;
The follow¬
$12,000,000 loan • at maturity on *
vision for registration as to prining ; yean the; obligations yof7 the!
Jan. 2, 1943, and to reimburse the
opinion 5 of Daly,
State soared to $6,701,531 due to cipal.. Legal
consolidated revenue- fund for $1,-7 >
the first issue-of flood bonds and Hamilton and Thistle, of Toronto.
These; debentures will be direct 970,000 borrowed to meet a serial
had, not dropped below that figurematurity on Nov. 1,5, 1942. !!;7!7!|:;^.!;
and ; general
obligations of the
until: 1942.
r
The 3%% of 1960
recently of¬
Another issue of flood bonds/in Province, of New Brunswick, and
fered-to the public! are payable"!;
will be payable! principal and in-!
1929 lifted the: total debt' to
$9,-.
as to principal and interest
(F-A)
168,531 and it cdntinued .vwithih terest, out of the' Consolidated in lawful,
money of Canada in the
the $9,000,000 bracket until 1936.' Revenue Fund thereof. The Pro¬
cities
of ; Q u e b e c,
Montreal, 7
when it was reduced to $8,400,031. vincial: Secretary - Treasurer ad¬
Toronto, Winnipeg, or Vancouver;
From
then
through 1939 7Ver-. vises .'thatf the proceeds of <this at the holder's,
option.
Coupon
mont's
[obligations 7shpwed%'gi issue will be applied to the re-; debentures
in
denominations of
steady decline until the elements payment of an issue of $1,650,000
$1,000, $500 and $100, registerable
visited another disaster upon the debentures due Jan. 15, 1943; the
as to
principal only. Legal opin¬
State and in 1940 the debt rose to balance of $400,000 being retired
ion of Hoi den, Heward & Holden.
$8,544,031 through the issuance of by Sinking-Fund.' Debentures will
A
sinking fund of an amount
storm notes,- -This total has been- be exempt from -:taxation in; the.

&

&< Jan. 20 various blocks'of State and

The cost to the city

for

;

the

the fact that some $900,-

Jan.. 8 to a syndicate headed
ONTARIO
;
Si
by the Dominion Securities Corp.,
Toronto, at a price, of 98.27., and, North Monaghan Township, Ont*
the ..obligations re-offered
Bonds Sold—An issue of $16,by : the|

is lower; than at

CANADA

.

Power

debt

in

was

sold

;

,

v,

Central

"

'

,

;

,

1

.

.

debt

.000

City. L,

Seattle, Wash.
phis, Tenn., and $830,000 :Seattle,
Wash., Housing Authority.
:; Bond Offering Canceled—W. C.
F. S.' Moseley & Co., and Har¬
Thomas,
City
Comptroller,re¬
vey Fisk
& Sons, both of : New ports that the scheduled sale, on
York, jointly, were the success¬ Jan. 26 of $7,900,000 not to exceed
ful; bidders for the $980,000 Gal¬ 6%1 interest;
municipal light land:
veston
Housing Authority, Tex., power revenue bonds—v.,157,.p.
$758,000
Washington
County 213, was;: canceled "because '-of
Housing - Authority, Pa.,* notes, -at possible' changes
in
design' of
.74%, plus a premium of $12 on work." ; A new call is expected
each issue, and $1,000,000 Thir¬ soon, he said. /%7:i;7:;K:7'-v",77J
tieth
Series,
$1,500,000
ThirtyThird Series Jersey City Housing
Authority, N. J., notes, at .74%
and, .73
respectively, plus a
7 Canada (Dominion of) ' - »
premium of $30. ; : ; 7. .'
; ; 57- 7

v
,y y';
notes, at .82%, plus a premium
of $26.
; %
;
;
Texas
Bond
Sale—The city recently
7 New
York Bank Markets $5,acquired complete ownership of 565,000 Bonds—The -Central Han¬

with* the

total

Fort Smith, Ark., $1,480,000 Mem¬

Luling,

deal

:

'

Bahk

feature

r ""

;

..

Notes Awarded
£1225,000 street improvement —Of the $16,928,000 local housing
bonds, series 69.
Due Feb. 1, authority note issues offered Jan:.
as follows: $6,000 in 1944 and
20, and described in |v. 157, p. 124)

f

,

*

Housing

•

)

-

United States

:

J;

Local

''.'I'.

,

BRUNSWICK

.

immediately
for
payment.
Prompt
presentation
for payment of these warrants will
Fort Worth, Texas
f be t greatly
appreciated by this
Bond Offering—S. H, Bothwell, office,
■ ■■-:!'7''
7:77 7:-7i.
City Manager, will receive sealed
UNITED STATES

purchase
of". $425,000
bonds,, as follows:

1

.

Other

issued

V' '

■

war¬

rants

,

Ure,

•>

(State of)

year

of

ments ;of

arrangements with
representative of their
have them presented to

cashable when

i..1,,

:

Kelley as-made public

15;
,

special appropriation at the next
session of the State Legislature.

be

by

time since 1927, according to

any

are
State

Out of State holders of such

State's

past fiscal

make

State

'

■

Vermont

:

—The

limitation.

years

these

of

| i

NEW

Bonded Debt Lowest Since. 1927

1, 1940,
the

recently

•

*

.

*; 17

warrants

'of

because

Utah

has

warrants,

revenue

prior to Sept:

City,

purchased

,

,

';// VERMONT

including No. 152,952-D
(1941-42' Series), which - includes
all warrants issued prior 'to and
including March 23, 1942'.
This
call is for $1,977,356.57.
' f
77.
General

Lake

■,,

0 0 n

,

Pett! & Morris of Salt Lake

and

dated

Montreal, fiscal agent of the Do-:
e,
Provincial
SecretaryThe May 1,« Treasurer, said, were buoyancy in
1943
and. subsequent
coupons revenue and controlled expendi¬
must be attached to the bonds. ;
ture. An important accompanying

7;7: L'L' L-LL',

special improvement district bonds

'•

for'payment at face value

State
to

Jesse

Contributing factors to the rec¬
surplus, Hon. J. J. Hayes

D

'

was:
••

of¬

■

■■■

,

Hanover

to be redeemed at the

as'; executo| of an; .minion Government.

1

■;■■■>:

Salt

,j

Possessors

debt, with

■

Central

Bonds Sold—An issue of $75,000

Texas (State of)
,7;
■
Warrants Called For Payment-

continue

must

to balance the State's

7

'

Rather

bringing of the ship through the

company,

that

:

nomic."

The

are

New York agency of the Bank of. ord,

UTAH

"duplication
of
electric: Service in Luling by the
city and the C. P. L. i's uneco¬

greatly

revenues.

In announc¬
Lon H.
Hill,

the
project,
President of the power

must batten'down the hatches

we

jn the city.

ing

..

business

1944.

bonds

Monday, January 25, 1943r

March

entire

15,

issue

1943,

interest

to

at

of, the

par.

that

and

date.

.

ac¬

The

,

Province's .financial statement for

MacTier

the. fiscal year ended Oct. 31. 1942.
The 7 Provincial Government! had

&

& Co.,; Bartlett, Cayley
Co., Midland Securities, ReneT. Leclerc, Inc., W. C. Harris &
budgeted for a surplus of $111,508. Co., Gairdner & Company Ltd.,
:];In the previous,year the surplus Sweezey; .Securities, Matthews &
—largest up to that time—was Co., Dyment, Anderson
&
Co.,
J.
C.
$901,233.>
7
Boulet, J. E. Laflamme,
...

.

.

The

all

time

.

.

showed

statement

h i g h ;
Brunswick's
net
-

several

figures,:

>

New

debt,
for '. in¬
by $977,678,
leaving total net debt at $83,307,537. ;The largest reduction made
previously: was $747,725, in 1941,
Receipts-attained a total of $11,-:
800,479 r— practically
$1,000,000
stance, was reduced

more

than

pated,-which

the
was

antici¬

amount

$10,803,781.

The

Burns Bros, &
Denton, Lagueux &
DesRochers, Oscar Dube & Cie,
Inc., R. A. Daly Co.,; Ltd., La Cor¬
poration1 de
Prets
de
Quebec,
Clement, Guimont,' Inc., A. M.
Ramsay & Company, Hamel, Fugere & Cie, Ross Bros. & Co., Ltd.,
J. C. Rogers &
Company, Societe
Generate de.Finance, Inc., Societe
de Placements,
Inc., Canadian Al¬
liance Corporation,
Garneau, Bou-

1941

figure was $10,948,040.
(Expenditures aggregated
641,229—about $51,000. less

langer,
Credit
Anglo - Francais,
$10,- Paul Gonthier ■& Compagnie, Desthan jardias, Couture, Inc., Comptoir
the ^estimate;
$10,692,273,
com¬ National de Placement, Credit Inpared with 1941 total of $10,046,- terprovincial, P. E. Letourneau.
,

806.

.,

7

.

■

Inc.

.

..

.

.

'

,

.

'

7

••'1 «>v

V*

York Stock Exchange

Stack and B©iad SalesMew
DAILY
NOTICE—Cash and deferred delivery

YEARLY

WEEKLY

-

309

& FINANCIAL CHRONICLE

THE COMMERCIAL

Number 4145

157

Volume

unless they are the only transactions of the day. No account is taken of such sales in computing the range for the year.

sales are disregarded in the day's range,

^bbmsmsssb

New York Stock Exchange

United States Government Securities on the
Below

furnish

we

a

Figures after decimal point represent one or more 32d of a point. {See note

current week.

Stock Exchange during the

Jan. 10

Daily Record of U. S. Bond Prices

Jan. 18

Jan. 21

Jan. 20

Jan. 19

High
2

.

/ •'

■

1944-54—1

—

.

Total sales in $1,000

105.29

105.31

105.29

105.31
105.31

2

\

Low

100,20

100.20

100.20

100.19

100.19

100.20

100.20

100.19

100.20

100.19

1C0.20

100.20

103.2

103.2

/

Low

Total sales in $1,000 units

1

High
Low

,2V*s, 1954-56

Close
Total sales

$1,000 units—"

in

High
1947

2s,

Low

Low

•

Close

Close

Total sales

Total sales in $1,000 units

in $1,000 units

[High

Hign

.-{
-{

1948-50

March

1st

Low

Total sales

$1,000 units,

Total sales

in

Close

$1,000 units

"High

109.9

109.10

109.9

——

1

("High

104.22

[ High
| Low

104.22

1[Close

104.22
1

$1,000 units
Hign

Close

[Close
Total sales

Total

in $1,000 units

[Close

Total

sales

in

Total

$1,000 units

Total sales

units

[High
~i Low
in $1,000 units

[ High

f High
2%«, 1960-65

$1,000 units

(close

Close

in $1,000

sales in

1953-55.

2s,

Low

.

l%s,

J Low

-

-•!

1948

[close

Total

[ High

Federal Farm

Total sales in $1,000 units—

j

1945

sales

1H»,

sales

in

%

Mortgage

[High

—\ Low
[Close

Total sales

Z

in $1,000 units——
■

102.28

Low

K:"';","'-./

[High

102.28

Close

[High
[ Low

_

;

3'/4S, 1944-64

Low

$1,000 units——

1948

Low
(Close

units-—'-/-—•

in $1,000

[Close

Total

102.28

1944-49

3s,

(Close
Total sales in $1,000 units—

Total sales

High

106

I Close
sales

in

106

$1,000 units

Home Owners' Loan

3s,

%-•

sales

Total sales in $1,000 units

Low
♦Odd lot sales..

$1,000

units

HIGH

SALE

RECORD

Monday

Tuesday

Wednesday

Jan. 16

Jan.18

Jan. 19

Jan. 26

t per share

*52

52'A

•112

112 %

♦34

44

52%

52
112

112%

*34

36

8

36

45'A

44%

45

8%

52%
112

36

*34

36

*110

112

45

45%

8 %

8'A

26 7 j>

26%

26

26

•

15', 8

15%

15'A

15 %

15%

15%

41

41 V«

41

41

40%

41

♦62

67'A

*62

7%

54

8

46%

*45%

8'A

8'A

8'A

>

8%

■

4 Vtt
84

A,

4 %

4'A

*80

86

Acme

Adams

11,000
300

6%

*80

*25%

25%

25%

25%

15%

15'A

15%

15%

2,300

AdamsrMills Corp
Address-Mutigr Corp

40

40%

41

41%

41'A

42

3,100

Air

66%

*64

67%

*64

671A

4

4'/8

4

4ya

4%

26

3%
*80

86

%

%

6%

6%

4

.

*80

86

%
6

%
6 V«

%

6 %

6%

5%

5%

5%

6

16

15'2

15%

15%

16%

15%

15'/a

16

16 '/a

19 l/4

19'A

19 V4'

19%

19

19'A

19

19'A

19%

20

6

6'A

6%

•

.

-

'

„

23,400

10,500

6%
6%

4.600

15%

15%

2,300

20

20%

8,200

6%

6%

Alaska

10,100

0

%

'

6%

No

Reduction Inc

Juneau

Gold

par

100

Ala & Vicksburg Ry Co.—,

86

*80

86

%

6'A

■

15/8

6 %

——No par
No par
—
-—-10

Express

*64

-

%
6%

Co——————25

15%

'

67

3%

Steel

15%

*25

6%

%

.

*63

No par

Abraham & Straus-

1,500

'

67'4

preferred—*—--—100

4%

20

36'%

No par

Abbott Laboratories

'

46%

.

Par

190

Min———10

100
—No par

Albany & Susq RR Co
Allegheny Corp_

pf A with $30 war
—100
5%% pf A without war——-100
$2.50 prior conv preferred-No par
5'% %

*

69

♦64

7%

7'/a

*63

69

*7

*63

7%

144%

145%

146

146

*10%

11'A

11

11

♦16'a

17

6%

6%

16%

146

11%

16%

6%

7

6%

16%

6%

69

7%
146

11%
16%
6%

*63
*7

145'A

*11V4
16%

6%

69

7%
146

11'A
17

6%

*63

69

*63

7%

*7'/a

146%

147%

1471%

*11%

11%

*111/4

*7

17%

17

6%

6%

17%
6%

Alghny Lud Stl Corp

.No par

:

500

7%
150

2,400
500

11%

Allen
Allied

27%

28'A

185s

18%

*1

l'/8

*12 3

8

13'/a

*73

75

27%"
18'.'a

*69 "4

24 'a

24%

24%

55'/2

For footnotes

18%
1%

69%

5 5'/a

27

*1

*12%

69

,

*74

28

54

see

13%
24 %

55%




1

23

18%
1

*73

75%

27

27%

9,100

6%

*18%
1

19
1 Ve

75

27%8
19

.

l'/a

74%
27%

Allied Stores

200

75

27%

*74

28%

19

19

19

'

*

12,400
800

l'/a

1%

1 Vb

1,400

14%

*131/8

14%

100

319.

13%

13%

70

69%

691/s

69%

70

69%

70

1,800

Amerada

24''a

24%

24%

24%

24%

24%

25

25%

1,900

Am

53

54

53

54%

54'/2

55

541A

*13

55

3,700

Petro

Corp

Agric Chem

American

3% Jan

7

Jan I1
5 % Jan
2
5'/aJan
2
13
Jan 11
18 ys Jan
2

140'%
10%
16'A

100
No par

;

No par
1
50
No par

No par

Inc

10

f per

Jan

6'A
73% Jan
26 Va Jan
17% J"n
Va Jan 13
13'% Jan 20
x67
Jan 14
23
Jan
2
52% Jan

6

for Previous

Year

Lowest

I per

share

share

1942

Highest
t per share

51','2

Dec

21

37

May

Jan

5

104

Mar

11-3

36% Jan

13

31

May

43

45% Jan

19

39

Sep

48%

Jan

8'% Jan

22

Apr

8ys

Nov

Jun

26%

Dec

Mar

16%

Dec

29'%

Apr

41%

61

Jan

69

Oct

1% Mar

4

Nov

Jan

112

Jan

27

7

15% Jan 20
Jan 22

42

—

par

(Del)

Airlines

8

19
Jan
9
Jan
Jan
Jan

—No par

Corp

preferred—
Mfg
Alpha Portland Cem
Amalgam Leather Co Inc
6%conv preferred

13%

19
5

7

No par

5%

*12%

5

7% Jan
6
25% Jan 22
14%, Jan 8
38% Jan

Range

1943

63

4

Jan 15

Dye—No

Allis-Chalmers

*69

70

page

18'/a

75%

Jan

36
Jan
41'A Jan

5

&

Allied Mills Co Inc

•

75 %

*73

SiyaJan

1

Allied Kid Co—

1,300

17'A

< per share

112

for

100-Share Lots

Highest

64

Industries Inc

Chemical

of

-—100

Alleg & West Ry 6% gtd

69

Basis
Lowest

EXCHANGE

700

*45%

45

On

YORK STOCK

Shares

share

*34

36'A

•

*25%

*26

'

for

112

**31/8

53

53

*110

NEW

the Week

I per

< per share

52%

Sales

Jan. 22

Jan. 21

112

*34

Friday

Thursday

1 per share

52'A

112%

*112

36

44

52'A

$ per share

Range

STOCKS

PRICES

Saturday

share

;

ISale of registered bonds, all others are coupon issues.

—

NEW YORK STOCK

6 %

3

(High
-•{ Low

[close
•{

in

102.27

$1,000 units

lVaS, 1945-47

LOW AND

♦80

In

Low

[Close
Total

4'A

sales

Total

Close

2'/as, 1952-54

102.27

Low

[Close

[High

8

1

sales in $1,000 units

Total

Treasury

1 per

1944-52

series A,

102.27

[High

1

—

[High

ma. 1950-52

3

in $1,000 units

106

Low

ma, 1949-53
Total

Low
Lo

[Close
Total

$1,000 units.

23/4S, 1958-63

:

I
.]

1951-55—

23,

High

JHs,

In

f High

High
[ Low
[Close
I

23As, 1956-59

Total sales

\ Low
[Close

sales

$1,000 units
•

Total sales in

I—
In $1,000 units

1950-52

2s,

| Low

1951-54

sales

[High

f High
2%s,

[~High
Low

1949-1951

Dec.,

2s,

[ Low

2%s, 1948-51

Low

-•

[Close

in

100.28

1

1

Total sales in $1,000 units

2%s, 1945-47

100.28

1 Close

109.9

109.10

100.28

Low

109.10

Low
Close

1955-60

Total sales

Low

2s, Dec. 1948-50.

High
2 % s,

in $1,000 units.

High

(High

\ Low
[Close

3s, 1951-55

.low
1.0

[Close

Close

in

100.31

[Close
(<

103.3

' •

1

"High

Total sales

100.31

—

j

2'As, 1952-55

Low

-

1

100.31

10

in $1,000 units

$1,000 units

-I

100.20

3

13
(

f High

103.3

[Close

1946-48

8

Low

■

103.3

103.2

[High

3s,

1

2

f High
——| Low

Close

'V.[Close

3VeS, 1949-52

100.20

\ Low
[Close

_

100.20
100.20

in $1,000 units

Total sales

Total sales in $1,000 units

\

10

100.19

101.28

f High
j Low

3V»s, 1946-49

-

[High

5

3'As, 1944-46

—

10

'

-

'

■'

100.19

$1,000 units—u——-

2'/4S, 1951-53

101.28

Low
$1,000 units

Total sales in

100.15

100.15

-V

—

101.28

Close

:

100,17
100.17

(Close
Total sales

:
High

1943-45—
in

in

2%S, 1967-72——

[Close

sales

sales

Total

[ High

Total sales in $1,000 units

Total

100.17

$1,00 units

—

3%S, 1943-47—

3 'As,

in

sales

1963-1968—'

2%rS,

Low

:

100.15

[ High
•{ Low

[ High

Close

units

—.

—

«/2S, 1962-67.
Total

1

4

3

—

Total sales in $1,000

Jan. 22

Jan. 21

Jan. 20

—

$1,000 units

in

105.30

units—

Jap. 19

(Close

105.30

105.29

High

3%s, 1946-56

sales

105.30

[High
w-i Low

[Close

\

_-{ Low

Vas, 1956-58—
Total

Total sales in $1,000 units—
•"

Jan. 18

—

I Close

[Close

below),

Jan. 16

U. S. Bond Prices

of

'

—-■) Low

4y«s, 1947-52

4s,

Daily Record

Jan.

[High

Treasury

Corporation coupon bonds on the New York

in Treasury, Home Owners' Loan and Federal Farm Mortgage

daily record of the transactions

4% Jan

14

5'%
18%
10

69'% July

Dec
Jan

94%

Dec

Feb

Jan

22

A

Jan

'%

Oct

6% Jan

16

3'%

Apr

6%

Nov

6% Jan

18

3'%

Apr

6»A

Nov

16% Jan

19

Id-

17

Jan

May

22%

Jan

15

57'%

Nov

73%

Feb

7% Jan

4

3%

Apr

7%

Dec

Jan

22

118'%

Apr

11'A Jan

19

17% Jan

8

6% Jan

15

Jan

28% Jan

20% Jan 22
64

150

75

19

Jan

9%
16

Jun

May

12 Va

Jan

Apr

16%

Nov

4

Apr

6%

Nov

22

64

July

15

22

Apr

30'%

Jan

14%

Apr

19%

Nov

U Aug

1%

Jan

18%

J*n

10

11%

lVe Jan

20

13% Jan

20

11

Dec

Jan

21

43

Mar

70

Jan

149

81

70

Jan

%

25'/a Jan 22

18%

Jun

24

4

25 V4

Apr

58%

56

Jan

Jan
Oct

Nov

Dec

THE

310

LOW

Monday

('tarda?
Jan.
f

shart

per

14

4 7

5 1

9%
47 "4

5 %

31

$

5%

HIGH

914

47%''

47V4.
5 %

5

31

30

31

31

130

130

129

129

3*8

3%

751.,

75%

3*8
76
*

176

"175

3*4

31%

176

175%

.

*75%

75:%

175'

271«

27%:

26*8

27=%

26%

68

68

661

67*3

.66%

19

19%

19%,

19

19%

1061>

110

*106%

110

99

*98*a

99

*17%

19%

a

19%

*106%

99

*17%

19%

*17'2

19*4

*6%

7.

•:

6*4

6*4

*6*4

167«

16%

77%

175%

175

28%

29 %

69

69 %

2,300

19%

1,900

19

19 %

*17%

19%

•

*107

19%

110

■;

"17%

-

98%
19%

6*4

6%

16%

19*4

1

17%

*107

■

■

*97

98 "4

*17%-'

7%

I

'

17

17

.

7

36%

16%

.

98%

*98%

100%

♦98 %

1001'a

*98%

17%,

17 %

17%

16*4

16*4.

16%

2

2

61 it

2 */8

2

.

7%

8

25

2

42

32'a

33

8%

7*4

1%

•

'i

.7*4

7*4.

.

16%

2

2

•'f,t

41

3311

1 7

M

v

3311

81a

33

,

2%

33%

%,

8%

27

2%

ft

27'H

,

3

■'

35 %

35%

55

54%

-3

3 Vb.
36 V®.

.3%:

35%

54%

2%

2*4

A

-

16

5%

Jan

"9%

Oct;

4

38%

Apr

49

4

Nov'

22

3% Mar

6 Va

i

35%

*54%

55 V;

3*8

35 %

'

54%

3 %

35

54 7

*34 Va

.

5 4 5 it

a

31a

35

,3%
■*39

5 %

5%

5*8

Sly

5

*514

6 la

5%

6 'a

"5*4

7

*39

3*4

.

42

4 0

*39 %

40

814

*40

12%

12%

.

,

8 2 Va

82*8

82%

12%

12 V

■; •i.vi

117%.

.

28*4

29

!,'«
lit

I

21 '8

22

181a

18%

Jan'

19

23

Apr

Jan

12

120.

Apr

130%

Feb

4

Jan

2

1V«

Apr

3%

Dec

71% Jan

2

77% Jan

22

56%

Apr

74%

Doc

100

.Fdy__)

No

Cable' Inc_^_._„N0

.

"

Jan

4

159

Mar

176

24% Jan.

6

2914 Jan

22

20

May

33

65

5

69 % Jan

16-

55% May

173

par

•

Jan

176

9

Jan

18'4 Jan

5

19% Jan

18

Jan

20

101% Jan

2

6*4 Jan

2

TVs Jan

14% Jan

2

18

98% Jan

13

99

15% Jan

SugaT____Cl--. 10

■

,

V,__-__^_^20

Co,

8

Encaustic

Tiiing___'___„l

r i

1% Jan

•

May
May

110

Mar

103

Jan

18

4

Jan5

2 Vs Jan

For'n

&

Po,\ver_J

1

1

May

100%

Dec

7% Mar

16'4

Nov

%

19

5

7

8

21

.

2d

preferred_^^V_,No

1% Jan

2

2% Jan

22

■A

Jan

46% Jan

18

50% Jan

22

18.%

Jan

%

preferred.'A-—par

7

Jan

6

8% Jan

Jan

8%

39

Jan

-6

44'a Jan

22

10%

Jan

42%

Jan

8

34 % Jail

21

25%

Jun

35

2% Jan

.

21

4

3 % J all

22

2 Vs

May

Jan

5

35 % Jan

21

32 V2

Sep

53% Jan

7

x36%

Apr

l

;

!.;

16

Jan

6

117 Va Jan

14

Jan

4

23% Jan

14

*

No par

Jan

2

Jan

9

6f,. preferred..

American
Amer

9,400

News

Power

No

Lights.

<|k

117

:_100

Coil,

x26

par

•

1'

65
9 "2

10%

Jan

91

Nov

Apr "

12%
7%

May

Dec
Nov

23% Mar

Apr

113%

119

Feb

Feb

26%

21% May
/■'•■ :

Nuv

Jun
Jun

6V4

Jah

13

Va Mar

Jan

21%

22%

6,600

$6

preferred—„„J—.par

18*4 Jan

2

22 "4 Jan

14

lSVa

Apr

26%

Jan

18*,

19%

9,000

$5

preferred—par

16% Jan

4

19 Va Jan

14

12%

Apr

22

Jan

6%

23,100

6*8

6%

6*4

57%

146

*151

*15-1

10%

10%

11'A

58

57%

57%

57%

57*4

8%

8%

13*8

13*8

28

28 %

28'2

39 %

146

381%:

13%

13%

23

28

»■:

*144

13%

23

201-J

20*t

20*8

20%

11%

117«

ll7s

117«

11%

American

Safety Ra?,or__.

A

800

American

Seating Co—:

3

710

Amer

Ship

9.000

Amer

Smelting A Refg:——-No

V

40

.

147..r

147

*145

39

39%

*38'/a

150

"

20%

11%

*144

:

21

11%

i

*11%

11%

11%

11%;

14

13%

137a

13 V

13%

13 %

13'a

13 la

13%

*13 la

13%

18

18

I8V2

17%

18%

I8V4

18%

18%

18%...

18%

18%

94%

95

95 Vh

95%

*83%

96

96 Vb

96 la

96%

96%

*21*8

133%

45 lb

.

22 %

133 '/a

22%

45%

134

45%
47

47

120%
43

;

"95 Va

*21%

22%

221 a

,

47=%

4

96

132

22

22%

45%

46 V,

22 la

129%

131 'A

45%

46%

47-"','

130%

45%

47 %.

46*«

129*4

45%

.

.

47IV

46* 4'

.

*22%

-

54

Jan

2

50

Jan

16

8% Jan

100
.—18.50

6

9% Jan

18

12% Jail

par

5

27

5

2)

Jan

40

Jan

147=1.1 Jan
Jan

21

145% Jan

li

35% Jan

2

39

6

2, r, V

_No

par

19% .'

n

American

Stores——^No

par

11% Jan

American

Stove

par

12

American

Sugar Refilling— 4— -.100

■'i

■

2,100

47%

Jan

Jan

5

96V2 Jan

21% Jan

14

12714 Jan

2

42% Jan

2

6.400

43 % Jan

2

22 V2 Jan

Nov

Feb

14%

De;

May'

35Va

Jan

148%

NOV

36%

Apr
Jun

1-14

21%
12

Jan

Oct
Mar
Nov

Feb

12

Oct

Mar

21%

Jan

78% Mar

97Is

Jan

23

Aug

7%
3.5

Jan

19.

.1.7%

Jan

12

103%

Apr

134%

46 %' Jan

22

33%

Apr

49%

47% Jail

21

% 34%

135
„

Jan

43

Jun

9%

22

100

Telep Sz Teleg Co

American

9%

16%

2

'

Oc„

4% Mar

29
136%

/

Nov

59%

6*4

16

1913 Jan

Jan

6%

Apr

24

5

14

Tobacco—^--^-----^--25
Common'' class"'W.25

Amer

11,200

46%

117» Jan

2

14

91

100

L

8

Jan

Jai

12

35% May
132 % May

d 4G

17 % Jan

Sumatra.Tobacco.———No par-

Am

600

-

;

130%

46.Va.

Co—.———No

Preferred

500

2

Li.—100

Foundries—_

165

::

6

13% Jan

Apr
Jun

52%

22

Jan

100

preferred-——;

3%

a% May

22

37% Jan v 7

par

3,700

47

i'

15

1.000
4 800

.

23 >

130%

,

15

11*8 Jan

142 Va

Building. CO—No par

AhiT Steel

5,600

6% Jan

2

Snuff-VV-->--4^--x.-25

American
6%

21%

18

x

600

159

«

21

cony,.preferred—

tPreferred

310

'

2

100

1,200

13%

23%.
39'A

*144

21 'b

*13

6 % Jan

10% Jan

,No par

1—

4'/a7c

91/4

39%

Saii'y—

Rolling. Mill———,25

1,690

'

*g%

Stand

&

Preferred' 41,—
American

10.200

58

.26%

38%

■

150

21

57%

'■A

Rad

Am

I-—

•:

11%

27%:

*145-

.«

38 Va

21*8

158

--

11

38%

.

146*.,

*37%

150

13 %

38*4

146

38 Va

"144

9

38%

'

147;

"3712

150

9

9*8

9*«

;

6%

6%
158

10%

;

146 "2

*144

150

6%

158

11%

57%

,

9%

*37%

:

6*4

6%
*151

158

10*4

58

9 %

6*4

"151

158

11%

38%

46*4

4

22

40 Vi

35% Mar

18 Vb

*151

147

t

19

22% Jan

par

Oct

Jan

21%

13%

132*4

814 Jan

4

_No

5

Dec
Nov

7

18%

39'%

*45

,2

A'Metalspar

12% Jan

May

21%

28%

*21*

7Va Jail

20% Jail

Mach

Metals Co Ltdl_ ;

16

•

5%

18%

13%

.

7

Jan

83

37

21

38%

14

12 V4 Jan

12

22

.

Apr

17%

28%

*U*t

20

"Jan

8% Jan

40

2

Jan

20%

13%

.

1

81% Jan

Arrier

V

4%

15

100

Amer

2j0

5% Jan

2%

JV6 par

Fdy Co.'

Dec

Mar

25

2

2,500
;

16

2

&

"'"/■'•■I 850

21

■7*tJan

<:V. .7.900

23

1 Vo

16

Jan

"39% Jan

Amer Macli

117%

23%

3% Jan
5 Va Jan

41

par,
.

Oct

56

18%

39%

211A

28%

13.

Li

10

117 "a

117%;

pi'eferred_4l2L2J~-ii'250

conv

4

21'a

28%

*144

28%

,

5

-

'

17*4

39

*37

*116%

28%

3%

22%

8 ivr

22

'514 Jan

•

par

ol 'I1LA3-2

LoComotive_%___„Ab
.Preferred A
V_

1,400

.
.

2

Co

Jan

3614

20*h

9 %

146%

117%

1

12%

1

2

-i

55% Jan

.

11

4% Jan

2

_„_100

American

900

82%

Jan

371'4 Jan

Invest

v-

"

par

preferred

Oct

3%

.

Dec
Doc.

19

58

%

%

28%

8%
22

5%

30

7.900

12%

,

Ieei%iii:

6%non-cum

'AnierVInternat-CorpiV__JVd
American

v.'

35"

Dec

21%

28

13

8%.

American

82%

12%

21*8

•

,

Cqriy prefei'red__l,2-.A___V-50

Dec
Dec

32

6%

6 Va

8 %

.

2

49'4

18%

1118

*,9

'«'•

8%

117

1

r>i

11*8

-57%

12%

8%

Nov

Nov

par

,200

45

,*41

3

25%

JU11

Hawaiian" SS^Cd—lA-i-IO
American Hide &. Leather^
1

4,300

i

7%

Jan

3 % May

161/4

par

$7

300

Ja

21%

.

158

11 %

1212;

'

OCL

92

".

par

Np

'

preferred

9,100
i.

Dec

Dec

22%

6

Jan

Jan

Dec

18

26 % Jan

Jan

Mar

7%

3%, May

Jau

14

Jan 22

.

17% Jan

2

6:% Jan

2419 Jan"

Export Lines Inc_i^___Al

American Koine -Products.___—2_21

3%

20'/a

16.

69

15

.98

Oct
.

73%

105

par

preferred^»„*»!-^*^100

1,200

:

3%,
43

■

*6

-82%

;-

.21%

28*4

M

-

82

-

3 Va

5%

.

8%

811a

8

.

43

8 Ve

V 2.1 %

117%

28'b

*40%

8'4

•

*40

5 'A

61a

12'A

a

8%

117

.

29

43%"

.

*6

81%

21 %

21*«

.

117=%

28 Va

6%

6%
*151

22%

.

12

8

8

.22

,

6 "2

8

81a

41

5%

1

Jail"

32

American

2,200

54%

54%
*

'

3

.

40 %

5 %

,

*40'A

43

8%

8

7n

*5

*5*4

8%

8

*117

*"40

43

3

40%

*39

12%.

83

21

•

'A.

82%

83

8

.

8*8

8 %

217»

42

314

31,

42

5 %

.-

33

Oct

130

$6

1,900

*35

*2%

*35

*54%

2T8

3

Jan

4

.;

'

*24! 4

shared

per

"

$7

1.600

-

Highest
$

share

2

European Secs___.,__,No par

Amer

15,900

44%-.
34 %

44

per

4

preferredli-.Li__„i_2,100

American

5,900

*33%

34%

&

Disiilling

Amer

17,800

'

1st

American

200

50%

8 Va

44

42 %

41.

40%

•:

1,600

4>%

2%

50% "
8%

8

8

:

*33

1,700

7

25

2%

2

.47%

2
48

2%

2'

*6%

.

•6 %'■

$

20

.

•

conv

Aine"

1,200

share

% Jan

10

5

27% Jan

J94;i

5-u Jan

5

Jan

ner

for Trevious

Year

3% Jan

Corp
*-1

Car

American. Crystal;

50

-..

16%

24%

6%

.24%

-

41

33%

6*4
24%

300

5,700

.

100

16%

2

7%

.24%

46*4

2

47! !r

41

41

<16%

-

18

■*98li

100

*98%

<16*4

*6*4

25

47

47 i'a

100

247«

7

.

1%

2%

46%

8

42

2

7

25*8

2%,
47

47

2

2%

*6%

2514

V,,
25%

'".'•-17%
'

98%

*

;

'

17%

17%

25

'i

600

t

share

127% Jan

^100

•

•

Radio

Amei'ican..Chi.cle_-,_A_-—.^_VNo per
Am :Coal Co. of Aliegh Co N J___.,25
American. Colortype Co
10

19%

*6 '/a '

.

,

^

Lowest

i._^25

Chain- &

Am

.

JJiHige
Lots

1

2_,iVo par

preierredi

&

Preferred

5%

98%,

Shoe & Fdy

conv,

Cable

American

110

98%

1943

100-SJnre

Highest

4% Jan

-Col'pL—-V-l™All

tPreferred

14,000

69%

of

8% Jan
47

50

American

100

175

28%

67%

10

Note.

Bosch

Brake

5 % %

3,200

27%

7'A

16%

76%

Basis
Lowest

preferred__l.^_

Amer

12,100

761a

175 Va

110

98
/:■

3%

67

*10812
-

Am

6 %

110

130

3 %

27*a

19

110

*98%

■

■

2.000

Bank

American

3%

76

175

175

a

27*»

1,400

32

*123

On

$ per
American

5*8

31%

130

3%

Range for

YORK STOCK

EXCHANGE

1,700
V. 350

'

47%

5%

32

*129

3%

761-a

75 7it

Monday, January 25, 1943

Shares

10

10

.*47

NEW

fo-

the Week

share

per

5%

31%

31%
130

G9-%

*98%

51a

3*8

68*4
.

4*4

130

27

*

10

47%.

3*8

76%

175

10

4*A

32

] 30

130

J

share

per

47 %

9%

*47

5'A

S

8al*s

•

Jan. 22

47%

9 %

47'4

Jan.S1

share

ver

Friday

Thursda?

Jan. 21)

J

FINANCIAL. CHRONICLE

STOCKS

Wednesday

share

v.r

&

PRICES

BALE

1!)

'■9'/,

9%

47=%

4

Jan.

share

fter

10

9%

;

t

AND

Tarsday

Jan. IK

16

COMMERCIAL

Jan

Jan

Jah.:

Apr.

150%

Apr

143%

Jan

7%

Nov

33%

Dec

Jan

•

136*

137%

136%

1

138

137

1371%

137

*133%

138%

139%

139

A.138 %

j

'

7%

33%

3*i

59

*58

4%

-

3%

:-

4%

4%

4

58

59

4%

60

%

4%

4*8

.

3%

4%

4%
59%

4%

.

59

4%

i

59% '

*58 Va

4%

4%
63 %

2,300

46

46

25%

25%

26%:

25

25

25'.",

25 %

17%

■■"

17%

,

....

*111%, 11178
*1%

1%

1%

35* y

*109 It

4%:

52

52';,

*50

:

*16%

4%

lll7a

*10%

1%

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1

34%

35

a

103%

110

3'!»

3%

33

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4

%

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.

7%

7
■

,

.

4!j}

-

;

'

■

1'

2

36

109 7

109 7

a

3*8

s

62

.

4%

:

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7

7 %

7%
77

m
V

7V»

"

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.

,

*110

is

49 /■'.

49

32

19

3 I'a

Dec

5%

Jan

22

51%

Dec

76:,s

Jan

7%

*7%

4%

%

7

i'a

/

7%

99

7 '

-

77

-

*62

65

1

•:.62

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29 %

-

7

*29

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•

718
75 ' :

71a
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*

VV
7

*4%

•

29%

"

76

:-v.

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•

i

77*

7%

'9,500

7%

' ■'

63%

62

'

29%

*'29

V: *73

63%".

29

19

24

17% Jan

16

-

5

1% Jan

/

1% Jan

22

Jan

110

1

27%

Jan

1.7

Jan

112Va Mar

May
7% May

':

Ja.hrI

30

Dec

Jail

28%

107

18

IF

Jaa

50

;

.

12% Mar

12

14

36

5

Jan

Jail

10 Va Jan

112

5%

Fer

12%

Mar

Oct

,1% July
36

Apr

Dec

Jan

20

Jan

2

3% Jail

16

Jail

2

53% Jan

22

42

Sep

67 Va

49

Jan

20

20

40%

Oct

66

Jail

30

Jan

2

49
Jan
32% Jan

18

21

Jan

33%

Deo

6% Jan

.9

7% Jan

19

4% Jan

7

4% Jan

19

108% Jan

pf 7 7c

3
46 '

Corp

<

■

2

102

2%

GVVJan

Dry Goods

1%

Jan

75

4

4'/«

5% Mar

V":'! 2%

Apr

:/79

Covp„„:_—

111% Mar

Sep
Sep

8%

May

22

>■

'V

4%

■4*4

-

82

Apr

6%

Jan
Feb

Nov

Oct

July
Jan

6 %

66
291

•

25% Jan

22

preferred:

Associated
1st.

preferred:!;

72

% Jan

Jail

15

63. Va Mar

77%

7%

77

*62

■

29%:

4

Jan

34

Co

Constable

Arnold

Artloom

300

99

Jun

4% Jan
46

13

preferred

Cork

Armstrong

vi. loo

5

*87

.'•V-

7%

32%

385«

22% May

20

7% -preferred—^-.

V'i 100

r

Apr

18

22

10% Jan

of Illinois

$6 conv prior

2d

prefcrredLL

59

Jan

7

63% Jan

21

53

Jun.

83

Ja

29

Jan

5

29% Jan

7

20

Jan

28%

Dec

preferred—-III——:•

100-

Jan

4

12

81%

Jan

100%

Dec

Topeka & Santa Fe—
preferred..---———

66 :

'

66

*29

64

29%

.

51

& Co; i Del)

Armour & Co

3la

Jan

26*4 Jah

16 % Jail

Midl'd—

Daniels

70%

Aug

2

2
11

111% Jan

par
% is

Paper Co InC—L—

Armour

3,500

*47

...

V-

7%
5

4

*87

53%

32%

99

*4%

4%

i;:«6 fvv

800

18,200

52%

32 %

*7%

7%

*4%

*

-m

3 •%

W

P

r.:

Copper" Mining

39

11

24

Corp—.—12.50

div preferred-----—-...._No

Archer

1,200

110

3%

53

51

$5

Andes

Jan

4

59% Jail

24% Jan

42% Jan

Cable/:--. ...No par

&

Anchor Hock Glass

100

400

A

Nov

4% Jan

140

1,000

Ja.i

4

Apr

63 % Jan

j

1%

1%

116%

5

W

35%

110

3%'

32

99

.

*72

78

*62

*62

110%

*49

31%

1%
35%

8

108 V4 May

2

Anaconda

;•

Jan

4

Apr

5

V

10%

22

22

\

Jan

t 560

17 Va

118% Jan

120

I- /: 3%' Apr

3% Jan

£5 prior conv

;

18
22

5

55

22

Jan

55% Jan

preferred- I—I—25
Copper Mining— -—50

■..

111%

1%

51%

51

V

*10%

37

3%

27

;

*16%
;

'

99

*87

99

*29

*1 Va

'

111%

'

lOVa

*351a

51

''

*7.3

'

%

*25

.

17%

32 %

4 '8 A

,

:

111 V'a'

10%

55

32 Hi1

25 Va

26%/

3*«Jan

Jan

7% Jan
35

par

_No

Anaconda

100

8

Arrier Zinc Lead k SmeltL--

6,800
%

:

115% Jan

139

6

par

28.400

48%

26%

111%

3%

%

*44%

*16%
.

11

52%

t'4;i

.

7*4

"71:,

*4'%

"

*25

■

32*.

32*4

/

*

17%;,

48

28%

25 Va

17 Va

111 "2

'

55

"49

.

i

10%

52=1,

52 In

'

55

°82%

3:

25*

•

111%

110

3 '/■»

3'8

"

"44 la
3" 25%
,

*10%

1%

*109 lit

110

3%

25

*< 6 '/a

36

36

25%

25*.,

48

25%

"Ill's

.

11

'

35%

*44 I-'.

.

26%

25 IV-

,

111%

*10%

48

25'2

17%.

*17

.*111%

..

11

*10%

"43

,

EleC-_—.<.No

Woolen

'

:

46

25%

*43%

14

Jan

preferred————„No par

1st

American
■

2

6% Jan
32

_14

Preferred' _>-..V_-2—-.2- —-100

$6

3,700

62%

Wks &.

Water

Am

400

4%

4%

4%

£.700

61%

.;

go

3%

Corp—i_

preferred-4——iV——-100/

5%

200

129% Jan

——100

Type Foundries Itic—„l_10

Amer

American Viscose

7,800

118%

118%

preferred

f67r

260

10,000

35

3%

*58%

*4%

*

7%

7%
34

119

3%

58

58
:■

60

7'8

34%

*117%

59%

4*4

60

.

7%
33%

1

11.8

3%

58*1

4 %

.4%

60

.

33'

118

3*4

2

7%

7%
33

11.9

31

3%

*58 Vfl:

4%
59%

59

7%

33%.

"117

118

*1161a

3%

7%
33

33 %

33*8

118

*116%

7*4

7 %'

7 %

33

5

;

200

i

,

V/;

100

Assoc Investment Co%

11

Jan
1

'

*100%.

*100'%

102

1001

102

100 Vfl

a

*100 J

100 %

*100

101

48

48%

49 %

48

49%

48%

48%

49

69

69%

69

69

68 Va

09

68%

69

6914

69%

28

28%

28

28*4

27 la

28'A

27'A

28

28

28%

*21

23* b

*21

22

21 'a

21'2

*20 %

"*100

21%

43=!n

•

19%

44%

*44

44

44

*107*i

*44

44%

19%

20

19Is

*107%

20

109 %

110

10314

7 1«

7%

7-1-4

7%

*50%

51%

*50%

51 %

*55%

56

55'=a

55%

*113%

115

*113%

115

7 I'm

,

*44

'

7%

551/4

7 :;

v

55%

*11217

*44 Va

44%

19%

19%

111%

7

•

7

7 'A

8%

"

3

*2%

55%

*113'

8%

*71:,

7%

3

•>

*31

32%

33

71

"2%

3

32*8

*31

63% .'_
28%

8,800

*2014

21%

200

*44 Vb

19%
*

108,Vb
7

:

55%

55%

56

56

115

*113

"

*7%
•

7%

*7%

7% '

7%

3-%

3*8

3*i

13 78

12 'n

3 %~

6 %

1,000

3*:,

2%

3%

3%

Atlas

31%

33%

.,

3%

31

33

*

34

3*8

3 %

3%

3%

3%

3%

640

3%

11 %

11%

11%

11%

11%

11%

11%

11%

5 7c

>

Jan

53

Oct

60 Vs

Jun

72%

Oct

22

19%

Jun

34%

Oct

Jan

8

21% Jan

19

16%

Jun

34

Jan

Jan

preferred.—

4
16

1.4%

19

99% July/

Jan
Jar

109%
-

Feb

G14

Sep

7

21

46%

Apr

51

Dec

56

Jan

14

43

May

70

Jan

12

•7% Jan

18

-Tan

9

Jan

7% Jan
51

115

Jan

13

111,

May

116

Jan

7% Jan

22

3% Jan

21:

7

2% Jan

7

,28% Jan

5

3 % Jan

—ss~~~———No par
Corp,-Of Dei (The)!——_3
A

45%
23%

Apr

14

50% Jan
52
Jan

Corp.

Mar

Jan

Jan

4

113

33

44
20

108 V* Jan

4

7
19

Nichols!;:

Aviation

19,100

<

27%

22

28% Jail

6% Jan

conv

$5,prior

19

69 % Jan

18% Jan

p refe r red—_

Austin

49 % Jan

2
13

<44

Powder-—.

Atlas Tack

7

Jan

108'4 Jan

Corp

600

Jan

19

conv

100
-

'

3%

Atlas

101

26% Jan

preferred—.
Refining.;
pref series A-

800

7%

*2%

3r'

32

5%

6,300

115

*113

44% Jan

RR_,

Atlantic
4 7c

7

" "

Line

G & W I SS Lines..

loo

56

115

Atl

4.900

7%

51

Atlantic Coast

200

.'

111>4

51

57*

13,700

44%'

51

Atch

30,000

20

51

1

*71;,

*2%

4914

27%

•

'5%

50

69%

19%

"1081a

j

48%
-

51

*50

115

*201-2

1.11%

*108

59 %

21%

44%

19%

19%
108 Va

50-1)1

.

47%
V.

100% '

2

34

Jan

22

3*4 Jan

6

».

7

Apr

114

Apr

15%- Apr
2%

9Va
3%
31

Jun

4 Va

14*4

Jan

Jan

Dec,
'Dec

Jail1

B
12 %

12

■

3*.t

3*,

3%

3%

3*i

3%

3 "8

3*4

3%

3%

3%

3%

G-'M

C*.t

6%

6%

6%

67

6*8

■6%

6%

6%

6%

6%

6*8

6 Va

6%

6*a

6

»

6%

5%

5%

6

40

40

40

39%

39*4

*39

*12 V2

127«

12* it

12%

*12%

12*i

12%

12%

5%

5*8

5%.

514

5%

"5%

5%>

39*4

*

514

33

33

39%

40

-

121

6

39%
a

12%

5*4

6

*32%

33

6 %

39%

12%
6

1

>

10,100

>
.

5,000

i

1,700

6%
40

12%

460
'

11,100

6

Baldwin Loco

5,500

.1,200

2

5% Jan .-'2

Barker

12=%

13

12%

13:

12%

12%

13

13%

13

13%

14*

141%

14%

14%

14%

141

14%

14%

14%

14%

14-%

24%

*24%

*24%

24

t'-j

24%

24 %

24%

24 %

-

700

Bayuk

*24%

25

~

25

25

24%

.24%

<

500

Beatrice

*105%

110

*105%. 110

*105%

"24

25

24%
*

105

t

.

A27

*92%

24 'b

29 %

23

25

*105%

'

25
110

*105

29 %

*27

*27

*93

94

*92%.

94

10

*978

10

13

13

13

13%

14

35

14*8

34%
14

35

14%

56

*55
24-1/t

9%

58%
114

*55

57

25

26

26

9%

59%
114

For

Fotnctes

■

: 110

*9%
34*,

24%

*24%

24 7«
108

9%
58%
114

see

9%
58 %
114

page




319.

■

■

9%
13
34*«

■

29%

■

29%

*27

29%

94

*93 %

94

*27

33

110

11,600
1

5,700

,

29%

*93

93%

97b

*9%

9%

9%

■

13%

12%

127«

12%

12%

12%

35'«

34*4

35%

35 %

35%

35*8

35%

14

57%

58%

1141V

114%.

Works/Corp.—

Iron

Cigars
•

Jah

6%

Jan

16

4

Apr

14

22

Jan

'2

6

5 V, Jan

13

Jan

21

Jan

13

' 20
.

x—1

Lnc—.-2-No

par,

;-25

Creamery—

Ja.i

7%

12% Jan

,_50

*13%

14

14

14%

*13%

Jan
12% Jan

5

2
13 Va Jan ,7
23Vft-Tan. 7
24% Jan .10

/ --'•;
—

55 Vt

55%

55%

*55

25!;«

*24%

25%

'8,600

56

25%

Belding-Hemingway-—1—:_No par

2,100

14

5514

;

Beech-Nut Packing Co——

700

12%

9%

Bath

4%

Jun

40'4 Jan

Co—:——1 ——_.5"

200

9%

26

Gil-

Jun

4%

." 123a Jtn

preferred w w--_——.1 .No par ;
Beech Creek' RR
2—_—4——!50

94

*9%

56

preferred—-—

5%'%

Bdrnsdall

2%

18

,'6% Jan

34'4 Jan

J5

110

9%

14

9%

■'*27

*32%

9%' Jun

18

,

6'

33

,13% Jan .22
Tan

16

pa V., 'Tn

22

Jan

.4

14%

25

1,100

BClI

AirCraft

Bendix

20

Aviation

Beneficial

Jan ,12

93.
.

Loan—2--No

Indus

12 f

.

14

1

.

Dec
Dec

Apr

6%

Nov

24% Aug
8*s Jan

33%

Dec

12*4

Dec

3,2%

Jun

18%

Jan

15Va "Apr

X2314

Nov

4 %

20

Apr

26

Oct

Mar

105

Oct

Jun

30

Feb

Jan

22
i«t

9 1b

Dec

19

Apr
6% May
9% May

110%

'ni

13V4'Jan

17%

Ndv

21

2814 May

39%

Jan

1514

Nov

:

in

2
4

34!4 Jan

par

Jan

i?4

*

9%-T<>n

—iT

;

36

Jah

13%

•23Va

•'

—-5

Corp.!—.

6 Va Mar

103

-——

'

94

*55

25%

„

-

16

3% Jan
6 la'Jan

,

6

J

-——■—No par

Brothers

13%

33

OiiiO—

12% Jan

10% Jen ,"2

2

14%

33

/

3% Jan

1278

33

t C—_—_^13"

'6 * Jr.n

33

33

v.

-100.

&

4%

33

.

Works

preferred———;——100.
Bangor & Aroostook.!——— _—.50
Conv 5l7c
preferred—j,—'-—-100Barber Asphalt Corp——_—-—10

Baltimore

35-% Jan

64

Jan

14% Jan

4

.9% May

55% Jan

20

46% Mar

54

7

25

-Jan

18

17^8

Apr

24'4

Jan

5

10

Jan

15

8'/s

Dec

8%

Dec

5°71 Jan

22

66%

Jan

114"% Jan

19

Jnnil

"

"

25%

300

25*3

-

Pr

900

Rest

pfd $2.50 div series '38.No par
to Co."i
li
i-No par-

.

55% Jan
223-- Jnn

•

8% Jan

20
.

Sep

'

9%
57!
114

b

9 '•>

58:%
114

9%

58%
11 xi

<

9*4

9%

9%

59%

58%

59 %

'14%

174%

114%

7,400
16,900
'

:

800

*_i_;

Best, Foods

Bethlehem
"1<

Steel

...

(Del).—„-No par

preferred—

100

.

557fl Jan ; 7
110% Jan
4

49% May
105

July

121

Jan

THE COMMERCIAL & FINANCIAL CHJRONICLE

Number 4145

Volume 157

tOW AND HIGH SALE

Saturday
.

Jan,18

9 per shara

14%,

9%.
"70

14%

16%

1474

14%

.

76.

80

10

43%

*76

,

1)0

■'

16%'

.14%

29%

H47«

•VB/■'

>>

29%'

*16%,

6'4

*974

■

,29 Mj

>

17

6 Va

14%

•

share

17:

*29

29

6 *#

•

#93.4 ,10 '4

16%,

42 %

:

10 *4.

15

8U

*27%

16 Va

"6*4

6%.

/«9%-

.■37a,

.

•

14%

•

•28,%

8%

:>fi*a.

17

6%

6*4
15

*974

!.1Q*4
80

;

the Week

$ per

$ per share

,,

Sales for

Jan.22

Jan.

# per lAara

.16%

281/a

no-%

6'/a

•H

'

*27%

17

,

6%

STOCKS

Friday

Thursday

Jan. 20

i

J pgr *nar«

I per share

*27.'/* '28%-,;
17,

Jan. IS)

.

PRICES

Wednesday

Tuesday

Monday

Jan. l(i

17

iff

-421a

,43

*91

: 92 %

*

40

•

*974

800.

'23'a.

23%;

'27V

2774

97H

...

C'U!,

92,Va

riH%

407 a

.41

,*40%» .,42 >

11-

23,'4

28

2%

10

■'*27%.

"38 '

23!'a

28

27%.

*2774

:.*17%:
237#-

Bloomingdale Brothers^
Blumenthal & Co

30

*27%

30

20%
9%

.

r

23%

287# /

28 Va

27#

■20%.

*19%

20%.

,2174

10

9%

,

»

.

*20
•

974

;

10

:

30

.

21%

34!

y

/

.

217 a

*38%

40

40

•20%

(

•. U

•"

:i\

.

Si

r

1%.

"•

V

■V/ -tV '

:

34

34

..

*38%

"34

*33%

;

35 '

14*#

a

3%

*15

14

36%
14 Va

.7%

■7

7*4

•

*104%

3%

37#

,-374

80'%

79'4

7%

7%

77#

34

•34

*38

,

*59.

21%

60

*55

56%

*59

56

10%

10%

50

*46

24%,

j 243 a

57#

21'4

*46

50

25

24%

5%

214

5'%

*34:

3%

10*#

79

10%

74Va.
17*%

'

17!#

17%

23!#

.23 *,'4

*53

*23*4

57

0!!.

23'4

*53

74

21%

6%

•

6%

•

■

16%

16%

147#

1474

,

*28

31

'

7
37

*36%
*4%

•

6%

;

V

26%
'■

82%

*129

8674

3%

*3'4"

,

827#

37

■

4%

86%
27

27

837.,

82%

79%

V
:

>:•

Feb
Jan

Jan

237# Jan .22

187# Mar

2274

Dec

28% Jan

1974 Jan

28%

Dec

5

25

207# Jan .22

xl5

20

Jan

T

9

Jan

4

2

1V4

3%

Jun

Oct

Mar

31V4 Nov

May,.

20 !4

Sep

10

97#

Nov

Jan

16

77#

Jun

22% Jan

2(5% Jan " 4

par

33

—

i.

22

15V4

Jan

26

Jan

Wheel—'—No' par

Budd

3

14
13
7
8

30

,

21%

Nov

35*/s

Nov

43

Jari,

:

Jan

>

300/

,

700,

Buffalo Forge,/Cq--_7.-——j.-—.'1
.Bullard Co__7-w-No par

Jan

900

'

23%

23%

■■

147#

Dec

8%

Jan

112%

Jan

X103 !# Mar ;
2*/4 Apr '

19

Oct

3% Jan

15

3 V#

Dec

18

47%

Jun

85 V#

Dec

•7% Jan

22

57#

Sep

77#

Oct

Sep

4

5>

15%; Jan

22

11V4

4

21

Jan

15

6

25V4

Jan

4

16 V4 May
1.9% May '

20 V# Jan

2

22% Jan

17%

-

23

>

■57

■

•

3% Jan

21

Jan

2% Jan

49

2

9 V# Jan

'& Zinc—1..7.5

2074

Dec

57

Dec

55%

Dec

20

6

0

Byers Co (A M)

Nov

51

18

4

Jan

107# Jan

2

preferred—30

Nov,

6 V4

■

18

28% Jan .22
'

:

21

474
197#
2*#

.3% Jan
10*A Jan

16

8

"•74% Jan

18

69 *#

16

Jan

.9

17%. Jan

10

10

California

1,200

22% Jan

7

,.•23% Jan

:

2

1

5 % '

Packing
-ii.._No par
preferred——z.—
—50

44

Oct

6*A

Feb

21%- July

Apr

>,37#

Jan

6% Mar

8

107#

Nov

Dec

95

Jan

Jan

17

Dec

••

16%

5

.

Oct
Feb
Nov

24%

Feb

5

Participating preferred/;—J-T-10Q

3%

Sep

li

Jan

——No par

9 s#

.

#

Jan

6 V# Jan

21V# Jan.

2

Byron Jackson Co——No par

57 •:

Jan

2 V# Jan
40
Sep

r

72«

Copper

2,000'

>

41

4

2674

22

Bi Va Jo 13

Butte

cenv

250'.

*4 '. 23%

*53

27# Jan

Jan

.5% Jan
207# Jan

1,800

>

,

17 '4

•■

;

,9 V# Jan

:

■

14 V# May
53
Apr

5

•

1574 Mar
Oct.

25

.

22

57V4 Jan
57

—————+.10-

1,100/

•

10*4,
74

5%

5

13

Bldg 7 % preferred—100

Bush Term
Butler Bros
,

Jan

557# Jan

Bush. Terminal————r—1
G'7c preferred -ji-—./—— T-100

2.600
400''

:

1074

.'

2,730
j

37#;

•

57

pfd $2.50 series-——7

Conv

Burroughs Add Mach———No par

20

:

*4;

7374

■',.

"

•

'

■

7,800!
12,900/

21%

,.3Va
-

17*4 :

..*,53-,

28

>

•,

■7374"'

V

>6.

*20%;

.

'10 *4,

Apr

.

247# Jari

;-'-Conv pref $2.75 ser—No par

49

57/«

-

••

-37# v:

.

Jan

9%
6

14 V# Jan.

Watch--.^.-/—— j-V-No par
Burlington Mills Corp———l*

400'

V374-

27*4.

6*4

Jan

Nov

35

19% Jan

.

Bulova

2,500

,

10'/,

*47%

•

217/2

Jan

107<

80% Jan

6% Jan

.

60

"57,

3%

27 Va
.:

Apr

1V4

-

;28'/4Juiy

.7% Jan. 22
106

Apr

7.

Te

V#

Apr

1-

.

14 V# Jan

.

Apr

.Ti

>

18

■'

Jan

-

Jan

35% Jan

Jan

■77

.

107# Jari.

67# Jan

:

-——.-100

4

7# Jan

'

293# Jan
■13

Jan

'iv# Jan

-

•9'/a Jari

*

.

39
■'

/l, Jan
*1V# Jan

104% Jan

preferred-

•

35'

27 V# Jan

?//#'. preierred-A—
7 %

Jan

V

-.5 '

Co——

•Bucyru«~Erie

8,100'

22'/2'

.

;

lQ'/a

-

49

■

*17

Jan

50%

227#

Deo

53%

Nov

i'/4

Jan

77#

Apr-

Nov

'

%'

:'% ,'■

...

-

/-

74

•

.

,74 V'

./

*28*4

87

Callahan

1,000-

'3%

'.'82.;,,

-

Zinc-Lead—.4——_i

1

7# Jan.

•

74 Jan

3%

.374

79;'.»

80

*129

40 '

'

87*/a

■

V#

6

.

Jun

:

,.

85

,"■■374'

847,

V

600

,

,85

129.74

400/

\

2,500

12974-

•

Steel
Carriers & General

10

.

Case

(J I)

Preferred

117#

Jan

1674

9 */»

Apr

15 V#

Dec

33

37#

Jan

~7

2

;

■36 *A Jan

21

:

4V#Jan

2

Jan""7

37-

6V#Jan

Jan. 19

;

4% Jan

.

12

.

./10-:
Ry_——100

Jan"7

x85

25 */4 Jan

4100

8

77 V# Jan

•

11

V# Jan

87 V#

8

3 V# Jan

Corp4_—.1

Co—_—

-

Jun

297# May
1% Feb

Nov

Dec

Aug

77B Nov

37%

:

Feb

474 Nov

32

5-

-—..7.*

•

6

38 V#

Dec

Apr

89

Jan

Jan"22

,27 V# Jan

20

374 Jan

,,

Apr

77

——i—

Carpenter

.

15'!# Jan

574

16
22

27%

•

22

T'/sJan

167# Jan

—1

7 $3 -preferred A
4
Carolina Clinch ■&, Ohio

"30

87%..

,3%

••

.

Capital Admin class A

,

*27%: 28

12974

*129

V ' 474

*47#

*38-.

3 74

.

.82.

129%

.'

>

■

: 500.
1,500

18,800

>

*36%-.- 37"%/

■

28

.

•7

/,

7

137# Jan. 13

15 V# Jan

Campbell W & C Fdy
No par
Dry Ginger Ale4.„
...5
Canada Southern Ry Co4_
,..100
Canadian Pacific Ry
4
—4—25
Cannon- Mills^.
4.-4 —.—No,, par

Canada

30%'

674,,

.

.

87

*27%

.

•

40.

.

4/000

4

•6V2 Jan;

Calumet & Hecla Cong Cdp--^.—>.5

.

1,700

15 '/a'

*28%

",4%:. '

.

87

.

7

5,800;

.16 7#1

15

.'36 Va

■

*4 7a'

*38.

27%

* 3 Va

,

38%
.

,

87

;

27%

•

7*4

•

16%

-

31.

67#

<

.

4%
40

,*86%

.

Z

3,7,,.

4%
*38

1

-is'

*.287#

,

OT'a.

*36 V,

■

...

16 V#

14.74

31
'

67,

;

•

.

•14%
;

;7/-V"

,

>.18-

15%.

147#

'*129: 12974

1297,

*129.

227#
*59

>6%

1574V-

,27

3%

.

95 V#

407

22

Jan

—No par
Eruns-Balke-Collender—i.—No' par

190/

*25*4. ,25%

■'

3%

...

,

10

c

•

:(>%

•

.

4%
40

*86%

37.',

*3%

12974

,

57

>■: n
/

7

*37%

,

27

26%

37

47#
40

Dec

'17%

17% Jan

31

7,2007 ,Budd (E G) Mfg————No par
:

•21 ;>

57

*72%

23%
:

'

*4%
♦37%

>86%, 86%;

23%
■

31

,674

.

36%

/3634

;

4%
•40

>3774

7;

•

3%

•

.

67#

.

,*28

•

43

72
May •
307# Apr
13 V# May

93*% Jan
8
41!# Jan 22

Jan

16

Brown Shoe Co

3,500'
30/

'

,

.1574'

21

-

.

10*4

26*4.

737a "
17*4
17%

16%

30 Va

•28'

May

'

'5%
:21.
V 374

.57,
2134

.

3%
3%
to
>10 ■

14%

:

•

26 Ms

57a

"*53

i4*%

14%'.

y>;

•

58

49

73%

:.i5%

16%
.

25

'

6%.

6%

16%

.147#

22

28 Vj Jan

Bristol-Myers
Brooklyn & Queens Tr——No par
Bklyn-Manh Transit—4Not par
Brooklyn Union Gas.——No par

2,000.

t

.77#

:

,1574

>

60-

V

10%

/

49

24%

*21

%

Hi

22'4

.

57

*53-

25 V,

/ 37#

3%

23%

23*/a

57

:%

*U

Jan

Jan

"

15.74," 0

25 V,

•

*

79%;

'.774.

■

.

20%

*56%

49

.17%

17%

17%

Jan

Co——,T—-5

No par
Co—--.—5

1,200/

.3%

79

20%

25*4

10*8

,74

*73

Deq

21V#

ll

Briggs Aj Stratton

' 2,300

.

106.. {',

374

,

.

774

'*15%

*59

3%
30Va

T/'M3,*,

10 %
74%'

"

•

7%

;

.

106

•••

80

,

.: 1

■

7*/„.'>7%i

/

37a

,

'
1074

57,

37#

3%

3%

10*4
74%

106

■

.

774

•

"3%

..

'

74'#

14

5ff

;;

22

.

1374

21%

24%

5%

*21

22

35%

106,

20
;

35,

60

49

24

6

*21

'

3%

3%

;■

157,

;

35*4,1

*21

•10%,
3%.

3%

12

75

.Jan

Manufacturing---—No;

Briggs.

500.

10'/a,

*59

56

3 '4

Apr

3

100

V ,V
1 ,'/a ■'

10

.17#

13% >14.

7%

•

*257#

80

56%,

10%

'7*4

*1

10 Va

56

CO

*56

10%
■■

25*4
.2174.

217a

21%

Jan

May

9

500

-

;

(

•

".7.%

80

197a

*59
'

34 */»

July

13

Bridgeport Brass Co——--—#0 par

Jan

,

45

■22% Jan

Brewing Corp.' of America---—-15

Jan

7%

13 Vu

58

>2!# Jan

200:

Dec

197#

Jun

8

4

29

,

Apr

16

Jan

■

26:,b Jan

Roller Bearing

Apr

Sep

,

ll'/4

,-100

Corp

Bower

39

.

v%V%

.

"35

37#

.

*15%

207a

25%

25%

25-

.

15%,

15%

>207#

21

22

5

10% Jan

2

17

6,000/

ii:'

10%

■

106

79'a

*20%

Jan

80
.

12

38% Jan

15

14%

10V# Jan

91V# Jan

—

,187#

14

15

15

9

—.1:

Borden Co

7 10,000;

22%'

■ '

"1%

.

TV#

/

'105

7%

25 '/a,
25'#
21 a# "21 %

*48

14

V#

3%

,

'■1374 ,15%

15'4

3%

7

80 Va

3%

21

10

106

106

106

1 */,

■14
■

80%
'■

74
,

.35*4

*35

3%

*2074

35'/,

35%
14'

7%

80

>7!#

•

aov,

10

.

*1047# 107
80

*9%

10 V4

14

1474;
7% >

7*4

.,>i*Ai

*1%

35%

,

,

14% Jan ■ 2
41% Jan .13

.,>__No par

100,

T /'•

;

•97-#

22 Va

■

34 '
3974

,

*38

,40

'hi.::

: 1 Va
.107#

10.

10
/

4

-

1 Va

1%

IV#

<

•

16

Jan

'/

22

Jan

674 Jan

par-

Borg-Warner

'

>i
97a

9% Jan

Boston- & Maine RR

"

■{

207'ai

9 V,

,

22%

21%

5

Highest
I per share

'

38%

38%

V

'

35

"34

34

2lV#

21

.

13% Jan

500.

■
•

17

5

Bond Stores -Inc—

5,100
•

2.74'

Brass_i—

'Class

;

,4,200'

28%

297# Jan

4

I IMS

share

per

'

,207$

>97#

150:
1,500'

<

23%t

■>

■

*28%

:'■•

■'

8

2

76

Year
Lowest

share

Jan

,-„No par

Bon Ami Co class A*/

20,

41%;
'17%

•

1774

•

Bohn Aluminum it

J per

6% Jan

16

Boeing Airplane

2,300;

,

■277a Jan

preferred^-,j,»10O

5,900/

'93%

417a /

-

23%

»

28

>

,274

45

*91%

42%17 %

•

-'■>27#, "•-2%/
*28;
30 %

277#

21*4

10

.*4077

.237#

*2'4

2%

.

.-93-%.

*91%

.

17 * it

*

.

.447#

j.-

10'
•

16 7#

Range for Previous
Lots

Highest

,.5

„Wq

50.

79'4

-

15%

,

'

33

33

23%

:>%

20%

9%

•/

17 %

27%.

,

30

*19%

/'/:|

:

■27 a

*93%;

'

■17%

%■

23 %

23%

27%

23 74

21»4

447#

17 7 a

■

20%:

•

44%

41%

•

28'4

*19%

42%

157#:.

92'4

1'7%-

274.

28'4

43'a

;

15%

■

1913

UtO-Share

par

par

Co_.,_.

.Laughiin Inc

Bliss &

of

J per share

pur '

Black & Decker Mfg Co^
Blaw-Knox

Basis

Lowest

Blgelow-Sanf Carp

■

5,500
800'

11

'

.79'/,.

80-

15%
43 Va

15%

*40%

,

17% ;

*27v

43

: -

.15%

*9i

'

41 %.

•17',4:

'.

"',15%

On

<P«f

300.

•

15

'

Range for

S^OCK

.EXCHANGE

Shares

,

67,

■■15

.

11

*76'

■

•6%

NEW

'

16'/V.

312

21

28% Nov

,22*# July
■

85

-

Jan

2V4 May
54% Apr :

21

.

12974 Jan

22

117

21

42Va Jan

it

30

Apr

Jari.

7

..'28V4Jan

2

15

Apr

18

97% Jan

9

82

78

Jan

9674 Jaa

4-44—4^.106.

3% Nov

Apr;

127

130

Dec
Dec

'

'

41

41 *4

•

41

•

40*a

4!'.#

41%

40'2

,

40%

.

40.7#

40 34

40 Va-

41%

277#

277#

97*

,*121'«

V>: 96%

« u

•■

V79!a.

.

9634

97

97
>■'■, 0

>

27%

967»

>

•121 *4

121

,

V

27s#

97%;

a

79%

";V>,If

9

'■

97

,

121%

96%

•

96 Va

.7974

.18%

17'%

177#

;

99'%

87#

9%

: 79%

277#
*96.

97

,121*# ; 121%
V

8%

27%
'V

97

97

V ' 9 V#

17!4

17%

121!%

121%

27%

277#:
.9674

807#

■

*78:

;

27%

'9674

.

*78

Caterpillar Tractor:

4,000'

9*4.

80

80

17'4

'■>?'"■

"■

*3*4;

•/

47#

■'■'//• ,474

14%

13%

Celanese Corp of Amer_—_—No par
5%
series prior preferred—,—100

33%.
V '3%„

•

0

;

10"

■

,5%

'"

12074

97

,97

934

280,

350 'V:,/

v

80

8074

177#

18'4 '

■■;l"v.-

130

V.5%

:

.

14

2' #

2 V,

*101'4

104 V

4__No

Jan

4

967# Jan

11

8V#Jan.

2

Jari

2

167# Jan

12

par

preferred^..——-4-100

.

5*4 >4 5%

;

14

14

,767#

.

121 *# Jan

9
4-

,

.:. 97 Va Jan
>

9% Jan

110

.

77:.

•:

22

-

6V#

,

80% Jan i22

66

18V4 Jan

16

18

-

.

-.

111 Lt

—_1 /

Co—

1% Jan

,

;

2

2V4 Jan
102

,

90

20

4

*3

Jan-

12

——

13

Jari

2

14 V# Jan

18

3

Jan

7

47# Jan

22

104

preferred—100
•

■.-'•

63# Jan 21

;

,11

,

Dec

97 V#

Apr

;

Dec

,1207#
97!#

.

Apr

Jan
Dec

8%

Aug
Feb V
Apr

Dec

237#

Jan

27#

.

Dec

7574

.

Nov.

\

Mar

17#

Dec

297#

.

1V# May

22

Jan

97% Jan

4V#%

$Cent RR of New Jersey*——__ 100

Central .Vloleta Sugar Co*

2,400

"

Foundry

/Central

Century Ribbon Mills—_Np par

ll,500

V 14

Central

4,400
:-->//■•'/lo¬

4

67#

14

119

100
100

—

—

267#

42 *A

'!?•

2%

104

574

preferred—,

Corp__

407# Jan

.

Central Aguirre Assoc———No par

4,600

"

V 57#

14

■■■'

'■ '

■

■

2d

4_—

prior preferred

7%

.

Celotex

17,100

1774

*101%

7. %

180

.

9%

80

.

V;:'v2 ."••

10'>

47#

.

147'#.

.

T

par

110

Jan

3%
18

Jun

Jan
Oct
Jan

■

3%:

*3*4

.

,*100 :

♦100 .10374
:

10'>

13*%

13%
3%

13%

2

*io'

4 V#

-VVV'/d-VV.';: 4%V';;
.

104

V

974

■

17

17'4

.

2

2'a

*100!%

:

27%
97

12074

121%%
.96%, 97

•

2

2»»
104

•

'

■

2%
*100 Va

V

97-

121%

.

.

9!#

v

277#
97

277#

:

4—i^Nd

5,100
"

10374

337#

33%,
3% :

V

3%

*100.

34:

•/ 3*%
34*4

35%

■v;;,>;34'34%.

34

3 "a
;

34%

-36

34

3%.

*100

•

V.

3%

>

34%

>

.,374'.

10374

33 Ti

,

:v,3%

37#

374

•

*100

10374

3374

37#

*3%

3'%

"

,37a

,

34'%

35% : 37 V,

2,580'

3 74

.

:

Jan

14
2

327# Jan

2

17 % Jan

8

12

34% Jan

-

■"

3%

Apr

82

July

>104

22

105% Jan.

8

Jan
Jan

Products—

2 V4

27

Jan

35

Nov
Dec

Oct

174

Apr

37#

Nov,

23 V4

374 Jan ,21

Jan

327#

Dec

19

Jari

•

3774

37

Certain-teed

•.

Cerro de Pasco Copper.—No par

6,500'

.

x33
,3

Preferred .4—.100
5,800

.3474;:

.;■/: 374

:

500

10374

34%

,V

'374'/:

7

-47#

.

*100

10374

34 •'■
3%

:

35

■

6f*

prior preferred.^———100

37% Jan

.■

22

'

m\i ' 17%'
*18
> 18 V,.

:/

*997#

18 V4

"'■> lOVa. 10%:
>••
'■357#/ ss7#';
*90 :
98
•
3*4

;'/.;•
■"

*7

:

8*4
'i;

'■

27# /

-

12 /%■, 12V,
"V 7%

157#.,

157#

387a.

49

49

*36'%
>48

:

'/■:/■. V#.

.

v%■/

■

-

*

V.I!

1'

■

74-/

12 V,

*12

*1'%

,

17 'e

74

,

15%

"■•

*49

"-'43

12%

ni/2

147#".

:

14%

■

*1%

*14

.

17#

.247,

'

70

697#

*23

.

^

.69%
'

aov#'

*107#
*99
33

*10'%

33

*125
*60

70

110

110
30

30

84

*82%
:

347#.

347#

84

50

40%

34 V,

150

150

■

91

,

91

64

*61%
1674

17

*1027# '106
1874

*18*4
*108%

HO

15%
,

*37#

3
■

64

17%

167#

106

157# '

3

•

1674

.

For footnotes

3

4%

►

-

148

91

91

*1027#

4%

*3*4
•17 V#

17"
see

4

102.

64;.
1«%

106 %

*1027#

106 Vs>

1774

*1474

15

274

•274

4'%
*3%

4%
4

*2%
•4%
*3'/,

17%

1674

17%

16%

16%

*16 Va

70

*110
29 Va

29%

■

*10178

102

"*83.

84

■.50

>".40%

,

,

34%

•

92 V4

'*61 Va

92%.

64

,

17

*670

'*1027# 106*#

'

.

108%

15 V,

"15*/,

157#

*27,

4%

*4!#

4

*3!#

3
.

'>>

4'/a
4.

1674

16%

16741

17

17

17

15%

700
:

f

4

■

2.:.:o

1674'
•

167#

vo,
60U

4%;
,

1674
167#

40

>-3 '

4%

*3!#

1,600'

1574'

■

-*274

,

-

,

7/300,

'

110

.6

Jan

■

4

:

Jun

Apr

16

5 V#

'27%

187/#

,

Oct

100*/# Nov

Apr
Apr

15

V# Jari

37

9%

Oct

30%

Jan

11% Jan

12

137# Jari

4'

677# Jar*

>

7

21

274 Jan
33

Jan

C.

130

Jan

Climax'

68 % Jan'22
'4"
109% Jan

•

l.n

•>'

22

12

16

33

16

33 */4 Jan

Jan

11 %

No- par

Jan

4

No par

Jan".21

10374 Jan

12

May

437#

■

Nov

9
92

7074

.

Jan

15

: May

4

32

Jan ;14
Jan 19

34
3

Mar

4

28

Jun

Jan

18

120

Dec

68% Jan

22

6774

Apr

8

107*4

Jun

36 V4 Jail

130
'112"..

Jan

31

Jan

101% Jan

11-

22

22

42

397#

317#
102

84 74 Mar
50

Jan

44

35V# Jan

Jan

257#

22

Apr

36%

Jan

8

,•

9274 Jan

21

.

62V# Jan

1734 Jan

139

11

i

22

150

Jan

55%

a 06* # Jan

.

107# May
96

14V4 Jan

4

Jan

15

13% May
7# Apr

16

2

1534 Jan

6

■

15 V2

Jan'

2

«..

3 *4 Jan

8

47# Jan

7

Jan

8

17 s# Jan

18

■4

470

,

May

1

May
7# July

Jan

Feb

1774

.

.

Nov

107 %

Apr

15

Nov

63%

Jan
Feb

97 !4

Nov

92

11% Mar

4

Jan

149

.

.56!# Mar

18

2

Dec

Dec

Apr

187# Jan

Jan

Nov

May

47

108 V# Jan

3

Dec

Mar

32 74

Jan -22

4

3% Jaa

Jun

72
112 »/4

May

,7

2'4 Jan;" 2

Apr
Nov

'

'

101

Dec

Aug

125

9574 May

Jan

-100

Jan

1074 Aug
99

Oct :

2*/s

.

Feb

274 Feb
25

Jan

23

17 V# Jan
10a *

vlCO

2.50

•. 1374

,

Dec

470

•

,—2.50

11%

,

Jun :

1

14

4Jan

7'33 "

19

88

100.

Jan

10% Jan
.100

12:

148

'—No par

preferred—4
Colo Fuel A Iron Corp
Colorado & Southern—
4* 1st preferred
*
4% 2d preferred—.
i
Columb Br'd Sys Inc cl A
—

■

•

87#

Jan'21

703#

;

2

16% Jan. It-

conv

-17% Jan
Aug
;
3974 Jan
Apr
52
Jan
July 7/
J# Jan
7# Sep
V4 Jari
17a Sep
'/# Mar /
174 Sep

777# May

38% Jaa

62% Jan 11

Collins <fc Aikman

1374 Sep
7% Nov

•

#
47.

.

par

Colgate.-Palmolive-P«et_——No par
;
$4.25 preferred-.
—No par

Class B

Jan

Jan, 15

I 7# Jan

7

,.100

Coca-Cola Co .(The)—.

'.5%

Jun

Jan

/ 15

2874 Jaa 22
101 !4 Jan

-No par

Preferred

Jan

8%

gtd—'—50

Cluett peabody,, &

274

4 Va

stock4——---50.

Molybdenum.—4.->.Na

Jun

8

12*# Jan -15

•

18

———100"

Nov

IS

17# Jan 22
1 !# Jan '22

;

13

preferred—,4

Dec

874

Jan

•V# Jan

■!

Feb

Jun

387# Jan

13

"5%

18

274
17#

49

12

131 %- Jari

5% preerred
———100
Clev Et Ilium $4.5Q pfd—---No' par
-Clev Graph Bronze Co ,(The)„
1

22

20

17# Jan

;

———100

Louis Ry. Co.——100

9!4 Jan

274

.

*

—

& St.

Apr

2

\l Jari
5
U Jan-12

City Investing ■CO——4———100
City Stores——
—:
5/
Clark Equipment
.No par
C, C.

21

;

■

98

Apr
7#

17

8
; &

a# Jan

89

21

Jan

77# Jan

.

6-

Jan

Jan

'12*4

4

48 V# Jari

*

18'/,

18

>4

:■.

8

107# Jan

■

Class A———:
4_—No par
Coca-Cola Intern Corp..4
Nq par

106% 7

*108
■

1,600

»

17%;

..

>1027#

i8%;.

*18

108 V2

64,

/

2

40.

,

-477#.

17.'# :>

t

3,900-

7

4

Special gtd 4%

92'/,;

147#
93

18

Jan/18

;

'3%

.(

10*/4 Jan

preferted—:

Clev & Pitts RR Cp 1%

3,300;

2

,967# Jan

-

*6.1%

y

115%, Sep

19

-

2% Jan

27# Jan
2 V# Jari

preferred.w.^-l./.^..—T.100

Chicago Yellow Cab.;
NO. par
Chickasha Cotton Oil—4—:
4—10
—No, par.,
Cihila Copper Co*4*--»—4*——.2S
Chrysler Corp..,
L_4.—5

40:

;

50

92

.

.::,

V#

3

84

*49

42 V,
v. 41V2
>7. 3.5 V, '35%;
*148
• 1497#;

.

800

■

*83

.

.

130•

;

,28%'

149 7 a

*148

10
>/

r

101%:

-■;;•

35 Va

68 Va
111

1017#

:

.

20

.

450
.—50
4—5

36
98

copv

6% %
'

400

Order Co

2
5

,.7% Jan

City Ice Ai Fuel——.No par

/>,'./, 70*

2,700

7/ 2874

,

.

41'/a..

!

200

35

>110

6%

'.'■ 20:
■■•

Mail

'Chllds -Co—

8,800

V

7: 3%

68 %

.

-•.■

400'
,

,

*37#

■

■

••

111

~

;

—

Pr

.

1,200

.

-10%

*120 v.. 129

.1774

;

1,800*

$3

,'

4,500

14%:;

4—

No par
preferred
—No par
pf ($2.50) cum dlv
No par
Chic Rock Isl'ft Pac«lC4—-.4.100
7% preferred..4—.4——4.100
:

,

200

%;
1%,.

■70'/,:

Jan

10% Jan

.

337# Jari

r-

Chicago, Pneumat Tool
:

.12%;

35

108

*1474-

•

'•■

•

•

•:■'

*670

16%

108''2

.

Chicago

6,400
400

A

No par
4—40-

■,y>

-

■■' i

771" 200''/

"99-'V 100/V
32
•
7" 31%

129

*49

40%'

17%

.

,

.37#

•

•

7 1Q7#

31! ?a

31%

*68'%

*670

18%

..

70

92 V#

112

,.r

100 :

9 5 V# Jan

.

100

Chicagb Great West RR Co
5
preferred-;

.

300'

iv, -V. 17#:

69%

707# :/'
107#

y. 100

*120

149 7/#

17

319.

130

91

17%

page




18

697#-

.

.

50

*108%

.

-

347# .35

84"

*61%

.

.■*3%;

34%

6,800
•;■:

?•:

1% 7:1%.
2474
*23. •

•

>

2474 : ■'

/

100

35%

*148

*

>61%
THV

-

*49

347#

>

2,700

;

,

37%

49./

-

*147#

•

.174

■■•10%

3%

*8274
40

-

v

32 V#

*1017 4

.

407#
347#

,148

-

*10974 in
*28%. 29%"

'

38%
108%

*15'%-

4

17

17

18%

4%

30

50

34%

"

..-'"15'

H%

->23

.

84

40>

—

-

107#

*68%
-

*49

34'.'2

108'#

k

15%

*27#
*3*4

■

*1027#

•

70
110

*670

17

:

.

17

37 '4

,."*12.

.12'/, :.:

*12

:

'•■v/isV

1QQ74

*34

*120.

*8274

41

*670

*670

30'

91

*61%

.

*

; 68%

3%

130

*10174 1Q2.

150 *

150

91

11G

20%

*49
,

*60
-

102

*8.2 7,

t

41'% ;

*125

109%

HOI!#

%

50

*487#
41

*30%

ioi*%:

101%

3574
71

*68

1097#

<

*31

4

35%

,;.

;■

•

*

.24%

*10%

33

374
*347,

;

6.500" v1:./' Class

jit

/.

1%-

.

:*10Q

-

•

16%

>:

-1V4

:147j4

687#

1074
100

.

130

130

697#

107#
*32

H3

37#

*34%

135

:

*:.■>*

12%" ■

*23

.100

33

•*

35*4

35'%

68'4

1074"

3*4

-

3%

3%

70

:•

'

38 %

Va.

4—2.5

/
Preferred series A
Chic Si East IU RR Co

8,900.

.

12'/#,,

:;,,*7Va

.74.

IV2

2474

>23

101

*99.

101

.24%'

;

Chesapeake & Ohio Ry—*

200

374;

> 9

13

Checker Cab Mfg*

10,500'

2% V 2%

V-, •49THV ■%. *4674
#•:
•-JS ."'■■' V • ' • '•■&

1%

-

'

*23

49

il

.

,.*»■'

147#:

>*37%

50

.

177# Jan
18 V# Jan

5

8

18

-

-

■

:v,-11%

.7%

TV 167#«. 167#

16 V,

12%

......

2*%;
12 V# V.

.„

1

99
■

Jan

'99% Jap

par

..100

—

'

.36
'

8%,

#/,.

6007

;

par

-8V# Jan

; Cham Pap & Fib Co—

>/:: 6% ' preferred- 4

40

10 v,

:

37#

V V!

"

.-

*98

,

374

117#
-••'*7

7% V

..37% :•

v*,y
••-

'3V4

T.r,*'97#>

.1174
,

•%'
*117#

>

■

98

-.-8%

15%

it

74

■

,

174 '

:

2%

*49

1

1%

-74,
*12

8 !#

'V

37'%

.50
'

>

11%

38

1%

3%

;>■ v

157#
1

,

:>A

■

.,74V

*147#
:

;

7%

"*367#

so

". IV,'
/

ii7# :v

V'7 V.

157#.

*12'

;

1.47#;

.:/147%

'

^

'■'

98,

V::V.:'>9!#'

/:/ .>:> 357#,

,357#".; 36

2 V4- V

,

>

,

35%

3%

:

'■

.97#

Chain Belt Co——..No
No

<

200'

;

100

100

..

;

18%.

*18

;

997#

200

,*17 :> ,18-:.

,

,

: 1874

97 -;
>

.8!#

;

1774

.

'

99%

93/< .; ■:

97

.

"27#

:u%

.

*18
•

'

357#

:

TV

8 V,

„

1774

18*74

;

■f

*874

: 3%

27#

38%
2
;

*%
V8

l1.#;

36

3%
77#
•

"7 ',

387a

157#

357#
v

8%/
2V#>

.

934

:

1774

,

*18

*997#

*96%" 98

3'4;

*17

V.

18: '•t
100 '

y,

36 •:

37#

12%,
77#

.

10%;

*96 ■ •.::■ 98

•

27#- - 27#

•12!#

f

100

•35%

V8%;V 8%„-

■:'•

*18

101-

107#

,

3%;

18%;

*100

101

17%

17%

18

*1774

Dec

18%
108

Oct
Dec

18 V#

Jan

4%

Sep

574
5

Sep
Sep

8%

Apr

16*#

Dec

83#

Apr

167a

Dec

.

THE. COMMERCIAL & FINANCIAL CHRONICLE

312

LOW AND

SALE PRICES

HIGH

Tuesdav

Jan.18

Jan.19

Jan. 20

$ per Share

1 per share

I per mare

STOCKS

Wednesday

Jan.16

$ per share

MondnT

Saturday

2%

2%

2 Vn

44%

4474

45%

X44%

*40'/a

4174

*39

41 %

82

,

10%

•

2%

50

26%

18,000

44 VB

44%

45%

46 %

47%

4,500

6%

preferred series A_

40%

40%

40%

42%

43 %

210

5%

preferred

81%

10

*9%

10

*31%

32

*31%

32

26%

21

26%

26%

*103%

104%

29%

*104%

108%

10%

10%
Vir
39%

104%

30%

10

39%

104%

10474

20%

*107%

*107%

108%

*102

30%

10874

30

30

*107%

;

27

27

26%

39

Va1

10

10%

:

l7rt

%

*81

10

10

10%

32

32

32

32

26%

27

26%

27%
104%

100

12,300

*102

104 %

*102

Columbia

'

29%

30%

30%

30%

*107%

108%

*107%

10%

10%

10%

is

a

l\

hi

iV

39%

39 Va

.39%

40%'

JL:

Comm'l

2374

23%

'

3%

18

18%

3

I-

24%

23%

23%

23%

24%'

3%

*2%

3 %

*2%

3%

17%

17%

17%

18

.17%

7,000

17%

18

18

18 %

17%

18

17%

17%

17 Va

17%

17%

"U

11%

11 %

11%

11%

11%

11

11 Va

11%

>2%.

17%
11%

90

*88

90

9174

.

89

90

SO

90

92%

92

92%

93

93

94

74

5

5%

16%
93%

93%

93%

5%

5

16 Va

16%

16

16 Va

93%

16 Va

?A

94

94

94

,

5

i)

It!

10

*%

*7%

7 To

774

*2%

3

7%
8

li

94%

7

.

2%

2%

2%

7%

7%

574

5

U

7%

7%

*35;

36%

1174

94%

93

18%

:i7%

8

18

4 % •I
4%
*98% 100

*98

4%

474

47a

4%

*99 74

100

4%

*4%

100

4%

100

*99

-4

.

1

t

'V

29%

28%

%

28 Ve

28%

28%

7%

7%

7%

7%

*7%

7%

7%

:,7%

41%

41 %

4174

4174

41%

41%

41%

41%

41%

41%

474

474

4%

4%

2674

26%

26%

26%

26 Vb

26%

20%

20%.

20%

20%

21

10 Va

9%

10

10

10

4%

4%

4%
26%
20%

*20

10

10'/«

10

46%

46%

4674

46%

46%

*46 Vb

3874

38%

38

38%

37%

38%

37%

54%

54%

54%

5474

54

54%

53%

'54 Va

*175%

176%

*175 Va

17674

*175%

176%

*175%

176%

374

3%

3%

*3Va

%

*\h

3

*4 6 '/a

3

%

3 Va
1).
10 '

a

%

%

4%

29

,

:--

'

47%

*46 VB

105%

Nov

■

15

32% Jan

5

107% Jan

5

9% Jan

2

10% Jan

15

preferred

54%

3%

pa'rtic preferred.

Consol

1,400

Consolidation Coal

Cuba

of

RR

6%

^-—5
No

pfd

4% Jan

Va Jan
-7% Jan
-2% Jan

'

Jan

18% Jan

22

4,500

Continental Bak Co—No par

-i !

8%

preferred——

X4% Jan

96

i——100

Continental Diamond Fibre

2,700

Continental

Continental

4%

8,800
10,600

21%

600

10%

10%

6,900

*46 V8

37%
54%
176 %l
3

3

3y8

*%

Motors—i—
Oil

of

Corn Exch
Corn

Preferred

40

—

19%

19

*39

39%

Crane

15,600

12

12

12

12

12

11%

11%

12

11%

12

84

84%

04

84 V*

*83%

84

84%

84%

84%

84%

33%

34

32%

33%

32 Va

33

33

34

33

34%

5,500

*74

75%

*7374

7574

72%

73%

'.*73

74%

*

9 %

10%

1074

10%

*9%

10%

*9%

7%

7%

7%

8%

7%

8%

7%

18

*91

98

12

x!8%

18%

•

2

*100

105
2

*100

105

174

1%

2

18%
105

*17%
*100

*

19*

1%

2

.

11%
17 Va

1%

2

Jan

Apr

Oct
Nov

874

Jan

9

Nov

39

'

'

>

{■

t

i:

Nov

96 74

■

Jan

16%
•

'

Oct
' Dec

5

103%

Jan

7

10% Jan

8

109

98

*91

98

19

19
'

12 Vb
19

'

*100

2

1%

.

400

Cuneo
4 Va

Jan

6

46%

Jan

19

Mar

5.1%

37

Jan

2

39

Jan

7

23%

Apr

37%

Dec

53% Jan

20

56%

Jan

7

42 74

Apr

58

Dec

Jan

2

Jan

6

Apr

179

176

100

u Jan

178

2% Jan

_1

3 %. Jan

11

72

Oct

3%

Nov

7/a

2% May

NoV

Apr

16-

Jan

21

1074

Apr

1474

Dec

Jan

18

85

Jun

987/4

Nov

18

12% Jan

1674

Dec

9% Jan 22

15

Jan

18% Jan

16% Jan
9

159

Jan

98

Jan

95

45

19

.% Jan

.

14% Jan

25

—100

974

Dec

20%

Nov

41

Jan

18% Jan

12

19% Jan

22

6

38% Jan

20

32

Corp.—
—5
preferred
——No par

11% Jan
81% Jan

4

12% Jan
84% Jan

15

10

Apr

12 Va

2

21

77

May

88%

Jan

Jan

11

34% Jan

15

2374 May

3974

Nov

Jan

15

63

Nov

—No par

22

No par

-

71% Jan

7

75

Jun

84

9% Jan

7

10% Jan

18

8%

Jun

1374

7% Jan

9

8% Jan

18

5

Jun

9

Jan

109

Jan

15

Jan

15

88

Jun

140

Jun

10

Va Jan

4

12% Jan

19

Jan

22

13

Mar

100V4 Jan

12

90

Feb

100

Jan

2

Oct

preferred

Jan

74% Jan

—_5

18

Jan

.—100

Jan

8

1% Jan

2

30% Jan
Jan

19

8

ICO

—

preferred

109

No par

95%

Dec

874 May

100

———.-30

Inc—

Sep

~100

100

Press

Mar

100
—100

preferred
preferred—
Sugar—

Curtis Pub Co (The)—

8,300

2

"

Jan

377a Jan

conv

Ve

12%

45

—

Cudahy Packing Co

'• 105

Nov

Apr

874

20

Preferred

2,900

Dec

21%

No par

conv

5 Va %

11%

12

Nov

27%

25

Cuban-American

!

47/a

Apr

50% Apr

—50

preferred—L

conv

conv

5%

17

Jan
Dec

574 May
14% May

Cuba RR 6%

50

8,300

8%

42%

Apr

2% May

21

(The)——J1

Crucible Steel of Amer

500

8

*105

$5

Dec

-

2

X9% Jan

2874

Apr

5% Sep

22

Crown Zeilerbach

1,700

10%

8

105

*100

105

*10%

10%
108

*91

*11%

18%

18'%

*100

74%

;

21Va
30%

15

27% Jan
21% Jan

——

Wheat Corp

4% Jan

8
8

preferred

conv

$2.25

210

34%

Co

5%

2

2

:

Cream of

11

Jan

42

18% Jan

—

Coty Internat Corp

Inc

7

1

Coty

2,400

84

12%

3

''

274 Apr
77:

14

7% Jan

2

7

4% Jan

■

29% Jan

7

Jan

;

Crown Cork & Seal—No par

,

26% Jan1
40% Jan
25% Jan

400

98

4

5

Refining—

1,100

%'

—1

1,900

12%

4

96% Jan

Jan

Jan

No par
5

Del—

Bank Trust Co—

Products

■'

5

$2.50

Copperweld Steel Co
Conv pref 5% series—

6,100

176%

20

1

Insurance—

Continental

560

54%

Inc

Can

Continental Steel Corp__

200

49

37!/B
•

!

Continental

1,600

19%

*91

5•

4%

Jan

774

V„

11% July

39%

12

6

16

Crosley Corp (The)

98

Jan

7

25

2,700

1174

4% May
374 July

'Container Corp of America—-

9%

*91

16
18

6,400

9%

12%

1 %

7% Jan
5% Jan

Nov

■

9

May

9%

98

Jan

15

2

Jan

74

Apr

Jan

9%

12

2% Jan

7

12

•

Jan

Nov

94

'•'% Jun
•

82

9%

*91

20

'

22

9%

*105

15

19

Apr

19

9%

109

Jan

8Va Jan

Apr

15

9%

*105

11
11

774

167/a

Sep
1

78

22

9 Va

109

4

117a

<

8% Jan

90

*105

16

94% Jan

,v. 700

109

5% Jan

2

35% Jan

16

*105.

Feb

Feb

Jan

17%

109

,

'

—'-25

97%

*105

Dec

89

9774

Apr

Jan

7
'

Co—i

1774

7%

Dec

1274

74% Aug

89

280

15%

10%

Jan

2174 Mar

83

34% Jan

.;

97%

*73

Jan

374
18%

,

May

5% conv preferred———-^^.—lOO
tConsumers Pow $4.50 pfd
No par

,

18%

8

Jan

2374

Jun

4% Jan

par

i-100

16

10%

6

Oct

22

44%. Jan

9% Aug

21

8

97%

73%

Jan

1%

21

15%

*72

22

16% Jan

*17%

34%

11% Jan

-94% Jan

*97%

11%

2

5

15%

12

15

5

18%

19

8

15% Jan

97%

*37%

18% Jan

91% Jan

14%

19%

2

10% Jan

No par

Laundries Corp___
Consolidated Oil Corp_^-.

4,000

"27 Va

74

38%

12% Apr ;

par

97%

19

2 1

5
No

*17%

38%

9

18% Jan

94

15%

19%

22

3% Jan

7

No par
1

5,200

4%

176

%

38%

24% Jan

13

90 % Jan

18%

38%

2

2% Jan

Dec

10%

Jun

17 Va Jan

Dec

34

17% Apr

A

21% Jan

6

97%

*19

Oct

109%

7 % May'

21% July

5

it

19%

Jan

100% Mar

9

Jan

18%

38

20%

4

-1

Apr

12

Jan

*97%

19 74

91%

Jan

90

15%

38

7

Iff

89

1874

19%

5Vb

40% Jan

2
2

100

98

38

•

100

—

preferred™.

prior

18%

*83%

*

•ii Jan
36% Jan-

C0_. —^-25

1574

19%

19

29% Jan

97%

38

104% Jan

•

i,-

•.

Edison

41%-

27

37%

53%

9%.

16% Jan

107% Jan

18%
9

2

No par

15%

9

Jan

19

97%

14

99

104% Jan

18%

'

24

^-100

15%

'

5

14

97

.

Jan

25% Jan

Consol

500

22,000

.21%

47%

x37%

3%

Dec

32

-No par

7%

41%

27% /"

37%

.

Oct

29%

2

10

:

29%

,

10%

176

$2

.*■

:

.7%

.

'21% "V

10%

-

35

10% Jan

11

9

Nov

"

.

4% '''*

4%
26%
*21

1,200
-.

94

28%

29%

7%

26%

Jan

2

2%

J

29%

7%

*20%

11 %

'

Sep

Jan

30% Jan

$5 preferred
Consol Film industries-^

100

!

,100

*99

Dec

Jan

85

par

Consol Coppermines Corp,;
Edison of N Y

'

18 y;i8% ■;!;•
:"4% ' 4% | •

..

84%

137

Consol

600

'

1'

7%

,

29%

29

'

-1

94 1

%

100

*99

,

,

MY*.
.

'

,

"7%

...

f

18

•

Mar

79% Jan

16% Jan

6%%

21,400'

'

;

5V?'' 5 74
>'«
7 % ' ' 8 VB '
*35%. 3.6%

■

f

'

,

36%,,

4k

'

93.'

5%

'

*34

36%

'

17%

1874

7%

7%
*34

36%

'93%

94

'.

'7%

7%

*5%
*7%

Jan

51

par

par

7"'#

11,100

5%
16%

*8%

3

*2%

.

5

Jan

45 Va

_Np par

560

n
.8%
*2%:, 3

*

54

Sep

-No

70

•

;

5%

8%

7%

,5

94

•17%

*%

*8%

?!>

8 Va

■7%

8

17%

'*%

774

*3574

93%

■*

574

74'

8

93%

\k.
8 "8

"*2%

3

474

36%

*34,

%

8

Sep

29

Aircraft Corp
—lu-'-l
i-.
Consolidated Cigar__u—41*.. _No par

1,800

-

*94% ' 95

9474

30%

22

1

'

*

16%

'

•

16%

22

43% Jan

Consol

5,500

90

■'47% Jan

2

Congoleum-Nalrn Inc-—

3,900
1

•<

94
.

2

Jan

37

Conde Nast Pub Inc

100

:

VB

Commonwealth

14,100

;

1

'

8

*274

7%
5

■

*4%

*

*

•
•

11%

1

90

*

5%

5

16 %

'

it

.

5

5%
16%

5 74

V

16%
.

' 18

••94
'

•

•

3%

11%
"•

90

)Q

92

*88

92%

92%

'

;"i7%' i7%-

18'/a

;

40% Jan

Commonwealth & Southern. -No par
$6 preferred series-——. -No par

34,900
■

24%

23%

*2%

v

17%

•

i'}

23%

23%

.

3

Highest
I per share

8

-No par

Invest Trust

Commercial Solvents

■

23%

1942

I per share

2% Jan

Jan

preferred-:.—

conv

■

■•>2%

S per share

2

Co— _No

Pictures,—

Year

Lowest

1% Jan

100

Carbon

Range for Previous
Lots

„100

$4.25 conv pf ser *35:1—

A3

1943

Highest

t per share

par

4%%

8,100

39%

for

100-Share

■

10%

37%

Basis 'of

par

_No

108%

10 %

_JVo

$2.75 cony preferredJi—. ,_No
Commercial" Credit-

1,000
500

30%

10

39%

Columbian

3,500

-

82

108%

30

iV

28%

Columbia Gas & Elec

200

82

9%

104%.

*107%

10%

39%

%

Par

2%

*81

On

Lowest

2%

>9%

.

,*

2%

;

32

*31%

Ranfe

STOCK

YORK

EXCHANGE

Shares

'

32

*31 %

NEW

2%

09%

,

S per share

I per share

for

2%

2%

,

82

10

82

*80

the Week

*80%

80%

4414

Sales

Jan.22

Jan.21

40%

40%

2%

Friday

Thursday

44

45%

41%

2%

*9%

.,

Monday, January 25, 1943

1374

Jan

1974

Sep
Dec

Jan

11

2

33% Jan

18

13% May

32%

Nov

2

19

11

12

20%

Oct

9 74

Jan

2

hi

'

*33%

34%

33 74

33%

*23%

34%

33%

33%

33

33

18%

18%

18 %'

1874

*1.8%

' 18%

18%

18%

18%

18%

7%

7%

7

7%

774

7%

7

7%'

7%

*33

' 18%

1,100

7%

18,700

"*7 Va.

7%

Preferred

60

34

-

18%

No

Prior

preferred—.
Curtiss-Wrlght

par

17

No par

67'a Jan

1

Jan

2

7% Jan

15

2

23% Jan

15

Jun

5% May

'

23 %•

*92 7 a

100

*76

83

23

*S2%

100
83

*76

.

23

23%

23

23%

*92%

.

*76

23
*92%

100
83

*76

22%

83

"

23

*92%

23

100\

22%

100

•; *76

23

'

*76

83

Class: A

2,000

*92%' 100
83

$8 preferx

"

1874

4%

*374

4%

*16"

1874

1474

18

1874

18%

18%

1474

18%

18%

17%

17%

17%

*3%

4%

*3%

17%

'4%

Jan

18

Jun

100

80

Jan

95

No par

44

Jan

81

pfd

—

2574
'

Jan
Oct
Nov
'

17%

4 Vn

ed

22

—_1

—

Cushman's Sous Inc 1%

18

1,500

Cutler-Hammer Ino

1574 Jan

No par

18% Jan

4

19

12% Jim

18

Oct

D
'

*3%

*3%

'

"16

15

14%

34%

18%

18%

,*16

*

18%

*16

14%

14%

14%

.14%

108%

*108

10874

■*108

109

*108

*16.

108%

108%

108%

*10%

16

14%

14%
108%

*4

•

*108

4 Va
■.»

14%
109%

36,800
20

10%

11

11%

1174

10%

11%

11

11%

1,700

27%

27%

2774

2774

27

27%

26%

27

26%

27

27%

28%

13,200

*30%

30%

30 74

30%

30%

30%

30

%

30%

30%

30%

30%

31

*13%

13%

*13%

13%

13%

13%

13%

13%

13%

13%

*13%

14%

900

9%

9%

3%

3%

%

%

3%

%

17%

.

4

40

40

*33

74

17%

1774

1774

18

4

»

%

%

-

10

3%

10

3%

3%

+y2

*33

9%

9%

10

9%

.

.

*33

%
17%

17%

40

9%

4,900

Delaware

3%

4

*%

17%

27%

600

38

38

200

27%

27%

,*27

38

37%

37%

*37%

38

'

*37 V4

38

;

5

31

Jan

12

Jan

2

13% Jan

&

Hudson

West

G

12

.100

—

6ft

.100

pfd-

-20

——;

4% Apr
18% Apr

22

Detroit Edison—

27%

27%

11
12

8,300

27 %

27%

11% Jan 18
28% Jan 22

Jan

18 Va

27%

•27%

Mar

Jan

Lack & Western—. -50

27%

27%

102

Jan

R

21

108% Jan 20

29

JDenv &

20%

20

Aug

20

28

Delaware

20%;

19%

7a Jan

8

par

1,400

40

15

16

._20

6,900

20

19

———.

%

20

19

*32

—

Deisel-Wemmer-Gilbert

9%

17%

9

Jan

.-10

Co—————_-No

%
40

Jan

15

10

&

Preferred

3%

17%

17

2

Decca Records Ino———_—. .—1

%

10

9

Jan

Deere

1,100

*32

18%

*3774

%;

2% Apr

15,

5

Jan

108% Jan

(The)—„ -1

Corp

3% Jan

3% Jan
12

.-25

Dayton Pow & Lt 4% ft pfd—— .100

3%

9%
:■?
.•-■:•■

17%

11 Va

40

18%
38

*10%

*32

18%
*37%

11

Chemical

Davison

17

—8

Davega Stores Corp—
Conv 5 %
preferred

18%

•

25% May
9% Apr

1,210

Devoe Si

Raynolds A—

Diamond

6ft

Match

..No par

—_——No

par
-23

Nov

110

10%

Jan

Dec

27%

Dec

30'/a

Nov

1374

Nov

Jan

16

7

Jan

IBs

Oct

Jan

18

27/a May

474

Jan

174

Sep

s% Jan

2

10

2

4

% Jan
16% Jan

5

12

18%

Jan

22

37

Oct

37

Oct

17% Jan

7

21

Jan

22

14

Jan

21

Jan

20

Jan

6

27 Va Jan

15

18

Apr

27%

Jan

37

33%

Apr

39% Aug

% Jan 20

Jan

♦a1*

14%

15

Jan

2

8

22% Jan

13

85% J an

Jan

8% Jan

20

par

21% Jan

.100

83% Jan

38

6

—2

preferred

partic

Oct

12%

3% Jan

:

Detroit Hillsdale & S W RR Co.. .100
•

Dec

4

1774
.

Jan

Apr

1874

Jan

'

9

9 74

22%

22%

*83%

84%

974

22%

9

2274

22%

84%

84%

10%

*84

9

8%

8%

9%

22%

22%

22%

22%

22%

22%

22%

85 Va

85%

85%

*85 Va

86%

85%

85%,

*9

9

9 Va

1,200
2,500

Diamond T Motor Car Co—

Distil

500

5ft

No

Corp-Seagr's Ltd

pref with warrants—

10%

10%

10%

10%

*10%

10%

*10%

10%

*10%

10%

39%

*3874

39%

*38%

39%

*38%

39%

*38%

39%

40

25%

*25

25%

*25

25%

25 Va

25%

*38%
V> 25

39%

25%

25 Vt

16%

16%

16

1674

15%

16%

15%

15%

15%

16%

15%

16%

2,000
4,300

Doehler Die Casting Co..
Dome Mines Ltd

59

59%

58%

59%

57%

59

56%

57%

57%

58

57%

58%

2,600

Douglas Aircraft

.No par

*131%

133%

133%

17%

17%

1774

*10%
39%
*25%

6

26

10

125

17%

*5%

6

10

*11574

133%

17%

1774

6

6

9%
*115%

133%

134

10

10

*115%

125

6

*132

*17%
*5%

10

*10

125

*115%

133%

134

134

17%

17%

6%

*5%

10%

10 Va

125

*115%

17%
6
10 Va
125

300

*115%

135%

136%

135

135%

135%

137

126%

126%

126%

*125%

126%

126%

126%

*126

126%

*117%

118%

*11774

118%

"117%

118%

*117%

118%

*117%

118%

*117%

3274

32

4%

32%

4%

*177%

1374

32%
10%
,

274
174

4

147

*17774

178%

47a

33

474
149

17834

Jan

3%

Mar

26

May

15

11

Oct

15

Jan

3,300

Electric

Auto-Lite

3

30 Va Jan

4

32% Jan

16

20%

Jan

30%

Dec

11%

6,600

Electric

Boat-

—3

10 Va Jan

2

11% Jan 22

9% Dec

13%

Jan

2 74

2,500

Elec & Mus Ind Am

1% Jan

4

27'a Jan

9

9,100

Electric Power & Light

No par

1% Jan
3174 Jan

5

1% Jan

9;

—No par

20

34% Jan

8

17

—No par

28% Jan

20

31% Jan

8

15

Apr

32%

Jan

No par

33 % Jan

2

35% Jan

22

29

Jan

34%

Nov

3

23% Jan

7

24% Jan

18

19 %

50

49% Jan

5

51

Jan

18

39%

Apr

Jan

11

110

Jan

5

107%

Feb

3% Jan

8

1%

Apr

shares—

1%

1%

1%

174

1%

1%

3274

31%

31%

31%

32%

32%

33

29%

29%

3,300

29

29%

28%

28%

29

29%

29%

29%

3,300

34%

34%

3474

34%

34%

35

35%

35%

35%

35 %

1,500

preferred
$6 preferred
Elec Storage Battery__j

1,000

El

3
*61

3%

*61

63%

*61

62%

*61

65

*61

65

61

61

69

70

71

71

71

71

*%

For footnotes see page




&
319.

%

%

1%

24%

*24%

24%

50%

*50

51

300

110

110

10

$7

Paso Natural

Endicott

5ft

Gas

Johnson

Corp

preferred

100

109

%

36%

Dec

A

Feb

174

Nov

%

Jan

1%

Nov

74 Apr

35%

Apr

Jan

26%

Feb

49 74

Dec

112

Oct

'

3 74

61%

74

(The)

1%

274

Nov

170

4

13% J an

preferred

31%

3%

180

14

3674 Jan

cum

1%

374

Dec

18

6ft

32%

111

Nov

12

11%

*110

Dec

474

19

11%

24%

34

151%

Jan

10%

*50

Apr
274 Jan

Jan

10%

50%

1674

13 V8 Jan

10%

24%

22

19

35

11

111

33% Jan

31% Jan

178

1074

24%

Dec

4

11%

*50

118%

2

11

*110

111% Mar

100

11

50

8

Edison Bros Stores Inc

32%

24%

118% Jan

—No par

31%

111

13

Eaton Manufacturing Co—

31%

2474

Nov

1173/a Jan

Apr

31%

50

Jan

127

Apr

108

31%

*110

144

120

2

*31%

,

102% May

5

15

32%

HI

22

Jan

32

24%

Jan

126% Jan

4% Jan

32%

51

July

139

150

32

51

Oct

Nov

5

2

32%

24%

7

lOVa
120

8

20

800

*110

Dec

Jan

3% Jan

13%

50%

Dec

125% Jan

134

146 % Jan

*13

24%

.100

1st pfd

Feb

5

13 >/4

2

.100

>

Jan

1

13%

2

8

112

Mills

13%

1%

21

(N J)

13%

2%

11

10 Ve Jan

9

Rolling

13%

2

6 Vb Jan

4

Du P de Nem (E I) & Co—
-20
$4.50 preferred
-No par

30

2Va

5

Jan

par

Eastern

1,700

2Vs

574 Jan

—

Eastern Airlines Inc

3674

2%

95

18

Eastman Kodak

17874

2 74

22

17% Jan

2,600

36

174

135% Jan

8

3,300

35%

*32

12

Jan

16

3,700

17874

1%

Dec

130% Jan

4%

35%

274

Dec

16%

51

33%

*17774

*177%

134%

16

40

149 Va

35

68

74

33%

14874

35

,

65%

68

3%

3574

111

*61

32%
147

13%

35

*

178%

31%

3%
146%

35

35

3 74

31%
-

13%

29%

6174

*17774

148

Oct

Apr

1374 Mar
2% Apr

59% Jan

-NO

Duquesne Light 5ft

36%

2974

50%

32

474

14774

900

1374

33

*23%

178%

I

7,000

*35%

32%

*110

149%

178

36%

1374

4

4%

149

17874

36%

3174

32%

4'/a

149

139

70%

5

.

118 Va

137%

May

20

Jan

300

136%

Dec

,15% Jan

5%

12574

Dec

Apr

1674

8

.No par
—1

136

20

4

.No par

125%

29

16% Apr

16% Jan

Dresser Mfg Co
Dunhill International

136%

7% July
32% May

4

22

Dow Chemical Co

125%

6
11

4

Jan

56

974

Feb

Jan

Jan

.No par

9%

10% Jan

Jan

.

Duplan Corp
8ft preferred

Jan

26% Jan

10

25

900

800

Nov

,39

900

10

87

par

17 Va

125

Dec

70

par

135%

5%

22%

22

No

17

10

2

21

6% Aug
16% Mar

No

——

135

136%

149

A

9%

U .No par

Dixie-Vortex Co
Class

\.

*

62%

A

374
61%
72
a

3%

3%

12,200

5
aa

6174

*61

64

200

65

*62%

65

200

72

*6174

%

3%

72%

72'%

180

74

200

74

Engineers Public Service
$5 preferred
$5% preferred
$6 preferred
Equitable Office Bldg

1

274 Jan

374

Jan

No par

54

16

40

Apr

66

Jan

No par
No par

57% Jan

61

Jan

14

46

July

73

Jan

62% Jan

7274 Jan

22

47%

Apr

83

Jan

No par

74 Jan

& Jan

13

Jan

61% Jan

ic

Dec

^4

Oct

.

j

r

'

"

FINANCIAL CHRONICLE

THE COMMERCIAL &

157 - Number 4145

Volume

3:

NEW YORK STOCK RECORD
LOW

STOCKS

HIGH SALE PRICES

AND

Saturday

Monday

Tuesday

Jan.18

Jan. 1!)

Jan. 20

1

$ per share

8%
8%

8%

Vb

,

8%

8%

8%

8%

8%

8

8%

8%

8%

40, %

40%

40%

2,400

*68%

69%

*08%
4 (a

6%

6

25%

.25

i

40

69%

4'A

6%

24%

24%

'

25 'A

■

'

*14;

%

•%

:Mb

Ill

.

'

4 (A

6 VB

*

6 (A

39 %;

"

*68 Vz

4%

,

Vb

%

39%

.

.18

:*\k

•

,

*68Vs!

69%

*4'/a,

GVa

24%.'

35%

35%

22 %

23

23%.

9%

9
89

10%;'.,:;
90

21%

21%

21%

21

21%

21%

21%

14

»*3%

21%

13%

13%

13%

13 %

13%

13%

3%

3%

3%

3%

3%

;3%

3%
83

13%

*13%

43%/

43%

..*42%
26%

*16%

16%

16

16%

*82 Vb

82 Va

82 '

82%

*81%

26'A
105%

105%
33%

13%

42%

43

43

26%

26 %

26

16%

16%
*

%

97

*105% 106
,32%
33%

106

*27%

22

4Va

41

,

34

33%

20%

10%

40%

34

40%

11%

11%

11

11

129

*115
17

*115

17%

6%

6%

:H

;■

4%%

200

84

35%

*21

106%

,106 'A

300

32'/2

32%

1,800

40

39%

10%

11

10%

129

18

*18

*

36

.

♦2%
,

17%

17%

10

.

*2%

2%
2

1%

.

10

i-.,

20%,

17 Va

*97

98

*2%

*97

-10

•

.

•

9%

20

20%

20%

3%

3%

3 %

3%

8%

8%

814

8 V2

*9%

10%

*51%

*10

54

.7

7

7%'

"7%

105

<*102

38%

39%

6%

,

*135

39

6'

6 "4

138
■" 5%

*4%
3%
*8%

6

8%

8%

22%

22%

32%

133

32%

35 %

35%

♦105%. 109

*105%

„

132

44%
18

129%

%

•

2%

Gar

500

5%

5%

6%

'/a

8%

8%

%

23%

*133

32%

85

♦31

33

17%

17%

*10%

11%

:

13%

45%

18%

13%
*

Va

11

16%

16%

♦15%

16%

5(4

*107
1

108

15%

,15%

5% A- 5%

'i>;> 15%
if■

:

6%;

6%

60%

eo y«

:,i*

-

17

13 %

t"»
17%

17%

*

800

*42

17

108

"107

15%

86

Jan

21

21'A Jan

20

4% Jan

21

3

May

16

28

Aug

5%

5%

5%

*61%

62%

%

*%.
-

.>

6</b

6lA

6lA

/; 60

60

'

41%

*15%

r,V"

;

61%

:

76

*41%

10% Jan

5

Jan

15

11% Jan

16

24%

25

84 'A

26%

95

'

95 %

700

Bronze

"

;.

5%

5

77

2

78

25

(4

81%'

*77

25%

43

.

63

200

Jun

Oct

Apr

17% Jan

21

15 Vz

Apr

18

Jan

Jan

13

85'%

Apr

97

Nov

22

1%

Jan

2 'A Jan

19

1 Va

Jun

Jan

15

8

Sep

11

'20% Jan

19

16

May

21

11

1% Jan

2

9Vb Jan

6

97

10

11

'19'A Jan

78

50

78

25%'

%

25%

6,300

'

84 Va

84%

26%

26%

26'/a '

27

95%

95%

95%

-5'A

5'A

.5'A

5%

5'A

1,100

95%

*77.

.

84%

1

4%

4 %

1

4%

8%

8%

8(4

\:

*7%

8'A

a

8

30

1

1

4%

438

4%

5%

5

8'%

*8(4

8%

8(4

8'A

7%

7%

7%

8

8'A

7%

'

•

12,100

,

:

Foods

30 Vz

247A

*24 'A

24%

*24%

15%

15%

15'%

15%

15%

2 3'A

23%

23 %

1,000

.

*141

142

31%

14%

4

Jail

22

2 '/a July

3% Oct

14

8% Jan

18

6%

9%

9% Jan

11

10%

Jan

18

5 2 Vi Jan

14

52% Jan

14

6% Jan

4

7% Jan

18

5% Jail

25'A

102

;

4%

Dec

2

Sep

3%

Oct

par

7®8 Jan

4

9

Jan

14

6%

Sep

9%

Jan

100

71% Jan

5

78% Jan

19

Nov

90'A

Feb

——No par
100

preferred

20% Jan

5

2 3 Vz Jan

22

Apr

21%

Nov

130 Va Jan

2

133% Jan

18

No par

30% Jan

2

Jan

22

21%

Apr

30%

Oct

No

34

36% Jan

6

x233A

Apr

40

%

Jan

2

111'A

*

par

Jan

33

13

2'A Jan

131%

Feb

7

45% Jan

21

30

Jan

44 Va

Dec

Jan

13% Jan

14% Jan

2

; & Jan
106

100
_1

3%

Sep

99'%

Aug

i3e

Jan

22

10'/a

60

2

xl

Co

65

4*

11%

—1

preferred
Iron

Ore

Great Northern

2%

*81 (a

8 2'A

82'a

82 (A

82%

"4

4'A

4%

4'A

4'A

23 'A'

23 %

29%

28%

'

28%

28%

29

29 V4

Jun

13% Mar
11/

May

101%

Sep

7 Va

Jan

3

Jan

Jun

10

Feb

79%

Jan

20

Jan

16%

Dec

,

4

62% Jan

16

<

2

6% Jan

15

4

Apr

5"

50,

May

65%

...

Jan... 4

60% Jan
-•a 5
Jan
i

5

•

22'

x40% Mar

Jail

4

61% Jan

19

•'14% Jan

2

16 'A' J an

22'

5

-43% Jan

59
'41

Jan
■

.

Feb

110

15%: Dec

;A

% Jan

2

Jan

1% Jan

,

5 (A

Nov

61

Nov

Jan

Jan

12 Vb

14

Sep

16

-

Oct

37%

•

Jan

44v

,

Feb

•

:

"V»

13'

2

Jan

Jan

22'

Jan

Jun

1% July

6

;78

8

2Vb

Jan

73

Nov

82

Feb

Jan

2

24% Jan

12

4

13

Jan

27

Dec

Jan

'4

-85

Jan

14^

56

Jan

83%

Dec

8

'27

76

83

26% Jan
Jan

9

95% Jan

21

4 'A Jan

11

5% Jan

,r

10(4

80

Jan

v

80 % Jan

6

"iVaJan

II

27

90'A

Dec

Jan

4%

Nov

Jan

81%

Dec

Sep

l'A

Nov

x58>"

13

Jan

•

Jan

1%

16

25 Vb Jan

Jan

60 Vb

22

90% Jan

(H

21

Dec

Co Inc.

•

Guantanamo

310

81»

Dec

9'A

Nov

4

22

Vb May

32

Nov

24% Jan

5

23

July

15% Jan

Jan

18

preferred—i
Ohio RR

18

23% Jan

2

25% Jan

20

Jan

2

142'A Jan

20

138

^

31 'A Jan

29%

30'A

$5

5,600

,

preferred

No

-

^

4

25

Feb

18%

Oct

19%

Jun

25%' Feb

22%

Apr

130

July
Apr

33'A

Dec

11 Va

Aug

9 (A May

14%

Jan

3%

Jan

10'A

12

10

Jan

19

2% Jan

8

12

8t% Jan
3% Jan

12

par

25%'Jan

2

25
10

-

Jan

14%

22

2

Jan

Apr

15'A Jan
11% Jan

'2

Jan

Nov

Mar

4
4

19

28'A
143

25

Jan

10'A Jan
-

Apr

63%

14% Jan
11

Jan

Dec

13%

50

32% Jan

19

2(4 Jan

No par

Jan

23% Jan

21% Jan

25

Sugar——-.

Gulf Mobile &

19,800

8%

Apr

15

No par
10
A1
_No par
—100

Grumman Aircraft Corp

1,900

■

5 Vz

Mar

6

22.

24 VA Jan

-100
1

& West RR
L)

Sep

6

8

8'% Jan
32

100

i91(
4

5

8'A Jan

Jan

7% Jan,
29% Jan

,

Sugar—:—No par

2,200
•

par'

!•} Jan

4'A Jan,
8

No par

Prop—

Preferred
Green Bay

•

1% May
48%

Jan

86

Sep

Jan

5

4'A Jan

18'

30'4 Jan

18

23 'A Jan

23 'A Jan

4

1S% May

25

Feb.

36

37'A Jan

7

29

Apr

35

Dec

8% Mar

13

Aug

86
"

30%

'A

5% Jan

preferred—No par

Western

Great

—

11%

2%

4'A

55

21-

15% Jan

20

Co

Greyhound Corp (The»_
5Va% conv preferred—,

2%

82

(W T)

100

11%

4

Jan

8 'A May

14

14-

10

No

City Steel—

9,900

2%

4%

19(4

"2

No par

11%

11%

82"

14%. Apr

15% Jan

_1
A5

div ctfs

w

15'A

2"'A

4%

Nov

14

—50

Consol M S & P

15

11%

81%

31%

108

—.——A^A_——100

Green

2%

4 Vz

Oct

Mar

:

Hosiery—A——No par

7,100

11%

82 (4

Nov

%

4

^._A———1

32

12

2%

14%

107%

4

Brewing Co

31 %

*11%

2%

37

*55

11%

11%

Apr

Jan

4% Jan

A—No par
A
No par

preferred—.

(Adolf)—

5%

180

14%

15

Jan

Apr

23

22-

17% Jan

4

Jan

Vz

14% Jan

—A5

(The)A.—No par

conv

Gr Nor

1,800

*11(4

2%

*36

32

25%

142%

11%

11%

23%

65

-

14%

11%

*22%

31%

25%
5

11 VB

2:,b

29'%

1'A Jan

5%

109 Vz May

Vt Mar

101

5
9

67% Jan

2

Jan"

15% Jan
108

Brothers

Grand Union

10,300

142%

25%
142'A

23%

14%

1134

29'A

*55

65

23%

11%

2%

28%

*55

65

25

23 Vz

14%

11%

4'A

Jan

18% Jan

5

*10%" Jan

>_20
No par

Rubber Co

&

Safety Razor
conv preferred

Granby

2,900

142%

14*

®b Jan

9% Jan

1

Graham-Paige Motors—

500

15%

'

4

Nov

15 '/a Jan

•15% Jan

preferred——-A—100;
Tire

Jan

14%

22

106

Jan

10% Mar

Jan

Jan

July
'

3 Vb

■

par

30

15

15

% Jan

_^No par

128

Aug

Oct

1% May

div series_^_»_No par

-

13%

.

Jan

5% Jan

.

105

12% Jan

par

Apr

122

21

2% Jan

21

4 Vz Jan

64%

8

18% Jan

130

2

2'A Jan

par

_10c

Corp

Jan

Apr

7

preferred—No

Jan

122

108

22

Corp

87

14

103% Jail

Refractories—

Apr

130% Jan

17 Vb Jan

Utilities—

1 %

102

12

127% Jan

—

116 Vb July

Mar

61

Jan

par

_A—No

Apr

% May

9

Nov

132

5

Equip Corp
*
——1
preferred——A,_—;—No par

—

Apr

44 Vb Jan

Precision

Railway Signal-

120

85% Jan

par

—A,

Va
16%

14

No

—No

66

14

.-No

—

Jan

114

„

Jan

129

100
—10

Adv A_.

Telephone

Dec

140

2% July

Motors Corp-

Realty &

Apr

19

—

preferred.

3%
106

5.
15

preferred—

1,800

24%

15 (A

25 %

Jan

3% Jan

83% Jan

Grant

24%

142'A

104

5 V« Jan

No par

Granite

24 %

142

Dec
Nov

7'A

2

5

1,500

15%

14:,4

11%

4%

30%

313A

*2'A

82

30%

31%

11%

4%

30%

31%

*11'A

82

8%

24%

23 'A

Feb

10'A
53

Apr

2

4

Outdoor

Jan

138

22

Gotham

500

*15%"

23

3%

Apr
Feb

8 Vz
51

Nov

2%. Jan

_1
Gold & Stock Telegraph Co—100
Goodrich Co (B F)_——No par
y. 5% preferred—A_
——No par
Goodyear Tire & RubbAAA—No paf
1
$5 conv preferred———No par

3,100
•

15(4

25%

25%
143 '

*11(4

82

8%

%

31%

31%

14%

8%

24%-

22%

Apr

4% Jan

135

No par

Goebel

15,900

5
■

15%

•

23%

*55

.

14%

'

■

*141'%

31%

31%

14%

65

*55

65

*55

25%
143

434

*8(4

,

30

30%

Jan

12

1% Jan

Preferred

1%

24%

«

15 VB

22%

23%

25

24%

24%
*140

24 7

,

Jan

12

Corp—:

Gobel

-2,500

297b

30

29%

30

30%
*24'A

.

Sep
Jan

2%

.■

1

1

*8

Jan

Jan

98% Jan

4%%

80%

"77

80'A

458

1 (A

1'/«

4%

May

38%

7% Jan

3

'

i

,45
■

Jan

preferred

Glidden

600

84 Va

1

Feb

10'A

5

.27

2% Jan

2% Jan

17

-t~--~r~No par
$6 preferred-—
a-.-No pat

100

1,600

95%
81 '/a

Nov

38

113 % Jan

$5

4,100

2

84

1

18'A

Sep

1'8

2

Electric Co—

Gimbel

200

>

43

23 'A

*77

Nov

22

12

—No

Gillette

11,900
:

16%

95%

81%

Jan

136

_5

Cigar Inc

General

4,900

A*

a

25%
*5'

Dec

12TA

May

14%

19

Jan

42
'

Apr

6 % Jan

No par

6%

2,300

■63

'

*41%

78 "
25

25%

11%

Sep

9 'A

—No par

preferred—

General

900

62%

*61'/a

2

*77

8%

27% Mar

1—5
,.50

Gen Time Instru'Corp_.

5%:;V

5%

V 16

"16

-•

*7%

Jan

36% Jan

7

Jan

preferred

Gen Steel Cast $6

r

83%

5%

5%

5%'

v%-

*77

81%

"*77

■

Jan

18

96% Jan

Corp—

A
cum

General Shoe

'

330

,

95 %

•

Feb

5'A

36% Mar

Feb

General

-5,300
:

Jan

Jan

Gen

3,000

15% W

6%

'

5%

7

;

5% Jan

—

$6 pref.opt

26%

25%

95

"21%

4

6%

84%

83

26%

95

26%

93%

84'A

26 %

84%

*83

Dec

Apr

~

114

Baking—__—
—5
preferred
-——No par

Gen

%
►

76

25%

25

18

Nov

2,400

'

25%

25%

Jan

Mar

27 »A

5%

Gen Public Service

16'A

*61%

62

15-%:

2

2

2

76

*75 *2

76

*74%

96 %

46%

1.700

108

15%

6%

%

■

Dec

May

15

;

41

34

'

Va

2

2

Feb

16%

'

V" 5%

V

*60

15%

41 %;

Va

5'A

H

60

15'A

42

*

*%
2

2

27%,

.4

m:*

2

7

Nov

39%

Sep

$6

■is

*17%

It.

15%.

61%

V>%
15

97% Jan '11

22'

■

"

11

105

Jan

Mar

Gen

67 Va

3*107;-

108

15 Vb

62%

15%

97% Jan

*

General Printing Ink—:

18'A

•

16'A

6Va

*41%

9'A

35

1,600

A

67'A

-17%

5%

43

18

10'A Jan

Transportation

Common—.

32

•

17%

*15%

16%

*60%

15%

15%
*41

43

■

18

16% Jan

98

$5

600

;;

*11% yll(4

11%
66'/a

"

.

33% Jan

16

Gen

500

15 Vb

18

18

-

11

5%

♦59

Apr

106% Jan

No par

1,100

%

66

15%

v-

15%

.

Apr

29%

6

'5'

19

General

106

*31

32

10%

*107

14%

60

87%

Jan

15% Jan ' 7

Dec

10

General Mills

31,500

A

14%

16

"31

6%

*58

22

Apr

31% Jan

par

5%

*105

106

62%

5 %■

Dec

$6 conv preferred series A-No par

107

•jV

Hi

.

.14%

*105

65%

*15%

108

*107

Dec

26 %

—20"

14'/8

5%
*105

,9,

,

,

.

13%

33

16%-

,

16(4

15'A

•

'6',4

15%

15%

*15%

108

*61

62%

62'/a
'

16%

43 %

Jan

19

5%

2%

*14

5%

10%

(Ay, 11 (A:

16 'A

-

Apr

,13%

6% Jan

$4.50

1,000

19

2%

107

>3L
/a

%

.

%

17 Vb

65%*: 66

17

17

*15%
'•*107

29%

4

1104%

.1

Gen Gas & Electric A

20

128

127%

13%

13%

65'%

•

11%

15

Jan

6,000

45%

*18

2 % '•

-

.

*105

106

*31

17%

2%

5Ve

*105

33

67%

•

.67

14

Jan

39% Jan

General

'

67%

14%

Jan

28

4

1%

132'

45%

127%

18%

14

%

106

17 Via

17%

17%
*11
"

67

7%

14

43% Jan

19

General

85 Vb

*129%

132

44%

107

*105

Va

*31

33

Jan

Jan

40,400

105%,

85

127%

2%

*5

5%

%

%
*31

87

Jan

General

30

33

32%

;

85

*129%

44%

2%
14

14

*13%

Jan

74'A Nov

37

t7%

900

105%

•;•••:

107

*105

106

4'A
18'A

102

Amer

Class

370

133%

23%

23

'•

'2,000

75

x74%

Feb

Jun

8

_100

General Cable Corp—.A

106 Va

44%-

2%'

%

13%

*105

15

3.9% Jan

—— r

General

106%

19

13 Via

13%
106

82% Jan

Jan

11% 'Apr

>

! 9% Jan

(ThO)—--No

Co

3,900

108

128'

%

%

♦13%
*105

18

—.1

2,500

100

128

4%

Dec

16% Jan

Apr

3

4

15

No par

5%

17,900

*18

14

13%

8

Jan

3% Jan

14

No par

cl A

3%

1%

45 %

*105

Jan

5

preferred

$8

35%

18 VB

5%

24Va

2

—

General

3,900

113%

128%

14%

Dec

^^^5

Gen

140

1%

18

107

19%

$G preferred—!—^—--—No par

200

.

113 Va

*128

5%

22

10

Gen Amer Investors

2,600

-X35%

18%

*105

107

Jan

21% Jan

3% Jan

.Gaylord Container Corp—
5%% conv preferred—

1,500

39'

1%

85

14%

14

14

*105

93

—10

—A

3%.

133%

35

132

2%;

Sep

6

Wood Industries Inc—;j.l

5%

100

'

35%

*84%

2%

69%

—-1

(Robert)

Gamewell

114%

♦129%

♦2 %

2%

2Q

30% Jan

Co—

(The)

Inc

Co

460

1%

84

44%

Gabriel Co
Gair

21,300

*112%

132

45

Jan

10

preferred™

800
A

2

34%
114%

83%

♦18

90

.100

——

,.6% .preferred

1%

128%

128%

19

No

>4%

8%

32%

32%

34%

-

109

No par

Inc.—^

Trailer

conv

'

*

Jan

8'A

14

prior

5%

700

104

6

77

23

*129%

44%

45

♦128%

Jan

29%

Jun

Jan

13% Jan

par

Coi-p

preferred

conv

Fruehauf

.8,800

7'

*135%

3%

*133

84

♦129%

37'A

Jun

6

8

'

Machinery Corp—

6%

10

9

38%

5%"

8%

22%

132

84

83%

83%

*129%

Apr

19

2

35% Jan

*105 Via

2

♦105%

27%

21

25% Jan

42

__10

4

7

v

6 VB

74

*112%

115

2

109

31%

35%

34%

*112%

2

15
18

10% Jan

4

78% Jan-

Freeport Sulphur Co

9%

*101

140

3%.

133%

*133

32%

32%

35 Vz Jan

7

Jan

-

2,200

; 19%

*8

38%

*5

9

,

102

*135%

78

22%

23 Va

133%

114%

2

2%

8%

77'A

9

78%

35 "4

115

1%

*135%

3 Va

•'

l'A Nov

23% Jan

16% Jan

*10 % 4 10%
*51
:
54

,,

7

•

5%

5 Va

♦112%

35%

*112%

i:

5%

5

32%

32%

15

preferred
—25
Francisco Sugar Co——No par
F'k'n Simon & Co Inc 1% pfd—-100

2%

9%

,

54

,

38%.

140

3%

*22%

Jan

2

Jan'

4,700

'

3%

10%

■

102

38 Va'

5 Vb

*133

ilOO

preferred——

Food Fair Stores

400

19%

,

V

Steel

conv

Food

2'/b

2%

8%

.*10

Sep
Dec

28%. Oct

6;

3% Jan '

-No par

Foster-Wheeler

50

2 Vb

3%

5 %

230

'36%

36%

9%

Follansbee

v$7

6%
:

.

2%

'8%

105

5%-

*45

;

19%

*51

3%

22%
133%

86

10
No

Co—

1,400

is

6%

• "

2 Vs
.

3 %

-7

5

8%

4'A

Apr

May

20.

1

Jan

',8

129

*17%

,

i-

19%

10 Va

3%
78

ili

19% Jan

1,800

18

■

38%

6

78

22 %

133

133

; 6%

J;

*115

'

54
■

*101

140

8%

♦77%

19

Florshelm Shoe class A——No par

97%

%

3%

%

% Jan

6% Jan

1

(The)—

Co

2,800

40

,11%

*96

9%

<

10%

*17'%

9%.<

20
3%:
8

%,

39%

17%

a
*

5%

3

1,9 "

300

•

10% ,"10%

97

2%

*51

7

x5%

% Jan

.

Oct

7'A

Jan

'/a

25% Jan

2

par

270

17%

2 %

*10

•

39 V i

*135 Va

4

16

13"

Florence Stove

3,100

97

/

2 Va

*8

102

38%

138

5

78

/7

-6 %

H

*135

3%

77%

105

1 Vz

6% Jan

Jan

700

33%

33%

V.

A

50

2%

3%

54

102

.

39%

%

10%

*51..

10 %

10%
*51

54

*102

,

20

8%

'

,

**

3%

*8Va

-

■*9 V

20%

20%

3%

;■:>

5% Jan

25% Jan

4%

...

;

'36%"

•

2

2%

9%

'

16

3% Jan
24

N Y——$2.50

preferred-

$4.50

21%

4%

18%

36

98

*2%

2%

2

2

*9%

.

*17%

2%

3

4% Jan

4

Kubber-i—

National

Flintkote

5,000

,: 28

*21

i

•

" 129

6%

36%

%

2;

5

No par
—100

preferred series A
Stores—1

G%
First

99%

*27%

-A

11

*45

50

*45

36

17

,

*97%

'

39%" I

.

*17%.

6%

I

50

36

98

.

■16%*.' 16%

.

10%;;':

io %

*115

18%

6%

6%

33

129

*45

17%

,

4%

33

10'A

50

*97

Dec

Corp-—

32%

4%

33%

36

17%

98%

conv

Fidel Phen Fire Ins

■" ■' 21'/a

*38%

36

35%

70

No pat

Stores-J__
preferred

Enamel

Ferro

400

13%

43

,

27% ,27'/a

*33

*45

♦97

Dec

;

Federated Dept

Firestone Tire &

""

*17%

Corp—

1,000

16%

*10;

,

18
6

70

4

Federal Motor Truck-

-2,400

.16%

13%
»

99%

4'A

*115

6%

.614

16

13% Jan

Federal-Mogul

900

4,600

32%.

27%

*115

17%

69% Jan

.—.5

300

103%

*105%

21 Vb

10%

10%

,

18

'

40

-

68'A Jan

13

43 %

16%

<4(4

10

•

Jan

20% Jan

$6 preferred—.;
Federal Min & Smelt Co—

;:26%

*97'/a

21 VB

-■

34

,io
*39

129

17%

50

*45

4%

i

10'A

40%

44

2

& Traction—

Light

26%

16 Va

27%

20'%

4%

34

33%

10%

40%
.

13%

26%"

99%

*97%

27 (4

4%

a

10%

-

27%

21

21

4%

Jun

34

1,700

3%

*82

43%

32%

16

16%

99%

,27%

32'A

'

16 %

'99%

15

21'A Jan

170

14

16'A

84

26%,

106%

32% 1

33

*97%

16%-

*97%

27%

*20(4
.

16%

.

*105%

106

32%

40% Jan

20
15
No 'par

Federal

3%

16%

13%

26 'A

99%

■

27

■

,

12

No par

Fajardo Sug Co of Pr Rico

8,500

21%

*13'A

-.

*42%

43,,

26

26%

*32%

13%

*13%

13%'

Oct

39% Jan

"

5,800

4

14

10

Fairbanks Morse & Co

■1,000

,90

21%:
>

16%

43%

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'

83

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13%

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14

3%

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3%..,'

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Jun

3%

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9

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89

89

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Jan

8% Jan

■

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34%
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share

9

9

;

1,000

j.

Highest
I per

9

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Corp—

f

23

■"

23 %

22 %

t

share

per

Jan

Co

Ex-CellrO

i

34%

35%.

*34

35%

22%

Products

Evans

1,700

t

-la

t

$ per share

share

Previous

19 Li

Lowest"

8% Jan

par

Cleaner—

Vacuum

Eureka

700

Year

Lots

Highest

8

No

Pitts RR Co——

Erie &

60

Range for

1913

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of

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int

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EXCHANGE

Shares

$ per share

8

40 Va

68%

share

per

Range for

NEW YORK STOCK

for

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8%

8 ('4
39%

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,

6%

24'A;

,

68%

69 %
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.

6%.

8%

1

share

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Jan.21

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t

share

per

9

39%

8

y4

4

%

(40 'A

j

69

8%

9

40.

S

per share

Friday

Thursday

Wednesday

Jan.16

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18

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'

13

13

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105

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For footnotes

see

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page

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319.

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300

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700

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105

6%

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preferred
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class A__;

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preferred

—

*

__No

par

100

Jan

12'A Jan
9 Va Jan

Jan

15

10'A Jan

22

13

8

Jun

11'A

Nov

95

Mar

106%

Feb

THE COMMERCIAL &

LOW

AND

6ALF-

HIGH

PRICES

Saturday

Monday

Tuesday

Jan. 16

Jan. 10

Jan. 20

per

%00,

#

share

102
15

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135

130
4

15

135

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%

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89

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(MA)

a

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V

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89

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7%
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v

v

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200

of

1943

100-Share

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t per share

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6

par

Year

102

Jan

■

98

■

'

Hayes Industries-Inc__

share

per

,104

' Jan

16%

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Jan

'

4

-

VA Jan

5

Jan

2

86

100
.1

Hayes, -Mfg Corp.—

f

Apr

:

12 y2

22

X126

of Amer class' A——Al

preferred

Highest

% per share

18.

15% Jan

1942

Lowest

I per share

6

13'% Jan

par1

Range for Previous
Lots

Highest

6%' preferred—j—m!1QO

V

700

Basis

On

Co $5 pfd.i—No

Harbison-Walk

.

4 'A

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7%

.

10

-.

i

»'

1

Range for

STOCK'

Par

4,800

135

4%

89

•■•

15%

*130

YORK

EXCHANGE

Shares

'

103 %

15%

135

*85

7%

*101

'

■

share

per

NEW

for

Monday, January 25, 1943

STOCKS

■,

the Week

S

103%

15

4 Vb

89

Jan.22

15

;

Sales

Jan. 21

103%

14%

135

Friday

Thursday

share

*101

•

14%

*130

4 "A

*85

89

t per

share

par

*101

102

102

14%

1

share

per

v.

■

Wednesday

Jan. 18

1

FINANCIAL CHRONICLE

-_2

r

7

4%
86

Jan"22
Jan

3% Mar
80

2

Jan

9

7% Jan

16

1% Jan

-2

-1% Jan

9

93 % Jan

20

56% Jan

6

Jail

146

Apr

Dec

4%

Jan

88

5 % May

May

8%

Nov

1%

Jan

94 V2

Dec

'

%

95

95

95

58 Vb

*57%

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75

132

100%

74%

103%

ns

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74

50

17

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17

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lb

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8

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8

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108 Va

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109

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%

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5

n

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46

•

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300

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,

5%

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37 V8

37%

100

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&

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RR

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3

4'A

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108

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165

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165

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22%

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7

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15

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13

37

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4

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.

7%

7

30

145

7%

6%

146

147%

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11

14'A

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134%

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41

104

38%

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34

14'A

14 lb

14 Vb

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14

61

61
4

4

31%
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32%

53%

52%
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4

29%
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6%

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9%

10

9%

94

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11%

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9%

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6%
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9%

11%

29%

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138

2

140

Dec

5

96

Jan

22

Jan

5

67

Jan

22

11%

Jan

21,

6% Jan

5:

10

No

Iron

.

Jan

6

6% Jan

5

,

,

22% Jan
108

Jan

.7

23 */4 Jan

21

7

(Jan

2

6

Jan

:

2

7%

Jan

par
par

144% Jan 20

151 Vb Jan

par

56% Jan 20

59% Jan

162

Jan

9

•

*136

;

■

•'

Feb

18%

Oct

23%

Jan

Aug

111%

Feb

10%

Jan

165

Jan

5lA Apr

,

5% May

8

109Vb Mar

Jan

151%

Jan 1

; 40

Apr

61

Dec

147

May

166

July

18

40 34

,

Jan
11% Jan

15

5% May

12%: Jan

.—5

11% Jan

14% Jan

15!

3% May

12 Va

100

55% Jan.
3% Jail

62% Jan

15*

.-1

4% Jan

14,

.1%

Apr

4%

28 % Jan

22

24 V*

Apr

30%

126%

Jan

7%

Dec

15%

Min

&

Chem

^

5ft conv-

Inter

190

5 ft

30'A

600

38 Vb

38'A

200

6%
7

9%

10

;

94

*90%

7ft

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11%

29

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140

*136

'!

•

500

/

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140

V

!

'•«»

6;
19

54

22

43% Mar

60%

Jan

19,

1%
30%

Oct

3 %

Nov

15"

Oct

46%

Jan

12

39

Mar

48 'A

Feb

May

32

Feb
Oct

28

Jan

A

30 »A Jan

22

26

Jan

7

38'A Jan

22

26

100

102 VA Jan

15

102 Va Jan

15

94

No par

6V2 Jan

7

6% Jan

7

par

May

39%

May

104 %

8;

1%

Jan

7%

Nov'-

8,

2

Jan

7%

Nov

14

6%

Jun

5

88'A

Apr

7%

Apr

11

24%

Apr

32%

9 V4 Jan

7
14

10% Jan

4

11'A Jan

CoaL—————1

27% Jan

5

2,9

•,

—

_1

135

Jan

lOVb Jan
94

5

Jan

21.

Jan

15;;

135% Jan

5

127

10

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28

27%

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102

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72

72'A

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.

'

129

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129

27'%

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•

10

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126'A

129

126'.4

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10%

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21

20%

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58

58

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69

69

67'%

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9%

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/

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8%

;

Jarvis

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-

19%

9%

-

20%
,

20
!

58%

20%

*56%;
66%
9

500

(W B)

Jewel Tea ,Co

Co—

.—I

4

'A ft

70%

70

126'A

*126%

71

20%

20%

Johns

3,800

127

r-

.

'

60

•

20%

20%

9,300

58

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57%

200

Manville.—

5 ft

66%

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69

*67

69

300

5ft

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12%

9 Vb ;

.
.

12

10% Jan

22

11

29

Jan

4

10%, Nov
95

Jan
Dec
Jan
Nov "

138

Apr

;

9 lb

■

9 lb

70-

12%

•'Joy

Jan

21

72 V. Jan

50

126'A Jan

122

Jan

par

19% Jan

7

.100

54% Jan

.100

64% Jan

—1

FurTi!———_io

par

"IxNo

Co—_

21

Jan

"7

58

Jan

8

68% Jan

8'A Jan

4

9% Jan

18

Xl2% Jan

19

13 Vb Jail

Nov

%,Jan

107%

% May

6

pref series' A-——
pre! series B conv.

Mfg

10%
33

May

126 'A Jan

■Jones & Laughlin Steel!—

3,500

Jan

J.8% May
85

.100

'

12%

9'A

j__— -No

5%

>

.100

Preferred

*57'A

9'A

9% Jan
26% Jan

;

—No par

preferred———.

J

58

lb

Inc,—•

v

'

70

126'A

V

27%

101

'

*56%
8%

'

•

27%
102

73V2
129

Jan

Dec
Nov

17% May
53% Doc

64-;

61

79%

Jan

11

Jan

13%

Dec-

24%

May

7% Aug

Jan

Jan

K
*12 "a

*123

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%

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*122-

124%.

■

5%

5%

21%

8Vb

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86

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86

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11%

ni'A

11%

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5%

88

*11

11%

11%
16

%

5%

8%

80

108

9

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124%

20%

8

15%

,V

5%

21%

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6

Vb

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124%

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20%

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5%

5%

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■>

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124%

5%
20

12%'

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21%

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9

9
*85 Va

11%

12 Va

124%
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11%

11%

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108

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16

lo*4

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15%

16

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16%

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9%

9'A

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108

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11%

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88

108
9 Vi

9

v

123 '

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'20

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7% Jail

7
2-

6

13

.

5

5

Feb

Jan

123

7

117

Mar

Jan

18

21% Jan

2%
16

15

-

2,200

9%

3,000

6

9

Jan

21

2

90

Jan

22f

2

12

Jan

4

6

.

145« Jan

"2

16 V, Jan

22

10'A

4

f 9% Jan 22

4%

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27%

10%

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27'%
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109

105

Jan

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105

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105

29%

30%

30%

15'%

15%

15%

15 la

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27

26%

26%

27%

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27 %

26%
2'%

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37

2%

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■'•

.-*2

2%

'

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37%

37'A

37%

37

20%

20%

20%

20 %

20%

4%

3%

4%

4

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25

24

24

24

27 Vb

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27'/a

27%

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10%

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19%

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20'%

12%

27%
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20%
109

19%
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27%.

20%
109

lib

13%

12%

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a

3%

25

3%

lib
13

25%

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5

-

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37

;

20%

20%

20 Vb

20 VA

•2.600

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4'%

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4%

%

10%,

25

25%

a 900

27%

27%

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Krbger Grocery &-Bak—No

10%

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500
'

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38

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38

37'A

3 7'A

37%

38

19%

20

19%

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19 %

20

20

20 %

12%

12%

12%

12%

12%

12 %

12%

27%.

27 Vb

27

20 %

20%
3 lb

■3%

1%

109

'

lib

12 Va

25%

3%

20%

3%

3%

27%

1%

1%

12%

25%

25

25%

15%

33%

33 Vb

32 Vb

5%

5%

5%

5'la

15 %
-

3%

l'A

12%

26

15%

20%
109

3%

25%

.

27%

20%
110

12%

15%

26%

27

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26%

.

27 Vb

20%
109

12%

13

25%.

.

*20 %

110

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15

*24%

26

Vb

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190

-

Jan

8

Jan

105

lOO

8

30% Jan

22,

4ft

12

11%

.7

26% Jan

16

13

Jan

.

Jan

24 Va

.

4,500

3,800

25%

26 »A

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15%

15 'A

25%

25%

25%

32 la

32%

32%

32%

33 lb

5%

5%

5%

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:

15 %

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5

6,000

6ft

;■

900

3,800
12,600

Lerner Stores

105Vb

,

•;

2% Jan

20%

19

30%

Jan "21.

4%. Jan

17

18

Jan

Jan

37%

,

Jan

15 Ve

Dec

Jun

29

Jan

!

>2%

Feb

40%'

Jun

,

Feb

22%

Sep
Mar

2V«

22

,

Apr

">1'% "Jan

27V2 Jan '18

Jan

3!A

Jan

19% May

27

Jan

22%

Apr

29Va

Jan

'

9% Jan

4

10% Jan

11

7%

Apr

13

Jan

4

38 Va Jan

9

21%

Apr

41 %

Sep'

17% Jan

5

20Jan

22

11%

Jan

18

Dec

11% Jan

n

12% Jan

22:

11'A

Dec

35

27

.Jan

20

Jan

4

108% Jan

11

20

28% Jan
20% Jan

8% Mar

5
11

15% Apr
-18% May

11.

104

May

28

Dec

23 lb

Jan

2% Jan

2

par

!:! Jan

2

l'A Jan

7

!;!

Dec

1%

Jan

11 "a Jan

6

13 % Jan

16

8%

Jan

15 %

Aug

26

17%

Apr

(Tlier
Corp

Dec

50

No

24

Lehn St Fink Prod Corp—:
•

Doc

9

50

preferred

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400
•

371% Jail

18% Jan

25

par

Sep.

100

Valley, Coal

conv

■y2V*

34%' Jan

26% Jan

?5

preferred...

Lehigh

l'A
13%

.1 1.% Jaii

A5'

23 % Jail

5

Portland ;Cement..;

conv

5Lehigh Valley.RR

1 %

*

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3,600

121B

*

No

14%

26%- Jun

15% Jan

par

100

<

11%

103%. Dec

,

May

7

par

(The) ——No par

,Lee Rubber'

700
160

3%

preferred..—

iLane Bryant

1,500
f

109

5ft

Lambert Co

400

27 '/a
20 la

,,

3,400
•

.1

■Laclbde, Gas Lt Co St Louis!.'—100

10

.

v

..

24%

.

.

'

2

25

par

;Kfnn^,:fG',RV, Cbt%Vl!!-%V^'-ft-!-!l

' i'

15% Jan

1i'5 "prior "preferred!!'!!—s.No par
' Kresge AS' S-) Co!—JO

27

33 Vb




*36'%

,

27

15%

319.

37

2%

24 Vb

33

page

*2 lb

27%

26

see

2%

*36%

*107'%

Kimberly^ClarkLli-A——No

Feb

Jan

28% Jail

'

24

15%

footnotes

goo

27'%

26 ',4

5%

'

Kresge Dept Stores..!
'
i..
Kress" (S' H) & Co'!.*.!——A.No

33

5%

*36 va

;

105'

vKeystong Steel ti W-Co....—No par

24

24

27 Vb

27%

*2

37

20 VB

12%

*26

2%

*36'A

20 lb

600

•

27

■

Kelihefcott Copper!!!!——i._!No par-

-29,400

,

11%

,100%

'

'Kehdall Co $6 pf:pfd' A——.No par

30%

15%

13%

For

-

29%

*15%

1 'A

5%

105

29'%

15%

1%

33

*104

30 «A

15%

3 lb

*24%

105

29%

15%

3'A

*15

*104

30%

*15%

110

*25

105

*103%

30 Vb

15%

Nov

'

.•!•

30 Vb

7%, OcL

Apr

jan

7

93% July
(

'

29%

Apr

8% Jan

;

P

-

'

Dec

81%
;

Oct

124

!

May

Jail

•83

-.15

preferred.100
Kelscy Hayes Wh'l conv cl A—„1
Class B—-——!—!1

Jan

j

11% Jan

5.ft eonv preferred-——!. 100

'Kayser

Jan

Keiih-Albee-Orplibum

16'A
,

100

Kaufmana Dept 'Stores-— jj,

200

1

9%

preferred^!-..——-

4ft

50

;

108

16

*

City P & L pf Aer B„-.No par
Kansas City Southern—J—;No par

3,600

21V8

a

).»Va
*9

,

Kalamazoo. Stove
Kan

5%

21%

9

400

124%

*5%

21%

*103%

9%

*122

"!

_.!No

Jan

12

109

Jan

3% Jan

22

Aug

2%
■

Jun

,

113
4

„

Jan
Jan

Jan

22

5

14% Jan

6

15% Jan

18

11%

Api-

14'A Aug'

par

23%'Jan

8

26% Ian

19

18

Apr

26%

31

-Jan

L2

Jan

33%

Dec

5

Jan

2

Mar

5 JA

Jan

-Libbey Owens Ford Gl—.No par
Libby McNeill. Sc. Llbby
!
7

33

'A Jan ;

5% Jan

4,
16

20%
4

'

Oct

■

*9'V,

*27'%

•

7% Jan

9034 Jan

,

1

7% Jan

;

par

preferred—!

•

36

_No

Jan

Jan

par

Dept Stores.,.——No

Oct,
Dec

136

Jan

7

par

Nov

Jan

4%
44

Jan

!

Dec

Dec

57

Apr

40% Jan

4

11

.

par

.No

Island- Creek

38

—-.50

.Intertype Corp.—

300

Jan

10% Jan

2

3% Jan
37 V2 Jan

:

Preferred —_!-————100
'.V

135

Jan

Vb July

40

....No

Silver-—

preferred—-

■Interstate

1,600

94

11'A

45-V) Jan

Rys of Cent Am.......No par
preferred.!
—100

"Intern'! Telep & Teleg..
Foreign share ctfs.!—!

3,100

:

10

2

International-Shoe—ul—

33,700

-

,

13

8 V'4 Jan

■"International
•

7'A
7

:

134% Jan

International

1*101 % 104

7

100

Co.—1

Paper

19

32% Jan

_

...15
preferred!.!--—v.w—v.100

—

International
■

■

Mining Corp.——

Preferred

;■

•

"100

.

;i

% Jan
9% Jan

900
-

30 Vb

7

9%

:

6%

Dec

Int Nickel of Canada.——No par

14,000

,

'*23

140

Jan

par

Mercantile

4%; preferred.!..-!.-!

44,700
'

40%

104

11'A

29

:•

12%

100%

4:

—100

Feb

8% May

■

5,

—

74 %

15

—No

Machines—^No

_

163%

Apr

5 Vu, Apr

15

Jan

100

July

:

6;

7

•:

,

May

54

18

10 7 Vb Jan

Harvester———No

■Internet!

V100

-

38 'A

*90%

11

74

153

par

Internal

4

6%

94

11

,

140

*136

35

Jan

•

*28

Apr

■

100

•

29

21

Sys claSs A—25

'35,500
!

43%

*6%

9%

*90%

94

11%.

2

Marine.—-—No

1,900

'

*10'%

35'A Jan

lilt

30

30

*37'A

104

*6%

7

6%

*90%

7

Int Hydro-Elec

41

*40'A

40%

6%

7

7

11 Vb

33% Jan

3,600

10 y8

*42

*37 'b

6%

10 %

Oct !

Jan

700

54

4

43

*29%

94

Fell;

14%

par-

-

Co——No

tPrCferred

13,200

138.

53%

42

29%

*10%

16%

Jun

7,300

!

32%

9%

10

4'A

*101%

'

%

4 Vb

*131

42'A

38%

*90 3 4

Sep

6%

■

390

61

Vb

32

138

9%

52%
'

'.

61

4

*40'A

104

.

61

41

*101%

104

10'A

12

-

9%

*4
42

6%

-

9

13% Jan

■!

'

7'b

13% Jan

i-

11

*37 Vb

30

*37%

V

164%

11

29%

*29%

162%

%

313b

51%

43%

*40'A

165

Oct

2

89

Internal'!

12,600

10%

140

9%

4 %

*4G'A

7b

*132

10 %

41
,

29

53%

43%

165

4

4

30%

44

•

61 V

138

43%

30

13'%

4

44

38

59

57%

%

10%

8%

4

57%

Oct

par

Rayon— ——No

Iht -Business

Nov

Mar

8

,62

Interlake

900

9%

23'A
42

Jan

preferred-——!
—100
'Intercom!. Rubber—-——No par

-8.500

Jan

May

11 Vb Jan

>11'

6%

1,100

7

147%

10%

u:

Vb

61%

30

52'A

57

573b
165

13%

*131

9%

4

%

1G4

%

4

30%

9%

n

61 Vb-

138

51

5%

Aug

10

'

iiV
11 'A

...

56%"

165

%

10

8

—No par

Interchemicah Corp

1,400

106

■

r

165

:

4%

Jan

2

100

-

Inspiration Cons Copper———20
Iusuranshares Ctfs Inc..—"...—_.l

5,600

IV* Aug

Jan

Dec

4 ft ——-A

ctfs

Steel

%

:
v:

series A—'—.1000

lines

preferred.——

Inland

'1,100

11%

6 Va

106

106%

v73B

!

6%

144%-

•145

57'A

58

*61 Vb

15

Apr

par

6%

67

66%

10'%

10%

*107

4%

Oct

Feb

Nov

Ingersoll-Rand——_No

62'2

4%
34%

1%

1,100

23'A

57'%

% Jan

Sep,

Apr

29% May

.

Jan

165

*161

165

65

14

7IV

1

106

May

2>A
,

•ft

161

*161

11%

7 %

% Jan

96

18

14*

Industrial

108

165

7

20

1

1,600

4

*101%

15

34'A Jan

108% Jan

U Jan

96

11%

30

4% Jan

4

5'A

34%

11 V4

38

2

Jan

95

14

4

18

3% Jan

■30»A Jan

3 V«

34

6%

164

*40 '

Dec

22

94%

144 %

*

4

44 Vb

5

5V4 Jan

'

04

Apr

Jan

4% Jan

34%

7%

7
146

43%

30%

45

Feb

1

Indianapolis P & L Co
Refining.:

'

9 %

Nov

.No par

94%

6 5 Vb

*107

,

5C34

11%

5 la

*34'%

7 %

4'%

Jan

23%

94%

*6%.
23

*61

8 >4

Apr

34V4

165

65 %

3

22'

Jan

34

7 %

•

Oct

'10% Jan

38'A

16%

94'%

*6'/a

*%

39 %

•

14

95

10%

164

Oct
Jan

22

34%
.

Feb

21%
27

5%, Jan

34

*93

.

Dec
Jan

115

23 Vb Jan

11%

34%

Dec

4% Jan

13

93'%

7%
18%

Dec

22 lA Jan

11%

'

Jan

Nov

Nov

8'

108 % Jan

preferred series A——100

RR See

Dec

15
17

Jan

6

Oct

29%

Mar

12VA

Dec
•

par

Min & Sm Ltd—No

Leased

!

12% Mar

"

-

134

Jan

2

100

75'A
•

.Jan" 15

3 4'/a

,37

Jan

„5

12%

10%

57%

'■44

t c._—._25

v

Indian

93

•

110

„.!.No. par

11%

10 At

7 Vb

22

13

11 %

67

6%

6% Jan
15 % Jan

Car—:
.JHtipp Motor Car Corp!

19%

10%

146

11

14'A

-Hudson Motor

37%

8

Jan

6

5%: preferred-!--————100

19%

8Vb

102 %

16

preferred—190

37%

8»/b

Dec

Mar

79

19

14

5

20%

8%

48%

16% Jan

9% Jan

37%

8'b

Feb

14% Jan

5

%

:

Apr

29% Jan

12

Hud Bay

2,000

51

125

18

,

Nov

,30 % Mar

21

8

14%

5

28% Jan

Jan

}
:

100% Jan

Oct

Feb

158

7

22

•

Jan

14% Jan

31

19

8'A

5

36 % Jan

37%

8 Vb'

Jan

No par
Class 33—_———!—lNo par

Hudson

'<■

5,500

•

100

50

-16% Jan

Howe Sound Co————

14,000

'

%

!;}

•.

v

75% Jan
132'A Jan

9

—

(A)—

Houston Oil of Texas

•

.1,200
>400

5%
23 %

5%

1«

1%

*5

23 Vb

23

5
2

Jan

1

Household Finance

1,400

1%

Jan
Jan

,

2

5%

4,100

Apr

■

6

100

4%

34%

4%

•

•

109"

4%
34%

*5
23

16

1

-

4%

*1%

5%
23

107 %

34%

4%
34 Vv

1%

*

109

10'A

■

Jan

V

13

73

(Jan

8%

35

*22%

*443b

t

Apr

TO

—

58%

May

141%

,'49

7

38 %

*12%

165

*107

4%

22%

4%-

%

*107 %

34%

*5

23 %

r

Apr

45

20

par

Houdaille-Hershey cl A

100

,

10 Va

10%

44%

44%

5,900
■

22

132

13

20 lb

94%

'-65 %

10%

34%
38"

Va

79 'A

22

Jan

100

...5

*4'A

11%

%

44:%

n%

Jun

13% Jan

'

12%

11%
94

■33%
*37

8

Jan

58% Jan
153

•

8'b

lb

*12%

34%

34

•

96

5

..No par
preferred—100
Hohiestake Mining———-'-1—12.50
7 %

■

20lb

38 %
4

■'

V»

Co__L—-10

Furnace A Del) 1_—.

Hollander & Sons

•'

Jan

.12Jan

Holly Sugar Corp.

v

*37%

20

4 Vb

900

1,900

38

4%

5%

5 Vb

1

.

*38

6%
15 Vb

33

10 14

Hlnde & tiauch Paper
(C E) The

Hires Co

•

*112%

*37

109

34

lib

23

5%

1

li

4%
34

1 Vb'

1%

%
Vb

8%

152

par

preferred——No

conv

-Holland

-1,300

14%

8%
14%

$4

300

,.

100

preferred—
J-Hershey Chocolate—....No

18

•

25

„

'

33%

13B

29

14%

10'A

*44%

108 Vb

%

16%

*28%

38

108 Vb

*107

*15%
*16

33

*37

10%

18

16%

.—25

W)„

€%• cum

100

,

28%

*112%

32 %

38
:

10%

105

16 VB

*8

14%

80
100

28%

8%

*14%

*100

105

*15%
*

*112%

32%

38

10'A

*100

29

*8

14%:

*112%

■,

Hercules jMotors—...—No par
•'Hercules Powder!.No par

1,300
'

50

*47

(G

Preferred

400

;

.

132

*13 lib

50

tHazel-Atlas- Glass CoHelme

10

75%

75%

132%

1,150

1,100

13 Vb

13 Vb

75

75

*49

17
V
16%

•

29

-

96
156

*153

13 Vb.

*131 lb

105

%6'A

*112 %

'

49%

*100

,A3,700

58%

58

156

13 Va

74

-

49%

95

58%

58%
*153

13 Vb

132

%

74
132

*47

94%

94%

,-■

58%
153

*12

*

1%.

•

"

94%

58%
153

12%

*131 %

50

*100

17

12%

132

"48%

93 %

58
160

13 Vb

132

50

94%

58
*153

,

160

*12%

75

132

94%

57%

*152

13%

*48 %

95

57%

160

152

1 %

25

Dec

Dec

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4145

•Volume 157

t per

I per share
*29%

.Jan.19

*29%.

31%

*29%.

31%

•■■(>6%

68

07%

67%

67%

67r; »'

68%

68%

68/

68

*176

176%

*24

'2470

*176

176

176%

.

*29%

,

>175

■

68%

24%

176%

25%

26V4

*25%

25%

35%

25%

25%

34%

34%

35%

13 Va

13%

15%

16

17%.

18

24

•24

.

Z

35%

34%

34 %

14

14

14

14%

13

.14

16%

"16%

16

lev*

*15%

15%

16

18%

18%

18%

18%

17%

18%

•17%

44%

44%

38

38 %

*34 Va

35%

,

6 %'

•

18%

,

,

<

.

16

16 % 1

••". 17%

44%.

43%

44 ■•

,38%

38%

38%

38%

6%

6%

6%

7%

18%

18%

>18%

18%

18%

18 Va

Xl8%

•

3,700

..

••

V

18 Vb

,

' 7

'

7%

18%

18%

39

'

18%-

;.

2,000
Z

4

1942

Year

Lowest

Highest
f per share

# p»r share

share
Jan

68

Jan.23

Jan

Apr

50 Va

11

33
73%

Jan

Apr

30

63 Va Jan

—.100

74Va

50 Va

20

4

Mar

•

176% Jan

5

24% Jan

19

16%

Apr

._Na. par

24

27% Jan

22

22

Jun

.„No par
—IVtt par

34 % Jan

3544 Jan

22

25% May

14 Vb Jan

18

.a.No

15% Jan

8

'16% Jan

15

16% Jan

5

18% Jan

16

45% Jan
39

Jan

12% Jan

par

,

42% Jan

Va

95a

Jan

177

164%J Apr

Dec

23%

Nov

32%

Feb

37 Va

■

NOV

1244

Jan

Oct

16 VB

Dec

24%

114a May

'

Jan

'

7,

:

14% May

;

Jan

4644

Dec

Jun

42%

Jan

2% Mar

7 Vb

2

37

Jan

4

31 %

6% Jan

4

7% Jan

6

.18% Jan

13

18% Jan

6

:

'

37% Jan
:

par
25

Biscuit—

Loose-Wiles

800.

69% Jan

Jan

par

.,-No

Long Bell Lumber A-—

175

•

22% Jan

„No

—No par
Loew's Inc
—
Lone Star Cement Corp:— .„No. par

,

4,800

'

•

,

5,400 /

•

39
.

.

7,900

"

43%: ■43% '••

-

Jan

63 % Jan

*

tPreferred

1,600
1,400

7%

30

Lots

Highest
$ per

share

—25

Series B_—^

■■

Lily/Tulip Cup Corp-u^-^.
Lima Locomotive Wks_—,
Link Belt Co—
—
Lion GU'Refining Co——J
Liquid Carbonic Corp_
-Lockheed Aircraft Corp—'

;

2,700

13% '

38%

44

300

35% '

6%

•

*

.

13%

44%

44%

'

50

24% ;

35 %

38%

.

176%

'

13 %:
.

per

& Myers Tobacco.. —;-25

Liggett

400

35%

.

I

—5

Life Sayers Corp

1,900'

27 %

7%

7

;

..

■

26%

44%

.

38%

18%

16

17%

•'

38 %

44%.

-

6%

'

69

*24

'

26%

26%

Par

Range for Previous

1913

HlU-Share

of

'

V

69
•

68%

*175.

27 •

>23

•

Basis

Lowest

•

•

—

'

24 Va

25'%

24%

%

13%

24%

•

,

On

EXCHANGE

Shares

31%

*29'%
*67
'

68

,68

176

176

.176

24%'

S per share

31%

68

68.

67%

''

the Week

Range for

YORK STOCK

NEW

galea for

Jan. 22

'

I per share

'

r

087'»

■

Friday

Jan.21

t per share

31%

%' 'OTVa

07

*68 W

Thursday

Jan.20•

8 per share

share

*30

31%

Wednesday

Tuesday

-

Jan.18

Jan, 16

;

.

STOCKS

HIGH SALE PRICES

LOW AND

Monday

Saturday

•3U

11

:

15

•

Dec

19 Va

,

Nov

16%

Mar

Nov

'

17%

152

*149%
63%

17 %

17%

152%:

*150

152%

*150

174b

17%

17%

*17%

64

*63 Va'

•64

20%

21/../

21

174u

17.:

i

*150-.. 152%

'17%

63%

20%

,63%

17%

64%

'17%'

-

152.%,:

*150

■

*17%
64%.

17%

*17

17%

17%

17%

17%

17%

*150

17%

'63%

63%

'Lorillard (P> Co——— ——10
-ullOO
-i
1% preferred-—-—

400/

Louisville Gas «fc El'. A—— —NO par

148% Jan
15% Jan

-100

59% Jan

8

&, Forbes^——10

20% Jan

8

21% Jan

'6

28

Jan

2

30% Jan

16

26%

-19% Jan

152%

17%

17%'

64%

64% 1

1,600

21 %

'

16% Jan

5,300.

•>:

17%

21%

•

1,100

!

3,600

Louisville & Nashville—-

.

:

17% Jan 18

2
,

148% Jan

12
■

6

11VV Apr
128

12

17% Jan .11

-

644i'Jan

.

Mar

.55%

Dec

153

.

18%

Jan

76%

Jan

23%

Jan

11%: Apr

,

22

Sep

M
'

•

20% '

20%

>'123

30%:;

20%

21

3=%

.

21%

21%

IOV'4

10%

,10

10

t!21.V'4

21%

>21 %

21%

.4%

3%

4%

■

> "■

21

'./•'■

7

^7-

-

*7%

7%

7%

•

22

900 '

A

6,000 "

*7%

7%

>14%

144^

*1

.1%

Macy (R H)

par

*14%

*1%

15%

14%

14%.

*1%

15%

144

*1%

1%

1%

3'/a

3%

3%

.10%

10%

11%

11%

3%

.

9'% V10% '

10%

.

11%

;

19%

19 :>'

19%

>3%

1%

100

Manhattan Shirt

17 Vb

Apr

21%

15

9 %

Nov

13%

Jan

20/

Jan

4..

27%

Jan.

3% Jan

;

19

22% Jan 21
4% Jan 18

1

6Vt Jan

2

Jan

18

14% Jan.

8

14% Jan

14

14ii Jan

5

14-4 Jan

11

7

200

3%

34 a

.3%

3 r'«

9,800

9?H

10

.10%

10 Va

10%

2,770

Market. St Ry 6%

1,1

11%

11

■11 Va

1144^

7,500-

Marshall Field/A Co_——No.

18%,

18%

18%

1848;

11V2
18%

1,8 4 b

,

4,500...

Martin

.

Va.

.3 Va

.

148

19

'

4%

.

4%

■

23

23%

23

23

23%
164

41

*2%

3

,

*21*%

//
•■

'--V

/

*

11%

12 VB

-

*4%
28

23%

-24,/.:

.24

24

24 Va

,

5
May
11% May
44 Mar

;

3%

•
-

>100

107 >

12%

13
12

11%

108

'

•

1,600

108

21

.

500

'

12

.12

*102%

21

21

20%

27%'

27%

■■

12

>102%

•600

-

21

:

5 'Jo

v

108

39%

15 Yh

112

*108

7%

112

6%

,

.

1,600

,

107

*103

.6%11

'■■■'•'.

6%

.

6%
*103

68

*67

conv

preferred—«-r_^100

5"

Jan

Jun

4 34

Jan

11%

Oct

8 Vb

Apr

12%

Jan

•

26 Vb

Jan

214/t Jan

19

62

*57 Va

62

*58%

62

30

30

30

5

',5

*4 7 8

5

*27

28

;:*27 %

28

30%
5

,

*27

>28..;,.*

,

■r*57%,

/..

■■

>62

*23%

30

19

Vb July

162

Apr

5

165

Jan

2

42

*57 Va

•

2% Jan

23

Jail

lOO

Jail

16

5

11% Jan
1G4

28

28.

28 Va

1441 Jan

9

76
9

18

10

:>>29;;//

27%

28%

*27%

/ 6%

6%

30 >*

"■.6%

29 Vb

*29
*27

28%

*2844.
/'

27%

30 '>■">

27%

...

-27%

'

27%

.

V *28%.

.-/.,:

29

29

27%

.

»

27%

27%..

...

,

130

29

Nov

101

Jan

14

21

40% Jan

Jun

Dec

12%
14

14

Apr

6%

.

Jan

—100

conv

10944 Jan
6

Co———-1

preferred

—100
No par

7;

15 Va Jan

15

11G% Jan

7,

7Vb Jan

"

12

Jan

4

Dec

Apr

108

Dec

7%. Jan
Jan

22

x5% <Nov

9

70

Jan

22

64%

Oct

77

Mar

Jan

15

60

Jail

15

55

Dec

72

Feb

29% Jan

5

30% Jan

13

20Vb

Jun

32

Jan

43/'b Jan

■;

'

Dec

15%

110

94

7% Jan

11

6
Jan
6744 Jan

39
.

May
Jun

5 Vb

Jan

Nov

9%

.

Jan

101

Jap

104

Jan

24Vb' Dec

v.

Vb- Oct

9%

18

Jan

103

27

2
12

■

Oct

108%

.99% Aug

■5"

Jail

10

.

Nov

22

May

'

7

Jan

Jan

3%

Mur.

23

,

46 Vb

Sep

4

12

2

5V4 Jan

22

44b

Dec

6

Oct

4

28 Vb Jail

22

22%

Jun

29

30

13

21

Apr

33%

Oct

60

25

Jan

•'(.'

-

30%

Stores

preferred .series A—
No par
$5.50 pfd ser B w w 4-No par
Melville Shoe Corp_
j.
——1'
Mengel- Co (The)..-.
—1
5% conv 1st preferred——1—^50

1,100

28 Vb

13%

13

Jan

104

7

38V4 Jan

preferred.

Jan

176
;

1V4 Jan

.

12 Vb Jan

7

Jan

-—Z-5

S6

500

.5%,.

-■

134b Jan

100

11

6 %

29%

5Vb

Jail

23 Va Jan

9

12-% Jan

-

3% Jan ,21

.

13

Mead. Corp—

430

..

Jan

.

'

8V2 Jan

McLellau

j

62

2.944

.

/.

5

70

Jan

Nov

29 Vb

.

Dec

25%

Apr

31

Jan

37

Mclntyre Porcupine Mines

7,400-/'

7>/4,

68

/

30

5

>7%/

.

•

2,600

34 %

Aug

.24% Jan

Jan

6 %

Sep

22-% May

Jan

165

19% Jan

V

107

*103

,

3 Vb

4% Jan
34

2>

;—:_1

5%%:

6%

.

/' 17% May*

4

-24% Jan

McKesson & Robbins Inc.——Z--18

1

Jan

2%

.

8 ./
11

No par

U2

.'■x6%

3%

16
22

■

400

3,600 /

Nov

19% Jan

McGraw-Hill Pub Co——

McGraw Elec Co—

-

1.100;

15%

*108

,

7 Vb
,

68

39 Va:

15%

107
>103
7 VB /
/•■;,, 6%
68>< 68

v,

644

V

*67

*39

'

10%.

•

112

7

,

107

•'. 64b

16%;

68

15.%

*108

7

*10

39%/

15

112

*108

7.

10

9 4.4
*38 Va

33%

15

107

5

■'

//• 9% /•• 9%,

9%
40

*30

,

•

*9

•

.

•

2

22

3% Jail
•

:

7

•

Jan

22

par

preferred—
—100
Department Stores—
10
Maytag! Co_
.No par
$3 preferred—^.
j.—No par
$6 1st cum preferred
-No par
McCall Stores Corp.:
1
McCrory Stores eorp^:_——-_I

.

Jan

164 b

11% Jan

5>

2.

3Tii Jan
32

May

*100 > 107

12%

108

■15%'

; *57%

28

*29

:

2,200

23

18% Jan

par

Wks—i-No

Alkali

Mathieson

1,900

V3%

*21%.

/

—1

Co

■

•

./ 4% Jan
xGVb Dec

10% Jan

2

Jan

9% Jan

Corp.————-No, par

Elec

7%

42%

3%

23%

X20%

1,900

*41V2

.

—1

Co

-

'

*9
,

'

'

23

12

20% >21%,

//' •■3/;.>'

107

>102%

'■-■:

Masonite

Master

600

*164
:

42

23

*1244

12%

•

/

41
■'

*100

108

244b

*164

41%
>'3-'-/'/

;

15 V#

68

30%
5 >>

*

23%

40

,

6% /

63

30%

.

23%

par

Martin-Parry Corp——*>—.No

:

1,300

*22

15 V#

■

*103

70

*60

8,900

23%

40
-

7 Va

,

6%

.

*68
'

*

107

6%

> '/

15

7

*103

12%

9%

: 4o

15%

•

■

'

(Glenn L)

3% Jan

——.5
preferred—100

'

9%

112

7

,

13

*102%

,

4%

;/: >2%
":*2i%

V' '• 3

13

>■•21%/: 21%

40

.

14%

V

4% :

32% >32%

-

,

>164
41

'

'/■

4 Va

32%>

23%

42

.

23
*214(1
>ioo\ : 107

12

:

*32•'

*22Vi
•

,

*102%. 108

9

40

.>■■•

•4%'

3244

,

24

41%

"

13%

21%

*108

>. ■ 3> 'i... •;

■*.

*13

32

8%

V

>100

108

21

23 %

4%.

> 32%

.*164

41%
23%
107

12%

*102%

3

'

■

V

>21.'.2

107

12%

23%

-.41- /

24

>J.OO

Vi

32

'

,

/

4«B

32%

23%

41

v

44 B

.

32%

23

23 %

;

4%

■

32%

*22%
*■164

4%

,

32%

32%

pr

Dec

23 b May

,•=■•

—1

1%

3%
/

Jan

19

10% Jail

„25

Maracaibo Oil Exploration
Marine Midland Corp.

18%

••

•

Jan

21 % Jail

4'

Sugar -Co,;:../,..;—1.
Ma-ndel Bros——
No; par

14%.

..>14%;
.

35%

,

2

Manati

'944

11%

■

19%

,14b

10%

11-%

14%,

3"'l!

10%

*14%

Jan

131

Dec

Jan.

'

*14%

Apr
Dec

10

No par

Cd Inc—

Madison Sq Garden—par
Magma Copper—.——_-10

500

7% 1

15%
122

—--lOO

preferred

Maek Trucks Inc_————_No

.

800

■:4': :
>7%'

"
■

"

7

6%

:

3,300

10 Vb

22

'

6%

'

21

*9%

.

4

■

•

2944

22 V4

4'

6 %

128

2044

10

MacAndrews

,

29%:

21%

21%

3%

"3%;

*123

29%

.

.10

:

•

128

'22%

•21

20%

21%

*123
-

29 "2

297«

21%

!

21

128

29%

,29%

3%

4/"

21%

>123.

:

128

.

21 %

■■

10 J%

21%

22%

21%

/"

-

21%

20%
■10%

'

10 Vi

"10

*123

*123 /;-■ 128
29 %•
29%

128

30

,

'■■

=

,7%

/

May.

Oct;

*

<

700

6 Va:

Mln Trans

Merch

100

.

3,700

,

&

Mesta

Machine Co„

29

Jan

7

26

Co—>No par
—5

Jan

Jan

13

28% Jan

16

24

Dec

30 Va

Jan

.~5

5% Jan

4

6% Jan

21

5

Apr

7%

Jan

—-—10

18% Jan

6

19Va

Jan

4

12 Va Mar

19 Vb

Dec

20Vb Jan

7

23 V4 Jan

22

16 */b May

23%

Oct

106 % Jan

4

59=% Jan

12

'

•-

19%

'19%

23

23

108

108

'

13%

71%.

13%
1%

'..1%.
3%

3%

73%

18%

88

,88

/

18%
87

•

i

v.

110%

9%

17

*13%

13%

13%

1%

: i%

-.1%

,34u

3%

87

11%

*23%

23%

23%

8644

: *113

,
•

5%

17 Vb

17%.

16%

1744

9%

10%

10%

10%;

12%

12%,

23%.

23%,

2,100

3%

;3Va

■'/ >61%

/ 3.%;;.,
61%

4,200

6144

12 Vb

12

12 VB

12%-

/'• 23%

23%

23%

23%

05%

*6,5

65'a

*112%

112%

3VB

3%

V, /

36

61

16Vs

*16

17

65%

*65

66

112%: 112%

•2

6

*112%

64b

•

*36

6

37

■•

*36

•'

6%

59 Va

Dec

Jan

108

xl074b May
1 % May

111

Oct

3

13>

%, Dec

Jun

67

* Mar

Apr

1444

300

1% Jan

18% Jan

86% Jan

8K

7

Jari

108% Jan
33% Jan
•31% Jari

133 V2' Jan

8.

66

i:

.

1 %

6%

6%

6%

7

26%

26%

26'/a

27

26

26

26%

16%

16% V

16%

16%

16%

16%

/ 2

16

()34

7

*1 V'b

;
'

6 Vb

6%

;

-

300 •'

:

120

6%

'/

1

7

6

•

/

6

*8%

*17%

"8%

8%

8%;

8 %

16%

17

57a

18%

*17%

-

7

6%

-■

■

a

6%

•

6 V'b

19%

-

Oct

Apr

11044

Jari

23%

Apr

34 Vb

Dec

'

'

21

28 Vb

Dec

17% Jan .18
10% Jan 22

12%

Dec

6'%

Jan

11

Oct

IIVB Jan

12

12% Jan '22

9%

Apr

12%

Nov

21 VB Jan

8

>23% Jan .22
>/3% Jan .16

20Vb Aug
2
Sep

25%

Jan

■

& Co—. -——No

par

13

Essex—50

-9 VB

Brass/Co>--/.-^-r.-r;-i.—~1

2% Jan

2

,

18

62% Jari

50

11 Vb

; 15%

19%

>

11.;

11%

-".11

15%

15%

9

9

9 Vb

16%

18%

19%

■'

/;

1,600 V
6,100,.

19

19

'

6

6%

19%

20V4

10%

10%

11

15%

,15%

15%

7%

7%

:

6%

20 Vb.

Jan

7

66

Jan

112% Jan

7

.114

Jap

5

108%

Sep

113

6% Jap

l21

4%

Jan

;

37% Jan .22

30 Vb

Jun

/

'5% Jan
34%

16 V2 Jan .18

.

2

Jai) 12

11 Vb Jan,
■;■':

11

49

10%

,

n

■

•'

15%
,

157 a

7%

7%

:>7%

:

9%

*9%
25%
18

18

.

.■" 18%

;' 9%

26

25%
•>

7

9%

*9%

26

,

7%

■

9%

25%

:

18%

■

Va

*18%

.

7%,

*9%'

.

26

,

•7%

9VB

23%

157 b

1544: :

t

>

6,100V

Nat Cash Register—

'

26:

25%'

:

'■'

■•

•:•>

6%

'

6'4B

,

77

*75%.

ja%

*18%

18%

64 b

>6 VB

6%

*17%

.14%.!

141

163

•

138%

"

•

•

*34%

■',2% ;

19

14%

9%

•

'

*33

6%

63

28%

?5!a

2%

2-%

■

'■

53
1

6%

.

1344

.

%

-

35!'2

■'

■25r

■

t>6

,

'•

24b '

;

*138Vb- 143

•.

16*4/
V

:<
'

."3-6..,/

V2'

2%

15%"/

=

*160% •162

10%'.,

1.6 V#',Jf

*oU

'35%-

.2%

.

58

W

53
"

64 b

15%

•

59

-

'

63 Va

1

•

:

6 Vb

'*57%

■

64 %

15%-,

'•

•'

-"15%

,

12,900

1

-7%

9%

9%

9%

.16

*38

111% '

28%
'12 %

18%

-

1

82

*141%

•18%'

■

■

7
'

•

16

•

*76 *'-■
.

11%

7%

9%

*15%
'

"

39

114

*76

120

•

2,20(K

35*

1,100
8,000

534aV

3,300'

71

3's-

•

9%

934

•16 V#

16 Vb
1

82
•

•38%

*76

■

'

/

94b
82

.

9.%

,

.63,4

.

10,800
;

4,600'

59 %r'

.

65%' .■'66'- /

13%'
•

.,

•

'

!

"9%

.-

/*ir/B

.>82.'/.:
38%/

800?
70(H

74«<
9%-'

3,500,
r

1,100?

16%-

;

300.
■
•

-'*76
»38*

900'
1

.'"3,V4-"'

7.%

•

/9% "

.

t,K

'

;594'h'
:

■Ti/2.v

*37%

,

.

:

38 %

.

15% / :15%/

/;

'

/

/•-3%;/:

3 Vb

*16% '/■17-

16%

>37%

V 6%

'

65: !

.7%'

82 »

,

■'
.

38

lOO

■

'

*111! 2' 114

*111%

114

*111%

•

114
'"

■

28%' ■;28%

28%

28%

28 Vb

28 %

12

12%

11%

12

11%

12-

12

18%

■

59%

■'

7 %"

8

/. 53' b

64s '/

*58%

:

*38
"

•'

-

'

•■15%./-

/•, 64"v

63, Vb:

53 Vb

18%

18',4

18%

13 %

18%

19

96

96

•

-

•

■

28%

V

29 %

12%

/

*111% :114
30

'29%:
,

•T9>B "

/

1?%
1844

•'

.

50?

V

.

4,000?
25.500.,

1?,%
.

19

'>

96*a

■

For footnotes see page




319.

96%

96 %

-

964b

96%

*96%

100'

■

*96 V'b

'99

V

39%

Feb

I

4,500

,

•

400<

7

Oct
Nov

16% Jan

18

6 Vb Jan

15

13 Vb May
3
Apr

19%

5*A Jan

84b Jan

•j.

29%

9

Jan

15

15 V'b Jan

.

9% Jan

Va % prior preferred--—--,-100
6% prior preferred-..——i-100
National Tea Co———T
No par
Natomas Co—
—No par

-No par
—1
4%4fe conv serial preferred^—100
Newberry Co (J J)
—No par
544 preferred series
—~-iQ0
Newtnont Mining Corp
i—10
Newport Industries
—1
N'port News Ship 8t Dr Dock—:
1
$5 conv preferred:—-No par
Nchi Corp

—

Neisner Bros Ine

—

5

19 V4 Jan

20

v

.16
•

6% Jan

•

,11%

-

9

7% Jan 22
9% Jan

9 V'b Jan

Jan

.

•

74% Jan
Jan

U

UIV4 Jan

16

'

26% Jan

2

10% Jan

12
2:

7

Dec '

Dec
Mar

Apr

43% May
4

.

36

3%
54

•

-

Jun

16%

May

4%

'

II

Oct

Feb

Feb
Feb

4

Oct

9 V'b

.

Feb

9 Vb

Oct

5%,Mar
'Jan

15

Jan

70

•

2% Mar

.
.

Jan

Nov

63

4544 May •

5.1

Jan

6%' Jan

May '

94b

.

Jan

17% Mar

Apr

1%

.

^

16 Vb Jan ,20

Dec

17

Dec

Jan

5

75%

Sep

38% Jan

15

28

Apr

39*%

Dec

111% Jan

16

104

Mar

110%

Dec

Apr

75
.

146

29 Vb

Jan;22

.3% Jan JJ5

-

13 %

-

•

,

168

Mar

.

•

16%

May

•

Jan •' 13 :

66

Nov

67b
72

129

4

59% Jan ' 22

.

Sep

18

Apr

145
-

16 Vb Jan ; 18

Jan

95VbJan

.

Nov

26

Apr

Jan

60

Dec

Nov

,

6% Jan: 22-

,

2% Jari

17% Jan

,

6

Jan1

54

Jan

37

Jan1

2% Jan

,

Jan

16

8% May

21

Jan

36

2

.

7%

9%

4% Jan '

16% Jan '21,,

13

544 Jari

Apr

Dec

15% Aug

,

T4%/Mar '
3 44.' Apr ;

.162

J4V4 Jan

6

Nov

9%

17%

/139% Jan ,19

■

62

L

15% Jan -22

Jari

57

Jan 22

77

.

13

Jan-8

24b Jan

5%
20

•

Sep

18 Vb Jan '18

2

34 Va Jan 12
.

Oct

Dec

Jan

Jan

,

6%

12%

6% Jan *• 3

-4

-

11

9% Jan 19

.1 70% Jan

52

Oct

Jan

16%

264b Jan 22'

•;

12

14% Jan

9%

16%
166 %

Apr

3%

'

18 -

7% Jan ;13

,

Jan

Jan

Dec

•

May

12%

64b Jan '18

It'A Jan

14% Jan

137

May

,

140

;2C% Jail'21

■

2% Jan

Jan..

Nov

8%

'

18% Jan

6

.13

'

Oct

"■5%

Jan

6 Vb May

15

Jan

Jan
Jan

17
5 V4 Jari

160.,

5

Jan

1G5

54b

21

.17

C%. Jan

15.44 Jan

162

preferred A—a-100i
G% prefei-red B-—
—;—100
Rat-Mall & St'l Cast Co——No par
National Oil Products Co4

•

3% July,

16% May '

National. Lead-Co;_U.^.———L—10

National Power & Lt—
No. par
National Steel? Qorp———25
National Supply (The) Pa
>__10
$2 conv preferred-^—
=--40

Jan

18

14

■

Dec

34b

18

Jan

■/17% Jan 15

Stamping-/.^—NP par

National Gypsum Co1——----1
$4.50 conv preferred—
No p«r

7 %■

'

*96

.,

-

/ ,-2%' "./■234'-

*

.

60,

16 %>

•

=

"

-

-;59%
;

"■

6V2

'

74b r

53%

,

•6% •

63%

3%

,*3 Vb

-

53%

15 VB

.-

'

■64

'

-

15%

.

'

111%

15 %

*

80

:

'■■••/.is-:/

*133Va.' 142
'

'

33
'

3%"' > -3%
=

16%

39

•

16

,

8,000:
f

162 Vb.

>lf-9'

200

Z6

.

*77%;

•77'/;':

14%. >15

14 %-

142 •.'/■!:••

,

16%
59%

•59 >•
:

■

'80
,

.14%

,

162 Vb'

"

2%

6%;

3%
'7%

,

14%

•■"15V4

'

>38

77

>

•

*160

'

♦15%

764b
!

*138

53%-

15%'.-

15%

%. .63

-7%

76%

-

162%

■

2%

58%- '58 % '

*3%

:-

..1394+, 139%

'

35%

■•

.

*160,

16 v

53%

-

■6%''.

'6%'

62

7,7

-

6 4t

.

NOV

Jan

9% Jan
x25% Jan

.

4,200

19% >

.*17%
•,1

6%

6%,

Dec

6%

7

Nat Eriam &

1,400

•

/•264b/

'

54
,

;16%
:

*76%

T 139

*15%"

"

■35%

2%

.

:

'

16 VB

v

54

15

*160

163

1

•77

.14%.

-

'

*138%
*34%

6%

6%

*76%

,

15

*160
16

6%

<

9%-;

1,500 =•

■

'

/ '

9% I

26 V'b

•

12,600

•7%V

*7V4

•

Feb

Jan

27

Np par
National Cylinder Gas. Co^-/—^-1
Nat- Dairy Products——No. par
National.Dept Stores—r-——Nh pat
6% preferred-1
—————-10
Nat. Distillers Prod.:—No, par

6,200

16

15%

;

9%

*9%

23%

"•

7% ".•

May

Jan

Dec

6% Jan

preferred—a———100

Rat Bond & Share Corp—„Nd par
National Can Corp__
———Iff

'

-

-

,17
69%

23% Jan

conv

8,300 V

20%

20
■

700

>6%/,:

6

,

•:

■7%

18%!
'

6

19%
10%

'

3%
63

Jan

7

5

63

National. Biscuit Co—-——-10

11,300-

162%«

18%

•

:

6%

,

16%*'

*159%

;

'

9%s

9%
16%

17

162%:

,

'■

.9

29% Mar

Jan

preferred——.,———-.10
National Aviation Corp-——5

3,400

-

6 V'b'

6

370

:■

16%

*8%

9%

16%
>■159 Va

•;

; 48 Vb Mar

15

prefeiTed——j,—-100

Murray Corp of America———10
Myers IF E) & Bro
:
No par

.

53 / Jan

preferred—-——
No par
Munsingvvear Inc_V—1—l-_Nq par
Murphy Co (G C)___—
Np par
$7

Liquidating Co———No par
Nash-Kelvinator Corp
—5
Nash Chatt & St. Louis.^
--100
Na,tionaI Acme. Co.———>---1
Nat Automotive Fibres Itic_—4-^-1

24,100-

27

16 Vb'

>

;

6

*8-4*4

.-

162%

/.64 b
20 !b

•'

19%

19% ; 19% 10%
11% 1

5%

■'••

26

/':

.

16VB

-

1634

18 %

.

27

,*159!'a

163

*17.%

.

9

87a

16%

16

5%

.

*8%

8%

16%
*159%

.16%

'5%

9

8%

17

163

,

6%

5%

8%

16%
-

18%

,

5%

>8%

>160%

'

163

*159%'

6
9

6

<

>■

9

*26

Feb

102%

N

-

'

27

Jan

117%,

May

Nabco

2

*1%:

2

91

May

-

May

22

14

=

Oct

112

15

118

Oct

Oct

18

7

(J>

■;./ •;%■;
*

'

2

Feb

Nov

110

7

20

36% Jan

2

.*

T5

Jan

UOV4 Jan

20

115

118

Jan

115% Jan

2

Jan

par

18

■

°1%

>

•

1%
4%

5

4%%

12,100

37%

Jan
Jan

12%

22,

12

%

1%

18

4% Jan

Jari'

V 30

6%

8%

2

Mullins Mfg Co class
■

200

6 Va-.

22

14% Jan

57 Vb

Oct

Mueller

240

66 ■•■'(

22
22

Jan

4

par

Morns-&

3,400,

'

76

,

Jari

Morrell

12,570 ;
•

17

,

37%

37%

•

Jan

Motor Products Corp-—;-—Np par
Motor Wheel Corp—
—5

/> 200'

•

>112%:. 113%;

113%

4'B

Nov

35 Vb

17% Jan

•

14,500

-/

35,

:

66

>

108%

Jari,

B—-j-^u.Nd

series

4% Jail

2
7

<•%

$4 preferred, series C——NO' par
Montg Wa»d &a Co Inc—•_•—-No par

250.

v

36%

*16

65%

36

#1%.

,

61%

16 Ve

6

5%

3 %

3%

>60

112%

*112%

36

3%

62

>

<

110

*32%

1244.

22%

.

23.

6

■

33%
•

Apr

5

,

88V4

3% Jan

Carpet /Mills-—20,

Pi-efemd

.2,600

9>'B
*11%

.

'

Jan

preferred--.--^.—No

$4.50

:

"35%

30%

7

Jan

61% Jan

.

13% Jan

Monsanto Chemical Co—i———10

10

>.33%

65%

2

1,200

944

■944

17

*1%

88

17VH

15%

93<

*16

36

Mohawk

33%

>32

16%

16%

37

1,200

■

110

110.%
•

3

15,500/ / >7% preferred series A—---V100

4%.

*117
>117

109

64% Jan

par

18%

33 Va

16%

*35%

1%:.
-

88

87

>117

15%

*60

5%

14%;

■■

'.

34%

3%

.'

1,500

34%

62%

113%
6 ' ■

NIorKan-Texas RR——No

18,700,
.

110%

61%
v

t

34 Vb

."•'3%

66%

V4,

U0V4

16%
,

4

; i8%

>117

118

1%
44a

,

18%

■•

87

87%

14.%
,

.

103 Vb

■

i%
44's

3%
*17%

:

4,000
3,900-

i

76

74

14%
/

•

;<

--/•

■

3%.

••■

,

•

Petroleum

■

:

3444

62

%

:/>;

184#

-

110

1,200

*109%

23%

*65

/ *106%

%'

80*

60%:

1

•

eopper__v__—

Midland Steel Prod--——rLJVo par
8% cum 1st preferred——-100
Mion-Honeywell Regu:.-„_U"Nq' par
4% conv pfd series B
—__100
4% % preferred series C—/-100
Minn Moline Power Imp}1
$6,50 preferred-——
——No par'
Mission; Corp-T:-i.-,—
,10

34 Va

12%

*16

*17%

'

"

60

Miami

Mid-Continent

400 ,•

>31%;

11%

60

'

i

5,600

110%

17%

11%

3%

18%

118

9%

•'

:

*117

33

9%

3%

14
.1%

:74

72

t

110%

9%

•

3%
72%

4

'

i

109 Va

*107Va

•

3%

3%

3%

,

.

*112.

72 V4

B

23%

*112,

,

19 %

23 Vi

19 '4

.

*:oS4'.f 110,-

110

'3%

87

34%

/

33

17%

16%

'

73%

3%

110

'■•>: 34%

,33%

*33

■59%

>119

110

34%

34

59%

>106%

18%

;

"

>109%

,59%

*117

>119

f

109 Va:

>112

1 1

,.

*117

*117

>119

*107Va

'13%••

1%

87

.

23 V*

107%

-6%

•

.

19:%

3%

14 VB
4

.18%

5944

109

'

1%.
3%
18%

•

>22%

19

72 V4

72

14 Va

,

V,

3%

;

18%

1%

6%

.

107%

>U2.

1%

*71

>106%

107%.

■"

•

22%

59»%

,

6 Va

.

*22%

,

107

59%

6

-

1844

22%

107

*112.

-

6

19%

" 22%

;

59 Va

59 Va
*106

'

*113
3%

,>

91

108%' 108%
,

6%

19

19%

"108

>106

.

19

*22%

59%

59%

5%

6%

•

70% May
.

30%

Feb

7%

Apr

11%

Jan

19!# Jan' 21

15%

Dec

25 %

Jan

96% Jan

qi 1

109 %

Jan

30

22 %

Jan122

12% Jan.21

20

.

o

THE COMMERCIAL; &

FINANCIAL CHRONICLE

STOCKS

LOW AND HIGH SALE PRICKS

Tuesday

Jan.20

Jan.18

Jan. 16

s per share

29%

29%

29%

29%

29%.

11%

11%

11%

11%

11%

I per shar«

29

29

29%

H%

11%

11%

13%

*12%

13

12%

39V

40%

39%

40

36%

17

17

*12%

29

11%

12

11%

12%

35%

,36%

17%
6%

17%

3,500

*18%

.19%

34%

35%

35%

35%

16%

17 %

*6%

7.

17%

17%'

17%

,

,

'

19

19

68

68

*88

100

34%
«

67%

34%

■

7

:

35%

1%

1%

.1%,

%

%

21%

21%

••23%

23%

*23%'

23%

173

171%

1.13%
10%

*50

52

49 %

'

%

;1%.

,

23%

,

21

*23%

22%

,23%

23%

24

170%

?170%

171%

113%

113%

10%

10%

10%

10%

10%

10%

10%

51%

51%

52

54

53

53

52

52

49%

49%'

50

50

8%

8

8%

10%

10%

114

ley*

15%

37%

*36%

*3%

3%

"

*31

32

*10

". 12'ft

15%

15%
37

15%

15%

;

3%

.

31%

31%

*9%

10

12

11%

12

33%,

34 %

*30

32

10

10

10

12%

12

12%

32%

34%

32%

33%

5%

'5%

5%

*30

"

9%

9%

••

12 Va
17 Va

Feb

51

Feb

6%
35

Dec

Oct

Jan

15%

May
12% Apr

6%

Dec

»16%

Dec

21

60%

Dec

110

Feb

22

80

May

109

Feb

39% Jan

21

23 Va

54

Jan

,% Jan

19

A

Jan

1% Jan

11.

%

Jan

% Jan

13

Va

Jan

19

7.

Jan

Jan

4

16

101

6

10%

9

Jan

80% Jan

,

22
■

2,

North

—100

American

230

5

,

.

Dec

J* 2Ct'
2%

'

200

200

10

31%'

10.

10

11%

12

Preferred

400

15,100

Jan

22

15% Apr

23'ft

Dec

173

Jan

15

143

Mar

192

Jan

114

Jan

14

108

Mar

116%

Sep

10% Jan

8

6% Mar

11 Va

Nov

9% Jan
491/2 Jan

No

Jan

20

39

50% Jan

21

39

9% Jan
91% Jan

10% Jan
91 % Jan

7% Jan

8% Jan

107

110

Jan

52%

Jan

Apr

53

Jan

15

9%

Dec

14

6

85'/a

Apr

96

16

Jan

Apr

4%

Jan

15

15 Va Jan

19

16% Jan
37 Vs Jan

14

Jan

6

11% Jan

8

13

31% Jan

21

Jan

13

10

17%

20

Dec

38

Apr
Jan

•

Jan
Nov

.110% Sep

Apr

1

Jan

s ^r

Apr

31%

3% Jan 11'

15

8% Jan

2.50

100

5

6
14

31

——50

Jan

•:

'

36
Jan
X3% Jan

par
50

.J..No par
—

54

48% Jan

.

—1

—

——_i._—

Jan

113

.No par

Norwich Pharmacal Co—

30%

162 '/2 Jan

50

Norwalk Tire & Rubber

2,800

,

Oct

Jun

24

5

'ft

19

100

Northwestern Telegraph

3%

Sep

■

22% Jan 22

14

Jan

Jan

100

Aviation,—,

16

*30

23 ;

50

tNor States Pow $5 pfd_
Northwest Air Lines

4

Jan

20

Northern Central Ry Co—
50
Northern .Pacific Ry
—100

14,000

4

It Jan

1

10

37%'

.

1% Jan

—

110

*3%

■■

3%

32

*30%

Feb

Jun

11% Jun

19

7% Jan

4
2

63% Jan
101

preferred—,— —„-100

37

15%
37 y4'

"3%

17% Jan

Jan

Jan

15%

15%
37

37%,
3%
32,

*3%

5

6%

28% Jan

preferred series
5%% preferred series

5,700

8%

*109%

110

109%

15%

*37

37

3%

3%.

110

32 V4

23% May

16

100

6%

1,200

10%

7%

8ya

:7%'

7%

110

110

37%

.

3 %

10%

12

*

7%

8%

110

110

*36%

15%

7%

11

40% Jan

—100

North American Co—

100

*92

100

*92

'

110

,

800

50%

10%

10%

10%

95

50%

50%

,50%,

.

10%

10%
*92

94%

I per share

22

12

20

—

Shipbldg Corp part stk.
Noblitt-Sparks .Indus Inc
tNorfolk & Western RyAdjust 4% preferred—

21,400

*92

" Highest

f per share

19

Jan

13% Jan

2

16% Jan

—50

JN Y Ontario & Western,

120

10%

10%

par

N Y

570

170

*113%

94%

29% Jan

4

14% Jan

par

.

.No par
50
:

preferred

non-cum

Conv

400

171 y4

49%

10%

110

:

52

49%

share

34% Jan

t,N Y N. H & Hartford

3,000.

;

113%

*92

109 %

.

.

169%

10%

8

.

113%

94%

per

20

N Y Lack & West Ry Co——

600

%•,

* ft

'

172

10%

No

No

York. Dock—

'

'

114%

*91 %

I

11% Jan

-100

f* preferred—r—

10%

2,100

■

21%

23%

27% Jant
10% Jan

par

—100,

,

N Y & Harlem RR Co—
,

1,360
1,400

•

.1%

1%'

21%

23%

ft

•

5

20

39%.

•

*%

New

790

*113%

171%

share

'

■',%.

.

.21%

,

79% '

38%

.

'ft
!%

:

*%

%

%
21

21%

ft
1%

.No

—

preferred series A
NYC Omnibus Corp

400

10%

*50%

49%

39%

38%

I per

1942

Year

Lowest

•

-No par

Central

6%

200
,.

101

,101

101

*96%

ft

York

N Y Chic & St. Louis Co

1,700

.

6%

79

80%

78

•

1%

%

*23%

114

10%

■

,19%:

*18.
■

38

•ft

1%.

21

171%

114%

10%

35

%'

'•

•

1%

..

%

21%

171%

.77
106

35 Va

%

*U92

*114

71
*95

35

%

'

7'/a

*6%

19%

*17%

71
107 ya

69

'

21 l/a

•

19%

.

*90

100

35

Va

,

*18%

68%

*88

7

*6%

7%'
19

19

New York Air Brake

New

Range for Previous

,On Basis of 100-Share Lots
Lowest
,1'
■
Highest
i

'

12

39%

•

Far

15,300

11%

.

1913

'

'EXCHANGE

1,700
59,200

29

11%

11%.

Range for

NEW YORK STOCK

Sharee

share

29

29

.11%

11%

17 '

18%

*6%

.7%

7%'

the Week

I per

share

12%'
'

17

t per

Sales for

Jan.22

Jan.21

$ per share

I per than

Friday

Thursday

Wednesday

Jan.19

Monday

Saturday

Monday, January 25,1943

'

Mar

3V(

Dec
Oct

34

Feb

7% Sep

10% Jan

O
;

33%

12

34%

5

34'/a

:.

5'ft

,

■

34%'

5

5

5%

•12

34 %

5%.

5%,

■

.

35'ft,

■

5%

/

,

28,300

74

73%

4%

4%

17%

4%

17%'

4%

17%

74%

74

■

17%

4%;

75

74%

.

4%

.

*4%

'

*141

,

*28%

29

*28'ft.

50

*46

48

55%

,54%

29

29

*46

54%

55

..

142

*4%

17%

*28%

29%

50

*46

48

46

20

57

3,000

Owens-Illinois

!

55

55%

57

56 v4

8

*7%

8

■7%

6%

7

,

6%

24

*23

*14%

~7

14%

15
13

7%

25%

25%

25

16

24

6%

25'ft

6%

16

16%

15%

12 y2

*10%

*10%

*11

13

25

25 'ft

25

25

35%

36

35'ft

35%

20%

20%

20

20%

92 V2

*92

92%

*10%

20%

21

92%

*92

*150

*92

3%

9'ft

•'

3'ft

3%

24'ft

25%

*7'ft

7%

107%

3%

107%

'

25%

9

9%
3

3%
24%:

*7%

7%

107%

107%

:

22

1.7 %

17%

14% Jan

13

17 V2 Jan

22

21

Nov

3,100

Pacific

-—"—25

23 % Jan

253a Jan

22

15%

Apr

24

V4 Nov

1,100

Pacific

Jan

36

16

22%

Apjr

34

-25%

25%
35

.

.

35;

1

20%

20%

>

2,000
..;

93

*92

*150%

9%

400

9%

*8%

-

5,100

■

: 3

3 %■'■

3%

%

23,700
21,100

24%'-

24%

24%

*7%

7%

*7%

7V2

107%

107%

107%

107%

450

2VB

5

Electric.

Gas &>

5,200

Jan

2

6V

7%

107%

107%

*2%

2%

'35%

-

35%

37

*35

*98

100

*98

16

15%

111

111

110%

16

*16

"17%

17%

i%

1%

1%

27%

27%

27'ft

16%

16%

*16

l'ft

27%

16%

*16

2'ft

2'ft

2%
26

25%
*58

100
-■

15%

80%

4%

33

.

Jan

;

2%

82%

*13%

14

13% Jan

21

74

Apr

101

Jan

151

Jaft

20

121

Apr

148'ft Nov

3% Jan

22

.

Jan

9

:

9% Jan 20
3Vt Jan
20

26% Jan

7% Jan

16

7% Jan

16

Jan

9

24%

24%

*18

18%

*47

•; 47%

*1%

;

47

29%

5%

18%

*18

47

V

47

*3%

24%:..

29%

28%

29%

5%

5%

5%

43%

21

22%

24%

24

42

42 y4

37

39%

2,440

21%

21%

21%

19%

21

2,760

*23%

24%

24

*23%

24%

6%

6%

6%

6%

6%

*6%

6%

5%

5%

5%

5%

:.C: 5%

*5%

5%

24%

24%

25%

24% ' 24%

24%

24%

40%

24%
40%

24%

41

41

41%

73

73%

73%

73%

15

15%

15%

15%

79%

80

*106%

108

41

3,500

42

6%

•:

24%

*23%

40%

40%

40%

73%

73%

73

73

14%

14%

14%

.

14%

24%
6%

2,100

5%

300

24%

25%

15,300

41

41

41%

74

74

14%

15 Va

; *23%
•

!

79%
*106%. 108

*108%

110

110

*8

8%

85

*80
'

45%

45%

V.3%

3%

*108%

8%

*8%

■

85

•;*8o,

*78

*106%

110

8%

*78%

45%

45%

44%

4%

*3%

*4

*27%

70

70

*68

21%

21

21-

21

20

109

78%

:73%

108

110
■

*108%

8%

*97% 109
4
*3%

*97%

4%

37%
*5

'

■

.

37%

37%

37%

5%

'5%

5%

••

*59

'■

4,;

60

*9%

60

;*59%

9%

9%

*3%'

109

4

3%

5%

580

9%

9%

60

160

*145

160

*145

160

*170

175

*170-

175

*170

175

4%

5'ft
*56

5%

69

25%

*8'ft

*18

8%

8

8

*152%
1%

"l%
33%
24

15%

,15%

15%

,18

18%

.4%

18%

7%

4%

19%

7

7%;

7%

*25 %

49%

*119

*24%
49%

.

123

ll'ft
76

*119

12

77%

'ft.

88'ft
98 'ft

109%

88'ft

98%
110

7%

.

26%

49%

26

15

*18

4%
18

6%
*6%
*24

49%
123

49%
*120 ■'

*8

,15%
18%
4%
18%
7

7%
26

49%
124

.

8

~I%

1%
*31

1%

18%

18%

4

17%
6%

*6%
*24%
49%
*12 0

*18

*115%

118%

*115 'ft

27%

27%

27%

118%
28

For footnotes see page




87 y2

*115

27%

319.

118%
28

5Va

31% Jan

22

Jan

16

4

28 Va Jan

26%
68

68

8

*8%

,.

88 Va

101

15%

1,500
50

24

50

15%

18%

18%
4%

4%

18%

18%

18%

7 Va

2,900

18%

4%

7%

7%

7

,

>

*6%

7'/4
.

25

'*25

26

50%

51

X50%

50%

*120

124

*120

400

Apr
Mar

23% Jan

8

25Va Jan

18

22

Dec

Apl4'

series

11%

12 Va

7,500

76 %

77V4

1,310

89%

580

102 V2

680

89 y4

88%

89%

101%

102 %

89

102%

109%

110%

110%

110%

110%

*115%

118%

*115%

113%

*115%

118%

27%

27%

27%

27%

27%

28

111

41% Jan

18

28'ft

2

74

Jan

22

49

13% Jan

14

15'/a Jan

16

Jan

78% Jan

5

Jan

7

,

109%

8% Jan

19

79% Jan

5

Jan

20

Jan

16
18

44

.3%

,

480

&

t$5

preferred
t6% preferred
t7% preferred
8 % preferred
Pub Ser El & Gas

11,300

Pullman Inc

;

pfd $5

Jan

32%

Jan

40 y2

Jan

76%

Jan

Xl4%

Jun

Dec

4% Jan

13

6

39% Jan

14

Nov

9

Jan

80

May
Apr

1%
43

22

18

Jan

110

6'ft May1'
65 :
30

Dec

107'ft Mar

Jun

-.

Oct

46

Dec

3%

Feb

65

Dec

8

5

79

Apr

3% Jan.

59

,

9V4Jan

4

70

102

5% Jan

'!

9% Jan

3

'

19%

Oct

May

~4%

Sep

38%

7%

18

Oct

6'ft

Apr
4% July

56%

NOV

Jan

26 'ft

21

60

May

15'ft

18

Jan

.

Jan

68

Dec

Jan

10% Nov

Apr

170

Jan

9

170

Jan

9

165

Feb

165

Feb

175

Jan

21

175

Jan

21

165

May

175

Feb

/4

Jan

4% Jan

18

4% Jan

4.

13

59% Jan

5

'5% Jan

3%
4

15

5'ft

May

,

Jan

6%

Dec

Jan

Jan

18

47'ft

Apr k

62

Oct

26% Jan

21

20

Jun

33%

Jan

Jan

16

58

Jun

70

Feb

15

60

1

69

o

8% Jan

150% Jan

4

150% Jan

4

1% Jan

8

2% Jan

5

7 % Jan

;

6 'ft

153

10%

Jun

July

.

153

11

22

34

Jan

Jan

20

30

Jan

14'/4 Jan

2

15% Jan

22

18

Jan

18

18 Va Jan

20

4

Jan

7

4% Jan

22

3'ft May

5

21

33

.

Jan

23

Jan

July

5

ll'ft
.

Jun

14%

15'ft

Jun

18'ft Oct
5'ft Jan

Jan

19Va Jan

18

9'ft

6% Jan

6

7% Jan

22

5%

Jun

8'ft

Jan

6% Jan

14

6% Jan

12

6 %

July

8%

Jan

29%

Jan

17% Jan

22%

Jan

Jun

Sep

Jan

15

48 y2 Jan

4

51

Jan

21

42

Feb

Jan

12

119

Jan

12

115

Feb

122

Oct

No par

11% Jan

6

12% Jan

9

Jun

,14'ft

Jan

No par
100
100
100

75% Jan

20

79% Jan

11

Mar

86%

Jan

pfd Lser of Feb 1 '29) —100

Pub Serv Corp of N J—

22

5 Va Jan

,

,5

No par

Gamble

Jan

4

,

5

16

4

preferred—No par
—1
1st preferred—5
2d preferred
50

6
15

34 V* Jan

:■

.

-No par

No par
No par

Jan

18

Jan

Si Co class B

9

84
Jan
461/a Jan

Jan

Jan

Plymouth Oil Co„:
Pond Creek Pocahontas

Dec

6

May'

■

103

110% Jan 22

Jan

66

conv

55%

4

21% Jan

24

5%

Jan

98

100
——,———,100

preferred class A—,—100
1st ser conv pr pfd
100
Pittsburgh & West Va
,—100
Pitts Young & Ash Ry 7% pfd—100
Pittston Co (The.) New
1
Class A preferred
100
Class B preferred
.,100

Procter

82

series——

preferred—

6 Vs
■

Apr

7%

Jan

'•

13

5%

76%

101%

4

68 % Jan

37

preferred

5% conv

11%

Jan

4

5

Pressed Steel Car Co Inc

75%

27%

Jun

9

19

Postal Teleg Inc

124

Jan

5% Jan

6,500
100

19'ft

Feb

29%

6% Jan

4,100

6,900

4

51%

4

6,000

,

11%
•

25

Apr

12

Poor

7 v4

25

50%

18

;

7%

5'/a Jan

5% %

80

33

15%

18

Jan

Oct
Dec

Jun

May

.

36

18

5%

510

"l%

1%

18

Jan

30

15% Mar

6% Jan

Pittsburgh Forgings Co
——,1
Pitts Ft Way & Chic Ry Co—100
7% preferred—
—100
Pitts Screw & Bolt——ft—No par
Pittsburgh Steel Co—
—No par
7% preferred class B—,—,—100

20

33

Dec

2%

—No par

$5 conv

80

*22

Jan

47%

Jan

%

22% Jan

Pittsburgh Coal of Pa,,———100
6% preferred—
,—100
Pitts Coke & Iron Corp——No par

500

Nov

23 %

44% Jan

4

900

8%

Feb

25%

22

24

,——No par

America———5

Brewing Co

Aug

108 Vs

Jan

22

8

4,200,

.

6

Jan

15

May
May /

18%

,

Jan

Jan

*60
.

2

Sep
Jan

16% July
36
Apr

JarTIi

19 % Jan

37

Jan

*152%

"i%

6

Jan

,

26%

68%

6

5 Va Jan

18

300

4%

26

124

•:

60

26%

15

70

500

51/8

*58 V2

6%

6%

76%

100

.-

18%

18
:

.12

110

15

Jan

102

2,200

! 9%

4%

4%

75%

87%

5%

15%

11%

99 '/a

21

Jan

2

.,———100

.

64

4%

60

15 y8

76%

109%

4%,

33%

76

89%

.

*9

24

77%
98%

47Va Jan

Preferred

160

*31

15%

5%

180

*22

11%

110

9

46% Jan

.

4
2

'

Jun

11

12

1,000

4%

*145

22

32 ;

18% Jan

Pillsbury Flour Mills——
ft—,25.
Pitts C C & St Louis Ry Cq—100

10

39%.

*173

23

11%

88

300

*4%

9%
160

13

Nov

44

1% Apr
1% Jan

8

Jan

104

i.soo

:

109 -':

175

33%

12%

98

4

19%

*59%

60

1% Jan

13

Phillips Jones Corp
——No par
1% preferred—,,100
Phillips Petroleum—No par
Pncenix Hosiery——.—5

200
7,300

37%
■:

4V4 Jan. 15
38

18% Jan

4%%

300

;

78

4

■

6

14% Jan

Preferred 4V* %

451ft

4

*98%

5 %

23

11%

109'ft

•

,

Dec

—No pgr
——————3 '
Philip Morris & Co Ltd
10

900

8 y4

19%

37%

*152%

76

,

26

*67%

.

8%

*152%

*30%

18'ft

7 Vs

*58%

25%

1

*7

5%

61

67%

*23

18 'ft

'

4%

5%

.*5
*58

25%

24

■

i'

67%

34%

4%

4%

4%

25%

"l%

4%

175

68

1%

15'ft

*145

25%

*23

,

*9

9%
160

.175

68

*30%

1%
24

*8%

60

*145

26

*8%

35

24

1

5%
62

4

*5%

82

Philco. Corp.

82

*68

109

*171

.

4%

18%

1%
*31

,

5%
*58

.*152'ft

-

4%

4

*36%

60

68%

25%

8%
—

60

*68

.

5%,

•

60

:

69

*152%

4%

5

,

60

*25%

,

5

:

78

3%
•

5%

*5.9 %

9%

*145

*4%

*5

56% May

25

$6

150

110%"

*8

.■•20%:

*98%

3%
37.

*35%

82 V4 Jan

2

'

36%

11

Phelphs-Dodge Corp————— 25
tPhiladelphia Co 6V« preferred—50

4,400

■;

79

44%

*3%

*98%

Oct
Dec

Jan

80

6

Petroleum Corp of

108

*79

%

20

109

110

8%
82

■'

*70

21

5%

*59

4%
75

*20%

36%
.

44

79

*106%

110

8%
*79

*68

*

20%

'

4"

-

44%

*3,%

75

79%
103

*109%

8%
85

*78%
44'

45%

*78

*106%

110

*8%

;

82

15

,14%

79

*106%

1

70

*65%

80
108

29%
60

13 y4 Jan

Pfeiffer

'

*78 %

Jan

Apr

23% Jan

Pet Milk Co—

100

6%

; *5%

25

*72

.

13%
44

Ry Co—^.,100
Pepsi-Cola Co
——.1
Pere Marquette Ry Co————100
5% prior preferred—-—,—,100
5% preferred—
,——100

23,300

5%;"

1%

2% Jan

tPeoria & Eastern

31%

Jan
Dec

,17'ft Mar

,

58 V2 Jan

—

Peoples G L 6i C C (Chic)———100

2 'ft

29'ft

;

.26% Jan

Peoples Drug Stores Inc———ft—5
700

Oct
Jan

5

Corp—,—.—No par

Penn G1 Sand

17

13% Aug
ft Mar

5% preferred——————100
Pennsylvania RR—
———50

300

21%

*5%

'14%' Oct

Oct

12

4

27,500

'

5%

Apr

6

41%
,

Jan

19%

3% Jan
1% Jan

2%

5%

l'/a

5

33% Jan

47

31

5%

5%:

21

16% Jan

$7 conv pref ser A———No par

18%
'

1% Jan
29 V4 Jan

Penn

14%

*1%

:

■

31

29%
:

6%
■■

47

'■2%

1%

"5%

*6%
*5%

*

123%

7

Penn-Dixie Cement—-——-No par

24%

*18

47%

47

47

.

28%
42

*24

47

29%

44%,

18%

*18

17'ft

Apr

7

400

*106%

24%

Apr

2

800

Coal St

11%

•

Oct
Nov

100'ft

2

22

116

Dec
Dec

101

Mar

17 V2 Jan

1,100
:

2%
38

12

—No par
Coke Corp——-—10
Co

106 Va

Jan

Jan

1% Jan
23

Enterprises———10

Ford—————No par

Penney (J C)

16% Jan

90

22

Oct

Dec

8%

Sep

5

'

1%
37

14%

.

24%

24%

18%

' 1%

*36%.

&

Jan

Oct

3

27

,

1
Jan
20% Apr

Jan

;

4

*3%'
:.

14%

*13%

;

2%

22%

"

4

•1%.

2,500

'

■■

*1%

42%

81

*106%
24%

2%

22

81

Penick

100

,

Jan

Nov

'57% Jan

Parmelee Transportation—No par
Patino Mines &

500

37%'

37

37%

*18

47

42%

1,200
8,400

58 %

81%

1%

■

14%

24%

18%.:

1%
26'/a

58%

4

4

*13%

1%

25%

2

80%

16

^^——2.50

26%,

*58%

1%

•

—No par

Parker Rust Proof Co—,

400

59

25%

80%

1%

1%

2

2

*106%

22

Jan

Parke Davis & Co——,

*36

14

21%

lVa Jan
27% Jan

109

Park Utah Consol Mines——-1

*1%

:

37%

<2%

22

3,200

*1%

6

17% Jan

3,300

2%

'5%

■

1

1%

29%

:

6

:

-

16%'

*1%

2%

29%

*18

24%

11

28%

80%

1%

25

12

Jan

16 y4

*57%

,

*106%

,24'ft

15% Jan

——1

28

58%

>

22

16

81%

14

Jan

101

4

100

9

Jan

11% Apr
6^a Dec

6

2

.—100

Inc

109

2% Jan

28

25

37%

Tilford

2

37% Jan

1%

2

4

14

*13%

&

105% Jan

4

Jan

1%

4

2% Jan

19

1V4 Mar
5 Va

14

23% Jan

2

16

59

3%

Park

' Oct

15

Jan

12

27%

24%

1%

•

Nov

,

Jan

Jan

1%

81

38

100

17%1

preferred

1st

Jan

93

35% Jan

16%

58%'

*106%

*106%

2

1%

1%
38

6%

Oct

21

3 Va Jan

—100

Paramount Pictures Inc—-

2,000

Apr

16

Jan

1

preferred

conv

Oct

9%

•

Jan

Inc————No par

27%

♦16

25%

4V's

4%

1%
39%

2

4%

Cos

1%

16%

24%

: 17%

17%

20

18,300

112%

112

Paraffine

Oct

,25%

148

5
Pipe JLine Co-100

Panhandle Prod & EeL

6%

Apr

19

& Transp——

Panhandle East'n

Apr

4'ft
16

92

-

27%

1%
27%

25%

81%

4'ft

.*1%.
*38

1%

27%

*16

16%

.

16

15%.

•

Pan-Amer Petrol

200

100

111%

in.

100.

36

15%

15%
111

*16

17%

*16

59

25%
*58

59

80%

'•

15%
110%

36

100

*98

100

Va

37

*35%

j

nir

■

*98

2

2 '/a

2

2%
37

*35%

110%

...

107%

2

100

15%

111'ft

7%'

107%

37

16

15%
111%

*7%

2%

2%

.

*35

100

*98

2%

*2»ft

-

Mar

7

Pacific Western Oil Corp
—10
Packard Motor Car———No par
Pan American Airways Corp— -5

•

3
24%

Co—

.-No par
--No par
—100
.-100
Pacific Tin Consol'd Corp—
1

70

.3 y2

3%

Coast

preferred-,

Ltg: Corp—
Pacific Mills——---.
Pacific Telep & Teleg
6% preferred
—

20

152%

•■3%

152

*9

13

"'*10%
.

'■'

'

7%

Jan

15

21

35

/•

8%

8% Jan

3%

9 y4

Dec

7% Jan

35

24%

57%

26% Jan

13

*150%

3%

■

23%

Apr

5

20%

3

*7 3'

43%

Mar

5

93

23%

2

48

6% Jan

93

9

9'ft

*9

9%

3'ft
25

Jan

Sep
Dec

Jun

23 % Jan

25 y4

3%

58

27%

:

Apr

42

—10

8

7%

25%

151

12

143%

Mar

xl6%

-No par
2d preferred—.—No par
Pacific Finance Corp (Cal)——10

20%

3%

22

1st

92%,

150

19

Jan

Dec

Pacific

20%

3%

Jan

46

'Junr

132

5

29

22

4 Va

17%

2%

Pacific Amer Fisheries Inc—

20%

150

v

15.

Jan

54% Jan

-12.50

Co...

Jan

28% Jan
46

Jan

Apr

11% Mar

11

1,000

35

3%

Glass

142

Jan

■

15

79

Jan

1,040
2,720

34%
*92

142

Dec

2.% Jan :

.59

1,930

25%
/

17% Jan

Dec

6'ft Jan

7%

25%
■

3% Jan
15% Jan

■

12'ft
30 %

17%

■

*10%

13

par

22

Apr
Jan'

6%
17
1

26 y2

35%

150

3%

3%

15%

Jan

4
22

5% Jan 21

26

25

.

X35%

151

*150

151

3'ft

25

25%
16

69

.

7%
26%

7

25

;

12% Jan
35 y8 Jan

,

;

6% preferred—^--^-—100
Outboard Maripe & Mfg—5
Outlet Co—--N0 par

200

46

•

7%

8

*8

8
•

20

i

29%

48

6

-——-—No par

ptis Elevator,

29

% Jan

.3% Jan

80% Jan
4% Jan

Oppenheim Collins——No

29

'

8

*6'ft

400

2,600

*46

54%

55

.4%

143%

*142%

-*29

730

17%

,

17%'

*142%, 143 y2

-

29

54%

4%

17%

-

80%,

.79%

*4%

4%
17

142

143%
,

*46

,

,

17

17%.

"142

147

*141

145

.

17

78%

77

76

29

par

.Omnibus Corp .(The)——.——6
8 % preferred A———100

'

73

——No par

-

Oliver Farm Equip—-——No

7,300

5%',

Ohio Oil Co

24% Jan
119

4

126

62

Oct

2
4

18

26% Jan

2

Jan

9

73 'ft Mar

x99%

Jan

102% Jan

22

79% Mar

111

Jan

112

Jan

11

99

Mar

123

Jan

111 % Mar

85% Jan
96% Jan
109 Vs Jan

116

28

Jan

18

90

No par
No par

9'ft

52%

20% July

28%

Oct
Nov

■

IIWl

{

THE COMMERCIAL &

Number 4145

157

Volume

I

per

t per

share

Jan. 20

Jan. 19

11%

11%

11%

11%

*104%

1051%

11%

113%

117a

105%

♦104 7a

117a

1057a

105%

*104 7a

11%

Par

Shares

t per share

ll3/4

Oil

Pure

16,800

117a

93%

94

94 7a

9474

14%

14%

14%

14 7a

14%

6%

9474

94

94%

1,500

5%

1474

147a

14%

147b

2,500

Purity Bakeries

12

11%

11%

11%

117a

*11%

1174

113/4

12

12

1,000

5%

57a

57a

57a

57a

1.943

••w.,

t per share

6

53,300

Range for

Lots

I per share

Jan

14

117a Jan

105

Year

Previous
1942

Lowest

Highest

U

Quaker State Oil Ref Corp

106

for

100-Share

100
—100

300

94

12

14

7a

of

No par

(The)

94 74

105

*93

Basis
Lowest

14%

105

105

94

14%

I ver share

117a

Range
On

EXCHANGE

the Week

Jan. 22

YORK STOCK

NEW

Sales for

Friday

Jan.21

I per share

f per share

share

*104 %

*93%

Thursday1

Tuesday

Jan.18

Jan. 1(5

317

STOCKS

HIGH SALE PRICES
Wednesday

LOW AND
Monday

Saturday

FINANCIAL CHRONICLE

I per share
7

Highest
t per share

Apr

Dec

117a

9072 May

22

106%

Dec

Jun

923/8

Dec

22

978 Mar

14%

Nov

22

8%. Mar

1074

Oct

Jan

20

106% Jan

6

92% Jail

2

943/, Jan

22

No par

133/b Jan

2

14% Jan

10

preferred
preferred—

conv

10% Jan

4

12

Jan

6

Jan

8

2% Mar

62% Jan

14

46% Mar

59 3/a

Dec

88

Apr

90

Dec

2

Apr

3%

Dec
Dec

80%

Q
>11

R
5%

5%

61%

61%

~3%

3%

~37a
56

♦547a

577a-

217a

*217a

21%

12

12

27

27%

*53%

55%

*54%

55%

21%

21%

21%

21%

21%

/

3%

12

12%

12%

1174

1274

27%

12

*27%

27%

27%

27 7a

277a

'

1

15%

15%

15%

153/e

15%

15%

27%

27%

*26%

28

267a

*23%

23%

*23%

237a

3%

*68%
*20

21%.

*6

%

20

20 Va

*6

14%

*14%

12%

12%

127a

*73%

*74

45

.

15 Va

96%

:

76

867a
68%

3%

*13%
737a

73%

4%

75%

76

67a

67a

67a

*68 7a

6878

8%

8%

8 3/8

83%

827a

827a

83%

7

774

67a

6%

28%

37

277a

37

37

8%

8%

37

8

8

•

7

7

27 y8

"

37

8%

37

5,300

8%

210

310

1,400

8%

">-■

84

460

7%

7%

774

12,300

27%

X27%

277a

11,300

37%

.

*34%"

37%

.

*35

77b

♦73/4

77a

8

*9 7a

8

9%

:

"

69 Va

84

83%
::

277a

27%

7

*683/a

73/4

77a'
9 74

..

9%

*8%

>

.

37*

27%

"

•

20
"400

8874

88

69%

19,900

93/8

9%

97a

'..*9%

8

157/a

Nov

287a

Nov

22% Jan

22

23 % Jan

3 Va Jan
•

27% Jan

14

66% Jan

8

71

21% Jan

20

25

69% Jan

4

737a Jan

42 V8 Jan

4

453/4 Jan

21

38%

27s

Jun

15

13%

Sep

x94%

Jun

70

Dec

x55

95% Jan

6

96

7a Jan

9

73% Jan

4

76

Jan

19

7

55/s Jan
64% Jan

57a

57a

''5 5/8

22

22

22

22

213/4

213/4

1,100

Ruberoid

12%

12%

12%

1274

12%

12%

1,400

Rustless Iron & Steel Corp.,

46

44

44

297a

30

19

22
19

54

15

Jan

86 3/4

774

78% July

Jan

Dec

10072 Mar

Jun

22

Jan
Oct

129% Mar
74

May

Jan

Jan

22

6% May
75% Apr

8%

Jan

85 7*

Jan

774 Jan

19

37a Mar

57/b

287a Jan

18

36

37

Jan

7% Jan

8

Jan

9

9% Jan
Jan

87a Jan
84

Jan

Jan

Jan

6

57a Jan
20 % Jan

_1

117b Jan

46

Jan

27 7a

Jan

313/4

Nov

54

Jan

67e

Apr

67a

Apr

33/b

Jan

9

Jan

97a

Nov

67b

.

Nov

16

Jan

Feb

217a

Dec

7

May

1374

Nov

34% May

12 M2 Jan

43

No par

Oct

Apr

x20

22% Jan

No par

preferred

Dec
Nov

53b

25 % Jan

Antelope Copper Mines——
(The)

717a

5% Jan

—No par

12 74

4 %

Jan

69

7% Jan

—No par

Mfg

7

80

10

Corp__

13

Feb

49

Mar

88Vt Jan

6

85% Jan

—

Common

772

Jan

16

Republic Steel Corp—_._N0 par
6 7# conv preferred——100
6% conv prior pfd ser A
—100
Revere Copper & Brass
—No par
7 7# preferred—100
5 % %
preferred—
—100
Reynolds Metals Co
i—JVo par
5% % ' conv preferred—
100
Reynolds Spring—————
1
Reynolds (R J) Tob class B—10

$2.50 conv

Dec

100

157a Jan

10

22

Dec

Dec

2

Co

Apr

Dec

12

2

Roan

Dec

6

Jan

500

70

11

% Jan

Oil

Nov

Jan

13

with warrants

Ritter Dental

Sep

33%

39

Jan

14

Richfield

23%

May
l3/a Jan

33/8 Jan

Feb

7% May

227a

30

11% Apr
233/4 May

20

13% Jan

12%

30

15% Jan

147a Jan
267a Jan

4

*5 7a

45

263A

20

22%

*44

237a July

Jan

5%

45

Dec

28 Va Jan

14Va Jan

12%

*44

12

26 % Jan

1

22%

45

Jun

16

5%

*44

77/a

10 3/b Mar

12%
*44

12 % Jan

6% Jan

22%

46 %

Dec

11% Jan

14 V4 Jan

5%

*44

22

8

12 V2

674

Jan

5

22%

*5 7a

15%

Jan

578

57a

21% Jan

Jan

12%

5%

Jan

6

21%

'

5474

y t c——:—,——1

400
•

Jun

474 Jan

1,600

97a

347a

4

40

..

Jan

20

Rensselaer & Sara RR Co
Reo Motors

'1,000

76

67b

88

270

987a

76

Mfg Co__

Preferred

200

15%

*96%

6%

8774

873%

68 3/8

:

Reliance

58

100

1st pfd-

& Co

Remington-Rand

5,400

474

43%

(Robt)

Jan

—No par
———10

Reliable Stores Corp

75

15

98%;

*75

Reis

45

45

15%

*96%

140

4

21

——100

:

Dec

54 % Jan

-

Preferred

5

3% Jan

.—

143/a

*73 7a

43, 4 :

14%

No par
>1
6 % conv preferred
100
Raybestos Manhattan...
„No par
Rayonier Inc
__1
$3 preferred
—.-..—25
Reading Company—
i—50
4 % 1st preferred
50
4% 2d preferred
-50
Real Silk Hosiery—
5

Jan

preferred B

100

12 74

12

45%

■7

V4

59

Radio-Keith-Orpheum

40

6 74

*133/4

12%

45%

.

*6

1474

12

75%

/

500

1,000

3 7a

20

83

8%

*3

'20

43/4

*86 7a

*

223%

223/4

3 74

674

7

27%

8

23%

"

83

8%
83

9%

300

98%

69

8

1,500

15

147a

63A

67a

86%

9%

15 7a
28 74

*96 Va.

76

687a

28

*35

:

987a

86%

6%

6%

27%

4%

47a

68%

83

15

*27

45%'

87

8%

8%

82%

15%
28%

23

147a

*1378

1,200

*27

20

73%

86

67%

600

*6

45%

67%

*84%

28 %

20

73%

157a

678

28%

'

20

*6

75

47a

7574

28%

6%

20

V

447a

;

.

1474

6%

6%

6%

5,000

12

*96 7a

75%

76

*75%

12 3/8

■

71

12

15%

*96%

12%

71

12 3%

98%

15

15%

96%

12%

71

147a

44%

47a

*4%

4%

4%

45

2174

*70

'*

*74

75

45

75

*44

213/4

"

12 7a

*14

157a

12%

2134

*273%

71

674

*14%

21 Va¬

3%

*70

674

22
-

58

2378

*3

200

58

15

*23%

71

;

3,900

47a Jan

.—No par

Corp of Amer

$3.50 conv 1st preferred—No par
$5

37a

374

Radio

2,600

100

58

f

'

*20%

6%

6%

*56

267a

3 74

3%
71

70

~3%

37a

157a

15

237a

♦237a

37a

3%
70

70

61 3/4

617a
*85

il %

267a

267a

3%

"3 7a

*374
56

61%

617a

1%

3%;

57a

6

*85

*85

*85

*85

*85

57a

61%

61

62

61

62%

62

53/4

477a

Nov

347/b

Jan

S
■

i3o

297a

297a

29 7a

£

*74

iff

A'

A

*%

it

*%

*%

ii

*%"

293/4

29%

29%

29%

%

/a

35%

*4%

5

*4

5

*4

*7%

87a

*77a

9

*7%

35%

3574

357a

3574

108%

108%

108 7a

1087a

10%

10%

1074

11%

3674
108

10%

10%

21%

21%

21%

217a

203/4

217a

21

66 »/a

97

97%

97%

97

9774

*97

*108

*112%

10874

*106

.*■

%

'

17%

A

177a

11

8,700

2174

21%
*97

5,200
900

98

39%
U43/4

108%

*1073/4

108 Va

"20

A

7a

7,400

39

1

iA

17

i'ti

1775,

V

13/8

17a

17a

3,500

177b

173/b

17%

2,900

,

1774

tSeaboard Air Line4-2 7#

—1Q0

2%

2%

2%

*2%

27a

*274

2%

23/8

2'%

27a

60%

60%

60%

597a

60%

597a

603/a

60

607a

607a

60%

8,000

10%

11

10%

107a

10 74

10%

10 7a

10%

10%

11

6,900

10

10

93%

93%

*9%

93/4

10

10

10

10

800

*58

59

587a

240

*58%

58 %

58%

59%

67%

6%

*31%
17%
2%
17%

*1%

x66 %

66%

6%

6%

6%

i7%:

*29%
112

33%

*32 74

33 %

177a

173/4

175/8

177a

6,600

27a

'27a

2%

2%

17%

167a

lVa

'

*24

2574

2%
17

7a

297a

28%

29

29

967a

95

95

*95

*112

*112

113

*19 7a

19 5%

700

Smith (A O)

153/4

15 5/8

157a

700

Smith & Cor Type v

17 '

17

17

17

17

17

11

1074

11

10%

11

10%

11

10%

11

21%

22%

107a

107a

27a

♦27a

27s

27a

2%

167a

*16%

16%

167a

1678

21%

21%

22%

X213/4

.

21%

*133%

138

*133%

136

*133%

103/4

27a
167a

17

2% :
17

y.

22

22
*135

10

7

22%

22%

22%

217a

217a

22

213/4

11%

11%

117a

11%

11%

11%

11%

11%

117a

11%

11%

17

16%

17

16%

167a

16%

16%

16 74

167a

16 Va

17

16%

17

16%

16%

37

36%

3674

36

*42%

46

3%

37a

3%

3%
2%

2%

27a

34%

34%

*34%

3574

*23%

24%

2%.

*24

•

*43

46

24%

21%

167a

157a

36%

15%

16

16%

16%

367a

357a

36

36

36%

46

27a
2%

3

■

24%

24%

233/a

233/8

23 %■

23%

;

2774

273/4

2774

28%

28 Va

287s

10,700

33%

33%

33%

33%

34

35V4

1,500

597s

*58

*58

59%

597a

*58

597a

3%

3%

37a

33/a

40%

40%

41%

393%

49 %

3474

34%

351/4

*110%

112

49%

49 7a

*48%

4%

347a

34%

3%

3 Va

3%

6,500

40%

393/4

40%

1,250

35

35%

♦1107s

112

*48 7a

49 7a

49%

5

"5

4%

1047a

49%

49%

35 y«

1,500

112
300

49%

_5

4%

~5 Va

51,500

104

104%

104%

600

%

2,400

2 7a

5,400

47a

114

Jan

Oct

Apr

39

Dec

4

109 %

Aug

116

Jan

109% Jan

9

106%

Jan

11374

Dec

3/a Jan

22

%

Jun

17b Jan

22

7a

Dec

17a

Sep

17% Jan

21

10%

Apr

177a

Dec

2 7a Jan

15

l3/4

Dec

:

10

7
4

4

4%
54%

Apr

20
7

X66 72 Jan

18

Jan

8

6V1 Jan

12

4% Mar

4

33 74 Jan

19

14

187a Jan

4

30% May
10% Apr

Jan

22

173/b Jan

22

3

*

%
274

9 74

10%

%

A

%

%

%

27s

13/b

1%

174

1%

%
2

1074

*97/a

97b

Iff

174

2 7a

10%

*9%

97b

9

A"

10 Ti¬

1074

A
2
*10

1074

200

12 Va

4,500

*117a

11%

11%

12

1174

11%

117b

11%

ll 7b

127a

117b

2934

29 7a

29%

2974

2974

297a

287b

29%

28%

29 74

297a

293/b

18,600

28 7a

2 8 3/4

28%

287b

2874

287a

287b

28%

287a

28 Tb

2874

2874

7,900

2%

47

47%

*3874

26

62%

46%

47

46%

47 3/4

38%

..

,

387b

*25

-39

*38 7b

39

387b

39

26

2574

25 74

25%

25%

62%

62 7a

62%

61 %

61%

*25

62%

62%

47

47 *2

•

467b

47%

39

39

*2574
61

26%
61

4774

4774

39

39 Vt

*25%
61

18,900
>

1,100

61

178 Jan

%

Apr

25Vi Jan

14

20 3/a

Aug

27

28% Jan 11

3074 Jan

22

197a

Apr

3074

77

111
19
15%
16 Va
10 Va

(The)

65

Apr

100

Jan

Jan
6
Jan 19
Jan " 2

11

108

July

113 74

Dec

15% July

207b

Jan

157a

Nov

Jan

20 V2 Jan

2

11

—

6

7a Mar

1074

Dec

17a Mar

27b

Jun

Jan

Jan

14

14

Apr

157b

18

1774

Jun

2674

Jan

21

1227a

Nov

1447b

Jan

22 V2 Jan

12

14%

Apr

217a

Nov

17

135

117a Jan

18

Jan

16

17

12

343A

Jan

37a Jan

11

174

Apr

2 3/4 Jan

4

15

1% Nov
Dec

59

July

17%

Apr

24

Nov

Dec

3174

22

21%

35 7t Jan

22

30

Sep

37

Mar

Jan

11

49

Mar

60

Jan

58

37a Jan

18

27a

Sep

47b

Jan

413/b Jan

18

293/4

Sep

4572

Jan

27%

Jun

38.7a

Jan

36

Jan

2

110

Jan

9

497a Jan

5

108

Dec

4072
23/4

77b

7%

77b

77b

8 7a

8

8

8 7a

8%

874

8%

10,700

47a

4%

4%

4%

4%

47a

4%

4%

4%

47b

45/a

4%

3,000

6%

674

6%

674

6Va

674

6%

6 7a

6 7a

674

6V1

6%

6 74

6 3/4

6%

6 3/b

6

674

6

6 7a

674

674

674

674

49%

497/a
1267a

*124

4%

4%

14%

50
•

1472

50

50

50 74

50

124

124

*124

126 7a

*125

4 7a

4

14%

4 78

1474

14%

51

1267a

474

*14
*

50 74

*125
4 74

47a

147a

474

4 7»

14%

50

126%

147b

1474

5074
*125

474
14

52

4,900

14,000

Jan

13
11

107a Jan

9

1274 Jan

9

6

22

s'a

Sep

3/4

Apr

27a

Oct

5 7a May

117a

Jan

Apr

1374

Jan

474

20,100
2,100

1%

17b

1%

174

17/a

1%

P/4

17b

17b

l3b

17b

3,100

15%

157a

15%

147a

1474

14%

16%

16%

173/8

1674

17 7b

5,200

27 74

2774

27%

27%

2774

277'a

*26%

28

27%

277b

*267a

277a

*474

5

*47a

5

*474

2374

24

2374

23%

5

23%

For footnotes

*4 7a.

23%
see

23%

page




*4 7a

5

319.

5

23%

24

23 3

•

4

2374

5

2474

:

900
•

——

5,100

293/4 Jan

18

Mar

29 74

Dec

29 7a Jan

5

20

Apr

29

Dec

477a Jan

19

3072

Apr

47

Dec

3974 Jan

22

2574

Nov

25

8
12
2
4
Jan
2

257a Jan

20

61
Jan
7
7% Jan 12
474 Jan 2

63% Jan

4

8% Jan

22

47/a Jan

9

6% Jan

11

___No par

—10
5

1

Webster

—No par

Studebaker Corp (The)—
Class

1474

283/a Jan
28 Va Jan
46 % Jan
37 Va Jan

Corp

&

Co—i
pfd (4% 7# cum)

A

Sunshine Mining Co——

1
No par

100
.100

Co (The)——No par
Superior Oil Corp
1
Superior Steel Corp
100
Sutherland Paper Co
10
Sweets Co of Amer (The)
12 Va
Superheater

Swift & Co_

Oct

25
25
25

Stokely Bros & Co Inc

Sun Oil

1%

7a

Standard Oil of Ohio—

10

126%

1574
*4

Standard Oil of New Jersey

Stone

%

No par

Oil of Calif

Standard Oil of Indiana—

3,000

-

Feb

Jan
Jan

Jan

7s Jan

Stewart-Warner

113
5

2% Jan

iJrug Inc:

'774

497a

110

4
5
5

L S

•

Apr

2

(The)

114

89 74 May

8

20

Co

Apr

1097a Aug
5 Va Jan

Sterling

Jan

287/a Jan

1047a Jan

.

Feb

31

7
,

37a

20
20

2

Jan
Jan
Jan

Aug

2474 Jan

——

Jan

Oct

3

357a Jan

4% Jan

,£
1%
9
10 %

507a Mar

16
22

1007a Jan

—No par

Feb

39

Jan

—No par

—

Jan
Nov

187a

Jan

——No par

preferred—
No par
$6 cum prior preferred——No par
$7 cum prior preferred
No par

12 %

187a

46

Brands

$4

Apr

37

1774 Jan

Jan

Jun

974
10

preferred

Standard Gas & El Co

Feb

15

13

12% May
233/4 Jun

27s Jan
6
2% Jan 6
33
Jan
4
23
Jan
6
24% Jan
2
32% Jan 18
57
Jan
9
.3
Jan
2
35 % Jan
7
33
Jan
6
110
Jan
9
49% Jan
5

17

Jan

2
9

42 Va Jan

.

Apr

2278 Jan

20% Jan
2
132
Jan 15

157b Jan
35 % Jan*

No par

9

13% May

23/4 Jan

7

——2
preferred™—No par
Square D Co_
1
5 7# conv preferred
-——100
Squibb (E R) & Sons
—No par
$5 pref series A
No par

16

2

13

Inc„

22

177a Jan

Jan

107b Jan

Conv $4.50

4

15% Jan

4

15% Jan

1
No par

Oct

15

Jan

7.50

——

Spicer Mfg Co__
$3 conv preferred A

Dec
Nov

Jan

2

Spencer Kellogg & Sons——No par

17'a

99

167a Jan 11

25

•

Dec

113

21% Jan

Edison__

■

17

2

Jan

2% Jan

15

Southern Ry
--No par
7 5 7# preferred—4—100

1,300

•

Jan

2

—„1

Natural Gas Co—

Starrett

Dec

47a

4

4

Nov

Aug

187b

Jan

11% May

Dec
Nov

7 7a

35

1% Jan
21

No par

Southern

200

26%

Jun

66
1

Nov

Jan

95/b

5
2

_15

Southern Pacific Co.——

Standard

627a

Apr

Jan
Jan

"

A
74

33/a Mar

43% May

~

*

2

Feb

2% Jan

—100

California

Standard

Dec

25%

16 Va Jan

—No par v

preferred

$4.50

4

5

Greyhound Lines———_5

Sperry Corp

Jan
Jan

Jan
177a Jan

—No par

Southern

Spiegel

Jan

98

4

-

*113

104

104%

35%
*110 Va

112

*113

104

104

104

104

3%

393%

35%

*1107a

49%

597a 7

3%

*39

112

./

600

393/4

3%

37a
40

*58

59%

♦113

47a

5

47a

5

104

*103

*48 Va

*58

*113

*113

*113

343/4

*11078

112

130

39

Jan

Apr

May

974 Jan

8%
643/4
53/b
31%

Mobile & Ohio stk tr ctfs—100

••

78

Dec

Sparks Withington—
±.-Na par
Spear & Co—;
——————1
$5.50 preferred—
No par

1,300

23/4

35%

18

197a
217a

60

200

337a

*33

35%

23/4
35 Va

2%
38

8 7#

977a Jan

Dec

Dec

5,600

3 Va

3

24

3274

*110

27a
*35%

j

6,500

.

28 7a

28%

32%
'

3%

274
357a

10,900

167a

36"%' !
46
%

46

45

*2 7a

16V4
36%;

277a

277a

33

3%

3

:

3,300
32,700

24

28

39

45

3

357a

2%

27%

*58

46

27a

35

35

*44

7a

*32%

.

3,500

11%

16%

■

2174 Jan

123/4

52

——No par
—
10
t c__—No par

So Porto Rico Sugar.
f.

x97a

15

19

10

South Am Gold & Platinum

1,800

137

19

59% Jan

No par

Packing Corp

S'eastern

Jan

117b Jan

Nov

Socony Vacuum Oil Co Inc—;

6,600
700

22%

213%

Snider

28,400

17

135

135

,W:

274

22

*21%

138

•: %

22

*42%

preferred—.
Corp—

19%

1,000

110

1174

—

15%

17

Jun

104

107a

—

19

17

167a

Petroleum

153/4

17

17%

$6

18

No par

—

19%

17

2%

10

113

*112

113

-

19%

17%

19

*15%

108% Jan

Sep

Jan

—No par
—15

Pen Co

*15 7a

17%

2%

*112

113

(W A)

157a

15%

Jan

Apr

Sloss Sheffield Steel & Iron—100

90

44

4%

No par

Skelly Oil Co—

2,400

97

*93

97

Apr

29%

8

No par
No par

Simonds Saw & Steel—

303/4

30%

303/a

5

4

54

(Frank G)

Union Oil

Simms

Sep

36% Jan

7-%

18

Silver King Coalition Mines—

.

10

Jan

—No par

_

1974

197a

15%

/

1 Va

Jan

61% Jan

Simmons Co_

255/a

2974

19%

21'/8

*l3/a

*237a

967a

113

*112

138

1%
257a

99

99

15%

*21%

*1%
*23 7a

297a

*29%

17%

1%
25%

'Jan

5

■11% Jan

5,900

1774

2

22

8
12

5,200

3

2%

177a

■

*1%

257a

19%

♦132

17

*23%

1%

1%
*23

2%
17

Shell

21

8 7a Jan

13

9

pref ser A—

conv

Sheaffer

50

17%

15%

*17

$3.50

Shattuck

Sep

4 7a Jan

2
Jan
597a Jan

—No par

Sharpe <fc Dohme

1,100

*3274

Corp

$5 conv preferred

1,400

6%

173/4

17%

2%

"O

68

67s

33%

19%

2%

*66 7a

6%

177a

27a

112

66%

*6

67a

A Nov
17a

Jan

4

16 % Jan

——5

Corp

Sharon Steel

7,500

*32%

17%

29%

9

6674

8%
67

6

87s

173/4

2%

98

98

*66 7*

67a

58%

,

8%

3374

17%

*1%

8%

667a

6

%

874

33

17%

1%

87a

6674

.

177a

2%

26

*24

59

33

*31%

33

59

597a

874

8%

9
*67

59

Va

10% Jan

Servel Inc

0%

May
3V Jan

22

No par

Sears Roebuck & Co

11

9%

16

1 Va Jan

30

1

2%
10%

Seagrave

19

Jan

2
16

7% Jan
9
35
Jan
7
105 % Jan
7
10 Va Jan
2
19Tb Jan 12
96
Jan 15
38
Jan
9
114
Jan
4
108
Jan 20
3S2 Jan
2
7a Jan
2

No par

preferred-

607b

23/8

Jan

6

3*

Seaboard Oil Co of Del—No par

800

-

2

Jan

% Jan
4
Jan

—

100

*39 74
*112 5/b

*107%

108

17%

1

17%

*17%

450

107b

*

&

108

114%

*

11474

33

107%

98

39

10

1127a

40

1127a
108

107%

32

*16%

*

11474

*108

108%

115

7'

8%

23

28% Jan

-10

-100

Louis-San/ Francisco
preferred

100
tSt Louis Southwestern
.7
100
57# preferred
———100
Safeway Stores——_No par
57# preferred—
—100
Savage Arms Corp
5
Schenley Distillers Corp
—5
5% 7# preferred
100
Scott Paper Co
-No par
$4.50 preferred
■
No par
$4 preferred
—
No par

20

5

1

Joseph Lead
6 7#

1,300

21%

*97

98

5,900

36

11

2174

21%

*39

40

*113%

115

.all1
T'B

*39

39%

*39

40

*39

♦113%

107a

1%

36

1077a

107a

107a

1,400

tSt

8%

353/4

1077a

108

,

74

:

35%

35%

35%
*107

St

*45/8

4%
'9

*8 7s

7

4,200

;

n

4%

9

■

1S6

%

f'

78

5

8%

108

..

7/a

4

4

*7%

,

30

25

5% Jan
578 Jan
48% Jan
124
Jan
37b Jan

127/a
1%
143/8
26%

2
6
6
9
2

6% Jan
Jan

22

127

347b
62

Jan
Dec

Jan

8 7a

Nov

37a Mar

47a

Jan

6 3/4

Nov

57a
4

Apr

33/b

Jan

43

Apr

1163/a

Apr

674 Nov

557b
128

Jan
Dec

Jan

4
21

3 3/b May

5%

14% Jan

16

11 Va May

157a

Jan

l7/a Jan

16

1

Apr

17a

Jan

177a Jan

21

9

% May

1674

277a Jan

21

Jan

.

Dec

2

247a Jan

22

Feb

267a

Dec

3 7a May

4

—

22% Jan

40

Dec

Apr

47/8 Jan

Jan
2
Jan
2
Jan 20
Jan

14

52

Apr

227b
42

4 3/4

Aug

17%
20

Sep

25

Jan

23%

*5 3

*5%

36

9%

7

42%

3%

1

24%

24%

24%

24%

24%

A 7,600

Sylvania

4%

4%

4%

i 5,800

Symington-Gould

7'

*5%

.

*

3%

3%

9%

9%

9%

9%

9%

42%

42%

42%

42%

42%

42 y4

42 Va

42%

42%

3%
*'

3%

3%

3%

3%

37%

*37 Vb

37%

37%

37%

8%

8%

8%
7%

8%

9

7%

37%

37 Vb

37 f

3 Vb

*2%

3%
4%

4%

34%

.

34%

*34%

3%

3%

.3%
9%

18%

18%
*6%

*36

38%

%

*2%

3 Vb

34%

*34%

34%

1%

900

96

96

96

96

96

96%

28%

28%

29 %

29

29 Va

2,100

41

42%

43 %

42%

43 Va

2,800

6%

6%

6%

96

28 %

29'A

43%

42%

43 'A

41%

42 a

40%

16 V*

16

<6%
16%

16%

16%

13%

13

13

13%

13%

6%
16%

13%

13%

'

2

,

2

72

2

72

*6%

%

72%

*6%

11 Vb

13%

"

'

5%

*5
69

7

43

'•

43

69
■
.

.

.

,

.70

■>

*.7

*25%

6%

6%
11%

li'/tt

13%

13%

25%

*25%

5 Va

5%

5 Vs

Hi

13%

•

*68'%

69%

68%

7%

;

6"%

7

*6 Vis

Vi

43

43%

—

Oct

9%
42
'

Jan

Vi Dec

2

;'3% Jan

2

Apr

3%

Jan.

13

37% Jan

28

Apr

37%

Oct

5

May

8V2

Pec

\7

Apr

8 '4

Dec.

2 9

Jan

5

8

Jan

4%

200

%

,«

8

>23

Jan

Nov

6

53

Jan

13

Jan

7

4% Jan

15

—1Q

33

Jan

5

.34% Jan

12

■"'A

Jan
8%. Jan

.2
4

26% Jan

2

271s Jan

Jan

42

Jun

3

2% May

Mar

Jan

52 Vb

Dec

Apr

4%

Jan

Jan

34%

Feb

2 Vb July

3%

Sep

Juu

9%

Dec

17% July
Vi Mar

27 Va

Jan

41

2

)2%

Jan

11

Jan

4

12

16 ;

21

Nov

Jan

15%

Nov

Jun

10%

85

Mar

97

Dec

15

22

May

34 V8

Jan

31% May

43%

Jan

Jan

6%

Dec

4

2

29% Jan

405/a Jati

20

.43% Jan

16

.:«%.

Jan

12

16%
14 V«

Jan

••

1 %

8%
8

10% Jan 22
96 Va. Jan 22

28 Va Jan

;

5 V»

9

94 Va Jan
'

30

12

19 Va Jan

1 Va Jan
'9% Jan

.

:

3%

15

3.

.

6% Jan
'

4

4

7% May

Jan

11

8% Jan

1% Jan

West AirTnc—i.5 r

Fox Film

%

4% Jan
Jan
9"

:

.

•2 Vb Jan

4

% Mar

Jan

72% Jan

18

56 %

Jun

Jan

15

5%

Jun

ll'/H Jan

21

Feb

11 Vb

II % Jan

69 "

par

6

par \

Feb

7 Vb

15% Jan

par

Va Jan

r

Jan

III

JTruscon SteeVCok_22—i222'-i22_2l0,
Cen

Oct

9 %

Sep
Nov

"

-—No par

Truak-Traer ,'Corp—-„-No

24%

Jan

5

34%

14

Jan

4

preferred—2-22—.2—2.'No

20th

7%

16

2% Jan

2 Tri-Continental Corp—r——_t/'

6,200

14;

18
16

19% Jan
'

52,

-} Trarisue & Williams St'1222—No

1,100

7% Jan
37% Jan

—1

Trahsamerica' Corp————_2—1_2

$6

7

12

Jan ,;5

100

par

_r

TranscohtT

Jan

35

par

Co—

Timkeir Roller Bearing-.'

;•

%

■t

6% Jan

17

No par

22

6%

11

.18%' Dec
12% Mar
Nov

2 Vb

Nov

71

Aug
Jun
Oct

12% Jan

7

14% Jan

18

7'/a

Jan

16

Jan

27

.26% Jan

-4

19 V»

Jan

26%

4% Jan

5

5 Va' Jan

11

1%

Jail

Jan

.5

70r.i Jan

7

21%

Jan

78%

Nov

6 % Jan

Corp.—No par \

11

7%, Jan

5% May

7%

Nov

*

200

$1.50 preferred—V-i-—t-^-No par
Twin 'City- Rapid Tran^——No par

2
•

25.

57

5 Vb

5'A

68%

7'/a

7Va-

Nov

4

7 % Jan

68'%

68 %

Jan

,

35

8% Jan

't$4.5Q conv preferred—2—No par
Detroit .Axle
222—
10

•

220

:

2614

*25%

5%'

5 Va

68.Va

7;

i
.

6%

"

5'/b

;

8,200

72%

11

14

600

2

1.6%

26%

Apr

36

3 Va Jan

36%

Tim ken

2,500

•

V

13'A

72%,

6%

68Va

■»

7 Vb

.

72%

30

Nov

% May

43

•

5,500

6%

16%

.;

13 %

73%

13%

J

2

*72%

25%

14 Vb

263A

5%

*5%

70

7

26'A

*25%

26%

*25%

;

*11

11%

*11

L

14%

14%

6%

6%

-161

2

11 Vs

72%

72 Va

6%

...

1%

2 Va

2

.

6%

6%

72%

6%'

14%

13%

...

2'A

.

72%

11%

*11

.

16'

*12%

6%

6%

16%

7

2,

'V'$3.50 cym-preferredNi par ;
.Tide 'Water Associated f0il_222'10 "
'

4

15

10

Thompson (J R) —t —22——>.,25
Thompson Prods Inc.A—_,-No. par
Thompson-Starrett. Co22
No par

.

1,140

28 %

9%
96

29%

Jan

Jan

5%

Apr
Va Mar

8

.' \ Third Avenue - Transit Corp..No par

5,600

4

12,900

95 V2

.6%

2

19%

10%

*18%

18%

1

8% Jan

2100

—

$3 div ,conv preferred,

100

18%

29%

13%

2

Thermoid

300

,

10'/a

95%

16 3 8

6,700

18%

29 'A

6%

4%

9%
28

10'

9%

96

16%

'

Mfg Co—2

Couv

preferred—%,-No
; The .'Fair—2—2——i%^„;—2_2JVo

90

v

10

18%

lOVa

10'A

*13%

$3.60

1,700

34%

.

*9%

2

Thatcher

Preferred

4%

*27'A

2

2

Texas & Pacific Ry Co—

10

18%

43%

-.

9

28

9

*27%

27%

4%

4%

4%

4

9%

9

27%

32

20

Dec

.

Apr

20

9

%i.

Trust—r

1,400

3

34 %

3%

4

2 i Va

Texas Pacific Land

55 v '

4%

29

.

*2%
*53

34%

4%
35

4

Jan

Nov,

25 %
5 v-t

Aug.
3% Aug

3% Jan

2

Jan

41% Jan

29 Va

15%

22

;

Jan

Produc'g Co——No par
Sulphur
,_No par
; Texas Pacific Coal As Oil_A___„^_lQ

•A 200

39

4%

95'/a

.

"

3

55

*53

22

5 Vb' Jan

2

3

,._25

-,

1,900

*

6%

*37

4%

10 %

■

*2%

3%

24% Jail

9

share

per

19(4 Mar

35

Texas Gulf

10,400

19'A

6 3'4
.

(The)i—

Highdst
S

1

19

39

*37

38%

7%

4%

18%

10 'A

7%

15

5

Corp——I—5

Previous

1942

share

30% Jan

.

_50

Texas Gulf

■'

Jan

per

_9

^

—

share

4% Jan

1

preferred——

par tic

Texas Co

4,800

.

5%

Tennessee

1,900

2,900

9

*4%

10

,

%.

55

*53

•

*18

.18%

6

3%

37%

8%

7%

18%

18%

37% '

19 %

6%

2

2

2

2
■

7%

18%

7

7%

9%

2 (3/fl

28

*27%

2

3%
*'9

9'%

*9

28

7%

7%

55

*53

4%

34'%

2

*36%

■

55

*53

4%

*8%

6%

37

•

*2%
■

19

7%

8%

8%

.

*

19

7%

7%
19%

3%

3 ■?«

37 %

3%

37%

:

.—i.

Corp

Telautograph Corp

10,600

19%

55

%

3,100

7%

*3%

40
300

4

3%

67/a

*27%

'■%

38

9%

19%

4%

3%

3%

7Va

34%

*

Eiec

falcottlnc (James)

7

*5%
*36%

9%

6 Va

*2%

7
38

3%

19 Va

*53

;

1

5%

*36%

7
36

36

36

'

.5 %

5

9%

'

23

22%

4 Va

*3'A

7

Prod's'.Inc..,„jVo par

23'A

,

$ per 5'.are

8

3,400

9%

87/b

Jan

30%

'

9

29

30%

*35 %

3 'A

:

i._

Swift International Ltd

30%

per

Year
LovVcst

Highest

S

29%.

5

y

;

Range for

of, 100-Shirc Lots

Lowest

Par

29%

*5%

■

.

37%

3%

37%

'vv exchange'

Basis

On

11)13

for

Range

stock

29 %

3%

42%

•

york

new
,

Shares

share

per

9%

37%
8%

t

share

per

*3 'A

10

42 %

S

share

for

29%

4%

36

3%

*3%

4 Vb

*35%

7

4

*35%

per

•

the Week

23

23 %

4%

4%

4%

t

per share

Sales

Jan. 22

Jan. 21

29%

29 Vb

23%

23%

t

share

per

29%

30

30

.

r

shait

per

Friday

Thursday

Jan. 20

Jan. 10

Jan.IS

10

Jan.
I

Tuesday

Monday, January 25, 1943

stocks

SALE PRICES
Wednesday

HIGH

AND

LOW

Monday

g&tnrds?

financial chronicle

&

the.commercial

7%

3,800

7%; preferred———_2-2——10Q,,
XWin Coach Co—
1%

44%

3,300

Under

Union Bag &

1,800
V

270

.

22

.

.it

Nov
'■ Nov

6

U
9Va

9%

9%

9%

79%

9

79%

42%

43%

43

79%

79%

42

43'A

79%

114

114

114

*114

110

*108

110

*108%

79%

79%

9%

80

9%

6,600

79'A

9 %

80%

8,600

*114

116

*114

116

*113%
*108

9%

9

9 Va

79%

'79

44

44

9 %

*114

116

*109

109%

116

60

110

15%

16

16%

15

Va

16%

15%

16

15%

16

83%

83%

82%

83%

82%

83 Vb

82 (4

82%

83

83

83

84

84

84

*83

84

*83

26%

26%

26%

26%

26%

26%

27%

27%

27%

28

27%

28%

16,200

*96%

97

963A

97 Va

1,200

84

110

*83

84

83%

84

26

26

25%

26'A

28 Va

28%

28%

28%

96%

96%

97

97

19%

18

18%

18

18 Va

16%

16%>

16%

16%

16 Vb

19

,

*16%

*111%

55%

55 %

55%

v

42'%
5%

6

"

.

66%

6 Vb

104'%

104%

17%

17%

3%

5%

*86%

66 VB

5%

104 %

•

103%

87%

16 %

16%

111'/a

*56

56%

56'/a

56%

20

20

7%

8

>

■'

7%
-

3%
42

24,900

$3

3%

May

16%

Dec

15

63%

Jan

85 %

Nov

79% Jan

6

84

Jan

18

74 Va

J un

81%

Feb

24 »A Jan

; 8

26% Jan

21

21 Va :Aug

25% Jan

6

28% Jan

18

23%

Jun

y36% Jan

93 % Jan

4

97% Jan

22

89

Apr

104%

Jan

17% Jan

20

20%

Dec

..

,

Jan

par

55% Jan

par

18% Jan

par

Jan

5

6

*5%

6

27%

27%

Drug Inc

United

D.vewood

% 2,400

Preferred A-—v—
United Electric .Coal

500

27%

61%

5%

5%

103Va

103%

103%

17 Vb

16%

16%

16%

16%

16%

3%

3%

3%

:r- 3%

3%

104

5'A

4%

5

5

89

*88

69

89

6

6 %

6'/a
*38

31

4%

4%

14%

17,900

103%

5

United

30%
4 V4'

4'A

2,600

14%
30

30

29%

30

*29%

30 Va

30%

30%

32

32

32%

32

%

■

•'

"

40

4%

49%

*49

-

32

15%

V:

14%

50%

49%.

22%

22%

22

22

30%

Apr

33%

Aug

»

5 v« Jan

l4_ No

...

4

6

Jan

12

28

Jan

16

63% Jan

pat■>

11

69

Jan

22

6Vb Jan

9

5r;'B Jan

Gas

105 vb. Jan

Jan

103

——

.

7/e :

31

32

32

30%

No

par

84 v2 Jan

2

Jan

19

77%. Apr

87

Feb

Freight Co——— ..No par

9VaJan

8

9 vB Jan

16

11%

Jan

Jan

21

6% May
40 Va May

64

Dec

Jan

19

175% dan

4

May

174%

Dec

53b Jan

7

Jan

15

4%

Apr

6%

Jan

Jan

12

Jan

12

34%

Jan

41

Sep

32% Jan

22

24%

Apr

34Vt

Jail

.4% Jan

22

2 Vb

Apr

22

7

Jan

Paperboard

1st. preferred

$6

i——

1

,

:

2

60

500

:

U S Gypsum Co

2,700
.

a;

88

■

U S

400

1%

-

preferred-,

5

—

,60

173 j
■

—50

40

Alcohol—.— ANo par

30

preferred—

Industrial

S

U
;

conv

420

100

——.

Hoffman: Mach Corp¬

U S

■

s'2 %

32

30%

..No

,U -S Leather Co—

Jan

,

Jan

64

r

6 'A

40

4

Jan

..

4

par

102%

103%

.4'

200

35%
'

/ 8

:

■

-

11%

Apr

2%

Sep

2Va

;

Apr

,

5

.'159

i

25%

26

49.'%
*64%

48%

26%

27%

105%

51%

50%

51%

2,700

66 %

64%-

64%

65 Va

65'A

49%

50%

49 %

507/e

114 '/a

114%

114%

26

26%

104

49%

■

105

;

115 Va

114%

114%

22 Vt

22

114%

21%

21%

22%

23

22%

44

44

%

*42%

44

500

43,800
i

44

44

8%

1st

'

22%

*42%

Rubber

S

'•3,100

50

U

15,100

104%

49%

26%
106

—

•

.

U

2,300

..No

150 5A>

151

57%

15%

*15%

15%

170

*167%

;

60%

60

150'A

150 V4

*150

*167 Va

167%

.170

%

%

,

*60%

150%
170

*167

2%'

*15%

60'/a

59%

59 Vb

59%

2%

57%

15%

*150%

60'%
—■

167%

2%

2%
*

li

*57

2%

50

60%

57%
*15

15%

-

Co—4—— i.No

30% Jan

14

35% Jan

11

5

■27% Jan

22

8

106

15

2

25% Jan
101

Jan

46

Jail

4

'

par

47% Jan

t

2

%

;

.

20

,

;

13% May

--1-

*150'A

169

*167%

8 %

20
A

170

'

26%

'

42

42'/8

*50 V«

*53%
24 3b

3%

16%'

'

26 Va

"

52

*50

-

9%

>

36%
16%

36%

16%'

36%
17 Vt

13,500

17

480

37%

17%

3,400

;

9%

9%

9%

9%

400

Van Nointan Mach Tool

26%

26%

*26%

27 Vt

200

Van

*115

117%

117'%

20

42%

42%

117

42%

*115

117

v

44 XU

107%

Jun

8

23

Jan

21

15%

Apr

42 Vb Jan

•'4

44

Jan

16

39% Mar

42%

42%

42%

52

*50

52

51

65

*55

65

24

24

24

900

,

51

*55

24

65

*55

65

24%

*23%

24%

24%

24%

.

30

Jan

22

% May
% Apr

22

34% May

60 Va

15

Jan .8

15 % Jan

14

12

15% Nov

2% Jan
1

5

45

% Jan

15
12

60% Jan

9

Jan

151

Jan

11

20

171

Jan

5

4

3%

3%

3%

3%

3%

44%

45%

44%

44%

45%

116

*21

22

21%

27%

27%

27%

30

29%

29%

*80%

83 Va

*27

29%

*116

116%

116

83 Va

*80

*131%

.

•

*131%

133

*116

4

3%

133

116:%

,116

116

116

22%

116

27'%

*27%

27%

27%

29 3 4

29%

29%

30%

30%

83 Va

83%

83 Va

83 Va

23

27%

29%
*80 V*

*131%

133

*80

*131%

23

133

131 %

133

a

4

18,900

45%

*116

23 Vt

*22%

*27%
;

45 3

46(4

23

22%

21%

100

.

24%

preferred
Chemical

100
100

„

—

_-5

Works

Va-Carolina

.1,030

27%
31

*81

92

*131%

700

1,000
.

10

Chern.

—No

par

'

1,166'

7%

7%

7%

7%

7%

7%

7%

*7%

7%

21%

21%

21'A

21%

*20%

21%

21'A

21%

20%

21%

,1,100

26%

26%

26

26%

26%

26%

27%

26%

27%

9,200

*7% :

.

div

partic preferred.,——100
.Va Ei & Pow $6 pref_
—No par
Va Iron Coal & Coke 57c pfd—100
Virginian
6%

41

May

142 .;,

147

'

5

% Jan

Oct
Oct

61

Dec
Oct

Apr
•

7

37% Jan

22

4

17% Jan

22

8% Jan

31

Jan

11

41

Jan

7

51

Jan

22

9% Jan

7

25% Jan
116

;

■%

21

Jan

%:Jan

;

152%

Dec

Apr

169

Dec

15

7%

21

43\

Jan

4

30

51

Jan

22

34%

Dec

20%

Jan

Jun

19

18

Jan

Va

Jan
Jun

14%

26% Jan
117

Jhn

.22

Mar

112%

Jan

11

Sep'

% Mar
'

26

Dec

116V» July

24

Jail

7

25

Jan

8

42

50

'May
July

55

Sep

60

Nov

25%

Jan

18% May

55

Dec

Jan

-

$1.25

preferred

117%

Dec

Jan

21%

Nov

Jan

Jan

18

46

%'Jan

21

116

Jan

15

117 % Jan

7

20% Jan

14

24'A Jan

22

14

Jan

14

27% Jan

22%

11

24

Apr

,31%

29 Vi Jan

2

31

Jan

22

26

May

2.9%

Jan

8

83% Jan

21

70

Jun

120

Mai-

27
80

No par

Oct

110% May

4

5

100
1

Vultee Aircraft Inc..

2%

40V4

4

Jan

—100.

—-——

Jan
Jan

1

2'A Jan
39

25
25

Ry Co

preferred.

Vulcan.Detinning Co..——
Preferred

133

22

7%

'6%

*

27 Va

31
.

4,200

26

7%

*21%

July

1%
1

'

46

45

20

ISO

31

4.5

•

44%

Jan

58'A Jan

6

15% Jan

par

-4_5.

Vicks Shreve & pac Ry
Victor

Jan

46%

13

;

59

^—100

1st; preferred—

Vick Chemical Co.—

5%
..800

Jan

24

Jan

167% Jan

i

2.50

Raalte Co Inc.———

.7%

Jan

119%

22

18

% Jan.

Corp of Am—No par

9%

,

Jan

55%

Jan

Apr

Jan

1% Jan

Preferred '44——.—A—,.— 100
Vanadium

Jan

May

58

•

' V

Sales—————iNo

Vadsco

27%

*9%

65

*24

;

*27

*55

*55

3%

37%

*59

24%
:

%

52

65

3%

16%

17

*115 v 117 Va
42%
42%

42 lA

*40.

36%

36%

28

*27

116

*50

51

9%

9Va

26%

116

117

*115

36%

17

*9%

9%

*9 Vb
*26

%

'

36%

17

17%

17
/

35%.

34

.%

iV

Dec

71

22

v

Mar

56'

par

preferred—————4—100

Dec

37% Apr

116

—5

Universal Pictures 1st pfd———100'

10

Dec

51%

54

22

8

—1

$6..;conv.

Universal' Leaf Tob——L.No

460

60%

*150%
*167%

Aug
'Mar

27 %

20

21% Jan
,•

1

Dec

103%

Jan

50%

30%
32%

;i

Oct
Jun

29 Va

Apr

65'A Jan

.

14%
114

Va Aug

Jan

.112

par

preferred———No par
Universal-Cyclops Steel Corp_—1

100

>

Stockyards Corp—

United Stores class A——
<*■

500

..A,
34

Feb
Dec

4% July

26% May

:

51% Jan

4,

•

.

21

Jan

13

Jan

y Jan

13

25

7%. preferred——

United

3,500
2,500

58%
15%

60

60%

2%
1

1

1

•.

58 Va

15'A

%

%

iv

%

Oct

4 Va

5%

<

May

32

"

/

%

16%
,

Jan

22

64% Jan

—4—100

—

Tobacco

S

99

21

450

rjj'S Steel Corp_44--—4
Preferred

4

Jan

;

29% Jan

10

-50

109% Jan

32 J

—100

—

Smelting. Ref it Mill—
V 'Preferred A--4—i4—,".

2,300

V

Co—.

preferred—_

U S

t

16% Jan

16

13

13% Jan
108
:

—

3,300

.

6

Jan

29 Vb Jan

,

—100
preferred.-—4
—20
U S Pipe & Foundry—4—.
US Playing Card Co.—.
10
U S Plywood Corp
1-No par
}U S Realty & Impt

2,400

%

No mr'

Partic & conv,cl A.—-——
Prior

4,800

30%

30%

? 34%

*56

*56

Jan

14

700

35%

%

*15%.

106%

93 % Mar

5% Jan

10,100

33 >/4

2Vt

15%

Dec

4% Jan

16'A

*29%

57 Va

59

5%

pur

109 '/a

*108

30%

2%

*15%

Jun

Secur—Lk-, —No

40

15%

15%

32%

'

*55 Va

72%

U S & Foreign

4,000

*29%

'49%y

*42%

59

Feb

Jun

15

2,000

■: :? 32%
•%'. ■::%

49.% •
64%

114%
..'

2%

2%

Yi

Sep

35

Jun

,

3%

11

Jan

6%

Jun

48%

,

Dec
Nov

50

22

4%

109

109
■

ib

'

2%

j:i
lfi

8vb
3%

Apr

25%

'

2%

Va

3% Mar

16

26% Jan

4

3% Jan

32%

11

48%

.

1%

15

•17 V* Jan

'4%

30% '

64%

.

44

*42%

44

44

50
116

115%

116

115%

,

,49%»

•

'

49%

64% %

64%

64%

•; *64%

25 3 b
102

102%" 102%
49%
,49Va'

,

18

3 % Jan

32%

15%-

15%
109

109

30 Va '

*%

26 %

26

26%
102%

14

Jan

16% Jan

4 %

4%

8 'A Jan

Oct
Dec

,Cio

32%

31

31%

4%

Feb

iV
18

July

43

/

7

,

Jan

11

.A 3% Jan

4
4

—5

•

11

22

...

A

6

*37%

40

*37%

30%

6

6

6

% Jan

Dec

1,900

61 Va

175

:.

.19% Jan

.

27/« Jan

.—-5

Cos..

-

Oct

Va

20

16

United MCr & .Matui Inc v ft—

'

26%
102%

Jan

Oct

United

,,

40

9%

61

*171%

175

32'A /

*29%
'■

li:

N.%

*37%

109

109

29%

40

,

May

58

1,600

89

*9%

60%

*171%

6

4%

15

37 •'

,

15 Vb
109

109

*5%

30%

Jan

20

38V4Jan

'Improv't—— —No par
—No pat
$5 preferred-

3,600
A

5 Vb

*87%

9%

60

60%
173

6

*37%

31%

4%'
15' v

-■

15%
103

108

60%
,173

173

.

6

40

31

95a
60 Va

*9%

9%

'

6 V'a

%

*37%

40

31

9%
60 Va

173

175

*173

7

.100

United Fruit Co.—

3,200

6

103

5

*86 %

68%

5%

6

103%

17

/

68%

5%

'

3%

61%'

61

175

.17
113

.-10

Corp

United Eng & Fdy

,•

7% Jan

—5

Unit8d

66%

5 Vt

9%

9%

9%

9%
61%

9% Mar
104% Mar

Feb

.

_

preferred—,

■

*173

Apr

19
21

58% Jan

2

.17% Jan

7%

4

30

Jan

112

7

,~-No par

10

16% Jan

2

16

No

150

4,900

•

3%

67%

*9%

19% Jan

8

109V3 Jan

par

...No

6

41 %

66%

88

4

Jan

16

800

8 %

*3 %

-

Jan

Jan

84

.1—100

42

7%

8

*26%

6

1Q3'

16%

Corporation—* ._INo

United

20,300

27%

66 V 2

100'/a Mar

8
.2

pur

—No

Co

United-Carr Fast Corp

%

18%

42%,

*3%
42

6

6

.—No

preferred-—

19%

%
19 Va

.

*26%

27%

20

113%; Nov

'

A.

18%;

%

3%
88

?

Jan

110

Jan
Dec

80'A Jan

100

United Carbon

100

May

9%
83

115% Jan
.

—

Biscuit

5 'I

•-

108

2

105% Jan

par

Un Air Lines Transport—■,—4-5

,

15

114

Corp—%-v.-1.4.-5
100
preferred._-.__.

conv

Jan

5

Aircraft

V United

709

20

5%

■

.

150

*18%

3%

87%

600

20

3%

%

.

United

•

Apr

Jan

—100

Union Tank Car___

"

'15,100

•

■■■y.

111%

5%

3%^
*5'/a
87

16%'

17%

17

3%

5 Vb

104.

•'

6

6 Vb

18%

17
112

900

'

*3%

66%

6

18%

...

58

113

preferred-w.-—«C-i.

4%

500

4

9

Dec

46

Jan

Sep

19

13

,

7Va

22

Jan

8

28%

n

'/a Jan

82% Jan

2

79

No par

pfd~

Pacific RR Co_

Union

"44% Ja

8

Jan

par

No

Union Oil of California-.:..——25

.3,200

84

Mo $S.

Jan

42

par

,.-No par

V Preferred $4.50 series__. 't*„No

.

5,500

83%

111%

18%

18

*40%.

:

16 %

••

*16%

17

A

%

3%

6

-

19

18%

18%

109%

16

56

56

*18%

Va

41%

27%

28

65%

66%

6 Va

19

Va

41

6

6

*27%

28

28

112%

97

112%

3%

3%
43

43

17%
*16%

*112

8

8

8%

8

3%

3%
43

*96%

.18%

18

,

.

97

t a

19

18%

8%

8%
3%

19 %

%

1

;-23 -19

28%

0

i>

%

til

26% *

56%

*56

20

*18%

20

*18%

*

*111%

112%

55%'

co

27 %

*96 %

112 Vij

*111'%

V

•"26

%

El Co of

Union

"

*109

108%

15%

Co—-,__No

Paper

Union Carbide & Carb_

.

10

.

Elliott Fisher

~

~7

Jan

19 % Jan

6
.

5

7 Vb J a n

15

6% May

Jan

15

16% May

22

Oct

Oct

96% Mar
138

Jan

10% Mar

25

,

Apr

W
26

26

8Vb

7%

7%

7%

7%

*7%

21%

21 34

21%

21%

*21%

21%

21%

21%

21%

21 %

21%

21%

*102%

104%

*102%

104%

*102%

163%

*102%

104%

*102%

103%

*102%

103%

*8

8%

'

8

For footnotes see

page




319.

8

7%

8

Wabash

.100

24% Jan

4

27% Jan

22

—No pter
1
——No par
preferred with warr—100

7l'a Jan

5

8% Jan

18

20% Jan

2

21% Jan

13

RR

preferred.

900

Waldorf System

800

Walgreen

Co

;

21% July

6%, Mar

30%

Jan

7%

Nov

16

Apr

20 %

Nov

97%

Jun

102 %

Oct

THE COMMERCIAL

Number 4145

Volume 157

& FINANCIAL CHRONICLE

319

NEW YORK STOCK RECORD
SALE PRICES

LOW AND HIGH

Saturday

Jan.18
t

t per Share

Jan* 19

,

'

Friday

f per

Sales for

NEW YORK STOCK

iJan. 22

the Week

*

share

Range for 1943
Rasis of JOO-Share Lots

EXCHANGE

;

Jan. 21.''

t per shar#•

t per share

shart

per

STOCKS

Thursday

Wednesday
Jan. 20

Tuesday

Monday

Jan, 10

On

Lowest

Par

S per share

par

Shares

per shprj

Range for Previous
Year

4% Jan
2
38% Jan 12
15% Jan.'4

$

t

share

per

1912

Lowest

Highest

Highest
per share

share

per

1

5%

5%

39%

.'

39%

27 %

5%

Va

39 %

16

15%

'?4%

5%

.*%

•

5%
40%

15%

39

%

5%

5%

40

15%

Walworth Co

9,800
1,200
300

40

*15%

<

,

Walk

*4%

.5%

"*4%

.

5%

*3/,
74

5%>"

5

%

.

5

5

.

1,000

•

iH) Good & W Ltd

No par

Div redeem preferred—No par
Ward Baking Co cl A—-—^No par

'

4% Jail

5Va Jail

21

3%

Apr

5%

40% Jan

4

31 Vs

Apr

41>A

13% Mar

16%

15% Jail 19

2%

5

5% Jan

6

% Jan
4
26
Jan 20
7% Jan
7
79% Jail 11

% Jan

4

27% Jan

4

8Vs Jan

4

Nov
Nov

Oct

6'

•

Nov

1

Jun

Nov

'

%'

*%
7%

7%
85

%■■

:

,7%

'7%.

80

26

26

26%

7%

7%
80

80

%

20%

27%

27

27%

73A

5

38%

*15%

15 %■

15%

16%

5

5%
39

*38%

40

"15%

•

*80

5

5%

5%
40

.*15%" 16 Va
5Va
8 Vs
*%
%

26%
*81

7%

27%

1,100

7%

14,200

7%

•

83

.

%.

*26%

27

7%

7%
85

'80%

80%

«%

.

*81

200

$7

preferred

50
5
,____„No par

Wamer Bros pictures

$3,85 preferred-

140

83

,No par

Class B

.

82

Jan

% May

29 Va

NOV

Apr

8%

Deo

May

80 Vi

Oct

39%

Jan

16

Feb

4%
X65

4

'

''

>26

V»'

27%

27:

27%

*26%

*26%

*}7Vs

17%

27%

1,7 Va

27%

'

17%

*17%

17 Va

17%

17%

12%

12%

12%

12%

12%'

12%

*12%

18%

18%

18%'

18%

18%

18%

l8Vs

3%

2%

3%

*2%

3

3

19 Vs

70

70

70

12%

3%

"3y«.

...

*69

19%

12%

12%

•

19%..

9

9%

*52

56%

62%

63

:

.19%
*6%

-

.

.

V.7/;
1%
.'27%

1114,

,

62

13%

13%

19 Vs

.

6%

6%

6%

*6%

1%.

1%

1%

1%

'

■28

27%

16%

17

82Vs.

82%

82%

82%
123%

.

32.

32%

27%

16%
82

io7%

...

r
'

27

16%

1

•

82%

32%

', 27%

*27

107%

.107

:83%

*32 V«

27 %'

2% Jan
17% Jan

8

3% Jan 21
20% Jan 11

1%

Jan

3

July

4

..

Jan

21

70

i

6%

Jan

Feb

19

May

.

Jan

20%

59% May

x71%

15

18

Nov,

:-.1st

! 1,600
800

91

Apr

104

Jan

93

'Jan

15

Apr
102
May
10% Sep
97
Sep

19% Jan 22

12% May

i

Jan

11

110% Jan

14

64

•

5

105

2

:

2'A Jan

2

36

<14% Jan 19

5

Jan

5% Jan

1% Jan

Jan

27/s Jan 21

2

6% Jan

19

4

IV2 Jan

2

8

:

18

'

•

113%'

Jan
Feb

18
104 Va

Jan
Dec

20

Apr

3%

Jan

% May

8%

Jan

% May

2

Sep

'

7.

28% Jan 22

23 Vs

4

26% Jan-

.

.15% Jan

17% Jan 22

13% May

81

Jan

2

<

7120

Jan

5

123% Jan 18

.31

Jan

12

26 V4 Jan

4

;106%Jan

15

Elec

85

Jan 22

:

30

Oct

19%

Feb

Feb

Apr

83

Dec

109

Aug

127

Jan

20

23

Apr

32%

27% Jan 21

.22

Mar

31%

63 Vs

.

Instrument-.
12,50
Westvaco Chlor Prod—No par

-Weston

Apr

41%

Jan

.

Jan

34

19
.

u——i——L50

preferred-.:

Jan

10% Nov

7% Aug

9

103
-

Westinghouse El & Mfg-——150

120

Jan

2

:

-11% Jan-

Auto

-

3,500

9% Jan 18
57

,'73% Jan 12

8

Jan

7

109

Supply Co
.—10
Maryland———100
4 % 2d preferred———100
Western Pacific 6% preferred—100
Western Union Telegraph—-—300
Westinghouse Air Brake
-No par

£1,600

27%

4

57

..

Western

300

4
4

67% Jan

—>*.—-100

preferred

300

.32%

8% Jan
50% Jan

.

A-———No,' par
preferred
+^-1100
.0% prefer-red——-u.—-...-100
West Penn Pr Co 4%% pfd100
West Va Pulp 81 Pap Co—a--No par

2,300

27%::

:

Corp7.—,*—1-11

Indies -Sugar

■Western

i \

85

69

7%

< 5,200
? 6,500

,

-

-

West Penn El class

.

110

32%'

27%

West

7,400
30

i
;

Snowdrift—:»,nrNo par
.—No par

preferred-*.

"$4 conv

Jan

'

-.

%

28 y4

83%

Wesson Oil- &
•

500

—No par

Eisenlohr

Webster

2,300

*126Vs-123

32%

'

27%.

Nov

j

17%' •17%

,

V

"122%.. 123

32%

,

'A 27%'-

17%

82%

16%

:*120% 122%

123
>31%
32%
123

>

27%

107'/4

-

.7

;

1V2,

.

27%' '27% '

; 27% ,27%

28 Vs

17%

123%

82%

'

Oct

18

•

2%'

:*6%'

6%
1%

■;

*1%

1%

14

Jan

j'4,700

19%

,

2%,

V *6%'

.',\T

Jan

■•11%

I

,

1Q5%

19%

19%

21

18% Jan 15

200/

"

16%

123%
32
.32
'27% '27%

*103

2%

3

*2%

,

18

13

5

62

'

:

3

17 Va Jan

4

180

13%'. ,13%

105 %

19%.

4

12% Jan

.

'*109%, 110%

•14.

*103

Jun

12

15% Jan
17% Jan

l:

72 V4

61%

13'A

.

Washington, Gas Lt Cq——No par

!

54%

,

110% 110%

105%

:

19 Va

19%

*2%

3

27%

*120
.

19%

*103

i%

16%. 17%
82%

105 V4

61%

;

Oct

Wayfie Pump Co—

j 2,000

'9%

53%
.■.n •

73

110%

13%

.14%

13%

71 %

61

110%

9 Vs

55% '

*

73

61

9%

.

*52%

,56;

%

6%

■:

.

,

-27%

.

/

*71

.

110

"103

19%

*2%

'

109%

105%

19%.

2%

61

13%

13%

.19%

*2%..

61

110V4

*103

105 %.

71%

9 Vs

9%

*52 %

71%

63

*109%

9 %

9%
56

*52%

"73%

.

62%

110
13%.13%

9

9%
56

73

,

*1.09%
*104

'

9

*52 V#

74

24%

Waukesha Motor Co-*-——-5

I

*

'*72%

27% Jan 22

300

S

"71%

*70

r

!.

18

f 1,200
I 600

18%
18%
*3%..
3%
19%
19%

..

69

.

70

,17%

.

69

19% V 19%

..

•

18% i
.'3%,%

27%' Jan

Warren Fdy &- Pipe-u—+No par

300

27%'
,17%

27%

•

i

.13

*18 V8.

18%
•

27%

fl7% .17%

13

-*3

19%

70

19%. .19%
1
70 r

19%

19%
*69

.

*27

*

32 Vs Jan

Dec

Jan

'

107

107

*41

50

*86

93

*41

50

62

62

::

15%-

14%

4.%

:

*41

50

*41

*85

.49

4%

50

,

I

107%

V?

*41

V

50

-$4.50 preferred—j.

380

.

'

61

16

15%

88

*85

88..

88

88

19

19

19%

19 Va

19%

61%

61%

63 %

62%

*15%

19%

18%
61%

88
+

62

*15%

107

'

88

,

19%
.

*106% 107%

107%

16'A

*15%

16%

16%:'. 16%

:

14%

.

62

'

-

15%

14%

*41

.

89"

89 V

*19%
62

3.07%

.15%

7,

.63%

.

■:

30

■4 2,600

|

310
300

—No par
Wheeling & L Erie 'Ry Co100
5Va% conv preferred——-—100
•Wheeling Steel Corp—
No par
$5 conv prior pref——Nd par
White -Dental Mfg
(The 8 S)—-20

1

.

'•

3

14%

3

4Vs

3%;

■

■

•14:

14%

*4

50

*40

22

*20%

22

*40

3%
'."Vv:3

HO

20%

*19%

2%

*2%

50

*42

21%

*20%

■: 'r'3'.: ■:

*42

x20%

2%

*2%

2%

2%

27/e'

2%

8%

8%

8%

8%

5%

5 Vs

2%'

'

'

5

'■

•

2%

2%:

2%

8%

8%

4%:.

■,

,

VV 5Vs

62

.00%

5% '

9%

*9%
J.

*113

H13
18 V?

18%

*18%

T8%

-

.

2%

7.2%

^

100.

33%

33%

*18 *

33%

32%

.

"-9%

*113%

*98

17

'■('/17"?
*108

122
117

48

.

8%

5%

; .65 ■v

.

*

'v

.5%
65%

^ 7

°9V8

18%
32%. 32%

9%

.

20Q

i

8,300

122

33lA

108

117

17

16%

3,300

!

732%»..327A

.

17

'.'

■

17%

26,400

-$6

48

*46

117

*45%

..

92

;

:

'.

•47%

'.,*46
91

92

.

91

91

*98

-:

*45 Va
47%
*45% ,47%

"

48

:

91

Wilson-Jones Co

t 1,200

: Wood ward

22%

60%

*60%

23

.

60%

13%

60

"46%

.

13 Va

•

-

-

85

*84

46%

200

.47%

100

91-,

"

*90

J

61

23%

23

70-'

8%

8%

8%

:*8%

8%

30'A

31%

30 Vt

30%

84

84

84%

84%

9%

9%

10

9%

9.%"

24

*119%

;

8

?

40

8%

8%

10

8%

17%

Dec

27 Va

58 Vs

Dec

69 %

Jan

12% July

15 Vs

Dec

80

15%

Jan

Feb

12

Jun

'43S Jan 15

3

Mar

'3% Jan

18

1%

Jan

15

53

Jan

7

15%

Apr

22%

Jan

7

1%

Apr

2%

Dec

2% Jan

14

8% Jan

11

40

••

5Ve NOV
3%

Apr

40

May

9V4 Jan

.

Preferred

Jan

8

115

9

*

115

i

3,200

6,500

Youngstown S & T

10%

10 Va

.

Jan

—

Dec

6%

Jan

73% Jan

18

Jan

8

107% Jun
16% Dec
21% May
14Va Jun

110%

Jan

31

Dec

21% Jan
July

117

24

Nov

125

106

117

Mar

dun

54

Jan

44

Jun

57 V4

Jan

80

Jun

104

Jan

39

Jan 22
Jan 14
Jan 18
Jan
8

Nov

42%

—

46%
46%
•792
62V2

Apr

62

Jan

22

Jan

Oct

24

15%

Jan

21% Jan

13

23%

Oct

12% Jan

2

133i Jan

15

10%

Apr

14%

Nov

-118% Jan 12

118 % Jan

12

111%

Jan

121 Va

Dec

5

Apr

7%

Nov

7% Jan.

8% Jan

15

Jan

4
6

Jan

4

85

9 Vs Jan

2

19% Jan

12

21% Jan

22

8%

2

2% Jan

91

1% May

par

-No par

30

.

preferred series A_ 1—100
Youngstown Steel Door-___ No par

( 5,500

8%

Sep

18% Jan 22

--

82

t5%%

220

2% Oct

Sep

51

,

44% Jan 9
46
Jan
9
7" 88
Jan 15
58VsJan 4

100

_No

Young Spring & Wire-

:

/

_

3%

22

33% Jan 18
M7%' Jan 4

30% Jan
2
16% Jan 20
—
>7_j—'

.....

1

B.

—-

—

9V4 Jan

f

18

7 171/? Jan

.

1% Aug
4% Apr

.

5% Jan 22
.65 Va Jan

57% Jan

—25

Mfg. Co—

Yellow Truck & Coach cl
■

f.

Jan

4% Jan

—

84 Va

10%

Jan

15

2V« Jan

-10

Co

preferred A

31%

■'
.

93

13-

Jan

■

:21% Jan

19

.

——10

-

84'A

8%

84 W

July

Jan

14% Jan 18

<

15

pfd—>—100

31

31%

31

*83%

8,80Q

121

Apr

2% Jan

Jan

8

i——ilO'

Iron Co.:

Yale & Towne

1,700

13%

13 lA
'

121

*119%

900

;:6i%

24

13 Va

13

13

121

85

.

9%

10

9%

5

.

—100
6% preferred B_
100
Prior pfd 4 % % series100
Prior pfd 4%% Conv series—100
Wright Aeronautical———No: par
Wrigley (Wm) Jr (Del)
No par

•,

46

61

60%

23

12%

*119%

121

*119%

31%

8%
31 V«

31%

.

•117

50

63% Jan 21

2% Jan

Worthington P & M' (Rel}r—No par
.7%

*46

.

9t

*90

'

'

8%

8%

31%

*98,
7

46%

46%

••

60%

23

23

13

121

"•119%

60%

23

23

13'A

13%
121

85

—

Wooiworth iP Wj

'12,700

(1,400.

'

60%

13%

117.

'

*45%

.

'

22%

2

x20% Jan

preferred—————No par

}■ 1,700
v
100

-122

*108

Dec

-

Wisconsin El Pow %%

18%Vl8%

122

*108

122-

*98

*98 '

.47%.

♦46

90

*119 Va

'16% Jan 22

3% Jan

;

Willys-Overland Motors—
7-1
-0% conv preferred—--——10
Wilson & Co Inc—l——No par

113 V2

18%

16% T

16%

-

*59%

14

Wilcox Oil & Gas Co—————5

-

47

♦46
88

t20

2% Jan

"

18%

*18

'.:

-

65'

*9Vs

*113%

■■

5%

63%

2%

8%

8%V

5

:
7

2%;

:

2% 7

"

9%

*9

,18%

33'A

.

17% :-

:

*108

117

*45 %
:

89

2

5

.

*

17%

122

*98

9

Jan

108% Oct

,

*

i

*2%: :'72%

Jan"

13% Jan

.

No par
1

——20

preferred

Prior

85
18

——:i-l

Spr Co

100% Jun

2

58% Jan
15
Jan

,

$4 -conv preferred——»^-No par

-

1

Rock Min

White

White Sewing Mach Corp—

/,] 2,600

21%

2%
-

8%

"...

'

63

*62%

9%

*113%:

.■

'

*108

2%
2%

.

:

•V

,33%
17%

.

17%

..

8%
,8%;:
■"V/ 4%
5'

63% " 64

62

'

9%

33

.-21%' 7

400

Jan

42'A

'

'

60%

•

'

'

,2%
■

,

50 '

*20V4:

50

'

•

1

3%

White Motor. Co—

6,200

V *4 Vs

HVa
3'V/'-

7

3

50

14%' '14%
"74%

:

'

,:*27/8 ;
3

:

14

14% ■\ 14%
4 Vs

3%

3

50

*20%
.*2 Va

■<!

■

3%

*41

14%

3%

108

'

■

31% Jan

15

28%

Jun

Jan

lb

78

Jan

10% Jan 22

•

7

May

Jan

37%

:

87

Oct

12%

Jan

20

Dec

7
20

20

20

~

2 J,4

2%

100 to 10

19%

20 Vs

19%

193A

2V»

■

'Jt%.

•

*Bid: and asked prices;
reduced from

'

20

2V4

.

'

2%

2%

2%

sales on this day.

no

shares.

20

-

$In receivership,

a

21'A

21%
2%

-10,700

2%

Deferred delivery.

n

•

New Stock;

r

No par

Zenith Radio Corp—

3,500

2%

21

2%

Zonit®

Cash sale.

x Ex-dividends,

Special sales,

s

Week Ended Jan; 22,1943

:

1

Stocks,
' Number of
Shares

Bonds

Bondsj

708,280

$418,000

10,993,700

J

476,000

14,589,200
13,415,900

——

Bond

393,000

817,000
596,000

Total

Goiiernyient

Foreign'

9,374,500

Saturday——'—>

Wednesday—
Thursday—i
Friday

and Miscel,

,

Monday——.—
Tuesday———

2%

Jan

t Unit of trading

Stocks

United States

10,498,200

..

0 Called for redemption,

:

Daily, Weekly and Yearly

Railroad

$6,343,900

:

Ex-rights.

y

Feb

^gTi^sMlibiis:: at the New York Curb Exchange

Exchange

Daily, Weekly and Yearly
•

Jan

/

*,

Transactions at the New York Stock

.

2

1

Product? Corp

,

Bonds

;

/

.

24,000

'

-

22,000

•

•

(Number

■

Week Ended'Jan. 22,1943

>

-i

—

Tuesday

*

-

-

Thursday

14,079,900

1

-

'*

—

——

——

"

•

—•——

Bonds (Par Value}
Foreign
Foreign
Government
Corporate

$552,000
689,000
538,000
608,000
840,000

$1,000
15,000
7,000
51.000
17,000

835,000

189,736

Friday—

,

Damestio

116,030
141,560
145,045
c 158,545
- 225,830
v

;•

———:

Monday————
•Wednesday

of
7
Shares)

Y-:'

'

v.;-

Saturday

15,195,200

.

.'-/: ■'://

:

10,204,500

10,000

642,OQO

Sales

11,395,700
10,998,200

13,000

V.

-

$6,767,900

$6,000
9,000

■

'V.

15,000

$4,062,OpO

$106,000

Total

S7.000
2,000

S553.000
704,000
545,000
666,000
859,000

$9,000

$4,177,000

.

—

850,000

■

Total———

$65,215,400

—„

-

$68,641,400

$84,000

$3,342,000»

TotaL:———————^L.

"

•:

':

Week Ended Jan. 22
1943

Stocks—No. c!

shares.:

1942

Jan. 1 to Jan. 22
1943

.

4,196,355

2,582,970

—

$84,000

$164,000

.!

3,342,000

65,215,400

3,814,000
52,375,000

$68,641,400

$56,353,000

1942

t

12,010,962

:

"

'

S.

Government——

Railroad & industrial—
Total———

———.

/
Below

listed

on

the

are

9,205,000:

$213,322,300

$163,682,000

Date—

.

"January

16

January

18—:>

>

.January

19

January

20—_—

—

January' 21—>
—

_

-

_

>

-

Industrials

'

15

20

Rail¬

Utili¬

Total
65

Jan. 1 to Jan. 22
"

1942

'

1943

1942

976,746

510,635

2,362,316

1,588,795

f

$4,062,000

$4,836,000

$12,928,000

$12,541,000

106,000
9-000

83,000
U.OOO

763,000
15'000

301,000

$4,177,000

10

First

Second

Grade

ties

Stocks

15.58

40.87

106.88

121.56

29.08

15.65

40.91

106.88

120.48

28.70

15.48

40.50

120.55

28.75

15.46

40.53

121.79

'28.93

15.70

40.93

28.87

15.77

40.97

—

—

—

1

Total————

4

trials

Rails

-

$4,931,000

$13,706,000

$12,997,000

Bid

•

Grade
.

Rails

100.2
100,2

100.3
100.4

10
Utili¬

ties

Total
40

Bonds
91.82

94.76

55.65

109.85

91.79

106.87

94.85

55.16

109.96

91.71

106.83

95.25

55.26

109.88

91.81

106.94

95.75

55.92

109.90

92.13

96.30

55.91

2a

110.05

92.27

Federal Home Xoan BanksA-*
f
f/es
Feb
1, 1943
—

—

,

134s

—_Mar

...

2S

;

—Apr

1946-1944-.

3s Jan.

1, 1950-1946
3s May 1. 1956-1946

104} J
104%

-

3%s~ 1955-1945
1955-1945J

"
-

4s ^ 1964-1944—

3s

b0.70
0-55%
b0.70 :0.55 %
100.5
100.9

.

1,1943
1, 1943

Federal Land Bank Bonds-—
43

Ask

Max 16,1943

-

-

3, 1943 at 100%—
July 15,1943
15,1944

11 Vs %

Apr

tJ 0 Housing Authority—
1%% notes
Feb
1,1944

.

100.22

100.7

100.8

100.4

100.6

100.22

100.24

104%
104%
Other Issues

105%

-

100.16

100.18

Reconstruction Finance Corp-—

105^ ,105iJ

—

100.12

l%s Jan. 3, 1944—
Coll July

110.08

106.83

Bid

Ask

Federal Natl Mtge Assn—

May 1, 1943
——Feb'15, 1945

%% ■
U%% '

55.45

.

155'00Q

Quotations for Friday Jan. 22

u

,

Commodity Credit Corp—

94.86

.

<

Obligations Of Governmentat Agencies

Indus¬

roads

.

.

-Z—Z—.

10

28.96

121.99

1943

I——-———-—:———

Foreign
Foreign corporate

-Bonds-

121.60




Domestic

daily closing averages of representative stocks and bonds

30

22

.

the New .York Stock Exchange as compiled by Dow,, Johes & Co.:

,

January

$771,000
9,349,000
153,562,000

,

203,895,800 '

10

'

Week Ended Jan. 22

:

.

10,066,030

$221,500

■

Stock and Bond Averages
-Stocks-

■

'

:

,

t

Bonds

Foreign———

v

:

•

:^

Stocks—No. of shares

Bonds

U.

'

V'-'i'"

976,746

.

' 105%

U S Conversion 3s

106%
107-&

106%
1Q7>V

U S Conversion 3s
Panama

Canal 3s

1946
1947
1961

106%

107ft

108%

109ft

128%

130

THE COMMERCIAL & FINANCIAL CHRONICLE

320

Bond Record

New York Stock Exchange

«»
FRIDAY

the

"and

are

interest"—except for Income

The italic letters in the column

peek's

Friday
Interest

Exchange

Stock

Week Ended Jan. 22

Last

„

Period

11

Sale Price

^tid

Low

S.

U.

M-S

Treasury

J-D

1947-1952
1944-1954
1946-1956
__1943-1947
_:.__1943-1945
1944-1946
.__1946-1949
3%s______
;_—1949-1952
3s____——
1946-1948
3s
1951-1955
2%s
4—_
•
-1955-1960
2%s
1945-1947
23/4S—
_____1948-1951
2%s—
—1951-1954
23/4S
1956-1959
23AS
1956-1963
23As
1960-1965
2Vis
*
_——1945
2%s
______
1948
2Vis
1949-1953
2Vis
_____1950-1952
2 Vi s
;
1952-1954
2Vis
1956-1958
2Vis
—--—1962-1967
2Vis ■___—
—1963-1968
2Vis___
__1967-1972<
2 Vis.
,
1951-1953
2 Vis
—__ 1952-1955
2%s
___1954-1956

Treasury
Treasury

Treasury

Treasury
Treasury
Treasury
Treasury

Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury

Treasury
Treasury

Treasury
Treasury

Treasury

.

Treasury

Treasury

1947
Mar 15 1948-1950
,i.Dec 15 1948-1950
Jun 15 1949-1951
Sept 15 1949-1951
,__Dec. 15, 1949-1951
;—_—1950-1952
__1951-1955

Treasury 2s

Treasury

2s__

Treasury

2s_

Treasury 2s_i__
Treasury 2s
Treasury 2s

Treasury 2s___
Treasury

2s__

Treasury

2s.

,

Treasury l3/is
Federal

1953-1955
June 15 1948

._

High

AChile

-

"5

*106 ,31 107.1

J-D

MS

109 .9

M-S

*

MS

r*l07

'

P''

.

i,—(

'

A

199.10
.404.22104.22

A

*107, 31 108.1

*108 ,20 108.22

J-D

*109, 5

■

"T~

■■

*104.

16T0|Up

-*406,

14 106.16

J-D

406

106
'4

t

106.11

*104

104,2

...

M-S

;

'*103. 20 103.29

J-D

100.15

100. 15 100.17

J-D

100.20

•

M-S

3--

.

■

'■

.-<•

1

28

10 '

'

4!/2s

*104 4

*101 19 101.21

J-D

*103. 29 103.31

*100 21 100.23

M-S

*100. 18 100.20

*

Jh-S

,102.28 102.28

3

M-N

102.27 102.27

3

1945-1947

M

series

55

J-J

!

.

21

c

1970

,"-1947

M-N

,

>30%

F-A

'45

.

./
101%

A-1951

A-O

_1952

(Rep of) 8s

ser

102.27

M-S
A-C
M-S

1st

5Vis

—1969

ctfs of

8s

7s

J-J

'

,.,'

*90

1947

sink fund 6s

F-A

Teletype

A

f

1-1693

Akershus

(King of Norway)

1968
1945

M-S

*45%

coll 7s A

(Dept)

AAntioquia

4s

i.

'.

75

(Prov) 4s readjusted—-^1954

J-D

*81%

(US)

—1943,
extl 5s of 1899 £
1945
5s of 1899-.——
^1945
4s of 1904—
1954
4s of 1910
£—_i_1945
6s of 1913 assent
-1933,

44

■

-*•

f

7s series B

1945

f

7s series C

___1945

J-J

*5%

Q-J

,*11%

15%

9%

10%

*10%
*12%

15%

16%

16

16

''

;

9%

15%

10%

J-D

J-J
J-J

MS

V-

,

; 13%
72

13%

9
.10%
11% "■ 13

'.V

::

14

21

23%

J-D

Wales

?

*85%

23 %
.

r 18%
.18%
■;■>

84

84

89%

84

M-N

72
93

.

23%
■ _,

89%

>•'

I

F-A

_1957

—

——.1958

■

90

A-O
f-A

100%

F-A

100%

extl loan——

1944
1956
1965
1963

1970

sink fund 4y2s_—
sink fund 4y4s

;

9

88% 90
lOO'/a 100%
100% 100%

,'

—.—1943

6s

5

87%

82Vic 90

.lOO'/a! 100%

4

100%

100 Vi

82%

85%

87%

77%

81

1

81

82%

9

87%

80'%
82%

!,

84
90%

14

M-S
A-O
F-A

23%

84
82%;

1*

■

23%
;

5.

f. •;

(State)—

5s__

f

s

v

21

23%;

MS

4s sink fund

16%

6

16%

82%

.-9

,

12%

—_—1959

series

vl

9%

Q-J

i——_1958

.

2

16%

*15

82%

;;

-

9%

•:

(City) 7s___———1952
A_Ai—.—_—1—_il959

Montevideo

.

15%

J-J

s

M-N

Municipal Bank extl s f 5s

44

15%.' 15%

v.

(State)—

Geraes

External

•

s

A External

.

Irrigation—

AAssenting

A6s

;

■

15%

J-J

AExternal

12%

12%

External

•'

['

85

11

k*

63%

15%

External

y

14%

73

70

15'%

New South

■

12

14%

%

12%

ASec external s f 6yas

"

99

48

17

14%
*68

ASec external s f 6V2s

,

*43

95

99

*83

,

*43

A-O

18%

A-O

Norway external 6s—

____1948

sink fund 6s—

AGtd

21

J-D

External

AGtd

21

53
,

?

*13%

M-N

§ATreasury

"

72%

72

85

*_!/'.

1960

*

'

72

72

(State Mtge Bk) 7s_—1957
(Colombia) 6V2s—
!l954

AAssenting
AAssenting

1

72%

.,,.*19

J-D

Jugoslavia

A Mexico

~,.y-

& Municipal
Bank (Colombia)—

Mtge

69%

18%

.—1949
1949

A4y2s stamped' assented—

Govt.

Foreign

42%

3

73

*60

External s f 5s

Agricultural

17

21

M-S

A-O

Mexican

Broadway,1 New York

55%

45

Government—

Minas

120

35

47%

—

1952
1960

Foreign Securities

2-2300

30%

15

72%

'■>- 21

J-J

A-O

and other

REctor

3

54

72

72%
72%

(Republic) s t 6s series A
Helsingfors (City) extl 6y2s

South American

NY

111

*72

—1945

extl 6s__

Republic 7s stamped
unstamped

AMedellin

..

106%

106%

.

A-O

^.1948
.—..,..4967

dep

(Republic of)

(Republic)

Mendoza

Members New York Stock Exchange /,.

77%,

105%

+

3

72%

72%

A-O

—1969

series

Salvador

Estonia

a

•!

6

102%

72%

137

53

,45

Irish Free State extl s f 5s

Telephone

101%

>;i02%"

A-O

5l/2s

Haiti

.

/

101%

"

'

55%

52%

A-O

French

103 Vi" 104

63

■

21%

48.

52%

1940

44

19%

.

1

35

-

53

F-A

1940

45 ■:

39

38
■,4

40

14"

;

■12

34%

1955
1962

>

30%

*33

55%

1942

41/

33!

1

.

111

J-J

—1942

54

' ,38Vi

,

''

111

1968

Wertheim & Co.

•:

19% 211/8
101 Vi 101 i/a

A-O

5j/2s

55
.

'

77J/2 77%
105% 106%

.

105%

"52

1

L

44

M-N

M-N

52'
'

102.28 102.28
102.27

"I'

18%

17%*".; 17(4

,f

45

42

45

J-D

M-S

•,

.

1964

:■

21

■.',j 79,

32

32

...r4.

J-D

paid—

active interest in

21

,

2

41

♦1021/a

paid

an

18Vi

.

16

54

*102%

nart

We maintain

v

21/.

>17% -:19%

,22

*30%

J-D

7s

103%

el03

21

•

'V"T7%

34

55

40%

F-A

part

103 Vi

J-D

,!3.
31,

.

54

.

F-A

A6s

_1980

*

•

.54
41

1949

A7s

Corporate Stock—

17%

:

V, 30 :v;:.'(18

17%

.

—1949

;

City

3%

;

'

19%

—

A-O

,_1946

,

Transit Unification Issue—•

New

; 20%

18i/»

A-O

1945

Greek
York

A-O

1961

J-J

wks

!
".
;■

21

1981

5Vas 2d. series

*101.11 101.13

J-D

203A

Oct

1953

'

A

j.

21%

,

18./

„

__1977

Finland

—1944-1952

series A

19

v

'

,*102.27 102.29

M-N

21

J-D

debt

r

10043

100.9

*400. 13 100.15

21

___Jan

§A2d series sink fund

*103. 15 103.17

J-D.

J-D

21

_I951

5s__!

JADominican Rep Cust Ad 5y2s
§Alst series 5y2s of 1926

•*100. 16 100.18

J-D

\?

32

24

1;

20'A

19%,/. 19%
'
Hi/a

Customs Admin 5y2s 2d series_l_1961

*100. 24 100.26

J-D

49

21

"

*20

21 '

M-S

External gold 4'/2s_

,

M-S

:

207/a

20%

.

1960

ASinking fund 8s series B
SADenmark 20-year extl 6s
External gold 55/2s

100.28

100.28

100, 28 100.28

J-J

21%'

M-S

loan 4%s

external

,

M-N

f $ bonds"

A Czechoslovakia

104.6

High

*20

,

~

21,

.#

A-O

APublic

*104 31 105.1

M-S

Low

•

201/2

A-0

Sinking fund 5Vis_

Owners' Loan Corp—

1 Vis

External

,

*101 23 101.25

J-D

*20

M-N

External 5s of 1914 series A

100.19 100.30
' 190.31 100.31

:104.25' 104:25

J-D

21'/2

.

January 1

•

No,

*

.

_1962

(Republic of)—

s

J-D

Copenhagen

T: jA1®3 -10048
'' ,20:' "100.15 100.21

*104 31 105.2

J-J

;21 %

J-D

,_l947
(City) 5s
_^1952
25-year gold 4%s
_._,._1953
A Costa Rica
(Rep of) 7s
-1951
Cuba (Republic of) 5s of 1904
1944

106

• '

.100. 31 100.31

100.31

J-D

v*.

'•

1

,—1961
A1962

ACplomblft Mtge Bank 6%s___
A Sinking fund 7s of 1926—
.ASiiiking fund 7s of 1927:

-

/'

•

rT,fi tOri"

•

.

,400 19 100.20

,

.

,

-.,77^
~rVi io'e r.";

•

*106. 9

M-S

M-S

.t,,11:

Range Sincto

Sold

High

-I960

(Hukudhg Ry)

3$ external

A El

1944-1964
1944-1949

1

3s

Home

a 6s assented

A,6s of 1928—!
A6s of 1927_;_"

*

109.7

M-S

J-D

.1

Low

J-D

Chinese

T

•,

"

Chilean Cons Munic 7s

*108. 16 108.18

J-D

y ' '

J-D

Colombia

J-D

Bonds

Friday's'.

or

Sale Price1 Bid & Asked

M-N

.—1957

r. A7s assented—..

' 107.9

M-S

1963

;

AGuaranteed sink fund 6s!
A 6s assented-

109~9~

4

v

109.10

104. 22104:22
,7

I

M-N

.

110.9

*110 ,6

6s assented--

1963

ASinklng fund 63As
1961
a 63/4s, assented
——1961
AGuarahteed sink fund 6s
A1961

*

103.2
103,3
106.30 106.30

,i
,

__

'.♦110 .15 110.17
*106 ,18 106.20

M-S

sinking fund 6s_

A6Vis assented

„

J-D

".J. - ',

.;

*

101.31

10L2 8

2

103.3

103 .2

' •'

'

*

101 .28 101.28

•

103.3

A-O

—

:

Last
'

Period

AChile Mortgage Bank 6Vis_—l957

'-i-

101.7

,*IQI .5

A-0

,4p5.31406.3;
I'

'■

(Continued)

AExternal
a

8 v

105 .29 105.31

nos,.16 J08.18

J-D

1

(Rep)

'V

,

Interest

-

,

Mortgage Corp—

Farm

3 Vis

3s

'/Low

'j

No.

114.2

*114

A-O
3-D,

33As—
Treasury 3%s
Tret i .ry 3%S
Trea ury 3%s
Treasury 3%s

'■

/

Friday Week's Range

New York Stock Exchange
Week Ended Jan. 22

January 1

i:

High

;i

'

i-

Range Since

Sold

k r

Treasury 4s__

* <•

BONDS
Bonds

Government

Treasury 4Vis
Treasury

in the week in which they occur. No account is taken of such sales in computing the range for the year.

Range

Friday's
& Asked

or

YEARLY

-

the month when; the bonds mature.

headed "Interest Period" indicate in each case

BONDS
New York

WEEKLY

-

Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions of

and defaulted bonds.
week, and when outside of the regular weekly range are shown in a footnote
NOTICE—Prices

Monday^ January 25,1943

80%

82%

J-D

*80

71

80

(City) sink fund 4y2s_:——1955

Oslo

A-O

*72

72

75

extl s f 5s ser A.1963

M-N

'

AExternal

s
s

f 7s

—1945

f 7s series D

AExternal

A-O

A-O

f 7s 3rd series—1957

A-O

AExternal
A

*15

J-J

1957

AExternal sec s f 7s 2d series___1957
s

sec

1st

series

(City) external 5s
1958
(National Government)—

Antwerp

Argentine

16%

.

45

1971

f extl eonv loan 4s Feb
f extl conv loan 4s Apr

f

S
S

conv

Australia

(Commonw'lth)

External

External g 4Vis

M-N

87

86%

F-A

79%

79

81

80

81

88

90

90

88

90

84%
97%

97%

96%

96%

97%

4

40%

38%

41%

122

V 38%

36%

40

f 6s—

1955

J-J

s

f 7s—_—

1955

J-D

.1941

J-D

-1957

A-O

SABrazil (U S of) external 8s
AExternal s f 6Vis of 1926

Brisbane

f 5s—
Sinking fund gold 5s
Sinking fund gold 6s
Buenos Aires (Province of)—
A 6s

s

s

External

3%

s

44

34

38%

34%

39%

M-S

91%

91%

91%

5

87

91%

1

83

88

87

93

A 6s
A Extl

A 6s

1984

A6s
A Extl
A 6s

A 6s

Fnr

,88

.

92 Vi

.—1945

72%
'

'

'

M-N

100J1

F-A

J-J

100%

J-J

99%

1968

M-N

99%

1954

sinking fund 6s

1960

93
1

*71%

72%

70

73

71%

72

__

70%

73

10

74

74%

74%'
50%

2

48%

51%

108 % 108%

40

107%

108%

100 J? 100

V

of 1921
sink fund gold
A7s external loan of 1926
A7s municipal loan
Santa Fe external sink fund 4s
A Sao Paulo (City of Brazil) 8s
A6MzS extl secured s f
5 A San Paulo (State) 8s—
A 8s

external

A 7s

extl water loan

lOlii

A 6s

101%

§ ASecured

extl dollar loan

101%

102%

Serbs Croats & Slovenes

10

100%

99%

99%

28

100%
97%

99'A

99%

37

97%

99%

external
A 7s series B sec extl
ASilesia (Prov of) extl
A 8s

secured

21%

A4Vis assented

21%
22

22%
21%

39
1

21%

Sydney (City> s f 5y2s

19

22%

AUruguay (Republic) extl 8s
AExternal sink fund 6s

20%

21%

,

111

18%

22

AExternal

21%

21%

33/4g.4.4i/2S

22

21%

22

47

18%

22

External

1961

J-J

22

22

22

1

20

22

External

Jan 1961
Sep 1961
Sep 1961

assented

22

F-A

F-A

J-J

22

y-s

1962

A-O

1962

sinking fund 6s

21%

1961
1961

A-O

sinking fund 6s

assented

see

page




324.

__

21%

22

72

18%

22

M-S

21%

21%

21%

28

18%

21%

21 Vi

22

38

18%

22

sink fund 6s

16

219

12%

15%

15%

14%

15%

153

13

15%

23

23

A-O

3Vis extl readjustment
A4

y2

s

(City) external
assented—

7s

•

A-O
A-O

..

*13%
*12

A-O

*20%

A-O

12%

12%

15

18

18

12%

14%

21%

13

17%

21%

21%

17

*12%

16

J-J

16%

18

J-J

13

14%

.20%
19

J-D

20%

J-J

20%

3

17%

21%

SO

30

11

93

96

*30%

M-N
'

'•

96

22%

20

23

93

18%

23

21%

18%

21%

136

16%

21%

1940
1968
1966
1967
1964

A-O

24%

24%

62

20

24%

J-D

22

22%
19%

22

50

17

22

21

22%

37

18

22%

22 Vi

22%

31

17%

22%

M-S

75%

76

6

73%

1952
1957
1936

M-N

*23%

•

A-O

1955
1946
1960
1964

,

M-N
J-D

__

22

23%

J-J

43

41

43

3

20%

17%

23%

41

43

33

33%

9

32

33%

M-S

32

32

2

29%

32

J-J

29%

29%

1

29%

29%

65

67

38

62

67

11%

12

34

10

12

11

12%

11

11

12%

2

85

90

—

—

—

56

64

69%

61%

61%

J-J

A-O

M-N

__

12

M-N
J-D

,

*10

—

J-D

13

*10

—

11%

90

F-A

F-A

M-N

•

——

90

*80 %
*78

•

M-N

M-N

1978

__

67%

69%

*60%
«...

*60'A

60

•

60

ft

F-A

—

J-J

—r-*

F-A

——

F-A

--r

—

*78

67 Vi

M-N

1958
1958

33

23%

J-D

1978
1984

78

18%

M-N

1979

conversion

,

95%

($ bonds of 1937)—
readjustment
1979

37/s-4 Vs-4^1
extl conv
4.4y4..4i/2s extl readjustment
AWarsaw

21%

12%

15%

1950
1956
1968
1940
(Kingdom)—
1962
1962
7s
—_ 1958
1958

20%
22%

Jan

assented

f 7s

18

Feb

f 6s

s

100'/a 100%

*10%

.

59

/ 14%

1953

A63 external

16

15%

Sull (State of)—

A8s extl loan

19%

14%

16

l——

6'/as

14%

19%

J-D

F-A

sec

74

.73,

16%

M-S

F-A

100 VS

99%

M-S

(City of Greater) IVssS—1952
Queensland (State) extl 6s—
1947
A Rio de Janeiro (City of) 8s
1946
A Extl

70

73%

106

1960
1961

APrague

Rio Grande do

70

*104

1959

A Stabilization loan s
A4y2s assented

1

16

70
74

19%

—1958
f 7s_——-1947
1968
AExternal sink fund gold 8s
1950
A4y2s assented
1963
APorto Alegre (City of) 8s
1961
AExternal loan 7V2s——
1966
,

,

,70

.-73% '74

M-N
J-D
M-S

6s_—1940

(Rep of) gold
A 4 J/2s assented

5 A Poland

100%

42

■

,

A-O
A-O

73
72

ANat Loan extl s f 6s 2d ser

Feb

6s

assented

footnotes

M-N

1960

sinking fund
s

M-N

1942

,

(Rep of) external 7s

102% 102%

J-J

1942

.

71%

*100% 101%

J-J

f 7s

3

50%

108%

1967

s

•

74 %

1961

8s

93

•

72

—1944

External

88

*80

A-O

assented

AExternal

•

J-J

(City)

ARy external

wi.

>

A-O

1960

assented

AExternal

'

J-D

30-yr 4s

1952

(Rep)

.

M-N

2%s
25-year 3%s
7-year 2%s
30-year 3s
30-year 3s

A 7s

F-A

F-A

10-year

A Chile

40

33

M-S

5s

A Carlsbad

34

39%

f $ bonds

s

41%

38%

1975

(Dom of)

97%

36%

36

96%

97

36%

1976
.—1976

f 4Vi-43/4S

external

Canada

97%

96%

36%

1977

External readj 4%-4%s

96%
■,

39%

M-S

f 4%-4%s___

Refunding s f 4%-4%s

90

A-O

;

1963
1994

ANat loan extl s f 6s 1st ser

90
87

J-D

1961

stamped

External

39

—

;!

83%

1952
1957
1958
1950

Ry)

(City)

'

»

-

APeru

,,81%

79

.15

,

1957

f 6Vis of 1927

s

82 /

2

97%

1949

s

!!;

87.

81%

79%

1

■/

88%

79

31

90

M-N

98

86%

4

MS

45

97

45

J-J

External

(Rep)

Stamped assented 5s

Stamp mod 3 Vis ext to
Ext sec ref 3y2s series B
,_1967
APernambuco (State of) 7s———1947

16

42%

.': 22

-1956

of 1928—

16
..

"20

80%

A-O

-

2

,

87

External

(Central

45

t*.**

-1957

Belgium external 6Vis—

A7s

'

97%

M-S

AExternal

'

1972

—

A

.

97

5s of '25-1955

1927

of

5s

APanama

16%

■

•

-

97

,

15%

l

16%
—.

.

16

16

'i-—

1972

4%s—

loan

:

'

M-N

f external 4Vis

S

*15

'

'

J-D

_1948

S

*15

—.' ■'

70%

66

70

*51%

58

52%

52%

—

12

12

10

12

12

11

11

1

11

11

THE COMMERCIAL

VQlume »157,, Number, 4145
f:

,

f r

*

'■ ■ ^

< '• J

■;

;;

BONDS.*, }( >
New York Stock Exchange

Period

Friday

Interest

Week Ended Jan. 22

•

'

Wcck)sk Range
or Friday's

Last

§A5s series

i

I

•

..

t

J-D<
M-S

•

;

.

,

15

109%

109% 109%

2

108%

109%

M-N

102%

102'A 102 y4

1

101

102'A

Cart & Adii* 1st

.53%

48%

M-S

modified_..____-i.,_..
:_j._1950
A 5s income
:«1_.
,.__....__1950

.10,3%. 105

,•

.

108

—

108;f

•

*A_

t.

,108

; 5

<

i

;

A 1st

+• i-i

•

*44%

i,108 %

.94%

95

,

ARef St gen 5s series

95

95

,*92

94

•}

93%

74%
66

.,'

92%

93%
75%

74%

.

). ' 66

57

*63

3'As

...90%'

56

93% !

..1966

*;'; 53%;

"

11)62

49

-82 'A

208

-78%

'23

T04",

,104

104%

;

io8

M-N

Bdge & Term 5s 1964

107%

.

i

82% ;

'104%

.

,

Conv

67

<:i07%

108 Va

107 ;
A100%

109% "

'.14'

V

.

6i

t

102 .'

'

? 66%
■*100

•

69%

61

,51%
61

68

25

104% 105

104%

•

-

70

;

'

106*

103%

36

coll gold 4S

Atl Gulf & W I SS.coll.tr

Atlantic Refining deb

23%

26%

56

6%

8%

J-J

20'A

20%

18

20

21

Light 3%s

—.1966

7%

A-O

,24' "

8

J-J

—;1987

J-J

N J gen gold 5s_.

8

6'A

registered
4s——...

registered...

4s

2

105%

9

105

105%
105%

112

112%,

112'A 112%;

1^,.

11

109%

102% 102%
'.

90%,

302

J-D

63%

64%

• •_
.

3s...——ul953

f

78%

33%, v';32%

87%

•

.

16'A

' 24 '/a

11

108%

109%

*20

109

M-S

■58 V*

57

.

:

'

475

*85

287

79

55%':

58%

84

96

86

92%

33

96

131%

M-N

.104%

" 131'A

,131% 131%

10

131

103% 104%

40

102%

104%

103% 104

12

102

104

,

J-J

*106

J-J

*119

__

,119%

118%

118%

18%

,17%

18%

379

15%

18%

96%

96%

97%

89

92%

96%

96%
99%

10

94%

97%
96%

88

96%

10

J-J

*115'/a

A-O

J-J

..

'

96%
J-J

i 98%

98 Va

,,

99%

98

M-S

98

97'A

98

84

87%

348

81

87'A

69

F-A

971/4

87'A

,■

67%

69%

374

65

69'/a

75%

77'A

103

73%

77 y4

34%

35%

231

32

1

118

J-J

71%

70%

71%

60

66

71%

J-J

40%

,39%

40%

.48

38'A

40%

34%

35%

7

31'A

35%

22

31'A

33%

29%

3V/n

;

M-N

118

J-J

•

118

.

J-J

32%,

32 %

30%

30%

..

.

33

J-J

'

31%

7

.

35%
118

'

A 1st

30

& gen

M-N

8

•'7 'A

7%

■;.b%

14

J-J

5s series A—.—1966
series B_—._May l966

-A 1st & .gen 6s

70

69%

70%

17

66%

189

J-J

Chicago Ind St Sou 50-year 4si—1958

.

106

105%

90'/a

71%

86%

94

95

,F-A

1971

series A

83

39

79
58%

'

M-S

1977

5s

26

22 '/2

,

108% 109.
87% 90%

89%

-

: M-n

1—:__1958

West 1st 4s series A___1988
—2038
t A Chic Ind St Loiilsviile reif 6s A_.194T
A Refunding gold" 5s series B;_"..1947
ARefunding 4s series C_.„
..1947

*

100%' 101%

7

■ ■-

399

;; 76ya

F-A

AGen inc mtge,,4%s

.

:

24 Va

Chicago' Gt

.

78%

29%

A-

.1

105% ; "105% 105%

23%

21%.

73%

77

.33-33%

;3i

.

101% 101%

:

16%

71

35

64%

74%:

■

.70

30

29%

'■r..

1,380

F-A

90%

.63

.

189

33%

23%

15

J-J

102%. 103

117

76

78

M-N
J-J
J-J
J-J
MS

.

5s...—1959

64

,

18'A

21%

V

221/2

.__.__.1949

1st & ref

'

.

1,337

73%

—1997
Chicago & Erie 1st gold 5s.—....1982

102%

:.:i

88%

26

.

'

'

f

Chicago" & Easterir 111 RR^—
AGen mtge inc (conv).—

109%

102%

*102%. 103
102%

23

22%

'

'%"•

A-O

72

25'%

A-O

'1948'

1st & ref 4%s series B_—
■

111% 112%

*1097/a

registered..

General 4s

*100

■•*.'

73%
'

F-A

.

110% -110%

'

'-'
1

Illinois Division 4s...—..__—.1949

97%

95%

49

*112%

J-J
M-S

.

97%

■**nor8'^"

J-J

1987
..1987

„

109

105% 105%

J-J

„

.

Oct 1952

—

96%

,

109

105% 105 %

Af-S
J-D

:—1944

Atlantic & Danville Ry 1st 4s.,....1948
Second mortgage. 4s-..:
......1948

97%

:

111% 114%
."!

k
.

J-J

Atlantic. Coast 1st. cons 4s_.__JuIy 1952
General, unified 4 Yas A
,...1964
L & N

138

8%

40

.

!

•,)103% 105

39

114%

J-D

-

1946
1944

-

1st 30-year 5s series B

,113

J-D

Cal-Ariz 1st & ref 4»/as A—.—1962
Atl & Charl A L 1st 4l/aS A

114

M-N
J-D

,Conv gold 4s of 1910_....._..*.1960
Trans-Con Short L 1st 4s_......1958

Atl Knox & Nor 1st gold 5s

72

26%

7%

33

35

Chesapeake & Ohio" Ry—
General gold 4'%s
—,._J
—1992
Ref & impt mtge 3'%s D
,___._1996 '
^Ref & impt M 3%s series Ex_J..1896
Potts Ci;eek Br 1st 4s
—,—..1946
R & A Div 1st cons gold 4S—
1989
2d consol gold 4s
—1989
iAChicago ,& Alton RR ref 3s_.___.1949
Chicago Burlington & Quiricy RR—
Illinois division 3'%s——
.1949
;
3'%S registered-.——...
.1949

,

98%;, -99%

28

Nov

...1955

1905_—__

68%

.107% 108%

n.

-

104% 106'

A-O "j

'

.

.

—1995
..:„_.1995
...1955

gold 4s of 1909—*

Conv 4s of

30%

53

17

Certain-teed Prod 5%s A.._.;.

229

.

; 101% 102"'
A; 99 - 99%
58

.104

104%

,

......1995

5

71%

25

25%
.>7%

,,

32

69%

40

,,

Adjustment gold 4s___,
Stamped 48...
......

100 Va

32.

71%

A-O

..1987
Central N Y Power 3%s—.____1962
Central Pacific 1st ref gtd gold 48.1949
/Through Short L 1st gtd 4s.—>.1954
Guaranteed gold* 5s—.v—1969
§ ACent ral RR & Bank'g of Ga 5s__1942

*

M-S
F-A
/-J

-

(Del) 4s B
——1955
1st sink fund 4s series C (Del) .1957

General 4s..

103%

98

37

AGeneral

35

108% 109%

,

"'6i./

"Q-J

fcAnn Arbor 1st gold 4s——.—.1995

■"

Wp*

102%

J-D

5s

'

*ii"

107% 108'/a3

•

109

t

,\102

Jan

"

107

,

.36

108 VB 108%

M-N

Armour & Co

Atchison; Topeka & Santa Fe—

44

A-O

1

"

108%

A"®

•

Nitrate deb—1967

Ark & Memphis Ry

38

100 Ve

t

.

•
.

103%

99

•'ioo1

F-4

j A Central of

vi03%104

11

,

107%

.

79%

81%

,"ioi%

A-O
J-D
'MS

Am Wat Wks & Elec, 6s series A.*.1975
A Anglo-Chilean

jJ-D.

,

1

48'A

103

;

1

jACent New Eng 1st gtd 4s—.1961

58
.62

62

'

1956

3s_*___

.

J-D

C__.—.....1959

Central Illinois

'70 ,'..75% '
•' 60%
66%

,

,

*

104'% 104%"

'

1961

debentures—.1...

107

107
'V*

/-J

Telegraph Co.—

debentures—

;

\\

'/ M-N

Am Internet Corp conv S'/aS—...1949

'3s conv

103% 104

,103%

F-A
,M-S
M-S

-

-.1952

Am & Foreign Pow deb 5s...*—.2030
AmerT G Chem conv 5'/2s_
.—1949

Amer Tobacco CO deb

66%

AChatt Div pur money gold 4s._1951
AMobile Div 1st gold 5s—.
1946

'

r-

295,
:
75
; 53

66%
58
65%.

57

%

"A-O

Allied Stores Corp i'/aS debs—.1951

debentures....

*._

J-J

,

.§ A Consol gold $s
ARef( & gen 5%s series B..—A-1959

;
'

62

62

94%

,

162

63%

62

69%

'

—.1962

''
^,—Nov 1945.
!iu—
—1945

mtge 5s

*68

F-A

■

1.948

:2.<

,:

4s

3'As

gtd, gold ,4s..,.,——*1981

ACent. Branch U P 1st gold 4s
^Central of Georgia Ry—• "
1

103% 103%

<

A-O
A-O

Alleghany & West 1st gtd 4s*—.—1998

American Telephone &

,

1947

•

J-D
1

5s

Allis-Chalmers Mfg conv 4s

High

J-J

1965

Carriers & Gen Corp 5s w w—..*..1950

71%

70%.

t

53%

,

*102%

F-A

.

.1949

—

Low

No.

;

_1944

modified

,

J-D
J-J
A-O

,

.

modifled_„.__

Range Since
January 1

Sold

High

1949

Celanese Corp 3%s debs..

/

11

A-O
A-O

5s

Low

Celotex Coip deb 4MjS w w_—

A-O

5s

Bonds

Bid & Asked

High

*103'/a'

..1948

.

,52

—

J-D

Albany & Susquehanna RR 3'/aS._;.1946
3'/as registered
_.
.1946
Alleghany Corp—.

warrants

Range"

Friday's

or

■

Period

*102

F-A

__.:__1943
Alabama Power 1st,,mtge ;3'/2s.,
1972
Albany, Perfor Wrap Pap 6s-^*,.^-.1948
with

.'. Last

Interest

•1

*102

J-D
,

.

assented-

*73 %

J-D.

1947

-

10-year deb 4y4s> stampedw*^*«_-;1946
Gt Southern 1st cons'A 5s'...1943

6s

Low

*

■

,

Ala

series B

No,

Week's

Jfrlday

Stock Exchange

Week Ended Jan. 22

Carolina Clinch & Ohio 4s:

Adams Express coll tr gold 4s_

1st cons 4s

High

BONDS

.«

New York

-

ISACarolina Central 1st gtd 4s

A unstamped____..:_1953

j Coll trust 4s of 1907

.Range Since
January 1

Sold

Companies

,AStamped'^T.uuL-«'k.-<_-v^-'-j-1953
1948

■ ■

;
Bonds

Sale Price Bid & Asked
Low

iAbitibi Power & Paper-—

321

NEW YORK BOND RECORD

i

■

Railroad and Industrial

FINANCIAL CHRONICLE

B%

6%

63
,

8%

6%

8%
70%

^Chicago Milwaukee & St Paul—
——May 11989

J-J

44%'

44

45%

43%

46'A

"' AGen gold 3 %s series B"—May 11989
AGen ^Mjs series C~——May 11989

J-J

41%

40%

42

16

40'/a

42%

J-J

46

44%

46%

128

44'A

47

May 11989

J-J

46%

45

46%

85

45

46%

series F—May 11989

J-J

46%

46'A

46'/a

59

45'A

47'A

F-A

20

19%

20%

1,211

18'A

20%

5%

967

4'/a

5%

76

32%

61

30%

4s. series. A

AGen
;

.

'

B
Baltimore

AGen

Istmtge gold 4a._——...July 1948
Stamped modified bonds—
1st mtge gold "(int at 4% to
Oct 1 1946) due....—July 1948
Ref St gen ser
Dec 1 1946)

-64%

A-O

61%

"

63%

J-D

{

36%

,

^

'(

39%

,

r M-S

36%
27'A

26

56%

:-; 54%

;

2; „■

.

45

^

'

gold 3%s—1951

i*x-

64%

598'

'

;A

56%
45

.

51

'•

64'A

:i

*. 52

!'56%

*44

104»A'

100

~r,

104'%

>

■■

82%

•:

; 82%

129%

130 'A

/' 99%

r

100

■

•

2

101'A

101,

-

103

,

i

M-N
J-D
* M-N
F-A
J-D

.

;

*78

100%-101 y4/ j
102% 103'
V

11

79%

80

78

;

*93.
*70
;

-■.■■
r

75%
25

75%

44%

240

24%

25

73%

123

43'A

'

JBurlington Cedar Rap 8c Nor—
§ A 1st & coll 5s
;
—1934
A-O
A Certificates of deposit
——Bush Terminal 1st 4s——-—-.1952
Consolidated 5s—
—1955
" J-J

M-N

36%
37

r;' 4

*85

.

■S

104% 105

M-N

1969

84%

109%

84

'

;

25%

25%

J-D
..

23 Va

22%

25%

24

25%

115

23

25 V2

M-N

104%

44

83%

—

105

86%

99

,

114

100%

115%

.

37

15%

12%

14%

79

39

,

15%
:14%

22

63%

37

80

80 y2

11%

225.

.81%

61%

63%

35%

524

12
81

2

.

.108%
112%

-

108% 108%
80

1

•

Chicago St L & New Orleans 5s—, ..1951
:• Gold'. 3%s—
..1951
._1951

Memphis Div 1st gold 4s

Chic T H, & Southeastern 1st 5s_, .^1960

guaranteed, 5s,___;Dec 11960
ACertificates of deposit—,—
Chicago Union Station—
;
1st mtge 3%s series E__«—.... .1963
Income

..1st intge 3y»s series Fl
Chic St West Indiana com 4s

Debenture

J-D

1st mtge 3'%s^---———:

100%

97%
99%

For

footnotes

see

page




324.

54

:

66

*..*■

.....

.

5

53%

9-

54

62 y2

66

49

28

52%

,

.

107% 108%,
*
.

39

107%

108%

100% 100%
96% 98'A

19

100

100'A

99

98%

99%

51%

/

55

94%

149

98'A

97

A-O
M-N

:

:

51%

,

99%

25

50%

63

40%

40

40%
."

42

19

31%

32%

33

28%

108% 108%

32%

F-A

30

108'%

43

32%
108%

,

>111

J-D
M-N

109'/a 109%

F-A

111

111

"5

109 %

110

109%

;

1

111

i

'

76%

76

76%

85%

85%

9

85%

85%

■50%

48

50%

803

46%

50%

J-J

48%

47%

48%*

39%

M-N

69

15%

.11

/

.14%

81

81'%

58

•

77

63%
80'%

—1993

1st coll tr gold 4s

Cleveland Elec Ilium 3s

...

Cleveland & Pittsburgh RR—
Series C 3y2s gtd
Series

D

—1P90
.1970

,^1948

3%s gtd.——..

^—1950
1977
Gen & ref 4%s series B——
1981

General 4%s series A_——

J-J

92 y8

108%

1st gtd 4s—*——1945
f 5sJ——.1943
/5s income mtge—
—1970
AColo & South,'4%s series,A
—1980

1123%

110%

111%

Columbus

112

113%

Columbus & Tol

74 %

101 % 102

.

8
55

71%

74%

33

100%

102

6

104%

104%

97%

98%

16

85 %

98 »A

92 y.

93

11

91

93

1

A Commercial

Income

deb

1st extl 4s

48%
*

69 Va

107'A

73%'
78

17

75 "a

68'A

67%

68%

72

64%

68 %

62%

62

62%

50

59%

62%

99%

*99%
85%
26

85%

4

25

26%

169

78

100

80

85%

24%

26%

26'A

92%'

91

94 %

95%

38

95

94%,

A-O

J-J

73%
:

25'A

*25%

M-N"

71

*103%

J-D

F-A
A-O
M-N

16

72%
77%

77%

95 y4

3

f-3

95 V4

90 Vb

91%

103

88

91%

1

112%

112%

11

108'A

108%

:1970

M-S

112% 112%
108% 108%

—1955

St Sou Ohio El 3'As.

65

106%

*105

J-J

of

deposit—,—________
May 1952
Debenture 5s—
—Apr 15 1952
Debenture-5s__
1961
Columbus & H V 1st extl gold 4s—1948
ACertificates

Columbia G & E deb 5s

.

*105

A-O

Colo Fuel.&'Iron gen s

4

46

*105'/a 107%

f 4'%s series C—....—..—1977

111%

113%

81%

76%

*106

1973

s

..•15

F-A

A-O

114%

79

71

12

107%

M-N

A-O

gtd 4%s

■

F-A

A-O

114

114%

104% 104%

97%

108%

52

69%

69

107

J-J

1961

11

73'/a

74

101%

J-J
J-D

,

75

.85%

113%

13

1960

5%

70

J-D

113%

*115% 115%

54

trust ,4%s

21%
24

4 Va

J-J

115%

113

Collateral

3

52%.

*42

;

,

J-D

113%

•

110% 111%

1954

240

67

54

108%

.—1967

General 5a series B

7

115% 115%

115%

114

M-S

5%

20'A

"

109

114%

J-J

36%

19

555

51%

(•

J-J

3%s series E—.1969
Cleve Cin Chic & St Louis Ry— J
.
■
General,gold. 4s^
——1993.

108'%

112% 112%

■

,37%;

31V*

65%

J-D
J-D

M-S

J-J

1st mtge gtd

17

108% 109

113%

1944

33%

2

1*742

75

*60%

J-J

Cin Union. Term 1st. gtd 3'%S Di._1971

112%

110%

1946

72

JrD

,.1963

—!_1957

5S.J..UU—:

111%

J-D

deb stk perpetual

623

21%
23%

,

4%;

5'A

.1952

...

t AChoctaw Ok & Gulf cons 5s
..1952
Cincinnati Gas & Elec 3'As——1966

3

112%

4%

48'A

;.;■ 15

37%

_Jf-N

112% 112%

J-J

equipment trust ctfs
Cell trust, gold ,5s

4%

4

47%

35

..I960

A Cony gold 4%s—

57

F-A
MS

5s

35

22

81%

1951

Coll-trust .4%s

516

4%

48

Ref & impt 4'%s series E__i._i._i;^1977

19

100%

1946

Can Pac Ry

•

47%

23'/a

St L Div

38%

" F-A

1956

4%

4%,

Ciri Wab 81 M Div 1st 4s—-—^1991

100

*114% 115%

gold 4%s
1.
gold 4%s._^
j.

Guaranteed

-

.M-S

ad.

104'% 105%'

Canadian Northern Ry deb 6%s

Guaranteed

44%'

110
399

76%

23

86

*110%

J-J

Guaranteed gold 5s
___1970
Guaranteed gold 4%s—....„.__1955

39%

25%

25%

A-O

'

100%

A-O
A-O
J-J
~ A-O

135

44% '

38%
36%

24%

35

Coal River Ry

Oct

42

38'A

33%
35%

24

-§ ASecured 4 '%S series Aj...—^: ..1952

1st

July 1969

34

261

40.

20%

1st s f 5s series B gtd

gold 5s

43%

28

■:

37'A

25%

Cleve Union Term gtd 5'%s—.—1972

Guaranteed

38%

37%
34%

33%

11

38%

*37

.ACertificates: of .depositj—^

Cleve Short Line .1st

1957

33%

33'A
32

2

25

Chijds Co deb 5s——.......—.—1943

30
.

'

85%

35

J-D

M-S

25

21%

108%

-

85%

104 % 104%

" A-O

A

•

175

J-D

1st St ref 4'As series D-.-—.-.1962

'

104%

36

36%

1

M-N,

20%

39% 1:44%
r,

35

"108% 109%

,

37

-

78

.

75 ;.

.43%-

34%

35

M-N
•

93%

92%.

:-947/8

34%

IXo

*

;;

M-N

^1960

*.

lr,

" ""

J

*102%;

F-A
MS
M-N

104'A

104

37%:

9ARefunding gold 4s_—,—— "Il934

'

102%'103

:K J-D

/

,

103% 104%

20

33%

35%

37

'*■

99%

98'A

35

32%

M-N

J-J

1

1.

9';,

104-104

F-A

—July 1970
1st 4s.——1955

34%

33%
1

48

104'A "

16

*99%

103% 104%

'

A-O
.<* J-J
M-N
F-A
M-N
F-A
M-N

:

F-A'

.

103%

....

JJ—k-1961
series RR
—1960

:

'

.

64% '

'

J-J

1st gold 4%s series

*36'A

$ A Chic R I & Pac Ry gen 4s._— -.1988

/

65

.

9

'

100

99%
•

/,

;//'--v

J-D

v

34%

;33%

M-N.
M-N

u

AConv 43%s series A-—.—... 1949

'

■■

82%

104

A-O

•;

■

''

"

82%

'.' t-

59%
60 /

,

17

:
"

A-O

Big Sandy 1st mtge 4s.
.—1944
Blaw Knox 1st mtge 3 %s——1950
Boston & Maine 1st 5s A CI——1967
1st M 5s series II——1——...i.-1955

Canadian National gold 4%s
Guaranteed gold 5s

5

*

-

:

51%

46

65

130% 130 y4

r-A

!

■"■;

.

"46% .:

•10%

50

64%

A-O

2%sj..j——1950
2%s debentures.i.————1956
Beth Steel 3%s conv debs—.——1952
Consol mtge 3%s series F_.——1959
Con sol mtge 3s series G.*_.——1960
Consol mtge 3'As series H——1965

;

A v.,

'

163

'

Beneficial Indus Loan

36%

'27%'

M-N
M-N

.

—1987
AStpd 4s n p Fed inc* tax.—.1987
.AGem4%s stpd Fed inc tax.j—1987
1
AGen 5s stpd Fed inc tax.—...1987
t
A4%s stamped—-i—.1987
§ASecured 6'/2S——1936
Alst & ref gold 5s—
.May 12037
A 1st 81 ref 4%s stpd.—..May 1 2037
;Alst & ref.4%s C.
May 1 2037

•

.'

32%

'■

j

36%,

24%

,

145

J

63%

:

's

J-J

Bell Telep of Pa 5s series B———1948
1st & ref 5s series C_—^.—.1960

California-Oregon-Power 4si_j—v.1966
Canada Southern cons gtd 5s A...1962

5

IJAChicago Railways 1st 5s stpd,
;25% part paid—,—.—1927

A-O

Bldgs' 5s gtd

A-O

.^..—^1987'

AGeneral 4s._—.—
4s registered

^,

40

32%(

403

27%

48%

50

J-D

Bush Term

236

36%
"

43%-

•

J-J

Battle Creek St Sturgia 1st gtd 3S..1989

Bklyn Edison cons M. 3%S———-,-1966,
Bklyn Union El 1st gold 5s——1950
Bklyn Union Gas 1st cons gold 5s_1945
1st lien & ref 3s series A.:
.1947
Debenture gold 5s——
...1950
1st lien & ref 5s series Ba._——1957*
Buffalo Gen Elec 4%s B——r1981
Buffalo Niag Elec 3 %s series C.—1967
Buffalo Rochester & Pgh Ry— •
*
Stamped modified
(interest at
3% to 1946) due.
—1957

...

^Chicago St North Western Ry—
AGeneral3 gold ;3y2S_
i
.1987
3'%s registered.
.^.^.1987

1

J-J

^.1951

4'/2S ser A

:

'

J-J
3-J

stamped—.———-1951.

Alnc mtge

35%

,

.

M-N

/,■.-;; •■i'V.".

Con ref 4s.

33% "36%*

r

Pgh li E St W Va System—
Ref gold 4s extended td--—1951.
S'west Div 1st M (int at 3%%•
to Jan 1 1947) due.——.1950

1st intge 4s

i

\:.32%\ 36%

-206

40 ■"

33%

F-A

f A Boston & N Y Air L

356

36%

37%

due—-Feb 1 1960,

Beech Creek, extl 1st,

65

gold 5s series A
1975
ACouv adjustment 5s__;__Jan 12000

"

36%

4s

59%

1% to

Toledo Cin Div ref 4a A——'—1959

•

47

65

33%

'

A M-S

Bangor & Aroostook: RR—

A Mtge

'

J-D

"

;

,

i

64%

——2000
Ref & gen ser F (int at 1% to
Sep I 1946) due—i-1996
AConv

64^2

*

,

.

Sep 1 1946) due

1

60'%

199

64%.

,

A (int at lft to ,
due—^—_—1995

Ref St gen ser D (int at

■

V;

series E__

tChic Mltw St PauL& Pac RR^~

I
A-O

*

Ref & gen ser C (int at IVsftto Dec 1 1946> due......;..1995

:

4%s

AGen

& Ohio RR—

F-A

95%

*111% 112%

A-O

112%

Mackay Corp—
w

w

:

-Apr 11969

May

57

54

57

16

54

59

Commonwealth Edison Co—
1st

mtge 3%s series I—
"Conv debs 3%s

...——

—1968
1958

J-D

110%

110% 110%

3

110%

110%

J-J

109%

109

109%

64

108%

109%

■r

THE COMMERCIAL & FINANCIAL CHRONICLE

322

Friday

BONDS

New York

Period

or

100'/a

High.

Range for

Ecw York "Stock Exchange

Interest

Sold

1942

Week Ended Jan. 22

Period

Low

No.

A-O

100%

j.j

*112

119

108

108

J-J

108

108

108

F-A

111

111

110% 111

104

5

■

3'/as

3'/as

debentures

debentures
:
Consolidated Oil conv
4s

A Debenture

4s

,

1st mtge 3V2S

5s

J-J

107

105% 105%

57

105%

105%

106% 107
107
107%

19

106%

107'A

19

106%

107%

104'A 104%

30

103%

104%

J-D

35%

J-J

34 %

35%

St:»LoUisrbiv

35%

35%

35%

3

33

35'/2

34

35%

9

.32

35

—i960

J.J

93%

94

27

92

96

15

IO8V4

109

23

109%

110'^i

M-N

109

108% 109

.1967

U-N

110

110

.1966

.1969

f debs—_——

Crucible Steel 3'As 8 f debs——

M-N

.1942

.

110% 111

107%

108%

107% 108'A
108 Va 108%

35%

Va

•

J-D

93'A

94

aiia

ACuba RR 1st 5s

1

38-

J-J

ADeposit

ADeposit

3830

5

36

J-D

36

36

28

28'A

J-D

"35

1

receipts
Co 3s

96%

97

17

1955

deb—

J

A 1st-&s
A

I"'

39

.
.

30 % ->

36

A-O

.

96%

12

•

-

'

98%

60%;

42

48%

48%

2

.47%

48%

50'/4

52

9

48%

52'A,

13

02%

64

176

47%
43'A

45%

52

63 %;

64

49%-

49

50

45%

44%

45%

85;

87%

12

26'/4

24

104% 104%
*101% 103
104
104

6

104%' to4%:

101%

102

2

103%

104

259

24%

*

MS

87%"

j«J

-

26'A

26
1

A-O
■•A-O
A-O

28%

A-O

;

27

•;

8V4

.9%

29

„

A-O

>

1

26%

105'A

38%
103

"9

F-A

96
>

J-J

„

146
57'

■

F-A'M-S

67%
/

70

1%'

1.

44^-"

-

103%
105%

92%

/ 2

95%

96

89

83 Va.

67%

223

66%.

71

.

*

71

68%

;

28

92%

"

67%

'

,■

104%

9%
96

•

66

'•

,■

„ri

.

Jtf-N

1972

23'A

"

9 3A

28

23%

,

M-S-

1947

58
40

;' 42.% 44 •- •
103V*
103:
105 V4 105%

:,;43V4

JrJ

.

"

28

27 %

1

29-

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27 Vi

27%
27

,

50

82
87%
24%
26%
108% 108 %

472

9%

'

J-J

lAtemat'-Hydro El deb
■ i-. 1944
InternaLPaper: 5a series Av& B—. 1947
^Ref isRik fund.6s:series/ A:
-j; 1955

*86

'

J-J

'-

•

;

"108%

■

J-J

1952
Telep & Telcgrdeb. gold .4
JDebentures:-5s^^-i._i-/™,i-,^__, 1955
tAldwa/Ceht Ry 1st, & ref ;4s——. 1951

85

*79

J-D

1952

Int

42%

-

64

1956-

i—

Ilit Ry3 Cent Anicr 1st 5s B,„„
>lst lien• Si\ref 6'As
^

97 '2

64 %

58

3

1956, *

1st gold 5s series C

28% 4

<

63%

41

42%

J-J "

28

27'A
27

-

series"

3

60%

J-D

4sI——u.

^Adjustment, 6s series A—July

f
%

64%

59%

F-A

-

^

44

63%

J-J

Inl4nti-Steel 1stintge^s,series F^. 1961
1952
Inspiration Cons. Copper . 4Sz
'
Iriterlakfe Iroti conv. deb 4s-i—
1947,
t AJntor^Great .Not 1st' 6s series A. 1952

37
27

-

42'A

42%

J-J

J Llnd. & Louisvillevlst gtd 4s---L. 1956
1988
Ry ,3'As.series

28 •

42

27

Curtis Publishing

94

60

203

85

J-J

1951.

Indi tinion

'33%

32%
27

20

39

.30%

Il946

extended to—.

93 Va

28

.1946

receipts—,

series B

.

High

56%

J-J

-

108 'A

3

32%
27'

30

receipts
A7'/as series A extended to__

15

66

94

32%

ADeposit

20

33

101% 101%

J-D

.

•

•

1913

Low

30

60
43 Va

43
"80

J-J

,

110%. 111'A
107%' 108%
108%
101%'- 101% :

15

27

receiptsgold-—.

Deposit

111

A-O

.1955

§ ACuba Northern Ry 1st 5%s__

-

U-N

,

.1950

s

110

U-N

.1970

_

Ciane Co 2'As

&:Term gold 3s

Iiid III & Iowa .'1st. gold
.1965

—

.*

No.

F-A

Gold 3'Asa—
;
-,-__i95l
iSprtngfieid Div "1st gold 3*As—,1951
Western Lines 1st "gold 4s,——1951
111 Cent
Chie.Bt L Si N o— '
J6int 1st ref 5s-series A——1963
lsfe'& ref 4V2S series C—-U--—l!963

35%'

31%.

J-J

——.

43%

J-D

,.

■J.J

mtge 3%s——i
1st mtge 3%s
—
1st mtge 3%s
:—
1st .mtge 3'/4S———4,

AOs

*7

.

1955

,

1st

A

106%

102%. 104.

Power Co—

Consumers

-,

105'/a

21

—1956

—.

-——

Consolidation Coal s f

104

A-O

g-AConsol Ry non-conv deb 4s—-—1954
A Debenture

104

A-O

1948
1956
,.—1958.
deb 3'As—1951

3'/as

58%

59%

F-A

•

A-O

;■—1946

debentures

M-N

(Refunding 5s_
19p5
40-year 4%s__^
__1966
; Cairo -Bridge,gold 4s„
L
__105p
Litchfield Div (1st gold 3s,--,
.1951
^Louisville Div Si Term gold 3l/aS~1953
Omaha Div 1st-gold 3s_i—
^1951

Consolidated Edisori of New York—

debentures—

Range for

Sold

High

Illinois Central RR—(Continued)

103

,

Bonds

Friday's

'

Conn River Power s f 3%s A——1961

3'As

or

Low

100 '/a

Conn Ry & L 1st &

100 % 100%

Week's Range

,

Last

Sale price Bid & Asked

High

Conn & Pasump

•

FHday

Bonds

Friday's

Sale Price Bid & Asked

Low

Riv 1st- As.;—,—1943
ref 4%s—,—-1951
Stamped gtd 4 %s
—1951

BONDS

Week's Range

Last

Interest

Exchange

Stock

Week Elided Jan. 22

Monday, January 25, 1943

174-

2%

!

*1%

-

.

2%

D
'

'

A

r*.*

k

Dayton P & L 1st mtge 38..^—-1970
Dayton Union Ry 3'As series B___1965
Delaware & Hudson 1st & ref 4s—1943
Light 1st 4%s__1971

Delaware Power k

J-J

106%

:

M-N
J-J

-1969

1st mortgage 4VaS——
—.—1969
tSAUen & R G 1st cons gold 4s—1936
SAConsol gold 4*As
a.:
.—1936
*ADenv Si R G W gen 5s-,—;-Aug 1955

56%

57%

A

Ref

A

4'As

*

Assented

J* J

24

J-J

■;

8%

1995

,

105

J-D

37-

22%
3%

245

196

7%

.

8Va

Dui Miss & Iron Range Ry 3%s ,—1962
4§ADul Sou Shore & Atl gold 5s. —1937
—1965
Duquesne Light 1st M 3%s

,

A-O

8'As
89 '

6%

111%

112%

l04% 105%

43

4Q

102% 103

106%

106% 106%
24 Va
25%

109% 110

40'

26

26/

32

87%,

102*4' 403

24
J

106% 106%V

6

23

14

2334

.1948

.1956

A-O
U-N

.1995

J-J

Auto-Lite 2'As debs

.1950

J-D

101

JOl'A

29

100%

101%-

Elgin Joliet & East Ry 3%s—

.1970

MS

1023i 102%

2

102'A

El Paso & S W 1st 5s—a—a.

.1965

A-O

.1965

A-O

107

107

.1995

AGen mtge

inc 4'As series A_

,2015
.1947

103

U-S

70%

65

65

J-J

94%

95%
57%

J-J

deb_,_
tAFla Central St Peninsular 5s-i

1961

56%

"106%

1943

J-J

JFlor.da East Coast 1st 4'As.

1959

J-D

of

1974

—.

X

deposit

64

65

65

100%

A Certificates

of

02%

95%

207

55 »A

57 JA

,UU*^V

10

-MS

"23%

23

81

24%

76%

*

.295

19%

24%
20»4

U-N

4%

J-D

1956

M-N

—1949

Castings 5'As—— —1949
Oct 1 1945:

Ry 5s

j$AGa Caro & Nor 1st ext 6s—
Goodrich (B F) 1st 4%s„.

-1934

»

—

Gotham

-1956

-1946
Hosiery deb 5s w w
1st gtd 5s__— —1947
—

Grays Point Term

Northern 4'AS series A—

Great

80%

4%

8

.14%^
81

4'A

.l'

11

4%

80%

,

General 5s series C__i.

•

Gen

AGreen Bay &

J-J

West deb ctfs A_

36 Vo

44

30

:

'

48

106%

105%

99%

J-J
J-J

92'A

95

73

83'A

87%.

58

83%

102

99'A

99%

99%

51

80%

J-J

99%
79'A

80%

202

'

a-o

■

.

Z-

F-A

88:1

r-A

•

.

88 Va

Debentures

ctfs

—

Feb

"64%

.1——„—

B

Feb

10%

106'A.

99

99%

75%

80%

65
20

65

10%

15

90

89'A

90

67

87%

73

72

73

24-

AGen mtge inc 5s series A

69%

J-J

56

56

57

32

54

57

Gulf

&

1st

Ship Island RR—

&

ref

Term

Gulf States Steel

M 5s

stpd—1952
—1961

Gulf States Util 3'As «eries D—1969

J-J

Little

J-D

103

Miami

gen

Dec

.

110

16

110

3

Hoe

(R)

Co

1st mtge—

t§ AHousatonic
Houston

Oil

1944

>

Hudson

Coal
Co

1st

Gas

f 5s series

s

1st

gold

U-N

102'A

'

A

,1962

J-D
F-A

47%

A-O

1951

_

1st gold 3%s.
1st

69

41%

41%

43

"117'A 120

80

lines
trust

footnotes

1951

see

page




85%

,12

83'A

85 Vat

81%

: 5

CO

81%

57

13

52

89

57

81

25

78

81

79 %

4

75

79%

95'A

23

94%

95'A

89%

18

87

89%

/

*84%

F-A

*65

69

:

44%'

X.X
4

86

46

88

86

71%

16

67'A

70

10

69

68

681A

72%

68

68 VA

F-A

45%'

44 %

j-j

59%

58%

46
59%

34

125
61

44

47

52%

59%

171

29%

35%'X

22

28%

32%

241

32%

36%

33

34%

32%

31'A

32%

M-N

35'A

34'A

36

34

34

31%

34

M-N

39%

38

39%

87

35%

30%

60%

17

55%

60%

M-N

;;?•

39%

60%

A-O

115

A-O

2

115

r:

106 Va 107'A

115

115' //;,

9

105'A

107%

109% 109%

15

109%

10934

15

121%

121%

33

98%

99%

58

98'A

"99%

—

*104

F.-A

99

99

99

99

M-S

99

*98%

M-S

"5s

(P) CO deb 7s———

debenture—I—

1st 5s series A_. -1969

110

110

%

98%

99%

99'A
99

:

78'A

83 Va

109%

100%
104 'A

103 "A 104

MS

A.

.2003

A-O

C—-—

.2003

A-O

97

.2003

A-O

90%

.2003

a-o

86%.

Unif mtge 3'As series, A fext—.
Unif mtge 4s series B ext

.1950

J-J

25

103%

104

97

58

94 »A

97

9

88 Va

91'A

104 Va 104

96

Va.

91'A
86%
104% 104%
89%
85%

104 Va

J-J

*108%

.1946

F-A

.1980

MS

:i945

U-S

.1952

J-J

Cine Div 4s—;—

.1955

M-N

97
5

*104%-105

gold 3s——.
-Mob & Montg 1st gold 4%s_—
South Ry joint monon 4s—.

—

Atl Knox

&

.1960

121'A

104

83%

*109%

U-S

1st, &%-ef 4'As series

110

121V4
68

110

"2

82'/2

82%

J-J

-1945

Louisville & Nashville RR—
1st kh'ef 5s series B—

5

110

*121 'A

-1966

Bridge Co gtd 4s—

*80 Va

85

103%
108'A
103

—

87

104%
108 Va
105

78%

82

80

04

95%.

*105% 110'A
95,

95 %

95%

24

110

*110

110

M
1945.

Maine Central RR 4s series A46%

48'A

234

19%

22%

86%

87%

17

84%'

87%

J-D

48'A

47%

48 'A

34

47'A

49 Vi

M-N

52'A

51%

52%

25

49%

52%

j-D

87%

.

1

.4'As series A-/-——1960
Sugar 4s sink fund„Feb 11957
AManila Eiec RR & Lt s f 5s
1953
Manila BR (South Lines) 4s_
1959
Gen. mtge

Manati

M-S

*32

M-N

*21%

J-J

*39

A-O

*99

A-O

*99

69

JgAManitowoc Green Bay & NorthJ-J

102

101% 102

101%

102;

J-J

98

98

'western

A-O

53 Vt

52 V

54

M-N

50%

49%

50%

J-J

45

44

45

U-N

50

49%

98

*86%

I_ZZZIl952

98

1st

——-1941

gtd'3%s

Steam

Stamped

Shovel

s

f 6s

1947

—

94

§AMarket

series A__Apr 1940

3%sL-

1956

J-J

1960
1950
193'8

M-S

39

39

102

103

102%

Q-A

McCrory Stores deb 3'A——

_1945
1955

Q-A

65

86%

-

50%

49

294
16

105

St

Ry '7s

(Stamped .mod), ext 5s—:

51%

54%

McKesson

47

50%

Metrop Ed 1st 4%s.series D

43%

45

Merop ,Wat- Sbw &

46%

50%

&

Robbins

fSAMet W Side El.

Drain 5%s
iChici 4s

91"%

A-O
F-A

91'A

105'A 105'A

A-O

107

107

107'A

111'A 111'A
90

,

2

121 % 121%

F-A

43'A,

:

22%

5

324.

100%

89 *a

82

21 »A

M-S

~ ~1955

99%

86

.-1951

100'A

93

A-O

3%sIIIIIII~II~i952
4s
IIIIl953

39

*64

104

48'A

J-J

sold

87'A

88

88

F-A

A-O

.

127

47%

1951

3%s

Refunding 4s

For

103%

HIl951

^

gold

1st gold 3s sterling—,
Collateral trust gold 4s
Purchased

3

'

87

9

F-A

-1944

Marion

1st gold 4s

Col'aferal

05%

,

16

22

2%s series A—1981

•127
,

99%

22

88%

*100

M-s

Lorillard

110'A

82

42

U-N

1957

A-

Illinois Central RR—

Extended

81'A

100'A

13

88 *A

95'A

a-o

U-S

A-O

103%

110

103% 104

1949

5s

129

"983;» 100

M-N

5s

1st

AAdj income 5s

Telen

,"127
81%

Reb 1957

Manhattan

Illinois Bell

A-O

5sIIIl937

gold

r 1%

80

81

to..i——. .-1950

St Louis Div 2d

J-J

1954

cons

4'As debs

Hudson

Hudson &

Ry

1999

.

102

i%

79

j-j

j-j

A—.— -1949
.Guaranteed ref gojd 4s_——. -1949
;4s stamped---/"——1-——. -1949

Lou &" Jeff

H
Hocking Valley Ry 1st 4'As—

106%

101 %
:

107

105%

28

55

As: series A—. -1962

Long Dock Co 3%s ext

'1st &"ref 4s series D

102'A 103

M-N

105

107

81%

i-

M-N

Lbng, Island unified '4s

"95

A-O

105
10,

85 %

J-D

•

.

,

f 4%s

s

"

86%

"93 Va

'

Louisville Gas & Elec 3'As-

73

-2015

A-O

.

99% 100

109%

.

90

J-.1

1950

46

.

88

100

j-j

1st &' ref 3%s series E——.

93

A-O

,-1975

& Nor 1st 5'As B——1950

85%

93'

92%

1st mtge 5s series C
Gulf Mobile & Ohio 4s series B.

9%
91%

Gulf Mob

46

87%

107'A

Louisiana k Ark

70

10%

111%

111%

99% 100'A

."'

Paducah & Mem Div 4s

A

65
74'A

.

,

J-J

5

2

*1%

J-J

100%'

100

'

1

109%

2"

.

85%

101% 101%

101%

A-O

87%

6

62%

69%
109 *

109'A

87-%

86'A

RR--

,5s ^debenture---"——— —1951

75

87%

46
•

106% 106%

Libby McNeil & Libby 4s—- ,—1955

99% 100'A

87%

J-,/

105

"105%

Liggett fc "Myers Tdbacco 7s--—. —1944

105% 106'A
94% 95
86%
87%

102%

Jvalley

st4mped. modified—-—. i—2003
4s-:iegistered—A-—-J,—-, —2003
.—2003
4'As ^tamped modified-1-—
..4%$ registered———i—-I. —2003
4s

stamped modified.-—1_— —2003
Leh Val" Term Ry' ext 5s
L— —1951
Lex & East 1st 50-yr 5s gtd—— —1965

107%

99 Va

109

'

"107

—1974

'5s

36%

2

99%

"109

J-J

-1967

21'A

99'A

.,,,1946

mtge 3%s series X.i

99'A

19

"94%

J-J

-1946

98

42

106%- 107'A:

.

J-D

1—1977

mtge 4s series H—,.—..

Gen

106%

AT-S

28

21'A

34%

J-D

98%

19%

J-J

—1973

series G.

89'A

*l70«/4 174 :

-•-1964

i—.

stariiped_i_'

5s

31

98
-

-20%

; —1976

General 4'As series D—:

mtge 4s

98

J-J

sink fund 58——LL.

Leh Val Harbor. Tel-m gtd 5s__-. —1954
Ltehigh Valley N ,Y 4'As ext—. —1950

■4%
4%'
102% 102 Va

'■7

"116

J-J

—1952

General 4'As series E

70%

"82

-1954

r5s'kanxped.

'

.

102'A 102.'/a

J-D

—1961

General 5 %s series B—

General

:

m-S

-1964

Sit
tinV
•1st & ref, sink fund 5s---—-,-. ,.-1974

-■

Steel

87%

■

61

82

83%

M-S

-A- —1954

'

1st & jref

■

t AGeorgia & Ala

96'A

61%

25

46

u-1944

is V- &, * rethink * f u rid 5si rsc
"5s «,innmpd'' v J
jita mped_—

81

20

.

,4%

Gas & Elec of Berg Co cons 5s

86

28

111% 111%

M-S

„4%s series C——1954

Lfetugh Valley Coal Co
-5s
stamped.

100%

09

Lehigh

Gen

'

A-O

—1975

IHU^V

Cons sink fund

-

—

77%

1956

Corp 3s -debs—Francisco Sugar coli trust 6s

1

259

74'/4

J-J

—1997

Lehigh k New-Eng RR 4s-A-—'—1965

48

.65

72%

J-J

Lbhighr Coal & Nav b f. 4'As A——1954 A
■

"75'A

deposit

Food Machinery

■x.:

109%. 109%

J-J

,..1997; *

3%s registered—r—

...

—

100'A 100%

64'A
/

72%
109%

JTJ

extended, at. 3%w toi——— -.1947

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j

230

.

claim) ——1982

(Proof of

94 l '•

,

70%

6

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I
-..1945

-

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69'A

J- J/

...1953

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Certificates

87%
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a

k

J-J

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107.
v

41

95%
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J-J

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66'A

M-N

.1971

70%

J-J

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a 1st

68

68

A-O

LaUtarO" Nitrate Co Ltdr

Firestone Tire & Rub 3s

16

19

;

96 Vi

67%

a-o

impt

-145

stamped
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1st cons id 4s series B

mtge 3%s_

50

95

67%

104%

107

104 '/a 104 Va

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A-o

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;i96i
Kings County El L & P 6s_*; 4-1—jl-1997
Kings Co Lighting ,1st 5s-i
i_l954.
ilst ■&> ref :6%sJl__—_!-•—1-—1954
Koppeis Co. 1st mtge 3M»8-vw
;—1961-'
Kresge Foundation
notes-——1950
fAKreuger & Toll 5s ctfs
—1959

102%'

Div

96 Yi

110%

109%

El III (NY) 1st cons gold 5s.

Ohio

49%

j-j

5s^A.—-._i.^—Apr 1950
Kansas' City; .Term Ast As-i.------i.l960
K,entiicky Central, gold 4si"__i------1937 !
Kentucky" & .Ind^ Term.
1961
-Stamped L—
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1961'.'
v

,

85%

i

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110

,

J-J

-

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East Tend Va Si Ga Div 1st 5s.

5S

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—J1961

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4%

:

Elec

--V1959;

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A Certificates'\of .deposit,.—

20%

89

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32

103

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U-S

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25. '

197

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M-N

,—1950

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•: a*

,

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111%
105% 105%

J-D

4s

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20%

89

J-D

—1995
gold 4s
4.
Detroit Term & Tunnel 4%s—„ ,—1961

gold

507

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u-s

A Second

'

1st

'

mtge 3'As series G ,—1966
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•

-

,

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Jones-

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•

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1965

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372

58

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.

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(subject to plan)

impt 5s series B—-Apr 1978

&

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J-J

ref

&

15

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2

105'A

105'A

17

108%

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111%

112

4

44

84

90

*

Friday

BONDS
New

Sale Price

Period

Week Ended Jan. 22

Lans

gold

Ref

&

&

3%s_

1963

ref

&
&

tMinn

50-yr

4Vis
gold 5s
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60

31

M-S

53
65

39 %

42

27%

31%

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12

Norfolk

10 Vi

12

3%

~2%

3%

103

2%

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M-S

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2%

12

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17

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503

16

4 Vis

mtge

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35

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17%

J-J

17%

17

18

65

15%

1946

J-J

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84

4%

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2%

19

A

25-year.

5s

._„_,1938
,._.__1938

—

5

ref 5%s series B____.__.1978
1st

A———1998
,.,2014

series

adjust

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ref

&

of

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5

110%

111

103 %

1

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104

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..

103%

.,■,

73

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.

31%

.

73

74%

106

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6

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126 V*

7

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4

73

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126

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;.„

104

104'A

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15

F-A
F-A

—

ref

&

AConv

1974

43%

36%

35

36'A

161

33 Vi

38'A

291

35%

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20%

22

370

19

22

of

ACertnicates

38%

M-S

14%

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14%

.1977

M-S

38%

37%

39 %

37%

38%

35%,

1997

4

35%

38%

11

14%

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2

35%

38%

.....

716

.

M-N

.1980

[1981

37%

39%

131

36%

3

35%

38%

8 %

604

5%

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39%

152

36 %

& Id gold 3s

ry

38%
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30

36%

35%

J-J

A-O

38%

38

F-A

383 V

3814

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Monongahela Ry 3'As series B— ,_1966rMonongahela W Penn Pub Serv—
1st mtge 4 Vis——-—_____ .,1960

.

V

38

-

96

48%

48%

14

ext—. .1944

Teleg 4'As

Montreal

1st

Essex

Const r
Constr

M

*

'■

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Nat

Nat

■

'

7

■

.<

33 %

34%

'

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•

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,

r

National

103%

1

•

101'% 102

103%

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A Consol gtd 4s,.—i-'—

"92'A

118% 118%

J-J;

,1945^

J-J

—1945'

J-D

N

England Tel & Tel 5s.A——1952
1st gtd 4 Vis series B—
—__1961»
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N

J

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& Light

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72

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88

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-

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77

45

45

F-~A

C

series

5s

ACertificates

52'A

deposit——
————1956
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1954'
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52

F-A

*49

T-o

48

53

•

j-j

7/a

4

109

109%

103%

103%

103

1C3

i_—

1938

3'As series;B

1966

M

s

deb

Trans

..49 Vi
44 Vi

4'As

52%

57 'A

47 Vi

53%

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F-A

49Ve

50%

F-A

75'

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F-A

80

.

73

69"i
53^

19

:

.

Gen

.

B,__

series

5%s

52

50

Ref

80%,
68 %

,1978

M-S

3 %s extended to,—. ,1947

A-0

,1950

series

4Vis

C

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66%

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138

77 %

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465

64 V

6$
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Y

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80%

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23

lOOV-t

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General

5s

102

101 % 102

14

101,

102

General

gold

69

66

69

73

65^

69

1947

A-O

86

86%

2

86:

series D—. ,1965

A-O

108

108%

13

108j

108%

,1966

A-O

—

;

108%

General

109% 109%

1 '

,

N Y Lack

,2000

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102%

100%

100%

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6

108 Va

108%

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1

108

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92'A

18

88%
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108

109 %

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91

121% 121%

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126

J-D

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89

9 2'A

93

91%

90%

93

73

89%

—1981

97'A

98

74

96 Va

98

1984
1952

J-J

98

97. VA

98'A

15

95%

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A-O

9

92

92%

195

90%

92%

1947

M-S

111% 111%

3

111%

111%

—

.

,1960

A-O

Apr

2'A

—,—1956

47

47

23

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50

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75%

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136

72%

77%

47

46

F-A

series

-1973;

A

M-N
M-N

E & W Dk &

.,1943

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10

117%

117'%

112 Vi 112%

112%

13

111?%

6

%

J-J

77

J-J

68

66%

68

M-S

61

59%

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159

57%

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104%

105%

17

64%

68

J-D

105%

105% 105%

16

M-N

102%

102'% 102 Va

1

102'/«

102'A

118% 118%

16

118%

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111

112%

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60

67

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J-J

135

64%

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55%

27

60V
V-

—

64%
67'

4'As

109%

.,—1974

B__

4'As

series

series

ref

&

J-J

___1981

D

4'As—!1961

ref 3'As—,1967

1st .&

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C——j.1977

2%s__—

,1971

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Stamped
deb

1949

6s,'-

Philip Morris Ltd deb 3s

1962

■

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of

deposit'—,

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Phillips

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60

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96

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5

110%

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12

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Ill

36%

37

23%

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23%

181

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23%

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9%

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223

8%

J-J

M-S

105

M-N

4

J-J

105%

J-J

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105

lOVa
105

3»A

5%

233

1047a

105%

105

105

110

111

5

...

1C5 %

105

105

60

5%

%

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—

.,1951

113

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,_l—

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i ■

,

i

Hartford RR—

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1st

112%

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64

series

Phila Electric

M-N

.,1973

4s

4%s series B

117% 117 %

J-D
F-A

.,1949

3Vis,

gold

West

&

98%

—Apr 1990

.'Philadelphia Co coll tr

109;.: 109%
7

El Lt H & Pow gold 5s_. ,1948.

Harlem

13

87'A

4s__

Purchase money gold 4s___,;
&

107%

100% 102%

121%

gold 4'As: series C,_
1980
Phelps Dodge conv 3%s deb,——,1952

F-A

"

Y

104

102%

5

J-D

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N Y & Erie—See Erie RR
N Y Gas

104

102

106'A

Ry 5'As_,_!1974

1st 4s series B--

.

A-O

gold

3'As

102%

77.

.,i

J-D

—

& ref 3%s series E

j-1st lien

104

104

106% 107%

5

1st

68iVb

4

100'

w.

T

104

104

102%

104

98

4s ext——.

4s

Pekin

&

,1951

——

notes

5%

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104

107'/2

101

107'A

Union

Eastern

&

AIncome

3'As A_——. ,1965

debentures,',

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3'As

deb

Conv

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'

1st

103%

1

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mtge 4'As series E

Peoria

■;

A-O

.,1974

A,—

103%

4

62

———1970

gold 4%s

Peoples Gas L & C ref 5s

51%

47%

49%

series

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7

SI'
32

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,*
•',.

,

48-%

53

117%

102%

102

F-A

;Pere Marquette 1st series A 5s——1956
Ref

70

55 V«

York Chicago & St Louis—

New

70

102 %

117 %

1968

5

51%

75

118%

1965

123

55

57 %

F-A

mtge 3%s series C
—,—1970
skiking fund 4%s_^.——
1960

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80

53 3A

67

100%

F-A

dollar_i,___May 1 1948

73

78
72

74

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J-J

Pennsylvania RR.cons gold 4s——1943
Consol gold 4s
:
1948

General 4'As series D——

73

7

70

44%

71'A

80

F-A

69%

102'% 102 »/4

f03% 103%
102%

A-O

—.—

67%

J -J

102% .103%

107% 107%

M-N

Power &

357 7

J-J

%

J-D

—1981
Light 3%s——,1969.
debentures—,1974

4%s'series B,,
■Penna

Debenture

-,———1997
Lake Shore coll gold 3%s——1998
3'As registered_—__—1998
Mich Cent coll gold DVis——1998
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—1998

&

registered,:

3Vis

69

102 V*

J-D

4s__J——

50'A

Hud River 3Vis——,1997

Y Cent

105

*66%

*—1963

Secured

55'A

V

109 Va

*..

Pennsylvania Glass Sand 3'As—,11960
Pa Ohio & Det 1st & ref 4'As A—,1977

•

99 %

71 'A

109

109

A-O

:—1952

52 Vi

69

„

108%

2

M-S

ctfs D,__1944

trust ctfs

47%

70%

impt 5s series C———2013
t
—,1952

secured 3'As

.

F-A

53'A

•

3%s trust

4s series E

Gtd

■

99%

M-N

&

6

109'% 109'%

5s_1949

cons

116

Ref

97

.—;1944

6s

441

53%

Conv

F-A

1,162

48%

547a

95%

'

M-S

551/4

99%

49V«

6

,

:1955

50'A

99%

A-0

98'A

97

102% 103

M-N

debentures_1956

99%

A-O
A-0

96 %

105

109Vs

25

J-J

—I960

■'
f gold 3s loan ctfs_,

106'A

108% 109

J-D

Cons

10-year 3%s sec s f—.——1946
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2013

95

109 VA 109

A-O

53%

Ref

93

111%

51%

53%

92:

112%

235

52

*92

Pennsylvania Co—

;

53'A

4s

99%

110%

Parmelee

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F-A

RR

99'A

111%

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Vi

19

5

series A—1998

Central

109'A

17

99%

19

4s sterl stpd

Y

99'A

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55.

53%

99%

J-J

J-J

1st

51%

53 Vi

110%

106 %

29

■

Newport & Cincinnati Bridge CoGeneral gtd 4%s,_—————1945

109'A

110% 111%

■■

55 'A

50

61

4

44

__

108'A 108%

J-J

111% 112

Paramount Pictures 4s

45'%

50:

57 'A

*110

J-J

98'A

83%

51%

55%

56

107'A

111

Guaranteed

52

107

109% 110'%

J-J

9 7'A

Vi

41

4

53%

100

11

107%

107

F-A

88 Vi

4

-

100

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76'A

80'A

19

54'%

107 '/a

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107%

62

51'A

104

3

100

*104%

J-D

f,

52'A

5174

109
110

103'4

20

107% '

4

55

54%

54%

of

J-D

Ret .mtge 3'As series C,—:——,1966
& 111 1st s f gold 4'/as
1955

'

series D

4Vis

Alst

109

■'

deposit——'——
54

103'A 103%
100

107 %
107

8

107

107

111%

■Paramount Broadway Corp—

i
54 %"

15

108'A 109

F-A

1946'

107%

."109%
107

M-N

Paducah

106%

88

45

13%

12

106%

J-D

Pacific Tel & Tel

107

2

41

J-D

118 *-

83%

12

87

J-D

73%

•

>73-''

7

13%

107'A 107 Va

12

107%

J-D

§ A 2d ext gold 5s

73Vi

70'%

23

83%

———1956

Alst

70

109 Vh

'A

82 %

A-O

112

,1966

118%

111%

__

83%

5s series B——————,1954
ACertificates of deposit———

111%

—

...

J-D

Panhandle East. P L 3s B

88 Vi

r 76

A-0

Alst

1

112

gold 5s—!___ 1946
1964

1st

...

V

of

ACertificates

104 f

118%

13 » A

107 %

107 s

107'A

1943

5S—

1st & ref mtge 3'As series I,

•

J-J

5s____1935/

t§AN O Tex & Mex n-c inc

103%

84
*

107 Vi 107%

A-O

J-D

110'A

,1st & ref mtge 3s series J___w—,1970
1st & ref M 3s series K
1971

\

*

76-

J-J

57%

109%

SAPac RR of Mo 1st ext gold 4s__1938

102

.

tQ3 Vi

45

73%

*109 %

J -J

55%

11

ref mtge 3%s series Hw-—1961

1st &

106'A

103'A

.-2

73 Vi

,

■-

1st

Pacific Gas & El 4s series G—
,

1

1983,
N O & N E 1st ref & imp 4 Vis—1952
New Orl Pub Ser 1st 5s series A—19521st & ref 5s series B———.1—.—1955
New Orleans Term 1st gtd 4s—-1953

33

112%

101'A

%

"123% 123%

F-A

57%

J-D

--

117% 118

117 Vi

M-N

Orleans Great Nor 5s A—,

New

34%
109 %

--

72

73
•73

A-0

N6w

Transmission

.Guaranteed stpd cons 5s——

."■% 103%

15 *

103% 104

J-D

fANaugatuck RR 1st gold 4s_,—1954Consol Gas cons 5s_— *—1948,,

56%

109 Vi 110

J-D

Oregon-Wash RR & Nav'4s,'_—— 1961
Otis Steel" 1st mtfce 4'As-ser A;
; 1962

68Vi '■'70

11

24

«■*'

M-N

Newark

4'A

57%

J-J

1966

Oregon RR & Nav con gold 4s,_*—
Ore Short Line 1st cons gold 5s_— 1946

,

38 'A

31%

•<" •

17

103 3 a 103%

102

A- O

fund debentures—1949
1st mtge 36—11965}

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40

'

112'A

"

85

M-S

•

5

68%

55 'A

112

1946

109"

106'A

106

106

a

66'A

*101%

1945

1st gtd 5s

Ontario Prnver N F
Ontario

Pacifid Coast Co

J-D

50 7

60

M-S

1972

1946

i——

debentures,!

4s

88

.-

35 'A

■'

-

3'As sinking

89

37%
,

212

-

'

70

69

70

278
573

J-J

1967

mtge

3%s_,
Oklahoma, Gas & Elec 33As———

110%

■

91

...

112Va 112%

--

M-S

Dairy Prod 3'As debs———1960
Distillers Prod 3%S——
1949

: 40

—

mtge 4s—,—

1st

N
F-A

Chatt & St L 4s series A„___1978.

38 »4

..

M-N*

'*'■

37'A

1st mtge 4s

Edison

1st

111 'A

125

39%

37%
34'A

J-D

.,,1947'/

•

i

M-N

1955'4 'is series B——
...1963
& T 3'As——

States T

Mountain

48%

110.

,

lis

,

39%

J-D
M-N

.,,1955*
A—„—

M 5s series

*89

J-J

5s ext—— .,1951.
gtd 3 Vis- __2000'

Tramways

&

Mcrris

.

73%

M-S

7, A 103% .105%

104'A.105%

J-D

ref 3%s__ ,,1966

&

Power 1st

42

68 3A

'

M-N

96%

45"'

111%

.»**1

110'A liO'A

..

45

40'A

__

57%

J-J

-

1965

101%: 101%

-

Montana

91 'A

3. V

:

*111%

A-O

54%

42

66%

--

;

,t§AOg & L Cham 1st gtd gold 4s, 1948
1943
Ohio Connecting Ry 1st 4s

,

A-O

.,1965'

——

7 8'A

69

O

39

Ohio

*102% 103'A

F-A

•

debentures—

6s

96 %'

48%

96'A

M-S

1938

1st gtd gold 4s_ „1991>

Malone

43%

52%

72 7a

27

223

56 'A

M-S

1964

1st mtge 3%s_——-A—

(Wise)

Northwestern

;

—..-Jul y

extended at 4%

3rd 7s

Moh'k &

45

'A

68%

F-A

—

Ry—1

t$ A Missouri Pacific

199

73'A

43

57'A

,

J-J

39%

39

53%

J-J

38 %

514

38

7

deposit——

J-J

1967

78 »A

76

*42

-

Power Co—

1st & ref mtge 3'As—_.

44%

•

—

39%

7%

39

H_J_

..

,

49%

72%

Q-A

(Minn)

39%

•38%

37%

38%

M-N,

U949

77%

Q-J

Q-F

registered
lien

Northern .States
:

38%

.1978

r-

.

48

——

Q-J

.1997

Jan 2047

2047
registered—
2047
Ref & impt 4 Vis series A__
2047
Ref & impt 6s ser,es B———
Ref & impt 5s series C———,, %047
2047
Ref & Impt 5s series
i

39%

760

Vi

J975-

G__—__

—

,

—

0

Pacific -prior lien 4s—

Northern
4s

243

F-A

deposit—

of

39 Vi

38

ref 5s series I——:

&

37%

38%

deposits

of

■

„

*

---

3s

gold 5%s—.

*110%
*106

.

A-0

of deposit

ACerfificates

,

Gen

deposit

series

5s

A-0

•

__

36 Vi

36%

*115

M-S

.1945
guaranteed gold 5s,—.
Alst mfge gold 5s (stamped can,
; cellation
of guarantee)——— .1945

43 Vi

40%

deposit---^.

of

Certificates

A

41%

420

22

& ref gold 5s series

Alst

Alst

468

37%

;

M-S

,

Alst

43%

A-O

__1965

103'A

tNorthern Ohio Ry—

67'/a
100

100

43%

J-J

4s__^~»—.A...

Certificates

A

64%

1

41%

J-J

ref 5s series F________

&

Certificates

A

N

8'a

9

1954

2 Vi

lVi

■

6

42'A

1962

5s senes A.

AGeneral
Alst

67
100

43 'A

J-J

series A—Jan 1967

5s

ACertificates

N

340

1.0'A

J-J
A-O
F-A
O-A

....

1974

Pacific RR Co~

JMissouri

N

10%
109'A

110% 110%

,1949

6%

43%

•

1962

D~—1—1978

40-year 4s series B
Prior lien 4'/2s series

N

110%

M-N

5s conv inc

3%s—

Debenture

RR-—

lien 5s series A.____

Prior

2%
66 %
100

J-D

1st 4s_„;._—.,1990)

Kansas & Texas

Missouri-Kansas-Texas

N

13%
88

85

110%

2

'

5'A

J-J

5s___„1959

,

J-J

fAMissouri-Illinois RR
Mo

J-J

.—-1949.

.

—-

11

J-J

ref 6s series A_..„..

&

A 1st &

N

3

18

1st

>,

33

10%

A-0

M-S

.,1950

Amer Co deb 3%s_

North

18%

17

§ A 1st stamped 5s gtd as to int__1938

N

88

High

..

29

110% 110%

J-J

A,. -1955

f^ANorfolk Southern RR 5S A
1961
Norfolk & Western Ry 1st gold 4S.1996
^

consoi

A

•

13 3 a

32

-

Ry Co—

Southern

AGen mtge

2%

17%

§ A 1st

■

1st

3%
,

Paul & Sault Ste Marie

St

it A 1st cons 4s stamped.:

.

Niag Lack & Ont- Pow 1st 5s
(Md) deb 5%s

16%

.

*33 %

M-N

1949

Vi

27

33

88

-

,

Low

No.

13 VA

J-j

Range Since
January 1

Wold

High

32

-a

M-N

Bonds

Friday's

Bid & Asked

*10

F-A

..1943

Niagara Share

68

12

50
65

10

31

,1940

.1967
3Vis series B
41 AN Y West & Bost 1st 4 Vis— -1946;
-1966
Niagara Falls Power 3Vis

68

41

j

32'A

.

F-A

■

Y Telephone

N

108%

6

65

30%

gold

4

53

41%

J- D

5s. series A__-1962

gold 4s

ext

106%

65

J-J

fAMinn & St Louis 5s ctfs.,.,;.—1934
1st

57 Vi

94

.,1937

§ A General

98

J-J

1937

1st ref 5s

'

1947
1941

1st 3%s.

& State Line

111

52

J-D

1939

AJ'Consol ext 4'/as

i§AMilw

60

107 % 108%

53

A-O

1940

.& Northern 1st ext 4%s__]939

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107%:

9

593s

GO

J- J

M-S

§A2d

%

98

Week's Range
or

Sale Price

Low

88

97

Last

Period

High

97Vi

98

M-N

1952
,.1979

C

series

*71

M-S

1951

Sag 3 Vis

Michigan Consol Gas 4s__
J. 3 A Midland of N J 1st ext 5s__,

iiiAMilw

A

Low

No,

t§AN Y Susq & W

impt 4Vas

ARef

High

Friday
Interest

Exchange

Week Ended Jan. 22

Central—

Michigan
Jack

January I

Stock

York

New

Range Since

Sold

Bid & Asked
low

.1st

Bonds

Friday's

or

323

B O N D S

Week's Range

Last

Interest

Exchange

Stock

York

& FINANCIAL CHRONICLE

THE COMMERCIAL

Number 4145

157

Volume

v

ANon-conv

deb

4s—

,1947'

deb

3 (As

,1947'

55

36

36

34? "

36%

33 %

10

'31%,'

33d/2

33 'A

M-S

36%

33 %

M-S

ANon-conv

34%

11

3l!VA.

34 %

•

>
*

Pittsburgh Cine Chi & St Louis—
Series D 4s guaranteed.,———.1945

'

ANon-conv

deb

3'As,

ANon-conv

deb

4s

ANon-conv

deb

4s

______1954

_.1955:

;

;_1956-

deb

§ A Collateral

trust

36%

Series

31%

34%

Series

37%

41

Series

I

61

49%

52'A

Series

34

30'A

81

331-

36 Vi

M-N

35%

34

36'A

91

J

3 2'A

34%

39'A

39%

41 '

1940

6s

32%

9

301

36

J-J
A-O

51%

50

52 'A

3V/2S_.__1956'

6s

Series E;

3'As gtd gold——.,,—1949
4s guaranteed gold,—i.1953
G 4s guaranteed
1957
H cons guaranteed 4s
1960

J-J

1948'

ADebentui-e certificates
AConv

A-O

J-J

'•

•

Seri

Alst

&

4s

..,1957.

ref 4'As series of

1927—1967

9%

M-N

5

8»A

286

36'A

10

10

Gen

'39:

Gen

'

J-D

37%

37 VA

38%

-

t A Harlem River & Port Chester—

,

■

Gen

'

1st

19541

AGeneral
N

Y &

4s

Putnam

cons

N

Y Queens El Lt &

N

Y

N

Y

Rys prior lien
Steam

For

Coi'p

footnotes

Pow 3%s____

1st

__

3%s__

see

page




8%

.

J-D

3%

A-0

44%

1965

J-J

J-J

92 'A

7%
2%
44

95

9%
4

44%

*110% 110%

M-N

1958'
1963

324.

95

1993'

gtd 4s

6s stamp

M-S

1955

_

1st

M-N

1992

4s

JAN Y Ont & West ref gold 4s

105% 105%
107'A

107'A 107 %

119%

119%

2

119%

120

107%

10

105%

107%

107%

106% 107'A

5

105

107'A

103%

101% 103%

82

100

103%

1952

M-S

96 'A

96%

18

95

96%

*98'A

99%

99

99

99%

5

99

99 %

7

55

56

41

53 'A

56

19

53%

56

Pitts

Coke

Steel

—

16

105%

106%

105%

107'A

1st

1st

cons

—.1963

4%s

cons

&

Iron

1st

conv

mtge

4'As A

4%s

mtge 4'As series B
& Char" 1st 4s gtd

Va

Pitts &

—

1

1st

——

10.7

Pitts

Pitts

*119%

—

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F-A

107%

91/4
4:

F-A

■

—

J-D

95%

44%

3

120

6'%
2

"lil'A

M-N

—:

.

111

120

90%

41VA

..

_

120

35

16

.

'

_

Ill

M-N

J

899

290

*105%

M-N
F-A

J-D

guaranteed 4%s__1964
mtge 5s series A
,.1970
mtge 5s series B—
—1975
4%-s series C
,———.—1977

'

ADebenture

F

>s

W Va

1st

4%s series A

mtge 4%s series B
mtge 4'As series C

—1950
.1950
1943

A-O

J-J

'

96%

J-D
J-D

M-N

1958

J-D

,1959

99'A
—

„

A-0

1960

A-0

99 %

•

—

j

55

55

56

55

55

'4

55%
55'A

THE COMMERCIAL <&: FINANCIAL CHRONICLE

Friday

BONDS
New York

or

Sale Price

Period

1st 4s ser A—1948

Young & Ash

1st

J-D
F-A

*118 Vi

1st

gen

1st

J-D

series C
Elec

Gen

Portland

5s extended

1st

1977
1960
1950
1966

4Vis

1st

to

Pwr

El

Potomac

3%s

M

1st

1st mortgage 3

January 1

Low

No,

High

90

91%

Gen

—

'

106

106

ref

&

1st

5s

gold 5s_

series

90

6

106

106

108%

108%

95%

.....2000

B

&

5s
& ref mtge 8s__

ref mtge

&

1st

J-J

*108%

&

ref

5s

series

&

ref

5s

series D_

,1979

95%

35

96%

'

8%

1960

"3

M-N

8%

7

'

8%

Toronto
110

Ham

1943

& Elec

1st
1st

*144%

J-D
A-O

*110%

HO'A

*105% 106

105%

91

A-O

'89%

,

79%

J-J

J-J

91

120

78%

79%

787a

79'A

79'A

26

7974

102 'A

101%

101 'A 10174

43

101'A

104% 105

66

10474

105%

M-N

101% 102

23

101%

M-N

■

-1949

64%

A-O

63%

M-S

-1967

M-S

Gen

31

,30 'A
$

■

,

t ARut-Canadian

64%

31%

58%.

156

65

27

258

66

237/a

M-S

,

_

27

935

21%

27

—

-

877%

A-O

95

.

93

"

95%'

100%

100%

*3

10574

106

110% 110%

111

*116

105%

J-J

3s

5s__,

1945

deb—,

A-O

J

1959

110%

~1

103

103%

100%

102

107%

109

*6%

F-A

1967

,

10

103'% 103 '/a

M-N

.

12

J-J

101%

101'% 102

12

J-J

1947

,

,

1970

109

108

65

A-O

,1971

,

mtge 3'%s series A_^

1980

3'%s debs..

109

J-D

98'%

19

97 Va

97%

98

19

9

107

.

A-O

A-O

96

95

96

M-S

99'%

98%

99'%

1944

M-N

1 1943

M-N

May 1 1949

M-N

*101

101%

J

RR &

(Del)

Canal

5s

4s

gen

United

States

Serial

Steel

1

9%

9%

9%

10%

10%

.

1.125s

Nov

;

;

....

*99 7

1966

2d

St

Iron

Louis

Mtn

2.10s

5-,.

,

-

,

Certificates

107

J-J

*

A-O

*50

1933

M-N

100 %

20

84

1 1949

M-N

*101

M-N

*101

82

of

deposit
fASt L Peor & N W 1st gtd 5s
St L Pub Serv 1st mtge 5s
St L Rocky Mt & P 5s stpd

1948

J-J

1959

80 %

82

MS

Nov

*101

101%

*101

101%

1 1950

M-N

May 1 1952

M-N

Nov

1 1952

M-N

>101% 101%

May

1 1953

M-N

101% 101%

Nov

1 1953

M-N

*101%

May 1 1954

M-N

*101

1 19,54

M-N

>102

__May 1 1955

M-N

100%

2.60s

107

107

107

2.65s

46

••'45%

United Stockyards 4'%s w w

65

104

-82 %

J-J

MVz

Utah

84

Power

lien

APrior

5s

of

series

ACertificates
A Cons

M

deposit

of

4 Vis

B

1950

J-J

series

91

73

74

459

19

21%

18%

21%

Va Elec & Pwr 3%s

240

20%

23%

Va Iron

20

22%

Virginia Pub Serv

1,233

19%

23 Va

Va

74

19%

23

21%

19%

21

22%

22 74

23%
22

-

A

1978

MS

11

2174. 23%

22 %

^

22%

21%

23

Cons

certificates

1989

M-N

89%

89

89

J-J

72%

70

72 %

16

J-J

51%

49

51%

119

-1990

J-J

3074

30

31%

163

27Vi

3174

gold 5s series A

St Paul & Duluth

1st cons gold 4s_1968
Paul E Gr Trk 1st 4%s
1947

fASt
tSASt
St

P &

Paul

K C Sh L gtd 4Vis—1941

Union Depot

3%s B

Schenley Distillers 4s
V &

Scioto

E

N

1st

1971

f deb

s

gtd 4s

,J-D
F-A

7%
19%

85%.

6s

8

of

35

32%

17

series

Shell

B

33%

31%

34%

Oct 1949

F-A

6%

1959

A-O

16%

^.1945

M-S

16%

5%

deposit

2Vis

105

124%

54

debs

1935

28

F-A

34%.

1954

J-J

1961

..

A-O

99

_

Socony-Vacuum Oil 3s debs

3s

Tel

RR gtd

Tel

&

16%

15

17%

16%

307

14

16'%

34%

35

31

6

1574

16

33

%

99%
*100'%
*40

1037a

90

99%
50

99%

99%

4s

10
6

107% 107%

J-J

106% 106 %

105%

105% 106

40

103

10374

101%

(Cent

104

33

105%

10674

'•6

107%

J-D

79 %

77%

3]

105%

106'%

.5

79%

75

103Vi

104'%

75

MS

57%

55%

57%

MS

57

56

Gold 4Vis

.1969

M-N

55%

54

1981

M-N

54%

53

54%

95%

95%

96%

88 %

91

—

—J

10-year

South

Pac

Southern
Devel

3%s

1946

J-J

1st 4s

1950

A-O

secured

Fran

Term

RR

1st

Ry 1st

&

ref gtd 4s

Devel

&

gen

6s

Devel

&

gen

6Vis—

Mem

Div

1st

Southwestern
1st

&

ref

1st

Bell

3s

„

gold 4s
Tel

series

Oil

of

Calif

76 %

57%

342

55%

57%

56

.789

53%

56

486

52'%

54%

301

93%

96%

26

87%

91

•

74'4

79

843

70%

94%

95 %

202

92

95%

72%

71

72%

310

68%

72%

1956

A-O

90%

89%

90%

A-O

94

93%.

95

86%
91

,1996

J-J
J-J

1966

91%

9

87%

90%

61.

92

95

86%

8

84

86%

9174

74

89%

92

Standard Oil N J deb 3s

2%

debenture

Corp

Superior Oil 3%s debs
Swift

&

Co

2%s debs

Warren RR

1st

Iron

& RR gen 5s
Terminal Assn St L 1st cons 5s
Gen refund s f
gold 4s
Ref & impt mtge

111% 111%

6

111%

3s

106%

106'A 107

4

106

Texas

&

N

O

com

5

102'%

F-A

*42

42%

41'%

10274 102 %

--

—1961

J-D

52

44

36%

293

34

*26%

92

A-O

1st

mtge

F-A

2000

103%'

103

5s E

13

105%

106

104'A 104%

69

104 Vi

104%

104

J-J

102

1956

M-N

*10474

M-N

*102% 103

1901

1951

%

J-J

J-J

102

102'A

8

—■

102

102'%

103%

,

—

121'A 121%

J-J

1950

F-A

1959

A-O

1965

M-N

—1943

257V

J-J

1

102%

4

89

13
1

947a
104

90

109'%

33

31
88

89

103 Va

121»%

109

J-D

1966

33

104

*120

3-D
M-S

92

14

103%.

*87

,

F-A

1963

9

88

F-A

—1967
1st

Power

257a

28

92'%

104

32%

33

Q-M

1950

26%

27'%

*25

*257/a

46%
36%

26%

28%

*26

87:
"

104

119%

119%

108%

4

*106% 103%

109'%

106

106

110%

111

'

Western

3'%s series I—..

Maryland

1st 4s——.—1952

A-O

111

111

6

■■

!

1st

&

ref

series A_^———1977

5'%s

89'%

92%

407

84

96'%

92%

gold 4s

gen

J-J

97%

12

95

Vi

92%

—1943

10011

Western Union Teleg

gold

25-year

1946

—

5s

gold 4%s_

——4

76" '

38Va

40

39%

38

397^8

100 A

907%

90%

91%

91

J-D

90%

89%

90'%

M-S

85%

847/a

86

36%

127

M-N

1951

387'a

M-S

..

1950

...

—

M-S

1st 5s ser A_„1946

f AWestern Pacific

*100%

A-O

40'

36 Vi

79

40 •%

84

,

91%

87'%

176

S3

*101'% 101%

M-N

97%

101 Vi

90%
86%
101%

'
•

West Shore

1st 4s

Registered

J-J

43%

45'%

46%

J-J

2361
1—2361

guaranteed.—
—

—

46'%

80

43

46

43'%

43%

25

41%

44

%

West Va Pulp & Paper 3s—

'

—1954
1949

Wheeling & Lake Erie RR 4s
Wilson & Co

J-J

1st M 4s A_„

1955

—1947

3%—

deb

*109%

M-S

M-S

-Conv

103% 103%

J-D

Wheeling Steel 1st 3y2S series B—1966

J-J

ACertificates

of

deposit—

50%

1

—

1936

M-N

17%

1968

A-O

110%

Wisconsin Public Service 3Vis

1971

J-J

1st 4'%s

1943

J-J

5 ASu & Du div & term
ACertificates

Wisconsin

of

1st 4s

deposit..

Elec Power 3%s

109%

88%

90%

5

10474

106%

"3

114%

114*'/%

49

51'%

177

4774

51%

51'%

49%

49'%

16

17'%

224

1474

1 7'A

110'% 110'%

6

110%

110%

102% 102%

35

10174

103

987a

19

97%

99

105% 106%
*103'%

J-J

—1949

fAWisconsin Central 1st 4s

104

109%
57

*—

106%

A-O

1st 4s—-I960

90

1033/a

—

89'/a

114% 114'%

90

—

*15

'

*107

*13%

—

42

1057a 105%

J-J

1945

F-A




87

46%

35%

10274

Apr

1944

gold 5s

8 3'/a

86

45%

36

107

1953

debentures

115

86%
46%

111%

3%s series B—1974

Texarkana & Ft Smith 5%s A
Texas Company 3s deb

75
110

M-S
F-A

M-S

1945

stpd gtd

Ltg 5s

mtge 3%s

Penn

Conv deb 4s
1st mtge s

J-J

ill

*10374
89 V4
__

105%

89 74

1948

M-S

1960

M-N

102'%
98%

98'%

103%

5

120

121%

7

*10574 107
111

—

f 3'%s series D_._

104'%

103'%

Youngstown Sheet & Tube—

a

Coal

•

4.1948
1945

40-year guaranteed 4s

Westchester

Deferred

included
Tenn

1st ref gtd gold 3V2S

Washington Central Ry 1st 4s—
Washington Term 1st gtd 3'%s

fAWor & Conn East

111%

J-J

1953
conv deb 6s

/

'

3-D

.

Studebaker

'72%

1097a

79.

94%

A-O

1968

debs

13

34

A-O

^1955

debs———1948

6s

Winston-Salem S B

78%

J-J

-1951

92

75

57%

J-J

3%s B—1964
C

2%s

80'%

68

5474

1994

ASpokane Internat 1st gold 4%s__2013
Stand

72%

1

___1956

gold 5s

St Louis Div

254

434

1955

.—

92

74'/a

109%

A-O

30-year 5s
1960
Westinghouse El & Mfg 2'/aS—1951

1956

gold 5s

cons

4s series A

gen

Pict

Warner Bros

.

,

107%

104 %

11

92

109'% 110

75

J-J
Apr
Apr

.

ARef & gen 5s series D———-1980

A5s assented

Pac coll)
_Aug 1949
registered—1949
(Oregon Lines) A
1977
Gold 4%S—
_1968
4s

San

80

105 VA

102%

>>123

J-J

,,

4'%s series C__

West N Y & Pa

A-O

1st 4Vis

Gold 4Vis

80

104%

92

M-S

5%s A_—1975
1976
1978

5s series B

Walworth Co 1st mtge 4s

100'%

40

103 % 10374

101% 102%

,

98%

—

Pacific Co—

A

& gen

Gen

A-O

1979

Power

gen

A Ref

34%

16%

J-J

1947

Southern

13%

777

1963

6s

Colo

66

17%

1962

debentures

Southern

16%

1964

5s

3Vis

mtge inc 4'%s ser B__.

West

F-A

Bell

110%

110%

1

2

105'% 105'%

7

17%

16

F-A

1950

& Nor Ala

4%
14%

*16

J-J

—1952

debentures 4s—

South

102

33%
16%

F-A

t§ASilesian-Am Corp coll tr 7s—1941

South

~3

80

/

{A Wabash Ry ref & gen

35

27%

15%

id's

Simmons

Co

80

F-A
J-J
A-O

1971
—1981
^.1991

mtge 4s inc series A-

ARef

414

17%

16%

15%

2%s sinking fund debentures

Skelly Oil 3s debentures.

98%
99

—

110'% 110'%

M-S

.

1968

AGen

101%

104

123

526

7

16

15%

A

certificates-,

Oil

Union

,

1958

....—

mtge 4s series A——

i9ya

1

35

A-O

{§ AAtl & Birm 1st gtd,4s
—1933
{ASeaboard All Fla 6s A ctfs—
1935
A 6s

5s

AGen

101 Va

124 % 124%

deposit

of

95%

9774
98

w

7%

21

104 % 105

124%

A-O

—

series

*108%

1st gold 5s_*1949

Wabash RR Co—

•.

.

cons

0
46

*108%

M-S

51'%

.

ACertificates

F-A
M-N

72'%

6%

390

-1950

gold stamped—
AAdjustment 5s„
ACertificates

102

93%

89%

67

46%

11

19%

17 Va

MS

M-N

7%

.—1950

§A4s

A 1st

1955
1957

series B

Coal & Coke

cons

1st

101 % 101%

A-O

1952

17

%

*80

J-J

1989

.

{Seaboard Air Line Ry—
§ A 1st gold 4s unstamped

{ARefunding 4s

99

—.1068

4s series A

g

1st mtge 3%s__ 1972
& Southwest 1st gtd 5s
2003

1st

—.1953

ref

cons

f 4s series B

s

Virginian Ry 3%s series A_

Nov 1989

&

98%

98'%

14

••

2d 4s inc bond ctfs~—

AGen

98%

987%

95%

01

5 A 1st term & unifying 5s

A

95

47 •"■

■44

5

'.•••

tSt Louis-Southwestern Ry—
4s. bond

102

'

ACertificates of deposit stpd

A 1st

F-A

85

20

deposit

101 %

102

*102

95%

A-O

ref 5s

&

10

20%

A-O

.

—1944

1st

43

.91

74

1951

Light 1st 5s—.—1944

&

Vandalia RR
A Certificates

ioT%
101%

"l

'83

•

46%

91

74

21%

JASt L-San Fr pr lien 4s A--——1950

77%

3

84

'

J-J

NOV

—...

;

■

55%

20%

..1955

101%

101'%

Utah Lt & Trac

81%

101%

101'%

May 1 1950

Nov

—

2.35s

11'A

99

6

99% 100%
54 %

.

a

2.20s;

10%

9
10'A

Southern—

&

AgRiv & G Div 1st gold 4s
A

J-J

1996

gold 6s

A-O

1947

1st 4s__

100

*99%

,2.15s

25'A

,

11%

1st gold 5s

96

98%

—

22

110

2474

J-J

1996

Island

94%
■

/

Corp—

—

2.50s

& Grand

1067a

1067a

5

78

debentures

2.55s

Jos

5

106% 106 7%

>

2.05s

J-J

Saguenay Pwr Ltd 1st M 4%s

107%

M-S

I.May 1 1943

98%
98

7'/a

106'A

16

107%

2.45s

St Lawr & Adir

.

97%

98 Va

M-N

•

2.40s

St

95%

91

1

105% 106

M-S

.

1941

RR 4Vis stamped

''

19

100'% 100'%

100'%

J-D

1953

U N

3174

'

•„

'

ijARutland

101%

101%

*86%

1955

/ .'

,

109

23%

^

■

RR—

1.00s;

-1949

4s stpd

63'/a

United Cigar-Whelan Stores 5s„T._1952
'''

^1^.

$

M-S

-1934

*

Pacific

United Biscuit

102

•

129%

*110

•

M-S

..1969

mtge 3'As series J_

t§AR I Ark & Louis 1st 4%S

202

j

.

'

1967

mtge 3%s series I__

103%

66

—

_

Gen

"'

gold 4s__1946

(Chic)

Calif

debentures—

Ref

*61'/8

,

J-J

-1977

Gen mtge 3%s series H__

1

64%

United Drug Co

*100% 102

J-D

of

1st & land grant 4s
34-year 3%s deb
35-year 3%s deb

101%

104%

Oil

Union

102%

M-N

"

& coll trust 4s A

cons

3s

F-A

.

A 1st

70%

103%

103% 103%

u

79%

78

*-*-T

'

Roch Gas & El 4%s series D

67%

'

1971

91

7874

93

,*102% 103

—

88%

1954

{§ ARio Grande June 1st gtd 5s_.-1939
fSARio Grande West 1st gold 4s -1939

67%

73

J-D

1953

{§AUnion Elec Ry

-I960

3'As

63

70%

221

-1956

mtge 4%s series C

7074

69%

—

Union

J-J

Gen

106

69'%

26'%-

106

-1997

Revere Copper & Brass

71

70%

Vi

70

65%

110%

J-J

-1997

s

68

J-J

gold 5s___1949

Tri-Cont Corp 5s conv deb A

*1057/8 106%

M-N

*215

-1961

.

A-O

Jan 1960

Buff

&

Trenton Gas

,110%

1968

series A

High

101

89

71

J-J

Tol & Ohio Cent ref .& impt, 3%s_.l960
ToF St Louis & We^t 'lst 4s„i_-£-J195(j

r
Gen & ref 4Vis

Low

36

6874

M-S

ref 4s

AAdj income 5s__L

*81

110% 110%

!;'L

27

M-S

J-J

J-J

-1951

January 1

No.

High
106

105

96%

—

Third Ave Ry 1st

1948

Purity Bakeries s f deb 5s

Range Since

Sold

70'%

J-D

™„_1964

Bonds

Friday's

70%

A-O

1.1980

§AThird Ave RR 1st 5s ext

J-J

of Nor 111 3%s

Public Service

J-D
A-O

Union Electric Co of Mo 3%s

ref mtge 3s

1st

1st

105%

1977

Tex Pac Mo Pac Ter 5%s A

92%

46

106

F-A

Terminal 4s
3%s_—

or

Bid & Asked

Sale Price

1

'

J-J

1951

4s„L—-1-1957
1956
1968
—1972
2037
2037

t a Providence securities
t A Providence

Pacific

Gen

:

Public Service El & Gas

&

Texas

92%

Period

Week's Range

Last

Interest

High

Gen

M-S

Friday

.

Exchange

Low

J-D

.1977

s

Pressed Steel Car deb 5s

Stock

Week Ended Jan. 22

*101

4%s series D

5s

New York

Range Since

Sold

*107%

—1962
1974

5s series B

gen

Bonds

Friday's

Bid & Asked

Low
Pitts

BONDS

Week's Range

Last

Interest

Exchange

Stock

Week Ended Jan. 22

Monday,-January 25, 1943

110%

111%

in

delivery

sale not included in the year's range,
d Ex-interest,
e Odd-lot sale not
n Under-the-rule sale not included in the year's range,
r Cash sale

the year's range,

not included

in

the year's range.

•

_

ill'A

fThe price represented is the dollar quotation
Accrued interest payable at the exchange rate of $4.8484.

SNegotiability impaired by maturity.
pound unit of bonds.

per

200-

—

89%

105'A 105%

16

101'A 101%

£9

90

,

14

105'/a

105%

36

•

105-% 103%

105%

106%

1

101%

101%

{Companies reported as being in bankruptcy, receivership, or reorganized under Section

Act, or securities assumed by such companies.
and asked prices; no sales being transacted during current week.
ABonds selling flat.

the Bankruptcy

*Friday's bid

.

77 of

;

MIMM itW? I#MI

U

4

iunwaryr4MWIN»IMHMMI^^

Volume 157

wi W:»rtftW( WttwsKtu

mAff«eiM(t«iM<M*MW'Bt

THE COMMERCIAL & FINANCIAL CHRONICLE

Number i ,4145

f

ttWUOtiMM SftW'SttS -

UViWASWtfW «

325

NEW YORK CURB EXCHANGE
WEEKLY

AND

YEARLY

RECORD

delivery sales are disregarded in the week's range unless they are the only transactions of the week, and when selling outside the regular weekly range are shown
footnote in the week in which they occur* No account is taken of such sales in computing the range for the year.

NOTICE—Cash and deferred
in a

following extensive list we" furnish a complete record of the transactions on the New York Curb Exchange for

In the

security, whether stock or bond, in which any dealings have occurred during the current year.

every

■IMIUflHII—IMMIIIIWI

New York

Curb

Week Ended Jan. 23

Aero

Supply Mfg class A-

Class

common..

preferred.

18%

47/a

4%

4%

500

5%

"5%

5%

500

4%

5%

Jan

Jan

1%

Jan

2%

400

1% Jan

27%

100

27% Jan

2

27 %

-10

,5%

Jan

1%

2

......

4%

Jan

5

„50c

Jan

5%

1
1

...

~i% "2

1-3

Air-Way Electric Appliance..!—.

300

'

1%

_!_*. -50

Alabama Great Southern.

Jan
Jan'

102

Jan

Jan

:

x

—

Investment

3% Jan

J

common;

.10

25%

26 Va

200

24%

Jan

.25

......

25 Va

25 Va

25

24%

Jan

Jan

25%

Jan':

Brili
•

common........!.'..
".'
6% preferred.............
Aluminum Goods Mfg....:
*!—.
Aluminum Co

%'.,-

107

108

108

108 Va

108%

"6'/2

~6

Aluminium

95

93

6%

——

Book

American

Box Board

95

108% Jan
13% Jan

'100

■"

6

Jan

1,050

6%

Va.

86

Jan

400

A
23

common. -U

5

....

Co

106%

.

60

23

%

American

Am

4% Jan

5

.V. ■%, Jan

•„»

13%

,'v

$3, preferred...
$5.50

prior preferred.
Central

American

American Cities
Convertible
Class
■'

—*—,

Mfg.—

Power &

bearer.!

Amer dep rets ord

Jan

6

~5%

Jan,

600

15%

Jan

500

15%

Jan

2,400

A

Jan

•

100

6

6%

;

,.25

*——

.—1

—

Cyanamid class A——.*. .10
39%

Class B non-voting.—
.10
1
American Foreign Power warrants—.!«

Jan

18

(EL)

Jan

60

37%

Jan

39

Jan

37%

Jan

40%

Jan

Bunker

Jam

Burco

%

■

Jan

Fork

American

Gas

& Hoe- common—...**

& Electric

a*'

%

•

%

.12%

%

7j500

convertible

preferred.—,
$2.50 convertible preferred.

Hill

%

Jan

Inc $3 preferred....—

Maracaibo

Burrv Biscuit

Corp

23 %

Jan

Butler

3%

3 %

150

28%

Jan
Jan

33

Jan

Jan

15

Jan

Voting

20%

Jan

21%

Jan

Calamba

13

Jan

13%

Jan

California

Jan

x26

Jan

Callite

150

26

Jan

.27

Jan,

Camden, Fire

10

80

Jan

,80.

Jan

21%

800

13

13%

2,100

27

80

80

-

%

,V

1,800

21%

20%

21%

700

46

46%

125

7%

6%

•

7%-

%

2%

2%

Jan

,21% Jan

7% participating preferred...
Industrial Alcohol—

Jan

47'A

Jan

7%

Jan

Class

Jan

2% Jan

A

Class B non

Jan

3%

3V8

100

•3%

2%

2%

900

2%

2%

1%.

2

! 1,100

.1%

Jan

8%

8%

300

'8%

Jan

8%

Jan

99% 100%
1%
2%

120

97%

Jan

.100%

Jan

100
2

Canadian Industries Ltd—

Jan

7%
■

;

Jan

3 Vis

Jap

Capital City

Jan

2%

Jan

Carman- &

2

Jan

!, 2% Jan
2% Jan

•Carnation

Jan

Carrier

2%

Jan

Carter

(JW)

9

Jan

Casco

Products—

10

91%

Jan

91%

Jan

Castle

(A M)

500

10%

Jan

12

Jan

Catalin

Corp

6

Jan

Central

Hudson

5%

Jan

12%

Jan

100

5%

Jan

2,000

4%

Jan

'

.

Corp

.

.._*

111%
■rv.-iA'

•

3%

,.!:v

4

28%

29

29

4%

;••"%

2,500

'

28

Jan

4%

16%

17%

2,700

2%

2%

~3%

3%

5%

4'A

4

!

1%

^
6

&

Basic

Seelig

Mfg—

convertible

A

100

2% Jan

2%

Jan

3%

500

3%

Jan

3%

Jan

5%

900

.4 %

Jan
Jan

16%

Jan

41

5%

7 7c

(Ludwig)

1st

Jan

41

Jan

5V2

5%

500

:

5% Jan

Jan

5%

Jan

19%

20%

2%'

__30

...5

;

<

1

19%

-1,800

•

*.

3

100

1st preferred V T C
Beau Brummell Ties Inc_!

•

1%

,

13'A

-

10%.

Bell Tel of Canada.
Benson

&

Hedges

Convertible

100

450

•

Controller

3%

Coal

7%

3%

J an

Jan

2%

Jan

2%

Jan

2

2

Jan

4,400

3,500
10

10%

100

39

125

102

20

8

1,300

38%,

1% Jan

3%

Jan

Jan

3%

Jan

J

9%

Jan

18

Jan

Jan

10%

Jan

38%

Jan

39%

Jan

106%
102

7%

8

Jan

107

Jan

102

Jan

102

Jan

Jan

8%

6% Jan
15% Jan

*6%

Jan

15%

Jan

7%

Jan

—

~6% **6%

_*

w'

,

100

"3% "3%

6,400

V
.

6%

6%

'

600

85%

85

*_

7%

180

7%:

200

2%

Jan

3%

Jan

6

Jan

6%

Jan

:

84%

Jan

7%

87

Jan

104

:

—

Jan,

Jan

77/8
104

Jan
Jan

%

Jan

y

Jaii

7%

Jan

9

Jan

4%

Jan

4%

Jan

4%

Jan

5

9%

Jan

10%

Jan

.

8

500

8%,

—

**

150

80

Jan

87%

Jan

64%

65%.

450

64%

Jan

66

Jan

10

86

!

Jan

,150

86

10%
87%

10 Vi
*.,

—

v4

31%

Jan

Club

4%

Jan

Cockshutt

1%

Jan

Cohn & Rosenberger Inc
Colon Development ordinary...

Aluminum Utensil

xY.

.

-iV
11
6%

68

59%

69%

*' 6

■

5%

6%

y Jan

^ Jan

1,000
75

9l/8

Jan

11%

Jan

78,600
7,200
2,900

3%

Jan

67/8

Jan

51%

Jan

69%

Jan

4%

Jan

6%

Jan

100

85

y

~4 %
;

*!

*

Jan

50

Jap

76

Jan

85

Jan

75

83

!!

Jan

83

"5%

700

4%

6%

200

6%

rA;-' ">ff

100

6%

.

13

";

Jan

%

Jan

Jan

5'A Jan

Jan.
Jan

6%

Jah

14%

Jan

A Jan

;

—

30%

Jan

29%

200

29

Jan

73^

7%

7%

1,700

6

Jan

8

Jan

8

7%

8

7%

Jan

8

Jan

4

4

400

29%

29V2

•

Jan

-

,9%
4

Jan

16

Jan

10

Jan

Jan

4%

6%

Jan

Colonial

Plow

500

•

Co

common.!...*.***

Co

convertible

Jan

16

Colt's

Fire

4

*.

300

iy8

Jan

51 %

Jan

1%
54%

Jan

300

preferred.100

28%

26

28%

1,030

24

Jan

29

Jan

1

& Southern

3!

Water Service———1

9%

Jan

Jan

115%

Jan

121

Jan

V

t

c

Conn Gas &

$3

:

extended to 1946-

Jan

300

1/64 Jan

A

Jan

40

Jan

35'A

Jan

38

Jan

Consolidated

A

Jan

Consol G E L P Bait common..

10%

Jan

%

100

6%
■

3%

%

200

-

•

10

Jan

Jan

400

6

Jan

6%

100

3%

Jan

3%

Jan
Jan

4%%
4%

Biscuit

iff
,

Jan

700

14

15%

Jan

Jan
xq

J an

y

Jan

450

7%

Jan

8%

Jan

27 %

100

26%

Jan

3%

1,300

2%

Jan

56%

Jan

58

Jan

111

Jan

115

Jan

103 %

Jan

104

Jan

2

Jan

,

—

8%

8%

8%

•

26%

.

3 %

•

2%

58

115

113% 115

140

,*.—100

103%

103 % 103%

Utilities——1

2%

preferred series C
Gas

15%

900

series B preferred!

Consolidated

1

Co

,14

•

.*

33

190

15%

—1

Coke Secur common—

preferred

100

38

10%

Jan

18

Compo Shoe Machinery—

Jan

Jan

3%

—25

,

Jan

%

800

%'

warrants..

40

3/B

Jan

1%
54%

35%
10.

Jan

4%

1%

4

~8%

j.

Jan

4%

Jan

53%

.1

Public Service

700

.

2Va

Jan

b3%

Community

Jah

.

Jan

4

25

;

;

Jan

8%

7%

.

1%
4

500

2%
—

1

warrants

Arms

Gas & Elec 5%

-.*■

£1
—:

Airlines

Patent

—!»*;

preferred

33

3%




J a*u

13'8f

__

100

Jan

1,800

3%

6%

329'.

A

Jan

1%

?■ ■ ■< jg

•; ■.

._*

common—

Corp;

% Jan

700

~8% ~9%

6%

page

Jan

fs Jan

3

:*—..!
4

Jan

10

8%

.

—

1%

Jan

48

Community

.

%

'3% Jan

*
•

Columbia Oil & Gas—

3%

see

Jan

% Jan

100

4%

Clinchfield

«

.

,V Jan

37/a

10%

Jan

Columbia

%

footnotes

Jan

11

3,400

—....1

Co——

Colorado Fuel & Iron

10 %

For

86

Jan

2%

*
$6 preferred
—*
"City Auto Stamping.*...—*!..!—
City & Suburban Homes..—..—.10

2%

700

16

1

common.!,

Jan

9%

Jan

6%

preferred.....—!—!.
preferred B*._....
.*_
•■$6 preferred BB—
Cities Service P & L $7 preferred

3%

50

4%

16

—

*_*

new

Jan

82

.

10%

60c

29%

10,700

10

Birdsboro steel Fdy ,& Mach Co com—*
Blauner's common
:*—**.*.**

Bickford's

13%

3%

100

$6

•

Berkey & Gay Furniture.*

Jan

10% Jan

•

9,500

200

—10

....

•

common

preferred..:

Jan

8%

Jan

—

100

1%

4%

4%

~87/a
...1

5

7% Jan

200

—1

preferred.—,

Commonwealth

common

Jan

3«

sK-

3%

'

Aircraft

Jan

1,400

11

1%

100

A'rcraft Co..

200

.

4%

la

i

—*

Jan

%

3,100

'

Beech Aircraft Corp__

82%

'

1%

w»-

Beaunit Mills Inc common.—
10
$1.50 Convertible preferred*.....—20

Bellanca

Jan,

Jah

80

Jan

100

8%

83%; 86

50c

2,400

31%

30%
4%

^

3

100

,7%

pfd

Jan

20%

Jan

*

L.

11%

I

Products.

Light 1%

Clayton & Lambert Mfg.
Cleveland Electric Illuminating—

;

& Co com

preferred

&

Claude Neon Lights Inc

20%

common

Refractories;Inc.

Baumann

Steel

Ohio

Cities Service common..

Jan

10

—_

$1.20

6%

'

5

12%

6%

Childs Co

17%

16%

•

Baldwin Rubber Co common—......!!
Barium Stainless Steel..;
1
Barlow

Jan

5%

2,500

A

Elec com!—*.*

Gas &

Jan

4% Jan

Jan

16%

,

...

—

12%

1,500

*8

3%

Cleveland Tractor

——

%'

%
5

*—10

& Co

Jan

•" Jan

Jan

Locomotive—.

preferred

Jan

i^ff Jan

40

~8%

Cherry-Burrell common
—5
Chesebrough Mfg———.*.!—_!*25
Chicago Flexible Shaft Co.—*_!..*..5
Chicago Rivet & Maoh
—_._4
Chief Consolidated Mining
—.—*_!

Jan

,

29

Jan

6

16%

,111%; Jan

Jan

%

300

24,900

iff'

Jan

3% Jan

325

4%

Iff

...1

for common

82%~

%

Strip CO—5
Charis Corp common***..—*—.—.10

Babcock & Wilcox Co.—*.
warants

Jan

"

of America———!..*.1

Power

Clark

Purchase

~6%

80

Chamberlin Metal Weather

.—5

—s

Jan

Jan

1%

200

700

:~6

———*.*—•

Central & South West Utilities

B
Baldwin

common.*

Co common..

Central

.—*—..—25.

Collieries

2

2%

2

12%

Central Maine Power 1% preferred.100
Central New York Power 5% pfd—100

12

pfd*.100

warrants—.—!.,

Patoka

Jart

2

——•
—1—1

2%

12% Jan

Rayon Corp——*.—*———*1-:-

Ayrshire

Jan

11%

preferred—*

*—

Jan

Central

com

13%

Jan

**—*_•

common—_*

preferred—.^

$6

Jan

•

class A

Co

Carolina Power & Light $7

Jan

Industries--

Tobacco

Jan

100

11%

2%

.

1%

5%

Drop Forge common.—.
—5
Atlas Plywood Corp.........
—*
Automatic Products..
........ 1

Axton-Fisher

13

11%

11%

Products
class A——*——*—**,; "■;*!:

1%

6

-

14% Jan

Co

8%

14,100

91%

11%
5

preferred.;

Jan

Jan

■

2,700

91%
6

Atlas

6%

Jan

31

^

,

44,000

9

Machine—...
Avery (B F) & Sons common—*.;

11

30% Jan

preferred*..*.—,100

2%

200

'

2%

Voting

Jan

10% Jan

110

14%

Canadian -Marconi.*—*.—!*!.—*!—.!:

1%

Atlanta Gis Light 6%. preferred.*—100
Atlantic Coast Fisheries
I
Atlantic Coast Line Co—...........50

Automatic

Jan

46%

100

*

Jan

'Cessna

Atlas Corp

Jan

-.*

voting.*—

V4

8%

...

44%

...25

..*..

3%

dep rects reg———£1
Associated Laundries of America.—.*.*

Atlantic

voting**...,

66%

8%

& Coast RR Co

200

Canadian

Jan

American

Atlanta Blrm

Jan
Jan

2%

.*

Jan

2%

Associated Tel & Tel class A

46%

63
,

10%

5

Assn.

Jan

.5

Associated Electric

Insurance

Jan

Associated Breweries of Canada......*

■

Jan

31

2

.2%

..—10

common

2%

10%'

...—1

60

Refining Co.!——1

&

Corp

100

.

Ashland Oil

600

30%

—10

Power

1,600

Arkansas Power & Light $7 preferred.*
Equipment Corp.
•
....1

Art Metal Works

Jan

2%.

pfd—100
Canadian Car & Foundry Ltd—

2%

500

2%.

non-voting.l.——*

Aro

Electric

Tungsten

45
5%

3,300

~2%

Arkansas Natural Gas common..—.—*
A

61

63

10%

20

3%

8%

class

20

;

50c

66%

"l%

preferred—

3%

_50o

trust certificates..—
Sugar Estate
!

'-,3%

5

1

6%

1/0

Jan

Cable Electric Products common

66%

Apex-Elec Mfg Co common
.....—*
Appalachian Elec PwrAV»% pfd—100
Common

,

2(1% Jan
,

; 3,900

&

"3%

Anchor Post Fence—.2

:

Jan

'

common——*

—*—

Jan

Canada Cement Co Ltd 6l/2%

•

'

Angostura-Wupperman

2

Jan

1,300

26%

American Superpower Corp common—*
1st $6 preferred..—
\
$6 series preferred!.-—————.*,

Paper

Jan

4,600

12 %«

:

x26

—

Writing

Jan

3%

Jan

30%

(F\H)

3%

20 %

13%

Republics
—10
American Seal-Kap common.—2

American

Jan

8%

Jan

Jan

12%

13%
•

*

American Thread 5%. preferred

13%

Jan

Co com.......——*25c

101%

Jan

30%

46%

...

American
■

Jan

Jan
Jan

33

Chemical..!

&

Jan

7%
3%

/

19%

12%

800

—wt-

*.*,

Potash

11%

1,300
1,400

—

3%

30%

«.

Co.

American

9,300

8%

3%!

■

Jan
% Jan

•

Am dep rets'—

9 3%

50

6,900.,

25

American Meter Co...*..

13%

1% ~3%!

—2.50

29%

100%

Laundry Mach—
20
American Light & Trac common—25
6% preferred
—...
..—.25
American Mfg Co common—....100
•'Preferred -*~
—*...100
—

Sullivan

&

99% 101%

American

American

23%

23%

1
—..1

American Hard Rubber Co

12%

22%

•

.10

4%% preferred
1.*
100
American General Corp common—.10c
$2

Jan

Jan

,

4 Vb

:

''

Burma Corp

American

Jan

%

%

%

_.**

—

4,900

•

%

Jan

6%

300

';%

——*.5-

Co common.

38%

18

A

23%

Jan

45

**—*■
1

39%

%

;

,

,

2%

..1

38%

16

'

iV Jan

Jan

1,600

..—10s

reg

preferred——

$6

Bruce

Jan

18%

.

50

i

Jan

6

300

....

38%

18

i8y8-

♦

4%,

2%

Buckeye Pipe Line new
Buffalo Niagara & East Power-^—
$1.60
preferred.—:
**..—**25
$5 1st preferred
.1——**—•.

16

200
:

%;'

A

Bruck Silk Mills Ltd

38%

Jan

3%;

preferred
*—..—**
Brown Forman Distillers...
..——I

Jan

13%

Jan

Class

Jan

Light-

Class B
American

12%

23%

6%

814

£1
reg-———£1

Brown Rubber Co common.*

A——***.. .25

Class

A.

.

*Z*
ZZi

100

13%

250

23%

'

!

Celanese Ltd—

British

Jan

%

Jan

Tobacco—;

dep rects ord
dep rets ord

Am

Jan

100

%

46%

Jan

31

Brown Fence & Wire common
American Capital class A common- 100
Common class B-—
10c

20

50

6i

—*

British

Jan

23

Jan

Oil Co.._.——.*

%

100

'5

Co common....

American

103%

Jan

Jan

3%

13%

"i%

A

British

Jan

20%

6%

Jan

'

Brillo. Mfg

A Jan

•

39%

Jan

13%

—100
——!.
•-

Jan

95

Jan

3%

fs

—

Jan

6 ¥2

38%
6

6

preferred—...*——r.l.... 100

.-Class'

Jan

100

3%

B—*—

Class

18

100

8%

Ai

Corp. class

7%

Jan

108

Jan
Jan

103%

—1

...

.100

Co

: 1,850

*100

preferred
,.,*
Beverage common..*

American

American

105%

'

Aluminum Industries common.,
Ltd common

1,450

'

13% Jan

.100
.—*

107

Jan

Jan

500

3%

"

<

11%

\i

3%

%■

—1

Preferred

26%
•

High

Jan

600

•

6%

23%
6

_*

Machine

%

10%

'

1

Bridgeport Gas Light Co
Bridgeport

Allied Intl Investing $3 conv pfd—
Allied Products (Mich)..

Class A conv

Jan.-

3%

Low

2,500

39%

50

50

!——*
..!—..
1

Corp common
Aeronautical

Range Since January 1

,

11%

3%

'

,

;

Brewster

^,'

'■

Alliance

Breeze

Jan

93
'*

—

Jan1

105

Jan-

91%

ZZZi

Alles & Fisher.Inc common..:

72%

Shares

6%

6V8

!—100

1st preferred....
$5 2d preferred—.—
Brazil.ah Traction Lgt & Pwr

High

39

39

—

7%

Jan'

.

11

II

100
Borne Scrymser Co!
25
Bourjois Inc
...——.*
Bowman-Biltmore common—
.*

Jan

♦"■••2

Jan

1st preferred.

1%

2%» Jan

27%

Jan

72

,

*

Alabama Power Co $7 preferred
$6 preferred
!—

for Week

Low

11%

common————1

Ridge Corp common
:
—1
$3 optional convertible preferred—.*
Blumenthal (S) & Co..——.——
•
Bohack (H C) Co common...——•

——*—-

———

(E W)

Sales

Range
of Prices

Par
Bliss

Jan

18%

Week's

Last
Sale Price

High

17% Jan

5

Corp_—

Investors

Low

360

Exchange

Week Ended Jan. 22

Range Sincb January 1

High

17%

Curb

Friday

blue

1

Convertible

.Warrants

Low

>

18 Va

York

New

Shares

1

-

B—

Aircraft Accessories
Air

y

..10
-10

Ainsworth Mfg common..——.
Air Associates Inc (N J)
*_.

,

'

Par
Par

,

Acme Wire Co common—

III' III lilliM lllllll Illil IIIIIIIIIHBI1IHI fimMH
STOCKS

for Week

of Prices

Saturday,

on

,

II III II

I

Sales

Range

Last
Sale Price

Exchange

I

Week's

Friday

STOCKS

lill

the; week beginning

It is compiled entirely from the daily reports of the Curb Exchange itself, arid is intended to include

present Friday (Jan. 22, 1943).

Jan: 16, and ending the

!

300

57%

57%

2%

2%

60

3,000

27% Jan
3'A Jan

2%

Jan

COMMERCIAL & FINANCIAL CHRONICLE

THE

326

Monday, January 25, 1943

NEW YORK CURB EXCHANGE
Exchange

Curb

of Prices
Law

Par

Consolidated

Mining

Consolidated

Retail

8 %

3414

Smelt Ltd—5
1

&

Consolidated

Steel

Oil-

Royalty

Consolidated

200

414

1,200

107

107

3%

50

414

Jan

General

Jan

7'rt

1%

200

1 lb

Jan

1%

Jan

77a

4,100

5;%

Jan

77b

Jan

prior preference

Co

Range

Copper

Cornucopia Gold Mines
Corroon & Reynolds
preferred A

$6

Cosden

—

American

C

W

4%

..

Jan

76

9%

82

Jan

Jan

1074

Jan

$3

814

200

3774

1,450

474

Jan

3,200

A

Jan

$5

'

514
%

7b

1

801b

.

81

7b

Power $6

30

79

•

5 %

Jan

(A C)

*

Petrol

Cent

International

Crown

Cork

Crown

convertible

A

Glen

Jan

Godchaux

14%

Jan

Class

Jan

6%

Jan

Goldfield

Consolidated

Mfg

17 b

1414

200

137 b

Jan

6%

100

57b

Alden

$6

preferred

9,600

157f

Jan

18 14

Jan

*
1

101b

10%

107 b

2,800

1014

Jan

10 Vz

Jan

Gorham

7

%

2,800

32

Jan

%

Jan

1%'

lib

800

lib

Jan

1%

Atlantic

Sugar

Cuban

Tobacco

common-

Lighting Inc

Curtis

Mfg Co

Cuban

2%

27 b

3,300

2%

Jan

27b

Jan

Jan

77b

Jan

Gray

1

2 Vz

lib

1/200

Jan

1%

Jan

Great

2014

50

20%

Jan

7b

Jan

714

20%

11
1 (»

19%

.

Jan

%

20%

Jan

';.

■

■■

■
,

127b

127 b

1174

11

7,700

127b

Jan

Jan

Inc

$3

Darby

Petroleum

Mills

Class

A

%

Grand

Dejay Stores—
Dennison

$6

———_1
5

—

Mfg class A common

prior preferred—.

8%

debenture

A

convertible

6%

•

com

preferred

Gasket

to

.

:

1

:

9

——

16

16

12%

12%

26

26

300

814

Jan

15

Jan

16

1174

Jan

12%

Detroit

Mich

Detroit

Steel

Stove

24%

Jan

26

Jan

31b

Jan

3%

Jan

,

174.

Jan

17b

Jan

3 Vo

'1

"

31b

300

17b

!

i-v-.

17 b

1,200

—

"174

—

■/

Jan

53

Jan

50

-

~1% "174

Mfg

Truck

Co

100

9

Jan

62%

Jan

Jan

Jan

9

7%

—1

common

Dominion Bridge Co
Steel

Great

74
2

:

15%

15

"474

■■;

15%

14

200

~474 ~4.%

-

'

__

Va

Jan

lb

Jan

2

Jan

15 Va

Jan

Jan

Jan

"3%

—

Jan

57b

400

Jan

Duro Test Corp common
Duval Texas Sulphur

_1

4

Picher
Gas &

Va c/o

6','c

Lead—...

Fuel Assoc

Jan

2114

Jan

7%

Jan

7%

621/4

56%

Jan

6214

Jan

2414

100

24

Jan

2414

Jan

Jan

66

Jan

3

Jan

Jan

1 Va

Jan

Jan

8%

Jan

214

1%

114

200

1 lb

Jan

8

l >/8

*

prior preferred

IToo

.

preferred
Malleable

States

$6

7%

49 %

8

17b
4914

series

23%

21

24

20

2014

♦

preferred series B__.—..

6

45

Jan
Jan

6,500

12%

Jan

14

Jan

225

26%

Jan

28

Jan

600

5%

Jan

~~A

200

3:ia

Jan

23%

150

22%

Jan

4%

4%

100

3%

Jail

4%

Jan

3%

3%

700

314

Jan

3%

Jan

67%

Jan

Vk

"

;

-

3%

68%

300

72

50

129% 131%
29%

..25

—

pfd— —*

29%

6

6%

1%
.

29

6%

..25

—

;

6V2

Jan

98

Jan
Jan

«7j

Jan

23% Jan

129

72

Jan

Jan

131%

Jan

1:%

1%

39%

Lamp

Co...

Hammerinill

Electric

Hartford

Rayon

Brewing

cfcfs

2714

29J

Jan

5%

Jan

61

Jan

200

1%

Jan

2

Jan

Jan"

40

6,500

37 '4

Jan

40

Jan

10314 105

50

102V2

Jan

105

Jan

107% 107%

105

10

107'/a

Jan

10814

Jan

4%

Jan

Co!j._

Hecla

preferred...

Co.—1.

Mining

Class A,

common..

...2

Rubber

Hewitt

pariicipating

Holophaiie Co
Horder's
Hormel

(Geo

to

A)

(A

Ci

&

Co

Jan

33

1,100

Jan

3%

Jan

2

Jan

2%

Jan

334

31

20

Jan
Jan

Jan

27b

Jan

35%

Jan

47 b

4,400

4%

Jan

5

Jail
Jan

6V2

61b

200

6 lb

Jrfn

6 Vz

Jan

9

914

100

9

Jan,

91b

Jan

6

Jan

6

Jan

Jan

23

Jan

.

(Harvey)
Oil

V

t

'

8%

100

22%
7%

100

814

Jan.

814

Jan

11%

11%

100

11%

Jan

11%

76%

250

75

Jan

76%

Jan

16%

16%

16%

500

15%

Jan

16%

Jan

8%

Jan

81b

19%

30

30

23% .2314

6%

300

30

.

3,400

19

2314

734

IIOO

Inc!—...

to-Refining.

Jan

'Jan

18

Jan

Jan

20

Fibre

113

20

29%

Jan

30"

Jan

125

2314

Jan

257b

Jan

113

20

113

5

——

113

Jan

147b
61%

...

Jan

;

Jan

16%

Jan

611b

62%

3,100

60

Jan

6214

Jan

3%

:::::::::5

Corp..

/

3%

600

3

Jan

3%

Jan

%

Jan

550

8

Jan

9%

Jan

*200

1

Jan

1

Jan

374

Jan

4%

Jan

1%

Jan

Ligonier

for

c

22%' 22%.

1st

Tj* ■".%'

;

TI—1

preferred

9%

8

Securities—»

"

•

93b

1

1-

4 %

414

1,800

Jan

274

100.

35%

Jan
Jan

1%

7514

III*
III1*

1——

preferred

Hydro-Electric

3114

•

Jan

l'/a Jan

4%

"4%

•

!_.

common...

Huyler's common

60

20

1,900

Jan

76%

Hardart....!-

Jan

3174

3%

100

2%

33

8

M__

G

C«{ common

Horn

Horn

Jan

33

•:

Jan

Jan

%

•

2014

12

400

3%
20'

.'2"

Jan

—

24

Jan

i«

10

commdii—.u,

Inc.—

Jan

1014

18
43

10

1

Consolidated

Hollinger

Jail

550

3%
20

2V2

.5

& Co-class A—-—-4

(R)

Hussmann

11%

3%

A—...•

......a

Hoe

Jan

1174

,

Jan

1%

25

Chemical

4914

Jan

Jan
J a 11

400

i__.„2

•

common

Jan

12

%

%

%

_•
...—_•

—Ij._

Henry Holt to Co

Hummel-Ross

Jan

25c

_

—if

Co

Humble

1014

4Va
18
42

__50

Rubenstein../.

-

Jan

150

100

'

Helena

Jan

1174

4%

~~

1

Dept Stores
convertible

"4%

4%

1

at America jB non-cot com—1
Corp...
1i—...
-•
common— —5

Hat Corp
HaZeltine

1%

1174

10
25

...

trust

voting

19%

50

—5

—

Paper.-—Light—

Hartford

20

2,850

39%

650

400
>

*

Alabjastine..:

8

...

A.

'Jan

6%

,

#

to

42

525

45

20

•

4%

...

common. ,25c

4
$5.50

Utilities

Jan

2,800

*
.

14

27% ; 28.

72

Papef*^.
Products

Jan

714

1,800

1 lb

..25

Iron-.

Corp

preferred

:

1%

.100

Eastern
Eastern
$7

•

Jan

H
Rail

Jan

70

66

10

common...

13 %

«•

■

.100

preferred..

5%

East

Jan

89%

96

stock

to Die*

Hubbell

Eagle

Jan

Jan

89%

Tea—

Heyden

200

_*

—

Jan
Jan

6

24

62 %,

common

•47b
*

7%

7%

——*

Hosiery class B

10

89%.

101%

23%

—

■

5

Corp—

Oil

$6

Preferred

61

lft

,

—

13 %
...

....1

•

common

Stores

Heller

25

—

Co—

Duke Power Co—
Durham

— —

100

74

21V4

Corp..

Driver Harris

"7b

,

1

B

<

'■

*

,

Pacific

&

Northern

6%

Ltd

Coal

&

Jam

45

1

preferred.!—

1st

Hearn

10

common

Mines

Co....

Non-voting

Jan

62%

'

9

—

7%

x8%

'

._*

common—

Divco-Twin

Dominion

10

common-

Shoe

Dobeckmun

Draper

1

common-!

Co

Jan

100

—....

Atlantic

Harvard

Jan

"l%

2,200
'

1

Products.

De Vilbiss Co
Diamond

Foundry—*

50

31

__

'

'

Gray Iron

3%

J an

4%k Jan

89%

Jan

30

75

preferred without warrants—20

Detroit

; 101% 101%

Jan

150

*

—1

Mfg^

Jan

Jan

Jan

9

100

Derby Oil to Refining Corp
Detroit

9

50

—

Jan

3%

i.*

;

-

Rapids Varnish

Gypsum Lime

9

-35

convertible—.

Jan

31

common.—— .......10

Mfg

Gulf

_5
*
1

common—

Hosiery

Rubber Mfg

U
57%
103%.

—

.*

a_4__

preferred

Grocery

D

Dayton

Jan

Jan

50

class

Gulf States

Davenport

•

—

Co

Greenfield Tap

•

(Mo)

'

Jan

•

2.50
5

common

Va
52%

•

10
_5

Curtis

110

Jan

>v

;

—

Coal

•

Goodman

common—.——•

Refining

200

*

Sugars class A—

preferred—

13%

25c
25

preferred

%

57%

8

103%

_*

B

1614

■

Oil

Crystal

Jan

Jan
Jan

Jan

1814
••

'.

1

115

6%

..5
•

Drug Co common

Jan

33%

•'

•

—

81

700

14%

*

(Md>

65

Jan

-*

—

...

Jan

17b

Gorham

Crown

Jan

30

56-

*

....

Co

5

Crowley Milner & Co__

61

70

*

preferred.—

High

DO

33%

%

1

common

;

common;

preferred
Gilchrist

$7

Co————

Low

65

—■

*

preferred.—

Gilbert

Jan

%

.

1%

,

(ord reg)—£1
——

Range Since January 1

High

pfd A__100

Electric

Jan

.74

300
...

Jan

3774

Jan

*

—

to

preferred—.;,

Shares

32

,

1

com—

6%

.

forWeek

62

65

*

;

preferred
Rubber

&

Water Gas

Gen

Jan.

9%

Jan'

1,700

.

37%

iff

14%

dep receipts

Brewing

51b

.—50

Liquidating Co.

Croft

37%

"lib

Petroleum

Creole

40

2,000

"9%

37%

1

Courtaulds Ltd—

Tire

Low

pfd
100
preferred—*

$6

Sales

Range
of Prices

'

preferred

5convertible

~9

"•9%

*

.

1074

common

Petroleum

convertible

$6

Georgia

*
*
-*
_5o
1

_

82

10

•

—-

Cooper-Bessemer common

80

10 %

1

Cook Paint & Varnish Co
$3

82

.100

Roll to Steel

6%

Service

Rayon Co A stock
General Shareholdings Corp
General

preferred

prior

Adv

General

107

Continental Gas & Electric Co—

Continental

Public

34%

Jan

6%

~77b

Outdoor

Jan

Jan

107

Week's

Last
Sale Price
Par

General

Jan

31

Friday

Exchange

High

1 lb

———10
*

Corp

34 V4

'

4

107

-.100

preferred—

Low

Curb

Week Ended Jan. 22

Range Since January 1

Shares

H igh

33 %

41b

Stores-

STOCKS

York

New

for Week

Sale Price

Week Ended Jan. 22

Sales

Week's

Friday
Last

STOCKS
York

New

Hygrade Food

—5

Products.—.

4

%

,.

•

.

400

Eastern

Sugar Associates—
preferred v t c_—.

S5

...1
*

Easy

Washing Machine B—
Economy Grocery Stores—
Electric

Bond

to

Share:

preferred-——L

$6

preferred

—5 "

.

Jan

"2%

214

warrants

47 la

45

48

1,100

42

Jan

48

Jan

47s/8

52

5,550

4374

Jan

52

Jan

814

814

Jan

9

Electrographic

Corp..—

National Watch

...1

Emsco

Derrick

Equity

Corp

participating
to

Esquire

5%

100

5%

Jan
34

Jan

Jan

stock—

5%

5

57b

600

94 Vz

92

941/2

50

5%

Jan

:•/:. 5 %

Jan

preferred

1

Inc

1

Pipe Line common——
Eversharp Inc common.

Zinc

Jan

5%

Jan

Jan

94 Vz

Jan

50
___*

6%

2%

50

100

614

Jan

ft

10,700

17,;

Jan

650

22'4

Jan

800

214

Jan

50

2514

V2

'

I'tf

25

6V4

24
2

26

Vz

26

27b
26

614

Jan

A

Jan

26

Jan

2%

Jan

Jan

26

Jan

(Can)

Jan

7

7

Jan

1

Jan

25

Jan

41b

4,200

3

Jan

47b

Jan

101b

1014

650

9%

Jan

10%

Jan

1 J

10%

1%
28

29

Jan

£1
Jan

10

_.*

———

....

10%

10 lb

10%

1,000

*

coupon—

10%

10%

10%

200

9%

Jart

107a

Jan

9%

9%

100

9%

Jan

10

Jan

Imperial Tobacco of Canada———

5

Imperial

10%

Jan

&

Tobacco

of

Great

Britain

'Ireland

7%

167 b

167/a

300

16 74

Jan

16%

Jali

91

Jan

93%

Jan

21%

20!b

231a

140

201b

Jan

24

Jan

23

22

24%

70

20%

Jan

25

%

Jan

15%

Jan

17

Jan

70

Jan

73%

Jan

12%

Jan

13%

Jan

274

Jan

47s

Jan

£1

—

Indianapolis P & L 5%% preferred.100
6% preferred
100

preferred—————.——100

Industrial Finance v t c common..—J

preferred

IVc

of

Co

Insurance

—100
North

America

International

Cigar

International

1

900

1,200

3%

27%
.

Industries—

dep rets regis..

Imperial Oil

1%
28

37b

Co.—.....

Imperial. Chemical
Am

_•

preferred...

certificates—

Indiana Service

10c

Eureka

4%
92

*

5

common..:

arrear

Illinois

4'o.—

Power

convertible

Div

Registered

;

4

100

Equipment

convertible

7

Co__..15

Electric Mfg
—
Empire District Electric 6% pfd

Power

400

1,100

Emerson

Empire

834

—

Iowa

Illinois
5%

41,700

5114

...

-

Power to Light '2d pfd A_.

Option

$3

3%

"

Electric

Elgin

3

*

common...

S5

3 %

.10

7214

72

73

13

13%

400

43b

13,600

1,050

Jan

%

Jan

Hydro Electric—

Machine..

♦

'

Preferred

series

$3.50

International

Industries

International

Metal

International

Petroleum

3%

...—50

~i%

1%

1%

1,400

147b

14%

147b

5,300

1

Aviation——

Fairchild

Engine to Airplane
Brewing
;

Falstaff
Fansteel

Fire

Association

Florida
Ford

Power

Light' $7

7%

8

174

1 Vz

174

7%

71/2.

..*
5

(Philal.^

&

7%

.1

Metallurgical——
Mfg Co...
....

Feaders

1

1

——

12 %

4'4

—10

pre'erred

4'4

13%
60

84%

714

Jan

3,000

114

Jan

1%

Jan

200

714

Jan

7Va

85

r

13%

Jan

10

Jan

Jan

500

314

Jan

110

5714

Jan

60

8114

Jan

85

350

414

Jan
Jan
Jan

Motor Co Lid-

Am

dep

Ford

Motor

Class

A

Class

B

Fort

of

£1

reg

3 14

3%

4,400

314

Jan

3%

Jail

non-voting..
voting.

•

17

16%

17

700

15%

Jan

17

16%

17

200

16%

Jan

17

Jan

12%

1574

50

12%

Jan

15%

Jan

.

Worth

Stock

Yards

Indus

17

Jan

Engineer-

•

Common

-

$1.50 preferred
Fox

(Peter)
Co

Froedtert

IV2

C'onv

Fuller
$3

4%

to

214

200

General
Gen

Mfg Co

preferred

Co

100

34

Jan

1%

Jan

Jan

3%

Jan

.V

Jan

•h

Jail

preferred..—<1————„—1*

$1.75

914

97b

700

7'%

Jan

9%

Jan

34%

150

Jan

34%

Jan

3 la

3%

1,500

31b

Jan

37's

Jan

1%

1%

100

1V4

Jan

1%

15%

550

14 %

Jan

16

Jail

77 b

200

7%

Jan

B

Jan

27b

1,000

3

Jan

lib

prior

Interstate

preferred

Home

Hosiery

Mills

Investors

Royalty....

Fireman

3%

Equipment—

Power $7

34

*

...

For

Jan

—1

—

15

15

Mfg voting trust ctfs.

7%

Air Chute—

15%

Jan

Jan

2>4

Jan

Jan

11%

Jan

Jacobs

Jan

20

Jan

Jeannette

914

9

914

2,200

Jan

Jersey Central Pwr to

9

Jan

9%

48 %

48

4814

100

45

Jan

4814

Jan

27b

Jan

100

1

Jan

70

70

25

66

Jan

70

Jan

76

76%

30

69>/4

Jan

76%

Jali

79•

Jan

85

1334

Jail

13 34

Jan

100

115%

Jan

11514

Jan

—;—100

20%

Jan

20%

Jan

6%

Jan

6%

Jan

5 Vz

Jan

5%

Jan

(FL) 'Co—1..
Glass Co^.i

6%

2%

27b

lib

pt 5Vz% pfd

I

preferred

lr>r

—1

....

preferred

.100
'

.100

.100

13%

Kansas Gas & Elec

1

common

Alloys Co

Jan

1

%

_

Jan

1

Jan

14

Jan

common

see

7 Vo

(George E)
1st

page




2

Jan

2

Jan

329.

•

•

Kings
5 %

13%

13%
104

14

1,000

106

40

13%

Jan

96

Jan

14

10614

Jan

Jan

7%

Co-—

r

50

Jan

■Jan

1

Inc

5
to Lamp A.—

Co Lighting 7%
preferred D
i

Kingston
Products.
Petroleum—-i

Kirbv

preferred

preferred'.i.

Ken-Rad Tube

1
10

A

Fireproofing common
& Elec $6 preferred B
footnotes

Keith

Kennedy's
£1

reg—.

1374

1 %

K

100

Electric Co Ltd—

Gas

32

•

preferred——„*

•

common.

General Finance Corp
5 c,'o preferred series
Gen

Jan

3%

Jan

*

Artier dep rets ord

General

Jan

600

214

19%

1

-

preferred

Gellman

71b

500

'

stock

Power

Jan

Jan

67b

fa

»
*

Julian & Kokenge Col.

5 '/f

14%

1%

Razor B—

B

1114

214

__1

15

common

Co—.

convertible

Gatineau

600

Jan

h

Utility plass A..—

Irving

"67b _7%

Jan

14%

1 Va

Safety

Class.

Iron

"6Y8

Jan

8 %

Jan

—*

International

15%

1

Malt

participating preferred

conv

%—*

:—

17b

Jan

Italian Superpower A.

10c

5

Distilling

(Geo A)

Products

Jan

1

Brewing Co

Grain

shares.——

Interstate

——•

—

shs„*

International

Interstate

Canada—

Foundation

Franklin

Registered
International

$3.50

rets ord

coupon

Jan

2,400

4 Vz

5814

*

800

Industries A__—_*

8%

13%
14

Inc

-

Fairchild

pfd B

•

574

,574

574

50

10C
32

100

Jan

32

Jan

__1

1

%

17b

700

1%

Jan

17s

Jan

—1

2%

2%

300

17a

Jan

2%

Jan

Volume

THE COMMERCIAL &

Number 4145

157

STOCKS

New

York

Curb

Week's
of Prices
Low

Par

Kleinert

Knott

Kobacker

4 'k

500

474,

5ah

4 Va

Nelson

4%, Jan

95

-

280

97

92

Jan

97

100
-10

—1

~4%. ~i%

-

100

4'/a

13
4 V2

Jan

2

174

2

30

28 V%

30

325

Shore Mines Ltd——,

Lake

27',4

24%•

>

.

—1

9%

v

914

Lakey .Foundry & Machine—

.1,1

2Va

•

274

Lamson

390

20,Va Jan

—5

Corp of DelawareLane Bryant 7%. preferredWells Co

Lane

England Tel & Tel—!
Haven

—

Mexico

Jan

New

Jan

N

Y

Auction

Jan

2V2

Jan

N

Y

3Va

Jan

3 V2

Jan

N

Y

A

N

*.

''

.

'

\

'

.

k1

Y

N

^

B—**_*—*—

4'4

'

4%

25 •>

47b

25k

'•

8,000

•

—

24%

Co—ii,*

-

5

.

8

200

8

Locke Steel Chain———
Lone

5

Star Gas Corp-——

13 74
7

*.

Long Island Lighting commoru—4
7 <h preferred class A
.100
.100
6% preferred class B—
**

%

Y

Niagara Hudson

Water

Loudon

Packing—

Jan

A2p4 jan
8V2 Jan

14

Jan

Land

Louisiana

Power &

Lynch

Corp

&

Exploration
*.
Light $6 pfd—

common

1,600

Ill

6 Va

•;

V 53A

:

•

Is

20 A

3,600

174

Jan

174

Jan

374
.10

Class

preferred,^

A

%

Jan
Jan

Nineteen Hundred

28

26 V2

Jan

Nipissing

Jan

2%

Jan

Noma

Jan

Jan

North Amer Light &

18'A

Jan

$6

Jan

20'A

Jan

Jan

105

Jan

Jan

99

Jan

1674 Jan

18

Jan

103

Jail

140

lt%

18

150

3974

40

103lA

10

40

2'A

98

'

'

74

Jan

102%

Jan

80

363/4

Jan

43%

Jan

26,700

274 ■!.'

174

Jan

274

Jan

55

59

475

54

Jan

59

48

48

80

42

Jan

48

1/128 1/128

11,000

1/128 Jan

Jan
Jan

1/128 Jan

74

174

374

"3 3/4

700

974

.

preferred.,***—,_*,*i,.100
Niles-Bement-Pond
—^*

6'A

Jan

28

~9 7b

~974

2,600

Jan

3 74

Jan

374 Jan

"874 jan

674 jan

>4

Jan

A

Class

Jan

105

18

98

1/128

73'8

jan

3

Jan

18

optional warrants.*,,—
Niagara Share class B common———5

Jan

1051':

Jan

18

Class B

'"'2%

?

""274

98

optional warrants..*—

Jan

450

20'A

2d

5'/8

•600

Jan

350

18

103% 104%

5574

Jan

4,500

Jan

300

74

3

18

**—•———100
100

preferred

h7(i

2,075

6'A

19%

,

1%

274

20'

,

!"r '■'*■■*-

—,

174

Power common——10

21-V2

1,075

2214 :-26VaV

2% V-../,; 274 ■% 2%v

-

Louisiana

Jan

1%

pfd.100
pfcL4-—~ 100

6%

Service

1st

5 %

Jan

1

%
28

-

6074

Y State Electric & Gas $5.10

N

Jan

4,700

u

23

h!%

26

Jan

100

N

7(V2 Jan

7:,8

'

"

.

28

—

14

7

57%

7% preferred
preferred——

Jan

150

Xi
''ft

!a

1,500

Y Shipbuilding Com¬
pounders
shares———1

Jan

8

^

Lipton (Thos J) 1m<6% preferred.:—25
Lit Brothers common*.*.—_*

5974

28

Y Power & Light

Jan

700

*•»

14

common.......

'A

434
'

-

Jah

Jan

Jan

57%

•

500

Jan

5 74

Jan

13 V»

.10

; 5%
Line .Material

Co

25%

4;'A Jan
!iV Jan

'

'3,900

(R G) Inc—

92%

474

700

573/4

Merchandise——.

$6
N

Lehigh Coal & NavigationLeonard Oil Development—

Jan

300

14

Jan

Leicourt -Realty commonConvertible preferred—

Le Toyrneau

87 Va

220

574

574

-1

City Omnibus warrants—*.*.
& Honduras Rosario

~6Vi

Jan

13%

Process Co common—,—

2

Jaft

Jan

Jan

974

92%

574

Land,—,,

Arizona

&

8Va Jan

1

common

2

30

Jan

9

.25

1,500

10

Jan

Jan

74

1

25

14

common—

5,200

2 Va

••

Jan

25%

93A

91%

—100

Clock Co.*———

Inc

Jersey Zinc,

-100

Langeudorf United Bakeries class
Class

10

27V2

1274 Jan
109

Jan

New

100

Jan

93A

*

—

New

J)*

High

Jan

109

15,025

preferred———*——100

New Idea

(N

10

—1*

New

RR

Low

109

—•

New

Lackawanna

109

*
5

Corp,--—-—

preferred,——

$2

Jan

Range Since January 1

High

12 74

100

1st pld—

(Herman)

6%
Jan

13

Low

Shares

England Power Associates——•

New

Co——

preferred

Nestle Le Mur Co class A—

Jan

for Week

of Prices

*

Co.

Neptune Meter class A—

100

preferred--

Brewing

Kreuger

474

'

special preferred—

H)

(S

Nehi Corp

4%'

Sales

Range

Price

Par

Oil

Navarro

Jan

*

preferred—

convertible 1st

Kress

%

Week's

Last
Sale

High

Jan

-10

,

Inc——

Stores

Hoppers Co 6%

Low

Va

—1

Kresge Dept Stores—

High

Friday

Exchange

Curb

Week Ended Jan. 33

Range Since January 1

-1

Corp comfnon

327

STOCKS

York

.New

Shares

Nebraska Power 7%

Emil) Co Common*.—
(I B) Rubber Co.

(D

for Week

Last
Sale Price

Ktrkland Lake G M Co Ltd—,
Klein

Sales

Range

Friday

Exchange

Week Ended Jan. 22

FINANCIAL CHRONICLE

Corp S—***_*——1

II

74

Jan

3 74

Mines..—_—*_———.5

Jan

374

Jan

1,400

•ja

Jan

x'b

Jail

Electric—*_—*._—1

Power common—1

'•

74

600

-ja

*-"■

iTo.',

Jan

5874

56

5874

250

52 74

24

2474 i

800

22

74

62

Jan

Jan

2474

Jan

2474

preferred.**—*—

Jan

Jan
North American

Rayon class A—

"

Class

B

M

:

North

Sugar optional warrants-

Mangel
.

convertible

$5

-

Stores-;—i

>'

2%

Mfg Co.*.. :_4__ *'■

International

munication

57 y

-

Consolidated

Mapes

Utility SecuritiesCentral Texas Oil—

Jan

Jan

3

Jan

57

26

Jan;
Jan

[

7'A

Co.

RR

!

2

Jan

—*

Public Service 6%

Nor Indiana

.974

>A

i

—1

300

V*

V.

Harris common———i———V

McCord

Mead Johnson

&

••

'•

s

*

'3V4

,

200

i '

8

Northern

States

Jan

!v<:. :

class A—— .,25

Power

53g

Corp.***.

17%

——*

ft-ev 2%

2*4

233,b

125

"

-

22 Va

-

5'A

Jan

Ohio

Brass

--.lij'A Jan
v
8g
Jan

IV2

Jan

Ohio

Edison

9V2

Jan

4.%
•

10

J

23%

•"238

Jan

150

21*

125

Jan

500

;27/B'*

125;

Jan

Jan

2%' Jan
23 Vs

2

Jan
Jan

20

ioo

Jan

x

/"

Scott

&

V

—J

;

5%

5'A

5%

-

1,900

Warrants.

Textile

44

102

!"

102

'..I

i

:

i'A

Preferred

3,400

West

Corp

5

1.1
Hi

fVJ

Ohio

jl.-

6%

Jan

Oklahoma

Mid-West

Jan

A

474

•

&

Supply..

Refineries

Minnesota. Mining

f/,.
7ft

Mfg

&

Pwr & Light

26

•

'

v

Jan

:

~ u

Jan

674

Jail

7

Jan

474

Jan

57s

Jan

x3 74

Jan

4

Jan

1,100

■%

Jan

iV

Jan

2,100

To

r%: 4%

Jan

5%

Jan

50

27%

650

1%

Jan

16%

Pictures

27 V2

Jail

5,100

"1% Ii%'

1%

Mountain

Mountain

Jan

': 7 Vs

Jan

'an

14 V2

Jail

1*3/4

.an

1%

Jan

500

50

55

Jan

-Jan

A—

_

Utilities

4 4

wj/

574

8%

'

8%

'/5

•

5%

18'A

19

•

101

6

Jan

100

8

Jan

4Va

2,800

Jan

17

700

;

1

9

Jan

5%

Jan

Jan

Ii

19

Jan

Jan

1

Jail

Securities

5%

Co

Pacific

Public

$1.30

1st

1%
5 Va

common—.♦

Tubes

Motors

13

'A

Pen

$1.40

preferred

Cent

National

Bellas

National

Breweries

National

109

Jan

20

107

Jan

10874

25

104

Jan

104

104

8%
16%

18

200

49

4974

100

Jan

1674

Jan

Jan

Jan

8%

Jan

18

Jan

49%

Jan

49%

Jan

Jan

112

Jan

374

Jan

4

Jan

3 %

%

100

•

*

pfd

Jan

3 74

Jan

Penn

$6

&

*.*

National

City Lines

Hess

Penn

Water

Mfg
&

Jan
Jail

Perfect

Jan

171 Va

Jan

Jan

v

*

20 Vs

Jan

convertible

Container

National Fuel

1374

Jan

13%

Jan

Pierce

10

11274

Jan

11274

Jail

Pioneer

9

Jan

9

Jan

12%

Jan

13

Jan

474

Jan

600

1274'
674
57

250
75

10

57

6%

Jan

57

Jan

Pwr &

preferred

Conv

Pitts

$3

20

1

:

50
—

1
•

———J

7a

_

Sugar
Tea

National

Transit

National

Tunnel

National

Union

934
974

Jan

%

Power 5%

Gold

Co

200
50

974

00 F-

4

_

__

*

10

-12.50

Radio..

16

157a

Jan

16

45

Jan

46

2,300

9

Jan

9 74

1,900

8%

Jan

—

«.

CO 00

--

175

—

8774

Bess




97a

Jan

72 74

Jan

374

Jan

474

Jan

50

800

.

Jan

3.7%

jan

Jan

11

300

Jan

Jan

28

Jan

2874

Jan

2974

Jan

434

Jan

14

974

45,500

I

107u

1,300

1% jan
974

Jan

.1074

Jan

Jan

44

Jan

Jan

28

Jan

82%

Jan

76

Jan

150

Jan

74

-

■

-Of

7474

.:

■

150

Jail

Jan

57 a

I~4%
974

10

45%

Meter

...

625

4 Va

4%

400

5 7b

■

100

574

500

.

Inc

Jail
Jan

23 74

Jan

4

Jan

474

Jan

5

Jan

574

Jail

Jan

Jan

3274

474

400

474

Jan

4%

10,200

874

Jan

97a

Jan

45 7B

600

42 %

Jah

45%

Jail

8%

4%
9

42%

•

Jan

Jan

8 3/8

1,000

874

Jan

1 %

1%

6.700

17b

Jan

174

Jan

1,500

6

Jan

6%

Jan

50

38

Jan

39 %

Jan

473A

Jan

53%

Jan

Jan

11

Jan

52 74

53 74

7.50

common

106

Jan

2174

107-s

"i'/ft
5374

88%

1

common

Scale

Jan

105

53%

32%

38

25

Jan

25

32%.

Va

674

270

10

Glass

Jan

9%

32%

6

Plate

51%

23%

38

50

150

106

*

Metallurgical

Jan

150

23%

.50

RR

75

8%

•

1

Jan

125

53%

105

I

1

Ltd..

76

60

%

76

150

52

4'A

*

550

82%

"""

10574

i

common

E

8174

150

25

;

Postage
L

&

cn

00 C\l

.2374

pfd—

Pittsburgh & Lake Erie

Jan

Mining

Potrero

Sugar

Jan

&

Jan

9%

Jan

9%

Jan

Jan

--

—

89 7

ft

Jan

Power Corp

Pratt

86%

8874

1,800

8474

Jan

8874

Jan

27 b

200

2 74

Jan

27b

Jan

400

87'2

Jan

27b

~9%

10

9%

Jan

10

—.10

Co

25c

common

Jan

9,400

5

Jan

of Canada

•

Premier

Gold

Prentice-Hall
Pressed

Inc

America

Nevada

Prosperity Co class B
Providence

;

250

Jan

5 74

1

7b

5 74

900

3%

Jan

7b

400

A-

Jan

5 V;

Jan

Jan

21
6

Jan

Jan

34

Jan
Jan

47
%

Jan

Vs

"5

74

Jan

Jan

34

57'!

Jan

7i

Jail

Jan

5

Jan

Jan

8

Jan

lOfiT-i

Jan

106%

Jan

114

Jan

114

Jan

107

Jan

5

•

Gas

%

1,000

"

1

Jail

19

IB

*

common

of

21

74

1

of

Corp

21

•

Mining

Metals

Producers

Co

1,1

Jan

5%

1,000

3%
4%

374

5

Alexander.....

& Lambert

4

77b

7%

Public

47a

200

3%

Jan

4%

Jan

774

400

67a

Jan

734

Jan

1074
••

974

10 I'¬

1,400

9%

'

Jan

7

Jan

11

.

11 Ma

117B

ll Va

400

27 a

100

10%
7

Jan
Jan

Service

of

7%

•

Colorado—

6%

1st

preferred

100

7%

1st

preferred

100

114

111

114

10

*

107

102'4 107

600

101%

Jan

Puget Sound Power & Light—
$5 prior preferred
$6

preferred..

«

Jan

11%

Jan

27 a
••

329.

Jan

—

__

page

Jan

78

■

9%.

27B

...

106

27%

*

common

Mines

Polaris

7

v

4

Mines.

see

16

—

Jan

44

1

,*_*

common.:

Governor

Powdrell

46

9%

Jan

Jan

_■

__

preferred...
...

footnotes

—

16

4

Refining

b

5
1(T

•

common..

5 % %

1,400

46

.

__

Rubber Machinery
Steel Car Ltd

National

,

•

16

Jan

—

*

common.

stamped

National

"334 "474

1074.

•

(Del).

National

2974

*

preferred series A_**„

Pneumatic

Light $6 pfd unstpd—*

Refining

2874

"4%

•

Jan

■'

_

Gas.

2874

—50

Pleasant Valley Wine Co

—

common

Jan

2974

73

102 %

*

com.

—

Rubber

Pitney-Bowes

9

'

Mfg & Stores

11

*

Securities

150

*

preferred

'8,900

17

10%

100

Packing

Jan

4

common

474.

•

17

1

Co

Phoenix

5Vb

112%"

9%
33 7b

Jan

25

common.—

Phillips
Jail

*—'

40

11

_*—1

Co

Phila Electric

4%

13 %

A

;

Co.

Mfg

Circle

1,030

5%

■

90

78

4

10

Power Co..

Pharis Tire &

Pepperell

5

Vn,

%

28

77

—*

Salt

Jan

..

1

28

7234

106

.

4%

.*

A—

Sugar Prop

1%

__

common

31

•

*.*i

preferred

Penn

Jan

57

*

'

29%
10474 106

29 %

I

Light $7 preferred

Penn

1!%

12%

*

600

300

33 7b

——*

com'

Elec class A

&

Power

2,000

9

100

3274

Jan
Jan

co A0

327a
'I**.'."

100

*_*_.

Airlines common.—

17s

112%

2'A

Candy Co

For

Jan

Pennsylvania Edison Co $5 series pfd.*
$2.80 series preferred..
*

Plough

National

106'A

18

25

Pennroad Corp common—

1%

N

National

190

104

25

Corp..

Co—

174
13'A

*

Nachman-Springfilled

-$6

74 109

10874 10874

Parkersburg Rig & Reel.
__*-_„—1
Patchogue Plymouth Mills
..."
Peninsular Telephone common—
•

5

,

100

-i——...

—*

Pittsburgh

National

Jan

108

preferred

5%

20 Va

_5c

common—,

Light 7%

Service—

Page-Hershey

166 V2

60

•

& Tel—

&

Philadelphia Co

_10

States Tel

Pacific Power

Jan

_—*

Producers

common—

Pittsburgh

National

112

1

1st

53A

100

169% 170%

*

City Copper common
States- Power

Co

Can

%

l"% Jan

53i,

of Col Am shs—

preferred—

National

Jan

Jan

Jan

1

.—10

Co
Muskegon Piston Ring

$3

Jan

111%

1

—*—*.*——

Penn Gas

Jan

5V2

18'A

Murray Ohio Mfg

Muskogee

4 1%

1003A

...1

Investors partic pfd.

Mountain

Jan

6Va Jan

200

53'/% 55

53% V

;__•_*

Montgomery Ward A——■
Montreal Light Heat & Power

Mountain

Jan

.150

,

B

pfd—100

common.*—*

Society

Dakota

Mtge Bank

Jan

—**

6% 1st pfdpreferred.*—.
—*
Pacific Lighting $5 preferred.**
5 74

Penn

2.50

Montana

2%

1874
93

-

112

Jan

Jan

200

7 '/8

16

25%

14: sf

"j% I

*.

Voehringer common
Molybdenum Corp...
4—

Loan

Jan

llOVa

Pacific Gas & Elec

Parker

16%
>

7% pfd.—100

Public Service

Monogram

Jan

Jan

91

Jan

4%. Jan

300

67

1)7%

1

ij.

Monarch Machine Tool—

6%

Overseas

Pacific

*

Moody

Jan

L—•

Jud

Monroe

Jan

■

•

—.

common

Mock

274
17 %

110

112

50

Omar Inc

JAtt

4%

550

1%

10

——

Mississippi River Power 8%
Missouri

Jan

"'III

200

5

16 Va

27%

—50

-

—,

Mining Corp of Canada—!
Minnesota

Jan

10874

Panteptc Oil of Venezuela Am shs.

*

Co—

Piping

Mid-West

600

300

.

conv

Paramount

Abrasive

Midwest

Jan

6 V4
18

112

common..**. 15

Jan

3A
102

A'

common..

Oil

Midwest

Natural Gas

74

—5

common*—

preferred..

$5%

92

100

Jan

Jan

300

574

3%'

iV

~4%

5

dividend shares

non-cum

Co

Ltd

274
1874

18

9274

1st pfd——100

prior preferred
Oliver United Filters B

55/b

Conv preferred—*
'i'vOi

Midvale

7%

1st preferred.,,

Oilstocks

Steel Products—

Midland

Service

Public

Tts

Jan

■

1,200

7

5

374

■

-

—1

common—.

$2

7

1

t c———

Midland Oil Corp

.

c_l

v t

%

474'

74

—-—__—10

•—

Petroleum class A

Middle States

474

**-*'*—*;

Micromatic Hone Corp—

$2

98 *A

4

Jail

1,900

2.50

1

Michigan Sugar Co

Middle

Jah

Corp—————25c

Michigan Steel Tube

v

;%

50

Participating preferred.*.*—2—15
Metropolitan Edison $8 preferred-*—*,
Michigan Bumper Corp——
1

B

Jah

1674

93

274 '

common——•

$6

1%

Jan

—f

A preferred
*_*—100:
Messabi Iron Co—**„*.***—***—
1

Class

'•

400

6 'A

Metal

5.

A

class B

Co

preferred.—.**.——*
Ohio Oil 6% preferred.——*.**,100
Ohio Power 4%% preferred—.*—100

Jan

2

19

:

preferred—-—*———•

Chapman

4Vft

800

Jan

$3

Merritt

1,700

18

O

Jah

4%

Jan

100

2,000

Merchants <fe Manufacturers class A—1

Participating

574

Jan

_9 74

Jan

'Jan

800

9 Va

125
■-?

-,v

.

11A'"*Av 1 '/a

<

Memphis Natural Gas common—5;
common—

55

I Va.
9 Va

i*.

Co

Mercantile Stores

85

liv* jan

..50

.100
preferred.—**•„*—
Northern Pipe Line.**.,——..*— .,10

_».

t C*.

Radiator & Mfg B_.;
McWrlliams Dredging—2

Jail

300

Il5

pfd .100

Ogden Corp common,.——*—.——4
Massey

2474 Jan

974

874

Jan

:

Novadel-Agene

IT'
v

Jan

.

Steam Shovel

Mass Utilities Association

■

Penn

North

Jan

"•26-

Com-

!_——.

Ltd

Co

Marine

Margay Oil Corp.*———.
Marion

%

-1

———-

preferred—w.
(The B) Co

ManischeWitz
Marconi

■'

2 3 74

2474,::/'

..50

American

Northern
Manati

2474

500

82

2474

common.——*——

6% ;prior preferred.—_—.—

Jan

2%

Jan

74

Puget Sound Pulp & Timber
Pyle-National Co common

Jan

34

Jan

Pvrene

Manufacturing

:

•
5

—10

49 74

45%

49%

3,875

45''4

Jan

49%

Jan

874

87a

200

7 V*

Jan

974

Jan

THE COMMERCIAL & FINANCIAL CHRONICLE

for Week

of Prices

Sale Price

Week Ended Jan. 23

Low

Par

York

New

180

72 %

70%

70

100

Jan

147

70 %

Last

Jan

72%

•

Jan

Jan

149

(Hugo)
(S)

Sullivan

Corp

Machinery

Oil

R
Securities

Railway & Light

common

Jan

8 '4

Jan

V4

Jan

13%

Jan

7%

Jan

A

¥4
V2

Jan

500
300

21%

Jan

2%

"2%

200

Jan

15

15

:Jan

"2 %

58

13%

Jan

100

7%

Jan

2y8

2

59%

2,200

8%

2,400

Corp—
Engineering

Reiter Foster Oil

Reliance Electric &

Pendleton Inc—•

Roeser &

~~3%

Roosevelt Field Inc

,

1V2

8%

Ryerson & Haynes common——

Jan

10% Jan

Jan

3%

Jan

Jan

10¥s

Jan

7

Jan

8y4

Jan

1%

Jan

1¥4

14

300

-2%

Technicolor Inc

3%

j/.l

;

3%

3 ¥4

8%

2% Jan

500

-

2%

2%

Jan

Jan

3V2, Jan

Jan

16

16

200

16

53%

800

52 %

Jan

16

Jan

52%

53

"3%

~3%

400

3%

.

1

Jan

Power

•

Oil & Land Co,

Jan

56

3%

Jan

Light 1%

Jan
.Jan

i

'

Co

Tishman

8%

7%

,

Jail

300

17 ¥4

Jan

12,800

"5%;

6¥a

Jan

100

3'A

Jan

33A Jan

Jan

17%1 Jan

4 'A

Jan

.,

5

;

4%

1

1

Realty & Construction
Stocks—

47/a

%

1,000

%

44

44

•

Exports

4%

Vz

_•

& Allied

Product

■,

3 ¥4

■1

8¥«.

.

~3%

2

common

Tobacco

y.

300

j

20

'Jan

4 '
'20

Jan

8% "Jan

pfd——,100

Roofing Inc,.

Tobacco

44

%

..300

.

44

30

/

•

■:

2%

4%? Jan

Jan

,JVa

Jan

44

Jan
Jan

2¥a

Jan

Jan

Tobacco Security Trust Co Ltd—
Arner

rets ord regis

dep

Edison

Toledo

7%

—,

6%

Trans

Jan

3%

Jan

Jan

3%

Jan

¥4

53

Jan

58

Jan

Jan

103

108

Jan

109%

Jan

Jan

Vz

Jan

,y4

%

:

.900

i4

Jan

2ya

Jan

1,000

6'/a

Jan

7¥a

Jari

%

.

7%

—*i*
.

Jan

7¥a

1%

.

10

*■

warrants—

8,600

3\

Jan

%

Jan

3,600

4%

Jan

1%

.

—,—•

Trunz

Inc
Chatillon

Class

340

103

—J

Transwestern Oil Co—

Tri-Continental

56%' 58

^.1

Corp,'——

Lux

56%

•

—

preferred-^—u-100
100

preferred

Tonqpah* Mining - of Nevada,,—

Jan

3%

100

3%

Shovel

Thew
Tilo

Si

Tubize

;

3'A

3%

60.

11 Va

19 ¥4

20

common^

Texas
Texon

Jan

14

Jan

Jan

1

2%

tJan

433A

-

15

:

Todd Shipyards Corp

91%

Jan

7%

200

2%

2%

.

Jan

Jan
Jan

13

100

,8%'

8%

aa

91 ¥4

14,

.2

'{

1 i

*

1

Tampa Electric Co common—,

Jan

400

%:

■

Jan
Jan

•

'

'

—1
—*
_1

Aeronautical Co
Ryan Consolidated Petroleum—

Jan

'/a

Jan

10 y8

400

2 Va

Ryan

A' «ian
24

■jVj Jan
3

700

1%

Ltd——————-—*

Russeks Fifth Ave—_—•---—;—

800

1%

—1
preferred*—1——20
Typewriter--——
*

Royalite Oil Co

3

8'/4

$1.20 convertible

Royal

4,400

10%

—5

1

*.—i

3%

10%

Petroleum Co

Root

%

500

io %

common—J.—-----5^

Cable Corp

Rome

Jan

10y*

100
*

1

24

y8

Va

1
•
1
1

pfd D

■

2

•

1

Republic Aviation
Rheem Manufacturing Co
;**
Rice Stix Dry Goods_._
_
Richmond' Radiator—
1-.
Rio Grande Valley Gas Co v t c—
Rochester Gas & Elec 6%

A
23 V*

*
50c
5

""

51

1,000

'

Reed Roller Bit Co

IVa* Jan.
43

60

8¥a -Jan

Jan

13%

250

13

*

i

Taggart Corp common

13%

Jan

Jan

y4

:

13%

12%

& Jan

7%

-—10
Investment A—;—1
Rath Packing Co. common
10
Raymond Concrete Pile common——*
$3 convertible preferred
•
Raytheon Manufacturing common__50c
Red Bank Oil Co
1
1
Voting

Railway & Utility

High

200

50

—25

Finch Oil Corp

Swan

Jam

1,700

%

Low

13

8%

1

preferred

(Calif)

Co

Range Since January 1

High

14%

15

1

—

convertible

Shares

12¥a

*

j.
——

Superior Port Cement class B comj

Radio-Keith-Orpheum option warrants-

Low

*

Ray Drug Co
Sunray
Oil
6%%

for Week

of Prices

5

Co

Sun

Superior

Sales

Range

,

Sale Price

Par

Stroock

Monday,January 25,.1943

Week's

Friday

Exchange

High

Low

High

Curb

Week Ended Jan. £2

Range Since January 1

Scares

Stinnes

Quaker Oats common
6%
preferred—;
Quebec Power Co

>

STOCKS

Sales

Range

Last

Exchange

Curb

Week's

Friday

STOCKS
York

New

*

Corp

5 ¥a

—,

45 Vi

1

A

5 Va

Tung-Sol Lamp Works—,,—*—1

6

42%

45%

39

850

6

Jan

Jan

45'A

Jan

2

2

300

1¥4

Jan

2

Jan

7

—

7

100

6%

Jan

7

Jan

Jan

/

preferred—,—*

convertible

80c

.

'

500

%

.%

A Jan

U
St

pref—

50

conv

preferred—

1%

Oil

Dome

350

3%

118%

Jan

Jan

3%

Jan

A Jan

%

Jan

Jan.

24¥t

Jan

27 V»

Jan

%

75

27%

1%

Jan

2 %

200

iff

i«r

27

27%

Jan

115

13,400

7

7

1 %

5,700

118

3'A

3%

Co

1%

1%
115

118

—1
Samson United Corp common—
1
Sanford Mills————>——V
Salt

Schiff * Co

A)

preferred

Convertible

Manufacturing

Scovill

Scranton, Electric
Lace

Scranton

preferred

$6

3/.

1
25
.25
•

common——

Jan

%

23

Brook Water Service—
$6
preferred————
*
Scullin Steel Co ; common—
*

12 %

Jan

75

22 y2

'.26

Jan

1,200

,25 Mj

Jan

10

26%

18%

17%

Jan

12.%

Jan

¥e

23 t-r;

23

26

200

2,900

12-

18%.

Jan

i? Jan
23

,

26%

18%

■

Jan
Jan

Jan

Scranton Spring

1—

General—

Securities Corp

Co—

Shoe

Jan

7%

52%

Gas

Union

Investment

10

Aircraft

United

Chemicals

•

1

Jan

5%

5%

Convertible stocks

5%

3a

.

Jan

%

Jan

5¥»

Jan

Jan..

%

2,500

4y2

Jan

900

V\

Jan

——.——5

stock———25
certificates—;
—-—-

$5.50 prior

A..

•

3%

3

52%

52

52%

52%

52%

52 %'

.;■■

.

,

400

3%

'

52 y4

200

Jan

52¥4

Jan J

52 y4

Jan

500

2

Jan

1%

200

1%

Jan

1¥4

Jan

100

3¥«

Jan

3¥a

Jan

5%

800

5

Jan

5%

_•

r"6%.

6%

~6 Ya

500

——•

common

United

Corp

1st

B

rV

1

1%

A

Jan

iV Jan

Jan

1 Va

Jan

Jan

117%

Jan

Jan

aa

Jan

%

Jan

%

Jan

Jan

%

Jan

.4,600

21V2

Jan

24

Jan

25

29%

Jan

29%

Jan

Jan

85

Jan

¥4 Jan

12,800

117%*

.

115

700
500

3/a

Ttr

%'

-

23 ¥4

22%

3,100

24

29%

.

"29 ¥4

.

.

Canal Co

United N J RR &

Profit

—.100
.100

—„—25c

Sharing.*.

preferred——
10
Shoe Machinery common,—25

United

Jan

rets ord regis,.*,

dep

10%

Jan

7/a

T%

116

aJt

——4—*

Co Ltd—

Molasses

57 Va

Jan

1

participating preferred—;

Arner

12

Jan

2,500

%,

,

117(4

United Milk Products.
United

Jan

.

—*

—i

preferred:

1

Jan

83

preferred non-voting———•/
warrants
—————
United "Light & Power common A—*
$6

Jan

6%

-*

$7

class

5%

•

Va

44,400

t

warrants

Option

Common

Jan

57 V8

United Gas Corp common,——1
1st

2Va

Jan

12

6%

1

cum

United

-*51 %' Jan

2%
3%

—•

United Elastic Corp,—

A Jan

3Jan

3,200

3%

•

3%

& participating pfd—.—.—•
Cigar-Whelan Stores,,10c

$3

Jan"

•-

1—

;

2,000

—

United

$3

1

%:

%

—

common,—

Products——

United

Jan

Jan.

48

1

is

Selected Industries Inc common——1

Allotment

1,300

*

Segal Lock & Hardware
Seiberllng Rubber common
Selby

•

150

10

•9%

1'

Bros Inc

Seeman

50

48

9%

Canada

of

Union

Jan

100,

„

12%.

U

-'4

*

common,,

%

12%

—•

common——

(D

Schulte

%

Corp————10c
Manufacturing Co
10

Unexcelled

'

—5

Co——1————

Oil

Savoy

2 Va

1%
3%

1

Corp_„

Realization

Ulen

—5
—-—•-100

Paper common

Regis
7%

Udylite

•

$2

A

Class

St

Corp Ltd—

Lawrence

Jan

68%

66% .68%;

——25

43%-

43%

1
Foil Co class B——
1
Graphite common
.*—4—5

4%

4%

Preferred

^ Jan

..

18

Jan

Jan

68¥a

Jan

Jan

43%

Jan

4

Jan

4%

Jan

2%

.1,975

,.

Jan

63

„

43

140-

■

r

United

Safety Control

Sentry

—1
1

i

Serrick Corp class B

Shattuck

Denn

5

•

Seton Leather common—

Mining——

—5

2%

2%

pfd series AAA

cum

Co

2,500

„

Jan

2%

5

Jan

2%

Jan

200

14

Jan

15

83

"Jan

86%

Jan

113%

Jan '
? Jan

"

85

83

113%

Jan
Jan'

U

S

U

800

,

Jan

S

U

_«.*•

12%

12%

50

12%

12%

Jan

iy2

Jan

Jan

S

1%
200

188 ¥4.

600

1

Jan

200

210

175 ¥4

Jan

200

Jan

Jan

98

Jan

; ;

Wall

United

*

1 1%;

com_^u——5 •Aircraft Cm.——————1
1"
Manufacturing Co__.——V—

—1
Soss Manufacturing common——1''
South Coast Corp common
——,1
Penn

98 ;

...10

96

5%

1% L~2%

2%

7

fo

2(4

A>y8":~2%:

"2%;
2%

2%

1,200*

Jan
Jan

2 Vb

Jan

V* Jan
2% ian
2

Jan

2 '/4

Jan

38%

1,200

1%

Jan

2%

Jan

3%

2 Mr

\

37%

Jan

3%

Jan

800

37%

Jan

38%

Jan

40

40

;•' 40

80

40

Jan

40

31

31

100

29¥»

Jan

31

29%

100

25 V4

Jan

29 %

Jan

%

100

%

Jan

¥4

Jan

%

Power-class A—,25

•

10
**-;—10.
—5,

Co

Line——

Royalty Co

—-1
—*•

(AG) Si Bros,
1st preferred—.
—
Spanish & General Corp—
Arner dep rets ord regis—

Spalding

•
•
2.78
Standard Cap & Seal common
1
Convertible preferred
*—10
Standard Dredging Corp common
1
$1.60 convertible preferred,—,
20
Standard .Oil (Ky)——
——10,
Standard Oil (Ohio)—5% pfd—
100

5%
•'

'

7%

5%

400

5

%

Jan

5%

,

400

7 Vt

Jan

-7%

400

6¥a

Jan

7¥4

Standard

Products

Standard

900

1%

Jan

2

24

90

Jan

24

Jan

24

Va

Va

Va'

23

200

Va

Va. Jan

B_

3

500

2¥4

Jan

3

Jan

1

1

100

7/a

Jan

1

Jan

"3

3

13-

"3

100

2lA

Jan

12(4

13

600

12 Va

Jan

Jan

Va

500

iV

1%

4,100

1%

10

-a;

9%.. 10%
V,

1

46

v:

15;::

Utah-Idaho

5

Sugar-

Utah. Power & Light $7, preferret^.*—♦
Utah

Radio

Utility
$5.50

...

<sr,

Jan,
Jan

1% Jan

2

10c
1

49

i

15

,

2

*>

,

Jan
Jan

Jan

48

44%

Jan

15

2V»

Jan

2 Va

Jan

Jan

47%

Jan

-l-

90a
-- —

49

_

10 ¥a
15

-9%-Jan
' : Jan

s

-,.*15

50—

.

2%"

%

—

.

,**,*

10043'A

4CU3 46¥8'

,46

3,800

A /.

A 47

2%,

——.1

Products,,

Equities common,:—*
priority stock—*—

-50

...100

*

i

%

46

.

.2

.

25

49

Jan

Jan

2

Jan

¥a

100

18 ¥t

1

4%

2,300

14

110% 110%

12

Manufacturing—

Jan.

Jan

V

jl/a
49 »A

Jan

Aircraft

Waco
7%

Jan

Jan

Knitting

25

Jan

Western

Air Lines

Jan

110

Va

111

Jan

Western

Grocer

Maryland Ry 7%

6'/4

Jan

300

as

Jan

Va

3

'

3

18

Wentworth

6%

see

page




Jan

i

Jan

Jan

44

Jan

3

Jan

'8%

Jan

3%

Jan

3%

Jan

Jan

300

-

'

47/a

Jan

56

a3

27%

Jan

IV*

Jan

A Jan

%

A

11%

Jan

11%

Jan

2¥«

100

2¥a

Jan

2¥a

Jan

99%

98%

Jan

;

Jan

99%

4

Jan

4 Va

Jan

2,300

5%

Jan

6 ¥4

Jan

150

14%

Jan

15%

Jan

150

40

900

6

5%

6¥a"

—20

*

1st pfd—100

—

.

"9"%

Jan

2%

Jan

(R

Mfg.

Oil

C)

•

"5%

Jan

5%

.—10

Co.,

15%

6(4

200

57/a

Jan

6 Va

Jan

7%

7%

600

7%

Jan

8 Va

Jan

13

4

100

9%

75

"5 ¥4

1

Corp

&

15%

*

■

—

6
.

6

Jan

Jan

Jan

River

9

2%

Jan

Willson

Oil-O-Matlc

Products

Wilson-Jones

~7%

Portland

7V2

Jan

Wolverine

&

7%

7%

7%

300

6%

Jan

7%

Jan

Woodley Petroleum

1%

1%

1%

100

1 %

Jan

1¥4

Jan

Wool worth

%

n

200

U

Jan

U

Jan

3%

100

2%

Jan

3

Jan

American

Wright

(F W)

*

Light 7%
Cement
*

•

1%

1

*

Co.—

Power

Jan

Heating

Inc

Wisconsin

3% '

Jan

300

1

Inc

Co/

Weyenberg Shoe
Williams
Williams

300

130

11%

10

Jan

2%

700

11%

4'/a

Inc

Jah

2%

200

99%

Westmoreland

1%

50

•.....

4

Jan

22%

_9%" "9%

,

■

20

300

1,100

3%

4

Coal

2,100

%

!'•■■■■

2%

•

Western Tablet & Stationery com

1%

•
329.

8

""%
■

—

1.25

Westmoreland

27%

1

Co common

-

-

•

-220

—5

Coke

&

Jan

1%

50
20

1
1

—

19

Jan

253'
¥b

manufacturing—
Utility $6 preferred

Coal

Jan

*

preferred
Sterling Aluminum Products
Sterling Brewers Inc
Sterling
Inc

Jan

Jan

Texas

600

2d

8

3% :

1
——,5

Mills—.

West

' 6%

1st preferred

Jan

43A

•

Co

Jan

6%

Sterchi Bros Stores—

18%

500

*—.*

;

Mining

14

1

•
1

*100

52%- -56

---

1
"

■

.-**

.•

4%

100

class A—

Bond

&

:*,

Class B_

Walker

Wayne

3

Jan

27 %

;

55

...**—•

Co—

preferred

13

Jan

1

100:
•

¥4. Jan

1,000

19
-

w

Jan

oa

—

i

Jan

Va

16%

1
—5

Petroleum

Western

13 ¥a

50

.

1

%

Valspar Corp common,,.—.—*
—1
$4 convertible preferred——_—_5

Jan

600

Co—

& Co common

B)

Va

78

,1.

13 %

%

class B

footnotes

Jan

1%

common—*—..
Universal Products Co,

West

:

13
13 Va

(The) Corp voting trust ctfs—1

(J

1%

:——

Insurance,—

Universal Pictures

Waitt

3
—

17%

Steel Co of Canada

For

Jan

Jan

78

Universal Corp voting trust ctfs,

Wichita

Stetson

1%

Wagner Baking voting trust ctfs ext.,•

Jan

17%'

Standard Steel Spring

5%

Jan

Jan

1%

Jan

'

Silver Lead

6%

28

Jan

1%
1%

Jan

2

'

1
—.

Preferred

(A)

Jan

28-

.:%■ 500i,

Jan

7%

1%

24

7%

7V41

73A
—

—_—*

Common class B

Stein

Jan

Jan

8¥a

Jan

—

Standard Power & Light

Starrett

%
65'/a

..10

Virginia Public Service 7% pfd_<

—-

Spencer Shoe Corp
Stahl-Meyer Inc
Standard Brewing Co

Tube

Va

.*100-.

'

1%

Jan
'Jan

8..Jan

60 i

-.,

1,100...

.—2

Universal

Vogt

Phosphate

Standard

.28

1%

*

Universal Cooler .class A,

Venezuelan

——

Pipe

28

8%'.

Jan
A.Jan

8

Jan

29%

preferred
—100
New England Telephone—100

Southland

8%.

.,

Jan

31

Southern

Southern

600

£ ,*'100

63% .65%

3'A

..7 Mr Jan

Edison—.

original preferred—
—*25
preferred B__
25
preferred series C—25<;

Southern

,100.. /

.

10

Pipe Line,.—

Colorado

1,100

2

5 Va %

Southern

:

% Jan

25

California

Southern

6%

,—

Oil,

Pa

Southwest

4,700

:/

.50c

Paper—

Consolidated Oil-

Universal

Class
98

Skinner Organ Co.

South

3%
8

%
65

1st

,

Sonotone Corp—.—t.

.

8'

.

Lines Inc

United Stores common

$3 convertible preferred
—•
Simplicity Pattern common,———1
Singer Manufacturing Co
**_L—100
Singer Manufacturing Co Ltd—'
Arner dep rets, ord regis
£1
Sioux City Gas & Elec 7% pfd—100

Solar

3'/a

.

100

,

•

Slmmons-Boardman Publications—

Solar

8";

preferred with warrants
• :
preferred————10
S Plywood $1.50 conv preferred—20
S Radiator common
*——.1 /
S Rubber Reclaiming,———*

$5

U

3%

.

and International Securities——1*'

U S

U

U

!

common,

•

15

.100

l

Sherwin-Williams of Canada—
Silex

2%

xl4%

Shawinigan Water & Power
—1*V
Sherwin-Williams common,—.
25
5%

aa

.

Specialties common

9

10

•

—

.

1%

Jan

1%

Jan

9

Jan

9'A

Jan

8%

—

Jan

9

Jan

pfd—100
10
!

1

~4

"4%

900

4

Jan

"4%

Jan

5s

7%

7

7%

400

6¥4

Jan

7%

Jan

«

2%

23a

2-%

3,600

2

Jan

2%

Jan

Ltd—.

deposit

receipts
Hargreaves Ltd,

,

THE COMMERCIAL & FINANCIAL CHRONICLE

Volume l'57:l Nulnlier'VHS

Niw YORK CURB EXCHANGE
BONDS
New

Curb

York

.,

Week's Range

Last

Interest

Exchange

or

BONDS

Bonds

Low

Range Since

Sold

Friday's

Sale Price Bid & Asked

Period

Jan.«Jj£

Week Ended

Friday

January 1

No.

High

Low

New York

s

f

3%s

3%«;

«

f

debs_-*_i

s

f debs..

103% 103%

J-J

98Vi

J-J

1961
Appalachian Elec -Pow 3 Vis.*—*1970
Appalachian Pow deb 6s
2024
.

Pr & Lt

Elec

Associated

-J-D

*

5

105

-;.2

981/z
89

J-J

'

54%

521/2

1251/4

28

<■>

55

241

4%s

AConv

-

deb

1251/4

deb

4y2s
5s

AConv

6%S

deb

7

.

161/0

151/2

16%

16

151/a

16%

16

15%

16%

■

f.

,

F-A

——*—1977

16

■

15%

16'.

'75

•

.

76%

12

'

A—../—1955Atlanta Gas Light 4Vis
—1955
Atlantic City Elec^ 3%s—:
*—1964
Assoe T St T deb 5%s

Avery & Sons (B.'P.)—
5s without warrants——*—*1947

M-S

76%

108% 108'A
106% 107%

J-J

M-S

:106%

.

;

V18

;

Pacific

--

11

100%

100%

"■

.:

'■

1

'•

•;

»

V

6s

-

M-S

109

109%

J-D

—1950

-

116

116

110%

109

.15

...

5s

5s

C

series

—

Bethlehem Steel 6s

—

,:+*—.*—**1960
*.***-*«—1998

M-N

——****1962

A-0

Bickford's Inc 6Vas*—

Birmingham Electriq 4Vis
Edison

Boston

2%s

—

s

Canada

Northern

5s—*

Power

J-D
"

J-J

5s——1948

V?8

15

M-S

15

13%

20

100

§ A Chicago

Rys 5s ctfs———:—...1927

F-A
A-O

179

46% 47%
101% 102

Vj, 13
; .13'

,•

"v

2

J-J

.1977

M-N

.

:

Conv

A-O

A-0

88%

88%

M-3

88%

5Vis—*—.—.1952

M-N

oT%

104%

of

Service

ref

New

83%

90

36

84%

90%

125

85

92%

"38

86

92%

92%

92%

$120

,.91%

J-D

102

103

102
121

F-A

86%

140-

85%: 86%

J-D,

$76

:

3%s——*—1955

M-S

101%;

& Fuel 4s ser A——1956

M-3
F-A

82%

86%

101

83%

83%

69

79

Eastern Gas

Elmira Water Lt

.*2030
—1950

5s—

88%

89»A

129

87%

Si RR 5s

6s-5s

M-N

Florida Power Co

J-D

105% 105%

J-J

.—1954

Florida Pow St Lt 5s

$46

105
403

Carolina

97%

79

104%

105

40

91%

93%!

97

Counties

P

6s A——.—.1948
Georgia Power & Light 5s————1978
Glen Aiden Coal 4s——-—-—1965

J-D

AGeneral Rayon

$**.

.

94%.

94

91%

92

fAGobel (Adolf) 4%s ser A——.1941

4s_—.—J—.1950
Great NOr Power 5s stpd———.1950
Green Mountain Pow 3%——*****1963
Grocery Store Products*
*—1945
Guantanamo St West 6s———1958
§ A Guardian Investors 5s..»*,—*.—1948 ■,

J-J

,

Houston Lt & Pwr 3

VtS——1968

Hygrade Food 6S ser A———Jan 1949
6s series B—Jan 1949

deb 5Vis——————May

1957

Hydro-Elec 5s———1958
Indiana Service
5s———*—1950
1st lien & ref 5s
—1963
AIndianapolls Gas 5s A__——..1952
Indianapolis P & L 3Vis*————.1970
{International Power Sec—
,A0%s series C—*——
—1955
A6%s (Dec 1 1941 coup)—-1955
A 7s series E
——:—-—1957
A7s (Aug 1941 coupon)——1957
A7s series F
—1952
A7s (July 1941 coupon)
1952
Interstate Power 5s
——.—1957
Debenture 6s
.—*—1952
Iowa Power St Light 4%s—.*—1958
—

'91

Gas

45"

19%

A-0

96

$94

J-D

J-D

100

100%

M-3

98

ii%

,

Minnesota P & L 4Vis..:

—

1943
—1967
1978

:

94%

14
1

86

84%

99%

40

98

22

103

80%

103

'M-N

100%
98

86

so y4
85%
114% 114%

13

105%

107

18

J-J

■

18

22

Power

4Vis

~s

18

'
"

$17%-

'

'

18

16%

Amsterdam

Elec

Gas

New Eng Gas St El Assn 5s__
5s
*

Conv
New
New

deb

New

J-J

37%

M-8

;'■**

19

TP/a

io

37%

"49
1

75%
37%

■

18

Orleans

Public

■'

19

48

-*—.•

M-S

"

49%

9

112%

132

';.;

$58
88

J-J

103% 104

104

A-0

$107

88

102%

100% 101%
103 Va 103%

*4
•

105 Va

105%

33

105% 105%

J-J

M-S

;

88

102%

104

108%

106%

J-J

103

F-A

54%

57%

F-A

103

I

106%

103

103

63

57%

$106% 107%

.*

$101% 102

M-S

52%
107

,57y8

107%

96%

-

97

;

64%

M-N

.*:"•

63'%

63%

20

62

;_May 1948
—May 1948

*

A-O

69

69

70%

34

64%

71%

68%

70%

14

65

71%

68 V's

71

17

65%

72%

A-O

———Dec 1 1966

J-D

69%

68V2

70%

12

G5%

71%

F-A

68%
69%

68%

70%

30

65%

71%

68 y4

70%

20

64%

71%

25

25%

6

24%

25%

106%

gold debentures.

;*

,

F-A
A-O

$12%

16

$12%

J-J

(Hugo) Industries—
:
stamped———*——1946

A-0

7-4s 2nd

Electric

Texas

Service

Water

Power

15

30

105%

.108
108%
$111% 117%

7

107%

99

99

J-J

City Rapid Transit 5 VaS—1952

J-D

1949

J-D

86%

I

86%

17

111

99

108

85%

108%

111

100

108

F-A

3 V2 s_—.—:**•*—1968 "

Toledo'• Edison

108

;

106V4 106%

J-J

—1979

5su—

106%

M-N

5s———,1956

A——.*..——2022

series

Tide

J-J

—I960

5s

100

107%
85%

108

N

Electric

United

J 4s

$112

86y4

A-0

100

A*—_*—_—.**—*—1952

107% 108%;

108V'a /

F-A
A-0

1959

& cons '5%s—*—u

series

6s

Debenture

112

112%

106%

108%

& Power Co—

United Lt -St Rys (Delaware) 5,AS*1952
United Light & Railways (Maine) —

.1.1st. lien

112%

;

6s

116% 116%
96%

M-N

98 y4

M-S

8%

97%; 100
116

116%

3

96%

15

96 V's

99 y*

87

99%

95%'

4%

9%

96%

97%

F-A

—....2022

series A

3
82

99% 100

a 5s

debs**—-.—*1954

income

West

Traction

Penn

$110

A-O

*1960

J-D

1959—

F-A

^

9%

$108% 110%

J-D

2030
5s

7%

J-D

112

106.

106

102%

106

111

.106

111

110

111

Western Newspaper Union—

.$86%

..

85%

.

87%

F-A

70

70

70

1

63 y4

70

.1937

J-D

79

78

79

15

75

79

1947

5sstpd__.

AStamped 5s

—

J-D

79

77

79

16

73%

79

:

BONDS

'

16%

J-J

$107

106%

110

113

110

35

91

91

93

110%

M-S

$100

'

■.

**

f*
i

J-J

'•

,

51

A-0

100%

55 V2

M-S

105%

105% 105%

J-D

104

103% 104

.

93

4

101
108%
110%

A Lima

101

AMaranho

51

25

58

4

105%

105%

18

l03Va

104

107 >A

107%

,

*1955
5s

1953

-

Danzig Port St Waterways—
AExternal B'/aS stamped

City

AMedellin

'

;_l951

7s

103 y4

104

AMortgage Bank of Chile 6s

7.

112 y8

113

Mortgage Bank of Denmark 5s
AParana (State) 7s

99%
$14%

99%

M-S
A-O

98

97%

98

99%

ARio

14

ARussian

1

99%

8

109%

110%

115%
41

$113% 114%

J-J

M-S

54%

J-D

55

M-N

54%

M-N
A-O
J-D

1949

J-D

54
55
54

$108

55 %

97%

98

*_

106

55%

5

55 y2

72

50%
49%
50

55 %

55%
55%

107%

110

107 y4

81%

41

76%

85 Va

86 %

17

82 y2

$105

100

High

47%

15%

15%

4

14V'4

15%

M-N

-*

44%

45

4

44%

43

43

1

42

45
43

F-A

J-D

$9
12y2

•

16%.',

,

12%

*2

11%

12%

21

—
.*
—

23

20

23

16V4

16%

17
4

16y4

16y2

1

32

32

15

,—

—

1931
1972
.1958

32

32

32

—

$31

32

J-D
J-D
M-S
J-J
3-D
J-J

—

—

19

19

25

26

21V2
3y8

22%
17
2V2
2%

26

19%
3
2%

17
12
29
15

$19
$38

—

—
—

de

Janeiro

6V2S

:

Government

6V2S

1959
...1919
1921

A5%S
♦No par value,

a

Deferred delivery sale,

—

3
^

d Ex-interest,

e

3

Odd-lot sale,

n

21%
31/*
3

Under-the-rule sale,
Machine class

r Cash sale,
x Ex-dividend,
y Cash sale not included in year's range, Easy Washing
B, June 26 at 2%.
.
.
$Friday's bid and asked prices; no sales being transacted during current week.
A Bonds being traded flat.
{Reported in receivership.

8iy2

81%
85 Vi

L010

No.

115%

12%

16

noy4iio%
$116
117

Range Since
January 1

Sold

—

A-0

5

F-A

—

M-N

4

J-D

Bonds

High

1947

of May 1927
of Oct 1927

112% 112%

A Issue

$45
$45

—

J-J
M-S

1952

Low

J-D

M-N

*

stamped*..*
Mortgage Bank of Bogota 7s
A Issue

A-O
J-J

SVn$ stamped.1958

103% 104

F-A

Last
or Friday's
Sale Price Bid & Asked

'

1958

(Peru)
7s

107 7/a 107%

~

Period

•

5y2s

Extended

100%

I

Week's Range

Friday

Interest

Exchange

Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1946
A 20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
..1948

109%

1

.

Curb

,

108 '

102 >4

100 y8100 y2
51

86%

12

.

York

Week Ended Jan. 23

106%

113

110%

New

109

108%

110

——

J-D

49%

107%

14

$112% 113%

A-0

19%

46

•

$122% 123%

***.'

•

38%

108%

86%

Abbreviations

used

above—"cod," certificates of deposit; "cons." consolidated; "cum,"

tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting

Service—




$131
•

82

,

19

36

$106% 111

J-D

M-S

4

108% 109

——

1948

Nov

M-S

111%

78

107%

'■
■

1954

AIncome 6s series A*...-

80%

16%

74%

19%

108% 108%

•

-

1961

Debenture 5Vis

102

82

;

77

J-J

1950

-

5s

England Power 3V4S
England Power Assn 5s

102%

101%

1989

u

H2%

1947
.1948

101%

29

111% 112%

J-D

L 6s.—l..—2022

104

1948

82

J-D

1970

M-N

.—1956

5s—;
5s

6

101% 101%
82

138% 140
102 Va 103

25

19

16%

:■
'

■

New

A-0

—..1951

J-D

,*.2022

A

Nevada-California

J-D

.1957

J-J

1981

101% 102

1970

Rys 4s_

St

IA York Rys Co

'

«.»*

**

11

,

101%

*.1965

6s unstamped extended to

22

$17

"

1

**

138% 140
102% 102%

3s

West Penn Electric 5s

14

'

**

108%

102 %

1951 '

1957
1951

Nassau & Suffolk Ltg 5s
1943
SANational Public Service 5s CtfS—1978

M-N

Wash Ry & Elec 4s—
i
*—1951
Wash Water Power 3%s_****—1964

103

21

$17

F-A.'

104%

107%

M.-N

6s stamped extended to 1959—*—

J-D

103%

2

Waldorf-Astoria Hotel—

84
85%
114% 114%

84Vi
114%

9

108%'

108 %

108%

•

J-D

—1979

1955

5s

Mississippi P St L 5s
Mississippi River Pow 1st 5s

series

102

106% 107

F-A
A-0

103V4l04y4.
'

6s

Danish

—

Midland Valley RR 5s
Milwaukee Gas Light 4Vis

6s

110% 110%
104% 106

103

103

J-J

2

lOOVi

97%

M-N

J-D

M-S

Utah Power & Light Co—
'
•
'
1st lien St gen 4%s———1944

27

$110% 111%

Nebraska

96%
'96

Mfg—
-

G_——

ref

:

42

,105
106
102% 103

M-N

&

•96' '
96

——1965
Middle States Petrol 6Vis——
1945

1st

19%

"

110% 110%
105

80

108%

F-A

United Light

■

108% 108%

series

19'%

15

96'A
■

M-N

4s

7

79

'

A-0

107

1951

Twin

112%

F-A

stamped
Mengel Co conv

"" 94%

-

—1948
4Vis—.
1947
Metropolitan Edison 4s E_——.1971
6s

r 66Vi-

79/

19%

$111

J-D

77

18

(Calif)-—

(stamped)—.:
Conv 6s stamped......

6s

'

-V;

$43%

M-N

32

98%

"

J-J

J-D

McCord Radiator St

1

80

J-J

..

94%

$76

Altalian Superpower

Jersey Cent Pow St Lt 3Vas_
—1965
Kansas Electric Power 3 Vis
1966
Kansas Gas & Electric! 6s
2022
Kansas Power St Light 3 Vis——1969
Lake Superior DIst Pow 3Vis
—1960
Louisiana Pow St Lt 5s
1957

34

$96

80

107 Vt 108%

.1950

3y4s

Gas

Texas Power & Light

■

A Jacksonville Gas

6s—.
1968
(stamped).——1942

92

66%

$108% 111

A-O

Indiana

95

90 y8,
57

J-D

A-O

..1954
1st St ref 5s series C———1956
S f

F-A

1967

1st & ref 5Vis series B——

-

94%

94%'

J-D

6s ser A——1953

Idaho Power 3%s——;
III Pwr & Lt 1st

41

-

58%

M-3

Grand Trunk West

93%

8

94 Va

92

79%

,

6s

•

•

M-S

,

•

75

J-D

—

98

& Electric—

Gas

98

1

97 J/2-

.

J-D

1952

—

Edison

California

Stinnes

J-J

M-s

97%

,1957
Standard Power & Light 6s——.1957
AStarrett Corp Inc 5s
.—1950
Stinnes (Hugo) Corp—
' '
7-4s 3d stamped.**———1946
Certificates of deposit—'

105%

:93%

93

111%

:

5s._.

Power

California

6s

105

3

104'A 104%-

104%

A-0

Power

11J %

111

•Debenture

—

3%s A———^*-1969
General Pub Serv 5s———.1953
Gatineau

111

1

85%

:

104

<

3

1

100%

Standard

106

.28

103% 103%

M-S

——————1961
4s ser C—:_T—1966

stamped

103%

2

111

111% 111%

Debenture

~8

105% 106

98

111

.*

—

1

$123% 125y2

M-S

El 5s——1952
Federal Water Service 5%s__
.1954
Finland Residential Mtge Bank—
Empire District

98

**:.'

A-O

7

90

M-S

10

37

83%

88%

114% 115
$105% 108

101% 101%
$103% 104

6s

Electric Power & Light

107 % 107%
114% 115

*_

101%

Southwestern

102%

83

•114%;

:

107%

A-0

Spalding (A G) deb 5s
18

$107

$107

.1949

Southwestern Gas & Elec 3'As.

84

•

17

$105% 107

•

*.

102%
30% r32%
102% 104
105% 105%

34%

103%l03%

-*

1013i102V4

Southern Indiana

101% 102%

••.$32%

.■

M-N

lst'-mtge .3s—————..**..1971

121

•

1Q1%

102%

Southern

103

121

10

A-0

106%

-*121

101% 102%

A-0

South

109%

105%

A-0

J-J

———1944

Cuban Tobacco 5s

109%

101%

102-

:

J-J

.1959

6s—

Estate

Real

Southern

$106% 108

109

100%

Shawinigan Water & Pwr 4Vis..**1967
1st 4 Vis series D
*.1970
Sheridan Wyoming Coal 6s__„
1947

122

109% 109%

i09y8
,

108%

1

.1950

5s

Southern

J-D

8

101% 101%

Scullin Steel inc mtge 3s_:—:..*—*1951

& Pr

(Bait)—
3Vis series N~:
———1971
1st ref mtge 3s ser P———.—1969
1st ref- mtge 2%s ser Q_——1976
Consolidated Gas (Bait City)—
Gen mtge 4Vis*:—..—
—1954
Continental Gas & El 5s**—--..—1958

108% 109

—

M-S

Joaquin Lt St Pwr 6s B——1952

ASchulte

60

105%

109%. 109%

Jersey;—

series C—
1st & ref 4%s Series D
&

1st

San

94

84%

14

108

108%

105%

109% 109%

,

108 %
,

F-A

•

108

107%
.

.1961

Safe Harbor Water 4%s_.

90%

90%

M-N

—1951

47%

89

63

.1956

!

E

Queens -Borough' Gas St Electric
,5%s series A*.———

102

303

108 V*

J-J

extended.—.— .1950
F

6% perpetual, certificates..*
Puget Sound P & L 5 Vis.*.'

-

90

90 y2

02

J-D

—1949

5Vis

Connecticut Lt St Pr 7s A

Cudahy Packing

103%

6

——1969

Consol Gas El Lt

101%

3

91%

5s

Cities Service P St L

46%

2

94

89

5s-

Debenture

42

104%

94

89%

—

Debenture

104
94

5s—
Jan 1968
53*—-i*——*—.1950

deb

•

M-8

J-D

—1958

Service

Cities

109%

J-D

5Vis—, .1972
.1962
6s

,

•

54%

107% 108%

108%

108

$105% 106

M-N

.1970

;1964
3%s*.:*.*
Sinking fund deb 4s—. —r—. .1949
Public Service of Indiana 4s—— .1969

15%
looy8

100

$108

,

1st mtge

'87'/a
15

14

11

''

,

"

.1964

(Can) 4%s B—
public Service Co ,bf Colorado—

105,'A

•

,

250

15%,
100%

J-J

——

05%

:" 105%

,

F-A.

Power Corp

.

I*

.1955

—

Power

Edison ' 5s

series

Public

87%' '87%"
$105% 107
13% 15 '*

.—*1954 :
Central States P & L 5 Vis—*,—.1953
A5yas

102% las v
' .103% 104%
1Q1%, 102 ,

'18 ••

101% 102

Cincinnati St Ry 5%s A—*—1952
6s series B
******
*_**.—1955

,

11St118

$103% 103%:

M-N

1953

"4%s

;u.

tr

,,

103% 104%"

103%
102

M-S

Gas 3%s———1964 '

SACe'ntral States Elec

,M-S

103

115% 116

:a

'

—

103

J-D

**»*.1968

_*—**——1970

118,

$150

Q-F

Broad River Power ,5s—J.***.1954

Central 111 El 8i

•118

Elec

stamped

Potomac

5

,

F-A

Philadelphia Rapid Transit
Portland Gas St Coke Co—.

Bell

,

1948

Light 5s_.—

!—

Philadelphia

.

Baldwin Locomotive WorksTelephone of Canada— 1st M ,5s series B—
**—1957

A-O

/ 1st' 5s—
.—**_i—/.*_* .1979
Pennsylvania Water & Power 3 Vis .1964

106% .107%

-I'

$100%
•

Convertible

&

Power

•3%s

J-D

F-A

Park Lexington 1st mtge 3s
Penn Central Lt & Pwr 4Vis*

1081/4 1081/4

r

,

M-N.,''
A-0

Oklahoma Power St Water 5s

,

63

,108% 108%,,

A-0

16%

,12Vs. 16%
14%" 16
72%
78%

•

High

84%

59

r.

'

Aug 1955

Oklahoma Nat Gas 3%s B-

16%

13%

>71

,

-j'

.

-

1971

Service 4s

16%

13%

82

-

y

1945

.*

14%

176

A-0

Low

112

$84

..

.

1968

.

'

.—*—1968

A Debenture

16%

F-A

J-J

1949
—1950

*.

.

AConv deb 5s—

16

F-A

1962

Ogden Gas 1st 5s
;
Ohio Power 1st mtge.3y4s—
1st mtge

35,

Ohio Public

16'A

M-S

1948

—*

63

f

{Associated Gas Si Elec Co—
AConv

_*

J-J

lst 3%s series A—

1081/a

46%

.

J-J

1969

5% s

January 1

No.

$106%

'

*.1954

Utility

106%

107%

•

$111

..

Range Since

Sold

High

Northern Ind Public Service-

90%

106%

M-N

—*—1948

5s

Cont'l

Bonds

Friday's

or

Sale Price Bid & Asked

J-J

Debenture

Nor

98 ya'

•
.

*2004

.

108 y4

89

yll-

.

107 Vi 108 Vi

.108'/8

:'.v2.

m

90

1964

N Y St Westchester Ltg 4s—

106%

1071/2

84

1061/2 1061/2

■

JlOGi/a 107

A-0

1953

,4%s.*

aoe'/a

J-J

1956

5s—

106%

97%
89

M-S

Week's Range

Last

Period

Low

104

103%

108 y4108 y4

J-J

Amer'Writing Paper 6s_

2

106

J-J

-

Amer Pow St Lt deb 6s—-—-—2010

Arkansas

Interest

N Y State Elec & Gas 3%s.

—.1950
.*.****1960
****—1976

debs

Friday

Exchange

High

American Gas & Electric Co.—

2%s

Curb

Week Ended Jan. 22

104

105

"w i,"

when issued;

"w w." with warrants;

"x w," without warrants.

cumula¬

trust certificates;

THE COMMERCIAL &

30

FINANCIAL CHRONICLE

Monday, January 25, 1943

OTHER STOCK EXCHANGES
Week's

Friday

Baltimore Stock
to Jan.

16

Jan.

Last

1st

L010

>'

.

preferred v t c„

•

vtc

100

....

■

Davison
Eastern

Sugars

Assoc

t

v

com

1

c—-

Houston Oil

of Texas

vtc

U

10

8

10%

Jan

75

57%
12 %

Jan

6%

Berghorf

Jan

7%

400

Xl30% 130%

36

35%

25

35%

Jan

35%

&

Borg

Warner

Jan

29

10

20

Jan

29

Jan

13%

Jan

22%

Jan

25

Jan

.

.

.

13%

.

Brown

58 Va: Jan

"

25

305

1.75

—

Co

Jan

Bunte

Jan

5s series A

31%

1,130

53%

■

54

1975

...

54%

1.75 Jan

$61,000
5,000

23

—

29% Jan

31%

..

52

54'/4

Jan

Jan

Jan

.59%

59%'

56%

Jan

55

'

.

,1
*

L)

55

1,000

55

Jan

55

Jan

60

2,500

59

Jan

60

Jan

Last

■'

/

'

.

•

•

.

Sugar Refining—

American

Tel

Boston

&

Edison

17%
127 VB

2,280

Jan

4%

4%

208

4%

Jan

26%

1,059

24%

•

105 y4

149

Central

105% Jan

81%

Jan

87%

Jan

24

Jan

26%

Jan

85

87

/

25%

26%

1,833

65

63 y4

65

591

62% Jan

66

14%

14%

15

245

14

15

200

Jan

•

*

7%

Stamped

100

7',b

.

100

class C 1st pfd stamped--..

•

2%

2%

•

Jan

2%

1%

Jan

2%

Jan

2%

Jan

45

■2%; Jan

20

11%

-10

Range

Boston

6%
••

■*

Co—

—

—10

Company

7

4%

■

11%

Jan

12

Jan

6%

Jan

7

Jan

■

Common

5%

4% %

prior preferred

preferred

——

B

—100

——

—

Jan

49

21

23%

410

3%

SS Lines

Employers

Group

19%

Jan

23%

Jan

2%

Jan

3%

Jan

Jan

29 %

,

.

29%

98

25

Jan

100

Jan

10

Jan

.

29%

Jan

7%

Jan

9%

Jah

Jan

9

385

9

Jan

39

25

39

Jan

777; 39

Jan

28 V4

29

356

27%

Jan

29

Jan

32%

33'/8
33

^

"7
'

;

Association-—,
1

—

..

Electric

7%

7

^

w :

••7*47".

250

...

'

■■■■■'-. <1..■

Service

6

9

31%

>.

39

29:7:-;

'.

.4—

.

i

17

3

3

2%

Jan

3%

Jan

31%

Jan

33%

Jan

30%

Jan

33

Jan

.

381

1,693
'

Gilchrist

4%

-

*

514

5%

66

4

Jan

4%

Jan

5%

v' 4-

Company
Safety Razor Co———

Gillette

49

1,660

100

98

98
7-^7'.;-iv-

'•

National Stores—

General

Jan

2,315

3 ';■/

•7

100

,

:

—

Public

Engineers

23%

•

x

common——

Preferred

1% Jan

yV;

42

158

32%

pfd adjustment——

Eastern

First

5%

Jan

'

-

—

preferred

5%

Jan

90c

Jan

% Jan

1,362

45

100 ';vv.- .49

Eastern Mass Street Ry common—,—100
100
6",'u 1st preferred series A

■

4%

6%

Jan
Jan

90o

100

1%

95c

1%

—

"

6%

3%

Gas & Fuel Associates—

Eastern

6%

72 *

365

90c

90c

.i' '

'

6%

4%

•

514

.

Jan

210

2%

11%

•

'.. ir%...

-5

Jan

13

Jan

140

2

2%

'

,

7

«. ■

■

Trust-..——

——_—4.—

Cities Service

East

Jan

8%
2

1,901

•

Calumet & Hecla

Copper

.'

20

2

:

100

12%

10%

10%

.

100

————-———

Boston Personal Prop

3

Hathaway Bakeries class A———
$7

«

442

4

Jan

5%

Jan

50

3

Jan

3%

Jan

■

"•

..

*4

■

Lam son

Loews

Copper

common—

Theatres.—

—

—.

RR common--—.—100

New England Tel & Tel

1

*■

United

Fruit

Rubber

7%

12C

V

Jan

Jan
Jan

85

35%

Jan

41

Jan

3%

Jan

'■v.-77; 4

Jan

50

6%

Jan

7'%

Jan

86

Jan

92

Jan

24c

Jan

42c

Jan

78

10

78

Jan

78

Jan

201/4

20%

69

19

Jan

21

24%

25

23%

Jan

25

80c

80c

66c

Jan

;

■

•
«

—

25

—

———-

Jan

Jan

10%

Jan

54

5%

Jan

6%

Jan

12%

Jan

14%

50

14

Jan

14%

14

50

14

Jan

14
6

5%

6

' 710

,

5%

20%

Jan

3

■

Jan

21%

'

■'

!

Jan

168

6

21%

■

■

Jan
Jan

Jan

.

Jan

21%

Jan

16%

Jan

'

•

$6

:

'7"7':'

16%

5

74%

280

V!r

5,400

92%

'74

16%

73%
%

-

pfd_

92%

15%

Jari

69%

Jan

i3e

?•

Jan

77

;•

lien

Util

corn- —50c

Cherry

preferred!,'———
$ Light pfd- --4 Vi
5
Corp common

Burrell

Chicago Corp common!,..
Convertible
preferred—,
Towel

;

2%

-

Consolidated Biscuit
Consolidated Oil

,4%

Jan

Jan

10 y4

Jan

2

Jan

3814

39

700

45

45

104

„

20

45

104

2% Jan
Jan

Jan

30

Jan

104%

40

Jan

„5;

25
1

11%

Jan

12

Jan

380

67%

Jan

70%

Jan

6%

5,600

Jan

6%

21% Jan

24%

4%

24%

3%

Jah

150

12

68%

6%

Jan

45

107%

70 V*

11%

—*

common—

Jan

Jan

,

:

common..,——..10

Edison'

Commonwealth.

92%

Jan

4%

7,050

2

Jan

i7o

9%

70
100

38%

•/,;/

•

_—__*■

preferred

4%
10%

2%
•
•

,

92%

10

-4%
10%

4%

,

Jan

:

3%

Jan

7'-'/

i

24%

23%

6,600

Jan

•3

;/ ■■;'••■}/'■.■ ■
—'v
sh v tc class B——*.

3%

850

2%. Jan

3%

Jan

7%

common

Corp!..

7%.

503

7

Jan

7%

Jan

1%

Jan

1%

Jan

10%

Jan

Consumers Co—

Com
V t

pt

1%

1%

30

pfd participating shares
50
Container Corp of Amer, common.-—20

10%

10%

40

17%

18%

700

Continental Steel common—

21

21

c

common..——,!v~—■!-—25

Crane Co

Cudahy

...

14%
11%

packing comnjon———-—--30

50

12%

19%

Jan

18% Jan
21
Jan

631

16.

.11%

10% Jan
16% >Jan

Preferred

14%

596

687/a

:

1

Jan

13

200

31%

8%. Jan

■

14%

Jan

29%
7

793

•7

31%

Jan

Jan

34

Jan

64%

505

Jan

33

25

Jan

68%

Jan

67

:

69

03% Jan

69

Jan

43%

—

43%

43%

52

42%

Jan

44

14%

Jan

16

10%

Jan

12 %

Jan

83

Jan

86

Jan

Jan

.360

.j

Jan

26%

160

25%

Jan

26%

Jan

28c

29c

23C

Jan

29c

90%

90%

10

90%

Jan

91

7%
.50

7%

8%

175

7%

Jan

8%

Jan

82%;

238

Jan

82%

86

17%

17%

.50

17% Jan

18

12%

12%

100

11% Jan

12% Jan

42

150

.

■

Cunningham Drug Stoles
Dayton

Rubber."Mfg

Decker

(Alf;

Deere
De

&

Co

Mets

Inc

17%

-,__2%"

common—_——l

42

preferred^

Dixie-Vortex

Co

Dodge Mfg Corp

comnionj—

Electric Household

8%

/'/ 10

9%

150

8%

..9

■■■7

Utij Corp -r——5

Jan

10%

Jan

10

Jan

10%

Jan

32%

32

31%

Jan

32%

Jan

3%

Jan

3%

Jan

3%

—

25%

3%

350

25%

1,25Q

•

24%

7

7

7

9

9% Jan

Jan:

6% Jan.

7

Jan

3% Jan

4

Jan

'7.7 400

15%

14

Jan

39%

150

37%

Jan

11

100

IO1/4

Jan

7

Jan

77;

2%

Jan,

100

,

11

100

2%

2

■7

15% Jan

2% Jan

Gillette Safety Razor common——
_*
common
,—...*

35%

265

34V4

Jan.

36%

2,000

44%

Jan.

45%

Jan

5%

5V*

5%
4%

7

250

11%

i

26%
11%

Jan

4%

4%

Jan

25

Jan

26% Jan

10

Jan

11%

Jan

17%

Jan

19%

Jan

12%

■

400

310

Jan

12%

Jan

6%

Jan

'

common—*
Great Lakes Dr & Dock common——*

11%
19%

18%

19%

700

Hall Printing Co common

12%

12%

12%

200

6%

250

6

Jan

26

26

26

70

26

Jan

27

10%

10%

10%

550

10

10%

Jan

16

16

16

Jan

a,

Heileman
Hibbard

——10

capital--—-—

Brewing

1

6%

Spencer Bartlett common—25

Houdaille-Hershey class B—,,

-Harvey* Inc

Hubbell

*.

common——-5

Hupp Motor Car common—,——.

15%

ir

50

13

Jan

1%

1

50

Jan
Jan

200

1%

Jan

..

7777

7

•

Illinois Brick Co capital—

——_10

Illinois Central RR common

__,_100

8%

8

8%

145

8

Jan

Independent Pneumatic Tool v t c—*

20%

20

20%

100

19

11%

%

Jan
Jan

1%

Jan

}l Jan

1%

Jan

8%

Jan

:

20%

Jan

';

-

Indianapolis Pwr & Lt comjnon

1

"4% "
58%

Co .capital———1

10%

common—

Ken-Rad Tube

& Lamp

com

4%

200

1,100

10

10%

Jan

10%

Jan

Jan

39

Jan

6

•5%

y

;

4% Jan

6

Jan

/;

41

Jan

45

Jan

!

/" 3

Jan

3

;

200
3Q.

Jan

9%

38%

100

6

cl A—_.*

00 O

Jan

&,

Co

45
*■/■

common.——

Cumulative

preferred

preferred

$3.50

■

:/■■

50

;

25

Jan

Jan
Jan

Jan

12

Jan

Jan

14

Jan

9%

100

12%

xll%

12

14

14

16%

11%

.

Jan

25

.

Jan

%

■

Jan

1

■.'.7.5-/.

500

..

1

.

5%'

2,800
100

5%

%•

25

90

'

5%
/'

15

•.'

f

73

■

.25

<

:..7''.:.
#'

;

———

—

3

7

—""■/'

.

——

Libby McNeill & Libby common...,—
Lincoln Printing Co common———

: 45

..44
'

—

16%-

80

15%

Jan

'2%

100

2%

Jan

100

28%

;
-

*

Lion

& Maine RR—

;

Oil Ref'g Co capital——

Income mortgage 4%%

75

ser A

75

44

1960
1970

_

44

$2,000
3,000

75

Jan

40 Va

Jan

76

Jan

44

•
■

103% 103%

—1948

,

1,000

103% Jan

Jan

Field

Marshall

Rad

McCord

Last

Par

Abbott Laboratories commonCo common

common

Allied Products Corp common
Allls
Amer

Chalmers Mfg
Pub

m

&

.

5

3%

it
.

*

..

High
53 Va

215

51%

95

41%

Jan

2%

3%

1,750

11

11

50

400

50

28%

90%

—

13%
261 a

26%

—100

■

Armour

Tel

&

Co

& Tel Co

capital.. —100

common

90%

129% 134%
3%

—

Aro

4

Aviation

3

(Delaware)

3%

3%

12

12

%

1

3%
'

—

common

Belden Mfg Co common

For footnotes

see

page




»

—10

336.

Jan

16% Jan

2%

Jan

■

14%

50

70

28%:

Jan

10

Jan

11%

Jan

32%

1,650
:

Jan

32%

Jan

Jan

14%

Jan

Jan

19%

Jan

.13

Jan

-

.

.

common.,—————

■

III1

19

•

19%

510

1%

1,000

1%

Jan

2

4%

■

1%

1%

'

300

414

Jan

4% Jan

2,450
2,500

4%

Jan

19
:

■

common. —1';

4V4

7;

Jan

.11

Jan

13

Jah

:

5

7%

5

4%

9%

9

10

2

prior lien-—,—:,-,——. 100
100

Jan

6 %

Jan

7%

preferred class A———

2

.,prior/lien--—u_;-t-.—4^—

45%
3%

ft

3%
3%

V8
.

5% Jan
10

Jan

2%'

;

14

%

-

100

2% Jan

350

2%
'•

250

200

,

2% Jan

1% Jan
Va Jan

2%

Jan

%, Jan

Jan:

IX

Jan

Jan
Jan

Common stock v t c~——^
Modine Mfg common————1

Jan

Montgomery Ward

26%

353

25%

Jan

28%

20

90%

Jan

91%

8% Jan

1 %

Jan
1% Jan

1,000

1%

2,050

1

Jan

50

22

Jan

22

33%

Jan

36

Jan

10

Jan

10

Jan

•

1%

10

9%

9%

9%

Miller & Hart $1 pfior "preferred—10

14%

25%' Jan

.

,

22

22

34

36

553

10

.J* ;

10

50

Jan

Jan

1,039

128%

Jan

3,610

3

Jan

400

12

8% Jan

Utilities—

53%
,

2% Jan

10

Jan

Co common.

<S*

Springfilled common—,.

»•.

common—

._2

Jan

3%

Jan

Nat'l

Jan

National

Jan

Noblitt-Sparks Ind Inc capital-.

North American Car common——.20

National

Cylinder Gas

Pressure

r'

36

■

.;

'

ill

Cooker common-

134%

' '

—

"

11

7

,

10%

11%

700

12

% Jan

%

3%

450

2%

Jan

3%

Jan

3%

1,350

3%

Jan

3%

Standard

compion

—

._5

-

—

18

200

16

14%

300

13% Jan

Jan

Jan

11% Jan

4%

Jan

5

Jan

"150

26 Va

Jan

28%

Jan

23%

23%

400

23%

Jan

23% Jan

10

5

450

8%

Jan

10 %

5%

500

5%

Jan

5%

15%

10

10:.

5%

Jan

14

9 %■

100

28%

5

10

750

28%

'
•

17%
14 %

7

•

16%

150

15%

Jan

16% Jan

12

12%

800

10%

Jan

12 la

Jan

'

Northern States Power class A-,

Bastian-Blessing Co

"

■

Equipment Co common—
Asbestos Mfg Co common
Athey Truss Wheel capital.
Corp

323/a

14%

11%

:

West Corp capital———
United conv pfd--——.

Nachman
American

28%'
11%

32Vg

~

Midland

High

Jan

45%

13

M-M-

A

Midland

Low

26%

.

—10
m

Co_

Sery preferred—

Middle

52
•

28%
11

28%
*

Mfg class A——-

Mickelberry's Food Prod

Range Since January!

43%

53
1

2%

•

Sales

far Week
Shares

of Prices
Low

—-25

Advanced Alum Castings
—
Aetna Ball Bearing common:
;

Week's

Range

Friday

Laboratories

2%

$2 cumul partic preferred..—.
Class

Jan. 16 to Jan. 33 both inclusive, compiled from official sales lists

Allied

;

it

■.

common————

common—„—

Merch & Manufacturers Sec—

Chicago Stock Exchange
Sale Price

•

"

*

Jan

103%

Masonite Corp

STOCKS-

;

•

Loudon Packing common.^

Mapes Consol Mfg capital.,——

Eastern Mass Street Ry—
4V2S series A

Acme Steel

v

•

Liquid Carbonic common—,-—_

41 series RR

*

18

Jan

Northwest Airlines Inc

14%

Jan

Northwest

Bancorp;

.25

common.

common—

12%

;

Jan

850

39

;
t

59%

57

1,020

39

Kentucky Util jr cumul pfdi—T,/—50,
Leath

Jan

BONDS

1st mtge

//:;

13%. Jan
7/4%. Jan

Jan

4%

500

V

58%

57

L5

Joslyn Mfg & Supply common—.

■13:
4%/

12%

*

common

Harvester

(W B)

Jar vis

!

•

Steel Products

Indiana

International

"

Boston

i

'5% Jan

4%' Jan

250

4%;

25%

W)

;

Jan

45%

Goldblatt Bros Inc

Goodyear Tire & Rubber common—*

i

Jan

44%

45%

"

39% Jan
11

34%

10

(II

6% Jan

15

38%

General Finance Corp common
„1.
General Foods common—,y!,!..*;

Co

200

38%

•

General American Transp common
5
General Candy class A—;
—5-

Gossard

25% Jan

/Jan

250

4

1

23

150

77

10

common--

Jan

10

Four-Wheel Drive Auto—

Corp

9% Jan

100,

9%

Motors

.Jan

100

9%

-

9

10%

,*

common

8% Jan

10%

Fitz Simons & Con D & D common

Gardner Denver Co

27%

Jan

10%
v

,

1

common I——,.

42

Jan

8%

10%

—

10%

Elgin National Watch-Co——
15
Eversharp Inc common
——_1

Fuller Mfg Co

Jan

Jan

26%

30
465'

32%

——*

comnjion——

Eastern Airlines Inc—L,

/

.

27%

8%

—./

,_*/

——...

42

26%

Cohn .preferred—.100

&

common-].—-—-

Diamond T Motor Car ;common——2

Jan

82%

—•

85 la-

Jan

25%

90%

1

-100

X86

Jari

66

,10

Vermont & Mass Ry Co———
Waldorf System Inc——
—

90c

783/4

Jan

7

100

34

14%

~~~25

Jan

9%

100

30%

68%

Jan

338

34

30%

5

-

6

6

.-77

1,313

8%

9%

:

290

2,902

10

8V4

«

—

———

Westinghouse Electric

13%
21c

12% Jan

7

277

110

4

Va

,

Jan

3

42c

10

—-4-

Utah Metal & Tunnel—

38%

74

:

Jan

92

24%

——4—

—

21c

14%

78 .x

80c

United Shoe Machinery Corp—
61 cumul preferred—
8

13%

Jan

3%. Jan

34c

v.

50

.

Co_

7

10

30%

91

'

*

Drill——4

Jan

25

-

3

7

*

tThe)—

Co

2%

7

40c

—

Sullivan Machinery
Twist

Jan

243

j. w.77.

•

Union

14%

320

:

.

3%

3%

2.50

Reece Button Hole Machine——

Torrington

Jan

38 y2

'

4-4:;'4u- '4; v. -'

,

—

Webster Inc—-

jan

3%

13

'

;v 77-' "

-

Quincy Mining Co—-4——-4—_

&

28%

30%

17c

-v.:;;

•

.

38%

■

Stone

Jan

Jan

3

7 7-7-.

7

—1

Pacific Mills

Association

38%
80c

91

Mining—^.———
Railroad (N H)

Shawmut

Jan
Jan

X1414:Xl41/4

-4-—.

North Butte

——.—

37
80c

•

Mergenthaler Linotype 4.——^.
Narragansett Rac'g Assn Inc
:
Nash-Kelvinator—I———4--.

RR

:

60

50

314

3%

100

5% preferred --—— —_—.
Util Associates v t c——1—.

Pennsylvania

5

i—25

Mass

Northern

3

38%
80c

29%

—

—

(Del)

Corp

Boston

Maine Central

U

.

Royale Copper——

Kennecott

.

38
80c

preferred

conv

1%

50

21%

■

it

Westi

& South

General

Isle

700

14%

■

prior preferred—
class A 1st preferred——-

5%

Jan

Maine RR—

&

2%
14%

Central States Power

Jan

2614

Boston Elevated Ry.—_4————100
Boston Herald Traveler Corp.:
Boston

2%

;:v;

7-

Foundry capital

Jan

85

25

—

Jan
Jan

14

preferred- —J30

Central Illinois Pub Serv

Jan

4%
26%

•

Jan

104

Jan

135

Jan

104

*'

High
18%

Jan

:

25%

Albany RR—
—

Range Sinoe January 1
Low

129 Va 134 '/8

130

pfd_- —100

15%
28%

,

14%

.

145

*

Bigelow-Sanford Carpet 6%

•'

Jan

14%

■■

Shares

18%

50

'.

26%

2%

•

Cities Service Co.

High

17%

100

•

——

—

Anaconda Copper

Boston

Low

100

Tel————

&

Woolen

American

of Prices

Par

•

•

—

Jan

5% Jan

■

13% .Jan

500

,740

for Week

Range

Sale Price

American

Sales

Week's

Friday
STOCKS—

15%
28%

Jan

14%

Chicago Yellow Cab capital—--..
Chrysler Corp common

official sales lists

both inclusive, compiled from

33

Jan

35%

Jan

:

4%

14%

—v_.—

conv.

Convertible

Boston Stock Exchange
to Jan.

■y..7

common—

Common capital —1

16

14%

•

common—"!——!———. —10

5%. cumul

Chicago

Jan.

34

Campbell Wyant & Cannon

Jan

59

:

1963

6

Jan

-

59%

'

•

1951

——a

6S

&

(E

Butler Brothers

Prior

,1975

200

27%

15%

'28%.

Wire 'common-

Bros

Bonds—

Md & Pa RR 41

5

,,

co'mmon—

preferred—1———-

A

Bruce

131

Jan

22

450

23

31%

.

4s——

Cprp

Fence

Class

Jan

7%

1.75 Jan

70

1.75

22%

■

31%

Transit Co

500

5%

5%

Laughlin common—

14%

.

Jan

128

106

25

125
100

35%

34%

_,r

—

•

13

——

High

.

Jan

■5%

Jan

13

35%
29

Fidelity & Guar

Baltimore

common——, —5

Brewing corp—

Bliss

Jan

12%

Jan

100

6V4

•

Amsterdam Casualty——..

L010

900

6

1.50 Jan

11%

100

pfd—

'

Maryland & Pa RR
New

700

Jan

17

Jan

1.15 Jan

14%

7%
130%

Fidelity & Deposit ———
Fidelity & Guar Fire Corp —
Georgia Sou & Fla 1st pfd——_
2d preferred-———

16

404

58

•"

;

125

1.50

14%

—

•

High

Low

11%

.

—

Chemical Co——

5%.

.

"

57%

■

Consol Gas Eleo Light & Power com—*

6

Range Since January 1

High

'

Range Since January!

Shares

17

1.15

1.50

Bendix. Aviation

for Week
.

High

17

———

*

:

Corp-—

Low

Sales

Shares

'

of Prices

Par

Radio

Belmont

.

for Week

Range
of Prices

Sale Price

Par

Sales

Week's
Range

Sale Price

STOCKS

common

STOCKS^—

both inclusive, compiled from official sales lists

33

Friday

Arundel Corporation
Baltimore Transit Co

Last

Exchange

Jan

Jan

.

;

Voiume

THE

Number 4145

157

COMMERCIAL

&

OTHER STOCK
Week's

Last

North

Util

West

Prior

lien

Omnibus

71

preferred

Low

810

9

00

60

56

H

Jan
Jan

5

common——10

17

5

2

igh

13
66

16

Jan.

Jan.

to

22

both

inclusive,

Jan
Jan

compiled from

.

Friday
STOCKS—

Week's

Last

Range

Sale Price

200

4%

Jan

5%

Jan

50

14%

Jan

17%

Jan

Apex Elec Mfg preferred

800

2%

Jan

2%

Jan

Brewing Corp of America..—

23 %

Jan

Jan

City Ice & Fuel

*

Par

Parker Pen Co

Peubudy

(The)

Coal

B—

common

%

2%

25

24%
46 Vb

25

25

47 V8

325

46%

Jan

47%

Jan

Cleveland

Builders

22

5U

capital

RR

Pennsylvania

17

23

130

22

Jan

23

Jan

Cleveland

Cliffs

.100

Clark Controller

100

Peoples Gas Lt & Coke capital
Circle

Periect

(The;

Co.—

Poor & Co class B—_—_

Co

Potter

(The)

Steel

—1

Oats

Co

l

7 Vb

—*

70%

4%

100

4%

Jan

4%

Jan

1 %

1 Va

,vJ 200

1%

290

Jan

7%

Jan

Cliffs

Corp

Fostoria

70

.

39

7(?

50

3t

Jan

39

Jan

71

Jan

380

71

common.——I-—10

Packing

Common

,

40

Jan

1%

1%

100

%

Jan

1%

50c

2%

2%

50

2 Va

Jan

2%

Jan

10

14 Va

14%

300

' Jan

14%

Jan

Co common;

h
't

St Louis Nat'l Stockyards
Sears

Corp

common.:......!——*
South Bend Lathe Works capital—_—5
Spiegel,

Inc.,

Standard

common——1

Dredging

rl%

v

Standard
Stein

20

—r.

Oil

& Co

of

Indiana

(A)

vvarner

dtewrtit

Sundstrand

corp

Machine

Swift

<fe

Swift

International

Co

V

5

Corp

25
.15

_

capital

1%

common

Trane

common..:-—

Co

(The)

Union
U

S

8%

61%

Jan

4%

Jan
Jan

Metro

,

Jan

Jan

1%

3%

Jan

1%

<

&

Co

295

11:!

11

11%

1,171

12

12

25

,

50

a

....0

15

%

Jan

14

Jan

2 '.

H

Jan

50

Jan

63 %

Jan

lO'A

Jan

llVa

Jan

12

Jan

12

Jan

2 %

50

96

a

a'25% a27

100

:

15%

100

a24% u25%

*

Rubber

61

36%

Jan

14 (a

24 Va

2,350

30 'a

i'

v: 300

23 %

375

National

36%

Jail

3 6%

Jan

32

32

1,310

30%

Jan

32

Jan

20

20

110

18%

Jan

20

Ja n

"4

Jan

"B

Jan

95

National

:

Richman

Standard

8%

Jan

■■

■

;.i4%

..

Jan;

24%

Jan

43%

V;

9

196

42%

»

"

—

*

preferred

79%

Jan

i'/a

Jan

82%

Jan

6( %

Jan

63%

/" 805

61%

v

16%

18%

50%

14%

14%

80

14%

Jan

14%

Jan

2%

2%

200

2%

Jan

2%

Jan

al6% al6 Va

Oil

—._1

...

31

4%

J

4%

*

common....

6%

..*

—

:

Prod

11%

Upson-Walton

...

—

210

~3%

Jan

65

Jan

in

75

Jan

200

11%

Jan

11%

Jan

27

765

23%

Jan

27

Jan

45

a27% a27%

*

,

1,100

75

a38% a39

10

150

"4%

Jan

5

Jan

1,657

9%

Jan

7

Jan

261
25

Inc

4%

73

*

—

...

Ohio.

of

4%

73

11%

26 %

':

Van

Dorn

.1

4%

5

:'■%;:

Works

Iron

*

Stores

Drug

11%

10%

7

*

11%

7

7

100

11%
7

Jan
Jan

Unlisted—

Jan

Vb Jan

General

1$%

Jan i

19%

Jan

Jan

50%

Jan

112 Vb

Jan

115%

Jan

Jan

2

Jan

■

f

900

2

2

8
16

v

2

37

2,166

■'

*

Bros.

Thompson

Jan

9

4'r%

1.000

114% 115%

.

645

48%

50

Jan;

71

.

23

5

Jan

J

14

80%

60 %

80

1

„

If/a

50

16 Va

16%

100

common

Jan

'

capital—5
.

'%

150

.

Jan

5

Jan

~

41

.

4%

Cement....———.*

Jan

30%

Jan

'. ''

v

•.

Patterson-Sargent

J in

■ Jan

.

20

_4%

Refining

Jan

Va Jan.

1%

2?

9

Brick...:

Prior preferred

1%
„

32

al9% al9%

Acme

9

Jan

*'1

•

Jan

855

..

*
..._

Portland

Paving

Jan

: '%

...

!'*.

Jan

28%

21 %. Jan

Jan

13 %

•!

Jan

70

8%

.7%

42 Vi

20

:

Products

Radio

Jan

100

Jan

24

Jan

200

1%

.25

capital

Transp

common

cumulative

Utah

1J

a

-

Sessions

&

Medusa

9%

2:

1,520

9

29r;a

2

—

common

Lines

Air

Steel

S

71

Carbon

Co

64

13

Laughiin.

Lamson

Jan

50

28%

•

14'/a.
24'/a

Air Lines—5

Carbide &

Gypsum

United

U

West

&

Jan

alO 'a

h

63%

Steamship

&

%

300

,

13. t-

Jan

■■

25

capital—.

Thompson (J R)
Transcon

Jan

20%

alO1

*

preferred

Weinberger
Texas

88

Jan

b

Jaeger Machine

^I'/b

.

"'

'

Interlake

Jan

350

3%

1%

...

150

24

13

1 %

common—5

Tool

capital——

% 100

9

—1

common

:. 250

9%

28 V\

capital——25
_—>*■■

common....

Sterling Brewers Inc common..

4%

3%.

'

Preferred

Jan

23 %

2

common

G0%

42

Jan

59 Va

4%

4%

-

42

59%

60%

captuu

100
853

9%

...•

Co

Steel

Slgnode

Tire

Halle Bros

Jones

42

42

capital——*

class B common——1

Roeuuck

Serriclc

Jan

20%

Jan

——

Reliance Mfg

39

preferred——5

Raytheon Mig Co

88

60

13

F)„....—_

High

68

20%

63

Steel.
Rubber

&

<B

Goodyear
Rath

Low

88

63:

common

Tire

Goodrich

Range Since January I

20%

0

preferred

lists

88

I

Pressed

General

common!..—_

Shares

High

_*

Realty

Iron

sales

Sales

Jan

7%

VI %
C %

Jan

6%

•LJ V'

commuiu..,—.—1

Car

Quaker

4'%

—r~"

common—

Pressed

Low

official

for Week

of Prices

3

797

57/a

1—6

Corp common—

Se

Range Since January t

13

64%

—100

preferred..

Shares

High

12

100

EXCHANGES

for Week

of Prices

Low

Par

331

Sales

Range

Friday
Sale Price

STOCKS—

CHRONICLE

FINANCIAL

Electric

Glidden

Co

.———10

common

common..

N

Y

Central

Ohio

Oil

U

S

RR

Steel

a

_*

._*

„

a

a48

*

_

i

a

Va

'

—

45
50

12

147'«

***"•*'

50

ali% all%
12

i

123

15%

n33% a34:%

....

common

steel

al5V8

:*

common———.

common..

Republic

V

a32% a33

*

...

Industrial Rayon common

160

15

104

178

a 50%

'

■!:

Walgreen

Wayne

Co

Jan

18%

300,

l8 Va

Jan

27%

28

168

26%

Jan

50

82%

83

i 8Q7/8

Jan

♦

capital

Co
Tel

Union

Wieboldt Stores

—

common

Wes.tinghouse Elec & Mfg

Cumul

29 Va

18%

.100

common

Pump

Western

Inc

—

common

21%

1

18 'A

5%'

common.—

prior preferred——*
Bankshares common.
—*

Wisconsin

Industries

Woodall

Wriglcy

(Wm

190

,1

:

3%

5%

5'%

3%

3%

3%

300

•

61%

60%

61 Va

176

capital

:

.

Jan

Jan
Jan

Jan
Jan

Jan

28

83

Jan

58 vb

500

Jan

18%
-

Jan

5%
; 3%

40

5? 4

21%

-;

Jan

85%

50

5%
85%.

85 Va

v

85%
'V

Jan

5%

Jan

61 %

V

Watling, Lerchen & Co.

Jan

3%

Jan

.

Members

1

Mach

Yates-Amcr

Zenith

Co

a

2

common

Jr)

360

21%

21%

Radio

capital

Corp

5

5

■

•;

common

4%

19%

21%

1,275

6Va

21%

67/ii

995

6 vb

20

,

Unlisted

Jan

'

'

i1

21%

York

New

Jan

5

Jan

100

5

Stock

New York

Exchange

Stock Exchange

Detroit

Jan

Curb

Associate

Chicago Stock Exchange

■

Stocks—

Ford
Jan

6%

26 "a

25%

26%

2,080

24%

Jan

26%

Jan

Atchison Topeka & Santa Fe com—100

48%

47%

49%

835

4$ Vb

Jan

49 Vb

Jan

Bethlehem

59

57%

59%

655

56

Jan

59%

Jan

32%

32

DETROIT

Building

Jan

50

American

Radiator & St San

Anaconda

Mining

Copper
Steel

.*

com

•

Corp common

Curtiss-Wright
Co...

•

..

(Glenn

Martin

New

Co

L>

Nash-Kelvinator

5

York Central RR capital

•

6%
11%

Jan

Jan

30%

Jan

33

Jan

35

6

Jan

7

Jan

18

7%

18%

1

common

Corp.!!.—a—

7%

6Va

2,268

7

6%

•

525

33

7%

1

Electric

General

Internake Iron Corp common..

19%

70

6%

6%

506

Jan

6:Va

i-i.-.:

19%

Jan

Jan

16

Jan.

to Jan.

22

both

inclusive, compiled
Friday

'•T

Pictures common

Paramount

Inc

Pullman

Oil

Pure

Co

—1

capital
;
(The) common.

•

of America common
Republic Steel Corp common

•

Standard Brands common—.

16

330

15%

Jan

28 Va

480

26%

Jan

28%

Jan

11%

474

9%

Jan

11%

Jan

5

Jan

9%

U.

S.

Rubber Co

Yellow Truck

—10

common..

& Coach

6

>5%

6

•

Jersey capital—25
Studebaker Corp common
1

class B

...

Last

Jan

15%
27%

4%

47%

■

46%

6V8

26%

25%
13

1

2,545
535

15%

14%

Standard Oil of New

16%

16

27%

*

Radio Corp

V-

14';.,

610

4%

612

5 ..."

47%

46%

Jan

?,%
25%

Jan

1?%

Jan

.

.

Jan

Drop

.

27

Jan

Continental. Motors

13%

Jan

Crowley,

Jan
Jan

Milrer

Edison

|

Jan.

to

22

both

inclusive,

compiled from official

Friday
STOCKS—

Range

Sale Price

Par

Industries

Aluminum
American

Champ

Churngold

:

O

N

.100

Eagle-Pieher

-50

...

Corporation

Crosley

Dayton & Michigan

86

..50

....

Cincinnati Telephone

89

..20

P—

T

&

Cincinnati Street

15

20%

92

200

1%

20

99%

6%
89

85

8%

8%
63 %

65

9%

—

5%

,

7%

...

9%

High

Low

High

1%.
1%.
100:," 100

100

Cincinnati Gas & Electric pfd.
C

Range Since January 1

20%

...20

Laundry Mach....

Brewing. ————Paper preferred-—.

Burger

Shares

5 %

—•.

7'/a

...

90

2Q0
130
60

86

8%

609
168

65

82

9%

22

preferred

5%
.

20%

5

81%
85

8%
60

9%
88

Jan

Jan;
Jan
Jan
Jan

Goebcl

Hall

Lamp

Hoover

21%

Jan

Hoskins

1%

Jan

100

7V3
90

Jan

86

Jan

Jan
Jan
Jan

Jan

9

Jan

Jan

65

Jan

9%

Jan

Jan

88

Jan

7%

8

103

7%

Jan

8

Jan

*

Gibson

Insulation
Art

18%

19

200

16%

Jan

19

Jan

*

a;

—*

—

National

:

Pumps

22

22

22

20

Jan

22

Jan

27%

27%

27%

285

26%

Jan

27%

Jan

1 Va

200

1%

Jan

1%

Jan

'2%

2%

57

2%

Jan

2%

.—

49%

50%

473

48%

Jan

50%

Jan

10

——

Procter & Gamble common

8%

*

preferred

Randall

class

A

....

—

..—100
!—*

50%

227!

17

17

U.

S

Playing Card

——10

$. Printing preferred

45

227
17

■

3

226

Jan

227

Jan

20

17

Jan

17

Jan

Columbia Gas
General

-—

—

.

Brand?

footnotes

*

see

page




336.

1%

Jan

10

Jan

10%

Jan

IV*

200

75c

Jan

1%

Jan

4%

4%

325

Jan

4%

Jan

Jan

1%

4%

200

1

Jan

IV4

3

Jan

3%

Jan

18 %

17%

18 vb

2,665

17% Jan

18 v«

Jan

400

2

Jan

2Vb

<Jan

200

15

Jan

15%

300

4

Vb

Jan

4%

Jan

1

1

15%

4%

4%

*

3%

3%

205

3'%

Jan

3%

Jan

1

1%

1%

100

1%

Jan

1%

Jan

17%

17%

100

Jan

17%

Jan

3%

3%

7,480

Jan

3%

Jan

Jan

2

Jan

Jan

1,00

Jan

common

common

2%

1

—1

3%

—3

common

2

1
1
5

common

V

17

Jan

2

3%

1%

600

1.00

2,700

4%

99c

4%

175

4%

Jan

4%

Jan

96c

83c

15%

15%

100

14%

Jan

15%

Jan

—2%
Houdaille-Hershey class B_......
.*

9%

9%

9 va

180

9%

Jan

9%

Jan

9%

Jan

4%

Jan

&

Bear

Mfg common

Hudson Motor Car,
Hurd

common

Lock

&

9%

10

5 %

common.—

1

60c

1
1

Mfg common

1%
50c

50c

300

5 vb

125

56c

51c

3,600

Jan

'

Kingston

Products

Kinsel

Drug

Masco

Screw

McClanahan

common

common

—

Products
Oil

Sugar

1 V

——10

>

-~rl

common-.—10%

Products

Wheel

lis

—1

——5

common:—...

——,—10

Murray Corp

__

6%

.

1%

100

8

1%
84c

7%
10 %

12%
5%

1%

Jan

10

•Jan

5%
63c

Jan
Jan

1% Jan
51c

Jan

250

1

Jan

1

Jan

400

50c

14c

common———.

Preferred
Motor

50c

1

...

Michigan Die Casting——
Michigan

1%

.1

common

common

PacKard

Motor

common

Prod

Peninsular

Mtl

Prudential

Invest

Rickel
River

(H

W)

Raisin

Jan

2%

Jan

30%

30%

25

30 Va

Jan

30%

Jan

38 Va

38 Va

17

38

Jan

38 Va

Jan

11 Va'

10%

11%

126

10%

Jan

11%

Jan

Universal

11

10%

11

77

10%

Jan

11

Jan

Class

Simplicity
Standard

Paper

1

2>

a

1

23b

1,915

2

2

13c

Jan

14c

100

1%
14c

600

1%
94c

1,500

50c

1%
62c

Jan

Jan
Jan

vb

1%
91c

Jan
Jan
Jan

7%

200

6%

Jan

7%

10%

250

10%

Jan

10%

Jan

12 vb

170

11%

Jan

12 V8

Jan

6%

2,250

5%

Jan

6%

Jan

3v4

Jan

Tivoli

Brewing

Investment

2%

Jan

Walker

&

Aircraft

Co

class

Jan

6

Jan

Jan

84c

Jan

400

1%

Jan

1%

Jan

1,050

2 vb

Jan

2%

Jan

200

1%

Jan

1%

Jan

174

10%

Jan

12 Va

Jan

1%

—

1%

2%

2

v4

1%

12%

1V»

1V4

100

1%

Jan

1

1%

1V4

lVa

1,050

1%

Jan

iv2

Jan

1V»

1%

1%

10O

1%

Jan

1%

Jan

3 >4

100

3 Va

Jan

3%

Jan

3%

Jan

.1
—__*

*

A

B.

3 %

Jan

76c

1%

—

45%

44%

45%

129

44%

Jan

45%

Jan

Warner

5%

4%

5Va

225

4%

iJan

5%

Jan

Wayne Screw Products common

common—

3V4
3%

3%

:

125

3%

Jan

%

80c

Jan

Jan

80c

80c

400

68c

Jan

*

2

2

180

2

Jan

2% Jan

1

1%

13«

100

1%

Jan

1%

Jan

4

4%

4.V4

300

4

Jan

4%

Jan

:

Jan

Jan

5%

—1

common

class

2'%

500

300

12%

common——1

common—...—

Cooler

2,140

6

82c

—10

common
B

82c

5%
80c

——*

common

class

6

1

common.

Pattern
Tube

.1

common

B

30%

—.—*

common

common

Scotten-Dillon

3%

common...——*

Car

*

———

Jan

130

1,825

10

Motors..

Standard

For

*

1,170

iov4

1%

1

1%

IOV'4

2%

Union

——25

Fuel..

Jan

1%

10%

15%

2%

50

Rolling Mill..

22

-.10

10

Unlisted—
American

City Ice &

Jan

21

3%

common

Ball

2%

2%'
U

400

Jan

1%,.

—

'

Preferred

Jan

22

15'A

Parker-Wolverine

Kroner

Jan

4 V:

3 v4

Brewing .common

Motor

Formica

6

Jan

common———5

Industries

Graham-Paige

Jan

Jan

Jan

Wood

5 Va

10

—,

—

Jan

4Vu

3%

Fruehauf Trailer common

Gar

for Week

of Prices
Low

57«

350

Sales

Week's

Last

High

200

4%

21%

——*

Frankenmuth Brew common...-

sales lists

Low

6

4%

2 %

Stove

Truck

Motor

Range Since January f

common—.———5

Vacuum

Federal

Shares

High

20

Nav

common

Detroit Steel Corp

Cincinnati Stock Exchange i

for Week

Range
of Prices

common—10

common

Detroit-Michigan

Eureka

common.—.

Cleveland

&

Detroit

16

4%

Manufacturing common.—

Detroit

Jan.

———_1

Jan

5V»

official sales lists
Sales

6

common.———5

Forge

Rubber common

from

Week's

Low

*
Brown, McLaren common.—
.—1
Burroughs Adding Machine————*
Burry Biscuit common_12%c

6 Va

Jan

450

13'

Atlas

Baldwin

47%

■V

Jan V

Sale Price
Par

Briggs

265

27

STOCKS—

Jan

6

15%

Jan

380

6%

V

,

Exchange

Jan

K'

•

Detroit Stock

Jan

6%

11%

Jan

10 %

890

11%

11%

Telephone: Randolph 5530

THE COMMERCIAL & FINANCIAL CHRONICLE

332

Monday, January 25, 1943

OTHER STOCK EXCHANGES
Week's

Last

Stock Exchange

22 both inclusive,

to Jan.

16

Jan.

Week's

Last

of Prices

Par

Aircraft

Accessories
Petroleum

Bandini

Diamond

Blue

Inc

1.90

1.85

Jan

Packing

3%

3%

600

3%

Jan

3%

1.55

1.60

840

1.35

Jan

1.60

Jan

8

8

110

7%

Jan

8%

Corp

2c

2c

6,000

2c

Jan

3c

Jan

MM.

16 Va

Jan

—

I

Corp

Creameries

of

America

195

19

Jan

25

Jan

American Stores

8%

8 Va

100

8

Jan

9

Jan

American

MM

a 69%

General

Motprs Corp

General

Paint

Corp

85

69%

68%

Jan

68%

Jan

Tel

Tel

7%

1,078

7 Va

Jan

7%

Jan

Budd

(E

6%

7%

2,875

6 Va

Jan

7%

Jan

Budd

Wheel

21%-

21%

775

20%

Jan

21%

Jan

100

3%

Jan

3%

Jan

Curtis

37/a
a57'/s

3%

Va

58

•

7%

160

7%

4.4%

44%

305

44%

a5

*

5

50

267/a

26%

220

—*
26 7/f

G)

Pub

Mfg

Co

Jan

7%

Jan

44%

Jan

5

Jan
Jan

5

Jan

26%

Jan

35

Jan

Holly

Development

Hudson

Motor

*

Co

Car

Company

Oil Co—

5%

5*4

*

300
450

5 V4

17c

—10c

17c

6,000

lc

lc

34

57%c

4%
ft

100

11

1
:__10c

———

270

35

57V2C 57 %c

—_1

Hupp Motor Car Corp
Intercoast Petroleum Corp
Jade

35

lc

14c

Jan
Jan

57 %c

5%

Jan
Jan

Jan
Jan

Jan

17c

Jan

Lockheed
Los

Co.....

Menasco

18%

18 %

170'

8

9 %

1,386"

1.10

1.15

700

1

Mfg Co

Merchants

Petroleum

530

1

—10
1

al5c

15c

6%

Jan

7%

Jan

17V2

Jan

18 %

Jan

Jan

9Va
1.15

Jan

Co

8

97%c

Occidental

Petroleum

6%

preferred

2,000
4%

Jan

23 %

Jan

25
33

Jan

116

67%

Jan

1%
35%

45%

Lehigh Coal & Navigation————•
Valley RR...
50

4%

4%

47/a

3Va

3%

3%

150

Pennroad Corp voting trust ctfs

4%

3%

4%

7,559

25

2,625

149

10

114% 115%
31%

15

14%

Lehigh

......

1
50

Penna

50

Salt

Manufacturing

Philco

Corporation

Reading RR

preferred
Dome

'—...50

—.—

Oil

Corp

Scott

Paper...

1%
35%

Jan

Jan

45%

Jan

4% Jan

4%

Jan

3%

Jan

3%

Jan

3%

Jan

4%

Jan

23%

Jan

25

149

Jan

150

Jan

58

114%

Jan

116

Jan

31%

383

31%

Jan

15*4

110

13%

Jan

15 *4

15%

79

14%

Jan

15%

Jan

27%

.115

Jan

27%

Jan

2%

3%

826

27Va
2%

Jan

3%

Jan

2%

——„*

38%
50%

Corp $3

33

33

300

30%

Jan

27

27%

225

27

Jan

36

36

337

34%

Jan

2.15

2.25

700

2.10

Jan

2.25

preferred

18%

...

Coal

5%

20

21%

3%

3%

800

3%

Jan

3%

Jan

27%- Jan
Jan

Safeway Stores, Inc....
Oil

6%

6%

Oil

C

22 Va

a31

31

...25
pfd
25
———25

16

Jan.

to Jan.

22

both

Superior

17

California

Universal

Consolidated

Oil

Juneau

Cardinal

Gold

Unlisted
Amer

Mining Co....

Viscose

&

Co

100

Corp...........

Bethlehem

Canadian

Jan

29%

Jan

33

Jan

33%

326

33

Jan

33%

Jan

17

1,085

16

Jan

17

Jan

29%

869

28%

Jan

29%

Jan

59

40

53%

Jan

55

Jan

150

9

Jan

9

Jari

9

16 y8

2,200

9%

6%

Jan

6

V

6%

Jan

16%

Jan

10

Jan

8%

Jan

6

Jan

4

200

4

i%c

1,000

85c

85c

i%c
85c

6% Jan

3%
IV2C

Jan
Jan

4'%

Jan

1%C Jan

100

14

a39 %

f

a

a33%

Commercial

26 %

3V2

3%

814

Solvents

&

200

403

100

13.

35%

"

Motors

Corp

Oil

Corp

(Del)—.

59*4
28

1

Tel

&

(D L)

Candy..

Columbia Gas & Electric

Copperweld Steel
Oil

Devonian

Products

Harbison
Lone

Refrac

Fuel

Flreproofing Corp.—

Ohio

Oil

&

Pittsburgh

Brewing

common

Robbins

Central

Inc..:

North

American

3%

Jan
Jan

48

3%

Jan

Jan

13

3%

3%

Bolt

&

North

American

Corp..

MM

II

...
■

&

Bros.,

.

Ohio Oil Company

Oil

Pure

Republic

Steel

of America

Shamrock Oil & Gas

common——

—_

&

Socony-Vacuum Oil Co

Jan

7*4

Jan

6%

662

5%

Jan

6%

Jan

Jan

45c

Jan

15c

Jan

15c

Jan

100

1

Jan

1

l

'

,

9%

20

9%

156

84%

Jan

4%

95

4*4

7

Jan

7

Jan

Va

25c

9%
4%

Jan
Jan

Jan

100

25c

Jan

2 Va

170

2

Jan

2 Va

2%

2%

1,360

2%

Jan

2%

Jan

o'*-*

ZIIi

27%

.27%

200

27%

Jan

27%

Jan

'

16%

2%
\

—50

■

.

LM

"V-r"'' v,

25c

88

2

MM

16%

V

•

15%

50^

Jan

25c

Jan

17

110

•17

17

Jan

Jan

17

Jan

17

-

Jan/"

Co.

&

1922

Jan

Members
New York Stock Exchange

Phone

10%

10 %

25

9%

Jan

9%

Jan

Chicago Board of Trade
Associate Member Chicago Mercantile Exchange

a24%

a24 Va

241%

50

22%

Jan

22%

Jan

New York Curb Exchange Associate

ft

fs

200

%

i>an

Til

Jan

400

4%

Jan

4%

Jan

7

Jan

7%

Jail

a

4 %

4%

a26%

267/a

7y4

170

a32

32%

135

31%

Jan

31%

35%

230

35 Va

Jan

35V2

CEntral 7600
Postal Long Distance

Jan

Bell Teletype SL

Jan

35%

a

St. Louis Stock Exchange

Chicago Stock Exch.

593

30

7%

7%
32%

a24%

25%

t

St. Louis Stock
Jan.

16

to

Jan.

22

both inclusive,

175

al%

1%

31%

185

7

7Va

200

30%

30 y4

305

5%

5 v2

130

a44%

44%

Last

STOCKS-

6%
30

5%

Jan

7%

30%

Jan

Jan

5%

Jan

Par

93

Inv

American
Brown

Shoe

Coca-Cola

15%

15%

a35%

a35%

35%

25

12

11*4

12

1,380

10 %

Jan

12

10%

70

10%

Jan

10%

Jan

10%

10%

476

10%

Jan

10%

Jan

Range Since January 1

Shares

Low

High

35%

Jan

325

15%

Jan

16%

Jan

125

17%

Jan

18

Jan

7*4

Jan

35%

66

15%

16%

18

1

..1
...—.5

common—

Jan

5%

Jan

924

18

5%

High

Jan

31

5%

35

..1

5%

Jan

10%

Bottling

of Prices

Loio

.....1

common—
common.

Sales

for Week

Range

Sale Price

Jan

Jan

Exchange

compiled from official sales lists
Week's

Friday

50

a29%

a

a

10%

55

al2

al2

12

50

3%

3 V4

"100

24%

24%

24%

320

Columbia

a

11%

all%

11%

130

12

2%
24

Jan

12

Jan

Jan

3%

Brew

common.

Ely & Walker Dry Goods common

25

Falstaff Brew common

24%

Jan

5%

6

1,400

15%

15%

120

14V4

Jan

15%

Jan

a60

60%

56

59%

Jan

60%

Jan

5

Jan

6

Jan

]*

11

10%

11

600

10 %

Jan

11

Southern

Railway Company

*

8

16 7 a

16%

130

16%

Jan

16%

Standard

Brands

•

5

4%

5

700

4%

Jan

Standard

Oil

of

Ind

25

a28%

a28%

28%

Oil

Co

(New

25

-

Shoe

McQuay-Norris

*

common

Piping & Sply common.
Portland Cement com.;

*
25

Jan

National Bearing Metals common——*

Jan

National Candy

30c

7%

Jan

,

6

Jan

Jan

30c

Jan

600

20c

4%

150

3%

420

CN CO C5- -CO

55

5

9

9

9

45

9

38

38

38

25

38

12%

Jan

Jan

Jan

5*4

15%

Jan

7*4

30*4

M —

7%
26

5%

4%

—

Jan

30

5*4

30*4

Missouri

23

29%

4%

"

common—

95

M

-—100

Preferred

7'4
6

30c

144

230!

7*4

Hydraulic Pressed Brick common—100
International

7%
26

5%

6

*

Laclede-Christy Clay Prod common—_5
Landis Machine common
——20

Va

175

15*4

15%

12%

12%

12*4

12%

200

17*4

50<

Jan

Jan

4%

Jan

30*4

Jan

Jan

5*4

Jan

Jan

9

Jan

Jan

38

Jan

14 Va

Jan

15 Va

Jan

12%

Jan

13

Jan

11

Jan

12%

Jan

Jan

20

Standard

7*4
25%

.1

Jan

Jan

&

Stone

Webster

Studebaker
Swift

capital

Jersey)

Assoc

United

Air

Aircraft

U

U.

S.

Steel

Co

:

Corp

Transport
Corp

200

70

47%

Jan

47%

Jan

5%

Jan

6%

St Louis Pub Serv Class A common

Preferred

Scullin

a23%

23 Va

46

a42 %

42%

80

42%

Jan

42%

Jan

10

ioy4

10 y4

100

9%

Jan

10%

Jan

Stix,

•

a79

79%

92

5

al9%

Warner Bros Pictures Inc

page 336.




19 Va

50

18%

Jan

18%

Jan

a27

27

15

27%

Jan

27%

Jan

a25%

26%

90

a48%

50 3

5

a77a

a77a

323

7%

50

Baer

7%

common

& Fuller

Electric

common.

common

*
*

—

1

1,069

14*8

Jan

17%

8V0

135

6%

Jan

8%

Jan

8

8*4

Jan

8*4

Jan

*/4

4

Jan

98

7

Jan

98

43%

6

43%

Jan

43%

Jan

9%

'.—*

98

43%

100
.100

—1
10
15

17%

8

8*4

—

9%

12

7%

Jan

9%

Jan

7

7

185

6*4

Jan

7

24

98

Jan

6%
25%

7

17

6 %

Jan

7

Jan

25%

26

315

24*4

Jan

26

Jan

85

$1,000

85

Bonds—•
St

Louis

6s

Car

Pub Serv

St
48

common

Alum

Wagner

5

—

Steel

Sterling

a

common

Dry Goods common

Scruggs-V B Inc 1st preferred

*

Corp

see

Rlce-Stix

Jan

10

Co

For footnotes

75

6y4

Jan

25

Lines

Rubber

S

6%

6V4

5

25

Union Carbide & Carbon

United

47%

a6 V4

l

Oil

a26%

*

Company—
Corp (The)

Water

167

25

Inc

Corp

&

Texas
Tide

Inc

/

v:; 1 ■•'••• Jan

Jan

87%

Established

*

;

15%

Jan

Edward D. Jones

Jan

13

*

Co

Jan

7

St. Louis Listed and Unlisted Securities

Midwest

Roebuck

Sears,

Jan

2%

13%

773

Jan

•

Corp

2%

100
150

7Vt

25c

'

Jan

•

*

Radio Corporation

Jan

2%

15%

4

Jan

o0

Co

Jan

Jan

86%

2%

*

Co

Jan

Jan

8%

8%

150

1

5%

»

RR

292

200

25c
■■

#

...

Hussman-Ligonier common

Pennsylvania

15

15c

'

Jan

*

Packard Motor Car Co

10

Jan

9%
>

»

Jan

1

Company

Jan

45c

■■.v

■

•>

—25

—

Company

Reymer

Jan

*

Inc

Jan

Jan

9%

'

Screw

Jan

48

»

Aviation

2%

2

45c

-Lwi-

2

.—18
:

Jan

Jan

15

Jan

6*/a

6Va

392

Jan

Jan

6%

'

5%

7

RR

''

21.1

Pittsburgh Forgings

220

10

'V 15c

■

*

■

Jan

7

,1—5 '

1

Gas

10

2%

'

.

*

■

95

8%

14%

15%

2ll0

......

6%

50

MM

MM

Jan

18%

62

.

—

19*4

6

10

8V4

117

*

&

York

High

Jan

360

15

814

.

K—*

Supply—

2

400

•

Montgomery Ward & Co

Low

10

■

2%

*

Inc

Range Since January 1

75

15

M—

MM

5%

*

Tel.

2%
'

common.

Burkart Manufacturing common

New

Jan

Sales

Shares

6%
'2%

6 Va

5%

1

Libby McNeil & Libby common

McKesson

21%

for Week

10

"

.

"'MM

::_5
...5

Gas

Mountain

'

..10

——j

Walker

Star

'

......

———

......—;

Brewing

Dusquesne

^

M

2%

*

Corp

Copper

Jan

21Va

30

6%

10

'•

1

2 VI

*

Canada

/•
,

Clark

10

♦

(B F) Co—

International

56

1

Co

of

Jan

705 Olive St., ST. LOUIS
7

80%

1

Graham-Paige Motors Corp
Co

Jan

105 >4

33

a7

—5

Corp

*

common—

160

a28

*

Continental

Nickel

M)

56

a57%

a80 %

25

Co.—

Curtis-Wright Corp
Electric

Jan

6*4

Jan

Jan

230

»

Continental

Foods

19 *4

Jan

Jan

48

10

Southern

Co

Jan

5%

Jan

32 Va
26 Va

3%
'

134%

Jan

Jan

3%

13

Jan

32%

48

a35Va

133%

24%

—25

Corp

Edison

General

(A

Engine & Foundry——— —5
*
Westinghouse Air Brake
j...—

95

:

3%

5

...

Corp

Commonwealth

General

Byers

United

265

33%

26%

a59

Company
Elec

17%
103

39%

a'130 134 Va

130%

a33%

—5

,

Commonwealth

Kennecott.

a38%

100

Ry Co

&

Gas

•'

Electric

Jan

400

100

Service

Columbia

Jan

Jan

1914

6

6%.

——

Pittsburgh Plate Glass.;

Co.—5

Pacific

39 Va

50%

High

19 Va

MM

9

Blaw-Knox Co

Nat

15%

500

10

—3

I Co

Loew's

Jan

Jan

6

Steel Corp...—

Borg-Warner Corp..

Int'l

30%

28%

15%

10

.50
—......—5

Bendix Aviation Corp......

Goodrich

Jan

25

Co.—

(Del)—.

(The)

21'%

Range
Low

—

Westinghouse El 3c Mfg

(III)....

Barnsdali Oil

Cities

30

33

1,618

16%

1

Atchison, Topeka & Santa Fe Ry

Corp

Jan

Jan

400

of Prices

Par

Allegheny Ludium Steel

Renner

*

Anaconda Copper Mining

J

Jan

143

6%

——1

American Tel & Tel Co

Case

22 %

Stocks—

American

Aviation

Jan

437

16 Va

Mining Co.—.10

Smelting & Ref Co

Armour

21%

'

Chollar G & S Mng Co.—;

Cons

38 Va

48%

5,567
.

Week's

Sale Price

Jan

Pitts

Gold

70

Jan

4

33

6%

l

Mining Stocks—
Alaska

:

al6*/a

10

Western Air Lines Inc

18%

29

6%

..25

...

33

9

2

of California...

Oil

Union

10

Jan

a59

29%

5

Air

2,155

Jan
Jan

16%

_*

Corp
Western

&

Transcon

'

4

33

*

Taylor Milling Corp.......
Transamerica

:

(The)——..25

Company

Oil

*

...

of

Jan

inclusive, compiled from official sales lists
Friday

STOCKS—

35% Jan

29%

29

29

—...

Co

Co

17%

100

21%

preferred A.

Standard

35%

50

4

25

preferred

Pacific

25

17%

a

*

Co Led—25

Edison

Southern California Gas 6%
Southern

35%

17'%
4

—15

.....—

preferred B

5%%

a35%

——_0

:

Corp..

Southern California

Jan

Pittsburgh Stock Exchange

36

Last

Union

.

145

6*4
104%

103

„

32'/a

-

Jan

75

'

,

19Va

5%.

103

♦

Jan

2.20

Republic Petroleum Co common.——1
Ryan Aeronautical Co..—
—1

Shell

3,404

50%

L.

preferred

.

39 Va

•

Sun Oil—

United

Jan

Jan

44

26%

.

1

—,_j

Jan

1%

33%

501

14%

'

..

.50 V

Jan
Jan
Jan

200

149

—

—3

——

common—

7%
70

307

24%

—

Philadelphia Electric Co 4.4% pfd—100
Philadelphia Elec Power 8% pfd
25

3%

Jan

15

25
,

Jan "

Jan

25
25

——•

com—

Sontag Drug Stores

12%

Jan

—

Corp

6%

69%. 70

Jan

150
163

3

126

1%

Westmoreland

4%

4%
25 Va

——————

Lighting

9c

4%
a25

1st preferred—

5%
Pacific

9c

—_*

100

7%

__

United Gas Improvement common—*

common.—..25

Electric

&

9c

.1

Corp.

Pacific Clay Products—
Gas

3%

44%

$5

Pacific

3%
7%

Jan

Jan

Jan

50

34%

1st

200

Corp

Investment Co

Jan

Jan

12%

12%

45%

6,000

7Va '• 7%

7%

————1

Aircraft

Angeles

12

134%

35V4

Salt

Lane-Wells

Jan
Jan

10

Jan

Jan

26%

11%
127%

69%

*

common.

High

182

761

__

5

Co

Low

11%

3%

*

Pennsylvania RR
A

Jan

Range Since January 1

12%

common—*

Company

Electric Storage Battery.
General Motors..

' 15

7*4

10

common

common

Jan

2%

130% 134%

130%

.

Shares

High

11%

.10

Chrysler Corp

21

Range
of Prices
Low

——100

Barber Asphalt Corp.

.7%

Goodyear Tire & Rubber Co
Hancock Oil Co

82

Jan

Sales
for Week

Week's

Sale Price

11 Va

&

7%

——4

common

Jan

2%

compiled from official sales lists

Par

7%

*

Products Corp..

Electrical

both inclusive,

Jan.,22

60

25

1

Douglas Aircraft Co

to

STOCKS—

*

*

16

Jan

23%

220

•

Corp

High

110

Last

*

Consolidated Oil Corp

Preferred

33%

Friday

22

V

5

Consolidated Steel

a32%

—

'

17%

'

Chrysler

Jan.

a23%

100

Aircraft Company.

17%

Jan

17%

—l.

*

common

50

Jan

*

Central Investment Corp

2%

Philadelphia Stock Exchange

Jan

3%
1.60

*
1

Byron Jackson Company

Cessna

1.95

1

Inc

a2%

82

High

Low
620

Low

60

—

—....10

(F W)

Range Since January 1

High
82%

Range Since January 1

High

1.85

1.85

,2

Company

Corp

Broadway Department Store
Buckeye Union Oil Co vtc_,

California

Shares

Low

50c

Woolworth

Shares

a82 %

—

1

Willys-Overland Motors Inc

for Week

Range

Sale Price

Low

Westinghouse Elec & Manufacturing_50

Sales

for Week

of Prices

Par

compiled from official sales lists

Friday
STOCKS—

Sale Price

Sales

Range

Friday
STOCKS—

Los Angeles

L

Jan

St

L Pub Serv

Jan

Scullin

Steel

1st

extended

1945

mtge 5s

1959

25 year conv. inc—1964
3s
1941

85

Jan

85

Jan

91

91%

6,000

91

Jan

91%

Jan

54%

56

900

53

Jan

56

Jan

88

88

6,000

88

Jan

88

Jan

85

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4145

157

Volume

Week's

Sales

Range

for Week

of Prices

Shares

Friday
STOCKS—

San Francisco Stock
22 both inclusive,

to Jan.

10

Jan.

Accessories

Aircraft

———

Alaska Juneau Gold Min Co—

Bank of California N

Calamba

—5

.

Sugar

Preferred

i;

California

Ink

California

Water

Central

Amer Inc

Preferred

69

—

common——1
common——-5
,-*

Gen

Kleiser preferred

&

Foster

Metals

Gladding

16

560'

15%

Jan

16'A

Jan

17/

16'/a

29%

17

1,855

15%

Jan

17

Jan

29 %

,

2,323

28%

Jan

29%

Jan

2,883

6%

Jan

67a

Jan

1,146

15%

Jan

16 V4

Jan

100

16'A

Jan

16%

Jan

1,390

8%

Jan

10

Jan

7

Jan

6%

6%

6'%

16%

15%

16 Va

16 Va

16 Va

25
10

-10

.

10

9%

7%

7%

100

29

29

100

3

3

100

3

12'%

12

Jan

7%

Jan

Jan

Jan

23
3

3

Jan

60

10%

Jan

12%

Jan

Va

900

15%

Jan

16%

Jan

6'A

Jan

6%

Jan

33%

Jan

33%

Jan

49"

Jan

12%

%

16

16

23/

a25%

26 Va

150

49

345

Bendix Aviation Corp————J——5

a35V8

Anaconda

Jan

Atchison Top

Jan

11%

Jan

4%

Sanitary——*

Aviation

Jan

of

Corp

Jan

Bunker Hill

40

100

38

Jan

40

Jan

Calif

75

244

74

Jan

75%

Jan

Chesapeake

15

90

15

Jan

15

Jan

Consolidated Edison Co

10 v».

10 Va

Blair

5y4.:

325

4%

Jan

9%.

202

9

Jan

3%

3%

45'/a, Jan
3Va

2,235

3%

Jan

Jan

Jan

12

Jan

130

47%

& Santa Fe—

Jan

9%

a

Mining——

Copper

34

181

6%

50
-.100
Del——A—„_3

Jan

84%

&,

Co

Consolidated

/Jan
5 Va I Jan

Oil

11

100

91

91

40

of N

Corp

67c

Jan

Jan

11

Jan

Jan

91

Jan

Jan

55o

1,106

.

11

-100

pfd n-c

9%
91

5%

6%

1,245

5%

Jan

6%

Jan

16 %

16%

787

15%

Jan

16%

Jan

50

7%

Jan

7%

Jan

7'A Jan

7%

Jail

RR—1——— 25

Ohio

&

67c

—2%t

Sullivan

&

25

35%

65c

capital-————1.,

Inc

Oregon Power 6/4

16%

2——*

a7%,

7%

7%

,———*:.

7%

CurtissrWright Corporation ——1

.'

445'

12

603

12%

91//Jan

1

12'A

Jan

Dominguez Oil Co—

Jan

Bond

14

120

14

Jan

14

Jan

General

17%

17%

500

15%

Jan;

17%

Jan

Hawaiian

55c

Jan

Jan

Hobbs

16%

Jan

'Jan

Idaho

16 Va

500
600

6%

6%

.

*

56c
17

,56c
17

17

29

139

Jan

2%

Sugar Co

2.65

Battery Co class A——Mines Corp—
Nickel

5%

5%

925

5

Jan

.5%

1

365

17

Jan

18%

Jan

Magnavox Co Ltd—————————-1
Magnin & Co (I) common-.
*

1.70

1.80

356

Jan

1.80

Jan

Jan
Jan

2.65

100

Canada—--*

2.65

Jan

Jan
Jan

Jan

29 Va

Jan

Jan

7%

Jan

50

3'A

Jan

4:%

1,315

2,85

Jan

32%

584

29 ya

6%

a

'

107

7

6'%

Jan

3Va

4%

3%

.

Jan

18%

2%
32'%

^30%

International

.17%

of

Jan
Jan

3%

International Tel & Tel common——*

Jan

Va

2

6151

3%

3%

1

34

Jan

31%

222

2.65

——*

Mary

V

2%

-—20

——

33%

35

32%

5

Co

Jan

30

:

34

34

Co

Jail

6%

6%' Jan

150

:

30

30

56c '

•'

34

32%

Share

&

Electric

14

Inc.——,——-—*
Co Ltd
:——
*

—_L—_*

-

.

Elec

Co-——■— ———-10

Salt

16

16

'

capital———*
preferred—
—-10

Brothers

Hunt

Jan

105

69,

'

Honolulu Oil Corp

Leslie

.Jan

36 "a

860

10%

Development———2———1

Holly

3%

Jan

250

Jan

12%

Pine

Hawaiian

Jan

35 %

6%

Jan

9 %

Hale Bros Stores

3%

143

33 %

33

Co, Ltd—-——-——*

Golden State

125

134 V«

81%

———-*

& Co

McBean

3%
35%

a32%

Stnd

&

68

5%'

Jan

3%

Tel & Tel—„——100

34

V

Jan

35%

—25

American Viscose Corp

15

GenT Paint Corp. common—————*

14

—14

Radiator

Jan

1,25

74%

74%

Jan

14

Unlisted—
Amer

40

capital——-——.2Va

Corp

3%

787

395

176

Agricultural Co

84%,

25

—

305

,

14

14

-1

22

Jan

.

8

29%

Oil—,—

33%

34

Co————10

Ins

Fund

Consolidated

Jan

11c

Jan

21'A

.

Jan

•

—

California—

American

Jan

69

■

Jan

335

12

of

83 %•

<

—

Giorgio Fruit Corp

Fireman's

7c
93c

4%

4%;

Jan

6,950
i,

7%

_—

26%: Jan

245

22

12

23%

Jan

2.100

.

69

.

Jan

;

26%

380

7%

Jan

Jan

23

Jan

8

7%

—20
Western Department Stores common—*
7% preferred
——25
Western Pipe & Steel Co—
10

Jan

Jan

27 '/a

1,850

1.25

.22

28

Jan

10 Va

5

Aircraft

Waialua

Jan

30

12%

Jan

———2

Corp

Co

Universal

Jan

4 Vz

100

10c

1.20

46Va

Jan

27

20

26%

Jan

Jan

10 Va

*

Sugar common——

Vultee

Jan

3%

>

200

30

i07c

preferred—100
Emp Cap Co preferred (ww)—
50
Di

28
.

1.85

Oil

Union

Union

.3% Jan

,

11%

575

-1

,

common

Pulp

Transamerica

Jan

17% Jan

.

170

10%

Standard Oil Co of California-

Jan

46 '/a

20
300

23%.

common—l

Co

Crown Zellerbach Corp

46%.

26%

Chrysler Corp common-——
5
Cons. Chem md class A-'—.———*
Creameries of

Jan

4%,.

Jan

1.65

Jan

23%

23%

Service

Mining

Eureka

3%
1.35

28

-*
preferred—25
Gold Mining capital—1

Hill

Carson

Co

100

201

30

Packing Corp common

California

3%
1,85

4%

100
capital-—*—.—i—*

,7%

12'A

lOVa

1

Co common
Southern Pacific Co——

Jan

105

.

Jan

,,.16

Soundvlew

Jan

Jan

3%

.

-*

Tile

Art

383

4%

10%

Jan

1.35

,

100

———

"A"-——.——
California Cotton Mills common

California

Jan

1.50

46 %i

—.20
Co common——-.—-*

'■

6%
102

20

100

-

17 V*

17%

common

Calaveras Cement

Jan.

500

1.65

1.50

Jan

Inc

High

12%

*

common

common

Stores

Safe

2.00-Jan

Jan

9,%

104% 105

*

Co-—-——.——.,

3%

•

7%

7%

.

-80

A

100
490

1

ioy2

10%

10 Va

1.85

Corp

L010

1

Aeronautical Co

Ryan

High

1,525

4

4

10

Lov)

1.95

1,85

'

-*-2

Oil Co
Jackson

Byron

—

-20

Anglo Calif National Bank
Atlas Imp Diesel Engine
Bishop

1.85

.50 o

Range Since January 1

High

Low

Par

Bros

Roos

Shares

of Prices

Oil

Richfield

Range for 1912

High

Low

1

Rayonier Incorp common
Rheem Manufacturing Co—

for Week

Range

Sale Price

•

Par

Sales

Week's

Last

STOCKS—

Exchange

compiled from official sales lists

Friday

Last

Sale Price

LiDoy

McNeill & Liboy

5%

7

—

Lockheed Aircraft Corp——

Calculating Machine
—5
Menasco Manufacturing Co common—1

Oliver United

»

Aggregates

Coast

Pacific

N

Jan

1.10

Jan

North

7

514
6

;

Jan

2,467

4%

.

Jan

6

Jan

100

7%

6

7

"B".——

Filters

.

Jan

7%

Jan
Jan

7

Jan

850

2.40

2,890

25%

Radio

Jan

Republic

25
5'% %
1st preferred——.——25
5% 1st preferred——————25
Paciiic Light Corp common
*
$5
Div—
*

32%

32%

33

853

30 %

Jan

33

29%

29'A

145

28%

Jan

29 Va

27%

27

290

26%

Jan

35%

36

1,346

33%

Jan

1st preierred—

104%

—

1st preferrea

Tel

&

Philippine
R

P

E & R Co Ltd common

—

1

Preferred

Steel

Corp

to

Jail

so

Jan

Preferred—:

Jan

Brands

Jan

105

Standard
Standard

Oil

United

——

of

N

Acme

Jan

24%

24ys

345

24%

Jan

24%

Jan

27%

165

27%

Jan

27 "a

Jan

5%

512

5Va

Jan

6

Jan

14%

14%

340

14%

Jan

15

Jan

10%

11

325

10%

Jan

11

Jan

-25

21%

22%

611

21%

Jan

22%

Jan

30%

30%

368

30Va

Jan

30%

Jan

4%

5 Va

340

4V8

Jan

5 Va

Jan

46"%

47 »A

28

28

140

28

Jail

28

Jan

48'%

50

50%

Jan

24%

11

5

.—5

common

15%

Jan

Jan

92%

Jan

United States Steel common—.

339

36

Jan

36%

Jan

15

30

15

Jan

15

Jan

Westates

8%

100

7

Jan

9

Jan

9%

100

8'/s

Jan

9%

Jan

Jan

67 Va

Jan

64

60

67

Sugar

Petroleum

Preferred

a.

7%

.100

preferred.:

V.

Grain

Pacific

Algoma Steel

A.
—*
—-—1.00

*
Canadian Bronze common
—*
Canadian Car & Foundry common—*
7 in

Industrial Alcohol class A—*

B

Canadian

Locomotive

——25

Cockshutt

—*

Plow

Consolidated Mining & Smelting——5

Cork

Crown

Distillers

Seal

&

Seagrams

Dominion Bridge

Dominion Coal

& Coal B

Dominion

Steel

Stores

Dominion Tar

—

—

preferred

Dominion

Dominion

& Chemical

Textile

Famous

—*
25
-——25

15 'A

Jan

14%

113

141

Jan

161/2

4.417

16 v8

common—*

;

Players

—

:

-

Canadian

23%

25

15

4%

8

4%

.7%

7%

—*
*
*

9 y4

8%

.522

,787
448

19%

191/3

80

4%

4 Va

825

4%

125

~4%

.

12

%
-

Preferred

—

—

Hamilton

*

Bridge

5.00

Hollinger Gold Mines
Howard

Smith

Preferred

For

Paper common—.:

*

100

...

footnotes

100

—*

see

page




336.

Jan

7%

Jan

Jan

9%

27Va

12'A

12%

1,473

12

12'A

487

14

14

12

12

35

17%

/

100

28 Va

12

.Jan

12%

12

Jan

12'A

110

13

Jan

14

10

12

Jan

3.2

Jan

36%

7,745

33

Jan

36%

Jail

17%

1,277

17

Jan

17%

Jan

/

Jan
Jan
.Jan

6'/a

Jan

5

6

Jan

30

100

Jan

TOO

Jan

21

330

19

Jan

21

Jan

119

Jan

119.

Jan

•

6% //

25
—_*

9

9

32%

Jan

9%

39%

41

24%

24%

27

28

:

7%

Jan.,

7

Jan

Jan

10

8

Jan

9

Jan

50

7

Jan

7

Jan

35

//../

9%

100

•

Jan

9

Jan

Penmans

Jan

19%

Jan

Power

Jail

9%

Jan

12

Jan

8%

9%

Jan

41

Jan

24%

Jan

27

Jan

28

Jan

27

Jan

St.

Shawiniean

Jan

12%

Jan

Jan

9%

Jan

9 VB

9%

2,251

8%

6%

6s/a

170

5%

Jan

6%

Jan

7

Jan

7%

Jan

76%
151

Jan

78

Jan

Jan

151

Jan

6'A

537

5%

Jan

6 %

Jan

1.20

1.20

100

75c

Jan

1.25

22

100

22

Jan

22

Jan

125

14%

Jan

15%

Jan

225

7%

Jan

8%

Jan

80

8%
95%

'

8'A

95%

25
455
60

5

5%

80

5 %

5'A

100

27

Jan

Jan

37

38

Jan

43

17

20

16

Jan

17

912

40

Jan

44

150

17

43

43

44 y4

22%

22%

22%

/-.

22%

Jan

23
154

Jan

Jan
t

»A

Jan
Jan

80

8%
94

Jan
Jan
Jan

V—'

■

154
4

7

Jan
Jan

5

4'A

154

Jan

175

154

4

Jan

4%

Jan

Jan

7

Jan

45

7

7
80

Jan

83%

Jan

Jan

48

Jan

of Canada:
*
Co Ltd common——*

7

7'A

580

6

Jan

7%

10'A

10

10%

560

9%

Jan

10'/a

Jan

15 V4

15%

15%

545

14

Jan

15%

Jan

6'A

225

6

Jan

6 %

35

20

Jan

20

155

105

Jan

108

.———* '

—

—/■

6%

common——-*

Mills

20

——.———.25

:

Lawrence

St

Class

A

Corp

—.100

Sher.

Southern
Steel

Paper

2
13

preferred

50
..100

Power..

—*

of

—

Canada

20

105

•

105

Canada

Preferred

80

•

8%
95%

Jan

Wabasso

Power

——

35%

18

18 V2

15

135

/

1,535
150

89%

25

*
*
—_23

11%

11%

180

*

Cotton

B

Preferred

635

89 %

—

1.75

12%

Jan

Jan

Jan

Jan

35%

Jan

17%

Jan

18 V'2

Jan

34

Jan

15

Jan

89%

Jan

89%

Jan

11

Jan

11'/a

Jan

62

Jan

68

Jan

62

62

55

59%

68

20

66%

Jan

4%

Jan

50

48

2%

*
*

2%
22

100

4%
50

,

250
160

Jan

Jan

34

Jan

4%

Jan

2%
13%

Jan
Jan

68

62

.*

Corp

Winnipeg Electric class A—
Class

1,606

100

Canada common-—

Steel

United

2 Va

13%

14

18

2

13

35

common.,.*

preferred
of

Co

&

Water

Williams

Simpsons

105

*

common—,..

preferred

Lawrence

48

4%
51

Jan

Jan
Jan

31A

650

2%

Jan

3%

Jan

2%

69

2%

Jan

3

Jan

24

Jan

23

190

21

Jail

.'

Jan
Jan

Banks—

Canadienne/Banque Nationale)
Bank of Commerce

5

Jan

5%

Jan

4%

Jan

5%

Jan

Canadian

9.50

1,385

Jan

9.50

Jan

Bank

13'/a

440

12

Jan

13%

Jan

Nova

98%

98V2

110

98 '/a

Jan

98%

Jan

Royal

8.90

/

47

Saguenay Power preferred

13

9.25

Jan

36%

10

100

Jan

22

80

11

100

common—
——

Knitting

Jan

11%

151

26

1,088

35

Preferred

37%

26%

6

&

22

285

151

268

43

Jim

260

5

Corp
Bros

Regent

Jan

12 Va

56

Jan

48

Price

26%

78

27

83%

Quebec Power

11%

78

Jan

47

Jan

26%

1,030

43/

.

25%

1,513

37

39%

Jan
Jan

200'

27

37

.

Jan

6'A
7

83%

Jan

11%

7%

37

27

26%

—

Jan

6'A ;Jan

common————*

...

Ltd

5

23%

.

Preferred

5

Jan

7

—*

Corp..——

Ottawa L H & Power

Jan

30

Jan

■

6%
26 Va

3

Jan

5%

1,210

6'A
6%

'

28%

8%

930

:

——25

,

Jan

11%

25

*

common

-

3

1,457

3

6Va

6%
Oil A——j-J-—6%
& Power Cons—*
26%

Ogilvie Flour Mills common——_.*
Preferred
100
Ottawa Car Aircraft.—.——-*

Jan

3% Jan
3% Jan

813

3

~/ :/,

Noranda Mines Ltd—*——.—*

18

325

•

common—-—_*

Corp

Breweries

Preferred

27'/a

25

8%

■■

Light Heat

28
,

Steel

Massey-Harris

7

Jan

100

2

:

High

Jan

Jan

8,807

12

8%
9%

8%

Gypsum. Lime & Alabastme

7

Jan

28%

8%

1,160

100

Weaving-—.—-———*

Jan

8%

*

28%

50

Car

33

30-

100

Low

High

10

Steel

22

14%

common—

of Prices

119

Wire

Jan

8%

Wares

Range Since January, I.

Shares

10

Niagara

Jan

14%

Steel

Jan

119

National

31%

*

preferred

1%

—3

:

Jan

95

,

33

—*

5%

Jan

6%

5%

Jan

22

8%

MacKinnon

National

25

of Canada

General

1%

20%

Jan

100

Gatineau Power common.

Co

300

17%

Jan

33

28%
30 "

Corp.——*

Jan

1%

36

100

preferred
:
Lindsay <C Wi common——

Jan

22

■<;.

445

8%

6%

1.40

27%

—

Co Ltd-—-—*

Legare

Mont

31%

30

78

Jan

,

.

/%—iui/Z—/i/lOO

McColl-Frontenac

Jan

33

Va

1.25

12

Canada com—*

—1

Secord

Jan

9c

5,000

Sales

common———*

Preferred.
Laura

Jan

14c

1,400

for Week

corfunon

Power

Woods

Jan

32

28%

'I

Jan

7%

1.40

14c

12%

—*

—_——

the

of

Jan

22

9'A

Jan

Low

15%

Jan

Jan

Jan

9

/

742

15%

Foundation

4%

50

9

33

9%

Preferred
Lake

8

Jan

91
•

41

7%

28 »A

common

Petroleum

3

23%

Jan

5%

100

16%

Jan

15

916

.,149% Jan

Jan

?

365

92.

92

23%

385

15Va

4%.

92

14%

215

2%.

6%
15

—.—A-—100
—

Dairies

i:
-

2%

8

200

2.25 .Jan

Jan

15

14%

23%

*

—

common

Paper

Eastern

—

Ltd.—

Preferred

Dryden

Jan

147 '/a 147%

28

common.—

Jan

Jan

16%

—*

Co..

25%

Jan

Jan

15

—--—*

—

Jan

42

14

_■————

Pacific Railway

Canadian

115%

/'/

365

———-—100

Converters

Canadian
Canadian
Class

—•

Celanese common—

Jan

21%

1,120

4%

preferred———25

participating

Canadian

42

10

International

Jan

"120

class "B"-

Wire & Cable

25%

15

31%

—50

preferred——

Jan

14%

9'A

Canada Steamship common—
5 %

105%

24%

24%

—

——-—

Canada

749

42

Jan

9%

''

*
Associated Breweries common———*
Bathurst Power & Paper a.—.
—*
Bell Telephone Co Of Canada—:
.100
Erazilian T L & P
V
British Columbia Power Corp cl A
*
Class
B
*
Bruck Silk Mills———————- j.*
Building Products class A—-——.—*
Canada Cement common————*
Preferred
,—100
Canada North. Power Corp
—*
——

Jan

International

Jan

70

Jan

9

42

Corp——————

Asbestos

49

Bronze

International Nickel of

Jan

■

3%

Jan

10

325

115%

113

pfd—..——50

Canadian Tel Co

vt/ 2"/

4

Jan

9

9

115%

Aluminium 'Ltd

Anglo

310

4

70

64 Va

High

Low
5

3%

3 %

3%
70

7%

Range

Imperial Oil Ltd—.———.
Imperial Tobacco of Can commonIndustrial Acceptance Corp——*

High

9

*

common

Jan

Week's

Bay Mining—.————.

Hudson

International

class

Jan

2.25

Friday

Par

for Week

4

48'A

100

1%

—,.1

Sale Price

STOCKS—

Sales

Range

305

2.25

1.30

1.35

1

,

7%

^

10c
—

131

•

2.25

a
•

—_

—

:

'

Last

from official sales lists

Week's

a

'

■

—5

—

^

28

common- —5

common

—

,

Pacific

Western

Co

'

»

Warner Bros Pictures.—

Sale Price

Preferred

Jan

3'A

Aircraft Corp

36

common-——-*

Works Ltd

Glove

Alberta

3%

Jan

-25

Jan

4

Jan

2%

J

14'/a

Low

Jan

3

95

—

Funds

Par

10%

'

3%

9%

STOCKS—

Jan

310

0

Inc

90

Last

10'A

3%

.15

Calif Edison Ltd common——:

6%

170

Friday

50

-25

27%

200,

22 both inclusive, compiled

Jan.

Jan

10%

a5%

Socony-Vacuum Oil capital—;

Montreal Stock Exchange
16

11%

3%

-

Jan.

Jan

.nJan

8%

Canadian

10%

common—

Utah-Idaho

66

2,300

3 Va

Corp nf America

15

66

Jan

11%

27 Va

36

—*
100

1.90

3%

—l—— -50

92 y2

92

Jan

33% Jan

*

capital-—

Jan

Jan

1.60

4,100

.20

;
common——— _

36

Jan

3

300

11%

11%

common— -10

15Va

.15%
92 V2

Dist Tel Co__—P100
& T common
*

Long

Puget Sound

102%

59

1.101

*

;—

Tel

Va,

3%

3'/a

common-—.——100
Paraffine Co's common--,—
..*
Pac

'

104% 104%

——*

Pub Serv common

Pacific

Inc

Jan.

480

1.90

al0%

«

Co
Co

Jan

13c

34%

1.85

-5c

—

cap

Co

Pennsylvania. RR

Jan

25%

.

R

Motor

2.60

Jan

common—25

6 Vo

Sugar

Packard

25%

Jan

23%

2.60

2.50

2.55

5

—

Electric Co

Olaa

R

American

Pullman

:

25

Pacific Gas &

Y

13c

34Va

Jan

lie

12c

34%

———

City Copper

Central

14%

200

7%

.——_*

Company

Natomas

Mountain

275

30%

a29%

common

Montgomery Ward & Co

Jan

1.10

800

6

5%

common—_—1

Fibres

Auto

1.10

.

Jan

6

Jan

14

405

14%

1.10

5%

100

6

6

14%

14%

1.60

Corp

Copper

& M & M Cons—'

M J

March

National

Kennecott

of

Montreal——

130

100
100
100

Scotia

(Bank of).

of Canada

100

130

3

128

Jan

130

Jan

131

132

14

1.29

Jan

132

Jan
Jan

isn

137

360

10

147

Jan

150

227

100

Bank

132

227.

4

223

Jan

227

Jan

Jan

137

Jan

137

137

32

132

ITHE COMMERCIAL & FINANCIAL CHRONICLE

334

CANADIAN MARKETS

-

Listed and

-

Monday, January 25, 1943

Unlisted
Week's

Last

Sales

Range

Friday
STOCKS-

for Week

Par
Canadian

Funds

Caldwell

Mills

Linen

Low

pfcL—*

2nd

Shares

of Prices

Sale Price

10

Range Since January 1
Low

High
10

10

High
Jan

9%

Jan

10

1.15

Jan

1.38

21c

Jan

30c

Jan

3

Jan

.3'A

Jan

4%

Jan

5%

Jan

'

Jan.

10

Jan.

to

both

22

inclusive,

compiled from

official

Week's
Range

for Week

Sale Price

of Prices

Par

Power

6%

&

Paper

American

British

Columbia

Canadian

7%

80

65

18%

19%

395

*

—

18

18

Co—18%

common

Marconi

Food

Oub

Aircraft Corp

Dominion

Preferred

Fairchlid

Fleet

Aircraft

Ford

Motor

Fraser

18%

600

18

Jan

18%

Jan

87

25

86

Jan

90

Jan

Class

107% 107%

'

3

107%

Jan

Jan

Canadian

1.45

Jan

1.60

1.65

1,825

107%
i .65

Canada

B

-

Jan

Canadian

Bank

148

Jan

150

Jan

Canadian

Breweries

164

164

60

164

Jan

164

Jan

.

27%

29%

Jan

1,15

2,400

85c

Jan

4%

425

3%

Jan

33

230

25%

Jan

Ltd——8%

8'%

50

8%

Jan

27a

2"%

1,415

2%

Jan

6%

6%

65

6%

3%.

3%

6,780

80c.

85c

common—

—5.00

Ltd-,

,

—*

3%

Ltd

,

*

1.15

Jan

Canadian

4%

Jan

Class

A

Jan

Class

B-

8%

Jan

Canadian

2%
6%

Jan

Jan

3

Jan

3%

Jan

600

65c

Jan.

85c

24%

25 %

—

26

270

3%

__

Preferred

4

600

33

Preferred

Canadian

Jan

Can

Jan

3

Jan

26
4

Jan

Canadian
Canadian

Co

9%

25

9 %

Jan

4%

575

4

Jan

iM)

Jan

Canadian

Pacific

15'%

225

14

Jan

16%

Jan

Canadian

3

3

3 74

475

2%

Jan

3%

Jan

Cariboo

4%

4%

440

3%

Jan

4%

Jan

Central

20%.

21

713

19%

Jan

Jan

Central

,-5.00

—————*
Ltd

Canada

—

,

A——___*

International Utilities Corp

Jan

Cockshutt

16

Jan

Commoil

15%

Jan

Coniaurum

5%

30

5%

Jan

6

Jan

Consolidated

Bakeries,—

16%

,16%

145

16%

Jan

17

Jan

Consolidated

70c

70c

40

70c

Jan

20

20
47a
6%

61

Power

Can

Walkerville

6'r

pfd—100
*

cum

Limited

Brewery

Walker-Gooderham &

Ltd

Worts

cumulative preferred

$1

•

Ltd

Mines

Cadillac

Cosmos
Cub

6%

Jan

6%

Jan

103%

Jan
Jan

102

102

41

1.25
48%

205

1.25

Jan

1.25

5

47%

Jan

19%

200

19%

Jan

Gold

Eldorado

Lamaque Gold

19%

Nickle

Denison

Jan

Dome

Normetal

Gold

Gold

Pioneer

Sherritt-Gordon
Gold

Siscoe

Oil

Oil

Home

100

2.26

Jan

2.65

Jan

Eastern

1.67

1.67

200

1.67

Jan

1.67

Co
&

80c

80c

100

1.80

1.80

Mines

,—

1.67

Ltd—1

Mines

1

—

.—_1

Ltd

>-

Homestead

Ltd

Jan

1.82

Anglo

Jan

British
F.roulan

Ankerite

Buffalo

Jan

For

footnotes

12%

135

11%

Jan

12%

22

32

20 3:,

Jan

23%

Jan

9

9%

9%

Jan

Jan

8%

1,052

5%

Jan

7

Jan

350

6%

Jan

7'A

Jan

90%

90G»

50

90%

Jan

90%

Jan

.com—"

3%C

4c

1,000

2%c

Jan

4c

Jan

-—-^-20

9%

9%

100

8%

Jan

9%

Jan

Eoonomic

Investment

-

.

58c

Jan

82c

Jan

3c

Jan

3c

Jan

Jan

2.30

Jan

58c

200

3c

-

3,000

2.25-

1,800

2,20

Class

B

Nickel

Farmer

1,200

36c

Jan

38c

Jan

68c

Jan

72c

Jan

36c

36c

36c

—

71c

72c

—

210

2.60

Jan,

;

Gold
50c

Jan

50c

50c

1,000

35c

35c

35c

1,700

30c

Jan

35c

87c

98c

600

97c

Jan

98c

—

2.75

2.90

»'
-

—1.00

3%c

—

3%c

:

3.950

2 66

2.90

Jan

Jan

Belt

Gold

both

inclusive,

Sale Price

Jan

#

Jan

II "l
a

common-

-1

-100

,

Low

High
40

G'Ac

6%c

6'Ac

1,000

16c

14c

lGe

2,000

3c

3%c

59%

75

1,985

15,300

3%c
74

9

116

9

_1

—*

1.45

High

Radium

1.53

Oil

2c

common

page




336.

53

Jan

van

3%

Jan

700

5 %

Jan

5 'A

Jan

Mines..—-*.'.-;;—--"-!

1%C

1%C

1%C

250

l%c

Jan

3 %c

Jtin

6 Vic

6C

G %C

74,200

5%c

Jan

6%c *Jan

5

5

5%

450

4%

Jan

3

Jan

Bridge

Carpet

Rock

*

— ,—..—

—1—

"

3 "4

3%

3'A

50c

54c

6,575

—1

3c

3c

3C

1,000

"

14 V4C

12 %c 15'Ac

II,500

5

9.50

9.10

9.60

2.350

2.72

2.90

18.675

3%c

3%C

9,500

Mines—
r—

2.88

■

Oil & Gas.,

_1

Gold Mines—:

Jan

116

Jan

"

;

I-J.-*

B

•

5%
3 'A

Jan

Jan

58c
,

Jan

3'Ac

%c Jan

2'A 6 Jan

Jan

Jan

Jan

12'Ac

Jan

9.60

Jan

2.65. Jan

2.90

Jan

3%c

Jan

10c

8.50

3C

Jan

Jan

100

Jan

23%

20c

10,000

17 Vac

Jan

20c

Jan

28%

2,755

27r'ii

J"n

28%

Jan

Jan

8'A

Jan

8'A

Jan

18c

27%

28

•

49

Jan

23%,. 23%
19'Ac

——A_1

Bay Min,ing & Smelting
Ltd class A_l„;—.

Class-

15

125

53c

Hollinger Consolidated Gold Mines
Home Oil———,——,,4.^—
Homestead

;

—1

—,

Mines—_—

Gold

Gold

•

8

5

8

;

25

8

8

22

Jan
157

158

Jan

Jan

Jan

—_100

158

157

153

14

———*

12'A

12%

12%

4,685

U%

Jan

12'A

Jan

Imperial Tobacco of Canada ordinary 5

12

12

12%

470

11%

Jan

12%

Jan

7%

7%

1,500

7%

Jan

35c

35c

1,000

10%

10%

90

Preferred

.

£1

_———:

7%

Jan

.

*

3,328

47c

Jan

3

Jan

3%

Jan

Jan

3c

Jan

2%e

55c

Jan

1.35

Jan

1.57

Jan

150

14

150

Jan

151

Jan

5

240

Jan

240

12c

5,100

14%

205

13c

27c

Jan

35q

Jan

20

10%

Jan

11

Jan

90

10

90

Jan

90

Jan

90

15

90

Jan

90

Jan

112% 112%

10

112

Va Jan

Inspiration Min & Dev—1
International Mgtal common A.— *
Preferred

100

—j.

—

;

10c

Jan

13c

Jan

71c

Jan

75c

15

Jan

16%

75C

3,800

16%

80

110% nq%
146%

30

148

135

11c 12 %c

30,539

29:%

31

80

9c

9%c

3,200

He

12c

16,849

8.00

Waite

34%

36'A

4,694

33

Jan

155

36

155

100

153

112%

Jan

Jan

36'A Jan
155

Jan

18

17%

18

2,627

17;.'

Jan

18

Jan

7c

6'Ac

8c

3,000

6c

Jan

9 %c

Jan

15c

16c

1,700

13c

Jan

16%c

Jan

10

Petroleum

Mining—;:

Mines

^

1

.

10

10

510

10

Jan

5.05

4 95

5.10

10,575

21c

22c

1.000

...590

62c

22,117

58c

; Jan

56c

69c

22,300

48c

Jan

1

———.—

Jan

16

12c

Jack

__100
——L_*

.—

International

Jason

90

—_

Preferred

Jan

56,675

A

International, Nickel, common-—•

Jan

14%

72c

147%

preferred..-,
100
International Milling preferred-- —100
Class

12c

% c Jan
Jan

16%
110%

8

13%

74 %c

110

Kelvinator Corp

'

Jan

Kerr-Addison

lWnes—:

Jan

Kirk

Hudson

Gold

-q_— —1

Bay .Mines——

—

Jan

110%

Jan

Kirklahd

146 %

Jan

150

Jan

Lake. Dufaujt,

lie

Jan

14 %c

Jan

Lake

29%

Jan

Jan

8c

Jan

10'Ac

Jan

Lqmaoue Gold Mines —
;——
Lapa Cadillac Gold Mines^.——

9%c

Jan

12c

Jan

Laura

460

7 40

31

Jan

8.00

Lake. Gold Mining—

Mines

1

-T-l

60c

.„1

65c

—1

"Ltd—,—-1—

11%

Shore

Mines,

Ltd——

-

Jan

4

Leitch

Gold Mines;

Ltd,—

25

321

23%

Apr

25

Jan

Little Long Lac Gold Mines Ltd—

16%

5,433

14%

Jan

16%

Jan

19 Vu

2.180

Lob.i«w^ Groceterias

17%

Jan

19%

Jan

22%

Jan

Macassa

54c

Jan

MacLeod-Cockshutt Gold Mines:

7%c

Jan

Madsen

22%

41,900

19%

54c

34,250

46c

Jan

7%c

14.800

3%c

Jan

Jan
1

Jan

62c

Jan

69c

Jan

12

Jan

Class

B_———

10%

Jan

1,879

3 65

Jan

3.90

6 'Ac

8,500

Jan

6'Ac

Jan

10%

270

9%'Jan

10%

Jan

77 %c

Jan

74'Ac 77 %C

77c

57,850

19%

.

5c

60'Ac

Jan

90c

1.66

1.72

1,600

1.60

Jan

1.75

Jan

Malartic

3VtC

3 %c

500

3%c

Jan

4%c

Jan

Manitoba

15

15%

505

14%

Jan

15%

Jan

Maple

9%

9%

100

9%

Jan

9%

Jan

Lake

Gold

—1

Gold

2.85

—1

16,300

Jan

1.00

480

20%

Jan

21 Vu

Jan

19

19%

185

18%

Jan

19 Va

Jan

2.92

1.62

1.70

.7,475

77% C

76'Ac

80c

27.420

1

1.80

1.76

1,82

20,350

Fields——*—

.

Leaf

Preferred

Eastern-;—2
—

Jan
Jan
Jan

2.92

Jan

1.70

Jah

80c
1.83

Jan
Jan

1.68

Jan

:io

3,500

%c

Jan

lc

4^8

1,150

4'A

Jan

4%

J an

10%

10%

270

10'A

Jan

10;,A

Jan

%c

Milling common;——
;

1.55
70c

4»2

'

&

2.30

9.500

,2.55

1.62

Mines—— —1

Ltd,;

Jan

93c

21%

■

-

Mines
Red

Jan

21

90c
•'

31

—

2,425

10

.

,12
3.90

6c

90c

class A—

Jan

22c

3.80

3.90

"III
—1

16

50c

Jan

5.10

Jan

20c —an

11'A

.

Seeord. Candy Shops---—- —3

18:,»

6%C

■,

4.75

10

-

16%

15

Jan

Jan

3%

5'4

1C6

12c

1.66

71

51 'A

77

5 Va

Alabasline—

&

Oil—

13c

—

Jan

100
315

'71

5!«

Lime

Imperial

9 Vt

240

20 V4

62

53

3%

71-

52%.

13c

Jan

54 c

Mines

Ltd

Jan

16

Jan

0%c
Gold

3%c

Jan

9

150

221 '■>

.

3%c Jan

Hunts

240

25

I,638

Jan

Jan

A -25
com

Jan

a%c

Jan

1R:%

Light & Pwr

Jan

3 %c

16%c

5%c

—1

Oil

13c

Jan

Jan

13 %c

Jan

7.80

Jan

18c

Hudson

4'Ac

Ltd

10%c

2'Ac

Jan

1,000

11 %C

GOO

Jan

6'Ac

5%c

—I

Jan

Jan

Jan

5%c

1

Jan

12 %c

2c

6c

1

—

15c

22,650

15c

Jan

16c

Howey

Jan

29%

Jan

1,500

Honey Dew Ltd—:!

15c

-50

Jan

3%c

3,500

Jan

Jan

100

1

80%

Jan

^

1*00
1

8%

Jan

3c

ll:V.c

175

—1

-

V

Jan

77

2,500

-

18c

-common—*.

Imperial Bank of Canada

—1

Gold

13 %c

,

8

55

3'Ac

141 iiC

30

8'A
80%

3c

Jan

2'Ac

Jan

87«e

•

Jan

17c

6%

3,525

A-v

27c

7,800

.

2%c

1.00

9%c

-

vs

Jan

14c

14%

Jan

8%

Jan

13%C

-

Jan

20c

79 %

5

2,490

-J

—

15%

27c

Jan

250

Jan

2,500

Jan

9,300

Jan

3c

143<

16

Jan

3c

14%

25

13c

15c

3c

26%

3%

3%c

3.50

Jan

3c.

———1

75

3.25

20%

15%

Mines„—

Jan

1,337

125

12'Ac

Gold

Jan

10,250

20%

25c

.-,50

Jan

116

21

common—

—

9c

3.25

-

;

48 %

54c

Jan

25C

70c

685

111%

Jan

19%

1

.

Highwood-Sarcee Oils
■.

225

3 %

1,628

13c

t

Hard

Range Since January 1

6%

435

21

1'

Paper-..v tc
preferred—--—

Hamilton

Shares

1.00

& Rubber

„

Halcrow Swayze

for Week

70C

Jan

4^8

12 %c 12 %C

Tire

Lakes

Harker

6%

Jan

4%

4

20^,

4

3%

V

Sales

10'Ac 12 %c

Jli

3 %c

3.10

•

3%e Jan

"I

-lop

*

.,

.Preferred
Great

compiled from official sales lists

Low

Jan

Jan

Mining,—50c

Goodyear

Jan
Jan

Exchange
Range

Jan

22%

2 %c

"

Funds-

of Prices

3.55

21% Jan

500

Halliwell Gold Mines,——1

3c

2,000

Week's

Jan

145

3c

———*

Mines—,,—
Gate : Mining,—,1

Golden

Jan

Jan

14a

*

Eagle

4%

3.55

Goidale Mines

2.86

Jan

Jan

20%

Ltd—:—:

Mines

4

Jan

1.20
26

22%

20 '

;-r—A--100
Lake-Porcupine,-",——'
1

Jan

Jan

Jan

22

*

common,

22

Jan
Jan

3/45

—

Mines

Power

2.86

2 'Ac

—

——*—*

1,235

20
82c

24%

3.50

4V«

—

Gold

God's Lake

10.000

50c

5

preferred

-Gillies

'■

;

Co

Jan

3%c

;

j

—*

A

—

3%c

300

2.86

2.86
-7

5%-

class

—

Jan

1.14

■

B

Gatineau
•

4 %

—1

——

1.14

1.14

-

Class

25

22%

V

—1.

1

—

of Canada

Jan

1.10

3c

1.00
"

,

91c

13,210

26

Jan

Jan

4

3c

Mines,'--——i_*

Candy-Shops—

Kirkland—

Federal

120

1.06

26

4.%

.Ti

J—,

Falconbridge
•Fanny

22

1.00

20

:

Jan

Mines--—-—

20

1.01

ll%c

15,300

—

.1

v

Trust'———..25

Jan

%c

Francoeur

22

-—;—

9

Jan

Jan.

——

31,600

44c

to

90%

lCc

Jan

Ltd

Co-u-—L

Machine

Gold

38c

Ltd—

100

Eldora-do

51c

see

Jau

11.%

1,415

English. Electric olass A.—;

1,300

Ltd——

Burlington Steel Co

20%

7

Jan

3,200

Canadian
Products

Jan

7«A

Jan

43c

Porcupine Mines, Ltd

Buffalo

19

7 'A

67c

41c

Brown Oil

Rui'riing

992

6%

89c

41c

Mines—

Dominion

19%

;

Jan

—1

Ltd

American

Jan

19

Jan

Foundation

Frantford Cordage 1st preferred

British

Jan

27%

3%

Jan

preferred

nrazilian Traction

4%c

Jan

250

83 %c

Mines

Mines.

Jan

26

■4

Jan

Telephone of Canada

Rralorne

3%c

205

4

Easy Washing

66 %c

1

100

Gold

14,500

Jan

80c83%c.

—

100

Bonetai

4'Ac

27%

Jan

Jan

Montreal

Mines

Jan

4c

27

'

,

1.30

1.38

Toronto

Bohfo

12%c

Jan

Jan

of

Ribbon

Jan

1.15

1.33

of

Blue

10c

Jan.

19,350

300

Mines--

Kirkland

Jan

7,342

;

1.27

1.33

-

preferred

80c

1.20

1.33

—

Metals Mining Corp Ltd—
Bathurst Pow & Paper class A

2nd

123

1.21

-1

Base

Bidgood

70
47

Malartic Mines-——— 1

C

Bank

Bell

Jan

Jan

J2%c

12c

7

Jan

-1

class

23

65c

.

6(Ac

Aircraft

Bank

Beattie Gold

128

Jan

30a

•

23

Jan

Co

Mines

Benttv Bros

128

4V4C

Fleet

.100

&

Jan

22%

80c

II,600

Ford

Corp

Exploration

124

6c

Jan

Mines

Bear

Jan

5c

Jan

—.

Consol

41

5'yc

1.04

Ltd

Bankfield

Jan

"

1.84

common-.

Bagamac

37'A

Jan

litd

Worsteds

Oil-

Crest

Jan

Ltd

Grain

Mines

630

7c

Jan

-

Gold

Aunor

41

Jan

1.74

Oil-——

Quebec

Jan

4c

500

Ltd

Astoria

10'A

17.800

1,500

Company, Ltd

Huroniau

Jan

6c

1.04

•

Ajax Oil & Gas..——

Canadian

9%

5 t'aC

1.84

••

Aluminium

Jan

183

f)'iiC

1.04

Abitibi Power & Paper common—
0% preferred
—

Anglo

Jan

1

1.74

Par

Steel

Jan

9%
18c

10%

.9

65c

Ltd———1

10

&

Mining

'—

Last

Algoma

1.00

c

—*

—„•

—

——*

Copper

•>

—25

—

Preferred

_1.

Ltd

Gas

1.70

80c

Jan

Jan

-——1.00

STOCKS—

Pacific

B

78o

2.25

2.25

Ltd—„ 1.00*

Ltd———.*1.00

Preferred

Jan

com

600

3c

Friday

Aldennac

Jan

& Chem common——.."

Woollens

Harding

Alberta

class

Steel

5,400

—

.

Canadian

&

Jan

80c

11

89c

Toronto Slock

Gas

&

—

Ltd

B

Co

100

70c

26c

Dom

Gypsum

Acme

9'A
17'Ac

81

39%

27 Lt

-----25

Preferred

Gunnar

,

415

1.000

19'%

67c

58c

*

——

Ltd--—I

Mines

Mines

Jan.

Jan

22

41
.

.

9%c

9V2c

Ltd-

&

Jan

80c

89c

1

Ltd

Oil

89c

22'A

67c

89c

————*

Ltd——

Gas

Jan

Jan

of

Mines

Co

Jan

2.65

-'

Dalhousie Oil

,21c

2.65

Wright Hargreaves Mines Ltd—

Foothills

Jan

East

Ltd

Oil

1.18

Jan

Mines

Anglo-Canadian

Jan

4.00

Mines

Oils—

85c

Jan

—

—1.00

Consolidated

Cadillac

Jan

3.50

Upper Canada Mines Ltd
Wood

.1.25

60

Mines

Sladen-Malartic

Sullivan

Jan

4.00

Mines

Mines

1.20

4.00

Ltd.;

Minec

75c

95c

126%

——_1

preferred—

Stores
Tar

Duquesne

—-

Mines

Jan

23,500

'

Jan

Dredging

Gold

Dominion

5.05

Cadallie Gold

Crow

Dominion

Jan

Jan

Porcupine

Perron

Jan

6c

4.90

Pamour

Pickle

4c

Jan

300

—

Nickel———————

Gold

Jan

6c

5.05

Ontario

Cons

2%c

5.00

C-o'd

Pato

Steel

1,000

O'Erien

Pandora

70c

9%

——*

—*

Dominion

Jan

26c

Corp

Mines

15c

Jan

Ltd—26c

Gold

Mining

17 %c

Jan

80c

12:l.iC

Mines

Foundries

2,600

Gold

Malartic Goldfields

79%

Jan

9'A

0

——

—

Coal

1.03

Ltd;

Lake

Madsen Red

Jan

65c

17 %C 17 %c
80c

41

Mines—

1.00

1.00

Mines Ltd—,—_1.00

Cockshutt

Macleod

79%
10 %c

10%

Distillers Corp—Seagrams common——"

200

—

.

.

Mines Ltd—————*

Mines

Macassa

.lie

500

25

1,500
7,918

89c

9%

,

——,

—

Petroleum

1.24

:

Ltd——1.00

Mines

Addison Gold

Kerr

4c
6c

,

84c

85c

—100

Imperial Mills—

1.24

Limited-——-1

Mines

Gold

Francoeur

4c

..—

5,300
1,500

6c

.—

•

14c

Jan

65c 66 (Ac

——

Aircraft

Davies

48 % Jan

11c

;

Jan

7%c

Jan

19%

ll%c

1.00

—

Mines,Ltd——vl

Gold

East Malartic Mines

i

Jan

Consumers Gas (Toronto),

Dominion

Beaufor Gold

Central

1

79 %

1.00

.

15c 17%c

—5

Jan

Dominion

.—__V

Jan

79%

%c

65c

,.

-*

Jan

Mines—
Aldennac Copper Corp Ltd

52c

Jan

L—* 7

Jan

1.25

——-

Jan

Jan

4

47a

20

Jan

48'%

1.25

H_—*

12

Jan

Co.

Mines

Jan

102

—

Jan

3%

9c

Limited

3%

20

-50

•

..

Jan

Jan

10

1.10

Smelting—

0%

130

6,700

Jan

Co—————81

5

12

Jan

5

2,235

t

Mines———1

11

Southern

4%

Jan

16'A

9c

10

Gold

Jail

Transport

Jan

1

Jan

Provincial

15

1.07

Cochenour

375

140
510

1.03

Jan

4%.

16'A

137

7%C

5

70c

Jan

9c.

Jan

,

134

J.03

3%

,

Jan

Jan

'

25

J .08

—1

375

—

28%

30'A

Jan

4%

: —
4%

Jan

Jan

Jan

4%

.

28

27%

1.10

Corp

14 %

.

137

,

11%

Chesterville Larder Lake Gold Mines—1

15%

preferred
——..
-——' —51
Noorduyn Aviation Ltd——w————*

Jan

100

175

30'A

4%

Chartered Trust & Executor Co. —100

__

28%

i

19'A

Chemicail

310

$3

28%

9%

Jan

Jan

*
Mtl Refrig & Storage vot Trusts-,——*

Jan

95c

Jan

,

7%

1,800

Jan

630

Ltd

660

a

1.10

%

16

Robert Co

9

81

1,00

2%

15%

Mitchell,

Jan

136

—1

14

—

Jan

11

8%

14

Plow

19%

Jan

Jan

Jan

.

Jan

10'A

Jan

Jan

90

19

315

Jan

Jan

11

Jan

50

10 Va

8

2%

10

7%

Jan

19%

10'A

19

12%

—

Jan

43c

12%

15%

Co

5%

29%

30

72

Paper-———*

Paper

Ltd

Jan

5,221

75

15%
5%

&

Jan

1.70

Jan

6%

Jan

131
.

2,300

1,705

15%

&

Pwr

Power

402

28

Jan

19

14

15%

John

IVi

7

.

1.35

49c

2'%

:—— a

St

MacLaren

Massey-Harris Co

Jan

165

.

——-1

pfd
100
Melchers Distilleries Limited pfd—— 10

Lake

129

8%

14%

Willans

69

19

14

—

Jan

48c

2%

class A—*

66

8%

Mine?——

Porcupine Mines
Research

45

29 Va

29.',

48

13%

"

Jan

—25
cl

Boxes

_a

"A'%—*

Jan

2'Ac

19

.

Jan

24

705

.16

2%

•
Ltd

(Can)

Gold

62

A—*

Ry_;

Quartz Mining Co-.

Pat

Jan

Jan

19%

*

13%

—_—1—*

Ltd

Trust

21

7 %

10'A

■

Malartic Gold

Gold

Jan

Jan

29

--a

Wirebound

32%

Jan

131

291 Is

A

com

Jan

Jan

21

1.70

-

Ltd

9%

8%

2'Ac

130

—100

Locomotive

4

Jan

69

—"

-

Alcohol

15 %

9%

105

67

Jan

128%

59.

44

2%c

'28 %

4

9%

21%

81'A

Jan

31V

19

——*—25

—

—

62

Jan

Jan

124

977

69

0

common—

—*

——20

32

8%

preferred__100

Ltd

1%

31%

Jan

Jan

79%

120
42

Foundry common—*

Dredge

81%

38

36'A

805

20

t.—

Indus

70

63

.-<■

—

Preferred

Jan

Jan

38

1.80

—■;

-

_H—u.

105%

126

—

common-:—,—

Celanese

Jan

9%

100

common..;

—-

&

105

u

32

—

Car

218

124

100

Commerce

——

Jan

105 %

2%C

-

Can

Canadian

Jan

of

94%

8 7

J*.

A-

—

43

Jan

80

.

a'

—

490

93

105

common—;

_1

25

21 Vv

Co. class

Bakeries

Preferred

Jan

Cable

I,225

94

125

*

1—- 50

—

Wire

5 %

91

,-100

-

common--

150

30

Co

Preferred

3 %

38

105'I

H

94

:

r»

Mortgage

Steamship

29%

4%

Limited

Companies

Voting

Jan

20

Jan

4'In

——*

——

Packers

Permanent

29

common

International Paint

18%

1.00

Ltd...

of

Jan

Co-,

150

*

Paper Co

Aircraft

18

33

Lino

Dairies Ltd

Eastern

51

4%

—

Donnacona

Canada

1.10

Corp

Woollens

Can

Jan

-100

Ltd

&

Canada

Jan

29

Ltd

Oilcloth

Jan

19%

—1

-

Dominion

6%
80

Jan

31

a

4%

& Motor preferred—100

Malting

Jan

"

Preferred——

Paper

Jan

Canada

Jan

100

Co

Products.

Consolidated

5%

1.00

20,300

31

—100

Canada. Cycle

17%

_i

Ltd

Commercial Alcohols

Jan

30c

*

common--

I*

cumulative preferred--.

Catelli

65c

High

27c

24c

——*

common—

Preferred

80

'

—

0

—

preferred-..-

Vickers

6

86
'

_*

cumulative

!'/<■

880

80

19

Preferred

Canadian

6%

80

pld
100
6% %• pfd—100

Ltd

Breweries

Canadian

4,057

6'4

Canadian Industries Ltd class B_
7 V

1.00

—*

Ltd—

Sugar

& Cable

Wire

Canada

90c

Low

100
Ltd

Co

Packers

Power

North

Can

Oil

Dominion

&

High

100
Limited

British

Canada

Low'

Cement

6.860

1.38

1.30

1.36

1

Ltd-

Bread

Canada

Range Since January 1

90c

preferred

•Belcling-Corticelli

Oii

Canada

Shares

*

common

& Edmonton Corp Ltd-——*

Calgary

Sales

Last

AbitibI

lists

Calmont

Friday
SIOCKS—

sales

10%

*

:.

Jon

Preferred

Gold

McLellail

6 V*

735

5%

Jan

6%

890

14%

Jan

15%

Jan

6%

350

Jan

7

96

99

44

92%

Jan

99

Jan

48

49

345

47

Jan

49

86c

95c

16,581

83c

Jan

95c

Jan

Aetna Casual & Surety,

1%C
7c

.

*

of Canada—

Mining

Corp

Moneta

Porcupine Mines

Montreal
Moore

Light Heat

*"""l

<fc

11c

1.

Aetna

Jan

Agricultural

4

91

5

5%

^

5 %

Jan

American

1.32

1.45
34c

21,510

27

77

Equitable
of

48%

330

46 %

45'%

IIoo

28 c

Jan

24%
44%

Jan

American

Jan

American

Re-Insurance

48%

Jan

Jan

American

Reserve.

Jan

American

Surety.—

182

182

182

15

182

Jan

6%

50

6

Jan

6%

Jan

25 34

25%

10

25%

Jan

25%

Jan

1,380

38

Jan

47c

2,200

40c.

1.08

1.15

650

42%

25%

44%

4,193

Oil

Nordon

—

4%C

4%c

Corp

Preferred

..

Page

Ltd

City of

Connecticut General Life—.

Jan

75c

Jan

88c

Pamour

Porcupine

Jan

63c

Jan

3,100

Jan

13c

Jan

10c

76,300

9%c

Jan

11%C

Jan

50c

Jan

50c

Jan

50c

50c

6

1.50

1.50

2

5:):lC

5%c

6c

92%

92

93

60c

60c

60c

3,675

57c

Jan

63c

18c

21c

9.750

18c

Jan

23c

90c

Ltd—

Mines

1.50

Jan

37.000

4%c

201

88'%

Paymaster Cons Mines Ltd—

-...1

18c

Perron- Gold

,..1

1.00.

1.00

1.05

3,700

1

1.72

1.70

1.80

9,870

-Mines

Pickle-Crow

Gold

Pioneer
Powell

Gold

;

„_

Mines—.

Mines

of

1.50

Jan

jan

6%e

Jan

Jan

93

Jan

—

Federal

Gold

Premier

Preston

7,710

62c

4,000

7

7%

170

60c

60c

5,200

...i

6

6

6'A

1,165

4

...i

1.86

...i

America.',.,.

36c

Silk

Jan

Firemen's

Fire

6 "A

1.44

65c
■v

63c

Jan

1.90

Jan

Jan

Royal Bank'of Canada.....
Royalite Oil .....

Fire..

Home

Jan

Homestead

Jan

St

Lawrence

San

Gold

13,350

36c

3,834

30c

Jan

40c

500

6%c

Jan

9%c

205

22

Jan

22%

...

2,300

3 Vac

Jan

4'Ac

135

16

24

70

3c

3%C

10.800

2.00

2.00

2.00
2c

Sheep

Water

creek

St Paul Fire Si Marine

Seaboard Surety..

27%

29%

25

14 V;

Shenltt-Gordon

Power..,

135

Gold

Jan

2c

Jan

3 %c

Jan

50

1.75

Jan

2.00

Jan

2.10

9,737

1.86

2%c

6,500

134

5

96c

1.05

Dairies

Preferred

——;

Preferred
Siscoe

.......

Gold

End

South

85c-

Jan

1.05

Jan

11.863

67c

Jan

78c

82c

6.00

6.25

10

65

8

8V«

8%

200

8

3%

66

86%

90

93

42c

43c

100

—

.

Mines

Gold

Lake

3,800

10

85c

Jan

6.25

Jan

Jan

Jan

10

Jan

8

%

Petroleum

Jan

3%

Jan

86%

Jan

95

•

Jan

39c

Jan

44c

Jan

9,300

29c

Jan

38c

Jan

3c

2,500

2%c

Jan

3 %c

4'Ac

4,000

3'Ac

Jan

4%c

Jan

12%

10

Jan

12'%

Jan

Jen

1.15

Jan

Jan

7%

Jan

125
'

Standard4 Paving

Materials

<fe

1.10

1.10

700

1.15

7

com.

7%

J

7

Preferred
Standard

Canada

River

.,

«

4%

Jan

Jan

61%

Jan

1.65

2,000
800

2,850

1.60

1.50

70c

70c

75c

1

1.42

1.40

1.50

10%

10'%

2.06

2.20

.

Sylvanite Gold Mines, Ltd——.

Jan

59%

22,550

1.60

III

Sudbury Basin Mines.
Sullivan Cons Mines......

4%

45

'■

1.71

1.65

,.1

•

.

'800

61'/a'-

IOV2C 10 %c

1.68

Gold....

7

1,150

4%

4%
61

common——,

Iron Mines,.

Rock

Steep

Sturgeon

"A

4%

Radio Company,—.

Steel Co of

Bid

(Gt

Ltd common...
-„1

Texas' Canadian Oil

1.78

Jan

Jan

Jan

1.46

12c

1.60

Jan

Jan

65c

75c

Jan

4,265

1.40

Jan

1.55

2.35

Gold

Uchi

205

10'A

Jan

10'%

17%

3,436

1.85

Jan

2.20

Jan

90c

1,500

80c

Jan

65c

1,300

61c

Jan

72c

Jan

50'%

137

50

Jan

50%

11.45

70%

68

Jan

70%

Assoc

Corp

Investing.lOc

Foreign

Stand

Oil

,,

Jan

14%c

Jan

7!%c

Jan

8%c

Jan

6%

Jan

1

2,000

7%c

8%c

11,500

6%

6%

1,433

7 %C

„

6

United

Fuel Invest class

Class

B

....

8c

...

,———

4%

1.09

1.05

1.15

26,350

3%

Jan

8%c

Jan

1,15

—1

Basic

2%

4%

Series

3%

5

5%

preferred——

A6%

Industry Shares.——10

13.82

Street Invest Co Inc.—5

21.40

23.14

1

12.08

Bullock

Inc—

Jan

4.60

1,905

4.25

Jan

4.60

Ltd

Fund

—

Fund

Inv

Canadian

—.1

2.80

Sayles Mut Fund—
Loomis Sayles Sec Fund— —10

10c

12C

40.000

9 V-c

Jan

12c

Jan

4.15

4.35

4,360

3.30

Jan

4.35

Jan

Worts

48

47

48%

Jan

19 %

19%

19%
22c

common

Wendigo Gold Mines.,
-

Flour

24.91

26.79

Mines,....

—

•

2,500:

Securities

137

31c

Nation-Wide

2.97
1.07

1.18

National Investors Oorp.— —1

5.36

5.79

1

1.92

National Security Series-

-1
mod———-—1

2.30

Accumulative series—
ACC

ACrum

Forster

&

Bond

2.30

mod—...

AA

Series

.V*

Preferred

118

New

10

shares—

B

A Common

'25%

preferred.——100

111

Cumulative Trust Shares.—*

,

.r

*

■ ■

Fund.—————1

Delaware

D

16.39

17.72

6.27

10.50

11.32

8.26

Inc—

25c

1.03

Shares

Dividend

4.66

5.14

9.08

9.98

Bank

7.21

—

stock———

5.35

1.14

6.07

8.03

8.83

6.50

7.16

9.36

10.29

6.75

7.43

6.04

6.65

—

Electrical

equipment

Insurance

stock—.

Machinery
Eaton

Howard—

&

■17.12

1

10.16

10.80

Equitable Invest Corp (Mass) .8
Equity Corp $3 conv pfd
1

23.66

25.44

25c

25 %c

•

.14.84

15.97

Inc.

1.51

1.66

Fund

Stock

48%

Jan

Jan

19%

Jan

Fidelity

20c

Jan

22c

Jan

Financial Industrial Fund,

Jan

First

Oils

Jan

Jan

48

Jan

Fixed Trust Shares A

Jan

12%

Jan

Foundation

Mutual

5.21

4.67

Fund.—.5

Trust

Trust

—

—10

8.63

Shares A—1

3.20

„

'

iw-

8.26

;

—....

—

Railroad

Bond

Amer

3c

22,000

2 %c

Jan

3c.

Jan

Fundamental

2

16.83

1.80

—1

125

2%

Jan

3

Jan

Fundamental Trust Shares A__2

3.99

4.79

;Jan

23

Jan

3'Ac

Jan

3.50

Jan

General

Capital Corp...

26.91

28.94

9%c

Jan

General Investors Trust-

4.18

2.20
1.81

—

Series 1958

...

Jan

Jan

2.25

1

—1

Series 1955...—.......

18.44

3

5.78

shares

1953

Series 1956—

3.75

5.42

38c

ctfs..

Trust

Trust

Amer

Series

4.02

4.92

...

equipment-

Steel

North

9.09

3.64

5.24

Railroad

No

Inc.—

Fund

.j

Metals
18.20

1

Fund———

Balanced

7.93

5.51

Chemical

4.75

3

4.51

23

23

3c

3c

1

Building supply—.—

H—11—IIZ——2.50

12

>

—

Agriculture
Automobile

3.10

40

3

—1

5.67

series-

Fund

Aviation

125

.100

6.58

5.62

7.51

stock

England

New York Stocks

4.01

A7f>

series-

4.11

5.10

series.

Low priced bond

27c

Forster Insurance—

&

5.98

3.70

series..

Income

'

25c

common—10

preferred———100

A8%

Securities—

1.92

(Md)

2.03

—.—1

AA—

Series

350

———

9.61

series B shares—
voting shares—-... .25c

(Colo)

...1

Corporate Trust Shares

223

'

7,79

Fund

Invest

4.02

29c

Mutual

142

3.70

Preferred

46

2%c

9.12

Inc... -10

com—100
.—100
Commonwealth Invest———1
Consol Investment Trust——1

2d

3%

3c

4.00

18.81

Trust

Investors

12'%

1

3.35

8,48

Investors

Mass

Christiana

7.80

7.09

17.49

Mass

19

3%

33.20

1

9.83

2,290

45

3

32.54

Fund- ...1

9.09

12 »A

....—

Preferred

Wood-Cadillac Mines Ltd

590

80.30

.10c

—

2,190

45

0

—

-

6.02

78.69

.10c

—

Maryland Fund Inc

1

12%

.100

...

common——.—

Winnipeg Electric class A

~3

*

common—

Preferred '

47

276
4

0

3.34

Bond Fund Inc-

Common

3.40

*

Ltd

Century Shares Trust
Chemical Fund—

Jan

11 %C

8.91

5.47

Fund

Loomis

Manhattan

Crum

12.18

8.09

13.25

Fund

Boston

Broad

S-a

Knickerbocker

14.86

——

3.12

5

S-3—

13.56

3.00

S-2

Series

14.91

11.08

—1

—.—

8.98

13.63

K-2._

A Common

17.09

8.18

12.29

K-l

Series

—

Series

Jan

95c

26.09

B-4—

Series

Jan

4%

4.15

Preferred

Wiltsey-Coghlan

Jan

Jan

4%;Jan

4.50

Mines, Ltd—:——

Ltd

3%

4.55

-.1

Canada

:

30.61

15.54

—

-

5%

Nat Investing—

Bankers

Jan

5%c

1,485

•

34%

Jan

20c

Oils

Westons IGeo)

*

2,000

4%

27.91
21.78

B-3———

11.30

Jan

9

Jan;

32%

10

-,73Ac

%

Waikers-Gooderham

•

:

3%

8c

—

Waite-Amulet

•

3%

3%
4%

1

—

Ventures,' Ltd.'

Western

85

34%

*

,25

—.

Upper, Canada Mines Ltd..

■

33 %

-7'A

330

,

<1

—————i—.

United Steel

Vcrmiiata

34

-50

Oils

United

9

B-l

5

Jan

70%

12 Vic 13 'Ac

9

Corp class B

Ask

B-2

10.51

Diversified Trustee Shares—
United

Bid

Series

2

Shares

Axe-Houghton Fund Inc

Jan

12c

90c

:»

Canada

35%

Scries

12.53

American

Jan

1

33%

Series

2.89

Jan

90c

65C

—

83%

-2.50

Fire

Series

18%

2.63

Jan

50%

—1.

Mines-,..—.

Union- Gas CO' of

90c

.100

Exploration

51%

79%

Par

2.58

—10

Jan

1

General 'Trusts,,.;..,

Toronto

Towagmac

32%

x49%

Keystone Custodian Funds-

6.88

Jan

Jan

10c

..50

,

.

preferred.......

Elevator

Toronto

Corp......

Mine.s

Gold

Toburn

2.15

—5

Teck-Hughes Gold Mines

31%

4
10

Fidelity & Guaranty Co„2

Ask

6.33

1

-IV*

Holding

AAmerex

Series

Tambiyn

Westchester

Jan

4c

———

4,125

36c

12

4'Ac

—

73%

71%

American Business Shares——1

Affiliated Fund Inc.—.

Jan

3'%

Aeronautical Securities—

Jan

35c

42c
36c

Mines...

Standard' Chemical

5.75

366

;

23Ac

i

.......I

—.

Sladen-Malartie Mines—„
Slave

Jan

80c

Simpsons class B.

Jan

18%

6.25

.....

30c

Jan

X

common..

Jan

Jan

17

3%

Silverwoods

2.10

2%c

Jan

20c.

64,300

18 %

Jan
Jan

2c

...1

Mines—

Sigina Mines (Quebec

U S Guarantee

59 %
434

424

Investing Companies

Jan

24

30c

97c

.50c

Mines—

U S

U S Fire—

15%

■

37%

Jan

Jan

Jan

18'A

<■

45%

:

56%

100

47 %

126

122

10

Travelers

29%

28%

5

35%

Springfield Fire & Marine —25

97

42 V*

45%
10

Standard Accident

26 %

94

272

262

-62%

Security New Haven..

Jan

21%

25c

27c

...1

—

&

Gold

2.08

—.1"

Senator Rouyn, Ltd..

Shawinigan

3c

,—.1

Mining..

24%

Jan

4C

.50

Gold Mines Ltd..:

Gold

River

25 Ta

22%

Jan

22%

4c

4c

1

—.

Corp class A

Antoriio

Sand

Mines

24%

10

9%

Par,
Anthony

5%

—10

18%

of North America -.10

Insur Co

34%

4%

Fire

41%

—10

Fire

15%

32%

.2

(Texas)

(Paul)

8%

—

-

89

10

...

(NY)

Corp

17%

—10

—

42

86

14%

5

—

40

Jan

1.90

9%c

.100

St

—

39%

Hartford Steamboller Inspect._10

Jan

135

...i

Revere

Jan

6'A

Jan

1.72

7%

10

—10

Indemnity Co

Providence-Washington

%

10

Hartford

Jan

46

4%
90%
101

Preferred Accident

5

American

Great

86%
97

10

„

3%

.12.50

5

Marine

&

Republic

Hanover

Jan

55c

Fire

Falls Fire

Globe &

Jan

35c

1.80

Mills

Roche Long Lac Gold, Mines...:

Glens

13%

—2.50
—5

—

Phoenix

29%

%

44

25%

23%

Fire..

Republic
44

31%

42

xl2%

11 %

27%

5

24%

29%
10

River.....

Reinsurance

8%
169

22%

5

Pacific

76%

10%

7%
164

Northern

60

73%

—5

—

%

58

5

Newark

of

Franklin

Jan

23

—

41%

General Reinsurance Corp.

1.86

9%c

Mines.....

——

38%

10

Fhila

7%

58%

2

Casualty.

Fire

Northeastern

Jan

22

Dome

East

32%

Fireman's Fd of S Fran new..10

1.05

Jan

58c

■

Queenston Gold Mines
Quemont Mining
Riverside

1.42

60c

Mining.,:

Metals of

Pressed

1.26

60c

...1

30'A
36%

...

Fire Assn of

Jan

1-.25

1.27

...1

of Canada-,.

10

6%
56 %

Fire

Pacific

Continental Casualty.

Jan

1.69

60c

C—

B

Rouyn Gold Mines

Power Corp

18

Jan

62c

50c

.

22

16%

10

New York

York

47%

4

Y__

New Hampshire Fire.
North

20%:

—5

Jan

8%c

N

2

Union

Amsterdam

New

4%

43%

New Brunswick

5.60.

5

—...

...

5c

1.50

,

Tubes

Hersey

8%
75%

39

Fire

Camden

Gibraltar

Oils

Pacalta

7%
5.40

8-%

69

10

Mfrs Fire

National

72%

—

44%

0

........

—

12%
55

2%

Shippers

Jan

«

Orange Crush common

11%
53

—25

Baltimore American..
&

Si

National Liberty

10

25

.

Jan

11c

9%c

Merch

3%
66

5

National Fire.

New

Bankers

1

-12%

Merchant Fire Assur

19

14%

Jan

Jan

10 %C

9%C'

Jan

53c

10c

-

50

1.15

Jan

53c'

17%

Ask

36%

7%

—.5

Casualty

13%

3 %c

1,600

22%

20%

Knickerbocker

47%

40

15,800

Maryland

Massachusetts Bonding

10

Jan

38c

47 %c

1

—

50c

69%

Jan

6,225

53c

1

Mines

Nickel Corp——.

43%

Jan

1.05

33,645

67c

65c

65c

.

88c

81c

87c

Ltd
«

Gold

Omega
Ontario

'

42%

—

Mining

Oils

Okaita

.

—

Gold .Mines

O'Brien

5

...

....

'

•

Noranda Mines

Normetal

40c

—.1

1.,
Nipissing Mines
Mine.s

Negus

43%

39%

43

_

32%

Bid

Par

Jersey Insurance of N Y__

-2%

Newark.

Boston

National Steel Car...

30%
66%

10

....—

Jan

1.47
.

53%

5

Alliance

American

6 V*

x

—

Natl Grocers common

—

37c

Jan

51%

25

Life

27

Jan

1.22

7,250

28c

26%

Jan
0

144%

10

Jan
Jan

12 %c

.

33%

Ask

139%

10

£tn

Jan

6c

3,300

27

common.——,

A

10,500

31c

0

;

Power

*

Corp

Class

3,500

6%C

Companies

Bid

10

Par

Jan

1'TbC

6c

1.42

■

Insurance

Jan

Aetna

l%c

1%C

^

.

6

11 '/4C 11 %C

__

☆

Mercury Mills

22

Jan

11%C

"■

—

Jan.

Jan

15%

1

—

Mines

Friday

Jan

'

1

—

Mines

Gold

Quotations, for

3 %C

Sic

1

Mines

Mines—..

Graham

McVittie

McWatter.s

Jan

99

Mclntyre Porcupine Mines
Lake

2%c

6

6%

~100

Red

500

6%

6

20

McColl Frontenac Oil common——

McKenzie

2%c

c

High

48 </4

common
1

Preferred

%

Low

15%

9

Massey-Harris

2

..

OVER-THE-COUNTER MARKETS

Range Since January

High

Low

.1

Shares

of Prices

Par
-

for Week

Range

Last

Mines Ltd..

Sales

Week's

Friday
Sale Price

STOCKS-

Maralgo

335

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4145

157

Volume

3'AC

20

1,000

;

50

2%c Jan

Invest

Inc

3.67

-10c

Plymouth Fund Inc
Putnam (Geo) Fund

37c

42c

—1

...

11.71

12.52

'

Wright-Hargreaves
Ymir-Yankee

#.

3.00

2.80

3.GO

10,680

*

Mines
Mng

Gold

9 %c

9'AC

9'Ac

1,000

2.80

9c

JOc

4.65

5.55

..1

3.00

3.37

„■*
—2%

79.78

81.40

1

3.51

1

5.47

Quarterly Inc Shares
Republic Invest Fund.

Bonds—

6'i

Uchi

'

•

,.f,

————

— —

Group Securities—
26

26

————

26

$700

26

Jan

Jan

Agricultural
Automobile

.

shares—

'

■

•

-

Canadian

Jan,

r

...

16

Jan.

to

2?

'

,*

STOCKS—

,

.

.

4

Mills

Bud

Canada

*

Breweries

——2

Disher

—_54
*

_*

Bridge

Foothills Oil

—.

_«■

Humberstone Shoe

Ontario
Osisko
Pend

Silknit
Lake

Oreille

Supertest

*

common

Mines

xl-'

Mines—

Petroleum

footnotes

35c

;

ordinary

1

■»
1

—

see

—

page




336.

7

__

14c

1.25
__

7

Jan

.6%

440

6

7%

100

0% Jan

1.15

905

1;.00 Jan

1.20

1.40

3

3%

215
3,411

35c

39c

3,600

100

10

"

1,00

High

Jan

7%

100

...

Temiskaming Mining
For

J.L-

.

26%

_

& Gas

19

10

261%

26%

93c
9
100

1.02 '
9

100

100

1.20 Jan
3
J Jan
Jan

10

10

26%

70

210

100

Jan
Jan

17c

4,500

13c

3,035

18

18
7c

5
3,300

1.05 Jan
18
Jan
5'Ac Jan

6'A Jan
8
Jan
1:15 Jan
1.50 Jan
3% Jan
Jan
1.00 Jan

Jan

78c ' Jah
9
Jan

Jan

4Qc

Jan

30
3,600

1.30

6'%c

'

Jan

1.25

14c

'

29c

1.00

7.92

State St

shares-

5.96

6.56

Super Corp

3.83

4.64

4.74

5.22

4.99

5.50

shares

2.70

2.98

Trustee Stand

Equipment shares.

3.00

3.31

3.87

4.27

'

10
Jan
26% Jan
1.02 Jan
9
100
19c

Jan
Jan
Jan

1.35 Jan
18
Jan
7c
Jan

8.33

6.08

•

12.47

13.27

65.05

69,90

4.22

4.21

7.64

*
—_1

Spencer Trask

4.20

bond

Mining shares
shares.

Petroleum

Range Since January 1

Shares.

Sovereign investors...
Fund

7.20

3.81

-

\Low

High
7

•

r

1,00

_L

-

common—i*

Preferred

Domiliion

7

Shares

6.21

Investing
Merchandise shares—

-

»

6

1

—3%

Co.—-,

Construction

'

-

V"

j*

of Prices
Low

1

:

Paper Corp.—

Oil

Steel

——i__—

Co

Copper

Dalhousie

Range

Sale Price

•

—

Vinegars
Canadian Marconi
Consolidated

Last

.

Par

Canada

Coast

•-

1

Silk

Bruck.

-,.f

•

Sales
,
for Week

Week's

Selected Income

5.64

shares.

General

Funds

Friday

-

Selected Amer Shares^

6.02

Food

■

i

6.59

Electrical Equipment.,

Section

inclusive,-compiled from official sales lists'-

both

Fund, Inc

4.60

5.99

shares——-

Chemical

Scudder, Stevens & Clark

4.17

Building shares

Toronto Stock Exchange-Curb

5.50

,5.47

shares

shares—_—

Aviation

5.07

Railroad
RR

Steel

shares

3.50

shares-

3.86

2.78

shares——

Tobacco

Utility

—

Investment

Corp

of Amer AA

Trustee Stand Invest Shs—

1

1.84

1

1.77

ASeries A

..1

4.54

ASeries B—

—I

5.26

—-25c

35c

ASeries

C—

ASeries

D

Oil

Shares—

Trusteed Amer Bank Shs—

3.07

Class

B

.1

10c

18c

1.27

1.39

5

15.17

16.31

Independence Trust Shares——*

1.91

74c

23.16
18.04
6.41

2.18

11.28

United Bond Fund series A.

66c

5.86

25c

21.19
16.50

Trusteed Industry Shares

Inc
10c

2.06

12.37

AHuron Holding
Income

Corp.

Foundation

Series

Fund

Common

Incorporated Investors

B

Series

C

U S El Lt &

Pwr Shares

Securities

73 c

shares.
Investment Co of America—10
Insurance Group

C

—1

13.87

15.28

Ltd—

Bank Group shares

Investors Fund

11%
1.28

B

Wellington Fund.
Institutional

A.

1

1.15

18.48

20.09

9.62

9.84

Investment Banking

80c

1.04

Corporations
ABIalr
A

First

& Co
Boston

Corp

-—1
10

58c

80c

12Vb

13%

THE COMMERCIAL & FINANCIAL CHRONICLE

336

OVER-THE-COUNTER
Quotations

23

,

Quotations For Recent Bond Issues
Bid

Insurance Stocks

Cent 111 Pub Serv

Telephone to Hartford and New Haven

Macy (R HI ,2%S 1952
Penn Electric

T, C. CCJRWIN
Members

1

>

New

York Security

3%s>,

100

—

New

Jun

104'

=

Pipe Line

'105%

i04%
105%

3%s, 1956

108'

Wisconsin Pwr & Lgt

Int. Rate

15,

100.1

i%%

1943_*;»;**;**

T

3%s,, 1971

106%

.100.9

%

100. J

1

100.22

100.24

_*;

99.22

''

%

1

,

99.24

%.

15,

■!.%%,

Certificates of

-

100.10

Indebtedness—

.

100.14

100.16

$%s Feb.

101

99.28

99.30

J0.65S May 1,, 1943—
—
17/a S Aug. 1,. 1943—**——

b0.38
b0.44
b0 64

0.25'/,

100,29

$5,. 1945*,i._***_*

%%

100.19

100.21

$%S Nov 1, 1943*.*

b0.73

0.70%

1945*—i**!

1%%

100.10

10Q.12

t%s Dec 1,1943

b0,70

0.76%

—

%%

1
'

1, 1943-**-*

—

0.4i%
0.61 'k

'

1,1.13.55

National

Chase

■

28%

;

29%

27%

.—*12%

National Git y*—-

30%

Mar

$Mar

Commercial Nationals

,186;

176

100

Public National

New York Trust
Par

•

Bank of New York.*

Bankers

—

Brooklyn

Ask

,

40 %

66 %

Chemical Bank & Trust

10

11%

42%

13%

Empire
Fulton

Trust_2Q
,*—50

*,

*

.

14%

Morgan

(J P)

36%
48%

0.28%

March

b0.37

0,28%

March

Feb. 17,

1943

b0.37

0.29%

April 7,

Feb. 24,

1943—*

b0.37

0.29%

1943*.

b0.37

0.30%

April 14,
April 21,

Feb

20

51 y2

53 y2

193

100

& Co—.

Feb. 3,

202

.76 %,

—25

*—

,79%

..

10,

March 3,

17,

24, 1943
31. 1943.

1943*.

0.30%

b0.37

0.32%,

b0.37

0.32?/

b0.37

0.32%

b0.37

0.32%

1943

b0.37

0.32%

1943

b0.37

—

1943—

0.32%

37%;

.

100

150

246%

•No

United

100

States—*

1,055

market,
JThese

d Deferred delivery,
r Canadian
s Cash sale—not included in range for year.
XrEx-dividend. y Ex-rights,
tin default.
bonds are subject to all Federal taxes,
a Quotations not furnished by sponsor or issuer.

3%

160

241 V'2

3%

12

Title Guarantee & Trust-

51%

100

—

Guaranty

bO.37

1943—

38%

*;

New York—**

0.28%

1943_**_

1,195
26%

36%

'

Corn Exchange Bank &

1943—.

March

23%

Xl.145

Auk

Bid

b0.37

10, 1943—

March

bO.37

Jan. 27,

Bills

at purchase

Ask

Treasury bills-

12%

25

100

common-

Preferred

Bid

Ask

Bid

1*20

Kings County——**.—
Lawyers
——

80%

40%

10

Continental Bank & Trust

77%

20

Rates quoted are fur discount
Par

Manufacturers

Central Hanover

United States Treasury

■

—_—*.

29%

28%

—10

62 y4

15.

Companies

299

38%'

100

*****

V

.

289

10

******

...

Bid

.****100

„__17%

—.

100.12

,

%

5

15, 1944—

Sep 15. 1944*******
tSept, 15, 1944.***.—**

1,295

1,265

1946——

;

99.17

100.22

1944

1946***—*

Ask

,

,99.15.

%%

.

%%

Jun

Ask

Bid

Par

tMkr 15,

.100.14

100.2L

Bid

Int. Rate

JDec

100.10

3

1 Vb%

)>oint

a

Maturity—-

$Dec. 15, 1945*****,

100,2

1943—L.*-

Mar 15,

...100

Ask

Bid

'%%

"

First National of N Y*

18%

15, .1943—i.*—*

Dec

A«K

Bid,

17%

■.

15,

Sep

New York Bank Slocks
10

Southern Natural Gas.

163

_*.;*.

-

Figures after decimal point represent one or more 32ds of

Maturity—*
1943-********.

Par

•

Quotations For U. S. Treasury Notes

York, N. Y.

Hartford Telephone, 2-0121
$Mar 15,

,

100%

•107%

1972r~**—.

Ask

Bid
Public Service of Indiana
3%s 1972

91%

CD.

&

30 Broad Street

Co

105%

91

Dealers Assn,

Telephones, HAnover 2-1035 to 2-1044

Bank of Manhattan

Ask

104%

3%s, 1971—'

Empire Gas $ Fuel 3%s,.l962-*

Private

25, 1943

MARKETS

for Friday' Jan.

Specialist Since 1903

Bank Stocks

Monday, January

.

1,095

value.

par

* Odd

lot

b Yield

sales,

.
.
/
■
Date
Page
■ !■
.
• •
*
: . • ••• ,/' :
bonds, due 1947****^**—**l_i—Feb, M
•
1st mortgage 5%s, due 1953*******.
_*■;*_*L'*^_X
Feb
,1
•
1st mortgage 5s," due 1955***
—__•_-*—Feb', 1
•
•
West Penn Traction Co., 1st mtge; 5s, due I960*——„Feb
4. •
•

price,

Company and Issue—*

Redemption Calis and Sinking Fund

i

Name of

5%'%

1st mortgage

Below will be found

•Announcement in this issue.

Company and Issue—

Date

15-yr. collat.' trust conv, 5'/■ bonds,
1.;—_—
****** %—*_.
Jan 26
gold deben¬
tures,
dated
1928
—Feb
1
Androscoggin Mills, capital stock————i*
:*___Jan 20
Appleton Co., l'/r preferred stock***
Feb
1
Arkansas Power & Light Co. 5% bonds, due 1966
—Feb
1
Atlantic Sugar Refineries, Ltd., 4% bonds due 1951—Mar
1
Birmingham Electric Co. 1st & ref. mtge. "4%% bonds
Alleghany
due

Coi*p„

first

due

1968

—Feb

1

Brooklyn Borough Gas Co. 1st mtge. 4% bonds due 1965_Feb

:.•

214

$2187

Electric

&

Co.—

Central

Hollywood. Bldg.

bonds

-

1946—Feb /l
bonds, due Dec. 1, 1946—Feb
1

income

Co.

1_

leasehold

12034
$2034

'

ref. & impr. mtge. 5%

7r/r

'$2216

;

$*2096
128

Century-Parkway Corp., gen. mtge, 6 % bonds, due 1956*Jan ,27.
Cincinnati Gas & Electric Cq. 1st mtge. 3%%
bonds,
due 1966
—**:
:*****__*
Feb
1

217

Cinema

129

__Mai\

_*_•

mtge. bonds——

ref.

1st

1st mtge. 6s, due 1945
Cleveland Tractor Co. 5% conv. debentures, due
Commonwealth

of

.

Utilities

Corp.,

1st

mtge.

1926 •—I**!***——

..Connecticut
; series:

Power .Co.,
due/1961**.

1st

mtge.

bonds,

'

..

Feb

15

217

$3
•"

•

/
"

,

Arrow Distillers,

$2128

Atlanta

$2305

<T.> Realty Co., Ltd., 1st mtge. 4s/due 1951—1*Jan 29
Fairbanks, Morse & Co, 20-yr. 4% debentures, due 1956-Feb
1

$2037

Mar'*15

$2130

Imperial Laundry
dated 1936

■

Kansas City

Co,

income

5%

debentures

Gas Co.,1st mtge. 5s, due 1946
1st mtge. 6%, bonds,

due

.A,

Feb

__Jan-25

1st mtge.

5s, due 1956

.

'

Line

Air

Montreal

of
of

**_*__*_**jjl:***„
Cigars,-Tnc.;**—***;;**—;...;,**—**"

Bayuk
Eerens

River, Mines.

Bertram

166

(John)

Ltd:

..

& Sons

$$2

Feb

1,

$2040

Blauner's, Inc. (Phila.)/com.
$3 preferred (quar.)_*_

Aug
1
Lpxington Ry. 1st mtge. 5s, due 1949——•*—*—Feb
1,
Montana Power Co. 1st & ref, mtge. 3%% bonds, due
' '
! 1966 •-.*
*Feb 11.
MOore Drop Forging Co*., class A stock*—*.*;
„Jan 27

$2040

Bohack

due
1st

1944

———

and ref.

f. bonds,

s.

—

mtge. 5%

bonds, due 1944;

*

256

.—Feb

1

: 256
$2042

27

258

Jersey

Worsted

Co.

preferred

stock**—

Nivelle Corp.,

1950-1952

J

Canadian
Caroiina

Feb

5%

Feb

1

46

Safe Harbor Water Power Corp. 1st mtge. 4Vas, due 1979*Feb

4

171

1

$1694

Transit

Dec.

15,

Ry., Light,

*

Co.

5'/

collateral

1st mtge. 6%s.

Heat & Power Co.

due

1948*

1st mtge, 5%

bonds, due 1952*

'bonds

Feb

.

Corp.,

&

Ltd.

common

1st

ref. mtge.

Feb

26

*Feb

26

10

bonds*.

Southern Union Gas Co;, 25-yr. 6 %
debentures due
Standard Lime Co., Ltd., 1st mtge. 6s, due 1944

Tampa Gas

Co..

1st mtge-.

5%s.

Tarapa

Co.,

1st mtge.

5s.

conv.

dated

due

2nd

Kroger Grocery A Baking common
6%

7%

Chain

Store

Investment,

$6%

Chattahoochee & Gulf RR.

173

Iron & RR. Co,
Transit

gen.

Corn.—Third

bonds,

dated

Temple Baptist

Corp.,

1

$2141
261

30

261

Cleveland

due

RR.,

^

>

-

1

•

bonds^

1941

6%

debentures,

due

1955

Westvaco Chlorine Products Corp, $4.50 cumul.
pfd.




1

.174

„Anr

1

$1872

stk.".Feb

1

176

—*

Common
5%

(s-a)

Ltd.

1-15

2- 6
2-6

1-28
1-28

3-1

"
'

1-12
2-10-

2-1

Lit Brothers,

8%

2nd

Louisville Henderson,
Common

5'v

Lukens

1-30
2-15

1-26

3- 1

2-15

2-1

1-15

$5

$-21

1-30
1-30

1-21

1-15

1- 5

jic

*

Madison
Marine

1-22

1-20

Steel Co.

Fully
Initial

2-27

$4e
25c,

55c
60e

2-15
2-

1

3- 1
3-1

'

2-12

1-15
1-23

2- 5
2-

5

RR

2-1

1-28
1-28

1-23

•

1-19

1-20
3-15
2-13

1-23

1-15
1-25

1-15
.1-15
2-

5- 1
3- 1
3- 1
2-15
2-15

3- 1
3- 1
2-27
2-27
2- 1
.3- 1..
.3-1

5

2-19
;

1,-15
1-15
1-29
2-

5

3-13
4-17

2-

9

2-

9

,1-30
k

1-30
2-9
2-

9

2-11
2-11

1-20

2-17
2rl7

participating

2-15.

2-

1

$2V2

2-15

2-

1

,$2

3-3

2-

1

25c

2-16

2-

1
5

50c

2-

2-26

2-15

30c

2-

1

1-20

30c

(Seattle)

2-15

25c

Square Garden Corp.***

2-1

1-20

—

(quar.)

(quar.)

Bonding & Insurance Co.—
87%c

Quarterly;
Mercantile Acceptance
5%

3

3-5
2-15

2-1
2-20
3-1
4-1

$4

.

(irregular)

I irregular >•

Bancorporation
stock,

8

1-11
3-

& St. Louis Ry,—

Lynch Corporation

-2-5-

$2%

.

—

(s-a)*—r———
*
preferred (s-a)—,;*—*

Louisville•&. Nashville

'

*_

(quar.)*.

non-cum.

1-26

,

75c
75c
15c
15c
$1%
$1%
$2

6">

preferred

1-20

$iv4

Corp. (quar. )I
Conduits National Co.
(interim)******-*__*.
Connecticut Lt. & Power, $2.20
pfd. (quar.)
$2,40 preferred (quar.)*
'*;

****.■:

preferred (accum.i*
1*
1st preferred (quar.)—

6%

Lord & Taylor.

Massachusetts

International

**

—_

1-30

15c

*

(quar.)

(quar.)**.,—

(quar,)**.

_r.

1-15
1-15

25c

*

(quar.)

(interiml

Extra

2-16v

2- 1
2-25

$1%

(quar.)

Company

Commoil,

1-21

Chicago & St. Louis-

preferred

Commonwealth

—Feb

20-yr.

■

Collins

Feb

—

mtge..

-

261

1st

1

1-25

15c

1-

-

.

1-30
1-30
2-15 !•
1-29
2-1
4- I
2-27 /
2- 1
1-2Q.
2- 1
2- 1
2-1
3-1
3-1

,

50c
$1 Va
$1%
25c
$1%
$2c
lie

(quar.i—

;—*_***—*——*_**

$iy4

30

Cine.

2-

G.), common

$2

(irreg.)

common

1-29

'-"'3-

..8c

Liggett & Myers Tobacco, common (quar.)*
Cl,ass B (quar.)
*
*_/*.
Lionel Corp.
(quar,)
'
*—__1

•

1-21

$1%

(quar.)*

Jan

1961

mtge. bonds,
Avenue

1st

261

1

$1

5r.y
preferred (quar.)
Chesapeake Corp. of Virginia*****..*

173

2-

(R.

Mines

20c

pfd.

2-5
1-29

2-15'--

10c

—

convertible preferred

Extra

-

Jan

due

1887****

Church

•

'

T-18

2- 1*

1-20

2*15
2-15
.

20c

Fund

preferred (quar.)—*
preferred (quar.i

Gold

„

(quar.)—*_-*i;*^*—
;;
(quar.) ——————— ■

preferred

$4%

$1V»

(quar.)

(annual)

—Feb

1956*

series,

dan 25

Co.

1-27

,8%

25c

pfd.

2-11

$1%
12%c
15c.
$1%
$1%.
$1%
60c

7% pfd. (quar.)

Safety Razor; class A (quar.)
Ironrite Ironer Co., common, (irregular)—*;

_*_*

12%c

*■_

*

City Ice & Fuel. 6%% preferred (quar.)
City Nat'l Trust & Savings Bank (L. A.) (s-a)
City Title Insurance Co. (quar.)*

»

Walworth

7%
preferred (quar.
International Harvester Co.,

1-30

$1%

(quar.)***

3- 1

40c

(quar.) __•_:

International

3-31

15c

Co

Foundry Co.. 5%

•

5%

3-31'

$10c

(quar.)

*

Sputhern Pacific RR.

50-yr.

.

1-18

65c

preferred (quar.)

Cherry-Burrell

l967_Feb

:

Corp.,
(s-a)

Central Nat'l Bank (Mineola, N. Y.)
Chain Belt Co.

Sputhern Pacific Co., San Francisco Terminal, 1st mtge.

5''
of

Co..

Hussman-Ligonier. Co.
tquar.t— ^*,
Idaho Power, $6 preferred (quar.)—-_*——

1-31
2-1
2-1
1-29

5c

Pomeroy

Celotex

1st mtge. 4s,

1947

Salmon River Power Co.

Case,

trust

1908

Investors

Insurance

Extra

1-20

"$B'0c

6'/
preferred (quar.)*__;.
preferred (quar.)**—;*

(Joseph),

170

Central

mtge.

Hub Loan

1

bonds,

171

Trustees

Home

1-19

170

Rapid

Coal,

Electrochemical

Hooker

3-5

*

Avenue

;

2-1

5%%

-

(quar.)***;,_;*l—*i*****._

Ltd.

California-Western States

mtge.

2-1
2- 1

•

Honey Dew,

259

1st

1-30

2'-15

2-1

l

Co.

2-13

2-15

2-1

3rl2

Le Tourneau

Power

2-13

:(M. A.v Cq., •commoh*;-^Wu;;*;*i-*y;25c
;" $5' preferred, (quttr.)**-;*/*^*-—,$1%
Hearn Dept. Store, 6'>- pfd, (accum.)
«
'.$3
6% preferred (quar.)**,***-***——-:,**** ;•;
75c
Hedley. Mascot Gold" Mines (quar.)—:
T $2c
Hibbard Spencer Bartlett & Co. (year-end)_
70c
Homestead Fire Insurance
(Bait.)
(irreg.)
25c

Knickerbocker

$1%

.2-11

3-15
3- 3

/Hanna

Leitch

Insurance**.,

2-25

25c
$1%
40c
50c
15c

1-; 8
1-15
3-15

1-22
1-29

Life

5

1-18

1-16
3-1

$1%
25c
25c

,

■

(quara*-;.-!,****;^**:;**-^

1-18

10c

:

-

(quar,)**n_;

.2-1

*

1-25
3-

1-14

35c
50c
25c

■

2-1

$3 /

.

(Houston

Co,

$1

__**

•

**'**-<**■ ^***-*•**■

(Dallas/Texas)

Bros;-Stores

2-15

2-15

2%%

1-25

1-21

15c

—.*.

-75c

I—

(resumed)*

Ins.1

.(quar,)

Insurance

1-20

1

_mrd

;Bale

Texas)

1-27'

1

Tennessee

I

Gulf

Life-

Southern

Great

2-1

Feb

Gas

•

Buckeye Steel Castings, 6% pfd; (quar.)
$1V2
Burroughs Adding Machine (quar.)15c

Mar

Josenh

Extra'/-*—1******,-***__-,

Brunswick

Ritchie C,ut-Stone Co./Ltd.,

;dye

.

2-19
1-31

2-15
2-15

68%c
•

'/■,/

payable in.1 U. S. curr; less Canadian tax*.
Graton & Knight, 7preferred »quar.)___*
Great Lake3 Dredge
Dock "(quarvK*—***^

45

Co.

(s-a)*T**—******
„_**._-.;

*

—

44

Site

Insurance

Home

Extra

5

1-26

2- 1
2-1
3-15

.

.

% 2-28

2-15

$1

2-

2-10

2-1

*

2-15
2-15
2-Jl

■

,

2-10

2-17

Granby Consol. Mng„ Smelt. & Pow. (quar.)

44

45

St.

Georgia
.....■

2-22

2-20

preferred (quar.)*****
Metals Corp. (s-a)——***,—*

Feb

State

dated

■

5

1-30

3-1

—

General

1-22

'

1.

10c

1

l

bonds,

3-15

17%

,.

'2-11

3-1
3-10

:

75c

(extra)--*;

(quar.)*

Co.

1

**„.;
Electric

..due 1972
Philadelphia

Inc.

Co.

RR.) (s-a)*****

General Cigar Co., common (quar.);—***,***

•' 2-20

1

$5c

*

British-American Tobacco, 5% pfd. (interim)
Ord. reg. (final of 4d and interim of lOd)

3-

1-25

3-1
3-10
3-1

1-22
1-30(

.

1-25

$50c
37%c
$1%
$1%

preferred (quar.)*_*—

1st preferred stock.——.—Apr
College 3%%
serial
notes,
due

'

Philadelnhia

Brager-Eisenberg,

•

:

1-20
1-26

2-1"
2-1 '
3- 1

40c

•

•*_*_

*

;

(quar.)_—**-*_^*****_*;*

preferred

Kalazamoo

&

X

Paramount Pictures, Inc.,

Pennsylvania

•

(irregular)
:*^_.

—

1st mtge. s.f/loan ctfs., due 1952*
Jan
North American Co. 3%%
debentures, due 1949
Feb
North American Co. 3%% debentures, due 1954..*
Feb
(Oklahoma Gas & Electric Co. 4% debentures, due 1946—Feb

New

*__*:

—

(H.r€.), 1st preferred (accura.)_*_*•
Bourjois, Inc., $2.75 preferred (quar;)****;*
Boulevard Bank (Forest Hills, N. Y.)/(s-a);*
Bourn« Mills
**_*1
!***_„*_

$2225

'

Extra

:

.

$3c
$15c

<s-a)_

.

(irregular)
10c
—$l'/a'
(quar.)*****
25c :
Felin (J. J.) Co., 7%
preferred aquar.) **.:* ,
$1%
Fiduciary Co.
(quar.)*_*-_*;*_
$1
Fort Pitt Bridge Works*_*J*-~--...*_*,
25c

2-20

1

1-22

75c
$1%

(accum.>_*;—

Fairbanks Co., common

2-11f

2-15

37%c

.

(interim);**—

1

T

' 31c
$$1 %
$$2%

(extra') _„—*;;i***i.„

Belding-Corticelli, Ltd.

'

:_**

Toronto, (quar.)

Mar

Lehigh Valley Coal Co. 5% 1st and ref. mtge.

preferred

$6.50
Erie

2-il

2-10
3- l"

30c

_***—;_—„**

(quar.)

70c

$4%
$1
.

.

7-22

2- 1
2-10
2-10
1-15
2-25

.

$30c

Gabriel

1-22
1-20
2-25
5-25
8-25
11-25
2-11

,

50c
I5c

(quar.)

3-15
1-22
1-20

-2-1
2- 2

.

5c
,

(s-d)^***

Ry.

4-

50c

.

Inc.*—

Macaroni.

Bank

'255

'

-

laccum.)—*

Plywood: Corp., common****
$1.25 preferred (quar.)****

$2132

''

pfd.

Atlas

164

'

1

series

1949—

Lebanon Gas & Fuel Co.

■

1

25c

common A (quar.)

conv,

Ltd.

2-15

3- 1
6- M
9-1
12- 1
3-1
$- 1
3-1

75c

Inc.-(Mich.)*/*;**;**

Charlotte

&

Bank

—Feb"*

Ke'wanee Public Service Co.,

131

^

bonds '

*—****_**'.;■'
:

$1.40

Mfg.,

Atlantic

Eaton

1944*****

*

preferred, (quar.)***

Asbestos

1st
———Apr
1
Easton, Palmer & Bethlehem Street Ry. 1st 5s, due 1947*Feb;"l3'

due

2- 1
2- 1

(irregular)
pfd. (s-a)****
pfd. A (quar, )_*

(Ga.), $2

^American Thermos.Bottle;

217

.

County Power & Light Co.—
mortgage 4% bonds,, due I960*

1st 6l/2s,

25c

—_

American Stores Co

Cumberland

Gas Co. of New Mexico

2- 1

(quar.)

Co.

.51
$1%
V/t.
preferred A (quar.)*—:
.*..**'' V' $1%7%
prefei'red A (quar.)*.***
$1%
7%
preferred A (quar.)—$1%
American General Corp., $2 pfd. (quar.)*;*
50o
$2.50 preferred (quar.
62%c

*

15'

;

50c

Co.

Book

American Envelope Co., 7%

'

series -t *

Feb
3%%

S.>

(A.

American Discount

8

1

1945—Mar 15

*

River

A,

Feb.

bonds,

Aloe

*

*

Building Corp.

3-1
4-1
2- 1

3-15

(quar,)

Eaton Manufacturing

of Rec.
1-15:

1-22

$40c
$$1%
$1JA

preferred

American.

i

—**——_•—,**_

'

Holders

Payable

share
{s*a)*~—

com.

(quar.)*_
**********
Alabama Power Co., $5 preferred tquar.)***

bonds,
Feb 26

due/1957

Central Pacific Ry.,

Company

Fitch——50c

&

Agnew Surpass Shoe Stores,

mtge.

—*

Central Indiana Gas Co.,

Abercrombie

bonds, due Mar. 1,

1st lien collateral trust 5%%
•

'

•

1st lien collateral trust 6%

•

1-22

8-1$"
4- 1

$1%
25C

Federal Mogul Corp.

When

2-16

10c

;$$1%

Bradstreet, Inc. (quar.)-*
i,**_*„
Eastern Shore Public Service, $6 pfd.(quar.)

are:
Per

Name 0/

10c

&

6(f

7

1

5%
Dun

.

The dividends announced this week

1-30,

1-25

Dominion-Scottish Investments, Ltd.—

show the dividends

7

-

Stores

Home

Dixie

Dominion Bridge Co.

declared.

$2303

1

Central Gas

we

6

1-30

1-25

•

pfd, Unit., quar.)
Railway/A Terminal, 7% pfd. (qUar.)

Dallas

5

1-

(s-at_**.,-******* :

*_.,*_*****_***-;**;*^

*

2-

Dayton Rubber Mfg., common (quar.)**_,—
$2 cumulative preferred A (quar.i*

follow with a second table in

we

of Ree.

2-20
1-11

'i

which have not yet been paid.
ord of past dividend payments

$1856

—

—

~

previously announced, but
Further details and rec¬
in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when

*

American/ British" & Continental Corp. 5%
—

Then

Holders

25c
$1%
'
$3
$3%

*

; Dairy Corp of Canada, 5%

grouped in two separate tables. In the
bring together all the dividends announced the

we

which

Semi-annually

are

current week.

.

,

'

■

DIVIBENDS
Dividends

Page

1944

$In volume X56;

Culver & Port Clinton RR.

and common stocks called for redemption,
those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."

preferred
including

Sha*e

;

Covington & Cincinnati Bridge (redu. quar.)
Cudahy Packing, 6% preferred (accum.i****
7% preferred (accum.)**
*

—.

list of corporate bonds, notes,

a

Company

Container' Corp, of America**

..

Notices

When

PavMe

per

Washington Gas•&' Electric Co;—:.

preferred
5%
preferred
5%
preferred
6% preferred
6% preferred
C',< preferred

.

2- 5

1-23

of Calif.—

Corp.

(quar.i

25c
25c
25c

(quar.)***
(quar.)*

(quar.)*

(quar.)**—;
iquar.)

*

*

*

.

_

3- 5
6- 5
9- 5

30c

*****—

—*

3- 5
6-5
9- 5

30c
30c-

-3-

1

6-

1

9-

I

3-

1

6-

1

9-

1

.

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4,145

yplums 157

When

Payable

Name of

of Reo.

1

2-

6-

1

5-

1

$lVa

8

2-15

2-

2-

1

1-25

$1

2

2-

1

2-

1

2-

1

1-15

2-25

2-11

National

Paper

&

Type,

$l3/4'".

3-1

2-19

25c

2-15

1-30

"

$114

2-15

8-16

preferred

(s-a—

Meter

(quart

2-15

2- 1
1-18

—

(s-a»

75C

2-

1

15c

2-

1

New

Process,

New

York

4

7

Fire

iquart

preferred

$6

preferred

2-

1

Car

A

—

(accum.)*———*,—

v.;

(Chas. F.), We

Moffatt & Co.—

O'Connor,

Old

Casualty

2-19

2-24

Extra: V-i**—

,

Owens-Illinois
Pacific
:

Gas

—

Glass

&

r

.

10c

1-30

1-20

5c

1-30

1-20

pfd,

,

31 V4C

iquart

2-15

2-il

Pacolet

Mfg.,

Common

40c

—

_*:—•*

Parker Pen

Co.

(quart

Peninsular Grinding Wheel

k Bureau Valley RR. (irregular)——
Phillips Petroleum Co. iquar.)___
Portland Gas & Coke, 7% pfd. (accum.)—;.

2-15

2-15

1-26

2-10

1-20

3-

1

2-

2-

1

1-20

2-

50c

—

G'V preferred

•<'-

88c

1

RR..

Privateer

Public

(s-a)——

Mines

Service

H'r

ireducedi

2-10

Corp. of

preferred
preferred

7%

,*: $5

preferred

Randall
Reliance

Electric

15c

1-25

,2-1

1-20

'-<■

(quar.)

—

3-1
1

50c

2-

1

'$!%■

■

2-

1

1-18

—.**w*;——

Ltd,

preferred

common..

67T. preferred

2-

$1 Va

Spalding
$1.50

(quart

convertible

671

Standard

7,2-7f:
'72- I,'

Standard Silica Corp.

4-

10-

5

15C

2-20

(irregular);;*——_

•

2-15

t; 10c

2-

2-15;
3- T'

.

6,-%

2-10

3-

2-1
2-

2-15
3-

1

2-

■

1

2-5
;

9

1

2-20

20c

2-1

•1-15

Walker (Hiram)-Gooderham & Worts(quar.)

i$i

3-15

2-19

SI

2-

2

'

preferred

<quar.)

Brothers

Class

B

Co.,

t25c

class A

3-15

2-19

67 VaC

(irregular).

2-1

1-25

■V-"

(initial).——

$1V4

Fire

Insurance

West Virginia Pulp & Paper,

7

(quart

6$ pfd, (quar.)

Wheeling & Lake Erie Ry.—
4% prior lien (quart
5Va% convertible preferred

3-1

2-15

30c

2-

1-19

10c

Westchester

2-1

SIVa

1:

1-19

2-15
,

2-1

-——

Whitaker

7%
White

Paper,

preferred
(S. St

Wisconsin

$1

(quar.)

common

(quar.)

2-

1

1-26

$1%

(quar,).—.

2-

1

1-26

4-1

$134

3-20

4-

$1

1

3-20

30c

2-13

1-29

30c

;

Dental Mfg. (quar.)
Life Insurance (s-aj.__!

Nat'l

$1

2-

;

Extra

York

Knitting

Mills, Ltd.,
1% 1st preferred (s-a)
I'/o 2nd preferred (s-a).;

Yuba,

Consolidated

Gold

common

-

(s-a)...

$20c

$114

1

1-15

6

2-

1-13

■

5C

1

we

give the dividends announced

weeks and not yet paid.
dends announced this

In

6
6

previous

The list does not include divi¬

week, these being given

in the

preceding table.

Pac.

:185ch

Name of

Abraham

Company

&

Straus, Inc. (increased)
Adams-Millis Corp.
Aluminium, Ltd., common (quar.)
6% pfd. (quar.) (payable in U. S. funds)
Amalgamated Sugar, 5% preferred (quart....

Share

Pavahie

Holders
of Rec

$1

1-25

25c

2-1

1-22

t$2

3-

1-16

5

2-17

$l'/a

3-1

2-10

12Vac

2- 1

1-16

Amerada

Petroleum

50c

1-30

1-15

American

Barge Line

15c

2-

1-18

American

Can

75c

2-15

Co.

Corp.

(quar.)

(quar.)




1

;

4- 1

,

1.

1-11

1

1-21*

1-30

Ry., 4%

Arizona

22-

1

pfd. (s-a)..

non-cum.

$ 1 la

——

,

1

I-1

2-1

Hudson: Gas

Central

National

1
1

1-27

2-1

20c
,

2-

1

2-

1

1-

$134

$13,4
45c

223-

1

de

Copper Corp—:—
Chain Store Real Estate Trust (Mass.)

$1

Pasco

1-15
2-20

1

2-1

:

1-22

)

Quarterly

Chefford

25c

Co.

Oil

Cotton

2-

1

———

6-

1

5-15

9-

1

8-16

$114

(Chicago)

12-

1

II-15

$1

,5% preferred (quar.)
City National Bank & Trust Co.

2-

1

1-20

—

...

$1
50C

City of New York Insurance Co. (irregular)
Tractor Co.
(irregular)—.

Coal,

7%

Willans

Cockshutt Plow

Gold

$4.25 preferred
Fuel

&

Gas

cum.

&

Cum.

6Ye

Commonwealth

&

(N.

Passumpsic

preferred

Co.

7Yo

(quar.):

(quar.)
pfd.

*

'

1

1-25

5-15

2-15

1-26

3-31

3-12

2-28

2-10

$ 114

2-15

1-20

$114

2-15

1-20

2-15

1-20

6834C

2-15

2-

2-

1-15

$1.62

Gear

1
1

2-

75c

2-15
2-

&

prior preferred
prior preferred
prior

preferred

Fire

$1.20

2-15

1

1

1-15
1-29
1-

1

1-22

1-25

1-15

$1.183/4

1-25

1-15

37 VaC

2-20

1-

1-30

1-23

$ 1 Va

4-

1

3-20

25c

4-

1

Pittsburgh (quar.)**
Louis (quar.)

$2

4-

1

40C

2-23

50c

2-

1

■;

15c'

2-

1

.1-20

(increased)—

9

...

(quar.)*—*

*—*

Corp.,

com.*

**——_—*—**

Phiia.

of

3-31

3-31
'

4-

37 VaC

2-27

1-20

3-15

1

37 VaC

7-

10-

1
1

6-15

1

37 VaC

1

'

9-15
:

1-20

preferred
Baking

Co.

Cable

Foods

Corp.,

Shoe

Corp

Fire

V

15C

;

$134''

1-15

2-

1-20

1

1-20

2-1
'

1-25

2-1.;,,
1-25

12-18

2-15

1-25
1-11

2-

1

$1

2-

1

1-

$ 114

2-

1

1-11

25c

1-30

1-15

(quar.)

8*

50C

3-

1

2-15

$114

2-

1

1-2

$112

:

1-25

"

1-

9

1

1-20

;50c

3-15

2-15

$ 114

3-15

2-15

25c

pfd.

2-1

40C

.

*—*

7%

1-15

;2-'i

$ 1 Va

;

Razor

Gotham Hosiery,

1-20.

35c

—,***v
Insurance*.—I—*

Marine

&

Safety

1-10

5c,

(quar.)—*

common

iquar.i*

1

75c

Co.;^;_—*—*_*;.;*.**——,

preferred

2-

,'

"

(quar.)*

(irregular)
7 Ye pfd. (accum.)—i_

Corp.,

1-15

87 VaC

—

pfd.

2-1

30q

(irreg.)*

com,

2-

2-1

20C

;—r

(quar.)
Co., S3 conv.

Electric

50C

is-a.i_—

(quar.)— __*

Co.

Industrial; Securities,

2-

t$2

1

1-21

$40c

,

22-

1

1-21

62 Va C

:

5-15

:

$1%

—,

2-

1-14

1

$3

3-

1

2-25

lc

2-

1

12-31

$134

2-

1

1-25

(quar.)
preferred (quar.) —
Hat Corp. of America, 6V2% pfd. (quar,)**
Haverhill Electric Co.
(irregular)

68%C

2-

1

1-15

6834c

2-

2

1-15

2-

1

45c

1-14

1-

7

(irregular)—
Hercules Powder Co., 6Y0 pfd. (quar.)——
Hershey Chocolate Corp., common (quar)—

15c

1-25

1-

4

$lVa

2-15

2-

4

Harris

Co.,

Electric

Times,

:

(quar.)

Light Co.

5V2Y0

Industries,

Hayes

preferred

7Yo

Hartford

Hartford

(s-a)*:

(s-a)—*——--*—-—

Mines

(A.)

Y.

Bank of N.

Grace National

Inc.

75c

1-14

1-25

2-15

$1

Hibbard,

Bartlett &

Spencer,

Monthly

2-15

1-25

$1

preferred—;—

2-15

1-25

Co.—
1-19

15c

—

2-

1

1-17

30c

(quar.)
—

1-29

30C

'—_

*———.——

Higgins Industries, 6Y0 preferred
Hires (Charles E.) Co.
(quar.)

3-

1

2-15

1-28

1-14

1-25

12-31

Hollinger Consolidated Gold Mines (monthly)
Holly Development (quar.)*——,
—

+5c

(quar.)*———

25c

2-

1

1-15

$134

2-

1

1-15

6()C

2-

1

1-15

20c

2-

1

1-15

25c

1-28

1-16

Holly Sugar Corp.,

common

7 9o

preferred
Insurance

Co.

lc

'

(quar.)—

Home

(s-a)

(N. Y.)

Horder's,
Hormel

(quar.)——

Inc.

(Geo.

A.)

common

*

__*„„*

(quar.)
7 r/i> non-cum. partic. preferred (quar.)***
Horn & Hardart
(reduced quar.)
——
Houston Light & Power, common (monthly)
7 Yo
preferred (quar.)
$6 preferred
(quar.)
Hummel-Ross Fibre, 6% preferred (quar.) —
Hydro-Electric Securities, 5 Yo pfd. B (s-a)_
Imperial Bank of Canada (auar.)
—
Indiana Associates Telephone, $5 pfd, (quar.)
Institutional Securities, Ltd.—
Group Shares————^—
Interchemical Corp., common
*

2-15

$1 3/4

3-

1

2-15

Inter-City Baking, Ltd.

$1%

2-

1

1-15

International

$114

2-

1

12-31

6 Yo

preferred

Stock
100

dividend,
shares

held

1

2-15

3-

1

2-

1

30c

2-

1

1-15

$134

2-

1

1-15

$1 Va

2-

1

1-15

'

$lVa

(irregular)***

3-

2-15
;

1-13

1

25c

2-

1

1-15
12-31

$$2
.

2-

1

$ 114

2-

1

1-11

2-

1

12-31

40c

$1 Va

(quar.)

Business

1-30

3-

45c

.0265c

Insurance

12-31

1-30

2-15

40c

;

;

2-15

834c

.

50c

$1V2

(quar.)—_*—--

preferred
(quar.)
Horn (A. C.) 6Y0 non-cum. pfd,
6Yo

1

—

1-30

25c

(quar.)

preferred

1

—

1-19

$2

1-15

Malting

&

2-

—

1-30

'

1-31

insurance

3-

(N. Y.)

1-16

$1

•'

.

(quar.)_*____*____._*
(quar.)—
(quar.)

$3

(quar.)_.

1-20

2-1

$ 1V2

20c

preferred

$3

—

1-30

1

Machinery

$114

—

1-18

$1.06 V4

1-25

35c

;

(accum.).—

6 Yo

Cigar Corp.
preferred (quar.)

preferred

1

2-16
6-

of

pfd. (quar.)
7 Yo pfd. (quai\)_

Consolidated Edison Co.

$5

2-

3-15

1-29

(Mt. Vernon, N. Y,)-~*

River RR., com, (s-a)-

Power,

Consolidated

6V2 Yo

(quar.)———

(s-a)

Connecticut River

2-10

$l'/2

——

(quar.)——*
Gas,

1-15

25c

conv. pfd. (quar.)_
Ohio Electric—

Edison

H.)

4-20,

1

$1.06 V4

—

series

Southern

1

2-

12 V2C

(quar.)——

Pictures, $2.75
&

125c

5-

2-25

Corp.—

preferred series A

preferred

13c

—

(s-a).
(quar.)__.

preference '(quar.)—

preferred 5Yp

6%

common

Corp.

Elec.

$134

(interim)

(quar.)
Iron

Cum.

Conn.

Mines

Co., Ltd., common

Colgate-Palmolive-Peet,

37 Vac

(accum.)—

pfd.

2-15

3-1

3-12

3-31

—.***—*.**

$4 convertible,

$114

—

Quarterly

6-16

1

25c

2-

(Hartford)

Bank

9-15

$ 114

preferred (quar.)———.—
preferred (quar.)——.

Concord

3-17

7-15

$114

preferred (quar.)

6V2Yo

4-15

10-15

Pacific Ry.~

& Texas

5%

5Yo

12-15

25c
....

Cincinnati New Orleans

Columbia

1-16*
12-15

25c

Quarterly
Quarterly

Cochenour

1-20

3-15

1

25C

(quar.)

;

2-27

4-

5c

1-20

1

3-15

70c

(s-a)_.

(N, Y.)

2-

7.2-4"

1-15

45c

(irregular"

6To

Grandview

$llla

Manufacturing——

Master

Chickasha

5%

20C

20c

Extra

Bank

1-16

1

—

Champion Paper & Fibre, common (quar.)„
6 7o
preferred (quar.)-7—.i.—...
Chase National

2-

1-28

60C

Goodyear Tire & Rubber Co., com. (irreg.)*
$5 convertible preferred
(quar.)——:**
Gordon & Belyea class A (quar.)
Class, B
(quar.)
;*—
——
Gosnold Mills7 5% prior preferred Ts-a)—**

8

"

Cerro

1-16

$21/2:

Semi-annually

/ 1-15.

1

1-30

(Syracuse,

$5 preferred (quar.)
Gimbel Bros., $6
preferred (quar.)**
Globe & Republic Insurance Co. of Amcr.—

&

$112

1-16

Wheeler Corp.—

Gillette

1-23

$114

6

1-30

25c

com.

Rubber

convertible

Gibraltar

12-31

(Cleveland)

Eank

pfd. (quar.)-*
Light (Mass.)-—
Gc/c '•■.preferred
(accum.) ..;-————.7
7% preferred (accum.)—7-—-'
Century Ribbon Mills, lc/o pfd. (quar.)——
Century Shares Trust (irregular;
—

1-

Mills, Inc. (quar. )****____****—*;; ;;
General Motors Corp., $5 preferred (quar.)

1-15

17c"'

Central New York Power, 5%

Bros.

$4.50

1-15

10c

1

25c

General

;

1-15

2-

Electric—*

&

Stores

Corp.

National

General
2-

$ 1 la

preferred

Dept.

Boston

General

12-28

77 $m

6

2-

8

4-

General

Light & Power—
(quar.) „..7.-_7;'77:_7.-7.7:-7

■

1-

,

1-20

General

1

2-

2%

2-

1

(quar.)*****—

Gardner-Denver

1-15

2-15

2-15

2-

$114

(quar.)

3-18

7 '*■'$3Va

1-15

1

14c

125c

pfd.

1

Fulton

:

12-28

...

'

1

1

3-15

4-

Froedtert Grain

"

—

(quar.)..—

1-

3-

'2-

1

20C

1-11

150c

1-25

$25C

*—

(quar.)

General

7" 1S114

$1 Va

4-

3c

Franklin

1-11,

2-1

2-15

1

'

2-27

2-

2-

$114
$2

1

6 7c

.,

150C

;

2-1

2-15

1

;

12-31

1

14C

(quar.)

Cos.

preferred

Columbus
When

2-

v

3-31

4

75c

Co., Inc.; (s-a)

8

137 Vac

(quar,)—

shares

Oil

Columbia

Per

2-

1-15

1

!,
,

1-16

1

4T

$3

*

Line
Gregg,

&

Wo
:"

12-19

2-15

1-15

1-29

2-

Foster

12-30

1-25
•

1-29

2-

25c

,$138

2-

60c

7 1-30

1-26

.

1-15

2-

Foote

1-30

2-15

1-29

130c

pfd. (quar.)

First National Bank of St.

1-30

2-15

1-25

1-15

$ 1 Va

Quarterly

1-15*

-

1

2-

2-

$2

Pipe
Coe

First National Bank

.

shares

Colorado

Below

1-16

2-15,

1$1 Va

(quar.)^7-—

Breweries, $3.40 pfd. (quar.)
Bronze, common (quar.)

Clinchfield

$$314

Fields

2-

1-25-,

2-

15C
50C

(quar.Lj.;**.

,

1-15

t$2

*

Associates

First National Bank

1-15

1

3-10';

(quar.)

Group

Firestone Tire &

,

"•

1-15

4-

2c";

$1

First

2-

1^29

2-

2-22

2-

r

12-17

$l3/4

"

Cleveland

2-

1-12

1

:120c

1-20

2-15

1

3-

1

2-

l-..*-

First

1-21

2-15

2-

$114

2-

$114

_

1-15

1-21

*53 Va

....

1-15

1-15

1

1

2-

1

2-

2

2-15

2-

1-28

$1

138c

--—

2-10

50c

2-23

1-15

2-1

$1.20

1-23

5

2-1

2-

20c

;

1

Bros., class B partic. pfd.
Young (Thomas) Nurseries (irregt

1

i-.$l

.

15c

'

Woolf

23-

(quar.)..

5Ye

'

—

■

1-20

614 Yo

(year-end)
4 la Yo
convertible, preferred (quar.) *—
.'Fibreboard Products, Wo prior pfd. (quar;)*
Fidelity & Deposit Co. of Md. (quar.)
Fidelity-Philadelphia Trust Co.
(quar.)
Fidelity Union Trust' (Newark, N. J.) (s-a.)
Field (Marshall) & Co. (quar.)—
"Filene's (Wm.) Sons Co., Common (quar.)**
434 Yo
preferred (quar.) ——*_*._„»*_*_

1-20

"2- 1

Central Power

1

United Corporation, $3 pfd. (accum.);——
Vertientes-Camaguay Sugar (irregular)-*;*-

$1

(N. Y.)

Wire, class A-_.__7._.___7_

Central

I

2-15

3- 5
.

3 2 Va c

SIVa

1

.7:4^;i7

■

Warren

&

(quar.)
Central Foundry Co. (initial)——

.

3-

'

——;•

2-

2-15

,

$6

$114

2-10

N. Y.)
(quar.)
——•—
Federal Bake Shops "(quar.)—_;*_***——— '

1-20

1

I25c

$6

2-13

(irregular;

Company, common '„*—**.
1st preferred (quart

1

2-

$1.8156

$7

Strawbridge & Clothier—"

Trane

2-

1

1

•

Farmers & Traders Life Insurance

1-16

7 25c

common.—.

1-

32-

7Yo pfd. (quar.)*—**.
Falstaff Brewing Corp., 6Yo preferred (s-a);

Faber

Telephone—
l$l'a

1-25

10C

'

Eureka

2-25

1

9

'

75c

62 VaC

common**

Share, $5

Eppens & Smith

2-27

2-

&

preferred

Federated

.

1

25c

Extra

9

3-10

.

175c

(irregular)...

preferred,7(quar.)

Central

5

25c

B

$6

1-15

1

3-15

50c

America, (quar.)

Packers

i, Canadian Southern Ry. (s-a)

1-21

1

%\\'a
prior preference A (quar.).;
Swan-Finch Oil Corp., common (irreg.)—
25c
: 6%.. preferred
.*'._—
.1;.—.—':
37 Vac
Swift & Co. (quar,,1)—
30c
Special *—;*—*— i—.7. — ,;30c
20c
Thompson (J. R.) Co. (irregular)
.7

class

5%

Canadian

5

3-

2-

15c.

Co.—

&

of

Columbia

Ordinary

1-29

Tube,

(A.)

& Co.,

Corp.

Columbia

Special

2-10

3-15

10c

2-

Stein

50c"lst preferred-

(S. F.)

British

Canadian

5

2-10

Standard

3-

2-

Canadian

1-21

1

$1 y%

r.v--

—

3-20

25c

Canadian

1-21

2-

10-15

$1

(quart

(quart

50c

.5%. preferred (quar.)
1
Converters, Ltd. (quar.)——;.
Investment Fund, Ltd.—
;

1-21
1-21

4-15

(irregular).

common

preferred

Equities

Roller

2-

de Nemours—

I.E. I.)

'^Employers

1-11

2-20

Pont

Electrib Bond

1-16

1

16c

Canadian

1

I

1-30
2-

50c

.

2-15

I

2

"

1-16

1-30

621aC

1-

'■

1-20

2-

$2

(interim)

Rockaway RR.' (s-a)

$4Va' preferred
(quar.)
Steel Products, Ltd.

1-21

1

2-

3»/4C

(quar.)

Eastern

1-15

2-

$1

—_

(quar.)

Du

1-15

1

1-25

"750
'

5'Jo
preferred (quar.)•
Duplan Corp., SYo preferred (quar.),

'

1-23

$l'/a :

—*—.**.•

(A. G.) & Bros., $1.50 pfd. (lrreg.)
preferred (irregular).:
—.*:—'

Sparks-Withington Co.,

Co.

2-

162 Vac

(quar.)..

r

2-

1-15

1

&

Chemical. Co.,

6

(quar,)__—
Bearing
—.7.77-—..—-.

31

2-1'

30c

.

(quart

j$l%
Simpson's, Ltd., 6V271 preferred, <accum.) —
Smith Agricultural Chemical, com. (irreg. .1* ''M 25C

>•

12

1-13

20c

(quar.)..;.—7^7

Canadian

1-15

35c '• ,7 2- 1
Haven) (quart—
1-15
preferred (quart—— S: -41*4 '
2-20
t3c
(initial)—»—*;

Sierra Pacific Power,

6'V

150C

-

5

1-22

(New

1-23

1-26

$134

Canadian Bank of Commerce

-■72-'i;

1-30

2-

..

25c.,

'■

2-5
2-

Water Co., V'/t

Senator-Rouyn,
•

2-15

2-15

1-23

.

(quar.)

...

20c

1-20

1$1 Va
pfd. (quar.) —
75C
California Electric Power; $3 pfd. (quar.)7.
37V2C
California Packing Corp., common (quar,)-.,
62 Vac
5% preferred (quar.)
5% preferred (quar.)^—;
';•: C2VaC
10c
Cailite Tungsten Corp. (irregular)—
115c
Canada Northern Power common
(quar.)..
Canada Starch, Ltd., 7% preferred (s-a) —
1$3 Va

1-26

50c

1-

Calgary Power Co., Ltd., 6%

'

'

.

1
1

1-30

25C

(quar.).x.^.'. 77

preferred (o.uart
2nd preferred
(quar,)—.-_7_-7~— 7-__^'

1-26

(quar.) _'

participating preferred (quart
Security First Nat'l Bank (Los Angt—

22-

40c

:^'

common

1st

1-12

$27

(quart

$2

Dover
Dow

1-16

1-20

tlOc

6

1-16
:

2-

(mohthlH--------

Oil Fields Co.'

,3- 1 ;

1

1-11

(quar.)***._*___*

Linoleum

&

2-

2-

(reduced);**

com.

3-15

2-

■

$2

(quar. I

Canada

3-18,
1-20

1

$114

A

Dominion Tar & C)iemical, 5 Va Yo

5

1-

50c

•

pfd, (quar.)

J-_1

Co., 7% preferred, represent¬
ing the quarterly dividend of $1.75 due
Feb. 1, 1943, and interest thereon—CadweiT Linen Mills, Ltd., com. (initial) —

1-20

..

...

2-

$114

5

3-31

,$1 %.
•

2-

2-

$114

-

(irregular)

Corp.,

of

;i- 4'.'

2-15

$2

____1

preferred

Bank

1-23

2-

37 Vic

.partid:1-pfd. (s-a)....

class A

Finance

'boniinguez

2-15

1.

Shares

Inc.

Co.,

cumulative

1-3C

1

$3 Va

(quar.)....

ordinary regis,

Dominion. .Oilcloth

.

Byers (A. M.)

2-15

2-

(quart —;*;•' '■'.%t$l% ■"

1

3-1

25c

Fund, Ltd.
Bullock's, Inc., common (extra)
5Ye preferred
(quar.)
7—
Bunte Brothers 57c preferred (quar.)— .....

1-15

1

1

■2-

425c'.:'

(quar.J-Ji?"

(s-a)

Bullock

2-15

62 'aC

(quart—,

St.' Paul Fire & Marine Ins. Co.

Quarterly
Security Insurance

1-25
3-

$2

■2-1 f;
vl-HU:

3-10

Shares,

Dominion

.

12-31

15c

_*;*_■—*————

(N. Yt

Co.,

Bronxville Trust Co.

1-13

1-25

75c

pfd.

Paper, class A

Bros.,

Brown Fence

1-22

1-18

(quart-——

Schumacher Wall Board Corp., com.

Sedalia

1

$6
2

Louis Screw & Bo.'t, common
:

2-

SIVi

3/10c

(annual)——'

(Pgh.)

convertible preferred

preferred

1

2-

•30c

—

Engineering—
preferred (quar.)—;**::4-,

Saguenay Power Co., 5Va 71
•

1-25

2-

50c

Rich's Inc.'. (quar.i*.—
'Rustless Iron & Steel, common

77'

2-1

$ 1 Va

.

Royalty Income Shares

St.

1-15

tquart

Reliance Life Insurance

$212

2-15

1-30

2-15

Fund, Inc.

•

&

convertible

'$5

.

class A

Co.,

3-15

2-

2-15

10c

15c

Broadway Department Stores,

2-15

25c

6'i preferred (monthly)
Quaker City Fire & Marine Insurance..,
Railway & Light Securities, common.,*—_r„ :
671
preferred A (quart

3-15

50c

*—

10c
■

6% 2nd preferred (quar)..—t—

2-15

$1.25

(quar.i**

3-15

1-15

'(s-a)——

Insurance

preferred

Match Co.; 6
Shoe Corp...

Domestic

1-15

1

(quar.)

British

2-15

SI.75

(quart

3-15 '

1

2-

2-15

4 43 %C

(quarj.i.^.a.,:*;....;

Insurance

Vortex

1-25

lc

common*.;*;.*.;

preferred

Dividend
Dixie

1-29

1-25

$2.00

:

—

inc.

B

Bowser

N. J.—-

(quart

&

Edison

Brewing
..

Portland

2-

7c

Bower

1-23

;

f$l%

—

8%

Inc.,

Distillers Co., Ltd.,

1-20

1

Boston

1-20

2-10

■' 75C

2-

$114

1-22

,

.

Distillers Corp.-Seagrams, Ltd.—
Wo pfd. (quar.) (payable in U. S. funds).

5

1-

'

preferred

Diamond

1-22

2-1

$1

.7.^^-77—,r

Inc
Ribbon Corp., 5%
preferred
Ami Co., class A (quar.)
:

Boston

5

t-2c

'v-

1

$6

Diamond

1-12

1

2-

(quart—-

Electric

Class

$2'/a

(accum.)——1———»*—*'■

Bon

6-30

$2Va

Peoria

Co.

preferred

$7

6-30

IOC

2-

40c

Blue

2-27,

(irregulart

Oil

Bloomingdale

25c

$ 1 Va
62 VaC

(quar.)

(quar.).

Co. : (quar.)__

Birtman

5-31

$3>/a

,*.

12-31

,

(monthly).

American

Bickford's,

2-27

$3Va

1preferred A (s-a)—-———;**-*;*:•
7 V preferred B (s-a).—'——

.

1-29

1

75c !1

1-20

1

40c

is-ai

common

(s-a)'

2-

$lVa

(quart———-—:>**L;*——

preferred

pfd.

Benson & Hedges, $2 convertible
•;'Best, &

1-20

.

preference

Bathurst Power

,1-30

$1%

2

2-

(quar.)—

Bayside National Bank

1-30

2-15

37 Vac

5V2V0

Barnsdall

1-30

.
,

34%c

—

Pacific
$6

2-15

,

3-

$2 Va

1

65c

common__*_*___„*

(irregular)**.
Derby Oil & Refining Corp.; $4 pfd. (accum.)
Detroit Gasket &; Manufacturing (quar,)

1-15

1-20

2-

:_»^*

Rorster,

&

Deposited

'

1-30

2-15

:50c

,

•*—,——

5%

preferred (quar.)*———;*•—** ■■■
Power & Light, I'M pfd. (quar.);*—;

6'c

1-19

—-

Co

1-18

31V4C

—

——u—.7..;
Bangor Hydro-Electric (quar.)

1-21 •;

.

oh2 Yo preferred (quar.)

'

2-

2-1,

1-27

;,

1-30

$1 Va

(s-a)

'

Corp.—

i-: Extra

5'f'

2-15

20c

30c

1-18

1

60c

7% pfd. (quar.)*;.**
(quar,)....
Davenport Water, 5% pfd. (quar.
Dennison Mfg., 8% debenture (quar.)
;
8Ye convertible prior preferred (quar.) „_1"'

1-20

1

Refining Co., i% pfd. A (quar.).i.
5% conv.,pfd.-(quar.)...
Proprietary—7

Baltimore

.

-:

35c

-v

Rayon

Avondale Mills

7 1-25

1

1-30

>

Refining,

(quar.)

41/a Yo
*

1-20

2-

common..

preferred

.

7

(quart1

Trust—-—

Electric,

■

.

,

Oswego Falls Corp. lquar,)————————

15c

1-15

2-

'

Dallas Power & Light,

'

Ault & Wiborg.

'

(2-1^;

Crum

1-15

1

2-15

4',

Trust

'

Cuneo'Press,

1-12

2-

$l3i
;

—.

1
1

2-

60c

Atlas Powder Co.»

1-28

1

preferred

•Atlantic

3-10

4-1
2-

2-

1-15

12 VaC
&

pfd. (s-a)*
Drug Co., 7Yo preferred (quar.)**..

Crown

1-20

1-30

2-

1

Crowell-Collier Publishing, 7Ye

1-20

$1V8 v'

1-

2-

$2

Products

Milling

1-20

1-30

2

$1%

Cresson Consolidated Gold Minixrg &

6-19

1-30

1- 4

2-

Exchange Bank & Trust Co.. (N. Y.) —

Corn
,

6-19

6

2

37 Vac

Quarterly

1-18

7-

$683/4C

'
(quar.)_..__—.7.—..;

$2.50 prior preference

2-26

87Vac

1-18

i

7-6

$114

Fund, (s-a)

non-cumulative

Atlantic

3-10

22 Vac

7.

1

-15c

(quar.)...

.Atlantic City Electric, 6 %

1-25

25c

Insurance ; (s-a)—

ColOny Investment

$1.25

5%

2-19

$1.50

Ohio

•

«*»

class ; AA (accum
Occidental Insurance Co. (S. Ft

1

2-

Corn

5*

$lVa

—

7 Atchison Topeka & Santa Fe,

$10

preferred (quar.)

.2-

Bank

2-

(Chicago)

lr22
1-

Nat'l

Vac

'

5

Telephone Co., Ltd.—

'

2-26

$10

„—*

'

Noyes

2-71

40c

$6 preferred B (accum.),—
*_*,*—*;'
North River Insurance (quart——— '
Nor walk Tire & Rubber, 7'/i> preferred (quart

7

(quar.)

pfd. (quar.)
Appleton Co., common (irregular)
7% convertible preferred (final)_„_,—

"

Corp.-—

1

2-2

$2.25

(initial)——

com.

'2-

75C

Appalachian Electric Pwr., 4V2V0

Associated

1-21

Co. ;(s-a)*-*_——,

Insurance

American

Co.,

2-

50c

•

Continental-Illinois

4-14

3

10c

1-18

$ 1 3/4

New Brunswick Fire Insurance

4-15

of Rez.

37

*

1-15

3-

$1V4

common-—.,

7-31

$2

——

preferred

6%

Co.,

1

30c

Corp.,

Associated Insurance

1-30

S1V4

2-

Holders

Class B
(quar.)
Consolidated Laundries Corp.—
$7.50 preferred (quar.)
Consolidated Oil Corporation (quar.)

1-16*
1-15

$1 Vu

Anglo-Canadian Telephone, 5 V2 % pfd. (quart
.

.
'

preferred

preferred

$5

,

2-15
1-19

,

1

1

.

2,-10

1

3-: 1

2*1

2-

2-

$2

Refining,, com, (year-end).

Anchor Post Fence

8

50c

preferred (quar.)—
Amoskeag Co,, common (s-a)
$4.50 preferred
(s-a)—__—7—

•

(s-a)

common

3-

,15c
1

'(s-a)—**—*_•;*;;**''

preferred

Neptune

r

Viscose

2-

(Chicago)-^

(quar.)

Sugar

1-20

1

W?ien

Payable

Consolidated Chemical Industries, Inc.—
$1.50 partic. pfd. class A
(quar.)***.

20c

Refining—

&

Per

share

Name of Company

1

30c

57o

6%

25c

Co._——

National, Oats

North

Stove

American

1-23

$1V*

......—.

Smelting

2-

2-15

37 VaC

Bank & Trust Co.

American

1-23

I 25C >

(quar.)-._'___i——'

preferred

Nat'l

3-

3-15

,

50c

(s-ai_

(quar.)...

Semi-annually

1-15

■

of Reo.

'.'$1

,

(quar.)....

American

6c

(rquar.).r_^->-£—^ 1

preferred

American

1

2- '1

50c

Favdbl♦

337

Holders

share

,

..

Light & Traction, com.

American

25c

■

5%

2- 3

$$1V4

(quar,)**;*—

preferred

convertible

'

5%

3-

2-15

40c

'

.

3-12

75c

Co.--—---—-v.—...
Fibres—

National Bearing Metals
7 r/n.

6v!o

50c

,

Lines, 5ft> preferred (qUar.)
Products
(monthly 1

Home

American

1-20

1

Automotive

National

6%

2-

American

$1%

of Nova Scotia (quart —
Nashua Mfg. Co.
(irregular) __**•:
*——
Nation-Wide Securities Co. (Colo i, series B*
Acme

American Export

7

2-

•

Mortgage Corp.

\

1-

2-18

50c

■

National

1-15

35c

Company

(quar.)-,-—
American Equitable Assurance (N. Y.)

1

t55VaC

Porcupine Mines (quar.)**—*****
Quarterly
—**_**___j
—
McNeel Marble Co., 6 V 1st preferred (quar.)
Midwest Piping & Supply (irregular)**—**
Mid-West Rubber Reclaiming
iquar.)*,
Miller & Hart, $1 prior pfd. (irregular) —*
Minneapolis-Moline Power Implement-—
$6.50 convertible preferred (accum.)——*
Moody's Investors Service—
$3 participating preferred (quar.)**—
:
korris Plan Bank of Cleveland (quar.)**—
Morris Plan Co, of Rhode Island (quarts;

3-

Chicle Co.

American

.•

t55V2c

Mclntyre

When

Holders

Per

share

Name of Company

I",

Per

—

t$l

2-1

,

1-21

1

1-21

1-30

1-20

1-28

1-14

2-

Machine—

five

shares

for

eaqh
-—

THE COMMERCIAL & FINANCIAL CHRONICLE

338

Machine

International

•

preference
(ficcum.)—
6
preference A (accum.l
International Nickel of Canada—
6'c

Preferred

1-15

.

5(v.

.

1-

2

2-

$1.75
8%c

——
——,

1

1

1-

2

2-

87V2C

prior

Interstate

& Furnace

Kalazamoo Stove

2-

1
1

1-

1-30

Kokomo Water Works.

6pfd.

3-

Tire-

&

.Lehigh. Portland

Corp

2-

Y.)

,

1-25

Extra

Biscuit

(Del;)—

Louisville Gas & Electric
Class

B

Louisville Gas

Electric

&

&

&

Elec.,

1-

1-26

4

4-

1

3-13

2-

1

1-20

2-1

1-21

l;

1-20

2-

1-22

2-

1

5Yo

2-

1

2-

1

1-

1

9

6(4

1-27

12-15

50c

1-25

12-31

2-15

2-

Class

5-

5

8-14

8-

6Y0

5

11-

5

preferred

$3

McCall

Corp.

(quar,)_

(accum.)—
(quar.)—

Electric

McLellan

Class

Co.,

pfd.

(quar.)
quar.)——

common

2-1

1-15

1

1-15

2-

1

Insurance

1

40c

1-31

.

G'i

.

$1

1-30
1-20

Monroe

Moore

Drop Forging—
non-cumulative A

6-20

8

Silbak

1-U

1

Silex

2-

1

1-15

National

2-

1

1-20

50c

Battery Co.—————— ——
National Blvd. Bank of Chicago (quar;)——

$1
(reduced)——
10c
National City Bank of New York (s-a)——
5Gc>
National City Lines .Class A (quar,)——
50c
$3 conv. preferred (quar.)
—75c
National Distillers Products (quar.)———50c
National Electric Welding Machine (quar.) „ ;
2c
National Chemical

&

Mfg.

Quarterly,

preferred B

64

National Liberty Insur,
—

Co. of Amer.

(quar,).
(s-a)'

—

National Power & Light, $6 preferred

1-11

2-

5 Yt<

1-16

2-1

1

(quar.)

2-1

1-22

5-

1

4-21

•;■•

8-

2

(Washington, IX C.)
National
Neisner

Tea

Bros.

(quar.)———-

Co., .5(4'ft

pfd,

4%^

Inc.

10-30
1

.Extra

New

Co.

$10
$5

(irregular)

Co., 5% A pfd.

(J. J.)

Newberry Realty

15c
$1(4

(quar.)

2-15
2-22
2-

1-30
1-22
1-20

1
r

2-1

50C

58 VnC

2-

•

1

1-20
1-20

.

r

2- 1

15c

(quar.)

1

1-21

1

2-

1

2-

■

;

1

1*15

.

2-15

<quar;r___
/.

1

1-15

3-

1

1-30

2-15

2-

2-20

1

2-

1
1

10c

2-

1

1-19

50c

2-

1

1*15

50C

3*

1

2-15

50c

4-

53c

2-

1

53c

3-

1

53C

4-

1

58MiC

.2-

1

1-15

58'/3C

3-

1

2-15

58'/3C

4-

1

3-15

.•

.

20C

fquar.)

2-

States

1-21

1-27

1-5

2-10

1-30

3-1

2-15

3714c
30c
30c

,

3-

1

,

1-20
1*20

2-

I

2-15

6-15

5-15

9-15

1

3-10

40C

3-10

2-25
5-25

$1%,
$1

:
.

..

6-10

4-15
7-15.

7-2

2-1

1-12

$1% '

3-

4-

.

2

2-20

1

3.74C

1

1-16

5-

1

.4-1.7

37 4c

,

2-

37.4 c

8-

2

7-17

3-20

3-10

"

$14

:

r$l%

4-20

374 c

......

2-

4-10

1

v

1-15

$1%

2-10
3-

1

2-15

$14

6*

1

$24

6-

1

5-15

2-27

2-

2-

1

1-15

2-

1

$5

2*13

1*25

,

$1%

preferred
(quar,).;..,

preferred

Co.

•

5-15

$1%.

5-29

8-31

10c

8-15

3-

■'81%'

(quar,)..:

5-14

.

2-15

1

$14

,

—....

.

.2-15

$1%

2-15

1-18

2*

1

1*15

2* 1

1-15

1

1-U

50c

2-1

1-20

50c
r

(s-a)...:.:—

2-

1-18

2-

.

1-20

1

"20C

1*30

1-15

$14

2- 1

1-15

$14

2* 1

1-15

$14

2-

1

1-15

1st preferred (accumulated).—
Woolwor'th IF. W.). Co. (quar.)—,

$1% /

2*

1

1-15

40c

3*

1

2-10

3-

1

2-20

$6 preferred

Si Co.,

Electric

(accumulated)

—

Power—

74

8-1.4

64

preferred

4

,

5-1

t20c

•

.

4-20

3* 1

50c
10c

4 '

►12*18

2*

1

1-1$

20C

2-.1

1-15

$374c

(quar.);::.—.

1-23

)

2-1
2-

1

„

2* 1

1*15

Service—*
2-

$1%

t

1-20

.

.2-20

10c

;

1-30

*Transfer books pot' closed for this dividend.;
tOn account

'

& Sons—

preferred series A

of

accumulated

tPayable

(quar.)———

$1(4

■

2- 1:

resident

/ 1-15

dividends.

.(.

'

1;

*'

/

"

^

Canadianfunds, tax deduetilxlo at the -source. Non¬
15^v;resident, tax; ,2%, < a Less British income tax.

in,

tax,

,

2* 1

EXCHANGE

CERTIFIED

RATES

1-15
1*

,

.

FOREIGN

1-18

FEDERAL .RESERVE BANK

BY
JAN.

15 TO JAN.

1

21,

1943,

TO TREASURY-UNDER TARIFF

INCLUSIVE

•

ACT OF

1930

•

•

w

:■

:

•

1

i.

1-

3-

1

2-16

2-

1

1-16

2-

1

1-16

2*

Country and Monetary Unit

1-20

2*1

Noon Buying Rate for'Cable Transfers in
/
Value in United States Money

■

New York

j

(J. J.)—

6fo

$1(4
$1%

preferred series B (quar.)_,
preferred series A (quar.)
—;
Newport News Shipbuilding & Dry Dock—$5 convertible preferred (quar.)
iNorfolk & Western Ry. Co.—
\
4 fa adj. preferred (quar.)—
——«
6(4 %

Jan.15

2*

1

.

2-19

—$1(4

■

.

2- 1

*

1-15

1-25

12-31

1-25

.237044*

'

.237044*
v

Off/ciaL-*****:

1-23

1

'

.237044*

1-30

2-

.297733*

12-31

;

Jan; 19

Jan.21

Jan. 20

.297733*

-

,237044*

.297733*

.237044*

;

.297733*
.237044*

,

pound—
3.228000

Fretf

Nonna Hoffman Bearings Corp.—
1%
preferred (quar.)

Jan,18

.297733*

'

1-15

Austrafia,
$1

Jan, 16

.297733*

'$

Argentina, peso*—
Official*^

•.

$1(4

•

Brazil, cruzeiro—

'

3.228000

3.228000
•

'

3.228000

3.215033,

;

3.215033.

.060586*

.060586*

'

.060586*

.051275*

.051275*

"

.051275**

.909090

3.215033

.909090

3.228000

3.215033

.

3,228000

■3.215033-

•

3.215033

,
"

Northern
$1.50

Illinois

Corp.

convertible

common

preferred

Northern Ontario Power,
•

69c

preferred

—

(quar.)

Northern Pacific. Ry

Northern RR.

(quar.)——^

common.,

of

N.

(resumed).
H.

——

:

(quar.)

—

Northwest

Engineering Co
Norwalk Tire & Rubber, common
Nu-Enamel

Corp.

Nunn-Bush Shoe

99c
Ohio

preferred

6'</
5(</

Co.

(quar.)

preferred
preferred

Okonite

—

pfd.

(monthly)

(monthly)
(monthly).

—

preferred (quar.)
Co.

—

(quar.)

;6'/c

common

2nd preferred

(irregular)
(quar.).




r;

—

1-15
3-22

1-15

1-30

1-15

2-

1

1-20

50c

.051275*

;

Official

*

Free_._,

1-14

1

$1(4
$1(2

Free

1-15

2-

060586*
'

.060586*

-

.060586*

.051275*

.051275*

.909090

.909090

Canada, dollar—

1- 4

1-30

$1(4

—.

.

Co.,

1

1-30
2-1

3-31

58 (be
50c
41 %c
$1%

Extra

Outlet

2*

Official

1-15

$1(4

(quar.)

common

2-1

7(4c
20c

(resumed)

(quar.)

Public Service, 7%

5(4%

25c
37(4c
12(40
$1(4
$1
$1(4
50c
20c

.909090
'

.900000

Colombia, peso
England, pound sterling—
■

.900000

"

.
.

.909090

.

.899017.

.572200*

.899732

.899921

,572200*

.900000

.572200*

.572200*

Official

.572200*

,572200*

4.035000

4.035000

4.035000

4.035000

4.035000

4.035000

4,035000

4.035000

4.035000

4.035000

4.035000

.301215

.-301215

.301215

.301215

.301215

.301215

.205725

.205725

.205725

.205725

.205725

.205725

"

2-

1

2-

1

2-

1

1-20

1-20

1-15

2-1
2-

1-20
.

1

1-15

Free

;

India

(British), rupee
Mexico, peso
Newfoundland, dollar—
Official

;

:

.

.

.909090

.909090

;

.909090

.909090

•

'.909090

.90909b

'

Free

.897500

Uruguay,

fh'75f)0

3,'.«7933

3.980000

3,990000

3.980000

.897500

3.227833

3.227833

3.980000

3.980000

3.980000

.896458

3.227833

•

.897291

3.227833

.887500

3.227833

New Zealand, pound
Union of South Africa, pound

'

•

peso—

Controlled

*

1-25

1-

1

Noncontrolled

1-25

1-

1

"Nominal

rate.

,

'

50c

Pursuant to the requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for Cable transfers in the different countries "of the
world.
We give below a record for the week juSt passed: :
:
•
)
:
\
/

1

,

1-25

$14

.:

2-10

$14

...

Wrigley (Wm.) Co., common (bi-monthly)
Common (bi-monthly.)'
Wurlitzer (Rudolph) Co.,' common
Zeller's, Ltd., common (quar.)......
.' Extra'

1-1$

3-15

$1(4
$1(4
$1(4

1-15*

4-

40c

7%

Wisconsin

;

•

1

6Yc pfd. {1897 series) (quar.)—
Wisconsin Public. Service," 5 4 pfd. (quar.)
Wood (Alexander & James), Ltd.—

2-15

2-15

1

2-

$!'/<

Grape Juice,..74

Wilson

2-15

2-15

1-20
1-15*

2-

25C

(resumed).

prior preferred \(quar.I—.'
$4 convertible preferred (accumulated).:— :

.

2-15

3-1

.

1
1

class A

preferred

Willimantic

2-15

3-

3-

1-18

1

2-

25C

$2.

1-21

1-25

25c,

;

:

.West Point,Mfg. Co. (quarr)
90c
•
; Weston. (George.f, Ltd., 54 : pfd. (quax;).;—
',$$14
Wcstvaco, Chlorine,, $4% preferred (quar.)..
$14
White Sewing Machines— ' .;•
''
■'/•/ ',' •' /'4-

"

f4C

1-20
3r20

1-27

68%C

;

(quar.).;
(quar,).*

preferred

■74

1-15

1-27

3-15,

Sugar Corp.—>

West Penn Electric,. 64

1-25

1

1-15 '
2-15

.4-10.

80C

preferred (quar.)—
preferred' (quar.).:..—
74 preferred (quar,)—
'
Wellman Engineering Co." (irregular);...—.

,'

1-19.

I

2-

3-15

.

2-15

$2'/a

;

Alcohol '(quar.)

Leather CO,,

Welch

1-20*

2-25

1-19

''

1-20*

2-

9

1

2-

'

7 Yc

$5

2-10,

1

1-30
1-15

.

(quar.)
(quar.)......
$4.50
preferred ■ (quar.) —:
Washington Ry. & Elec.,'5% pfd. (quar;)..V
.'v:./5tV preferred'iquar.)•'
5.4
preferred ' (s-a

2-15

2-

1-30
1-

2-15

+38C

;

15c

Co., common
preferred (quar.)
Washington Gas Light CO., common

2-5

3-1

$1(4

—

Class A

Service

Industrial

6'4

1-23

1-20

•

2-10

.

•

$5

.

1-28

*

115c

,

25c

participating conv. pfd. A (quar.)—;
participating conv. pfd. A (quar.);—
prefex'red iquar.)n.;.—
$5 preferred (quar.)—....
Universal Leaf Tobacco, common (quar.).;;
Valley Mould & Iroxt,: $5.50 prior pref. (quaxv)5
Virginian Railway, 6(4. preferred (quar.)::;

1-15

2-

;

2-15

6,i'i

3

1-20

,

$1%

6.44;

,

1-21

1-25

1-18

1

2-15

(quar.)..

;

Public

United

1-21

2-

S,

U. S.

1-15

2-19
2-1

2-

2()C

$l'/a

-

1-15

1-30

•

25C

1-15

2-

U,

1-15

1

25c
62M,c
,

25c

(s-a)-

2- 1

2-15

2-

"
•

1—

York Merchandise

Newberry

•

90c

1-15

2-15

$1
133,4C

—

'

10-20

(quar.)-

(.s-a)-_

New England Trust Co.

,

(quar.)

preferred

Public

1-19

7-23

National Savings & Trust Co.—

,

22-

(quar.)s————' $1.20:

preferred.;

1-19

1

1-15

(quar.)*_.l_——

non-cumulative,

2c"

.

2-10

6(4 Yo preferred (quar.).._____________„.
Sovereign Investors, Inc.———

1-16
1-15*

.

preferred

Southwestern

1-16

1

:2r 1

1

t23c

Southern Railway Co., 5((r non-cum. pfd...^
5% non-curaulative, preferred———

3-24

■

2

2-

4.8(4

1-8

1

2-

tlOc

41 %c

Corp. (liquidating)..
U. S. Hoffman Machinery— 1
.■
,5%Y" convertible preferred (quar.).

1-25.

2*

87(4c

(quar.)

Southern Indiana Gas & Elec.—

Squibb (E. R.)

2C
$1(4
10c
10c
$1(4

—'

————

National Lead Co.,
/ Extra

:

—

..

4-': 1
2-

2-15

$1

(quar.)i

preferred

2c

-/'i

'"'..Quarterly,.
'Quarterly

•

1-20

/1-15

2-1

2nd

1
2-

$!Va'

•

.

.'United

1-25

(qxxar.)—30c
' 1 $1(4
Southern California Edison Co., Ltd;—
' \
Common
(quar.)
•—.-Ji.—37(40
Southern Canada Power, common (qdar.)—
• $20c'

,

.

convertible

6%

2-15

3

1-11

2-15

2-15

;

Greyhound Lines, com; (quar.)
non-cumulative preferred (quar.)*.—

6%

1-15

2-1

""2-,

2-1

1

Mines
(quaxv).—•
(quar.)— j..'.

preferred
preferred

12-17

$1%

.

(xiionthly).

(New York)

'trntted N.. J, RR. & Canal

1-11

$35c
t$l%

common..

convertible

pfd.

6(4

/

,

G%

1-15

2-1

.

Premier

Company

1-22

2* 1

;$i»/4'

Tool, class A (quar.).

2-20

—

Canada,

1-15
'

2-/1

tic

California

1-15

...

GYo

1-1S

1

of

1-15

1-29'

•'

4-15

"25c

Southeastexm

1-20

2-

5-

Oil of

1

(quar.)
Power (quar.)—

Co.

1-11

1

1-29

50C

•

.

(quar.)..".

1

Strapping, common, (quar,).*

$2.50 preferred

1-20

1-30

.

Williams

Signode Steel

12-31

2-

/

Co.

&

1-15

2-

preferred

3-

$3.50 preference A

Shawinigan Water

1-15

3-

(John)

4-15

2-

-

•

Iquar.).—
prefeiwed (quar.).

Shexnvin

■

(quar.)—
:
(quar.)—*
—
Morris (Philip) & Co., 4(4 Yo pfd. (quar.)— —
Morrell

5-

Corp.

2-

._„._•

—

1-ll
2-15

2*

20c

1

3-15

374 c

(xnonthly)...

.64 preferred
.Vulcan Detinning

(quar.)
—
Mills; common (quar.i.

(quar,)

2-

13c

(monthly)

13c
$15c
i$l(4
$1%
-$$2(4
•; ,$,1.05
: ;; 25C

——

Co.—

Sharp & Dohme,

1-15

$1(4
25c
$1.06(4
4(4 Yc preferred
(quar.)-^——$1(4.
Mount Diablo Oil Min. & Developmt, (quar.)
lc
Munising Paper, 5 Yo 1st pfd; (quar.)——.
25c
Karragansett Electric 4(4/4 pfd. (quar.)—,.
50(4c
National Bank of Detroit (s-a)-.——.
50c
6(4

•

Flour

preferx-ed
preferred

37%c

(quar.)—

common

preferred

$4(4

6

1-30

Faper

S4

6

2-1

1-15

.

.

preferred

Scott

6

1-15

2

2-

——5c.

Loan-society, class A—

Montana Power Co., $6 pfd. (quar.)—$1(4
Montreal Light, Heat & Power (quar.)——
$38c

,

2-

$ 1 (4

preferred

conv,

1'Y

.

.1-

Co.

Shops,

Lawrence

St.

1-21
1-20

15c

,

(quar.).,

(quax*,)—
—
conxmoxx
(quar,)—

Paper

Rutland & Whitehall RR

.

1-

Paper

preferred

&

preferred

Saco-Lowell

1-15

1-

Light

1-14

.

1

Co.—

(quar.)
Roos Brothers,1. Inc. $6,50 preferred (quar.)
Royal Bank of Canada (quar.)—.—C——

1-15

1-

2-

15c
.

,

■'

convertible

Rolland

2-1.;

2-15

130c

2-; 1
(quar.)
—
50c
2-1
5Yc preferred (quar.)—~———
$1(4-.'
2-15
Mercantile Stores, Vfe preferred iquar.)——
$1%
2-1
Merchants Si Mfrs. Insurance (N. Y.)
(s-a)
20c
7- 8
Merchants Nat'l, Bank of Chicago (s-a).
$3.
2- 1
Michigan Bakeries common
(irregular)-15c
2- 1
$1 non-cumul. prior preferred quar,)——
25c
2- 1
7*4
preferred (quar.)———a——\
$1^4
1-29
Mill City Petroleum, Ltd. (interim)-—13c
2-1
Mine Hill & Schuylkill Haven RR. (s-a)—„
St
:. 2-1
Mississippi Power & Light, $6 pfd. (quar.)—
$1(2
2-1
Moline Pressed Steel, class A partic, (quar.)
-?(4c ,
common

2-11

1-20

2-'

15c

Rockland

1-20
'

1

'

$1(4

$1.50

1-25

2-15

2-" 1

,2-

$1

Co.

Button

2-15

"$lJ/8 '

(Del.)—
:
prior, preferred (monthly)
6(4 prior, preferred .(monthly):..;....*.^. ',/ 6(4 prior: preferred (monthly)
6.36YY' preferred, (monthly)*..
J.....;.;;"
6,36(4 preferred (monthly).*.
6.36(4 preferred (monthly)
7(4 prior'preferred (monthly)
7'Yc prior preferred (monthly)
'
7(4
prior preferred (monthly)
United Nat'l Bank of Long Island (Forest ~
Kills, N. Y.)
(quar;)__;__
'

1-20"

50c1
—

1

(interim)

United Light & Railways Co,

,

10-20
1

50c

(quar.)—___

Y,

Ltd,

Mines,

Class B.

.•'

4-20

35c

(quar,)

,u—

1-20

3-

(acctun.).

Co.;. 5 ''<<

.United Drill &

12-18

1

2-

(quar.).*.

Rochester

1-25

1-30

N.

Edison

United Corps.,' Ltd.,

1

31 (4c
37(4c

.

...

•

2-;l

•

"

Union

1-26

1-27.

35c

,

——,

of

Riverside Cement 'Co,,. $6-1st pfd.

1-21

$1(4
37(40

$2 pfd,

(quar.)
Dry Goods

1-20

2-

2-25

II-

Roan Antelope Copper Mines, Ltd.~
American shares for ord. reg.
(interim).

1-15

1

2-

participating

Distilleries, Ltd., 6'4

1

2-

1-30

—

preferred iquar.)
——————
Meadville Telephone (quar.)
—-—,
."
preferred (quar,.)
Melville Shoe Corp.

12-31

2-

$3.
$1(4.
25c
35c
$1(4
25c

—,

6'h

Melchers

A

Service

7

1-22

120c

.-

Tung-Sal Lamp .Works, 80c pref. (quar.)_
Union. Electric po. (Mo.), $4,50 pfd. (quar.)

.

1-15

5-

15c

—_i————

Public

Rike-Kumler

..

————

(reduced

Co.

Stores

(quar.)

Extra

McCrory Stores Corp., 5Yc
McGraw

B

Rice-Stix

Marshall Field & Co.—

1st preferred

2-1

15c

...

Tobacco,'common (quar.)—

Richmond

1-30

2-10

.

,

Mfg. Co., 5(4 preferred iquar.).
preferred (quar.)...———

Rhode Island

'

11-15

(R. J.)

50c-

1-

1-7
.

$1

(quar.)

Miixes.*..;

Traxxsamerica

1

15c

;—...—i——

Rheem

5

5-15

,

/

(quar.)—:

Reynolds

2-

25c

,

(quar.)—

preferred B

6(4

•

Vic

1-15

15c

preferred B

1

A preferred' (quar.)

Trade Bank & Trust Co,

1-20

2-27

...———25c

preferred A (quar.).__
preferred A (quar.)

preferred

Consolidated

Gold

Toledo

1-20

2-15

Copper & Brass, 7(4 pfd. (quar.).
$1%
■5(4'/« preferred (quar,')^ii_—$1.31(4:

1-15

.

,Toburn

1,-20

$2(4

.

(quar,) ^4—.—.—.;

:

1

Ray Drug, ;common

$5

20c
$2(4

——

1

2-1

Revere

1-15

2-1
2-1

—— —

$6

(s-a)_.

Concrete Pile
.

(irregular)
(s-a)—_—

6(^

25c

—

See Field (Marshall) & Co,
,
Massawippi Valley RR. (s-a)—————

preferred

6(4

1-23*

1

,

1-15

2-1

25c

(quar.).

5'in

6Yr>

1-23

2-1
2-

1

2-

,2-

'

preferred (quar.)—
—i. '■
75c
Reading Co., common (quar.)—...25c
Reliance Mfg. Co.
(111.) - (irregular)——.
30c
Republic Investors Fund, common
:
5c:

1-23

2-

preferred

Extra

1-15

5Qc
15c
10c
25c

,

2-15
1-25

2-

$3

3-15

1

Co.

Corp. of America, common

Packing Co.,

Raymond

5

2-

3-1

2-15
12-31

2-

I75C

'37%C

...

;

$10

,

1

.

•1

1-11

2-15
2-15

(quar.)—...—50c

3- 5
1-29

2-

■

:L

(irregular).
preferred
(quur.)'._.l._....„_^
Superior Oil' of' California. (irregular)
Tacony-Palmyra Bridge, 5(4 pfd. (quar;).;.'
Tcck-Hughcs Gold Mines,'Ltd. (interim)____
.Texas Power «& Light, 1'sY pfd. .(quar.l.
6/4
preferred (quar.).;
.....'
Thatcher Mfg. Co., $3.60" preferred (quar.) .".'

1-11

2-1

:

$15c

preferred

3-15

175c

6 Yt

4-10

2-1
3-1
"3-1

partic.

Oil, 4(4(4

,,Sun

3-15

2*1''

2nd

$4
Suxi

3-3

4-15

75c

A

Sullivan
.

1-15

■
•

•4.*' 11

(<;75c

preferred (accum.) ————
Corp. of. Colorado—-

Quebec Power

1-20

2-1

.

Maytag Co.,

2nd

Radio

,

,,

Co.

1

4- 1

...

6'v pfd. (quar.i5(4'4. pfd, tquar.).

Light,

Gas

(quar.)

2-

■

65c.

-

of Canada, common (interim)..

Gamble

&

•.

,

......

2-1

preferi-ed' (quar.).'....

2-19

2-15

31V4C

...

1

3*

60c

3-■1

1

Suburban Electric Securities—

1-11
1-11
1-20

2-1

,

$1'4
,$1.31(4
Magnin (I.) Co., 6'e preferred (quar.i
$1(4
6"o
preferred (quar.)
SlVa
6'4 preferred (quar.)
•
$1(4
&Yc preferred '(quar.).—-——
——.
:
$1'4
Marathon Paper Mills Common————i,—
50c
Power

Louisiana

Luzerne Co.

<

preferred ' (monthly)4i%c
6 r'c
preferred (monthly)—
•••60c
7'ft- preferred (quar,)———.:—r.—..
58Vac
Public Service Corp. of N. J.—
'
6':'c
preferred (monthly)
50c
Quaker Oats Co., 6 9c preferred (quar.)
$1(4
Quarterly Income Shares
'
13o

1-14

,—,—_

12-31

5 ''o

•

1

,

.

(Ky.)

Co.

(increased) —

Common

•

2-

1———i-v;,'

(quar.)

$5

1-15

2-

4-

————

1-25
2- 1

Public Service

1-15

1

25c
30c
$1.10
$1%'
2(4'C-.

3- .1

12-30

1

3-15

40c

....

Works, 5'k preferred (quar.)
of Canada, Ltd., common (quar.)

Class

Propper-McCallum Hosiery—

8

: 1-25

preferred

Procter

1 -151*

•

—-

tquar.I,

2-15

6Vc

Power Corp.

1

——

;

———

-

Loose-Wiles

1-14

$1%
$1.12Va

preferred (quar.)_
——i_
Liquid Carbonic, i%Yc preferred A (quar.)Lockwood Company
(irregular)
—
(quar.i,—,

1-

1

2-15

37'4c

6'4'4

Theatres

1

2-

4'4 convertible preferred (quar.)——~.•50c,
Printing Co., $3.50 pfd. (accum.)
25c
Link Belt Co., common (quar.)——50c

Boston

1-6

2-

Lincoln

Loew's

1-15

Rath

(quar.)—-——

common

1-11

1

$1Vb
87l/ac

„—

N.

1

2-

1-12

.$1(4
,4^—.—$1%
pfd. tquar.)..—
$1%
$1(4

V/<p'- preferred (quar.)
Power, 514

Potomac Elec.

2-

4'i>

preferred (quar.)
Lerner Stores, 4(4 W preferred (quar. i—
Liberty Loan Corp., $3.50 pieferred tquar.) _
Lincoln Alliance Bank & Trust (Rochester,

1-20

$1

(quar.)—

common

1-20

1

1-11
1-15.

2-1

2-

$1 Va

'-Sterling, Inc., $.1.50 conv. pfd. (quar.,
Stott Briquet, $2 conv/ pfd, (quar.i...
•_.".
,Stuart (D. A.) Oil, Ltd.—

•

2-5

1-25
2-1

(resumed

com.

Co.

7Ye

1-21
-

$1(4

(quar.)

Mills, 6(4(4 pfd, (s-a)
■Pittsburgh Bessemer & Lake Erie RR (s-a)^.
Pittsburgh Nat'l Bank (Pa.) (quar,).—....
Potomac Edison, 6
preferred (quar.) 1
:

1-10

1

preferred

Stanley
•Steel

2- 5

2-15

75c

Full Fashion

Pilot

1-25

1-26

75c
3714c

-—

Cement

1

2-

$1%
Lake Dufault Mines, Ltd. (interim)
$2c
Lamaque Gold Mines, Ltd. (interim)———$10c
Lane Bryant, 1','c
preferred (quar.)
—
$1%
Lansing Company (quar,)30c
Lazarus (F, & R.) & Co. (irregular)-—
45c
Lebanon Valley Gas, 6',4 pfd, (quar.)———
75c
Leece-Neville Co.
(irregular)
—
40c
Rubber

4.4'/c

2-15
2-1

,

12»/ac

(s-a)

Phillips-Jones Corp. 7 '/<> pfd. accum.)
Phillips Pump & Tank, class A

1

2-

Kroger Grocery Si Baking—
T'v 2nd preferred (quar,)

Lee

2-

2-

$lVa

(quar.)-,

3

;

Co. (irregular)
Philadelphia Electric Co., common (quar.)..

1- 5

(irregular)
10c
preferred (quar.),
—,—
$114
Kentucky Utilities, 7Y- junior pfd. (quar.iSIVaO
Kings County Trust Co. (N. Y.) (quar.)——
$20
Kinsel Drtfg Co. (irregular)
——„■
2Vac
Klein tD. Emil) & Co., 9Yc pfd. (quar.)—
62V2c
Knickerbocker Insurance
(N. Y.)
(s-a.i—25c

(s-a)

(quar.)../

-

5

1-30

5'c

1-14

Philadelphia

1-20

Common

Co.

Power, $5 prefex'red
National Bank (Brooklyn

(Increased)

1-15

1-30

$75c
t$l(4
35c

,

Pennsylvania

Supply-

Kellogg Switchboard &

2- 1

30c

Peoples

1- 8..

.1-28

32'4c

(quar.).

pfd.

Inc.,

Brands,

preferred (quar.):.'/
Standard Dredging, $1.60 con., pfd.
(quar.)
Standard Wholesaler Phosphate & Acid Works'

1-20

_

1-18

2-

»

$1.30

0) Rec.

3-15,

10c

$4.50

1-15

2-15

Co.

Traffic

Penn

1-15
1-15

2-

$1.06V*
15c
10c

(quar.i

1

2- 1

10c

$1%

Kaufmann Department Stores

8

1-

2-1

$1%

'

2- 1

75c

Holdert

Payable

'"$1M»

!_

(quar,).,

pfd.

conv,

When

Share

'

Stanaard

1-15

•

Inc., $V/a

Spiegel,

1-15

2-1

.

2- 1

(quar.).,

Ltd., common (quar.).'
preferred (quar,).....—,
$1.40 elass A (quar,).

6</«

1-25

$1(4

Corp.

Peninsular Telephone,

,

.

Per

Name b< Company

1-19

.2-3

20c

(quar.)

Davis

of Reo,

1

2-

16('4C

Ponmans,

1-21

1

tiuiaert

Payable
!

30c

'

Service

Public

Pacific

50c

A

class

(quar.)

Lighting

Parke

Corp,-—

Utilities

C

preferred

Pacific
2-

Filters,

share '

iquar.)..Overseas Securities Co, (irregular)....
Pacific Finance Corp. (Cal.) pfd. A (quar.)

1-15

2-1

preferred (quar.)———
Department Stores—
Vie preferred tquar.)
—-——Jantzen Knitting Mills common
—
9Ye
preferred, (quar.)—,
—
Jewel Tea Co., 4V*(i
preferred (quar.; — '
$3.50

1

United

Oliver

i-15

,—

preferred (quar.)—
preferred ($5)
(quar.)——

l'/o

International

2-

I'SlVa

—

•Monday* January 25, 1943
-

Name of Company

of Rec.

1

2-

25c

Corp.--——

Tool

Holdert

Payable

Metal Industries—>■

International

T'r

'

.:

,

When

Per
share

,

Name bf Company

When'

Per

,

,658300*

,f;5H3004

.658300*

.527340*

..527340'

.527340*

.

.658300*

.658300*

.658300*

.527340*

.527340*

.527340*

Volume

COMMERCIAL

THE

Number 4145

157

&

FINANCIAL CHRONICLE

339

Week
1943

THE COURSE OF BANK CLEARINGS
clearings this week show an Increase compared with a year ago.
Prelim¬
inary figures compiled by us, based upon telegraphic advices from the chief cities of
the country, indicate that for the week ended Saturday, Jan. 23, clearings from all
cities of the United States from which it is possible to obtain weekly clearings will
be 5.3% above those for the corresponding week last year.
Our preliminary total

$•■

West

Virginia—Huntington
Virginia—-Norfolk,—

1,024,354
0

—

Richmond—
South

Maryland—Baltimore
.District of

against $7,634,991,062 for the same week in 1942.
At this
ended Friday of 6.9%.
Our comparative sum¬

Total

for the week follows:

/

by

Clearings—Returns

•

cities)—

.$3,151,013, 970

335,430,595

Philadelphia.————-;

,

330.973, 407

431,000,000

463,000 000

—

-

+
—

•

'

131,

261,930

298,007,709

A:..;——

City—

St. Louis

.

+

+

17.1

+

1,66,164 ,000

;+

174,908,153

+

9.5

160,215,423

8,520.164

+ 10.2

135,434 ,411
97,584 ,328

$5,008,758,189

1,335,577,745

9,386.896

$8,731,911,042
1,343,332,208

$6,150,403,259

$8,078,293,250

$7,634,991,062

——;

Total

+

(10

25,456.633

18.288 942

79

59 300.009

2.536,188

—13.0

—

9.3

+

.1,484,587,803

5.8

South

14.7

1.472,365

862,026

73 3

24.116,000

21.481.000

41,399,321

—10.0

23 800,547

22 463.975

5,334,252

3,464,300

+ 54,0

275,494

215,171

+ 28.0

198,456

157,827

62,103,737

+ 24.9

48,821.064

36.322,846

327,159.458

277.154,902

+ 18.0

219,394,969

168,065,098

,

—

589.010

bank

from

Show

increase

an

of

10.3%

and. in the Boston

Philadelphia Reserve District the totals show
Reserve District records

District of

Reserve

decrease of

a

0.3%

but in

the

furnish

we

a

Week-ended Jan. 16—

BANK

OF

2d

New

3d

•'

4,351(718,838

3.945.090.223

"

587,549,283

610,459.504

"

527,111.294

436.670.930

12

Philadelphia __A+— 10

5th

7

Richmond

6th

"

10

•"

327.169.458

17

"

551.400,301

Chicago

8th
9th

St.

(..,——

——

Minneapolis

10th Kansas

Total

..

Canada

We

now

250,453.311'

"

week ended Jan.

0,3

305,574.746

+ 10.3

3.253,224.919
489,784.406

441,901.508

8.3

382.939.370

315,792.097

h2:G

187.807.616

149.806,414

+

.

3.7

—

5.2'

219.394,969

154.164.755

1S7.707.773

115.693 691

173,405,285

"

267.638,911

199.896.209

+ 33.9

156.057.986

108,329.326

+ 10.2

85.928 513

"

443.224.500

370,455.620

+

19.6

293.726,362
6,1.38.817.036

5,971,865.214

6.9

3.014.293.490

2(617,297,045;

cities

1

8,230,060.157

3.776.137,796

480,369,161

366,148.070

cities

detailed

'

7,564,504,006

4,C38,425,162

statement showing

S

—

A.;,'

"F
-

'

'+

.

+31.2

;

the figures

Ended

1942

5.0

371.844

338 920

—

5.6

366.210.279

322.455,239

2.7

1,489,261

1,113.224

—

3.4

1,251.100

1.253,703

,572,643.003

3.7

460,976,731

401,767,919

131.400 000

7.5

101.100,000

95 GOO 099

65,335,700

5.1

50,208,074

38,092,921

44.284 360

1.2

35,773 699

21,872 491

792.000

4.4

626,000

515.000

254,451,957

241,812,060

+

5.2

187,707.773

156.080,412

+

8.2

+

—

„

j

-Minneapolis—
3,800,378

3.510 721

115.840,275

100.380 797

42,301.322

40,664 951

3.543.315

——.

3,392.509

—

Dakota—Fargo—
Dakota—Aberdeen---—

2.903.593

2 698 621

+ 15.4

75 041.4.96

68 613 391

4.0

29 605 801

28 782 362

4.4

2,808,374

2.318.547

+

+.

1.218.380

1.052.606

+

15.7

826.227

1,167.535

1,154.303

:+

l.l

928,692

782 432

5,534.080

4,008.869

+ 38.2

3,519,508

3.216,260

173,405.285

154.164.755

+ 12.5

115,693,691

107,108,003

;;

(7 cities)-

.

+

196,380

115.438

+

70,1

3,484 168

-I-

3.2

2,949 014

2 349 236

44.295.215

4-55.8

33,118 531

30 472.793

3 213.238

2,423 045

'

Jan.

.

3.3

4.241.276

3.462.275

.+ 29.8

107,498.197

.99 415 655

5.330.208

+ 11.8

4,652.428

4.516,822

1,014,504

756.127

+

34.2

647.174

564.451

874.776

790,702

+ 10.6

714,364

607.988

267,638.911

cities)——————

199,896,209

+33.9

156,057,986

143,724,799

'

2.166,202

4.097.180

—47.1

1,940.8+5

3.782.703

95,370.544

83.474.333

+ 14.3

69.255.970

56.024 761

11,859,981

10.194.831

+ 16.3

6.967,415

Galveston——i,—
—2.902,000
Wichita Falls
—1,129,840

7,271.011

2,766,000

'+

4.9

2.264,000

2.486.000

1,366.638

—17.3

1,451.442

914.421

7.2

4,048.871

3.595,815

+ 10.2

85,928.513

73,074,711

Dallas-—A-'.
Fort Worth—

=

——:

Louisiana—Shreveport——:
Total

16

5,969,038

$

$

119,397.605

—______A^_

cities)

6,430,334
108,329,326

7.0

517.065
2.379.098

Washington—Seattle———A—
Yakima———--—A———-.

1,915.746

260.295 123

247.823.613

.

470.595

82 502.823

4.486,591

4.460, 029

+

0.6

3,163.200

3,260: 833
14,538 950

6,391, 319

——'

16,151.900

16,856 000

Hampshire—Manchester---—-

582.830

609, 485

376,549.334

375,361,163

:

-•

———_L

San

3.0

2.671.023

26 922.304

26,739 565

19 511.398

19.122,420

6.401.260

+46.5

3,630.847

4,412,160

—17.7

4.330 862

13,440 987

3 352 750

205,407,000

+ 14.5

166.719.000

151.958 000

3.170.047

2 749 337

5,237,111

4.2

14.505 200

11,955,000

—

4.4

+

662.649
305.574.746

York—Albany—A—————.

:

-

———

4.185 708

+ 11.1

1.805 567

—23.8

1.501.617

1 694

3,173,278

+ 37.6

3.516.012

2.367,89 r

+ 19.6

293,726,362

Total

287,80.9.855

Jamestown

,

.

New

York*.

r-*.«d

(10

—

cities)

To+ni

,110

_

—

+ 26.2

1.341,052

443,225,076

Outside New York

370.455,620
7.564.504 006

+

8.8

6.138 817.036

5 971.865.214

1,038,425,162

cities)^—

3,776,137,796

+

6.9

3.014.293,490

2,617,297.045

8.8

43.500.000

36,700,000

1,116, 421

+ 22.8

752.465

470.442

1,361, 141

—23.7

1,043,209

752,959

4,201,634,995

-•••

--

3,788,366 210

+ 10.9

3,124,523,541

3,354.568.160

11,901,701

12 630 790

Week

1.318.420

52,200, 000

-

■

■

+j

—

New

Northern

New Jersey,—,—;

26,458.448

'

-

590, 546
24.574, 359

32,165.399

--1A.

6,173 959

5,705, 970

542,301

Jersey—Montclair

N ewai'k—4—-_
;

5,911,536
5,375,984

34,638. 374

—

—

5.7

—

+
—

4 070.704

5.394,599

8,2

•

526,053

■

WinnipegVancouver—--

22; 139,591
26,841,924

(12 cities)

26,464,397

Halifax

3,945,090,223

+ 10.3

3,253,224,918

,

Bethlehem

630.921

+ 26.8

1940
$

130 538.115
-

108 489 679

94 740 069

108.097 415

37.569 183

40.587.404

16,938.005

+ 47.5

17,311.281

16 3+5 933

41.608.838

+ 113.0

41.585.705

20 722 5+4

4.99.9 943

+ 16 8

4.693 475

4,593.905

3.636.870

3,606 339

+

0,8

7.983 205

2 776.613

6.704.697

6.458.171

+

3.8

5,593.697*

6 907.151

8.224,770

,

——_^._

—A.

—

5,913,785

+ 39.1

5.511 329

4 603 11 8

2,416.847

1,968.170

+ 22.8

1.983.387

2.177,709

1.706.009

+ 20.4

1,806 977

1.730 349

3,146.875

2,433,432

+ 29.3

2 609.012

2 569 581

499.666

'597.134

-*-18.3

Edmonton

6.950.622

5,795.450

+ 19.9

4.310.112

4.200.965

5,860,778

3.824.105

+ 53.2

3,506.362

2.141,703

372,256

392,710

5.2

319,427

909,920

637.961

+ 27.0

513 150

443 373

1,907,034

1,502,C30

+ 27.0

1.396 377

1.218.877

1,051.992

737.807

+ 42.6

782 250

762 916

0,9

858,271

820,031

7.8

814.432

788.216

608,716

Regina

532 955

+ 13.5

442.822

412,951

Brandon

—13.7

1.503.375

1.037.144

572,000,000

592,000,000

3;4

474,000,000

429,000,000

1,413.240

1,563.010

9,6

2,106.189

1,702,313

2,602,390

.

2,727.373

4.6

2,537.458

3.081,344

1.351.237

1.429,417

4.9

1.214 886

963,313

Fort

William

Westminster--

;

—-

——

.

1.445.794
:

.

2:021.011

—26.7

—

—

—

—

■

1,103.102

—

Lethbridge
Saskatoon
Moose

6,595,700

l

—

1

Brantford

5.7

1 366.740

1,230,061

New

:4,912,700

3,366,000

Medicine

+

.

Jaw

—30-7

1.911,716

4,573,400

,

Jersey—Trenton—

,r—-

998.613

cities)

587.549.283

610,459,504

—

3.8

489,784,406

'

2 879 222
'

94.611.612

193.292,469
"

"

—

'

:

169.461.388

15 334 400

Columbus-——1

14,623,400

2.038 293

—




♦

8.0

2,866.214

+

5.4

74 426 360

+ 14.1

133.700.247

49

11.876.300

10 21 2.700

+

—20.9

II ,909-506

—

2.7

2.963.629

+

' 5.8

155,198,064

+

8.3

382,939,320

315,792,097

Chatham

——

Sarnia-i

124.863.236

486.670,930

199 +07

667.191

+ 14.2

564 835

568 946

2.8

762 360

633 093

968,601

996.623

—

—-

1.160.090

1.099.724

3,573.484

3.504.326
453.125
1.058 098

750.782

644.284

696.R-M

631.884

415 585

480.369,161

—

+

5.5

+

548.535

1.077.646

985 001

2.0

3.385 968

3.108,890

+ 25.4

3+9.525

334 +30

+

1.8

676.375

680.573

+

6.3

650.165

565 937

7.5

554.016

610134

52.0

380 8->2

412 550

1.340,684

—23.8

1.012.942

862.527

366.148.070

+ 31.2

369.780.342

339.769,932

—

+

3.359.242

199.113,583

Moncton

2 237 833

+

320.281

1,021,372

—

63 654,149
109.255.686

.

619.791

+ 76.4

798.171

2.209.251

—

+ 28.7

237.853

568.393

-

2,576 810
'

3 240.696

3.155 172

210,609.601

Pennsylvania—Pittsburgh
Total ''7 cities)

3,128 965

99,716 613

Cleveland

Ynumr«town

—

Prince Albert

Cincinnati

Mansfield

*

782 003

4)9,546

1

Windsor

+
—

262,454

1.006,562

—

1.077.003

Kitchener^
Fourth Federal Reserve District—Cleveland—

Ohio-—Canton:

1.084,008

—

761,676

Hat

Bherbrooke

441.901,508

989.643

999,582

—

—

Peterborough
(10

S

'

Scranton.

Total

1941

°r

24,982.781

John

1.631,618

605-154

Wilkes-BarrcYork

41.982.436

Dec.

14

or

London

515 508

1,060,030
•

Philadelphia—
Reading——^.

New

——A——
—

1.407,313

Chester—.
Lancaster

,

+ 19.7

Inc.

88.617.915

—

Calgary..*.

3,470.405,536

District—Philadelphia-

Pennsylvania—Altoona—

.

256.328.85)

5,838.459

St.

;

,

2,046,836

4,351,718,838

Third Federal Reserve

A----——

;

:„:

Hamilton-.

Total"

+ 16 8

99.459 938

19,291,746

7.1

112,104.405

53.235.646

——

Ottawa

477,109

7.7

$

130 8«0 196

——

Montreal

4,521,771

.

$

119.055.406

Toronto

b 327,131

•

Jan.

1942

Canada—

8.488,659

10.069,437

4,3

5,8

Ended

1943

'

; Syracuse-,
——.—__
Connecticut—Stamford——:——

$60

1,230.000,157

___________

12 024.733

13,022.343

.1.371,367

■

.

-

,v

—

Rochester———^—

—60 1

1,657, 740

'

1.037,9.93

—

——

2,091,874

16.074, 713

-

56,800,000

i,

-

■—

6,417.240

A

Binghamton———

■

3 830 243

1,376.622

Santa Barbara

507,624

0.3

—

4.598 732

Stockton——4,367,357

11.976,980

5,066,938

—

Francisco

0.7

+

'

San Jose—

2,181.245

4.1

—10.4

—

9.874

826,819
31,796.960

'

Pasadena

3,666,874

3,747,555,

38

1,097,203
40.817 610

California—Long Beach—

822,980

.

48 <»63 881

+ 43.6

4.648,921

486,908

;

,4-25.7,
.+'" 7.5

51.310 917

235,223.496

760.179

457.091

,

1,301,495

73.687.966

9.375.163

829.908

1.002 109

—

65.718 670

1,399,577

Oregon—Portland—AiAA+AAA',"

2.9

—26.1

509, 113

—

Twelfth Federal Reserve District—San Francisco—

6.0

1,247, 019

•

+

1940

1941

2.217.720

5.202.451

137,498 855

:

•'+•

4.94.418

2,126.510

5.376,091

—

1,052. 122

A

921,052

+ 32.6

117.854

5,959.641

'

;

Island—Providence—

(9

—

110.492

178.411.893

*

-1.115.752

5,729,880

A~i—■

Elmira

696.395

596,270

3

'

v

_-A",+

.——

Buff alh—

.

68.996,1.18

—.

Second Federal Reserve District- -New York—
New

3,689,083

827.000

\

—

cities)

+

3 984 212

—

Texas—Austin

16

■"+ 20.9
L 0.9

r-

3,363, 213
322 387. 273

13.938.747

(12

8 231.168

4,010,416

43,750,109

Utah—Salt Lake City—A^-—AA

Worcester—L——A—AA—. .p.

Total

8.742.235

+ 11.4

Eleventh Federal Reserve District—Dallas—

for each city for the
'

Inc. of

685. 80 T

638.112
4.066.172

Springfield—-

New

1,107,612

—12.6

1.806,161

Paul

Total

'

Rhode

cities)

Pueblo—

339.769.932

369,780.342

Dec. '/«.

S

.

325,260.677

Lowell——-—,AA";V

.New Haven

21.860,771

1.396,060

2,021,450

Wichita————:

256.328,857

Massachusetts—Boston—+L+-2—

.

5,500.574

26,449,777

68,674,848

Kansas—Topeka

First Federal Reserve District—Boston-

:

6.259,181

7.5

+

4 673.808

73 074,711

Connecticut—Hartford

5.6

0.6

+

—

141.200.000

—

Missouri—Kansas City
St. Joseph
Colorado—Colorado Springs-

143.724.799

119.379.605

at—

Bedford-—--—.

1.994.935

7.8

Omaha

107.108.008

+

16 for four years.

River.—

551,400,301

1.834,076
21.424,000

2.532.731

—14.4

Lincoln—,——

156.080.412

+ 12.5

241.812,060

Portland.—A———-—L——-iAA A
Fa 11

2,090,368

-

Nebraska—Fremont

401.767,919

"

Maine—Bangor.

New

2,414.259

2,235.242
25.812.000

Tenth Federal Reserve District—Kansas
City-

168 065,098

460,976.731

+ 18.0

572.643.003

3943

.

(4

Total

3,470,405.536

3.8

—

•'

277,154.902

Week

Clearings

5.457,946

2,066,631

1.7

0.3

+ 20.2

$

°

—"32

our

St.

North

287.809.855

+

222,466,311
.

254.451,957

City_.—

add

■

1940
-

9

110

—

§

10

—

New York

5.641,498

—

—

Montana—Billings-

6

—

—_

Francisco—.

12th San

Outside

—

■ —

City.

11th Dallas

4

7

Louis.—

1.611.694

1,927,400

——

MinneapoliS-n_:

•

A—A' 6

_

Atlanta

7th

.

375:301.163

cities

York

456,068,289

1.567.402

Ninth Federal Reserve District-

South

1941

or

Dec. '>

376,549,334

12

ilh. Cleveland

430.636.465

——i

—

Helena

Inc.

1942
$

—_—

458.708

+
—

.

1943

Boston

;r^

Minnesotai—Dulitth-

CLEARINGS

Federal Reserve Districts
1st

481.468

—

—

(17 cities)

To^al

by Federal Reserve Districts:

summary

SUMMARY

/

.

.

5,639,444

2.3

1-

a

the Dallas Reserve District of
10.2% and in the San Francisco Reserve District of 19.6%.
iVLv.
1 ;
:;

following

12,896 231

6,280,903

.

Eighth Federal Reserve District—St. Louis-—:

District the totals register an expansion of 33.9%, in

the

1,726,892

—

Kentucky—Louisville:
Tennessee—Memphis
Illinois—Quincy

gain of 8.3%, the Richmond Reserve District of 12.6% and
the Atlanta Reserve District of 18.0%.
In the Chicago Reserve District the totals
are smaller by 3.7%, but in the St; Louis Reserve District the totals are larger by
5.2% and in the Minneapolis Reserve District of 12.5%.
In the Kansas City Reserve

In

8,255,389
31.539,179

1,717.375

Missouri—St, Louis—.—.—

The Cleveland

3.8%.

8,721,510
33,893.753

—

Springfield——.>

increase of 6.9%, the
clearings at this centre having recorded a gain of 10.9%.
We group the
according to the Federal Reserve Districts in which they are located, and
this it appears that in the New York District (including this city) the totals

cities

2.907 382

2.866 277

:

Chicago

Outside of-this city there was an

1.968.841

30,420 000

——

—

Illinois—Bloomington—;

Total

1942.

3 379.027

2.375,368

11.271.886

Rockford

in

4.154.543

+ 45.4

2.955,572

Moines

in the

331.376

+ 15.9

3.216 610

3.446.510

—

—

Sioux City„

Peoria.-

380.375

4.493.669

30,314,000

—

;

575 666

5.213,173

Bend-.

Decatur

:

1,851,594

4,675,745

—

Wisconsin—MilwaukeeDes

2.749,647

District—Chicago—
;

;

statement, however, which we present further below
results for the week previous—the week
ended Jan, 16.
For that week thereWas an increase of 8.8%, the aggregate of clear¬
ings for the whole country having amounted to $8,230,060,157, against $7,564,504,006
week

1.278.041

+
+

77,571.680

Iowa—Cedar Rapids

We cannot furnish them

elaborate detailed

same

1.552.313

1.657.057

24.682,000

Indiana—Fort Wayne—

able to give the final and complete

are

600,000

1.900,000

•+

cities)—

Lansing

9.5

today, in as much as the week
Saturday and the Saturday figures are not available at time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
we

6 058 847

6.627,944

+ 10.2

+ 14.5

42,762,439

——T—.

Michigan—Ann Arbor

+17.0

ends

the

149.806,414

32,171.904

Orleans-

Seventh Federal Reserve

7.7

Complete and exact details for the week covered by the foregoing will appear

in

187,807.616

100,400 000

—

Mississippi—Vicks'burg

Terre Haute

issue of next week.

77.058,117

27.942.010

37 261,537

—

Indianapolis——

our

1 271.875

98 537,143

34,650,520

35.640,763

Grand Rapids

in

1.864,364

f 19.0

115.000,000

——

2,206.397

Louisiana—New

+ 10.6

+

1,141,645,C70

Total all cities, five days_,

Total all cities for week—

25.0

+

—11,5 '

+ 18.3

107,905,021

All cities, one day

40.760 620

+ 12.6

r

Mobile

8.7

159,675 ,035

Other cities, five days——
-

509.792
2.264.000

47,976.215

222,466.311

Alabama—Birmingham—

20.6

117,300 000

A—*——«*•
Cleveland*——
Baltimore*.
A~=—AAA—A——v.——
cities, five days_

841.374
3 938.000

+ 16.7

1,981,653

—

Florida—Jacksonville

+13.7

180,034,000

Pittsburgh^—AA-

Ten

$

+ 11.3

41,862,598

Macon

3.9

.137,300,000

—

—A——

.

4,!)bu
55,943 428

116,774 489

Augusta

0.5

$5,396,333,297

•

FvanciscoA

San

119,832 ,877-

144,252,312

•

.

10.0

+

250,453,311

Georgia—Atlanta—

6.9

'

Kansas

931.138

2.478.018

.i;

Nashville

%

C3.3t)i,^9o,CC4

A~-—

1940

S

37,034,336

Tennessee—Knoxville
1942

1943

A---,.

Yoik,

1941

Sixth Federal Reserve District—Atlanta—

Telegraph

Week Ending Jan. 23
New

16

Dec.

139,097,766

—

Columbia—Washington-.,

(6

OJU,UUJ

65,290,837

Carolina—Charleston--

center there is a gain for the week
mary

Jan.

Inc. or

S

Fifth Federal Reserve District—Richmond—

Bank

stands at $8,078,293,250

Ended

1942

527,111,294

Total
1

(32 cities)

"-'Estimated.

& FINANCIAL CHRONICLE

THE COMMERCIAL

340

Monday, January 25, 1943

©enesai Corporatism and Investment Mews
RAILROAD

PUBLIC UTILITY

-

applied

Abitibi Power & Paper Co., Ltd.—Sale of Plant—

of

President

Michigan,

in

Kalamazoo

V.

1.

not

-

least

at

employees,"

500

timber concessions tributary

Include

report

a

owing

the

to

The

arriving

in

at

this

at

amount

an

time.—V.

proposed

totaled

at Dec. 31,

$7,715,634 as compared with $4,238,642

"•Assets coverage for each $1,000 of

The
bank

assets applicable to common

"Net

"Net assets per
"Based

share of

—

17,116,550

—_

$11.69

Income
Years Ended Dec. 31—

Total

Income

the

by

•Operating expenses

166,174

Prov.

for

Fed.

inc.

other

for

Prov.

397,809

tax,.

40,000

The

36,671

25,249

$694,031

658,473

877,964

599,949

Section

77

The

157,

125.

p.

in

the

as

bauxite

from lower grades
formerly obtained from
C.
Jones,
its
regional

research.

justifies

process

of

high-grade

of

of

years

from

The

ore

from
p.

company

long-time

its

South

157,

economically.—V,

more

policy

America

to

Ayerst,

is

unofficially intimated
of

All

the

which

is

that

the

substantial

amount

of

51

understood

that

E.

Ames

of

group
of

the

also

A.

investment

shares
stock

—

dividends

common

the

&

who

stock

Co.,

will

the

Ltd.,

the

in

the
near

heading a
widespread

is

assure

Surplus

Outstanding
Earnings

1,463,400

1,463,400

1,500,000

sh.„

$0.48

$0.67

$0.46

com.

crediting

amounting

provision

excess

to

for

Comparative

Consolidated Balance

Sheet,

interest

Accrued

Dec.

in

tnv.

Other

31

by
152. p. 816.

and

Adamex

500,625

Securities

securities

50,136

(& Subs.)

sold

deliv.i-

mot

100,000

41

bonds,

41

bonds,

trust
trust

4'A'/j'

debentures,

Amount

payable

Accrued

interest inch

Accrued

taxes

stock

Common

Capital
Earned

1,375.500
6,883,500
251,894
157,825

——

purchased—--!

47,907

matured int._„

158,785

—

unclaimed

7l;069

expenses

(no

surplus
surplus

$1,256,000-

1,375,500

1948.,

1946——6,883,500

for contingencies

Reserves

$1,241,500

1947

due
due

securities

for

and

due

—

pari—

I——--.-A—

:

J

—

33,514
127,178
1.463,400
26,062,014
4,244,258

,115,772
1,463,400

_

_—

20,814,726
4,302,497

—

16.044

21,679
taxes

200,000

$930,000.—V.

$336,189
156, p. 2093.

profits taxes.--V.

25

stock,

common

18.

each;

and Aug. l

dividend

a

payable

$5,

par

during

Payments

cents

declared

11

1942

15

to

l

as

follows:

15

were

and Nov.

Feb.

of

cents

2,

cents

share

of

record

and

2

dividend

A

stock,
i

of

25

payable
paid

were

including
.

Book

cents per

Feb.

to

Aug.

on

1

1

and

1,

May

made.—V.

were

Co.—25-Cent

1942,

156,

share

holders

May

each.—V. 156, p.

—V.

157, p. 214.

American
R.

.

Transamerica

see

M.

The

Nov.

last,

2,

Quarterly
307.

p.

record

Jan.

below,—V.

Corp.

Aerco Corp., Los Angeles,
see Transamerica

Control-

while

1145.

.

,

the

in

1941

of

1

cents

to

and

share

per

and

Z.

George

.

(Fire)

of

Vice-President of the
resignation on Jan.: 20.
Insurance Co.

Standard

the

Casualty Co. of New York.—V.

&

156,

company

Mr,

Day

1412.

p.

Net

paid

of

Valuing
Dec.

31,

to

this

1

cents

share

per

holders

to

this

have

directors

The
40

issue

on

company

of

the

March

15.

Feb.

record

the

on

declared

regular

dividend

semi-annual

of

the common stock, no par value, payable March

on

and

2

latter

Similar

Sept.

date

1,

paid

distributions

last

extra

an

made

addition,
20

per

cents

was

per

directors

The

per

share

on

the

record

of

holders

declared

also

71

the

stock,

preferred

March

15.—V.

usual

156,

quarterly

par

income

profit

$100,

dividend

payable

of

$1.75

April

1

charged

Air Investors

will

of such stock deposited after
returned.—V. 157, p. 5.

that

date

share

for the

Account

income

for

Northern

the

Month

of

operating

Total

pursuant

to

rec,

in

operating

expenses—

November,

:

—

'

on

Miscellaneous

rent

—

Gross

75

available

Balance
—V.

156,

$31,921
gross

p.

income

14,229

interest

for

.

The

the

held

has

by

.

collateral

elected

the

that

Guaranty

trust

deposited
Trust

indenture




cash
Feb.'

in
1,

for

stock

common

Calendar

outstanding,

of Dec. 31,

as

635,123

$982,211

'$799,157

$650,575

147,254

163,399
23.527

159,103

26,756

514,463

528,343

536,671

7,000

1941,,

$83,883

*$67,187

1,000,000

1,000,000

$0.33

$0.29

$0.08

1,000,000
Nil

out¬

par)
_

Balance

the

amount

of

York as tyustee
1929,

shall

be

Sheet, Dec, 31

1939

$16,653,091

1,593,993

receivable and interest accrued

receivable for

securities

Other accounts receivable.

41,971

sold—

54,914

9,533

73,793

,

1,246

1,616

216,184

Allied

Investment in

208,830

—

Machinery Co. of America,

•

(less reserve)

$19,970,791 $19,911,144

Accounts

I'

:

payable

1—

245,795
14,057

254,567
41,957

8,938,000

9,257,000

taxes

for

debentures, due Jan.

stock

$83,129
19,815

______

$22,692

_•

——

Debenture interest due Jan.
Reserve

'

payable for securities purchased——

Other accounts

(no

1,

1949

1,000,000
;

—

1,000,000

7,219,061

6,723.490

2,531,186

par)

surplus

Capital surplus
Total

2,531.186

$19,970,791 $19,911,144

—

—V. 156, p. 1464.

/

American

\

During
preference
the

first

Superpower Corp.—Report to Stockholders

the year, 41,160 shares of The United Corp. $3 cumulative
stock were disposed of by exchange for 13,720 shares of
of American Superpower Corp. tendered for

preferred stock

retirement in response to a public invitation for tenders.
In addition
the corporation purchased, likewise for retirement, 1,055 shares of first

preferred stock

cash.

for

Capital

surplus

credited

was

with

$795,102,

representing the difference between the cost of acquisition of the 14.77$
first preferred stock and the stated value of $100 per share.
The

management believes that such retirement of the first preferred
is in the best interests of all classes of stock¬

stock

of the corporation

holders, and therefore intends to continue the acquisition (by purchase
or
exchange) of additional shares of first preferred stock for retire¬
ment

suitable

as

opportunities present themselves.
Account,

dividends-

Int. on

U.

Ended

Years

Dec.

31

1941

1940

1939

$284,652

$669,063

$760,119

615

$518,463

178

15.088

S. Govt. sees.

619

bonds——

20,000

20,000

20,000

93,485

$539,083

$305,266

$689,241

$868,692

27,152

32,960

48,474

44,874

21,935

,23,938

19,042

10,627

18,480

2,145

8,085

146,121

157,691

.

149,095

$641,649

$909,635

$805,136

$673,159

Expenses in reissue and

46,034

100,682

129,801

transfer of stocks and

_

•

"29.601

32,377

accrued

8,050

6,643

4,361

36,766

82,000

_

-

-V-

Int.

on

corp.

Income

rights,

~

65

All

legal exps., etc.

other

expenses

for

Prov.

Fed.

Other

Profit

on

tax_

21,123

.

1

;

$798,862

$670,492

$474,151

Balance

300,000

600,000

675,000

475,000

Dividends

177,250

36,231

35,792

61,156

64,927

sale of sees.—

$487,210

*338,385

Crl46,929

*61,332

Cr387,645

appl, to divs.
first pref.

$94,251

$359,507

$499,237

$1,135,909

$359,506

$499,237

141,800

regard to profits

common

payable
other

losses

or

sales of

on

June

31,

bonds,

$4,855,961;

total,

Balance,

securities.

1,

1943>,

$100,000;

taxes,

$2,554;

common

capital

stock

reserve

surplus,

SEC
a

on

Jan.

13

Series

A

reorganization.

applicants

and

stocks,
$459,806; ac¬

preferred

banks,

in

accrued

preferred

<354,500

$2,061,595:
156,

p.

no

Federal

stock
par

losses on

surplus

These
were

for

Series

series

Alfred

(install¬

income

(50.000

shares),

tax,

no

par

$354,500;

sales of securities,

since

June

30,

1938,

are

A

permission
debentures

due

in

MacArthur.

stocks,

interest

$653,955;

Government

S.

Sheet,

securities,

$2,988,450;

Dec.

81,

$132,358

and

dividends

$514,898:

common

J94:J

corporate

stocks

and

receivable,

bonds,
option

$9,251;

$317,455;
warrants

pre¬

(cost

$74,720,627, less reserve of $53,083,043), $21,637,579; total, $26,121,588.
Liabilities—Reserve
for taxes
(other than income),
expenses, etc.,
$9,923; reserve for Federal normal income tax and surtax, $21,123;
first preferred stock, $6 cumulative (70,125 no par shares),
$7,012,500;
Preference

stock, $6 cumulative
(235,207 no par shares), $235,207;
stock
(8,293.005 no par shares), $5,272,379; capital surplus,
$6,861,044; earned surplus, $6,709,407; total, $26,121,588.-

common

2187.

Co.—Group to Solicit Deposits

committee,

Assets—Cash,
U.

ferred

granted an application filed by five
3.6-6s

$94,251
Balance

$1,769,433;

cash

for possible

$11,574,946,—V.

protective

1,003,551

—

surplus

1942

$11,574,946.

accrued

$615;

on

♦Loss.

Sheet. Dec.

securities:

stocks,

$40,038;

$5,000,000;

as

;•■

inc.

taxes

stock.

American Gas & Power

The

1,392,098

Government securities

pref. stock.—

$2,096,291:

in

$18,179,833

1,448,773

J

Cash

Cash

25,722

interest,

3-5s

1941

1942

■

1942

~32~,374

$77,390; total,

the

—_

$293,737

1.000,000

stock,

share—

Income

21021

common

$82,000;
shares),

acting

21,988

______

______

$332,961

Years

Liabilities—Secured bank loan, $1,800,000; secured bank loan

$17,692

__

Co., of New

dated

$15,452

782,161

'

income

on
on

The

corporation

$104,116.81,

of

taxes—

income

crued

2187.

Alleghany Corp.—Offers to Purchase Bonds—

under

$16,997

owned

Securities

of

as

39,367

Assets—Investment

127,603

—

income

from

$27,930

'

option warrants,
Deductions

quotations

$515,979

„

paid and

"Net

1939

1940

1941

shares of

interest

♦Without

$31,846

_

income—.—

market

of

losses

..

1940

bank loan—

General

Expenses

5,404

revenue

shares

debt—__

ment

net

Years

Calendar

954,281

_

15.195

income—

$4,449,709;

Total

tax

(no

per

Total
gross

funded

Div.

$37,250

—

for

$1,001,334

137,479

1942

—!
;

for,, possible

reserve

•

basis

$585,657,

$645,300

$164,854

operating revenue
Railway tax accruals

the

to

amounted to

year

1941

securities-

on

the

RR.—Earnings-

revenue

Net

31,

Dec.

$745,034

Interest

Fed.

is

"Loss.

non¬

$488,975

Balance

Total

a

1942

Divs.

&

the

on

354,500

dividends

be

Alabama, Tennessee

of

deducting all known liabilities and the preferred
liquidating value of $100 a share, the net asset value was

Cash

Taxes

which

$16,707,015,

to

fact

and

Int.

Inc.—Exchange Offer Withdrawn—

has

shares

offer

the

.

Income Account

Total

been received by New York Curb Exchange that the
offer of Dec. 23 made by the company to holders of its
convertible preference stock of record Dec. 29, last, has been with¬
drawn
as
of the opening of business Jan.
18 and that accordingly

any

directly
'

Int.

Notice

during the

using the same basis, the net asset value
$5.35 per share of common stock outstanding.

was

to

1941, of
income available for dividends

to

■exchange

amounted

$35,561

—

com.

standing

received

$267,985,

due

on

whereas,

1202.

p.

balance

of $67,429;

sold

securities owned

its

Divs,

share.
:

Corp.—Annual Report—

1942,

965,772

the

of

dividend

$5.93

1938,

securities

on

in

and,

year,

were

at

of

1941

income

substantial

the

amount

securities.

1942,

stock

Agnew-Surpass Shoe Stores, Ltd.—Regular Dividends

from

amount

sales

on

derived

from

principally

was

$554,640.

loss

which

decrease

a

decrease

company

Adding

aggregated

and its subsidiaries,
is former President
of New York and the Standard Surety

Day,

his

announced

Co.—Resignation—

Insurance

said

500,227

Common

Co.—Annual Report—

payment of dividend arrears on public utility
included in its portfolio.
Interest, general expenses,
or
accrued
totaled $154,438.
leaving a balance of

stocks

taxes

$641,649,

This

surplus since June 30,

Aetna

of

to vendors
stock and the

139.957

20-year 5'/a 1

|

Securities

terms

24,000 shares of its

1686.

amounts

Feb.

50

the

to

21,18.9

Earned

from

nature

$487,210.

.

to

29.51,.

recurring
preferred

.

31,

—

Shares

1,

common

Like

from

distributions

the

on

President, states:
during 1942, in dividends received and interest

amounted

that

Calif—Control-

Corp, below.—V. 156, p.

European

approximately

155, p. 818.

Dec.

at

Liabilities—

22.

stock of Ayerst,
free of all liens,

capital

Youngs,

income

accrued,

or

Adel Precision Products Corp.—New

assets

Interest

Dividend—

has been declared
of

and
Hugh

to

214.

p.

-

Dividends

per

holders

Feb.

subject

(N.;Y.»,

pursuant

Total

American

$36,474,657 $41,855,083

—

157,

International

Taxes

Earned

Total

Ltd.

and

Harrison,

certain
Home Products Corp. of
of
Ayerst,
McKenna
&

stock

States),

corporation

the

William

provides,

American

under

revenues_

Accounts

Jan,

on

by

capital

aggregate of

278,000

$367,923

.

between

the outstanding

(United

Dividends

17,600

_

excess

acquisition

outstanding

equities

1943,

McKenna,

Wallace,

equivalent to 1861 of the principal amount of outstanding debentures,
After provision for the debentures, these net assets at Dec. 31, 1942,
amounted to $7.76 per share of common stock, which compared with
$5.69 per share at Dec. 31, 1941.
As of Jan. 13, 1943., the net assets
value, similarly calculated, was $8.02 per share.
There was no change
during the year in the amount of outstanding capital stock, namely,
1,000,000 shares.

239,929

28,105

—

self-insurance

directors

the

on

Jan.

10-year

$137,762

300,895

'

—•

—

6,
J.

H.

90,979

$918,602

plants—

Corp.—Listing—Acquisition

$1)

consideration of the issue by the corporation

American
net

Jan.

(Canada), and

nominees, an

of

sum

U. S.

Liabilities—

Oollateral

their

Federal

American Barge Line Co.—15-Cent Dividend—

$36,474,657 $41,855,083

Collateral

400,798

100,000
37,450,805

<

has authorized the listing of 24,000
upon
official notice of issuance

(par

William

and

agreement in
or

dated

Harrison

&

Assets—

The
Total

$1,429,540

31,846

for Federal income

committee will
will have separate
.

Exchange

stock

Expenses

1941

,

434,671

period

profit
"No provision necessary for

14,603

28,572,413

Corp.—_—

—„

1942

„

mine3—

for

during
series

arise

either

of

the

series

each

1942

operations————__i—$1,385,120

Net

50,721

40,683

dividends-—,

securities

"Prov.

$3,738,330

of

that

holders

arise,

Ltd.,

Aluminum,

(Del.)

-w—

Reserve

1941

6,498,852

obligations.—.,—,

for

receivable

Amt.

Profit

Depletion

the

should

1571.

p.

William

the

encumbrances

Net

in

$1,212,574

——

Government

during

Depreciation of

1942

Cash
S.

tax

made

$12,000.

Assets—

U.

stock

capital

Federal

1,500,000
$0.29

arise.

committee

the

by

interest will

of

between

Income Account

held

General operating and administrative expenses_
Provision for losses on tinve sales on shipments

$66,281

$94,082

shs,__

com,

per

"After

1941,

$103,078

$58,239

from

of

and

Total

6 Mos. Ended Dec. 31—

profit

conflict

any

conflict

Insure

to

Stock

and
for

McKenna

be

can

Dominion.

is

company

American Agricultural Chemical Co.

Gross

that

such

156,

Ayerst,

issued

Interest

$441,245
374,964

should

interest

filed

McKenna

S.

of

contemplating

is

preferred

dealers

throughout

of

Canadian company.—V.

a

if

steps

agreement,

A.

The

company

a

common

under further
separate

have

with the acquisition of the outstanding
capital stock
& Harrison, Ltd., of Canada, and the outstand¬
stock of Ayerst, McKenna & Harrison
(United States),
New York corporation.

a

An

5.

is

It

application

conditional

it

will

capital

Ltd.,

conserve

aluminum

which

says

Aluminum Co. of Canada Ltd.—May Issue Preferredit

made

series

connection

of

Harrison, Ltd.

extract

to

Thomas

to

25

quantities

deposits

extracted

each

conflict of

any

and

reorganization

but

shares

conditions

process

according

of

the

York

New

additional

—Earnings—
income

Net

,

anticipated

of

appropriate

ing

about $15,727,000 and the mutual savings

owns

culminates

development

domestic

that

that

American Home Products

Commerce

the alleged plan
said plan does not

upon

that

reason

percentage of alumina

a

bauxite,
This

importing large

29,627

$986,042

high

as

distribution

"11.372

the

has developed a

company

nationwide

$716,712

taxes__

for

Interstate

held

be

$3,331,000 of the $45,350,000 of Chicago & Alton refund¬
These bonds are secured by a mortgage upon
system of the Alton RR., which is the only mortgage on
property.—V,

bauxite

of

215,032
398,428
11,090

______

not

Alton's

$1,095,482

198,805
398,124

176,305

397,271

——

Interest

the

petitioned

hearing

no

RR.

group

event

Commission

taking appropriate steps,

insure

declaration

representation."—V,

the

1939

1940

$1,316,209

is

course

to

part:

McPherson

future.

$1,596,826

Alton

insurance

group

issuance

1941

1942

Alton

"that

19

in

debentures,

acting to protect their interests
refunding bonds
and the
mutual

committee

group

Jan,

Fight Plan—

Aluminum Co. of America—New Process—

Account

$1,331,529

—

"It

the

the

in

amended

entire

15,547,499
$10.62

stock

The

provided,

be determined

to

provisions of the indenture.—

Commission,

representation

W.

$2,634

stock

common

case

the

market values at the respective dates.

on

will

which

every

the

protective committee
the

the

1941.

$2,801

times

in

of

ing bonds outstanding.

Dec. 31, *41

funded debt

at

but

price

maximum

a

available,

are

and

trustee,

a plan
of reorganization within the meaning of
Bankruptcy Act and is prima facie impracticable."

the

of

157,

Dec. 31,'42

funds

amounts
the

constitute

1942,

31,

that

in
of

the

application,

the

granting

companies

Chicago' &

bank'

savings

•the

at Dec.

of

excess

insurance

of

Commission

manager.

Cash and government obligations at market value

in

In
upon

order

of

of

group

high-grade

:,.

and

Railroad—Bondholders

holders

as

liquidator,

difficulty

to

extent

MISCELLANEOUS

-

take

W. T. Brickenden,

to the mill.

the

discretion

125.

p.

Alton

said

dated March 11, 1937,' stated that no
value had been included for the Espanola and Sturgeon Falls properties
in

157,

;

,

Hayward, "and it is
expected that this number will grow as we get organized.
Up to this
Time we have imported the greater portion of our pulp from Sweden
hut we expect to
furnish 65 per cent of the requirements • of the
Kalamazoo plant from Espanola.
"The plant will be supervised from Kalamazoo but it is our intention
to make it a Canadian company," Mr. Hayward said.
The Espanola
plant will probably operate under the name of the K. V. P. Company
of Canada, Associated Press dispatches from Toronto, Canada, said.
The book value of Abitibi's holdings in the Espanola mill, now sold
for $1,000,000, is placed at $10,246,633, according to the bondholders'
representative committee. Against this, there was a depreciation re¬
serve
of $2,861,836, leaving net book value of $7,384,798.
This does
hire

will

"We

collateral trust convertible 51
on Jan. 26,
1943, and until the
purchase shall cease, the trustee,

prices

to

at

not

such

from time to lime in accordance with the

in preparation

a

completed by Feb.

be

bond

per

that

absolute

the

in

price

a

for its post-war program, but he added that
general survey, no arrangements have been made as to when
work will start at the plant.
It was expected engineering plans would
beyond

and

bonds

such

be

INSURANCE

-

15-year

Beginning

1944.

1,

directs

discretion

its

shall

Hayward said the Espanola plant was acquired by the

Mr.

company

Feb.

Coyp.

purchase

the purchaser.

of

purchase

the

due

Alleghany

of

Co.

Parchment

Vegetable

Kalamazoo

the

Hay ward,

to

bonds,

purchase price of the above company's plant at Espanola, Ont.,
Canada, was $1,000,000 cash, it was disclosed on Jan. 11 by Ralph A.
The

INDUSTRIAL

-

to
of

solicit

individuals,

the

company,

First

now

been

H,

Carter.

been

1953.

Donald

Baxter, Henry W. Volk and Robert L. MacPhail.

Official Commissioned—
John

of

holders

R.

H.
;

«

•"

E.

Berdich, Secretary and Treasurer,

Lieutenant

ordered
an

to

officer

of

the

report
of

Coast

for

the

previously with Bankers
V. 156, p. '2303.- •••••

Artillery

active

duty

organization

Trust

has been

Corps,
at

Fort

since

S, Army,
Monroe, Va.

May

15,

C.o.,. ^ew. .York,, for
,

commissioned

U.

1940,

has

He

has

and

fifteen
'

a

and

was

years.—

'

jj

-

Volume

Number 4145

157

American

Surety

THE COMMERCIAL & FINANCIAL CHRONICLE

partment,

the

in

the

recessed

Harry Bennett, of the Agency and Production De¬
J. Fallon, Contract and Miscellaneous Depart-,
elected Assistant Secretaries.—V, 155, p. 1594.

The

Harold

and

have

ment,

as

as

George R'. Crosby, Attorney in the Legal Department, has been elected
Counsel.

well

hearing

Co.—Changes in Personnel—

'

General

been

off

and

Commission

the

Co.—Earnings—

from

The

A.

"Walter S.
Bell
about

the

President states:

Gifford,

System

telephones

1

turn

into

the

in

new

mark

20,000,000

the

passed

service

telephones

in

continue

service

plant become used

tiroweded,
is

intensive

an

from

placing
activity' centers.

advertising

war

The limitation

the

such

materials

as

which

copper,

The
public generally•< has shown
understanding of the situation.

and
-

An

fo

investigation

contemplating

American

eral
•'

Telephone- &

Communications
than

More

with

the

Bell

1942.

20,

employees

services.

'

•

instituted

was-

Nov,

on

System

Co,

are
■

-

by .the

'

in

the

the

Asbestos Mfg.

such

largely in the savings
FCC said, since it is

the

on

said

number

it

of

the

using

leased

stations,"

the

heaviest

Associated

including

"benefit

where

the

that

charge had been made.
the investigation,

War

of

system

a

would

tend

facilities

of

Board

to -establish

sary

there

would

to

had

ment
for

for

Dec.,

mately one-4hird
dents)

to

state

duty

had

found

long-distance

on

that

business

overtaxed

were

Communications

for

The

the

the initial period rate

one-fourth

business,
the

will

long

on

become

to
in

(initial period

and

line

effective

companies'

associated

Feb.

companies."

private

become

associated

lines

effective

associated

reduction

rates

•

estimated)'

partly

1942,

,3 Months Ended

Dec. 31,'42

In

V

.

of

we»uesw> 56,606,000
expenses^__7

*

Fed.

.profits and i'

excess

"

inc.■> taxes• (less- total<
■

profits

exc.

:

Other

tax

•

15

it

■

147,053,884

23,878,198; 100,038,000

90,338,786

:

s

;

1

the

for

and

the

on

long

.

4,633,551

59,089,000

2,196,000

<1,896,714

...8,996,000

i Net oper. income

■

.

18,765,218,
8,078,716

<

9.537,000

8,289,937

31,199,000

lncome-^^^„.

Dividend

L'

32,876,000

38,864,174

149,051,000

2.665,675

6,850,000

netr_—Drl69,000

Dr 141,352..

29,871,164.

532,000

of

diction

Total

income

43,824,000

deductions...

49,678,434

r

6,145,000

24,583,000

income—

+Net

37,679,000

_L

Dividends

ties

inter¬

885,000

■

Dr5,051,000
share

per

(aft,.

$2.31

$8.62

this

All
The

profits tax credit of 10'"

000

and. $4,479,000.

Of

,

respective periods has
and net
been

earnings

1942

periods

indicated

as

portion, of

respectively, $2.02 and

the

five

two

retroactive

'

(American Tel

distributed

been

J

$

.

;

■

$

237,940,288 216,639,576.

Other

-

<

'$i-

i

..

exclusive

Commission

insisted

the
its

the

over

agreed

were

Commission,

discretion;

by

to

which

but

conditions

the

the

which

the

kwh.

73,423,700

of

follows:

felt

company

this

kwh.,

for

,

1,286,179,688

§29,595,663

the

i

Q40

1942

1941

■

•

,

Colo.

-

184,532,214

103.081.976.

50,129.000
1940

44,973,000

44,079,000

31,498,578

31,337,257

129,805,948

124.466,680

56,573,125

57,332,641

216,591,810

-229,035,369-

2,637,260

5,833,883

12,244.585

218,000

-,,11,000

higher

in

product

Mont.,

Chairman

by

to

of the

if

Non-Ferrous

F.

Byrnes,

Associated

income^

Other, income:
tDividend

JProp.
Miseeil.

•

in

v

,

income—_

int.

earns.

56,000.

.

income——

,

1,167,358

Less misc. deductions

1,487,887

6,263,196

5,645,578

Court,

2,557,720

12,937,362

9,499,303

Of

live

3,177,413

.

United

■

District

1,988,000

,./■••

-

from other income

24,032,553.

,

Total

income—.,—.

57,256,330
12,881,228

62,314,691

222,173,229

the

the

reached

increases

A.

of

51,157,190

48,402,928

income-—44,375,102

49,003,128

171,016,039

202,799,269,

are

;

and

be

to

would

Net

income

to

of'..

stocks

subs. eons,

-3,875,000

-

Balance.-^.;—42,956,102

Applic.
•

1,419,000

.49,003,128

-167,141,039

'■•/Vv.-v

held by

--.4.

1,609,303.,

:-''M

1,836,547

6,500,128

.

.

15G,

of

H.

"

.

D.

suits"

Tel.

&

41,346,799

47,166,581

160,640,911

V.

194,943,624

$8.60

each, from the
the six defendants.

actions

quickly

so

the

because

.was.

,six

after

S.

Government

President

of

Anaconda,

return

156,

officer

the
A

stk.

(aft.

$2.21 %

,

$2,52

"For, the
and

3-month

and

$9,202,000.

Of

l^-mo nth, periods ended Nov. 30,

this

respective periods has been
and

net

been

income

reserved

in the

credit,
used

amount

indicated

as

respectively .to $3,466,-'
$5,327,000 for the
through retirement of debt,

currently
the

of

above.

unused

Before

and

portion of the credit has

such

share

earnings for American Tel. & Tel, Co.
periods are respectively,* $2.28-and $8.80;tDividends

from

Western

Electric

Co.,

reservation,

stock

for

the

the
two

Co.,

per

1942

: ^

T,

Inc.,

Canada, Southern New England Teleprone
Bell

the

1942,

amounted

$2,047,000

Old

■

the

nor

counsel

wished

the

effect

amounts

are

of

a

share

.by

the

issued

to

the

for

because

the

of Government

Electric

Co.,

uncertainty

has,

Inc.,

the'

to

as

the. periods

to

applicable.

excess

to

be

Inc..

Long Distance Over-Time Rates—FCC to
End Investigation—
this

Federal

per

the

three

■

will

reduce

be

its

of which

No

minutes

At

will

y,ear,

public.

charge
the

will

company

700,000
to

Communications Commission

of

long

lines

$34,700,000

reduction

will

be

long-distance

in

by

the

calls,,

on

charge
be

The

the

the

For

new

are

'company,

last

department,

that

estimated $50,
immediate saving
for the first
but
the -overtime

example,

schedule

new

station-to-station

a

three

the

one-third

minutes, $5

five-minute

call

for

five

will

rates,

call

of

it

from

minutes,"

cost

$4,50,

cents.

reductions

ordered

3

of

which

November

including

calls

into

the

all

the FCC

reached

for
an
investigation
charges of A. T. & T.'s long linosof telephone. and telegraph wires,

leasing




agreement
cancellation of
an

the

by

of

Na¬

Canadian

Lawrence

in

part;
of

The

RR.

through

Atlantic

Maine,

147.79

other
equal

of

6%

per

has

New

miles

St.

&

Hampshire

of

main-line

things,

Canadian

dividends

to

annum.

Na¬
the

on

•

been

governments

that

part of such

of

or

the

Kingdom,- To

been

balances

Canadian

this

making
included

therein

vesting

transferred

as

Treasury

orders,

by

held

by

were

the

to

National

the

end

certain

are

vesting
of

Treasury at

then

are
made, payment therefor
Kingdom.
Railway securities
transferred, through the Bank of

are

the

Canadian

the

dates

or

orders
United

the

National

Minister

the

at

Canadian

the

Finance

of

so-called

vested

Government

at

It

and

price,

with

bearing interest

price

£61/4/9,
to

of

to the vested

price,

not

to

be

and

of the

the

by
holders

to

share

a

sterling

Government

ownership

owned

paid

$247.08

of

the

of

the
of
the

at

the

latter.

sterling
current,

The

sterling, or the equivalent of
sterling shares carry 4.84 votes

vote

each.

to

desire

subject to

will

desire
that

pound

National's

stock

to

about

the

$100 of stock.
dollar shares one

Canadian

the

transferred

the

$4,035

upwards of 95')

is

National

per

the

the

be.

order

of

that

order,

Canadian

available

rate

and
is

estimates

the

to

of

fixed

was;

be made

by negotiation the
vesting order. An offer,

acquire

the

holders

to

may

Atlantic's

stock

of

$5,480,700,
one

dollar

of

stock,

is

$2,801,084

carried

its

the

in

affiliated

about

compared

as

balance

holding

with

sheet.

the

The

companies,

total

National,

149

owns

value

par

Canadian

now

shares

of

$24

of scrip, and 65 shares of sterling stock,
The
value per $100 of the sterling bonds in the
United Kingdom and the dollar bonds is attributed to the difference
in the total amount of taxes payable upon the income therefrom.

state¬

the
the charges will be made."—-

1943.

at

make

the

offer

effective.

than

90%

This

that

that

4329.

p.

20,

understanding

and

to

more

Mass., was recently appointed
tenders of its capital stock at $40

January

shares

in

the

The

proposed

of the

property

market

transaction

112,

will result in no change in the
operation
have any effect upon transportation service to the
has requested to be included in the trans¬

nor

other

No

carrier

2189. '

p.

least

it

810

offer

shares

New

made

was

would

not

were

England

accept

necessary

Industries,

of the stock of Androscoggin Mills.—V.142,

Atlas Plywood Corp.—30-Cent Dividend—

(

dividend

A

stock,

1942,

each

■

from operations

Profits

from

of Anderson. S. C.,

operations of properties

Mass.,

and

569,608

$1,764,200
32,060

mill

$1,796,259

——

depreciation of properties at Anderson, S. C
depreciation of properties at Lowell, Mass..^
inc. and excess profits and State inc. tax._

128,750
23,562

Reserve for Fed.
Reserve

for

contingencies—

1,104,500
100,000

:

on

1

Common

Balance

$1,491,656;

Assets—Cash,
counts

receivable,

ventories,

Sheet,

Oct.

employees'

$598,841;

$915,531;

$4.27

______

31,

notes

$171,105;

investments,

other

assets,

taxes,

$63,515;

$38,345;
able, $17;
for

accrued

employees'

$28,837;
$160;

tenders

and

$351,117;

payable,

total,

in¬

of

last,
to

fund

accrued

taxes,

of

S.

C.

income

State

$13,674;

payable,

the

on

record

common

Jan.

against

as

and

including

three

22.

50

A

cents

Aug.

months^—V.

1,

156,

its

charges

were

stated

Jan.

on

is $465,636.

$323,056
20.

The

bonds

of

than

$11,-

in

in

1941,

charges

was

brought

company's

bonds,

about
1938

partially

plan

through

and

partially

by mortgage trustees and

and

partially

through

the

obligations.

that

and
are

results of
the
company's
invitation
for
notes,'made Dec. 19, 1942, will not be available
completed.—V. 157, p. 126.

Cigars, Inc.—New Director—

Harry J.
of

indebtedness
less

reduction

1

indebtedness

added

Debt—

outstanding

associate

Lornan,

dean

Pennsylvania, has been elected

of

the

Wharton

director.—V.

a

School,

156,

University

1737.

p.

The
the

directors

15.

$28,837;

and

county

have

stock,

common

Feb.

similar

A

Regular quarterly
issue

152,

p.

up

to

no

declared
par

extra

payments

and

an

value,
of

including

dividend

extra

payable March

distribution

$1

per

Jan.

made

was

2,

share

of

to

1
on

have

1943.—V.

$2

per

holders

March

also

155,

2,

share
of

been
p.

on

record

last year.
made

498,

on

594;

V.

819.

accrued

payroll,
dividends pay¬

(Lowell), $3,498;

taxes,

in

RR.—Reduces

the

compilations

this

$6,523,421.

$400,200;

social security

Christmas

State

2,

1941

reduced

result

a

buy in
the
of equipment

Bayuk

ac¬

deferred

prepaid rents and storage charges

Federal

1,

Aug.

declared

holders

to

Nov.

Belding-Corticelli, Ltd.—Extra Distribution—
fund,

receivable,

charges, $40,335;
real estate and machinery (less reserve for depreciation of $1,817,485),
$2,925,839;

of

White

Mr.

1942

Christmas

miscellaneous

to

payment

1—:—328,479

__—

Earnings per common share.

1942

in

basis

decrease

others

35,702

—_—

dividends

1

on

sinking fund under the
through assets, proceeds of which were used

$439,448

Preferred dividends

Ohio

&

as

annual

an

The

Until

for year

Profit

from

B. White,. President,

Roy

mill

at Lowell,

profits from operations.*
for

Feb.

made

quarter

company

operation
Reserve for

share has been

per

payable
was

and 37'/a cents per share previously each

The

{

.

Earnings, Fiscal Year Ended Oct. HI, 1942

Profits

cents

1464.

p.

Baltimore

Appleton Co.—Earnings
■

30

value,

distribution

share

per

of

par

no

similar

.

■■

Liabilities—Accounts

being made under

the

annually.

vesting

or

seen

Boston.

accept

.

the

with

867

tendeied
owns

Co.,

to

p.* m.,

lowered.

one-fourth.

under

20

an

the* charge for each additional minute is
for the first three minutes, but under the

saving of 50

Jan.

charge

present

whereas

with

revenues

telephone

Washington to Denver costs $3 for
a

announced

represents-an

made

Trust

company

to

up

in

Reserve

To Reduce

The

St.

&

among

Kingdom

of

National

and

made

difference

contracts.

items,have been distributed

of

method

sterling

of

the

.

Telephone C.o. of
Cincinnati & Suburban

Western

of

depreciation

provisions

in the sterling area
shares, and it is hoped that the small number of dollar
be acquired at about, $70 a share, which is the recent
over-the-counter
price.
On these bases the estimated market value
of

prevent

the; following

company

Dec.

$51.05

public.

company

f Total

Certain, retroactive

which

included

1942

pending re-negotiation

Note
in

No

elapsed months

the

of

retirement

amount

securities

order

subject

are

shares

Bell

Telephone Co. and other companies not consolidated.
dividends, of majority-owned subsidiaries not consolidated

(estimated).

1943,

party

provisions

was
included in a vesting order dated Jan. 26,
last, 87'% of its sterling shares had been acquired
tentatively held to the order of the Minister of Finance.

the

equal

.

,

of

complete investigation of

Colony

this

of

agent

t After
for

1,

either

Androscoggin Mills, Lewiston, Me.—Tenders—
The

lotal excess profits tax credit of 10%
000

with

lieu

the

Jan.

by

contain

2,

so

It

and.

$10.43

.

income)— ,'.

net

conditions

stock

action.—V.

res.

,.

of

to

acquisition

Britain

has

Treasury

of 3Vi %

Canada

each,

♦Per shr. Am. Tel. &
Tel.

and

effective

are

in

to

states

rate

two

Canadian

remaining shares

2303.

p.

lease.

agreements

RR.—Control, Etc.—

the

United

securities

the

Canadian

about

suits

of

the

the

of

exchange

War

defendants

the

brought by citizens.

being

Keresey,

indictment.

-

Stock

Co.

U.

of

carrier's

stock

Assistant

the U. S. District

in

ment:
"Neither

Applic. to Am. Tel.

filed

question are connected with the Pawtucket plant of
& Cable Co.
Mr. Troy asserted that the reason

civil

the

and

under

new

terms

harmony

Atlantic

an

Great

respective

the

rate

Under

Wire

the

indictments

"informer

:

7.855.645

.

bringing

in

Anaconda

criminal

202,799,269
•)

,

•;

public.

a.;"

-

applicant,

terminated

property,

lease,

pay

United

in

in

As

shares

Sued—

and

Troy

have

$2,000

recover

collectively from

The officials
the
for

•

reserved

McEntee

M.

this

to

such

the

to

were

The

seek

for

$312,451
Net
♦

Attorney George F.

Edward

to

into

the

of

proceeds of loans from

The

Providence, R. I.,, six civil suits against the company and
its. officials who were indicted on Jan. 14 for alleged fraud
United States Government.
The civil suits are brought to

brought

,

&

Mexico

215.

Kingdom

the

vested

1942.

at

of

the

City

Gulf &

New

system,

the

and

conform

Commission

of

which
of

made

at the

Denver,

had

7

it

United

which

the

Economic

granted—V.-

were

Co.—Officials

Cable

&

District

the

its

become

until

repatriate securities of Canada

acquired by the

of

Commission,
of

from

Jan.

indicated

company

wage

Metals

dispatch

alleged damages suffered by the Government, the
Department and financial officers of the United States.
The

251,202,197

13,311,563

States

Attorney

record

Interest deductions—

Wire

proper¬

prices equal to the market value of the securities at the date

'

Anaconda

to

approved

Under

intention

Canada,

Charles

8

the

residents

the

stock

A Net -oper.

and

writing,

St. Lawrence

Jan.

purposes

to

by

being

employees

Director

Press

decision

the

because

10.000

reported-by

was

area

James

an

explained

prices

approximately

for

pay

the-Butte,

approved

2094.

p.

dated

in

leases

p.

obligated

residents

flncludes New Years.—V. 157, p. 214.

Byrnes

and

substitute

that

reason

thereafter

capital stock at the

the

virtue

45,715,000

54,066,000

Mr.

157,

purchasing in Canada
quantities of goods, supplies, materials, and munitions; and,
Great Britain in this connection, Canada has made
large sums
currency available in exchange for sterling balances in London.

its
is

of

1939

61,155,000

80,072,000

Graham

ago.—V.

year

Co.,

of

of

to

incorporated under the laws
Its
properties consist of

war

held

42,574,000

73,424,000

to

the

for fixed

control

1853.

be used

53,526,000

Mr.

the

157,

of

is

is

aid

of

1 Qtft

54,490,000

referred

25,211,747

effect

designed

on

1,

large

last

the

60,199,000

according

parts

as

desires

now

be

to

are

in

bring

report

For

to

for

'IQIO

55,439,000

Denver,

lessee,
leases for

or

accounting

of

tional

It

i

66,901.000

been

to

carrier's

corresponding

energy

61,369,000

of

Ry.

Vermont.

Aug.

increase

an

72,666,000

lmve

a

track extending from Island Pond, Vt., t.o Portland, Maine, and about
83 miles of other
tracks, and have been operated by the Canadian
National, and its predecessors in interest, under a 999-year lease dated

company

73.496,000

Stabilization,

units

subsidiaries

are

properties

previous notice

ICC

The

it

72.928.000

Graham
to

'■ TtL-.. ...%

week

units

ownership.

and

.

71.785.000

in

the

for

.

leases

of

Lawrence

1

electric

of

1QA1

1942

this-company

report

hereafter

Ry.

stock

Inc.—Output—

1

output

,

day increate

'

Atlantic &
The

is

79.691,000

ti

Corp.

for

days'

tional

Con¬

2

SI

121,658,812

Southwestern

companies

existing leases
accounting.—V.

Anaconda Copper Mining Co.—Wage Increase—
A

of

Kansas

their

continue

method

because

Commission

totaled 80,072,000
;

16—__

Co.

lessor

new

to
90

the

believes

company

the electric properties of

weekly

of

Ry.

intended

the

that

company

the

because

and

1943,

output

table

Co.—Weekly Output

Gas & Electric

Jan.

on

latter

The
are

on

juris¬
juris¬

has

which

available

12 authorized the lease
by Atchison of the
California, Arizona & Santa Fe Ry. Co., Dodge
Valley Ry., Fresno Interurban Ry. Co., Garden City,

operates

the

on

.

;

56,547,317
,

the

9___~

Jan.

-

•

922,200,869

];!

.

.

taxes

The

1942.

26—LJ

Jan.

^,

1,453,130,841

profits &
tax

rates

"Includes Christmas:

1942—12 Mos.—1941

expenses..

-

apt,

to

'

principal telephone subsidiaries)

and Its

382,559.308 330,521,221

profits

credit)

of

Ended:'

tJan.

■

■?

.

the

Commission,

1943

periods

•

1942—3 Mos.—1941

inc. taxes (less tot.
excess
•

the

in

Earnings

revenues.

excess

to

*"

under

cash

may
not be suitable because depreciation ac¬
fixed. property
becomes
mandatory, effective Jan. 1,
1943, under the Commission's orders of June 8, 1942, in the matter
of modification of
the uniform system of accounts for steam roads.

■

are

to

;

Railroad,

counting

so

& Tel. Co.

.

"Fed.

have

*

System Consolidated

Period End. Nov. 30—

Operating
Operating,

items

*

Bell

only.

of electric energy of

years

"Dec.

$8.73.

,

applicable.

of

Wk.

,

Note—Certain

least

burden

the average for

of

equal

,

present

Comparative

-

tDoes otft include the company's proportionate interest*,in undivided,
profits or deficits of* subsidiary companies.
,

which

a

within

9.05%r

week

per

the

rates

rates

week ended Jan.- 16,

the

of

the credit has.;

reservation,
&. Telegraph Co. for

of American, Telephone

are

for

respectively to $ 1,558,S.,

Before, such

in excess

American Water Works & Electric Co.,

and $2,511,000 for the
currently through retirement of debt,

above.

is

amounts

Electric

&

production

applicant,
the existing

for

to

are

should be considered by themselves regard¬
earnings and insisted that, when so considered,
return greater than could be justified.

under
is

$10.01

credit,. $873,000

used

income in the amount of the unused

reserved

share

UU§

been

amounted

the

of

those

were

further

a

in

par

the

the

latter

President

rates

ICC

of

Central

important to have the rate proceedings discontinued so that it could
get'on with the business of helping win the war."—V. 157, p. 214.

•For; the 3-month - and, 12-month .periods ended Dec, 31,. 1942, the
excess

to

add

Communications

interstate

position

Output
total

agreed
to

which

company

reductions

sidered

1,149,488 Dr7,100,000
18,793,589
4
•' •

of net income).$1.98

res.

business,

the

31

126.

p.

Associated

,

Northern

••

message

above

Cimarron

and

and

Gifford,
.

reductions

of

from such

unsound

43,194,775 163,049,000'186,974,735"
'r'mJL^yr 1,968,000 42,045,287 168,181,000 168,181,146

42.045,000

Balance

•Earns,

'

■

S.

basic

in

at

157,

Gas

214.

over-all -system

'.'The

22,375,167
of

.

"Net income reserved..

the

Federal

they produced

187,632,000-209,349,902

6,483,659

the

the

over

earnings
less of

Interest

Walter

case,

reductions

no

Jan.

15 net electric output of the Associated
Gas & Electric group
133.875.256 units (kwh.I.
This is an increase of

The

30

over

lines

company

until

sidiaries—

long-distance lines.
■'./.'
"The extraordinary volume of long-distance business and the over-,
loaded -condition of the long-lines plant have resulted, in all proba¬
bility only temporarily,
in
a
rate
of
earnings
for
the
long-lines

diction

51,223

,.

rate

the

extended

certain

neces¬

telegraph and program
lines and Mar. 1 for

•

that

and -that

department of

'9,668,134

.LA---;.' 1,580,000

income,

noted

Bell. Telephone System as a- whole.
"The
long-dines department rates

169,759,381

Interest-income

made

the

said:

T.,

be

through /stimulation

.

\

will

between

Extended—

has

and

stock

common

trustees of

10.0%

or

P-

service.

agreement

Co.

purpose,—V.

a

the

'

/

SEC

Atchison Topeka & Santa Fe Ry.—-New Lease of
Sub¬

of

long

the

12.216,444

already overloaded

.

•

its

such

The

calls.

rate

of

ended Jan.

a

at

to

companies'

.

telephone

Feb.

interstate

the

on

terminates

T.'&

"It

199,322,000

18,341,000

cr.)f

taxes

Other

38,698,400

-

26,532,000*

which

A.

Dec. 31,'41
be

Operating
Operating

commenting

FCC

—12 Months Ended-—»

—

Dec. 31,'41 Dec. 31,'42

of

Electric

Associated

no

reduc¬

contended

accelerate

Co.—Time

request

consummation

Associated

•

.

Electric

company's

for

was

already

priorities

be

no

last year.—V, 156,

18,

inter-company transactions between
Tri-Clty Utilities Co. Transactions involve
reduction by Tri-City of its
capital stock through purchase and retire¬

sub¬

In
detailing the savings, the Commission said there would be a'
"$22,800,000 reduction in the overtime rate per minute from approxi¬

Earnings of American Telephone & Telegraph Co.
(Figures

the

time

to

long-distance calls since

10, May 1, Aug. 1 and Nov.

308.

p.

At

lines,

said,

FCC

equivalent

made on March

were

saving

private

the

are

expected

was

ordinary

company's

Co. of Indiana—Accumulated Dividend

dividend of 70 cents per share has been declared on
account of
accumulations on the $1.40 cumulative preferred
stock, par $1. payable
Feb. 10 to holders of record Feb. 1.
Distributions of 35 cents each

over¬

telephone

initial

when

point

Fed-,

active

on

all

broadcasting

Commission

Marti

now

broadcasting

private

in

time

■>

,

share

will

company, in opposing
reduction in telephone rates

rates and charges
lines department Of

in

bythe long

Telegraph

Commission

35,000

armed

reduction

a

services, furnished

rcommunication

the

of

A

organizations

The

critically needed in the war
a
sympathetic appreciation

are

effort.

in

tion

telephone installations and the request for curtail¬

on

also

or

and

small

increase

•*'

'

-

persons

The

distance
.

43%

•

public to

-■

-

leases

.

has'been under way and
refrain in so far as'
calls, particularly to

program

long

urge

Government

approximately
lines and 35',)
in private telegraph lines.
stations, as the casual users of telephone
lines, will benefit from a lowering of the initial rate per hour for
line costs by approximately 50%.
Larger broadcast users will benefit
by a reduction from $8 to $6 per airline mile."
25'.)

The

in long distance usage, are made necessary by the restriction of
telephone construction because it requires substantial amounts,

ment
new

of

to

unnecessary

.

stantially from the reductions, which

up

continuing in full force

possible

agreement would cut
$11,900,000
private telephone and telegraph lines

The

by the company.

newspapers

the unfilled orders will increase.
Long distance traffic continues to increase. As the circuits are over-

■

the

for

T.

System.

"All

only for war and certain other essential purposes. Under these regula¬
tions, brders weren not filled in 1942 on some 200,000 applications for
main telephones and about 225,000 applications for other services such'
as
residence extensions and auxiliary lines.
As spare facilities in the

preferred stock (5,824 shares), $582,400; com¬
stock (94,494 no par
shares), $1,889,880; surplus, $2,161,223; total,
$6,523,421.—V. 157, p. 214.
mon

to the
presumably will be the larger share of revenue of the long
department which will
be
turned
over
to
companies in the

lines
Bell

contingencies, $200,000;

'

•

for toll calls, the
of long-distance telephone service.
$16,000,000 not listed as a direct immediate

public

to gain, it is becoming' in¬
creasingly necessary to withhold filling orders for new installations.'
Government
regulations in
effect require that,
except when.. spare
facilities are available, installations of new telephones may be made
Although

-

.

-

user

The

year.

that

bill

&

conferences.

charges

single

at

private

said

T.

Government

time

'

by

Government's

leased

lines rented

American Telephone & Telegraph

leasing of long-distance telephone service.
A public
investigation proceeded only two days before it was

followed

$1,141,831;

(John)
The

reserves

reserve

for

in

Bertram

directors

addition

to

have
the

&

Sons Co., Ltd.—Extra

declared

regular

an

extra

dividend

semi-annual

of

dividend

5

of

Dividend—
cents

15

per

share

cents

pec

THE COMMERCIAL & FINANCIAL CHRONICLE

342

share
of

the

on

of

cents

15

Like

31.

paid on

were

Bethlehem

Feb.

15

15

to

John

holders

and

Aug.

Steel Corp.—Redemption

W.

O.

food
of

Dillingham,

division

Best

Foods,

General

with
V.

in

the

for

last

Inc.

will

He

-

be

months

six

Washington, has

been

assisted

loan

on

elected

the

by P.

L.' O.

Manager of Hecker Products Corp.'s flour and

W.

157,

A. Schroeder

and

J.

J.

Jones

to

the

(par $1).

since

Jan.

2

These

securities

have

exempt

securities

WPB's

Smith, formerly
cereal division,

dealt

been

in

formerly listed
of

the

ties

the

be

which

issued

in

stocks

common

of

corporation
York

New

corporation,
will

the Exchange

on

Maryland

of

merger.—V.

S.

Inc.

The

Building,

$2.50

111.—Completes Plans for $7,500,000

no

able

(N.

Y.),

and

the

for

common

outstanding

was

prior

portion

—-

sales

——

——_

1—...

Operating

Maintenance

Amort,
Taxes

of

from

—

-

-

(net)

Federal

Federal

Net

for

333,845

before provision for Federal income tax
excess

Net

income

—

-

surplus Jan.

Total

average of 5,000 wool Army blankets and 25,000 square yards of
heavy Army cotton duck are rolling every day from the looms of. this
company and from its machine shops is coming a steadily mounting
volume
of metal war materials.
This large-scale transition
of the

from

to

peace

Sweetser,

production was disclosed on Jan. 21 by
summarizing the company's activities

war

President,

of

the

oldest,

producers of

in

in

and

carpets,

other floorcoverings,

and

rugs

the country's

of

time one

peace

„—

Dividends declared

on
on

electric

Earned surplus Sept. 30,
—V.

239,235

239,333

$2,310,530

——T

(net)

$2,015,952

Dr38,591

Dr3,808

$2,271,939

$2,012,144

1,013,544

1,113,730

—

—

deductions

—

—

r

—„—_

————

"■Provisions

$803,734

—

$8,701,31-9
981,000

stock—

preferred stock

122,837
$2,255,285

plant—,-

..

for Federal

1942

normal tax,

Act.—V.

Revenue

$1,258,395

—

the eleven months ended Nov. 30,

and

surtax

$898,414

profits tax for

excess

1942, have been made

the basis of

on

127.

157, p.

Years Ended Nov. 30—

7,897,585

common

159,576
$2,549,765

—

380,000

u_————

Dividends declared

largest,

this company

'

—

38,080

1942—

Net

for

Other

1941

1940

$186,467

74,605

75,650

$135,301
72,001

deprec—
fees

for

Reserve

—1,650

Net

1939

-

$197,632
73,354

1,650

1,550

1,550

48,982

50,620

25,141

1,687

1,500

19,927
1,732

$83,365

$57,048

46,000

46,000

$40,091
55,200

$37,365

$11,048

*$15,109

106,490

121,599

taxes——

charges
income—

Dividends

(& Subs.)—Earnings-

1942

$210,289

profit-—

oper.

Directors'

$7,682,239

157, p. 216.

paid

——

products-fabricated

duck.
shops, employed normally in servicing its
have been converted almost entirely to war
production and have been substantially enlarged.
By the end of 1942 the company had produced and delivered over
1.000,000 Army blankets and more than 5,000,000 square yards of
Army cotton duck.
The company early in the summer <?f 1941 anticipated the need for
additional manufacturing facilities for wool Army blankets.
In order
to be ready, several axminster carpet looms were changed over and
a
few thousand commercial blankets produced;
After developing the
manufacturing technic, the company went after its first contract,
which was for 50,000 blankets.
Along with its tremendous volume of war work, Bigelow-Sanford is
turning out carpets and rugs and other floorcoverings, but on a very
much restricted basis, this by reason of the limited materials now
available for that purpose.
Approximately 80% of the capacity of its
plants is now devoted to war production.—V. 156, p. 2033.
The

from

machine

company's

textile

vast

for

1942

year——
executive officers-

of

1941

2,203

$95,383

'

110,400

Interest

on

for

Prov.

excess

265

Net

earnings

Prov.

4,844

5,388

5,913

60,000

38,320

inc.

$83,361
$71,745
$77,411
Common dividends
—,
„
48,000
48,000
68,000
t Earnings per share
$1.04
$0.90
$0.97'
"■Before remuneration of executive officers, directors' fees, legal ex¬
penses, provision for depreciation, interest on debentures and Dominion
and Provincial taxes,
ton 80,000 shares of no par common stock.
u

———

,

——

——

Sheet,

30,

Nov.

1942

$50,000; accounts receivable (less

for doubtful debts), $126,820;

reserve

inventory, $549,640; portion of excess profits tax provision, refundable
of

terms

profits tax act, $1,971; fixed assets (less reserve

excess

for depreciation

deferred charges, $4,518', total,

of $232,364), $122,456;

$855,605.
Liabilities—

Current

liabilities,

debentures,

$257,691;

stock

(80,000 no par shares),
total, $855,605.—V. 155, p. 594.

mon

$85,475;

$115,000;

surplus,

earned

Bales

1942—-Month—1941

$4,843,541

——_

—V.

25,877

19,462

14,614

$3,455,715

$2,179,804

$2,075,034

& sell. exp._

*1,120,732

949,681

839,576

749,934

Prov. for deprec., etc.—
Amortization of patents

749,478

574,273

445,389

484,047

22,727

90,909

45,533

64,095

Adm.,

Idle

gen.

plant

Prov.

—

•

—

(net)—'

exp.

for

Fed.

income

and

taxes

Pa.

t2,410,000

— —

profit

fFederal

680,000;

Federal

excess

Federal

Net system

the

week

ended

compared with 31,571,000
increase of 7.1% ,
.
the

For

lcwh.,
V.

an

.157,

$341,000;

profits

goodwill, $1;

credit),

etc.,

$40,390;

Jan.

kwh.

total,

from

and

dividend

California
Operating

unexpired

$43,951,541 $45,328,333

Taxes,

for

1943,

was

the

week

ended

33,827,000
Jan.

1942,

17,

as

were

oper.

2,

Electric

credit

$152,062.

Feb.

1

of

record

and

May

Jan.

$1

1,

18.

on

of

than

Power

of

$20,000),

tax,

$85,000.

$1,-

profits

excess

tax

(post¬

prepaid

premiums,

taxes,

stock,

$106,103;

(&

reserve

for

Subs.)—Earnings—
1942—12 Mos,—1941

'

$5,425,652

$6,012,650

21,566

240,003

new

ment

of

suit

1,838,775

1,904,587

49,106

634,438

61,766

51,945

730,599

617,801
620,414

$200,187

$149,472

$2,568,834

$2,060,322

4,971

3,311

44,266

$152,783

$2,613,100

Prov.

—

for

Fed.

taxes

(including
profits tax)

Aug.

1,

capital stock,
during 1942

75

cents,

—V.

Corp.—Old Management

$3,200,000

in

York

New

paid

in

Supreme

commissions

Court
the

to

Jan.

19,

119,984

1,327,558

1,341,584

423,500

Cr2,170

23,120

92,196

$73,270

Brewster

Sued

the Hayes Aircraft Accessories Corp., and an order
exempting Brewster
from payment of another $2,000,000 due as commissions
to Brewster Export. Justice Charles B. McLaughlin reserved decision

Aeronautical

on

a

with

motion

by

Brewster

earlier

an

suit

Aeronautical

involving

to

similar

consolidate

charges

the

brought

actiou

new

by

minority

stockholders.
The

earlier

Miranda,

F.

displaced

after

last Spring,
notice

The
two

of

suit,

causes

the

Zelcer

others

and

Federal

for

suit
of

is

the

action

suit

new

based
of

on

the

the

156,

Feb.

Miranda,

the

took
8.

The

February
allegations

paid

the

over

stockholders'

were

Jr., Ignacio

management

the

same

earlier

panies to which the commissions
interests.—V.

on

for

J.

of

Government

has been set for trial

trial

new

brought against Alfred

William

that

corporation
term also.

as

those in

suit.

were owned

The

"■Total

filed

the

(&

Subs.)—Earnings—
1941
1940
1939^"

Charles

J,

Committee.

Hess

has

Hardy,
Ronald

been

two

Proportion

who
R.

will

Chairman

continue

Monioe,

President.




as

of

the

Chairman

Vice-President,

90,039

1,750,000
89,458

1,113

2,541

Prov.

for

bond

work

is

of

succeeds

the

Mr.

succeed

Executive

Hess

as

already

Navy

V.

will

continue

of

Hurricane

under

in

way

Bombers,

through
orders

brought into

Production

110,000

110,000

2,175,000

1,800,000

1,780,000

395,000

and

the

have

shells

of

Cherrier

In

the

1942

States

and

declared
Mr.

fees

10,740

income

10,720

10,720

to

$0.18

in

•

Assets—Inventories,

have

nearing

for

the

been

says

completion

production

ordered

by

and

of

the

the

U. S.

of

received

for

airplane propellers,

which

year.

calibre

large

the current
Canadian

is

expected

calendar

Car

to

continue

un¬

year.

Munitions,

Ltd.,

heavier
stand

made extra

company

provision
taxes

Government

reports

than

until

the

anticipated

negotiations

Government

tax

the

and

dividend

which

was

■

this

on

particular transaction
was
set up must be allowed to

reserve

the

between

Agency

and the

Company

U,

S.

See also report in V. 157, p. 216.

completed.

are

for $752,500 for United
the

on

was

-Earnings-

Week Ended Jan. 7—
Traffic

earnings

1943

1942

$3,929,000-

i.———

$3,766,000

1942

.

Traffic

Earnings—————,—!
157, p. 217.

,1941

.$4,727,000

$3,609,pOO

Corp.—12 V2-Cent Common Dividend—

directors

on Jan.
19 declared dividends for the quarter ending
31, 1943, of $1.25 per share on the preferred stock and 12% cents
on the
common stock,
both payable Feb. 6 to holders of
record Jan. 30.
Distributions of 12*/a cents per share were also made

Jan.
per

share

the

on

common

stock

cents each on Jan.

Central
ICC

Pacific
Jan.

on

Central

on

8 and

Aug.

31 and May

last year,

against 25

as

Railway—Abandonment—
issued

13

Pacific

Oct. 31,

7, 1942.—V. 157, p. 217.

Railway

certificate

a

Company

permitting abandonment

and

abandonment

of

by

operation

by the Southern Pacific Co. of that part of the so-called Keeler branch
extending from a point near Laws to the end of the branch, near
approximately

Calif.—V.

30.64

miles,

all

Inyo

in

and

Mono

Counties,

128.

157, p.

10,880

$1,631,060

$1,332,220

1,004,345
from

per

on

40,000

$1,412,727

1,305,649

$1,475,648
1,004,345

dividends

"■Includes

arrears

year.
been

plant of

Canadian

Century
Preferred

is

preparation

which

by the Agency Company.

Drury

Benton,

...

income

the

in full
production during the last fiscal year. Currently the plant is producing
at a rate approximately double the capacity for which it was
designed
and built, says Mr. Drury.

The

110,000

Reserves

Net

aircraft

production last

interruptedly throughout

1,120

110,000

profits taxes
Directors'

of

Production of Anson twin engine advanced trainer
planes

Additional
were

the

expense.,

Dominion

disposition

shares

M.

$3,000,000.

Dive

Government.

75,748

re¬

1,004,345

1942

and

share
$0.54 in

for

the

$1,559,284;

Henry R. Guild, of the law firm of Herrick, Smith, Donald, Farley
& Ketchum,
has been elected a trustee to succeed Charles Francis

ended

Nov.

30

1941.

accounts

who

Reserve

years

cannot

its

1942

receivable

(less

Shares Trust—New Trustee—

•

Adams,

investments.

common

Consolidated Balance Sheet, Nov. 30,

to

to

construction

Curtiss

.

provincial income and

by the Miranda

Board

$3,978,203
592,507
27,300
1,250,000

$5,343,734
505,488
25,300
1,500,000
79,315
690

100,000

of

funding

first
com¬

23,300

1,825,000

remuneration

$5,859,362
442,283

21,300

—

Note—Earnings

elected

442,284

*

fund

amounted

E.

$6,188,202

^

interest

Executive

(J. G.) Brill Co.—New President, Etc.—
Leslie

1942

Legal expense

2095.

p.

profits

Pension

J.

a

about

Celotex

Cement Co., Ltd.

Depreciation

was

corporation

according

at

The

Mortgage

Wipe

$679,096

$862,042

$34,969

and

recovery
Co. and

preference

for

Week Ended. Jan.. 14—

manage¬

asking
Export

providing

on
aircraft contracts has been continuously
hampered,
Drury, by the difficulty in obtaining essential materials.

The

156, p. 2188.

Bond interest

brought by the corporation against the former

filed

was

valued

on

income

to

.

ex¬

—

Net

the

on

Ltd.—Plans

than $20,000,000, of which over
$6,000,000 is for export.
During the past year the company has delivered approximately
$4,000,000 of freight car equipment* of which $750,000 was for export.
Canadian deliveries included 35 passenger cars and 60 street cars,

$2,112,877

108,769

...

—

Co,,

52,555

$205,159

(net)—

Foundry

plan

the

on

&

Canadian Pacific Ry.-

Canada

Aeronautical

a

222,529

135,238

52,152

revenues-

income

total,

more

$325,981;

accrued Federal in¬

Fed.

deductions

taxes, $56,000;

will be mailed shortly to share¬
Drury, President, in his annual report.
details were given but it is understood the
plan will provide for
.small cash dividend and capitalization of arrears.
Uncompleted orders on hand at Sept. 30, 1942, aggregated in value

an

Income

income

Arrearages—

company's

dividends

Mr.

payable,

wages

$407,327

18,177',

depreciation-

income

$21,783; provision for containers

1859.

Car

Dividend

holders,

^

Brewster

Out
The

other accrued taxes, $343,076;

Co.

136,322

income—

on

returned,

for Dominion

reserve

p.

No

$18,344;

pfd.

$468,604

•

Years Ended Nov. 30—

A

customers for containers

V.

Payments

each;

to

returnable, $22,500;
$1,782,384.—V. 156,

-

1942

1942—Month—1941

—II—

other
for

Other

$1.—V. 156, p. 1572.

2,

portion

insurance

$727,742;

1942,

expenses

Net oper.

Pay $1 Dividend—

share has been declared

per

holders

to

follows:

as

Nov.

$1

1

Liabilities—Capital stock (92,000 no par shares), $1,322,503; earned
surplus, $129,903; special property reserve, $25,000; minority interest
in preferred stock and surplus applicable to Western
Vinegars, Ltd.,$32,141,; bank loan, $44,630; accounts payable, trade, $127,924; liability

Canadian
of

'

kwh.,

$1,782,384.

Work

payable,

revenues

Maintenance

reported to the Edison Electric

as

Assets—Fixed
assets
(less
reserve
for depreciation
of $804,104),
$1,187,457; cash on hand and in banks, $6,507; Dominion of Canada
victory bonds, $50,200; accounts receivable (less reserve for doubt¬
ful accounts), $161,111; inventories,
$353,107; goodwill, $24,001; total,

$536,250

taxes

income

Pa.

profits taxes, $855,839;

income

of

Feb.

post-war

(less

$645,000;

employees for War Bonds,

excess

1912

3%

The

216.

dividend

tax
tax,

stock

rebuilding and renewals, $152,302; reserve for contingencies, $269,910;
preferred stock ($100 par), $6,307,300; common stock (266,635 shares),
$2,666,350; paid-in surplus, $7,581*911; earned surplus (including re-,
fundable portion of excess profits tax—$20,000),
$353,996; Treasury
stock (8,674 shares), $810,691; total, $18,898,163.—V. 157, p. 216.

Other

16,

$1.04

Consolidated Balance Sheet, Nov. 30,

$18,898,163.

payable* Nov.

Gross

Bourne Mills.—To
A

$655,168

$1,383,761

capital

refundable

$20,000;

Liabilities—Accounts

cess

payable

State

Balance Sheet, Sept. 30,

war

$397,438;

preceding week ended Jan. 9, 1943, output was 33,626,000;
increase of 5.3% over the corresponding week last year.—

p.

149,800

Co,—Output Up 7.1%-—

output of this company,

for

171,411

Assets—Cash in banks and on hand, $1,929,263; U. S. Government
securities, $150,000; notes receivable (trade), $4,200; accounts receiv¬
able, trade (less reserve of $25,094), $1,468,061; inventories, $2,431,562;
land, $2,024,719; buildings, machinery and equipment (less reserve for
depreciation of $6,355,108), $10,488,967; land not used in operation,

Prov.

Institute

548,000

$1,195,422

and

income

r

taxes

Edison

$121,599

$0.44

—,

250,000

;

—

"■Including

156, p. 2188.

Boston

$2,060,420

$5,725,632

1942—12 Mos.—1941

$5,674,753

4,650,104

$2,160,342

—

income

Period Ended Nov. 30—

Period Ended Dec. 31—

$6,710,524

4,945,850

com¬

Bond Stores, Inc.—December Sales Off 14.6%—

$106,490

$0.62

—

92,000

on

(no par)

1939

$7,106,192

———

—

come

hand, $200; investments, Dominion of Canada bonds,

on

1940

$3,429,838

collected

Balance

Assets—Cash

$117,538

$0.91

.

"■Deficit.

1941

$5,690,393
35,239

Total

—

$129,903

per
sh.
shs. cap. stk.

——$20,463,282 $11,960,839
14,772,889
8,531,001

sales

13,442

—.

and

profits taxes

of

1942

136,616

I

£>r25,000

surplus—

Earned

Gross profit on salesOther income

100

500
529

14,298

63,029

debentures./

Dominion

and

under

Cost

26,192

500
:

depreciation-—--—

(net)

117,538

special

$7,915,564

Byers Co.—Earnings-

Years Ended Sept. 30—

Sales

Net

16,508

fees

Legal expenses
for

26,381

to

*$15,017

reserve.—

Earn,

$161,641

26,243

property

157, p, 127-,

(A. M.)

1940

$178,841

Transferred

Dec. 27,1941

$10,134,839

————

—V.

surplus——
earned surpl._

Previous

52 Weeks Ended

Jan. 2, 1943

.

Prov. for contingencies-

$194,485

the

Renumeration
Directors'

53 Weeks Ended

:

Period—
Sales

Hats, Ltd.—Earnings-

Years Ended Nov. 30—

Provision

:

equipment,

Biltmore

"'Earnings

Balance,

(P. H.) Butler Co.—Sales for Year Higher—

is

today ope of the largest manfacturers Of blankets, the announcement
said.; It'also produces'heavy cotton duck, and a variety of military

-

profits tax—————

398,826

meeting the national emergency.
One

V

excess

7,270,
703;073

283,837

L—

$1,183,734

profits tax)—

1942

1,

507,500

7,106

639,255

taxes—

income

income

income

Prov.

A.

Income

Canada Vinegars, Ltd.

An

company

of

income

Income

$1,004,029
179,705

—

:

(no

243,180

528,000
y;

12,073

—

.

tax

lease

operating

Gross

the

Net income

261,813

—

investment——-..———'

$1,423,111

—73,163

Provision for Federal income

1,278,829

——_

_—

reserve

operating revenues'

Net

322,336

—;

——

1941

$5,516,799

(other than income taxes)——a.-;
for

'

1,233,872

$1,745,447

—„

—

capitalized development———

operations—2

income

Earned

$44,442,088.—

1942

repairs

for

13,580,338

-

—

sion to War Production Reviewed—

in

and

*Prov.

stock

the

total,

—

limited-term

of

Net

t

$147,000;

$5,663,224

—

"■Prov.

—_—.

—

Profit

tax,

revenues

Operation

"

—

-

——

———

Amortization

Other

profits

excess

California Oregon Power Co.—Earnings—

Other

Bigelow-Sanford Carpet Co., Inc.—Extent of Conver¬

John

of

156, p. 690.

$15,325,785

—:

»;

and expenses

—

Profit

and

to

par

Year Ended Nov. 30—

Statement, 9 Months Ended Sept. 30, 1942

Provision for depreciation
Provision for depletion

liabili¬

preference

cumulative

reserves, $1,557,300; preference shares redemption
6%%
preferred stock, $20,086,900; common stock
shares), $6,403,905; earned surplus, $3,640,782; refund-;

$495,000;
$55,900;

(600,000

Rent

Net

.majority

a

and

assets

993;

none

by-products and concentrates and treatment

charges (net)
Cost of sales

taken over by the Maryland
the merger..
Both securities

which

(Maryland),
215.

p.

owned

company

$37,187; preference dividend, $251,086; Government and other taxes, $729,first mortgage bonds, $10,500,000; mortgage on Canada Cement

on

record

Hathaway,

Sales of metals,

Taxes

$537,035; bond interest accrued,

payable,

Approp. for retirement

from

stock.

share
of

1941;

25,

be

survive

for -the

Bickford's,

Inc.

157,

will

latter

exchange

of

Bickford's,

the

and

common

corporation will

per

holders

to

Sept.

Bunker Hill & Sullivan Mining & Concentrating Co.—

the

on

cents

27
on

Chairman, has announced the completion
of
arrangements for a $7,500,000 revolving credit under regulation
"V"
in
connection with
the company's
war
contracts.
The credit
will run to May 1, 1945, and will be participated in by Continental
Illinois
National Bank & Trust Co., Chicago,
acting as agent, the
Bank of Manhattan Co., New York, and City National Bank & Trust
Co., Chicago.—V. 157, p. 127.

registration, and
are
issued or issuable pursuant to the agreement of merger between
Bickford's, Inc. (New York), and / Bickford's Inc. (Maryland).
The.
preference and common stocks of the New York corporation were
as

10

Jan.
made

was

V.

Stewart

meeting Jan. 20 the Board of Governors of the New York
Curb Exchange approved the application of company for the original
listing of $1,449,500 of 6V2% debentures, due Oct. 1, 1962, and 302,946
shares

of

dividend

a

payable

Liabilities—Accounts

Credit—

its

common

$10,

$21,634,703), $35,334,875; total, $44,-

442,088.

reserve,

Bickfords, Inc. (Md.)—Debentures and Stock Listed—

Exchange

expired insurance, prepaid taxes and other prepaid expenses, $130,476;
land, buildings, plant and equipment,

425.

p,

Income

At

director in place of William J.

a

bond refunding expense, $990,000;
etc. (less depreciation reserves of

distribution

Buda Co., Ilarvey,

215.

p.

154,

declared

par

similar

A

since.—V.

Regional Sales Managers.—

as

20.

have

stock,

common

Jan.

Vice-President

Eastern

directors

The

Data-

$4,678,000

Best Foods, Inc.—New Vice-President—

(The)

•

Rovensky has been elected

Brunswick Site Co.—10-Cent Dividend—

principal amount of 6%
purchase
money
mortgage bonds due Aug. 1; 1998, of Bethlehem Steel Co. tendered
their securities for redemption at 181%
of par and accrued interest
under the offer made in November last
year,
leaving $2,822,000 of
this non-callable issue outstanding, according to a report filed by the
corporation with the SEC.
The redeemed bonds have been canceled,
the company stated on Jan. 20.—V. 156, p. 1949;
owners

E.

Harris, resigned.—V. 155,. p. 1828.

15,,

semi-annual distribution
249.

Aug.

on

per

of

payable Feb.

both

$5,

par

amounts

15, 1941, an initial
share was made.—V. 156, p.

while

year,

stock,

common

Jan.

record

last

Monday, January 25, 1943

resigned

Board
be

shares

for

of

because

that

trustee

a

an

of

an

sale.

officer

the
or

a

recent

Mr.

Adams

is

Chairman

State Street Trust Co.,. of Boston.

bad

debts

reserve), $964,874; Government bonds, $2,986,392; Dominion of Canada
treasury bills, $499,345; cash, $1,736,341; investment in company's own.
bonds, $93,500; refundable portion of excess profits tax, $147,000; un-

.

Mr.

Guild

Eastern

and
V.

Gas

is
&

a

157,

p.

217.

director

Fuel

Vice-President

of

of

of

the

Federal

member

a

and

director

bank

of

the

-

the

Associates,

of

ruling

director

open-end investment trust which is offering

Boston

director

Massachusetts

Edison

of

the

Hospital

Co.,

a

Fiduciary
Life

trustee

of

Trust

Co.'

Insurance

Go.—■'

Volume

Aircraft

Cessna

Income

24,087,048

$431,438
406,683

$199,157
181,532

sales $13,501,481

$4,487,725

$24,754

Gross margin

other

on

oper.

460,778

57,312

27,220

exp._

Profit

$12,515,959

—

income

Total

146,486

—__—

income

*$32,558

*$9,595

2,512

$4,026,947
44,194

1,250

$12,662,445

$4,071,141

*$30,035

*$8,345

526,828

—

161,941

2,564

2,289

deductions

Prov. for refund of Ui S.

Govt,

contracts

for

Prov.

for

Prov.

Net

Fed.

est.

income

State

4,800,000

2,294,794

15,342,952
1,254,462

surplus .res.—,

— _

after post-war

Federal excess

First

The

National

directors

5%

t$10,634

Bank,

profits tax of $4,550,300

demand

Sheet, Sept. 30, 1942

deposit

and

25

—V.

157,

The

at

156,

217.

In

request

an

has

filed

in

United

the

and

corporation

(Mass.)—Extra Div.—?

the

by the Commission

proved

holders

security
p. 217.

of

Oct.

on

Columbia

Commonwealth

Oil

Edison

on

percentage

comparisons

16—

January 9

last

year:

181,884,000
186,336,000
171,293,000
170,454,000

__

_______

26—____

:___

weekly

kilowatt

this

corporation,
territory served for

The

6.2
5.7

6.9

Commonwealth Utilities Corp.
All

of

the

outstanding
been

have

on Jan, 20 paid a dividend of $2 per share on the
stock to holders of record Jan. 15. This compares with $1.40

425.

of

attached,

there

for

bonds

will

a

unregistered

called

said

surrendered,

ICC

adjustment,

Nov.

paid

equal

sum

redemption

with

be

1,
cash

in

to

the

of

as

Feb.

15,

account

on

principal amount of

such

Cherry-Burrell Corp.—20-Cent Dividend—

V.

dividend

A

stock,

Equipment Trust

it is staled, has purchased or redeemed in advance of
maturity
$2,520,000 of equipment
trust certificates.
It also has
deposited funds to redeem $915,000 of additional trust certificates in
advance of maturity.—V. 156, p. 2304.

Quincy RR.—Abandonment—

Burlington &
Jan.

on

cent

one

value,

of

13

northeasterly to Moulton,

operation over the line of the Wabash RR* extending from Moulton
northeasterly to Bloomfield, approximately 14.14 miles, all in Appa¬
noose and Davis Counties, Iowa.—V.
157, p. 129.
of

& Pacific

Chicago, Milwaukee, St. Paul
ICC

RR.—Aban¬

certificate permitting abandonment
by the trustees of the line of railroad extending southeasterly from
Blackbird Junction to Island Siding, approximately
13.19 miles, in
Jan.

on

12. issued

and Goodhue Counties,

Dakota

dividend

A

stock,

V.

were

Feb.

Minn.—V.

157, p. 217.

and

Secretary

Jones,

Plant

156, p. 1740.

as

follows:

Feb. 27,
Payments

in

as

Feb.

1

to

the

paid

were

been

holders

cents paid on Aug.

amounts

Sell,,

the

common

record

Feb.

Jan.

on

20

Continental Oil Co.

Net

are

being

now

156,

made

of

Corporation,

Commerce, on Jan.
RFC subsidiary,

an

Cold Metal Process Co.—Pays $225

Coronet

12 announced that
has authorized the
Cleveland,

fr.

p.

1941,

a

declared

of

during

the

25

Jan.

This

Feb,

income

;

1941

£386,485

1,989

1,059

4,153

;

4,556

£393,219

£392,100

900

fees

Directors'

900

189,875

*Drilling, production and field expenses
Administration
for

Provision

Inventory
Profit

54,742

etc

depreciation

adjustment

.

—_

-

42,865

18,558

and general expenses,

£2.1,622 in 1942 and

Other

and

announced

that

on

the

the

plan has

has

been

holders

declared

of

record

1941

1940

$3,927,654

1939

..

$2,777,335

$2,973,880

1,618,947

1,710,036

$1,158,388

$1,263,843

622,367

$1,204,960

612,455-

495,559

522,404

$662,829

$896,103

$741,439

80,320

154,314

39,210

34,159

$1,235,280

$1,050,417

$775,599

44.536

54,343

$702,039
91,921

19,830

60,980

;

1941

1940

$153,738

27,083

31,475

$205,013
56,506

34,746

37,673

25,065

exps._

66,999

78,464

42,486

___—

plan

21,732

•

20.249

■

34,337

14,000

1

•

25,814

28,600

30,675

profit from

$277,816

$24,037

$60,778

1,728

3,203

1,243

3,634

income—-

profit

before

$117,871

$281,020

$25,279

46,455

———

common




167,260

131,210

141,407

*460,400

*207,500

52,000

45,000

$596,384

$494,281

211,950

211,850

$416,710
$211,825

t211,775

25,380

15,215

—

29,193

$251,400

profit

89,564

3,495

9,323

$71,416
100,000
$2.86

$191,456

$21,784

$55,089

$0.87

93,750
$2.20

excess

profits tax.

—

—

Dividends paid
Earns,

—

com. shareoperating expenses.

per

■"After

$64,412

125,000
$7.66

Note—No provision is considered necessary for Fed.
Balance

Sheet, Dec.

31,

1942

Assets—Phosphate lands, net after depletion, $1,175,581; plant equip¬
ment, net after depletion, $477,052; cash in banks and on hand, $359,562; U. S. Government securities, $111,000; accrued interest on securi¬
ties, $230; accounts receivable, $56,548; inventories,
$463,750; other
assets, $26,454;

deferred charges,

$14,361; total, $2,684,537.

Liabilities—Capital stock (25,000 shares), $1,250,000; capital sur¬
plus, $1,250,000; earned surplus, $70,991; reserve for contingencies,
$30,000; accounts payable, $10,605; accrued wages, $1,915; provision
for Federal income

tax, $46,455; State and other Federal taxes, $6,015;
for group insurance, $179: reserve for retirement
plan, $2,129;

reserve

for cost of

reserve

142,958

&

taxes..

dividends

in

29,193
and. $13,000 in. 1941

1942

for

Federal

excess

f$42,355 paid in cash

Balance

bad

debts of

$51,236),

for

property

sold,

excess

profits

hand, $1,030,329; marketable securities,

$393,498;

of

miscellaneous

inventories,

notes

(less reserve for

$590,188;

notes receivable

investments: (including

$7,883;

tax

Sheet, Oct. 31, 1943
on

accounts and

customers'

$5,600),

$50,511;

prepaid

post-war

refund

and

expenses

of

deferred

charges, $114,769; plant and equipment (less reserves for depreciation
and depletion
of $755,069)
$2,528,950; furniture < and fixtures, etc.,
$120,644; goodwill, $1; total, $5,186,773.
,

Liabilities—Accounts

payable, $132,298; accrued liabilities, $144,688;
serial 3V2% notes due prior to Oct/ 31, 1943, $100,000; reserve for Fed¬
eral and State income taxes and Federal excess profits tax,
$481,593;
-serial 3%%
notes, payable to bank, $1,050,000; reserve for contin¬
gencies, $13,288; $1 non-cumulative convertible preferred stock (211,950
shares, no par), $1,695,600; 6% cum. class A stock ($1 par), $486,542;
common stock
(51,806 no par shares, $518; earned surplus, $1,082,245;
total, $5,186,773.—V. 155, p. 2455.

Diocesan Investment Trust (Mass.)—11-Cent
The trustees have declared

>

certificates

a

dividend of

11

cents per

Dividend

share

on

the

beneficial

of

interest, payable Feb. 1 to holders of record
Jan.
14.
Payments during 1942 were as follows: Feb. 2, 11 cents;
and May 1, Aug. 1 and Nov. 2, nine cents each.—V. 155, p. 2455.

'

of New York—New

Officials—

Walden H. Leverich and Donald D, Leeds have been elected Assistant

Viee-Presidents and Wingate

Treasurers.—V.

Fed.

tax

income

^

33,143

$116,144

oper.

drying phosphate, $16,249; total, $2,684,537.—V. 155,

599.

p.

157,

p.

Bixby and Charles E. Dunbar

as

Assistant

40.

Distillers Corp.-Seagrams, Ltd. (& Subs.)—Earningsafter

Profit

Income

all

and

1942

operating charges—
profits tax—.

Provision for contingencies.
Net

profit

Note—No

has

credit

taxes

profits

excess

$600,000.—V. 156,

p.

Dome Mines,

been

Net

3,652,481

for

(no

par)

taken

the

1,000,000
$4,385,365
1,753,870

for

quarter

the

10%

$2.38
post-war

amounting

to

$2,615,319

1,753,045
$1.38
credit

on

approximately

2222.

Ltd.—Earnings—
1942

1941

1940

1939

$6,579,536
-2,556,256

$7,769,368
2,752,275

$7,933,786
2,614,811

$7,462,378

$4,023,280
768,343

$5,017,093
732,348

$5,318,975
408,761

$4,848,968
165,169

$4,791,623

$5,749,441
1,762,498

$5,727,736
82,110
1,562,663
76,225

$5,014,137

109,442
1,305,343
34,006

*$3,846,421 *$4,006,738

$3,842,406

Calendar Years—
Bullion

Oper.

$6,267,800

—

.

—

Outstanding common shares
Earnings per common share

1941

$14,883,005
9,497,640

—_

excess

production

and maint.
operating

Non-oper.

exps_

profit-

revenue

Total

Small

Securities

Co.—Holders

May Receive
Insull Utility Investments. Inc.—

Payment—See

Reserve for deprec

Provincial
Outside

V, 146, p. 3951.

£31,334 in 1941.—V. 156, p. 1740.

quarterly

Federal

Assets—Cash in banks and

$350,000;

1939

$463,637

32,643

93,360

of

and $169,420 paid in class A stock
(169,420 shares of $1 par).
$$148,278 paid in cash and $63,548 paid
in class A stock (63,547 shares of $1 par).

System

1942

Corporation
£133,090

dividend of 25 cents per share has been
stock, payable Feb. 28 to holders of record
Feb.
10.
In addition to four quarterly payments of like amounts
made during 1942, the company in that year paid special dividends
of 25 cents each on Feb. 28 and May 28.
regular

to

2,419,096

Class A dividends

profits tax.

&

expl.

Inc.

writ.

taxes

Off-

Net profit for year— *$3,342,832

Cudahy Packing Co.—Accumulated Dividends—
The

bondholders

Quarters Ended Oct. 31—
Net

14,459
£176,709

Colorado Fuel & Iron Co.—25-Cent Dividend—
declared

Delaware

2,613,410

25,370

♦Including intangible drilling expenditure on producing fields amount¬

ing to

of

plan

had been solicited and secured

of the

exp.

Discount Corp.

Net

of the

1942
——

income

Total

The

to

Hudson

its

$1,508,558

profit

♦Includes

$298,079

—1

Federal

widely
a divi¬
it was

£387,077

sale of crude oil to asso. co

investments—.___

Miscellaneous

of

$593,253

for

2,

prop.

admin.

and

Taxes

Mr. Steckel is a director.
dividend of $7.00 per share was paid.—V, 155,

3 Mos. Ended Sept. 30—

on

respect

&

application

an

Act,

3,045,327

(net)

income

1941.—

on

—

income taxes

Dividend—

Colon Development Co., Ltd.—Earnings—
Proceeds from

25%

oper.

disposal

on

Prefened

common

23.

cents

1940

years

the

on

record

last, and

8,

Phosphate Co.—Earnings—
ming

155.

Interest

filed

$1,827,327

sales-

deductions

loss

Net

(Del.)—Serial Notes Paid—

,

Retirement

which patents are based.

30,

with

1942

income

State

company

Years Ended Dec. 31—

Gen.

which receives large royalties from patents on
used processes of cold and hot rolling steel paid in Dec., 1942,
dend of $225 per share on its 2,000 shares of stock, par $50,
revealed at the annual meeting of stockholders.
Ail shareholders are officers except A. P. Steckel, inventor
Dec.

income

Provision

426.

p.

notes,

Depletion

This company,

On

Delaware

18)

of

abandoned-plant sites
Prov. for depr. & deplet.

cent; and May 25

one

past,—V.

purchased on. Dec. 31, 1942, $9,000,000 of lVz %
the entire amount outstanding on that date.
Purchases
were
made as follows; From J.
P. Morgan & Co.,
Inc., $1,350,000,
and the Guaranty Trust Co. of New York, $7,650,000.—V. 156, p. 1771.
The

to

on

26,

depre¬

from

12.

of a contract with Cleveland Graphite Bronze Co.,

processes

The

(Jan.

1942,

response

depletion)

profit

Interest
on

of

(electricity generated and purchased) for the
1943, amounting to 166,200,000 kwh., compared

Net

.

for

and

gen, & adtnin.

Net

output of elec¬
week ended Jan.
17,
with 169,100,000
kwh. for the corresponding Week of 1942, a decrease of 1.8%.
Local
distribution
of
electricity amounted to
159,700,000
kwh.,
compared
with
163,000,000 kwh. for the corresponding week of last year, a
decrease of 2%.—V. 157, p. 217.
company

♦Income

provide plant facilities in Ohio at a cost in excess of
2$4«0,000.
The Cleveland company will nperate the plant, title remain¬
ing in Defense Plant Corporation.—V. 156, p. 2096.
Ohio,

15,

$4,872,654
(excl.

Gross profit on

tricity

serial

Cleveland Graphite Bronze Co.—Expansion—
Jesse

Dec.

that the

sales

Total

holders

to

27

cents per share has

25

15

Depreciation

Defense

Oct.

and

and

Consolidated Edison Co. of New York, Inc.—Output—

current maturities of serial notes on Apr. 30 and

serially until Oct. 31, 1948.—V.

execution

had

it

under the McLaughlin

Ending Oct. 31—

provisions

428.

p.

The

1942, amounting to $200,000 and on Dec. 29, 1942, prepaid the
of notes, aggregating $1,800,000, which would have matured

balance

and

company

that

quarterly dividend of $1.25 per share
preferred stock, payable April 1 to
149, p. 2509.

5%

of

Other

share has been declared

per

payable

payable

with

Like

156,

of

$1,

par

compares

a

Clark Equipment Co.—Pays Serial Notes—
The company paid
Oct. 31,

25.

1

Aug.

Jan.

15.—V.

ciation

donment—
The

dated

sales

Cost

Conduits National Co., Ltd.—25-Cent Dividend—

issued a certificate permitting abandonment by

branch line of railroad extending from Sedan
approximately 4.83 miles, and abandonment

a

1,

common

record

(W. S.) Dickey Clay Mfg. Co.—Earnings—

2005.

one-half cent each.
in lieu of quarterly

25,

Aug.

1942.

company

of

par

no

semi-annually,

The company,

The ICC

May

the

on

of

holders among the general public holdings and does not
bonds held in the treasury of either company. The man¬

initial

the

Years

Commoil, Ltd.—One-Cent Dividend—

and

the

155, p.

Payments during 1942

Chesapeake & Ohio Ry.—Redeems
Certificates Prior to Maturity—

Chicago,

1943.—V.

declared

holders

to

21,

per

129.

157, p.

15,

10

so

interest to redemption date.
Holders may surrender bonds
Troy, Graham & Co., paying agent, 111 West Monroe St., Chicago,
any time before Feb. 15. 1943, and will receive par and interest

to Feb.

share has been declared on the common
stock, payable Jan. 30 to holders of record Jan. 26.
Like amounts
were paid on July 31
and Oct. 31, last, as compared with 25 cents)
each quarter from Jan. 31, 1941 to and including April 30, 1942.—
dividend of 20 cents

per

extras

fnost favorable.—V, 157, p. 2305.

Net

coupons

bond

any

March

of

bond

each

of

cents

paid

Dairy Corp. of Canada, Ltd.—Initial Dividend—
on

Upon

1943.

subsequent

and

1933,

series

the

of

approval,

first

Co.

certain

An

of

conditions

bonds,

mortgage

Feb.
March

on

announced

for

agement stated

(Colo.)—Bonds Called

first

share has been

per

payable

paid

The management stated that the

include

111.,

A

Hudson

from

accrued
to

Corp.

subsidiaries

of

energy

10

refunding mortgage 4% bonds, due May 1,
1943; having secured the requisite assurances of acceptance of its
plan from over 25% of the principal amount of the issue of $50,000,000.

10.0

business

cents

management

the

debt

% Increase

159,425,000

electric

25

were

with

&

162,014,000

general

of

'

value,

par

Railroad

<

165,277,000

of

distributions

the company during that year
1 and Nov. 2.—V. 155, p. 1598.

Delaware & Hudson Co.—Debt Adjustment Plan Filed

175,528,000

show

to

of
of

with ICC—

the week ended January 14, 1943, amounted to
235,321,608 as compared with 205,611,775 for the corresponding week
in 1942, an increase of 29,709,833 or 14.45%.—V.
157, p. 217.

1926.

company

output

adjusted

dividends

stockholders

to

last year.—V., 156, p.. 1324.

Southern Corp.—Weekly Output—

hour

no

amounts

been

Commonwealth &

16

received

dividend of

Like

of companies,

Kilowatt-Hour Output
1942
1941

Week Ended—

January

with

:/

'/

were

stock,

excluding sales to other electric utilities, for the week ended Jan. 16,
a
10.0% increase over the corresponding period of a year ago.
The following are the kilowatt-hour
output totals of the past four
and

Aug.

Dayton Rubber Mfg. Co.—25-Cent Dividend—
A

showed

weeks

and

respectively.

two-semi-annual

1942,

semi-annual

regular

16

1943,

basis of 51.6%.

a

Wil¬

Co.—Weekly Output—
group

the

two

Feb.

22,

for 41,240 shares and the
offering was alloted
There were 192 purchases by 38 firms with the
largest amounting to 4,958 shares and the smallest, 25 shares.—V. 156,
p. 2221.

providing for
plan was ap¬

The

of

Barney & Co. on the New York Stock Exchange
quickly oversubscribed Jan. 19. The offering price
14% a share, plus a 40 cents special dealers com¬

Bids

on

&

Gas
at

Court

plan

to

declared

payable
July

during

mission.

1942, and was submitted to the
Dec. 30 and 31,
1942.—V> 157,

2,

Electricity output of the Commonwealth Edison

surrender

Dividend—

July 23, last, and $1.50 on Jan. 20, 1942.—V. 156, p.

made

was

Columbia

District

States

an

of

Smith

—V. 157, p. 217.

extra dividend of 20

Chattahoochee & Gulf RR.—$2

addition

was

Corp.—Liquidation—

the

of

per

Davison Chemical Corp—Special
Offering—A special
offering of 21,288 shares of common stock (par $1) by

.

Gasoline

&

the

have

per share,
Jan. 22 and

of 10 cents each on
May

$5,580,865 $80,126,147 $58,178,638
'

'

Oil

at

Corp.,

December

cents per share
in addition to the regular quarterly dividend of 20 cents per share,
both payable Feb. 1 to stockholders of record Jan. 20.
An extra Of
20
cents
per
share was also paid on Feb. 2, last year, and on
Feb. 1, 1941.—V. 155, p. 499.
directors have declared

directors

share

1942—52 Weeks—1941

1942—4 Weeks—1941

$7,458,810

Cut—

stock,

common

cents

record

1740.

p.

application that the court enforce a
liquidation and dissolution of Columbia Oil.

The

Chain Store Real Estate Trust

on

The
10

year's interest on the corpora¬
payable 2 Vz %
on
April 1
and
Chase National Bank, New York,

coupons.—V.

Co.—Dividend

recently

Culver & Port Clinton RR. Co.—Semi-Annual Divs.—

were

corporation

Stores, Inc.—1942 Sales Up 37.7%—

p.

mington

of

The

the

cents per share

25
were
paid on Jan. 24,
year.—V. 157, p. 128.

common

that

full

the

of

_

SEC,

Electric

has been declared on the common
to holders of record Feb. 10.
Like amounts
Feb. 25, May 25, Aug. 25 and Nov. 25, last

Feb.

The

arrangements

$3 per

Colo.

the

next,

1,

__—

Columbia

Chain Belt Co.—25-Cent Dividend—
payable

which

loan

Cincinnati Bridge

declared a quarterly dividend of $1.75
payable Jan. 11, 1943, to holders
Jan. 6, 1943,
Previously, the company made distributions
share each quarter,—V. 154, p. 795.
the

on

record

bonds,

January 2—

dividend of

Pueblo,

declared

Period Ended Dec. 26—

1

on

$16,800,000; accounts payable trade,
$5,110,190; accrued liabilities (includes income and excess profits taxes,
estimated, $5,392,887), $6,144,431; refund on U. S. Government con¬
tracts, $542,199; provision for additional refund on U. S. Government
contracts, $4,800,000; advances received on foreign contracts, $335,121;
employees' bond deductions, $48,280; other liabilities, $16,591; reserve
for warranty and policy adjustment, $500,000; reserve for conversion
from war to peace time operation,
$754,462; common capital stock
(par $1), $350,000; paid-in surplus, $54,522; capital surplus, $2,835;
earned surplus, $1,183,146; total, $36,641,778.—V. 155, p. 2180.

A

with

bank

mortgage

October

on

Sales

Liabilities—Notes payable banks,

stock,

banks

term

a

also

income

presentation

upon

hand, $8,388,636; II. S.
Treasury certificates of indebtedness, $2,800,156; accounts receivable
trade, $6,407,398; inventories, $15,459,844; advances on purchase con¬
tracts, $188,081;. advance to employees, $7,749; accrued interest re¬
ceivable, $6,437; miscellaneous accounts receivable, $17,131; post-war
excess
profits tax refund (estimated), $39,385; property, plant and
equipment (less reserve for depreciation and amortization of $683,620),
$3,139,319; deferred charges, $187,641; total, $36,641,778.
on

notified

for

directors

share

profits tax refund of $39,385.

Balance

Assets—Cash

the

Colonial

t$32,609

The

will
exercise its option under the agreement, and will borrow $4,000,000.
The banks taking part on the term loan are the Chase National
Bank, New York City; the Continental Illinois Bank & Trust Co.,
Chicago, 111.; the First National Bank, Colorado National Bank, Denver
National Bank, and United States National Bank, Denver, Colo.; and

——,—

682,500

{Includes

excess

■

Covington &

Bonds, Bank Loans

on

made

also

May

343

—,

.

■

$1,614,407

350,000

-

fDeficit.

,

.

■

$738,201

income

♦Loss.

directors
last

2%%

and

taxes—

Dividends paid

The
made

tion's

(est.)

Principal and Interest

directors have

CHRONICLE

provision for the payment of the principal
and final interest on the general mortgage sinking
fund 5 % bonds
due Feb.
1, next, of the old company. Payments will be made
at
the Central Hanover Bank & Trust Co., New York, or at the Inter¬
national Trust Co., Denver, Colo.
There are $4,483,000 of the bonds
outstanding.

$17,624

985,522

cost of sales

Other

30 Mo. End.

$13,646,040
9,158,315

$37,588,529

sales

Other

Year End.

Sept. 30,'42 Sept. 30/41 Sept. 30/40 Sept. 30/39

Period—>

Total

The

Account

Year End.

Year End.

Total

To Pay

Co.—Earnings—

Comparative

Net

THE COMMERCIAL & FINANCIAL

Number 4145

157

The

the

directors

6%

Jan.

on

cumultive

preferred

cumulative preferred
on

Jan.

March

16

1941.—V.

30

to

and

stock,

holders

May

157, p.

8.

declared

14

1,

of

last

stock

both

and

payable

record
year

a

Jan

and

on

dividend

$3.50
on

25.

of

per

$3

Like

May

1,

of

on

Aug.

the

on

7%

accumulations

amounts

were

paid

30 and Oct.
.

31,823

167,505

904,012

100,214

■"Equal to $1.72 in 1942; $1.98 in 1941, and $2.06 in 1940, per share

share

per

share

account

108,699

25,

capital stock—V. 157, p. 218.

Dominion Engineering Works, Ltd.—New
Morris

W.

James Wilson,

elected

Wils.on,

President

of

the

Royal

Bank

of

Directors—

Canada, and
President of Shawinigan Water & Power Co., have been
155, p. 360.

directors.—V.

THE COMMERCIAL &

344

Dominion Oilcloth & Linoleum Co., Ltd.—Extra
the

and

declared

directors have

The

dividend of

extra

an

quarterly dividend of 30 cents per share on the common

usual

15. Like amounts
1941.-—V. 156, p. 1236.

both payable Jan. 29 to holders of record Jan.

stock,

paid

were

in

each

1942 and

during

quarter

Federal

Div.—

Mogul Corp.—New Officials—

Olney

been

has

Jones

elected

of

dividend

cents

50

share has

per

declared

been

of

account

on

tl^e 5'/o cumulative redeemable preferred stock, par
$50,'payable March 1 to holders of record Feb. 22. Payments, on this
issue
during 1942 were as follows: March 3, 50 cents; June 1, $1;
and Sept, 1 and Dec. 1, 50 cents each,—V. 156, p. 1605.
■

accumulations

on

Co., Inc.—Annual Meeting Changed

15, announced that the annual meeting day of
stockholders had been changed to the third Wednesday in April from
Company,

March.—V.

Wednesday in

third

the

Jan.

on

156,

1468.

p.

The

Public

cipal

parts

poration

*Net

profit

Shares

'

— —

stock

com.

1939

$397,126

t$338,509

$131,433

Provision for Federal income taxes for the six

tlncludes

totaled

taxes

Current

$250,000.

assets

$3,327,407,

respectively, on Nov. 30,

$2,502,766,

amounted to
comparing with

$5,156,742

directors recently
cumul.

$3.50
—V.

156,

declared

Jan.

per

share on the

15.

the

For

of

companies

American

of

ended

week

operating

&

Power

Jan,

1943,

14,

the

31

the

by

Prepaid
Invest,

prinr

the

week

Power

during

&

inputs

client,

of

Ebasco Services, Inc., which are subsidiaries
Light Co., Electric Power & Light Corp. and

Light

1942

Co.,

compared

with

the

corresponding

the

at

the

conclusion

Commission

order

of

Corp.,

Brook

It

is

ment

-—-Thousands of Kilowatt-Hours-—-

Alabama

and

Water

Florida

Gas

Service

Special

President of Federal,

interfere

with

system

the

in

of

operation

south

of

last year;

dividend

a

record

that

Jan.

per

This

compares

July

on

:

29,

•"

he

with

and

preparation

sheet

balance

accountants

of

as

will

be

p.

and

Dec.

31,

income

1942,

Corp.—

Light Co.

124,865

Pwr.

National

&

Power

panies

&

.

8.9
20.8

17,815

not

figures

Electric Bond

do

Share

&

check.—V.

mailed

the

annual

& Machine

report,

Oct. 31,

ended

of

provision of
constituting

able

in

any

States

that

net

income

for

Oct.

a

a

for

and

31,

the

on

Inasmuch

shares

187,567

With

compares

net

devoted

of

after

event at the present time, since it was not final.
rule provides
that no registered holding company

acquire

of

any

131.

p.

to

the

provisions

income

The

the

Sales

and

mdse., sell., gen.

of

the

Contribut.

49,435,353

39,454,862

30,359,358

29,780,639

142,616

148,984

136,667

145,163

employees

to

Net

sales

Cost

previous

remodel,

Interest

paid

225,746

120,303

affil.

cos.,

Recov.

57,328

28,826

31,851

$2,013,155
42,742

$590,537

$744,214

42,581

45,632

11,220

14,960

69,345

63,050

and

of

non-consol.

assets in

on

exc.

53,944

provided-

reserves

23,684

income

Fed.

for

income

Net
First

17,065

—

$2,206,254

$782,821

$926,697

§5,065,000

—

1,201,444

129,074

136,654

$1,004,810

$653,747

$790,043

102,529

102,529

102,529

84,090

85,683

Net

434,620

364,069

386,654

131,191

$407,533

$454,123

$78,881

$469,650

dividends

surplus...
surplus....

5,419,560

4,965,437

4,886,556

4,416,906

surplus Nov. 30

$5,827,092

$5,419,560

$4,965,437

$4,886,556

215,949

217,782

251,035

Earn,

Shares

Earn,

$3.90

$3.75

$1.85

$2.30

stock

com.

standing
per

*Less

out¬

(par $25).
share com.—

returns and allowances.
costs charged off.
{Agricultural Adjustment
terest thereon.
^Includes excess profits tax
discounts,

tAnd land development
Act tax refund and in¬
(less post-war credit of

$4,065,000.

$75,000),

Consolidated

Balance

Assetsr—Cash in banks and

on

are

renegotiation

the

to

Years Ended Oct.

of

Sheet, Nov. 30, 1942

Profit

partially secured, $28,023;

insurance deposits,

surrender value of corporation life insurance,'$250,562; esti¬
credit on excess profits tax, $75,000; land, buildings,
machinery and equipment (less depreciation), $1,230,020; total, $23,018,983.
$125,565;

mated

1,869,354

$1,404,348
1,139,405

$8,047,825

$2,215,230

$734,297

$264,943

922,377

588,412

405,139

322,183

expenses-

$7,125,447

Dec.

income

$1,626,818

$329,158

14,265

6,530

dian

Fairchild Aviation Corp.—To Sell Unitwas

the

announced

sale

of

New

York.

its

of

This

Jan.

on

that

15

controlling

light

interest

aircraft,

to

announcement

A.

was

this

in

Porter

made

in

is

negotiating

Aviation

and

Corp.,

associates

connection

with

of

the

resignation of Richard H. Depew, Executive Vice-President and General
Mr. Depew will become military airplane production co¬

Manager.

ordinator
Of
was

the

said

of

the

Fairchild Engine & Airplane Co.,

198.000
Fairchild

of

stock

of

Aviation

Corp,

owned

shares

2130.




the

858,420

3,784,678

2,896,008

Total
Vol.

$7,166,158

——

$1,641,083

$335,688

of

payment

22,788

37,284

U.

Fed,

Approp.

30,

1942,

dividend

Trust

May

cont..

for

divs.__

63,000

885,000
$733,295

$1,414,453
300,000

conv._

res.

1,

Int,

200,000

$533,295

$235,404

{$52,574

36,076

88,512

89,567

22,391

paid

358,932

116,610

surplus—

$519,445

paid

_

Weadock,

doubtful

cash,

U.

notes

and

hand

on

series

at Hagerstown,

Md.

Taylorcraft

it

105,000

p.

corporation,
shares.—V. 156,

and

1

and

Sheet,

$3,270;

dividend of $1.75

a

last

2,

year,

1941.
156,

p.

the dividend

for

permanent

share

per

account

on

and each quarter from" Nov." 1.
The previous payment was $1
2223,
^
■>

demand

$2,905,679;

deposits,

U.

S.

war

$50,262; accounts receivable (less allowance
of
$27,415), $2,308,564; inventory, $2,329,261;

plant

emergency

of

$432,832),

$2,720,065;

facilities,

$2,706;

$195,653),

patterns

$790,340;

deferred

in.

Fed.

Fed.

profits

(less

$598,431;

Fort Pitt Bridge Works

"i.

a

charges,

of

20 cents per

for

semi-annual

dividend

of

50 jcents

1942,

Ended Oct.

share

per

(& Subs.)—Earnings—

tions,

sales

_

29,769,396

_

■

3,577

'
•-

gains

$144,334

$150,925

of

receipt of stocks received' as
losses, realized and unrealized,

Value

or

Per

Share, Dec. 31

1941

1940

1939

$23.66

1942
$26.01

$26.58

$30.76

1938
$32.59

deposits,

$1,127,334;

1942

1

accounts

re¬

profits

tax

cost,

Section

under

investments

of

501

(marketable,

based

the

of

total, $4,791,307.

$3,623,901;

Revenue

'

payable—management

of

Act

at quoted market

securities)

requirements

upon

tax

Federal

regula¬

^

and other expenses,
$12,404; accounts payable for stock of General Capital Corp.. purchased,
not

received,

received,

$32,552;

accounts

payable

$10,689;
provision
for
liabilities, $65,712;

$10,066;

total

shares of stock par

value $1 per

for

fee

securities

Federal

accrued

purchased,

and

State

not

taxes,

(represented by 181,713
share), $4,725,596.—V. 156, p. 2306.
net .assets

General Motors Acceptance Corp.—Discontinues Sales

.

of Short Term

Notes—

:

.

'*•:

Charles
From

P.

Fiske,

Vice-President,

a

to

declined

peak

$135,396,000

represented

for

last

states:

year

of

Dec.

31.

on

domestic short-term

.

$479,000,000,
Of

latter amount

the

notes;

The

actual

;

I

.

,

GMAC's

total

debt

$68,318,000

daily ■ decline from

^the high averaged $1,130,000 per calendar day.
Cpllections now are accumulating faster than
the
;

our requirements for
maturing notes, and as-a consequence surplus cash
Therefore, and with great reluctance,^ We are obliged
that until further notice the sale of our short-term note's

payment

of

is developing.
to

announce

*will

be

discontinued.—V.

Plans

'tons

for

of

by

manage

the

William

He

stated

Economic

rubber

request

for

a.

for

in

Mexico

American

of

this

"

to

add

10,000

stockpile "were
Press

'

'

with

the

an-

which will
dispatch from

company,

'

Mexican

:

Government

to

the United States, Mr. O'Neil said.
allocation of priorities, to ship • machinery
to

-

extraction

an

mill

Associated

an

reached

guayule

Warfare.

Co.—To Manage Mill—

guayule
to
the
President

operations,
' ;
'

have' been

Agreements

a

t

•

year,

O'Neil,'

project's

the

of

a

958.

p.

Rubber

&

rubber

Akron, Ohio, says.
all

156/

construction

Crude

•nounced

$37,895,795 $22,866,151

sales

$178,372

date

at

banks—demand

$4,753,600),

necessary

*1941

1942

31—

$147,911

:

•" >

—

~$188ll58
"value

+Before

in

$11,472;

ship

Gar Wood Industries, Inc.

»'

'•

-

stock of General

value'(recorded

A

share on the
capital stock, par $5, both payable Feb. 1 to holders of record Jan. 20.
Like
amounts were paid on Feb.
2 and Aug. 1, last year, and on
Feb. 1 and Aug. 1 of the two preceding years.—V. 156, p. 1863. ■ «
regular

.'

V-

.•

11,472

and

dividends.

undistributed

accrued

dividend

$150,925

8,115
..

Statement of Assets, Liabilities and Net Assets, Dee. 31,

;

Co.—Extra Distribution—■
extra

$178,372

$184,801
•'

Capital Corp. sold, not delivered, $5,546;
accounts receivable for securities sold, not
delivered,' $6,996; dividends
•and interest receivable, $16,058; amount claimed for refund of Federal

for de¬
$434,520;
total,

Co.—25-Cent Dividend—

an.

,30,525

tax—

General Tire
declared

1939

$178,436

27,600

securities..

Assets—Cash

allowance

dividend of -25 cents per

Franklin Fire Insurance
The directors have

1940

*$178,524

31,238

tax„

dividends

ceivable

miscellaneous

share on the
common stock,
par $10, payable March 1 to holders of record Feb'. 1.
This compares, with $1 paid on Nov, 10, last, which was the fir$t
payment since 1930,-r-V. 156, p. 1606.
directors have declared

1941

*$209,610

33,550

Liabilities—Accounts

payable,

,

1942

income

oper.

v

*$218,351

received-

expenses

for

"

Corp.—Earnings—

.

liabilities, $664,354;
provision for Federal income taxes
(less U. S. Treasury notes, tax
series and accrued interest of $1,301,450),
$2,358,563; Provision 'for
voluntary payment of excessive profits to the U. S. Treasury Dept.,
$2,059,965; employees' funds, U. S. war savings bonds (contra), $48,204;
reserve for certain product guax-antee expense, $5,736; reserve for con¬
version of plant and facilities to peacetime production requirements,
$500,000; reserve for contingencies, $206,000; notes payable under loan
commitment agreement for acquisition of emergency plant facilities,
$2,720,065; convertible cumulative preferred stock ($10 pari, $520,290;
common
stock
($2 par), $375,134; capital surplus, $450,450; donated
surplus, $60,000; surplus earned (including post-war refund of excess
profits tax of $32,500), $1,058,491; total, $11,625,482.—V. 157, p. 219.

of

attorneys

are

25.

Net asset value per shr—

$111; post-war refund of excess profits tax (estimated),
buildings, machinery and equipment (less allowance for

Liabilities—Accounts

Cost

Nov.

1942

$11,625,482.

Net

Helm

cumulative preferred stock, payable Feb. l
Like amounts Were paid on March 3.

7r,e

Jan.

Net Asset

land,

Months

&

-

.

Oct. 31,

divs.

taxable

G,

accounts

of

declared
the

.{Net profit for period

on

war

depreciation

12

Dividend-^-

•

record

Aug.

Cash

savings bonds (purchase account—contra), $48,204;
accounts receivable,
employees (less allowance for loss of

S.

of

and

Prov.

$145,837

,

Balance

bonds,

Essery

Amt; claimed for refund
of

$328,173

shares.

the

'

be obtained upon application to the Union -Guar¬
receiver, Union Guardian Building, Detroit, Mich,, and

■

and

Taxes

.

and

'

(Mich.)—Liquidating

Calendar Years—

{$52,574

$235,404

200,000

{$74,965
Earn, per com. share—
f!$4.68
§$3.18
'§$1.04
Nil
■"Of plant and facilities to peacetime production requirements.
{Loss.
{Deficit.
SBased on 139,706 shares of common stock.
liOn 187,567

The

to

Judge George B.. Murphy, in the Circuit Court for

General "Capital

$914,453

dividends

to

savings

;

-

to and including Nov. 1,
share on Dec. 17. 1937,—V.

per

.

3,617,500

for

Preferred divs.

Bal;

which

income

for

Bai.'avail,

Common

F?b. 18 will be asked

on

may

Co.,

holders

Net
■

meeting

preferred. shares, in accordance with
was effected on Apr.
15, 1942, and to

16,000

"1940,

2,059,965

profits taxes

res.

to

S.

exc.

*Approp.

.

annual

of

41,

p.

of accumulations"on

1,307

———

for

and

the

General - Cable Corp.-^-Aecumulated Dividend—

excess

to

taxes

Treasury
Prov.

$19,817,178 $14,206,643

4

{$51,267

74,240

income

prof,

:

Brass. Go.

receiver.

5,973

—

Other deductions

mill

has

been

made

to

the

Board

df

Early action is expected, lie added.—V. 157, p. 132.

Renegotiating War Contracts—

17,632,187

The
Gross

profit

.General
Net

and

profit

Total

on

sales

administrative

annual meeting scheduled for Feb. 2 will be convened to March
1943,' to enable stockholders to receive the yearly report and proxy

income

,

-

allowed, interest expense, etc.——
disposition of certain non-oper. pron._

on

stockholders' int. in profit of. sub.
Federal and State income taxes

Min.

excess

for

Net

post-war

tax

adjust,

and

rehabilitation-

"Figures

common

for

1941

$5,965,663, $3,107,443
159,865
94,632
.

38,676

—

5,416

5,061
555,000

1,240,000

,

$1,174,074
60,000

77,013
80,000

have

been

arrived

at

by

160,000

$1.31

share

$1.39

adding

to'

consolidated profit and loss

the

audited

figures covering the 10-month period from
through Oct. 31, 1941, unaudited consolidated profit and
loss figures for the months of November and December, 1940.
Jan.

1,

{After

material.

The

it

company, it was said, is now renegotiating war con¬
is deemed advisable to delay , publication of the annual

preliminary

consider amendments

negotiations

are

concluded.

Stockholders

will

tp the articles-of incorporation, that will "broaden

the corporate powers of the company and will provide that
voting power
of not more than-25% of the voting stock at any time
outstanding will
be held by'aliens, their representatives, foreign
governments, or their

representatives,
Yankee
Dec.

18,

any. corporation

or

Holders

country.

Network,
1942.—V.

will. also

Ine.,
157,

as

organized

asked

be

authorized

to

by

under

ratify

laws of

the

a

purchase

board

the

foreign
of

of- directors

the
on

132.

p.

550,000

$1,045,682

.

dividends

per

until

{3,500,200

dividends

Common

$3,028,181
79,263

report

704,500

conso»._

—

earnings

Preferred

Earn,

profits

and

$5,914,135
51,528

from

Discounts
Loss

4,

2,212,264

etc,-

expenses,

$5,233,964
2,205,783

$8,126,399

—.

operations
earned, interest received, etc.

Discounts

Prov.

corporation

Taylorcraft

W.

1,600,000
800.000

an additional
16,000 shares of preferred on
This will reduce outstanding preferred stock to 128,000

Armstrong,

{$57,240

40,711

———_—_

Federal

it

800,000

the retirement of

tracts

payable to bankers, $2,200,000; accounts payable,
trade, $1,332,069; accrued taxes, $146,598; due to officers and em¬
ployees, $993,731; estimated. FederaL income and excess profits taxes
(net), $2,596,690; other current and accrued liabilities, $262,405; 7%
cumulative first preferred stock, $1,464,700; 6% second preferred cumu¬
lative
stock, $1,395,300; common stock, $5,398,725; capital surplus,
$1,401,673;
earned
surplus,
$5,827,092;
total,
$23,018,983.—V. 156,
p. 2129.

manufacturer

24,649

•

1,440,000

.surrender of the certificate of preferred stock upon which
is claimed and submitting proper proof of ownership.

post-war

Liabilities—Notes

for

at

by-laws,

1943.

1,

The

$2,603,651

3,585,486

•

trade (less reserve for doubtful accounts and discounts of
$7,993,761; inventories, $9,927,151; investments, $967,492;
estate, $113,410; loans for trade purposes, partially secured, $37,to employees,

L

payment of a final liquidating dividend of $11 per share to the holders
of preferred stock.

$5,800,716

adm.

&

company's

On

1939

1940

1941

hand, $2,270,810; accounts and notes

receivable,

189; loans

26,814

-

$10)—*..—

the County of Wayne,"Mich., in Chancery, "In the: matter of "Voluntary
Dissolution of General Brass Co," entered an
order authorizing the

31

5413,223),
real

consol

108,750

'

-•

—_858,420

stockholders

approve

261,389

Previous

sub.

(par

-

the retirrehient

Mar.

86,673

profit .—.——$1,028,520
dividends—
102,529
pref. dividends.
83,838

Common

26,837

State

&

taxes

pref.

Second

46,963

$6,093,520

income

Total
Prov.

5,328
75,028

■

64,389

7,731

{ Refund
Other

government

10,320,356

preciation
received

Divs. rec. from sub,

the

profit

Gross

$32,500;

$6,004,260
46,625

income

Gross

Interest

30,000

145.000

550,000

rehabilitation

shares)——j..——_

(800,000

_____■

General

$18,368,181

investments,
—

88,468

——

in

45,000

•

—

of

year

sales

of

$412),

—,—

expense

retirement plan
tStore

with

relating

law

1942

for

expenses-

depreciation-

for

int.

stock

152,924

1,742,698

•

Assets—Cash

$55,670,697 $42,020,378 $31,115,387 $30,701,868

admin,

Prov,

1939

1940

1941

1942

—

Cost of

stockholders'

341,869

-

4,287,757

;

adjust, and

preferred

3,051,324

508,871

•

170,737

liabilities-

—

post-war

•shares,—W 157,

outstanding

stock

the

for

contracts

Accoimt for

Income

<& Subs.)—-Earnings-

Ely & Walker Dry Goods Co.
Years Ended Nov. 30—

long-term

liabilities

cumul.

ratify

plants and facilities are almost entirely
its

production,,

war

to

common

*

of

.J

——

:

profits tax reserves

execess

installments
for

etc.-i.

To Decrease Stock—

;

dividends,

preferred

common

contracts.

Jan.

its own securities except through specified pro¬
cedure before the Commission. -Electric Bond & Share flied a declara¬
tion stating
its intention to use $5,000,000 in cash to purchase its
outstanding preferred stock.
The Commission permitted the use of
$2,000,000, but reserved jurisdiction as to the remainder.—V, 157,
shall

and

The directors have

Commission

A

income

interest,

surplus '

share of common stock.

a

the company's

as

equivalent,

was

year

the

$533,294, equivalent to $3.18

Co.—Case Review Barred by

Supreme Court refused

$2,600,000

1,923,209

-

taxes——

Total.

fiscal

the

of

for a voluntary payment to U. S. Treasury
retroactive adjustment of selling prices under certain

share

$4.68

Sell.

Federal District Court lacked

a

$14,206,643

$3,000,000

2

„

surplus

Corp.—Annual Report—

reports

company

1942,

$2,059,965

Net

com¬

any

18 to review a deci¬
jurisdiction to pass
on
a
suit by a stockholder of the Electric Bond & Share Co. seeking
to
enjoin the Securities Commission from preventing the company
from purchasing its own preferred stock.
A
suit by Samuel Okin of New York, owner of 9,000 shares, was
dismissed by the Federal District Court at New York and the decision
was upheld by the Circuit Court.
The Justice Department contended that a review of a Commission
order could be obtained only by filing a suit directly with a Federal
Circuit Court.
It added that the Commission's action was not review¬
holding

1

,

2,276,693

salaries,

Capital

$914,453 after appropriations of $300,000
■to reserve for conversion of plants and facilities to peacetime produc¬
tion
requirements, and $200,000 to a reserve for contingencies, and

Other

The United

88,443

$19,817,178

\

:

general

Common-stock

stockholders

the

to

"334,657

'

1

—

banks———:

contracts——

wages,

Minority
5%

now

599.

155,

128,788

1

—

payable

Earned

dividend

the

,

Supreme Court—
sion

to

'ori

Long-term

16.2

not include the system inputs
appearing in both periods.—V. 157, p. 218.

above

The

Lt.

13,944
15,874

107,050

91,962

Electric

.

Amt.

76,088

171,032

payable

Current

state¬

are

2,111,519

2,044,656

res.)-

-

Federal

$1.60

and

392,841

65,429
-

Accrued

30

52,642

391,129

—

Advances

-

.

51,301

,

47,800

res,)-.,,

equip, (less depr.
etc.——_!

-164,113

-

41,694

tax...,--

depr.

1

36,272,

Liabilities—

Notes

share, payable

1941,

(less

110,285

219;376

1

reserves)

and

dies,

—

Accrqed

of $1

23.

60 cents

annual

the

public

by
of

%

1942

157,088

1943

operating Subsidiaries of—
Power & Light Co.

improvements

tools,

(less

.profits

excess

'

.

Total

States.—

,

operations

Fed.

6,345.806

146,618

consolj-

(not

"

2,615,494

8,966,856

charges—

sub.

of

what

central

land

Can.

$1,939,541
■

3,474,150

reserves)-

<

following
that none

1941

853,005

investments

in

of

Goodwill

Co.,

properties
made

were

and

Reserve

announced

course

—Increase—

American

(less

deferred

to

and

Buildings,' mach.

1941.

certified

the

in

and.

refund

Patents

Serv¬

Water

31

Oct,

'$3,401,403

J

receivable

adv.

not used

Land

Federal

following companies: Union Water
West Virginia Water Service Co.,

Scranton-Spring

declared

Jan.. 14

on

Jan. 31,

on

28,

and

receivables

Post-war

a

Co.,

Federal

stockholders

paid

subject

follows:

as

were

as,

Sheet,

—

—

expense

in

■Other

cor¬

.

National

hand——'—

on

notes

Accounts

to

System

approved

Dec.

Recommendations

would

steps

contracts.

Inc.—Weekly Input—

Services

Ebasco

Co.

Foote Bros. Gear

payable Jan. 2 to holders of record Dec.

stock,

pref.

the

Co.,

properties

water'
Gas

that

Service

"integrated"

to

Jan.

year

1689.

p.

and

Property
moved

Christopher T.- Chenery,

by

the

30

cents

1941.—V. 156, p. 2128.

dividend of $1.75

a

Water

&

directors

In

The

and

and

Corp.—Preferred Dividend—

Eaton Paper

in

Service

Service

19

last

and

$4,687,073

1942,

30,

Nov.

were

Water

plan

interest
Water

Oregon

proposed

The

with

of

as

liabilities

current

special accounts!

in

Accounts

Partially Approved

Jan.

on

filed

(The) First Boston Corp.—$1 Dividend—

months ended Nov. 30,

$250,000 and excess profits tax was $54,000 after deducting
of $6,000.
In the like 1941 period, Federal income

was

Balance

1942

banks

Cash

157, p. 131.

on

post-war refund

a

New

the

the

$246,686

270,000
$0.65

its

Ohio

York

out¬

standing (no par)
270,000
270,000
270,000
Earnings per share
$1.10
$1.20
$0,22
*
After charges and provision for Federal income
taxes,
deduction for provision for contingencies, $50,000.

last,

of

the

on

ice

termed

1940

hearing

Co.,

Peoples

SEC

plan

subsidiaries.
Winthrop Johnson

33

Water

and

of

Counsel

dispose

Co.,

Division

dissolution

Pennsylvania

V.

1941

1942

the

and

seven-hour
to

Utilities

of

Division

testimony

Corp.—Earnings—

Duplan

Consolidated

Cash in

Inventories

of

6 Mos. Ended Nov. 30—

St

Guy

Peppiatt has been named Executive Assistant to the President, H. Gray
156, p. 2130.

Service

Douglas Aircraft

and

Muzzy.—-V.

Investments, Ltd.—Accrued Div.—

Dominion-Scottish

Comparatiye

Vice-President

Federal Water & Gas Corp.—Plan

A

Monday, January 25, 1943

Assets—
Edwin

cents per share

10

FINANCIAL CHRONICLE

1941

deducting post-war refund of $47,800 for 1942.

Georgia & Florida RR.—Earnings—

;

Week Ended Jan. 7—

Operating

revenues'

1943

;_1—Jl-JlZ

r—V. 157, p. 220.
Grumman
crease
Intent

when

it

'

$29,500

1942

$31800

...

Aircraft

Engineering Corp.^—Plans to In¬

Production—
on

"

tripling

or

.

even

turned out about o't

.

quadrupling 1942's production record,
all combat planes built in the United

of

.

Volume 157^'"Numbefc4:t4S

THE COMMERCIAL & FINANCIAL CHRONICLE

•

In. the

corporation,is mo\ycproducing its battlertested< Wildcat
Avenger torpedo bombers at a rate never before touched
of the company, ;it was I'eaYned at Bethpage, L. I.,
N. Y.* on Jan.
14.
Actual
production figures. cannot be revealed, but officials of the
company said the monthly output of planes has1 steadily increased
since last September; and this month seems to be no exception.
During
1942 the company increased production about 500%
over the previous
this

States,'

lighters

and

the

in

>

history

.

V.

,158,

2306.

p.

(M.

•.!->.

v';;

,,

declared

.The directors on Jan. :19

.

Payinents

during'1942

were

as

share

per

holders

of

Hart Schaffner &
-

in

8,218

5,528

5,280

14,239

$1,356,494

$1,115,598

Interest

income

Gross

income

12,

June

and

Earnings

Earned

•

$160,732

$202,766*

450,691

+277,044

+198,022

$437,776

and Canad.

M40.227

profits taxes

exc.

23,300

»• >

3,766,925

3,471,462

and

loss

a

stock—

common

of

$4,598,686

$3,909,238

212,727

142,313

$3,613,775
142,313

$5,550,963 ,,$4,385,959

$3,766,925

tAnd

advances

Federal

1,809,359

$226,864

$102,159

$128,279

11,085

3,533

3,281

7,388

6,095

3,251

1,790

$295,840

$244,044

$108,943

$133,350

8,208

9,664

18,560

—

and

Net

No.

217,793
$3.12

^

•

$4,344

in

1941

(before

wholly owned South American subsidiary company
to reported book value at Sept.'30, 1941.

fArising through conversion of Canadian subsidiary company's finan¬
statements
for consolidation,
from Canadian dollars to U. S.

$3,471,462

dollars and
gOn

11,778

exchange differences

funds

of

deposit

on

Dominion

of

of

T!After post-war

,

credit

the

by

Second

War

parent

on

and

-72,800

.80,800

80,800

80.057

$1.76

;

assets,

depreciation

$1.90

$0.94

Sept.

land,

$148,375),

bldgs.

$271,-

inventories,

and

$350,487;

$1.27'

1942

39,

(net), $648,743;

$5,578;

of

$1,386,771.

equipment

miscellaneous

■

'

.

(less

assets,

.

Liabilities—Bank loans, $351,922; mortgage loans due one
year, $20,G00; accounts payable, $18,601; accrued taxes, $183,839; other accruals,
customers credit balances, $29,799; other current liabilities,
$1,557; long term mortgage loan, $43,000; common stock (less tieasury:
stock
of
$40,000),
$364,000;
combined

surplus,

total,.

$369,819;

$1,386,771.—V. 149, p. 2086.

bonds,

Illinois Zinc Co.—New Director—

by

said bonds.

on

Seton

been

Porter,

elected

President

of

director.—V.

a

Consolidated Balance

Indian

Sheet, Sept. 30, 1.942

National

156,

profits taxes, $9,384.

excess

21,851
$101,835

$24,234;

on

owned

company,

3%

Loan

accrued interest receivable

on

19,812

$79,553; receivables

total,

"i

78,942

$76,138

sh.

com.

current

for

4,7-85

...

$153,574

:■

Comparative Balance Sheet,

other

$31,261;

'143,088

common

per

.Assets—Cash,
reserve

—u-..-

,,—$127,945

shares

.

11,528
'

6,247

inter-company account.

on

Canada

in

Canada

the parent company, and

,

in¬

——~—

profit

,

$4.59

operations

building

on

State,

taxes

come

■

$823,259
493,695

,

to

(not consolidated)
■'

3,201,208

"

and class A stock—

common

share on

per

$591,458

,

cial

$400,788

*

2.073,007

20.730

income„„-„_^_I

Interest paid

Cr3,993
276,700

after including as income an amount of $3,349 rep¬
resenting net adjustments in respect of prior years.
'

1939

1940

2,902,291

$267,722

earned

Total

Dr4,836

•

988
328,927

depreciation) and
<

:

Nov. ,30

surp.

2,976
1

"After write-off of leasehold improvements made during the year 1941
Palm Beach amounting to $1,702, and after a profit of $3,435 in

1942

:f" $381,071

'

8,503
$1,124,101

.

——_—T*_

d

*

.

4,429,634

Miscellaneous income_„„

149;
at

j

4,385,959

Dividends paid

profit

Dividends paid on

dividend of $1.25
payable March ,2 to

1941

•

u—

Earnings
Net

25

$831,761

surplus

reserve

.a—,

for exchange difference

reserve

Provision for Fed.

522,604

surplus

8,082
$1,364,577

u:

1939

'$1,937,038

$2,175,166

.

ex-

Miscellaneous deducts.—'

cost

Total

Interest

improvements-.'-/-—

Profit

$711,056

.

leasehold

of

admin,

Profit

•(Provision to reduce investment in——.——--

;

$5,619,619
68,656

earned

Reduction

12

March

1942

__~ $1,233,660

Total

Previous

..

Marx;—Annual Report—

Years Ended Nov. 30—

"Profit of parent co.i—
Adjustment
J
"i

Amortization

Dec. 12, 65 cents.
regular quarterly

preferred stock,
15.—V. 156, p. 2306.

record Feb.

17,177

194d

1941

$3,129,155

,

$1,152,542

Provision for Fed. and Canadian income taxes—

'i

1942

$4,697,356

selling,

etc,

penses,

,

$1,396,550

—

sales,

gen'l and

.

1941

•'

of

26,557

and trading

_

^Adjustment of

cumulative

the $5

on

1942

.

dividend of 25 cents per share

a

follows:

cents each; Sept. 12, 35 cents, and
-The directors-also declared the

Subs.)- -Earnings—

Sept. 30—

from manufacturing

^Adjustment

,

(&

'

Years Ended

"Income

stock, payable March 12, to holders of record March 5.

the common

on

Helena Rubinstein, Inc.

Depreciation

-

Co.—25-Cent Dividend—.

Hanna

A.)

Iloneymead Products Co.—EarningsYear Ended Sept. 30—
Net. sales,
„

2,000%

about

twelve regular monthly payments of .15 cents
made, and, in addition, the company on Dec, 29, 1941, paid
$1.20 per share.—V. 156,'p. 1608.
»•;
;;.i

preceding year,

were

year-end dividend of

Cost

in 2 '/2 years.
Half the planes turned out
during 1942 came off the assembly lines after September.
The year 1942 was not one of pure production for the corporation,
for* it was necessary to* expand plant-space and facilities greatly.
It
■Was explained that expansion work was carried on, so to speak, with
one
hand while planes were turned out with the other.
Now that
major plant expansion is completed, full time and attention will be
devoted solely
tb the building Of airplanes. (''New York Times,')--1*
and

a

x,_

*

year,

each

34S

Motocycle Co.

p.

(&

Distillers

Product

2224.

Corp.,
.

,

..

■

has

.

Subs.)—Earnings

1

,,".After, providing for manufacturjdrtg, marketing and administrative
expenses and
provisions for depreciation of .equipment, ;doubtiul ac¬
counts; "Federal taxes, etc.
...'
..
.■•' •
'•
' '•
:
.

against investments in capital stocks cf
certain subsidiary and affiliated companies in respect of the increase
in net< worth of these companies for the yar.
:
%
reserves

Note—The

-

parent company's portion of

•

;

notes and

subsidiaries,

investments
<less

in

reserves,

and

and

$6,231,744;

advances

office

trade-marks, $1;

Cost

and

$285,597;

880;

shop

$2,500,000;

trade

payable,

accounts

liability for goods in transit, $45,891; accrued salaries and
wages* $198,699; accrued Federal, state and local taxes, $696 737; re¬
serve for
contingencies, $250*000; common stock ($20 par), $3,000,000;
capital surplus. $1,803,713; earned surplus $5,550,963; total, $14,197,523.
—V. 156, p. 2224.
: i
'
;

taxes,

\

Years Ended Dec. 31—

Sales

of

On

Dec.

was

7.

sales

of

electric

••

$11,316,193

Miscellaneous operating revenues......

489,681

$10,048,161

19,474 >■

.

operating revenue
Operating expenses

39,751

Maintenance

reserve

(net), $674,691; deferred
etc., $1; total, $4,017,388,

5,164,942

common

(bank), $500,000; accounts payable, $85,balances, $20,847; accrued salaries, expenses,

9,

156,

liquidating

a

dividend

stock,

capital
1942,

of

12.3

$2.50,
to
liquidating dividend

a

accrual

714,432

676,400

have

Operating^ income —.Liu..—

declared

dividend

a

of

distributions

including Feb.
143, p. 1231.

of

1942;

2,

50

the

Gross

corporate
on

Interest

160,444
$2,728,583

273,235

reserve......

102,955

Ended

Years

$2,072,119

stock

dividends,..—

"Preliminary figures.—V.

156,

p.

2,309,586

Oct. 31—

(Including wholly owned
Years Ended Oct. 31—

Cost

and

'

Other

income

Total

Fed.

9,957,795

8,664,235

8,512,412

$1,264;668

$1,148,671

$1,208,426

3,395

22.227

Dr5,765

Drl4,189

$1,063,027

$1,286,896

$1,142,905

$1,194,237

(net)_>_-

income.

excess

147,859

taxes-

172,536

160,901

139,039

300,000!

_

income

290,000

154,300

152,000

prof. taxes_:

70,000

7'^^

•

"149,271

Net

for

"162,733

199,842

$590,738

$664,971

$703,356

$664,971

$703,356

200,000

contingencies.
$465,897

Divs

6!/2 7«>.

on

$390,738

pre¬

cum.

u.......

161,211

172,636

180,284

184,912

Class A and B dividends

117,330

234,660

375,456

516,252

ferred

stock

Earnings
■

combined
B

share

per

class A

on

and
$0.89

$0.65

stocks..,—

common

"Provision

for Federal

and State

$1.03,

$1.10

unemployment insurance and social

security taxes.
Consolidated

i,

$1,156,171;

Balance

Oct. 31, 1942

Sheet,

dise

282

taxes, etc,—L;
amortization—.

$256,989

fixed

$1,940,161;

inventories,

etc.,

(less reserve

assets

$41,437; goodwill,

(net),

$1,236,058;

trademarks,

etc.,

prepaid

$1,565,100;

$132,767; accrued salaries, wages and
for Federal State and other taxes (less
U, S. Treasury tax anticipation notes of $100,000), $309,001; reserve
for
contingencies, $200*000; 6(4%
cumulative preferred stock (par
$100), $2,459,800; class A common stock
(par $1), $359,660; class B
common
stock
(par $1V, $109,660; capital surplus, $1,806,695; earned
$146,182;

payable,

reserve

The

have

directors

Stores, Inc:—Pays Accrued Div.—

declared

dividend

a

of

$3

per

share

on

the

which will wipe out all
arrearages on this issue, in addition to a regular quarterly dividend of
75 cents per share, both payable Jan. 30 to holders of record Jan. 28.
Distributions of 75 cents each were made on the preferred stock on
Jan. 30, May 1, Aug. 1 and Oct. 31, 1942.—V. 156, p. 1503.
6%

'

.'

cumul.

conv,

Ilibbard,

preferred

stock,

par

depreciation

and

income

and

excess

45,000
$80,346

,$98,331

$4.59

on

Jan.

Sheet,

Oct.

far,

holders




4

being payable also

on Jan.

29

year..-

$1,014,646

.

500,000

$514,646"

—

dividends^-- L

Preferred

dividends

65

134

66,777

$65,705

89

72,891

—!,

30,325

amortization.

Consolidated

Assets—Cash,
accounts

6,101

$65,705

'

and

contingencies--:

Balance

.

Balance

Sheet, Aug..31, 1942

$341,383;

U. S. war savings bonds, series E, $22,706;'
(current) (less reserve for bad debts of $26,831),
instalment notes receivable and floor plan notes and drafts
(net)*' $59,682;
accounts - and
notes
receivable
(other),

receivable

$1,618,220;

inventories,
$3,453,714;
accounts receivable
(non-current)*
for bad debts of $18,047), $9,447; East Springfield land,
land, buildings, machinery, etc. (less reserves for depreciation

reserve

amortization

ment

(less

of

$592,794),

$1,115,949;

depreciation

for

reserve

$180,541;

loans,

property

$2,715),
*

$2,400,000;

store,

of

$6,891,812.

total,

and

$27,225;

equip¬

deferred

.

accounts

payable

(trade),

$602,-

482;

for

shares), $2,551,614;

par

Inland

total,

Steel Co.—Pays

$6,891,812.—V.

156,

1328.

p.

Off Notes—

The

company reports that $2,800,000 of its 1(4% notes were paid on
12, 1942, and'$700,000 of the,notes due on Jan. 1, 1943, were paid

Dec.

maturity.

of

Jan.

Principal amout of outstanding notes
1943.—V, 156, p, 2039.
,
*

2,

$1,400,000

was

as

Insull Utility Investments, Inc.—Holders May Receive

Small Payment—

31, 1942

on
hand and in banks,
$29,022; accounts receivable,
inventory, $111,262; life insurance
(cash
surrender value),
deferred charges to oDerations, $22,984; fixed assets
(less
reserves
for amortization and depreciation),
$510,370; investment in
subsidiary companies, $516; other assets, $1,432,181; total, $2,128,149.

The

Assets—Cash

$4,402;

$17,412;

Liabilities—Accounts
ment

the

on

payable

and accrued expenses, $89,931; pay¬
U. S, rights due Dec. 8, 1942, $18,674;

account of purchase of

on

income and

for

purchase

convertible

of U.

profits

excess

taxes,

balance owing
1945, $56,021;
$130,500; common stock
$66,231;

rights payable'from

S.

debentures

due

Jan.

1947,

15,

1^43

to

(21,406
no
par
shares),
$300,885;
rest account
(capital surplus),
$1,162,009; earned surplus, $303,898;.total, $2,128,149.—V. 157, p. 164.
,

Horn

Hardart

&

Baking

Co.

Years Ended Sept.30—

Subs.)— Earnings—

(&
1942

1940

1941

•

Sales

—$17,948,692 $14,968,565 $13,482,277
Material costs, salaries, wages and
other oper. expenses-2**--.^-1—14,820,608
12,181,276
11,086,929
Maintenance and repairs—I A-456,091
368,678.,
361,288
-

471 R74.

DepreciatFon anYVmortizalionZl—I

'■

V

4d*i

557,290

7R0

517^911

.

'

494

v

505401

79R

Other

profit---—u_———

$1,640,829

$1,456,971

168,156

165,844

175,453

$1,808,985

$1,622,815

$1,279,686

162,189

income

185,393

199,918

$1,104,234

Total

income

__-----

Interest expense
—
Loss on fixed assets due

of

of

on

demoli¬

25,748

taxes

^

of Pennsylvania

—

—

Federal

excess

Cash

nrofit

-60.028

I—-

1^—

J

50.000

238,324

35,000

255,000

151,900

15,000

$599,899

$1,059,127

$877,868

596,946

596,946

99,491

99,491

99,491

$6.73

$10.64

$8.82

Earnings per share '1—
'j

Consolidated

Assets—Fixed

assets

Balance Sheet,

(less

depreciation

Sept.
and

30,

1942

amortization),

$12,571,-

goodwill, $92,000;
investments, $556,733; treasury stock
(509
shares), $36,637; cash at banks and on hand, $999,625; accounts receiv¬

special

When

.

have

the

reserve

for

master

distribution

$75,000,000
the

is

suit

in

of

suit

was

L.

in

Sam

of

whatever

contingencies*'
$47,160; deferred credit, $14,685; surplus, $7,634,380; total, $15,237,957,
—V. 155, p. 362.

is

realized

through prosecution of a
for trial this spring. - This-

bankruptcy scheduled
Howard, trustee, charging

mismanagement and
directors.
accounting of funds paid into the two"
estates by Chicago and New York banks in settlement of litigation
arising from loans made to the Utility holding companies and the
pledge of securities as loan collateral,
,
■
•'.
Tire banks contributed $3,435,088 to the Insull Utility estate and,
$3,331,982 had been disbursed by Dec. 31, deadline set by court foe
the filing of claims.
Debenture holders received $2,502,068, and $829,914 was paid in legal fees and expenses.
Payments made since the first of this year to debenture owners
naming
The

several

Charles

had

who

Corporation Securities

reports

filed

for

remaining

gave

an

their, claims

on

in

a

final

of the

loss
in

time

It

appropriation.

share

will

$55,892

is

reduced

this

distribution.

of

to

$99,997

the

amount

sum
in which debenture
Legal fees still sought are

$56,288,000

of I.

U.

I.

debentures,

issue.,. Owners of the remaining $1,256,000 who because of
of certificates or other reasons failed to file, thus lost
liquidating dividends which will be shared by the other
,

claimants.

the equity case gave I. U. I. debenture hoMen
$44.50 per $1,000 certificate, and the bankruptcy case produced $39.03,
or a total of $83.53
for each $1,000 debenture.
The banks paid
$1,200,000 into the Corporation Securities equity
estate, and $1,150,686 had been distributed by Dec. 31, $896,515 going
to serial note holders and the rest to attorneys, committee members,
accountants, the special masters and others.
Payments since Dec. 31
to note holders who had. their claims filed on time reduced* the amount
to

be

payments

totaling

issue—met

failed to

file

the

to $47,936.
$18,903,000 face
deadline.

sacrificed

Corporation
of

in

appropriated

Claims

the

each

$604,738;

it

Michael

,

Federal

taxes,

of deben¬

exhausted all

open—a

case

income

to owners

legal means for recovery on dheir investments, the
bankruptcy case already being closed, the report indicated.
i".-..
Corporation Securities note holders still have one avenue of recovery

(99,491 no par shares), $2,137,025; mort¬
payable, $2,779,000; notes payable to banks, $1,115,000; accounts
payab'e, $426,149; accrued expenses, $405,165; provision for Federal
and State capital stock and franchise taxes, $74,655;
provision for

gages

State

small final distribution

of

indicated in reports filed with Federal
Igoe -atcGhicago, Jan.
15, by Garfield
chancery in both cases.
distribution, is made, Insull Utility 'security holders will

Judge

Charles,

640;

and

a

company,

Co.

owned,

District

Two

596,946

dividends

Shares of cap. stock outstdg., no par

by this

Securities

securities

of

98%

275,000

for

available

and serial gold notes Issued bv Corpo¬
Chicago, through termination of the long
equity proceedings involving these companies.
:
■
Depending on the amounts allowed in final legal fees and expenses,
the distribution will approximate $1 for each $1,000 principal amount
ration

death,

-

profits taxes——

are

issued

subject to court determination.
Claims were filed by holders

14,943

437,646

in¬

income taxes-—

Federal

following is taken from the Chicago "Tribune";

Funds

tures

owners

-

—

properties sold--——

Commonwealth
come

—v—

to

bldgs. and termination of

lease

Loss

.—

Liabilities—Capital stock

18

and-'the-twelfth of, like'.amount
of record Jan. -19. ;
■

so'

to

$703,083

for

adjusts;

other

$3.89

—

Balance

:

able, $6,063; inventories, $787,637; prepaid taxes, insurance, etc., $107,001; deferred charges, $80,621;. total, $15,237,957.■
•
*
-

Spencer* Bartlett & Co.—Year-End Div.—

directors

$381,459

Post-war

15,079

i60,000

profits taxes—

$50,

declared a year-end dividend of 70 cents
per share, payable Jan. 29 to holders of record Jan. 19.
This brings
payments for the fiscal year .ending Jan.', 31, 1943, to a total of $2.50
per share, eleven monthly distributions of J5 cents having been made
The

$703,083

41,290

Net

Hearn Department

$381,459

profit

2,176

'20.645

total, $7,201,367.—V/156, p. 2306.

surplus, $1,677,602;

133,000

96,798

■:652;

41,671

tion

,

Liabilities—Accounts

commissions,

110,200

$237,223

85,350

/

debts,

taxes,/insurance,
total, $7,201,367.

470,750

taxes

accounts payable/other, and accrued liabilities, $814,739,"reserve
post-war adjustments and other contingencies, $521,366; 6%
noncumulative preferred stock ($10 par), $1,610; common stock .(121,82&

$236,289

329

21,406

Operating

notes and accounts receivable

discounts, and allowances of $318,833), $1,094,609; cash
surrender value of officers' life insurance policies, $167,831; merchan¬
for bad

—:

and

$256,660

'

Assets—Cash,

Federal

charges,

1

-

9,789
Cr2,803

1941'

-2-

TriYf<!

;

Crl,940

Cr2,130

1,479,990

*

Bal. to earned surp...

10,951

$1,716,279

13,308

6%
-

profit

Prov.

"163,622

$465,897

charges

6,698

Crl2,758

no

provision
'

Other

34,757
notes--

w

'

$9,720,838

9,653,059

Depreciation'
Federal

$9,812,905

$92,783

'

1942

income.

for

37,470

$839,978

$1,800,492

:

profit before depreciation,

Provision

54,437

$492,210
2,682

1,543,832

'

from .operations

for

387,536

73,776

$1,507,394

Liabilities—Bank
Profit

423,383

income

receivable

Outstanding common shares
Earnings per share

1939

1940

1941

$11,222,463

$1,059,631

profit-

was

Dividends'iV-^—

subsidiary companies)

1942

$10,712,690

expenses—

Operating

.

made

•

,

$284,124
153,863

charges--

$50,000;
•

578,042

25/884

$1,281,951

Miscellaneous

at

•

:*—•——

were

payment

$989,369

$258;240
■

"144,874

and

"Includes

2038.

Hat Corp. of America—Annual Report—

sales

share

$2,230,213

profitexpenses

oh

Ltd.—Earnings-

Net profit

Net

share

,

$2,478,843

2,303,318

Net-income

$1,244,216
37,735

48,261 '

Miscellaneous

share

per

per

1942,

sales^—

Provision
Common

cents

per

__

of

Net

$941,108

14,393

paid

accts.

(less

Sundry

964,711

for doubtful trade

Prov.

record

,

146,785

109,877

money, etc.l.x*..:.

depreciation

of

$3.80

adm.

Interest

$2,568,138

$2,455,231

income—

borrowed

on

share

per

y'-

1,

Aug.

Interest: earned
Interest

of

25

cents

1,995,806

$2,295,670
159,561

income

3,723,979

$2,215,917

L,

Operating profit

Net

-

'

;

Sell, and

stock, par $10, payable Feb. 1 to holders of record Jan. 20.

Honey Dew

Cost

$1,222,950

3,284,665

opers.

deprec.

gross

$12,945;

339,980

2,756,754

Other

cents

holders

par

1774.

p.

semi-annual

and

to

$4,968,195

Depreciation

4,507,589

403,869

Taxes

.

charges,

$11,335,667 $10,087,912

expenses

Depreciation

Nov.

directors

Regular
up

Aug. 31,'39

$4,225,773

profits-of subs.

Consoi.

credits .on' excess

assets

profit fr.

before
Gross

Homestead Fire Insurance Co.—25-Cent Dividend—
The

•( 8 Mos. End.

'

1940

/'■

$8,978,758
6,762,841

-,^.4-^-

'sales™.„-

"

omitted.—V.
Total

of

Common

$11,316,193 $10,537,842

current..

fixed

post-war

as

1941

dividends*

discounts

Gross'

payable

last,
the

on

On

paid.—V.

was

the
Net

Governments

credit

30,

paid

'

current....-.-L-L—-*-.

electric

Customers'

and

Hildick Products Corp.—Liquidating Dividend—

•

:

01942

V

'

:

$9,048;

customers'

Nov.

Hartford Electric Light Co.- -Earnings—

Canadian

\,

$151,521;

-

for discounts and for doubtful

reserves

etc., $290,113; reserve for Federal and Canadian income and excess
profits taxes, $778,302; mortgage payable, $24,600; class A $1 cumula¬
tive stock (99,550 no par shares), $99,550; common stock (157,658 no
par
shares),
$157,658;
paid-in
surplus,
$558,250;
earned
surplus,
$1,502,188; total, $4,017,388.—V. 156, p. 1150.
V ;

reserve

goodwill,

and

Liabilities—Note

others

depreciation

$112,594;

1941

,.*

of

$1*42.890; formulae, trademarks,

$14,197,523.

banks,

to

stock,

(less

charges,

total,

payable

subsidiaries

to

1942

Sales, less returns, allow,'

profits

$3,778,$42,125;

furniture

deferred

(less reserves)

inventories,

from employees),

capital

company's

and

$281,184;

Liabilities—Notes

r

1942

accounts receivable

$8,282 due

non-current

fixtures,

$988,676),

names

(including

$2,555,354;

,

equipment and
cf

from

accounts

and $813,870 in 1942.:

30,

Period—

of Canada second war loan 3% bonds (less reserve
for
exchange difference between U. S. and Canadian dollars of $5,814),
$40,701; marketable securities, $198,034; accrued interest receivable,

Federal

$910,012;

receivables

sundry

Nov.

due

Assets—Cash,

and

912;

Sheet,

-—Years Ended Aug. 31-

in Canadian

$57,877), $765,494; merchandise inventories, • $1,382,275;
inventory of antiques, held for resale, $10,931; advances to employees,
$19,7:82; investment in and advances to wholly owned subsidiary com¬
pany, not consolidated (less reserve), $22,823; deposits on. leases, etc.,
$2,885;
sundry accounts receivable, $13,828; amount refundable 'by

all of its

the net profits of

$557,088:in 1941

was

Balance

-

an^l pbminion

accounts

'

subsidiary companies

hand and in banks, $731,568;-cash

on

$2,436; accbUnts receivable (less

,

+Adjustment, of

Assets^—Cash

bank

amount of notes—again m%
of
of the remaining $431,000 who
which, reverts to the other claimants.

Owners

$20,472,

Securities note holders have realized $47.50 in equity
$1,000 of notes, and will share in the distribution
fund and whatever is realized through the bank¬

returns on each

the

remaining

IV

ruptcy case.
•

Charles

requested court orders terminating both equity estates. In
such action would enable security owners to establish

instance,

legal proof
p.

1013.

of

loss for income

tax purposes, attorneys said.—V. 155,

THE COMMERCIAL & FINANCIAL CHRONICLE

346

Lane

Buffalo—Court Upholds Commission

International Ey.,

Case—

in Mitten

•

•

Bryant, Inc.

Sales
The

York

New

Court

Jan. 14, a Public Service
to sever its contract ties

upheld,

Appeals

of

Commission

order

with

Management, Inc., of Philadelphia.
had
declared
the Mitten organization's

Mitten

The

the

directing

company

services

Commission

expense" to the company, and that by domina¬
tion of the company's board of directors, Mitten representatives could

were

an

approving the Commission's order,
The

contracted

firm

Mitten

1939,

1,

Jan.

to

supervise

operation

of

to control by the board of directors.
The com¬
$20 an hour for the time spent by Mitten em¬
ployees' on company business.
Upholding the Commission, the Appellate Division asserted it had
"only and properly sought to relieve
(the company) from manage¬
ment
and control
by other sources."
It described the contractual
relation
as
one
"which
no
impartial and detached observer would
the. company,

subject

the

paid

pany

1942

,

Prov.

for

Federal

Prov.

for

excess

income

profits

profit

after deprec.

"Earnings per share of
The

int....'

$303,606

stock..

$2.19

&

com.

of

dividend

A

cents

10

ments

during

1942

156, p.

before

the common-

profit-

T_,

195,320

share.,

per

—_______

120,000 shares.—V.

156,

1052..

p.

week

the

in

fiscal

,,

of

\

on

goods,

,

.

.

profit

Kankakee

•

The First

Portland

until

land, Me., will
1st

mtge.

National Bank,

series

noon

"A"

Feb.

on

4

•

Total

July

due

the sale to it of
1959, to an amount
p. 3501.

1,

sufficient to exhaust $15,000 held in the sinking fund.—V. 152,

been

1941

Co.—Earnings—

Manufacturing:

Kermath
Net' income

4177.

-

Keyes Fibre Co., Inc.—$6 Prior Preferred Dividend—
A dividend
2

this

on

to

recently declared on the 6% cumul.
account of accumulations
wiped out all arrearages

was

issue.

$12

of $18

of

share

per
per

$6

share

per

made on Sept. 15, last, and one18, 1941, a payment

was

1942, while on Dec.
made.—V. 156, p, 1052.

July

on

share was

1,

140,147

for Fed.

15,507

•

inc.

taxes

__

*

641,324

**1,061,265

**563,211

.

150,000

reserve

Net

income

Net

*$265,354
$413,999
$456,931
$766,413
$0.35
$0.54
$0.60
$1.01
Federal income taxes and provision of

Qhgs.

com.

share

per

all

"After

.

after

profit

tEams.

including

charges,

tOn 757,632 shares of common, stock.

$10,351 for excess profits tax.
Note—Subsidiary

ed to- $41,995.—V.

received during

dividend

156,

Shares

Koppers Co.

all

$1,482,954

income

"Net

Earnings
of

profits

excess
*

tlncludes

241,503

241,509

adjustment of $175,774 for Federal income tax accruals'

for prior periods.

provision for Federal incomeexcess profits
taxes has been based on the Revenue Acts of 1941
1942 for the last quarter of 1941 and for the first three quarters

Note—The
and

and
of

respectively.

1942,

of

the

1942

Sept, 30,

If

Revenue

these

$2.02

or

had

taxes

12

period

months'

ending

would have been approxi¬
share.—V. 156, p. 2133.
-

income

net.

common

a

computed on the basis,

been

entire

the

for

Act

the consolidated

1.942,

$3,221,280,

mately

points out that the

company

allowances.

and

the
the

iron production was doubled at
by Koppers United Co. when

Pig

operated
relined

of

reconditioned

and

Capacity
is

1930

the

of

600

capacity.

profits tax
in

tax

in

Balances Sheet,. Oct.

and

tons

day.

per

Granite

City,

111.,- plant

second of two enlarged,
relighted on Jan. 18.

an

receivable

(less

$2,306,825;

doubtful

for

reserves

1932,

was

part of St. Louis Gas & Coke

announced Jan. 20 the indictment of Safe¬
Stores, Inc., and Kroger Grocery & Baking Co. and II subsid¬
companies and 18 individuals for alleged violations of anti-trust
Justice

City,

returned

were

by

a

Federal

grand

jury at

Kansas

Department said, as a result of an extended
industry which led to indictment last Nov. 25Pacific Tea
Co. by a Federal grand jury at

the Justice

Kans.,

investigation of the food
Great

of

Atlantic

Dallas...

It

food

v

in

in

products.

three

all

production,

cases

sale

processing,

those made against the "A. & P."
Department reported that on the basis of 1941 operations the

The

stores doing more than
one-fifth of the nation's retail grocery business.
L.
A, Warren, President of .Safeway Stores,
ip a statement issued
indictments

involved

12,782

'

retail

Oakland,

company's

the

food

headquarters,

Calif.,

promptly

denied

valuation

has

no

way

harassment

of

sort

ridiciulous

in

of

it not for the

were

American

business,

would

that it is typical of

fact

one

only

be

effective

by which the war effort: is seriously retarded."
Commenting on the indictment, C. M. Robertson, President, said:
"The Attorney-General might have been
more considerate of us and
"I

the

payable,

of

of

declared

itself

eggs

food

in

unsound.

In

and

distribution

cash

ended

This

is

that

is

3,500

at

this

depreciation

.

cost food to consumers
and

effecting

same

.

.

the

."—V,

maximum
157, p.

of

economies

in

the

distribution

for
,

following is

the

The

three

mill

summary

a

months

treated

ended

90,599

cents

on

record

Corp.—Earnings—

to

$4.37

outstanding
share

post-war

a

as

•

share

per

the

on

with

the twelve

including premium.—V.

157,

reflects the

amounted

increase

in

approximately

to

Autocar Company

to

hand

total, liabilities

$8,344,442 and
to

amounts

$3,206,490.—V.

156,

dividend

A

of

25

each.

cents

while

in

Were

Feb.

On

2,

Nov.

has

share

per

cumulative

$3.50

holders

to

1

cents

the

follows:

as

were

25

on

Feb.

payable

at

255.

ore,

recovering

1609;

,

Brig.-Gen.

five

men.

157, p.

166.

(& Subs.)—Earnings—

<■

1940

1941

double

were

;

--;5.60

those

of

220,443

5.06
't.» 3.87:
and compared with,
;

1941,

Sates

increased,

and

years.

the'-sglea'

1940,

sustained,

$256,446;

receivables,

income

1943 to
due

..

'

1942,

U.

timberlands

and, rights,

intangibles,

$5,732,477;

cost),

S.

liabilities,

accrued

Treasury

first

on

1nsur-i

iif©

with Mujaial.
investments

at cost of $2,001,200),

29,

of

■■■/*■ +

$790,353;

(less

value

deposita

etc.,. $148,266;

timber,
(at
r

_

payable,
taxes

pulpwood purchases,

on

premium

insurance,

$369,584;,

-

1945,

Nov.

of

equipment

$17,214,982.

expenses

cash surrender

balance

unexpired

plant' and

for

,

,

U. S. Treasury certificates of indebtedness,*
of $104,218), $1,798,343k

receivables mless-reserves

notes,

and

mortgage,

$562,017;

tax

$785,222;

a/

series

sinking fund

collateral

trust

..

.stock

common

during,the

($25

earned

stock

common

total,

$5,000,000;

par),

$570,797;

year,

$4,111,138;..

costi, Dt$6,224;

.of

$17,214,982,—V.

paid-in

surplus,

held

155,

surplus—no,

accompanying

per

in- treasury

(433%- shares,

1754.

p.

Jan.

of the store.

the. same

At

Merchandise

time

D.

Corley,

.'

■Mr.

$5,887,505;'

remain

r

-

St.-

announced

Avas

will

Manager,

that

of

Marshall

William

S.

Field

&

Co.,

Mr.. St.

Clair

as-

retirement

from

active

succeed

-

General1

Street,

and

President

■'

Clair,-who

with^ the

157, p.

President

V

it

General Manager.

at

Co.

W. H. St, Clair as President and General ManagerNelson, .Seattle, department ..store,..was...announced on-

&.

Frederick

by

18

owners

;

of

Frederick

as

record

of
50

been

requested

store1 in

advisory

an

43.

capacity,
"

-

'

Mr,

du y,

will

said.—

Covley

<

;

May

1,

Aug.

and

3 Mos. Ended Nov. 30^—

value,',

par

no

1

p.—Earnings—

account of

on

stock,

Jap.-22.. Payments during
and

cents;

declared

preferred,

Net

1942-

Nov.

2,

156,

p.

The directors have
addition

in

the

1941,

declared

ah

extra.dividend of

15 cents

share

per.

Feb.

157,

28

and

Nov.

last,

30,

43.

p.

extras of

.

.

35

cents, each

Brothers,

dividend

of

accumulations
able Feb.
1942

1

were

19,

''

/I

deduct.

Interest
Fed.

the

share

per

6%

&

Net

follows:

as

Jan,

156,

16,
p.

March

$2;

1417.

-

.

$2.50, «andvJuly., 2L.and

30,

(net)_-_

1942

/__!

%

•

>

,v*

*

*''
'

income taxes)'

""Federal income taxes
Federal I excess profits

rent),

!

Net operating income
Other

1

!

$4,011,947.

income

Gross

,

deductions

Income

,r

1,357,395

-

per

shr,

com.

_'!_!_!!

income

Net

*Provisions

for

the

basis

for

eleven

of

Federal

months

the 1942

normal

ended

Revenue

tax,

Nov,

Act.—V.

30,

surtax
J942,

157, p.

$2,862,079

and

have

166.

'"$2,829,443
profits

on

the

common

subsidiaries

began

declared

18

a

"

* -

11.

1942.

earnings of the company's
record Feb.

1.

This

•

disbursement;

the

1943 fiscal year; will be

$22,539,
;
$0.06-

*

$254,220-*

$204,362
$1.12

$1.27

Balance Sheet,

Nov.j;3(t,-,194'J,''A;

,

/

■■

depreciation t of

$802,5747., .*$936(634;
of$83,4671, $174,348; ^prepaid;

charges, $31,938;: total,. $3,940,193.

State-and- local

Bookings; J__ 1

<

taxes,

$141,689;

contract

.

payable' (non-cur-*

5%%-lsfc\ mortgage ..-convertible

l_'__*

Billings

bonds,

183.900;

^•'■,■
1942—12-Mqs.^041 •'

$1,234,000 $27,228,000 $21,963,000

'$1,191,000
-

1,950,000-

T;979,<H)0i 22,857,000.

19,667,0001

V Unfilled orders as at Dec. 31, 1942, amounted to $7;966,600," as against
$5,272,000 a.^year'earlier. f
*!'V v'1
:"r
It is stated that tjie above statement does; not include any figures
.

-

the eargo

on

plane program.—V: 156; p. 2226/.

•

; "'

of

order

its first

cents, per

share

first'made

from'

paid'on Feb. 16
' •
"
•

to

and

under

company

Extension

RR.~Seeks

-

of Indebtedness-—

of
?

'

Bonds
•

.

and
:

Jan.-19 transmitted to .the4CC an .application tor
of. the Commission of authorization of;extension »o,f maturity

,The Cmnpany

.

.

Valley

Modification

an

•;

stock, par $10, from the earnings of thi^ company and
for the first 12 weeks of the company's fiscal year,5

Oct.

-

Mendel:Co.—Bookings,

the

25

Jan.

-

,$0.13

Period Ended.Dec, 3:l942-:i-Montb—1941

•<

tax

dividend of

on

'

.

1,412,209

been" made-on

excess

..

directors

3.597

57,64a

for

Midland.
-

831

■

*

(

220.658

-$4;241,651
.

-

3,136

89,775

contingencies, $60;000; capital .stock^:t350,5$0 novpar 'shrs;)^'
$2,262,764; capital surplus; $111,480k jjald-in.'surplus;, $88,700;i%arnedi
surplus, -$7S4,780; total, $3,940,193,-'—V.156,'
/

'$4;020;994

207,527:

$4,219,475

income

-,-617-

■

2,299

,,*29,637

1,430

"106,582"*

109,022;"

-

1,625

2,299

$29,322; "-5*yenr

reserve

.

•

415

7:

$266,43V

$347,748

,

38,773

ipcQiqe.,- $46,799

Federal,

1,461,500

"4

289

LiabilijMMB^-Aibc'dnnis''-•payahle-'• and! accruals/ $30^,357; 'provisibp for

.

taxes.i

State income taxes

.

i;436"

$264,807*

|t,,"Includes' $14,317 Federal excess profits tax.

y

'

1,152,191-' -1,165,-755 1,123,195 ;
1,099,3662,104,240.
' 851,545 .'

Li_!.

_i.

^

560,504

.i- ;.

1,600,700

Depreciation
Amort.'of-'limited-term -investments!
(other than

1941 '

649,777

86

283

,

inc.' taxes

equipment, - -etc.(less -reserve rfor

5,307,086 *-'t 4,132,793'"'

.'

Maintenance.

■

Consolidated

$10,061,595 $13;400,470

i

349,296
'■
•

k.'

$54.890.,

patents.-(less, -reserve J or-, amortization

Year Ended Nov. 30—

377,979
$347,459

Assets—Cash |n; banks rand ion hand, .$1,382,385;, accounts receivable
(less • reserves . of;
$27,871),/ $771,375; /inventories; $649,522: buildings,

..

Louisville Gas & Elec. Co.- (Ky(& Subs.)—Earnings

Operation

737,627

;

22,372.

paid
State

been

preferred

to-holders of. record Jan.; 20.

$2 each.—V.

.

declared :on account of. !
stock, pgr ,_$100, pay-^
Payments -on.' this."issue^dHririg

has

cumulative

1939

$614,103

were

Dividend—

Philadelphia—Accumulated

$1.50

on

'

1940

$725,438

S54.804

;

>'

$88,154

expenses.-and- deferred

Taxes

831,729

$65,782

__i/!_*__

income

Income

^

,

1941

$792,431."

.

Total income

Earnings

Oct.

and

Operating profit:

Other

the regular quarterly dividend of 15 cents per share .on
stock, par $10, both payable Feb. .27. to holders; of" record,

On

11.

paid,—V.

A

sales

of

'

/

to

common

Feb.

cost

expenses

a distribution of 50 cents per share,
regular dividends of 87Va cents per-share
1417.
'
V'

1,

1942

$897,511

sales,

Total

•f

holders of

)

taxes

$1,623,260;

total;

Resignation

which,

The Autocar-

to

since

to the service, takes'
The-directors announced'

1942

preceding quarters

paid.—V.

The

$1,426,415.40,

of

,

-

,

director

was called

Marshall Field & Co.—New Head of Seattle Store—-

r

Lionel Corp.—Extra Distribution—

its

dry

board

President,

relations

..

sales,

amount

p.

20,r

•

of

$12,000,000,

owned by Liberty.

15.;-

May

Lincoln Printing Co.—Accumulated Dividend—

which

p.




other

change

period

.

in- earnings

Feb.

cents;

' :

Acting

public

31—

companies,

summary.

200,000

earnings

months'

common

record

25

chai'ge for the duration.—V.

policies,,... $132,938;

$1,198,701;

adjustment .reserve

compared

reported for

the

on

of

27,

Consolidated Balance-Sheet, October 31, < 1942

and C,

V.

the mill operations of this company
of

declared

bonds, $210,000;-current maturities of other long term' indebtedness/
$189,000; first mortgage, and^collateral trust bonds, 4%% .series, due
June
1,. 1954,
$3,370,000;
other long
term
indebtedness,
$389,000;r
minority interest (49
in capital stock and surplus of, - MenashaPrinting Iiik Co., .$44,979; 6% cumulative preferred, stock ;($1Q0. par)

share on"

has approximately 450,000 shares outstanding.
of Liberty, including the stock of The Autocar

amount

•

$21,852,832 $18,080,990 $15,067,412'
taxesj__'_c,I__'_J2 '" 3,971,164
2.012,037
1,066.006

$148,000;

cost,

payment

share,

per

per

holder's" of

assets

Cash

31,

tons

-the
in

Oct.

being

$756,600;

Costi,

of

1942:

is

Insurance

approximately

the The

cost,

156,
'

Feb,

,

named

inventories,-$4,824,923; advances and

-

equivalent

per

covered,

with

of

stock

operating

manager.—V.

to; holders

26

follows:

Paper Mills Co.

Assets—Cash,

B,

cent

one

two

Lukens Steel Co.—25-Cent Dividend—

of

general

$1.00

ance

$4,500,000 for ; the preceding period. It
reflects the receipt of $300,000 of dividends on the 200,000 shares

also

this time.-

the

assume

•

has been

Feb.
as

share of common stock™_

per

bopds

Dec.

will

the

former President,

Liabilities—Accounts

1941.

31,

period

compared

255,

Lake Shore Mines, Ltd.—Production—
The

and

by
'

share

per

been

logging operations,. etc.,

shares,, at

15- tb

payable Feb.

as

and has been doing.
.
.
Providing lowby buying direct from the farmer and producer

is

Kroger

be filled1 at

845,563.

,

.

dividend of

extra

an

both

Products

stock

improvement

the

hashas'

and

Army

Strgus,/President,;

$1.50

at

$1,500,000;' capital surplus', $5,364,384;

after, setting, aside

common

Dec.

The

for

166,

p.

807,522

/

$450,000),>

reports net earnings for the fiscal year ending Nov. 30,

$874,258,

of

20 cents

1942,

1,204,515

of

discounts

of

for

2281,

p.

approximately $2.20

Government

the

essence,

become

Government

things

is a theory in economics, that bigness
exemplified by Kroger is economically
wishes us to unscramble our
"store' units.
...
.
Another arm of our
time endeavoring to recommended the very

objective involved

problem or
in

pulling off this contemplated bout nearer-Cincinnati."
the impression," said Mr. Robertson, "that the real

•

•

1,9 .was

of

befdie

accounts

and

notes

reserve

quarterly dividend of

$1,

par

Aircraft

$500,000.

shares

compares

'

'
will" not

..

taxes:

volume

$590,303;

(par $5),

usual

155,

The company

1942,

31,

States

1940, show an increase of,nearly 400% iu three
approximately' 20%
over
1941
and
45%
over

Mines, Ltd.—Extra Dividend—

stock,

30.—V.

common,

This

157,

Jack'I.

store,

O'Gara

'

,

given

am

.-

2,778,117

■

way

the ODT by

'.

were

has

be

Profits,before

tax anticipa¬

reserve

profit

Net

.

charges deferred to future operations,'

$35,139;

Operating revenues

violated any anti-trust laws unless being
efficient and rendering a low cost service to producers and consumers
has
become, a crime,"
said. Warren.
"We have simply joined the
thousands
of
firms
and
individuals, .including farm co-operatives,,
war
industries, lumbermen, labor unions and press. associations that
have been subjected to similar inquisitions.
"This

to

Liberty

the

' • '•

charges."."
"Safeway

:

-

U. S.

reacquired

have

directors

common

Jan.

•

at

,1942

capital stock (58,491
$13,934,851.—V. 157, p. 255.

total,

addition

the

on

31 and Nov. 30, 25- cents each,

sales

provision

tjie Department said,, to
three

$4,540,213:

Lit

that the Sherman
and distribution

duties

and

1

Act was vio?of food and
Allegations against Safeway and' Kroger were similar,'

charged

was

lated

&

,

the

$1,424,145;

Department

indictments

'

Mr.

payable

1942

who

Irish would

$750,000; capital stock

laws.
The

.

and General Manager,

United

the

the

supervised

cents

25

value,

during

taxes, $1,089,089; operating reserves, $257,748;, reserve lor contingencies,
surplus,

was

profit after taxes_i,-:-__l_--.__'..1,193,047
Common dividends paid____i
$2,00

accrued expenses, $663,550;,
provision for Federal and State income taxes and Federal excess profits

accumulations

furnaces, formerly a

of

par

Irish on-Jan.

Income

U. S/ Treasury cer¬

and

accounts

inventories .(less

Liabilities—Accounts,

put into production

Grocery & Baking Co.- -Charged With Violations of Anti-Trust Laws—

iary

SI,

$351,400;

interest,

property, plant and equipment, (less
$3,834,975), $3,618,964; total, $13,934,851.

has

idle since

Jan.

on

31, 1941.—V.

superintendent

formerly

Years Ended

was

Kroger

way

.

hand, $2,574,345;

on

plus accrued

$191,025),

Total

Corp., are being operated for' the Defense Plant Corp.—V. 156, p. 696.

The

cash

in

...

.

banks

in

at cost

notes,

Company

194].

Granite City

The

paid

,**Includes $13,405and $327,166 in 1942, also $30,206 for State

1941

1942.

Assets—Cash

been idle since the summer
increase of 100 tons over its previous

which

furnace

new

furnaces

blast

The other furnace,

the fall of

in

$$5,73

$3.66

t $638,913

•

tificates, at cost (market value $750,165), $750,000;

of

Koppers United Co.—Opens Rebuilt Furnace—

in

1

stove

Marathon

268,343 1 " 268.343

1

$6.14

$4.74

discounts

Mr,

share after the payment of this dividend.

per

income

share_____.__—,-j—•'•
$4.45
$4.14
depletion, interest, amortization and provision
1942 and $999,620 in 1941 for Federal income and

taxes.-

an

has been declared
record Jan. 25.

from

14.

•

Irish,

•over*

$1,464,166
t673,179

603,772
V"

common

in

per

Net

depreciation,

$7,735,958

share,

an

..

.

of

Newr Acting President—

Net

the

$5,343,712

t$5,649,280

_.r_

—

per

"After

^

cents

Feb..

paid

previously superintendent of non-selling service, has

cents; .and Aug.

$34,266 paid in stock I12,778 shares of acquired capital'stock atnost).?
lEarned on stock outstanding before stock dividend paid Oct. 28 and

in

1941

1942

Colonel

a

absence

Jan,

on

Malloy,

no

.

$981,887

563,521
'

out-

Leitch Gold

12 Mnths Ended Sept. 30—

55%

Executive Vice-President

of

appointed

; Ned

,

365,970

,

1942, amount¬

the quarter,

leave

dividend

Net

Dr$820,437;

Subs.)—Earnings—

(&

50

and-

The

•

..

—___

______

543,395

capital stk.

*After

1865,

p.

record

company

Madison Square Garden Corp.—25-Cent Dividend—
A

582,157

378,857

$1,144,765

Dividends paid

of

1942—6 Mos:~ 1941

the

of

'

40 cents on Jan.

John Reed Kilpafcrick,

.

1942—3 Mos.—1941

$5,

par

holders

last,

2,

Jan.

dividends, of
payable in-

quarterly

stock,
to

1,

last, 40 cents

Nov.. 2,

on

O'Gara,

a

L.

Mr.

$37,175;

Period Ended Dec. 31—

On

holders

position vacated by

stock,

$2,544,596
'132,303.

6,203

989,050

J
_i

.

$2,008,272.

$3,050,721

$2,356,030

•

$4,261,002; investments,

Wire Co.—Earnings-

Steel &

Keystone

regular

,

June

per share

to

2307.-

p.

$2,481,375
63,221

32,265

__L—

income

Conting.

tion

distribution

A

of

of $6 per share

stock, par $100. payable on
holders of record Dec. 23, This

preferred

E.

responsibilities

$1,941,250
•
67,022

Consolidated

Jan.

1939

1940

$5.46

-——*

149, p.

capital shares.—V.

99,000

prior

been

$2,910,574

deductions

excess

on

31

$2,323,764

—

Earnings per share__:

1941
$196,754
$1.90

1942
$85,023
$0.86

:

"Earnings per share^
"On

Oct.

paid

30

commissioned

The

12,039,327

standing (par $5)____

Year Ended Sept. 30—

and

1

1854.

p.

cents

40

1941,- and

i;

received

12,666,785

excise taxesl.l.—

receive bids for

11

bonds,

r>

corporate trustee, Port¬

successor

cents

Payments

Prov.

Co.—Tenders Asked—

Water

14,

(R. II.) Macy & Co., Inc.—Official in Army—

$4.13

17,501,736

_!

income

Miscell.

.—V. 156, p. 2307.

20

•John
-

.

Ended

Years

of

156,

payable'Jan.'

Nov.

984,286

$495,203

16,401,337

Federal

.

with

a

1941, sales for the year 1942 were up 30.91

Nov.

general

etc,

Operating
Other

13-period calendar, which keeps the fiscal year in prac¬
tical agreement with the calendar year.
Excluding the extra week, in:

operation

.follows;*

as

and

;

dividend

on

$20,412,310 $14,608,035 $14,520,702,

$18,725,101

expenses,

resulted from the company's

1941

year

27.90%

were

each;

on-

stock,

(& Subs.)—Earnings—

Account,

Income

sales

Increase

$41,614,585

$53,224,694

—

extra

The

two

the common

on

respectively.

1,'

1942.—V,

Ernest

Cost

Jan. 2. 1943 Jan. 3, 1942

Period—
Sales—

1942

■

cents

made

announced

Lee Rubber & Tire Corp:

*Net

52 Wks. End. 53 Wks. End.

each

March

on

per-share.
quarterly payment of

last

303,751

.$205,967
$1.72

,

,

1942
$1)783,240

profits, taxes

excess

"On

_

1942

v

$535,372

1942
:

taxes__4

Consolidated

Exceed 1941—

30

15.,

.

$1,11

Dcc.'l,

12 Mos.

134,085

taxes

income

2132.

Jewel Tea Co., Inc.—1942 Sales

VI

of

1, 20 cents; Nov. 2,

—V.

Aug.

declared

have

share

per

funds

May
of

The

A

Period Ended Sept. 30—
Profit

Federal

were

Aug.

liabilities

current

9 Mos.

payable Feb. 1 to holders of record Jan. 15. Pay-as follows: Feb. 2 and May 1, 10 cents each;
10 cents; and Dec, 15, a year-end of 5 cents,

stock, no par value,

l! and
extra

.

Le Roi Company—Earnings—

"Earnings
on

during

stock

and

16

2133.

p.

McLeHan Stores Co.—40-Cent Common Dividend—

$2,982,451,

Net

has been declared

share

per

156,

directors

cents

Canadian

$188,240
$1.27

$323,359
$2.34

(including cash of $1,521,699.1, and
a ratio of 2.1 to 1.--V. 157, p. 255.

$6,171,377

Federal

interest."--V. 150, p.1608.

The

6,500

.

127,279 shares of common stock outstanding in hands of public.':
balance sheet as of
Nov. 30,
1942, showed current assets of

*On

•

Ironrite Ironer Co.—10-Cent Dividend—

-

May

cents;

Mclntyre Porcupine Mines, Ltd.—Two Dividends—

53,500

128,750

127,550

,

20

14,

cents.—V.

248,240

579,659

101,200

641,800

25

..

55Va
Net

firm

qualify as being in the public

1940
$7,131,182

^

$9,113,813

1,046,605

taxes

taxes

Feb.

1941

$11,928,381

____

profit after deprec, & interest-

Net

"unnecessary

perpetuate the contract and increase the charge to the company.
The State's highest tribunal affirmed , an Appellate Division decision

-

the. common

..Distributionson

Subs.)—Earnings—

(&

6 Months Ended Nov, 30—

.

Monday, January 25, 1943

a

plans

on;

series A

and series

plan of adj-ustment

to

present,

upon

B bonds

date

of

and

Jan.

the .approval

modification of those

11;

1943,

which

the

of" the

Commission, to
U. S. District Court,.
The plan provides for the cancellation of its first mortgage and its'

the pertinent

.

and series B bonds- owned by the company and its subsidiary,
limiting, the dssues to-the balance, remaining in the hands of the

series A

and

public which under the plan would be $4,750,000 first mortgage bonds,
$1,475,500 series A bonds and $830,500 series B bonds. *A11 of the

THE COMMERCIAL & FINANCIAL CHRONICLE

Number '4145

Volume, 157"

will be extended to* April' 1; 1963, whereas the due date.,of the
first mortgage bonds is at present April 1, 1943, and of the series A
and series B bonds, April 1, 1953.
The interest on the first mortgage bonds remains fixed and
the
interest on the; series A and series B bonds remains contingent, but the
bonds

each

rate on

issue is reduced

Mutual lnvestment Fund, Inc.-

Feb 11, '41

balance of

income after payment

of interest on its series A and series

The contingent

•

interest

additional

As

security

of three years.
the bonds, 38,250

shares of the common

for

'™_™™_..;

distribution

of Muskogee Co., now owned by the Midland Valley RR., will
pledged.
redemption ■ price for all bonds, will be at their face amount.
Company will covenant that1 it shall not pay any dividends on either
its common or preferred stock so long as any of the first mortgage
bonds are outstanding.
The plan is presented to the Commission and upon approval of the
Commission will be presented to the court under the terms of the
so-called McLaughlin Act, being Chapter XV of an Act to establish
a
Uniform System Of Bankruptcy throughout the United States, the

stock

be

™™.„.

sales

total, $1,226,982—V. 156,

.

sales of securities.

Ended

Co.—Earnings-—*

Oct.

31,

1912

$1,925,344
1,190,935

profit
expenses

Profit

....

from

$734,409
226,730

:

,

and

general expenses

80,571

operations

$427,107

Other income

5,410

$1,192,107; cash in
receivable,

$2,342;

Total

income

$432,518

Other deductions
Federal

Income

Excess

13,583

tax

profits

Post-war

80,854
186,786
Cr4,252

tax

refund

of

excess

Net income for the

1506.

p.

Machines

Year

For

,

Administrative

Liabilities—Accrued expenses, $1,415; distribution payable Jan. 15,
1943, $10,621; accrued capital stock and Federal income taxes, $1,851;
capital stock ($1 par), $106,208; paid-in surplus, $1,346,948; security
profit and loss account, deficit, $246,778; undistributed income, $6,718/

The

profits tax™

year...

$155,5461

Dividends

Nash-Kelvinator

,

(&

Corp.

79,770

Surplus

$75,776

Subs.)- -Earnings-—

-

'

Years Ended Sept. 30—

1942

Net

sales

Cost

Of

—_L_

goods

admin,

-

1939

72,534,809
62,864,344

11,136,604

Note—Allowances

$

69,032,763

98,934,725

73,489,575
59,331,236

•/
6,076,108

14,073,843

12,099,325

82,061,475 122,045,258

sold--—

Selling,; advertising

plan to all bondholders known to it.~-rV. 157, p. 43,

1940

1941

■

$

Chapter having "been approved on Oct. 16, 1942,
The" company states that it has been advised by counsel that it
(nay not ask for any formal assents to the plan until the ICC has,
issued a responsive order, and then the company will send copies of
the

of

Selling

$65,695
69,825

$42,468
44,307

*

™,™J

Balance Sheet, Dee. 81, 1942
Assets—Securities owned and held by custodian,
hands
of
custodian, $32,204;. accrued.dividends
deferred charges, $329; total, ,$1,226,982.

the series A and series B bonds is to be

on

cumulative up to a period

income

"Exclusive of profit or loss on

bonds.

B*

Cost

Gross
"Net

Dividend

Account,

Sales, net of returns and allowances^

'42 Dec. 31, '41
$82,495
13,295
16,800

$55,762

™__

Expenses

sinking fund is created for the first mortgage bonds, being at tlfie
Vfa'x, an obligation immediately junior to the interest charge,
there shall also be applied to the sinking fund, the company's

A

dividends

Electric Welding

Income

to

Dec. 31,
Income:

rate of
and

National

-Earnings'—
Year Ended

to 4%.

from

347

and

expenses—,™

.

amortization

of

for

depreciation
facilities

emergency

in the above Income

aggregating
$22,001
aggregating $1,620 are

and. for
deducted

Account.

Balance

Sheet/

Oct^31,

1943

Assets—Demand, deposits in bank and cash on hand, $111,690; cer¬
of deposit
(bank), $30,000; U. S. securities, $105,000; notes

tificate
•

v

Miller & Hart,

;

Inc.—50-Cent Preferred Dividend—

The directors'haVe declared H

on

March

on

Dec,

par

Distributions

2.

March

record
issue

stock,

preferred

prior

$1

12,

Provis.

25 cents each were" made on this
and Dec. 12, last year, while

of

1941, an initial of like amount was paid.—V. 157, p. 256.

5,

!

dividend

A

$1.62Va

of

Feb.

Oct,

per

27,

*654,433

145,378

war-

1,305,831

676,774

444,334

and

Missouri-Kansas^Texas

/

deducts.

117,828

95,758

3,828,755
2,145,804

the

in

which

$1,766,000

and

treasury

company

—™™

4,617953*

1,505,151

*1,573,524

(200 shares),

■

$1,000

with

deposited

was

the

The

were

Montreal Telegraph: Co.-—Earnings—

1

V.

Years"Ended Dec." 31—

Great No. West. Tel.,Co._

Rev,

from

$165900
3,076

.

investments,

-' 1941

:

1942

•

$165,000
3,010

$165,000
3,047

'

'

1939

1940

-

adian

$165900

,

2,775

1941;

in

$1,251,361
of

proportion

dollars)

the

in

the

received)

domestic subsidiaries and
for

its- unconsolidated

English subsidiary,

amount

1940;

of

for

$1,247,983

in

$1,334,379

which

amounted

for

Total

Paid

revenues

$168,076
91,000

™'

Res,

account on

on

tax

for. income tax",

Administration

Fxlra

inc.

L

on

$168910

$167,775

98,000

125,000

136,000

35,000

Consolidated

for

un¬

;

not

been

included

made

9,333-

;6,697

—J

"Deficit.

$1,474

;

for

use

on

U. S. Govern¬

U. S. Government securities,
savings bonds for sale

war

purchase

at cost plus
employees

—V.

Asset*—

1942.

,

1941

,

-

1,000

$2,151,824
■>
1,000

20.816
•

Investments

157,

i
-

41,750

$2,270,299

$2,294,425

$2,000,000

-v

A

capital1

^

151,824
559

40,000
579

45,656

38,968

32,260

63,053

Contingent fund
™U-'™/

dividend

/-J-l*--1-™

$2,270,299

"

..

The

>$2,294,425

.

-

i s/->.<=••'' •■.; /* .//

and

operating

.

$

9,747,082
5,703,018

6,727.819

____

1,002,802- '
?

'State, $ focal taxes/lnci; Soc. Sec:, taxes-::::
Interest, charges
™i:::™i.

,,941,-427

265,961

147,052

.

'

2,302,435 ■ "2)181948

$ Miscellaneous.' income

5,514;

; 24,714

„

21206,262

2,307,950

Prov/ for' estimate^ Fede'rai income taxes-iv.

/ .//'

■

760,000

-IlJ

k

report

1942

shows

that

net

.

surplus

of
-

$573,800

,,

1940

:$326,630'

1,232

!

$404,806

$376,258

Prov/' for FCd.

inc." tax-."

47,107

v

10,000

"$3.97.

-

/
$274,848
$358,584
$319,152
$339,396
t360,000
11,080,000
tl,080,000 11,080.000
giving" effect to results of securities transactions.
tFrom
surplhs'income.' tFrom securities sold."

Notes-r1'^(a)-Realized net loss from sales of securities .(com/ puted on, the basis of average costs) carried
-

Englartd.'

^

Consolidated

series-

defense,

G,'; $160,000;

$441,640; Accounts

policies,

Sbeet,

subsidiaries, operating
those companies

pfet capital assets,

in

Oct:

3t,

.

...

•

receivable

.

(less

by

equity

in

net assets

p.

$58,183/'dividends

(F. E») Myers & Bro. Co^~New Appointments—
Curtiss

Myers,

Giniv,

Jr.,

has

been

elected

General

2nd, has been named Office Manager.—V.




Manager-and

157, p-167.

banks,' $142,831; receivable

securities owned
,

,

-

E.

1942

$918,007

•

accrued,

Interest

fixtures,
•

.

$1;
■

total,
,

*

Liabllities^-Payable for securities purchased but not received; $23,700;
dividend, payable Jan: ,15; 1943, $54,000; reserve for taxes, $20,700;'
capita/stock (360,000 ho par shares), $4,500,000; surplus, $2,759,803;
total,. $7,358;203.~/-V. 156, p.- 2135.
.

-

3
4

•

Period—
Sales

The

$6,685,669

—

,(J.' J.)

and

Dec. 31.1942

number "Of

950 at Dec.

Weeks

stores

in

Newberry

Dec. 31, 1941

:

$7,387,437

operation

31, 1942.—V. 156,

Up 24.16%—

p;

Year Ended

Year Ended

Dec. 31, 1942

Dec. 31.1941

$89,948,288

$72,182,442
in 1941 to

decreased from

1,015

that

event

the

Note

should

actions

and in

Installments—

3% promissory notes due on Dec. 31, 1943, and Dec.
1944/and had paid $10,000 on account of note due Dec. 31, 1948.
outstanding on Jan. 7, 1943, was $1,240,000.
*-V. 157, p. 258.'
-

16*

successful,

be

1939,

transferred

management

NEGEA

to

on

System's holdings in Electric
about Dec. 31, 1932. for a con¬
was
grossly inadequate.
The

the

or

trustees. claim

the

for

their

benefit.

accounting

an

transfer.

The

The

.

«

Investing Trust Creditors Defrauded*

-Allege Utility

ct al. v. Campbell, et al.)
was
Middlesex County, Mass., on behalf
subsidiary of Shinn & Co,, a subholding group of Associated,-against NEGEA and the Utilities Investing
Trust to set aside transfers made on May 26, 1930, and in Jan.. 1931.
allegedly in fraud of the creditors of the Utilities Investing Trust.
(Utilities Investing Trust is another Associated subsidiary and its debt
is to Associated
Utilities Corp.,
also an Associated company).
The
transfers mentioned in the complaint consisted of the exchange by
UIT of $14,583,290 of open account indebtedness due from NEGEA
for 100,000 shares of NEGEA first preferred and 50,000 of its common
shares, and the subsequent exchange of these first preferred shares
for 100,000 shares of NEGEA second preferred, at times when UIT
was
allegedly insolvent and heavily indebted to Gas and Electric
Associates.
The plaintiffs ask that the indebtedness of NEGEA to
UIT be re-established and NEGEA take back its second preferred amf
At

the

brought
of

.

involved

sums

answer

same

irt

and only
the

suit

a

Superior

Electric

stock.

common

Of

the

and

Gas

time

As

the

open

few dividends

debt,

(Smith,

Court,

Associates,

account indebtedness

were

the court

should

a

carries

interest

paid on the stocks, the re-establishment
find for the plaintiffs* would add over

The

filed

answer

by

s

the Trustees of NEGEA

tells a different story

the Hopson. management early in the thirties,,
Claims that the suit is barred by.the statute of limitations sit! lac'-tes,
of

the

and

transactions

balance
the

that Jurisdiction in this case is with the SEC.
The
that just priir to May 26, 1930, the open account
least $30,600,933,
and that at the request and for

suggests

defendants

say

was

benefit

ment

on

by

at

UIT, NEGEA then sold bonds in order to

of

account debt.

open

make a pay¬
$20.-

It was possible for NEGEA to sell

agreed to invest $14,583,290 in
equity securities. Out of the proceeds of the sale of the bonds,
paid UIT $16,017,643 cash. Without# the increase of the equity

000,000 Of its debentures only after UIT
NEGEA

would

exchange
of

impossible

to

debentures.

sell

amounting
then

to
sold

(bt

subsequent

first preferred stock of NEGEA owned by
UIT.
approximately 65,000 shares.
The other first preferred
by UIT to various persons Who relied on the increased

other

jurisdiction inasmuch
II

The

100.000 shares of first preferred for an equal number
preferred was made, according to the defendants, to render

salable

more

been

have

of *he

second

equity behind the stock they purchased.
The case raises an interesting question

Co.—Prepays

reveals that, on Oct.

of the profits received by NEGEA
in this suit are said to be at
of NEGEA states that the plaintiff's
right of action is barred/by the statute of-.limitations and by laches;
that the plaintiffs have not offered to rescind the transaction or to
restore the consideration paid by NEGEA, but on the contrary have
approved the sale by: words and conduct. Also, as the plantiffs, directly
or
indirectly, own all the second preferred and common stock of
NEGEA and part of the prior preferred, the profits, if any, were for

was

2227^

has disclosed that it has prepaid installments of $310,-

The amount of thes'e notes

the

1938

$3,000,000.

it

4 Weeks and.

Days Ended 3 Days Ended

Corp,

brought by the AGECO and AGECORP trustees in the
Court at Boston to rescind transactions whereby the

Inc..

NEGEA

National Tea Go.; Chicago.—Sales in 1942
-

in

was

District

which

sold but

and

1931

in

Electric

&

by the system's trustees against the New
Association to
rescind
transactions that)
and
1932.
The
amounts ' involved
exceed

$20,000,000 to the debt of NEGEA.

for, securities
and

' receivable

$7,137,574; furniture

■

31,

F.

9,363

.908,644

/

The company
000 each op its

:

'
;

™_;.™_.,_

the year end, Dec. 31,

in

"'"

'

1941

Balance Sheet, Dec. 31, 1943

.

delivered, '

$3,959,000/serial notes due Dec; 2,' 1942 and

1943;

31,

,' Assets—Cash

•

167,

Dec.

hot

less reserve), $1,415,146; other investments, $29,074;
$16,26C;736; deferred charges, $451,734; total, $41,-

$450,000; accounts payable, $996(474; sundry deposit and
loan accounts,1 $170.814;; accrued • federal capital stock tax,
property
taxes, wages; etc;, $770,279; reserve for Federal income taxes, $760,000/
serial notes
maturing, $7,750,000; reserves, $359,965/ common stock
(400,000 no par shares), $15,639)204; Treasury stock (10,300-shares),•
Dr$402,747;
earned surplus,
$9,387,360; total, $41,840,350.—V.
157,
May 1,

At

Deprec. dur.

840.350.
Liabiiltit's—Bank loans,

$619,721

,

.

$7,358,203.

reserve* for -doubtful ac-t
$12,126,440; investment in

England ^represented

to profit and loss on securities sold

,

;

$19,614:

1!)4;l

hand; $3,843,686; U: S.- savings bonds;cash surrender- value of-life insurance

on

$128,304)-, $7,105,894;-inventories,

counts-of
<>f

Balancc

Assets-^-Caslv in banks- and-

,

.

•(b)'Aggregate unrealized depreciation in value of
•;«
securities owned as compared with cost;
v v
At Dec. *31, 1942._'_™^-;

$4.28

*l,ess. discounts, returns,.and-allowances:
tincluding,transportation
?Including dividend."of $1,990, in. 1942 and $23,879 received from

suit

from- the

24,347

*Net"incomfr

,

•

1930,

and

complaint asks

25.888

7,300

•

Dividends

1,071,675

cost..

subsidiary in

iV

least

$389,632

38,922

"

Electric

sideration

1,749

35,782

Gas

filed

were

&

Associates,

1939

16,000

..

.

suits

Gas

that occurred

$367,841
9,335
10,707

9,492

"News Bureau:"
the court of the trustees of the Associated Gas & Electric

equity in NEGEA would be wiped out. The report also reveals
that NEGEA is suing certain Associated subsidiaries on transactions

the

$367,540
5,992
1,495

:

„

.

t

""$634,587

Earnings pel-share common stock
,

$23,000,000—

taken from the Boston

is

the Associated

$23,000,000

value

1941

"... 19,943

J™,™/

income

Total

1,706,262

'

and

Hopson

assets

$384,13911,175

.

.12,025

Expenses

500,000

,

1,547.950'
974,250

.

Dividends^ ,„,™/:
.

output

Associated System Bring Actions to Re¬

of

following

Federal

'taking securities owned-.'at.-their

$294962-

-

bonds^™..

income

.

■/-'Net profit _J™

Electric Association—Output—
15/ this Association reports electric

all stock

Report—

.

™!

income

Jan.

Nov, 30, and later extended to Jan, ,18.

occurred

"Without

Total

ended

England

774,037

.

.836.820

'

annual

divs. ^on ;sec./-_

Interest.on

172,452,363 .112,979,952

Gross profit on sales
Selling, general & admin, ex peases _/
I/_.
Prov. for depreciation, and"; amortization-..:,.

•

for

A reoort to

Co,

Income Account for Calendar Years
..,-<•-/

Other

188,588,200 122,727,034

expenses™-:..™

The

.

.

■

Taxable

$

•.

■

its

Cash 'dividends

Nov. 1,'41

•

•

operating revenues.™™.;

in

Dec.-31,

1942,
market .quotations

"

'Vv.

Oct. 31,'42

of sales

corporation'
entire

cents per share
Federal income tax;
60

scind 1930-32 Acts—Sums Involved Exceed

on
on
that date ^ and after. deducting
a
dividend of 15 cents per share payable Jan. ,15, 1943, amounted to
$7,269,167, equivalent. to $20.19 per; share on the 360,000-shares of
outstanding capital, stock.
This compares with a net asset value of
$.19.08 per - share on Sept. 30, 1942, .and with $19.57. per share on
Dec. 31, 1941,
;
•
"

.

--/>" (Including Domestic Subsidiary)..

tCbst

.

Trustees

of

.

.

of a

result that the

has been granted a further extension by the SEO
under section 11 (Bi of the Public Utility Holding Com¬
1935,
Hearings will be held on Feb. 24. They originally;

of

1942, two

company,

.

based

r

(John} Morrell & Co.—Earnings—

■

the

company

were,set

par

corporation on

156, p. 81:

Fiscal Years Ended—

1942,

week

Act

One

151,824

•40900

Unclaimed dividends

Gross sales and

1942 with

distributions, amounting to
will be totally exempt from

1777.

p.

hearings

pany

total, $72,241,799.

National- Bond & Share Corp.—Annual

W)

Tel, Co, over shareholders' capitalDividends pay. before deduct, of Income tax™

*

patents and

$2,008,009

-

Total

15 cents per share, payable
Similar distributions were made

Hearing Postponed—
on

25 cents per share has been declared on the common
value, payable Feb. I to holders of record Jan, 23. Pay¬
ments .during'1942 .were as follows; May ,22, 50
cents; and Oct. 31,
$1,50; the first since 102L—V: 157, p. 167.

:

Liahiii tiesH— •'
Excess in'value fl882) bf prop, oper. by G..N.

-V.

dividend of

a

the Revenue Act of

year

156,

The

and,

Nashua Mfg. Co,r^25-Cent Common Dividend—

54,909

v

«

41,750

income

pay¬

were

.

257/

p.

stock, no

Reserves for

amounts

12,261,660 kwh. This is a decrease of 57,154 kwh., or 0.46'>> below
production of 12,318,814 kwh. for the corresponding week a year ago.
Gas output for the Jan.
15 week is reported at 154,014,000 cubic
feet, an increase of 1,438,000 cubic feet, or 0.94f: above production
of 152,578.000 cubic feet in the corresponding week a year ago.

,

v.

,

54:909

'

Accrued revenue

.

and on Feb.

share

share; both

paid
1 and Aug. 1, 1941 and

Like

18.

of

44,942

$2,151,824

account

Shareholders'

per

Fund.—15-Cent Dividend—

New England Gas &

$3,905,000; "advance payments on cost-plus-fixed-fee con¬
(less. amount of $2,500,000 not entirely released for use), $10,924,800;. reserves, $4,656,637; capital stock fpar $5), $21,456,012; capital
surplus, $6,438,788; earned surplus, $17,338,128; total, $72,241,799.—

31

.

Telephone lines, properties,- etc,-™:
Furniture,. Montreal,
.'Cash

Jan,

15 cents per

of

cents

tracts

Balance Sheet, Dee,
*

75

345.

dividnd

For the

estimated,

■

in

of

the

for

to

Liabilities—Accounts payable for purchases, expenses, fray rolls/ etc,,
$7911,604;.accrued,expenses,. $530,829; Federal and State income taxes,

$1,050

*$1,323

.

defined

amount

thereof,

good, will, $2; deferred charges, $444,558;

27

—

*$366

156/p.

dividend

30, May 1, July 31 and Nov. 2, last year.
The trustees have elected to retain the tax status

Sept. 38, J942

4less reserves, for"depreciation of $10,468,012), $13,820,819;

'

Surplus revenue.

1, last year,

Aug.

of

Jan.

on

profits tax, estimated, $20900; traveling advances and
and employees, $35,539; miscellaneous investments,
advances, $343,540; property, plant and equipment

excess

accounts

extra

record

Jan, 30 to holders of record Jan. 22.

herein.

accounts, .officers

pre-

-ceding income -I™—

.

refund of
notes,

and

of

The trustees have declared

$87,731; notes, acceptances,
drafts and accounts receivable, including billings for costs and fees
on
cost-plus^fixed-fee contracts (less reserve of $163,120), $7,686,729;
unbilled costs and fees On cost-plus-fixed-fee contracts, $12,009,118;
Reimbursable expenditures for production facilities, $1,543,617; inven¬
tories; $9,407,734;, investments in and advances to unconsolidated sub¬
sidiaries at, cost,.adjusted where required for losses since
acquisition,
$4979,393; balances in connection with closed banks (less reserve of
$95,407), $1; cash.surrender value of life insurance, $228,880; land con/tracts; mortgages and real estate held for sale, $731,943; post-war

"

holders

to

New England

approximately $34,000 (Can¬
Canadian subsidiary
including

Balance- Sheet,

interest, $10,333,443;

deposits

2

1940.—V.

to

amounts have

contracts), $11,468,750;

accrued

and

1

an

semi-annual dividend

usual

Feb.

as

,

' ' 62,000
6,601,7.
8,414

Feb.

1

24,000

37,470 r

;

expenses

tax

$168,047
,.

31,530

.

the

the

.

Dividends

The directors have declared

on

has

1939,

net profits
to $145,159

aggregate

Assets—Cash, (including $4,104,094 restricted to
ment

1418.

the above statement.

of dividends

excess

consolidated
its

in

in

depreciation

for

corporation's

(in

year

held

$79,000

RFC,

$1,288,418

been deducted

I

and
able

plants.

Note—Provision

1942,

total, $1,178.608,—V. 156, p.

$400;

New Brunswick Fire Insurance Co,—Extra Dividend—

reconversion of

in the
treasury and $1,237,000 were cancelled, bringing the total outstanding
down "to $10,226,250^
Also during November, the company purchased
$888,000 of series D, 5s of 1962, of which $30,000 were, deposited with
the RFC, $28,000 held in the treasury, and $830,000 were cancelled.
The company also delivered for cancellation by the trustee,art addi¬
tional
$2,255,000 of series D bonds.
Outstanding amount of these
bonds was $10,457,000 as of Dec. 31, 1942.—V. 157, p. 43,
Of

excess profits tax, $4,252; plant and equipment
(net),
(less amortization), $584; deferred commission and
sale of capital stock, $13,976; total, $1,178,608.

patents

1,072,906

•

tlncludes $750,000.. for revaluation of automotive and refrigerator inyehtories; $40,835 for interest, paid; $150,000 for provision for postrWar

cancelled,'
reducing the amount, outstanding to $36,864,929.
In, November and
December; the company purchased $1,317;000 of series B, 5s of 1962;
held

$9,-

expenses,

1,500,000

-

were

of

accounts

$52,313;

370*660

2,100,000

1905,000

"Loss.

/The "company reports that 'during Oct., Nov. and 'Dec.,' 1942, it
acquired with cash from the treasury, $1,959,000 of series A 5f!r bonds
of 1962,
Of this amount $109,000 face amount were deposited with the
Reconstruction
Finance Corporation as additional collateral, $84,000

doubtful

payable, $88,713; customers' credit balances,
Federal income- and excess profits taxes, $267,640; accrued
$117,619; reserve for warranty, $4,000; employees' deposits
for purchase of U, S. war bonds, $1,157; dividend notes, $139/capital
stock
($1 par), $380,000; earned surplus,
$267,426; Treasury stocfc

474,757

435974

1,680,000

profit

Dividends paid

,

allowance, for

receivable, $942; inventories $191,855;
insurance, taxes, etc.), $17,073; post-war

(supplies,

Liabilities—Accounts

438,951

'940,835

profits taxes,

Net

.

Bonds—

RR.—Buys

(less

accrued interest

expenses

$227,844;

,

'

$475,392;

prepaid

expenses for

™™T_.™;.;,.._'
income

receivable

accounts

850),

refund of Federal

Fed. & State inc. taxes-

15, Aug. .15 and Nov. 16, last year, while payments of
share were made on Dec. 8, 1941, on Dec. 19, 1940, and on
1938.—V. 156, p. 2308.
"
'
;

*1,466,139

■

Excess

share has been declared on account of.
stock, no par value, payable Feb;
3.
Similar distributions were made on

per

Feb.

May

16,

$6.50

record

of

holders

to

2,987,900

tOther deductions

,

accumulations on the. $6.50 preferred
1$

10,079,663

•

disposal of cap.

assets

.

811,705

8,595,725

.

_-.™_™

5-yea.r

928,886

refrigerators

on

on

Sundry

Minneapoiis-Moline Power Implement Co.—Dividend

/

for

ranty
Loss

9,036,690
1,042,973

2,059,014

1,643,121

6.952,604

income

Total profit

12," Sept." 12

June

Operating, profit ™1

Other

dividend of 50 Cents, per share on the
$10, payable March 12 to holders of

(2)

as

the

SEC

whether

the state court, has

initiated proceedings under section

of the Public Utility Holding Company Act

to simplify

the

corporate structure of NEGEA. Hearings h^ve been held and a decision,
awaited, and under the terms of the Act it would be unlawful amf
ill violation of section 12 id of the Act for NEGEA to acqui'-e. retire

is

or

redeem

any

ot

its

securities

except

with

the

exprej>s

approval of

,

tcTVi ww|Ai!'W'frWtwat fviba AW •«

ruV '.w«tt

V«*fl»UA< ^fr tfiMtrfiVt >4"

,THE COMMERCIAL &. FINANCIAL: CHRONICLE

,348
the

SEC.

and

UIT

intervene

in

SEC proceedings;

the

how

NEGEA

to

be

debt

in

1943

taxes

should

would

Consolidated

equal that of 1942, an esti¬
further decline of more

show, a

to

,

the

rescind

,,

freight rate increases that be¬
March of 1942.
These rate Increases

In February and
properly granted by the ICC
heavy wage increases granted

quite

were

in part for

1941.

should

granted,

be

If

the

request

Nickel

for

Plate's

Liabilities—Accounts

to. recompense the railroads
recently as September and
of the rate increases

Federal

as

1943

for

be

would

for

reduced

must

be

failure

proper.
Investigations by
governmental bodies of holding company finances have revealed many
cases, of
swapping at rising prices of securities and properties by
companies in a system which resulted in the securities and properties
were

directed

the

the

from

complaints

analysis that
dividends should

foregoing

Nickel Plate

to

pay

A

of

share

one

of

of j20

New
1941

England

"fast

amount

ciation.

share

would

improvement

of

shares

had

larger

available

after

liberal

but

net

earnings

estimates

provisions

first

preferred

stock.

plated.—V.

consolidated1 basis.

a

to

its

strong

tage of

any

able

the

in

financial

It

is

understood

position

and

that

expects

the

opportunities for plant expansion which
postrwar. period.—WV 157, p. '257., i. .*

of

accumulations

series _B,

25

cents

$20

...Total
Jan.

16,

ended
For

.

17,

the

kwh.,
a

reporting companies and secondary sales to other utili¬
64,614,381, as compared with 61,957,120 kwh. for the week

Jan.

ago,

increase

an

preceding

week
with

compared

as

year

1942,

of

ended

4.295c

Jan.

9,

1943,

kwh.,

62,485,321

increase of 2.43%.—V.

an

'

.

for

output
the

1943,

"

,

from

64,002,093

was

Profit

>

dividend

6%

cumul.

holders

26. to

of

$10

of-record

Trustees'

19.Like-amounts

Feb.

at

corresponding

week

157, p. 44.

Court—
SEC

oral

throw

may

Court for

the

-*

•.

the

whole

t

Provision

the

on

company's

comply with

Commission.

into

'Iiiv.

the

that in

Co.

least

insofar

concerned,

are

the

"be

the

with

completed

Cash

Club—Earnings—

recommended

Income

Account, Year Ended Nov, 30, 1912

pany

In,come,from dues,, initiation fees)-etc.,

$365,203

deductions

Total

•

the

to

for. the

Order

be

Commission

extension

denied.—V.

time

of

157,

that

to

the

with

Interest

before providing for
1st

on

& -gen. >mtge.

(accrued but

not

interest

bonds

paid)— iy

bonds—

on

at

_

2%.

'

i.

.

North Carolina RR.—Dividends—New Director—

$12,722

annum'

per

Two

.

.

90,972

Jan.

on

paid during
Deficiency from oper. after provid. for int.

•

Balance

Sheet,

Nov.

requirements /

$78,250

30, 1942

,

V

•

York

Assets—New

City

house," $4/717,936; Travers- Island house,
(contra), $23,814; cash and accounts receivable,

$677,913; trust funds
$266,408;

$14,706;

inventories of stores and

total, $5,756,739.

Liabilities-—First

«

supplies,-$55,962;
-

.

>

.

,.

$917,000; trust
ties,
$233,353;

unearned

income,

$112,155;/
'v

'

2283.

.

$78,183;

deficit,
• ■ ■ ■

of

$3.50

payable Feb.

1

each

and

declared

were

1,

Aug.

1943.

the

by

rate was

Same

Asheville,

W,

T.

N.

of

Lee

C.,

has

elected

been

N.

C,,

who

Northern Indiana

total,
/

•

•"

Public Service

11 Months Ended Nov. 30—

Total

'

operating

/

revenues

i-_—

for

Provision

______

—.___

depreciation

—'.—

in

652,669"

•'

-

376,208

376,208'

.

$665,840

..

.

.

'

New York Casualty Co.—New

___/

and

'

Peter

,

Grimm,

President

and

Director, etc,—

director

of

William

White

A.

&

1

investments

Sons,

has been elected a director of • New York Casualty- Co./ George R.
Crosby has'been elected General Counsel'of the latter company as well
hs

of

American

been elected

Surety Co.

Assistant

*

Harry

Bennett and

Secretaries.—V.

155, p.

Fallon

Harold1 J.

Other

shares

Central

York

4,946,706

Share—■
Abnormal Traffic .Created by War Responsible—
The

abnormal

volume

of

traffic

created

by

the

a

enabled

war

deductions

Federal

income

shrs._

'.

taxcs___

.54,693

L_L__

1

share dividend which

a

Williamson

Mr.

paid

dividend,

a

was

paid Jam

pointed out that

15.

since

-V.

"

■

2137.-

p.

when

the company last
decade of greatly de¬

ICC

assigned

by

the

revenues.
the total obligations
the
company
and affiliated organizations have been reduced by
approximately $190,000,000, or more than 17%, and that annual in¬
terest charges have been reduced "by $11,500,000/or more than 24% i
!; "Along with the reduction in debt whioh has taken ' place," Mr.;
Williamson continued,
"the operating
efficiency of the company's

000

Jan.

Jan.

on

12- issued

connection

a

—V.

the

properties has been maintained at ri high leVel through additions
betterments'and the-purchase of new and modern motive power

stock.

rolling

in

;;v

31,

1942,

bundling

its

railroads

which

In

for

amounted

the

found

Europe

share

said

years,

that

the

of

the

The

the

ten'years

directors

of

equal

company

the

•'

to

took

into

157, p. 258.

'

'

certificate permitting

a

with

the

line

main

met

$2,291,948 * $2,523,864

task

the

over

resources

of

•

next

the

.<

John

four

recent

In

pup

Davin,

President, in
.months
we
have

stockholders

which

we

have

dends

on

the

indicating
found

it

preferred

a

statement issued Jan.

.

r

;

:

an

increase of 12.0%
;

.

Sept. 30— v*

<

..

p.

including

have

not

communications

many

appreciated,

as

the

board

has,

example,, cash-and Government-securities

at

$2Q(iOOO,(X)0, which makes the road
few ,of our stockholders realize that

fat

look

the

the

true

from

facts.

end. of

1942

rich.

exceeded

probably
our 1942 Federal, tax liability pay-,
so that our net cash is only a little

able,,in 1943 exceeds $19,000,000,
than $1,000,000.

/■

Floyd

Cerf

D.

the.common

stock

common

ing price
—V.

of

A

p.

no

tax

carry-over

credits

which

Nickel

Plate

will

longer enjoy.

accumulated

income.
:

tLoss.—V.

Sold— V-'-';..

Another serious problem confronting
appreciated by our stockholders, is that
between

mature

now

and

Oct.

1,

1947.

the
over

This

Nickel

Plate,

not

/

refunding

mortgage bonds. As a consequence, Nickel Plate faces within less than
five years the maturity of high-grade mortgage issues without

having

any

hig-grade

Under;
ferred

these
and

ing up
holder's

security to
circumstances

the cash

sell

for

the

declaration

stocks

the

purpose

of

of

refunding

dividends

on

the

Pre¬

entire investment.




'

_

branch,

extending

branch

a

In

announce

the

that

public

Proceeds

offering

•

of

a

the

20

went

to the selling

75

dividends

Feb.

Dividend—

dividend

a

of

cents

50

1507

to

the

$1/50

holders

Nov.

on

payments
--

has

of

•..

cumul.

of

16,

record

class

The

$6

-

have not

//■'••'

when- audit

37V2

cents

per

'

-

Ohio

profit

"

■

-

no

'
y

J

dis¬

A

result,

for

which

to

$5.79

20

on

15,990'
dimosal

of equipment™
Miscellaneous deductions
Federal
Excess

normal income

in

^___

provisions

for

on

1st

preferred

2nd

on

common

Shares of common

the

stock__

1940

reserve

of

—

-f—

Cr3,983

Cr9,140

23.944
48,697

31.588
43,225
48,697

stock.____-

stock

share

48.697

48,697

48,697

$1.54

$2.90

$1.26

42,000
-

-

"

excess

for

profits tax of $5,000.

manu-*
*»

-

the

reverse

credit

tax

procedure

to remove from earn¬

$934,000

up

of

surplus,

reserved

is

to

income

net

of, the company froqi
after $4,920,000 of preferred
share, on the 2,461,250 common shares on which

a

That

is equal,

declared

was

for

1942.

As

share.

a

is .the

157,

.

previously,

'

,

and

non-cash

ac¬

'
non-negotiable

258.

p.

•

this,

by

company

1952

approved

was

annual

H.

of

of

rate

mutualize

the
Press

meeting of the stockholders, according to
dispatch from New Orleans, La., which added:

Ellis,

President,
shares

100,000

of

said
$10

$1,000,000

the
par

value,

on

art

stock,
retired at

capital

would

be

10,000 shares

dividend not
on

exceeding 50 cents

Mar, 1, Mr. Ellis added.—V.

a

share

on

outstanding stock,

147, p. 126.

.

*

-

•

■

r«,

Grinding Wheel Co.—10-Cent Dividend—*

Pennroad

•

-

34,128
43,225
63.30G

Liability of Pennsylvania
$22,104,565—See Pennsylvania RR.-*—V. 157,

Corp.—Financial

RR. Fixed at

259.

p.

$138,838

deducting selling, advertising, administrative and general-ex¬
provision of $62,028 in 1942; $59,282 in 1941, and $52,590
depreciation of plant and equipment,
tlncludes $20,000
for raw material commitments restored.
lAfter post-war refund
and

cotton

A dividend of 10 cents per share has been declared on the common
stock, par $1, payable Feb. 15 to holders of record Jan. 26. Payments
during 1942 were as follows: Feb.* 16, May 15 and Aug., 15, 10 cents
each, and Nov. 16, 20 cents.—V. 156, p; 1508.

27,000

84,000
'

$215,859

,

of

1508.

p.

29

—

preferred stock

to

post-war credit.—V,

prior

■"After
penses.

•

22,067
-1,788

Cr5,441

on

per

'

17;923
2,910

$141,122

Dividends

Earnings

■

130,600

1221,000

taxes

Dividends

'

•

.

profit

Dividends

in

'11,250

surtax.

profits tax

years'
Net

and

$185,739

18,892

•/

Net loss

set

determination

the

to

at

starting

$163,061
t22,678

$351,172
20.729

sale of investments.

on

Interest

worsted .division?

the

charge
156,

1942 earnings and

consolidated

dividends

in

for

Associated

annual

>1940

$343,992..'

110,000

of

in

-

yearly at $35 a share.
Pending complete stock retirement, shareholders will be paid a semi¬

7,-181

and exps.,

will

$19,170,000,

to

Crawford

$624,521

special conting.

estimate of

indicated

the

plan

Jan.

•

3,779

income

Total

charge

directors.—V.

determined

have

Peninsular
<

in

Vice-President

:

Pan-American Life Insurance Co.—To Mutualize-r-

par

A -similar

1941

"

$620,742

..

income

Other

1942

,-,f

____l

the com¬
completed/

post-war excess profits tax credits previously included.

share

a

Leather-Co.-:(& Subs.)—rEarnings—

Years Ended Oct. 31—

'Operating

by
is

/'

; " :

;

companyand its

determined

been

be--announced

Vice-President

Hayes,

recent

character of

each of the seven
share were made.—

in

share

,

the net earnings of the

counted, the equity was about $6.17

of

account

stock,

AA

Jan. .25.

last,-while

B.

directors

dividends,

stockholders.

declared on

been

\

per

paid each

1942

will
.

Walen,

$20,104,000

■

share

per

on

15

made

Quarters

p.

cents

of

applicant^
at-Brogan, approximately 23.737"miles*"

declared

were

year

1692.

p.

Dean

reduce

/■'.

•

line

northwesterly

a

payable Feb. 15 to holders of record
quarter during 1941 and 1942,
year-end dividend of 50 cents was paid on Dec. 29,

auditors'and

156,

.

of

stock, par $12.50,

amounts

for

ings the 10%

the

them.

by the board of directors instead of build¬
to meet these maturities would jeopardize the stock¬

common

operation

...

comprised

fully

becomes a problem of paramount importance when it is realized
that tjhese obligations cannot be extended at maturity because of the
commitments made by the road, to the holders of its junior

of

was

preceding
•V. 156,

$21,000,000 of bonds will
is bad enough in itself,

but it

Jan.

also announced: that

used in the

;

.

Pacific

Pacific Telephone & Telegraph Co.^—Revises Estimate

prade by them and successfully concluded.
option to purchase some 106,500 shares of
$1) from former stockholders. *:The public offer¬

(par

payable

Reduction

/.

Union

application of the company and the

abandon

Brogan

facturing, have been elected

the

169.

dividend

value,

Loss

certain

the

to

of the track

on

addition,

was

Reason

%

of

the

County, Oregon.—V. 152, p. 2405; V* 142, p. 965.

and, Clifford

1941

was

had

$2 per share.-

was

157,

Chicago,

Co.,

stock

bankers

The

Prov,

exhaustion

in

It

E.

'•

Corp.'—Stock

Nu-Enamel

apore

Nickel Plate railroad.net income after taxes in 1941 was
$12,687,000.
;Jn 1942 net income after taxes declined $4,000,000 to $8,690,000, despite
an. increase in gross revenues from $60,219,000 in 1941 to $88,742,000
in "1942,
This anomalous situation is due in part to higher wages and
operating costs in 1942, and in part to higher tax rates and to the

the

as

the end

Like

30.

i~-V.

t$26,519

non-recurring

1

; >

abandonment by

connection-with. Another* branch line of the

a

directors

The
v

For.

But

and

to

pany's

s

<=$175,000

$70,000

the

•

1942

t

4U-

taxes,
'258.

tribution

says:

with the conservative policy
follow with reference to divi¬
stocks.
Stockholders point to
I fear that many of our stock¬

past high earnings and cash balances.
holders

19

impatience

necessary'to
and common

known

subsidiaries

44,

received

'

company

York, Chicago & St. Louis RR.—President Out¬

W.

lessee,

denied

1941.

Co.'.(Del.):—Weekly Outputr-

/.

______

^Before

157,

"■

substantial

the

Profit

ofour
'

lines Roads Difficulties—Not Feasible to Pay Dividends
.

RR.,

the common

on

O'Connor, Moffatt & Co.—Accumulated Dividend—
New

.

12

Owens-Illinois Glass Co.—50-Cent

Northeast. Airlines, Inc.—Earnings9 Months Ended

on
war

upon

.

consideration

the

conserve
p.

load

the

payment at this time, Mr. William¬

obligations that must be

well as the need to
eventualities.—V. 157,

ended

outbreak

•

dividend

a

the

in

1,693,794

year,

i_l

156, p. 258.

Pacific Mills—New Directors—

and

and
/.

'

;

greatly ..inceased "traffic

as

against

/

purposes

$194,100,000.

facilities

of

of maturing

amount

these
to

resulted."

determining upon

son

'

-

expenditures

"Total

2,781,392

Jan.

of

Dec.

Jan.

Vale

at

.

corresponding week last

"

against

Trustees,- Deo.: 8,; 1933;

*"

on

direction from

16, 1943, totaled 40,082,000 kwh., as compared with 35,797,-

for

kwh.

§4,052
;-

j;;-

Trust Shares,—V

par value

no

Pacific

Union

and

ended

„

Oregon-Washington RR. & Navigation Go.—Abandon¬

Electric output of the Northern States Power Co. system for the week¬

it has experienced nearly a
However, in that time he said

pressed

156,

Northern States Power

•

1931,

income yy.Ljty-*.

Net

the.

company last year to earn in excels of $7 a share despite heavily
increased costs for taxes, wages and materials, F; E. Williamson, Presi¬
a letter to stockholders accompanying: checks for- the.
!

2,251,435

/

51,663

^94,052

Oregon, Short Line RR.—AbandCnment— ' V

The ICC

$6,270,321
2,052,663

_

profits taxes,!

excess

670,678

-

tAmount

The

dent,' states in
$1

_

T___

and

$5,000,000
4,618,170

665,840

restatement of cap.

$10,761,292 $10,434,563

in Malheur

RR.—iSarns, Above $7

$10,434,563'

$5,000,000
from

profits

ment Denied—

6.754

$7,324,775 '

Income

New

33,820

339,078

'

$6,263,567

196,068

Gross, income*

'

,

1,572,393

"(net)

inepme

have

1681.

190,100

,

239,721

Total»'

385,607

$7,128,707.

_

700,000

/

'

33,819

$10,761,292

railroad,
Utility .operating income

-

■

at Montpelier to the end of the branch -at Paris, approximately 9.493
miles, in Bear Lake County,, Idaho.-r-V, 155, p. 1925.

1,585,639

390,408

,

765,000

-

'

bank.™

westerly from

1,713,662

hydro-elec. generat. plant (incl. taxes)
State, local and miscellaneous Federal taxes—

■

1941

$9,171,564

"269,100

other

I

The

1,932,602

Rental of

$646,719
v

•

capital stock, First National

obligations

note

•

1942

$9,453,651

;

.

-

31
?.»

banks__/-/_'__„.-.^

; 357,398

.

$652,669

Dec.

........

11

556,385

-

376,208

.

$670,678...

;

Comparative Balance Sheet,

•

$447,731

646,718

-

$i,028,876r;:$i,004,116

$1,046,886

the company, and abandonment of operation by- the Union Pacific RR.,
lessee, of the so-called Paris branch line of railroad extending south¬

1942
1941
$23,660,955 $20,284,927
11,532,383
9,751,317
963,193
726,404

___.

•

$38^,158

$394,216

670;678

•

■

4

'

Operating expenses
Maintenance

4,500
28,633

died

Co.—Earnings—

"' ',v *

,*

r

outstanding 376,208

to

director

a

recently.
;
Three-fourths of. the company's stock is State-owped. The railroad,
under lease to Southern Railway, runs from Goldsboro to Charlotte
by way. of Greensboro, N. jC.—V. ,117, p. 325.
Waynesville,

'

.

32,898

$1,042,048

Boston

$7,536.
of

late

the

,

3,400

.

* Majorities of whose'shares, excluding preferred stock, are held by
the Trustees at book value of the> shares as shown by Statements of
Condition of the respective banks.
tLess provision for contingencies of.

1942.

Greene

G.

succeed

-

150,' p.

14,

,

/

•

and
general
mortgage bonds, $4,548,600; second
(less bonds donated and held in Treasury of $3,000),
funds (contra), $23,814; current and accrued liabili¬

mortgage bonds

$5,756,739.—V.

prepaid expenses,-1

E.

dividends

semi-annual

directors

2,102

„

" $509,641
28,440

31,206

3,600/
39,218

Dividend payable /

352,481

—

•

Provision for

;>■
Net income

1,257

,,

$449,664

.

41,170

$371,370

States

JCapital

44.

p.

$478,204

' "

41,544

prof. Dec..31

Undivided

a holding com¬
"death sentence"

a

1,016

6,164

336

Balance arising

of

request

comply

...1

'

Liabilities—

.

aegis

the

U. S. District Court" acting under Section 11 (D) of the Public
Utility. Holding Company Ac% This is the first time that the staff has

,

$506,282

1,332

Total

North

parent

under

of the

York Athletic

New
'

as

1939

'

$447,315

32,593

taxes__:_

in 20,000 shs.,

tDemand

security holders the liquidation

relations

as

should

1940

'

/

,

$449,507

capital stocks of

Bank,

"1"

the interests of

at

company,

in

United

the.hearing, Henry C. Lank, counsel for the Public Utility Divi¬
sion, urged the Commission to deny the request and in a supporting

American

1941,

24,

1057.

2,094

2,128

pxps._.

Assets—

"Inv.

a

At

of

Jan.

cn

p.

1941'.

..

.

surplus
Dividends paid'

for

"

brief stated

156,

$469,945

4,000

for

>

indicated Jan, 14
an
extension

was

bonds

Total

-

petition

of

income_%

Previous balance

"death sentence" order of the

a

and

year,

$442,620

Net" Income

'

-

.proceedings

company

insurance,

paid

May Go to

.;

jurisdiction vand determination

argument

in which to

year

:

,

liability

Associates—Earnings'

fees

Interest

share on account V
stocks, series A and/

per

preferred

last

1940.—V.

1942

stks.__

/ Total income
Oper, salaries Si

i

on

the

of one

23,

24,

4,758

sale

on

Undiv'd

Federal

Jan.

on

bank

Miscellaneous

Corp.-^$ 10 Accrued Dividend— '
a.

for1

reserve

Is contem¬

•

North American Light & Power Co.- -Case

Federal

other

was

1,

April

r:i

.

advis¬

production in kilowatt hours, both generated and purchased,
England Power Association and subsidiaries for the week ended
1943 (the aniount available for New England Power Associa¬

tion and

ties),

per

That

of New

week-with

*

Sept.- 11 and .Dec,. 10,< last,, as against $2.50 dn June 10,<
March 25, 1942, Arrearages as at Jan. 1, 1943 totaled
share.—V, 156, p. 2227.
■ y

adan-

New England Power Association—Output Up 4.29%-—

Jan.

on

Old Colony Trust

on

1942, and $2

t

i

the

on

payable/Feb.

paid

were

added

prove

may

Car

The directors, have declared

take

to

be-able

to

American

has

System

about

or

157, p. 258.

North

interim

$161,024;

Years Ended Dec 31—
Divs

1

substantial

The

on

j \ ;?

f

figures is due in part to, the
provision ot the 1942 Revenue Act which gives all. corporations the,
privilege enjoyed by railroads of reporting earnings for tax purposes

on

Payment of the next dividend

t

place

required the company to furnish it each

schedule showing purchases made.,

depre¬

for

fixed charges were covered about
after charges were more than $9 per

of

detailed

a

etc.,

Interest.-,

The Commission

earnings,in

$18,862;

taxes,

.

.

common.

that

and over

1941

over

not yet

are

earnings

99,994

consolidated.net
have

to

$900,000

indicate

that

and
the

for

figures

excess

This

times

1.40

in

Electric,,whose

is,,understood

The final

year.

the

Gas, &

$323,172,

were

accrued

cents per share has been declared on the common
27 to holders of record, Jan., 19.
Similar pay¬

Jan.

made

were

,

.

$408,601;

-

in stock of Detroit Edison at the rate
Edison for each 50 shares of North American

Detroit

and

payable

against

granted the petition of the company to purchase
approximately JL2,500 shares of capital, stock of the Detroit Edison Co,
This will make possible the payment of the next quarterly dividend on

payajjle

payable,

Colony Investment Trust—20-Cerit Dividend—-

ments

16

stock

•

(est.), $29,298; portion of bank indebtedness due
$49,907; long-term indebtedness, $463,749; reserves
other emergency adjustments, $110,000; reserve for

contingencies,

dividend

stock,

North. American

-

taxes

year,

postwar

Old
-

North American Co.—Dividend in Detroit Edison—
The SEC on Jan.

»'

(48,697 no par shares), $678,609; capital surplus, $86,101; earned sur¬
plus, $818,990r total, $3,780,642.—V.'155, p. 265.

be

—V, 156,

finally being, on the books at excessive figures,. As long as the securities,
and properties were paid for in equity securities they did not harm
the rposition of the
publicly held senior securities.
But when it is
attempted, as in this case, to substitute a creditor position for the
full amount of equity, the publicly held senior securities are seriously
harmed
and
a
thorough Investigation of the' origin of the debts is
in order.
"
)
NEGEA 1942 Earnings Improved
;■

1.942

31,

8% cumulative 1st preferred stock (par $100)! $298,500; 7%
■cumulative second preferred stock (par $100), $600,000; common stock

about

properly

more

Oct.

$60,000;

by the stockholders to their Congressmen and Senators who
only people to whom they can look for relief in this situation.
p. 2308.

the

are

obvious

of

one

general

approximately $4,500,000 with consequent serious effqet upon pet earn¬
ings, even though wages were not increased one penny.
Although I am glad at all -times to, hear from Our stockholders, it

1930,

income

within

rescission

revenues

Sheet,

marketable securities, $364,898; trade ao<
.'receivable (less reserves for doubtful accounts arid discounts
of $26,690),. $551,837;
inventories, $1,407,499; Investments andJ other
assets, $60,478; land) buildings, machinery and equipment, (less reserves
for
depreciation of $1,020,752), $996,856; uncompleted' improvement
costs, $6,292; prepaid expenses, $16,509; total, $3,780,642.
counts

and

passenger

Balance

Assets—Cash,'$37'6,273;

1942 figure of $8,690,000.

effective

came

opinion of some observers it undoubtedly will raise the question
this, open .account indebtedness arose knd whether the deals

that caused

for

after

.

mission

May Open Up Past Dealings
decision finally be in favor of the plaintiffs and order

the

the,re-establishment of the open account indebtedness as of May,
the

volume

income

This gives no con¬
sideration to the pending demands of railroad labor organizations for
wag.e increases, nor does it take into account £he. recent demand of
OPA and other Federal agencies upon the Interstate Commerce Com¬

case,

;'

in

net

than $1,5Q0,000 from the

December

Should

pf

of

mate

the

this

business

the

If

Utilities

Associated

Corp. filed a joint petiticn
and, with the' full knowledge, of
^plaintiff, asserted that UIT was the owner of all the second pre¬
ferred
and
common
stock
of
NEGEA.
The
Public Utility
Holding
Company Aot provides that if the SEC finds that the corporate struc¬
ture'of a registered holding company needs revising, it may propose
a plan of reorganization and then apply to a Federal Court to approve
the plan and appoint a trustee to hold the company and its assets
and effect the plan.
For these reasons it is argued that the Massa¬
chusetts
court
has
not end
ought not to exercise jurisdiction in
to

Monday, January 2£, 1943

Pennsylvania
at

Judge George A.
on

the

RR.—Liability

Pennroad

to

Corp.

Put

$22,104,515—
Jan.

19

stockholder
Pennroad

The
share

Welsh of the

handed

Pennsylvania
suit

down

RR.
at

in

a

the

U.'S.

decision

$22,104,515.

He

District

fixing

Pennroad

Court

at

Philadelphia

the

financial liability of
in the Overfield-Welgle
ruled that all the present

Corp.

also

stockholders,

numbering 122,280, will share in the award.
give the present' stockholders the right to
the distribution, was made bv Judge Welsh in rejecting, a

ruling/which

contention

to

will

■

by

Robert

T.

McCracken,

Chief

Counsel

for

f.

RR.,. th^t

J ; *

■

i>

■ ■

,

,

»,

,

t

* »'

iti

*

of the present stockholders of

those

.Co.—Earnings^'-,

'Pullman

holders On June

National

the

Period Ended Nov. 30—

Maint.
All

Judge

Welsh

ruled

-

Freight

must

Pennsylvania

that

also

Pennroad

< pay

All

revenues, secured by p.
considered as "profits?'
v

freight'(Company;

to tthe

System
be

General

an

2,163,590

409,579

364,547

4,046,067

expenses

Operating profit
Interest, dividends, etc
Sundry items relating to prior years-—

612,231

?2,182,859
3,554,181

$2,128,858

T

' $80,553 ,$29,721,700

,

Total

185,584

153,911

1,071,843

43,118,367
1,061,023

342,998
23,884,464

18,492,479

780,239

332,535
199,291

215,414

$133,244

revenues

,

Total expenses

3,460,954

Net

revenue

148,336

2,438,670

1,736,555

$1,022,283

'$464,79:1

Total

net

$2,262,102

$14*7,630

$21,743,983

403,932

*16,311,202

t$434,921

>

r$l,569,942

$5,432,781

t$256,301

_2LL1!-

''

Hij£:

•

,1

Cash

I

_

_

_

^

.LLL--—1:'.

_

dividends .lid;

!1,950,324

19,860,232" 25,189,710
52,471,210 '46,281,500

.1
1

Total'

■

26,239,386
\

Previous surplus'

4,122,560

that

Operating income

325,479

19,860,232-

undivided

Total

$5,692,503

"2,697,023

revenue-

accrued

I_

-

Earnings for yeat,"L;il'_
Processing tax recovef-y (net

business mqst be
Taxes

taxes

2,201,349

$67,078

.

Federal and State income

t Judge

;

RR. put pf ,the freigtit

,

45,159,537

Interest paid

$5,227,709

,

;

369,212,044 323,020,113
44,973,953
42,184,218

Profit'

Auxiliary Operations-

allowed.

sales

Depreciation, obsolescence, etc
Net' revenue'

declined,

attorneys
on

3,415,045

3,190,297
32,740,479

'1941

$''$«,*

$4,984,725 $86,536,170 $58,163,006
2,314,675
25,837,627
26,586,026
61,360

•

.

V

■

*

1942—11 Mos.— 1941

317,993

opers._

Statement for Calendar-Years
1942

'

Net

2,383,681

car

Operations)

"

however, »to grant' the demand of the stockholders'
Pennsylvania RR.'be required to pay interest of 4%
the amounts they expended for investments from the dates of the

He

cars

maintenance-

Conducting

additional $3,390,250 by way of ^'profits"' earned by,P. RR. out of
National; Freight's business,
Pennsylvania had ..contended that the
net profits from National Freight's business had not exceeded $522,930
because it had
allocated
a
proportionate; share - of thfe over-air ex¬
penses of the Pennsylvania
Welsh ruled that could not

of

other

Auxiliary

1942—Month—1941

Sleeping Car OperationsTotal revenues
$8,655,156

Corp., in which Judge Welsh, himself
ruled that Pennsylvania must pay Pennroad a direct loss of $3,852,000
incurred in the operation of the company.
In his present decision,
was

Income

(Revenues and Expenses of Car and

Judge Welsh

them

"343

♦. t.

Pennroad. who were stock¬
8, 1931, .would be entitled to share in any award.
ruled, however* that the award is made to Pennroad
Corp. itself and not to the stockholders, individually Or collectively;'
*"
The liability fixed by Judge 'Welsh,
which it is expectfed will be
appealed to the higher Federal courts, concerns four transactions
between the formation of Pennroad in 1929 and
1931.
Included in
only

COtaiwERClAi/ &'* FlHANfclAL 'CHfeBlSSi:

THE,

Volume ll;57'^'Nurhbef 4145

A..'"

I'

1

n..

/ i

72,331,442

1

i

73,471,210

17,000,000

21,000,000

55,331,442

52,471,210

expenditure.
addition

In

the

consists

award

the

to

amounts

of

of

loss

a

the

in

$9,140,130

in

"Includes

transaction

Freight

National

$2,515,551

piirchase'of Pitts¬
on the purchase
on the purchase

the

income

burg & West Virginia RR. stock; a loss of $4,450,152

,of Seaboard Air
of
,

Boston

Line stock and

a

Maine shares.'

&

of

Packard

dnd
'

special

a

Drexel

B.

&

the

the

loss

The directors

share

of

Detroit-Toledo

Ironton

&

for

RR.

of

260..

p.

of

loss

a

stock,

the

on

25.-

:

■

•

Ward

interim dividend of

an

'

f;.

-\

Ensminger

head

of

has

been

elected

Nov.

on

1,

During February,
preferred stock
were

(no

During May,

par).

re-purchased-

by

company

'

•

—V. 156,, p.

-1942—12 Mos.—1941

2228.

Net

1942,

are

in

share' has been declared'on-the 'corfimonstock, payable'Feb. 10 to holders of record Jan. 20. This compares with$2.75 paid on Aug. 10, last, $3 each on Feb. 10, 1942, and Aug., 9, 1941,
and $3.25 on Feb. 10, 1941.—V. 156, p. 259.
'
' J \
$2.50

per

,

.

,.

v

*

'

The

SEC

extend unlisted

1,027,594

10,338

4,067

$1,580,115
11,903

^

Loss

of

annuities

dismantlement of

on

for employees

patents,

goodwill,

and

obsolescence,

fAfter

'17,474

have

stock

declared

50

cents;

May

a

15,

year-end

of

interim

an

Payments

Pittston Co.—Registrar—

(The)

Aug.

15

and

1942

Nov.

16,

15.pents.—V. 156,.p.

Trust

Co.

\

-post/of

37

15,000

merchandise

:

Underprovision
Provision for

The directors have declared

preferred stock and

7%--

a

dividend of 88 cents per share on the

preferred stock,'both on account of accumulations, .payable Feb.
record

of

holders

Jan.

Distributions

20.

on

7%

the

preferred

1 to
stock

during 1942 were as follows": Feb. 2, 88 cents; May 1, 87;tents;: Aug. 1,
88 cents: and Nov. 2, 87 cents, while, in ^he same year distributions of
75

cents

on

received
service—V. 157, p. 259.
who

of

absence

stock,
This

and,
last

Note-^-ProviSion fdr depreciation-

•;;

and

par

no

cents

to

compares

2

succeeding Robert
the military

1

Service

cent per

Dividend—

" "

;'

share was paid

on

Feb.

10,

V•

Corp. of N. J.

(& Subs.)—Earnings—

1942—Month—1941

Period Ended Dec. 31—

credit

profit

Balance

:

•

.

$337,789
150,000

and-amortization of property, plant,

first

Dividends

on

second

Sheet,

Oct. .31,

1942

Dividends

on

common

Shares of

Earnings
*

receivable

note

payable

to bank

(due

within

one

year),

1942—12 Mos.—1941

stock tax, $37,500; provision for future service charges
etc., $89,092; customer deposits- on unfilled orders,

accrued capital

installations,

on

$1,273,266; Federal taxes on income, $238,036; long-term debt, $320,000;

$5 convertible preferred stock (no par)^(authorized
including 1,000 shares held in treasury), $750,(par $5), $750,000;
capital surplus, $476,588,
earned surplus,
$898,921; less treasury stock—at cost (1,000 shares
preferred), $94,000; total, $6,144,675.—V. 156, p. 2229.
$240,000;

reserves,

and issued 7,500 shares

stock

common

Expenses,
and

revenues

maint.,

15,348,562
7,588,159
1,075,013

retirement exps._

Federal income taxes.-.
Fed.

7,240,293
1,167,367

profits tax.

excess

other

13,869,187 167,514,031 151,575,2^5

1,023,055

—

1,661,668

Cr207,003
1,598,884

4,000,667

4,069,646

2,251,241
1,749,426

taxes

Roan Antelope Copper

depr.

——

92,321,396
15,221,571

9,184,887

81,150,138
12,388,163

19,443,106

4,427,073
18,940,039

1,191,189

31,343,071
14,795,592

34,669,802
13,607,419

2,878,457

16,547,479

21,062,383

The
share

Jan.
last

year,

Dec.
Balance

—

—

Income & other deducts.
Balance

-

1942, Federal income and excess profits taxes were
accordance with the Revenue Act of 1942, excess profits

Note 1—In Dec.,

accrued

in

17,

shares,

American

the

A

declared

have

directors
on

23.

Mines, Ltd.—15-Cent Dividend

,

of

on

hand,

$150,000

to

$335,000;

$1,617,509

$9,688,183

$7,877,776

1942* were accrued in accordance with the Revenue Act

ended Dec. 31,

of 1942,

profits taxes being included in the 1942 accruals at the

excess

net rate of

81%.

1942, the gross amount of Federal excess profits taxes computed
at the rate of 90% amounted to $10,205,430, the 10% post-war credit
In

the net charge to earnings amounted to
$9,184,887. Due to the application of the debt retirement credit pro¬
vided in the Revenue Act of 1942, the 10% post-war credit of $1,020,543
was reduced to $156,861.
Federal income and excess profits taxes for the 12 months ended
amounted

to

$1,020,543,

Dec. 31, 1941, were

Director

and

accrued in accordance with the Revenue Act of 1941,

board of

directors

on

to

$1.98

class

B

annual report for the year ended Dec. 31, 1942,
$19,860,231, after all charges including deprecia¬

its

share

per

excess

nod

compare

These

earnings

10,000,000 shares of

with

net earnings

were

common

equal
and

of $23,239,386

1941,

share in

per

profits taxes.

the combined

on

stock

common

$2.32

or

Sales of the company in 1942 reached a new high record total of
$369,212,044, or an average of more than $1,000,000 for each calendar
day of the year, and representing an increase of $46,191,931 over the
$323,020,113 sales reported in the preceding year.. Net ^profit from
operations before taxes on income was $2,793,067 above the correspond¬

profit in

ing

Federal

1941

to

$2.48

1941.

and

State

taxes

on

1942

income

increased

$6,310,339

employees,

payable

bankers,

to

The 1942 taxes included excess profits taxes of
post-war credit of $918,354), and were equivalent
share.
Dividend payments during the year amounted to

(before

per

$1.70 per share.

Jan.

19

The

corporation reports that on Dec. 30 it paid from cash in the
treasury $15,000,000, the total amount of bank loans outstanding.—

notes in the amount of $18,750,000 are held by 12
depositary banks with whom in June 1942 a five-year
credit for $75,000,000 was arranged.
The in¬
terest rate on these current notes is 1%%.
"Recognising that the
growth in sales of the company's products requires larger inventories,
and in view of increasing cost of leaf tobacco, it was deemed advisable,
particularly under wartime conditions, to have available for company
use additional fund* while at the same time having the amount of such
borrowed money limited to the actual current needs," James A. Gray,
President, states.
"The advantages of this assured credit for a five-

V.1157; p. 260.

year

Radio

Corp. of America—Pays Bank Loans—

The

■

•




company's

of the company's

revolving

or

period

stand-by

are

obvious."

$3,250,000;

accounts

payable

accrued
(less

taxes,

U.

S.

and

employees, $970,662; deposit accounts, $59,121;
$77,000; reserve for income and excess profits taxes
tax

Treasury

series

notes

and

thereon,

interest

accrued

cumu¬

stock ($100 par), $1,773,100; second preferred stock
$2,135,333; common stock (263,491 no par shares), $4,-

lative

preferred

($100

par),

242,490; Treasury stock, Dr$18,255;
$18,684,798.—V. 157, p. 171.

earned

surplus

$2,660,714;

total,

Rustless Iron & Steel

'

Corp.—Regular Dividend—

usual quarterly dividend of 15 cents
stock, par $1, payable March 1 to holders
record Feb. 15. In addition to the four regular quarterly payments
15 cents per share made during 1942 on this issue, an extra of
cents was paid on Dec. 1, last.
have declared the

The directors

share on the common

per

Pays Bank Loan—Redeems Debentures—
On

Dec.

bank

1942,

29,

from

loan

redeemed

also

the corporation paid the balance of $300,000' of
York Trust Co.
of 3Vi% debentures due Oct. 1, 1956,

the New

$200,000

bringing the total outstanding to $2,200,000 at the end of
V. 156, p. 1780.

Gas & Electric Co.—Earnings—

San Diego

Year Ended Nov.

$12,990,677 $10,670,916
4,997,836
3,978,088

—

Operation

- f

1941

1942

30—

Operating revenues

—

-

and repairs

Maintenance

last year.—

?11,22Z

—

«

—-——

1,579,857

1,467,699

limited-term investments
iProv. for empls.' past service retirem. annuities
Taxes (other than Federal income taxes)—___
"Provision for Federal income taxes

104
402,661
1,398,324
1,695,500

' 777
457,386
1,290,684
628,220

$2,005,148

$2,127,650

Depreciation

—.—

Amortization of

over

$24,802,818.

$9,183,540
to

Resigns—

regretfully accepted the resigna¬
tion of Warren Webster, Jr., of Camden, N. J., who has been called
to Washington as Chief of the Smaller War Plants Unit, on the staff
of General Campbell, Chief of Ordnance.
Mr. Webster became a mem¬
ber of the board Dec. 16, 1941.—V. 157, p. 170.
The

(R. J.) Reynolds Tobacco Co,—Annual Report—
in

ac¬

$40,000;

officials

to

It

Company,

accounts

and' doubtful

investment in wholly owned
investments in and advances to other

$2,014,790), $1,025,210; reserve for contingencies, $1,250,000; 7%

its

shows net earnings of
tion and income and

customers'

discounts

inventory, $6,407,032;

Liabilities—Notes

of

taxes

adjustments resulted in a credit of $207,003 in the December accrual
for Federal excess profits taxes.
Note 2—Federal income and excess profits taxes for the 12 months

...

•

$2,389,744;
for

$0.70

*.v,

(trade), $1,140,775; accounts payable to subsidiary companies, $118,648;
due

15

—V. 156, p. 2229.

being accrued at the net rate of 81%.
,
In Dec., 1941, Federal income and excess profits taxes were calculated
in accordance with the Revenue Act of 1941, however;
end of- year

$3.65

$31,392; estimated post-war credit on excess
land and buildings (less reserve for depreciation
$1,661,192; factory buildings and sites (less reserve for
depreciation of $91,539), $131,810; machinery and equipment (less re¬
serve
for depreciation), $279,974;
total, $18,684,798.

1942—12 Mos.—1941

1942—Month—1941
$1,812,903

—

-269,399

-

$888,607),

of

Period Ended Dec.,31—

266,584

■■263,491
$4.34

and

reserve

company,

profits tax,

of

1,

14 cents each on June 5 and

25-Cent Stores, Inc.— Sales—

Sales

134,700

subsidiary companies, $61,261; other investments and advances, $56,698;
insurance deposits and prepaid Insurance, $36,907; expense and other

interim dividend of 15 cents per
payable Jan. 28 to-holders of record

compared with payments of
1941.—V. 155, p. 2462.

Rose's 5, 10 &

27,992

an

distribution was made on these shares on July

similar

'157,156

265.037

,

Oper. & other

124,124

153,948

Balance Sheet, Nov. 30, 1943

in bank

$470,021

124,124

150,621

___\

,

(leSs

advances

of

^-1

..

124,117

stock—
(no par)__

share

*60,119

$1,251,065 "

$1,418,200

deducting $24^881 overprovision for .prior years;

subsidiary

$43,982; other assets, $94,055; fixed
patents, etc., $5,861; deferred charges,

assets, $799,551; good will,,
$101,468; total, $6,144,675.

Cr40,000

stock_-,r

stock

common

per

After

Assets—Cash

•

vendors,

to

225,000

stock

pfd.

99.493

-

490,872

.

—.

pfd.

counts), $7,253,789;

payments

44,928
2,360,000

„—

on

114,925

$530,140

■

680,356

tax-.u.

prof., tax

$415,215
•

$2,066,430

taxes.—

excess

on

,

000;

Public

'

$72,000; trade accounts, $774,127; pay rolls and compensation (officers
and employees), $247,230; pay roll taxes, $18,862; sundry accounts pay¬
able, $3,294; accrued interest, $1,470; accrued local taxes, $48,289;

per

in addition, an extra of
year.—V. 155, p. 403.

profits

94,362

217,401

77,401-

'

excess

<

$1,989,029

75,065

charged off.

exp„

and State income

Net

19,638,115

93,025

276,955

$4,463,483

remodeling

Post-war

26,363,235

405

enter

share has been declared on the common
value, * payable Feb. 10 to holders of record Jan. 25,
with'3 cents per share paid each quarter during 1942,

of

Crl 1,411

equipment for the year ended Oct. 31, 1942 amounted tq $147,429
the -ten months ended Oct. 31, 1941 $112,276.
;
•
.

16,
Dec.

1940

101,037

income

Federal

for

-and

and

...

1941

33,534,988

l.__

Federal

150,000

4 $350,964
____________—,
?211,250

Liabilities—Portion

Privateer Mines, Ltd.—Smaller
dividend

180,500
329,500

■

,

,1

per

Feb.

each;'
.

$4,388,418

advance

Co.—Acting Treasurer—

leave

a

taxes.....

.*

paid

cents

266,152

(net)___.j;

Assets—Cash, $728,365'; marketable securities, $98,548; trade accounts
receivable (less reserve of $15,000); $1,727,021; inventories, $2,545,823;

Jones has been appointed Acting Treasurer,

Wilson,

A

<

were

Potomac Electric Power
W. L.

Dividends

made each quarter Previous payments were 87 cents
preferred stock and 75 cents,on the 6% preferred stock on

the 7%

March 15, 1941.—V,. 157, p. 170.

W.

Nefprofit

35

'"

1

profit

income

Total
Store

777,000

prior year—

for

cents

35

$38,290,654 $28,722,244 $20,365,094

;

Dividends

dividend of 75 cents per share on the 6%

a

$836,378

220,000.

profits tax__

postwar adjustments..

of

follows:

as

sold, .selling,

...

Operating
Other

$1,498,369

profits tax.

prior year

were

4,902

excess

Federal

Overprovision for

Portland Gas & Coke Co.—Preferred Dividends—
1

for

reserve.,

andt

Taxes

excess

and, declared value

.

Provision

dividend

1942

discounts? returns

allowances

7,731

Provision for Federal normal income tax, surtax

-

been

has

of

.

Rice-Stix Dry Goods Co.—Earnings-

general & administrative exp
Provision for depreciation....

•

-

equipment
•_

deduction

,

2139.

Years Ended Nov. 30—
•Sales,-less

8,296

etc

Provision for employees pensions—"—^.

appointed" registrar of the
new
class B preference and common
stocks, having an authorized
issue of 65,000 and 580,000 shares, respectively.—V. 157, p. 259.
Manufacturers

52,471,210

stocks, payable Feb. 15 to holders

during

36,354

Profit before taxes on income.....

The

90,000,000

,,,

and common B

common

25.

.

156, p. 2138.

trading privileges to the common

14,000,000
10,000,000

90,00,000

.

217,214,950 200,269,699

5,882

expense

Amortization

Exchange
($1 par),—

874,819

12,606

_L

the

Jan.

$870,752

...

directors
on

record

683,389

$1,569,777

on

par)..

;_J_

depreciation

26,

4,128,318

income

paid

12.000,000

10,000,000
55,331,442

($10

profits

of

$5,682,459

expenses.-^

-i...—

The

share

Oct. 31, '41

7,854,780

Interest

Premiums

stock

common

35-Cent Dividend—

10 Mo. End.

$10,452,150

sold.

"Operating1 profit

Total

B

—

"After

.

Special experimental and development expense.

.

8,000,000

2,000,000
20,617,781

26,215,141

the

at

i

18 to the Boston Stock

granted permission Jan.

to

treasury

Oct 31, '42

.Other- Income

Pepsi-Cola Co.—Traded in Boston—

V.-

the

Year Ended

'

L——I

products

class

3,180,708

18,750,000

2,000,000

etc.

Total

.

Selling, administrative and general

,

of

dividend

of

taxes,

Undivided

1,000 shares of this stock

held

4

sales

Cost

,

Peoria & Bureau Valley RR.—Dividend" Reduced—/
A

New

'

$3,289,994 $32,605,986 $27,707,675

2,918.367
-

payable current year.....'

Serial notes payable beyond one year:?
Common stock
($10 parl.__._i,._'_^_._^

Comparative Income Account

V

.

and

share.-.

per

217,2i4j950'200,269,699

'

Accrued

3,324,328

-

Accounts payable
Notes payable .._J
notes

i

322,383

2;716,586

fund

'

Liabilities—

;

555,353

Total

made

shares- of $5 convertible

.

1942—Month—1941

1
insurance

2,827"093

1'

.

"''

...

1942, company sold 7,500

purchase price of $94
•

V—$3,914,932

and

Engineering Co.—Annual Report

1941..

918,354

,

:

,

.

9,381,172

"1,427,214.

.

During the fiscal year ended Oct. 31, 1942, company entered .orders
aggregating $18,377,242 and carried forward on Nov. 1, 1942 business
unshipped and in process amounting to $12,426,000 as compared with
$4,692,177

;

'

Prepaid items

Vice-President

a

!___

goodwill._...._..Z_.._^I'

Brands, tradermarks,

;

,

.7,366,441
2,968,099
172,802~712 154,934,724
17,721.356
18,867,191
278,767
.278,267

Other receivables

the

Reliance Electric &

Peoples Drug Stores, Inc.—December Sales—*
Period Ended Dec. 31—

estate, buildings, etc

Serial

Judge Welsh would not accept either suggestion.
He" said it was
impossible for him to decide from the facts in the case just what
situation is and consequently he ruled there was no liability on
P. RR. to pay Pennroad in -his transaction.—V. 157, p. 45.

Sales

"Real

Investments. T.l,......
Postwar credit on; excess profits tax..

to

,

11,262,468

......

tax settlem'

Inventories

and

,j

1941

9,532,139

"
from U: S. Treas. for proces;

Due

company's New York office.
He takes over.the
post vacated by Andrew 'McNally ■ 3rd, now serving as a Lieutenant
in the Army Corps of Engineers.—V. 118, p. 1531.

$8,757,417.

$2.32
,

L

.

Accounts receivable

15 cents per

6% .pfd.

addition

In

McNally Co.—New Vice-President—

K.

executive

the

:

Securities Co.—Dividends—

Jan. 20 declared

common

Jan.

pur¬

determine whether
there actually
or whether Pennroad
had benefited or- suffered by it, suggested the solution that Pennsyl¬
vania buy the- stock from Pennroad at the purchase, price.
Counsel for
the stockholders
made the counter-proposal that
Pennroad sell the
Canton
shares
at
public auction and if the total price were - less
than the cost to Pennroad, originally, P. RR. be required to make up
claim

$1.98
^■earS

Balance Sheet for Calendar

,

(

to

His

Stockholders

Light

on

share

Rand

10,000 shares of Lehigh Valley RR. stock for $650,000.
P. RR. of any'liability for these transactions and also
exonerated it from making any payment in the transaction in which
Pennroad purchased
the controlling interest in the Canton Co. for

the difference.

November-;

IRetirement and

New

absolved

advisory board, being unable
was
a
loss in this transaction

the

on

per

record

chase of

$14,432,814.

Government
of

tLoss.—V. 157,

$36,-

COO.OQO; or a loss of $3,057,840 in the purchase of New .York
Haven '& Hartford shares; for $17,451,151 or any
loss on the
He

S.

month

the regular quarterly dividend of
stock, both payable Feb. 1 to holders
four interim payments of 15 cents
Rer share, made during 1942 on the common stock, the
company in that
year paid an extra dividend of 15 cents per share on Oct. 29.—V. 157,
$1.50

•

stock

entire

for

•Cash.

against P. RR.
accepted the board's opinion that'the Pennroad did not sustain
loss of $6,762,051 claimed by the stockholders in the purchase of

almost

U.

30,

of. $2,166,434

taxes

.

1942

Railway &

New

He

the

profits

advisory

Co.,

McGinnis,

assessed

excess

$12,012,739 for the eleven months ended Nov. 30.

'Assets—

committee consisting of Edward HopPhiladelphia; John B. Oldham, Boston, and
York, recommended to Judge Welsh that
no liability
be assessed against P. RR. on1 the Seaboard transaction
because they felt the loss there was due more to general stock market
conditions than' to
any
improvident investment designed to benefit
1'. RR.
However, Judge Welsh discarded the board's recommendation
Previously

kinson

Nov..

46.

P.

•

..

and

Surplus at end of year___
Earnings per common share..,

the month of November and

.

,

and

loss of $1,271,983

payroll taxes of $252,648 for
for the eleven months ended

Net

operating income—*

165

3,467

$2,005,313
456,930

$2,131,117
585,669

$1,548,383

$1,545,447

Other income
Gross

income

—

Income deductions

Net

income

Dividends
Dividends
Common

*In

its

on
on

-

preferred stock
common stock

stock,

average

Federal
the

mium

bonds

on

375,000

income
redeemed

tax

return

discount
during

for

1940

year,

1,012,038

company

and expense

that

329,191
902,925

1,250,000

shares outstanding

unamortized

deduction

1,125,000

claimed

as

a

and redemption pre¬
for the purpose of

and

computing Federal excess profits taxes for 1941 and 1942 it has avail-

able

a

credit

carry-over

1940.

by the Division were.'concerned
devices that it contended should be established, in
with the company's proposal to issue new bonds ancl notes
to
redeem the outstanding $6,763,400 first mortgage G'/y gold bonds,
series A.
'
■
V.
•
■
As part of the over-all plan, designed
to redistribute voting power
and
alleviate a top-heavy debt structure, the
company would issue
in lieu of the present bonds $5,500,000 of first mortgage 3%'* 30-year
bonds and $1,200,000 of 10-year 3 '•<> serial notes, using the proceeds
with $100,000 cash on hand to redeem the present issue.
Ten shares of the new common stock would
be given for each of
the 42,516 shares of 775.
cumulative stock outstanding, or 425,160 ofthe new stock, representing 95.0871
of the new-issue,
One-fifth new
share would be exchanged for each .share of class A common stock,
of Which 110,000 are outstanding, or 22,000 shares of the: new stock,
representing 4.92'!
'
,'r'*;"<
The Division argued that even if there were no arrearages of divi¬
dends on the present preferred stock, the class B common could not
possibly have any equity in future earnings of the company;1 Arrearages
on the preferred at Aug. 31, 1942, amounted to ,$4,251,650.
All the class B common stock is owned by Standard Gas & Electric
with

are

greater, approximately to the following extent: 12
30, 1942, $130,000; 12 months ended Nov. 30, 1941,
provision shown for the 1942 period is stated after
deducting allowance of $96,000 for the post-war refund provided for
iu the Federal Revenue Act of 1942,—V. 156, p. 1510.
ended

$227,000.

Nov.

The

directors

the

.on

Jan.

on

stock

common

declared

14

dividend

a

of

quarterly

usual

the

and

cents

25

dividend

per

share

25

cents

of

share on: the convertible preferred stock, the common dividend
being payable on Feb. 20 and the preferred dividend on Feb. 15. both
to holders of record Feb. 10.
Payments during 1942 on the common
per

stock
and

were

Nov.

May

10,

15(5,

$1.25.—V.

20,

Safeway
See

Feb.

follows:

as

and

10

Aug.

25

10,

.

each;

cents

1509.

p.

Stores, Inc.—Indicted

Trust—

as

Kroger Grocery & Bakery Co.—V.

157,

260.

p.

061,952.—V.

Sarnia

Bridge Co.,

of

new

standing.
shares of

the

that

to

of

'■

.

•

p.

•

1942—12 Mos.—1941
$5,810,851
$7,417,120
For the month of December electrical, appliance, net sales decreased
35.32 f,i 1 while furniture net sales reflect a decrease of only 8.29'U.
The decrease in net-sales for the year ended Dec. 31 is accounted
,V

■<•

last

few

from

have

t.

exceed

cannot

"This
Excess

been

paid

on

year,

a

\

Gloss

receive

—V.

_'/ $2,779,358

Sales

156, p. 2229.

.•

.1942

.

.
.

$3,512,252

,

-Division, Bedford,

1943—Week—1942 •
1943—2 Week.s—1942
$3,700,309 $11,005,233 • $7,212,561

New

.

title

Secretary

Jones,

Plant

Commerce,

of

Corporation,

directors

the

on

Sept.

Jan.

on

remaining

Defense

in

i

share

was

convertible preferred stock, par $100,

the 6'!

on

record

of

holders

5.—V.

Mar,

157,

Fay, Vice-President in charge of broadcasting: - Lloyd
L. Spencer, Vice-President in charge of sales; and Fred C. Young, VicePresident in charge of engineering.—V,-157, p. 174.
V

Studebaker Corp.—Stock

Lewis

Loal, Who

has

has

McGee

Mr,

been

been

has

McGee

appointed

elected

—r-

f'

Nov. 29, '41 Nov, 28, '42 Nov. 29, '41

profit

$2,204,054

$1,700,101

$1,058,512

$940,926

1,362,731

1,215,354

657,267

''639,502

5,266,306

■

ywhich

———

general

Selling,

ministrative

and

ad-

expenses

Estate

with

the

Total

Co,

$401,438

$370,113

$347,549

$245,836

2,891

1,692

S736.560

$373,005

$349,141

$247,380

46,565

31,265

27,098

deductions

Income

of

the

$201,777

$208,498

$2,573,164

56,133

665,295

per

with

income___._—64,999

Net

213,080

47,443

562,601

laneous

714,479

(less-

S497.548,'

cash

Charles

'

accounts

the, increased needs
$0.59 ?■■■ also those of our Government.

;

discounts credits and

for

.

bad

and

receivable,

."Our

accounts

dividend

cents per share

has been declared on

Strapping Co,—Issue Placed

Steel

(trade),

payable

$314,179;

surplus, $1,026,580; total, $2,986,879.—V.

Privately

committed
the

Smith

$2.62 V2

of

Agricultural

per

share

was

made,

$22.62*2 per share.—V.

Chemical

Arrearages

156, p.

as

directors

common

21.

Jan.

no

par

a

dividend

each;

Aug.

1,

$1;

of

25

value, payable Feb.

Payments during 1942 were

cents

25

declared

have

stock,

as

and Oct, 31,

cents

Resident
the

The

19

the

defendant

there

was

in

series

a

unlawful

no

breach of

a

dismissed

' \

-

of .transactions

involved

Vice-President

New

York

branch

in

charge

office.

Vice-President

Gross

Taxes

1942—Month—1941

earnings

Operating

bonding

their

of

operations

continues

in-

>

155, p. 831. '

■'

...

Interest,

$816,903

256,347

255,458

58,860

55,728

196,418

177,381

116,160

351,280

351,119

1

Net

income

-V.

$114

$5,765

$4,290

Provision

for

in

affiliated

Profit

81, 1942

—___I—J

'

$5,435,099

.

Total

income

Provision

$5,493,128

for Federal normal income tax-.

Southern Colorado Power Co.—New Plan Drafted
by
Stock to Lose Equity—
plan for recapitalization of the

Utilities Division of
The

the SEC,
approval.
principal modification

common

for

$10

par

modified

recommended

Jan,

14

by the Public
to

the Com¬

its

1

profit from operations

common

would

be

elimination

of

the

class

X>

of

the

the Standard Gas & Electrie Co.

and

in

pany's parent, the Standard Power & Light Corp.




turn

by that

com¬

■/■■'-.

smoked

would have gone to "the civilian population
picnics.

and

hams

Canning capacity

has

as

expanded

this company now* can

produce more than 8,000,000 pounds a
week.
:
■'//,./::' -".'V1,
"
The company also developed "war" lard which not only maintains
satisfactory consistency at high temperature but also possesses greater
resistance to' rancidity.
A special shortening was prepared for use In
parachbte rations. FaP formulas in many soaps have been changed to
save glycerine, essential for manufacture of explosives.
•
•
Mr Holmes poinetd out that, the shattering of delivery records has
gone hand in hand with peak production, citing an instance in which
one
storage plant loaded and shipped in 17 working-days 20,000,000
pounds of lard in 522 freight cars.—V.,157, p. 47.
1
' '
that

1,200,000
$2,953,128

—

Consolidated Balance Sheet, Aug.
580;
(less

due

from

reserves

Circuit

Settlement

3J, 1942

accrued

(net),

.

rents

funded

$200,000
reserve

debt

and

participants,

other

$126,221;

accounts
for

Pictures, Inc.

$18,143,920; deferred credits,

(& Subs.), $2,914,655:

stock

(904.847

payable,

155,

1420.

p.

Third Avenue Transit Corp.

Redemption

below.—V. 156, p. 1871.

Third Avenue Transit Corp.—Bonds Called—
All

income

$1,463,687;

©wing, to

-

par

value),

$4,524,232;

outstanding Third Avenue Railroad Co. f-M
50-year gold bonds, dated July 1, 1887, have been called
on Feb. 1, next, at a redemption price equal to the

remaining

balanec of the principal amount thereof ($850 per original
bond) together .with accrued, interest to date of redemption.
will be made - at the City Bank Farmers Trust Co.," trustee
22 William St., New York City. ./
On Jan. 12, 1943, a total of 52 bonds of this issue
previously - called
$-1,000

•

funded and other long-term

of $5

Ifc

Payment

Warner

$107,201; reserve for contingencies,

shares

the

redemption

unpaid

taxes,. $2,-

$24,280;

of

mortgage
for

£1,323,519;

obligations,

Federal

contractural

deposits,

debt,

capital

See

.

payable,

Bros,

$230,000;

above.—V.

Third Avenue Ry. Co.—Bonds Called for

-

$502,234; accounts receivable
investments in affiliated companies,

$1,003,689:

liabilities,

to

.

$49,-

$66,811,816; other assets, $505,798; pre¬
and other expenses, $1^324,045; goodwill,

total $71,061,952.

849,287;

owing

Fairchild Aviation Corp.

Corp.

of $15,058), $206,538;

$633,719;-fixed assets
paid taxes, insurance,
$107,969;

See

1,809,693

;

Liabilities—Notes

the company from all participation in the
three outstanding issues into a single issue of
stock.
The plan would remove the company from

stockholders

reclassification of
control by

was

company,

;

Tay lore raft Aviation Corp.—Sale of Control Probable
Net

157, p. 173.

mission

which normally
or

--

1.340,000

profits tax

Assets—Cash, $1,220,253; U. S, War Savings bonds (series F),

A

'

58,028
'

Excess

more

so

\

companies.:—2,986

—

'

unprecedented volume of pork for canning, most of

to

pork

.

investments

the

out"

—$8,807,035

$32,945

SEC Unit—Class B

the company

the Government, he - said it was necessary to "trim
than a quarter billion pounds'of fresh ham and shoulder

went

( fresh

and depreciation of properties
2,303,468
expense1,065,482

Interest

Dividends paid

Surplus

of the difficulties .faced by

some

Large increases in

obtain

To

Which
'

depreciation &

dividends

share

per

the

special shortenings.
'

1942—3 Mos.—1941

$808,335

85.827

meeting

the war.

(

>'

■

*

$263,480

dividend of 30 cents

'

charge' of

Other income

85,991

Co.—Special Dividend—Role in War Effort—

tion of canned meats/: dried eggs, dried skim milk, "war" lard and

in

■'

McCredie

I.

'

$261,142
maint..

//('../y-',.'.-.C>

47.

p.

Exchange has authorized' the listirig on the
of-425,014 shares of papital stock (par $25)
outstanding.—y. ,156,
N.151, p. 26).

and

Holmes stressed

in

,

Amortization

1,

116,177

and

issued

of

'

G.

Consolidated Income for Year Ended Aug.

on

Ltd.—Earnings—

requirements

(Calif.)—Listing of Capital Stock—

The directors have declared a special

Mr.

in

of

'.

Southern Canada Power Co.,

157,

entire

the

of

York: Stock

New

are

Swift &

(

•

Period Ended Dec. 31—

part

,in

stockholders'-

a

conspiracy;.' that noneof -the

their fiduciary duty

..general operations in New York City.—V.

record

follows: Feb. 2 and May
$1.75.—V. 157, p. 261.

it,"—V.

upon

'

Stanley Co. of America (& Subs.)— Earnings—:

share

per

by
that

Resident

1157.

holders of

to

l

the

,

■

The
the

on

.

Dividend

Co.—25-Cent

efforts

changed operational problems that developed because
canning,-, the preparation of new prod¬
tot the Sperry
Corp., and that no fiduciary relationship existed between Field, Glore
ucts, changes in formulae of others, wore detailed.
... .
.«•
& Co. and the Sperry Corp.—V. 156, p. 2046.
/'„ "Sales to the armed services and for lend-lease run into very im¬
:.
"
: : '
^
; i
■
pressive totals," Mr. Holmes said, "but it must be kept In mind that
•'
civilian business still constitutes the major part of our activities."
Standard Accident Insurance Co.—N.ew''.Resident' ViceIn describing some of the things Swift has done to step up its out¬
President at New York—
J
put and distribution of food, so that military, lend-lease and civilian
/ requirements can be filled,: Mr. Holmes cited the expansion in prepara¬
The
announces
the
company
appointment of Rankin - Martin
as
sale;

defendants .committed

A divident
of $1.62Vz per share has been declared on account of
accumulations
on
the GVz'o
cumulative preferred stock, par $100,
payable Feb. I to holders ©f record Jan. 23. A like amount has been
paid each quarter since and including May 1. 1940, while on Feb 1,

amounted to

/".;/:.

redoubled

for

•

,

payment

•

,,

,

Simpson's, Ltd.—Accumulated Dividend—

last,

...

addition to the. usual quarterly, dividend of like amount on (he
"common stock, the special being payable March § to holders of record
certain of its officers and
Feb. 5, and the quarterly on April 1 to holders of record March 1.
directors and Field, Glore & Co. and its partners for an accounting i
and recovery of profits realized through the -sale in 1935 of $401,951
Special distributions of'30 cents, each,'were-made on April 1 in. the
common
and
115,232 class A common shares nl- the -Curtiss-Wright •
years 1942 and 1941.
: :
v/ ,
--v>:
Corp.
The action was instituted by Jules Biccard, a shareholder, "who
Large scale expansion of
food output and development; of new
charged the defendants conspired to .defraud - the Sperry Corp. of ■- products to meet increased military, lend-lease, and civilian. require-■
benefits to be realized from the stock.
v-"-y r,\:: • ments constitute this company's major role in the war effort, John
The court held that no acts of waste,, negligence or-bad faith were
.-Holmes, President, fold stockholders at the annual meeting on Jan. 21.

through Harris Hall & Co. (Inc.).
The proceeds were
used to retire company's term bank loans.
The 3% debentures will mature $40,000 semi-annually
each July 1, 1943 to Jan. 1, 1950, both inclusive. The
3.%% debentures will mature $40,000 each July 1, 1950
and Jan. 1, 1951; $80,000 each July 1, 1951 and Jan. 1,
1952 and $100,000 each July 1, 1952 and Jan. 1, 1943.—
v. 156, p. 1510.
:
y;y;:

a

-

New York Stock Exchange

;

,,

privately to an insurance com¬
and two banks a new issue of $1,000,000 3% and
3%% serial debentures.
The financing was arranged

2,

t

the

Superior Oil Co.

••/(which

1

Corp.—Stockholders' Suit Dismissed—

Judge Simon Rifkind on Jan.
derivative suit
against the corporation,

pany

1940,

required

called

has

imposed

and fl:,

officers

due

157, p. 261.

Federal

—The company has sold

Nov,

,

types. /: v..-v.-1'''■*v-..

"This

/

stock (266,799 no par shares). $1,166,328; capital surplus $1,749; earned

Sperry

Signode

:

.

employees, $48,743; provision for accrued taxes, $393,134; other, accrued
expenses,
$32,966; other liabilities, $1,758; reserves; $1,443; common

^

years,

"During the past year the company
of ourrailroads and utilities,> but

organization, and the company has successfully met the

$581,797), $491,441; intangible assets, $2; prepaid'ex¬
deferred charges, $29,449; total, $2,986,879.
'
;
'

Liabilities—Accounts

the common
stock, par $15, payable Feb. 1 to holders of record Jan. 21.
Like
amounts were paid on Aug, 1 and Nov. 2. last, as against 40 cents
per share in preceding quarters.—V. 157, p. 46.
of 30

,

Army

/various
<

of

'

30-Cent Common Dividend—
A

for' 15

for several hundred

heaters

..

receivable, $8,500; inventories,
life insurance, $51,690; miscel¬
$11,005; fixed assets (less reserve for

.''-V.:

■.

company
to design and furnish superlocomotives for use on all fronts.
."Our Navy and Merchant Marine also commissioned this company
to design and manufacture superheaters for hundreds of vessels of

/■).

.

depreciation of
penses

only

.

'.-/„

accounts
value

the organization

with

associated

An official announcement says:

met. not

.

Howard R.

■"-.-.'"V'

Dec,,1933, has been an Assistant Treasurer.—V. 156, p. 1958.

Superheater Co.—Its 1942 Record—

70.402

banks; $174,815: cash due in connec¬
of Marion Shoe Division, $175,828; ac¬

reserve

other

*-.■

--.i.

been

:•

.

elected .Treasure?,, succeeding

been

:

has

Kane

and since

" $157,249.

$0.41

1942

has

Kane

B.

deceased.

Neill,

in

and

surrender

28,

Nov.

Sheet,

receivable

accounts

$0.97

$1.06

hand

on

receivable

$2,465),

$1,546,601;

re¬

accruals

March

v'/.j Stone & Webster, Inc.—New Treasurer—

1.543

-

-»

$108,963

share

com.

Assets—Cash

807,957

after

83.251

$258,489

Balance

$2,531,484

76.690

revenues

res.

406,089

taxes

income

Earns,

1942—12 Mos.—1941

1942—Month—1941

Period Ended Dec. 31—

3

i-

of

payable

$1,

L^ke amounts were paid on March 16, July, 15 and Nov. 16. 1942,
during 1941 the /.following payments were made:
March 15,
cents; and July 15 and Nov. 15, 2b cents each.—V. 155, p.; 831,

Mr.

$283,905

Prov. for Fed. inc.

Net

Dividend—

has .been declared on the
15 to holders of. record, Feb.

share

19,728

profit

income

Total

Banking

par.

per

obsoles.

of

of

stock,

cents

three

while

>

56,654

$731,314
5,246

pur¬

1871,

15.

-$302,490

53.889

of

dividend

a

common

1.067

116,868

depr.,

Other income

N.

tion

tirement

f $301,424

;

-.194

.

$486,981

counts

Operating

$401:244

$842,447

profit

oper.

for.

and

Sierra Pacific Power Co.—Earnings-

Gross- income

2,234

amortization—111,133

Prov.

Assistant

Executive

been

Trust

Department

$484,748

1,124

revenue-..-.

oper,

to make payment for 25.000 shares of stock
each on Dec. 27, 1939, at $5.73 a share..—V. 156, p.

.required

by

Sullivan Consolidated Mines, Ltd.—3-Cent

/

Philadelphia. Previously, he was connected
of the Commonwealth of PennsyL
vania and also in independent accounting practice.
In making
the announcement, Eugene J, Hynes, President of the
company, stated that all financial and accounting affairs of the com¬
pany will be under Mr. McGee's direction,—V. 156, p. 1510.
Real

$841,323

Operating profit
Other

■'

to the President,
Vice-President and director

be

shall

chased

Gross

Options—

extended until six,, months after the cessation
the United States and Germany, as determined

by the President of the United States or provided by law, the time in
Paul 0. Hoffman, President, and Harold S. .Vance; Chairman,

$4,831,653
3,890,727

10,203,248

$8,520,925
6,820,824

$6,324,817

goods sold--

hostilities between

of

1156.

succeeding H.

Treasurer,

corporation has

The

sales, less discts.- $12,407,302

William

,

6 Months Ended

—-

Di-

s.0/,"

.x.

been elected directors of the company: Frank
firm of Goodwin, Nixon, Hargraves. Middleton &

have

Devans, of the law

Devans;

t

of

'

Co.—New

Mfg.

Telephone

.

following

The
E.
■

V./:

—Years Ended

.

12

Sedgley, Inc.—Changes in Personnel—

(R. F.)

wholly-owned domestic

simplify the company's corporate structure,
were■-.created,-r-V-. 157, p. 174.,

to

.

payable Mar.- 15

173.

p.

Spencer Shoe Corp. (& Subs.)—Earnings—

Operating

William

order

rectors—

•

■

to

1942—12 Mos.—1941

156, p.

in

number of new divisions

a

Stromberg-Carlson
:

■

,

Nov. 28, '42

Plant Corporation,—V.

Ohio), Alfred J. Burns (Charles H. Phillips Division,

31, the corporation absorbed 16 of ifs

subsidiaries

cents/ per share

?■-*/':
v.
■/ .-"'/;""-r;
The directors also declared the usual quarterly dividend of $1.50 per

1931.

Cost

Jan.

:

H.

compares

last year, which

15,

15

of

dividend

a

value, payable Feb. 20 to holders of
with 25 cents per share paid on
the first payment on this issue since

par

no

This

10.

declared

20

stock,

common

Feb.

record

Mich.—Expansion—

on

■'.

Robert R. Harsell (Charles H. Phillips Division, New York)
Williams (R. L. .Watkins .Division, Lowell, Mass.) ,

.

David

On Dec.
)

subsidiary,

RFC

an

1941.—

under

year

Sparks-Withington Co.—15-Cent Common Dividend—

announced that
has authorized an
increase in its contract with Sealed Power Corp. to provide additional
facilities for a pJant in Michigan, resulting in an overall commitment
in excess of $2,000,000. The Sealed Power Corp. will operate the plant,
Jesse

Defense

York (

i'and

•

$5,929,920

V-W

Sealed Power Corp., Muskegon,

the

for

•,'.>/'-V

.

Election by the board of directors of six divisional vice-presidents
Sterling Drug Inc. was announced on Jan, 19 by James Hill, Jr.,
They are, with/the various divisions represented: Joseph D.
Bohan (Centaur Division, Rahway, N. J.)', Maxwell R, Hott (Dr. W. B.
Caldwell Division, Monticello, 111.), James N. Cooke (Cummer Products

7•:.:■■ , \::! *'•,

173.

157, p.

The

$2,183,600 $19,984,327 $16,202,935
' '

.

■

$5,075,313

reorganization,'-'—V. 146, p. 926.

1942—Month—1941

11.22%-

of

sales

net

/■

•-

^^ v ;■
:::1943

earnings

Gross

—V.

■

157,

■

furniture

volume and. a de¬

electrical appliance sales

loss in

52.77'!

a

in

New Divisional Vice-Presidents Elected—..1
r"'. V:/;

and

(The) Schiff Co.—December Salesperiod Ended Dec. 31—

by

156, p. .2311,

Sterling Drug, Inc.—Six

.

not

the

on

.\w

;/

■Earnings— ■ : ■':v

Period Ended Jan, 14

surplus of the company is not capitalized, the class A share¬
will be subject to tax only on the $1 cash which they will

holders

Bonds—

earnings

Gross

/•"

:

,

likely be during the existence of
the present
emergency, and possibly for some time thereafter.
Without making
any provision for capital expenditure under these conditions, it would
only be possible in each year to pay the preferred dividends on the
outstanding class A stock for one year.
As a result, although the
company is enjoying a large volume of business, it will continue for
the period indicated to
be in arrears of dividends to, the extent
mentioned.
The Commissioner of Income Tax has ruled that if the
present

/''

■

,

,

will' probably continue until the Income Tax and.
Tax
Acts
are
amended,
reducing rates, which it is

will

•

Southern Ry.

low

$25,392

Profits

7

„

Week Ended Jan. 7—

Norton, President, points out
the senior stock for 12 years.'

M.

R.

position

suggested

for

V.

$844,142

$737,556

'

of

years,

the

-

■

1942—Month—1941

Period Ended Dec. 31—

Net-sales

company

173.

.

'

President.

considerable recovery has been made by the
of the depression years.
Mr. Norton points
out that on May 18, last, the Board of Referees for Depressed Indus¬
tries fixed the company's standard profit before taxation at $36,275.
In view of the terms of the last budget, the company's net .earnings
the

in

company

Co.—Reduces

Pacific

stock.

common

shareholders,

dividends

no

■

■

p. 2287.

Sterchi Bros. Stores, Inc.—December Sales—

.reports that during the'year ended Dec.1, 31, 4942; it
reduced the outstanding amount of its 4^ bonds, dqe 1949; .from

had

since.'—'V. 155,

April 25, last year—none

on

Standard Gas owns also 360 shares

$34,100,125 to $30,883,125 through purchases and retirements.—V.

out¬

approved, the presently outstanding 12,000
15,000 shares of class B stock will be replaced

and

A

shares

letter

a

..

class B

of

a dividend of 10 cents per share on the
payable Feb. 10 to holders of record Jan. 29.
of five cents per. share was made on this issue

SI,

par

distribution

initial

An

is

plan

class

17,000

In

shares

three

stock,

B

crease

the basis of one

class B shares on
each

"

Provided

with

for

stock

common

Co.—10-Cent Dividend—

Tube

Standard

,.

The

;

The directors have declared
.class

.

,

Southern

Electric Co.—Weekly Output—

&

.totaled 177,534,000 kwh. as compared with 161,512,000 kwh, for the
'corresponding week last year, an increase of 9.9Mi;—V.,157, p.. 261.,
1

preferred stock. and 6,247 shares of class A common.
Standard
Power & Light owns 23,570 class A shares.—V.
157, p. 173.
.

plan of reorganization which provides for
wiping out all arrears of dividends on the class A stock, which now
amount to $24 a share—exchange of the present class A shares for
one
share of common stock and $1
cash
dividend for each share
share

$71,-

total,

S5,105,410;

:

1

output of the public utility operating companies in the
Standard Gas <fc Electric Co. system for the week ended Jan. 16, .1943,

a

outstanding—and exchange of the

,

.

it alone has voting power.

and

Co.

Ltd.—To Reorganize—

issued

',

.

,

Electric

of

The company has

.

.

Standard Gas

,

.

Shops—25-Cent Common Dividend—

Saco-Lowell
The

earned >-surplus,

surplus, $33,044,851;
156, p. 86.
.

capital

,

protective

connection

correspondingly

months

the qualifications suggested

Most of

deduction in

the extraordinary

account of

on

the tax provisions for the periods under report
Jess than they otherwise would have been, and the net income

Accordingly,

above
is

Monday, January 25, 1943

THE COMMERCIAL 8c FINANCIAL CHRONICLE

350

for

redemption had not been presented.-J-V.

157, p.

174.

'

-

'
t

;

.

'

'"

.

'• '

■

'."/

-

■

Volume

.-■*»

Tacony - Balmy ra .(N.

■

1942

(tolls)

income

1941

$869,642

,1940

if
<

«'

.

Gross profit from "operations..
Administration, general, etc., «xp.4_

1941,

,$500,527

___

$551,076.

$695,187
200,591

'.

194,707

,

Profit

other

before

inodme_;

$337,143,

$494,596

$305,820

1

Total

income

$305,820

:

.

Fed. and other inc: tax accruedi_i_
for

.Reserve

:

$337,351
101,329
2,600

•

260,00O

30,000

19,000

<

.

$494,596

154,779

..

contingencies..

,

estate

from

Net

"cr_27'

assets^.

capital

L:
surplus

sundry accruals,
$80,933;
real
estate taxes
accrued,. $36,997; Federal'income taxes accrued, $160,611;
long-term debt installments due within One year, $29,925; dividend
•payable, $26,736; long-term debt, $1,27.9,386; reserve for contingencies,

•

$214,644.
; 332,931

$456,983

$547,575

.

43,148

5% cumulative preferred stock ($100 par), $2,138,900; comshares without par value), $500,000; capital sur¬
plus, $1,216,846; appropriated earned surplus, $275,113; unappropriated

$544,289

42,160

:,

nion'stock .(600,000

•

Total

surplus

Class

pfd.

cum.

stock„___

earned

stock™'

A

stock

Common

■

72,000

72,000

.

Substantial
.recorded

—V.

156,

1871.

p.

$1.42

$3.05

2,046,537

2,739,041

2;210,C60

with

the

Trailer

Co. of America,

for Employees—
■

"

'The company

ployees,

•

has

according

•

adopted

eri

to

-

;

■

The

dependents.
on

of

&

International

of Credit &

of $1,

all other securities

were

in

the

on

Account

divs.

in

revenue

month

same

of

This

1941.

decrease,

has

corporation

for

liquidation

.

mot

alter

as

served'notice

the

concede

warranted

that

to' the

order

an

for

its

SEC-that

would

dissolution

own

The
,

directors'on

share

Jan.

.

dividend

a

on the common stock; par $2,
Feb. I. .' A similar1 distribULibri' was

record

this

madd" on

issue

.

of

account

of 12Va cents per
payable Feb: r15 to, holders of

declared

15

directors

either

Feb.

20.—y. 156, p. <1511.

;

•

-L

.

.

•;

..

.

1941,. when
as.at

tax¬

as

18,443

realized

to

Press dispatch

Associated

an

this

quarterly

a

the

on

of

75

cents

Sept. 30-^-

Profit before

it was

Executive

Provision

of

Add

stock.

corporation

"

.

'

'

•

Bad

'

EUingwood, President ■ of * Adel, according to the dispatch,
purchase was .effected, through- exchange of 1.05 shares of
Bank oi America common stock for each nine shares of Adel stock,
Transamerica' Cbrp.," it was^added; recently acquired the Enterprise
Engine & Foundry Co. of San Francisco and t,he Aerco Corp. of Los
Angeles.—V. 156, p. 1695.
H.

depreciation,

int.,

etc.

the

,

Coal

Truax-Traer

on.

Net

will

28

vote

on

a' plan

•

to

the

in¬

profit on

1124,696

Cr20,147

Cr28,777

CrlG.416

79,444

45,462

34,310

.Other expenses
Prov. for Fed, inc. taxes

162,435

184,185

208,780

171,588

110,000

64,500

55,000

37.000

$1,124,531

$1,522,782

$1,396,592

$1,418,518

1,0 .),m14

1,0JJ,914

1,167,102

1,4 70,000

Operating
pref.

Second

profit-:
dividends.

pref.

Balance,
"Cash

tLoss.

dividends.

3,150,000

surplus.,*$3,059,383

and

securities

Liabilities—Reserves:for

and

mon

$100

of

shares

of

the

share.—V. 156, p.

common

par

'

„

.

28,700

1.399

reserve

Gost,

$17,947;

customers,

48,632

14,821

each $5

2047.

accounts

$38,570

(of America), Ltd.,

Sept. 80,

1942

receivable,

$218,879;

(no par) 702,746 shares, $1,654,589; earned
estimated recoverable proportion of excess profits
from July 1, 1942 to Sept. 30, 1942 (per contra),
$6,500; -capital surplus, $33,723; reserve for contingencies, $50,144;
deferred liability; $21,852; due to banks (secured), $353,-786; notes and
accounts
payable,. including accruals, $133,775; reserve for income,
excess
profits and other taxes, $205,358; trade paper under discount,
2$2,987; bank guarantees, $143,020; letters of credit, $10,200; total,

stockholders' meeting held oh, Jan. 19,'Benjv F, Pepper, Presi¬
dent,. stated that an injunction had been granted by the' Circuit Court,
of Cecil County, Md., upon the petition of; certain former officers of
the company and their associates, against proceeding with this meet-;
ing. ,Mr, .Pepper explained that the time had been top short to get
a-hearing km the injunction but that the court had amended the in¬
junction to permit the meeting to be convened and adjourned imme¬
diately. Feb. 2i 1943, was set for.a hearing on the injunction,.
Upon Mr.-Pepper's suggestion, the meeting, was adjourned to ,recon--;
vehe at 2 o'clock, p. m; Feb. 17, 1943, gt. the office of the company in
At the

Eikton, Md.—v.

157.

V'

261.

p.

the

for

period

510.

p.

i",r

stockholders .wilt. vote: Feb,

Change Par Value—
11

approving

on

change the-par-value of the common stock from $10
156, p. 1159.

it

is

reported

series' A'

its

thai

this company oh Dec; 10 redeemed'$1,000,000 of
"due Feb.' 1,
1961, . reducing the total lout-'
156, p. 2311.
V

United Engineering & Foundry

.

debentures,

standing-to $3,000,000.—V.

Co.—Gen. Mgr.—

Other

David J. Greene, member

of the New York Stock

<compnny announces that K, -O. Gardner, Vice-President,
appointed to the additional office of General Manager,
Ho

Exchange, has been

United

the board of directors.

States

international

&

stock.

"

-

received

1941

1940

1939

$1,274,804

$1,436,944

$1,418,787

dividends

98.364

Prolit

84,055

13,921

74,244/ '

iqents in a sub, and in affil. cos._
Amort, of bond discount and exps.__
Provision

for

Federal

21,126

2,413

loss

on

$1,555,089

$1,519,564

392,607

3,026
80,535

in¬

$1,184,351

$1,553,399

$1,126,957

11,776

20,575

29,531

$222,422

59,090

48,000

33,000

Net

Divs.

,

'

'

"

'

$869,648

•roportion of undist. net ,income__income

t'crred

;

.

103,470

$153,221

.

.

___'

dividends...

108,036

taxes

(including

118,639

$300,633

127,831

amortization, provision for Federal inproportion of profits of affiliated companies

3fefoj*e Interest, -depreciation;
•

110,339-

.




banks

in

and

accounts

hand,

on

receivable

(miscellaneous),

1912

$2,362,433;

receivable,

trade

U.

S.

Government

(less-reserve

(insurance

claims),

of

$43,-

$600,358;

inventories, $6,777,314;
mortgages, $61,500; miscel¬

$49,819;

Liabilities—Accounts

payable,, $505,622; accrued payrolls, $83,950;
$391,285; miscellaneous accruals, $141,203; income
(estimated), $450,000; reserves, $4,469,562; prior preference
$2,675,500; class A stock (249,743 no par shares), $3,111,7.98;
payable,

stock,

stock

common

$3,182,270;

(397,010

deficit from

$15,829,827.—V.

156, p.

no
par
shares), $1,556,279; capital surplus,
operations since Nov. 1, 1937, $737,641; total,
1615.
..
.
'
'

United States Lines Co.—New
Treasurer, etc.—
_

Charles

David

president,
who

Gibbons,

and

.

Treasurer

member

a

announced

on

Assistant'', Treasurer,
of

Jan.

the
16.

board
Mr.

of

ha^

been

elected*

directors.

Basil

Harris,

Gibbons

succeeds

R.

M.

recently joined the Army Transport Service.—V. 155, p.

Hicks,

1319.

Walker Manufacturing Co. of
Wis.—Report—
During the year ended Oct. 31, 1942 company retired its long-term
loan of $400,000.
In turn. it completed a loan with its banks under
Regulation V-of the Federal Reserve System, commonly known as a
"V" loan.
This type loan is
particularly suited to the financing of
government business, which,, during the period under review, consti¬
tuted approximately 7Q'r of total sales; and of• the
remaining sales
of 30%
approximately one-half was for indirect war purposes. Bor¬
rowings under this loan at Oct. 31, 1942 were $1,100,000,. of which
$760,363 Was invested in U. S. Treasury Tax Savings Notes.
Income

889,582

$694,157;

securities
value

sold

897,000

1,196,000

1942

dividends receivable,

but

not

interest accrued, etc.,
$6,142; securities, at cost
$25,374,757), $42,625,157; total, $43,-

delivered,

$103,500; Se¬
curities purchased but not received, $327,740; $5 first preferred stock
(239,200 shares, no pari, $23,920,000; $5 second preferred stotk (100,000, shares, no par), $500,000; special reserve, $9,475,000; common
stock
(2,485,543 shares, /no pari; $24,855; capital sui'plus, $9,040,413;
operatizrg surplus (less dividends on first preferred stock of $889,5811,
$20,505; -total, $43,412,013.—V. 156, p. 2231.
for

Years.F.nded Oct, 81

sales
of

Net

$6,138,061

$3,916,960

8,459,356

4,665,533

3,042,263

$1,472,529 '

$874,698

^

.

$2,381,689
'

811,291

947,344

806,506

$1,570,398

profit from operations

$525,184

$68,191

35,163

24,299

24,548

$1,605,561

$549,483

$.92,739

117,164

36,114

74,254

$1,488,397

$513,369

$18,485

income

income

.Interest,

1040

1941

$10,841,045

;

sales..

Gross profit on sales
Selling, advertising/general and ad¬
ministrative expense

Net

etc.

—

profit

taxes

and

accrued

expenses,

.

bef.

credits

spec,

Net

v__

for

income

preferred

stock

238,000

2,058

$404,994
73,541

—-

$547,660

1,083,403

profit
on

$18,485

$1,488,397

taxes

Note—Provisions for

$301,660
14,708

$16,426

depreciation and amortization included in the
$139,747 in 1942, $131,563 in 1941, and

statement amounted to

1940.,

$156,150 in

Consolidated Balance
Assets—Cash

(less

customers

in banks and
reserve

accounts receivable

render value of life
Government
of

34,291

—

before income taxes__

profit

Dividends!

above

and

taxes

Special credits

1,196,000

approximately

.Liabilities—Reserve

Account,

1942

war

$13,500),

$192,597

'

ret

506,228

$150,571

pre¬

receivable

$985,023

162,622 '

Consolidated Balance Sheet, Dec. 81,

Assets—Cash,

(indicated

amortiza-

162,188

$1,311,201

143,231

first pref..

on
'

$86,557;

179/777

$436,263

^

income

3,697

$62,907
90,313

$325,892

—,

~4O"O6O

,

$5,786

tax accruals

4,139

85,000

412,013.
Profit

7,349

y

5»1,064,920

971,156

prior

$2,204,499;

Provisions

__

Expenses

53,078

132,675

income taxes

300,000.

219,572

6,796

$676,270

*•

Write-off of Option.^
100,000
"Provision for depreciation of buildings and machinery and

"¥,172

4,04.9

450,000

$1,420,361

on

dividends

$1,403,923

1,690

.

Prov. for Fed. inc. taxes

72,007

2,522

'

73.154

27,624

1,261,104

301,398
_

stock

income

.

158,901

.

8,862

10,315

account
(net), $1,625,870; prepaid insurance, $44,538; sundry prepayments, etc.,
$17, 810; total, $15,829,827.

as

Cap. stock As oth: taxes

93,351

152,562

4,185

notes receivable, $10,000; purchase
money
laneous investments (less reserve of
$46,182), $74,844; property

Net

& amort, of theatre lease¬

holds, b'dgs. & equipment—^
Amort, of excess of cost of invest-

$218,195

924,639

taxes.

Assets—Cash

424),

115,887

___

Total -income

$573,632

184,107

Interest

Deprec.

1940

1941
$556,239

1942
$684,869

•

:——

$40,484

'

.

$1,281,240

97,019

736,934

received

taxable

Net .realized

68,898

:—

5,166

$2,646,040

securities, $2,000,844;, accounts

United Artists Theatre Circuit, Inc. (& Subs.)- -Earns.
income

$213,029

11,419

2,843

profit

Total

$1,413,203

Securities

;

Years Ended Aug. 31—

$29,065

24,960

etc

income

Other

124,478

dividends

vestments

*Net

$2,621,080

Consolidated Balance Sheet, Oct. 81,

1

1942

Cash

developnient , and production of combat, types' of air¬

v

*'

19,111

deductions.—_

ferred

(Including Wholly Owned Eubsidiaty )

;•

Interest

.Sikorsky Aircraft division will barry on the development" of
helicopter for both military and commercial purposes.—V. 156,
,

1939

Not

$365,832

Corp.—

Comparative Income Account for Calendar Years
<

craft.

'

Securities

Gn^Dec. 31,; 1942, the net assets of corporation had an indicated
value,
based
on
market; quotations, of approximately $25,730,372,
which is, equivalent to approximately $107 per share of first preferred

corporation

1871,

'
,

reported

143,354

in 1901.—V. 156, p, 1615.

,

haS reconstituted into separate divisions its two
original airplane, manufacturing units which had been operating since
1939 as one division—Vought-Sikorsky.
'
The new arrangement was made, according to the company's an¬
nouncement, to permit .Chance-Vought division, one of the units, .to

p.

1940

100,293

expenses-

has

Annual Report—

United Aircraft Corp.—Two New Divisions—

the

1941

11.783

Dividends

Cost

other assets of this corporation is the only issue of $11,500,000 of 8% bonds of the National-Economic Bank of Poland, un-,
conditionally guaranteed by the Republic of Poland.—V. 156, p. 2311.'

concentrate on

(& Subs.)—Earnings—

$3,099,241

has

; :

Among

The

par

■fy.

Net

Ulcn Realization Corp.—New Director-^-

no

.

The
been

,

been with, the company since its inception

elected to

'

l v

..

expenses,

par

,

proposal to
to $1 per share.
a

—V.

Co.—Redeems Debentures—

Steel

Truscon

plant

no

81,504

income

Federal

! '

•<

United Dyewood Corp.—To
The'

accrued

(50,000

Provision for inventories,

,

$2,047,026.—V.. 155,

1942

$24,838,543 $20,491,414 $13,118,285)
21,676,910
17,770,041
12,945,866 f

;

.16,836

$56,417

balances.

$3,080,130

income

Total

Liabilities—Share capital

tax

and

1942

Operating profit
Other

surplus,; <$187,299;

Triumph Explosives, Inc:—Meeting Adjourned—

HI.

(172,319

preferred stock

Deprec. and depletion—

17,382

45,432

amount
owing by. a shareholding company, $46,474; cash at banks and on hand,
$132,348; estimated ^refundable proportion of excess profits tax for the
period from July 1, 1942 to Sept, 30, 1942 (per contra); $6,500; total,
$2,047,026.
• ,':
'
trade

taxes

preferred stock

second

«fe old. taxes

exps.

Net

depreciation of $782,615), $391,-

for

Dec,

United States Leather Co.

4,486
49,757

*$51,482

$79,490
reichsmark

of

339

.

$135,434.

Consolidated Balance Sheet,

.

Sheet,

Years Ended Oct. 31—

accounts

Assets—Fixed assets (less

to

3,313 preferred shares of the Barge company, on the basis,
in- notes for each two .shares! of $50. par preferred stock bf

E-arge concern' and $4 in notes ,and 2Va common- shares for

the

$150,510

28,700

.

.

175,819

L_

settlement

$134,500; $6
shares), $17,231,900;
shares), $50,000;
general reserve, $4,950,000; common stock (985,000 no par shares),
$98,500;
capital ' surplus,
$1,007,953;
operating
surplus,
$4,023,896;
total, $27,496,749.—V-, 156, p. 2231.
'
first

cumulative

contingencies,

$201,012

1,383
9,645

16,124^

profit

$488,868

received, in

tDeficit.

cumulative

$6

1940

50,867

_i___

and exc. profits, taxes

150,000

Assets—Cash, $165,344; dividends receivable, interest accrued, etc.,
$80,180; -securities sold but not delivered, $3,783; securities, at cost,
(indicated value approximately $25,137,4dl), $27,247,441;
investment
,-in U. S. &-International Securities Corp., $1; total, $27,496,749.

paid.. Arrearages
156, p. 1511.

868; goodwill,, trademarks, licenses, etc., at cost less amounts written
off, $45,001; investments, $208,575; bulk and bottled whiskies and beer,
$751,174;. barrels and drums, $31,748: materials and supplies, $146,494;
unexpired insurance premiums and prepaid expenses, $50,020; advances

Central Barge Co., of which 19V. 'of the
common stock and 21V of the preferred stock are already owned.
It is also proposed to ratify.' the vote of directors; to. authorize,amaximum of 48,600 -common shares knd $554,450 of 4Va';) " 10-year
notes.
These securities would be offered in exchange for 97,200 com¬

"remaining

on

wholly-owned subsidiary.
.

acquire

share

per

1941

Note—Figures do hot include the United Distillers
a

Co.—Proposed Acquisition—

Jan,

depreciation

$1,624,853

Crl5,930
Cl'39,666

.

•

stockholders

The

for

for inc,

8.833

$1,801,753

Interest

28,700
,

debts

Prov.

,

.

$1

(& Subs.)— •Earnings

$417,973

Interest

Ray

aaid

was

1942

salaries

shares

that

5

of

share.—V.

per

Legal fees

Jan.

on

share

per

3,396

$1,795,316

18,224

Aband.

-has obtained control of
Adel PrecMon Products. Corp.' through acquisition of more thaq 445,000
announced

dividend

a

outstanding $3 cumulative preference

-Jan-, 1,-1943, amounted to $3

Year Ended

from Los Angeles,

declared

29,541

$1,622,176

Net sales

United Distillers of Canada, Ltd

.

Transamerica Corp.—Increases Hoidings^According

20

accumulations

,

record

Jan.

$1,447,145
168,874

t'206,986

be

stock; no par value, payable Feb. 9 to holders of record Feb. 2.
A
distribution of, $3 per-share was made on. this issue on June 15, last,
which was.the first payment on the $3 preference stock since Jab. 28,

on

16, last, as compared with 25 cents each on- Feb.-16 and -May 15,•
1:42.
The Aug. 15, 1942, payment, was omitted.
The
directors also declared the usual quarterly dividend of $1.50
per share on the 6%
preferred stock, par $100,- payable Mar. T to

Nov.

holders, of

.on-

1939

161,318

dividends

'

The

1940

$1,637,038

Cap. stock & oth, taxes-

Act.-

$1 Cumulative Dividend—
••

1941

154,311

vestments

,

(The) Trane Co.-^12V2&Ceut Common Dividend—

and

Vears

Calendar

$1,611,464

Balance

Gas Improvement Co.
Corporation's own plans for

authorized by the

or

on

the nominal value

1942

.

received

For

*Cash and sees, received

in previous

airplanes

of -United

United

stock

preferred

second

the

included at

155,859

received.

Total

month

high utilization of its fleet,
maintenance, when they reported a
airplane miles flown for December as

due

in

each

$1,447,874

.

Cash

.Interest

'Net

and

were

1,595,321,000
same

the

to

Corp.

quoted market prices at cost of $706,962,
the basis of market quotations,

Income

'

.

Securities

Investment Corp.

securities without

First

22%

was

presumed-to

the balance of the entire* net"

bears

*

flown

the proposed
should not be
reorganization.
United Corporation's, stand was made known bv Its counsel, Richard
Joyce-Smith,, at, the opening of the SEC's hearings on the liquidation
plan of UGI. -United Corporation some time ago filed a plan with
the; SEC for, its own voluntary reorganization.
It may become a party
to the hearings on the UGI plan, but informed the SEC that
regard¬
less of its, attitude with
respect to UGl's liquidation plan it does

plan

■

153. p. 705.

; cost.—V.

781,177,275

United Corp.—Plan Not Altered by UGI—
The

announcement

and' the employer

•fixed amounts

the

over

largely, to the turning.over of
.Government for.nrilitary missions,—V, 157, p. 174.

is being underwritten bv the Metropolitan Life
cooperative basis whereby the employees contribute

a

.

officials, again pointed
to.Improved scheduling and

decrease

program

group

Insurance Co.

of

104increase

months,

.

'and. their

high volume

passenger miles for the month totaled 20,524.000
14%
over
the
18.021.510
flown iii
December,
1941.
miles totaled: 539.919,000 for a 9gain over.-the

compared with the

■

President.
The plan .Includes life insurance and' surgical operation
'benefits for employees, and hospital expense benefits-for both workers;
;

gain

a

the

over

year- earlier.

a

duo

■■

insurance program'for .its em- ;
by. David R. .Calhoun,. Jr.,

gr.oup

a

even

revenue

United

Cincinnati—Group Insurance
-

Dec. 31, 1942, the net assets of
company had an indicated value
appioximately $25,252,289, which is equivalent to approximately $146
share of first preferred stock. In making this calculation, the in¬
vestments in the second preferred and common stocks of United States

.

"Pearl Harbor" month of December, 1941. were
14 in estimated figures released by this corporation.

Corp.—Annual

Securities

per

Securities

1732.

,

,

Foreign

'

of

Corp.—Reports Gain—

493,25.9,160 of the year before and mail pound miles

,

r

a

lor

Richard J. Park,
Jr., on Jttn; 14'announced that nothing was available as a liquidating/
dividend for the company's 4,800 stockholders,
■■ <'•■■ • '
■
•
;
s.
The companv was' a producer"-of silver with its principal properties •
-in Nevada,-and since its organization in 1902 about $11,000,000 has
•been distributed in dividends, Mr. Park said.
The company was dis¬
solved by a decree of Chancery Court of N. J; at Trenton on1 Dec. 22,
1942.—V., 156,.p, 349.
:
.
dissolution of the company,

.

&

On

rush

Express, pound

,,

<

connection

total, $7,104,362.—V. 154, p.

traffic increases for December

the

Jan.

United1 s

•

for

Towppah: Belmont Development Co.—Dissolution-—
In

>

on

$3,25

.

1

in

reported

$332,931

$335,916

$344,593

Surplus, Dee. 31
i__
ii
"Earn, per sh. oh cl. A & cl. B shs._
'Number of' vehicles!,
i
;

States

Report—

able

95,606

96,512

40,230

.30,000

...

surplus, $1,258,916;

United Air Lines Transport

<

the week

,

43,753

.

"

Dividends—5%

and

companies, for

16; 1943, amounted to 132,481,525 kwh., an increase of
14,777,938 kwh., or 12.6V
over the same period a year ago.—V, 157,

$100,000;

$226,170
318,119

$121,037
' 335,915 ;

profit

Previous

"'"952

'

payable

Co.—Weekly Output—

the UGI system of

p. .262.

United

receivables, $24,691; due from affili¬
companies, $72,364; cash surrender value of life Insurance policies,

Liabilities—Accounts

6,250

-

sale

1942, and

Consolidated Balance Sheet, Aug. 31, 1942

'

,

Improvement

output for

Jan.

•

1,003;
.

Porter

$0.36 and $0.06

to

Aug. 31,

.

'Loss oh deposit in1 closed bank__:__
Loss

;

Gas

electric

ended

$194,726; deposit to secure lease, $13,900; land, leaseholds, buildings
and
equipment (less reserves for depreciation and amortization of
$2,485,830), $2,855,061; investments.in and advances to affiliated com¬
panies, $2,537,168; equity in joint theatre operating ventures, $94,142;
deferred'charges, $866,081; total, $7,104,362.

208

Other income

'

United
The

.

Assets—Cash, $446,229; sundry
ated

.

proportion of.net losses of affiliated
(exclusive of proportion of profits

'

respectively.
.v

213,933

,

351

owned

"

on

91,009

91,750

,

tLess

.

100%

Note-r-The earnings per common share amounted
the 600,000 common shares for the years ended

'

82,705

71,297
91,750

_____

owned.).

companies less than
included above).

■

$697,336.
55,251-

'

''

.Operation and 'maintenance--'-.
depreciation
:

Jess-. than TOOtf.

-Earnings-

Co

Bridge

Jf.)

$663,573

Years Ended Deci 31-^

,<•

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4145

1S7

for

for

Sheet,

Oct.

81,

1942

on hand, $441,014; accounts receivabledoubtful accounts of $7,250), $1,990,667;

(others), $3,675;
insurance,

inventories, $1,161,338;

$22,100;

expenditures for

tools,

cash sur¬
amount receivable from U. S.
and collectible on completion

production contract
(less portion due to subcontractor of
$13,500; deferred charges, $6,609; post-war refund of excess

profits tax (estimated), $14,000; land, buildings, machinery and equip¬
ment, at cost (less reserves for depreciation and amortization of $1.046,871),

$1,278,043;

patents at

cost

less amortization,

$9,937;

total,

$4,940,882.
Liabilities—Trade

creditors,

$532,970;

customers'

$1,636; wages, salaries and other compensation.

credit

balances,

$292,236; taxes—excise,

THE COMMERCIAL & FINANCIAL CHRONICLE

352

for the sale of bonds at a

capital stock, property, etc,, $103,632; other current liabilities, $28,181;
employees; deposits for purchase of 0. 8, Savings Bonds (less bonds
hand, at cost, $11,925), $1,247; divs; on pfd, stock, $28,801; Fed¬
eral income taxes (less 0.'S. Treasury tax savings notes, at cost and
accrued interest of $700,365),
$342,636; State taxes; $60,000; notes
payable—bank, due Oct. 1, 1945, $1,100,000; $3 cumulative preferred
stock ($50 par), $980,550; common stock (50,400 shares no par), $725,500; paid-in surplus, $64,400; earned surplus, $679,093; total, $4,940,882,
—V. 156, p, 1616.

price in
155, p. 368.

will be accepted.—V.

excess

$371,934,184 last

plus accrued interest

of 115%

Washington Properties, Inc.—Earnings—
.'

on

$1,985,067
1,351,295
—44,942
122,433

——

Operating expenses —1Interest paid or accrued

Available surplus

President,

Brooke

last

until

Chesapeake &
Ohio, Nickel Plate and Pere Marquettee railroads, and has since been
serving them in a consulting capacity, from which relationship he
contemplates resigning Jan. 31-.—V. 157, p. 175.
was

Wainut Electric

Dec.

President

15

the

of

& Gas Corp,—Dissolution

.tend

to

and

hand, $664,988;

on

system of

the

Years Ended—,

„

Gross

155, p. 2464.

of

Consolidated
Net

Iicome

sales

*Cost of

Administrative and

from

2,869,905

312,409

192,623

16,088,995

835,173
349,353

11,380,035
897,718
215,077

deductions-—

8,715

49,435

for U. S. & for. income taxes-

7.500,000

Minority int. in net Inc. of subs.—

76,245

3,085,762
84,737

91,295
9,059
1,244,561
286,548

,7,319,508
16,549,314

7,047,306.
12,906,477

3,624,645
11,953,265

Zz

23,868,823

19,953,783

15,577,910

Loss

before

int.

.and

Income

Total

•Net

in

banks

income

taxes

—

•

_

.

1,000,000

Common

(estimated)——

earnings

value

135),

for depreciation and for obsolescence of

for

$2,705,565;

copvriehts,

amortization

of

trade-marks

and

old studio

share

:

.

145,782

Balance

Sheet, Nov. 28,

terest
and

reserve

ated

1942

thereon,

$3,229;

payable

other

bank,

$2,649,260;

accrued

share

$292,000;

the

no

67 %

29,

dividend

of

Feb,

to

1

and in the

Cost

current

class

B

declarations

of

the class

on

record

made

was

shall

case

Jan.

this

on

25.
issue

In

sales—

Profit

on

be

paid insofar

shares

as

the

has

already reduced

its

available

balance

bonds,

for

order of

an

New

York

the

the

dated

payment

U.

S.

Jan.

full

in

District Court for

14,

1943,

on

on

all

by Nathan A. Smyth,

on

Jan.

18

on

said

bonds

of

said

are

as

bonds

will

or

cease

4,096

11,952

25,226

$362,673

$287,854

funds

after

the

have

6%

Feb/ 1,

of

to

trustee.

accrue,

The

it

was

amounts

$248,891

■

214,581

int.

5%s,

1947

of

sale

2.478

6,444

2,478
6,719

2,478
8,418

Selling, admin, and gen. expenses—

Operating

3,589

Profit

11,002
1101,473

—-—j.

resulting
sub.

8,775

7,941

t31,156

$44,183

$11,422

/'

"

_

—Z

$92,905

$150,621

$44,183

5

%s,

1953

■

"

:

100
500

depreciation of buildings and machinery and amortiza¬

5s,

1955

Net

1

■

Sheet, June SO,

524 in

on

after

or

National
N.

Feb.

Bank

will be
1,

of

made

1943.
the

upon

for payment and

City

of

New

York,

of

any'6f said

cancellation

11

Broad,

The

Chase

York,

Y.
Pursuant to

an

order

of

the" Court made Nov. 26,

1941,

the

series

company's 6%
first
156, p. 2144.

lien

and

general

mortgage

a

of

previous
80'$

of

apply to any.
gold bonds,

/

I960,—V,

accounts payable, $275,789; accrued
salaries, wages and commissions,
$47,962; accrued taxes, other than Federal Income and excess profits,
$91,818;. accrued int. on debentures,. $88,900; other accrued liabilities,
$5,130;. reserve for Federal income and exceSs profits taxes, $100,424;

orgamzatiop, $1,076,273; surplus arising from restatement of common
stock, $526,718; earned surplus
(deficit), $397,424; treasury
stock
(2,350 preferred shares), Br$21,940; total, ,$8,789,161.—V. 154, p. 1386.

Willys-Overland Motors, Inc.- -No Dividend Action—
The stockholders at the annual
the net profit of $1,265,399

meeting were informed that despite
earlier for the fiscal year ended
has been taken on the preferred

reported

Sept.

30,

1942,

L.

F.

no

of

dividend

action

the terms of

an

RFC

Hopkinson,

directors.—V.

Vice President,
157, p. 264.

has

been

added

the

to

board

of

Wilson

Net
were

funds

which

it

bonds

must

be

has

on

deposit.

received

at

the

earnings of the company for the fiscal

JMew York City, prion to, .12 o'clock noon on Feb. 4/1943.




No

proposal

against

as

Foss

18.

stock

Sealed proposals for the sale of these
office of the bank, 11 Broad Street

Co., Inc.—Reports Increased Net
Volume—

$7,319,508 after all

taxes

Jan.

The Chase National Bank of the City of New York, trustee
is
notifying holders of first mortgage 5% gold bonds, due June 1, 1960
that it will purchase $94,000 principal amount of these bonds out of

&

Earnings

and Record Sales

Edward

West Penn Traction Co.—Tenders Sought—

$378,567
150,000

$348,874
120,000

$1.26

and

to

,

$1.18

$71,069 in 1942, $57,-

$54,246 irr 1940.
Balance

Sheet,, Aug. 31,

1942

Liabilities—Notes

payable to

ceived from prime contractors,
.

bank, $400,000; advance payments re¬
$847,438; accounts payable and accrued

$302,554; Federal income "taxes (estimated), $60,504; reserve
for contingencies, $13,234; common stock (par $2), $600,000; capital
surplus, $137,543; earned surplus, $883,826; total, $3,245,100.—V. 155,
expenses,

609;

p.

(Thomas) Young Nurseries, Inc.—50-Cent Dividend—•
*

The directors have declared a

common

June 28,

on

dividend of 50 cents per share on the

stock, payable Feb. 10 to holders of record Jan. 29.

This com¬

with $1 paid on June 6, last year, and on Dec. 18, 1941, and $2

1941.—V. 150, p. 3993.

Mr.

as

net

per

share

last

it. is

reported that this company on Dec. 15 purchased for retire¬
$3,000,000 principal amount of serial notes, due Aug. 15, 1943, to
15, 1947.
On Aug. 15, 1942, the company had paid $1,500,000
of these notes at maturity.
On Dec. 31, 1942, there were $4,000,000
of these notes outstanding.
On Dec. 15, 1942, the company also purchased for retirement $995,000 of serial debentures, due Nov. 1, 1943, to Nov. 1, 1947.
The com¬
pany had paid $1,500,000 of the debentures due on Nov, 1, 1942, and
has reduced the outstanding amount to $6,370,000 as of Dec. 31, 1942.—
V. 156, p. 1572.
ment

ended Oct. 31, 1942,

year

provision for Federal income

$7,047,306

President, reports in
earnings are equal to $2.68

against $2,55

Wilson

of

Wilson,

These

the

charges including

earnings

Youngstown Sheet & Tuhe Co,—Reduces Debt-

Aug.

loan.

The annual meeting

is set for Feb. 1, but since this is too early to
permit stockholders to receive a yearly report, the management will
recommend the meeting be adjourned to March
15, 1943
The company reports that as of Dec. 31,
1942, it had outstanding
notes in the following amounts: The Munsey Trust
Co., $200,000; the
Riggs National Bank, $570,000, and the American Securities & Trust
Co., $570,000.—V. 157, p. 176, 263.

$98,202
30,000

New Director—

stock because

Washington Gas Light Co.—To Adjourn Meeting—.

77,500

Assets—Cash, $964,843; 0. S. Government savings bonds and stamps,
$57,550; trade accounts receivable /.(less reserve of $3,000), $166,692;
unbilled costs and fees, $793,008; amount receivable from Defense Plant
Corp., $31,671; inventories, $273,606; investments and other assets,
$84,297; property, plant and equipment (less reserves for depreciation
and amortization
of $409,947), • $820,186; patents, $1; prepaid taxes,
insurance and other expenses, $53,244; total, $3,245,100.

pares

distribution was payable on said bonds on Dec.
10, 1941,
the principal and interest accrued thereon to said date.
Mr. Smyth emphasized that the above notice does not
of

bonds

New

to

St.,

1941

,-

for depreciation amounted to

.

Liabilities—Notes payable to banks,. $322,500; equipment installment
payable, $16,902; amounts due on purchase of real estate, $5,456;

liabilities, $27,326; 15-year 6% convertible gold debentures,
$3,556,000; minority interest in Capital stock and surplus of subsidiary
company, $67,324; 5%
cumulative prior preferred stock
(par $100),
$1,500,000; common stock (par $10), $1,500,000; surplus at date of

217.92

surrender

.

deferred

108.96

1,000
payment

profit ———.
paid on common stock.,,

Note—Provision

1942

$251,969; other assets, $356,916; deferred charges and prepaid accounts, $175,308; plant and equip¬
ment, net, $944,483; organization expense, $67,693; goodwill,■ readyprint
lists, patent rights, etc., $3,948,807; total, $8,789,161.

*

Such

145,600
92,150

55,000

1939,

surrender value of life insurance policies,

217.77

500

.

—

v

•

Earnings per share on 300,000 shrs.
common stock ($2 par)—$0.33,

Assets—Cash in banks, on hand and in transit, $506,635; receivables
reserve'of $181,413),
$1,241,898; inventories, $1,295,452; cash

108.89

■

1,000
——

v..'

—

(less

•

■

266,835

179

Federal excess profits taxes—z—,

notes

•.:■

$344,388
78,030.
5,351

$65,842

improvement charged to cost and expenses amounted
1942, $111,191 in 1941, $116,646 in 1940, and $124,777
tIncludes $11,926 in 1942 and $536 in 1941 for excess profits
Consolidated Balance

'

21.78

—

Provision for Federal income taxes-

54,419
'

expense'

Interest

Dividends

taxes.

'

'

$611,223

$616,317
$427,770.
/';.• : 1,395

$153,202

Total Income Z————Z—

fr.

company

profitZ:

Brl0,023.
1,845

purchased merch,
income—.—,

in

payable

216.79

■

$794,742
334,510

7,591

$92,905

$150,621

$161,380

profit————• —

sales of

on

Miscellaneous, other

6,016

$112,494 in

the

108.40

'

1940

$460,232'
155,906

$3,856,552.
3,695,172/

to

$21.68

.

500

1,000

1941

1942

tion of leasehold

per Bond

$100

____

„

Gross profit from sales of manufactured products—————z—„

,

Denominations

1 to-holders of record Jan. 21.
Feb. 2 and Aug. 1, last year, and on Feb. X
194L—V. 156, p. 350.
' .

stock, par $10, both payable Feb.

Woodall Industries Inc.—Earnings1

—————/

profit

profit

Net

Amount Distributable
■

Insurance Co.—Extra Div.—

dividend

Years Ended Aug. 31-

218,940,

of

follows:

Series

extra

and Aug. 1,

in. profits

subsidiary

Net

Net

218,940'

,218,940

taxes

1

announced

then

to

for Fed.

subs,

made

1943,

admitted

was

Like amounts were paid on

conv.

Prov. for Fed. inc. taxes

Southern

been

stock

of 20 cents per share and the regular semi¬
annual dividend of 30 cents per share have been declared on the com¬

$223,665

9,441

2,478

of

remaining due on all of the outstanding first mortgage gold
including interest thereon to Feb, 1, 1943, after which date

Interest

$275,901

Board—

trading Jan. 18 on the New
Exchange. Company, in addition to manufacturing loosebooks and ledgers and filing supplies, is also producing machinecartridge links, fuse caps, electrical terminals for airplane wiring
sundry parts for gun carriages.—V. 157, p. 176.
common

Wisconsin National life

1,572,959

$358,578

———

*Provision for

to

1,533,502'.

1,582,498

10,482

by

Minority

Washington Gas & Electric Co.—To Pay Balance of
Principal on 1st Mtge. Bonds—
of

5,501,866

$481,198

—Zzu.

funded

by more than 55% through sinking fund operation and use
Cuban Government bonds held in the
Treasury.—V. 157, p. 263,

Pursuant

5,719,188

1,618,507

$490,638

on

income

debt

District

5,935,754

to

interest,

Stock

An

—

interest

Other

Prov.

company

$7,298,491

6,516,638

Amort, of debenture dis¬
count and exps.__

Reduced—

words,

*1939

'

gen.
•

debentures

of

stock

a

other

*1940

$7,528,591

payable

An

funded debt of $8,300,600 at the time the
reorganiza¬
declared effective and the company started off on the new

was

gun

—

$7,876,830

81, *1942

(less reserve), $503,222; property,

Wilson-Jones Co.—-Stock on Big
The

and

*1941

$8,616,343-

Oct.

12,906,477
$0.84

16,549,314
$2.55

$2.68-

'

Sheet,

security taxes, $1,312,838;

York

mon

A

Outstanding funded debt of this company is now approximately
$3,700,000, according to reports on Jan. 16, This is a reduction of
approximately $800,000 from the figure as it stood on Dec. 16 and
compares with

(& Sub.)—Earnings

*1942

—Z-

Net profit from oper,„
Other income, net—

shall have been issued on the record date
of shares to be issued under the plan of reorganization

Debt Further

tion

of

—z—_

expenses

per

after said date to stockholders of
record at the time of issue.

basis.

sales

Interest

the

and

re¬

payable March 1 to holders

holders

share

$145,782;

1943,

income and excess profits taxes and state income
convertible preferred stock (300,000 no par shares),
common stock
(600,000 no par shares), $2,758,750; pa'id

Selling, admin, and

■

per

$68,317,641.

2,

Balance

banks, $17,362,348; accounts payable
etc.), $7,033,187; accrued general and
reserve for U. S. and foreign Income
taxes, $9,627,874;
other obligations maturing within one year, $1,421,850; funded debt, $19,140,000; other obligations due after one year,
$82,200; reserves, $5,900,000; minority stockholders" equity in subsidi¬
aries consolidated,
$999,141; $3 cumulative preferred stock (324,783
no
par shares), $22,724,800; common stock
(2,001,163 shares?, $18,400,855; earned surplus, $21,655,083; Treasury stock, Dr$218,735; total,
$125,441,471.—V. 156, p. 2144.
1

Federal

Years Ended June 30—

$1.25

Jan,

2,666,069

—■

,

not

payrolls,

(including

social

$16,425,000; accounts payable
preferred dividend payable Dec, 1,

payable

company

Liabilities—Notes

in¬

banks,

dividend

common

5,364

3,393,219

21,655,063

stock.-—' "

(less reserve), $466,007; other assets

leaf

last.
of

A

initial

an

value,

par

cents per share was also declared

par value, payable
distribution of $1.35

Both
class

declared

20

stock,

no

initial
Dec.

B

affil¬

land,

total,

$322,403;

to

$6,700,025;

Western Newspaper Union

15.

A dividend of

stock,

Jan.

on

class

Feb.

and

allied

to

$1,140,473;. miscellaneous

$3,586,424;

$17,813,036;

.

directors
on

record

advances

$111,240;

in surplus,'$3,200,000; capital surplus, $5,805,751; earned surplus, $12.317,124; capital stock reacquired
(24,871 shares), Dr$726,25l; total,
$68,317,841.—V. 157, p. 263.

Warren Brothers Co.—Initial Class B Dividend—

of

charges,

payable

liabilities,

for

Net

The

accrued

taxes,

payable, $12,307; accounts payable
accrued salaries and bonus payable,

3991.

p.

and

reserves),

reserves),

and deferred

1942,

in¬

notes

$102,987;

expenses,

to

(less

ccst

(less

11,250

.

plant and equipment, etc. (less reserve for depreciation of $21,705,766),
$42,453,222; leaseholds (less reserve for amortization), $273,991; prop¬
erties held for sale, $495,661; prepaid insurance, etc., $663,415; total,
$125,441,471.

inventories,

investments in

at

cost

serve

accrued

152,

at

Liabilities—Notes
and

$101,169; pavable to officers, $3,633; pronerty. social security a"d other
taxes, $89,400; reserve for prior years Federal income taxes, $286,313;
deferred income, $104,417; 6% cumulative convertible
preferred stock
($25 par), $3,875,000; common stock ($5
par), $1,775,000; discount on
preferred
stock,
0r$337,500;
deficit,
$621,471;
total,
$8,043,744.—
V.

$108,772;

expenses

$1,046,-

$6,277), $7,172; deferred charges, $137,488; total,
notes

:

20,040
1,938,990
254,728

$614,896; inventories, $42,727*290; advance to affili¬
consolidated, $200,000; miscellaneous investments

receivable,

notes

hand,

on

$8,934,112;

reserves,

.

for
.

$1,386,493; buildings,
machinery and equipment (less reserves for depreciation of $11,466,217),
$14,669,953; process, patents and trade-marks, net, $153,534; prepaid

$8,043,744,
Liabilities—Demand

banks and

in

companies

vestments

of

908,824

Assets—Cash, $11,754,597; accounts and notes receivable1 (less reserve
doubtful accounts of $436,560), $25,289,170; other accounts and

$0.53

____

.

less

reserves),

(less

patents

London, England—--

Consolidated

$4,318,945; accounts and notes
$35,588,772; loans to
ginners and others, secured (less reserves), $1,543,744; cash surrender
value of life insurance, $39;200; deposits in banks in liquidation (less

realizable amounts, Dr$2,500,000; foreign funds, on deposit
foreign banks, $4,830; land, buildings and equipment, at cost (less

reserves

face

over

$6 cum, pfd. stock———Z

on

292,000

.

Z

common

Assets—Cash

receivable,

estimated
In

cost

Earnings per sh. of com.

$603,675

:

,

—-

Consolidated

iated

6,164,934

1,742,904

—

dividends

$789,297

accounts and notes
receivable (including $5,163 from employees), $109,952; cash and war
savings bonds held in separate fund (less liability to employees there¬
for of $13,038), $2,000; inventories, $7,108,437; completed Government
and commercial pictures (two) at cost, $22,475; scenarios and
story
rights at lower of cost or estimated realizable amounts, $332,957; film
stock, (supplies, etc., at cost, $64,350; provision for excess of cost over

6,164,934

of

fd.

of

Leaseholds at

—

!

Earnings per

$48,518;

hand,

on

income

bonds & debs, purch. for sink.

Divs.

39,339

•

income and excess profits taxes and

Preferred dividends

Sheet, Oct. 3, 1942

and

/
—„

Total

85,774

$2,385,913

—

■

Assets—Cash

_

funded, debt—-

on

Earned surplus at end of yearZ-

420,127

$191,069

*———Z'—-

income

interest

Prov.

^Including depreciation and Amortization of $228,305.
Balance

———

$2,300,144

—1

—

taxes

—

Federal

Net profit

over

for year__.

——

income

Other

?0,197 33*
.

——;

,

profit

state

150,989

estimated amounts realizable therefrom

•

11,187,412

Other

$32,497,478

Operations

Provisions for

500,000

expense
r
-..Z—'Provision for excess of cost of inventories

Not

3,245,376

—

Operating income

$781,819

Interest

——

Available

31,934,278
1,753,415

32,980,811
1,904,169

15,776,586

Taxes

Statement, 3 Mos. End. Nov. 28, 1942

——

Interest

Ended

158,082

selling expenses

463,408,08 1 324,189,174
,

sales, selling, admin, and general expenses (includ¬

Profit

52 Weeks"

$565,109
98,096

incl.

»

Depreciation

(& Subs.)-—Earns,—

ing deprec. and amort.' of $228,305)—'—^-——-—'——

,

Oct. 3, '42 Sept. 27,'41

income'

—

exps.

administrative

general and

expenses

Excess

Total

oper.

'

Selling,

Miscellaneous

Net

Ended

-

,

&

Inbound freight

Interest

Disney Productions—Earnings53 Weeks

sales

■

discounts,

allowances

&
Cost

-

Other income

Period

less

Oct. 26, :40
.,<■
-Oct.' 31,.
$
operating
$ '
"
$
returns,
517,315,023 371,934,184 280,379,364
,

trade and

sales' to

revenue,

trade creditors, contractors, etc., $134,-

Wesson Oil & Snowdrift Co., Inc.

expenses.

Walt

Income Account

Consolidated

(Including Domestic and Foreign Subsidiaries)

Earned surplus at beginning of year

—V.

reduce

well as

General, as

had been placed on

due from

.

General

simplify

prices

income bonds, $701,515; capital stock (42,516 shares), $42,516;
surplus, $426,735; available surplus income, $2,645; total, $12,869,666.

Walnut is presently an intermediate holding company of General
controlling, only one, subsidiary,- Oklahoma-Electric. .The application
points out that Walnut thus serves no useful purpose, and its elimina¬

will

$942,020

gage

intermediate holding company Of General,
in part redemption of a promissory
note indebtedness due to General, and In satisfaction of remaining
•amount of a promissory note delivered to General 17,500 shares (100%)
of Oklahoma Electric & Water Co. common stock, par $10.

tion

$475,623

1943

1943,
general mortgage income bonds, $464,698; curtailments of principal,
due within one year,-of first trust note payable created by the the
company) $2Q,pop; provision for, possible ^additional, taxes (estimaed),
$161,000; first trust notes payable/ $1,788,250; 20-year -7% general
mortgage income bonds, $8,936,500; accrued interest on general mort¬

Plan Filed—

an.

31,

104; accrued accounts, $191,703; interest declared payable Feb. 1,

Water, Gas & Electric Co. has filed a petition with the
covering several transactions which contemplate the complete
dissolution and liquidation of Walnut Electric &. Gas Corp.
is presently
remaining cash to

Oct.

close of the year ceiling
practically all of the company's products.

increasing governmental regulation.; By-■<the

on

General

Walnut

banks

in

Liabilities—Accounts payable,

SEC

its.

Sheet,

reasonably free
was marked by

was one in which the company operated under
economic forces and rising prices while the last part

part

256,519

guests and
-tenants; etc: (less allowance for doubtful accounts), $142,271;; inven¬
tories, $61,004; prepaid accounts, $168,634; deposit with Central Han¬
over
Bank & Trust Co., $110,138;
land, buildings, furnishings and
equipment, $11,715,245; unamortized discount and expense on first
trust note payable, $7,386; total, $12,869,666.
Assets—Cash

Chairmanship of The Virginian
and the resignation from its board-of. directors'of C. W. Brown, Jr.,
who continues as Secretary and Assistant Treasurer of the company,
These changes will take effect on Feb-.'1.
Mr. Coe retains the Chair¬
manship of
the executive committee.
Carl Bucholz
continues
as
Mr.

134,086

$466,397-

inc. for period
Balance

retirement from the

own

of

important effect on the year's earnings because of the modest margin
prevailing in the meat packing business.
He pointed out that the
fiscal year ended Oct. 31 consisted of two different periods.
The first

April.30, '42 Oct. 31, '42
$1,963,208
$3,948,275
1,307,294
2,658,590
46,205
91,146

Oct. 31/42

income

Broke has been elected Chairman of the board, it was
Jan. 19 by William Robertson Coe, who at the same time

"announced his

Year Ended

-—r-6 Months Ended

,

Period—
Gross

Virginian Ry,—New Chairman of Board, etc.—
D.

amounted' to 1.41%

.

Other deductions

George

Net earnings this year

year.

sales while last year they were 1.89%.
Mr. Wilson states that the government, under the renegotiation law,
has the fight to review and,.adJnst *many .of the company's contracts
but that he did not think that this right', if exercised, will have ah

on

announced

Monday, "Jantiary 25,1943

in

the
per

the

preceding

annual

report

share on

year,

Transacted by R. L. Day & Co., Boston on

year.

reported that dollar volume of sales

company's history, amounting to more than
for the first time, an increase of 39%,

a

was

the largest

half billion

in

dollars

as

comp/ared with

Wednesday,

Jan. 6:
STOCKS

Shares

Provision for income taxes amounted to $7,500,000 as
compared with
last year and is more than the net
earnings for the year,
the report, states. Net sales aggregated

$3,085,762

$517:315,023

Auction Sales

issued

the common

100
25
1

Armour & Co., 111., common ($5 pari

Transamerica
Boston

Corp.

Athenaeum

($2 .pari

($300

par)„

$ per share

!

3
g

175