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Reg. U. S. Pat. Office
Number 4667
167
Volume
New
General
RAILROAD
13 declared
a
t''..v■
2.
sept.
FOR
RESULTS
SIX
MONTHS
-i-v.
1947
"
and excess
this
CONSOLIDATED
1947—3
INCOME
Operating
y
$0.53
""Federal
Period End. Nov. 30—
•
40,491,160
Karns, President, on Jan. 20 further announced: 'V C• Sales for the six months ended Nov. 30, 1947, were at an increased
taxes
4,362,803
$
2,871.618
11,693,723
A
10,507.869
.
Net
10,626.764
income
10,199,907
Net
49,101
Drl8,772
10,181,135
41,518,706
public
tint, to
2,755,643
2,812,690
11,387,196
400,438
1,887,474
1,610.260
28,244,036
33,659,986
456
sales
Sugar
Federal
excise
Sales—less
Sugar
excise
return
Cost of
sugar
Gross
$26,400,617 $13,463,578
sugar
from
profit
11,219,523
7,000,953
23,201,880
$3,198,737
pulp,
potatoes, dried
beet seed, livestock, etc.
American
Net
t
962,876
807,000
The
channel
with
$4,161,613
$3,051,055
Admin,
and
317,845
294,322
244,0.92
general
"'
profit
$2,756,733
who
113,594
35,071
'i
•
..
5,525,319
Int.
————
5,752,485
taxes
to
$2,870,327
$1,876,447
320,246
209.073
1,550,000
1,205,000
Dividends paid
Earnings per common
chgs.
earn.
—
5,434,970
22,316,142
118,806
5,469,770
22,434,948
27,672,068
91,460
434,742
$2,260,182
■■■>.- 524,074
surp.
'
154*533
6~69~890
294,520
:
■
share——
'
$2.79
BALANCE SHEET AT SEPT.
474,908
474,158
V
'
V-
-iSY
$1.61
$0.75'
5,506.240
5,223,777
21,330,316
$1,546,755,
of
representing
1947 crop
ments
(at
pertaining
to
processing
estimated
cost
1947
ment, etc. (after
deferred charges,
reserve
factories
for
209,750;
depreciation
total,
30,
21,330,316
tlncluding spe¬
reductions,
charges.—V. 167,
p.
245>
..V'";;'v;
of
-
r
and
In This Issue
;
^
$5,417,545),
:A;
Stock and Bond
$9,457,534;
:
I.
installments
under
terms
credit
of
agreement
dated
New York
$4,000,000; reserves for workmen's compensation, $55,523;
for
contingencies, $200,000; 5% first preferred stock
(par
$6,635,968; common stocky (par $1), $690,549; capital surplus,
$384,481;
earned
surplus,
$6,066,301;
total,
$22,838,377.—V.
165,
65.
Baltimore
;
■
''-
■'•
American
Robert
®®en
Inc»r—j^ew
a
director
to
167.
>'■ y •■ yi, ; y-vy/
Director—
Pacific
replaced James
by President Truman.
«ess
■
President? df *the
Miller,
Mr. Miller also
oerviee
Ol
Lighting Corp., has
who resigned from
last September after he-'-Was named Ambassador to Argen¬
elected
;fe hoard
tina
Airlines,
Watt
k,
is
Co.,- Paraffine
Ave.
Land
Co.,
vy
director
a
>>
Companies,
and
Bruce
:
off "American
the
Inc.,
Trust
Tucker
Standard
Oil
Co., Pacific Public
Investment Co., Van
of
Co.
California.—V.
American Ferment Co., Inc., N. Y.—New Vice-Pres.—
S.
cs,
it
was
Kaufhold
announced on
this
company
in
been
Jan.
He
ine
a
former
1941,
&
Vice-President
in
Mr.
Kaufhold
has
served
as
of
:
detail
Service Department and Sales Man-
Advertising Manager of "Medical World."
company has offices at
American
elected
charge
19 by John M. Hawkins, President.
J60.601" of the Professional
Is
a»pr
"
has
170 Varick St.,
Ul
cf
-orp-'
a subsidiary.
He
1945.—V. 167, p. 149.
smce
has
:
been
V
American Plastics Corp.—Now
l^ned
*
s
Quotations
by Heyden
1947—12 Mos.—1946
$1,295,789
919,788
716,964
....
$18,350,133 $15,333,041
9,74y,983
8,195,573
111,841
1,649,867
746,506
85,008
1,353,968
1,094,711
154,796
104,527
a.——
'
66,798
28,750
$313,555
$286,428
income .as(net/-.—.
Income
!'•"
■ ■'
*-■'
1,016,213
$4,013,038
267,000
2,161
7,998
$4,068,745
14,736
$315,716
$294,426
>
72,921
$4,083,481
1.030,740
$4,118,035
$2,992,741
$3,197,907
2,992,741
608,609
3,044,907
608,609
$2,384,132
$2,436,298
,
..——;
other
1.182,550
345,000
104,997
:.\
\
income
chgs.
Misc.
Balance
Divs.
110,193
■
income' ——$205,523
reservations d& net income.—
transferred
to
earned-
applicable to preferred
.
$221,505
,
153,000
urplus
stocks
920,128
for
J
period
<
Balance '
—V.
166,
...
—__
;
2410.
p.
Debentures
—17
28
32
(Stocks).(Bonds)
Curb Exchange
Stock
Stock
Exchange..—.-^
Exchange—
—
Chicago Stock Exchange
Cincinnati Stock Exchange——
New York, N. Y.
Foreign Power Co., Inc.—Pres. of Unit—
Vice-President
of
Trust
for
Savings
the
1
June
Dec.
or
least
30
incl.
June
1,
thereafter
to
days'
Dec.
1,
each
1,
of
any
notice at
prior
year
to
the
date
following pr'ces and
of
accrued
maturity,
Interest:
on
to
thereafter to and incl. Dec. 1, 1950, 104%;
and
incl. June 1,
1952, 104; thereafter to and incl.
103 Vi; thereafter on a sliding scale decreasing V» of 1%
1953,
AND
HISTORY
in
Arizona
conducted
The
BUSINESS—Company
the
for
purpose
successively
by
of
organized Feb. 21, 1945
a
business previously
was
succeeding
sole
to
proprietor
and
two copartnerships.
wa3
originally established on March 19, 1941 for the
distributing welding equipment and supplies in Arizona.
carried by the company have been broadened from time to
a
business
of
purpose
The
lines
time
to
in
addition to welding equipment and supplies (in
of Victor Equipment Co., General Electric
& Carbon Co. have comprised a substantial
part of the sales volume of the company),
oxygen
and
acetylene
cylinder, gas (products of Union Carbide & Carbon Corp.), automotive
Co.,
include,
field
which
and
t
the
Union
industrial
and
products
Carbide
machine
Walker-Turner
are
and
hand
among
F. Goodrich products), and
by
industries,
shops,
tools
(products
of
Plomb
Tool
Over 99%—:
a
industrial rubber goods
wide variety of sundries and supplies
contractors,^
truckers,
garages,
ranchers,
1858.
165, p.
St. Louis Listed and Unlisted Securities
—
American Stores
Caletn°d End' ^
—V.
Co.—December Sales Up 9.9%—
;
j
31~
1947—Month—1946
1947—12 Mos.—1946
$34,926,144 $31,760,496 $380,867,520 $307,452,057
Foreign Exchange Rates
Combined Condition Statement
Reserve
Sn^nne?ser
®uscl1 Co.—Secondary Offering—A block of
aTes
capital stock (par $4) was sold at $27.75
catp ?ar
ln a secondary distribution Jan. 17 by a syndiCn
Reinholdt & Gardner, Stifel* Nicolaus &
I ivr dcward
Jones & Co., Newhard, Cook & Co., and
«l.
ner ch
j
•
Simon & Co.—V.
166,
p.
2206.'
-
v"
*
4
Banks
—45
of Federal
45
of y
Federal
...48
Capital Flotations for December, 1947, and
Year End
3
Condition
Edward D. Jones & Co.
.
—
Statement of Member Banks
Reserve System—^
Established
+
.
!
1871
300 North 4th St., St. Louis 2, Missouri
<
,
r
t
-
.
,
.
.
Members
—
New York Stock Exchange
St. Louis Stock Exchange
————
Chicago Bd. of Trade
York Curb Exchange Associate
Chicago Stock Exch.
New
Co.
those handled),
General Corporation &
Chemical Corp., which see.—V.
at
and
105;
1949,
year.
used
Investment News-Cover
State and City Bond Offerings..
—,—58
Redemption Calls and Sinking Fund Notices..48
The Course of Bank Clearings—
47
Dividends Declared and Payable...—
^-48
are
and Dec.
1
and
retirement, contingent upon sufficient earnings, of not in
excess^of $5,000 principal amount of debentures each June 1, beginning
June 1, 1949.
Debentures aro redeemable, at the option of company
as
a
whole on the first day of any month, or in lesser amounts on
(B.
Miscellaneous Features
this
;;
dated
Dec. 1, 1947; due Dec. 1, 1959.
Interest pay¬
1 at principal office of Bank of America National
Association, San Francisco, Calif., trustee. Deben¬
tures are convertible into fully paid shares of common
stock on the
basis* initially,: of one share for each $10 principal amount, subject
to
adjustment of the ,rate of conversion, from time to time, upon
certain contingencies and subject to
provisions of the indenture.
A
fixed sinking fund provides for the retirement each Dec.
1 of $5,000
principal amount of debentures.
An additional sinking fund
provides
able June
and
MacKmnon has been elected President of Ebasco Interumt
Co.—Earnings—
$1,668,230
28,750
—
149.
P.
■
37
37
—38
Cleveland Stock Exchange..————38
Detroit Stock Exchange
—38
Los Angeles Stock Exchange..———.....39
Philadelphia Stock Exchange...
——39
Pittsburgh Stock Exchange—
40
St. Louis Stock Exchange.....
—40
San Francisco Stock Exchange..—
40
Montreal Stock Exchange
—41
Montreal Curb Exchange
.—.A.———42
Toronto Stock Exchange..—
42
Toronto Stock Exchange—Curb Section..—45
Over-the-Counter Securities.^
........—46
Transactions New York Stock Exchange——.28
Transactions New York Curb Exchange._....28
Stock and Bond Averages.-—.
.——37
Boston
:
■
.....
Stock Exchange
New York
1946,
reserves
.
Stock Exchange
York
New
Nov.
$10),
P-
.;.
~"'i.'/'--1: Paffe
payable, * $2,557,166;
property,
Federal
excise, and other taxes, $535,365; Federal and state income taxes,
$1,713,025; First Security Bank of Utah, N. A.—2(4% notes payable
annual
-
equip¬
LIABILITIES—Accounts
in
Light
1947—Month—1946
Welding Equipment Co., Phoenix, Ariz.—
Offered—Pacific Coast Securities
Co.,' San
Francisco, on Jan. 14 offered $100,000 convertible sink¬
ing fund 6% debentures at par and interest and 2,000
shares of common stock (par $1) at $8.75
per share.
of
machinery
$22,838,377.
&
22,031,111
1947, $513,992; invest¬
sites,
and
those
.
Arizona
beets, less
100-pound
bags
crop
255.622
of
prior to Sept.
processed
$743,639;
most
For
Securities
s
sugar
cost),
compares
type
1947
30,
of
This
time.
reserve,
—!
Interest and
26,757,111
5,223,777
ASSETS—Cash on deposit and on hand, $1,616,702; accounts re¬
ceivable, $4,434,895,* notes receivable, $45,000; inventories, $5,816,865;
costs
mile.
a
146,814
Gross
surp._
related special
broadcasters,
channel—the
present
—r—
Other
to
charges related to tax reductLuu.
tFull dividend requirements
applicable to respective periods whether earned or unearned.
§ Which
would be carried to consolidated earned surplus,
if there should be
excluded the net effect of extraordinary non-recurring tax reductions
and
$10
the
at
short
...i.i..
•
.Operating
74,121
"
♦Reflecting extraordinary non-recurring
$861,657
is
5,000-cycle
Bent tor tease ot p.a„t.
cial
$1,456,254
radio
546,316
167.464
taxes
Property ^retir.'
Net
821,000
'
band
a
1
5,506,240
earn.
for
—__
expanses
Other' taxes
181,941
78,781
SBalance
193,790
V
for
broadcasters
Power
revenues
Operating
27,490,127
34,800
5,752,485
——
carried
consoi.
advanced
Gross
Federal
_
Balance
mile
service
Arkansas
27,490,127
22,316,142
5,434,970
vVV—■
Y—iA—1——
other deducts.-..
St
15,000-cycle
a
radio
Period End. Nov. 30—
Lt.--1
&
FM
of
.
periods, the hourly rate for intercity
service is 28 cents a mile for the
15,000-cycle channel, which compares
with 15 cents for the 5,000-cycle channel:
There are additional
charges
for station connections and local facilities.—V.
167, p. 246.
in
co.
Expenses
58,333
$4,130,428
—„——
Net Income carried
the
wish
$1,818,114
286,660
Inc. deduct, and
ncn-reeurring
Provision for income taxes—
$6
by
132,171
of
new
of
•
$3,843,768
Other income
Total
137,201
Pwr
income
Income
Operating
33,457
the
used
a
approp.
$2,062,206
expenses—
27,457,584
5,004,241
of
rate
commonly
33,147.617
1,276,138
15,000-Cycle Program Channels—
possiblerequirements
on Jan.
with
rently
638,678
income—-—
operating
6,744,565
equity (as above)— \ ,'5,752.485
Other
Total:
Gross
7,062,244
1,274,688
2,588,986
24,233,409
30,320,645
1,608,168 118,948,846 142,390,609
614,705
to
income of subsids—
$1,423,523
$2,244,055
auxiliary operations—
dehydrated
i
——
public—
;
2,656,826
with a frequency band extending .from
about 50 to 15,000
Program channels furnished by the company, utilizing frequency
upper limits ranging from 2,500 to 8,000 cycles
are cur¬
being used by AM and FM radio broadcasters.
regular monthly rate filed by the company for an Intercity
bands
512,369
786,452
applicable
equity
v
6,968,007
223,<:42
minority interests
Net
'
284,240
——
to
7,346,484
res-
surp
divs.
Portion
$8,424,487
sales-
sugar
$10,183,579
2,687,211
1,759,0)2
3,913,037
Income from
■
Balance
$30,313,654 $16,150,789
•_
———u.—_^
to
Tranjier
JPfd.
tax
sold
sold——,
on
1945
1946
,—i.—i.'—:. $32,310,618 $17,616,330 $11,167,060
on
sugar
1,996,964
1,465,541
983,481
tax
marketing; expenses—.
Net
'AC''
Balance
610,355
channels
of
plant acquis,
adjustments
the
meet
company
cycles.
other
&
deductions—net
Amcrt.
581,663
19 extended its offering of program channels by
filing rates with the Federal Communications Commission for intercity
11,721,095
573,738
—.
|
183,601,457 198,495,487
183,019,794 197,885,132
11,910,387 133,521,037 132,154,250
3,399,671
25,265,348
35,410,237
2,326,929
Files Rates for
46,991,341
(net)—
income
j s
17,899,044
12,328,340
operating income
charges ;
t
Gross
17,314,095
r—
after
To
Amalgamated Sugar Co.—Annual Report—
1947
revenues—.
■ ■ '"
50.822
expenses
Net
46,990,885
41,332.175
186,531
10,675,865
revenues—
oper.
Other
79,796
taxes
this
-
rev._
oper.
Operating
13.798,427
11,396,717
2,632,468
,
17,949.866
Operating
139,793,217
57,099,319
•
"
' * '
17,393,891
Operating
$
18,902.074
13,174,694
4,401,718
2,931,753
3,512,763
3—3
Property • retirement .*&
depl. res. approp
approximately • 12% %<, as compared with sales for the same
period of the previous fiscal year.
' >
^
.
' ,■
During this period, new stores were" opened at Winnipeg and Fort
William.
'
",
.
' ..
•
,
/
The production of the factory
at Quebec City (manufacturers of
men's welt footwear)
has increased during this period by further
modernization of plant and equipment, resulting in greater efficiency.
—V. 166, p. 1573.
of
Years Ended Sept. 30—
revenues
■
35,639,227 156,228,049
15,473,381
71,125,383
19,117,212
w——•
1947—11 Mos.—1946
" ;' J
1.,tj.
Operating
Co.—Earnings—
1947—Month—1946
"
'
1947—12 Mos.—1946
.'-V'.'-
$
revenues—...
taxes
ACCOUNT
Mos.—1946,
Subsidiaries—
Roy
.
American Telephone & Telegraph
week ended
company
Period End, Nov. 30—
Other
rate
Copy
a
MISCELLANEOUS
-
Uhcollectible
194c
$0.59'
INSURANCE
-
Jan. 15, 1948 the System inputs of subsidiaries
amounted to 237,883,000 kwh., an increase of 30,317,000 kwh., or
14.61%, over the corresponding week of last year.*
of
Oper. exps., direct taxes
profits par share after providing for income
profits taxes at 1947 rates___-—
Net
the
For
::■' 1^.■**i
NOVEMBER 30 ' ;
ENDED
INDUSTRIAL
-
American Power & Light Co.—Weekly Input—
dividend of 12 cents per share
on the. 402,944 outstanding
shares of capital stock, payable March 1
to holders of record Jan. 30.
A distribution of 13 cents per share
was made on Dec.
1, 1947, the first paid since the stock was split-up
on
a four-for-one
basis: Prior to the split-up, the stock received in
1947 quarterly dividends of 50 cents each on March 1, June 2 and
Jan.
directors on
Price 75 Cents
Corporation and Investment News
PUBLIC UTILITY
-
Stores, Ltd.—12-Cent Dividend
Agnew-Surpass Shoe
Tne
York, N. Y., Monday, January 26, 1948
Phone
CEntral
7600
Bell Teletype
8L 593
2
'
(422)
ArpZT0TSpnHE_After
defraying
ST«T&« 'SSosT and
.WcoS ^oSSonV'I SKM
its
for
bank
CAPITAL STOCK, OCT. 31, 1947
Authorized
Outstanding
shares
*10,000
Minority
lures
up
increase
Oct. 31, '47
Cost of sales
cost
3—
-
Administrative cost
Co£
28
1946
I
profit
$25,867
V
5,439
—-
Other
income
-
Net
income
,
of.
xr„,
'Net
♦Loss,—V.
.
167,
42.
p.
-
'
.
cer,
which
to
•„
sales
65%
was
over
"
toeen
to reflect
adjusted
a
;
to $1,956,490,057
increase was due
inventories.
.
,
common
on
and
1947
On
Dec
5,
,
:'
oAnf
in
due
debentures
and
1972
paid
off
received,
.
beginning
the
of
the
How- '.
including
received
Dividends
Interest
service
fo
thp
elation
,
^
'
mofite
,
asilCS GOrp.
•Cost
products,"supplies
of
Taxes
$1
income
will
for^u^mfrDosJ
adequate
be
(other
to
Long term debt
584,344
2,716,771
3,197,681
291,356
377,244
-
Portion of net earnings of
subsidiary comminority interests
inc. tax & surtax
tProvision for Fed. excess profits tax—,
applicable
panies
•
tProv.
Fed.
for
DeDi
*'
tCharge of
Provlsion
,
that
portion
•
Net
for
$2,555,000
VoL
2,544,640
inventory
price
Balance
of
earnings unappropriated
paid on $6 prior preferred stock—..
paid on 7% preferred stock.'.—_
Earnings per. common share.
—'
Divs.
Divs.
•After
deducting
(in
income
provision
(net after
first-out"
-
'
income
""
taxes—estim.""
1056*782
1*490*000
'
income
'$3
profits
payable
taxes
.
—
$3.82
5
-
!
'
'
i-i
*After
FOR
:
in
Federal
income
and
....
dividend
profits
taxes.
ASSETS-
_
requirements.
^'cqa'^o
.
($478,321—1947,
13,519,610
10,144,858
1,452,099
__
1.881,124
420,886,443
Total
(R®g-
Seibert'
Pr|fldent,,
t
as
ner
On account
next several months will be required to pay for uncompleted
under the Program started In 1946.
.-
,
$771 939
;
v
work
T„„r
NEW PULP MILL NEARLY READY
';v-.yv
in opcr-
.. > .<Afc :Berlin, it is expected that the new-pulp mill will be
N ation this month, and that the new paper machine will be in opcra;tion in April. , At La Tuque, where $1,000,000 of improvements were
.
•
•
$6,168,661'
.
40]^610„
o'SIS'iSf
"
debt
Minority
' "
.
——
$5,287,103
—....
5,OOO.OOD
interest"""
$3,453,721
'
5,000,OOQ,....5,000,000
"2*078
$19 949 477
?J2n?
"~2"o98
^
.^n-
$4,675,717-/■'^To^ay'down1 th^debrfo defray the1 cost" oTcontinuingerSePla^menJ
3.75Q.OO0
of obsolete and worn-out produc^fon^a^flties, and to
vrrI
dividends; to provide fairly to both preferred and common
6,M5,2oi:
=„these
$21 814 qqo
tn
conditions that obscure high cost factors of production. For
pul1 the company must be prepared for, operations at rates
-
.
$4,877,608
$18
constltlfte
^
a
stockho
cwl£truc,ln8"C>P
/
RECAPITALIZATION IN PROSPECT
167 oii
vear
of the fluctuations in
355,756,753
.
AUan'ic Gult & West Indies SS. Line^-New President
oi^zz:
, craig
as
Pr^^x,^
-.
H55S
•
the Mexican subsidiary company of the New York & Cuba Mail Steam-
Co.,
announced on Jan. 21.
He will be in charges of the.
Cuba Mail Line's operations in Mexico and will maintain headquarters
ship
in
was
Mexico City.—V.
£' s- Patent Office) William B
166,
p.
1990.
,
*
;
-
tions
t©
.,
with
•
;
respect
to
repayment
competitive strength."
,
-
-
V.
debt
of
166
p
restoring the
and
1147
'
-(Continued
Dana Company, Publishers, 25 Park Place, New York 8. N. Y., REctor;2-9570.
Herbert
On
page
companies
<-
.
•
■*
12)
D -Seibert/Editor and
Publisher;
Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on Monday]. Other
®613U I DJTap®rs Garde"S' Bondo"' E* S > England, c/o - Edwards & Smith. Copyright 1948 by William B. Dana Company. Reentered
0 iCe !LhAW York' N- ^undtr the Act $42.00 per year.
Of March 3, 1879. Subscriptions in'United States, U. S. Possessions, Territories and Members of PanCanada, $38.00 per year.
Other Countries,
D Riggs Business Manager
rl-ifs matte? Februarv 25 1940
?
s®f^^"nnjon $35 00
'in r^nrrHAiAn a^
American Union, $30.uu Per year, in Dominion of
NOTE:
*
,IT
'
:
Dana
SHEET,
$23 787 134
18S
~ ^
Deferred charges less deferred income,
William
*
.
■
-V1»xrmr~ — ^^ ^
srs
depreciation)
■
$23,787,134 $19,949,477 $21,814,992 $16,187,931^
$503,138—1946)
ggpsz
(less
*
'
Net proceeds of $2,905,011'realised from the 1947 sale of the Ber6imls. Quebec, timberlands will' be applicable- towards financing
provements at La Tuque.
*
'
< '"/• Future work, after next mid-summer, to make the plants compeiw
SEPT. 30
v r;
tlve must be financed from cash realized from operations, accora s
,„•
'
to President Coburn, because "The company has reached tne j»
<
borrowing power, and there are no substantial capitaL-a^.-.,;^
1 r $1,351,326
now available for liquidation."'
a'oIa'^46
SALES and prtpv<$ mnir wtAwVitttptit COSTS
*
'552'ZJ7
S AND PRICES HIDEFIIGH OUTPUT
.—lnded,
977,891
779,212
considering any recapitalization plan," Mr. Coburn co _
•
7,637,296 - 6,100,030
'directors and stockholders alike must be mindful that the co P
g
231,679 . ., 141,900 ' earnings in war years, and since, have been attained under c
——~~
of fVJ1 capacity operation and of prices at exceedingly hign
•
1.703,507
7,604,780
172,653
LIABILITIES
Nov. 2,'48
b
'
3,039,016
.9'334,840
164,866
.» SKS ^ Sffi&S'fSSi
employees
■
"This $3,823,94^7 increase in working capital," explained Mr. Coburn,
"was absorbed- by; the higher level of wages and materials, which
were reflected in the dollar values of investment in receivab'es, inventories. and pulpwood operations, not by^^increase in the scale of operatiqns or the-volume of inventories. Working capital is just sufficient
to finance operations, and all cash to be gained by operations in the
$771 939'
•
+Compares with
,
Total
"
Current Labilities
•
_•'
• •
-
„
^Vr"~""Vofo'
.
Nov. 1,'4T
.
.
$980 n87
»
466
*817*544
981*000
J" lW.
$980,087
~
Invests, & other assets
Property account (net)
Deferred charges
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
_
oa
«L,'m
fSiuI
to employees which are
excess
■
"''mletXi^onlSSimod;
KLnedanddur
':
'
65^027
QUARTER
CONSOLIDATED BALANCE
v
•
Aaci]Wpa
retroactive
bonus to employees was charged
against unappropriated
earnings employed in the business.
$Including retroactive bonus to employees which is equivalent to the
reduction
other funds set aside to finance plant improvements now under way;
,;
preferred
reduced
equivalent to the reduction in income taxes resulting from these particular
transactions; the remainder of such
refinancing costs and
resulting
S
Expenditures in the six years included: $14,805,771 on rehabilitation
and improvements at Berlin and La Tuque, Quebec, p'.antg; $5,546,003
were deposited with trustees as required by the mortgages, and for
30
$2
2*503*860
$1 325 139
,
Gontrol Board's regul.-
in same period in 1946. • §Includes estimated profit of $469,900 resulting
from liquidating of low-priced inventories.
;■ •*'
by reason of deductions for tax purposes of refinancing costs and (in
1946 only) retroactive bonus to employees.
There have been included,
in the above consolidated earnings statement, charges for the portions
refinancing costs and retroactive bonus
263 491
*Cr85*000
,v
■
11
^
reeled «6 M?T?7 7™^%™®
""«• and »3,823,947 added to working capital'.
;l'291735
'"*• '
'-
1*078*432
*Cr251*000
'
in
ENDED DEC
31
1947 completed between 1942 and 1945, an addition to the pulp bleacheiy
V -*< •„•- * ? '
is under, way and is expected to be in operation late next summer.
:>———.___—___i^__%'_*_lr_._t$11.852,978
At both Plants deferred maintenance has been substantially disposed
Net profit after charges and taxes
$2,136 918
of, [together with a considerable volume of work, especially at Benin,
Number of common shares
1,006,880 "'in the reduction of hazards to life,-; of fire risks, and of threats to..
Earnings per common share
- *$2.08
continuity of operation."
W
v;:l'■ ' ' n: ":-r'
$363,000 and $2,555,000 for the fiscal years 1947 and 1946, respectively,
of the
v
7
19
$3 398 947 •- $2 570 483
$2 152 571
$7 898 034
w
RESULTS
$18,526,342
5,862,956
were
'V fR
-•••
only) Federal subsidies and including
taxes) for replacement of basic "last-in,
excess
V'
endf?d N^v e30
5q. q«9
Under the Canadian
'-
SEPT.
135 456
,
and
-
0
..
"
-
inventories.'
tFederal
-
1946
:
s
ENDED
.
$5 444 816
Sales
$22,950,269
15,517,297
2,301,049
$4.91
'
,
lg®' 1 esttoated^it'- 1t2^00 0^'-:comoared with
lq3 I,4J'
n4 n/»n 3
icfd7 parriS however
If
"J .«"£ 1«Mie tthe company, because only a partjf the Canad an
Reflects recoveries from Federal income taxes, paid in. previous
years. in excess of current taxes.
y
^
_——
.
■
162 142
~~
$28,026,342
9,500,000
8,000,000
decline
'
$1 990 429
"
income
——
$30,950,269
earnings
Appropriation
jjet
363,000
2,858,222
,
'
deductions"
173,792
'
V
l'974'319
1 950 320
!
other
.
,
oee fieyaen Lflemicai Corp. below.—
$1,284,930 for 1940 and 1941 interest on general mortgage bonds as
227 544
'
13,804,903
5,052,279
taxes^..——
V
,
L
,.
$5 217 272
other
Total
17,290
of refinancing..
income
other
for
'
\
incomp
^7 &
int
YEARS
FOR
1794096
amort
&
denrec
18,197,414
to
normal
r
, ferred stock, on which $48 of unpaid dividends have accumulated.
Con,olidated
net earnings
after-'-inter'eW and taxes for the fiscal
$29,066,894 $20,401,438 $34,812,830 $18,736 838
—.....
Oocratintr
——.
Miscellaneous deductions
ACCOUNT
,„._
Net sales
1,013,862
employees' pension funds
INCOME
CONSOLIDATED
10,639,326
2,700,000
debt
-
,
«
Int. and amortiz. of debt discount 8c exp.:
Current
"•
.
£1 184fifi4 79i
14,340,437
3,375,000
'
.
hSr«„
The company reports 1947 earnings and financial position in a letter
to preferred and common stockholders Jan. 14. The letter, signed bv
F> G' Coburn- President, was in answer to stockholders' queries about
Prospects for preferred dividend payments and for a recapitalization
plan, that Would provide new securities in place of the present pre-
Sbe seen.?
remains
advisable to give
ening the position of our company in that respect,
MOfcUMjg
income taxes)—.
than
Contributions
and service..
'
,
' 'To Show Net of $2,800,000-
^l^Sr?.ge,^dTS.Ti5l^5i
consideration to every feasible method of strength-
'
..
•
♦' ' J- Vv •
Brown Co., Berlin, N, H.—^Controller Elected—
*
;
303*709
958 211 387
V.' 167, p. - 247;
'
TtteneT^
366 087
!
Tnfal
1
piacfirc; Corn —Sop Hevden Chprnipal Corn
•
In connection with the desirable acquisition of additional crude oil
reserves, and the development of affiliations for that purpose, the
management may find it advisable, later in the year, to recommend
for the consideration of the stockholders, either additional .financing or
possibly a consolidation or merger with other independent oil interests.
457 434
599 802
-
Stock Interest ill Ameri-
Borden Co.—-Sells Minority
%
now
^
229 203
"
—~
'
892325
^and rMeivables""
income
,
•
'
elation, wUl^he adequate fcr our purposes remains to be seen.
SiS'.AmSi IWoi.MlIsi
....
__
_
securities
on
Miscellaneous
revenues
treasury)
temporal boS
■
,
»8.950e52h2ree Pre"
Sales
shares held in
The corporation on Jan. 22 notified the New York Stock Exchange
that-holders of its consolidated mortgage thirty-year sinkin" fund
2%% bonds, series J, due Now 15, 1976, may exchange
for bonds in definitive form on or after Feb. 3, 1943, at the Guaranty
Trust Co. of New York, 140 Broadway, Nevv York, N. Y.~V, l67 p. 247
otoiFohii
r^nvptt^In? in
2 imnroln folliS'
Whether' thwe fuSds toeether with C eStlvaient
reservls to be serasMe duHne the ^fa^ Li d^
and denre-'
STATEMENT
^ ^
209,320
*
alonB 'he 0hk>
(afSr resMves^for^eilSion^
fnr
,
EARNINGS
(including
outstanding. ■
' . .
Definitive Bonds Soon Ready—
law
year
CONSOLIDATED
the
,
^ *'
laree
ouf net
'
r
accrued dividepds amounted to $13,324,900
($25 per share) ' on the $6 prior' preferred and $2,065,044
($61.25 per share) on the 7% preferred—a total of $15,389,944.
All
these
accruals were discharged during the year—$187,350 being discharged in the cost of the stock purchased and the balance of $15,202,594 being reflected as dividends paid.
' "
At
of
company
3194714
were issued and
M&irTr?rrsss»&'Thtn«
' Contrff of Br«wn Co*
°\ Us'canadian subsidiary, Bi^wnVorp,
including additional terminals for refined products " manufacturers of paper and pulp and allied products.
- , .
^
factiities
tion
through purchase and call,
preferred stock and 33,715 shares of 7%
cost of $7,817,857. All stock so purchased
the
a?
^sr iS^Sf
sub-
principal
refinancing.
the net, $14,069,929 on this
year the company
retired,
in
During
shares
and J
Chairman
Bla7er
share of record
Prior., l.o- - this-'change, the
common
had authorized 5,000,000 no par common shares--of which
tremendous expenditures on the part lof the oil
industry. Our own necessity for protecting and increasing our supplies
of crude oil and the ever-present peed for keeping all of our-facilities
modern and highly efficient, will require the early investment of large
additional sums in new properties and improved equipment.
We antici-
Tavtag-thlTompany
32,996 shares of $6 prior
preferred stock at a total
or
called was cancelled.
SSS&a:
ticnal chares tp holders of each
close of business Dec. 30, 1947.
,•
^
-
.
became outstanding following the-distribution on Jan. 17 of two addi-
Sub5c*ip:i<>fi; to .agent fof. this
v',
'
mefpri
..'v.
.
■
■;
:/k,
•
.
StecDCorp^^
requiring
is
uct
quarterly
$20,993,500
nearly $9,(00,000 is more than $4,000,G00 higher than for the
.•
•„ ing year.-^V. 167, p;. 247.'
'. - •
■
1
anfciCjpated continuance of . the record-breaking demands, -for
petroleum products, combined with the constant competitive efforts*for
lower-cost methods of transportation, refining and marketing of prod-
per
pa?lSnbythperiS s^le,'TwSofi prinefpafamount of" 3%*'
-
V,^■
:
pa],i r;
1047
on
sZiiST^rs
ordinated
-
in 1947 and .,$84,585,043
The
share—in
to $19,950,269—$4.91 per
share—in 1946.
directors ordered payment of a
the
1947
420,886,443'355,756,753
__
ard Marshall, President, On Jan. 5, 1948, Stated in part,
.
stock amounted
$15,526,342—$3.82
.
■
.
edJ^ PJC'
Considering the special appropriations for inventory price decUne
and allowing for dividends on preferred stock now outstanding, earnings
-
39,631.42?,.39,196,63$
Ashland Oil & Refining Co.—New Financing or Consolidation With Other Independents May Be Considered
Later This Year—In the annual report for the year end-
last year.
The 1946 figure has
more extensive application of the "last-in,
basis of pricing
first-out"
Executive Offi-
$28,026,342
with
compared
as
.
^
•_ i .
depreciations reserves of $89,818,327
-r -i--,-!—
65,392,647
7,653,883 ' '
.60^0381 =
•-
^
V 'OO.V'
■'
•
-
class of stock.—V. 167; p. 150.
;
levels.
amounted to $30,950,*•
tonnage increase and to higher price
earnings for the year ended Nov. 1, 1947
25%
a
Net
•
C "sistipg
transfer, spUtting and grouping of warrant> for
the new $4 cumulative preferred stock and co-transfer
AT-,*
1947 fiscal year ajnounted
the previous year.
This large
'*'•
-
-
5 625 000
7 8?5 m
the
A
the
for
*$614
•
•
_
Chairman of the Board and Chief
on Jan. 3 said in part:
Total
.169
,
;
•
.
: "'
Armstrong Cork Co.-Trans£er AgentThe Guaranty Trust Co. of New York has been appointed agent for
,
$19 167
$19,167
-
,
****■«•
(III.)—Annual Report—-George A. biast-
Armour & Co.
man,
,
...
MO.
,
4-21914
$21,914
,
TO StoCk Dividend-
railway operations amounted, to about $59,000,000 • or an inc^eaSTr
about $29,000,000 as compared with 1943. Operating deductions cnJ
principally of taxes, at about $30,000,000, showed an increase
^er 1946 of roundly^ 00X000, this rellecting the credit carry-back
nn taxes of about $20,003,000- taken into, account in, 1946 income
Railroad retirement and railroad unemployment taxes for 1947 in
creased more than- $4,500,000 as compared ^with the preceding year
because. of the, Crosse* amendment to the Railroad Retirement Act
Income from dividends and from other securities showed an increase
in 1947- of about $1,000,000 over 1946, while net income for 1947 at
-
in 1946. , fRepresented by. 500,000 shares ip 1947 and 532,996 in' 1941."
J After reserves of $1,836,634 in 1947 and $1,755,052 in ; 194S.X-/;
"
9,392
fovoc
taxes
„
after
....
11
__
*$3,482
,2,868
—
mSe'tax
000 ODn
Baltimore & Ohio BR*—Earnings— V
Tentative figures indicate that railway operating; revenues totaled
about $360,000,000 in 1947; cr; roundly, $55,000,000- more- than in Sr
Operating expenses increased abqut $25,000,000, and net revenue hit
- . ; ,
,
-, ;200,000
v
and
stock
stock '
paid-in surplus
wpu« huh t»
—
$20,829
4,442
-
'- •' *"dw* *»M*r Coaling
;;.20,328,5^;.;.
4,000',000
-
value'
stated
preferred
nreferred
7%
surpS
P£ £
"-After
Operating
of
299 600
prtor'
convertible
ai 771 500
$336,777
353,751
47,477
39,031
$546,668
425,675
58,265
41,897
$393,375
282,570
46,888
38,048
sales
ec
_
retirement""0f ~$3
nf
1947
.
—-
share)
Reaves for N Y Itate workmTnVcompensaRetmveaior KY.. state wo
p
tl°" *n;sur_iIJJJVm;nrTf~lnt~"^~~dnkin2""fund
Reserves for: payment oi int. & sinki g 1 .
the debenstock will
Years Ended Feb.
8 Mos. End.
Distribution
g^ves for ^ventory price
STATEMENT
OPERATING
COMPARATIVE
•
Gross
7%
common stock, (par value>$5 .per
stock now offered
the bank loan will be reduced or eliminated and
to $100,000 will be outstanding and the common
to a maximum 18,160 shares.
sold,
There were $3
50.000,000 ; 50.000,\>00
common stock lor each four shares, held, ' The dividend ■ {«• n»,L,
33,600,03(1 2Q,99X500- „tcv stockholders of record at the dosp of business on Jan "ir ml6
.553,387
649,145/;Certilicates 'for this stock dividend . will be mailed by the ./ran f
50,000,000 .53,239,600. agent in Detroit, Mich., on Jan, 26, 1948—V, 167, p. 4X<,
4
• ' 3,371,500 v
.
,
. .
>•
,
i '
j
value)
f$6 cumul. conv. prior pid. stock (no par
cumul. pfd. stock (par $100)—
.
-
-
common
extent
the
To
are
,
$100)__
$1)
stock.
that the debentures and common
into
debentures
;
.
(nar
(par
bonds, ser. F, due 1971
inc. debs, (sub.)
(non-currentt—
stockholders' equity in subs. consoi.__
cumul
3V2%
>
$59,197
,
400 shs.
100 shs.
*250,000 shs.
16,160 shs.
reserved initially for the possible conversion of the
loans
stock
Common
instalments, beginning June 30, 1950.
•
mtge. 25-year 2%%
1st
mtock
nrpfprreri
est
o23'
'
- ••♦
«?• ™ "gZJg
•
-
Current
*
in Phoenix
use.
own
FUNDED DEBT AND
$10,194,200
Treasury Notes, Tax series "C"
the
incurred in the financing,
expenses
%1t3?0
-
1948
State- of
2,000 customers in the
serves about
n°»
dePar^m'
Sma" ™Pa'r
°therceSe 55"'° maIn""n3 *
fV" oS«"
Monday, January 26,
FINANCIAL-CHRONICLE-
THE COMMERCIAL &
■
n
the rates of
-
exchange,
remittance
for
foreign
subscriptions and advertisements must be made
in New
York
funds.
v
,
-
.
THE COMMERCIAL
Number 4667
167
Volume
"
The
&
FINANCIAL CHRONICLE
(423)
Capital Flotations in the United States During the Month of December
And for the Twelve Months of the Calendar Year 1947
roorate epiissions
P
!Lr
and
Carbon
20-year
2.70%
notes;
3 and
Appalachian Electric Power Co.
Tire
&
Rubber
Co.
issues. The large total for thfc month
pan
be attributed in no small part to the $357,532,600
American Telephone & Telegraph Co. 2%% convertible
fornia. Edison Co. 4.88%
—Private
which was offered for subscription by
stockholders.:"<This issue alone accounted for over 35%\
of the total. Another factor contributing to the month's
,assumed
placements
preferred stock (par $25).
for
December,
as
nofed
«of
the great number'of private issues, jn au
year 1947 will rank as one
noteworthy in history. Only in four other
according to our records, were the 1947 figures of
$6,274,531,532 exceeded.» The other yeats in the order
of their magnitude were 1929 with a record total of
of
:
.
other page
of this article. >
Incidentally, the indebtedness incurred by the Treas¬
ury last year through the public sale of its securities
amounted to $93,111,929,467 compared with $108,364,006,119 in 1946, $159,250,090,925 in 1945; $148,663,630,800 in
1944; $63,182,839,168 in 1943; $50,409,965,253 in 1942, and
$11,512,617,001 in 1941. The huge borrowing by the gov¬
being privately sold. The November placements through"
$417;319,050r br 4D% of the total.,, ;,l rt
the
private route footed up $279,190,083 and; repre¬
month's-emissions, $926,167,815, or 91.7%, was
sented' 50.4%. of that month's total,
comparing with.
for new money purposes ^and $83,126,999, or 8.3%, for
refunding. Thus, the trend of financing held to the ; 24.7% of the October corporate fianancing;. 24,2% of
dhe .September total; 80.5% of the issues so placed in
same pattern for the 16th month, showing new money
August; 28.9% of the July total; 11.5% of the June finangreater than - refunding operations,. with the exception
sing; 14.2% of the May total; 41.6% of the April finan¬
of May, last.
;"
" ■
.
ernment
.
For
the month
of December public utility issues
cing; 18.9% of the March issues; 57.2% of the February
total, and 47.48% placed in January.
:
Municipal issues, for December footed up $101,461,908
■and compared with $102,633,801 in November and
$169,^750,382 for December, 1946. Of the month's total, $99,440,095 was new money and $2,021,813 refunding.
Below we present a tabulation of figures since Janu-<
ary,
1945, showing the'different monthly aihounts of
corporate financing. Revisions of the 1947 figures may
he necessary, particularly as additional private financing
us brought to light,
v
ac¬
counted for $501,420,262, or 50% of the total; other in¬
dustrial and manufacturing; $218,065,098,; or 21%; rubber,
$100,000,000, or 10%, and all other categories, $189,809,454, or 19%.
;
:v
The principal issue for the month was $357,532,600
•American Telephone &; Telegraph Co. 10-year 2%%
convertible debentures, due Dec. 15, 1957. This, accord¬
ing to our records, is the largest corporate issue ever
sold to the public in the history of corporate financing.
Other outstanding issues of the month include $150,000,SUMMARY
OF
FIGURES
CORPORATE
1947,
1946 AND
I
The
Capital
$
$
the
transportation home
lands
and
the1 maintenance
211,267,388
450,548,250
274,583,073 1,026,560,331
'
May—
June———i
311,789,477
319,497,872
518,608,778
Of
47,616,-401;:
271,3.62,410
213,807,3?.7
bunds
with
162,182,000
363,837,701
28,925,290
...68,071,687
141,067,908
736,847,786*877,915*694
102,423,035
563,122,202
665,545,237
159,360*123
367,086,226
526,446,349
1.352,125
80,585,300
81,937,425
392,762,791
671,103.991
682,652,434
859,737,519
350,6.51,431 i; 665,211,295
3,106,589,565
* 611,519,659 1,718,109,224
793,083,035 1,414,516,213 2,207,601,248
1,104,872,512 2,112,254,269 3,217,126,781
123,225,255
August———
1156,800,417
147,461,407
304,261,824
258,357,364
122,18.7,231
380,544,595
September-—-——.
—_
Third quarter——
Nine months-,—
369,051,533 . 451,403,579
367,632,081
104,757,061
171,098,753 .146,341,925
606,543,042
—,—.
v
—
.—
i~.:
*
——-
338,267,743
445.809.538
106,185,122*; 706,075,793
812,260,915
•
.
w
__
—
—
ous
•
"
:
October
December
Fourth
—-.1—-
\
926,167,£15
589,877,,742/:; 86,315,940
/ 83,126,999 1,009',294,814 ¥ 691,223,683
1,995,393,637^
quarter-.,
554,347,159 ¥
84,068,960
November—470,278,199
27238,512,516
243,118,879
73,160,350 * 343,853,111
270,684,761
674,870,543
75,922,920
598,947,623
.
j.
4,752,435,028
in
.
:
•
515,320,272
■;;!//v'-;/
*''V>;
•
total
added up
*r
f
T
"
1
r
DOMESTIC
.
v1 •>
CORPORATE
"
Notes
;
*.
Preferred
"
1946-_„—L-,
$M3,158,586
1,268,428,380
804,387,001
6,508,777,181
1,033,817,917
278,823,945
6,200,881,482
410,630.640
3,121,828,531
886,827,500
130,710,988
101,223,891
43,079,643
'•
18,817,643
79,901,271
81,616,848
Month
Jan.
1947
Other
Ind.
Add
Jan.
1947
Public
Mfg.."
-
Add
Jan., 1947
Add
Jan.
Feb.
1947
Motors & Accessor...*
1947
Add
Add
-Public
Utilities
Other
Ind.
Other
U
Ind.
Other
,
Ind.
'
Bcech-Nut
Feb.
1947
&
Feb.
1947
&
Mfg.,*
Mar. 1947
Miscellaneous.
——.*
Add
Mar. 1947
Miscellaneous.
Add
Apr.
1947
Public Utilities.—,*
Add
Apr.
1947
Public Utilities..:
Perro
Mfg._*
Deduct
Add
May
1947
Add
Jun.
1947
Jun.
1947
Add
Add
July
July
Add
Other
Aug. 1947
Aug. 1947
Add
Aug. 1947
Add
Aug. 1947
Add
Aug. 1947
A^jd
&
Miscellaneous- 4.—*
Utilities—..'.*
Public Utilities.——*
Other
Ind.'
Land,
&
4
Miscellaneous
Other
Ind,
:
'„*
Mfg.~*
Oct.
1947-
Public
Utilities.....*
&
Add
Feb.
1947
Apr,
1947
l/V I/./':,
.
V
Deduct Mar. 1947
Deduct Mar. 1947
Add
juiy 1947
Deduct July 1947
Add
Aug. 1947:
Add
'/Miscellaneous
Other
Ind. &
.....'*
Mig,_*
'
! Public
*
__
—
14^.
Add
Add
Add
Add
Add
Add
Add
Add
Add
•Add
Jan.
1946
194Q./
Mar. 1946
Apr. 1946
Motqrs & Accessories.
Other
Ind.
&
!
225,000
Ind.
Mfg._*
<$z
Public Utilities
*
May
1946
Other
Ind.
1946
Public
Utilities—^,-*,
Jun.
1946
&
Mfg—*
Oxford
mtget and c01,1- tru^,„^h
Paper Co., 2.95% debentures due March
Missouri
,American
Public Service
1
>300.000
-— ■
l,
Corp., 1st * 3;/bond^ series
3 ¥2%. debenture note——
^tge-f ^
—I--
'
Ind.
Ind. &
Mfg.-*
American Coating
Land,
Bldgs.,
etc.—*
Public
Utilities——*
Berkley-Uarteret Hotel, Inc.,- 1st mortga^
Tri-State Associated Telephone Corp., 1st mtge. 2 /a
Associates Investment Co., 2%
junior notes, 1953,—,
& Mfg.-**
Miscellaneous
—,*
;
•
TM.;
r
'
2,116,597,775
456,493,100
)!'•''
123,650,746
282,063,717
27,180,244
2,267,428,76®
3,198,450
31,402.899
491,094,44®
i
4,631,945,681
Farm Loan and Government Agencies
800,000
jn
this
classification
consisted of
International Bank for Reconstruction and
v.
2,000,000
850,000
--
250,000
-
bonds, 19
->
,
1,120,Q00
700,000
Mills, Inc.," loan,
(Continued on page 6)
!
2,600,000
...
4%/. bonds
^J>V'
:
"
1,100,000
A'
fund_ debentures, 1951.
Other
285,840,364
obliga¬
Hoqie Loan Banks. Financing by government
agencies, which in the past decade reached huge propor¬
tions, disappeared altogether since October, 1941, as a
new policy put into effect by the Treasury at that time
provides for the monetary needs of these agencies to be
taken care of, during the emergency at least, by direct
United States Treasury issues instead of by the sale of
their own guaranteed obligations.
The total volume brought out during 1947 by entities
grouped under this classification aggregated $661,215,00(1
as
compared with $861,150,000 in 1946, $937,890,000 in
1945 and $433,150,000 in 1944.
V
'
T—
298,300
l95l7""""':"
debentures
Other
2,140,494,689
2,433,692,159
4,064,041,600
5,100,000
Wringer Co., Inc.,
Empire District Electric Do., 1st)
Michigan Chemical Corp., 4% sinking
292,013,451
.78,560,510,
Federal
6,250,000
.2—
tonl
2,196,166,42®
468,395,208
;
tions of the Federal Intermediate Credit Banks and the
'
Washington Properties,
'Southeastern Corp.; 1st:
>' Other
19,150,284
161,158,178
1,962,249,000
1
2,042,783,895i
1,673,283,500
500,000
Long-Term Bon^s and Notes
Jnc.^lstimtge. 4% bonds.^1^96^4—_—
vj
2,618,804,74®
2,762,577,83®
;
Utilities——L*
1,042,520,278
79,901,271
298,440
Bldgs., etc.—*
110,158,408
81,616,848
72,759,242
1934-,—-*
675,000
JantMn
Land,
43,079,643
19,239,518
1935
156,129
250,000
Public
101,223,891
2,000,000
1
{
6,258,587,454
3,181,078,531
1,080,868,131
284,266,445
130,710,988
913,122,350
•
/Stocks V//I
'»
6,652,069,681
219,228,275
Development Corp.,
Co., common
*6,274,531,532
813,229,501
410,630,640
1936—
343,871
2,050.000
■■Texas
$666,058,646
1,030,481,389
1937i—
50,000,000
Inc./common;7—
Total
$843,158,586
1,268,428.380
246,315,690
1939—
100,000
Mfg._*
Jun.
July 1946
July 1946
July 1946'
Aug. 1946
r
5
Stocks
2,319,075,200
Financing
Utilities4_Ul*
Oct.. 1947
Feb.
/
"
1938——U
750,000
¥2%;note, due- 3
note^due
.International Agency,
CORPORATE ISSUES
Common
Stocks
■
2,434,645,300
150,000
——
1946
Add
////:/,■■;
Air; Express
:
CANADIAN,
Preferred
'
•(
—
800,000
1,000,000
,
Oil
2,267,428,765
489,894,449
2,433,692,15®
1940——
5,000.000
27/a%, due 1977
,
Miscellaneous;
•
1941
31,402,899
2,669,224,000
—«
1942-j—
July, 19o3-.
I'
1943-
375,000
Pacific Qeperal Corp.,. 1st mtge.:.sinking fund notes,.due
: Smith, Kline & French Laboratories, 27/a-3% loan^.
„------7--^-;-r-44
Central Ohio Light & Power Co., 1st mtge. bonds, ser. B
American & Overseas
.
$4,765,314,300
4,570,411,800'
4,937,839,620
•
1944—
—"T—
1,650,000
3l/a M- bonds,
and Notes
Notes
4,578,945,681
27,180,244
907,077,500
1945
■3,150,000 '
350,000
El. Co.,- Inp.; 1st mtge.
'. Dedham -Water Co,,. 1st, mtge.. 3 % -bonds,
..
;
i—
1946—
2,000,000
1.000.000
1,250,000
Investment Co.,
...Financial Con,.,
;c. X. T..Financial Corp.. 1
i
2,140,432,18®
282,063,717
INCL.
FOREIGN,
Bonds and
.
1947—_
>5*000,0001
Central Louisiana
Short-Term Bonds
Add
V
i.
Years
19,087,784
292,013,451
123,650,746
400,000
3i% jpnior nptes, due June 15, 1953-—-----3% bds., ser. B due Aug. 1, 1976
series* due J,97^.———^«
Jantzen Knitting Mills, Inc., 16-year loan——.^r—— r-——
Jantzen Realty, Inc., 1st mortgage loan
Kable Bros; Co., 1st mortgage bonds, 4%; due 1953-195/—-—
-
t Associates
*
1947
Co., Inc:* v;ist mtge.- 20-year
DOMESTIC AND
2,618,804,74®
2,762,577*838
2,116,666,42®
270,840,364
j 455,293,100
Calendar
500,000
1,042,098,401
3,198,450
1934-
u-
72,759.242
1,060,618,131
468,395,208
'
<
4,026,041,6002,116,597,775
5.COO.OOO
20-year lean...—^
Suburban Water
City
—
1935
1,000,000
Vk'h leap, due May.!*.1962——
Utilities-Co.,; 1st mtge. bonds, 3% ser. B, due 1957—& Malting Cc.i, 3% sinking fund notes, due Aug. 1, 1965
Burdine's Inc.,
etc.—*
Sep.
■
Bldgs.,
1936-
1.000,000
Corp;,
Fioedtert Grain
Mfg..*
Miscellaneous
'
1937LJ
,
Consolidated Gas
.< Kansas
Utilities
Public
-
Ferro Enamel
■■
'
1,882,749,000
2,042,783,895
1,673,283,500
246,315,690
161,158,178
78,560,510
1938—
e.000.000
1958-1962-.——
due Feb. 1,
2,434,645,300
1939*
$1,200,000
Marquette Cement Manufacturing, Co.; 20-year loan-'——
—Economy Grocery Stores Corp., 3%\sink, fund dcbents., dne Jan. 1, 1961
Lawrence Investing; Corp., 6% debentures, due 1959-—
".Central Louisiana El. Co-., Inc., 1st mtge. 3%' bds. ser. B, due Aug. 1, 1976
Consolidated Gas Util. Co., 1st mtg. s; f; bds.j 3% set. A, due Mar. 1, 1967
*
Public
notes,
219,228,275
500,000
..
Mfg..*
Aug. 1947
Add
Add
Ind.
Miscellaneous,
v
Aug. 1947
deduct
« Mfg..,*
Utilitips.^—*
Other
1947-
Add
Ind.
Public
*'
1947
Add
*
Corp.,
Enamel
2,319,675,200
$800,000
$kg.-;fund bonds, due Dec. 1, 1961
3% bds., ser. A. due Jan, 1, 1976
214% promissory note, due 1958-1967——
Packing Co.,
110,158,408
7,500,COO
Keisey-Hayes Wheel Co;, 1st mtgej V/+%'Missouri Gas & El. Service Co.) 1st mtge.
&'Mfg._*
Add
Issue—
Diebcld, Inc., 4¥4%' 10-year sinking fund debentures,- due Jan. 1, 1957
Gulf Coast Water. Co., 4% bonds, due serially June 30, 1947-1959
Utilities
&
of
Name
Classification
Add
913,122,350
1940——r_
Refunding
New
<
1941—
!
■,
2,609,974,000
1943-——
Allocation of Proceeds
Total
Stocks
$655,386,149 $6,233,359,035
4,435,961,800
1944—--—
'
Bonds and Notes
Long-Term
Common
4,883,239,629.
1945—
1942
1
ISSUES
Stocks
-
$4,734,814,300
'
1947
against $2,081.-
financing,
Bonds and
,
1947..
the years 1947 and ]
following changes have -been made in
1947 long-term
$4,765 314,300 compared
while preferred and com¬
to
$435,398,677.
,
«
.
NOTE—The
in >1946,
1947
.
Years
T
i1'
amounted
1946.
the
442,572,659 1,439,729,428 1,882,302,087
"//vf'
tRevised.
among
from
.
stocks aggregated $1,509,217,232, as
.
1,272,716,733 4,985,870,721 6^58,587,454
3,564,441,063 5 3.087,628,616 6,652,069.681
1,522,096,504 6,274,531,532
troops
corporate emissions for
notes
Calendar
Twelve months—
other
foreign
occupying forces in the
of
Following is a tabulation of the annual corporate fig¬
ures for
the past 14 'years according to each type of
security:
163,171,'703
102,481,627
167,773,361. 347,546,911
804,521,175
272,781,782 1,824,567,968
1*551,786,lCp
60,690,076-.
676,193,682
i 113,297.492
989,700,890 1,203,810,112
214,109,222
of
cellaneous," accounted for $306,810,904, while miscellane¬
830,144,074 3,546,141,293 4,376,285,367
2,012,654,879.2,814,846,834 4,827,501,713
3,757,041,391 1,278,977,625 4,036,019,016
754,156,243
107,541,795
702,592,565 1,610,374,932 / 425,940,883 1,798,499,779 2,224.440*662
907,782,367
392,874,893 1,291,349,461
898,474,568
966,370,209
212,213,966
820,545,112
472,389,142
317,440;678
be attributed to the
Of the total corporate financing for 1947 the largest
portion, $3,127,616,565, or 49% went to the public util¬
ities, as against $2,114,551,358 in 1946; other industrial
£jnd; manufacturing came next with $1,438,308,672, or
22%, as against $1,877,333,581 in 1946; railroads ac¬
counted for $269,650,000, or 4%, compared with $729,878,000 in
1946; oil took up $533,830,274, or 9%, against
$633,187,283 in 1946; iron steel, coal, copper, etc., $101,250,000,: or 1.6%, as against $207,051,962 in 1946; motors
and accessories, $61,666,440, or !%, while in 1946 $366,758,560, was contributed from this source; all others,
with the exception-of companies classified under "mis¬
404,203,191 1,747,641,514 2,151,844,705
483,316,787
may
tions in 1945;,
263,135,283 1,010,793,728 1,273,929,011
886,102,732 2,744,669,555
/
and
of
$4,752,435,028, or 75.7%
was for new
money and $1,522,096,504, or 24.3% for re¬
funding compared with $3,564,441,065 (53.6%) and $3,087,628,616 (46.4%), respectively in 1946.
The contraction in refunding operations became no¬
ticeable early in 1946 after the end of the excess profits
tax on De£. 31, 1945, which was one of the chief factors
contributing to the wave of corporate refunding opera¬
191,107,290,
295,766,014 '
318,978,811
total
$4,570,411,800
mon
322,970,703
697,736,056 1,009,525,533
.'314.559,864;
,732,416,105
278,899,772
44,070,931
-436,672,668
.
'307,169,645
-
the
direct result
necessitated
conquered countries.
$
253,874,054
*
1,858,566,623
quartet-—
Six months-
•;
y
454,528,580
283,889*643
531,164,539 ; 188,633;528';
78 214.450
211,666,667
:
119,204,001
129,503;023
376,314,120
—
July
30,923,566
139,824,303
751,977,258
quarter.——
Second
134,670,053
180,343,822
■'
March——
April
364,744,693
310,723,947
February—
First
103,335,204
260,909,40
January——
which
war
a
Japan in August of 1945.
items
Total
Refunding
*...
...."
......
Capital
the
was
successful conclusion with
a
huge total for 1947 and 1946
Of
New
1946
to
of
-11945Total
Refunding
and
came
aftermath
194
rtl946
New
Total
Refunding
1942
the unconditional surrender of
'
Capital
between
World War II which
657,881
BY MONTHS
-•>•194?—
New
most
$10,026,361,129; 1928, $7,817,877,031; 1927, $7,319,195,804;
and 1946, $6,652,069,681. We
may also mention here that
government* municipal and farm loan and government
agency figures* are excluded from the above totals/ but
are shown
separately in our compilation given on an¬
above,
a
Of the
the
years,
aggregating'
For corporate financing the
(
prominent role in the month's financing, the.
'total, comprising 57 separate issues for an aggregate
$417,319,050, or 41% of all emissions. This figure
^represented the largest monthly tptal ever recorded as
debenture issue,
i
Results for the Full Year of 1947
2,%,
!3Vs.% bonds and 75,000 shares of 4.50% preferred stock
••(Par $100);: $49,500,388 Phillips Petroleum Co. (1,007,517
shares> common stock, and: $20,000,000 Southern Cali¬
for new
financing was
&
3 l/z % notes; $28,000,000
achieved despite the. prevailing dull
showing was
able
Carbide
$100,000,COO .Goodyear
fist'and $804,521,175 in December, 1946. This remark¬
Market
Union
largest monthly total this
$554,347,159 in November,
the
with
compared
000
for December peached the grand
$1,009,294,814,
of
3
2,500,000
;
"
Entering
the
investment
Development
market for the first timo
the International Bank for Reconstruction and
Develop¬
mid-July floated $250,000,000 principal amount
of bonds, consisting of $100,000,000 10-year 2^4% bonds
and $150,000,000 25-year 3% bonds. The offering of the
securities was made by some 1600 dealers throughout
ment in
CO
/
97,36527
48,7250 17,3804 163,48 16
Refundi g 76,05 0 3^675,ou5 2,84,0
82,1850
39,07 0 7,80,85 129, 35
1,80 .5 3 4,203,7 2
14,23672
9,650 - 9,57,186 3,46891
136,78437
26,7150 3,795481 197,24891
Total
16,30452
26,7150 14,25681 157,26473
Capit l 8.43,0
S
New
Devlopment.
-
Total
$
129,50
8O0.OU0 1.05 ,0 5,3ob,<*37
Keiundmg 15,04 52 b0,0u
$
Capit l 14,05948 Ho*56,6o 5,38,437
DFYEMIOVBACRS
401,8560 651*6350 45,184 50
60 ,0 0
Reiundi g 29,102 3 5173T.70 4,082,41
Capitl 109,753 0 157684*,90 41,02.39
568,90
$
.
r
$
FMTMIONUANOHICNCPRFEALG
-1945
$
2,6 3,472
347,5691
254,0 2,587,40
75,0 0
2,63,472
651,4 70 134,bUOah 18,275
r
LAONAND
FARM 1946-
79,60843
167,3
20 ,0 0
Total
804,521 75 3,50 0 3,940 169,750382
Rethndlbgj 86,4179 26710,645 708,930
13,2974 3,50 3,940 50,27138 231,08 10
-S
-
-
Capit l 56,0-783 20,00 108,432o 17,56 45
S
$
857,03260 2,90 U0 56,49 0. 92,86 14
GOVERNMT, —
1947
45,21 0 10,461908 3,80,0
1,09248 1,5972
Reiundi g"S 79,5345 270^ 0 3,103,54
83,1269
CFOORRPEIGANT,
Capit l
New
7 ,2915 2,90,0 56,2540 89,76320
45,21 0 2,01,83 130,6 812
926,1785
'
$
19,47 064 810,7247
691,2368
New
Total
9,40 95 3,80,0
SOUM AFRY
*
80 ,0 0
Other
Total
Can dian
Loan United
Other Farm
1!
YEARS
SSfttamruahonicegpedslsy FTMODFAEHCNIERVBR
Governmt.
Federal
917*0,948
CISOTURNPHIEAED
GONREUPFWI
71,543150 164*516 Ilfo lo o
$
79,290
5,803,7 2 4,0 3,0 30 ,0 0
8,314 82. 1,*5061 6 *~*79l92 0 14,23672
1,20 , 0 6,38 ,437 42,0 0 17,50 0
50,13847 I.eoblo o 25,6156 136.78,437
Capit l 17,0 0 31,62870 18, 0
$
402,56
25,4 28 12,864 72 72.915,0 204,9 35 14,2059 4,"6 I60 2,650, 0 87,04 28
5,4 0, 0
47,20 0 413,85470 ilo ol o 15,0 0 95,30 0 5,70, 0 9,165,0 571*5,6 651,4 70
10 ,0 0 20 ,0 0
~T6 !6 6
1,50 , 0
3,975,0 20,43 85
14,95 385
51,3207
3,152, 0 5,413781 49,7650 172,9 465
21,394 35 30,86 946
29,130
l
1,20 , 0 6,38 ,437
60,75.09
5,4 0, 0 21,394 35
2,650 39,80 0 10,32 870
$
New
Total
5,18 ,437
67,450 182,960 83,6450 416*0, 0 2,650, 0 61,80 0
Refundi g 49,7650 15,3 10 64,8350 ilo ol o 216 16
83,12850
42,0 0 16,0 0 35,179052 Uio lo o 21,5* 16 16,304 52
2I7 5I0O 14,05948
$
-1945
6,523,0
80 ,0 0
Canada
95,701946 ilo ol o 25,*1 2506 347,5691
6, *5016 61,89 28
2,091 28 57,40 91 23,150 31,62870 48,71.563
167, 361
49,0530 82,36194 30 ,0 0 ilo ol o 17,834 81 152,87645 47,20 , 0 463,70 i,6 610 0 15,0 0 178,236 94 6,05,0 9,165,0 26 06 0 75,109481;•. 804,521 75
-•
—«-
'.
_
Refundi g 12,0 0 52,1670 5,60,9-17 4,250, 0 8,60,0 '. 31756, 0 86,4179
S
.
'...
Capit l 35,20 0 361,870 80,600!15,0 0 89,64083 1,50,0
$
565,0 0
531425,6 56,02 783
New
.
§§6
-. 14I750.6
'03918*7"-. 3,290, 0 26,8795 12,0 0 6,9170 : : : : 13,781562 4,250, 0 8,60,0 "*7081936 7,04 ' 13,29742
8,~13ol645
—
4
-
>
-,,.
■
—
-'7~1
•_
.
7
00
100!
"35l.,30 74,06149 30,0
10 ,0 0 20 ,0 0
1 2*91 670 14,5 481
-
125,960 35,20 0 396,8430 ilo ol o 15,0 0 164,5132 1,80,0 56,0 L29L07 68.09,481 691,2368
i
Total
$
20,3 0 460,8260 1,750, 0 l6,~0 ,6 193,20 15,0 0 9,50, 0 10, 0 156 6 32,150 857,03260
1,650, 0
1,250, 0 2,90 , 0
41,3762 7,687,50 23,15098 49,50 38 3,103,5 4 10,9*60! 2,61802 149,362 14 20,3 0 501,42 6 1,750, 0 157,0687! 218.065,98 64,50 38 12,653 4 10, 0 16, 16 56,018 2
'
Refundi g 15,903*610 7,81,835 8,"0 *0 31,5790 156 6 1,452,0 79,5345
Capit l 20,3 0 4 ,17890 1,750, 0 16I0 60 185,3165 15,0 0 1,50, 0 68,4210 30,6980 7 ,2915
$
New
270, 0
3,103,5 4
S
-1947
CHAARNCTDER
1,650, 0
1,250, 0 2,90 , 0
1,09248
3, 73,5 4
15,903610 7,81,835 1,* 0354 31,5790 li.o lo 1,72,0 83,1269
41,3762 7,687,50 23,15098 49,50 38 1,90,0 2,348012 145,98 60 20,3 0 485,16 52 1,750, 0 17,68*50 210,4623 64,50 38 1,50, 0 68,4210 1,90*0 54,296012 926,17.85
1,02947 botainyed DECMBR Noatens-d L;.ceopt,manufctres oimanufctrig htroaelddtiincngg.,, : Notaesn—d ceoptr,manuf acesorimanufctrig throaelddtinicngg.,, ceoptr,manufces orimanufc-trig _ htroaelddtinicngg!,, ceoptr,manuf acesorimanufctrig throaelddtiincngg.,, securit-
DECMBR bonanodtdses bonanodtseds boannodtedss 1_ corpate GovernmtInBteraainonk_lforegoviegrnnm,tGaangvdc,ie•IMsuni&cp_al—tSte.s,,SPotaseeisn toal fdiginfunuccrleorsdtes
OF Long-term Short-emPrefstroecdk ComstocoKn Long-termShort-emPrefsrtoecdkComstocokn. foreign- Long-termShort-emPrefstroecdk Comstoockn
orpate— Uom—estic Candian-
MONTH
(.
Refundi g 42,0 0 16,0 0 34,79052 1 6 ,0 215*16 15,04 52
I,50616 6
97,36527
5,18 ,437
80 ,0 0
\al
Tot
New
9
SfilnBRtteeacroaanestrsuk.di
16,200447,,757685391 fCE'Odbolmigaotnfnyts,
80 ,0 0
New
79,290
-
5,724, 82
8,43 ,0
42,0 0 17,50 0 4,150 1 6* 61 6 24,3*616 129,50
*
Capit l
2,039,0
2,590, 0 1,5061 5
316*75",0
s
-194
20,4385 Uipplnarcvietaedtedly
31,10
Total
4,0 3,0 30 ,0 0
2,84 ,0
79,2 0. 12,3672 4,03,0 71,84350 18,79 482 Ilfo lo o 1,50,0
9,3 9,482
New
51,320 7 12,039 0 254,80 82,19583 854,13 0
New
$
2,84 ,0
76,05 0
$
19,54 80 39,8415
»
85,03850
9,40 , 0 Ilfo lo o 1,50 , 0
4,0 3,0 68,95 0
Reiundi g 68,9516 6,810, 0 Ilfo lo o
-1943
*•
-194
$
Capit l
$
$
-1943-
Total
85,03850 5,27 Ou 7,051,72
Total
Grand
•These
OF
MONTH
Bonds coal, indausntrdl bueildtncgs, Intvreustmsn,Miscelanous SBhoort-nTdemsRailroads utiles sctoeall,,Equipment and indausntrdl bueildtncgs, Intvreustmsn,Miscelanous Railroads utiles sctoeall,,Equipment an.xdiutrs indausntrdl bueildtncgs, Invtersutmsn,Misce;lanous Railroads utiles sctoeall,,Equipment and indausntrdl bueildtncgs, itnrveustmsn,Miscelanous corpate
Long-Term Railroads Puutiblleics Irsoten,l, Equipment Maotnodrs
Total
Other Land,
Total
Public Iron, Motors Other Land, Rub er Ship ing
Stocks—
Total
■juier nand, Rub er
Public iron,
f
snip ing
Total
Total
Public Iron, Motors Other L,nd,
Ship ng
cu
Ol
to
Total
$
-
-1943
84,2750 38,0 0 130,7 98 43,079643 20,5 0
'
90, 62,095 432,19
17,0082,.965386 tlnocbliugadtfenssDfoer-vaRnpmtucdi.
90, 0 532, 60 259,481 36
S
Capital '261,37429 2,50 0 5,08593 6, 2963
*•
Refundi g 2,1709341 1,50 27,85.397 9,64,028
2,5089,38
672,48 693
14,820 234,90 62 14,20.
$
•
New
Total
$
4,8139,620 46,0 0 1,0387,91 278, 3945
Capit l
$
New
605,234 1,90,0 430,6958 26,51 9
2,50
'35248915,.2z0,600.
15,0 0 17,68270 60,729 73 2,96,875 1,32,347 82,04175 91, 20 380,95720 10, 0 203,658 4 1L846)0 2,96,875 3,125347
60 ,0 0
2,0 0
150, 0
520, 0
2.50, 0 2,38,380 1,07*54 80,67891 4,671*920 239634 91,748916 61,3240 18,91380 4^267,54 257 0,348 17*0 ,0 8,21,920 10,9(834
10, 08 750, 0 2,80,0
2 0, 0
13,50. 12, 3582 1,987,50 301*27, 1 10,3890® 4570 ,0 9,823,540 21,763*8 51,84531 62.70, 1,384 2,58 124,8750 738^521 95*83,90 241 5,0 46,50.0 932,540 1f7l8.3g6.
4,0 ,0 236 )472 5,4 2,50
3,50 , 0
45,031
50 ,0 0
568,90
226,365,744,09
2 0, 0
612,70 1,26490 12,30. 435,02 0 5,70 0 24,150 1.50,0
Refundi g 524,850 13,80 207,6 024 43,06714 <4,150
1,23649, 2
$
-194
845)1092),5l7,0,60
2,09 3,41
New
$
4,3976 80 38,250 1,2684 ,30 804,36701
Total
IBNPMErpuaondleomanvswictrdfkdfl^USiNPtoaevniowfc,
26,10 0 470,89167 0,5.
7,50 , 0 7,942,50
-
T
-
1,5061,50 2,175890 204,750 2,740, 0 3,0 ,0 579,102 209, 0 25,90 35,0 0 13,020 145,80
126,950.
1945
•
7,841,0p
127,45-0 952,4857
New
Total
$
:
4,65189,30 69,250 843,158 6 65,38149
~
Capit l
OCORPFATE,
e$,50
New
$
3,4 07,45 64,390 589,21543 619,48503
521,50
50 ,0 0
Refundi g 1,38 1.50 197,03 0 348,79 624 153,80 76 24,590 26,509720 4,32,0
2,08613 2
60,35846
SUM ARY
40 ,0 0
1,50 , 0 46, 0 0 5, 30, 0 18,31784 9,752, 71 30,65794 720,1 27 96,289452 14,"850926
729,8 0 1,6475,0 180,79230 8,0 ,0 157,0 940,3180 59,70 35,804 0 41, 450 16,320 179,68 50
2,50,0
Refundi g 604,2950 672, 94 69,31064 247,60 25 21,08427 27,8690 50 ,0 0 9^~320 32,09 602
Capit l 125,830 674,83706 1 ,48160 8,0 ,0 157*0, 692,7351 74,31573 7,935,0 40,9450 6,90,0 147,58 9
Staes.
436,0 0
60 ,0
$
"4
269,50 2,630 ,450 10,250 10,36250 3,0 0 871,205 29,50 79,21 0 176,90 15,0 0 209,750
40 ,0 0
Refundi g 29,80 0 90,7 185 28,0 0 3,o :56 12, 095 6,45,0 6,71 0 56,790 15,0 0 8,210,15
20 ,0 0
20 ,0 0
60 ,0 0
5,70 , 0
14,,629356089305
Capit l ' . 239,850 1,7295,6 73,250 10,36250 30, 0 748,950 29,805 12,50 120,310 201,56485 3,459 0
7,6093,7
«t-
s
2,0 ,0
S
-1947
'$
'■
New
2,719,5 7 279 8,65 34,7 362
32,410 5,625,0 *"~8lS/7l8 21.05,8 —10,975
2,081657
601,3 28 604,2950 1,29674,105 74,935640 "8127 18 468,5'10 531,9 427 27.8690 3,219,57 12, 065 6,8694
,—; 35,170 36,21 0 142,8 547 20,63462 208345 2 715,3986 26,4283 6.098,30 9,539,3 1,34,751 1,65 16 37,2 183 125,830 817,04253 132, 632 8,0 ,0 365,9482 1,408675, 1 10,93856 14,73 0 5G,$8M3 1,34.751 18,5 JL56 520,35081
7, 0 , 0
$
2,1 4.0
x-—.
New
Total
729,87 0 2,145 ,38 207,51962 8,0 ,0 36,758 60 137 ,581 63,18723 42.60 30 53,704,30 1,34,751 30,76581 586,92 045
35,2 0 38,250 465,294.658 26,5962 209,"58760936, 178 37,4 283 6,798,30 12,59 30 1,3 4,75114,63 ,81 372,0954
50,0 0
60 ,0 0
237,50
4,3 2,0
1.384,6 0 2,8564, 7 203,5702 68,05914 215.4,691 24,590 3,09720 16,85347
154,690 7 64,72589 123, 0 1 ,7537 10,68956 2,740, 0 3,9804 631,75283 90,4671 -1.46,0 16,841206 57 0 ,0 241,68943
1,50 , 0 1,90 , 0 5,4 0, 0 26,3190 3,218,269 3098)04 01,45 327 34,8754 87350,926
2.064,0
$
21,342,00374186
2,740, 0
1,507691,80 2,39740,8 214, 721 3.6594 1,298,37 34055.6289 25,90 49,850926 13,020 408,9720
80,30
4,50 0 15,12765 6,534,0 2 "237,50 319,25 890 61,4 905 6,50,0 106,45 83 65,023 45
4,0 0
40 ,0 0
S
-1946
261,47290
60,9250 69,250 497,180 5 14,70 0 28,36 40 59,48 172 34,580274 6,30,54 3,90 , 0 164,9867
3,0 5,0 5,235,0
60 ,0 0
3 -03,5 4
214,827 48,0185
372,1,580820,9453
87.9450 48,1603 10.487,50 2 0, 0 39716^957 52,71 53 1750 0 0 57823,540 68,371,93 672,48 693
23,16 72 1,087,50 163,97 81 10,3890 9,823,540 14,97,513
2,0 ,0
?.
Total
1,520964 2,09716 CGAHRARONUPTDIEN
25,0 0 10,273497 4,7523,08 82,1 0 250, 0 30, 0 239,450 2, 543,709 26,80 0
—
New
83,0 0 421,7650 43,89187 29,0 0
39 ,0 0
1.50, 98, 6910 137,09.14 45,0 0 6,816,375 287, 245 534,825.0 1,364,52 13,80 3*5,67 14 43,06714 24,150 45,0 .0 65,96375
,—
.
Capitl 17,80. 85,46318 7,41,30 2,740, 0 3,0 0 230, 2496 5,1924 1,461,0 8,49028 8,70,0 85,491536
25,0 0 10^273497 §82,1 0 250, 0 13,0 0 61,250 2,69 2,86 5,80 0
Refundi g 1,23 4,850 5,235,0 24,867043 35,901 4,978,5Q0
$
-1947
39 ,0 0
80 ,0 0
$
FGtlonevcedrnumdraetsl, §CInocbliugiadtfesy
the
90 ,0 0
Capit l 2,0478 512 36,21 0 741,9 81 729,65742
.
53,0 0 73,905 208,53 09 760, 0
101,50
7,50 , 0
10, 0 750, 0
50 , 0 4,0 0
$
obligatnsMref
53,0 0 861,50 1,6049,16 760, 0
.
Refundi g 2,349j7528 2.1 4,0 526,478569 74,30259 126,950
s
-1946
90 ,0 0
r
2,0 ,0
36163,,25025768747*29113 3,68918,950247,4,70605139953268425 EMTIFSNCTUNOOSONHDRHAEP2FRWEASDE 244,,08,62546908731563.0751
FTMGLAFF1IOUNOOVHARECRE2NRIPEDMGGNLT, bSfortamoaungiciyneepdlstysBCAUErualoswrcdkd4
Total
I
i
Capit l 87,9450 24,96358 8,50. 0 20,0 27~58,976 42,63853 1,50,0 53,42)0
$
50,180 91,70 32,84350
2763,472 5,42,50
•$
'
5,0 ,0
6,258 74 150, 80 937,80 794, 067
4,98570,21
•;_$
r
Total
21,465839*70 FYDEOIAVRCS.
MEDFY3NOIAV1TCRHS*
Refundi g 4,23681,76 4,50 0 603,45 9 52,7 286
$
-1945
15,0 0
New
21,0350 418,30 40, .156 7,490, 0
Capit l 425, 087 2,0 ,0 132,7 43 91,259863
50 ,0 0
Capit l-'.v 61,3240 15*308, 0 3,250, 0 520,0 15432L 9 17,0 0 150, 0 3,50, 0
3,18*07,531 t21.035 43,150 £38,90 18 21,70 0
$
-194
520, 0
38,0 0 20,6 10 1,07,54 14,08692 6,98,795 4,329, 0 173,90631 152,4360 39,148.60 14,267 54 460358)692 17,0 0 1,96.0 10,58795 14,230
9,7 3)0
$
United Bank
2,5964,0 .3,50 410,83640 10,23891
-$
37,0 0
Refundi g 91, 20 362,7450 10, .0 127,98571 1,846)05 1,793,0 605,4 071
-1943
Staes.
89,3 0 175*41,35
37*82,345
New
Total
1,0 ,0
•-
Refundi g 587,4 071 15,0 0 75,62 035 6,416,80 18,0 0
520, 0
152,4360 378,0250 13.250 28)45o 0 17,0 0 1,96.0 3,50, 0
869,0750
Total ».
708,930
11,,458009327753
269,50 3,1276 ,5 10,25 0 24,836250 61, 40. 1,4380672 53,80274 85.74,65 17,50 18,90 0 435,9867
14,3108 280,76 154 29,80 0 1, 509,62 28,0 0 3,0 ,0 172, 835 6,45,0 69,8465 56,790 15708^930 25,376123
57,890 64,390 28,357 8 14,70 0 28,36 40 51,48627 234,580274 3,20,0 3,19,07 150,67 9
850, 0 ,51603 250, 0 ,836250 6 6,4 0 085,837
1.28,4907
239,
73,
2,012,
24
58,
1,266,
,385274 ,710 ,9210 3,19 ,07
15,
527
120
fundsNew manufctrig— etc.—_- hoeldtcin.g, — manufctrig- —-hoeldticng., manufctrig—. —~hoeldtcing, —. manufctrig-^. holding.
63,642,.0195588657472.0713
6,274531
102,9654
410,254 4,752308
MED3NOEN1TCHS.Owyorite— Domestic-*Lbonogan-tedrsmShort-e—-m. stock-; stock——- bonanontdedss.1.S1hort-e—m stock stock foreign— boanndds Short-e——-m Presftock-d— stock— corpate-— Governm t HBInatnerk-aio l forgoeveirngmnt. LGoaaagvnendn,Municcpal—tSes,,UPnoisteed-Sian.s toal-— Ifdnignculuoordeest QMoanibtofbc,, MDE3ONEN1TCH.S LNBonogoate-Tnse-rdms — utile—s Secctooepa.ll,,,Eqmuaniupfcmtrees—n:t anoid. indausntrdl ——- buildngs, *-— — Ittnrrvauesdtsminng,,Micelan——o-,us NBSohootaernts-Td-esm utile—s-. escoottpe.alrl,,, Emqaunuifpcmees-n—t anorid indaunstrdl beuildtcngs, ;—, — ttrInravuedsstimngn,,M:isc—elanous utiles. ecscottopea.lrl,,,Eqmuanipufmtent aacesnorid. indaunstrdl bueildtn—c.gs, — ttIrnrvauesdstminng,,Miscelano—us ■ utiles. scceototepa.llr,,,Eqmuniupfmen-t aacensordi. indausntridl —_. bueildtnc—gs, —ittnrrvaeusdtsminng,Miscelan,,o.<ums csoercpuraittea
12
Pref red Com on Candi — Long-term Pref red Com on Other Long-term Com on
.
j
•
.
t
Grand
Total
Can dian
Other Farm
*
•These
Provinces
Total
12
Railroads Public Iron,
Motors Other Oil:-— Land, Rub er Ship ing
Total
Railroads Publiciron,
Motors Other Land, Rub er Ship ing
Oil
Stocks-
Total
Railroads
Public, Iron, Motors Other — Land, Rub er Ship ing
OU
Total Railroad^ Publiciron,
'•
Motors Other Land, Rub er. Ship ing
Oil
Total
en
ft
Monday, January 26, 1948
FINANCIAL CHRONICLE
&
THE COMMERCIAL
(426)
Ind.
Add
Aug.
1946
Other
Add
Aug. 1946
Public
Add
Aug. 1946
Iron,
&
etc
Add
Aug. 1946
Public
Utilities
Add
Aug. 1946
Other
Ind.
*
&
*
Mfg._*
Add
Sep.
1946
Land,
Bldgs,
Add
Sep.
1946
Public
Utilities
Deduct
Oct.
1946
Miscellaneous
Add
Oct.
1946
Other
Add
Oct.
1946
Land,
Bldgs,
etc.—*.
Add
Oct.
1946
Other
Ind.
Mfg._*
1946
Oct.
Add
Ind.
Other
Oct.
1946
Oct.
1946
Add
Oct.
1946
Other
Add
Oct.
Add
1
:*
Aviation
&
&
Ind.
&
*
Mfg.-*
1946
Public
1946
Other
Ind.
&
Other
Ind.
*
Utilities
Dec.
Add
&
Dec.
1946
Add
Dec.
1946
Dec.
1946
Dec.
1946
Other
Mfg._*
Add
&
Mfg._*
Miscellaneous
Dec. 4.946
.
Ind.
Add
Dec.
1946
Dec.
1946
Other
,-
Land, Bldgs,
Add
Ind.
etc.—*
&
Mfg._*
'. -
.*
4,750,000
>':
Mar. 1946"
Oil
Add
May
Other
—i
——
Ind.
Textron
1
400.060
American
*
' '
Miscellaneous
Deduct
May
1946
Add
Oct.
1946
Deduct
Oct.
1946
Add
Dec.
1946
Ind. &-Mfg._-;
Other Ind. & Mfg.—:
Public Utilities-,.—
Add
Dec.
1946
Public Utilities
Weeden
Other
2,600,000
♦'Indicates issues placed
-150,C bO
-1,500,000
)952.
notes,
Y
-
"
550,000 77.
notes, due Aug. 1,
Works
1957.
Inc.,
Co.,
$1)840,000
1932.
Ap«x. iShielting
ferrecl
:'
Co.,
stock
2,500
;
the
calendar
1,166,496,166
1944
LJ_
—
1941
1945
guished
from
refunding
greater than for
purposes, we
any
operations,
year
since 1939.
substantially
was
For comparative
ous
give the following tabulation of operations
for the past several years:
\
/ '
,
the
;
war
loans.
;
,/;>v.
;
Baltimore
Sept..
BY
-1947-
New
Total
$
January—.
214,861,791
"97,481,574
225,793,SG4
1,203,116
1,583,000
*98,684,690"
294,129,016
2,643,000
*404,424,772
"106,288,433
March—
10,932,073
"401,781,772
February
*1,405,643
*.2,473,631
*107,694,076
*
292,546,016
April—
May—:
i..
June—
211,543,277
Total
6
months
*.
July-/
September--
Battle Creek Gas
31,179,000
.10,023,500
102,967,421
46,923,000
108,135,852
16,120,300
149,890,421
124,256,152
454,041,860 ) 130,158,300
214,016,908 »
,584,200,160
20,240,463 1.344,743,326)
11,463,154
135:892.501'
..2,9464)24
188.427,319
December—
71,343,748
98,697,497
*79,922,850
6,340,591
64,207,783
277,694,429
71,407,850
118,439,612';
22,534,000
8,362,500
V,
-
87,442,931
24,001,899
149,982,p00
71,344,058
,
19,150,035
29,934,500
9,120,500
7,792,500
27,653,214 '
"
42,565,790
124,4^0,000
7,680,000
218,409,026
684,291
Total
ninths—'—
12
months-'—L.
"Revised
Cp,: 1st
Inc.,
l,
'
;
1067.
1st
•
487,116
4,793,014
.1,897,603
102,633,801
'
2,021,813
101.461,908
1
16,605.400
'
49,150,000
69,486,300
'
119,479,064
924,549,370
23,608,724
2,225,443,709
'
498,200,997
43,849,187 2,269,292,896
1
•
88,013,250
875,000
37,421,703.
! 50,025,600
»
71,465,300
>169,750,382
1,979,000
50,271,318
28,892,195
34,161,742
79,608,438
676,296,006
'78,095,009
'
952,242,857
Loah
bonds,
1,
%12-year debenture luan, due
^1
notes
/
int.
(average
'•
bonds."
about
rate
*
$1,200,000
(May).
23/4 %
1st
mtge.
Co,
"
«•
3 Va %
bonds,
.•
series,
•
'
1?4%
.•'-
Serial
(July).
)•,•
•.
;
■
...
1948-1956.
annually
$6,000,*
due' 1954-62.
debenturesj
Y
'/
:
-.
:r' '.
^
(March).
/
'•
(June).
due
notbs,
•
$3,000,000
,
$2,000,000
promissory
.
1977.
due
,
Bridgeport Stas's Co, 15-year 3'/2%
000
)
»
,
preferred stock.
Bell, Inc., 4%.%
sic,oc0,000
J1;;/';.
due April
notes,
promissory
Y
Cor>)3V»% promissory notes, due Oct. 1, 1962.
Borden' Co,
r
Corp,
(June).
.(December).,,..
Bliss
j;;V
"■
"Broadway Deimrtment Store, Inc., 2Va %-33a% serial promissory notes,
due 1848-1967.
$3,000,000 (May).
'*,
;
36,773,714
./50,858,200
/.
Brothers
$600,000 '(October
Incj-,1 33A%/ sinking
L
t
Branner
$400,000
-1.4
Manufacturing
/ 1962.
•
Co,
(March).
9,461,600,
38,330,600
*
7,132,000 /
<
•
,
,
2,58^400.
:
Eurdinc's
^.46,882,703
'•
,
<
67,222,795
41,293,742
82,195,838;
I Burger
3'/2%
Jnc,
? Brewing
'
v
4•%
fund
,)*:•
'
./
..
;
.
fund-promissory notes, due
sinking
v
:
:
-
1962.
due
debentures,
,)"
.
20-year loan.
Co,
3Vi%r4%
..(Marfch)//;'Y. Y .
Buriihgton Mills Cbrp,
252,488,141
1
308,253,309 1,160,496,166
470.897.167
.•'OOO^OOO;(January)/
-:96v11766(FI/348,605i641
M- ;
slnkihg
794,740,667)
' :323,843,500
/ ;
Private Sales of Securities in the lfear 1947
j
:
'>
•
/
*,
fund
notes,')
Y:7 •'
;f Vterly instaUmentd>*$268,000 (July)/i
■
due
/
;
,
$1,400,000
'
..')S).v
$15,*
1952-19671
-
4•
'(February):
&
/
;•
Y:
Telephone Co.; 27/s %-bonds, due 1971.
" *-!•••
•:\J'
.
$575,(500
vv''$1,000,000
Co, 4% secured notesYdue ApfiJ 1, 1962.
*'
California Water
Representing New Financing
.
Y1948-1963.
due
•4,y -
J July);
$1, C50,000
bonds,
Y;
'V V
i/'YYVHtnlington1 Transportation Co.; 3^2%-promissory note/ due in 80 quar-
t
.
iBush Manufacturing
occasion that owners of large blocks of
which have been
outstanding for
on
sometime,
desiring to liquidate all or part of their
holdings, prefer
so by
making a public offering of the securities
involved.
'
-1,,
'
,
security issues placed privately shows
that 372 issues of this eharacteraggregating .$2,123,293,-5
285 were sold during 1947. This ranks
amongst the larg¬
'
est
in
total
of this
ings
those
totals since
1942.
Of
course
,
them
separately,,for whatever interest
the table below:
ISSUES NOT
1947
$
January
'
REPRESENTING
1946
$
8,624,260
50.583,647
February
60.941,349
March
20,646,783
29,759,176
53,842,637
21,820,596
93,147,746'
49,233.458 139,002,825
53,128,199
82,694,972
—
June
—
Tot. 6 mos.
—
i.
24,234,648
August
10,880,842
September-
20,776,075
53,989.592
October
28,268,700
10,867.910
5,289,157
December
—
-
-
NEW
1945
$
FINANCING
•
1944
-
•
s
they
37,637,292
Tot. 6 mos.
132,665,467
27,828.491
38,792,030
and does not include bank loans.
.
1043
Feb.
due -May
Central
s
Central
due
Acryvin
Ccrp: of
14,759,867
7.798,632
18,847,200
11,227,634
20,830,370
$1,000,000
13,558,036
29,335,332
34.0B5.577
Air Reduction
56,8100,664
America,
b4,000
Aerovox Corp.
5,215,128
48,928,372
46,454.669
9,578.026
17,030.551
17,146,853
(July).
;
12-year
(January).
;
.
;
■
<
shares
stock
of rcapital
' ..
;
r.
' - , ',
sinking fund loan due Jan.
7
,
2%%'
Co., Inc., 20-year
(September).
•
stock
26,816,407
Aldens,
-.
-
27,508,916
$4,200,000
Allied
5.494,001
$1,500,000
Aluminum
21,041,519
15-year
Co.
$40,000,000
of
debentures,
*
—
3Va%
note
due
Coach
American
Colortype Co.
(March).
Body
Co.
Nov.
I,
serially
to
promissory notes, -Sue-Jan.
10-year
-
-
4%
:
loan.
.
*
*
I.
;..'.v
$500,000
633,947,615 446,060,553 278,689,244
264885^97
•
$1,825,000
3V4%
notes
due
serially
March
1,
' 7
bonds, series
r
/- '/;<"
Co..
1st
mtgfe.
' '
3%
bonds, series
'
-
■
Power
Inc,
Co, 1st mtge. 27/8%>
'
B 2T8
mtge, bonds, Series
1 'k
V. ;• '■
Electric
Co.,
notes,
i.
due sem
15-year
(July).
$1,250,000
cumulativfe preferred
(Juno)/
loan.
/
%, 0U
(
West
$2,000,000
B, due
bonds, series
«tioO
stock, 1947
"
;
series ($
./
.7
-
$15,obo,OOC ; (December).
'
I.
T,
Financial
Ccrp,-
1 Vu % .note,
due March
1,
t
.
$50,00
1950.
(February).
Service Oil
Co."(Del.), 2%%
(October).
sinking fund
debentures, due
•
,
/Tine).
$750,000
Hobbing Machine Co„. 15-year note.
$500,000 (Decern
Cltfton-Forge-Waynesboro Telephone Co, 1st mtge. 2%Vr bun s,
;-Oct. .1, 1972, $500,000 (November).
•-•
.^g
Coast Counties Gas & Electric Co, 1st mtje. 2^4% bonds, sen
Grave
Vault
Cb.' 3V2%
notes,
due May
1,
1962.
^
Cleveland
1967.
-
series, due
3%
;
..
_
Chicago, St. Paul, Minneapolis & Omaha Ry,;l34% equipment
certificates, due Oct. 1, 1948-1957. $1,360,000 (September).
Clark
-
1955-1962.
dfebentures,
■
bonds, 234%
mtge.
.
w
,
,
Tot. cal. yr.
358,172,475
'*•)
I.
.
1st
;• •/
$800,000. (August).
Light &
South
$20,(00,000
1,
-
(May);;
Electric
1976.
Chicago Corp,
Cities
'
June
<
par).
C.
*
1962v
v
•
tiue
common
.
America, 2.55%
(January).
&
fund
•
15-year
&
Century
;.
•,
•
1st mtge
$400,000
Cherry^Bufrell Corp, 4%
«
(July).
American
121,387,576
sinking
(December))
Laboratories, Inc..
1962.
31,149,987
3(r
Co./
stock
debentures,, du#
•:/ '
sinking fund
fcorp, 3% unsecured - serial notes,
annifally Jan. 1, 1954-Jan. 1, 1959. $2,800.0Cd (August).
57,500,000
B:
Electric
Louisiana
Ohio
(April)./
preferred
Co, Ind,
( April).
(July)..;
1976.
1.
S Y
'•
■
$850,000
:v'
2%%
30-year
1971.
$5,000,000
1, .1967.
;Y
,Feb. '1/ 1877. '$4,100,000 (January).
.
.
$2,500,000
Electric & Gas
Louisiana
Aug,. 1,
Central
s
'•
April
Co.," 3%%. 20-yCar
Centra^ Ohio Light •& Paper do, 1st
;
Feb. ,1, 1977. $500,000 (October).
,
1948-1959.
•
Paper Manufacturing Co., 40.720 shares of Class
(par $10).
$1.000,083 (November).
\
Inc.,
due
Central
$1).
:
debentures, due .1967.
'
.
(par
.
1,
Albemarle
'
9,376,746
40,015,470
59,673,542
20,876,967
51,230,748
$81,000
1967.
Illinois
Aug.
Central
-■
.
.
;•
1,
Biscuit
1977, $2,500.C00
Following is a list of all private iSsiufeS which we have
reported during the year 1947:
«
i r
'
>
:
;
{
49,139,381
137,133.662
j
.
...
,
Telephbrle' & Tblegraph Co.;
1, 1977. $3,000,000 (March).' v
Carr-Consolidated
-
23,535.222
194,029,005 230,303,135
so
i-J
,
' /'
(!fti'o)inh
.
19,246,378
12,592,080
>with: 25;2%
^
Inc.;l"Toah,y? due
Ale;
of 334% cumulatiye first
$10,000,000 (September).;
'
"
*;•
/.(par $100),
,
misunderstanding of
compilation is only of security issues
52,313,953
54,491,514
44,765,017
2,453.896
29.005,686
compares
>
Ginger
; )
v.
••../.(December)'., \Y
Y//:
.Carnation Co,) 106,000 shafes
started
we
Dry
(April).,
vYy/iV "
;1. Y /: f-'
:i>. >
Canada, Df:y Bottling Co...of .Florida, Inc.r 10-year 4% loan.:
sales, it might be well to explain, comprise
securities: issues not publicly offered bpt sold di¬
42,486,670
14,903,823.
Canada
in-
also to be made clear to avoid
any
the figures, that the
,
,
issues' involved
rectly by negotiation to a relatively few large purchasers,
ordinarily insurance companies and banks) :Nb distinc¬
tion is made between private and
public issues-in our.
detailed compilation of the capital flotations.
It ought
results
225,507,638 439,918,610 215,757,428
141,555,582 143,497,621
41,852,919
26,276,816
November
»
since
of
Private
the
.on, their own account, and present the
^na?u
in
nature
financing and
placed in 1946.
companies
whose securities are
involved receive no part of the
proceeds of the sales. Such
offerings as these have no
place in our compilation of new
issues, but. we have
tabulated
number
compiling
these figures separately in 1937. The 1947 totgl of4 issues
placed; through; the private route amounted j to 38.8%*
of all corporate
our
and
amount
placements
;
*
in
California Water & Telephone Co, 1st mtge. 3% bonds,'series due
/' $1,000,000 t November). • "'
'
" i
-
Our record of
Likewise public utility
holding companies Wishing to
comply with the Utility Holding
Company Act dispose
°L •lr holdings of subsidiary companies thrbugh public
offerings.' Similarly "special offerings" on the several
stock exchanges are included
with the secondary offer¬
July
^ v ^•'Y''Y;Ur
3%- series, due Dec.
_
"
mtge.
•
900,940,846
to do
May
$400,000
1
happens
securities
April
stock.
v;/'Y'-.
j
.
,.,>-j(May);Y Y.,
It
1
1957,
cetrtifidates series V, due
trust
mtge.
Co.; 1st mtge. 3%
Electric
$ LOOO, 000
Blue
v
figures.
Issues Not
1,
.
(January).
; $20,000,000
m -v.
Total 6
preferred
April
v"-/.;;j'
equipment
(December).)
Industrial
/
31,248,600 L 66,450,540
',
7,358,500 5 -,44,560,023'
37.201,523
.
Behfeficlal
227,726,000 ,1446,135,026
35,202,540
132,150,600
64,892,674
serially "to
due
$5,600,000 (August).
/
173.983,899
49,084,535
•*■
notes,
Packing Co, 20-year 2%% promissory note, due $500,000
annually-1958-1966 and $1,500,000 Feb, 1, 1967.
$6,000,000 (Feb-
ruary).
7
121,231,497
14,703,091
■
,1953.
$600,000
-Y/;■ ..-'Y
'
277,207,313
Wovember—'J.
2,912,000
23,000,500
1961.
j.
-
4V2% '.cumulative
(October).
♦
15
.
due
Beech-Nut
.
Total
Refunding
r$
'
$
61,320,558
,
Capital
June
;.v
"*
•-
promissory-note, due June
,:/'Y
' y
v.'vv;-:-
$1,500,000
Brbcleelman
1,324,502,863
113.646,598
100,736,198
99,440,095
.
*/—
October
New
68,431,748
56,922,350
56,263,031
185,481,295
—
$
,
124,429,347
August—
Total
8
$
3'/2%
RR, 2%
Refractories,
3(2%).
——-1945
Refunding
Capital
;
,due
■
.
^
Co, 3%%
.
Ohio
MONTHS
-1946-
Refunding
due
(subordinated)
)
'
loan
Co,
$1,000,000
(E. W.j
New Capital
C
due semi-ftnnually 1952-1959
e.,..
v.-i
1943-57.
Birmingham
FIGURES
$600 000
series'
bonds,
3junior notes,
v
r
' ..•.
'
& Seelig Manufacturing Co, 3V2
serially to 1959. $1,000,000 (August).
.
MUNICIPAL
OF
lean,
BaricV
.
SUMMARY
notp<;
|july).
* V'.
7
Engine
Hydro-Electric
•
1977.
VI.-'"
"
promissory
10^
Co, 1st mortgage)bonds, dUe 1962. $2,000,000
)•),;
,
•: J',/•.
'*•";
•'■. -).'.f-'v'-,;/'; Yi,
&
1,
Bangor
Basic
1
Ai;Ballard
(October>t
.•
bonds
serially July
•
/
/
-,a
Products
April),.>'-y:.
Ballard
(December)
.
(July),
(April).
$7500000
'
debentures
.
Co,
$500,odo
Automatic
BeloW we present a tabulation of municipal financing
by months since January, 1945.:.
rJ • 7
I."
*-
1957,
1943-1955.
3'/2%
4,6%)'imortgage
Products
nrnm
.
,
;
.
income
: - -
Automatic
csnnn
s,0'uu°.v
collateral trust
"
j
Diesel
$2.500,too
..
1962
(July).
$35,000,000
Investment^ Co,
Imperial
dUe
«nc/v,„
.s
•
>
mtge.
..
Go, Inc., 336%
Products! Ccrrp,
1962.
tablesy and all simijar
above
&
(March).
;
Atlas
^^^93Q,822,000
1st
cumulative
/$5,OUO.GOd (August
/Atliey'
.
distin¬
as
with
1..1972.
Hoffman
Associates
->
subsequently been resold by such bureaus to. investment,
bankers and dealers.
Moreover, the/totals exclude all
bonds that reappear in the market in consequence of
portfolio sales by banks, insurance companies, et al., and>,
public trust funds. Such operations, it may be added,
were extremely heavy in recent years with the proceeds
usually being employed by the seller in the purchase of
Treasury securities offered in connection with the vari-;:
Sales during
capital borrowed during 1947,
new
195,079,000
1,125,901,000
taxing units to private investors and do not embrace
loans placed with any Federal agencies. /These flatter 1
are
included in our tabulations only- when they^have;
1944; $435,223,191 in 1943, and $523,704,607 in- 1942/ The
volume of
Li
Nov.
Arnold
figures for that matter, it should be made clear that; they
represent only bond issues sold by states apd municipal
$794,740,667, contrasted With $638,909,818 in
were
259,481,836 7 "Y> 175,741,355 l8l,264,204 -' ^"342,44O,3l3
952.615,173 f434,509,900,! .518,105,2.73 /;
1,234,912,402
' 477,764,723
? •757,151,679*;
—
-
In connection
to the payment of "bonuses" to ex-service vet¬
,
1,
notes, due
(August).
(December),-
3'6%
Co,
$400,000 (August).
523,704,607
:
1039
II, by several states.
638,909,818
due
;
-
435,223,191
.
—_
year
of World War
erans
794,740,667
194$
l942_LJ_i___—LY—.»
1947, the record reveals th^t
borrowing by states and municipalties aggregated $2,269,292,896, nearly double the $1,160,496,160 reported for
1946,* which was the largest achieved since the, .sales
of $952,615,173 in 1941,-a prewar year.. The exceptionally
large volume of borrowings in 1947 is due in no small
measure
■<• > New Capital:,
$43,849,1871
$2,225,443,709
208 253,309 Y-V 952,242,867
323,843,500= i '1 7470,897,167.
404.000.156. .7 Y'234,909,66?
Refunding^
-
&
^
Shares of 5%' cumulative convertible pre$250)000 (December),
\ 1 ;• •.
■',
$109p.
(par
$1,000,000
*
1
1937. $7,500,000
10-year 3%
(October).
$15,000,000
Processing Co., 3'/a%
&
267,900
1977.
Grand Total
1940—
For
:
,
Aug.
Smelting Co.,. 3%
serial debentures,- due
(December), :
)■
') *• {'.-Y.
• 7
;
privately.
1945III———III•—c
Municipal Financing for'1947
T'
due
;Apex
":
,
>
5-year 5% 'convertible
(April).
$225,000
,
27/s%
Smelting Co.., 3%. serial debentures.) $800,000
1,200,000
rw
stock
notes, due May
Apex
1,412,250
$2,269,292,896
fied in the Bank's Articles of Agreement.
common
3)6%
4,000.000
—
Year—
said to be the largest number ever co¬
operating in an operation of this kind.! The Bank had
its inception at the Bretton Woods Conference in 1944.
The proceeds of the $250,000,000 was used ift the general
lending operations of the Bank for the purposes speci¬
Of
SE.ectrical Manufacturing Co., 15-year
due May 15, 1962.
$2,500,000 (June).
-Armour
country,
shares
■'
Yarn
thrdugh
due
'
Arkansas-Missouri) Power'Co.,
the
notes
sinking fund debenhirPt!
' < /
8'
Development Corp.,
C<i>.,
Water
American
r,
ec'
serial
..
■
„
Qnn
'3UO'0°0
Hha
!
•,
4%
.
si
'
■-
due
due ' Sept," 1,
500,006
Inc., 15,000 preferred shares (par $100>—-w
+of America, common——
—
——r-,—
California Water & Telephone Co., preferred (par $25)——--—iCenti-ai Telephone Co., preferred——
lgco
debentures
-
Co., 15-year 3%%
Stores
American
1948-52.
V 51J5'000
American Stores Co., 3%
1,250,000';
Corp.
r
•
•
1
J','
(August)%
r
3.0C 0,006
.4,200,000
(Oscar) Mayer & Co.,
Scya
Aug.
2V2%-3% %
67,500
Co.,
.
issofy; notes,
1,812.000
>
2,200,000 V
—
* '
1
'
I
"
'(June).
000
1,500,000
,
(May)
$1,000,000
Amerieaiv & Overseas
9,600,000
due
subordinated
(January),
Maracaibo
American-Marietta
^
1,500,000
(January).
Supply! Co.
$750,000
1962.
(June).
1,500,000
—
Southern, Inc., class A shares (par $1)
Co., 47c
cumulative preferred——'
dcbentures,
Aue
*
'
'1,188,000
5%
Apex
Valley Osage Oil -Co., class A stock—:
•
&'Mfg.-*
1;
American
; 450,006
400.060
■
1946
Feb.
-1,260,000
-
1,000,000
note,
'
Co.
American Iron & Machine Works Co.
Stocks
Deduct
fund
due
'
3Vii-%
Co.,
Supply
Hospital
1947- 19GL
;
.1,051.060
1,000.060
Pulp & Paper
sinking
?
'
-
unsecured notes,
•
$300,000
American
:•
100,000
(September).
■i; 1966.
650,000
1,700,000
*——
Dobeckmun
Oil
Add
/■
■
..
750^000
Co., 1st mtge. 27c bonds, series C_
Co.,. 3%7c unsecured loan, 1949-1961—:—-——
General Motors Acceptance Corp., 1^4%
serial notes, 1948-1955—,
Midstate Oil Corp., loan,
due 1947-1955—
—
• ■
Oxford Paper Co., 3.107c
debentures—
———
Rexall-Drug Co., debentures, due 1965—
*•—
318 Adafns Building, Inc. (Chicago), 474% mortgage loan
Tung-Sol Lamp Works, Inc., notes, due 1952-1961
—
Brunswick
Mig._*
Miscellaneous
Add
notes—
Co./ 2%
Rubber
Hard
'American (Hospital
'
Co., 33t»% sinking fund bonds, due 196U
—
Chesebrough Building Co., 3%% mortgage hcfte—
Y/.——
Bakeries Corp., 41/2% debentures, due Oct. 1, 1956—
I. T. E. Circuit Breaker Co., serial notes, 1947-1961—±
Nashville Gas & Heating Co., 1st mtge, 33/a% bonds, 1966
Panhandle defining' Co., B-year guaranteed 4% note, 1954—..
Sundstrand Machine Tool Co., 3% 7c debentures, due Nov. 1, 1947-1956—
Indiana Associated Telephone Corp., 1st fntge. 3% bonds, ]975_;
*
—
10-year 6%
Inc.,
6,500,006
980,000 ""f
1,350,000
Interstate
Mfg.,"
Utilities,.
Oil
Press,
3J/a%
(September).
$600,000
American
Brown
Mfg._*
&
Ind.
Public
Add
Add
etc.—*
-
Rubber
Hard
Con ine),
(fAugust),
.
5,000,060
2,0toro0o •;
1,500,060
notes, due 1951-1966_._4.,.l,—-—
Central Arizona Light & Power Co., 1st mtge. 234% bonds, due 1976
Copperweld Steel Co., 2'U debentures, series B, due 1960
National Utilities Co. of Michigan, 1st mtge. 37c bonds, series A, 1971—
Omar, Inc., l3/4-3% notes, due 1949-1966—
—
Mayflower Hotel Corp., 10-year 2%% notes,;
—
Missouri Public Betidce Co., 1st mtge. 27/8% bonds, series B, 1976
American
'■' Refunding
New
,
Blgelow-Sanford Carpet Co., 2-2.8%
Mfg._*
Utilities——*
Steel,
Issue—
of
Name
Classification
$35,000,000
1968.
due
Allocation of proceeds
Month
^ Foreign' Power'
Amefifiah
1
(Continued)
Long-Term Bonds and Notes
:
1946
1947.
$900,000
(January).
of
167
Volume
THE COMMERCIAL
mtge. 3%. bonds, due 1980.
& Electric, 1st
cojnties Gas
,
Number 4667
.
$900
-
Central Power Co.; 1st mtge. bonds. $200,000 (July),
credit Co.,' .3%.^ 10-yeaiv/subordinated loan. ^$25,000,000
P^FdU'U^wl8' InC' 25'000 shares
rnmrneitial
(September).
\
(April).
$850,000
1969
(November).
•Gro ier
junior promissory notes, due
$3,500,000 (November).
Co. (St. Louis), 10-year
1957.
Coronado Hotel
(December).
V; 77•
'X
-
294%
Consolidated Corp.,
al
1,
Nov
/7
(November).
$9,000,000
^n/inen
1st mtge. bonds,
3%
Gulf
'
•/
000
■ -
_
.
bonds;
<
Heekin
)
Plastics
due ° serially.
-
Cigar Corp.,.; 3%'%
(December).
'
V.
DWG
v
Co.,
Eagle-Picher
/
Eastern
(May),
$500,000
1,1977.
2%
Corp.,
-notes/i.due
serial:
,f(September),,.v <'>•/..
Eastern
Kansas
Sept. 1,
Utilities,
1967.
$600,000
•
'
Oct.
mtge:
.
ooo
Steel
Stainless
Home
Economy
Jan.
1962.
1,
1961.
(March).
ferred
stock
(par
(Thomas
A. >
Edison
$3,000,000
Electric
Auto-Lite
Dec. 1, 1961,
Electric
1961.
$100).
,
series;
2.6%
Co.,
oromissory -note
(January).,'
2.6% notes, due
$10.000,000/(December).
\
Electric Sprayit Co., 4V2% note, due Jan.
Electromaster,
15-year
Inc.,
El Paso Natural
Gas
4%
1st
(DecemberX
•
Paso
series,
Natural
due
Gas
1966.
3%
Co.,
$15,000,000
line bonds,
1st mtge. pipe
(October).
(N.
Erie
RR., 2%
equipment
S6,850,000 (October).
" \
Evans Products
Co.,
Eversharp, inc.,
.(July).
'
-
\
stock,
Iowa
15-year 3V2%
loan.
3promissory
note,
due
July
1962.
1,
,
(March),..;..
Fedders-Quigan
t'v,
<
,
$3,000,000
/, • \
Ferro Enamel
Corp., notes
perro Enamel
due^Feb: 1^1958-1962. $1,000,000
3y2%:
Corp^
Perro Enamel
Corp., 3%%
Hjl®men's
$4
due May
Inc.;"37,500: Wares of
-f,/• .'/vy-iyoi•/., ,
Service;
$37,500 (July).
2%%
'; :
■
Corp.,
7
■
■/
■•
V
7 7 7- ;
■
3 % sinking fund debentures,
7
•;
due
lst mtge.
cumulative preferred
bonds, • series D, 2% %
;:'-'-"7/77-'
/'■ .7 7
;
.
7
&
Johnson,
31/a%-4%
series
$500,000
Pacific General
j
(April)/
:
&
Machin^
■.i".;:
Foremost. Dairies,
/"(March),- '"//v:
Foster & Kleiser
1:
^
^j^dison Avenue
debentures. •: $1,200,000
Corp. 10-year 4%
•>
,
';!'v'
Corp./• 1st mtge. 20-year 3'A % loan. / $2,750,00<
Inc.;,15-year 3%%
?;;
$235:000
"7$5).'
sinking fund notes. - $3,000,0Q<
: ".; v•• :
-:-v /• j.-
»
Penn
cumulative
Lairgendorf United Bakeries,
(April)-;">-7"r7.7
Inc., 394% 15-year serial loan. '
7,
•'
000.000
Perfex
^°0(d 'Indusinti^'' -lliyc-.V' ;5'%ear;534A%l; convertible notes/ due. Dec.
1352., $1,650,oop/
'r
Lawrence
/;
due
^5115,500,ooo (July),
/annually
$5,000,000 (December
/..„>':
wffi"Americ^
Lehn
Transportation Corp^,'a%%^2%%; equipment trust. "
,^atesi /series 42; tJUfe* 'quaherly/ Nov. 1, 1947-Aug.- V- 1967.
$10,136,250 % August
.' -/X.''
■
-
nrrtf31 Time Instrument^ Corp'.,'5"
preierred
stock
(par
14.000 shares of 4Va'!o- cumulative/,
$100)j%\$1,400,000; (March) •
' '
6'% debentures due 1959. $500,000
1,
Fink/Products. Corp.,
(January) 7,7'r ^ .»• • v
■
;7/$5,637,222vt()July);;" i'u
<5W
Go-'-3V2V0- secured debs., due serially to June
'
/ /.',.■
7.'
1, 1953./'
-'O'OOO/(June)..
ni<*®
^•500.000
.
(Par
Co-L";4V2%.
(December).
0).
Tire
•
iJV:
•
Co!, '5%'% ^long-term
A°D^11^i?ford/ "Inc-/
■
-
/."•
-45,000 > shares -of -4 %;
$4,500,000.
&
-loan..- $1,250,000 (March).
cumulative preferred stock
(par:
:
: .; - "/
'
1
iRubbs1?«Co.;
$68,421,000
r*. \
.
/v
//..'%
f.
I
Mtil?
*»."(■
•
r'.i t'
fl i,
/
A,
Lustrpn
Co./teim
McCormick &
$9,000,000 (March).
$840,000 (October).
loan$/ $500,000 (November).
Corpi( common,
stock.
Co.; Inc./
3(4%
<•
.-
sinking fund debentures, due
MCQuayi Inc-V
lQ-year 4%-%
;
Magma Copper.Co., loan,
•. $3,500,000
(July).
-
notes, due May 1, 1957j
due between Dec. 31,
$450,000 (May).
1950 and June 3Q,.1951(r
.
$1,000,000 (March).
$20,-
,
serially July 1, 1948-1962.
due
•
debentures,
fund
sinking
(May).
March
cumulative preferred
Suburban Transportation Co., 394%
1, 1967. $3,000,000 (January).
1st mtge.
.
,
bonds',
due Jan.
Philadelphia
equipment trust certificates, series
$5,094,000 (March).
Transportation Co.
1949-1954.
H, due serially
O
(1.9%«2.6%), equipment trust ctfs.,
$804,000 (June).
3 94 % bonds, series A, duo
,
Philadelphia & Western RR., 1st mtge.
March 1, 1967.
$700,000 (March)., v
10-year loan.
Corp.,
(December).
$2,000,000
.
Pittsburgh Railways, Car trust bonds, series of 1947, maturing
semi-annually over an 8-year period (interest ranging from
$1,897,000 -(October).
%3%).
Co.,
Prosperity
!
\
3%
Inc., 15-year convertible 294%
$11,077,800 (August). . .,-
Indiana,
1962.
1,
Co.
Service
$6,800,000
Railroad
of
'
New
Mexico,
27/«%
*
'
lst mtge,
deben•
bonds, due 1977.
(July). "
Employees' Corp., subordinated notes.
note, due Nov. 30, 1962.
3'/a%
Remington-Rand, Inc., 3%
$40,000,000
J.)
1961. • $2,000,000 (Jan¬
7
'■
due 1962.
;
I
convertible debentures,
'
of
•
..
Public
;
Co.
May
due
Colorado,
of
(July).
Service
L.tures,
loan, due Dec.. 1,
.
$7,000,000
Public
Inc., 394%
Co.
serially
1\^%~
"
'
uary).
Public Service
(R.
Feb. 1,
,
/
4%
Corp.,
$1,000,000
Rayonier, Inc.,
> 1967.V: $2,000,000/.(February).
promissory1 notes, due
/.7 '
3% .Vunsecuredr
(pecember). "•
.
.Eipe-Rpllway Corp, loan. '$1,000,000 (February).
Loew's, Inc."; 2.85% debentures, due July 15, 1965.
McBee
$100).
cumulative- preferred stock
May);; "
series
,
due Dec. 1,
'
7
294% bonds, due 1977.
Light, lst mtge.
"■* ■
'
' /
Philadelphia Transportation Co.,
(average interest rate 2.56%).
.
..
'
.
Pfizer & Co., Inc., 50,000 shares of 394%
(par $100).
$5,000,000 (September).
Phillips-Jones
'
/
-/
fund,notes.
(July).
Philadelphia
$1,250,-
liily-tprii)1 Cup Corp./ 392% unsecured loan. $3,000,000 (January)»,
Lincoln "Building
Corp;;/20-year 3Vs% loan, due 1967.
$4,362,778
7Aug.ust)./ •/ >'■
■ 7//*
'
•'
Lincoln
Building Corp.^, N. Y., 3y8%" lst mtge. loan, due serially.
due July 28, 1952.
7/7
10-year serial loan.
Co.,
-
Mulliken
1957.
fctock
.
(March).
-
/
334% sinking fund notes, due
Corp.,
'(Chas.)
(July).
serial notes, due 1948 to 1960.
'
15-year 3Va% instalment loan. $2,500,-
7
-
,
July f,
$1,750,000
3'/a%
Inc.,
% .
&
000
sir;
-
Investment Corp.,
(K'-'Ci-IV'-Le' TOurneau,
1956-1967.'
,
1
Pettlbone
'
1
"••000
7
'
Power &
Pennsylvania
(par $100).
pieieired , stock
Khapp-Monarch Co.; 14ya Vo
$1,500,000 (December).-;
.
Co., lst mtge. bonds, 3Va% series,
(December),,
,
,,
.
7
•
Switch
Electric
series
■
.
Telephone
$1,500,000
1967.
'(WaHer-)''',.^idde-&•.Cp.,' Inc., 15/000 shares of 4'/a% cumulative pre$900,000
.
/
'7
.
(May).
960,000
Peninsular
'
1957.
•
$1,000,000 (March).
Peerless Manufacturing Corp., 4%
debentures, July 1, 1954.
$750,000
(February).
' •
- '
'
(S. B.) Penick & Co., 3 94% sinking fund debentures, due 1967.
$1,-^
,
$1,250,000 (February)./.
Co.,;20-y,ear 3%% serial;loan.
•,
Inc., 10-year sinking
Pal Blade Co.,
Water Co., Inc., lst
(December).
1st mtge. bonds.
,
lst mtge. sinking fund notes,
Corp.,
$675,000 (August),:
.
?,ros- Gear
(May)./ 77"/
$1,500,000
"/''.
mtge. 30-year 3%% bonds,
V. series A, due Jan. 1, 1975.
$375,000 (July).
Kansas City Suburban Water Co., Inc., 5% cumulative preferred stock
/ (par $100).$100,000
(July).
/ .
7V
Kelsey-Hayes Wheel Co., lst mtge. 394% sinking fund bonds due Dec.
7; 1, 1961. $7,500,000 (January).
■ '>v
'
'Kentucky * Water Service Co., 47,000 shares of common stock
(par
'
;
.
.
.
..
„
274% bonds, due 1964. $5,000,000
Telephone Co., 30-year 3%
394% sinking fund bonds, due May
7
,
7
1
■"
Oswego Falls Corp., 24,000 shares of 494% cumulative preferred stock
(par $100).
$2,400,000 (March), 7
Otter Tail Power Co., 294%
1st mtge bonds, series of 1977. $3,000,000.
7 (July).
; '
Pacific
Finance
Corp.
of Calif.,
494% convertible preferred stock,
.
(August).
City Suburban
Kansas
1
Service Co., lst mtge. bonds, 3% series, due 1973.
15,1962,
.
$50)
1
-
,
series, due
?
Falls Corp., 1st mtge.
$800,000, (March).
Oswego
i.
(par $100),
B
j_,„
(December).
294%>
lst mtge; bonds
Co.,
Power
Y.)
;
County (N.
$300,000 (April).
lst mtge.
20-year
Public
Orange
bonds.
7
/ ' 7 7 /
•
7.-... /
■
' •
(interest- cost, 2.7%), loan.
$5,000,000 (June).
30,000 shares of cumulative preferred stock,
Louis,
bonds,
dividend non-cumula-
(August).
$1,000,000
1
15-year lst mtge.
$3,000,000
$10).
.(par
'(July):" 7
(November).
7 / '•-■
■
stock
Pennsylvania
$600,000
jOklahoma Natural Gas Co., 1st mtge.
$12,-
loan.
,
30,000 Shares of $4
Reinsurance Co.,
tive» preferred
1975.
$1,450,-
4% loan, due Dec. 15, 1962.
(Baltimore), 394%
Inc.
deben¬
(July).
Star
Northwestern
''''
17-year 3V4%
//-•
'
.
Market,
Avenue
$550,000
j
Mills,;
Corp<
North
Northern
$3,500,000
1967.
'■
(July),
$200,000
(December).-
000
1
.7/
•
$5,000,000
-
debentures.
15-year
•;
Co.,
■
'(
North
debentures.
subordinated sinking fund note,
(December).
,
.
^
1
Power
tures.
North American Refractories Co.,
$3,000,000 (May).
,
Jones & LaughTin Steel Corp.,. lst mtge. 294% bonds; due Sept. 1, 1967.
$30,000,000 (November).
v
; • ' 7 ' " >
Kable' Bros. Co.,. 1st mtge. bonds, 4% due, annually Aug. 1, 1953-1957.
stock; (par $1).
common
due
//..
*,
Co.; .394%'
Light &
(August).
Knitting
Johnson
(May).
(par
series,
3%
7=
"
^
•
...
.
4 Va % 1 subordinated
v
:
'
7 '
10-year
Corp.,
Acceptance
$1,750,-
mtge. 3Va% loan.
(N. Y.), 10-year lst
'
Corp.
American
certificates,
equip, trust ctfs., duo-
$1,985,000 (June).
1. 1948-1952.
(January),
North
S
.
3%%
Chemical
&
000
-7;••X 7;:,7;" '>
Co., 5,000 shares of 4,/a%
$100*$500,000 (December).
Johns-Manvilie
lodn, due Oct. 1, 1962/ $4,000,000 (October).
Co. ,of
June
!
'
,
Hartford RR., 294%
&
collat-
1st mtge. bonds,
'
Haven
New
J9 Rector Street
par).
sinking fund bonds, series B
18-year
York
April 1,
$22,425,000 (March).
due May 1, 1972.
due 1967.
Louis RR. 1%% equipment trust
1948-1957.
$1,350,000 (July).
July *15,
annually
due
1948-1962.
due serially
.
Association, 20-year sinking fund
294 %
Co.,
Light
Chicago & St.
York,
New
j
Corp.,
/
1
.Hotel Co., St.
$1,300,000 (August). 7
...
(February)/'
1962. $3,000,000
1,
Newark, N. J., 70.000 shares
preferred stock. $3,500;000 (November).
Insurance
cumulative
Air
Joan,
bonds,
Gas
i; $2,000,000 (March).
New
(no
' 7" V
(September).
$500,000
Haven
,
4Va% bonds series D, due
eral trust 274% bonds, series A,
i;
■
Co., 2% % notes due March 1,
Jefferson
'/ f 7
$2,000,000 (February).
7
due
inc., 15-year loan. $1,000,000 (August). 7.
Jantzen Knitting Mills, Inc., series B 4'A% preferred stock (par $100).
$250,000 (August)/
■'
'
'
7
I Jantzen" Realty,'Inc/, 1st mtge. loan. $750,000 (August).
;V,;r>/%v///..//,/' ;■'/
20-year loan.
Corp., 3V2%
.
X,
'
'
Securities
(par
Jantzen
Family Finance Corp., subordinated notes.,$4,000,000 (September).. *
Harrington Mfg. Co./..(Mass)., 4% serial notes, due to Jan. 1, 1959.'
$600,000
;
mtge.
lst mtge.
Co.,
1954. / $500,000
Electric
1977.
1,
series
stock
.
"
England Gas & Electric
New
\
New
-7'"":'
■'
$3,ooo,oof)
1948-1957/
$3,500,000. (March).
•,,•/
7
,
1st Mtge.
Glass Co.,
cumulative preferred stock,
of $4.50
/
' / ' : '
sinking fund notes,
/ 7
„
3%
Co.,
.
due semi-annually Jan.
$400,000 (February).'
7,Machines
Corp.,
Milling
Securities
Interstate
-.../
/
(May).
Gypsum
1956.
serially 1948-1962.
sinking fund notes, due
Co.^ 3%
(March).
Island
Neville
notes, due Aug. 1, 1954. $200,000
■
./ , '7 ■
•
(November).
15,
-
notes.
$2,500,000 (September).
•j
.'/
•
_
2%%
Co.,
C.as
Gyosum Co., G,C00 shares
$660,000
National
lst mtge. bonds, series due 1972. $990,000
/_'"' .7 '•... -'.j V: .'
/
.
Dec.
i
.7 7'-'
.
•
■
•
common
,/
International Telephone & Telegraph Co.,
due May 15, 1961.
$2,300,000 (March) ,
second, 3%e.:
7
'
of
Co..
.
1959.
$15,000,000 (November).
19-year loan.
Register Co.,
Gypsum
$5,000,000
debentures,
due Feb.
series,
,
shares
-
Interstate
,
■;/;
•
.
2%%
,
7-year 4V4%
International;Minerals
]
•'
"...
/
.
!
bonds,
sinking fund
334%
mtge.
$5,000,000 (November). .
Discount Corp.
of South Bend,
Ind., 3V% %
subordinated
fund notes, due May 1, 1957.
$1,000,000 (May).
sinking
sinking fund debentures, due July
.
..
Detrola
-7;"
(May).
(October).
Oct. .'15,
1972.
due
fund
trust certificates,
$1,200,000 (August).
(February)/
International
sinking
/ equipment
155,556
Co.,
bonds,
'
Inc.. 1st
$990,000 (November).
1972.
1,
(April).
$900,000 (January)".-
certificates/ due
due
bonds, due 1948-1962.
4V&%
equip, trust ctfs;,
$1,030,000 (June).
W^ter
&
Gas
/$20,000,000
■,'•/%•.
Y.), 1st' mtge. loan.
trust
Cylinder
(September).
$2,500,000
lst
(May).
$750,000
Cash
National
RR., "2%
*3%, due Dec. 1, 1976.
Equitab'e Office Building 1913 Co.,' Inc., 1st' mtge. (3.7%-3.75% -3.65% Y25-year bonds.
$14,750,000 (November)., /
.. ,.
./■ • •
'■/-,
Equity Development Corp.
bonds,
,
/
-
.
International
1949-
1,
fund
,
15-year note.
Co.,
$3,300,000
loan.
mortgage
10-year
Y.),
Heating
&
National
-.
394%
Inc.,
'
'
El
Gas
National
due
(N.
,
series due 1966.
i
/■/';;■::% v'
bonds,
/
2%
RR.,
International-''' Business
1962.'
/
mtge.
1st
Co.,
mtge.
Inter-Mountain Telephone
$500,000. (January).
$400,000
loam
;
'
Dec.
preferred, stock. $2,500,000
Co,,. 4V4 7e.
Co.;
(July).
000.000
1, 1959.
*
(December).
Inc.,
Munsingwear,
1,
*•'"'/■
due Aug.
1,
due Nov.
fund notes,
sinking
394%
Co.,
'
■
series, due Nov.
'3V«%
(December).
Corp.
Realty
(January).
#
lst mtge, bonds,
Co.,
Utilities
$2,500,000
Motors
York, 40,000 shares of $2.50 non-cumustock. $4,000,000 (September).
New
Intaglio Service Corp.,
(September). !
7
•.]. !•, X'
semi-anpually,
Co.,
of
(January).'
Motocycle
..Nov.
due :
15,
sinking
(3%-3'A %)
$2/000,000 A July). "
Terminal
Indiana
semi-annually, to
due
- -
1962.
int. rate 2.91%),
$2,000,000 (May).
(average
^
/■;"/
Material
Field
(.January).
V/;
'
$15,000,000
j
Auto-Lite
1,
series, due Nov. 1.
3%
mtge. bonds,
lst
Co.,
(December),
Utilities,
$1,500,000
1970.
1967.
(April).
Utilities
Montana-Dakota
due June
274%,
B,
series
bonds,
bonds, series A,
3%
Co., lst mtge.
(January).
mtge.
lst
Co.,
$500,000
Nashville
20, 1957.
3yz%
Co.,
.
Indiana Gas & Water Co., 3%
(
due
debentures,
due Aug.
notes,
May
due
note,
/
'
Co.
Central
$700,002
$2,000,000
VV- iV7'
promissory
fund
sinking fund debentures,
lst mtge.
Inc.,
.
Power
! Indian
15,000
Co.,, 2.90%
(September).
1972.
1,
(September),
mtge.
lst
1/1948-July 1/ 1957.
Jan.
:-v; /
.
Feb.
sinking fund subordinated debentures, ■
Fulp & Paper Corp., 3V2%
$1,000,000 (May).
"Illinois
due
A,
27/ar!o
fund
sinking
2%%
Co.,
semi-annuaily.4948-1957.
'/V '
shares of 4V<% cumulative/pre¬
$1,500,000 ^January)..t-
Inc.,
1970.
(November).
$1,000,000 (July).
loan,
Service
$1,200,000
1970.
$400,000
1971.
1,
due
bonds,
stock
preferred
cumulative
$1,000,000
loan.
term
Electric
&
1,
Utilities
Montana-Dakota
mtge.
lst
Gas
Jan.
debentures/due July 1, 1982.
(September).
Corp,,
Oil
Illinois
■
StCires,
$200,000
1948-1961.
due
debentures,
serial
20-year
Montana-Dakota
bonds.
7
Roosevelt Hotel
(April),;-.
$5,000,000
10-year serial loan..; $3,500,- '
Corp.>.,,3%, '. sinking
Stores
$1,000,000
Brothers
1,
Co.,
$2,600,000
1966.
Idaho
$2,000,000
1948-1952.
bonds,
Missouri
(April),
1962/
Hudson
..
%' 7Xr/. 7/
1,
3%
1962. $2,000,000
Indemnity
due
;
Grocery
1,
$500,000
1st mtge. loan.
15-year 334%
& Tile Co.,
Angeles),
(Los
Missouri
$1,000,-
■
Jative non-voting preferred
Houston
1977.
due
(September).
.
preferred
due
3'V4-3Ms%
35-year
2%%
Co., 372%
SI,000,000
;
'
fund deben¬
vV.:-<v / 7/7//'7
series
dividend
.
,/
Paper Mills,
Hollywood
;
(May.). *
Edison
(sub-
...
.
Insulator
Miliiron's
'
$600,000. iMay).-,
/•/
unsecured
Corp.,
(July).
Disintegrating
Co.,
Inc.,
4Va%
$1,000,000 (March).
National
.
Eastern
leasehold
nnd
15-year
Heller.&
Hotels
Hoberg
sinking
1,
•'
1;
$16,000,000
//•'■'; /'X'.V '■ %''■ i;,\,'"-V.-".V'
.
Inc., 1st
(May);
loan.
debentures
10-year
4%
$100).
(par
Mica
series
//
.
$5,000,000
Hilton
1,
7
bonds,
7/";7'-7;
/
•
(2'/»%-31/2%)
20-year
Co.,
(Calif.),
Corp.
3Va%
Corp.,
(August).
;
(April).
sinking fund debentures
(December)
Co., term loan
semi-annually Sept. 20, 1947-Mar.
$1).
(par
series,
due Dec.
394%
mtge/
Manufacturing
(December V.
National
..
$7,500,000
3%, notes.
1st
Co*.,
$2,600,-
15, 1962.
Aug*.
.
Acceptance
Messenger
$100,000,000
Heywood-Wakefield
$2,000,000
shares $3.50 series preferred
•'-'Jy;-:-',/,
:
-
loan,
15-year
20-year
Electric
Coast
East
2.65%
bonds,
Chemicals, .Inc./ 3% 20-year
(April). > /-,///''X--'./'/
&
$600,000 (Jan4'
loan.
21-year
series B, due
notes,
*
.
Bros, Brick
Merry
stock
preferred
.
Co.,
E'.)
1962.
■
$4,000,000
tures.:
loan.
25-year 3s/s%
1st mtge.
(June).
Amgi
.(Walter
.ty*'"'
mtge.
cumulative
V
Metals
$5,000,000
(Welter E.)- Heller &
'• /
(E. I.) duPont deNemours & Co., 300;000
stock (no par),
$30,600,000 (May), v •
Durez
Can
"
due
■
,
Co. 1st & ref.
(October)..'
Power
(December).
.
2.70% sinking fund loan, due Jan. 1,; 1972.. ,$35,'•
V. V-;
' ;
Chemical Co.,
394%
/
4%
(January)..
Mercantile
;
(Conn.) Gas Co.,
$2,000,000 (February).
'
"$40,000,000
shares
Hartford
Douglas Oil Cd. of Calif., 50,000 shares of 5'i> cumulative convertible
second preferred stock (par $10).
$500,000 (August).
;
:,,r
000,000- (January).
$5,000,000
;
3%
Co.,
Cement
Marquette
1,
Nov.
Shirt
ordinated)., $500,000
(July).
,
/;,•-/•
„
.»
shares of common stock
Oil Co. of Calif:/ 09,000
$103,500 (August).
.
Douglas
Duke
$200,000
E.eetrie. Light Co., 25/8%
$12,000,000 (July).
$1,000,000
Donnacoha Paper Co., Ltd.,- 15-year'-■394% mtge. bonds, due July
1962. $5,500,000 (July).
'
7
■«"
' '
;> •' . ..
Dow
bonds.
due
$2,000,000 (January).
loan.
Union Leader,
000; (October).
|
(January).
Eros;
,
.
'
(December).
bonds,
Corp., 50,000 shares of $4.50
; (par $100).
Co.,
(December).
1
series, due 1972.
serial notes, due July i, 1947-1962
]"•••
mtge/ 394%
" " '
1st
Co.,
Pepper
-
(December).
fund
3Vi%
Corp., 25-year 2Va 1o
States Utilities
Halle
sinking fund debentures, due Jan. 1, 1957.
!■' ;
' .v./": 1 7:/'
if •. - _/''> /
Diebold, Inc.v 4 Vi'/r LO^-year
$800,000 (January)/; •.'
Dr.
sinking
(January).
Public Service Co.,
stock
7'
Detroit Harvester 0v.-, I5-year/'394%
$2,000,000 (August)..
$3,500,000
mtge.
Hartford
(September)/ ,7:
1962.
Gustlng-Bacon Manufacturing Co. 15-year sinking fund note.
,
$200,000
1,
H.)
(N.
uary).
Manhattan
A, due July 1,; 1972. $2,200,000 (July).
;
/Gulf
due March 1, 1962. $1,000,000 (March).
Delta Air Lines, Inc., 100,000 shares of common stock (par $3). .$2,200,000 (June).
.; V "
perby Gas & EiectriC Corp., 294'%' promissory note, due Oct. 25, 1947.
<
$500,000
Gulf Oil
Stores, Inc., '.4% notes
De Jay
25,000
$2,500,000
$1,750,000
1953-1957.
due
notes,
A
'
1959,
(July).'
$150,000
Inc;,
$100)..
series
Mahon Co., 15-year 3Va%
(R. C.)
Manchester
1965.
Gu^,5oastvWater Co" 4% bonds, due semi-annually June 30, 1947-
'
394% mtge. loan. $1,000,000
,
(Mass.) Water Co.;
Dedham
Society,
(par
j
"
'
•
creameries of America, Inc., 3% sinking fund debentures, due June 1,
1962. $4,000,COO (July).
■/. s-''.",V
,Jv
Crowley's Milk CO., Inc., 5-yeat 5% debentures.
$75,000 (February),
Dallas Railway &' 'Terminal' Co.,
394% 1st mtge. bonds, , due Dec.
1, I960.
$4,000,000 (January).
Dedham & Hyde Park Gas Co., 394% serial notes, series A, due 1961.
$125,000 (January)..
•
/7/\
-; .7
- ', t
/ "/ /
•
.
1,
May
Grayson-Robiuson Stores, Inc., promissory
note, due annually through
May 1, 1959.
$2,500,000 (April).
/;
$5,000,000 (April).
due
.
Gas
Hdated
bonds,
nrortgage
loan, due Dec.
3%
Co.,
Copper
(December).
common stock (par $1). $150,000
lst
Grt-atFaHs Gas Co., 3%
1st
Utilities Corp., 1st mtge. 3%- bonds series E, due
1967.
$1,250,000 (JUne).<
♦ '
*.
' '
•. . 7<-. V >-7 j 1967.:, $550,000 (December).
Greenwich Gas Co., lst mtge.
mntinental Consolidated Corp., 4% promissory notes, due Oct. 1, 1955.
rnn'
Magma
Unsecured .promissory notes, '
7
(427)
CHRONICLE
'
2^%
.Grand Union Co., 3%%
'
-
March 1K 1967.
due
?>IU,000,000
Co. 1st mtge. bonds, series A, 3%, due
Utilities Co.; 1st .mtge. sinking fund bonds, 3% series
_nn«nlidated Gas
-A
C°-'
f
Public Service
r„mmunitv
FINANCIAL
G<!hfi efoc-?,lrf'Rubber (December). %
Co-> 3 Va-234
due J967.
$31,679,000
CO0()0 (December),
Colorado
&
sinking fund debentures, due
April 1, 1967.
(April).
Reynolds Tobacco
Rhinelander
$750,000 (May).
(
$10,000,000 (December).
Paper
Co.,
Co.,
30,000
25-year loan.
shares of
$30,000,000 (October).
common
stock.
$1,440,000
(February).
Rich's
000
notes,, due Nov. 1. 1962.
Inc.,. 2.85%
i.Richmond
(Ind.)
Home
(December).
$2,000,000 (November)...
Telephone Co., .1st mtge. !3%
bonds.
$1,000,-
*.
8
(428)
THE COMMERCIAL &
Robertshaw-Fulton
Controls
Co., 15-year 3%%
$5,000,000 -(October).
tures, due Oct., l,- 1962.
Roos Bros., Inc., 3%
St.-
Paper Co.,
$10,000*000
Sanitary
20-year
(July),
Western
deben¬
'
due
;
debentures,
2.80%
series,
due
stock-(par $50).
July.
Finance" Co.,
$3,500,000
Western
v
subordinated
notes, .due
Dec.
5,
White's
Seaboard
Finance Co., 4%
(1,250,000 (December); • '
subordinated
■
notes,
due
Dec.
Wichita
,!
Brothers, Inc., 3.80% cumulative preferred stock (par $100).
$3,000,000 (June).
1
1
Seismograph Service Corp., 10-year 4% debentures, due Aug. 1, 1957.
Erie
Sentinel
July, 1,
Winn
Corp., 1st mtge. 10-year loan. $750,000 (November).
Servel, Inc., 3VV% notes, due Oct. 15, 1962. $9,000,000 (November).
Sharp St Dohme, Inc., 2%% loan, due Sept.
1, 1967. $4,000,000 (Oc¬
Winters
Inc.,
000
Manufacturing
Corp.,
3-3/«%
notes,
due
1962.
Sheller
Manufacturing Corp.,
000
(December),,.
Sheller
$4,000,000
5%
Shellmar
-
Corp., 15-year
$1,850,000 (March).-
Pacific
3%
Power
Co.,
1st
'v
-
C.)
1
i
of- Mercy of Crawford
bonds, due July, 1* 1962.'
,
Corp.,
due
series,
cumulative
preferred
!
stock, (par
4%
sinking
fund
1st
;
California- Edison
ferred stock,. 4.32%
/
?
Co.,
.series
$25).
shares
:
of-
$5,089,500
*Z*
'
note,
due
Inc.,
1948 to
bonds,
2%%
series
,
)
Texas
;•'*
due
$500,000
convertible
Thatcher
Service
Co.,
1st mtge.
1st
mtge.
Glass
3%
3V4%
Water
mtge.
Power
Percent of total-volume,-
i
,
I
Volume
July
Below
Park.
due
due June
3
due
1,
$1,-
Swift
Jun.
1,
(December);
fund
I. .T.
20-year 3V4%
April
15,
1960.
stock
(plant
$9,789,100).
Co.
Film
/
2.95$*
expansion).
.*;'*/
•-'/•*;
loan/ due
;
;
.
*.:
annually
:/
;
^
Co/*2%'% "35ryear debentures, due(construction).
1%%
Co,
serial
(corporate
Power
A
promissory
purposes).
Light
(refunding).
series,
due
annually
,
37» %
Co;
notes,
stock of
f.
s.
debentures, due
...
Light Co. 1st mtge. bonds 3% series, due
(refunding,- $5,617,213; expansion, $4,382,787).
•
A
;*
.
Petroleum
1
-.'Z-ZZ•'.>//.
*
Corp. 100,000 shares of 3%% cumul.
preferred
stock
of
$100
par
(reduce term
$7,625,000; general funds, $2,375,000).
■
loans,
due
$116,500,000 United
1972 (new
2%
of
2%%
debs.,
%
Gas
1st
mtge.
trust bonds,
collateral
and
due 1967 (refunding, $92,205,000; purchase
securities and general corporate purposes, $24,295,000).
35,000,000 American
&
debentures,
due
Corp.
series,
,
Foreign Power Co., Inc.
due 1968 (refunding).
sinking fund
372%
25,000,000 Trans-Arabian
stock
common
Jan,
of
rier
Pipe Line Co. 2.55% loan guaranteed, due
1951-July 1, 1962 (construction of petroleum car¬
1,
from
oil
fields
;
$500,000
(par
.
.
.
.
..
,
to
to
Co.,
2.70%>
2-year
20-year
"
,
:
■
|
.
.
22,425,000
,
shares
debs.,
series A,
of
Saudi
of
Arabia
Mediterranean).
to
Towne Mfg. Co. 2%%
Service
Co.
debentures,
of
Indiana,
due
May
1,
Inc.
convertible
15-year
(prepayment of bank
1962
10,136,250 General American Transportation Corp. l3%%-23/4.% equip¬
ment trust certificates, series
A2, due quarterly, Nov. 1,
1947, to Aug. 1, 1967 (purchase of equipment).
due
10,000,000 Lerner
ZZ
•
July
/
-
4Z.Z:
;,,
loan due May 1,
Libby 20-year 2Va% sinking fund dedue Aug. 1, 1967 (refunding, $6,550,000; con¬
working capital, etc., $8,450,000).
Pacific
Co.
2%
equipment trust certificates,
due 1948-1957 (purchase of equipment).
&
loan).
Ltd.
500,000 shares of capital
Argentine gold pesos par (new money).
1967 (new
for
Stores
3%
Corp.
sinking
fund
due
debentures,
1, 1967 (repay bank loan and reimburse treasury
expenditures made and contemplated in business ex-
*
pansion).
.*;
..
*
•_
Z ' /
(
-
1982
27/«%
;
loan.
t
(new- money-)u\'
.
$75,000,000 Duquesne Light Co; 1st mtge. 23/4% bonds, series, due
Aug*.
1,
1977
(refunding $72,275,000; general corporate
$2,725,000). "
i*0/f$*
,•
*
*;.
•
debs.,
-
.
,
2ya%
note,
!
v-'.r
1
coll-;
■
'APRILS .»••■'■*
.
t;
.
.
15,000
shs.
4(4%
loan,
due
$300,000
(corporate
par
Rand,
United
purposes; ' ;! 'y'
Inc. 3%
.
April
1,
1967 tnew money).
due
1977
States Power Co.
I.)
duPont
.
*
(expansion, etc.).
England
(refunding).
v
-
Z
Z/
'
debentures,, due;/ ..
/ '
/
•
(Wis.)
stock
of
St
1st
new
Co.
no
! */;
v,
/
bonds,
Z *;,'"
subordinated luaI1
.Z;
:
Co.
mtge.- bohds,
lst
21 a %
mtge./2%%
money,
bonds,,
par
Co.
Electric
System
^
10,000,000 General Telephone Corp. 200,000 shares of 4.40%
■'
,
.
.
tive
*
convertible
tion,
/
etc.).
10,000,000 Tennessee
due
99,450,000 Texas
pur¬
due
Q,
Edison
Co.
preference stock,
30,600,000 (E.
I.) du Pont de Nemours
Series preferred no par stock
1,653,429
par
&
$25
Co.
shares
of
(refunding).
30,000
1977
1
•
Electric
Systcija
7
3%
debentures,
.
•
due
.
1967
-
-
stock
(par
4.25%
(expansion, etcj.
$100)
St Telegraph Co. 40-year
(extensions, etc.).
•
corporate
Gas
&
Power
deben-
3V»%
,
2,210,000
shares
Electric
Dec.
1st
Co.
of
capital
stock
(par
6^5)
purposes).
Co.
1st
1980
1,
&
ref.
&
ref.
(finance
bonds,
series
construction,
etc.)-
mtge.
series, due
construction $8,500,00u)-
mtge. bonds, 2.65%
(refunding $31,500,000,
30,000,000
new
(R.
j.
Reynolds
Tobacco
Co.
25-year
loan
(corporate
purposes).
23,496,552 American Water Works Co.,
'
mon
England
(refunding).
(construc-
England Telephone St
Telegraph Co. 35-year 3%
debentures, due Oct. 1, 1982 (construction and expansion).
shrs, of $3.50
(general corporate purposes)..
$50)
(par
100,000 shares of
Co.
40,000,000 New
4.48%
.
1987
27/«%, due
40,000,000 Duke
Co.
Transmission
preferred
Co.
75,000,000 Pacific
1977
1,653,429 shares of cumu¬
series of $25 par (refunding)-
stock
-Z
Gas
Telephone
tures,
(general
debentures
preferred
cumula-
OCTOBER
$100,000,000 Pacific
"
California
convertible
374%
*
•
.
$3.50
of
«*-
•
'
,
corporate
first
100,000
r; "T0,000,000 Florida "Power A Light Co« "100,060 shares of 4,/2 % cumu/ * " lative- preferred stock (par $100) (pay promissory notes
Z
$4,750,000; additional facilities, etc. $5,250,000).
/;
$1,133,813).;
700,000 shares
(general
series, due
-etc.).
shares of
cumulative
:4preferred stock ' (par $1QQ)... (refutiding,; $5,999,800,
/.*'; Pansion program $4*000,200).
/Z -Z
:
'
lative preferred stock, 4.32%
41,335,725 Southern
25,000,000 New
Power
;ZZZ ^9T7 *(extension,, improvements,
Z* 10,000,000 Carnation
,
pre¬
B,
series, due* ,1967
* Credit
Co. - 3%
JO-year
1Z!; (broaden company"^ credit, lease).~
cumulative
deNemours
preferred
poses).
$1,250,-
series
•-Z: / ;
$100,000,000 Consolidated Edison Co. of New York, Inc. 1st & ref.
mtge..
bonds, 2%%. series B, due April 1, 1977 (refunding).
-
bonds,
'/• S%
*
MAY
'•
from
'■
\
(refunding, $17,866,187;
41,335,725 Southern California Edison
,s
-
vZ-.-v
25,000,000 Consumers
;\''V
"
f.*
s.
States-Rubber.-Co;>20-year.2s/«%
series
semi-annually,
~j.. Zv:V,"-Z
.
19,000,000 Northern
-I-''..
due
cumul.
*
•
25,000,000* Commercial
r
.25,000,000 Atlantic RefinifigrCo. 250,000 shares Of,
3.75%, cumul. pref/
- ■
stock, series B of $100*pa; (new money).
•>_ *,:'7 -v
/
$300,000
due
Property* additions $30^000,000 )Z
-
debs., due April 1,196?;
(refunding. $20,370,000;; retire* promissory * notes; $10,060,-^.
000; property additions^ and
working; rcapltaX $9,570,000)/
50,000,000 New
debentures,
■'--•
Z.;-« /k*"- Z/r
-
V" 40,000,000 Remington
(October).
loan.
Edison- 'Ofcy* gen.4 St
ref. iintge. bonds, series I,
due
1982 ^refunding $30,000,000, repay moneys
borrowed for construction purposes, and finance current
f.v;. 2%%.,
'
/
bonds, series H, due-1967 (refunding)..'
Gulf Oil Corp. 25-year -Ufa%*' 1ogn»'(new -money)* / /
'
51,817,881 American Tobacco C*.
896^404 shares.: of class B stock of
'
71,400,000 (E.
secured
•>*.
.
60,000,000 Detroit
40,OOO.OOO Tennessee Gas Transmission Co. 1st mtge. pipe line
;
.
.*
2.9%
SEPTEMBER
_
MARCH."'".
New England Gas St 'Electric Association
20-yearS; f.
trust
1962..,$1,000,^ ); 40.000,000
15,
•'
Light St Telephone
Co., Inc.,
1st
mtge.
due Dec. l, 1377.
$1,250,000 (December).
150,000
Edison Co. of New York,
Inc. 1st As ref.
bonds, series" A" 2%.%; due 1982 (refunding)^;;,.
-'' mtge.
.
(May).
Virginia Telephone &
Telegraph Co., 314% bonds, due 1974.
000 (May).
3'4%
(June).
Corp.
100,000,000 Consolidated
!
$25
•
$1,500,000
316%
serial
$1,325,000 (May).
Corp.,
Gas
St
International
due April 1,
promissory •»' notes.
</•
•
'
inc.,
$1,500,000
$3,000,000
Electric
Lines, Inc. 20-year 3'/2%
1967 (expansion).
St
V,
11,077,800 Public
23/4%
*:.' $200,000,000 American Telephone-A Telegraph-Co: 35-year
2%%
subordinated-convertible
note, due Nov.
Mohawk Cotton
Mills,
stock (par
$100).
Petroleum
1958-1962.
de¬
i $100,000,000
15-year
1962.
18-year 2%%
Corp.
preferred stock of $100 par (refunding $12.construction, $3,000,000).
new
1,
bentures,
struction,
•
(new
..
23/4%*
Wallpaper, Inc., SKfe' 20-year loan.
1953
State
.
,
Inc.,* 20-year
(December).
Winding
1950
series
Machines
Air
10,095,372 Swift
10,000,000 Yale
Business
,
--
Inc.,
note due March
(new money).
cumul.
12,000,000 United
$100).
promissory note, due serially
.**
Laboratories,
Corp. 1 V&%
McNeill
11,400,COO Southern
York
33/«%
sinking fund bonds.; $700,000
Merchants A
Manufacturers,
1967. $10,000,000
3(4%,
stock
AUGUST
due Jan. 1,
25-year
bonds,
common
money).
.
Co;^T51-year
1,
Western
notes,
(refunding).
Financial
bentures
note.
Lines, Inc., 20-year 3V2%
debentures," series A, due Feb.
$12,000,000 (February).
Gas Corp., 1st
mtge. and collateral trust
bonds, 2%% series,
1967.
$116,500,000 -(August).
Warren
Co.
class -A
of
convertible
money).
Air
ferred
1972
plant
etc.,
erties)..
debs., Jan. 1, 1972 (refunding,
replacement, etc. $16,062,500).
Rubber
&
shares
2%%
Insurance*' Co.' 250,000
1977-
FEBRUARY
1907.
7,
1,
future
Light Co.* 1st mtge.
program).
A
4,000,000
loans).
f. loan,
s.
bonds, 2%%
construction and
Arkansas Power* A-LigSit Co. .1st mtge.'bonds 27/a%
due 1977 (additions to property,
15,000,000 Libby,
$1,500,000
Holding Corp.v t3>,4-4%-30-year bonds.'
$3,250,000 (December) >
Oil Co. of
California,; 2.80%"*25-year sinking fundh
note, due
1, 1972. $15,000,000
"(December).'
&
promissory
bank
23,968,620 United States Gypsum Co. 399,477 shares
$20 par (new money).
3Va%
1949-1955.
1962.
2y.l95e.$5,ooo.ooo (Jttne).*-:
Avenue
Building,; Inc.,-. 1st-mtge.*-3%%
Fovk A 'Hoe
May
Power
,
mtge.
10,000,000 St. Regis Paper Co. 20-year debentures, 2.80% series, due
July 1, 1967 (modernization and improvement of prop-.
'
2.557c
1st
Co.
Gas Co. 520,547 -shares of common
(purchase pi.-stock of .4 operating subsidi¬
subsidiaries to use proceeds for construction,
1982
-10,000,000 Warren
90-day
25-year 2%%
Tire
stock of 15
(December)-
Utica
Co.
&
$18,937,500;
\
Universal
1,
1972
18.7
V
America
Electric
St
Hartford'Electric Light
10,000,000 Florida
~
,
25,000,000 Firestone
1972.
bonds,
sinking
%
preferred
(February,).^
Union:' Carbide A
Carbon'
*jborp.i; -20-year
$150,000,000
(March).
Gas
$5
1948-1956
$456,302,094
money).
35,000,000
1,
of
(prepay
35,000,000 Dow Chemical Co. 2.70%
due
1949.
Co.
1367
1972.$2,600,000
j$4,764,600*
•
par
Aniline' A
1' 10,000,000 Borden
.
1,
series,
250,000 shares of $3.50 cumulative
stock (general corporate purposes).
extensions/ etc.).
time (in paren¬
same
bonds, 3 74 7c
shares of capital
$10 par (strengthen financial condition).
117
.,
mtge.
Corp.
9003-construction*
10,031,028 Aetna
$680,511,786
53
23.3
:
JANUARY
St
Universal
f 11,000,000
list the principal issues of securities placed:
we
$50,000,000 C.
.
•Nov.
12,000,000
127:
$150,311,034'"
during the year 1947, giving at the
theses) the purpose of the issue:
$200,-
*
June
United
j".
"-s';30.8' '; ,/>■ 3i;8'
•
1st
(refunding $5,422,000;
of property $16,578,000).
1956-1967
30.2
.76-
$450,683*000
1,7.1
-■
.
due
notes,
15,
pipe line
bonds,
cumulative
Transcontinental.4;(Western* Air, Inc.,
notes,, due
United
.
!
;
$305,991,000
Percent oLtotal volume
7
•
ir/
•••■
*
income debentures
(sub¬
(refunding).
1912
Co.
(plant rearrangement)/
15,500,000 General
.
.
1,
'
July
64
..
i.
$834,540,269•
pre¬
■etc.77:777'f;
$418,577,5001 $728,557,500
35.3
•;V
r/ 33.5
33.8
-
-
30.6,
dividend
(repay bank loaus
,16,000,000 Public Servicer Co; of Coharado 160,000 shares of 4 >/«%.
-cumulative preferred stock of par $100 (refunding,
$C,219,«-
157-:
'v
51
-
——
Air, Inc.: »2%%*- 3-year convertible
-notes.,
$5,000,00a (February)v\
.x •**
due
""i-.,
*39.7,
issues—
of
Percent.of total volume
-
1,
$507380,385.
•
$3.25
cumulative
Light
(construction
stock- par
736.8,
■
v
of
par value
1977
aries/the
!
"
$957,337300
:.
W.34.ii
V:-92V
.
66 ^
:
*
.
,
1937—Number*of issues—;
„.
United
$418,775,000
218
.
sharps
no
Consolidated* Natural
I-
,
Volume*——$229,828,780
•
i
Packing Co.- 3first mtge.
bonds, due July- 1. 1962. $3,000,(July).., :v •;
/
Trans-Arabian Pipe Line
Go.,-. 2.55% - loan (guaranteed),-; due
Jan;-1,
1951-July.
1962. .$25,000,C-00
(August)/ V
; >
Z
Transcontinental A Western
United
;
—
-v....,;.;
,
7l9.620.512
!'
-
no
Corp.
•
$1
par
25.2
.
Foods
1977
Tucker
20,000,000
$«32^34.S50
i C-. 41:$
!
87;
$309,980,000
1938—Number
f
000
Dec.
**;
iqii
20,000,000 -Wheeling; Steel* Corp. 1st mtge. s. f. 374% bonds, series
D, due/ July .1,; 1967jtllnan.ee expenditures).
| ,v Z' 1,/. 'ji *
-
58
'
dup
'
:'
$272,897,500
y: v
64;4^;
.
,
'
|
Tobin
Union
W
-
$210,664,850
//.:21:2
£,:
issues___>.
Feb.
Co., $4.25
,
Onion's
|
i4t>
,
27.4
:
/22.2//'**; ./: *27.4r
65
Volume
.
bonds,
(February).
(May/
000
*
•
-
series
'
(refunding).
Iowa-Illinois
$869,999,739
23.1
.'',30.*'-
'"$180,977,500
$326389/904
: ;
29.6'
1939—Number of
Tlshman Realty &
Construction .Co.,- Inc.,
20-year leasehold 1st mtge.
loan... $6,000,000
(June).. <
..*.*«,
Union
-v
$500,000
bonds, due Sept.
8-year
Hollingsworth Co., 33/4%
May 1, 1962.
$300,000:
Two
v/"
20
issues
000,000;
1st
(December).
*
of
15,000,000 New
Manufacturing Co.,
Tidewater Telephone
Co.,
f*
/;
issues_/„r"
Jan.
serial
due serially June
notes,
(July).
Co.,
$1,000,000
,
'
<
-0223,269,700
of
20.000,000 International
23/4%
(July).
Tileston
80»
•
•
$2,000,000
Tide
due
33/a%
(June).
Brothers, Inc.,
Thermoid
:
1977
due
issues^-^^'.-..
!
,
bonds, 27/a%
400,000
Nov.
St
'■:
20,000,000 Pennsylvania
I
Percent of total volume 7 1
(December).
notes,
,
(June).
>r
$91320,000
r
«£
purposes),.
due
series, due
acquisition
t
Co.
Co.'372%
preferred
.
22,000,000
20.8
$499,148,114-
^
.
25.2
182.
'
'• *'
j
117
-;r,36.4.*
^
(
17.6
$370^42,625
issues
27/
'
'■
convertible,
Power
General
25,125,000
;
Large Domestic Corporate Issues During the Year l947
1948-1957.
l%%-25/s%-3%
Brothers, Inc., 2Vi% notes,
$1,000,000
Thalhimer
of
245
due
"
.
|
$722,001,687- $1,283,561,687.
+
GO
.
'
&
26,900,000 Pacific
t,
$1,672,545 379
-
stock,
corporate
35,000,000 Armour
j
3 72
35.5
-
t
21.4
—_
-_
-
"*•65
Volume-
-
mtge.
.
ordinated),
Total Year
*.
165
14.0;
1.
$40,000,000 Aluminum
Corp.; 1st mtge.
$120,000,000 (November).
(March).
--
shares
bonds
.
Public
Thalhimer
due
Transmission
1962.
•
■
$10,000,009 (October).
(Utah),
ferred
and
201
'
Volume i
4538,562,300
Percentof total voIume.' '- . <« ; *30.0
^
>•
1st
Co.
41,000,000 Dow ,Chemical
is
1937
(March).
notes,
(December).
Eastern
series,
Texas
of
mtge.
july
'
• ■
Last 6 Mos.
$561,560,000
1940—Number
$9,700,-
note, due April 1, 1952.
serial
15-year
Airways, S. A., 4%
000.000 (January).
$1,250,000
—
issues___„
1st
(refunding).
Telephone Co. ref. mtge. 2%% bonds, series
D
July 15, 1982 (repay short-term loans
and'construc¬
tion requirements).
-
-
z\-
Edison
10,000,000 Florida Power
$2,000,000
1957,,
1962.
TACA
Tellurlde Power Co.
of
mt
"
due
financing
171
Percent of total volume
i 1941—Number
!
,
Camp,
Percent of total volume
7
$ 125,C00,000 New York
$10,000,000
since
.
80
Percent of total volume
I *
cumuiative-"p*e*-'
30-year 1st mtge. bonds.
Springfield Gas Light Co.,
5-year 3%
000 (March).
Sterling Motor Truck
Co., Inc.,
(June).
$175,-
•
Co., 3%
15-year 3%%
1967.
1,
$450,826,055 $1,221,719 324
'
97
24,000,000 Kentucky Utilities Co. 1st mtge. bonds, series A
3%
du*
May 1, 1977 ($22,050,000 refunding; $1,950,000
cost nf
additions, etc.).
-
placements
issues-
Percent-of total volume
.
mtge.
'r
semi-annually.
$730,602,200 $1,392,261,085 $2,123,293,285
26.6^'
*
39.4"
'
33.8"
**.
1st
(December)...
from June 1,
of
Number
,,
.
Public Service
Co.*
$3,500,000 fJanuary %. Z
Southwestern Public Service
Co., note,
total volume
1942—-Nu:ui)er.«of.
j V
Volume
subordinated debentures, due Nov. lr
$700,000-(November).
Slokely-Van
May
•
1972.
China
L—_——-
Vo:ume
(Mar).* Z:
$2,250,000 f July).
Southwestern
Stetson
due
■<
issues—__
Volume
*
-
.
,
.
Southwestern Investment
Co., 4%
$25,000
due
corporate
Percent of total volume
i,
Sterling, Inc.,
loan,
2%%
Co.,
Volume
-
000
Mfg.
of
f 1944—Number
Oxygen^CoA, Inc., .4% .sinking - fund debentures," due Aug.. 1,
1957.
$500,0C0 (September);
V
Southern Pacific
Co./2% equipment trust certificates serie^ V/ due
1948-1957.
$1M00,OOQ (August). ' 1
Southwestern Electric Service
Co./. 25-year 3Vi % bonds due May 1,
1977.
1956.
V-.
)'
Southern
;
Towne
1945*—Number
»■'
15-year serial notes.* $1,000.000* (Octo-
ber),:.'-_."
-r
»1943-
-
203f580
(par
'
debentures, due Oct. ,1;
z.z
Southern Colorado- Power
Co.,
f-
loan,
:
Volume
Carolina Oaa .Co., 1st
mtge.. 4 % bonds, series-A,. due serially
May 1, 1949-1973... $60,000 4May:
/V'.V'
/;/ ' •
Southeastern Telephone
Co,*" 30-year 1st mtge.- 5f*->bwnds* $#50,00*
; (May);
Southern
3.9%
Corp.,
Percent of
.
mtge.
Bouth
vv;/...
32,000,000 Toledo
$2,000,000
Corp., 175,000 shares of capital stock (par $1).
1946—Number
Erie Counties,
Erie, " Pa.,
$410,000 (September). "
*'/
Drug Stores Co:,
,
^
St
$l,0(K),00av(September).1' - **.
;
Manufacturing £».„ 12-ryekt 4%%-.doan.-.$1,000,000. (December).-.
Boss,
Plastics
&
Colorado
1977
(January).
1947—Number
,
1962,
Crampton
(January).
etc!
40-vear
,
1, 1967.
notes, due May
*
Smith A
Bommers
&
private
1967.
of
1,
(refunding).
Feb.
due
Co.
-
Cyanamid Co. 391,076 shares cumul.
pref storir
series A, 372% convertible (par $100)
(refunding and «
pansion). ••••'.
39,107,600
,
sinking fund bonds, due
JLst mtge. 4 'A%
Grocery Co., 3%
A summary of all private
given in the following table:
$1).
Corona Typewriters, Inc., 3*/4%
notes, due July 15,
1957.
$2,300,000 (August);
Smith, Kline A French Laboratories, 27/a%-3%
loan, due Dec. 31, 1961.
$5,000,000 (September).
-'./■*
•
(W. TO Smith Lumber
Co., 3y2% serial notes, dated Oct. l, 1947, due
Oct.-1, 1967.;. $1,000,000 (NovemberK "v "
,
Lovett
Service
a
1a
American
(October).
$435,000
improvements
additions, etc., $950,000).
due June
series,
$1,700,(par
debentures,
2%%
'
40,000,000 Public
,
Transit
1967.
companies
,
050,000;
.1959.
1,
May
'
serial
bonds
mtge,
due
notes
1st mtge. bonds, series B, 2T4%, due June 1/1977.
Volume
(July).
(L.
stock
common
$975,000 -(August).
3%
4(4%
y;
Telegraph Co. 40-year 27/««7
1987 (advances to
subsidiary
for extensions,
1,
60,000,000 Consolidated Edison Co. of New York, Inc. 1st
& ref
bonds, 23/4% series C, due June 1, 1972 (refunding
(June).
12-year
'
,
&
June
Bell Telephone St Telegraph Co.
debentures, due July 1, 1987 (new).
1,
due s.-a. Jan.
ctfs.
trust
1st 6 Mos.
Simmons Co.; 75,000 shares of
4V»%
$100).
$7,500,000
Sisters
$100).
(par
,
Products
1955-62.
Sierra
Yale
1
(December).
.75,000,000 Southern
(February).
preferred stock
*
Manufacturing Co.,, 65,700 shares of
$1,084,050
1,
",■
equip,
due
associated
(June).
$500,000
Worne
tober).
(December).
iy2%
Telephone
bentur.es,
$2,500,000
bonds.
mtge.
1st
due
,
■
.
JUNE
$200,000,000 American
(June).
Radio
Shcller
&
3y4%
.
(April).
Water Co.,
$950,000
Wilkes-Barre
(August).
•*
r
15-year
Ry.
Stores,
.
$800,000
Co.,
1957. $2,940,000
1,
Auto
$1,000,000
1951.
15,
•
Seeman
Gas
debentures
convertible
4(4%
Co., 10-year
$1,500,000 (June)..
Lake
&
1948-July
1951.
trust certificates, series- I*
1952.^ $3,000,000 (November);
equipment
Mondayj January 26,
1943
*
Wheeling
(January)..
1%%
Ry.,
Gas
Natural
(June).-
.
■
4%
Natural
May- 1,1957.-
1,
,
Seaboard
Maryland
semi-annually June 1, 1948-Dec. 1,
Western
$1,500,000 (June).
/ *
1,240 shares of cumulative convertible pre¬
$71,000 (September). :
-
Products Corp.,
ferred
fund
'
Regis
1967.
notes, due May 1, 1962;
sinking
CHRONICLE
FINANCIAL
A
stdck
(par $5)
Eiqetric' Co.,
Inc.
Inc. 2,687,069
shares
(payment to American
in
Vestmen^Z^tansferred
to
company).
of com-
Water ■ worxs
for its
partial "consideration
(Del.) 2%%
Oil Co.
Service
Pities
20,000,000
THE COMMERCIAL
Number 4667
167
Volume
sinking fund deben¬
Secretary of the Treasury Snyder announced
.
(principally. for construction of
1967
due
tures*
new
offering, through the Federal Reserve Banks, of
1V8%. Treasury Certificates of Indebtedness of Series
A-1949, open on an-exchange basis, par for par, to hold¬
ers of
Treasury Certificates of Indebtedness of Series
A-1948, in the amount of $3,134,197,000, maturing on
J^n. 1, 1948. The 'results of this offering will be given
Brake Shoe Co. 199,101 shares of 4% cumula¬
"onvertible preferred stock (par $100) (refunding
$12,260,000, general corporate purposes $7,630,100).
1
American
19,910,100
tive
Water Works Co., Inc., 10-year 3% collateral
15,000,000
trust bonds,
due Sept. 1, 1957 (payment to, American
Water Works & Electric Co., Inc., in partial, considera¬
American
in these columns next month.
Outside of the above the
investments'.transferred to company).
El Paso Natural /Gas Co. 3%
1st mtge. pipe line bonds,
15,000,000
second 3# series, due 1906, (pipe line construction).
.its
tion, for
sto k,
preferred
Treasury Department in
Treasury bills, Savings Bonds, Tax Anticipation
Notes and Depository Bonds.
.*
I
Peabody & Co.V Inc. 112,974 shares of 4% cumula¬
convertible second preferred stock, par $100 (pay*
mer.t of notes, additional working capital);
f
.
te
;
Mining & Manufacturing Co. 100,000 sharer
of $4 cumulative preferred stock mo par)
(general cor¬
porate purposes i..
'
Alabama
Power Co. 1st'mtge. bonds, ZW'/e .series, due
10.000,000
1&77 (extensions, • improvements, etc.).
10,000,000.
fund
& Manufacturing
due 1 Oct., 1, 1967
Mining
Minnesota
debentures,
.
-
.'
v
Jliered
Dated
TREASURY
'
4v
Due
-
FINANCING
Amount
92
9
91
Oct 16
91
day
day
day
91 day
91 day
Oct 23
Oct 30
Applied for
.
Accepted
* •.
$
Total* for
Co. 23/4% sinking
(general corporate
6
Jutt 27
91 days^ 1,841,142,000July 3"
91 days
July 3 July lo
1,661,863,0^0,
91 days; 1,552,038,OOO'
July 11 : July 17.
91 days-' -1,600,-796,000
July-18
July 24
July 25 July 31,
91d&ys
1,671,145,000 '
iun 23
■1 year
July JL
2,7*1,897,000 July 1-31 July' 1 10-1-2 yrs.
559,024,568
12 yrs.'July 1-31 July ,
6,736,000
July 1-31 July c
2 yrs.
-231,274,600'
*
Transmission Corp. 1st mtge. pipe line
series, *due 1962 (purchase of, "Inch Lines','
Jones
1st mtge. 2%% bonds, due
$28,000,000, property improve¬
Total
Laughlin Steel Corp.
&
Sept;
60,000,000
1,
(refunding
1967
ments $32,000,000),
Price
Yield
1
Ctfs.
1
Oct
1
Oct
Treasury bonds
U. S, Savings bds.
Depositary bonds—
Oct
Tax
Total
of
indebt.
Antic'n
July 21
30,000,000 Consolidated Edison Co. of New York, Inc. 1st &. ref.
mtge» bonds, 3'/
series D, due Nov. 1, 1972 (refunding*.
for
(property additions, etc.*.
20,000,000
••
't.
.
.
;
Treas.
92
day, Treas.
bills
1,103,300,000
91
day
Treas;
day Treas.
bills
1,102,399,000
1,102,399,000
90
1,202,745,000
1
Ctfs.
bills
Indebt—
1,202,«45.000
1,466,650,000
1
U.
of
S.
•
«91days
v 91 days
99.850
'0.594
99.814
1,101,548,000
99.813
1,101.260,000
99.813
1,101,522,000
2,741,897,000 100
a
559,024,568
•0.737
Dec
for
4;
92
:
1\717,996,000
1.223,453.000
459,754,177
days
llmos.
91
day. Treas.
91
day
Treas.
bills
Dec 26
90
day
Treas.
bills
1
Treasury
a
2
1
b
1
.459,754,177
,
for.
Co. 19-year loan (pay bank in¬
working capital, $7,009,000).. ^
.
■:
2,563,000
'
series- W,
y
,AUgust»I-;_.*, -rfi-
--
.equipment).
stock,
series
July—
Certificates
.
150,000 shares
cumulative (no par)
A,
,
.
expenditures,
Minerals
12,000,000 International
loan
Chemical
&
10030,000 (B. F,) Goodrich Co. 2%%
19C5
(corporate
purposes).
9
3
Oct
Oct
.7
Oct 16
17
Oct 23
sidiaries
etc.).
.v*
notes
(expansion
68,421,000 Goodyear
Tire
Oct
*;
;
-
20,000,000 Southern
*
Edison
California
due
of
Dec.
1,
New York
due
10,000,000
Central
15,
Jan,
Delaware Power & Lirht Co.
3Va%
addi¬
Dec.
1,; 1243-1961
10,000,000 Georgia
1977
Auto-Lite
Co.
1st
(construction
and
Power
constituent
10,000,000 United
v
note,
corporate
,
Nov.
5
Dec
91
4
Dec 11
v
1,
(retire bsnk
construction,
r
note,;
,
91 days
Dec
1
13 mos.
Dec
15
12 xk mos.
purposes
(refunding
$5,056,165).
100
1
970,220,000
438,118,200
100
731,424,000
27,335,000
704039,00C
315,000,000
120,887,000
26 000,000
110,075,000
289,000,OOC
10,812,OOC
136,075,000
299,812000
20,000,000
96,175,000
35,000,000
154,035,000
115,000,000
t57,860,00C
116,175,000
189,025,000
172,860,000
2i,To5~6o6
70000,000
1887,000
-
1
90 days
10-12 yrs.
12 years
a
a
571,000 100
Total; for September
2 years
b
W-t
Certificates
Notes
for December-,-—
A
Total
*0.895
*0.931
,411,659,914
*0.940
1
a
for
2,205,000 100
177,160,200 100
2
Inc.
20-"ear
$4,943,835,
2.9#
general
i
July 31
July 1
July 1
July
July
1,201
1,201
1,301
1,101
2,906
99.761
*0.944
99.760
*0.948
989,000
620,000
99.760
*0.949
99.762
*0.951
373,000
10c
l'/a
627 ,079,000c 100
1 l/a
486, 927,504
a
58,000 100
a
367
Total
'
for
GF
Certificates
20000 000
Notes
The
Treasury Department announced on Nov. 28 that
32,906,373,000 in subscriptions Were received and accepted^o the offering of Series A 13 months iys%
Treasury Notes offered in exchange par for par to hold¬
ers ; of
Treasury Certificates of Indebtedness of Series
L-1947 in the amount of $3,280,792,000, which matured
on Dec.
1, 1947, the balance being retired in cash. The
Treasury Department on the same day made known that
5627,079,000 of these Series A-1949 1%% Treasury Notes
were
exchanged for the 2% Treasury Bonds which ma-rmred on Dec.
15, 1947, in the amount of $701,072,900.
The
Secretary of the Treasury announced Nov. 14 that
the bonds of
two outstanding issues which may be re¬
deemed at the option of the United States on March 15,
^6, aye called for redemption on that date. These is¬
sues fh&the
2%,.'Treasury Bonds of 1948-50. dated March
1941; ^nd the 2%% Treasury Bonds of 1948-51, dated
rj^'ch 48, 1936.' There are now outstanding $1,115,367,900 of
thev2% bonds and $1,223,495,850 of the 2%% bonds.
Total
New
Refunding
Accepted
91
day Treas. bills
1,302,515,000
day Treas. bills
1,300,023,000
1,101,548,000
1,101,260,000
1,101,522,000
Treas. bills
91 day Treas. bills
91 day Treas. bills Ctfs. Of Indebt—L
1,302,515,000
1,300,023,000
1,101,548,000
1,100,390,000
1,100,016,000
2,741.897.000
559,024,568
6,736,000.
231,274,600
Total
Aug
7
91
91
Aug.21
Aug 28
Aug
1
Aug
1
August
August
91
Indebtedness
5,490,641,893
12
58,110,000.
JUly-
8,646,389,000
Total
1,103,077,000
1,201,158,000
day Treas. bills
day Treas. bills
92 day
bills" 1,201,036,000
Treas. bills
.
indebt.—,
Savings bds.
of
Ctfs,
870,000
1,506,000
6,736,00C
231,274,600
799,411,168
sales of special
Savings
Life
System,
Insurance
Federal
Foreign Issues Placed in the United States
During 1947 foreign security issues, both government
and corporate, placed in this country aggregated $236,983,497 as compared with $196,792,500 in 1946 and $10*7,723,972 in. 1945. The Commonwealth of Australia suc¬
cessfully floated three issues aggregating $83,000,000, the
Government of the Netherlands $20,000,000, the King¬
dom of Norway $10,000,000,,the City of Montreal $97,811,000.
In the past 16 years or so
clusive,
Sept
4
Sept 11
Sept 25
1
Sept
Sept 15
Sept 15
Sept
1
Sept
Sept
Total
foreign idsdes have been of
undertaken
entities.
important
really
a
here
by
In those
foreign
seven
such issues
volume
municipal
1,301,679,000
1,124,838,000
459,754,177
(INCLUDING
of $9,119,-
floated, while from
New Capital
1919 to
1946—.
■,
'
1944—
616,239,67:
k
,
2,563,000
,
——
8,741,000
9,174,872
2,250,000
421,875
-
—
.1937————
1936—
-
...
——
——
~■
—
59,250.000
25,062,500
3,250,000
23,000,000
—
1931
1930
1.302,309,000
1929—.
1,102,179,000
2.208,348.000
1,102,179,000
1928—
2.208,343,000
1927——
2,577,70^.000
2,577,709,000
1926
Treasury notes—1,510,517,000
U. 8. Savings bds.
466,461,851
466,461.851
609,OOC
170,694,900
for September—
1,943,747,751
-
—.
170,694,900
1924.
1922—
1921
1,305,982,000
637,765,751
1920
1919
—
——
1923—
-
-
61.600.000
40,000,000
14,500,000
126,566,000
22,032,717
757,837.569
1,319,167,987
1,661,119,925
1,145.099,740
—
1925—.—.——
1,510,517,000
609,000
Depositary bonds—
Tax Antic'n notes,
-
147,000,000
65,062,500
222,250,000
179,500.000
116,000,000
61,200,000
61.733,332
66,015,000
268,222,000
1,135,779,390
779,870,286
61,200,000
133.332
26.015,000
253,722,000
1,009,213,390
1933...
1,302,030.000
1,302,890,000
■
87,750,000
40,000,000
219,000,000
156,500,000
116,000,000
1935—
1,302,030,000
1,302.8°0,000
l.?02.309.000
107,723,972
80,353,500
110,250,000
421,875
4,000,000
4,000,000
—
—.
———.
—-
$236,983,497
196,792,500
$87,978,500
188,051,500
98,549,100
59,353,500
108,000,000
21,000,000
—
Total
Refunding
1947—$149,004,997
1938——..^—..
5,931,788,000
92 day Treas, bills
Ctfs. of indebt.—
Treasury notes^.j^
was
corporate
CANADA, ITS PROVINCES AND MUNICIPALITIES)
Calendar Years
1939
August———" 6,548,027,677
91 day Tr?aA bills
91 day Treas. bills
91 day Treas. bills
and
years, an aggregate
were
1930, in¬
financing
bf
GRAND SUMMARY OF FOREIGN ISSUES PLACED IN UNITED STATES
1932—
Sept 18
certificates
notes;
Government Life Insurance Fund, National Service
Fund, Federal
Deposit Insurance Corporation, and
Loan Insurance Corporation.
tNet retired..
1934
for
and
Savings and
1941.
——L_—
Antic'n notes,
series certificates
Certificates Fund and Unemployed Trust Fund
and notes to Federal Old Age and Survivors Insurance Trust Account.
Civil
Service Retirement Fund, Foreign Service Retirement Fund,
Canal Zone Retirement Fund. Alaska Railroad Retirement Fund, Postal
1940
153,922,500
Depositary bonds—,
Tax
t561,495,000
4,370,028,000
sold to Adjusted Service
1942
1,103,077,000
1,201,158,000
1,201,036,000
1,301,079,000
1,124,838,000
459,754,17
2,563.00C
153,922,50C
U. S.
619005,000
20,617,616,000 16,247,588,000
months—
date, tha grand total has been $13,868,076,982.
559,02X568
.
bonds.
day Treas.
553,005,000
December
for
for
1943-
Aug 14
t46,600,000
t514,895,000
66,600.000
.
2,741.897,000
9,445,800,168
Savings bds.
Tax Antic'n notes,
for
69,113,000
•
38,110000
—
1945..—
Treasury Financing in December
21,105000
only modest size, but in the period 1924 to
funds
91
Depositary
90,218,000
•
2
9,194,433,404
months^-— 50,569,756,893 45,079,115,000
S.
November
December—
b
343,900 100
Total Amount
Typo of
Security
U.
20,218,000
^Comprise
105,000
938,000
93,111,929,467
months
91 day
70000,000
-r-
b
6,468,002,114
-
USE
July 17
July 24
October
a
basis, a, Comprised of three sepa
10-year maturity, are sold on a
yield 2.90%; series F have a 12-year maturity,
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 2J/c% interest,
b Comprised of separate issues, designated Treasury nctes of tax series
C-1947, C-1948, C-1949 and C-1950.
Series C earnings about 1.07%.
c Interest adjusted as of Dec, ;5,
1947.
(acquisition
1962
—
——
*0.912
•Average rate on a bank discount
series, of which series E have
July 3
July 10
-
NovemberNotes
rate
Total for 6
435,887,000
,
discount basis at 75, and
Dated
—-
:
......
Certificates
?
1,001,883,000 99.774
1,103,300,000
99.767
1,102,399,000
99.765
1,202,745,000
99.765
1,466, C50,000 100
367,343,900
12
/;
October—
2
214,729,200 100
58,000
Dec 1-31 Dec
for
Cm*
2 V'a
2,205,000/
177,160,200
Dec 1-31 Dec
series, due in
et<?.).
Manufacturers,
1967
160,850,0W
543.2390OC
August——
for
051,306
note, due Nov. 30,
&
99,779.+ *0.873
1,353,869,000
1,597,300,000
1,616,937,000
1,759,239,000
1,397,460,000
2,906,373,000
627,079,000
486,927,504
91 days
Dec 18
Total
(finance construction).
due - semi-annually,
notes,
1,101,584,000
—
days
Dec 26
shares of 4.88%
mtge. bonds 3%%
improvements), :
company,
Merchants
due
,
(expansion).
10,000,000 Rayonicr, Inc. 3Va%
of
.2.6%
Co,
2 years
Total
1st mtge. and collateral trust
tyends, 2 Va%. series, due in 1977
10,000,000 Electric
*0.855
411,659,914
12 years
(purchase of equipment).
1949-1958
6,150,000
21,185000
4
10-12 yrs.
equipment trust certificates,
2%%
RR.
*0.835
1,466,650,000
11 mos.
Nov 19
13,000,000 Gamble-Skogmo Inc. 20-yeat 3Vifo, loan, due Dec. 1, 1367
(general corporate purposes).
12,800,000
days
90 days
,
Dec 12
(working capital).
1972
1
Dec 1-31 Dec
25-year sinking fund
'2.80%
California
*0.827
99.784
1,404,303,000
1,555,254,000
1,538,029,000
1,606,910,000
days'
Dec 19
stock,
(Refunding).
loan
15-year
Corp.
15,000,000 Union Oil
1
Nov 28
unsecured prom¬
scries, par $25 cumulative preferred stock
loans, the proceeds of which were used for
expansion, etc.),
k
15,000,000 Chicago
Nov
91
Nov 19
800,000
Co.
167,000,000
564,424,000
—
Total
Co. 1st mtge. bonds, 3%
construction).
(finance
1982
in
99.791
99.783
1,103,005,000
.
92 days
-
Nov 1-30 Nov
Illuminating
Electric
due
1,303,753,000
1,104,764,000
1,595,477,000
.
common
23,000,000 Appalachian Electric Power Co. 1st mtge. bonds,
series, due 1977 (refunding $13,668,610, extensions,
tions, etc., -$14,331,390).
series,
Nov 28
22
Dec
'
;
31,579,000 Goodyear Tire & Rubber Co. 3,/2-23/4%
issory notes, due in 1967 (refunding).
20,000,000 Cleveland
Nov 20
Nov 1-30 Nov
shares
Notes.
•
Total for November™
1,007,517
Co.
Total
b
promissory
(payment of ;bank loans).
par
(
j
Notes
Certificates
^8,942,161,460
91
6.
Nov 13
Nov 1-30 Nov
3% unsecured promissory
facilities and general im¬
provements)..:'-
no
NOV
7
Nov 21
■<
Rubber Co.
product
(new
49,500,388 Phillips: Petroleum
31
Oct
,
program).
&
1967
due
days
91 days
91 days
.
20-year 2.70%
Corp.
1.149.92O0OC
99.791+ *0.817
h
Nov 14
'
«
Carbon
&
*
Total for October,
Telephone & Telegraph Co. 10-year 2%% con¬
debentures, due Doe. 15, 1/57 (advances to sub¬
and
associated
companies for extensions, im¬
provements,
-notes,
2
1,301,548,000
■
$357,532,600 American
150,000,000 Union Carbide
91
-
v
and
1st mtge. bonds, due May 1,
,' V ■;>
DECEMBER
129,265,000
1,279,185,000
;
.
a
1,943,747,751
days '1,617,358,000
.
Nov
vertible
92
1,393,846,000
1.513,865,000
Oct 24
Oct 39
91 days
1,441,104.000
Sept 22
Oct 1:;, t year 1,353,869,000
Sept 5
Oct 1
10 years : 970,220,000
Oct 1-31 Oct
l
10-12 yrs. / 488,118,260
V
571,000
Oct 1-31 Oct
12 years
214,729,200
Oct 1-31 Oct
2 years
3,(4r/'
capital
working
bank loan $6,625,000,
expansion $5,375,000).
2
Oct
;
17-year
Corp.
Oct
Oct
.
>
etc.).
(retire
plant
for. September_>__.__^^__„__
Sept 2G
12,500,000 Peabody Coal. Co* 1st mtge-. sinking fund bonds* series A,
4%, due Oct. 1, 1962 (retirement of term and bank loans
$3,700,000,
construction
and
modernisation
of mines,
acquisition - of coal reserves, etc. $8,800,000).
;
1
$
t970OO0O(
1,246,920, (MX
*0;802
August—
Certificates
issued
'
107,000000
22,205000
10,000,000
1,269,185,000
•0.80a
?/*
Net
$
2,781,449,00c
*0.789
1
Retired
$
17,906,617,OOO* 15,125,168,000
*
-
FINANCING
Issued
•0.766
:
854,329.404
8,340,104,000
SeptemberTotal
(Ohio) 584,117 shares of common stock
(capital
$10)
(par
Total for 6 months—
6,548,027,677
*>-,.
?
working capital).
13.872,779 Standard Oil Co.
HNTKA-GOVERNMENT
*
b
'
Co, 2Va'/o
equipment trust certificates
annually Doc. 1, 1„43»1J57 (purchase of
' *;
;
due
9.194,433,404
months—s. 93,111,929,467 82,440,621,000 10,671,308,467
'/«
Pacific
14,500,000 Southern
December—
12
2
2,563,000 100
153,922,500 100
.
; 153,922,500
•
(pay bank.loans,
for
for
.
»
Corp.:
Transportation
American.
$4.25: preferred
58,000
367,343,900
a
•
,
of
58,000
367,343,900
notes.
Total
*0.741
a
436,-27,504
486,927,504
bonds-
Antic'n
•0.752
'
14,750,000 Equitable Office Building 1913. Co., Inc. 1st mtge. ,.(3.7%3.75%-3.65'/M. 23-year .bonds (refunding).
'
' ,
14,700,000--General
Depositary
Tax
1,101,620,000
'
•0.741
1
2,906,373,000
627,079,000
591,02a»ill4
1,301,989,000
627,079,000
♦0.740
■
1,201,105,000
1,201,938,000
Treasury notesU. S. Savings bds.
notes
Dec
)
5,876,977,000
1,201,105,000
1,201,938,000
1,301,989,000
1,101,620,000
2,906,373,000
Dec 11
Dec 18
,
231,274,600 100
'■
2,203,000
177,160,200
,
6,468,002,114
bills
bills
Dec
%
Sept 4
9t'days 1,682,730,000 1,302,030,000 99.806
Sept 5' Sept 11
,91 days
99.801
1,654,445,000
1,302,890,000
Sept 12
Sept 18
91 daS?s '1,519,4)4,000
99.797
1,302,309,000
92 days " 1(364,389,000' T,102,179,000
99.793
Sept 19 Sept 25
10'mos.- 2,208,348,000
VUg 20
Sept l'
2,208,348,000 100
Sept- 2
Sept 15 12 Vt mbs. f 3,577,709,000
2,577,709,000 100
Sept 2
Sept 15 12 Va inds.
1,510,517,900 1,510,517,000 100
>
Sept 1-30 Sept • 1 10-12 yr$. \
466,461,851
466,461,851
a
Sept 1-30, Sept
609,000 100
12-yrs.
603,000
2 yrs.
Sept 1-30 Sept
170,634,900
170,694;900 100
15,000,000 Public. Service, of Indiana; Inc. 1st mtge. bonds, series G.
2%'h
due Nov., 1, 1977 (construction).
,,
•
■ ; .
: ;
.
2,205,000
November.
day. Treas.
Dec
•0.740
6;736,000 100
91
Dec
*0.740
99.813
99.813
99.813
99.908
1,124,838,000 100
1,668,267,00Q
1,633.803,000
411,659,914
'
177,160,200
99.905+ '0.376
AUg 26
Register
Cash
debtedness- $8,000,000;
.91 days
-
1,466,650,000
411,659,914
Savings bds.
Depositary bonds—
.Taj? Antic'n notes.,
Total
1,302,515,000
1,103,077,000
1,201,158,000
1,201,036,000
1(301,679,000
7
1,681,895,46C
7,260,266,000
1,001,883,000
1,103,300,000
Nov
1,300,023,000
1,601,741,000
Aug
Aug- 1
Total
(R;
H.) Macy & Co., Inc. 25-year 27/a %•, sinking fund
debentures, due Nov, .1, .1972 (pay bank loan.? $7,000,000,
general funds, $12,000,000).
;■
\
;";v'
15,000,000 National
571,OOC
214.729.20C
1,001,883,000
bills
'
.
970,220,000
488,118,260
8,942,161,460
day
2,983,000
1,544,000
214,729,200
.
October-.
91
3,730,000
•
9,445,800,168
Aug 1-31 Aug?! 10^12 y rs,
12 yrs.
Aug 1-31 August
j. 2 yrs.
Aug 1-31 August?
252,512 shares of common stock (par $10)
Duke Tower Co.
20,832,240
1,301,548,000
1,300,023,000
1,101,781,000
1,101,461,000
1,101,584,000
1,333,869,000
571,000
notes-
6
Nov
%
JulyJ__J.___»:_u._-_i-_______
8v. Aug 14.:
Aug 15 - Aug 21\Ug 22
Aug 28
.
.
for
YUg
Eastern
Transmission Corp. 3,550,000 shares of
common stock
(no par) (purchase of "'Inch Lines" frtim
U. S; Government; etc,),
/
'•
.
bills
Total
T
lug
.
Texas
33,725,000
bills
Oct
Dec
Government).
S.
bills
Nov
'
$
mOnths—.—1—L—50,569.756,893
.
U.
bills
Nov
1941
'
Eastern
from
'
1,301,548,000
1,303,753,000
1,104,764,000
1,103,005,000
1,101,584,000
1,353,869,000
970,220,000
488,118,260
bills
Treas,
Treas,
Treas.
Treas.
Treas.
Nov 13
DURING
Amount
-
•
!bonds,.&}/%'$
2
Oct
,
Indebtedness
$
Nov 28
present out usual tabulation:
now
Date
10,000,000 Stokcly-Van Camp, Inc. 15-year 1%% -25/s% -3% " serial
notes, due from June 1, 1948 to 19G2 (Working capital).
Texas
Oct
Nov
We
UNITED- STATES
purposes).
NOVEMBER
Refunding
$
Nov 20
e
Minnesota
10,200,000
New
Accepted
-sale of
Cluett,
U,257,400
Total Amount
Type of
Security
Dated
Oct
.
December confined. its operations to the
usual-weekly
Co. 130,000 shares of 4%% cumulative
par $100 (refunding).
.
Kentucky Utilities
13,000,000
Dec.
on
19 the
refinery).
120,000,000
& FINANCIAL CHRONICLE
1,086,160,500
996,570,320
280.274,600
257,652,913
.
1,576,820,900
163,564,500
204,693,300
1,724,684,425
1,349,793,040
221,147,000
248,225,445
79.941,679
125,265,000
1,307,307,500
1,244.795,765
• 360,216,279
;
383,450,887
138,998,000
* 750,770,031
5177.517,000
522.448,887
342,130.300
263,429,000
605.559.30t
634,511,034
527,517.000
50,000,000
,
10
THE COMMERCIAL
(430)
following1, tables
$
;
series
present a summary of
"special offerings" and "secondary distributions" as
compiled by the New York Stock Exchange for the year
1947. Although these for the most part are included in
our compilation in the months in which they occurred
we present them here for whatever interest they may
In, the,
have
for
v
■
,we
readers.
our
-V '
.
'
■
Arkansas-Missouri
*1 000 000
Special and Secondary Offerings
"
vately.
*1 000 000
x
Placed
'
4
5-9
Simmons
0-3
Tide
€-9
Bristol-Myers
Company4,900
Co.
first
due
1977.
19 'A
481,250
40
320,000
34
207,000
e~2G
20 %
263,250
7-1
Endicott Johnson
32%
196,500
Inc.;
31 Va
178,315
Securities
Co.;
Hattier
Sanford.
25,000
Co—
.
7-1!
Corporation—X 6,000
Lambert Co. (Thet——a.——jr—■>', 5,729
Pan American Airways Corp.—.—— - 52,100
7-18
Goodall-Sanford
7-24
Brooklyn Union Gas Co. (The)—
Penick & Ford, Ltd., Inc.—-
7-8
6-21
10-15
Abbott
10-17
General
Laboratories
i2-3
Inc
Montgomery Ward & Co
Champion Paper & Fibre Co
Spencer Kellogg &, Co
12-9
12-17
12-22
18,300
20
4,000
36
75 %
528,500
50
250,000
12%
296,125
5,000
23,000
34,000
15,300
—„
Rand,
—
;'v
144,000
7.000
—
Price,
Co.,
1
Merle-Smith;
,
259,875
Offerings
(1?>
Hirsch
———
$6,652,753
•;——246,329
i
Co.;
&
Mericka
J,
! Nashville
Steele
v
OFFERINGS
:
1947
Shares
,
Issue—
1-27
Philco Corp., 3%%
5-12
Philadelphia
Chesapeake
7-29
preferred
Electric
98
1,100
Co.—
Ohio
&
X
Sold
Price
-24%
40,000
Value
-
f -■*
—No Sales—.
■
$531,777
21,595
3%%
Ry.,
first mortgage bonds,
finance
construction.
&
Securities
Co.;' John
Inc.;
Co.;:
Hill
B.
&
Co.;
&
Ross
Roger
S.
1962.
preferred
11-13
Borg-Warner
Corp.
12-3
Shamrock
&
Oil
515
•
'
53
—24,000
Gas
(Thet—
101%
4,240
— —
"
-
22,161
52,401:
1,174,533
bonds
Corp.
int.
'
—
23,200
7,635
$1,980,126
due
29
Gas
1980.
Sold
Offerings
(5)_—
92,540
trust
7 '■
DISTRIBUTIONS
STOCK
-■
BY
APPROVED
Stearns
' 7v
EXCHANGE
1-9
Company—
United
5.7C0
2-18
Biscuit
•
Co,
of
43%.
$249,375
America.
Broadcasting
Inc...class
2-18
11,100
2-24
100,000
Detroit
Edison
2-27
11,500
Pacific
153,753
3-19
144.250
Columbia,;
Inc.,
:■
Broadcasting
Pennsylvania
58,300
51,740
The Budd
4-1
125.000
C.
4-8
25,000
G.
4-9
61,300
Cerro
5-2
125,0C0
5-5
Acme
57,100
5-12
5i,9oo
6-9
Oil
Co
Co.
(N.
'J-,,,,
I
500.500!
1.226,138,
1,711,125:
4,445,000 i
7.7'
32%v:
Packing
31%
<
7-15
29,040
Sun
7-15
30.100
8-27
60,000
Vertientes-Camaguey Sugar,
Phelps Dodge Corp.—
Philip Morris
—_X—
International Harvester ._X_~—7'
Associate's Investment Co—
XX
28%
31
120,000
218,000
10-8
32,800
E.
10-15
10,000
Intertype
10-15
R.
Squibb & Sons
10-22
78,379
36,000
Lehman
50,190
Pacific
11-24
41,270
Keystone Steel & Wire Co.—
Pacific
Gas
&
Electric
Electric
12-3
41,713
Johns-Manville
12-5
20.000
Borden
12-16
710,500
Total
Natural
.
Gas
X'
'■
v":
.;
27
'825,000
$94,260,925
give complete details of the capital flota¬
tions during December
including every issue of any kind
brought out in that month.
xXX../XX;>7')xXX>v'~;
*1,250,000 Teluride
"X
we
;
first
mortgage
...
Mutual
Co.
Life
Life
3%%
bonds,
Insurance
sinking
Mutual
-
;'
pose,
i
Than Five Years)
1
i
.XU'tXv
/">■'•■:X"
$12,800,000 New
York
.-.j.
:
Co.
of
,
with
,
X 4
s, x"
;
Priced
to
turity.
:
•
-
RAILROADS
RR.
.
yield
from
Offered
by
X-X"-:;-' \X;X';-' '7;: :i' /'V,;
2%%' equipment
,
Purpose,
1.50%
to
Halsey,
purchase
2.95%
Stuart
,
&
of
equipments
according
Co.
Inc.;
to
R.
ma-'
-X:X-..X:X;'/r Purpose,
* '7.x',,
:
Co.,rand
Provident
v
:
Pressprich & Co.; Blair & Co., Inc.; Equitable Securities
Corp.; Hornblower & Weeks; Otis & Co. (Inc.);
Phelps.
.
'
/
.
-
&
Co.; L. F. Rothschild &
Co.; A. G. Becker &
Co., Inc.; Gregory & Son, Inc.; Harris, Hall & Co.
(Inc.);
.The Illinois Co.; Burr & Co., Inc.; First of
Michigan
Corp.; Graham, Parsons & Co.;
Hayden, Miller & Co ;
Kean, Taylor & Co.; R. L. Day & Co.; Hirsch &
Wm.
E.
Pollock
Co..
Inc.;
Swiss
&
Co.;
issory
7,500,000 Seaboard
mortgage.v3%
series
C,
RR.
2%%
due
F,
1.40%
to
&
Co.;
Shields
'"'X'x
purposes;
Northwestern
XX'':X
$357,532,600 American
vertible
to
.
:
Mutual
X
,
subsidiaries
by
and
etc.
stockholders
&
due
3,b
,v
series
extensions,
Price,
l
•'
Co.
1977.
additions,
Offered
Securities
Corp.
by
sold
Co.
par.
on
10-year
2%%
Purpose,
companies
Offered
subscribed
for
working
for
•X X
pany,
*2,000,000 Dr.
•
.
•
V
^
-
for
Hobbing
capital.
CO.
X>
poses
Of
Placed
N.
Cigar
'
union
*
,
-
•
xxX: ;Xx;;;x|;Xf
3%>. unsecured
Co.
promissory
&
Rubber
unsecured
Purpose,',refunding/
insurance
■
3Va-2%%
Co.
1967. ;
to
.
cumpaihes.
prom-.
Price, par.
,
'f
'
•
TRADING, HOLDING, ETC.
Purpose,
•
MISCELLANEOUS
7
•
37c
Inc.
1,
refunding.
Placed
V:'
15-year .sinking
Purpose,
1962..
insurance
an
:
working
fund
debentures, due
privately
capital.:
Placed
Lehman
through
company
Brothers.
-Placed
Inc.
privately
Co. of America.
•
Union
working
ance
Co.
Prudential In'
■
,
1. KJ67.
loan, due Dec.
capital.
Co.
of
with
America:
1962. Purpose,
Prudential Insur-
;
3%% loan, due
Placed privately
'
4
■
1,
Dec.
*'
4
■
•'
3V4-3V2% bonds.
refunding
($1,452,000)
expansion, .. ($1,148,000).
Placed privately with Equitable Life Assurance Society of
the United States.
■
"
1
'
Bros.
Co.
1st
mtge.
'
.-:X.X'
.
-
leasehold
&
.
3XU'U"subordinated.sinking fund
*500,000 Interstate Securities Co.
X
note, due Dec: 15, 1954.
•
47c loan.
10-year
with
.
,
Purpose,
X*
.
,"
Purpose, working capital. ;
with Mutual Life Insurance Co. of N. Y.
privately
,1
Placed
r/,.
$32,150,000
Short-Term
'
.
Co.:
15-year
privately
Bonds
and
Notes
X-;x';i-: :X!.XXX-X.
other
industrial
Up to
(Issues Maturing
-.
manufacturing
and
'
■
X *$1,650,000 Gar Wood Industries, Inc. 5-year 3Va%> convertible notes
X
'
due
Dec.
1,
1952. * Purpose, additional working capiwn
:X ;.X.'>XX!
: Sold privately ($150,000) to C. W. Perelle, President, ana
,
X
.X
semi-annually
$1,500,000 to Edward F. Fisher.
;
.
.
••jX,-X'/X;'x'!:!X'X:X£:®S
miscellaneousX
X
*$1,250,000 Seaboard Finance Co4 4%; subordinated notes, due Dec. 15,
X'v
1951.
Purpose,
working capital.
Placed privately wi
*
;
"Mutual Life Insurance Co. of New York,
:; /' X;XX;X:XXX.;X
.
notes.
with
Y.
Offered
by
the
Purpose;-
Mutual
X
'
Corp. ,3\\7o
refunding
($950,000).
Insurance
Co.
Life
X'i^;Vsxticics-Vz'""^^
! (Preferred stocks, of
15-year
($1,050,000),
Life
Packing
bonds,
due
constituent
Ohio
1962.
com-
X
Co.
due
Dec. >1,
1962.
pur¬
Sinking
!
X
and
int.
*5,000,000
(R.
G.)
Le
Offered
by
to
Tourneau,
City Securities Corp.
Inc.
3%%
serial
notes,
Estabrook & Co.;
X
'*
■
1960.
and
loan.
an
,
Purpose,
corporate
institution through
purposes.
Placed privately with
Johnson, Lane, Space & Co.
taken
are
at par,
all classes of oommon
and
prices.)
wnile pi®
stocic
'
•
Power
Co.
75,000
F.
Cassell
*"•
X
X:- ■x
;
;
Harris, Hall & Co.
shares'
'
of
&
Stroud
Co.;
The
&
(Inc.);
Mason-Bagy
Laurence_ •
Richards '«
•■;
Meeds; A. E. Masfen & Co.; The Omo y..
Co., Inc.; and Strader, Taylor & co"
&
Co.;
Milwaukee
Co.
Co.;
1"°.;
Kay.
150,000 shares of
$20).
Purpose, ^
Offered by Paine, w
Jackson
&
Curtis;
Stone
&
Webster Securities
Mitchum, Tully & Co.; Dean Witter & Co.; Lester «
Bateman, Eichler & Co.;
Laurence
M. Marks «
Telephone
Co.,
preferred
X cumulative
stock
Price, $21
purposes.
1948
Purpose,
repay
bank loans,
working capital.
privately through Arthur L. Wright & Co., Inc.,
Newborg & Co.
"
'
! x
'
s
*500,000 Merry Bros. Brick & Ti'e Co. 15-year 3%% first mortgage
'
C.
X
"
due
Shields
3,000,000 Associated
Placed
*,
Inc;;.
Laird, Bissell &
X-
fund
due Dec. 1, 1959.
Purpose, refunding ($375,000);
working capital and corporate purposes ($625,000),
Price,
100
'•
Marks-&
bonds,
.
value
par
value
par
offering
'
-
mortgage
stated
a
no
their
stock
(par $100);
Purpose, »
-';'X;;XX"' ;: ''"tions, extensions/ etc. Price $100 per share (flat ), '.oil
-X-XXXxV".'• for subscription by stockholders/-' Unsubscribed (bj,
shares offered by The First Boston Corp.; Union o.
V '
ities Corp.; Goldman, Sachs & Co.; Kidder, Pea boaJ
x
; ;: X vco.;
W.
C. Langley & Co.;
Lehman Brothers; bnn X v
X
Barney & Co.;-Stone & Webster Securities CorP-! w
'
X >X'-: "XxWeld & Co.; Equitable Securities Corp.; Scott &
: *
fellow; Spencer-Tratk & Co.; Central Republic Co. <
■ •
North¬
Co.
first
at
$7,500,000 Appalachian Electric
X
Xxv x cumulative preferred
Purpose, retire bank
privately " with
stocks of
computed
/"
Placed
4%X
-
•
•fx
ferred
-
.
general' corporate
loan.
Insurance
Co.
-
XX-:p''
privately with Metropolitan Life
Lehman Brothers. ?, , "
/
purposes.
Mutual
loan,
-
In¬
Placed
through
corporate
1,000,000 Kuhner
Power
Co.
first
mortgage
bonds
Purpose, refunding ($13,668 610)
($14,331,390).
Price
100%
Kuhn, Loeb & Co, and Uniotl
u
.
.
7
.
.
•,!
MANUFACTURING
Machine
working capital.
Purpose,
,
19481,
etc.
J.v.
1
*2,600,000 Halle
,
AND
stock-
15,
1
,
Placed privately with
Equitable Life Assurance Society of the United States.*
;X'X;;x,'X "•,
Pepper Co. first mortgage 3J/a% bonds, due serially!
pay bank loan, working capital.
Sold privately
Southwestern Life Insurance Co. in Dallas, Texas, x
.*2.000.000 DWG
con¬
by
"
bonds,4; Purpose.
xxx;;!.X xx>r'':xx/'-X and Including Five Years)
V%
due
and
Purpose; general corporate purposes.
;r
:
-
:X;X
notes,
Co. •
V:. X; ■ X
Rubber
due
,
*3,500,000 Grand
Purpose,
to
subscription
Exchanges Jan.
&
30-year
v
,
RUBBER
&
Tire
notes.
surance
4XXX X/X-X-X
notes, due,,; 1953-19574
Placed privately with Muttial
1,000,000 David Davies, Inc. first mortgage 4V2%
"!Xx
Purpose, finance purchase 01 stock Of
advances
extensions
Ziegler
3'%-4%."
*13,000,000 Gamble-Skogmo, IncX;£0-year 3 V4%
•
A
2.6%
-
Tire
Purpose,; expansion.
-
V x x x
'
v
'
*
mortgage
America
.
loan,
15W 1957,
($348,418,500
Electric
due
Dec.
associated
holders and $9,114,100
28,000,000 Appalachian
Telegraph
C,
B.
Canada Dry Bottling Co. of Florida,
*850,000
'
■'.X X;
Smelting Co. 3%> serial debentures, due 1948-1955.
Purpose,
acquisition
of
properties.
Placed
privately
through F. S. Moscley & Co.
V;,/X;'-X\x;(.
X
western
Telephone
debentures
y*. rXX'-'
r
of
,
•;' 'X'.X-X- XX.j
New) York,
INDUSTRIAL
*500,000 Cleveland
PUBLIC UTILITIES
improvements,
v
■'.";"X
7-
COPPER, ETC.
series
*400,000 Electromaster, Inc. 15-year 4%>
f
Church
,.
*
$20,300,000
•'
■:,.'•■•
<fe
Co.; Freeman & Co }
Graham, Parsons & Co.; Kean,
Taylor & Co; Wm
E
Pollock & Co., Inc.; R. L.
Day & Co.; First
of'Michigan
Corp.; Mullaney, Ross & Co.; F. S. Yantis
& Co
Inc ;
Mason, Moran & Co., and Thomas & Co.
*
;
*$600,000 Apex
i.x'.
v
ic
Rothschild
3%
..
OTHER
2 95%,;
Halsey, Stuart & Co*
Co.; Phelps, Fenn & Co.; R. w.
Pressprich
?,lair,,^ Co> Inc-: Equitable Securities Corp.!
Otis
? £°'X
L.
X":"--:"
equipment trust certificates#
15, 1948-1962;
Purpose, pur¬
annually Dec.
chase of equipment.
Priced to yield from
according to maturity.
Offered by
Inc7
:
1
Line
-
•,
x*7,500,000 American' Stores 'Co. 3%X notes, due Aug. 1, 1967. PurX/pose, finance increased,facilities, working capital.
Placed
'XXvvprivately with Metropolitan Life Insurance Co.... through
;:..:„X>X "'XX Lehman Brothers. » '
1
1
X;:X' -X';. ;',XX'XX":X'-'
MOTOR
Auto-Lite
surance
Air
sinking fund
($'/,u0Q,00u);' corporate XpUrposes# ($1,250,000).
Equitable Life • Assurance Sociely
privately
with
1, 1949-1961.
Purpose, expansion.
Placed privately
with
Equitable Life
Assurance
Society • of
the
United
States.
,"•■
■':
V-.
■'
:' ■' ^
v.:
.
Blair
-
x
,,
2.80% ,/25-yfear
Dec.
&
.
X:'''
X
Co.
%X/"X'-;; X;x':
The
Moran
•
■
by
;; r
—.('.'-"-Nov,
.
American
Corp.;
& Co.; Julien Collins &
Co.; Schwabacher
Wisconsin Co.; First Cleveland
Corp.; Mason,
Co.; McMaster Hutchinson &
Co.;. Alfred O'Gara
&
Co.; Rand & Co.; Singer, Deane &
Scribner; F
S
Smithers & Co.;
Thomas
&
Co., and F. 8. Yantis &
Co., Inc,
William
1
:
Holding' Corp.
*$4,200,000 Aldens,
Co.;
&
a-
.
, <St>. Louis)
10-year 3%.%
refunding.
Placed privately.
Offered
Gocdycar
'4! :,X>x
.
first
corporate purposes.
*$10,000,000 Electric
<,
.,
Lehman
-privately.
/f/
•riXv/XX'1:':*
W.
--Fenn
-•
,
.
California
INVESTMENT TRUSTS,
;
Co.
20-year
3*4%
sinking
fund
l'efunding ($360,0001 corporate-purposes
privately-through' Galleher-& Co."
X; Life Insurance, Co. of
■
v
-
835T
'pnvatciv
Co.through
notes due 1367. Purpose,: new product facilities and general
improvements.
Price,
par, X; Sold
privately to- insurance
companies.
!
$100,000,000
Sold
'Placed
Copper
1
-
2 9%
notes,:
Price,' 100Va and int.
Placed
privately through
Hall-& Co. 1 Inc.), > and - The First Trust Co. of
Lincoln, Neb. X"' vjXv-X .-v
X/
."'X'X"
*$1,750,000 Magma
is
|
■
Telephone
X'X.::'.;;.%"-;% .X-;'f;-r;' IRON,' STEEL, COAL,
trust certificates
»
<$5,056,165%" Placed
Insurance
Mission < Covenant
.
Sold
•
'
Co. ,'X-
/..
:• -
;
•
Co.
Co. -(Utah)
X"
.v
*31,579,000
•■(."/'/'Harris,
.X', X" ,v
/
Nov
privati^
■
'
'I
3V8%;
fund
:/"■:)
Service
$460,082,600 .X' "X"! :v(XX X;.X '' X:'
: *
Central
due Jail. 15. 1949-1958.
y
>
du^>
Placed
Covenant Hospital and Home of
Mercy, Chicago
tge. )(2%-2%-3% ) seriaL bonds; due ;1949-1962. Pur-"'
erection <01 oui tnng. Price,101 according to ma-
turity.
sion.
Long-Term Bonds and Notes (Issues
Maturing Later
m
,
.
*1,250.000 Western Light & Telephone Co.,-Inc. first
mortgage bonds,;
fx.'Xseries b, 3%%, due Dec.
1, 1977.
Purpose, plant expan¬
,
v
note
l,,!
y
Insurance! Co,;X| (-*$15,600,000- Chicago's-Carp. -15-year loan,
Life
Insurance
privately
Public
Purpose,
'. ($340,000);
h
Hotel: Co.
*68,421 000 Goodyear
3% J
additions.
,-XX-Xr
,
'1st
$9,550 ,000
mortgage 3%%X bonds,
Sept. 1, 1972.
Purpose,- refunding ($625,000)#! addi4
tional capital
($625,0001.
Sold privately to seven insti.tutional buyersX through XKidder, Peabody - & Co.,
and
bonds.
'X; XX
Life
cf
Purpose,
*8,250.000 Union's
-
X\X: ;%• !■•';;:'X';y.X/:XX Xyr
Placed
*700,000 Tidewater
X
4%
purposes.
purposes
Brothers.
.X1 refunding,
X"*;'.1'.,V.•
Purpose,-4* property
■-1';,Mitchum, Tulley &
Details of New Capital Flotations
During December, 1947
and
Utilities
Power
promis
'
Swedish
x
,*
X'-:,X.xX';
due
X
,
■ ■
"X"-'!
bonds,
Purpose, refunding ($750,000);; corporate
.•
Below
mortgage
(Ind.V Home Telenhone Cor first
Insurance Co.
irately
companies.
15-year
"X '.
Placed
privately with
Xof the United States.
privately
3%V30-year first morta
gage bonds.
Purpose, construction.
Price, 100.50.
Placed
privately with bauiiabie: Life Assurance 4 Society of the
United States, and Mutual Life Insurance Co. of
N, Y.X
through Dillon, Read &-Co.„Ine.^'X
.,;;:X; .,v :'X " '
19,183,500
distributions—.
Sold
par.
^
,
fund
;;
first
Co.
Ncrthwesbem
*9,700,000- Southwestern
1,710,233
-
Co.,
Mutual
($250,000).
X-X
1,893,261,
41l/4
Co._l__
:X;XX'';X;X;:X bonds.
1,882,125-
41
•X
Inc.; and.
mortgage-'-sinking
v
Price,
Co.
Utilities
\
*1,000,000 Richmond
;
loan.
•!'' "■;:
X
■
Telephone X Co.
first
mortgage
bonds,
3%% .
1967.
Purpose, extensions, etc.
Placed
through Morgan Stanley & Co., and Coggeshall i!
.
1,764,000s
45%
_
& Co.,
'.
series, due Dec. 1,
privately
XXX'.-<fc Hicks.
?
37 %
X—_j ..IT.---—
Co,
Northern
1947—34
Corp.
Co
•V';,
3,076,3761
,549
&
*
«V* a
X
Mutual Life Insurance Co.
:
.
.
.
6,594,500
to
Connecticut
.
| / "X v..
nrivo/i
Manufacturers, Inc.. 20-year
1967.
Purpose, refunding ($4 943
/'A ' ;
300>000 Evangelical
;
X
" series,
improvements.
.
*1,500,000 Peninsular
601,7269,960, f 00;
39'A
Corp.
Gas
-
2,527,500
30V.t
and
.privately.
lr;;1967.
privately
X:
477,838:
83
*
X,X
(-
1,655.280 !|
42%
Corp
11-12
XL)
15%
'
eXDnmin
Placed
LAND. .BUILDINGS, ETC.
mortgage 3%%: bonds.Purpose,
7./"
Nov.
y
Purpose
•
Life, Insurance Co.
first
York.
due
Lehman
•
Xx
Purpose,.-refundingm$500,000);
($50,000).
Co.
Insurance
New
1959.
&
1,
Co.
*$1,000,000 Coronado
:
bonds,^ 3%:%
by Blyth
first
(1967.
1,
Placed
Life
■
,7.
■'*: 270,000!
20,839
9-8
57
3%
Mutual
*2,500,000 Montana-Dakota
1,016,800?
27
8-28
10-8
Oil
s
x xixx
pnln
Driv^M
Corp. 20-year 2.70%
further expansion program
OIL
Oil
y'
con¬
series; due Nov. 1, 1970.- Purpose, property- additions."4:;
Price, 100 and int. Sold privately to Northwestern-Mutual*-;
:
71%
Corp.
Nov.
*1,500,000 Montana-Dakcta
466,750
2,426,750
.23%
„.4__
finance
,
;
42 Va
—-
T
"
;
series, due Nov. T, 1970. ' Purpose, ■ property additions.,)
Price, 97.978 arid int... Sold ■ privately,, to Northwestern
Mutual. Life: Insurance Co. X
-.1,;
X
C v"."''!
'
912,500
V
Offered
Co.
purposes
Northwestern
construction^'
;
J.t_—XL/—L''r69 %/X 8,640,625l]
Lines
Beechnut
.
1.961,600
46%
mortgage
*•500,000 Montana-Dakota,(Utilities
646,750
32
Gas
*200,000 Greenwich Gas
I 6,046,875
.
36%
i—*
-—..—-X—————.;—
Air
Visking
140,000
1,807,300
48%
,
Pasco—
Steel
United
2.560,438
31
Abbots.' Laboratories
52,650
6-13
Co.!
Colgate-Palmolive-Peet
7,000
5-21
Murphy
Standard
10,000
5-9
3,075,060
17%
to
713,000
20
due
.corporate
2.675.000
Co,—'———lX—X—..XT 12%
de
:
Falls
bonds,
&
3-24
Wochvorth
Great
loan
Placed
X *x X v, note, due Dec; 1; >1972.
Purpose;-working capital;-!: Placed
■•'■XX Xr■'"X.
privately
with. New
York
Life
Insurance - Co. through
R.'W. Pressprich & Co.-y,"
and
first
and Int.
A* 550 000
62
Power
4-1
W.
'75 333,000
26%
Light——L
Vertientes Camaguey Sugar Col—_
Greyhound Corp.
F.
423,000
30
X
_•
Cof,
Co.,
Purpose,-• ..-construction
System,
Co.___
Trask &
101.42
43/a%
Inc.
■'
x.,,-;*
*$15,000,000 Union
3%
Kidder, Peabody & Co.
;
,
30
class B_
Purpose,
Price,
■
i:1-.
,J'
Lighting
3-13
System,
series due 1977.
due.^.,1977...
-
Columbia
14,100
Value
?s,e'
America.
facilities.
corporate
"corporate
:.
due
Cc.
Metropolitan
Brothers..
par and
of N. Y.
Co.
p,
n,a,
Ivately
facilities/
of
plant
■
Co.,
Co.;
10,000, doo Georgia 'Power
Offering
Price.
■.
&
Spencer
Offering
Shares
Price,
1962
piarpd
>193,200,000
.
Total
No. of
1947
mortgage
CTUr'
lfe
Carbon
Hoe
Nov.
due
with
Price,. 101.75 and int.
Offered by Snields &
Weld & Co.;, Equitable'Securities Corp.,;
Beai\
Hallgarten & Cc»,; "LXF. Rotlischild"& Coif
Co.} White,
YORK
NEW
first
,
finnno.
Eouitphu
Light Co, first mortgage and collateral
3y«%
bonds,
struction.
SECONDARY
Co.
improvements.
Purpose,
10,000 000 Delaware Power &
Total
Electric.
&
privately to Mutual Life Insurance
221,415
51,906
Counties
*900, 000 Coast
;
&
Paul &
general
of
Co.
three insurance
Purpose,
note,
Palmer
12-year
note
*10,000,090 United.. Merchants
Co.;
Co,
Purpose,
with
through
,
convertible
Puroose
Weld & Co.
Fork
Union
*1,000,000
Copeland
Patterson,
loan.
expansion
Co.
Carbide
notes.
sory
Co.;
&
hV
es>
United
Insurance
China
privately
Co.;
&
Joyce
Mullaney,
Otis
Co.;
Co.:;
&
bank
ank
,
duo
privately ^with
States,
the
modernization ,.cf
Union
*150,000,000
Green, Ellis & Ander¬
Co.;
Haupt
loan,
through White,
& Kendall, Inc.; Phelps, Fenn
& Co.;: Wm. E. Pollock & Co., Jnc.; Schoellkopf, Hutton
&
Pomeroy, Inc.; Seasongood: & Mayer; Stern Brothers
'*■& Co.; Walter Stokes & Co.;. Stroud & Co.> Ino.; Sweney
Cartwright <fe Co.; Thomas & Co.;.-.The'^ Weil, Roth -iz,
Irving Co.; Wheelock & Cummins, Inc.; Harold E. Wood
; Co,, and F. S. Yantis & Co., Inc.
■
!
—No. of Shares—
Offered
•
Co.;
'
UNCOMPLETED
&
Son;
Ira
The Illinois
'
SPECIAL
and
Parker
&
bank
Stetson
*500,000
.
...
Fauset,
Gregory
son;
10-year
loan
n
privateiy'with aninsu'
3,%%>
Prudential
with
Offered by Halsey, Stuart & Co.
& Redpath; Bacon, Whipple &
Bear,
Stearns & Co.; Blair «fc Co., Inc.;, Burr &
Inc.; Byrd Brothers; Julien Collins & Co.; Dick &
Co.;
4%
Placed
Placed
of
Manufacturing
-retire
int.
101.08 and
Auchincloss,
Price,
Inc.;
Wm.
Total
*1,000,000 Soss
/'
.V
Co.
fUnd
wetire
Manufacturing Corp. 3%%. notes due
196')
pose, acquisition of constituent company.
Piarpd tll.l„?,N
through Shields & Co.
a puvately
-
338,513
28%
&
■;
1,768,000
22 Vb
&
Otis
p«t-8
•
*4,000,000 Shelkr
Dittmar & Co.;;R. J. Edwards,
Mullaney,, Ross & Co.; Nashville
Co.; Thomas & Co., and White,
Co.;
1962
note, due Nov. 30
acquisition of constituent company, etc. '
with Metropolitan Life Insurance Co.
Blair & Co.;
Illinois
The
20,000,000 Cleveland Electric Illuminating Co.
a'
3%
series,
due
1982.
Purpose,
366,000
52
9,000
—.
312,500
.
William
Inc.;
Corp.
Society
*10,000,000 Raycnier,' Inc.
due Oct. 1, 1977.
Purpose, property additions, etc.
101.93 and int.
Offered by Halsey, Stuart & Co.
31/4%,
:
.
4V2% ...gink.
Dec.,-1
Refractories
operations.
...•
6,000,000 Central Power & Light Co. first mortgage bonds, series B,
'
586,125
31 'A
—————
Mills, Inc.-
Remington
11%
10,000
Inc.
rent
- mortgage
reduce bank
Price,
Inc, >
Purpose,
15-year
due
.
refunding.
*2,000,000 Phillips-Jones
general
and
,
8,000
Co.__.-__
Associated Oil
R.
Purpose,
Assurance
*'
3V4%
P
Squibb & Sons
6,000
Mueller
Brass Co.L_____~a._-—is--'. J3.000
E.
*0-20
Water
American
1962.
utilized in expansion of properties.-int.
Offered by Halsey, Stuart & Co.
and
102.91
*1,450,000 North
Shell Provi-
and
v
Power
Maine
borrowings,
$156,800
32
.
Shell Pension Trust,
*
series
bonds,
,
.
Value
mortgage 1 bonds,
3%
capital expenditures.
Barney & Co. ;-
first mortgage bonds, 3 Vb %
finance construction program.
privately tp The Mutual Benefit
Sold
Co.;
A,
.
Co.
Purpose,
Fund.
000,000 Central
Market
Price
Offered
Smith,
series
loans, working capital.
Price, 102 and in)
Beecroft, Coje & Co.; Columbian Securities
Snyder & Co., Inc., and Seltsam & Co.,
inc.
•
Purpose,
through
99.517105.
insurance
dent
first
Co.
.
1977.
Electric
1977.
due
Price
Life
1,
privately
series
•"
Shares
•
,
Dec.
*1,000,000 Birmingham
COMPLETED
OFFERINGS
SPECIAL
Issue—
Hydro-Electric
due
Industries,: Inc.
debentures,
'«
.
,
250,000 Midland
- bonds,
Placed pri-
construction.
Purpose,
Monday, January 26,
1943-
3% 'k
first mortgage
Co.
Power
1977.
;
Bangor
series
,
1.947
due
C,
CHRONICLE
FINANCIAL
&
Weeden
&
Co.;
William
R.
Staats
Slocumb & Co.;
Edward
Stix .&
The
Ltd.
(par
Co.; Schwabacher
Wagenseller & Durst Inc.,
Wisconsin
Co.;
&
7^
per
»
share.
o
Co.;»Hill Richard
Pacific Co. of, California,
Davis, Skaggs •&
P..XJones
Co.
per
Co.;
,
-.
h
x
Number 4667
167
Volume
THE COMMERCIAL
n-1
7,333 shares of common stock. Purpose,
rreenwich Gas Co.
1,(00,000 Sheller
Price, $14 per share. ' Offered for sub- .
stockholders.! „*
•'
'* ,<
Utilities Corp. 50,000 shares of $4.50 dividend
by
rulf States
nreferned stock
(par $100).
,
'•).
privately through Stone & Webster Secur¬
program. -Placed
ities Corp.
;
,
,
■"
.
Power & Light "Coi 40,000" shares of 5%
preferred stock (par $100). Purpose. construo$102 per share and div.
Offered by W. C.
Langlev & Co.; Shields & Co.; White, Weld & Co.; Blair
& Co., Inc.; Carl M. Loeb, Rhoades & Co.; Paine, Webber,
Jackson & Curtis; Reynolds & Co.; E. H. Rollins & Sons,.,.
Inc ' L. F. Rothschild Si Co.; Granbery, Marache & Lord;
r
W. Pressprich, <fe Co:;. William Blaiv
Company; J. M.
Da in & Co.; Field, Richards & Co,; The Illinois Company;,
„
Price,
Co.
and Harold
P®y
California Edison Co. 800,000 shares of 4.88%
Southern
184K540
\-
r
aa'
•
Equitable
:
,
(
•
..
'
.
$41,337,662
&
&
Co.;
'-
Ohio
The
Co.;
common
;
of
G.
'
$9%
per
of
stock
capital
Price,
Riter
& Co.;
Walker & Co,;
H.
-
Petroleum
Co.
2,500
,'
•i'V
purchased by
-Underwriters:
r
Constitution
&
stock .(no
'.
&
W.
ipating
shares of
shares
%
Riter &
is
Allyn
'
Middlebrook.
3,000,000 Elliott
stock
poses:-Price, $50
Eberstadt & Co'.
per
Co:,
$54.50
Hall
'■
•
.
Co.
M.
H.
Byllesby
Clark,
Loeb,
W.
Rollins & Sons
H.
Shields
Inc.;
Equitable
&
Co.
&
-
v;
C.
&
A.
>
west
Co.;
The
Piper,
Pierce
Jaffray
Staats
R,
Co,
<te
Hcpwood;
&
Stein Bros.
Co.;
Anthony
Putnam
Van
and
Brothers.
Chas.
and
Scranton
W.
&
Co.
■'
'.-"i.; •;
27,000
-
360,451
:
^
$900 000
common
-
Securities
Overseas
and
"■*
and
Seltsam
290,000 Palestine
,
■
&
Rayon
and
10
stein
and
'
97,000
'
i v
288,875
i
inn
MOO.OOO
agents.
cumulative
reduce
AetnA
and
bank
participating
loans;
Securities
150,000
:
Price,>
Corp.
shares of
.
,
stock
$6
'
per
"
(no par). .. Purpose,
share.
Offered by
"
'
.
40,049
of common stock
by Ames, Emerich
shares
share.
Offered
Inc..
Price,
Corp,, 41,713
$41
share.
per
shares
of
Offered
stock (no
Stanley
common
by
Morgan
Co.
'
,,
Kcrite Co. 4,000 shares of common stock
Jackson
&
134,028 Nashville
(par $10).
Price,
Offered by Chai'les W. Scranton & Co.
Curtis.,
Qcrp.
Price,
$18
Vultee
.
holders
shares
7,446
Aircraft
share
per,
plus
common
share
stock
(par $1).
Consolidated
of
for subscription
Vultee Aircraft Corp.
Consolidated
of
of
one
Offered
Corp.
by
stock¬
19,183,500 Northern Natural Gas Co. 710,500 shares of common stock
'•/<;(par $10).
Price $27 per share. Offered by Dillon Read
& Co. Inc.; American Securities Corp.; Arthurs, Lestrange
v*
& Klima; Bache & Co.;
Baker, Watts & Co.; Ball, Burge
■
-!
V
,
&
Kraus;
A.
Co.;
(
Fitch
Barret,
Becker
G.
&
Co.,
&
Co.,
Inc.;
Bear, Stearns & Co.;
Bioren & Co.; Boettcher and
Caldwell'Phillips Co.; Chace,
Whiteside, Warren & Sears, Inc.; Chaplin & Co.; Clark,
,r
,
Alex,
Brown
Inc.;
Sons
&
W. Clark & Co,; E. W. Clucas & Co.;
Collin, Norton & Co.; Julien Collins
Codings
and
Co., Inc.;
Cooley & Co.;
Curtiss, House & Co.; DeHaven & Townsend, Crouter Ss
Bodine; Doolittle, Schoellkopf & Co.; Francis I. duPont
& Co.; A. G. Edwards <Ss Sons; Equitable Securities Corp.;
Fahey, Clark & Co,; Farwell, Chapman & Co.; Fausefc,
Steele & Co.; The First Boston Corp.; The First Cleveland
Dodge
&
Coffin
&
&
Co.;
E.
Inc.;
Burr,
Co.;
C.
C.
Granbery, Marache & Lord; Green, Ellis & AnderHallowell, Sulzberger & Co.; Hayden, Miller & Co.;
Stone & Co.; The Illinois Co.; Ingalls & Snyder;
Jenks, Kirkland & Co.; Johnston, Lemon & Co.; Kuy,
Richards & Co.; Kidder, Peabody & Co,; Lazard Freres
Corp.;
}.
TRADING, HOLDING, ETC.
'
by
First
-
securities.
in
Price,
.,
$25
■•V.
per
son;
& Co.; Loewi & Co.; Mackubin, Legg & Co.; M. A. Manley
and Co.; Laurence M.
Marks & Co.; The Marshall Co.;
'-r
Colony Corp.
:
-
"
"
f
share.
<60,112
shares)
&
by
The
^
.
:
"T
Lynch;
„'
,
': /
.
S
R
'Dickson
"
•
'
•
F.
•,
837,000 Orange
'.
Hutton
{
*
V
"
Moore,
W.
H.
Leonard
.fc
Newbold's Son
Inc.; Scott & StringI. M. Simon & Co.; Skall,
Pomeroy,
Si Co.;
...
.
Associates,
Inc.
10£',000
of
sharei
Price,- $7.75 per share. Offered
stockholders of National Research
Corp. by the latter corporation.
497,664 Pacific Intermountain Express Co. 15,552 shares of common
stock (par $10);
Price, $32 per share. Offered by
7
Mitchum, Tully Si Co.; Schwabacher' & Co.; Brush, Slocumb & Co.; Irving Lundborg Si Co., and Henry F. Swift
for
,V
&
Agnew
Concentrates
common
'
'
L.
,& Co.-
-
Co.;
Joseph, Miller & Co.; F. S. Smithers & Co.; Starkweather
Si. Co.; Stein Bros. & Boyce; Stifel, Nicolaus Si Co., Inc.;
Stix Si Co.; Stroud & Co. Inc.; Sweney Cartwright & Co.;
We^theimer
and
Co.;
Wurts, Dulles & Co. and Yainall
,v
& Co., Inc,;
*
'
Murch &
Cc-.;
Wm. C. Roney & Co.; Rotan Mosle and MoreRothschild & Co.; Salomon Bros. & Hutzler;
& Gardner;
fellow;' Shuman,
r
H.
Maynard
&
Co.> Newburger & Hano; Pacific Northwest Co.; Paul
& Co.,. Inc.V H. O. Peet & Co.;
R. W. Pressprich & Co.;
Putnam & Co.;
Rambo, Close «fe Kerner Inc.; Reinholdt
land;
Boston
Hutchins
Si
Schoellkopf,
William
Corp '
'
"
.
Mitchell,
Co.;
&
"
'
First
Co.;<
Merrill
v
offered
Inc.; Mason, Moran & Co.; A. E. Masten
McDoQald-Meore & Co.;
Mead, Miller & Co.;
Lynch, Pierce, Fenner & Beane; Minsch, Monell
Mason-Hagan,
of capital stock
funds,' Price, $13Offered for subscription by stockholders. Un-
Blair & Co.; Shelby Cullom Davis & Co.;
First of Michigan Corp.; First
'Southwest Co.;
Robert Garrett & Sons; Glore, Forgan
& Co,; Goldman, Sachs & Co.; Granbery, Marache & Lord;
>
Harriman Ripley & Co.,. Inc.;. A, M. Kidder & Co.; W.. C.
Langley'& Co.; Mead, Miller & Co.; Merrill Lynch, Pierce,
Fenner & Beane; Merrill, Turben & Co.; Milliken & Pell;
"The Milwaukee Co.; Maynard H. Murch & Co.; Pacific
;co of California; Pacific Northwest Co.; Paine, Webber,
jackson Curtis; Piper, Jaffray.& Hopwood; E. H. Rollins
&
Sons Inc.;
F. S. Smithers & Co.; William R. Staats
Stern Brothers & Co.; Whiting, Weeks & Stubbs; The
Wisconsin Co. and Wurts, Dulles
Co.
322 500 East Utah Mining Co.
1,075,000 shares of common stock
'
v'
(par 10c).
Purpose, exploration and development work.,
Price, 3Qc per share.
Offered for subscription by stock
; holders, underwritten by.F. Eberstadt & Co._
.
.
,
,
'l ^62 310 Firemen's Insurance Co. of Newark, N. J. 120,462 shares
of cbmmon -stock
(par $5). , Purpose, provide company
with additional capital and surplus.
Price, $10 per share
7
to shareholders; $11.75 to public.
Offered lor subscription
-V". '
by
stockholders.
Unsubscribed (32,965) shares offered
'
-by Blyth & Co., Inc.
~
*500 000 Interstate Securities
Co. 5.000 shares of 4V2% cumulat
'
tive preferred stock (par $100).
Purpose, working capital.
Placed privately with insurance companies through Stern
-V'i
'
.
Si
stock
(par $1).
subscription
by
Co.
'
7296,125 Remington Rand, Inc.
23,000 shares of common stock
"(par 50c.).
Price, $12% per share.
Offered by Paine,
Webber, Jackson Si Curtis,
"
7672,800 Shamrock
oh &
Gas
Co.
23,200 shares of common stock
Offered by Merrill Lynch,
(par $1). Price, $29 per share.
Pierce, Fenner & Beane.
'
s
,
.
Corp.
Co.,
'
American Insurance Co. 662.504 shares
(par $2.50).
Purpose, additional capital
subscribed
cumuand 29,000
investigate.,
common
share.
f2,006,000 Montgomery Ward & Co. 34,000 Shares of common stock
(no par).
Price, $59 per share. Offered by Paine, Webber,
'
'
$1 dividend
stock
(par $1).
Purpose, reduction of bank loans.
Price, $16
per share.
Offered by Dean Witter & Co.; Schwabacher
& Co.; First California Co.;,Walston, Hoffman & Goodwin; Bacon & Co., and Wm, P. Harper & Sn^ * C«.
Peter Paul, Inc. 11,955 shares of common stock (no par).-*
Purpose, expansion and working capital." Price, $25 per
share. ■ Offered for subscription by stockholders.
Reading (Pa.) Tube Corp. 200,000 shares 50c class A
Co.
per
$9 per
Price,
$24.25 per share.
•;
;
•
Inc.
Segal, as
Cement
&
y:::
r;;-.'"MISCELLANEOUS
-.
$8 612 552
per
David
of common
Offered by White,
shares
15,300
Co.
-
Co.
$1).
par).
"
Inc.
Co.,
investment
and
Offered
share.
$1,900,000
.,
establishing rayon plant in-Palestine, etc..
unit, consisting of 50 shares of preferred''
shares of common.
Offered by Samuel J. Rosen-
2,400.000 Permanente
Fibre
&
Price, $22'/#
Co.
1,710,233 Johns-Manville
,
preferred stock
puip^o-y. *piiv.tui.-r
Fenne and Beane and Hill
shares
of
common, stock
Offered by Otis & Co.
share.
.
Securities
Corp. 36,000 shares of 5%
cumulative convertible preferred stock (par $25). Purpose,
Corp.
cumulative
14,500
Paper
(no par).
&
Goodwin,
•
Inc.
Corp.
•; '
Inc.; Dempsey & Co,; Sills, Minton & Co,, Inc.;
Cohu
&
Torrey;
Amott,
Baker & Co.,
Inc.; Walston,"
Hoffman & Goodwin;
A. M. Kidder & Co., and Bond &s
1,000 000 First Guardian Securities Corp. 100,000 shares of common
stock
(par
$1).
Purpose,
purchase and investment in
securities.
Price, $10 per share.
Offered by First Colony
corporate pur¬
Offered by F.
1 lative
convertible
preferred stock
(no par)
shares of' class B stock (par $1).
Purpose,
feasibility of
Price, $1,000
::
Co.,
per
•'
shares
1,038,207
$9.50
Gcrity-Michigan
"\>; &
Guardian
First
purchase
>,
;r'
.
»
.-.
Financing
Gamble-Skogmo, Inc, 2,000 shares of common stock (par
$5).
Price, $13.50 per share.
Offered by Carl M. Loeb,
(par
:
-
.
Building Corp,
INVESTMENT TRUSTS,
-
.
•
Price,
Rhoades Si
■
t
consolidated
1.357%
Hayden,
-
Industries,
stock
1,034,518 shares of common
stock (par $1).
Purpose, refunding.
Price, $3 per
share.
Offered for subscription by common stockholders
of old company.
Unsubscribed shares purchased by Wert¬
heim & Co.,
Graham-Newman Corp., Cullman Brothers,
Inc.; Arnhold Bros., Bear, Stearns & Co., Hallgarten &
Co., Values, Inc.; Baker, Evans & Co., Inc., Kirkeby Corp,
1
.-:
.
18,000 shares of common stock
(no
par).
Purpose, retire, bank loans, working capital.
Price, $4 per share.
Offered by Beecroft, Cole & Co.;
iColumbian Securities Corp.; Estes, Snyder & Co., Inc.,
-
Issues-
Agency
Banks
.
Bigelow
&
$1).
(par
Weld
Co.;
•
buildings,- etc.
$3,103,554 Equitable Office
<
-
^2,000 Midland
,
Credit
(Inc.).
t,-
;
Government
Representing New
t338,512 Champion
Deane & Scribner;
& Boyce; Stern Bros.
.
land,
•
^
7
■.
•
i'('■'
■
4%%
(par $100). t-urposc, corporate
thrqugh Merrill Lynch, Pierce,
*
■
/
of
Co.;
Merrill
,
20,000 shares of
r', «»/.%•■
$50). Purpose,
share and dividends.
Co.,: 4%%
!
•
Bacon,
&
Not
$9,862,966 Brown
<
V
Sutro & Co.; Watling,
Stroud & Co., Inc.;
Co,;
and
Intermediate
New York.
agent,
C
Lefchen
" :::
& CO.; Whiting, Weeks & Stubbs; Boettcher and Company;
=::>:Bosworth, Sullivan & Co.; 11. F. Boynton & Co.," Inc.;
Brush, Slocumb & Co.; Butcher & Sherrerd; Julien ColJitiB & Co.; Crowell.
Weedon & Co.; J. M. Da in & Co.;
V
'•
R.vL. Day & Co.; Doolittle, Schoellkopf & Co.; Hoyden,
Miller & Co.^ Johnston, Lemon & Co.h A. E. Masten &
Company;.The Robinson-Humphrey Co.; Rotan, Mosle &
&
<&
Co.;
Blosser.
Loan
Issues
Singer,
Inc.;
&
debentures, dated Jan. 2, 1948, due Oct. 1, 1948. Purpose,
refunding. Price, par. Offered by Charles R. Dunn, fiscal
v
Milwaukee
Corp.; The
Swiss American
Parker & Redpath;
AUChincloss,
Co.;
William
V
Farm
Esta-"
Corp.;
Tucker,
Co.;
&
$45,215,000 Federal
Bond & Goodwin Inc.;' Green,
Bissell & Meeds;
Gardner;
&
Rauscher,
'
Straus
(Inc.);,
Whipple & Co.; Baker, Watts & Co.; William Blair &
Co.; : First Southwc-f Co.: Granberv. Marache & Lord;
Hv Hentz & Cb;; J. J. B. Hilliard & Son; The Illinois Co.;
Kebbon, McCormick & Co.; Mackubin, Legg & Co.; Maynard H. Murch & Co.; Moore, Leonard & Lynch; The
Ohio Company; Pacific Co. of California;
Pacific North¬
■;'4'
"
Pressprich
Freres
$22,618,012
•'
Wisconsin
;;
-
R., W.
Andersou; Laird
Hornblower
Inc.;
Legg
-
Co.; Dick
Otis &
Company;
Securities
Co.,
Lazard
•
Schoellkopf.
Inc.;
&
'
Co.;
&
.
,
(Inc.);
and
Dodge
Rhoades
share.
per
Unsubscribed
Lazard
Co.;
&
$10).
(par
$38
.
Co.;
&
Co.;
&
&
Laird
K.
,
&
Weeks; Kinsley Ss
Lee
Higginson Corp.;
Lynch, Pierce, Fenner
& Beane; The Milwaukee Co.; Maynard H. Murch & Co.;
Pacific Co. of California;
Pacific Northwest Co.; Putnam
& Co.;
Rauscher. Pierce & Co., Inc.; William H. Rybeck
& Co.;
M. A. Schapiro
& Co., Inc.; Chas. W. Scranton
&
Co.; F. S. Smithers & Co.; William R. Staats Co.;
'
Stroud & Co., Inc.; TJfft Brothers; Tucker, Anthony <Sc
Co.; G. H. Walker•-& Co.; Watling, Lerchen & Co.; White,
'
1
Weld & Co., and Whiting Weeks & Stubb3,
500,000 Wisconsin Central Airlines, Inc. 125,000 shares of common
stock
(par $1),
Purpose, payment of short-term loans,
purchase
and
conversion
of
aircraft,
working capital.
Price, $4 per share. Offered by Loewi & Co.; Bed, Furrell
<fc
Stcbbins, Inc.; Bourbeau & Douglass; Braun, Monroe
and
Co.; John B. Dunbar <Sr Co.; Gillespie & Wouters.
Holley,
Dayton
&
Gernon; Smith,
Hague & Co.,
and
share.
per
Hallgarten
Peabody
Co.;
(Inc.);
M.
Inc.-;
Reinhcldt
Co.;
per
*1,500,000 Knapp-Monarch
Co.;
Harris,
&
Dean Witter & Co.;
common
shares
(par
Co.
Brewing
E.
Co.;
&-Co.;
Co.;
:.'VEllis &
cumulative preferred stock,
(par $100).
Purpose, repay bank loan and finance ex¬
pansion.
Price, par. Placed privately with four insurance
companies
through- Glore,
Forgan &
Co. and Miller,
Kenower & Co.
'/r
;'Goebel
at
George
Co.; Folger, Nolan, Inc.; Robert Garrett & Sons; Goldman,
&
Co.;
Granbery,
Marache
&
Lord; ' Harriman
Mackubin,
Corp.; Morgan Stanley &
Blyth & Co., Inc.; Glore, For-
Inc.;
Co.;
Co."
Carl
Pomeroy,
and
brook
•
•
Co. .60,000
preference
sold
pre¬
refunding,
by
Sachs
-
stock
common
'
6% partic¬
(par
$10i.
Purpose, working
share.
Offered by Coburn, &
Cc.
stock
$10 per
Price,
and
Hutton
Republic
Merle-Smith-;
Hutton
5% cumulative con¬
Purpose, acquisition
of
20,000
Co.
Publishing
preferred
capital.
E.
Wertheim &
Co.;
Co.;
"
.
11,111 shares of common stock (par
acquisition of properties. Price, $27 per
subscription by stockholders.
Manufacturing
of.
stock
Price,
stockholders.
Adams;
Boston
Noyes & Co.; Kidder,
Weeks;
Central'
Vi
Purpose, finance construction v and m*
crease
working capital.
Price, $37 per share.
Offered
by Robinson-Humphrey Co. •
1
•;,%,
200,000 Danielson
First
cumulative
Purpose,
Offered
div.
.
Ripley
Pa.
Co.; Lehman Brothers; .Merrill Lynch, Pierce,
Fenner & Beane; Smith, Barney & Co.; Stone & Webster
Securities Corp.; White, Weld & Co.; Dominick & Dominick;-Drexel & Co.; .'Hayden, Stone & Co.; Hornblower
$5).
(par
underwriters
The
Ripley & Co.,
;
r ;
Hemphill,
v.-"'S.Freres. &
for
Offered
shares
o.'w.i';V gan &,-Co.;-Goldmaxr, .Sachs &
Harriman
i-
Co.
Purpose,
1,007,517
*
-
;
Weld
White,
Offered by Harry W. Mehl, Erie,
Co.
and
stock.
5'/
.
Purpose,.additional working
Offered for subscription
(80,987) shares offered by
underwriters;. The First
Boston
Corp.; Kidder,
Peabody1
& Co.;
Bacon, Whipple & Co.; Blyth & Co., Inc.; H. F.
Boynton & Co., Inc.; Clark, Dodge <te Co.; Coffin <fe Burr,
Inc.; Cooley & Co.; Shelby Cullom Davis & Co.; Percy
O.
Dorr & Co., Inc.; Estabrook & Co.; First Southwest
$1).
(par
$26 per share.
stockholders.
Unsubscribed
to-
share
series
Slocumb &
Co.;
Swift & Co., and
F.
common
Co.
2,700 shares of
series (par $100).
per
capital
by
'
shares
purposes.
Henry
of
to
Brush,
Co.;
and
1J47
$100
capital.
common
MANUFACTURING
50,000
stock ipar $100).
Placed privately.
Smelting
stock
r
211,861
Co.
Co.; Union Securities Corp.;
Pacific Northwest-
Company;
preferred
properties.
$10).
"2,500;000
of
Purpose, payment of bank loans.
Price, $49
Per
to stockholders; $54.50 to public. Offered for
subscription by stockholders. Unsubscribed shares (24,010)
Rupe & Son.
Smelting
share.
Co.
Board
Box
Dallas
vertible
ttive
shares
par).
share
(no
:'
4-
-
,
.
stock
(par $1).
Purpose, improvements to plants and loans to
subsidiaries.
Price, S21
per
share.
Offered by Paine,
Webber, Jackson
Curtis; Paul H, Davis & Co.; Brush,
Slocumb & Co.; First of Michigan Corp.; Courts & Co.,
:■
etc.
-
.
..
Co.
&
INDUSTRIAL AND
OTHER
-740,000
capital,
oil
Jackson & Curtis; R. W. Pressprich'.
Sills, Minton & Co., Inc.; Smith,- Barney & Co.;
R. Staats Co.; Stein Bros. & Boyce; Stroud & Co.,-
$l,05O,Q0O American
-
Paper
Clothing
Sold
shares of
shares
finance equity in
Mitchum, Tully
Purpose,
etc.
«Sc
Co.,
Si
Van
$23,215,098
Moreland
299,997 Apex
working
18,454Mi
v
$20),
&
Co.; Pre:cotl-Wright-Snider Co., and Kenneth
Sickle, Inc. '
7,600,000 Springfield Fire & Marine Insurance Co. 200,000 shares
A-com-
'
Securities Corp.;
$49,500,388 Phillips
»
of
class
Langleyv';& Co.; Laurence M. Marks & Co.; F. S. Moseley
&: Co.;" Paine,
Webber, Jackson & Curtis; G. H. Walker
Trask & Co.; Union Securities Corp.;
Alstyne,' Noel & Co.; Vietor Common Dann & Co.,
Whiting, Weeks & Stubbs. *
and
Cot
(par
purchases,
15,552
Placed privately
9,720
Co.
Baum
of
Offered by Harrison & Austin,. Inc.;
Securities Co., and Ferron R. Davis, Inc.
Price, $25 per share.
v-a
Spencer
*250,000 Apex
Purpose,
into
dividend
Corp.
Express
Schwabacher
stock,
Price,
w
"
Webber,
Paine,
William
Becker
G.
A.
Murch
Inc.;
Un-
stock
Lundborg
ferred
Brothers.
shares
Co.;
270,000 Palace
$47.50
..
Inc.; Blyth & Co., Inc.;
Boenning & Co.; Bosworth, Sullivan & Co.; Richard W.<.
Clark Corp.;
Cohu & Torrey;. Craigmyle, Pinney & Co.;*Crowell,
Weedon
&
Co.;
Francis' I.
duPont & Co.;
Eastman, Dillon & Co;; Emanuel, Deetjen & Co.; Estabrock Si Co.; Farwell, Chapman & Co.; First of Michigan
Corp.;
Glore, Forgan &
Co.; Goldman, Sachs & Co.;
Graham,
Parsons
& Co.; Granbery,
Marache & Lord;
Hallgarten & Co.; Harriman'Ripley & Co.,-Inc.; Hemphill,
Noyes & Co.; Hornblower & Weeks; Janney & Co.; Jenks,
Kirkland & Co.;
Johnston, Lemon & Co.; A. M. Kidder
& Co.; Kidder, Peabody & Co.; Kuhn, Loeb & Co.; W. C.
Langley & Co.; Lee Higginson Corp.; Lehman Brothers;
McDonald
&
Co.;
A. E. Masten & Co.;. Merrill Lynch,
Pierce, Fenner & Beane; Merrill, Turben & Co.; Maynard.
Co.;
Co.;
$1).,.
Hill
60,000
&
'
converted
/ & Co.,. and. Dean Witter & Co.
20,000 Wolfe Metal Products Corp. 800 shares of 6% cumulative
preferred ..stock, (par $25)... Purpose, working ca pital, etc.
Purpose, pay bank loans, other corporate purposes.
Price," $51.25 per share. Offered by Hayden, Stone & Co.;
Adamex Securities Corp.; Bacon, Whipple & Co.; J. Barth
H.
by
'
of $4
shares
30,000
insurance field.
Reinsurance
equipment
Irving
Co,;- E. H. Rollins & Sons, Inc.; Smith,.. Barney & Co.;
par).
&
Price,
subscription by stockholders.
Inc.
'►
com-
materials,-
raw
purposes.
•
,
,
of
share.
per
Bag &
Union
.
:&
150,000 shares of
Inc.
Trucks,
;
ACCESSORIES
AND
MOTORS
.
purchase of
Webber, Jackson ,& Curtis; R. W. Pressprich
....,
"..-t'-j*.
,
Inc.;
Wagenseller & Durst,-Inc.'
r
Power,
Co.;
&
Pomeroy,
Mack
.-v
.
<
Co.;'*
William R. Staats Co.; Schoellkopf, Hutton
Stroud & Co. Inc.; Bacon, Whipple
Co.; William Blair & Co.; The Milwaukee Co.; Maynard
H.
Murch & Co.; Schwabacher" & Co;; Stern '. Brothers -j
&
Co.;
The Wisconsin' Co.;
Bateman, Eichler & Co.;
H. F. Boynton & Cov, Inc.; Brush, Slocumb & Co.; Julien,
Collins
& Co.;
Elworthy & Co.; The Illinois Co.; HilP
Richards,-& Co.; Lairdr -Bissell & Meeds; (Lester & Co.;
Maxwell, Marshall' ife-Co.; The Ohio Co.; Pacific Co. of
California; Sutro & Co.; <: Watling, Lerchen & Co.) Ball,
Burge & Kraus; J. Barth & CO.; Bosworth, Sullivan & Co.;
Crowell,
Weedon
& Co.;, Henry Dahlberg Si Co.; , TheFirst Cleveland Corp;; J. J. B. Hilliard & Son; KirkpatrickPettis Co.; E. M.
Newton & Co.; Reinholdt & Gardner;
F. S.
Smithers & Co.;-Strader, Taylor & Co., Inc., and-:
$7,687,500
$6.50
shares
Co.
11
preferred
stock
(par $10).
Purpose, to
needs of clientele for enlarged under-
Intermountain
preferred
rew
shares offered by Morgan Stanley & Co.; Blvth
Co.. Inc.;. Claik, Dodge & Co.; Dominick & Dominick;
Hemphill, Noyes & Co.; Hornblower & Weeks; E. F. Hutton & -Co.;-' Johnson,
Lane, Space & Co., Inc.; Kidder.
Peabody & Co.; Laurence M. Marks & Co.; Minsch, Monell
•»& Co.;- Merrill Lynch, Pierce. Fenner & Beane; Paine,
.
•
»
Co.; A. C. Allyn Si Co. Inc.; Central Republic
(Inc.); Carl M, Loeb, Rhoades & Co;; R. W. Press¬
Co.
&
Price,
capital.
5,600
General
Pacific
(par
&
Shields
prich
stock
common
Inc.
corporate
for
with
194,400
(8,545)
>
Co.; Clark, Dodge & Co.; Coffin & Burr,'
Securities- Corp.; Lee Higginson Corp.;'
Hayden, Stone &
Inc.;
Co.vDean Witter &
Offered
|
.
privately
Reinsurance
increasing
writing" facilities in fire
.
company.
a.re-- °ffered by Blyth & Co.,' Inc.
,
Stanley & Co.; Drexel & Co.; Glore, Forgan
Co.; Kidder, Peabody &
of
working
Co.,
(no par), Purpose capital
Offered
for. subscription-
t
.
Goldman, Sachs Si Co.; Lehman Brothers;
&
other
Strong,.-Manufacturing
c'aa
e
stock
common
Placed
A
Purpose,
pari.
and
stuck, (par.
5,508,386 Union
Merrill
Lynch! Pierce, Fenner-& Beane; E." H. Rollins-& Sons
Inc.;
Salomon Bros. & Hutzler; -Weeden & Co.; White,:
Weld
of
constituent
share.
Star
non-cumulative
«
.
*c 'by GUnn- C»rey & Co.
'•
(par $25)
cumulative preferred stock.
Purpose,
bank loans, the proceeds - of which were used for
construction,
extensions', etc..
Price, $26.25 per share.
Offered By The First Boston Corp.; Harris, Hall & Co.
Co.;
Sulphur
">3,000,000 North
meet
Co. 30,000 shares of, common stock
.Purpose, .additional working capital, etc.' Price,
.
(par
company,
,
fi
retird
(Inc.); Morgan
stock
(431)
Atockv.(par,$ 10).-, Purpose, operating expense and retire("lent Of,bank indebtedness.
Price, $10 per share. Offered
>r
series
&
&
Motive
5v:^ i-v-W®
_
20,000,000
construction,
(no
wages
300,000 Steam
of
per
shares
subscribed shares offered
'
-
10,000
,
Herbert .a, Wolff
,
preferred
Offered by Fii-st of Michigan Corp.
.-.per, share:
iV,
0O,
Acid
4v-,:m.Price, $5
E. Wood & vCo. ,
...
Kentucky Water ^Service Co.
47,000 shares of common
e235,000
stock
(par $5).
Purpose, purchase of properties. Price,
$5 per share. Sold; privately to Bankers Bond Co.; Smart s
& Wagner,
and-',to .various individuals.
Mutual Telephone Co., Honolulu. • 150,000 shares series A
1,500,000
4 8H>
.cumulative preferred;stuck (par $10).
Purpose
repay
short;-term notes, representing moneys borrowed
for construction purposes.
Price, $10 per share. Offered
for subscription by
stockholders.
&
Southern
s,mon .stock
Murch & Co.; Putnam & Co.; Hawley; Shepard
Ineip Kiikpatrlck-Pettis Co.; Hallowell, Sulzberger
Co.1,
&
psr share.
.
266,000
Maynard H.
:
•
pumlative
tinn
acquisition
(approximately) $16.50
through Shields & Co.
f>5,00QL,Sherer-Gillett,
$1).. Purpose,
Indianapolis
4,000,000
Purpose,
Price
V-
■
' ' '
,
$1).
-(par
•
CHRONICLE
constitutent
Manufacturing Co. 65,700 shares
•>■.
^
5%
of
Placed Privately through Shields & Co.
Sheller
i
noiAB
1,084.050
Purpose, finance construction
FINANCIAL
Manufacturing Corp.
Purpose,
acquisition
$100).
construction, etc.
script ion
&
"
7205,875
Spencer
stock
Kellogg & Sons, Inc.
9,000 shares of common
$1).
Price,
$22% per share.
Offered by
& Co., and
Trubee, Collins & Co.
(par
Fahnestock
•
,,
,
-
-
*
;
,.'Vv.
v,
„
03 75.O
a
Brothers
Jardine
9P
■
V
!'■'
-
'
*
"
"
Mining Co. 62,500 shares of common stock.
•-.<!:
'
« --PrfAe
$>50 per share.
i-.rr
_
262 500
Co.-
&
.
.
.
-
•
r
Nationwide Home Equipment Corp. 100,000
tal
stock
(par
$1).
Purpose,
working
$2,625
per
share.
Offered by Henry P,
Pur-
Motors,
Price,
Marshall Si Co.
1,308,200 Western Natural Gas Co.
(par $1).
Price, $15.50
99,938
■
=Of-
shares of capi¬
capital
Price,
Rosenfeld & Co.
Sterling Electric
(par
$1).
stock
i
Inc. 10,250 shares
$9.75 per share.
of common
Offered by
Maxwell,
Weld
&
$37,637,292
'Represents
Co.
„
84,400 shares of common stock
share. Offered by White,
per
..
.
.
issues
placed
privately.
7Represents special offerings,.
12
THE COMMERCIAL; &
(432)
Chicago
General Corporation and
Gross
Butler Brothers—No Action
directors
The
share
per
the
25
the
stock
taken
was
in
1947
each; and Sept.
1,
usual
stock,
preferred
No action
common
cents
declared
the 4%%
on
record Feb. 4.
on
have
quarterly dividend
$1.12Vi
of
fohows:
as
March
June
and
l
Manufacturing
Increased, etc.—
The
stockholders
shares
An
of
initial
414%
preferred
each
a
stock,
the 6%
stock
such
share
sl
in
$xu0,
in
September,
held
are
cash.
Oct.
Mo.—Stock
last
share
Dec.
to
authorized
the
Nov.
year,
made
was
in
plus
$1,200,000
semi-annually from
loans
and
from
proceeds
the
Dec.
received
were
the
Mutual
used
were
balance
1,
from
L'fe
to
1950
The
to
June
Commerce
Insurance
retire
the
1,
Co.,
Co.
New
Kansas
York.
unexchanged 6%
Part
of
Fiscal Yrs. End. Sept. 30—
—V.
and
Other
Net
$475,538
$1,018,805
$698,715
25,256
37,627
$510,306
$1,104,805
$723,971
$484,091
124, C40
125,532
133,758
taxes
147
ASSETS-—Cash,
realizable
$470,564
BALANCE
values),
SHEET,
accounts
$278,151;
posited with California
State
SEPT.
receivable
inventories
$926,343;
of
$115,902;
$4,765,323.
(at
United
Treasurer
30,
States
under
of
'
;
bonds
due
"fixed"
(at
"income"
outstanding),
Treasury
;
■"
notes
$207,628;
deferred
2303.
p.
.
rate
of
per
2%
per
3%
year,
and
1,908,538
-2,570,025
848,592
892,382'
I
from
annum
June
1,
1947,
from
Net
of
$10
shares
of
when presented; voting trust
certificates
for
treasury), $542,740; earned
surplus, $747,472;
$4,765,323.—V. 166, p. 1783.
company
held in
/■
which
General
)
at
This
■''
it
■"
on
of
Jan.
the
four-place
17
war
railway———^25,027,432
income—-*
the
of
will
the
on
York
New
'f.
.
The
the
sale
1,
last,- L.
expenses
taxes
each,
mtge.
on
int.
&
in
elected
1929
became
249.
p.
Chairman
General
as
McCollum
•.
of
the
board
Counsel.
President,
Ho
'
succeeding
n™
n
.
Light Co.—Earnings—
1947—Month—1946
$1,047,837
182,162
:
1947—12 Mos.—194c
$902,229 $12,171,243 $10
3Rfi0Ss
342,046
4.859,134
381,397
____
3,976',946
131,999
92,896 V
78,457 •
1,850,251
1,485 793
1,352,973
1,155',085
950,943
937 579
$3,157,942
$2,830 653
$287,195
$256,831
360
Vwi
7,224
$287,195
$256,831
$3,158,302
$2,837 877
46,667
560.000
6,737
72,995
1
.
34,123,653
of
New
a
•
21,728,041;.
__o.
$231,948
83,361
'to
•
$203,427
530*000
I;
/ 78,712
$2,525,307
$2,199,165
61,821
786,452
.512*369
$141,606
.
$1,738,855
$1,686,796
334,935
.334,935
•
\
corp.
pfd. stk.
.
■
$1,-403,920 " $1,351,861
.
167, P.-152.
/■'
Daunt Corp., Brooklyn, N.
:
Y.—Buys Trenton (N. J.)
I Plant^r:y.;;^yv y-,v.7
'
;;,'ve;;;
i';A
one-story brick factory building, part of a
war-surplus engine
plant in Trenton, N. J., has been sold for $200,000 to this cor¬
poration, the War Assets Administration announced on Jan.
(parts
State
in Herkimer
plant
the
township
statement by
of
j
Frankfurt,
">
'..-.v.
8,580
14.
York
Utica.l in
46,667
deducs,
surp. reserve.;;,'
Balance
—V.
48,329,524
18,746,100
9,488,762^"
\
construct
bonds
and
income
The plant, other portions of which already have been disposed of,
was'operated during the war by
the Turbo Engineering Corp.
It
cost the. government $311,756 and has
a
present appraised fair value
of $207,000. ''
J.'..
.
new
The
;
Daunt
Corp. manufactures street
lighting
fixtures, outdoor
lighting and sign equipment and plans to manufacture
light standards
,
(in
the
newly-acquired
•
1,332
total,
n,
the
of
(Del.)—Elects Chairman—
been
F.
—
Babl carried
\
plant will havb approximately : 500,000
square feet of space
employ about 2,000 personst with an "anhual
payroll approxi¬
mating $5,000,000, according to W. .L. Lewis, President.
Construction of the new
plant, said Mr. Lewis, will start in
April.
Completion Is expected by March
1949?—V,;167, p.c
prede¬
tv
in
°n'~V-
earned surplus —
% , $148,587
;Dividends applic. to outstanding 4Vb%
will
and
sold
!
Jan." 19 in "a joint
the company,
Department of Commerce and the Utica Chamber
State
Commerce..
statins
■
aircraft
157,370,403 153,740,015
21,954,922
7,300,343 V
outskirts
on
delivP.-v
the 4,000
Stinson nersm, 1
$24,000,000
accrding to William w
Manager for
the
Convair
division
v
Sales
Gross income _L
I':",
railway—__ 160,599,006-147,665.314
disclosed
was
Delivo,,
.
reported
180,332
(Int.
-
company
County
•
ta
UsiVe-
1,
Corp.—Stinson
116,751
1,
Chicago Pneumatic Tool Co.—To Build New Plant—
;
'
l94j
is
l94a-'5ieXPi!,Ct,ecl
years
end
n,
than
more
revenues____
iTrans%.to
"Deficit—V. 166, p: 2308.
annum
com-
\
taxes
184,141,465 212,3^0,024 208,032,633
Other
26,112,664
43,454,264
61,498,268
income—14,418,392 - 12,044,618
25,674,638 29,911,641 1 j
Net
oper.
ry.
ttle
scheduled
•
Net ;Oper.
revenues.iOther income
railway——
from
Vs 6'7%
,
From Jan. 1—
other
capital (authorized and outstanding,
54,274 shares of
including 387 shares to be issued in conversion
are
^
the
•Depreciation
"
1947.' '
"1946 '■ •* ■ * ;1945-i
• 1944
v"
railway— $15,087,125 $13,769,374 $14,160,376 $14,321,852
'2,340,423": 2,470,465 > "717,320
4,446,630
oper. Income-—
6ll,788
1,601,892
752,446
1,930,069
ry.
Gross
on
and
the"
the
of
from
Period End. Nov. 30—
,
jFederal
-
p. 2556.
from
Net
charges,
interest
accrued
Dec.
Operating
(Operating
from
Gross
(Net
'Net
$33,433;
half
realized
'Moran, who retired.—V. 167,
6,449,582
617,492
November—
insurance
stated
shares
166,
m in
*
78,388
1—v.-'VV:
oper.
166,
—v.
de¬
from Oct.ul,
1946), $74,940; ice
deposits, $94,769; long-term equipment
purchase
contracts
(non-current),'. $67,029; 5%
fixed
and
income
interest mortgage sinking fund
bonds (due Dec. 1,
1955), $2,498,000;
deferred credit (storage charges billed in
advance), $26,375; compensa¬
tion
insurance reserves, $7,496; reserves for
contingencies, $30,000;
cessor
1,435,009
since
J. Cosgrove has
joined .this company
On
$533,581
G,147,419
1,232,011*:
'
ftouvl!
" 241,356
Chicago & North Western Ry,—Earnings—
*
one
reserves
1544
71,433
5,543,336
the
represents
program
Division
plane
than
more
volume
aggregated
railway—__ 209,749.252
railway
—
39,949,829
from
rv.
esti¬
or
compensation
.
within
of
rate
distributors'
.
and
contracts
A.
:
for
reserve
cost
payable, $211,383; wages payable, $58,258;
accrued, $345,260; taxes imposed on and withheld
employees' compensation, $28,177; portion of
long-term equipment
purchase
—
Stinson
Dallas Power
7,333,115
2,549,237
plant
Aircraft
Continental Oil Co.
-$565,308
.132,317 (
"6,479
"22,962,
y
1347
by
This
which
generating
Vultee
Jarpes
first
■'v' */< ■.:•••.-
.
income-—
from
Net
Net
1947
(after
lower
$76,798
.
LIABILITIES—Accounts
payable
$422,213
230,481
177,197
railway
From Jan.
(364,105
shares—31.87%
total
1945
kwh.
?(mount
2,885,969
from
Gross
$145,940
(face \alue, $17,500),
(at cost), $17,981; land,-$638,740;
machinery and equipment (after reserve for
depreciation
of $1,963,230 l $2,135,764;
leasehold improvements (unamortized
por¬
tion), $23,678; capital stock of Southern Counties Ice Co.
total,
$738,411 .r
railway——
oper.
•1946
•
in
served
uvrtoneiAh
period.
Dollar
-
%
ftvcfhm
personal
Klenke, Jr.,
167, p. 152.
8,435,910
.
set
distributed
areas
an
tv>Q
served
—,
buildings,
,
ry.
4000th
postwar
railway—— $20,343,333 $18,100,154 $18,394,733 $18,914,440
Net from railway
<
3,906,757-V A,509,42S
? 756,761
5,469,279
Net ry. oper. income—
1,312,087
12,416,671 ; 11,924,769
2,861,544
regulations
taxes
from
Gross
265,214
$421,136;
$21,959),
•
f lift
rtf
(represented
27,814,826
7,239,468
-2,336,687
692,292
wore
was
for
territories
statistic.
corporation's
.Other
215
444,127
its
;■
Chicago Milwaukee St. Paul A Pacific RR.—Earnings.
November—
V 1947 '
"
1946
"
1945
;
1944
,/
141,864
13,335
495,375
$198,746
CONSOLIDATED
from
f
income
"Deficit.—V.
•
JO,502
176,118
—
profit
mated
"
,
^.1.^—_
b.c.
27,089,671
CoraPared
of
_
$446,464
86,000
The
I
1944: ■/
$2,556,806
782,064
252,224
.
615,434
3,457,615
2,082,420
1947
oper.
from
Net
3,208,317
24,763
state
of
income
From Jan. 1—
.
Gross
~
3,827,874
!
24.690,807
5,904,042"
railway—I—
railway—^-4
from
;
4,359,428
);
435,3272^4,518
28,338,868
—-
2416.
p.
ry.
.
losses
railway——
from
Gross
1Q44
3,957,387
deduction
Net
324,915
November—
$3,654,781
Income
&
166,
Net
1945
1945
$2,431,885
701,909
'
week
records
4,000th Postwar Personal Airplane—
planes
railway
oper.
Net
$4,526,589
$2,577,434
826,625
Chicago & Illinois Midland Ry.—Earnings—":■*
Subs.)—Report—
inch
expenses
interest
Fed.
from
ry.
1946
'1946
•
,
the
Companies
10,014.800,000 kwh.
requirements of the
that of 9,383,500,000
Consolidated
,
MONTHS
11
new
in
use
.
From Jan. 1—
Net
$5,378,233
income
Gross
(&
—v.
.
FIRST
AND
$2,922,965
income-—
oper.
net
1947
Profit from operations
Bond
railway-^
railway-—a—-
from
$4,432,925
—
depreciation
Other
1947
,
J'.""
*
NOVEMBER
FOR
was
Revenues
and
ry.
Gross
V
Cost
7 '
System
that
part of the System expansion
approximately
$280,000,000
in
ic7, p. 249.
a
cost
determine^the
.
.
L°C&1
*
Consolidated Edison
niM«f
o
as
accepted/
from
from
Net
9,
£ California Consumers Corp.
or
be
kwh
year>
19
for
System's
c
will be
direcuors
of
220,500,000
corresponding
Jan.
distributed
1946
'
91r
194* '700oOQ
to
System distributes
electricity in
[the Bronx, Brooklyn, Queens
excepting the Filth Ward
(the Rn t
district), Yonkers and the major portion ox
Westchester Count*
Additions to the
!
Net
preferred stock,
on
tenders
that
that the board
before March 15, will
_
Net
added to working capital.
1948, the company paid a d.vidend of 50 cents per share
on
the common stock, par
$25, to holders of record Jan. 7.
In 1947,
the following payments were m"de: Jan.
11, April 17 and Aug. 5, 50
cents each; and Sept. 30, $1.—V.
155, p. 2180.
On Jan.
not
Mo.,
the
to
stated
than
The
the
for
on
Edison
of
meet
parable
purchased and the maximum price at which
Notices will be sent to all those making
later than April l of the acceptance or'rejection of then
be
■%
Gross
7.
These
City,
committee,
bonds
November—
$2.50
inclusive.
i:62,
Trust
of
EARNINGS
October, 1947, obtained a $300,000 loan bearing
$100,000 annually each June 1, 1943 to 1950,
15-year 314% s'nking fund loan, maturing $50,900
a
Bui tness, . President,
later than March i and
to
kwh.
amounted
7.6%.
total
A
1947
v
electricity
announced
electricity
"larger
.'.../r*..
of
was
Consolidated
9.706,033
2,702,335
offer
executive
tenders
The company also in
2% interest, maturing
and
"
W.
not
will
for
Nov.
on
to
offers.-
75
exchange
of 4*4%
preferred stock,
unexchanged 6% stock was redeemed
The
the
Holders of the 6%
offered
were
'
22,577,503
■
general income mortgage 414% bonds due 2038 have
tenders of their bonds for purchase by the com¬
the
of
Harold
amount
new
included
share
one
the
on
This
1S47.
15,
"1,449,848
166, p. 2307,
31,544,413
27,562,098
6,050,452
2,366,838
1,321,783
419,493
tenders
last.
30,
3,525,436
returnable
of
number
25,634,304
of
205,000,000
It
of
income—
invited
pany.
300 000.
per
on
1
to
with
increase
*
railway—*_
■V.
Holders
City,
"50,498
railway——.
oper.
$2,789,189
868,437
131,889
$2,060,661
"465,782
65,511
62,6311
V
kwh.
distribution
Chicago Great Western Ry.—Offers to Buy Bonds-
2,
or
100 COO
$1.31'A
of
par
rate from
Kansas
increased
8
from
distribution
preferred
cents at
Jan.
on
stock
common
Co.,
$2 077,201
103,147
18, 1948, amounted to 243,600,000 kwh.,
comoared with
for the corresponding week of
1947, an increase of
Jan.
1944
1945
i
.
,
248.
p.
from
from
ry.
been
Butler
,
income.—
oper.
"Deficit
a
cents.—V. 167,
15
Net
Net
payable March 1 to holders of
common dividend.
Payments
on
were
Gross
Common Dividend—
on
ry.
From Jan. 1—
2)
1946
railway
_<
$2,458,027
railway-——431.851
from
Net
Monday, January 26,
1948
RR.—Earnings—
1947
from
Net
Investment News
(Continued from page
Illinois
Eastern
&
November—
CHRONICLE
FINANCIAL
43.;«r";-:
1
property.—V.
163,
2723.
p.
(David) Davies, Inc., Columbus, Ohio—Bonds Offered
.
^
—The Ohio
Canadian Pacific
Allan
Chicago Rock Island
Ry.—Official Promoted—
V
The
.
C.
MacDonald has been
promoted to Executive Assistant to
the President.
He had been
Assistant to the President since
February
of
1947.—V.
167, p. 151.
;
-
V; of
4s
of
<
complete
Installation, it
; Most
of
for
to
fit
the
is
in
month.—V.
production
166,
V
railway.—-
$796,909
*
railway—--
from
Net
ry.
152.971
oper.
mcoifte—
From Jan. 1—
Gross
Net
ry.
Chesapeake
The
for
In
Coal
its
Coke
in
permit
the
to
to
serve
832,126
The
& Coke
Co.
railroad
had
mile
extension
mine
further
O.
of
the
of
This
asserted
the
expansion,
been
C.
a
service
been
the
at
advised
that the United
Western Ry Co.
location, and that the
Norfolk
this
to
&
started
O.
s
to
&
possible
will
Presque Isle
b*
Both
men
will
serve
pay
to
issue
for
the
Island
.
1947—Month—1946
"
on
\
.
B^ant haVe been
the
the
C.
&
on
Sbloi?tiSSarRgv,fpm0rg^niZiilg anfd
yan
yard
named
Jan
.
and
the
Assistants
of
Charles
C
R
Hook
Jr
'
'
representative
and
& O
puttin& in operation
or
3»/8%
V/B%
&
sand
j
debentures
;
and
Employes'
was labor relations advisor
to Mr.
also
before
Electric
on
June
before
due
1971
series
are
now
B/J
Sept.
a
him
and
in
company, Combustion
Rio de Janeiro.—V.
Commonwealth Edison
and
before
or
operation of
the
plus a
interest
accrued
Nov. 15, 1949, 4%; thereafter ana
thereafter and 011 or before Nov. 15,
before Nov.
or
l/a % I
1961,
to
succeeded
years
by
ago
individual
an
the
the
1960,
15,
thereafter
proprietorship until
June
business iounaea
and conduatea
packing
David
Ohio
in
incorporated
was
meat
late
1 %; thereafter
premium.
without
Davies
1936. (During
16,
Aug.
business was
plants,
slaughtering
beef, pork, veal and lamb; and manufac¬
.16,
the
1941,
operates two meat packing
of
sausage and a full line of packing house products.
The company
the capacity of a jobber in the
sale of butter, cheese, oysters,
and other food products and
in
by-products.
CAPITAL
;
•
consists
•
which
STOCK—The
60,000 shares
of
50,000
shares
authorized
of
.
purchase
"
of
cost
a
all
to
of
the
•capital.
stock
stock
common
issued
are
capital
■-*
and
<
c,„.
-
for
(par
$2
stock of
lo; 193L
business
company
the
of
share) .01
per
outstanding.
(.PURPOSE—Net proceeds will be used
Engineering
Co.—Weekly Output--
on
15,
through
On Dec. 15, 1947,
company purchased all of the outstanding
Zanesville Provision Co., which
was incorporated in Ohio April
and which has been
engaged in substantially the same type of
as has David
Davies, Inc.
VS
1948-56
160, p. 2756.
as
amount
3%;
BUSINESS—Company
1941, and
40
and
wholesale distribution
fish
available
new
thereafter
both located in Franklin
County, Ohio, and engages in the
Deben-
1,
1
redemption
j the period from Aug. 16, 1936 to
j managed by the executors. Company
\
due
Ohio: National Bank of
1962.
before
or
1951,
Nov,
AND
to
principal
On
15,
thereafter
or
16,
acts
Corp.—Definitive
debentures,
subject
Nov.
HISTORY
by
y
serial
are
2% ;
•1957,
:
at
>
-
:
-
(a)
following purposes:
tbe
the
outstanding stock of Zanesville Provision V*
company of $685,000; and
(b) additional working
*
•
•
Electricity output of Commonwealth Edison
Company and associated
excluding sales to other electric
utilities, for the " week
ended Jan. 17 showed a
11.1% increase over the
corresponding period
of a year
ago.
Following are the kilowatthour
output totals of the
-.past five weeks and percentage comparisons with
the previous
«..
1948
1947
241,935.000
17—™.
Jan.
217,730,000
219,183,000
205,501,000
235,144,000
216,068,000
Jan.
1947
Y
249.
% Inc.
11.1
'
!.;>,>
240,033,000
(David
Southern
Davies,
Inc.
STATEMENT
Zanesville
and
10 Mos. End.
Nov. 30. '47
11
of
Provision
Co.)
-Years Ended Jan.
-.
1945
$7,284,157
6,806,401
$477,756
$515,795
393,610
664.956
$1,526,021
$871,366
$1,180,752
1,243,935
615,970
$282,C85
$255,396
$423,627
26,586
32,102
j ' *
1»44
$9,352,318
8,836,522^
56,049
,
(
31-—~~~
'
1946
$18,213,108
goods sold—16,687,147
"v
INCOME
OF
i»to
iiuv. ju,
Sales—net
Cost
(
$°-7b
Gross
profit
Government
$1,526,021
subsidies—
.
v"42.653
" »-4C4
6.9
Total
6.9
Operating
Commonwealth &
COMBINED
Years End. Jan. 31—
5.1
199,402,000
224,480,000
*
CONDENSED
-
7.3
1946
'213,216,000
a
p.
f
year:
Week Ended-
Corp.—Weekly Output—
The
weekly kilowatt-hour output of electric
energy of subsidiaries
corporation adjusted to show general
business conditions of
served for the week ended Jan. 15-,
1S48, amounted to 335,212,596 as compared with 297,345,031 for the
correponding week in
1947, an increase of 37,867,565 or 12.74%.—V.
167, p. 249.
of
to
O.
direction
Bonds
•on
-
1947—12 Mos—1946
15,
-
sinking fund at the
^premium as follows:
years
11,339; 188 130,465,774 132,733,774
C
$60,292
$741,030
$751,737
due Nov.
on
Nov.
.!
buyers
securities
1947;
4%; thereafter and on or before Nov. 15, 1957, 3% I
or
before Nov.
15, 1959, 2%; thereafter and cn
15, 1961, 1%thereafter without premium.
and
•
unless otherwise specified.
preferred ' ^tock
Imd convertible
Ready—?
167,
Walbridge
.1951,
•
..
Gas
—V.
under
T 'm1"'
248.
19.
staff
167
p.
handling of lake coal will bring the
Improvement of the road's Toledo
facilities
costing approximately $2 000 000 have
announced
recently elected Vice-President-Personnel for
the
Mr. Morton, since Dec.
16, 1946 has been
tibolSv
sha'l
15,
trustee.
Interest payable May 15 and Nov. 15.
Callable on 30 days' notice as
;a whole or in part, otherwise than through operation of Sinking Fund,
at" principal amount and accrued
Interest plus a premium as follows:?
On or before Nov.
15, 1949, 5% thereafter and on or before Nov. 15,
way"
Ry.—-Earnings^—
27——_—
for
sellers
Nov.
j approximately
11,159,389
surplus——„y\ $36,731
20—
ana
.
the
Street
Dec.
jtarted soon at
doclu.
Vice-President—Personnel
"regular
This corporation has formed
Improvements
or
16,
be
Jan.
expedite
for
shall
Dec,
Bowman, President,
program
28,
Limitada, with headquarters
pro¬
joint use of
estimate of the cost1 of
the proposed extension
was made.
$3,500,000.
stock,
Combustion Engineering
Co., Inc.—Forms New Sub.—
:
would
Construction of 17 additional
tracks In the C. & O.'s
at Toledo,
Walbridge vard
Ohio, at estimated cost of
$1,500,000, has been authorized
by the directors, Robert J.
total cost of
preferred
166, p. 2101.
United
Additional Trackage to Be Built at
Toledo—
10
$5
its
Logan subdivision and would
242,000,000 tons of high-grade
had
Columbus,
issued"
companies,
&
Dated
r
mortgage
at
the
Guaranty
Trust Co. of New
York, 140 Broadway, New York, N.
Y., in exchange
^for outstanding temporary debentures of these
issues.—V.
present
requested
j
30,
per
Horsepen
read,y {P discuSs Plans looking
No
«
new
Jan.
to
167,
tures
,
Commerce
the
road
first
new
,.
issued"
Jan.
accrued
passengers
Definitive
proposed extension
and extend to a
point on
estimated
an
similar
provide
83,027
Interstate
new
"when
settled
tures
V
the C.
said
a
Jan.
Columbia
*
said
coal.
Coal
?'
of
recovery
;
6.94
•
railway
West Gilbert
near
The application
States
'
Ry.—Asks to Build Spur—
-
the
Balance
and
a
be
the
interest of 4% from Jan.
1, 1948, to
$1,000 bond—if* delivery is made as of
otherwise agreed, -Settlement 6f;' "when
Period End. Dec. 31— V
Revenue
;
'TfY
construct
to
after
—v.
"451,606
to
the
Cincinnati
1,861 ^64
the
that
shall
in
Association
Company s
income 4,/a% bonds had separate markets
for transactions with divi¬
dends
or
without dividends for the
preferred stock and with
back
,? interest and without back interest for the
bonds.—V. 167, p. 151.
8,142 511
with
in
Beginning
179^936
1,062.204
Mingo
bituminous
48,571
7,558,946
County, W. Va.
extension is
tributary to its
posed
133,995
349,770
Co.
1944
$771 031
.
620,805
authority
point
a
275'319
application
ruled
22'
National
share, on account of dividends on»the
1947, inclusive.
All contracts in Rock
per
and
1944
142,005
2307.
application,
start at
Creek
&
v
>
$680,014
234,745
Logan subdivision in West
Virginia
States
1945
$813,450
7,501.376'
filed
Unless
in the
'
securities
contracts
the
as
be
contracts
$20
;
1,471,542
& Ohio
has
company
with
Jan.,
on
new
issued"
well
as
Co., Columbus, Ohio, in December offered
$1,000,000 15-year 4J/2% first mortgage Bonds to bona
j fide residents of Ohio only..
*
Ry.—Ruling—
X;
-
v,..;V
p.
is
:..
8.591,025
income—•
"Deficit.—V, 166,
Commission
1946
46,832
railway-—
railway-—
oper.
'
production
be
Pacific
new general
mortgage.income convertible 4^8 of 2019
"flat,"" and sellers shall pay buyers $18 per
$1,000 bond,
representing income interest on the bonds for the
years 1944 to 1947,
inclusive. r; Unless otherwise
agreed
on
settlement of
"when
issued"
shall
each
*
:
full
' *
from
from
Net
1947
of
;'y;.y
Earnings—
-
from
Net
:
and
1475.
p.
^ Central Vermont Ry., inc.
Gross
requirements
:
line
new
next
November—
exact
stated.
was
the
scheduled
unit
1948.
contracts
.
The
new
machines/ designed for either air
conditioning- or low
temperature duties, operate at higher
speeds and are about half the
size and weight of their
predecessors, according to company officials.
The compressors are so
constructed that they can be
assembled in
more than
1,000 different
combinations, making it possible to "custom
tailcr"
each
shall
Inc.,;
railroad's
"when
&
Exchange,
delivery—$3.2222
Jan.-30,
"customized?' reciprocating
compressors,
was recently announced by this
horsepower,
,
of
the
of
1994
of
date
Stock
Dealers,
in
: Settlement
Carrier Corp., Syracuse, N.
Y—New Compressor Line
A
completely new line
ranging from five to 100
York
Securities
(contracts
,
corporation.
New
Net
expenses
operating
income
Oth-sr income
$
^9,063
^'•jV"
757,124'
,•35,161
13.347
this
Total
territory
Consolidated Edison Co. of New
York,
The
tricity
company
on
(electricity
Jan.
2i
generated
announced
and
that
for
output
the
of
week
elec¬
ended
deductions
Interest
;
Net
.
$308,671
7,774
105,800
i 347>233
$167,628
income for period
5.597
7,413
104,551
taxes
$168,628
$107,485
17,183
"Included in interest
expense is accrued interest of
ment
of
Federal
taxes
on
f509,508
27,758
10,313
?" 0.927
$479,677
$287,499
1,397
"35,093
expense
Prov. for Fed. .inc.
Inc.—Output—
System
purchased)
Other
-
income,
.
$2^1,Jf8 on
o-v
e
.
-
Dec. 29, '47 Dec. 30, '46 Dec. 31, '45 Dec. 25, '44
Ended—
Mnnths
Uollt "after
$8,665,000 $10.76<,388 $12,296,085
$14,335,000
1,813,000
-
charges-.
442,000
709,000
180,000
$1,104,000
cross-cutting;
$262,000
$342,002
$468,816
514,134
514,134
514,134
$0 51
$0.67
vork'ni?
onerptinns.
electric
$0.91
<
simH
Shares Purchased—
Nickel Plate
V
/
electric
both
motors,
light
last year's
its common
Profit
V2
and
recorded sharp improvement in its operations last year
e*1946 which was a bad year for the railroad industry in general
i-pcause
of strikes, wage and material increases, and the lack of
Federal
freight rates.
reduced its debt by $2,471,105 par value
through purchases of its own securities.
This debt reduction was
accomplished at a cost to the road of $1,668,318.
At Nov. 30, 1947, current assets amounted to $26,900,4)00, and cur¬
rent liabilities $13,300,000 or an excess of current assets of $13,600,000.
Mr
White reported the company's purchases of common stock
of the New York, Chicago & St. Louis RR.
(Nickel Plate) amounted
to between 40,000 and 50,000 shares.
Further purchases will be made,
he declared, as favorable opportunities
are presented. The purchases
which the D. L. & W. has made have come out of its own cash
.*
.
actual merger, joint operation of the two roads, with
officers,, could be accomplished, Mr. White indicated. This
woodworking
Co.
Earned
distribution to stockholders
stock on Nov. 10.
in
1046
3,927,521
—
552 748
—Z.I
78L421
——..u.—^
$9,076,337
t$1.61
$6,099,205
*Includes
share—
dividend
tBased
V
1947
1945
revenue
...
income..
after fixed charges—
:t
operating
of
$250,000 from
4,094,824 common
on
Donald
:t
income
after contingencies—
capital shares——..L
it income
Gibb,
announced
and
to
head
that
the
the
of
this
alike."—V.
the
November—
from
Gross
Iron
&
1
Gross
).
from
Net
ry.
—V.
has
the
Range Ry.—Earnings
/
■
166,
.*1944
$2,199,541
$3,282,518
$1,631,516
1,391,082
203,783
728,141
U.
713,598
175,929
380,379
36,795,010
33,178,513
38,945,786
18,39.9,420
9,710,846
15,546,751
20,379,185
11,208,593
*Loss,
•*.
.
587,307
*3,178,785
Net
36,216
*3,292,145
Net
1,688,824
11,693,675
South
i
$0.02
.v..
Atlantic Ry.—Earnings-
Shore &
■V.'ZSCZ
ICC
The
York,
New
of
Net
dividends.—V.
167,
sold
and
trustee,
as
99.6647
at
2C0.
p.
of
and
par
Detroit-Michigan Stove Co.—Earnings Higher
accrued
profits
)Earnings per
quarterly letter to stockholders, John A. Fry,
In his
"The
than
(of
lowest
possible
cannot
at
this
Division
sales
anticipate
about
of
607'
this
in
■
We
division."—V,
166,
..' -'v1
'
increase in
satisfactory
likewise showed an
a
continuation of
1681.
p.
DeWalt, Inc., Lancaster, Pa.—Stock Offered—Reynolds
associates on Jan. 20 offered 110,000 shares
stock
common
shares
and
offered,
90,000
(par $2.50)
20,000
Of the
at $15 per share.
sold by the company
to be
are
The
rata
pro
selling
the sale
of
share
estimated
,
t
stockholders- will
the
90,000
CAPITALIZATION
shares
entire
stock.
of
GIVING
the
common
EFFECT
net
stock
as
to
be
follows:
sold
by
names
company
t'.V
• ■■
■•••
Co.__„_
tattles
&
Co.; Inc._^_
:°bd & Goodwin Inc
W.
Brady & Co.—
«
1
i,500
Pacific
Henry
3,000
Inc.
Co.
)3ohttle
&
Co.„_
*• LEmerscn & Co.
'ahey, Clark
«•
&
M. Freeman
Ifnryr.1Hen'man
hh,
Richards
'
STATEMENT
OF
& Co.
Boyce—,2.000
Straus & Blosser_,
—2,500
Stroud & Co.j Inc.—-—.—. 3,000
Wagenseller & Durst, Inc,
1,000
Stein
2,000
1,000
INCOME.
YEARS
ENDED
SEPT.
1946
goods
general
expenses
$1,629,864
$873,646
1,235
$485,420
&
admin,
other
*
income
the company has liquidated
A
'
4,010
$1,634,095
1,921
659,147
$874,881
$489,430
9.208
431,100
$973,026
$434,573
$132,465
-«
r
AND BUSINESS—Company was incorporated June 19, 1928,
ennsylvania, succeeding to a partnership which had previously
oucted
the
business.
Company,
through
its
predecessors, is
neer in the
manufacture and sale of radial saws for high speed
ng of
wood, in which business it intends to continue to engjige
J?a ,nes. are also adaptable to similar cutting of light gauges of
ho' Plsstics anc* other composition materials.
The basic product
me:
DeWait saw, an electrically powered circular wood saw. sus«S0 as t? Permit horizontal movement, from an arm (w^cfJ
in
a
horizontal plane) attached to a vertical column, whicft
-
Ttro
counted
on
a-metal
J as, a radiql
r-Hoon
caily
table,. This type of machine is commonly
The free movement of the DeWalt saw and
work
saw.
^/"Stability to
a.l
woodworking
numerous positions,
operations involving
permits its use for
the use of circular
expressly designed for
metals; and ceramics
chemical department, It was
and
to
total
glass,
249,440
of
remaining 3,000 will
stockholders
G.E.
will
receive
total,
total for
the
year
a
electric
output
II.8%,
of
an
week of last year.—V. 167, p. 252.
tne corresponding
over
Georgia & Florida RR.—Operating Revenues1948
167,
—V,
provision
for
^
Federal
^ v"'
.■/'
Falstaff
565.
Brewing Corp.—Stock
.
the
for
of
.
plywood mills located at Olympia,
dDVtngfield Plywood Corp., which
tne
at Springfield, Oregon/. Coupled with the
Bellingham, Wash., controlled by Georgia
production of approxi¬
Corp.,
plants have a combined
mately 250,000,000 feet of plywood annually.
requirements of $4,500,000, were arranged privately
enabling
to make payment to Weyerhaeuser on a cash basi
augment its own- working capital incidental to enlarged plywood
distribution activities.
The new financing Involved a long term loan
and
of
to
from
$2,500,000
Citizens
The
&
a
group
Southern
by Bank of America and "including
Bank.
'
*
'
headed
National
includes the sale of $2,000,000 convertible pre¬
ferred stock and 15,000 shares of common.
Part of the preferred and
common stock was
acquired by TransameHca Corporation and others
for investment, and the remainder was purchased by investment bank¬
ers
with
the intention
of
offering it for public distribution after
financing
The
166,
*
also
with the Securities
registration
and Exchange Commission.
Hardwood Lumber Co,j with home offices in Augusta, Ga.,
plants throughout the South and on the West Coast.
In
May
1947,
the
company
purchased the controlling interest in
Bellingham Plywood Corp. of Bellingham, Wash., producers of Douglas
Fir
plywood.. The company's products consist of Southern and Applachian Hardwood
Lumber,1 Southern pine, treated lumber, poles,,
piling,
veneers,, hardwood
plywood and Douglas fir piywood.
Mr.
Cheatham made no immediate announcement of the operating plans
Georgia
operates
Z
Dividend Ruling.
of1
the
for
nine
newly
acquired
Interests.—V.
166,
p.' 2310.
on
ruled that the common stock be quoted "ex" said 100%
stock dividend on Jan.. 26, 1948; that all certiiicatcs for the common
stock delivered after Jan. 9, -1948, in settlement of transactions made
orior to Jan.
26, 1948, must be accompanied-by due bills for said
ytock
dividend; and that such .due bills must be redeemed on Jan.
28
1948
~
1 ' * J
■
The New York .Curb Exchange cn Jan. 21 approved the listing of
Jan
mill
in
l7'.,^nnounced that this
the Washington Veneer Co
Jan.
on
Georgia Hardwood
declaration of a 100'% stock dividend on the, common
value $1 payable to stockholders of record at the close
Jan, 9, 1948, * notice was received by the New York Curb
Exchange that the certificates for. the new shares would be mailed from
St
Louis
Mo., on Jan. 22, 1948:
.
;• The Committee on Security Rulings of the New York Curb Exchange
on
interest
60%
a
a
plywood
Bellingham Plywood
Hardwood, the four
Privately
approved
par
and
operates
Regarding the
stock
business
President,
has purchased stock control
Weyerhaeuser Timber Co.
Wash.,
additional shares of $1 par value
stock, issuable for cash in a private transaction.—
V. 166, p.
Cleatham,
R.
Owen
Financing
Three Ply¬
'
Washington Veneer Co., owns two
V.
Co.—Private
Mills—
company
•
Ltd., New York—Stock Placed
New York Curb Exchange on Jan. 21
Lumber
Hardwood
Georgia
wood
$0.56
income taxes,
''
153.
p.
Capital
$0.66
$41,200
Arranged in Connection With Acquisition of
350,009
350,000
1947
$47,800
Z-L-,—
Operating revenues
$1,956,515
194,929
$2,184,441
229,344
■■ \
for the week ended Jan. 16.
increaso of 16,371,346 kwh., or
this corporation
154,511,966 kwn.,
amounted to
1948
as
ago,
Utilities Corp.^—Weekly Output—
Public
General
The
.
,
of Dec. 19, is an increase of
when 248,424 men, women and
the company.—V. 167, p. 252.
•
#
compiled
stockholder
ever
organizations owned shares in
1946
1947
<
The dividend
paid tor each
'
Jan. 26, the company announced.
per
share, the same as the dividends
quarters of the year.
other
*
fourth-quarter
cents
I,018
(■'
...
:
•
bonding silicone rubber to
has been developed by. the
announced on Jan. 16.
payable
40
be
the
The
Its wartime
listing of 80,000
the
capital
pSTORY
a
for
districts
will
of
(& Subs.)- Earnings—
outstanding
^
share..——
and
ap¬
lighting specialists
E.
central residential areas
The
heretofore unlighted.\.
and
in
dividends,
common
charges
the
General Electric Co.—Has More Stockholders—
Light Corp.—Weekly Input—
Eureka Corp.,
316,905
/.Net '"come
income
G.
to
adhesive
new
A
40,059
ToTnital
south,
made
has
cuntiacts
large>t
according
company's
Distributions of $1.25
record March 1.
■—
2G60.
1
t,gross income_.—^—
Fro? for f c^arSos—„r„.
fC
foy.
income taxes____——
■.:■■■
composing
factories
24
and
.New Adhesive for Silicone Rubber—
Corp.—Accumulated Dividends—
•" *
*After
p.
438,670
,4.230
.
works
major
Chicago
of
tne
installed
itself
who
Power &
profit
shares
2.033,027
■:
1
City
north,
be
tasks
Manufacturing Co.
sales
*Nct
—The
,v8l
i
the directors declared a dividend of $1.25 per share
preferred stock and a dividend of $1.1428 per share
preferred stock, both on account of accumulations and
Common
1945
sold
'
the war,
Months Ended Nov. 30—
Net
.
$2,957,118
Operations——1—j
of
ing,
21,
"B"
Earnings per
$3,653,819
2,342,510
437,662
corporation, heretofore a G. E. affilatcd company,
z.
Under the reorganization, the foundry be¬
Jan.
nine
department, oldest and largest of G. E.'s seven operating
and which produces equipment employed
in the pro¬
distribution, and industrial consumption of electric power.
uf
one
in
Nemours & Co., Inc.—Changes
250.
3
30
$5,181,246
3,015,270
536,112
discounts, etc:ci—
of
of
contract for 7,260 street lights,
luminaires ever awarded in this
at Schenectady, N. Y.
This ord?r constitutes the first major step in
the city's $8,000,000
street
light replacement and rehabilitation program.
Installation of
the new units will begin early
in 1948.
Approximately 4.200 of the
electric
luminaires
will
replace the gas
and gasoline lights in the
'■ ' >.-■'
..
...
a
States
"A"
$7
$6
Ero
Bros.: &
1947
rwS sa*e-v
--
the week ended Jan. 15, 1948 the System input of subsidiaries of
corporation amounted to 61,660,000 kwh., an increase of 8,306,000
or 15.5/'« ,
over the corresponding week of last year.—V. 167,
p.
2,000
2,000
"
Co._
•
kwh.,
5,000
Minton
Elmira, N. Y., has been made
according to an announcement
of
company,
Supplying 7,260 Street Lights for Chicago—
The
For
this
1,000
Inc.—
1,500
179,425
707,986
director of the company
Electric
& Co.
—i—Li.,*.'
Skall, Joseph, Miller & Co.
Smith, Polian & Co.——
•
& Co.„—
&
California—
of
Robinson
Sills,
5,000
Co., Inc.
14,855
from
1,000
2.000
Inc.
*249,932
177,675
;
the $6 stock were made on Jan. 1, last.
Arrearages on these issues as at Feb. 1, 1948, before giving effect
to the dividends lust declared, arp said to amount to $114.25 on the
$7 stock and to $98 on the $6 stock.—V, 161, p. 1654. •
5.000
2,000
2,000
_i_
Co.___a.__.
&
Co.
C.
Inc.,
Co.,
this
2,822,500
payable Apr.il 1 t0 holders of
on
the $7 stock and of $1 on
Shares
5,000
t.
-
of
department.
one
duction,
•"
■
Jan.
On
'"VNo. of
&
Torrey.
Irowell, Weedon
,
'
2,4n5,300
493,190
2309..
p.
and
will
end
Foundry
part
departments,
the
Eastern
the
|urr & Co., Inc.—„
&
1
a
the
Morgan & Co.————
The
Ohio Co._
—
'°hu
'
..
3,337,900 " 2,464,600
V 826,321
250,429
Personnel—
the
Foundry Made Part of
Wcek Ended Jan. 7—
on
1,000
_
166,
unfinished
on
""
Trustee and Dean of the law
has been elected a director
164, p. 1593.
Committee.—V.
Co.—Elmira
Electric
eilective
paratus
*6,515
♦37,506
of great magnitude/'" . ::
Joined the organization in 1922 as a chemist,
in 1942, a Vice-President and mem¬
ber of the executive committee in 1946, and Vice-Chairman of that
committee a year later.
.
.
... ■
Mr. Carpenter
the new Chairman of the board, has been President
since
1940.—V. 167, p. 250.
Richards & Co.——
1,000
Marshall & Co.—2,000
Moore, Leonard & Lynch—
1,000
3,000
•
.7
inc.—,V
Greenewald
Mr.
became
Maxwell,
2,500
'•
■
comes
$168,300
activities, has reconverted its operations and organization to peacetime
endeavors, and has made important strides in its postwar develop¬
ments and' construction program. „The company ^has before it today
Kay,
1,000
V
du Pont de
'
many
bond,
Pennsylvania,
of
Execuive
the
Dissolution of the
$323,000
rail way—
of
University
of
integral
became
1944
1^45
-
been elected to membership on the executive comwho had been First Assistant Treasurer, was elected
Tieasurer to
replace Mr. Beadle, ■■■
,
In a letter sent to the company's 97,000 stockholders, Mr, Carpenter
stockholders to each are
and selling
.a":7
33,000
Co."inc.—
&
J 1943
company and had
mitte. T. C. Davis,
230,000 shs.
Shares
&
imott, Eaker
Ry.—Earnings—
.-.
member of the finance committee.
Mr.
du Pont
continue as a member of the board, while Mr.
Carpenter retains his membership on the finance committee.
At the same time '.t was announced that Walter J. Beadle, a VicePresident and member of the board, had resigned as Treasurer of the
Outstanding
No. of-
Reynolds
Pacific
■
and the number of
of the underwriters
the
Elmira
The
an
company,
"Since
Ail
Apparatus Department—
\
Greenewalt pn Jan. 19 became the tenth President of
succeeding, Walter S. : Carpenter, Jr., who was .elerted
board, following the retirement of Lammot du Pont
from the latter post.
•■■■■
In
addition
to assuming the Presidency,
Mr. Greenewalt became
Chairman of the executive committee, of which he had previously been
proceeds from
300,000 shs.
$2.50)
(par
UNDERWRITERS—The
shares
of
member
71,524
3,975,642.
PRESENT FINANCING
TO
Authorized
Common
and
Crawford H.
said:
are
of $24,541,831.
Co.—New Director—
Vice-President,
Harrison,
General
1947'
&
'
railway— i
Deficit.—V.
this
cash in bank:
by H. V. Erben, Vice President and General Manager of the company's
' -
.
oper.
'..Chairman
expenses.
receive
the
of
school
:
.
Winnipeg
(E. I.)
PURPOSE—The net proceeds to be received by the company are
initially to become part of the company's general lunds, and, as such,
may be applied to any proper corporate purpose,, The company intends,
however, to apply such net proceeds to: (a) the construction of plant
additions,and improvements, and storage facilities, in the estimated
amount of $125,000;
(b)
the purchase of machinery, and equipment
for additions and
replacements in the estimated amount of $85,000;,«
and (c) its
general corporate funds, in the estimated amount of $47,050
alter reimbursement, estimated at $24,542, by the selling stockholders
for their
647,345
Executive
to be sold by the stockholders.
are
480,846
Vice-Chairman,
& Co. and
of
Of these investments, 82.4%
issues in
the amount
Grant
country,
1946.
during the year 1948.
"The Metal
Fabricating
operations
ry.
President, said:
Due to our policy of keeping prices to the
level, and barring the unforeseen/ the management
time see any slackening in demand for our products
in
913,108
11,124
inc.—.
2309.:
railway:—
from
*
gas
they were
719,525
476,571
5,030.301
railway—.
lrom
Net
continues to operate at the highest rate in its his¬
and electric ranges) were about 33'/a#- greater
company
Sales
tory.
951,182
3,863,489
342,646
3.834.2^0
From Jan. 1—
Net
was
carried on its book;
in bonds which include
investments of the company are
stock
-
$280,600': $245,100
railwayiif^ty" ;"V"61,734" v' v 66,734
46,701
oper.
inc
•
>
*4,911
i 23,055; ,
5,851
ry,
assets as of Dec. 31
97,509
15,409
p.
from
Gross
194S
allowing for dividends on preferred stock.
fAfter
*Estimated.
share.^—..
common
39,298
33,160
from
Gross
$1,975,187 '.:
$2.03
*$2,440,000
*$2.52
Net
61,394
52,674
'
oper.
166,
Net
,v
in 1946.
company's total
the
of which amount $5,541,612
251.
-apparatus
—
1947
91,887
inc.—
railway—
ry.
Net
Years Ended Dec. 31—
$361,764
November^-
';Z'
:
$294,477
Duluth
to be issued by the First National Bank
equipment-trust certificates,
$387,049
from
—V.
Jan.' 15 authorized the company to assume obligation
respect of not exceeding $1,600,009 of series G. 2%% '<
on
liability in
and
1947
railway-—
from
Net
.
Equipment Trusts Authorized—
reports
by the company are carried at par, or market values of Dec. 31
Earl
1944
$496,923
ry. - oper. ;
Gross
1°45
railways-
From Jan. 1—
Nil
!
years
basis
same
showed
Government
S.
p.
1946
from
from
during
the
2309.
November-—.,
Gross
in
.1947, if lower, and all stock at market values of the same date, with
the exception of the Stock of the American Bonding Co. of Baltimore,
which is carried at substantially less than its liquidating value.—V. 167.
21,600,563
8,839,786
the
sheet
at $30,191,190.
40,343,082
1.
p.
Duluth
1945
1,688,824
$1.93
and
owned
railway..."
$84,014
and
obtained
taxes
governing -annual
Commissioners
Insurance
$40,474,978,
companies.
trust
$2,938,990
income...
be
Bond
k
railway—
oper.
of
balance
36,854
.,i
income...
$287,615
income
$720,000 in
$15,660,507 on
and
•
Federal
company's surplus at the end of 1947 as reported to the insuranc
of the various states, would be $16,089,169, as comparet
1947 to
1945
of
refund
a
of
departments
with
1946..
on
sales of securities
'
Association
2557.
1947
...
Interest
to
from
Franklin Fire Insurance
2,347,901
share——
irnings per common
compared with $10.93 per
dividends and setting aside all neces,
sary
reserves, the company added $631,373 to surplus
increasing that item to $13,281,749 as of Dec. 31, 1947.
However.
Mr. Bach pointed out that, based on the requirements of the Nations,
396,493
railway
from
Net
.
railway
oper.
From Jan. 1—
3,257,326
1,688,824
_
and
was down slightly in 1947,
$1,060,019 in 1946.
Of the
company
compared
profit
overpayment
payment of
and voluntary
The
Duluth Missabe
lrom
year
the
of
as
was
After
permitting
p.
$38,219
1939-1943.
company's
166"
income
$951,641,
to
accumulated
was
associated company.
shares.
company
"saran"
name
consumer
3,826,460
•
.
_
bonding
-
investment
figure,
,1947
plastics sales division, on Jan.
formally released its trademark
it to become the descripL-e
name
of the
product.
Mr. -Gibb said the action was taken "in the
interest
of
simplifying
identification
on
various
plastic
materials
whose chemical names have for years been confusing to press, trade
19
rights
5,109,258
8,322,247
-
major
net income from operations
share,
$12.26 per
or
1946.
amounting
$4.39
,
ross
the
of
one
company,
$2,366,087 in 1947, according to Frank A.
providing for the required Federal income
and various other reserve adjustments, net
1946.
over
Releases Saran Trademark Rights—
$81,154,430 $69,481,551 $72,245,847
1
After
$884,139
$1,471,373,
but
all
this
by
was
premiums written during 1947 amounted to $14,127,895, repre¬
senting an increase of 4.5'/« over 1946; Alter taking care of an in¬
crease
of $652,136 in its premium reserve,
earned premiums for the
year were $13,475,759, compared with $12,056,387 in 1946, an increase
of $1,4G9,372, or 11.7%.
Observing that the trend in losses js upward, especially under
fidelity bonds, Mr. Bach reported that losses incurred for the year
were $4,539,603, or 33.7%'
of earned premiums, an increase of $481,995
FOR YEARS ENDED DECEMBER 31
REPORT
PRELIMINARY
plan
common
ry.
Purchases were made from the floating slock
1947
5,681,712
11-.——
826,584
J——_!
....
(6/1/36-11/30/46)— _I_—
pay
per
from
October, 1947.
chare
Net
Net
resulted from Chesapeake & Ohio's
of 195,177 shares of Nickel Plate common
of
was
in
reported
written
taxes1
President.
reserve
profit
(& Subs.)—Earnings—
__d——
income
Net
which
tax
ratings.
machines
30;—V
retirement
portal
arrangement similar to that between the Chesapeake &
part of
of
enables
lines
Federal
Bach,
woodworking machines
The range of
to be ured for
operations.—V. 166, p. 2417.
horsepower,
increases
insurance
before
horsepower
13
Fidelity & Deposit Co. of Maryland—Earnings, Etc.—
With
■
10
to
taxes.—...
bonus
to
and the Pere Marquette Ry. before the merger of those
two
properties took place.
The D. L. & W. started buying its Nickel Plate stock in the latter
an
Ry.
Ohio
bevel-
rabbeting,
moulding,
ploughing,
'
various
heavy
income
Portal
of an
would be
aadoing,
^
„
bevel-cutting,
(433)
charges—.—.—*$15,604,633 $11,360,395
Employees'
compensating increase in
In
1947 the company
resources.
after
Net
road
CHRONICLE
Net
Veterans
White, President, on Jan. 21 issued figures on
-rations showing the company earned $1,93 a snare on
Tock against two cents a share in the preceding year.
William
common
«>s.
of
Bow Chemical
Common
mitering,
eight models
motors
6 months Ended Nov.
Lackawanna & Western RR.—Earned $1.93
Share in 1947—Between 40,000 and 50,000
Delaware
Short
ripping,
now
NcTof capital shares-
FINANCIAL
nppmg and compound mitemig;
varmus attachments and tools, simply
set up on the
machine, readily adapt it to numerous precision wucd-
with
net income
The
&
grooving, boring and grinding.
taxes
Income
including
saws,
Chemical Corp.—Earnings—
Davison
,
THE COMMERCIAL
Number 4667
167
Volume
Glass
t
16
additional .shares .of $1 par value, common stock
payment of the 100%-stock dividend.—V. 167, p. 153.
450 189
issuable^
Fibers
Offered—Kebbon, McCorsyndicate Jan. 22 of¬
Inc.—Stock
mick & Co. headed a nation-wide
fering 343,000 common shares ($1 par) at a
per
share.
Company,
'
locatedJn Watervi'le,
.
•
'
and
plant-facilities-and
>,
•
Ohio, manufactures continuous glass
and glass fiber bonded mat.
Proceeds of the financing will be used principally for
fiber yarns
new
price of $10
:
■■'''*11
j!
.
n
comstr.uqticivof
term,
a, ~
for-retirement of an outstanding
167, p. 46.
additional working'capital.—V.
n,
Goldfield
Underwriters
share.
per
Boeticher
are
Co.,
&
165,
will be' used
Proceeds
rejection will be-mailed by "the «>mpa,ny not
later than Feb. 26,
Accepted bonds * should be delivered'to. the .company's office, or to the. Guaranty Trust Co. of New York,-140 Broadway,
New York, N. Y.
;
\'
•*•.
#inn
All sucn secured obligations shall sbe tendered; at a • price per $i«o
principal amount. - Fixed interest on all.secured obligations denvereo
pursuant to tender acceptances, will b® oaid, as part of the purchase
price, to March 4, 1948, but not thereafter.
•
Notice bf acceptance or
Los
,
the public at 35 cents (not 2ocl
to build a mill to refine ore. -
2798.
p.
Ohio—Increases
Goodyear Tire & Rubber Co.,-Akron,
Vacation Period—
^
of
FlRST^ll MONTHS* •• **■'
revenues
20,465,578
oper.
expenses
16,600,251
14,144,002.167,506,104 154,182,4o5
Railway,
tax
accruals—
52,276,638
•27,312,567
4,994,024
t,475,834
3,865,327
2,336;954
Other
■
Net
ry,
Other
Fixed
corporation advises that copies of their letter of Jan. 12 to
announcing the forthcoming
issuance of warrants to
to the capital stock of the corporation, are now available
at
the Corporate Trust Department of the Bankers Trust Co.,
16
Wall Street,
in New York City.
It is expected that warrants will
be mailed
promptly after Jan. 27 which, it is contemplated, will
be the record date. < At that time the Bankers Trust Co.
will also
bavo available for distribution copies of
the-prospectus and letter
©f transmittal.—V. 167,
p. 252.
^
125,555
2,262,016
21,799,445
15,375,960
'
-
1.808,253
23,116,485
878,674
936,379
9,868,038
543,649
871,884
13,248,387
Smelting Co., Ltd.-^-Larger Div.
'
'"
'
-/••:
"
166, p. 1890.
■
Three
this
West
Coast
*167,
and
Norman
said
are
to
negotiating for the purchase of
the Los Angeles Times, Portland
are
be
Net
Los
Angeles "Times,"
revealed
Net
and When
"If
the
the
reported
sale
$50
is made, however, it will
share."—V, 165, p. 3052.
a
Net
produce
The
stockholders
authorized
Jan,
on
stock
common
The
approved
13
shares, three $10
from
par
share held.
par
70,000
paid_.i
■-Balance
surplus
be issued sin
exchange
b*
n*
•
for
a
....
....
St.
BALANCE
SHEET
OCT.
123»308
V-
31,
$214,909
1947
(less
$60,000
reserve
(less
.........
Property, plant and equipment (less reserve $516,514)......
charges
30,010
'
-
Accounts
•
payable,
$496,543
-
and local taxes
Reserve
for
on
income
general contingencies!
Common stock (no par value)
Paid in'.surplus
Earned surplus
49^619
,
150,000
...
.
!
233,000
(estimated).
588,325
V
1261990
.....
and
sold
was
4
of
Heyden Chemical Corp.—Increases Stock Interest in *
»•
Power
is
interest of Ihe JBorden
Co. in the stock of American Plastics Corp., Bainbridge, N. Y., for an
undisclosed sum, it was announced on Jan. 18.' It's stock interest in
than
!
99%.
Illinois
Central
chase of Bonds—
RR.—$20,000,000* Available for
4
St.
Securities
Chicago, St.
of
Louis
and
Net
Orleans
RR;
Co.
v
,
,2559. s
First
Mortgage
Mortgage
5s
3*4s
Y.)
Stadium
Corp.—Stock- Offered—E.
Co., Inc., New York, offered
in
July,
Aug.
2,
~
on
expcnsesVL---"--!;-----
on
P.
received
at
its
•
to
the
(F. L.)
was
present
this
benefits,
f;
9,282,679
10,135,108
6,956,990
5,798,138
5,415.921
1,014,545
.1.110,512
945,660
^
J
J
278,092
,101,531
$2,097,399
259.051
175,099
99,958
$545,327
320,376
.v
insurance^ taxes
$2,281,188
Int.; diVs.: &,'■ other inc.
*
offering,-the
par
common
company's
capital
oh; notes
refund
stock, of which
17,797 Vi
purchasing
he
to
General
the
Tea
(Red)
Strong
as
Director of Purchases
Jacobs
company from Plymouth. Steel Co.
Prior to this, he was with Ford
purchasing activities,—V. 167, p. 154.
—V.
sales
166,
p.
1
2560.
*
>,448,580468,91b
$2,545,979$3,880,942
.
48,338
^
.v.
Cr460,000
/
Cr256,279
1,200,000'
233,000
..
"
taxes:
taxes
Canadian
capital assets
770,000
ex¬
"disposal
on
'
Ca¬
li2,0C0
profits taxes_i
of
Cr21,123
31,372
_____
Proport'n of profits ap-
plic.
Net
minority
to
39,547
int.
profit
Preferred
dividends
254,850
$1,256,926
181,881
Common
dividends
728,100
$2,40
$1,522,585
728.100
$1.38
Net
$2,002,830
profit per ccm shr.
excess
income
of
profits tax
parent company arising
credit for fiscal year.
from
131,908
1,092.150
$1.91
iuuio
counts
701,673;
lower),
in
receivable
leceivaoie
banks
and
(alter
taiter
inventories
$10,498,110;
(valued
at
investments
hand,
on
reserve
*
_
:
9l"„
$2sed
.
;
30, 1947
$2,316,557;
notes
^
a"dJJJ
receivables of $^.V
v-.
below cost or market, wn:
subsidiary and affiUatca
agamst
against
or
in
„
carry-back of «nU
CONSOLIDATED BALANCE SHEET, SEPT.
rcuciv
er
not consolidated, at ccst; $400,399; other investments 1^
$44,038; amount due from sale of properties, etc., $352>^ „rr-iation
buildings, machinery, equipment
etc. (alter reserve for dep.' y
sCSi
of
$15,126,970),
$18,504,672;
prepaid insurance premiums
nc
panies
general
taxes,
etc.,
$3C6,742;
goodwill,
total,
$1;
$41,124,598.
^
subsidiary company, $300,000; accou
payrolls, $314,083; accrued «ai ;|ionS>
general
and
social
security taxes, $243,976;
accrued comm
ig
$311,155; miscellaneous accruals, $289,242; customers' credit o»
te,
and deposits, $2,178,101; reserve for income taxes,
$1.203,^m.
payable,
$2,607,204;
accrued
payable to bank due Dec.
porate
purposes
capital
Co., Inc.—Sales3,"'48
$13,538,480
382,190
:.$927,517
,
LIABILITIES—Bank loan of
of
Manager.
5 Wks. End.
Retail
Loss
;$3,412,027
disc'nt
of
income
&
„
^nd
subsidiaries.
cess
102.430
.
prior
:
ASSETS—Cash
Jan. 17 by Rex C. Jacobs, President.
created position, Mr. Strong will be in charge
all plants of the company and its. subsidiaries. «
comes
was
Fed.
shares
on
for
Strong
assets
for
,540,899
taxes_,__
exch.
of
♦On
p. 253.
of
Fed. & Can. inc.
,
of
Fed..
net
occu¬
consisted
;
$3,322,087-
'
loan payable___
nadian
all-steel
.
120,650.,
'Profit-
Prcv.
con¬
financing wi'l be used for construc¬
newly
Jewel
are
$22,739,768
8,884,912
8.852,175.
1,452,213
•
on
;
of
Jacobs Co.—Director of Purchases Appointed
announced
where
pffice at
1944
1945
1946
,;
,
'-
qmortiz.^^,;
Provision
for pensions,
group ips. ■&. old age
Adjust,
at a cost of more than, $100,000.
It began
last,* with-the-presentation of midget auto racing.
Motor Co. for 28 years in various
to $20,000,000 if bonds
be
and
Deprec.
hank
Jan. 21 75,000
JAn.
is prepared to expend up
favorable • terms,
Tenders will
company
SEPT. 30
ENDED
YEARS
FOR
13,526,602
,
♦Estinu
of the executive committee.—V. 167, p. 253.
Mr.
Mortgage 3 V2S of 1952
I
-
$40,718,867 $23,746,562 $21,613,837
——-'-r—
'interest,
1947,
outstanding.—V. 167,
were
In
1951
sales
Total, income
;„
,
at. the 16 Wednesday ar.d Saturday night meets was 64,280.
The
company is exploring the feasibility of presenting professional
wrestling,
.
First Mortgage 4s of 1953
Louisville Division & Terminal First Mortgage 3&s of 1953
Refunding 4s of 1955
Refunding 5s of 1955
offered
p.
Jack & Heintz Precision
Industries, Inc.—New Director
Heller, nationally-known industrial engineer and head of
Robert Heller. &
Associates, has been elected a director and member
Collateral Trust 4s of 1952
The
166,
Robert
Chicago, St. Louis and New Orleans RR. Co. Memphis Division 4s
of
Augv lf 1940.—V.
*
1951
Purchased Lines First
since
..
First
'
;
ACCOUNT
INCOME
profit before depreciation & amortiz.;
Sell.,, bi'anch & admin. .
'
-
Appointment of Clarence M.
Co.
Oxygen
Grcss
,■.
1951
New
*
1947
So¬
tion costs due and payable, the purchase, of 26,552 acres 'of land now
occupied under lease and working capital.
^
*
Fbr the period Aug. 2, 1947-Oct.
31, 1947, the 'company1, reports a net
profit of $5,157 before taxes and depreciation of ^$lA85.
Attendance
Prior
1951
Stuart
F.
CONSOLIDATED
protective .committee:: for. 4he.series E * sAourod 7' y •:
soliciting proxies,. it is stated. The committee
The stdium seats 8,152 persons,
Proceeds from the sale of this
»
Chicago, St. Louis and New Orleans RR.
of
Corp,—Proxies
boxing and football during the evenings that the stadium is not
pied with midget auto racing.
.
■
<.
.
*
Coweri,
organization.-
is
default
(N.
stadium
'
Springfield Division First Mortgage 3MiS of 1951
Omaha Division First Mortgage 3s of 1951
3s Of
1957,
in
operation
Louis Division & Terminal First Mortgage 3V2s of 1951
Litchfield Division
,
.:
acres of
corporation^ formed Dec.' 17, 1946, for the. purpose
structing and operating a sports stadium, completed the
St. Louis Division & Terminal First Mortgage 3s of 1951
,
,
,
The
.
Pur¬
1951
' '
"■
Corp.—Acquisition—^
A. Brown, Jr.. V ce-President in charge of Liquid's compressed
dfvision with headquarters in New York City has been made
President of Stuart and J. H. Pratt,. Executive Vice-Pre.'ident of Liquid,
has teen named, Vice-President.
No change in the operating manage¬
ment of Stuart is presently contomplatedr The company, which has
plants in San Francisco, Oakland, Hanford ♦Fresno) and Los Argeles,
Calif., and distribution facilities serving ether sections of the West
Coart, will maintain its corporate identity and its own distributing
.,
100,000 shares of the $1
Extend First Mortgage 3 V4s Of 1951
Western Lines First Mortgage 4s of
a-year.\ At. the end of the ten-year period the
stock has been completed.
.
shares ($1 par) common stock at $2-per share.
;
-
Cbrp.^Employment Contract—
W,
,
Mortgage 4s of 1951
Mortgage 3 V2S of 1951
Sterling 3s of 1951
the three month.:
mill:, treated '74,200 tons of dry
premium:—V, 166, p. 1685.
the
Lavedan, Prertdent, on Jan. 16 announced that the acquisition
vfcy this corporation of the Stuart Oxygen Co., a large Pacific Coast
/producer of oxy-acctylene gas, for 100,000 shares of Liquid common
for early
Frazee &
"
First
$0.16
ffl'tbpferatic«s for
that
254.
p.
vear's
Sterling 3'.2S of 1950
'
been
Islip
.
Sterling 4s of 1951
due
pressing
has
The company will Unt{l 4 p.m. on Feb. 16 receive tenders for the sale
to it of any of the following secured obligations:
First
167,
F.
v
Leicester, of The Borden Co., who was elected to the post last year.
Mr. Askin, who formerly served as Assistant Secretary of American
Plastics, has been associated with Heydeir* since 1943..
American Plastics Corp. produces casein plastics used in the man- '
ufacture
of
buttons, knitting. needles and similar products.
It is
also
engaged in custom moulding and extrusion of other
plastic
material provided by customers.—V. 166, p. 2311.
*
-
-
Simon Askin, Assistant Secretary and Assistant Treasurer of Heyden,
is the new President of American Plastics.
He succeeds William F.
•
M.
$334,454
corporation, entered into an employment agreement
Lane a$ General Manager for* ten years beginning
$100,000
at
$339,239
$0.17
-
-
reorganization of the oompanyv;, principal assets
wbich^axe. first^mortgage' liens.-on
ipublic-1-ntility'- properti^ in<northem Italy.
Interest on
the company's
own .$18,846,000
bonds
This corporation has purchased the rninority
more
for quarter v'V. $310,54.7 <
l-ju"
$0.16
Liquid Carbonic Corp. — Completes
Acquisition—Annual Report—
•
v
The, bondholders'
bonds,
to
"
Provis. for. pnemploymt.
Subsidiary—
amounts
'
changed
April~v
President, recently announced that this corpora¬
the majority interests in the Airex Manufacturing
Corp., manufacturers of fishing tackle, and Airex Equipment, Corp.,
distributors of
fishing equipment.—V. 165, p. 2279.
land,-an electric
one 60-ton electric furnace, and an ingct conadjoins the Newport Rolling Mill Division of
licited—;
now
19- tbe
.
Lawrence
producing 45,000 tons per month of hot strip.—VK 166, p. 1151.;
International
.
company
in
tion has purchased
$3,238,000
latter
been
pas
./
—
Monday
...
$1,142,303 including
Stores
Lionel
the Andrews Steel Co., now owned by International. Detrola Corp.,.s
waA wag informed by the purchaser of plans. to convert the electric v
furnace building into an open hearth plant-.to have an eventual caPacity of 720,000 tons cf ingots per year/excluslve.of the capacity of •
'2,000 tons per, year from the-electric furpace. ;
v <
International <DetnH«-;.CQrp;.' also plans tq install soaking pits in the
conditioning building; a breakdownmill .and. a Lot strip mill capable
-V.-1161,'p*. 880.
Che
v.
the
last
district
on
for
Changed—
lasc
general
...
.1,593,523
....
Total
headquarters,
the
company will employ Mr. Lane in an advisory and consulting capacity
for the remainder of his life at
yearly compensation of $15,000.-
,
furnace building with
ditioning budding.
It
.
liabilities
Accrued
executive
$1,350,000.
The property consists of approximately 10
,
Federal
corporation's
Petersburg, Fla.,
0C0,
—
$3,238,000
—..
the
of
.
622,505
—
f
'
of steel badly needed for manufacturing, is expected to
impetus with the sale of a surplus government electric furnace
plant at Newport, Ky., to the above corporation, which was
announced on. Jan, 16 by War Assets Administration,
, .
This plant, modern in every detail, was built for the war program
to produce>electric furnace alloy ingots for gun forgings, but was
never completed.
It has an original acquisition eost cf about $5,500,-
272,132
...
Deferred
LIABILITIES—
Feb.; 1,
.
•
on
,
'
1°4S
1947
1945
$1,123,431 * $1,084,264 $1,013,313
J,4 rVi.711,33V
r5v8,L83 1 " odditis
s
''92,013
-"135,597fj 120*694
.
9,329
10,7441
1947, shows
Dec.'31.
;with'Harold
receive
1,235,751
$30,000)
reserve
>.
steel
674,112
...............
Inventories (less reserve $300,000)
Other assets
910,81"2
1,652,919
share
per
On Dec:
4,794,398
1,311,789
Production
t
-
$403,490
Receivables
income^..'
.10.649,354
International Detrola Corp.—Buys SteePPlant—
••
..
3,160,636,
U; 121,634
Jan. 7 offered 4,000 shares of
5% cumulative preferred stock at par ($25). Proceeds
will be used for property improvements.—V. 167, p. 47.
$338,21?
...
......V—V----—---'v--
V
ASSETS—
10,084,087
2,158,306
Dividend
Jan. 20
Ltd.w-Earhings-
'
Lerner
Inter County Telephone & Telegraph Co., Ft. Myers,
Fla.—Preferred Stock Offered—Florida Securities Corp.,
each
••
for Federal income taxes_.._...^
—
CONDENSED
8,697,734
3,557,992
,
-JPOR YEAR ENDED Opt. 31, 1947
Net profit after provision
Dividends
shares to
4 *
EARNINGS
10,826,219
transfer
97
'
Shore '.Mines,
recovering
-ore,
! 114,055
week, it is; announced. This completes the move tc business
quarters started in the fall of 1945, when the treasury ..and," accounting
Departments moved to the Union Commerce Building.—V. 167, p. 47.
proposal to change the
shares of no par value to
a
shares of $10 par value, arid to reclassify and change the
61,654 issued "and outstanding common sharer, into 184,962 new cornno
v
office staff, purchasing, production and engineering personnel "to
Union
Commerce
Building in Cleveland, Ohio<
was completed
250,000
anon
;
the
March 'from
in
.A ^summary, -of • ^he:A
ended
385;07.7
2,393
,
£..
$932,576
*414,440
on
254.
p.
Depreciation
Industrial Rayon Corp.—Executive Offices Moved—
'
Hcttrick Mfg Co., Toledo, Ohio—Stock Split-Up—
A
293,384
153,580
'
railway^
♦Deficit.—V. 166, p. 2661.
less
far
th
path
cents- an,!
cents
30—-:
3-Mohth's; Ended Sept: 30rr-Ended
;
of production__;-:__u__'_J_i*-iroduction__;jii_u_-"_^_ijl
T
;
,
v;
Eight-Cent
Stockholders ""has
the- yearly meetings of
Monday
Operating expenditures
Taxes
(direct)
•ect)
1944\-'
$753,219r
$874,539
338,822,
157,870
income
oper.
ry.
81,005
Co.—6xtra Dividend—
Fund—Declares
Estimated, net -profit'
railway-..
from
1.547,999
$841,271
•Walue
*
-
than
railway______
oper.
from
Gross
have been In progress for two months.
He said, "'the
have been, and still are, in conference with represen¬
tatives of Blyth St Co.,
which is acting as agent of the" principal
stockholder, but as yet terms of the purchase have not been agreed
papers
tipon.
ry.
last
Earnings
1945-
1946
.1947
$1,028,282
railway_„'_
From Jan. 1—
•
negotiations
three
from
Net
*
Chandler, publisher of the
\
on
IUinois luminal RR.-EarningsNovember—
Oregon Journal.
Etc.—,:
Jan. 2i*« "approved •tW, lis tingof
16,000 additional shares of common stock/issUable'for: the acquisition
of certain Securities of Kewanee Public Service Co.—V.-166, p. 760. >
Gross; from
newspapers
They
company.
.Ctregonian
the
;
Illinois Power Co., Decatur, 111.—Listings,
*ihe-New York Curb Exchange
Seek Control—
papers
£31 $6 969,739
'SJ*
54 •°21
dividend of eight, cents per share was declared
\Lake
;
;
tield.
Three Pacific Coast News-
$3,564
1,880
,
Koppers Co.,,Inc.—Armual Meeting
to
3Mos(. '47
3Mos.^43. 12 Mos..:47
—i——a-.- $13,950,707 $29,7.75,273 $46,651,265
sales
;
beneficial: interest, of this Fund, payable Feb. 20 tc holders
or record Jan. 31.
Payments in 1947 were as lollows: Feb, 20 May 20
.and Aug. 20, eight cents each; and Nov. 20, i6. cents.—v.
166,' p. less
'
Period Ended Nov. 30—
—V.
154,692
8,543
.
:
shares of
the
2559;'
Net
,.$626,675
3.169
77Q
1,690,000
in
j "'The date 'of
The warrants will expire at 2:30 p. m. Jan. 27.
Any unsubscribed portion of the offering of 58.612, shares will be
purchased by a group of 19 underwriters headed by McDonald & Co.,
Cleveland.
Proceeds to the company will be applied to the payment
©f $2,000,000 of short term bank loans made for working capital pur¬
poses.—V. 167, p. 46.
*
2,173 •77°
m
.
.
Knickerbocker
Hunt Foods, inc.—Quarterly Sales Lower—
"
Hawley Pulp & Paper Co.
$941,252
91,812
income.
2661.
p.
company,
A
•
shareholders of record as
to its common
19,478,307
2,815
1947 paid four quarterly dividends of 50
and the following extras: March 15, 25 cents; June 14, 30
Sept. 13 arid Dec. .15, 25 cents each.—V. 166,'p. 2662.
Cleveland—Rights to Stock¬
y
275,100
130,000
■
254,770
,•
$?2,043'°46
5,754,303
-1
20,
166,
The
16,211,785
10,457,482
directors declared; a dividend of $1* per share ©n
■the capital stock, payable March 3 ta holders, of-j record-Feb. 6/ In
1947, dividends of 75 cents per share were paid each quarter —V. 166,
subscription warrants entitling them to purchase additional
shares at $32.50 a share at the rate of one share for each four shares
12Mos.—iQ4K
The- directors on'Jan. 20 declared an extra dividend of 25 cents
and the usual quarterly -dividend of 50 cents per share
en
capital stock, both payable March 13 to holders of record Feb
1,422,323
-
Hudson Bay Mining &
14
1947—
.
•
Jan.
oper.
8
share
167, p. 154.
On
rv.
(
•
$1,031,675 $14,553 •5°1
S10,564
300,000
■
Keystone Steel & Wire
1,456,953
.621,134
1,411,468 ,*
94,423
129,888
575,376
.
14,236
—
income
Net
-V.
p.
company has mailed
accruals
tax
.ry.
Net
—V.
The
The
income." taxes__
Jt.
for
available
charges
charges
3,164,626
2,253,751
1,311,004
—
deductions—1,—
fixed
264,439
217,369
-inc
oper.
income
Income
subscribe
©f Jan.
$1,496,022
opers.
Rnflway /bper. income r
rents (net Dr)—
*aeil. rents (het JJr>
:
37,900,774
20,262,793
'•
& joint facility
rents
(net dr.)
stockholders
Chemical Co.,
expenses"
ry.
r
'' lssuable
$3,205,091 $2,437,873 $35,168
1,709,069'
1,426,198
20,614 ■669
669
revenues,
oper.
Fe- eral
Equip.
-
Harshaw
oper.
Equip,
Gulf Oil Corp.—Jan. 27 Record - Date for New Stock
Subscription—
tho
stnX
19,138,026 219,782,742 .192,083,239^
Misc.
holders—
approved
1947-—M:nthr^i946
bee. 31—*
Net rev."* fr.
1947—11-Mos-,^1946 ^ ••
1947— Month—1946- - •.
Net rev. from ry. oper,
directors.
of
Railway
Railway
Railway
has been elected a member
Staral, Secretary and Treasurer,
board
the
Mich.—Listing
Jan., 21
on
26, 1948
Southern Ry.—Earnings-
Kansas City
Period End.
oner.
(Publishers)—New Dir.
Grosset & Dunlap, N, Y. City
Exchange
Curb
additional shares ,.of $1 par value common
pursuant to a public offering.—V. • 167, p. 253,
Railway'
•
Emil F.
NOVEMBER AND"
\Period End, Nov, 30—
-
the
of
employees
York
New
1,500",000
^
.
.EARNINGS FOR
company's organization throughout the
United States who have 15 or more years', service Will receive a threeweek vacation this year instead of tne customary two weeks previously
granted, it is announced.
The increased vacation applies to those not. represented by employee
•bargaining units in which vacations are a- matter' of -contract, and .is
effective as of Jan. 1, of . this year.—V, 166, p. 2660.
Salaried
Kaiser-Fraser C©rp.,Willow Run,
The
,
5c).
common stock (par
Denver, and Morgan & Co.,
of
Bhares
The stock will be priced to
Angelec.
V.
14
(not. 200,00d]
280,000
,./'Monday' .January
,
"
Shares—Price to Public, 35 Cents
filed a letter of notification with the SEC
The company on' Jan.
,,
Connolly, ■» Vice-President
Chicago, HI., by R. E-
X35 East 11th Place,
Mines €o. of Nevada—Files
Deep
(Nev.)
With SEC for 280,000
covering
COMMERCIAL & FINANCIAL CHRONICLE
THE
(434)
stock
«
4 Wks.End.
Dec. 28,-46
$8,908,965
-V.
166, p. 2560.
1,
1949, $3,000,000;
reserve for
genera;.
jn
minority
contingencies,
$900,000;
minority lnierto.
surplus of subsidiary• companies,
stock
nnn*
rnmmOU
and
and
.
,
^
^
^
r-
om
t
THE
Illinois,
cU'nl!ind^Accrued:'dividend-(7a
p/ri256.
•' •'
A
and
Cedar
in
as
first eight
the
months
1946,
of
and
higher
was
1940."—V. 167, p. 255.
year since
any
15
than
for
«
.
Transit Co.—Three Directors Named—
National
United-States
City
166,
2105.
p.
%■*
an
the week ended Jan.-17, 1948
of
dated
agreement
$3,100,000
York -for
New
April
live
Dec.
on
Col
29.—V.
166,
20
Co
They
the
provided
as
Early
and
,
the
of
Transit Co.—V.
under
The
the
Selden,
E.
Logan,
A.
President
Counsel
of
the
United
of
the
C.
DuBois
Allen
South
Refining
and
Jerome
refining
these
companies purchased approximately
outstanding capital slock of National
shares
504.499
fields elected three new
S.; Zehrung, President
W.
are
General
Stein-back,
166, p. 952.
1482.
p.
New England Gas &
rfpfl 39 702 000 kwh'. da -compared" wi.h 32,397,000 kwh. lor the
nlre Donding week last year, an increa.e of 22.5'/,.
••
Xrtf'fc output of this company for* tne week ended Jan.- 10, 1948,
<nfaitd 37 330,000 kwm, as compared with 32,412,000 kwn.- lor the
corresponding week last year, an increase of l5.2%.-^-V. 167, p. 254.
Pennsylvania
directors
new
John
Harry
month
this
one-third
National
-
20.
Co.;
replace Milton A.
who had resigned.
Newman,
l
from
1 *Urf
at
years
Oil
Penn
'
refiners in
Jan.
on
Pennzoll
the
of
of oil
group
director^
Plywood Corp. below.—v.
borrowed
company
Bank
A
155.
167, p.
Merck & Co.; Inc.—Borrows from Bank—
Electric Co. ,(Ky.)—Weekly Output
of this company for
output
Rapids.^V.
.(The) Mengei Co., Louisville, Ky.-^Acquisition—
See
The
TDor-frib
great
southern
.
"
Louisville Gas &
region, the new unit will serve the Chicago district, northern
Wisconsin-, northwestern Indiana and southwestern
(435)
are
Co; below.—V. 157, p. 3194.
York Life Insurance
jgeW
'■ ;
,
CHRONICLE
now
N. Y, City—Sells, Then Leases,. Two
Lord & Taylor,
of Its Stores—
See
•
.
>
FINANCIAL
are
cents per . share) on that date.—V. 166,
1
,
^
&
stalhern Wisconsin, nonhwester of industrial chemicals
Michigan ^where mofc than 13.000 users
departments in the midwest
Other McKesson. chemical depa
operating -in Peoria, St. Louis, Omaha, Sioux City, Burlington
fiutharbed -the of liters of this company .to invite '-V
^^f^ eierred• stockholders of -8,292 shares, $iu0 par value
ndeLSfivJ oreerred stock -as 01 Feb. 18, 194J, .at'a mice not over ■"
have.
Procters
The
COMMERCIAL
mid-west
Philadelphia—Invites Tenders of Stock-
Brothers;
it
i
Number * 4667 v./
167
Volume
Electric Association—Output—
*
November—
.*
■*
Net
Net
Corp.—Common Stock Offered
inc.,/Lyncnaurg, Va., on Jan. o
offered (to bona fide residents ,of Virginia only) 35,000
shares of common stock (par $1) at $12.50 per share.'
The sale of the stock does not represent new financing. *
BUSINES3—Corporation was incorporated in Vir¬
ginia July 28,
1 >11; and. owns the weil known Virginian' Hotel of.,
Lynchburg', Virginia.
'• ' • ' , * ' ■
•
'The -hotel is a fireproof brick, steel and concrete structure of 6
stories-and basement, containing 200 jrooms, 167 .baths, main dining
room
three private dining or banquet rooms,-. spacious lobby- and
mezzanine..': If" to equipped
with- passenger and . freight elevators.,
boiler roomp kitchen < and cold storage. . Electric power is purchased .,
from the local power company.,'
•:- ;
•• '
'..
rFrom the opening in 1913 until- 1927--.* the hotel was operated. under
lease by Mesa's. O'Neal -and Bteber and.4rom. 1927 toy the . present -;
time by
the '"Virginian Hotel Corp. v of Lynchburg,; Vay This lease
expired' Jan. 15. 1.48( at which..-time cperations, were taken over
by the corporation under' nrw^managemerit which will be thoroughly
experienced in all departments -of, modern hotel operation.
,
, - ■"
It is expected that a, program of !enlargemcnu ana general rehabili¬
tation will be
initiated with-,the- assumption of operations by the
corporation. This will comprehend, among other things, an..increase
in the
number of guest-, room.v garage facilities, modernization of
facilities, refurnishing of guest rooms,-..,replacement- of obsolete equip¬
ment and redecoration so
that -the.rhotel will rank' with -the- best
ry.
1946
1945
1944
$2,643,026
$2,736,440
$2,118,848
834,168.
621.681
804,740
442,123
3S7.150
433,576
326,255
214,906
•
.$3,219,581
.
-I'
income—-
oper.
1947'
/
from .railway:-:.1..
from railway___—_
from
30,053,751
ry.
23,333,331
27,817,329
3,226,827
6,125,318
8,037,448
2.029,251
1,128,881
2.897,407
5.597,369
i
income A-
opcr.
—V, 167,
.28,013,337
5,603,033
railway____
from ^railway——cL
Net
'
Period End. Nov; 30—
Operating
125,823
1,415,934
76,116
1,015,622
797,318
80,000
74,000
954,000
815,000
Net
r
inconic
Gross
otuer
applicable
Balance
the. state.i<
in
CAPITALIZATION—Capitalization of; the comoration
follows:'
is as
Authorized
V
Outstanding
$176,533
$2,461,179
819,312
Net.
.
stock
pfd.
to
266,856
$1,375,011
suggested
nancing
through the sale of
the
might,. at
as
be
additions
and improvements will
firs* mortgage ,bonds or. preferred
time, seem; most appropriate;1,
:
817,474
5,930,440
8,371,910
' >*31,371
""
,
°
New Orleans & Northeastern
from
*184,797
166,
$1,035,723
516,897
317,762
271.576
41/3,873
Net
ry.
216,651
139,048
54,385
108,570
oper.
from
railway
railway———
from
ry.
Illinois
Missouri
mon
Co.—Earnings—-v;;/:1"
Magnavox
{
Gross
11947
9 Months Ended Nov/30-^.//v
Sales
ln43
:
...
-
Net
$19,514,962 $16,4^1,876
——
profit
1,527.436 •
-
i-iLj-
Capital shares' outstanding
.3'..
share
per
500,000
600,000
•
Earnings
1,470,770
L-L—-U-i—vL—
taxes—V.
Federal
After
166,
2662.
p>
$281,556
107.680
66,029
»
3,260,215
3,196,169
1,204,388
1,364.654
1,294,186
£67,383
387,697
-y%
1946
$4,949,253
Marlin Firearms Co.—New President—
1944 >:-
1,279,952
344,921
461,196
railway—__ ;V 62,216,418
55,399,136
78,368,314
76,623,207
13,520,199
4,755,504
10,875,346
25,318,239
6,423,515
Net
-Earnings-
Corp.
3 Mons. End. Nov.30—
;
Net
1947
sales
Cost
of
and
1346
1945
$2,508,317
$2,319,747
1,826,109
2,258,578
2,080/044
$494,656
164,602
-■
$249,739
,62,859
$318,491
income
income
$1,633,093'
$557,514
105.000
—
21,685
Net ry,] oper.
Net income
Earnings
per
203,000
188,200
111,920
$678 093
—i—
share
com.
$348 515
$164 273
$0.77
$0.36
$0.21
,
ASSETS—Cash
able^ (less
S.
Govt,
and
$188,000;
(less
net,
total,
and"
for doubtful
securities,
patents,
j$48,363;
banks
in
reserve
equipment
109;
1947
BALANCE SHEET, NOV. 30,
.
.reserves
$95,286;
$12,413,350.
on
—V.
hand,
accounts
$3,639,491;
receiv-
.
inventories,. $2,842,445; property, plants
for depreciation of $1,255,896), $2,594,prepaid exoenses and deferred charges,
/
;
:•
]
'
/'"
p.
Net
'
inc.-s-T *
Net
ry.,
v
166,
—V.
ibe
arrangement
•companies.-TrV.
166,
^IcClanahan
/vf
ihe
nri
■
Inc.
does
not
.
involve:a
Oil Co.—Stock
Listed
''Net1 from
Net
New York Curb Exchange at/LI
a.m.
V:
Nov. 3G—
on
-
Profit—
L———
{earnings 'per.
a
;
volume
of
Net
v- l»(, p. 48.
;
745,338
270,352
McKesson
Robins,
5,497,004
5,333,691
6,157,643
2,588,588
3.155,329
863,531
951,387
1946
$5,826,000
RR.—Earnings—
493,852
270,084'
$1.74
sliding
79,230
76,747
39,105
71,473
77,773
62,279
go
Distributing Dept.—
terson
railway-i-railway——
incomej._
month
policy
Taylor Stores—
Jan.
15 announced that it had purchased two
& Taylor, at Manhassett, L. I., and Eastconcurrently leased the properties to the* seller
on
from* Lord
and
Y.,
,
.
which
1941.—V. 167, p. 256.
Oct.
credit
compares
with
Nov.
.
r
in
The
'
were $10,863,615,
an
increase of $34,4-40 over
The operating ratio for November, 1947 was 82.2
compared with'83.8 last year,
'
The System
deficit for the 11 months ended Nov. 30, 1947, after
fixed charges on the old capital structure for the nine months ende<E
Sept. 30, 1947 and on the reorganized basis for October and November*
was
$3,561,314 before a Federal income carry-back
tax credit ■ of
$1,105,000 and $2,456,314 after the carry-back tax credit.
This com¬
pares with a
deficit of $8,532,602 before a carry-back tax credit oi"
$2,745,000 and a deficit of $5,787,602 alter the tax credit for the
first
11 months of
1946.
Restating the old fixed charges for July,'
expenses
1946.
November,
September,' 1947 on the basis of the new fixed and
the deficit for the 11 months ended Nov. 30, 194Y
been
$3,103,134 before
the carry-back tax credit and
and
August
have
would
$1,998,134
after the
V
tax credit.
STATEMENT
OF
INCOME
ACCOUNT
'
1947
H
$
Total operating revenue
*13,223,556
Net
railway operating income-^_:_^—• * 174,574
Income available for fixed charges--—*
523,569
tNet1 after charges (reorganized basis)—*312.671
'
Federal
Incl.
2,765,010
Total
1946
$
'
income carryback
tax credit of
967,082
Net
629,186
721,409
Income
'
12,922,823
524,55')
916,025
*103,215
200,000
>
operating income—]
4,396,283
for fixed charges—8,081,034
*2,456,314
tNet after chgs. (reorg. basis Oct. 1, 1947)—
*1,998,134
tNet after chgs. (reorg. basis July 1, 1947)—
1,105,000
Incl. Federal income carry-back tax credit of
Co. of New York—Volume, of
Than Doubled—
institutions.
.
leans range
5% on some
policyholders
would other¬
railway
available
excludes
organization.
•and
fixed
*5,787,603
*5,787,602
2,745,000
Providence RR.,
the plan of re¬
Also includes accrued and unpaid charges against Bostpr*
properties for Boston Terminal Co. taxes and bond
,'.'•'■'-■••*■
November,
For
resulted in
a
New
1947,
it
deficit of $300,000;
the estimated deficit
System
Haven
the Old Colony operation:;
for the Boston*
$399,000, and the remainder
railway operating income of
is estimated that
net railway operating
Providence
the
of
1,150,03-V
-5,173,533
Providence
Interest.
.and
operations of the Boston &
charges of that company under
tlncludes
*Deficit.
but
for policy
of 6% (or
to induce
loans that
-—1. 141,233,224 136,994,840
revenue-.
oper
806,098
had
a
was
net
$873,574.
For
the first
operations
the
for
and
the
New
11
months of 1947, it is estimated that the Old
resulted
income of
York
Co.onf
a net railway operating deficit of $2,786,006;'
Providence the estimated deficit was $3,443,000,
of the New Haven System had a net railway
in
and
remainder
Boston
operating
*
"was
the first' 12
$103,215
which
1947.
1,
Operating
2.617,748
policy loan portfolio,' Mr, Pat¬
completely arrested in October, 1946, the second
of operation under the new rates.
The total cf outstanding
loans showed an increase that month, and In every month to
to
of
deficit
a
included
a
Federal income carry-back ta:t
1947 deficit is due primarily to the wage*
non-operating
forces
effective Sept.' 1,
and
operating'
to
increase
This
1947.
$200,000.
of
forces
1,
1946,
November,
447,810
to cutside lenders.
shrinkage in the company's
increase
RR.—Earnings—
New York, New Haven & Hartford
,2,433,950
479,490
months/ outstanding policy loans rose from $65,080,$72,099,090, an inciease of $7,019,000, or 117^. Mutual Life's rate
has been far greater than that of other companies com¬
bined
As compared with our increase of 117, 35 other companies
combined showed an increase of only % of 1'/*.
"The' average
monthly volume of new loans (including increases
on
old loans) has jumped sharply.
In the first 12 months under the
new rates, the average monthly volume of new loans was 273
times as
"In
of
credit
1.946 unused excess prolits credit carry-back.—
design, was opened in May,
701.489
dfttc1
000
credit* •
income
S.
East.chester
on
816,427
2,945,385
the
lending
said
U.
in
includes $1,429,703
II Months Ended Nov. 30—
1—
The new rates
from 3'to
to 5%, compared with a former rate
policies)
The purpose of the move was net
to borrow, but to obtain for the company policy
wise
chunl niew £fePait«nent will begin operations Feb." 1. Stocks of basic
•pu
caI Manufacturers will be carried in the McKesson warehouse,
carina
''frill be supplied for immediate shipment in less than
labpi,/10^ ^ Producers' original containers, under producers' own
c„.; a'^f ,at. producers' list prices, -Mr, Hildebrandt said.
'
oth and
largest department to be set up by McKesson in the
1944
$235,142
93,943
year
other
of
Dean Hilciebrandt,
,
1945
$264,107
29,652
conclusion of Alexander E, Patterson, President, ip a
covering the first year of operation under the lower interest
The company reduced its policy loan rates and put them on a
scale basis, so as to make them competitive with the charges
rates'
*
-
1946
$187,434
railway:.——.
income—
was
report
'
Vice-President in charge of the chemical
Bnri.0Uftces the establishment of a bulk chemical distributing
Panriir,ment in tiie corporation's Chicago division, to serve the exthic
J,re^uireinents °f industrial and pharmaceutical concerns in
"J® trading area.
•
divici
1947
$287,559
'
This
profits
excess
$869,703
-'V. ' '
results of the voluntary reduction in policy loan interest
rates
by
this company and an opinion study among policyholders
measuring their reaction to the move, "prove the fundamental sound¬
ness" of the unprecedented step taken by the company in September;
First
dennrf'
'
stores
N.
1,152,384
Loans More
New
with
Inc.—New
unused
of
194S,
contingent charges,
Mutual Life Insurance
'
&
31,
surtax
term, net rental basis.
?
■...
property comprises a plot of approximately ten
a
two
story and penthouse building is now nearing
completion.
The new store is scheduled to be opened in the near
future, and parking space for .about 1,000 cars has been provided.
The Manhasset store, a one story and penthouse building of modern
1266, p." 2312.
"The
.
90,247
1 2,466,517
oper.
ry.
—V.
months ending February, 1943,
corresponding earnings.—
first six
$17,800,000,,
271,936
167,146
1,576,126
from
from
Net
3'.'
common Eirare_L—_$2.67
"After charges and Federal taxes.
inri"i°mi:>any s f°recast for the
■uicates
323,864
64,266
oper.
ry.
Gross
.■■■■■'■.
two
Jan; 15.—V. 167, pL 48.
$9,000,460
P0m-.shs- cutstanding_,_>__
232,863
181,254
7,586,848
From Jan.
Curb—.;*•*"
1947
y
of
Credit
long
a
The
/
]'r
.
.x
-
the
•
c.omPany's $1 par value capital 'stock was admitted to dealings
Months Ended
Pa
on
of
merger
-
.
McCord Corp.—Earnings—
3
corporate
p.: 1790.1
422,526
•v
3,907,960
November—"
from; railway—:
i
and Pratt's Fresh Frozen: Foods, Inc. (including
iqau
Distfibutor's Inc.) announced on Jan. 20 that as of Jan. 5,
J/.' their sales and distribution operations were' integrated under
Systems,
$545,093
railway-—
oper.
Montour
corP°ration
Food
1944.
Month of November—
Maxson Food Systems, Inc.-—Agreement With Pratt's
•Maxson
1944
$564,327
•
railway—inc.—p. 2312.
from
/ from
s1 Gross
'p.
1945
$511,096
1947
From Jan. l—
Net
,/
•
.
1946
$783,192
railways-
/'oper.
ry.
Gross
.
1357..,:
2,646,112
1,963,422
.
railway—L-_/
from
Net
payable and accruals, $792,223; provision
Federal, state and local taxes; $2,262,198; notes payable, $128,000-;
balance on purchase of Toledo
plant, $1,152,000;
reserve for con¬
tingencies, $159,230; reserve, others^ $147,750; capital stock (451,800
fnates of no
par value), $2,491,931; capital surplus, $111,480;
paid-in
surplus,
$172,533;
earned' surplus,
$4,996,005;
total, $12,413,350.—
166,
;
from
Gross
LIABILITIES—Accounts
v-
167,
November—
.
$2,955,657; U.
for
-
2.112,210
1,873,863
Monongahela Ry.- -Earnings-
/.
accounts of $172,990),
income-—,
.nor,■
'
&
company
effective
railway--^ 180,727,928 158.797.336 203,721,175 215,791,270
railway^.— 40,144,635 33.336,519 78,538,035 92,250,774
'^.orne,..
19,416,501
17,683",980
27,980,433
31,400,019
p.-255.; '
..
■:
from
Net
adjustment
to
and
8,426,302
Company reports for November. 1947 a net income deficit of $312,671
after
fixed
and
contingent
charges
of
the
reorganized
company
from
Gross
$93,188
$1.50
V
—
;•
From Jan. 1—r-.
$231,388
•i
I.
255.
'November—1947 •
1946
1945
,
1944
Gross from 'railway-i— $17,197,241 $14,915,468 $15,505,140 $20,196,652
Net from railway.;.—
3,557,507
3,386.430 1 4,395,512
8,693.488
$259,703
26,453
:
$276,193
■Federal income taxes.
p.
•sV Missouri. Pacific RR.—Earnings—
-
Total
167,
1944
$2,320,765
v
3,240.456.
exps.
Operating profit
Other
'
$4,158,947
sales
,
income—
oper.
rv.
—V.
1946
months ended Dec.
1945 and
Lord
acres
6,905,284
"
:i
railway
Net. from
:
Martin-Parry
from
Gross
1946, in¬
for 1946;
for
24,301,768
3,917,098
r/'* From Jan. 1—
■■■•■}>• '-vifcy
195.
p.
5,567,790
December,
income
1 New York Life Insurance Co.—Purchases, Then Leases
Two
.
$7,005,731
2,172,612
1,561,104
$5,338,132
1,039,219
railway:$5,859,562
Net'.from, railway.-.l—
1,214,061
Net ry] oper. income—i
391.511
Kenna, formerly Vice-President of the L; C. Smith Gun Co.,
subsidiary, on Jan. 20 was elected President of the parent com¬
pany and
its subsidiaries.
He succeeds his father, the late Frank
•;><
8,178,013
taxes
S.
166, p. 2663.
on
1945
12
536,8GM
Earnings—
partial
for
from
the
for
suburban
1947
10,212.342
276.029
U.
in
560,018
.,.928.147
$318,500
$92,000
This
from
\ Gross
of
adjustment of
V,
46,884
,
550.890
1,086,293
$226,500 for adjustment of Federal income
taxes
$307,116
106.855
3,200,507
/>'.,
accruals].,
income:*—'
oper.
$6,524,059 $92,520,841 $74,332,966
Cr318,500
4,411,063
Cr869,70:?
383,086
5,517,467
4,449,310
436,000
tax
ry.
1.947—12 Mos.—1-946.'
1947—Month—1946
..taxes—-)/
income--—-
carry-back
,]
November—
:
-
,
$8,51 J,794
income
ry.
also
1944
1945
105,188
Missouri-Kansas-Texas RR.
v..\
Rcger
163,
S.
Net
$319,112
_
•
Chicago & St. Louis RR.—Earnings—
Net
177.512
.,,»
•
5,148,487
1.094.54&
/
2313.
p.
income
Other
568,736
.
a
Kenna.—V.
166,
chester,
.
*
2,343,416
*47,205
*302,793
"
1946
oper.
1'V.N-";.
1,050.825
New York
—V,166, p. .2312.
-'^$2.94
$2.55
11,926,980
4,825,985
712,798
Period End. Dec. 31—
3,188
.
railway.—1,600,987
income.— , /
730,686
from
Net ry.
v
*Net
,
railwaylfr„ ' 3,822,301
from
10,901,203
2,278,522
1,773,662
35,543
31.094
From Jan. ,1—.
>
7,924,757
4,197,949
1944
$243,395
Earnings—
RR.-
the shares so acquired, having a par value of $100 per"
November—/ " ;1"; 1947
exchanged for shares of new common stock, having.,, a vv/-Gross froih railway-^.-'$382,135
value of $1 per share, "on the basis of, ,ten shares., of hewvcou^4r, Net from railway-—7177,597 :"stock for, each share of- old common stock.
■/-/'/y'' Net
jy. oper. iricome___
81,389
par
9,933,416
income-—
oper.
cludes
were
income-—
From Jan. 1—
'"Credit
corporation
share,
v
1944
$735,388
from, railway—,—.—.
I-
2312.
p.
.
1945
$851,506
—V.
-2,017.157
,
Earnings—
1946
$1,033,019
*U.
*11,143 "/1,263,231
31.076
*170,786
*169,602
RR.
1947
railway——.
Net
"
railway—^-
-V.
income
November—
Gross
> >
1945
$147,474
2,795
*22,222
1946
$1,199
*21,746
"23,938
-.
"20,121'.-'
rail\vay_j_-__
;'f: 'Deficit:
holders of a majority of shares of the,,
common stock
of the corporation disposed of their holdings to Scott,
Horner & Mason,. Inc., and in - the subsequent- recapitalization of-the
certain
1947,
October*
In
Ry.—Earnings—
oper.: incombl-'I
from
ry.
202,652
after charges-.,530,166
—V/ 167, p. 255,
Gross
railway
front5
Net
Net
253,582
128,706,455 117,466,137
8,876,005 107,756,690
95,795,022
8,944,562
taxes
.
ry/ oper.vincome.-i:
Gross
both
or
10,379,075
875,709
22,691
,12,726,553
Gross
provided
stock
10,930,937
rev
10,599,452
$1,345,534
period—.
for
.
.
1947—11 Mos.—1946
12,292,448
opcr.
Net
$1,612,390
266,856
$1,641,867
$114,873
$63,087
Arkansas
From Jan; 1—
1947—Month—1946
10,350,313
724,293
November—
1947
ironr railway_-^.t_"$5,872
Net*from
■'
854,926
$2,336,683
61,660
Gross
bonds—$500,000
.• •
None
.5%: cumuV conv. pfd. stock, (par $25) :_>.. ;.J -.; 20,000 shs; /., ^ ; : Node
44,000 shs.
Common stock
(par
150,000 shs.
If deemed advisable
the plan is that the necessary funds for iiFirst mortgage
ft.
ago.—V.
1,200,006
Net
&
'
'
cu.
production
year
a
revenues—
operating
Net
^TMissouri
above
1.037,664
Net
2,554
83,842
:
2662.
p.
262,691.000
week
expense3-_„_
Operating
Operating
$2,334,129
$146,929
_
-*i_-
—v.-lou,
pi;;*:
q->
at
28.80''A,
or
.
-^—1—;.
income
Dividends
deducs.-a
•
$176,533
84
'
income -^-'---'2
Int.' &
Net
\_ulL_r-__u
$2,460,047
1,132
$146,845
oper.-. revenues-/;
■
Other
ft.,
$
$
$
10,953,628 128,960,037 117,668,739
Operating
reserve
appropriation ;c.—.t—
«
reported
is
cu.
corresponding
Lie
r$
12,319,934
27,486
revenues
revenues-..-...
Uncollectible
1,339,117
87,333
___
Property-retire,
kwh., or 11,01%
corresponding week, a
the
England Telephone & Telegraph Co.—Earnings—
Operating
6,928,027
116,655
—
"Other- -taxes
8,331,264
654,733
output
electric
1,637.095
of
for
i*
(■
1947—12 Mos.—1946
week
16
ior
r
$1,107,205 $14,176,867 $12,214,491
789,524
expenses
taxes cuu
-
1947—Month—1946
$1,220,357
revenues
Operating "
Federal
1
kwh.
58,737,000
Period End. Nov. 30—
■
increase
an
Jan.
of
it.
cu.
255.
p.
New
.
hotels
first -class
the
increase
an
203,954,000
Mississippi Power & Light Co.—Earnings—
AND
this Association reports
16,
is
14,862,674
of
for
output
is
167,
155.
p.
Jan.
This
ago.
Gas
This
Net
kwh.
production
year
of'
ended
week
16,499,769
above
"From Jan. L—
Grots
the
For
of
'
Grois
Lynchburg (Va.) Hotel
—Scott, Horner &, Mason,
HISTORY
-Earns.—
^Minneapolis St. Paul & Sault Ste. Marie RR.
$10,625,283.—V. 167, p. 156.
State
Electric
&
Gas
Corp.—To
Double
'Capacity of Greenidge Plant—
addition that will double the production capacity
40,000-kw Greenidge generating station at Dresdeix
Ralph D. Jennison, President.
C
The
addition
is
a
party of the company's continuing expansion
program to replace in part power
now purchased by the company
and to meet the increasing demands for electricity in a wide area in
the Geneva and Auburn districts, and in the Bath, Hornell, Dansvili*
and
Perry areas with the construction of a new high Voltage hn-.>
from the station to Dansville.
Through its interconnecting high volt¬
age lines,
the addition also will help supply increasing loads'in tl:>
Construction of
of
an
the corporation's
will
start in
the spring, .according to
and
Elmira
The
building
in January,
ordered
It will
with delivery scheduled
Cost
early in
1947,
into operation
go
tGfen.
1950.—V.
167,
for
series
E,
Street,
the
due
1,
York,
New
Feb.
N.
$30,000,000
of
admin.,
terials
In
service
Cable
of
Jan.
on
than
more
1
of
nected
with
The
personnel
company's
number
of
employees
Viewing
increased
was
by
buildings
of
pose
Sfce
will
housing
of
cost
256.
p.
erected
be
these
these
expaiiuca
will
lacilittes.
4,001,062
30,971,761
14,557,194
20,708,359
32,514,979
34,972,323
35,265,553
Earnings
6,870,066
32,514,979
23,102,757
i—
Nil
$1.16
J.)
Newberry
for
the
$2.28
_r
termination
included
claims
termination
in
of
amounting
special
c.a.rrts—see;
(includes
$53,213,765
to
5%
credit
in
1946
amount
loans
BALANCE
"
'
■
;
S.
accrued
nates,
tax
—J—
-—
l.U.
liE.t.
refund
net
the
2,513,649
departments)
receivable—cL'
notes
•;
(at
costs
solely,
63.273,243
wr.to-down1 to est.
—;
102.861
.4,588,209
mm
in
{Property, plant, -and equ.pnirat_j—Li. ,
charges (taxes, insurance, etc.)——a^Develop., engineering," tooling,' and portion of
initial
production costs—.:—,1—!_f——
733,979
sec¬
offering
of 8,840 shares of common stock was
made Jan. 20 by Merrill Lynch, Pierce, Fenner & Beane
at $30 per share. Dealers discount, $1.—V. 167, p. 256.
/
Total
.;•••
v-M ■
Notes
Niagara
New
Hudson
Power
Corp.—Subsidiary
Build
to
payable
Accrued
Plant—
7 3,379,764
water
rights which
salaries
C.
&
Langley
The Northern
the
Federal
Deve'eomont
Power
a
River
Felts
at
city of
As
Corp
Commission
dam
construct
and
hydro
Mills,
Watertown, N. Y.
sed. to* development
will
have
Designs
total
a
the
lor
capacity
plant
ca'l
these
which
—V.
connects
now
166,
notice
plant
the
on
from
upstream
"Refunds
t ation
the
approximately
two
for
Capital
with
one
horsepower.
other 3,000
fed
for
Reserve
a
other
Gross
from
Net
from
Net
ry.
1947
railway—
Gross
from
Net
from
Net
ry.
—V.
1945
$676,969
$571,118
77,669
166,
7,265,391
6,987,313
887,603
1,316,068
19,272
486,442
the
690,781
R.
Fuller,
boards
Corp.
1947—Month—1946
and
$
14.590,593
9.947.600
150,752,776
9,735,178
7,738,433
99,529,761
84.717,027
4,855,415
2.209,167
51,223,015
34,740,193
Railway tax accruals—
2,786,433
2,036,138
28,835,932
22.817,237
May
fac.
Net
rents
ry.
Other
2,068.932
inetl.
Crl,139,753
(net)
income
Total
Net
180.231
18,019
1 146,217
31,734,262
1,637,430
1.276,236
170,962
163,739
income
3,186.102
Sinking and res. fundsappropriations
Miscel. appropriations-
33,371,692
23,669.475
1,870,216
1,205,274
86.468
—
consultant.
remained
with
on
the
of
chief
and
and
boards
in
executive
retiring
—V.
166.
of
1,900,983
31,501,476
the
and
81,394
1948;; due
Jan,
1,
in
calendar
year,
year
terable
21,768,492
951,601
1,
subject
912,872
as
any
not
to
principal- in
without
and
North
•
St :es
n:t
a
the
f.;:cal
19
American
and
loss
Its
n
Ccs.s
other
of
28,749,875
ended
annual
sales
Aviation, Inc.—Annual
income
$28,259
jcar
of
1,123,880
the
to
givo
as
J.
a
of
alter
report
and
$20,508,991
application
Sepc.
30,
to
1947,
E.
•
for
,
rodr.ction
an
The 1947 fiscal
In unfilled
^
left
of
the
this
tax
carry-back
corporation
announced
company
with
credits
for
Jan.
on
stockholders.
1968.''
and
Interest
Mass.
6%'- ,of
payable
.income
the
be
to
are
orders,
bince
last
bank
30,
additional
production
of
revealed.
The
report
orders
shows
that
was
income
reported.
tingencies
the
credit
This
sum
establ'shed
remaining
in
provis:ons
applicable
of
$4 440,480.
transferred
The
incurred
lnis
to
1947
Diego,
less
ended
company
the
operating
the
includes
and
of
$4,440 480
the
previous
and
$28,259
loss
year
the
of
on
net
of
1946
from
and
years,
charge
a
1945
surplus
during
transferred
was
after
to
earned
rights
Calif.
in
reserve
ciur.ng
figure
lactunng
of
of
in
Jan.
the
on
fiscal
the
the
the
Navion
discontinuance
.
to
100.000
50,000
gating
The
in
received
expense
net
fiscal
year
for
Cost
1947;
be
in
and
$1,000,
debt
from
of
and
Water
proceeds
$750,000
to
of
be
the
the
payment
of
the
of
and
pledged
of
stock
common
together
the
as
American
of
with
American
other
col¬
bonds.
Company
funds
estimated at $2,622,-
loan,
hand
on
at
Sept.
30,
1947
District
made
bonds
two
by
year
the
disposition
subsequent
term
bank
of
to
Gov¬
Sept.
loan
in
simultaneously
company
OF
$8,362,089
sale
Aeronautical
lo*s
airplane,
of
rnunu-
Co.,
San
CONTROL
WORKS
credit
brlag
bank
On
Oct,
Works
and
of
of
8,
1947,
Inc., by
Co.,
from
The
an
First
company
purchase
underwriting
Boston
CO.,
at
the
group
Corp.
OF
30,
the
of
AMERICAN
WATER
INC.
public
of
American
offering
headed
by
price
C.
shares
1,625,000
W.
of
Water
of
$8
per
Langley
&
Co.
common
stoak
American Water Works Co.,
Inc.. constituting approximately 60%
the 2,704,472 outstanding shares of common stock of that
company.
The
underwriting
agreed
to
group,
purchase
from
1947
as
a
result
American
of
an
Water
invitation
Works
Co.,
for
bids,
Inc.,.
j 1946
.
-
$9,913,258 $10,42j,518
8,905,818
8,794,9-4
———
$1,631,578
$1,007,440
administrative
632,143
expense—
_
11,523
$386,820
$941,691
60,988
27,339
——-———
income
interest
Other
Prov.
;
expense
allowance for
less
debt
Normal
Excess
tax
taxes
and
proiits
1,527
8,582
applic. to 1945,
inc. paid thereon
refund
on
5,000
675
—__,——
-
Income:
on
and
expense
——a—————
deductions
Taxes
S.
of
debentures
conv.
renegotiation
Miscellaneous
U.
4%
on
interest
for
—,—
amortization
and
premium
693.156
$938,422
3,259
$375,297
operations—
;
surtax——
.V-r
.
■J
277.000
115,000
—
147,000
tax
——
income before
special income credits and
provisions—,
reserve
£
Net income
Cash
On
Prov.
common
for
'Includes
at
—:
ri
$201,574
:
\
—
——-
101,116
59.746
$2.25
——75,837
—
■'
.
80,103
$1.00
for#doubUV
for
of res>
transferred
contingencies $33,842, less $85,000 thereof
possible future inventory price decline.
■BALANCE
ASSETS—Cash
SHEET,
SEPT.
30,
1947
deposits, $141,150; trad^.apf
receivable, $110,579; accounts receivable (after reserve^ «ut
$225,296), $1,304,735; inventories—at lower of cost (first-in, lir-s *
basis) or market, $1,197,168; property,
plant and equipment, (»'
reserves
for depreciation of
$535,461 and amortization of enier,g „rei
facilities of $178,485),
$1,689,378; unamortized debt expense and P'
mium
(net),
$43,176;
unexnired
insurance
premiums and piepon
hand
and
demand
ceptances
expenses,
$21,064;
total,
$4,402,671.
*
accounts P«y^'
$826,714; accrued salaries and wages, $23,383; accrued commia x,h,g
$27,043; accrued taxes, $209,683; accrued interest on 4% conv ~.t.bie
debentures, $24,686; miscellaneous accruals, $16,141; 4%
conve!.rflndebentures, due April 15, 1958, $1,346,500; reseiwes for sales wan"
ties, $67,446: reserves for tax contingencies, $125,000; reserve for P f
sible future inventory
price decline
$85,000; common stock, no v
value (outstanding 202,230 shares)
$202,230; capital surplus, S2U,o
.
payable
to
bank,
$250,C00;
_
earned
—V.
surplus,
165,
p.
$927,217;
tctal,
'*
$4,402,671.
'
577,
had
such
$469,827
V 15.337
"
-
$18,685 in 1947 and $54,258 in 1946 provision
tTo basis allowed fcr tax purposes $52,159 and
postwar
reserve
stock
PrlS.OOO
——
——
;
•
stock
Crl.002
accts.
deprec. (incl. in cost of sales & exps.)
per common share—
;
accounts.
for
paid;
preferred
Earnings
_i—
—
dividends
On
$483,825
$201,574
———
tReduction of prior years' prov. for dbtfl.
Provision for tax contingencies—
LIABILITIES—Note
control
made
distributions
ACCOUNT
-
from
with
loan.
acquired
dividend tyhich
The only payment
———%
and
the
to
aggregating approximately $100,030,
1947; approximately
new
a
$12,000,000
ACQUISITION
ba'ance
common
a
allowances,
——
income
Gross
Net
stock
common
the bank
cash
subsidiaries
Municipal
the
of
1.
taxes
_——
general
Profit
.
the company subsequent to Sept. 30,
realized
by the company through the
and
on
$10,000
of
and
or
of 37 V2 cents on Feb. 28, while in 1946
were made on March 1
and Aug. 30.
profit
'Selling,
registered
$5,000,
$12,000,000
pledged,
securing
of
payment
renegotiation
income
personal
and
of
shares
will
indenture
the
action
about March
19 took no
on
excise
and
sales
of
Gross
regis-
con¬
$4,412,222
the
loan
shares of
by
ernment
.
share
four-place
Ryan
in
cents each
25
Rubber Co.—No Dividend Action—
Jan.
payable
is
year was one
Other
approximately
to
vances
a
1,625,000
the
to
^
1
$272,000; ca-di pledged to secure the loan
5500,000; dividends on stocks of subsidiaries aggre¬
approximately $600,000,
and
payments
in
reduction
of
ad¬
amount
represented
loss,.resulted
the
over
last
The
with
year
reserve
$2,072,520
business.
during the ye-T
$11,728,259 includes
inventory
100.000
200,000
COMPARATIVE INCOME
bonds
form
coupon
$1,000
denominations" of
L "r"'
Inc.,
derived
extent
$400,000
working capital of $36.^08,013, a slight increase
working capital of $36,577,361 at Sept, 20,
1946.
special
be
the
Co.,
under
applied
will
the
to
!
net
A
be
to
and
Works
lateral,
300,
;
pproximately $70,000,000 have been received to make the current
br-i;log of unfilled oiders total approx.matclV
$273,000,000, the com¬
pany
loan,
Water
the company hold'ng $203,284,730
kept.
100.030
—
Applegate
G.
Years Ended Sept. 30—
corporation
or
interest
issued,
denomination
in
coupons
$100,000.
extent
year ended w th
Ceo.
Gross'sales, less discounts, returns,
and the sum of $500,000 in each, held as
a
time
deposit by the- lending bank."" " r,
'"
'•
J .
The
net
proceeds of $9,377,700 to be
received
by the company
from
the
sale of
the bonds,
together with company funds ta the
extent required, will be applied to the
payment of said $12,000,000
contracts.
new
Co.—
and
Co
op¬
pu-
Inc.,
other
on
&
'
the company incurred
a
bank
collateral therefor the 1,625,000
Water Works Co.,
Report—
■»
t
100,003
100,000
Moore, Ieonard & Lvnch_ 100,000
Singer, Deane & Scribner„ 100.000
43.
p.
Bassill,
corporations,
on
Oct. 8,'l047,- acquired 1,625,000 shares of
stock of American Water Works Co.,.Inc., constituting approxi¬
mately 60% of the outstanding common stock of that co,, for a total
purchase price of $13,000,000.
In connection with 'such acquisition,
expenses amounted to $32,237,250, resulting
operating loss of $11,728,258 before tax carry-back
credits
of £1.,700,000 were
applied. The loss compared to a consolidated net
Incomj of $4,001,062 for the previous
year, and was incurred during
a
priod devoted to
testing of experimental models and buhd-up
in
Co.—
&
Stokes
of
con¬
common
20,855,620
2421.
p.
Johnson
Co.——
last
active
priced at 100% and accrued 'interest.
were
Jan.
exceeding in any
to such tax.
Bonds
1.800,000
2,899,634
Corp.- 100,000
& R. C. Miller & Co.
H.
W.
Walter
Norwalk Tire &
Bemberg
to acquaint himself with the history and
nlans of the coroorations.—V. 166, p. 1791.
future
bonds
taxes
form
200,000
income—
Clarke
Thomas &
i_egg
100,000
Cunningham & Co.,
Stix
ordinarily
PURPOSE—Company
Balance
100,000
109,000
———
200,000
2ou,uo0
The directors on
from
ceased
corporations
order
of
is
American
Fu ler
Mr.
the
he
,
of
July 1 at the office of Mellon National Bank & Trust Col, Pitts¬
burgh,
Pa.,
trustee.
Company
will
agree
in
indenture
to
retire
through the operation of a sinking fundi., beginning in
1949, 50%
of the bonds
prior ta their stated maturity.
Company will also agree
to
reimburse
to
holders of bonds subject
thereto
Penn.
personal
property taxes up to 4 mills per dollar of the principal amount of
2,958,788
dfebt
but
that
corporation
and
20,710,687
230,019
3,352.841
funded
announced
15
this
tnoroughly
Dated
190,695
3,197.234
income
on
•
155,607
oper.
income
Interest
173,029
22,387,083
11,922,956
Cr991,208 Cr9,527,410 Cr8,978,420
11.502
—
Jan.
of
Chairman
as
The bonds
mcome
Brothers
200.nno
& *^o
Laurence M. Marks & Co.
2562.
p.
100,000
—
Co.'——
G. Edwards & Sons—
A.
150,000
—;
Co
Crouter & Bodine_——-
and
reserves
Northeastern Water Co.—Bonds Offered—W. C.
Langley & Co. and The First Boston Corp. headed an under¬
writing group which on Jan. 22 offered $10,000,000 5%
sinking fund collateral trust bonds maturing Jan. 1, 1988.
119,457,220
expenses-
revenues
Jt:
166,
150,000
Inc.——
100,000
R.
E.
Townsend,
&
freight,
revenues..
rents
(Contracts
{After
K.
S.
Weeks & Stubbs 250,000
Whipple & Co„_— 200,000
DeHaven
$
oper.
oper.
tax.—V,
corporations'
Fresident
1947—11 Mos—1946
,
$
oper.
Railway
Equipment
profits
—
Richard W.
Co.—— 250,000
&
Whiting,
Bacon,
Rayon Corp.^—Chairman Retires—
on
the
last
new
t-nncl
Jr.,
directors
as
portunity
Ry.—Earnings—
$
oper.
excess
cf
and
business
2313.
the
ry.
1946.
suppl.es.
Buckley
Maynard H. Murch & Co. 250,090
& Co.— 250.000
—V.. 167,
and
income
sultant
Net
in
and
Klima
Starkweather
Mackubin,
S.
1,691,394
630,993
Period End. Nov. 30-
$1,447,848
materials
raw
150,000
Boyce
Metropolitan St. Louis Co. 250,000
Hutton
E.
eral
7,616,719
1,375.917
Norfolk & Western
Railway
Railway
and
progress
&
Co.,
55,601
income—
p.
in
Co—
&
Eioren &
&
3,435,033
$55,173,560
of
Bros.
Burnham and
Inc
——
250,000
Weeks— 250,000
Co.,
W.
:.Ar—„L—$38,165,253
139,233
22,982
railway.—
oper.
Eornblower
&
6,513,000
—•
3,109,933
;
8,029,319
12,405
X
Llair
California, 200,000
Wurts, Dulles & Co.——, 150,000
Arthurs, Lestrange &
& Co.——-1 350,000
789,367
•
of
&
Stroud
Corp.—u 42u,000
Goodwin
&
557,601
m
3,435,033
claims
prin¬
Brown & Sons
150,000
Graham, Parsons & Co.— 150,000
350,000
23,102,757
termination
the
Alex.
Ailyn and Co. Inc.— 2o0,000
C.
A.
Co.
Riter
420,000
Inc.—
Eond
Estabrook
3,109,933
North American
railway-
37,384,583
a„
Dec.
and
Harold E. Wood & Co._i._ 200,000
Watts & Co.—j 150,000
400,000
31;' IQMXLXXLX \ 32,514,979
—
Works
water
follows:
as
Stein
a.———
i.—
Securities
deprec.ation and amortizat.on of $3,935,133 in 1946 and $4,064,120
in
1£47.
fin connection with the Nav.on program.
lIArising princ.pauy from carry-back of J 94 V
net operat'ng loss.
"In 1946, Fed¬
$662,613
5,761
307,532
•
Corp.
945,318
——1—L__lh3
surplus
arc
Pacific
Securities
E. H. Rollins & Sons Inc.-
•
progress—-—....-'
$31——:
surplus—since
Total
1944
92,119
152,758
income.,—
From Jan. 1—
in
of
Baker,
-
Union
8,315,050
-593,492
?
ownership
underwriters-'
by, each
579,316
for
1946
$771,983
railway—:
oper.
(par
La. lied
work
November—
the
of
names'
698,370.
*
*
elc.__
v..1.
an
Southern Ry.—Earnings—
contracts,
contingencies---
'Includes
Norfolk
sales
contracts
on
with^rexiego-
mnter als———'a'--:
war
under
loss
sto„k
2663.
p.
for
Capital
The oiitput
existing 22,000 volt circuit
System hydro-electric plants along the river.
into
907,814
-
1,992.044
connection
in
contract
received
Deposits
$2,500,000,
horsepower,
generating units,
income
011
$2,127,809
*.1.190,685
accrued
of
Reserve
r0st
taxes
accruals
Other
Black
15,000
the
be
will
generators
14 filed with
of intent to
Jan.
on
a
generating
six miles
vip
of
for
capacity of 7,000 horsepower;
of
Washington
approximately
pron
and
s"bsidiary,
a
,
at
electric
Fed.
wages—
of
sewer
company
,' •' -'/./mV:/;'';',
,
Cor—_L$500,000
Corp./- 500,000
.
Fir)t- Boston1
Stone & Webster
2,024,277
than
and
through
■
& Co.——420,000
Goiaman, oachs & CO.—'X 42y,uoU;
Harriman
Ripley
& Co., .
Inc.
420,000
$3,000,000
,
(five
water
Subsidiary to American
are
purchased
be
to
amount
The
___
former
Ox the outstanding
common stock of American
Inc., the company controls indirectly 67 water com¬
UNDERWRITERS—The
cipal
W.
—■
taxes other
Accrued
*
——„,_2r—LI——
payable—banks
Accounts
ownership,
service
rendering
C0%
—
'
stock
water
company
*
-JA'-L,-—-2—$86,165,253 $55,173,560
„_
LIABILITIES—
of
companies,, and one
dissolution.
In addition,
Glore," Forgan
!
642,800 shs.
,-">f 424,103
———
through
the rendering
service),
one
co.,:(ihc^f•Y.;.
744^19
-
683,163
directly,
controls
in
sewer
of
process
Works Co.,
land and
35,181
34,769
———_.
'
panies, one "water company under contract of sale, one service company,
three.immediate holding companies,-and two minor companies owning
19,539~087
*
Investments-
T
1,000,009 shs.
service
two
approximately
48o,4o2
-!-■
render
also
Water
11,150,748m
•
57,843 shs
G7,3o0.5siis
300,000 shs.
——
engaged
companies
service
,130,266
i
747,0,0
engineering serv.ee. con¬
realizable' val;
on
'750,000
250,000 shs.
150,000 shs.
—"
.!—
the
BUSINESS—Company
2,418,160
..
706,754
claims, and accrued itemg -
Outstanding
$10,000,000
Co.
which
1U.186..990
ox, Federal .income - tuxes—lower of cost of market):;!—•:
'Inventories
Accumulated
tracts,. less
Govt,
S.
and
accounts
Sundry accts. receiv.,
167,
Offering—A
by
50
$10,241,119
•
_
under
and
now
receivable
trade
FINANCIN3
pledge of bond and note indebtedness not
indenture of direct subsidiaries of the company
of 38,700 shares of common stock ot West x-enn
by
the
pledge
pledged
plus
cost
PRESENT
par)—
$1)
(par
secured
be
'To
1946
1947
(at
series
interest >•
'Accounts
Otner
that
We
Treasury
i
30
SEPT.
SHEET,
• *
$5,219,007
U.
e
Clai-1
Earr
—
—
stock
Common
"Deficit.
CONSOLIDATED
TO
bonds— $10,000,060
trust
coll.
fund
Class A stock (no par)
arising from cessation
of
hostilities,
$331,130—see
above).
J {Transfer of balance of reserve for contingencies.
penses
EFFECT
GIVING
prior preferred stock (no
prexerred stock (no par).
$4
$2
§Includes
above.
sinking
Lank
taxes.
UTransfer from re¬
equivalent to certain ex¬
fof excess profits
$16,800,000
contingencies
lor
serve
vawren
Dickey
Authorized
and
$52,106,399 in 1945.
(Includes in 1946 cost of past service benefits
under ret.rement pension p,an
which became effective Oct. 1/ 1945,
$385,253.
{Due to cessation of hostilities and of Victory Day pay not
pur¬
estimate
Co.—Secondary
H.
30,971,762
-—
—
Deieired
(J.
Ely, W. C. Langley, Oliver B, Merrill, Jr.,
Lorenzo Semple, Foye F. Staniiord, John J,
and W. James Macintosh.
Horn
cnce
at
4,293,791
of year—
end
at
share
per
'Includes
*
ondary
consist
Van
of
were
Helnicker,
-
——_—— -
surplus
the total
$170,000,000."—V.
about
be
others
to
4412,221
28,102,758
surp.
s
and Electric
the system by
Co.,
resigned
changes
Electric
5,000 bringing
made
who
116,736,886
business
CAPITALIZATION
Earned
ASSETS—
Range
en
improvements
earned
1948,
for
additions
and
to
——I
ri.v.dends
Casii
66,000.
plans
7,820,303
4,001,062
• •
'
-
nearly
to
company's
{{4,440,480
surplus at beginning cf year
Total
Mr. Whitmore said, "While
our
activities were record-breaking in 1947, we look forward-to even
greater
activity during the current year.
Our manufacturing and
supply unit, the Western Electric Co., is turning out switchboards,
cable and other complicated apparatus in tremendous volume.
"The
year's program calls for a half million new telephone in¬
stallations, adding new cable with some 1,500,000 miles of wire and
establishing more central offices than in any prior year. Several new
the
"23,259
—
Works
were
offices.
central
the
state
credit
special
cred.t———
transfer,
Amount
Earned
provis.on
the
throughout
before
income
s'pnti!!
1935 Un irn
Company Act of
the holding
company
ox
»
nmJ
inc
Inc., to succeed three directors of that comoanv
the same time.
On Jan. 13, 1948, certain o.her
made in the board of directors of American Water
Co,,, Inc.,
so
that
as
presently
constituted
the
director
of John H. Ware, Jr., Chairman, and
GLbert W. Chauman
Works
Water
income
Net
Special
three times ahead
prewar
years.
New cables containing more than 1.000,000 miles
wire were placed in service so that m,ore telephones could be con¬
of
23,000.000
§20,200,000
2,500,000
Water
other
the
from
-
—_Crl 1,700,000
Works
the
to
Co.,
Inc., was segreaaSl
conveying all of the wa.Pr
companies in that system (with certain minor exceptions) to AmP
ican
Water Works
Co.,: Inc.
Shortly after Oct. 8, 1947, upon ihl
recommendation of the company, John H. Ware, Jr., w
c
Lan«»W
and
Lawrence
T.
Reinicker
were
elected
directors
of
AmenVan
331,130
-
Holding
business
works
water
American
of
.
—
the
Utility
Public
the
of
11(e)
which
1,130,736
.
ma¬
war
taxes—
income
mon
52,500
683.
to
instaFations
for
:
■
with
connection
in
-
Federal
telephones in December and the
handling of 27,200,000 calls on Dec. 29 set new highs in a year
of
record-breaking
activity
for
this company,
according
to
Carl
Whitmcre, Fresident, in a year-end report issued on Jan. 12.
The
year s
increase in telephones was some 415,000 bringing the
total served by the company in its st«te-wide territory to more than
4,000,000 at the close of the year.
"Although new applications for
telephone service kept pouring in," Mr. Whitmore stated, "we were
able to
reduce the waiting list from 430,000 to 276,000."
While calls averaged about 20,0o0.000 a day,
a figure 8%
higher
than in
1946 and nearly 50%
above prewar years, new records were
set
four
times
dbring the year,
each topping the previous high,
on
Fob.
21, Nov. 24, Dec. 26,
the day of the- snow storm in New
York City
and finally on Dec. 29.
Tno city contributed 18,321,809
calls to
the company total handled on that record-breaking day.
A
total of $155,000,000
was spent
for expansion and service im¬
provement by the company in 1947, almost double the amount spent
in
1946.
Forty new centra! of.ices were added to; bring the number
addition
of
purchased by the several underwriters.
The offering was
of
a
plan of American Water Works
and Electric Co.
certain
of
its subsidiaries
filed with the SEC pursuant'
4,127,937
,269,749
11,456
2,602,673
32,261
—
income
contracts
of
reneg.
The
miscell,
refund
for
Prov.
Serves Over 4,000,000—
Now
j
and
343,908,037
*
chgs.
{Cost of rearrangement of fac., etc:
o:
Co.,, Inc.
As compensation for their several comma"
American Water Works Co., Inc., paid the underwr'tQr<; tl
$1,343,534 in respect of the entire 2,687,069 shares "of Jm6
stock
underwritten,
of which 1,902,476
shares were achino
ments,
400,518,198
392,424
20,508,991
29,602,317
—
&
serv.,
sen.,
etc.
tuxes,
Interest
refunding mortgage bonds,
1978, will be received at Room 1600, 140 West
Y., up to 11 a.m. (EST) on Jan. 27.
purchase
—
-
sales.——.—1———
engincering & development exps., Fed.
capital stock & state franchise
Telephone Co.—Bids for Purchase of Bonds
New York
Eids
-
-
A
174,691
Works
Water
sum
156.
p.
income
station's total generating
Total
was
1949,
unit
new
November,
not
55.818,518 400,401,514
356,173
116,684
19,855,320
653,670
parts, etc—
'Net sales of airplanes,
Other
common
ox
$
capacity to 80,000-kw.
ine
offering price of $8 per share any of the 2,687 039
stock of American Water Works Co., Inc., which u.s
purchased on the exercise of subscription warrants or n!We
result
of
exchanges
pursuant
to
an
offering made by Amen a
public
30
1945
1946
1947
program
plant's two 20,000-kw. units and increase the
1 or
YEARS ENDED SEPT.
INCOME ACCOUNT
CONSOLIDATED
Corning areas.
calls for the construction of an extension
115 feet long. 155 feet wid'fe and between 90 and 100 high at the west
end of Greenidge station.
Installation of the new 40,000-kw turbo-generator will supplement the
Ithaca,
Monday, January 26, 1943
FINANCIAL CHRONICLE
&
THE COMMERCIAL
' (436)
16
(Continued
on
page
51)
r
•
Stock Record
New York Stock Exchange
«»
DAILY RANGE OF PRICES
WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PRICES
FOR EVERY LISTED ISSUE
LOW
73%
74%
74 %
6%
52%
6 Vn
51%
17
*45
47%
♦45
34%
34
34%
■8%
26%
7%
26%
*8
25%
♦100
105
•100
3%
3%
16%
*17 %
18
•78
80
40%
72
*31
32 %
7%
26%
3%
25%
3%
3
39%
'
10%
39
28%
29
11
*10%
►184
187%
185
185
183%
20%
*20
20%
20
20
19%
11
32%
33
♦32
92%
*287/a
29%
50
*99
287/b
28%
100%
97%
99
50%
49%
7%
7%
55%
55%
21%
21 %
8
48%
'
:
10%
10%
"1182 %
182%
32
11
27%
27
27%
88
31%
27
27%
88
87
♦63
♦63
64
11%
36%
35%
36
35
35%
91%
91%
91%
'91%
29
28%
29%;;
28%
28%
41 %
41%
5%
5%
5%,
*47
97%'
98
•48%
5%
*47
\ 98
49
>
49
800
•
5%
2,600
6%
21%
21%
21
'
95
1.500
Amerada
48%
*48%
49%
1,300
Amer
7%
7%
7%
40,400
54
54%
54%
54%
2,600
3%%
19%
21%
105%
♦105%
20%
19%
2,100
American
4%
x78%
21
94
.
40%
172
105%
4%
4%
79
40%
100%
*104%
106 Va
*104%
49%
49%
49 %
49%
19%
18%
18%
*18%
40
18%
♦18%
300
105%
39%
41
21%
*98%
'
40
21%
American
Crystal
88
38%
102%
102%
29%
29%
29%
•••;
29%
102%
♦6
6%
6
6
6
6
V
5Yb
6%
♦11%
11%
*13%
14
92
f per
*19 %
*27%
*8%
*8%
8%
*8%
*31%
33%
32%
32%
7%
♦89y4
7%
14%
178
*52
55
*7%
27
132
1323/4
32%
323/4
*32%
73/4
♦175
*175
180
88%
v/.:.
79% ,-fe1,
13% J
78'
!
13 %
92
98% 98
107/s
10%
18%
'17%
18%
*17%
18%
17%
17%
*17%
103/4,1/;in-: 10%
k 17%
18% M 'v
40%
39%
40%
39%
39%
39%
39%
54%
53%
54%
53%
53%
52%
54%
146%
147%
33%
33%
151%
*67:
H
55%
141
16%
V
35%
18%
151%
22%
*93
*61
543/4
7%
42%
7%
42%
42%
41%
95
*83
34
34
38%
36%
*61
100-%
52%
52%
20%
207/a
103/4
33%
33%
...
102 %
*10
65
33%
34%
*36%
100%
52
37
100 Va
52 y8
.
20%
20%
10%
*10
4%
4%
*4%
32%
323/4
32%
For footnotes
see
5
32%
page
28.
♦61
6%
65
33%
33%
34%
34%
.363%
36%
100
100
6%
150%
♦60
33%
34%
36%
100
7%
117%
:
150%
"42%
95
91
♦857/b
7%
7%
6%
♦60
33 Va
/
~41
%
*85%
6%
...
6%
65.
33%
87
300
!
•
63/4
33%
33
34%
2,010
36%
36
36
2,100-
1003/4
►100
101
51%
343/4
33%
*50%
51%
52%
197/b
20%
19%
20%
19%
10
*9%
10%
♦93/4
:
11 %
Nov
15% Jun
44% Jan
22%
10
111
9
10%
31%
4%
32
class
Woolen
,•
4%
32
•
4%
32
-
4,700
1,100
1
800
1,300
A
P
98
July 17
23%
39% Feb
24
.34%
Sep
16% Feb 24
10%
Jan
88%
Jan
Nov
22
Feb
Nov
180
Peb
27%
Jan
Feb
42% Aug
102% July
20
Aug
May 17
May 19
18% Oct 30
Deo
19
8ep
33
Sen
70 % Dec
10
34
122% Aug
12%
xl73%
42% Oct
8
3
Apr
37% Feb
29
Jun
00
22% Jun
122% Aug
Feb
48% May 19
10
.
Oct
par
25% May 19
Jun
July
17% July
17
27
136% Dec
Jun
Jun
186
34
Dec
102
P«D
97%
21
par
Dec
42%
133% Dec.
II
Oct*?
95 Ve
32
106 Ve
25 Ve
Oct
7
.14%
142
46% Mar
.
12% Nov
.
16% Feb
22% Feb
Jun
f per there
Nov
15
3
Oct
109% Feb
46%
Sep
172
July 17
Mar
,
6
Feb
158
165
160 :
Deo
22% Peb
02
Apr
72% Jan
Oct
34%
6
Jan
40
•.
101
^
Jan
Apr
60% Feb
172
8
27%
Nov
60%
28% July 24
26 Va
Dec
29% Jan
47% Dec
24
Sep
Apr
46
37 1
7
17
146% Feb 24
Oct
20
.
<38% Oct
138
Sep
Peb
May
26% July
66% Peb
166
Apr
22
200% Jun
174% Feb
62
Apr
15
82% Feb
5
73
Oct
19% May
61% Apr
19
84% Feb
5
76% Oct
100% May
174
July
149% Jun
27
103% July 23
41% May 17
*116% Oct 10
120% Aug 12
135
5
12
No par
common—No par
prior preference-'
Lead & Smelt
Zinc
prior conv preferred
Copper Mining
Dec
-
100
<
8% Dec
May 19
18% Feb
16
May 23
6
5% May 19
62
May
2<
30% May 19
25
"
50
48% Oct,
116%
Sep
13%
Oct
8
68% Jun
No par
com—1
Sep
76
May
lil
Jun
22
26% Jan
90
150:
31
Dec
60
30
7% Dec
Elec
1
.
4
159% Nov
19
25
25
50% Oct 20
110% Feb
13
103% Feb
13
6
.
29%
100%
87%
Jan
I>c
Deo
28%
jun
70% Jun
102% Jun
106% Nov
18% Jan
7
Sep
1
64
Deo
00
5
35
Oct
61% Feb
4
38
Sep
62% May
111% Mar 10
58% July 7
106
Deo
xll4% Mar
164% July
10% Jan
69% Apr
Mar
42
,
May
Cable
—No par
No par
Anderson, Clayton St Co
2J%
Anderson-Prlchard Oil Corp——10
Andes Copper Mining
—20
$4
21%
2
.
May 21
100
common
—
Wire St
May
Hlgkeet
I per thare
9% Aug 25
15% May 20
Tobacco——5
B
Wks &
May
Year 194®
Lowest
'
14% Feb
26
116
-
Co—
Tobacco
119
CMkp
par
36% Dec
preferred
W Products Co
Inc
Archer-Daniels-Midland
i-5
No par
29
35
Anchor Hock Glass Corp com—12.50
•
Dec
99
Foundries—No par
New
i
1,700;
193/4
10
32
16% Jun
Jan
147
24% May 19
10
100
5
*
150
52
32
Sep
32% July 17
11% May 19
—100
preferred^
Anaconda
15,000
36%
10%
32%:
Conv
100%
*4%
76% Dec
170
25
common
Sumatra
16% Mar
118
Jan
9%
15% Feb
15
Sugar Refg common—100
u
!-100
Water
$5
101
28% May 27
preferred
Amer
3,300;
65
*60
20%
32%
Sep
99%
Jan
28% Sep
29
21
Preferred
36%
34
Dec
8% Dec
'
52 Ve
5
8%
7
5
30% Feb
30
No par
American
200
20%
*4%
Am
101%
4%
24
Jan
28
Oct
111
30
127
100
Waterworks Co Inc
Am
13,700
99
52%
4%
19% Nov
14% Nov'
x25% May 19
—100
American Viscose Corp common
14
5%
preferred
100
5,800
"42%
51%
♦10
6%
550
Dec
7% Dec
23% Jun
Common
Anaconda
35
Dec
10 y« Jan
10
No par
American
3,400
117%
*93%
91,
33%
31%
I per thare
80
No par
American Tel St Tel Co
31,600
53%-
53
*116%
73/4
99
65
10
Highest
18 % Jun
Preferred
800
~4~l7/«
non-cum
American
2,200
.
140%
140
53%
53%
117
*93%
6%
Jan
106% Mar
31
100
Snuff
American
300
128%
18
18
140%
117%
Jan
61
I per thare
1
Rolling
1,800
36
36
140%
54
12%
uct
117% Feb
Stove
140%
117%
55%
44%
X34% Jan
13
Jan
27
Jun
5
American
22%
140%
140%
55
Aug
May
Apr
May
37% Sep
6% Oct
Range for Year 1947
v
100
Co—
Stores—
128%
18%
.
—_—
Steel
67%
54%
16
May 16
Dec
8
129% Feb
American
1,000
118
Jan
5
6%
4,300
1,270
91
33%
6%
9% Oct
5
American
65 3%
98%
65
7
42% Apr
Dec
2,200
65
6%
6% Feb
Dec
2,200
1,100
65%
*85%
11% Feb
23% Jun
41%
6
i)
7
24%
65
♦95
July
Sep
Jan
85
American
10
66%
7%
6%
76
102
No par
Preferred
.t
700
.
65 %
98
33%
1,390
33
150%
87
Nov
46
Lowest
Co—
27%
*22
36
18%
145%
653/4
77/a
6%
Jun
No par
preferred—
No par
Rad St St San'y com—No par
&
24%
130
18
7,000
,
65%
,86%
108
Range for Previous
STOCK
Mill com—
4%% conv preferred
American Safety RazorAmerican Seating Co
No
Amer Ship Building Co——No
Am Smelt & Refg common__No
270
150%
♦95
6%
Dec
11
Light com—No par
Power
American
700
17%
67
67%
98
Sep
97%
14% Apr
22% Jan
48% July 28
118% Oct 15
May 19
18% May 19
100
Preferred
2,700
151%
90%;
•
*6%
20%
102
11
12
1
preferred
27%
'
223/4
36
*128
$5
510
.
107/b
67
54%
4
Mar 12
24
22
Apr 23
9% May 17
preferred
Amer
16,800
66 %
43%
42
*22%
36%
130%
$6
30
140
*136
-
Amer
2,400
/
150%
117%
Feb
30
Dec
6
preferred
News
67
7%
77/a
32%
cum
American
24,200
13%
52
145%
"
140
273/4
17
43%
:. *86
*
.
Oct
90
common
Machine & Metals
6%
8,700
40
24 3%
18
*
42%
T
55
118
17 %
100
Fdy Co com—No par
Molasses
140%
141'
54%
7
No par
American Metals Co Ltd com_No par
2,400
78%
51%
YORK
American
67%
117%
7%
*136
27%
*125
67
.68
140 %
55%
33%
24%
150%
67%
26% Feb
22% July 30
100
500
V
40
146%.46
33%
25
18%
*
151%
67
118% 118%*
/ 7%
18%
66%
68%;
*139%
V'
•
145 N
28
*22%
,
3.90%
Amer
•
V
523/4 I'P
51%
•24%
223%
36
?
'
'k
40
*39
27%
130%
*125
150%
68
68
35%
36%
128
18%
151%
*22%
22%
\ V
1
preferred—
200
7%,
95
29%
98%
36
Products
Locomotive
Amer Mach &
40
93 v
28%
10%
22%
5
49
50
Par
500
\
29%
98%
128
Feb
5
July 29
5% May 19
EXCHANGE
2,500
28%
28 3%
10%
23
36%
27
175
175
n
180
29%
36
Jan
Aug
37
1
preferred
NEW
190
V
7%
87
99%
128% 128 %
•*18%
18%
1%
*
7%
87
10%
*22%
Mar
58
101% Dec
10
com
common
non-cum
American
3,300
32%
32
V
73/4
29%
♦135
Co
Shares
8%
8»/4
8'/a
33
,
7%
8
138
SS
Leather
Ice
132
*131
131
131
132
7%
25
May
18% Dec
American International Corp_No par
American Invest Co of 111
—1
82
26%
33%
27%
Feb
Jan
Mar
8
88
No par
American
Sales fer
82
98%
24
b
3% May 19
Home
the Week
83%.
73/4
13%
25%
Feb
25% May 19
American
400
18%
77%
•25
110
1
7,500
17%
1L%
26
Mar
38% Dec
10
preferred
conv
6%
17%
99%
26
99
196 Va Sep
47% Oct
19
Sep
100
1,700
6%
6 per thare
26 3/4
8%
138
Jun
150
7,160
11%
Jan. 23
7%
8%
33%
~V
Friday
26%
*8%
147
6%
100
7%
14%
27%
Sep
No par
Hawaiian
5,500
27%
80 %
•135
104 V«
preferred
Hide &
21%
*7%
89
-
105% July 18
Export Lines Inc—
American
103%
$ per there
13%
28 V*
Nov
29
20
Foreign Power com
American
21%
Jan. 22
8%
175
it
700
*102%
21%
105
Thursday
79%
135
21%
Dec
STOCKS
PRICES
Wednesday
88
27%
10
Cyanamid Co com—_10
preferred series A
100
CALK
14%
135
Oct
28% Feb
-
preferred
$6
900
14
'14
30%
28%
96%
20% May 21
com
$7 2nd preferred A
95
11%
10%
138
8
10
Sugar
1,100
24%
6%
*90
14
*
7%
23%
6%
Amer
55
*52
99%
28%
1
115% Jan
166
No par
prior preferred
$7
-
•
6%
29%
*135
54% Feb
May 21
Co
3,500
7%
38%
14
80
33%
Nov
May 21
-100
Co—
1,100
;
75 Va
14%
I per share
27%'
88
*6%
11%
89%
146
42
36
No par
1,400
75
11%
137/a
33
Deo
94
Co
95
*90
79%
146%
Oct
17%
106%
210%
72%
122%
40%
Tiling
*38
11%
893/4
33
Oct
79
184
8
No par
Inc
Distilling
24%
6%
6%
95
14%
146
~5%
1
12
7% Feb
100
Encaustic
11%
33%
60
3% May 19
75% Dec 29
25
American
30%
147
Apr
American
100 %
33%
•4%
2,800
6
30%
147
Oct
27%
*5%
*99%
54%
38 Va
3%%
*11%
*40
3
12
100
1
-
2,200
28%
18%
Jan
Feb
110% Nov
38
May 19
4
107% Dec
No par
com
27%
55
23%
24%
80
175
20
118
90
178
72% Hot
12% Nov
66% Jun
5
102%
6%
87
►175
7
23
May 19
Sep
14
•
77% Jan.
17% Feb
9
90
80
81%
*174
*32
8
65% Dec
46 %
29
89%
DO
81
14
>
7%
8
50
1
Oct
74 % Dec
6%
83
♦131%
8 7/8
25%
102%
38
38
17%
132%
7
American
75
*74%
6%
83%
►131%
Jan
Oct
19
28
19% Apr
74% Dec
31
18
83%
7%
,
20 % May 19
i
25% Feb
101% Feb
18%
27 Ve
1
Nov
30
83%
7%
9
7% Dec
19%
27%
*4% Sep
37% Nov
,
7%
19
7%
11
7%
7%
7%
*83
19
26
22
11% Apr
28%
14%
129%
44%
Jan.21
6 per thare
27 %
132%
HIGH
Jan.20
83%
Dec
50% Dec
Sep
*14
Tuesday
8
*7%
*131%
19
107
5
76
100
21%
*82
7
Oct
115% Jan
*102%
83%
Dec
16% May
12% Apr
Apr
91% May
62% Jun
-
Oct
6
217/B
20
♦82
7
8%
44
9
Dec
103%
9 per there
Mar
Apr
86
21%
there
73
51
86%
*87
87%
103%
Jan. 19
3
16
87%
87
21%
Jan. 17
Jan
34% May 16
1
preferred
conv
4%%
46
»
Oct
11 %
14
AND
60
6% May 19
1
:—50
Nov
Oct
104%
*
Sep
17%
5%
21%
LOW
25
13%
♦102%
.
23
35
6% Feb
217/e
Monday
Nov
Jan
8 Ye Feb
24% May 19
17% July 28
104%
Saturday
91%
20% July 15
21%
104%;,
27
10
7.500
6
2%
♦102%
29
•102%
14
4
99% Oct
5
*90
11%
14
*13%
Nov
.
91
11
6%
6%
*11%
30%
30% May 19
Jun 26
No par
10
23%
95
11%
11%
Nov
Dec
♦52
24%
*6%.
99%
Dec
*6%
6%
*90
.
105% July 28
' 42% Oct 14
Jun
7%
55
23%
67/a
24
2
38
95
Dec
16
76
24
90
66% May
106
July
62% May
•9% Nov
13
38
6%
Nov
40c
75%
23%
31%
No par
No par
76
♦90
1
American European Secur—No par
37%
6%
6
American
76
24%
39 % Mar
1,700
37%
95
16
2,600
38
6%
Jan
Jan
12,400
77%
24
Jan
30
2 Ye
•76%
♦90
jtai
15
78%
.
7%
6%
15~4~
24
16%
*76%
88%
♦52
5
Nov
2%
7%
;
Jan
July
16
202
14%
7%
6%
12% Nov
62
16%
7%
55
27
Aug
61% May
Ul
2%
7%
6%
Oct
15%
871/4
*52
Jan
91%
16%
87%
7
38
12
Apr
15%
88%
55
It
104
16
2%
*6%
48% Feb
9
10
Feb
May
6% Jan
69% Jan
.
'
2%
16%
2'/b
♦52
Oct
16%
15%
16%
2%
38
Oct
52%
,
i
15%
15%
16%
2%
38
29%
.
2%
15%
16%
2%
38
Oct
8
17
44
16'/a
15%
16%
2%
7%
3%
Feb
76% Nov
.
13
15%
;
15%
♦16%
*87
163
.
29%
common
37%
27%
Dec
212%
com
37%
102
Nov
90%
■
*15%
♦87
89
*86
38%
27%
28%
ii
'
6
101%
103
28%
29
29
5%
17%
17%
17%
37%
Sep
25
Feb
Apr
Mar
57% Nov
Cable
900
17%
88
.
5
2
,
Mar 26
Colortype
18
103
30
Chain St
American
88
8
102% Aug 11
5% Feb
4
Oct
Sep
preferred
300
is
102%
1.5Q0
non-cum
18%
88
103
1%
Amer
*17%
38
6% Feb
31% Jan
5
Not
Dec
American Car it Fdry com
18%
18'%
104
Oct"
100
*17%
88
33
18
38% Feb
112
.
Jun
18%
common
Chicle
18%
1
Feb
10%
69%
116
12%
61%
29%
Radio Corp
American
88
*102%
St
Can
600
18%
38%
Cable
48%
88%
68%
41% Jan
:
80
Co
48%
18%
Sep
Dec
1
Preferred
200
106
Shoe
49%
18%
8%
14
No par
preferred--
conv
*48%
*17%
dan
24%
36% Oct
Corp
"50
50
88%
38%
Bosch
American
3,700
21%
106
44 Va
6
50% Dec 27
Note
*104%
106
10
10
preferred—100
106
*104%
19
39
/
Bank
Brake
Amer
640
98
21%
21%
Jan
10% Feb
'\UuAl
29% May 17
Corp
No par
Chemlcal.No par
conv
cum
7,600
%
40%
98
40
100%
Petroleum
3,800
78%
169%
£87/a
38%
4%
78%
168%
*6'3%
39
4%
78%
*18%
38%
Amer
800
171%
100%
Oct
7
preferred
2,500
77%
.
6%
!
4%
4%
4%
Feb
*"•►>
13%
22%'Feb
preferred
Agricultural
American
105%
40
39%
40
105%
30%
May 17
American Airlines common
60
11
169%
21
49%
♦48%
4%
100 %
106%
106%
64
'78%
171%
40%
*98%
*63
*10%
173%
78
172%
21%
*104%
64
39%
105%
20
11
63
*10%
40%
21%
21%
11%
105%
21%
21%
64
41
4%
79%
40%
41%
*98%.. 100 %
100%
*63
*10%
•
106
174%
4%
42
41%
40%
106
106%
79
79%
174
♦98%
11
172
4%
4%
79%
174
64
11
29
May 20
preferred—^.100
Co Inc
convertible
7%
56%
Dec
Mav
1$
.
18
—100
Amalgam Leather
50
93
•1
: 189
'
164
No par
conv
Oct
40% Oct
4
10% Dec
Nov
65
1
24
90% Nov
Oct
8
7
—5
Alpha Portland Cement
94%
8%
55%
♦63
.cum
Jan
105%
I per there
Apr
18% Oct 20
30
27% Dec
v.—-1
—*
Allis-Chalmers Mfg common
3%%
60
2% May 19
25% May 19
56
61%
,_No par
Dye
Inc
Co
Dec
7
10% Feb
t
29
Highest
I per there
'
,5%
*47
50
Inc
St
preferred
48%
-
7%
8
•" 5%
; ■
50-
55%
41
40%
105%
4%
1,300
*28%
\
Allied Stores Corp common—No par
11,100
92%
55
11%
Allied Mills
35%
50
7%
64
11%
-
Chemical
200
*
♦11%
Industries
92
21%
21%
..
Allen
Allied
87
1*
-100,
A—
Allied Kid Co.—*
10,100
.
16% Dec
75
$2.50 prior cony preferred_No par
1,700
'
31%
*
5
preferred
Nov
3% Dec
-10
100
1,000
"
.
Mining
common-
1,300
19
25% Dec
Allegheny Ludlum Steel Corp_No par
Alleg St West Ry 6% gtd
->—100
700
183
32%
55%
55
10%
183
19
5%%
;
95
•'; 19
19
32%
*88
29
"97%
50%
7%
"
3,8oo
*83
92%
*44
50
29
95
36
•
5%
5%
5%
♦44
v
V*50
35%
91%
89 y8
28%
28%
*83
6,800
•
,
Year 1946
Lowest
July 28
110
May 19
100
100
Allegheny Corp common-
1,000
19%
27%
*88
71
6
No par
Gold
4
29
May 27
30% May 16
1
preferred—
4%%
16,200
40
70%
11
;
3%
39 %
89%
27%
92 Ye
28%
57/B
5%
♦48
.
3
71
185
.
32
36%
*91
■
'
32%
27%
*
89%
35%
36%
36%
♦91
28%
*88
89%
•88
32%
32%
27%
28%
28%
10%
Inc
39%
27%
95
187%
►10%
187%
*20
Juneau
Aldeng
71
29
*89
3%
Alaska
10
87% Jan
»
38
No par
CofP—10 J
Vicksburg Ry__
3,200
39%
-71%
28%
95
*10%
40%
71%
■■■;
/
St
-
43% Apr 19
13% May 19
1
„
Jun
5% Dec
10
4
Corp__
2,200
,
17%
80
90
2.50
Air Reduction Inc;
Alabama
37/«
17%
*78
80
3
10,200
66% May 20
No par.
—
Aauxessograph-Muitigraph
Admiral Corp
-
105'
*3%
17%
*78
3%
'
72
*89
95
3%
3%
17
80
25%
No par
Co
Adams-Millis
1,200
1,800
•
.
Co
Adams Express
7%
24%
Steel
Acme
7,000
Range for Year 1947
Highest.
t per thare
I perthare
Lowest
com
Straus
Motors
2,100
%
15%
*100
St
ACF-Brill
46 Va
7%
25%
3%
17%
.
Abraham
31% ,-31%
105
Abbott Laboratories
/ 5,000
.
>50%
*45
>
Par
2,300
5%
".15%
.
7%
25%
*100
3%
17%
40%
*71
26%
*78
3%
7%
-
105
'3%
17%
•
8
♦100
•
80
29 %'
►89
32%
...
105
17%
72 \
29
95
33%
80
40'%
►71
29%
29%
♦89
15%
47 Va
25%
3%
39
40%
72
15%
*45%
Range for Previous
STOCK
Mhares
'
,
YORK
EXCHANGE'
90
5%
50
lb%
17%
3%
3%
3%
5%
51
47%
.7%
.
5%
50%
NEW
the Week
-
72
♦80
16
80
*78
71%
95
'
6
51% >•51%
33%
*100
3%
727/a
,
*80
*45
7%
105
3%
72%
95
••
$ per there
16%
33%
8
73%
5%
•
t per thare
-
Satan far
Jan.
47 %
*45
26%
•
,
51%
,16%
47%
34%
6 •'
51%
16%'
16%
♦16%
73%
*82
Friday
Jan. %'i
$ per share
95
6
52%
STOCKS
Thareday
Jan. 21
-
73%
*82
PRICES
Wednesday
\
thare
73%
95
6
6 Vn
•si y»
• ver
i
74%
*82
95
SALE
Jan. 20
f per i/lore
J per thare
*82
HIGH
Taesday
Jan. 19
Jan. 17
;
AND
Monday
Saturday
20
Nov
101% Nov 28
46% Jan
16
38 % Dec
61
*
Jan
26
43%
Jan
14% Apr
15
24% Dec
22
15%
9% Dec
30
16
29
13%
Sep
6% Peb 21
4%
Nov
3% Jun
30
17
Apr 29
Jan
39% Oct
15
Oct
26% Mar
27%
24%
10%
41%
May
Peb
Feb
Dee
18
COMMERCIAL & FINANCIAL CHRONICLE
THE
(438)
r
YORK
NEW
LOW
HIGH
AND
SALS
Monday, January 26,
1948
RECORD
STOCK
STOCKS
FBICES
8 atari*?
Mtoiaj
Tuesday
Wednesday
Jan. 19
Jan.2ft
Jan. 21
i
Friday
Thursday
Jan. 17
Jan. S3
for Preview *
Range for Year 1947
STOCK
NEW YORK
far
Year 1946
Lowest
Highest
$ per
EXCHANGE
ike Week
Jan. 23
t per share
Uw«t
13%
13%
f per
$ per
there
13 %
137 k
share
$ per
share
13%
13%
13%
105%
105%
105%
Shares
-
13%
13%
1057.
5
14
45%
44%
45
44%
45
44
4474
44
44
91%
91%
917je
91%
9174
91%
91%
89%
91
15
*14 V.
14%
14%
14%
*14%
14%
•14%
14%
14
14%
13%
27Ve
13%
14
14
106
106
105%
101 %
♦100
14%
14
108
14%
108
100
100
99%
14 %
28
%
277.
27%
14
13%
137.
14
14
14
108
106
99%
27%
28
90%
92
92 Va
92%
90 V4
101%
101%
101V4
101%
*15%
16%
15%
15%
15
48%
48%
*47%
49
47 %
32
*68
35%
33%
77
35%
93
105%
*94
95
94%
22
22
217.
22
60%
60%
60%
105 %
95 %
61
*111
*24%
28%
6
6
*12%
17 Va
17%
*37%
38
10674
105%
105%
10574
105%
2174
2174
2174
2174
2174
61
60
61
59
60
113
11174
111
111
112
27 74
*24
26
•24
11174
24%
6
6
6
*12%
13%
17%
19
%
6
*12%
17%
16%
17%
19
18%
19
47s
6
13'4
5
4%
47ii
37 %
37 %
•24
37%
37
26
Oct
17
Nov
100
4
124%
Dec
99
Dec
1
134
153
4
125
Dec
29
148
34
Sep
99
Jan
2
112
Feb
10
1074 May 19
18% Feb
15
n
13
Oct
125
Ju°
4074 May 17
59
Feb
13
45
Sep
common—1
23% Jun
83
34% Feb
15
Jun
Jan
22
77
Mar 29
3174 Apr
15
40
Dec
—10
6
111*4 Dec
15
121
July 28
july
22% Oct
*53%
114
Nov
27% JaD
30
25
Sep
57* May 16
12% Feb
10
10%
Nov
16%
34% Apr
97% Jan
Nov
9
2214 Mar 11.
Sep
No par
common
13
135
Jun
^0% Aug
25% Jun
23% July
Dec
31
18% Feb
18
5c
1714 Dec
12
29% Jan
29
18
Nov
Amer—5
1514 Dec
3
27% Jan
27
15%
Oct
common—3
4*. May 19
7% Feb
8
6%
Nov
No par
36% Dec 29
49
32% Aug
14% Feb
Oct
83% Peb
13
prior pfd ($1.20)
1674
16%
2,900
Autocar
•18 %
1874
1,700
Automatic Canteen
4%
474
474
12,200
35%
35%
3674
3674
1,000
No par
Co
Mfg Corp
$2.25
57
No par
474
37%-
26% July 24
73
130% Jun
8
21 s4 May 19
100
—
Corp
Aug
18
May
51% May
Nov
loo
Apr
49% May
94
Nov
113% Sep 22
30
No par
Dec
Dec
31
28
Dec
16%
Avco
26%
68
M*y
29% May
105
Nov
91
common
Nichols
Conv
J?®*
26
105
preferred
conv
4
2
100
5
Tack
Austin
1,100
62
Dec
series B_——100
Corp
45
13 %
No par
preference series A
18%
1674
*18
RR
Line
Coast
conv
Atlas
May
May
26
Atlas Powder
100
Aug
32% jUn
Dec
non-cum
Atlas
Feb
30
May 19
A Santa Fe
Preferred $3.75
130
-
*1274
13%
12
13
45
350
112
•5%
6
*12%
"
13
830
5.900
May
36% May
17% Feb
20% Feb
132% Feb
320
.
60%
60
55
Jm,
55
112% Feb
Dec
4
Inc
F
Atlantic
9,700
22
5
37
10574
3374
21%
19
4%
100
33%
10 74 May 19
18%
6
Atl G A W I SS Lines
900
75
68
33%
60%
17
19
5
2974
*67
68
33%
93
6»%
19
29 74
30
77
35%
34
4
Dec
preferred
T
Jan
preferred—ICO
Refining common
25
Atlantic
21%
13'%
5
2,000
92
24 %
17%
48%
9374
*111%
19
4774
93
28%
*6
30
307a
A
9374
111%
*12%
307.
*68
2,000
48
47
1474
93
*24'2
13%
48%
10074
19
139
Sep
Nov
1374 Dec
Topeka
1474
Sep 22
42%
102
25
Atcfc
14%
17
66
Associates
100%
7
Feb
x98
2,800
7,300
5%
Jan
110
.100
2774
92
800
55
29
t per
share
i"* IS
24
com__100
2774
•10074
10
130% Jan
99
preferred
preferred
91
2774
30
100
Investment Col——10
2d
94
-111%
112
75
91%
47%
106%
*93
200
26%
14%
35%
100
99%
15% Oct 21
Dec
9174 Dec
No par
common—,.1
Goods
Dry
1st
90%
10074
76
65
27%
14%
317*
360
93
48%
35
,5,400
26%
100%
*30
14
105
90%
14%
*68
35%
14
103
100
Corp..
Corp.
Associated
14
106
9974
99
15
10074
77
34 "2
106%
Constable
Artloom
4,100
137.
13%
13%
13%
13%
105
100%
32%
30%
*68
105
*105% 107
100%
%
99
♦14%
* per *har«
3874 Jun
$6 conv prior
3,900
91%
share
9% May 19
5
com
Arnold
45
92
15
Illinois
of
200
45
*14%
Co
360
45
105
A
103
92
105
par
,
.
preferred
No par
Armstrong Cork Co com——No par
$3.75
preferred
No par
106
106
,
Armour
300
*105
*104%
'
,
15,800
•10474
13%
13 74
147«
105 v«
9 per share
f per share
<
airt«i
,
t per share
Co
of
(The)
preferred
conv
Feb
37% Jan
'
41
8
B
*
*13%
14%
•14
14 %
1474
14
147*
14s.
14
14%
14 7,
14 V4
14
14 V4
14
11%
12
11%
117*
1174
1174
117*
1174
10%
18%
18%
177*
18
17%
1774
17%
18%
177s
15
15
63
63
*47
48
*2374
*44
3274
*14%
44
15
15
*14%
15
63
*62
63
47
45
23
237.
10%
1074
10%
22»2
22%
*44
10%
36
1
90
9%
10%
107*
*21%
35%
*88
97
3274
227*
35%
90
17%
10%
10 %
35%
88
10%
10
10%
10%
2174
*35
35%
10
10%
32
*3074
34%
*15%
15%
*15%
15%
*15%
15%
17%
16%
17%
17%
17%
17
22%
22%
22
22
50
88
2,900
Bath
1,200
36
*85
400
88
*17%
18
800
*95%
96
Beatrice
30
18
95%
50
\
3%%
10%
35
15%
15 %
15%
15%
400
17%
17
17%
17%
17%
10,300
Bell
Aircraft
21 %
21%
20
20%
1,500
Bell
A
94%
94 %
*93
Beech
Beech
Creek
97
28%
28%
28%
28 7.
28%
28'%
19%
18%
19%
18%
19
19 V4
23%
23 %
23%
23%
23 V8
23 y8
86
84%
84%
84%
84%
84 y2
84%
25%
26
26%
*25y«
25%
25
29
29%
28%
28%
28 %
29%
28%
28%
28%
28%
3,300
34
32%
33%
32%
33%
44,000
137%
57
55 V2
-55%
•55%
14%
14
LOW
faterday
14%
AND
HIGH
135%
MALE
135
135
55
56%
14
14
55
*13%
*134%
Menday
Tuesday
Jan. 17
Jan. 19
Wednesday
Jan, 20
Thursday
Jan, 21
Jan. 22
9 per share
3074
29%
•14%
1474
•2674
2774
*15%
167*
•1574
•35
37 74
30
•3474
26 74
32
•93%
49 7b
26%
29%
I per share
29%
*29%
9 per there
30
*29%
14
14%
4,300
25%
2,900
Bliss
15%
3774
*15%
16
•34%
36
300
35
Bliss
35%
*34%
35%
*34%
35%
100
24%
25%
23%
24%
24
25
31%
31%
32%
32%
33
33
92
93%
2,500
92
92
51
50
51
94
94
50%
•50
51%
*50
51%
50
50%
2574
25
407*
4174
40%
41%
50
48%
48%
41%
50%
48%
897*
•8874
74'
367*
7%
817.
8974
•4 V.
89%
47.
36
36
774
•4%
•36
7%
•60
8174
7%
*60
'
10
974
10
9%
89%
25
60
25
25%
7,100
40%
40%
40%
4,400
Borden
46%
47%
46%
47
3,800
90%
90%
36 V4
34%
7%
7%
*60
4%
*4
4%
36
*4
4%
31%
31%
3474
28%
33%
1774
♦95
97
177*
•95
1774
17%
33%
97
•94
98
*2074
21
207*
2074
20%
20%
•18
18%
17%
1874
17%
17%
*122%
31%
32%
32%
96
17%
3,400
32%
94
17%
17%
31%
97
*95
17%
27%
17','4
1,800
32
*31
32
31
31
*30%
*94
98
31%
*94
98
•94
20%
20%
*20%
20%
17%
18
17%
17%
•72 74
73
*72%
73
•35
35%
•35
3574
.
87
•122%
9%
123%
10
•123
9%
123%
•123
10%
20%
-
123%
9%
17%
•123
9%
9%
120
Budd
9%
71%
72
71
11,100
71%
71%
71%
35%
35%
190
34%
34%
*34 %
35%
500
86
1674
1674
*85 %
16%
86%
16%
*85 %
16%
17
86%
32
32
16%
31%
31%
16%
*16%
17
31%
207a
31%
1974
2074
19%
89
19%
19%
19%
87%
87%
87 %
87 %
87
87
88
85
85
•83%
87
88
83%
♦83
83%
88
•63
88
137*
10
1374
1374
1474
13%
*83
13%
13%
30%
2,000
19%
12,200
86
13%
86%
220
83%
*83%
87
400
*83
88
13%
107*
974
84'4
•82%
84%
♦82%
84%
*82 %
1274
1274
127*
12%
12%
12%
12
88
12%
85
85
85
85
85
3
3
13%
12%
85
3
*85
*3%
18%
*99
2674
•32%
88
3%
19
100
26%
•85
374
374
18%
19
99
99
26
26
3
18%
99
*26
10%
18%
10
10%
9%
84
18%
99%
99%
26
26
33%
32%
32%
53
53
32%
32%
53
53
54
52
52
2
2
2%
2
2
2
7%
7%
7
7
7%
*28 V8
13%
•110
29
13%
112
•39%
40
*18%
19
11%
11%
•41
43
*12%
12%
*54
55%
27
28%
13%
109
*39%
*18%
14
110%
40
19
32%
27
14
110
•39%
•18%
7%
27
27
•
19
11%
11%
11%
11%
41%
42%"
41%
42
*12%
12%.
•12%
*54%
55%
*54%
2
7Vn
99
*25
32%
26%
3174
52
7
27%
18
;
7
26%
.1,600
99 Va
260
26
600
31%
2,200
53%
2
-
50
700
18%
♦52
2%
3,200
3%
2%
;■ i
27
7
110
4.500.
:
5,800
27
14
14%
1.600
14%
14%
14%
111
14%
111
40
,7
31%
52
—
12
25%
'
8,500
86
99%
25%
6,300
10
83
12
*3
14%
112%
112%
8,700
112%
112%
112%
•38%
39%
39%
39%
*18%
19 %
11
•41%
39
•17%
39
17%
*17%
450,
60
18%
11%
107.
11%
10%
42%
11 Va
41%
15,500
41%
*41%
42%
500
12%
•12
12%
*12%
12%
*12
55%
*54%
55%
*54%
55%
*54 %
12%,
55%
Co
4V preferred
3%%
v..,': ,."t
2nd
conv
Bush
Terminal
Byers Co
(A
Ml
Dec
Dec
26
72
9% Dec
5
No par
Jan
3
Jan
>
18% Feb
27
13% Sep
x
40% Feb
11
30%
31% Feb
10
23
30
5
25
11
36% Jan
7
Dec
26
106% Apr
27% Feb
30
5
Jan
9
No par
No par
so
—:
—l
conv
preferred—.No par
Canada Southern By Co
:_100
Canadian Breweries Ltd—
No
Jan
9%
26
14
Ry
Capital Admin -class
A
45% May
110% Mar
38%
80
Dec
130
'
Jun
-16%
15
95%
4
Mar 12
95% Jan
84% Dec
6
6
16% Oct
May 19
23
10
Dec
Jan
9
24% Feb
27
108% Jan
4
11
6
24% Apr 28
61% Dec 12
1% Dec
,*
Sep
10
23
15
Jan
3
99
Oct
27% Oct
6
98
,
v
no
:
9% ^n
19% Nov
*
.
4%
35%
\
>
12
27%
Dec
47%
Apr
Jan
29
53
Oct
8
3
Sep
.68
-^7%
AP'
F*b
-
34% Oct 22
12% May 13
17% Feb
Dec1
8% Feb
132
3
38
Dec
10
18
Dec
Feb
112% July
40
May
3% Feb
34% Dec
x55
17
6% May 19
21% May 19
110
21% Jun
15% J"
May
39% May
<
Oct
104
:
102% Aug
Oct % :
Feb
22% Oct
May 19
a.
20% Nov
105
Mar
119% May
t
Nov
Oct
Jun
59% May
111
^
6% Nov
75
7
Dec
13% May 19
94% May 22
-
26% July
Dec
13
:
22
Dec
19
97
31
; 88
Dec
-
.
:;
Deo
100
45% Feb
48%
Oct
104% Feb
26
*12% May 19
Jun
Nov
Jun
108% Mar
18% Nov
33
99
k-:
Oct
17
Feb
22% Jun
>
Deo
22%»Feb
y
Mav 19
84
25%
Apr
25% May
:
Oct
"96%
18
38% Feb 10
May 19
80
*■
7
II
May 14
»
38% Apr
Oct
70%
.
Feb
«% Oct
7
10
20%
...
Oct
12% NOV
10
48% Feb
18
11
25% Feb
20
24
25
9% May 17
15% Feb
13
11%
33% Nov 21
47% Dec
14
14% Feb
1
May 26
57% Feb
18
40% May
18
147
Oct
58
Dec
July
May
Ja°
25%
15
11
12% J»n
Nov
113 :
No par
Pacific
Mills
83- preferred
37% Nov
102% Apr
23% Feb
Apr
i
-
Sep
120
6
7
18
30
May
Oct
14
Jun
70
Oct
43
par
Canadian
Dec
14% Feb
86% Feb
Dec
3
Calumet A Hecla Cons
Copper
5
Campbell W A C Fdy____...No par
Can Dry Ginger Ale com
1.66%
Cannon
125
31
14% May 19
11
100
$4.25
2
May 19
Dec
42%
20% Or*
20% Nov 20
*
Feb
Jan
115
Jan
Nov
103
3
20%
-
31% Sep
35%
105
Dec
95
Oct
3
79
Participating preferred.
Zinc-tead
63
Jan
53%
Oct
2
5
No par
Callahan
-
Jan
100
California Packing common
5% preferred
v
109% Apr
28% Feb
L—„15
Zinc
Jackson Co
96
May 17
1
common
Byren
107% Aug
6% Feb
25% May 20
100
preferred
A
Dec
Jan
6
common
99
10
11%
72
Bros
57% Apr
61% Jun
Sep
102
Sep
Nov
34%
80
1"
.loo
48 % May
42%
35%
i
Copper
27% Nov
36
Dec
preferred..100
474*
7
9
Oct.15
55
Dec
^
Butte
35% Feb
Jan
Apr
69% July
Oct r
Sep
Bush Term Bldg 7%
Butler
62
-
100
preferred
9
4%
69
.5
preferred
Burroughs Adding Mach^
Jan
Mar
112
12
120
\
_y
common..
Sep
30%
13% May 19
pfd__l€0
Ine.j
101
20% Dec
No par
Burlington Mills Corp
8
1
;.l 95
5
4
_
Jan
3
90
.100
3.60%
73%
23% May 19
30% Nov 20
No par
.
-
35
Oct
21
15% Dec
No par
.
42
13% Feb
25% Jun
par
66% May
Dec1
11
49% Jan
.
Nov
18
Feo
39% Feb
15
3%%
13 %
*85
18%
*99
2%
*81
3%
18%
33%
•52
2
9%
83
3%
99%
26%
10
♦81
18%
Watch
30%
19 Ye
127.
10
Bulova
30%
88
83%
*83
14
Co
67
18% Aug
Sep
26
81
No par
Forge Co
Niag El Corp
«
27
No par
common
116
*
26
common....*
Buffalo
Buff
33
Dec
1__No
14
Dec
30
_No par
:
Feb
Jun
17
May 20
7
:1
May
30%
33%
9
22
46
Oct
Oct
3% May 19
32
.—2.50
preferred
Co
Dec
88% Dec
15
Nov
15%
18%
34
Co——5
common
31
6
10
20
18% Dec
May 19
38% May 21
37% May 19
(assented)_100
Gas.
Jan-
Highest
I per share
35 Va Nov
25
5
—.100
$5 preferred
Bullard
19%
87
•8274
10
1
..15
common
36
1
8 per share
59
.45% Dec
——_100
(The)
Previous
Year 1946
Lowest
41% July 23
24% Oct 15
89
No par
_
Co
Apr
29% Nov 17
,
common..—.2.50
Bucyrus-Krle
Mar
83
14% May 19
5
Co
1.700
31 %
19%
88
100
>
168
Nov
*20% Feb
May 17
28% May
5
—
May 21
14
No par
preferred
Deo
53
3
S per share
12% May 19
18% May 19
I
No par
A
Inc
143
27
23
$ per share
.2.50
Inc
Co
Feb
18% Jan
Highest
25
:
Bearing
Union
Jan
66
29
No par
Brass
RR
31% July
114% July
Range for
Stratton
Shoe
7%
17
•83
Maine
Feb
Nov
Range for Year 1917
Brum-Balke-Collender
3,100
32%
*85
13% Dec
150
Lowest
preferred
3%%
17%
35 %
*86
A
Brown
900
72%
86
46 V4 May 20
,
Co___.
A
22
85%
-
Inc
Airways
Brooklyn
300
35
87 %
133'% Dec 24
par
No par
preferred
Bristol-Myers
123%
17
20%
'
72%
•85%
A
$3.60
20%
32
*87 «4
"
98
9%
•8574
-r
50
98
12374
100
Co
——
Corp
Roller
Briggs
2,800
•94
974
8774
33%
97
27%
3,200
•31
12274
23
-
STOCK
—
cum
Bower
'
31%
10
*86
17%
9%
98
•94
124
10
32%
*95
17%
29
"
No par
31%
27%
32
32% Oct
105% Dec
(The)—
Boston
.9%
31 %
28%
97
19
-
No par
No par
9%
31%
28
1774
ly% Apr
76% May 19
com—No par
Br^gs Manufacturing
9%
31%
•3172
36% May
112% Aug
52% May
Brewing Corp of America
Bridgeport Brass Co._
9%
32
28%
Jan
Sep
3,100
9%
31%
Jan
58
Dec
Braniff
27%
Apr
112
29% Nov
700
28 V2
37
Dec
96%
7,500
3274
Oct
28% Oct
24%
7%
28
Nov
16%
7
35%
31%
15%
102
28% May
35% Jan
21
7%
78
Oct
35% Jan
35%
•71
Apr
15
9
7%
80
14
24% Dec
34%
*60
Mar
30%
12
7%
80
110
17
34%
8%
32'%
•95
Co
3%%
Feb
Nor
25% Nov
Bond Stores Inc..
200
*
28% Jan
103% Feb
a__
class
Borg-Warner
91 %
17% Sep
9
21% May 20
-
No par
;
40%
: °9o
11
19
Brothers
Co
B
41%
29
33
Ami
Class
49
•32 74
34%
~
48
91%
33%c
Co
Aluminum
40%.
•287a
*34
Bon
104
17
1R% Oct
1074 May 21
Carpet—No
Boeing Airplane
190
2
Feb
77% Dec
(Del)
Laughlin
25%
*4%
9%
A
Bohn
Jan
39% Mar 31
16% May 19
com__No par -
Co
25%
•89
ser
YORK
W|
25%
4%
81%
iE
May
118% July
of 1946.No par
Loan
Electric
Bloo-ningdale
19,500-
31%
12% May 16
1
Blaw-Knox
25
15 %
Nov
Nov
40
6
10
111
12-
19
_—1
common
Decker Mfg Co
14%
26
25%
4
A
14%
24%
95
Dec
3074 Jun
par
14%
2574
Co
STOCKS
15%
50%
25%
_L_
29
10
_1
EXCHANGE
26%
;
1
NEW
14%
95
5% May 27
50
Co—
preferred..—.
15%
39% Feb
15
Bigelow-Sanford
26
>
7
108% Feb
Steel
14%
31%
31
20% Aug
19
—i
Blaek
110% Jan
2g
29
Co
15%
25
73
17% Dec
Indus
26
3374
Sep
7
14%
95
46%
2
39% Feb
15%
267.
62
May 17
26
3174
29
28
147.
25
24%
5
1674
95
Dec
Oct
7
Birmingham
500
May
1874
21%
83% Dec
theres
29%
May
31
2
27
4174
10
f per there
100
Foods
7%
57
Sep
8
Jan
Jun
Oct
21
247* Nov 24
96% Dec
pfd $3.25
New
May
35% Dec
25
Jan
.48%
6
Bethlehem
38%
18
18 % Jan
1474
50 72
7*4
30%
4
Nov
Jun
24 % Jan
26
*88%
•60
share
8% Dec
18
106% Aug
the Weak
32%
2574
*36
per
1
No par
Aviation.
•alea far
Jan.23
24
19% Feb
-
9
397i Dec
24
.
Friday
5474 Jan
Dec
Best
500
19
15
95
A
600
45% Dec
20% Apy
__5' 1
—
" Mav 19
—100
Best
1,800
i
95
25%
*4%
I
*29%
14%
8
—2.50
Corp
PRICE*
1 per share
3074
54 y2
*13%
*
13
18
50
:
4
135%
53%
14
41%
Jan
42'/2 Dec
preferred
Cum
1,800
57
•14
Dec
RR__^l
Howell
4%%
2,000
26%
30
14%
Aug
25%
Beneficial
29%
57
2874 July 28
9% May 19
60
10
Bendix Home Appliances
26
57
Jun
64 y4
5.300
26
*14
88%
Apr
2,000
84%
33
30
Sep
3674
19%
231s
84%
135
Oct
66
6
23 y8
23 y.
25%
33%
12%
5
Bendix
26 %
33%
8
Feb
6,900
86
•135%
16 % Feb
69
55% Jan
50
common
pfd
Packing
Belding-Heminway
500
28%
26 %
34%
47% Jan
common
Beech-Nut
20
19
136
Oct
preferred—K.0
Corp
,
1
Aircraft
310
2,100
28%
33
18%
Inc
5,700
*
20%
136
7
i
conv
Mills,
33
19%
137 (i
cum
Beaunit
34%
100^8 101 y.
30y4 Jan
25 Va Feb
Corp
Co
Beck Shoe 4%%
10
20
•135%
Foods
34 %'
20
23%
Oct
11% May 17
^
Works
33
*32 %
28%
*84
Iron
10
32
34%
17%
11
Bayuk Cigars Inc
33
31
34
8
7
Co..___—___.
9%
28
24
Oil
21%
29%
24
preferred
98
•94 %
*
4%«%
34%
32
34%
7
1674 Feb
common....
974
29
*84
Brothers
Bamsdall
26
16
May
2474 Feb
.13
preferred
100
Corp (Delaware)_10
22
*21%
98
Barker
'
30
7% May 17
Works—
Aroostook
5%
Dec
13% Dec
common——100
—lOO
*21%
.
36
10
A
Conv.
16,000
,
1
Inc
Ohio
Barber Asphalt
15%
15%
17%
3374
A
*35%
21%
95%
35
*94%
44 72
•85
34%
98
♦44
3274
*17%
*30%
22%
44
3274
18
32
21%
44
33%
89
35%
*95
800
340
2374
22
Bangor
1,800
*22%
97
*30%
98
4574
T)
preferred
500
62
2274
17%
*35
*95%
15
62
32%
Locomotive
Baltimore
6,400
45
*
46%
22%
*95%
17%
97
*95%
♦1474
21,600
:
(B
Baldwin
7,500
-
-
44%
*44
10%
17%
17%
97
3374
2374
2174
36
*88
44 '/2
327-4
227*
10%
18
45%
44%
18
17%
63
33 s*
98 %
1874
14%
32
*17%
117*
47
*44
*95%
11
Babbitt
100
1474
1174
63
74
90
1474
14%
*23
14%
14 74
47
23%
23%
*14
14%
63
33%
35%
*14
15
*22%
35%
14
63
*10%
*88
'
48
63
*4674
23 34
*14
,
A common
1'
—10
80
Apr
•
;
12%
56
-
^
Oct
22%
Oct
Oct
21% May
59% May
Number 4667
167
Volume
THE
LOW
I
*30
40%
♦
I
SALE
share
I per share
107
*106%
A
107 V*
40 v*
40%
*40
41%
16
16%
42%
6%
*43 %
138
16'/a
6%
43%
138
16%
16
16%
16%
16%
41%
-
42%
42
42
4174
42%
*6%
4174
43%
138 Va
29%
30
40
40%
101%
137®-//.'
18%
t)
t
1574
75,300
39%
41
*674.-
6%
41%
134
5874
5774 -: 5774
2 5 74
2474
102%
101 %
102
137
132
133
1874
1874
'
2474
1974
20
2574
1974
1974
18%
18%
*10174
10174
131,.
*128
24
24%
24
1874
18
1874
1874
1874
8
8%
8
874
8
8
8%
8%
*8
8%
8%
8%
103%
104 %
*103%
104%
10374
104
-v
104
8
80%
*79%
80%
*79%
8074
7974
9%
9%
9%
8 74
9%
8%
1274
*12 Va
9%
*25%
15%
15%
14%
29 74
29%
29
20%
29
20
13%
20%
97
12%
9%
1274
15
1574
9,400
Certain-teed
29%
2974
800
197a
2,200
.*29
20%
30'
19%
98
...
1974
*94%
*94%
13
13 74
13%
28
29
28
2874
*2774
28 %
43 V*
43 Va
43 74
4374
43
4374
4274
4374
88
88
88
88
88
88
15
14%
9
9%
5%
8774
474
474
474.
474
1,000
8%
8%
874
10%
3,600
1074
107a
1074
1074
10%
22,400
6%
6%
X 6%
674
674
*6%
6%
.
1374
14%
1374
1374
1374
874 •X 8%
874
8%''
£•■%
5
5'
5
13%
14%
8%
4"%
8%
8%
5%
,
5
5
X;
9%
874
874
33%
32%
3374
32%
32%
18%
18%
17 %
18%
17%
18
37%
37
38%
36%
37%
9
••
37%
.32
.32
55%
*53%
30
68
47%
48%
*16%
9%
874
33%
317a
33 ;
32
18%
17%
1874
1774
18%
37%
36%
37
37
37%
3,400
3674
'
31%
31 y8
31%,
30%
3074
55%
*5374
55%
54%,
54%:,
2974
28%
29%
28%
874
287a
9
.3074
,
:
11,900
,3274
'
-
'
3074
*53
29%
$3
Chic
31,700
67%
66%
68
65%
66
66
67%
8,500
47%
46%
48
4574
46%
46%
47%
16,500
12%
4%
12%
*11
17%
■
*11%
*16
17%
*16
4%
*34
*4%
36
*34
'
4 Va
12
*11
12
1774.
V
*11
*1674
17
*1674
4%
23%
23
35
35
60%
5974
59
4%
4%
60%
*34
36
*33%
5874
2374
24,
2,500
35
58
10
5874
23
20
Sep
29
July
'
Jan
2
8% Oct
17% Apr
9
13% Jan
116
Feb
4
29
1674 Oct
23
15
14% Feb
6
21% Jan
.
18
35 V* Mar
116
110% Jun
3
Jan
102% July
Dec
:89
23%
8% Sep
Jan
27
9 74 Dec
Sep
2274 Nov
1174 May 19
30
19% May 21
110% Jan
10% May 10
20% Feb
54% Jan
30
14
Jan
Oct
48%
32
Apr
25% May
66% Jun
3
774 Feb
12% Jan 29
Oct
102% July 25
3% Apr
Oct
114
17% jevrar
/
2
8174 Dec
25 V*
Sep
12%
30% Oct 28
3
10
'
Jan
Jan
43
21% Nov
13
Jan
40 74 Dec
25% July
105
23
23
May
51%
Jan
23% Nov
Feb 10
24
24
14%
Oct 20
27
2074 May 19
10074 Dec
Deo
11
31% Sep
-
Oct
18%
Jan
9%
Oct
26%
Jan
20
7%
Nov
874 Feb
6% May 19
4 74 May 17
1
5%
Oct
14% July
17% Jan"
11%
Oct
33%
7
3%
Sep
15% July
Oct
11% July
11%
Sep
38%
3C%
Sep
Sep
8274
Jan
15%
43%
Jan
34 Va
Sep
76% Feb
8% May 19
1574 Feb
474 May 19
10% Jan 30
5
674 Feb
874 May 19
1474 Feb
3874 Feb
274 Dec
/
"4%
12% Dec
574 May 19
2374 May 19
>
8
-7
.
:
Feb
Jan
IB
51% May 19
21
3474 Dec
25
20% Jan
,
v
2774 Feb
53% Feb
13% Nov 2533 V* Nov
7
,4
2
17
Nov
37%
Jan
July 23
45
Deo
59%
Jan
14
Deo
25%
Jan
14
Oct
25 Va July
56
13
100
Oil_;—
Cotton
Chrysler Corp
14.200
Cincinnati
13
32
_25
Dec
7% Mar
11
18
,
4274 Mar 17
9
15
Jan
53
6% Dec
36
Sep
1
30
May
6674 Oct 21
2.50
56% Sep
8.50
—
15% Feb
21
Feb
31
4% Nov 29
No par
Chile Copper Co,
34,900
1074 Dec
,15% Jan
;
10
tChilds Co—
■,
Sep
Jan
100
Chickasha
%
Jun
Co—No par
series A ex-div
Chicago Yellow Cab,———No par
,
4%'-
4.'"
57%.
-
Pac RR
Jan
38 Va
2
11% Dec
,
preferred.—No par •
Is &
161%
Jan
20
15
__No par
Preferred
17
36
60%;
5974
4%
12
Rock
109%
Oct
3V
com—No par
Preferred series A—
.
Sep
138
19
96% Apr
40
convertible
104%
14% Jan
12% Jan
—100
81% May
23% Sep
18% Nov
22% Feb
.
S3
P vtc^-No par v
Jan
54% Nov
,10% Jan
,
8
30
;__No par
183
14
4% May 19
_1
Jan
Nov
21% Feb
;77 74 Dec
No par
Feb
Jim
22%
10074 Dec
100
B—_——
&
29
7% Dec
t
Jon
Jan
60
55
3274 Feb 24
7% May 19
.
Chicago & Northwest com—..No par
5% preferred
—100
Chicago Pneumat Tool com—No par
200
'
.
xl7% Dec
:
'
Apr 28
156
1974 Dec 19
:_No par
111 RR Co
108% lan
Deo
34
Oct
153
8
9
61%
10%
22
19% May IB
39%
Nov
6%
7
Feb
28% Dec
May
Dec
Sep
31% Nov
20
64
137
Sep
39
8
Dec
158% Jan
"
12
Dec
Series A preferred vtc—j
,
2,100
54%
2874
6674
•
Dec
130
Jersey
Chic Mihv St Paul &
.
8,000
46%
*16
60%
Class
9,500
>V
9Va
47%
*11%
36
60%
8%
6774
4%
*33%
,
2,500
1774
29%
,
3,500
/<
5
30
X97
Co.__No par
X——.1
Copper
7% Feb
47
May 19
17% May 19
Chicago Corp (The)—
l
Chicago Great West.RR Co com—50
5% preferred_»„^„fc^>.^_^
,50 "
Chic Ind & Louis Ry Co cl A—25 :<'
10,300
V
874
Dec
;
45
,
49 V*
.
600
-
3174
.
*5374
r,:,
"
14%
:
6oo
46
17%
*4%
31
%
;
65%
■
12%
*11%
-
31%
31
*53%.' 55%
29%
30%
,
;
30%
67%
9
5
5
■
8%
33%
11
88%
132
128
13
100
Class A
*88
Jan
-
No par
Products
Chic & East
8%
j
6
_1.25
Chesapeake Corp of Virginia
.„5 X'
Chesapeake & Ohio Ry commonX_23
374% convertible preferred
100 *
8774
5
2974 May 19
Checker Cab Mfg
,<
600
8,200
*6 Va
674
15
8%
5%
900
:
'
i
34 V*
LNo par
20
Co
1074
10%
674
:
Belt
474
8%
14 V*
4278
15
Champion Paper & Fib com—No par
$4.50 preferred
:No par
874
*4%
8%
7
*6%
12%
28%
42%
Oct
Sugar Co—___9.5Q
Pasco
874
4%
8
1074
:,1274
*
Chain
■?
30
*2774
''V
de
4%
474
9%'
11%
12%" i2%:
98
13% Nov
100
Century Ribbon Mills
•
8%
5%
5%
*8%
10%
19 74-
98
89
♦87%
Violeta
Central
200
14
Corp pfd 3.40% ser.loO
15
28
*28%
1,500
:
Corp.;
RR of New
Cerro
13%
43%
tCentral
1,600
28
*27%
Cent NY P.i
•
25%
974
1274 May 19
V 35% May 19
21 Va Oct
50
X
Aguirre Sugar
25%
43%
*13
12
*38%
7
*1
25
series
Central Foundry Co—
8%
*9
2
50% Feb
Dec
10
preferred
25%
12%
13
2,200
39 V* Jan
8
Dec
Central Hudson Q & E Corp__No par
Central 111 Lt 474?$ preferred
100
100
9%
11%,
Central
•
r
360
8074
*8%-
29
27
preferred-
14%
30
20
4,300
600
112
38
common
Corp common
preferred.^
5%
»
3,300
i'
1st
2nd
Highest
I per share
$ per share
9
24
'
8%
•
1574
*95
7
104 74
*787-4
7%
Lowest
Jan
Nov
Co common
23%
,
r25%
.
*2874
97
100
99
12 74
*8%
26%
16%
20 V*
*874
2574
15 %
100%
*1274
9%
26%
21
21
*100
12%
9%
26
30
30
/
12%
10
16%
■
*104
•
,
$4.75
I per share
No par
Celotex
500
8 74
8%
87a
26%
16%
>
'
7974
9%
f
$ per share
102
XNo par
Celanese Corp of Amer com__No par
t
Year 1946
Highest
5
General
&
(J I)
100
Co
4%
*'.
.
Caterpillar Tractor__L.
5,500
.
1874
■;(
••
*8
10474
*79%
500
k
v
19% ' 1974
8%
i
90
1974
8%
?
131
'24 74
*19%
8%
■
3,300
101%
,
/
1974
/8%
«
10174
130
/'
25%
Case
Par
Ry
Preferred
17,500
25
Corp
t
Carriers
60
■
2474
9%
12%
*9%
•
.»'• 5774
80%
*26%
i
2574
*9%
♦12%
700
4,900
134
Steel
Preferred
6%
*131%
Carrier
t
4174
41
136
•:
*79%
-
*674
4174
Carpenter
1,000
-
59%
-
103% 103%.
W
15%
25 Va
♦19%
•
8%
»%
8%
*8
1674
4174
58%
25%
Light
300
25%
*132
&
1,200
59%
*101
Power
2974
40%
15%
140
101%
^Carolina
29%
43
137
Ohio
*3974
25%
X
&
2974
58%
25 V*': -2a%
Clinch
4074
*41
.
t
(Carolina
29 Va
Range for Year 1947
Lowest
•.
60
.
*39%
674
42
*137
107%
25
*132
26,"
20 Va
18% N-
*19%
674
42%
140
*10674
Range for Prerloua
STOCK
EXCHANGE "*
Shares
5974
101%
*101
26
42%
*137
•
tper share
10774
NEW YORK
the Week
25
*133*>
r
6%
Sales for
Jan. 23
59%
26%*" 26%
U.
674
674
138%
60
60
W
•106%
30
30
Friday
t per share
108
30%
'
42%
Thursday
Jan.22
3074
42
u
„
S per share
10774
(439)
STOCKS
Jan. 21
per
CHRONICLE
PRICES
Wednesday
Jan. 29
107
106%
30%
*105%
HIGH
Tuesday
Jan. 19
share
per
AND
Monday
Saturday
Jan. 17
COMMERCIAL & FINANCIAL
23
Nov
24
96
Dec
19
^
'
■
24
24
2374
3*2
A
iff
*95
96
,
2 4.
A
96
21%
22%
38%
38%
3874
24
V.
A
96
22%
*22
74
A
*95
24%
A
96
A.
*94
2174
21%
.38%
3874
*31
31%
9
16%
32
874
1674
31%
90
*80
35%
21%
21%
37%
377a
*3074
30%
...
9
82
X4 9
9
*80
17%
17%
1774
17%
18
31%
*31%
32%
31%
31%
a
190
*160
190
*160
190
90
*80
90
*80
90
*80
90
35
35%
3574
107%
107%
35%
108
107%
•
35%
,!
35
3574
108
10774
30%
30%
307a
*80
190
*80
108
30%
*10674
700
*30 Va
30%
3074
30%
2974
29%
28%
*106%
108 %
♦10674
108 %
*10674
10874
V, *10674
29
*73
75
♦73
75
*73
75
*42%
«
45
♦42%
45
*42%
45
.15%
15%
15%
33
33.X
*33%
.10%
10%
•?
35%
35%
1574
33%'
.
1574
33%
15%
*73
75
*4274
45
73
'
:>
15%
3374
.
,
:
1574
33%
73
32%
*73
•
45 V
*4274'
15%
33
.v.
1,300
*32
3274
.
preferred
Nov
"30
Feb
38% July
58%
36% Oct
Apr
34 V* Nov
3
27%
Sep
44% May
11% Feb
10
6
9%
Oct
94
88%
Deo
22
May
108% Mar
31
Mar
20 74 Feb
18
34 Va Nov
38 Va May
21
May 19
15% Nov
178%
85
34% Nov 28
43% Jun
31
115 Va Feb
27% Jun
10
Nov
10
106
100
3274
1,500
1,300
Clopay
Cluett Peabody & Co com_x_,No par 1
Preferred
100 '
108
Jan
Sep
113%
Jan
106
Jun
108% Mar
rfu-
35% July 28
Mar
109
3
101
'
t
Jan
57
Feb
99%
3
Feb
19%
•
Jan
56 %
II
24% Feb
71
Dec 10
gtd
+50
: Special
42% Dec 26
gtd 4fr stock—
,50/
Climax Molybdenum——x—No par ; : .14% Dec 10
Clinton Industries Inc.
1
32 * May 21
4,000
Feb
Jan
109
4
107
205
;
27
Dec
*
Sep
105
Jan~28
95
Jun.: 26
5,900
r
114
Dec
15%
•
21
23
109*r
preferred—
Cleve. & Pitts RR Co 7%
45
; *42%
iMl 5%
15%
18
1274 May 19
,20
5%
75
•'
'
320
108%
"
"
Feb
Deo
30%
Deo
21% Sep
May 19
8
78
.
5
Co__
Cleve EJec Illuminating com—No par
$4>50 preferred x———No par !
Clev Graph Bronze Co com
,_1
8,500
i
108
C C C & St Louis Ry Co com—100
5%
.
_No par
City Stores
Clark Equipment
,
;
108
20
27% May 20
City Ice <fc Fuel—
City Investing Co common—.
5
5 %%
preferred.—,———100)
v
7;
36
108
0
Feb
28
90
.3574
*107%
29% Jan
111
48% Jan 30
8,700
3074
100 '
37% May 19
•
120
18%
com
21 % May 21
500
;t
Elec
C I T Financial Corp_,#._——No par >
,
500
'
9
&
—
preferred
7 Cincinnati Millipg Machine Co__xlO"
5,000
83
*160
;
108 V*
30
108%
3074
<4%
; 2,300
.
Gas
Rights
100
37
'•,Xi*8%
*80 ■'i"
X:' " IB'74
.
113,700
'
22
36%
18 74
17%
-30
A
99%
*21%
r,
83
;
*160
31
*30%
31
:
9
♦160
108
*106%
3074
*80 //
;X,
;
■V.:';
*9474
.
217a
38%
190
35%
108
80
-
21%
9%
•
80
:
24
;
A
99 74
3774
->
31
*874
81
r
17
190
31
874
•
♦80
32%
*31%
*160
-I
*31
9
81 X
*80
;
-
.
*94%
99%
'
38%
24
A
Deo
106
24% Sep
397/4 Mar 12
Apr
62
Ju
44%
1
f
Ftk
36% May
"
*140
-142%'
*88%
t\
89%
-974
35%
'-88 %
V
•
f
89
Monday V
I per share.
*62%
174
173%
63
AND
*91
;
142
-
88% '88%
89
173%
■
1410
.4274
44
92%
*91
24%
SALE
t per share
*91
173%
63
63
170
:
:
:
43 V*
91
24
2374
23%
23%
24
23%
18%
18%
18%
1774
1874
1774
14%
1474
14
14%
1374
14%
17%
17%
17%
17-/4
17%
1774
17%
17 Va
17 Va
15%
1474
14
14%
*13
*1274
14%
*13%
*14
1474
14 74
*12%
1474
*1374
14'%13
24
24 "
24%
23%.
11%
10%
32V,
32'/a
67
*65
11
32
3274
32%
1174
1174
1174
68%
3774
38
66%
3774
3774
38%
3774
37%
94%
95
93%
94%
93%
28%
10%
,
28
'■
28%
10%
•10
-v
10%
31%
31
„
5
;
30
5
22%
104% 104%
xX i5%
; *10%
15%
14%
.24%
14
•
*34%
-
:
1574
*10%
15%
24%
'X 1474 V 15
2374 'V 25 Va
x 40%
3574
*34 74
103%
4074
-
40%
35%
103%
97
13%
1274'
917a
90
90
32% -3274
*95 *
98
;
•
11% 41%
*53% ,54
7%
774
50%
16%
*22%
*52%
507a
1674
23%
97-
i
32%
-
*95
>
11
7%
774
49
50%
-
16%
.
16%
1574
1574
10%
*1074
47%
4674
14%
1474
23%
23%
13%
-
13 %
34%
10274
•»
1274
*88.'
;
1174
11%
53%
53%
7%
7%
49
16%
46
22%
21%
53%
5274
H%
J*%
14%
15
47
12
12%
52%
For footnotes
•45
47
11% 4 12%
*45
11%
,52%
see
page 28.
•
98 i<->
11
53%
47 -:
400
-7-
^
'
--
*88
774
1>
10%
r52.,_
7% X 7%
4874 ; 49
-
Mar 21
30
50
Feb
,v—*—No par
preferred
V13Q
15%
15
6.60R
45%
~
45 Va
11%
52% -53
,
Continental Can
$3.75
preferred
Inc common—X20
-
120
>"*
»v»
9,600
640
i
:
4
32 V* Nov
;
Nov
3
May 19
17
i 12% May 19
111
2
,
33
Oct
.
7
5%
3
108% Mar 26
2474
1 17V*
,
55% May
10% Feb
1
Feb
109%
Jan
36
25% July
13% Nov
Jan
1974 Feb
.
23%
42% Jan
60
.14% Nov
16% Sep
;
17% Mar
30
Sep
40% May
'
Sep
"15% Feb 10
54% Jan
2
.
,
Feb
Jun
18%
Sep
Feb
Jan
36%
Oct
Oct
105%
20 Va Feb 13
.
5%
132
12% Nov
24% Nov
33 V* Nov 20
Jun
July
32 V* May
Sep
Sep
29%
29% Feb
;
18
117a May 2i;
123
2% Jan
2
Apr
50 V* Aug
59%
Nov
2
:
vlQ Va July 3a
Oct
3374 Jan
7
■
Apr
36% May
106%
36 % Oct
103% Deo
19
7
35% Feb 11
*
18
10% Dec 16
'<40% May 19,
,
14% Jan
4% May 19
21
36%
13
Jan
48
Deo
20
78% Deo
123% Jan 29
,
•
14,
Jan
4.
,
28
104 Va Nov
47
Jan
32
Aug
17
Nov
,
Apr
May
33% Jan
-
9
38% Feb
99% Dec 3Q
114VaFeb
30.
1
Dec
•
32% May 1$
Dec
30
117a Dec
29
; 94%
Dec
.
*
30
Va
,5.
Dec
29
Dec
95
17
.
9
May 17
44
5
May 20
48
.
Ilil
Feb 24
115% Mar
Deo
35% Sep
64%
12% Feb
.
22
Apr
104% July 31
20% Feb
10
106% Apr
9
8
44% Feb
101
Sep
33% Sep
103% Nov
110% July 30
13 V* Feb
7
109%
.
8% Nov.
July
'
Jan
53%
Jun
113% Mar
18%
Feb
557a Dec
1
46%
Nov
63
Jan
12% Feb
8
10
Oct
24
Jan
t35:
Apr 14
14% May 10
55% Dec
23
J
19
Feb
19
12% Apr
•27 Va
Oct 23
55
10
J
i
$3 prior preferred—:
No par
Copperweld Steel Co common
(—5
,50
i -.^Convertible pref 5% series
l,1
1 Cornell pubilier Electric Corp
Corn Exchange Bank & Tr Co,„20
26.74 July
.
May 19
—-No par
Diamond Fibres—
115 Va Feb
.
29
Apr
Continental Baking sCo' conv-No par,
$5.50 preferred,u_,
No par
Continental Insurance—
52%.
11
.
Dec
23 Va
—No pax.
$4.50 preferred
Continental Motors———
—1
: 9,400
'_,5; 8,900 X Continental Oil of Delaware
Cpntinental Steel Qorpi
—14
; 1,000 '
Cooper-Bessemer, Corp com—No par
2,000
14%
11%
Corp,—i,5
29
30
Corp—1.33%X
1,600
*51%
47-
Grocers
2,500
.
21%
,53%
;
48% Oct 23
8% May 16
Y com__No par
Continental
52%
16%
.•
•100 V:
10%
52-
100
8,300
97%"'
*9574
..
:
v
2074 7
5274
N
Container Corp of America com,,2o>
A% cumulative preferred
100
.
1
*
90
31V* ; 31%
200
-19%'
52%
of
Consolidated Natural Gaa—*—:__,.15 .
Consolidated Vultee Aircraft—;
.
,
2,500
-
*15%
11
7
86
94
_i25
> Consol RR of Cuba 6V* pfd
100
/Consolidated Retail Stores Inc——1>
Consumers Power Co com,—No par
3,100
«■
3874
*95%
16 Va
♦45%
Co^
Consolidated Laundries
;
800
50%
12
Edison
Consolidated
400
16
1474
•$5
-<3,500
X
^
21%
•
Consol
«
15,500
52%
53
Edison
Consolidated
«
1,400
•
•
7
52%
7Vz
6
22 Va Feb
30
25 Va Nov
No par,
Congoleum-Nairn Inc
No par
Cigar—u—-No par^
Consolidated Coppermines Corp_i_5
•
300
;.'v" 22%
•
"12%7-"
1274
12%
90'
33
39% Aug
30
Dec
2% May 19
com—No par
Conde Nast Publishing Inc—No par
800
49
-
21%
*52%
.
38% /39
•
Jan
-
80'/a May 19
.-No par
series—
Commonwealth
4,500
•
10374
10274
11
^
50
1674
'-';i4%
34 74
34%
34
34%
103
'95% -'97
*95
977'a
*95
•^
1474
96%
32
$6 preferred
5,300
f
4074
*88
14
117a Dec
100
preferred
Commonw'th & South
1
2,300
•
r
11
3874
1274
1274
53%
21
-
13%
32%
Sep
63
k
*
'
2,900
>15,000
1574
47%;
9574-'
v
97'.
1574
15
6,900
.
3,200
2374
r-
8%
18
Dec
$3.60
Commercial Solvents
,
1374
103
Jan
14
Apr
87
X
19,100
23%
34 Va
35
10
1274 Oct
16% Feb
May 19
•
102%
32% Jan
47
36 " Dec
•
1374
♦1374
47
36
410
■X
1474 11474
24%
23%
91 Va
.
32%
-
-
40%
40
*96
.
W—No par
Jan
38
Oct
Nov
10
•
.
w
Jan
12V* Oct
10
•52,400
v
104:
104
preferred
Feb
Jan
39
Jan
30% May 28
common—No par
Credit common
24%
41
27%
Columbus & Southern Ohio Elec
1,600
23
cum
23%
15% Oct
12% Nov
13
Sep
28
5,000
5 Va
5
22 74
104 Va
-
V
$4.25
Aug
63% Jun
32% Jan 21
10
—No par
Co
Oct
10% Oct
Oct 22
20 %
May 14
Commercial
:
■
11%
33% v 54
■
10%
33%
98 f.
5
10
60% July
110
Deo
37
Feb 30
17% Feb, 4
17 % Feb 11
1,800
-
.
28%
30%
*30
22%
1574
1274
*89
*95 Va
2%
"
47
4074
'
*95%
2
30
104
*13 Va' '4' 13%
1Q3%
*103
Pictures
-
,48%
'•
'14
Carbon
Columbia
31
5
22%
10%
47%
Columbia
1,300
•
10%
30%
30
15%
10%
10
,
104 74
48%
*48
3,000
■
2274
104
10%
3V
30%
5%
22 Va
28%
28 74
'
274
9974
*10
30 |
/
5
227a
%
9974
28 Va
30%
30%
2174
22%
274
98%
'
99
28%
;.x *30%
22 Va
2%
98%
274
2%
22%
22
23
2274
9874
Gas
&
No par
Electric
Columbia
32!'a
3774
37Vs.36%
93 07
93%
22.7*7 ,7 2174
274
" • 2%
997+ ; X.' : 9974
2874 Y
2774
736%
95
2%
*99
227a Oct 23
18
2174 Nov 28
2.50
B
42% Feb
2
'
37%X/;lf
37%
38%
99
Class
1,100
Feb
69% May
8
May 20
2174 Dec
1
1st
25,300
200
38
38%
23%
'■»'
23%-
'.
10
2,100
66%
38
94
2%
„
share
9 Va May 15
common—100
Southern
non-cum
Feb
46
6
Aug 25
May 17
8
preferred—100
4% non-cum 2nd preferred—100
Columbia Broad Sys Inc cl A—2.50
4V<»
Jan
56
16% May 19
20
preferred
conv
18
12
•f
per
200
61% Deo
'
95
•'
cum
Colorado
190
»
.
38%
99
,x
2474
1174
*65
68%
3774
11%
11
32
...
5%
70
7; 2374
11^X777.10%
37%
23%
X,
*13% ;7:7. *12%..
4 7
24%
24:
11%
.
7 2,000
-
1274
2374
95
I.
.
2474
38%
r
,
*12%
11%
37%
v
14
24
*65
■
X X
13%
13
3474
23 Va Dec
5
Inc—
11
Highest
t
May 22
105 Va July 25
24
•
25
11%
: : *30
17%
Dec
—No par
Aikman
Mills
May 19
87
'
Colo Fuel & Iron Corp com_'_No par
65% Jan
,
'
Oct
130
6
1155
May 21
33
Colgate-Palmolive-Peet com__No par
$3.50 preferred
I
No par
Colonial
10
1140
No par
Corp
Collins &
13
11
Jun
May
Range for Frevloua
fper share
191% Nov
May 19
x6l% Jun
No par
Internat
9,600
2474
32%
165
Year 1046
$ per share
141
common_No par
(The)
2,600
25%
11%
60%
Jan
Lowest
Highest
I per share
Par
1,100
14
12
39% Nov
152%
7
19
'
14V4
*2474
35
Mar" 6
Feh
91% Dec
154
26
Range for Year 1047
*23 V4
X0
-7
*13
12
26
Dec
Lowest
A
Class
Coca-Cola
70
14
11%
Coca-Cola Co
6,600
25
35
48%
10
Dec
•
STOCK
X"
190
63
4274
2474
24
»
89
EXCHANGE
600
*8874
25
*23%
'
-
17 Va
14
'
*.
*1300
,
1774
14%
'62%
.
XX
'•■X''"
STOCKS
'1774
23%
18%
1374
25
t
7
7
„
427'4'-: 4374 :>7
90
90
77'
45
91
-
169 .7 169
6374
*1300
23
*13
Dec
34'
140
pfd—xT——100
Share*
f per share
170 vV
,
'63%
63
♦1350
1410
43
:_,_l
NEW YORK
the Week
Jan. 23
I per share
173
♦170
>
Jan.22
,
.
14%
♦14%
2nd
cum
Sales for
;) Friday
18%
*13
4%
r-
Corp—
XThursday
18%
14%
2,600
PRICES
92%
42%
92
*13%
10
88
88
14%
v
34%
142
■
HIGH
$ per share
*1330
24%
,
34%
*138
t.
-■•.
9
*874
.
35%
*138
T
Jan. 21
*62%
;
9
*8%
35
i
Wednesday
63
63..
44%
8874
Tuesday
*1330
.
44%: 7
V.
v *'■
I per share
*1350
/
142
,
Jan. 20
Jan.17
178
*138
89
-i
•'
Jan.19
*173
142
88 74
LOW
Saturday
.
974
35%
'
** X'
^
9%
3574
*137
i".
V':
9 74
3574
-
-
140
140
974
3474
10%
34 %
'6% May 19'
43
r
14
May L6
12% Jun 27
44
Dec
26
12% May 17
1
51% Dec
27
.
33%
Oct
49% May
15
Nov
*23% May
13 V*
Nov
30%
Feb
Dec
10
46 V*
Deo
56
Jan
17% Oct
«
12%
Oct
23%
Feb
Feb
5
50
Oct
fO
Apr
2'<%
Jan
67%
Jan
55
20% Feb 13
61
Jan
7
*12% Nov
52
Sep
:
19
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Volume 167
COMMERCIAL
THE
Number 46C7
LOW
I?
Jan.
1*8. 14
:(
I per there
• f#r
HIGH
10?
•106%
SALE
Jan. 23
\ t
107%
108
107%;,'
*106%
,90%
.30%
30
30
29%
30
j 29%
40%
40%
•40
41%
40
40%
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16
16%
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42
42
41%
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23%
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137
,
102%
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.
20%
*
140
134
*131%
V;
136
58%
:
59%
57%
58%
25%
24%
25%
24%
*101V.
101%
101%
102
132
133
130
25 V*
25%
24%
25%
19%
19%v
19%
19%
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19%
19%
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1«%
18%
18%
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8
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8
8
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•%
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103%
104%
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103*#
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9%
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9%
•8%
»0?% 304
10
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8Va
8%
*8
8%
104 %
104
8
*104
79%
8%
8%
12 %
12%
8%
8%
20
2b %
25;%
26%
*26%
25%
25 V#
13%
16 %
15%
15%
14%
15%
14 %
15
30
30
?f%
29%
29
29
20
20%
97
9?
2t
*
21
•100
20%
20%
100%
100
99
13%
12%
12%
12%
12%
28%
*27%
28%
*27%
28 %
43%
42%
43 %
42%
42%
88
88
88
87%
87%
4%
4%
44
m
88
9%
11%
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14%
IS
*4%
4%
5
4%
8%
8%
8%
8%
10%
10%
10%
*4%
6%
6%
V
14%
13
%
88%
4%
;
81/3
8%
8V2
103/8
10 %
6%
*6%
63,4
■
1st preferred
i2__Nopar *
I
100 •-
2nd preferred™..;
Certain-teed
Chain
Belt
$4.50
™_No par;;
Co™
preferred
-No par
.
10 V2 May
23 1 Jan
403a'Dec
81% Dec
3% Apr
Mfg_
1.25
Chesapeake Corp of Virginia
+_5
Chesapeake & Ohio Ry common__25
3%%
:
convertible
Chic & East
preferred
111 RR Co
Class A
13%
14%
13%
13%
8%
8%
8%
8%
3»#
5%
4
5%
5
ft
5
5
5
5
8%
8%
8%
9%
8%
33%
31%
1-2-*
30%
32%
32%
31%
33%
•31%
33
32
18%
17
14
\»
17%
18
17%
18%
17%
18%
17%
37%
1»»%
37%
.1?
'M
*
34%
37%
36%
37%
36%
37
37
37%
3,400
32
32
31
>1 %
51
31%
31%
31%
301/4
30%
305/s
30%
2,100
♦53s*
55%
•53%
55%
54%
54%
54%
200
$3
Chic
9%
•53%
30
55%
30%
1-7%
88
47%
•11%
48
9
4
*
*
*^%
ft*'#
9Va
*53
%
29%
28%
29%
28%
28%
28%
29%
>
66%
68
65 V#
66
66
67%
*-%
47%
46%
48
45%
46 V2
46%
47%
•11
12
*11
■
12
n*»
r%
*18
17%
♦16
17%
*16%
17
*4%
4%
4%
4%
4%
'
•
4
34
*4
*4%
*
;
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*24
;
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t»0%
t*%
i-fc
24
34
;
21%
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&
SJ%.
4
34
31 %
SihV:
7 t
•
•80
91
■»*
■
%1
9
-38
98
41%
38%
4%
35
60%
04
22%
4%
24
,/•
•
59
5%
36
237e
24
35
24
iV.
Chickasha
113,700
99 Va
100
*
21%
21%
21%
21%
21 %
21%
*21%
22
>«%
38%
37%
38%
37 V#
37%
36%
37
31
31
30%
31
*30 V#
30%
30%
30%
%
4%
'IB#
80
*1
'
9
80
•80
82
9
9
*80
83
iV
*8%
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Iff Va
18 %
8,700
i
301/2
30%
30V2
700
/
*h«
108
1510
•160
190
*160
190
4#
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90
*80
90
*80
90
34%
35*4
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,•80
!*>•*
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108
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■
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•73
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*80
1u>%
30%
30%
30 %
297#
29%
28%
*106%
IO8V4
*106%
108 %
*106%
107%
108
75
*'ft
7 V
*73
74
*73
75
**? %
43
*42%
45
*42%
*107%
45
•f; ,73
•4108
-:
108
320
75
*42%
15%
33
33
20%
10%
35%
-
35%
•140
142
•48%
#
#9 %
13%
15%
15%
15%
15%
15%
15%
*>3%
31
33%
33%
33
33%
32%
32%
4
lw-
*%
9%
9%
*8%
U%
•
34%
•
34%
?i%
♦137
149
5*0
«•
88%
tl
«
tow
W*«M»»y
litirltr
Jin. 12
J*n.
t per she'4
•t2%
f |wf |1«9
173% 173%
11
44%
4»
S»2%
2*
18%
1# %
*4
ti
■
J ♦%
r #
:
;
•24%
15%
89
Pitts
Special
*21%
*
J per share
•170
Clopay
/
Cluett
10
88
88
2,600
Oct
17 V#
Jan
15% Feb
7
Feb
10 Va Jan
30
6% Feb
4
4%
;
7%
47c
#.
u
14% Feb
38% Feb
8
T
11%
Sep
3C%
Sep
82%
Jan
27% Feb
21
15%
Jan
53% Feb 13
34% Dec
2
Sep
Sep
43 Va
34 Va
76%
Feb
17
Not
37%
Jan
45
"Dec
59 Va
Jan
14
Deo
25 V#
Jan
14
Oct
25 V# July
Deo
15
Sep
53
;
July 23
56
—V
—
—
15% Feb
U
Feb
18
21
13
7% Mar
Nov
___
Dec
J per
63
170
4
169
29% Jan
Feb
21% Sep
6
111
20
24
19
108
190
Coca-Cola Co
"3
27%
Sep
Oct
44 Va May
9%
6
88%
Dec
108% Mar
18
15 Va
Not
178%
Sep
205
Feb
105
Jan
108
Jan
109
Sep
113%
Jan
106
Jun
108% Mar
Jan
106
>8
Dec 31
94
23
Mar
-
-
95
Jun 26
85
107
—i
Jan
28
' f.
Dec
109
.-
Jan
22
99%
Feb
18
56 y#
Feb
62
3
19%
Deo
44%
39% Mar 12
24%
Sep
36% May
39%
Not
152%
Jan
57
"
I-
„
34
140
z„„_100
Dec
89
48%
10
Dec
*
4
3
Mar
24% Feb
101
10
42 V2 Dec 26
-14% Dec 10
32 - May 21
1
'
43%
45
42%
43%
92%
91
91
90
90
*88%
90
23%
24
23%
23%
*23 V#
23 Va
1,100
26
154
Mar" 6
4 ;
Feb
91% Dec
Dec 26
18%
18%
14%
17%
18%
17%
17%
17%
17%
2,600
Colonial
14
14%
13%
14%
17 %
17%
17%
17%
17 V#
•17 Va
14%
•12%
13%
*12%
14
Lowest
*14
14%
14%
14%
*13%
14%
*13
14
13
13
*12%
13
*24%
25%
24%
25
24%
-
Corp
14%
14
i*
?4
24
24
24 "2
23%
23%
11
11
11V#
10%
;• U Va
34%
32
11%
33
23%
23%
10%
No par
No par
Iron
non-cum
4%
non-rum
1st
-,1,100
Jun 10
May 21
May 19
Dec 24
Dec
8
12
May 17
16V8 May 19
—20
56
18
'•
2.50
21% Nov 28
Feb
69% May
60% July
110
Deo
37
Oct
10V#
Oct 22
20 V# Feb
63 Va
Aug
Jun
Oct
23%
Jan
15%
4
.
Oct
24%
Feb
i
12%
-
10
17 V# Feb
Nov
41
Jan
;5
39
Jan
7
Jan
171/# Feb 11
16 Va Feb
4
13
Sep
12 V#
Oct
38
32% Jan 21
8
No par
42 V#
*99
'
10
Feb
200
Deo
22% Oct 23
21% Dec
cl A___2.50
Feb
Highest
t per share
Oct
61V#
May 22
Jan
2
•105 % July 25
9% May 15
May 20
1
preferred—_100
2nd preferred—100
130
6
11
46
->
t per share
65 Va Jan
1155
May 14
8
common__100
Southern
Jun
May
Year 1946
Lowest
.
191V# Nov
May 19
Aug 25
18
Corp com—No par
preferred
conv
&
5
Inc
Columbia Broad Sys Inc
Class B.
2,100
11
&
cum
47o
10
,»
V-
Mills
Colorado
70
.
24%
24%
24%-
57o
190
.
141
x61%
1140
33
/
87
23 V2
No par
preferred
Colo Fuel
2,000
-
•12%
,
9,600
^
13
*13%
$3.50
60%
165
/
Ft11
19
$ per share
S per share
Colgate-Palmolive-Peet com__No par
70
17%
12%
-
6,600
14 = 8
14%
17 V#
,
'
Apr
Ju
Range for Previous
Range for Year 1941
Highest
STOCK
Collins & Aikman
'42%
•42%
38 V# May
35% July 28
10
Nov 10
71
50
,-50
115 Va Feb
Dec 31
27V4 Jun
106
Apr
May
43% Jun 27
34% Nov,"28
par
22
34% Nov 2-1
May .19
100
v
'20% Feb
12% May 19
No par
23%
Feb
10
common-No par
(The)
Internat
114
11% Feb
100
Class A
Coca-Cola
30% Deo
'
Deo
34 V# Nov
May 19
Par
n3oo
;
'
8
•
EXCHANGE
600
63
62%
63%:
*1300
.
Jan
May "•;•
66% Oct 21
9
27 V# May 20
5
No par
;
Share$
share
169
170
63% ;
•1350
NEW YORK
the Week
Jan. 23
6 V#
36
42% Mar 17
Dec 30
•
•'.«-
1
38% July
1
-
ll1/# July
38% Jan
58 V#
___No par
-
2nd pfd
cum
15% July
Oct
Oct
gtd
Corp
z„__—
Peabody & Co com
Preferred
.
33%
Sep
Not
com
stock
Oct
7
3%
ll1/#
,
36%
100
RR Co
gtd
sn%
14%
5%
21
—No par
Co
Jan
1
18
t__
Industries Inc_z
Sales for
Friday
•?
t per share
173
63
Jan
STOCKS
Jan. 22
11%
>%
Clinton
•4,000
142
Thursday
Jan. 21
M3%
24%
■
1,300
34%
*138
14
'*11
23
.£4
9
.34 V2
-
18%
30
109
Climax Molybdenum—
.
PRICES
Wednesday
43
1,500
?8%
:
,
88 %
88 %
'
15
9-
-35 Va.
142
14%
14
14%
35
*138
; 5,900
323#
*32
14
*il
:
It's
*
17%
14 %
♦33
■
17%
57%
•23%
1410
•S»!
13%
14 %
SALE
63
1330
42%
44
#
14%
24%
*
*41
£■«%
44%
*62 lt
U19
•1*3©
35%
142
88%
9 pet there
*'i
81
•1350
•VI
AYD BIGB
371% V*
178
•r3
35%
♦138
89
Tuesday
Jan. ?•
I*
9%
35 %
142
-
Jun
Oct
*
Feb
;
preferred
Cleve &
30
••
15%
15%
v
66%
28
——No par
Bronze
Apr
25% May
8% Feb
.
5
preferred
32
Oct
48 V2 Jan
Illuminating com__No
Graph
5 r'o
45
45
Clev
.
Oct
17% ATar
2
37 % May 19
preferred
$4.50
1,300
29
108 V#
Jan
48%
V
30% Oct 28
7% Feb
Oct
114
12%
13
25 V#
Sep
14 Va July
96
'
13%
.
10
54 % Jan
*
*108 <>
>73'.-
73
•'
*42%
5%
8.500 "V Cleve Elec
36^ 36
35%
Not
105
21 Va May 21
-
90
:
107%
35%
45
•42**
35'
35%
107%
'30%
.
»%
*}*••>* %
!<*%
35%
190
♦104% 108%
iwi
5^- %
31
♦1€6%
31%
*160*
21%
10
LlO
Ry Co com
18 V#
30
Feb
Jan
Jan
43
26%
32
100
17%
31V*
Not
4Va Nov 29
,_20
18
31%
190
Corp_,_*„i
Co™
17%
32%
23%
No par
Milling Machine Co
City Stores
-•
Clark Equipment
17%
-31%
Oct 20
May
25% July
.
Oct
23
/
120
17%
31%
Jan
51V#
Sep
Not
.100
C C C & St Louis
83
17%
31'4
24
Deo
Jan
7 V#
8.50
City Ice & Fuel-1-
j«,%
Sep
11
Jan
23%
9%
—
I T Financial
102% July
20
com
™;
116
Dec
8%
Apr
13% Jan
12% Dec
_z—>
Elec
&
City, Investing Co common;—
5 Va %
preferred—
If
•180
Gas
Jun
89
14%
20 V# Feb
56 Va Sep
i
500
■t
HO3/#
■
-•>
31%
10
3
10% Dec 31
25
preferred
Cincinnati
2,300
5,000 :
32%
10%
*31%
4%
Sep
12% Jan 29
2.50
Rights
••
500
9
*80
-
•
9
May 19
May 17
May 19
May 19
15 V# Jan
10
No par
Cincinnati
»3«
*94%
17%
~4%
—
No par
Chile Copper Co
Jan
Oct
3
—
100
Oil-
July
29
8%
102% July 25
—
.—100
ex-div
A
Cotton
14,200
24
•j3«
09 Va
9
No par
Chrysler Corp
*94 %
36 *
9%
series
23
Sep
27
33V# Nov 25
20% Jan 16
51V# May 19
;
Co„No par
tChilds Co
10
*
*8%
preferred
& Pac RR
34,900
99 %
*94
Is
Sep
20
110% Jan 23
23% May 19
13 V2 Nov 25-
<
100
.i
convertible
Rock
Preferred
2,500
58%
58
preferred
-
lOO
No par
Chicago Yellow Cab.
4%
*33%
58%
25
—No par
Preferred series A—
17
4
_50
i._-.
.-j
Ry Co cl A
B
Chicago Pneumat Tool com—No par>
12
*16%
57%
24%
?*
*11
.
4%
*34
35
60%
24
-
preferred-
Series A preferred vtc_™
Chicago & Northwest com
16,500
12%
20
30
14
6%
4Vi
8%
4%
2%
Chic Milw St Paul & P vtCi._No par
/
y
8,500
47%
Jan
Dec
5
6% May 19
40
Ind & Louis
Class
31,700
«?%
4««
3©
5%
!■ Chic
9,500
%
*11%
•31
8,000
18%
30'*
U%
38%
11,900
32%
:
*" %
%
*11%
*22
9
8%
?«•«
•10%
.
2.500
45
12%
17%
"33%
10,300
5
22%
5% May 19
100
com_.No par
Chicago Corp (The)1
Chicago Great West RR Co com__50
8%
5
138
30
,20% May 19
19V4 May 21
V 100% Dec 24
Checker Cab
^
14%
*
1<83
Nov
2
21% Jan
11% May 19
#_1 V
Products..^
Champion Paper'fe Fib com__No par
:
8%
3,500
.
64
•
y
•
13%
8%
•153
8
3)3% Jun
*%
14%
7
Feb
109% Jan
161% Jan
8%
€'%;
Feb
Jan
Jun
Jan
600
13%
158 % Jan
30
10%
55
Oct
31% Nov
Oct
9%
,
6%
Jan
Jan
60
„34V# Nov
,
Deo
34
Sep
*i
;
Dec
,
.
49 V# May 19
17 V# May 19
™2_No par V
'
:v
Nov
"104%
22,400
■i
13%
Oct 14
Oct 15
Feb
8
Dec 20
May
x97 : Dec 12
108 Va Jan'> 6
130
Dec
9 > 156
Apr 28
Corp common_Uv.zzl_No par 197/8.Mayl9
32% Feb 24
i
5% ■preferred..;™™;
«20
19% Dec 19
217/b Feb 14
Central Aguirre Sugar Co_™No par
xl7Vs Dec 29
» 22VaFeb
19
2
:
Central Foundry Co„_™—I—-*_1
V.7% May i9\ ; i4V8Jan
2
Central Hudson G «& E Corp™No par
7% Ded
8
:t 10% Jan
Central 111 Lt 4%% preferred—100
100 V# Dec 23
>116
Feb 4
96% Apr 13
(
Cent NY Pr Corp pfd 3.40% ser_100
.77% Dec 30
12% Jan 31
i
tCentral RR of New Jersey
100 r
4% May 19
16% Oct 27
Central Violeta Sugar Co™_-—9.50
11% Dec 29
14% Feb 1$
t
Century Ribbon Mills__i
No par
...
9V4 Dec 23
35 V# Mar 6
Cerro de Pasco Copper
i_No par ,
22VaNov 15
$4.75
3,600
10%
61%
?3% Sep
1,000
6%
11
39%
81% M ay
600
4%
8%
6%
4%
*88
Dec
Sep
NOT
8,200
10%
»%
13%
4
10%
7
7
4%
600
38%
39
Nor
900
:
j
2
7
18%
30
43
«9
10%
•2,200
1
98
13%
41%
•8*4
*94 %
28
44%
4%
19%
19%
98
8
Sep
54 y#
800
17
28
4
5%
29%
43%
13%
24
4J%
5*i
29%
112
39 V# Jan
50% Feb
29
132',
137
9
287/a Dec 22
9,400
29
12%
28
•87%
1,600
15 %
13
11%
•27 %
1%
25%
15
19%
*94 '/a
98
200
25%
'
'
30
19%
20%
20
•95
1,500
:
9%
*28
•13
43*4
*29
30
•28%
;
9 V#
360
'
12
*9
25%
l».!«
2ii
100
: 2,200
*78 V2
16%
7
A
11%
9%
<
80%
*8%
12%
600
•
104 V#
>
79%
97,
3,300
J
Dec
Dec
Highest
t per share
share,
Jan
21%
; 45
6
Jan 13 v.
7%
29% May 19 •
47
100)
—1
S per share
128
24
12Va May 19
35% May 19
25'
Co common
Nov
38
Celanese Corp of Amer conwNo par *•
7%
500
'V
Year 1940
4 per
Celotex
4,300
1
■
Corp
Caterpillar Tractor„
f
5,500
1
General
&
(J I)
Preferred
500
y
.}
li%
*14%
series
r
.
90
.V' ''"
24%
20
1®%
8%
*.
>
•
19
Range for Previous
Lowest
Highest
27
.
:
10
50 V
*-.1
cominon__-^
Case
102 f
5
Co^—w-^-z
4%
1
$ per share
Par
s
60
V)
Steel
Corp
Carriers
-(
3,300
V
:•:
Preferred
!17,500
18%
•19%
»
•'
;
131
:
24'
-
.
101%'
*128
-
24% 7
i
t
25
101%
131 '?•
24
Carrier
j
1.Q00
57%
,
Carpenter
"
,.•
Ran^c for Year 1047
Lowest
^Carolina Clinch & Ohio Ry
100
( Carolina
Power & Light__i_No par
15,300
134
57%
25%
59%
>.:>•>>•':>>
300
-
■
41
417'ho
.
.
700
6'/# :v,-: "T
41% :-C-- > 4,900
*6%
6-7-8!,,
41 %
43
41
-
»'•
STOCKS
EXCHANGE,
60'
:V. i
(439)
NEW YORK STOCK
1,200
15 V2
•
41%
*6%
6%
6%
42
140
13?
101%
*IM
a#
.
*41
40%
v
<
' •V
:C
29%
15 V2
40 %
43.',
•'
107%
39%
29%
43
42%
*106%
*39 V#
3©<#
!*'«
Shares
share
per
'
Sales for
the Week
Jan. 23
S per share
J per share
CHRONICLE
RECORD
;
f''
Friday
Thursday
Jan.21
107%
STOCK
PRICES
Wednesday
10
f #«r «har«
®fc*rt
107
•ir«%
•3©
AND
TimAit
MMIit
FINANCIAL
YORK
NEW
Ian
&
28
Oct
47
Jan
32 V2 Jan
10
Apr 18
30% May 28
10
27%
Not
47
12% Oct
•
14
8%
Sep
14
Jan .'
6
32 V#
Not
48
Apr
,
Jan
'
11%
11%
11
35
12%.
22
U
»»'•
*65
41
31
11%
toft
g
11
%
*65
.
:
32%
32%
11%
■
32%
32%
11 %
11%
66%
66%
32 %
„
32%
11%
11 Va
66
37**1
r %
3*
37%
38
37%
38
37 %
37% " *
37%
,«8$f
»%
37%
38%
37%
37%
36%
37%
36%
93
*4
m
f»4%
95
93%
94%
93 %
93%
93%
23%
*7'%
;■?
22
22%
22%
22 %
21%
21%
21%
;
2%
2%
2%
2%
2%
2%
;
*9
**
44
98 %
98%
99%
99%
99
99%
28%
38%
It)*
«r®
»4
4
2#%
28%
28 %
28%
28
28%
*44
H<
4
10%
10
10%
M»
»
30%
31
29%
30%.
30%
2'.
10%
*30%
31
•30
«
4fc
%
®e•
g
31
>, S
*
'?«%'
141%
15%
*
2-3-%
?;%
144
lv4
t&%
15%
•10%
10%
•10'*
•48
4#
«
15%
•19
30%
31
30
S
£2%
104
15%
ft
22%
104%
5
22%
104
2%
V
2%.:-.
9%
15%
15%
"•
5%
22
104
15%
10%
10%
10%
•10%
47 %
4«
47
47%
46%
47
14%
15
14%
14%
14%
14%
14%
R4%
21
14
54
33%
•55%
12%
•* J
»7
11%
7%
5 Va
.-
5
5 ■:
v.-22Va
-
11
.
22 3
a
104
T 104
15
15
10%
10 %
15% >
:
-
V#
46%..:: :V 44 •:•:; 43
14%..: - ;/'•;• 14%
14%
r
24 V#
23 V#
23%
22%
23%
,
13%
13% 1
13%
*13%
13%
;
♦14%
35%
34%
35
34
34%
1?%
00
52%
*#S
40%
34%
103
34%
us
m
US
♦84
3?%
32%
•95
9t
33%;
40%
38%
40"#
95 %
96%
*95%
12%
12%
12%
12%
»1%
•88
32
33
*95
"*88
90
32%
97%
98
11
U%
11%
11%
11
11
i3%
54
53%
53%
52%
53 V#
?%
?%
-7%
'
?%
44
50%
44
50
49
H%
10%
1*'%
16%
16%
16
22%
21%
21%
21%
21%
*52%
53%
•Si**
53%
52%
51
52%
52%
13
13%
*'%
»*%
14%
ift
147#
43
47
47
♦45%
52
"
16%
21
•#s
12%
*«**
US
4?
12%
•13
wr#
JS.
74.
.
115% Feb
3
103%
•26% July
1
preferred
100
No par.
Solvents—
&
South
*
com—No par
US
12
11
ny#
52%
52%
53 V#
90
v.
•
10%
^.20%
*51%-'
20% /
*51V#
52%
14%.
15
45%
45%*:r- •-••::•
.
15
•
46"
11
—■
"52%
,
11% "c
53-
11%
V
52 Va
com__No par
Y
Retail Stores Inc.—-I.
.'$4.50 preferred-™
j
No par,
V
$5.50
preferred—
Continental
8,300
-
$3.75
Cart
Inc
No par
™
Common__i_20
preferred
33 V# Nov
20 v
35% Feb
:
Continental'Diamond Fibre-.
2.500
.Continental
9,400
Cbntinental Motors
Insurance—r
•
J.
„_'i
•
'Continental Oil of Delaware—i__5
8,900
1,000 1: Continental Steel Corp—,.
,_14
2.000 v
52
15 V#
/
•
11%:'
,
•"""-
130
-
Cooper-Bessemer Corp
$3
prior pref«red
com__Nonpar
No par
1—5
6,606 7 Copperweld Steel Co eomnion
Convertible pfef S% series
i_50
120 <
1
CflRiieirDubiller Electric Corp-—_l
9,600
s
,
46
53
..
:
■
640
lQy2 July 30
1 17
May 19
'. 12 Va May 19
" 30
Dec 1 9
99% Dec 30
May'19
9414 Dec 30
>11% Dec *29
94'
Dec ,5
1 32V#
'
k
Corn Exchange Bank &
Tr Co—20
30 V# Dec -29
95
Dec 17
9
May 17
May 20
:, 6;% May 19
44
•
35
14 Va
12 %
43 '
12 Va
44
.12%
*
*
t
Apr 14
May 19'
Apr 14
May >16
:
Not
40% May
Oct
65% May
&Va
36
Sep
109%
Feb
Feb
Jan
25% July
13% Not
10
Sep
10%
Oct
i7y#
23%
Apr
42'/.
Jan
60
■; 14%
Not
33%
16%
Sep
47
Jan
17
Not
32
Aug
2 '
17% Mar
•
Jan
19% Feb
May
Jan
38% Feb
*111
114% Feb
35%
Sep
104% July 31
20% Feb 10
12%
Feb
101
106% Apr
9
44% Feb
*8
33%
Sep
110% July 30
13 V# Feb
7
103%
Not
55 Va Dec
;12% Feb
1
8'
115% Mar
Deo
Feb 24
'48..
,
64%
»
-j
22
109%
Sep
•
53%
Apr
July
Jan"
Jun
113% Mar
8%
Not
18%
Feb
46%
Nov
63
Jan
Oct
24
Jan
:55% Dec
23
.; 10
33%
Oct
49% May
Feb
19
15
Not
*23% May.
13 V#
Not
30%
Feb
46 V#
Deo
56
Jan
12%
Oct
23%
50
Oct
ffi
.19
<27% Oct 23
10
55
Dec
17% Oct
•«
Dec ;26
55
Feb
5
'20% Feb
13
May 17
27
,
Jun
18%
Oct
Jun 27
51% Dec
33
36 V»
Sep
30
Feb
•24%
.
24%
15% Feb
Jan
Not
105%
'54% Jan
.
132
12 V#
■
20% Feb 13
.i
5%
Sep
Sep
3
29 % Feb
July
32 y# May
Jan
108 V# Mar 26
21
Nov 18
104.% Nov 18
5
10
21
.
7
11
Feb
7
Jim
29 V#
2 ;
Apr 14
4% May 19
;
111
•
2
123
Deo
Not
2%
14% Jan
,
30
No par
1,600
.
.
19
2
123% Jan 29 -7
! 40.1/# May 19
.>5.
Jan
23% May 19
^
—
Consumers Power Co com_^__No par
'
100
s:
"
-*
N
16% V
*15%
,
of
4
33% Jan
'11% May 2t
.10% Dec 16
Consolidated
.
'.:• 100
v
"48*8""
47
s
16%
"
r
%"•;
7 %
19%
-
11 *
52
>
:
Edison
preferred--.,
Container Corp of America com_i-2o
20Q *> >-4% cumulative preferred——100
2,500
Gontineptal Baking, CO conj__No"par
96%:
'
52 V8
,;
r
r
32
96%
:
800
No par £
Cigar—.No par "
Coppermines Corp—_5
3,100 /
-
31%
10%
48%~ "49
:
f
7%
•15%
•
-v
**»%
«.
87
Dec 29
.20% May-19
> .2.1/# May 19
$6 preferred series-—
No "par.
94
Dec -29
Commonwealth Edison Cor_25
1 25% Nov 28
Conde Nast Publishing Inc—No par :
8%.May 16
$3.60
Consolidated Vultee Aircraft
1
Consol RR.of Cuba 6% pfd——100
400
12 Va
*88
52
1
"
-
96 V#
97%
.•
v
'•
400
■
(
;*95y#
v -
~
~
15%
47
...
V
->3,560
39 V#
90
~
10%
211
•
■
12 V#
V
103 V#
V 38 Va
•
31 %V 31%
li%
7%
97
-
35
103
:• 12%
39
*95%
54
'*#
50%
*34 V#
-
102%' 103% :r,
103
97
#7
59%
30
Consolidated Natural GaS_*
300
15,500
?
(
23%
*0%
50 V# Aug
Oct
"
^10
No par
Consolidated Grocers Corp
1.33V#
Consolidated Laundries Corp_'—.'__5
4,500
•
•13%
44%
Oct
36 Va
.65
1,400
.
13%
32%
52%
;
|
23%
102% 102%
36%
23
Consol
3,200
Apr
13
Consolidated
-19,100
;
13%
30i% IMS
50
36% May
106 V#
Feb
Consolidated
-
5,300
-
•
23*#
»VS%
12
.
:
i
800
Deo
48 % Oct
Congoleum-Nairn Inc
1,600
> V
r
14%
45 V#
.
•
For
-
78 %
7
Dec
common
»
: 2,300
Deo
Mar 21
1
May 19
Credit
Commonw'th
-15,000
"
30 34
i
13%
*72%
15V*
30
*30-
■
104
:•••'•
*10%
V#:
7%
50%
f IS
*29%
30%..
»r'V%
13%
98
•5.1%
;
-;
•*
40%
91%
32%
•65
28 Va
27%
-
20
86
v
36
Commercial
.
2,900
v
r
*13%
103%
V
»52,400
^Dec 30
36
Commercial
6,900
39% Aug
22'/a Feb
11% Dec 30
63
.
Columbus & Southern Ohio Elec—10
410
'
•
•
No par
w—No par
w
5,000
10
22%-
.
*
40%
•;
>
common
1,800
-
99% IOO
30
•
15%
;
11
#
•21%
:
io
5'
23
104
H%
♦163
V
No par
Co_i
preferred
cum
*
•30
14%
4
93%
22%
-
$4.25
1
39
5 %
22%
J 04
?%
>0
5
■V 22%
»
Pictures
37
23%
2%
-
Carbon
37 V#
38
93
■■■'
Columbia
Columbia
200
37%
"
Electric-
&
3,000
66
5-8%
♦
Gas
Vr 1,300
)
11V4
68
*65
Columbia
25,300
'
''
11%
*8%
>
61
Jan
71
*12 y#
52
Sep
Feb
Apr
Jan
Not
67%
Jan
;
chronicle
financial
LOW
t per share
Jan.21
Jan.19
i per share
Wednesday
Jan. 20
Monday
Jan. 17
•19%
•92%
93 %
•92'/a
94
64%
175
5
5
'
V/
•2%
'32%
32%
•97 y«
98
•12%
63%
175%
4%
2%
3
2%
2%
32%
:
1 /A
*2%
12%
13
12 3/4
23%
22%
23%
41%
443/4
*40%
*
4P/4
*41
44%-
*44%
443/4
30%
30%
30 %
30%
95%
94%
94%
93%
93%
122
•25%
25
24%
68%
68%
69
33%
14
♦160
♦81
$4
33%
33%
770
Cuba
133/4
133/4
3,400
69
69 3/8
33%
333/4
33%
33%
14%
14
14 %
133/4
14
*160
180
32%
;
,
69 3%
34
14%
,
8%
8
8%
136%
136
136%
■v'/f
■' 8%
8%
*135
136%
*56.
57
53/a
57
5%
21 5/b
5%
21%
23%
21
24
24%
21%
%
24%
20%
20%
23%
21%
21%
24%
20%
20%
20%
20%
700"
30
9
28
Sep
35%
Jan
45% Oct 20
32
Oct
62
Jan
52% Mar 27
1
Nor
10
47
Deo
54%
Feb
16
25
Oct
40 y4
Apr
29
108% Feb 24
103
Sep
110%
Feb
105% May 19
130% Oct 16
110
Sep
150
Apr
22% May 19
37 % Feb
13
29
Deo
66
Dec
96
Jan
29
88%
Deo
54% Feb
115% July
22
May 20
343/4 Oct
21
22
Oot
21% Jan
2
17 y4
Oct
34% Oct
30
13% May 19
Jan
7
165
165
12
;; 82% Dec
29
16
29
Jan
Oct
106
Mar
16% Not
12% Feb
24% July
10
26
27% Nov
19
■;
19% Feb
16
147
Jun
6
70
66.
4% May 20
Feb
129
7
132
146%
Feb
Sep
76%
Apr
Oct
12%
Feb
17%
Oct
60
Feb
Oct
145
Feb
July
Deo
45
May
91%
Deo
98%
17
21% Dec
18
Jan
Oct
103 ;:
Mar
Not
34
May
37%
May
128
Apr
23
18% May 17
100
No par
Not
5%
Dec
VV' 6%
12*% May 21
l
pfd
Jan
165
95
Mar 12
101
113% Jan
1
Jan
28%
Jan
18
Dec
6 3/b May
No par
common
46 y4
v.
160
7
24% Oct
xl6
No par
:
Jan
173/4 Sep
12% Dec
2.50
Cutler-Hammer Inc
1,200
23%
110% AU«
101
Oct
Jan
29
No par
com
Sons Inc 7%
Cushman's
Jun
Apr
Class A
6,800
135
24
(The)
Curtiss-Wright
21,100
20%
*131
137
*131
V
5%
Jan
16
31% May 19
5
Prior preferred
700
57%
5%
,
30
'
IOO
preferred
$7
80
Co
Oct
Dec
preferred
Pub
Mar
:
98
Press Inc
Curtis
13,800
132
-
*56
:
%
24
*23%
21%
■;
132
1
58
V;
203/a
21%
137
♦131
137
5
5%
20%
21%
*131
137
5%
135
,
*55
57
56
■
*132
135
135
~
8
8
107
Apr
7%
49%
Oct
4%
25
Cunningham Drug Stores Inc
8%
16
10
Cuneo
7%
3
Dec
30
100
500
8'/8
8
31
31
100
800
*22%
V
4
13
14%
18
preferred
16
16
23%
Not
4% Jan
Dee
210 V» Mar
Deo
7%
40% Feb
11% Dec
6%
23
16
16
<185%
13
97
75%
58% May
7
Aug 15
.8% Jan
0
Dec
preferred
4%%.
75% Jan
195
No par
com
600
23%
,v
of Amer
84
16%
23/4 Dec
41
Cudahy Packing Co common
3,300
15
31
26 % May 13
100
RR
7%
Dec
4% Dec 13
22% Dec
preferred
84
24%
61% Sep
No par
preferred
Steel
Dec
170
/
5
12%
24%
1053/4 Jun 26
No par
;
12%
16%
•
109% Aug
16
88
No par
85
*81%
83
83
16%
,39% May
Deo
Cuban-American Sugar common—10
180
*160
Oct
101%
com——No par
12%
12%
12%
,,,
180
*160
180
,
12%
123/4
8%
>
2nd
25%
6
1
Zellerbach Corp com
Crucible
19
1053/4 Feb
2
(The)
$4.20 preferred
110
5%
*110%
114
*109
Seal
&
32% Feb
16
100
Wheat Corp
preferred
Crown
4,200
29%
94
20
24%
22%
29%
94
600
83
*21%
29%
94%
4,300
*24
243/4
95
68%
*81%
16%
•24
29
*94
30%
29%
*94
24%
16%
5,.
45
119%
24%
21%
*40
46%
68%
*160
83
*131
393/4
24
16%
*56
Cork
$2
393/4
*44%
i
46
243/4
*23%
;;
Crown
40%
.
68%
16%
57
800
500
22%
68%
24%
5% : 5%
21%
213/4
♦131
137
40%
45
125/a
22%
America
of
of
12%
22%
I per share
26
23
preferred
Creameries
Cream
12%
22%
.
common
1,000
1,200
12%
*44%
Co
33A%
300
98%
*97%
98%
123/4
23%
23%
*32%
12%
*81%
*97
125/B
25%
24%
♦56
International Corp
113%
♦16%
♦135
Coty
Crane
24%
69
180
-
12%
85
...
.
J per share
18% Dec
25
Inc
113%
14%
12%
.
31
Coty
tper share
Lowest
,88% Dec
100.;
1
1
.
2,200
1,600
7,400
,
2%
2%
Preferred
90
43/4
31
31%
Corn
2,500
173
4%
25
34
14%
180
97
'V
3
30%
64%
64
173
.
4%
3
3
«'•
64%
173-
43/4
117
69
34
14%
12%
64
173
pfd 3Va % ser
Products Refining com
Highest
J per share
5
100
of 1947—100
Cum
94
,
25
'
33%
•160
*92%
*112
120
*114
25%
94
Lowest
Corning Glass Works common
3%% preferred-.
«.
120
40
:i'r.
413/4
44%
31
♦117
*92%
I.
23%
23%
•40%
-
123/4
22 %
31
Range for Previous
i Year 1946 %
Highest
Range for Year 1947
;
Par
3,800
93%
19
*93
3iy8
97
19%
18%
93%
5Va
3O3/4
•
98%
13
•94%
,7 v.i,rv
";-\v
Mharts
f per share
*93
-.
94 7
*4%
XV
•22%
♦44%
183/4
19
93%
exchange
•
*97
97%
97%
7
:
STOCK
YORK
NEW
the Week
Jan. 23 V
I per sharef
'64
64%
>173% 175%.
64
31% " 32%
i
-
share
*92%
4%
31
V
V
^
94
*173%
4%
4%
■
*92%
per
183/4
93%
•V':
64
175
S
v
SalM for
Friday
Jan.22
93 %
19%
175
63%
64%
•173
18 3/4
93%
94
*92%
I
t per share
19%
*92%
Thursday
>;
■
93%
19
20
STOCK8
PRICKS
BALE
HIGH
AND
Tuesday
%
Satartoy
Monday, January 26, 1948
20% Feb
1
25%
18
4
34 y4
D
21%
'
92
92
16%
16%
*17
93
*91%
*91%
"17%
*16
93
*91%
92
93
*91%
93%
*15%
'
16%
16%
18
"
17%
*15%
17
*15%
16%
*15%
16
17%
*16
17 y4
*16
*16%
*15%
17%
21
20%
21
21%
27
27%
27
27
*89 iA
90%
89
V
88
14%
12%-
12%
12
37%: 37%
21
21%
21%
3,100
Davison
26%
27 VB
26%
27 Va
5,000
90%
10
90%
90%
*89
*89 Vb
90%
*88V2
90%
88%
88
88
88%
88%
88%
88%
14
14 y6
14
14 Ve
13%
13%
13%
14
3,500
11%
12
11%
12
11 '/a
11%
11%
11%
3,900
~;r 37
43
36
42
41%
30%
30%
30%
30%
30'/a
39%
*38%
38%
38 V*
1
•>.7.
is y«"
18 Va
37%
21%
21
36%
37%
36%
36%
21
21%
21
21'/a
39%
39%
39 %
39%
17%
-v;
36
*23%
151/4
15%
*15
v
15%
23%
24
24
£
25
1,800
Devoe &
39%
39%
40
39%
39%
1,000
Diamond
23%
23%
.
24%
*43
2,700
43
43
43
43
43%
43%
43%
17%
17%
17%
17%
17%
17%
17%
900
15 »/8
■r; 14%
14%
14 %
14%
14 y8
14%
14
14%
9,700
21%
*52
21%
15%
16%
35
32%
52
52
52
21%
20%
21
••
34%
52
22
1
16
16
16%
*33
<
53
*20%
■
21%
35 '
34%
53
16%
17 %U
*16%
17%;
34
•
34
800
1,900
Dixie Cup
120
Class iA
500
32
1,900
16%
16
16%
15%
16
15%
16
4,500
Dome
55%
53%
56 Vb
52%
53%
53
53%
7,700
37%
38
37%
7,200
QQ
99
•fK 38
38%
38%
38 Ve
39
38'%
38%
*99%
100%
32
31%
37%'
* 997/b
400
95%
94%
95
94%
94%
*94%
94%
93%
94%
2,000
23%
23%
22%
23
22%
23
21%
22%
21%
22%
22%
22%
16,400
84
84
*83'A
85
*841/4
85%
*84%
85%
100
3% %
15- -
15%
14%
15
*13%
14%
"*13%
14%
600
Dunhill
85
>
-*15%
*98%
>
.*
-
16%
101
15%
14%
15%
*14%
180 V<
178%
180 %
176%
*15%
,<180
-118%
*96%
118%
♦114
115
14%
114
/
*14%
14%
114
£
'14%
LOW
AND
971/8
97
14
175
Jan.19
I per share
t per share
1.400
116%
116%
96%
HIGH
14
14%
14
; 114
*112%
113
170
13%
14
1,300
Thursday
Jan. 21
Jan.22
Sep
Oct
60
16%
May 19
18 y4 Jan
2
14% Not
30
12
19% Oct
49
.
40'/a Sep
16 % May 14
21% Jun
18
45% May 27
36 vb Sep
8
Jan
7
98'/a Dec
26
91% Dec 31
14
.506
100
—.1
May 16
80
'Dec
29
10% May 19
14% Nov 29
Jan. 23
NEW
173
May 27
14
42%
167
Dec
27
v;v9i
v
15%
15%
41%
41
40%
165
52%
40%
40%
165
52%
*165
527/a
*103
15%
15%
7'V 5%
5%
50%
50%
13%
5%.
>•':/ 49%
vv 13%
34%
*34%
12%
:'v-'"4"'.
105 va
*103
5%
5%
so y4
48%
18%
18%
*90
91%
15%
15
105%
7v *103
15%
105
*102
91%
48
:
Kodak
Eastman
Co
.
47%
,
*102
52%
2.500
1,800
Edison
100
14%
5,000
V.
16
Co
24 y4 Apr
51
Elastic
Electric Auto-Lite
5,000
Electric
12%
12%
*12%
13
33%
*33%
36%
-vx; 2%
■:»V 16 V8
2% V 2%
16%
16%
146
16%
2%
16%
V-.""?27
;
146
147
147
147
147
*133
137
*133
137
*132
•54%
55
16
•15%.
23
t-v
54%
55%
54%
15%
15%
15%
*15%
,59%
Boat
,v.
13%
15%
14%
14%
23%
23%
23%
13
13
*12%
32%
*32 %
*98%
ioo y2
13
■*,12%
X33XV
4%
9%
*53%
55%
53%
53%
*53 y8
32%
4%
9%
100
♦63
65
8%
XV"
18
7
8%
«';•
8%
18
18
4%
9V2
53
54
65
*63
.
13%
9%
10%
44%
•'••:
6%
6%
' 47%
48
48
47%
48
30%
30Va
30%
6%
6%
6%
13%
12%
13%
13%
:
,
30%
♦37
37%
♦37
*18
18%
18
'
18%
10%
10
24%
♦97:.
X23%
24
99
*97%
99
10
10%
.
For footnotes see page 28.
10%
22%
23
♦97%
99
10
23
*97%
23 :•;■'
12%
12%
32%
32%
"
Emerson
Electric Mfg Co
Emerson
Radio
700
;:
.
El
1,900
23
;
300
4%
4%
4%
4%
29,700
9%
9%
9%
10 Vb
54%
53%
12,100
700
54
101
*53
*63
65
65
9%
10%
45
v
6%
*43
,
6 '/a
8%
17%'
9%
6%
47
29%
29%
38
18%
10%
23%
99
6%
12%
13
37%
37%
*17%
18
9%
s'
io
44
6
46
*29%
y8
6%
37%
18
Evans
10%
23
23%,
23%
99
97%
99
Williams
Products
Eversharp
Ex-Cell-O
Exchange
.100
50
5
Corp
Co
Inc
5
—
Corp
Buffet Corp
1
—3
2.50
Fairbanks Morse & Co
Fajardo Sugar Co of Porto Rico—2o
Farnsworth Televis'n & Rad Corp
6,600
200
'
-
800
900
(10%1
10
22%
*97%
No par
common
preferred series A
Erie & Pittsburgh RR Co
5,600
6%
37%
RR
5%
1,000
>
13%
*1.7%
10Va
Erie
1,500
46
30
>12%
Phonograph
Disrrict Electric Co
10
kndicott Johnson Corp common—25
4%
preferred
..100
Equitable Office Bldg new
1
Eureka
700
&
Empire
1,600
12,700
1,100
44
6
Paso
1,400
*8%
45
170
55
17%
45%
6%
*63
54
17%
30%
7
100%,;.
8%
•
48
13%
100 %
3
4
5
Natural Gas.
2,600
2,600
57%
14%" 14%
15
■
"V
3,100
40'
Fedders-Quigan
No par
Corp...
Federal Mining & Smelting Co
Federal-Mogul Corp
Federal
Motor
Truck
1
1
2
5
No par
Federated Dept Stores com
No par
4%% convertible preferred
100
209
Aug
Feb
39
71
Oct
23%
Deo
}$ya Aug 29
27% Feb
17
17%
Oct
26
111% Feb
15
106%
Not
18
.10,4
.
Dec
16% Feb
Storage Battery..—No par
Jun
Not
4
101
5
12%
Deo
35%
Apr
10
14
19% Feb
8
34%
Oct
48%
Jan
3% Deo
13% Oct
7%
Jan
180% May
128
Sep
167
40
Oct
66 ys
Jun
2
44%
Sep
61%
Jun
Dec
18
11%
Not
30%
Feb
24% Dec
15
17% Dec
43% Mar
17
Not
21%
104
Sep
July 24
138
1
156% Feb 24
3
15% Dec
,5
46% May 20
9% May 19
May 19
11% Dec 17
13
17
102
May 7
3% Dec
9
27 Ve May
29% May
Sep
171
3
Feb
Jan
Feb
2
Jan
47
Dec
16%
80%
3% Jan
135% Deer
27%
114
6y4 not
39% Jan
Dec
40% May
Aug
112
Oct
Sep
8
ilV4 May 19
145
Oct
50%
33% May 29
2
Elgin National Watch Co
*99%
8%
45
56
Electric
4%
10
17%
6%
.
16
1,300
1,000
53 Ve
99%
8%
10%
38
12%
33
*32%
18 %
44%
13%
59
12%
32%
8%
6%
18%
13
17%
46%
*37
*
58
8%
10%
7
60%
18%
*6%
6%
38
18%
*63
99%
■V
30%
\
30%
•37
"
65
100
10%
V
7
•18
V
45%
."
10%
49
8%
17%
/
46%
49
*15%
23
4%
10%
53%
15%
14%
'£>• '32%
33
46%
53%
15%
23
lOVs
*6%
53%
;
61
7
X 10 Va May 19
1,200
136
16
15
60/
*132
31% May
Jan
2
3
—No par
No par
Not
190::
13
preferred.
v $6 preferred
30% May
Sep
Feb
109
65% Feb
Electric Power & Light com—No par
Highest
I per share
16%
25 Va Feb
31
30
Dec
V 4% May 19
common
share
57% Dec
18% Dec
X 5,0% May 17
Elec & Mus Ind Amer shares
$7
Feb
May
19
198% Oct 21
1
—5
(The)
7,800
15%
146
55%
14%
9%
:
,;
23
*59 "
4Va
.
136
24
4%
8%
*132
136%
15%
146
147
is y,
10%
18
16
147
59%
101%
"
15%
147
21
30 y4
3
30
8% Feb
1,600
2
2
14%
10%
"
16%
2 Va
23%
v,
,'vx
15%
♦100%
4%
•63
*2
2%
59%
60
23
13%
*32%
55
15%
56
♦15%
•59%
-
15%
.
♦145%
136
:
*132
;
r.V 2
16%
2%
Apr
41% May
48% July 23
88
100
Convertible preferred—.—No par
600
;Jan
1^3
Dec 26
:42% May 17
2.50
common
I per
17
42 % May
—10fl
Stop Nut Co
1,300
33%
;;
Jan
116
Year 1946
Lowest
25% Aug 18
5
4
100
,4
preferred—
8,500
13%
7.' '13
Products
4%%
5%
34%
13%
34%
Ekco
preferred—
47%
47
"
13%
*34%
19% Mar
Nov
Inc common—. X
Bros Stores
4V4%
104%
5%
5%
47%
Jun
33%
17% Nov 12
197
16
10
common
cumulative preferred
Eaton Manufacturing Co
6%
10
33%
13%
34%
Oct
14'A Dec
'
34%
Oct
15
1
18 Va
14%
J.4%
105
5%
49%
91
10
5
Steel Corp
91%
18
*90 V
91%
14%
'5% 77 5%
5%'.
49%
19
Feb
19
J per share
19% Jan
10
Eagle-Picher Co
16,800
168
51
18%
*90
"
105%
98% Feb
118
Oct
Highest
'
15%
15%
14
J per share
Par
42
•103
Deo
22
23
Range for PreTlons
ihares
Stainless
18%
111%
Dec
104% Oct 22
Lowest
Airlines Inc
*90
42% July 24
114% Feb
Range for Year 19-17
YORK STOCK
EXCHANGE
Eastern
169
Feb
108% Mar
116%
Eastern
20%
29%
Deo
Sep
6,900
19
16%
63% Not
Oct
the Week
I per share
37% May
x23% Sep
13%
2,200
91%
76
Jun
Mar
112%
16,300
19
48
3
17%
93
62%
Not
Apr
52
Sep
25%
S
20
f 19%
not
48%
115% Jun
21%
*19
28%
34
23
8
12'
16 %
•91
18
55% Oct 30
39% Oct
19% Dec
15
Jan
July
15
May 19
May 22
15% Dec
25
.
Apr
Aug
34 Va
110% Sep
19%
52%
42
13
11 %
0
19%
.
25
24% Feb
100
17'/a
19
Jan
2g
28% May 19
1st pfd
20%
52%
60
17% Dec
10
DWG
19 y4
18%
■
Jun
16%
52
50%
July
20%
53
34% Oct
133
18 •:
53
17
227
21
54
Jan
Deo
20%
'
47
22
Oct
16%
;
Aug
35% Apr 15
42% Nov 26
3
29
124
19%
54
24
39% May
S
Oct
161
20%
40%
Oct
Sep
Jan
31% Feb
16
3
17%
*164
15%
23%
17% Jan
20% May 14
4
20%
41%
Dec
8
19%
168%
19%
25
2
July
17V4
41%
Deo
26% Oct
107% Sep
-20%
*163%
Feb
16%
13% July
29
17%
•:
X
7
62% Oct
Aug 4
10% May 19
92% Dec
21 %
42%
Apr
77
No par
19 y2
167
28
Oot
129 % Aug
17%
41%
Oot
60
30
21%
*163
23
115% Dec
17%
~
22
No par
21
*163
44% Dec
27% Mar 25
1
59
—No par
21
■-
25% May 19
Pont de Nem (E I) & Co com—20
Bales for
Friday
J per share
I per share
20%
19
Feb
common..
17%.
21
Jan
19% Dec
20% Dec
2
common
20%
*20%
Jan
16 V*
8TOCKS
Wednesday
I per share
60%
Oot
6% May 19
25
preferred
International;
PRICES
BALE
Sep
6%
No par
Duquesne Light 5%
Cigar Corp
"
14
25 y4
S
38% Feb
Preferred $3.50 series.—
700
"
42 V* July
6
10% Feb
30
Preferred $4.50 series
-11,000
96%
Oct
45% Mar
5% May 18
No par
Corp
Duplan
Du
20
32% May 19
29 Va Dec
•
——5
12.50
conv
>
Apr
31%
33%
No par
Industries
Dresser
"
V
Jun
$3.25 2nd preferred——.No par
5,200
14
176%
97
.
Jan. 20
Jan.17
•
117
113
115
"114
V
14%
118%
117%
■97
14i%
175%
174
*115
Tuesday
Monday'
Saturday
114
14
178%
176
97%
-
14%
*14%
15
118%
V
14%
14%
14%
-
178%
97%
114
85
*83%
-
118%
117 4:; 118
97 V. 97
97
100
100
68%
series A———No par
$4 preferred
*97%
94%
100
95%
Deo
.100
Ltd—
Mines
95%
100
46% Oct 23
pfd—
Douglas Aircraft
Dow Chemical Co
33%
May 17
Pepper Co-a—No par
Doehler-Jarvis Corp—
*5
16%
32%
Dec
31
Dr.
55
34%
22%
Co common.J
No par
a...i—.———.—-No par
16%
34
Not.
100
common
56%
34%
17
———20
16 Va
33%
11
45% Oct 31
Distill1 Corp-Seagrams Ltd
2
Divcof Corp.
—V.1'
21%
31%
for
54%
\
34%
20% Feb
8
Grande West RR
Match
35
*20%
(
16% Not
29
Aug
No par
-
Raynolds class A
52
i
52
11
Sep
33
6% partic preferred
■Diamond T Motor Car Co—,
700
17%
*52
23% Feb
11
1
De Vilbiss Co——
700
17%
34'
:
34%
16%
56%
38%
24
15%
15%
•24
101% July 29
101% July 24
25
Detroit-Michigan Stove Co
1
Detroit Steel Corp————X
3,000
44
*16%
22
34%
11%
36% July
Sep
30
84
Detroit Hillsdale & S W RR Co„100
59
11%
14%
53
56%
*55
11%
17%
*43
V7
'*■•"■■16%
Hi/4
28
31
for com
Edison.
39%
39%'
*21%
59
*55
11%
8
Dec
.20
ctfs
Escrow
Detroit
16% not
23
35% Jan
12% Sep
■
& Rio
24
23%
24
24
24%
11%
:
15%
44
*83
11%
ny8
59' >
♦57
59
*57
5,200
243/4 Oct
50o
common
Escrow ctfs
9,900
11%
Preferred
Not
.
16
82% Dec
Delaware & Hudson
—.100
Delaware Lack'; & ^Western—
50
1,800
21%
24%
15%
'
36%
21
15%
15%
•16%
•
36%
21%
24
18
>
37
16
*17%
v
:
Co
&
Denver
21%
24%
•34
18
37
16
*52
17%
18%
24%
•:
17%
1,300
17,100
v
ley,
"
16 %
7
1,400
9%
17
25
*43
40
9 Va
17%
59
-
24
24%
7
'
*24%
*39 %
30%
40
9%
21 Ve
•
11%
11%
*24
•16
*57
59%
11%
30%
39%
r-9':7
17%-.
'
*57
30 %
39
9'/a
37%
36%
21
30%
30%
Deere
Sep
Deo 29
16% Jan
50o
Deep Rock Oil Corp
9,900
17%
16%
37%
40%
39
v1,.
r
35%
39%
<8%
8%
8%
9%
-"r
35%
41%
30
38%
9
35%
40%
38%
30%
•38%
35
-v/i
24
100
—
Decca Records Inc.
800
42%
7
37
41%
37
41%
43
.
"■''
"
—100
Dayton Rubber Co—
-
23% Oct 29
1
(The)
series B
Preferred 3.75%
290
37
Corp
97
7
Dayton Pwr & Light common
Preferred 3.75% series A
88
*
43
Chemical
20%
12%
'
20
27%
14%
*36-
■
preferred
22
"
19Va Aug 28
12
14% May 20
100
2.50
common
263/4 Sep
90 Va NOV
1
series A
Corp
26%
?./ ■
90%
'
.
14%
Stores
Davega
5 c,'o
88
*89
89
•14%
200
common
3%%
pfd
21 Vb
22
27%
93
Corp
Cum
17'/a
27%
*20%
Dana
57% Oct
July
24% Mar 19
59% Oct
17
19VaJan
8
38
7
Oct
2
107
Apr
Mar 24
Jan
111
4% Dec
31
12% Feb
3
47% May 19
67
Feb
3
.48
Oct
Oct
93
Jon
24
85
Mar 25
90
Oct
95
Jan
10
Oct
22%
Jen
8% Dec
63
Nov
8
7% May 17
17% Dec
10% Nov
13% Feb
9%
8
27%
Jan
29
24% Feb
7
15%
Oct
33%
Apr
17
25% Jan
7
21% Not
58%
Apr
34% Oct
63 y4
Jan
Oct
11%
Jun
32 Va May
19
50% Oct
18
*6% Dec
19
13% Aug
6
Jan
30
,-r% Not
88
1
9% Feb
7
14% Dec 26
21% Sep
7% Dec
36%
Feb
19%
Jan
44
May 19
25 Va Jan
16
4% May 19
11% Dec
32
8
May 16
16% Dec
5
9% May 19
19
Apr
18
97% Dec
30
60
7
31% feb
42% Mar
Oct
54%
Feb
10% Oct
21%
Jun
35
7
May
23% July 14
14 Va Feb
8
28% July 23
12
107% Jun
-
21
10a
Not
«•
34% Aug
or
;
Volume
167
LOW
•
Saturday
per
*20%
21%
*58
58%
■'5
21
58%
47%
48%
X 47
105%
*105
*56
57
*56
-
*20%
21'A '
♦20%
1
57
16%
16%
33%
32%
100%
13%
29%
10
105
56
55
r,
Perro
&
Tarrant
Mfg
Corp
Enamel
1,600
3,500
Firestone Tire & Rubber
♦104'/a
105%
100
55'A
55'A
*55
4%%
First
700
16%
16
16 %
16 •'
16
1,700
32%
32%
32%
32%
6,400
100%
100'A
14
v
-V 31%
*31
14
22
•
101
*99%
14
27%
13%
14
21
*20%
14
*25
27%
28
10'/a
10'/a
10
10%
10
37%
38%
38%
37
37%
37
37
92
92
90%
92
89%
91
27%
27%
26
27%
25%
26%
13%
41
25%
13%
13%
*25
13%
*25
14
40
14
14
27%
25%
*88
Stores..
14%
40%
40%
40%
40%
40%
12 %
*11%
12%
*11%
12%
*11'/a
12'/a
21%
21%
20%
21'A
20%
20%
20%
20%
*78%
80%
80
80
78%
78%
79
79
*8%
9
X 9
81
81
81
JVaV
8%
8%
8%
8%
8%
7%.
7%
7%
7%
7%
7%
7%
*19%
19%
19%
19%
*19%
19%
♦19'/a
19%
*13%
14%
*13%
14%
*13%
14
13%
13%
*20%
v
21%
20 %
20%
6%
6%
6%
6%
*30%
31%
21%
*30
21%
56
; 13
56
*101%
55 XX
103
*10%
*30
cum
Corp
Trailer
4%
&
Co
155
11
10%
*77%
79
*77%
*37
39
*37
10%
:
*23%
24
*23%
24
143
439%
143
•
35%
34%
35%
35
X
37%
37%
37%
37%
93%
93%
93%
*11%
11%
11%
11%
47%
107/a
10%
78
23%
35%
34%
37%
38%
*91%
11%
23%
*35
23%
140
lo
x36%
37%
36%
36%
6,500
93'A
*91%
93
11%
11%
11%
47%
46
47
47
47
124
*123
>: 124
124%
124%
126
126
124
,*99
101
100%
100%
100
100
100
100
56%
55%
120%
120%
96%
96%
97
15
*19
15
*14%
56
55%
121
128 %
4%
4%
.18%
14 %
Gen
>2%
900
Gen
Public
11%
12
11%
11%
11%
11%
20,800
Gen
Public
24%
25
23%
Gen
Railway
117%
117%
27%
27%
27%
23%
24%
*125%
128%
*125%
128%
4%
4%
47/a
4%
4%
26%
29%
23%
128%
4%
25%
25%
25%
26
25%
25%
29%
29%
29%
29%
29%
28%
29%
118
116 x
V.
27%
23%
*23
99
♦95
86
24%
86
*70%
23 3A
*23
99
*95
*95 V
*70%
t
per
30%
*93%
86
86
86
74%
*70%
20
*83
*93 %
,<
87%
25%
*5%
30%
5%
*81
52
XX. *5%
119
5%
23
55
55
54%
55 >
100%"
*82
•
54%
52%
53%
52%
52%
3,300
99
99
99'A
42%
43
99 'A
99
99'A
17%
17%
18
ie
18
18
5%
5%
5%
5%
*57/a
'■X X 5 ■:
5%
5%
6
31
31
30%
30%
20%
20
20%
20
20%
25%
25%
25%
25%
95
10%
*9%
32
*31
31
31
♦30
12%
12%
12%
12%
39%
40%
38%
39.
38%
38%
21%
21%
20%
21
20%
20%
*140
141
140
142
♦66
73
*66
73
'
142
100
*99
42%
42
99%
17%
17%
*17%
4%
5%
'
.5%'
5%
5%
*30%
31
12%
500
*30%
31%
20%
25 %
25%
"
3,900
25%
25%
26
.95
? %o
§5/
94
95
*94
95%
130
10
10
10
*10
10%
30
30
30
400
12%
%2 'A
;2%
12%
% 37%
39%
37%
38%
X,20%
20%
20
203/a
.;
s
146
143
*141
'66
73
73
75
V- 75
31%
30%
313/a
142%
5,800
i'
32%
31
31%
31%
*15%
15%
15
15 '/a
147/a
14%
15
15
10%
11 %
105/a
10%
10%
10%
10%
11
*95 1
97
36%
37%
'6%
*95
7
*88
97X/
91
35%
36%
65/a
6%
6%
*88
91
13%
13%
13
*45
47
G4%
64
15%
15
*88
14
47%
64%
*
15%
*95
97
37%
6%
♦45%
:
*95
35%
143%
240
1
'87%
91
13%
♦45
'
1
*45%
64%
1
15%
15%
»-,,>>
15%
31%
31'A
13%
13%
14
14
%
•
■
46%
;:
1
•
54% July 11
25
131 V« Feb
Feb
6
65% Feb
42
Jun
126
Deo
114
Sep
11
129
'
Mar 25
20
19% Jan
20% Dec
47%
Oct
124%
NOV
132
Feb
Deo
103
Deo
II
Nov
?29
Apr
21% Nov
8
8
2%
Oct
16% Jan
31% Feb
5
Feb
4% Feb
6
14%
Oct
140
Feb
Nov
24%
1*
111
Feb
NOV
60
Jun
Jan
22
102%
Sep
118
Jan
Feb
5
Oot
104%
Sep
105
96
(WT)
3%%
-Jun
6
common
V
1"%
15%
147/a
10%
*95
:
97
36%
,35%
35%
6%
6%
6s/a
*87%
90
1
Jd .%•
90
/a
46%
46
•-
1
>
,
46
3a
h'
15
87% i
1A " •
87%
:»4
'
•*
>/<|
*44%
%
K »•'/a
10,100
;
•
100
& Western RR
Co.Ine_
5
2
32
*31% >32%
31%
31%
13%
13%
*13%
14%
13%
14
1,400
13%
13%
13%
13%
*13%.
14
500
88
88'/a
83
88
*86
88
120
Sep
19% No*
8% Oct 24
Apr
Jan
43
Feb
10
Jan
5%
Oct
5%
Oct
12% Jan
30% Mar
,
8% Mar 27
41
77
113%
Jan
2
21% Oct
23
Jan
10
28
Nov
54% May
27% Feb
-40% Jun
5
101
NOV
112
83
12%
Oct
12%
Deo
28
Dec
29
37% Feb
18
33%
Deo
12
Dec
12
17
Sep
49% Feb
30
13%
Deo
21
Feb
34% May 21
3
40%
Oct
64
Jun
20
Dec
26
27% Mar
5
22%
NOV
34%
Jan
-100
133
Dec
26
100
59
=
May 12
29% Oct
7
14'A Dec
9
10
92
Dec
31
May 27
4% May 14
.
78
May 17
6% May 19
31% May 21
com.No par
No par
Corp
July 29
17 "
1
No par
RR
400
32
,
Ohio
Gulf States Utilities Co
15%
15
preferred
preferred
on
Nov
10
1
common
12,700
15%
153/a
Sugar
15%
X
Sep
50%
105%
14% Feb
-100
Aircraft Corp
rmi«
.
100%
Jun
47% May
88 % Apr
107
Mar
107
Mar
13%
35
Feb
Dec
Dec
163% Jan
27
158
Oct
188%
Feb
5
55
Oct
79
Apr
Feb
20%
Deo
70
35% Aug 22
21% Mar
5
20% Deo
(The)—
22.6"0
6"<i V4
July 23
61% Feb 21
161%
2
3
&
59% NOV
May
8% Jan
24
Tap & -Die Corp—No par
Mobile
11
4
Jun
Apr
58
Dec
1
preferred
conv
Nov
71% Feb
10
May 19
106
May
No par
$5
Nov
27
Aug
5% Dec
No par
$5
/
6% NO?
118
Jan
3
No par
Gulf
18.3'»0
6
Oct 29 /
lb
106
•
9
pfd
Grumman
Deo
90
Prop
Uuantanamo
100
.
46%
-
r
X Oct
53
17
No par
pfd
Common
500
.
100
19
Sep
Feb
24
23% Dec 30
6%
4%%
6%
6
Nov
Feb
88
108
1
Cre
(H L)
Jan
42% Apr
May
Jan
Deo
T
109
5
Northern
Greenfield
97
*95
35%
9
81
Nothern Iron
Bay
103
>
22%
102%
31
2u
Feb
19
12% May 19
Great Western Sugar com
Preferred
Green
26,900
67%
' Dec
No par
Gt
Green
2,400
1,200
36% Dec
30
Highest
I par share
I per share
per share
100
conv
Ry
t
13% May 13
—1
Gt
t
95
—_5
preferred
cum
99% Dec 13
41%! Dec
No par
,
Steel
Co
Range for Previous
Year 1946
Lowest
105% Jan
5
Motors—
Co
City
'
26
49
Apr
Oot
32%
22% Dec
8
26%
51% May 6
58
•
5% May 21 XX
7
104% Jun 13
124
No par
com
46%
Oot
15
11
98
5
Dec
July
49% May
Apr
Highest
21
Jun
f 132
108
25
10
Jun
32
Feb
17 % May 19
100
47
40% Feb
23% May 19
1
Co
Inc
Jan
2
30
Dec
Feb
29
Oct
100
85
11%
26%
101
14
Apr
Oct
29
29
Dec
150
Oct
35% Jan
31
40% Jan
7% Jan
23% May
48
May
4%
124% Jan
19 s
t per thart
50
Feb
20%
X,
36% Jan 23
May 27
Oct
137
«•
20
;
-•
24% Nov
8
26
6% Feb
;
19% Apr
No par
60%
31
26
29% Oct
90
84% Aug
133% Jan
123
Jan
101%
6
Lowest
No par
com
(B F)
Union
$2.25
110
31
ms/a
15
*14%
97
*6%
3
16
'
75
30%
37%
36
Feb
95
5
preferred
Greyhound Corp
V
56%
xl22
X 21% May 27
85
Dec 22
"
31%
Oot
107% Sep
26% Dec
No par
Grayson-Robinson Stores com
5,800
*
31%
Feb
39%
it>% Mar
29
101% Apr
No par
Granby Consol M S & P
Grant
t
2,000
38%
203/a
20%
*143
:
12%
12%
j 38
X
73
31%
62
9
Aug 21
26
$5 preferred
No par
Goodyear Tire & Rub com—No par
$5 conv preferred
No par
Gotham
Hosiery
—_—No par
Granite
200
§0
com
40% Apr
Apr
182
Deo
158
18%May*19'
Nov
Oct
Oct
33%
45% Jan
Oct*'3
81
Apr
3
Range for Year 1947
common
(The)
Goodrich Co
Grand
8,200
" 25%
Co
conv
Graham-Paige
200
20%
20%
144
*66
'
17,500
6
*5%
32
900
4%
4%
'>.'5 /X;
800
18
.
■
6,100
99%
'
Razor
Goodall-Sanford
700
42%
99%
20%
&
X
31%
"
100
42%
*99'A
21%
•4
27%
Apr
90% Aug
47% Aug
7
May 19
Dec
28%
16%
Jan
103
3% May,17
;
200
8% Sep
74% Deo
*36% Sep
8
19
V
Goebel Brewing Co
Gold & Stock Telegraph
30
;
10%
*12%
*99
120
",20%
95
*9%
*95
•117
122
;
25%
96
10%
*30%
,
Dec
Deo
39% Feb
125
;
STOCK
preference
Broiners
4%%
400
5%
53%
42%
96
5%-
:
55%
99%
Feb
11% Dec
100
$4.50 preferred—
200
54'/2
99
33
160
2% May 16
$6
YORK
Safety
conv
Glidden
6,500
-1,300
42'A
5%
5%
$5
Gimbei
100
23%
52
22 %
31%
*9%
5%
86
23%
*51
*22%
99%
12
May 19
X 13% May
T1
100
Apr
Apr
July
29
3
Par
Gillette
10,100
22%
43
Dec
8
30
No par
EXCHANGE
200
19%
22'A
99
J Sep
94
—100
10c
preferred—
preferred
NEW
6,600
94
*82
24%
52
*117
120
99
6
85%
24
30%
23
.
4%%
14%
11
61% Jan
com——No par
5
Sep
14% Feb
31
5
com
Apr
10%
17
83% July 16
47% Feb 13
6
Gen Tire «fc Rubber Co
71%
109
26
Nov
20
Corp
Sep
Dec
Deo
13% Dec
T
48
13
18% Oct
XXjharaa-X
22%
/
Signal
Dee
17
xl70
Co—(„1
Corp
104
9
29
10c
Dec
9
185
"
8
Corp—No par
Cement
Equip
Nov
13%
Jan
13% Feb
120% Dec
r
No par
May
67% May
14
May
21% July
Dec
15
Oct 20
.
102
10% Dec
pfd„No par
General Telephone Corp>
20
Gen Time Instr Corp com„No par
!
4%% preferred
100
Sale* fer
23
20%
25%
19
.5%
*5%
31
Dec
No par
38
V
1
23% Dec
10
com
series—
Castings
the Week
Y 120
•30%
*95
*93%
19'A
*51
5%
5%
30.
93'A
*82
52
120
Corp
17
7%
Apr
58% Oct
87
Refractories
3%%
30
6 perthart
30%
25%
18%
*5%W
thart
19%
86
24'A
99%
18%
74
Jan. 23
29%
42%
43
*99%
.
160 X
<
23
23%
*99
2,300
;
120
23%
X 43
'10
Friday
.93%
95
19%
*51
5%.
t
30%
19'/a
52
5%
119
30
25
52
.
16
32
May 19
34% Dec 30
1
Jan
Dec
8
109
No par
com
29%
May 19
137
100
Jan
Sep
Apr 28
37
No par
Jan
26
Sep
18% Jan
8
71
50 ;
15% May
11%
II
17
24
23% Dec 31
25
Dec
No par
com
Utilities
Steel
July
Oct
STOCKS
Jan. 22
*93 »A
86
24%
i.\
88
72%
Thursday
19 Va
83
*86
:
Gen
300
99
24
Dec
11
Service
Shoe
Jun
111
14% Nov
XjX
43% Feb
9% Oct 16
149'A Dec 31
100
6% preferred
Gen Realty & Utilities
General
Jan
48
Sep
7
18%
97/a Feb
,
Advertising_j.__No par
PRICES
I per share
94
19%
23%
.
•1
>7% May
Sep
10%
2
22% Dec
No par
Portland
General
l.fino
;
23%
23%
Jan. 21
30%
94
19%
25%
*51
120
f per thare
96
23
-
'
a
1,400
*95
74%
,
•.v.,.
6,300
2,200
.
28'A
'
Wednesday
"
3,80o
—
47/a
28
V
88
*70%
74%
SALE
HIGH
Jan. 20
30%
83
52
*116
AND
Tuesday
XXX
24%
25%
♦51
»%
*70%
74%
24
128'A
200
24
*86
86
;
'113%
•
...
99
24
,*General
113
.
24
*95
24%
# per thare
XV 30'/«
98
X 19%
X"
24%
Jan.19
thart
30%
X
99
24%
1,700
2,100
24%,- 25'A
'(28 %i; 28%
.
„
27%
*23
24
24%
Monday
Jan. 17
27%
116
27
27 y8
25%
LOW
Saturday
115
117;
88
*86
74%.
277a
23%
99
25%
117
1177a
27%
23%
•95
*24%
.V*
Outdoor
19
4%.
,
Gen
15
*125%
>
xlOl
17
Jan
17% Feb
,
Apr 17
No par
.
Precision
2%
♦125%
Nov
5
preferred—
$3.75
2%
v
-
com—1
Corp
Motors
31% Jan
Nor
09
10% Oct 23
4% July 22
26% Aug
4
14% May 21 *
10% May 19 -
50
preferred
Preferred
15
24%
*125%
4%
1
com
Investors
17% Feb
21
26
19
94
23%
128%
4%
6
29
2%
25
•125%
8Mi Dec
5% May 17
12
18% Jun
Dec
General
49% Jan
28
Feb
28% Nor
101% Mar 10
Dec
14%
■
30
43
18%
12
Dec
100
3
12
2
123
$5
200
•
Jan
100
19%
•2%
39
4
100
15%
12%
26
v
1,200
.1,400
147/8
16
No par
19
11%
29%
*14'A
32,300
v
18
common
*2%
12
*117
14%
X
-
Jan
preferred
3%% conv preferred
15%
2%
27
*14%
96%
19% Nor
la
22
77
No par
Mills
26% Jan
14% May 17
5%
3
15'%
2%
29%
54 3A
1213/4
96
General
15%
19%
15%
X *26%
;
600
19%
19%
15%
*24%
,
100
54%
96%
Inc
preferred
19%
15%
19%
11%
800
121%
96%
14%
14%
47
125%
July 24
32% Dec 22
12% May 24
General Instrument Corp
103
125%
55%
*121
97
2,600
$3.50
147 a
>
3
*46%
*100
121%
54%
56%
121%
96%
97
200 >
11%
110
No par
Co Inc
♦14%
15%
♦2%
♦
55%
120%
56
121%
96 y8
15
*47
48
93
11%
125
101
*91%
12
No par
7%
preferred
General Electric Co
General Foods Corp
j
Jun
21% Feb
23% May
,
25% Sep
20% Sep
45% Sep
1
—
2nd
Apr
Jun
12% Oct
16% Jan
6
60% Feb 10
1
com
preferred
conv
13
18% Dec
100
Co
American
17
15% Feb
11% Nov 21
1
preferred
General Cigar
30.500
40% Dec
13
Dec
48
4%
20
347/a
91
10
25
common
Industries
conv
Aug 28
Jan
20%
29 *
Sep
20% Oct
11% Jan
*
Jun
57
10
General Cable Corp com
4%
1st preferred
..
24
May 17
100
$8
500
.
142
34%
18
105
'
9
.100
100
•
14% Jan
1
(The)
General Bronze
300
24
•138
.
5,200
X
35
♦98%
*47
38
'23%
140
May 29
General Amer Transportation
5
$4.25 pfd series A
No par
General Baking Co common
5
600
10%
77%
139'A
16%
20
$4.50 preferred
50
11%
777a
•122%
121%
158'
*10%
37%
11%
11%
*46%
56
2,900
77%
93 %
*91%
•120%
10%
Co
Wood
General
300
*35%
34%
6
Gaylord Container Corp—_—_l.66%
3,100
102'A
*153
11
17% Jan
preferred
4%%
.
78
23%
Gar
700
55%
(The)
Gardner-Denver
,
37
139%
300
300
78
38
37%
.
-
Co
Oamewell
6,200
37
24
35%
>97
300
6%
6,4u0
10%
; 158
10%
'
78
143
*139%
;
•91
ioy8
10%
200
102
•102
10%
11X
35%
24
'
*153
11'/a
Gabriel
38
78
*37
38'%
♦139%
10%
10 %
158
11
10%
10%
11
78%
♦153
158
♦153
10%
10%
Dec
100
Gair Co Inc (Robert)
; 6,400
55%
102 %
13
18
70% May
28% July
46%
116
'./<
•>
20-/4
55'A
*102
Sep
33% Oct
preferred—.
cum
4
vl3f>
54%
102%
8
common
1,100
12 %
55%
102
2b
41% Jan
10
_10
'
20%
13
110V4 Feb
May 19 X
Malting Co Inc_l
Grain
Fruehauf
260
30%
55%
10%
11
20%
Dec
30
Sulphur Co—
Froedtert
4,400
6
30
55%
10%
155
20%
Oct
Freeport
4
—
20%
*100%
10 %
11%
30%
100%
10 %
12
30%
Nov
99
34% Mar
Nov
16
25%
par
9,400
5%
12%
102%
157
11%
6
100%
102%
♦11
*19%
13%
102%
10%
6
21%
13
19%
101%
402%
*153
*13
19%
52
15
-
19 % May 17
23% May 23
12% May 20
36% May 19
19%
*100%
13'A
55
56
14
3
2o
39% Oct
(new)
9
*19
*13
31
20%
21'A
19'/a
62% Dec
21% Jan
pid
conv
8
7%
101 %
13
♦99%
100%
19'/a
6%
31
31
20%
21%
13%
100%
6'/a
6%
7%
Apr
Jan
7%
13%
7%
X
20%
♦20
20
6%
31%
20%
1.3%
13%
♦100% 101%
20
8
109%
105%
No par
G
8% X 8%
Dee
Corp common
6% prior preferred—™
Francisco Sugar Co__.
No
1,400
2,000
-
40%
*11%
22%
7
Sep
May 19
Foster-Wheeler
*
"
12%
21%
Food Machinery
330
'
14'/8
41 %
41
107% Aug
Sep 16
51% May 20
19%
24
Steel Corp.
Food Fair Stores Inc
3,300
41%
-
83%
10
14% May 27
" Follansbee
6,200
27
*11%
12%
22
Feb
Nov
Dec
104
No par
Florsheim Shoe class A
3,000
*24%X 25%
14
TO
51
No par
4 Florida Power Corp
43,100
89%
27
25%
Oct
21
100
Florence Stove Co
"*
'
*24%
25%
49
Feb
.
100
10
38
25 %
2o
61
2,100
21
10'A
27%
4
59 % Feb
'
29%
9l"/8
26% Jan
46% May 27
42% Jun
5
500
10%
38%
20 % May 20
25
270
28%
29%
26% Feb
137/8
137/a
21 v
29
30%
30%
I per thart
20
Firth (The) Carpet Co
No par
Flintkote Co (The) common—No par
*'
$4 preferred
No par
100
*99
31% *
21%
*21
-
'
31%
Highest
t per thart
10
Y
com
preferred
National
4 per thart
Lowest
5
Fidelity Phen Fire Ins N
45 7/a
"
Year 1946
I per thart
Par
Highest
1
58
45%
105
Range for Year 1947
Lowest
Co
5 7'A
'
10
91%
25%
*79
13%
27%
28%
22
107
900
20%
20%
20%
Pelt
12
Dec
105% Feb
31
111
27
102%
Oct
Dec
24
23%
Deo
52%
Apr
8% Jan
10
6%
Oot
13%
Jan
33
95
Dec
14% Feb
51
80
9
4
9%
Nov
108
Jan
Dec
20
31%
Sep
Oct
56%
Sep
78% Jan
78
May
35
NOV
40% May
15
Oct
17%
Oct
3
25
'
57% Apr
14
>76% Dec
24
No par
X
13% Dec
17
16 % Sep
30%
Apr
Jan
12
H
;u.:*32%
34%
32%
32% X:
y,
■•14%
14%
XX
13%
14%
*•»
*14
14%
.X
14
14
*88
89
-*102'A
/
.•
103'A
:
;rX
•••„•
88
88
X *102'A
*88%
103'A
103'A
1
*24
24%
♦148'A
*24
153
31'A
*7
7%
1
*75
30
8
7%
87
40%
*75
V;
,,
89
*102'A
103'A
102%
103%
X
24
24
24%
103%
23%
23%
♦148%
30%
153
♦149%
*29'A
153
30
29%
*7
7%
X
7
7%,
*102% 103%
23%
151
*149'A
29%
23%
90
1,000
151
293/a
900
6y8
67/a
200
*75
78
*75
78
78
,
*75
78
7'A
7%
7%
7%
7%
7%
7%
7'A
1,200
7%
7%
7%
<7%
fi%
7%
7%
7%
10,500
25'A
footnotes
•86
25%
25
84
*38%
96
see
*24»/a
V
X
40
96
page
"
23.
■X
85
*38'A
96
Water
Hall
Printing Co_
(W F)
Hamilton
4%
Watch
conv
Hanna
Co
25
com
preferred
(M A)
Refrac
11
4
30
Dec
2
19
Jan
22
87% Dec
31
112
Feb
4
108% Sep
:
27% Dec
Jan
102% Dec 29
com—No par
19% Apr 17
100
148% Oct 30
10
1
28% May 19
6% May 19
preferred
Jan
19% Feb
Jun
13
100
Hart, Schaffner & Marx__
Hat Corp of Amer class A
>9
14
Co $4.25 pfd—No par
Harbison-Walk
32% Dec 23
5
No par
>
Aug
Jan
Oct
119
12
105%
Jan
109%
2
20%
Sep
27
151%
Nov
39% Jan
6
33
Nov
10% Feb
3
8
Oct
99
Sep
160
24
26%
103
Apr
Apr
34% May
170
Aug
60% May
16% Jan
'
7%
25
-
Hackensack
6%
29'/a
7
7%
25'A
i
96%
For
*7
•
7'A
40%
96%
*29'/a
.
>7%
25%
♦86
*148'A
7%
78
*75
r
26
26
•25
153
*6%
78
8
X-X 7%
*24
31
*148%
'
♦30
24%
>
26
85
%
*83%
40
96
26
26
23
25%
40
'«•<--
-
*95%
*25%
v-
24%
86
23 %
-
40
96
*83%
-38
—
!
*95%
26
26
4%% preferred
Hayes Industries Inc
Hayes
Mfg
26
800
Hazel-Atlas Glass Co
*23%
23%
600
Hecht
86
*82%
85
-38%
96 4
X-4 39%;
'
'-95%
39%
900
95%
130
Co
3%%
Helm
common
preferred;
(H
3.65%
J)
cum
Co
75% Dec
,—100
6
1
common.
preferred
26
May 19
4% May 19
251 Dec 27
2
Corp
23%
40
21
Range for Previous
STOCK
''"X/.Y:v
200
34
X;
X'
32
♦21
37
92
*13%
20%
30
.'10
♦25
32
22
28%
10
38%
41
45%
16'A
100
99%
31%
14
*21
38%
*11%
101
31 X;
14%
28%
57%
45%
' 21%
YORK
,v
'
22
*91%
57
47%
33 y8
(441)
EXCHANGE
Shares
thart
*20%
NEW
'
16%
33%
101%
X '27'/a
21
57%
55%
16
101%
f per
20%
46
*105
33%
'•!. *32%
14
20%
57%
»,■:
CHRONICLE
the Weak
Jan. 23
t par thart
21%
Sales far
Friday
20%
58
47%
16%
•
*20%
21
58
34 '
♦21
I per than
106
*105
57
34
4j}.
21
58%
,
J05%
*16'/a
Jan. 22
21
FINANCIAL
STOCKS
Thursday
Jan. 21
I per thart
&
PRICES
Wednesday
21
48%
57 x:
SALE
Jan. 20
I per share
21%
*21
♦105
HIGH
Tuesday
Jan.19
thart
48%
AND
Monday
Jan.17
f
COMMERCIAL
THE
Number 4667
5
15
22
May 21
100
90
Dec
—25
85
May 16
100
X95
;
5
106%
Jan
Feb
8
,/8X:
Nov
20%
9% Oct
24
5%
Nov
15%
36
Apr
Jan
100% Apr
12
35% Jan
7
8
30% Jan
2
103% Apr
14
42% Feb
13
29%
Oct
28% NOV
101
Nov
'
Dec
11
108
July 14
41%
103
Deo
Deo
51
Dec
May
109% Mar
44
106%
Dec
Deo
22
COMMERCIAL & FINANCIAL
THE
(442)
LOW
HIGH
Jan. 20
t
S per share
per share
SALE
Tuesday
Jan. 19
Jan, 17
s
AND
Monday
Saturday:
# per share
*55
56
55
55
54
54
*54
142
141
141
140
140
140
J per share
56
*141
140
*16%
17
16%
16%
16%
16%
16%
EXCHANGE
*52%
51
*50%
128%
29%
51%
51%
*126 y2
127%
29%
51%
51
4b
49
:Z.127
'
*126
128
4,100
49'%
49
127
*126
50
*126%- 128
31
*119
120
30%
*29%
119
119%
119
25%
25%
24%
24%
*24
13%
13%
13%
13%
13%
119
31
*29%
*29%
31
*29 %
30
100
.
.
118%
24%
24%
23%
24
24%
24%.,
13%
13
13%
12%
13%
13
13 %
117
117
29 %
29%
29%
*20%
30
29%
*24%
25
25
25
*243/4
253'4
25
25
*23%
23%
23 %
2334
22%
22%
21%
22%
*13%
14%
14%
18%
18%
18%
18%
18
18
17%
17%
39%
39%
38%
32%
39%
38%
38 s/8
38%
39
*14
15
*18%
19
40
40
.*33
,
33%
321%
\
4
33
14%
.
*14
32%
*24%
25%
200
215/8
21%
21%
2,400
*14
15
30%
29%
25%
1,800
Nov
28
36
Dec
31
3,300
Houdaille-Herohey
com.—.—No par
—50
13% May
19
19 % Feb
1
12%
dot"
28 A
Feb
Dec
22
00
Feb
21
46
Nov
52',
Apr
com—No par
28% Jan
11
36
Oct
6
27
Sep
35Vt Jun
85
13
30
*29
30%
15 %
800
33%
32%
33
32'%
32s/8
31%
31%
32
32
1,900
90 3/4
40%
24%
24%
90%
25%
903/4
91%
40%
40%
40%
*40%
253/8
23%
24
23 s/8
*90
"■
91%
91%
40
•
preferred
33/4%
130
Finance
preferred
Houston
"11,900
Oil
of
Texas
22
5%
21%
21%
21 3/4
21%
21%
21%
*21%
21%
*21%
22
700
34%
34
34%
34%
34%
*33%
34%
*33%
34%
800
Howe Sound
5%
8,500
5%
*11%
5
12
*5
5%
5%
5%
53/4
5%
5%
*10%
11%
11%
12%
*10%
11%
*10%
11%
12
36%
28,000
5%
6.66%
35
36%
35
36 %
20%
20%
19
20
193/a
19%
18%
19%
18%
18%
18%
183/4
17%
17
17%
*16%
17%
*16%
17%
13%
16%
16%
16%
900
Hunt
Foods
4%
4
4%
4%
4 Va
4%
3,800
Hupp
Corp
1,700
Idaho Power Co.
.
4
4%
4
4%
Car—
Inc
30
47
Apr
July
60V* Feb
Oct
30% Oct
Oct
5
Ju®
123/a
Jan
3
11%
Dec
25
Jan
3
33
Sep
45% May
21% Oct 15
14%
Oct
34% Mar
30
25%
Oct
49%
Jun
5% Sep
10%
Jun
44%
Apr
33/« May 20
35
111%
24%
7% Feb 28
15 Va May 23
1
343/8
1
14% Oct
5
133/4 Mar
:
12% May 19
35%
Feb
May
3< % May
5f
Jan
99% Deo
22
383/4 Mar.28
May 19
No par
351%
4
29
73% May 16
—100
Hudson, Motor
35%
"!■
3
common—100
33
*35%
4%
28% Dec
29
Hudson Bay Min & Sm Ltd—No par
36 Va
*17
105% Sep
3
45 Va Jun 30
31 Va May 19
—5
preferred
non-cum
20'A Dec
1
—
Co...—
Hudson & Manhattan
300
8,100
5%
*10%
-25
c
Dec
37% May 21
163/4 Jan 16
No par
t
v
Howard Stores Corp
34
44
100
;
Houston Light & Power
1,500
41
24%
23%
$2.28
Household
—10
34 3.4
22
*34%
4'
30
44
40%
Dec
18
22
Sep
34% Sep
15
*&9i/8
May
41% Apr
3"% Jun
Sep
13
44
89%
z43
Oct
20
15%
2534
May 28
May 19
Nov
21%
22%
23
45%
401%
26
2
Jun
15%
40%
2
Jan
44%
89s/a
Dec
31% Jan
20 V4 Oct
16
26%
33
X29V8 NOV 12
2b
45%
40%
39% May
48
15%
89%
Oct
23
45%
25%
Nov
22
35 % Jan
15%
40%
14 %
17
123
4
Holly Sugar Ccrp
46%
89%
17
Jan
5
ftomestake Mining
...—.12,50
Hooker Electrochemical Co..—.—5
100
I534
33 x/a
11
146%
Sep
1,600
*45%
33%
Jun
Apr
Apr
143/4 Dec 31
213/4 May 20
(Del)
139
29% Jan
5
72 V*
Jan
2,400
16%'
*32%
26
22 Va Apr
The
E)
46% Sep
130
17%
15
463/4
16
23
Feb
38%
*453%
16%
46
134
Jan
Aug
38% Jan
38%
-
16%
46
29
90
192
Sep 25
Oct
169%
7 17% Nov
Mar 21
38
20
Sep
10% Jun
——1
—5
Hallatider & Sons (A)——.
.—5
(C
5
63
134
Corp
Furnace
Holland
8
9
Oct
Dee
61
22
10
No par
5
———-5
& Dauch Paper Co—
-10
Co
Hires
Jan
S per share
.'17%
.*14
15
30
32
„
Jan 29
22V4 Feb
30
118
preierred—,
Inc—
Highest
$ per share
Dec
126
Hotels
Hmde
1,100
29%
21%
50 % Sep
"Lowest
29 % Dec
100
No par
conv
Hilton
7,800
29 %
29
165
14% May 17
Hewitt-Robins
•"/800
*24%
29%
68
18
$4
'
*29%
26
200
119%
117
25%
X117
49 % Nov
140 % Dec
common
non-cum
5%
preferred—Hershey Chocolate com—
60
128
; >
*29 %
25
7%
Hercules
700
*
50%
127%
t per share
share
preferred
100
Motors———No par
Hercules Powder common——No par
(G W)
Helme
130
•■'//
16%
Highest
$ per
Par
400
55
16 %
16%
Year 1946
Lowest
Shares
143
*140
143
16%
Range for Year 1947
NEW YORK STOCK
the Week
I per share
54%
54%
*140
163/8
Range lor Previous
Sales for
Jan. 23
Jan. 22
share
per
STOCKS
Friday
Thursday
Jan.21
:
RECORD
PRICES
Wednesday
-
STOCK
YORK
NEW
Monday, January 26, 1948
CHRONICLE
May 14
43 V* Feb
Jan
2
7% Feb
#
39 % Aug
1
5
■
*34%
35
68%
*953/4
34%
34%
*34%
31%
30%
28%
30%
293%
»
34%
34%
34
34
34
28 %
35
-293/4
30%
28%
293/s
28%
29 5%
68%
66
67%
67%
673/4
97%
*95%
97%
x34
,
5%
',»/ 909.
68%
69
68 3/4
68%
*95%
97%
*953/4
97%
*95%
97%
*95%
*253/4
97%
26%
2534
*25
25%
24%
24%
*24%
25%
540
10%
10%
25%
10%
24%.
10%
9%
10%
10
10%
10%
10%
3,500
*21%
25
10%
;
10%
•«:
-44%
22
22
22
21%
22%
*21%
22%
14%
14-3/4
14%
15
15
-15%
15%
*15
44%
45
*127%
130%
*127%
158
*153
158
*153
39
39
16 Va
16%
*6%
45
102%
'
:
101%
3 V*
3 V*
'3 V*
12%
12%
13
237
237
89
89 V*
*165
234
165%
6%
29%
*76%
83
165%
*76%
3 Va
3%
*3%
27%
273/8
12%
12%
12%
123/4
i 235
165
135
6%
28%
81
78
4
>
231%
90
87%
88
6% '
27%
6%
28
27%
28
78
*78Va
3%
77
83
:<
77
"
136
3%
3%
*95
50 %
49%
97
12
*53
12
W)6
106
106
*53
54 V*
50%
96
97
*95
12%
*12%
*105
49 5/8
50%
96
27V4
18,800
*136
,:,:*136!/ 137%
136 Va
96
T
95%
53
■
951%
121/4
12%
105 %
*105V2
v
,
1,500
•
53%
*44%
44%
44 Va
44%
44Va
441/4
44%
44 V8
44%
441/4
53%
52%
52 %
51,- '
51
*50
51%
49%
49%
48%
*31
34
34
*31%
34
32%
34
*31
12 V*
12%
*31
-441/8
'*32 Va
34
*31%
'
53A Feb
36% Feb
130 V* July
9
Co com—...15
Silver common
12 3/a
13%
13%
13%
13%
13%
13%
13%
2,200
Foreign
20%
20%
20%
207/«
20%
20%
20%'
20%
500
Interstate
*24 Va
25%
24%
*23%
24%
24%
24%
25
24%
'24%
300
Intertype Corp—..
*61
62
.
137 Va
61
61
140
137 %
140
61%
LOW
Saturday
Monday
//
*140 /
HIGH
BALE
Tuesday
Jan. 19
9- per share
834'
20%
AND
62%!
62%
143
*8%
20%
*203/8
88
'
*43
44
43 V*
*91%
92%
*91%
Creek
1
common
NEW
.
,
583A. Feb
*
5
Dec
Feb
113
52%
Dec
Aug
26% May
July
125
70% July
Sep
Oct
49"%
Jan
60 %
Aug
Dec
42%
Aug
: 36
37
7
Feb
31%
14% Nov
17% Feb
11
17% Feb
11
143/4
Nov
313/4
Feb
26% Feb
11
23%
Dec
50
Apr
3
20 %
Dec
39%
Dec
34% July
50
Aug
14
May 17
273/4 Oct
38% May 20
143% Jan
2
1
55%
397/a Nov
5
45
693/4 Nov 25
158
Aug
141
1
STOCKS
'
tha Week
$ per share
Coal
95%
12
Feb
148
11% Nov
9% May 17
20
Sep
Oct
101 % Sep
9% May 17
No par
Aug
38%
18
26
Apr
Aug
42% Feb
20
40
,
101
.11% Feb
Feb
32
19
Apr
Apr
Jun
Oct
133
19
633/4Oct 28
Telep & Teleg—No par
15%
45
4%. Oct
28%
8
Feb
2
Jun
202
Oct
'
16
23
Feb
Jun
Sep
90% Dec
8
40 % May 19
share ctfs._——No par
Dept Stores
—No par
preferred
Sales for
Jan. 28
t per ehare
38%
39%
107
105
8%
39%
102
*100%
*20 3/a
21
*20%
21
89%
89%
89%
*89
91
89%
Deo
Jun
163
Range for Previous
'
YORK STOCK
'
Year 1016
Range for Year
43
42%
42 V2
*42
43%
*42
92%
-*92%
93%
92%
*92%
/!r 8%
-*20%
38 3%
155
*140
155
32%
C 31%
87
*85 %
36%
36%
:
"
39 Va '
:
.
*140
101V*
25%
102
;
*100%
:
150
*140
*85 3/i
36%
:
%
-
1
-■;!
43%
"
102
37%
36%
102%
*24%
25%
101%
101%
*100'/a
*140
32%
84
86
35%
102
150
30%
:•
87
36%
*
37%
*101%
25%
*82%
31
30%
35 %
3%%'
Dec
37
Jun
53
/Jan
104% Sep
31
preferred.—i—100
108 % Dec
11
& Johnson -common—19%
24% Sep
29
Dec
10
112
,
.'!! i
Dec * 8
151
4%■ 2nd preferred series A—-—100.
Joliet & Chicago RR stamped-!-100
98
145
125% Oct
Laughlitt Steef com.-No par
500
5ft> preference sOxies A—-----lOO
8,700 V: Joy Manufacturing :Co___1——1
,
86 % Dec
"2
24% Jan
mmwm
Dec
100
4
*
108
45% Nov
/f
July
59% May
2
16
111
Jan
IT
:
109
Dec
,
20
140
Feb
101% Feb
39
27
25Va Jan
-
S%- Dee
H
Sep
153
Apr
34% July 28
27% May 17
Jones Ac
10,900
f per share
46V2 Oct 16
2
.
t per share
-Highest"-;
24% July 28
'
50
35 3%
343/4
89 -
Lowest
104% Feb
393/i May 20
Johns- Manville Corp com.;—No par
*
83%
*82%
84
:
1
•i Johnson
1
13% Feb
17
17
800
;
-
34%
,
lo
19 V* Dec
'
150-,
*140
31%
6% Jun
-
80% Dec
110,100
/
!
—1:
Co:——
*
4
102 Va
(P .I )
Jaeger Machine Co common—No par
-100
>
:
Jacobs
t per share
Jersey Cent Pwr & Lt 4% pfd—100
400
Jewel Tea. Co Iftc com...—No par
200 V/) \3%/% cumulative preferred—100
100
94
101%
.
;
Highest
f per share
//■ JPar-:?
/ 1,600
}
.
*24 Va
--
150
31%
8%
-
37
-
38%
25%"
36%
36
92%
103
*243/i
313/ar* 31%
87
37 y4
104
*100%
32 '/a
-
8%
8%
8%
21
Lowest
EXCHANGE
Shares
90
*24%
v
102
*140
8%
21
*103
25%
*100%
%
92%
105
25%
*
g per share
'
36%
Friday
Jan. 22
Thursday
«
43
92%
31%
$6
■•!!;!'!''% \
*88 Va
43%
*86
Island
1,300
'!/:.! 50
143
*140
8%,
*20%
.
88%
39%
■
Jan. 21:
.
$ per share
8%
90
*25
60
59%
60
;■« 143
PRICES
Wednesday
Jan. 20
21
*88%
107
59V2
*140
143
46% Apr
Sep
Feb,
102
116
31
May
13%
20'/*
Opt
'
Jan. 17
I per ahare
*8%
62
*140
*24
International
107 Vb
26
Dec
112
May
Jun
6%
59% Oct 22
May 19
37% Jan
par
—25
preferred.—i——25
*13V8
24%
9
No par
L_No
International Shoe—
12%
79,100
94 V4 Dec
104
100
•
250
27
29.
Dec
Feb
113/* May
59
175% Dec
12
.
Jun
22%
66% Nov
1)
Jan
137
383/4 May 19
V $4 preferred.—..—_No par
Int'l Rys of Cent Amer ,com__No par
...
96
Aug
195 :■■>? Jan
July 14..
5
Jun
54
151% Jun
190
5% Dec
34% Oct 22
24
Jan
44%
10 V*
Nov 20
95
Jan
May
22%
Sep
?y+ Sep
35%: Nov
105
Aug
:
Feb 11 •
246
7
13% Sep
7 33%
;
Mar 2fi
7
4
Dec
■
15%. July 24
10% Feb
123/4
,:
108
25% Dec
International
1,000
C
29
3
8
9
Jan
! "3% Dec
7%
14
100% Dec
8V»Peb
'76
34
13%
50
186% Jun
203/4
1334
6% Sep 30
35V2 May 17
26
*12%
13
; Oct 21
Dec
International Salt—:
1,400
:
42
17% Nov 26.
May 19
22 V* May 19
*20
133/4
19
6
13
12%
Apr
!
11%: Sep
-
-
18
12 Vb May 19
13
21
13'/4
Oct
Jan
preferred
36
Sep
70
*20 %
13
36
33
__
-
Sep
116
common—..No par
Paper
23
168% Mar
163
5$
400
1
:
!
25 '
180% Feb
_100
150
t"
49%
/!
t
1,000
*
.
44%
*52 Va
i
•
^
:
30 Va Jan
192% Apr 29
International
16,600
121/4.
107
*51%
53
*51%
l-
98
*95
12%
/:■;/:
48Va
Jan
16%
138% Oct 21
Machine__i—_No par
preferred
37%
18
■,
1
Int'l Nickel of Canada coin—No par
Preferred
5!.!—
-100
130
1371/2
47%
105%
12%
106
53
47%
47
5OV4
96
12 V*
106
i 106
'53% -54
•54'/*
47%
12%
4*-
123/a
*105
t
1,000
26%
*
50%
200
3%
27
14
Hydro-Electric Sys class A—25
Int'l Mining &, Chem common—5
4%.' preferred———————100
1,700
27%
3%
33/+
27%
30
May 19
9% May 19
7 ft>
Apr
Oct
14%
•
Dec
Int'l
'
27Va
137%
*76%
83
*3%
27%
Dec
_No par
'
»
99%
:
May 27'
oom_____No par
Harvester
Jan
Sep
6% Oct
26% Dec 31
11 Vt Dec 31
International Mining Corp.—
390
-
16
Aug 22
169
Inc—— 1
Int'l
4,800
-
!;/
'
Jan
Int'l Business
6,400
165%!
6%
97
Interlakd Iron
-
Jan
83
107
•4Va% preferred—-—-—100
Intercontinental' Rubber.—No par
t
900
v
-88%
1643/4
0%
5,200
'
3%
*136
87%
164%!-
6%
29 *••
28%
28%
16414
1651/4
6%
1,300
!
45%
Oct
*38% May 20
•
_20
Interchemical Corp
Sep
1; 18V*Oct
.17 *: July 17
50 • Dec 22
...No par
Coi
Insuranshares Ctfs
v
100
'■!/
'
230 ;
230
232
27%
135
12%
234
164%
6%
:
3%
12%
234
:
165
6%
31/8
12%
Inland Steel
400
>/
3%
12V4
!■':•>'!'! 100
i
443/a
!': 102
102
—4.-1
«' Inspiration Consol. Copper
21
12% Jan
Ingersoll-Rand common.——No par
6ft> preferred^.—IOO
4,800
:4,300
*
7
7
44%
102
3%
.
88
■-1,-::
89
102
-!>
44%
*100%
31/4
xl02
!;
v:-
7%
*43%
44%
*3%
88%
27%
*7
7 Va
*42%
3Va
29%
29
*7
;
i
15% <
-
x21
:
..
37%
Jan
7% May 19
Industrial Rayon—
700
15%
!:
;
15
—5
industria Electrica De Mex, S
125
37%
15%
1000
Indianapolis Power & Light__No par/
158
38%
15%
102%
235
89%
273/s
135
135
<
234
6%
37
16%
3%
165
•
39%
45
44%
125
*153
'
.
16
102%
89
6S/8
29 Va
102%
158
38%
7%-
43%
102%
3%.
12%
.
■*7
7%
45
127
__:
A
31%
>
87
93
Illinois Terminal RR Go
32% Dec 31
41
100
RR stock ctfs series A
;<
v
64% Dec 31
u_.
4ft?
1,300
'
'15 V*
44
44%
126
*153
39 %
16 Va
44.%
44%
45
127%
158
*153
16%
38%
16%"'■>
*6%
7 3/i,
45
39%
16 3%
127%
130
158
:
•
38%
/'
44%
45
*12734 131
lines
Leased
May 19
18% May 19
37% May 21
—100
1,000
*21% "i 21%
14%
*153
preferred series A
2,100
213/4
22
14% •14%
C44
.
68
"
30
20
Illinois Central RR Co common—10o
32,300
V
*67
3
8
18
40Va Oct 20
May-
115%
Feb
Mar
'
1501
Feb
31% Nov
99
53% Feb
Sep
r
•18%
108
Oct
*
34
May
Apr
«#:*. J*
K
16
16
■
161/4
H
i6%
*15%
16% '
*15%
*92-
93% :
*92
16
16
*15%
93%
*15%
*92
153/8
i
■
1
300
.
■?
Khlamtzoo Stove &. Furniture—-10
Kansas
*92
93%
27%
27%
521/s
521/8
*16V8
*92
16%
*24
93%
'
93%
253/g
26%
25%
26%
25%
51 'A
52.
52
51%
51%
16 V*
16
16
15%
15%
24
24%
*153%
24 Va
! *92
27
51
%
25%
'
-*51
V
15%
26'%
■•<
•!
•
*151/2
■
f
!
24
24
19 V*
20
19 V8
19%
l8a/4
19
18%
18 3%
*18%
19%
46
47
46 Va
46%
46%
47%
::! v! 45 3/a
46%
45i%
45%
*41%
..!!
*24
24%
.
23%
23%
23%
23
41%
411/8
42%
42
42%
4IV2
41%
413%
42
21%
21%
20%
21%
20%
21
21%
22
20%
21%
20%
98%
98 Va
99
99*
99%
99
99
98%
98s/a
98 Va
*12%
13%
13%
70%
,
41%
*12%
13%
70%
70
70
31%
31
31V4
94%
94%
94
94%
37%
37%
37%
37%
*49
493/8
49
49%
*45
45%
45
*31
534
■5%
934
93i
•
5%
/
45
5%
13%
*12%
72
72
*71
31V4
32
31%
32%
900
1,800
94%
95
94
94%
37%
37%
36%
37V8
48%
49%
48%
49
*45i/8
45%
45
45'/a
5%
93A
9%
22
21%
21 %
10 34
10-%
10 3%
10%
5%
13%
*12%
73%
*71
73% !
10%
5%
93%
36'4
48
48 '/'a
*47 %
45
44%
5%
IOV'8
*9%
21 Va
*21%
10%
10%
49
*48%
50
x43%
43%
43
43
25
24 Va
24%
24%
24%
*943A
*48%
97
*94%
.49
97
!
10%
10%
..
10
*47
*42%
43%
24%
*24
243/4
*94-%
*94-%
96
10%
10%
10%
10%
10%
10%
10%
10%
10 %
10%
10 Vb
33
33%
39%
33 %
32%
32 3/4
32 y4.
32%
32 V*
32%
*5S4
5%
5%
*53/8
5%
5%
5%
5%
53%
5%
5%
2
*1%
*90
40
*20
20%
*0%
6%
*47
10%
1%
*20
20 %
5%"
1%
*20
20s/b
*20%
5%
47%
;
*1%:
40
46%
47
10%
10%
10%
For footnotes see page 28.
*6
.
1%
*1%
40
*20
20^/8
•
20%
6%
45%
*10%
11
6
46
'>2
40
20%
(
6
1%
*20
2QVa
6
45%
*
>
46
45%.
10%
10%
10 Va
1%
lVa
*20
20%
*20%"''
6
45%
10%
10%
,
'
900
1,900
1,700
900
.
900
4,200
45%
10%
Dec
31
34
Jan
Jun
(The)..
Light Co
Gas
La Consolid
1
C
1,700
40 V* Apr
(The)
9
Bryant common
4%% preferred—
i
(Janies)
No par
-50
5
Lehigh Valley Coal conu—
—1
"Non*cUmulative preferred
.50
$3- non-cum 1st preferred—No.par
; 50c non-cum 2nd
pfd
I—No par
Lehman Corp (The)——iiv--.:—1
Lehn & Fink Prod Corp..!—.__8
19% Sep
11% Nov
41
Sep
2
32% Jan
21V* Nov
108% Deo
15% Feb
-
13
Feb
20
85
'
7
Jan
6
38 % Oct
16
•
82
29
Jun
100
Aug
46
Jun
101
Sep
5
96
Dec
40
Oct
22
33
Nov
59
' Feb
.4
43
Sep
45% May
62% May
43% Oct
65% May
3
523% Oct 21
29
7
-14
44
30
Feb
3
Jan
9
Jan 31
5%
Sep
9%
11% Dec
14%
38
68
Sep
8
13% Nov
Feb
8
52
Dec
Mav,15
56% Feb
13
49
Sep
21V* May 19
30% Feb
Jan
Oct
May
4
10
38
95
14% Feb
May 20
Dec
56
101
•
1% May 19
35 Va Mar
7
i
1
10% Nov
17%
Jan
34%
Sep
553/* May
Sep
17%
9
7
6%
■
Apr
8% Feb
3% Feb
'
11
-35% Mar 17
14% May -19
5% Jun 17
23% Feb
13
95/a Feb
U
38 V# May 19
50% Feb
10
10% Dec
24
9
Apr
44%'Jan
10
4% May 17
20% Sep
102% Apr
82
2
12% Feb 13
12
9% May 20
30 Va Jun
,
Jan
Jan
Oct
: Dec
26 y*
34%
30
.60% Apr
55
May
; .30% Aug
108% Dec
102% Aug
-
49%'Jun -19
& Sons Co ccrm—i.3
3.83%. cumulative preferred—-100
Lehigh Coal & Navigation Co—10
Lehigh Portland Cement—!
25
Lehigh, Valley RRi——_—50
8
15
1-3
1163/* Feb
Dec .24
20 3/a Dec
..Nopar
Lane
Feb
4% May 19
4
6%, pfd—!75 Pesos Mex
Lambert'Co
/
Jun
28%
52% Jan
16
45!
67
Dec
273/4 Feb 13
113/4 May 20
90 '
(S S) Co..
(S'H) & Co^
40% Jun
Sep
15
49 % Feb
i
20
17
18% Oct
Nov 17
26% Feb
21%' Oct
31
-10
Ll—No.par
Nopar
Kress
May
45
.18
2
41V* May 17
39
Apr .13
,
Lees
'
21
6%
*6%
45
i
36
29% Dec 23
MayT9
Lee Rubber & Tire.———
2,900
:.
2
40
40
—No par
900
10 %
'34%
Copper
13% Jan
.
25
Kresge
,17% Oct
5
58% July 24
;
20%'May 17
A—t :,—l
—
800
.
May 17
65% Jun
Laclede
96
24 Vs..
16
22% Feb 10
108% Mar
47 V* May 19
713% May 19
Koppers Co Inc.common—10
>Cumulative preferred 4%' ser__l00
Kroger Co
1,000
2,500
____!
conv
1,600
49
42%.
+>'■
1,70.0
400
ioy4...
49
*42%
?
26
2nd. preferred.—.1—100
4%
•
I
320
;
4
Dec
Kinney (G R) Co common!.;
.1
1 $5 prior preferred—!__j—No par
1
40
.3,100
Jun
94
o
213A Dec
103
Dec
8,400
10%
21 Va (
*47
.410
/Class ,B
Keyatone Steel & Wire Coi__No par
Kimberly-Clark Corp com—No par
1
8,900
1,100
5%
5 %
*33%
5%
:
;
::
44% '!■"
5%
44
•
48 Va
44%-
Kdlsey Hayes Wh^el conv class
Kienneeott
100
■'
c
36 y8
21%
43%
97
93
36%
*9%
*48%
*94%
94%
.36%
5%
45
97
*93i%
:
10%
51
*94%
31 Va
21%
*43%
25%
31%
*9%
*48 3%
25%
31%
21%
10%
:
13'/2
*71
10%
*21%
■-.?
*12%
22
*9V4
21%
-
1,000
v
73%
preferred——_—c
100
Kansas City Southern com—No par
Ac/o non-cum preferred^—
100
Kaysbf (Julius) .& Co__—-5
x
14,200
t,:
13%
31%
a
:
■■
98%
41
i
600
:
.j
4
600
-
,
20%
98%
6,800
;
.
14
City Power'& Lt Co—
3.8%
I
20
47
f.'
15%
47%
*19%
,
511%
51%
;
93V4
26
25 V2
54
15%
;
-
Jan
6'
2% Oct
49 3/*
18
Jan
V4 Nov
6% Oct
Jan
5% Jan
Apr
38% May
64
15 V*
Apr
41 Va
Oct
65%. Jun
21%
Oct
33
May
,
•
Volume
COMMERCIAL
THE
Number 4667
167
B&turday
I
Tuesday
Jan. 19
share
18 Mi
$
%
89%.
*39
18 Mb
18 Mb
53>/4
53 V8
9'/a
9%
37
89 %
51 %
9 Mb
9 Mi
35%
'
90
90
170
170
39 M4
39%
10 Mb
9%
9 Ma
9 Mb
62 Ma
60%
61
60
60'A
60 %
88 Ma
32
32
30 MB
31 Ma
30'/b
31
30 Va
22 Ms
22
22
22%
22
22
22 Me
*80
83
80
80
*80
%
83
16 Vs
*78M4
83
9 %
39
9 Me
39 Mi
3 1MB
29
Ma
30 Ma
22'/a
21 Ma
22 Ma
84
i
.
*
16'A
15%
15 Ma
17M4
16Mb
17%
16%
17
16 Mi
16 Mi
15Ma
16%
16
67)/4
66 Ma
66 Ma
66 '/4
66 M4
66
66M4
63%
65
24
24 Mb
23 %
23 %
23%
23%
23
23
2b V4
23 Mi
1
15%
15 Ma
16MB
A
Ma
Mb
.19 Vi
19 Mi
18%
18%
18 Mi
18 Mb
147 Ma
148 Ma
"147 Ma
148 Ma
148 Ma
148 Ma
147
*22%
221H
*22%
22 Mb
*22 MB
22 Mi
*22
22 Mb
22 Ma
43Va
427/a
43%
43 Ma
43 Mi
43
43Mb
42
43
24%
25
V
2 4 Mb
24>/a
24 MB
241/4
23 Ma
24'A
23'A
97 Ma
*94'/a
23%
221/4
22%
*94
96
22%
18 Ma
185/a
Ma
*94
96
21 Ms
22%
23
39%
38
38
37%
37 Ma
*134
143
96% Jan
2
83
Sep
102
191% July 25
183
Dec
210 Ma Mar
78
,_No par
May 19
Dec
29
33 Ml May 27
10
Dec
4
Corp
Inc
Lorillard
7%
tJL
(P)
Co
common
Louisville
Gas
Louisville &
24 Mi Aug 25
35 Mb Dec
30 Ma Jan
17% Apr
cum
pfd
21% Dec
39% Dec
Lukens
Steel
Co
93
10
Dec
Deo
99
Aug
Feb
20
18%
Dec
45 Mi
13
25%
Nor
41
Apr
64
Jan
94
May
17ya
Oct
35
79% Feb
5
28 Vi Oct
24
21% Jan
3
x20
29
166
Deo
29Mb Jan
Jan
Jun
31%
Nor
Jan
172
Jan
Aug
197
32%
Jan
31
24%
Sep
Feb
7
45%
Oct
72%
29% Oct
14
43% May
63
17 Va May 19
100
4
120
Feb
4
A
Jan
20
29
50
series
43%
27
16
com__l
Feb
Not
Apr
*
109 Mi Feb
29
A__No par
Electric
66~
23%
9
65%
Oct
15
19% May 17
78% Dec 31
Dec
43
31
137 Va Dec
& Sons Inc
Jan
May
14
Dec
14
10
Nashville
(M)
'
37 V*
Aug 29
12% Oct
63
Apr
100
preferred
Lowenstein
2,500
*
"
x48
58 Ma May 19
12 Mi May 19
Co
4%%
21%
37%
25
10% May 17.
18% Dec 10
96
23'/4
Oct
1
2,700
*94
28%
No par
Loew's
2,800
23 Mi
28
No par
100
800
22
43 %
Apr
40% Oct
^__Nopar
110
23 Ma
Jan
15 Mb
29 Mi Mar 15
169
Carbonic Corp com
3M2% preferred
2,100
22
-
74 Ma
Oct
25
Lockheed Aircraft Corp__^
2,800
149
Nov
10
_____100
Liquid
•
1,800
43
23 Mi
Oil
43
3
Lone Star Cement Corp_____No par
Long Bell Lumber A
No par
32,400
18%
*146 Ma
Lion
8
10
47
•-14,500
23 Mi
18 Ma
148'/a
148
96
22M4
22 %
22 Ms
Mb
♦94
96
13 %
147
'■
23 Mi
22 Ma
43 Ma
*95
18 Mb
15%
.
t
44% May
21% Nov
Feb
59 Mb Feb
11
Apr
8
5
Co
I per share
I per share
May 16
_7
com
Highest
Lowest
Sper share
17
May 17
46Mi May 21
No par
Libby
___No par
100
'
63 M2
63%
16 Ma
15%
,
J.
-
Belt
.
.1 3,400
V
16 Ma
»
17
*
84 A
15 Mi.
80 Ma
Link
5,400
/
'■
A
.
&
Lima-Hamilton
1,200
307/a
McNeill
Savers Corp
Year 1946
ttiguest
I per share
___No par
Lily Tulip Cup Corp
S 11,900
i
par
Liggett & Myers Tobacco
7% preferred
■
700
*
-.
21%; .213i
»:
Life
150
,
60
30%
,
67 >/i
16 Ma
\
m
;
Libby
1,800
17.1" "
9%
60
h
300
*39MaA»40'
9 Mi
60'/a
*79
i
Range for Year 1947
.'Lum«BI
Lerner Stores Corp
Libbey Owens Ford Glass
5,800
89 % ■£ 90
9 Ma
V
'
"'36%:
*168 Ma
-
60 Ma
."•
3,300
v
Range for Previous
STOCK
"
1,000
;;
9%
*35
90
171
61
9 Mi
..10 Ms
51 Vi
5 2 Mi
*170 Mi
39 M4
39%
10
*61
.
51
351%
.18 Ma
9 Mi
36%
90
170
39
39
53 Mi
9 Mi
170
*89 %
170
*18
18%
YORK
EXCHANGE
Sharee
1 per share
$ per share
NEW
the Week
Jan. k.3
36%
37
*36Me
90
170
41-.
18 Mb
18 Ma
52%
9%
89%
18 Ma
share
18 Ma
37
170 Ma
snare
9 Ma
521/4
9 Ma
Jan. ii
I per
per
RECORD
Sale* for
Friday
Thursday
Jan. 21
.
(443)
STOCKS
Wednesday
•
STOCK
CHRONICLE
PRICES
52 MB
18%
38
170
t
share
53%
"53'A
per
18 v4
•37
SALE
Jan. 20
...
per
9
Monday
•
Jan. 17
HIGH
AND
FINANCIAL
YORK
NEW
LOW
&
30
20%
13% May 17
Nor
97
101% Aug 22
26 Mi Oct 14
Deo
14
Bop
r
Feb
July
108
i
30%
Jan
M
38 Ma
-
.
38 Ma
♦134
*38
*134
.143
5 1Mb
51 Mi
35 Mi.
35
MAiOlC*" 103
143
♦134
51
51
49
51 Mi
48%
48 Ma
34 MB
35
34%
34 Ma
34'/4
34%
101i/a
lOOMa
100 V2
11M4
11%
11 Ma
U Mi
18
18 Mb
17 Mb
18
11%
11%
11 Ma
"35
101 Ma
101 Ma
143
*134
51 %
~
*38
39%
♦lOOMa
*100
*136
300
143
48%
6%
49Ma
35
900
*100
103
200
•
18
;
12%
•
U Ma
*
\ 11 Ma
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550
11%
-
C9I/4
22%
7%
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9'/4
*24
7 Mb
22
Madison
11%
900
550
8M'a
22
22
7Va
7
9 Mi
•
24
24
7
7
7
%
22%
_
7
16'
16
.*'24 Ma
16
A *99%
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100
16
15%
15%
16
16
24 Ma
25
24%
24 MB
24 %
24 Mi
25
>100
18 £A
100
'
18 Ma
17Ma
17%
17'/a
19%
19%
19
19 Me
19 Mb
19%
59
59
58
58
58
58
23%
23 Mb
31 Ma
32%
*31
32
32
*175
178
*175
178
*175
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23%
•32 Mi
178
39 Mi
V•-
39%
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89
*88
%
44
*110 Ma
88
83
10
10
.
-".*42 Ma
:
,
.
111 Ma
J
*38 Mi
28,;
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j.,
42%
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90
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38 Ma
"
*87
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85
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43%
112
39
37 %
38
37 Mi
38
27 Ma
27 Ma
26Ma
27 Ma"'
v
90
27 Ma
27 M4
46
46
90
90,
90
..
88
*86
87
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lOVi
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46 %
24 m4,, 34%
a
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.
93 'a
41
•
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40%
27 M»
27MB
46
40
40
34
93
93
93
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96
21
20%
21
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20 Mi
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23
Ma*
23 A
I 19 Ml.
19
19%
23
19
Ma'
A *92 :
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v
19 Ma
94
94
'93
:
40
23
ig%;
17 Ma
5 7 Ma
54%
55 Ma
"1$B
13 %
13 Ma
..
48*?
49
217 b
*38
-
48
93 Va
40
*39 Ma
23
22%
48 Ma
16%
55
A
•'
*39
133%
S
,%5Ma
*48 Mi
&
Min
Co
20 Ma
20 Ma
20
20 Ma
38 Mi
38 Mi
97 Mi
9.7 Mi
20%
38
A37%
.
*97
■;
•
98
A
-
PRICES
Y/.';""
Thursday
Jan. 21
Jan. 32
39 %
39%;
*38%
38%
"*38Vi
40
134%
*133Vi
*133
134'/a
133
134
13
1127/a
12
52 Vb
Va
50
52 ya
50%
50'/a
51%
52
50%
51
91%
91
91
92%
93
91%
91%
65% v
65 %
65%
65 Vi
65%
64 %
65 .•■/%•
91%
*13%
ido%
100%
A
'14%
A",.; 14%
14%
117'/a
117%
117 Va
52%
50%
14 Vb
117
13 Va
101
100%
101
14%
13%
•■•■;.:
100%
4 Ma
147/a
26 Ma
117
117'/a
50 Va
52
14 Ma
52 Vi
'
92%
92%
12 Mi
65
i
A
13%
20 Ma
!
.
.
.'37
14 Ma
143/a
13%.
14MaA
*26 Mi"
*11%
£•
■
.
£
14
109-
y:;15% 715%;
•'
*52
;
..
Bep
71
Apr
2&
Oct
43
May
122
Apt
102%
7
18
Deo
•,
22 Mi"
Mt
20
18 Mi
22Mi
12
'*
Ma
18-%v; 00
•"
550
6,200
15%
"A
200
54%A5558.
j
106%
IO6M1A
14%
•14 >
*36 Ma
36 Ma
*36 Ma
>36Va
109%
109 Va '
109
109
S *14
36 V2
.
'
•
■r-
15%
15
43
V"'
52
&
.
15 Mi A
>41 Ma
43
51
14
51
..
:
yA'.'
;
-
VaA
Am
-
U Ma
20Mi ' 22
;
20
'
A .';
300
'
*50
A,1,9007
,
A
Prod
SS
&
>
66%
Jun
■1087/a Ma*
Deo
11
Feb
50
30
*
35%
'.Nor
22
8
28
105 Ma Feb
.;
'Oct
1«%
Apr
36
Jun
Sep
30%
Apr
43%
Sep
Oct
107 Va
5
7
20%
Oct
26%
103;
19% Jan 28
41
Moline
Mar 21
83
Dec
357/b
May~21
97 Mi Dec
Aug
57% Aug
No*
18
Oct
35%
Jun
61
Not
105'/«
Jun
18 V*
Deo
36 Va
Sep
32% July
62%
Apr
47 Ma Jan
3
65% Jan
10
54
Sep
y 77
3
97
Deo
110% July
103 Ma Mar
30
;
47 Ma Jan
•
16
May
Oct
61%
Jun
Not
39%
104
111% Aug 18
9
$ per share.
113%
Ap*
Year 1946
Lowest
123/4 May 19
18 Vb Mar
48%'Dec
Apr 30
•
Highest
I per
# per share
$ per share
33
No par
com
M
A
5
10 Vb
3iya
Feb
32
Not
140
share
18%
Oct.
23
Oct
Regul
100
7%
136 % Jun
No par
:
com
;
,
Feb
45% May
Power
Impl
RR
36 Ma
AA
700
1,600
:-A
42%
100
5,200
14Mi "
50 Mb
,
60
•'
(A
112 ;
42 Mb
; '"52%",
Mullins
/A
50 MB
100
400
119% July
Deo
25
105 Vi
70% Dec
29
40 Vi
4
-15
Dec
20
123
Oct
14
10O
Sep
129
Mar
56% Oct
20
28
Sep
44
May
1
7-
—No par
104
No par
&.
No par
Co^l^-No
•
Corp.
Co
8
49
,
24 A
May Iff9% May 19
17%
19
Oct
52
Jan
42
Deo
70
Apr
14-
11%
Dec
23% July
■*:
28 Va
Deo
43%
Sep
5%
3
Feb
17
63% Feb
■
3
;
17
„5 A.
50% Jun
10
Deo
4
lllVa
Sep
8
67 V*
Deo
104 Vi May
-:i7% Dec
2
-
'
:19Vm Oct
i 14 Vi
15% Nov
13
40% Feb
10
112
:
29,
16% Dec
A
Jan
22
44% Feb
13
56
29
-
Jan
May
.
22% Jun.
109% Feb
Oct
.
>
36
Sep
102
-,107 Va Mar 14
A
34% Jan
..
Oct
19
27% Oct 2Ct
V
.
Jun
27% Dec 31
>
.
No par
Apr
64
64% Feb
•
14% May 19-
,
45
.
•128% Feb
,
,
$7 preferred—
[Li,-No par :' 102V2:Apr 26
Munsfngwear Inc—£
._5 '
10
May 29
'Murphy Co (G C> common
1
35
Apr 14
A*
4%% preferred
100
107% Dec 30
A Murray Corp of America com—10 ■:„•
9% May 17
4%
preferred-^.
;
50 -1.
37 Vi Jan
2
Jan
135%
147/8 Nov
3
v.
27% Oct 20
May 19
19% May 197, A' 27% Feb
3
17% May 19
; 25
Mar 28"
,•
—1"
As Bros
Oct
7
2
Feb
•
32
-
•
15'% Dec 29
A*
18% May
13 Yb Feb
K
8
May 19
Deo
60
Oct
25% Feb
8
llOVi May 16
-
8%
Apr,
51 Va Jan
Y
May 19
•.
23% Sep
.
:
<
49 Vb May 17
'
A_
-
13
11% May 19
L
No par
Corp—
Jan
32% May 19
par
& Co——__T-No par
May 19
3% May 19
100-
_20 A
1.25
30
28% Mar 11
Mfg Co claas^BL,.—_____1.
(F E)
Apr
102 Vi Dec
Dec
v.
Myers
68 Vi
114% Feb
3
Brass
Deo
Oct
45
26% Mar
16
inc
Wheel
Mueller
14%
.
Oct
31
com
com—
Ward
.Motor
7
9%
51% Apr
preferred series A
Products
66% Jan
July
173
10% Not
99
.10
♦Motor
6
12
24
84% Dec
No par
Monsanto Chemical Co com—5
Motorola
K*ar
14% Feb
47% May 27
3
100
Hosiery Co Inc
»Moharch Machine Tool—i
Montgomery
*
15 Va Nov
6% May 19
Jan
No nar
preferred series A——.
$3.25
156
18
10% May 19
'■*
62%
No par
_•
.Mojud
'
45% Nov 24
29% May 19
vtc_„No par
Corp
A3,500
13% rT3Mi
y-35%
V '
73
43 Ma May 19
10
pfd series A
conv
preferred
2,800
•
•
105%
;:i4VV
>,.
•2,100
22%
105
Va.
iyy4v% ::'43m
52 Va
.18
22Vi
A
•36%'. '
"
■
-20
18 A
*109 Ma
1.4
Apr
69"; Jan
Sep"
20
Range for Year 1947
Highest
Mohawk Carpet Mills
1,100
,
*109%:
'..15 Va
Ml
31 Ma Feb
23 Ma Oct
15
13% May 20
Mar relit John)
"13 Mi.
♦42- -A,
*51
/A- 105
A. ' 36
.
•102-
8
A 100
27
TlMi
A
A 22%
14%
,
44
39% Not
6
Moore-McCormack Lines hew com_5
•
21% I
18 Mi
105
48 Va
23Va Sep
21
Feb
7,700
•y
20.A>A
22
25% Feb
24% Jan
;14Ma
-*26 Mi
•
18.
'
"
May 20
10,000
?. ,13Mb
20 V. y
;
105% Feb 20
.
'
16
May 19
55% May 17
5
Mo-Kan-Texas
>
6,600
>
lli% 111%
11% A
y.20%
22%
.
25 Ma Jan
A 50%A*/50%
27-V A
11 Ma
Mi
/
6-
Lowest
$6.50 preferred—
6.400
1,000
P
Mission
\i 2,000
* 9%
W26*;1-
St
Minn
*•6,900
i
.37%
9 Va
;
;
14
'
yv.
107
40% Dec
20
■
19Vi
1
8
Jan
46 Vi May
*
No par
Petroleum
Steel
3.20%$4
13,600
,,,/4'Va
*25Mi
112%51H
■
*26%;
•
:V'.A : :•
31
Feb
32
44
Sep
"30
56% Feb
>:
16Mb May 19
88% Jun 23
pfd-100
Minn Min & Mfg:
■
920
377/a
■
55% A
13 Mi
22
*20 Y".
20 Vi"
*106 Mi
«
109
V"43 V A ,r;.f4l%
52 ,v"
./.;,=54%;.;
Ma*
•
Range for Previous
Minn-Honeywell
150
5l".;.';v:AA
4
-A;
9%
25'%
.
A "AA50%'
267/e
11 Mi
2TMa
18%
108
363/a-,
y
109Va
:
*26%
A
12 3/i
22
20
••
19
22%
*106%
.£*14
26 Ma
21 Mi
Dec
21 Va Dec
.
STOCK
Minn
15%
Mi
55 MB
"
*42
15
112 Mi
5 1Mb
20 Va
22
'13%.;-.
37-
♦109 r
Midland
2,400
116
50
25%
'
:
50 Mi
'
22 MB
118
Jun
~
1\
Copper
'
19*' .Y.'AlSVa
.
26
57.M1 ;
51 Mi
12
20%
108
*>;
113 Ma' 113%
50Mi.
22,
*18%
*106%
26
56 Mi
573/a, V
27';.A
.22
*20 Mb
May
43
45% Oct
V
17% May 20
No par
Q% cum 1st pfd
Minneap & St Louis Ry~:
A
13%. -A
116
38
A
9%
147/«
y r.,„
12%
.22%
10
87
5
'
"
,
Mid-Continent
*
A
101;
13%
4MB
15 MI
38
-
51%
50%
22%!
•••,:
Jun
Sep
65
111
21
107% Feb
-
27;
v
No par
3.90%
3,000
!
64%
-50%
4Mb
16%
,1 *9%
.
115
*113%
4Mb
15%
39
26%
56 Ma
117
14 VB;
y.;*26^^7Vi, tnvrrWr?
*22
*25 Mi
57%
*113 Va
10
■
*3 7 Ma
Dec
Par
Miami
80
<
101
117
50 '/♦
Co
common-
2,800
A
12%
51%
!V;
13%
*116 V4
52%
4 Ma
15Ma
38
*9%
26%
V ; 56 MB
,
4 Ma
4%
153/i
38
1
10
'/"■>* 25 Mi
51%/
]/•
:
16%
39
a
10
118
51 Mi
4%
15%
38 7
"57Mb
577/b
17
48% Jan 23
3%
Inc—
2,700
13
12%'
101:%%
13%
Co
YORK
4,700
i
134%
1
13
12% "
'
•Y ""
*25 Ma
97
Oct
45 Ye
•
33% Feb
May 17
<
1
£
-M
""
50 Va
Y
NOT
Deo
9 Mi
4
■7
30% May79
EXCHANGE
300
'
-
100%
10.%
Not
May
70
112% May
Deo
■
93%
,
4
Jan
_50
common*
Edison
2,000
*
*133 %
A.A
13%
12 Vi
*10
Jan
38% May
204 Va
Not
'
133
133
13%
12%
.
50
24
46
50
Machine Co
NEW
Sharee
v
13%
4%
,103
STOCKS
39%
16
Apr
Jan
45%
3
113
Mar 14
/
,_1
Transp
Inc
Metropolitan
the Week
14%
39 Vi
Mesta
Sales fer
"
I per share
12
*115
400
42
39 3i-
Dec
35
24
5
preferred
Merritt-Chapman & Scott
-
Jan. 33
12%
4%
14 Mi Nov
May 26
82
com—18
cum
130
Friday
t per share
$3.50
1,500
*
14%'
$ per share
Mines-
preferred
Stores
&
41%
A:
1st
Merck
14
16
Jun
75
Sep
'195
8
100% Aug 25
97 Va Mar 111
35 Mi May 19
100
(The)
Merch
15
'
Co
conv
Mercantile
300
41%
39.
5%
.
700
14%
38 Va
Mengel
170
2,900
41%
*:i87b
11
1.
Corp
90 Mi
15%
*
26
Dec
No par
preferred
Shoe
48 Ma
42%"
A:,'
1 Dec
24
>
100
.
Co
preferred
2nd
49 Mi
;
15%
117
—1
Stores
48
49
Wednesday
share
4%
2,000
417/«
per
4Vi %
1,900
"
14
15%
52% A 52%
85
i
;
preferred:
Melville
2,000
16%
-'55-%
•133/4
12
116
30%
Sep
24%
Feb 25
706
108% Mar 20
com
Robbing Inc
*89
97 Mi
SALE
&
90»/e
38 >->
.
*16 Ma
"
42%
A
Feb
Oct
48
Jan 23
49% Feb
29
.No par
j,—No par
Co_^
Li
1
Mc-Quay Norris Mfg Co
:k
10
Mead Corp common.——
No par
300
■0
15%
.14%
Corp
Pub
483a
97%
HIGH
41
22%
42%
14%
12%
190
7 Vi May 19
42
Jun
6
Electric, Co
90 Ma
38
AND
$4
150
93'/a
41
43 Va
;
Dec
.No par
preferred—:
conv
48M4
*20%
Jan. 20
65
23
Apr
45 Ma
-
'
*48%.
Mi;
98 Ma
Tuesday
92 %
15%
.<•'
Stores
McLellan
1,100
400
42%
<16
T„_
McKesson
1,900
15%
92
Sep
24% Oct
11
82
.No par
pfd—;
Mclntyre Porcupine
22 Ma
share
101%
;
No par
McGraw-Hill
,.191/4
16,%;,'.*
13%
.
McGraw
".19 Mi
2 2 Mi
12%
66
i.—
Corp
600
100
per
100%
McCall
McCrory
3 % %
: .22Ma
*
14%
*90
pfd:
common
Dec
88
.No par
Co
48'/a
21 Ma
>. 38%
20 Mi
*97-
LOW
,
31
34
39% May 19
.No par
cum
1,400
-19 Mi
a
41
12%
*
175
5
-No par
2,800
*92%.r^3
i$
.
■
*
15%
133 Va
*14
100
-
$3.75 cum pfd 1947 series-
Maytag
.90"%-
48%
*
A
27'/a
-""3
22 Mi
48
48%
*90 Mb
"*38
*"
93%.,
■
16%
48 %
Jan. 19
40
:
common
$3.40
i
,
50
r ■:
>
46.
Mr .34
33
43%
15%
preferred^.
Dept Stores
600
40 Va
Mf
45
...
*55\ r-:;; 57
13 3 4
13%
.
*26
-
•'.
14'/8 •'
,14
48 Ma
Monday
t
16%
55
13 M4
90 Ma
"99
•
•*
6
111% July
2
'.
1,800
A
Jan
112% Mar
Sep
20
$3.75 preferred—;
1 1,200
90
*39 Va
19%-j>.
*92 Ma
40
48 Ma
40
98 Mi
share
per
18%.
'*90 Me
211/4
-♦38
Y
:j
48%
Saturday
1
*22
•
92%
56
•
34
■
I
22%
16 Va
*55
13Mb
90
20 34
,
40 7*.
99;
16 Ma
>
48 Ma
:
48 Ma
-
Jan. 17
34"/::
22 Mb
22 Ma
90
x
21%
y
*97
'•••
Mi'"
40 Ma
.
*40
40
22%
•17%
*55 Mb
13%
90
93 Va
■
v
23--
49
46'* V 46
46
34 Va
23
ITS
Mi* v.;
2?:%V:-
34 Mi
20 Ma
*89
<26 v"-v
46«/a
22%
*48
""
>'27 Ma
34 Ms
93'.
95 1
41'a
'
/.;■
90
-
40%
41
i
27
;
*45 Ma
19'a
Ma,
37
xl09
Jan
67"Mb
:
Feb
20%
Not
9
26% Nov
1st .cum
26M4
U%
Oct
30%
Jan
8
Deo-
11%
:
35% Nov 20
7'U
600
26 Vi
46% May
Sep
"7%
11
63 Va Jan
May
,
Oct
Not
3%
13
18 Mi July 23
$6
36%
16 Mi Dec
May 17
Jan
12 Va
I
34% Feb
31
Apr
17
*8% Feb
Sep
Aug
16%
Oct
26
22
277/b Feb
8%
4
Dec
7
24 Mi May 27
Corp.—
60
26Mi
14
.No par
18
32% Feb
•
Master Electric Co
-——1
Mathieson Alkali Wks com__ -No par
112
-
14 Ma Feb
19
May 19
97 Mi Dec
1
Jj) Co_
Corp
*111
•>
20 Va"
:
j
(Glenn
2
Not
626
Jun
620
10
May 19
22 Mb
100
preferred—,.
34'/4
;•?.
*92 ',v
21
20
9
Dec
12 Mi Jan
500
17
19% May 28
6% May 20
3;
.No par*.
preferred-
$3
37 Ma
May 17
6
lOOi
pfd.
Cq com
200
A' 26%
*88%
90>/a.
Jun
/
Apr
'
41'%"
23%
.
Ma'"
*22 Ma'
19
34
•
120
&
43
26 Ma
17%
14 Ma May 19
39 Ma May 17
30
,1:
;
6%. prior
43
~
*27%':" '27%;
,
Deo
455
w-1
_
6.25
111
-
-
r
13%
50
Co
Corp
43
37.
'•
'90
•
*86 %
111
27 Mb-
i*88
M
A *40%.
87
10
30% May
1
<
-No par
10
4,800
Ry
Masonite
2,400
38Mi
85
*17%
Sep
18% Aug
a
Corp
Martin-Parry
1,200
-
Mi %
Martin
800
175 Va
*42 Ma
112
*111
4
2,100
87
43 Ma
43 Ma
St
Marshall Field
38M(
87
Sep
16%
19
175 Ma
10
12 Va
Mar 28
111
14
39
87
1
6
19
3% Jan
Market
:
30%
*83
Oct
15 Mi Feb
21 Vi Mar
10Mi Dec 27
10
9 Mi Dec
Midland
23*
29'%
,V.
27%
M
y
23
10 %
38
•
233/a
31
87'/a
-
10 Ma
106%
11IV.
99 Mi Dec
No par
-
Jan
May
11% May 19
16% Apr 14
100
22 Mi Dec
190
56 Ma
178
-
65
1
33%
88
Nor
Exploration-
1,170
v
I8V2
31
38 Ma
88
10 Mb
*111
23 Mi
37%
5
13,600
*175
32 Ma
87 Ma
*83
111
23 Ma
7
.No par
Oil
4,800
r
17
*56
41% Jan
Maracaibo
Marine
101 Ma
18 Mi
18.%
57
76%
30% May 19
Manhattan ShirtMarathon
16 Ma
%;, 24%
17
56
178
85
87 Ma
,
43 Mb
111
39%
'.;v*27%;'
,?88.
88
83
,10 "a
*42 Ma
88
17 Ma
18
57%
23 M»
16
101 Ma
Oct
Mandel Bros
5,500
.
24
■
101
16Mb
>'•
19
57 M4
39
88>/a
.
38 M4
87 Ma
85
'
.
*88
*18 Ma
23 Ma
23%
39%
39
v
88
*83
*10
;
•
32%
*175
-
24 Ma
101
17% *
16M8
16
24
V-,
102
*100M2
100
100
15 Ma
.;
38%
Co
3,800
7 Ma
/
21
100
6,000
Jun
160
Oct
A
RR
Sugar
42% Map
Bep
Deo
60
300
7 Ma
22
Manati
2,900
33
140
152
(The)
Mahoning Coal
8 Mi
*9
24 Mi
Ma
550
8'/4
9%;
*24
6
.!
7
*480
; 8MB
22
Apr 21
Nov
41
26
Square Garden.
Magnavox Co
Mar 12
Nov
41% May 19
.No par
com^
Magma Copper—
23 'A
22%
7
1,500
2,000
11 Ma
6 Ma
22'/4
7
,
12 Mi
17%
11 Ma
*9
25
6%
series
17 Ma
34
134
.No par
Co Inc
*11%
*
'
Macy (R H)
4 Mi %
pfd
17%
*480
,
10
100
com_.
Trucks Inc
HM'a
,
9 Mi
Mi
*24
12
Forbes
17Ma
8Mb
Ma.
Mb
6
22 MB
7
9
9'/4
25
*r
6 M«
22'/4
7
8
8%
"*11 Ma
550
*480
550
8Ma
8 Ma
25 A
6%
A
22%
11%
9%
'*24
7%
>
550
8%
26
7 Mb
18
*480
■rM8:«f
••'
qVa
<9%'
*24
12
18
11%
V* 18
*11 MB
&
preferred
Mack
3,800
*34
103'
MacAndrews
;
-**12
,,
*38
143
51
35Mi
,
39%
r
27% Aug
13 y* Sep
Oct
49
32%
108% Jun
9% .Oct
May
114% 3an
v
22
-
Jan
65%
Feb
70
Jyn
Oct
33%
A" 59
25%
Jan
Oct
62 Va Jan
41% May
Nor
Deo
-
-
V
N
16?/8
17
23%
23%
16%
22%,
;
*28% '28%-
,.16%
23
16Mb
;.'
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28%
*28 Va
16MB
28 Va
16%
16Mb
23
22 VI.
22 Vi
28%
28 Ma
28
16%-: ;.'.f 16 Va
22 Mb -22 >/•"'.. •A' :*22Vb
'28
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-
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10 VB';'
10;,
13,%
V
13%
33
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169
-
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9 Ma
9 Mi
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A "9 A.
9 Ma
Va, 13 Ma
33
10
.
:30Mi
169
.
12%
*32 Ma
:
.
•30'
169
10
123/i
,
331%,
30 Mb
29%
*168'
»-
.
170
,'A
•A
10
V
12Ma
•
♦32Mb
,
IOM
13
'
A
29%
170
'
*8%
40%
8
%
12%
23%
23
"
23
3i
8%
SVa
; 4o,%.
39%
VV»
8 Va
40
8%
: -.8
12Mir>
For. footnotes
12 Ma,
see
123/i.
page 28.
*22%
*8Ma
39
8
23
8%
39%
*31%'
"29 VB;'
167 Vi
Ma
12 Mi-
a'22.%
8MB
"8%
8 Mi
8»/b
,12Mb
..12%
39%.
A 37 "
Mi
8VB
12%
12A"--'
8
-
6,000
167 %
22-% A
•A,*22
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8
8
VaA:
123a
.
V4
3731
37%.;/
.
A.'
.
600
-
-
168
*165
8
12%
■'
7,800
200
National
1
—1
8% Dec
10% May 19
National Battery .-Co
—4
—
National Biscuit .Co commonL—. _10
.'
7%
National
Can
4,800
National
Cash
2,500
Nat
9,300
National
Nat
100
preferred
Bond &
Share
Corp
Corp
•.
Register.
_10
^_No par
—1
City Lines Inc_.
Container
L.No par
Co—
__1
24 A Jan. 13
:
30
>27
Jan
13
165
Dec
30
2lVaJJun
Jan
7
6;
6
14% Not
347/b
7
10
Sep
20% May
13%
Deo
28%
Jan
34%
Apr
34
Dec
34Vi Feb
18
15
10
26% Feb
13
8 % May 19
13% Feb
7
May 19
43 % Dec
31
7% Dec 29
Dec 26
13
14% Jan
7
15 Va Oct
15
•
Sep
21
14
27
33
-
Feb
16% Jan
r
Jun
;
13
23
"27
•16% Feb
12
9 Vb May 19
—5
400
12%
:29% Feb 13
Inc. —1
2,000
••'•
.19% Feb
May 24
May 19
Automotive Fibres
8 Vi
8%
May 19
21
Co
National Aviation Corp—
.22%
38
14
19
_1
—
National Airlines
2,100
22%
•
-
"3.100
8 Vi
.
9%
—5
St Louis— 100
Corp_-
Nashville Chatt &
National Acme
V'lovs
!.
Nash-KelTinator
1,700
12.3i" C •A-A 12 Va
12%
32Mb", a:; A,* 31 Ma :;'32%
29
29%
28 Ma
22%
37
210
28
10 Vb y y
'
*22%
22%
•*
yy 12 %
-
.
.
15,500
AVl0Ai;
33%
29 3/i,
*167
-
A'A ^'4
^ lO Va
■
.
.*,10%
13
32 5/a
33
"
*'30%
9 Mt
8 Mi
10
,
'
*167 Ma
.
16Mb
187
20%
25 %
Oct
Oct
Jan
37% May
Not
205 Vi
Apr
22%
Oct
32%
Ap?
9%
Not
21%
Feb
31
Not
45%
Jan
•13
Oct
24% Aug
180
23'
24
(444)
THE
COMMERCIAL
IYORK
NEW
LOW
Saturday
Monday
Jan.17
t
28%
per
share
13%
29
SALE
t
per
*12%
Jan. 22
# per thare
13
12%
t per
13
*12%
28%
16%
28%
28
16 y«
28%
28 3/a
29
15%
16
20%
15%
15%
15%
16
20%
20
39%
43
19%
20
43
*39%
18 'A
18%
94%
•93
32
112
ll3k
•93
•170%
173
141
**7%
140
7%
17%
'
*17
*11
73/8
90
24
24
21%
22
92
88
21%
47%
129
23%
22
22
22%
22%
1,200
National Sugar Ref Co
20%
21%
91
91
*243/4
20%
18%
14%
*30
98%
*97
98%
12
11%
94
43%
*13%
13 3%
11%
11%
300
173/4
17%
17%
17%
1,700
*29
*97
98%
11%
800
Newberry Co
*97
93
100
*90
94
43/4%
11'%
11%
11%
*90
42
42
423/4
42%
42%
43
22
23
22
22%
22%
22 3%
92%
•90
92%
90
90
*88
1,900
21%
21%
21
21%
21%
21 %
383/4
39
39%
38%
38%
38
38
14%
-13%
13%
14
14
127%
13%
44%
14%
21
52
21
49%
13%
46
44%
126% J27
127%
'
14%
451/4
126%
r
•*14%
50
*190
14%
*14
*19%
213/4
51%
*50
51%
*175
50
14%
irC-s
50
*46
23%
91%
V,
22%
91%
\ '15%
22%
91%.
15%,
15%
;
91
15%
*91
22%
15
86%
86%
86%
*22%
23%.
*35
36
*58%
58%
*27%
28
27%
15%
16%.
9%
22%
223/8
ia%.
4,300
9%
86%
12%
51 >%
86
86%
12%
12%
12%
*6%
86 'A
1
363A
36
6'A
*31%
*31
31%'
31%
31
98 3/«
*97
98 J'a
*97%
30'A
28 Ya
29%
28'/a
18%
*17%
18%
*173/4
18 Ys
*17%
25%
96 Ya
*98
99%
*98
99%
22
21%
29%
29%
293/4
29
28
28'%
152
152
*152
j.
153
154i/2
21%
22
*81
153
,21%
86
67
67
Monday
14%
15'A
*12
13
69
69
40%
t
per
40%
14%
*151'/a
154Y2
*201/2
2IY2
107
6
38
98
Dec
24
100
10
July 25
Feb
13
Mar 11
Nov
22
Sep
109% Aug
43% May
103 y2 Nov
110% May
106
Deo
113
16%
104
Deo
Deo
25 ya
Apr
45
Jun
x873/a Dec
17
173/a Jun
9
preferred
100
13
York
Dock
Y New Hav
52
150
Power & Light 3.90%
Dec
230
95 Ye
Oct
109%
18%
Nov
34%
Apr
10
36%
Oct
69%
Jan
3
13%
Oct
35%
Jan
50
137
61% May
19
15
26
Sep
30
79
Sep
4
lfly*
Deo
37Vi Feb
26,
.
Dec
Dec
20% Feb
May 19
11% May 19
19 } Apr 19
No par
8c Hart BR Co—\
3
20
22% Feb
18%.May 19
No par.
common
preferred—
non-cum
100
__100
No par
Jun
Feb
Oct
26
80,
-City Omnibus Corp
Oct
46% Feb
102
32 y8 May 19
12
May 17
1
S
21%
Oct
41% May
63%
Oct
76
May
JU
323
Feb
Aug
<2% Jan
Nov 21
290 1
Nov 29
25% Sep 17
107
Mar .1
Fab II
171
135
Jun
'
;./15%
pfd—100
'•
•84% Dec
1
29
10% May 21
16
Sep 26
102
' Deo;
11% NOV
113% Mar
28%
Feb
Elec'&Ga»-Corp—Y''Y.Y
$3.75 cumulative preferred
100
80 % Dec 31
2.50
~
237A Nov 13
56%.Dec
26
Dec
10
:
Gas
Co
—
6
fv
30
.*
HM0% Fab 17
83 % Dec
25
.
,
30
Dec
—
41%: Sep
72% May
•".•v
5
30% Sep 17
XB% Jan
1
6% May 16
100
.
23%
9 Ye
111
Oct
39%
Deo
16%
Jan
Apr
Feb
117
May
36
Jan
115% Jan. 11
30% Nov-
6
13% May 19
8
22% Fab
I
16%
Oct
102% Fab
17
96%
Deo
22% Apr
253/4 Oct
2
18%
NOV
56%
44
Oct
65 Ye
9
(Minn)—
pfd $3.60 series
Pharmacal
64 % Nov
16% Dec 26
;
:
10
—
100% Aug 19
25% Oct 20
1*3 Ye Jan U
33% Dec 12
f
r
"
Co
Natural
86
*83
87
No par
79% Dec 31~
11'
Aug 20
19% Aug 20
25
33
Jun
6 3/a
Co.
12
12
45% Jan
I
Dec 31
13% Feb
11
Dec
18% Feb
6
10
104% Nov
;
Jan
6
Jra
Nov
19% May
16%
Daa
23
Oliver
•68%
67%
Jan. 22
Otis
Elevator
6%
preferred
Outlet
f per share
143/4
14%
14%
*14
143A
*12
13
12
12
69
*67
69
50
40
40%
40
Pacific Coast
1st
May
40
40
18'%
18
18
*18
18 3/4
200
35
35%
35
35%
35
351/4
5,800
53%
53%
53
533/8
53'A
53'A
53
53'A
91,200
Pacific
34
34%
33%
333/4
33
33%
33
33
2,000
Pacific
96
96
94
95
95
951%
140
141
144
140%
5'%
5
51
•
48 VA
5
m
,
51%
48
4%
49
•
2nd
4
5 Va
5'%
48'A
4%
43/4
4%
43/4
4%
4%
93%
9'/«
9 3/4
9'%
9%
15%
9'/a
*15 3/4
16'%
15%
16 'A
*15'A
49
4'%
9'%
*92%
93
7%
8'/a
75%
102
75%
102
49%
48
94
93
>7%v
75%
*99
,
15'A
76
75%
♦99
20%
19%
19%
40
39%
39'%
2'A
2%
30%
31
*28%
29
7%7%
7%
7%
*"oya
10%
*10'A
103A
**?5%
36%
*35%
36
40'A
403A
6'/a
6'/a
14%
14%
18
17%
31%
2
19%
39
2'%
234
307/a
30'%
7%
93%
93%
7%
73/4
75%
*28'%
7%
7%
10%
10%
*35%
•
5
6 3/8
•6 Va
14%
14
14
14
Oil
17%
17'%
17
31'/a
31
31
*31
♦111
115
*111
41
40 Va
6%
6 VA
17%
18 'A
463/s
46%
115%
1153/4
46%
*43'%
46%
116
46%
3/4
88
11%
11%
11%
22Y8
22
22%
22
22 3
*44%
88
11'/a
8
*28%
29 %
*28%
29%
*99%
100%
*99'%
100%
39%
73/,
10
*35 "2
-
40'A
6'A
*14
16'%
7%
10
36
40%
7'A
10
33% Feb
18
26
Oct
39%
158
Sep
Park Utah
Parke
163% Jan
18
28 Yi Feb
8
03
Jan
4
863A
Oct
111% May
80
July 25
69%
Nov
100
&
197/a
180% May
35
Jun
Deo
Year 1946
t per thare
16
May 28
Jan
Sep
Lowest
24
19
Feb
1
80
16
24
Oct
17
Highest
% per share
10%
t per thare
Oct
19%
12 Ya
Deo
25% July
49
NOV
86% Mar
46%
Dec
48
36%
Oct
47%
Jun
29
62% Jan
11
54%
Sep
67%
Jun
25% May 19
89% Feb
19
28 %
Oct
48
C
Apr
I
122Y4
Oct
160%
Jun
ii81% July
M% Feb
50% Nov
x89% Dec
11
131
30
168
Feb
8
164
Deo
>3% May 16
7
Feb
13
5
Oct
18 %
Nov
5
7'/4 Feb
13
5%
Oct
12%
Apr
Feb.
8'A Dec
6
13
May 13
14% Feb
21
11 ya
Deo
27
Jan
.41% Dec
Inc
13
Oct
20%
Apr
55
Nov
37% Jan
66%
Apr
Dec 31
109
90
>;
V: •• •'*.:
I
12
Mar 24
5% Jan
13
9% Feb
7
58'% Jun
10
79% Feb
18
96'A Dec 31
193/4'Dec
1
37
1
1
July 18
% ft
.
2'
5
Sep
4
Dec
4
No par
331/8 Dec 31
2.50
Co
34%
40% Jan 13
100
.
503/4 Oct 20
18
'L
100
._1
preferred
Dec
129% Jan
213A Jan 10
common—No par
14'A
1,500
Penn
2,800
Penn-Dixle
32
200
183A
17%
18'%
46%
46%
46
46 Va
116
115
.
115
43%
*44%
88
88
*88
90
11%
10%
10%
10%
10'%
21%
22'A
21%
22
213/4
22
7,400
,
24,400
1,500
240
46%
89
11
28
*99%
28%
100%
27%
101
27%
101
281/4
*100
10%
10%
10%
10%
10
10
15'%
*143/4
15
14%
14%
50%
51
50 V*
51
50%
50
44%
49%
44'/a
43%
443/s
43'%
43%
42%
43%
41'%
42%
41%
53
53
52%
*98
53
52%
52%
99%
99
99
10
*14%'
521/4
*98
28'A
102'%.
10'A
28% May 20
25,800
600
10
1,900
15'%
800
4,300
42'%
16,600
53
Airlines
Penn-Central
Coal
Coke
&
Co
109
July
32% Jan
63% Jan
100
43A
,66
Deo
111
14 V4
Sep
.'90%
690
50
5% Dec 26
13% May IB
Oct
110
2
273/*
Oct
'39% July
62
Nov
4
6
3%
9
,35%
21
14% Feb
11
26
4\\c/'o
Co
2nd
Co
Petroleum
Pfizer
22Ya Jun
Oct
Deo
24%
Jan
11
40 Ye
NOV
67%
Jun
4
12%
Deo
48% Feb
453/4
Jan
16% Oct 20
6Y4
Oct
16%
Feb
27
17 Ye
Sep
30Ye
Jan
Apr 16
28%
Feb
15% Jan
24% Feb
36
110
373/4 Aug
115 Ya July
Jan
10
117
Jan
29
Dec
6
22
Jan
6
20%
Sep
5
26% Feb
5
25
Sep
47%
Feb
May 13
51% Jan
6
37 Ya
Nov
51 Ya
Deo
1183/4 Sep
2
38
100
5
100
111
6
45% Dec
6
55% Nov
21
43
Jan
68
May
81'A Jun
5
101% Feb
13
86'A
Nov
115
Feb
I
14
Oct
51 Ye
Apr
Jan
21%
Sep
40'/a
22'%
May 19
Dec
5
May 13
99
Dec 31
5
—1
:—No par
Jan
8
23
No par
27 Ya
Dec
100
Corp of America
preferred
12
20
Dec
Phelps-Dodge Corp—
25
Philadelphia Co 6% preferred—50
$6
Jan
Oct
11%
May 31
38 Va Nov
Sep 25
No par
common
Brewing Co
(Chas) & Co Inc
Apr
15% Dec
33'%c
preferred
Pfelffer
•
48% May
35 Y. Aug
18
100
(Chic)
Pepsi-Cola Co
Pet Milk
29
Apr 15
May
xl07
50
series A preferred
Peoria & Eastern Ry
7
--
7%
Jan
34% Feb
82
Sep
Jan
15 %
Apr
105 Ya
100
Pennsylvania Salt Mfg Co com—10
Peoples G L & Coke
Dec 29
Jan
8
4% Jan
.43
Apr,
Deo
No par
Power
Pennsylvania RR
3'%%
7
8% May IB
32'A Sep 11
383A May 27
1
com__No par
preferred
& Light Co
Penn
No par
10
7
Corp
Corp
Cement
Glass Sand Corp
Penn
No par
5
No par
Peoples Drug Stores Inc—1_
200
1,000
•50'%
99'%
.
5%
115"
.
18%
18
15
53%
63%
18%
*44%
(J C) Co
Penney
16%
17%
115
Transportation
6%
10%
99%
4,600
1,800
Mar
24
18
Refining
Patino Mines & Enterprises
Penick & Ford—
161/8
15%
53
403/4
18%
,
Parmclee
1,200
'1,300
Jan
17
-lo
Parker Rust Proof Co
141/4
52
*98
7%
Apr
43 Vt Jan
Consolidated Mines
Davis
Feb
24
Jan
No par
Pictures
Feb
46% Oct
/Park & Tilford Inc
6'A
15%
convertible
14'A
50%
28.
Inc
Cos
16%
15'/z
page
400
36
40'A
523/4
99%
51% May
120
3
Corp
Car
Prod .&
Paramount
2,900
10'/«
10
52'A
"98
2'A
*35%
•15%
see
4%
100
19
*87%
88
13
10%
-
29
*111
18
18
*42'/a
Dec
X33% Dec 26
preferred
Panhandle
Paraffine
52,500
*28%
115
19'%
17°%
*87
•
10
28%
*111
18%
88
''h 4%
-5,800
115
19 Ya
18 '/8
46%
19'A
♦31
17%
*44
''
v
30
32
18 Ye
*87
Sep
25
10
Panhandle East Pipe L com__No par
800
2'A
*31
19%
116
102
*38
32
18'A
117%
"
29%
6%
19 Ye
1153/4
xll3
93/4 May 19
2'%
Pan-American Petrol & Transp—5
9,400
75'A
19
180
-
.
2%
41
18%
46%
*99
19'A
393/4
r
■7%
30'A
17 'A
46
95
JBD
6
18
60
& Teleg common—100
Motor
177/a
No par
No par
Corp
Western
Jun
36
xll9% Jan
25
Corp of Calif
Lighting
Packard
2,700
2'A
14%
17%
,/
NOV
Highest
10
10
No par
No par
,Pan American Airways Corp
300
29%
■28%
36%
6%
46
102
19
10%
36%
14%
115
10 Ya
Range for Year 1947
common
Mills
Pacific
21,100
47'A
.
75
*38 Va
7%
10%
*351/4
40%
'111
4
'
"40 Y4
40 Ya
75
*99
23/,
28%
47
75
19 Ys
31
Oct
t per share
preferred
100
Pacific Tin Consolidated Corp—i-l
24,600
9'A
15 Ye
*93'%
7%
8'%
39
Va
29
47
102
30%
*28'%
47
93
7%
102
39'/2
2%
49%
93
8%
Nov
Lowest
;
48%
18 Ya
99 Y4
Jan
Range for Previous
6%
4,700
4%
-
Finance
Pacific Telep
-
4,100
43/4
50%
Feb
Sep
19
17
Nov
29% July
22 Y4 Jun
28% Feb
118
Nov 28
Pacific Gas & Electric
190
9Ya
50
7
68
preferred non-cum
Pacific
230:
141'%
4Ya
16
220
141'%
9 %
*153/4
Feb
21
37%
112
30
84
non-cum
Co
preferred
*18
140
July 23
13% Feb
7
12.50
Pacific Amer Fisheries Inc
50
*67
96
Jan
27Ya Dec
107
30
May
15% Sep
24
May
149'A Oct
191/2 May
Par
.1,000
13
140%
Dec
15
Aug 28
Shares
69
*94
22
EXCHANGE
I per share
18%
95
31
—No par
Co
35%
140
Dec
86
.—2.50
Owens-Illinois Glass Co
18%
95
Mfg
Feb
NEW YORK STOCK
*12
40%
8c
19%
7% May
—100
Outboard Marine
Jun
23
93
No par
common
Sep
108%
35'A Dec
38
173/4 May 17
100
Corp
Bales for
Jan. 23
*67%
42
preferred
30%
18
14
18
20
No par
common
convertible
the Week
Friday '
13
*40'/a
pfd
9
111% Feb
Apr
STOCKS
Thursday
14%
4%
(The) common
6
8%
convertible preferred A__100
Oppenheim Collins
lo
2,700
67'A
Corp
4 y2%.
Elec
&
Gas
22
31
21
No par
Dec
91'/a Dec
IOO
*
Co.
Omnibus
27
8
common
preifcrren
Oil
Oklahoma
20
68
*83
69
Edison Co
4.411 <>,.
Ohio
800
I per thare
143/4
40%
53%
13
50
Ohio
>
50
21%
69
19 Ya
99%
100
4.6%
3,700
154%
Jan.21
20%
For footnotes
18% Feb
Feb
28 '/a Nov
Sep
35%
"138
8%
*98
105
Oct
18 Ya
35'A
9%
*52'/a
1
100
30%
35%
*18'
43/4
10%
Jan
Northwest Airlines Int common—10"
800
21%
Wednesday
share
51%
30
32%
27
Cum
•
,
*68
49'%
100'/a
99'%
*12
Ya'
5 Va
10%
*98
*151'/2
86
67%
Jan. 20
share
50 Va
*28%
28
21%
*81
Tuesday
Jan.19
per
5;/
*98%
Oct
1
I*OW AND HIGH SALE PRICES
48 V4
22
18'A
Northern Pacific Ry;
1,100
22
51%
123A
17
26
Northern
-
180
*213/'»
50%
47'A
Feb
24% Feb
Dec
32% Feb
North. American
-
5,800
95/a
*98
5%
117%
25
99%
5%
*46%
15
18% May 19
13% May 29
Norfolk & Western Ry com-—?-:.:25
400
97
'A
9 Ye"
22
54
115
24
*96
9%
22
,
34
32%
24%
96Ya
18 %
*98
33Y4
31%
Sep
NOpco Chemical Go———J.——
.
'
90
99%
53'/a
"29
24% May
Nov
10%
1 Noblitt^Sparks Industries—
24,900
22 3/a
34%
102
42% May
4
443/4 Dec
1
500
i
'
29%
54
*98%
24 Ya
96 Ya
;«9.%
10
31
*213/8
I
79
10674 Mar
Oct
14%
No par
Norwich
983/g
21%
'»
*75%
Jan
Nov
Nov
21%
13
preferred
1,700
29
30 %
Jan. 17
93
*30 Y4
21 y4
I per thare
51%
,31
30 %
v
Saturday
*50%
*92%
25
11%
89
24
100
10
common
1,200
t
24
Apr
8
N Y -State
50
6'A
12'A
23% Dec
Sep
38
13% Jun
cumulative preferred
Northwestern Telegrapi.
Nor walk Tire & Rubber.
36
■
v
6^8
12%
Dec
22% Dec
N Y
12,600
36
.
25%
9
12% Dec
.Preferred 5 % serieu A—T—i-_100
j 5,500
98%
97/a
17
13'/2
22'/2
29%
24 %
*16
13 Ya
29%
96%
140
6Y8
12%
480
10
Feb
101% July
17
'NY Shlpbldg Corp partlc stock
18,200
86'A
-
Sep
35% May 20
f $5
16,300
"te
22%
-
98%
30%
97/a
68%
*116
5%
12 Ya
12
24%
67
*111
6
12
96%
68 %
'11%
*35'/a
6%
12
9%
953/4
86'A
36
363A
245/8
35%
86
13%
96%
68%
*17%
86
~
22 7A
93/4
21'%
2%
19'/»
75
28% Jan
Mar 18
2'/a
l'/e Aug
20
11
1
20,900*% Ncrtft5'American' Ad»u.n : i
|
10
Northern Central RyCo——1~50
27 Y.
18'/a
13 Ya
25'/a
85
31%
*28%
27 Ya
19'A
2
Nov
7
:
18,500
L
95
20% May 20
;:'400',:7Adiustment-preferred—l25\
86
:
27 Ya
22 %
96%
19
9%
27'A
14
93i
40%
*84
;Y-
15 Y«.
.18%
23
24 3/8
13 ;•
15 Y»
•
9%
-87
13
96 Ya
69
'
600
3,700
41%
Sep
29% Jan
173/aFeb
N Y & Harlem RR Cot.
600
;
10% Aug
Oct
24
N
70
57Y4
27'A
!
213/4
*17 3/4
21%
*39%
i ..*85
22
12
18
85
20
86'/a
25%
15%
15%"
13'/.
6%
83
8%
1,700
Nov
Nov
.
;
300 " 1
•'
35»/2
27%
-
:
■9%"
22»A
7
22
9%
*
6%
20%
%#'
10
153
871/4
57'A
-
27% '
125/8
*35'/.
12%
83
4%
86
97%
21%
-
22
36%
7%
12%
86
22%
303/4
"138
4,900
f
16'A.- .C
35 Ya
-
88
7
31
l%Jan
743/4 May 26
21% May 17
12% May 19
10
com
common
(J J)
Northern States Pwr Co
213%
21%
355/8..
9%
19 Y* -
*35%
30%
34%
90'/2
*21 Ya
-21Y,
•
-15%
.
.
28'/a
30 Ya
*95
..*27'A
..
87%
18%
18
*52%
♦84%
27 Ya
29 3 4
35%
21 %
*86%
Pa
Apr
108% Jan
New
*
600
y
30
1
19%
18%
*18
Y-*2i%.
-.35%,
9%
28%
22%
36%
100
87'A
".,.57-Ya- -.57%'
16 y».
19»/a
30%
*40%
9Y»<
27%
18%
15
15'/a
19%
30%
69
..
.
28%
:
98
*12
•• -
19
98 %
*21%
22%
27%
:
31%
"151
•
•27'A--: 27 y2
88
*97%
*98
58%
9%
*31 Va
257/e
35'/*.
58"
93%
"85
98%
*9%
35 y4..
16 y.
32
♦96
22%..
287/
*97%
:•
22%
58
153/4
86
86 %
87%
36
"27%
' 9%
r
*84%
•85
V*
18
Jan
Jan
26
100
200
15%
12 Dec
8 '/a
28
23
700 .'NY
*89%
15%
Apr
N Y Chic $1 St Louis Co com
6% preferred series A
;
2,300
21%
90/
58
*31%
'
89%
*14'/a
"35%
58%
19%
12%
91
15
22%
35%
28%
19%
•86
*6%
91
15
87
-
35
87
28%
22
22%
21
91%
V58-
>
»Ye
87
*35%
21
/15%
*85
27 %
16%
16%
*'
21
173
Newport News Ship St Dry Dock
1
York Air Brake.
No par
New York Central
No par
:
•85
'iV
'223/4
Oct
8
New
•'
23%
X149
16
11% Dec
213/4
200
28
27
95% Dec
14
*18
200 7.7 200
-
220
3,200
.
125
14
21%
.
•
44'%
124%
125%
*18
200
44
443/4
124%
14%
213%
*50
200 '" 200
230
46%
127
14%
*18
14
44
167
Dec
63/4 Jan
15 % Dec
No par
preferred
4%%
20,900
*47
■
-
1,000
47
136
1
par
Apr
20
10
90
213/4
383/4
AJ%
July
40%
Jersey Pr & Lt Co 4% pfd__100
Newmont Mining Corp
10
Newport Industries common
1
2,100
-
21%
45
207
New England Elec System
7,000
43
23%
*90
Dec
New
23%
92%
Sep
-100
serial
conv
33A%
94
42
23%
27
178
10
Neisner Bros Inc
29
98%
11%
113/4
94
100
106
14'%
1
15
No par
29
•14%
Jan
36% Dec
25
Corp
*104
14%
33 'A
108 '/a
190% Sep
No par
Co
30
I
Oct
Oct
30
Co
106
*14%
"104
*90
Nehl
16%
102 %
No par
Tea
Natomas
2534 May 20
2
15
Feb
Dec
Natl Vulcanized Fibre Co
1,900
11%
29
•97
94:
13%
ex-dist
preferred-
National
500
11%
106
283/4
11%
*90
;
13%
14%
*104
4% %
240
25
18%
*143/8
30%
*24%
13%
17%
106
24%
LI
107
165
Corp
National Supply (The)
15,100
20%
91%
24%
11%
*11
14%
*104
20%
91
20%
*90%
25
13%
30
19%
91
25
18%'
*143/8
21%
*90%
25
Lt
&
Steel
25% Jan
31
100
B
22%
21%
15
preferred
23%
39
21%
*200
6%
Power
Dec
100
A
National
\l
96
10
common
preferred
Natl
}«
21%
129
15
Co
7%
2,600
%
U
39
*21
Lead
38
14% May 19
No par
2,200
98%
14%
47%
•
National
120
40
14%
,
130
21%
*38%
Jan
Jun
1
preferred
conv
87 %
106
23%
673/4
87 %
30
*90
NOV
87%
14%
24%
313/4
87%
*14%
93
18
89
%
11%
*90
48% Dec
88
*11%
*23%
30% May 26
88'/a
18 3/a
•
32% AUK
National Linen Service Corp
Nat Mai & Stl Cast Co
No
11%
42%
Nov
1,100
18%
11%
*90
iy%
1,400
11%
44
3
7%
18%
94
23% Oct
No par
16%
*18%
11%
Jun
No par
7%
*11
*42%
Apr
34%
16%
13 3A
*90
5,700
139%
*138
Aug
45 Ye
Nov
7%
13%
98%
11%
140
23
Sep
15%
16%
1334
•
138%
Oct
30
8
7-/8
21%
14%
*104
31
171
'
29%
170 %
15
3
*16%
13%
31
31
171
21
Jan
20% Jan
73/8
U
25
106
30%
169%
$4.50
60
f per thare
17% Feb
16%
13%
11%
•96
94
Highest
8 per share
14% May 19
17% May 19
National Gypsum Co com
8,900
17%
17%
*93
140
31%
24,200
43
$ per share
Lowest
13% May 16
26% Dec
8
5
73%
91%-
*24%
*30
17%
94%
171
"138%
19%
19%
*39%
1
No par
16 3/a
23%
*91
*104
16%
*98
8,500
*2,200
7%
873/4
92
13%
19%
43
National Cylinder Gas Co
National Dairy Products
National Dept Stores
National Distillers Prod
Nat Enam & Stamping
1,000
28%
16
16%
24
20%
27%
16
Year 1946
Highest
$ per share
?ar
Shares
*7%
■■■
89
23 %
303/4
171
141
283i
16
Range for Year 1947
Lowest
*16%
1
25
*24%
31%
7%
itf
*89
173/4
94%
1701%
*138%
17
1.0
17%
93
170%
w
140
16%
1
173/4
30%
EXCHANGE
12%
28
15%
941/4
*93
32
172
-
43
17%
94%
31%
20%
*39%
18%
32
*140
19*%
43
123/4
Range for Previous
NEW YORK STOCK
4 per share
13%
19%
*39%
20%
*39%
:
Jan, 23
share
'
Sale* for
the Week
Friday
Monday, January 26, 1948
RECORD
STOCKS
Thursday
Jan. 21
share
STOCK
PRICES
Wednesday
Jan. 20
*12%
13 '/a
HIGH
■//■Tuesday//■.•,•/
Jan.19
• per share
:/■ 13
AND
CHRONICLE
FINANCIAL
&
8% May 17
13% Jun
37
9
May 14
36'A Apr
14
49% Dec
4
97% Dec 24
22
34% July 25
Jan
4
28'A
Sep
108% Jun
2
105%
Sep
«Ye
Deo
34
Jan
43% Mar
109
U%
Mar
Aor
12
Dec
22
18
Oct
8
13
Apr
16 Ye
62% Jan
2
35'A
Jan
80
May
22
29 Y<
Sep
X48
May
483/4 Dec
59
Mar 20
109% Aug
5
51 Ye
107
•
Feb
Deo
76%
Jan
Deo
117%
Jan
*
Volume 167
Number 466?
COMMERCIAL
THE
Ifttnrdty
24
Thursday
Jan.21
Jan.22
24
share
22%
*23
105
thare
f per thare
22%
22
23%
23%
104%
104
93%
92
92
14%\
14
14 %
14%
14%
30%
27%
30%
29%
29%
88 %
88
88
87%
88
27%
27%
*88
27%
27%
92
14%
6,300
Phila &
28%.
6,200
Philco
88
87
87%
26%
2 7
27%
28
87%
*85
90
88
*85
88
*38'A
39%
38%
39
*37*
38%
*£7%
90
*87'A
90
*67%
90
*87%
57%
59
54%
*12%
26%
14
*12%
*34%
34%
102%
*101%
102%
*101%
102 %
*101%
*97
*97
12%
13%
*87'A
88'A
28%
160
*37%
38
9%
37
37
500'
89
10
*86%
59
55%
56%
56%
14
•
87%
*12%
13%
%
*87 %
*12%
*33%
34
102%
102 %
*102%
103'/a
*102%
*97
13%
«
13%
28%
28%
28%
29%,
16%
16.%
15%
16'A
160
160
■;
150
*158
>
162
37%
37
■
*145
9%
37
*140
85
83
84%
*79
80
79%
79'A
16%
17%
162
*158
■7V'>9
13%
:>;i 3
13%
82 3
80
17
17
*139
30
30
30%
30%
29
*10%
10%
10%
10%
43%
42
43%
33%
33%
33%
14%
14%
13
44%
41
*33 >
33%
*33
*15
15%
14%
14%
14%
13%
13%
13%
13%
13%
10
10%
<•
13
*12%
42%
*16%
29
10%
10%
43
44%
*33
33%
?
13%
'45
;
-
•
13%
>•'
300
47% !
-
i
14
141/8
■
10'A
10
10%
*33
10'/a
*33%
34%
33%
*33%
13%
9%
9%
10 %
33
33%
69%
69%
69
69%
69
69
x68
20%
20
20 %
20
20
>9%
67%
68 %
20%
20%
85
*85%
86
>32%
85
85
85%
32%
33
33
33%
21%
21%
21%
22
96%
96%
96%
106%
106%
106%
107
117
115%
116
*115'A
133
133
*110%
134
111%
96'A
*133
.
111%
51%
51%
27%
27%
26%
27%
*106%
107%
106%
103%
*106%
111%
23%
22%
22%.
"Regular
.
4%%
84
84
33%
33%,
3,000
Public
21%
21%!..: >
5,600
Pub
$4.75
C%
9
Inc
8%
preferred
cum
Service
of
Co
8%
133%
132
8%
preferred
27%
26 %
27%
26%
26%
26%
27
26,700
106'4
105%
105
500
106 %
105%
26%
26
26%
25%
26
26%
22%
22%
22%
*22%
23
*22%
107
105
f
preferred——
Pullman
Pure
8%
8%
8%
68%
*67%
8%
8%
8%
8%
8%
68
8%
8%
68%
68
,68%
8%
*96
97%
>95%
97
95%
96
96
96
95
95%
*30%
30%
30.
30%
30'%
30%
28%
30
30
30
27%
28
27
27%
27
27
25%
26%
24%
25%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%.,
8%
8%
8%
8%
!
8%
8%
(The)
96
*29%
23
v/%32%
>17%
*18%
18%
18
18
37%
37%
37%
37%
35
*33
11%
*33
11%
*101
34
*11%
*101
103
*12%
12%
123A
lf%
18 %
.17%;;
38
*37
Q
*33
34 "
*33
34
*11%
103
12%
♦11%
12%
101
12%
12
12%
13%
*12%
13%
23 %
23%
*23%
24%
*11
11%
*11
65
*63
65
13%
14
13%
*96
98
*96
*26%
27
26
12%
24
11%
*63%
12
24
11%
13%
97
Saturday
Monday
Jan. 17
Jan.
t per thare
8%
4
8%
4
4
9%
9%
24%
25 %
*9%
10
25%
25%
*103
106
17%
17%
>20%
16%
92
*90%
10
51
*43
92
92
*24
3%
3%
3%
3%
9%
9%
9%
*9%
10
24%
25'A
24%
24%
24%
104 %
*103%
24
104
1C4 %
16%
16%
90%
90'A
6%
6%
6%
6%
22
22%
21%
22%
21%
22%
102
103'%
*9
51
102
9%
39%
*49
9
9%
39%
*49
51
101%
102
9
40 %
x39 %
40%
.
51
>>/
/>:
48%
*101
101%
39
*48%
51
93
93%
93
93
23 %
22%
22%
22%
22%
> > 21%
16%
16
16%
16
16%
15%
24%
24%
*24
*24
24%
24
24
6%
6%
7
6%
8
8%
7%
24% '
i
*93
23%
•
•
••
*17%
17%
19%
19%
58%
58%
17%
23
23%
21%
21%
*23%
24%
*16%
17%
*19
19%
56%
56%
16%
16%
17%
58%
16%
16%
16%
16%
16%
!
preferred
19
19
57
54%
55%
16%
16%
16%
16%
div
Co
17
107
36% Feb
4
30
24% Dec 26
43
42
43%
?%
10%
9%
36%
36%
35%
42
43
41%
-•
9%
35%
36
9%
35%
41
43
May 16
12% Dec
4
3.60%
32
Dec
23
17% Sep
33
38% Feb
14
32%
Nov
89
18% Feb
41%
413A
>3,100
9%
9%
19
12
13
I per thare
16% Feb
34%
35%
35%
35%
6,600
35
*84
89
*80
87
*78
87
*77
£'5
*61
66
*60
65
*59
63
♦58
62
9%
:■
9%
9%
82
*81
20%
20%
112
*110%
S%
*80 %
20%
.
29%
*110%
9%
9%
82
112
20%
112
9
29%
9%
9%
81
20%
9%
28%
29%
9%
80
-
20%
9
*80
112
No par
Corp
Controls
preferred-Wks Inc
Metal
43 %
41
42%
*41%
43 %
*94%
95
*04
91%
*91
*82%
85
14%
85
*82 %
16
15%
16
*46%
48
46%
46%
*45
*16%
17
16%
16%
*16
42%
39%
41%
39%
5%
*441/8
16
40'A
37%
12%
11%
11%
28%
2.15/For
28%
•">»>
.v„
footnotes
*44%
38%
:>
5%
34
34%
11%
12%
11%
11%
11%
7%
*7%
7%
113A
11%
103% •'*> *103%
104 %
7%
8
11%
11%
:r-
*103'A
7%
11%
104
5%
7%
11%
103%
34
28%
27%
28%
27%
27%.:.;,?
31
33
32
3?
31%
32%
30%
31%
%
...
.
*
'
.26 3A
......31%
■
.
Finance Co
Seaboard
Oil Co of Del
400
21.800
>
11%
2,400
600
•
11%
6,000
>
10
Refrigerator
'
«
Sharon
i
.
."
.
►' &
Oil
Steel
Feb
16%
Oct
Nov
14% Nov 26
84% Feb
17
&
Gas
Com
13
26%
Dec
8
14%
Nov
74
Dec
101
105%
I
2
100
Oct
15
20
Oct
..
8 per share
$ per share
1
1
No par
17%
Feb
Oct
21%
24%
Oct
40% Feb
107%
Oct
118
Sep
Sep
110%
30% Feb
21
113 % May 28
__
16
18
7
97
81% May
8
9%
Oct
18% May
39
Jan
2
24%
Sep
45%
124
Jan
28
105%
Sep
186
Jan
Jan
Jan
16% Feb
7
12%
Nov;;
28%
44 % Feb
4
36%
50% Dec
11
43
Sep
Feb
46% Jun
50% July
6
100
Nov
3
19
Dec
88
12%
Oct
20% May
25
Oct
44
Apr
Oct
18%
Feb
80%
104
Feb
25% Feb
18%
Dec
31
Feb
31
10% Mar 31
—
6%
108%
Feb
Feb
Jun
—
—
12
203A Nov 24
19% Sep
4
42% May 19
24% Oct 21
17
Oct
68% Oct 20
40%
Sep
65
36% Feb 21
21%
Oct
14%
45
Sep
64
18
■
24% Feb
Feb
Apr
Apr
11% Feb
Dec
17% Deo
9
ill
Jun
9
5% May 19
65% Jan
12 % Jan
2
2
May 19
37 % Dec
23
40
18
66
Dec
Dec
Jun
Dec
Dec
Dec
May
23% May
40% Dec
92
Dec
90
Dec
13% Nov
83% Dec
57
9
80
x20
108
7'A
17% Dec
23
Mar
6% Dec
28
19
8
4
10% May 19
Dec 10
20% Apr
Jan
May
11%
Dec
12% Dec
30%
Dec
88
22
Nov
Deo
68'A Dec
60%
12
98%
26 %
5 % May 17
30% May 19
11
Oct 10
lOl
Jun
May
11
Dec 16
Oct 22
19
26
30
26
5
30
19
17
3
22
30
July 24
July 17
114% Mar
4
110%
11% Feb
8
9%
55% Jan
2
49% Jan
103% Sep
102% July
18 % Jan
15
24% May 19
94% May
116
Mar
18
Jan
53
Nov
100
7
42
Oct
61
Aug
July
2
100
9
Dec
110%
Jun
95%
Dec
102%
Nov
17%
42
Sep
Sep
97% Jan
77% Feb
23~
Oct"
99%
Apr
17%
Feb
.
20
Feb 15
Nov 24
Dec 24
Feb
6
July 14
16% Feb
8
16 % Feb 11
16% Feb
3
Jan
7
110
Sep
Nov
65
19%
43%
10%
40%
5
1
Apr
Deo
13%
39 3A May 17
1
24%
7
4
100
No par
Nov
3
110
Hlglurt
9 per thare
7%
8% Feb
—
Apr
84% July
Year 1946
ILowest
15% Feb
26
Apr
May
Range for Prevlsus
a
Dec 30
May 29
45%
27% May
Aug 11
Jan
33% Oct
102
98% Mar 3
24% Feb 13
No par
preferred
3.600.
31%.
Co
Seiberling Rubber Co
$4.50
112%
23
11 % May 19
No par
Servel Inc common
Shamrock
■
.
Seeger
Sep
Dec
t c—No par
5
Seagrave Corp
Sears Roebuck Si Co
4.500
27%,'..
v
preferred series A
Seaboard
5%
■A
5%
300
34 3A
*5%
5%
28
28.
300
Air Line com
4,700
'
39
34%
27%
page
16%
Seaboard
6,900
47
38%
27%
see
30
*153A
>.;>
Corp
100
-5
100
5
100
5
1.75
Paper Co common
-No par
$3.40 cum preferred
No par
Scovill Mfg Co 3.65% cum pfd—100
Scranton Elec Co (The) common—5
A/
3.35% cumulative preferred—100
2,100
85
15%
*5%
"
104
15%
Arms
Co__100
Scott
20
•
-
Paper Co common
Schenley Distillers Corp
180
34%
5%
11 %
*7%
*32
46
*15%
12%
11%
16'/a
16%
*12
*103%
83%
16%
35
>
83%
15%
39
34 %
7%
84
15%
45
35
11%
14 %
100
preferred
preferred—
Savage
900
94
A 5%
1st pfd 4.40% series A
Safeway Stores common
5%
14,800
■
90%
14%
16%
34%
104
•'93 '/a
*90%
14%
40
46
35%
7%
94 3A
91
14%
%
16%
4.0
/
35
11%
94%
91
14%
84
85
15%
95
91%
14%
14%
*82%
*102%
;
2,400
43%
*91
5%
230
9
43%
95
7%
9
70
;
110%
*41%
14%
11%
110
29%
91%
104
110%
x
7,800
r
non-cum
St Regis
17,400
20%,-
28%
14
7%
110%
9%
82
28%
*94%
11%
20
28%
*91
*102%
9%
,
*80
20%
29%
14%
*5%
9%
82
28%
91%
6
20
29 %
95
*5%
9%
*80
8%
*14%
,
10
c—No par
Southwestern Ry.
Louis
5%
Apr
15
7
—
2
No par
Joseph Lead
St
10
Feb
12%
9% Jan
13% Jan 16
23% May 16
5% Sep
9
25
—8
Preferred series
.
Feb
May
99
May 19
Dec 26
45
Co..I
1
(The)
St L-San F Ry Co com v t
64
8%
*91
41%
84
*58
9%
*94%
16%
84
63
8%
43
16%
112
84
*57
.29%
!
43
9%
20%
*110%
>9'>>
*75
.
82
20
*41
*40
St
f
Apr
1
11
May 19
Dec 30
May 19
Dec 30
6% Dec 3
19% Jun
9
90
May 27
9
May 19
36% May 20
10
Ruppert (Jacob)
20,800
Jan
4
108% Mar
17% Feb
4%
3%
9%
22 %
101%
14
91
1
50c
Typewriter
Co
32
Range for Year 1947
Lowest
Highest
STOCK
10
Art
19
10
29% Feb
29
23
7,,\-
Company
Ronson
Nov
Feb
10% Dec
62
Dec
12% Dec
96
Nov
24% Jan
1
YORK
conv
9
41
20% May 21
prior pfd series A—100
Oil
Ruberoid
9%
25% Aug
Apr
Antelope Copper Mines
Royal
41%
19% Feb
31
9% May 17
Oct 14
preferred
1,400
9%
Feb
Feb
50c
25
Pictures common
preferred
1,500
10%
88%
Jan
5
100
r.on"Art,ible
2,000
36%
9%
Sep i
Jan
46%
'
10%
'
Oct
par
conv
105 % Mar
S
43
Oct
28% May
115% Jun
36%
—No par
series
x|.
4%%
v.>: 7
109% Jan
i
6
10
common
Robertshaw-Fulton
600
19% Feb
Feb
69%
Nov
5
prior pfd
Mfg
19%
16%
29% Dec 23
Jan
117%
•
Sep
Co—
&
pfd 3%%
16
*16%
Nov
47%
.
33
96
56
15%
"/•
112
150
5o
11
55%
16
19%
Jun
Jun
100
19
15%
19
55
•
119%
33%
50c
Ritter
600
9
53%
Dec
*22
146% July
139% May
.
Sep
Sep
Apr 14
Roan
114% Aug
Aug 18
16%
85
300
Jan
130
40
Inc
Preferred
6,500
126
22% July 25
com—No par
100
Drug Inc
2.50
Reynolds Metals Co com
No par
5 % %
convertible preferred—100
Reynolds Spring
1
Reynolds (R J) Tob class B
10
12,300
Jan
Sep
48% July 25
39
July 14
19
/
115%
108
31
100
7%
Jun
Sep
120% July 17
Dec
—1
No par
No par
6%
30%
103
16% May 17
series
22%
Oct
5
Aug
37
Richfield
*21
Apr
67
May
105% May
41
July
50
Rheem Manufacturing Co
6%
20
27
1,600
7%
19 %
32% Dec
4,200
8
23
28% May 19
17% May 19
16
6%
55%
'
16%
24%
Mar 14
21%
'
V
20
93 %
7%
Sep
17%
13
21% May 19
106% Oct
6
24% Dec
3
15%
6%
Dec
31
2t
21%
8%
98%
2
25% Feb
93
6%
Nov
38% Jan
16%
8
32
102% Feb
11
22
6%
2
•
31
93%
6%
Feb
71%
*
50
Common
8%
.'
Feb
63%
Oct
3
preferred
Hosiery common
Bros
5%%
1,200
30
Dec
53
8
Rexall
51
Nov
38
3
61% Feb
Revere copper & brass
1,200
11%
17
114% Feb
——
Motors Inc
6%
9,900
iJ
Feb
49%
Republic Steel Corp com
30
8%
39%
Feb
112%
(Robt)
«i
30
lb
Dec
Republic
9,600
104
*8%
9
39%
92%
16% / ;>
91
Feb
43
2
100
Republic Aviation Corp—
3,400
22
22'A
16%
*89
Oct
27%
71% Nov
32% Jan
preferred
.
17,700
7
25
15% Nov 21
Jan
EXCHANGE
300
17%
24%
>
■*G%
106
29% Aug
Dec
NEW
31,500
t
91%
•
May 17
1 27
No par
1
25
$4.50 preferred
400
6%
16
'->>«
•
16%
9%
14% Oct !
51% May 19
pfd
Remington-Rand common
>, 2,400
3%
9%
22%;
/
16%
16%
3%
3%
*90%
40-%
22
'
100 %
Conv
18,200
10%
8%
92
.
.23%
23
8%
8%
8%
104
Sep f
1
Purina Co 3%%
Silk
Mheret
-
6%
104
*43
I per share
thare
17%
9
39 %
per
8%
-
Oct
20%
96% Mar
ths Week
91%
22%
*102
#
Jan. 23
8%
104%
19
27
28 %
■alse fsr
Friday
Jan .23
I per thare
25% >
Nov
29
Oct
2nd
Reo
12%
Dec
35% Oct
No par
Reliable Stores Corp
300
28
38
Dec
Reliance
2,600
14'A Jan
19
STOCKS
Thursday
July
22
15%
PRICES
Jan. 21
22
Sep
Apr
76%
$1.25
9,100
96
26%
6%
21%
9%
13%
96
26%
16%
22%
40'A
100
91%
22%
104
500
97
26
Jun
7
non-cum
7%
1,300
10%
63%
26 %
*95%
Wednesday
8%
24%
7%
%*
SALE
13 %
13%
23%
Nov
.31%
2
Reeves
1,100
17%
6%
9
HIGH
13%
23
200
Oct
4
1st
Real
100
12
Nov
13
10% Feb
4%
92
7%
40%
14 %
27%
20
4
104%
ivi
*102
63%
96
3%
105
*103
10%
63'A
13%
8%
*9 3
10%
26%
9 per thare
8%
4
8%
23%
10%
63%
,
96
AND
Jan
1 per thare
23%
11
65
13%
Tuesday
19
24
11
27%
26
LOW
12
97
*96
26%
12
*63
65
*11%
12%
24
11%
*63
14
*11%
200
28
15% Jan
non-cum
Reis
13%
23
80% Feb
4%
2,700
Jan
Jan
38% Oct
110% Jun 24
Reading Co common
<
200
Jun
8% Dec 26
94% Dec 16
1,800
12%
84%
Oct
7% May 19
33
12
12%
68% Dec 29
7,900
101
12
29
II
24
34
12
20% Dec
Feb
May
1
Ralston
200
*100
92
par
Radio-Keith-Orpheum—
1,300
12%
68% Dec
96%
1st preferred—No par
conv
Raybestos Manhattan
Rayonier Inc common
$2 preferred
18%
*12%
12%
101
*100
101
12%
18
141
.
Corp of America com—No par
$3.50
200
*33
:
84% Sep
Oct
Nov
.
1,300
38%
Feb
13
Jan
Dec
No par
30
*37
38
12%
*11%
*37
33%
*101
12 %
17%
38
*33
103
12%
-
18
*!73/4
'
,
>**37%
$5„No
common
96
'
22%
59
111
100
conv
Radio
>11,700
&
Jan
Oct
•
1
111
preferred
1,100
14 /
11
19% Dec
Quaker State Oil Refining Corp__10
27,300
,
Jan
Deo
9%
103
22
No par
S>
68%
Mar
48%
Oct
90
Deo 27
102% Dec 29
Purity Bakeries Corp
400
May
210
\
93'A Oct
100
Inc
Oil
5%
2,000
23
140
10o
Pub Serv Elec & Gas pfd
80
6,000
26%
Dec
85% Dec
preferred
:•
15
202
July
7%
30'/a May 19
7%
8%
8%
No par
Colorado—20
of N J com—No par
Corp
360.
50%
*
10% Nov 21
15% May 17
.
117
67%
V: A>
5
115%
*21%
68 »/4
com—
117%
111%
Feb
26% May
Sep
w
116%
50
Feb
106
Nov
30
33% Dec 22
57
May 20
—50
117%
*110%
200-
1
12% Dec 23
1
com
116%
26
68 %
68%
.
preferred
50%
2
67
No par
100
110%
197
Jan
10
6%
50%
Dec
17.% Nov
Aug 22
42% Feb
May 15
17% May 16
680
110%
•
203
171
1,010
210
Feb
15%
10% May 19
H
No par
Industries
Serv
$5
89%
Dec
May
.
31
169
Apr 22
59% May 17
10
Inc
Car Co
preferred series A
33%
51%
22
Dec
16
114
-
100
Way"—
Pressed Steel
500
•
Mar 29
32% Dec
*8% May 19
No par
R
*68
No par
B
21%
111%
102
2
,
31
32V4Apr 21
7
May 19
No par
100
23
106% Aug
Electric Power.Co.—
Publicker
51
16% Oct
16
Dec
102%
123
165
Aug
1
163% Nov 17
-
10
97
*110%
Dec
16
105
111%
110
186
19
31
19% Oct
class
Co
4,903
131%
Sep
Oct
7% Sep
Feb
90% Dec
11% May 17
&
197/«
131%
Jan
36
19% May 19
19%
132%
41
Sep
108
31
18% Jan
•
96%
133
Dec
21
19%
i-
16%
*29%
Feb
1
84 %■
,
Jsn
I
38% July 24
18
•
May lb
88
par
104%
26%
*22%
10
106
I 51
27
96% Dec
1
Procter & Gamble
96%
•
105%
97
73%
5
3,803
96%
1
100
RR
106%
96%
Feb
5
106
97
Nov
49
63% July 14
5
68
.
Jan
'89
Dec
July 25
(The)
66%
21%
36
Deo
43
93
;—1
Poor
300.
1
Oct
84
29
-100
'/8
I 33
33%
Dec
20%
Apr
100
l4%
21%
96%
15
21
Pond Creek Pocahontas
13,400
.
51%
111%
27
33%
134
52
27%
33%
Jan
Jun
81
Jan 17
50% Mar 15
117%
117
134
68
28.800
9%>
; ».
71
112
,-100
No par
preferred—No
84
21%
•
9%
*32
Sep
Dec
Plymouth Oil Co
1,200'
*
33%
104%
8
Mar
12
Jun 10
30% Apr 28
99% Dec
4
8ep
18
Feb
101
1—25
Oct
25
109
Plough Inc—
100:
.
13
43% Jan
26
31
107
96%
107
52
973./.
85
85%
33
21%
21%
9%
34
*32
33%
12%
5
Dec
Pittston Co
s
34,000
;
■333A('. i
Dec
No par
preferred class B.
Potomac
13%
25
Dec
Pittsburgh <fc West Virginia
Pittsburgh Young & Ash pfd
2,100
10%
*33,
14
12%
14%
500.
28%
.
102
preferred class A
100
5%% 1st ser conv prior pfd„100
30'
16%
28%
*10
Dec
5%
360
:
150
*139
2G%
45%
2,900
78%
16%
150
Jan
89
88
preferred
7%
*78
17%
*139
33 %\
7%
3,6001
.
iB3
,83
79 %
Feb
47
98% Mar 17
100
Pittsburgh Plate Glass Co
Pittsburgh Screw & Bolt
Pittsburgh Steel Co com
5,400'
*140
83%
10%
*33
"io
*.
13
30
29%
*10%
10%.
'9
*78
150
*10
8%
83%
4
17
150
7 30
9
19%
Dec
30
Pitts Consolidation Coal Co
>;
36%
12%
80
*139
*16%
35 %
*140
82%
80
36%
8%
'
*140
83%
80
150
35%
9%
83*
17
*139
150
*158
37%
9%
*140
*84'A
162
15o
162
36%
11%
20%
Dec
Pittsburgh Forgings Co new__—_.l
Pitts Ft Wayne <fc Chic Ry com—100
150
*145
15
35% Nov 24
85
No par
Louis
convertible
$5
10
•
-
16% Oct
122
16
85
preferred
C & St
30% May
34
July
May
Dec
Dec
Jan
3,200
16
10% May 19
27%
116
12
10o
preferred
C
Dec
29% Jan 21
21
1'700
28%
16
*158
V
90
28%
16
*145
13%
14
13%
*87%
V
Pitts Coke fiz Chem Co com__No par
1,500
28%
*15%
150
9%
9%
90
28%
13
*145
377/a
$4
70
Pitts
13
13
*87%
90
*87%
90
103%
.}.
Sep
109% Aug 12
95
1
Hosiery
Plllsbury Mills Inc common
700
*97
13
13%
'•
9 per thare
3
Phillips Petroleum
14
24%
*24%
2
18
100
Phillips Jones Corp com
5%
cumulative preferred
14,900
27% Jan
120% Aug
common
series
'
22
29
preferred series A
3.60
5
23% Dec
111% Dec
Phoenix
14
34%
17
150
57%
34%
*97
13%
*145
*140
17%
39
87%
£
88
14
*139
*37
38%
29
9%
13%
50
28%
153
*157 %
200
88
88%
17%
*145
89
A *85
*16'/a
29
17%
*85
88
90
21% Dec
Highest
6 per share
100
Philip Morris <fc Co Ltd common—5
4%
preferred
—100
9.300
89
•85
34%
*97
*13
2G%
23 %
*85
t per thare
thare
Lowest
No par
common
Reading Coal & Iron
Com
3%%
120
85%
38%
14
34 %
87
*85%
88 %
85%
34%
*12%
27%
*85
14
3.8%
14%
28
87
34%
730
14%
28%
*35
*34
92 %
;
No par
common
preferred
preferred
14%
.
Co
preierence
4.4%
i,oio
28
*86%
*12%
70J
:
;
14%
TO
58%
92
93%
*91%
23%
Electric
Year 1946
Highest
t per
>
Par
Phila
6.700
104%
104
Range for Year 1947
Lowest
Mheret
22
*22%
23
104
Range for Previous
A
STOCK
YORK
EXCHANGE
29%
S3
57%
21%
22%
NEW
14%
*J5
58%
,
the Week
I per thare
thare
23
Sales for
Jan.23
104
104%/
Friday
25
RECORD
28%
*
*87
58%
per
21%
23%
;
92
14%
30'A
I
22%
*23
104'A
105 >
•92
per
22 %
23%
104%
93
:l$
(445)
STOCKS
Wednesday
Jan. 20
per
STOCK
CHRONICLE
PRICES
Tuesday
22%
I
22%
"92
SALE
Jan. 1!)
'•t- per thare
104%
HIGH
Monday
Jan.17
22%
AND
FINANCIAL
YORK
NEW
LOW
&
30% Dec 23
40% Oct 20
6% Nov
35%
Nov
10% Nov
13%
12%
105
Nov
Oct
Dec
17%
Oct
23%
Oct
49%
Apr
23% May
22% July
24%
Jan
113% May
82% Apr
40%
Feb
•'
26
(446)
THE
COMMERCIAL
NEW
& FINANCIAL
YORK
STOCK
AND
SALE
HIGH
Monday
Tuesday
Jan. 1!)
Jan. 20
Jan. 21
1 per share
1 per share
22%
"73
73
"20%
21%
*20%
"71%
76
*71%
•75
31%
32%
6%
67»
6%
6%
5%
"5 %
5%
14%
14%
14%
13
13
12%
5%
33 %
41 %
■
20%
♦19%
16%
2.9%
30%
41
41
16%
100
20%
"19%
5%
42%
"41
,
103
101
105
"103
16%
6%v
5%
30%
30
41%
16%
44
16%
16%
30%
30
30 Vs
30
"42 Va
6%
5%
16%
101
100 Vb
20
20
1
31%
29%
29%
42%
16
16%
97%
20%
20
29%
:
54%
'53%
53%
54%
54%
53 V*
53%
53
33%
33%
33
33: *
33%
33%
33
"88
91
"24
24%
"88
"4
"88
91
24
"23%
24%
16 Vb
16%
16VB
16%
3%
3%
"3%
6 '/ 8
6%
6%
45%
"42 V2
4%
"6%
91
24
6%
'
"42 %
48
"43
19"%
91
*88 %
22 %
24
22%
22%
23
16%
16
16%
15%
16%
92
*88%
4
3%
3%
6%
6'/a
6Va
6
6%
45%
"42%
45%
*42
45 %
*43
15%
16
15%
16
15%
15%
15%
15%
15%
41%
42 Vb
42%
42%
41%
42%
41%
41%
41%
42 %
42%
42%
42%
"41
"41
42%
"41
42%
*41
42%
29%
29%
29
29VB
23%,
23%
23%
23%
23%
23 %
22%
23%
22%
22 %
47%
47%
46%
47%
46 Va
47%
46
47%
45%
47
36%
37%
37%
35%
37%
"62%
64
"71%
73%
"16%
17%
4%
4%
.
36%
-
2a%
36%
4%
4%
16 3
36%,
61%
61 %
60'/a
"70%
16%
161/s
16 VB
16%
7
7
71Va
'
;■
; ■■
7
•
*70
6%
29%
29%
28 Va
23%
22%
*70 Va
71 Va
28»/4
23%
v
28 Va
23 VB
*6%
,
*70%
71%
•
28
28%
28 Va
22%
22%
9 V4
9%
::.PV9'V
9%
68%
68
68
67 Va
67 Va
67%
67%
*671/2
*17%
17%
16%
17%
16%
17 Va
17
17Vb
16%
"27%
9Va
9 Va
9%
27 Va
102 Va
27%
.27%
*84
91
v
*27%
102%
*102 Va
27-''•
27%
27%
••••„
22%
23%
91
91
100
100
24
i91
28 Va
99
29%
Sep
13%
Oct
South
;
_l
3% May 20
27%
*83
87
87
8%
23%
24%
23
23%
23%
93
94
90 %
90%
*88%
59%
102%
39%
39%
73%
103
104
100 Va
57%
57
39%
39 v4
•
Conv
713
•
1,100
I
97
70 3
71%
73
27%
,.
96
13%
13'%
13 V«
13%
*40 Va
41'.'a
13 V.
13*4
41%
*40 Va
41%
*40 Va
41%
39%
39%
*39 V4
41%
*39 %
41
'
13 V8
'*12Va
341/4
34'/a
"13
13%
*34%
34%
*91
91%
„
*91
*12%
34'%
.*91
13%
13 y«
19%
20%
19 Vb
20»/4
10 Vb
10 VB
10%
10 V
10 >4
7
14%
Nov
4
84%
5
15 Va
Sep
Sep
Dec
29
2
33%
Feb
55
11
107%
Oct
lis
Mar
6
34%
Nov
05
May
Aug 14
98%
Dec
90%
20%
Oct
70
Oct
135%
Apr
149%
Apr
102
2
18
Feb
19
125
May 17
63
80
3
18
July 24
44% July 21
v
Mar 17
Dec
■'
July 24
31% Aue 19
JL-.
29
107/b May 19
17% FeD
11
41 % Jun
3
49
Feb
37
May 17
47
Oct
1?
May 20
18
Jan
49
94
Apr
112% Feb
36% Jan
63
39%
109% Apr
24% Apr
V 37% Jan
114% Feb
;
July
40% Jan
105
T
14
May
Dec
60% May
78
Oct
42%
Feb
59% Aug
37
Feb
61%
Nov
49% May
78% May
20% Mar
100%
Dec
30
July
108%
Jan
11
Oct
25
Feb
37%
Nov
56
Jun
37
Sep
53%
Jun
Oct
Oct
109% Aug
|J
30 % Nov
26
36% Oct
15
26% May
39% May
12%
12%
3,400
18%,
19%
24,000
10 Va
2,700
Studebaker Corp (The)__
Sun Chemical Corp common—l
1,900
Sun
*10%
Dec
17% Feb
45% Jan
Jan
May
13%
Jan
13%
10%
18%
18% Feb
8
37
104
16 Va
19%
10 Vb
15
Sep
41%
12%
10 %
4
24% Oct
92
s-'-y*
90% Feb
23% Jan
•
P) & Co Inc.
.15
..
Stewart-Warner Corp
prior preferred-—
-
..
...
63
May
19% Feb
7
13 Va
Oct
24% Oct
8
20%
Dec
3
21% Jan
3
21
Jan
3
14%
Oct
23%
18%
Oct
38% July
3
12'/a
Nov
109% Apr 17
75% Mar 24
*103%
Sep
61%
Sep
19% Jun
No par
_
26% Aug
13 Va May 17
/
—20
& Webster—-—
2
14% May 19
__5 '
_•
jStokley-Van Camp Inc common—1
Stone
31% July 14
Oct
11V* Nov
v
102%
13 Vn
13%
12 Va
5%
7
2
19%
20%
14
20%
8
13
5
3,700
19
14
20%
7% Feb
14% Jan
Jan
3,200
5%
30% Apr
104% Mar
16
4,300
Nor
4
18
19 V\
13%
Feb
16%
Aug 26
20% Feb
10
15%
13%
Jun
8<S
Dec
Stevens
2,900
Jun
90%
Oct
Dec
19%
4
30%
30%
65
Oct
73
88
16
-
Sep
64%
34
_i
19%
13%
'
33
93% Jan
4
39% July
33% May
'70
Jun
2
81
;,
13
Nov. 10
Feb
8
Feb
Dec
N0Vr
Dec
59%
y
22%
50% Jan
May 19
'
v.
Nov
83
'
77
50% Mar 11
CU__No par
_
13 7B
30%
16%
#
_
19%
30 %
19%
13 Va
■
■
(The) L S
Jun
8% May
Nov
9
preferredi^-iii.—L4_^-_ii00 r
%%
3
10
37 V4 May 19
preferred—__50
Sterchi Bros Stores Inc.
V
Oct
May 17
89
Sterling Drug Inc common.-—____5
5,100.
;
91%
Jan
38%
7
17% May 16
Spring common—1
convertible
Starrett Co
900
33 Va
_
Steel
22%
24
81 % May 17
—25
15%
12%
19%
13
12%
33%
4%
300
V
common-—10
13 3
19 Va
17
100
\
of Ohio
Oil
4
50 % Dec
Nov
83i
preferred series A——100
Standard
4,000
39
*91
3% %
16%
16%
14
19 V4
Standard
13
14 Va
19%
14
16%
19%
12%
Standard Oil of New Jersey
300
34 % Jan
28% Feb
19
23V4 Dec
25
29,500
41%
'
Sep
24
July 29
99
>
California—No par
14,100
13%
*37%
91%
of
30
16%
14 Vb
17 VB
193B
>
Oil
Standard Gil of Indiana.
>
29%
30 Va
14 VB
*40
33%
*91
91 %
30 Va
30%
17-Vb
103()
12 Va
34% V
13%
39%
33%
13
34
91 Va
38
14
30 Va
31
13
33 Va
*91
91%
■
14,000
97
,
•
30
Dec
*
27
.—_1
May
30
8
May 19
68% Dec 30
No par
.—
267/s.
26%
*95
42 % Dec
29
.23% Sep ' 8
16% May 19
$6 prior prcferred_^a_ J—__No par
$7 prior preferred-:
No par
Standard
14,500
...
preferred
71 Vb
70
26%
96
13 31
40%
71 Vb
a
26%
96
*95%
.
13%
41
10%
39 %
20%
27 Va
*95 Va
56%
39
Dec
6
—No par
July
48
18%
Dec
13% May 19
common
108
1
Sep
56
4Vb May 19
No par
Standard G & E Co $4 pref__No par
30,800.
62%
20%
73
2
preferred—
cum
9
Feb
-Jan
91
' 35% May
;
Dec
48%
15
Z
27%
Sep
7 Va
7
68
1
_
4%
9
May 19
57% May 19
conf___No par
$3.50
1,900
55%
39 Vi
Sons.
$4 preferred-—
Standard Brands1 Inc
40
100
100
56%
40
39%
72'/a
4
27 V»
28 Vb
96
101
55%
39
$4.50
&
a
8% Jan
28
100
Square- D CoJ—
Squibb (E R) <fc Sons
■•
1,600
•
Kellogg
5V4 Feb
18
22
preferred-l>:./-:_uloo
Spalding f A G)' &.Bros Inc_/_-i__l
Sparks Withington—-—__i__No par
Spearv ScOo commop/.__-i2^'__
a._l;
$5.50
preferred!—No par
;
57%
*40 Va
41
30%
; 57.y4
?
73%
26%
13%
13 Vb
39%
*95%
97
*39%
59%
72
28%
13%
*
,
73%
28 Vs
*95
102
57%
39 Va
59%
common
102% Jun 30
Jan
No par
Railway
Nov
/
Oct
35%
28
22% Jan
27
non-cum
42
39% Oct
40% Nov
25
oar
Mobile & Ohio stock'tr ctfs
62% Oct 20
84% Apr
34% Apr
::.5
Jun
May
'
26
No
190
90 Va
Nov
Southern
.
'
102
102
—
Oct
14% May 28
37 % May 19
Southern Pacific Col__
10,400
24
42
par
Southern 'California Edison_„_—25
Southern Natural Gas Co—___7.50
9,100
87
93
*91
preferred
23
6
5% Oct
_I________50
Spencer
:
26%'
*83
preferred,
Sperry <7orp. (Thei
Spiegel Inc common—
103%
26
-
Anier Gold & Platinum
2,000
27%
*102%
24 V4
23 Vb
-
28%
26%
preferred
South Carolina E & G Co com—7.50
3,700
102%
cumulative
8,800
;
56%
Dec
6
•
17
27%
Jun
31
6,400
67%
17
,
65%
Sep
17% Dec
V
9 Vb
67%
16%
26%
,27 %
*83
•87
v'-Vvt9'v:
9 V«
68
102 V«
104
27
27%
9
28 Va
*27%
*102%.
104
*83
86%
*83
87
22%
27%
102%
28 %
*102%
V
9%
Jan
14
35 % Jan
1.000
22 Va
*68
54
24
—_
28%
21%
Jan
26
22
30
7uu
28 Va
22 Vi
20%
13% Mar 14
9,600
71 Va
*70%
61
Oct
117% Dec
May 20
29% May 19
Southeastern Greyhound Lines—5
7
*6%
7
71 %
23V»
28%
22%
28%
23
.
Jan
15
23 % Dec
1,100
.
4%
4%
4%
4%
4%
4'%
*6% •V:;;7%%
6%
>
*70%
71 Va
38%
7
87 % Dec
'
7
*70%
Nov
21
31
100
2,700
16 Va
4
33
Feb
'
South Porto Ripo Sugar com__No
72%
•
Jan
51.
.
__15
3%%
Jun
41
22
Socony Vacuum Oil Co Inc_.
4,100
60%
72%
17% July
14% Feb
Smith & Corona Typewriter __ino par
19,700
:
36%
35%
35%
*70%
43%
Oct
38
100
22%
61%
37%
Feb
Smith (A O) Corp_._-.___
.___ld
Smith (A) & Sons Carpet Co com—20
—15
-
1,900
47%
72%
4%
4Va
22%
46%
-
91 Va May
26% Apr
•
18% Dec
May. 19
2,700,
V
28%
28%
28 3 4
16 Va
72%
16%
28 %
*.70Va
63
"70%
>
29%
61%
"61%
73
16%
16%
•
29%
62%
61%
"71
29%
Apr
14
5%
Mar 15
5%
41%
"42%
39
Co
share
39% May
Dec
V. 8
May 20
3,200
15 34
42%
27% May 19
No par
Corp/A--AA:.—'-.-No' par
27%
■
6% Feb 18
.
15
45%
16%
42%
14 /
Apr
65
800
6%
'"16 Va
17
-
.
6% May 19
4
20
Oil
Skelly
46,900
4
*3%
26
9% Feb
24% May. 19
15
Sep
Sloss-Sheffield Steel & Irori__:
•
92
6
4
*3%
35% Dec
ner
10
800
:
23
16 VB
Feb
800
33%
*
18
22
82
300
1,900
%
52%
33
<■88
21% Feb
16 .,:•■•
—
Simonds Saw & Steel_
Sinclair Oil
i
Man
17%
11
11% Dec
Coalition' Mines
—5
Co-LiAA'rpar'
Simmons
300
77
14% Dec
Silver King
7,600
19
1
Co—_—
Oil——
Shell, Union
Feb
t
Jan
300
19%
*
Pen
A)
Sheraton Corp of America——__—l
18,800
•?
98%
'
(W
23
27
1,700
.
52%
33
f
;
16%
98
-
V-
.
41
,16%
-
53
34%
••
Sheaffer
6
Dec
5,000
}■>
29%
41
•■
20
"53%
16%
Shattuck
11,500
5%
:■-5
100
"33%
16%
6%
'
'■
"41
102
6%
5%
70
Highest
t per share
33% Jan
No par
No par
conv
1,300
1
.
32%
6%
32%
;
pre! series A
(Frank G )—'
Lowest
$ per share
May 19
$3.50
Year 1946
Highest '
$ per share
Par
18
300
14%
12%
'
Sharpe ArDohme "common...._No par.
1,300
200
14%
Lowest
-
%•>;:'
%%%'•
•
5%
16%
*20
6 %
72
*12%
;•:
12%
31%
6%
,
72
14% •;
•
Shares
20%
Range for Previous
Range for Year 1947
EXCHANGE
the Week
20
%
•■'••75-.
32
6%
"bVa
*72
■
•
20
13
14%
"12%
32%
20
32%
"14%
V
13
32%
31
# per share
21%
14%
"12%
13
t per share
t per share
Jan. 23
STOCK
V NEW YORK
Sales far
Friday
Jan.22
73
;
14%
14%
14%
"12%
Thursday,
21 %
2IV4
76
22 Va
'
STOCKS
Wednesday
Jan. 17
t per share
*'
PRICES
Saturday
Monday, January 26, 1948
RECORD
'
.
LOW
CHRONICLE
10'/a May 19
16
1
17
10 V8 May 19
1
Feb
25% Feb
May 19
11
15% Feb
Feb
23
Apr
24 Va May
'
104%
*97
55%
*115
*97
55%
53
,115
116
io-%
37%
10 Va
10%
37
37%
*97
104
103
53%
55 %
114
115
115
10%
10%
102
52%
53%
*114
>,--'"•
115 Va
*114
10%
$4.50 series A preferred
101
52%
53
115%
*114
115%
10
10 %
/ 23,600
36
36
36
Oil Co
Class
290
10 %
t
36
36 34
36%
*97
52 Va
10
10%
;
¥
37
*97
102
53
,•
103'„
37
37%
*97
;
533/4
A
No par
common
pfd
(4%'V
105
July 28
No par
51
May 26
_100
....
114
cumi..
Sunray Oil Corp
SunBhine Biscuits Inc
1,700
_
10%
10 Vb
10%
10%
10%
10 VB
10%
10
m
20 3 4
20'/a
20%
20V4
20%
20%
20%
20%
20 Va
151 Va
151%
*149
154
149
*144
149
.*16%
17%
16%
16 Va
*16
16%
*40%
41%
40 Va
41 Va
*40 Va
41%
*16%
18%
16%
16%
*16
18
:
*143
149
16%
149
10%
5,200
Sunahing Mining Co_:—l
20%'
2,900
Superheater Co
'
*146
151
200
16
39%
16%
16%
16%
39
16%
39 Va
*16
•
10%
20%
f
39%
*38%
40%
16%
*15%;
16
*15%.
17
Superior Oil
Superior Sieel
1,200
<■
..
Corp.
36%
36%
36%
36
36%
85%
85 Va
85%
5%
*5%
.6
•85V2.
5%
6
LOW
AND
*85
HIGH
-
SALE
Sep
10%
17%
Oct
Dec
22
160
;_____5o
13
May 19
Paper Co
10
36
May 19
47
Sweets Co of America
(The)—4.16%
14 % Jan
25
'.Swift
Co—
&
Mar
Oct
102
7
19%
5
38
24 % Feb
Sutherland
100
Nov
y Jan
21% Oct
2
Oct
31
13%
28
Sep
56% Aug
24
Apr
35% May
160
May
23
Dec
55%
Apr
Aug
21
36
5,500
30% Jun
9
37% Jan
31
Sep
41 %
Feb
19%
19%
9,600
Swift International Ltd
20% Dec
31
27% Jan
2
25%
Nov
36 Va
Jan
19 Va
20
5,500
Sylvania Elec Prod Inc com__No par
$4 preferred
No par
18% Dec
6
28% Feb
13
19%
Nov
41
Feb
797a Dec
31
*85
85%
5%
6
5%
30"
85%
5%
57/b
_
_
Symington
2,100
Gould
PRICES
Corp__
__1
_
104% Mar 11
10% Feb
5% May 19
STOCKS
Monday
Tuesday
Wednesday
Thursday
Jan. 1!)
Jan.29
Jan.21
Jan. 22
$ per thars
f per share
I per share
42%
6
14
May
19%
Jan. 17
Saturday
2
13% Mar
24% Oct
Jun
14
20 3 a
*85'
85%
5%
35%
36%
45% Jan
17% May 20
101 Va Jan 13
Oct
May
78%
124% Aug
19
20%
'
7%
Apr
19%
19%
19%
20%
86%
35%
36%
19-%
19%
20'/a
19 %
5%
36
20
19%
20
*85
3634
19%
19%
20%
19%
18
600
Va
"
20
12% Sep
125
8% May 19
.10c
(The )..j__T—No par
California.
25.
of
11
32% May 27
12.50
^
"
10%
20%
21
31
7% Jan
1
....
117
Oct
Dec
110
I per share
9 per share
YORK
J£:
STOCK
Bharts
.
-
J-
'Nov
101
7%
109% Aug
16% Jan
Year 1946
Lowest
Highest
t per share
$ per share
Lowest
'
Par
Corp—
___5
3% May 16
Corp____——5
(The)——
_25
13% May 20
53% Sep 26
20 Va Aug 15
68% July 28
52
10% Jan
24
-
Nov
Range for Previous
Range for Year 1917
EXCHANGE
the Week
Jan. 23
$ per share
NEW
Sales for
Friday
7
I per share
Highest
6 per share
•*.
.
T
'
*10%
*4%
10%
10%
55%
20%
4%
4%
17%
•'17
*16%
'56
4%
*4%
4%
4%
4%
4%
4%
300
16%
16%
16%
116%
1,600
55 %
55%
54%
55%
54 Vb
54%
53%
54%
21,900
20%
56%
56
56
42
41%
42%
19%
20%
31%
34 Va
32%
48 VB
*46%
47%
13 Va
14%
*20%
21 %
20 7 B
20%
*13 Va
13 Va
13
13%.
*44
45
*13'/B
14
19
20%
18%
19%
19%
20%
55;Vi
54%
54%
54%
54%
41 %
42%
41%
42
41%
42
32%
34%
32
33%
32%
33%
47
47%
47
47
33:%
48%
13%
20%
13
13
44%
43 Va
43 Va
13%
13%
*12%
13%
9Va
9%
.;.•
•
13:%
20%
.
*45
13 Va
13%
20%
20%
*20 Va
1234
12%
12%
12%
*43
44
43
43
*12%
13%
•
,
13
13%
13%
Texas
Gulf
Texas
Gulf
6,200
Texas
Pacific
18,800
500
20%
12%
Texas Co
2,300
13%
20%
.
Telautograph
Tennessee
21,500
•
47
7-7.: 12%
21
(James)
.
*44
9%
46
46
47
,
9%
9%
9%
22 %
22 Va
21%
22 Va
*10%
11
46%
45%
•*9 ?.
11
*90
10%
4
26
97
97
.
.
.
Va
26
21%
10%
43%
97.
97
V
..;•
203
*91'a
37b
"27
••
'
-
*
21%
97 Va
97 Va
: 'V
*12%
9%
47%
9%
*8%
9 Ve
21 %
21%
21 Vb
11
11
*10'/a
45
42%
*91 Va
10 Va
37/b
25 Va
27
*24%
21
20%
20%
97
97
97%
97%
26
*25
/
19%
19 3
19
19%
19 %
19%
18%
19%
18%
19
18 3 4
Pacific Land' Trustl———1
15% Jan
16
34% Dec
22
14 Va
Oct
58%.Feb
18
35
Sep
26% May
65 >May
15% Dec
22
Pacific Ry
Ino
50
48%
49
48%
49
48%
48%
43
48
47%
48
12 VB
12 Va
12
12%
11%
12
17%
17%
17%
18%
17%
18 % V
*16%
16%
16 %
16%
4
*16
11%
Li:.;
16%
18%
*15'a
11%
12
20
..
19
11%
;
19%
15%
15%
5%
16%
5%
Co
div
11%
18%
:
6.
102 Va
105
5%
>
102%
5"b
103
5%
*103
5%
;
*103
105
*14%
14%
14%
14%
14%
20 VB
20%
20
20%
20 Vb
20%
35%
35
35
35
35
*92
94
*92
94
*35
'
*14%
*92
94
7
7
*6 Va
*32
32%
31%
32
*31
*13
13 Va
12%
12 Va
*12%
6%
6%
'5%
6
*104
105%
1434
106
14%
20%
19%
34%
*34%
35
*92
93%
*92
7
*6%
94
.
..
6%
7%
32
13
32% %
12%
31%
*104
14%
14%
19%
34%
•
12%
31
*12%
6%
13
•'
93%
77/*7,v;
7%
*31
12%
:- •'
""'A*'
600
32
12%'
:
:1,100
/
.
--
480
V
;
800
Corp
preferred—
5%
:
Twin
conv
94
Dec
;
No par
Udylite
1,900
Underwood
11
11
11
11
11
11 Vb
*10%
11%
11%
"10%
11%
600
31%
31%
31
31
30%
31%
30 Vb
31%
29% >30%
29%
30'/B
5,900
94%
10,200
93%
96
*108 Va
109
94
*90
96
96
*90
96
"90
94
*87j/4
88
87%
87 Vi
*87 Va
87%
87%
87%
89
23%
24%
23%
24 VB
23%
24
23
23 %
109
89
24%
94
108%
24%
*154%
100
*33>/4
157
100
34%
For footnotes
*90
154%
152
99%
33 Va
see
153
99%
99%
33%
33
page 28.
153
99%
33%
*90
:■»
152%
-•-
153 %
*
152
154-
"90
>
93
90
23
/ 23%
156
153%
99 Vb
99%
98%
99%
98%
33%
33%
32 Va
32%
32%
-
80
99
1
Corp
(The)-;
12% Dec
Union-Bag & Paper—-i—No
Carbide &
Un El Co of Mo
Carbon
f
108 % Feb
24
7% Feb
7
112% Feb
20
Oct
32
17% Nov
99% Nov
69%
Jun
112% Jun
13%
Jan
68
Jan
24%
Apr
112
Feb
16 Vs
Oct
26%
Jun
38%
Oct
: 66%
Jan
13% Oct
18% Dec
14
,21% May
71
Dec
33%
5%
Oct
12%
'
Sep
105
114
Jan
Feb
Jan
Mar
15% Nov 24
38% Jan
6
37% Oct
46% Nov
63% May
79
May
Jan
6
104
Jun
27
Dec
31
16
Feb
11
11%
Oct
24
51% Feb
18
43%
Dec
71% Apr
26% Jan
Nov 20
9% May 19
48
17% Oct 14'
102%
Dec
11% Nov
106%
Jan
Apr
5,300
Union Oil of California—
25
3,200
Union Pacific RR Co
non-cum
Tank
•} iip
■
common
preferred
Car___
100
100
No par
4
15% July 23
43% May 19
9% May 17
25 % May 19
Dec "
49
Sep
15% Jan 25
12
Nov
80% May
23% Apr
37% Oct
23
Jan
39
89% Jan
No par
NO par
Union
21% Feb
4
53% Oct 20
Oct
30
105
par
series:
1,100
1
Oct
5Ve
Dec
'12
"
No par
pfd $4.50 ser__No
series—
33
39% Feu
25% Oct 20
102
Feb
7
par
$3.70
4%
5
29
30
5
$3.50
1,100
Mar 10
7% Feb -3
17%
Sep
93
No par
Preferred
98%
5
21% Dec
__1
._
Corp,_____
Union Asbestos & Rubber Co
Union
Dec
34% Aug 21
SO
1
Co—
May 13
5% May 19
Napar
Preferred
110
29
106
18
u
3,100
97%
common—1
_No par
prior preferred
pf
10%
48%
108 Va
14% Oct
38% Oct
May 19
Corp
Coach
10%
96
11
30
18
prior preferred—__No par
Twin City Rap Transit corn—No par
48%
108%
16% Feb
59% Jan
___No par
j
16
15
Sep
lo
com
24% Oct 21
9%
Sep
May 19
85
Dec 31
3% May 17
20
May 19
100
com__Nopar
$4.50
10%
98%
18% Nov
21% May
10
38
•
20th Century Fox Film com—No par
$1.50 preferred
No par
49
109
Dec
coml—_No par
Corp
Tri-Continental
10%
97%
Jun
6
49
*108%
Feb
20%
3
10%
99 %
70
Oct
15% Jan
49%
108%
Oct
20% Nov 24
10%
98%
Sep
48
5
22% Jan
48%
108 Va
10
15
14% Feb
14
49
99%
13
60% Feb
13 y2 May 17
10%
109
13% Feb
45
Dec 30
6% Aug 21
16% Jan > 4
2
48%
99
30 Va May
Transcont'l & Western Air Inc__„5
11
*108Va
Sep
15% May 19
49
Va
15
40 % May 13
10 % May 17
10 Va
*10%
81% July
13
__5
49
10%
.Sep
17% Feb
No par
49%
.11%
47
12
9% May 19
22
:
Roller
49%
*11
13
preferred———.—
Truax-Traer
2,800
26,500
34%
13%
59% Feb
Dec
Hearing—-
$6
10
19%
*92
-7
14,100 I
14%
19
•34'/a
18
30
May 19.
41
>
;;i______15
(J, Ri
tTransamerica
"
200
106
14%
19%
31%
5%
21% Feb
Transue & Williams Steel
5,800
"
5%
19% Dec
5
_1
'
6
31
31
$3.50 icum preferred—/__—No par
12,800
16%
13% Dec
ii—No-paf
Tide Water Associated Oil
;
Jun
12% Dec
5
preferred ._i—.50
Products
v
18% Dec
common—
conv
Jan 13
50c
No par
Timken
183a
*15'A
.
41
No par
preferred—
2,900
/
100
common——
conv
$3u75 .preferred
Timken Detroit Axle
11%
r
Cd__
5,700
19
49%
July
•&
Thompson-Starrett Co
100
570
18
32%
4%
.
12,600
97%
:/77 97
9% Mar
60% Jun
$2%
900
/
68% Aug
Sep
Thompson
20%
Jun
Feb
19% May
Oct
Thompson
26
20%
Jan
25%
21
400
10
13
Sep
46%
1,400
V
3%
Dec
19
Third Avenue Transit Corp—No par
Thomas Steel Co (The)—iil.
l
2,300
93
3%
Jan
6%
14%
47% Dec
Thermoid
10
:
30
11%
58% Nov 21
i
The Fair
400
,-i
Dec
9r
13
$2.40 conv preferred
2,500
7
44
*91
94
V
•■".;
10%
44
•
43%
3%
3%
7
9%
46
7
13
17
21% Jan
$1.25
200
21 Va
9Va
*45
Feb
7% Jan
46% May 27
Oil—
Coal &
Thatcher Glass Mfg Co common
250
1
.
14
10
Textron
600
13 Va
9%
20 Vb
'; •
1
3%
13%
May 16
Texas
1,000
;
10
Texas
4,900
.
v
42%
*8%
94
'
42
*44%
21%
*10V4
45 "a
*25
.
9%
■%:9:'>:
21%
92
3%
21
27
21%.
21
9
*12%
46
*44%
9%
45%
4
21%
9%
•
92
.
92
4
'
21%
46%
92
9%
•
46
*45%
.
9%.
V
9
Producing-.—J
L
1
Sulphur__.____i.__No par
*
*9 Vb
*26
4%
.'-54%
14 V«
*3%
Talcott Inc
1,000
•)
34%
46'A
/
17
49%
*89
10%
*4%
14
*10'/2
10%
16%
34%
9%
10%
17
*48 Va
*46
*10%
17
41 %
-
10%
17
19%
56%
43%
10 VB
10%
55%
207/b
42%
*19%
55%
55
56%
10%
Dec
v
110% July 11
88
Sep
125
29
115
Mar 31
111
Jun
115%
May
Apr
Jan
30
106
Feb
111
Oct
31
104
Jun
6
08
Dec
107%
Jun
Apr 14
27
Dec
23
164% Dec
31
Dec
120
Apr 15
97% Nov 14
30
7
16
15
91% Dec 15
85
20
58Va Feb
May 21
106% Sep
111
Feb 26
38% Feb
10
20% Nov
29
May
110
Oct
168%
102%
Oct
120% Mar
42% Jan
32
Sep
Feb
Volume 167
Number 4667
THE
COMMERCIAL & FINANCIAL CHRONICLE
NEW
LOW
Saturday
n
17
Jan.29
26%
106
108
:
17%
-79%
81%
81
81
14%
32%
20%
*20%
20%
20
13%
13%
13%
13%
31 %
30'%
31%
3%
4
56
55
*52%
2%
V 43 ;4
6 %
19%
43.
■••4.
19%
21%
16%
2%
43
6 <•••
-.
17%
17%
99
38
53%
51%
*21%
21%
21 %
21%
21%
16
15%
16%
15%
19 %
18%
14%
19%
1.7%
95%
*70%
74
*38%
39%
37%
37%
7%
7%
7%
7 %
*70%
74
*16'%
95
177%
*70%
74
37%
7%
14
72
72
38
7%
34
35
35%
34%
36
35
19%
19%
19%
19%
19
19%
9%
*8%
44,%
9%
44 %
*89
~
43%
44
43%
52
50%
43%
50%
*89
43%
*135
*70
135
19%
19 %
9%
18%
*94
*33%
35%
*4%
5
42%
*68'%
70%
*69
72%
73%
140%
138 %
139%
13%
140
19%
9%
9%
9%
100
*94
5 %
5%
17
5%
17%
5
*161
13%
4%
21 %
13
*161'%
161%
163
13
13%
60
60
16%
20%
161 %
12%
16%
161
-
12%
60
41 Va
16%
16%
16%
16'ft
15%
16%
14
15%
14%
15%
*14%
14%
14 Va
14'ft
14
14%
40'%
40'%
39
40
*40%
41
40%
13%
13%
12%
13%
26
26
25%
25%
92
*86%
92
92
*88
92
43%
43%
40
Va
*42%
44
89 Va
*88%
*87
95
9%
9%
102
*100
16%.
25'%
1
.100
92
*86%
*88
92
*88
9%
■
*100
15%
1,700
800
Van
*18%
19%
*18%
19%
37%
36%
36%
32 Va
31 %
31%
?
33
33
Van
Raalte
*31%
*32
32 %
Jan. 17
X
*63
14%
32
103
21 %
21
9%
9%
*11%
11%
11%
*87%
89 '/*
100
No par
25
16'ft
16
112'ft
*112%
'>/; 1
16
8%
100%
15%
113
16
■
112%
112%
13,100
31 %
31%
33'ft
33'%
32 3%
*31%
32%
*31%
per
.
*31
•
32%
*32
32%
HIGH
SALE
33
87%
14%
Jan.
,
33%
X per
•'
1
L
%
:t
33
*31%
32%
*31'4
.
110
Jan. 22
share
Friday
$5
X per share
*31%
*102
21'%
11%
87%
65%
*14%
15
31%
31%
31'ft
32 »/8
102
21
9%
11%
*63
14%
103%
21
9%
64 3ft
86%
103%
21'/a
21%
9%
21
11%
11%
11%
*85%
87'ft
*85-3/4
12%
103% July 24
60'/a Feb
165
38'/a May 17
67
Dec
11
Feb
11
51% July 28
100
106
Oct
48 V* Nov
80
Apr
Nov
187
Feb
Sep
144
40 V*
22
81
Feb
28
80
Dec
23
65
150
Mar 27
Feb 19
133
Dec
26
*17% Nov 20
38
Dec
31
5
Jan
13
8
48% Feb
21
Feb
89
Feb
97%
Feb
Deo
Jan
55 Va
Jun
9%
Jan
20%
Apr
4%
Sep
21
7%
Oct
100%
Nov
2
5% Dec
5
10% Jan
30
7
50
x33% Dec
30
52
Feb
17
22
May 17
Vb May 20
Dec
163'/a Dec
19
Feb
7
11'4 Feb
10
"23% Dec
26
Feb
29 V*
NOV
47
18
16
166
20% Nov
8Vb Oct 10
;
Vb
84%
Sep
142
23
Oct
Oct
*72
61% May 19
12'4 Feb
Sep
41
Sep
18% Dec
8
Deo
Jan
128
11'/* July
54
July
11
192
Mar
7
187
May
1
13 '4 Dec
26
29 Va Feb
3
25
Nov
56 '/a Dec
30
91Va Feb
13
77%
DM
7
17%
—2.50
,4
-10
i.
27 V*
Feb
22
Apr
200 Va
Apr
49%
Jan
101
Apr
13% May 17
14 Va Dec
22
Feb
NOV
39
Feb
15
15 Vb
Oct
25%
Apr
Dec
24
35
Nov
58%
Apr
20% Jan
2
15%
Sep
Feb
6
30
Oct
83%
Oct
113 '
91 Va
Nov
115
Feb
53
May
18% Feb
11
46
30'/a May 17
10
—2.50
5
common
preferred
100
par
100
12% May 19
26% Dec
6
Nov
25
85% Nov
19
84
39
85
Dec
95
94
Jan
13
50% Nov
22
104% May 14
31
Dec
94% Feb 20
>
18
97 V* Oct
5% May 19
10% Nov
NEW
5%
Dec
63%
Sep
23
117%
121
Feb
5
34 Va Dec
10
45
Feb
21
40
31 % Dec
24
40
Jan
17
37
38
Feb
17
—-.5
31
Oct
10
20
30
Dec
29
:'
•"
,
/•ft""/
'
Dec
123%
Apr
20
30
Aug 21
Dec
53
Sep
32% Nov
45 V*
Jan
52
Apr
July
33% Nov 21
33% Oct 31
Range for Prevlons
STOCK
Range for Year 1947
EXCHANGE
Shares
12% Jan
99% July
21
_25
YORK
Apr
May
25
—
Juu
51%
108% Aug
19
16% Oct
107% Dec 24
Sep
26 V8
Dec
Nov 19
llS
29
36%
100
25
pfd
common
(The)
Year 1946
Lowest
;
•:
..11%
20%
20%
20%
18%
20%
18%
18%
*18%
18%
20 Va
*20%
12%
12
29
*27%
24%
28 %
23%
20%
29%
*20%
29
5%
47'ft
45%
120 %
>
121
Highest
X per share
Par
18%
18%
5%
5%
45%
17
15%
5%
*104
5%
*40
*104
7%
•
40
"
10%
32%
9%
*29
31%
10%
9%
30
29%
29
22%
X per share
Lowest
X per share
Highest
X per share
116
41%
*104
7%
*
.
42%
105
7%
10
9%
29
30
*29%
108%
*69
10'/a
301/4
72
30
30%
71%
72%
40:
107
60
43
3,000
42%
7%
19%
19%
19%
19%
18%
19%
19%'
37
37 Va
36%
37 Va
36%
28%
36%
28%
36%
37
27%
28%
36 Va
36%
28
28%
37%
26%
■
72
:
3.500
9%
.
30%
50o
19%
20
93
92
97%
92.
97%
97%
37%
97%
97 Va
97 Va
30%
97%
31'ft
3 l'ft
31%
31
'31%
31 %
31'4
:>*31'/a
32%
800
*40%
41
393ft
40%
*39%
*88'ft
88%
40%
39%
39%
88%
88 Vz
•39%
*39%
39%
88%
39%
89%
•>
88'%
1,000
89%
89%
410
90
*86
90
xlOO
100
40
41
90'ft
90'ft
90'ft
27% .27%
27'ft
27 'ft
102
'
*22
22%
22
12'%
11%
11 Va
92%
29'ft
10%
For footnotes
*90%
10
see
38%
97%
89
*88
41
90%
91
/
*90
96%
90
99%
38'/a
90%
*26%
99%
39
88
,"r;
90%
273ft
27% ;
27%
22
21%
22
21%
21%;
11%
11%
11%
11%
; 11'/a
90 %
92%
*90%
29'4
9%
29%
10%'
*27%
9%
22,600
13,000
1,200.
88
3.80ft
Weston
RR
series
pfd
Elec
.
10
V
27%
pfd
90%
220
*26%
21 Vz
400
J-.\; 20%
21 Va
2,600
White
Motor
11
2,300
White
29'/4
9% 4 9%
9%
7
11
37% Jan
16
par
83% May 22
1
10
.29%
%
21% May 19
105"
Dec"
112 % Nov
16
Jan
22
4
52% Nov 21
Feb
90
34 Va Jan
117'/a
Mai'
4
50
2
25%
Dec
35 V* Mar
20
Sep
34%
Oct
29%
Sep
31
Sep
47%
Jan
9% Sep
31%
10Q
2,400
%.
Prior
Wilcox
Sep
Sep
29,
Sep
45
Apr
Sep
119
Aug
122%
Feb
108
43% July
89 % Aug
26
121 % Jan
14
115
103% Dec 30
112% Jan
14
106
Sep
117 Va Aug
106% Dec
116'/* Aug 19
113%
Oct
Nov
119% May
53 V* Jun
116% Apr
29
32 Va May 19
105
Dec
26
5% May 19
38 Va May 19
Oct
14
32%
Tan
27
IIJV4
10 Va Jan
47
4
7 V*
113
75'/a Jan
0
May 16
9% Dec
9
9% May 17
4
67
5%
Jan
Sep
Dec
Jan
Sep
32% Dec
10
26% Dec
3
42 V* Feb
18
27
Sep
Sep
65
Dec
5
90
Mar 29
71
Oct
17
May 19
27'4 May 19
22% May 19
88
Dec
9
94% Dec 29
26% Sep
14
135
Jan
90 Va May
13 Vb Jan
32%
Jan
56%
Jun
101
Apr
18%
Oct
53%
Jan
38'4 Oct 22
26%
Oct
Jun
31
21%
Nov
41%
39%
91
Dec
95
Deo
39
May
105
Dec
17'
24
Aug 2Q
Jan
106% July 21
30
Nov 17
55
Jan
24
26
May 14
43%
Dec
31
No par
82% Dec 31
63 V* Jun
100
62'/2 Mar 27
98
Nov
76
Dec
29
63
Aug
72
Jan
103
Feb
13
100
Oct
106
Jan
53 Va Oct
21
36%
Nov
62 Va May
101% Mar 31
90 '/a
Nov
107 »/* July
102% July 18
107 Va
Jan
99
May
No par
31
May 19
_„_No par
(The S S)
20
90
Dec
26 % May 19
34
Feb
7
27'/*
Feb
44
1
191/2 May 19
29% Feb
8
21%
Nov
44
1
9% May 19
17% Feb
1
•11 y*
Nov
23% July
90
Feb
3
81 Vb
Sep
105
34
Feb
13
30
Nov
36
com
Co
Machine
cbm
preferred
Co
16% Apr
85 Vb
-—100
No par
20
preferred
Oil
Feb
\~
com
preferred
Wheeling Steel Corp
V
$5 conv prior pref
conv
Jan
20%
11
No par
•
$4
Feb
23% Aug
—100
—12.50
White Dental Mfg
107%
Oct
Nov
2
8
•
92%
9
12% Jan
5% Dec
par
Instrument
Sewing
*90%
30
B_____100
conv
Sep
16%
22
No par
—
5 % ft
90%
92%
Dec
—100
com
A_—
$3.75
preferred
Wheeling As L Erie Ry
10
7,800
-
30
100
—:
38%
:
18
series
cum
Common
60
*27%
*27%
*
97 V4
•99%' 101
11'/a,
92%
90%
:
2nd
Pacific
38%
,
22
■
*90%
10%
89%
90
100,
40%
92%
page 28.
88%
*88
*99%
90%
*26%
90%
8
26% Feb
41
Feb
100
Westvaco Chlorine Prod—
39%
28
28
90
100 •
*90%
ft? 90%
22'%
*11%
*88
*99%
92
23% Feb
Western Union Teleg class A_No par
30%
*92'
27
30
100
1
Supply Co
Maryland Ry com
non-cum
100
Oct
130% Dec 29
Sep
pfd——100
Auto
Preferred
26
20
__No par
_j
i
4ft
125Va Dec
_5
preferred
Western
7
1
—
Western
'
7
18% Feb
36% Nov 21
5
i_
V
106% Mar
19% Dec 29
17% May 20
preferred
Western
5
5
_
Western Air Lines Inc.
(
29
Dec
May 14
xll% Mar
—
No par
Westinghouse Air Brake
-No par
'r Westinghouse Electric com_—__12%
; i
3%ft cum pfd series A——100
97%
93
1948
4,800
30 %
27%
1948—
26,
9,
5,100
>35%V 36 %
%-,26%. 27%-
%
90%
-
12
preferred——100/
4% ft
88% Dec
21
West Va Pulp & Paper com__No par
*
1,000
70%
;'
•
13
6ft
600
30%
.
19% Feb
20% Jun
18% July
7ft
6,200
30%
?
.
V
•
'
26
38%
*28 %
19%
Feb
West Penn Power 4%ft
2,500
*
e 70%
30%
72
20
Jan.
called
Class A
20
7%
38%
10
29%
104
9%
39'4
■
*28% '30
no
100
108 %
*103
72
'
115'4
107
;
.
29%
Oct
West Indies- Sugar Corp
:
1
West Penn Elec Co (The) __No par
;
Mar
105
Nov
Wesson Oil & Snowdr com__^No
$4 conv preferred
No
11,000
111
July 17
9'/*
Webster Tobacco Inc
;
50
7%
9%
11,200
15^8
IO8V2
V
104
•7%
23
15%
108 %
42%
38
29
30%
72
40
460
Apr
109
new com__3
called
Wayne Knitting Mills
Wayne Pump Co
1,500
2,000
115'4
"•
116
107 %
104
7%
39
'•
*108
107% 107%
42
5%
Apr
23 Va
Waukesha Motor Co
85%
-
-22%
15%
Corp
pfd
pfd
2,000
44 Va
85
108
"
40
*5%
*43
Feb
Jun
54
7
5
3%'ft
1,100
Sb
23%
3
100
Washington Gas Light Co___
29%
Sep
Oct
Dec
13% Feb
.No par
& Pipe
3%%
800
11
68
15%
33 Vb
24% Jan
...
2,400
20
Dec
18
11
7% May 19
10% Dec 24
1
17%
.ft
*29%
44%
116
109
20
•
22%
15 %
108
108%
109
105%
-
•
100
75% Feb
17% Jan 25
36% Feb
~
xl7 Va May 14
Pictures
Warren Petroleum
170
410
Apr 16
13% Apr 21
297/a Apr 30
No par
_
preferred
Bros
Warren Foundry
20,700
57
No par
G & W
Co
21'ft
17%
ft,.
20
*69
21
85 %
•
22
16 '/a
116
41
7%
41
•"
5%
85
108
*107%
109'4
43%
85%
15%
116
109'4
41 %
21'ft
5%
45
%
108
*107% 108%
105%
7%
40
108%
*115
107
7%
44
16%
108'4
111
115%
109 %
42%
23
115
29'ft
85
105%
23
29'ft
22'4
39%
5'%%
Warner
600
18Va
85%
107
30
26,200
20
22%
109
2,100
Ward Baking Co common
87'ft
18
22 %
42
11%
(Hiram)
11%
20
45%
108
11'ft
114
100
preferred—————:
Walker
Walworth
115'ft
'.
No par
No par
_
6,300
•ft *85%
100
preferred.
common
3,400
27 Vb
20'ft
•
Co
9'ft
23 %
21.
.
4%
20
4%%
20%
11 Va
2934
*85%
109%
103
<
RR
9 Vb
27,
20
85'/a
*109
Walgreen
103
.
8 7'ft
29%
46%
*106%
800
11%-;
20 %
23'/8
16%
32'ft
-'J
21'%
85%
115%
32'ft
27
114'ft
20%
22 Va
*108
Waldorf System
113/8.:,.
23
121
86 V*
111
Wabash
500
20%
29%
29
5%
120%
23%
116%
200
_
123'/a
29%
5%
65
15%
9%
27
24'ft
*65
*14'%
•
21
ft,
9 Va
__
119
103%
11'ft
86%
'
3134
103%
9%
9%
*18 Va
103%
Dec
4
Vulcan Detinning Co common
7%
cumulative preferred
20
the Week
X per share
14'%
123 %
*28
39%
92
20
preferred
Sales far
Jan. 23
,
64%
rll8%
*90%
Dec
1
Va Iron Coal & Coke 4ft
32%
Thursday
.
14%
20%
90'ft
36%
STOCKS
65'/2
14%
1221%
41%
2
Nov
PRICES
Wednesday
share
122 >/2
l'ft
Apr
Jan
14
Visking Corp
32
*31'ft
•20%
4
84
39
May 19
800
34
122 Vz
*87
60 V* May
Sep
23 Va May 19
69
33
31%
32%
121%
*100%
Dec
Nov
Virginia Elec & Pwr Co cdm—No
400
800
12
*92
9
59
3 % ft preferred 2nd series
100
Va-Carolina Chemica'l com—No par
6ft div partic preferred
100
5,000
•
32
24
31%
;
95
8%
100'/a
Virginian Ry Co
6ft preferred
*28
*30%
Jan
Jan
25% Aug
11 Va July
35
109'/a Jun
com
13%
44
19
30
__1
May
Feb
new.No par
Inc
Works
300
12 '/a
10%
Jan
100
cumulative
19%
24%
7%
Sep
Sep
13%
Apr
62
73
35 Va May 19
3% ft
10
37'/4
28%
•41%
Feb
Apr 10
46% Oct 20
May 19
46% Dec
Victor Chemical
300
*18'%
12
*104
6%
25
13
—
*35%
23 %
42
29%
15
35
Vicks Shreve & Pacific Ry com__100
5ft non-cum preferred
10o
89
*87
; '
"8%
New
19%'v..
*28
*108
V
*
Jan
Vertientes-Camaguey Sugar Co__6%
37%.
24%
*115
33'/a Jan
187%
96% Dec
_No par
Vick Chemical Co_..
*19
29 Vz
■
42%
42%
102
•
100
*3 o%
-.12%
23 Va
29
Dec
5% May 19'
2d pfd__5
non-c
9,700
19%
24%
•85'/*
13% Dec
j
Corp—;
Inc.
Co
37%
*28'/a
*46%
Sep
5
2,200
92
V*87
95
,
8%
*100
32%
*64
32
*101
103
♦5%
*205
127'/a Dec
50
com
com
Co—
*18'%
AND
X
65
15
29%
Deo
101
W
65
31 %
*20 V,
May
196% Mar 29
31
5
100
*36'%
Jan. 29
per share
**
43%?
l. v
89
-
*87
9
16.
Tuesday
Jan.19
X per share
12
132
Dec
30
No par
Tobacco
19%
32%
Monday
89
103%
112'ft
32
*32
LOW
9%"V
Sep
100
preferred
37
37
32 %
32%
8%
16'ft
*33
32%
*31%''
*21
NOV
93
Dec
Vanadium Corp of America—No par
92
".
.
13%
*86'#
*•§8 *'
'•
92
20
25%;^ 25
92
*42%
•
95.
102
112%"
*31%
33
*31 %
89
' *87
9%
16'/a
G5
13
11
40'4 Dec
50
Co
Norman
13
v
'
43 %
*88%
•
104
112%
*18%
*42
89
95
8%
103
1*31%
101
43%
•>
112%
Saturday
13%
*86'%
*111%
31'/a
10
10
preierred
700
25%,.
92
16 %
*14%
28
20% Oct
107% Feb
10
10
preferred
14 %
f
12%
92
15%
33
Jan
May 19
22
Universal Pictures Co
*15%
25%
.
*88'f
*87
;*36%
v
13 '/a
25 Va
111%
111%
:
9
•■-••.
106
16%
12%
26
,c 43'4
v*)*88%
89 %
95
'
13
25%
,
*87
♦
106
22
9 % Dec
20
preferred
*14--:
.
26
!i%
*86 %
*88%
-
109% July
15%
10
,
'
*88
Nov
23% Oct 20
Apr
Aug
v
16%
*14%
*86%
32% May
19% Feb 17
15% May 19
01;
Deo. 1<
12% May 19
Jan
63% Aug-
5
Universal
8ft
Oct
12'/a May 17
60
24
Stockyards
4 % ft
30%
22
Universal-Cvclops Steel Corp
110
Oct
18% Oct
12'/* Oct
9% Oct
Universal Laboratories Inc
2,100
41%
0
105% Aug
Feb
.21%
J.
24% Oct
United Wall Paper Inc common
4ft cum conv preferred
30
12%
59%
59% July 25
24% Jan
6
12% Nov
39% Nov
70Q
161
13.,
60
*59%
Deo
71% Mar
22
common
Leaf
34%
16'4 Jan
700
21
2
25% Jan- 3
l
500
5
*20%
■
2
14
No par
United Stores $4.20
,100
Jan
common
United
6,700
Jan
98% Aug
1,200
5%
7%
68% July
16% Aug
Dec
19% Oct
14
Dec-
Oct
Oct
8%
43 % Jan
May 17
44% Jan
•»20
3 V*
44
47%
2,600
35
*4%
20%
13%
5
95
' May
17% Apr
89
Sep
Feb
5%
conv
15
53'4 Mar 27
10'4 Feb 10
':
40
Oct
Deo
Sep
1st preferred
non-cum
$6
4 Va Jan 31
5
8
65'/a Dec
6%
78
26
9'%
100
8
Dec
33% Oct
37% Nov
preferred
7ft
8
Jan 10
90
preferred
U S Tobacco
50
24
8% Feb
.89
0
common
Corp
33 % Nov
%
10
15
Smelting. Ref & Min
S Steel
7ft
2,300
94
*32
4%
,
5%
..VV
V.
17%
..
4%
21
61
*59%
17 7
4%
21
165
35
19%
cum
>31
13
Corp common
pid series A—
non-cum
7ft
U
2,500
40
94
5%
*33
139
.9%
,v
U S
3,400
200
19%
■
8ft
40,400
*38%
r
9%
100
*94.
17%
4%
•40
9%
9%
34
21%
19'/8
i
42
69%
138
J.'IV.5%
3% ft
73%
72%
5%
,
100
5'%
*17
61
19%
*38%
5'%
34
5
*60
16%
5'%
35
21%
*13
*14%
19%
39
5%
165
13%
*40%
19%
39
5%
*33%
62%
*60
19%
9%
*94
35
139%
40
5'%
5%
21 %
140
*39
17%
*161
600
42
70
*4%
21%
U S Rubber Co
135
75%
5%
17
165
41%
8,800
92
Plywood
5
Dec
Feb
preferred—
V 42
S
Jan
94
common
U
Jan
class A
Co
conv
3,100
*134
70
19
*33%
*21%
43%
137 w,
73
5%
*161
*134
70
100
'
5%
17%
43
75%
40
5%
17%
135
135
44%
29
42%
70
9%
100
138
28%
Nov
53% Feb
Pipe 8c Foundry
*89
64%
1
19%
26
Playing Card Co
4% %
;
Jan
;
Deo
12
U S
,
2
per thare
37%
119
71% Dec
U S
50%
&
;
101
X
;
37
200
9'4
43%
42%
5
_100
2,700
*8%
92
41%
Leather
5
Nov
No par
No par
U S Lines Co
74%
5%
9%
*94
41
S
Sep
35
Dec 20.
5% Dec
171
Corp
Chemicals.
1,200
Partic
.
2% Dec
41
86
preferred
Industrial
7,800
'
29
*89.
U
4,500
3% Dec
50
„-.lQo
Machine
34%
*49%
•
4 % %
U S
,
.■!
20
preferred.;
19%
V 43 V"
..
43%
,50 '
28 %
92
41%
9%
7%,
28'/a Jun lo
26% Jap 15;
11'% May 20
No par
3.4%
71
139
*39
5%
29%
*89
43%
43%
50
1,200
12Q% Apr
24% Nov
33
No par
—
Co common
Hoffman
S
9
5
No par
__
Freight
7%
24
5
Securities
preferred
Dec
18% Sep
5
No par
18%
•
V
'v
S
U
/
20
38
6%
75%
74%
139
40
*5%
*135
45%
*70
76%
140
*39
135
42 %
51
28'%
*8%
43%
43
92
42%
9 *4
*50
29%
*89
43%
45
71
75%
140
29%
92
42%
136%
45%
45%
*8%
44
*50 %
92
'
10
1,900
74
.
U
U S Gypsum
1,000
13 5 a
38
$4.50
28 % Apr
1
Engineering & Foundry
U S & Foreign
-
26
110 '
16%
10
United Gas Improvement Co___13%
United Merch & Mfrs Inc com____1
300
••
175
*72
18% I; 19
*8%
United
8
75
100
___
United Fruit Co
80
16%
94
13%
35
34
29%
14,000
7
9 %
29
2,000"
10,800
Dec
,__No par
Corp
United Electric Coal Cos
4,700
18%
:
preferred
Carton
&
Highest
■
X per share
25 Vb Dec 20
i
15% Dec
Dyewcod Corp common
T1
preferred
—•___
___'_l(jo
7 ';i>
600
175
37%
•7
United
16,600
93%
•
>74
37%
•
19%
30
600
•97
cumulative
Biscuit Co
Board
102
Lowest
;
X per share
16% May 19
10
common
United Corp common
,•_•,
$3 preference
„—■
8,400
2.300"
15%
18%
13%
35%
52
150
21%
•
177%
*8%
29%';
4
21%
•"16%
%•
Inc
Year 1946
Highest
"
I per share
.
„
7,70C
-
Far/
United Carbon Co^
No par
Umted-Carr Fastener Corp
No par
United Cig-Whelan Stores com—30c
$3.50 convertible preferred
100
;
v
40%
17% '
*72
38
7%
38%
7%
13
4%%
15 %
94%
19%
*50%
■
'
13%
14
Lines
United
-
2,900
19%
*95 %
*175'/a
Air
United
1,800
'"51%
...
18%
93
177'%
1,000
2,200
50%
ft9.6%;.
*16%
95%
*175'%
United
68
; 38
•
:>
6
19%
.
,
'
21%
95'%
17%
*13%
14
38
•16
18%
96'%
*175%
V V
2%
43
*67
;
52%:
95 %
18%
*95
177"%
'
18%
*16%
97
...
97
*95%
17%
•
96%
14%
16
97
*175%
193k
'
38 <•
52%
18%
177
*19%
19%
37'%
53%
2134
*95%
*97
19'%
69%,.,
38
16%
*173
19%
*67
52%
•38
2%
.'6
Range for Year 1947
Lowest
United Aircraft. Corp common
5
55i
convertible preferred—100
.
22,200
53%
'•
•■£42%
;
6%
39
16
19 %
19%
2%
•
*6
V
3?
3%
*52%
43 •:
43 V
;•
23,300
V/200'
31%
*30%
54
:
•
6
69
31%
4,
54".
2%
4'43y8;
6
*67
13%
Range for Prevloo*
STOCK
%
.
19%
13%
33
.
4
I
*19'/a
•
13%
30%
*30%
4%
69
19%
54
•.
*21%
97
*34
54%
2%
43
••-"•
6
*67
19%
38
53%
16%
*14
*53'%
4
53
,2%
42,%
.
/
33
"
21%
17%
r
"
6
*30'%
19
•
2%
70
39%
19%
3%
53
43-,.
,
6
54%, 54%
*95%
;
2%
*68
20
*39
4
2%
■■
69
83'/a'
•30%
33
83%
V
17%
*82
YORK
EXCHANGE
'
.13%
31
*30%
108 %
,17 %.
.
NEW
Share»>
"
19%
14
33
25%
*106%
7
*
*81...
32
'
2%'
.6 %
83
20%
.".'24%
107% 107;
•17%
IT
;l8Vel
82
...
the Week
X per share
24%;; 25%
13%
*52 %
43
-
RECORD
Sales for
Jan- 23
share
X per
108.
17'%
Friday
Jan.23-
31%
V
33
"67 %
20
.*•
26%
*106
IV/2
*30%
"3%
•
25
80%
*30%
..."
*106
STOCK
STOCKS
Thursday
.
I per share
26
17%
20%
14%
-
share
per
25%
106
Wednesday
Jan. SI 1
16%
32%
■" T
X
YORK
PRICES
7
17%
79%
>
share
per
25%
108
SALE
Tuesday
Jan.19
X
26 Va
*106
HIGH
Monday
* per share
26
AND
(447)'
—
5
84
July 31
29% May 13
5% May 17
12% Dec 20
5%
Or
May
Jan
July
May
27
28
,,
COMMERCIAL
THE
(448)
CHRONICLE
FINANCIAL
&
Monday, January 26, 1948
,
NEW YORK STOCK RECORD
AND
LOW
Saturday
Monday
Tuesday
Wednesday
Jan. 1!)
Jan. 30
Jan. 21
Jan. 22
8%
V
$ per share
;
8%
8%
8%
57%
56
15%
88
9
ii
*56
88
15%
16
15%
88 y4
*877/a
90
*87%
18%
18 Va
*18
18 Ya
18
18
17%
17%
17 Va
17
17%
17
17
17
17l/a
16%
17.
*125
139
$4.25
139
*125
139
*132 %
18
16%
17
16,100
V
*132%
139
Wisconsin
6%
139
32
32%
32 %
32%
31%
32%
3iy2
31%
31%
31%
1,800
Woodward
Iron
46
45.%
45 %
45%
45%
45%
45
45%
14,000
Woolworth
(F W)
59
58%
46
58%
45%
58 %
45%
58%
*78%
80%
*59
60
*79
80%
*79
86
*83 Va
*84%
</■
%
63%
64
66%
66 y4
10 y,
63
%
58
,
*79
*58
58
V
58
80
70
84%
84%
84%
84
63
61%
61%
59%
59%
59%
66
66
66%
66 %
66%
65%
9%
9%
9%
9%
9%
28
95%
Sep
101
July
Nov
19
15 He
Oct
15% Dec
22
19
Nov
21
Oct
17
10
31 % Dec
27
10
43
135
_1QQ
(new)_i
(Del)
May 19
48 Va May 19
No par
145% May 19
142
4
34
Feb
52
1
43%
Sep
62% May
13
47
Sep
74
84%
Sep
100
Apr
87Va Sep
75 Va Dec
59% Oct
103
May
Feb
94% Apr
20
Wright Aeronautical
Wrigley (Wm) Jr (Del)
No par
53
Dec
29
80
Feb
8
No par
62
Nov
28
70% Mar
Wyandotte
Worsted Co
5
8
May 17
May
Dec
Feb
Feb
series
Jun
35
100
conv
160
Mar
68% Feb
12
series
Feb
21%
53 V
12
120
9%
9%,
9%
Jan
20
Dec
-
66%
10
99
27
1,300
66
66
9%
July
30
Jun
Dec
59%
85
21
88 % Dec
16
75
84
63
*83
Sep
83
pfd 4"%%
4'%%
26% Jan
Nov
.
64% Oct 24
1,000
83
9
12%
10
100
100
Prior
Prior pfd
64%
.
11
23
Co
P & M
Worthington
1,100
80
59
79%
79%
80%
86%
66
io
80%
13% Feb
Oct
Co "Reg Way"_lo
Co
Highest
t per share
$ per share
17
.
32
6% May 17
t per share
51% Sep
10
preferred
32
share
10% May 19
No par
Pwr
El
per
1
No par
—,
46
?
com
preferred
Wilson-Jones Co
600
11
-
Lowest
Highest
No par
Motors
$4.50 conv pfd series A
Wilson & Co Inc com
400
*17 %
17%
17 %
138
*125
r-
90
Willys-Overland
37,700
'
17 Va
"125
IS1/*
.
300
i
56%
*56
57%
16%
Lowest
Far
11,600
8%
8%
8.%
Wi
56%
15%
;
Year 1940
Range for Year 1947
v
Shares
t per share
per share
88
16
90
;
56%
56
15
*87%
14 %
90
*87'/8
share
per
14'/a
*56
57%
14'A
m
?*■? 8%
8%
*56
t
$ per share
STOCK
EXCHANGE
the Week
Jan. 23
YORK
NEW
Bales for
Friday
Thursday
Jan.17
$ per share
Range for Previous
STOCKS
PRICES
SALE
HIGH
3
18% Feb
6
13 Va
10
Aug
106
82%
Apr
25%
Deo
Jun
i
32'A
32%
31%
32
31
311%
31%
12%
12%
12%
12%
12%
12%
12%
*42 %
42
York
400
Corp
71%
13,300
16%
16%
2,100
Youngstown Steel Door
21%
201
21
21%
21%
2,100
Zenith Radio Cnrp
5%
5J
5%
5%
3,300
Zonite
21%
Dec
42%
Jan
Sep
14%
Apr
19%
69 %
16%
21%
31
20
21
18
71%
16%
Young
83% May
Oct
21% Feb
18
70 %
17
400
Sep
23% Oct 23
15
18
73%
16%
•18'vC:::,;
Nov
14% May 19
53% Mav 17
15%
18
18
57%
«**»'
70%
17%
)»
11
50% Mar 31
17%
72%
17%
Jan
3
16% Feb
37% Dec
73
73%
17
35%
Jan
10 % May 19
19
71%
17%
Jan
Oct
33% Aug 28
1
50
*18
74%
61% July
27 Va
25
Mfg
common
cum
19
*18%
74>/4
...
Oct
Nov
33
Co
preferred
Towne
&
4%%
43
*17%
Spring &
No par
Wire
Youngstown Sheet & Tube.
No par
—No par
24
May 17
45
83
13%
V
Jan
n*
21%
5%
6
and asked prices;
no
21
21%
5%
21%
5%
6
♦Bid
Yale
3,300
*41%
*18'/a
5%
2,200
12%
43%
43%
19
21%
*41%
31%
*41
43
*41%
52%
12%
12%
12
12%
31
31
31
31%
43
51
fin receivership,
sales on this day.
a
Deferred delivery,
stock.
n New
rCash sale,
s
Products
14% May 19
Wn pay
Special sales,
5% Jun
1
Corp
wd When distributed,
x
B
25
July
10% Jan
7
0
31
Ex-dividends, y Ex-rights.
Transactions at the Hew York Stock Exchange
Transactions at the New York Curb Exchange
Daily, Weekly and Yearly
Daily, Weekly and Yearly
Week Ended Jan. 23, 1948
Saturday..
Monday
Tuesday
Wednesday
Thursday
Total
Government
Bond
Bonds
Bonds
Sales
Bonds
1,052,320
3,832,000
4
71.000
416,000
Week Ended Jan. 23,
709,410
3,424,000
394,000
1,185,320
4,656,000
573,800
1,110,070
3,963,000
327,800
203,000
4.493,800
788,720
4,192,000
262,600
32,000
4 486 600
5,147,850
$21,492,000
$2,117,200
$348,000
Friday
5 229 800
$5,000
Jan. 1
•v
$95,239,600
$22,922,500
u
324.000
329.000
265,000
64.000
155,885
116,000
1,000
25,000
142,000
1,042,774
$1,260,000
$335,000
$43,000
$1,638,000
$87,123,700
Jan. 1 to Jan. 23
1947
1948
1947
1,042,774
1,298,795
3,479,129
4,849,595
$1,260,000
$879,000
$4,127,000
$3,616,000
335.000
127,000
503,000
476.000
43,000
5,000
170,000
32.000
$1,638,000
Domestic
$1,011,000
$4,800,000
$4,124,000
Foreign government
4.493 200
Foreign corporate
TotaU.i
New York Stock Exchange
«»
FRIDAY
"and
322.000
,
Bonds
90,647,400
Bond Record
are
13.000
337.000
211.380
$99,000
$169,000
5,350,400
79,999,300
$23,962,200
NOTICE—Prices
1.000
33.000
1948
1,605,000
21,275,800
Total
$184,000
■
$4,000
Week Ended Jan. 23
$5,000
21,492,000
Total
132,000
1947
1,641,700
$5,000
2,117,200
Foreign
Railroad A Industrial
189,000
278,000
Stocks—No. of shares-
348,000
International Bank
141.684
232.015
16,971.230
Bonds
U. B. Government..
83.000
to Jan. 23
15,345,086
4,783,940
250.000
'
$23,962,200
1948
1947
1940
$22,000
214.000
Total
Week Ended Jan. 23
5,147,850
Stocks—No. ot shares
$162,000
87.810
Saturday
Monday
Tuesday—.
Wednesday
Thursday
Friday
319,000
Corporate
Government
Domestie
ShnresX
1948
Foreign
Foreign
of
3.856 030
$5,000
33,000
Bonds (Par Value)
(Number
$1,577,000
$9,000
$143,000
$1,425,000
302,010
—
united States
Bank
Bonds
and MisceL
Shares
Stocks
Int'l
Foreign
Railroad
Stocks,
Number of
WEEKLY
-
YEARLY
-
Carsh and defeired delivery sales are disregarded In the week's range, unless they are the only transactions
interest"—except for income and defaulted bonds.
of
the week^ and when outside of the regular weekly range are shown in a footnote in the week In which they occur.' No account is taken of such sales in computing the range for the year
The
italic
letters
in
column
the
'Interest
headed
Period"
indicate
in
each
case
the
month
when
Figures after decimal point represent
LOW
Jan. 17
Low
Hirh
*103.25
103.28
Jan. 19
Low
*103.26
AND HIGH
SALE
.
High
Wednesday
Thursday
Jan.20
Jan. 21
Jan.22
Low
High
103.29
*103.26
103.29
or
more
mature.
32d of a
point.
PRICES
Tuesday
Monday
Saturday
one
the bonds
Low
*103.26
High
103.29
Low
*103.25
.
High
103.28
Friday
the Week
High
103.28
YORK
NEW
Treasury
3%s
*1.05.24
3.05.28
*105.24
105.28
*105.23
105.27
*105.24
105.28
*105.24
105.28
*105.24
105.28
Treasury
3s
107.4
*106.28
107.4
*107.4
107.12
*107.2
107.10
*107
107.8
*107
107.8
Treasury
100.10
*100.9
100.11
*100.8
100.10
*100.8
100.10
*100.8
100.10
*100.8
100.10
104.24
*104.20
104.24
*104.20
104.24
*104.20
104.24
*104.20
104.24
*104.20
*106.16
106.24
*106.22
106.30
*106.22
106.30
*106.20
106.28
*106.20
106.28
106.24
*101.2
..
*102.21
*106.16
106.24
*106.20
106.28
*106.18
106.26
*106.20 106.28
Treasury
r
*107.12
107.20
*107.16
107.24
*107.12
107.20
*107.8
107.16
*107.10
107.18
Treasury
*101.1
101.3
*101.1
101.3
*101.1
101.3
*101.1
101.3
*101
101.2
Treasury
102.24
*102.21
102.24
*102.21
102.24
*102.21
102.24
*102.20
102.24
*102.20
102.24
Treasury
2%s
2%s
106.28
*106.20
108.21 Feb
111.18
Feb
112.6
Feb
3
112.21 Aug
115.26
Jan
102.6
Feb
4
102.11
Dec
102.12
Deo
106.13 July 24
107.5
Dec
108.16 Dec
108.16 Dec
113.12 Aug
'
2%s
101.4
26
i
'
101.8
1951
24
4
24
113.3
*103.10
103.14
*103.10
103.14
*103.10
103.14
*103.10
103.14
103.14
Treasury
2%s
*103.8
103.10
*103.9
103.11
*103.8
103.10
*103.7
103.9
*103.8
103.10
Treasury
*102.30
103
*102.30
103
*102.30
103
*102.30
103
*102.30
103
Treasury
2%s
2%s
Treasury 2%s
Treasury 2%s
Treasury 2%s
May 14
114.8
May 14
118.15 Mar
118.23
Feb
104.12
Feb~21
106 ;
106
Apr
*101.8
101.10
*101.8
101.10
*101.8
101.10
*101.8
101.10
*101.8
101.10
*101
101.2
*101
101.2
*101
101.2
*101
101.2
*101
101.2
*101
101.2
*100.24
100.26
*100.24 100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
2%s
2%s
2%s
Treasury 2%s
100.26
*100.24
100.26
*100.24
100.26
Treasury
—
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
Treasury
100.18
*100.16
100.18
*100.16
100.18
*100.16
100.18
*100.16
100.18
Treasury
100.26
*100.24
100.10
101.2
100.10
*100.8
100.10
*100.8
100.10
Treasury
—
103.15
*103.11
103.15
*103.11
103.15
Treasury
*102.4
102.6
*102.5
102.7
104
*103.24
104
*100.8
100.10
*100.8
100.10
*100.8
100.10
*100.8
*103.10
103.14
*103.10
103.14
*103.11
103.15
*103.11
♦102.8
102.10
*102.7
102.9
*1.02.6
102.8
*102.5
102.T
*103.24
104
*103.24
104
*103.24
104
*103.24
104
100.2
*100
*101.8
*100
*100
100.2
*100
*100.4
100.5
*100.4
*101
101.2
*101
*101.5
101.7
*101.4
-
■
101.10
*101.8
101.10
100.2
*100
100.2
.*103.24
>*101
/
Treasury 2%s
101.2
2%s
2%s
Treasury 2%s
Treasury 2%s
V
*101.8
101.10
*101.8
101.10
*101,8
Treasury
101.10
2%s
2
104.7
Nov
107.4
Apr
104.18 Apr 30
103
Jan
107.9
Apr
—Dec. 1964- 1969
101.26 Dec
19
104.4
102.22 Jan
101.24 Dec
100.2
*100
100.2
*100
100.2
100.2
*100
100.2
*100
100.2
*10Q
100.2
Treasury
100.6
*100.4
10U.6
*100.4
100.6
*100.4
100.6
*101
101.3
*101
101.3
*101
101.2
*100.31
101.1
101.6
*101.4
101.6
*101.3
101.5 ~
*101.3
101.5
*101.3
101.5
Treasury
104.10 May
9
102.11
19
104.15 Apr
12
102.11
103.20 Apr
9
101.18
Jan
105.17 Jun
2
105.17 Jun
2
106.28
100.7
Dec
24
103.19 Apr
10
101.15
Jan
June
Treasury 2s
101.11
*101.8
101.10
*101.7
101.9
*101.4
101.6
*101.4
101.6
*101.4
101.6
Treasury 2s
101.14
*101.11
101.13
*101.11
101.13
*101.8
101.10
*101.8
101.10
*101.8
101.10
Treasury
2s
Sept.
Dec.
101.16
*101.12
101.14
*101.12
101.14
*101.12
101.14
*101.12
101.14
*101.12
101.14
Treasury
2s
March
101.17
*101.13
101.15
*101.12
101.14
*101.12
101.14
*101.12
101.14
*101.12
101.14
101.16
101.16
*101.12
101.14
*101.12
101.14
*101.12
101.14
*101.12
101.14
*101.12
101.14
*101.12
101.14
*101.12
101.14
5,000
Treasury
2s
Dec
102.6
Sep 30
100
Dec
24
100.13 Nov
Apr
7
26
105.18 Sep
9
101.12 Dec
30
102.4
July 22
Apr
Apr
Dec
102.8
Dec
103.9
102.12 Apr
104.10
Jan
103.9
Jan
102.12 Apr
9
102.6 May 27
103.7
Jan
103.22 Feb
102.23 Apr
102.16
Oci
ii)4.3
102.20
Oct
104.14
1
102.30 Apr
24
103.1
—June 1952-1954
101.23 Dec
22
102.28 July 21
*101.12
101.14
*101.9
101.11
*101.8
101.10
*101.8
101.10
*101.8
101.10
*101.8
101.10
*101.8
101.10
101.10
*101.8
101.10
*101.8
101.10
*101.4
101.6
*101.5
101.7
*101.6
101.8
Treasury
2s
_Dec. 1952-1954
*101.8
2s
102.25 Apr
100.29 Jan
7
9
12
Mar
Jan
103.13 May
103.13 May
103.2
Apr 26
Jan 24
102.14 Nov
104.26
Feb
103.4
July 21
102.22
NO"»
04-29
Feb
101.2
Jan~29
101.14 May
0)1.31 Mar
101.8
Apr 26
101.3
Ser
n? 17 Mar
1953-1955
l%g
1%8
107.14 Apr
104.7
101.20 Dec
101.15
108.17 Aug
■
Jan
1951-1955
*101.13
104.22 Sep
101.4
102.24 May 14
102.24 May
8
100.13 Nov
1951-1953
——
2s
Treasury 2s
8
102.8
1959-1962
1959-1962
1948-1950
1948-1950
1949-1951
1949-1951
1949-1951
1950-1952
-Sept. 1950-1952
Treasury 2s
101.14
*101.12
Feb
106.16
106.15 Aug
108.17 Aug
101.7
1956- 1959
*101.9
101.15
109.15
1952- 1955
1954- 1956
*101.13
*101.13
Apr
106.15 Apr
,
106.15 Aug
1951- 1953
June
Dec.
March
Dec.
2s
Jan
Apr
107.10
Apr
—Dec. 1967- 1972
107.9
Jan
12
—
2%g
107.19 Apr
"
22
Dec
*101.12
*101.15
13
101.24 Deb
1966- 1971
—
lITreasury 2s
101.2
Jan
14
101
1965- 1970
—
Treasury 2%s
*100
*100
*100.4
100.2
5 100.6
104.23 Feb
107.27 Apr
22
—
*100.8
*101
105.22 May
__June 1967- 1972
*100.8
*101
100.10
101.3
104.24 July 14
—Sept. 1967- 1972
100.10
101.2
*100.8
*101
101.10
100.10
*100.8
*101
100.10
101.3
*101.8
*1C0.8
100.10
101.8
*100.8
*101
104.24 July 14
101.27 Dec
—
*100.24
Jun
104.14 Sep
—
*100.16
100.26
Jan
108.4
1963- 1968
100.18
*100.24
Jan
107.5
Jun
June 1964- 1969
.
*100.24
100.26
107.15
105.29 Aug
108.4
1962- 1967
*100.16
*100.24
Apr
106.16 May
—1956- 1958
*101.8 v 101.10
NOV
Feb~21
—-1952- 1954
103.1
*103.10
Apr
113.3
NOV
104.12
^1950- 1952
103.11
*102.31
103.14
109.22 Feb
115.23
1948
-U-1949- 1953
*103.9
*103.10
Jun
114.8
1960- 1965
—4'&——.
110.3
>
.—1958- 1963
2%s
107.20
*106.16
21
22
1948
Dec
111.23 Sep
1955- 1960
,
*107.12
Feb
1951- 1954
__
2%s
Treasury 2%s
Treasury 2%s
104.24
106.24
106.6
1956- 1959
([Treasury
*104.20
30
July 24
106.13 July 24
106.4
1951- 1955
2%s
*100.9
*106.16
104.25 Sep
Highest
Lowest
Lowest
1949- 1952
*106.28
Year 1946
Range For Year 1947
Highest
STOCK
EXCHANGE
Bonds($)
*103.25
Range for Prevlons
GOVERNMENT BONDS
Sales for
Jan. 23
Low
Treasury
103.4
*102.28
103.4
*102.28
103.4
*102.28
103.4
103
Treasury
*100.9
100.10
*100.9
100.11
*100.9
100.11
*100.9
100.11
*100.9
100.11
100.9
100.11
Treasury
*100.17
100.19
*100.17
100.19
*100.17
100.19
*100.16
100.18
*100.14
100.16
*100.14
100.16
Treasury
*102.28
103.4
*102.28
*102.26
100.30
1950
Bank
International
ApT~9
1948
100.26 Oct
20
for
Reconstruction & Development
*94.10
94.31
94.14
94.19
94.20
•Bid
and
asked price.
95
95.4
*95
95.8
94.28
95.4"
95
95
94.20
*94.19
95
*95.4
95.12
95.4
95.12
95.4
No sales transacted this day.
tIBeing called for
95
95.6--
191,000
,
redemption March -15, 1948 at 100.
10-year
25-year
157.000
a
Odd lot-transaction,
mmm
1957
" BMflI
r
95
Dec
30
102.00 July 15
1972
2%s—
3s
95
Dec
30
103.4
Registered-bond transaction.
mmmmm
July 15
commercial
the
Number 4667
167
Volume
& financial
YORK
NEW
BOND
chronicle
(449)
29
RECORD
range for week ending january 23
Week's Range
Friday
Interest
Stock Exchange
York
New
;
Last
Period
BONDS
v'
v
Bale Frioe
Low
Range for
Sold
Low
No.
High
r'~
*.
"■
■
Friday
Interest
V *
''''.1
New
York
Stock
lOO'A
98
101% 102A2
101%
J-D
1980
Corporate Stock
Exchange
20-year extl 6s_
External gold 5Vis
External gold 4%s_„_____
El Salvador (Republic of)—
114%
Greek
part
Credit
80%
80
81%
58
61
J-J
45 Vi
45 Vi
Jan 1, 1976
J-J
40
40
16
•15
20
14
35
98
105
1967
..1949
1%
—I960
f 5s.
s
extl
f l-3>
s
6s
1-1693
Akershus
(King of Norway)
s
f
7s series C
1945
lAExternal
s
f ?s series D
1st series
1945
A-0
f 7s
AExternal
sec
AExternal
sec
series__1957
2d
7s
Australia (Commonw'lth)
10-year
10-year
3Vis
20-year
3'/2 s
20-year 3 Vis
1966
15-vear
Belgium external
G%s_
External
s
f
1977
1952
-
s
f
7s
(U
S of)
external
f
s
f 6%s of
s
109
99 Vi
109%
A Milan
tt)%
28
87%
102
Minas Geraes
89
55
87%
95
86 %
87%
56
84 Vi
87%
87 Vi
16
86
84%
9
104%
11
M-S
104
104 Vi
107%
116
3
56
70
49%
49%
7
44
60
4s
A-O
62
62%
11
55
73%
3Vis
A-O
49
49
4
43%
63
A*0
62
62
1
55
bonds
B)
1
49
70
,—
43
61
b
11
55%
65%
58%
58%
11
55 ya
65 Vi
58
55%
—
—
3Vis Series No. 7
—
13
59
49
55%
8
55%
65
*60
9__
10
12
:
*75
*56 3
*58%
—
14
57
—
—
16
*56%
*56%
—
3Vis Series No. 17
—
3%s Series No.
18
19
*56%
.
—
65
83%
56%
57
63
1
67%
60
55%
55
59
62%
62
54%
62%
57
57
3Vis Seiies No. 23
V.—-
3Vis Series No. 25
3Vis Series No. 26
—
"
57
—
*56%
63
60
*56%
3Vis Series No. 30
1957
1958
1950
j-j
1954
A 6s
U962
18%
A-O
1962
A-O
Af-N
Af-N
1957
—
J-D
1961
J-D
1961
j-d
1961
A-O
1961
f
s
—
22%
j_d
21
26%
19
27%
18%
23%
17%
■
106
22%
—
26%
19%
25%
17%
Sinking
A
fund
Czechoslovakia
18%
1949
'
-
':
20
3
17%
1977
J-D
5
19
9
17%
y>.« 5
—
1,
19%
8
2Ej%
17%
1953
43%
72
Vi
23
40
*77
90
72
44
6% )
extended
75
*16%
41%
62%
42
*31
37
M-S
♦23%
24%
101
16%
40
36
15
22
16%
6
15%
16 %
73
14%
15%
16%
24
14%
21%
A-0
*8%
19
21
A-O
9%
A-O
*16%
A-O
9%
J-D
M-S
15%
J-D
9%
-*•'2
9%
8%
3
7%
*33
1
33
27
27
—
44
50
80 Vi
79
97%
76
78
96%
•16
20%
8s_„_1946
(State of)—
1921—
*102%
102%
102%
100%
20
111%
116%
110
2
104%
107%
106% 106'/8
1
105 %
115%
1952
A-O
106% 106%
1
106%
115%
I960
A-0
8;!'%,Ci75
69
1
tsyr-nr"!;',
24%
21
38
26
33
39%
*24
J-J
A-0
31
25
33
27 Vi
33
41
27
25
35%
30
30
39%
23
35
34
,27%
23%
1946
1999
1968
A-0
40%
*35
26%
35
*31
J-D
32
35
30
37%
u-m
2004
1967
j-d
2004
1952
1952
2001
1957
2012
--
28
*32
J-D
1966
*23%
34
*24%
2012
29
*24'/a
"a-o
26
26%
#
Af-N
27
Af-N
67
*25
--
27
1936
8s
j~-j
*39
1999
j-j
39
39
1
j-j
*39
—
—
38
38
M-S
Stamped pursuant to Plan A
(Int reduced to 2.25%)
A6s extl dollar loan
2004
1968
j-j
Stamped pursuant to Fian A
(Int reduced to 2% )
2012
a-o
1940
a-o
2.5%)—
water loan
—
—
s
f 7s
*33
J-J
35%
;v-'
":':■
...
*
—
35%
85 «/4
42
37
31%
42
41
44%
68
Stamped pursuant to Plan A
(Int reduced to 3.5%)
A-0
1978
70%
71%
3
'
71 Vi
For
64%
44
67
33%
65
56%
—
55
40
60
33
55
85
91%
40
65%
80%
Financial Institution*
FOREIGN
SECURITIES
FIRM TRADING MARKETS
r-ARL MARKS &
JL * Jkemmmammmammmmmmmmmmm
po. INC.
mammmmmmmmmammm
FOREIGN SECURITIES SPECIALISTS
90%
50 Broad Si., Now York 4,
Telephone HAnover 2-0050
.
34%
31
35
*39
—
31
35
40
2
~
~
—
39
31%
33%
24
40
--
32
33
27%
—
27
*
39
25
—
29
*25
31
31
24%
V
37
--
J*/
reduced
v
23
—
*32
—
1999
(Int
-
A
1950
(State)
I1
*26%
104%
118
69
21%
..f>
mmmmmmmmmum
■117
*100%
29%
32
"
*33
21%
21
16%.
7%
8
8%
J-J
8
,
9 Vi
12%
12
J-J
__
54%
47
18%
106
31
24%
—
53
50
54
110
For footnotes see page 32.
-
A-O
to
102%
99
105%
90
Stamped assented (int reduced
to
25
__
Af-S
16%
J-J
ASlnking fund 8s series B
93%
25%
■
*40
117 Vi
93%
27
18
7%
—
•19%
*40
75
102
Af-N
26
21 Vi
ser A.1951
——
104
27
20%
20
•
F-A
debti__!
(Rep of) 8s
98%
105
90%
27
43 Vi
j-d
Af-N
4Vis
5Vis
'
27
10
A-O
M-N
Af-8
1914
—
A-0
2006
2.25%).
(City of)
external
IA Secured
19
22
-
1947
to
reduced
Paulo
27%
*71
1946
7s
w—
96
99
99
100%
*92
A-O
2001
(City of) 6%s
(City) 8s
19'A
*71
a-O
1949
loan
105%
105%
89
.1961
8s
Paulo
25%
19%
M-W
external
88
9
'
20
J-J
1951
4Vis
90
32
92
J-u
1956
'
21%
A-0
7
10™
ACosta
External
40
92
23%
A7s extl
25
|
'
21 Vi
F-A
J
33
97%
89%
94%
23%
27%
•
of
90
90
A-O
F-A
27%
*
20
__
ASlnking fund 7s of 1927—___1947
Copenhagen (City) 5s
1952
25-year gold 4 Vis
1953 7
5s
90
7
106
2012
28'%
1
__
5
(Republic of)
92
24%
—
92
27
18%
20 Vi
M-S
Oct 1961
(Rep of)
33%
40%
13
30
18%
-
—
M-S
IA Colombia Mtge Bank 6 Vis
I ASlnking fund 7s of 1926
Rica
97%
F-A
19%
•19%
*'
—
21%
jjf-N
1951
bonds
94
95-1
Stamped pursuant to Plan A
21%
Af-N
Jan 1961
$
25
94
<
A-O
A8s
28%
(Republic of)—
3s external
Cuba
27%
•
19%
21%
i960
1928—;
*24
94
2001
1953
1
.
21
-
-I960
'A68 of 1927—
30
33
--
1958
1947
1968
1950
1963
7s
fund gold
de Janeiro
55
'
1962
5s
25
39%
1966
f
s
assented
AExternal sink
31
-
22%
1962
(Hukuang Ry)
21%
A-O
6s
Cons Munic 7s
33%
40%
27
1940
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28
18%
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-
22%
—
A4%s
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J-D'
1957
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34
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IA San
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1963
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i
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1963
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21
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29
34
26
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23
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1970
1955
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82
79
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1960
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s
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1965
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1961
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1963
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1
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s
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63
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__
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63
55
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57
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6
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32
40
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63
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I 5s_
2
13
43
7
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to
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s
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1952
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85
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57
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1958
55
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70
4
57
57
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72
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23
31
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1994
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!
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2008
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24
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11
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1944
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28
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.
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1979
$
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1979
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~
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100
105
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s
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1979
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109
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62
1957
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1
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1957
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1954
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1955
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1949
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42
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45
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77
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67
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THE
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Monday, January 26, 1948'
RECORD
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Friday
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or
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1952
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> 7%
42%
AIO
_Ll970
1982
-
11
55%
GO'/j
58
J-D
Detroit & Mackinac 1st lien gold 4s 1995
73i
*50
J-J
59%
•->>
/
3%s series G——1966
7%
J-D
y,
81
7%
A-O
-
Lake—■'
Salt
&
Income
Detroit Edison
40%
77
60;
A"(3% fixed
ser
contingent int)
contingent int)
100
*78
1
Denver St Rio Grande West Rit—
.
i% ^contingent" int)^——-1993
*63
M-N
A
112%
M-N
M-N "
division
4-6siL—L-May 1 2042
Delaware Power & Light 3s
.1973
1st mtge & coll tr 3%s.^-- —-1977
107
101
100
65.
A-O
.
91
106% 110
83%
F-A
A-O
106
Coll
&
AInCome
A-O ?
1973
.1993
—
mtge due
113%
F-A
J-D
1st ,& ref M 5s-ser C
1207/a
108 y2
107
7
51%
104 %
M-N
*110
114%
110
(NY) 1st cons gold 5s_—1995
Elgin Joliet & East Ry 3%s
1970
J-J
*141
•/:_>'
145
195
M-S
102
102
102
106%
El Paso & S'western 1st
...1565
A-O
104% 104%
101%
112%
^10R5
A-O
Ed El 111
5s
stamped
5s
*104
-
'744%rv
34%
3 11 v
.
•
32.
1
u.36% !.36%
63 Vz
37
76%
Delaware, Lack & West RR Co—
N Y Lack & Western div
107 Va 107 3
107%
'
' r
101%
98%
53%"
'-39
■
/
81% /"82 '
33% 35
.
1>
-
-92%
*86-
53%
;
Delaware & Hudson 4s extended___l963
111% 112%
111%
'•
101 %
1
j-j
y2s ser A deposit ■tcts_-i-L-__1946
A6s sex B deposit rct.aLc—~um^UM6
,
,-..97% / 98:v
jd
Ry 1st 5%s____1942
36
98
99
j-j
M-S
gold—ii.,—..i. 1952
30
102
debp-——1965
IA Cuba Northern
114
108%
106% 106%
M-N
1st. mtge
110%
York—
ser
3s
102%
*105
F-A
A^_4.__1982
mtge 2%s ser C!
Baking
106%
103 %
104%
*wz\-
'
A../
New
ser
63%
100 %
101 %
110%
s101%
;
3%s___'__1965
Cigar Corp
"mtge-2%s
106%
•
,
gold
Edison
Pwr-
Crucible Steel
98%
98
69%
j-j
1-1961
80
98
.
F-A
1st. & ref
113%
105 Ve
76
F-a
River
92%
>105%/
97
j-j
Conn Rf
Conn
99%
17
mtgb 3s sOTies L.__.wa.*!
..1977
<fe L lst'-& ref 4%s__-.__1951
1st
:
j-d
1972
■ • 1,.
111%
,1960
(4va% to Aug 1 1949)
1974
IA Central RR &
Banking Co
5s stamp (partial
redemption)—1942
For footnotes see
>>355 >
F-A
a 7
112% 112%
1987
Champion Paper & Fibre
90%
72%
-
1977
yv
.
Commonwealth
«•:
>>
'
-
27 Va
3
1955
; (i
U
*61
—1987
Power
-
,(
85
1970
1st extl
109% 109%
109 y4
—1987
4s
registered
New
67%
12%
'■'
Terminals'Co—
Columbus
> 106%
4
101% 102
Central Pacific 1st ref
gtd gold 4s_1949
1st
864
•j-d
_
28
A-O
1959
5s registered
AGeneral
428
84%
1990
3s
109 y®
109
J-D
AChatt Div pur
money gold 4s__1951
fAMobile Div 1st gold 5s
1946
Central Illinois Light 3%s
1966
{ACentral
15%
100
__
97
41
112% 113%
109
1965
ACent Branch U P 1st
gold 4s
1948
{Central of Georgia
Ry
§ Alst mtge 5s
Nov 1945
§ AConsol gold 5s
1945
A Ref &
gen 5y2s series B
1959
-
99% 100
■
100%.101%
J-D
gold
Can
42%
F-A
'
103% 106
J-J
1969
4%s
Guaranteed
Guaranteed
334
'
5s
Guaranteed
91%
60%
69%
89
a-o
1991
4s__
4%s (stamped modified).,
Columbia Gas & Elec 3Vas debs
42
87
:
100%
78%
39
102
j-d
Dayton Union Ry 3%s series B—1965
Deere is Co 2%s debs...^—,-L_—1965
M-N
5s~A~ Il962
66% '96%
16
'
98% 103%
92
105
393
83%
101%
949
71%
,72
Continental
104
«5%
*101%
A-O
63
89%
J-j
m-n
^.—1993
1st mtge 5s series B
1st mtge 4%s series C.._!
Colorado A Southern Ry— 7
'
61%
J-J
1976
Guaranteed gold 4y2s
Guaranteed gold 5s
Guaranteed
14%
60 %
97%
101 -Va 102%
14%
102%
M-S
El_^_._1977
Daytoif jPf 'At' Lt'lst mtge, 2 % S.l'^1975
California Elec Power 1st
Calif Oregon Power 3
Vis
67
ADepoSiU.Tec.eiptsi--.--L---—
I960
—
68 V'a
Di./.LL.—..1972
Consumers Powerr 1st -mtge- 27/as__l975
>92';./ 103%:
96
Mioh
ACuba RR- 1st 5s
1952
1934
61%
i-j
1st ft ref 3s series
102
>
90 L
93V*
1955
-L
5s
102
'
97%
59%
'
64
vfV
j-j
Seriek^&. 3%s gtd_j.i_LL_iL^/.i__1950
91%
66
^
&
1st A -ref
26
97
105%
j-j
mtge 4s. ji_c.1 ^
^_ 1982
Clevfeland )& Pittsburgh..Rft^Series (J 3%S; gtd,.Liiiy___ii^i.l948
96%
75%
__/.
;
98%
96 VA
603^ "
-j-d
1974
BL-L".
Consolidated Edison of
104
42
93
Jf-N
96%
.51
*102%
1969
Wab
Consolidated
98% 101
100 Va
92%
81
26
{Burlington
Consolidated
100
*—•
1950
mtge 2%s
§ A 1st & coll 55
Bush Terminal 1st 4s
*__
*101
F-A
Buffalo Niagara El 1st mtge 2%s__1973
Buffalo Rochester. & Pgh
Ry—
Stamped modified (interest at
3%
103 VA
1954
-
Bklyn Union El 1st gold 5s
Bklyn Union Gas 4s debentures
Gen
103 %
96
A-O
1960
;_LJuly 1970
95
97%
M-N
1955
1st
97%
97 %
M-S
1§67
1st
97
m-n
I—__19701
ser
Cons mtge 23/4s ser J
Boston & Maine RR—
'•/'.
64 %
; 89,.
96
j-d
•
..1969
Columbus & Tol -1st extl 4s^-
91% ,100%
.
Cons
62
96%
•J-j
1975
-1 V
G_____
ser
Columbus
A-O
3y2s___195l
Telephone of Pa 5s series C—1960
Beneficial Indus Loan 2y2s debs
Bethlehem Steel Corp—
;
64%
99%
'
5s^4952
1st mtge 5%s series A_l
83
,
1951
stamped
88%
49
89
.J-J
.1951
cons
1st
•
97
Aroostook RR—
4s
Beech
J-J
62
-M-N
___1963
impt 4%s series
Cleveland
76
66
68
M-S
1951
Cleve Short Line 1st gtd «4%s
78%
Toledo
ser
series
5s
&
Cleveland Elec
59
83
28
96 y4
5s
mtge gtd- 3%s series
General
84%
48%
82%
24
68 %
56
A-O
1934
4%s<>8eries Dii_i_i._.1962
St L Div
J-D
ila-n
99% 100%
53%
j-j
Cleve Cln Chic & St Louis Ry—
: General
:^old 4s„_-iir_i_i...i^l993
73%
May
1980
Apr
.L
4s___
45%
99
66
.
j-j
LLL___.:Lj_ravL._I_y__i988
{AChoctaw Oklat li-iiGulf
73%
.
32
87
__
""
'
j-j
74
59%
m-s
A
4%s==Jan 11999
Cine Gas &' Elbe 1st mtge 2%s
Cincinnati- Union- Terminal—
contingent interest) —
series
54 Va
mtge .3 y»s< series F,
Cin
m-s
Feb 1 2010
67
::*88 %
—
ij-i
89%
fixed
due Dec 1 1993
41%
41
66%
mtge
lst
86%
61 %
income
41
j-j
j-j
3%s_L_iijL.LLiiLLl^iiJi.iiil951
Ref
Pgh Lake Erie & West Va
Ref
79 %
60%
J„4.
conv
66%
1956
City Ice & Fuel 2%s ■debsiiiii
1966
City Investing Co-4S debS-_^.._^L^_1961
J-D
(2%%
49
Gi—______.1963
30%
103%
due Mar 11996
K
23
41
67
.
56%
100%
1st
due Dec 11993
due Mar 1 2000
Series M
Ref & gen
mtge
and
88%
55%
Chic & West'n Indiana
oony 4s__^1952
107%
■
Ref & gen mtge 5%
(2% fixed
and 3% contingent interest 1 —
y
84%
56%
.
111%
28
45
2003
IncoUieS% i4%s_i.i'_Li:._Li____l994
Chicago-Union Station1-/ : '
-
107
101
61%
j-j
Chic Terrt Haute & S'eastern
Ry-1st &'ref M -2%-4%s__._._^,__1994
118
88
58%
Apr
of. deposit
88%
140
76
Apr
Chicagd Sf L .& New Orleans
132
71
118%
85%
A__Jan 12019
ser
80
115
•«».
85
j-j
inc
Certificates
115
>
\
; ■
44%
J-J
1983
.1994
:
98%
95
104
j-j
B_i_____Jan 1 2044
ser
conv
*72%
M-N
'
115%
92%
RR—
Memphis Div.lst gold ■4s_^_-
29
A-O
V
fixed
Pac
Gold
115%
.
95 %
JW-N
4%-s- f exyifftef^sty ZitiitliLiL£LL20i9 r-.
•*.
& Ohio RR—
mtge 4s ser A——
mtge 5% ser B (4%
1st
&
A__
ser
1st mtge 2%s
1st
A____Jan
95%
100
104%
100% 101
J-J
—1948
102% 102 %
•104
25
1935
Jan 1 2038
ser
conv
1st
Baltimore
4V2s
1st
/ m-s
38%
^.1997
;
106 %
105%
107%;
90%-400%
36
5s
99
114
.Nov
92%
j-j
95
RR—
B
81
5
92%
119%
105%
.
F-a
IASecurfed 4 Vas series A__i.^__l952
A Conv
«old AV'aS-...:
Li:
i960
1st M; 4s ser A^w
i_i__^__^_"____1994
Gen .M 4l/2s ser; A*w
iLiil'£:___i'l2019
Fe—
General 4s
mtge
AGeneral 4s
112%
119
;
114^8
112
'F-A
jARefunding gold
100 Va
,
124
107
100 y2
105%
101% 102%
*75
Q-J
•A-O
124
112
103%
92
132
112
1st
102%
107
107 %
124
F-A
mtge 3s ser- B„
,_^,___a_1989
{Chicago Rock Isld & Pacific Ry—
101%
100%
101
10-:
1977
84%
91
.24
108
91 %
88%
102% 103%'.
102% 103 %
•*LL;/.ZLl7/:y
___1985
conv
ser
mtge 4%s inc
A
143%
120
103%
101
Iliyh
121
108
88
1,481
102%
inc
mtge
2nd
Low
:15
1
*_L
Chicago & North Western Ry—
73
'92
inc
3%s
Gen
108%
•
j-j
B
3V2sl
4%s
109 %
100
No.
,
,
mtge
Milw
1st
102%
103%
.
Range for
Year 19+7
Sold
High
j-j
mtge 4%s inc ser A___Jan
Chicago Ind & Sou 50-year 4s
105
34
J-D
—1966
.
-
85
1962
5s
104
105%
r
L-L
/
■
1987
gold 4s—____July 19.95
'
Bonds
123% 123%/
F-A
Chicago Ind & Louisville Ry—
Chic
Friday's /
___1970
series
mtge
mtge
AGen
34
96%
96%
92
103
/'"
1
r-
92
M-N
Chicago & Erie 1st gold 5s__„_.__l982
Chicago Gt West 1st 4s series A
1983
102% 103%
L
102%
87%
J-D
198R
104% 104%
*97% 100
<«
,1969
A P W Products
Atchison
J-J
.J
4%s
ref
AGen
101A
34
1957
debentures---
debentures!
Ann
:
j_1961
Amer Tobacco Co deb 3s___
3s
A-0
_1986
debentures
conv
F-A
1975
debentures
conv
j-
•:>r-
1956
debentures
2%s
2%s
or
'Bid & Asked
1958
A 2d
28
*100% 102
•
,4':.
A-O
American Telephone &
Telegraph Co.—
23/4s debentures
1980
!««
•——.''V
A-O
2030
5s
V- V
ref
&
'1st
17%
100.12
*27
M-N
Allis-Chalmers Mfg 2s debs
Week's Range
Last
j-j ;v
_____1989
ist & ref mtge 2%s_^
21%
5%
5
*100/2
M-S
.—1952
3y4S—1967
mtge
'
Sale Price
M-S
1996
;
Chicago & Eastern 111
90
18
__
6 V'a
1992
.
35%
*7%
&
1st
l
100
RAILROAD AND INDUSTRIAL COMPANIES
Adams Express coll tr mid 4s
A Adriatic
Electric Co 7s
Period
Low
4V2S—
—
80
"t:.
80
gold
General 4s
Alst
Alabama
'
Chicago Burlington & Quincy RR—
130
—
90%
*76
•
.
F-A
A4yas assented
87
121
132
80
t
A-O
1958
external 7s
>
impt mtge 3 y2s' D____
2d consol gold 4s^w
■
84
90 V'a
'
,
y
.
.J-J
AVenetian Provinces 7s/
nWarsaw
(City)
Interest
Exchange
Ref & impt. M. 3 %s-series
E_____1996
R & A Div 1st'cons
gold 4s
1989
26
20%
101 %
■
'ill
v
81%
.M-N
—1978
readjustment—_1978
conv.;
10%
6
,
M-N
1979
conversion
37/8-41/8-41ftas extl
Ref &
_.
*120
-
4-4Vi-4Vis extl
•'
General
10%
13
Yl. :''
'
> /
1937) —
readjustment
5
4
'•
6s
33/4-4-4'/as
New York, Stock
High
4%
5
*120
fund
.
f
-
85
F-A
sink
8s
Y
8%
AExternal
External
Low•
5
6
J-D
,
1958
assented
M-N
M-N
secured
series B
(Prov
High
Friday
BONDS
Year 1947
Chesapeake & Ohio Ry— '/>>'•■
A8s
A4 % s
Range for
Sold
(Kingdom)—
A 7s
ASilesia
Bonds
Bid & Asked
121
105% 113
Volume
167
4667
Number
YORK
RANGE
Friday
bonds
York
New
Stock
Last
Period
Sale Price
Railroad
Gen
asl
mtge 3'/4s ser E
cons
1st
cons
iso-*
mtge 3VsS ser F
1st
cons
1st
cons
3 Vis
mtge
2s
mtge
1990
ser
G—_i-r2000
H
ser
.lflftT.
Ohio Div 1st mtge 3Vis^——1971
V
High
Year
No.
BOND
A
.—1961
_!_1959
1st & ref 5s series A
A
Certificates
of
1974,
67
66%
A-0
*__
J-J
67
95
■
82
85 *
99 3 j
Louisville
94
1st
1001/4
103;
102 Vi
102'/2 103 V4
J-D
55
105%
100'/4
56
567/8
1856
M-S
103
103
&
Co deb 5s
&
1951
3Vis
M
3%s
M
ref
series
72 Vi
Atl
Knox
&
.
j-d
103
103
103
:/>■/■ 1/
Corp—
A
4s
inc
conv
Goodrich
Great
debs
(B F)
Co
mtge
Co— : V
Northern Ry
General
SVis
General
5s
_1969
series
series
m-s
2%s_1965
1st
m-n
=
>
Gen
mtge 3V»s
mtge 3Vis
Gen
J-J
1976
J-J
1990
J-J
,'«1
0__-^1—,
ser
'
j-j
-1973
!
ser N
831/2
2000
mtge 2%.s
ser
P__
1982
mtge 2%s
ser
Q
_2010
ser
R
1961
Debentures
ctfs
»*'•£.
-...
;
r
J.
Central
1st mtge 61
Manati
MS
Gulf
Mobile
1st & ref
Gen
1st
&
il
1-1959
RR
inc
5s
84
97
MS
RR
4Vis
*6
cuii
oer
1972
j-jy
n
RR
(Southern
7%
7;--j/.
•/
a-o
*100%
J-J
.a.1969
2044
ser
M 2%s_ ——1970
' '
A-O
—
'
25
,
*oai/4
•
58
/'; 921/2 vt*' V2
7'= 57% 7§0,V>
*93»/4 •947
/
'
1'-'
1
.
;
.W
931%
Hudson
Finance
Coal
1st
Corp
f 5s
s
2%s
series
40-year
Adj income 5s
94%
.
*120
J-D
—1949
1957
Feb 1957
7.94%-*94%-77:
/;
J-J
•'
7-1-
Prior
'*
M-S
•••
7.«.-
F-A
62
A-O
lien
ACuin
77'. 20
7;
7, ,/V.
T"", v"
102 »/4
90
77'. 235"
104%
109%
48%
.
64
13%
:
Illinois Bell Telep 2%s series
A—;_1981
1st
gold
1st gold
'
3VuS^
•
gold
3s
Collateral
Refunding
1951
J-J
1951
1951
gold 4s_!
MS
23%
Collateral
trust
Refunding
102
M-S
5s
>
Gold
100 v4-
M-S
M-S
Western
1st
Lines
gold
1st
gold
Registered
111 Cent and
Joint
V:
1st
3'/as
'
series
Terminal
1963
1963
/
8
i ;7 25
81%
M
101 y4
100%
96
102
•
89 v.'
'
Ya
99
2
951/8
14
Va-
96
_1:
92%
91.%
85
78 %
95
July 1952
B
100
•
87Va
78'%
96%
74
96
61
85%
65
86 Vi
1956
3
''.74'
58
1974
Kentucky Central gold 4s
1987
Kentucky & Indiana Term 4MiS—1961
Stamped
221/2
24%
51
50%
52%
52%
Gas
35V2
38V4
574
18%
39%
75»/4
75
77%
386
621/4
85
76
75
77 Vi
129
63
84%
241
15%
32
63
84%
63%
17
A 1st
*—
•
A
A-O
New
j-j
cons
1964
/
102
7'
*97
MS
7
7
,
96
/
•
•
*1*11 '.!-•
>
■
.
5s—_—1964
l
!
'..
--
j-d
77*
1954
2003
modified^
4 Vis registered
N
1231/2
%■:
57%
57
581/2
32
53
63
72%
72'/4V 73%
64
65
74
67%
67%
67%
46
59
68
88%
89'/2
15
89
M-8
F-A
98%
27
48
J-D
*96 Va
M-N
97 Vb
*
-
■
MS
V*'>
97
■'
100 Vi
2
,v,
112%
102%
•
180
187
,
99%
-7
<
>,
&
109'/4
115%
124v2
10
100%
101%
109
;
90
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82
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—2003
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1965
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1951
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_196?
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1949
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stamped
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226
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1974
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1974
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1949
.
page 32.
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1956
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1955
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1977
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198®
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1
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2000
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2003
stamped
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1952
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100
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1954
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63
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1983
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1974
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70
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1944
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1976
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1950
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1975
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49
1977
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1972
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1978
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1956
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91
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1967
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1954
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106
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1950
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1963
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1966
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—1951
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1951
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1955
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1978
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80
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1949
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1966
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1958
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1955
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Greyhound Corp 3s debsi
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110% nov4-".;
J-J
AGreen Bay & West deb ctfs A
A
40
98%
117
J-J
mtge 2'As
110%
J-J
Gen
V
>
J-J
Gen
Gen
83 %
98%
>1.;
..1952
:
General 4l/as series D
83%
;'V
'»■>•
1
B_
C_.
•v
>
Year 1947
M
106
103%
Range for
Sold
No.
101% 102'/4
1980
4s
&"Co 2%s debs
(iiH)
Macy
Maine
65'/a
101 Vi
Bonds
High
*109 % 110%
J.
May Dept Stores 2%s debs
11949
31
Rang*
Friday's
2003 ;;
3s—
Cine Div
A-O
2003
F—
2%s ser G
St Louis Div 2d gold
AManila
Gas & Elec of Berg Co cons 5s
General Realty & Utilities
or
Bid & Asked
F-A
—1966
Nashville RR—
ref
1st &
103 Vi
49
57
48'/2
6s
trust
Sale Price
105%
100
*100
MS
(P)
Louisville Gas & Elec
94%
.99%
M-S
Last
Period
1963
102%
78%
V-
Week's
Interest
Exchange
Low
Lorillard
•V.i. 82
;,T; v
"80
*95
York Stock
81
=:, 99%
82
'
•
'
J-J
Friday
BONDS
•
59%
deposit
Francisco Sugar coll
(451)
High
.
/'
35
M-S
Af-N
C
RECORD
New
> >
Firestone Tire & Rub 3s deb
IFlorida East Coast 1st 4%s
»Vhm
ENDING JANUARY 23
1947
Low
.
J-J
FOR WEEK
Range for
Sold
Co—
inc. 4%s ser. A-—Jan 2015
mlge
Bonds
Friday's
01
Bid & Asked
Low
Erie
h#av
i
Week's Range
Interest
v
Exchange
#
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW
.••/' «.* ;
?> xyt
-jr
.
v<r
*95% 101
96% 101%
32
THE COMMERCIAL &
(452)
YORK
NEW
Interest
Last
Week's Range
or Friday's
Bonds
Bale Prioe
Bid ft Asked
Sold
RECORD
Year 1947
Friday
Low
Friday
Low
No.
High
Stock
1st
1975
i
A-O
1975
2%s
mtge
*11
J-J
m-j
f-a
94
94 Vi
5
*—
A-O
A—1960
16
94%
Union
Oil
2%s
1976
1963
J-J
Nor
93
103 Vi
Souinern
Bell
103
RR
2%s debentures
1985
debentures
&
ref
3Vis
series
I
ft
ref
3s
series
J
ft
ref
3s
Pacific
1st
ft
ref
3s
1st
ft
ref
3s
ft
ref
3s
J-D
J-D
101%
101% 102
series
101 % 101 Vi
'
8
.1974
J-D
100%
100% 101%
1979
J-D
100%
100 Va 101
68
N
1977
J-D
1981
J-D
109%
99 Vi
54
M
series
108 va,
101'/4
107%
*107
109
101%
12
L
series
1st
J-D
1971
Ry
2%s
Gold
Southern
109
Pacific
mtge
27/bs
mige
104
lst
mtge 2 %s
95
97%
97%
98 Va
21
96 Vi
92 3i
92%
93%
39
90
104 Vi
Devel
95%
96 V»
95
106%
Devel &
103%
Devel
90%
100%
126
99% 100 Vi
21
126
98%
,
•—mi-
109%
91%
92
11
89%
104%
95%
}
16
94 Va
103 %
81%
96
81%
95
96%
58
■
jf-a
95
E
ser
'
Jf-N
92
lf-N
87%
J-D
ser A .1978
2%s series F
19
65
4
81
97
91%
92%
69
88%
87%
83
101
100
—
90%
102%
98 Vs
83%
83 Vi
4
8
100
100
80
104
Co^—
RR
1st
95 Va
93
81%
1969
lst
95
103%
*121
.1977
A
mtg3%s
109 Va
100% 100%
93
98%
99%
.
J-J
1981
lst
109 V»
99%
99%
39
10
92%
92%
J-J
4 %s
100
91
■1
-
98 Va
Co—
(Oregon Lines)
San Fr Term
1
;•
High
97%
••
.1994
Gold 4Vis
108%
1968
1970
K
scries
Low
65
20
""
Year 1947
No.
93%
*15
"
'fv'v'wJ.
F-A
.1987
Indiana
lst 4%s
'r'
Range for
Sold
l ei ft Tel Co—
Southern
1st
gtd Sa
debentures
3s
106%
Ala
'■
•
Bonds
High
93%
A-O
1979
93%
J-D
South &
& Electric Co—
1st
A-O
J-J
2%s
1st
•
F-A
Southern
Fscifio Gas
1971
1966
107 Vi
102%
debs.
Corp coll tr 7s
Skelly Oil 2%s debs
Socony-Vacuum Oil 2%s
99'/a
97
Bid & Asked
1941
93%
103 Vi 104%
103'/a
Week's Range
or Friday's
Bale Prioe
Low
19
10
12
100%
100-
100%
Last
Period
Exchange
High
ASilesian-Am
1948
Interest
BONDS
New York
Shell
1974
Monday, January 26, 1948
JANUARY 23
Range for
Period
BONDS
BOND
FOR WEEK ENDING
RANGE
New York Stock Exchange
FINANCIAL CHRONICLE
.1986
J-J
1 .1996
J-J
.1901
J-J
.1994
J-J
.1956
A-O
.1956
.1956
.1996
J-J
80%
80%
78
78%
*90
94Vi
78%
94 Vi
74 Vi
6
89%
•
1st ft ref 2%s scries
1st ft ref 27/eS series
Pacific
Tel
&
Tel
Q__
2%s
2%s
debs
debentures.:
1985
debentures
3Vis
J-D
1980
J-D
1986
A-0
1987
;
Paducah ft 111
1st s f gold 4 Vis
1955
Paterson ft Passaic G ft E cons 5s_l949
A3 Via conv
Pennsylvania
Pennsylvania
-.1960
trust
104 Vi
33
97%
18
97Vi
lOOii 100J1
1
—
99%
98 Vi
98
Co
100 Vi
25
100%
103%
12
110
100%
100
105%
105% 107 Va
A-O
96%
J-J
_.__1932
2%s debs... .1966
deb 2%s
Sunray Oil Corp 27/bs debs
.1966
I960
96%
100
V
80
1980
Jf-a
61
V
:
Apr
' '
.9019
J-J
2%s
deba
;
1974
:V
J-J
1961
v-
57%
12%
99%
99 v2100 %
37
1997
1974
f
s
103%
Texas
J-D
1937
4s
75%
39
J-J
*—
-
.109%
105
98%
99%
99Vi 100
47
98%
98 Vi
99 Vi
43
97%
98
98
12
97
105
107
114
98%
13%
*11%
f-a
13%
'
'
'•
J-D
*90
V'
92
lst
8
12 Vi
-
:*
2%s
103%
12
115
100%
27/as
102%
United
106
106
U
94
107
Jf-R
J-D
106
A-O
106
85
M-R
*102%
S
108
:
115%
2%s
107%
Universal
109%
101
8
101
125%
102%
104
100%
Cons
104
103%
J-D
101% 101%
1
101
101 Va 101%
1
101
105%
J-D
1
75
A-O
88
88
1
73
87%
87%
2
73
J-D
s
series
B
1962
5s
series
C
—1974
Il977
87 Vi
87 Vi
noox 102
101
*116
115
lst
J-D
*118%
J-J
•100
J-J
105
Jf-R
1988
Jf-B
__
J-D
1976
r- a
97%
97%
1991
jf-a
90%
90
1966
A-O
97
1976
Jf-N
92
.1967
A-O
1959
Jf-S
2%s debs.
3%s debe
Pictures
RR
f
cons
4s series A
1955
1957
Coal
2%s ser b
lst gold 5s
1949
2003
1958
...Jan 1981
101%
107%
Ward
113
*7
90 '
14
,w.w.
90
5
8%
1
107
Baking Co—
(subordinated)
5%s debs
105%
111
108%
Washington Terminal 2%s
145
162
164%
Westchester
240
237
242
Gen mtge 3 %8
West Penn Power 3%s
Western Maryland 1st
104%
Ltg
ser
J-J
99 Vi
99 Vi
99 V4
7
V
97% 103%
84
24
*101% 103%
--
} -91%
102
99%
Louis-Southwestern
bond
inc
25-year gold
30-year 5s
MS
US
US
107% 107 Vi
15
*104% 107%
MS
1949
J-J
>7%
108
7%
8%
104
9Vi
J-J
5s
Bt Paul ft Duluth lst
ISt Paul ft Kansas
65
:
us
J-J
110
;
64
66 Va
>
41
110
20
*97 Vi
lst
mtge
Air
Line
RR
J-J
81 Va
2022
May
52%
US
1990
gold 4S.1968
/''■-'
Winston-Salem
^Wisconsin
80
80
88
88
82%
178
79%
V 52%
54%
226
37%
101% 102 Va
101%
34
*80
J-J
89 Va
;
IA 1st
S
J-J
J-D
90
90 r,
Wisconsin
Public
92%
102 Va
97
93 7
100%
90%
90%
•
90%
88 Va
1
8
50
100
107%
103
1
104% 105%
a
52
52
*100
101
99 «-
A-O
97%
97
May
99 %
~1
108%
105
107%
106%
109%
214
97 Vi
106 Vi
32
99 %
106
99% 100
95%
103
~7
108% 108 Va
*106
107%
101%
100
*_.
60
.9
107%
107% 107%
99 Va
113%;
M-N
96 %
M-S
90
89%
90
J-J
82%
81%
83%
J-J
101
M-S
M-S
60
Jf-S
57%
J-D
;
-1960
58 Vi
>
>
:•>.
.
'v
r102;: 102
.76
Va
103 Va
.
106 Vi
100
102 Va
95
8
-f.
,
103
57
,.-55%: •-..'72 Vi
L-.
< .■
•
A-O
v;-:
/.%:.: 1
.
103
97
•''..
12
-
:-.v
100%
9
68
';99%.-^
% : :
J-J
>
93 Va
>
.* 95Va'. 06
■■
.
*109
106
93 Va .101%
lOO'/a
105%
116%
•
118%f
—
d64
1949
J-J
1938
jTn
deposit
of
61
>
M-S
95 Va
75
27
98%
103% 103 4i
J-J
1958
lst 4s
101
59%
57%
Jf-N
98 Vi
76 Va
63
71
■
.
98%
V,
79%
26
96%
d64
73%
71
25%
209
11
23%
.
3
:: V146
82%
60
75%
66
24%
15%
'
of
deposit
L-J
18
21
17
50%
52
::
98%
99 Va
03 Vi
65
*92%
93%
36
211
2%s
1976
J-D
Service
3 Via
1971
J-J
93%
94
25
94
102
104
2
93%
104
103%
109 V*
9
57 %
Lt ft
Power 2%s
104%
78
1976
*_.
J-J
97
97%
100%
90
105
_
32%
106%
130 y4
Deferred
Included
in
delivery sale not
the
included
in
year's range,
the
51%
126%
138
Power
92%
105%
63 Va
75 Vi
89 Vi
*94%
y~.
general 4l_.
Electric
not
*127
J-J
23
12
J-D
1967
]
■
B
Wisconsin
"
U-JT
76%
92
J-D
1970
lst mortgage 3s
105%
83
A-O
1989
94
80
4
78
92
75 Vi
1971
D
ser
Central Ry
Yonkers Elec
83 Va
96
—
.5074
77%.
2361
i ASu ft Du div ft term lst 4s
a
1971
lst mtge 4s ser A.;
1995
AGen mtge 4Vis ser A..:
Jan~2016
Seagram (Jos E) ft Sons 2Vis.
.1966
78
92
J-D
F-A
106%
101
81%
'
J-J
1941
106
94 %
J-J
.1951
guaranteed
-
Wilson, ft Co
93
Co—
—
111
98
F-A
1951
;
4s
3%s
15%
97
1989
Scioto V ft N E lst gtd 4s
104%
100 V*
107%
15
Q-Af
..1950
Wheeling Steel 3%s series C
64%
98
J-J
Nov 1989
gtd 4Vis
Union Depot 3Vis B
2
"l
2014
A—..Jan
Registered
13%
♦—
A-O
1958
1997
RR
94
98%
18
97%
F-A
^1960
lst
7%
City—
JAShort Line
109 Ve
98 %
2361
Shore
7%
72--
.*._
—
Ry—
cons
102%
97
A-O
1950
;
A Certificates
1993
Gen ft ref gold 5s series A
100%
96 %
9C%
Jf-N
Wheeling ft Lake Erie RR 4s__
1949
1 Gen ,&• ref M 2%s series A....1992
v
1934
1971
ctfs
96 %
1952
inc
4%s
2s/*g debentures
r*
••
1941
certificates
bond
95%
2
:
100
1966
Funding ft real estate 4%s_.
West
105
MJ
1937
A..Jan
97
1967
Westinghouse El ft Mfg 2%«
83 Vi
•
Jf-R
1957
,
ser
100%
97
M-N
1970
series.I
Pacific
■!
Jf-R
1909
A
stpd gtd
5s
A Certificates
A
103Vi
89%
19
Union Telegraph Co—
4'-
ser
98%
98
•
'
4s
106%
84 Ve
97
95%
Apr
1970
102 7/8
*210
*103
■
A^nd mtge inc 4Vis
96%
2
92%
100
Apr
Warren RR lst ref gtd gold 3%s__2000
Washington Central Ry lst 4s
1948
*141
1977
b ^°c^y Mt ft P 5s stpd
Louls-8an Francisco Ry Co—
'V
17
__
J-D
107
,
Lawr ft Adir lst gold 5s
2a gold 6s
21
28
98%
91 Vi
111
Apr
Jan 1991
105'/a
98%
9
,
R
A
95%
100
*
105%
J-J
.1964
ser
105%
104%
RR Co—
Jf-R
1st ft ref 3 Vis ser D..199B
Revere Copper ft Brass 3
Vis
i960
3a
104Vi
96%
108
Jf-N
B
ser
J-J
Reading Co
Power
112%
10
V97
97
A-O
1995
5s
cons
Western
4Vis stamped
94Va
100%
98%
J-J
gtd 5s
113
101
r
RR
102
105%
12
__
<>
Jf-S
lst
lst mtge 3%s ser B
1971
Walker tHiramj G & W 2%s debs.1966
Walworth Co conv debentures 3%s_1976
fi
ARutland
94%
107
98%
Jf-S
1975
Coke
ft
2037
Louis lst 4ViS—
ARut-Canadlan 4s stpd...
•
-105%
..
Jf-N
2037
! a^a1 Ark A
i
.
F-A
B
g
series
4s
1968
J__
104
.1970
1973
series
100%
*95%. 101%
102 Vi 103%
Western
3Vis
100 Vi
96
*•102%
*96 %
deb_
3a
Gen mtge 4s inc ser A
Gen mtge inc 4%s ser B
...
__
F-A
1957
Gas & Elec Corp—
Gen mtge 4Vis series D
Oen mtge 3%s series H
Oen" mtge 3 Vis series I
79%
2
J-D
jf-a
104
91
W
*115
1977
Rochester
100
57
107
Virginian Ry 3s
117
J-D
1954
Qusker Oats 2%s deb.
17
80%
59%
.
56%
RR—
Iron
103
f-a
1968
ft ref mtge 8s
78Va
.
a-o
& Southwest
Wabash
5s
«t ft ref
mtge 3s
1st & ref
mtge 5s
57
91 Va
1949
Public Service El ft Gas 3
Vis
79%
A-O
105
91%.
A-O
87 Vi
Ashtabula Ry
Securities 4s
utf° «ldence Terminal 4s
%:'. \ ioo %: 100 vi
J-J
99 Vi
137%
94%
92
i960
a?
69
124
Virginia Electric ft Power Co—
105%
J-D
1958
—
98 %
J-J
lst ft ref mtge
1950
mortgage 3%s
% .98
103%
89 %
3
16
.1967
2%s
Va
1950
a
100
J-D
91%
8
90
124'%
.1976
tr
dlbentures
Vandalla
127%
85%
5
102% 102%
105%.
107%
119%
9
__
J-J
129
96%
103
121%
3
86
92%
90
Jf-N
Mo
2%s series C.
2%s deba..
Rubber
107%
i.
-*/
104% 106%
A-O
"—.■■■■
92%
.1971
3%e.
of
Biscuit
112
.....
■
116%
15
56
124
.
1974
debentures
mtge
102
120
♦—
98%
*-a
Calif
of
Pacific
109%
*102
116%
Corp 2Vis daba—1961
Va
gen
Seaboard
98
104 % 104%
97%
;
4*—i
debentures
Union
104%
1959
Pitts ton Co 5 Vis inc aeb
Potomac El Pwr 1st M 3%s
Oil
102%
Coal—
A
Orl 3%i_
coll
ft
mtge
Union
14%
99
95
115
,
104 Va V
J-D
5s
Co
Electric
Ref
F-4
gen
St Paul
103%
18
u
Union
102
.
115
A-O
1
105%
9
100% 101
100%
97
8
'
*12%
r-a
1965
1990
2000
—,1909
——1960
Jan 1960
Tol ft Ohio Cent ref 6k lmpt 3%s_1960
Trenton Gas ft Elec 1st gold 5«
1949
105%,
Jf-R
Sen 4Vis series D
A
99%
100
A-O
1979
;
gold 8i_
105%
98
1957
4s
4s
100 Va
91%
108%
99%
I960
lst mtge 3 Vis. 1964
1st
New
income
Trl-Contlnental
US
J-D
gen
4s
98%
56%
99
126%
U-N
F-A
1984
Pacific
Third Ave-Ry .1st-ref
130
120
J-D
IIl963
1st mtge 4Vis series B
lst
mtge 4Vis series C
A2d
45%
;-
,
3%s aer ■
Pacific-Missouri Pacific—
A Ad J
106 Va
1953
ft West Virginia
Ry
mtge 4 Vis series A
lst
5
10
94
97%'
.
Jf-N
3%s ser C
ref M
Term JRR of
116
i!:hv
M 3 Vis ser B
rel
ft
Texas
.
105
106%
1949
i5bJJ??h 5J?®1 series B 4^s
lst mtge
*®t mtge 4 Vis
at
104%
124
92%
A-O
-1986
RR—-
1.1966
Gen ft ref M
106%
98%
121 %
J-J
1971
Pittsburgh
lst mtge
92%
'■
101
Co—
Pittsburgh Consolidation
3Vis debentures
series
:-77
8
■:v
ft
1st ft
-1st ft
106
of
Youngstown
118%
95%
A
23
at imp M 4s ser C__.
Ref ft imp 2%s series D_^
"91% 118%
1
61 %
:2L.
M
I977
4 Vis
Pfb Cine Chicago ft St Louis
RR—
Oen mtge 5s series A
1970
Oen mtge 5s series B
1973
mtge 3 % s ser E
1—1973
St
105%
92
Bt Louis—
Ref
Texas Corp 3s deb—
Texas ft New Orleans
>
2%s_
!KLC0£e £ Chem
125%
92
37
F-A
gtd 4s series G
Cons gtd 4s series H
Cons gtd 4 Vis series I__
Cons gtd 4Vis series J
ft
51
117
102
•
13
.
100% 101
J-J
-
118%
101%
23
97Vi--98%
80
A-O
1981
Electric
•
'J-J
1974
Cons
*»fUenay
51
106
.v..7.
99%
J-J
.1971
Co
ft
(N J)
Terminal RR Assn of
96%
25
96%
96
97%
.-><
ior
101 V»
96 Va
96%
A-O
......Apr 1990
tr
>
'
Cons gtd 3Vis series E
Cons gtd 4s series F
1st
99 Va
F-A
122 Vi
J-D
v
»,
Calif
.1971
104
100% 100%
112% 113 %
,
fi;'
J-D
1985
coll
I
112%
Jf-N
F-A V;
deposit
ni*»
Petroleum 2%s debs
1964
Pittsburg Bessemer ft L Erie 27/8s__l990
Pgh Cine Chicago & St Louis
Ry—
♦
of
Swift
_i__^__l984
ser
i
^Certificates
I't
2
102 Va 102 Vi
%
105
115
105 Vi 107
99%
106
106
—
-
5
lUJ
106 Vi
Jf-W
^Philippine Ry 1st
1st
J-J
A-O
102%
1948
1st ft ref 2%s.__.^
1st ft ref 2%s—
1st ft ref 2%s
1st
121
93%
Apr
-1948
General gold 4Vis series C_
Pitts
116%
106%
93%
Jf-N
___
Income 4s
1st
103
Oil
dollar..
4s
mtge 3Vis
Philadelphia
Philadelphia
P
19
109% 110
Oil
A-O
Fhlla Bait ft Wash RR Co—
General 5s series B__i.
.
106% 107 %
A-O
ASpokane Internat lst gold 4%s_. .2013
99 Vi
Peoria ft Pekln Union Ry5%s
Per# Marquette Ry 3%s ser D
I
A-O
St Louis Div lst gold 4s
.1951
Southwestern Bell Tel 2%s debs... .1989
Co—
Peoria ft Eastern 4s ext.___.l-
♦
Memphis Div lst gold 5s
104
106%
94%
128
112%
91
Standard
1965
stamped
ref
series A.,
20
RR—
gold
ft
6Vis
gen
1127/8 114
71
67
39
*103%
Gen mtge 4 Vis series E
Conv deb 3 Vis ,U__„
1st
6s series A
gen
113
89
94 Vi
108
J-D
3%s
Light
__
♦
"•
„
4s series A
gen
ft
gold 5s
cons
36 Vi
A-O
ft
1952
sinking fund 4Vis
i960
General 4Vis series A
1995
General 5s series B.____„__.„i968
General 4Vis series D
.1981
A
—
104
103
:'L
-
&
1st
101%
1960
Sand
Power
sterl
Oen
V"
36
38
*
ctfs
Cons
■
A-O
Jf-R
1973
Glass
Pennsylvania
1
*103
*102% l —;.
Ry
Standard
E
1st mtge 3s
3s s f debentures
4s
1:
J -J
JT-fl
Co—
series
Consol
101%
Airlines—
lac debs
Pennsylvania
4s
8/
12
101% 101%
101%
Southern
'
Pennsylvania-Central
Gtd
95%
A-O
98 Vi
G
ser
99
58%
101%
n
included In the year's range,
d Ex-Interest,
e Odd-lot sale
Under-the-rule sale not included in the year's range.
rCaan
year's iange.
y
((Negotiability impaired by maturity.
pound
the
unit of
bonds.
Accrued
Interest
fThe price represented is the
payable
at
the exchange
rate
of
93% <98
dollar quotation per 200$4.8484.
under Beetlon 77 of
tCompanies reported as being in bankruptcy, receivership, or reorganized
Bankruptcy Act, or securities assumed by such companies.
-
76%
•Friday's
a
vtonris
bid
and
ppllinK
Rat
asked
prices;
not
sale
Ex-coupon.
no
sales
being
transacted during
current week.
x
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4667
167
Volume
(453)
NEW YORK CURB EXCHANGE
WEEKLY
AND
YEARLY
RECORD
th8 weet'and
following extensive list we furnish a complete record of the transac tions
when
MUlni outslde
r«*«
« •""»
the New York Curb Exchange for the week
beginning on Saturday
Jan
17, and ending the current Friday, Jan. 23.
It is compiled from daily reports of the Curb Exchange itself, and is intended to include every security
whether stock or bond, in which any dealings have occurred during the current year.
!
In the
RANGE
Week's
Friday
Last
STOCKS—
York
New
Exchange
Curb
'«
■'
Shares
'■
i
'
—
,
for Week
Low
Par
FOR WEEK ENDING JANUARY 23
Sales
Range
of Prices
Sale Price
on
High
Low
'
New
York
Alloys
1
common
10
1
Acme
Aluminum
Acme
Wire
Adam
Aero
Co
Hat
Inc
Stores
Supply
Stores
Ainsworth Mfg common
Air Associates Inc (N J)
Air
Investors
100
2%
4%
700
3 Va
Jan
5%
Dec
12%
34
Oct
Feb
2 A
300
5 Vb
Dec
11%
2'A
--t.
5%
2%
900
1 %
Dec
3%
Dec
7
Dec
•'
—
13%
200
7 Vb
13
200
6%
--l
■:
'.
—
10% May
6% Nov
3
—
15
Oct
Co
dep rets ord
Ainer
Low
*
bearer
Low
18 Vb
1.000
s
British Columbia Power class A
Feb
4%
Class
—•
B
•
20%
16%
18
150
.
.
31
A--"''.
:
July
10
50c
10
preferred
60c convertible
Air-Way
preferred
Electric
Alaska
Alles
Power
38
Bros
Co
Co
common
of
Ltd
Bantam
American
4%
Jan
60
77 Va
Dec
92
Mar
75
87
Dec
108
Jan
Burd
2%
3
1,000
Jun
Burma
Jan
Burry
Aug
Butler
Dec
6%
Aug
11%
3%
Dec
S2.50
Hard
American
American
6ft
Apr
25
Dec
13
Dec
14 Va
Dec
161'/a May
195%
Feb
167
*
2
Metal
Products
Co
Co
17
•
Dec
5
1 %
Dec
Chem
4 Va
8,100
17%
700
17
9,200
'32
Nov
100
108
Dec
600
2 Vb
2%
33
36
31
31%'
V/b
450
100
class
15%
17'.8:
31%
31%
15%
3%
3'A
16
Oil
Amer
3.600
Co
Appalachian Elec Pwr 4'/a ft
35
35%
35 Va
35'A
36 VB
4.200
29% Mnv
23
24%
9,800
16% May
3t% Dec
24%
32
6ft
A
pfd
<fc
"U.CVa
Feb
4%
5
500
4%
Aug
5%
8
8%
1,300
7%
Jan
10%
8
1,100
6
5,900
%
42
non-voting
■-
5%' Apr
3 V«
11%
9%
1,600
7 V4
Jan
102'A 102%
Castle
250
y98 Va
Dec
4% May
8%
1.800
5 VB
5
5%
4.900
3% May
3% May
10%
10 V2
1,800
•12'A
13 Vb
500
14%
15%
13,600
15 Va
Jan
114
9% May
10 Va
V
Atlantic
Coast
Line
Nov
4%
Jan
900
3%
Dec
3%
Inc
4
54 %
100
Collieries
Corp
'
Barium
-•'■■•$1.20 convertible
Basic Refractories
J
"v
Inc
Beam-Brummel
Beck
(A S)
Ties
Aircraft
Bell
of
Benrus
Watch
&
'
Berkey
Co
Hedges
Convertible
&
Bickford's
Inc
Blauner's
Blue
Blum
Blumenthal
Bohack
7ft
(H
1st
(S)
C)
&
Co
Scrymser
Eourjois Inc
Breeze
Traction
Corp
.
Feb
9%
For
Co
common
A
footnotes
see
page 37.
79
79
74 %
Dec
96%
Feb
18%
18 Va
85
9
5
85'A
75
9
9%
11,300
Va
200
preferred—100
15%
17
350
67%
68%
230
America
80 V,
11%
II
3%
8
8
-2.50
10
May
24%
Jun
48
May
83
Jun
22 Va
Jan
23%
Feb
Oct
15 Va
Nov
Va
Jun
4%
Jan
9%
Nov
Oct
300
3%
12
1,700
2
200
8
,
f
to
24%
50
10
65
66'A
"150
—4
17
17%
300
5
Feb
11 y*
11%
li
3%
Jan
102
Dec
8% May
12
Apr
12% May
1
common
21'A July
15'A May
Dec
8
A
Feb
14
19 Vb May
27%
Oct
69 '/a
77 Va
Jan
19
Nov
Dec
May
14
*
5%
5%
100
4'A
Dec
7 %
Oct
*
Lines—
trust ctfs
5%
5%
100
4
Va
Dec
7%
Consolidated
Chief
Oct
1
1 Vb
2,600
%
Dec
1% Mar
107
1
100
107
10
Mining
34
400
1%
Sep
3%
Jan
7,800
1 %
Dec
3%
Jan
9%
Jan
15%
Dec
29%
Dec
6'A Aug
9%
Jan
16
16
-
1,400
5% May
SChilds Co preferred
51 Va
34 Vb
12 Va
13 V4
5%
11
4%
1,400
150
300
50
5'A
12,600
common
—
7%
Clark Controller Co
1
Nov
Clarostat Mfg Co
Claude Neon Inc
1
Jan
18
—15—^Nov
Dec
16%
Dec
Clayton
•
Mfg
Club
Alum
Products
16%
200
17.
5%
5Va
,5%
-•1,200
13'A
13 V4
13 Va
550
Co
,87Va May
33%
61
•
Dec
8
Oct
42%
July
>
3% May
Jan
14 Va
9% May
16
Dec
11
Apr
6%
Oct
May
19%
Colon
Plow
Co
5'A May
9'/a May
7%
Feb
20 %
Feb
16%
16%
400
6
'
1,800
1%
8%
9
19
2
133 Va
550
94/4
1,000
,
19
50
Colonial
8 Va
3
7
—
2%
2%
17'A
17'A
•
8%
18
8
100
Va
7%
3—
17%
8%
300
425
Dec
8% Mar
__
—i
8
8%
Colorado Fuel & Iron
Co
Manufacturing
Commonwealth
I—25
14%
Shoe Machinery—-
Compo
"
Vie
ext
1
•
...
preferred
$3
Consol
3%
Jan
{
Feb
\
G
4% ft
4ft
& Coke Secur
E L
common
F
Bait
series B preferred
preferred
series
Dec
11
Oct
Consolidated
Gas
23
Feb
Consolidated
Mining
100
C
100
Utilities
&
i
Smelt Ltd
Consolidated
Consolidated Steel Corp common
Consolidated Textile Co
15%
9
9
23
10 VB
•
'
10
Va'
Continental
Car-Na-Var
.11%
Feb
Continental
Fdy &
4
Jan
Cock
&
6%
6%
6%
500
4% May
8
7.900
3% May
7
Feb
36%
Nov
4%
>4
30%
32
500
4%
30%
5
500
1
1U
a
i'«
27'A
U2
27%
25%
150
Jan
ft
Jan
34%
Jan
Vtf Aug
25%
Feb
July
5% Aug
3% May
5,100
Dec
17%
Dec
Cooper
Brewing Co
100
8%
Dec
15
Apr
Copper
Range
37% May
55
Jan
May
132
Apr
37
Feb
Corroon
Dec
17 %
Jan
$1
Dec
22%
Jan
Cosden
7%
22
Va
Dec
20
Feb
Jun
26%
Jan
6V» May
31
Dee
500
6%
6%
5
nGO'A
68%
2
Jan
43
Feb
Dec
111
83%
101
*
Jan
8'A
76%
1,000
111
109
101
120
107'A
Dec
118%
Jan
103
120
101
Dec
110%
Jan
400
x7 Vb
May
9%
Jan
975
8%
78
76
63 Vi May
85'A
Feb
21'A
Apr
3Va July
35% Nov
1,200
7%
Jun
15
2.800
2%
Oct
3% Aug
19% Feb
41% Feb
3'A
3 'A
3%
200
3IV2
31 %
31%
1,500
12%
13%
2%
2%
2,300
—
xG8
69
♦
10c
10% Jan
Nov
Jun
% May
34 Va
_1
i0%-: Dec
■
>■
.'■>'<>
22'.
m
Feb
LHiHi36P.h.Feb
Paint
Varnish
12
13%
37 Va
37%
250
1
—
2%
500
10 Va
2%
10%
10%
1,950
convertible
American
1
A
•
common
1
class
"0
5c
Reynolds
Petroleum
Courtaulds
Croft
Mines
2%
12'A
31 Vu
*
&
preferred
Creole
common
Co
Cornucopia Gold
5ft
Co_
1
1
Co
Coro Inc
Jun
14
,
•
Jun
%
•
*
Corp
Machine
7%
2,300
Dec
11%
10
Oil
Jan
Dec
700
4%
Dec
2V4 May
Nov
24% Mar
11%
.2%
143A July
*
Royalty
5,400
75
Va
Oct
7'A May
6% May
21
23
May
6%
*
*
common
Jun
116
;•
Feb
3
•
Jan
50
9'A
—
13%
3,400
6,100
1
1956
to
Gas
4,600
4,400
Nov
4%
25
2%
30
15%
Feb
7%
warrants-
35%
125
14%
28
Feb
4'A
1
Southern
&
Apr
9
:*
19
9 Vb
warrants
Colt's
Sep
50
27%
Feb
ll'A
6%
4 Vb
.May
40
26
500
1,000
Jan
7%
'
1
Commodore Hotel Inc
180%
Dec
16
122
'
Oct
15
4%
_1
Colonial Sand & Stone Co
Jan
23
May
IV2 July
132
40
122
2
10'A
27
•
ordinary
Airlines
1
18
1%
10
25%
26
•
common
Development
'
Conn
131
41
Jan
5
2
148
Jan
.g«v
-'v':
132'A
1%
4
20
May
10 Va May
93
23'A
13-Vb May
_1
common
Lambert
&
Clinchfield Coal Corp common
V-;-
Cockshutt
49 Va
34
12 Va
Service
Auto
27
300
*
Feb
40
Feb
2%
DfcC
IOV2 May
"•
5%
•
Mfg
17Vb
2 '4
491/3
*
Class
Nov
30
8% May
45/8
5%
Brillo
8%
50
300
•
common
43%
3,800
9%
300
1
Bridgeport Gas Light Co
Bridgeport Oil Co
May
8'A
32
7%
9%
'
25
& Power
Jan
11% July
250
100
Light
Mar
9
10
*
Co
Apr
11
City & Suburban Homes
1
common
3
Apr
Dec
Jan
5
1
common
Sep
9
5%
9
1
preferred
Borne,
Brazilian
Co
.-Jan
79%
32
7%
10
of
20
Dec
100
6'A
100
Co
July
300
1%
6 Va
1
1929
Co
4%
Oct
Dec
119
.v,
100
Fdry & Mach Co com_*
-
24,800
,•
300
1
common—
f%
lo
lo
10
100
—
31
Ridge Corp common
(Philip) & Co Inc
"4%
5
100
100
pfd opt div ser
Dec
110
Dec
7%
55
Jan
15,100
600
1
common
Birdsboro Steel
Dec
43%
11%
»
Furniture
5
90
3 6'A
preferred
Gay
600
110 Va
400
1
Inc,
5'A
51
Va
11%
7 Vb
100
common
10
33%
___l
common
Jan
5
V-
!
common
6%
Stamping—
14%
V\.
Canada
Benson
-
^
Shoe Corp
Bellanca
Tel
■
200
City
25 Vb
1
!•••
8%
Cities
7
1
—
Vb
Mar
Feb
5
common
5
51
45
«,
Community Public Service
'
5Va
•;
■'
• -
Jan
3 3 V2
Feb
11
Bauman.(L) & Co
8%
Jun
1% May
Sep
3
175
1,100
July
14
1
A common
"1%
42
7
25
1
Corp
Seelig Mfg—
2_
37
ahares
Steel
Barlow Ac
1%
38%
1 %
■
165
63
30
.
Jan
Nov
150
Apr
3% May
Locomotive—
American
Jan
15
24% Mav
—
'
15%
9 Va May
50
5
•
preferred
9% May
100
i
100
Chicago Rivet & Mach
Chicago & Southern Air
B
7 ft
9%
2,000
—Of)
Baldwin Rubber Co common
Banco <ic los Andes—
Nov
May
7,600
com^___3 '
*
May
22
V
100
10
9%
—
1
preferred
opt div ser
Aircraft
May
4%
nsl... A
Baldwin
^fan
18
28%
5
Babcock <fc Wilcox Co
10
.
10
Light 4ft pfd
West Corp
South
10
Co—
Power
&
Voting
20
26
4
•
new
& Co
Power &
Jan
1%
Feb
23% Mar
.
Jan
22
1
preferred
Chamberlin
11% May
V; 150
26
1
common..
Nov
19
5%
2% May
17
Dec
4%
25
& Sons
8%
Jan
Apr
26',a
.
'
preferred
Ayrshire
%
25
54 %
i
,
Voting Machine
(B F)
6ft
100
50
:
-
Automatic
100
1
7%
8%
1
•
1
Co
Atlas Corp warrants
Atlas Plywood Corp
Automatic Steel Products
Avery
8%
1
7%
*
10
*
Corp common
Cherry-Burrell common
Chesebrough Mfg common
:■
Dec
1,800
2s 6d
Co common
Charis
Associated Electric Industries—
£i
<v
dep rets B ord
Maine
Cessna
Fed
Mar
6%
•
NoVt_
Century Electric Co common
15% Nov
8
1,000'
2%
Nov
1
Co
Conv pfd
Mar
14%
Jan
Biscuit
Corp of America
Conv
Jan
"7%
pfd——•
Ohio Steel Products
Feb
ll'A July
Jun
Light $5
&
Ltd—
(AM)
7 ft
6% July
6% July
3% Mar
18
•
ICentral States Elec 6ft
114% Mar
1,600
5%
4%
Dec
20
2.50
1
Central
Oct '
Jun
2'A
1
common
Central
Feb
3Va
100
20
1
Kennedy Inc
Power
3.50ft
700
2%
18%
.*
Co——
Co
,(J W)
Catalin
4%
6%
•
100
Casco Products common
■''
Atlantic Coast Fisheries
&
Amer
Carter
July
x5 Vb
10%
13 Vi Aug
?7%
7%
•
Central
5%
110%
1
American dep rets reg
Associated Laundries of America
Associated Tel & Tel class A
Baxter &
Carr-Consol
,
Jan
24
5
2.50
Co
Dec
10
10 34
Feb
/
4Va
__
•
Marconi
Carolina
Jan
7%
Jan
2,400
•
1% Mar
7
Ltd—
preferred.—
Carrerifs
Feb
9 %
May
~4
-
Nov
Nov
Alcohol—
Industries
Carnation
Jan
1%
63
5 VB
*
%
2%
•
voting
Central
1%
10
Refining
Dec
May
16 Va
4%
Oct
7,100
2,700
at
3
♦
non-voting
Carey
Oct
7%
102 %
Feb
19% Mar
16
•
Capital City Products
Feb
9 '/a
U
2%
•
common
preferred
Industrial
Canadian
Dec
800
i
Light $7 pfd
Aro Equipment Corp
Oil
<
~~li!
♦
Power &
Ashland
43
47
100
common
preferred-
Arkansas
May
46
100
12%
10%
15'A May
10% May
100
20
A
7ft
bep \:
Feb:!-.
"~%
5%
Jun
1.200
'
43%*?*b
23 %
5%
Feb
2%
-
5
:
Ltd
B
Carman
35
1
;
Canners
Canadian
Oct
25%
1
Dec
26 Va
2,800
1
Ltd
Co
Class
pph
48%
1
Manufacturing
class
41/,
Jan
5
48
Feb
•
1
Insurance
Class
17% July
Jan
£1
Angostura-Wupperman
Common
Apr
Va May
2
preference
Jan
15
%
Feb
Jun
2%
1
Bread
Canadian
32% July
35
Ltd—•
Arkansas Natural Gas
24%
500
46
9
32
14
4'/a
'•
—
Cement Co Ltd
Oct
Dec
Fire
Convertible
Feb
2
75
100
17%
£l
Power
6 % ft
Jan
21%
37%
5
common
common
Argus Inc
51
Jan
1,100
5
dep rets ord reg
Apex-Elec
Sep
43
i
2% Mar
23% July -
12 V* May
•.
pfd
Corp
Canadian
Jan
2
preferred
Co
49
23
•'>
Products
Anglo-Iranian
Dec
14 V2
700
3%
May
27% Mar
15% May
5% May
11%
2%
50o
common
^state
Electric
Canada
Jan
45
10c
Inc
3%
28 Va
200
1,700
47
\i
(
Canada
Frb
29% May
15 Va
Dec
__2
Seal-Kap common.
Superpower Corp com
Co
Dec
Products
Tungsten
Camden
May
40
7,300
.
8%
25c
dep rets 5ft
Sugar
California
Callite
Jan
43%
22 Vb
•
Angerman
23
113
45
10
Paper
Calamba
Jan
•
A
Republics
Post
7%
13 Va
15 3 4
Amer
Anchor
1
43%
16 VB
Dec
14
12%c
Wireless—
&
American
Nov
•
B
American Writing
Cables
Feb
96
May
May
110% 111
31
American
$6 series preferred
American Thread 5ft
Jan
Electric
Cable
3% Mar
34 %
'
33 Vb
33%
110%
6%
6%
65/»
Feb
19%
11
11 Vb
rets
common
Feb
4%
17%
•
1
Corp Amer dep
H)
47
,
2.50
Ring Co
Biscuit Corp
(P
2,300
20%
Dec
Feb
1%
70
2
!
&
105 V*
300
2% r
1
j
Meter
Dec
3,300
1%
2 Ve
25
common
American
Potash
410
1%
25
Mfg Co
174
167
2Va
25
common
American
Class
19
800
20
American Maracaibo Co
American
91
100
11%
25
preferred-
American
400
25
2,400
1
Co
Mach
Light <fc Trac
American
94
/•
8%
•
Hill & Sullivan
Piston
'
Dec
25
8%
5
Ltd
^
Jan
Jan
11
1
preferred
Rubber
Laundry
Bunker
-1-
1
common
Mills
'
21%
Feb
80
25
57
1
common
Nov
25
93 V8
10c
common
preferred
convertible
American
23%
Jan
11
100
——_
Corp
Jan
48'A May
25
10
preferred
convertible
15
54
£'3 Va
i
common-.—
American Gas <fc Electric
$2
300
13
•/'
Co
L)
1-—
Distillers-.
Co
Buckeye Pipe Line
Light—
;
American General
18%
18%
5
54%
—100
Hoe
Dec
5V»
1
-
<k
7'A
2%
1
Co
Car
Power &
Fork
Silk
500
100
B
4% ft'
(E
6
s
•
Beverage common
American
Bruce
81
*
American
-.Class
Jan
93
-5
common
American Cities
V
80%
common—•
preferred
American Book Co
9
92%
6
Aluminum Goods Mfi?
—
*
Aluminum Industries common—-,—*
Aluminium
Rubber
1
—.
America
^93:15 cumulative
■
Forman
Brown
1
common
Internat Investing Corp—
Allied Products
(Mich) common
Altorfer
6
Brown
Jan
Dec
2
1,200
Feb
5'A
50
Allied
Aluminum
2%
%
100
pfd
Inc
Fisher
&
6,300
1
4.20ft
Airlines
1
2'A
2%
—3
Appliance
Alabama Great Sourhern
Alabama
%
1
Dec
Bruck
Convertible
jA'reon Mfg Corp common..
Jan
Dec
1%
20%
__
25
2'A
—
Dec
12 Vb
£1
dep rets ord reg__———10
High
17%
11%
Ltd—
Celanese
Amer
Range for Year 1917
High
17'A
£1
dep rets ord reg
British
Feb
Shares
Feb
12%
for Week
American Tobacco—
Amer
Feb
7
British
Sales
Range
of Prices
Par
Oil
Week's
Last
Sale Price
Exchange
,
British-American
Feb
5%
2
common
Dec
Jan
23
1
•
5
1
stock
capital
Mfg
Surpass Shoe
Agnew
2%
4%
Curb
High
<
2%
ACF-Brill Motors warrants
Friday
STOCKS—
Range for Year 1947
preferred
5o
—
3 %
—
5 %
—
0
10% May
May
26
2'A
dep
receipts
Brewing
Co
(ord
ll'A
1,700
3 "a
13%
3%
400
2%
13%
200
ll'A
Jun
5%
5%
2,900
48%
49%
100
3C %
40 A
10,100
25%
Jan
1 Va
3,500
1 '/a
Dec
Jan
1
—
1 Va
Dec
Feb
Jan
14% Aug
6%
3'/a May
36
Jan
4%
Nov
4V4
39%
lVs
15%
9 Va May
10%
reg)—£1
5
11
iV Dec
200
Ltd—
Petroleum
3% Aug
Feb
Dec
8% July
v
Dec
51%
Nov
33
34
THE COMMERCIAL & FINANCIAL CHRONICLE
(454)
NEW
YORK
Week's
Friday
Exchange
Curb
for Week
Shares
LOW
Par
Cent
5
5%
Crown
Cork
A
•
Crown Drug Co common
Crystal Oil Refining common
$6 preferred
Atlantic
5%
4,700
15%
100
15%
3 Va
3%
1,500
3%
Apr
100
•
common
Curtis Lighting Inc common
Curtis Mfg Co
(Mo)
A-
18%
18%
!
18%
^ ]03
'A:,*,*,.! :v*;
Dec
14%
Feb
Gobel
6
Dec
10%
Feb
Godchaux
4
May
7%
Dec
Class
B
Feb
$4.50
prior
VwA
33
110
-vy w-
2.5o
■
6%
15%
20
Dec
Goldfield Consolidated
Oct
Goodman Mfg Co
350
Dayton Rubber Co class
Dejay Stores common
Dennison
Mfg class A
debenture
8%
Derby Oil Co
Detroit
Steel
Devoe &
Corp
107
Jan
17
Jan
8
Feb
CO
Oct
Co
£1
Dominion
Tar &
Chem
38
21
100
9%
12%
700
155
Sep
2%
2% May
Dominion Textile Co Ltd
5%
3%
Aug
24,
Sep
Apr
16
4%
1,000
-
'
Dunlop Rubber
Co
17%
2,300
3
•
2,200
9
100
Jan
Dec
15%
Jan
70
Dec
25%
Oct
9%
•
100
1st preferred
Northern Paper
Utilities $4.40 pfd—
;
99
136
„25
47% May
9% May
400. A500
Feb
7
100%
May
8
Sep
14
Feb
95% May
112
July
133%
Jun
145
39%
Jan
47%
Nov
Dec
15%
Jan
97%
800
Dec
114%
Feb
11%
Jun
15%
Feb
.
325
135% 136
110
42%
common- .25c
Products
Stores
100
7% May
100
:
...
stock
common
Lime
Gypsum
41%
527/8
1,0 jO
9%
9%
9%
600
•
.100
103'/a 104
,
9
100
*
Alabastlne
8c
Hall
Lamp
1
--
Co
Apr
•
•
—
Ltd—
Feb
Deo
Hartford Rayom«nn»mnw
67
71%.
72%
100
75
75
200
75
100
12
Oct
Feb
25%
Jan
Feb
28
May
M0%
Nov
54
50
54
Deo
70'A
•
36%- Dec
'
—.
48
Feb
106
Dec
Apr
Ltd—
,.
7%
'•
13%
13%
13%
13%
14
■
'
Feb
5
2% May
Feb
4%
Feb'
6%
200
6'A May
9
Feb
900
7%
9% July
15%
16'A
1.700
JDept Stores common— ..
...8
a 8%
8%
Mining Co
/
—25c
11 . .
10%
Helena' Rubinstein——^——-.———* Y If *2% f-ti l
9,'
3,000
111-
725
1 if:
11%
6%.
7%
•
Corp
■"£ 16%
.'
2%
Hearn
Hecla
■
a
■
5%%
preferred w w.—
preferred w '.Wji
4%
H
v;
Heller Co- common^. .—,—2
Henry Holt 8c Co common
Nov
May
13
17%
Feb
.12%
Feb
%
Dec
97/8
Dec
14% Mar
400
9%
Dec
23
Jan
150
10%
Dec
16
Jan
8
Feb
13%
9'A May
1
Jan
Dec
85
Mar
6%
6%
22 %
54
2,500
8%
8%
800
3%
26%
100
3%
Dec
100
23%
Jan
6%
—
8 %
5
100
107
21 %
53
—
.21 Vb
-
Dec
72.
—
10
,
Dec
2';
94'/«
1
Heyden Chemical common:
(Br 8c Co class A..
;
% 800
.•/Y, v.AAY
__
—100
..100
,
...,
Hoe
Dec
Feb
15%
19% May
250
x35%
49
57
Mar
Feb
-.
Aug
10%
Feb
6%
7% May
Feb
10% May
•
18%
May
Feb
700
4%
4%
Sep
9 ,4
'
-,7%
2%
__
■
1
r
Holllnger Consolidated G M
....
13%
Nov
5'% May
2,300
3.3%-
*
—.
8%
6%
Dec
79
8%
100
3, v.
1
Hat Corp of America B non-vot com—1
Jun
9%
100
Y .7%
Harvard Brewing Co
Feb
17%
May
—L
Feb
500
5%
37%
53%
':,^
^
Nov
9
5%
•
__
1
-
8%
J
.
10
25
Paper..
Hartford Electric Light
37%
9
—1*
Hammermlll
Feb
4%
,_5
—
Hamilton BrldgeCo
33%
•
Dec
■—
V".
19l
10% May
22% Oct
,,
__
--
_•
Jun
1%
56
Apr
Feb
Feb
,; 19%
25
.
12%
Dec
2% May
Dec
1,300
1
12
•
Sulphur
7%
-
Dec
7% Jan
Feb
10%
1
12%
,y,,
12%
•
£q
~~
Co
' '
'
2%
2%
—
•
Amer dep rets ord
reg
fi
Durham Hosiery class B
common—e
Duro Test Corp common
i
Texas
«.•—,
•
Corp
7%
_.
—
Feb
.14
17%
800
6%
11%
1
Driver Harris Co
Power
-AAA
_•
common.
104%
Feb
May
22%
11%
21
20%
.
10%
Dec A ;
11%
2%
2%
23
Ltd
Jan
Dec
Jan
Apr
11%
|
Co
Jan
39
Jan
Aug
__
Gorham
Hazeltine
-
Duval
Oct
8
Ltd
Credit Corp class A
Dominion Bridge Co Ltd
Dominion Steel & Coal B
Draper
.38
Apr
10%
21
1
Amer dep rets ord
reg
Dobeckmun Co common
Duke
May
1,500
19%
20%
50o
Domestic
Higf)
5%
Great Atlantic 8c Pacific Tea—
Inc class A
Hathaway.: BakerlaiuTnfi..
Distillers
'/
Dec
145
'
—
I
B
2,600
'
1
common.
44
'
104'A
'
61%
Jun
% May
4,800
10
58
58 r
Mfg common
Graham-Paige Motors $5 conv pfd.-25 •/v./Ai.-'••'•". A16%, 17%
Grand Rapfdn Varnish _.v
-1
7
•7%
8
""8
••;"'•
Gray Mfg Co
5
8%
6% May
9% May
:
A-
iq
Raynolds class
%
•'
..
25% May
96
Nov
*"■?■■■
Jan
32
10%
x9%
.
i
—
«
+
26%
6%
-
$0
3
Products
Stores
■.Smmm-i
a
Foundry
±
■
'
loo
Manufacturing
Gray Iron
Detroit
Diana
&
>'•.
Dec
28
25
500
7%
50c
common
common
Gasket
Detroit
1—33
A
35
7%
%
,
Gorham
Gulf States
35
——'V.
%
Oct
7%
l
100
39
Grocery
2.80
48
Apr
Great
Davenport Hosiery Mills
••-'
•
-50
—
26%
Low
3% May
3,700
■
-i- '■!
1
Mines
<
_
-:
'A'
3
49%
26%
{>
•
preferred
3%
'.'.I.-.v.
.
Range for Year J 9-17
High
2%
48%
•
Non-voting
Davidson Brothers Inc
■"
■2%
_
_
7%
>
Low
1
Inc common
Sugars class A—
5% May
10% May
100
15%'
6%
Dec
(Adolf)
7% May
'
■
Shares
17%
50;;
YiAA:
:■
for Week
21
4,200
103
Range
of Prices
Par
7%
100
:
Exchange
Curb
High
500
:
—
31%
3
.;
Dec
1%
.
Y/y?-
.
10
Sugar
Cuban Tobacco
3%
;*
preferred
■
6%
.
*Y
25c
Cuban
International
Low
7%
6%
15%
Crown
(Md)
High
7
r>: 5%
7%
York
Sales
Last
Sale Price
8TOCK8—
New
Range for Year 1947
6%
*
1
Week's
Friday
Range
of Pricee
Crosley Motors Inc
Crowley Milner & Co
Petrol
Sales
Last
Sale Price
STOCKS—
York
EXCHANGE
FOR WEEK ENDING JANUARY 23
RANGE
New
CURB
Monday, January 26, 1948
4% May
6%
Feb
Holly Stores Inc
Holophane Co common.;.,
400
11% May
15%
<?*n
Horder's
Hormel
Inc,.',,,■/.
1
,.......*•'.'
-A,
,
—
A)
26
.
—
*
8c Co common
Horn 8c Hardart Baking Co
(Geo
3%
—
A.-.,,....A-
—
•
35
Dec
i
Jun
23
Aug
37
Jan
44'A
Dec
10
42%
146
29
20
50
147
/
■
42%
__
•
•
—
14G
Dec
181
Feb
43
Feb
"
35 %
425
100
107
107
108
Hubbell (Harvey) Inc^.i™-^—_5
> 34%
•
34% 35
Humble Oil 8c Refining.^„ ,
.
•
68%
68
; 73%
Hurd Lock 8e Mfg Co^,,
V
.8,3%-- '4: '
20
Horn
8c
last Gas 8c Fuel Assn
common——*
4%%
prior preferred
100
6%
preferred
Eastern
Eastern States
$7
preferred
Iron
4%
~
Electromaster
Elliott Co
5%
Inc
2%
Derrick
Viuity
$3
Corp
Esquire
Eureka
Eureka
i
100
1% May
50
May
82
40
May
53%
10
10%
800
42% May
6% May
10%
10%
17,000
10%
139%
138'/a 143
4
700
**2%
2%
2%
15%
45
2%
60%
Co
10%
common...*
loy2
155 v
100
8%
600
7
43
,
8Ve
Mar
50
111
Nov
Jan
97/a
Dec
Dec
8%
Jan
13%
Oct
4,800
1%
Aug
2%
Jan
75
43%
Jun
53%
8%
200
3%
11,300
A AY
'
6
May
Feb
12
111 May
27%
L
.
■
9%
1
4%
30 V2
3%
Oct
30%
Nov
Apr
40 '
Apr
32%
Dec
2,900
12
Deo
22%
Jan
50
2%
34
"
2
21
45
Aug
64
Feb
48
2Vb
800
37
250
5%
Jan
4%
Oct
20 % July
5%
1,200
17%
800
18%
25
1%
300
8
—
8%
600
7 Va
Jun
10%
17 %
600
17%
Dec
Imperial Chemical Industries—
Amer dep rets registered
Oct
42 W Aug
5'A Jun
47%
Feb
15
Feb
7%
6%
18
Dec
23
3%
Feb
200
21
49%
Jan
International
Registered
International
Dec
Dec
64 "
11%
Dec
21% Mar
5%
Dec
13
10%
Apr
•12 y#
.
1,500
International
3
Mar
Jan
67/a
Dec
14%'
38%
Supply
5%
conv
dep rets
.1
.
83'/a
85%
Sep;
400
13%
.
.
.
—1
•
Oct
9%
6%
7
1,200
33
35
700
ion
i
com
preferred
~~_1
I*
III
•
Georgia Power $6 preferred
*5
Fab
Feb
9%
•.r-',
•
preferred
Preferred
Gilchrist Co
l
■
6
AAA.:-
.50
L
Dec
56 Va
56
16% ,17
900
1,300
•
«
24
■r io7/8
shs.
.»•
shares-
;/u
"3% ~3%
93
A-—'
-5
A.
A
*+r
<
3
25
-
1,900
*
-111%
-A* J
2 Vh
200
,,
12
Sep
Jim
12
>
Preference
Feb
400
9% May
12%
Jan
30
Jan
1%
3,800
6Va
1
''""
17%
1,450
5%
5%
500
%
%
100
"
%
Nov
Se,p
1 %
16% May
22%
4%
Jan
Feb
Dec
TVa
Feb
Va Nov
1%
Jan
1,800
9%
Dec
22%
Feb
3%
Jun
7V2
Jan
47/a
200
4V2
Dec
6% Ncv
% ./a:
IfOXJ
4%
25
24%
9
;
4va
—
25%
Cc'Ia
25%
5
Corpi.
7%
Dec
7'A
Jan'
Dec
Jun
30
8%
Kimberly-Clark Corp^A?A¥A^
4% %
preferred-.^:——--—A
Kings County Lighting 7 % pfd; B
5% preferred
King Seeley Corp——.—
Kingston Products
;
—
—^
—
Feh
Nov
-.
May
Dec
(D Emil)
Kleinert
I.
Co common.^ j_.
100
I
I
•
4%
110%
16%
19%
14
14%
Jan
l.ooq-
Jan
14%
23%
23%
7%
'7%,
...i
:iob.>
< :
Feb
Dec
IfS July
Dec;,
;'-:»25%
Feb
fi '20
Aug
19%^; Apr- 7%'May
•,.700
Vu 300,
6
19
.
Dec
i14
T? 200
A
v
16%
16%
—i;
Krueger Brewing COj
T 26 % Sep
V<10% Jan
13% May
18%
12
17% July,
Nov
Oct
Oct
6% Mar
Jun
Glenmore Distilleries class B.
Globe-Union
Inc
Sep.
7%
Feb
87%- Fpb
Jarr
?:
69
A'- 17% Feb
Oct
115% Mar
•
Dec
16
4
.V'1%
13%
14%
••
*12% May .
1,400
»
no
:
Dec
1,000-
1%'
111%
July *
'
Nov
14%' Feb
99% Aug
Sep
3.300
38
1,200
4%
16%
mm,
-wl:
Laclede-Chrlsty Clay Products—
Lake Shore Mines Ltd
—;
—1
Lakey Foundry 8c Machine..
Lam son Corp of Delaware...——•.
—1
5
»
^
3
Langerdorf
20%
I
,
Jail
10%
-v
"Ded?
20
'
Aug
193A
14%
4'
.4
15-%
™1
54 '/a
Jan).-
.
108
30
.
Feb
26% Mar
26
May
Feb
<
May
11%
14-
...1
-
";io
40
•40
•
125%
•
6% May
8% May
/
400
.Sit >;i
51-
:100
...1
!.
(I B) Rubber Co:
Knott Corp common—
Kobacker Stores—.—
9%
ioi; 101
.100
.100
15
-
50
9-
9
Key Go common
Ktdde (Walter) 8c Co..
300
15%
15%
Petroleum
18% Oct
May
122% July
12% Dec
pfd.
Lane Wells Co commons————.1
18%
5Va
Feb
1 100
Feb
27%
page
Nov
200
8%
22%
1,200
see
Feb
18 Va
Jun
8 V®
4%
4Va May
13% Jun
24%
v
15%
8
common.
Cu
52 Va
300
.....
8c Co
15%
Dec
.10
!i
•. •
Glass
Klein
100
V
Dec
223'4
footnotes
Jan
25%
■
Mar
Gleaner Harvester
Corp.
Glen Alden Coal
For
Jan
5%
May
109%
17
29
Nov
11% Apr
1% Dec
1,900
11
10%
Lake Sulphur Co—
Brown Stores conimon_;.
Jan
109
•;
Jan
89
115% 115%-,
16
Apr
lOVa
1.000
Jefferson
Kirkland Lake G M Co Ltd.
37
Dec
Nov
60
4% >■<
71% Oct
25
VJ-."'
1%
,V
16%
•1
.
.--i
8.300
16%
•
'V-
!i',:'\l%.
a:
a
.
16%
2
'
•
11%
...
15%
'•
..1.
Royalty
;
Mfg voting trust ctfs__
11
.
1aa;7''.
*
preferred-.
9%
-
Jan
-17%
1,500
96%
4%
Jan
21
45% May
500
•*,.
11% i'c
10%
15%
.
■.
Razor B_.
Utilities common.
Safety
Italian Superpower
11
■
.10
Jan
14
5% Dec
89
-
Apr
.100% Max
•
-
9%
•
Dec
May
100%
'5% "5%
•
Giant Yellowknlfe Gold Mines
Gilbert (AC) common
Gladding McBean
37/b
6% Jan
32'/a
-
7% July
common
Shareholdings Corp
convertible
19%
104%
22
preferred
$6
Oct
Apr
May
3% May
Apt
24-
_£1
General Outdoor Adv &%
pfd
General Phoenix
Corp
General Plywood
Corp
General Public Service $(F
General
11%
2
4%
24
111
Dec
1,000
14%
*
Iron Fireman
Klrby
ord reg
Fireproofing
6% May
4V86>'; - Dec
;:fc 4 > May
2%
4
4
24
General Finance
Corp common5% preferred series A.
General
2,800
8%
2%
Coro"
preferred
General Electric Co Ltd-Amer
8 %■
Jan
Nov
-100
1
21%
Feb
14'/a
15
~
Feb
Oct
95%
94%
Kennedy's Inc—
Gellman Mfg Co common
General Alloys Co
General Builders
Feb
14%
Feb
12%
600
10%
Feb
Nov
Feb
Dec
6% May
11% Dec
1,000
11%
10%
Apr
Hydro-Electric—
Kansas Gas 8c Electric
common
6%
14
10%
100
.
14y8
10y» May
lOilOO
.
12«A
10'A
9%
Metal
Interstate Power $7
Investors
31% July
Jan
24
51%
14
12%
£1
•
•
8
Machine^
Cigar
International Products-
Kalser-Frazer
Corp
Feb
26%
-
Kawneer Co—
Garrett
May
54
25%
12%
Indianapolis Pwr 8c Light 4% pfd__100
Insurance Co of North America—
10
Oct
1% Sep
26%
8%.
10%
37% May
2% Oct
51%
500
200
20% Feb
50
27%
8
10% Feb
7y* May
,500.
:
Apr
16% Sep
100
7%
27'/2
-
Gatlneau Power Co
common
5%
preferred
Feb
10%
Julian 8c Kokenge
,
100
& Ireland
31% Feb
15%
A*.
""
,14%
2%
24
53 %
•
Imperial Oil (Canada) coupon
Registered
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
Jeannette
-
Co
43%
Nor
1%
—
A)
3% NOV
5%
_
(Geo
.
18%
(Peter) Brewing
Fuller
1% May
36
Dec
Oct
16%
—•
Franklin Simon 8c Co Inc_
4%% conv preferred
_I~
Franklin Stores..
Sep
12%
26%
50
convertible preferred;
T1
Ford Motor of France—
Amer dep rets
bearer_
Fort Pitt
Brewing Co_
_H
Fox
4%
May
17%
non-voting
voting
12%
40'%
2^8
24
—
ols Power Co common.
5%
Oct
200
13%
47
13%
1Y§ May
18,900
31
12%
(Phila)
1,400
5c to $1 Stores
Ford Motor Co Ltd—
B
1,500
i'-.7%-7%:
«.
•
5
coupon
10%
4
1
First York
Corp common
$2 div cum preferred
Class
Dec
9JA
5^:
'
Amer dep rets ord
reg
Ford Motor of Canada—
Class A
79%
Dec
11%
K
,
1.
:
;
Illinois Zinc Co common
Jan
43
3%
.
■
Preferred $3.50 series
Fishman (M H) Co—
Nov
Apr
3%
28
fVa ,Feb
Feb
25
1%
1st
Hydro-Electric Securities
Hygrade Food Products
28%'Oct
Sep
40
1%
preferred
•
P Common stock warrants.^.^.u.——
:Huyler'c■ common ...
International
Association
42%
.55'A
$2.25
International
Fire
Apr
5,000
A 600
Sep
'
4%
45
—aa
,
Brewing
Fansteel Metallurgical
116% July
Oct
24 V*
92%
..
iq
Falstaff
100
Dec
Nov'
Jan
Dec
8
8%
i
Fairchild Camera 8c Inst Co
Fairchild Engine &
Airplane
33%
108
Dec
17%
15% May
42% Dec
1,100
92
92
Sep
13%
2% May
Jan
600»
17
Oct
14%
-
17
iqq
I_
Dec
8% May
115
May
740
4%
A
Is
common
Refrigerator
Hussman
77% Oct
10%
1
Oct
75
300
^50
"
4%
225
58%
350
100
preferred
Corp Ltd
Pipe Line
Nov
12
io
common
Inc
57
Jan
11%
4
Equipment
convertible
Nov
52%
I
~1
"
&
82%
65
•
Empire District Electric 5% pfd
Empire Millwork Corp
Emsco
May
35Va
2%
56
3
~
preferred
49
1
-II
1111111
common
Jan
'
•
I
97%
II
B
Corp
Dec
May
,
*
Electric Bond 8c Share common
Electric Power & Light 2d
pfd A
Option warrants
Electrographic
4%
81
425
77%
1
Easy Washing Machine
2% May
200
:
"•
$6 preferred series B
Eastern Sugar Associates—
Com shares of beneficial
int
$5 pfd shares of beneficial int
34%
'
*
.
A
1,000
82
73%
25
Corp___
series
common
.
4
81%
ioo
Malleable
Hardart
preferred!
5%
17%
Jan
29%
Apr
25 Va
Dec
22%
Oct
k
10
».
•
7%:
'
10
2,500
,7s/®;.
:,u 200
20%
21%
;•
28 V ,r
V
21
iy
24
,20
177/a NOV
Monotype Machine.;
5
r
University^—:j
5
•
Lefcourt Realty common
il>/;
Leonard Oil Developments
—_._25 .;
i%
1%
17
Le Tourneau (R Ol
17%
18 %
i
24."
Dec
15%
Apr
8%
•!;8% May,
9%
Dec
34
30
12%
50
Jan
21% May
■"A;. 25
15%
26
1,200 ■••••':
•;
May
■A 9%
5%
1,400 i A
-
7a:>
28
United Bakeries class A—*
Class B
A
6%
24%
•
,
Feb
Oct c>
Jun
24% Nov
:Jan
,Jan
■
•"*'
37.
1
6,800
400
9% May
13
Oct
>
•
Jan
Lanston
500
i;
Apr
5% Jun
La Salle Ext
Inc
_._1
Iq
io
400.,
'
2,900
900 H
7
'
Oct
Jan
,7
May
12
Jan
1
8ep
2
Mar
16
Sep
29
Jan
.
Volume
Number 4667
167
THE'COMMERCIAL & FINANCIAL CHRONICLE
.
YORK
NEW
CURB
(455)
35
EXCHANGE
RANGE FOR WEEK ENDING JANUARY 5>fJ
,7
"V''
7r,1
•'%
'
/.'A*
Vv
Friday
V
STOCKS—
New
••'".•V
-1 '•
York
Lionel
Co
Shares
Low
1
(Thos J)
Loblaw
Inc 6%
preferred- —25
300
13%
Mayi
20%
600
19 fa
Dec
27
27
8
5
_
'•
preferred
dep
24%
19%
20%
8 Va.
20%
,
8%
ii!
___.
A ctfs of dep
Power &
26%
Jan
Sep
29
Jan
Jun
27
Dec
Jan
21%
Nov
lYa May
11 fa
Jan
Ohio Brass
187
10,300
fa
Sep
IV*
•:
5 5 fa
58 fa
325
53
Dec
90
50
50
51%.
625
46
Dec
82%
17
_
_
17
17%
6.300
11%
Jan
20
Light $6 pfd
Lynch Corp„
lit
B
Oklahoma
15% Jan
' 20
United
Distillery
16&
.
20
17
_
.500
.
•
Manischewitz
(The B)
Co___<.
International
Communication
Marion
McAleer
5%
37
common
___,
-
14'/«.
1
:
>'$%
,
Pacific Can Co
_i00
li-
-
■
: "
ffnrp
~y»'
;■
•
''v6%';
6%.
4%"
•
1st pfd
-.6%
8
'.'•6%..
;8
' 9 %
/
*
Z
8 fa
Co
20 fa
14%
•
-
♦
400
P
&
L
5%
14%
15%
'-
12
26%
Molybdenum
-
•
22 4
Monroe
Loan
Montana
Montgomery
14y«
26
Feb
7Vs
Investors
Morris
2%
50c
'
2%
Mountain
100 r;
Mountain
'
<
170%
19%
Dec
33
3 »/*: Nov
•
National
Bellas
Hess
v--
7%
Scale
6%
Producers
common
to
Jan
Dec
106
Mar
May
30
Mar
11
Feb
10%
10%
1
1%
1%
3%
100
15%
Deo
194
33%
40
5%
Jan
;.'2%
Jan
6%
preferred
13%
Dec
Quebec
Power
7 8%> Aug,
150
26%
Dec
97
Dec
138%
27%
Zi
21. '"'"V''
1(J '/a
15
200
37
11% May
National Pressure Cooker common__. :_2
National 'Radiator Co
_1
1_.
(Herman)
Neptune Meter
New
commor
87%
4%%
&
10%.
-4%
2%
14%
14%
4%7
300
1
v
5%
5%
25
.
61%
Rosario
5%
64
5%
__
8%
5.300
1%
300
1
_
100
_
100
Class B optional warrants
'
North
$6
_
.
.
•
1
North American Rayon class A
Class
B
Northern Central
North
Texas
Airlines
Penn
RR
Co
Oil
_
_
For" footnotes
see
page
37.
-f-1:1
1
Reliance Electric & Engineering
Rice Stix Dry Goods
Richmond Radiator
Rio Grande Valley Gas Co—
^
(Texas Corp) v tc
5
9
82%
16
■■
Rochester Gas & Elec 4%
Roeser <fc'Pendleton Inc
1
pfd F
100
•
:
Rolls Royce Ltd—
Amer
Feb
dep rets for ord reg
£1
5
4%
1
24%
4
May
Apr
8%
Jan
Rotary Electric Steel
15%
Jan
Rowe
Oct
67"%
Jan
Royalite Oil Co Ltd
7%
Dec
Russeks Fifth Ave
2%
•
108
Ryan
Ryerson & Haynes
»
i___1.25
Co
16%
9Va
120
110
700
Jan
124
Jan
122% July
iy* Jan
Apr
% May
St
Lawrence Corp
Class A $2
conv
•
Ltd
8%
8%
900
10 Vs
10-%
1,700
12%
12%
200
1
16%
1
16%
May
10%
Feb
9% May
10% Jan
15%
Feb
300
1
11
14% Aug
Dec
2
Jan
Samson
United
Corp
common
Savoy Oil Inc (Del)___
Bayre & Fisher Brick Co____
Bchulte (D A) Ino common
2,800
May
20%
_
3,400
6% May
11%
Feb
101 Va
700
155% May
41%
1,100
41%
600
40
2%
15%'
'
3
90
TOO
_
37%
8Vt
2,400
7% May
34
1,100
27 % May
10 fa
11%
4,100
1
2%
2%
2%
200
2%
37%
7.%
21
17
3 Va
91
600
192%
Deo
Apr
45 VB
Nov
Apr
44 %
Dec
25
Selected Industries Inc
40
100 %
160
39:%
2,300
8%-'
21%
10
2%
Nov
5%
Jan
Mar
17%
Dec
7%
Jan
$5.50
92
Dec
1013/4
Jun
Dec
110
Jan
30 fa May
46 Vb
Feb
"
3,100
5%
1,000
18%
Aug
Nov ■<i
9VB Mar
31%
Feb
5%
Oct
Feb
Dec
300
3% May
6%
Feb
3%
4,400
2%
Dec
6%
Jan
31%
1,700
29%
Apr
37%
Jan
11%
—
2%
4Vb
30%
30%
«
123/s
800
8
May
15%
Dec
2%
500
2% Dec
4%
Jan
prior
2%
*
2%
*
600
4
_
8errlck
Corp
100
4,800
50
17
May
2% May
19
May
21%
4%
25
Feb
Jan
Dec
_
1
2
1
1
—
2%
5,800
2
Apr
3%
Feb
16%
2,000
13
May
21%
Feb
79
80 Vs
300
78
May
90 Va July
80%
50
80%
4%
400
4%
2
2
1
-
1
Control
class B
2%
43A
2%
i'*
Allotment certificates
Safety
18
23
15%
1
__25
Bemler
Bentry
2%
23
—5
common.
.
80%
common
stock—
(R B) Inc
Sentinel Radio Corp
18
1
-
1
__
Convertible stock
Dec
99%
1 Va May
Oct
NOV
2%
1
Segal Lock & Hardware
Belby Shoe Co
23/4
.
2V4 May
16%
44%
13
1
30 3/4
200
1,800
Jan
3%
2%
common
6%
2%
1
——1
Securities Corp General
Beeman Bros Inc
32
'
.
Steel
12
323/t
10 TB
_25c
_
__
Manufacturing.
Bcullin
__
11
33%
Jan
7VB
40%
V 3
Bcovill
Co
-
1
-
17 Va
101
40 %
21
8%
7
7
191 VB
Feb
Nov
6
50
pref
Bait Dome Oil Co
_
8%
5
10%
6
1
Dec
10%
73^ May
Dec
108
10%
4%
1
Petroleum
common
Jan
96
Va
Dec
7%
1
Jan
Jun
Consolidated
10
17
10
common
Feb
47 fa
Co
common
Dec
21%
410
%
Corp
10%
Dec
97
107
(The)
10%
5
CO
83
10
20,100
Petroleum
Ryan Aeronautical
May
28%
500
8%
Jan
1
Root
150
7%
50
_
Northern Indiana Pub Serv 5% pfd. 100
Northern States Power class A
_25
Northrop Aircraft Inc
—1
•
Novadel-Agenp Corp
.
Rome Cable Corp common
Roosevelt Field Inc
28
15
*
1
=0% Jan
13
7% May
95%
__5
_
..
Jan
25
7%
*
•
common
North American Utility Securities-
Northeast
16
common —1
*
.
18% July
'10% Jail
100
95%
-
1
__
Sep
.
Co
Feb
5
13
—5
Amer Light & Power
preferred
14% juy
24
&
120%
28
5
com
Nineteen Hundred Corp B
Nipissing Mines
Noma Electric
10% Jan
•
Feb
10%
kU)l.
Niagara Share Corp class B
Niles-Bement-Pond
Oct
14-v-;»May\
3% May
7 1% May
70
Aug
75%. 75 %
1
_
July
•
:
(Robert)
Jun
-
3,200
7%
lo
Power common
Rels
57
-400-
10
1st preferred
2d preferred
Regal Shoe .Co
Dec
7
4%
Shipbuilding Corp-
Founders shares
Sep
80
13
150
.1%
*
N Y Merchandise
•
May
10 %
;
•
18%
8%vDe<J
-200
1
7 Auction Co common..
Niagara Hudson
2
1,300
Jan
15 "
Oct
.
_5
Reed Roller Bit Co__
Jan
Jun
15%
Dec
Oct
3%
1,100
,_1
common
45
41
Oct
10%
2,000
Jan-"
'*
common
Raytheon Manufacturing
R '^vAug
Oct
•
1
4% Feb
v NOT
■Vi'," 9X
___20
;
:
10% Apr
131-.v May
21% May
&00
90%
Co___r
Jersey Zinc
Y
5
88%
New Mexico & Arizona Land
New Park Mining Co
N
Apr
10
common
$3 convertible preferred
Not
10
•
Watch
Y & Honduras
200
•MOO
•
,18%
:Jun'.'
.11
i 600-'
.
10%
,
100
N
:
4%
3'-7
10%
^_5
•;
N
80
11
4
5
convertible preferred
New Process Co
38.
87%
150
Radlo-Keith-Orpheum option warrants.
Railway & Light Securities—
Voting common
10
Railway & Utility Investment A
1
12% July
2% May
34% Dec
5,400'
.-••9V«7/0%
30c
Corp
England Tel & Tel
New
5%
5,000
343,8
.36>
86%
148
Co—
Mar
14% July
-
May
17%
common
Clock
.
•
•wl',..:
■_.
Nestle Le Mur Co class A_
New Haven
_37
*
National Union Radio
Nelson
'600
.
13%^ 13%
'
7
Dec
12% July
;
National Mfg & Stores copimon-.*... Li
9%
8%
Feb
18 V2 May
1,000
12
13
8
Q
Quaker Oats
Apr
200
11%,
42
13
Jan
Dec
12'A
33%
40
8 %
10
July
3%
..
.
95%
41% Sep
300
3%
94%
94%
B
common
Manufacturing
A
;;
'5%
94%
95
•
J»,n
31% May
•
__7
Colorado—
Pyle-National Co
Pyrene
13
3
7Va
1
of
Feb
26%,
-
38%
2.50
4%% cumulative preferred
Puget Sound Power & Light—
$5 prior preferred
Puget Sound Pulp & Timber
6%
173
4,690
27%
•
America
Gas
May
2,200
100
■
of Nevada
2% July
11 fa July
1,500
fa
13 %
Dec !
12
.11%=:.
•
^
common
of
Corp
Public Service
.
0% May
20
i'4-%
5%
1.
12%
•
Jan
3
125
V
Feb
3%
13
Pritt Sc Lambert Co
17fa
12%
.3 Vs
4
2.50
Feb
Pressed Metals
300
2,100
30
Jan
14%
100
Prentice-Hall Inc
24
900
15
Feb
4%
__25c
common
of Canada
•
200
11%
_
Feb
•
"
;
Feb
Feb
Feb
May
•
100
100
12%
;-l
National Rubber Machinery
National Steel Car Ltd
National Transit common
Jan
Jan
12%
1
Prosperity Co class B
2%
27%
—
i.i;- i
National Mallinson Fabrics
Dec
5
Providence
7%
.%
12%
National Fuel Gas
«
Dec
60
19
1st preferred-
Raymond Concrete Pile
-25
Feb
20
28 %
50
Feb
-
20%
13
.10
.
Feb
52%
-
1
common
Dec
25%
10
preferred__.il.
Dec
15%
50
Fen
3
4
--
2.50
common.
Dec
13
J2
RR
Pleasant Valley Wine Co
Jun
101%
fa
'•
National Breweries
common,
27 V» Mar
25%
i.
Pittsburgh & Lake Erie
4%
25
101
170%' 170%
13
'
100
^Nahxh^p inc. comiinnn
Mar
shares
Piper Aircraft Corp common
Pltney-Bowes Inc_^._.
Pittsburgh Bess & Lake Erie
18 y8
6%
35%
,5c
77
Aug
15
% July
y« Nov
Ltd Amer
-Ian
12V2
25
4%
*
Corp _7
105
%
Rath Packing Co common
Nachman
Jan
105
%
3%
11%
•
»
Oct
k9
common
a-%
2%
10c
common
101 %
7%
May
31% May
3
11%
Tel
200
103% 103%
No?
2(400
—
5
common
&
38% Mar
25
1% May
7%
v
10
Tel
41% Mar
Dec
Light 4%
Power Corp
July
5%
101
___♦
Murray Ohio Mfg Co
Muskegon Piston Ring
Muskogee Co common..
Dec
29 %
Co
Polaris Mining CO—
Powdreli & Alexander
12
31%
1
pfd
32%
100
51%
1,300
7%
20
1
Producers
States
—
•
A
Mountain States Power
Penn Power Sc
18% ^ep
31*
5%
_1
partic
Feb
2,300
100
Ptfnn Gas & Elec class A
Pneumatic
Deo
Jan
31%
5%
*h,
Corp of America
Mountain City Copper common
12%
35%
31
13% May
1,500
7
—
50
Plan
Jun
34%
5
13% May
Utilities
Feb
31
35%
—
•
Pittsburgh Metallurgical common
Feb
':v Dec
7%
Dec
300
common
Ward
Moody
Feb
8% Aug
13%. Feb
25
2,700
Society A
Dakota
ICY*
12% May
400
21%
_
33«
Corp
.Monogram Pictures
16
—
7--•#••••'-/bcV
3 %r ; Apr
.
50
18 fa
common
Sep
100
Co
Pinchin Johnson
16
:
24,900
:-"25''
3%"
pfd
Public Service
9%
__1
Pierce Governor common
May
,ig
Minnesota
500
9
Jan
Pharls Tire & Rubber
fa July
' 8%= JDeC
.
-fioo:
■
Missouri
9%
7V»
25
Corp
7 8% Jan
H*% Jan
;v^%:May"
U
.600
18%
*
i„»
Dec
Philadelphia Co common
Phillips Packing Co—
8
1% May
18%
preferred
.'V17
•
111% May
Sep
>7% Sep
26 'b
i
Mining Corp of Canada
Jun
Pep Boys (The
Pepperell Mfg Co
Perfect Circle Corp_*_
Feb
3% Jan
22% Dec
Apr
GOO"
3%
.i—.
9%
Penn Water & Power
July
33%Jan
7%
2,300 '
,_10
common
Motors
Pehn Traffic
15
May
; ••vS,,'-M4y:;
43%; Sep
>4,900
*
Mid-West Refineries
convertible
Feb
45
Apr
15'/s May
9%
8%
20%
r
Mm
•
.
•
;
1,500
Pennroad Corp common
Penn-Dixie Cement warrants
:socfi ?
;?■
1
4%
200
•
.
Midwest Piping 8c Supply common
Woht
Jin
17/a
•
9
'
.•••£._
^
___
Oct
15%
1-T15.
'/'.v
25
Peninsular Telephone common—
$1 cumulative preferred
6% Aug
8% Aug
May
5% May
4,900
__50c
Co___
'•
24
«
200;
12
Mid-West Abrasive
18
Oct
Feb
Ded
108%
->4
Mar
>.»■ '•
:
12 Va
Jun
Pioneer Gold Mines Ltd.
1
•
8%
Oct
12%
Parkersburg Rig & Reel
Patchogue Plymouth Mills
•
.
■
$2 non-cum dividend shares
Midvale Co common
4%%
Parker Pen
10%
Dec
8% May
1800
11,900
.1
Ebi^istrlbution.
Miller
Jan
•
.-'1 '1.;
Midland Oil Corp $1 conv pfd_
Midland Steel Products— ;
Oil
1%
•
—10
Middle West Corp—
Midwest
Paramount
30%
37.%
%
300
:
>
•
1%
Class H-vtfr'
Feb
43/4 May
100
•
8
common
Lighting $5 preferred
pfd
Jun
5
7
May
11% May
13%
50
,
-
Middle States Petroleum class -A v-t'e
Jan
11
1
1st preferred
1
5%
1%;
j.1.
Preferred
5,300
Nov
Mar
37%
Sep
$1.30 1st preferred
•
Page-Hersey Tubes commpnl
Pantepec Oil of Venezuela Amer shrs__
'i
1,000
25%
•
'Michigan. Sugar.
Wnn»
25%
66
Dec
6%
4,400
^
'
"•
Michigan .Bumper .Corpl»»
Michigan Steel Tube
11%
1%
Metal Textile cm-p
^<v
Participating preferred^^-i-L^i^il5
Micromat ic
Dec
6,-100
;
38%
,24%
■
"S3/*
"?
.
,
*
11%
t...
—
Messabi Iron
2
20
38 fa
Chapman &
Warrants .C——-1—^
:
r.1%.
24 Va
11%
Merritt
p^efertefll^—
,,
-
••
Memphis Natural Gag common—^——5
Mfg Co
0% % 'A
1,300
•
...
9
.29%
2% Jan
39
116
%
16%
16%
'15%
Securities
Pacific Gas & Elec 6%
21% Aug
20% Jan
-4% -Bed
*■»••...-v-1
",r
preferred :^T
Dredging.
M^nasco
V-
3,100
14%
/-
1
^
,
Mead Johnson-.& 'CnT.::.,'.,,.:-:.vv
■
10
14%.
10
preferred
Oil Co' common
McCord Corp, common
-$2450
9%
*
McWilliams
■
2%
10
convertible
McClanahan
Dec
•
...
Mfg Co
Jun
_J_
—£1
common
7
1,300
Z'Z
Jan
Marine
Ltd
Power Shovel
Massey Harris
1
Co
Dec
23%
♦
Marconi
Dec
12%
H/
j.__*
Jan
34
1% May
Jan
7%
Sep
15%
1
Mapes Consolidated Mfg Co__
:
5%
10
_
High
Dec
33
__
O'oklep Copper Co Ltd Amer shares
Pacific
Co
31
107
1
Pacific Public Service
5
common
425
130
1,400
•
Pacific Power & Light 5%
Public .Service
1%
36%
33,
1
Filters B
1%
35%
107%
15
Omar Inc
July
111% 112
u
Mangel Stores
Low
107% 108%
35%
100
Natural Oas
Old Poindexter
5%%
Maine
1%.
*
common
preferred
*
Jan
111%
2
Macklntosh-Hcmphlll Co
Range for Year 1947
High
Dec
109-% May
1
•
BOo
class
Jan
56%
.
Co
Ohio Power 4%%
Oliver
16%
:
Shares
Ogden Corp common
Feb
31
200- :
for Week
O
-
4,500
Range
at Prices
Low
Jan
11 Vs
Dec
x21
50
Last
Sale Prloe
Feb
.7'32%
?f
8Ve May
Sales
-
Exchange
Curb
Oct
Overseas
6% preferred B ctfs of dep
Louisiana Land & Exploration
Louisiana
Dec
20
25>/8
24%
::
—
__
7%
25
800
*
Star Gas Corp common—-_ __10
,1
Loogines-Wittnauer Watch Co
Long Island Lighting Co—
ctfs of
100
8%
__
t
__
"
,
•V.
..
Tork
High.-
Low
18%
23 fa
*
A
Lone
Common
High
19
'vV'-v;
8
class
Class B________
Locke Steel Chain__
*'•
STOCKS—
New
Range for Year 1947
17%
common
Groceterias
'Week's
Friday
for Week
19%
Lit Brothers
Sales
Range
of Prices
Corp
Llpton
Week's
Last
Sale Price
Par
T";.::i'•'*•< :':y£'
Line Material
'
'■...
■.
•Vivtiy-'
Exchange
Curb
1 Va
2%
—
—
Jun
92
Dec
13%
1,400
Dec
4%
Feb
200
Apr
2
Feb
—
8%
Jan
July
Jao
*7
THE
(456)
COMMERCIAL & FINANCIAL CHRONICLE
RANGE FOR
Friday
'
STOCKS—
New
York
Range
of Prices
Sale Price
Exchange
Curb
Low
Par
seton
Leather
Bhattuck Denn Mining
Bhawinigan Water & Power
Bheller Mfg Co
Sherwin-Williams
preferred———.
Bherwin-Williams of Canada
1,200
104%
100
16'
7%
16%
16%
11%
10%
10%
11
Apr
Dec
Dec
Oct
13
9%
17
,275
r
Feb
*
7%
7%
6%
Apr
9%
Oct
West
Jan
Western
250
312
Nor
Sep
57/a
Apr
Dec
102%
24
Apr
25%
Oct
Weyenberg Shoe
7% May
15%
Jan
Whitman
*
1
South Coast Corp eommon
—
1
common
3%
3%
1,100
3'/8
Dec
8%
Feb
Wichita
1,500
2% Mar
4%
Sep
Wickes
"
30
Nov
700
5
9
-4
33%
4
500
35
1,600
27
May
30%
270
27
10%
Jun
May
7
3 % May
Jan
38% Nor
35%
River
iR
Southern California Edison—
4.48%
conv
4.32%
cum
Spencer Shoe Corp
Stahl-Meyer
Inc
10
34%
Dec
46
Aug
Woodall
28 %
28%
1,100
25%
Dec
33 % July
Woodley
24
24%
700
22
Dec
29%
Woolworth
•
Brewing
Co.:
Standard Cap & Seal common
Oil
Power &
Jan
41%
Dec
1,000
4% May
8%
Feb
6%
100
4% May
9
1 %
100
1%
Dec
2%
10%
1,300
9% Nov
25%
May
17% Mar
50
1,900
9%
27%
2,300
27%
1%
1,300
1%
Dec
•
•
Products
(The)
Steel Co of
Stein
(A)
1%
100
7%
Dec
12%
Feb
Corp
l
4%
4%
300
4%
Dec
5%
Nov
1
3
3
100
2%
Dec
4%
Feb
Corp.
Co
4
4%
1,900
4% May
56% : 58%
180
60% Dec
23 %
24%
700
18%
18%
200
17% May
14% Jun
•'8%
8%
600
1
common
B.)
Co
; 1%
6%
&
Co
6 %
475
20
600
27 V8
29
1,050
7
7
16
Nov
19%
26
200
16%
3%
600
3%
Jun
25
12%
Apr
1
10%
10%
•
30 %
31
3G0
•
11%
12
4,100
Texon Oil &
Thew
Thor
Tilo
Land Co
Shovel
Co
8%
120
dep rets def
rets
ord
Atlantic
Bell
L
of
Milk
Curb
Interest
Exchange
Power
4%s
deb
Tel
&
10%
Apr
Apr
Dec
Oct
210
79
May
25
95
.
96
1
A5%s
Cities
U S
%
Service
90
Dec
1
200
U
S
and
$5
U
1st
S
10%
United
122
19
7% July
12% Jan
2%
105
Jan
July
102%
Gen
El
Lt
Pwr
&
(Bait)
series
(Bait
City)
N
4s
ser
Fuel
&
1% May
3%
Marelli
Elec
Jun
A6%s
79%
79%
4% May
8% Oct
12%
—
J-D
J-J
A-O
Af-N
Dec
106 %
97%
15
95
107
3
Af-N
1993
115
1
115
J-J
'
100%
58
60%
34%
May
1965
60
36'%
99%
96%
Nov
1956
$110
coupon__1953
1947 coupon
$24%
ex
1
19o3
Mountain
Green
4s
3%s
Power
$101
J-J
$56%
Hygrade Food 6s ser A——Jan 1949
A-O
103
1949
A-O
ref 5s__1963
F-A
..1958
B
series
...Jan
Indiana Service
1st
lien &
& Lt 3%s
International Power Sec—
A6%s
53%
14
25
19
96
120
__
A7s
103
59
56%
103
w-
103%
.
103%
24
43
23%
42
25
41
,—1957
24%
24%
25
42
1952
25%
25'/a
24%
1952
$24%
29
24%
1957
98%
96%
98%
—1952
53
55
60
94
1952
26
26%
34
34
series F
(July 1941 coupon)
6s
A7s
Nov
1
Nov
ex
1940
1
coupon
9%
Jan
Kansas
Power
1969
7
Apr
104%
Jun
Mar
May
;■
Powert3%s_t
& Light '3 %sJ-
Corp deb 4•%&*._
McCord
Valley
Milwaukee Gas & Light 4%s_,.
New
Dec
n
Jan
45% Mar
18
3,000
14%
Apr
18%
Dec
19%
9,400
18%
Dec
27%
Apr
Apr
30
Dec
28
Feb
21
42%
104%
105
107%
111
Power
101%
104
60%
53
65
MS
103
102% 103
102%
104%
M-N
106
105% 106
105%
107%
J-D
$102% 103
A-O
106
A-O
1971
1964
mtge 3s—
59%
101%
104
105%
109
101%
106%
$101% 104
107
Feb
16%
A-O
1967
1961
2004
1968
3%s
N Y & Westchester Ltg 4s
Ohio Power 1st mtge 3%s
1st
28
107
$101% 103%
1956
1963
to..
Jan
England
107
RR—
4%
Extended at
Apr
47
% May
42
12
1952
1947 coupon
7% May
5% May
29
42
102%
Hydro-Electric Co—
$24%
200
108%
25%
$104%
2.500
104
102%
24
1966
7%
104%
102%
25%
1963
62
106%
.68
103% •107%
25%
Electric
Jun
34%
104%
84
65
105%
23
Interstate Power 5s
r
55
55
100
25%
1941 coup)
1
(Aug 1941 coupon)
A7s
$102
68
,.103% 104
Altalian Superpower bsi
2% May
68%
36%
106
1957
(Dec
series E
A 7s
$103
103 %
Kansas
56
119%
1955
1955
C—
series
A6%s
A7s
M-N
1970
Indianapolis Power
Feb
30
105%
$12
Feb
11,300
106%
114%
Bank—
Mtge
3V2
Dec
93%
109
Co—
11%
90
•
14
"
99% 100%
Dec
25
228
24
7% Mar
.100
248
1%
10
1%
200
Oct
'1% May
7%
Apr
293%
Feb
3%
Feb
350
10
Jan
13% Mar
54
Dec
71%
39 "4
39%
290
38%
Dec
49% July
1
9%
9%
800
12 %
13%
2,300
79%
80
425
16
16
100
3
100
8% May
Park Lexington
1st mtge 3s
$91
J-J
$104
Pennsylvania Water & Power 3%s_1964
3%s
1970
Hydro-Electric
95
77
105%
92
104
103% 103%
103
1
'108'
lpST
Co—
;
3
_50c
—
common..
—
—
A 6
with
s
%
ex
-
2%
2%
23%
Jan
3%
Feb
Southern
California
Edison
Dec
89%
Apr
Southern
California
Gas
18%
Feb
Southern
Counties
3%
Oct
10
26%
3%
21%
26%
100
3%
1,600
22
1,500
Jun
3%
Feb
Apr
46%
Dec
Spalding (A G)
Dec
23
Jan
AStarrett Corp
32 % Mar
23
'
T May
3
May
4%
Jan
May
23 %
Nov
21
Southwestern
5s
preferred
9%
y<>
9%
98
1,900
>
20
12%
Feb
8
May
93%
Dec
126% Mar
6%
37.
7
2.000
5%
Oct
7% May
3%
3 %
900
2%
Feb
4
July
13%
Manufacturing
4
6%
3%
13%
13%
400
11%
Sep
14
Feb
&
5s
inc 5s
United
ex
Dec -1
M-S
1965
..1970
>:
97%
102'
100%
102
106.
108%
51
101% 107%
28
102%
102
A-O
103% 104
100
100
102
102
'8
99
99
2
J-J
Elec
3%s
1970
F-A
1989
1950
M-N
—
A-O
A-O
1966
*
.
.
•
.
-
2
9.7 %
102
107%
$ $70
105%
108
•
93
104%
89%' 117
$114% 118
"
75
•:-
68' i;! 75^
•;
'•>v; J yJ uj)
28
.23%
47%
24%
47%
103%
106%
1946
$22%
1946
22%
22%
26
26%
Co—
1 1940 coupon..1953
1947 coupon
Co of N J 4s
Service
1953
1949
1947
$12.
$ 103 % 106
Co—
•'"/A7s with Dec 1 1940 coupon——1956
A7s
'121%
Industries—
Aug
Electric
108%
116 !
$100%
1971
Aug 1
United Electric
116
A-O
—
trust
Hydrc-Electric
ex
108
$$13%
1951
2nd stamped...
A6%s
$101
iio
(Calif)—;
(Hugo) Corp—,,
A7-4s 3rd stamped
(Hugo)
138.
104
MS
3s
i..
Gas
collateral
'34K'"'
143%
M-N
3%s
Stlnnes
A6%s with
9%
Gas
mtge 3s—
26%
2'/a
•
29%
105
143
3S.1981
Joaquin Lt & Pwr 6s B__
Scullin Steel inc mtge 3s
May
143%
$101
San
10% May
2% Oct
100
M-N
A-O
1952
Power Corp
Harbor Water
Feb
May
700
42
4
$12
1952
14%
1st
27%
New Jersey—
certificates
Gas & Electric—
perpetual
Queens Borough
5%s series A
Safe
1940
1
x78%
10
5
Inc
of
18%
42
10
common
Petroleum
Oct
Public Service
6%
27%
coupon—1960
Oct 1 1947 coupon
1960
s
2
warrants..
Oil
Apr
6%
11
Securities..
103%
99
Dec
1,725
page
4
'
106% 107%
1%
10%
■
see
105%
106%
76%
102
5%
61 %
common
footnotes
103
104%
99
200
58 %
Sugar
Syndicate
28
41
102
3,500
100
106
516
80%
97%
__
99
115
..1993
.
B
1940
Residential
A7s with
325
97
103%
RR—
standard
5s
32% Feb
10 % Dec
...1
Co
5
—
3%s
Mfg
with Nov 1
Finland
Jan
common.. —25
common
Light
96
64
'
_
with
64
Division—
J
mtge 4s ser A
A6%s
Terni
For
,
104% 104%
1954
Western
A7-4s
*
92
1962
:
&
Stinnes
Vogt
87%
1981
R,
of
A
B._.
Products
Venezuela
87%
1976
4%s
mtge
106
61
53
91
1969
Lack
Gas
98
—
F
ser
Gas
mtge
Delaware
Oct
17%
common...
Universal
Venezuelan
85%
103% 104%
Consolidated
May
18%
Insurance
convertible
85%
105% 106
Gas
165 "
.,34
Dec
8,800
26
_25c
Consolidated
$4
165
99% 100
103%
Piedmont
Universal
Valspar Corp
•
106
Jan
11%
34%
common
&
J-D
111%
110% 115%
180
1969
2%s conv debs
Dec
4%
Reclaiming Co...
Power
$_.
1958
Consol
Jan
Ltd—
Universal
Utah
$109% 110%
—1977
2%s
1%
common
International
Utah-Idaho
—
—.
5s
5s
ref
5%
62
10
class
Stores
108%
Q-F
10
■
3s
1st
Dec
93
com
Sharing
Radiator
105%
102%
103% 103%
Debenture
Debenture
Midland
Canal
preferred
U S Rubber
96 %
Debentures
3s
3% May
">8
Machinery
Co
10
Jan 1966
5S_
2%s ser Q.__
6,300
ord regis.—*
&
Specialties
Foil
103'/a
99%
1954
mtge
6
~7%
7
,
Preferred
United
99%
99%
1948
redeemed)
(10%
Low/. High
101
Corp—
redeemed).
(10%
Year 1947
a
99%
J-D
.1970
Electric
No.
Z
1998
2%s—
Range for
Sold
77
1960
States
Bonds
High
96%
#
mtge
—25
Shoe
Friday's
104
J-J
—
Feb
104%
—1964
Cs
T%
95%
Canada—
of
ref
2 Va
,
5
preferred
United
or
Bid & Asked
..
M-N
ref
lg% Not
,14 % Jan
*
Dec
95%
—1955
5%s
Ercole
27
Railways
rets
RR
Profit
Dec
J- J
A.
Edison
A5s
J-D
1953
—
Electric 3%s__
City
Boston
—1970
Elmira Water Lt & RR 5s
1
25
dep
United
21%
Week's Range
Sale Price
J-D
Omaha
Products
Feb
Jun
9% Dec
~2%
Last
Period
i
3%s
Feb
Jan
9%
~2%
1963
common
United -Molasses Co
United NJ
...
1st
4%
f-
9%
2 %
Feb
5%
Preferred
Amer
9%
16%
Ltd—
receipts
Feb
May
100% 100%
1%
—
108%
$70
Corp
Corp common
United
17%
11J
$62
1%
Products
&
13%
16%
19%
~6%
of
Light
13%
M-S
warrants
Gas
98%
J-J
Elastic
United
Dec
97
J-D
Corp.™—I
A
Yards
United
Feb
19%
1948
Calif—
series
Corp
United
Jan
11% May
103
Dec
1950
Co.
Chemicals
United
Jan
8%
21%
1961
Canada..
Aircraft
19%
19 7'a
—2
1st
U
Oil
Nov
Dec
AGeneral Rayon Co 6s ser A
Corp
Ur.1011
Jan
100
pfd
Inc
5s series C
Bethlehem Steel
Isarco
Investment
20%
18%
Electric
Debenture
Union
Dec
Dec
Dec
Grand Trunk Western Ry.
•
Chemicals
8%
4%
Oct
Trunz
Realization
Oct
21
Dec
10%
Jan
*
Dec
13%
Dec
Works.—IllIII"III
Mar
5%
22"%
5
preferred
May
Nov
32
14%
25%
1 %
Stock
11
Nov
96
convertible
100 '
5%
12
i
Lamp
Dec
14%
4%%
deposit
Telephone
6s
Inc
19%
6%
12% May
1
United
Nov
13
1,200
19
100
United
31%
1113%
700
7
Dec
Corp
Tri-Continental warrants
Union
Dec
20%"
11
10%
7
Trans Lux
Co
Dec
Dec
91
pfd
18%
700
14
♦
$3.75
Apr
100
15%
44
Shipyards Corp
Edison 4%%
pfd
Tonopah Mining of Nevada
of
Sep
14
16%
Jan
regis
Toledo
Gas
27
w
Sep
63% Jan
Todd
Union
Jan
Jan
11%
34%
8%. Apr
...•
Ulen
18
33
reg—
Unexcelled
37%
Inc
York
Tel
Assoc
Trust Co Ltd—
dep
Amer
80c
Jun
6%
Jan
117
1
Amer
Tung-Sol
May
26
20
29% May
10% May
Stocks
Tobacco Security
''
May
25
14%
Guantanamo & Western 6s
Allied
Tobacco Ss
105
100
100
1
Construction
Oct
113% Mar
34%
8%
5
common
&
Feb
28%
6,000
5
Inc
Realty
Brewing
1,000
2
common
Corporation
Tivoli
Feb
9%
l
Co
Roofing
Tishman
120
100
Feb
2%
6 % May
16%
Feb
35% Aug
10
July
207/a Jan
Dec
12% May
13%
Technicolor Inc
pfd.
8%
1%. May
900
28%.
common
w
(F W)
Associated
A 1st
Light 7%
Dec
200
Co
&
Appalachian Elec
Eastern
&
1,200
1%
33%
Co
18
May
6%
1,000
Taggart Corp common
Tampa Electric Co common
Power
3%
3%
8%
Low
1st
Tkxas
Feb
33%
20
Lackawanna
common
12%
18%
com...*
32
,•
Dec
13Ta
...
Dec
Friday
Feb
13% Feb
17 % Jan
2%' Jan
May
3%
Swan Finch Oil Corp
Oct
5%
Dec
7
13 % May
19
Superior Tool & Die Co
5%
preference
Feb
8%
11% May
%
Sunbeam Corp.—.
Sun Ray Drug common
Superior Portland Cement, Inc
800
pfd__l00
BONDS
27% Feb
V-
common
Feb
5%
17%
Petroleum
New
Feb
29%
Jan
1%
2,900
14%
(Hugo) Corp
Stop & Shop Inc
(S)
6%
14,900
2
6%
13 %
common
Stinnes
Stroock
-9% Feb
77%
'
„
(J.
27
10
Industries
§Centval
Sterling Aluminum Products..
Sterling Brewers Inc
Sterling Engine Co
Sterling Inc..
Stetson
May
Feb
Feb
130
7%
Canada
&
3%
Dec
100
Feb
1
Standard Tube class B
Starrett
1%
4
Co
Standard-Thomson
Feb
Dec
Feb
32% Mar
Dec
1%
Preferred.—
Standard
13%
Nov
26%
Common class B
Apr
10%
•
1i
*-» CO
5
Wright Hargreaves Ltd
21% July
19%; 19%
10
10%
—1
Light
Feb
5%
150
111
common
4% July
—10
(Ky)
Dec
'100
1%
Feb
Dec
3
1
1 %
13%
113%
Jan
36
21
1
20
3% Jan
Dec
Jan
10
1
Jun
Dec
Jan
1 %
3% Aug
16%
10
preferred
*
Dredging Corp common
$1.60 convertible preferred
Standard Forgings Corp
Standard
Standard
100
2,800
4%
6%
'
•:
8
—
Oil Corp
Corp..
&
American
8% Mar
4%
42%
38
2.78
Convertible
Jun
4%
4%
1
5
_•
—
Standard
Standard
P
25
,
x8
109%
•
1st
&
C)
Elec
36%
preferred..————25
100
12
3%
—
Mfg
preferred
36%
Southern Pipe Line____—
Southland Royalty Co
preferred
Stationery
Brothers
5%
23
preference
$6
& Coke..*.
&
Products
Willson
Wilson
Feb
Wisconsin
original preferred
3%
1
1.25
Inc
(The)
Winnipeg
5%
5%
Coal
(Wmi
Williams
30
•
10
4,000
8%
■
33%
..12.50
Southwest Pa Pipe Line
10%
3%
3%
•' 3%
3%
1
--
9%
10
1
common
—.'
—
:
Manufacturing Co
Corp
Sonotone
South Penn Oil
Tablet
Westmoreland
Westmoreland
.1
High
Apr
100
;
11%
Corp
Maryland Ry 1%
250%
—
1
Coal
27
254%
246
246
Western
Paper Mills
Manufacturing
Virginia
-
warrants
Utilities
8%
"l% "1%
:
30
Manufacturing
Texas
West
\
;
Co
Co
Aircraft
Warner
Jan
£1
Solar Aircraft Co
Soss
Ward Baking
8%
100
■
Watch
Waltham
39%
1,100
7%
Low
1%
ctfs ext.*
pfd
Sep
J
Solar
cum
$2
trust
Inc
3%
100
dep rets ord regis
Bioux City Gas & Elec Co—
3.90% preferred
(Howard)
Bond
36%
'
—
1
Amer
Smith
&
Wentworth
preferred
Range for Year 1947
High
*
Baking voting
preferred
Waitt
Feb
27
Dec
Co
Wagner
Sep
115% July
•
♦
Aircraft
Waco
Dec
73
Dec
Jan
17%
106% May
22% Oct
200
16
Shares
Feb
24
Nov
9% May
67
for Week
Dec
4%
2% May
16%
200
Sales
Range
of Prices
Low
Publications—
Simplicity Pattern common
Singer Manufacturing Co
Singer Manufacturing Co Ltd—•
-
71 %
*
_
Breweries Ltd,
Simmons-Boardman
convertible
69
70%
700
16'/a
Jun
11%
*
BUex Co common—
$3
2%
17%
15
3,800
15
—
100
.
Corp of America class A.
Bick's
2%
17%
__
25
4%
Shoe
200
Week's
Last
Sale Price
Exchange
Curb
High
Low
High
13%
—
•
common
Friday
STOCKS—
York
New
Range for Year 1947
Shares
104
5
-1
....
JANUARY 23
for Week
13%
•
common.
WEEK ENDING
Sales
Week's
Last
EXCHANGE
CURB
YORK
NEW
Monday, January 26, 1948
coupon.
.1956
$26
$12
30
32
34
Volume
167
THECOMMERCIAL
Number 4667
,
NEW
YORK
RANGE
Friday
BONDS
New
York
,
Last
or
Period
Sale Price
biu
A 5s
Wash
Water
m.
Electric
West
Penn
M-S
1964
J-D
2030
A-O
107
107%
J-D
119
119
Traction
6s
5s
Newspaper
conv
Low
$75
76
100%
110
5
105 %
108 i'
4
:
F-A
102
102
115%
1%
Peru
122
101%
8
Friday
Interest
Curb Exchange
Last
Sale Price
Agricultural
Mortgage
Bank
(Col)
7s
April 1946
A20-year
7s
Jan 1947
(see
ACauca
Valley 7s
.Cons Municipal
Danish
Mortgage
Bank
5%s
2Vbs
2008
J-J
A,B,C,D&E„_1997
J-J
to
ser
stamped
reduced
(Plan
-
2%
2012
A-O
Range for
Sold
Year 1947
No.
High
Low
High
$66
'
J- J
1948
M-S
A5'/aS
1921
value,
—
.
66%
(not Included
65l/a
76%
22
6%s
M-N
$81
90 :
F-A
$70
80
1952
J-J
Interest
AMedellin
reduced
7s
77b
81
96
68%
94
9'/8
:
the daily
are
29
listed
7%
6
Averages
•
11
IB
20
Util-
Rail-
Indus-
Total
17
25
25
27
34
Jan.
39
39
30
47
Jan.
19—
20__
175.27
50.22
32.89
Jan.
21
—
173.53
49.73
Bonds
■
M-N
J-D
39
—
172.15
50.00
171.97
49.94
1947
45
52
Jan.
22
1947
A-0
$44
46
53
Jan.
AMortgage Bank of Chile 6s——1931
J-D
$20
18
25'/a
Mortgage Bang of Denmark 5s__—1972
J-D
$81
81
98%
90
OTHER STOCK
♦The
to
the
ties
51.02
33.29
average -of
the 30
Steel
Bethlehem
1
10
Grads
Grade
Total
Utill-
40
tie"
B"7"1"
trials
Rails
63.77
100.54
102.16
87.65
101.66
98.00
*63.08"
100.64
102.05
97.98
100:61
' '101.86
87.67
",S:; 87.74
101.56
62.97
62.39
100.56
101.91
87.60
101.80
97.97
62.08
100.50
101.84
87.45
101.79
97.90
32.36
62.02
100.49
101.83
87.41
101.70
97.86
32.99
.
•
industrial stocks and
three-for-one
Corp.
Second
32.37
50.09
*175.95
23
1927)
roads
■
10
First
Indus-
Stocks
trials
177.24
17—_____
10
65
32.71
18%
$44
Oct.
2
closing averages of representative stocks and bondi
Exchange as compiled by Dow, Jones & Co.
30
M-N
of
133
sales being transacted during current week.
no
$15
US
2008
2'/8s
stamped
(issue
3%
in
the New York Stock
on
Date—
Mortgage Bank of Bogota—
A 7s
(issue of May 1927).'
A7s
6
year's range),
d Ex-interest,
f Ex-distribution,
g Ex-stock
div.
h Exin year's range),
r Transaction
for cash
Stock and Bond
A)
1951
to
.
32
2
10
stamped_1958
(Plan
24%
—
82
45
41
$39
J-D
1955
Waterways—
stamped
City (Peru)
stamped
•
. ,
3%
3
„
transaction
"r
.
24%
3
__
37
115
:
$23'/a
„
J-J
Deferred delivery
a
Jan.
ALimi
High
25
78
$66
Below
6%s
Maranhao
Low
'
receivership.
Abbreviations used above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificates;
"wt" when issued; "w w." with warrants: "xw." without warrants.
Loan—
-
to
Year 1947
No.
15%
>
.
J-D
1919
-
Stocks
Port
A External
Range for
Sold
23
—15
A)
6%s
t>
Government
par
$25
of)
5s
Danzig
Bonds
High
,
Bonds
Bid & Asked
1953
External
External
Friday's
—
A20-year
Bogota
or
Bid A Asked
^Reported In
Friday's
or
Sale Price
e Odd-lot
transaction
(not included in year's, range),
principal.nUnder-the-rule transaction (not. included
tnot included in year's range)
x Ex-div.
y Ex-rights.
Week's Range
Low
Last
Period
$Friday's bid and asked prices;
a Bonds
being traded flat.
Period
York
2VaVe
Janeiro
Interest
105%
Foreign Governments & Municipalities
J(ew
reduced
to
tie
Rio
♦No
BONDS
Week's Range
Interest
Exchange
stamped (Plan A)
Interest
ARussian
1959
Curb
Low
82
63%
$104 % 106
York
High
Union—
debentures
f
s
No.
BONDS
New
Parana
1954
3%s
Penn
Western
Friday
Year 15)47
High
37
(457)
EXCHANGE
Range for
smti
c-d
t,
5s
Power
West
CHRONICLE
ENDING JANUARY 23
Hotel—
debs—
income
CURB
WEEK
Bonds
Friday's
Low
Waldorf-Astoria
FOR
FINANCIAL
Week's Range
Interest
Exchange
Curb
&
the
common
composite
Ralls
average
of
65
101.91
stocks
98.03
give
effect
stock split.
EXCHANGES
RANGE FOR WEEK ENDING JANUARY 23
'
Baltimore Stock
Week's
Friday
for Week
Sale Price
of Prices
Shares
Par
Arundel Corporation
•
Transit Co
Baltimore
vtc
com
15%
-*
1st preferred v t c
57c
Low
3%
3%
—100
20
20
Fidelity to Deposit Co
__20
Fidelity to Guaranty Insur Corp...--10
•
X146
439
13
4
372
2%
21
987
15%
19
High
Dec
16
25%
Dec
9%
Jan
Dec
44%
Jan
Miners
&
./'• "'t
\
•'
.■
■
-%Jan
160
40
A
Jan
47%
2
47%
40%
Sep>£t
43%
Dec
6.75%
prior
North
S
———100
Bank——
Amsterdam
New
U
preferred
Marine
Casualty
Oil
American
51%
25c
1.00
1.00
50
46
46
107
52
80
52%
50
54
Jan
29
Jan
48
1.15
1,000
365
1%
Baltimore
5a
(N
1975
65%
65%
$8,500
68
Dec
90%
Feb
74%
74%
7,000
78
Dec
98
Feb
Corp
Reece
Machine
inc
Association
Shawmut
Webster
&
Elec
Torrington
STOCKS—
;
Amerlcan
Sale Price
Anaconda
■'
:
■:
Woolen
to
Par
■
Tel—
Co
Shares
—50
Copper
Low
:.'s
4,152
149%
42
42
___
.
42%
459
26%
33%
254
24
Boston
to
131%
131% 131%
-100
120%
120% 123%
25
Albany
pfd— -100
39%
RR
Boston Edison
Elevated
Boston
stamped
Ry
39%
31
"
Jan
174%
to
Maine
34%
127
26% May
39%
18%
486
15%
Dec
26%
Feb
4%
4%
900
2% May
4%
Feb
13%
'
—
14
■•"-"
85
87o
preferred
19%
19%
19%
374
25%
25
25%
S
Drill
Boston
Personal
Boston
to
Prop Trust-
32%
w.—
common
__
-100
if
6%
Dec
135
1%
Feb
6%
Dec
System
<S
D)
Inc__
14%
105
13% Aug
15% Mar
13%
212
10% May
17%
12
100
12
16
Calumet & Hecla
,•
>'.18%
35 Va
36
40
41
51%
50%
54%
3,117
44%
Jan
59 %
58 %
61%
500
54%
Dec
41%
43%
295
40%
Jun
60%
Feb
"
14%
14%
10
13%
Apr
17%
Jan
17%
17%
450
18
Apr
26%
28%
785
31
Dec
;—
Electric
Corp
27 %
12%
„
Friday
195
255
Week's
Cities
1
__
Service
32% May
40
May
13% July
22% May
42% Aug
46
Jan
•V' 59% July
71% Apr
Sales
7%
Range
for Week
Sale Price
of Price*
Share*
Par
25.%' Dec
37%
v
Sep
Jan
Advanced
<20% May
4%
100
,
39%
Jun
Corp common
Aluminum
Ball
Jun
10
to
_
Co
10%
Feb
600
6% May
4%
400
3%
Sep
7%
Feb
10%
300
9%
Jan
11%
Nov
Feb
10%
common
Tel
High
Low
8
4
5
Castings
Range For Year 1947
High
7%
*
Bearing
Tel
Low
1
capital— .100
.150%
150% 151%
1,400
Jun
174%
9% May
1% Dec
15%
Oct
3%
Feb
Dec
13%
Sep
5%
Feb
150
Feb
8% July
July
15%
15%
540
12% May
18
115
20
45
Oct
Armour &
5
Co common
13%
1
Asbestos
Mfg Co common
Athey Products Corp capital
1%
4
7%
—
14%
2%
1,000
800
7%
50
6%
3%
50
3% Aug
4%
800
Jan
37
May
7
__
Feb
Mar
41
STOCKS—
20%
Sep
37
28.01
7
69
6% May
8%
28.01
22
26.48 Aug
30.93
Feb
Automatic
Washer
Corp
Mfg
common
_
Barber
Co
3%
3
common^i——
H)
(W
4%
4%
1
25
«
35%
—10
3
..
4% May
7%
Feb
300
24%
Jan
26%
Apr
Feb
28.01
__
Century Shares Trust
May
Chicago Stock Exchange
Admiral
15%
100
Feb
14%
*
Jan
37
_
RR
Nov
3% Aug
12%
*'
—
Co
Avco
Providence
14%
11%
12
Jan
50 Va
39% May
300
7%
—
Mar
300
202
14%
10
Rubber
Jan
114%
:•»
225
34
6%
100
12
2
7
25
i
Feb
140
305
100
_
-
2
6% ;V,
*
Machinery
American
prior
class A 1st pfd stamped
class B 1st pfd stamped.
Oct
12
42% Mar
May
RR—
7%
5%
Jan
.*
Shoe
Aetna
Boston
Jan
May
33 %
—_5
Co
Oct
51
Dec
1,964
*
Boston Herald Traveler Corp
140
High
Jun
131%
314
41 %
10u
_
1%
17%
Last
Bigelow-Sanford Carpet 6%
Feb
120
121
Range for Year 1947
High
33
*
_
:yT<:
Aug
33%
*
common
.
Fruit
Westinghouse
of Prices
Nov
Dec
50c
Sales
150% 151%
15 0a
13%
Dec
80
410
1,200
for Week
Low
100
Feb
11%
3,120
125
Feb
67c
May
17%
•
Twist
Warren
Range
Last
Tel
125
•
Ine
Securities
Union
U
American
60c
125
*'■' '
40
2.50
:
Folding
Rexall Drug,
Waldorf
Boston Stock Exchange
:
12
91
57c
Feb
26c
300
19%
•
:
United
Week's
11 %
88
High
21
50
25
Mills
United
Friday
11%
88
57c
i—100
H)
Pennsylvania RR
Stone
1975
4s
A
Electric System
Tel & Tel
Mining
RR
Suburban
Transit Co
series
37c
Dec
14 Ve May
77
Dec
Dec
BONDS—
»
Northern
Reece
39% May
28%
37c
10%
200
Nov
105
Jun
24% May
Jun
35c
.
England
Range for Year 1947
Low
16s,8
20
100
—2.50
England
New
Pacific
Aug
47%
28%
28%
2
.
Co—.,
to Guaranty
Fidelity
100
106
105
105
—30
New
Quincy Mining Co
Mount Vernon-Woodbury Mills—
National
16 %
1
Cos
Service
Shares
12
Jan
43
'
Transportation.-*
National
North Butte
1
'vl-V
Merchants
1
Assn
Nash-Kelvinator
for Week
High
11%
Feb
Oct
143
20
40
40
40
Low
147
Low
5
Narragansett Racing
Range for Year 1947
High
15 %
of Prices
Par
Range
Sales
Ranre
Bala Prio#
STOCKS—
Sales
Last
STOCKS—
Week's
Friday
Last
Exchange
35%
5
23%
Jan
40%
Oct
Bastian-Blessing Co
10%
10%
50
9%
Aug
10%
Jan
Belden
Berghoff Brewing Corp
Blnks Manufacturing Co capital
common
25
35%
36%
100
28
Apr
39%
Oct
19%
20
150
18%
Apr
23 %
Aug
■
Range
Copper
Eastern
4%%
__
Fuel
to
Gas
a
Co
-
__
—
Street
Mass
0 ■
t;
•;
Associates—
prior preferred
6% preferred
System
■
.
__
82
—
82
25
82
Jun
97
Jan
74
100
.
74
25
60
May
81
3%
25
2
Sep
9
Jan
80
66
Dec
99 %
•,«,
1
6%
1st preferred series A.-_
1
6%
preferred B
5%
preferred
Eastern
First
SS
124%
Inc
69
70%
82%
6'6
22%
100
*
common
3%
69
22%
22%
-100
...
adjustment
Lines
National
100
__
'
25
25
55%
25
40.30
41.15
85
20%
51% May
126
39.50
Bruce
Burd
General
Electric
Gillette
Safety
-
•
Razor
34%
34%
•
Co
Dec
30%
29%
^ '■
Button
Hole
Isle
Royale
Copper
Kennecott
Mach
Co.
10
25%
Co
(E
Piston
Sep
Castle
35 %
2.100
31% May
40
Feb
Central
30%
385
23% May
36%
Dec
(Del) 6%
26
50
3%
275
45%
47%
410
41%
41%
79
7%
305
32%
33%
55
42%
48
3%
3%
41%
6%
•
Copper
Lamson Corp
.
15
preferred- -10
18 V4 Mar
2%
22%
<■■
Jan
.
.
10
Central
RR
common
_
5%
preferred
Mergenthaler Linotype
Mullins Mfg
_100
*
_
—
Corp class B
For footnotes
see
-100
page 46.
-
1
•*;
,
45
—
:
■■
12%
200
12% Sep
14SA
Feb
12 %
22%
22%
265
50
—
V.
12%
550
11% May
17%
Feb
*
10%
100
46 y8
50%
500
38% May
56
56
200
40
47%
48%
150
14%
14%
200
17%
18
150
16 %
12
12%
800
11
4%
5%
1,550
33%
10%
33%
150
10%
5
L)
56
4
to
Co
111
(A
S
common
_
Util
1
-10
common
1
18
—
5
__10
common
preferred
W
_
12%
Biscuit
M)
_
Secur Corp common-
Convertible
&
5
common
Ring
_
1
common
'1
1%
50o
9%
1%
250
11%
—
9% May
13%
Feb
54%
Oct
Mar
62
Dec
35
Jun
50
Nov
10%
Jan
16%
Apr
21
Feb
Dec
23%
Feb
11%
200
9
4%
30
Dec
20
Jan
May
42
Jan
1% May
xll%
Feb
2%
Feb
Nov
15% Mar
10% July
9%
1,400
8% May
24%
75
19% May
6% May
Aug
Sep
Cherry
Chicago Corp common.
41% May
51%
Jan
Dec
46 %
Dec
5% July
7%
Burrell
Corp
common
5
23%
26
Oct
12%
Dec
Feb
40%
Convertible
_
preferred-
1
a
Called
Maine
v
Dec
44.50
Apr
Cent
Intl
'
12%
1
Burton-Dixie Corp
Butler Bros common
47
Jan
155
Jan
Jan
62%
Aug
Carr-Consolidated
Capital Corp
—
1
Borg (George W) Corp
Borg-Warner Corp common
Brach & Sons (E J) capital
25
Sep
20
795
57%
1
>
170
25%
•
Stores
General
10
common
Jan
"
_
Co
vNov
Ry—
Common
'
Mfg
23
Jun
37%
43% May
15% May
62
.j
•
Dec
.--Oct
27.%
Oct
Chicago Electric Mfg class A pfd_
Milw St. P Pac vtc
Chicago
Chicago & South Air Lines
10%
65
—
■>
•
32
8%
•
—
11
2,200
65
65
200
65%
65%
410
32
32
160
22
8%
9
200
7
5%
5%
250
4%
60%
Jun
65% Mar
—
May
33%
Dec
Dec
13%
Feb
Dec
9 %
Feb
38
(458)
,
THE COMMERCIAL & FINANCIAL CHRONICLE
;
Monday, January 26, 1948
•;
OTHER STOCK EXCHANGES
>
;
Friday
„
-
,
-
Week'sRange
Last
,
STOCKS—
<
sal* Prlea
of Prices
Par
Chrysler Corp common
(The)
Coleman
Co
Commonwealth
Edison
Co
Consumers
(new)
Inc-
2%
(Peter)
Fox
39
28
28%
35
35
9%
__
1
Brewing
High
Friday
66%
22% Mar
39
Nov
25 %
100
3,400
30
33%
Sep
Sep
Sep
Nov
38
41
Apr
1%
8%
..
<
350
94
J6
k
1 17Vi
-8%';.9
15
...
9
190
:
10
2% May
81
13%
150
250
4%
17
1,150
••
-Dec
f
Transp
common___5
.General Candy class A
Motors
General
Gibson
Refrigerator
Gossard
•
Co
(W
Co
H)
Hammond Instrument
Hetleman
Hein
(G)
*
Co common
Werner Corp
56
20%
Nov
65
Feb
1,250
19%
100
16%
4,150
15%
10%
500
700
19 % May
10%
__
21%
,
22
10%
21%
10
8%
100
21%
•
May
Dec
Jan
12% Oct
Illinois
Central
Independent
capital
RR
10
_—,—.
100
common
Pneumatic
12 Va
Tool
29J/2
15
200
Iron Fireman
Jim
Inc
Stores
Brown
Katz
VT.l
Mfg com v t c
1
Jan
11%
Dec
17%
Jan
29 V2
29%
100
18% May
31%
Dec
21%
300
19
25
new
..1
com
Co common...:
Switchboard common
La Salle Ext Univ
&
Leach
Libby
Co
7%
5
common
Libby
May
;__1
Field
&
Miller
&
Modine
Hart Inc
Jun
29
8
May
.11
20%
300
16- '.May
25
52 %
200
20%
47 %
11
12
250
14%
14%
15
2,700
9%
1,000
23
23
1,000
100
4%
20
600
National
10
35%
35%
100
20
28%
28%
50
21
21 %
600
Northwest
Bancotp
common
•
;
21%
l'/o
Oak
prior lien pfd
preferred
100
-100
■_____
Manuiaccuring
Peabody Coal Co
common
class
Pennsylvania
Circle
Pressed
Steel
Rath
capital
Car
(new)
P
&
148
D S
May
7%
Jan
Serrick Corp
34%
30
24%
13% Mar
17% May
23%
Dec
Akron
67%
American
Ind
Sunbeam
Corp
114% 115
1
Sundstrand
Mach
Tool
Coach
Certificates
Texas Co
Clark
Apr
32%
Oct
zi
Apr
26%
Feb
144
170
Feb
190
Dec
93
18%
400
180
Feb
100
11
9%
200
30%
70
110
Apr
15%
10
30%
—.
30%
Dec
26%
Mar
Apr
15%
Feb
3*
May
34
•
30%
500
22%
15
15
100
12
34
11
...
30%
34%
11
30%
13
__
16%
31%
13
16%
16%
1,500
50
1,050
100
450
Feb
14
9% May
28
30%
9
Controller
Cleveland
$4.50
400
26
25
__
8
250
'30%
31%
120
1
10
10%
450
39%
600
25
39%
__
8
5
800
28 %
150
22%
22%
8%
28
8
_*
Co
208 So
(The)
La
.
/"*•
-
\
•
Jun
29%
Oct
May
18%
Oct
30% May
St
Cliffs
Iron
x24% Mar
&
Banxshares
Indust
Mfg
Electric Controller
Erie
Railroad
(Un)
Faultless
s.
Yates-Amer
Mach
v
General
Electric
General
Motors
American
15%
Oct
May
18%
Dec
6%
Lakes
24
(Un)
(Un)
common
Bros
Columbia
common
new..
Prnrt m>».«
&
Gas
Continent* 1
38
Feb
Lamson
13%
Feb
Martin
(G L)
McKee
(A
9%
Sep
37 % May
44
July
8%
Dec
10% Nov
33%
Oct
19%
19 %
500
21
Dec
26%
Jan
54%
55V4
200
53%
19
19%
33
35
47%
48
27
__
Famsworth
St
Radio
Htgn
250
'--k
Feb
5%
5%
Feb
19
Nov
151%
130
149%
Jnn
174%
a9%
85
7%
Jan
11%
Oct
15
19
Feb
15%
Nov
a
100
Feu
14%
2,598
13% May
11% July
80%
1,010
80
July
85%
Get
35%
360
34%
Nov
44%
Feb
a30%
150
27%
Jun
35% July
54% Jan
40
40% May
100
3%
6%
Sep
Jan
31
42% May
57%
Dec
65
83
De;c
alO
30
Dec
12%
Feb
21
21
150
18%
Jan
29 Va
Feb
90
42%
Jun
61
Feb
Feb
a45% a48%
July
8%
34%
Jones
May
39%
51%
Jan
65%
20
41 Va
Dec
61%
Feb
202
16%
Dec
23
Feb
75%
Nov
15%
Portland
75
35
23%
23%
47
/
-
16'..
75
75
1
47
25
,
21%
Dec
35
% May
31
Jun
150
a30% a30%
6
50
10
12-
1
12%
-
25
25
30
—*
39 Va
39'/a
4
5%
5%
1
3
14
22
34%
4%
3 Va
Jan
Dep
Feb
39
Dec
74
300
31% Feb
50
16%
Jan
190
25%
Brick
9
Feb
54%
...
27% May
415
al6% al6>/4
B——
y
Dec
50
40
,
32%
32
Cement.
Metropolitan Paving
70% Mar
45
a44% a44%
:•
(Un)
class
32
65
5
& Sessions
G)
"159
a42% a42%
Laughlin Steel (Un)
&
35%
a55 % a56
50
National Tile &
Y
Central
Ohio
Mfg
RR (Un)
Feb
14%
Oct
May
34
Jan
Nov
26
Oct
Juil
52
-
8%
Jan
Feb
Corp
Patterson
Jun
4%
Jan
12
May
22%
Feb
21
Apr
35%
Dec
May
May
25%
Dec
21
May
37
Dec
Reliance Electric & Eng__——
x45
Dec
54
Feb
Republic
a
34
50
30
26j/2
50
160
a
27
80
24 % May
17%
18%
88
a8%
a
25
15 %
35 Va May
30%
Feb
26%
Feb
10%
Dec
Feb
Dec
950
13%
-
34
27
—*
(Un)
2%
79
167
a
*
__________
Sargent
350
14%
a30Va a30%
*
*
(Un)
Oil
60 %
1,100
200
89%
Jan
108% Juiy
28"%
1,100
23 %
Apr
30%
Dec
11%
550
10%
Dec
13%
Radio
Corp
America (Un)
of
13 %
May
16%
Feb
14%
250
a8'/2
*
5
a23% a23%
Richman Bros
10
24>/a
*
24 Va
4614
7% May
'
172
45
•
(Un)
Steel
738
10
a26% a28 %
222
Thompson Products Inc common.-—.6
a46% a46Va
•
5
14% May
22% May
42 Va
Dec
23% Jan
24%
'
80%
«
54%
>'
Sep
Feb
Feb
31% Aug
Jan
50
11
9% May
15% July
3%
3%
200
2% May
5%
14
14
400
12
__
29%
29%
200
33
33%
800
26
May
31% May
41%
33
32%
32%
33%
S
Steel
Van
Darn
U
(Un).
Iron
Works-,
15%
11
Feb
a72% a75%
10%
10%
*
*
common
9%
—•
Publishing
_~Lr
Young6town Sheet & Tube—
Youngstown Steel Door (Un)_
16
—6
,___*
38
59%
May
Jan
Dec
222
61% May
80
100
10
Jun
20%
1C/4
115
11
Oct
12%
16
100
18
Dec
a70% a73%
245
al7r/a al7Va
65
53% May
.
Feb
Feb
34
Jan
83
Get
1,500
15%
6
4%
60
21
__100
Sep
14%
.
—'
May
17
42
Feb
__
100
12
May
20%
11%
200
10
15
May
21%
Feb
100
7
May
May
12% Oct
7%
5
__
*
Feb
Mar
7%
—
•
Television
19
Dec
May
11% May
85*
•
14
11%
__
1
Curtlss-Wright
3%
2%
Sep
550
26% May
16
May
Jan
•
Motors
75
150
a3 Va
81
Feb
26%
1
Electric
Range For Year 1947
Low
3%
-
a52 Va a52 V8
81
•
—
17%
13 %
50
Steel
Feb
Jan
-*
common
8% May
28% Dec
37%
11%
10
Anarnnda Cntmer Mining
Bethlehem
52'/8
10%
v
10
(Un):
Preferred
Feb
May
27
•
American Rolling Mill
rartAln.iUftil
Sep
Sales ^
Shares
;
High
4%
25
World
com
Dec
0
a'10
Industrial Rayon (Uni.„.—
Interlake SteHmshm
9%
31
98%. 98%
5
& St San
ADr
for Week
a47% a47%
...
Towing pfd
May
33
1
Radiator
Feb
52
Exchange!
a30
*
common
Halle
Mar
14
100
2
Corp
Oct
71%
.Ton
48%
50
.
Oct
8%
Dec
<
an
3
9%
71 Va
Jan
14%
4
Goodyear Tire & Rubber
Oct
35
10
Stocks—
Alleghany
19 '/a
48
Nov
35%
1
Great
__
•
caiptal
20
41
.
May
28
56% May
3%
Oct
110
Apr
79 %
14%
80
15
Rubber
Vlchek Tool
Unlisted
50
52 %
Oct
23 Va
.
Pennsylvania RR
18%
com
common
Dec
Mar
54
15
15
1
—
Firestone Tire & Rubber
Oct
19%
5
.—.--.,-2
common
,
a9%
•
com
Standard Oil of Ohio common
Woodall
Dec "
112
a3
Navigation (Un)_5
Gray Drug Stores
—
....——25
*
Westinghouse Elec & Mfg
48
103
637
7
43%
al51
1
common
Ulumln.
Cleveland
13%
8% Jan
36%
Union Carbide & Carbon capital,—
Wisconsin
69%
19
100
Electric
Graphite Bronze (Un)
Consolidated Natural Gas (Un).
Packer
Corp
20
20% Apr
40% May
50
90
T'V
3%
a3
...1
—
preferred
40% July
—
common
Salle
607
95
27
I.ow
100
Cleveland
»
36%
25
—
,
Feb
Ltd—
—.—.
(Un)—;
...
7%
deposit
(The)
Thor Corp
Trane
of
Co
45%.;"
Range
5
Jun
10
•
stock-
Swift International
Body
48
N
Swift 6c Co capital
&
34% Aug
25 %
May
Dec
Dec
.
Week's
Apex Electric Mfg—————1
150
Jan
69
16%
14
10,.
of Prices
1
American Tel & Tel
20
9%
5
common
49 V8
9%
50c
Feb
10
__
1
_
9%
Par
Feb
17%
—
•
_
Jun
99
'40
Sale Price
Eaton
115
common:.—.—,1
common.
53
18%
W
49 Va
——8
-
8%
Medusa
Stone Container Corp
Feb
25% July
32% Feb
52
58
42%
50
222-.-
64 Va
Jan
.
capital——
42%
Nov
4%
Detroit
•
of
Jan
14
Fen
•
Standard Oil
Feb
99 %
Sep
7%
Jan
50
..10
49% May
Jan
*
common
_____r-.k
...
Mfg
Alleghany Corp. (Un)
9%
Signode Steel Strap common,.—
Forgings
14%
Jun
110% Aug
Jan
58
v:
Brass
10%
Sinclair Oil
Standard
t Aug
71
20
'27
67%'
B
Feb
Dec
8% May
Apr
.*»
Brand Clothes common..
South Bend Lathe Works capital
St Louis Nat Stockyards capital
53
250
24
44%
—
class
Jan
13%
7%
1
Society
7
520
130
95
stocks—
8% Apr
:
Corp
Feb
^153
49 %
44%
Feb
1,100
•
Shellmar Prod Corp common—„
.'29%
Dec
23%
Friday
4,400
common
class B common
Nov
97
20%
Cleveland Stock
8%
1
-
Jan
Feb
22% May
10
Dec
>i
Roebuck
21%
Jan
8%
Schwitzer Cummins
Sears
.
.50
Apr
.
8
lo «Vk,
capital
& Co capital
Feb
Sep
"
7%
is:
gtd.
Playing Card
8
common
Sangamo Electric Co
26%
8%
23 V*
421
k
80%
16
G
8%
2%
common
,
7-——*.
•___
__.50
Lunkenheimer
8
50
Co
(The)
Packing
148
Julv
23%
l_
5
100
RR
Perfect
169
Feb
51
207/B
S
...
Miami
1
B common
preferred
6%
168
__
28
19% May
;
33
8%
v
Kroger
Cleveland
Util
Northwest
8
*
••
9%
-
6,812
78%
10
...
Hobart class A (new)
Kahn
;
Preferred
8%
80
Nov
24"%
—
::
Va
7%
.1
Mar
12
*
common
2
50
1'
Western' Bank
17
24
*
common
64
Feb
50
51%
Car
95
^
Formica
Nov
300
4%
Standard
24%
94
,
Gibson Art:.——
Nov
650
50%
American
5 %
,
6%
Montgomery Warfi <5? Co.—50%
North
23%
95
250
9'/a
Jan
Jun
46
7
Feb
16
45
20%
9
32
Telephone
Crosley Motors
Eagle-Picher
10
6%
6% May
24%
vtc
Mfg common.———
Chemical Co common
Monroe
23%
-
19%
Last
1
8
common
8.50
..100
J—
:
16
Dec
11% May
9%
Mickelberry's Food Prod
Middle West Corp capital
9 Va
_
U S Printing.
Preferred
9%
9%
__
common.,......—.*
Co
Jan
18
49
—
Marshall
4%
200
300
550
'
Lindsay Lt & Chem common
6% Dec
19
19
*
100
220
18%
18
7
Printing Co common—
Lincoln
7%
6%
—
common
4%
14
7
*
common
McNeill &
13%
—
*
.
17
4%
1
Drug
Kellogg
7%
7%
17
—
202
-•
High
37% Feb
Dec
3%
*
Feb
__
*
52%
19%
:
29% May
437
.
22
52
.
•
—
Cincinnati. Street
Randall
Indiana steel Products Common
52
Mar
x24
Dec
20%
•
com
13
4v-
——+
Cincinnati
Little
Illinois Brick Co
• 3
.
Champiem Paper & Fibre
Dec
29
Jun
20
Oct
20
9 % May
26
Jan
9%
6% May
16%
25%
40
20%
■
;
Low
31%
4
' trL
Range For Year 1947
High':
30%
-
Churngold
Preferred
LOW
30%
Dec
Jun
Jan
10%
26
(new)-——._____3
Jan
17%
62
50%
„
19%
10%
Horder's Inc common—,
100
330
1,000
16
__
1
8%
8
16
1
Brew Co capital
56
8 V*
1.
•
common
19%
54%
54%
1
common
55%
19 Va
10
common.:
& Dk
Lakes Dr
Great
55 %
.
5
Corp common
Share*
__
Cincinnati Gas (common
Feb
31
Mach
Burger Brewing
Carthage Mills:
«>ct
19% July
11% Feb
Feb
9 V, May
_•
Rights
General American
for Week
of Prioea
*
Par
,
American Laundry
NOV
113
May
Sales
Range
Sale Price
STOCKS—
13% Feb
Dec
Exchange
Week's
Last
Oct
56%
1,000
2%
94
„
10,.-
common.
Cincinnati Slock
Range for Year 1947
Low
SVa
2%
—*
Auto_
Shares
Balcrank
of-AmericaiTnc——-——1615%
Four-Wheel Drive
;
603/a
—
10
Eddy Paper Corp (The)
Mills
58Va
28
50
Sales?,-,'
for Week
Hioh
39
25
common
Dodge MfgCorpcommon---——
Domestic Credit Corp class A—
•Flour
58%
5
pfd (new)
cum
Low
RANGE FOR WEEK ENDING JANUARY Kt
5%
400
4%
I
Jun
5% May
Jan
12%
Watling, Lerchen & Co.
Feb
6%
Feb
8% Nov
Members
General
Electric
Laclede
Gas
Co
*
34%
34%
35%
200
32
Motors
Graham-Paige
1
4%
4%
5%
1,100
3
Light
NaBh-Kelvinator
New
York
North
Pan
Corp
Central
American
Packard
4
Motor
Amer
8
RR
capital
10 '
Car
Oil
Pictures Inc
Co
.
new
com
common
Radio Corp of America
common
i
Radio-Kelth-Orpheum
1
Republic Steel Corp common
•
4%
Apr
6%
16%
16%
300
14% May
19%
Feb
14
300
12Vi,
Dec
22%
700
16%
Dec
33%
Jan
4%
4%
1,700
4%
Dec
7%
9%
100
8%
Dec
14%
York
Curb
Feb
Jan-
20 •
26%
,
20
100
20%
Dec
31
22
__
22 %
700
22%
Dec
26%
27%
200
21% May
7% May
8% Dec
__
24%
8%
8%
200
24 %
25 Va
800
23
May
10%
Telephone: Randolph 5530
Feb
30%
Detroit Stock
Feb
15%
DETROIT
Building
33% July
29% Dec
*
1
^
Ford
Feb
Friday
v
Last
STOCKS—
Exchange
Week's
Sales
>
Range
Sale Price
for Week
^ of Price*
Sharea
'
Socony Vacuum Oil Co Inc
18
15%
15%
16%
Standard
J
25
70
70
73
Steel Spring
1
Standard
Oil
of
N
2,700
400
13% Mar
64
Mar
11% May
17%
79% July
17
Par
Dec
Feb
Allen
Electric
American
Baldwin
Btudebaker
Sunray
Corp
common
OH Corp
1
Com
Wilson
As
Co
1
•
•
common
For footnotes
see
page 46.
Associate
Chicago Stock Exchange
Feb
9%
Stock Exchange
Feb
16'/a
__
.
Detroit
Feb
13 %
New
New York Stock Exchange
Oct
15%
__
*
•
200
8
__
__
2%
33%
(The)
:
•
Airways Corp
Paramount
16%
5%
39% Feb
—
•
Co
Pepsi-Cola Co
Pure
5%
May
May
19%
10%
__
19
10
2%
20
600
10%
1,600
2%
300
16
May
24%
7%
Jan
12%
Sep
2%
Dec
4%
Jan
10% May
17
Feb
Oct
Bower
Metal
Products
Rubber
common
—1-
Roller Bearing.^^..
Burroughs
„
—2
t
-
^
—5
—5
-10
2%
22.%
34%
..
r___
_
__
__
.
Range For Year 1947,
High
Low
375
2%
Dec
5%
200
15%
Jan
25%
Oct
14
Dec:
36%
Jan
"34%
' 200
10
May
36% Jan
13%
13% <0
150' "
12% Ma?
58%
58%'
456
57% July
19
May
22%
Hioh
2 Va-
22%
zl3J72 z15»/2— -k"'ioo
—-
Adding Machine
Chrysler Corp
Consolidated Paper
Low
.
—1
common
22%
100
16%
65%
23
""
Feb:
oct'
Oct
Nov
Volume
167
Number 4667
THE'COMMERCIAL
OTHER
&
FINANCIAL
STOCK
CHRONICLE
(459)
EXCHANGES
RANGE FOR WEEK ENDING JANUARY 23
•:,% Friday
'
T-:h:v
STOCKS—
i
vvT'v''
Week's
Range
of Prices
f
Par
■:
Low
Bros-
1
.—-J-.-
Clevclan(| Navigation
Detroit Edison
common
Detroit-Michigan
Detroit Steel
5
.'•■
Products
—
-
'J..
_
—5
20%
100
187a
27a
1'.'
4".
i
'L'
"l
Industries
Brewing
Graham-Paige
common
«
57a
77a
Motor
—„
Sinclair Oil
Solar
Southern Calif
Oct
19%
Sep
-2'/2
com..
&
-50
4.48%
Mfg
common.
Drug
Feb
307a
Apr
'
Sun ray
77a
Feb
Transcon
Jan
Union
Sep
United
9%
67a
Feb
774
Nov
517
197a
532
Dec
'
Dec
/
340
?■:
200-
14 7a
14%
100
—
1%
,800
\1D0
174
t.''
•
'
■
137a May
——_
Screw
McCLanahan
Oil
common
Michigan Sugar
.2%
2%
l7/a
:17a
1%
1%
.1
.
174
—
common
Motor Products
,
—2- \
_
Products.
...
..
_
..
Murray Corp
'
•M
_
^._ —10,
Western
of
Air
California
Steel
Inc
Lines
Corp
G &
S
Airlines
Park
Car
*.
Peninsuiar
Rickel
4%
Metal
Products...
Raisin
37/a
1
:5%'.
Scotten-Dillon
common
.
Tel & Tel Co
3
Viscose
Feb
Anaconda
Armour
Copper Mining Co
Co (111)
Atchison
common
Standard Tube
Superior Tool
class B
&
Die
com
_
Tivoli
Brewing
Udviite Corporation
••
3%
•
•
1
—1
87a
Topeka
Oct
Atlantic
16
Dec
Avco
;
3%
6%
-372. May
6%
Dec
374 Nov
Jan
97a
Jun
10
1774
Dec
Screw
3 "
Dec
-.,'43/4
Feb
474
Oct
2% Dec
6
Apr
11
117a
174
17a
1 y4
2 7a
2 7a
2
common
Products
1,100
*1174
125
10
Commercial
Jan
Commonwealth
Commonwealth
May
14
Jan
May
3
Last
Aireon
Mfg Corp
Range
Jan
2%
Jan
Bandini
Barker
Petroleum
Brcs
1
Company—
Corp
.§>;
Blue Diamond Corp
Boisa
Chica Oil Corp
5%
1272
..-.2
77a
1
97a
Broadway Dept Store
Byron
7
*
Jackson
Co
?
common
-•
Central Investment Corp ——^—-*20
Certain-teed Products Corp1
—
Consolidated Steel enrp
Creameries of America* Inc.,
Douglas
Aircraft
Co
Dresser Industries
Products
Co
Ltd
*
Tele
&
„
a537a
Co
-rv^9
,
2
Motors Corp common
10
Gladding McBean & Co
—J;.——*
Hancock Oil Co
"A"
10
j
27%
•.
J;.*7.':
,>'
Intercoast
Jade
—
common
Petroleum
Corp
Company
Kaiser-Prazer
Corp—
2.30
10
.
1.40
300
Nov
Petroleum Co
Petroleum
McNeil
•
York
New
&
.1%
1
1
173
52% Mar
58
Nov
170
317a May
42
Mar
%
of
71% May
62
a35
47a
May
147»
a32 7a
32%
200
14
210
a32 7a a33%
a2472
Jan
1574
Oct
97
Jan
Apr
4%
75
77a
Dec
22
41
Oct
38
Dec
14
Feb
24
Mar
Feb
39
Dec
39%
Feb
101
Dec
237a
Oct
41
185
40 y4 May
437a
Sep
a477a a49 7a
230
46 y4 Mar
54
Oct
320
10y4
Dec
1074
Dec
9% May
15%
Feb
9%
9%
10
all*
all
50
a597a a5978
20
54
Sep
63
Feb
a34 a355/a
87
24
Jan
407a
Oct
110
.10
May
1274
20
22
Dec
26% July
25%
Nov
31%
Feb
3%
Jan
—
_1
-
—
a21%
all
a21% a2174
27%
*
27%
2%
.*
a22
292
American
Packard
Pan
Motor
~
3
American
2%
200
a23
230
21
Dec
1474
77a
122
11
May
7
May
119
a297s a307a
67
14%
i
l
77a
5
a49
1
5
a21
*
■
2 1
34 %
12%
Pennsylvania
•
Car
Feb
; i
Jan
Pure
8
Oct
Dec
42
July
Dec
36
Jan
13%
110
75
a5
1.10
260 ;
Texas
Oct
Texas
Nov
Union
Carbide
Union
Pacific
Water
12c
3.500
225
300
12,350
United
Air
U
Jan
Dec
Feb
3274
Feb
S
Oct
47a
661
4%
Sep
8 74
J)
Feb
Dec
97a
Nov
21
Dec
3074
Jan
599
15%
Dec
267a
Feb
130
22%
Dec
26
Nov
55
37% Apr
4774
Dec
a51
270
53
Oct
'■'V 60 %
Feb
277a
525
22 72
Apr
287a
Dec
87a
583
10%
Feb
2474
257a
1,026
7% May
23 y« May
a39% a397a
157a
20
...
157/a
*
14
2,452
Mar
Carbon
Co___
•
Corp..
Inc_
—
_
.
Rubber Company
47
317a May
258
377a May
44
144
6574
Feb
12
397a
-
.
Feb
July
787a
Dec
Dec
15 7»
Jan
207a
589
16 74 May
257a
Feb
105
3374
Sep
3774
Jan
60% May
5474 Sep
12
al2% al27a
187/a
a357/a
55
320
5374
Sep
55
55
135
48 7a
Apr
207a
21%
800
1874 May
937a Jan
95%
67
1537a
39
26
275
17%
17%
162
a43 7a
a43 7a
25
12
320
947/a
937a
al527/8
5
v-
10
10
.
Dec
Jun
Nov
a357/8 a36 7a
12 7a
Co—___ —100
___
1774
307a
2572
a70% a73%
a
10
__
Mar
50
54%
Oil
Feb
26
172
39 74
*
Co
30%
Mar
a26 7a a277a
187a
25
16%
26
a37% a377a
a26 74
25
Inc__
Corp
7%
8%
39.74
_
Lines
Oct
267a
15
..
Warner Bros Pictures Inc
Western Union Teleg Co class A_
Westinghouse
2.90
—
a
26
'•'7
25%
Oct
106 y4
Oct
—
——
1772
Jan
1574
Dec
•'>
2474
Oct
277a Mar
4174 May
59
Feb
Wonlworth
Co
Motors
IF
Inc.
W)
Sep
5
11%
•
11%
al97a
1274
is y4
Dec
17%
Jan
19 7a
50
-12%
Corp
287a
287a
195
1
87a
87a
300
227. May
774 May
a46
a46
5
447a May
.
.
-10
'i:~-»
a
Feb
26
Oct
30% July
W
1374
Feb
60
Feb
Dec
21%
Electric
Willys-Overland
Aug
%
9% Feb
62 %c Feb
Oct
Feb
10%
Jan
31c
1.10 Jan
25c
1874
227»
Jun
2374
a43 72 a43%
•;
Inc
&
May
i;T4%"Jari
5% May
45c
2.45
Sep
May
7 7a
145
18
(Ind)
Aircraft
3%
Jan
12
a507a
Railroad
United
1.20
8% Dec
Feb
1574
a22 a22 74
*
—
Associated
Jan
95c
Jan
16
55
360
17%
*
Company
Gulf Sulphur
270
Jan
Feb
257a
62%
Dec
1.70 July
May
—1Dec
48c: Mar
1074
Apr
445
50
25
—
Standard Oil Co
19
70ci
97«
220
Dec
24%
Dec
1 May
14 7a
Jun
Dec
5174
4%
a
18
15% Jan
ilG'/a
—
8 74
Feb
Nov
'
19
15%
~
*
Studebaker Corp
Swift & Co
11
16 7a
49%
.
'275
14
Sr. May
a
13%v
17%
Apr
•
478
137a
16 7a
9% May
95
507a
May
43%
280
al7
9%
a
9%
507a
'«
3
175
972
16 78
97a
*
Dec
65% Mar
38%
19%
Brands
24c
*
26%
97a
Railway Company
Jan
Jun
Feb
80
a
«.
„
(N
Oct
49%
210
19%
Southern
Co
14y4
100
4
1
Standard
Oil
Dec
4%
2.50
_
Company of Del
Webster,
Jan
12
Jan
a28
a5
*
Co
Aug
&
42%
a39
a5
Incorporated
Stone
Dec
'
Company
Radio Corp of America
Oct
•r":
34%
33
a45% a46 7»
1
Oil
Dec
May
16%
39 %
4%
-33%
1.70
Nov
May
10'A May
Oct
13%
_
Corporation.
21%
20%
13
Oct
5872 Mar
Feb
a38
a45%
5
.
_
Inc
674
a27%
__
•
Inc.
Dec
Jun
25
•
Airways Corp
Dodge
Pullman,
Feb
1.20
Feb
50 7a
173
__
«
110 :
\
12%
347a
56
7
_
Socony-Vacuum Oil Co
Apr
Apr
Jun
4Va
656
a53% a53%
•
10
Feb
Jan
Oct
17%
Jun
43
35 %
12%
—
-
Inc
Railroad Co
Phelps
29
25
417a
145
a
a37% a37%
__
*
Co
34
•
Sep
26
700
alO'/i al0%
'34%
l
Pepsi-Cola Co
1174
2% May
100
57a
a2074
__
•
Pictures,
Feb
974
,
a48% a49 74
1
Canada
RR
May
'•,14c
130
,
10
316
47a
25
pfd
Aviation
Seaboard Oil
65c
■
5,400
8%
241
91%
a337a
*
Corp
&
Central
American
13% May
15 V* May
17,689
19c
147a
91
*
5
Co,
Corp
95 c. May
-
>5:
8%>;
150
135/a
—
91
-
all
Libby_
Feb
42c
2.35
•
Dec
35
a327s a33 72
—
*
65
2.25
—
1..
8%
,77/4-''
-
.
Corp
,—,
2,260
a537s a5474
a327a
*
Corp
Co
Jan
11% Sep
2,000
1.15
16c
>
ific
„
J
,
8%
■
,
Nov
Jun
„
May
26 ;
6,932
290*
■!% :-
1.05
Oct
Feb
70
•
7 7a
500
1.25.
1%'
.
1.15
1
_■
1.20.
-
974
16%
Apr
15072 15174
15
j.
_
North
Dec
14%
Jun
1,620
a2G4% a264%;
L20
Dec
150 %
5
_
Jan
350
Jan
12% '
1.40
7%
11% May
51%
•
52%
4272
6,000
16.%
100
799
240
10"
Gas Light Co.
2.05
574 May
8% Nov
4,200
1.25
••'
774
14
♦
1572
Oct
82
26c
>16%
--
Apr
90
—
Ry Co
Nash-Kelvinator
May
227a
May
Apr
13
49c
124
:
Jun
2.00
.
1st
»%#
1st
preferred
Pacific
Western
Rexall
Drug
Ranch
Richfield
Oil
Corp.—:
Petroleum
Co
common
Inc^_:
Oil
Oil
Co
49%
*
a53%
;_10
Company
1
Sears Roebuck & Co
Security
Co
Union
*
—30
-
Oil
Trading
Corp.._
Corp.—
For footnotes
see
page 46.
_'_15
._25c
.
34%
Jun
33%
Dec
'To:
30
Dec
38 y8 Mar
48%
Oct
55;
Feb
62%
Feb
16
271
••••35-
110
22%
24%
-42
Philadelphia Stock Exchange
Jan
'
41%
;6%
330
97%c
al5%
;
f
1.10
a
12,650
16%
5
225
5%
a207a a20%
16
__
50
"
Apr
12c".
14c
••
6%
Feb
57%
27%
Dec
207a
Dec
177a
Dec
3iy« May
48
25
17,000
?
Feb
Baldwin
Budd
Feb
& Tel
Locomotive-Wks
40% July
33
Com
new
v
t
com
Delaware Power & Light
Electric Storage Battery
July
,
July
23c
Oct
Shares
j
General
Gimbel
Motors
Brothers
LOW
.247a
247a
c—.
Low
257a
460
150 7a 15172
1,781
13
147a
137s
14%
219
9%
9%
107a
571
—27a
Corp
__
58
1
_
•
1
77a
-13%
10
5
77a
60
1
8
177a'
177a
53 7a
*
-
577a
557a
54
54
19 7a
19
Range For Tear 1947
High
1507a
*
Cooper Brewing Co..__
Curtis Publishing Co
■
59
Sales
for Week
100
18% Nov
May
Sep
Tel
*
—
Co
Chrysler
257a July
26 >/4 Mar
10c
American
Dec
7
-
Range
•f Prices
Tar
American Stores
Nov
18%
3% May
551
O:
11%
95c
Jan
Week's
Last
Dec
52y2c May
14
Friday
Bale Price
STOCKS—
Oct
Jan
200
50
a315/a a315/a
.
9
609
34%
—
a3i5/a
25
-
,195
(
16
34%,#7 34%
450
•
'Nov
51
"2,385
6%
-
1.05
__
'
49%
a49%a51%
24
„
5
Co
13% Jan
100
a53% d53%
al5%
1
Safeway Stores Inc
Finance
3
6%
*
Seaboard
49%
._
v
1 ■;J
common—
305
721
.
a31%a31%
__
.10
1
18
35%
-
2.50
Corp
Aeronautical
—
3572
35%
__
.25
—
18
35%
__
.25
Indemnity Company
Pacific Lighting Corp common---
Republic
10
25
preferred—
Pacific
Sierra
14
310
•
12c
Dec
a24 72 a267a
Copper Corp
Paramount
141.
1.20
•'•
Shell
62
84;025
20%, 21%
-
Company—,.,1
Manufacturing Co
1
Pacific Finance Corp common
Pacific Gas & Elec common
Ryan
Dec
■11
11
t
j_;
Oil
OCeanic Oil Co
Rice
477a
300
>
Nov
Dec
common—a
Nickel
North
Jan
25c
25c
—1
i,
Company
Northrop Aimraft InC
i''
23%
83.;
2.50
774
Corp
(Del)
Montgomery Ward
Nov
Dec
1.10,
__10c
National City Lines Inc
NOfdon Corporation Ltd—
/'
35
1174
285
187a.,
4c
75c
J-
a55
-
;•
Jan
1372
25
Feb
100
:
al6% ai67a
Petroleum Co 'J.
10c
Lockheed Aircraft Corp
l
Los Angeles Investment
Co^—__100
Occidental
13 .137a
18.7a
Lincoln
Merchants
20
738
42%.
Dec
10
a515/a
•
Tide
Lane-Wells
Menasco
a
1.55
.
6.66%
Oil
Mascot
1774 May
21% May
100
557a
300
47 7a
May
Co
Standard
•
Inc
Northern
Laclede
Oct
2,100
95 ,967a
-
1
Hudson Motor Car Co
!
a42Va
137«
.
Holly Development Co
Foods
1774
80
27%, 27%.
.
;_*
Hilton Hotels.Corp
Hunt
:
10
54%.
,
V
common—*
common
300
90c
Jan
Dec
30
Aircraft
Republic Steel Corp
Garrett Corporation (The)——
General
Goodyear Tire & Rubber Co
12 Va May
146
97a
90c
15%
672
78
Int'l Tel & Tel Corp—
Oct
Sep
91
a77a
9.
23 V4 May
119
200
Kennecott
Jan
66%
499
300
Tc
1,015
1,073
Corm.
Loew's Inc
207a
2,900
a67a
'■i'i
1
41
77.
500
Y)„
(N
Public Utilities
International
15% July
56%
75c 77 Va c
1
__•
Great
NOV
14 % -1474
100
Corp
A—
Apr
100
2274
Feb
a3c
__
1
Electric
Dec
34%
30
a53% a56%
2274
14 Ya
19% May
12 7a May
1,335
1„
'
115
'.
79%
34
Company
Graham-Paige Motors
Nov
31%' 31%
ai2% al2%
:
a
Apr
Feb
27
12% Nov
9% Feb
32s/a
70
4
Radio
17
'16%
r
25 7a May
17 7a
a
.
_50c
—
Farmers & Merchants Nat'l Bank
Farnsworth
•
.31%
•
Corp
Fitzslmmons Stores class
;v
14
63% May
,si3c
15
Goodrich (B F) Co
Jan
625
V.
60
a
478
-
705
1674
al4
Jan
11.
;
Libby,
317a
60
•
—i___l
class A__—
30
Dec
39%
1372
5
Southern
Vultee
Foods
General
5y«
6% May
6V2 Jan
60
■
20
Inc
Inc
Electrical
Exeter Oil
20
1674
7.
Corp common—*
————2—
—
572
'•
2.50
Iron
11,430
'
Feb
267»
7274
__
BUpi
,
18% May
5
Jan
1,694
11
14
a327a a337s
—
-
Chrysler Corp
Colorado Fuel &
V. Preferred
-
77a
a26 7a a267a
—
Packing Corp
3%
-121
3,400
9%
—
Lou
% Dec
5,120
1272
13%
•
California
6%
1174
20%
May
273
1,984
29%
"A"
General
100
a227a a23%
—
♦
i
Class
;
1
10% May
15 72 Jun
20
1974
24 7a
33
Electric Bond & Share Co
Range for Year 1947
High
1
t
67a
';>.•■
-10
common
Basin Oil Co
1
1,799
18%
2274
—
297a
Zellerbach Corp
General
Shares
"
Feb
62% July
•
for Week
of Prices
-50c
1974
5
Edison
&
Edison
Consolidated
Sales
Sale Price
low
Jun
Oct
Angeles Stock Exchange
Par
117a
12 7a
5
Corp..
Corp.—
Solvents
Curtiss-Wright Corp
STOCKS—
Sep
76
11%
90c
-5
,
Continental Oil Co
Week's
12%
al37eal3%
517s Mar
—*
;s.
Columbia Gas & Electric
77a July
15
July
Crown
Friday
Jan
25
Corp
Continental Motors Corp
Los
7%
13
Canadian Pacific Railway Co-j—
Caterpillar Tractor, Cb!
Cities Service .Co
*
—i
Consolidated
Aircraft
Wayne
1,997
Jun
297a
Jan
Jan
1172
.
1,516
107a
.
Budd Co ———-j——*
Oct
7%
Aviation
Borg-Warner Corp.
4% Jan
97/a
760
.
5774
107a
a3c
_3
Boeing Airplane Company
Borden Company (The)
300
-
55%
774
100
—i—
Bethlehem Steel Corp
100
:
Oil Company-
Bendix
Jan
970
i
Barnsdall
Feb
Jan
650
3
Dec
39%
5
Fe Ry.
Co .(The)
Corp—————
67,
77a
50
7274
50
Refining
Mfg
7%
10 V4
United Shirt Distributors
Warner
& Santa
417a
.
Apr
327a July
•
Aug
Dec
325
•
6 7a
10 74
:
35
14
Dec
343
1574
3%
:
6 7a
;i
> 37a
'3''
1
:
_
Corp.
37a
2,200
10
972
14%
__1
common
"
3 7/a
9%.
^17,
common
57a
,
8 7a
10
-
Manufacturing
^
'•
•
Sheller
&
27 74
4% Sep
-
1,083
Mar
295
—
—100
33%
.
800
3174
5.7a
5
.
850
3%'
30
2
Paper
4%"'
4.72,.
4
(,H W).
River
,•
1
^
Davis
40
457a
.1
Baldwin Locomotive Works..
1
Chemical
Parke,
_—.1
—
American
'
Packard Motor
Dec
.1
Mng Co
Oct
27a
1%
187a Apr
10 f. May
200;
;V
Dec
Stocks-
Jan
Sep
May
174 May
150
15'74::
:
Dec
100
21%
.14%
;•
17a
Dec
22
32
■
American Radiator & Stand San Corp.*
Amer Smelting & Refining Co
•
67a
75c
26
•
'
American
27a
600
Jan
200
1
Feb
2% Feb
34%
671
23 74
10
.
Inc
Oct
Nov
Dec
1,573
«
■
16
27
347a
117a
V
9 '
18
Jan
247a
.—5
Cons
Chollar
137a
28%
al37s
Mining Stocks—
Unlisted
Dec
Aug
77a
107a
—25
common
Consolidated Oil Co
Air
Apr
18
24
2
Cardinal Gold Mng Company—,.;
1% May
5,950
■
1%
21%
14%
T.
,
1%
'yftl
<■
.
287a
•>
v
-50c
American
LaSallef Wines
Masco
1,924
1.35
May
567a
"
1
-
Corporation
States
Universal
Oct
21%
•%••
47/a Nov
5% Apr"
■
29%
High
Dec
14
347a
;%:> ■
__
Dec
"-778
;
13% May
3%
12%
300
31c
457a
"•
Calif
Feo
21
»
&
Oil
Western
Oct
1474
Sep
7 7a
10 74
24
—25
1
Textron Inc
9 74
V
Jun
14j/4
-11%
117a
:
Oil Cdfp_
974
Jun
Jan
9%
450
.
'•
;
57a May
100
•
254
Feb
3
.
620
7 74
-1
_
150
.
1472
•
of
Co
16%
28%
Company
Oil
2%
July
7
6
3%
I
,
9
Pacific
Standard
3,000
10
28 74
25
pfd "A"
Southern
474
Sep
5
104
1,175
187a
.
—5
common
57a
72
T55-7;
25
_
_
preferred
6%
Low
349
10
•7'v/3—' ■■if:
Range for Year 1947
High
33c
107a
com. __25
preferred-—
cumulative
Calif Gas Co
7-rv;;.
l
Co Ltd
Oct
Dec
to O
Company
Edison
convertible
4.32%
;
♦
common
57a
.; 14
-
855
6%
9
2%
V
Nov
;
Aircraft
Feb
474
7710
Shares
«
Corp
Transamerica
"••''
67a
57u
47a
5
-
King-Seeley
Kinsel
Jan
267a
Oct
fer Week
LOW
1
137a July
Dec
10
1,200
••'"'.
8
47a
.,
":
__
_
Car
Kniser-Frazer
57a
7'78,i
,
1
—
.Electric
Lock
Signal Petroleum Co of Calif-
277a Mar
•;
Bales
Range
ef Prices
Par
Jan
«%
>
Sep
2%
,
100
,.s 720
v-
1 •••'■•'
217a
674
common
Manulacturnig
Hudson
Hurd
1
..
,
47a
••
"
.21%
____
Goebel
Howell
.
.1,000
87a
V
■1
——1
_
General Finance
Gerity-Michigan Corp
2%
*
87a'
.
ft
Hoskins
Oct
Dec
300
LVl&ww'?*'' >"•••■ •••1
7 ■:
Trailer
Lamp
21
20%
■■
■
—
Hall
'8%
5.718 V
24%
—
Frankenmuth Brewing common
Friars. Ale
•. •'
Wood
200
,
8
Week's
Last
Sale Prlee
STOCKS—
Highr
7
Apr
10% May
17% Jan
'
Eureka'W illiams
Gar
Low7
6%
: 1.175
.
Fruehauf
47a
2174
Friday
.;v7 ,■•.'■
So
Electromaster
.
I i
400
11%
10
^
v
Range for Year 1947
-..v
•
1174
•'.24.
,11V*
Corp
Detroit Steel
•
•
772
21
1
_
.
77a '
4%
.
%0
—
Stove
'
;
for Week
.../.Shares
High
,
Davidson
Detroit &
Sales
Last
Sale Price
.v
•*
56 74
20
1,014
30
653
23
149%
13%
9
56%
2
May
Jun
Dec
May
Sep
Dec
6% May
High
28% July
174% Feb
24 y4
Feb
15
Feb
66%
6
12 %
1,112
16
Dec
24%
525
47
Jan
57%
51%
Jan
65%
16%
NOV
1,688
455
24%
Oct
Feb
Feb
Jan
Oct
Feb
Jan
39
40
(460)
THE COMMERCIAL
.
CHRONICLE
& FINANCIAL
Monday, January 26, 1948
STOCK:
OTH ER
RANGE FOR WEEK ENDING JANUARY 2:i
%
Week's
Friday
Sales
Friday
Last
Range
for Week
Sals Prloe
STOCKS—
ef Prices
Shares
Week's
Sales
fer Week
Last
Range
Sale Prloe
STOCKS—
Range for Year 1947
ef Prices
Range for Year 1917
Shares
■
''
'•
'*♦■;•/-.%%:,• t.\.
•
•
Low
Par
10
Lehigh Coal St Navigation
Lehigh Valley RR
&
Power
Low
10%
681
5%
5%
2
%
_
National
High
10%
%
10
»
Light--
Par
High
9% May
4% May
Feb
12
8%
,% Dec
Jan
Crown
Zellerbaeh
$4.20
1% Jan
•
2nd
Pennroad Corp
Pennsylvania Power &
Pennsylvania
.1
RR
common
—
; ;:-v V
50
_
46
*
common
Reading Co
Salt
21.74
22%
213/a
215
30'A
Sun Oil Co
•
—
27%
Dec
18%
11%
75
43%
304
40%
55%
202
50% May
17
208
El
29 7% July
35%
Gas
part pfd —25
Westmoreland
4%
13%
Coal
21%
20
34 Va
4%
2%
49
Ewa
617
Food
Co
cap-j.
Television
Week's
Linen
Alleghany
Steel
Ludlum
—L—_4-.
Arkansas Natural Gas Co
Blaw-Knox
Clark
Columbia
—
Motors
General
Pauit Corp
38%
Jun
Cumulative
Dec
Conv
—
Gas
Devonian Oil
T
Steel
Fort
Brewing,
Harbison
Lone
Walker
Star
Fuel
Supply
San
Co
Toy
62
680
230
23% May
153/8 Jan
377/8
Dec
50
7% Aug
10 %
Jan
Apr
27 Ya
Dec
Jan
213/a
Nov
20%
185
17%
6%
13%
13%
602
4%
4%
3%
270
3578
377-8
195
61
61
10
35%
G
Dec
Nov
167/a
13%
358
32
Jan
8%
541
II
Feb
30
•
35
35
35%
37%
267'a
267'8
28%
10%
Sep
45
1%
loc
Feb
Apr
427/s
Feb
July
32 va
210
64%
Dec
Dec
2
Dec
18%
Dec
32% May
49 3/4
Jan
3%
3%
1,300
2.30 Aug
37/s
20
20
400
17 % May
6%
6%
6 3/4
672
37%
1
37%
164
5%
53.
800
5%
29c
290
27 %
•
43
-
22% May
July
39
Oct
303/4
May
Dec
Range
of Prices
T^ickheed
STOCKS—
Sale Price
Par
American
Inv
1
common——
Bank Building & Equipment com
Brown Shoe common——;
Clinton
Industries
Columbia
General
Menasco
Co
15
1
(Un)__
•
General Motors common (Unj
Shoe
General
__
Johnson-S
9%
_*
HiUH
50
127i
Jan
14%
1,080
b%
Oct
7%
Dec
80
26%
Jun
36%
Jan
33
33
"
600
35%
Dec
39 V2 Mar
9%
9>2
750
9
35
35%
130
32
56
145
Bl'/q
Dec
18
29 %
50
267 b May
40%
40%
60
36
11%
11%
33
33
200
FeK
25
36%
Feb
Nov
237/8
20
Feb
65%
Jan
Feb
39%
May
41
Dec
Jan
28
Apr
May
Mfg
Oct
44
Feb
44%
282
37%
Jan
45
Laclede-Christy
Laclede
Gas
—1
common
12
12
120
11
Aug
16
Mar
May
12
24%
Dec
35
Feb
Dec
Dec¬
12
2.50
a
1,391
18%
Feb
105
July
17%
29,850
55%
95c
—
common—
Laclede Steel common
24%
Jan
29
1st
-
preferred
Roebuck
Securities
15%
15^4
5%
5%
9
236
490
12
Jun
43/4
Feb
17% July
Jun
7
Feb
29%
29 %
30
128
21
Jan
31
Apr
1.65
20
14
175
10
21%
Feb
Dec
227a
23%
115
21%
Dec
30%
Feb
25
17%
18
357
18
Dec
136
5
138
Sep
17%
136
50
1.45
678
1,800
60c
3,458
205
5 V». May
25% Dec"
34%
Jin
24%
24%
200
20% May
30
Jan
352
35%
60
9%
365
'9%
common
8% May
5
15
1312
51
Friday
67^
100
6%
Dec
10%
Jan
35%
85
36 7 8
Dec
37%
Dec
75
32
Sep
19
145
15%
Jun
29%
13 %
14
785
13
Dec
53
51
200
38
May
Feb
Dec
17%
Sep "•
40% Mar
2 (-3/4
30
*33
2934
l
1.40
1.80
8.285
1.10
15
15%
1.286
123/4
1
Mining Co—
preferred—:
5% 7
preferred
North
—
10
10
400
113/8
50
Filters
Coast
1
10
85
71
71%
to
37
?1
41c
43c
900
11
11
211
__
10
41c
1
*
--
1st
103
preferred
*
—
Co's
41% Mar
50%
Dec/
6274
Par
Feb
15% July
521
24'/a
Dec
28'%
Atlas
Calif
National
of Prices
96
108
89 V\
Dec
129
74
75
499
65
May
79
57 %
410
54
DeC
63 % July
42
885
25%
Feb
46'A
Nov
10%
350
7
Dec
27%
Jail
___—
94 %
40
40
9%
_*
%
53
23
27%
43
145
■u
24%
24 v2
93
Jan
313A
Nov
Dec
38
Feb
Jan
26 %
Dec
Apr
25%
10
270
19%
22%
1,004
15%
15%
615
30
Co
Manufacturing
31%
160
30%
22
,
Dec
Bandini
Petroleum
Low
— —
Bros
Roos
14% May
10
18
18
100
15% May
Stores, Inc common.
—5
Mauricio Mining.:
-10 pesos
20
203/e
609
203/8 May
9c
10c
22,000
33%
35
338
a31% a32%
85
307/a May
25% May
84% Jan
W
&
Sears.
Inc__
Foods
Fine
Roebuck & Co capital
•
15
Union Oil "itnmon
Shell
Basin
Bishop
Co
capital
Sugar
California
Art
California
Cotton
California
Ink
California
Tile
LOW
125
75
30
30 %
1,367
7%
7%
360
class
B__
Packing
Caterpillar Tractor Co common
Central Eureka Mining Co
Chrysler Corp
Colorado
Fuel
/
Preferred
Iron
High
Jan
Jan
135
Jan
28%
Apr
125
36-
Jan
12
6 '/a May
958
27 %
Aug
35
24%
24%
821
22%
Dec
1
176
26
Dec
29% Jun
32% Julv
47
942
35
Apr
50
a22% a23 %
110
17%
Jun
24%
a22%
*
—*
-Z
Oct
1
Oct
1 %
Jun
46%
46%
1
Co, Ltd—7
Co of Cal
a28% a283
a28 %
*
7 55%
——7
1.05
1.05
14
5534
59%
6,626
Co
Oil
Consolidated
25 3%
11%
12%
8,936
10% May
15%
Jan
18%
340
143/4
Jun
18
Oct
20
Apr
Aug
27
Dec
23%
Apr
Dec
May
28%
Apr
Oct
Jan
Wells Fargo
Co
Bank & U T
100
55
11%
113'3
300
9% Nov
6%
6%
175
41/4
41/4 May
191
6%
Jun
260
Indies Sugar
Pac
—
——
Commonwealth
Oct
12%
Nov
7%
A___
Dec
For footnotes
2.60
100
9
9
2,100
7
Sep
11
20
40
May
51
July
Apr
34
Dec
63
855
.1,040
2,490
58
605
1.20
24%
1,300
Dec
3'A Aug
50 Vt May
57c
Jan
1.65 Aug
1
Power
a25
177s
Oct
Anaconda
17'/2
125
17%
Dec
19%
Feb
Argonaut
50
25%
Sep
29% July
Oct
Armour
28 »/8
28'/a
120
25%
Nov
32%
Jan
46
;.
Dec
Aug
11%
Jan
20
37%
Jun
330
282% May
22%
73
32
Feb
Jan
Dec
34 %
Jan
July
39%
Jan
29 3/8
Oct
Std
340
34%
Apr
44
Oct
Atchison
Co
Dec
3
May
500
//-j.
263/4
27
55
a77«
137's
•
Ss
Refining
•
100
14
•
50
••
137/a
350
117/a May
17
Feb
a55
270
537/8 May
71
NOV
common—
3v3%*
170
60
a517«
a517/8.
150'%
a53%
150% 151%
2,595
a5334 a55%
■■■>■
26
7%
•
Z
Dec
De
a—
385
31% May
4%
2,529
Feb
Feb
;
50 7%
728 % May
a33 a33 %
a33%
'
Oct
41%
Feb
Dec
Jun
4%
13%
20
10
May
13%
Oct
a90% a91%
180
69
May
96%
Jan
63
23
4%
a
5
174%
Dec
289
Feb
Feb
167Z
155
150
5%
__
v
i
42
42
5
Co
(111)
i)
San—
Mining—
Copper
Mining
&
25
425
8%
a25a26yj
-
13%
a
2.80
Jan
41%
_5
5
5
166
Corp_>;—___ 1
14
14
100
—
Light...
Corp common
American Woolen Co com
I7V2
66
&
American Tel & Tel Co,.
a24»/2 a24i/a
2%
Sep
Jun
78%
a7'/2
20
American Viscoe
170 :
13
27%
P0
a30% a30%
a20%
8
290
'
Smelting
60
56%
296
22%
1
Radiator Sr.
14%
2,290
32%
32
296
22 %
Feb
32%
24%
42
Factors Ltd
Jan
50
58
62
8%
Mar
141/4
25
rion-o
8
50
31%
957
8
Air Reduction Co
40%
Edison
Air
63/8 Mar
21/4
73%
734
Jun
57 %
Chem Ind A
Vultee
520
15%
Unlisted Securities—
*
20
Consolidated Coppermines
Consolidated
•
2.60
7 <'4
18 3/4
1,491
2,047
Oct
Apr
2.50
,
Columbia Broadcast System
Consolidated
_*
7%
200
18
Aug
<■
common——*
Co
19
40
#
•
Railroad
24
19
1
—20
100
1
>
Victor Equipment Co
Waialua Agricultural
West
23
16%
18
*
.
Feb
18%
18 Vo May
10
Oil
32
203
72%
Corp common
Universal
623/4 Julv
18%
11%
—25
—12%
10
Calif
of
Rl% Mar
873
20
20 V4
Sugar common
Air Lines Corp
Dec
21 Vb
19%
Associated Oil
Water
West
53/4
253
1.15
common
Oct
32
Co—
U S Steel
5
57:,
*
.
&
Dec
30 %
Sperry Corp
Spring Valley
Dec
250
*
Corp common
Dec
5
Co
Pacific Co—
Standard Oil
i/2
-100
1
capital--——
Jan
132
10
.
125
Mills capital—__5
Co
20c
34
130
Alleghany Corp
Calamba
26% July
40% July
130
convertible
4.48%
Jan
Range for Year 194 7
4,030
20c
—
.
Oil
21% July
Dec
preferred————25
preferred-—
25
cum
Southern
Union
2
Oil
y
8c
Dec
Jan
*
D class "A"
Signal Oil & Ga.
10
Transamertca Corp
2
Transcontinental & Western Air—,—5
l
._„•
Feb
18%
47
Dec
Safeway
S
United
High
20
j
Bank of California N A-
Nov
18 3/4 May
1.120
23
—1
25
Jan
•
33 %
80
52
a33 % a33%
100
—
common—,
Republic Petroleum Co common.
Union
Shares
2.50
Bank
Feb
57%
Incorp
Nov
for Week
1
100
Imp Diesel Engine
105
74
'
Anglo
Feb
Oct
12%
57%
Preferred
18
Sales
Range
i50c
Alaska Packers Assn
Feb
101-%
*
*
Railway Equip & Realty Co Ltd com
Preferred
42% Mar
Dec
85
'
25%
25
—
100
t,
Phillips Petroleum Co
Puget Sound Pulp & Timber
Revonier
Dec
33 y#
)
common————*
Pac Tel & Tel common
Paraffine
33 Va
.
5?r,
103
14%
Oct
34 y* Dec
53%
14%
15%
Fob
519
103
Feb
Jan
Jan
2,009
14%
60c
13
Oct
Mar
9%
31%
*
Z
25C
10
42 %
35%
common,—.7
Service
Public
Dec
Dec
53%
53%
•
common.
Feb
40
May
Jun
30%
35%
25
Mar
5%
35 %
25
—25
common
35
Feb
88
IOV'2
600
4.513
35
14
78%
24
150
4
5%
preferred-v
preferred
div
$5
Pacific
5:t
%
5%
35%
%
Dec :
375
15
15
5
Aggregates
Feb
Jun
1.70 July
70 % May
;
100
/
Sep
-
13%
Nov
78
Feb
Jan
Nov
14 '
Dec
9%
210
78
B____
Lighting Corp
11
3%
17
Apr
1.55
10
11'
Nov
9% May
1.65
75%
Cons—
1st preferred
1st
a
1.65
100
Occidental Petroleum
Oliver Utd
all 3/8
all3s
—-100
-100
-
Oil
American
56%
Exchange
Week's
Bale Price
STOCKS—
•;
Feb
20
11%
34% Mar
Last
,
Anr
10% May
195
-5
____*
Soundview Pulp
32
San Francisco Stock
—•
38% July
10%
•
205
Super Mold Corp capital-—__—,—.—10
Mfg Corp
:
33% Mar-'
Oct
16
16
1
G'/r
Tide
Aireon
18%
all all3',
1
Southern Calif Edison
18%
1
common
Feb
65c
12 3 8
26%
common
Feb
34%
Stix-Baer & Fuller
Nov
11
60c
10
Jun
22%
141
32
common
common
Oct
13
Mav
13
Feb
Dec
Dec
59
26 3 4
Machine
Auto* Fibres
4.32%
A
,f7
Apr
Dec
227«
,
Investment
Electric
170
_5
100
Sterling Aluminum
Wagner
10
10
St Louis Public Service class
Sears
10
20
:
common
Missouri Portland Cement--:
Rice-Stix
—
25%
May
39%
19%
a
13
Dec
20
94 % July
55
948
1.60
Jan
Dec
17%
350
19%
Feb
35%
103% Mir
Dec
88
4
common
McQuay-Ncrris
__
fco
Jan
San
Knapp-Monarch
Feb
*23
*
— _
Richfield Oil Corp
25 3/8
28ft
Nov
_1
"A"
Co common
Rheem
220
65 %
Jan
May
•
"
lu<J
19
18%
7
.'
——
Sep
23%
30
lt»
20
—_10
Dec
36
23%»
30
44%
__
__
52%
—/*
Calculating
Park
New
Nov
£'%
31'a
29%
—
•
common
Low'';::"::;
5578
35
_
common
Shinkle
&
*
,
*
___;
flussmann-Llgonier common
*
Huttig S & D common
5
Hyde Park Brewing common-—
_4
Hydraulic P Brick preferred.
-100
International Shoe
__
14
8
;
a9b% a96%
u_2 pesos
common
North American Investment com
Range For Year 1917
■
Jan
6% July
Jan
oy# July
18%
•
-
Natomas Company
Pacific
31%
10
——
Griesedieck-Western Brewing
14
8
__
5
common—
common
High
92a/4
4%
34%
—15
Morrison Knudsen.
■
_3
common
Brewing
Electric
Low
v
55
Aircraft Corp
7;
Shares
Last
71% May
*
69
•
l.„
Magnavox Co
7
Sales
for Week
Feb
16%
l
Pacific Gas & Elec Co
Exchange
Week's
9%
250
27%
Oct
25'/a Aug
May
5
499
20
-
'
Sep
33% Mar
18
•
545
22%
Pacific American Fisheries common—_5
Friday
■\
a54% a56%
a5414
*
Libby McNeill & Libby-
Jan
Jan
247
.
835
Feb
5
41% July
Aug
3.967
*
Ltd—*
Co
■
May
'
17%
*
Leslie Salt Co—
Pacific
St. Louis Stock
Oct
Jan
3974
Corp
Motor Car
Class B
6
38
______—3
IXL Mining Co—'
Kaiser-Frazer Corp
:
13 % Dec
>;
100
Inc__
,Langendorf United Bk clas3
Jan
Dec
4
20
35%
...
_
Corp_J"
7%
12%
,
1,525
12.50
.
57<« Aug
300
14c
»
_
394
1 %
13c
—
13
13%
*■
Hutchinson Sugar Plantation
National
pfd_.-100
Brake—
July
31
Oil
Marchant
100
3%
G
.
Dec
25%
19
.
.
62%
Jun
24
19 7/8
4%
Jin
27%
Development
Hudson
12%. Oct
29
1
Westinghouse Electric
230
6 %
—1
Air
May-
110
_
Vanadium Alloys Steel.
10
24 VB
5
Mining
Westlnghouse
Oct
2378
10
-
Corp
Pittsburgh Steel Foundry 5'}■
Renner
13
8%
5
Pittsburgh Brewing common
Pittsburgh Plate Glass
Jan
362
25%
-
Feb
10
20%
10
l_u—
Holly
July
23%
*
—
Fireproofing
11%
7
20
■
8%
Refractories
Gas
Mountain
25%
.
32
—_
Corp
Pineapple
Honolulu
Feb
48%
4
May
13% May
100
x25%
10
—
_
Mackintosh-Hemphill
National
./•'
_
..
12
61
__
Follansbee
Dec
20
—
Stores
Bros
Hawaiian
High
27% *Dec
5
no
10%
10%
43/4
14%
12
i
Duquesne Brewing
Pitt
C
Electric
&
0
2
21:,4
Hancock Oil Co of Cal A
;io
287/«
14 %
//:■ 12 V:.
Oct
13% al3%
common-
preferred
Hale
Range For Year 1947
Low
4%
G
Co
130
-.10
preferred
preferred
2nd
Greyhound
High
287,8
4%
7
■
■
May
3%
._10
General
Feb
Jan
26%
Shares
—
107
-20
—.
Radio
Corp common
Apr
4%
for Week
G
common
r.
Co
L)
(D
Range
Low
28
Jan
17
—2
24%
k-::v:;
of Prices
*
108
8%
a37%
—1
com—
Sep
5
&
Service
Dec
Sales
Last
Par
Dec
37%
Machinery Corp
Nov
20
30
35%
Sale Price
■■'
98
common..
...
Plantation
*eo
Pittsburgh Stock Exchange
-':
200
*
Work":
Corp
Farnsworth
Jan
74%
Oil
Capwell Co
Gladding McEean & Co„
;•■
34»/4
*,<7
Uolden State Co Ltd common..
STOCKS—
Apr
a
Ilo
common
2%
1,286
21%
34%
Friday
94%
High
23 V%
25 a/a
:7-57777;^
Co
Co
3%
299
2 1/8
21 Va
1
Improvement
2,171
a37% a37%
—5
common
Dorado
Eureka
13
Dec
B
Chemical
Emporium
Nov
22% July
Nbv
May
7% May
Class
(
Galland
United
30%
;
112% 112%
G
Giorgio Fruit Corp A common
Dow
Jan
Dec
Jan
5274
•
Transit Investmt Corp 6%
United Corp common
29%
297%
■
Doernbecher Mfg
Jan
23
42
•
Feb
9%
21
608
1074
Corp
common
27
Di
Jan
51% Jan
Dec
4
6,672
2374
28%
28%
Dec
22Ya
387s May
18
Oil
Paper
50
22%
J
—
Dome
Scott
22%
205
47/e
Dec
15%
2,664
18%
46%
4%
*
450
93%
.—5
—
preferred
I
LOW
12%
11% May
»
preferred
High
12%
7y4 Feb
5% Jan
18
1,930
177a
'■;)!:
Philco Corp common
2,670
19%
45%
Boys
Philadelphia Electric Co
$1 preference common
6
18%
1734
10
.
-
Pennsylvania Salt Mfg
Pep
Z
Corp common—.
Low
—1
'
5%
6
•
Light
of Amer Inc common-
Creameries
>
5
11%
Dec
6%
Feb
Atlas
NOV
17%
Feb
Avco
—100
Corp
5
Manufacturing Corp common—3
Topeka & Santa
Fe
^
a213/8 a21%
4%
4 7/8
100
43/4
Oct
May
253/4 July
7%
Feb
Volume
Number 4667
167
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
i
(461)
4!
OTHER STOCK EXCHANGES
RANGE
7
"
Friday
/v.-"'-East
Week's
A
Baltimore
&
Bain.dall
Oil
Bendix
New
RR
Co
Aviation
Bethlehem
Blair
Ohio
capital
common
Co
&
Borden
Co
Bunker
capital——
!
__
Sullivan
Pacific
Chesapeake
Columbia
Co
Gas
Columbia
Continental
RR
May
Feb
N
Y
Gas
of
Co
Co
Motors
N
Y
•
14-%
14%
170
12
22
Feb
Aviation
May
1
9%
9%
910
7
10%
Feb
American
Co
May
North
Dec
32%
Feb
Pacific
23%
Dec
Ohio
Oil
Jan
42 Vb
Dec
Olaa
Sugar
18%
Oct
Onomea
14%
190
15%
Nov
11%
460
9 %
May
11
461
16% July
14% JF'eo
40%
54%
Jan
39%
16
16
130
22%
22 %
25
2%
2%
Apr
12%
22 Va
22%
502
a47%a47%
4
„
—
1
45
Mar
85
21% May
3%
May
2J,a
21
Nov
44%
Jun
29%
125
May
12%
Apr
50%
a23%
a23% a25%
130
23
Dec
36%
Feb
7
7% May
10
—
5
Co-
—5
I
.
1
5
Great Northern
Ry non-cum pfd
Hobbs Battery Co A
6%
10%
10% May
16
Jun
9 %
Jun
15
Feb
18
18%
273
16%
Dec
21%
Sep
22 Va
20%
22%
1,270
13
Jan
21
Nov
115
115
50
106
Jan
125
Oct
4%
4%
4%
1,300
9%
10
100
-
American
Co
♦
common
Airways
2.50
Inc
1,324
145
32% May
34% Dec
50
124
50% Aug
41% Dec
60%
Feb
5%
896
3% May
8%
Corp—
a40% a40%
20
36
May
44
•
Tel
Canada
70
19% May
1.50 July
36
Dec
36
r
,
36
:;;
450
.:
.
100
-4%-
„
5
&Tel
CO—
*
3
Apr
M
Standard
Dec
4%
Jan
V
%
,
•
%
J
Sunset
Co
Brands
preferred—
13%. 13%*
9% May
377
39
100
a45% a47Va
202
17
485
18%
17"%
17%
570
15%
36%
1
a7%
-41
44%
49%
25%
Feb
Dec
26%
Feb
7%
5
34 %
249
21c
1,300
15c
6%
6%
--10
.-6%
50%
51
464
A
10
—
Oct
33
50
Apr
10%
,0
M
38 %
July
May
23c
Range
pfd
Low
15
15%
3,526
19%
19%
2,627
100
95
9
535
100
*.
9
*
1%
48%
FOR
ENDING
47%
52
3,520
High
Davis
Dominion Coal 6%
22%
9%
Jan
59
Mar
227
Bridge
5%
Jun
12 Va
Dec
Feb
2,040
80
80
80
170
82
50c
Dec
2.00
24%
Dec
30%
63
Jun
75
40
530
25
25%
3,895
63
63
25
1,255
19
Note
21
166
168
10
•
Co
Dec
98
British Columbia Eles 4;» pfd
...—
10
•
11
23%
banada
Canada
Ifon
10
Dec
13
Feb
Donohue
Dec
23% May
Oct
27
24 Va
0i 265
'.5,472
96%} 96%
: 5%
.
Canners
__
18"
17%
27
.10
...
Corp
-if-'
16%
,24%
Dec
Dec
237/a
24%
5
101 %
Jun
4,550
3%
Apr
4%
Nov
29 %
103
30
25%
295
5
2$
■
2 Va
45
20
350
28
"
30
Jun
3 %
17%
18
100
16
Jan
20%
Sep
17%
18%
1,005
17
May
23%
27
27%
905
27%
25
25
100
25
.
15
200
15,
155
100
5
Dec
-Jan
12% July
8% July
100
Oct
31% Jun
26%
19
13%
101
&
13
Aug
17%
40%
Nov
50
Mar
22%
SeD
27
Feb
150
37
Dec
45
Mar
104
Dec
110
May
Dec
25
Jan
May
14%
Feb
Sep
19%
Jan
36%
37
100
100
5
20 %
__
20%
100
20 %
ll3,4
12
56
__i—25
150
36
Dec
42 %
175
23
Nov
25
14
July
12
May
25
12
A 12
12
81
25
'25
25
25
40
20
Investment
Alcohol
class
A
B
15
*
30
•
21 %
15
50
12 %
12%
12
•
-
Companies
Plow
common..
footnotes
see
_
25
•
:
page
46.
30
26%
27'/a
;
•
270
12'A
26%
•
Canadian Oil
40c
loo
2%
3%
^
3%
40c
•
2%
•s'4Va
Dec
100
3
May
Apr
13
14%,' 14 M>
;
14
1,215
29%
Dec
30
Apr
11% May
345
.
11%
Apr
130
22%
Apr
150
13%
14'A
3,434
11
11%
35
14
12
Dec
Jun
Jan:
18 W
60c
40c
1,202
25o
July
6Va
3% May
Dec vr
1,546
19%
70
17%
Jan
25
30 Va
122
-
a44% a46%
•
67%
Week's
Range
Sep
Jan
Sales
Range for Year 1917
Shares
78% May
98'A
37%
Dec
43
Feb
50
37
Oct
48
Feb
10%
25
10
Oct
13% Mar
95%
97
38
38
170
36
36
10%
3,267
18
18
19
2,260
30 Va
30
30 'a
895
17
17
50
__
High
Low
High
*
*
21%. Deo
14 Vo May'
30%
37
Feb
19%
Sep
Mar
14
Dec
Dec
9%
—
class B
345
8Va Aug
11
Feb
26
175
27
Dec
32
Jan
25
100
27.
Dec
33
Jan
1.50
290
34 Va
Dec
42
35
Nov
38% May
25
—
1.25
—
9%
26
*
1.10
34 Va
—
3 4'/a
32 %
32'A
130
15
—
16 %
4.171
15%
25
55
Jan
12% May
21% May
19 Vo
Nov
27%
Nov
30% May
26
26 Vi
355
26%
26%
475
25%
—
26'A
common..1•
26 >A
26'A
600
25%
Nov
30
20%
130
21
Dec
26
11%
12
3,875
11%
Dec
13
Nov
) 9 %'
19%
20
205
20
Dec
21
May
25%
25%
27
1,475
17
Jan
lo%.
18%
18%
140
18%
Oct
16%
♦
;
pfd
Nov
20%
1—
:
...
.
11%
*
common...
20
16%
150
15% Dec
—1
Co
Products
Corp
13%
•
Canada
•
•
Canada
of
(Canada)
Power
Ltd
16'A
150
14
16'A
17%
83
83
A„_—100
May
Feb
33 5,a
.
Nov
21
Jan
7
Jun
18% Nov
13
Dec
16% Aug
19%
Feb
23
890
July
26
Jan
Feb
Jan
Dec-
15
210
17
Apr
20% July
60
108
Dec
110
10
110
Jan
111% May
111 % May
3%
3%
3%
500
•
15%
15%
16
610
14%
Sep
18 lA
.30
104 %
Nov
108%
Feb
35
52 Va
Oct
55%
Jan
May
16 Va
Jan
104 Vi 104%
.100,
5
preferred
Goodyear Tire 4%
inc
Bridge
104%
50
50%
50%
50%„:
•
preferred
Lime & Alabastine
Smith
94
20
106106%
19%
106
.*
Bakeries Ltd—
14%
14%
15%
*
■a;A:T:;
27%
Paper common.
.
1
7;
28
$2 preferred
3% May
810
504
c
13
.
*
6'A May.
.24
July
5%
9%
32
Jun
Jan
Feb
Oct
46
10
47 %
Dec
•
43%"
46
3,150
40%
Apr
46
*
15%
16 Va
12%
Jan
15 %
Imperial Tobacco of Canada common_5
12
13'A
7,690
1,315
13%
Jan
15%
Apr
25
25%
335
25 %
Dec
25%
Nov
345
Bay Mining & Smelting
Imperial Oil Ltd
AVo
preferred
Industrial
.25
Accep
Intercolonial
Corp
Coal
Bronze
International
Nickel
7'fo
class
of
32
Canada
International
Paper
International
Petroleum
International
Power
Dec
22
100
20
Jun
30
Oct
13
250
11%
Dec
26
Jan
32
Sep '
37%
Feb
63%
Nov
16%
Feb
57
Oct
32
Utilities
•
32%
33%
2,305
150
150
53
15
Co
Ltd
51%
41
Corp
55
6,020
♦
13%
15
2.630
•
common
Oct
30V2
22
100
preferred
40%
Feb
Dee
July
12%
*
100
common
53%
•
A
common.
International
May
46
50
Hudson
Jan
17%
45
110
:
100
Jun
17%
94
19%
—,
Mar
37
__:.
preferred—
com
14
40
£.
Dec
'Feb
for Week
of Prices
Low
96
*
17
32 %
■•Hr,
Feb
5%
a
%
General Steel Wares common
Feb
46
46'A
211
39
Sep
5
11%
12%
252
10
May
12%
May
Sep
13% Feb
Nov
Oct
Jamaica Public Ser Ltd
Oct
Labatt
Jan
.18%
Jan
11% M ay
15%
Feb
11%
14%- Feb
Oct '
;
Jan
4%
1.240
12
52 y*
a44%
*
Chemical
International
preferred
Canadian Pacific Railway
For
21%
_*
Class B
Cockshutt
21'A
General
-
$1.75 series—.....A—
Ind
2%
11%
May
Steel..
preferred
5j/2% preferred
Hamilton
53
16%
Locomotive
24% Oct
-44
Aug
5.806
12
Class
May
13
class B
.
Nov
23%
1,236
5%
Gypsum
13%
325
Canadian
17
H Vi
23 %
Players
Jan
40%
820
pfd
Jan
40
■
;
Howard
325
Foreign
307
May
Ltd
&
& Heating
Gair Co
Jan
12
Canadian
Enamel
Feb
62
Canadian
26
■
5
Corp
Foundation
Feb
32%
15%
6%
25
Jan
22%
0
series
Feb
Jun
•
A
Electrolux
Aug.
12%
36%
i
-..100
Converters
Jan
64% July
7
Smelting
Eddy Paper Co Class 'A'
Dec
29
*
Canadian
Feb
36%
Sep
130
common...
Textile
Gatifieau
Aug
May
20
Canadian Cottons
25
Jun
53%
Oct
22%
1
.i."
common
25
common
$1
Dec
32
424
—•
Dryden Paper
Jan
40
•
Ltd
23
.
100
13
common
15
140
55 Va
8%
;
Bros Ltd
Famous
'■
10 V2 .10 Va
pfd—'.100
common
Class A
,Canadian Celanese
:
-
...
Canadian Car 6c Foundry common
■
25
\
preferred
Canadian
*
'3 W
2VB
50
Bronze
3%
25
—^.—5
Breweries
Canadian
3%
lA
.5% preferred
Canadian
215
36'A
54'A
*
100
24
_•
Canada Safeway Ltd 4 % %
Canada. Steamship
15%
36 \\
•
*
Steel & Coal
Dominion
19
*
common
Power
-
Sale Price
preferred
Feb
Feb
22
_.__100
Foundries
,24% Feb;
'
common
Northern
16% May;
8%
C
T
Red
191
65
a_.
Canada Forgings class A—'
415
Jan
common
Stores
Oct
11,002
*
i.
preferred
20%
■
20
Tar
May
19
19%
Glass
Dominion
19
23 %
2Va
Building Products
Bulolo Gold Dredginga—„
-19
23%
....—i;
165
19
...
—
78% Aug
453
preferred
917
8 V
Bruck Silk Mills
63-% Mar
Feb
22
.-100
British Columbia Forest Products..
British Col Power Corp Class A
294
35
Dominion
Jan
18%
25
a74
15%
•
preferred^>r-.-._.25
Foundries
Dominion
July
22
*
preferred
j
t
?
Feb
28%
preferred
I'/v
Feb
18Va
*
common
Oil
19
167
Mar
27 %
..10
i
Dairies
Dominion
9%
7%
63
35
*
Dominion
Nov
6% May
12%
7
25%
H
Nov
Oct
10
12
Dec
39% Mar
1
Seagrams
160
192
7Va
*
Power
Bank
J
Dec
-
12%
common
&
Ltd
Co
Dominion
V
Light &
■
Dec
34 Va
May'
■
14
27
a70%
-*,J
-
.
*
Distillers
Dominion
0
a70%
1
common
Mining
Feb
Feb
Bralorne Mines Limited—
51
Dec
17%
Deo
25%
75
a26% a27JA
*
Glass
Feb
27%
•
33%
18
Mar
1,687
—310
;
.
23
Feb
Dec
100
33:%
5
common
21%
Dec
Feb
33%
(
29%
5%
22
24%
class A
14
531
16%
29
a!9%
106
297
40
Pap
16%
.16
5%
Nov
625
•
Telephone
16
'
16
;
al9%
17% May
219
Teleg preferred
Nov
Telegraph A—____*
(F W)
Leather
24%
100
...
19
Crown Cork & Seal Co
210
*
14% May
1
JANUARY
24 %
•
140
30%
40% Aug
LISTED MARKETS
WEEK
211
;
17%
25
Woolworth
24%
Corp
17%
10
Willys-Overland Motors
25
pfd
Nov
Corp
Union
•
Can
May
40
...^.25
Westinghouse Electric Corp com
Range for Year 1917
8%
Feb
23
Preferred
Consumers
14% May
15%
350
226
1
capital
Petroleum
Consolidated
100
Dec
24%
25
Feb
64
Low
15Va
Dec
10% Feb
40%
Last
High
8'A
29%
24'A
•
Dec
8%
Jun
Apr
8%
Dec
40%
STOCKS—
Shares
Warrants
v,
Mar
25
common
Aircraft
Western
for Week
19 Va
Asbestos Corp
$1.30
Nov
58
Dec
♦
Feb
Sales
♦
common
Canada Cement
10%
52%
•
A
Rights
.
15
50
Par
Week's
100
Ltd
B
8%
Friday
of Prices
*
Amalgamated Electric
Class
48%
8%
37% May
6% May
10
♦
Exchange
20
pfd—
Shoe
conv
22%
392
1
^
Company
Westates
Oct
Sep
a7%
Paper com
Argus Corp Ltd common
3-%%
185
41%
a51% a51%
-United Gorp Krf Delaware^..«...w—1
Utah-Idaho Sugar Go common..
5
Warner Bros Pictures.———.l..—
.^.5 ;
Feb
Dec
21c
Sale Pries
$1.50 preferred
Trac
21%
41%
17%;Feb
Sep
43%. Jun
34%
•
Acadia-Atlantic Sugar 5%
American
33% July
Inc
McKee Co
United
Par
British American
Feb
Dec
21%
21%
Studebaker Corp oommonM..dk.^—...1
*•
Jan
Last
British
26%
>
"B"
Standard Oil Co of N J
36%
37
STOCKS—
Brazilian
Dec
common..
class
Southern Cal Gas Co 6%
Dec
Friday
&
15 y8
•
Canadian Fands
Pow
992
316
26%
Montreal Stock
Bell
18
8%
73
RANGE
Bathurst
Jan
17%
Sinclair Oil enrp
> ■'
Socony-Vacuum Oil
1
.15
Sa Cal Ed Ltd common...^—.^.....25 % :
.
Dec
6%
•9%
CANADIAN
&
4'A
7% May
Texas
a7%
Montgomery Wara & Co
Tel
Dec
2
21% May
Feb
18
Inc
Monolith Port Cem 8%
Associated
130
180
3%
-—.1
——
Cons
preferred
2%
'160
Dec
1
Robbins
&
4 % Vo
2%
8%
2,05
a45V«,
5
&
of
Jan
27%
1,000
13%
•
Co
McKesson
Co
Feb
30"%
8%
a26% a27%
a26%
•
Co
M
Steel
15
Dec
27%
2.25
2.15
'■
Matson Navigation
Aluminium
Dec
19"%
Feb
39% Aug
55% Sep
Feb
120
8
8
*4%
•
' 2.15
Boew'a Inc
Aluminum
8%
245
•
Republic Steel Corp
July
-4%
1
Co
Johns-Manville Corp—
Kennecott Copper Corp
Algoma
265
20
19%
•
Cement
Feb
9%
—
Reynolds Tobacco
Oct
4%
39%
7%
20
1
Corp of America
Riverside
a38
-V-'"-.6%' " •"7'"
-.20
Nickel
Agnew-Surpass
Sep
Sep
1
common
33Vic
—.
4%
6%
50
Pictures
Radio-Keith-Orpheum
Jan
35%
_>
•
Mines
&
Dec
4
30
Swift "8c .Co capital
Power
32%
Apr
238
Pure Oil Co common
Feb
a42%a43%
-Holly ■ GIF-'Co-I—.
Abitibi
24
633
.
common——10
Corp
Motor
Pullman
47% July
-
__
,•
Honokaa Sugat Co
4% July
43% Sep
420
225
-
—
.
•
—i.—
100
34%
4%
Sugar
Feb
Jan
4%
Phelps Dodge Corp.—
25
Pioneer Mill Co.——„_20
Dec
a37%
Graham-Paige Motors
M
22%
21 %
10%
Feb
28%
a53% a53V4i
__
•
common-
6%
21% May
42
10 %
___•
4Va May
1,338
5
41%
-
Share
355
29
28%
a42%
&
30
May
Radio
•
McEryde
30
14
15% May
4%
——
156
5%
5
__
28%
•
International
30
43
17
10%
Pepsi Cola Co
Feb
12
Corp.:
Goodrich- (B F| Co common—,—
Goodyear Tire <fe Rubber common—
Mary
17
♦
Pennsylvania RR Co
Dec
_1
General Food
International
18% al8%
16%
Oct
20
Park Utah Consolidated Mines.
Feb
38%
»
:
General Electric Co
Idaho
a
65 ■'
Feb
—„_2o
Port Cement common
Paramount
Sept
100
8
1
common
Co
Preferred
Feb
49
7%
8
15% al6%
Jan
a51
„
Co
Sugar Co
Packard
Dec
7%
.
a
20
....
Pacific
26% Aug
a47%
•
al5%
100
—
Finance
Jan
a47%
—
Railway
Ltd
Co
Pacific
Oct
900
2%
10
common
Oct
10%
250
Dec
26
16
11
RR
Sugar
May
„
•
Eastman Kodak Co
Class B—
capital
14% Aug
5
Dumbarton Bridge
&
23%
40%
__
•
Del
19 Va
100
43
43%
a33% a35 %
__
_15
Corp
Co
May
177/8 May
204
14 Va
a33%
•
capital
14
483
225
107/s
*
Southern
320
19%
26%
16
High
16%
19%
,
5% Feb
Apr
LuW
16%
Northern
3%
Range For \rear 1947
High
American
North
Nov
Low
•
Central
Pan
Domlnguez Oil Co
J
Oct
38%
101
Shares
—5
Distillers
al7% al7%
14%
*
Curliss-Wright Corp
,
32
Apr
for Week
Prod
National
a40% a41%
10
Crucible Steel Co of Amer
Curtis Publishing Co common
.
Mar
84%
8,177
*
Edison
Bond
4
—
25
Electric
<te
Continental Oil
Electric
3%
26%
25
Riveit; Packers
Natural
10
__
1%
—
commoi
&
Commonwealtn
Cons
22
28
3%
2Ms
Commercial Solvents
Consolidated
Feb
Nash-Kelvinator COrp
300
15
:
Railway
Ohio
&
Cities Service
16%
35
33
„5
_
Dry Ginger Ale
Canadian
Feb
111
33
Sales
Range
of Price*
Par
24%
7% May
665
al00% al00%
iveea'g
Bale Price
J.
High
Dec
a33a33%
a28Va
1
...
corn
Cap&
14
211
•
STOCKS—
Oahu
Inc
Hill
Canada
Low
11%
*
Airplane
Friday
Last
f.28]/a a28%
*
23
Range for Year 1947
High
14%
11
a33
5
Steel
bharfeg
14%
11 %
5
Corp
common-
Boeing
'
100
common
JANUARY
for Week
Low
>13
ENDING
Sales
Range
of Prices
Par
Locomotive
WEEK
■,
'
8TOCK8—Sal# Price
Baldwin
FOR
Lake
7 Vo
Limited
of
the
preferred
Laura Secord
common
_—
—
Lewis Bros Ltd
common
(John)
Woods
...
jun
14%
Oct
♦
325
•
220
♦
79
32
Nov
36
Jan
*
26 Vat Mar
5
—100
——3
11%
23% May
16%
•
15
16%
15
165
Dec
175
Mar
200
17
Dec
21
Jan
135
14%
Sep
16 %
Feb
X
42
(462)
COMMERCIAL
THE
&
LISTED
CANADIAN
RANGE
Friday
Week's
Range
of Prices
Par
MacMillan Export class A
9%
7%
7%
•
177/a
177/a
Oil
new
10%
10%
com
Breweries
Montreal
Ltd—
Locomotive
Montreal
Tramways
Murphy Paint Co
Nov
Fleet Mfg &
Ford Motor Co
Foreign Pow Sec 6Vo
Oct
7%
Nov
14% May
11% Dec
21%
Feb
6%
t
1,354
Par
Dec
10
12 %
2,950
13
65c
33,038
17%
510
13'A
JUn
20*
Fraser
Nov
30c
Feb
40c
—_*
.....
9%
16%
*
(Robert)
10
A
340
34%
Jan
40% July
15%
15%
15%
585
14%
Sep
22%
Fee
Hendershot
Paper
100
32%
32%
34%
75
31
Jan
40
Jan
Horner
(Frank W)
*
23
23
23
25
21
May
24
Jan
;
Hotel
LaSalle
1%
*
common
preferred
National
Niagara
Wire
20%
43%
905
pid
43
43
11%
465
22
945
Corp
Weaving
25%
25%
46
26%
Apr
44
Nov
48
May
50
Hydro-Electric
InV!
Paints (Can) Ltd
26'A
Feb
Int'l
Paints
55
23
July
26%
Nov
Investment Foundation
48%
1,605
42
Aug
53
Jan
6%
26%
♦
Noranda Mines Ltd
27
715
Oct
29
Jan
Lambert
17
25
21%
Nov
Dec
Feb
13%
Flour
Mills
*
common
Ottawa
Electric
Ottawa
L
H
Penmans
27%
rvwja—
<fe
Page-Hersey
•
Power
*
common
Tubes
Ltd
River
Power
.1
Bros
Co
4%
&
Ltd
preferred
;
Transport—.
Quebec Power
4%
Corp Ltd
class
A
2nd
50c
New
2nd
6%
125
12%
17%
270
18
&
Oct
preferred
Canada
103
Feb
17
■
Jan
Jan
20%
of
Canada
17
Tooke Brothers
106
Feb
19%
Oct
41
41
25
30 % May
50%
Oct
11
200
31%
120
31
Dec
35*
July
Rands Service
Steel
Jan
140
Oct
Reitman's Ltd
5%
Russell
Paul
Power
Walker Gooderham
21%
5,132
21%
Dec
25%
Jan
47
2,345
47%
Dec
50%
Sep
Sangamo
25%
25 %
25
25
Jun
30% Mar
Southern
150
150
2
14%
comu»oa—.
14%
525
275
12% Mar*
15% NOV
United
26%
Sep
27
United
Securities
18%
50
16%
Oct
20%
17%
17%
50
7
7%
1,500
7
Dec
97
97
25
97
Nov
common
12%
16
Apr
Mar
70
70
74
92
75
76
76
78
111
78
7
■
73/4
369
6%
525
6%
g%
Nov
Aug
Sep
Windsor
Feb
9
6%
Dec
10
21
July
Apr
81
Feb
28%
Oct
72
26
26%
560
21% May
35 %
May
Arno
Jan
26%
96
,
5*/2
8
13Vo
A.>22%
,....21%
22%
^1,910
70%
j
70%
v
71
10
Dec
,
19%
Feb
104
.
Jan
7%
;
-
Feb
Jan
24% Oct
76
Nov
10% Oct
14%
Aug
lo% May
A65% May
9V*M»,y
150
Jun
14%
21 p. Jun
31% Feb
Sep
12
255
19%
46
Jan
5*/8
.
60
10
19%
—
__
■
May.V
94
40
12
20
26'A
285
26%
Sep
31,
20
25
19%
Dec)
23
2nd
23 * 24-a
1,980
13
Jan
23%
Band-Ore
Beatrice
96
25
35%
96%
35%
100
28
28
25
__
96% Nov
34% Dec
27%
Jan
'-55%
6%
,
Oct
"
.
Aug
21
Canada, Ltd
10
25
...
—
8c
'10
17
.
29
123
Jan
A 43c
'
16
July
7'A
10
37
25
Jan
15
Feb
30 V2 Nov
;i,
Jan
56 piy 23.
10
•: 18% Aug
May
14
79
f 29
July
ll*/2 Mar
Jan
May
Jan
Dec
24c
25
10
;•
10
.
.
18
8*/2"
■
Nov
15
114*A
6
7,895
17.:,.;
Jari
Aug.7;
30
.18'%
12*/2 May
75
115
8lr2
—
.
May
"
14*/a
Nov
Jan
;
•
101
r
l
Gold
Mines
Ltd
'8%c;
12c
Gold
Mines
Bouzaa
QQld Mines Ltd
«
4
4*/2c
'
Jun
T
.
-5c
2,000
'
•
5c
11c
"r.
Apr
■
•
July
11c
Jan
Oct *'■
Sep
Mar ' "
Obt -.
Sep
Jan
13c
Dec
5c
\
'• ,200 •'
v
Sep
1JA4c
17 'Ac
- 89c
1.16
70C
-
fic ^iSep
-
5c
5c
5o
\26c
Aug
<186 " Dec
;75c- July
3,000
!
-;
Aug
ac
^O.OOO
5c
i!31%C Feb
7c' Feb
w 11 %b Nov '
-
500
-v ;
17c
5c
—
.
l
,a,
Feb
.
.
.
-Ilk:
'
Gold Mines—
Candego
Feb
Feb
■
12C
"
„•
1
45,700
54%c 54%c
'
13C
3c
1,000
'
"
Dec
d4c
•
13,400"
6c
19c
.15c
ILL
^
•
ll
Gold- Mines;Ltd.:
May
38"
29
Ltd——^-1
Ltd
4,500^'w
V 1,000
12c
'.!*
6c
__
16fc
Ltd—__—_lvh
Gold'Mines
Bevcourt
Bonville
Feb
v
•
V ile
4,000
*
12c
8c"
8c
1
9c
.•
3%C-.''3%C
—
l
Ltd
Yellowknlfe. Mines
Gold
47c-,
■
Cartier-Malartic Gold Mines Ltd
Mines
Mining
50
19% Sep
22
Feb
Cheskirk
Mines
1,275
21% Sep
23%
Nov
Colomac Yellowknife Mines Ltd~_:
25%
_JL
Ltd—.
Ltd
26%
1,410
28%
Nov
Consol
36
385
34
July
39
Jan
Onrtftg-r.ta
24%
25%
3,300
22
Apr
25
Jan
—
7c
Mines»-Ltd
18%e
1
1
..
.
—-
3,000
10c
22c
Dec
* -16,550
Sep
Jan
Jan
16'Ac Apr
60c
Feb
25c
Jan
> 39C
Jan
le' Dec
*'
;
Sep
44c
<
14%c Oct
-
9,000.
Nov
.
32c
8c rAug
15,700•
8c
28c
Oct
7c
1,000
7c
54c
"
Apr
3,000 v.:
20c
;
20C
'
15c
7c
fie,-
,38c "Dec
4c July
-
-r2;i>uu
5%c
18%c
7e
.
10c
6c ,:5c
Opnrnor Sdinitig Co JLtrt
Central, Cadillac
4c
l^c
10c
„
Ll-
16,700
' :
500
50c
-.
4c
4c
-
1
Corp
4«n
.
12c
1
Ltd.——1
23
25%
"
Oct
10'A
18
1
21%
Apr
May
18
'40c
__
__
•
35%
26
—
19'
■' ',175
39c
•
*
21%
„
300
■
■
115
100
Ltd_^u_^
14 V2 May
-125
10
Jan
60
14
__
Jan
Nov
;
25
40c
Dec
Jan
21*%
Jan
:-6
100
15%
22
Dec
liy2
17%
13%; :
'
"May
55
5%
__
*
pfd
22
•
95
17%
„
11
14% Aug
lO'/a
v'
300
11 y2
21'%
'
—
Ltd
22%
__
22%
21%
"
58
10%,
—
red pfd—100
Red Lake Gold Mines
Beaulieu
Dec
!L_
55%
—10
corn.
Ltd^—-rA_—_J
Mines
Mar
%_ •
pfd—50
__
• >
Bob's Lake Gold Mines
20
M
25
,
Jun
26V-
__
_io
Royal
96
13*/«
Feb
14% July
18%; Oct
26% Dec
"
655
Jan
12%
..
40
-
16
?.■
11
13Va
10
Oct-
Jun
,,
_
30
250
Ashley Gold &: Oil-v-A——
i
20
10
27'%
5'% '
j
505
Century
Scotia
27%
,
9
•,
Jan
'11
780
.
-
Oct
53
" 215
13'%
Jan
13
28%
Jan
Mar
9 %
•.
19*%
Oct
Feb
13%
50
850
liy2
Alger Gold Mines LtdLi^
Banks—y
Montreal
5'A July
' 4'A
Jan
Oct
425
•
16'A
Hotel" Ltd
Centremarque
Nova
Jan
20
51% Mar
50
41
13
7V2
Mining Stocks— AV:.-«vr.
Feb
Jan
35'/a
10
Jun
Feb
Dec
100
10
40'
19%
*
9%
7
221
Canadienne
"
10'A
Limited.
18%
104
89
21
Commerce
52J/2
13
20
Co
Westeel.^ Products
82
76%
25
8
52'%
5%<<
of
Oct
Oct
21
.»
—
—
16%
Oct
„
75%
100
_
preferred
Part
Pr
Distillers
10
7
•
25
50
9
Thrift Stores Ltd
15
14%
26%
♦
.
70
35
3
16
Ltd
Invest
14%
__
*
.
Oct
11
'
Jan
10'%
liy2
Ltd—,
Co,
26%
_
__
*
•
Feu
15
Oct
2'<%
/ v2
16
pfd
Canada
18'%
,
•'
4%
2
•
Ltd—
NC
Industries
Southmont
•
Worts
Wilsils Ltd—
Limited
540
*
.
Western Grocers Ltd preferred
Weston (George) common...;
Winnipeg Electric
5% preferred.—
6%
Corp
46%
__
•
;
;;
19%
••
Nov
3
350
9
Stores
Purity Flour Mills Co Ltd
325
-
21%
46%
.•
common
Dec
18
75
3%
10
•.
Enterprises Ltd
Service
127
♦
Cotton
10
15%
Orange Crusn
-
40%
121
__
25
Corp
Biscuit
15
:10
Stores
116
40
•
,
15
42
1
Jan
Dec
9 % May
•
—
Dec
40
•
Sep
102%
100
common
preferred
8%
—
Nuclear
12%
40
•
—
30
15%
*
370
*
common
preferred.
9
■'
Mount Royal Rice Mills Ltd__-i
Nova Scotia Light & Power com
225
•
Power
Standard Chemical
Aug
,,-12%
•*'
preferred
Minnesota
Ontario Paper coii—
Moor® Corporation Ltd
13
100;
___
10%
10
Ltd
6%
Nov
15
122
•
150
„
70
11
50
com__
——
Southam Press Co_
Co
101
.
...»
Wabasso
Dec
Aug
Nov
15%
Milling
101
•
com
14
„
Teleg and Tel Co Ltd com_l0
Quebeo Pulp & Paper 1%
Power
Dec
1.1:,"A
Power & Paper Co
Leaf
12%
1
VTC
Steel Co
Dec
44
MacLaren
13%
13
100
15%
12%
•
.v
31
Sicks Breweries common
Southern
98%
Jun
30
9
__
Publishing Co of Ottawa Ltd_*
(Alfred) Inc—
1
—
^
common
;
50
Lowney Co Ltd (Walter M)
13%
*
Simpsons Ltd class A
6 Vo
13%.
17
1
preferred
Zellers
J3
preferred
Water
Series A 4%
Viau
155
50
Sherwin Williams of Canada
United
94
17
preferred
.''
Paper Mills—
Shawimgan
7%
94
100
*
preferred
5%
50% May
preferred.
preferred
T/o
10% May
2,627
*
com
St Lawrence Flour Mills
St Lawrence
710
63
•
Rolland Paper common
Saguenay Power 4%% preferred
Lawrence
Jan
13%
100
;
Provincial
St
34
40%
59
Nov
47'A
15%'
Massey-Harris Co Ltd 6%% conv pfd-20?.A 27%
McColl-Frontenac Oil 4% pfd
100
96
Melchers
Distilleries
Ltd
common.;.*
39
Nov
19V2
85
8
Feb
12%
58 Va
745
10%
19%
59
May
13% May
44
3,352
18
„
Maple
12%
Jan
50
„
Maritime
Jan
1,200
1,595
Nov
12%
15%
27%
Jan
•
__
♦
20
com
Jan
*
common
A
Ltd
May
16
ig3/4
'
cl
pid
cum
18
Nov
25
Oct
43'A
5*5
Feb
4%
Jan
41
3
71
62%
75
High
"■
May
'
17
„
33
15
115
6
—
Corporation.*
Feb
755
65
35
__
•
27% July
17
32 %
(:
19
•;
__
•
Co
65
6
—
Dec
Oct
20
lj%
27
18
2,835
16
65
May
27
32 %
*
__
Corp of Canada
Price
17
*
common...
Placer Development—
Powell
25%
26%
16
5%
convertible
Journal
Ogilvie
Ontario Steel Products
431
May
Securities
Sep
11
21%
46 %
„
*
17
•
21
6
__
*
common
2
41
*
Inc
Felt Co Ltd
21%
5
Car
42
50
11
20%
46
Chemical
&
Steel
43
25
Drug
National
43%
class A
Low
14,725
__
*
Range for Year 1947
High
3
-
48
10,
Products
Shares
2%
—
*
com
Co
Insurance
de
21
*
36 %
Ltd
*
1
Ltd
36
Halifax
2%
red pfd__100
Companies
•
—
Aj
preferred —i.
36
Works
class
cum
*
—
Breweries
of Canada
for Week
Low
*
Great Lakes Paper Co
Hubbard
National
Aircraft
Salea
Range
of Prices
Sale Prios
■
.
High
Low
1814
Week's
Last
BTOCKB—
Range for Year 1947
7%
Rights
Mitchell
23
Friday
Share*
High
97/a
*
Massey-Harris
McColl-Frontenac
MARKETS
JANUARY
for Week
„*
Class B
Molson
Low
ENDING
Monday, January 26, 1948
Sales
East
Sale Price
r
STOCKS—
WEEK
FOR
FINANCIAL CHRONICLE
May *
-
BONDS—
Mines
Dome
Montreal Lt
Heat
&
Power
3s
1949
50
__
50
$17,000
50
Jan
50 Ye
Feb
Sullivan
East
Eldona
El
Gold
stocks—
*
Atlas
•
Steels
Bathurst
Brand
Limited
&
Pwr
& Millen
Paper Co
Ltd
CI
Ltd A
Columbia
Brown
Pulp & Paper
Company
Industries
7%
Invest
5%
3.00
Joliet-Quebec
Kerr
7
Nov
113
Nov
9%
Jan
16%
Dec
50
50
50
90
49
Nov
63
Jan
14%
14%
603
14
Sep
16%
23%
24
575
21
Jan
25
Feb
169
169
515
175
Dec
190
Aug
63
64%
105
61
Dec
69
Feb
10
50
8
Nov
12
yT Jan
1.65
1.65
100
1.75 May
com—♦
2
2
250
1.75 May
3.50 Feb
*
12
12
50
10%
14
Feb
26
36%
Apr
23%
100
•
10
*
,
2% May
67
.->■
May
Sep
2%
Sep
27
2'M
26
Jan
135
135 138 %
40
135
Mar
155
3%
2% Aug
4
41
"•i";40
3%
6,3isvj
41
90
14
14
100
*
36%
36%
100
15
2,508
15
In
15
12%
13
20c
12%
20c
•
•
common
39
12
'
47
Nechi
New
Cons
Consolidated Bakeries of Canada Ltd-*
cl
A
Preferred
Ltd
Ltd
5%
15
;
preferred
Cub Aircraft
Jun
15%
9
Nov
1
30c
Apr
49
53
3
4%
790
3%
Apr
7
260
6%
Feb
;
15
15%
16
16
20
17
21%
16%
18
11
11
20
—;
175
40c
*
17%
17%
*
com
Corp Ltd
May
Limitee A
Santiago
9
75c
65
-
Standard
Dec
5% July.
7% Oct
—
Gold
Mines
Ltd
Dec
19%
Apr
Upper
Jan
65c
Feb
Vinray
Jun
17
Feb
Westville
Jan
21%
May
Feb
Jan
-
13
.::
..
Nov
.
90c > Jan
16% Nov
;
v
3.55 May
52c
Dec
7c
Dec
1.60 July
r
.
1.40
1.70
1.15
1.18
1.17
;
>
7.40 Aug
3,400
1.30 Dec
24,000
1.70 Dec
1,000
1.76 Aug
:
24,700
1.05
1.05
1.75
5,500
1.87
1.95
1.01
1,000
1.68
,
__
6c
80c
Oct
1.20 Feb
;
Oct
Feb
1.14
2.05 Jan
1.35 May
.
2.800
. , 1.82May
2.90
1,000...
7c~ May- v2tc
1,0008c May
27c
73,300 .
50c Nov •
1.80
1,000
V, 7c
Oct -,.
25c
•
.100
14% May
;
20*A
v.,6,500.
6%oMay '••.vf; 25c
6c
.
15c
,15c
37c
./
—
55c
9c
9c
' 13%
13%
10c ,12c
39c '
T.28 Feb
22c
Feb
2.15 Apr
3.55 Feb
4.80 Jan
2.30 Nor
.
.
Nov
Feb
JanNov v
Mar> .
Jan
Mar.-
NOV
12
Nov
——'
8%
Jan
30
17
July
18%
Feb
570
65c
Oct
2%
Apr
85c
32
45
7
7
110
4
Mar
36 %
Apr
t
-
Oil Stocks—
40c
11c
2,900
4,600
11c
;,
12c
;.
:„
1.71
12c
«
1.85
'
.
40c
5.000
13c
-
37c
7c
9%c Nov
,
- -
^4,600
•
';85c
•
,
_
Feb
Jan: '
.
Nov
Jt20c (Ma^
lie • Deb
1.70 May •
17c
3,500
5.35 Feb
67%c Apr
53c
19c
Aug
Sep
May
,
-
,
.
Dec
' 50c
--
3,138
34%c Feb,'
May
2.10 Jan ;'
w:
v
; 3,060
lOC 'lOc
1.71
j
22% Aug
32
Nov
8
Nov
—
4c
-v
V..;22c Sep
-^2.80 Jan
41'Ac Sep"
Dec
•
Apr
11% May
42
Dec
Omnitrans
70
15
Jan
Pacalta
20
22
5,099
14% May
27
Nov
Royallte
Okalta
Oils
Oil
Co
*
Ltd
Ltd——
Co-Ltd
*.
*
-.
_;•__*
•
46.
■
14c
1
Ltd—^
Exploration
Oils
100
6.000
5,000
1
1.73^-1.75
^
2.60 Feb
20c July
2.25 Aug
let Aus
^
.
3*/2C. Dec
'^(JO
3.85
• 1,500
"7^1,500
; 1.27 Mar
1.90 May
} Dec
14c 16%c
17,500
11c
Dec
:
1.54
1.70
.^,400 '*■'? 40c May
5.90
6.25 ;
;;3,505 ^V ' 2.94 Jah
1.00
1.00
2,400
60c
Sep
12%c;->14c ; *,:10,000''V
9c.'- Sep,,.
4.-00
43c /■»'i43c-v'.
*
Gaspe Oil Ventures Ltd
Home Oil Co Ltd
85
-
:
14c
Feb'
,(■
—
200
2.20- 2.20
7c 7%c ";
/ 4c
4c
-
w
40
42% May
—-
1
37
36
=
1
—
-
:
1
Ltd
.-1.<-.
1
♦
13%
21
60c
—,
12c
v,
35c
.500
10alO%c *-*;..3,000
—
•
13
•
41c
58 %c
—
6,000
2.85
35c
.
Calmont Oils Ltd-
37
——
-
1
-
:
10c
,""^ 60c
1
1
Ltd—
2.60
40c
2.62.
1
...
14c 14'/2c
y
1
Anglo-Canadian Oil Co Ltd
Calgary & Edmonton Corp Ltd
40
*
•
Dec
21%
Mines
40
1.25
*
Malartic Mines
37
page
May
5c
L;, 13c
Mar
33c
200
1,000
1,000
5,000
1,000
,,v
1.30
1.30
1
tLd
Canada'Minesi.2
*
1
1.25
1.25
1.30
1.70
*
—
Mines
*
-
Worsteds
1.25
1.28'
1-..
Mines Ltd
Cons'Mines
Sullivan
14% May
25
—
Mining
Steeloy
15'%
200
16,914
Ltd—
1944
Mines
Square
see
45c
6c
50c
.;
Mines
Soma-Duvernay Gold
Stadacona
Oct
Woollens
footnotes
45c
6c
—
*
1.
Sladen-Malartic -Mines-Ltd_—
Feb
Nov
Dominion Oilcloth & Linoleum Co
For
7.00
_
Co Ltd
Siscoe Gold Mines Ltd..
15%
vi 1
Mines
Sherrltt-Gordon
Dominion
Paper Co Ltd
28c
—L.'>'
2c
5c
.>;•
5,500
14
6.85
•
1.70
1. ^1.90
Quemont Mining Corp Ltd—
Dominion
Donnacona
Nov
Feb
14
May
900
1
v
17
32
*
*
.
&
10c
6,000
...
38c
13%
Pandora Cadailiq Gold Mines Ltd
1'
Pen-Rey Gold. Mines Ltd
1
Quebec Mnngft-nesft
...
Quebec Yellowknife Oo'd Mines Ltd—1
35c
80c
*
Corp_.
36c
„
Consolidated Homestead Oil
David <fe Frere,
Class B
5c
—
-1
Ltd—
Corp
Rochette Gold Mines
Nov
4
40c
0
Lithograph Mfg Co Ltd--*
Mills
2%c
1
O'Brien Gold Mines Ltd
Jan
27
7
■>
Corp
9.50 May
50
3,579
5,500
13%
1
——5
—
Ltd_
Mines
Mining
Thurbols
Paper
1
L
Dredging:-:
Calumet
Normetal
Feb
15'%
Jan
15
300
'
Oct
Mar
22%
53
4%
5
Textile
ll'
11c
51c
Dec
Ltd
Consolidated
Ltd.—
Gold Mines Ltd
Malartic Gold Fields. Ltd-.
Oct
3%
1
Consolidated
Mines
Addison
Macdonald Mines Ltd
Jan
2
luO
Consolidated
v
Feb
Ltd
Sec
May
4%c
5c
Labrador
23% May
common-
Standard
,
May
2%c
__
Mining & Explor Co Ltd
1
Lingman Lake Gold Mines Ltd
1'
Lingside Gold Mines Ltd
.LLL1.00
Little Long Lac Gold Mines LtdLL'^—*
Louvicourt Goldfields Ltd—
-iLL—l
.100
Div
1
Feb
18 %
Preferred
Consolidated
7c
18c
10c
„
_1
^
Jun
50
common—
Commercial Alcohols Ltd
8%
preferred
Ltd
Dec
495
Lumber Co
Adv
Mines
Lake Mines Ltd
17
13
•
General
Consolidated Gold
98
May
18%
Product^ Ltd com
Neon
5,000
6,500
51c
15% Apr
17%
Steel
Claude
7c
20c
11
—
1
.1
43
1,597
preferred
Chetco
7c
18c
--
56c
16c
17c
Dec
4%c Nov
4,500
2,000
18c
5
Ltd—
112
12,505
Canadian Westinghouse Company Ltd.*
Ltd
Dec
Gold—
Gold Mines
110
16
4%
•
Co
22c
4%c
:
Feb
91%
preferred
Canadian Western
"
80c
7%
13
pfd^_.
Cassidy's
200
Jun
89
Ltd—
.
Catelli Food
5
4%
common
Ltd
J-M
Jack
Nov
17%
Candn Power & Paper Inv Ltd
5%- cum
,7%
87
11% Mar
13
13
*
Rand
19c
__
77%
16
Canadian Light & Power
Company.lOO
Canadian Marconi Company1
Canadian Vickers
"V
Jan
89
—
Ingersol
Consolidated
International Uranium Mines;—:
Aug
4%
.r...
!
preferred
Canadian
1
9 %
_i
:
Co Ltd
Gen
.
1.00
95c
76
tJapada & Dominion Sugar
Canadian
5%
16
1
Ltd
8
1
v ;
Canadian
5%
High
mp
common
Preferred
Butterfly Hosiery Co Ltd
Canada Malting
50
472
76
Ltd——
Mines
Hudson-Rand
9
•
com
Mines
Nov
Sep
Jan
92c; Feb
:4' 9%c Feb
18c
Jan
45c
Sep
Dec
May
6,000
/
4%c
—
-20c
6c
A -19,550
12c
__
Hollinger
Range for Year 1947
Low
12 %
•
Brewers & Distillers of Vancouver Ltd_5
British
Shares
High
11%
B_*
1
-17c
5<v' 5%c
/.-17c
1
> 25Vz
.18% ..Jan
395
>
3.10
' 11,300
H 2.74 May;^4.65 Jan
^c:V-i-^3e?^^4s000v^^ 28cV.SuirAug
5c
Goldvue
9
—
1
•
.-2.90
3.00
1
20%c • f
fsr Week
of Prices
Low
-
Ltd—
(1945)
Goldora
Bales
Week's
Rang#
Bala Prist
Par
-1^
Formaque Gold Mines Ltd—
Canadian Fonda
Acme Glove Works Ltd
Ltd
Ltd_L_^L—-L.i^Li^
Found Lake Gold
Montreal Curb Market
Last
Mines
Mines
Mines
20
20
Sol Gold Mines Ltd—
Fontana
Friday
Ltd
1.65
5.90
,
.,
."43c
„
__
^
.
6C*^ ~
6c
f ;'"9,000
18'A '18% '.
50
;; 44c
4.90 July '
a445 Dec
;..70c : July'
"7c
61c
Jun
2,05 Dec
5.75 Dec
;:2.55July
24c; July
15c
Jun'
Sep
' 141/2 Jan
Wa Jun
Number 4667
Volume 167
THE COMMERCIAL
CANADIAN
& FINANCIAL
LISTED
CHRONICLE
(463)
MARKETS
RANGE FOR WEEK ENDING JANUARY
23
Toronto Stock
Week's
Friday
Exchange
Last
STOCKS—
Canadian Fund*
Par
Friday
Week's
Last
stocks—
Range
Sale Price
Power
Paper common.
preferred
$1.50
$2,50
preferred
Acadia-Atlantic
Preferred
.
Aluminium
1
...
..
Ansley Gold
Cons
Apex
Aquarius
Area
pfd
Mines
_
_
__
130
17c
17c
2,000
8c
__
210
218
120
188
Mar
228%
Dec
24'%
24%
1,410
24%
Dec
27%
33c
8,000
22c
Dec
1.90
Jan
31c
32c
9c
11c
3,600
1.67
1.58
1.78
9,500
8.50
8.50
8.50
460
49c
50c
3,600
7»%C Oct
97c
60c
Aug
Sep
1.30
Feb
3,000
4c
Nov
12c
i
6c
Dec
14c
1,000
22c
Dec
May
7'Ac
1,000
6c
7'%
2,100
6% May
80
20
40c
2,300
,
lie
40c
•
.
11c
26c*
lie
T3
50
13,600
13'%,
10'%c 14 %c
10 %c
30c
("
8,400
*
8c
Jan
Jan-
__
_
7c
Dec
1,920
9-
Aug
lie
6.500
22c
3,700
3.80.
1,700
3.90
May
15
4%
Jun
10c,
21 '%c'
22c
__—1
_
common
3.65
<1
^
'.*■
Class A
5
5
'v
Bagamac Mines
1
Cons'
t
of
7T'B'
of
Nova
Scotia
-1
7c,
.
Sep
23 %c Jarr
Mining
5Q
20c
•
7%
390
Feb
760
Jan
5.20
Apr
10c'-
Nov
9%
Dec
•
Sep
35c
Beatty
44c
Jan
Oct
28%
Nov
33
Aug
39% Jan
105 *
10%c.
35
Jun
40
.
106
52c
.
7 Vic Jan
5,500
6W
6-
Brothers
Beaulieu
5
Ja»
33*
July
38c
59,400
...
Bertram & Sons class A
Class B
1_
—
Bevcourt
Mines
Dec
-
7%
Jun
Oct
91c
Mar
Brand
Ltd
•
1
Oil
23c
30,800
Dec
16,300
16c
Mar
i
1.35
Feb
31c
Aug
14c
Jan
30c
25c ''Bee
44c
•'Fet)
5c
5c
500
6c
Nov
4c
4%c
1,000
5q
Aug
10
10'A
1,190
85C
1.00
2,580
90c
Dec
3,121
16%
Dec
24
Jan
3,000
6c
Dec
32c
Apr
•
Columbia
Packers
wiusn
ColumDia
t-uwei
Dominion
10
85c
18%
class
A.
Ai.:
23'%
1,325
21%
Oct
24
24
24'%.
2,280
24%
Dec
95
95
96'%
30
97%
Dec
103'A
Sep
4
5,230
3'/a May
4%
Feb
*
12%
33C
,
2—
l
Mines
25 3A
16%c 18'%
Aug
2.20
12c
5C
1st
14,200
65c
14c
2,500
25c
17,200
Feb
48 %c Feb
«
29%
Dec
2.20
5-,780
-
1.55
Dec
4.75
Jan
2nd
8
'
Flin
Calmont
Plon
Oils
Canada
4 % 7o
B
Yellowknife
Conduits
National
Cement
Canada
Consolidated
Dec
50c
Consolidated
Beattle
Consol
May
Feb
35c
Consolidated
J
35
22
50
•
Power
8
580
8
8
-
H
S
■.
S
Preferred
Canada
•'
yri--'■ i,,,
Mining
Crestaurum
Croinor
Crow's
Cub
0
Pershing
Delnite
Dexter
10'/a
Wire
&
Dome
50
Cable class A
*
Mar
Dec
9
Sep
[
Class
Class
Canadian
W/o
.
16,500
24c
Jan
73c
2.68
«•
2.30
Jan
3.50 Feb
July
23
22 V2
16%
Oct
7Gc
74c
20,314
65c
Jan
19c
M00
18c
Oct
61c
13'%C 17'%c
27,300
11'Ac
Dec
34c
-r ;;
10
100
40
18
10
27%
51
155
68%
250
-49
6%
Jun
10
25
'
Dec
105
Sep
Feb
21
1.20
NOV
Feb
t
Aug
96
98
78'% May
98
10%
35
10%
Dec
13
Apr
3%
50
3'A
Dec
5
Jun
Oct
174%
Oct
1.90
3%
2,955
151
153
328
89c
85c
1.00
15,375
147
82c
Dec
Jan
Nov
27'%
330
20c
3,000
20c
July
27c
3,500
25c
Oct
G9c
May
26c
80c
10c
30'A
Jan
38c
Jan
55c
Jan
80c
13c
90c
42
42'A
115
12c
2,600
10 %c
85c
1,400
15c
27,000
14c
2,500
10%
110
13c
10'%
5,800
Dec
1.50
45
39% May
Jan
May
Dec
1.43
Feb
60c
Oct
2%c
Apr
9c
Aug
30c
Jan
27c
Nov
14
8c
10
Oct
Jun
Mar
400
1.46
2.44
Feb
7c
7c
7'%c
8,500
6'/ac
Dec
26c
Feb
41c
45c
7,200
36c
May
bac
Feb
36 %c 36 %c
500
30c.
May
75c
Sep
1.45
1
*
70c.
70c
73c
6,700
60c
64c
81,600
44c
Aug-j
1—2
18'A
18
18%
•
61c
52c
61c
26,000
•
19%
19%
20'%
3,156
18
Jan
26%
26%
515
25
Apr
*>
1
9'A
9'A
9'A
23
22%
25'%
1.45
7'%
7'%
100
preferred__5o
41
41
95
Dominion
Steel &
1,900
Coal class B
Dominion
Stores
Dominion
Tar
Dominion
Dec
25
25 V*
29%
Sep
Jan
8
Sep
11
Feb
Dec
33%
Jan
67/a
40
¥%
Oct
15'A
14%
16'%
26'A
26%-
470
20
20'%
21
75
20
Dec
19
*
12 'A
Woollens
12% May
Ltd
12
13'%
715
11
May
1
78c
76c
85c
20,600
b4c
May
•
—
17c
.17c
19c
12,100
16'/ac Dec
52c
52c
58c
16,670
53c
——1
>
...1
8c
80
8%C
101,500
—*
-
9%c
9%C
26c
71,700
8c
8c
41
40
44'%
Dec
7'Ac Dec
•
Jan
Nov
27%
May
21
•
Feb
45
Aug
26 'A
•
Chemical
Duvay Gold Mines
Feb
Nov
26%
90
pfd__$23.50
——
Mines
Jan
Dec
1.40
May >■'
98c
21%
••v
9,021
*
Invest
41c
1,832
1.15
1
u
Magnesium
Scottish
14
270
1.15
common
Dominion
1.70
Dec
53c
10
&
Dec
62c
—
Dairies
1.45
—-jf~ 1
Ltd
Mines
24'A Mar
25
12c
1
Mining
Gold
16% Jan
45
41c
Lake
Dominion
Duuaiaa
22
26
NOV
26% May
15
*.62
90c
1.58
Feb
Jan
Jun
Jan
28%c Sep
f
East Amphi
Mines
Malartic
,
7
;v'
-
'
i
Jan
Dec
1.61
.1.66
6,400
1.50 May
2.45
Feb
2.95
3.15
16,800
2.70 May
4.75
Jan
8'A
9
80
8'% May
11%
Jan
14'A Nov
16'%
Dec
19
21
Jan
..
*
..."
—
16
16
20
English Electric class A
Class B
Corp
;
G8c
170c
68c
20c
18c
•
;
60c
18'%
18'%
*
El Sol Gold Mines
60c
1
—
18'%
X
.,
Btatona Gold Mines
Eureka
43c
1.70
/»
Machine
Paper class A
Elder Mines
57c
12 %c July
3.05
*
Washing
Jan
Nov
1
Mines
Eastern Steel
'
5c
22c
5,606
29,400
-
Dec
-1
Mines
Sullivan
25c
4
•
18"%
20
19
725
•
1.36
60C
Aug
77c
69,650
28c
May
22c
5.500
19c
Dec
60c
Oct
Feb
2.60 Aug
Sep
19
175
25%
Jan
4
4
60
4
Dec
7'A
Jan
12
25
12
10
12
Nov
14'%
Jan
1
4.05
3.95
4.35
18,170
•
4.10
4.10
4.40
2,790
•
—
Oct
14,600
16'A
16%
.
Oct
1.96 July
4.70
3.90
5.50 Feb
Apr
Dec
75
Mar
Falconbrldge
23%
Famous Players
Fanny Farmer Candy Shops
16
17'%
868
16
Aug
19%
Feb
31% July
1
46
46
47'A
295
46
Dec
67
Jan
Nov
62
Feb
Federal
*
4'%
4'%
4'%
360-
8%
Jun
13'A
Nov
1
5'%c
5'%c
5%c
3,200
40
Jan
8%
8%
9
780
8%
8
8%
8'A
8'A
217
7
2%
3
4,450
2
9
36
100
36'/a July
445
16
Sep
201'%
93
188
Mar
12%
13 'A
137
40'%
72%
120
10
24% .25%
75
19
Apr
6%
500
22%
23
1,805
24
2,870
Sep
16% May
Dec
17%
6%
Nickel
48%
27%
-
17
22'%
Jan
1.56 Jan.
10%
12c
i
Jan
Grain
Federal
common
Klrkland
Fibre Products com
Preferred
*
—10
18
Apr
201%
Sep
17
Feb
40
Oct
40 % Mar
Fleury-Bissell preferred
72
May
87
Jan
Ford
Nov
Foundation
1,200
4'%
Dec
5c
May
2
May
9'%
11c
Jan
Feb
9%
Dec
9
Dec
Feb
10
Nov
Aug
5
6'% May
Dec
12%
25
Fleet
7% Aug
21
10
23%
May
Mar
—
Ltd
—
—!
common
Mfg & Aircraft
of
*
•
3
class
100
A
Feb
Co
Gold—
14'A
14'A
50
Aug
15
Dec
•
21'A
21
22
1,241
19'%
Jan
25
Nov
*
Canada
Francoeur
6%
265
7%
2.00
6
-
23
23
23
10
20'A
Oct
26
Jan
12c
Dec
38c
Feb
*
10c
10c
10c
2,900
•
2.00
1.97
2.12
8,275
20
540
Nov
22 %
Sep
305
20
Jun
26
Jan
225
25
preferred
Sep
29%
Jan
*
20
20
20'%
800
20
Dec
26
Jan
common.;
,*
11%
12
155
11% May
15
Feb
16
16'A
430
16
19'A
62'%
175
55
Frobisher
Exploration
2.05 May
3.25 Jan
Feb
62
20
common
.-————25
——
Food
<■
Products
common
*
36;
21 V2
23%!
10%
Alcohol
"A"-
Locomotive
preferred.
page 46.
36
21%
23%
36
93
23'%
50
24
10%
11'%
90
135
35.
23 %
18
10
Nov
May
*
12%
20
100
common
preferred
106
General Product Mfg class
Steel Wares
A
•
Preferred
100
3%
108
Apr
Dec
Jun
15'%
__
17
75
11'A
Dec
15'%
15%
135
14%
Aug
103% 103%
22
103%
Dec
20
Aug
111% May
5'%
20
18 y4
108
Jan
Apr
Feb
Nov
67% Feb
Giant Yellowknife Gold Mines—
1
5.90
5.501
Gillies
1
10c
10c
10'%c
34,500
10c
July
1
3'Ac
3'Ac
3'%c
1,000
3c
Dec
9c
Feb
1
63c
62c
72c
37,800
42c
Sep
71c
Aug
25
May
30
May
15%
Feb
Lake
Jun
Glenora
Feb
Globe On
Gold
—
Jan
God's
120
16
Dec
20
Feb
Goldale
88'%
10
90
Dec
100
Jun
12'%
13
690
Oct
Gold
5.75
Goldcrest Gold ——2—-A-w——
27 ;28
80
575
43
Dec
Nov
15'%
,
16%
107
3%
17
*
common
20
105
3'%
-L,%——*
11% Mar
17 %
Lake
Gold
Mines
-
,r-J
Eagle Mines
5.60
5.40 May
7.15 Mar
23c
Sep
1.98 Mar
_•
S'3c
80c
89c
34,100
57c
Jan
4
15c
15c
16c
6,500
16c
July
22c
Feb
12c
13c
4,500
11c
Jun
32c
Aug
3c
4%c
5,500
4'%C Dec
23c
Jan
13c
50c
Jan
1
4'%c
200
j>
22% Aug
37%
Jan
Golden
.13c
77c
9,500
81c
12c
12c
77c
"•
9,300
Nov
Golden Manitou Mines
1
2.25
2.16
2.39
14%
7,400
15
415
60 %c May
13
Sep
1.25
14%
Goldhawk
*
10'%c
10c
14c
5,500
8c
Aug
74c
Jan
J
7c
6'%c
7c
8,000
7c
May
20c
8ep
100
see
5%
General Bakeries-
15
*
*
.
common
Gatineau Power
88'%
100
■
For footnotes
16'/a
____'
:
Industrial
Cos
—25
26% May
General
—
Dredge
Oil
.53c
2.50
17 %c Feb
21
Canadian Malartlc
Canadian
5c
25'%
Celanese
A
7,500
20
Preferred
Canadian
8c
Dec
25'A
preferred _!
Canadian
7c
4.15
20
Preferred
Canadian
20,200
23'/a
'
"•
*
A
Canadian
4.10
•
common
preferred
Canadian Car
16% May
20
Canadian Canners
New
10
16
Jan
1.40 May
1
Foundry «Sc Steel
Rights
Oct
72%
25 %
Canadian Bakeries
Convertible
•
*
;
Dec
1
Bank
Dominion
,;12%
39
12%
Jun
Feb
__1
Mines
aaay
200
*
60c
95c
<■
Lake——
Mines
Dominion
East
36
100
Canadian Bank of Commerce
Canadian Breweries
1st
B
Lake
Red
Dominion
Easy
10
May
100
27c
"
a
class
Nickel
Luversllied
East
Dec
Jan
600
12c
Distillers Seagrams common
Jan
4%
35c
22
__
Dickenson Red
Mar
125
Oct
Dec
1,000
1
Discovery-.-Yellowknife
15
4'A'
9
20c
1
Mines
Detta.i Red
32
1,900
51c
6%
•
Leather
Denison
Dec
Dec
15
Dec
Aug
91c
______100
Patricia
Petroleum
Davles
19% Nov
Jan
Feb
Dec
7
1.50
27%
1
Nest Coal——
Fittings
Mortgage
s._
-
Mines
Aircraft
Davis
Sep
1.70
Feb
15'% May
6%
1
_
D'Aragon Mines
July
>
3.45
Dec
1.40
151
,
*
12
•
>:
Jun
24c
50
37c
%
Imperial- Mills
Cournor
29
v
2.10 May
1,550
i.
—•
Cosmos
100
20
50c
50c
■
,inn
Exploration
Corrugated Paper Box common
—-80
14%
Feb
50c
10'%
■
ffomuin"*''
Conwest
30'
Dec
11
Dec
20
14 %c Feb
13c
2,700
9
Nov
Dec
5c
96'%.
5
*
Class B;-
May
.'i
535
25c
10'A
Dec
Apr
Dec
32,000
14%c
-
Consolidated Mining & Smelting
Press class A.;.
12%
IS
«
Lines
Class B
12%
27%
51
17.'
Permanent
Oil
Consolidated
July
12
14'A
2.20
4c
6'%c
•
65
Packers class A
Canada
Homestead
-•
15%
120
9%
19
5'%c
72c
*
Oil
2.50'
;__2o
Canada
Mines
Crest
25'%
2.45
14%
5
Jan
Jan
61c
15
Leduc Oil
•
20c
29,500
4,000
18,550
11 .11'%
Cadillac—^
Central
Jan
■37%
Jun
165
4'%c
2.15
,
uuquesne Mining Co—
Dec
-
10'%
19'A
4.30
Dec
19c
Bakeries
East
98'%
Class B—
Jan
2.58
91c
East
4v
»
Jan
33c
6%
—
7%c Feb
65
;
79 %c
Dec
4c
Mines
12%
98%
common
May
5c
Jun
150
1.45
-
Coniagas Mines
3%c Dec
50
Preferred
30c
50c
Pete
11
——100
Canada Malting
Canada Northern
Jan
5%c
70
_*
preferred
Jan
ll7/a
9
Equitable. Life Insurance—
common
preferred
Canada
♦
Bread
75c
Sep
25c
Feb
44c
:
._l
_
1,230
11
2,000
3.75
._1
.
Campbell Red Lake
1.15
common.
12
•7c
__1
1.03
14%
5c
3.90
—
Apr
2.30
5c
14%
Calgary & Edmonton.
21c
Plow
Commonwealth
29'%.--29'%
preferred
Calllnan
Gold
Willans
Feb
13c
25
*
ct—- -sr.
5,000
Dec
7
18c
Dulama
15c
28
15'%
12 '%
preferred
11,120
25c
Lake
Colomac
*-'v
*
2.85
—
205
25.
•Caldwell Linen-common.
2.45
140
19
11%
15%
\
15,200
Sep
28c
50
100
10'%
30%
:
12
*
5,800
6'%c
4%C
c
30
•
_
Aug
20
50
16c
Co^ class A.
Eurrard class A
27c
2,900
92c
12c
*
44c
6c
22c
Jun
.36c
20c
*'*
....
Jan
30c
23'A
1
:
16
2u%
Dec
79c
>„
*Bteel
Dec
Nov
13c
L75:
1,85-
-
12%
Jan
24% Dec
2oV*
415
33c
.
*
_
;
90:
27
8,500
.
c.
23%
85c
T».
Building
13
24%
•25
17 Vic
1
Ankerite
7%c
3'%
*
„
.
Jan
6c
*
Buffadison Gold
B
3%
22
♦
40c
%c
Jan
Nov
50c
Dec
2.60
Collingwood Terminal
13% Mar
22
1
Lake
May
Jan
7 Vie
"
class
Products
Bunker Hill
10
Feb
25
Porcupine
Canadian
18% ' 19%,
10'Ac
17c
.
100
OH
Bruek Silk Mills
.
*
pfd
14c
40c
Dunlop class A
Cockshutt
Coin
Feb
1,500
_
Electric
&
July
7,100
preferred..
conv
Class
% Sep
6
27c
Forest..
>Burns
22c
14 '%c
*
Columbia
Burlington
4
43c
16c
common..
British
f
20
Jan
27C'
A
Columbia
Buffalo Red
Jan
Jan
17%
400
54c
i
_
class
British
Buffalo
Feb
90c
*
British
Buffalo
191
Oct
.....1
.
Broulan
Sep
9.75 Mar
14c
^
American
British
Jun
89c
60c
5
5
47c
23c
l
;
.
—
Millan
3%%
18,
5
Traction Light & Pwr com—*
Red Lake
l
British
42
'
18
Brazilian
Brewis
1,000
50c
1
Pershing
&
Aug
Dec
6.75 July
165
Oct
-
Braiorne Mines Ltd
f
36
18c
968
63c
«■
.
Gold
Boycon
168
60c
i
Gold
Bonville
100
»
;
Gola
Bonetal
135,700
7.70
166
l
Bidgood Klrkland Gold
A Bobjo
166
240
19c
7.70
iou
_
40
14 %c
16 %c-'
i—.iT
ol
River
39%',
1
Quebec
leiepnuut
otrii
Berens
•
Yellowknife
2.20
Oct
July
145
6
Mines
Oils
Crowshore
Belleterre
13c
Oct
19c
*25%
60
38
10c
48c.
•
1.23
8,440
8»%
—
Cochrane
.
^% Sep
Mar
7c
Feb
13
Jun
16c
5,325
36
38
_1
4,000
1.45 Mar
Nov
•
,
Bear Exploration & Radium
~
•6,400
35 'A
38c
-
8V4c dua!
13,500
•
10
Power class B
18c.
25"%.26'%.
10
Bank, of -Toronto
■V-,sA
7%- '
16'Ac
Montreal;.——^______v.^,__lo*
Bank
5
.
-
'
16 %c
Bank
May
8'%
Knitting common.
comaurum
27C
May
3,000 r
8c
11%
'•
.
Aumaque Gold Mines
Gold
Oct
23
1.10 May
Jan
1.03
May
13'%
7'Ac
12
—i.1
11,050
13c
Nov
145
Malartic
Cochenour
Jan
15%
May
Dec
DC
Jan
1.90
"
10c
9c
-
7 '%C "
I,t.n
26c
29
105
8%
A
Coastal
Feb
190
May
13
89,200
9'A
Dec
35c
150
13% c Jun
Dec
50c
2,500
28c
25c
12c 1
Class
Feb
70c
"
Mln*s
1.32
10c
.
1.03
Cltraiam
Sep
13%
1-
10
225
23c
Gold
Bar
Circle
Feb
10,000
7
1
1
___'_
16
1.34
1.25
1.25
Chromium
Mar
6c
7'Ac
40C:
;
Mines
Research
Chi mo
1.90 July
9.65
7%
*
Metals
19c
Nov
6'%c
22 >%c 22 %c
_
Mines
Sep
16
1.25
Mines
Chcsterville
be
6c
_
Quebec.-
20
*
Feb
Sep
May
26'%
Feb
Jan
8.25
80
Mining
101
15%
11% May
Feb
•
-
10
—
Chesldrk
Nov
24%
_—10
100
103
Wines
Chemical
Jun
82c
...
Electric
26c
Trust
Chateau-Gai
Jan
59%
,
base
bep
7%c
Gold
Bathurst
luc
1.50
oci
i
Bankfield
Jan
4'%c
Atlas
■■
90c
Jan
_1
common
26'%
23 %c
Centremaque Gold
Chartered
Sep
1UC
•
Avjon Gold
Aunor
1,000
9%
21
....
-
26
103
Porcupine
Central
Feb
107
Dec
1,780
1
—_
Ashdown Hardware class A
Auto
Dec,
8%
49,000
*
Armistice
Aiioellp
100
52
*
Resource»
Warrants
Atnona
122
85c
1
_
Oil
Preferred
Astoria
100
8%
85c
10c
1
Porcupine
Corp
Asnley
100
8'%
Dec
211
25
_
Gold
3,261
26%
_
High
Low
14%
Jun
23'% Mar
Range for Year 1917
High
13%
100
...
Shares
13%
—
Utilities
for Week
Low
25
Corp
Patricia
Central
Feb
43%
19 %
18'%
47%
Mines
Argus
22
36'A July
17c
*
Anglo-Huronian
Anglo Rouyn Mines
17% May
50
10
8'% c
__
4'%
Yellowknife
Canadian
2,100
35'%n 35'%
Railway
preferred
Canadian Wallpaper class B—,
Castle-Trethewey
Feb
21%
48%
common
Larder
20
19
Canadian
High
14 74 flaay
18'%
—
85c
1
Canada
Amalgamated
American
1,680
100
1
common
oi
Range for Year 1947
Low
15%
8%
*
Ltd
Aluminum
Anglo
100
__
_
Mines
Steel
—
——
Yellowknife
Gold
Aiaoina
19%
Shares
High
15'%
Pacific
Canadian Tire
St
Alberta Paciiic Consolidated
Alger
20
A
_
Agnew-Surpass
Akaitcho-
15%
20
—__
class
Low
*
&
Canadian
for Week
of Prices
Par
Abltibi
galea
Sales
Range
of Prices
,
Sale Price
100
100
5
18% Feb
1
98'A
Nov
106
Feb
Goldora
Arrow
Mines
Porcupine
Mines
-li
1.85
Aug
Dec
3.30
Jan
43
44
THE
(464)
RANGE FOR WEEK
Friday
Sale Price
STOCKS—
1
;
Goodfish Mining
Goodyear Tire
Preferred
.
Shares
common
;
—
Class B
———
Graham
——
——
1
Mines
Great Lakes Paper
Class
13'Ac
preferred
*
Great West
common-
Saddlery
11%.
*
,
—
1
Guayana
17c
13,500
35
:
Dec
52
325
10%
.
Nov
9%c Aug
16 c
July
5,706
13'A May
19%
Nov
Dec
47%
Jun
Nov
11'A
Dec
Moneta
13
80
1,250
825
13
25
19
Halcrow
1
Hard Rock
Harding
Gold
Mines
1
Harricana
Ha saga
Mines
Gold
Heath
Hedley
Mascot
Hendershot Paper common
Jan
Gold
Homer
Yellowknife—
Hosco
Gold
Mines
Smith
Howard
Howey Gold
Hudson
Bay Mining & Smelting
Malartic
Hugh
Ltd
Huron
&
11%;
450
11
Dec
15'
150
15
Nov
19'A
18
27%
Nov
30
Mar
13
Jan
National
Steel
May
21'Ac
Feb
National
Trust
Aug
1.45
Oct
9c
1,400
86c
Dec
10
Aug
Jan
New
Calumet Mines
Dec
New
Marlon
97c
Sep
Feb
Newnorth Gold
New Norzone
1.40
15
99
Mar
New
6'Ac
Dec
18c
Jan
Nib
10%
10%
5.80
6.25
30c
43%
3,765
40
2,100
2%c
112
112
250
15%
15%
/
7%
25%
5'Ac
6c
1
*
& Co
6
9
9
l
46c
48c
•
29%
30'/a
A
Preferred
Jan
Preferred
Nickel
Co
*
15% July
13%
Petroleum-™
:
Dec
Dec
Oct
11
Aug
International Uranium
1
5 X
Gold
Jason
—
r
Mines
.—
v
35c
Feb
15c
37,833
14c
15c
;
Sep
Feb
5c
1,500
.1 1,500
5c
Nov
12c Nov
4c
3c
Dec
5c
Sep
Joburke
l
41c
50c
11,400
33c
July
60c
Jun
Joliet
Quebec
Journal
1
.
Mining
Gold
3,100 X
7c
31
Oct
Mar
10
28c
26,800
21c
May
55c
Jan
72c
61c
78c
14,816
40c
Sep
60c
36c
40c
25c
Aug
2,500
14
13%
4,605
20c
17c
16c
1.47
1.43
1.53
24,575
•
24%
24
24%
780
6.85
6.75
7.15
5c
4'Ac
5c
i
46c
41c
50c
Mines
Fortune
Lake
Rowan
Lake
Wasa
12c
l
Mines
1
12%
Mining
1
60c
Mines——t_:
Lamaque
2%c
*
-
Shore
Lake
Gold—
12.%
May
86c
Jan
Apr
15c
Jan
Oct
33c
Dec
16%
Nov
Dec
1.25
Jan
Sep
4.50
Jan
12c
2.80
Feb
7.75
Nov
Dec
5.70
929
5c
1,000
13c
50c
Jan
9c
Dec
4c
May
10c
12,700
7%c
31,000
17c
Jan
16%
450
16 'A Aug
21'A
Feb
Lebel Oro Mines
1
3%c
3%c
2,000
A\Ac
Osisko
•
61c
70c
4,300
1.20
1.25
4,400
Oil
Gold
Mines, Ltd
Lobiaw
41c
43c
48c
76c
1.45
Jun
2,500
10c
Oct
13,000
46c
Dec
34c
Goldfields—
1.32 Mar
1.23
1.27
6,250
2.40
Feb
29%
29%
30
510
23
Jun
33%
Gold
27%
28%
190
26%
Jun
31'A
Jan
13
13
30
13%
Dec
.
1.16
V
1.23
1.29
____l
15c
1.40
16c
1.40 Dec
1.27
20,500
15
Dec
16c
1,500
3.60
May
39c
28c
»
8%c
9c
4,500
7c
Dec
1
2.66
2.60
2.80
6,135
2.80
Dec
MacDonald Mines
1
1.32
1.27
1.40
49,450
1.70
Dec
Macfie
1
10c 10'/4c
3,000
MacLeod-Cocksnutt
Gold
MacMillan Export class
Class
B
I
9c
1.25
1.30
1.40
14,100
:
11c
Gold
Madsen
Red
Magnet
Consolidated
Lake
10
9%
10
1,199
7%
7%
2,884
5'A
2;83:
Eastern
2.83
2.98
27,541
3
29c
29c
'29c
4,800
1
*.
2.25
10
9% Sep
7%
1
Mines
4
4.85
39c
1.30 May
•
Gold
1.70
1.70
1.79
•
10,500
2%c
3c
13
13 3'4
665
5c
5c
1,700
4,500
Oct
Feb
Leaf
Marcus
Milling-
Mines
*
1
T
1
Gold
Martin-McNeely
Pacific
5c
18c
22c
5%c
1
25c
57/8C>
21,800
3,000
McCabe
(L)
Grain
preferred
class
McColl-Frontenac
A——
new
com
Rights
Preferred
li
For footnotes see page 46.
•
27
0
;
Preferred
9
18
18
20
Massey-Harris common
17c
Jan
Dec
13c
Jan
1.25
1.25
220
<■
18%
2,112
27
28
305
9
9
50
7%
Sep
2.80 May
23c
Jan
49
2,505
42
Aug
54
20c
20c
21c
7,600
20c
Dec
83c
Jan
19c
19c
1,000
12c
Jan
33c
July
„1
3'Ac
3 %c
2,500
1.65
1.77
24,815
8c
9c
9,500
_1
1.70-
1
8c
1
6c
—_
Jan
3c
2.05
1.32 May
9c
Jan
9c
Nov
Jan
Feb
44c
Dec
6c
7c
26,500
7c
May
16c
Feb
*
50c
50c
Dec
85c
Jun
.-1
26c
28c
1,340
11,700
48c
26c
24c
Jan
48c
Apr
1
4c
Jan
4c
4%c
5,500
4c
Dec
10c
4%
4%
100
3%
Jun
6
Feb
5%
5%
200
5%
Sep
6'A
Aug
1.87
1.80 May
2.90
Nov
———
5%"•
.
2.00
14,730
60c
59c
62c
11,650
46c
Jun
1.77
*
1.04
92c
1.20
26,200
40c
Jan
2.35 July
r—.—*
'
14c
14c
15c
1,700
14c
Dec
v
1
1
6
>
13 %c
Supply common-!
1.90
5'Ac
•
— —
5'Ac
1.000
5c
Dec
12 %c
f14c
12,400
7c
Apr
21c
Jan
19c
May
2
2
500
■
2%
Nov
10 %
8%
8%
10'A
1,540
—1
7'Ac
7%c
9c
2,000
9c
Jan
12c
13c
1,750
10c
25'Ac July
*
2 % May
Sep
12c
Dec
—
♦
....
—————
1
94c
90c
1.04
36,500
1
Mines
59c
53'Ac
65C
24,800
•
—
—
Pamour
.
Dec
71c
£.
23
..
Feb
18'Ac Feb
Feb
70c
2.26
Dec
45c
May
Cadillac
Jan
1.05 NOV
Paramaque
Parbec
84c
550
1.32
1.41
14,350
6c
6c
500
1.40
9.000
•-
W—
'
7
—
6c
6c
8c
4c
4c
4 JA c
3c
J3c
Paymaster Cons Mines
1
:
Perron Gold
2,000
16c
Photo
Nov
July
59c
Nov
29c
Jan
26%
26%
20
26%
11'Ac
Reef
Powell
River
Rouyn Gold
Power
Corp
2.25
Dec
3.30
560
3.20
Dec
4,40 May
22c
25c
7,132
12c
Dec
45c
46c
39%
75c
45c
49c
9,100
27c
May
60c
Dec
39
40%
1,585
33% .Jan
44%
Nov
71c
80c
4,900
75c
Dec
Nov
;\
11% May
4'Ac
21c
Nov
14
11%
11%
10
7,810
Dec
5'Ac Dec
Nov
1.15
13c
14% May
21%
-
260
1.8 i
1.95
2.50
Nov
14%
1,960
12%
Feb
15%
Sep
6c
4,000
6c
Dec
20c
Jan
10%
10%
310
10
Dec
14 '/'a May
51
51
51%
255
51
Dec
55
70c
77c
13
70c
__1
1.32 May
*
75c
5,000
60c
76c
77c
1,807
64c
May
12%
13%
3,795
12% Dec
1.00
32
Feb
Jan
20
Apr
class
1.25
1.25
100
7c
6'Ac
7c
18,600
80c
Feb
11c
11c
13c
6,000
7c
Jan
16c
Nov
19c
18c
19c
3,600
17c
Nov
47c
A
i.
Nov
30
*
7'Ac Dec
30
10
31
10
50
0
44
45
30
40
12%
12%
115
11
May
*
Mfg common
Little
8
8Va
300
6%
15%
16
65
15'A
10c 10'Ac
4,000
,—
common
/
,
Gol"d~—II—II-III—I—
I
1
<
10c
5
Industries
2nd
Preferred
A
preferred
A
Lawrence
Paper
New 2nd $2
21,000
625
22%
Apr
16%
16%
25
12%
Ndv""
6%c
7c
10,000
19c
23c
27,700
14
570
11%
Apr
110
102%
Dec
40
9'A
Jan
.
,
—
101 101'A
13%
14
39
'
A 39
40
40
30
37
40
40
37
121
127%
35
25
—
17'Ac Dec
River
Gold
Mines
Ltd
Gold
Mines
Sep
15
•
.....
July
106
"
19
"
Noy
132%
Mayi
tf!;M 50%. Oct
v:5> "•<-
....
117
•
Apr
•'•'140X
■••-'.)■.•.>y
2,550
9'Ac
1,500
6c
Aug
'""20c
11c
14c
5,500
15c
Dec
r: ,J30c'-
*
16%
16 %
50
1
50c
57c
28,900
1
•
4.00
He
4.00
16
Dec
Gbt ;n'
5.10, NOV
3.25 May
4.10
9c
1
1
9
9
100
Dec
11
Jan
11
10%
12'A
2,820
11%
Dec
13
Nov
30c
45c
5,360
11'A
Dec
13
Nov
_1(JU
96
96
96
5
98
Dec
104
Jun
9
A_
Senator Rouyn
Ltd
Shawinigan Water & Power—
Preferred,
Shawkey
Mines
•
100
1
51c
21%
31c
May
•
16%
85c
Oct
Nov
938
21
Dec
25%
Jan
46%
—■
47
160
47%
Dec
50
Sep
14c
15c
1,000
8'A
Dec
43
21%
21%-
.
-;
,
Aug"
Oct" "'w
July
class
^
10
•.
Antonio
,t
Juri'."
'Juh,1, v'
38c
1
h
Jan.
45c"1
Dec
8c
Jan
...
21
235
121
——1
50
Aug
Mills—
preferred-—
preferred
..'1.03
36c
25%
1
__100
i——1
\
20c
27c
101V*
—♦
St Lawrence Corp common
c
Feb,-,,
16
* Aug
May
''
lit St*
>••«?-,t- rrjfto •«:**}.•
13%
100
Saguenay Power preferred—
Jan';-
.19
Dec vt
24%
•
common
Dec
**
14
10% May
24%
16%
7c
20'Ac
10
*
1
1
Oil
47
%
Apr
36c
*
Oils Co
22 % Mar
May
—*
^
Feb
Mar
38
17% Aug
10
A
Scarfe
Nov
17%
1.70
Oct
1.25
1
(1936)
Gold
Bannorm
1.20 Aug
21% Jan
1
Gold
Feb
27
.
73c
Macdonald
...
San
Jan
1.20 Jan
Dec
Jan
Apr
Nov
14% NOV
5'Ac
1
Robinson Cotton
6%
v15
Jun
9% May
—1
.L2
£
Gold
New
1.67 May
May
11
Jun
14%
14%
5'Ac
10%
.—40
Riverside. Silk
5 %c Feb
15
*
13%
*
1
_10
common
Quemont Mining
Nov
10'Ac July
.
*
Dome
Quebec Man it cru
Queenston Gold Mines
Russell
Feb
25c
*
1
Roxana
Feb
4,625
East
Proprietary Mines
Purdy Mica Mines
Purity Flour Mills
Roybar Chibougamau
Rupununi Mines
July
2.60
"17c
13,150
Preston
Feb
4.00
July
7c
May
13c
11c
1
Royal Bank
Sep
28
2.15
—-1
*
Royalite
Nov
Dec
3.30
Metals
Rochette
25
3.30
Pressed
Robinson
Dec
2.05
1
*
Robertson
Feb
1.31
75c
1
1
Class B
5%c Jan
2c
7'Ac Aug
2,950
Gold
ttegcourt
Jan
12c
3%c Dec
1
Gold
Reeves
Feb
23'Ac Jan
7%c Dec
42c
80c
Porcupine Peninsular
Reno
Nov
20c
Dec
500
76c
1
Porcupine
Pickle Crow Gold Mines—-
Porcupine
Jan
2.20
1.18 May
5'Ac
11,800
0
Engravers
Piccadilly
Jun
1.21 July
33%
33,900
1
—
;
42c
40c
40c
1
Pen-Rey Gold Mines
; Jan
27% July
15c 17'Ac
1
Malartic
15c
5V4CMay
9,000
1
Mines
Malartic
8,700
1.04
32%
(6c
32'A
"
1
——
7'Ac
95c
31'A
7c
97c
1
*
♦
Porcupine Mines Ltd—
Pandora
Feb
35c
0
2.10
Dec
46
1
Jan
56c
Dec
1.50 May
2c
Jan
-u_
*
1.25
46'A
—_1
—
Petroleum
Sand
McBrine
May
3c
♦
Pacalta Oils
St
Maple
Maralgo
6c
5,000
Page Hershey Tubes
Jan
4.20 Mar
Aug
•
Malartic Gold Fields
Manitoba &
Mines-;
A
:
500
6c
Mines
cq
Mines
Red Lake
6c
6c
Jan
27%
l
„.
Dec
6c
6c
Lake .i
Richmac
Yellowknife
Macassa
Jan
•
*
Louvicourt
Lynx
Dec
Nov
•
A___
Hosiery class A
Lunward
14c
1.16
•
class
B
London
1.22
11 Vac
1
Lac Gold Mines Ltd
Groceterias
Class
7c
i
Lingman Lake Gold Mines
Little Long
9c
9o
1
Lexindin Gold
60c
—
Lake
Osvlake
Feb
Leduc-West
2'Ac May
39c
Dec
Leitch
Dec
Jan
5c
1
Candy
40c
Feb
-1
Preferred
7c
l
Mines
800
Jan
12%
50c
465
16
"U"
Secord
41
—
Powell
Feb
4c
1,050
6.60
7.50 Aug
61c
Oct
35c
6,860
3.00
2.30 Nov
3
Larder
Laura
40
26% Mar
July
5C;
500
63 c
6.15
6.15
1
Lapuska Mines
12c
12%*
2.90
*
Lapa Cadillac
4cv
60c
*
Gold
Sep
40
;
Beauty
Pioneer
3.40 May
9,600
1,500
Dufault
Jan
1.33 Jan
II,000
Lake
Nov
46c
•
May
23
4,955
1
Dec
17%
14c
-
51c
12% Mar
25,300
13%
1
Lake
70c
Dec
Mining & Exploration
Laguerre Gold Mines
Luz
Jan
24c
24%
1
Lake
Dec:Jr
Jan
24c
24%
1
(John).
15c
Mines
Gold
Partanen
6'/aC Aug
24
Jan
16'A
Sep
24c
1
Gate
Labrador
La
95c
May
15
i
Golden
Kirkland
Labatt
6Vac
7c
•
Kerr-Addison
Kirkland
50
i
__j-
—
Gold
Renville
33c
7,024
15 %
1
-
Hill
Keno
39c
15%
•
Kelvinator
Kelwren
36c
<■
Mines
Publishing
Kavrand
44c
74,600
(1940)
Orange Crush'
Jan
5c
55c
July
•, v
V
Dec
5c
Ltd
24c
9'Ac Jan
•.
2'Ac
2%C
Mines
20c
—A------—————5
Orenada Gold
Jan
1
-
.21'Ac
—;
Mines
Orlao Red
Nov
16 %
1
Mines
Dec
Mines
Malartic
Ontario
Jan
J M Consolidated—.—
Jellicoe
3c
•
Oils
Omega
Jan
37%
162
Dec
6c
1,000
14c
14 % c
1
I,v
6c
.
Okalta
Feb
July
2,000
4 %c
214 c
1,000
—
Gold
O'Leary
104%
■I-
12% Sep
3c
*
1
;
.
Mines
3'Ac
65c
Jan
•
:i
Jacknife
Jacola
3 %c
Omnitrans Exploration
139% July
;
24,400
51c
48c
48c
-
3,645
O'Brien
33% Aug
Mar
26
Dec
X
3 'Ac
Ogama-Rockland
Apr
85c
Nov
140
Dec
Jun
10%
8
8
31%
14%
29c
_
Gold
Inca
Feb
46c
101 i ■:
140
7,700
.
■*
Canada
Preferred
Nov
24c
Dec
5c
100
-
31c
1
North Star Oil common——
8'A Mar
25%
Dec
5,591
13%
140
13%
•
15%
Oct
6%
33%
32%
__
—5/100.
..
International
•
common
North
Jan
102 % 102%
100
International
27c
Mining
Northern
Oct
30
25
520
Metal" class
Int'l
27c
——1
Norseman Mines
Sep
12 %
3,200
8
9
Jan
—♦
__;
Corp
Normetal
Jan
13%
115
300
Mining
Jan
1.45
,
Dec
13c
Apr
40
8
Ingersoll Machine class A
Inglis, (John)
Inspiration
46
Dec
Jan
8,000
12%
-
12'Ac
Oct
Norpick Gold Mines—
Feb
25
470
25
47c
Jan
107%
2,137
25
25
7%
»'
25
;
-
July
—1
—
Norgold Mines
52% Mar
Dec
July
10
.14,664
4c
74c
Norbenite Malartic Mines
Northland
16%-
12Va
12%
£1
4%■ preferred
Indian Lake Gold
48%
28'Ac Dec
10
27
2.55 Mar
9,525
1,500
11,812
1
Yellowknife
Nordon
25'Ac
26'A
Imperial Tobacco of Canada ordinary_5
Preferred
Nov
10
26%
Oil
Sep
65c
Feb
Dec
5c
Noranda Mines
Dec
1.82 May
;
1.07
-
Merger
26%
Jan
28
Dec
26
2.32
Gold———
Rouyn
21%
5c
5
15c
6c
60
July
Apr
Jan
Dec
10,300
46
3'Ac
10%
14
95c
2.28
Mines
Nov
38c
10%
2.20
May
1.00
—
Nipissing
5.30
46'A
3c
12
48
1
-.*..1
-
Feb
13%
30c
10'A
,300
„
*
23%
24 %c Aug
26,300
585
28%
Mines
Jan
46'A
•
Imperial
18c
Oct
2.75
8,000
8c
22%
27
Nicholson
9.50 May
17,020
20%
July
Jan
8c
17
I,455
6.00
12
20%
Jan
37c
•
Nov
10
30
—
*
.1
New Bidlamaque
89c
10%
46
15
—<■
—_—
——10 X".:
___—
Negus'/Mines ;X—
Aug
1,085
Car_
Feb
35c
Mar
97
2,100
20
,
Feb
7,000
:
common——
Hosiery class A———
Apr
Apr
46c
—100
Bank
preferred
12
7,000
CXI. 75
National
common—
—
18c
10c
'.80c
14
Jan
65c
Dec
30c
675
*
Erie common-
Imperial
Jan
18
83c
3c
25c
15
2,200
10,000
45%
Aug
11%
1
A
Nov
?7 %
15
10
class
Feb
11-
Oct
—
Drug
Preferred
50c
50c
6c 6'Ac
6'Ac 11'Ac
18
18'A
*
-
Hunts
25%
0
National
Feb
50c
28c
!
1,150
5
9'A
6 % May
20 %c Dec
1
71%.
25%
15
10
30'Ac
May
69
25
43
38,700
50
A
65
245
6 •
25
13
97
1
preferred--
22%
15%
43
75c
6c
Oct
15%
25
Breweries
14c 17'Ac
8c
15
15%
—•
Corp common
preferred
National
4%c Mar
15'Ac
1
Feb
345
*
'
*
5
Mines
Oil
Jan
72
May
•
Koiiinger Consolidated
18
Dec
2c
10c
18
15'A May
34
15
36'Ac
Dec
80c
11'Ac
125
4.150
«
1
common
May
7c
•
Knitting
Porcupine
12c
1,265
*
Dauch
15%
Jan
15c
8c
Hinde
15
35c 36 'Ac
10%
Dec
Aug
4,500
7c
Highwood Sarcee
21% May
7.35
1,200
«% May
»
21% May
19%
20c
•
Home
4%
1
_y__
-
19'A Aug
10
19c
9'Ac May
97
50
19%
12c 12'Ac
100
97
14%
19%
33/« Jan
Oct
19c
47,325
100
Highland-Bell
Highridge Mining
&
Moore
Nov
i
Preferred
Heva Gold Mines
1,175
14%
19%
1.75
1
16
T
7.25
14%
5%e Apr
!
1
70c
*
7.10
*
i
National Grocers
10%cll%c
80c
14
3,375
Mylamaque Mines
150
80c
7,500
2%
Mosher Long Lac
70c
1
a,
-
8c
2%
Jan
l,50i)
__
Jun
7c
2%
Jan
3c
80c
14 %c
7'Ac
•
Nov
13'A
1
—
Feb
10c
15
1
JL
Gold
Feb
62c
'
,
16%
7'A
__
Dec*
20
70c
1
25c
,
Sep
1
Gold
16,200
4%c Feb
„
Dec
7'A
11c
24c
May
3c
May
•
Carpets
Gold
Harker
20c
2c
Nov
94c
1,500
2'Ac
—
7%
1.00
57c
Dec
20c
30c
15%
19%
5c
1
1,500
68%
Jan
47 %c May
•
Montreal Locomotive
Dec
70c
10,546
25c
*
12,300
3c
54
200
60c
Sep
8% May
15
19'A
4'Ac
Gold
56%
55c
6
Monarch
10
25c
Halliwell
Oil—
High
Low
56%
23c
A
43
25
15'A
Hamilton Bridge
Class
375
1
—
Range for Year 1947
High
56%
Red Lake Gold
Modern Containers com
905
*
—
5
—
Mining Corp
•
Swayze
Gold
Brick
Milton
Oct
17c
Gypsum, Lime & Alabastine
Gold
Low
3c
Mines
____
Nov
10'Ac May
73
Shares
Lake
Red
Mid-Continent
Sep
29%
1,000
Hahn Brass preferred
Gunnar
McMarmac
12
Oct
24
25
20
55'A
McLellan
Jan
113
July
95
McKenzie
1,000
80
for Week
55c
Mclntyre Porcupine
Jan
11c
Dec
3c
1,000
Sep
Jan
46c
May
12c
12c
16%
41
_•
•
Coal com
A
Great West
22c '
13%cl3%c
16% 18%
40'A 43'A
11 %
11%
11
11
—
—____;—*
Bousquet
Grandoro
Range
of Prices
Par
High
Low
1
3'Ac
4c
•
—
106 ; 108
50
■
50
50 50%
*
■*.*.
10 Va 10%
—122%. 122%
;
Mackay class A-
Gordon
18c
19c
Sales
Last
STOCKS—
1947
Range for Year
High
"
Mines
Goldvue
Week's
Friday
gale Price
for Week
of Prices
Low
Par
ENDING JANUARY 23
Sales
Week's
Range
Last
MARKETS
LISTED
CANADIAN
Monday, January 26, 1948
CHRONICLE
& FINANCIAL
COMMERCIAL
Jan
Volume
Number 4667
167
THE COMMERCIAL
&
CANADIAN
RANGE
Friday
Week'i
Last
Ranrt
Sale Price
STOCKS—
Wpg
Sheep
Brewery
Creek
"A"
Gold
Breweries
Sigma
Mines
1
2.70
•
common
(Quebec;
14%
13%
Jan
1.00
Oct
1.65
Jan
15
215
1
7.25
7.20
7.25
Silanco M & S Co Ltd
;
1
51c
50c
56c
Silknit
1_
5
13
13
13
1
40c
40c43%c
2.06 Jan
12%
550
..
Ltd
common
Miller Mines
Bilverwood
;
Class
class
A
•
B
11%
Dairies
pfd__
—10
Simpson's Ltd class A
V-' 19% Feb
Siscoe
881
11
11
735
99%
99%
15
Co
Olsen
of
40c
6,225
40Vic
Dec
68c
34c
9,500
36c
Aug
68c
Nov
20
Nov
50
5.100
91c
May
62c
60c
62c
800
50c
May
7
7
7%
585
7
May
96
Nov
105
8
—
Mines
220
5 y2
50
Sep
4%
74c
11,700
15
25
70
70
75%,
74%
7,000
2.15
2.06
2.15
10,690
114
114
27
—
1.74
1.85
15c
18c
i
1.72
1.72
1.85
•
51c
—
•
26 y2
%
55c
0
5
5
10
10
Mines
Jan
Jan
2.85
Dec
Dec
2.75
Dec
1.00
12%
100
35c
13c
15c
3.20 May
1.35
73,100
100
18%
1
70c
*
*
British
Columbia
Brown
Co
____♦
Resources
Union
Corp B
A
United
Oct
DaJhousie
Feb
DeHavilland
30c
Feb
Dominion
49
45
154
57c
5,500
53c
-
24
Dec
Oct
101
July
20
Aug
6
2.65
2.61
2.65
3,315
27c
31c
12,900
17c
Dec
8%c
7%c
7c
Dec
2i69 Dec
7,500
8
4%
Nov
Jun
115
4%
Dec
3.50
30c
30
19c
Mar
Exchange-Curb Section
Week's
Sales
Range
for Week
of Prices
Shares
Low
Range for Year 1947
High
Low
High
260
8%
Dec
15
90
24 %
Dec
31
74
77%
165
43
May
98 %
Dec
4%
4 %
4.951
3
May
7%
Nov
100
88%
92%
480
67 % May
112 %
Nov
17%
18
75
25 %
4%
*
12%
12%
18%
*
common
37
50
Dec
15%
Mar
Feb
23% May
12% Sep
Jan
37
37
5
39
Oct
43
Feb
*
23%
24%
150
21
Jan
25 %
Feb
*
common
26
28
50
26
Mar
36 %
Apr
130
Mar
155
Oct
Aug
4
Deo
common
Canadian
100
Western
135
135
135
10
2
3%
3%
3%
4,900
16%
16%
17%
Lumber
Paper
*
Oil
7,495
14% May
47c
3,150
32c
Jan
72c
18%
18%
500
13Va
Jan
26
29%
30%
539
30 %
Sep
37
11%
Dec
*
Aircraft
45C
*
■
2%
*
30
Dominion
*
11%
12
70
Donnacona Paper
•
21%
21%
125
*
26
26
50
Foothills
♦
3.40
3.65
11,900
11c
2,700
8c
21c
Jan
new
com
21%
Nov
Jun
Mar
Feb
12%
Dec
14% May
27
Nov
17%
32
Jan
Oct
Feb
May
725
21
105
42%
16
500
10cliy2c
5,000
6
6%
2.09
2.07
2.15
: 6.60
•
Jan
96
Feb
10%
18'/2
6:60
6-
8.023
6.85
10c
10c
10c
1,500
21c
21c
21c
*
Dec
2.00 May
7.00 Dec
433
1
Feb
300
10c
Oil
17% May
Hayes Steel
50
Nov
17
Apr
5% May
6% Jan
1,825
-
1
—
13%
15
Dec
8% May
48 '/a
:
6,123
3,500
1.10
1,565
18
Ltd
24%
97%
Feb
9%
10c
6'A':
Apr
8
Sugar
Preferred
Mar
1.40
Dec
15%
1
21c
Dryden Paper
9 y4
10c
Dec
25%
.
Textile
45
51c
7c
8
Bridge
-21
lOVic May
26 % July
47 Va
*
footnotes see
9%
12% Feb
105% Dec
15
500
5,000
"
116%
205
18
Steel
For
Vickers
Consolidated
10c
*
Oils
Bronze
Industries
Canadian
Oct
48
Upper Canada Mines
Ventures.
Canadian
11
15%
——
Vulcan
Feb
10% Aug
Nov
13%
25
Vicour Mines
65c
Nov
Jan
50
preferred
preferred
Oils
United
Dec
Dominion
30c
10 %
Jan
%C
8
Aug
•
Vinegars
Dec
9V2
*
class
B
Canada
Dec
51c
1
Mining
&
Oct
1.40 Jan
Dec
—
•
Canada
62c
12c
10V2c 10y2c
29c
5 5a c
1
;
17%
105y2 105%
20c
Dec
25
common
65c
—
Jan
Dec
9c
23
Pulp & Paper com—"'
Preferred
2,931
10
105%
1
108
7c
97
*
Corp
2,000
—
50
Dec
101
9c
Asbestos
75c
100
Mar
7,000
*
18%
12
31
5%c
Par
68c
12
Oct
Sep
8,000
Last
18%
12
"
Fuel
100
35
26%
Sale Price
4.50 Nov
Dec
May
9%
80
Feb
1,565
*
lO'/aclOVaC
—
Feb
38%
9c
Friday
Apr
7,700
9%
38 %
Nov
5%c
STOCKS—
Feb
Sep
1.35
11c
23% May
Nov
23
39% Mar
7%
Andian National
10
3.40
9%
Nov
23
Canadian Funds
Jan
42c43V2c
12c
Jun
10c
8c
23%
*
Jan
6%
1.35
9%
Mar
30%
:
*
class B
Apr
Dec
3.15
Union Gas Co
Class
100
50c
23c
Ltd—
i
Dec
Dec
27c
.
Feb
Oct
12
9c
8c
Toronto Stock
Sep
42c
*
Works class A
United
97%
Jan
31c
5
8,455
New
'•
7c
115 ri Oct
28%
1.35
*
Mortgage
United
27
9c
2.65 Feb
Dec
3.15
*
Towagmac Exploration
Transcontinental
26%
&9%
22%c Mar
Jun
25%
1
A_
125
•
Yankee Girl
Jan
•
1
class
35%
•
New class A
Jan
60c
345
1
Finance
35
26%
Wright-Hargreaves
Knitting Mills,
89%
5
Elevators
Traders
100
1
York
Aug
1.87
50
—
Iron
110
33V2
100
Ymir
83
Dec
1.70 May
65
10
8
17c
295
24%
33
K
Oct
13c
1,500
27
Oil
Gold
29%
24
1
Jun
7%c Dec
27
100
Gold
7
-
65,600
35
;
4.95
28%
Jan
110
9,925
26%
,
Gold
Toronto
33
1
Canadian
Toronto
24
50
3.500
,:
High
May
21% May
Jan
1.75
6,825
Mines
Toronto
29
*
4.20
10c
Yellowrex Mines
1.06
10c
3,200
15c
Tip Top Canners class A
Tip Top Tailors
Tombill
•
Preferred-
Oct
17 %
78
90
10c
1.74
'
Toburn
9c
common
Feb
May
74%
79
9c
1
Thompson-Lundmark Gold Mines
Thurbois
9c
►.
1
Nov
9%
Dec
55c
125
75%
_______100
1.48
85c
13% May
9c
1
common
Gold
5%
15
69c
—
*
River Gold
Canadian
17
45
6%
70c
'
*
common—.
Preferred
11%
lie 12 %c
•
Larder
Winnipeg Electric
Feb
97
6
__
1
common
U'A
1
_
Wingait Gold
Apr
Oct
96
5%
__
—0
Bylvanite Gold Mines
Texas
19
1.44
—50c
Teck-Hughes
106 y2 Mar
1.38
*
Mines
Pearson
Dec
18 y2
*
:
Inlet
Taylor
Jun
*
common
Ltd
y2
19% May
1.40
-____-25
Cons
24
100
•
—
iron
6,865
Apr
32c
common
Canada
Sullivan
Tamblyn
Winchester
40c
32c
]
Gold
Trusts
Taku
Jan
125
(1944)
___.
Sterling
Surf
Jan
292
Winora
Mining
Rock
Weston
29
545
22
*
Preferred
8tecp
5,080
26%
*
32%
26%
___100
Stedman Bros
4.95
26
100
(Geo) com
Preferred
Wiltsey-Coghlan Mines
99%
Paving common
Co
Oct
Jun
•
Preferred
Steel
12
100
21%
i
Standard Radio class A
Steeloy
26%
Jan
Nov
6%
99
99%
_—,
Mines
4.80
13% July
.
21%
1
Mines
Standard Chemical
Starratt
26%
11% May
99%
Springer Sturgeon
Standard
__
•
Gold
Malartic
_
Preferred
Nov
•
_
Stadacona
59 %
Low
4.95
West Malartic Mines
Westeel Products 1^_—_____
Western Grocers common
100
Class B
Preferred
Southam
WekuskoConsol
Feb
Nov
Apr
Sep
12
__
Sladen
i
Nov
1.05
Range for Year 1947
High
26'/a
—*_,♦
10%
12%
11%
*
West
(Hiram) (G & W)
Waterous Ltd com——
16 %
24'/4C
Lou;
y,
•
Walker
Dec
30
Shares
,-y
•
,
Apr
58,100
Sales
for Week
of Pricea
Put
.
Amulet
Class A
Dairies
Silverwood
j
Range
gale Price
Dec
7.20
10,400
Waite
Feb
5.35
50c
'
Silver
;v';"
Dec
46,731
.
High
10 y2
2.76
Week's
Last
2,250
1.10
2.56
23
STOCKS—
35
45
MARKETS
JANUARY
Range for Year 1947
Low
103/4
1.10
ENDING
(465)
Friday
Shares
High
10%
50c
Sherritt-Gordon Gold Mines
Sicks'
Low
*
LISTED
WEEK
FOR
CHRONICLE
Sales
for Week
of Prices
Par
Shea's
FINANCIAL
Nov
Humberstone Shoe
International Paper
Jun
Minnesota & Ontario
21
"10* »
<
2.85
12
y
Dec
Jan
3.40
Dec
Feb
21
21
22
130
20
Jan
30
22
22 %
70
21
Dec
24Va Feb
52%
51%
55%
4,690
41
May
63% Nov
•
22%
21%
23
3,070
15% May
5%C
5%C
2.25
2.25
2.62
1.445
22
22
100
40c
40c
40C
50
7c
7c
2,000
Paper
_£_
*
Oreille
1
Reliance Grain
*
*
Temiskaming Mining
Jun
1.90
*
*
Southmount Investment
Mar
50c
_*
common
Selections
Pend
Feb
22c
18%c Mar
Oil
Nov
3.60
]
"
4c
1,000
24%
.#■
Dec"
1.75
Sen
Apr
3.40
15% Aug
23c
Oct
8c
23
Jan
Jan
Mar
42c
6%c May
Oct
12c
Jan
page 46.
Foreign Exchange Rates
Statement of Condition of the 12 Federal
Pursuant to the requirements of Section 522 of the Tariff Act of
1930, the Federal Reserve Bank certifies daily
to the Secretary of the Treasury the
buying rate for cable transfers in the different countries' of the world. We
Reserve Banks Combined
give below
.Hi
a record for the week
■.
EXCHANGE
RATES
■_»
0
CERTIFIED
BY
JANUARY
FEDERAL
16,
1948
TO
RESERVE
JANUARY
BANK
TO
TREASURY
UNDER
TARIFF
1948,
ACT
OF
Assets
Gold
Country
and
Monetary
Unit
f ~
.■
for
F.
)
;
22,
1947
$
45,000
*
I-V
+ 3,163,990
R.
notes
Money
Jan.
$
20,895,170
fund
14,
1948
$
certificates
Redemption
York
Jan.
J194821'
1930
INCLUSIVE
Noon Buying Rate for Cable Transfers in New
Value in United States
y...
Increase ( + ) or
decrease (- -) since
.
22,
*
.
dollars)
"T
-y
■
.
(In thousands of
just passed:
-yVv;":;+
FOREIGN
•
692,963
1.943
21,588,133
43,057
+ 3,058,780
376,269
25.656
+
13,027
168,315
3.650
—
69,702
2,869
1,446
105,21^
—
r
,
Argentina, peso-
Jan
16
$
Jan. 17
$
Jan. 19
Total
Jan. 20
$
Jan. 21
$
Jan. 22
$
$
Official—
.297733*
.297733*
.297733*
.297733*
.297733*
Free
.251247*
.251247*
.251247*
.251247*
3.212133
Closed
3.212133
Discounts
3.212133
Belgian, franc
.022785
.022785
.022790
.054406
.054406
.054406
.054406
S.
advances
loans
Govt,
+
2,335
securities:
Bills
10,234,744
—546,312
—4,837,264
6,076,555
—r-160,400
Notes
—1.172,95?
1,497,950
Bonds
.022779
f:'
reserves
Certificates
3.212133
.022789
Brazil, cruzeiro
and
Trid"strial
U.
3.212133
ctf.
Other cash
.251247*
Australia, pound-
gold
3,731,166
.054406
+
+
1,142,650
+
351,145
2,977,770
Total U. S. Govt,
Official
1.000000
i""* 1.000000'
1.000000
.905000
Colombia, peso
.908281
.920546
.916796
.913671
.569900*
.569900*
.569900*
.570000*
.020060
.020060
.020060
Czechoslovakia, koruna
.020060
Denmark, krone
.208604
4.031250
France (Metropolitan) franc
India (British), rupee
:
•'
■•*«{*',*
,
•
'
'
1.000000
;.
;
-
-
-
1
■
.208604
.208604
.208604
4.031250
4.031250
4.031250
.008400
.008401
.008397
.008400
.301666
.301678
.301678
.301678
.205753
.205753
.205753
.205753
.376561
.376561
.376561
.376699
•
.
■'J"
r-
,
y"
—1,957,16$
and
F.
R.
foreign
notes
Uncollected
Bank
of
banks
other
95
banks—
items
premises
•
.
•
:-4;
*
assets
'
.376584
Fer>.
notes
—
1.000000
Free
'
Norway, krone
1.000000
.902500
—
3.225000
Portugal, escudo
U.
bank—reserve acct.
S.
Treasurer—gen.
Foreign
acct.
—
Sweden, krona
3.225000
1.000000
.914583
'
3.225000
.201595
.201595
.201595
.040091
.040097
.040072
.091324
.091324
.091324
.278264
Closed
.278257
.233628
.233628
4.007500
4.007500
+
1,635,04^
-241,636
17,334,455
—528,935
—
1,268,026
424,514
.
+
+449,110
—
+
31,858
—
200,4li
1,026.124
13,779
406,133
—
306,117
+
214,944
.278257
.
•
2,764,134
15,565
—125,462
+
—
+ 1,341,084
39,423
+
467,147
.278264
.233628
4.007500
liabilities
930
+
5,403
46,573,276
196,397
Capital Accounts—
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
—244.751
135
+ 1,613,215
~r
■
448,189
+
27.543
8,074
+
1
8,366
+
88
+
5,305
.233628
4.007500
Total
Other
capital
accounts
33,635
Total liabilities & cap. accts.
2,980
47,279,040
-241,636
+ 1,635,048
of
gold certificate re¬
serves, to deposit and F. R.
peso—
note
Controlled
.658300*
.658300*
Noncontrolledr
.562040*
.562040*
73,990
—157,782
19,515,554
deposits
availability items—
Other liab., incl. accrued divs.
Ratio
Uruguay,
+
450,550
.911250
3.225000
.091324
.233628
4.007500
.918125
3.225000
.040107
.278264
pound
598
5,879
24,278,023
488,559
Deferred
1.000000
.2015^5
.040107
.091324
Switzerland, franc
1.000000
.905625
Closed
.201595
Spain, peseta
Union of South Africa,
+
>
Newfoundland, dollar-
New Zealand, pound
+
Deposits:
yv
Official—
4,72
—
4
47,279,040
rteserve
ivieinDer,
"
•' .-'■>
+
14,486
48,733
Liabilities—
Total
v'y.
+
___
123,246
Other
«•
—
32,997
assets
Total
167,253
3,279,448
"
4.031250
.301678
—
' '
.
—1,889,79$
—350,471
from
Other
.205753
Netherlands, guilder
'
>
.208604
Closed
.008401
Mexico, peso-
—355,567
21,711,599
loans
.020060
.569800*
England, pound sterling—
21,540,415
securities-
Due
1.000000
Free
•
securities-
Total
Canada,dollar—
.658300*
'
.562040*
.658300*
.562040*
,y.
.658300*
.562040*
liabilities
Contingent
purchased
combined
to
make
+
0.4%
+
453
+
5.9%
bills
\
cor¬
respondents
Commitments
49.3%
2.951
liability on
for foreign
indus-
—
4,103
46
THE
(466)
COMM&kCIAL
&
CHRONICLE
FINANCIAL
Monday, January 26, 1948
OVER-THE-COUNTER SECURITIES
for Friday, January 23
Quotations
Obligations Of Government Agencies
Investing Companies
5.06
1>
IMi
10
1
Aeronautical Securities
Fund Inc
Affiliated
Bid
Pa*
Funds—
Mutual
Holding Corp
American Business Shares
Amerex
3.66
Ask
Loomis Sayles Mutual Fund
Loomis Sayles Second Fund
5.55
4.01
29 Mi
27 V*
Managed
43.24
Automobile
6.99
7.56
15.68
4%
5%
Blair & Co.
3V2
41/4
92.98
98.65
18.21
19.69
7.95
7.96
'c
Industries
General
shares
•
Boston Fund Inc
5
Bowling Green Fund Inc.
100
Broad Street Invest Co Inc—5
Bullock Fund Ltd—'__
-vl ^
Tr of America
>
15.34
1
;•
1
Inv Fund Ltd
Canadian
3.65
4.18
10c
23.04
14.41
Balanced
22.18
.10
5
Corp
Boston
First
Mutual Trust Fund
Fundamental Iavje^tors Inc
2
Fundamental Trust shares A__2
12.71
—
6.87
shares
5.81
5.32
Chemical
shares
6.04
Equipment
9.51
Series
9.60
8.24
9.95
10.57
11.22
10.60
11.62
7.31
8.01
9.70
7.92
2.64
shares
Bond
stock
4.15
4.49
4.33
1.56
:?9-39,
Inc
Foundation Fund
Income
1UC
5
Incorporated Investors
\
12.68
10
24.21
Inc—1
12.61
Invest Management Fund
B-3
B-4
K-l
K-2
S-l
1
(Speculative Bonds)
1
(Income pfd Stocks)—1
(Appreciation pfd Stks).l
(Quality commen Stks)_l
Stocks)__1
12.97
Priced
(Income
S-2
Bonds
com
Priced
(Low
com
Russell Berg
Fund Irtc
Sovereign
14.25
Bid
Par
Aetna
Surety—
1
1-48
12-
1
1.20%
1.35%
1-
1.15%
8-
1-47
5-
1-48
1.40%
1.25%
United States Treasury Bills
Bid
1948
5, 1948
13, 194819, 1948—
26, 1948
1948
2M»
—_1
February
February
February
10.14
;—;
1
,
Investors.:
4
March 4,
,4.0-97
1
''1, V
6.62
6.05
72c
42.25
72c
American
19.14
5.93
6.48
6.99
7.64
1
19.28
21.08
1
8.95
Series
10c
Investment
B_
C
Union Common Stock
Preferred
Union
Street
American
Fund B_1
Fund
Stock
Investing Corp
1
16.35
Par
17.85
1
14.69
15.80
1
Inc
Fund
New York
9.13::
7.18
7.87
Diversified
Trustee
E
Series
2.50
North
■
6.37
Trust—y—_______—10
Brooklyn Trust-;
100
Central Hanover Bank & Trust 20
Chase National Bank—____—15 •'
Chemical Bank & Trust.
10
2.28
<
;
Series 1956
2.55
M-:/;,.
Par
Bid
24%
■
461/4
571/2
18 Ms
19%
36V4
38%
11 Ms
12%
15 >/4
16%
Merchant
12%
Merch
10%
Convertible
preferred
Massachusetts Bonding
Fire Assur_.
1474
47
Cleveland
2074
2174
Casualty
17
19
National
29
6Va
(Detroit)
30
Dayton
27%
10
478
10
1Q
25%
2774
;
72
651/2
68%
*
Amsterdam
Brunswick
New
Hampshire Fire
Casualty
18
10
River__
;
66 Ms
Northeastern
31
2
28
5274
Pacific
Employees
V
lb
27 Ma
29%
0
68
49'/2
71
Kentucky
30
Ohio Public Service
Providence-Washington
145
150
10
46
49
Republic
Fireman's Pd of San Fran
10
90
93
Revere
-5
11%
2.50
23
2474
6%
Globe
2nd
Great
&
Rutgers Fire com
preferred
American
«/
Hartford
Fire
100
;
570
76%
10r!a
600
2074
101
-
51Ma
83.%:.
98
94%
Seaboard
10
I6M2
5
41 y2
•
>
•»
,
•
-
,
5%
89V2'
91
1
10Va
103a
pfd.100
lOiya
95*
103
.T
97
England
Gas & Elec—
100
90
93
Electric—
.-100
3.70%
preferred
50
Pitney Bowes 4M»% pfd—.
84
•87
4% %
preferred
3.50
97 Ma
•
100
preferred
49/4%". preferred—
1
I
-100
104 M*
'
4M4%
Gas
Transmsn
25
13
f
f 47
48
f 49
t"CL>
14
,
l.'i.
Co.—11
1QQ... 94.
preferred
95-V
r
"
TexSs'Eastern
L-
9
22V2
92
89;
45ft
preferred
'$2 preferred—
Si.90
25 "
•
Co
Carbon
Speer
„
103 Mi
:
8 Mi
f..
Tennessee
.100
82
79
Ask
lVz
/,
.
Robertshaw-Fltn Controls com_l
97
Bid
li
54
(Indiana)—
95
-
94
"Par
,
Transmission
"87/a
9
"A"—1 - - - 43«
West JDisinfecting common_^Oc : 14
Tucker
Corp
—
.
5%
1
i.
19%
Security
43%
Surety
New
Haven
Sprgfld Fire & Marine—
12%
i
69%-
-
'•72%
10
48
10
23%
10
42
'.44
32
50%
•
a
25%
Odd lot sale
10
10%'
82
Travelers
100
510
5
27%
287a
& Guaranty Co__2
4
U S Guarantee—
10
X48
in
r
year's
(not Included In year's range).
range)",
23%
77
Included
change,
.m
25Ms
pfd_100
29%
5
15
15
311/2
96V2
Connecticut 'Light & Power-
'
474
27%
New
.
->•
Appalachian Electric Power
4Mj%
preferred
3374
30
103
4'%%
Monongahela Pow 4.80% pfd 100
Fublic Service
3MiS—.1977
.86%.
47a
3174
_
St Paul Fire & Marine
25%
_10
& Lt
Ask
par
--
Pow
12Ms
191/4
23 Ms
Hartford Steamboiler lnspect-10
•
Stocks—
.'
48%,
—
Firs
__10
10
Hanover
Trust
103%
7%
72
( N Y).
5
Globe & Republic
12
Trust
Stocks—
Florida
99
,
94
Pacific Pwr & Light
(Texas)—
(Paul)
97V2
Philadelphia El Pwr 2%s— 1975
.1977
Toledo Edison Co 27/8S
~
Reinsurance Corp
95 Ma
94
103
97
127»
52%
10
20
-
States
41:
,72%,
9%
25
<fc
88
Trust_17*/4
National-
Guarantee
41^';
85
.
.1977
3s
46%
96
Indemnity Co
Phoenix J
Fidelity & Deposit of Md
Assn of Phila
Falls Fire
&
242
39%
25
Bank
,
52a8
236.
12V2
Harbor Plywood
103%
2%s__r_.197£
1174
Fire
Federal
Glens
Utilities
33
43%
Preferred Accidentia
& Marine
Bank
Kentucky Utilities 43/.%
:
r
33/aS__.1977
American Cladmetals
29%
-
19%
12.50
50%
Fire
50%
Pennsylvania
69%
.2.7%
Gibraltar
'
r
51
941/4
93 Mi
674
6
5
.
Northern
161/2
10
19%
10
Newark
Nat'l
United
Ask
100%
.1977
3s
Georgia Power & Lt
45
42%
Lt
5
10
of
Title
'48
—20
York Trust
Sterling
95%
103M2
i
103
Rub 25/as_-.1972
&
Power
10
New York Fire
Cum & Forster Inc
Fire
25
—
Security Issues
95 •-:/
103
1967
10
—
Pacific
Firemen's
,
,305
"
i
Florida
.
Franklin
16%
1,460
57s
_5
National Union Fire
North
5
General Reinsurance Corp
New
Public
73
-
39
Delaware
2
Liberty
New
67a
69
25
Fire
274
15%
(J P) & Co Inc—10o
National City
:■:/
17
Power & Light 3s__.1978
Pow & Lt 3VaS—.1977
28%
25%
4
National Fire
55%
26
2 Mi
Employers Reinsurance
10
100 1,420
Trust-
County
Morgan
.
18 Ma
14
1982
3s
Cudahy Packing 2%s
5
5
Y
111
Elec
Firestone Tire &
National
New
Group
54
70
2%s—.1977
Arkansas Pow & Lt
45
'
& Mfrs Fire N
54%
_lo
—25.
Casualty
42
52
i Bid/:
*13%
.
10
Continental
265
43 Mi
40
17 Ma
Bonds-
_1
10
17
Life
41M4
Guaranty
Irving Trust
"
Recent
5
Maryland Casualty common
Prior preferred
30%
City of New York
Connecticut General
Lawyers Trust
60%
15%
Fire
37
200
97
281/2
Camden
35
10
37
100 1,245
26%
.•
:
.
36
10
Shippers
Kings
20
Ask
—_5
'
Home
94
2 Mi
&
91
94
155
185
100
Trust
40
Manufacturers Trust Co
Co
Ask
Bid
140
100
Companies
33
Casualty_5
Boston
0.92%
0.94%
100
Trust
104
Bank & Trust-20
Empire Trust—
50
Federation Bank & Trust
10
__
Insur Co of North America—10
Fidelity &
Bankers
bO.98
National
38
Continental Bank & Trust—lo
3.16
Jersey Insurance of N Y—20
of Newark
Baltimore American
0.92%
0.92%
b0.99
Par
Fulton
Grace
370
99
Corn Exchange
.1
Series 1955
Trust
2.60
Shares—
Amer Trust
461/2
Re-Insurance
Automobile
92%
bo.97
bO.98
Ask
26
Bank of the Manhattan Co__10 ; 24 Mi
Bank of New York
100
355
7.30
•
/
Independence Trust Shares
5
Reserve
0
bo.97
City Banks & Trust Cos.
Commercial National Banx &
44
American
American Surety—
0.90%
Bid
Bankers
Shares—
441/4
American
American
—;
0.91%0.91%
*
Unit Type Trusts-
5
Equitable
__
,
21.55
17.51
Series
4
Automobile
American
American Casualty
.
Ask
bO 96
b0.9ti
March 11, 1948—
March*18, 1948March 25, 1948—
April 1, 1948
April 8. 1948
April 15, 1948
81c
20.90
Street
10
American Alliance
0.75%
0.82%
0.85%
0.87%
0.89%
45.25
Utilities
—25
Life
Bid
Ask
b0.90
b0.90
b0.93
b0.95
b0.95
b0.96
29,
April 22 1948
—10
Agricultural
1.50%
11-
1.25%
1.35%
47.58
—
Union Bond Fund series A
Ask
1.45%.
1.20%
1.15%
1-48
26.98
25.09
•
Fund Inc
new
Corp_*
Trusteed Industry Shares
25c
86
1.40%>
1.60%
1.65%
1.15%
1.30%
1.10%
17.35
83
1.55%
1-48
1-48
1.30%
1-48
2.90
—10
Insurance
Aetna
—10
2-48
9-
10-
1-48
Fiduciary Trust——
First National Bank
Aetna Casual &
8-
47
2-48
3-
4-
15.32
2.63
65c
State
Insurance
1.35%
3-
20
Amer Shares
Selected
5.44
1.30%.
1.50%
1-47
February
5
1
World Investment Trust
4.89
Fund
Knickerbocker
1.45%
1-48
1-47
January
1
Fund
Whitehall
11.33
4.16
1-48
7-
7-
11.02
Fund
Invest
25.50
Stks)_l
Stk)__l
6-
1-47
6- 2-47
Bcudder, Stevens & Clark
9.80
18.53
21.81
26.92
14.15
12.36
4.54
2-47
12-
1.10%
1.25%
8.43
Trading
&
(Geo)
28.41
1
S-3 (Appreciation com
S-4
*
1.15'
7.39
7.69
Wellington Fund.
27.20
23.37
15.90
8.98
16.98
19.99
24.68
(Low
6.74
10.06
Petroleum
Republic
Wall
Keystone Custodian Funds—
B-l
(Investment
Bonds)—I
B-2
(Medium Grade Bds)__l
__________
__—
Putnam
12.89
Co of America
y_-
Tobacco
26.31
92c' '
Ask
Bid
Due
Dated
1.15%
1.10%
5.71
5.21
equipment
Standard
and Bond Group shares
Stock
Investment
8.41
77c:
"
—
-
Steel
f
*
shares
shares..
shares
Group
Group
Insurance Group
1.10%
1.25%
5.84
Utility—
Railroad
9.22
85c
1.02
13.89
Aviation
Bank
1.25%
2-48
11.70
5.33
Public
Institutional Securities Ltd—
*
2-48
2-
15.43
10.68
Coast Invest Fund
Railroad
22.04
'*■
shades
Utility
Howe Plan Fund
2-
1-47
910-
5-1-47
8-
8.19
14.08
Pacific
5.16
4.43
4.88
4.68
1.60
shares
Tobacco
7.47
Oils
4.65
4.75
4.07
—
shares
shares
.0344
9.72
8.87
Metals
4.51
4.28
Equipment shares
Railroad
Steel
1949 wi
1,
1-1.00
7.30
2.42
shares
Petroleum
.9916
10.63
10.04
stock
5.35
RR
Feb.
Rate
Ask
Bid
Due
Dated
Rate
11.28
preferred stock
Diversified
Industry
Electrical equipment
4.92
Railroad
'UVsS
1.10%
12.30
10.29
Corporate bond series
6.07
7.12
.
.0407
,..9895
1,
1.10%
11.21
Diversified Investment Fund
Diversified
9.82
7.42
6.59
7.72
-
99.9791
Bid
Federal Intermediate Credit Bank Debentures
10.91
9.35
6.84
snares
1948
Apr.
t7/aS
9.03
Chemical
Industrial Machinery shares—
shares
tl%S Jan. 1, 1949
6.61
Bank stock
Insurance
shares
.9910
99.9781
100.0222
.100.0147
1948 Series K
t7/as June 1, 1948
.9708
99.9775
1, 1948 Seris J
.0142
.0233
Indebtedness—
8.14
Machinery
Merchandising
Price
July
100.0065
100.0088
10.60
9.67
5.54
Low
.9705
Us Oct 1,
10.52
6.03
7.43
7.72
Mining
.9702
1948-Series F
York Stocks Inc—
8.10
7.55
Merchandise
99.9573
i; 1948 Series Gj__ -99,9576
1. 1948 Series H
99.9579
3.99
7.47
6.96
Investing
1,
July
14.98
7.12
Institutional bond shares
Ask
;
July
t%s
3.93
3.52
13.97
Fund
5.10
shares
'
Ask
of
*7/aS Mar. 1, 1948
6.63
3.52
__
.0397
Us Oct.
5.64
5.96
Series
Bid
Indebtedness—
of
f7aS
.9907
% % 100.0213
1949_<__;—
Certificates
3.42
5.07
-
Administered
bond
4.84
3.08
Series
shares—
shares
Fully
General
•
4.38
Maturity-—' *'•
Certificates
.3085
7.08
Aviation
10.31
r f--
.
Price
Ask.
-
7.89
Automobile
6.56
Electrical
Food
7.28
7.14
Agriculture
8.42
—
,120%
t7/as
1,
tJan.
6.44
;
Series
Bid
SSept.,15, 1948—_. ^__w__l%% 100.2958»
_1% 99.97721
tOct.
1, 1948____.
1
New
6.31
5.78
7.76
9.56
1
Building supply-
Agricultural shares
Automobile shares—
Aviation
8.84
Dollar
Int. Rate
Maturity—
6.63
Selected Group
7.45
Building shares
12.87
13.92
Low Priced Com Stock Series-
5.34
.
14.10
Series
Bond
Stock
New England
Group Securities—
■».
12.90
----•
Series
Industrial
43.19
.
—10
-
Stock Series
6.31
40.17
4.98
Corp
General Investors Trust
Capital
11.62
—1
Stock
Preferred
13.93
5.46
•
1
General
100.6
J/.
U9%
1961
U< S. Certificates of Indebtedness
25.86
10.75
shares
Priced
Low
1.97
28
5.49
First
100.4
—
Issues'
Canal 3s
•w*
7.91
23.92
1
series
Bond
23.98
1.80
26
4.93
1949—
20,
Other
Panama
National Security Series—
24.64
15.40
Fidelity Fund Inc
*
Financial Industrial Fund Inc 10
7.22
1
2d Fund
National Investors Corp
Speculative
1
1
174s Jail.
98.12
101
4.61
shares
Mutual Invest Fund Inc
Eaton & Howard—
Fund
97.12
'
98
100.20
3.93
Income
Balanced
1,
4.75
Nation-Wide-/Securities-**
_—
100
4.53
4.31
*
shares
Common
4.85
100.2
99.26
4.47
—_
Mass Investors Trust
30.21
13.95
Aik
Bid
99.30
4.66
4.05
Steel
12.90
com—100 2,830
2,930
Preferred
100
141
146
Commonwealth Invest
1
5.47
5.95
Delaware Fund1
14.21
15.36
Dividend Shares
250
/ 1.35
1.49
Stock Fund
3£nds of a point
more
Home Loan Banks—
Manhattan Bond Fund Inc—
Securities
Christiana
or
1%S Apr. 15, 1948
1%s Sept. 15. 1948
100
4.55
Petroleum
17.98
28.10
; 97
1955-1953.
one
Federal
Ask
99.24
-
1953-1951
1,
3.56
Metals
Non-Ferrous
Mass Investors
Century Shares Trust
Chemical Fund
—
1,
Feb.
Paper shares
'
16.58
16.40
Jan.
2%s
4.11
Home Furnishings shares
Bond Inv
May
1%S
3.81
4s23
-
1%S
4.06
4.13
shares—
3.94
3.45
shares
Equipment
Bid
1950-1948
1952-1950——
1,
3.68
Drug : shares
;
Electrical Equipment shares—
14.43
Get.
3.57
3.98
Beneficial Corp.
Bank Bonds—
Federal Land
44.11
1 %s
m
Business
Fund Inc.Axe-Houghton Fund. B—;
Axe-Houghton
92.46
Funds—
8
8
1
Shares series' A_w/—
Ask
90.61
•
10
3.64
Associated Standard Oilstocks
Figures after decimal point represent
Bid
> P"
8%
27%
107
34%
Standard
Accident
2.50
d. When
Cash
Ek-interest,
sales--(not included
delivered,
w
i When
•
bBid yield price,
f Flat price,
in year's range),
issued,
x
Ex-dividend,
d Deferred delivery sales (not
k Admitted to listing on N. Y. Stock Ex*/ "
t Ex-stock dividend. . ,(Un) Unlisted issue. *
y Ex-rights,
z Ex-stock dividend..
47
'
Fire
Westchester Fire
w
525
45
U S Fidelity
U S
'
e
/ 65%
*
33%
51
•
68%
'3474
,
.
.•No
dividend.
par
value,
fin
default,
:
tThese bonds are subjeet to
all Federal taxes,
fEx-Iiquidatlng
Volume 167
Number 4667
THE COMMERCIAL
&
FINANCIAL
CHRONICLE
(467)
Week Ended
THE COURSE OF BANK CLEARINGS
Bank
clearings this week will show
increase
an
'
1948
third Federal Reserve
compared with
a
year
ago.
us, based upon telegraphic advices from the chief
indicate that for the week ended Saturday, Jan. 24,
clearings
Scranton
4.902,292
York
New York
$5,836,153,438
530,577,156
+ 15.9
960,000,000
Boston
686,000,000
'
+ 39.9
0.5
2,439,337
+
0.9
2,198,402
+
1,778,678
4,144,856
1.3
+
—
3,252,853
'I
1,535,178
8,408,350
4,765,806
3,378~600
1,039,881,934
6.1
801,837,993
678,204,255
5,320,880
6,506,348
6.066,265
179,959,748
304,526,304
28,052,500
4,154,235
276,814,992
+ 18.8
4,277,864
6,630,377
1,825,356
+
7.3
+
1.2
136,529,870
4,605,433
130.412.411
+
8.5
225,526,948
233,642,357
+
21.8
19,636,600
19,236,000
2.9
3,077,606
5,848,723
+ 13.4
5,254,021
292,746,331
4,332,249
260,618,191
+ 12.3
246,590,825
259.728.412
856,925,902
Mansfield
259,700,000
+ 15.4
789,349,595
+
8.6
641,936,750
654,238,028
Youngstown
310,997,000
.+ 12.7
207,650,557
+ 44.0
347,596,166
—
1,574,344
663,000,000
2,287,851
6.7
34,173,100
+ 25.8
218,982,511
+ 58.7
220,298,321
i...
2,454,388
773,000,000
—12.8
182,190,660
298,974,932
Baltimore—.
8.1
6.4
+ 18.9
+
—
6,625,883
330,524,851
Cleveland
392',748,068
160,366,094
+ 37.4
350,551,000
Pittsburgh
801,207
District—Cleveland—
Cincinnati
328,851,764
San Francisco
620,505
437,534
4,531,773
8,585,964
Ohio—Canton
299,800,000
Kansas City
888,398
507,384
743,221
8.5
976,868,500
(11 eitileal
494,000,394
St. Louis
$
5,775,534
Fourth Federal Reserve
+ 22.8
615,053,792
Philadelphia
;
1947
,
$7,165,351,653
Chicago
2,591,240
4,573,150
Total
1945
$
"9,164,490
Delaware—Wilmington
Clearings—Returns by Telegraph
1946
+ 22.2
+
4,876,094
2,556,888
Wilkes-Barre
New Jersey—Trenton
1948
3,537,870
Reading
parative summary for the week follows:
Week Ended Jan. 24
3,082,627
1,003,000.000
4,207,796
Philadelphia
•
or
3.9
+
753.852
1,049,298
3,333,012
939,000,000
Lancaster
_
Inc.
Dec. %
1,247.333
921,534
1,138,284
Chester
weekly clear¬
ings will: be 10.6 % above those of the
corresponding week last year. Our prelim¬
inary total stands at $14,973,344,399 against
$13,612,405,445 for the same week in
1947. At this center- there is a gain for the week
ended Friday of 22.8%. Our com¬
.Cleveland—---
1,295,520
Bethlehem
•for all cities of the United States from which it
is possible to obtain
$
District—Philadelphia-
Pennsylvania—Altoona
Preliminary figures compiled by
^cities of the country,
1947
$
47
Jan. 17
.
Columbus
Pennsylvania—Pittsburgh
Total
(7
cities)
—
2,281,166
Fifth Federal Reserve
District—Richmond—
Ten cities, five
days
$11,080,478,022
...
Other cities, five days
.
Total all cities, five
All
days
$8,879,989,816
+ 24.8
3,028,312,555
2,253,750,840
+ 34.4
$14,108,790,577 $11,133,740,656
cities, one day
864,553,822*-
...
-
2,478,664,789
West
Virginia—Huntington
$14,973,344,399
$13,612,405,445
Total
issue of next week.
our
today, inasmuch as the week
ends Saturday and the Saturday figures are not available at time of
going to press.
In the elaborate detailed
we
able
are
to
ended Jan. 17.
statement,
mowever,
which
For that week there
71,905,183
396,608,330
+
22,667,823
...
70,948,927'
Georgia—Atlanta
Augusta
236,400,000
Mobile
ing to the Federal Reserve Districts in which they are located and from this it
that in the New York District (including this city) the totals record
pears
District the totals register a decrease of 6.1 %
totals
are
-an
Grand
the
Kansas
City Reserve District has to
we
Wayne
+ 25.3
+ 20.9
1,924,968
1,739,654
57,099,473
51,510,684
58,750,714'
57,159,563
Week Ended Jan. 17
v
Des
+ 22.0
318,079
311,522
+ 10.2
86,953,665
91,362,693
578,392,560
+ 14.3
421,422,624
418,785,382
12 cities
York
1947
$
r
Inc. or
568,632,374
545,159,612
7,450,291,353
7.181,944,259
976,868,500
1,039,881,934
856,925,902
789,349,595
1946
Dec. %
.
$
1945
5,182,147
4.3
534,052,364
3.7
8,123,168,640
801,837,993
678,204,255
8.6
641,936*750
654,238,028
820,443
550,682
+ 15.2
8,251,276
6,844,835
+ 23.5
4,634,398
4,348,411
5,523,950
51,388,000
4,916,833
+ 18.5
4,195,895
3,261,381
7.4
40,483,000
+ 26.0
3,575,763
32,616.000
3,393,120
10,439,460
38,107,530
+
12,840,913
+ 11.5
12,178,246
60,591,277
+
1.8
49,524,889
4,113,086
3,513,603
+17.1
2,968,674
37,274,020
2,363,665
27,461,722
+ 35.7
21,267,721
' 17,881,716
15,859,441
14,485,154
4-23.4
8,301,335
1,703,447
1,017,305
+ 67.4
821,936
830,236,710
589,704
747,096,937
+ 11.1
631,363,239
4,123,839
549,565,779
3,428,752
+ 20.3
13,528,771
1,828,533
11,558,466
2,221,093
7,529,392
5,081,922
7,447,055
4,637,966
+
9.6
3,115,848
4,199,483
2,178,757
3,398,925
+ 23.6
2,297,425
1,997,772
1,083,576,927
970,445,251
+11.7
803,550,573
688,858,532
297,400,000
244,300,000
+ 21.7
214,700,000
137,919,271
185,400,000
129,459,786
+
6.5
88,836.064
103,307,832
84,205,829
92,510,356
1,922,031
+ 11.7
2,068,221
57,727,884
7.6
65,802,062
1,198,174
540,695,324
Moines
,
468,192,173
+15.5
370,536,300
328,201,668
+ 11.5
5,337,098
239,626,428
59,697,285
4,395,340
4,074,773
155,499,568
49,524,610
—
—,
*
.
Springfield
Total
6,842,714,915
6.1
—12.8
6,178,112
(17
cities)
+ 17.0
7,476,407
447,236,777
+
1,559,147
10,848,189
14,320,198
$
+
u
12
4,236,297
61,673,446
Rapids
Peoria
CLEARINGS
$
1st Boston
New
BANK
2,763,265
+ 34.4
6,197,134
Haute
Sioux*City
by Federal Reserve Districts:
1948
Federal Reserve Districts
2d
OF
4.8
+
6,422,492
6,543,691
Rockford
SUMMARY
2,647,031
391,593
116,056,989
55,209,000
Chicago
a summary
42,781,834
149,600,000
7,631,367
Illinois—Bloomington
furnish
16,374,020
41,643,529
151,600,000
1,359,681
Decatur
following
16,248,868
9.8
+ 20.1
12,499,416
„
_
Bend
Iowa—Cedar
Reserve District of 17.2%.
In the
+ 24,9
+
District—Chicago-
Wisconsin—Milwaukee
its
gain of 22.2%, the Dallas Reserve District of 30.7% and-the San .Francisco
a
18,155,110
64,602,507
196,900,000
661,080,172
Arbor
Rapids
South
Reserve District of 15.5% and in the Min¬
The
294,453,062
526,340
"cities)
Lansing
Indiana—Fort
Indianapolis
Terre
Louis
improvement of11,7 %; ir£the St;
credit
in
and
(10
Michigan—Ann
In the Chicago Reserve District the totals show
neapolis Reserve District of 25.5%.
327,941,052
127,851,066
Seventh Federal Reserve
increase
an
Philadelphia Reserve
larger by 8J5%, in the Richmond Reserve District by 9.9%
Atlanta Reserve District by 14.3%.
9.9
ap¬
In the Cleveland Reserve District the
.
39,522,328
7,836,074
Total
We group the cities accord¬
of 3.7% and in the Boston Reserve District of
4.3%, but in the
163,898,637
60,785,794
+ 16.8
Mississippi—Vicksburg
gain of 3.9%.
178,058,957
3,934,675
96,157,019
Louisiana—New Orleans
a
2,818,985
9.0
9.8
3,278,952
76,900,646
91,749,596
89,798,186
Alabama—Birmingham
Outside of this city there was a gain of 14.9% the bank
clearings at this center having recorded
2,650,810
+
3,963,527
t-
Florida—Jacksonville
in the
week in 1947.
+ 26.5
+
4,931,210
-i
,
previous—the week
ings for the whole country having amounted to $14,977,453,037 against
$13,698,595,018
same
5,837,000
Sixth Federal Reserve
District—Atlanta—
increase of 9.7%, the aggregate of clear¬
was an
3,123,823
200,814,003
435,839,901
(6 Cities)
Macon
week
3,951,327
Nashville
present further below
we
give final and complete results for the
80,923,293
78,934,528
Columbia—Washington..
Tennessee—Knoxvllle
has to be estimated.
cases
1,452,819
7,270,000
77,107,579
8.0
appear
We cannot furnish them
Accordingly, in the above, the last day of the week in all
2,067,912
+ 40.9
+
+ 10.0
Complete and exact details for the week covered by the foregoing will
in
+ 34.7
9,332,000
109,083,050
218,810,833
Maryland—Baltimore
of
2,350,271
13,148,000
117,829,704
South Carolina—Charleston
+ 26.7
—65.1
District
Total all cities for week
3,165,509
Virginia—Norfolk
Richmond
Eighth Federal .Reserve District—St. Louis-
'
Id
Philadelphia
M
11
-
4th
Cleveland
7
5th
Richmond
;!v
6
8th Atlanta
10
\ 7th Chicago
17
•th
St.
9th
Minneapolis
10th
Louis—
:,.;4
7
Kansas City
11th Dallas
12th
San
10
8
^
Francisco
10
—
.v
—
+
435,839,901
396,608,330
+
661,080,172
578,392,560
+ 14.3
1,083,576,927
970,445,251
+ 11.7
-
9.9
327,941,052
V:
Missouri—St. Louis
Kentucky—Louisville
294,453,062
it
I
421,422,624
418,785,382
<•
n
803,550,573
Total
688,858,532
540,695,324
468,192,173
+ 15.5
370,536,300
350,396,004
+ 25.5
319,669,539
223,039,549
553,896,775
453,236.604
+ 22.2
364,323,581
314,531,993
322,153,108
246,468,550
+ 30.7
163,076,492
154,946,233
795^435,246;;
678,520,146
+ 17.2
580,656,406
533,985,688
Total
*
Ninth Federal Reserve
88
:>;£
..
.
14,977,453,037
City
13,698,595,018
7,797)734,132;
.
9.7
13,452,172,314
+ 14.9
5,552,166,706
+
6,705,518,503.
;
District—Minneapolis—
Minnesota—Duluth
88
—--
Outside New York
St.
11,579,196,082
South
We
.
-
,add
now
+
8,188,229
Dakota—Aberdeen
Total
detailed statement showing^the figures for each 'city for the
our
85,305,132
6,363,916
3,869,082
Dakota—Fargo
5,830,602
237,569,142
93,467,955
Paul
+ 31.7
9.6
+ 28.7
4,137,176
+
3,059,345
+ 30.3
2,843,940
2,047,016
1,723,518
8,520,839
+ 28.1
5,722,432
6.089,760
439,807,026
1
(7 Cities)
3,747,028
3,987,022
10,911,552
Montana—Billings
.4,916,120,247
.
6,503,284
312,879,902
Minneapolis
Helena
,,
867,955
328,201,668
439,807,026
(4 cities)
+
ۥ
II
North
:
;
Tennessee—Memphis
Illinois—Quincy
350,396,004
+ 25.5
319,669,539
223,039,549
3.3
1,990,144
week ended Jan. 17 for four years:
Tenth Federal Reserve
Week Ended Jan. 17
District—Kansas City—
'
1948
i
Clearings
1947
$
•
$
Inc.
or
/
First Federal Reserve District—Boston
Main©—Bangor
■
r
7;'*&
•P>U
•
<
;Riv,et:U--r. j'/y
,"'V
; + l2.S
l+';4i5
;
!
897,038; —10.4
1,083,454
-
;
1,117,520
530,347
7,113,6?7
+ 33.3
6,732,969
Hampshire—Manchester
;
.
8.2
4,7121329
—
City__
21,405^336
,15,493,701
12,305,898
+
3.0
8,535)376
7,047,037
32,911,400; -—13.8
27,534(000
V 20,618,800
1,408,321
,
568,632,374
+
71,168,754
+ 20.5
899*,805^
628,603
545,159,612
+
4.3
534,052,364
447,236,777
Second-Federal Reserve District—New York—
York—Albany
51,77 Q.159
i Blnghamton
r,
.
iv...
-f; Rlmlra
Now
L:
7,179.718,905
24,696,091
2,456,417,
1(936,291
75,163,833
68,157,000
.
+ 12.4
.11,988,913
.
1,260,305
1,275,687
+ 21.8
1,372,793
i^8i;580
6,91.3,076,515
7,900,005,608
6,663,075,835
.+ 12.4
16,336,096
14,740,842
0.8
10,247,173
7,254,594
10,558,212
+ 15.0
10,025,609
7,969,040
964,949
844,575
+ 14.3
45,QE5,Q0«
42,299,622
15,145,715
•
Jersey—Montclair
'
*
+
20,443,235
A
12,634,004
;
—
Northern New Jersey
(12 cities).
+ 22.5
+ 24.3
222,073
74,772,350
+
2,960,454
8,948,108
212,723,306
7,913,908
*
2,377,063
1,871,085
+ 27.0
8,561,343
1,865,194
2,052,798
1,526,070
+ 34.5
1,444,588
553,896,775
(10 cities)
453,236,604
+ 22.2
364,323,581
314,531,993
6,837,535
198,677,000
+
8.5
+ 33.1
4,288,537
132,154,000
128,600,000
+ 21.6
14,753,622
13,997,845
1,233,242
>
1,049,045
Eleventh Federal Reserve
District—Dallas-
Texas—Austin
Dallas
7,415,554
■
Fort Worth
264,472,000
29,902,679
I..
Wichita
+
1.5*
f>4,0R1,570
53,580,739
+
0.9
841,373
530,791
35,353,915
26,720,849
7,450,291,353
7,181,944,259
+
3.7,
45,409,427
8,123,168,640
24,597,133
2,537,464
5,671,000
4,805,000
+ 18.0
3,779,935
3,136,000
3,105,500
2,845,140
8,706,742
+ 32.9
2,002,117
10,911,940
1,313,054
+ 25.3
6,742,216
5,392,370
322,153,108
246,468,550
+30.7
163,076,492
154,946,233
.
Falls
(6 cities)
Twelfth Federal Reserve
District—San Francisco
Washington—Seattle
105,032,446
Utah—Salt Lake City
California—Long
:a
Beach
San
:
6,842,714,915
,
Grand Total (112 cities)
New York
61,620,703
46,577,602
+ 32.3
38,919,115
35,747,661
12,873,443
—
87,346,970
5.9
10,147,693
93,744,297
11,010,953
9,594,767
+ 17.6
7,292,149
6,140,948
380,885,109
+
9.8
336,712,181
289,242,000
12,590,153
+
4.3
8,303,392
6,522,209
3,291,201
3,090,114
4,996,345
Stockton
Outside
79,664,017
3.7
13,136,756
Jose
(10 cities)
2,967,347
77,623,267
+
—
11,280,323
Santa Barbara
40,951,882
3,868,506
+ 59.6
4,316,807
418.056,517
Francisco
Total
6.8
98,030,461
12,108,587
Pasadena
San
101,267,131
4,024,722
156,410,805
Yakima
Oregon—Portland
•
'
J
297,641,180
12,192,316
9,605,896
243,440,336
252,064
8,410,524
:
>
+ 13.6
I s 1,690,592
,
9.7
3.9
1?,R1fi,QS4
....
Connecticut—Stamford
Total
39.8
+
'
55,075,054
.
Nowp.rk
39,4.76,573
.2,802,633'
1,899,449
^422,182
Ror.hMt.er
New
.
82,548,646
—
York-.
Syracuse
v
......
Jamestown
4,509,280
+ 22.8
pueblo
Total
1,071,SSfi.
Riiffnln
+ 16.9
15,159,521
Louisiana—Shreveport
New
+ 22.0
6,962,642
12,059,288
Colorado—Colorado Springs—
Galveston
.
4,396,196
+
3,522,540
+ 10.1
28,360,400
■v
313,311
4,881,652
89,290,319
St. Joseph
4,822,347
5,642,117
22:822,917
12,680,630
-,
472,909
9.3
8,137,349
14,805,169
364,750,408
—
,
Missouri—Kansas
v
Total
.25,125,591
""
.
+ 17.4
7,425,321
112,539,530
1,684,641
•
+ 23.7
6,102,435
IsIand—Provldence;.»'
+ 20.3
627,092
8,114,424
137,292,203
——«
Wichita
'
701,650
1,602,436
392,080
736,080
Kansas—Topeka'
8,619,162
387*068,625
1,458,203;
2.15M47 •
.
471,760
Omaha
455.536,693/
1(986,850: •+16:4
...
■'
Hastings
Lincoln
;3^796;766:
;
Nebraska—Fremont
$
'J
1,13^801
+ 30.1
v
.451,853,976
,9,480,724
■
New H^veh—-
New
472,233,935
2;661,U18
.
'Worcester..
Rhode
1,990,422
4;315,106
$..
i
-V'
'
,
Connecticut—Hartford-.-..^.:
''
2,590,101
.803,853.
Bedford
I Springfield
v
v
2,311,978
Lowell'.....,
New
A
4,873,188
Portland
Massachusetts—Boston"'--^—"
1945
1946;+.
Dec. r/o
•
4,030,842
+ 24.0-
8,768,042
8,353,831
+
795,435,246
678,520,146
14,977,453,037
7,797,734,132
13,698,595,018
6,785,518,503
-
5.0
7,151,932
5,856,142
+ 17.2
580,656,406
533,985,688
9.7
13,452,172,314
11,579.196,082
+ 14.9
5,552,166,706
4,916,120,247
+
48
&
THE COMMERCIAL
(468)
)V.:
Company and Issue—
Condition Statement of Member Banks
principal changes for the week end¬
balances
Federal Reserve Banks and $343,000,000 in demand
shows the following
Increases of $325,000,000 in reserve
ed Jan. 14:
with
deposits adjusted.
Commercial, industrial, and agricultural
creased in nearly all districts and the total
loans in¬
increase at
all reporting member banks was $52,000,000. Loans for
purchasing or carrying United States Government and
securities decreased $92,000,000. Real estate loans
and "other loans" increased $21,000,000 and $30,000,000,
7 other
respectively.
V*
Holdings of Treasury bills decreased $235,000,000 in
New York City and increased in nearly all other dis¬
tricts; there was a net increase of $29,000,000 at all re¬
porting member banks. Holdings of Treasury certificates
of indebtedness decreased $58,000,000 in the City of Chi¬
cago and $60,000,000 at all reporting member banks.
Holdings of Treasury notes and of United States Govern¬
>
.
:
_
and $6,000,000, respec¬
ment bonds decreased $18,000,000
7*
tively.
777-
7':
'; '7
,7
..
7;;
increased in nearly all dis¬
tricts, the principal increases being $97,000,000 in the
Chicago District, $55,000,000 in New York City, $54,000,r"; 000 in the Boston District, and $41,000,000 in the Dallas
District. United States Government deposits decreased
Demand deposits adjusted
'
1
,7
1st
Packing Corp.,
Realty Co., Ltd.
1st mortgage 4s, series A,
Eaton
(T.)
Crown
15
1
77'.' 44
Davis
30
77
Dayton Power & Light, common....!
33/4%
preferred A (quar.)
2%%
preferred B
(quar.)
43
$2
44
251
16
1
153
Electric
Butte
48
1
1
155
1
26
153
5%:
Page
-i
liabilities of reporting
member banks follows:
y77'■'"■■y'i
7.
,
....1
_y
.
.'
•
Inc. (+) or
Dec. (—) Since
•
'■ >
Jan. 14,
"
7-
•
'
Jan. 7,
Jan. 15,
1948
1948
1947
(In millions of dollars)
'
■'
7Vri:v 777'?
investment—total
Assets—
ILoans
and
•.<;
65,083
-
industrial,
Commercial,
—
-
-
_
54
+
14
for
dealers
and
brokers
to
6Vt
U.
426
loans
Dun
$6
8
964
+
+
147
+
3
+
Treasury bills
2,060
29
Treasury certificates of indebtedness.
3.327
36
301*
+
Dther
vault.
in
Cash
—
......
+
305
325
+
842
____
.
—
1.039
—
13
+
1,166
+
83
—
13.051
Reserve Banks
599
—
6
—
4,258
927
2,973
—
18
—
29,392
671
+ ':
60
—
2,808
Federal
with
—
____________
.
securities
Reserve
...
—
__
bonds..
S.
___________
....
__
Treasury notes
U.
.".3
—
■
15
2,551'
domestic banks—
with
Balance
U.
19
:
demand
Interbank
banks
Borrowings
343
+
2,133
8
+
+
497
—
597
48
—
1,073
—
_
_
_
59
Autocar
1,351
+
5
+
13
5 7c
90
38
—
13
—
♦Jan.
7
(initial)
America
of
Co.
Canteen
Collieries
Locomotive Works,
Corp.
7%
pfd.
1st
Fine
Berkshire
Common
ing tenders, and the page number gives the location
which the details were given in the "Chronicle."
Berland
(accum.)__
Class
-_s
$1.20 preferred (quar.)
Mills, Ltd. (quar.)
Inc.,
Hill
Falls
Co.
NOTICE
OF
Butler
TENDER
Date
Company and Issue—
Cities
American
Blum
(Philip)
Pacific
Chicago
Great
Western Railway—
mortgage 4V4%
3V2S
♦
Feb 16
^Feb 16
Feb 16
Feb 16
Feb 16
!<__Feb 16
♦
♦
mortgage
1st
mortgage
4s
Mar
due 2038
1950
1951
__
1951.
of
3V/2s
Extended
of 1951
3s of
1951—
1st. mortgage 3V2S
Western
Lines
Sterling
1st
Division
Louis
1st
mortgage
3V2s of
mortgage
3s
Litchfield
of
Division
Division
Omaha
:
1951
4s of 1951
Division
-7'' •;7*'
1951—.
mortgage
3s
mortgage
3s
of
3V2S of
of
1951
•
__Feb
1951
1951.,.
_______
♦
♦
•
*
16
*
Feb 16
—Feb 16
Purchased
lines
Collateral
trust
1st
mortgage
4s
1st
4s
of
of
Louisville Division
1951—
mortgage 3V2S,
4s
Root
Petroleum
Coal,
General
—Feb 16
.Feb 16
♦
*
of
due
1952
Feb
1952—
1953—
,
:
capital
1
16
♦
*
♦
*
9
254
——Feb 20
292
Feb
preferred stock
stock
Co.,
Iron
♦
16
Feb 16
Feb 16
__Feb 16>:
—
;
♦
Feb 16
:
1st mtge 3M>s of 1953_Feb
& Terminal
Refunding 4s of 1955
Refunding 5s of 1955
Lit Brothers,
preferred stock
Mathieson Alkali Works (Inc.),
Tennessee
♦
& RR, Co.—
bonds,
mortgage
preferred
158
.
-"'■'7
PARTIAL REDEMPTION
Company and Issue—
;
,
f
Borough Gas Co., 1st mtge.
Carolina, Clinchfield & Ohio Ry.—
Brooklyn
1st
mortgage
Centml
1st
Maine
and
4s.
series A,
Pnwer
'
;
77V-.
77'
Date
1
3VsS, due 1970—Feb
1
due 1965.--^-—^--———Mar
\V
Page
42
^;;248
Co.—
general mortgage 3'/aS, series L, due
1970—Feb
•
2
151
1-20
57c
1-20
Life
States
1
1
!
1-23
33-
Safeway, Ltd., 4V2% pfd. (quar.)
f$1.121/2
Foreign Investment Corp., Ltd.—
Quarterly
>
$75c
Castle (A. M.) & Co. (quar.)
——50c
Central Foundry, 5%
conv. pfd. (quar.)...
$1.25"
Central Louisiana Electric Co.
(quar.)
...
40c
Chattahoochee- & Gulf RR. Co. (s-a)
>;
$1.25
1
1
3-
Cherry-Burrell
Corp.,
L--7,
common..::..
35c
$1
$1
50c
'
4%
preferred
(quar.)
—:
4'Jo
preferred (series of 1947)
Chesapeake Corp. of Virginia
(quar.)
Chicago Wilmington & Franklin Coal Co
;50c
Cinzano,
Ltd..
5 V2 r'o
Investing
City
"title
Co
Cochrane-Dunlop
Class
$1.20
Collyer
A
4lA%
&
(quar.)
Consolidated Bakeries
of
Life
1-28
Massachusetts Bonding-& Insurance
1-31
1-28
Mead
2-16
2-
2-16
1-22
1-
5
i20c
2-15
1-31
2-15
1-31
30c
2-1
•
1-24
Investors, Ltd., class A
Corp.
(quar.)
Cosmos Imperial Mills, Ltd.
(increased)
2-
2
1-15
1
3-
2-28
1-27
45c
1-30
1-19
1-15
3-
1
2-10
$3
1-30
7
2-14
1-31
1-31
1-23
1-31 "
75c
20c
25c
$1.75
t75c
1-13
1-16
1-16
1-16
'
4-1
J13c
1-16
i
2- 2
1-31
2- 1
2- 1
3-15
$44c
3-15
2-13
3-15
75c
2-16
2-13
v;
2- 2
50c
3- 1
2-16
.
.
.
.
Motor Specialties Co.—
class
$2
A
Nation-Wide
(quar.)
Securities Co.
Co
National
Acme
Container
National
1
Paper & Type
-
UVuCJ35c
J25c
.v;:;
(quarJ:
"
(quar.)___
common
(quar,)
National
;
"
—
Ltd. .(quar.)
Ltd.,
2-20
1-14
—
-
(quar.)
Investors Service, Inc.—
participating preference (quar.)
Muskegon
6
4-
J50c
...
60c
2c
,
preferred
2-3
2-3
2-3
1-23
Moody's
(quar.)
(Toronto)
7
Bakeries,
common..
prior preferred (quar.).—
preferred
(quar.)
7e/r
2- 2
3-1
3-1
3-1
15c
Michigan
Corporate
preferred
!___
2
j$2
Extra
(quar.).,.
Co.,
!71-20
2-16
50c
$1.06'A
50c
Products
Cottons,
2- 5
2-13
2-25
i 1-31
3-20
30c :
40c
(quar.).
Special
(J.. S.)
1t31
2-16
2-25
3-10
2-20
4- 1
2- 2
25c
(quar.)
2-
Co.—
Cory
4V2convertible
(Seattle)
Corporation, common
4V\rc
preferred (quar.)
$2 2nd preferred (quar.)
$7
2-16
25c
1-31
Montreal
2- 1
$1..25
Metropolitan Storage Warehouse Co.
Annual
Cribben & Sexton Co.—
(quar.)
(quar.)
common
Frank Co.
2-15
30c
150
(quar.)
Bancorporation
Metal-Glass
1-30
$2.50
Co.
Co.
&
Corp.,
2- 1
—
(s-a)—.——_1—:___
R.)
(P.
Mitchell
2-10
2- 6
3- 1
2-28
3- 8
$3.50
1-28
$1
2-9
RR.—
River
1-31
1
3-1
$1
(s-a)
preferred
&
1-23
2-18
$1
25c
1-12
Meier
1-31
1-31
2-28
■
20c
1-31
5
2-14
i
(quar.)
1
1-23
2-11
29c
50c
in
(s-a)
preferred
Marine
1-31
2-28
$4
Co.
3-15
;
Insurance
Co.
Brooklyn
(quar.)
Lynch Corp.
Mackintosh-Hemphill
5%
2-10
2-20
Inc.—
3-
$1.06
(quar.)
Insurance
of
Bank
Missouri
&
Marathon
2-20
35c
________
guaranteed
Maliory
2-27
8c
(quar.)
2-
Canada, Ltd.—
Continental American Life
Products
Louisville Henderson & St. Louis Ry
\
2-27
10c
(quar.)
1-30
1-31
3-13
3-13
(irreg.).
(quar.)
5 '/c
2-27
26c
(quar.)___
interest
3-31
:
Ltd.
Co.
2-16
125c
Co.,
|3c
—
Inc.
7f)'c
3-20
50c
3-15
Quarterly
Glass
(interim)
1-23
'
Electric
$1.25
25c
J371/2c
(quar.)__.
?30c
(quar.)
Wire (quar.)
preferred
1-20
1-20
3- 1
3- 5
2- 6
v
Ohio
2-1
2- 1
3-15
2
I
Southern
$1
common
—
2-
Co.
(quar.)
Insulated
Columbus
1-30
2-24
fquar.).
Hardware, Ltd.—
preference
2-10
15c
:
(s-a)
Insurance
1-15
2-27
5Cc
50c
:
'
2- 3*
1-31
15c
■
_J
class A
preferred
City
1
•
2-16
3-12
75c
t8c
<
Copper Co
3-8
3-8
lOc
2%%
Extra
4-1
4- 1
SI.25
1
2
2- 5»
3-10
13%c
2-14
2-
3-20
50c
Oil
Clay
Gas
Common
3-
2-20
2-20
(quar.)__
(Maine),
Mines
Groceterias,
Star
Lone
1
2-10
2-5
3- 1
______
beneficial
of
preferred
Loblaw
2-14
4-
2-6
3-1
.Lanston Monotype Machine Co. (quar.)_____
Le Tourneau (R. G.), Inc., $4 pfd. (quar.).
,
1
3-
3-8
18c
—
Wire
Laboiatories,
$1.16
:l:
1
3-15
3- 2
______
National
(s-a I
Lakeside
Louisiana
3-15
2- 3
3-26
_■
Liggett & Myers Tobacco
50c
—
f.
N.
1-23
2-
Certificates
2-14
2-
2-26
Fund—
Lafayette
2-13
30c
(irreg.)
pfd.
conv.
Yards
Cotton
Knickbocker
2
1
1-20
2-20
2-20
15c
—
Kingsbury
2
5
2
37Vic
(s-a)___
Gold
2-16
3-
2-
$1.06l/4
(quar.)
(quar.)
Laclede-Christy
3-
25c
t40c
55c
Steel &
2-20
4
50c
Industries—
Extra
Insurance—
:
Addison
1
2-
1
10c
(accum.)
Stock
City
Keystone
1-21
1
1
3- 1
3- 1
2- 2
3- 1
3- 1
$1.25
25c
"
—
Kokenge—
&
1-31
3-
1-20
2-18
2-18
1-15
______
Co.,
1-31
2-
1-20
2-
common
(quar.)
Johnson
-16
2-
2-24
2- 1
(quar.)__
Metal
-16
2-13
3-15
________
(Julius) & Co.
Kelvinator of Canada, Ltd..
2
$1
43%c
(quar.)
Co.
preferred
Kerr
3-15
$1
,
H2V2C
25c
87'/2c
(quar.)
Kayser
Insurance—
—.
Co.,
preferred
(quar.)
&
Kansas
50c
Continental
7'
Title
(quar.)
(quar.)
Consumers
1951.———-——Jan 26
due
1
Julian
Canadian
Chile
;
1st- mortgage 5s of 1951
UVwlst mortgage 3V2S of 1951
2-
2-16
Corp..:
A
1
3-
$$1
Ironer
1-15
-31
2-16
2-10
2-24
.
(quar.),_
class
(quar.)
Car
preferred
2
2-16
Special
7";7\'7:"77
16
16
16
16
5%
Ironite
2-
l
3-15
$ 1.37Va
.'
(quar.)
pfd.
Ltd.,
1-15
3- 1
3- 1
25c
.
preferred
Johnson
2-16
(quar.)...
Semi-annual
*
♦
Chicago, St. Louis & New Orleans RR.—
-.'Memphis Division
Power
preferred
<
(quar.)
$$1.12'/2
International Railways of Central America—
3'J
1
Canada
*
Feb
Feb
Feb
...Feb
—1—
>
.*
T/o
*
*
':
Feb 16
1951—
1st
1st
~t
of
Terminal—
&
1st
Springfield
_______
mortgage
Pacific
Common
preferred
Timber
&
California-Western
bonds,
of
of
4s
1st
St.
1
247
151
Land
Ele-ctric
California
245
Central RR.—
Sterling
Sterling
;
3
—Jan 27
1
1949__Mar
4Vi%
Brothers.
Calaveras
California
Page
Light Corp., class B stock-._Mar
&
Inc., common stock...
1st ref. mtge. bonds, due
Co.,
Ry.,
income
General
7 Elinois
Power
&
Central
:
—
A
4V2It
1
2-
3-15
3-15
t22V'2c
(quar.)____,
preference (quar.) _______
Insurance (Bait.)
(s-a)__
Fire
Motor
Class
1-30
1
2- 2
25c3-
(quar.)
5!4%
Co..
International
2-13
50c
15c
(quar.)
Buda Company
Co.,
P.)
Zinc
3-6
30c
J25c
i5c
30c
+30c
15c
20c
$1.12V2
preferred (quar.)
.__•—_
(quar.)_.
Sons, Ltd., class A (quar.)
(interim).
Silk
Bruck
2-13
35c
$1.25
&
Stores
convertible
2-16
2-16
1-30
1-22
1-22
1-29
1-29
7V2c
15c
(quar.)_
common
1
Bay Mining & Smelting Co.. Ltd.—
Illinois
3-25
2-
1-21
2-14
75c
(quar.Vi.
Indianapolis Bond & Share Corp.
Inc.—
Stores
(Johni
B
Bowser,
Buck
(quar.)„
Associates,
2-21
25c
Increased
2-16
3-
2-15
60c
(quar.)
Hydraulic Press Mfg.—
2-13
4-
75c
$1.50
25c
(quar.)
Shoe
Bertram
in
pfd.
6%
Spinning
convertible
$5
and common stocks called for redemption,
those 'called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
preferred
including
<
Tool,
preferred (quar.)
preferred (quar.)
prior
Inc.,
preferred
Hudson
2-13
3-
2-26
1-30
$2
Electrochemical
$4.25
2-18
2-16
Co.
Co., 5% preferred (quar.)
Hotels Corp., common (quar.)
6'k
3-
1
40c
Dock
convertible
Hooker
1-15
$1.05
10c
6c
50c
$3
(s-ai—
quar.)
(increased
Co.
Belding Heminway (Del.)
list of corporate bonds, notes,
a
3-
1-17
3-
2-17
$1.75
preferred
Chemical Corp., common.
preferred (quar.)__;
Hudson
2
2
$2
quar. 1
Homestead
1
25c
(s-a)__
<A)
1-31
1-17
2-
50c
Underwriters.________
&
preferred
convertible
(J.
vj
2-16
2- 2
(s-a)__
________________
common........
Apartments—
Beaux-Arts
$6
Below will be found
Oil
Machine
Bausch
$3
2-
3-
Y.i
Ltd.
ZVz'/o
1-22
2
3-
—
1
2-14
2-18
50c
Co..
1-3D
2-16
2-18
2- 6
25c
$1
25c
40c
Co.,
Heydon
2-13
3-15
•* u
'
(s-a>
Watch
4c'i
3-1
3-1
3- 1
2-16 '
$1.12V2
v
Light—
Brothers
Hilton
1-31
1-20
2-27
1-21
:
Hartz
6
2-
pfd. (quar.)
(quar.):——
____
Gas
A
Higbce
2-6
2- 2
3-10
4flc
Cotton
6
P
7%
Co.
Products,
4'/r
3-1
50c
4»/4%
(N.
Life
Dredge
(D.)
1-19
3-10
2- 2
4- 1
$1.75
(quar.)
(s-a>
(extral
Knight,
non-cum.
Ha'.c
6
2-
25c
25c
25c
25c
(quar.)_
(quar.t*
Insurance
American
Barnsdall
Redemption Galls and Sinking Fund
2-
1
25c
,
Extra
Notices
&
Lakes
):•
1-27
.1-31'
•
15c
Co.
American
1-20
3-15
75C|
(s-a)_
Bank
T.)
1-20
;
77;^7'^ '7'
'
$1.50
(accum.)
Hamilton
Company—
Baltimore
(New York District).
revised
figures
1
7
$2.50
;
^1-23
4- 1
.
:
_—
(W.
Class
Ltd.—
Ayshire
20,665
2-
3-
3-
pfd.
common
Corp.
National
5
3-
3"
7'/o
Co.,
/
/ 1-30
50c
^
Greenfield
2-18
1
25c
(quar.)
(quar.)
series B conv. preferred (quar.)—__
conv. preferred series C (quar.) _____
5%
_
3-
25c
65c
preferred
Insurance
Great
5
3-
3-15
3-15
$1.50
(increased)
Co.
Refining
Baldwin
week
during
35c
(monthly)
Telephone Co.,
Automatic
Co.
Metals
Harris
3-
65c
25c
v
(irreg.)!
RR.
6
2- 6
3-10
4- 1
4- 1
4- 1
2-1
1-30
30c
(quar.):
(quar.)
(qrar.)
Grace
2-16
$1.25
series A conv. preferred
5%
1
1-24
2-15
2- 6
2-20
3-19
3-1
3- 1.
30c
preferred
Home
3 -16"
3-
8-10
$1.25
$1.1428
A_
California
of
Trailer
Grant
1-22
1
12 Vic
50c
62lic
> v 75c
10o»;
3Cc
(irreg.)—
&
preferred
+
Govt,
S.
Pulley
Co.
Associated
7
accounts except
accounts,
deposit
U.
preferred
Products
Home
Oil
Ashland
+
_
.....
and
87V2C
2
4-
9- 1
2- 2
3- 1
2-16
$1.12Va
(accum.)
A
Hamilton
2-
75c
-
12'/2C
pfd.
A
conv.
Extra
1-2L
2
2-7
t37'/2C
:
(accum.)__
Corp.__^_^
Georgia
1-31 *
2-15
3-1
3- I
common:.!,
$7
class
Gregg.
General
Inc.—
(quar.)______
American Chain & Cable, common (quar.)__
5% preferred jquar.)
—
American
Forging & Socket
American General Corp., $2 preferred (quar.)
$2.50
preferred
(quar.)
$3 preferred
(quar.)___—
Appleton
2-
(irreg.)
Mfg.
convertible
3V2'/c
10.292
.
_
27y2c
30c
—
_—
(increased)
Co.
Airlines,
American
&
Gamewell
1-15 '
1
2-
(quar.)
$3
Mogul
Co.
6<«
3
2-6
;
Corp.
Fruehauf
Holdert
2-
-
1
Ltd.—
—
Extra
When
6
3-
75c
laccum.)
Kalamazoo
Graton
2-
5-5
3-1
_
(s-ai___
Co.,
Firestone Tire & Rubber,
Payable of Rec.
2-
Co
Goods
Aluminum
5 7c
.
—
demand
to
interbank
48.963
...
_
Foreign
Debits
S.)
Altorfer Brothers
deposits:
banks.
Domestic
.
B
Coe
4%
8- 5
II- 5
2-3
i 30c
,
class
Drug Co.,
Ex-Cell-O
are:
20c
15c
20c
(quar.)
convertible preferred
Steel Co. (quar.)
American
14,553
.
..
except Govt..
Government deposits...
deposits,
S.
week
Share
Cast
(A.
American
adjusted
deposits
this
(s-a)
(quar.)
Furnace,
&
11-15
2-6
37V2C '
preferred (quar.)____
Empire Ste-el Corp. (See U. S. Liquidating)
Emporium-Capwell Co
:
Alloys, Inc.—
Aluminum
Alloy
Aioe
Liabilities—
Demand
Time
announced
'
_____
8^
166.
8-16
50c
(quar.)__^
Inc,,
preferred B
Emerson
Class
2-5
50c
2-16
5-15
50c
_________
(quar.)
preference
Corp.,
Great
dividends
$1.10
344
—-
4
21
+
3.465
loans
Inc.
States
Electric
1
,
50c
(irreg,)
preferred
Filtrol
Name of Company
A
Bradstreet,
&
4\'a%
Green
Acme
16
—
505
3,493
-
to
Other
Corp.
Gum
-
banks..
Loans
clas3
Houses,
Eastern
DIVIDENDS
16
337
-
...
..
_
Construction
conv.
Dravo
grouped in two separate tables. In the
first we bring together all the dividends announced the
current week. Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid. Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
546
■—
t"-'
obligations-
securities
estate
7 64
carrying:
for purchasing or
Government
S.
Other
Real
—-—-
—
"...
15c
Dobbs
Dividends are
The
181
*,
3-
50c
Steel
$1.50
1-20
$1.75
2-20*
1-20
1-20
,
2- 1
u"'2- 1
1-30
1-30
1-30
1-15
2-13
50c
Co., common
participating preferred
Disher
3,252
+
1
(quar.)_
(extra)
Match
Federal
Per
securities
loans
4.025
3-
^ 25c
preferred ■,(quar.)
preferred
(quar.)
participating preferred
Faber
pur¬
_____
obligations.
Government
Other
Other
646
+
52°
+
chasing or carrying:
S.
+
•
1
93%c
Extra
declared.
14,689
U.
B
Equity Corp.,
agricultural
and
loans
Loans
:—
23,243
_
Loans—total*
'. 6r'o
42
§Vol.
1
3-
Extra
§2410
HVol. 164.
pfd.
non-cum
1
3-
93%c
preferred
(quar.)_
Devoe & Raynolds Co., class A (extra)
88
3- 1
3-
'
45c
non-cum.
Erie
7
of the assets and
summary
'6
112142
tVol. 165.
♦Announcement in this issue.
reporting member banks.
A
non-cum.
5
153
1
Ltd.—
j
; '
California Oregon Power Co.—
§2419
5% general (closed) s. f. bonds
Feb.
2
§2419
4V*% 1st mortgage s. f. bonds, series A, due 1956—Feb
2
Indiana Service Corp.—
• 777
:r,v v
1st lien & ref. mtge. 5% bonds; series A, due 1963—Feb
J ' 47
Metropolitan Personal Loan Co.—
7 7 !!'7.77?7777
v.; 155
25-year 7% debentures, due 1961—
7
_—Mar -1
New York Gas & Electric Light,! Heat & Power Co.—;
•
12004
V Purchase-money A% 'bOnds, due 1949
—Any time
50
Randall Co., $2 cumulative participating class A stock.Feb
2
§2565
Telluride Power CO., 1st and ref. mtge. 6s, due 1957—Feb 17
293
Warren Petroleum
Corp., 3%
conv. preferred stock—Feb'. 9
;;.777;7::777'
2-2
$i7VaC
7%
non-cum.
5r/c
52-
due 1951__Any time
5s.
2- 2
•
bonds, due I960—Apr
mtge.
Rayon,
3-15
t37V2c
(quar.):.
Supply Co. (N. Y.)
Detroit-Michigan Stove Co.—
5#
non-cum, preferred
(quar.)
Power Co.,
Lakes
Great
Inc.
class A
Dentist
48
1
1927
series of
stock,
Lake Ry.,
Salt
&
50c
35c
$1.75
...
(quar.)
common
(quar.)
(quar.)—
Delaware
—Feb 11
1st mtge.
Co.,
Power
&
preferred
6%
Denver
trict, $23,000,000 in New York City, and $38,000,000 at
all
B
47
2yi
31
1
Date
6% debentures, ser. A, due 2024-July
(quar.)___;
Leather, Ltd.,
Diamond
•7:7.7
Company and Issue—
Appalachian Power Co.,
Payable of Rec.
Inc.—
______________
ISSUE CALLED
ENTIRE
■
Co.,
Railway & Terminal,
preferred
Class
,
Seal
preferred
-7%
.Class
7:7vA'
&
249
Borrowings decreased $24,000,000 in the Chicago Dis¬
;
Cork
§2308
Dallas
3%s,
mortgage
Deerfield
When
Share
v-V', ;■
,.
1
1
series A, due 1961—
Feb
3%% debentures, due 1962__Feb
—
■
1 ,v'k
,
,
due 1951
':Jan
Firemen's Insurance Co., of Newark, N. J., $4 pfd. stk._Feb
Food Fair Stores, Inc., 3 Va%
debentures..
Feb
Lynn Gas & Electric Co., 2 3A%- 15-yr. notes, due 1958—Feb
May, Stern & Co., 5% preferred stock
——Jan
McCord Corp., 41/2%
debentures, due 1956
Feb
Midlothian Country Club—
t
1
(
General and refunding mortgage 4V2S, due 1959——Feb
Standard Milling Co., 3y2%
debentures, due 1961
Feb
Sun Ray Drug Co., 3 Va % debentures—.——
—Feb
Warren Petroleum Corp., 3%'/» conv. preferred stock—Jan
•
Holdert
Per
Name of Company
4
; >
.1
Page
Date
v
;
Monday, January 26, 1948
.
'
$48,000,000.
RR.—
Indiana
Western
refunding mortgage 4Vis, series D, due 1962_Mar
Cleveland Union Terminals Co., 1st mtge., 5Vis, ser. A.Apr
Connecticut River Power Co.—
4
System in leading cities
Federal eserve
the
of
&
and
1st
of weekly reporting member
The condition statement
banks
Chicago
CHRONICLE
FINANCIAL
;28y»c;...-
1-31
2-14
,
,v
-
3^47'7 ^*16
Extra
5°'e
5 rfc
series B_
Corp.
(Del.)
Co., common.
—
(s-a)
_____
(s-a).—_—,-an—
Vulcanized
Fibre
(increased
—
—
quar.)
Naumkeag Steam Cotton Co.i.__:::_~::__:_'_.
2- 2
1-15
2-24
2-16
30c
(quar.)
9c
50c
_______
preferred
preferred
National
(Colo.)
:
3-10
2-16
75c
25c
2-16
2-16
2-16
8-16
$1.25
$1.25
25c
- * -
1-31
1-31
1-31
7-31
,
2-16
50c.'-.-- 2-21
2- 2
v
2-14
•'
.Volume 167
i
J,
Comtony
,.•
J
Name of
■'/,
.
When
Per
Share
2-
60c
2-15
2-15
75c
$1.75
2- 2
2- 2
1-
/
—-
New
6
3-1
Whitman
Stock
.3- 1
2-20
(quar.).—
50c
3-10
3-
50c
4- l
North
American
Car
Corp.,
$2
convertible
■.
com.
(quar.)
preferred
North River
Insurance
(quar.).—
(
Northern Liberties Gas
v
Northwestern
stockholders
of
meeting on Jan. 27.)
Wilson
preferred (quar.)
—
preferred (quar.)_—
—
—
Industries, Inc., common (quar.)—
5%
convertible preferred (quar.)_
Woodward Governor Co. (quar.)
_______
2- 5
1-26
2-20
3-8
2-
2
Electric
Power,
common—
6'/>
3.60'.y
Woodall
2- 2
2- 2
1-15
3-12
4- 1
3- 1
2-15
2-15
2-15
1-31
4- l
2-15
2-16
2-16
2-16
3-15
3-
1-29
1-26
2- 2
1-20
Agnew-Surpass Snoe Stores, Ltd.
preferred <quar.)_
Owens
Gas
Glass-—-—
Illinois
Pacific
5%%
Electric.
&
75c
1st
6%
Pacific
preferred (quar.)
preferred (quar.i
Mills
6%%
37 %c
(quar.)
343,bC
31'/4C
75c
;__
___
(quar.)__——
Portland
Pacific
1-28
preferred
)accum.i_—
ft Light, 5 V pfd.
$1.62%
$1.25
_
(quar.)
-
held
share
(subject
.approval
to
Parker
.
(S.
3-15
1-30
1-31
M
& Gas—
j
••
$5
-
convertible
-.4%
Rayonier, Inc.,
preferred
4
8
Co.
of
Canada,
preferred
Vc
Aluminum
Mlg.
1-10
Amalgamated Sugar, 5%
Amerada
2
Petroleum
1-
5
Book
Eox Board
Can
Co.
1-19
2-10
1-22*
1-17
1-30
American
2-16
(inital)
>
American Equitable Assurance Co. of N. Y.—
3-31
3-31
2-16
3-15
2-27
American & Foreign Power,
Works
2-27
$7
American
2-27
-4%',fj
Fork ft
25c
American
Com.
3-12
6%
4-15
stock
for each
—
■:
Co.,
10c
1
2-18
2-15
1-31
1
3-19
American
Sugar
1
3-19
American
Viscose,
prior" preference (quar.) ——$1.25
Paper Co. (quar.i
15c
43-
1
3-19
Shops
50c
Schwitzer-Cummins, 5%'A
pfd. A (quar.i
t
27%c
t:5%% preferred A (quar.i27 %c
preferred
Paper Co.,
$3.40
2- 9
2- 2
2- 2
2- 2
2- 2
2- 2
7-3
7- 3
Dillon
l/40th of
dividend)—
-.*•
B
is-a)_—
;____
Co.
& Curr
Co.,
1-31
1-26
1-19
Co.
1-19
$1.50
2-
2
1-19
Argus, Inc., common
Arizona Power Co., 5%
2-10
1-31
4- 1
3-10
4-
I
3-10
$$1.25
Sleight (M.)
4-
1
3-10
Atchison
3-1
(s-a)
(111.),
3-12
$75c
2-25
2-
3-15
2-16
Atlantic
Coast
$15
3- 5
1-30
Atlantic
Refining
i——
common.
5
1-30
50c
2-1
1-21
$1.50
2-1
1-21
Atlas
3-10
2-10
Atlas Powder
1-30
Atlas
'i&fti.
preferred
(quar. 1
Withington, common
convertible preferred
^Stamford
(quar.)
Water Go.
.
35c
'
87V2C
3-
1
2-2
2-20
2-10
2-16
2- 2
AVco
2-10
AVondale
2-14
2-5
Common
1-21
$4.50
50c'
.
;
Sun Ray Drug.Co.;vcommon___-.__2'_;L;._;
iGr;
preferred (quar.)
3772b 4'
Syracuse .Transit; Corp^___^^>v._-75c
.Taggart -Corp.i'5c
.
f
R.)
Power
Triiax-Traer;: Coal
2-16
l
3-10
2-27
'
2- 5
55c
,
2-13
$1.06%
•
2-
.
.
2
6-20
$2
11-30*
2-16
.
2-
Norman
Virginia
Dare
Stores,
Wellington
Mills,
class
West
Gas
Ohio
West Virginia
Inc.
Co.
com.
(
initial
1
2-27
for each 50
mon
5%
RR.,
preferred A
Weston
White
Pacific
Electric
(S.
S.)
Blaumer's
Bloomingdale Bros. U
3-10
Blue
2-23
3-
1
2-16
2-
2
1-20
common
3-
3-10
2-16
2-
Instrument—
(quar.)
Ami
Class
2-25
Booth
4%
Corp.,
2
(Sidney)
1-24
3-10
2-20
D7VaC
2-14
1-30
(quar.)
(quar.)__
______
(quar.)
:i
preferred
Corp.,
(quar.)
50c
50c
50c
v
50c
25c
10c
15c
75c
50c
56V4C
$62Vic
15c
$1
62Vic
1-16
1-21
2-19
1-15
1-15
Light,
Tractor
Oelotex
Corp.,
5%
:___
:
iBritish:.Ceianese, Ltd.—
'^American deposit receipts
,•>
v/c-t
(year-end)
& Gas
Century
Shares
>
2-25
1-31
1-20
1-10
3- 1
2-10
$1
41c
; 50c
2-2
2- 2
2- 2
$1.12%
4- 1
3-19
40c
2-25
2-10
(Texas)—
Trust
Copper
4%%
prior
—
Chain Belt Co.
Chain
Store
(quar.)
preference
(increased).:
Investment
1-15
1-22
1-23
..
convertible
Corp.—
54V4c
(quar.)__—
preferred
Chain Store Real Estate Trust (Mass.)
Champion Paper & Fibre,
$4.50 preferred (quar.)
1-20
2-2
1-20
25c
$1.12%
30c
(quar.l__
common
National
Bank
3-10
4- 1
2-17
3-10
2- 2
1-2
40c
Common
(quar.)
Chicago Mill & Lumber Co.
iquar.)
r
_________
Extra
—_
Company
Cincinnati
4%
preferred
V:
Co.
in
(payable
cash
5%
preferred
$4.50
(quar.i
—
(increased^
(quar.)
(monthly.)
preferred
Industries
,—
•
Monthly
Monthly
Club
Coast
1-15
1-17
7-17
3692-
1
1
1
2
2-14
5-15
8-14
1-15
$1.75
30c
30c
2-16
2-2
2-2
1-5
1- 5
2-10
25c
2-21
2- 1
$5
$1.25
1-31
1-31
1-16
1-16
2-15
1-2D
4234-
1
1
1
1
3-15
1-16
2-16
3-16
2-
3
1-27
Electric Illuminating Co.—
Common
Clinton
2-16
2- 1
8- 1
55c
(s-a)
Cleveland
3_1S
or
3/100ths of a share of common stock)
Cleveland, Cincinnati, Chicago & St. Louis Ry.—
Common
2-1Q
$2
fquar.)
Utilities
Citizens
3-15
2-20
$1.25
$1.25
$1.25
50c
Olty of Paris Dry Goods— ^
7% 1st preferred (quar.)
City Stores Co. com.1 (quar.)
A
6- 9
3-30
Pacific Ry.
Texas
(quar.)
(quar.)
5% preferred (quar.)
City of New York Insurance (s-ai
Class
7-15
3-38
Co.—
(s-a)
Cincinnati New Orleans &
5%
3- 9
$2
Railroad
(s-a)
preferred
1-8
1-10
4-15
35c
& Electric
Inter-Terminal
preferred
preferred
2- 1
25c
15c
(quar.)
^
2-2
25c
30c
—
(quar.)
Common
(quar.)
2-1
10c
Chicago Corporation
Cincinnati Gas
2-16
87%c
10c
(quar.)
Chesapeake & Ohio Ry.
3V2% convertible preferred
4%
1-15
2- 2
75c
Chase Candy Co. (increased quar.)
Chase
2- 2
75c
(quar.i
Extra
Products
Aluminum
$1.12%
20c
20c
20c
30c
(increased):
quar.)____
com.
$6c
2- 2
1-13
(quar.)—
(increased
Breweries, Ltd.
Colgate-Palmolive-Peet Co.,
$3.50 preferred (quar.)
50c
87%c
,2-14
3-31
1-20
,3-10
i
Collingwood Terminals, Ltd.—
•
Preferrence
Colorado
$25c
$25c
& Iron,
5%
conv.
pfd.
(quar.)
1-31
1-31
1-10
1-10
3-1
2-9
1-31
15c
.
(interim)
Fuel
25c
51c
(interim)
Common
2-15
2-14
3-10
2- 2
2-15
1-20
1-3J.
2-13
1-12
1-15
Colorado
$3
Milling & Elevator Co.—
convertible preferred
Columbia
ft Electric
Gas
Columbian Carbon Co.
'Commonwealth
pfd. (quar.)—
$1.06%
50c
35c
$4c
(quar.
Edison Co.
Commonwealth
Consol'dated
>
(quar.)
Columbia Pictures Corp., $4.25
(quar.)____:
Corp., Ltd
International
Chemical Industries, Inc.— -
$1
pprt*c. preferred, Class A (quar.)
$1
partic. preferred, Class B
(quar.)—.—
37%c
37%c
——
75c
2- 2
2- 2
3- 1
1-K>
1-15
(quar.)
18 ,4C
2- 2
1-1j
(quar,)-
50c
47/2C
(quar.)—
Connohio Inc., 40c preferred (quar.)
Consolidated Edison Co. $5 pfd. (quar.)
$1.50
10c
$1.25
22342-
Consolidated
Coal
Co.
$1.90
preferred
Connecticut
Container
4%
<■
$3
River Power,
$2 pfd.
6%
pfd.
Corp. of America—
preferred
Diior
(quar.)
(quar.)
nreferred
common
(quar.)
____
1- 5
1
1
1
1
2
1- 0
2-16
3-2(>
1-6
1,
51
iquar.)
Cooper-Bessemer Corp.,
1- 7
.
Certain-teed Products
3- 9
1-31
1-15
8%
•
1-31
2- 2
(quar.)
(quar.)
De Pasco
IrlO
3- 5
1-20
1-20
2-14
1- 9
1- 9
1-12
1-12
13c
(s-a)
(quar.)
Light Co.
&
preferred
6-17
Power—
preferred
Central Power
'
•
$20c
-
3-18
-
85c
Hudson Gas & Electric, com.
1-12
1-12
/■
3-15
2- 2
2-18
2-28
1-31
1-31
1-31
1-29
l-ifl)
,A
30c
Electric
1-30
3-20
2-14
2- 2
50c
$1
50c
75c
37%c
25c
$30c
.
—
Central
Connecticut Light ft Power,
15c
2- 2
—.
Central
1-9
50c
$12Vic
$40c
^
Roller Bearing
Co., Ltd., class A (quar.)'__^__
Brantford Roofing Co.i Ltd. (s-a)—_'__,—_
7-15
—
York
1-26
12-31
4-15
MOc
:
Extra
2-2
1-28
1-28
I
(quar.)
Celtic Knitting Co., Ltd. (increased)
Consolidated Dearborn Corp.
2-25
$$1.25
i$1.75
50c
preferred
New
1- 5
2-2
2-16
2- 1
(quar.)
1-20
1-20
16c
2%
r
(quar.)—
common
1-15,
2-16
; •
common
Carpenter Paper Co., common
4% preferred (quar.)
Casco Products Corp. (initial)
Caterpillar
J 1-15
,
!
&
2- 1
2- 1
50c
Bowes
■
$3
$20c
Common
Power
;
2- 2
Co.—
25c
$1
(quar.)
-..Bower
2-16
;
Lumber
60c
common
(quar.)__
Fund, Inc. (quar.)
Special
2-16,
50c
pfd.
(quar.)
Fisheries
.Year-end
2-12
Co.
:___
5%
Boston
;
75c
$1.25
—
:
L-d.,
Co., Class A
B
Boston Edison Co.
--
$1.12]/2
(quar.)__l.__ -7
(quar.i_________________
Bon
5
3-20
35c
_________
Blumentha 1
2- 5
c
$3 *
_l__—_
;
(quar!.)
W.)
Ribbon
.:
(quar.)
(Phila.), common
preferred
(quar.)
(E.
,___
S——
;
2-20
2(
J.-16
1-16
1-26
.
4- 2
•
1-15
1- 2
2- 2
-'2-2
1-12
•——
(quar.)
1
shares held._-___-I;_*:;.;: .L___
Dental- Mfg.
Co.
3-
Western Condensing Co. (stock dividend)—
One share of Golden State Co., Ltd., com.
Electric
3-20
-
2- 2
2- 2
2-14
4-23
2- 2
2-16
2-16
2-16
2- 2
1-^6
2- 1
3- 1
1-30
1-30
.
$10c
8c
2- 2
2- 2
$5c
tlOc
$10c
Western
3.40%
12-31
1-16
1- 2
Common
Central
1-15
1-15
1-31
2- 2
1-31
(quar.i
non-cum.
Carolina
2- 2
2- 2
,
(increased quar.)
Fund, Ltd.—
pref.
(final)
Canadian Utiiities, Ltd.,,5% pfd.
(quar.i__
Canadian Vickers, Ltd., $7 pfd. (accum.)
1-15
/
(resumed)__
—;____
Blair & Company
$3
1-28
" *•
4
(quar.)___j.
Company (quar.)
Foods, Inc. (irreg.)
Birtman
17V2C
(irreg.)
common
preferred
Bliss
_
40c
——__T_
Hedges, Inc.,
1-23
."i
Virginia Pulp & Paper Co.—
4%preferred (quar.)
Western
&
2-20
West
—
4%
2-16
v.1-15
1-15;
1-15
„
-
;
convertible
Best
3-15
1-31
1-31
1_28
(s-a)
(quar.)
(quar.)
1
(quai:.)
Coal & Coke
Co.
2
(initial)25c
A
new
(irreg.)
3- 1
—
—20c
Ltd.
(s-a)
2-
25c
$1.06%
(quar.)__
common
3-
$1.37V2
40c
$1.18%
12%c
1-30
2- 2
3- 1;
3- 1
(quar.)
$1
Co.___^___i__;_^-___l:^_____ ,1
Warren Petroleum Corp..
Corp.,
2-16
"
1-30
1-15
2-20
Cos., Ltd. (quar.).—
Pacific Railway—
Canadian
2-15
,
1-31
2- 2
12-19
12-26
2- 9
2-27
1-9
1-9
12-30
Oil
1-15
2-3
1-15
1-15
1-22
2-14
2-15
10c
$37%c
35c
(quar.)
i—
Best ft
2
2- 2
3- 1
A
(quar.i—
common
common
,
i $1.31 V4
iquar.)
Valley Mould & Iron, common-^-; $3.50
prior preference (quar.i
Van
Canadian
1-17
(quar.i
r-Extra
8-31*
12-20
15c
___
preferred
Watch
Benson
9-20
70c
preferred^ (quar.i3- 1
Universal■ Products Co
.__^r^__x._______l
40c
3-12
Upper ^Peninsula Power Co.—
Shoe Corp..
preferred
5-31*
70c
1-26
—
Paper, Ltd., cl.
preferred
Beneficial
3-20
70c
.
t
25%
(quar.)
Belleterre Quebec Mines,
$6
'
&
Bell & Howell Co.,
28*
1-20
1-15
(quar.)
3-12
Benrus
___•
preferred
(A.S.l
43i%
l
1-26
Extra
Beck
.
70c
Co.
Corp.
2-18
>
3-1
$35* '
quar.)
(quar.i
Oil
4%%
;
Bumper, common
1-30
3- 1
4-1
$1.25-
,
Quarterly.
5%%
common
.('■)
50c
17'/2c
share of
stock for each four shares held)
Baystate
"
—
(quar.)
(year-end)
additional
(one
1-31
1-26
2- 2
2-16
4- 1
2-2
2- 2
1-31
(quar.)—___—__—___
Investors
1-15
2- 2
2- 2
1-15
2-14
3-20
(quar.)
Ordinary shares
1-15
2-14
3-1
$1.13
dividend)
(cash
Co.
dividend
Bathurst Power
4%^
><
Rubber
Bareco
=
S. Spring &
Stock
1-31
sQuaisterlyi
Quarterly.;
U.
Baldwin
1-30
1-30
(Formerly Empire Steel Corp.)- :.
U.S. Pipe )&• Foundry Co.—
...
.
1-30
2-2
(liquidating)
Common-'(increased
Special .'hares
Canadian
1-20
1-15
preferred
2-15
Machinery, Corp.—
S.-.Liquidating
Investment
1-15
2- 1
2- 2
2- 1
8c
8c
2- 2
3-
2- 2
(quar.)
A
Foreign Securities Co., Ltd.—
Irregular
Industries, com.
1-5
1-5
1-19
1-20
1-16
30c
56%c
(quar.)___
Ltd. Cl.
Canadian
1-15
$$1.37%
i_:—
;
2-16
4Vi'^ participating preferred;(qu'ar.)!..^^
U.
ft
Inc.—
(quar.).;
Baihmann National Battery
2-16
$1
TJfhSi' Hoffman
Canadian
•
5%
common
3-' l
; I
_____________
.,United .lAlrcraft. Corp.,:
preferred (quar.)
AUnited/Illumln'Ating .CQ^.;^^....^..^
•
Mfg.
Mills,
(increased)30c
Co.
$25c
1
2-14
$5c
(quar.)
Co., common
(quar.)
preferred
Converters Co.,
1-30
12-30
1-6
2-13
2-2
2-2
2- 2
2- 2
2- 2
$1
(quar.)—
prior
15c
(quar.)
pfd.
conv.
preference (ouar.)
Corp., $2.25 preferred
Conv.
15c
Co..___u.;;__J;;____
Co.
5
3-10
:!r-2^;:L<
' 'Im,.
2-16
'&c
2-16
(John
4%
Nichols & Co.,
45c
Stott Briquet, $2 conv. .pfd; 'i(quar.).;;;_;.w—.
Suburban Prapiane,Gas Corp.-tquac;),;
Water
"
50c
12
Thompson
(quar.)
Proprietary, Ltd.—
preference (quar.)
5%%
Austin
3-
fquar.)
,
Tide
Steels,
$1
9334c
62%c
(quar.)
(quar.)__
B
Plywood Corp.
3-15
$1.50
>>
Standard.,-Silica
.•
preferred
3.75%
1-21
10c
(quar.)
(Conn.)
5%
Canadian
Chiksan
preferred A
convertible
4%
3-12
l-30
1-16"
1-15
1-15
1-15
$16c
$22%c
(quar.)
(quar.)___
(s-a)
Co., Ltd., 7% preferred
Ltd.
(quar.i
Bronze
1-6
1-31
1-31
1-25
1-20
1-13
1-19
2-2
3- 1
2- 2
2-2
'
2-
12 %c
$32%c
$15c
$1.50
$$3.50
$50c
$50c
$$1.25
$183/4C
Breweries,
Ault ft Wiborg
$1.10
(resumed)
Standard Oil of Indiana (increased quar.)
;•
iquar.)
Ltd
30c
preferred (quar.i
Southwestern Electric Service—
V4.40'/»
(s-a)
Co.
Cement Co., Ltd., $1.30 pref.
Starch
Co.
Co.,
3-
$22 %C
$1.50
$2.50
$1
$1
—
4% preferred (quar.i.
RR.
Line
;
(irreg.)
-6%
preferred -(quar.)
Smith; (A.) & Softs Carpet Go.; com.
Sparks
'
pfd.
non-cum.
Atlantic City Electric.
_
,
com.
5%
2
(quar.)__
Topeka & Santa Fe Ry. com
$1.12%
(interim)
A
Smith Agriculturai Chemical,
*
Equipment Corp. (quar.iMfg. Co., $1.40 conv. pfd.
Telephone Co., Ltd.—
4%%
preferred
tquar.)
■
i.
(quar.i
Ink Co;
Preferred
;
$1.25
15c
35c
.
Refrigerating & Terminals (s-a)__
Canadian
Associated
50c
class
preferred
/<:'
Ltd.—
(quar.)____
,
(quar.)
1-21
2-16
1-12
1-24
1-30
2-11
1-16
2- 2
2-14
1-26
2- 1
2- l
2- 1
59c
25c
30c
(quar.)
Canada
1-9
1- 5
1-19
1-19
2-2
3- 1
3- 1
2-2-48
2- 1
1-23
2- 2
7%c
pfd.
Asbestos
$30c
2-2
2- 2
$1.12%
$15c
$$1.12%'
Aro
15c
$15c
(irreg.)
Ltd.,
Simpsons,
,
Argus Corp. Ltd. com. (quar.)
4%% conv. preference (quar.)
1-19
2
$3 pfd. (quar.i__
(increased quar.)_
Power,
3-10
3- 1
15c
25c
$1.75
35c
$1
$20c
$38c
$20c
75c
62'/2c
62%c
-
—
(quar.)
—..—£
preferred (quar.)__
4V2%
Appalachian Electric Power Co.—
4%% preferred (quar.)
1-26
—
Western Dailies,
(quar.)
(quar.)
2-
*
preferred
Simmons
4%
preferred
Electric
Canadian
Cerro
1-30
/v
(quar.)_________
Northern Power Co., Ltd.
1-21
':
2-2
t56'/4C
$10c
25c
62%c
(quar.)__
40c
'___
(interim)
Silverwood
5'/o
5%
1-31
40c
preferred
4%'/o
Anglo-Huronian. Ltd. (s-a)
Animal Trap Co. of America, com.
1-31
2-15
(quar.)
quar.)
Southern Ry.
3-22
$1.50 1-31-48
$1
50c
_______
common
Canada
4%
prior preferred (quar.)
Anglo-Oanad.an.,Telephone Co.—
12-15
2-15
common
(quar.)
Company
Class B
.:'•
1
2-15
—
6%
1-30
75c
^ilverwood'Dairies,'Ltd., class A, (quar.)
-
2-15
2-
(Increased
(quar.)
Canada
Products—
Post
60c
Power
preferred
Silex
'
4-19"
2-27"
$25c
—:
Pacific
6%
5-
2 V2 %
Extra
Sierra
8- 1
3-12
Anchor
(quar.)
Amoskeag Co., common (s-a)
$4.50 preferred (s-a)
7-16
$27%c
.___
.Extra
Sibley Lindsay
4-16
.
Winnipeg Brewery, Ltd., class A (s-at
Class
1-16
1
v
share per share in lieu of cash
a
&
prior preferred
1
1
$1.25
10c
$1.25
75c
$2.25
1.
Smelting, common—
(quar.)
Zinc Lead
convertible
$5
5-
25c
'
(stock
preferred
American
85c
■
Co
Seattle Gas Co.
Shea's
;
_———
preferred
Co.,
M.)
(quar.)
$1 preferred
$1.20
1- 5*
1-19
1-19
12-11
1-8
6-25
6-25
50c
common
1-20
1-20
1-21
1-15
1-21
1
(quar.5c
Packing, com.
preferred (quar.)
Camden
1-19
(year-end)
Refining
55c
(increased)
(quar.)
5%
1-30
2-10
Safety Razor (quar.)
2-
(quar.)._;i__^._.f.f—27 %c
A
common
preferred
Scotton
••/
•>
1
2-25
Regis
Rolling Mill Co.
(stock dividend)
•Common
2- 1
2-1
2- 2
1-31
2- 2
2- 2
2-26
2- 1
2- 1
25c
25c
20c
90o
25c
$1.50
_______
California Water & Telephone Co.—
12-29
1-16
American Stove Co
4-
(A.
5%
6-22
$4
'
7- 2
20%
25c
common..
,
1-13
(quar.»____
common
California
1-15
1-20
2- 2
2- 1,
4- 5
Common
34-
St.
Brothers
California
1-15
2- 2
37%c
25c
quar.)
1-31
(quar.)
Inc., 4%
Canadian
40c
'Molasses
American
r"-■
shares held—
75
(initial
Co.
American
_
v';.-.
:
■
1-16
$$1.25
;
preferred iquar.)
Byron Jackson Co. iquar.)
Calamba Sugar Estate
(liquidating)
Caldwell Linen Mills, Ltd., com. (quar.)
$1.50-1st preferred (quar.)
80c 2nd partie. preferred (quar.)
;
(quar.)
1-20
(quar.)
common
—
.i
10c
preferred
'American
4-15
1-27
2- 2
2- 1
7Vc
1-22
2-18
2-18
2-28
3-31
12-26
1-14*
3-15
■_
5c.
10c
*
Home Products (monthly)
Light ft Traction—
American-Marietta
1-30
2-16
(special)
Corp.
(stock dividend). One share of Detroit
Edison
•
1-19
(quar.)
General
American
1-23
1t30
4-15
Hoe, common
2-2
3-11
3-11
(accum.)$1.50
$1.75
30c
$1.12%
$6 pfd.
(accum.)
preferred
1-23
2- 2
2-16
4- 1
1-31
5- 1
5- 1
'
$3.60 preferred
Canad.'an
2-11
;
,v
50c
—
preferred
1-23
2- 2
(quar.)
Co.
Encaustic Tiling
American
preferred
5.%%'
_
2- 2
2-28
2-16
1-28
(quar.)
2- 1
Scott
v
$1
50c
75c
50c
12%c
quar.)
(quar.)
2-16
Co.
Distilling
1-15
•
,
Co.
American
5Cc
'25c
50c
Bunte
1-15
American
1-15
"
;
1-30
(quar.)
(increased
American
1-26
33/4%
Saco-Lowell
V
2-4
1-14
1-17
1-15
2-1C
1
Bullock's,
(quar.)
Y.)
(N.
Buell Die & Machine Co.
Canada
preferred
Corp.
American
1-26
•»"
,
50c
3-1
1-31
2- 1
1-30
(extra)—
Co.
2-
iquar.)93%c
Rock wood ft Co.. common (quar.i
30c
'5% preferred A (quar.i'.ii'I—
$1.25
:
5Th
preferred (quar.)..$1.25
?
(quar.i__
$25c
75c
I2V2C
Ltd.—
(quar.)
Goods
75c
Inc.,
Extra
-•
.
1-21
3-15
2-6
25c
Aluminum
1-20
50c
Rich's.
''
2- 2
4- 1
3- 5
—_
2-16
—
Cedar
15c
25c
$$2
(quar.)
3-15
3-15
3-15
3-15
iquar.)
Co.
preferred
Common
—
Inc.
(quar.)
1-15
$$1.50
(quar.)
Shoe Co.,
6%
'
$1.25
50c
$1.75
$2
$2 preferred
(quar.)
Republic Investors Fund, common.....;....
Gc
6% preferred A (quar.15c
6% preferred B iquar.).___
:
15c
Richmond
1-26
1-
Laboratories,
Aluminium, Ltd.
Semi-annual
'
(irreg.)-
common
2
5
—
Brown
Payable of JBec.
2- 2
1-16
3- 1
1-30
50c
$12c
(quar.)—__
Holder9
When
Per
Share
Name of Company
•
Railway ft Light Securities Co. iuei. 1—
v.f;Common e(quar.)20c
•
preceding table.
1
$1.25
$1.75
20c
30c
.
preferred iquar.)^—j
preferred .iquar. 1£_■_—-4.—
Puget Sound Power ft Light (ciuar.t—
Quaker State .Qil-'Refining Corp;__
■»
list does not include divi¬
these being given in the
1-31
1-15
^
7%
.
weeks and not yet paid. The
announced this week,
1-31
3-
2-16
$1.25
Public Service Electric
■4
2-27
2-27
2-19
Extra
public Service Corp of New .Jerseys$5
preferred
(quar.)——:
6%
preferred (monthly)
7';<>
preferred Hquar.i-_i.-:-i-uu_^_Ci._i_—
8 '(^
preferred (quar.I
•
_______
dends
Co.—
(s-a)
Common
3-15
3-15
3-15
the dividends announced in previous
Below we give
1-23
10c "2-2
10c
2-2
25c
1-14
10c
1-25
*
B
Trust
Byers
2-
50c
(Philadelphia Insulated Wire (s-at
Pittsburgh "^ Birmingham "fraction
$1.12V2
$1.12%
$1
12-15
2- 1
(quar.)
Common
2-27
Increased quarterly
(irreg.i.—iw--Power———-—-i-A
Common
Bronxville
Burroughs Adding Machine
Allied
Gas Co.
Heat
Youngstown Sheet & Tube______
—
1-31
—__'
ft Co., 40c preferred (quar.)
Grinding Wheel——
V Petrolev.m
4Va%
3-20
2-2-48
$$1.75
„
1-31
of
C.)
Peninsular
,
.
Holder*
Payable of Ilea,
$l5c
Pulp ft Paper, Ltd.—
;
7% preference (accum.)—
British Columbia Telephone Co.—
6% 2nd preferred (quar.)
British Rubber Co. of Canada, Ltd.—
5% preferred (quar.)
Broadway Department Stores lLos Angeles)—
Buckeye Steel Castings,
Air-Way Electric Appliance Corp.—
stockholders).
•"Pennsylvania
25c
4-15
2-16
2-14
2-14
2-18
v
50c
•
——
prior preferred (quar.)___________
convertible prior preferred (quar.)_
4V2V"
1-26
Paraffine Companies, Inc. (stock dividend) —
Two additional shares of common for each
v
Common
2-25
1-31
4-30
3- 1
2-28
3- 1
3- 5
Worthington Pump & Machinery Corp.—
1
Co.—
Cement
Pacific Power
.
pfd.
1st
1st
5%
•
—
2-10
2-15
3-1
J
3114c
Adams-Millis Corp.
;
(quar.)
1-30
1-30
2- 2
2-3
——
—--
Co.
25c
Ogilvie F.our Mills, Ltd., common (quar.)-$25c
7'/preferred (quar.)
i$1.75
Oklahoma Natural Gas, common—50c
4%% preferred A (quar.)—_______ $0.59375
Osgood Co., class B
_________
20c
Oswego Falls Corp,, common .jquar.)_____—
25c
.,4%% preferred (quar.)$1.12%
':
at
4$
Ltd.—
Columbia Forest Products,
Initial
f
When
Per
Share
Company
British Columbia
25c
$1.50
90c
25c
&
$$1
22%c
4%., preferred
Noyes (Chas. F.) Co., 6%
Nutrine Candy
Co
'
i•'
Wisconsin
1
Ltd.—
Utilities,
approval
10
Name of
British
(y'-Jj"
!:-V"
(Sub-
3-23
3-10
60c
(s-a)_-_
Nine
$1
$2.50
25c
.
jecu
"•
' -..V'
additional shares of
(Mass.)—
Co.
stock for each share held.
'
Solder*
When
Payable 0/ xec.
Share
(special)—^.———
Wilson Line. 5%
1st preferred (s-a)
75c
(increased)
North American Oil Consolidated
(Wm.)
dividend.
common
2-14
$1
4%
'
•'
1-22
$1.75
Co.,
(469)
CHRONICLE
Per
9
pfd, A (quar.).,..
Chemical
Nopco
FINANCIAL
Name oj Company
1-31
Vfo preferred (quar.)_____
York Dock Co., $5 non-rcum. pfd._~—
Process Co.,
New
&
Holder*
Payable of Ree
25c
Neptune Meter Co., common (quar.)
$2.40 preferred iquar.)
New Brunswick Fire Insurance (S-a),
•
THE COMMERCIAL
Number 4667
;
(quar.i-—
25c
3- 1
3-31
75c
3-31
2-zo
-
,3-19
3-19
50
(470)
--
■
THE COMMERCIAL '& FINANCIAL CHRONICLE
-
Monday, January 26, 1948
......
.
*
(Boston)—
Copley Squ&re Trust Co.
Common
(quar.)
"
50c
—
—
2" 2
wo
2- 2
1*20
$4
$1.25
70c
2-2
deposit
Ltd.,
(interim)
reg.
49/10c
J50c
$2
-
Seal, Ltd. (quar.)
Crpm & Forster, 8% preferred (quar.)__——
Cuban American Sugar, common (irreg.)—
1% preferred
(quar.)—
—
preierred
1%
preferred
5%
preferred
preferred
(quar.)_
(quar.)
Inc., common
Cuneo Press,
87 Vic
$1.25
10c
10c
30c
50c
25c
20c
3Vi%
Davenport Water, 5%
Davidson
A
—
*—
;
(quar.)
Delaware
Power
Dennison Mfg.
Light.
&
Co.,
._
A
common
Union
Detroit
Gasket
Detroit
River
De
Vilbiss
Stock
Vara
Tunnel
2-2
ts-a)
Products
(irreg.)
Co.
Diocesan Investment Trust
Preferred
.
preferred
Co., Ltd.,
Dominion Oilcloth & Linoleum
Extra
v
Class
Donnacona
■
(quar.)
4Vn%
$20c
2- 2
Paper Co., Ltd.—
preferred (quar.)
East
Manufacturing"
Electric
Coast
Eastern
Co.
Co.
25c
—
(irreg.)_
—
2-16
2-1
2- 2
30c
Brewing -Co.——
t$1.12Vi
$25c
17c
25c
$1
1-25
2- 2
$1.50
$1.50
$1.50
$4
'$1.50
-*$1.50
13-15
-6-15
9-15
2- 2
5- 1
8- 2
(quar.)
Corp.
(increased quar.)
Massachusetts Street Ry.—
Eastern
•
preferred A
1st preferred A
1st preferred'A
1st
Products
*'
.
-
——
:
1-25
,
1-15
50c
2-.2
9bl/4C
i'$2
2
2-16
u
(accum.)__
*.
v:l-15, /
lii'2
-
.•
-
l-io
/-
1-23
,
.
...
$5
1-31
-.1-19
lrJ.9
c2~ \6
'
.
:
4-29
.
2-16
^
$50
,
,: 2- 7
.
1-30
1-19
1-19
2-
2-14
'3--t,
..-'50c
4 V2
-
Refractories—
Harbison-Walker
preferred
■6%
Harbor Plywood Goip.,
Electric
Hartford
Hat
Corp.
of
/
.(quar.)
(initial)
com.
new
Light
(quar.)
-683Ac
America
-Macy
Hecht
•
.
Powder
Hercules
>40c
•
1-31
2-14
8c
-55c
1-25
2t »1
.
•'/
Hershey Chocolate, common (quar.)
$1 convertible preferred (quar.)_^-y_yyy^y »
Extra
Hires
Holly
,
Extra
:1- a; /
2- 3
1-15
.
fl-s24' "i,
(Chas.
E.)
Co.
$1
^: 1/20
30c
3- 1
;
fc
31 Vic
,
2-
25c
3-10
1-15
2- 1
2-
1-17
1-20
7246
1-31'
2-
2
1
,2-
1,
1-22
1-15
1-15
244
.
$1.10
«■
,•
1-28
1:
2-
*
1-20
;
1
20c / r2-
■
1-20/
i
2 /
1-15
_,•
,
2-26'
1-26
J25c.;
Inc., commoii_______________
2-
2
2-
2
1-14/
4-
25c
2
3-20
7-
2
6-20J
10-
2
9-20
25c
25c /
______
/
/1-15'
25c
(quar.)_____
(quar.)
Common
1-30
30c/; .,1-29
1-15
1-31
,2-
80c
Pacific Grain-Corp.
Hart,
2- 1
2- 2
2:--
2- 2
2-14v<
+25c
(qua*\)_________^.__.
Miller &
60c
(quar.)
/?/2-
,
____
Rubber Reclaiming Co.
Common
1-15
12-24
20c
(s-ai
Illinois Public Service
1-20
1-17
12-31'
75c
(s-a)
Midwest
25c
Holly Stores, Inc., b'/c conv. pfd.
Holly Sugar Corp. (quar.)
&
2-13
1-28
($10 pari common lor each two shares
(Subject to SEC approval)
:____
'Midland
1-2
/
2- 4
held.
:
*1491
$3
Michigan Gas & Electric, 4 40^. pfd. (quar.)
Middle West Corp. (stock d.videndi—//:
Co.
H
i 149/
t25c
___/
One share of Central
*
10c
4
;y<—
Insurance
1-12
1-31
(quar.)
2-14;
12-31
1-20
1-15
/, 1-25
(quar.)
(quar.i__:
1-2U
1-30
-i-/-
(quar.)
Development Co.
25C t-30-48
—
Lid.-
Meyercord Co.
\:
u,
—
1-27
(quar.i$1.50
Merr.tt-Chapman & Scott
'
.
.
,
$1.75
«i.yy»z-i_y«w/
Manufacturers
&
Mills,
Mercury
//
Hibbard-Spencer-Bartlett & Co.—"
/Monthly
2-20
.
,
Merchants
37t2c ■
2-14
r-«tm
$1: /. ,2«14/ :: 4«24
?;
2-27
J4c
/
•-•
2-2
25c
(accum.)
•
142:'/
**
•
$1.06.V*
/
7c
«
.
1-91
,1-31
18c
(quar.)
preierred
preferred
•
»
1-15
..
4-31
1-31
1-31
2- 2
(interim) /
'
,
1-15
3-1
*
;
4-xpv;
1-; .o
4r31
9344C
$i;25
—
preferred (quar.)_
Hercules Steel Products, common (ftuar,)__/_
*7% preferred
Co., 5%
pid.
;s
■
2- .2
-
i 50O
-
(quar.i
Products*.;.—
•
1
V. 8- 2
75c
Telephone Co. (quar.i
37VaC
f
Melviile/Shqe Corp., common (quar.)45c -t,
.
//A'/, preferred (quar.)
$1 /■
Mercantile Stores, 7% preferred Iquar.)
$1.75
/
4-;21.
15cc V' -2-.2 "
•
1st
$6
;1-15
.75c f' 8-16-.
,
Co,
-
Meadville
w
(quar.)_^_y/,i/_v
&
Maytag Co., $3
•
1-15
v'
"/
Field
Screw
>
Shovel, 7%
1-30
,
25c
;
Massawippi Valley RR.r (s-aV_——/y___y_w
1-6
1-.10
>•.-• '/VEU•;X--
Mfg^. -Corp. presumed)
Company,. common
3%% preferred ,(quar.)
1->B
!
,
'
Masco
*
Power
l-.in
,1~ t : 145
' 2-. 1 -*•.•'•1-15
^5oy4c
(quar.)
Ltd.
/■
<
50c
Square Garden Corp.
Madsen Red Lake Gold Mines,
i
1-15
/
,1-31
50c
(R. H.) & Co„ 4V+%. pfd. A (quar.)—
Madison
Marshall
•
-
Macco, Gorpoiatlon >(:nit'.al)-__-_____yu____ii.
Macoil Corp (Los Angeles)- (initial)
2-13
-/■
2- 2
,U-——U-"-•
1st preferred 4accumJ_»«^_
Hayes
.3- .1
•'
,
Marion
Electric & Utilities Co.—
Havana
3-1
•
4 V**
' 1
/
$150 '1-20-48
.' 20c
2- 1
—
preferred <quar.)__^
v4% %
—
-
'
/'• /Extra
,
2
>,
.
McGraw Electric Co.
2-13
,;.-3- ,1''
" 50c
.25c
(quar.)_____
./'.
,
$1 ;06
(quar.)
Mclntyre Porcupine Mines, Ltd.
"McLejlan Stores,
;
V 5uC'"&;24A'/« 1-30
•
%-vpreferred - (quar , )y-y w
McCall Corp.,
1
.2-
,
.
•
1^15
342
M(^labe-{.drain'.iCo< ^Lbitv^class- A< ( quar. )yyx
115c
//Class B"(interline110c
quar.
%
;.2-23::
/
//2-14'
.
••'
1-15:^
,<
2-23
! 2- 2
/.loc1 '-,/244'-.'.-4*30
.
Luzerne..C0Uhty Gas & Electric Corp;r-y(i
..
--
2
2-14
,y
.2-
/•
v
1-20
12-Oi
.2-1
88c
37V»c
-Lukens SteeL Co^/tquar:)
-%• Year-end,
.'2-16/.—;__
-
/
$1.50
./
(quari)y_y_-_;-l_t/./
Bons
-v
10c
& Light $6 pfd.
(quar.)__
Nashville RR. (quar.)
&
15cl
-th
,
1-22*
•
2-
OriginaL/capitai>yi_.ir._yiyi^-:_-__J,AiA/_w-: "• Z $l.iO //.{)340/
Louisville
'/U<25c/',/v;.3-/1//-.,2-13./
Class B
1-31'
.
93;'/-ic
.
(quar. i__
Cement
Lowensteiny tM.)
,
20c
25c
$1.I2V4
15c
4$1.25
______
y
50c
i
.
Extra
1-23
1-15
1-15
1-15
3-16
2-13
/145
1-17
30c
preferred (quah)
Elgin National Watch Co. (quar.)
Empire District Electric, 5% pfd. (quar.)
Empire Millwork Corp
Employers Group Associates (quar.)
Extra
>
/
_______
(increased)il.*i«,
Co.
Tanning
'■
common
,
•
,
25c
Ltd. (interim)
Co., common (quar.)
& oo.__.__,
Louisiana-Bower
1-15 /
1-30 %
'
•
t40c
2-15
50c; V 1-29
.
.i-xb.■./
2- 2
•
■
•
6- ?1
9- 1
1-15
4-15
7-15
f
31 V^c-
Laow's Boston; Theatres 4quar.i___u__^J__-_
//'.Extra.
,
•
1
- .
•
/,/-425ci
.8-4
'
{Quarterly. -/ 425c' /■ .6-^1-,/ 5- 1 ;
Quarterly
425c
9-1
7-31
Halle Brothers, common
(quar.)
50c
2- 2
1-26
Hammermill Paper Co. (increased)
37y2c >
3-10
2-19
Hammond Instrument Co., b'.i
pid. (quar.)_
75c
2-15
2-1
'Common (quar.)
^-25c - -3-.10 -•
2-25.,:
Hancock Oil Co. of California, class A (quar.)
50c
3- 1
2-13
.
2-20
2-7
2-1
2- 1
3-22
3- 1
1-30
1-31
*$1.25
t$l
Eastern Theatres,
Ekco
.50c
1—U
■-
■
$1/1-25
56V*c ■■■■'
2-16
____//
1-16
•
-
2- 2, •
;• 2-24 ;.
>40c
—____
debentures "A"
Increased
:
6%
(quar.)
6%
(quar.)
:
6%
(quar.)
>6% preferred B (accum.)
•6% preferred B (quar)—
:r
6% preferred B laccum»)Eastern Sugar Associates—
$5 pfd. ctfs. of beneficial interest (accum.)
6%
:
1-26
,
Gypsum Lime & Alabastine of Canada. Ltd.—
1-15
12-31
1-15
1-26
1-31
12-29
1-14
2- 2
2-14
Lehigh Portland
.:.':
50c
"
Extra
conv.
-Dwight
;
Knight Co
&
'Extra
■
1-15
Paper Co., Ltd. (increased) ___——
Ducommun Metals & Supply Co. (quar.)—_
Duquesne
Union Co
Griesa-Piiegeff
-
1- 2
1- 2
(quar.)
& R.i
4/24
12-4
-
2-2
;2- 2
'2-2
..
(quar.).—'
Green Bay/& .Western RR.,
>1*30
1-15
1-15
1-15
12-31
12*31
2-2-48
2-2-48
Dryden
2
—
——
Hosiery ,Co.
Income
$25c
$25c
2-10-;
^
(quar.)—— 1
common
-
Dominion Tar & Chemical, Ltd.—
(quar.)
^Common voting trust certificates
Dominion Woollens & Worsted, Ltd.
(F.
445 J
7-15 /,
10/15' ;
,
l'l-i :l
/
*
v
1-15
(quar.)
Grayson-Robinson Stores, $2.25 pfd. (quar.)_
Great West- Coal Co., Ltd
Green
(H.sL.) <Co, >(qudr.)__—L—_
12-31
1-19
Common
Lazarus
Legal-Co., Ltd., 6 ',/ preferred
.
(year-er.d)
B
Graton
1-30
(quar.)
—
ar.)
Inc.,
preierred
Gotham
2-2-48
2-2-48
1-30
—
/
.Pl8nt->Choate.Mfg. Co*, 5%,pf4-(quar.)^
Lee .Rubber & Tirs Hquar.)__^,^
Lees {James) & Soils, 3.85Vo
pfd.
2- 2
Gorham, Iiift/class A' (yeariend)-.-yX_,yyyi_'-i v
t25c
$$1.25
$40c
(quar.)
com.
(quar.)
Lft
"
~
2-16
4Uc,
ciujd Mines, Ltd.
(interim)
?8c
Bryant, Inc., 4Ys % pid. (quar.56Y40,)
Lane
,.b-I5
„
2- 2
.
'
945
/
$1.75// :5- 4 /
"'$l.75
;/ 8- 2
•
,
.
3-15
6-15
•
.10-1
$1^0
$1.75
1-30
4-4
7-1.
-
/
1-12
-2-20
;3- 4/
$1.50*
$1^0
/
1- 5
v
v
o
tl6c
Dominion Malting
7-.T
...
««>c
25c
—
12-29
_
'15c
•
60c
/
1st-preferred (quar.)'//'___w_^_t_,____-;_
1st,preierred <quar.)_^__y__i_i/_____
1
1- 5
.
2- 2
3-11
_*uuaviue
'
; ;c
7
' 50c *
L'Aiglqn Apparel,
•,
f "l1
2-
/
-
$1.50
__________L_
(quar, >
•' 1-31 /
.(quar.$1.75 '
*5q V-'^4-.l..... •'3-lo?. v
,
______
'.34j/bC
.
(quar.)
.
Payable of Ree
20c
.
—.
pfd.
6%
I'M- 2nd preierred (quar.)____'7 ^'*2nd preferred; (quar.i
"y
2nd preierred ,(quar.)L'/___'yiy_i./-_t___;
V 7'w r;2nd preferred
*
i"'JU
(s-»)_----—-
—
iqu*.i.)
Works,
4/nen
<
Share
/•
(quar.)___/_____
/37V2c
3- 1
»r.40 ■
&
i
js
Leitch Gold Mines, LVd. (quar.)f2c. :
246
•.
«>oc
l-2b
1-10,
Lemer.Stores -.Corp., A-Vs'M pid. (quar.)/_:___
$1.12Vz-'.r 2- 2
$1.12'/2
; l-2b ./
1-10
Lewis Brothers, Ltd. iquar.)__,
:___
{2oc lr31-48
Globe & Repuolic Insurance Co. (s-ai——
25c .V 2-.2,. .1-22
Lincoln Printing Co., common (irreg.
50c
.2- 2
Globe-Union, Inc. (quar.)__
20c
2-2
1-20
$3.50 preierred (quar.)
87,'/2c. ;..o 2- 2
Godman (H. C.) Co., common—
15c
2- 2
1-19\
L_;
75c
/ 3- 1
6r/<> preierred'(quar.)
——37^'c // 3- .1 /
2-19 ■„;■ Link-Beii Co.. (quar.)
Liquid Carbonic Corp., common tquar.j____.
25c
>
3.- 1
Goodyear Tme.& Rubber Co., com. tquar.)—
$i.
3-15/v .2^16
3V2% preferred (quar.)
,
87'Ac
3- .1
$5 preferred
(quar.)
—;—
$1.25
3-15
2-lb
/L»r»n</jMrnnNyKH./
Goodyear Tire & Rubber Co.'ofi Canada, »Ltd.— /.'•
»
■ ; /-•. >,
.
Special, guaranteed ^quar.)_/A^.____y'
50c.
.3-16
45i» ^preference i(quar.)__,__-_——;^U_'_;-.i> ~
t50c . ; 1-31
-,1-16
1-15
2- 2
112-30
1-16
.—
1-llJ
1-12
(extra)—.—**>--•?•
(quar.)•.
preierreu
(s-a»
preieneu
90
$4.50
1-14
1-10
1-30
30c
Co.
Gimbei Brothers,
Urand
(quar./_
A
(S. S.l
6%
6%
•
2-17
I'll
;
2-31
12- 2
.
________
Safety Razor-
1-20
Dividend Shares, Inc. (irreg.)
>
1
2c
2-2
Dodge Mfg. Corp./(quar.)
15c
2-16
Dome Mines, Ltd.
y $25c
1-30;
Dominguez Gil Fields (monthly)
15c
1-30
Dominion Coal Co., Ltd. 6% pfd. (a'ccum.ii.137c
.1-31
Dominion Bridge, Ltd. (quar.$30c.
2-25
Dominion Fabrics, Ltd., com. (quar.)__—t20c
2- 2
.6% 1st preference (quar.)
$75c /; 2- 2
2nd conv. preference (quar.)
;
$37Vic
2-2
•'5%
Gillette
1-10
2- 2
15c
__.__U__-.yl
__—'—'
/■•■Class B (quar.)
Gerrard (S.,A.) Co,
Shares—
____—■—
Corp.
I-
—62/^c
common
','/./■■
,//'///•■
it
Kroger Conipany, common (quar.)/.yi_i_____
6% Hst/prej-Oired;1 (quar,)J___._^__,_^a__._;_ '
■
*'*
<quar.)
Gilchrist
3-^1,,
Water
Kresge
,
$1.50
pj.e_.eAr«.u
i
Kokomo
common
ol
tquar.;
B
Class
2-14
1-12
1-26
•
84 1-16-48
25c
1-20
15c
1-30
Co
Dictograph
Divco
(quar.)
Mfg.,
<to
•r-K $x.o
<•,
-
"v;"v
,
y
,(quar.)
class
cuss A
;
1-12
1-15
1- 3
1-10
1-10
1-2
1-26
1-23
3- l
;
—
Co.
$2
6ue
12'/2C
$3 debenture stock (quar.)
Denver
Corp.,
Brewing
Genesee
1-20
2- 2
1-31
2-16
Shoe
(quar.)
Generat T.re n Ruooer Co.
3-17
6-18
1-31
1-26
1-26
2- 2 ■, *3-31
2- 2 i '^3-31
2- 2 • .12-31
2-16
y 1-15
>
.
-;
(quar,)
noiaer's option
at
preferred
$3.60
i 3-17
7- 1
(quar.)
b% ipreaoiieu
3-x8
2- 2
2-14
2- 2 <
1-29
corp.
aiviueud .series)
44/iUOO of a share
out
stock
General
3-18
6-18
9-17
4-1
4- 1
25c
preferred (quar.)
preierred (quar.)
Bros., Inc. (quar.)
—_'J
Day Mines, Inc. (initial)
Dayton Rubber Co., common
Casn
<
12-30
1-16
3-15
''7-1
9-30
$1.25
$1.25
__—
'
$1-50
$1.37^
$1
20c
■
1- o
4-1
4- 1
50c
—
;
Utilities
(opu
per
r
•,v.y; i/MamoVJ Company-.
Kobacker Stores, «Inc.", ^commdn / (quar.) _______
Shareholdings Corp.—
$6-preierrea
1-29
2-16
3-31
/
50c
—
(quar.)
Public
ueuerai
1-26
$1.75
$1.75
$1.75
(quar.)
(quar.)—;
Cuban Atlantic Sugar Co., com.
General
•y
Crown Cork &
7,%
;wu
y
'
lor
rets.
^
—
1-20
z- 2
490c
(year-end)
American
Common
iquar.)
preierred iquar.)
preferred (quar.)
M outer*
Payable of Rea*!, *
;Mate
-y'-l,'
y
Public Service—
preferred
60c
Courtauld's
Class
$6
$1.25
preferred (quar.)—
i
5%
prior preferred (quar.)
Corn Exchange Bank Trust co. (N. Y.) (quar.)
Corn Products Refining Co.—
.
•
5%
■
1-20
2- 2
Company
'.. .W nen
Per
-
„
■Name of
General
$5.50
Extra
5%
ord
sHelAert
\Wtien
per
Mare Payable of Ree.
Name of Company
$1
prior
preferred
(quar.i
25c
4-
2
3-20
$1
prior
preferred
(quar.i
25c
7-
2
6-20
prior preferred
(quar.)
25c
10-
2
9-20
-
Home
25c
3-15
2-20
(quar,).
$1
convertible preferred
(quar.)
$1
1-25
4-26
12-31
4%
4%
convertible preferred
(quar,)
7-26
4%
convertible preferred
(quar.)
$1
$1
1-25-49
6-30
12-31
t50c
1-31
Common
-'-•4%
(resumed)
convertible
preferred
Enamel & Heating
Products, Ltd. (irreg.)
(s-a)y
•_,._
Eppens Smith Co.
Esmond Mills, Ltd., 5%
.
pfd.
Life
Ins.
Corp.
4-15
Hussmann
1-15
20c
1-29
1-16
1-31
1-21
$1.06%
6%
(quar.)
1-31
1-21
2-
1
1-16
$1
1-31
Rubber
&
1-20
1-
1-30
$1
1-30
1-30
1-19
"
1-19
30c
3-
1
2-
6s*
5%
$1.25
3-
1
2-
6*
Carpet Co., common (quar.)
preferred (quar.)
Sterling Steel & Carbide Corp.—
■!i 7% preferred
(quar.)_
:
Fleury Bissell, Ltd., 5% pfd. (initial)
Firth
Machinery Corp.,
new
Convertible
Foster Kleiser
preferred
Industrial
1-15
37Vic
3-31
3-15
6Vs% preferred (accum.)
Shares, Ltd.—
*
Stock and: Bond • Group Shares/—■_
common.
15c
2-
1-15
Insurance
25c
Co.
Fownes Bros.
Fire
&
of
Canada
Corp., com.
(quar,)
(irreg.)
(quar.)
;
General American Transportation Corp.—
$4.25 series A preferred (initial quar.)
General
$3.50
General
International Harvester Co.,
1-23
international Nickel Co.
2
50c
2-
tl2Vic
2-
1
2-
1
12%c
1-31
2- 2
2-
2
1-15
2-
$1.06 Vi
1
1-17
2- 1
1- 5
2-
1-16
2- 2
1-
3-15
2-13
3-
2-13
2
1
2
C
Corp., common
preferred
(quar.)
(s-a)
1-26
5c
2-16
2-
25c
5-25
5-10
(quar.)
(quar.)
$1
5-25
50c
2-16
87Vic
—
2- 2
37 Vic
2- 2
12-19
6%
Outdoor
preferred
Advertising,
(quar.)
2nd
5-10
2-2-48
1-
8-2-48
common
($100
Co.
145,
$1.50
2-
1
Morrell
preferred
5
Co.
par) .(quar.)
1-15
1-15
-
/> $1
$1.75
r.
r ?
/(
3-10
•„
//
Ltd.
,/
1- 5
1- 5 /
1-15
2-10*
3- 1
1-31
1-15
2-25*
1-15
2-25
Battery''Co.
Chemical
National
City
&
Bank
National
J12Vfcc.
Electric
Quarterly
Quarterly
Co.
pfd.
conv.
Welding
(quar.)
(quar,)—;
4-28
20c
2- 2
95c
y
3-1
Neisner
1-31
,2- 2
2- 2
1-26
25c
342
2-18
$1.50
2-16
2-
Kirsch
15c
2-25
1- 6
.
4-12
/1423
l»-2<>
2-16
Tank
/
Co.
Merchandise
York
3.90%
Power
&
Co.,
50c
50c
40c
15c
(s-a)____________
Light
Corp,—
>
'
.
r
It
1st
7%
:'7%
80c
V
t
r;
'
1
1st
7%
American
Finance
Corp.—
preferred
preferred
preferred
preferred,
/
.1———:—
y
preferred80c prior preferred-80c prior preferred-.—.
—_____
:—
:
•
.
•
/
1-15
1-15
1-16
243
1-22
1-20
-
$3.75
$1.25
$10
,
,
1-15
1-16
,
2- 2
2- 2
2-2
1-19
1-19
1-19
4- 1
7- 1
10- 1
3-20
6-20
9-20
12-23
12-16
•
—
prior preferredL__y_
v80c prior
..
*
1-20
97'/2C / 2J 2
933/4c
2-2
(quar.)—_
Hudson Power—:
preferred (clears arrears)
preferred (quar.)
5% 2nd preferred (accum.)—
5%
5%
;
2- 2
2- 2
.
Niagara
•
7-22
1.0-20
,
'
..
1-31
1-31
2- 2
*3-. 1
/
(quar.)__ v/$l.18%; ,/■
____
Inc.__—
preferred
(qual*.)——
(J. J.) Co., 3%% pfd.
1-22
4-21
•
.
25c
bfd.
(irreg.)
4%%
1-15
1-16
1-10
1- 9*
2-23
(quar,)_____
Brothers, Inc.;
Newberry
-
'
($2
share held.__—
for each
New York Fire Insurance
•
,-
40c
stock
New York.Air:,Bi,ake___y_/y__y_iii:^1-^i__y_,y
Y.
,
.
(stock dividend)—
Jersey-Worsted Mills
T/'o
•/••//'*■
$1.25
"/ 10c;
5c
(quar.i
additional share of common
National
2-14
2-2
(quar.)
preferred
Mallinson Fabric
,
3-2
1-12
2-16 y; 1-30
246,\/\lr3Q
-4-1
3-15
4- 1
3-15
4- 1
<3-15
1-30
/ 1-16
/i$1.12y2
$1.25
com.
5-15
8-14
1-20
145
1-15
„
40*30
$l.5C
-y-y—-y-.-y_:
Service Corp.,
1
2- 2
2- 2
2- 2
2c;
2- 1
2c
5-1
2c / &- 1
preferred./(quar.) iAiU-yi-;—A--y—
par)
New
1-20
15c
1
1-10
1-19
1- 9
1-15
2- 2
2- 1
2c
National Pressure Cooker
N.
1
(quar.)__.
4%'/o'
New
2-
15c
_____/
i._y__-_^z
National
1-25
15c;
Extra.
2-14
1
2
2
1
80c z
(quar.($0.296875
*
50c /
Y.)
4% %
3- 1
y 69222-
50c
(quar.)
—
National Linen
/
1-15
65c
(quar.)___
6preferred B (quar.)—__
National Liberty Ins. Co. of America (s-a)__
f
'
1-31
•
$1.75 /
National Lead.
-One
1-15
2-i5
$1.75
$1.75
25c
56Vic
25c
(increased)-Mfg.
Products
Distillers
National
"5%^
1-9
2 1
3- 3
lc
(quar.)_
(N.
National Container,
■
2-
■
—
National
•-
2-1
Manufacturing Corp.—
National
1-31
1-12
2-2
1-17
1-20
87V2c
(quar.)—
(quar.)
___
Evtra
2- 5
>
1-10.
Development
Narragansett Electric. 4,/2V* pfd. (quar.i____
■/Nathan Straus-Duparquet (increased quar.)
2-lv
3- 1
•
(quar.)
60c pfd.
pfd.
&
preferred (quar.)
y_;
preferred (quar.) —
$7 preferred
(quar.)
Munising Paper Co.. bio 1st pfd.
^
1-10
1-30
5RV4c
conv.
Mining
Mills,
1-12
1-30
62,/2c
(quar.)
(quar.)
Rice
1-1F
America—
A
Oil,
z
37'/2c
37'/aC
Quarterly
(quar.)
Co.—
(quar.)
$7
1-23
:
(quar.j
Diablo
Mullins
•
2- 6
(quar.)_
(quar.)
(quar.i_
(quar.)
of
Corp.
preferred
Mount
,
Kingan & Co., 4% preferred (auar.)$1
Kings County Trust Co. (Brooklyn) (quar.)_
•
$2 0
Kinney (G. R.) Co. (year-end)
v
2Rc
Company,
Plan
Mount
3- 1
/-
$6 preferred
Co.
Morrison-Knudson, b'/o
12-23
3-10
..I
Co.,
&
pfd.
(quar.)—
_______
Morris
,
y
K6llogg Switchboard & Supply
b%
preferred (quar.)
(John)
Extra
25c^2r28/,• .1-31
Jia
1-31
12-31*
t$l
1-31
1-15
'60c2-1
1-24
$1.12V2 / 2- 1
1-24
quar.)
Power
Montana
North
3.80%
1- 6
2
1-15 /
2
1-15
•
.
7% pfd. (quar.)
Canada^ Ltd.-r
($5 par)
(quar.)
Co., 6% conv. pfd.
pfd. B
Brothers
2
preferred B
50c
$7
2- 2
—
of
12-31
2-
share of common
(initial)
1-31
1-20
2-
Kansas City Power & Light Co.—
1- 9*
$1.25
a
held)
Kalamazoo Stove & Furnace
1-26*
1-10
83%c
._
preferred
Resistance
Kable
,
General
common
2
General Motors
Corp.—
$5 preferred (quar.)
$3.75 preferred
(quar.)
(%s of
share
preferred
7 fo-
Int'l
1-15
40c
(quar.)____
^
1-15
1-31
each
2-15
$1.20
4-10
t$1.75
2- 2
t8%c ;: 2- 2 /:
.7y2c/
2-2
International Utilities Corp.
(quar.)___
:22'AtC.-'-.3- 1
Intertype Corp.
//:
40c
3-15
Investors Stock Fund (irreg.)
——,
14c
/ 2-20 " /
Jacobs (F. L.)
Co., br/o conv. pfd. (quar.)_/'. 62'/2c^ >
l-31. .i
Jaeger Machine Co
_/_//
40c
1 3-10
Jantzen-Knitting Mills, common (quar.)—_
;/- 15c
2- 1
b'/o preferred A (quar.)
Z
$1.25
3- 1
Preferred B (quar.)
Sl.QSVfe
2- 1
Jersey Central Power & Light—
■
//■■
^ ■■■'■ :.z////i,.
4% preferred (quar.)_i
$1
2-1
Jewel Tea, .3% 'to preferred
(quar.)
93%c v 2-2
Johns-Manville Corp., 3Vz'/o pfd. (quar.)___
87y2c
.2-1
Johnson & Johnson 8% pfd. (s-a)
$4
1-31
4% 2nd pfd. A (quar.)
Z/V/. $1/2- 2
1-15
12Vac
20c
New
7%
1-15
30c
87 Vic
-
1-15
1-31
for
1-15
1-20
-
25c
common
preferred
Inc.
3-31
1
25c
(quar.)
Food
Mills,
12-31
2-
$1.75
preferred A (s-a)
convertible
1-22
4-15
15c
Baking Co., common
General Cable Corp., common
General Cigar Co., common
7%, preferred (quar.)
4%
6-15
55c
common
preferred
General Finance Corp.,
3-15
1
$$1.12%
.
General
Co.
Stock dividend
1
7-
1-15.
,/
$1.62V2
$1.10
i
—
4-
15c
(quar.)__
Gamble-Skogmo, Inc.
-General Electric
2
t35c
(quar.)
conv.
2-
$12.50
(quar.)_
(quar.)
Froedtert Grain & Malting,
$2.20 preferred
(quar.)
Co., ,5%
1-15
37Vic
(irreg.)__
(A. J.), Ltd., common
preferred
1
2-16
37 Vic
(quar.)
Insurance (s-a)_
Industrial Secur.
1-15
2-
12Vic
Co.
4Vi% preferred
2-1
15c
(quar.)
(quar.)
Foster-Wheeler Corp.—
6% prior preferred (quar.)
;
6% prior preferred (quar.)
2-2
$1
(s-a)_
Implement—
(accum.)
2
1-7
1- 7
Institutional
Group Shares
Inter-City Baking, Ltd. (extra)
Interchemical Corp., com.
(increased
4-/2% preferred (quar.)_
International Business Machines-/'
Power
.
2-
1-15
16c
Silica,
1-20
1
1-20,
$1.50
4.80((>
12-30
/ 1-26
50c
2
Co.
Fomr-Twelve West Sixth Co.
2-16
Chemicals
1-31
2-
1-20
1-31
& Ontario Paper Co._____
Mississippi Power & Light Co., $6 pfd
1-15
1-30
1-21
2- 2
______—_
t25c
$1.75
Schuylk il Haven RR. Co.
preierred
$2.25
(initial)__
com.
2- 2
56yiC
(quar.i__
Industrial
'
Foote Bros. Gear & Machine Corp.,
'Extra
3-10
20c
(quar.)
com.
$25c V ' 2- 2
—.-45c
2-20
4% preferred (quar.)
$1
2- .2
Illinois Power, common (quar.)
50c
2-2
5r/c convertible preferred (quar.) w.__—62%c
2- 2
Illinois ; Terminal/RR. -Co./(quar.)—48c
; ,2- 4
Imperial Tobacco Co. of Canada—
4%
preference (initial)
t25c
2- 2
Indiana Associated Telephone Corp.—
$2 pre/erred (quar.)
W
50c
2- 2
Industrial Brownhoist Corp. (quar.)
15c
2- 1
1-19
87 %c
preferred
1-26
25c
Co.,
&
tquar.i
Minnesota
1-15
20c
Refrigerator
preferred
$2.25
5
$1
$1
•
'
1-31
Hydro-Electric Securities Corp.—
b'/o preferred B (s-a)___
Idaho Power Co,, common (quar.)
1-21
Tire
$1
,
shares
additional
$6
preferred
Monongahela Power Co., 4.40'r
(quar.)_
Hoving Corp. (quar.)
Howe Gil
(irreg.)__.._
7-15
Stores—
/,
pid.
.
T..'••
(two
1
Extra
•', "5%
dividend
8-
50c
(quar.)
First Boston Corp., common
Class A
$3.50
1-15
1
1-21
Gabriel
2~2.
5-
1-31
Fulton
1-23
2- 1
$1
Franklin
1-31
50c
(quar.)_
Treiman
Mnmfnoolis-Moline
50c
Department
Foundation
Mine H'll
1-23
for each share held)
Fidelity & Deposit Co. of Maryland
Food
1-12
1-31
Houston Natuial Gas—
Firth
t
; 2- 2
25c
Houston Light & Power, $4
$1.50
v-
50c
•
1-20'
1-31
...
__/___
(N. Y.)
4a4'Z
y__
1-31
45p
(quar.)_-
20c
$1,1834
common
(quar.)
Co.
Co.
1-19
(quar.)_
3Vi%
Hartiart
(Joseph)
Extra
prior pfd.
-i'
&
Home
3-16
Inc.,
2-16
1- 8
■/'
Shoes,
Year-end
.
$1.50
(quar.)__.
2- 2
1
$1
Miles
1-24
1-24
2-16
common
.2- 1
4-
1-15
62y2c
50c
.
(increased quar.)
convertible preferred
Firestone
•
& Co.,
2
50c
preferred
Stock
(quar.)
Fibreboard Products,
~
(quar.)_^
1-25
$2.50
Inc.
Fedders-Quigan
,
Horn
12-31
(Syracuse)—
/.Common
4V4%
6'/c
<s-a)___
/____
Inc.
(Geo. A.)
$25c
(quar.)
Quarterly
Federated
Co.
(N. Y.i
-2-1
$2 '
Quarterly
Park,
Quarterly
-1;
Hormel
Co.
50c
Eureka Pipe Line
Farmers & Traders
Fashion
Oil
Horder's,
3-31
:
Insurance
Home
Emsco Derrick & Equipment—
^
87Vic
87Vic
87Vic
87 Vic
20c
20c
y—-y—20c
—
—
20c
—_____
/
-4-.1
3-20
7- 1
10-1
12-23
6r20
9-20
12-16
X'-X-
•/.
NorfoUc'.&^Wftfifcern
•M"
RR.
($25 par) (quar.)—
7> gw. (s-a>—___
Works (quar.)—
ftdjaKfiment" 'tpreferrcd
.Engineering
Raolfic^ RyKul
Northern
Nurtuern
6%
Extra
;
'
4 te%
preferred
(quar.i__
com.
(quai\)
12-31
2-
fluey
Mines,;(in.ttT*m)'}
Ohio-Apex, Inc. ■
Casualty Insurance
Oxialioma
Gas
is-ai
Electric
&c
Ckon.te Company
^3c
'
l'Oc •
40c
__;
Lmio
—
1-31
>V%% 55c
com
■
2-
'4B8^~4prefBrreu
1-20*
00c
2-
_'_
50c
1-29
1-
9
35c
2-25
'2-
2^
Company uric*,.)-——$3
tactile Finance Corp., o% pia. (qinu.;—_
$1.26
4(a% convertible preferred iquar.$1.12'te
1-2o
1-20 V
Pacific
Lighting
2-16
Pacific
Public Service
Oliver
Elevator Co.
Ot:s
outboard
(quar.)
(quar.)
(lrreg.i.—
Marine
&
,—
Mfg; Co.
(rrreg.)__i__—
Outlet
.$1.30 1st
"1
(v_aLi.i—
Inc. (qtiari)
Corp.uv. ,Y. /
Peabody Coal Co., common
-
pfd." (This payment clears arrears)
5 te% pfd. (accum.)__
.Peninsular Telephone Co., com. (quar.)
6%
___
PeLer Brewing,
»3
preferred
iquar.)
—
(quar.)
t>% .preferred, iquar.ri4.__w_-ii._^__ir_j_
Penn Investment Co., $4 non-cum. conv. pfd.
com.
—__
____
Traffic
Penn
(Co.
ns-a)
3-
1
:
•
6-30
1
4-
-
3-15
.2-16
.2- -2
fi
1
:fV
'
*'■■.
-:
-
2
1-13
2
1-13
1-30
'Phillips Petroleum Co,
f -Pilisbury-Mills, .Inci, cqmmon'
S4
preferred
Potumac
Proctor
Gamble
&
Provincial
Co.
Ltd.
Transport,
Public Service
of
Co.
preierred
;
3 «t
1'
3-
:
1
(quar.)
com.
SwL't
3.35'yj
Public
preferred
Service
6%
preferred
Purex
(monthly)
^
6%
Corp.
Randall
of
2-
1-
9
iD.
M.)
2-
2-
Class
Reed
C
A
tC.
A.)
2-
1-15
2
1-20
2
1-20
10c
1-30
1-15
4-
2
3-
2-
1
Trane
1-21
'
r.„S2%c
1-16
25c
4-
1
3-
9
5%;
4-
1
3-
1
3-
9
;
€%
•B'Ac
-:
preferred.(quar:)
Republic-Iwvestdls-Fund,'.Inc.—f '•
~*rt
"•
2-2
1-30
Revere
I6c
25c
$1:3-1 V4
2-2
*
_
Revere
Racing
Rheem
■
Manufacturing Co.,
Rice-Stix
-
Association(irregliL-—1
common
Dry poods
Richmond
•Extra
2-
1
1-15
15c
(quar.)____
2-
2
15c
—:
Valley Gas_
j._I" •
5c
.Riverside Oement Co. $5 pfd. (ouar.)______
$1.25
Robinson Cotton Mills, Ltd.
(quar.)
J 10c
Rockland Light & Power.
13c
Rolland .Paper Co., Ltd. (quar.)___
115c
_
jl5c
Extra i;
Roosevelt
Field,
Rose's 5-10-25C
Rowe
.
Russ
Corp.
,
%
Co..
preferred
United
Sca.rfe &
Class
B
Schenlev
"Scott
Flour
preferred
Samson
1-
2-
2
'
;
O.
2
2-
2
1-
5
2-15
1-26
2-
1
' 2-
1
(quar.)
class A
Co.,
Corp
-
Upson
5%
Electric
Seaboard
5'a%
1
1-15
1
1-15
2-
1-16*
Container
(Laura)
Corp.,
class A
Security Bank Note
preferred
new
com.
(initial)
(initial quar.)
(initial)
Seihcrling Rubber Co. of Canada, Ltd
Extra
6%
3-
J25c
Shawinigan 'Water &
Corp.
Sheraton,-Inc.
Power
of America
(quar.)___
(quar.)
(quar.)^
<quar.i__
87 Mac
t30c
2-
2
-
1-31
2-16
1-31
22-
2-16
2-
10c
2-
,,
2-2
50c
2
6
1-16
2
2-25
6
.1-16
.1-19
:()
1-16
2-
9
87teC
2-
1
2-14
3-28
The
preferred
1-31
1-10
the original
2-28
1-31
2- 1
1-13
2-
1
1-13
58%c
2
2-16
2-
53c
2-
2
1-15
53c
3-
1
2-16
2-
2
50c
3-
1
2-16
50c
50c
1*26
1-14
50c
—
1-15
1-26
1-14
$1.75
2-
1
1-15
2-
2
1-15*
'
50c
1-30-48
1-15
50c
1*30-48
1-15
2
2-16
1-30
1-30
10c
2-
1-15
2-10
2-
2-
1
1-23
2-
2
1-12
3-
1
2-16
3
1-31
3-12
2-
1
1-19
3-
1
1-30
3-
1
2-11
59c
2-2
1-15
2-
1-15
Petroleum
2
37 tec'
Co., class B
Corp., 3%%
.*■<->
issue.
preference
stock may be
the
to
accrued
dividends
tive
•
5-
1
4-15
37 tec
8-
2
7-15
3-15
2-13
67 tec
preferred—
in
whole at
any
redemption
date.
agents, Continental Illinois National Bank & Trust Co. of
Chicago and Chase National Bank, New York.
Registrars, First Na¬
tional Bank of Chicago and Guaranty Trust Co. of New York.
%
j
PURPOSE—The
net
proceeds will be applied to the cost of construc¬
will be
approximately $35,000,000 during the
1949.
It is estimated that about $8,000,000 w.ill be
obtained from cash on hand
and becoming available from annual
operating revenues of the company, approximately $4,500,000 from the
net cash proceeds received from the sale of the cumulative preference
stock and the balance of $22,500,000 through additional financing.
The
nature of the financing will be determined on the basis of conditions
at
the time such financing
is undertaken.
It is now believed 1hat
such funds will be raised by the issuance and sale of bonds, notes or
other securities having priority over the securities now offered.
tion
-which
projects
and
1948
years
as
an Indiana
Name was changed
and to Northern
Indiana Public Service Co. on Jan. 27, 1926.
Northern Indiana Gas &
Electric Co., organized in Indiana March 1, 1909, was merged into the
company on June 3, 1926.
Indiana Hydro-Electric Power Co., organized
in Indiana Nov. 21, 1921, was merged into the company on June 21,
COMPANY—Company
corporation
Calumet
to
was
under the name
Gas
&
Electric
organized
2-
2
1-15
'73c
2-
9
;
Aug.
2,
1912,
Calumet Electric Co.
Co.
on
Jan.
18,
1924,
1944.
CAPITAL
SECURITIES,
GIVING
EFFECT
stock (par $100)
TO
PRESENT; FINANCING
Authorized
series
pref.
Cum.
—
—
stock
(par
257,820 shs.
211,380 shs.
272,694 shs.
3,$W,"000 shs.
$20)
stock (no par)__
Common
3,'/8.%
due
_1
$45,000,000
2V^%^—5,250,000
notes,
Outstanding
211,380 shs.
+272,694 shs.
+2,181,550 shs.
,
$45,000,000
5,250,000
Aug. 1, 1973—
•Serial
quarter-annually, Dec. 28, 1947, to Dec. 28', 1952.
preference stock is converted into common stock on
272,694 shares of common stock,
the total shares of common stock outstanding will then aggregate
$250,000
•Due
tIf
(quar.)
redeemed
Transfer
JFirst mtge. bonds, series C,
37 tec
137 tec
Brothers
share
common stock of the com¬
1957, on a share-for-share basis.
It will
sufficient to redeem .2% of
1-15
50c
dividend)
:
stock¬
common
convertible into
1-15
Gooderham & Worts, Ltd.—
(Hiram)
is
Preferred
$2
(s-a)
—
.
1*21
$1.50
62teC
75C
$1.06'A
(quar.)
to
^
Publicly
1-15
"3- 1
stock
The cumulative
1-19
15c
mailed
,
time, or in part from time to time, at the option of the company, upon
notice published once in each week for at least three successive .weeks,
by payment of the redemption price per share plus all unpaid cumula¬
1-31
160c
(quar.)
preferred
preference
to and including Dec. 1,
pany
1-15
125c
Co.—Stock
have the benefit of an annual sinking fund
1-15
138c
has
company
;•
^
Service
all
cumulative
the initial basis the company will issue
and
2,454,244
—
shares, and the capital applicable to the common stock will
JThe amount of bonds issuable under the first mortgage
is unlimited and, subject to the terms thereof and the inden¬
be $19,305,237.
*
2
<
V'
,
pire on Feb. 2, 1948. The offering is being underwritten
by an investment banking group headed by Central
Republic Co. (Inc.), Blyth & Co., Inc., and Merrill Lynch,
Pierce, Fenner & Beane,
3-10
,
6%
*
-
5%,
cash
this company for the week ended Jan. 10, 1948,
kwh., as compared with 56,991,000 kwh. for the
output of
62,600,000
'
1-31
(quar.)
Warren
2-18
2-18
(initial
Warren
:
3-10
3-
preferred
Quarterly
1-15
'
common
Walker
2-18
1-15
2-
v
Inc.—-
Co.,
6%
9
2-18
4-
25c
$0.2917
,
2-
t50c
Sharp & Dohme, $3.50 pfd. A
Sheraton
;
1
1
3-
10c
(quar.)-.;
Securities Acceptance Corp. (Omaha 1
New
12V2C
27%'c
$20c
(quar.)__
(quar.)
Candy Shops
3-
1-30
>
50c
Virginian Railway—
2-11
3-
Raalte
New
1-20
25c
(quar. 1
3-20
2
Verlientes-Camaguey Sugar (quatf.)
1-15
1-
1
4-
15c
2-
1
4-
7 tec
2-
1
1
1-30
Co
Van
2-
6-
2-16
2-16
(quar.)
(Del.)—Weekly Output—
for the week ended Jan. 17, 1948
compared with 56,943,000 kwh. for the
year, an increase of 13.2%.
company
as
272,694 shares of 41/2% ($20 par) cumulative prefer¬
ence stock, junior to the preferred stock, at the rate of
one share of cumulative preference stock for each eight
shares of common stock held.
Subscription rights ex¬
1-12
6-15
25C
12-31
J19c
J31'/4C
(ouar.)_
common
(quar.)
preferred
Secord
Co.
Ltd.,
preferred
Walton
16)
page
to
1-12
1-31
25c
2
3-
1-31
2-16
(quar.)
Corporation and
warrants evidencing the right to subscribe at $18 a
2-16
quar.)
pfd.
*
Canadian non-residents' tax.'
deductible at the source. Non¬
holders of record at 2 p.m. on Jan. 19, 1948, transferable
1-23
3-
,
2-
1
6-23
3-16
(quar.)
15%
Northern Indiana Public
3-23
17 tec
Utility Appliance Corp
91 Vic
,J,Scovill Manufacturing, $3.65 pfd. (quar.)—
Scythes & Co.,
4'/4%
1-17
1
£
9-16
1
(reduced)
1-19
-
Scrantop
Pictures,
Common
1-17
(initial
common
Universal
1-29
2-
8
12 tec
1-31
2-10
8
7-
10c
(quar.)
1-31
85c
4-
9-30
2-16
Leather
S.
Valspar Corp., $4 conv. preferred
"
3-10
62Vzc
—y.— —»
S. Air Conditioning, $7 pfd. A
S. Industrial -Chemicals, Inc
New
1-10
50c
(quar.)—
*"£-15
$1.75
.
'
,%-:l 3-15
58 >/3c
12-31
___:
preferred
$3.40
1
$1.06 Vt
(monthly)
2
(quar.)—___._—
Distillers
4-
& Railways Co—
13%c
(quar.)
Electric
1-23
6-25
10c
2-
(quar.)
2
130c
prior preferred
'
corresponding week last yeal-, an increase of 9.8 %.—V. 167, p. 256.
2-
25c
:
;V''"
V-
.
totaled
3-20
87tec
'Canada, Ltd
60c cl. A
1-15
1-31
35c
(20c
Corp., 55c conv. pfd.
!
this
kwh.,
of
week last
corresponding
8
1-31
2-15
'
t$1.75
:
60c
92 tec
J40c
(quar.)
3-
25c
•
2- 1
1-15
this dividend.
States Power Co.
output
64,447,000
totaled
1-17
1
2-15
$1.12 te
Drill As Tool Corp.,
50c
com.
1
4-
-
—
;•;>*:
tax.
for
(Continued from,
Northern
50c
—
1*13
1-14
1-10
25c
110c
Ltd.
2
,
Offered—The
(quar.)—
Preferred
2-20
1-25
2-
50c
;__
1-15
*2-1
•
4
20c
Universal Leaf Tobacco Co.—
1-20
3-15
(quar.)
(quar.)
1
:
Investment News
1-10
—-
Co., common (initial)—
Participating
U. S. Radiator Corp., 6% pfd. (accum.)
United Stores, $6 preferred (auar.i
United Transit Co., 5% preferred (quar.)
United Util. & Specialty Corp., com. (quar.)
•1-15
,
2
25c
-'Extra .''-.y.x:
U.
i U.
1-12
2-15
12-
2
of Missouri—
25c
(quar.)
common
Mills,
Co., Ltd.,
Paper
2
hoc
iacc.um.)__
Safeguard Corp.
7%
2
2-
General
2-
621/2 c
(quar.)—:
1
2-
1*10
1-14
.
tax..
3
2-
,
prior preferred (monthly)
6.36% prior preferred (monthly)
6.36% prior preferred (monthly)
6% prior preferred (monthly)
6% .prior preferred (monthly)
United Shirt Distributors, Int?. (s-a)
1*26
2-
Rubber
closed
income
2-27
1-30
(s-a)_,
15c
Foods, Inc.,
Lawrence
1-22
20c
6%
4% convertible preferred (quar.)
St.
25c
25c
(quar.»______
(quar.)
Bulldine
S & W Fine
,
Inc
Stores
2
2-16
2•
1
3-
<quar. >—
2-
131'Vic-:
$37Vic
tax
15%; resident tax 7%.
tax
12-17
(qluar.1)
&
1
$31 Vic
—
income
Jamaica
books mot
Less ^British
Electric
'f-massx.R
7%
1-22
Rio Grande-
4-
2-
'
(quar.)
2-
t25c
(quar.)
common
30 %
2-25
2-10
Co.—
Corp.
1
1"- 9
50c
Salle Street
La
1
2-
-
1-17
1
$1.50
.7 %
2-16
50c
(quar.)
Co. (N. Y.)
Insurance
1-24
%
2
3-15
2-
1
—-I——
United Light
2-19
1
2-
1
—
Corn.
7-20
2-
5c
1-19
15c
(quar.)
1*24
12-30
50c
preferred
Ltd.,
Less
a
2-
Co
4(4 %
1
10c
resident
3-
i
:
2-20
3-20
2-
7-31
'
5
$1.75
V
1-20
1
1
50c
preferred '(quor.')
6% preferred (quar.)_
■
5
$1.25
Extra
1-26
1-29
3-
,1-31
2
15c
(quar.)
2
3-
4-
25c
■■1
1-30
2-
$1
2-
25c
25c
(quar.)__
tPayable in U. S. Funds, less
IPayable In Canadian funds,
$1
25c
Co._i_
•
1*24
2-
2-10
37Vic
Gas
1-31
2-
1
(quar.)
County
•Transfer
:
2-10
3-
1-20
x
"
1-15
3-1
50c
4-20
3-22
—
United Distillers ,;of
.
1-26
3-15
30c
40c
$1.12Mi
(quar.)_
preferred (quar.)_:
4Va%
2-16
v'"
1-20
2
1
50c
1-31
3-22
2-
2-
$1.75
4-30
1
2-16
1-15*
37V2c
1-30
2-16
2
V 37Vic
4-
40c
1-15
2-
(quar.)
4-1-1
31V4C
3-15
1
$1.25
(quar.)__
(quar.)____.
Extra
1-19
1-31
4-
1-31
______—
Zellors,
3-43
50c
:
preferred
Class B
1*110
2-16
7
4-1
Co.
2-10
$1.50
Extra
1-30
A
2-9
$1.06'/4
.Yuba Consolidated Gold Fields
"
$3.50
3-10
Reynolds :(R. J.) Tobacco Co.,"com. '(quar.).!■
45"c
Ctommott'/B (quar.)".__—-'^^'ASc'
'
..
1-15
3-20
1-
2
2-16
31 Vic
Cigar-Whelan Stores Dorp.—
convertible preferred (quar.)
United Corporations, Ltd., Glass A (quar.-)
1-15
2-2-48
2-
7
56c
Union Oil Co.. of California—.;
-
%
pfd.
& Construction
Asbcytos
United
2-2-48
(increased)——
:__
Copper (fe Brass 5V4% pfd. (quar.)__
1-
•
York
7
'X United
1-20
2
2-
7%C"
; "
;'preferred;':B":.!(quar.ii.iii^i-ii22-i-_.-ii.' ■"
Republia.ReJaroleum
:
1-20
•
1-
1-21
1
2-16
3-1
convertible preferred
6%
1-10
>
50c
*
preferred
%:$ $3.50 preferred
1-20
"
i$%*' preferred^A-V(quar.
v-f-6%
•
2-20
%2-20
6%?
'
1
2-
1-20
convertible .preferred
6%
1-10
1
2-
2-3
13114c
,
(quar.)__
(quar.)
Axle
$3.70
%
' :
t43%c
(quar.)
Union Electric Co.
"
'■
«
Union
:
Cdiitttidn'jdCofdc^ dlvldendl^i'-£^-ii-£--w
Comimoh/plass A" (stock dividend)
6% l>rior T'eferred lquftr.)_d:-L_-^_i^__I.
2-
115c
175c
1
15c
South
208
9
4-
$1.12%
i
preferred
preference
Company
$4.50
!_.
3-
preference (irreg.)_.
80c
1-15
1
y.
3-11
1-20
2- 1
Co.—
Wrlgley (Wm.) Jr. Co. (monthly)
Monthly
Monthly
Yellow Cab Co., common (quar.)
6% convertible preferred (quar.)
1-12
-110c
•
Association (s-a)
Tung-Sol Lamp Works, common (resumed)__
1-21
1
6%
.
^
1
2-
2-
;
Stock .dividend
$4.50 preferred (auar.)____
Retpublic- Drill A Tool Co.
2- 1
(60c
Troy & Greeribush RR.
Co.—
(cash dividend).
pfd. >(quar.)
Remington Rand, Inc. com.
,
2-
$25c
(quar.)__
Engineering
$2.30 oonv;
'
.
50c
Special
1
2oc
preferred
&
1
One
-y----,
Txansamerica
;
5%
JSlectric
1
3-
(quar.)
Mills
Toledo Edison,
2-
12V2c
80c
dividend).
(stock
Quarterly
12-19
2-
B
ass
Reitn.an's, Ltd.,
Reliance
3-
1
(F. W.)
1
25c
(quar.)
Extra
1
75c
Mfg.„ common
Tishman Realty
2
2-12
(quar.)
1
$1.12 »/2
Quarterly
L_
Co., $2 preferred A
4-
A-
10%
Quarterly
75c
(quar.)
131'Ac
40c
Co.. $2.50 conv.
Quarterly
Reading Tube Corp.
-
3-
$1
convertible
Thomastoi;
1
25c
50c
■_!
1-15
1
Woolworth
(quar.)
com.
Glass
1-23
—____—
Co.—__—
Inc.,
1-16
,<
2
1-27
3Uc
(quar.)
2
4-
—,—i
-_
Thermoid
1-15
2-28
2-25
$0.5056
common
2-
125c
(quar.)__^
Timken Detroit
(increased)
com.
1-15
2
fl5c
A
56 %c
■
1
2-
lOc
Service, 5% pfd.
Wood, Alexander & .James, Ltd.—
7% 1st preferred (accum.)
25c
convertible
$2.40
2
2-
f25c
America
Class
Co..
Common .(quar.)
Raymond Concrete Pile,
$3 preferred (quar.)_
Read
3-1
(quar.)_
2-20
share of Dorset Fabrics for each share held
$1. 25
"
$1.50
class A
1-30
1
(quar.)
Co.
&
Thatcher
-u
(nuar.)
Quinte Milk Products, Ltd.,
\
■>
1-30
1-31
pfd. (quar.)
(Quebec Power Co.
Radio
2-16
162 V2C
,
1
3-
(stock dividend)
Textron,
2
50c
,
.3-
40c
25c
1-15
2-
25c
-*125C
jfvour Mils, Ltd., common (s-a)
Redeemable
preference
(quar.)__
Quaker Oats Co.—
-
1 $ 1.25
^i-eiciiea
Wisconsin Public
o it
2-
$1.25
!___
common
(quar.)
Electric Power
Wisconsin
1-30
>
1-21
2-15
50c
50c
preferred
1-15
__
2-13
'
lJt,r
ru.uy
.
$4.25
1
3-18
1-15
"
"
Candle
Company,
1
50c
1
2-16
2-14
;
1-15
■„
1-21
(quar.)
Baumer
&
3-
_j.
2
1-23
J.—
Corp.
2
1- 9
2- 2
2- 2
12Vic
25c
3-
2-14
;•
1-12
84c
^
2-
2-
1
1-31
$1
25c
2-
1
1
$1.06V4
(quar.)_^_;
Corp. of N.
Wilson &
;
2- 2
(quar.)
Chocolate Co.—
2-15
Tacony-Palmyra Bridge—
5%
preierred (quar.)
Teck-Hughes Gold Mines Ltd. (interim)
Texas Power & Light Co., 7% pfd. (quar.)__
$6 preferred
(quar.)
4-
2-
Public Service Co. of New Hampshire—
.
2-13
$1
Biscuits, Tnc.'_—i_Ji___—
Special
2-1L
4-15
t30c
41'VStC
is-a)
Colorado,
Will
3-10
rSuperior DilDo."1rf ,California; ;(irreg.)iiJ__w
;
2 * -6
75c
(quar.i___
1-31
13c
—
common
-4%:% ,class A tptd;
Common
"
4^1%
$5 preferred
2-20
HOC
Cidthier, oommon
&
Co.,
-Sunshine
1-15
1*20
Oil
Sun
1-15
90c
(quar.)
Wilbur*Suchard
1-15
-
93%c
$1.37'/2
4%
50c
($1:25 preferred (quar,)..I____
-Suburban Elec. Securities, $4 2nd pfd. (quar.)
9
1
2-
$1
it;
(quar.)—
v
4-
*
(quar.)_
25c
Struthers Wells Corp., common (increased)
:
(50C:•
•
1-
1-30
75c
—
preferred
3.60%
Strawbridge
1-9
1
2-1
$1.25
(quar.)—"
(quar.i
Edison,
1
2-
(quar. i
____
12*31
2-
.90c
$1'
yf,
1
•
2-15
$1.25
$20c
White's Auto Stores
.
125c
'
prior preference
^ Stouiffer Corp.
-
rquar.>__
1
2-
_—
1-15
1-26
■
>
preierred
2-
1-15'
St:x Baer & Fuller (extra);stokely-Van -Camp,,Inc..^common
r
2-
Bermen(ente-(Ceittehi;:^/::ti»itUii)^4^^^^--^;
Philhps-Jones Corp., 5%
V
convertible preferred
10c
Steirn & Stern trextilea, 4y£%yptd. (quar.)__
Stevens (J. P.)' A; <^.; ino.v ('quar,)
2-
preferred (quar.)
4% 'preferred '-(quar;) ',~~L■; ;
97M2C
JStein'-KA.)i•4£.;Co,:'!(quar:);%2ii-Sai^-S^L--r,-r
/60c'
3.60*%
1
$1.03%
$1.25
1-15
1
3- 1
&
1-15
1
32-
1-15
2-15
prior lien (quar.)
White Sewing Machine Corp.—
$2 prior pref. (qujar.)
$4 conv. pref. (accum.)
'■
1-15
2-
2- 3
75c
Wheeling & Lake Erie Ry. Co.—
••
:'JH18;
1-20
31'/4C
2-16
:: ■'■■••
40c
1-16'
1 > *\>25c
•Philadelphia Co., common (year-end37 tec
Philadelphia Electric Co.—
_
4.40% .preferred Oquar.,$1.10.
3:8%. .preferred <quar.)-w^._ii_J.i.u—l-iu-;i
*95c;
•iPhil.p Morris & Xlo., Ltd.; Jac.^ ^
:^
^
55c
1
92'/2c
1 iq-o
:
1-31
-
.v
."'/L3Q.
1-16
2- 2
(quar.)
common
Westvaco Chlorine Products Corp.—
$3.75 preferred (quar.)
.
'
2
2-
Y.i—
1'Semiannual
■
2-
—
>
1-30
1-26
67Vic
3 te'%
preferred A
tquar.)
'
Peoples National JBank (Brooklyn,- N.
% $1.20
Standard Steel Spring Co..,
2**71'
4% coht, pfdrlquar:
l——2- 7
Standard Wholesale Phosphate & Acid Works,
6-12 •
Inc. . (quar.), ——;
3-15
Stanley Brook, Ltd., class A (quar.)
3- 5
Class B (quar.)—
—;
1_15>
Steel Co. of Canada, Ltd. com. (quar.)
1_ 2
7% partic. ;pf«i. tquar.):
L_—
—
>
■'
Participating i-.:;:
•
15c
Pennsylvania Bait Mfg.'Co.—(
2-16
Prticipating
1-15
-
•
130c
5
2- 2'
25c
preferred
.
.
1-26
3-1
\
$1.06&
(quar.)
pfd.
1-
——_
75c
1...
Stationery Corp.
(quar.)
;
Westminster Paper, Ltd., common
2-5
3-12
1-19
J-d9
t
Co.-—
—
RR.,
[Holdert
Payable 01 Ree.
2-16
preferred A quar.)
5%
1-5
1-31
2.29
(quar.)
51
.3-25
f '2-16
.
(accum.)-
Paoitic
5y2%
(quar.)_
2- 7
'90c
—
___—
Pcnnsylvania.JPower Co., 4.257®
1-31
5%
25c;
—:'$1.50*'
:;
—
$1175
(irreg.)„
Co.
A
Western Tablet
'
•
*3-1
$$1.50
-
9
1-24"
'i-30 '
-
"
.
■
5
2-
.
%""5% priornreferred__,i^;_-cr-^-^_uL_l__^__
1-
2-14
75c
.&'/v
50c
$0.2083
"
$26"
' 88% c;
50c
25c
176c
__
(siuck - uiv.;v-
i:
1-16 %
2
1-31
2c
(initial)
Park. 4i- Tilford,
Penmans .Ltd.
2-
32 tec
35c
(Payne, Cutlery
,1-20
;
(reduced 1
Co.
37'/2C
(increased quar.).—
ttquibb CE. R.) & Sons, $4 pfd. (quar.)
Stadacona Mines (initial)
Standard Chemical Co., Ltd., com. (quar.)_
5% preferred (quar.)__
Standard Dredging, $1.60 conv. pfd. (quar.).
Standard Fuel Co., 4V2% pfd. (quar.)
StaLdard Paving & Materials, v Ltd.—Common' (initial);
Partic. conv: preferred--——:—
1-15;
2
5
12-31
Spencer Kehogg & Sons
i-io
2-
'
City Consolidated Mines (Utah)
4.15%.
Sovereign
1-
5% pfd.
V 1-16
(quar.)__
(quar.)—
(quar.)
*(quar.)_
Investors, Inc
3.90%
.
1-15
2
2-2
75c
(quar.)
Co.
preierred iquar.)_i__-__i.___i._-._
Davis
Parke
Park
Corp.
1-15
1-31
3
1-30
'2-16
Class
Western
Co.—
pre.erred
preferred
preferred
3.70%
1-15%
2
2-
$2.50
1-10
Soutnwestern Public Service, common (quar.)
*
______
'Corp. 4 V2 % conv. pld.
United 'Filters, claso a
Oliver
Ltd.
Power Co.,
Indiana .Gas-t& Electric
Share
■.;
:
Western Insurance Securities
1-10
2
25c
(initial)—
preferred
$2.20
.
$1
$1.12 te
(quar.
2
2-
125c
preferred ; (quar.)
—
Southwestern Associated Telephone—
1-21
2-
125c
4.8 %
Iz-UL
West Point Mig.
28c
southern
-
1-15
$0.2542
Qbuwieirn Canada
.
1-30
1-15
2-14
pref. (quar.)—
1-23
V '2- 1
12-27
2-14
130C
1-15 ;
:
1-28
130c
(quar.)—
com.
1-15 '%':
2-25
■
Ltd.
—
fyconv.
2-16
O'Brien tSdid-
'
*r
1-15
1-15-*'U^M%
1-30
(quar.)
■
(initial)
common
(quar.)
preferred
25 c
Ltd. (quar.)——
Soutfaferh^liforriia Edison common (quar.)_
2
1-30
preferred
7%
25c
O.) Corp.
SmithlHoward) Paper Mills Ltd. com. (quar.)
2
Nuan-Bush Snoe Co., common (quar. )_-%_*_/
20c;
preferred (quar.)_____ —: '.$1.25
6'%
1-10
Smith (A.
A
1-16
2-
% ,0%
1-10
1
—
—
l-lov.v> SotttfeaairCqu,
1
1
2-
—
U!vfra
Extra
i2-
3-
2-
120c
——
(quar.)
Corp.
Slatbtrv'-iN^Oo,,
1-15
1
2
:
120c
When
Per
.
Name of Company
West Penn Electric Co.,
.—
'Kxtrty' jytl
12-31
2-
Oil
Sinclair
1-20
% 1-31
(quar..*)
Sigma Mines, "Ltd.
a
1-20
25c
-22 tec
$1.12"te
-
Nortnwestern Public Service,
1-
Hoiaer•
Payable of Reo.
Ltd.—
Extra
%.
$1.75"
$1.50
$1.50
283Ac
'(preferred- tacoum.)__———;
•%.
preferred
(accum. >—*.—
Northern RR. of Nevy Hampshire (quar.i___
Northwest Airlihes, Inc., 4.6% pfd. (quar.)_
Northwest Engineering t/0. tqua-.i—
__
7%
1-16
2
2-
Canada,
of
When
Share
v
(471)
$20c
Common
•
-
'
1-14
1-12
1-27
$3.50
ttcX-'-X? $1
'
..
.
.
2-10
: 2- 2
25c
;•
——
—
Northern States Rower' i Del.)—.
r
Name of Company
.v.1:.
Sherwin-Williams Do.
North Carolina RR. Co.,
CHRONICLE
Per
oj See.
: ■
—
FINANCIAL
:
Holder*
•":*** v iV/ien
% Share Payable
■
VI Cun-uani '
vaiu*
.
&
THE COMMERCIAL
Number 4667
Volume 167
Washington Gas Light Co.,
$4.50
preferred
(quar.)
$4.25
preferred
(quar.)
Weill
(Raphael)
Extra
&
Co.
common
3 7 tec
(quar.)
1
1-19
$1.12te
2-10
1-24
$i.06y4
2-10
1-24
$3
1—
1-24
$9
;
;
indenture
1-15
(annual)
1-24
1-15
tures
supplemental
Engineering Co
Wentworth Manufacturing Co.
15c
12 tec
(quar.)
"
3-
1
'2-20
2-14*
2-
2
-
is
BUSINESS—Company
mission,
the
12
the
in
a
additional
bonds
public utility
of
any
series
may
be
production,
operating company engaged
manufacture,
purchase,
supply,
trans¬
distribution and sale of electrical energy, gas and water.
For
ended Nov. 30, 1947, it derived approximately 60% of
months
operating
30c
(quar.)_________
thereto,
issued.
principally
Wellman
Westchester Fire Insuiance
2-
2-
2
1-15
its
10c
2-
2
1-15
operating
revenues
from the sale of electrical energy, 38% of its
the sale of gas and 2% of its operating rev-
revenues from
52
onues
from
THE
(472)
water.
of
a
mately
diversified
the
of
shares
272,694
as
($20 par)
stock
preference
cumulative
of
subscribed
not
are
for
Paine,
Webber,
Curtis
A.
now
In
Co.,
Harris, Hall & Co.
First
Paul
Davis
H.
3.60
3.60
Blosser
&
Farwell,
(Inc.)-- ,7 3.60
Co.——--2
California
____
2.75
City
Co
&
Chapman
1.80
&
Co.-l
Co.,
1.80
Mason.
Co.__-
&
^•V. 166, p. 1791.
Cross
from
Wet
from
Wet
ry.
profit
Divs. fr. allied
-Earnings—
$131,783
29,981
Loss, on
ry.
26,955
,
i
sit ** 723,787
840,359
1,038,376
251,581
439,050
830,266
*; * 45,860
42,721
157,149
324,863
* Deficit.—V.
166,
sale
§Net
■;
Old
Poindexter Distillery,
Inc.—Preferred Stock Of¬
is
not
to
shares
sold.
are
Such proceeds
-
Common
,
.,.
Authorized
pfd. stock (par $20)
stock
etock
will
be
of
reserved
the
for
issue
*
has
$11,285
$719,040
'•$56,017
1,501
32,830
10,218
tCr50,000.
$235,859
$9,784
$486,308
164,883
164,888
164,838
$1.43
$0.06
$2,95
Nil
'
■_
conversion
upon
each
of
share
$134,405L
$35,522
$32,802
$199,000
of
taxes
etc.
$129,805
of
Fluorine
eight.
to
company
of
and
interest
all
changed back
was
the
in
♦The bonds
interests.—V.
is
gaseous
a
substance
chemicals
similar
to start soon and the first
to
unit is expected
CO;,- Inc.
In
the
1941,
Poindexter"
,
whisky under the trade
the
present
The
Ration
:
name
principal
is
The
week
:
stock
of
to
be
electric
Distillery.
is
&
Co..
are
ended
Jan.
Martin,
15
Inc.
O. H. Wibbing & Co.
Stirling Morris & Bousman,
12
Herriek, Waddell & Co., Inc.
.
15
(Inc.)
K
stix
5
Mason,
Hicks
W.
«fc
L.
and
the
Burns
&
,
Lentz, Newton & Co._
Co..
Inc.—
I
EARNINGS
Years Ended Dec. 31
1946
1945
$1,199,621
$1,237,103
1,035,327
1,458,944
941,522
1,003,758
91,899
52,136
9,953
2,562
26,551
11,030
2,180
191,759
137,424
89,051
57,294
$522,955
$156,913
$173,488
expense
Unabsorbed
Selling, admin, and
nci
,
uium
Other
income
The
42,594
20,245
16,990
$173,903
$191,741
72,031
49,675
35,345
11,805
199,626
49,904
69,320
charges
Net Income
167,
$408,548
$293,899
$88,654
$110,615
256.
p.
O'okiep Copper Co. Ltd.—Earnings—
Period End. Dec. 31—
Long
tons
blister
1947—3 Mos.—194G
pro-
•
duced
4,471
pletion
deprec.,
1947—6 Mos —1943
3.662
9,339
$737,128
$319,532
$1,461,284
$715 356
1,021.056
taxes—
and
1,021.056
1,021.056
1 021 056
outstanding
Earnings per share
___
$0.72
NOTE—Conversion
'*
■
,
.
rate:
*'
'•
The
directors
the
capital
' "'t, -1 '''
<
Payments
in
pents. each;
Jan.
on
stock,
1947
declared
15
Feb.
follows:
as
25,
~
•
$1.43
166,
"
' ^1
:
V.
'J'
'
•
•.
60
a
dividend
25
to
Feb.
cents.—V.
25,
of
of
Mav "26
166, p.
cents
35
holders
per
record
r
and
share
Feb.
Aug ' 25
2.
to
suit
e'ear
common
Power
the
Co
of
the
two
trustees
of
Pacific
owns
47'/)
Sunray officials said
of
and
Mission
Mission.-;
the Getty's
Corp.
into
Sunray.
Pacific
!
Pacific Western stock could
P.
issue
The
received by
.
.
fractional
for
3'/2%
year
Dec.
at
O.
31,
No.
Box
interests
be
V
' :
'
and
Ripley
the
common
Pittsburgh
Co.—Bonds
The
interest.
firms
bids
received
100.18979;
The, issue
Blyth
100.0399.
bonds
& Co., Inc.,
for
a
bonds
&
3 V* %; coupon
<fc
Power
Co.,
102.0893;
102.073...
,
and
'7
the
To
Brown & Sons,. 100.0899,
the
&
same
Co.
coupon,
and
102.651; Glorc. Forgan & Co.,
,
company
and Halsey,
received
Lynch.
Merrill
thf
Pierce,
102.437, Rnd The First)
sufficient
($14,977,886) will be added to the general
and such funds will, p^'ng.other things..be
expenditures during 1946 for the iconstructioa
proceeds
company
Inc.,
power
previously spent
extent
<n) to advance tunas to BraudocK Light &
its subsidiary, to be applied towards the construction
company,
reimburse the company for funda
the expansion of its facilities.
plant and (iii) to
in connecticn with
that
the
for
the
net
proceeds
construction
the sale of the bonds are not
the company and its sub¬
from
programs,
presently expect to obtain the balance of the funds required
therefor
from
operating revenues and from the issue and sale of
additional securities either by' the company or its subsidiary.
sidiary
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
•
.Outstanding yV
Authorized
;;
bonds:
First mortgage
$20,000,000
3
series due 1966, due July 1, 1966
series due 1974, due Dec. 1, 1974
314%
series due 1975, due Aug. 1, 1975
10,000,000
3*4%
series due 1977, due Aug. 1,1977
3'/»%
-3%
payable on
or
,
5,000,000
.
5,000,000,
l5,000,0pp7
series due 1983, due Jan. 1,1983-_
notes
2%
7
before April
$12,000,000
7-l£000,0bo: * 7
3.60% pfd. stock ($50 par)7._-—__—_
400,000 shs.
225,000.shs,
1,
1952.1
Common
stock
($10
the
1
par)—'-—;
♦Additional bonds may be
with
provisions thereof
5,500,000 shs.
and
the provisions of
Rip;
.
indentures 'supple*
-.,-7
■
AND
.
2;961,250shs,
issued Under the indenture on coriipliahce y
mental thereto.
BUSINESS—Company
1896, under the laws of the United
District-ot•Columbia.:' * '
,7
•
.
was
incorporated
in
■
:Aprli^
States of America relating to tho
1
77.7,
- -r yJy,): ,7.-'7
,«
,
~-
.
is principally engaged in the generation;;.transmission^^.
distribution and sale of electric energy in the District of Columbia and
The: company
in
a
limited
contiguous
The
Braddock Light & Power Co.> Inc., an electric utility company engaged
in the distribution of electric energy in a small area in Virginia ' con-S
tiguous to the District of Columbia.' Company;supplies' the subsidiai-ywith its entire electric energy requirements and al3o furnishes, it, aft
7: 7
with
engineering, operating and miscellaneous services.'/ The
7 subsidiary is constructing a power plan, the first 30,000-kilowatt turbo*
'
Lehman
were:
Bros;
&
generator unit of which is planned to be available for service In 1949. y
The major portion of the electric energy sales of the company anct
its subsidiary is" to domestic and commercial customers, including thp y
United States
and District; of Columbia' governments.
There- is 4 '
102.14: W. C. I/^vlev
Y'7:\7-;77\V77>>77.
■■■*: >'
-:*•'
7 7 :
'
y
cost,
'
7
small amount-of heavy industrial activity in the area,
served by
the company and its' subsidiary and revenues from sucH
interest payable at office
of trustee, Chemical Bank & Trust Co,'in New York City,
Supplemental -. .sales are correspondingly small. ' Capital Transit Co., which operates a
".street; railway and motor bus transportation system in the District of
indenture under which these bonds are issued provides for an improve¬
Dated Jan.
1, 1948; due Jan. 1,
7,
>
1978.
Principal and semi-annual (Jan. 1 and July 1)
,
l"
comparativCy
,
and
before
sinking fund,
April
30
in
payable
each
year
on
or
.
territory, largely suburban and., rural, in Mary* 7. 7
land, and interchanges electric energy with a neighboring utility system*
company's system is interconnected with that of its. subsidiary*
,
com¬
Corp., 102.13; Shields & Co. and White, Weld <fc
Glore, Forgan & Co. and Central Republic Co.,'
7; 7 V. 77 ,7-
7/-
/
Go.^Bpnds 7Qffered-^White? f
Peabody
Kidder,
the
of
Co.,
new
a
Alex.
100.039.
a
3Va%
meet
to
program
of
the
(i)
used
and
Inc.,
w.ith
Beane,
of
funds
First Boston
"
Power
'
^
a
*
' Bros., 102.2259;
Salomon
3 VsS". were:
Kidder, Peabody & Co. and Alex. Brown & Sons.
& Co. and
at
-
Corp., 102.286.
Boston
stock
oversub¬
"
100.04, and Halsey, Stuart & Co.
as
v-;
t
received
been
the
*
*'
*>■
awarded Jan.-20 on a. bid. oi l00;4509;
Other bids
for bonds with 7 3% coupon were: Kuhn. Loeb fi
Co., Inc.. 100.30; Lehman Bros., 100.0313; Harriman
was
bids:
following
bid of 100.3191.
on a
for -the
has
awarded
were
•*
and are due Jan. 1, 1983.
Co.,
&
Fenner
30,
Offered—Harriman
•
company
Blyth
bonds
For
this company ceased to be
shares of stock or full deben¬
full
for
in
7
.
severally to be purchased
•
Electric
Stuart & Co. Inc..
.
of
debentures
1947
926,
Edison
accrued
Bids
ment
not
"
'
offered
21
Co.
ley & Co., Inc., and Union Securities Corp. on Jan. 22
offered publicly $4,000,000 first mortgage and collateral
trust bonds, 3Vs% series due Jan. 1, 1978, at 100.486%
Inc.,
and
Western
about
Co.—Weekly Output—
enly the
Hutzler,
established by the late Sarah C. Getty.
shares—about 859<—of the outstanding Pacific Western common.
Sunray Oil Corp. attempted last December to make a direct
purchase of
these shares at $68 a share.
This followed the collapce of a proposed
Western
20
"
directed
merger
the
Other
these
dispose of
trust
"
Salomon Bros. Sc Hutzler and associates on
$15,000,000 first mortgage bonds," 3%
series due 1983 at 100.99 and interest. Bonds are dated
1948
17,
petitive sale Jan. 22
fi'ed in Superior Court at Los Ange'es, Calif., on Jan. 20,
the way for the sale of 6^9.422 shares of Pacific Western
holdings is sought by George F. Getty, II,
eldest son of J. Paul Getty, in a petition
technically against Thomas A. J. Dockweilcr, the other trustee.
Holdings of all members of the Getty familv total about 1,100.000
one
company
.
Weld & Co.,
Jan.
ended
certificates
scribed.
was
stock held in
in
and
30
'
762.
pectivc principal amounts
re
167, p. 291.
the operating
of
output
week
Potomac
i
j
,
BONDS—The names, of the. principal under*
$2,000,000
COMPANY
Pacific Western Oil Corp.—Suit Filed—
A
holding
2213.
p.
.
$0.70
Manufacturing Co.—35-Cent Div.
payable
were
and Nov.
$0.31
£1—$4.00.—V.
Outboard Marine &
on
7,481
de¬
Shares
;
Potomac
the company."
~
which the company • and its subsidiaries furnish
populatiori Of approximately""460,000 and covers
1.—:
Jan.
Pa., in order to receive
prompt payment at the
rate of $2.92 for each one-tenth share of
stock and at the rate of $1.03 for each $1 principal amount of 3'/2%
debentures, represented by the scrip certificates surrendered.
Such
amounts
represent the
pro
rata portions of the
net proceeds of
sale, respectively, of full shares of common stock and the principal
amount of full debentures represented by the scrip certificates which
were outstanding on Dec.
31, 1947.—V. 166, p. 1894.
,
—
after
the
as
scrip
agent,
"
Profit
of the
Ripley & Co.,
Potomac
Thereafter, the holder of any outstanding scrip certilicates
right, at anv time on or before Dec. 31, 1951 to receive,
upon surrender for cancellation of the scrip certificate,
his pro rata
share of the net proceeds of the sale of the number of shares of com¬
mon stock and full debentures represented by the total scrip certificates
outstanding as at Dec. 31, 1947. As required by the terms of the scrip
certificates, the company sold in January, 1948, on the New York Stock
Exchange, the full shares of common stcck and the principal amount
of full debentures
represented by scrip certificates which were out¬
standing at the close of business on Dec. 31. 1947.
Holders of scrip
certificates are requested to surrender the same
promptly to Mellon National Bank & Trust Co.,
scrip redemption
has
Prov. for Fed. and State
-V.
—V.
21 authorized this .com¬
stock of the Southern Penn¬
Co. as a liquidating
three companies are
Co.
This
action
eliminates
for the 'Other two.—V. 167,
Philadelphia ! Electric
of
exchangeable
18,253
$543,200
246,718
Income
Inc'.
tures.
$727,298
the
Union Securities Corp.__ 2,000,000
Unexchanged Scrip Certificates—C. E. Beachley, Secretary-Treasurer, on Jan. 15 stated:
and
$684,704
i
subsidiaries is
its
;
Pittsburgh Consolidation Coal Co.—Cash Available for
gen.
expenses
and
by each are as follows:
PURPOSE—Net
shut-down
burden
the
and
writers
1944
$2,182,491
company
a
OF THE
PURCHASERS
Jan.
on ;
capital
outstanding
.
.
$2,030,241
the
'
companies served by this cdmpany
totaled 259,319,000 kwh., as com¬
pared with 227,846,000 kwh. for the corresponding week last year, an
increase of : 13.8% .*
*7.
'
Electric output of the opeiating companies served by this company
for the week ended Jan.
10, 1948, totaled 251,488.000 kwh.. as com¬
pared with 229,215.000 kwh. for the corresponding week last year,
an
increase of 9.7%.—V.
167, p. 291.
the
for
2
—J
of
the valley
The
territory in
electric service ha3
231.
Electric
4
Wilson-Trinkle
business
of which are owned by
to 151,296,000 kwh'., an increase
corresponding week of last year.
Pioneer Service & Engineering
4
4
principal
Jan. 1, 1948,
4
Nov. 30, '47
Warehouse
of
p.
_
was incorporated in Maryland
Potomac Public Service..Co, and a, 77
1
AND BUSINESS—Company
1923, aa a consolidation of
31,
'
River and its tributaries.
constitute a single integrated
system which is operated under the supervision of the company by q,
unified executive, administrative and operating staff..■ Y • • \
The company has seven subsidiaries, all of .the. outstanding securities
4
Co
11 Mos. End.
all
>
,
The c'ectric properties of such companies
the
for
to
of
$1,833,798
375,000 Ehares of common' stock
approximately 7,990 square" miles.-'
its subsidiaries
325,000 and
to
stock)
production, distribution and sale of electric energy in adjacent portions
of the States of Maryland, Virginia, West Virginia and Pennsylvania,
Co. and the Conowingo Power
the Susquehanna Utilities Co.
All
Susquehanna
Corbett,
5
OF
the
over
Power: Commission
dividend
per-
Shillinglaw, Bolger & Co.__
3
Hannaford & .Talbot—2
STATEMENT
or
Power
subsidiaries
Peet & Co
&
amounted
6.7%
and
120,000
(common
':'.'77
.
centering around
company
from
account
former Potomac Edison Co.
Acquisitions Authorized—
acquire
sylvania
—
H, O.
1948
17,
kwh.,
Federal
to
pany
4
Price—__
Lyons & Co.—
The
bourbon
Poindexter."
Mulianey, Ross & Co
10
9,473,000
Stock
follows:
as
73,784 shs.
§7,500,000
Harriman
Percentage
Inc.—
& Co.i_;
Moran & Co.—„
cf
adopted.-
was
"Old
Percentage
Yantis
H. M. Byllesby & Co.
V
of
underwriters
.
each
/Detmer
•
Inc.,
bottled-in-bond
a
name
of. •' the
names
name
"John
portion of its
On April 1, 1946,
this
of
outstanding
stock
stock the company will have
HISTORY
Dec.
Electric Co,—Weekly Output—
output
stock
capital
it?
outstanding.
major
Poindexter."
the
purchased by
•
S.
F.
"Old
under
the- trade
the
sold
product
marketed
." UNDERWRITERS—The'
centage
cf
has
Poindexter
Old
of
name
which
time
.
The amount of bonds authorized
series.
in
\
4,000,000
100,000 shs. '
t
issuable
are
common
to
common
Representative—
Philadelphia
the
Franklin County Distilling
to
acquired
company
that
from
company's
whiskey
.
and
Outstanding
$16,981,000
surplus and $1,040,752 of capital surplus. Upon such recapitalL
and the issuance thereafter. of the additional 50.000 shares of...
earned
256.
167, p.
of
transfer
holders of -the- income
'
;
768;5007-777'V'
460,000
/7
.
by the restrictions of the indenture dated Oct. 1, 1344,, and
supplemental thereto;
tAs of .Aug. 31, 1947, the charter of y;y
theh company authorized 150,000 shares of common stock (no par) and
120,000 shares thereof were outstanding.
Company proposes, if and
when approved by governmental regulatory authorities to which appli¬
cations have been made; to amend its charter to increase, the authorized
amount of its common stock to 750.000 shares (no par), to change tho ,•
mortgage 4# non-cumulative bonds due
April 1, 1990, are being requested to notify the Central Hanover Bank &
Trust Co., as agent, at 70 Broadway, New York, N. Y., on or prior to
Feb; 18, 1948, of ,the name and address, of the person whom they
desire to be the representative of
'"^ndholders upon the
board of- directors of the company.—V. 166, p. 1^96.
of
"Taylorr"
name
'
is limited
number
reserve
The
•
inventories
the
1,955,000
1
Common stock (no par)
resulting from loss
allowances for per¬
announced it will build a new fluorine
has
company
Select Board
AND
its■ bu-k
name
$7,391,500
—________—
—
facilities
pfd. stock——
l
3.60% cum.'pfd. stock (par $100)—
The
BUSINESS—Company was incorporated in Delaware
Aug. 23, 1933, under the name of Franklin County Distilling Co., Inc.,
and on Oct. 27,
1933 name was changed to The K. Taylor Distilling
Co:, Inc.
In Sept.,
1940, following the sale to National Distillers
Products of its distillery near Frankfort, Ky., ancl of a major portion
of
-
.
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
and additional tax
fpreliminary.—166, p. 1688.
properties
,,
distribution facilities^-—4,213,000 777
First mlge. and collateral trust bonds:
Authorized
7" 3%7 series due 1974_l7—____________
*
3^8% series due 1378
7_L_
«
,
.
generating; facilities
Cum.
of
.
7%'
of
expenditures
its subsidiaries in the last four months of 1947 and
1948 and 1949, as estimated by the company, will amount to
and
—-—
de¬
reduction
"7„7-r.v
1,7-'
7' y^V''
construction
total
PROGRAM—The
construction
its
to
Company
Buses, bus terminals, garages and equipment—
Other
'
♦$67,553
164,888
-
.
the
by
approximately $14,788,000 allocated as. follows:
1,317
periodoutstdg.
mine
of
applied
7:7,- ,7 7y7 7'"V
7
Rural electric distribution
i'Cr92,000
for
be
would
company
Electric
149,902
149,902
-
if and when approved by governmental regu¬
which applications, have been made, of 50,000
stock for a cash consideration of $1,000,000.
Such
to
common
the years
Peoria & Eastern Ry.—Income Bondholders Asked to
50,000 Sh3.
*533,600 shs.
356.480 shs.
stock,' 2 Vz shares of common
preferred
preferred stock issued.
HISTORY
72,998
February, 1949. It is estimated that the new plant
will cost between $2,000;000 and $3,000,000.
Initial phase of operation will be devoted to production of hydro¬
fluoric acid,, a volatile compound of hydrogen and fluorine used, in
etching glass.
The plant will occupy about 10 acres of a 500-aere
tract which the company has contracted to purchase and will be near
the rich: Kentucky - and Illinois fluorspar deposits in which Pennsalt
Outstanding
$2,650,000
50,000 shs.
$1)
(par
♦Upon .the issuance
of
the
7-x7;..77':77a:77.,:7'>;
companyi
authorities
to be completed by
will be added
$3,000,000
_______
cum.
parent
Electric transmission and
Construction is scheduled
toward
.
loan
conv.
7-7100,169
deprec—
&
country
chlorine.:
CAPITALIZATION. GIVING EFFECT TO PRESENT FINANCING
5%
18,196
share
the
capital of the company and will be available for arv
purpose.
Approximately 80W of the net proceeds
reduction of the company's, current borrowings
under the bank loan agreement.
The balance' of the proceeds from
the sale will be added to the working capital.
>
Bank
its
' 7.7*77 7.;>7-777.;:y.y,.7
purposes.
has an agreement with The West Pcnn Electric Co., its
providing for the issuance and sale by the company
CONSTRUCTION
11,000
plant near Paducah, Ky., bringing the total of all its plants throughout
corporate
applied
be
applied
be
to
are
company,
program..;,
Pennsylvania Salt Mfg. Co.—To Build Plant—
The
the working
proper
Will
$3,950,764),
(estimated,
indentures
anticipated
25,000
to
shares
taxes
centage depletion,
from
than
more
proceeds
of the company's outstanding bank, loan in the
of $1,000,000 and, together with other funds of the
the construction or purchase of. extensions, additions and
amount
latory
mine
fAfter
sale
on
that the net proceeds to be received
the sale of the preferred stock, after deducting
expenses,
including underwriting commissions,
will be a
maximum
oi $874,800, if all 50,000 shares are sold, or a minimum of $424,800
.if
14,610
——i-
chgs.
'Toss.
Co., Inc., and H. M. Byllesby & Co., Inc., headed a
banking group which on Jan. 16 offered
J50,000 shares of 5% convertible cumulative preferred
stock at par ($20). Further details follow:
company
11,000
to
.
"'$140,015
1,987
of
per
pletion
issue of Jan. 19, F. S. Yantis
our
nationwide
PURPOSE—It
4,900
...
———
shares
Earnings
&
l>y the
$604,261
$295,748
for
inc.
Capital
§After
fered—As mentioned in
,
repayment
The company
2314.
p.
case
improvement and sinking fund or
other corporate
for
oper.
for., income
Prow.
1,481.871
211,905
income—
railway
oper.
♦$17,910
income
properties
69,964
23,968
16,854
♦1,743
railway-^-:-.-
from
from
Wet
$259,476
income
Gross
$92,862
♦447
the
company,
31,373
From Jan. 1—
Wet
to
principal
parent
$1,755,550
1,773,460
income
Charges to
1944
$69,211
Y
beginning Jan. 1, 1977, and July 1, 1977, respect,
with accrued interest. ? Also redeemable with liko
periods
each
for the
PURPOSE—Net
$0.27
$407,000
J1947—12 Mos.—1946
$8,938,234 $6,617,694
8,333,973
6,757,709
1947—3 Mos.—1946
agrmt—
—estimated
Cross
5,505,000
Subsidiaries)
Wholly-Owned
-—
cc.s
Ishld.
Sundry
1945
-
$1,460,000
Coke Corp.—Earnings—
&
$2,773,581
2,514,106
______
and taxes-
cxps.
Operating
.73
1946
-
earnings
Oper.
-Y./ /Y^ 77.7;Y>:
10,122
income—a
in
the- maintenance fund-^YY
or
upon
application of moneys included in the trust estate, at the
a ■
following redemption prices: prior to Jan. 1, 1949, at 101 V2%; there¬
after w.ith
reductions in
the redemption- price for each 12 months'
period beginning Jan. 1 to and including the 12 months' period begin¬
ning Jan. 1, 1976, and for the six months' periods beginning Jan. 1,
1977, and July 1, 1977, respectively; in each case with accrued interest, 7
1946
is47
,.v
.
months'
tivcly;
notice
consideration
1947
railway
oper.
six
an
1946,
2,
net
Period End. Dec. 31—
Gross
.73
$56,923
railway!
,V,r'-V'N
'•*'-'A-,
"
'
7v.
Oct.
dated
(Including
Hughes &
Inc
Oklahoma City-Ada-Atoka Ry.
November—
a-
improvements to the properties of the company and its subsidiaries and
under
/
.
repaid
corporation
Pennsylvania Coal
1.80
Moran
-''Vr-;
r
Corp.—Reduces Bank Loans—
income from investments—:
$2,125,000
No. of shares outstanding at Dec. 315,070,000
Earnings per share
.
$0.42
Net realized gains on investments (est.)
$145,000
♦After deducting expenses and taxes.—V. 166, p. 2562,
.73
Stifel, Nicolaus & Co., Inc.
•
?, •.
Pennroad Corp.—Earnings—
(The)
.73
._
Inc
the
agreement
Calendar Years—>
1.10
Corp.-
Austin,
&
Raffensperger,
1.80
'The First Cleveland Corp._i
Securities
' Harrison
Co.—2.75
credit
♦Ordinary
1.10
1.10
1.10
Corp.'7—I
"The Ohio Co:___"—__i
Rogers & Tracy, Inc.__
Sills,. Minton & Co., Inc
December
the
Indianapolis Bond & Share
3.60
& Co,-_..__-l
Wisconsin
Straus
Inc.__
V..''!'
•
company, as a
wholq or inVW
days' prior notice at following redemption
1949, at 104%.%;;- thereafter with successive
of
30
Jan. ;!,
additional $8,000,000 under
with a group of banks,
thereby reducing notes outstanding to $8,000,000 on Dec. 31.—V. 167,
p.
156.
7>,
of
—
6.GO
&
F. S, Moseley
The
&
——
Becker
G.
6.60
Jackson
exercise
*''
{'
■
Pan American Airways
_ Percentage
Maynard H. Murch & Co.—
1.80
Albert McQann Securities
Co.; Inc
1.80
Pacific Northwest Co
1.80
Whiting, Weeks & Stubbs—
1.80
A. E. Masten & Co
z
•_
1.50
Julien Collins & Co.
1.10
Percentage
(Inc.)
12.00
Blytlr& Co., Inc.11.99
Merrill Lynch, Pierce, Pen.ner & Beane
11.93
A. C. Allyn and Co., Ine.__
6.60
Central RepubMc Co.
Hornblower & Weeks
the
upon
>'' i"":':■
y-', 1;? V-''>1 .'V1"'1 •
subscription
warrants and the respective percentages of the
unsubscribed stock
ivhich each has severally agreed to purchase, are as follows: , • .
offered
than
principal underwriters of such
the
of
names
option
directly to Sunray because of several children under 21 years
age in the Sarah C. Getty trust.
They could not legally sell their
holdings without court approval, Sunray said.—V, 166, p. 2562.
territory having an estimated
in 28 counties.
The
UNDERWRITERS—The
oil4 hot less ..
prices;, prior to y,
reductions in.the:;,777>;y:'
redemption price' lor each 12 months* period; beginning Jan. 1 to and
;
including the 12 months' period beginning Jan. 1, 1976, and for the
sold
In
operates
It
persons
800,000
Monday, January 26, 1948
CHRONICLE
FINANCIAL
&
of
the northern part of
population of approxi¬
territory served is a
industrial, agricultural and residential territory.
sale
the
Indiana, serving
COMMERCIAL
before April 30,
thereafter.
Bonds
are
1949, and on or
redeemable
at
jjcdlujmbia and adjacent-sections of Maryland; purchases all of .ifs
requirements of
electric energy from
the company and each company
"
-
incurred
the
the other and makes use of certain of
services to
certain
renders
THE COMMERCIAL
Number 4667
Volume; 167
other's facilities.
will
is interchanged by the company with the hydro¬
electric, and steam generating system of Consolidated Gas Electric Light
and Power Co. of Baltimore over a 230,000-volt transmission line in
with
Electric
energy
Gross
the
of
names
Net
ry.
underwriters
Net
rv.
—V.
F.
&
Co._i^_-
Weeden
& Co., Inc.
Baker,' Watts & Co.—
Total
_
income
Paid
275,000
to
taxes
15,309,046
retirement expenses.—
to
other
and
2
prov.
i.i
2,843
surrender
9,850,936
23,834,265
9.850,936
7,704,470
5,778,352
2,581,958
value
life
of
land,
$29,674;
depreciation
for
*
8,204,977
•
•
-
Restated
—
exclude ; minority
to
interest
■
-
■
Blake,
H.
George
President,
Jan.
on
following
announced the
20
to be Vice-President in charge
Vice-President in charge of com¬
changes in organization: Lyle McDonald
Jacob
finance;
bined
T.
Barron
be
to
be
to
Cooper
to
amended)
Announcement
made
was
retirement
the
of
Young
S.
Percy
of
m
December,-1947, as a director of the corporation .-—V. 167, p. 291.
{
'
r--
''
!<-
'i
);
-
1
;
■■
.
:
L'
■
J
>
*
-
'
-
5
written
Pullman, Inc.—Buys Additional Shares—
December
In
market at
open
total
a
shares
price, exclusive
average
an
capital
10,300
of
brokerage, ot
ox
in
to
the
166, o. 2664.
Pullman-Standard
flf•
**
Mfg.
Car
i
Wallace
Barker,
N.
Box
Co.—Package
Production Rate at Postwar High-m
-
.
minutes
Dec.
■
jn
output
this
rate
"Most
this
at
plant
the
which
component
Barker said.
Standard,"
day.
This
has
The
City
since
introduction
its
has delivered
it
to
the
several thousands of the new
added.—rV.
announcement
The
167,
p.
157,
•
the
to
cars
1.924,933
958,319
892,378
3,037,885
24,570,940
1,624,223
21,336,650
15,305,398
32,132,187
27,972,599
19,229,311
year---
into
for
for
future
Federal
stand-by
a
for
line
a
purchase
may
stock
and
fiscal
one
32,132,187
72,121,200
end
per
of
:relative
had
common
line
such
the
Production
765,983
16,000,009
82,489,387
year
common'and
class
72,121,200
63,412,601"
B
•
$3,03
excess
Real
-in
that
to
stock
in
General
604,963
604,963
2,293,709
400,002,999 334,675,764 265,022,003
Sales
Manager,
with
sales
about
for
24,968,661
good
will
and
insurance
188,981
952,672
fund
256,308
$
payable
$
4,640,644
3,036,32i
75,000,000
74,500,000-
year..
2,000,000
for
etc
(par
stock
$10)
(par
undivided
500,009
64,000,000
49,000,000
6,000,000
49,000,000
10,000,000
(par $10)
Mr.
accomplished
was
while
Streeter
the
virtually
are
from
all
loan
12,000
to
Reo
field,
the
76,000
for
of
90,000,009
63,412,601
working
390,182,316
315,227,446
and
meet
he said.
3584.
p.
*
obsolescence.
fAfter
199,695,064-
deduction
of
reserve.
•
•
Reynolds Spring Co.—Annual Report—
the
basic
(Including- wholly-owned subsidiary,
operatingvehicle
Years Ended
gross
Net
pounds.
'
Cleveland
of
sales.
belling,
Wire
Sept. 30—
__
general
administrative
1946
$6,640,521
782,144
________
and
Spring Co.)
1947
$13,039,06S'
11,812,856
sales
Cos.
handicapped throughout the year by the
particularly engines, with no relief in sight for
shortage of materials,
the first half of 1948, at least,
166,
263,317,562
for
introduced
of
'—V.
a
10,000,003
90,000,000
72,121,200
458,198.899
capital 295,672,150
Tola!
has
1948
number
requirements
to
spite
re-tooled
company
declared,
manufactured
now
in
10,000,000
90,000,000
82,489,386
profits..
assets,
600,000
49,000,000
$1001
class B common stock
cuirent
2,000,000
16,778,524
;
92,000,000
stock
Common
2,000,000
22,920,472
26,578,449
contingencies—500,000
debt
Pieferred
$
5,631,064
payable current
taxes,
Reserve
Net
1,473,783
100,000,000
______
payable
Accrued
1947
1,004,162
458,198,899 390,182,316 315,227,443
notes
$43,000,000 in
15,476 111
25,000
1,269,295
111
1,023,580
668,478
625,982
—
Funded
18,836,702
1,543,686
——
expenses
berial
may
f
14,794,608
25,000
Notes
amount
17,212,270
on
machinery & equipmt.
and
Accounts
borrowings of $600,000 from
compared
as
credits
tax
LlABILItlES—,
any
19451
1946
20,115,140
7
r——
trade-maiks
Total
that
date
estate,
TRetlrement
excess
an
profits
Biands,
Prepaid
comply with the
preferred
stock.
As
of
the
to
not
$1.8$
$9,658,561 $15,885,681 $14,399,594
investments
the
except
'
$2.62
1947
i-
inventories
seriously
was
1,229,955
17,500,000
share
receivable
and carry-back
Postwar
to
the heavy-duty truck
transit coach and increased
trucks
Reo
81,408,539
______
20,000,000
ASSETS—
;T
Accounts
(as
.in
retire
or
time,
retire
or
through
for
91,385,200
1,764,000
on
New
result,
Cloud"
models
19,696,855
61,711,684
BALANCE SHEET AT DECEMBER 31
service
taxes
credit
acquire
any
necessary
reinstated
increase, he said,
during the summer
a
467,54a
27,972,599
63,412,601
1,764.000
stocks
common
at
Earnings
stock......
1,396,498
——
.
preferred
on
prior
agreement
of
subsequent
year
amount
Streeter,
weight limits ranging
then
.
—-—104,253,387
to pfd. stock, issuance
^®^ed
on
j
Surplus
291.
p.
C.
D.
As
"Flying
conditions.
>
...
provision
purchase, redeem,
outstanding at
the
company
lapse
its
extended
new
type
railroads,
any
of
16t,
to
models.
1948
production
P-S-l
Since
in
provisions
the
production
chassis
been turning out the
industry last June.
has
plant
backlog
City
provision
estimated
class
any
company
140%
646,835,736 561,475,297 394,231.868
Jax- carry-back ^adjust..
Dividends
Div.aends
26,512
income..
taxes.on
and
Pullmannow consists
less time lost on the
(includes
providing
banks,
of
below..*.
increase of 35%,
an
two-month
Michigan
the
"As
Michigan
car
to
taxes
entered
approximately 858,000,000,
1946,
engineered and built by
parts are
largely of P-S-l cars, there should be
lines as a result of change-overs.'.'
of
ability
its
proven
tv?
.
62,374
18,068
obsolescence..
^
Motors, Ihc.-^1947 Sates Up 35%—
According
were
peak
produce at
postwar
new
a
,'
1945
chgs.,
nwtaL"r;-;"77"
burplus,
Reo
marks
has
its. preferred
1947,
1946
.
banks
the
the
retire
this source.—V.
Car
„
periods in the past.
sustained
over
of
8,
Executive
working
the
of
of
or
exceeding
sinking
fund
Vice-Present,, on Jan. 15 disclosed
that
the
Michigan City, Ind.,, plant is now .turning out all-welded
'P-S-l
"package" box cars at the rate of 54 a day, or one every
10
of
stock
1948
$60,000
purchase
"•
YEARS
expenses,
prior
taxes
equipment (after
$1,289,269), $2,202,036;
of
other
to
surplus.
surplus
Pievlous
payable—trade,
$1,001,533;
payrolls
and
officers, $550,292; customers' advances
accrued
certain
not
.
«'•
its
31,
re-
708,501,684 613,367,088 431,055,452
and
general
and
company
with
of
Oct.
of
$52.85 a
"share, the total cost including brokerage amounting to $547,598, thereby
reducing the number of shares outstanding to 2,658,431 on Dec. 31.—
i
V.
of
income
Federal
$21,742;
machinery, and
income
consent
shares
purchased
was
Amount
shrinkage
income
on
and
deposits, $39,056;
sundry receivables,
amortization
&
state
reserve
process
789,696.
expenses
7,381,659
:
•
EC A Communications, Inc.
-Earnings—
John
"
/
30—-u;
Period End,
:
'1947—Mon
business
1947- -11 Mos.—1946
•—1946
Total
oper.
revenues...
$929,375
Total
oper.
expenses...
998,011
954,313
10,696,414
*$68,636
$23,714
*$143,695
2,466
23,503
Dr67,936
*$66,170
$47,217
*$211,631
$2,395,684
Ur21,678
Dr3,630
381,634
117,088
*$87,848
$43,587
$170,603
$2,512,772
Net
oper.
Other
commun.
i'i't Operating
Ordinary
Gross
—
ordin'y
Deducts,
income
ord.
from
$978,027 $10,552,719 $12,111,366
inc.
18,717
9,464
132,089
the
commercial
*$106,565
$34,123
.$37,914
166, p. 58.
dollar
he
volume
said,
all
that
previous
shipped
to
90
Reo
Profit from operations........
Other income (net)
export
Net
inc.
(Cr)_
income
Deducts,
214,157
16,648
inc._
132,343
$21,789
.<•$.302,665
in
years
different
190,996
earned
basic
^Deficit.—V.
167,
Radiomarine
%
p.
Ppriod End. Nov. 20—
oper.
Total
oper. .expenses—
.i
.
.
K/:
.*[ Net
oper.
•
$1,062,102
987,691
foundry
iron.
The
furnace
has
the facility, is intermingled with
It occupies about 19
of
the
the
$12,113,304
was
1
and
the
1,052,626
Dairy
$74,411.
*$16,125
5,358
Gross
ordinary inc.—
Deducts, from ord. inc..
n
i- r
:,i
$
$81,730
$427,540
4,260
39,689
$8,753
(Cr)
$77,470
$387,851
—T
District
-•——T.—.m ■*
Court
aluminum
"The
3,160
(chgs.)..
inc.
Mr.
30
5
Deducts,
■;
«"»"
v
..
>.
1
,-—
from
:to
net
inc..
$77,470
$390,981
$172,298
inc.
•29,660
163,000
71,260
sued
accounts
surplus
!'•,-*Defi^It.fiV;
The
$5,753
■
$47,810
:
$227,981
The
cents
$101,038
record
'"Oct.
Jan.
30.
last year, which was the first since Dec.
paid.
Edward Bartsch, President, said that earnings
1,
1943,
in
1947
in
of
W.
costs
a
$1,336,006 over
"defective."
to
Higgins, Industries,
166, p, 2214.;
bility
$685;
$7,031;
reserve
travel
$289,263;
and
total,
receivable—employee,
$10,389), $1,099,645; dueof
Federal
taxes
advances,
$2,999; inventories,
improvements, buildings, ma¬
for depreciation of $1,747,472),
land,
reserves
trademarks
$104,100;
note
of
overpayment
goodwill—at
nominal
value
$1;
$6,013,623.
payable—banks,
$1,200,000;
notes
payable—
$37,892; accounts payable—trade
to
employees
provision for
for
bond
Federal
purchases,
income
$4,903;
unclaimed
taxes—estimated
dividends,
(less
U.
S.
tax
notes at cost,
plus accrued interest of
$50,075), $95,302; long-term debt,
$937,500; reserve for proposed additional assessment of Federal taxes
on
income, exclusive of interest, $107,513; common stork
L«i
nn.r>,
$297,132;
common
stock
held in
treasury
(2,032 shares), Dr$2,032;
capital surplus, $1,082,691; earned surplus (since Jan.
i. 194o)
$i.-
044.422; total,
Inc.,
a
$6,013,623.—W 166,, p. 2315.
Rhinelajider Paper Co. (& Subs.)—Annual Report-
shipment
Years Ended Sept. 30—
sales
hot defective,"
was
Tobacco
Net
Co. —1947
Net
Sales
at
shows
in
%be
the
year
prices
CAMEL
figure
■
'
ended
Dec.
31,
1947
was
the
and
able,
possible
to!
1evels
have
substantially
on
largely
in
basis
avo'd
than
Jan.
due
line
20
to
with
continued
to
than
greater
increasing
in
id
its
its
consistent
established
more
Cigarettes
expand
the
unit
with
the
October,
doubled
ra-t:
ex-'andi-ur
pol'cy
sihee
of
Net
profit
paid
Profit
costs
seH^g
ln46.
1939
and
of
~rc\
the
d'
.Although
306,359
$782,510
$524,143
374,952
Shares
300,000
16.5,000
$935,264
$482,510
$359,148:
1941
-
$4,566,837
the
at
interest
of
its
le->f
Products
tobacco
v-'*a '■"ring
and
stock
of
in the
business
outstanding....
a
result
of
the
195,000
150,000 >
$6.72
decision
of
150,000
$5.22
the
$3.49
stockholders
at
a
meeting on Oct. 29, 1946, authorizing the company to sell all
o"%ny part of its common capital stock, arrangements were made last
February with Clair S. Hall & Co., a firm of Cincinnati brokers, to
place privately 30,000 shares with clients of The Fifth Third Union
special
sales
sales,
reinvested
FINANCING—As
and
products
(cash)
Earned per share of stock outstdg...
increased
volum"1
nrc'n" .%"»
£30,498
805,310
$1,310,216
—
i946
1,587,820
net
1947
'
,
Glenn, President,
7owest
pb~**e
high
new
'stockholders
'■
of
taxes
taxes
$7,483,051
2,233,322
923,106
profit before income
Dividends
for
1947
$9,745,204
Net
%
report
volume
'
company
w'drd1 Sub¬
higher than in 1946. He indicated that a large &hai'£ "pf
profits would be utilized in connection with the recent adqiiiSition
the
Poison Logging Co., and in servicing the $20,000,'Odd'"'debt
(less
trade, $456,000; acceptances payable-,
and
sundry, $293,245; accrued wages, taxes,
interest, etc., $329,641;
payroll, withholding, and miscellaneous taxes
payable, $128,728; lia¬
the
sold
High—
1946.
J.
when 12J/2V
1
-'-Wiv,
stantially
the
'
assets,
LIABILITIES—Notes
.
Reynolds
financial
reached
Jan. 21 declared a first quarter dividend of 25
on the common stock, payable Feb. 16 to holders of
A distribution of 50 cents per share was made1 on
was
J.)
sales
unit
on
15,
cents
Government securities
at cost,
value $48,167), $50,417; marketable
Revenue—net
$5,747;
years,
patents,
charges,
,S.
$8,437),
^and equipment (less
deferred
aggregating $708,494,186, upon which net earnings equivalent
to 4.54%
were
realized.
The year's sales represent a new
high for
the
company, being $95,387,883
in
excess
of
sales for
1946,
when
the previous high in sales- volume was established.
During 1947 the
167, p. 291.
directors
per share
prior
U.
(redemption
Internal
other
sales
Rayonier, Inc.—Quarterly Dividend of 25 Cents—
v
296,009
$i.9i
receivable
of
$1,622,076;
land
-
Reynolds Metals for
firm alleged was.
which
Reynolds said.—V.
Record
transferred
earned
*$962,377
295,100
...
share
(market
$1,474,505;
chinery
President of Sherwin-Williams Co., has been elected a
James Bruce, formerly Vice-President of National
who recently was appointed Ambassador to the
material
(R.
/; / >' >
t,»:.
Net
$8,753
3,000
Cr583'469
$1,356,539;
cost
Collector
Income
V''i?;Net income
Cr3 411
Reynolds
of
""
Cr5Al%
$564,342
outstanding
common
interest
at
income,
on
Co.,
$172,298
•
from
P. Reynolds, Vice-President, on Jan. 21 denied
charges made
by Higgins Industries, Inc., in filing a suit in New Orleans, La., against
Metals Co.
The Higgins firm the week before last in Civil
46,233
accrued
$1,300;
David
$218,531
54,364
145,377
(net)...
—
ASSETS—Cash,
securities
Reynolds Metals Co.—Denies Higgins Charge-
348,453
(estd.)
adjust,
adjustment
per
plus
*$129,922
353,12.9
$16,349
7,598
income.
ordinary
Extraord. inc.
97,855-
•
present
Argentine.-—V. 167, pi 157.
$10,991
taxes
expense
CONSOLIDATED BALANCE
SHEET, SEPT. 30, 1947
succeeding
Products
income
and
shares
•
project
35|932
*$1,494,833
65,819T
Federal
profit
been
of
326,051
$770,119
tax
Earnings
Republic-
acres
tax
Common
coke
and
war,
cost
Steudel,
director,
$922,704
100,671
income—non-
i Extraord.
original
W.
A.
1947—11 Mos.—1946
$84,546
revenues—
Net
New Director—
America—Earnings—
>84,195
'conimunication
Net
iron
during the
The
<
Ordinary
'■'%
merchant
or
Built
$1,589,677
$105,186
.
70%
appraised fair value is $10,379,868
of
1947—Month—1946
revenues—_
about
produces
owned steel plant at Gadsden.
divided into eight parcels.
291.
Corp.
Total
$111,669
$8,289
Plant—
and
lor
period
Income
produced, including a flat rental for
the use of the government's water facility.
Further, the lease terms
require a minimum guaranteed rental of $15,000 monthly for the first
three months and $20,000 monthly thereafter during the remainder of
the term.
1,074,850
$21,448
surplus
AlabaiA^
Corp.—Leases
"$444,069 #$1,530,825
Total income .'
Interest expense.
Prevision
Steel
.'l...!.*.'
the
world
trade.—
government
The
$2,664,527
13,500
to
down due to cracks in the stack, but restoration is now under
and operation is expected to resume -within a few months.
lease is predicated on a production rental for each net ton of
shut
to
transf.
addition
10-year
normally
q;V
Net income
in
lease to this corporation of the government-owned blast
by-product plant in Gadsden, Ala., has been approved by
War Assets Administration, it was announced on Jan. 9.
The furnace has a rate capacity of 280,000 net tons per year and
133,056
69,496
—
net
from
12,671
$90,944
(charges)
business,
.
Republic
A
furnace
394,858
income
Extraord.
•>
in
Reo,
company.
disclosed
Prior
$2,402,725
337 .397,094
V.
110,047
income.
ordinary
Extraord.
,
exceeded
1947
of
in
way
Net
.'
r
export sales manager,
points
62,736
income
income—non-
in
Reo
$2,332,948
income
Clark,
history
9,778.418
revenues—
T.
,,
Trust Co., also of Cincinnati. This sale netted the company $1,395,000,
private placement obviated the necessity for S.E.C. registration.
the
same
meeting, in connection with the sale1 'of additional
and
stock,
rights.
011
,
aside
set
>242 716
—
sold
Pv^et ®«f-?inFS for
in
aggregate principal amount of $1,500,000 t0 be available until March
1,
1950,
subject to the provisions of such agreement.
The agreement
provides, among other things, that the company
(1)
will maintain
net current assets of $1,500,000 and (2) will not
without the prior
'Auditor—plant.
had
been
CALENDAR
7,498
charges
ana
Exc., profits
(after
materials,
insurance,
and
$327,566;
NOTE—The
be Comptroller; F. Warren
and William C. Young to be
Franklyn Heydecke
Assistant Comptroller;
operations;
FOR
sundry
$2.02
Treasury notes—tax seriespurchased and held lor tax payments), $624,625; reserve for
general
contingencies (surplus
reserve),
$563,771;
reserve
for
pensions and
other
contingencies, $200,780; $2.lc convertible preferred stock (par
value
S50
per
share), $1,451,650;
common
stock
(par value $5 per
share), $978,605; capital surplus, $1,126,558; earned
surplus, $2,646,210;
total, $9,665,030.
Changes in Personnel—
'of
goods
selling
P,J? 101 depre.itema
/xcIi of
and
1947
receivable
raw
taxes), $118,104;
charges on installations, etc., $75,303;
income (after deducting
$350,375 U. S.
County Gas Co.-
•
contracts,
Federal
years
in net income of
$7,391
of
■
of
$1.64
31,
accounts
buildings,
compensation—employees
on
which
has
1947
sold
and
Hiov.
-rea.
goodwill, patents, etc., $1; unamortized leasehold
improvements, $33,815;
prepaid taxes, .insurance, and other expenses, $29,832; total, $9,665,030.
7,391
20,137,364
$7.53
OCT.
taxes
1,500,826
,
Balance
$115,140
years
.
.
ox
incl.
insurance
$25,865;
1,500,511
Cost,
220,000
$178,980
$76,560; claims for refund of prior
renegotiation refund, $25,701; mutual
cash
(corporation!
(corporation
dividends
stock
171,627
172,679
and
12,862,274
dividends
stock
Preferred
Common
267,406
226,223
285,004
years,
reserves
...
—
1,001,299
share
common
securit.es
inCOm®
Less-
5,034,229
$1,251,810
LIABILITIES—Accounts
income
on
1945
finished motors and parts (after reserve for
possible inventory
of $70,000),
$4,171,893; refundable Federal
17,935,57}
there
708,494,186 613,106,304 430,966,566
——
D.vidends, interest
1946
568,100
...
ASSETS—Cash, $544,663; trade
$75,000), $2,464,inventories
2.1,615,454
conditions
costs,
J
,
SJ„1ale8
riofit
5,043,037
amortization
BALANCE SHEET,
of
construction
has
6,353,271
surplus
per
done under
was
unusually high
COMPARATIVE INCOME ACCOUNT
$18,125,394 $12,354,700 $14,543,660
8,842,524
6,220,27 7
1,90a,585
chgs.
stockholders—
11,367,469
_
Min, int./In net income of County Gas Co—
Net
Co.,
1,166,563
14,191,335
22,996,124
taxes
bonds,
on
Trust
in
Interest
84,222,122
18,211,531
14,179,095
99,226,859
20,820,117
-
for reserves, etc
Sub. dividends payable to the public (pfd. stk.
of Public Service Electric & Gas Co.)___
Interest
and
employees
Balance,
"1946
"
205,551,668 194,369,037
———————
Maintenance
Other
1947
(& Subs.)—Earns.
1947
!
and
Cleveland
k-°nal facilities
ftSCj a.
of
earnings for the year a reserve of $500,000 on account of
depreciation of excessive construction costs.
■
The report shows that
at the year end
there were 70,024 stock-1
holders and 16,495
employees.
•
•.;- >•'
101,120,566 106 ,356,056
Co.—New Director—
The
of
,
KernersvUle,
near
and a new steam
plant in Winston-Salem.
These
in substantial savings
in operating expenses and*
imminent steam needs.
Because the work of constructing
for
out
13 ,023,889
Taxes
Operating revenues (subs.)
;
204,853,305 193,638,580
revenues
<corp. and subsidiary)-——,
698,363 ••
730,457
Federal income
12,148,766
————-
'Other
Depreciation
6,908,374
storages
resulted
provided
31 ,502,336
Vice-President
Materials, supplies,
Earnings
.
23,653,635
Years Ended Oct. 31—
1,237,000
1,237,000
Inc
Co.,
12 Mos. Ended Dec. 31—
Expenses
16,005,748
tobacco
Carolina,
additions
1 166,591
92,535,990
Carolina, several leaf
director.
a
Depreciation
1—
2 ,178,950
11,087,896
Karch,
elected
Paid
revenues
$9, 482,666
868,809
812,431
1,039,545
105,849,609
23,876,004
income
oper.
George
1G7, p. 291.
Total
$8,309,350
2,202,858
North
North
166, p. 2314.
been
1,237,000
Public Service Corp. of New Jersey
'
58,915,287
Reliance Electric & Engineering
1,237,000
Milwaukee
Slroud
Equitable Securities Corp. 1,400,000
R. W. Pressprich & Co.. 1,400,000
—V.
1944
COMPARATIVE INCOME ACCOUNT
1,400,000
Merle-Smith_,—
Dick &
costs
have
increased
enormously,
the
company's
price
for
Cigarettes, exclusive of Federal stamp taxes which increased
during the interval, has advanced only 18.7% since 1939 or somewhatless than one cent for a
package of 20 cigarettes,''
\
The company has
recently built a new recirying plant near Greens¬
CAMEL
sulted
from
railway"
Net .from railway—.—
to be
The
Bros; & Hutzler 2,788,000
53
other
From Jan. 1—
Gross
of.
Francis I. duPont & Co._
—$2,789,000
White, Weld & Co
of the earnings
to keep pace
166, p. 2563.
194$
oper.
purchased by each are as follows:
Salomon
part
necessary
1946
1947
railway
$10,213,723
railway——
2,146,289
income—,
1,025,884
from
Net
principal
several
that
expenditures
from
628
the respective principal amount of bonds severally
and
bonds
capital
demands for Rayonieh products.—V.
(473)
,
of
PURCHASERS—The
the
mentioned
CHRONICLE
boro,
and 63%; respectively, of Prince George's and Montgomery
Maryland. Company estimates that as of Sept. 30, 1947,
population
also
November—
the areas served by it was approximately 1,070,000
of which 360,000 was estimated to be in the District of Columbia and
210 000
in the Maryland area.'
The service area of the subsidiary,
which consists of approximately three square miles in Arlington County,
Virginia, comprises about 12% of the area of that county and, as oft
Sept. 30, 1947, had an estimated population of 15,000.
the
further
for
customers'
Columbia and approxi¬
the entire District of
comprises
miles
square
mately 51%
counties in
used
be
He
time.
FINANCIAL
Reading Co.—Earnings-
Maryland and over 132,000-volt and 110,000-volt interconnecting trans¬
mission lines? (owned by others than the company) extending in large
part along the right-of-way of The Pennsylvania RR,. ' : ■>■
The service area of the company, consisting of approximately
the
at
&
the
it
was
In
lieu
150,000
voted
by the stockholders to waive their preemptive
thereof the directors declared a 10% stock dividend
shares of
stock
then
outstanding,
which
was
paid
on
-
54
(474>
THE COMMERCIAL & FINANCIAL CHRONICLE J
-
30, 1946 to stockholders of record on Nov. 5,. 1946. The-company
St. Louis Southwestern Ry.—Earnings— £V:"Solar-Aircraft Co. (&
8.
total of 195,000 shwcs of common stock outstanuin^,
:
\'
■
•
*•* \
* - • '*vq
■;
■1 <
./'/ %. » pnwRnTftinA/pinti TWPAXitti'
insure the availability of additional funds for completion of the
v
Period End. Nov; 30—
1947—Month—-1946 ; 1947—11 Mos.—1946
,
Nov.
hfls
now
v
To
.
,
' :'V%/■!•,
arrangements were made with The First National'
Bank of Chicago for stand-by credit of $3,750,000;
None of this credit
hms yet been used but at least a portion of it will be required for
completion of the new lacilities and additional working, capital.* The
long'-term- bank loan amounting to $843,000 at Sept. 30;. 1946 wasfullv Paid on Jan
8
1947, leaving the company clear of this bank,
program,
indebtedness,
'
'
>"■ v;v'V,I':'
BALANCE
CONSOLIDATED
Railway
SEPT
-
State,,Co. and city taxes
inc- taxes:
1,584,357
operEnngmcome
income taxes (-after deducting $792,600 of U. S..,
Treasury obligations, at cost.),, $196,010;' reserves, for, deferred compensation, $81,250; reserve for possible future losses, on inventories and:
other contingencies, $60,000; special tax reserve (representing estimate for Federal income taxes which may arise from non-deductibility of
Gross
income
Deduct, from- gross inc.
for
certain
depreciation; on
amortized for
facilities fully
plant
i
from
Net
Net ry.
$2,443,092
989,797
$2,003,081
484,403
160,149
railway-.--.-.'$1,803;91'2
277,844
oper. income
9,129-
Gross, from
railway———
W
from
Net
rv
1,309,359
203,241
l_v
L
loo,
v.
:
21 738,654
5,706,676
23,631,651
7,045,270
30,380,131
10,560,248.
34,641,275
18,157,669
2 011,199
2,596,216
1,965,420
r
9
Rochester
revenue
oper.
Hjarnings
$729,828
revenues—
°P"rS expenses-.™
Operating
taxes—_™
$695,914
$7,855,611
$7,340,414
595,123
93,267
o80,978
<3'280
6t185,285
1>049'574
5,350,415
1'084'240
rsk
$890 7>i9
$905 759
15 773
339 756
•
<S41
40Q
Tvr^t-
rh*££
—V
167
291
D
F'
'
$7,347,548
/
7,134
.
^ogcC,,
™enr.
Operating
_
_
16 730
,
'
SS
.
,
0
..
subsidiary,
of
stock.
common
stockholders
to
Oil
in
interest
the
date
stock
Rochester Transit Corp.-Dividend
directors
payable on
butions
1947.—V.
160,
1
been
Snlit
will
be
The
66,000
approved
21
Jan.
on
tnrM°P ?ia6re8l50fnrensentlvni^uuLnXr^nd^ste^fpa^ shSesZ
of'two
the
basis
old
stock.
V.
of
shares
165,
stock
new
bejohn'L.
of
Hobson,
approximately
have
deposited
or
the
in
President, has informed stockholders that owners56',»
of
the outstanding 24,822 shares of stock
agreed to deposit their stock with the Old Colony
r'~~r~
—
—
Unci.
spec,
No
offer
0,
has
.
T
stock
yet
been
name
v.
maae.
...
.
deposited
has been
identified, by
means," will then
not
„
15b,
_
p.
2b
.
from
Net
from
1946
1945
$1,197,917
430,017
308,548
Net
ry.
Fr
245,982
114,557
$1,209,515
445.857
141,834
income—_
oper.
15,567,818
14,118,652
4,300,728
2,213,413
3,615,601
income—
oper;
'
erg. lac
es, i
St.
700,562
119,187
a
16,208,721-
Francisco
in
ment trust
1949
15
_-p
iy
Jan.
d-o
01
The
Stuart & Co
'cDr-ioc
^o,^ou,uuu
A
Of-
series
Inr
0 3/
won
07
2 /-i /o
/v,
15
Jan
inclusive
1963
The
The
Halsey Stuart group bid 99.17
2'/as and
2%s.
as
The
Salomon
equip-
certificates
of
99.377
the
the
bid
for
&
10-year
G.
inc.,
Co.,
Co.;
&
Son
American
Swiss
&
& Co.;
Fenn
Mullaney,
Co.;
land
Ross
&
Co.;
Collins
&
Co.;
Schwabacher &
McMaster
Co.;
to
FOR
NOVEMBER AND
1947
November
Net
from
Net
ry.
railway
1,063,886
inc
oper.
First
1945
r.00
Net
93,961,275
19,090,771.
railway
from
from
railway—
Co.;
Cleve-
Net
ry.
opei\^inc
—V.
167,
p.
1944
$9,982,266
3,374.693
1,119,060
.
.
„,0
,
•
•
•
_
.
—,
84,051,738 104,012,342 106,451,455
9;03.4,954
292.
November—
Gross
Net
m
„
33,694,200
15,896,582
-
„
Texas Ry.—Earnings—
„^47n„
A4945j.
1944
$339,683
from
From Jan.
from
Net
from
Ne
ry
$265,0<9
24>435
$268,066
72,848
$288,186
29,292
-7,890
19,658
24,906
3,664,36R
3,188,128
889,905
railway
railway
from
Net ry. oper.
Gross
.
520,800
income—
1-
.
railway
railway
oper
income—
•Deficit.—V.
166,
p.
261 823
2315.
a,
87,386
v
3,472,019
1,220,541
314 216
84 531
T
used
iRfi
to
3,576,582
1 472 555
366 830
V
molasses
of
'
'
income
526,343
and
sugar
16,967,859
molasses
of
'
T
Earnings per
I
—I
1,782,542
195.538
$8,100,5-37
'
'■
372,242-
Cr3.086
455,000
•
>
Se
and
0(*n6r3.1
g' admml-stlative and ^en lai expe
Baian^
$4 304 586
3,453,338
372 532
31Z,53Z
e
3 b,o
-5505 231'
-5568 887
14'588
'
11 837
'
______
$517 068
$583 475
Total
deductions" —IIIIIZIII™—"lIuI™—
7^326
Prov. for Fed. taxes on income (estimated),—
t«,
_—
__——
SHEET,
14Q
$356,149
...
BALANCE
OCT.
4*.003
220,0C0-
220,000
nttn,u
Net profit
31
~
.
bonds
(at
cost)
$132 500'
accounts
receivable
(after
sheet
sept
I
1
icuv
an
I
...
I
I
I
for ad-
I
I
(after deducting $2,964,094
I
vance
reserve's
reserves
LIABILITIES—Notes payable to banks, $300,000; trade accounts paypayroll taxes and taxes withheld from employees,
wages, $5,123; local taxes accrued,. $12,233; Federal
taxes on income (estimated), $225,881; reserve for postwar adjustments
and other contingencies, $125,000; 6% preferred stock (par value $100
per share), $324,800; common stock, without par >value-'( issued and'
outstanding 45,740 shares), $457,400; earned surplus (restricted: in the"
amount of $99 000 for preferred stock in treasury), $1,038,095; total,
$2,672,027.-V. 165, p. 852.
-
of $251-153), $
'
14,051^689;'
-I
.
I
P^|Able.• .andt-.-accnied--items-, $1,067,123-; re-
erves f°''mc°me taxesJW .
ire^ms for contingencies, $108,000;
!'esePes for rehabilitation, $1,000,000; reserves for estimated agricultural costs ,ncUrrod- out not expenoed oh cane to be harvested, in. a
future crop, $455,000; preferred stock (par value $100; changed Nov. 3,
'
;
1
;
1947, to $25i, $5,000,000; common stock (issued and outstanding; 745,-, I
734 shares of no par-value), $19,906,783; surplus earned. $13,111,350;
total, $43,977,841.—V. 166, p. 1896.
• /r
- ji-rI
"
.
,
:";I.
.. .
,c'. ' ; 7
I
,
.
Colorado
Southern
'
-
\
%
'
;
*»»
Y '
■'
>
i,
.
*
Power
'■
.
:
s
Co.—Weekly
Output—"
ii -
»
Electric output of this company for the week -ended J^n.
totaled 2,569,000 kwh;, as compared with 2,406.000 '-wh.
corresponding week last year, an increase of -6.8%;.
v.
Electric outout of this company for the week ended1 'an.'
totaled 2,420.000 kwh;, as compared with 2,482,000 kwh.
corresponding week last year, a decrease of 2.5%.- ■''iS,;
'
revenues
1947
-—
_
$3,660 441'
•
—"
Depreciation
•
'
.
,;v;
.
10', 1948;
;
for
I
•
tlieJ
\
rv 1946. -'I
$3,372,925
•
'>
313,553
——
Provision for Federal taxes on income;
«
•
I
—
'
Net operating income;——
other income —
$740,126
144
^
—-—-—
<1740-r-n
in„nmp
lft- n„.,
-
--
-
302,830
— *
deductions
Income
j
•307>238
..
.
.
-
,024
—
j]
j
328,700
,:,322.30o
404.P24U:.- • 382,053
.
•
I
1,535,735- ' 1(338,127*
—
Other taxes
i
■ *
-17. 1948
for :the
II:.' ;;t'-
COMPARATIVE INCOME ACCOUNT
12 Months Ended Nov. 30—
Operating
Operation
I
of $258,931), $836,671; inventories—at lower of cost (first-in, first-out
method) or market, $681,183; investments and other assets, $77,445;
property, plant and equipment (after reserve for depletion of $26,228
and reserves for depreciation of $764,889), $616,247; deferred charges,
$49,898; total, $2,672,027.
abje>
$149,705;
$33790; accrued
I
received under sugar pledge agreement dated Juiv 14, 1947 and
$292,818 for reserves for shinping and other expenses), $2,940,267; trade
417; sugar and molasses on hand
-
.,.$293,065
ASSETS—Cash on hand and demand deposits, $278,084; United States
Treasurv
I
'
"
$7.49
• ASSETS—Gash in banks and on hand, $3,889,749; marketable securi-ties (cost and accrued interest 1, $15,872,955; United States satings'
bonds series "G," due Aug. 1, 1956 (cost and accrued interest), $100,-
346 017
,
nLl
other
1946
$4 876 ^^8
pxncnscs
BALANCE
'
deferred'
charges to operations, $888,835; other assets, $7(847; total,, $43,977,841.
'
1947
nflministrRtivp
I
I
_
"$11.89
share
ffSSS
property, pilm, etc.: (after
-.
3,935;079
•
soldlHIII"—IIIIIIII—I
common
CONSOLIDATED
^
.
I
I
I
1,747,148-
1,241.251
^nhe'^ney''*•
^
31
*
I
2,527,086
cunoOLIDA i ld balance bheet, SEPT. 30,. 1947
,v;.
p*
__
I
$13,568,959
Adjustments oi income taxes—prior years-.Provision for future crop
—4—~
Sfav $4 000 00 of nltes held bv the Mellon National
femainder will be used for expand Surposes-"
expansion .puiposes..
products
I
I
I
$7,904,999
—
Smith Agricultural Chemical Co.—Annual Report—
sales
I
■
- - •
Federal income taxes
Puerto Rico income taxes
the
Years Ended Oct
-
prior
1_
income
I
$24,872,858
23,414,606
selling, taxes, etc.
$11,786,417
from
I
376,709
$35,201,023
_
crops
11
I
1946
$34,674,680 $24,496,143,
;
4
v
.
I
I
I
1947
produced
produc'g, manufact'g,
income
Net
0400
„
1,739,774
St. Louis-San Francisco &
;.
A
was
v
Other
2,175,977
,
^otes^payabl^half-year^
fipllint?
$8,589,574
9,737,G^3 27,171,519
4,666,857' 14,034,978
President
The corporation borrowed $6,500,000 under a loan agreement dated
Tile
From Jan. 1—
Gross
oTai^ofthe
Balance
Shamrock Oil & Gas Corp.—Bank Loans—
Cost of
MONTHS
11
1946
$7,632,220
1,100,207
647,283
$9,245,655
2,147,327
railway
Gross, from
FIRST
TotaI
Jan. 1 and May 20, 1947; none since.—V. 166, p. 2215.
2*4%
I
-Preferrff^ivldendi""'"—
$9'4honno $5'4nnnftn
Changed—
common dividends
—"""—Sf™ -
I'
„
I
with! •«
companies in the Dominican Republic, together
Sundry receipts (net>____
$2,542,194
basis.
He said that four quarter earnings will be about equal
to those for the first nine months, which were- riddled by work stop-//'
pages and seven weeks of strikes,
first in the company's history.
The annual report will be issued in March.
Distributions of 25 cents each were made on the common stock on;
Net
O'Gara
EARNINGS
Sugar and
on
_
,
CONSOLIDATED INCOME ACCOUNT
terly
The
Hutchinson
The
1,000,000
as
I
Approximately 25* of
I_J
candidate for reelection
I
.
of lhe Dominican properties to cost approximately $1,000,000.
Jan. 20 announced that directors have
pay future dividends on the common stock on an intermittent
earnings returns are received, instead of on a regular quar-
as
Co.;
Mason,-,. Moran* & Co.;. E. W. & R. C. Miller & Co.;
& Co.; Thomas & Co.; and F. S. Yantis % Co., Inc.
Corp.;
Alfred
Julien
Corp.;
a
I
)•"
;^35S^£SS«?3S7-^efSS-.B^wW
$2,833,000.—
1945,
I
"
program.
The company is committed for the purchase of supplies, materials
replacements including a cane-cruslrna unit for- one
•
stockholders were informed in a proxy
He will, however, continue as a director
.
Becker
Equitable
Inc.;
be
27/8s.
A.
Securities Corp.; Hornblower & Weeks; Otis &
R. W. Pressprich & Co.; L. F. Rothschild &
Inc ; First of Michigan Corp.; Freeman & Co.;
Illinois Co., Til©* LlilWRukc© Go.^
m. E, Pollock & Go., Inc.)
Wisconsin Co.; William Blair & Co.; R. L. Day & Co.; Hirsch &
group
1,000,000-
financing
and necessary
'375!ooo:
000
statement for the annual meeting to be held on Feb.
seiberling, President,
p.
Sd
for
'
$3 917 194'
Total
proxy
hid.
Blai'r
long
include
certificates
certificates
year
99.157
2%s.
15-year
99.9189
offering
15
longer-term
associates
for
and
2%
short
on
and
to
'375
$247,000;
1946,
t
Co.,
Gregory
I
and
2VaS
for
members
made
was
Hutzler
&
for one to ten-year
99.385 for one
&
Phelps,
I
as
100.028
Other
award
Bros.
certificates
bid
alternate bid of
an
375'oOO
proposed
Seiberling Rubber Co.;—Dividend Policy
j.
which are issued'under the Philadelphia plan, were im!
mediately reoffered by the group, at prices to yield from
1.50% to 3.00% according to maturity.
*
as
$4 082 918
said it is proposed to increase the size of the- directorate by
adding to the board M. I. Behrens, Jr., Vice-President and. General
Manager of Ludwig Baumann & Co., and David M. Freudenthal, Vice-
1,749,300
Ry.—Equipment Trusts
oon nnn
,b88'^r
also
8,306,075
certificates, maturing $552,000 annually Jan.
to
its
Years Ended Sept. 30—
17,671,746
6,853,862
2,002,578
1,388,935
headed bv Halsev
dtohd
J.
to
'thrBtiti^^Minist^y0^
^
[jj® othe^'
653,220,
ree;ected.
voted
Louis-San
Authority
The^ubsidiary-
$2,147,152
1,732.569
Cost
present term expires,
I
;
Land Authority is obligated to send the cane from these lands to this-
>3'52°
$3,273,293
1.507,483
SeS consummate
t ptt
Land
President and Treasurer of Bloomingdale Bros., Inc;—V. 167, p. 51.
'
awaru
14'957
$3,101,854
$2,902,426 $2,688,272
will not
Schulte
A.
his
/-r
the caiie supply of the Puerto Rico factory has come from the lands 01
Russell & CO t sucesores. »Under the terms of the Consent Decree the
(D. A.) Schulte, IllC.—President to Retire;—
David
Call S-:
I
r
tax:
I
I
c
I
diet at this time the net results of the sales.
cqVrI«
II"T-Z
profits
-
I
/'
r-n.l
Annnal
#
basis
Xne
$2,140,632
,
3.585,uou
...
if
;
from'railway—
Net ry.
$3,258,336
•
1,915,000
1.005,217
A1?°"•
'
The purcbase price and conditions must be ratified by the Supreme
Court, of Puerto Rico.
Any profits from the above sales are subject to
insular income taxes. For the above reasons, it is not poss'ble to pre-
3 585 000
II
statement mailed on Jan. 21.
$1,589,883
:
,
from, railway—4™
Net
'
railway.™—-
Tan
i
Gross
^
railway
r1a.
I
I
'
1
$8 893 881
'•
The Land Authority of puert0 Rico recently exercised its option to,
the
1915000
------
$4 282 644'
.
1944
1947
$1,460,861
November—
iQAx
So ooo
1,490,000
chgs.)
pteferred"divWmids~~I"~
871 463r
purchase the Russell lands and other properties in accordance with the
408
Earned suipius oegmning( 01 1 er oa
when
.
^
St. Louis Brownsville & Mexico Ry.—Earnings—
Gross
'
*
I
I
I
9"5 618
$7374330
.•
I
15,' 1942. Russell & Co., Sucesores, advises that the price of approximately $4,600,000 was agreed upon as the fair value of. the land and
improvements.
The price for livestock, agricultural implements, sup-
^
income
deducts.
/-Including excess
V. 166, p. 1827,
of the
75%
i-Q4«
I-
°thCr iUCOme
Gross
I
I
-----^
-
I
I
1,159,590;
1,159,590
- u
-
307,109
1,290,450—
44,653
314,970
.1,264,935
Nadler, President, On Dec. 2 said m part:
-
v
$3,100,314
income
operating
Net
Earned surplus, Nov. 30.^
least
purchaser,
I
50,000-
•'
50.C00
925 618
Ci.cri,-
shore
403
j
i
by Feb. 16, a posbut described
as
haying
"ample financial
have a period of three monthsin
which
to
examine-the
property and financial condition of the
company
and make an offer for the sf°clV
at
If
v. - '
l<7-(«0
SJ>uthP°rt® KJC0 kugar CO.—Annual Repoit
i,iU2,9ib<
i,03y.2yj
yiu.84/
|A,a/-,u
past-service retir. .annuities.
?***■>
offired0'lSirpB°nppnriun^fv" to" alf holders^^ agreement*" Mt* Hobson
sible
i2,5aW0-%,-^
1 228195
.
p"
'
'
]
I
$1 170000
•
>•'
v
I
•
$8,893,881
~
Propos.e.«i-,.
an 80,000-ton'newsprint
mill near
border, and owns approximately 600,000'
United States and Canada, may shortly
operates
the Canadian
on
timberlands
of
acres
which
company,
Calais, Me.,
Maintenance and repairs
each share of
for
I
-»I
u '
I
..—
_
than-
«.$&M *iAs
y.yuu.iw
/.abb.ooy
Depreciation
Income
St. Crou Papcs C.-Sale,
This
!
exchange
in
816.
Pi
off
.
Tnt„.
.
Dome1;
later
not
lands
of
acres
*
Opeiation
listing
for
—
I
Consent Decree entered by the Supreme Court of Puerto Rico on Dec.
income—
Exchange
Curb
York
New
of 'Salt
fixed
...
....
.
-
'
-
One—
Two for
on
of
Superior Oil Co.—V. 167, p. 292,
EmpL
;
.
Fort Worth, Texas—Stock
Pendleton, Inc.,
&
be
share
from remaining of Texas on what is knownleases is continental shelf.
the State one-half interest in the
as the;
The
owned by The
Amort, of limited term investments
229.
P.
•
Roeser
ordinarily
dividend
the
one
I
I
>-J
•
,
'
l,924;800t
161,892!
147,.406*
an<i accrwa^--^-^-;V^M-.;i104-,7e8
Earned surplus
Oil Corp. owns an undivided one-half,
Omitted-
omit
to
will
distribution
representing
surplus
paid-in
wholly-
San Diego Gas & Electric Co.—Earnings—
the capital stock. Semi-annual dislripaid up to and including Aug. 1,
on
had
each
cents
50
decided
19
about Feb.
or
of
Jan.
on
its
of
determination
for
distribution
approximately
on
The
Corp.
shareholders
common
Oil Corp., for each share of Salt Dome
Tidelands
leases
to
7n_
The
f''
Reserves
—
$.90 cum. conv. pfd. stock <$15 par)-—;
Common ^tock ($1 par)
;
;
;
,
common,
certificate^
trust
record
The
receive
March.
in
date
a
Tidelands
voting
one
stock of Tidelands
common
,
distribute
to
representing
certificates
trust
basis
voted
have
directors
,
.
I
■
$7 374,332
Amount payable in settlement of terminated
employment contract (contra
Deferred credits —
______
_
,
;
3,206,760^1^ '.I
2,756,958
1,894,324
58,046
Total—.;
,
Distributed to Stockholders—
'
'
'
■**;
towfl/i - //
♦.
"CONSOLIDATED. BALANCE-SHEET"*"
1
■'
'
1
Oil Corp.—Interest in Subsidiary to Be
Salt Dome
.
.
the
1^6
$7,865,751
10,140
$695,914
$730,718
890
revenues.
Uncollec.
t/Oip.
1947—Mordh—1!346
'
■
;
•
the.board of directors,-V. 167,
from
b
^
owned
,
lelephone
Period End. Nov. 30—
Operating
resigned
has
"*
50
voting
rw,
4o'7 650
•
Inventories;
Plant, property, and. equipment ( net )L/il:/_'/_:.
1
The
z.—.
:vv'-I
'*'***&*
3»33a
.
-
p 1
2,948,821
railway,
~r. ~
\
-.
-
N'^f™^b,nfca'
„
railway
oper
~
■fWBWBBBSSSS# - HS4sgS5= "'M M
C0j.pOt'Bulkley
Other,currenrhabilities
82,207
94,935»-
$2,88^b'85.
income
from
Net
M7/'
$395
yYr 1
per' common share
President, who pointed-out that St. Regis, m--common with, other'paper
195,760
^2,125.';'
/
—
Other assel,s.
4,044,435- ./.Deferred charges-■'>'l40,796
7,122,4-121
•
I
'
a* on', ncome
C^-Techmcar Dir^torSAppolnte^.
st-
From Jan. 1—
Gross
"
1
.
-
'
-
598,350 ':
1,136,724
'' ■"
2665.
p.
I
?
9,537,57b - 6,487; 157 ; :/ ASSETS—
.Oct. 31 '47 Apr.^O, ^1;
" 264,555 /*/. 336,440'Cash$749,058
$608;0".0'
—- ——»——
Receivables. -(net)/______„_—1,778,150
2,945;013'
,
I
:
'.I
25,005
''
'
1,392;551 - ' 854,918' ■ 9,602,133 >: 6,823,597^
255,826 V 256,568 ..r 2,679,721
2,779,162.: '
1—'
income
166,
Earnings
-
829,891*
;'if 25,027?
■'. :ir—
1,374,161
18,390-
I
■
•
ML912
■■
°? -Vf
-
Net indome--_:^_-w„_2_____.__
Dividends on preferred stock—
Common shares outstanding
.
.
;
SSSJVW;-
'-
2,018,857
-
—
Net
.
1,312,000■
■
2,285,072'
183,586
•
—y.
tax pun-
1,716,060
978|656*;!fc335;0l9> -^ 8; 162,672*" ' 1
\
250,475
.
*•*.
*
^
34,821'
466,73b:, / 343,342
- ■;:11 .T,
1,624,636
1,013,477 11,822,650
8,506,014
('
r, / ; 'S ' ^
' '?%'%'■
'
.
provision
■
40,279
,
I
4,n,n
$7,l'77,652\p
r':r; 30,022'- ,'hV
_./™-_.,__—___
.
^j'A
v
Vi*«'
Tt%TT?\rrr\
8X, 184 - -!t;014,418, :;,.
912,407;
Selling, administrative, und general expens#2^*i^^vIi"J^-:4W',
.350,306 / 4,992,745
2,097,404/;;/ Interest
.
_'
__^i_™__L„__
.'
;
159,111 g 115,684
Other Fed, taxes
Net sales. uii
Other income
49;230,223*-42,376.393
,
A
308,591
ASSETS—Cash, $492,171; receivables (less reserve of $11,3634, $901,Railway
oper.
inc.
inventories-, priced, at the lower of cost or market
$2,871,485;
other railway oper. inc.
unexpired insurance premiums,, etc.,,. $64,434; cash- surrender' value of .
l;-;:-■ -y,
life insurance policies,. $80,262; sundry timberlands and other investTotal ry. oper. inc/—
merits, $88,366;, equity. (50.%) im cutting rights, camps and equipment.
Deducts-. - from
railway
deposit- with crown, etc.—Nagagami concession, $344,114;- plant and
oneratinir income.
.q.'Wpmpf.t:
fnw depreciation-of S4.219.132). $5.728.977:
;
—
patents, processes and trade-marks (less amortization)^$2,998;;fatal,.
Net railway oper/inc;
$10,974,435.
.;•••
y».
*
;■
-V;'-..
-:•*
'<■ ■ k Non-operating income/LIABILITIES—Accounts payable, $237,129; accrued liabilities, -$a77v-.v•%'*
.,:v.
TurAMrtttTO'
3,723,675',.'-30,151,082',-29,891,910 ;,t~;/-,:*!■'S'/-r1-'■>'■
■
T?taJ --------—
—..:f/™__™_™$7,207,074
J;;5i!5,831 19,079r141;12,484,483) : :CoBt of produQts sold
2
_
6,102,875-:
■
101,557
629;
814;
-
3,051,044
~j
$ . : ;
4,249,506
;v i
Net rsVi,. fromiry. •per. -"2r,153,f16 ;
1947
30;
rev
expt—_
—
'N -vl'l; I'-I
SHEET,
oper.
oper.
Railway
$
5,204,660
■.
Subs.)^-Earnings—
otv*
I
•
*vOJSnMONTI^.El^DBP'v©CTr 31; 19471 >.
(
expansion
■
Monday, .'January 26, U948
:
;
j]
1
—
$722,378
'
6,171
"I—n
i
j
"I
1
o^'on9
-04,894
nTiTI,
$
Net .income _—--—--• $555 •
-$323,655
compa"y
7'-?
L'
mortgage bonds.,,
due Nov. 1, 1968, as of Dec. 31, 1945 through the issuance of $5,000,00o
of 3% first mortgage bouds due Nov 1, 1970 and by the use of Ureas?
j
]
,tJ
„
Ury cash.
•
By reason of the redemption of the 3^%; ^
the
com-
I
I
1
J
expense which were charged to income in 1945 and were deductible in '
that year for income tax purposes.
Of this amount $17,137 is consid-,
ered by the oompany as applicable to the 12 months' period ended
.
Uncollectible
of
as
company
.r:;Z:
291.
p.
Operating
Co.—Bonds Offered—Hal-
Southern California Edison
Net
Jan.
*
1948;
15,
Jan.
as a
maturity upon at least 30 days'
whole or in part at any time prior to
published notice and may be redeemed
UPON
State,
Series of 3s,
due 1965—____—---—~
Series
Series
1964
of 3'As, due
series
4.48%
1,172,242
14,442,132
683,853 Cr5,713,305
63
11,000
Crl2,095
1,274,397
2,422,562
4,951,977
300,540
40,821,08L
37,609,021
8,557,667
Total income
.
426,534
.__^^j._
Misc.
2,849,096
.Z.
deductions
Fixed
charges
York;
Harris
Net
49,378,748
628,640
17,970,573
52,960
1,664,001
The
Bank &
the
by
income
tConsol.
of
S.
724,569
21,281,429
''
1,197,342
3,535,556
*424,690
30,779,536
to
1,548,879
the
988,761
1,922,860
500
5,750
revenues—
$335,495
$288,914
$3,360,117
254,500
215,746
2,622,728
oper.
Operating taxes..:
program.
,
•
.
to
the
to
v:-1
:
company's
—v.
additions
tangible
167,
31,953
343,011
The
the
Wm.
—L—--—$5,325,000.
——^1—
'
:
—
—
$394,378
150,000
E.
-
1,000,000
Aub
E.
for
fixed
the
23,353
247,149
and
Burnham
C6.,
&
Burr
Ot:s
Feb.
10
was
John
J.
holders,
in
&
Sears,
&
20
cents
While
the
Service
the
close
this
for
borrowings
first
21,
Jan.
on
stock
common
entitled
shares
11
presently
holders
to
declared
share has been
400,000
since
July
of
Feb.
record
1945.—V.
23,
1947 paid
Jan. 3,
13,
Aug.
In
No.
when
1943,
1948,
1,400,000
.
as
Dick
&
-} 250,000
&
Co.,
Pollock
E.
'. Inc.
R.
&
100,000
: '
-
&
&
1,750,000
Co.
600,000
Co
&
Rand & Co.—•—_i—
300,000
5
Rotan, > Mosle and'
Moreland
L.
—-
''
200,000
-
>
'
LU-i-—
Rothschild
F.
EARNINGS
AND
'■•.;
150,000
& Co.— 2,400,000
Salomon Bros. & Hutzler
Scott
100,000
2,400,000
Co.
600,000
Stix
& Son, Inc...—
800,000
Edw.
100,000
Walter
Parsons
&
Harrison & Co.—
Ira Haupt & Co
Heller,
Bruce
HiU
Co
&
H.
Kean,
Tavlor
D.
A.
Lomasney
Mbran
&
The
'
167, p.
Co.
in
100'xl30'
Pittsburgh,
Tieasurer,
of
addition
Pa.,
at
a
7
approximately
: ;
Elevator
10,000-pound
a
facilitate
to
Is in
has
Co.
capacity
material
of
excess
been
awarded
freight
elevator
movement
the
in
X
$10,000.
Stokes
&
Co..—
200,000
&
&•
Inc.
,
400.000
plus
in
J
1 After
&
260,270
$1.17
loss
amortization,
liquidation
on
interest,
of
the stockholders
to
it
for
Michigan
the
that
Federal
plant.—V.
165,
amended
in
1947,
casualty and fire companies tc broaden their charters
and engage in multiple line underwriting
and reinsurance on risks
of. every
kind except life and endowment insurance.
He indicated
that
while
ard's
there is
the
that
intention
broader
in
operations
directors
of
no
the present time
at
fields,
charter
be
it
is
to
Harold
F.
S.
recommended
amended
in
line
by
with
it
deem
wise
follow
to
this
course.—V.
165,
pro¬
E.
•
300,000
a
Gildersleeve
Newell,
W.
Aetna
—V.
165,
died
has
been
Sept.
the
p.
elected
and
a
director
Comptroller
of
to
succeed
the
Aetna
meeting of stockholders, to be held Feb. 3.
853.
&
Co.,
Standard
>
Oil Co.
150,000
Co..
Inc."
250.000
T^e
directors
:1
per
slwe
Feb.
Yarnall & Co.—„——200,000
10.
on
on
Jan.
:
/
(Indiana)—Increases Div.
19
is
the
-
and
it
respectively.
Co.,
Sons
indicated
was
While
the
amount
that the transaction
was
an
Mass., where its head offices are presently main¬
has for many years held a prominent position
engineering field and currently lists among the clients
undertaking important contracts both here and abroad
engaged
in the refining of petroleum and petro¬
the manufacture of chemicals. Erastus B. Badger,
which
owns
McColl
of
the founder of the business.
Rights—
approximately
Oil
Frontenac
909,000
49.98'v
Co.
which
warrants
offering of
about
the
Jan.
that
at
close of
it
Ltd.,
will
MfcColl
each
business
of
the outstanding
to exercise
intends
be
entitled
to
shares
common
receive
is
made,
Actual
on
Jan.
planned
1948,
21,
shares
common
capitalization
recent, two-for-one
SEC
is
It
that subscription warrants
he added.
common
shares of record
the right to subscribe at $10
on
the
basis
of
offering
registration
split,
7
McColl
Frontenac,
1,800,000 shares of
an
giving
effect to
authorized issue
:
r
the additional
of
is
is
of
effective,
shares
will
not
be
thereby permitting Texas Co.
166, p. 2216.
&
Dealer
v
Engineering
Manufacturing
until
made
subscription warrants.—V.
Texas
its
additional
one
two shares held.
share
of 4,975,526 shares.
v
27.
time,
proposes to offer to holders of
additional
for
to
the
exercise
Co.—Factory
Set-Up Soon Completed—
Near-completion of a nation-wide dealer organization for the Swift
the first exclusive factory dealer set-up in the light plane
was announced on Jan.
10 by Leonard Larson, Swift Sales
airplane,
,:
.
The organization has approximately 50 dealers from coast to
operating directly under TEMCO factory supervision.
Pointing to
a
substantial
backlog of orders for the Swift
foreign
countries,
for
the
Mr.
Swift
field.
Larson
is
Orders
Panama,
Britain,
Chile,
Belgium,
says
already
have
Colombia,
Italy,
he
than
greater
coast
from
believes the potential export
for any other plane in the
been received from Argentina,
Denmark,
Switzerland,
pines, Puerto Rico, Spain and Sweden.—V.
Texas &
from
Net
from
Net
.
Egypt, Finland, France,
India, Norway, the Philip¬
167, p. 158.
ry.
of
cents
Net
from
Net
ry.
company
paid
37V2
dividend
cents
per
50
share
each
1947
railway--
oper.
payable March 10 to holders of record
quarterly
Orleans RR.—Earnings—
railway
income—
1946
1945
1944
1,2S'3,299
1,718,312
$8,768,732 $11,458,874
2,081,495
5,180,605
966,897
1,251,636
103,779,537
31,979,133
13,163,654
93,841,138
110,689,812 123,119,310
$10,157,923
$8,851,383
3,031,985
2,094,913
From Jan. 1—
Gross
a
New
November—
Gross
Rate—
declared
the capital stock,
Previously,
Engineering
15.
Vice-President
annual
of
subscription
Common
Great
Companies,
the
Inc.—Expands
old and established engineering and con¬
worldwide reputation, having originated over 100
concerns
or
Canada,
and Wilmot M. Smith, Vice-President of
Casualty & Surety Co., will be nominated for membership
the board at
on
who
Myers,
Allifiated.
Jarvis
this
make
to
company
mailed
share
&
150,000
&
B.
Rawdon
the
-
H.
Robert
100,000
Wood
on
be
two-place
Standard Fire Insurance Go.—New Director—
Dr.
enabled
and
cash basis.
market
983.
p.
outside
stipulated,
a
Director.
new
the-law, so that Standard will be in competitive position
with, other
companies whose home states have authorized multiple
Vline underwriting and reinsurance, should the Standard at any time in
future
capital
M.
board
the
the
working
industry,
visions-of
Life
——
Yantis
on
proposed
Stand¬
extend
1935-1947.
stated.
authorizing
800.000
Hattier
not
stock
a
was
at
Mr. Platts informed stock¬
was
the
of
share 7
per
was
plants and facilities and for reconversion
financing or issuance of additional stock.
new
Badger &
B.
it
the
made
1
Law
paid.
directors has
;
book
in Boston,
share for
^
Insurance
share
and
Pritchard, President of McColl Frontenac, in a letter to share¬
holders said the offering of the 900,000 no par common shares can be
company's charter will be sub¬
approval at the annual meeting to, be
In'explaining the-need for this change,
share, up $7.51
paid in the years
per
policy
$10,239,180,
up
per
were
$1
sufficient
up
Webster,
company,
of
J.
the
29, 1948. x
M
letter tox stockholders,
$18.04
to
years
dividend
of
concern
large
when
•
,
Multiple-Line Underwriting—
amendment
Jan.
holders
300,000
—
E.
whom
all
266,799
$0.26
1, last year.
2565.
process
This
R. H. Platts, President, stated that
proposted amendment is for the purpose of enlarging and adding
authority and power of the company to engage in what is
commonly called multiple line underwriting and reinsurance."
Inc.———
Cummins,
four
Texas Co.—To Exercise McColl
$0.65
each,
The Badger and Stone & Webster organizations will at least for the
time being continue to operate as individual entities.—V. 166, p. 2316,
STATEMENT
266,799
Vice*
a
11; 1947,
since Nov. 15,
plus extras of
first
the
cents
$23,368,479,
to
$10.53
build
aid
The
the
for
1947—12 Mos.—1946
$5,312,809 $10,720,549 $10,376,204
obsolescence,
25
June 2 and Dec.
on
President, is the grandson of
311;522
deducting
share,
per
of
$11,049,070
past
leum, products and in
Z:
$0.04
'has been elected
to stockholders of record Dec.
cents
25
made
from
&
ago
many
increased
167,725
/
depreciation,
to
Ih
Co*—s
Arnold—.——
10 paid
of
Badger company is
years
Dividend—
on
City—New Vice-President-
Merchandise Manager;
47L
',
*
$13,129,299
to
was
struction
to- the
150,000
Stokes
Sanford
100,000
292.
of
eleyator
totaling
p.
and
will
on
the
Strauss & Co
White.
'
—V.
Jr.,
not
the
the
166,
The
previous
260,270
outstand.
important
mitted
150,000
Lowb'jr
Wheelock
100,000
Co.
S.
Weil
.1^0 ono
Co.—
Meyer.
Ss Co..
Stroud & Co..
200,000
100,000
&
&
Nicolaus & Co.,
Thomas
V.
600,000
& Co
Ketcham & Nongard.-—
Mason.
J.
600,000
400,000
Co..——: 1,000,000
—
two-story,
a
company
Otis
work,
distributions
conservative
involved
250,000
400.000
—
& Co..—
Johip-^n & Co..._
Kalman & Co. Inc
R.
.100,000
Frank
Ellis & Anderson
Gregory
Hirsch
100,000
Stifel,
Graham.
&
200,000
Stern,
;
Stringfellow-.
150,000
800,000
The First Cleveland Corp.
Green.
&
ShaughnesSy & Co., Inc.
Eikins, Morris & Co.—100,000
Fauset, Steele &'Co._;— X 200.000
.
on
this
Whitney Stone and Erastus B. Badger, Presidents of Stone & Webster,
2199.
173,186
"
600,000
Pressprich
Putnam
400,000
Dreyfus & Co.———
3
-
corporation has. acquired E. B. Badger & Sons Co. for the pur¬
pose
of expanding the engineering and construction activities of its
subsidiary, Stone & Webster Engineering Corp., in the process and in¬
dustrial fields,
according to an announcement made on Jan. 15 by
"the
;
Co.,
,—
W.
•
125,000
——————
Wm.
An
heid
Inc.—_—.
Pizzini
W.
Inc.
from
Stone
'
•
"
-
This
the common
10.
163, p.
1947—6 Mos.^—1946
v;
Charter to Include
Ino. —lOO.ono
•
Bi
Co
200,000
Merle-Smith1,400,000
&
Detmer
"
least
other
Construction Activities-—
or
Standard Accident Insurance Co., Detroit—To Broaden
100,000
Co.___
Peters, Writer
Christensen,
-
...
at
for
give
The company
■
Go.
of
and
as
receive
to
common,
853.
p.
2,400,000
—
Palmer
S.
SALES
share—
per
taxes,, etc.
Eaul & CO., Ihc;-——
190,000'
- •
Inc..:—100,000
Bodine....
&
&
Co.
establish a regular quarterly rate, the directors
consideration to dividends quarterly instead- of
has been the practice
since 1935
when dividend
resumed.
to
of
without
dividend of 50 cents per share,
15 cents was disbursed.
•—
shares
of
.Ix *After
150,000
Co.—
did
increased
—V.
Jackson
Webber,
they
each
The
a
—$4,913,965
J
19,375"
income
Earnings
100,000
f
Kendall,
Townsend,
&
Crouler
purchase
Knowlton, President and Chairman of the
decided
value
outstanding,
on
being that its reduced earnings
not warrant such a policy."
do
—
*Net
250,000
Co...,
p.
were
S.
increased
<Co.~Subscription to *
Privately
business
of
of
each
for
per
on
Period End. Nov. 29—
Patterson, Copeland &
■
Dempsey.
the
Petroleum
This change in dividend policy
was
made in the belief that the
majority of the stockholders would prefer dividend payments quarterly
rather than semiannually, During the period Jan. 1934 to Sept. 30, 1947 working capital increased
from
$3,750,925
to
$15,876,439,
up
$12,125,514;
net
worth
Daly, Chairman of the board, in the anual report to stock¬
part: "The directors regret that the company is not
a dividend at this time, as it did a year ago,
The company on
Sales
Co...
&
each,
common
&
Ross
Curtis-—..i.__
&
200,000
i Clayton Securities Corp.
200,000
Cooley & Co.—1,000^000 ■
Courts ' & Co.———---- ' .250,000,
R: L. Day & Co
600,000
DeHaven
with
■
control
the
161,
semi-annually
payments were
said in
reason
bank
100,000
Gd.——
Roger
•VXGhace, .••iWIiltfcsidfe, Warren
Petroleum*
Root
board, said:
have
position to declare
a
the
'
City Securities- Corp.:.-—
Buy
Root
Trimble
the
dividend
corporation
Spencer Shoe Corp.—No Action Taken
200,000
—
&
Monell
O'Gara
Paine,
Ihc.—1,000,000
-•
with
O'Biien,
consummated
10 cents
of
CONSOLIDATED
smithy
Co.—-250,000
Byrd Brothers=.'_^
to
unions.-
by
2215.
p.
started
installation
Semi-annual
tained.
Miller &
C.
R.
J.
Jbmes
256,492
holders
share
one
payable
Co.,
—
Alfred
2,400,000
Stoekton'Broeme & Co.. -150,000
•
&
Co.
150,000>
George K. Baum & Co...
Bear. Stearns & Co
for
Cost of
25 cents
*.
Public
have
of
dividend
slock,
Nusloch, Baudean &
•
100,000
eo:.—-—_
&
&
j.
W.
Mullaney,
-_r--—200,000
Arnhold and' S. Bleicli- :
roeder, Iho.__—L'l.J—
150,000
G. S. Ashmun Co
150,000
A.
Mericka
J.
Minsch,
Baker & Co.,
Ihc..
-
been
double button
1930.
$455,441
...
date
rate
payment
12,000,000
...
Inc.
-
Brothers—150.000
American Securities Corp.
iAmott,
connection
quarterly
a
the company are as follows:
Allison-Wi'liams
represented
connection
stock of
W. F.
'■': -.-W
to
■
contract
Inc.,
A
UNDERWRITERS—rThe names - o'Jf the several purchasers- and, the
respective principal amounts of the new bonds to be purchased by each
Almstcdt
not
Stewart-Warner Corp.—To Consider Dividends Quar¬
Sparks-Virit;hinfftQn Cb.r~Resumes Common Dividend
.
Inc..
in
166,
The company on Jan.
subject to market conditions and completion of underwriting arrange¬
ments.
Rights will expire Feb. 2.
It
is understood
that the 10,000 shares (par $100) preferred stock
filed with the SEC Dec. 24 will be placed privately.—V. 167, p. 292.
.
13,000.000
17,000^000'
—
—
i
—■
Halsey, Stuart & Co.
;
the
better¬
and
directors
record
at
i Electdc: distribption lines: and: :SUbstatibhsZv2LlZ--?-^-r;-;--v- ' 48.000,000
,
and
is
it
16
terly Hereafter—25-Cent Payment Made Jan. 10—
332,491
$41,215
subscription rights to purchase 103,113 additional shares of
—
____
from
used
common
has
President.-—V.
2,044,566
30,095
292.
p.
Sohthwestferu5
electric
Hydroelectric generating plants—__
transmission lines anil substations.—
t
effective Jan.
Banks
Stern Brothers, N„ Y.
Common Stock—Preferred Issue to Be Placed
'
•
property
'Electric
General
be
heavy expenditures for
•ended
•
<
-•
that
manufacturing plant of
Arthur
$2,832,493
;
38,451
operating income.
after charges
Net
plant for the nine months
Sept. 30, 1947, amounted to $35,140,122.
It is estimated that
the gloss additions to plant for the last quarter of 1947 and for the
calendar years 1948 and 1949 will be approximately $125,000,000.
The
major additions during such 27 months' period are expected to be in
the following classifications;
■Steam electric generating plants
;
$35,000,000
ments
will
Dividends
at
amount
an
use
PROGRAM—Gross
CONSTRUCTION
,
increasing
monthly amounts paid employees com-
basis
from
purposes.T-V.
according
with
6,100
$42,544
Net
least equal to the
reimbursement to finance in part said construction
of the above
amount
.
'v"
company.
intends
,y
the
building.
"•
550
the sele'of the new bonds will be
proceeds from
amount
also
commission
Borrows
money
In
*867,623
174,805
rev..
are
company
unions either have their
negotiations are pending
company
the
23,024,006
332,304
.71,016
.
'
of
also announced
Construction
564
1
.
The
represented
existing contracts
;
majority of the
a
(Cr)___
■
Operating
for the following purposes:
$22,000,000 bank loan notes,
constituting
retire
by
or
$200,000.
Operating expenses...i_
company
principal
proceeds
*
employees
City Electric Co., Pittsburgh—To Expand Plant
Facilities—'
*
•-
P.
••
adjust.
Uncollectible
New
Manufacturers Trust
Co.,
Trust
Guaranty
Los
all of the
expected to be outstanding at the time such
received, • the proceeds from the bank loan notes so
to bs retired having been u:cd to finance'in'part the construction"
program; and
x
•
(2) The balance to reimburse the company for certain expenditures
heretofore made
ior the acquisition of property or for
the conS
struct ion, completion, extension or improvement of its facilities and
to
finance
in part the
company's construction program.
Such
amounts so reimbur.ed will become a part of the treasury funds
'(i) To
1
•
supervisory
them.
a
.-
:
non-
,
corporate
45,030,569
•
/trolled-: -affilv;
Savings Bank, Chicago;
Bank & Trust Co., Pittsburgh; National
Security-Fir.-.t National Bank, Los /vngeu.,; and
Trust Co., Los Angeles.
-V
•
w
.
•
PURPOSE—The net
u-.ed
;
7,000
Steel
5,252,517
86,376
1,565,378
-
) ,Transp.y. System-—tNet inc. of solely con-
Bank, New York;
•Union
Z
per
may
and
Trust
$30
by
fixed
011
of
cost,
.Co., New York; Mellon National
•City
of
salary adjustments will
affect about
employees not represented by
unions and
7,421,548
rents
—
'■
^
Nation"!
maximum
a
total.
of
their
month.
5%
is a party to a loan agreement of a wholly owned •
Pan-American Petroleum Corp., with the Chase National.
City of New York under which the subsidiary may bor- "~
row to Jan. 31
not more than $6,000,000 on notes at 2'.;
and payable
in eight yearly
instalments beginning Dec. 31, 1948.
The agreement'
provides that Standard will purchase the notes in event of default, "
18,476,003
1,197,604
—
(net)
■
Merrha"ts
with
15
representing
and
company
Bank
that,-'at the date.of the.indenture . SConsol. adjust. (Dr)
91,000
76,000
be represented by bonds issu¬
able thereunder Is $250,000,000, but that whenever the company shall
4,042,666
33,226,176
843,668
24,003,244
duly authorize any increase of its bonded indebtedness the aggregate
principal amount of tonds which may be issued and outstanding under
terest on certain bonds of solely controlled
affiliated companies not
the indenture may be correspondinly increased.
Indenture permits the y;
credited
to
income
of
S.
P.
Transportation System.
^Representing
issuance from, time to time of additional bonds thereunder, under thedividends received from solely controlled affiliated companies included
restrictions and conditions contained therein,
tCompany' has entered
in net .income of S. P. Transportation System but not
charged against
into
credit agreements dated July
25, • 1947, with various banks to
surplus by paying .companies.—V. 167, p. 292.
provide for temporary financing pursuant to the terms of which the
conrpanv can borrow, repay, and (hen borrow aga.in from time to time
Southern Ry.- ^Estimated" Gross Earnings—
during the period of two yeats from Aug. 8, 1947, amounts not exceed¬
ing the aggregate sum at any one time outstanding of $75,000,000;
Period—
''
—Week End. Jan. 14—
—Jan. 1 to Jan. 14—
borrowings under .such credit agreements are evidenced by short-term .,
1948
1947
1948
1947
unsecured notes not exceeding 360 -days' maturity and bearing interest
Gross
earnings.—___—
$6,085,555
$5,737,290 $11,547,252 $10,833,028
at a rate of V/z'/o per annum; agreements provide for a commitment fee
—V.
167, p. 292.
of 'A of
per annum on the daily average unused amount of the
credit commitment.
The names of the banks from which money has
Southwestern Associated Telephone Co.—Earnings-^
been
borrowed
pursuant to
such .credit agreements are:
Bank oi
Period End. Nov. 30—
1947—Month—1946
1947—11 Mos.—1946
America
N. T. & S.
A.. Los Angeles: Bankers Trust Co., New York;
$
$
$
California Bank, Los Angeles; Chase National Bank, New York. Citi¬
$
Operating revenues—
$336,045
$28J,414
$3,365,867
zens National Tru t & oavn.gs Bank oi Los- Aijge.es; Farmers and
$2,838,598
which
Jan.
increase
temporary basis the fixed
The
Cr56,8£3
18,366,182
3,183",091 shs.
8,000,000 shs.-
$25)——-i—.--2'
of .indebtedness
amount
wage
subsidiary,
165,209
facility
•Ihdenture provides? in substance,
-
the
temporary
Stock—
13,306,538
22,238,169Cr31,570,997
1,722,794
1,653,071 shs,
eeries_'i—
Common.stock (par,
1,257,442
...
taxes
;;
stock' (par $25)—3,000,000 shs; •
conv.
7,409,568
8,645,466
55,093,113
118,611
1,653,429 shs.
800,000 shs.
'
i
6,851,101
13,108,091
Contingent charges
: z.:•«•
a
pensated
a
160,000 shs.
■>-
that
announced
17
granted
temporary
on
rates
Unit
117,012,265
(net)_
tNone
"
.
160,000 shs.
6,000,000 shs.
—
4 88%
Cum." pref.
on
oity
—
pay
The
767,562
*
".J
a
wage
wage
V J
1,454,634
40,000,000
$75,000,000
_____—___
4,32'I-
.
and
In
concerning
1,239,142
1 ' - VZ
pay
Non-supervisory
7,824,672 F 3,735,638
648,365
658,158
taxes.
taxes-
:
■■■v:Z
effective Jan. 16 it was
and salary increases a
base
supervisory
employees.
39,948,326 460,796,523 446,710,064
36,212,688 363,784,258 391,616,951
35,616,411
of
The
30,000,000
stock (par $25)
———seties_—*
Cum. pfd.
County
Equipt. rents
Jt.
$108,000,000.'
~
A, due 1973
original pfd. stock (par $25)
insur.
•
the
unions.
rate
1947—11 Mos.—1946
J
-43,441,083.
\
Jan,
on
previously
of
supervisors
Outstanding
—
bank loan notes—
%%
5%
by
3,014,034
'*■■■'
opers.
Miscellaneous taxes
•
;
,
1,822,581
1947—Month—1946
.
0
bonds:
ry.
taxes
FINANCING
OF
Authorized
•
First and refunding mortgage
1
part
Transportation System—Earnings-r-
expenses.
fr;
retirmt.
Federal
v
COMPLETION
280,181
:
•
of all non-supervisory employees not represented
addition it has granted to these employees and to all
company
making
$3,845,245
Net- ry; .oper.Income
Other income
of the principal amount.
CAPITALIZATION,
oper.
rev.
Federal
by application cf certain moneys deposited in a special trust fund, at
the redemption prices, plus accrued interest,
the initial redemption
price being 105.187';
52,647,249
324,426
oper; .revenues.:
Unemploy.
Bonds will be redeemable at
due Jan. 15, 1973.
"f "i"1'■'
,'•
*-
Net
V
the option of the company
'
,'L'
Railway
each for a 3Va% coupon; were Blyth & Co., Inc.,
First Boston Corp. and Harris, Hall & Co. (Inc.),
The
'<?
Railway
Other bids received,
Dated
This
*.
;•
Period End. Nov. 30—
'
and
2665.
p.
$348,001
:/"
Wages and Salaries Increased—
[Including Separately Operated Solely Controlled Affiliated Companies]
,
101.71;
166,
Southern Pacific
bonds, series A, due 1973, 3V8%, at 102.187% to yield ap¬
proximately 3%. The issue has been oversubscribed.
The group was awarded the bonds at competitive bid¬
ding on its: bid of 102.02599. ..■*
,=• >■
10L5579.
$399,719
income
charges——
operating
after
—V.
Stuart & Co. Inc. and associated underwriters on*
22 offered $40,000,0(10 first and refunding mortgage
sey,
$3,183,378 $36,844?; 117 $33,987,270
2,569,202
31,650,666
26,850,082
260,175
2,546,202
3,291,943
share..
per
^"
Net
;
1
55
quarter, and, In addition, extras of 25 cents each were paid on Sept. 10
and Dec.
10, 1947, which brought total payments in last year to $2
1947—11 Mos.—-1946
$3,188,701 $36,897,939 $34,030,664
i .>.
53,82243,394-
$3,787,082;
3,066,925
' ' 320,438
expenses
Operating taxes
(475)
' t'5,323
t ' 4,070
Operating, revenues —:
Of the latter amount $14,200 is
these items.
rev.i '•
oper.
CHRONICLE
Telephone Co.—Earnings—
$3,791;152
Operating revenues
30, 1946. ' The provision for income taxes, for
reduced by approximately $249,000 as a result of
tion
FINANCIAL
1947—Month—1946
Period End. Nov. 30—
1945 accordingly
the tax applica¬
considered by thej
applicable to the 12 months ended Nov. 30, 1946.—V, 167,
was
Nov.
&
Southern New Englknd
$297,837 for redemption premium and
incurred expenditures of
pany
COMMERCIAL
THE
Number 4667
Volume 167
—-V.
from
railway
railway
oper.
166,
p.
income
2316.
18,837,549
40,695,885
13,816,743
13,404,747
54,452,629
11,892,072
u
56
THE
(476)
Texas
$4,300,000.
1947—12 Mos.—1946
1947—Month—1946
He
efficiencies
Light Co.—Earnings-
Power &
Period End. Nov. 30—
now
845,988
704,959
9,942,698
244,214
208,343
2,376,061
101,593
86,233
981,965
888,552
123,000
100,000
1,656,000
1,200,000
Other
taxes
;
—__—___
Prop, retire, res. approp.
Amortiz.
plan,
314
290
4,495
3,279
Net
—
$495,413
Other income
(net)
356
$5,615,577
5,056
$4,943,307
306
operating revenue
$457,460
12,632
___*
the
employees'
its
of
scope
group
to L. K. Lindahl, President.
The cost of
mutually by the employees and the company,
according
is
met
of
the
their
The
V.
plan
163,
2565.
p.
company.
"We believe the industry. would attain, high
cost production at an earlier • date - under the ^incentives
private
enterprise.
;.
,
vulnerable
Gross
income
Interest
&
$495,719
$5,620,633
1,258,764
$4,955,939
1,300,301
$457,816
121,098
___—r
102,393
charges—
865,050
requirements ior the period
Pref. stock dividend
—V.
$4,361,839
865,050
$3,655,638
$355,423
$374,621
income
would
167, p. 52.
Railway
oper.
deducs.—
235,695
Fed. normal & surtax._
16,900
Operating
Other
Gross
deductions.
"Loss.—V.
154,928
$34,632
$767,430
$605,439
8,437
The
,
York
New
10/i
stock
19,083,130
,
Jan.
on
.J
'
_
.
-
;
Stock Listed—
the listing of
approved
21
payment
of record
the U. S.
•Circuit
Court
of
12, 1947,
(denied a petition of Mission Corp. to stay the preliminary injunction
issued by
the U. S. District Court of Nevada against the carrying
cut of
the
merger of Mission Corp.
and Pacific Western Oil Corp.
with and into Sunray Oil Corp.
The agreement between Tide Water
and Sunray Oil Corp. dated Oct. 27,' 1947, providing for the purchase
by Tide Watei from Sunray of 1,923,447 shares of Tide Wai.tr com¬
mon stock
at the price of $25 per share, was subject to the condition
that such merger become effective by Dec. 23, 1947, and such merger
was
in turn subject to the condition
that Sunray purchase from
the
Getty
interest,
including certain
Getty Trusts,
approximaely
85% of the capital stock of Pacific Western Oil Corp.
When it be¬
came
apparent that the merger could not be consummated in the
time allowed,
Sunray proposed, nevertheless, to go ahead with the
purchase of the stock of Pacific Western from the Getty interests.
However,
on
Dec. 21, 1947, Tide Water was notified by Sunray
it
shareholders' meeting, held cn Dec. 8,
Appeals for the Ninth Circuit, on Dee.
purchase
V.
166,
167,
Pacific
of
with
contract
2424).—V.
p.
with
contract
its
holdings
their
of
Water's
Tide
the
abandoned
had
Sunray
the
Getty
Western
interests
and
at
an
that
end
Corp.
Oil
therefore
was
the
for
(see
all
3,532,606
51,512,636
35,891,160
518,495
828,962
7,340,770
10,924,774
Operating
24,766,885
be
in
high
as
4,358,354
2,703,624
44,171,866
inc. taxes
2,300,000
1,200,000
25,299,590
•(Includes
inc
1,550,008
874,619
net
\
'
f
i
rubber
.
,
< * *
,
the
impetus
l*
1
.
v
r
,
*
.
1i
'
J'
t
5,740,29?
^
j
*-*;■•,
V,yv
"
___u
income
on
>
reserve
operations in December
same
r.onth
year
it
ago,
showed
income-$776,223
on
Cargo Sales.
freight and air express combined totaled
cargo ton miles, up 20%
from 1.564,282 in the
mail
Air
from
operations
962,4C4
United
and
Mainland
May,
Craiy
between
said
San
million
a
United
ton
Honolulu
and
carried
the
on
route
including
miles,
mora
than
totaled
.
corporation
the
of
stock
were
reported
Jan.
on
over
of
air
16,145
a
air
21
that
(he
in
arrears
the
on
prelrence
stock at the present time.—V.
___u_i:u__I.I113,350
requirements
June
above
by
11,
b
the
accordance
and
mail
The
owned
quarter
774
(f
:
1947
$410,998
,52,500
preferred' stock_.
on
4,238
.
tho,company acquired
based
(a)
upon
operations
company,
ioi
annual
the requirements of
of
the
retirement
with
the
properties
reserve
mortgage
now
accruals
securing
first mortgage
the
in
co's
bonds, ici annual Interest requirements on the co's first
mortgage bonds, and (d> Federal income taxes computed on a
separate
corpoiate basis and at rates currently in effect.—V.
165, p. 8099.
Utah Power & Light Co.
net
Period End. Oct.
Total
open.
Oper.
value, the asset coverage per shaie at Dec. 31, 1947 was $93.37 for the
preference stock and $3.39 for the common stock. There are no divi¬
dends
8,549
$329,760
the. capital stocks
and immediately thereafter the
assets of Copper District
Power Co.,
Houghton County Electric Light Co. and Iron Range Light and Power
Co.
Dec. 31, 7)47 was $3,770,629 and earnings
$362,061. Eased up.n the indicated market
ended
year
$521,211
I
v
dividend
.
,
■'
income
NOTE—On
Corp.—Earnings—
the
ior
the common
for
start
the
operations
caigo
directors
The
income
N.'t
1,230.009 miles between the
of
scheduled opcrati.ns last
than
19 ,003 ton miles
miles of air freight.—V. 1G7, p. 8/.
ton
77,000
since
Il5,000
■*-'
(net,)
bonds
on
Annual
more
-
income
Interest
an
ti Haro.d Craiy, Vioe-Ptesluent—traflin and sales.
that between May l and Dec. 31, Malnliner flights
Francisco
Air
traveleis.
of
Hawaii
according
Mr.
ago.
has ilown
Lines
$851,245
215,034-
,:s,-u::..
Amortization of debt discount and expense
Other income deductions
estimated 1,872.764
same per od last ye.r.
estimated 8U191S ton m.lcs, down 10%
an
income
Gross
year
a
Air
were
k
"_r
■
accruals
Utility operating Income
Other
of
Air
*
•
■
increase over
substant al
a
>
•
194S.1947$f,251,529' $1,464,164
324,477
412,449
40,651
56,470
HO',177
123,100
corporation's air
tie
f
,
___'
taxe3
Retirement
t e
was announced by M. P. B.ckley, Manager
cargo
a
;
.
Co.—Earnings—
Sept. 30—
revenue*
Federal taxe
Operations Up—
ho.iday sh pping,
heavy
of
but
is also stockpiled and
plants which continue to produce.,
A.
Under
critical
tons,
pr-cing
Balance before Federal taxes
„
800,000
as
11,313.3.73
14,219,147
7_
158.
167, p.
.
from
& gas opers
been produced
number of
1949,
12 Months Ended
General
oil
a
^adequate natural rubber
synthetic, rubber
rubber
Maintenance
sources
—V.
,,
600,000 tons of synthetic rubber a
year ii>. an, emergency, and thatthe National
Security Resources Board be made respons.ble for all
rubber policy decisions concerned with
national security.—V. 167, p. 293.
;
•
rev.
156,
Net
z\—
$1,425,652
1,085,863
deductions..
revenues
income
(& Subs*)— Earnings—
1 *47—Moh h—194S
revenues___
oper.
Other
1933.
p.
52.
p.
much
synthetic
synthetic
4,876,849
United Air Lines; Die.—Air Cargo
of 1,923,447
Common Shares Off—Contract With Sunray Ended—
William J. Burker, Secretary, in
a report
to stock¬
holders dated Dec. 31, 1947, said in part in substance:
Subsequent to
of
chgs.__
other
"Includes Fed.
,■'
Tide Water Associated Oil Co.—Purchase
that
.
.
.
investments
Income
&
-
11,255,861
7
1947.—V. 167, p. 158.
31,
of
might
Upper Peninsula Power
Fixed
free
■'
;
.
24,435,239
1,279,365
how
oh
Maich,
figure
whjch have
full
an
Operation
** \
[
Exchange
Curb
32,44^,506
1,293,432
.7
;
3,003 443
from
Total
shares of $5 par capital stock, issuab'e in
dividend, payable Jan. 10, 1948 to holders
additional
2.253,241
of
policy and the ending of the,
technical information pool. Also%he
company.suggested .that Congress'
see to
It that enough plants be
kept in operable condition to produce
11,490,847
trans.
other sources
&
13.252,835
quality,
■'
;
synthetic irhbbers
no
exact
number
revision
1,873,401
from
Net inc. fr.
'
'
"
,
32;487,6o7
207,605
$17,775
$23,771
J
68,413,74)
50,743,927
" :■
the rubber stockpile should be large- enough so
that the plants
may be safely offered.for sale and the mandatory'useo'f synthetic rubber
may be ended," Mr. Smith said.
*
Recommendations for modification of the rubber law included; the
,
opers.
$397,833
...
Corp., Chicago—Additional
Thor
39,766
143,187
$624,243
96,451,208
3,220,170
1,367,635
inc.
tine,
16,857
6,766,843
facil. rents
(net)
Net
$450,511
284,655
opers.
ry.
—
Equip. & jt.
107, p. 52.
*
Dec.
$482,775
13,017
,
income
Net
•
a
$21,615
$32,258
,
income
jfneome
of
"$2,436
34,694
income____
income
9,113,209
4,742,126
fr.
rev.
"Taxes
$2,815,116
2,072,605
292,000
$3,325,168
2,411,994
430,400
$211,714
178,099
12,000
$250,160
Net
1947—12 Mos.—1946
1947—Month—1946
Operating revenues
The
depend
the
"By
Service Co.—Earnings—
Texas Public
Period End. Nov. 30—
revenue
on
31,057,846 369,512,975 331,523,511
24,291,003 273,061,707 263,109,732
36,144,680
27,031,471
revs.____
Railway oper. expenses-
Oper.
stockpile.
1947—11 Mos.—1946
1947—Month—1946
Period End. Nov. 30—
M
are capable of
replacing natural rubber In
products.
Thus it is felt we should have
the companies)
(Excluding offsetting accounts between
Net
position."
He explained that
(& Leased Lines)—Earnings—
Union Pacific RR.
'*
'
.
"However, sale at this time might-delay the stockpiling of natural
rubber during the period of
plant transfer,/ leaving' o'qr, nation in a
•
•
enough
secure
company
the
low
employees contributing fixed amounts through deductions
pay, and
the employer bearing the ba.ance of the cost.
is underwritten by the Metropolitan Life Insurance Co.—
with
from
Investments
broadened
has
corporat.on
the .insurance
of limited-term
nation
The
TJdylite Corp., Detroit—Insurance for Employees—
This
insurance
until
natural
rubber has been stockpiled to make
in
the event' of 'another-^emergency.
also recommends that- the basis for, determining ,syn- j<
thetic rubber prices be
revised and that the pooling ,,of technical
information be ended as soon as possible after March 31, 1948, when
the present rubber law expires.
'
< • j
V
,v •
1
•" *
."Under normal conditions we would, iaypr immediate sale. of the,
government synthetic rubber plants," said Herbert E. Smith, President
the
8,124,666
1,912,209
Monday; Janiiary 26, 1948
delayed
production lino
deliveries—V.
current
make
to
$1,557,309 $19,903,310 $17,745,499
$1,810,493
:ZZ—
taxes
Coach
Twin
and
capacity
plant
increased
enable
166, p. 2565.
Operating revenues.____
Operating expenses
Federal
said
CHRONICLE
FINANCIAL
&
COMMERCIAL
875,250
$33",789
(net)
'(S
$4,533,732
2,434
30.191
71,596
$411,543
"
•
$16,511.683 $14,550,619
11,.84,951
D,589,365
$117,089
$4,563,923
2,364
;
1947—12 Mos.—1946
$1,292,339
$4,961,244
•
.
United
Time, Inc.—Three New Directors Elected—
See
of this company,
Director, and Paul G.
Hoffman, President of Studebaker Corp. and Chairman of the Com¬
mittee
for
Economic
Development,
have
been
elected
directors.—
Charles
V. -164,
Vice-President
Stillman,
L.
Black,
Howard
Vice-President
its
The
21,
this
1946 annual
Feb. 20.
until
time
meeting was put off
of
U.
S.
Court
Supreme
This
have
in
again
the Securities and Exchange Commission, plaintiff
suit,
and Transamerica conferred
the week before
last on the possibility of adjourning the 1946 meeting and submitting
to the 1948 gathering in San Francisco, Calif., the Gilbert proposals.
Mr. Gilbert asks election of auditors by shareholders and that man¬
submit
agement
report'to stockholders
167,
p.
87.
a
place
takes
what
on
at
meetings.—V.
annual
Transcontinental & Western Air, Inc.—Sets New High
In Overseas Traffic—
Airline
World
Trans
©f
16.—V.
166,
all
topped
its
previous
the number'
records in
and the volume of mail and cargo carried overseas in
1947, it is announced by Warren Lee Fierson, Chairman of the board.
International TWA passengers in 1947 totaled 66,384—an increase
of
103%'
over
the previous year.
This was 65%
higher that the
passengers
increase registered by all U. S. international carriers during
the same period.
'The integration of the Transcontinental and International Divi¬
average
2,
Fred
corporation
a
Earns,
Corp.—Acquires
Interest
Tne
corporation,
the
will
continue
shortly
industrial
for
Gross
The
of
will
Directors
Mengel
be
Sheffie'd
>
1946
1945
1944
$102,072
"25,565
$161,673
$99,187
49,605
"1,456
"32,315
25,706
12,809
11,226
1,692,591
1,412,591
1,343,239
1,208,653
113,600
138.248
285,761
213,130
15,885
39,555
177,169
124,734-
income
railway
railway
income—
oper.
company on Jan. 9 announced that it hacl
changed its name
Heating Corp.
A.
D. Bruce,
President, stated that since
company's
product
include
heating
and
temperature
control
equipment for various types of transportation, the new
Vapor
the
"was
name
felt
to
be
suitable."—V.
more
153,
1007.
p.
Vapor Heating Corp.—New Name—
See
Vapor
Car
Heating
Veeder-Root
Co.,
above.
Inc.,
Inc.—Earnings—
"Jan. 1 to
and
before
income
Fed.
Jan. 1 to
Nov. 3,'46
Nov. 4,'45
taxes
provision
for contingencies.
contingencies
for
Jan. 1 to
Nov. 2,'47
Period—
Earnings
$2,970,012
$1,756,330
190,000
$812,783
150,000
West-
and
$2.05
Vapor Car Heating Co., Inc.—Changes Name—
104,572
—
Balance
Leather Co., and James J.
and Allister McCree, of Good-McCree
Dunne of United States Plywood Corp.
ray,
$0.20
"2,978
from
Provision
Hinson,
Koeninger,
1947
$158,250
______
from
ry.
to
Co.
Messrs.
I
|
The
manufactured at plant facilities set
up in space made available by The Mengel Co.
in Loaisvil.e, Ky. It
is being produced currently at Hackettstcwn, N. J.
National sales headquarters for Deco Plastics, Inc.
will be in the
Weldwocd Building
at 55 West 44th St., New York City, and
the
product will be distributed through Flexwood-Flexglass distributors,
United
States
Plywood
Corp. distribution branches,
warehouses cf
U. S.-Mengel Plywoods, Inc., and Blanchard Deco Plastics, Inc.
President of Deco Plastics, Inc. will be Karl W. Koeninger, who is
Vice-President
of
Blanchard
Bro.
&
Lane,
leather manufacturers;
Vice-President, William Hinsun, also of Blanchard Bro. & Line; VLePresident in
charge of manufacturing, Charles L. Westray, of The
Mengel Co.;
Vice-President in charge of sales, W. H. SheJicld, of
United States Plywood Corp.; Secretary, Simon Ottinger, who is also
Secretary of United Stales Plywood; and Treasurer, Clarence Melcy,
Treasurer
$1,363,666
"Deficit.—V. 166, p. 23171
be
will
$0.21
railway
railway
oper.
Net
use.
Vinylite
share
1829.
from
ry.
plastic sheeting, presently known under the trade name of Blnnchardized Vinylite,
utilized extensively in upholstering, lor wall coverings,
and
1,066,717
$1,480,430
$2.45
$234,392
From Jan. 1—
to Dcco Plastics,
distribute decorated vinyl
and
$249,454
com.
p.
from
Net
will be changed
manuiacture
to
$2,430,383
1,422,283
November—jNet
a one-third ownership share in
with Blanchard Bro. & Lane, and their
also holding a one-third interest, and 50%
company
$2,902,719
Ry.—Earnings—
Net
power.
of
name
It
per
166,
Gross
Plastics, Inc.
companies each will have
two
1,661,204
$234,392
in
Deco
purchased
185,151
$249,454
—
Balance
The Mengel Co. on Jan. 21 announced they
two-third stock interest and 50% voting power
and
92,699
$5,032,840
2,602,457
to
Utah
jointly acquired
$342,153
income
Dividends
2317.
Plywood
income
Net
Effective—
United Board & Carton
Enders, President, announced
company
Jan.
on
p.
States
Blanchaidized
Attorneys for
in
the
original
(*■■•••"
this
of
name
effective
Blanchard
Inc.
has
'2317.
p.
Plastic Firm—
voting
York.
New
in
associates, original owners,
refused to review a .third Circuit
Court of Appeals decision ordering Transamerica to submit to stock-,
holders certain proposals by a minority shareholder, John J. Gilbert
The
166,
—V.
The
adjourned
corporation's
Jan.
became
Jan.
(he
on
change
United
share to dealers.—V. 165, p. 1501.
Adjourns Meeting—
b?low.—V.
Co.
Gross
Income deductions
fr
Company—Secondary
Transamerica Corp.—Again
Paperboard
United Paperboard Co.—Name Change
on
Offering—Stone &
Webster Securities Corp. and associate offered 18,000
shares of capital stock (no par) after the close of the
Stock Exchange Jan. 14 as a secondary distribution. The
price was $35% per share, with a concession of $1.10 a
Corp.—Name Effective—
Carton
&
•
Sales
Corp.
Torrington
The
United
and Treasurer
and
3336.
p.
Board
Divs.
$2,780,012
received
sub.
from
cos.__—
—
$1,606,330
$708,211
23,360
___—
•
virtually completed,"
sions, now
sible
the
for
sharp
carried
freight
of
increase
field
overseas
220%
of
increase
an
increase
the
led
also
TWA
the
in
oyer
industry.
record
in
in
volume
increase
of
air
and
miles,
express
1947 when it flew 3,016,245 ton
1946 and more than twice the, average
of
3,273,501 ton miles of international air
mail was estblished
by the line during 1947—an increase of 75.6%.
Trans World Airline recently purchased 12 new Constellations at a
cost of $15,000,000 to meet the uptrend In international air travel.
TWA
Another
these newest of long-range, trans-ocean transports will
spring and will continue throughout the summer, the
announcement concluded.—V. 167, p. 87.
of
Delivery
this
commence
A
new
Corp.,
and
wood
imported
S.
nounced
W.
on
Light Colored Hardwood—
important
is
being
Antoville,
Jan
Total
Federal
decorative plywood made from veneers of
manufactured by United States Plywood
Vice-President and Director of Sales, an¬
light
income
Balance,
Co.—Larger Cash Dividend—
dividend of 30 cents per share has been declared on the
stock, payable March 10 to holders of record Feb. 27.
This
with 25 cents paid on. Dec. 10, last, following a 100% stock
United States Radiator Corp.—New
A quarterly
common
compares
distribution
cash
Nov.
on
of
dividends
35
21.
On
March
cents each
10,
June
paid
were
12
and
the
on
Sept.
stock
10,
1947,
outstanding
Surplus
"Including
based
to
construction
on
the
of
newest
metropolitan
ContractNew York's
per
side, Queens.
*
project, consisting of 18 build'ngs, is located between 215th Place
and 47th and 48th Avenues, Queens, New York.
The
units will be available next May and the remainder next August.
Tne
Coach Co.—Record Output in 1947—
Last year
H.
2211
livered
these
deliveries,
this
said
Arnot
liveries in
October
Twin
Mr.
de¬
per
month was October, when 231 Twin Coaches
Although December output was at the rate of 10
due
working
to
Coach
Latest type heating technique involves
using three Pacific boilers,
sion
of
United
States
forced hot water system
a
manufactured by Pacific Steel Boiler
Radiator
Corp.
pacity of 21,250 sq. ft. of rad'at'on.
be installed.—V. 166, p. 2605.
Divi¬
the boilers has a ca¬
A semi-tankless hot water supply
of
Each
day, the December
holiday shutdowns.
sales
are
continuing
at
a
total
of
201
was
less
satisfactory level.
Mr.
Rubber
Co.—Asks
That
Transfer
Arnot
by
nil;
announced
on
Jan.
19
that
th's
company
endorses
private
operation of the country's synthetic rubber plants, but recommends
that transfer of these plants fro.n government to private hands be
receivib e,
$190,000;
taxes
capital
capital
—V.
U.
net
equal
to
profit for
common
SHEET
S.
Corp.
was
AS
$4.16
1946
per
share
was
equal
shares.
OF
NOV.
2,
1947
Government
obligations, $809,630;
inventories, $2,689,677; fixed
$410,504; investments in.
foreign
$1,224,654;
accounts
accruals
(less
cash
payable,
and
$149,067;
reserves,
reserved
for
tax
reserve
for
con¬
miscellaneous,-r$656,373;
payments,
$1,662,873)',
stock
(414,600
shares
without
par
value),
$2,591,250;
$832,411; earned surplus, $5,195,509; total,
$9,614,61o!
1934.
surplus,
166,
P.
Virginian Ry.—EarningsNovember—
Gross
from
irom
ry.
II1947
railway
oper.
1946
Net'
irom
from
$2,238,423
292,064
$2,456,616
"296,649
909,235
613,855
254,746
109,959
593^326
33,558,036
22,711,962
26,296,587
13,625,926
6,307,754
27,036 248
8.091,548
11,300 133
8,298,752
4,272,716
6,554,688
6,571,110
.
;
iailway____
railway.
oper.
inc
163,
1944
$1,750,232
1,231,576
inc..
"Deficit;—V.
ry.
1945
$3,169,121
railway.
From Jan. 1—
Net
was
BALANCE
LIABILITIES—Current
Gross
Be Delayed—
than
reported that new orders received in November and December totalled
States
Government of Synthetic Plants
It
$124,830
The
207,300
on
$1,631,936;
accounts
tingencies.
accrued
Net
will
United
$611,318
Screw
period
shares.
common
share based
1947
assets, net, $2,830,514; other assets,
subsidiary companies, cost, $17,695; total, $9,614,610.
Net
production
delivered.
coaches
exclusive of service parts sales, was $30,219,768.
volume is more than three times greater than
(
prewar year.
any
Heaviest
were
first
the largest production year in this company's history,
Vice-President i/c sales, announced.
The company de¬
motor coaches in 1947.
Approximate dollar value of
was
Arnot,
C.
and
Holo-Krome
profit for the
CONSOLIDATED
i
apartment
and 216th Street,
Twin
$424,830
300,000
$1,101,401
:
subsidiary,
414,600
on
$4.9-1
period.
for
NOTE—Net
notes
developments got underway the first week in January, when Max
Lewis, President, and Karl Kirmse, Vice-President of the Rocky Hi I
Garden Apartments Corp., began a 234-unit apartment project in Bay-
prior to the stock disbursement.—V. 167, p. 293.
407,300
paid
$708,211
283,381
611,072
colored
ASSETS—Cash,
Truax-Traer Coal
$1,018,618
621,900
___a
$1,62.9,690
$1,723,301
taxes
$2,780,012
1.056,711
surplus
Dividends
21.
hardwood is being offered to the market at a
low price under the trade name of Korina.
It is a decorative wood
ranging from a striped effect to a highly figured variety.
Logs for
its
manufacture
are
being
imported into
the country, and were
found to be so free of defect that sheets of veneers far more uniform
than prima vera weldwood plywood were possible, Mr. Antoville said.
Korina was developed
by United States Plywood Corp., Mr. Antovillo
declared,
to
meet
the
increasing
demand for a fine, lightcolored
cabinet wood
at
a
reasonable price.—V. 167, p. 293.
The
„
,
New
Offers
Piprson said, "is largely ■respon¬
TWA's international traffic volume."
Mr.
p.
2317.
-
-
>
i
.
Volume
THE COMMERCIAL
Number 4667
167
Transfer
Virginia Electric & Power Co.—EarningsV
1
1947
calendar Years—
Operat.ng
expense
_
Other
income
693,168
taxes
—_—
3,148,124
Net
operating
income
Other
Interest
$9,023,115
Drll5,273
2,127,747
2,118,514
$6,771,510
$5,324,155
The
of
$5,038,066
the
August
estate mortgage
to affiliated
company not consolidated (covered by net cur¬
assets), $120,000; miscellaneous investments (at cost, less reserve),
other
assets, $3,270,417; property, plant and equipment
(after
reserve
for depreciation
of $26,756,738),
$43,751,490; prepaid
insurance, etc., $773,455; unamortized debt disjounc and expense, $233,oou; total, $139,801,477.
'
|
$1,040,199;
iunding and real
exchange and
over-the-counter,
to $16,799,000 on Dec. 31,
stock
LIABILITIES—Accounts
thereby
reducing
COMPARATIVE INCOME ACCOUNT
1
Net
income
Preferred
__
dividend
...
requirements..
...
...
Applicable to common stock—.
Earnings per share (based on 2,938,425
—_
—V.
166,
'
2424.
p.
'
•
shares)
$1.81
Period End. Nov. 30—
V,•'1
•
Operat.ng
$1.72
expenses
Petroleum
Corp.—Earnings—
sales
•Net
and
1947
$22,908,312
3,865,633
1,297,660
2,241,552
....
shares
Earnings
outstanding
common shares
per
"After
Deducts,
The unsubscribed balance of
First
$3.74
,
haying subscribed for the balance.'—V. 167,
See 'Georgia'
Lumber
Hardwood
123,'V p.
and
Co.
/;
revenues
:
Oper.
expenses
_-_i_
other
&
Power
Timber
inc.
the
<
other
taxes—
140,293
?.
oper.
to
"84,106
1,010,000
1,010,000
$3,985,714
$4,526,708
27,180
70.292
,
"$320,549
income
met)_;__
Net
-
■
Div.
other
'"-$321,306
$256,402
$4,012,894
158,938
995,448
$246,035
applicable
stock
to pfd.
:
$97,464
the
for
$3,017,446
210,000
$2,807,446
"Extraordinary non-recurring tax benefit in
Georgia
in
have
assets
increased
in
bonds,
Fund's
stocks
preferred
The
of
:x1'A'
'
Fund
its
A
\
is
decline
recent
a
plan
of
Transportation
portfolio
investment
in
of investing a large part
preferreds, which after their
and
preferred,- and
institutions.—V,
1,026,850
American
The
167,
p.
stock
record
split
Jan.
30,
These
held.
annual
Nov. 29,
The
'47
30, '46
Dec. 1, '45
share
Jan.
30.
On
$2,518,820
$994,836
134,488
>-vie:
$2,843,321
$1,129,324
61,303
1,050,000
1,260,000
515,000
profit
C40.000
Preferred
"Earns,
"On
,
$1,515,546
$553,021
292,000
292,000
292.000
per
145.782
145,782
1,
$115,239
$2.10
$.45
ASSETS—Cash in banks and
sales
&
.hand,
on
NOV.
29,
$10 641,536;
liabilities,
$12,478,808;
dividend
common
payable,
and;stato income taxes,
$291,564;
$9,973,437;
no
par shares), $17,813,036;
$2,758,750;;-paid-in
surplus,
Ry.
November*—
.
Gross
from
Net
from
Net
ry.
for
reserve
income
federal
convertible preferred stock (300,000
stock
common
(600,000 no
par
shares),
Net
from
Net
ry.
,
Prov.
1945
$318,362
$369,104
and
each
the
136,
share
WLc.
payable
stockholders
10
June
2,
Sept.
l
at
to
holders
per
and
Dec.
25
1,
.
cents
..
.
:.
Oct. 28, *44
'
40,000
*
.
Earns,
433,099
287.293
9,930
16,995
9,198
Cost
V
ineei
company
1946
1945
$33,491
$43,810
$54,236
1,717
1,772
636
459
190
$35,668
$45,772
$54,872
18,652
17,061
14,581
49,759
17.500
26,400
28,000
10.750
10,075
Cr76,709
Cr26,715
$15,965
$27,176
,'
19,829
tax_
-
__________
$39,340
against
profit
sales
on
Cr32,706
$35,477
securities,
of
-V,
166,
Industries, Inc.—Earnings1947
1946
$4,337,493
$4,134,638
5,190
shipping,
Research
admin,
engineering
Amortization
of
and
438,377
goodwill
;
deductions
income
from
per
ASSETS—
U.
V
__I
!___
savings
Claims
for
Accounts
share
OF
FINANCIAL
,934,017
8,190,000
,550,000
69,027
77,242
74,110
78,470
8,311,560
5.036,602
31,221,408
7,353,791
27,119,243
162,143
of
Fed.
less
Aug. 31,"47
$1,559,697
$1,881,466
i00,C59;521
taxes
on
reserves—
59.006
r;t,auL52,247
*"'T.i538,578
income
1.357,576
value
of
other
life
52.247
1,538,73a
1,474,617
I'- 120,978
-
insurance—.
assets
112,319
106,209
88,416
*,2)406,674
2,281,633
——I—•'•>> 172,501
Patents
Purchased
4,930,265 111,750,000
$0.65
CONDITION
Nov. 30,'47
a
Inventories
and
60. COO
31,256
400,006
$0.69
STATEMENT
;
receivable
surrender
$293,234
30,697
bonds—
refund
1!):.'. ('(><)
;
400,000
v
______
S.
8,540
$305,139
100,000
declared—
outstanding
common
9,180
2,307
192,900
declared
dividends
shares
Earnings
21,286
2,394
;
(estimated)
dividends
Common
318,116
9,180
1.090
income
Preferred
3,292,131
-
23,691
profit
Common
$4,137,388
3,369,912
expenses
expense
Taxes'on
Net
I__
general expenses.
products sold—
Selling,
2,750
$4,342,683
175,80-1
Prop., plant, & equip., costs not chgd. to opers.
141,862
1944
5
1,03^
taxes
applied
Investments
•
—.15,448.823
„
surplus
32,619,343
32,704,326
price
Divs.
36,258 ,010
3,943,274
1,501, 518
as
a
34,473.034
"
Deferred
will
good
charges
•
659,548
_________
i
_—
668,728
% '
92,766
:
Total
$8,043,336
•
Trade
accounts
97,627
$8,313,55$
salaries
Divs.
on
Adjust,
3,000.000
2,000,000
1,017,429
822,346
stock
1,904.738
1,269,825
common
prior
Relinancing
ether
2, 968,512
adj.
on
101,665
118,32.9
"20,807
35,087
33,972
Earns,
long-term debt due within
year-
22,500
inc.-estim., less U. S. Treas. tax notes
751,398
estimated
285,566
334,086
488,895
87,500
2,468,125
800,000
800,COO
143,241
surplus
2,861,506
141,188
2,687,064
$8,043,336
$8,313,556
—
_
166,
recorded
postwar
credit
in
taxes
Federal
p.
2356. '
of
on
[
for
of
profits
of
securities
tax
as
refund
.
$2.71
inven¬
deducting
of $295,000 and ' debt
the resulting reduction
at
..
of
The
NOV.
1,
1947
ASSETS—Cash,
accounts
$11,962,149; accounts receivable (after reserve for
of
$762,912), $25,218,133; inventories, $53,432,284;
December
1945.
.
,
.
capacity of 320 tons of sulphuric acid per
day.
It includes two plots of land of approximately three acres for
the acid p'ant and <.4 acre for service buildings,
11 concrete and
brick buildings, drying and absorbing towers, providing a total floor
area
of 13,74) sq. ft,
The plant had an original co.t to the govern¬
ment
SHEET.
(Including its Domestic and Foreign Subs.)
doubtful
Corp.
tAfter
applicable
BALANCE
Defense
first-out"
31,221.403
.
$720,000.
^Equivalent to
income. URetroactive wage increases, estimated
CONSOLIDATED
Chemical
retired.
$1.64
to prior years, less an estimated reduction of
$1,569,735 in Federal taxes on income attributable thereto.
'"53 weeks.
Power
Ozaik
"last-in,
32,704,326
$3.43
replacement
value
government-owned
cash,
plant at Tulsa, Okla., by the Ozark-Mahoning Co. for
the appraised
fair value of
the facility,
has been
approved by War Assets Administration, it was announced on Jan. 16.
Sales
terms
provide
for
termination
of
a
five-year
lease
with
Ozark-Mahoning as of Nov. 30,
1947. .The lease was entered into
32,619,343
$6.82
the
acid
$670,000
'
excess
of
;
American
i.
——
Purchase
29,660,138
retirement
22,500
1,089.614
Youngstown Sheet & Tube Co.—Affiliate Expands—
2,411,023
share.
provision
tOver
'.
2,434,875
Earned
method
valuat'n
com.
"Including
one
debt
convertible pfd. stock ($25 par)
stock, ($2 pai)
capital in excess of par value of stocks
Total
—
per
(mortgage)
cum.
Common
—V.
159,287
84,375
361,098
surplus end of
year
,' 68,641
118,417
long-term
sulphuric
Earned
30,851
.
"last-
of
first-out"
inventory
$758,786
30,695
107,092
343,114
and
applic.' to
—
-
commissions
expenses
of
Paid-in
1i290,265
exps.,
exchanged
Retroact.
5%
1,761,901
years.
costs
stocks
Accrued
Deduct
pfd. stk.
$4.25
$689,237
:
—
a,nd
*
Taxes
——
on
payable
Dividends payable
Portion
res.
$6 cum. pfd. stk.
on
Divs.
'
41,015,886
74,838
1944
Co.—Weekly Output—
will
Co.—Earnings—
Income
of
Cash
■
182,255
inventory
decline
1,859,598
139,888
future
900,370
Electric
20,260,806
619,911
cost;.—
approp.
for
324,617
.
559,750
12,800,654r
597,986
48,068,166
railway—669,893
-
the
income
Total
.
687,787
1
__i
of
tories.
2317.
issueil
not
b/
income
Total
tExcess
5.128,806
240,549
269,725
& for'gn
earned
4,733,641
income.—v
249,372
prof, taxes,
be
w.'ll
directors
taken
2216.
p.
$59,169
income
Miscellaneous
3,247,305
deducts.—
rights
filing
be
to
sine®
issr.®
to
deferred
1948.' The
29,
sales
Other
19,573,019
.
arising
proposal
has
2,250
1,618
income
Interest
3,244,666
I;.
the
record
of
12,530,929
.■
of
management
1398.
p.
Net
$1
of
11,390
pr.
circumstances
last
1947
exps._
Woodall
2,819,617
535,432
Fed-
the
19,330.015
19, 582,387
and
Deferred—
to
12
Three Months Ended Nov. 3C—
dividend
1, '47 Oct. 26, "46 Oct. 27, '45
24,621,086
charges
loans_
"Amount
of
ACCOUNT
INCOME
2,372,30®
N4;
$55 301
sees,
ba lk
State
Net
1398.
p.
special
Feb.
$0.06
action
166,
•
ridmin.
on
"Adjustment
the.?
4,461,525
id. debt
earnings
"7,261
85,966
rights.—V.
sees.
income
Wages,
$442,047
/
output of ;the electric properties of this company (previously
Water£!Wbi'ks'& Electric 'Co., Inc.) for the week ended
Jan. 17. 1948,^totaled1.'108*922,COO kwh.,'1 an increase of 11.80'/* over
the output of 97,430,000 kwh. for the corresponding week of
1947.
*>,
a
104.5
$l,398,83t>
11,604,553
LIABILITIES—
Net
Previous
3,510,455
Penn
27.—V.
stockholders
to
for
184,159
subs.
$1,860,000,
West
by
of
31
1946
2,688,954
for
24,378,932
________
net
in
':'C
p.
issuing
shares
upon
DECEMBER
tAfter
Accordingly,
Jan.
on
determine
income
Federal
deter¬
242,154
011
exc.
3,663,279
166,
be
•.
_
for U. S.
MI11. int.
;
"Deficit.—V.
by
announced
and
inc.
than
increases for
;
oper.
Jan.
""Nov.
income
Miscellaneous
in,
1946
railway
income—,
.
19
retroactive
of
$376,921'
rt.ilway_.___
railway
available
might
as
U.S. Government
1947
r
oper.
from
be
would
manner
4.--
of
Alabama—Earnings—
'
>
From Jan. 1—
Gross
of
acted
on
interest
wage
of
$3,200,000;
capital surplus,
$5,805,751;
earrmd' surplus,
$28,990,725:
convertible
preferred
stock
reacquired
(8,000'tshares at cost), Dr$480,84O; common stock reacquired (16,871
shares at cost), Dr$245,411; total, $102,977,820.—V. 167, p. 89.
Western
effected
be
cents;
?Portion
;
LIABILITIES—Notes payable to banks,
accrued
to
Sept. 30—
mktble.
Interest
split its
debt—
1947
$22,100,000; accounts payable
preferred dividend payable, $292,-
record
plan
some
employment.
332,315
owing
statement.
of
will
The
158.
p.
that
common
$10,000
1,283,445
Co.—Financing
future
of
of
stock.
repurchase
can
requirements,
167,
announces
mktble.
on
on
Gen.
(Mass.)—Stock Split-Up
oper.
other
inc. &
machinery and equipment, .at cost'(less-reserves for depreciation, $12,849*,173)1, $19sDG6.168;t'process, patents and trade-marks, net, $6.; pre¬
paid expenses and deferred charges, $513,358; total, $102,977,820.
000;
Other
9,
on
^Includes depreciation.
.securities,'(including-ftccrued interest), $3,032,882; accounts and notes
receivable (less reserves),( ,$13,888,235;. inventories,
$48,302,537; other
assets and investments;'$5,'311,326;'land, at cost, $1,321,772; buildings,
and
2,991,489
stock,
Premium
$0.36
.
,
CONSOLIDATED BALANCE SHEET,
:
2,664,251
CONSOLIDATED
Int. & amort.
$64,423
583,129 shares of common,, stock.,
:
3,289,234
additional
incen¬
eligible!
70%
and
excess
$0.41
Wisconsin Investment
Divs.
Jan.
20
'
Total income
,
-1;
771,331
227,288
1,569,735
$1,077,764
loss.—V.
registration
near
issuance
Intr.
be
tho
of
The
not
2,690,676
Cash
•145,702
—
* "M $917,038
share ;
' ;
$2.09
com.
to
8,266,994
which
cash
in
ENDED
share
dividend
COMPARATIVE
292,000
291,564
dividends
'-'Surplus-
the
23,112,281
such
total
$2,070,125
324,104
263,382
-
last, the directors declared the regular quarterly
per share on this issue, payable March 1, next,
record Feb. 9.
In. 1947, the following payments were
of
Operating
$502,205
$1,510,602
„
Common dividends
$1,695,738
of
basis
year,
common
company's
announcement on Nov.
stock purchase rights, the
stockholders
4,910,279
held
;
Other
Net
company
as
rev* 738,293,912 440,572,155 468,638,536 532,561,322
"Cost of sales
662,444,160 384,152,801 422,182,673 477,1*3,000
Sell., gen. & adm. exps.
44.581,772
32,340,555 ; 28,739,750
30,636.201
Depreciation
2,427,523
1,926,167
1,940,518
1,961,797
58,401
taxes
tNet
the
23,091,768
nine
the
original
common
1944
cents
25
Other income
state
the
610:1
p.
$1,200,606
67,775
income
and
The
4,337,463
in
30%
50%
company
QUARTERS
directors.
common
March
.
58,248
402,522
:'
-
Interest
Fed.
166,
1945
$1,868',017
shares,
each
$41,128,206 $30,203,907
Wilson-Jones
Weyerhaeuser
$1,142,358
324.501
$2,201,896
profit
FOR
of
Amounts
and
the
leaving
common
in
552,159
and
basis
a
cash
whereby
preferred
taxes.
19,516,483
will
be
on
Jan.
of
holders
to
31,227.035
43.816
Total
eral
5,914,904
of
each.
$32,369,393
32,136,280
47,274,038
on
50%
i—l_
to
1346
382,914
to
the
on
during
least three directors
at
shares
per
"After
Co., Inc.—Special Dividend of $1—
the
on
dividend
Dec. 2, '44
$33,131,116
Nov.
of
—
common
"Earnings
(& Subs.) —Earnings
57,191,616
expenses-
income
No.
Co.
5%
or
paid will be recommends*!
committee
of
_________
profit
9,658,503
would
to
company
Taxes,
Operating
Other
Veneer
(Including domestic and foreign subsidiaries)
$59,393,512 $49,792,908
-
and
made
those
Irom
sales
27,519,524
1948,
meeting
293.
$2,604,418
sales
by
above.—V.
501,449
terms
proposals
Wilson &
7%
Can
the
by
Fiscal Years Ended—
Quarter Ended—-
Co.
877,192
common
Such
Net
iCosts
Lumber
$2,716,735
proposes
board
program
a
Wesson Oil & Snowdrift Co., Inc.
Net
Washington
acquired
was
Whitman Co., Inc.
i suance' upon
preferred.
purchases include B.
&
O.
Southwest ZV2-5s
1950, Cities
Service 5s 1958, New York Central 4s 1998, St. Louis, San Francisco
4s 1997 and 4(is 2022, and American Airlines 3s 1966.
Principal increases In common stocks during the last six months
were in the automobile, aviation, glass
and. motion picture industries,
while
retiuct ions
were
made
in
the chemical,
farm equipment, oil,
railroad, steel and utility industries.
Wellington shareholders now number over 24,000 individuals, trustees
various
Co.
stock
common
to be
company
up
including $10,000.
a
9 Mos. End.
company
additional
Bond
and
the
outstanding common stock on a
10-lor-l basis, thereby increasing the 97,315 shares of no par value
now
outstanding to 973,150 shares.
It also proposes to authorise an
type
$4.25
railway--;.
railway—____,
income-
oper.
from
The
provide
this
Hardwood
mined
bonds
corporate
now
of
in
1947
(William)
the selection of individual
balanced
the
to
made
Total income
company will show- that
during 1947 to reach
reflection company believes
investors in
bo
basis
provisions
on
stock
tNet
Lumber Co.,
Veneer
of
1°47
•
railway
railway-—
Net ry. oper. income-^—V. 166, p. 2605.
the best; yieid in several years.
Recent
include Appalachian Electric Power $4,50
preferred, Southern California Edison $4.88 preferred, Florida Power
and Light 4V2%
preferred, New York State Electric and Gas 3aA'/o
preferred, Northern Slates Power $3.60 preferred, General American
investments
••
from
Gross
and common stocks, the company states,
responsibilities of individual se.ection and
engaged
now
interest
$139,801,477.
is "'greater.
amounts
incentive
an
be
RESULTS
From Jan. 1—"
:
in
reserves
its
share
per
and
1823.
p.
2055.
from
ry.
1945
relieves these investors of the
timing.
sold
Georgia
from
Net
$12,000,000
over
Of'the uncertainties confronting
Wellington
166,
shareholders,
by
high, of $48,908,802; atDee. 31,
securities.
has
Washington
also
Gross
Fund, Inc.—Assets Increased—
it* 19th annual report to
new
Y.—V.
Hardwood
•
163, p.
Net
In
N.
November—
from participation
With parent in consolidated Federal income tax returns.—V. 166, p. 2466.
total
will
to and
up
of
$2,942,619
to
contributions
paid
the
Corp.—Acquisition—
Wheeling & Lake Erie Ry.—Earnings—
540;015
"i"''
*'
President
Mellen, President, on Jan. 20 announced the purchase of
machinery and other assets of C. J. Tagliahue Mfg.
Brooklyn,
Net
a
be
Instrument
of approxi¬
cost—9,114 share*
total,
participate.v
stock
on
Se-
$3,482,634
period__
•
—
Wellington
Electrical
1940.
1,114,360
.
*
Balance
"9,074,986
$4,597,000
75,241
deducts.—
income
,
in
V.
'
Gross Mnc<Jme..__
&
910
'
757
•
;
$1
whichever
committee will
Payments
"126,612
according to an announcement
Jan.
17 by J. P. Weyerhaeuser, Jr., President.
The transfer
of
stock
affects two
operating plants at Olympia, Wash., and one
plant, an operating subsidiary of the Washington Veneer Co., known
as
the Springfield Plywood Corp., at Springfield, Oregon.
Controlling
1,308,882
1,424,327
7,895,347
the
tive
20,000
166, p. 2666.
company
the
made
v..-v
$255,492
84,166 ;
'
^
revenue
employed,
official's
"9,054,936
•
Net
1,961.389
2,013,564
93,712
res.
and
payments,
capital
Weyerhaeuser Timber Co.—Sells Three Plywood Mills
942,755
-
R.
Inc.,
Tlfs
160,711
fund
132,779
2,498,098
1,780,000
"367,234
extent
at
$886,792;
stockholders at their annual
meeting held on Jan. 20 approved
up an incentive plan tor ofiicers and key executives.
plan sets up an incentive fund amounting to 12% of operating
earnings after provision for preferred stock dividends and
sinking
by
surplus
the
to
stock
(Dr)
proposal to set
inventory,
Co.,
inteiest
:
46,447
9.675,347
treasury
stock,
3400.
p.
contains
$1,057,158 $14,929,510 $12 371,563
461,077
6,435,905
4,507,339
191,017
-•-appropriation
Int.
7,184
337,155
"126,612
stock
common
preferred
on
The
Co.
1947—12 Mos. —1*46
deduction
retirement
Other
"11,685,863
transferred
earned
Weston
Co.—Earnings—
$1,574,415
838.390
——i;.
Net;
9,628,900
current
"Deficit.—V.
Fed.
taxes
&
"470,951
"858,234
taxes
The
to
Net
-
1 1947—Month—1546
Oper.
Prop,
"888,005
Cr491,000
Karl
Washington1 Water
Prop.
income.
dur.ng month
88.
p.
Wyerhaeuser
A
910...
Period End. Nov. 30—
inc.
5,848,394
29,771
on
$39,660,138;
cumulative
165,
foreign
Willys-Overland Motors, Inc.—Incentive Plan Appro'd
"5,837,469
5,548,594
Net inc. accounted for
Washington' Veneer Co.—New Control—
"Special
15.177,494
518.369
(net)__
dividends
of
$22,000,000),
$4.25
accrued
payrolls,
social security taxes,
end
and
Participating orficials
to
Fed.
47,418
512,783
(net)
general
Slates
1,408,303
"375,222
income
accrued
United
payment
of
—V.
'
inc.
ord,
ordinary
Extraordinary
stock has been
common
holders
below.—V,
1,384,945
and Alex. Brown & Sons at $20.25 a
offerlng -to stockholders totaled 85,000 shares, the stack-
The
.
115,283
Boston Carp;
share.
v
122,730
from
income
13,790 shares of
'_____
Net
Washington Gas Light Co.—Stock All Sold—,
by The
to
"7,245,772
a
GOO.OOo
2L3.
p.
13,792,549
ordinary inc.
Gross
$2.98
charges and taxes.—V. 167,
"67,865
revenues-
income—non¬
Delayed
sold
'
/
19*6
$36,412,526
revenue
income
Common
'.'I
"497,952
op?r.
communication
6 Mos. End. Dec. 31—
Net
1947—11 Mos.—1946
J • '• •' 1 >''
.
mately
N°t
Ordinary
Warren
^
15,265,696
15,367,236 189,866,851 166,781,465
15,763,648 ,15,435,101 176,074,302 174,027,237
Opeiating revenues:
'
.
1947—Month—1946
'i
'
.7
for
serve
bonds
"? ■V'i'-
outstanding
payable,
interest,
etc.,
$1,804,458; re¬
income, $11,395,433;
reserve
for replacement of
"last-in, lirst-out" inventories, $8,735,000;
first mortgage
bonds, 3% series due April 1, 1958, $15,591,000; reserves,
lor
future
inventory price decline, $5,000,000; reserves for foreign
exchange fluctuations, $325,600; reserves for contingencies, $3,150,000;
minority stockholders' equity in subsidiaries consolidated, $1,031,014;
$4.25 .'cumulative
preferred stock,
without par value
(outstanding,
245,000 shares), $20,334,552; common stock, without par value (out¬
standing, 2,116,981 shares), $19,874,254; earned surplus (restricted a9
$13,787,420;
and December $1,449,000
bonds due 1950, through
between
57
rent
/i":'';r':\
purchased
(477)
advance
Union Telegraph Co.—Buys Bonds—
company
4V2%
1,447.355
....
_
the
Western
$6,485,421
1,447,355
.____
$8,719 208
Drl23,858
revenues
(neti
amortizat.on
and
3,428,034
.
taxes
Agent and Registrar Appointed—
Bank Farmers Trust Co.^New York, has been appointed
agent, and the Guaranty Trust Co. of New York as registrar
2.J43,105 shares of common stock (without nominal or par
value).—V. 167, p. 293.
3,467,500
CHRONICLE
City
transier
for
FINANCIAL
693,168
adjustments.
acquisition
plant
2,874,333
3,579,493
of
3,111,201
i-a
■
Amortizat'cn
Federal
$44,980,547 $40,268 940
25,425,446
2x,076,697
•_—
Depreciation
The
1946
-
revenues
Opeiatiag
»
&
The
facility
of
has
a
total
$1,283,550.
sale
is
_
contingent
upon
Justice that the disposal does not
The
Sheet
Ozark-Mahoning
&
Tube Co.—V.
Co.
is
165, p.
.
u-s-t
an
opinion by the Departhient;- of
"iotate anti-tru t laws.
!T,.i>
said
3400.
,
16
be
37%
owned by
Youngstown
-
58
THE COMMERCIAL
(478).
State and
CityfDepartment
to
Bond Offering—W. D. Kendrick,
President of County Commission,
will
sell
at
City Plans to Issue Bonds—The
City Council is planning to issue
$130,000 water
auction at 10
3, $199,000 bonds as
public
Feb.
a.m.* on
to 1958 incl.
55,000
court house and jail re¬
funding bonds. Due on April
1, as follows: $6,000 from 1949
to 1953, and $5,000 from1954
to 1958, all incl.
42,000 refunding bonds. Due on
April 1,
as
follows: $4,000
from 1949 to 1957, and $6,000
in 1958.
12,000 court house and jail
funding bonds. Due
re-
April
on
and
follows: $2,000 in 1949
1950, and $1,000 from
1951
to
1,
as
incl.
1958
to
the
name
terest in their bids
rate
in¬
of
said bonds.
on
L.
Terrell,
purchase of $200,000
)ue
1, as follows: $5,000
n 1950; $6,000 from 1951 to 1955;
$7,000 from 1956 to 1960; $8,000
from 1961: to 1964; $9,000 from
1965 to 1968; $10,000 from 1969
:o
1972, and $11,000 in 1973 and
1974.
Bonds maturing after Jan.
I, 1956, will be redeemable prior
o maturity, in inverse numerical
order on any interest paying date
at par and accrued interest. The
will
not
sold
be
less
for
than par on the basis of the in¬
terest rate specified.
The pur¬
chaser may name the paying
is re¬
agent
and the bank to certify the bonds,
interest payable J-J. The County
will furnish the printed bonds and
the opinion of Rose, Dobyns, Meek
& House, of Little jaock, and will
pay the charges of the bank certi¬
Warant Sale—Mr. Kendrick will
fying and the paying agents' fee.
A certified check for $4,000 pay¬
Interest payable A-O.
All bonds
subject to the approval
sold
are
of
Storey, Thorndike, Palmer &
Dodge, of Boston. The County re¬
serves the right to reject any and
all
bids.
A
deposit of 2 %
quired of all bidders.
the
also
sell
000
refunding
at
time
same
warrants
$108,-
as
able to the
fol¬
CALIFORNIA
lows:
Due
March
on
1,
follows:
as
$8,000 from 1949 to 1957, and
$11,000 in 1958.
25,000 refunding Hillman hospi¬
tal
Due
Calexico, Calif.
refunding road warrants.
$83,000
warrents.
home
nurses
Election—At
Bond
]heid
be
to
from 1949 to 1953, and
$2,000 from 1954 to 1958 incl.
to
the rate of interest in their
bids in multiples of 4/4
of 1%. The
County reserves the right to reject
any ahd all bids. The warrants are
sold subject to the approval of
Heed, Hoyt & Washburn, of New
York City. The warrants will not
be sold for less than par. A de¬
posit of 2 % is required of all bid¬
ders.
Tuscaloosa', Ala.
Sale—The $300,000 water
works, series J bonds offered on
Jan. 20—v. 167 p. 90—were pur¬
Morrow &
Co., of
as 23/4s, at
100.18, a basis of 2.73%. Dated
Jan. 1, 1948. Due serially on Jan.
1, from 1949 to 1968 inclusive.
Principal and interest (J-J) pay¬
chased
j
able
Watkins,
Birmingham,
by
at
of
improvement
bonds.
Chaffey Union
the
New York
Trust Co.,
Guaranty
High Sch.
San Bernardino County
San
Bernardino),
Dated Mar. 1, 1948. Interest pay¬
able M-S. Bidders are invited
Bond
issuance
various
$495,000
election
17 the voters
on Feb.
consider
the
will
an
March 1, as follows:
on
$3,000
name
County, is required.
Election
Bond
Calif.
Soon
issuance of
At
an
near
fu¬
—
election to be held in the
ture the voters
Dist.,
(P. O. '
will consider the
$3,000,000 construction
bonds.
Churntown
Elementary Sch. Dist.,
Shasta
County (P. O.
Redding), Calif.
Bond Offering— Ruth A.
Pres-
'eigh, County Clerk, will receive
sealed bids until 2 p.m. on Feb. 2
for the purchase of $11,000 not to
exceed
5% interest school bonds.
Dated Jan. 5,
1948. Denomination
$1,000. Due $1,000
1949
authorized
bonds
held
Jan. 5, from
on
incl.
1959
to
These
at
are
the
election
the
Nov. 25, 1947. No bids for
on
less than par and accrued interest
will be considered. Principal and
interest
(J-J)
payable
at the
County Treasurer's office. A cer¬
tified check for 10% of the bonds
City.
bid for, payable to the Chairman
of Board of Supervisors, is re¬
ARIZONA
quired.
Offering
Bond
El
O. Florence), Ariz.
No. 40 (P.
—
G.
M.
Mann,
Board of Super¬
receive sealed bids
will
visors,
until 2 p.m. on
of
chase
Feb. 3 for the pur¬
3 Vz %
bonds.
Dated
school
interest
nomination
Jan.
1,
bids
terest
to
July 2,"
De¬
$1,000. Due $20,000
on
1949 to 1963 inclu¬
from
must
payable
state
the
All
J-J.
rate
of
in¬
paid and no bid for
be
purchase
of the
will
be
considered.
The
District will furnish the approving
Di-
Rosenfeld,
Gust,
opinion
of
velbess,
Robinette
&
Linton,
of
Phoenix, and all bids shall be un¬
conditional.
A certified check for
of
Bank
at
in
of
the
total
amount
of
bid,
Bond
to be
Angeles,
101.09,
Due
a
on
as
1961
Election—At
held
on
Feb.
an
Dist.,
voters
$140,-
La
Mesa-Spring Valley Sch. Dist.,
San Diego County (P. O.
San Diego), Calif.
Bond Offering—Marie Nasland,
Clerk of Board < of Supervisors,
receive
a.m.
on
Feb.
sealed
16
bids
for the
The
purchase of $324,000 not to exceed
5% interest school bonds as fol¬
Dists.
lows:
$18,500,000
;
167 p. 294-—were purchased by
syndicate composed of the Chase
National
Bank, Guaranty Trust
Due
bonds.
V,
$7,000
a
of
New
Mercantile-Com¬
of St.
York,
&
Trust Co.,
Bank
merce
Feb. 1, from 1949 to
on
1973 incl.
'
Due
on
1
Feb.
Principal and interest
payable
at the County
Louis,
Schoellkopf,
Hutton
&
Pomeroy, of B u f f a 1 o, Merrill
Lynch, Pierce, Fenner & Beane,
Lee Higginson Corp., L. F. Roths¬
child & Co., Laurence M. Marks
& Co., W. H. Morton & Co., Cof¬
fin & Burr, HornBlower & Weeks,
R. S. Dickson & Co., all of New
than
Illinois
Co.,
Chicago,
of
Commerce Union Bank, of Nash¬
ville, Hill, Richards & Co., of Los
Angeles, National City Bank, of
Cleveland, Martin, Burns & Corbett, of Chicago, Hirsch & Co.,
R. D. White & Co., Wm. E. Pollock
& Co., all of New York, Barcus,
Kindred &
Co., Detmer & Co.,
both of Chicago, Pacific
Co. of
California, of Los Angeles, Tripp
& Co., Tilney & Co., Kobbe
&
CoJ' all of New York, and Mc¬
Donald-Moore & Co., of Cleve¬
bonds.
Calif i. *'?•
of
the rate
interest offered and must state
that the bidders offer par
and ac¬
delivery,
crued interest to date of
separately the premium,
and state
if any, offered
which the bid
for the bonds for
is
made.
Bidders
permitted to bid different
of
interest
for
different
will be
rates
maturities.
A
satisfactory
legal
opinion approving the legality of
the bonds will be furnished with¬
out
bonds
for
check
bid
A
purchaser.
charge to the
certified
10%
the
of
payable to the
Supervisors, is required.
for
.
construction bonds.
$26,000
Union School District, ■
San Diego County (P. U.
San Diego), Calif.
"/
.
Sale—The
Bond
Each bidder must specify
of
Dated
^
Rich-Mar
interest.
accrued
and
in the near future thr
will consider the issuance
be held
voters
be sold for cash and for not less
par
Election—At an election :
Bond
to
1948. Denomina¬
1,
tion $1,000.
(F-A)
;
School District, Los Angel*'
County (P. o. Los Angeles),
to
1972, and $5,000 in 1973.
Dated
Interest payable J-D.
Francisco.
as
1949
Feb.
from
$6,000
Treasurer's office. The bonds will
York,
Neff
Rivera
trict bonds.
follows:
Approved as
legality by Ornck, Dahlquist,
Brown & Herrington, of San
to
149,000 Alisal Union School Dis¬
Co., J. P. Morgan & Co. Inc., all of
New York, Lazard Freres & Co.,
Drexel
&
Co., of Philadelphia,
First National Bank, of Portland,
Stone & Webster Securities Corp.,
1947.
Dated Jan. 6,
Union
Castroville
District
School
as
$150,000 swimming pool bonds.
75,000 water system bonds.
25,000 ball park lights bonds.
25,000 airport bonds.
;
$175,000.
15,
23/4S, maturing $15,000 on Dec. 15,
from 1959 to 1969, all inclusive.
Menamin, Clerk of Board of Su¬
pervisors, will receive sealed bids
until 10 a.m. on Feb. 2 for the
school bonds offered on Jan. 20—
ing bonds
$76,000 build¬
offered on Jan. 19—v-:
196—were purchased by the
California Bank of Los Angeles,
and Associates, as 3V2S, at a price
of 100.68, basis of 3.401%. Dated
Feb. 20, 1948.
Due serially on
Feb. 20, from 1949 to 1964 incl.
Principal and interest (F-A) pay¬
able
at the County Treasurers,,
167 p.
office.
next
The
highest bidder
Co., And
for 3V2S,
R. Staats
Redfield & Co., jointly,
William
was
100.603.
at
Roseville School
District, Placet
,
O. Auburn), Calif.
Details—In connec¬
Ontario, Calif.
tion with the sale of the $75,000
Bond Election—At the munic¬
school bonds to Weeden & Co.,
ipal election to be held on April San Francisco, as 3V4S, at 101.169,
land, as <2%s, ias follows;
13 the voters will consider the'is¬
as reported in our Jan. 12 issue—
$8,000,000 Lbs Angeles City High suance of $727,000 sewer bonds.
v.
167 p. 196—we learn that the
School
District
bonds,
at
bonds are dated Nov. 1, 1947, and»
Parlier Union High Sch. Dist.,
101.40, a basis of 2.351%. Due
mature
on
Nov. 1,
as
follows:
Fresno County (P. O. Fresno),
serially on Jan. 1, from 1949
Calif.
$9,000 in 1961; $10,000 from 1962
to 1972 inclusive.
to 1964, and $12,000 from 1965 to
Bond Sale—The $40,000 build¬
8,000,000 Los Angeles City School
1967, all inclusive. Principal and
District
bonds, at 101.45, a ing bonds offered on Jan. 20—v.
interest
(M-N)
payable at the
167
basis of 2.346%.
Due serially
p.
195—were purchased by
County
Treasurer's office. Ap¬
Weeden & Co., of San Francisco,
on Jan. 1, from 1949 to 1972
proved as to legality by Orrick,
as
inclusive.
3y4s, at a price of 102.567, a
Dahlquist, Neff, Brown & Her- *
basis of 2.951%.
Dated March 1,
2,500,000 Los Angeles Junior Col¬
rington, of San Francisco.
1948.
Due serially on March 1,
lege District bonds, at 101.654,
from 1949 to 1968 inclusive. Prin¬
a basis of 2.346%. Due serially
San Carlo* Elementary Sch. Dist.,
San Mateo County (P.O.
on Jan.
1, from 1950 to 1972 cipal and interest (M-S) payable
at the County Treasurer's office.
Redwood City), Calif.
inclusive.
The next highest bidder was the
Bond Offering—W. H. Augus¬
Dated Jan. 1, 1947. Interest pay¬
California Bank, Los Angeles, and
tus, County Clerk, will receive
able J-J. The next highest bidder
Associates, for 3V4S, at 100.815.
sealed bids until 11 a.m. on Feb.
was Halsey,
Stuart & Co., Harri3 for the purchase of $175,000 not
Paso Robles War Memorial
man Ripley
& Co., Inc., Lehman
to
exceed
5%
interest school,
Hospital District (Paso
Bros., Blair & Co., Inc., Phelps,
bonds.
Dated Feb. 1, 1948. DeRobles), Calif.
Fenn & Co., Weeden & Co., Kid¬
nomination $1,000. Due on Feb. 1,
Bond Offering—*H. E. Ne<?ley.
der, Peabody & Co., American
as
follows: $5,000 in
1949, and
Trust Co., San Francisco; Gold¬
Secretary of Board of Directors,
$10,000 from 1950 to 1966 inclusive.
Securi¬ will receive sealed bids until 7:30
man
Sachs
&
Board of
Co., Union
New York; Shields &
Co., F. S. Moseley & Co., Braun,
Bosworth & Co., Inc., Estabrook &
ties Corp.,
p.m. on Jan. 26 for the purchase
of $200,000 not to exceed 4% in¬
hospital construction bonds.
Dated July 1, 1947. Denomination
terest
County (P.
Bond Sale
Bidders
make
may
one
or
more
alternative bids or offers for
said
Split rate
interest bids will be received and
it shall not be necessary that all!
bonds offered for sale bear the
same rate of interest, but such in¬
terest shall be in multiples of Va
bonds at different rates.
Hutzler,
Van $1,000. Due $10,000 on July 1,
Ingen & Co., Alex. Brown & Sons, from 1948 to 1967 inclusive. Rate
Hemphill, Noyes & Co., Hallgar- of interest to be in multiples of
ten & Co., Fidelity Union Trust
y4 of 1%. Principal and interest
of
1%.
Principal
and
interest
payable
at
the County
Co., Newark; Otis & Co., William (J-J)
(F-A)
payable at the County
R. Staats Co., Graham Parsons & Treasurer's office, San Luis Obis¬
Treasurer's office. These are the:
Co., E. H. Rollins & Sons, A. C. po. "Each bid shall state that the bonds authorized at the election
Allyn & Co., First of Michigan bidder offers par and accrued in¬
held,on Dec* 2.t Bids must be~ for;
Corp., Geo. B. Gibbons & Co. Inc., terest to date Of delivery; the pre¬ hot less than;
par.l ;A,:r^;ertified.
Eldredge & Co., Adams, McEntee mium,, if any. Only one interest
check for $1,000 payable to the
&
Co., Hayden, Miller & jCo.; rate may be bid. No bid for h part
Stern Bros. & Co., Moncure Biddle of the bonds will be considered. Chairman of Board of 'Supervisors;;
& Co., McDonald & Co., A. Web¬
The bonds will be sold for cash is
required.
/.-V?
.
i
ster Dougherty & Co., Kaiser & only and for not less than par and
San Francisco (CityahdCounty),.
Co., Thomas & Co., Piper, Jaffray accrued interest to date of deliv¬
Calif.
.•
& Hopwood, Redfield & Co., Har¬ ery. The opinion of O'Melveny &
Bond Offering
John R. Mcold E. Wood & Co.," Dempsey & Myers, of Los Angeles, approving
Co., and William R. Compton Co., the validity of the bonds, will be Grath, Clerk of Board of Super-;
jointly, for $8,000,000 2^8,. at furnished the purchaser. A cer¬ visors, will' receive sealed bids
101.167; $8,000,000 2V2s, at 101.202; tified check for 3% of the princi¬
until 10 a.m. on Feb.%2 for the$2,500,000 as 2V2s, at 101.367.
,
: pal amount of the bonds bid for,
purchase of $27,000,000 not to. ex-,
payable to the District, is reMartinez School District, Contra&
ceed 6% interest bonds,- divided:
quired." "'' ' *
.'' *
Salomon
Bros.
&
.
.
•
.>
.
.
■
Costa County (P. 0.>
to
be
will
v
Martinez), Calif.
•
Bond
until* 11
purchase
$208,000 not to exceed 5% in¬
construction
—
2V4S, maturing $10,000 on Dec.
from 1948 to 1958; and $165,003
.
election
10 the
300 construction bonds.
terest
-
of
will consider the issuance of
is required.
•
Los
Esparto Union High Sch.
Yolo County (P. O.
Woodland), Calif.
of
'
of
2.387%.
enseller & Durst.
payable to the County Treasurer,
•
to the
1962.
will
5%
21—v.
awarded
price
a
about
$85,000
Jan.
follows: $10,000 from
inclusive, and $15,Second high bid of
100.62 for 21As was made by Wagto
1955
bonds ati'a
price of less than par and accrued
interest
2 M*S,
as
basis
1948.
1,
California
exceed
000
Interest
sive.
the
Jan.
294—was
p.
coupon
not to
$300,000
167,
offered
bonds
Sales
Bond
Angeles, at a
of Los
Co.,
&
ton
Salinas), Calif.
Bond Offering—Emmet G. Mc-
an
Calif.
*
price of 100.016, a net interest cost
of 2.653%, as follows: $11(1000 as
voters
Eastman, Dillon & Co., B. J.
Segundo, Calif.
Bond Sale—The issue of
sewer
of County
Clerk
At
(P. O. Los Angeles),
Co.,
County High School District
Pinal
—
Angeles County Sch.
Los
not to exceed
Jan.
on
Election
400,000 water bonds.
interest County hospital cou¬
pon: bonds.
Dated Jan. 1, 1948.
pending to submit to
an
issue of $115,000
Blyth & Co-,, both of
and R. H. Moui-
Francisco,
San
An
—
Monterey County Sch. Dists. (P. O.
election
to be held on May 11 the Voters
will consider the issuance of $6,-
;%
is
Pending
fire department bonds.
Dec. 16.
Bond
bounty Clerk, will receive sealed
bids until 2 p.m. on Feb. 5 for the
bonds
Dated April 1, 1948. Bidders are
invited
Offering—E.
on
election
the
Long Beach, Calif.
County (P. O.
Mena), Ark.
Bond
$90,000 refunding road bonds. Due
$9,000 on April 1, from 1949
payable M-S. These are the
authorized at the election
bonds
bonds.
revenue
Polk
follows:
,
terest
Conway, Ark.
County (P. O.
Birmingham), Ala.
1949
Election
Bond
1969
from
Bruce & Co.,
Merced, Calif*
Due on March 15,
inclusive. In¬
March 15, 1948.
ARKANSAS
Jefferson
26, 1948
Monday, January
CHRONICLE
PROPOSALS AND NEGOTIATIONS
BOND
ALABAMA
FINANCIAL
&
Election—At
held
on
consider
an
Feb. 3
the
the voters
issuance
$875,000 construction bonds.
of
>
Bond
bonds
p.
'
Sale
offered
2707
as
Redding, Calif.
Vy-
election
—
cvnHinotb
—
on
were
following
Jan. 5—v. 166,
The
follows:
bonds.
lows:
purchased by a
^pAinnnQpfl
of
HfillGr.
airport, 1945 series D
$2,000,000
;
1953
V
Due on Feb. 1, as
fol-
$400,000. frorti 1949 to.
inclusivey},These .are the
*
•
;G
Ho
hi:
.
•
tion held
^8,000,000
iV-
Nov. 6,
on
Sch. Dist., San Bernardino
County (P. O. San Bernardino),
Due
1945.
1944
sewer,
bonds.
series
Calif.
B
Bond
Feb.
on
1, as fol¬
$534,000 from 1949 to
1953, and $533,000 from 1954
to 1963, both inclusive. These
to
lows:
i>
>
"
!
the bonds authorized
are
.;
the election
3,000,000
1947
V
series
A
bonds.
1,
from
1949
to
are
the
These
ized
<
•
the
at
on
Jan.
the
bonds
Bond
on
Offering—R.
Nov.
to
exceed
3%
4, 1947.:.
■
■
•:
.
proving
6,500,000 municipal railway
habilitation,
1947
series
been sold.
Board
of
and
Due
bonds.
Feb.
on
1,
A
lows:
$434,000 from 1949 to
1953, and $433,000 from 1954
to 1963, all inclusive.
These
the
are
*-
bonds
the election
-
series A bonds.
Feb.
1,
from
i
1949
to
are
the
These
sealed
im¬
tion
or
$375,000-
bonds
author-
Nov. 4,
on
1948. - Denomina¬
Bidders must specify
$1,000.
the rate
on
inclusive.
1968
rates of interest which
and
in-multiples
to split rates of inters;
City Treasurer's office,
the fiscal agency of the City
County,
York
New
in
City.
The legal opinion of Orrick, Dahl-?
;quistr Neff, Brown & Herrington,
approving
the
validity
of the
'bonds will be
furnished
without
chaser
k
the pur¬
charge.
unconditional
be
Soon
Election
—
and
bonds.
At
,an
•election to be held in the near fu¬
the
ture
voters
consider
will
of $65,000
issuance
the
bonds.
sewer
San Jacinto School Dislricl,
Riverside County
(P. O.
Riverside), Ca'if.
,
-
,
Bond
Sale—The
.
Aiken,
multiples
$250,000 conJari; 19
$8,000 in
.
$208,000as3 %s„ maturing on March
; 1, $12,000 from 1949 to 1963; $14,000
;in 1964 and 1965, and $42,000 as
3s,k maturing $14,000 from' 1966 to
1968, all .inclusive, "Dated March
maturing
after
iri
v*J
Bond Sale—The
*.
;;
s
t
.^
$165,000 public
•improvement bonds offered on
1 Jan. 21 were purchased by
Halsey,
Stuart & Co., at 100.046, a
terest cost of 2.184%,
$50,000
.
.Jan.
as
as
net; in*,
follows:
l%s, maturing $5,000
15, from 1949 to
on
1958, and
$115,000 as 2V4S, maturing $5,000
"in 1959, and $10,000 from 1960 to
1970, air inclusive. Dated Jan. 15
1948.
Principal and interest (J'
J) payable at the City Treasurer's
office. The legal opinion of Orrick,
'.
Dahlquist, Neff,
I ringtdn, of San
Brown
& Her-
Francisco, will be
furnished the purchaser.
•
The next highest bidder was the
>
j American Trust Co., of San Fran1
cisco; at i00.18,
of 2.185%', for
a
net interest cost
$65,000
Bond
tion
1951
1,
Feb. 28,
to
from
any
interest payment date
thereafter, in inverse' '"numerical
order if less than all,, at par and
accrued interest plus a premium
will be awarded to the
responsible bidder on the . basis of
the lowest interest cost to the Uni¬
The bonds
-
of
2s, and
Seneca
;
School
'
v
at the 'Marine Midland
Trust Co., New York Gity;
The
approving opinion: of Caldwell,
(M-S)
Marshall, Trimble- & Mitchell, of
New York City, Will be iurnished
District,
"
Jan.
on
clusive.
call
15, from 1952 to 1970
maturity at 102 on
prior to
Interest. payable—
15,
The bonds are being
Plumas
and
the
in¬
The bonds are subject to
1958.
will be ready for
printed
delivery to
purchaser on or-before Feb. 5,
1948.
The
City will furnish the
printed bonds and the approving
of
opinion
the purchase of
until
Feb.
2
for
$130,000 construc-
V tion bonds authorized at an elec¬
tion held
on
Dec. 4.
to
University.
^
be received by the Clerk of Board
Supervisors,
be
purchaser. A certified check approving, opinion of Chapman &
for $3,000 payable - to the City, is Cutler, of Chicago, said opinion
to be paid for by the University;
required.
the printed bonds to be supplied
GEORGIA
by the University and all bids
must be so conditioned. A certi¬
Valdosta, Ga.
fied check for $5,000 payable to
Bond Offering—A. S. Myddlethe University, is required.
ton, City Clerk Treasurer, will re¬
ceive sealed bids until 10 a.m. on
INDIANA
Jan. 27 for the purchase of $500,Gibson County (P. O.
000 2% school.bonds. Dated Dec.
Princeton), Ind.
.1, 1947. Denomination $1,000. Due
Bond Offering — M. L. Bottom,
J-J.
County (P. O. Quincy), Calif.
sale
the
with
of
Troutman of
Spalding,
Kelley, of Atlanta. A
certified check for 2%
is
required.
Sibley,
County
receive
will
' Auditor,
sealed bids until 10 a.m. on Feb. 2
for the
exceed
bonds.
Dated
Feb.
1,
1948.
power
sold
Jan.
July 1, 1949, and Jan. and July 1,
from
1950 to 1958 inclusive.
of interest
to
be
in
Rate
rate shall be named by
der.
Interest payable
each bid¬
J-J.
No bid
of the bid,: for less than par and accrued in¬
terest
will
be
considered.
The
Issue
plant
20
the
to
La Crosse School District, Kan.
Voted
Bonds
—
At
an
election
approved
issuance of $40,800 construction
held recently the voters
the
bonds.
Ulyssei, Kan.
of the $15,000
Election—At
Bond
to be
held
on
election
an
the voters
27
Jan.
will consider the issuance of $22,-
500 water system
extension bonds.
KENTUCKY
School
Ashland
"
~
Ky.
District,
Details—In
connec¬
tion with the sale of the
$184,500
Sale
Bond
as
>
Van Buren
Township Sch^ Tuip'U
purchase of $8,500 not
exceed 4% %
interest school
the
for
5
to
Dated Dec.
bonds.
building
Denomination
1947.
$500.
1,
Due
$500 July 1, 1949; $1,000 Jan. and
Feb.
on
Caldwell County (P. O.
Princeton), < Ky.
Offering—Philip Stevens,
County Court Clerk, will receive
Bond
sealed bids until 1 p.m. on
Jan. 1,
Rate of interest to be in multiples
Bonds
and
1,000 Jan.
of
y4
same
1%,
of
must
and
for all of the bonds.
for less than the par
McCord, Ice & Miller, of
Indianapolis, will be furnished
the' purchaser.
No
conditional
bids will be received. A certified
of Ross,
check
$250 payable to the
Township, is required.
for
School
IOWA
maturity in whole or in part in
inverse
election
held on Jan. 5 the voters approved
the issuance of $20,000 gymnasium
and
auditorium
construction
Voted-—At
Bonds
bonds.
an
•
,
Kellogg, Iowa
Bond
to
be
Election—At
held
on
an
5
Feb.
will consider the issuance
000
water
system
election
the voters
of $32,-
improvement
numerical
any
on
Jan.
1,
and
accrued
rate, plus
of 3% of
thereof
or
on
the
if
a
interest
at* coupon
redemption premium
the principal amount
called
for
redemption
prior to Jan. 1, 1958; 2,% of
principal amount thereof if
for redemption thereafter
on or
prior to Jan. 1, 1963;
of
the
principal
amount
called
thereof
if
thereafter.
called
for
redemption
Principal and interest
payable at the Louisville
Co.,
Louisville.
Bidders
may specify the interest rate or
rates for these bonds, but no bid
of less than 102% plus accrued in¬
terest will be favorably consid¬
ered. The County will furnish the
(J-J)
Trust
approving opinion of Chapman &
Cutler, of Chicago, and bids may
be conditioned
only to that extent.
for $2,000 is re¬
A certified check
bonds.
Madison County (P.
Iowa
O. Winterset),
quired.
Garrard County
special elec¬
recently $100,000 county
Lancaster),
Bonds Voted—At a
tion held
order
date on or after
1953, upon terms of par
interest payment
1%
Sch. Dist.', Iowa
from 1952 to 1971 inclusive.
maturing from
1954 to
1971, shall be/mptional for re-»
demption by the County prior to
and
Baldwin Indep.
,
Feb. 3
purchase of $100,000 not
to exceed 3^% interest hospital ;
bbnds.
Dated Jan. 1, 1948. De¬
nomination $1,000. Due $5,000 on
the
for
from 1950 to 1953,
and July 1, 1954.
July 1,
$500
1, from 1949 to 1956, all
Interest payable F-A„,
inclusive.
(P. O. Van Buren), Ind.
Bond Offering—Virgil Kariger,
[y
Township Trustee, will receivesealed bids until 2 p.m. on Feb.
multiples of
1/4 of 1%, and not more than one
on
improvement
bonds
to W.
C.
Thornburgh Co., of Cincinnati, as
reported in our Jan. 12 issue—
3s, at 100.658, a basis of 2.876%, v. 167, p. 196—we learn that the
as reported in our Jan.
19 issue; bonds were sold at 102.00, a net
—v. 167 p. 295—we learn that the
interest cost of 2.476%, as follows:
bonds were purchased by the City $40,000 as 23/4s, maturing $8,000 on
Securities Corp., of Indianapolis. Jan. 1, from 1949 to 1953, and
Interest payable J-J. *
$144,500 as 2V2S, maturing Jan. 1,
$9,000 from 1954 to 1958; $10,000
Tipton County (P.O. Tipton), Ind
from 1959 to 1967, and $9,500 in
Bond Sale—The $200,000 Couniy
1968.
hospital, bopdg offered, on Jan.^15
—v. 167, p. 91—were purchased by
\ Breckinridge County (P. O.
Fox, Reusch & Co., of Cincinnati,
Hardinsburg), Ky.
as l%s, at a price of 100.62, a basis
Bond Sale—The $36,000 school
of 1.685%.
Dated Feb. 1, 1948. refunding bonds offered on Jan.
Due serially on Jan. and July 1, 19—v. 167, p. 295—were purchased
from 1949 to 1967, all inclusive. by the Bankers Bond Co., and
Interest payable J-J.
The next Stein Bros. & Boyce, both of
highest bidder was the Union Louisville, jointly, as 33/4s, at a
Trusts Co., Indianapolis,. for 2s, at price of 103.00, a basis of 3.134%.
101.33.
*
Dated Feb. 1, 1948.
Due serially
De¬
Due $5,000 on
hospital
$100,000
of $85,000
bonds was
LathropHawk-Herrick Co., of Wichita.
electric
connec¬
electric utility revenue bonds
purchase of $95,000 not to
4% interest County jail
nomination $1,000.
of
Greensburg, Kan.
the Board of
required.
Details—In
Sale
election
an
the voters approved
Bond Sale—Ah«
be the
No bid
value of the
the approval of the
•
bonds including accrued interest
Names for such approval may be
submitted in advance of bid. The to date of delivery at the rate
named in the bid will be con¬
bonds will be delivered with the
sidered.
The approving opinion
pany iri .Chicago which may
selected by the bidder subject
the
Jan.
:V Bond Offering—Sealed bids will
.
and will be payable
interest
and
'
as
$100,000 at 2y4s.
to
is
At
—
bonds.
Rensselaeri Ind.
Dated March 1, 1948. • De*
March
issuance
the
of
opinion
approving
Commissioners,
,
;
not
rate shall be named
payable
bonds,
nomination $1,000.
and 1977, all in¬
1976
Voted
held recently
Ross, McCord, Ice & Miller, of
Indianapolis, will be furnished
the purchaser.
A certified check
for 3% of the face value of the
versity. Bidders may specify in¬
terest rate, or rates, in multiples
3M>% if redeemed in 1952;
of % fo 1%, but all bonds of the
1,
1948-v principal and interest which premium Shall be reduced
same maturity shall bear the same
*/4% each year thereafter until
interest rate. No bid at less thart
•Treasurer's office. The next high1966, when the bonds -will be re4
w i t h 0 a t
-premium. par will be considered. Both prin¬
est
bidder was the
California: deemable
•Bank; Los*Angeles, for 31/4Sj at- Bonds will be registerable as to cipal and interest (M-S) will be
•100.77.
principal only as to both principal payable at a bank or tfust comi
SanMatedjCailf.
The
ered.
Kan.
Fredonia,
Bonds
by each bidder. No bids for less
and accrued interest to
of delivery will be consid¬
printed bonds and the approv¬
bonds;
or
'
and
disposal plant
sewage
bonds.
date
1954, at 102, callable in whole, or
part, in reverse, order of ma¬
1953 to 1977 inclusive, shall be
subject to redemption at the op¬ turities, on March 1, 1954, and
thereafter prior maturity at 101.
tion of the City oh Sept. L 1952y
.
i-
15,000
in
.
t
of, 1%,
V4
one
•••"<■■
"'-v
bonds.
me¬
than par
ing opinion of Chapman & Cutler,
Chicago. A certified check for
April 6 the voters
Bonds
clusive.
p.
.
of
than
more
of
Bond Electioii-f— At an. election
294—were purchased
by Weeden & Co., of Los Angeles,
.at a price of 100.018, a net. interes! cost of 3.175%, as follows:
167
„—v.
sive.
received
bids
All
$825,000 electric light plant bonds.
290,000 h 0 s pi t a 1 construction
and $5,000 Jan. and $4,000
from 1949 to 1968 inclu¬
Rate of interest to be in
1948,
—
v/;"/7
jected:
July 1,
:
\
.
struction bonds offered on
•
C.
Hud¬
Denomina¬
Due $4,000 on July 1,
tion $1,000.
Due $20,000 on
Sept. 1, 1948; $20,000 March and
500,000 street improvement bonds;- Sept. 1,- 1949; $21,000 March and
$3,000 000 sewer bonds, and $3,- Sept. 1, 1950; $21,000 March and
000,0C0 drainage bonds.
•
$22,000
Sept.
1,
1951;
$22,000
March and Septal, 1952; $22,000
Winter Garden, Fla.
Bond Offering—E. M. Tanner, March and $13,000 Sept. 1, 1953;
City Clerk, will receive sealed $13,000 March and Sept. 1, from
bids-until noon on Jan. 30 for. the 1954 to 1956, and $14,000 March,
ourqhase of $150,000 3%% utilities ahd Sept. 1, from 1957 ta March
revenue
coupon
bonds.
Dated 1, 1960. The bonds will be callable
on 30 days' notice on any interest
Sept. I, 1947. Denomination $1,000.
Due on Sept. 1, as follows; date at the following dates and
$3,000 from 1949 to 1952; $4,000 prices:
Non-callable to Feb. 28, 1951,
"rom
1953 to 1960; $5,000 from
1961 to 1965; $6,000 from 1968 to callable in whole or in part in re¬
(970: $7 000 from 1971 to 1975, and verse order of maturities on and
Jacinto, Calif.
San
Bond
1955;
in 1957;
will consider the issuance of $4,-
•respective issues. All bids must be
•made on blank proposal to be furby the above Clerk.
All
for not less than all of the
Fla.
■
interest
3%
exceed
Sale
Bond
morial hospital bonds.
1953;
in
<
Coffeyville, Kan.
Offering—Casper
to
not
;
for the $1,130,000 bonds offered on
Jan. 15—v. 167, p. 196—were re¬
County Auditor, will receive
bids until 2 p.m. on Feb.
for the purchase of $180,000
3
on
295—were not
p.
KANSAS
sealed
announces
to be: held on
Separate
-nished
must
in
the
■'
Bond
1, 1948. Denomination $1,000.
on Jan. 1, as follows: $11,000
Due
sold.
3%
payable to the
Commissioners, is re¬
swimming pool bonds to the State
Bank of Rensselaer, as reported
Urbana), III.
in our Dec. 8 issue—v. 166, p. 2359
May f. Holders' may tender sa id
'Bond Offering — Lloyd Morey* —we learn that the bonds were
bonds at the West Palm Beacfr
Comptroller,. announces that the sold as l%s, at a price of 100.066,
Atlantic
National
Bank,
West
Palm Beach; any time prior to 30 Board of Trustees will receive a basis of 1.482 %V; • Dated DeeM;
days before May 1, 1948, at such sealed bids at the La Salle Hotel, 1947. Interest payable J-J;
La
Salle
and
Madison Streets,
price below par and -accrued inSouth Whitley, Ind.
terest as they may deem/proper> Chicago, until 11 a.m. (CST) on
Bond Sale Details—In connec¬
Feb. 10 for the purchase of $400,tion with the sale of the $105,000
r
Jacksonville, Fla.
■
f
000 men's residence halls revenue
•bids must be made for each of said
•bids
2%%
Jan.
of
for
$10,000
offered
bonds
167
19—v.
•..>*
Sold—The
Not
works
for,
son,
that 12
$5,000 payable to the Treasurer of
refunding,- series A bonds of May the AhthPi
ity, is required.
1, 1934; of the bar value of $500
University of Illinois (P. O*
each, -are Called for payment om
irres'pective
of
maturity/
.Principal and interest <F-A) pay¬
(or at
1948. De¬
1,
Due $4,500 on
Call —Fred
Town- Clerk,
est,
able at the
March
BocaRatoh,
..
Bond
of y4 of l%.yBidders shall be per¬
mitted to bid different rates-of in¬
and
.
-
,
;the. bonds should bear
terest
000
Jan.
Indiana
noon
Bonds
considered.
be
check
,
water
Perry County (P, O. Cannelton),
(CST) on
the purchase of $335,airport bonds. Dated
bids until
Jan. 30 for
the
DateH Feb. I
«
Due.
follows:
as
ized at the election
v
-
at
1947.
Hetch- Hetchy- water,
7,500.000
1947
authorized
Nov. 4,-
on
Dated
nomination $1,000.
fol¬
as
Board of
receive
strong,
Secretary of
Commissioners
will '
1948
series
will
quired.
$12,000 in 1954; $13,000
$14,000 in 1956; $15,000
$16,000 in 1958, $17,000 in
March 1, from 1949 to 1958 inclu-i
1959; $18,000 in 1960; $19,000 in
sive. These are the bonds author¬
1961; $20,000 in 1962; $21,000 in
ized
at the general election on
1963; $22,000 in 1964; $23,000 in
Nov 4. Interest payable M-S. The
1965; $24,000 in 1966, and $45,000
bonds will be sold at not less than
in 1967 and 1968.
Principal and
par and accrued interest. Bonds
interest
(J-J)
payable at the
will be furnished. Bids must be
Northern Trust Co., Chicago. No
filed With the City Manager before
bids for less than par and accrued
4 p.m. on above said date. A cer¬
interest.
The purchaser will be
tified check for $500 payable to
required to take up and pay for
the City, is* required.: 1
the bonds on or about Feb. 6,
1948. The Authority will furnish
FLORIDA
bonds.
re¬
certified
A
bid
Baum-
E.
.interest
equipment,
bids
ditional
bonds
berger, City Manager, will receive
sealed bids until 7.30 p.m. on Feb.
3 for the purchase of $45,000 not
authoron
of
Stockton, Iowa
approving opinion of Ross, McCord, Ice & Miller, of Indian¬
apolis, will be furnished. No con¬
Springfield Airport Authority, III.
Bond
Offering—H.
Y.
Arm¬
issuance
'
•
Sold —The
Bonds
Boulder, Colo.
inclusive.
election
the voters
27
$16,000 fire
truck
bonds
authorized at the
election held on
Nov. 18 have
COLORADO
$300,000
1958
election
an
Kewanee, III.
$300,000 construction bonds.
at
Due
follows:
as
held
consider
7, 1944.
improvement
street
Feb.
be
will,
,■
Election—At
Nov.
on
ILLINOIS
Trona
bonds authorized at the elec<
59
(479)
FINANCIAL CHRONICLE
&
»■'-
•V
"/
-
COMMERCIAL
THE
167. Number 4667
Volume
hospital bonds were approved
the voters.
by
Bond
Sale
tion with
(P. O.
;
*.
KyA
Details—In
the sale of the
connec¬
$100,000,4
hospital bonds to Russell & Long,
€0
THE COMMERCIAL
(480)
of
Inc.,
Cincinnati,
of
ated with the
follows:
as
$44,000 as 2V2s, maturing on July
1, as follows: $5,000 in 1949; $6,$7,000 from
;1953 to 1955, and $56,000 as 2J/4S,
maturing $7,000 from 1956 to 1959;
$8,000 from 1960 to 1962, and $4,000 from 1950 to 1952;
€00
to
Agreement Reached With Indi¬
Reciprocal
on
The
—
Income
Tax
Kentucky Depart¬
ment of Revenue, and the Indiana
Gross
Income
made
agreement
tax
Tax
joint
on
policy.
Division
have
announcement
Under the plan,
who live in either State and
sons
earned salaries
in the other State
during 1947 and hereafter, will be
entitled
to
portion
claim
refund
a
of
a
all of the taxes with¬
or
held by their employers. The laws
•of both States require employers
to withold income taxes from the
pay
of non-residents.
;
The agreement followed several
conferences
between
tax
officials
of both States which started after
the passage of Indiana's
cal Income Tax Law. The
Recipro¬
became
7.
effective
March
dents of States which grant simi¬
Income
Tax
Law
provides a flat exemption of
$1,000 on gross-personal income.
It levies
income
flat 1%
a
tax rate
on
all
above
the exemption.
If
income exceeds $1,250 every three
months, taxes must be paid quar¬
terly. Otherwise, taxes must be
paid annually not later than Jan.
31, following the taxable year.
Kentucky law requires all sin¬
gle persons with net incomes of
than $1,000, or gross incomes
$1,500, and married persons
more
over
with net incomes in
€00,
or gross
allowed
ried
credit
Single
are
$2,-
$3,000,
over
persons are
tax credit of
a
persons
of
excess
incomes
to file returns.
$20.
Mar¬
allowed
$50, plus $10 for
dependent. Taxes must be
each
paid
by April 15.
County (P.
Carlisle), Ky.
O.
sealed bids until
10
a.m.
with
from 1958 to 1960; $9,000 from 1961
to 1964, and $10,000 from 1965 to
Bonds maturing from
to 1968 inclusive
Weil
leans.
are
to be
1952
(P. O.
Rust on), La.(y{:"
.Bond
on
prior
15, 1961; and at par there¬
maturity. Principal and
to
payable
at
the
Citizen's
Fidelity Bank & Trust Co., Louis¬
ville. These
ized
at
Offering
ceive sealed
Feb.
are
the
Nov 4.'; The
the bonds author¬
general
election
on
County will furnish
not
to
for
said
bonds,
but
no
bid
ered.
$2,000
;
LOUISIANA
•
'
;
'
/
.•
.
../■
'
Baton
(P. O.
Rouge), La.
$5,560,000
exceed
15
-•A
—
v.
166, p.
2709
—
$1,000.
were
pur¬
,
,
—
J.
Denomina¬
Denomination
Boston.
bonds. Dated Feb.
1, 1948. Due on
$15,000 from
to
1956, and $10,000 from
1957 to 1963, both incl. Principal
and intereest payable semi-annu¬
Feb.
The notes will be
to
authenticated
1,
follows:
as
1949
ally at the Second National Bank
of Boston. Bidders shall
name one
rate of interest for all of the bonds
$25,000.
in
as
multiple of
a
bonds
genuineness and validity by the
1988
rate.
may
Feb. 1,
will
be
V\
of
valid
The
general
1%.
and
a.m.
National
The
name more
Principal
payable
at
(F-A)
on
inclusive.
than
and interest
the
Prince
Georges Bank & Trust Co., Hy¬
attsville, or at the Equitable Trust
Co., Baltimore, or at the Chemi¬
Mass.
Construction
First
tract
Work
to
the
Awarded—The first contract
on the $27,000,000 Mystic River toll bridge,
gigantic traffic relief project to
be completed in 1950, has been
construction
of
the
bridge
Quincy
with
the
Fore
River,
and other work
highway depart¬
state
The piers to be built
Brockton, Mass.
support
tually
$1,000,000 tem¬
from
Bond
Offering
J.
E.
Pitcher,
Secretary of Parish School Board,
—
est
bonds
$175,000
6
15,
follows:
as
Minden
No.
as
District
School
bonds.
Due
March
on
follows: $16,000 in 1949
and
1950; $17,000 from 1951
1953; $18,000 from 1954 to
to
1956, and $19,000 in 1957 and
1958.
A
certified
check
for
$3,500 payable to the Treas¬
urer of the School Board, is
required.
' 11
50,000 Heflin School District No.
bonds.
21
Due
March
on
15.
follows: $3,000
from 1949 to
1958, and $4,000 from 1959 to
1963, all inclusive. A certified
check for $1,000 payable to
as
v
the
Treasurer
of
School
the
Board, is required.
-»,/•
Dated March 15, 1948. Denom¬
ination $1,000.
Principal and in¬
terest
1949
inclu¬
1956
to
sive.
(M-S)
payable at the of¬
Board, or at any
bank specified by the purchaser.
The approving opinion of Chap¬
man & Cutler, of Chicago, will" be
furnished the .purchaser.
fice of the School
Principal and interest (J-J
15) payable at the First National
Bank
of
Boston.
so-called
Portland,
,
Note
purchased
were
National
Bank,
of
discount.
0.93%
by
by
will certify
are is¬
authority of an
order of the City Council of Glou¬
sued
will be
a
Little
one
that the notes
under
the
terest in
and
will
span
Dated
Jan.
accrued
loan
Bank of Boston, or at the
Guaranty Trust Co. of New York,
by
the
merce
vice
of
highest
only; bidder, as follows:
Bank
$2,525,000 District No. 6A bonds,
at
as
National
of
to genuineness
of
Offering—Alfred
(EST)
at
City Treasurer,
sealed
on
bids
until
Courte-
will
11
re¬
a.m.
Jan. 26 for the purchase
discount, of $500,000 temporary
Due
notes.
on
Jan.
26, 1948.
Nov. 4, 1948. Issued in an¬
ticipation of
1948.
Dated
revenue
for the year
Payable at the Second Na¬
Com¬
tional Bank,
of Boston. The Sec¬
Portland, under the ad¬
ond National
Bank, of Boston, will
Bank
Mystic
water
Gray, Best,
Coo-
lidge & Rugg, of Boston. The next
bidder
of
0.94%.
was
Commerce
the
of
National
Portland,
i;
certify that the notes
a
name
one
of
rate
in¬
multiple of V\ of 1%,
interest
will
be
consid¬
Principal and interest
pay¬
able at the Second National Bank
accepted.
telephone bids will
The bonds will be
by the Second National Bank,
and their legality ap¬
ness
of
Boston,
are
authority of the City Coun¬
cil, the legality of which has been
approved by Ropes, Gray, Best,
Coolidge & Rugg, of Boston.
t.
whose
opinion will be furnished the pur¬
The
chaser.
to
livered
above
bank
Bank. Ann Arbor.
>
Mich.
Bonds Voted
held
Jan.
on
proved
the
—
At
the
6
issuance
election
an
voters
ap¬
of
memorial hospital
war
$165,000
bonds.
Boyne Valley Township Sch, ' Dist,
v
(P. O. Boyne Falls), Mich.
Bond
school
I
Sale—An issue of
bonds
was
$18,000
purchased
re-
cently by the Walter J. Wade,
Inc., of Grand Rapids, as 3s, at a
price of 100.07, a basis of 2.734%.
Dated Jan. 1, 1948. Denomination
$1,000.
Due $6,000 on April 1,
from 1949 to 1951 incl. Principal
and
interest
(J-D)
payable at
the
Boyne
City Branch State
Bank, East Jordan, ~Boyne City,
Mich. Approved as to legality by
Miller,
Canfield, Paddock
&
Stone, of Detroit.
Chikaming Township
bonds
the
on
1948, against
will
be
de¬
purchaser at the
about Feb. 12,
or
supply system
fered
(P.O.
*
Jan.
on
payment in Boston
.
purchased. by
No.
:
Preston,
receive
Bond Offering—John I.
Town
Treasurer,
sealed
bids
Jan. 26
until
will
noon
(EST)
on
(c/o the Second National
bonds of¬
167 p\
'296—
a
Midland Rural School District
1
Wakefield, Mass.
revenue
19—v.
syndicate
composed by Braun, Boswbfth &
Co.; Inc., Crouse & Co.vof pe'troit,
Donovan, Gilbert & Co., of Lahsing, and Nordman and ;VerfalJ of
Detroit, at par, a net interest cost
of 2.6879%, as follows:' $124;000
as 2MiS, maturing $10,000 on Sept.
1, from 1952 to 1956; $12,000 from
1957 to 1961; $14,000 in 1962, and
$176,000 as 2% s; maturing $14,000
from
1963 to
1966, and <$15,000
from 1967 to ,1974, all included.
Dated Oct. 1, 1947; Principal and
interest (M-S) payable at the De¬
troit Trust Co., Detroit.
.:
were
funds.
issued
under
Thorndike,
Storey,
by
proved
Palmer & Dodge, of Boston,
'
Ropes,
on
| (M-S) payable at the Ann Arbor
the
channel,
between
prepared under the supervision of
and authenticated as to genuine¬
Lawrence, Mass.
Note
manche
ceive
at the First Na¬
Due
even¬
of the wonders of New
of Boston. No
be
all bids.
26,
1948. Due Oct. 7, 1948, at the Na¬
tional Bank of, Commerce of Port¬
or
were
2V2S, at
over
bid for less than par and
no
ered.
the legality of which has
Storey, Thorndike, Pah^er & vDodge^ of Boston*
The right is reserved to reject any
to
Bidders
cester,
First
at
of¬
296--
•
Jan.
on
the
19—v. 167, p.
•
tem¬
Portland,
bonds
revenue
Jan.
on
Legality ap¬
Lakeside), Mich.
Storey,
Thorndike, ern
Private Sale Planned—No bids
bridge building techniques as
Palmer & Dodge, of Boston. Sec¬
developed in such structures as were received for the $397,000 not
ond high bid of 100.695 for iy2s
the Tri-Borough and Henry Hud¬ to exceed 3 % %
interest water
was made by F. S. Moseley & Co.
revenue bonds offered J an. 20—
son Bridges, in New York, and the
famous Golden Gate
Bridge in v. 167, p. 92. The district will atGloucester, Mass.
San Francisco.
The plan for fi¬ | tempt to dispose of the issue pri¬
Note
Offering —r S,t-Emerson
nancing the Huge undertaking is vately. The bonds are dated Sept.
Laurie, City Treasurer, will re¬
the same as used so successfully
1, 1947 and mature serially on
ceive sealed bids until
11
a.m.
on those bridges.
Without cost to Sept. 1 from 1950 to 1977 inclusive
(EST) on Jan. 26 for the purchase
the taxpayers
of Massachusetts, | and part of the issue is subject
of the following revenue anticipa¬
construction of the Mystic River to prior redemption.
tion of 1948 notes:
Bridge will be completely financed
Erin Township School'District
$600,000 dated Jan. 26, 1948, due
by revenue bonds which have al¬
No. 6 (P. O. Roseville), Mich.
Nov. 8, 1948.
ready found a ready market with
Bond Sale—The $30,000 school
200,000 dated Jan. 26, 1948, due the investing public.
bonds offered on Jan. 14—v. 167 p.
Jan. 14, 1949.
197—were
purchased by H. V.
Somerville, Mass.
The notes will be payable at the
Satterly & Co., of Detroit, the
Bond Offering—Walter E. Col¬
National Shawmut Bank of Bos¬
only bidders, as 3y2s, at a price
ton and will be delivered at said lins, City Treasurer, will receive
of 97.00, a basis of 5.40%.
Dated
bank for Boston funds.
Denom¬ sealed bids until noon on Jan. 27
Sept. 1, 1947. Due serially on Sept,
inations as follows: eight at $50,- for the purchase of $125,000 vet¬
housing
coupon
bonds. 1, from 1948 to 1950 incl. Princir
000 and eight at $25,000 for the eran's
pal and interest (M-S) payable
Nov. 8, 1948 maturity and two at Dated Jam 1, 1948. Denomination
at the State Bank of Fraser.
$50,000 and four at $25,000 for $1,000. Due on Jan. 1, as follows:
the Jan. 14, 1949 maturity.
The $10,000 from 1948 to 1958, and
Hastings, Mich.
Bond Sale—The $300,000 water
National Shawmut Bank of Boston $5,000 from 1959 to 1963 inclusive.
proved
or
$800,000
loan notes offered
porary
21
Me.
Sale—The
|
England when completed. It will
be the largest ever constructed in
these States. It will embody mod¬
been approved by
MAINE
system
fered
Baraga County (P. O. L'Anse),
Dated
(P. O. Minden), La.
ing
Arbor, Mich.
$330,000 park¬
Sale—The
Bond
ment.
MASSACHUSETTS
Sale—The
MICHIGAN
"Ann
purchased by local banks, as
par.
Dated Sept. 1, 1947#
Sept. 1, from 1949 to 1958
Massachusetts for its inclusive.
Principal and interest
in
known
on
Note
the above
10, 1948,
against payment in Boston funds.
No
telephone bids will be re¬
ceived. The right is reserved to
reject any or all bids.
for construction work
cal Bank- & Trust Co., New York
City. The bonds; are; general ob¬
awarded, Ephraim A. Brest, Chair¬
ligations, unlimited tax and regisman
of the Mystic River Bridge
terable as to principal only.
The
Authority, announced Dec. 27.
bonds
will
be
delivered
about
The contract, for the construc¬
March
1, 1948 at place of pur¬ tion of two
piers, was awarded
chaser's choice.
The
approving to the lowest
bidder, V. Barletta
opinion of Mitchell & Pershing,
Co. of Roslindale.
The bid was
of New York City, will be fur¬
$269,869.50.
The firm is well
bid
livered the purchaser at
bank on or about Feb.
Con¬
,
chased b.y a syndicate headed by
the Equitable Securities Corp., the
bonds.
coupon
1948.
Due $75,000
bid
no
one
interest
4%
bonds.
N. Y. Certified
sew¬
age district bonds offered on Jan.
1,
Offering
e
interest
construc¬
sewer
QQQ.
Feb.
purchase of $700,-
tional
'
East Baton Rouge Parish
Bond Sale—The
tion
land, Portland,
A certified check for
is required.
Bank of Boston), for the purchase
of
the
$240,000
school coupon
Maiden, Mass.
>.N o t
strip
of
April porary loan notes offered on Jan. the
1,
1948.
Denomination
$1,000. 20—v. 167, p. 296—were purchased Charles and the Boston and Maine
Due on April 1, from 1949 to 1973 by the Second National Bank of freight yards.
inclusive.
The Charlestown pier will be
Interest payable A-O. Boston, at 0.947% discount. Dated
A certified check for $14,000 pay¬ Jan. 21, 1948. Due Nov. 5 and 12, constructed oh part of the Barry
able to the Parish Treasurer, is 1948. The next highest bidder was playground, which during the war
National
Shawmut
required. These are the bonds or¬ the
Bank, was taken over completely by the
iginally
scheduled for sale
on
Boston, at 1.05 % discount.
Navy.
Changing original engi¬
Jan. 28.
neering plans, the Authority is
Framingham, Mass.
now taking less than one quarter
Bond Sale—The issue of $80,000
Tangipahoa Parish Drainage Dist.
of
the
recreational
surface, so
incinerator bonds offered Jan. 22
JVo, 4 (P. O. Amite), La.
that Charlestown
children will
whs awarded to Halsey, Stuart &
Bond Election—At an election
have space for play as they did
Co. Inc., New York, as iy2s, at a
to be held on Jan. 27 the voters
before the war.
will consider, the issuance of $300,- price of 100.736, a basis of about
More than two miles long, the
1.329%. Dated Jan. 15, 1948. De¬
000 drainage bonds.
high-level Mystic Bridge stretch¬
nomination $1,000. Due $10,000 on
ing from Charlestown to Chelsea,
Webster Parish School Districts
Jan. 15
house
court
opinion of Chapman & Cutler, of
Chicago, and bids may be condi¬
tioned only to that extent. Bidders
may specify the interest rate or
rates
series
Dated
re¬
the bonds and the legal approving
for less than 102 plus accrued in¬
terest will be favorably consid¬
and
4%
for, payable
Commission, is required.
Evans,
Eddie
—
bids until 10
19 for the
000
optional
and
main
bonds
Secretary of Police Jury, will
order of otheir
maturity on
interest payment date on or
after Jan. 15,
1$51, upon terms of
102 on and prior to Jan. 15, 1956;
«at 101 thereafter and
exceed
Sanitary
nished the purchaser. A certified
check for 1% of the amount of
Lincoln Parish
verse
interest
&
Co., Nusloch, Baudean &
Co., Smith, Weil & Arnold, John
Dane, Glas & Co., Lamar & King¬
ston,
and
Howard,
Labouisse,
Friedrichs & Co., all of New Or¬
.any
after
Equitable
Chicago; Scharff & Jones, White,
Hattier & Sanford, and Newman,
Brown & Co., all of New Orleans;
B. J. Van Ingen & Co., New York;
Barrow, Leary & Co., Shreveport;
for redemption-prior to
maturity
as a whole ordn
part in the in¬
to Jan.
the
Securities
Corp., in the purchase of the
bonds were John Nuveen & Co.,
for
the
purchase of $150,000
County hospital bonds. Dated Jan.
15, 1948. Denomination $1,000. Due
on
Jan. 15, as follows: $5,000 in
1950; $6,000 from 1951 to 1954;
$7,000 from 1955 to 1957; $8,000
to
and
Feb.
on
tion
Suburban
from 1949 to
Feb. 3 for the purchase of
$225,000 not to exceed 4 % inter¬
—
1968.
on
p.m. on
Bond Offering
J. F. Sugg,
County Court Clerk, will receive
-M
va¬
will receive sealed bids until 1:30
Nicholas
4
ad
3V2S. Due
Oct. 1, from 1948
Syndicate Members—Associated
tax
a
of
V
Monday, January 26, 1948
of
the
town.
The
Shawmut Bank of Bos¬ obligations
bonds will be prepared under the
ton, under the advice of Storey,
supervision of and authenticated as
460,000 District No. 8 ad valorem
bonds will
be
awarded, at the Thorndike, Palmer & Dodge, of
tax bonds, as 3y2s. Due seri¬
to genuineness by the Second Na¬
Boston. No telephone bids will be
highest price, not less than par
tional Bank of Boston, and their
ally on Oct. 1, from 1948 to
and accrued interest, offered for received. The right is reserved to
1977 inclusive.
legality approved by Storey,
the lowest rate bid upon in a mul¬ reject any or all bids.
Dated Oct. 1, 1947. Interest pay¬
Thorndike, Palmer & Dodge, of
tiple of one-tenth or % of 1%,
Mystic River Bridge Authority,
able A-O.
Boston.
The bonds will be de¬
Ken¬
lar tax advantages to Kentuckians.
Gross
6A
1977 inclusive.
law
new
tucky has a long-standing law
granting reciprocity to non-resi¬
Indiana's
No.
water
of
per¬
CHRONICLE
MARYLAND
Washington
not
lorem tax bonds, as
reciprocal income
a
1,
1977, all inclu¬
District
475,000
to
Policy
to
from 1950 to 1977 inclusive.
serially
1963, all inclusive.
Kentucky (State of)
ana
1950
FINANCIAL
Howard
sive.
'
Hughes, City Treasurer, will re¬
District, Md.
1,190,000 District No. 6 ad valor¬
ceive sealed bids until noon (EST)
Bond Offering—Dwight B. Gait,
em
tax bonds, as 3y2s.
Due
on
Jan. 27 for the purchase ot
Chairman, will receive sealed bids
serially on Oct. 1, from 1948
at his office, 4017 Hamilton Street, $750,000
temporary revenue an¬
to 1977 inclusive.
j
Hyattsville, Md., until 3 p-m. on ticipation notes. Dated' Jan. 27,
910,000 District No. 8 revenue
Feb. 4 for the purchase of $3,000,- 1948. Due Nov. 4, 1948, at the Na¬
bonds, as 4s.
Due
serially
tional Shawmut Bank of Boston,
000
in the
above name
purchase of the bonds
Due serially on Oct.
from
associ¬
were
4s.
as
Lexington, as reported in our
Jan. 12 issues—v. 167, p. 196—we
learn that Edw. G. Taylor & Co.,
&
Bond
Sale
tion with
the
2,
Mich.
Details—In
connec¬
sale of the $20,000
building bonds tq the Chemical
State Savings
Bank) of Midland,
as
2s, at par,
as
reported in
our
Volume
that
learn
Number 4667
"
issue—v.
12
Jan
167
167
*
bonds
196—we
p.
Jan.
dated
are
15, 1948, maturing $4,000 on April
15, from 1949 to 1953, incl.
MINNESOTA
Benson, Minn.
Certificate
and
Offer¬
Warrant
THE COMMERCIAL
with the proposal or for less than
as
may
in
issued
bond
of
has
not
yet
been
de¬
termined, but will be approved by
Chapman & Cutler, of Chicago.
The
approving opinion of the
above attorneys will be furnished
FINANCIAL
to principal
and accrued interest. The form
par
&
alone, and will be
such
be
denominations
requested
Principal
chaser.
CHRONICLE
gations of
ing— D.
M.
,
City Clerk,
Lawson,
on Jan. 26 for the purchase
$61,000 coupon certificates and
p.m.
of
warrants
follows:
as
$38,000 street improvement No. 4,
certificates
Due
indebtedness.
of
Dec.
on
follows:
$2,000 in : 1948, and $4,000
from 1949 to 1957, all incl.
23,000 combined sewer districts
Nos.
and
2
1,
21
as
warrants.
Due
sealed
bids
the pur¬
and
interest
1958, all incl.
Dated Dec. 1, 1947.
Denomina¬
tion
$1,000. Both issues maturing
after Dec. 1, 1953, are subject to
redemption on said date and on
any subsequent interest, payment
date, at par and accrued interest.
Each issue will bear a single rate
of interest to be designated by the
purchaser in his bid, in a multiple
Principal and
interest payable at any suitable
bank or trust company designated
by the purchaser in his bid. The
of 1/10 or lA of 1%.
bids will be compared on the basis
of total interest cost from date of
issue to date of
maturity, less pre¬
mium offered. The purchaser will
with
Jan.
as follows:
$7,000 in
1951; $8,000 in 1952 and
1953; $10,000 from 1954 to 1960,
and $15,000 from 1961 to 1963 in¬
1,
1950 and
clusive.
Bidders to
The bonds
in multiples of Va or
1/10 of 1 %. Principal and interest
(J-J)
payable
bank
at any suitable
trust company designated
or
by the purchaser.
bonds
election
Ingen
Co., of New York,
at :a price of 100.225,
certified
A
$3,000
the
County
(P.
on
Jan.
approve
12
the
voters
the issuance of
Offering
be
Offering
—
bids
County
10
the
for
$200,000
hospital
held
on
approved the
sewer bonds.
Dec.
a
payment
date
payable
March
30
the
Bond
issuance
of
$53,000
interest
Jan.
1,
refunding
1948. De¬
nomination $1,000. Due on Jan. 1,
as follows:
$12,000 from 1950 to
1957, and $4,000 in 1958.
and interest
suitable
or
trust
any
company
Northeast Missouri State
a.m.
re¬
Capitol
approach
improvement
bonds. Dated Feb. 1, 1948.
Denomination
$1,000.
Due
on
Feb. l,<as follows: $25,000 in 1949
and 1950; $26,000 in 1951 and 1952;
$27,000 in 1953 and 1954; $28,000
in 1955 and 1956; $29,000 in 1957
coupon
and
1958; $30,000 in 1959 and 1960;
$31,000 in 1961 and 1962; $32,000
in 1963; $33,000 in 1964; $34,000 in
1965; $35,000 in 1966; $36,000 in
1967;: $37,000 in 1968 and 1969;
$38,000 in 1970 and 1971; $39,000
in 1972; $40,000 in 1973; $41,000 in
1974 and 1975; $42,000 in 1976 and
1977; and $43,000 in 1978. Bids
may be submitted in multiples of
1/10
Or
bear
one
Vi
of
1%.
Bonds
must
rate of interest. Principal
and interest
(F-A) payable at the
office of the Commissioner of Fi¬
or at the fiscal agency of
City in New York City. The
bonds
may
be exchanged
for
registered', bonds, both as to prin¬
cipal and interest, at a cost of
$1.00 per registered bond, plus
postage.'; N^obt<is will be consid¬
ered whicn are' not in accordance
are
the
bonds of¬
held
on
Bond
will
be
Board
until
Offering
3
—
Sealed
bids
*for the purchase
Bond Sale—The
of
$111,000 build¬
ing bonds offered on Jan. 21—v.
166, p. 2709—were purchased by
Kalman & Co., of St. Paul, as 2s,
at a price of 100.145. Dated Jan.
1, 1948. Interest payable J-J. The
next highest bidder was Richards
& Blum, for 2s, at 100.09.
Montana (State of)
Debenture Offering—The
State
Highway Commission will receive
sealed bids at the State Treasur¬
er's office, until 2 p.m. Feb. 26
cor the purchase of $2,000,000 not
way
debentures.
interest State high¬
treasury anticipation
Dated
counon
Anril .1.
1948.
"^ue April 1. 1958.
will
">ar
be
The debo«tures
subject to redemption at
plus accrued interest either in
or in part on Anril 1.
1953,
-''hole
T
on
any
Note
District
sealed
(EST)
porary
to
special elec¬
the
be held
for
the
West
Bond
p.
re¬
&
Subject to registration
not
000
to
exceed
6%
at
the
be
stated
in
*iirnicV»pd
T-*".-,
$40,interest
T>^lofioia
Vo-V
voiia
the
gr
WOOd,
Of
fKof, fho bonrlc!
logqPv
bidding
obli¬
Delafield
&
on
or
16, 1948. The approvopinion of Hawkins, Dela¬
iflg
field
&
Wood, will be furnished
A
cer¬
tified check for 2% of the amount
of bonds bid for, payable
District, is required.
to the
National
and
the
Bank,
Cape
Common
Sch.
Lloyd Harbor,
ington), N. Y.
Bond Sale—The
ing
bonds
Hall
&
Dist.
Hunt•
$230,000 build¬
offered
Co.,
jointly,
100.19,
both
1.90s,
basis of
as
a
Feb. 1, 1948.
1,
on
Jan.
20—
of
New
at
a
York,
price of
1.873%.
Due serially
Dated
on
Feb.
from
1949 to 1968- inclusive.
Interest payable F-A.
The next
highest bidder was Geo. B. Gib¬
bons &
of
Co., Inc., for 2s, at 100.11.
Lewis, Leyden,
market
interest land
$1,000
West
and
Turin, HighiAva, Central
1 (P. O.
Sch. Dist. No.
1,
for
one
$500.
1,
follows: $2,500
as
1948; $2,000 in 1949 and
1950,
$3,000 from 1951 to 1962, all
Principal and interest (M.-
in
Rate
of
multiples of
of the bonds.
and
the
interest
or
same
The bonds
for all
are
These
are
valid
the bonds
authorized at the election
on
Oct.
..
,
14.
The
bonds will
place
as
be
,
..
.
City,
may
or
delivered
at such other
be agreed with the
purchaser about Feb. 15, 1948. The
approving opinion of Vandewater,
Sykes
&
Heckler,
of New Y6rk
j City, will be furnished the
pbocov
a
—
bonds
The
offered
$10,000 bus
on Jan. 20
167, p. 297—were purchased
by the First National Bank, of
Boonville, as 2.40s, at a price of
100.11, a basis of 2.378%. Dated
1, 1948. Due serially on Jan.
1, from 1949 to 1958 inclusive.
Principal and interest (J-J) pay¬
able at the First National Bank,
of
Boonville.
The next highest
bidder was Tilney & Co., for 2.40s,
at 100.01.
New York City Housing
New York
pur-
rVnaok for
payable to the Village, is required,
Authority,
Note Offering—Thomas J. Far-
rell, Chairman, will receive sealed
bids until
noon
on
Jan. 30 at the
Comptroller,.,
Ro°m 530 Municipal Building, for
of
office
the
City
the purchase of $4,918,000 tempo-
loan> series E notes; Dated
1, 1948.
Due Aug. 16, 1948.
rary
at New York
Leyden), N. Y.
Sale
to
1/10 of
legally binding obligations of
Village.
West
Bond
Jan.
Nov.
on
acquisi¬
registered
1947. De¬
or
Dated Nov.
1%, and must be the
J
O.
V. 167 p. 297—were purchased by
Roosevelt
& Cross,
and Vostal,
1947 coupon
be
acceptable
of
Principal
payable
at
(F-A)
urer's office.
the. bonds
ordoion
of
N.) payable at the Village Treas¬
The purchaser will be
with
,
Hawkins,
Wood, of New York City,
5%
Merchants
legallv
|J?.onc*s of Lr
^
fice
garage
incl.
on
of
higher than the lowest rate
proposal.
same
Principal
P.aya^ at.tJie
—v.
and
re¬
to bear, and no proposal will
considered which specifies a
rate
multiples of
Co., New York City
The
?
erS?,ai. !?f
~
i
tion
Cape May. Each
proposal must snecify in a mul¬
tiple of 14 or 1/10 of 1% a single
are
inclusive. Rate
in
1.n1t.er®s* (
exceed
National Bank,
rate of interest which
be
al* of J*?® bonds.
Bond Offering—Gustave Fishel,
Jr., Village Treasurer, will receive
Sealed bids until 2 p.m. on Jan. 27
for the purchase of $42,500 not to
registered bonds.
Dated Jan. 1, 1948. Due on Jan. 1,
as
follows: $4,000 from 1950 to
1954. and $5,000 from 1955 to 1958
inclusive.
Principal and interest
mv*ble
to
Frankhn Square National Bank or
the Central Hanover Bank &
Babylon, N. Y.
school coupon or
/t-tv
i
167
by J. B.
Newark, as
NEW YORK
in
a.m.
19—v.
The next highest bidder
Boland, Saffin & Co., for
was
Stanley C.
purchase
?
?
interest
Va of 1%, and must be the
(P.
3y2s, at 100.208.
Due
the
B.
registered bonds. Dated
1948. Denomination $1,-
1,
sewer
inclusive.
1968
May.
Cape May, N. Ji
ceive sealed bids until 11
$25,000
Jan.
on
Co.,
nomination
Schellenger, City Clerk, will
$210,-
a
bonds.
for
election
198—were purchased
Merchants
pur¬
NEW JERSEY
2
of
Cape May, N. J.
Sale—The
interest
noon
all bids.
—
William
—
the purchaser without cost.
an
Feb. 10 the voters
on
to
as
Bond Off erIng
Jersey
price of 100.27, a basis
of 3.47%., Dated Dec. 15, 1947.
Due serially on Feb. 1, from 1949
The notes
to genuine¬
ness and validity by the National
Shawmut Bank of Boston, under
the advice of Storey, Thorndike,
Palmer & Dodge, of Boston. The
right is reserved to reject any or
certified
School
Township
3V2S, at
tax anticipation loan notes.
be
York
Offering
Huntington
voters
until
29
Dist.
I??"™?1!.6 on
',ASC SlFJS:
$30,000 fromA 1949 to 1965; $35,000
from 1966 to 1970, and $40,000
3%
Election—At
bonds offered
bids
Jan.
on
Sch.
000 construction bonds.
Dated Jan. 29, 1948. Due Dec. 17,
1948.
Payable at the National
Shawmut Bank of Boston, Boston.
Feb.
Feb.
that
(P. O. New Providence),
New
Offering—Earle R. Stock-
ceive
i^te^ept r»avw^t ^*te
thereafter.
.
$6,000
New Providence
Rockingham County' (P. 0/
Exeter), N. H.
Lewis and Clark County Sch. Dist.
No. 1 (P. O. Helena), Mont.
nance.
to
will consider the issuance of
11
Free
about Feb.
NEW HAMPSHIRE
$160,000 County hospital bonds.
to exceed 4%
amount
after March
or
Denomination $25,000.
received by the Clerk of
of County Commissioners
Feb.
the
bonds.
Dec.
Union
(P. O. Franklin Square),
New
on
1, to the Audubon National Bank, Audubon, for
payment.
construction bonds.
will
Mont.
the
of
County (P. O. Cut Bank),
on
Feb. 3, for the purchase of $1,000,000 not to exceed 5% interest
Teachers
MONTANA
Glacier
interest
accru.ed
Jan. 1, 1945.
Due to Sept.
1969.
Holders of said bonds
should present and surrender them
approved the issuance of $40,000
;
Jan. 9—v. 166 p. 2709.
Mit¬
J.
purchase
These
on
and
Hanauer
$475,000
dormitory revenue bonds, as 3%s,
at a price of 98.00, a basis of
Paul, Minn.
Offering—Joseph
tion
17
Bond
are
dated
chase at discount of $200,000 tem¬
to
The bonds
No.
general re-,I°r
funding bonds Nos. R98 to R103,1 ancl
City Coun¬
grain elevator
bonds, and $50,000
option
fered
Bond
2%%
high-
coupon or
principal
date,
$100,000
bridge, County Treasurer, will
required.
ceive sealed bids until 10
such
Commission
a
V
$27,000
iqo.OI.
Hempstead
for
thereof
on
College (P. O. Kirksville), Mo.
Bond Sale—Stern Bros. &
Co.,
of Kansas
City, exercised their
3.931%.
chell, City Comptroller, will
Memphis,
MISSOURI
designated by the purchaser. The
approving opinion of Dorsey, Col¬
man, Barker, Scott & Barber, of
Minneapolis, will be furnished the
purchaser. A certified check for
$2,000 payable to the District, is
St.
Neb.
Nebraska
Interest payable M.-S.
Principal
(J-J) payable at
bank
1948.
of
at
payment on March 1,
at 102%% of the principal amount
Requested —The
Bonds Voted—At
Y.
Sale—The
fflcoSwStePtata?J'uS
to
Haupt
Co. Inc.
calls
Thedford School District No. '4,;
County hospital bonds were pur¬
recently by Herman BensCo.,
1.89%.
Board
bonds maturing from 1949 to 1962,
and 3s maturing from 1963 to
1966,
both inclusive.
Dated March 1,
Dated
Issue
construction
dock
Sale—An issue of $50,000
&
Ira
Ephraim, N. J.
Bond Call—Clarence B.
Marsch,
Director of Revenue and Finance,
Neb.
Improvement
cil* issue
County (P. O.
Ashland), Miss
Bond
awarded
of
1,
Bond
O.
Tuckahoe), N.
Bond
Mount
Sale—The $250,000
Omaha,
City
composed
about
&
Dated
District,
;
Eastchester (P.
recommended that the
purchase of $100,000 not to
1.90%
Re¬
par.
chased
ceed
School
,
<lv'
,
1, 1947 and mature on Bryan, District Clerk, will receive
Dec. 1, from 1949 to 1958 inclu- 1 sealed bids
until 3:30 p.m. on Jan.
sive.
Second high bid of 100.537 29 for the
purchase of $965,000 not
for 2s was made by Halsey, Stuart to exceed
4% interest school-1948
years.
M-S.
[ from 1948 to 1966, all
5? ?*esif
5^ hlghefnnbldd*eL^s Tllnc*
& Co., for 2.70s, at 100.13.
?n
1
bidder
dated Dec.
build¬
ing bonds offered on Jan. 19—
v. 167 p. 296—were purchased by
Greenway & Co., and John Doug¬
las & Co., both of Omaha, as 2V2S,
voters
District Clerk, will receive sealed
bids until 8 p.m. on Feb. 9 for the
bonds.
five
after
297-were
p.
group
of
interest
any
highest
Co., and First of Michigan
Corp., both of New York, and J.
B. Hanauer & Co., of Newark, as
1.90s, at a price of 100.062, a basis
>5, 1948.
special elec¬
Benton
dorf
inclusive.
on
Interest
construction
Falls),
ex¬
full
next
&
$125,000 build¬
1958
to
in
The
167,
a
and Associates, as
2V2S, at a price of 100.80, a basis
of 2.289%. Due $12,500 March 15,
1949
a
lv|'P„atfTd N°i%V19?LoHU^2allX
-
v.
Minneapolis,
deemable
Jan.
,
ing bonds offered on Jan. 21—
166, p. 2709—were purchased by
Piper, Jaffray & Hop wood, of
from
Dated
Hillsborough To wnship Sch. Dist. j way machinery bonds offered on
(P. O. Flagtown), N. J.
I Jan. 21 — v. 167, p. 297 —were
Bond Election—At an election
purchased by Tilney & Co., of
to be held on Jan. 27 the voters New York, as
IV2S, at a price of
will
consider
the
issuance
of 100.03, a basis of 1.489%.
Dated
.Jan.
15, 1948.
Due serially on
$350,000 construction bonds.
| Jan. 15, from 1949 to 1953 incluHudson County (P. O.
sive. Principal and interest (J-J)
Jersey City), N. J.
payable at the First National Bank
Bond Sale
The $472,000 re& ''Trust'"q0^ Tuckahoe^ The next
funding bonds offered Jan. 22- highest bidder waV the
v.
at
Mississippi
H. Clark,
B.
by the
Feb.
Bonds Voted—At
Sch. Dist.
No* 1 (P. O* Redwood
.Minn.'
Sale—The
2.875%.
was
Boland, Saffin & Co., Ira
Haupt & Co., and MacBride, Mil¬
ler & Co., jointly, for $350,000 as
3.10s, at 100.266.
Phillips County School District
No. 14 (P. O. Malta), Mont.
Lexington
Sealed
—
received
bonds.
tion
J.-J.
printing the debentures on steel
engraved
borders.
A
certified
check for $40,000 payable to the
State Treasurer, is required. These
are the debentures originally of¬
fered on Jan. 27, the sale of which
was postponed.
Bond
of
15—v.
n
as
Due serially on Jan.
1, from
1950 to 1968 incl. Interest
payable
Benson),
Minn.
Bond
$670,000 construction bonds.
Redwood County Indep.
O.
Ulen, Minn.
Mankato Special Sch. Dist., Minn.
Bonds Not Voted—At an elec-?
basis
NEBRASKA
Swift
of
considered.
payable to
City Treasurer, is required.
Bond
for
Moody, of St. Paul.
purchase
No bids for less than par
not
bid
Dorsey, Colman, Barker, Scott
&
Barber,
of Minneapolis;
of
Briggs, Gilbert, Morton, Kyle &
Macartney, of St. Paul, and of
chaser.
did
No
of
until
held
4.
furnish the printed and executed
bonds and the approving opinion
Harold W.
2.90s,
1948.
Jan.
on
167 p. 198—were purchased by
Si?,C+Mr
«Si &nd J!2?der?
l0' -as
SvWi loal nS ° 1 1°'
xu
&
York
Bond Sale—The $135,000 build¬
ing bonds offered
Jan. 15—v. au( p.
167
on
61
Cheektowaga Union Free Sch. Dist»
No. 4 (P. O. Cheektowaga),
City,
92—were purchased by B. J. Van
be issued subject
approving legal opinion of
Mitchell & Pershing, of New York
City, and the purchaser will be
required to pay their fee and ex¬
penses
and also the expense of
general
less than par and accrued interest
will be considered. The City will
Treasurer
tion
the
certified
New
bonds offered
to the
the
are
at
Nov.
on
will be ready
^option of the pur¬
for
These
authorized
will
be
the rate
name
of interest
for delivery on Feb. 26 or there¬
after at the
check
Feb.
on
voir coupon bonds. Dated Jan.
1,
1948.
Denomination $1,000.
Due
the
o p i n i o n
of
Barker, Scott & Barber, of Minne¬
apolis, as well as the printed
will
p.m.
A
approving; certified check for $3,000 payable
Dorsey, Colman, to the
City Treasurer, is required.
be furnished
bonds.
8
purchase of $145,000
obligation water reser¬
general
on
Dec. 1, as follows: $3,000 in
1948, and $2,000 from 1949 to
on
until
A
Fairlawn School District, N. J.
Bond Sale—The $350,000 school
debentures will
the
for
City.
is required.
by
(A-O) payable at the State Treas¬
urer's office, or at the option of
the holder, at the office of the fis¬
with these bonds at the time of cal agent of the State in New York
sale and all bids must be uncon¬ City.
Rate of interest to be in
ditional. A certified check for 2%
a multiple of
Va of 1%, and must
of the amount bid,
be the same for all of the de¬
payable to the
bentures. The debentures will be
City, is required.
delivered and payment therefor
South St. Paul, Minn.
must be made on April 1, 1948, at
Bond Offering—John F. O'Donthe State Treasurer's office. The
nell, City Recorder, will receive
2
the
check for $800 payable to the
as
,
will receive sealed bids until 1.30
(481).
Feb.
Officers of the housing authority
y^rk
City
E3St 42nd StreGt' NeW
Bid Rejected—The
ceived
for
the
only bid
$2,229,000
temporary
offered
Jan. 16—v. 167 (pl
was
on
re¬
purchase:-1 of! the"
loan- hotes
198-^-
rejected. The offer, made by
62
THE COMMERCIAL
(482)
the
Chemical
of
New
and
To
Chase
ceived
&
of
July 29, 1948.
To
the
be
the CenCo.j
Trust
&
City. The notes will be
delivered
Feb
on
1948, or as
they cap
2,
prepared. No bids at less than
and accrued interest will be
accepted. State rate of interest,
designate denominations desired,
Co.,
whom the
to
and
shall b6
notes
payable. Notes will be made pay¬
able to the bearer upon request.
...
Trust
as
of
opinion will be furnished
Reed, Hoyt, & Washburn, of
New
York City, and will state
that the notes are valid and legal¬
Legal
plus
by
City—$1,000,000 at 1.30%,
premium of $1. Notes are
dated Jan. 29, 1948 and mature on
July 29, 1948.
•
a
ly binding obligations of the City.
Trust Co.,
To the Manufacturers
York—$250,000 at 1.10%.
Notes are dated Jan. 29, 1948 and
New
mature
on
Tonawanda, N. Y.
Bond Sale—The
July 29, 1948.
1948
bonds
•
$75,000 paving
offered
Jan.
on
22
Braun, Bosworth & Co., Inc., To¬ Nov.-4, 1947. A certified check for
ledo.-':
$3,000, payable to the Board of
/V-v v;
-'"V.
Education, is required.
•
.
Brooklyn Heights (P. O.
J
Cleveland),
.
Bond
Sale
tion with
water
Wadsworth City School District,
Ohio
Details—In
the
main
sale
extension
Ohio
connec¬
the
of
Sale
Bond
$45,000
bonds
to
tion with
Details—In
Fahey, Clark & Co., of Cleveland, building bonds to Braun, Bos¬
as reported in our Jan. 12 issue—
worth ?;&
Co., Inc., as 21/2S, at
v.
167, p. 199—we learn that the 101.08, as reported in our Jan. 12
bonds were sold as 3 V4 s, at a price issue—v, 167
p. 199—we learn that
of 100.311, a basis of 3.172%.
7 the bonds mature $12,000 on Oct.
,
'
(F-A) payable in New York
terest
2s; $37,000
6s, and $88,000 as IV2S.
as
as
Sch. Dist.
(P. O. Clinton), N. C.
Sampson County, Clinton
receive
sealed
(award to
Feb.
on
9
$418,000
for
3%
until
bids
be made
noon
the
purchase
of
ceive
unlimited
tax bonds.:,
Dated Dec. 15, 1947.
Denomination $1,000. Due $19,000
Dec.
on
purchased by the Marine
Trust Co., Buffalo, as 1.90s, at a
A'ere
York, N. Y.
Population of Metropolitan Re-*
Since
The
population of the
price of 100.334, a basis of 1.837%.
Dated Jan. 1, 1948. Due on Jan. 1,
as
follows: $7,000 from 1949 to
gion Shows Large Increase
1940
—
Jersey-New York-Connecti¬
Metropolitan Region has in¬
creased by more than a million
since 1940, nearly 200,000 greater
than its growth during the entire
1930-1940
decade,
the Regional
New
1953, and $8,000 from 1954 to 1958,
without option to prior redemp¬
tion.
Principal and interest pay¬
able J-J.
The next highest bid¬
der was Roosevelt & Cross, and
cut
Plan Association
Tilney & Co., jointly, for 1.90s, at
reports.
Region's popu¬
to be 13,580,000,
100.31.
"We estimate the
lation
for
1947
;
director of the Association.
He said this seven-year
Sale—The
Bond
increase
$20,000
street
"Population growth in the Re¬
gion has been taking place at a
rate
slightly ahead of Regional
Plan estimates," Mr. Clark said.
"The Association's estimate of 13,800,000 population in 1950 appears
to be sure of attainment."
The estimate is part of a popu¬
highest bidder was J. Lee Peeler
& Co., for $10,000 as l34s, and
$10,000 as 2s, at 100.035.
-
1,072,000 contrasts with an 874,728 increase during the 1930-1940
decade.
lation
.
being made by the
Regional Plan based partly upon
the sample population survey for
study
not
000
to
building
New
Bern, N. C.
At
;•
•
.
Elyria,
Galesburg School District, N. Dak.
Sale—The
Bond
audi¬
$36,000
torium bonds offered on Jan. 19—
167
93—were purchased by
Bank
of North
Dakota, of
p.
bonds.'
Northeastern New
politan
Jersey metro¬
area.
est
13
voters
the
ap¬
the
North Hempstead, Westbury
Water
District (P. O. Westbury), N. Y.
Bond
Thomas
Walsh, District Secretary, will
re¬
sealed
—
bids
until
3
offered
apparatus
coupon
or
registered
bonds.; Dated Feb. 1,
1948.
Denomination $1,000.
Due
$5,000 on Feb. ',1, from 1949 to
1953 inclusive. Principal and in¬
terest
(F.-A.)i! payable at
the
Wheatley Hills National Bank,
Westbury. The bonds will be
awarded to the bidder offering to
from
purchase the bonds at the lowest
rate
V4
the
for all of the bonds.
same
1
The
approving opinion of Reed,
Hoyt & Washburn, of New York
City. The bonds will be delivered
Treasurer's
at such other place
with
agreed
the
about Feb. 1.
tified
check
for
1948.
to
office,
as
maturing
$10,000
from
sewer
bonds.
$45,000
as
cer¬
payable to
the District Treasurer, is required.
1960;
$6,000
in
1961
$500
50,000 electric light bonds.' $26,000
as
2s, maturing $2,000
from 1950 to 1962; $10,000 as
6s,
maturing
$2,000
from
*
-
Rochester, N. Y.
Note
Offering
Whitley,
City
W.
—
Raymond
:/>" 1963 to 1967, and $14,000
will
Comptroller,
.
sealed, bids
receive
until
3
p.m.
on
22,500
,'nv
,
„
<
Capital
equipment
notes.
I.
_.
•
'
,
•
Dated Dec 1,1947.
interest
York
works
apparatus)
/
(public
and
'•
Feb. 1, 1948.
■
.
Due Feb. 1,
(J-D)
Principal and
payable in New
City.
P
bonds
1
Reidsville, N. C.
$100,000 building
offered
improvement
on
Jan. 20—v.
167
offered
on
bonds
$215,000 build¬
ing, unlimited tax bonds offered
on
Jan. 19—v. 167 p. 93—were
McDonald & Co., of
Cleveland, as 2V2S, at a price of
100.57, a basis of 2.18%.
Dated
Oct.
1,
1947.
Due serially on
April and Oct. 1, from 1949 to
1968 inclusive.
Interest payable
purchased by
highest bidder
Braun, Bosworth & Co., Inc.,
was
for
next
The
O.
Archbold), Ohio
to
be
will
Election—At
held
the
issuance
construction
;
i
bonds that
awarded
lumbus,
basis
Jan.
to
as
of
the
2s, at
p.
Ohio
a
about
199
—
Co.
were
of
Co¬
price of 100.893,
1.904%.
Dated
April
1, 1948 and due $10,000 .on
1 and Oct.., 1 from 1949 to
1968
inclusive.
of
100.577
for
Second
2s
was
high bid
made by
*
par.
1960, all inclusive.
bidder was Calr
;
Flore
La
-
Bond
dated Oct.
been
1,
accumu¬
sinking fund of'the
bonds at the
lowest offer¬
ing price not to exceed the face
value thereof.
Tuscarawas Township Local
School
R.
ers,
O. Massillon
F. D. No. 2), Ohio
Offering—Laird
W.
Clerk of Board of Education,
Jan. 30 for the purchase
not to exceed 4% in¬
construction
terest
bonds.
Dated
Feb. 1, 1948.
Due
Denomination $1,000.
$7,000 June and $8,000 on
1, from 1949 to 1968, all in¬
clusive.
;
,
County
O.
(P.
Okla. r:
Offering—David F. How-
County Clerk, will receive
sealed bids until 2 p.m. on Feb. 2
erey,
I
the
for
purchase of $250,000 hos¬
pital bonds. Due $25,000 from 1951
The bonds will
to 1960 inclusive.
be awarded to the bidder
lowest
the
interest.
These
thorized
at
Nov.
par
are
the
offering
interest
of
rate
agreeing to pay
ana
and accrued
the bonds gun
election
held
on
certified check
for 2% of the amount bid, is re¬
quired.
j
18,
1947.
A
Latimer County
Bond
My-*
will receive sealed bids until 7.30
on
Associates, for
(P. O. Wilburton),
'
.
$400,000 unlim¬
building bondsoffered
167,
to
$20,000 2V4s, and $80,000 2^s, at
$5,000
.
above
of $300,000
School District, Ohio
v.
the
of the
Bond Sale—The
—
of
Village more than $5,000 over and
above;, the interest requirements
for
the
next
succeeding
six
months for the purchase of the
Dec.
tax
has
There
in
p.m.
approved at the genr
eral election on Nov. 4, 1947. *
->
Ashland City
1956
Poteau),
of refunding bonds,
voters
failed to be
Jan. 21
issue
Leydecker, Village Clerk, will re¬
Bond
election
an
Feb. 24 the
on
consider
$400,000
Hill, Ohio
Sale—An
Mayfield Heights, Ohio
1936.
fol-f
par, as
as
The next highest
Cincinnati.
Local
T own shin
$50,000
from
called.
fire department bonds was sold on
Jan. 21 to Fox, Reusch & Co. of
lated
by
2V4S, maturing
$10,000 from 1951 tp 1955, and
$50,000 as 2V2 s, maturing $10,000
presented for payment with
1, 1948 and subsequent
coupons attached. Interest ceases
District (P.
District:(P.
School
Bond
ita, and Associates, at
the Aug.
2V4s, at 100.357.
Archb old-German
purchased
200—were
p.
Small-Millburn Co., of Wich¬
lows:
be
ceive sealed tenders until Feb. 18
Ohio
Bond Sale-^-The
A-O.
167,
the
Bond Tenders Invited—Fred W.
Arlington Local School District>7
a
Bond Sale—The
.
pital bonds.
ited
...•
City
The
—
Council recently approved an is¬
sue of $73,000 site purchase hos¬
1969, and $5,000 in 1970
and 1971.
„
paratus) notes.
'
as
l%s, maturing $2,000 in 1968
and
Jan. 28 for the purchase
follows:
$50,000 Capital (sewers) notes.
27,500 Capital (public works ap¬
(EST)
of $100,000 notes as
Alliance, Ohio
Approved
Bond Sale—The $100 000 hospi¬
bonds offered on Jan. 14—v*
.
Trust Co., New York City, on and
date and bonds should
Bond
V
tal
after said
date
S
OKLAHOMA,
Guymon, Okla.
bonds series 1937-1, Nos. 325 to
329, and 335 to 360. Funds for the
payment of said bonds will be on
deposit at the Chemical Bank &
Grover
Bonds
Citizens National Bank of Xenial
-,1
>
Symon, City
Clerk; calls for payment on Feb. 1
water works and refunding
and
1962; $31,000 as 6s, matur¬
ing $6,000 from 1963 to 1966;
$7,000 in 1967, and $49,000 as
13/4S,' maturing $7,000 from
1968 to 1974, all inclusive.
V
be
with
A
50,000
2s, maturing $3,000 from 1950
the consent of the District Treas¬
urer,
%s,
125,000
as may
purchaser
1962;
$10,000
1968 to 1970, and $15,000 from
1971 to 1979 inclusive.
the
at the District
to
1955
1954;
1963 to
purchaser will be furnished with
or
to
maturing
$10,000
from
1967; and $165,000 as
6s,
interest in a multiple of
1/10 of 1%, which must be
of
or
1950
from
on Jan. 21— v. .167, p. 94 —were
purchased by Braun, Bosworth &
Co., Inc., of Toledo. Dated Dec. 1,
1947. Due serially on Dec. 1, from
1949 to 1968 inclusive. Principal
and interest (J-D) payable at the
vert & Canfield &
OHIO
a
$325,000 water bonds. $110,000 as
2s, maturing $6,000 on June 1,
ing, unlimited tax bonds offered
for 2^s, at par.
bonds
syndicate
composed of R. S. Dickson & Co.,
of Charlotte, Branch Banking &
Trust Co., of Wilson,, Vance Se¬
curities Corp., of Greensboro, and
J. Lee Peeler & Co., of Durham,
at a price of 100.045, a net interest
cost of 2.5402%, as follows.
(EST) on Jan. 26 for the purchase
$25,000 not to exceed 5 % in¬
fire
School
State
the
was
a
Jan. 20—v. 167 p. 298
on
purchased by
—were
p.m.
of
terest
bidder
at
2V2S,
as
Department,
Bond Sale—The $500,000
J.
ceive
Offering
Bismarck,
Ohio
„
Township Locql Sch. Qist.
the
on
Newton, N. C.
1,
(P. O. Xenia), Ohio
Bond Sale—The $250,000 build¬
Call—D. B.
Bond
issuance of $225,000
power plant bonds, and $54,000
genera 1
fund
reimbursement
Jan.
on
proved
Nov.
Dated
$1,000. Due
1, from 1950 to
Xenia
199—were
p.
7:-,o V;-;:
NORTH DAKOTA
?
price of
100.10, a basis of 2.489%. Dated
July 1, 1947. Due serially on July
1, from 1948 to 1967 inclusive. In¬
terest payable J-J. The next high¬
held
1947 by the United States Bureau
Of the Census for the New York-
Eaten, Ohio
$25,000 sewer
bonds offered on Jan, 19—v. 167
Sale—The
Bond
tion bonds.
the
election
an
interest
3%
exceed
bonds.
Denomination
1947.
purchased by the
Eaton National Bank, as 2V4S, at
a price- of 100.50, a basis of 2;203 %.
Union County School Dist. No. 48
Dated Feb, 1, 1948. Due serially
(P. O. Beaverton), N. C.
on April and Oct. 1, from 1949 to
Bonds
Voted—At an election
1973 inclusive.
Interest payable
held recently the voters approved A-O. The next highest bidder was
the issuance of $20,000 construc¬
Pohl & Co., for 2V2s,.at 100.50.
$400,000 water, sewage
and storm drainage bonds.
v.
Bonds Voted
March 15
on
of
ance
improvement bonds offered on:
Jan. 20—v. 167 p. 297—were pur¬
chased by E. L. Hardin & Co., of
Salisbury, as 2s, at a price of
100.557, a basis of 1.907%. Dated
Dec. 1, 1947. Due serially on Dec.
Ij from 1949 to 1956 inclusive.
Principal and interest (J-D) pay¬
able in New York City. The next
of
be held
the voters will consider the issu¬
China Grove, N. C*
plfenning
said Frederick P, Clark,
on
,
—
compared with 12,517,700 in 1940,"
noon
$1,000 on Sept.
Bond Sale—The $100,000 build¬
different rate of interst in a mul¬
1964 inclusive. Bidders may bid
ing bonds offered on Jan.20—v. 167
tiple of.% .of 1%. No bids for less for a different rate of interest in
p. 298—were purchased by Breed
than par
a multiple of V4 of. 1%. 'These ar£
and accrued interest.
&
Harrison, and the Provident
Principal and interest (J.-D.) pay¬ the bonds authorized at the gen¬
Savings Bank & Trust Co., both able at the
Dollar Savings & Trust eral election on Nov. 4, 1947. Said
of Cincinnati, jointly at a price
Co., Youngstown. The approving bonds will not be sold at less than
of. 100.05, a net interest cost of
opinion of Vandewater, Sykes & par and accrued interest. A cer¬
3.156%, as follows: $56,000 as 3s,
Heckler, of Cleveland, will be fur¬ tified check for $250 payable to
ihaturing on Feb. 1, $3,000 from
nished the purchaser. A certified the Board of Education, is re-;1951 to 1959; $4,000 1960 to 1965;
check for $4,500 payable to the quired.
$5,000 in 1966, and $44,000 as 3V4s, Treasurer of Board of
Education,
West Lafayette Local Sch. Dist.,
maturing $5,000 from 1967 to 1970,
is required.
and $6,000 from 1971 to 1974, all in¬
Ohio
Bond Sale—The $179,000 build-r
clusive. Dated Feb. 1, 1948. Prin¬
Corning, Ohio
Bond Sales—The $17,000 street ing bonds offered on Jan, 15—Vi
cipal and interest (F-A) payable
in
New
York
City.
The next improvement bonds offered on •167 p. 199—were purchased by Fox,
highest bidder was the Branch Jan. 17—v. 167 p. 199—were pur¬ Reusch & Co., of Cincinnati. Dated
chased by the Bank of, Corning Feb. 1, 1948.. Due serially on May
Bank & Trust Co., Wilson, for
$82,000 as 3V2S, and $18,000 as Co. Dated Jan. 1,1948. Due serial¬ and Nov. 1, from 1949 to 1973, all
ly on Jan. 1, from 1950 to 1959 •inclusive. Principal and interest
3V4S, at a price of 100.01.
inclusive.
(M.-N.) payable at the Coshoc¬
Smithfield, N. C.
ton National Bank, Coshocton.
Bend Election
At a special
election to
NORTH CAROLINA
until
bids
sealed
Davis,
will re¬
Jam 27 for the purchase of ,$15,-
1, from 1949 to 1970 in¬
Bidders may bid for a
clusive.
Bert
—
Clerk Board of Education,
building,
»
Bond. Offering
r
at 7.30 p.m)
.
New
connec¬
the sale of the $480,000
.
Wilson,'for $40,000
date
Monday, January 26, 1948
$6,000 from 1961 to 1963; $27,000
as 6s, ihaturing $7,000 in 1964 and
1, 1949, and April and Oct. 1, from
V Campbell < City -School District,
*
10,000 in 1965 and 1966, and $80,1950 to 1969, all inclusive.
i' !-'•'/ Ohio
000 as IVjS, maturing $10,000 from Ar"V';:Av<V
Bond Offering—John M. Roper;
1967 to 1964, all inclusive. Dated
Wayne Local School District
Feb. 1, 1948.
Principal and .in¬ Clerk of Board of Education, will
(P. O. Lisbon)t Ohio ;
par
Jersey
of
1960;
turing $4,000 from 1957 to
City. The next highest bidder was
the Branch Banking & Trust Co.,
that
after
oon
Associ¬
and
Bessemer
Bank
Hanover
New York
ates—$4,550,000 at 1.375%. Notes
fere dated Jan. 29, 1948 and mature
on
Notes will be
year.
interest and Will
Corp., of Greensboro, at a price of
100.017, a net interest cost of
2.443%, as follows: $24,000 at 3%s,
maturing on Feb. 1, $4,000 frorp
1951 to 1956; $34,000 at 2Vis, ma¬
be
York,
New
said
'of
lelivered and payable at
Iral
To the Chemical Bank & Trust
Co.,
with
Irawn
July 29, 1948.
on
sub¬
be
none
or
be
right is reserved to re¬
lays to the
000,000 at 1.36%, plus $25.
Notes
are
dated Jan. 29, 1948 and ma¬
ture
all
for
re¬
ject any or all bids. Interest will
be computed on the basis of 360
000,000 as follows: $2,000,000 at
1.30 %7 plus a premium of $25,
$3,000,000 at 1.32%, plus $25; $3,000,000 at'1.34%, plus $25 and $3,^
„
sealed
must
Bids
considered.
lotes. The
and
Co.,
&
are.
a
as
counsel, bids
telephone cannot
by
mitted
Salomon Bros.
Hutzler, all of New York—$11,-
vine
lotte,; J, Lee Peeler & Co., of
Durharti, and" the Vance Securities
treated
Jnder advice of
syndicate composed of the
National Bank, C. J. De-
a
.received,
bid.
if
period
bids
sealed
be
bid
telegraphic
expiration
vill
follows:
;
during
chased by a syndicate composed
of R. S. Dickson & Co., of Char¬
vhich
$16,800,000 tem¬
loan notes offered on Jan.
167 p. 297—were sold as
Note Sale—The
20—v.
Jan. 20—v. 167 p. 298—were pur¬
A
he
banks, called for an interest rate
of 1.17% and price of par.
/
porary
de-
ivered to the Comptroller before
1949.
Trust Co.
associated
&
Bank
York
FINANCIAL; CHRONICLE
&
to
Election
held
be
on
—
At
election
an
Feb. 10
the voters
will consider the issuance of $.100,000
general hospital bonds.
*
'
Waurika, Okla.
V?
.
~
'
Bond Offering Details—In
nection
the
with
dffering
con¬
of the
$73,500 bonds scheduled for Jan."
27—v. 167, p. 299—we learn that
the bonds will- be sold as
follows!
Rate of interest to be in
multiples of V4 of 1%. Bids may
be made- on any number of said
but must not be for less
than par and accrued interest. All
bonds,
bids. must
state
the
number
$60,500 water works bonds; . Due
$4,000 from 1951 to .1964,-and
.
..
.$4,500 in 1965.
/ 1
J i!
bonds. " Due $1,000.
;
10,000 street
:
.
of
from ,1951 to
3,000
bonds bid for; the gross
sewer
amount of
bid, and the accrued interest to
date of delivery. Interest payable
J.D.
These are the bonds au¬
the
bidder
thorized at the general election on
rate
of
,
from 1°.51
„
The
1960 inclusive.
bon^s.
,
Due» $500
f- : "156 inclusive.
bonds vwill be
offering
interest
and
awarded
f
the
to
lowest
agreeing
to
certiiied
:amount
x
able to School District, is
Dist.
(P. O. Quarryville), Pa. • ' ;
-Bend
The $136,000 park
Sale
required.
East Drumore Township Sch.
j&'-rty,;' Wewoka, Okla. (f,/
Bond
,/
amount of bonds bid for, pay¬
tace
and accrued interest. A
: check :> for
2% of the
bid, is required.,;/-V.>
par
pay.
THE COMMERCIAL
Number 4667
167
Volume
FINANCIAL
CHRONICLE
200—we learn that the
sold as 2y2s, a basis
of 2.39%".
The next highest bid¬
000
der
bonds
was
Bank
of
167,
v.
\
p.
bonds
A. W. Reese,
Offering
&
Arthurs,
was
Lestrange
&
Klima, for 2%s, at 100.838.
Northampton, Pa.
;
;.
and improvement Solicitor, will receive sealed bids
Bond
Sale—The
$170,000 im¬
offered' ,on. Jan.19 were at his office, 33 N. Duke Street,
Lancaster, until 3.30 p.m. on Jam provement bonds offered on Jan
purchased by Calvert & Canfield,
,
at
interest
net
a
11 for the purchase of
and Associates,
cost of 2.67%.
to
and
equipment
coupon
bonds.
Jated Feb. 16, 1948. Denomination
and
inclusive.
$7,000 from 1951 to 1968,
Due
1969,
in
$10,000
all
the election on
Due on Feb. 16, as fol-r
lows: $2,000 from 1947 to 1957, and
$1,000 from 1958 to 1968, all in¬
•; clusive. Option to redeem any or
all
outstanding bonds maturing
on or after 1961 at par on Feb. 16,
Dec. 23.
oregon
;•
■
Ore.
Bond Sale —The $50,000 water
Gearfaart,
■
•
price of 100.15.
f
15—v.
which
v
on
1948
nish
and
election
of
the
light
and
'
.
,
4
:
19f53
Chicago, will
purchaser.
city
No.
-
bids
(P. O. Aloha), Ore.
107
Bond Sale—The $105,000 school
bonds' offered on Jan. 16 were
;
■
'
nold, Solicitor, will receive sealed
at his
office, 110 E. King
Washington County Sch. Dist. V
(
'
/.'purchased
the United States
Portland. Dated
by
National Bank, of
1948. Due on Feb. 1, as
follows: $5 000 from 1950 to 1956;
V Feb. 1,
■
Street, Lancaster,,, until 2 p.m. on
Jan. 27 for the purchase of $25,000
not to exceed 3% interest con,
struction
'
t
and
$1,000. Due on Feb.
16, as follows: $2,000 from 1949 to
1953, and
$1,000 from :1954 to
nomination
Kirkwood), Pa.
(P.* O.
>
Offering—William B. Ar¬
Bond
nold, Solicitor, will
bids at his office,
-
.
receive sealed
King
E.
110
Street, Lancaster, until 3 p.m. on
Jan. 27 for the purchase of $27,000 not to exceed 3%
interest
construction and equipment cou¬
Dated Feb. 16, 1948.
bonds.
pon
follows: $2,000 from 1949
to 1955, and $1,000 from 1956 to
1968, both inclusive. Interest payable F-A. Option to redeem any
or all outstandingK bonds matur¬
;
.
\
•
terest,
1949, or any interest paying
date thereafter. Bidders to name
the rate of interest in multiples of
16,
-
;
No bids will be re-
1%.
of
y4
ceived which are for less than the
-
entire issue or which combine two
different interest rates, or which
••
are
for less than par. and accrued
interest.
Option of registering
principal only. A certified check
b\ifor 2% of the face amount of the
...
for,; payable
bid
bonds
to
the
School District, is required.
..
Drnmore
Township Sch. Dist,
(P. O. Drumore), Pa.
.
Offering—William B. Ar¬
Bond
v
nold, Solicitor, will receive sealed.
his; office, 110 E. King
Street, Lancaster, until 2.30 p.m.
bids
on
at
J3U-
purchase of
27 for .the
$15,000 not to exceed 3% interest
■
construction and
equipment
;
on
Feb. 16, from 1949 to 1963 in-
Bond Offering—H. D.
J
V all
•
or
Secretary Board of School Direc-
These
at the
general election on Nov. 4. In¬
terest payable F-A.
These bonds
are issued subject to the favorable
tered
to
as
the District Treasurer,
is required.
Townshin Sch. Dist.
Morn
y:, 1949,
or
on
any
Feb. 16,
interest .paying
\;'date thereafter.; Bidders to name
multiples of
the rate of interest in
(P. O.
Carnot, R. D, Coraopolis), Pa.
Sale
Bond
Details—In
connec¬
school bonds
as
2s, at a price of
basis of 1.744%,
Jan.
our
19
as
re-j
issue—v.
.% of 1%. No bids will be received
which
issue
are
or
167
&
299
p.
bonds
we
—
were
that the
learn
sold to Singer, Deane
Scribner and Fauset,
Steele &
Co., both of Pittsburgh, jointly.
:
-
or
which are
accrued in¬
Option of registering prin-
cipal only.f'IhtCrest payable
A
(P.
which combine two dif-
for less than par and
terest.
Neshannock
for less than the entire
vV ferent interest rates,
certified cieck
F-A
for 2% of the
par.
O.
(P.
Greenwood), S. C.
Sale Details—In connec¬
Bond
;
/
v;
;Bond
tion
O.
2%s, maturing on Jan.
as
15, $8,000 in 1949; $9,000 in 1950;
in
000
1960, all inclusive. Dated
15, 1948. Interest payable
Jan.
J-J.
i
Union County Union
held
the sale
bonds to
Sonhner.
as
Details—In
of
of
the
connec¬
$88,000
Singer, Deane &
Pittsburgh, at 101.07,
reported in
our
Jan. 12 issue—
"v
Bond
c
.
on
of
school
000
bonds
was
Richmond, and Hamilton & Co., of
jointly,
Chester,
at
a
price
interest
100.04,
a
net
2.782%,
as
follows: $46,000
maturing
1949
1955;
to
Feb.
on
1,
1953; $8,000
$42,000
as
$8,000 from
1956
1
elec-
an
the
fr0m
voters
and
as
of
to
maturing
1958;
$9,000
Dated
bonds.
coupon
March
AAn
as
1963,
and
$10,000
1968, all inclusive.
1948.
from
1964
■nyr-Den0Vlina^ follows:
#"11
1, as
pay-
1953;
from
$9,000
Signal Mountain, Tenn. w~
Bonds Sold—An issue of $115,000 water bonds was purchased
recently by J. C, Bradford & Co.,
of Nashville, as 3V2s.
;■
V
to
1949
1959.
Somerville,
1,
1958
and
Town
$4'°90
$2,000
5
Jnterest payable M-S. at the
These
bonds authorized
stree, improvement
special election held on Dec. 23.
jan
Bond
$1,000.
Due
from
to
1960
from
1965 to
$1,-
redemption
any
on
option
inverse
Jan. 1,
texas
interest
of
nu¬
1961,
crued interest to date of redemp¬
a
(
election
as
premium for each bond
$225,000 con-
bonds authorized at
strUction
the
Jan. 23 have been sold
on
3y4s and 3V2S.
or
prior to maturity at par plus ac¬
plus
Texas
Sold—The
Bonds
Bryan, Texas
date
payment
re-
Indep. School District,
Arlington
Bonds matur¬
at 'the
Town, is
-
$10,000
1964;
ing from 1962 to 1969, are callable
Bonds
tion held
on
not approve
000
Voted—At
Not
,
'V;;/an
elec¬
Jan. 6 the voters did
the issuance of $100,-
airport bonds.
called in the amount shown in
the
Crosby County (P. O.
following schedule:
Date of
Jan. 1,
Dedemption
1961
or
July 1, 1961
$40
35
30
25
1, 1962 or July 1, 1962
Jan. 1, 1963 or July 1, 1963
Jan. 1 1964 or July 1, 1964
1, 1965 or July 1, 1965
1966 or July 1, 1966
1967 or July 1, 1967
Jan. 1, 1968 or July 1, 1968
Jan. 1,
•
Jan. 1,
Bidders
are
20
15
10
5
requested to name
rate or rates of interest in mnl-
tiples of y4 of 1%.
Not
Crosbyton),
Texas
Premium
Jan.
a
payable to the
quired.
1968, and $20,000 in
1969, all inclusive.
tion
000
on
as
|'and
; 1955; $6,°°° frmaa 1956 to^ 195<k $8
000
and
Dated
demption on or after Jan. 1, 1953,
at par and accrued interest. The
purchaser is to pay for the legal
opinion and the printing of the
bonds. A certified check for $2,-
follows: $3,000 in 1950
1951; $5,000 from
1952 to
1,
wa'ter
bonds.
Denomination
1948.
^
Feb.
not
Due on Jan. 1, as follows:
$4,000 from 1949 to 1953, and $5,~
Cowan, Tenn.
000 from 1954 to 1964, all incluOffering—John F. Terry,1 siVe. Bonds maturing on and aften>-~
Recorder,
will
receive jan. 1, 1954, will be subject to re-
Denomination
Jan.
on
p.m.
000.
TENNESSEE
Town
1
for the purchase of $75|0oo
to exceed 6% interest
the
are
until
bids
receive
will
Recorder,
sealed
m
Tenn.
Offering—Ben Mahoney,
Bond
.
March
on
from
Dated Feb. 1,
Principal and interest
able F-A.
to
to
1956; $i0 0OO from 1957 to
W59
and $u,0op from 1960 to
1962, all inclusive
'
^
Jan.
and $77,000
3s, maturing $9,000 from 1961 to
19H1
construction
interest
3%
exceed
2s,
$6,000 from
Jan.
on
Dated Sept. 1,
1954 to
toe issuance of
Dak.
Berry,
will receive sealed
bids until 8 p.m. on Feb. 2 for
the
purchase of > $42,000 not to
of
in 1954 and
21/2s,
1960,
1959
cost
.
1948- Due 0n SePtas follows:
$7,000 from 1948 to 1950; $8,000
'
L
Sioux Falls), S.
(P.O.
$165,-
recently by F. W. Craigie & Co.,
Tenn.
$135,000 elec-
Sale—The
15 were purchased by Davidson &
Bond Offering—Robert B.
merical order
purchased
Sevierville,
•
trie system bonds offered
revenue
n
13
Jan.
approve
School District the municipality in
issue
Sale—An
1948. Due serially
1949 to 1958 in¬
1,
1, from
Bond
District Clerk,
for
(P. O. Union), S. C.
/..'<*
Jan.
Jan.
on
sealed bids until 10 a.m. on Jan.
27 for the purchase of $150,000
and Hamilton & Co., of Chester,1 not to exceed 4% interest water
jointly, at a price of 100.03, a net works and sewer system revenue,
interest cost of 2.825%, as follows:
series A bonds. Dated Jan. 1, 1948.
in
New Castle), Pa.
Sale
with
school
Township, Sch. Dist.
F. D. No. 3,
R.
Dated
South Sioux Falls Indep. Sch. Dist.
With the sale of the $320,000
$176,000
200—were pur-
!
^
tion
167 p.
chased by the Bank of Gleason.
$38,000 municipal airport bdnd$V
so
"
•
sold at
Jan. 20—v.
election
an
' A.
Voted.—At
Not
not
on
tion^ with/ the sale of the $40,000
outstanding bonds maturing on
on
the
payable to
the
of
in
par
of
bonds,
amount
a.
at
Chester, and the Fort Mill De¬
pository, of Fort Mill, jointly, as
reported in our Jan. 19 issue—
v.
167 p. 299—we learn that the
maturing $28,000 in 1959, and $26,-
2%
for
.
did
were
'
$40,000 street
bonds
offered
on
Co. of Knox ville.
'Bonds
tion
face
check
At
improvement
tern
y s
water and sewer extension
bonds to
Hamilton
Co., of
2 y2 %
Munson, of Philadelphia. A certi-J
fied
the
tion with the sale of the $70,000
Greenwood County
-
•*..
Sale—The
improvement
recently the voters approved
issuance
of $20,000
electric
c
$13,000 from 1951 to 1954; $25,000
in 1955; $26,000 in 1956; $28,000
in 1957 and 1958, and $54,000 as 3s,
Elliott /&
Townsend,
opinion of
101.38,
1959
principal only.
bonds authorized
the
are
—
■
bids until 2% road bonds , to the County
Bank and the Bank of Greenwood
p.m. on Feb. 3 for the pur¬
chase
of
$175,000 improvement both of Greenwood, as reported
in our Dec. 15 issue—v. 166, p.
coupon bonds. Dated Feb. 1, 1948.
the bonds
Denomination $1,000. Due on Feb. 2472—we learn that
were, sold at par.
1, as follows: $8,000 from 1950 to
1970, and $7,000 in 1971. Bidder
Union, S. C.
to name the rate of interest in
Bond Sale—The $230,000 com¬
multiples of Vs of 1%. Bids will bined public utility system rev¬
be received Tor the entire issue at enue bonds offered on Jan. 22
any one rate of interest,, but no
v. 167 p. 299—were purchased by
bid combining two different rates
F. W. Craigie & Co., of Richmond,
accepted. Regis¬
Voted
Mill, S. C.
7.30
of interest will be
held
Details—In connec-
tdrs, will receive sealed
ported
after
Stehman,
Faith, S. Dak.
™
bonds
re-
94_were rejected.
p
Bond
bonds.
south carolina
Fort
bids
$650 000 improve-
Gleason, Tenn. /
in 1961.
Optional on
interest payment date. Second
Bonds
s
District
(P. O. Lancaster), Pa.
Option to redeem any or
elusive.
-
ment of Internal Affairs.
Sale
the
clusively.
bonds was
approved recently by the Depart¬
Bond
,
Rejected—All
for
167
v.
$1,000
of
construction
$85,000
Lancaster Township School
cou¬
pon bonds.
Dated Feb 16, 1948.
Denomination. $1,000. Due $1,000
which are for less than
or
and accrued interest. Option
registering principal only. In¬
terest payable F-A.
A certified
check for 2 % of the face amount
of the bonds bid for, payable to
the School District, is required.
par
'
f
which
or
of
as
ing on or after 1961 at par on Feb.
issue,
and
be delivered the
ment bonds offered on Jan. 20
high bid of 100.104 for 2 Vfcs was
made by the Allison-Williams Co.
(P. O.
Essington), Pa.
Approved—An issue
Bonds
of, S'°"x Fafls'
2V2s, at a price
as
to
expense
a
$2,000 from 1949 to 1960 inclusive,
Township
Tinicum
Rapids,
100.20,
any
is required.
the District,
Bids
ceived
basis of about 2.465%.
The bonds are dated Jan. 2, 1948
and mature on Jan. 1, as follows:
check
tie(j
combine two different rates of in¬
Denomination $1,000. Due on Feb.
16,
entire
the
than
valid and general obli-
of
of the District. A certifor $5 500 payable to
gations
will be received which are for
Township School District
Colerain
ot Dell
the
that
Pittsburgh,
of
are
multiples of V\ of 1%. No bids
less
in
pennsylvania
.
Feb.
1964; $7,000
$8,000 in
1967, all inclusive. Principal and 1968, both inclusive. Option to reinterest
(F-A)
payable > at the ieem any or all outstanding bonds
County Treasurer's .office.
The maturing on or after 1963 at par
purchaser will be furnished with on Feb. 16, 1949, or on any in¬
the approving opinion of McCul- terest paying date thereafter. Bid¬
loch, Shuler & Sayre, of Portland. ders to name the rate of interest
1966,
and
1965
in
1957 to
from
$6,000
•
{
equipment coupon
16, 1948. De-
and
Dated
jonds.
Na'ional Bank
opinion of Burgwin, Churchill &
Ruffin,
2611 —were
p.
awarded to the Northwest Secur-
bonds will be accepted. The purchaser will be furnished with the
bonds
166,
v.
—
1949
irom
no
Dyersburg, Tenn-
•
29
1,
At
to
purchaser,
the
completed
together with the legal
opinion of Chapman & Cutler of
hall and fire station bonds offered
Dec.
Jan.
on
inclusive.
bonds
■
■
Dell Rapids, S. Dak.
Bond
Sale —The
$25,000
im-
public
the
learn that the. bonds
sold at par.
were
interest
4%
$2,000
Minneapolis, as 214s, as reportedmourJan. 19issue-v. 167
299—-we
Kille-
B.
provement bonds. Dated Jan. 1,
1948.
Denomination $1,000. Due
of
p.
Offering —K.
exceed
revenue
„
__n
4
A certi¬
of the amount
2%
Dresden, Tenn.
connec-
plant
power
No bid
and accrued in¬
par
check for
Bond
bonds to the Allison-Williams Co.,
'
than
brew, Town Recorder, will receive
sealed bids until 1 p.m. on Feb. 6
for the purchase of $30,000 not to
«.«-*iwnnn
„#
™,i«
to
Treasurer, is required.
with the sale of the $178,000
tion
"
Details—In
Sale
Bond
re¬
reserved
and all bids and to sell
of the bonds, payable to the Town
Arlington, S. Dak.
Boyd,
right is
part of the bonds.
or
for less
to
as
Sinkler,
at
The
condi¬
so
all
July 15, 1947.
Ap¬
legality by Huger
Charleston.
on
proved
which combine two dif¬
ceive
sealed
bids
until 8
p.m.
ferent interest rates, or which are
\ Washington County School District
(EST) on Feb. 6 for the purchase
for less than par and accrued in¬
i\ ; No. 7 (P. O. Hillsboro), Ore.
of $275,000 school coupon bonds.
Bond Sale Details—In connec- terest. Option of registering prin¬
Dated Feb. 1, 1948. Denomination
tion with the sale of the $225,000 cipal only.
Interest payable F-A.
.
°n.
building
bonds to
the United A certified check for 2% of the j $1>000.
c'ace amount of the bonds bids for, ' ^011} ,1959 to *9,74, a.^ inclusive,
States National Bank, of Portland,
as 2 y4 s,
and i2 y2 s, as reported in oayable to the School District, is Registerable as to principal only
Bidders to name a single rate of
; our Dec. 22 issue—v. 166, p. 2611
required.
interest in a multiple of Vs of 1 %.
—-we
learn that the bonds were
Fulton Townshio School District
Interest payable F-A. No bid for
sold for a price of 100.065, a net
less than par and accrued inter(P. O, Kirkwood), Pa.
V interest cost of 2.386%.
Bond Offering—William B. Ar- es^ Qr for
less than. all of the
or
be
must
of
of Chicago,
Cutler,
any
south dakota
will
Directors,
of
&
bids
fied
(P.
Bond
all
opinion
reject
These
authorized
bonds
one
fur¬
will
Town
approving
terest will be considered.
highest bidder was E. H.
O. R. D. No. 1
Verona), Pa.
Offering — V. W.
than
one
The
the
Chapman
Township School District
Penn
any
Nashville.
1957;
to
Co., of New York.
the
are
Sons, and Associates, for
2y4s, at 100.358.
^
from
specified and
more
& Trust
Rollins &
for less than the entire
and
the
Bank, both
jointly. Dated Dec
Due on Dec. 15, as fol¬
$15,000
be
no
63
maturity. Prin¬
cipal and interest (J-J) payable at
the
American
National
Bank,
tht
to
for
be
able at the Central Hanover Bank
Aug. 1, from 1948 to 1973 in¬
Interest
payable
F-A.
The next
Merchants
rate
shall
tioned.
clusive.
Secretary
issue,
general
sold recently
shall
rates
$18,000 from 1958 to 1960; $23,00t
in
1961
and
1962,
and $25,00C
from 1963 to 1967, all inclusive.
Principal and interest (J-D) pay¬
Associates, as 2y4S, at a price
of
100.739,
a
basis of 2,117%.
Dated Feb. 1, 1948.
Due serially
Bidders
are
94—were purchased
p.
and
any
or
thereafter.
167,
of
$375,improvemen
Walterboro,
15, 1947.
lows:
by Stroud & Co., of Philadelphia
interest paying date
to name the
rate of interest in multiples of. Vi
of 1%. No bids will be received
1949,
improvement bonds offered Jan. 7—v. 167, p. 54—were
awarded
to the' First National
Bank of Portland, as 3y2s, at a
main and
'
,
$1,000.
bonds authorized at
These are the
$29,000 not
exceedj 3% interest construction
2i/4%
issue
of Walterboro,
bonds
of Oklahoma City,
two
there
Farmers &
extension
site
Walterboro, S. C.
Sale—An
Bond
were
(483)
more
Bond
be
to
Election—At
held
on
an
will consider the issuance
road
000
election
Jan. 31 the voters
of $300,-
improvement bonds.
Crosby County Road District
No. 1
(P. O. Crosbyton), Texas
Bond
to
be
w'H
Election—At
on
Jan.
consider
the
held
than $335,000 road
an
election
31 the voters
issuance
of
improverrieiit bonds.
64
THE COMMERCIAL
(484)
f
Dallas, Texas
— Earl
Goforth,
Bond Offering
purchase of $6,000,000 not to
exceed
4%
interest water and
of
bonds. Dated Feb.
Denomination $1,000. Due
$300,000 on Aug. 1, 1948, and Feb.
and Aug. 1, from 1949 to 1958 in¬
1, 1948.
after
maturing
Bonds
clusive.
1, 1953, may be re¬
prior to maturity at the
Aug.
deemed
1953,
option of the City on Feb. 1,
and
and
on
on
interest payment date
any
at
thereafter
price of
a
interst
accrued
Muleshoe
plus a premium of
2%, such premium to be reduced
on Feb. 1,
1954 to 1%%; on Feb.
redemption,
1%;
to
1955
1,
February
on
■
issuance
the
'
•
•_
-
•'
•
.
CHRONICLE
'"V •
•
;1
Webb
Bonds
Voted
held
on
the
issuance
At
—
i
election
an
Jan. 3 the voters approved
of
bonds.
County
(P.
Panola County
Election
Bond
Soon
At
—
an
1
Orange Independent School
District, Texas *
\
Bond Election—-At an election
be held in the
to
Sold—The
$3 45,00 0
sold.
1,
Pasadena
consider the
will
voters
Indep. School District,
T exas
Notice of redemption
shall
be
given
publication
at
least 30 days prior to date fixed
for redemption. In the event that
part of the bonds are ,called, they
cently
Board,
willfbe called in inverse numeri¬
of
future the
near
consider the
will
voters
issuance
3\1?5,000 construction bonds.
WVm~r, Wilmer-Huichins Indepen¬
dent School District, Texaj
Election—At
Bond
authorized at the election held cri
1%.
of
y4
maturities, and
cal order of their
if
the
bonds
vited to name
bonds
Texas
held
be
the
soon
held recently the voters
No bid for less than par or for less
the
considered.
and in¬
Principal
Voted
Bonds
City. The City will furnish
York
the
approving opinions of the At¬
torney-General of the State; McCall, Parkhurst & Crowe, of Dal¬
las, and Chapman & Cutler, of
Chicago. Bid forms are available
furnished
be
to
forms
on
upon
election
an
approved
airport
of
issuance
$125,000
improvement bonds.
Arthur
Bond
Sch.
Dist.,
D.
Indep.
Austin,
sealed
purchase
Jan.
until
of
receive
will
Manager,
bids
tne
for
28
school
$2,300,000
bonds.
Reagan County (P. O. Big Lake),
Approved—At an elec¬
held on Dec. 30 the voters
Bonds
request to the City Auditor. The
hos¬
approved an isue of $100,000
City expects to deliver the bonds
about March 10, 1948. A certified
check for $120,000 payable to the
pital bonds.
Election—At
Bond
to
be held
Jan.
on
election
an
the voters
31
will consider the issuance of $11,-
received
be
ent
1 (P.O.
Lamesa), Texas
Bonds Sold—The $150,000 road
improvement bonds authoiized at
the election
Dec. 30 have been
on
sold.
Election—At
Bond
to
on
Jan.
consider
the
be
held
will
election
the
voters
issuance
Falfurrias
;
School
Texas
V !,
Sold—The
Bonds
District,
Indep.
bonds
struction
election held
been sold.
authorized
on
;
Sept. 6, 1947 have
bonds.
—
At
election
an
approved
construction
Indep. Sch. Dist., Texas
Election
Bond
Soon
At
—
the
in
held
be
to
an
near
will
consider
the issuance of $700,000
construc¬
the
voters
tion bonds.
Election—At
Bond
voters
of
will
consider
election
an
County (P. O.
Tyler), Texas
Election—At
Bond
held
be
to
the
issuance
$40,000 construction bonds.
on
Jan.
the
31
voters
Sale—The
First
Voted—At
Bonds
held
Jan.
on
the
water
and
12
voters
issuance
sewer
election
an
the
ap¬
$150,000
of
bonds.
revenue
Election—At
Bond
will
voters
Texas
voters
a
future,
of
consider
election
future the
issuance
the
County (P. O.
Victoria), Texas
Bond Sale Details—In
not approve
an
elec¬
the issuance of $125,-
000 construction bonds.
Approved
—
$64,000 various bonds
approved
Bond
issue of
was
recently
by the voters,
McKinney,
in the
i
an
near
000
road
as
$1,000,Dallas
the
to
Co., of Dallas, at 100.reported in our Jan. 19
issue—v.
•
that
First
the
167,
p.
300—we
National
learn
of
Bank,
Dallas, Moroney, Beissner & Co.,
Rowles,
Winston
Co.,; both of
Faul,
above
future the
bonds
Houston,
election
will
be
deliv¬
on
or
about
par
of
bid
No
for
les^
and accrued interest to
delivery will be consid¬
ered.
the
of
and
were
named
bonds, at
1.988%,
as
Kalman
&
Co.,
of
associated with the
in
a
the
net
purchase of
interest
cost
follows: $190,000
as
purchase
(b) the lowest rate
which
the
bidder
be
sold
with
the
option
of
Preston, Thorgrimson & Horowitz,
of Seattle, approving the
legality
of
the
bonds.
of the
A
certified
amount
VIRGINIA
sealed
bids
until
Feb.
16
for the purchase of $100,000 not to
exceed
3%
interest
school
scheduled
originally
for
bonds
sale
on
Jan.
lows:
of
1, 1948.
Denomina¬
Due on Jan. 1, as fel¬
1952;
$15,000 from 1953 to 1959; $20,000
from
1960
from
1964
bid
No
1949 to
$10,000 from
to
for
1968,
all
the
of
Bid¬
considered.
be
should
$25,000
inclusive.
and
all
than
less
will
bonds
1963,
to
specify in their bids
rates of interest which
or
bonds
are
bear.
to
Each
rate
specified must be in a multiple of
one-twentieth of 1%.
Principal
interest
and
(J-J) pa.vab'e at the
Bank
Hanover
Trust
The
City.
York
New
&
pur¬
chaser will be furnished with the
approving opinion of Reed, Hoyt
Washburn, of New York City
&
that the bonds are valid and bind¬
ing obligations of the County. A
certified check for $7,090 payable
County, is required.
Offering—Fred
City
167, p. 95—were purchased by
syndicate composed of the Union
Securities Corp.,
T.
the
for
to
purchase
exceed
4%
of
Hoff¬
Dated
bonds.
Feb.
$750,000
interest
water-
March
1,
Denomination
$1,000.
Due
follows: $37,000
$38,000 in 1950; $51,000 in
1951; $52,000 in 1952; 53,000 in
1953; $45,000 in 1954; 47,000 in
1955; $48,000 in 1956; $50,000 in
1957; 51,000 in 1958; $53,000 in
1959; $54,000 in 1960; $56,000 in
1961; $57,000 in 1962, and $58,000
in 1963.
Principal and interest
March
1,
as
(M-S) payable at the City Treas¬
office,
or
at
the
fiscal
agency of the State in New York
urer's
City.
These
thorized
ders
bonds
are
issue
of
part of an au¬
$859,000.
Bid¬
may
-submit
as
follows:
Bonds
bids for the
(a) with the
Wis.
Authorized
Council
The
—
City
authorized an
issue of $5,000 fire station bonds.
recently
Somerset/ Wis.
Bond
bids
Offering
until
the
exceed
street
—
Parnell,
Alex
$15,000
interest
3%
26 for
not to
Jan.
on
of
and
sewer
Jan.
Jan. 1, from
bonds.' Dated
1, 1948. Due $1 000
on
1950 to 1964 inclusive.
Bords
ma¬
turing from 1959 to 1964 inclusive,
will be subject to redemption at
option
accrued
on
of
Village
thje
interest
at
par
said date
on
interest payment date
Principal and interest
(J-J)
payable
at
the
Village
Treasurer s office. The approving
opinion
of
Dorsey,
Colman,
Barker, Scott & Barber, of Min¬
neapolis, will be furnished the
any
thereafter.
purchaser.
blower
the
Weeks, Laidlaw & Co.
p.m.
coupon
tified
&
8
purchase
White, Weld & Co., Bear, Stearns
& Co., Estabrook & Co., Horn-
-
No
he
u
bid
less
for
considered.
check
for
than
A
cer¬
payable
$300
to
Village Treasurer, is required.
Eldredge & Co., Charles E. Wei-
& Co.,
George
B.
Gib¬
Co., Inc., G. H. Walkei
gold
bons
CANADA
&
all
of
&
New
Co.,
York,
J.
C
Nashville,
of
Seasongood & Haas, of New York,
Barcus, Kindred & Co., of Chi¬
Trust &
Savings Bank, of
Ellis & Co., of Cin-
and
cincinnati, as 23/4S, at a price of
101.21, a basis of 2.6475% to ma¬
turity. Due on Feb. 1, as
$224,000 in 1950; $230,000
$237,000 in 1952; $243,000
250,000 in 1954; $257,000
t>264,000 in 1956, $271,000
$279,000 in 1958, $286,000
$294,000 in I960, $302,000
follows:
in 1955;
in 195/.
in 1959,
in 1961.
$311,000 in 1962, $319,000 in 1963.
$328,000 in 1964, $337,000 in 196>,
$346,000 in 1966, $356,000 in 1967,
and $36*6,000 in 1968, Bonds ma¬
turing in 1954 to 1968 are callable
on Feb. 1, 1953, at par. Dated Feb.
1, 1948. Interest payable F-A. The
next highest bidder was Harris
Trust & Sayings Bank Chicago;
Chase National Bank, New York;
Chemical Bank & Trust Co., New
York; Salomon Bros. & Hutzler;
Central
Republic Co., Chicago;
R. H. Moulton & Co., Schoellkopf,
Hutton & Pomeroy. Trust Co. of
Georgia, Atlanta; W. H. Morton &
Co., Stern Bros. & .Co., Donald
MacKinnon
&
Co., A. Webster
Dougherty
Co.,
&
Canada
Treasury
of
Bramhall
&
Stein, Hess & McFaul, and Breed
&■. Fpr-rison, jointly, for 23/4S, at
Bond
5480, Wash.
Call.—H. L. Collier, City
caPs for
Treasurer,
payment
•Tan. 21 local improvement
No.
bonds
5480
ceases on
No.
date called.
36.
cn
district
treasury bills were
recently at an average yield
of 0.41% as follows:
$75,000,000
available to apply on the follow¬
ing
matured
3396,
bonds:
bond No.
248;
District
No.
District No.
4419, bonds Nos. 20 and 21; Dis¬
trict No. 4314, bonds Nos. 139 and
75,000,000 treasury bill. Dated
Jan. 9, 1948. Due April 9,1948.
BRITISH
COLUMBIA
Trail, B. C.
Debenture
connection
Details
Sale
with
the
sale
—
In
the
of
$76,000
improvement debentures
Nesbitt, Thomson & Co., of
Montreal, at 99.259, as reported in
to
Jan.
our
issue—v.
sold
were
167,
that
debentures
12
learn
—we
the
follows:
as
200
p.
$38,000
as
maturing $4,000 on Oct. 1,
to 1955; $3,000 in 1956
and 1957, and $38,000 as 3s, matur¬
ing $4,000 from 1958 to 1965, and
$3,000 in 1966 and 1967.
2%s,
from
1948
QUEBEC
St.
Hoachim
De
Parish,
Chateauguay
Bond Sale—An issue
3%
road
';.y
Que.
equipment
of $15,006
bonds
was»
sold
recently at par. Dated Novo
1947. Due serially on Nov. 1,\
1,
from 1948 to 1962 inclusive.
St.
Joseph De Coleraine School
Commission, Que.
Bonds Sold—An issue of
$48,006
construction bonds have been
3%
sold
recently at
1947.
Due
on
Dated May 1,
par.
May 1, from 1948 to
1967 inclusive.
St.
Joseph-sur-Yamaska, Que.
of $75,006
purchased re¬
cently by Rene T. Leclerc, Inc., of
Montreal, at
99.38, a
basis of
3.05%.- Dated Dec. 1, 1947.: Due
serially from 1948 to 1967 incluSale—An issue
Bond
sewer
bonds
was
sive.
■
'
140.
Local
Seattle
Improvement
Ste. Agathe-Des-Monts School
1
Commission, Que.
Dists.,
Wash.
Bond
Call—H.
Treasurer,
L.
Bonds
Collier, City
calls for payment the
following bonds:
On
No.
bills. Dated
Due on March
treasury
Dec. 26, 1947.
25 1948.
Interest
Cash is also
(Dominion of)
Sold—An issue
Bills
$150,000
sold
in 1951,
in 1953;
No.
sealed bids until 7.30 p.m. on
not
Glore, Forgan &
Pressprich &
Co.
W.
R.
Seattle Local Improvement Dist.
will'1 receive
Clerk,
voters
WISCONSIN
Columbus,
and
$5 500,000 pub¬
V.
Co.,
the
13
bonds.
and
Seattle, Wash.
Bond Saie—The
a
Feb.
on
as follows: $300,000 mu¬
nicipal baseball stadium bonds,
and
$50,000
land
acquisition
101.147.
WASHINGTON
held
000 bonds
the
Jan. 20—v. 167 p. 300.
Seattle
Boydton), Va.
— Joseph
E. An¬
be
~
election
an
Village Clerk, will receive sealed
i
Seattle,
Bond Offering
to
Va.
W.
will consider the issuance of $350,-
le-
County Sch. Dist. No. 320
(P. O. Tacoma), Wash,
Bonds Offering Extended—L. R.
Johnson, County Treasurer, will
receive
•
Election—At
check
bid, is
Wm. E. Pollock & Co., R. D.
White & Co., both of New York
Clerk
W.»
S.
VIRGINIA
Charleston,
Bond
effective interest rate. Said bonds
will
;
WEST
total amount of interest to oe paia
over the life of the
bonds, and the
cago,
Mecklenburg County (P.O.
16
will
purchase said bonds at par.
Each bid submitted shall show the
Bradford
funds.
Boston
on
Union Trust
St.
Texas
Election—At
to be held
j.•
An
bonds
in 1949;
connec¬
tion with the sale of the
0012,
Marion, Texas
Bonds
as
Thorn dike
Storey,
purchaser
revenue
,
Jan. 3 the voters did
and appioved
Ave.,
No.
thereof. The
will
in
1948.
Not Voted—At
said bonds, or
interest at
&' Co.,
man,
Victoria
on
the
Bond
V
bidder
of
Ellensburg, Wash.
1,237,000 various bonds.
Texas
the
17, 1948, at the First National
Bank of Boston, against payment
bonds.
an
near
which
Dist.
specify either
(a) the lowest rate of interest and
the premiums, if any, above par at
issuance
City, Texas
in the
will
JLazbuddie Independent Sch. Dist.,
Bonds
tc
Feb.
to the
price of 99.166.
tion held
Tnc
as
election
the
Election—At
Bond
pur¬
enue
tion to be held in the ljear
by
The
future the
near
consider
District,
an
construction
$50,000
to be held
at
the
held in
be
to
chased
$300,000 3V2% water rev¬
bonds, subject to the elec¬
chaser.
Co.,
Stamford Indep. School
Texas
of Texas
Corp., of San Antonio, has
Boston.
Dodge, of Boston, whose
opinion will be furnished the pur¬
Central
Spur, Texas
of
Irving, Texas
Bond
legalty
the
election
an
after five years
bids submitted shall
a
Palmer &
the rate
consider the issuance of $1,-
will
future the
near
Boston,
Bank of
ders
Smith
Texas
to be held in the
of
Bank
tion $1,000.
*
,
Sherman
proved
Harper Independent Sch. Dist.,
in
genuineness by the Fi st Natlona
to
at
of
Dated
an
!>•
of interest
rate
one
and
bonds
V\ of 1%. Prmcip.v« lic safety building, general obliga¬
interest payable at the First
tion bonds offered on Jan. 21—
thony,
Independent Sch. Dist.,
Voted
con¬
at
name
National
$125,000
of
000,000 County hospital bonds.
$500,000
to
Due
$15,000
the issuance of 40,000
Bonds
of
$100,000 public library bonds.
Dec.
1, 1947. De¬
on Dec. 1,
from 1949 to
1958, and $7,000 in 1959. Bidders
follows:
as
by
Texas
$500,000
school
improvement;
$285,000 street and storm sewers,
and
coupo l
held recently the voters
Santa Anna
future
an
31
Dated
$157,000
County School
Board, will receive sea'ed bids
until 2 p.m. on Feb. 2 for the pur¬
chase of $350,000 not to exceed
3% interest school coupon bonds.
election
Denisori, Texas
School District,
27 for the
purchase
school bonds*
Dawson County Commissioners
Precinct No.
bonds.
the Superintend¬
of Schools until 7 p.m. on Jan.
426,000 road improvement bonds.
>
purchase of
equipment
and
Offering—Sealed bids will
Bond
Road District No. 1
(P. O. Dallas), Texas
the
for
than
Indep.
B.
Texas
City, is required.
Dallas Counly
28
street
date
Rosebud
Warren
25—34th
the
on
inverse numerical orderinterest payment date on
any
Pierce
Vt.
—
Jan.
241 and 242.
in
all of the
and
any
par
of 5%
Lowe, City Treasurer, will recri/e
sealed bids until 3 p.m. on Jan
ered
Texas
tion
Offering
and after
on
quired.
bonds will be authenticated
Offering—F.
Business
Montpelier,
multiple
Texas
issuance
VERMONT
and
Port
terest
(F-A) payable at the Re¬
public National Bank, of Dallas,
or at the option of the holder at
the
Chase
National Bank, New
At
—
the
$200,000 construction bonds.
nomination $1,000.
Plainview, Texas
:
accepted in mul¬
tiples of 1/100th of 1%.
No bid
may name more than two rates.
than all of the bonds offered will
$300 0 )0
of
paving and sewer extension bohds.
and rates will be
be
will
voters
issuance
the
election
an
future the
near
consider
voters will
of
>
Election—At
consider
bear.
to
are
re¬
Bond
Pharr,
are
Split in: terest rate bids
will be eligible
the
$1,600,-
was
purchased by the State
as 2%s. These are the bonds
Bend
in¬ i
to
the rate of interest
Bidders
bonds
Dec. 6, 1947.
called they shall
in lot.
construction
of
of
are
maturity
called
be
all
than
less
one
Bond Sale—An irsue of
000
in the
to be held
in¬
any
from the date there¬
years
election
an
date
on
On
Dist. No. 5392, Nos. 14 and 15.
Cash is also available to apply
following matured bonds:
4085, No. 57; Dist. No.
4080, No. 10; Dist. No. 4511, Nos,
on
of $350,000 resort piojecc
bonds.
(P. O. Carthage),
County hospital bonds authorized
at an election held recently have
been
the
ture
issuance
numerical order
terest payment
.<
West
,
,t7.Texas
Bends
Monday, January 26, 1948
.
of; (b) with the right reserved to
Laredo),
O.
Texas
•:
water
$80,000
t
•
•
call
1957, all inclusive.
election to be held in the near fu¬
'
*
three
:
"
Needville, Texas
'!
'
000 in 1956 and
2s,
as
$350,000 construc¬
tion bonds.
FINANCIAL
•
verse
held recently the voters approved
the issuance of
»
maturing $100,000 from 1950 to 1955, and $105,r
election
an
&
• •
.
.
right reserved by the City to call
any and all bonds at par in in¬
I.-;'.F-
At
j
13/4S, maturing on Nov. 15, $90,000
in 1948, and $100,000 in 1949, and
Indep. School District,
—
:
-
$810 000
bonds.
Texas
Feb. 1, 1957
1956 % of 1%, and on
A
■
improvement
Voted
Bonds
fixed for
date
to
and
par
consider
$100,000
the
coupon
will
voters
City Secretary, will receive sealed
bids until 1.45 p.m. on Feb. 10 for
sewer
')
•
Jan.
22—Pike
Place,
Dist.
.5442, Nos. 95 to 127.
On
Jan.
24—31st
Ave.,
Dist. No. 5617, Nos. .7 to 12.
of $140,-
recently to Rene T. Leclerc, Inc.,
and
the Banque Provinciale of
Canada, both of Montreal, jointly,
as
of
West,
Sold—An issue
improvement bonds was sold
000
3s, at a price of 99.80, a basis
3.024%.
Dated Jan, 1, 1948.
Due
.
serially
from
.
1949
to
1968
@FedFRASER